Indianapolis Times, Volume 46, Number 15, Indianapolis, Marion County, 29 May 1934 — Page 8

PAGE 8

Wall Street Brokers See An Advance Agent of a New Era in Securities. BY RALPH HENDERSHOI

Times Special Financial Writer 'T'HE extreme dullness in the stock market of late has attracted no little attention both in and out of Wall Street. Some people ha ve expressed surprise that the turnover should fall to 10-year low levels, but the brokers see in the development only the advance agent of anew era which will be ushered in by the market regulation bill now be-

fore congress. They feel, too, that much of the huge marketing machinery they have built up during the past decade or more can now be turned over to the junk man. It should be borne in Aiind that stock market activity is created in large part. It does not just happen. And

Hendershot

the object behind it all is prospective profits. Traders and professional operators do not hang around brokerage offices for their health. Operators have been held in check of late by the New York Stock Exchange officials, and, in addition, they have had little incentive to carry on their particular line of business with the control laws in the offing. Generally speaking, the general public does not make the market. It merely adds fuel to the flame after the" fire has been made by the professional market maker. The market maker, or operator, under normal market conditions is always on the lookout for stocks which can be either advanced or depressed. Irasmuch as the public usually favors the buying side he prefers stocks which are behind the market or which have other attractive features for his operations. u a a WHEN the operator discovers a stock with possibilities he usually looks around to find out who owns it. If he finds some person or institution with a large block he usually seeks to make a deal whereby he can secure an option to purchase it at a price. If he can get such an option he goes in the market and bids it up in price. He probably will do a great deal of buying and selling in order to attract the attention of outside speculators. If he is able to attract a following in the stock he will continue to operate until he can work off his option stock and his accumulations at a profit. If he can’t, he will get out the best way he can, probably taking a loss. If the operator likes a stock well enough he may make a play in it even though he can not secure an option. In such an event the procedure is to accumulate as many of the shares as possible without disturbing the price any more than is necessary. After he has picked up a large enough line he will go in the market and buy with a blare of trumpets. He may buy a large block merely to make a sensational advance for the purpose of attracting attention. He will tip off his friends and acquaintances that the stock looks especially good, and he will buy and sell until he is able to unload at a profit. > #' n tt THE operation which is the most harmful is the one where a person or institution with a large block of stock it desires to unload goes to some unethical operator and makes a deal with him to dispose of the shares. The deal is made on an option basis, and immediately all sorts of favorable rumors are spread irrespective of their worth. The ballyhoo continues and heavy trades are made, some of them wash sales, and the public is enticed through phone calls and otherwise to get in on the “good thing.” The stock is sold on balance, the options exercised, and then the operator runs away from the market, after which it promptly sinks and goes dead. With the wings of the operator clipped it is but natural to witness a slow market, unless, of course, something unusual happens, such as a currency inflation movement, to get the public excited over profit possibilities such as happened last summer. In that event probably even the higher margin requirements will not stop a runaway market. On Commission Row —May 29 —Fruits— Apples—Fancy B?n Davis. Indiana, $1.75; fancy Winesaps, $2.15©2 50. Cherries—California. 16-lb. lug. $3.50. Oranges—California, Sunkist, $4.25©.4.75; Red Ball, *4©4.50. Lemons—Sunkist. $6.75: Red Ball. $6.25. Grapefruit—Florida Seedless. $3.75®4. Strawberries —Aromas. 21-qt. crate, $2; Premiers. $1,254/2. Cantaloupes—California, Pony crate, $2.50; jumbos. 455, $3.50; standards. $3.25 Honeydews, $2.50. Pears—Calavos, $4 per box. Pineapples—Cuba, all sizes, crate. $3.25. Bananas —Per pound. sc. —Vegetables— Cabbage—Mississippi. 50-lb. bag. $1.25. Celery—Florida. $4.50 a crate, mammoth bunch, 90c; medium bunch, 60c. Onions—lndiana yellow. 50-lb. bag. 75c. Potatoes—Northern round white. 100-lb. bag. 51.60: Red River Ohios, 51.50: Maine Green Mountain, $1.90: Colorado McClures $2; Idaho Russets. 100-lb. bag. $1.90; New Texas Triumphs. $2.10. Sweet Potatoes—Tennessee Nancy Halls, crate. $2.40. * Asparagus—Home grown, dozen, 60c® $1.25. Beans —Round, stringless. $1.50. Beets—New, 65c a dozen. Carrots—California. 6-dozen crate. $2.50; bulk new, $1.60. Cauliflower—California. $2.50. Lettuce —Hot house, 15-lb. basket. 90c; Iceberg best. $4,504/5.75 a crate. Peas—2 B-lb. hampers, $2.75. Radishes—Home grown buttons. 30c a dozen. Rhubarb—Home grown, dozen. 30c. Spinash—Home grown, bushel. 65c. Tomatoes—Repacked. 10-lb. carton, $1.50: original Mexicon, 30-lb. lug, $3.50. CHICAGO FRUIT MARKET tßv United Press i CHICAGO. Mav 29.—Apples—Michigan, spies. [email protected] bushel. Carrots—Southern. 90c bushel. Spinach—lllinois. 50© 85c bushel. Beans—Southern green and wax. 75c© 1.25 bushel hampers. Cucumbers— Central western hothouse. [email protected] i2 doz. to boxl. Tomatoes—Texas. [email protected] lug boxes. Sweet potatoes—Tennessee. $1.85 @1.95 bushel hampers. Mushrooms—lllinois. 15® 35c (lb. cartons!. Asparagus— Illinois. 50© 85c flat crates. Strawberries— Illinois. $1.75® 2.50 (24 qts.i. Onion market (50 lb. sack: Texas yellows, 75c© $1; Texas whites, 75c© $1; California whites. $1.05 @1.15. V Beet Crops Threatened By Timset Special NEW YORK, May 39.—German crops of beet sugar are being threatened by drought conditions, and will not hold their present satisfactory condition unless rain appears soon, B. W. Dyer & Company, sugar brokers, report.

