Indianapolis Times, Volume 45, Number 40, Indianapolis, Marion County, 27 June 1933 — Page 12

PAGE 12

Employment Increase Reflects Improvement in Business; Further Betterment Is Looked For. BY RALPH HENDERSHOT

Time* Special Financial Writer Employment in the United States has increased more than 1.600.000 since President Roosevelt took office, according to the American Federation of Labor. That is about the best news that could be announced to a country which had been hearing nothing but unfavorable reports during the last three years. It means that business has improved, and it means that business may be expected to improve still more when the new buying power which has been created begins to be felt. And the federation's figures probably do not tell the entire story. A further betterment no doubt has taken place since they were gathered. and. besides, a great many people also are enjoying more continuous employment than they had heretofore. The relief afforded should have

a cumulative effect throughout the nation. While it may be still too early to make positive statements concerning trade prospects, it looks very much now as if the worst of the depression is definitely behind us. The long-awaited spur to industry has been received, and everything points to increasing activity, even though some uncertainty still exists as a result of the methods employed to bring it about. a a a One Economic Truth Holds The reactionaries—those who were in favor of letting the depression work itself out if it took the next hundred years to do so—must be feeling a little low just now. They must be wondering how they ever got away with their preachings as long as they did. Some, of course, still claim the “New Deal” was an economic mistake, but the weight of their opinions is not so heavy any more—at least not in Washington. One important economic truth received confirma-

Ralph liendershot

tion in the depression:—We are more individualistic than nationalistic or intemationalistic. In other words, are still more or less selfish. We do not the things which we think will benefit us more personally and think of the other fellow after. The “Buy Now” movement failed for just that reason, and the “New Deal” is proving a success for the same reason. .. . a a a Public’s Actions Were Normal We refused to buy when prices were going downward because we thought we could buy cheaper later and because w r e thought we should hold on to the money involved; we hoarded gold because we thought it would be to our advantage; we took our money out of the banks because we thought we might lose it ourselves; w'e sold our stocks because we thought they were going down; we sold short because we thought we could make a profit for ourselves, and we bought stocks, commodities and other things during the last two months because we thought they were going up in price. We acted normally even under abnormal conditions, an dthose who were v/ell-informed and who, had money took advantage of those not so f-'ToraWy situated. President Rooseveit in calling for the industrial recovery act was, in effect, asking only for a police force for industry. Observation apparently had taught him that people in business act much the same as they do in their homes or in society; that some need the power of the law to keep them on the straight and narrow, and that the others need protection from their neighbors. He undoubtedly felt we had progressed too far to permit the law of the jungle to govern industry. When he blew the whistle for the "cops” some semblance of order at least was immediately restored. Now that the force is here, conditions should become even better.

New York Stocks

(Bv Abbott, f -June’27/\{u_ *.. High. Low. 11:00 close. ‘Amerada ■ ■ , 2S! 2 2 8 ! Atl RIB 29;4 J 9% 29 Z 9 . Barnsuall 9 9 9 a 9 Consol Oil .... • ■ ■ ‘2 * ,2 ■ Coin of Del .. 16 % 10 18 7 Houston inewi ® * ,° 7 " Houston (olai.. . Mia cont Pet.. H 12’, 14 13 r Ohio Oil }s,* i4. 2 Let Coni 14 8 }j3 2 Roval Dutch ... 31’a 31 31 31 Shell Union... 9 8% 8 4 2 -6bd Oil ••• ?f, 2 Ha 4 . Simms Pet 11 8 q 4 Skellev Oil /•. ~3 ’ ,* 3 . 141.1 Soc Vac . H% H’ B l^ 8 i! 3 4 SO of Cal 3,2, 3b * SO of N J 39 4 $5% ' Texas°Corp .’ . •■ • 24% 24', 24% 24-j 5‘n dC OU e o r s Cal" 20’, 20’, 20% 20 Steels — Am Roll Mills. 19'. 1§;, 19;, 8 lr.&K .. 42 4 42 2 2 2 -: |k Cos! Fuel & Iron i4% 14% 14% 14^ Gulf Sts^Steel. .29 *B% 29 “8% ■ Inland Steel *i£ 7i, 4 Ludlum Steel Il 2 R .i 'McKcesnort Tin ... 84 bj Na’l Steel 53% a3 a M i 52 2 Pen Iron A' Steel 18% 18'. 18 lB 4 Ren Ir A Stl nfd .. ... •••, 44 .* V S Smelt . 55;, J 4 55,? 54 8 Vanadium . 26 2 25 a 26, 2 Midland . • ■ 17 •*' ■; 8>: Atthlson 67‘2 66’, 67' 2 65'a Atl Cst Line 2?,, 221 4 ca,? 1 pbc ??% ivl ?$S Ch A Ohio 417* 41% 41% 41 a Chi &Gt W ... •• 4 4 IS CMA St P... 6 5 a 5 a 5,2 Ct MASt P pfd 10'a 10 % 10 2 10 Chi N W 9 3 , 9% 9 4 9 'Chi R Isl ■ ■ 5 a 5 4 1 DelaV Hud P a nd. 79 78'a 28% 76% Grt* Northern.. 21 3 , 24% 24;. 23;* 111 Central ... 32 3 h 31 .* 32 4 31 s "K C Sou i:,' 8 Lou A Nash 54 M K A T 15‘4 15 15 14 Mo Pac 5 2 g,; Mo Pac pfd .... .. ir, ,g7 2 N Y Chi ASt L 14% 14% 14% 13^ N Y New Haven 26% 26% 26% 25% .IN Y Out A West .. 33 Jo Norfolk A Wes 156, 153 156 102 •Nor Pac • ■. qqi *’9’ • Penn R R 30', 29; a 30 29 4 Sou Pac 30 29 3 30 29 . Sou R R 25N 24;, 25% 23 , Sou R R pfd... 33 >'4 32 4 33 4 31 4 Union Pac 119 118 119 ll' Wabash . •>. ~34 W Maryland 8 Auburn”" aB % 88 % £• o 5n y Motors’V. 29%* 29% 29®. Graham Mot . ••• ~ 4 Hudson g 12 TrmK 44 , 4314 22', ai®l S&kard s’" s'* Reo ‘" g,: g Stndebaker ■ r, * g Ycl'ow Truck .. 5 7 , 6 Motor Access 18 , 4 Bcndix 13 8 ” 4,,. 4g 1 Bonn Alum . q 7 20 Bore Warner 20 19 . - ,ji 4 •■Brleßs .. 12 4 12 J 43* p.,dd \Vlieel „> 13 Faton Mfs • 'j, 3l jiii R 23‘a Elec v.ipto Lite 24 23 J 4 za , 2 Hotid q, Mullllns Mlr ... q 7 , 0 j,; M'trrav Body ... 10 13 _, 4 stew Warner ... , n -i, 4 , n i, 'Timken Rol .... 31 30'* 30 . 30 a Minin. — 011. 21' 21 Alaska Jun .. 21®, 21 . 21 , zi Am Smelt ... i 7 , R j,., i 6 i, Anaconda 14 7 i. Cal A Hecla - ■ _f. 4 ei ß 2fi3. osi. Ccrro de Pasco 26 3 . 26 , 28 , 25 a Gt Nor Ore ® 2 2L Homestake Min. _■ „ , 2 Howe Sound 22 * 22 2 2 :, 8 Ins Copper 7 8 14 1( L 4 Int Nickel . ... -■ ••• i5, 2 18 4 Is'. Creek Coal.. ;2, * e 0 Kennecott Cop 20'a 20 4 .n 3 -u . Noranda Cop ~ ft," ?‘cJK""v.v:: ::: •. S-; AnT°S*m n Tob 1’ l*’* 16 * Ain Tob * qi Am Tob 91 4 'A 4 Ocn CiRSf • ... 'o*ji Ad% 09“ Li* A Myers .B> 9S‘. 93; a 93-. 92 . Lorillard . 23 4 z.i -j-* Reynolds T iß> 45'. 45', 45>, 45 a EauinmenU — ... Allis Chalmers .. 21N 21 a -1* -1 * WiVcS™ . 261 . 3 k \t< Am “wl h Fdy 20 8 . 20>a JO*. 19 3 . Bald Loco ■■ ■ u * Ji, W-r. . Cater Tract 24', 34 * .4 , 23 , Colßat Palm Peet Blec Stor Bat _ 4 5, Foster Wheeler 18'a 18, 18S 1* C,en Am Tk Car S7a 37* 3,S 36 3 4 Gen Flee 25;. 25 2* , Gen R R S'* 39 3 4 39 4 . 39S 39^a ln*sol Rand '0 • 69 • . Jnt Bus Mach.. . ■ • 3 ® ..j lnt Harvester .. 42 41'a 42 41 , . Kelvinator • ■ ii,® Natl Cash Re* 19', 18’, 18 4 , Proc A Gamble 43 a Pullman Inc •• Simmons Bed _ ii, 4 ITnd Elliot 33 ‘i 3Z‘ Weft Air, B ... ®4 29;S 29-;, 29 Westinah Elec 48'. 4. . 4. a 4, , \Vorthin*ton P.. 35 34'a 35 34 Am Pwr.. 17®. 17;. IP; l* 7 , a'taT * 130'. 129'a 129'* IMS •Am Wat Wks.... 38 7 . 38’. 38®. 37>. Brook Un Gas. ®^ 7 4 Cos! Gl AEI 26 25®. 25’. *3 a Col Gas A E pfd .... ®2Com A Bou 5 47, 4 , 4 , Consol Oas .... 59'a 58 . 59 58 . -Klee Pwr h Lit.. 13'a 13 . 13 . 11 4 flit tVt P .. ... 18’. 18', 18Ja 18 - k k ?2c rt feHr m i r *::: fct 8* |;® k “ltd Gas ...... I’. 19*4 19’. 19 ..Std Gas pfd •• ... 21 ! 4 united Corp 13’, 13', .Ub Gas Imp 22Vi S2 4 ,22 H 221,

