Indianapolis Times, Volume 46, Number 17, Indianapolis, Marion County, 31 May 1934 — Page 15

MAY 31, 1934

Wall Street Encouraging Report of Bankers Would Have Brightened Meeting.

BY RALPH HENDLRSHOI Times Special Financial Writer THE recent meeting in Chicago at which previews of industrial progress were presented was • a rather marvelous thing. It should go a long way toward helping revive the courage and hope of the people in this country, who have been hit so hard by the depression. While many of the promises from

business scientists are for the [airly distant fu;ure, it is reasonable to suppose that many important developments in that connection will take place within the next decade or so. But one wonders whether they were not Blowing a few fancy bubbles at that meeting. The last depression was not

Hendershot

brought about by a lack of industrial development or of new things to bring comfort and happiness. The troubles were more of a banking and financial nature. And yet it is pertinent to note that there were relatively few bankers or financiers on hand when the rosy picture was being painted of the future. We can build the finest castles imaginable, but if the keys are not provided with which to open them they will serve little purpose. Alfred P. Sloan Jr., president of the General Motors Corporation, the man who brought these great scientists together, probably was not responsible for the failure of the bankers and financiers to take their places with the others. Certainly he has not been accountable for their failure either before or since the beginning of the depression to accept the responsibilities which fall upon them as engineers of their p#rticular part of the nation’s economic structure. a a a IT would have been a splendid thing to hear some important banker get up at the meeting and tell the people of this country that he and his associates have been working toward a permanent solution of our financial difficulties and that they have great hopes that they will succeed. It is reasonable to suppose that if they were to put as much combined effort into advancing the effectiveness of their work as have the industrialists in improving their art the country would have something concrete upon which to build real' hopes for the future. Our bankers have developed into a group of specialists. Some are expert in one phase and some in another. No attempts have been made to pull all branches of the business together with the idea of better cohesion and more effective effort. They have been merchants of money and have specialized in salesmanship. Most of them have been highly successful, but their success has added little to the broad, general art of banking or to the general welfare of the country. a a a AND they have suffered along with others for their failure to provide financial leadership and direction. Having failed to accept their responsibilities, Washington has been obliged to work out the country’s financial problems. Men trained along political lines have been attempting to do a job for which they were not fitted. The results have been corrective but not necessarily constructive. If they fail to meet requirements, as many bankers insist, every one is bound to suffer. By this time it should be obvious to every one that most intra-country and intercountry troubles have their inception in faulty economics. Wars and strikes and many crimes can be traced directly to that source. It should not be too much to hope for previews of economic progress at some time in the near future. On Commission Row —May 31— —Fruits— Apples—Fancy Ben Davis, Indiana. $1.75: fancy Winesaps, $2.15®2.50. Cherries —California, 16-lb. lug. $3.50. Oranges—California. Sun! ist, $4.255£4.75; Red Ball, [email protected]. Lemons—Sunkist. $6.75: Red Ball, $6.25. Grapefruit—Florida Seedless, $3.75@4. Strawberries —Aromas, 24-qt. crate, $2; Premiers, $1.75(32.25. 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-lbs bag, $1.25. Celery—Florida. $4.50 a crate, mammoth bunch. 90c: medium bunch, 60c. Onions —Indiana yellow. 50-lb. bag, 75c. Potatoes—Northern round white, 100-lb. bag. $1.60; Red River Ohios, $1.50: 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. $4.50415.75 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; •riginal Mexicon, 30-lb. lug, $3.50. CHICAGO FRUIT MARKET (By United Press) CHICAGO, May 31. —Apples—Michigan Spies. $2(32.25 bushel. Carrots—Southern, 60c Bushel. Spinach—lllinois. 40c®$l bushel. Beans —Southern green and wax, 50c®51.25 bushel hampers. Cucumbers— Central western hothouse. 40c®51.50, 2 dozen. Tomatoes—Texas, $1,500/2. lug box. Sweet potatoes—Tennessee. $1.90(<i2 bushel hampers. Mushrooms —Illinois. 154/40c, pound cartons. Asparagus—lllinois,so®7sc flats. Strawberries —Illinois. [email protected], 24 quarts. Onion market (50-lb. sacks) Texas yellow’s, 75c@$l; Texas whites, 75c ©$1.10; California whites. S1.10&1.15.