STOCKS SHOW LIHLE CHANGE; VOLUME LIGHT Several Issues Move Lower on Profit-Taking in Grain Market. BY ELMER C. WALZER United Press Financial Editor NEW YORK, May 29.—The stock market turned easier today in dull trading. The opening was at a rate of 500,000 shares for a full five-hour session, with only occasional blocks of more than 100 coming out. Opening prices were firm but when profit-taking set in on the Chicago grain market, stock prices started slipping. The farm group, such as Case, International Harvester, Sears Roebuck, all showed fractional declines. Metals appeared under pressure led by United States Smelting, which dipped Its points to 116. American Smelting was off fractionally at 39*2. ‘ Individual groups showed some strength. Armour of Illinois preferred firmed more than a point to 69 'i as result of the reorganization agreement adopted by directors yesterday. Some strength came into the amusement group with Loews, Paramount and Warner Brothers benefiting. The general list showed minor changes. United States Steel was off ?s of a point at 41. American Can was down 1 at after being delayed more than an hour in opening, while American Telephone gained l A of a point to 114 Vs. Rails held about steady as did the utility group. Money and Exchange INDIANAPOLIS BANK CLEARINGS , —May 29. Clearings $2,074,000.00 Debits 4.673,000.00 FOREIGN EXCHANGE (By Abbott, Hoppin & Cos.) —May 28Close. Sterling,'England $5.09 Franc, France .-r 0660 Lira, Italy 0850 Belgias. Belgium 2339 Mark, Germany 3919 Guilder, Holland 6777 Peseta, Spain 1367 >2 Krone, Norway 2558 Krone. Denmark 2274 Yen, Japan 3024 Treasury Statement (By United Press) .WASHINGTON. May 29.—Government expenses and receints of the current fiscal year to May 26, compared with the corresponding period of the previous fiscal year: This Year. Last Year. Expenses $6.328 892.261.60 $4 644.303.730.45 Receipts. $2,701,436,596.95 $1,775,745,110.41 Deficit $3,627 455.664.65 $2 868,558,620 04 Cash Bal. $2,048,235,001.45 Investment Trust Shares (By Abbott. Hoppin & Cos.) —May 28Bid. Ask. American Bank Stocks Corp., 1.13 1.16 American & General Sec A... 4.00 5.00 American & Inv Tr Sh 1.75 Basic Industry Shares 3.25 3.30 British Tpye Inv Tr Sh 45 .50 Collateral Trustee Shares A . 4.50 4.62 Corporate Trust Shares <old > 2.01 2.05 Corporate Trust Shares (newi 2.26 2.30 Cumulative Trust Shares .... 3.83 Diversified Trust Shares A ... 6.25 .. . Diversified Trust Shares B ... 7.40 7.60 Diversified Trust Shares C ... 2.98 3.02 Diversified Trust Shares D ... 4.55 4.65 First Insurance Stock Corp ... 1.22 1.27 First Common Stock Corp .. .63 .67 Fixed Trust Oil Shares A ... 7.95 8.20 Fixed Trust Oil Shares B ... 6.87 712 Incorporators Investments .. 16.76 18.02 Land Bank Bond Shares 1.17 1.30 Low Priced Trust Shares 5.90 6.05 Mass Inv Trust Shares 18.16 19.74 Nation Wide Securities . ... 3.24 3.30 North Am Trust Shares (53).. 1.83 .. . No Am Trust Shares (55-561.. 2.29 2.32 North Am Trust Shares (58).. 2.23 2.28 Selected American Shares . 2.46 Selected American Shares Inc. 1.13 1.22 Selected Cumulative Shares .. 6.38 Selected Income Shares 3.31 3.75 Std American Trust Shares A 2.78 2.82 Trust Shares of America 2.60 2.65 Trustee Std Oil A 5.52 5.62 Trustee Std Oil B 4.92 5 02 U S Electric Lt & Pwr A 12.50 12.75 Universal Trust Shares 2.90 2.95 Daily Price Index (Bv United Press) NEW YORK. May 28.—Dun & Bradstreet's daily weighted price index of thirty basic commodities compiled for the United Press: (1930-1932 average 100) Today 110.24 Saturday 109.62 Week ago 109.58 Month Ago 105.52 Year ago (May 29) 91.50 1934 High (March 12. May 28) 110.24 1934 Low (Jan. 3) 101.05 (Copyright, 1934, Dun & Brandstreet, Inc.) CHEMICAL CORPORATION NET INCOME $1,320,325 Earnings Dnring Year Equivalent to 51.68 On Each Class “A” Share. By Timex Special CHICAGO, May 29.—Fifth annual report to stockholders of American I. G. Chemical Corporation mailed out this week reveals net earnings of the company for the fiscal year ended March 31 amounted to $1,320,325 after * all charges as compared with $1,245,621 in the previous year. Total income during the year amounted to $3,405,111 against $2,875,797 ■in the previous twelve months. The earnings in the last year were equivalent to $1.68 on each share of class “A” stock and 17 cents on each share of the class “B” stock as compared with $1.58 and 16 cents respectively in 1932. TRUST AVERAGE STEADY Total of Ten Leading Management Securities Remains at 12.93. By Times Special NEW YORK, May 29.—Investment trust securities registered little change during the past week. The average for the common stocks of ■ the ten leading management trusts, influenced by the leverage factor, as compiled by Allied-Dis-tributors, Inc., stood at 12.93 as of the close May 25, compared with 13.29 May 18. The average of the non-leverage stocks stood at 14.65 as of the close May 25, compared with 14.74 at the close May 18. The average of the mutual funds closed at 10.45 compared with 10.56 at the close of the previous week. AUTO PRODUCTION GAINS Total World Output Amounts to 3,163,000 Units In Year. By Times Special NEW YORK, May 29.—World automobile output during the year ended March, 1934, amounted to approximately 3,163,000 units, compared with 2,005,000 during the year ended March, 1933 and 2,708.000 during the year ended March, 1932. Output during March, 1934, amounted to approximately 420,000 units compared with 186.700 units during March, 1933 and 177,400 during March, 1932.

New York Stocks ' iHv Abbott Hoppin At ro.l —————

AVERAGE STOCK PRICES FOR MONDAY Net High. Low. Close, change Thirty industrials , 96,33 95.32 95.56 +.51 Twenty rails 44.26 43.79 43,96 +.52 Twenty utilities 23.75 23.38 23.49 +.19 Forty bonds .... 94.10 + .07 Ten first rails •••• 100.96 +.Ol Ten second rails •••• 81.09 +.12 Ten utilities •••• 97.81 +.12 Ten industrials ... 96.56 +.04 + Up.

