Indianapolis Times, Volume 45, Number 30, Indianapolis, Marion County, 15 June 1933 — Page 13

JUNE 15, 1933

Wall Street C. F. Childs & Cos. Criticises Policies of Administration —Opposed to Currency Inflation. BY RALPH HEXDERSHOT Tim** Special Financial W’rit-r C. F. Childs & Cos., regarded as the leading dealers in United States government bonds in Wall Street, is unusually critical of the administration’s inflationary leanings in the current issue of their investment bulletin. The firm says, in part, of inflation and the failure to make gold payments according to contract: "The desire to avoid paying obligations resembled rebellion. Confronted with mortgages and speculative debts incurred when prices were at higher levels and seeking escape from obligations, defaults or loss of

titles, many debtors regarded a debauching of currency by the evil forces of inflation as being the easy way out. Controlled inflation never has been known. Under any circumstances inflation would be a monetary adventure even though the inflationary forces conferred upon the President were only cautiously and sparingly used .... "Is America's new economic era, which consists of prescriptions for governmental supervision, control or regulation of industry, labor credits, production and compulsory trade agreements, about to adopt semisocialism or revert to economic nationalism? Either is a move in the wrong direction. Both are proven fallacies. a a a Socialism Is Criticised "The persisting danger is that by crucifying creditors on a crass of inflation for the illusory benefit of debtors congress may wreck the structure upon which the capitalistic country was built. Socialism never yet

I

Ralph Ifendershot

produced contentment for humanity .... 'With what assurance can congress rely upon the possessors of savings and capital to transfer their wealth into government securities to be offered and issued for public subscription if the future purchasing power of the dollar is put in jeopardy by proposed currency inflation?” Most people will grant that there is a great deal to be said in favor of the argument presented by the firm. Ordinarily, currency inflation would not be tolerated in this country, nor would the failure to make pocd on the gold clause be countenanced. And if the capitalistic system had not shown such glaring weaknesses it is doubtful that any socialistic leanings would have been indulged in. ana Old Policy Had Failed But it would seem that the breakdown of the banking structure early in March, the inability of many of the railroads, the mortgage guarantee companies and some of the insurance companies to meet their obligations were sufficient proof that our effort to liquidate ourselves out of debt had failed. It has been said that it is wise to choose the lesser of two evils, and from all indications that is what the government has attempted to do. C. F. Childs & Cos. probably should not be expected to take an entirely unbiased position in the matter in view of the fact that its clients run the risk of being among the leading sufferers, but some authorities contend that in the long run even holders of government bonds will be better off the way the situation is being handled.

Produce Markets

Delivered In Indianapolis prices: Hens, heavy breeds over 4% lbs . Bc, Leghorns. 6c. Broilers: Colored springers. 1% lbs. up. 14c; springers { Leghorn 1, 1 % lbs. up. lie; barebacks, 7c: cocks aqd stgfcc. 6c; Leghorn cocks and Leghorn stags. sc. Ducks, large white, full feathered and. fat. over 4 lbs., 4c; small and colored. 3c. Geese, full feathered and fat, 3c. Young guineas. 20c; old guineas, 15c. Eggs—No. 1 fresh country run eggs. Bc. Each full egg case must weigh 55 lbs. gross; a deduction of 10c per lb. for eaclvlp. under 55 lbs. gross will be made. Quoted by the Waciley Company. BY UNITED PRESS CHICAGO, June 15.—Eggs Market about steady, prices unchanged; receipts, 27.246 cases: extra firsts, ll%®il c; lirsts. 11® ll%c; current receipts, 10c; dirties. Btic. Butter—Market about steady, prices unchanged; receipts. 16,459 tubs: special. 22 ©22%c; extras. 21%c; extra firsts, 20%© 21c; firsts. 19©,20c; seconds, 17® 18c; standards. 21%c. Polutrv —Market about steady; receipts. 44 trucks; fowls. 9%®10c; Leghorn broilers, ll@13c: Leghorns, 8c; ducks, 6©Bc; geese, 6%c: turkeys, 10®llc; roosters. B%c: broilers. 15©20c; stags, lie. Cheese—Twins. 13©13%c; Longhorns. 13% © I3 3 ic. Potatoes—On track. 126, arrivals. 32; shipments. 963; market strong; Alabama and Louisiana sacked Bliss Triumphs, $2.35'® 2.45; North Carolina sacked Cobblers. $2.20©2 25 barrel; Cobblers. $3.50 3.60, Wisconsin sacked round whites and Michigan sacked Russet Rurals, $1.20® 1.35, Idaho sacked Russets. $1.65®1.76. CLEVELAND. June 15.—Butter—Market, steady; extras. 25 %c: standards. 25%c. Eggs Market, steady; extras. 13%c; currecent receipts. 10%c; extra firsts, lie. Poultry—Market, steady: heavy fowls. 100/ 11c; medium fowls. 10© 11c; Leghorn fowls. 8© 10c; heavy broiiers. 17© 20c; Leghorn broilers. 13© 14c; ducks. 8" 10c; old roosters Bc. Potatoes—New York. Ohio, truck receipts, sacks a bushel. U. S. No. 1 and partly graded. 70®78c. NEW YORK. June 15. —Potatoes —Firm: Southern. 50c©53.50 barrel: Maine. $1.05© 210 barrel. Sweet potatoes—Firm; Jersey basket. 75c®$2: Southern, basket. 50c© Si 50. Flour—Quiet; springs, patents. $4.80 ©5.10 sack. Pork—Steady; mess. S2O barrel. Lard—Dull: middle west spot. $6 45© 655 100 lbs. Petroleum—Firm; New’ York refined, 17c; Crude Pennsylvania. 50c® $1 37 barrel. Grease—Quiet; brown. 3%® 3‘c lb ; yellow. 3%©3 3 *c lb.; white. 3V" 4%c lb Common hides—Nominal. Hides City packer, easy; native steers. 12%c; butt brands. 12%c: Colorados. 12%c. Dressed poultry—Quiet: turkeys, 14©24c; chickens. 9© 25c; broilers. 15©22c: fowls. .■ 15c; Long Islanc. ducks. 13c Live poultry Firm, geese. 6© 8c: turkeys. 10® lac: roosters, lie; ducks. 9 ©lsc; fowls. 10© 13c: broilers. 12©22c. Cheese—Quiet: state whole milk fancy to specials. 20© 21%c: young America, 15®18c. Butter— Marker steady; creamery, higher than extras. 22%©23c: extra 92 score, 22c; firsts. 90 to 91 scorr. 21%©21 3 *c: firsts. 88 to 89 score. 20%©21c; seconds. 20c. Eggs— Market. Irregular; special packs, including unusual hennery selections. 14©16%c; standards. 13%c; firsts. 12 3 *© 13c; seconds 11 1 _• </12 ’, c: mediums. 12© 12’*; dirties n%@ll 3 4c: storage packs. 13’*c. Other Livestock BY UNITED PRESS EAST ST. LOUIS. 111., June 15.—Hogs— Receipts. 10,000. including 700 direct; market. slow and around 5c lower than Wednesday's average; bulk 250 lbs., up to $4 60, with 180-240 lbs., $4.50©4.55; sows, $3.75© 3 85. Cattle—Receipts. 2 00' calves, receipts. 1.000; market, vealers 25c higher with top kinds at $4.75; other classes steady; small lot-s of steers mixed •i'S*a r J‘ n JP-l and . heifers. $4.50© 5.50; cows. with top $4: low cutters, slso© 2. sausage bulls $2 50© 3. sheep— Receipts. 3.000; market, nothing done on lambs: receipts practically all good quality natives; indications about steady. FT. WAYNE. June 15.—Hogs—Market 5* 4!? We Un 2 , 5 n 0 n 35 Pu lbs $4 50: 200-250 lbs. J 4-40; lio-200 lbs,, $4 30; 140-170 lbs. *. 4 lb; ' bs sb: toughs. $3 75; stags *2 50. calves. $4 50; spring lambs, .cattle—Market, steers, good to choice ss© 5.50; medium to good. *4.50© 5- common to medium. $3 50© 4.50; neifers good I°. ss© 5.50; medium to good 54 50©5; common to medium. $3.50©4 50 cows, good to choice. S3© 3.50: medium to good, $2 50©3; cutter cows. s2©2 50 canner cows. *l®2; bulls, good to choice' S3 ,/ 3.50; medium to good. s2.7s<gs. LAFAYETTE, June 15.—Hogs—Market Steady. 250-325 lbs . *4.25© 4 40; 200-250 lbs, S4 30©4 35: 150-200 lbs, $3.90©4 20 120-150 lbs , $3 30© 3 60; 100-120 lbs . $3 : roughs. $3.i5 down; top calves. $4; top lambs, *7. w Births Girls Jack snd Norma Davidson Coleman hospital Harry and Cornelia Hartman, Coleman hospital Earl and Julia Lundy, Coleman hospital. Nathan and Frelda Blackschedger. Methodist hospital. Clark and Trula Johnston. Methodist hospital. Vernon and Helen Rogers. 64 South Lasalle. Boys Chester and Jewel Dovle. Coleman hospital Roy and Louisa Hall, Coleman hospital. John and Juanita Hartenstein. Coleman hospital. Virgil and Helen Holbrook, Coleman hospital. Vernon and Ethel Robinson, 1401 Blaine. Beieridge and Mabel Huffman. Methodist hospital Harold and Winifred Woodward Methodist hospital Joseph and Erna Johnston. Methodist hospital. Deaths Gilbert Roberts, 47. 1125 North Beville. coronary thrombosis Edward Wisdom. 57. 1415 Market, michronic mvocarditis. Joseph Wolff. 62. 602 East Market, mitral insufficiency. Knoefel F. Langdon. 32 1962 Tallman. chronic mvocarditis. Donald Rex Morgan. 2 months. 807 Indiana, acute appendicitis CHICAGO FRUIT MARKET Bp United Press CHICAGO. June 15—Apples—Illinois Willow Twings. bushel, $1 50 Strawberries—Michigan Premiers. 16 quarts. *l©! 25: Dunlaps A- Gibsons 16 quarts. 75c ©SI. Wisconsin Dunlops. 51; Premiers. $1 ©1.50. Ruspberries—lllinois •ed Lathams. 24 pints. $2 50(2 2 75. Indiana Reds. 24 pints. *2ft2.25 Blackberries -Illinois. 24 pints. $1 25?51 SO Onion market: Texas. U S No. 1 Crystal White Waxed, bushel. $1 35ftl 50; Yellow Bermudas, bushel. 51 35 ©1.50: Commercials Crystals. White Waxed, bushel. 51© 125: Yellow Bermudas, bushel. $10125: California. No. 1 Crystals White Waxed, bushel. $1.3Wi1.50; Vellow Bermudas, bushel. $1.350 1.50.