STANDARD OIL DIVIDEND PAYMENTS INCREASED Aggregate of $58,698,144 To Be Paid in Second Quarter. By Times Special CHICAGO, May 31.—Stockholders of Standard Oil Company groups will receive cash dividend payments aggregating $58,698,141 during the second quarter this year, directors of the company announce. Last year the groups paid cash dividend aggregating $24,256,981 during the second quarter, and distributions in the first quarter of the year totaled $34,527,547. The increase this quarter is brought about by dividend increases, extra payments and resumption of payments.

BREAK IN STEEL CARRIES STOCK MARKET LOWER

Metal Issues Drop Despite Slight Increase in Operations. BY ELMER C. WALZER United Press Financial Editor NEW YORK, May 31. United States Steel common stock opened 1,000 shares at 40, off 114, and dropped further in the 'irly trading on the Stock Ext mge. The break unsettled the entire market where volume continued small. The break in steel came in the face of an apparent halt in the decline in steel operations. The Iron Age estimated production of the steel industry at 59 per cent of capacity, up a point from last week, and noted that “actual business volume is better than sentiment.” Steel met some support when it approached its low for the year of 3914. Other steel shares dipped with it. Bethlehem opened at 3314, off %, and Republic 161 2 , off %. Youngstow’n Sheet & Tube lost a point at 191£. Fractional losses were noted in most of the railroad issues. Oils W’ere about stpady as were wet stocks. Montgomery Ward and Western Union lost % point each in their respective divisions Motors were lower. American Telephone opened at 114 off Vs and later extended its decline. Aside from the steel news there was little of importance marketwise over the holiday. Electricity output made a good showing, and car loadings reported so far for the week ended last Saturday were above the preceding week, although the percentage gain over 1933 was smaller.

Money and Exchange INDIANAPOLIS BANK CLEARINGS —May 31Clearings $ 1,046,000.00 Debits 5,252,000.00 Clearings for the month 53,666,000.00 Debits for the month 133.582,000.00 FOREIGN EXCHANGE (By Abbott. Hoppin & Cos.) —May 29 Close. Sterling. England $5.08% Franc. France 0660 Lira. Italv 0850 Belgias. Belgium 2338 Mark. Germany 3913 Guilder. Holland 6777 Peseta. Spain 1363 Krone. Norway 2555 Krone. Denmark 2274 Treasury Statement (By United Press) WASHINGTON, May 31. Government expenses and receipts of the current fiscal year to May 28. compared with the corresponding period <* the previous fiscal year: Expenses $6.341 227,138.88 $4,652,503,573 75 Receipts 2,709,639,699.43 1,778.822,550,39 Deficit.. 3.631,587,439.35 2,873,681,023.36 Cash Balance 2,040,646.116.35 Investment Trust Shares (By Abbott, Hoppin & Cos.) —May 29Bid. Ask. American Bank Stocks Corp... 1.11 1.15 American & General Sec A... 4.00 5.00 American & Inv Tr Sh 1.75 ... Basic Industry Shares 3.23 3.30 British Type Inv Tr Sh 45 .50 Collateral Trustee Shares A... 4.50 4.62 Corporate Trust Shares (old).. 2.01 2.05 Corporate Trust Shares (new) 2.26 2.30 Cumulative Trcist Shares .... 3.83 .... Diversified Trust Shares A ... 6.25 .... Diversified Trust Shares B ... 7.37 7.50 Diversified Trust Shares C.... 2.93 3.02 Diversified Trust Shares D ... 4.50 4.60 First Insurance Stock Corp... 1.22 i.27 First Common Stock Corp ... .63 .67 Fixed Trust Oil Shares A.... 7.95 8.20 Fixed Trust Oil Shares 8.... 6.90 7.10 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 18.36 19.96 Nation Wide Securities 3.22 3.26 North Am Trust Shares (53).. 1.81 .... No Am Trust Shares (55-56).. 2.27 2.30 North Am Trust Shares (58).. 2.25 2.30 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 2.77 2.81 Trust Shares of America .... 2.56 2.62 Trustee Std Oil A 5.48 5.54 Trustee Std Oil B 4.90 5.00 U S Electric Lt & Pwr A .... 12.50 12.75 Universal Trust Shares 2.85 2.95 Daily Price Index (By United Press) NEW YORK. Mav 29.—Dun & Bradstreet’s daily weighted price index of thirty basic commodities compiled for the United Press: (1930-1932 Average 100) Today (new 1934 high) 111.15 Yesterday 110.24 Week ago 109.33 Month ago 105.96 Year ago (Mav 30) holiday 1934 High (Mav 29) 111.15 1934 Low (Pan. 3) 101.05 Copyright. 1934. by Dun & Bradstreet. Inc.