—May 29 Prev. Oils— High. Low. 10:30. close Amerada 5?,, Atl Rfg 25fa 2514 25% 25% Barnsdall <™ Consol Oil Cont of Del 20% Houston (new) 3% Houston (old) 20}s Indian Rfg 2% Mid Cont Pet 13 13 Ohio Oil 1214 12/4 Pet Corp ~ Jv® Phillips Pet . ... 19% 18% 19Vs 18/8 Plymouth Oil 12™ Pure Oil I?™ Royal Dutch 34% Sbd Oil 22™ Shell Un ••■ •■• 8% Soc Vac 16 15% 16 I*% SO of Cal 33% 33% S O Os N J 43 43 Sun Oil 88 ... Texas Corp 24% 24/a Tidewater Assn 12% 12% Un Oil of Cal 16% 16% Steels — Am Roll Mills 18% Beth Steel 34% Byers AM Col Fuel & Iron ••• 4% Otis Steel ® Rep Iron & Steel .. ... 16% 17 Rep Ir & St pfd 47 U S Pipe & Fdy 23% U S Steel ■• • 41% 41% 41% 41% U S Steel pfd A' 85% Warren Bros ■ •• v 9 Youngstn S & T .. ... • • • 20 /a Motors — Auburn , ••• 35% 35% Chrysler 40% 40% 40% 40% Gen Motors .... 33) 4 3314 33% 33 Gen Motors pfd 100% Graham Mot ... ... 2 < 2-4 Hudson 13% 13% 13 a 1+ 8 Mack Truck 26% 2b% Nash !]% Pack ard * Yellow Truck • ’% Studebakcr ••• 5 ® Motor Access— Bendix •■ , J® 3 ™ Bohn Alum 54% 55 Borg Warner 23 a Briggs 17 13% Budd Wheel 3,a Eaton Mfg 13 Elec Auto Lite.. .. ... 21 % 22% Houdaille A § Mullins Mfg pfd 36 Murray Body 3% 7% Stew Warner ... ••• 7% Timken Roll 29 % Timken Det Axel 6% Mining— Alaska Jun 20 20% Am Metals . 23% Am Smelt 39% 39% Anaconda ( 14% 14% Cal & Hecla 4% +.4 Cerro De Pasco. ••• 34% 3o Dome Mines 39 39% Granby ••• 9% ... Gt Nor Ore 11% Homestake Min.. .. ... ••• 375 Howe Sound •• §1 Int Nickel • ••• 26% 26% Kennecott Cop 19% 19% Mclntyre Mine • 4% Noranda Cop ... 4314 43% 43% 43% Park Utah 4% 4% Fhelps Dodge 16% St Joe Lead ... 19% U S Smelters 116% 117% .Vanadium 20% Amusements— Crosley Radio .. 13 Fox Thea •■ 15 Loews Inc ... 31% 31% Radio Crop 7’ B 7% R K O 2% 2% Warner Bros ...•• ... 6 6 Tobaccos — Am Snuff 57% .■• Am Sum Tob 18% Am Tob 1A) 69% Am Tob (B) 71% 72 Gen Cigars 39% Lig & Myers (B) 95 96 Lorillard ... 17% 17)2 Reynolds T (B) * 43% 444* Rails-* Atchison .. ... 56% 56% Atl Coast Lines 41% B & O 24 23% Can Pac 15% 15% Ch & Ohio 46)4 46 C M & St P 5

C M & St P pfd 87s 8% Chi N W . ' 97a Chi N W pfd 18 Dela & Hud 53 Del Lac & W 23% Erie • ... 19% 19% Erie pfd ... . 23% Grt North pfd 21% 21% 111 Central 25% 25% Lehigh Valley . ■ . . 15% Lou & Nash .. 52% 52% 52% 53% M K & T 9% M K & T pfd 23% Moc Pac ... ••• 4 3 8 Mo Pac pfd ... . ■., . • 6% N Y Cent .29 2874 29 28% N Y Chi & St L 19 N Y New Haven 15% Nor Pac 25% 26% Penn HR 3074 30% Reading 48% Sou Pac 22% 22% Sou R R 25% 25% Sou R R pfd 32% Union Pac .. ... 124 125 West Mary 11% Equipments— Allis Chalmers 17 Am Brake Shoe 27 Am Brake Shoe 27 Am Car & Fdy 21 % Am C & Fdy pfd 43 Am Loco .... •• • 25 Am Loco pfd 55 Am Mach & Fdy .. ... 14% 14% Am Steel Fdy , 16)4 Bald Loco 11% 11V* Burroughs 13 % Case J I ... 53% 2% Cater Tract 23 Deere & Cos ... 217s 21% Foster Wheeler .. ... • 147a Gen Am Tank C • ■• • 36% 36% Gen Elec .. 20)4 20)4 20 % 20 Int Bus Mach.. . 135 . Int Harvester . 33 3274 33 3274 Natl Cash Reg 16 16% Pullman Inc 49 74 50 Rem Rand 974 Und Elliot .. §l,, Westingh Elec . 35 3474 3474 347a Utilities— Am & For Pwr 8% Am Power & Lit .. ... 77s 7% AT&T 114% Am Wat Wks 19 Brook Un Gas 6674 Col Gas & Elec. .. ... 13% 13 Com & Sou 2% 2)4 Consol Gas ... ... 33 33 Elec Pwr & Lit 574 6 Int. Hydro Elec- ■ . • 6% Int TANARUS& T ... 1274 1 274 1274 12% Lou G & E A . . 17 % Nat Pwr & Lit. 10% 10 10% 10 North Amer 1774 17% Pac G & E 17% Peoples Gas 30% Postal Tel pfd 19% Pub Serv NJ 36% So Cal Edison. .. ... 16-74 16% Std Gas ... 10' Std Gas pfd 11% stone & Webster 7% United Corp 5'4 574 Un Gas Imp .. .. ... 1574 16 Ut P & Lit (A) 3 Western Union 45% Rubbers— Firestone 18% 18% 18% 18 "a Goodrich 137a 1374 13*4 13% Goodyear 2874 28% Kellv Spring 2% U S Rubber 19 19% U S Rubber pfd 46% Miscellaneous— Am Bank Note 20 Amer Can 95% Anchor C’ap ... 21% 20% Brklvn Man Tz •> ... 39% 39% Conti Can 75)4 75 Crown Cork 27 Curtis Pub 2374 Curtis Pub pfd 80)4 80 Eastman Kodak .. ... 96 96 Gillette 10% Glidden 26% Inter Rapid Tr 8% Owens Bottle .. .. ... 74 74% Raybestos Mfg 18 n 4 18% Foods— Am Sugar 57% 57)4 57% 57% Armour (A) 6% 614 6% 6% Beatrice Cream'y . . 15% Borden Prod .... 2574 25 2514 25)4 Cal Packing 31 Va Can Dry G Ale 22 Cont Bak (A) 8% Corn Prod . 68)4 C'rm of Wheat 3274 32% Cuban Am Sugar 7% Gen Foods 3214 317a Gold Dust 19% G W Sugar 30% JO Int Salt . 29% 2814 Natl Biscuit ... 34)4 34 3414 34% Natl D Prod ... 1774 171a 17 74 17% Purity Bak 1374 S Porto Rico Sug 31% 31 3 v Std Brands 20% 201a Un Biscuit 25)4 . United Fruit 70 Wrigley 63 First Natl Stores 6474 Hahn Dept Sts 574 5% Jewel Tea ... ... 47 Kresge S S 17% Kroger Proc 30% Macy R H 40% Marshall Fields 16)4 Mont Ward ... 26% 26% 26% 26% Penney J C ... . 5674 Safeway St 48% 48% Sears Roebuck . 43% 43% Woolworth 50% 50 50 49 3 /* Aviation— Aviation Corp 7% Curtiss Wright 3% 3% Curtiss Wr A . 10% Douglas Air 21 2074 Nor Am Av 5 Spcery Corp 974 974 United Aircraft 22% 22)4 Wright Aero ... 52 52 Chemicals — —. Air Reduction 94% Allied Chem 13414 Am Com Alcohol 357a Col Carbon ••• • • 67% Com Solvents .. 23% 23% 23)4 23 Dupont . 86% Freeport Tex 4040% Math Alkali 307a Montosonta Ch. . 43% 44% Natl Dis (newl. 26)4 26 26 257 8 Scheneley Dist. .. ... 2774 28

