Indianapolis Times, Volume 42, Number 30, Indianapolis, Marion County, 14 June 1930 — Page 11

JUNE 14,1930.

JULY HITS LOW POINT FOR CROP IN WHEAT MART Lack of Aggressive Buying Responsible for Most of Downturn. Su United Press CHICAGO, June 13. General commission house and local selling drove July wheat to anew low on the crop just before noon on the board of trade, bringing in the first real buying of the day. Prices, however, closed sharply lower, stop-loss orders being picked up on the way down and only buying against bids and some short covering serving to check the decline. Lack of aggressive buying has become the chief factor, all grains feeling the effect of this. Rye and oats also hit new bottoms during the day, corn holding better than the other grains. At the close wheat was 2 to 2%c lower, corn was M to %c lower, and oats was % to %c lower. Provisions were steady. Liverpool steadied somewhat on the early strength at Winnipeg and prices closed unevenly, lie lower to %c higher. Cables report foreign buyers still holding off, expecting lower prices. Traders were nervous during the morning, scanning all Canadian dispatches for news affecting prices. Cash prices were tic lower. Receipts were 5 cars. Com started lower with wheat and on the larger receipts, but buyers appeared and ran prices up quickly, the market holding a fair fractional gain at mid-session. The rally in wheat aided the recovery. Overnight sales to go east were reported at 50,000 bushels early. Cash prices were unchanged. Receipts were 161 cars. Oats had a firm tone and held around steady most of the morning Grains under renewed pressure; were unchanged. Receipts were 24 cars.

Chicago Grain Table —June 13 — WHEAT— Prev. Open. High. Low. Close close. Julv.. IM% 1.03% I.oo‘j 1.01 103 Sent.. 1.05*2 106% 1.03% 103% 1.06 1.10 l.ll's 108 Vi 108*2 1.10% Ju?y° RN 779<i .80% .79 .79% .79% Sept,. .80’i 80% .79% .*9% .80% Dec.. .74% .75 .73*8 .73% .74% Ju?v ATS T33% .38*8 .36% .37% .38% Sept . .38*2 .38% .37*2 38% Dec . Il>2 .41% .40’.2 .40V. .41% RYE — July. . .56*2 .57 .54% .54% .57% Sept.. .61*4 .01% .59 .59% .61% Dec.. 66*2 .67Vi .64',* .64% .67% Juh AR 10.00 9.92 .9.92 9.82 Sept 10.15 10.17 10.10 10.10 10.12 Oct. 10.15 10.15 10.10 10.10 10.17 Dec 9 80 9.80 BELIES - July. 1430 14.30 14.20 • rpt. ..... 13.80 13.80 BV Time* Special CHICAGO. June 13.—Carlots: Wheat. 14: com. 177; oats. 39; rye. 1. and barley. 3. B.u Times Special „ , CHICAGO. Jur.c 13.—Primary receipts: Wheat- 556,000. against 716.000; corn 940.000. aßalnst 645,000: oats 429,00. against 249.00. Shipments: Wheat—l,os6.ooo, against 906,000; corn 648.000. against 564.000; oats 313.000, against 315.000. Bu Vnited Press TOT-LDO. June 13.—Grain close: Wheat —O. 2 red. *1.044/1.05. Corn—No. 3 yellow. 83’/a4784*.2c. Oats—No. 2 white. 43%® 45* be. Rve—No. 2. 80c. Barley—No. 2. 60c. Clover—Domestic, cash. new. $11.80; prime choice. sl2: October. sl2 60: December. $12.80. Alsike—Cash. $11; October, SIO.BO. Butter—Fancy creamery. 36@37c. Eggs—Country run. 20© 22c. Hay—Timothy. $1.25 cwt. Jlu Vnited Press CHICAGO. June 13 —Cash gram close: Wheat—No. 2 red. $1.03*2. Corn—No. 2 mixed, 80%@80?c; No. 4 mixed. 79*2© 79%c; No. 1 yellow. 80%©81V*c; No. 2 vellow. BC%©Bic: No. 3 yellow. 79%©80%c; No. 4 yellow. 78%©80%e; No. 5 yellow. 78%079c: No. 6 yellow. 76*2©78c; No. 2 white 83'4c; sample grade. 65© 75c. Oats— No. 2 white. 39%@40c: No. 3 white. 38*. ©39c: No. 4 white, 36*4©37%c. f.ye—None. Bariev—so4/ 5Bc. Timothy Clover—s9.so© 17.

Cash Grain

—June 13— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f o. b.. shipping point, basis 41* be New York rate, were: Wheat—Easy: No. 2 red. 96 0 98c; No. 2 hard. 93 ©9sc. Corn—Firm: No. 2 white. 780 79c; No. 3 white. 77©'78c: No. 2 vellow. 74075 c: No. 3 yellow. 73©74c: No. 2 mixed. 72073 c; No. 3 mixed. 71© 72c. Oats —Easy: No. 2 white. 36%@ 37%c; No. 3 white. 35*2© 36’be. Hav <f o. b. country points taking 23Vic or less rates to Cincinnati or Louisville)— No. 1 timothy. sl4: No. 2 timothy. sl3: No. 3 timothy. $11.50: No. 1 light ciover mixed. $12.50: No. 1 clover mixed. $11.50; No. 1 clover hay. $lO. —lnspections Wheat—No. 2 red. 6 cars: No. 3 red. 1 car: No. 5 red. I car; No. 2 hard. 3 cars. Total. 11 cars. Corn—No. 1 white. 11 cars: No. 2 white, 3 cars: No. 4 white. 1 car: No. 6 white. 1 car; No. 1 vellow. 27 cars; No. 2 yellow. 29 cars; No. 5 vellow. 6 cars: No. 4 yellow. 3 cars; No. 5 yellow'. 2 cars: No. 6 vellow. 2 cars: sample yellow. 2 cars. Total. 86 cars. Oats—No. 2 white. 14 cars; No. 3 white. 10 cars; sample white. 3 cars. Total. 27 cars. Rye—No. 4. 1 car. Total. I car.

Net Changes

B" I’nftrd l'rrxx NEW YORK. June 13.—Closing prices and net changes on principal stocks traded on the New York Stock Exchange today were as follows: Up. Off American Can 135 1 a 3*2 ... American Telephone 217 3 , 1 3 ... Anaconda 53 ... IV, Bethlehem Steel 90% 2 3 , ... Consolidate Gas 122 3 , 2'* ... General-Electric 75 IV, ... General Motors 45* ... '-i International Telephone ... 53'* ... ’2 North American 110 3 ... 14 Packard 151, * ... Pennsylvania 75 * ... Radio Corporation 42 , l’ ... Radio Keith 33 1H ... Sinclair ex div 25 3 1 Standard Oil of New Jersey 72* I*4 ... United Corporation 38V* 1 United Gas Improvement... 39 3 4 ... United States Steel 165 2 Warner Brothers Pictures.. 51 ti 1* ... Westlnghouse Electric 156*, 4*2 ... Vanadium 94 l' ...