Wall Street

oppm A Cos.) ————————————— .ut Pwr A Lit lAi 7 1 , 774 774 7'/, ! Western Union.. 58 :, 4 57 57 57 J , Rubbers— Firestone 24®. 24’4 24®, 23®i Gooarich 16 7 8 16 4 , 16 3 , 16'4 Goodyear 38'a 37'', 37 ■, 37', U S Rubber 15 14 3 4 14 3 4 14*4 U S Rub pfd. . . 287* 28' a 28®, 27 3 Kel Sprin* 4', 4 4 4 Amusement Crosley Radio... 12 ii- 3 4 n 3 ? ll a / 4 Fox film .3'/a 37* 3 4 3'a Lowes Inc 23', 23'a 23'a 23'a Radio Corp ... ... gn. RKO 4' 4 4 4 4’s Warner Bros 53.; 53. Foods— Am Sugar 67 66V2 ee l 4, 67 Armour A 57-i 5 3 4 s®, 574 Beatrice Cream 23' 4 22V 4 Borden Prod 35 347* Cal Packing 2574 25'a Canada Dry G A 19’;, 19v, Cont Bak A’ 16 15 7 Corn Prod ... ... 77 1 4 Crm of Wheat 36 36 Gen Foods 3774 37 3 4 37Y. 37>, Gold Dust 2374 23‘a G W Sugar 29'* 287/, 297* 28-a Int Salt 25 Loose Wiles '393* 391/4 Na'l Biscuit 55-8 5574 Natl D Prod ... 2274 22 1 /, 22'* 22 Purity Bak 22 74 22®, S Porto Rico S 35 34 3 4 34 3 4 34' 2 Std Brands 20% 2074 20 3 * 20‘a United Fruit ... 61-4 60>' 4 61 >4 59% Ward Bak A ... . . ig Wrigley 4074 49% Retail Stores— Ass Dry Goods 1514 Best A Cos 29 27% Gimbel Bros ... 7% Gimbel pfd 31 29% Gr Un Tea ... 107* 10% 10% . . Hahn Dept Sts.. 5 3 , 574 5 % 5*4 Jewel Tea . 40 Kresge S S 15% 1574 i5% 15% Kroger Groc 3174 31 31 31 Mac.v R IL. 60'/a 59% May Dept St 30% Mont Ward .. . 267* 267 4 267* 25' 4 Penny J C 44% 43 3 4 44% 43'Safeway St. 56% 56 ‘ Sears Roebuck.. 37% 3774 37% 37% Woolworth ... 46 3 a 45 Aviation— Aviation Corp.. 1274 1274 1274 12% Douglass Air i6 ig Curtiss Wright.. 3% 3% 3% 3% Curtiss Wr (A).. 67, 5% 5% 5% Nor Am Av 7% 7% 73. 73“ United Aircraft.. 31% 34% 3i% 33®, Chemicals—alF Reduction.. 88 87% 87% 87 Allied Chem - n 7 ! 8 j?,}. Am Coin A1c0h01337,5 7 , 35% 35% 34®, Col C.irbon 62% 61% 62% 61% Com Solvents... 23% 23% 23% 23' Dupont 02 fCT rt ? Te . X • 38 377, '3B 37®4 Liquicf Carb 9971 00. Math Alkali. ... 33% '32% 33% 325 8 Tex Gulf Sulph. 32% 32% 32% 32 Union Carbide... 42 4i 3 R 40 8 4TI U S Indu Alcohol 57% 57 57 iL* dbSSH: 89f ‘ 87,2 8824 85% Cotv Inc e! o, P r, 'K Inc 543* 's4®, 54% 541* Lambert 2 4 , 2 Lehn A Fink 21 91 8 Zonite Prod ... 6% 'fi’i k 3 Financial— 8 6 8 6 4 Adams Exp 1,1, Allegheny Corn.. 4% "4u l ii , 7 4 Chesa Corn 41% 40% 41 % 401 8 Transamerica .. .. 73* 4 5, 2 Tr Conti Corn.. 8% "s’, R'i a Building— a 8 8 4 8 Am Radiator 16% 16% I6i- iri Gen Asphalt.. . 21’J 21 21% 20% Int Cement .. . 34% 3334 oi 3 , 8 Sli 227 ’ , 22 ’ 8 % Miscellaneous— 48 Am Bank Note.. 25% 25% 25% os. Am Can 94*? k 2 S? 7 2 28 % Anchor Cap.. 8 8 ?^ 4 Man Tr 39%333,8 3 , 38 3 4 39'f Conti Can. . . 64 697 0 cos cot Eastman Kodak 2 8 gs 4 S? 2 Owens Bottle.. 77% - 77% 773. Si Gillette 15 143; 11 4 iliGlidden 144 }f, 8 Gotham Silk... .' 17 }§ 7 4 Indus Ravon .71 69% '70 3 4 6o> 4 Inter Rapid Tr 2 ,u 4 b e 3 ‘ Real Silk Hose .is ii% j 7 jS, 4 New York Curb I Bv Abbott, Hoppin A Cos ) —June 26 Close. ci nco Alum Cos of Am 90 Imperial Oil 11% Am Bev 2% Inti Ptrol.! "." ig 8 Am Ct PA L B 5% Lake Shore Mi 38' Am Cvan B 13% Lone Star Gas " li' Am A For Pwr 11% Mount Prod f Am Os A E 1... 45 Natl Bellas Hess 33 8 Am Sud Pwr... 7% Niae Hud P ?r 1?? 4 Ark Pwr A 3% Pan Am Airways 42 2 At.as Lt Crn.. 1 i 7 r Pf*nnroad 33* Bra* n T r'A Lt.! H' • J^ 2 Cent rC E °, m . V* t^a, C ZoV rod . ; I' Comm Edison!! 68 * ltd Oil of Kvc! 16% £ ord ,>, 11®, Stuta 171 8 RTF .A Cos 34% Translux . . . ; 2® 2 F%W Fii-V ?- 2 Founders 2% DiSipr Eire I‘v Unitrd noc <t I 1 ? nd fA_Sh 36®, Un Lt sf pwr A Y% Ford of Eng 5 United Verde 4% Ford Mot Can 12% Ltil Pwr A Lt..' 3 * Hudson Bav Mn 8 I'.V right Hargravs 6