THE INDIANAPOLIS TIMES

Tex Gulf Sulph 34% 34% Union Carbide 40% U S Indus Alco 40 Drugs— Coty Inc ... 5% 5% Lambert 26% 28)4 26)4 26 Lehn & Fink 22 Un Drug .. 15% Zonite Prod ... 5% 5% 5% 5% Financial— Adams Exp 8)4 8% Allegheny Corp 2% Am Int Corp 8% Chesa Corp 44 44 Transamerica 6% Tr Conti Corp. 4% Building— Am Radiator ... ... 14 Gen Asphalt 18 18)4 Int Cement 24% Johns Manville 49 49 Libby Owens Gls 30% 30% 30% 30% Otis Elev ... 16 Ulen Const 2% Household— Col Pal Peet 26% Kelvinator 18% 18% 18% 18% Mohawk Carpet . 17% . Proc & Gamble. 34 33% 33% 33% Simmons Bed.. .. ... ... 17 Textiles— Amer Woolen 11 Belding Hem 12% 12% Ceianese Corp 25 25Va Collins Aikman 17% Gotham Hose 8 Indus Ravon 24)4 24% Kayser Julius 17% 18 ■% New York Curb (By Abbott, Hoppin & Cos.) —May 28 — Close.l Close Allied Mills .. B%'Glen Alden Coal 16% Alum Cos of Am 65 I Gulf Oil of Pa. 58% Am Cyanide B 18 1 Hiram Walker . 36 Am. & F P War s%!Hud Bay Min .. 12% Am G & E ... 24% Humble Oil .. 43% Am Superpwr .. l%lmperial Oil Ltd 15 Ass G & El .... %| Int Petrol ... 28 Atlas Corp ... 11 % Lake Sh Min . 51% Axton Fish Tob 59%ILibby McN Lib 5% Can Ind Ale A ll)4INatl Bell Hess. 3% Can Marc 2% Nia Hud Pwr .. 5% Cities Serv ... 2%;Penn Road Road Con G of Balt 63 !St Reg Paper.. 3)4 Cord Corp ... s%[Sal Ck Prod ... 6% Creole Petrol . 12%iSherwin Wms . 69% Deere & Cos ... 21% Std of Ind 26% Distill Corp ... 16 IStd of Ky 15% Dow Chem .... 92%!Technicol Ind . 10% El Bnd & Sh... 14%’Teck Hugh Gold 6% Fisk Rubber .... 13%Un Gas 2*4 Ford of Can A 21%;Un Pwr & Lt A 2% Ford of Europe. B%lWright Har Min 9 Gen Avia 4%t New York Bank Stocks (By Abbott. Hoppin & Cos.) —May 28— Bid. Ask. Bankers 62 62Vi Brooklyn Trust 113 116 Centra! Hanover 122 128 Chase National 28 28% Chemical 49 40% National City 28 28)4 Corn Exchange 50% 53 Continental 13% 14 Empire 19 19'% First National 1,650 1,660 Guaranty 357 358 Irving 17% 18 Manhatton & C’o 29)4 29% Manufacturers 22 22'/* New York Trust 101 102 Public 33 33 %

Chicago Stocks —By Abbott Hoppin & Cos. ——

—May 29 High. Low. 11:30. Allied Products .. 13 Berghoff 674 S% 6% Borg Warner 23 227a 22% Butler Bros ... t 9% 9)4 9% Chicago Corp com 2% 274 2% Chicago Corp pfd .. 26 Cities Service 214 274 2)4 Commonwealth Edison.. .. ... 50 Cord Corp ' 514 Electric Household ... 1374 13 13-’* Gen Household UtU.... 13% 12% 12% Iron Fireman 15)4 14% 15 % Libby-McNeil 5% Lion Oil Refining Cos -4% Lynch Corp 35 Middle West Utilities 14 Noblitt-Sparks Ind, Inc. 13% 13% 13 74 Parker Pen ... 8 Quaker Oats * '. 110 Swift &Cos 15% 15% 15%. Swift Internacional ... 3074 30% 30% Walgreen Cos com ... 26% Zenith Radio ... 27-t

Bond Prices — By Fenner & Beane

—May 29. High. Low. 10:30 Alleg Corp 5s ’SO 39 38% 39 A&For Pwr 5s 2030 ... 54 AT&T db 5s ’65 108 Atchison gen 4s ’95 .'...102% 102 102 B&O cv 4%s ’6O 65% 64% 6514 Can Pac 4s 8174 8174 81% C&O 5s A ’39 . 10974 ChMStP&P ad 5s A 2000 14)4 13% 13% Cons Gas N Y 4%s 'sl 103% Denmark 5',2S '55 90)4 Erie RR rs 5s '67 72 71% 72 Goodyear 5s ’57 99 74 9 9 99% Gt Nor 474s D ’76 . 76 Gt Nor 7s A '36 9474 94 94 Interboro RT 5s '66.. . 6974 Int T&T db 5s '55 . . 65% 65 65 McKees&Robb 5%s 'SO 82% 82 82% Nat Dairy db 5%s '4B .. 9474 84% 847 2 NY Cent 4%s O 2013.. 75 74% 75 Penn RR 4%S D ’Bl.. 96% 96% 96% Poland 7s ’47 112 74 112 112 Shell Un Oil 5s ’47 ... 9914 98% 99% Sin Cons 6%s B ’3B 10474 Texas Corp 5s ’44 10274 Tob Pr NJ 6)4s 2022 106 Un Pac Ist 4s ’47 ...106% 106 106% US Rubber 5s A ’47 86 Western Un 5s ’sl 87% U. S. GOVERNMENT BONDS (Bv United Press) NEW YORK May 28.—Closing liberties. (Decimals Represent 32nds.) Liberty 3%s (32-47) 103.25 First 4)4s (32-47) 103.26 Fourth 4%s (33138) 103.28 Treasury 4%s (33-381 103.23 4)48-3 748 ( 45) 103.5 4%s (47-521 111.27 37aS (48-47) 103.4 3%s (41-431, March 1(13 27 37aS (41-431 March *4 103.27 3%s (40-43), June 104.6 374s (41) 103.31 3 74s (46-49) .• 101.30 3s (51-53) 100.27 FEDERAL FARM LOAN BONDS (By Blyth & Cos.. Inc.) —May 28Bid. Ask. 4%S Nov 1, 1958-38 101 '/a 4s May 1, 1958-38 101)4 101% 4%s July 1, 1956-36 101 101% 4%s Jan. 1. 1957-37 101% 101% 4%s Mav 1. 1957-37 101% 101% 4%s Nov. 1. 958-38 101% 4%s Mav 1, 1942-32 101% 101% 4%s Jan. 1, 1943-33 101% 101% 4%s Jan. 1. 1953-33 101% 101% 4%s July 1, 1953-33 1017a 101% Jan. 1. 1955-35 101% 10174 4%s Nov. 1, 1958-38 101% 4%s July 1. 1953-33 101% 101% 4%s Jan. 1. 1954-34 1017a 101% 474s July 1, 1954-34 101 % 101% 5s May 1. 1941-31 102% 102*4 5s Nov. 1. 1941-31 102 74 102 7 4 —Home Loan—--4s July 1. 1951 101.08 101.13 —Federal Farm Mortgage Corporation—--3%s March 15. 1964-44 101.23 101.30 The latter two quotes are in thirtyseconds. BUSINESS GAIN SHOWN Energy Productions and Carloadings Increase During Week. By Times Special NEW YORK, May 29.—Apparently contradicting the evidence of moderate seasonal decline shown by other business indicators, two major guides show upward tendencies, Electrical World says in its issue of May 26. Energy production for the week ending May 19 gained appreciErtdy, while preliminary estimates of carloadings foretold a contra-seasonal trend there too. Steel activity, automobile production and bituminous coal output appear to he headed downward. Commodity price averages touch the high point for the year. U. S. DOLLAR STRONG Gold Declines One and One-Half Cents at London. By United Press LONDON. May 29—The dollar was stronger today. The pound was $5.08%. Gold fell lVs cents to $34.78Vs with the sterling rate 136 shillings 9 pence, up % penny. Yesterday’s rate was fixed with the pound at $5.09%. PARIS, May 29, —The dollar was slightly stronger today with francs at 15.15*3 to the dollar (6.598 cents a franc).