Local Wagon Wheat

Citv (train elevators are paying 90c for No. 2 red wheat and 87c for No. 2 hard wheat New York Curb Market -—June 13Close Close Am Com Pwr.. 25% Mo-Kan Pipe... 36% Am Gas Sc E1..129 National Sugar. 33 1 a Am Lt & Tr.... 63% National Ay 14 Ark Gas (A)... 10% National Inv... 16 Aviation of Am. 42 Nat Screen 31% Braxil P & L... 44 Newmont Min.. 110% Can Marc .... 514 Nia Hudson Pwr U*% Cities Serv 29 Niles 30% Cons Gas 131% Noranda 26 Cord 7% Ohio Oil T*’Crocker & Wh . 20 IPantenec 3% Durant Mot 3 Penroad 13 El *c Bond Sh.. 93% Prince & Whtlv 11*~ Pckker 21 3 Salt Creek .... II 3 , Fcrd of Can 36 Sel Indus 7% Fcrd of England 16 Shenandoah 12 Ford of France. 11 iS*d of Ind 51*4 Fcx Theater... 10% Std of Ky 34V* Goldman Sachs 27 3 Stuta 2 Oils Oil 137% Transamerica .. 34 Hudson Bav... 8% Un Gas 31*4 Humble Oil ... 92% Un Gas tnewt.. 18% it Super .... 38% Un Lt Sc Pwr... 43% int Pete 20 Un Verde 10% Urn Oil 24 lUt In Ind 16 IMurine Midland 34 Ut Pwr 19% pddwcst Ut .... 30% Vacuum Oil 87V, New York Liberty Bonds —June 13— :* 100.JC Ist 4%s 102. 4th 4%s 102.20 Treasury 4%s US. 4s 108.28 3%* of '47 101.32

In the Stock Market

ißy Thomson A McKinnon i NEW YORK, June 13.—There appeared to be less nervousness today in the stock market, a better undertone developing as the session progressed. Pessimism seems to be subsiding. Business news of the day, however, continues to give no dew to the probable action of the market. Offsetting the return of price weakness in commodities is the interesting development that Russia contemplates taking a large tonnage of raw sugar. Injection of some life in this member of the commodity family, which has been so long in distress, gives rise to hopefulness that commodities may after all be scraping bottom, and a turn for the better in other departments not unlikely. Leading bankers and business executives do not seem to share in the current wave of gloom. They say business is not so bad and should occasion no misgiving as long as it does not grow worse. The lack of stability in the stock market is creating more doubt over the possibility of trade revival than anything that has developed in business. Admittedly many problems in business are yet to be solved. That a solution will be found there can be no serious doubt. Industry’ always heretofore has risen to the occasion and mastered its difficulties. The present situation should prove no exception. Insofar as the stock market is concerned when pessimism is so abundant it usually narks a turning point in price trends. In our opinion, it seems re i son able and logical to expect more stability, if not improvement, in the near future.

Produce Markets

Errs (Country Run)—Loss off deliverd in Indianapolis. 19c; henery quality. No. 1. 21c; No. 2. 16c. , . , Poultry (buying prices—Hen*. walghinß 4Va lbs. or over. 18c; under A l 2 lbs., 20c. Leghorn hens. 16c; springers. 2% lbs. or over. 27c; under 2% lbs.. 25c; Leghorn springers. 18019 c; old cocks, 9@loc: ducKS. full feathered, fat whites, 9c; geese. 6c. These prices are for No. 1 top quality quoted by Kingan & Cos. Butter (wholesale) —No. 1. 35936 c; No. 2. 33 <a 34c. Butterfat—3lc. Cheese (wholesale selling price per pound)—American loaf. 31c: pimento loaf, 32c; Wisconsin firsts. 27c; Lognhorns. 34c; New York Llmbcrger. 36c. Bu T'nitrd Press NEW YORK. June 13.—Flour—Dull and lower: spring patents, *5.80@6. p °hc— Qmet; mess, 832. Lard—Weaker; middle west spot. $10.30010.40. Tallow—Quiet; special to extra. sV*@s%c. Potatoes— Steady; Southern. J 2.5057; Main’. s2@ 4.25. VHICAGO, June 13.—Eggs Market, steady; receipts. 25.799 cases; extra firsts. 22 %c: firsts. 22c: current receipts, 20 %0 21c; seconds. 18c. Butter—Market, steady; receipts. 17,298 tubs; extras. 31%c; extra firsts, 290 30c: firsts. 28(T28%c; seconds, 30c: standards. 31%c. Poultry—Market. Steady to weak; receipts. 2 cars; fowls, 20c; springers, 28c: Leghorns. 15c: ducks. 13c; geese. 12c; turkeys. 18c: roosters. 13',ae; broilers. 22c. Cheese—Twins. 16% @ 17c; young Americas. 18c. Potatoes —On track. 306; arrivals. 68; shipments. 1.142: market, weak: southern sacked Bliss Triumphs, 53.5093.75: North Carolina, bbls., Irish Cobblers. $5. CINCINNATI. June 13.—Butter, steady: creamery In tub lots, according to score, 290 32c: common score discounted, 2@3c; packing stock. No. 1. 25c: No. 2. 15c: No. 3.12 c: butterfat. 28930 c. Eggs— Steady: cases, included; fresh gathered, 23' ic; firsts. 21c; seconds. 19c; nearby ungraded. 22'aC. Live poultry—Thin and coarse stock sells only at heavy discount. Fowls. 5 lbs. and over. 19c; 4 lbs. and over. 19c: 3 lbs. and over. 19c: Leghorns. 3 lbs. and over. 18c: roosters. 15c; broilers. colored over. 2 lbs.. 30c; broilers over I'4 lbs.. 27c; l’i lbs. and over. 24c: Leghorn end Orpington brotlers, over 114 lbs., 22c- l’i lbs. and over. 19c; broilers, partly feathered. 17©19c: black springers, 20c.