Bright Spots """ “ (By Abbott. HopplD & Cos.) ■ Chicago. Rock Island & Peoria Railroad Company car loadings in the week ended May 26 W’ere 20,703 cars against 20.029 cars in the corresponding 1933 week, an increase of 2.8 per cent. Anchor Cap Company declares the regular quarterly dividend of 15 cents a share on the common stock, payable July 2. of record June 20. Pere Marquette Railroad Company car loadings in the week ended May 26 totaled 9,895 cars as compared with 9.468 cars in the preceding week and 8,357 cars in the similar 1933 week. Average daily production of crude oil in the United States in the week ended Mav 26 totaled 2,526.664 barrels, a decrease of 33,390 barrels from the previous week. Canadian Pacific Railroad Company April net operating income amounted to $1,270,465, against $38,465 in April. 1933; net operating income for the first four months this year was $4,495,905, against $1,835,945 in the corresponding period last year. Chicago and Northwestern Railroad Company car loadings in the week ended May 26 totaled 23,187 cars against 23,710 cars in the previous week and 21,278 cars in the like 1933 week, Hollinger Consolidated Mines declares an extra dividend of 5 cents in addition to the regular monthly payment of 5 cents a snare on the common stock, payable June 18. of record June 1. Marriage Licenses Thomas Freeland, 26, of 1603 East Washington strtet, truck driver, and Flossie Simpson, 22. of 1038 South Reibolt street, housekeeper. Floyd Wincel, 49. of 26 North Holmes avenue, milelr, and Hattie Giesy. 47, of 435 North Holmes avenue, housekeeper. Clifford C’ahall. 30, Detroit, mechanic, and Marguerite McClary, 26, Claypool hotel, housekeeper. Claude Dewlen, 25, of 32 South eDarborn, battery operator, and Pearl Chandler. 24. of 2114 Miller street, housekeeper. Edward Hemby, 30, of 439 West New York street, knitter. Thelma Adams. 24, of 426% East St Clair street, baker. Frank Konovsek, 31, of 763 North Ketcham street, shipping clerk, Mary Milharcic. 21, of 763 North Warman avenue, inspector. Richard Kottkamp, 23, of 2345 East Garfield drive, salesman. Hildred Burnett, 19. of 518 North Euclid avenue book keeper. Charles Hart 26, of 1856 Dexter avenue, laborer, and Katherine De Hoff, 24. of 1864 Koehne avenue stenographer. Claude Robbins, 26 Greenfield, *lnd truck driver, and Crystal Lowder, 23, of 320 North Wallace street, housekeeper. S C. Phillips. 53, Sheridan, Ind. veterinary surgeon, and Ina Cash, 41, of 1819 Carrollton avenue, housekeeper. Howard Woods, 21 of 1625 South Arsenal avenue, porter, and Mamie Brown, 19. of 1921 Columbia avenue, laborer Wesley Barlcdall. 50. of 421 South Temple avenue collector, and Rebecca Wade. 21, of 36 North East street, waitress. Franch Nicholas, 25, Connersville. Ind filling station attendant, and Ann Spaulding. 2l of 16 North Addison street, clerk. Herman Ringo, 24. of 1416 DeQuincy street, laborer, and Anna Blunt, 21, of 4904 East Ellio*t avenue, housekeeper. Joseph Joyce Jr. 31. of 19 South Butler avenue, grocery manager, and Colletta Mary, of 19 South Butler avenue, housekeeper.