SWINE VALUES REMAIN STEADY AT CITYYARDS Veal Prices Drop 50 Cents; Cattle, Lambs Continue Stationary. Only slight action was displayed in the hog market in early trading at the local stockyards today, and prices remained unchanged with Monday’s average. Bulk of 160 to 350 pounds was selling from $3.45 to $4,55. Several better grade porkers were reported salable at $3.60. Extremely light slaughter pigs, weighing 130 to 160 pounds, brought $2.65 to $3.15, while other classes scaling 100 to 130 pounds sold at $2 to $2.40. Receipts were estimated at 9,000; holdovers, 272. Initial sales were active on steers in the cattle market, with choice heavy kinds selling at SB.BO to $9.40. Other grades ranged mostly from $6.50 to $7.40. Heifers showed only a slight change. Cows were weak. Receipts numbered 1,600. Vealers turned sharply lower, with the majority of prices around 50 cents under the previous close, selling at $5.50 down. Receipts were 1,000. Trading developed slow in the lamb market and practically all grades continued unchanged. Spring lambs were salable from $8 to sll. Slaughter sheep sold at $2.50 down. Receipts were 1,000. Asking remained steady on hogs at Chicago and early bids were scarce. Receipts were estimated at 25,000, including 8.000 directs; holdovers, 4.000. Cattle receipts were 6.000; calves, 3000; market stationary. Sheep receipts, 700; market steady. HOGS May Bulk. Top Receipts. 22. $3,454? 3.55 $3.60 8.000 24. 3.404? 3.50 3 55 6.000 25. 3.404? 3.50 3.60 7.000 26. 3.504? 3.60 3.60 3.000 28. 3 45® 3.55 3.60 8.000 29. 3.45® 3.55 3.60 9.000 Market, Steady (140-160) Good and choice $ 2.90® 3.15 —Light Weights—-(l6o-180) Good and choice ... 3.45 1180-200) Good and choice .. 3.50 Medium Weights—-(2oo-2201 Good and choice ... 3.55® 3.60 (220-2501 Good and choice ... 3.55® 3.60 Heavy Weights—-(2so-290) Good and choice .. 3.55® 3.60 (290-350) Good and choice .. 3.45® 3.55 —Packing Sows—(3so down) Good 2.75® 3.00 (250 lbs.) Good 2.50® 2.85 (All weights) Medium 2.25® 2.75 —Slaughter Pigs—-(loo-130) Good and choice.... 2.00® 2.40 CATTLE Receipts, 1,600; market, steady. (1.050-1,100) Good and choice $ 6.75© 8 25 Common and medium 4.50® 6.75 (1,100-,500) — i Good and choice 7.00® 9.00 Common and medium 5.50® 7.00 (675-750) „ Good and choice 5.25® 6.00 Common and medium 3.00® 5.25 (750-9001 1 , „„„ „ Good and medium 4.75® 6.25 Common and medium 3.75® 4.75 —Cows—* Good 3.25® 4.25 Common and medium 2.60® 3.25 Low cutter and medium 1.50® 2.60 Bulls (yearlings excluded) Good (beef steers) 3.00® 3.75 Cutter, common and medium.. 1.75® 3.00 VEALRS Receipts, 1,000; market, lower. Good and choice $5.00® 5.50 Medium v... 3.50® 500 Cull and common 2.00® 3.50 —Calves — Good and choice 3.50® 5.00 Common and medium 2.00® 3.00 —Feeder and Stocker CattleGood and choice 4.50® 6.00 Common and medium 3 00® 4.50 (800-1,5001 , Good and choice 4.50® 6.00 Common and medium 3.00® 4,a0 SHEEP AND LAMBS Receipts. 1,000; market, steady. (Shorn basis) Spring lambs . $ 8.00®11.00 (90-lb. down) Good and choice 8.50® 9.00 190-100-ib.) Good and choice . 8.25® 8 <5 (500-lb. down) Com. and med. 5.00@ 8.-a —Ewes— _ Good and choice 2.00® 3.00 Common and medium I.oo® 2.00 Other Livestock (By United Press) CHICAGO. May 29.—Hogs—Receipts, 25,000, including 8,000 directs; weight above 200 lbs., active and 5c higher; others slow, weak; 210-310 lbs., $3.50413.60; top. $3.65; 150-200 lbs., $34(3.50; pigs, $2.25 down; packing sows, $2,654/3; light lights, K 9-160 lbs., good and choice, $2.75413.35; light weight 160-200 lbs., good and choice, $3,104/3.55; medium weights 200-250 lbs., good and choice, $3.404/3.65: heavy weights 250-350 lbs., good and choice. $3,454/3.65; packing sow’s 275-550 lbs., medium and choice, $2,404/ 3.10: slaughter pigs 100-130 lbs., good and choice, $1,754/2.75. CattleReceipts. 6,000; calves, receipts. 3,000: fed steers, 154/25c higher, all representative weights advancing, but medium weights and weighty kinds getting best action at upturn: most other killing classes steady to strong- bulls barely steady and vealers. 25c or more off; weighty steer, top $9.35; best long yearlings, 58.75: fed steers, $5,504/8; slaughter cattle and vealers, steers 550-900 lbs., good dnd choice, $5,754/ 7.75; 900-1,100 lbs., good and choice. $5.75 4/3.50: 1.100-1.300 lbs., good and choice, $6.504/4).50; 1,300-1.500 lbs., good and choice, $7,254/9.50; 550-1,300 lbs., common and medium, $3,504/7; heifers 550-750 lbs., good and choice. $5®6.75; common and medium, $34/5; cows, good, $3.5004.50; common and medium, $2,254/3.50; low cutter and cutter, sl4/2.25: bulls, yearlings excluded, good beef, $34/3.50; cutter, common and medium, $2,254/3.15; vealers, good and choice, $54/6; medium, $44/5; cull and common, $34/4; stocker and feeder cattle: steers, 550-1,050 lbs., good and choice, $4,504/6; common and medium. $2 504/ 4.50. Sheep—Receipts. 7,000; spring lambs, weak to 25c lower: clipped offering, 40c lower; sheep steady: top native springers. $10.75. bulk $lO4/10.50; three doubles Irtahos sorted at outside; bids and sales clipped iambs, $8.25; shorn *twes. sl4/2.50; slaughter sheep and iambs: spring lambs, good and choice. $9,504/ 11; medium, $8.75 4/9.50; lambs, 90 lbs. down, good and choice. $7,854/8.40: common and medium, $6,504(7.90; 90-98 lbs., good and choice. $7,754/8.40: ewes, 90-150 lbs., good and all weights, common and medium. sl@2. LAFAYETTE. May 29.—Hog market, steadv: 200-300 lbs., $3.40: 160-200 lbs., [email protected]: 140-160 lbs., $2,654/2.90: 120140 libs., $2,154/ 2.40; 100-120 lbs., $1,754/ 1.90; roughs, .$2.75 down;' top calves, $4.50; top lambs, $8.50. Retail Coai Prices The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. Domestio Retail Prices Anthracite $14.25 Brazil lump 5-75 Brazil egg 5.25 Brazil mine run 5.00 Coke, nut size §.75 Coke, egg size •■••§.75 Indiana forked lump 5.5005.75 Indiana, egg 5.25®5 50 Indiana, mine run 5.00®5 25 Kentucky lump 7 00 Pocahontas lump 825 Pocahontas egg 8.25 Pocahontas forked lump 9 25 Pocahontas mine run 7.25 New River smokless 8 25 West Virginia lump 6 75 West Virginia egg 6 50 Island Creek .. 700 Extra charge of 50c a ton for wheeling coal, and $1 a ton for coal carried to bin. i Furniture Output Drops By Times Special NEW YORK, May 29—Dan & Bradstreet reports furniture production since mid-April has been tapering off and that stocks are beginning to accumulate, which it is feared will cause a further weakening of prices. Carbon Black Sales Rise By Times Special WASHINGTON, May 29.—Bureau of Mines reports sales of carbon black during 1933 aggregated 374,644,000 pounds, 43 per cent above 1932. and far above the former peak established in 1929. New Bond Offerings Gain By Times Special NEW YORK, May 29.—A weekly survey shows new bond offerings last week totaled $16,390,400 against $6,175,000 in the preceding week and $10,177,000 in the similar 1933 week.