CHICAGO TICKERS TO BE INSTALLED HERE Abbott, Hoppin & Cos. Orders New Service. Ticker service of the Chicago Stock Exchange has been ordered in by Abbott, Hoppin & Cos., 203 Continental Bank building, James T. Hamill, co-manager, said today. The service will be opened this week. Increased public interest in the Chicago exchange and the mounting number of Indiana stocks carried on the exchange's list made the addition of the service necessary, Hamill said. Sidney L. Parry, assistant secretary of the Chicago Exchange, is in Indianapolis supervising the installation. Since May 1, thirty-five new tickers have been installed, an increase of 32 per cent, and the Chicago quotation service now extends to Indianapolis, New York, Milwaukee, Minneapolis, Peoria, St. Louis, St. Paul, Denver, Los Angeles and San Francisco. CLARKE IS ELKS’ HEAD City Man Elected Indiana President at Annual Convention. Joseph L. Clarke, 3015 North Meridian street, was advanced to the p-esidency of the Indiana Elks, at the annual convention today in Michigan City. He succeeds F. Lee Bays of Sullivan. Clarke was elected third vicepresident of the Elks in 1930, and was named second vice-president in 1931. He became first vice-president in 1932. Milo Mitchell, Linton, Wednesday, was elected third vice-president.

22 U. S. Corporations Stay in Billion-Dollar Class

Gain in Aggregate Assets of .8 Per Cent Shown for 1932. BY FRANK P. S. GLASSEY United Press Financial Writer (Copyright. 1933. by United Press) NEW YORK. June 15.—0f the twenty-three United States corporations which had assets of more than a. billion dollars at the end of 1931, twenty-two remain in that aristocratic classification today. Only one, the Continental Illinos National Bank and Trust Company, has fallen below the billion level, a United Press survey of business statistics disclosed. Furthermore, aggregate assets of the billion-dollar corporations were .8 per cent greater at the beginnig of 1933 than at the close of 1929, and only 3.7 per cent under the close of 1930, when the highest total was reached. Seven of the twentytwo survivors have greater assets now than they had at the end of 1931, Total assets of the country's bil-lion-dollar corporations at the end of 1932 amounted to $40,325,059,950,

List of American Corporations in Biliion-Dollar Class

Total Assets Total Assets Company Dec. 31, 1932 Dee. 31. 1931 American Tel. A tkl. (Inc. Bell) $4,901,575,912 55,024.335.551 3letropolitan Life Insurance 3.769,372.425 3.590,115.654 Prudential Insurance 2.773,769.000 2.692.698.221 Southern Pacific Railway 2,332.056.608 2.349.758.584 Pennsylvania Railroad 2.208.112.414 2.170.799.930 United States Steel 2.158,732.221 2.279.802,813 New York Life Insurance 1.974.076.041 1.890.144,880 Standard Oil Cos., of N. J 1,888.009.301 1.919010.367 Chase National Bank 1,856,290.382 1.988,669180 New York Central R. R 1.825 367.729 1,837.729,280 National City Bank (N. Y.). 1.615.260.569 1,857,975,421 Equitable Life Insurance 1.471.697,007 1.100,232.718 Guaarntv Trust Cos. (N. Y.) 1.110.768.974 . 1.494.040.052 Canadian Pacific Railway 1,375.366.013 1.380.888,588 Cities Service Cos 1,288.104.833 1.312.256.241 Atchison. Topeka A Santa Fe 1.268,178,3*2 1.267,643.893 Baltimore A Ohio 1.2'5.564.391 1.186,136,456 U. S. Electric Power 1.228.459.718 1.257.456.195 Union Pacific 1.186.012.328 1.196.688.305 Commonwealth A Southern 1.136.542,942 1.155,760.639 General Motors Corp 1.115,2-18.641 1.300.267.222 Soconv-Vacuum Corp 1,006 514.169 1.038.601.734 Rotate $40,325,049,950 $41,591,038,954

PROFIT SELLING LOWERS PRICES IN STOCK MART List Generally Irregular in Narrow Range at Opening.

Average Stock Prices

Average of thirty Industrials for Wednesday, high 96 23. low 91 41. last 94 06, off .73 Average pf twenty rails, 44 71, 42 64. 43.77, o 3 .53. Average of twenty utilities. 37.10, 34 91 35 80. off .18. Average of forty bonds. 84.56. up .01. Average of ten first rails, 89 50, off .32. Average of ten second rails. 71 14, up .30. Average of ten utilities. 92 46. up .04. Average of ten industrials, 85. .6, up .04. BY ELMER C. WALZER * United Press Financial Editor NEW YORK, June 15.—Trading quieted down on the Stock Exchange at the opening today as further profit-taking came into many issues. Prices generally were irregular in a narrow range. American Telephone opened at 127%, off U; Radio 10, off Westinghouse Electric 46%, up %; Consolidated Gas 60%. unchanged; Atchison 65’ 2, off %; Consolidated Oil 13 3 i, off •%; Standard of New Jersey 36&, unchanged: Montgomery Ward 23%, off %; Western Union 57%, up %; Public Service 53%, off %; Chrysler 26%, off %; General Motors 2675, up %, and American Can 91, up %. United States Steel opened 1,000 shares at 55 ! 4, off % from the previous close. Bethlehem was down % at 29%. United Aircraft was depressed nearly 2 points to 3214 on the first sale, a block of 1,200 shares.