In the Cotton Markets

CHICAGO —June 26 3ani '* r y 10 78 10*24 H 778 M3s rch !?:?! 1818 Julv 10 29 9 69 in 59 October lo go 995 10 60 December ... 10 75 10.16 10T0 NEW YORK , High Low Close January 10 85 70 17 10 35 M srch 10 99 10 32 10 99 M*V 11.12 10 46 11 12 JIV 10 30 9.57 10.30 October 10 60 9 90 10.60 December 10 77 10 07 10 70 NEW ORLEANS . High Low Close January 10.80 10 16 10.80 March 10.94 10.32 10 94 Mav n.07 10.47 11.07 October 10 56 9 89 10.53 December 10.71 10.06 10.68 , , CHICAGO FRUIT MARKET Bp l nitcfl Press CHICAGO. June 27.—Apples—Illinois Transparents bushel. 90c-.'*l Strawberries rv M '. c !?i Kan Premiers. Dunlaps Gibsons. *l® 125: Wisconsin B"avers. Premiers. $1,504/ 1. .5. Cherries- Michigan Sour 16 ouarts. 75c®$1. Raspberries—lllinois Red Lathams. *1 75*12.50: Indiana Reds $175 4/2.50; Indiana Blackcaps. $125®150 Blackberries market—Texas: United States No 1 Crystals White waxed and Yellow Bermudas bushesi.4o® 1.50: California, yellows. $1.4*51.60.

BANK CLEARINGS MOUNT TO NEW HIGHS FOR YEAR Increase of 16.3 Per Cent Is Registered During Past Week. By Timet (ipecial NEW YORK, June 27.—Bank clearings reported from all leading cities throughout the United States during the last week exceeded all recent records and were Larger than that of the same period a year ago, according to Dun & Bradstreet, Inc., weekly business review. Clearings during the week totaled $5,528,309,000, an increase cf approximately 13.3 per cent above that of a year ago. New York clearings showed a gain of 23.3 per cent. Steel Industry Strong Steel industry during the last week showed the best operating rate since 1931. With ingot prices advancing steadily in various districts, tin plate production continued to hold the lead, mills running at full capacity. Steel output in the Chicago district moved up to 48 per cent, with indications that it would reach 50 per cent this w'eek. Recent unexpected heavy demand for automobiles was believed partly responsible for the steel increase. Substantial improvement in nearly all manufacturing lines was evident during the last week, with several companies reporting increases in wages. Wholesale Orders Gain Wholesale markets have reported steady increases with volume of orders booked as high as 50 per cent above that of the previous year. A further decline was/ noticable in business failures in the United States. Defaults during the week totaled 396, compared with 401 and 378. respectively, in the two preceding weeks, and 613 in the same period a year ago. For thirteen consecutive weeks general business activity has shown progress over the previous week.

Average Stock Prices

Average of thirty industrials for MOll- - high 99.10. low 95.93. last 98.49. uap 2.82. Average of twenty rails 45.81. 44.TT. 45.46, up .98. Average of twenty utilities 35.58. 34.38, 35.20. up .64. Average of forty bonds 85.51, up .23. Average of ten first rails 91.01. up *34. Average of ten second rails 72.09. un .30. Average of ten utilities 92.76. off .09. Average of ten industrials 86.17. up .06.

Bank Clearings

INDIANAPOLIS STATEMENT —June 27 Clearings $1,213,000.00 Debits 3,765,000.00 TREASURY STATEMENT —June 27 Net balance for June 24. . $966,389 948 94 Expenditures 25.307.654.84 Customs rects. mo. to date.. 18.00J.681.25 New York Bank Stocks (By Abbott, Hoppin & Cos.) —June 26 _ , Bid. Ask. Bankers 7“. S3>/4 63'/2 Central Hanover 137 139 Chase National 7p% 3114 Chemical o*4 41 National City 43*4 351,4 Corn Exchange 58V4 59*4 Continental 16 l6*/ 2 First National 1,445 1 460 Guaranty 304 ’506 Irving 21*/4 21% Manhatten & Cos 31*/4 31% Manufacturers i7'/ 2 17*/ 8 New York Trust 94% 95% Liberty Bonds By United Press NEW YORK, June 26.—Closing Liberty Bonds: (Decimals represent 32nds>. Liberty 3%s 1'32-'47t 102 21 Liberty Ist 4%s i’32-'47i 102.12 Liberty 4th 4Us i'33-'3Bl 103. TANARUS, easurv 4' 4 s i '47-'52) *... HO Treasury 4s ('44-'s!> 106 13 Treasury 3*4s C46-'56) 104 22 Treasury 3%s C43-’47i 102 16 Treasury 3* B s i'4l-'43) March ... 102 7 Treasury 3*ss C4O-431 June 102 7 Treasury 3'aS (’46- 49) 100 4 Treasury 3s (’sl-’55) 98 29

Daily Price Index

By United Press NEW YORK. June 26.—Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for the United Press: (1930-1932 Average. 100) Today 97.34 Saturday 94.87 Week ago 92.66 Month ago 89.22 Year ago 73.38 1933 High (June 261 97.34 1933 Low (Jan. 201 67 86 (Copyright, 1933, bv Dun & Bradstreet, Inc.)

Produce Markets

Delivered in Indianapolis prices: Hens, hea\y breeds over 4% lbs.. 8c; Leghorns. 6c. Broilers; Colored springers. 17* lbs. up. 13c; springers (Leghorn). 1% lbs. up. j 10c: barebacks. 7c: cocks and stags. 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 each lb. under 55 lbs. gross will be made. Quoted by the Wadley Company. BY UNITED PRESS CHICAGO. June 27.—Eggs—Market firm: prices %c higher: receipts. 12 76i cases: extra firsts. 13%® 14c: firsts. 13%® 13%c: current receipts. 12%c: dirties 10%c. Butter—Market, firm: price % to %-c higher; receipts. 14.899 tubs; specials 24%®25%c: extras. 24%e: extra firsts. 23 ®23%c: firsts. 21 %® 22c: seconds. 18(i/20cstandards. 24%c Poultry—Market, steadv' receipts. 52 trucks: fowls. 10®10’ac: Leg 7 horns broilers. 12® 13c: Leghorns 8c ducks. 6®9c: geese. 6' 2 c: turkeys. 10®llc : [ reosters 8c: brcilTs 14®18c: stags lie Cheese—Twins. 13®13%c: Lonehorns 13‘a ® 13%c. Potatoes—On track. 238: arrivals [54: shipments. 597: market, dull, about steadv. Oklahoma and Arkansas sacked Triumphs *2® 2.35: Missouri sacked Cobblers $2.25® 2.40: North Carolina, barrel Cobblers s4® 4.25: Washington sacked Rus>e)s S3 20; Michigan sacked Russet Rurals $1.35® 1 $5. * $750,000 TO BE PAID One-Eighth of Indebtedness Will Be Retired. A total of $750,000. one-eighth of the city's Barrett law indebtedness of $6,000,000, will be paid within the next three months, the first payments to be made Saturday. Martin H. Walpole, chief clerk in the Barrett law department, in announcing the payment plan today, j said the $750,000 will cover both bonds and interest for various projects. including sewer construction and street improvement. NEW YORK COFFEE FUTURES —Junp 26 RIO High. Low. Close. March 5 50 5.43 5.43 May 5 54 5.43 5.44 July 5.47 5.45 5 47 September 5 59 December 5.59 5.47 5.59 SANTOS January 7 71 March 7.63 7.59 7.59 Mav 7 60 July 7.83 7.75 7.75 September 7 79 December 4 ., 7.7* 7.65 7.73