Small Steel Firms Show Better Earnings for 1933 Than Larger Companies Total Salaries of 190 Concerns Under New Code Increased 62 Per Cent During Last Six Months of Previous Lear. By Times Special NEW YORK, May 29 Small, non-integrated companies in the steel industry fared better in earnings in 1933 than their larger fully integrated competitors, it is revealed by the American Iron and Steel Institute in a report covering 190 steel companies, which represent more than 90 per cent of the capital invested in the industry. The report showed than fifty-seven integrated companies with a total investment of $4,423,077,377 had a combined net loss of $64,798,707 in 1933, while 133 companies with an investment of $484,668,907 had combined net earnings of $5,104,475 for the year.

The return on investment for the , 133 smaller companies amounted to 1.83 per cent while the loss on investment for the fifty-seven large companies was 0.75 per cent. Stockholders in the 133 smaller companies, which have only about 10 per cent as much capital investment as is reported for the group of large companies, received 54 per cent as [ much in dividends as stockholders of the large companies. These facts, according to the institute, do not bear out assertions that have been made in some quarters that the steel code has given an advantage to big producers over smaller ones in the industry. Total wages and salaries paid by the 190 companies in 1933 amounted to $455,600,916 compared with only $20,380,224 distributed to stockholders in cash dividends. The report reveals a reduction in losses for the steel industry during the last half of 1933. The combined loss for all these companies during the first six months of 1933 was $55,388,232 compared with $4,305,469 for the last six months. Reflecting increases in wages and in employment under the steel code, total wages and salaries for the 190 companies increased from $173,890,603 in the first half of the year to $281,710,313 in the last six months, an increase of 62 per cent. This compared with an increase of about 40 per cent in operations over the same period. Average operations for the year were 34 per cent of capacity. The combined condensed balance sheet of these steel companies, as reported by the Institute, shows a total investment of $4,907,746,284 in 1933. The number of stockholders was 514,244. Net property value and investments in affiliated companies of all these companies at the end of 1933 was $3,803,061,831, a decline of $117,271,278 from the preceding year. Cash, United States government and marketable securities at the end of 1933 amounted to $298,610,257, a decline of $36,589,821. Inventories as of Dec. 31, 1933 show a gain of $15,763,989, with a total of $643,647,677. In the Cotton Markets —May 28— CHICAGO High. Low. Close. January 11.90 11 85 !}•§§ uly ch ..:::::::::::::::::::: ::::: £$ July 11.57 11.45 11.52 October 11 79 11.64 11.71 December Iliß9 11.76 11.83 NEW YORK January 11.85 11.77 11 80 March 11.95 11.84 11.90 May . 12.02 .1-95 12.00 July 11 50 11.38 11.42 October 11 69 11.55 11.61 December HB3 U6B 11.75 NEW ORLEANS January ?}■!? March 1* §6 May .. . 1i.98 July 11.48 11.35 11.42 October December 11.80 11.68 11.73 N. Y. Coffee, Sugar Futures COFFEE —Santos— High. Low. Close. March 11-65 11.61 11.61 May • * - 11.63 July 11.06 11.00 11.05 September 11.43 l}-3§ H-2 December 11.58 1i.50 11.03 * —Rio— January 8.63 March §.68 May 8.75 July 8.50 8.45 8.45 September 8.56 8.50 8.53 December 8.66 8.60 8.63 SUGAR —May 28— High. Low. Close. January 1.74 1.73 1.74 March 1.78 1.77 1.78 May 1-82 July 1.57 September 1.65 1.64 1.64 December 1.73 1.72 1.73 Produce Markets Delivered in Indianapolis prices: Heavy hens. 9c: Leghorn hens. 7c; 1934 boilers 2 lbs and over, 18c: under 2 lbs.. 16c; Leghorn boilers 1% lbs., and over, 15c; bareback boilers, 12c; springer-stags. 6c; large springer-stags, 9c; old roosters, ducks and feese, 3c; young guineas. 1% to 3 lbs., 0c; old guineas. 15c; Nt®'l. strictly lresh country run eggs, lots off 10c. Each full cate must weigh 5 lbs. gross; a deduction of 10 cents a pound for each pound under 55 lbs. will be made. Butter—No. 1. 26® 27c; No. 2. 24®25c Butterfat, 20c. Quoted by Wadley Company. (By United Press) CHICAGO. Mav 29.—Eggs—Market, steady; receipts 30.801 cases; extra firsts, 15c: fresh graded firsts 14%c; current receipts, 12%® 13)ic; dirties No. 1. 12c; No. 2, ll%c; checks No. 1 ll%c: checks No. 1, ll%c: No. 2, lie. Butter—Market, firm; receipts 18,768 tubs; extras firsts (90-91% score). 22'/4@22%c: firsts (88-89% scorei, 21%4/21%c; seconds (86-87% scorei, 20 hi 20%c; extras 192 score), 23)ic; specials 23% hi 24 Vic; standards, 23c. Poultry— Market firm: receipts -56 trucks; hens 13 1 24/14c; old roosters, 8c; geese. 6c; broilers light Leghorns. 18c: turkeys, 15c: Leghorn hens, 9@10%c; barebacks. 16® 18%c: ducks old. 94/10c. Cheese —Twins, 12%®13c: daisies, 13%4/13%c; Longhorns, 13% 4/13%c. Potatoes—Old stock-supply moderate: demand and trading moderate; market steady; Idaho Russets $1,504/1.65; Wisconsin Round Whites $1.25, combination grade, $1.10; Michigan Russet rurals, $1.30 New stock—supply moderate; demand and trading moderate; market, steadv: Alabama Triumphs, $1,854/1.90; Louisiana Triumphs. $1.80®1.90; Texas Triumphs, sl.Bo® 1.85. Arrivals 117, on track 259. shipments 505. NEW YORK Mav 29.—Potatoes—Steady: southern. $1,504/2.25 bbl ; Maine $1,104/ 2.50 bbl.: Idaho $1.75 sack: Bermuda. $6 bbi. Sweet Potatoes Steady; Jersey basket 50c®52.15; Southern basket. 75c4z $1.65. Flour—Higher; springs: patents, 57.40® 7.65 bbl. Pork—Steady. Mess—s2o.2s bbl. Lard—Firm. Middle West 5p0t—54.1004.20 per 100 lbs. Dressed Poultry—Firm: turkeys. 12®27c: chickens, 8® 29c'; broilers. 194/ 29c: capons. 21®34c: fowls. 134/18c ducks 10@13c: Long Island ducks 144/15c. Live Poultry—Steady; geese,' 6®7c: turkeys, 10®17c roosters, 9c: ducks, 8© 12c; fowls, 154i18c: chickeris, 9c; capons. 22c: broilers. 12@26c. CheeseDull: state whole milk fancy to specials. 18®19c; Young America. 144/14%c Butter i —Receipts 16.469 packages; market firmer: creamery, higher than extras, 24% 4/25c: extra 92 score, 24e; first 90-91 score, 23% @23%c: first 88-89 score 22)4® 23c: seconds 21%4/22c: centralized 90 score 23%c; centralized 88-89 score 22)4 ©23c; centralized 84-87 score 21%©22c. Eggs—Receipts, 37.119 cases; market firm; special packs, including unusual hennery selections 18% 4/20%c; standards. 18c; firsts 16c; seconds. 15c: mediums, 14'4®14%c; dirties 14)4© 14%c: checks, 13%@14c; storage packs, 17 @l7'4c. , , CLEVLAND, May 29.—Butter—Market, firm: extras 27%c; standards. 27c. Eggs —Market, steady: extra white 14c; current receipts. 13%c. Poultry market, steady: colored fowl, 6 lbs. and up. 14c: colored fowl medium. 14c; broilers colored ordinary. 234?24c: old roosters. 9c: ducks white 5 pounds and up 144/15c. Potatoes —Florida. $4.85 per bbl.: Maine best si.so per 100-lb sack; Ohio best, $1 25® 1.35 per 100-lb sack. Pays On Accumulations By Times Special NEW YORK, May 29.— Payments on account of accumulations on the preferred stock have been announced by the National Investors Corporation which will pay $2.75 on account of arrears on the $5.50 preferred stock, and the Second National Investors Corporation which will pay 95 cents against accumulations on the $5 preferred stock.