Bank Clearings

INDIANAPOLIS STATEMENT —June 15Clearings $L844,000.00 Debits '4.451.000.00 TREASURY STATEMENT —June 15Net balance for June 13... .$271,690,031.76 Expenditures 8.663,798.83 Customs rects. month to date 9,307,263.65

Foreign Exchange

(By Abbott, Hoppin. & Cos.) —June 14— " Close. Sterling, England $4.11 % Franc. France 0497 Lira, Italy 0633% Belgas, Belgium 1695 Mark. Germany 2350 Guilder, Holland 4880 Peseta, Spain 1034 Krone, Norway 2075 Krone, Denmark 1830 dryweathepTcaUses smalljirop DAMAGE Wheat Reported in Good Condition; Early Corn Favorable. Dry, hot weather w’hich prevailed during the last, week caused slight damage to Indiana’s growing and blooming crops, according to an announcement made today by the United States department of agriculture, in a weekly weather report. Wheat being in a fairly favorable condition is blooming in the northern and central sections and is ripening in the south, where some reaping has been reported in scattered areas. Corn planting and cultivating w ; as continued in practically all sections, and the crop is up to fairly good stands in earlier fields throughout the state. Oats are making slow progress, with only fair color reported in most sections. Majority of the crop is headed in central division. Bean planting and hay cutting was resumed throughout Indiana, with tomato setting in the central and southern sections, and tobacco planting and barley cutting reported in the south. In the Air Weather conditions at 9 a. m.: Southwest wind, 15 miles an hour; temperature, 64; barometric pressure, 30.28 at sea level; general conditions, high, thin scattered clouds; ceiling, unlimited; visibility, 10 miles.

against $41,591,038,954 one year earlier, $41,877,010,551 at the end of 1930 and $40,007,608,615 on Dec. 31, 1929. The asset stability recorded by these financial and industrial titans over a three-year period is remarkable when contrasted w'ith huge declines in assets of lesser businesses. In the years after 1929, while the twenty-two corporate leaders were increasing assets almost 1 per cent, the stock market declined almost 85 per cent from the 1929 high; national income was down 60 per cent; the country's wealth, as estimated by the. national industrial conference board, decreased 32 per cent. Perhaps the primary cause of this stability was sagacious, conservative management through the trying years. Most of the leading companies translated as large a proportion of their assets as possible into cash and government securities, and reduced inventories to a minimum. In some cases, however, the excellent record represents at least in part, bookkeeping finesse, since security holdings were valued at the end of 1932 far in excess of what could then have been obtained in the open market.'