New York Stocks ’By Abbott Hoppin & Cos.) AVERAGE STOCK PRICES FOR TUESDAY Net * High. Low. Close, change Thirty industrials ) 95.85 94.85 95.32 —.24 Twenty rails 43.78 43.34 43.51 —.45 Twenty utilities 23.47 23.31 23.38 —.ll Forty bonds 94.17 +.07 Ten first rails .... 101.37 +.41 Ten second rails .... 81.06 —.03 Ten utilities .... 97.82 +.Ol Ten industrials .... 96.44 —.12 + UP. -Off.

i—May 31— Prev. Oils— High. Low. 10:30 close. Amerda 48% Atl Rfg 25 25% Barnsdall 7% Consol Oil 10% Cont of Del 20 20 Houston (new) 4 4 Houston (old) ... ... .. 20% Mid Cont Pet 12% 13 Ohio Oil 12'A 12% Pet Corp 11 Phillips Pet ... 19% 19% 19% 19% Plymouth Oil ... 12 Pure Oil 10% Sbd Oil 32 % Shell Un 8% Skellv Oil 9% Soc Vac 16% 15% 16 15% S O of Cal 33% S O of Kan 38 Vi S O of N J 43 43 Sun Oil 58% Texas Corp 24% Tidewater Assn 12% Un Oil of Cal 16'A Steels— Am Roll Mills 18% 18% Beth Steel 33‘A 33 33 33% Byers AM ... 21 Cruc Steel •• 24% Inland Steel ... 36 36% Ludlum Steel 13% ... Mid Steel 12 % ... Natl Steel 41% Otis Steel 4% Rep I& S 16% 16% Rep I & S pfd 46 % U S P & F 23 U S Steel 40 39% 39% 41% U S Stl pfd ... 85% 85 85 85% Warren Bros 8% Youngst’n S& T 25% 29% 19% 20% Motors— Auburn ..." 35% 35 35 35% Chrysler 38'A 39 Vi 39‘A 40% Gen Motors ... 32% 32% 32% 32% Gen Motors pfd 100% Graham Mot 2% Hudson ljj% Maclc Truck"!!'. !! !!! ••• 26% Nash 17 17 Vs Packard ’ Reo 3% Studebaker 5 5 Motor Access— / Bendix 15% 15 15 15% Bohn Alum 54% Borg Warner 225/. Brisks ~,, •• ••• ••• 17 Elec Auto Lite 21 21% HMullins Mfg 11 11% Murray Body 7% 7% Stew Warner 7% Timken Roll 29 29% Timken Det Axel 6% Mining— Alaska 19% 19% Am Metals ••• 23 % Am Smelt w 39 Anaconda 14% Cal & Hecla • ••• 4% Cerro De Pasco .34 33% 33% 34% Dome Mines 38% 39 Granby 10 .?% Howe Sound •• • 50 Vz 51 lilt Nickel 26% 25% 25% 26% Int Silver ?0% Kennecott Cop 19% 19% Mclntyre Mine 44% Noranda Cop 42% 42% Park Utah • ■ 4% Phelps Dodge 16 16% St Joe Lead 19 U 6 Smelters 116 Vanadium 20% Amusements— Fox Thea • ••„, • ••„, 14% Loews Inc 31% 31% 31% 31'/* Radio Corp .... 7% 7% 7% 7% RKO • • 2% Warner Bros ... 5% 5% 5% 5% Tobaccos— Am Snuff 57% Am Sum Tob 18% Am Tobacco “A” 69% Am Tobacco “B” 71% Gen Cigars 39 Ligg & Meyers B ?5 Lortllard 17% Reynolds Tob ‘B’ 43% 43% Rails— Atchison 43% 43% Atl Coast Lines 40% B& O 23% 23% Can Pac 15% 15% 15(2 15% Ch & Ohio 46 45% 45% 46% C M & St P ■> 5 4% 4% 5 C M & St P pfd 8% 8% Chi N W 9% Dela & Hud 51% . Del Lac & W 22% 23 Erie 19% Erie pfd 23'A Grt Northern pf 21 111 Central 25 Lou & Nash ... 52% 51% 51% 52 M K & T 9% M K & T pfd 23'A . Mo Pac pfd .•■ • 6 N Y Cent 28% 28% 28% 28% N Y Chi & St L 19 N Y New Haven 15% Nor Pac ... ••• 25% Penn R R 30'A 29% 29% 30 % Sou Pac 22% 22 22 22 % Sou R R 24% 24% 24% 25% Sou R R pfd 31% 31% Union Pec 123'/a West Maryland 11% ... Equipments— Allis Chalmers.. .. ... 