Indianapolis Stocks

—Julv 13-*-Bid. Ask. mer Central Life T ns Cos. ...1.000 ••- Belt R R & Yds Cos com 60Va 63 Vj •Belt R R & 3 Yds CO pfd.. 56 60 Bobbs-Merrlll Cos 30 33 4 Central Ind Pow Cos pfd 89 92*4 Circle Theater Cos com 106 Citizens Gas 27 ... Citizens Gas Dfd ■- 96*2 100% Commonwealth L Cos pf 749... 97 102 •Commonwealth L Cos pf 8%.. 98 ... Hook Drug Cos com new 24 28 Ind Hotel Cos Claypool c0m..125 ... Indiana Hotel Cos pref 101 105 Indiana Service Corn pref 86 ... Indianapolis*Gas Cos common.. 57 61*4 •Indpis Power & Lt Cos pfd...103'/a 10514 Indpls Pub Wev Loan As com.. 53 Indpis St Rv Cos pfd .. ..... 10 Indianapolis Water Cos pfd.... 99 ... •Interstate U S Cos pr 6% L pf 89 93 Interstate Pub Serv 7% ......}O2 103*4 •Northern Ind Pub 7% co pfd. .107 Metro Loan Cos 99 •Northern Ind P 5*4% co pfd.. 91 la .■ • •Northern Ind Pub 6 % co pfd 99 102 Progress Laundry Cos c0m.... 46 48 4 S Rauh & Sons Fer Cos pfd... .. Real Silk Hosiery M Inc pfd.. 96 ... Shareholders Investors C 0.... *4*4 ... Standard Oil Cos of Ind 51% ... T H I & E pfd 10 •Terre Haute Trac L Cos pfd. 1 5 Union Title Cos c0mm0n...... 43*4 • Van Camp Prod Cos Ist pfd. .. 98 Van Camp Prod Cos 2nd pfd. .. 98 •Ex-Dlvldend. —Bonds— Belt R R & stock Cos 5s 91 Broad Ripple 32 ... Central Indiana Gas Cos 55.... 99*4 ... Central Ind Power Cos 6s 98% ... Cttizens Gas Cos 5s 101 102 Citizens Street Railroad 55.... 42 43 Gary St Ry Ist 5s 65 Home TANARUS& T of Ft Wayne 6s. 101% ... Ind Northern Trac Cos 3*4 5*4 Ind Rv & Light Cos 6s 96 Indiana Service Corpn 5s ... 88 ... Indpis Power & Light Cos 55..100V2 101 Indiana Union Trac Cos 5s 7 ... Indnls Col & Trac Cos 6s 92*4 94 Indianapolis Gas Cos 55...... 100 Indpis & Mart Rapid T Cos 5s Indpis No Trac Cos 5s 10 ... Indpis North Western Cos 10% ... Indpis Street Ry 4s 29 30 Indpis Trac Ter Cos 5s 80% ... Indpis Union Ry 6s 100% .. Indpis Water Cos s'4s 102% 104 Indpis Wster Cos 5s 97% ... Indpis Water Cos lie & ref.... 98 .. Indpis Water 4',4s 93% 94',4 Indpis Water W Sec Cos 55.... 88 ... Iteistate Pub Serv Cos 4'4s 91% ... Interstate Pub Ser Cos 5s 98 Interstate Pub Serv 6*23 103 No Ind Pub Serv Cos 5s 101 ... No Ind Telegraph Cos 6s 97*4 100 T H Ind & East Trac Cos 55.. 64 T H Trac Light Cos 5s .. Union Trac of Ind Cos 65.... 18

In the Cotton Markets

(Bv Thomson & McKinnon) NEW YORK. June 13.—A holiday in Liverpool restricted business in cotton this morning. Selling by local traders started the market 10 to 15 points lower. The tone was not weak, however, and before the morning was over price gradually worked up to the previous close. Showery conditions prevail in the south. Beneficial so far. perhaps, but as the map seertis to change slowly, complaints of grassy fields are apt to come in next wek. A large short interest is thought to exist. If he crop is to have any good weather, June is counted on to supply it Textiles have reached a point where any change is more than apt to be for the better. The market was drifting about in the early afternoon about 5 points below Thursday's close. Average trader is convinced that the market must go lower. For the time oeing we think it a trading affair, dependent on the weather NEW ORLEANS —June 13— High. Low. Close. January 13.85 13.6i 13.63 March 14.07 13.77 13.77 Mar 13.88 1 3.86 13.86 July 14 30 13.99 14.05 October 13.73 13.44 13.45 December 13.87 13.58 13.61 NEW YORK High. Low. Close. January 14.03 13.82 13.82 March . 14.00 13.76 13.76 Say 14.13 13.81 13.92 July 14.85 14.31 14.40 October 13.96 13.69 13.69 December .. 14.07 13.85 13.88 CHICAGO High. Low. Close. July 14.30 14.10 14.10 October 13.82 13.54 13.55 December 13.73 13.70 13.71 NEW YORK COFFEE RANGE High. Low. Close .July f.1 5 7.66 7.75 September . 7.75 7.66 7.75 December 7.30 7.30 7.3S

STEEL SHARES AGAIN LEAD IN STOCK UPTURN

Industrials, Utilities Show Firmer Trend; Oils Move Up.

Average Stock Prices

Average of thirty Industrials for Thursday was 247.18. off 1.90. Average of twenty rails was 135.13. off .75. Average of twenty utilities was 91.22. off .43. Average of forty bonds was 95.26. off .10. Bit United Press NEW YORK, June 13.—The stock market rallied easily today after another sinking spell in early trading. Gains were made despite further weakness in commodities, with wheat and cotton futures at new lows for the season. Trading in stocks was at a low ebb, about a million shares under Thursday’s level. Tickers were able to print sales of inactive issues throughout the session, Close Is Strong Best prices of the day were achieved in the last half hour. Shortly after 2:30 United States Steel touched 166, up 3 points net; Auburn Auto 130, up 3; Radio Corporation 43 Y2, up 2Li; Westinghouse Electric 156 Li, up 4%; Coca Cola 182%, up 5% ; Consolidated Gas 122%, up 2%; Standard of New Jersey 72%, up 1%. These prices were shaded slightly by profit-taking just before the close, but the list continued to present a firm tone. Call Money Easy Call money held at 2Vi per cent all day on the Stock Exchange and supplies were so plentiful that the rate was shaded in the outside market. Sales totaled 2,221,900 shares, compared with 3,901,250 shares on Thursday. According to preliminary calculation the Dow, Jones & Cos. industrial average increased 2.01 to 249.15 and the railroad average .05 to 135.18.

Chicago Stocks ' )3* Jazne* T. Hair"l & Co.' TOTAL SALES. 520.500 SHARES —June 13—