THE INDIANAPOLIS TIMES

New York Stocks “Bv Abbott. Hoppin & Co.I “~—*—— —

—June 15 ! OH*— Prev. High. Low. 11:00 Close. Amerada 37 38 Atl Rfe 26>, 25'2 25% 26;, Barnsdail ... . .. 8% Consol Oil ... 13 J * 13 13 13*, Com of Del 13 3 14© Houston mew. 5% 5% 5% a 3 , Houston (old i 30 30H Indian z S’, Mid Cont Pet.. .. ... 11 10% Ohio Oil 13’* 13*4 13’* 14’, Pet Com 12% 12% Phillips Pet 13’* 13% Pure Oil 8 3 * 8% 8% B’* Roval Dutch ... ... 27% Shell Union 7% 7% 7% 7% Sod Oil 30'* 30 ! 2 Simms Pet 10 s , Skellev Oil ... 8% Soc Vac 11% 11% 11’4 11% S O of Cal 33 3 * 33’* 33H 33 3 * S Oof N J 36’* 36’* 36% 36% Sun Oil 43 Texas Coro.. . 22 21 3 a 22 22 Tidewater Assn 7’* 7% 7’* 8 Un Oil of Cal.. 18’, 17 3 * 17 3 * 18>* Steels— Am Roll Mills.. 18% 17’, 17’ 18 s , Beth Steel .... 29% 29’* 29-* 30 Bvers A M 26‘* 25% 25’* 26’a Col Fuel & Iron 13‘* 13’a Cruc Steel 24’* Gulf Sts Steel 26 Inland Steel 38 Ludlum Steel 15% 15% McKeesport Tin .. 83 s , Natl Steel 48’ / , 4714 4814 49 Rep Iron & Steel .. ... 17 17 s , Rep Ir & Stl pfd 42’, 43’, U S Smelt 50 s , Vanadium 25% 25% 25’, 25’* U S Pipe & Fdv .. ... 16’* 16 3 * U S Steel ... . 5514 5414 54’* 56 U S Steel pfd. 96 9514 95% 95% Youngstn S & T 29 3 * Rails— Atchison 65 s * 6514 G 5% 65’, Atl Cst Line ... ... 45 3 * B & O 2 1 20% 201* 21 s , Can Pac 15*4 1514 15*4 16’* Ch & Ohio 39% 39% 3914 39 3 * C M & St P 5’2 5% C M & St P pfd 81* B*4 B*4 8’ ChiN W 7 714 Chi R Isl 5 Dela & Hud 76 77 Erie 13’', 134 13% 13% Grt Northern ... ... ... 21’, 111 Central 3014 29’* 30’* 30’, K C Sou 18 3 * Lou & Nash .. .. ... 52 s * 50’ t M K & T 14 13*4 14 14 3 4 Mo Pac ... 5*4 s’* Mo Pac Dfd B*4 B s , N Y Cent 3614 3614 3614 36 3 * N Y Chi & St L 10 3 * N Y Ch & St L p 17*4 N Y New Haven 25*4 25’* N Y Ont & Wes 12*4 13 Norfolk & Wes 146 Nor Pac 23 22*4 22*4 2314 Penn R R 27 5 4 2714 27*4 27% Reading ... 52 Sou Pac 25 24*4 25 25*4 Sou R R 22 3 4 24*4 Sou R R pfd .... ... ... 32 Union Pac 113 111*4 113 112 Wabash 314 W Maryland 11 3 4 11*4 Motors— Auburn 67 66% 66'4 6714 Chrysler 26*4 25*4 2614 26% Gen Motors 2614 2614 26% 26 3 i Gra ha m Mot .. 314 3*4 Hudson iiy 2 11% Hupp 6 Mack Truck 38’4 3814 3814 39’* Nash 1914 19*4 19*4 20% Packard 5*4 514 Reo 514 Studebaker 6 614 Yellow Truck... 614 614 614 614 Motor Access— Bendix „ 17V* 1614 1614 17 Bohn Alum 45 4454 Borg Warner —lB 1714 17*4 18*4 Briggs 12 11** 11*4 12 3 , Budd Wheel 474 Eaton Mfg 13 12*4 12*4 13% Elec Auto Lite.. 24*4 23 23 24’, Houd Hershey 6 Mullins Mfg 814 Murray Body ... . 91/. Stew Warner .. 7% 714 7*4 8 Timken Rol .... 2914 29 29 29*4 Mining— Alaska Jun 21 19*4 2014 21’4 Am Smelt 3414 33% 33% 34*4 Anaconda 16% 16’/* 1614 16’* Cal & Hecla 77. Cerro de Pasco.. 25*4 24*4 24% 24’/, Granby ... ... 14 Gt Nor Ore !' "i2*4 13 Homestake Min ... 239% Howe Sound 93% Ins Copper g Int Nickel . .. 17*4 16% 16’/* 17*4 Isl Creek Coal 28 Kennecott Cop.. 19*4 19% 19% 20 Nevada Cop 10 10 Noranda Cop. ... 29% 28% 28*4 29% Phplps Dodge .. 13% 1314 13% 13% Tobaccos— Am Snuff wa. Am Sum Tob ' 141% Am Tobacco A 85% 84 ' Am Tobacco 8.. 8914 814 88’* 88% Gen Cigar 40% 41’* Lige & Myers B 90 91 Lonllard ... 22 22 Reynolds Tob B 43% 43% 43%- 44% Equipments— Allis Chalmers.. 1914 19 19 193.4 Am Car & Fdy 23% 23'4 23% 23% Am Loco ... 22 22 7 a Am Mach <fe Fdv 19% *lß*s 18% 19 hUm 8 !*® 1 Fdv " 1834 1714 18 1814 Bald Loco 10% 10'4 1014 10% Burroughs 17% 17% 17% 18 Case J I 83 '4 83 8314 84*4 Cater Tract ... 20% 20% 20% 21% Colgat Palm Peet 103* Congoleum 171 1 Elec Stor Bat. " ' 453* Foster Wheeler. . 17’/* 17% i7% 17% Am Tank C 36% 25% 35% 35% Gen Elec 23*4 22% 23'4 24 Rjnd ... 71 69% 69*5 71% Int Bus Mach , im IrtvS.™"'" * 55* SS.VSBJS?':: !* ' '■* J!s> Pullman Inc li. it Simmons Bed .. T7l/ Und Elliot •" '©> it West A VF 29% 28% 29% 29% Westingh Elec . 46% 45% 46% 46% UtHiUes- Pm 34 3* 3 * Am 0r T F Wr 171/2 16% 17% 17% Am Pw & Lit ... 1414 143/. Am T w! "!27% 126% 127% 127 3 , Am Wat Wks.. 37% 36% 37% 38 Col Gas & Elec. 25 24% 25 25% Com & Sou 5% 4% 474 53* Consol Gas .. 60% 59% 60% 60% Eiec Pw & Lit. 14% 13% 14 14 E P & L pfd . 29 J nt T & . T „ 18 1734 ’lB 18% Lou G& E A . .. . 24% 24 Nat PW & Lit.. 18% 18% 18% 18% N°rth Amer .. 33% 33’% 33% 34% Pac0&E...29% 29 299% 28*4 £ ub Serv .N j.. 5314 52 % 53 54% |o Cal Edison . 25% 24% 24% 25’/, £ as ••*:•••• 21% 20% 20% 21% Std Gas pfd . 23 ’2 United Corp .... 12% 12% i2% 13 Un Gas Imp . . 22% 22% 22% 22% Ut Pw & Lit 'A' 7% 7% 7*4 8 Western Union . 57% 56 57% 56 Rubbers— Firestone 23% 23% 23% 23 Goodrich 15% 15 15 15*4 Goodyear 35 34% 34’% 35 U S Rubber ... . 14% U S Rub pfd 27% 27% Amusements— Crosley Radio 11% 11% f ox -v 4% 4% 4% 4% Loews Inc 23 22% Radio Corp 10 9% 9% 10% RKO ... 4 4% Warner Bros .... 5*4 5% 5*4 5’% Foods— Am Sugar 63 Armour ‘A’ 5 4*4 4% 4% Beatrice Cream 22% 21% Borden Prod ... 35% 35% 35% 35% Cal Packing 23% Canady Dry G A 18% 18% Coca Cola 91 Cont Bak ‘A’... 14% 14% 14% 13*4 Corn Prod 73% 73 73 73% Crm of Wheat... 36 35% 36 36 Gen Foods ... 35% 36 Gold Dust 25% 23% 24% 24 G W Sugar 25 25% Hershey 57 Int Salt 25 Loose Wiles ... ... 39 Natl Biscuit .... 55% 54% 55 56 Natl D Prod 22 21% 21% 22 Purity Bak 20% 20 S Porto Rico Sug 31% 32 Std Brands .... 20 19*4 20 20’4 United Fruit 54% 54% Ward Bak 'A' 13% Wriglev 12% Retail Stores— Ass Dry Goods 1"% Best & Cos • 23 Gimbel Bros 5% 5% Or Un Tea , • ■ ■ 8 % Hahn Dept Sts 5 5 Jewel Tea • 40 Kresge S S 15 14% 14% 14% Kroger Groc 28 % Macy R H 58% 58% May Dept St ... . • 27% Mont Ward . .. 23% 23% 23% 23;, Penny J C 38% 38% Safeway St .... 53% 53% 53% 54 Sears-Roebuck ... 33% 34% Woolworth 43 42 42 42% Aviation— Aviation Corp... 12% 12% 12% 12% Douglass Aix .... 17% 1s 3 , 16% 17 Curtiss Wright. . 3% 3% 3% 3% Curtiss Wrieht. A .. .. ss,5 s , ss,5 s , Nor Am Aviation 7% 7% 7% 8 United Aircraft.. 33 32% 33 34 Chemical,— Air Reduction... 80% 79% 80% 79% Allied Chem ...118 116 116% 118 Am Com Alcohol 32 31% 31’, 32% Col Carbon 58% 56% 57% 59% Com Solvents... . ... 18% 18’4 Dupont, 77 75% 76% 76% Freeport Tex ... 35’, 35% 35% 36% Liquid Carb ... 31 32%

Investment Trust Shares

By Abbott, Hoppin & Cos. -—June lo — Bid Ask American Bank Stocks Corp., 133 1.54 American Founders Corp... 1.87 2.00 American & General Sec. "A” 5.50 6.50 Basic Industry Shares 3.36 .... British Type Inv. Tr. Sh 95 1.05 Collateral Trustee Sh. "A" 4.62 5.12 Corporate Trust Shares loldi 2.44 .... Corporate Trust Shares (newt 245 2.52 Cumulative Trust Shares 4.30 Dirersified Trust Shares "A" 650 .... Diversified Trust Shares ' B 800 8.50 Diversified Trust Shares “C" 3.15 3.25 Diversified Trust Shares "D" 5.25 5.62 First Insurance Stock Corp.. 1.83 2.16 First Common Stock Corp.,.. 124 1.42 Fixed Trust Oil Shares "A ". 8.85 9.15 Fixed Trust Oil Shares B . 745 7.75 Fundamental Trust Sh. “A".. 437 447 Fundamental Trust Sh. "B . . 415 4.35 Low Priced Shares 5.75 Mass. Inves. Trust Shares 18.50 20.12 Nation Wide Securities 3 65 .... N. Am. Trust Shares 11953 >. . 2.06 N Am. Trust Sh. <55-56*... . 268 295 Selected American Shares... 274 281 Selected Cumulative Shares... 7.10 7.20 Selected Income Shares 374 384 Std. Amer Tr. Shares.. 3.20 3.35 Super Am. Tr. Shares “A"... 307 Trust Shares ol America 3.10 3 20 Trustee Std. Ot! "A” 520 535 Trustee Std Oil "B" 465 485 U. S. Elec. Light & P 'A .... 16 50 Universal Trust Shares >IM ,. 3.10 3.20