16'A * 16% Am Brake Shoe 27 Am Car & Fdy 21% Am Car & Fd pf 42 Am Loco pfd ... ... ... 52% Am Mach & Fdy 14% 14% Am Steel# Fdy ••• 16 Bald Loco 11 11 Burroughs 13 Vi Case J I ... 51% 52(2 Cater Tract 27% 27 27 27% Deere & Cos 21 21% Elec Stor Bat 42 Gen Am Tk Car 36‘A Gen Elec 19% 20% Gen R R Sig 33 Ingsol Rand ... 53% 54 Int Bus Mach,.. .. ... . 155 Int Harvester .. 33 32% 32% 33 Natl Cash Reg IS 7 /* Pullman Inc ... 49 48% 48% 49 Rem Rand 9% West Air B 28 % Westingh Elec 34% 34 Vz Worthington Pm 22 Utilities— Am & For Pwr . .. ... 8 8% Am Power & Lit 7% 7% AT&T 114 113% 113% 114% Am Wat Wks .. 18% 18% 18% ... Brook Un Gas 64% 65% Col Gas & Elec. 12% 12% 12% 13 Com & Sou 2% 2% 2% 2% Consol Gas . . 32% 32% 32% 32% Elec Pwr & Lit 5% Int Hvdro Elec 6 6% Int TANARUS& T 12% 12% Lou G&EA 17% Nat Pwr & Lit 10 10 North Amer 17V* 17% Pac G&E 17 V* 17 Peoples Gas ....... 30% Postal Tel pfd 19 % Pub Serv N J 36% So Cal Edison 16% Std Gas 10 10% Std Gas pfd 11% Stone & Webster 7% 7% United Corp 5% 5% Un Gas Imp 15% 15% Ut Pwr & Lit A • ... . 3 West Union ... 43% 43% 43% 44% Rubbers— Firestone ... 17% Goodrich 13% Goodyear 28% Kelly Spring 2% 2% U S Rubber 18% 18% U S Rubber pfd 45% Miscellaneous— Am Bank Note. .. ... 19% 19% Am Can ......... 94% Anchor Cap 21 Brklyn Man Tr 39% 38% Conti Can 75 Curtis Pub pfd 80 % 80 % Eastman Kodak 96V* Gillette 10% 11 Glidden 26 25% Inter Rapid Tr 8(4 Owens Bottle 74 Raybestos Mfg 18% Foods— Am Sugar 56% #7% Armour ‘A’ 6(4 6% 6% 6% Beatrice Cream 15% 16 Borden Prod 23% 24% Cal Packing 30% Canada D G Ale 22% Coca Cola 123% Corn Prod 67% 68% Crm of Wheat 32% Cuban Am Sugar , ... 7% Gen Foods 32% 32 Vi Gold Dust -. ... 19% 19% G W Sugar ... 29% 29(4 29V* 29% Hershey ... 60 V* Int Salt 28 Vi Loose Wiles 40 % Natl Biscuit ... 34% 34 34 -34% Nat? D Prod 17 17'A Purity Bak 13% S Porto Rico Sg 31(4 31% Std Brands 20% . Un Biscuit 25 Vz 25 Vz United Fruit ..... 71 Retail Stores— Ass Dry Goods . .. 65% First Natl Stores 65(4 ... Gimbel Bros 3% Gimbel pfd 23 % Hahn Dept Sts 5% 5% Kresge S S 17% 17% Kroger Groc ... 30 30 Macy R H 40% 4040 40(4 Marshall Fields. .. 15% 15% Mont Ward .... 25% 25(4. 25% 26 Natl eTa 12 Vz Penny J C 56 56 Safeway St 48 48(4 Sears Roebuck 42 42% Woolworth 50(4 Aviation— Aviation Corp . .. .... 7 7% Curtiss Wright . 3% 3(4 3(4 3(4 Curtiss Wright A .. 10% 10% Douglas *Air .... 20V* 19% 19% 20(4 Nor Am Av • • .. 4% Speerv Corp 9% 9% 9% 9% United Aircraft. 21% 21% 21% 21% Wright Aero 51 51 Chemicals— Air Reduction 94 Allied Chem .... -• , ••• ... 134 Am Com Alcohol 34% 34% 34% 34% Col Carbon 66% 67 V* Com Solvents .. • • • 22% 23 Dupont 85% 85.% 85V* 85(4 Freeport Tex ... 40 39% 39% 40 Liquid Carb . 29 Math Alkali • 30% 30% 30% 30% Montoson Chem. • 43% Natl Dis <*ew>. 25% 25% 25% 25% Sheceneley Dist. 26% 26% 26% 27 V*