High. Low. Last. Allied Motor Ind 12% 12 12*4 Amer Equities 10% Art Metal Works 14*4 14% 14% Associated Apparel 37 Assoc Telephone Util. 23% 23*4 23*4 Atlas Stores 30 28*4 30 Auburn Automobile ....130 127 129 Backstay-Welt 27% 27 Vi 27% Banco Kentucky 23 Bendix Aviation 35V* 35 35% Sinks Mfg 27% 27 27% Borg-Warner 35 34 34*4 Brown Fence & W (A) 2474 Burnham Trading .... 10% Butler Bros 9Vi Cent 111 Securities .... 27 27 Cent Pub Serv Class A 35% 3 1 % 35% Cent <fe So West 24 Chicago Corp 13 12% 13 Chicago Corp pfd 40% 40% 40% Cities Service 29% 29% 29% Club Aluminum 4 Commonwealth Edison 294*4 291 291% Construct Materials 16% 1574 1574 Construct Mat pfd .... 4039 Vi 39Vi Cont Chi ctfs 17 16% 17 Cord Corp * 8 7*4 8 Corp Securities 24 23 24 Cont’l Chic pfd 46 45% 46 Electric Household 51% 50% 5174 Electric Research Lab... 174 .... Gen Theater Equip 36 Vs 34*4 35% Gleaner 30 29 29 Great Lakes Aircrawt.. 5% Gricsby-Grunow 22% 21 2174 Harnischfeger 26 Houdaille-Hershey A 22 ... ... Houdaille-Hershey B 14; 147* 14% Insull Util Invest 61 60 V* 61 Ins Util Invest pfd ex-w 93% 93',* 9374 In Ut In p2dsr bd 6%.102% 192_ 102*4 Iron Fireman 2674 25% 26 Kel Switch com 5Vi 5 5% Lehman Corp 14% 14 14% Lion Oil Refining C 0... 23*4 Lvnch Glass Ma 21 ... ... Manhattan Dearborn .. 337* 33 3374 Middle West Util (New) 31 2974 30% Midland United 2774 27 27% Missouri Kan Pipe Line 36V4 36 74 36% Modine 56* 2 5674 56% Midland United pfd ... 44% 44 4474 Midland United Warr.. 3%33 3% Majestic Prod 5974 5674 5974 National Repub Inv ... 45*4 45 45*4 Noblitt Sparks 49 North American Car .44 North Amer Li & Pwr. 70% 6974 6974 No & So Amer Corp .. Pines Winterfront ..... 287 b 28 28% Reliance Mfg Cos 10% 10 10 Seabd Utilities Shares. 674 6*4 674 Standard Dredging Cos. .19 Steinite Radio 2 174 2 Stone H O & Cos 11 8% B*4 Super Maid 22 217 b 22 Stmt & Cos 307 b Swift International ... 3474 Unit Corporation 177 b 17 17*4 U S Radio & Tel 18 177 b 18 Utah Radio 7% Utility & Ind 1574 15*4 1574 Utility & Ind pfd 23% 23 23 Wextark Radio 1274 11 1274 Wieboldt Stores 34 Winton Engine 61 60 61 Zenith Radio 11 1074 11

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Friday. June 13. were *3.998,000: debits. *7.516,000. CHICAGO STATEMENT Bit Vnited Press CHICAGO, June 13.—Bank clearings. *100.000,000; balances. *10.300.000. NEW YORK STATEMENT Bu Vnited Press NEW YORK. June 13.—Bank clearings. *1.506.000.000: clearing house balance. $231,000,000: federal reserve bank credit balance. $190,000,000. TREASURY STATEMENT Bu Vnited Press WASHINGTON. June 13.—Treasury net balance on June 11, was $58,263,209.25; customs receipts for the month to that date totaled $15,143. 135.50; government expenditures on June 11. wer $11,206,612.14.

New York Bank Stocks

—June 13— Bid. Ask. America 112 114 Bank of United States.... 52 53 Bankers 141 142 Brooklyn Trust 745 755 Central Hanover 367 371 Chase National 147 148 Chemical 65 66% City National 165% 167 Corn Exchange ......... 189 191 Commercial 485 490 Continental 31 32*. ~ Empire 84% 86 First National 5.300 5,400 Guaranty *93 696 Irving $3% 54 Manhattan <k Cos 118 119 Manufacturers 110 112 New York Trust 2;9 262 Public IJ2 114 Chelsea 45 48

Investment Trusts

(By James T. H&mmili) —June 13— Bid. Ask. Basic Industry Shares 8% 9V. Corporate Tmst Shares B’, 9% Diversified Trust Bhares A 23*4 ... Diversified Trust Shares B 19*2 20’. Diversified Trust Shares C.. 8% 8 1 , Fixed Trust Shares A 9* 9% Fixed Trust Shares B 20*4 ... Investment Trust of New York 9% 10% Leaders of Industry 11 11% North American Trust Shares. 9*4 9% Standard Oil Trust Shares ... 9% 10% S. W. Strauss Inv. Units 52 58 Selected Amer Shares 7Vi B*s Trustee Stand Oil Shares B 10 10% U S Elec 8S Pow Bhares A .. 39 41 C S Elec & Pow Shares 8... 10V* 11% RAW SUGAR PRICES High. Low. Close. January r 1.80 1.59 1.80 March 1-87 1.65 1.66 May 1-74 1.71 1.74 July 1.40 1.37 1.40 September 1.47 1.46 1.47 December 1.f.7 1.58 1.57

.THE INDIANAPOLIS TIMES

Business — and — Finance

The regular /semi-annual dividend of $3 a share was declared on the stock of the Bankers Trust Company by the directors in their June meeting held Thursday. The dividend is payable June 30 to holders of record on June 14. Illinois Water Service Company, a subsidiary of Federal Water Service Corporation, reports gross revenues of $644.585 for the year ended April 30, 1930, as compared with $603,728 for the preceding twelve months. Operatlng expenseS; maintenance and taxes, other than federal incor.’.t tax. totaled $337,690, as against. $315,247. Gross income amounted to $306,095, which compares with $288,480 for the year ended April 30, 1929. Director* of the American Maize products Company Thursday declared regular quarterly dividends of 50 cents a share on the common stock and 1% per cent on the preferred stock, payable June 30 to stockholders of record June 14. F & W Grand 5-10-25 Cent Stores. Inc., for May reports gross sales of $1,839,861 against $1,687,557 for May. 1929. an Increase of $152,283 or 9 per cent. For the five months ended May 3i .1930. sales *lve months ended May 31. 1920, an increase of $740,868 or 10.2 per cent. The International Telephone and Telegraph Corporation reports that cable and radio messages sent abroad last year cost Americans $36,000,000. according to The Business Week. Approximately 90 per cent o 1 these calls are for business purposes. Western Union claims to handle 44 per cent of the present daily average of 51,000 trans-Atlantic messages. Other companies handle another 43 per cent. Isaac Silver and Bros. Company, Inc., for May reports gross sales of 5715,160 against $566,427 for May, 1929, an increase of $148,741 or 26.2 per cent. For the five months ended May 31, 1930, sales totaled *3,100.290 against $2,553,912, an Increase t f $546,377 or 21.3 per cent. Directors of The Perfect Circle Company have declared the regular quarterly dividend of 50 cents a share on the common stock, payable July 1. to stockholders of record June 20. Directors of Mock, Judson, Voehringer Company. Inc., have declared the regular quarterly dividend on the preferred stock of $1.75 per share, payable July 1, to stockholders of record June 15. The American Department Stores Corporation. operating seventeen retail department stores throughout the country, reports sales for May. 1930, amounting to $1,000,944, an increase of $5,292, or 5-10 of 1 per cent, as compared with May, 1929. For the first five months of 1930 total sales amounted to $3,982,771, as compared with $3,996,081 for the corresponding period of 1929, a decrease of 3-10 of 1 per cent.