U. S. WEEKLY WAGES RISES 2,5 PER CENT Pay of Factory Employes Highest Since 1931. By Times Special NEW YORK, May 29.—Wageearners employed in the manufacturing industry in the United States increased their weekly earnings 2.5 per cent above March and 35.6 per cent above April last year, a monthly survey of the National Industrial Conference board shows. The advance results from an increase of 3.2 per cent average hourly earnings, which more than offset the reduction of .8 per cent in average number of hours worked. The figures for the month were the highest since October, 1931, and were 44.5 per cent above the low mark of last year, reached in March. Average hourly earnings in April amounted to 57.2 cents against 56.1 cents in March, and 45 cents in June, 1933, the low month. Average time worked per week during April was 36.1 hours against 36,4 hours in March and 34 hours in April, 1933. The April total pay roll disbursement increased 5.9 per cent over March, and 117.7 per cent above the low 1933 month.

Bright Spots *“(Bv Abbott. Hopoln & Co.i

Baltimore & Ohio Railroad Company April net operating income amounted to $1,155,911. against $1,479,223 in the corresponding month last year. St. Louis * San Francisco Railroad Company April net deficit totaled $1,078, against a net operating income of $90,585 in April last year. Northern Pacific Railroad Company April net operating income amounted to $279,996. against a deficit of $348,158 in April. 1933; net operating income for the first four months this year totals $1,317,741 against a net deficit of $2,047,417 in the corresponding period last year. Houdaille Hershev Company declares a dividend of $1.25 a share on the class ’’A” preferred stock. Bohn Aluminum and Brass Company declares a dividend of 75 cents a share on the common stock. New York Central Railroad Company April net operating income totaled $2.587.996. against $1,471,081 in April last vear: net income for the first four months this year was $10,788,240. against $5,007,148 in the similar 1933 period. CONSUMPTION OF TIN RISES 29 PER CENT IVorld Output Estimated at 129,009 Long Tons During Year. By Times Special NEW YORK. May 29.—A 29 percent increase in world consumption of tin for the year ended March, 1934, compared with the previous twelve months is shown in the current bulletin of the International Tin Research. Tin consumption during the year ended March, 1934, amounted to approximately 129,000 long tons, compared with 100,020 tons during the year ended March, 1933. Consumption during March, 1934 amounted to approximately 10,300 tons, compared with 9,303 tons during March, 1933 and 9,119 tons during March, 1932. Tinplate production during March, 1934. amounted to approximately 280,000 tons, compared with 199.000 tons during March, 1933 and 213,000 tons during March, 1932, while production during the • year ended March, 1934 amounted to approximately 3,230,000 tons compared with 2,278,000 tons during the year ended March, 1933. Marriage Licenses George Fulton, 28. of 449 Madison avenue, casing tester, and Maurelia Munsch, 22. of 449 Madison avenue, inspector John Gorman, 46, of 725 North Roach street, laborer, and Rosa Jackson. 20, of 725 North Roach street, housekeeper. Ralph Hattaway. 30. Terre Haute, seedsman. and Thelma Hammers, 26, Lincoln hotel, housekeeper. Clark Hall, 28, of 711 North Alabama street, garage man, and Eva Harding, 30. of 31 Harris avenue, hosiery worker. Alan Linchicum. 25, of 1017 Hosbrook street, painter, and Esta Hawkins, 25. of 1017 Hosbrook street, housekeeper. James Rutter. 26, of 271 Leeds street, steel worker, and Ethel Herrold, 18, of 271 Leeds street, beauty operator. Omer Lewis 22. of 4836 Winthrop avenue carpenter, and Claranelle Coulter. 20. of 207 Roosevelt avenue, press operator. Renos Edwards. 44, of 1503 North Pennsylvania street, auto dealer, and Dorothy Carvin, 23. of 318 East Seventeenth George Clark, 23. of 2637 Stanley avenue, knitter, and Maxine Craig, 19, of 512 Troy avenue, inspector David Leider. 28. Antlers hotel, salesman. and Fav Lencher. 21. of 2725 North Meridian street, housekeeper. Harold Frost, 21, Hancock county, farmer, and Martha Apple. 20. of 523 North Exeter avenue, housekeeper. Clement Lacy. 56. Milner hotel, salesman. and Helen Eagan. 48. of 2263 North Pennsylvania street, housekeeper. John Mulney. 19. of 1230 Olive, street, laborer, and Elsie Bishop. 20. of 1145 Linden stret. housekeeper. Robert Bowman, 54, of 1051 Maple street, unemployed, and Mary Childs, 21, city, housekeeper EMPLOYES OF BOOTH FISHERIES PROTECTED More Than 90 Per Cent of Workers Subscribe for Insurance. By Times Special CHICAGO, May 29.—Employes of Booth Fisheries Corporation, nationwide organization with headquarters here, are now protected by approximately $850,000 of group life insurance and $700,000 of group accident and health insurance, according to an announcement by R. P. Fletcher Jr„ president. More than 90 per cent of the 700 employes have subscribed to the insurance plan, underwritten by The Equitable Life Assurance Society of the United States, and will share the cost of the protection with the corporation. Booth Fisheries Corporation has forty-eight branches and subsidiaries. It operates fresh and salt water fish and sea food departments, and handles approximately 70,000,000 pounds of fish annually.