THE INDIANAPOLIS TIMES

INDIANA STOCKS AND BONDS

The following quotations do not represent actual bids or offerings, but merely j indicate the approximate market level | based on buying and selling Inquiries or ! recent transactions. ' —June 27 STOCKS Bid. Ask. Belt Rail & Stock Yards com. . 25 29 Belt Rail & Stock Yds pfd I Citizens Gas com 13 17 Citizens Gas Cos pfd 5% 63 68 Home TANARUS& T Wavne pfd 1% 36% 40% Ind & Mich Elec Cos pfd 7%. . M 72 Ind Gen Service Cos pfd 6®- 60*2 64% Ind Hvdro Elec Cos 7% 25 29 Indpls Gas Cos com 40 44 Indpls Pwr St Lt 6% 63 67 Indpls Pwr <fe Lt Cos pfd 67% 71% Indpls Water Cos pfd 5% ... .87 91 No Ind Pub Serv Cos pfd 5*2% 87 91 No Ind Pub Serv Cos 6®, 38 41 No Ind Pub Ser Cos 7% 40 43 Public Serv Cos of Ind pfd 6® 16 19 Public Serv Cos of Ind pfd 7% 38 40 South Ind Gas & El pfd 5T- .52 55 Terre Haute Elec pfd 6%... 40 42 BONDS Citizens Gas Cos 5s 1942 78*a 82* 2 Home T <te W 5%s 1955 93‘a 97*2 I Tome T & T W 6s 1943 94% 98'a , Indpls Gas Cos 5s 1952 72 75 Indpls Rys Inc 5s 1967 24 29 Indpls Water Cos 5' 2 .s 1952 . 95 99 Indpls Water Cos 5s 1960 92 96 Indpls W r ater Cos 5s 1970 97% 95 '2 Indpls W’ater Cos 5%% 1953.. 97*2 101% Indpls Water Cos 5'2.s 1954.. 97 101 Kokomo Water Works 1958.. 72 76 Lafayette Tel Cos 5s 1957 81 85 Muncie Water Works 5s 1930.. 90% 94'2 Richmond Water Works 1957.. 81 85 Terre Haute Water Wk 5s 1956 82*2 86% Terre Haute Wat Wk 6s 1949 91 95 Traction Terminal Cos 5s 1957 42 46 Joint Stock Land Banks Bid. Ask. Atlanta 5% 40 43 I Atlantic 5% 45 48 Burlington 5% 35*2 38*2 i California 5% 54% 57*2 ! ’Chicago 5% 24'.a 27* 2 Dallas 5% 51'2 54*2 Denver 5% 51 54 1 Des Moines 57r 46% 50*2 First Carolina 5% 34 37 1 First Ft. Wavne 5% 51 54 ; First Montgomery 5% 38 41 ! First New Orleans 5% 46*2 40*2 First Texas 5% 44Vi 47*2 ; First Tr Chicago 5% 53*2 56*2 . Fletcher 5% 38 72 ! Fremont 5% 50 53 Greenbrier 5% 47 50 Illinois Monticello 5% 60*2 63*2 Illinois-Midwest 5% 43 46 Indianapolis 5% 77 81 lowa 5% 57 60 Kentucky 5% 60 63 Lafavette 5% 51 54 Lincoln 5% 50 53 Louisville 5% 51V2 54*2 Marvlard-Virginla 5% 63 66 Mississippi 5% 43 46Vi New York 5% 46*2 49*2 North Carolina 5% 39*2 42*2 Oregon Washington 5% 37*/ 2 40*2 Pacific Portland 5% 45V2 48*2 Pacific Salt Lake 5% 50 53 Pacific San Francisco 5% 50 53 Pennsylvania 5% 53 57 Phoenix 5% 67 70 Potomac 5% 49 52 •St. Louis s<7r 24*2 27Vi San Antonio 5% 5412 57*2 •Southern Minnesota 5% 14 15 Southwest 5% 41 44 Tennessee 5% 44*2 47V2 Union Detroit 5% 46 49 Union Louisville 5% 52 56 Virginia Carolina 5% 43 46 Virginian 5% 52 55 •Flat. N. r. c. pla¥ JOBS FOR 900 '■ - - # Freight Car Handling Gain May Bring Employment at Rail Shops. Increase in the business of Indianapolis manufacturing concerns # is reflected in the gain in freight car handling into and out of Indianapolis, according to G. S. Brecount, trainmaster for the Indianapolis terminal of the New York Central lines. More freight cars were handled last Saturday and the previous Saturday at the Indianapolis terminal than since Aug. 22, 1931, according to Brecount. He reported that on June 17 of this year, there ware 3,823 cars handled and last Saturday the number totaled 3,814. An unusual feature of the freight increase, Brecount said, is the demand of a number of local manufacturers for Sunday service. Brecount said he has been informed that the New York Central contemplates its largest program in forty years at the freight car department of the Beech Grove shops that alone will require about 900 men. Carloadings showed a 40 per cent increase in May over May of 1932,1 and the first twenty-five days of June reveal a 30 per cent gain over j a corresponding period in 1932. The 1 April increase was about 11.5 ppr cent, Brecount said. AGED MEN COLLAPSE FROM GAS FUMES Duo Overcome While Doing Laundry Work. Sam Thornburg, 68. and his brother, Frank, 70, were overcome by carbon monoxide fumes today in the basement of their home at 1907 North New Jersey street. The fmes emanated from a gas heater which the men were using while doing laundry work. Sam was unconscious half an hour and his brother for a shorter period. Treatment was given by the police first aid squad and a physician.

Investment Trust Shares

(By Abbott. Hoppin & Cos.) —June 26 . _ . , Bid. Ask. American Bank Stocks Corp 1.28 1 46American Founders Corp . . 187 200 American & General Sec "A" 550 653 Basic Industry Shares 3.41 British Type Inv Tr Sh 93 i’oo Collateral Trustee Shares A. 4.75 512 Corporate Trust Shares old 2.58 Corporate Trust Shares (new) 2.44 251 Cumulative Trust Shares . .. 4.21 Diversified Trust Shares ”A" 6.50 Diversified Trust Shares "B". 8.50 875 Diversified Trust Shares "C” 3.23 331 Diversified Trust Shares ‘D" 5.37 587 First Insurance Stock Corp. 1.62 192 First- Common Stock Corp.. 1.21 141 Fixed Trust Oil Shares “A”.. 9.25 Fixed Trust Oil Shares ”B”. 7.60 Fundamental Trust Shares A 442 452 Fundamental Trust Shares B 4.25 431 Low Priced Shares 5.75 ....! Mass Inve- Trust Shares 18.62 20.12 Nation Wide Securities 3.64 ! North Am Tr Sh 119531 200 ..! North Am Tr Sh i'ss-’56)... 2.58 2.35 ! Selected American Shares ... 2.75 .. .I Selected Cumulative Shares.. 697 7.07 , Selected Income Shares 3.73 3.85 i Std Amer Trust Shares 324 3 30: Super Am Trust Shares "A". 3.09 Trust Shares of America 3.15 320 Trustee Std Oil "A” 5.50 6.00 I Trustee Std Oil ’B” 4.75 5.00 1 U S Electric Light & Pow A 16.25 ....I Universal Trust Shares 317 3.27 j DROPS DEAD AT HOME Heart Disease Fatal to Man; End Comes Talking to Neighbor. While talking to some neighbors, in front of his home Monday. Louis Sabin. 55. of 961 Haugh street, dropped dead Dr. E. H. Wilson, deputy coroner, j said death was due to heart disease. Sabin, a native of Austria, came to America forty years ago. He was a bachelor and had no relatives here. The achievement of producing welded steel pipe is one of the important developments in welding research.