Dow-Jones Summary

General Water Works and Electric for four months ended April 30. 1930. reports net after expenses $1,244,077 before depreciation taxes, etc., against $1,202,744 in same period a year ago. Twelve months $4,168,585 against $4.0j4.693. American Brown Boveri Electric decla r ed regular quarterly dividend of $1.75 on preferred, payable July 1, record June 20. Bank of United States declared regular quarterly dividend of 50 cents, payable July 1, record June 18. Bankus Corporation passes dividend which was 50 cents in three months and $1 previous thereto. Places units of stock on $2 annual basis against $4 three months ago ar.d $6 six months ago. Daily average volume of federal reserve bank credit outstanding in week ended June 11, was $994,000,000 decrease of $41,000,000 from previous v eek and $294,000,000 below same week of 1929. Bank of Poland reduced its discount rate to 67b per cent from 7 per cent. German steel makers have voted reductions for semi-finished iron and steel products ranging from 4 to 7 marks a ton or about 2.7 per cent to 3.3 per cent. International Telephone and Telegraph Corporation and associated companies for first quarter earned 57 cents a share minimum, 5,871.821 shares, against 38 cents a share on equivalent of 5,001.386 present shares in like 1929 quarter. Regular dividend declared. Four mills of America, Inc., declared regular quarterly dividends of S3 on preferred, parable July 1. record June 14. Liverpool cotton market closed today and Saturday. Whitsuntide holidays. Reopen Monday. Mortgage Bond Company declared regular quarterly dividend of $2. payable June 28. record June 20. Copper Exporters, Inc., reduced price of copper to 13 cents a pound from 13.30 cents c. i. f. European base ports. Notice received by stock exchange from Virginia Electric and Power Company authorized 3,500,000 coiftmon shares of nopar value and 260,000 shares $6 perferred stock of no-par value. Each present share of 7 per cent preferred stock to be exchanged for 1 1-16 shares of $6 /-referred. Each share of $6 preferred to be exchanged for one share of $6 no-par preferred. Each share of common to be exchanged for five shares of new common stock. General refractories notified stock exchange of proposed increase in authorized capital stock to 600,000 shares from 300.000 shares. Electric Power and Light stockholders to vote at special meeting June 24, on proposal to increase authorized number of shares to 7.020,000 from 4,020,000. New authorized amount to comprise 800,000 shares of $7 preferred. 1,000,000 shares $6 preferred 1,006,000 shares $5 preferred, 120,000 shares second preferred, 1.000,000 shares preferred, 120,000 shares second preferred stock series A. 100.000 shares second preferred series AA and 4,000,000 shares of common. O. P. Van Sweringen elected director and chairman of board of various subsidiary lines of Missouri Pacific system. Merck & Cos. elects Walter E. Sachs of Goldman Sacs & Cos., a director, in place of Waddill Catchinßs resigned. Craman & Cos. and subsidiaries quarter ended March 31. net profit $68,564 after charges and taxes against $94,101 in first quarter of 1929. Production of pneumatic casings in United States in April 6,024.045 against 5.187.970 month ago and 7,883.805 in April. 1929, according to Rubber Manufacturers’ Association. Shipments in April 5.429,096 against 5,031 820 in March and 7.294,872 in April, 1929. Inventory at end of April 13,948.277 against 13,408.970 previous month and 16,929,077 same time last year Other Livestock LOUISVILLE. Ky. June 13.—Hogs—Receipts. 500: maricet, 10c higher: 250 lbs. up. $9.70: 165-250 lbs.. $10.30; 130-165 lbs.. $9.50: 130 lbs. down, $7.50; roughs. $6.95; stags. $6.35. Cattle—Receipts. lOO: market, dull: prime heavy steers. $10(311; heavy shipping steers. $8.50© 10: medium and nlain steers. [email protected]: fat heifefs. S7O 10.25: good to choice cows. s6@7; medium to good cows. $4.5036; cutters. $404.50: canners. *33.50: bulls. ss®7; feeders. $7.50 9.50: Stockers. $5.50© 7.50. Calves—Receipts. 330; market, steady: tops. 58.59@9; good to choice. $6.50 0 8.50: medium to goods. 50©6.50: outs. $4.50 down. Sheep —Receipts. 1.200: market, steady: ewes and wether lambs. $11: buck lambs, $10; seconds. $6.50 07: clipped sheep. $3.50 0 4.50. Thursday's shipments—Catt'e, 58: calves, rone: hogs. 141: sheep, 2.924,

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New York Curb Aasociation Rooms 200-214 Circle Tower Telephone Lincoln 55tJ

PORKERS RANGE SLIGHTLY DOWN AT CITY YARDS Cattle Unchanged at Week’s Severe Decline; Hold Steady. June Bulk Top Receipts 6. $10,350(10.45 $10.50 7.000 7. 10.350 10.45 10.50 3.000 9. 10.45010.55 10.55 5.000 19. 10 25 10.25 8.000 11. 10.20 10.25 6.000 12. 10.35 10.40 5.000 13. 10.30010.35 10.35 6,500 A weaker tendency swayed prices in hogs at the city stockyards this morning, the trend ranging from steady to 5 cents lower. The bulk, 160 to 300 pounds, sold for $10.30 to $10.35, $10.35 representing the top figure. Receipts were estimated at 6,500, holdovers were 289. Cattle weic steady at the week’s severe decline, receipts were 500. Veals held unchanged with good and choice lightweights selling at $10.50 to sll. Calves receipts were 700. Sheep were strong, receipts numbering 600. Better grade lambs brought sll to $11.50. Chicago hog receipts were 11,000, including 3,500 direct. Holdovers were 6,000. Today’s market was 10 to 15 cents higher than Thursday’s average. Choice 150 to 240-pound weights went at $10.15 to $10.25; 300 pounders $10; packing sows, $9.25 to $9.40. Cattle receipts were 1,500; sheep, 5,000. —Hogs— Receipts. 6,500; market, lower. Heavies. 800 lbs. up $ 250-300 lbs i 19.30010.3;) Med. wts.. 225-250 U& [email protected] 200-225 lbs 10.30# 10.35 Light wts..' 160-200 lbs Packing sows 8.20(u> —Cattle— t Receipts, 500; market, steady. Beef steers. 1,100-'..500 lbs. - r . good and hcoice Common and me&ium 7.50 0,10.50 Beef steers, 1.100 lbs. down. good and choice Cmrnon and medium • • [email protected] Heifers. 850 lbs. down, good o . nCTin - n Comomn and medium 6.000 9.50 Cows, good and choice 7.20@ 8.50 l“ cuuer n andTutter:!!!! ’ Hit Ul St °and Cr chofce feed * r . Ste " S .'. * 8.75010.00 Common and medium 6.50® 8.73 —Vcalers — Receipts. 700; market, steady. Medium and choice $ jj'SJSSi'i'nn Cull and common 4.500; 8.00 —Sheep— Receipts, 600: market, steady. Lambs, good and choice 51 9'r,n?1 in'en Common and medium Ewes, medium to choice .... 3.-.J®! *•?" Cull and common 1.0001 J.ou