Mthwn Alkali... 30% 30 30 29% Tex Gulf Suiph.. 28% 27% 28 78 s , Union Carbide 39% 39% 39% 40 U S Indu Alcohol 47’, 47% 47% 47% Drug*— • Cotv Ini 6% 6% 6 s , 7 Drug Inc 54% 53% 54% 56% Lambert ... 39 Lehn & Fin.c... 21 20% 20% 21% Zonite Prod 6% 6 s , Financial— Adams Exp... 11 10% 10% 10% Allegheny Corp.. 4 3’4 3’* 4% Chesa Corp .... 38% 37% 38% 37 s * Transamerica .. 8% 7% 7’* 8% Tr Conti Corn.. 7% 7’, 7% 7% Building— Am Radiator.. 14% 14% 14% 14’* Gen Asphalt 15% 16 Int Cement .. ... 27 Johns Manvlile 46% 45% 46% 47 Libbv Owens Gls 29% 29 29 29% Otis Elev 21% 21 21 21% Ulen Const ... 3% 3% 3% 2’, Miscellaneous— Am Bank Note 23% 23 Am Can 91 90% 90% 90 s , Anchor Cap . 20 19% 20 21 Brkvin Man Tr 40 38% 39 s , 38’, Conti Can 57 56% Eastman Kodak 81 80% 81 81% Owens Bottle.. 75% 74% 75% 75 Gillete 16% 15% 15% 16% Glidden 14 s , Gotham Silk ... 15% 14% 14% 15% Indus Ravon. 67’* 65% 67% 68% Inter Rapid Tr 10 9% 10 8% Real Silk Hose 18% New York Curb (Bv Abbott. Hoppin & Cos.) —June 14— Close. Close. Alum Cos of Am 89 Irving Airchute. 7% Am Bev 2% Inti Ptrol 15 s , Am Ct P & L B 5% Lake Shore Mi. 15% Am Cvan 8.... 13 Lone Star Gas. 10% Am & For Pwr. 11% Mount Prod ... 6 Am Gs & El.. 46 Natl Bellas Hess 3% Am Sup Pwr.. 8% Niaat Hud Pwr. 14% Ark Ntl Pwr A 3% Pan Am Airways 40’, Ass Gas A 2* Parker Rstnrf .. 47% Atlas Ut Crp.. 17*8 Pennroad 3 s , Axton 56 Pioneer Gld Min 13% Br Tr <te Lt.... 15 3t Regis Paper . s’, Can Marc ... 2% Salt Creek Prod 7** Cent Sts E 1... 4 Segal Lock .... 1% Cities S’rv 5 *sd Oil of Ind 29% Comm Ed 69% Std Oil of Kv.. 16% Cord 11% Stutz 16 Deere & C 0.... 18% Trans'.ux 3 Derbv Oil 2% Un Founders... 2% Eisler Elec .... 1% United Gas .... 4% El Bnd & Sh.. 37% Un Lt & Pwr A 8% Ford of Eng.... 4% United Verde... 4% Ford Mot Can. 11% Util Pwr & Lt 3% Hudson Bay Mi B'?Woolworth Lmtd 16 Imp Oil 11*2 Wright Hargrave 5% New York Bank Stocks (By Abbott. Hoppin & Cos.) •—June 14— _ , Bid. Ask. Bankers 67 68 Central Hanover 141 144 Chase National 32 32% Chemical 40% 41% City National 35% 36% Corn Exchange 64 65% Continental 17% is First National 1.540 1.560 Guaranty 310 314 Irving 22% 23% Manhattan & Cos 32% 32% Manufacturers 19% 20% New York_ Trust 96 99 Liberty Bonds Btj United Press NEW YORK. June 14.—Closing Liberty bonds: Liberty 3%s (32-471 102 16 Liberty Ist 4s (32-471 ... 102 Liberty Ist 4%s (32-47) .' 10213 Liberty 4th 4%s (33-38) 103 1 Treasury 4%s (47-52) no' Treasury 4s (44-54) 106 7 Treasury 3%s (46-561 ..’ 10421 Treasury 3%s (43-47) 102 15 Treasury 3%s (41-43) March 10213 Treasury 3%s (40-43) June 102 12 Treasury 3 ! /,s (46-49) 1002 Treasury 3s (51-55) 98 25

CHICAGO STOCKS

(By Abbott. Hoppin & Cos.) —June 14High. Low. Close. Adams Mfg g Asbestos Mfg 5(4 "4% 5 Bastin-Blessing 14 12% 13 % Bendix Aviation 17% 16 5 17V n Borg-Warner 19 17’/! 13% Berghoff 17% 16% 17% E L Bruce Cos 12 11% 1114 Butler Bros 6 5% 6' Cent & So West 3% 33 Chicago Corp com ..... 4 3*' B 4% Chicago Corp pfd 26 26 26 Chicago Yellow Cab ... 16 15 16 Cities Service 5 4*4 5 Commonwealth Edison 70% 69% 70 % Cord Corp 11*4 11 11% Electric Household ... 12*4 11*4 12% Great Lakes Aircraft .. I*4 1(4 1% Grigsbv-Grunow 2*4 2’4 2% Libby-McNeil 7% 6% 7*4 Lynch Corp 31 30*4 31 Midland United ... 2% Noblitt-Sparks Indu Inc 26% 26’4 26 Prima Cos 25% 23 % 25% Quaker Oats 125 122 122 Swift &Cos 21% 20’4 21 Swift Interacional 31 28*4 29’/* U S Gvpsum com 41 40 41 U S Radio & Tel 19% 18% 19 Utility & Ind 32% 2*l Utility & Ind pfd 6% 6 6% VoVrtex Cup Cos 7% 7’4 714 Walgreen Cos com 19% 18% 19% Zenith Radio ... 2%

Daily Price Index

Bv United Press NEW YORK. June 14.—Dun & Bradstreet s daily weighted price index of thirty basic commodities, compiled for the United Press: (1930-1932 Average. 100) Today 92.06 Week ago 97.50 Month ago 88.59 Year ago 72 13 1933 high (June 12) " 9310 1933 low (an. 20) 6r36 (Copyright. 1933, Dun & Bradstreet. Inc.)

In the Cotton Markets

—June 14— CHICAGO High. Low. Close. January 9.82 9.73 9.82 March 9.99 9.87 9.97 July 9.33 9.25 9.33 October 9.03 g. 47 9.62 December 9.76 9.65 9.76 • NEW YORK January 9.75 9.65 9.74 March 9.93 9.79 9.90 May 10.06 9.95 10.05 July 9.30 9.16 9.27 October 9.56 9.41 9.53 December 9.69 9.57 9.67 NEW ORLEANS May 10.00 July 9.22 9.13 9.22 October 9.52 9.38 9.48 December 9.66 5.52 9.52

HORIZONTAL ANSWER TO PREVIOUS PUZZLE 2 Nnme of the RFenml* horses. man In the B E.i!N l T OMU 550 L I ’Ni I K* A skirmish. • 7 V AtVou r L ' ,e ‘ 9 Composition in B; I S|sL OPHu tL F s|nlls. 'verse, I 1 1 M| 1 1 1 1 I IWI I 11 1 1.7 Chip of stone. 11 Departs hy , 19 Inlet of these" boat. I BT R I F IREPMm -> To 13 One that saves, NEWER] BENITO AUY S st'en^ 14 Old division of ib.flMH, r~‘ > . land, subdl- JRJXIIBi U| |CCf)| ID I ■RjUjEL d Tf. vided into FRA Il I ffIUJOUUm j s |p s r,!*' nr ' of n chn,n----15 PoeUenl‘coin- ”9 I wonposition for use ROIR U SiTICAL E BPR ,"°: k , er ' In the and worship E E |l'E DpO E iu l^ui#. 1(1 Thing. * SE ASMAST.E R1R055 as Helmet-shaped ll Evulr- ITAXCE RT I IF. I ~ATE~sI 34 Hit or thick--19 Before Christ WtETil (nhbr.). 37 Legal rule. cuscd by many 111! 20 Minor note. 39 All right. of bigotry : ts 1 * " P ""*' “ ” a J' nn e,,, ‘ 40 £""** *" r J,nd oppression f Hound-edged 24 Chum. ' 41 Tie of rope. VERTICAL hammer - © JJ’ 11 " 111 ’ 1 The man in the mineral 1 29 To cook In fat. 44 Bewitching. picture is a i' nJ. L.,i. - 30 What are fol- 47 Tardier. r , One-tenth of n lowers of the 49 Maple. 2 The true S.*" I’* 1 ’* , or,u * mini in the pic SO Avery wicked ; t To mark for 4(5 Dined ’* lure called? or cruel person. omission. 4S Golf device To excavate, 54 To direct nc- 4 Epochs. 50 Therefore 34 Taxi. tion with 5 Antagonist. 51 Dye 35 Designating nil authority. O The man in the 52 Measure of acid found in 55 The man in the picture is the area opium. picture is ae- dictator of 53 North America. 3— ~ ~ ~ ~ ” 'Tr] 11 I mm r 1 rln 1 m