SWINE VALUES HOLD FIRM IN QUIETTRADING Cattle Steady With Weaker Undertone: Sheep Show Lower Trend. Hogs were mostly steady this morning at the city yards, prices showing very little change from Monday s average. The bulk, 190 to 350 pounds, sold for $4.35 to $4.45, with a small lot or two at $4.50. Weights of 130 to 160 pounds brought $3.60 to $4. Receipts were estimated at 10,000. Holdovers were 276. Early sales in the cattle market were around steady, but most buyers were bidding lower on stock not exactly suited to their needs. The I market had a slightly weaker under- ! tone. Receipts were 1,600. Vealers were steady to 25 cents lower at $5.25 down. Calf receipts were 600. Lambs were around 25 cents lower, most sales at $7 to $7.50. A few ewe and wethers brought up to $7.75 with a top of SB. Receipts were 2,300. Slow action was displayed in hog trading at Chicago, with asking slightly higher and few scattered bids fully steady at Monday’s average. The bulk of strictly choice kinds weighing from 210 to 240 pounds was bid in at $4.50. Receipts were estimated at 25,000, including 8,000 direct; holdovers 2,000. Cattle receipts numbered 5,000; calves, 2.500: market unchanged. Sheep receipts were 8,000; market strong. • HOGS June. Bulk. Tod. Receipts. 20. $4.40®, 4.55 4.55 12,000 21. 4.45© £.55 4.60 10.000 22. 4.45© 4.55 4.60 9.000 23. 4.40® 4.55 4.55 10,500 24. 4.25® 4.45 4.50 4.500 26. 4.35® 4.45 4.45 8,500 27. 4.35® 4.45 4.50 10,000 Marbe*, steady. (140-160) Good and choice....s 3.85® 4.00 —Light Weights—-(l6o-180) Good and choice.... 4.25 (180-200) Good and choice... 4.30® 4.35 —Medium Weights—-(2oo-220) Good and choice.... 4.40 (220-250) Good and choice 4.40® 4.50 —Heavv Weights—-(2so-290) Good and choice.... 4.40® 4.50 (290-350) Good and choice.... 4.35® 4.45 —Packing Sows—(3so down) Good 3.85® 4.00 (350 ud) Good 3.75® 3.90 (All weights) medium 3.50® 3.85 —Slaughter Figs—-(llo-190) Good and choice... 3.00® 3.35 CATTLE Receipts, 1,600: market, steady. (1.050-1,1001-Good and choice $ 5.25® 7.00 Common and medium 4.00® 5.25 (1.100-1,500) Good and choice 5.25@ 7.00 Medium 4.25® 5.25 —Heifers—-(sso-750) Good and choice 4.75® 6.00 Common and medium 3.50® 4.75 (750-900) Good and choice 4.25® 5.75 Common and medium 3.25® 4.25 —Cows—

Good 3.25@ 4.00 Common and medium 2.50® 3.25 [ Low cutter and medium 1.50@ 2.50 —Bulls (yearlings excluded) Good (beef) 3.00® 3.50 Cutter, common and medium.. VEALERS Receipts, 600; market, lower. Good and choice $ 4.75® 5.25 Medium 3.50® 4.75 Cull and common 2.00® 3.50 s(2so-5001 Good and choice 1 3.50® 4.50 Common and medium 2.CO® 3.50 —Feeder and Stocker Cattle—-(soo-8001 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, 2,300; market, steady. „ , —Lambs. Shorn Basis—(9o lbs. down) good A choice * 7.00® 8.00 (90 lbs. down) com. & med... 5.00® 7.00 _ . . —Ewes— Good and choice 2.00® 3.00 Common and medium I.oo® 2.00 Other Livestock by UNITED PRESS June 27.—Hogs—Receipts. 25.000: including 8.000 direct; active, fully 5c higher than Monday’s average; packing s°ws. 10® 15c higher; 200-300 lbs.. $4.45® $4 'A 5: 3 1 400 >bs.. $4.15®4.55: 160-190 lbs., $4®4.50: good pigs, $2.75®3backing sows. $3.40®3.75; light lights. 140160 lbs., good and choice. $3.25® 4.25: light f el abjs. 160-200 lbs., good and choice. 53.70® 4.55: medium w-eights. 200-250 Its 7sn d a?e nd ,. choice - 250-350 lbs., good and choice. $4.35® 4.55: I2?’ s 7 275 - ! j 3o lbs., medium and good. $3.25® 4.15: slaughter nigs 100-130 lbs., good and choice. 52.70®3.25. Cat-tle-Receipts. 5.000: calves. 2.500; strictlygood and choice fed steers and long vearings. strong to 15c higher: largely- a forced market due to small supplies: common and medium grade steers about steadv vvith grassers very dull on both killer and Stockers account: most beef steers. $5.25® 6.25: with better grade. $6.25® 6.85: other c i® sses - , fully steadv; medium to a°°A. Habt vealers w-eak at $5.25 downward. choice kinds. $6 mostly, few $6.50. f' au fhte r cattle and vealers: Steers. 550V?n n lb fu Bood and choice. $5.25® 7.25: 900iinn ilnn eood 2 nd J c hoice. $5.25®7.25: Uno'JsSS £*- 1 Jo!! 0 ,L bs - ecod and choice. $5.25® 6.75: ftln 00 i, lb! f coifmon and medium. $3.50 “15.50, heifers. 550-750 lbs., good and 4 ' 73 ' eood - 83.25®4: common and ter d $5 n 75® 2 ? s sm 3 k 25 i i i low cutter and cutter. $1 75®.2 50: bulls, yearlings excluded good beef $3®3.50: cutter common and T dlum '.,. $ ? 7 3CKi3 - 50: vealers. good and choice. $4,754/6' mp-iii,,-, $4.25®5- cull c b m n?pn. $2.50® 4.25. Stocker and feeder cattle: Steers. 500-1050 lbs. good and choice, $4,504/5 75: common and mefe. *3.254/ 4.50. Sheen—Receipts. 8.000: 7M Vne h^i ICe la ™ bs - strong; small lots 785 10c higher: other weak tending lowerecod to choice light weight lambs. s7® /.25: practical top. $7.50. Slaughter sheen end lambs—Lambs. 90 lbs. down, good and choice. s7® 7 75: common and medium $5 4//: good and choice, $175®3: all weights co S’. r F,‘i!? rmrl m, 'dium. $1.25®2.25 F AS , T 1 BUFFALO. June 27 Hogs—On sale. 1.100: weights above 180 lbs., fairlv active. 5® 10c over Monday s average: bulk Hi^. Pr % f ( eW e 150 lbs - * 4 25: P iBS a n d "n----derweights draggy. $3,754/4. Cattle—Receipts. 75: bidding slightlv lower on meer ,nn COWS .scarce, steady. Calves— Sfofp? l iJ2°i : v 22 lers unchanged: good to *4 snilo as K ei, $6: common and medium. % Sheep—Receipts. 200; odd lot lambs steady, all factors considered; m°j!™. I? good. $7.25® 8: throwouts, $6.50 down; few fat ewes, $1.50®2. FOO IT m!?iH^ GI ?- June . 27 ; H °KS—Receipts. tW), market slow, steadv to Sr hierhpr?nn’ 2 i'v*° ci 4 ' 4.80. mostly $4.75 *260- ™ * 4 A° 4 ' 4 - 68: Pies s3® 3.50: packL nß • 83.50 dow-nward. Cattle—Re- ? al D l : -I s - market, about steadv: medium ♦a of?°s d o- ste^, rs ; auoted *s® 6.50: heifers Ifin 115 ' 2 !: ~C Blvt8 —Receipts. 125: market' steadv: better grade vealers. $54/5 75' Sheep—Receipts. 300: market, steadv; good to choice lambs. *7.504/8. ’ KOOQ 1 fnn E Y,eL AND ’ June 2T—Hogs—Receipts. 1.700. holdoy-er, none: steadv to 10c higher: early bulk 160-300 lbs.. *4.70; 150 lbs. down, also sows. $3.2547 3.75; lareeiv $3 50 down on most classes. Cattle—Receipts W 0W ’ jlcady to lower: odd common J" K medlum steers - 84.50® 5. including 1.208 lbs.: grassers at inside: low cutter to medium cows, $1,754/3.25; sausage bulls f rou ?4 and ,82 90® 3.40: butcher kinds upwards to $4.10: calves, receipts. 600: slow about steady: bulk vealers. $5.50®6; head *6 50; onLv scattered culls available below **■ Sheep—Receipts. 700: lambs weak ’2 0 -^ c - p*4 >we i r - B°od to choice mixture. S7.2S® 1.75; largely; choice package. SB- - around *5.504/6.50: desirable $2 50 lmgS ' scarce; few plain aed aethers, TOLEDO, Jue 27.—Hogs—Receipts, 300; steady and light; heavy yorkers, •£}•: ml * ad and bulk of sales. $4,404/ 4.50: pigs and lights. 33.75® 4: medium and heavies. $4'i4.50; roughs, $2 75 <a 3. Cattle—Receipts, light; market, steadv calves, receipts, light: market, steady-' Sheep and lambs—receipts, light; market steadv. LAFAYETTE. June 27.—Hogs—Markt steady: 200-300 ibs.. $4.25® 4 30: 300-325 lbs.. $4.25: 170-200 lbs.. $4.1047 4 20- 140170 lbs.. *3.60® 3.75; 100-140 lbs.. $2 75® 3.35: roughs. $3.60 down; calves. $4.50top lambs. $7. By Timm Special LOUISVILLE, June 27.—Cattle—Receipts loO: slow, mostly steadv with Mondays aecline; bulk common to m“dium gra's steers and heifers. $3 75® 4.50: bpst fed kinds quotable to $5.50; bulk all cow ; s 8125®2.50: few eood heifers: nulls, mostly $2. .5 down: bulk better sto-kers $44/ 4 50: best eligible around $5: calves receipts. 300. steady; bulk belter vealers. $3.50® 4. medium and lower grades $3 down. Hogs—Receipts. 1.000: weights 140 lbs. down, steady, others 10c higher; 1852/5 lbs. $4 35: 275 lbs up. $3 95; 140-185 los.. *3 dO: 140 lbs. down. $2: sows. $2 85; stags. *I.BO. Sheep—Receipts. 4.500: market not established, generally bidding 50c lower on all grade lambs, or mostly *6.754/ 7; bulk better truck lambs choice haul overnight and rail lambs bid mostly *7.25sellers resisting the decline. Monday’s receipts—B2l cattle. 1.058 calves. 1.276 hogs and 195 sheep Monday's shipments—92 *tUe, 604 cjuvjs, 40.1 hogs and 5.334 sheep.