THE INDIANAPOLIS TIMES

Tex Gulf Suloh 35% Union Carbide . .. ... 40V* 40% U S Ind Alcohol 40 V* 4040 V* 40 V* Vir Chem 6% pf 17V* Drugs— Coty Inc , 5% Lambert 26% Un Drug 15% 15% Zonite Prod 5% Financial— Adams Exp 8 8 Allegheny Corp 2% 2% Am Int Corp 8(4 Chesa Corp 44(4 Transamerica 6% 6% Tr Conti Corp 4% 4(4 Building— Am Radiator 13 Vz 18% Gen Asphalt 18 Vz Int Cement 24 Johns Manville 48% Libby Owens Gls 31 Otis Elev 15% 16 V* Household— Col Pal Peet 14 Congoleum 26% Kelvinator 18% 18% Mohawk Carpet 17% Proc & Gamble 33% 33% Simmons Bed .... 16% Textiles— Belding Hem 12 Celanese Corp 24% 24% Collins Aikman.. .. - 18 Indus Rayon 23(4 Kayser Julius 17% New York Curb (By Abbott, Hoppin & Cos.) —May 29 * Closei Close Allied Mills ... 8 |Hiram Walker.. 35% Alum Cos of Am 64 I Hud Bay Min... 12V* Am Beverage .. 2 IHumble Oil 43% Am Cyanide ‘B’ 181 V Imperial Oil Ltd 15% Am Gas & El.. 24%jlnt Petrol 28% Am Superpower 2%|Lake Shore Min 50% Atlas Corp llVVLibby McN Lbbv 5% Can Marc 2%tNatl Bellas Hess 3% Cities Serv .... 2%;Nia Hud Pwr... 5% Deere & Cos ... 21'A!Park Davis .... 23(4 Distillers Lim . 22% Penn Road .... 2% Distillers Corp. 15% St Regis Paper. 3% Dow Chem .... 90% Sherwin Wms.. 68% El Bond-Share. 14% Std of Ind 26% Fisk Rubber .. 14 Std of Ky 15% Ford of Can ‘A’ 21% Technicolor Ind 10 % Gen Aviation . 4% Tck Hughs Gold 6% Glen Aldn Coal 16% Un Gas 2% Gulf Oil of Pa. 58(4 Un Pwr & Lit A 3 Wrgt Hrgrvs Mn 9 New York Bank Stocks (By Abbott. Hoppin & Cos.) —May 29 Bid. Ask. Bankers 61% 62% Brooklyn Trust 113 116 Central Hanover 127 128 Chase National 28 28% Chemical 4040% National City 27% 28% Corn Exchange 52% 53 V* Continental 13(4 14 Empire 19'A 19% First National 1,650 1,660 Guaranty 357 559 Irving 17% 18% Manhatten & Cos 29 >4 30 Manufacturers 21% 22V* New York Trust 101% 102% Public 33 33 Vz Chicago Stocks By Abbott. Hoppin & Cos. ——— —May 31High Low 11:30 Asbestos Mfg . . 2% Bendix Aviation 14% 14% 14% Borg-Warner 22% 22(4 22% E L Bruce Cos .. 11 Butler Bros 9 8% 8% Cent & So West ... 1% Chicago C'orp Cora 2% Cities Service 2% Commonwealth Edison 49 Cord Corp 5% Crane Cos 7 9% 9 9 Electric Household .... 14% Gen Household 12% 12 12% Godchaux B 8% Iron Fireman 14% 14% 14% Lincoln Printing ... 5% Middle West Utilities . (4 Quaker Oats 117 110% 112 Swift & Cos 15% 18 Utility & Ind 1%