TAX FORECAST FORCES WHEAT VALUESMWN Lower Securities, Sterling Have Adverse Effect on Futures. BY HAROLD E. RAINVII.I,E United Press Staff Correspondent CHICAGO. June 15.—Wheat broke % to 1% cents as the Board of Trade opened today on the report | that the processing tax would be put into effect very shortly on both wheat and cotton. The latter sold off a dollar a bale. Declining sterling also was a factor in the selling as was the lower stock market. Liverpool was firm on a scarcity of sellers but this was ignored. The other grains were less affected by the news and paid more attention to the London conference which had a better outlook today. Corn was unchanged to % cent lower in a slow trade. Oats was unchanged to % cent higher. Rye was % to % cent lower and barley was Vt cent lower. Provisions were weak. Sterling started higher but reacted 5 cents, indicating a point of stabilizaton is probably near at London. Liverpool was firm. ’* cent higher at mid-afternoon. Temperatures in Canada and the American northwest, where spring wheat is entering the crucial stage, were higher. Liquidation of July is being felt in the corn market but the strength in wheat is a sustaining influence. The weather remains favorable. While oats displays a strong undertone, action of the other grains has an effect. Most operators feel that the damage reported has not been fully discounted. Propose 30-Cent Tax Bv United Press WASHINGTON. June 15.—Possibility of the government’s levying a 30-cent per bushel processing tax on wheat was suggested today by a study of recent grain price trends. If the government adopts the processing tax method, the levy may amount to about 29.4 cents per bushel—the sum necessary to restore the approximate existing price of wheat to “parity.” The 1909T914 wheat price average was 88.4 cents and the present price is around 59 cents. Chicago Primary Receipts —June 14— Wheat 968.000 Corn 1,536.000 Oats 139.000 Chicago Futures Range —June 15—■ WHEAT— Prev. High. Low. 10:00. close. July 74% .74 .74% .75% Sept 77% .76 .76% .77% Dec 79% .78% .79% .80% CORN— July 45 .44 .45 .44% Sept 48% .47% .48% .47% Dec .51% .50 .51% .50% OATS— July 28 % .28% .28% .28% Sept 29% .29% .29% .29% Dec 31% .31% .31% .31% RYE— July 61% .60% .61 .61% Sept 63% .62% .63% .63% Dec 66*8 .65% .66% .66% BARLEY— July 36% .36% Sept 38 .38% Dec 41% CHICAGO CASH GRAIN Btj United Press CHICAGO. June 14.—Cash grain close: Wheat—No. 2 northern. 75%c. Corn—No. 2 mixed. 43c: No. 2 yellow. 43(7?44%c: No. 2 yellow.-old. 44%c; No. 3 yellow. 40%<@ 41c: No. 4 yellow. 40c: No. 6 yellow. 36® 37c: No. 2 white fi 43%®44%c: No. 3 white. 43%c: No. 6 white. 37c: sample grade. 28@ 35c. Oats—No. 2 white. 28 %'S 29c: No. 3 white. 27©28c: No. 4 white. 26%c; sample grade. 25%©27c. Rve —No sales. Barley—3o®ssc. Timothy—[email protected]. Clover —57.50®11.75. ST. LOUIS CASH GRAIN Bv United Press ST. LOUIS, June 14.^—Cash grain: Wheat—ln slow demand. l*i®.2%c lower; No. 2 red. 77c; sample red, 74%c. weevil, odor: No. 2 hard wheat, 76%c, nominal: No. 2 mixed, 76%c. hard. Corn—ln fair demand. ’iS'lc lower; No. 2 yellow, 43% © 43%c; No. 3 yellow. 42%®43c: No. 4 yellow, 41%®42c: No. 6 yellow. 40c, musty; No. 2 white, 45c; No. 3 white 44c. Oats— In fair demand, unchanged to %c higher: No. 2 white, 29%c; No. 3 white. 29c; No. 2 red. 28%c. TOLEDO CASH GRAIN Bv Ignited Press ’ TOLEDO. June 14.—Cash grain close: Grain in elevators, transit billing: Wheat —No. 2 red, 78%©79%c; No. 1 red, lc premium. Corn—No. 2 yellow. 46%®47%c. Oats—No. 2 white. 31© 32c. Rye—No. 2, 63(a:64c. Track prices. 28%c rate. Wheat —No. 1 red, 74%@75%c; No. 2 red, 73%©) 74%c. Corn—No. 2 yellow, 42©43c; No. 3 yellow. 41® 42c. Oats—No. 2 white 28® 29c; No. 3 white. 27%©28%c. Toledo seed .close: Clover—Cash. $7.50; October, $7.75. Alsike—Cash, $7.50; August. $7.75. Toledo produce close: Butter—Fancy creamery. 27c. Eggs—Extras, 10%©llc. Hay—Timothy per cwt, 70c. INDIANAPOLIS WAGON WHEAT City grain elevators are paying 65 cents or No. 2 soft red wheat and 64 cents for No. 2 hard wheat: otner grades on their merits.

INDIANA STOCKS AND BONDS

The following quotations do not represent actual bios or offerings, but merely indicate the approximate market level based on buvir.g and selling inquiries cr recent transactions —June 15— STOCKS Bid. Ask. Belt Rail & Stock Yards com. 25 30 Belt Rail Ac Stock Yds pfd 6% 45 50 Citizens Gas com 13 18 Citizens Gas Cos pfd 5% 60 65 Home TA:T Ft Wavne pfd 7% 36% 40% Ind & Mich Elec Cos pfd 7G .. 65 70 Ind Gen Service Cos pfd 6%.. 59 63 Ind Hydro Elec Cos 7% 20 25 Indpls Gas Cos com 40 45 Indpls Pwr <& Lt 6% 64 69 Indpls Pwr Ac Lt Cos pfd 6%% 69 73 Indpls Water Cos pfd 5%.... 86 91 No Ind Pub Serv Cos pfd 5%% 38 42 No Ind Pub Sor Cos 6% 40% 44% No Ind Pub Ser Cos 77. 42% 46% Public Serv Cos of Ind pfd 6% 18 22 Public Serv Cos of Ind pfd 7% 36 43 South Ind Gas A: El pfd 5%.. 52 56 Terre Haute Elec pfd 6 39 44 BONDS Citizens Gas Cos 5s 1942 75% 80% Home TA: W 5%s 1955 93% 97% Home T Ac T W 6s 1943 94% 98% Indpls Gas Cos 5s 1952 73 78 Indpls Rvs Inc 5s 1967 24 29 Indpls Water Cos 4%s 1952 95 99 Indpls Water Cos 5s 1960 91 95 Indpls Water Cos 5s 1970 91 95 Indpls Water Cos 5%s 1953 97 101 Indpls Water Cos 5%s 1954 97 101 Kokomo Water Works. 1958 72 77 Lafayette Tel Cos 5s 1957 81 85 Muncie Water Works 5s 1930.. 80 85 Richmond Water Works 1957.. 82 86 Terre Haute Water Wk 3s 1956 82 87 Terre Haute Wat Wk 6s 1949. 91 96 Traction Terminal Cos 5s 1957.. 41 47