Totlay and Tomorrow— U. S. Government Must Decide Whether to Revalue the Dollar Now or to Keep It Depreciated. BY WALTER LIPPMANN

LONDON, June 27.—The first impression which one receives on arriving in London is that the American delegation has lost contact with the President and has become divided and demoralized. The impression is not in itself untrue. It is evident, for example, that our delegates are attempting to follow a set of instructions which derive from ideas that were current before the logic of the American domestic program or of the forces it already has set in motion we clearly understood. The consequence is that the delegates, when they arrived to negotiate. were'like men who thought they wer sitting down to a light breakfast of orange Juice and coffee and found themselves the guests of honor at a heavy banquet. *

They are bewildered. In their bewilderment they have lost their morale, and are at the moment wandering about in a fog of gossip and innuendo. a a a ALL of this is only too painfully evident. But it is very easy to exaggerate its importance, and easier still to be wholly misled by it.. Thus a little inquisitiveness soon will teach any observer here that divided counsels and uncertainty of policy are not confined to the Americans. They are present among the British. If any one supposes that the British government has more definite convictions than ours as to what it wants and where it is going, he is. I think, greatly deluded. The British are more discreet than we are. They'keep up appearances more successfully. They do their hesitating

and their arguing in private. But they argue and they hesitate, and under the outward calm and correctness of their public behavior they are, I beliece, beset by even deeper conflicts of purpose and of interest than we are at this moment in the United States. In candid conversation well-informed Britons not onlv recognize this, but admit that tne decision which i ’

confronts the American government is one which it is not easy to make, and that the difficulty of making this decision explains all the superficial confusion of American policy. WHAT is this decision which confronts the American government? It is whetner definitely to revalue the dollar now or to keep the dollar depreciated and fluctuating under the threat of a future devaluation to an undefined amount. These are the two possibft courses we can take, and nothing else of any consequence can or will be settled here until our decision has been reached. For the value which we ultimately put upon the dollar wjll determine the monetary policy of the other nations. The first two weeks of the conference have established this important truth. Although there is much talk about returning to the gold standard, the fact is that the effective monetary standard of the world is the dollar. Our task is to weigh the advantages and disadvantages of the two policies: The policy of immediate devaluation by a definite amount and our present policy of fluctuating depreciation under the threat of eventual devaluation.

ft tt o WHAT is to be said for our present policy? Chiefly. I think, that until American prices have risen to the point where costs and prices are in working balance, no one knows exactly how to value the dollar in terms of gold. Since we do not know how much prices will rise in other countries, we do not know how much, if at all, the dollar needs to be deprecated, and so we hesitate now to fix its value arbitarily. We might devalue too much and get too great a rise in our prices. We might devalue too little and get too small a rise. What is to be said for the opposite policy: That of an immediate definite devaluation The first thing to be said for it is that an American devaluation of 25 to 30 per cent would almost certainly bring about devaluation in practically every other country. The effect of this should be to raise not only American prices, but world prices, and thus produce a general upward movement everywhere. If this were achieved, it certainly would be to our advantage, for obviously, though we must raise our own prices in any event, it would be far better if they did not rise too much above prices elsewhere. The second advantage claimed for immediate devaluation is that it would avert the danger that the| present upward movement of prices '■ in the United States might be halted suddenly by a sharp rise in the value of the dollar due to a fall in the value of sterling and of the franc. I do not know how real this danger is, but many competent and disinterested men believe that in j the autumn this danger will exist, - owing to the fact that at that sea- j son the exchanges tend to move i strongly against Europe. This is a question which ought to' be examined very carefully with a view to determining whether a definite devaluation this summer will or will not provide a more solid foundation for the advance of prices than we now have from the threat of eventual but indefinite devaluation. (Copyright, 1933) SLOT MACHINES ARE ORDERED WRECKED $25 Fines Suspended for for Three by Judge. Pleading guilty to charges of operating slot machines, three defendants, George Bocaloff, 36 Kentucky avenue; Bradford Hodge, 127 j West Market street, and George ! Woolsey, 139 West Market street, were fined $25 and costs each, with ! judgment suspested, today by Municipal Judge Dewey E. Myers. The defendants were arrested in; a raid made by police in May. The slot machines were ordered j destroyed and the money found in { them will be placed in the municipal j court charity fund. Arrested on a charge of operating a gaming house at 401 Virginia avenue. Floyd Newman paid fines totaling $45 on conviction by Myers. Other Livestock BY UNITED PRESS EAST ST. LOUIS. 11l . June 27.—Hogs— Receipts, 13,000; market, strong to 10c j higher; toD, $4.60; bulk. 190-270 lbs . *4.45 4 t 4.55; 170-190 lbs.. $4 35® 4.45: 140-160 lbs. $4 25; 100-130 lbs.. 2.75® 3.25; sows. *3.50® 3.75. Cattle—Receipts. 3.300; calves. 2,200; I market. 25c lower on vealers at $4.75 other classes opened steady with weak undertone on mixed yearlings and heifers: I early steer sales. *54/6.40; mixed vsarlings and heifers. ss® 5.75: top sausage bulls. *2.85. Sheop—Receipts. 7,500; market, weak to lower; bulk lambs. 57®7.25 top kind. $7.50. buck lambs *1 less; throw- ; outs. $4: fat ewes. 1.50®2.50. FT. WAYNE. June 27 —Hogs—Market 5c higher; 250-350 ibs.. *4.40: 200-250 lbs *4.30 :170-200 lbs $4 20; 140-170 lbs. S3 90: 100-140 lbs.. $3 25: roughs. S3 25; stags, i $2 25: calves, $5.25; spring lambs. *7. Cat-tle-Market. steers, good to choice. *s® 5 50; medium to good. *4 50 ®5; common! to medium. $3.50® 4.50: heifers good to i choice, $5®.50; medium to good'. $4 50® 5 j common to medium. $3.50® 4.50: cows, ! good to choice. s3® 3.50; medium to good I *2.50 53: cutter cows. s2® 2.50; canner | cows. *l® 2; bulls, good to choice. *3®3.53 medium to good. *2.7sufc