MAY 29, 1934

WHEAT PRICES IRREGULAR IN SMALLRANGE Scattered Rains Reported in Northern Sections; Oats Weak. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO, May 29.—The grain trade was nervous over weather conditions and prices were unsettled on the Chicago Board of Trade today after advancing the permitted limit in yesterday's session. At the start wheat was % cent lower to Vi cent higher, corn was off M to 7s cent, oats were % to 7s cent higher, rye was off I l s to 1% cent, and barley was unchanged to % cent lower. Reports of scattered rains in widely separated sections came from Minnesota and North Dakota, although the report could not officially be confirmed. Liverpool failed fully to reflect the advance here yesterday. Chicago Futues Range —May 29 Prev. Wheat— High. Low, 10:00 close. Mav 98' a 97% .98 98% July 96% .95% .96% 964* Sept 97% .96% .97 % .97% Corn— May 54% .54% .54% 55% July 56% .55% .56*4 ’,57 Sept 58% .57% ,58% .587* Oats— May 40% .39% .40% 40% July 41% .39% .41 ,40% Sept 42 .41% .41% .41 Vt Rye— May .60% .60 .60% .61% July 62 .61% .61% .62% Sent 64 .63% .63% .54% Barley— May .50 July 52% .52 .52% .52 Sept 52% .52% .52% .5274 CHICAGO PRIMARY RECEIPTS —May 28Bushels. Today. Last Week. wheat 537.000 791 000 Corn 580.000 473.000 Oats 164,000 272,000

Gash Grain

INDIANAPOLIS —May 28— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b., shipping point, basis 41 % New York rate, were: Wheat—Strong; No. 1 red. 89®90c; No. 2 red. 88© 89c; No. 2 hard, 880/ 89c. Corn—Strong; No. 2 white. 534/55c: No. 3 white, 52©52c; No. 2 yellow. 50® 52c;No. 3 yellow. 49® 51c: No. 2 mixed, 49® 51c; No. 3 mixed. 47© 49c. Oats—Strong: No. 2 white. 35@36c; No. 3 white. 34©35c. —lnspections Wheat—No. 1 red. 1 car; No. 2 red, 3 cars. Total. 4 cars. Corn—No. 2 white. 6 cars: No. 3 white, 8 cars; No. 4 white, 1 car; No. 5 white. 1 car; No. 2 yellow. 26 cars; No. 3 yellow. 15 cars; No. 4 yellow. 4 cars. Total. 61 cars. Oats —No. 1 white. 1 car; No. 2 white. 20 cars: No. 3 white, 8 cars; No. 4 white, 3 cars. Total. 32 cars. Rye—No. 1, 1 car; No. 2, 10 cars. Total, 11 cars. Local Wagon Wheat City grain elevators are paying 86 cents tor No. 2 soft red wheat. Otnsr grades on their merits. (Bv United Press) CHICAGO, May 28.—Cash grain: Wheat —No. 2 red. 96%c; No. 2 hard. 96%®98%c; No. 3 hard. 95%c: No. 2 mixed, 97c. Corn —No. 2 mixed. 55", c: No. 2 yellow, 55%© 56c No. 3 yellow. 55©55%c: No. 5 yellow. 53%c; No. 6 yellow lake. 54%c: No 2 white, 60%©61%c: No. 4 white. 59%c. Oats —No. 2 white. 40©40%c: No. 2 white lake, 404/41c: No. 3 white. 40c: No. 4 white, 38%®40c; sample grade white. 36%-c. Rve —No. 1,66 c. Barley—7o4/86c; quotable, 50© 90c. Cash provisions—Lard. $6.17; loose. $5.60; leaf. $5.62; bellies, 58.50. TOLEDO, Mav 28.—Grain close: (In elevators, transit billingi. Wheat—No. 2 red. 99 %c4£sl.oo)i. Corn—No. 2 yellow, 60%®61%c. Oats —No. 2 white, 44%©; 45%c. Rye—No. 2. 67%®68%c. (Track prices, 28%c ratei. Whftat—No. 1 red. 964/ 96%c: No. 2 red, 95®95%c. Corn—No. 2 yellow. 56'>® 57c: No. 3 yellow. 55%4/56c; No. 4 yellow, 54%4/55c. Oats—No. 2 white. 41%@42%c: No. 3 white. 40%4/42c. Seed close: Clover—Cash, $8.25: Alsike, cash, 58.50.

ST. LOUIS. May 28.—Cash grain closed; Wheat—ln fair demand 4%c to 5c higher on red and 4%c higher on hard; No. 2 red nominal 96%c nominal; No 3 red, 95%c; No. 5 red. 92c: No. 2 red garlicky,. 95c; No. 3 red garlicky 89%ci No. 2 hard. 97%c nominal. Corn- In fair demand. 2%c to 3c higher: No. 2 yellow. 58®53%c: No. 3 yellow, 57%4/57%c; No. 4 white, 60c. Oats—ln slow demand. 3c to 4c higher; No. 2 white 41%c; No. 3 white. 41%c.

JUST OUT OF PAWN MEN'S SPRING S-U-l-T-S ONE GROUP | BRAND NEW MEN’S | SPRING SUITS I $ 4-:i Many From America'* Finest Manufacturers STYLES. COLORS MATERIALS ONE TOT MEN’S DR YN I) NEW I§f SEERSUCKER AND ffik LINEN SUITS siL .■■.52,50 YVHITE DUCK AND Seersucker Trousers 95c Pair SACKS BROS. LOAN COMPANY 308 Indiana Ave. Cor. Capitol and New York Bt.