Joint Stock Land Banks

Bid. Ask. Atlanta 5G 37 41 Atlantic 5% 45 49 Burlington 5% 34 38 California 5% 54 58 •Chicago 5% 24% 28% Dallas 5 G 51 55 Denver s'r 50 54 Des Moines 5% 43 47 First Carolina s' r 33 37 First Ft. Wayne 5% 50 54 First Montgomery 5G 37% 41% First New Orleans 5% 46% 40% First Texas 5% 44 48 First Tr Chicago 5% 51% 55% Fletcher 5% 68 72 Fremont 5% 49 53 Greenbrier 5% 45 49 Illinois Monticello 5T> 60 65 Illinois-Mid west 570 40 44 Indianapolis 5% 76 80 lowa 5% 56 60 Kentucky 8% 60 64 Lafayette 5% 50 54 Lincoln 5% 49 53 Louisville 5% 50% 54% Marvland-Virginia 5% 63 67 Mississippi 5% 43 46% New York 5%' 46 50 North Carolina 5% 39 43 Oregon Washington 57 37 41 Pacific Portland s"r 44% 48% Pacific Salt Lake 5% 47% 51% Pacific San Francisco 5% 47% 51% Pennsylvania 5% 52 58 Phoenix 5% 67 71 Potomac 59, 45% 49% *St Louis 57$ 24 27 San Antonio 5% 54 58 •Southern Minesota 59. 14 17 Southwest 5% 41 45 Tennesse 59, 43 46 Union Detroit s<r„ 41 45 Union Louisville 59> 51 54 Virginia Carolina 59, 43 47 Virginia 59, 50 54 •Flat.

The City in Brief

FRIDAY EVENTS Exchange Club, luncheon, Washington. Optimist Club, luncheon. Columbia Club. Sahara Grotto. luncheon, Grotto Club. Reserve Officers’ Association, luncheon. Board of Trade. Phi Delta Theta, luncheon, Columbia Club. Delta Tau Delta, luncheon, Columbia Club. Harvard Club, luncheon, Lincoln. Indiana Stamp Club, meeting. 8 p. m., Lockerbie. Installation of the newly elected officers of the Indiana Stamp Club will be held Friday night, June 16. at the Lockerbie. Speeches will be made by members. Piano students of Francis H. Topmiller will be presented in a commencement recital at 8 Friday night in Cropsey auditorium at the Central library. Holy Name Society of St. Philip Neri church will give its last dance of the season Saturday night at the school hall, 535 Eastern avenue. Music will be furnished by Johnny Reddell and his Silver Nighthawks. Professor A. Dale Beeler, instructor in the department of history, will inaugurate anew course of methods at Butler university summer school, Professor George F. Leonard, director, has announced. The school opens Friday. “Revenue and Our Employment Problem” was the topic of an address by D. W. Hufford, Indianapolis, formerly an engineer with the public service commission, before the Indianapolis Engineering Sociey in the Board of Trade building today. Card party will be given by the Tenth Ward Republican Club Saturday night at the home of Mr. and Mrs. Clyde Jordan, 1512 Pleasant street. James M. Ogden, former attorneygeneral, will talk on the flag Friday at the weekly luncheon of the Exchange Club at the Washington.

Bright Spots

By United Press Edison Electric Institute reports electric output in United States last week rose to 1,541,713,000 kilowatt hours, gain of 7.4 per cent over like 1932 week. Jones & Laughlin Steel Corporation increases operations to 38 per cent of capacity having received largest weekly volume of orders in two years. Lynch Corporation reports May net profit of $42,645, against $21,271 in the full year 1932. Century Ribbon Mills, Inc., announces it will place all of its plants on 100 per cent operating schedule.

Indianapolis Cash Grain

—June 14— The bids for car lots of erain at the call ol the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41% New York rate, were: Wheat—Weak: No. 1 red. 67%f68%c; No. 2 red. 66%®67%c: No. 2 hard. 64%® 65 %c. Corn—Weak: No. 3 white. 32%®38%cNo 4 white. 36%©37%c: No. 3 yellow. 34% ®35%c: No. 4 yellow. 33%©34%c; No. 3 mixed. 33%fi34%c: No. 4 mixed. 32%® 33 %c. Oats—Easy; No. 2 white. 23®23%c: No. 3 white, 22 %© 23c. Hav—Steady. (F. o b. country points taking 23%c or ies srates to Cincinnati or Louisville.i No. I timothy. $5.50©6; No. 2 timothy. $5®5.50. —lnspections Wheat —No. 1 red. 2 cars: No. 2 red 2 cars. Totals. 4 cars. Corn—No. I white. I car; No. 2 white. 3 cars: No. 3 white. 4 cars: No. 4 white I car: sample white. 1 car: No. 1 yellow } car: No. 2 veliow 8 cars No. 3 yellow' II cars: No. 4 yellow. 7 cars; No. 5 yellow. 1 car: No. 6 yellow. 1 car: sample veliow. 4 cars; ear. % car. Total 42 cars. Oats—No. 2 white 6 cars: No. 3 white. 17 cars. Total. 23 cars. NEW YORK COFFEE FUTURES —June 14— RIO. High. Low. Close. January 5.73 March 5 80 5.67 5.71 May 5 73 5 68 5.70 July 5 90 5 *5 5 85 September 5 90 5.80 5 82 December 5.80 5 77 5.77 SANTOB January 7.94 March 7.90 7.87 7.90 May 7 79 7.78 7.79 July 8 27 8 20 8.20 September 8.12 AOB 8.10 December 8.02 495 7.88