L : ;s y ;.v.<:V' *■ i

Lippmann

The City in Brief

WEDNESDAY EVENTS Kiwania Club. Luncheon, Columbia Club. Lions Club, luncheon. Washington. Purdue Alumni Association, luncheon, Severin. American Legion, Twelfth district. Board of Trade. Baraca-Philathea Union, convention. 4 p. m.. Lincoln, and 8 p. m.. First Baptist church. League for the Hard of Hearing, meeting. 7:30 p. m., Stokes building. Apartment Oaners. luncheon, Washington. Home Builders' Association, dinner, 6:30 p. m„ Washington. Mayor Reginald 11. Sullivan Monday was presented with a large American flag by a committee of the woman's auxiliary of the Span-ish-American War Veterans in convention here. Principal speaker at the luncheon Wednesday of the Kiwanis club at the Columbia Club will be Hilton R. Jones, Chicago rresearch chemist. Speaker for the Lions Club luncheon Wednesday at the Washington will be the Rev. Guy O. Carpenter, pastor of the Irvington Methodist church. Mrs. Lottie Cook, 1315 Polk street, will be hostess Thursday at her home for the George H. Chapman drill team. No. 10. A covered dish luncheon will be served. A business session in the afternoon will be followed by a card party. Picnic of the Fountain Square Safety Club will be held Thursday at Garfield park, sponsored by the accident prevention bureau of the police department. A program of semi-classics, folk songs and spirituals will be given at 7:45 Thursday night at Central Avenue M. E. church by the Negro male quartet of Clark college, Atlanta, Ga. While his truck was parked in front of a South Eighth street restaurant Monday, Lawrence Turner of Lebanon, reported to police that cigarets valued at SSO were stolen. Last meeting before the vacation period will be held tonight by the Butler-Fairview Civic Association in the Fairview Presbyterian church, Kenwood avenue and Forty-sixth street. Paul C. Wetter, president of the Indianapolis Federation of Community Civic clubs, will speak.

Chicago Stocks By Abbott. Hoppin & Cos.

TOTAL SALES. 118,000 SHARES ■—June 26 Low. Close. Abbot Lab ... 36% Acme Steel Cos ... 37% Adams Mfg ... 11 Adams Royalty 3 Allied Products ... 21% Asbestos Mfg 4% 4% 4% Assoc Telephone Util % Automatic Washer 1% Bartian-Blessing 13 12 13 Bendix Aviation 19% 18% 187? Binks Mfg 5% Borg Warner 19% 18% 19% E L Bruce Cos 16 14% 16 Bunte Bros 414 Butler Bros 5% 5% 5% BerghofT 19 18% 19 Cent 111 Pub Serv pfd . 25% 24 24 Cent Ind Power pfd . 15 Cent Pub Util % Chi & North Western . 9% 8% 9 Chi City & Com Rvs 1 Chicago Corp com ... 4 3% 4 Chicago Corp pfd 26% 25% 25% Cities Service 47% 4% 4% Club Aluminum v. Commonwealth Edfcon 68 65 68 Construct Material pfd 2% Consumers 6% Pr pfd.. 4% Cord Corp 11% ii% n% Crane Cos 9 83* 9 Crane Cos pfd, 45 Decker & Cohn ...: 2 Dexter Cos 8 7% 7% Electric Household . 12% Godchaux B ... 7 Goldblatt Bros 23% 23 23% Great Lakes Aircraft.. 1% 1% 1% Great Lakes Dredge . . 17 16% 17 Greyhound Corp 114 1 Grigsby Grunow 2% 2% 2% Hall Printing ... 7 Hart-Carter pfd ... 7% Hormel & Cos 20 Houdaille-Hershey 8.. 6% 5% 6 Illinois Brick 7 Iron Fireman ... 8 Kalamazoo Stove 30% 29 29*. Katz Drug 23% Kellogg Switch com 5*4 Keystone Steel 12% 11% 12’, 4 Libby-McNeil 6% 6% 6% Lindsay Light 3% 3% 3% Lindsav Nunn Pub .... 4% 4 4 Lion Oil Refining Cos 5 Lynch Corp 33 32% 32% Marshall Field 16% 16% 16% McCord Rad A ... 5 McWilliams Dredging Cos 15 14% 14% Mickelbcrrv’s Food Prod 6% 6% 6% Middle West Utilities. . % % % Mid West Util 6% pfd A 2% Midland United '. ... 1% Midland Util 6% A ofd .. ... 2% Midland Utilities 6% PL.. ... 4 Muskegon Motor Spec A 7 ‘/a 7 7 Nachmann Sprinfilled 8% National Leather . 27* 2 2 National Union Radioo .. . 2 Noblitt-Sparks Ind Inc.. 27% 27 27% Northwest Bancorporatn 9% Pines Winterfront 2% Potter Cos 3% 33% Prlma Cos 27 26% 26% Process Corp 3% . 3% 3% PuUic Service N P .. 32% 30% 32% Public Service 6% pfd. . 64% 64 64% Quaker Oats pfd 125 Railroad Shares 1% Rath Packing ... 25 Ravtheon V T C 6% 6% 6*, Reliance International 4% Reliance Mfg Cos ... 17% Sangamo Elec com ... 714 Seaboard Util Shares.. 1 % ■% Seas Roebuck 36% 34% 36% Standard Dredging Cos ... 3^ Stand Dredging Cos pfd 5 4% 5 Storktine Furniture .... 5 4% 4% Studebaker Mail % ** 1 4 Rtudebaker (Ai ... 1, Super-Maid 4% 4% 43. Swift &Cos 20% 19% \g\ Swift Internacional ... 29% 29 29 Thompson. JR 127* 12% 12'i Union Carbide & Carbon .. ... 4 United Printers A: Pubs u U S Radio & Tel 17% 17% 173; Utility A- Ind 2% 2% 2% Utility & Ind pfd § 5% fi Vortex Cup Cos 8% 8% 8% Walgreen Cos. com ..i9 'is% 19 2 Ward. Montgomery (A' 78 75 78 Waukesha Motor 43 40 42% Wieboldt Stores .t 14 13% 14 Wisconsin Bankshare3 7 Woodruff & Edwards 414 Yates Machine Zen th Radio 2 1%, iIJ