Other Livestock Bu Vnited Press CHICAGO, June 13.—Hogs—Receipts, 11.000, including 3,500 direct; mostly 10@ 20c higher than Thursday’s average; a shippers and smal packers market; hogs mostly sold; top, $10.30 paid for several loads 170-210 lb. weights; butchers, medium to choice. 250-350 lbs., [email protected]; 200-250 lbs.. $9.90® 10.30; 160-200 lbs., $9.90 ©10.30; 130-160 lbs., $9.60©10.30: packing sows. $8.90©9.60; pigs, medium to choice. 90-130 lbs.. s9© 10. cattle—Receipts. 1,500, calves, 1,000; market, slow, steady with week's ueven and sharp downturn; most fed steers today slo© 10.75: no strictly choice offerings here; slaughter classes, steers, good and choice, 1,300-1,500 lbs., $11.25© 13.25; 1,100-1,300 lbs. $10.75® 13, 950-1.100 lbs., $10.50@13; common and medium, 850 lbs. up, [email protected]; fed yearlings, good and choice, 750-950 lbs., $0.50©! 12.75; heifers, good and choice, 850 lbs down, $9.50011.50; common and medium, $6.50 09.50; cows, good and choice, [email protected]; common and medium, $5.20® 7.25; iow cutter and cutter, $3.750 5.50; bulls, good and choice beef. $7.40®9; cutter to medium, [email protected]; vealers, cull and common, s7@9; stockers and feeders, steers, good and choice, all weights, $9.75 ©10.75; common and medium. $7.2509.25. Sheep—Receipts 5,000; market, strong to 25c higher; sorted natives, sl2; few $11.50 down; fiinished 95 lb. yearlings, $10; fat ewes, mostly $303.25, a few $3.50. Lambs, good and choice, 92 lbs. down. sll.oO® 12 35; medium, [email protected]; cull and common, s7©9; ewes, medium to choice, 150 lbs down) [email protected]; cull and common, $1 @2.75. Bit Vnited Press CLEVELAND, June 13.—Hogs—Receipts, 1.100; holdovers, none; pigs, 15c higher; 150-210 lbs., $10.65© 10/(5; 220-250 lbs., $10.65; 250-300 lbs.. $10.40; pigs, $10.25. Cattle—Receipts, 150; outlet for numerous loads low grade steers in holdover supply, extremely narrow; few. s6©7; cows about steady; low cutters, downward to $4 and under; calves, receipts, 350; vlears, 50c lower; weighty grass calves, very dull, off form; most vealers $11.50 down; few, sl2; medium, $10.50 down. Sheep—Receipts, 500; little on sale; few lambs quoted steady; quality considered. Bu Vnited Press PITTSBURGH, June 13.—Hogs—Receipts. 1,500; market, unevq*, strong to 10c higher; pigs, 25c lower; 150-210 lbs., slo.7o©} 10.75; 220-250 lbs., $10.50©10.65; 100-140 lbs., slo© 10.25; sows, $8.5008.75. Cattle —Receipts, 25; market, unchanged; calves receipts, 100; market slow, steady; top vealers, $11.50. Sheep—Receipts, 250; market weak to 50c lowei; bulk lambs, slo©} 11; sorted kinds, quoted, $11.50; yearlings, $708.50; aged wethers, $406. Bu United Press EAST BUFFALO, June 13.—Hogs—Receipts, 2,00; holdovers, 700; steady on 150 lbs. up; light lights and pigs, strong to 25c higher; desirable, 160-250 lbs., mostly $10.75, 260-300 lbs., *[email protected]; 120-150 lbs., $10.50010.75; pigs, mostly $10.50; cows, steady at mostlv s9© 9.50. Cattle— Receipts, 300; slow, weak to mostly 25c lower, some cows of more; a few common and medium yearlings, $9.75; best cows, $6.50®7.50; cutter grades, $3,500,6; calves, leceipts. 750; steady; good to choice veafers, $11.60012; medium and plainer grades, $8.50© 10.50. Sheep—Receipts, 1,200; good to choice handy weight lambs and yearlings, steady plainer grades and ewes, unevenly lower; better grades hanayweight lambs, $12012.50; good yearlings, $10; most ewes, $4 down. Bu United Press EAST ST. LOUIS. 111., June 13.—Hogs— Receipts. 10,000: market strong to 5c higher: later trade slow; bulk 16C-250 lbs.. $10.15010.25: top. $10.30; most sows. $9©9.15. Cattle —Receipts. 800. Calves—Receipts. 600: market, trading on cleanup basis at around steady prices; vealers. $10.50: not enough other classes to warrant auoting. Sheep—Receipts, 1.000: market, steady; bulk, better lambs, $11: medium grades, $9010; clipped ewes. *4 down. Bn Vnited Press FT. WAYNE. Ind.. June 13.—Cattle—Receipts. 125: calves. 100; hogs, 600; sheep. 250. Hog market. 10c lower; j9O-110 lbs.. $9.15: 110-130 lbs.. $9.40: 130-150 lbs., $9.65: 150-160 lbs.. $9.80: 160-180 lbs., $10: 180200 lbs.. $10.10; 220-225 lbs.. $10; 225-275 lbs.. $9.90: 275-300 lbs.. $9.75: roughs. $8.25; stars. S6: calves, $10.50; spring lambs. $10; yearling lambs. $7.50. Bit Vnited Press CINCINNATI. June 13.—Hogs—Receipts. 39.655; including 765 direct; heldover, 140; good and choice butchers. 170-250 lbs.. $10.35© 10.60 around 10 cents higher; heavy butchers. 250-300 lbs. slow. [email protected]: light lights and pigs. 120-160 lbs., mostly $10; bulk sows. [email protected]. Cattle—Receipts, 275: calves. 350: semi-demoralized; sales at week's full $1 decline on al classes except good dry fed steers and yearlings which were 50c or more ofi; few grass cattle. s7©B: medium to good fed yearlings. $10.35: beef cows, $5©.6.50: few. $7: low cutters and cutters mostly $3 @4.50: bulls. $5.50®7: vealers. 50 cents lower: bulk better grades $9.50@10: undergrades. s7@3. Sheen —Receipts, 1.800: steady: undertone m'eak. better grade lambs. $10011: choice scarce: undergrades. $7(58.50: best handy weight ewes. $304; common ewes and aged bucks down to 81.