PAGE 13

SWINE STEADY TO 5 CENTS UP IN FIRM TRADE Cattle Unchanged at Week’s Decline: Sheep Off Half Dollar. Hops were mostly steady this morning at the city yards, with the exception of a few choice lots selling 5 cents higher. The bulk. 160 to 350 pounds, sold for $4 40 to $4.50. Several butchers were sold at $4.55. with an extreme top recorded at $4 60. Weights of 130 to 160 pounds brought $3.75 to $415. Receipts were estimated at 7,000. Holdovers were 377. Slaughter classes were steady in the cattle market, price unchanged at the week's decline. Receipts were 500. Vealers were steady at $5 down. Calf receipts were 500. Lambs were weak to 50 cents lower this morning. The bulk of better grades brought $7 to $7.75. with a few at SB. Throwouts sold down to $5. Receipts were 1.000. With exceptionally slow trading in the early session, hogs at Chicago held around steady at Wednesday's average. The bulk of good to choice kinds scaling from 190 to 290 pounds was bid in at $4.50 to $4.60. Only little demand was evident. Receipts were estimated at 30.000, including 14.000 direct; holdovers, 4.000. Cattle receipts were 5.000; calves. 2,500; market unchanged. Sheep receipts numbered 7,000; market steady. HOGS J “ ne - ~ Bulk. Top. Receipts. 8. $4 50© 4.60 *4 65 8.500 9. 4 50® 4 60 4 65 7.500 10. 4.45® 4,55 4 60 3,500 12. 4 55® 4 60 4 75 7 500 13. 4.55® 4.65 4 70 11.000 14. 4 55® 4.65 4 70 9 000 15. 4.40© 4.50 4 60 7.000 Market, steady. (140-160) Good and choice....? 4 00® 4 15 —Light Weights—--1160-1801 Good and choice ... 430 (180-2001 Good and choice . 4.40 —Medium Weights—-(2oo-2201 Good and choice .. 445 (220-250 • Good and choice .. 4 45® 460 —Heavy Weights—-(2so-290) Good and choice.... 4 50® 4.60 (290-350) Good and choice .. 4 40® 4.50 —Packing Sows—(3so down) Good 4 00® 4 15 (350 up) Good 3.90® 4 10 (All weights) medium 3.60® 4.00 —Slaughter Pigs—-(llo-190) Good and choice.... 3.50® 3.75 CATTLE Receipts. 500: market, steady. (1.050-1,1001-Good and choice $ 5 25® 7 00 Common and medium 4 00® 5.25 (1 100-1,5001 Good and choice 5 25® 7 00 Medium 4.25® 5.25 —Heifers—-(sso-750) Good and choice 5 00® 6 00 Common and medium 3 50® 5 00 (750-900) Good and choice 4 50® 5.75 Common and medium 3.25® 4.50 —Cows— Good 3.50® 4.00 Common and medium 2.75® 3 50 Low cutter and medium 1.50® 2.75 —Bulls (yearlings excluded 1 Good (beef) 3.00® 3.50 Cutter, common and medium.. 2.00© 3.00 VEALERS Reeeipts. 500; market, steady. Good and choice $ 4.00® 5.00 Medium 3.00© 4.00 Cull and common 2.00© 3.00 —Calves—-(2so-500) Good and choice 3.50® 4.50 Common and medium 2.50® 3.50 —Feeder and Stocker Cattle—-(soo-800) Good and choice 4.75® 6.00 Common and medium 3.00© 4.75 (800-1.5001-Good and choice 4.75® 6.00 Common and medium 3.00® 4.75 SHEEP AND LAMBS Receipts, 1,000; market, ’nwer. —Lambs. Snorn Basis—(Bo Its. downl good Ac Choice.s 7 00® 800 (90 lbs. down) com. Ac Med... 5.00©; 700 —Ewes— Good and choice 2.00® 3 00 Common and medium I.oo® 2.00 Other Livestock BY UNITED PRESS CHICAGO. June 15.—Hogs—Receipts. 30,000, including 14,000 direct; slow, generally steady with Wednesday; bulk 190-300 lbs.. $4.50 ©4.60; top. $4.60; heavier w'eights down to $4.40 and below; 140-180 lbs.. $3.75 ©4.50; most pigs. $3.50 downward; packing sows. $3.75© 4.10; light lights. 140-160 lbs., good and choice. $3.65©4.35; lightweights. 160-200 lbs., good and choice, $4.10© 4.60; medium weights. 200-250 lbs., good and choice, $4 10®4 60; heavyweights. 250-350 lbs., good and choice. $4.35© 4.60; packing sows. 275-550 lbs., medium and good, $3.50© 4.25; slaughter pigs, 100-130 lbs., good and choice. $3.15© 3 75. Cattle —Receipts, 5,000; calves, 2.500; slow, catch-as-catch-can market on most killing classes; generally steady, but demand narrow’ on both local and outside account; largely steer run. but receipts increased bv fairly liberal holdover; medium weight and w’eightv steers from previous day; mostly $5.25©6 trade; sprinkling medium weights early up to $6.35, with long fed weighty bullocks. $5.60© 6; slaughter cattle and vealers: Steers. 550-900 lbs., good and choice. $5 25© 7.25; 900-1,100 lbs., good and choice. $5.25®7; 1.100-1.300 lbs., good and chi ice. $5.25© 7; 1.300-1.500 lbs., good and choice. $5.25© 6.50: 550-1.300 lbs., common and medium, $4®5.50: heifers, 550-750 lbs., good and choice. $4.75©,5.85; common and medium, $3.75©5; cows, good. $3.50®4 25; common and medium. s3® 3.50; low cutter and cutter cows, s2©3; bulls, yearlings excluded, good beef. s3© 3.50; cutter common and medium. $2.50©3.40; vealers. good and choice. $4.50©5.50; medium. $4®4.50; cull and common. $2.50®4: Stocker and •feeder cattle: Steers. 500-1.050 lbs., good and choice. ss© 6.50; common and medium. s4®s. Sheep—Receipts. 7,000; fairly active. steady with earlier sharp decline; bulk desirable native ewe and wether lambs. $7.25® 7.50 to packers: choice kinds averaging 68-75 lbs.. $7.85 and $8 to outsiders; slaughter sheep and lambs: Lambs 90 lbs. down, good and choice, $7.25©8; common and medium. $5©7.25; ewes, 90150 lbs., good and choice. $1.75® 3. all weights common and medium. $1.25©2.25. TOLEDO. July 15. —Hogs—Receipts. 250: market steady; heavy yorkers, $4.25© 4 50: pigs and lights, $3, $3; roughs. $3. Cattle —Receipts, light; market, steady. Calves —Receipts, light; market steady. Sheep and lambs—Receipts, light; market steady. CLEVELAND. June 15.—Hogs—Receipts. 1.300; holdover none; steady to 5c lower; bulk 160-300 lbs. sorts, $4.70; pigs largely $3.50; light lights. $3.75; rough sows. $3.50. Cattle —Receipts. 200; slow, demand narrow. common to medium steers under 1.000 pounds predominating and tending lower; scattered packages. $4.35® 5 65; low cutter to medium cows. $1.75© 3 50; desirable sausage bulls at $3©3.50: near steady. Calves—Receipts. 500; vealers weak to 50c lower; top. $6: bulk. $5.50 downward; cull to medium. $3.50© 5. largely around s4© 4.50. Sheep—Receipts. 500; lambs about steady quality considered: bulk. $7 50 down grade nearly good: throwouts and medium mixtures. $5©6.75: few plain yearlings, $4®5.25. EAST BUFFALO June 15.—Hogs on sal* —Receipts. 1.409; slow scattered sales weak to 10c under Wednesday's average, bulk unsold; few 240-270 lbs . $5; bid $5 05 for selected 220-250 lbs.; 180-240 lbs , $4 90; weights below 160 lbs. quoted $3.75®4 40. Cattle—Receipts. 50; cows unchanged; cutter grades. $1 85© 2 50; few plain Stockers. steers and yearlings, $4. Calves—Receipts, 150; vealers rather slow mostly steady: good to choice. $5.50®5 <5; few $6; common and medium. $4.50®5 25. Sheep—Receipts. 800; iamb trade practically at standstill, bidding unevenly lower, nolding best Kentucky lambs around $3.50; lew common throwouts sold at $5.75; odd iots year.-.ngs. 55.25. PITTSBURGH. June 15—Hogs—Receipt*. 1.800; market slow. 15®20c lower. 180-250 lbs.. $4.75© 4 85. 26C-300 lbs., $4.60© 4.70. pigs. $3.50© 4. pack.ng sow s, $3 25© 3.75. Cattle—Receipts. 50; market slow, weak; medium to good steers quoted *5 25© 6 35: heifers. *5 35© 5.50; lower grade cow s. $1 75 ®3. Calves—Receipts. 200. market steady; good to choice vealers. $4.50© 5. Sheep— Receipts. 800: market steady; better grad* iambs. $7.50® 8.25; yearlings. $5 25® 6 25. Bv Times Special LOUISVILLE. June 15.—Cattle—Receipts. 100: market, slow and barely steady on slaughter classes; bulk common and medium steers and heifers s4© 4.75; better finished drvfeds quotable. ss®6; bulk beef cows $2 25® 2.75; low cutters and cutters. *1.25 ©2. sausage bulls, *3 down: bulk light Stockers salable. $4.50 down Calves—Receipts. 175; market not established; buyers generally talking steady or mostly $3 50 down: sellers asking higher. Hogs—Receipts. 900 steady: 185-275 lbs.. $4 35: 275 lbs up *3.95: 140-185 lbs *3.50; 140 lbs down $2 35; sows. *2 85; stags. SI.BO Shc-'p—Receipts. 2.500: market, not established: indications fullv steady or *7 to mostlv $7 25 on better trucked in lambe with choice long haul overnight and rail lambs considered salable to *7 50 cr better Wednesday s receipts. 173 cattle; 305 calves: 1.315 hces and 3 589 sheep. Wednesday s shipments. 705 hogs: and 3 499 sheep. NEW YORK RAW SUGAR FUTURES —June 14— High. Low. Close. January 1 50 1 47 1.47 March 1 56 1 53 1 53 May 1 SO 1 58 1.58 July 1.41 1.37 1 37 September 1 42 1.39 1 39 December 1.49 i.46 i.*7 1