-JUNE 27, 1933

4-H LAMB CLUB SHOW PROGRAM IS COMPLETED Boys and Girls of State to Be Guests of Yard Group. Plans are complete for the annual 4-H Club snow which will be held Wednesday at the union stock yards when more than *..000 head of lambs raised by 4-H Club boys and girls will be shown and later sold. The lambs will be divided into pens of three and five by their young owners and will be judged at 10 a. m. by Professor Claude Harper, assistant chief of animal husbandry at Purdue university. Thev will be sold at auction at 2:30 ‘in the afternoon. All the club boys who exhibit and their leaders will be guests of the Indianapolis Livestock Producers* Commission Association at a dinner at the Antlers hotel at 6 Wednesday evening at which Dean J. H. Skinner of Purdue. LieutenantGovernor M. C. Townsend and Scott Meiks, manager, will be the speakers Thursday the club boys will see four lots of Purdue lambs fed experimentally and hear a discussion of the feeding results after they have been sold. They will be luncheon guests at the Kingan plant at the conclusion of a tour of the stock yards.

Indianapolis Cash Grain

—June 26 Tne bids for car lots of grain at th call of the Indianapolis Board of Trade York rate Sh ; P e P rl n * POint ’ basis 4l '* New Wheat—Strong: No. 1 red. 79®80c No 2 ~ eti - 78 ~". 70c ' No. 2 hard. 76® 77c. C ' Corn—Strong: No 3 white, 44®4Sc No 4 white. 43®44c; No. 3 yellow 42@43c" E°- -t yellow. 41®42c: No.' 3 mixed. 41® 42c, No. 4 mixed. 40ft 41c 3 < w*hfte^ S 3s°' 2 ®3 6%c ’ 36<f137c: N °‘ tßkjng~23Jic B or *less° cfnrinnU No. timothy. $5®°5.50. Um ° thy ’ ,5 506: ~,. . „ —lnspections — cat\ he TotaL° 2 3 cars’ 1 Car: N °’ 5 r ' d ’ 1 5 ?a°£-fo°: 3 :X e : 5 1 cars’; ft \ Jgft* 4 cars; No. 6 white. 2 cars: sample white* '”r: No 2 yellow. 8 cars; No 3 yellow’ 10 cars. No. 4 yellow. 13 cars; Nc 5 veliow* \ rtlV- m o ' 5 yell °?’ 2 cars; sample-veliow* 1 cf S: Totnlf IB‘car^_ car; 3 Chicago Primary Receipts Wheat " _June 26 ~ Corn 858.001) Oatv 994.000 lJals 410.000 Chicago Futures Range WHEAT—• ~ JUne 27 ~ prpv jiii,, Hi*h. Lo**’. 10 00 close! September":: !96% Jiii .96% December .. .99*2 .96% 99*! 941* Ma c V ORN-'-' 104 101 104 September'". '.60*4 'ss’"*'' 's9', 'sljf D OAra- r - " - 641 " J' l '*’ 44% .43*4 441 2 4? September ... 43*. 423. December ... .47% aI .?v* 2 • 7 lv 77*/ 2 .76% .771/. 74 u September... .81** .79*2 81*! D< BARLEY —" 85, ‘ - 83, ‘ Julv September .. '.60 '.59*4 '.60 32% December ... .63*, .64 64 :56*i „ r- CHICAGO CASH GRAIN /)/ L nitrd Press ..CHICAGO. June 26.—Cash (train close* Wheat—No. 1 hard 86' 2 c: No 2 hard fifie' r;o t J mixed. 48®48%c: No 3 mixed' N°. 6 mixed 41®43c: No. 1 yellow °V 2 yellow 50©51c: No 3 yellow ? 49 ,/ 2C. No. 4 yellow. 48^4.9’ 2 c No S V e °w. 46c: No. 6 yellow. 41st 44c; No. LXkite 50c: No. 2 49’ 4 ®soc. No 6 white, sample grade 34® 42c. Oats-No! m 4 0©41c: No. 3 white. 38'2®40'2c; go. 4 white 38'a® 39*,c. Rye-No sales! cfo r ver-sß®t2 61 75. Tlm ° thy ~ s3 2 5®3.50. c r *, ST. LOUIS CASH GRAIN // Ini ted Press i„ ST ' ¥>y ls - June 2fi —Cash (train: Wheat ™ rf Ko o < #-o d n e > man 2; 4: V"6- 1 4r higher; No. 2 ®J$ 89 't c: No 3 fed. 86*4® 87c; No. 5 n^f 2C 4, h€ i tir l K: . N ? 2 fed- (tarlickv. 87c lieht herd wheat. s' 2 ®'7c. higher: No. 7 hafd- 88 2 . c: No. 2 hard. 90c nominal: ? 0 ' 2 J m LV’ ri - 88c soft Corn—ln good demand 2*2®3>2C hiither: No. 1 yellow ?1 2C: No. 2 yellow. 50® 516 c; No. 3 vel--50£51c: No. 6 yellow. 46®46',e fo'> s , tv -. No. 2 white. 52* 2©53c. Oats— fn slow demand. 4c higher: No 2 white 41',2c: No. 2 mixed.44o 2 c: No. 2 red. 41c! TOLEDO CASH GRAIN By Lnifed Press TOLEDO June 26.—Cash grain close: Grain in elevators, transit billing Wheat No. 2 red 91 1 2 0i 92 * 2 c; No. 1 red la permium. Corn- No. 2 yellow. 55®56r Oats—No. 2 white. 45V 2 © 46* 2 c. Rye—No 2 • ' 6 ® 77 c- Wheat—No. 1 red. 88® 89c: No! 2 red. 8 1 ® 88c. Corn—No 2 white 42*2© 43' 2 c; No. 3 white. 42®43c Toledo seed Close: Clover—Cash, $7.75; October $8 008 Alsike—Cash, $7.75; August, $8 008 Toledo produce close: Butter—Fancy creamery V? Eggs—Extras. 12>/i®l3c. Hay-1 Timothy per cwt., 70c. INDIANAPOLIS WAGON WHEAT , Citv grain elevators are paving 78 cents for No. 2 soft red wheat. Other grades on their merits

Bright Spots

_ By I’nilfd Press Baltimore <& Ohio railroad reports May net operating income of $2,252,817, against $1,288,197 in May, 1932. Dun & Bradstreet, Inc., reports business failures in week ended June 22 numbered 373, smallest total since October, 1929. Missouri Pacific railroad reports May net operating income of $676,907, against $291,973 in May last year. PASSENGER OF CAB IS RIVER SUICIDE, BELIEF Man Disappears After Leaving Taxi at Bridge. A well-dressed man, about 35, described by Haakon Gunderson, taxi driver, 318 East North street, as pale and nervous, is believed to have jumped into White river at the Riverside bridge. He hailed Gunderson's cab at Ohio and Illinois streets Monday and was driven to the bridge. The cab fare was only 60 cents, but the passenger gave Gunderson 95 cents and said: “You might as well have it. It's all I’ve got.’’ He then walked toward the river and, as Gunderson turned his cab, the man disappeared. Police searched the river bank for half a mile in each direction from where the man is thought to have jumped in, but could find no trace of him. NEW YORK RAW SUGAR FEATURES —June 29 High. Low. Close. January 1 54 l 50 154 March 1.58 1.54 1.58 May 1.03 1 58 1.62 July 1.4? ; 38 1.44 September 1.4' 143 1 <7 December 1.54 1 50 1.54

LOANS AT REASONABLE RATES FOB ALL WORTHY PURPOSES The Indianapolis Morris Plan Company Delaware and Ohio St. RI. IMO