New York Stocks ■■■ (B* Thornton * McKinnon) —————

-June 13- prey Railroad*— High. Low. Close close. Atchison 218 210 216% 216 Balt C & aS Ohio ne '.'.l6B i05% 108 107 Chesa dt 0hi0..183 180 i|l 182 Chi Grt West.... 12 11% 12 12% Chi N West.... 761 ■ 75 76% 78% CRI&P ... 106% 106 Del L & W.... 117 115% 115% 115% Del & Hudson.. .. 167 164’* Erte . 40 38% 40 39% Erie Ist pfd 61% 61% 61% 63 * Great Northern . 88 87 88 86% Gulf Mob ds OU 3a 35 Illinois Central, .123% 122% 122% 122% Kan Citv So ... 69% Lou dc Nash ....136 133 133 138 M K dr T 44% 42% 44 43 Mo Pacific ..... 75% 73% 7a% 73% Mo Pacific pfd. .. ... 125% 126 N Y Central 167% 165 166% 167% Nickel Plate ... 708 108% NY NH & H... .110% 107% 110% 108% Nor Pacific ..... 77 76% 77 76 Norfolk dc West .. ... 228 230 q & yj ... ... 11% Pennsylvania ... 75% 74% 78 74% Reading ... HI 111% So Pacific 116% 113% 715 117 Southern Ry ...107% 106% 106% 107 St Paul 17 15% 16 16 St Paul pfd 26% 25% 26% 25% St L & S F 104% 10S Union Pacific ..220% 220 220 220 Wabash 40 39 40 39% W Maryland ... 26 24% 26 24% Equipments— Am Car dr Fdy.. .. ... ... 53 2 Am Locomotive. 54 53'a 54 56% Am Steel Fd 41% 40 Vs Am Air Brake S ... 44 Gen Am Tank .. 98% 96% 98 100% General Elec ... 76% 72% 75 73 * Gen Ry Signal.. 86 85 86 85% Lima Loco 28% 28 28% 27,a Man El Sup 11% 11 11% 11% N Y Air Brake 40# Press Stl Car ■■■ 7,s Pullman 70 68% <0 *0 Westingh Ar B. . 40% 4040% 40% Westingh Eleo ..157% 151'% 156% lolVs Rubbers— Firestone 21% 21% 21% 31 Vs Fisk 32% 2% 3 Goodrich 34% 32Vi 34 34% Goodyear 75% 72% 74 73% Kelly Sprgfld .. 4% 4% 4% 4Vi Lee Rubber 6 6 U S Rubber 25% 24% 25% 25 Motors— Auburn 130 121 % 130 127 Chrysler 31% 30 31% 31 Gardner 3% 33 3% General Motors 46 ’4 44% 45'/s 44% Graham Paige.. 7% 7% 7% 7 3 i Hudson 36 35',a 35% 36 Hupp 16% 16 16 Vi 16% Mack 65% 62% 63% 65% Marmon 13 10% 13 13% Nash 37 35% 37 37% Packard 15% 14% 15% . . Pierce-Arrow 2a Reo 9% 9 9% 9Vs Studebaker .... 31% 30% 31 31 Yellow Truck... 27% 23% 26',a 24% Motor Access — Am Bosch 33% 33% Bendix Aviation 36 34% 35% 35 Borg Warner ... 34% 33% 34% 34% Briggs 18% 18% 18% 18% Budd Wheel .... 2C% 25 26% ... Eaton 26% El Storage B ~ 69% Hayes Body .... 7% 7 7% 7% Houda 15 14% 14% 14% Motor Wheel ... 24% 24 24% 24% Sparks W 21% 20% 21% 21% Stewart Warner 26% 23 26% 26% Timken Roll 65% 64% 65% 66% Am Metals 37 36% 36% 37 Am Smelt 67% 66% 67% 66% Am Zinc 9 8% 8% 9 Anaconda Cop.. 54% 52% 53 55 Cal & Hecla .... 16% 16% 16%■ ' 16% Cerro de Pasco. 50 49% 49Vi 50 Freeport Texas.. 46% 44% 46% 45Vi Granby Corp ... 29 28% 28% 29 great Nor Ore 20% owe Sound 31% 3i% 13% 31% Int Nickel 26% 26 26% 26>,i Inspiration 17 Vi Kennecott Cop.. 43% 42% 42% 43% Magma Cop 33% 34% Miami Copper .. 19 18% 18% 19% Nev Cons 18% Texas Gul Sul.. 58V4 55% 56 54% U S Smelt 22 21% Oils— Amerada 26% 26 % 26% 26% Am Republic... 22 20Vi 22 20 Atl Refining 38% 37% 38% 38% Barnsdall 24% 23% 24 23% Beacon 13% 12% 13% .... Houston ........ 95% 90'% 93% 9i% Ind Oil 23% 23% 23% 23 Indian Refining.. 14% 13V* 14% 13% LagO Oil 24 23 24 23 Mex Sbd 24% 23 23% 23% Mid Conti 26% 26 28% 26 Pan-Amer (8)... 57% 57 57% 57 Phillips 33 V* 32% 33 33 V* Pr Oil & Gas... 41% 40% 40% 40% Pure Oil 22'4 21 Vi 21 ‘,s 22Vi Richfield 19% 18% 19 19% Roval Dutch 51% 51% 51% 50%

First American Corporation (AN INVESTMENT COMPANY) SHARES First American Corporation invests its funds under experienced management in a carefully selected and diversified list of securities. The investment policy of the Corporation basically contemplates a relatively permanent (as distinguished from a trading) position in those securities which may be selected for investment, unless underlying economic conditions in an industry, or changing conditions with respect to companies in that industry, indicate that a sale or substitution for some of its holdings is desirable. No additions to the list of companies whose securities are owned by the Corporation can be made without unanimous vote at a meeting of the Board of Directors. INVESTMENT PORTFOLIO The portfolio of the Corporation consists of common stocks of the following leading units in expanding industries of the United States: Air Reduction Company, Incorporated International Harvester Company Allied Chemical & Dye Corporation National Biscuit Company American Can Company National Dairy Products Corporation American Gas & Electric Company New York Central R. R. Company American Radiator & Standard Pacific Lighting Corporation Sanitary Corp. Pennsylvania Railroad Company American Telephone & Telegraph Cos. Procter & Gamble Company American Tobacco Company Public Service Corporation Atchison, Topeka & Santa Fe of New Jersey Railway Cos. Pullman, Incorporated Columbia Gas & Electric Corp. Sears, Roebuck and Company Consolidated Gas Company of New York Standard Oil Company (New Jersey) Corn Products Refining Company Union Carbide & Carbon Corporation Electric Bond & Share Company United Gas Improvement Company Electric Power & Light Corporation United States Steel Corporation First National Bank of New York, N. Y. Vacuum Oil Company General Electric Company Westinghoute Electric & Home Insurance Company Manufacturing Cos. Humble Oil and Refining Company Woolworth (F. W.) Company SUPERVISION The management of the Corporations funds is controlled by a Board ft Directors consisting of the following: Harry A. Arthur Herbert V. Grindal Vice-President of F. A. Willard & Cos. American International Corp. President, First American Corporation Samuel T. Bledsoe Frederick J. Leary General Counsel and Director, Atchi- Vice-President •on, Topeka & Santa Fe Railway Cos. Central Hanover Bank & Trust Cos. Sir Max J. Bonn, K. B. E. Jo3 e P h S. Maxwell Director, Hclbcrt, VI agg & Cos., Ltd., Vice-President Investment Trust Managers, London The New Y ork Trust Company James Bruce v . „ ~ . Sumner T. Pike Vicc-rresident . The Chase National Bank Vice-President and Director, ~ „ Case, Pomeroy & Cos., Inc. Matthew C. Brush j President Matthew S. Swan American International Corporation President r* nT p, Dennett Tbs New York Edison Company Director Frank A. Willard First National Bank of Boston of F. A. Willard & Cos. GENERAL The capitalization of First American Corporation consists of one class ft voting Common Shares, without par value. There are no warrants •r options with respect to this Common Stock in existence. Price (iVote Approximately $11) Determined Daily From Met Liquidating Value Per Share Fletcher American Company Affiliated uith The Fletcher American National Bank statements contained herein are received from sources believed to be reliable but are not zuaranteed

Sihell Un 20% 20 20 20% Simms Pt 22 216 21 21 Sinclair 26 24% 25% 25% Skeliy 32% 31% 32% 32% Standard of Cal *5% 64% 65% 64 s * Standard of N J 72% 70% 72% 71 Standard of N Y 34 33 34 33% Texas Cos 53% 53% 53% 53% Union Oil 42% 42% 42% 42% Stels— Am Roll Mills.. 65% 62 s . 64% 65 Bethlehem 90% 87% 90 s * 88 Byers A M 86% 83 84% 83 s , Colo Fuel 59 s * 57 s*l. 58, Cruc Steel 75 74% 75 74’. Ludlum 32 29% 32 29% Midland 32% 30 30 s . 33 Newton 36 35 35 34% Repub I& S 51% 50% 51% 51% U S Steel 166 162% 165 163 Vanadium 93% 90% 93 s * 92% Youngst S & W 36% 37V. Tobaccos— Am Sumatra.... 12% 12 12% 12% Am Tobacco (A) 240 Am Tob (B) 250 248 250 246% Con Cigars 41 ... General Cigar.. 49 s * 49 49 ... Lig & Myers (B> 97 96% 96% 95% Loriliard 21% 20% 21% 20% Phil Morris 11 11 Reynolds Tob .. 50% 50% 50 s * 50% Tob Pr A 10% 10% Tob Pr B 4% 4% United Cig ..... 7% 7% 7% 7% Utilities— Abitibt 28% 23 Adams Exp 27% 26% 27 s * 27% Am For Pwr ... 76% 71% 74% 73 s * Am Pwr & Li... 94% 90% 93% 93% AT&T 218% 214% 217% 216 Col Oas &El ... 73% 72% 73 s . 74 Com & Sou 15% 15% 15% 15% El Pwr &LI ... 81’. 77% 79% 79% Gen Gas A 11% 10 s * 11 11% Inti TANARUS& T .... 54 52% 53% 54 Natl Fwr & Li. 42% 41% 42% 41 Vi No Amer Cos . . .112% 109 110% 111 Pac Gas & El 60’, 63 63% 63% Pub Ser N J ....105 101% 104 104% So Cal Edison .62 61% 62 61% Std G & El ...107% 104% 105% 104 United Corn .... 39 37 39 37% Ut Pwr & L A 36% 35% 36% 36 West Union 173 172 173 170% Shipping— Am Inti Corp... 39 37 38% 38% Inti Mer M pfd. 23 22% 23 23 No Gm Llovd 52% ... United Fruit . . 89 87% 88 88% Foods— Am Sug 58% 58 58 58% Armour A 5% 5% 5% 5% Beechnut Pkg 52 Cal Pkg 68 67 Can Dry 63% 63 63% 63Vi Childs Cos .... 64Vi 63% 64% 63 Coca Cola 181% 177 181% 177V4 Cont Baking A .. 24% 24 24% 24% Corn Prod 101% 99 101% 100% Cudahy Pkg 14 Cuban Am Sug.. 6% 6% 6% 6% Gen Foods 57 % 56% 56% 55% Grand Union . . 13% 12% 13% 14 Hersey 99% 96 99% 99% Jewel Tea 52% 50 52% 51% Kroger 26 5 , 27% 27 s * 28 s , Nat Biscuit .... 85 s . 83 85Vi 84% PUlsbury 30 30 Safeway St ... ... 90% Std Brands 21 20 21 20% Ward Bkg 8% BVi Drugs— Coty Inc 19% 18 18% 16% Lambert Cos ... 87% 85 87% 87 Lehn & Fink 26 Industrials— Am Radiator ... 28% 27% 27 s , 28V* Bush Term 30% ... Certainteed .... 7% 7% 7Li 8 Gen Asphalt ... 52% 50% 52 s . 51 Vi Lehigh Port ... 33 32% 32% ... Otis Elev 68% 66% 68% 63 Indus Chems— Allied Chem 291 289% 291 289 Com Solv 26 s ; 25% 26% 25% Union Carb .... 77% 75% 77 76% U S Ind A1c0... 77V* 75 75 77% Retail Stores— Assoc Dry Gds.. 39% 37Vi 39V, 37% Gimbel Bros ... 14% 14% 14% 13% Xresge S S .... 29% 29V, 29% 29% May D Stores .. 49 48% 48% 48% Mont Ward .... 41% 39% 41% 41% Penny J C 63% 62% 63% 61% Schulte Ret St.. 8% 8 8 8 Scars Roe 59’, 57% 58% 59V% Amusements— Bruns Balke 16 Col Graph 21 Vi 20% 21 20% Croslev Radio... 14 12% 14 13% Eastman Kod ..226% 218 224 219% FFox Film A ... 46% 42% 45% 44% Grigsby Gru ... 22% 20% 21% 21% Loews Inc 77 71 77 74% Paratn Fam .... 63% 61 Vi 63% 63 Vi Radio Corp .... 42% 40% 42% 41 R-K-O 33% 31% 33 31% Schubert 18% 18 18% 18% Warner Bros ... 52% 48Vi 51% 49’/, Miscellaneous— Airway App .... 25% 25 25 23% City Ice & Fu 41 41 % Congoleum 12% 12% 12% 13 Am Can 136% 131% 135'.. 132

PAGE 11

WARNS DRIVERS AND CHILDREN TO USECAUTION Summer Traffic Hazards Are Increased as 60,000 Leave School. Summer traffic hazards were increased Friday as 60,000 school children, dismissed for summer vacation. left the schools for streets, playgrounds and parks. Chief of Police Jerry Kinney warned children and parents to observe safety rules strictly to keep deaths from accidents at a minimum during the summer months. *’l want drivers, who in many cases are more responsible than the pedestrian, to take special care to protect the lives of our children,” the chief declared. Warnings for children to keep away from dangerous water points and to refrain from playing in the streets were reiterated by police and safety officials. Opening of th>i forty-two city playgrounds Monday with well organized and supervised opportunities for play were recommend as the best medium of recreation for children. LONDON TALKS TO YUMA; WRONG NUMBER World’s Long Distance Record for Phone Error Claimed. Bu United Press YUMA, Ariz., June 14.—Tlie world’s long distance record for wrong numbers was claimed here today by Frank J. Gilmore, who told the man at the other end of a 6,000mile telephone line that he had the ‘‘wrong number.” Gilmore, prominent Yuma citizen, was called from London concerning the marriage of Ruth Jane Mix, daughter of Tom Mix, movie cowboy. After a few questions, the Londoner asked: “Well, now, aren’t you Douglas Gilmore who married Ruth Jane Mix, daughter of Cowboy Tom Mitf* “No, you’ve got the wrong number,” Gilmore replied. FUND TOTALS $7,100 Contributions to Police and Firemen’s Funtl Mount Rapidly. Contributions to the Police and Firemen's Emergency Fund today totaled $7,100, following the mailing of a third letter soliciting funds. Henry L. Dlthmer, chairman of the committee of business men who sponsored the direct mail drive, expressed satisfaction over the voluntary gifts. Funds were raised by a circus