Bond Prices :By Fenner & Beane

—Mav 31— High. Low. 10:30. Alleg Corp 5s ’SO 38 Am&For Pwr 5s 2030.. 54 53 53 AT&T db 5s ’65 107% 107% 107% Atchison gen 4s '95 ....107% 107(4 107 1 * B&O cv 4%S ’6O 65% 65 65' Beth Steel 5s A ’36 102% Can Pac 4s 82% C & O 5s A ’39 109% ChMStP&P ad 5s A 2000 13% 13% 13% ChMSt&P rs 5s A ’75.. 43% 43% 43% Denmark 5%s '55 . 90(4 Erie RR rs 5s ’67 71% 71 71' French 7s ’49 . ... 182 Goodyear 5S ’47 99 Gt Nor 4%s D ’76 77 Gt Nor 7s A ’36 94% 93% 93% Interboro RT 5s ’66 .. 68% 68% 68(4 Int T&T db ’55 64 McKees&Robb 5%s ’SO 82(4 81 81% Nat Dairy db 514s '4B 93% N Y Cent 4%s 0 *2013 74 Nor Am 5s ’6l 87% Para Pub 5%s ’SO ... 50% Penn RR 4%s D ’81... 97 96% 96 7 4 Poland 7s ’47 114(4 113% 114% Royal Dutch 4s A ’45.*.. ... 132% Sin Cons 6%s 3 ’3B 104% Texas Corp 5s ’44 ~102% 102% 102% Tob Pr NJ 6%s 2022 .105% 105 105 Un Pac Ist 4s ’47 . .167% 107 107 US Rubber 5s A ’47.. .. ... 85 Western Un 5s ’sl 87% V. S. -GOVERNMENT BONDS (By United Press 1 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(4s (33138) 103.28 Treasury 4%s (33-38) 103.28 4(is-3%s (45) 103.5 4(4 s (47-52) 111.27 3%S (48-47) 103.4 3%s (41-43). March 103 27 3%s (41-43) March 103.27 3%s (40-43), June 104.6 3(4s (41) 103.31 3%s (45-49) 101.30 3s (51-55) 100.27 FEDERAL FARM LOAN BONDS' (By Blyth & Cos.. Inc.) —May 29 Bid Ask 4s. Nov. 1. 1957-37 10i% 101% 4s. Mi.v 1. 1958-38 101(4 101% 4(45, Julv 1. 1956-36 101% 101% 4(4s Jan. 1. 1957-37 101% 101% 4y*s. Mav 1. 1957-37 101% 101% 4y*s. Nov. 1. 1958-38 101% 102% 4%5, Mav 1. 1942-32 101% 101% 4%5, Jan. 1. 1943-33 101% 101% 4>/ 2 s. Jan. 1. 1953-33 101% 101% 4 l / 2 S. Julv 1. 1953-33 101% 101% 4’/2S. Jan. 1. 1955-35 101% 101%. 4%5. Jan. 1. 1956-36 102 102* 2 4(45. Julv 1. 1953-33 102 102'% 4%s Jan. 1. 1954-34 101% 101% 4(is. July 1. 1954-34 101% 101% ss, Mav 1. 1941-31 102V* 102% ss. Nov. 1. 1941-31 102% 102 Home Loan 4s. July 1. 1951 101.04 101.10 Federal Farm Mortgage Corporation 3(4 s. March 15. 1964-44 101.20 101.26 The latter two auotatiqps are in thirtyseconds. Deaths . Edgar D. Anderson, 70, 1902 North 1111noise, arteriosclerosis. Charles Chevrolet. 27. St. Vincent’s hospital, Bright’s disease. William F. Fisher. 48. St. Vincent’s hospital, lympho sarcoma. Helen Maddock McKinney, 33. 3855 Byram. pulmonary embolus. Charles N. Sanders, 62. 528 Coffey, cerebral hemorrhage. Emma Humphreys, 84, city hospital, chronic myocarditis. Florence E. Burgess, 16. 729 North King, pulmonary tuberculosis. Manfora Livergood. 63, 219 West Fiftysecond. cerebral hemorrhage. Mark V. Hynes. 65, St. Vincent’s hospital, lobar pneumonia. Luella K. Graham, 68. 1111 Norii: Alabama. cerebral hemorrhage. Ruby B. Boone. 35, Methodist hospital, double pneumonia. Georgette Rosengarten, 73, 214 North Tacoma, carcinoma. Sheila Jean Porter. 22, Methodist hospital. septicaemia. Mary Louise Moore. 9 months, 1717 Ludlow, ricketts. Judith Ann Richardson, 3 months, city hospital, whooping cough. Olney Mary Burleson, 47, 2925 Massachusetts, carcinoma. Rebecca Nixon, 72, 1416 North Chester, acute cardiac dilatation. Everett Frank Stephens. 33. city hospital, lobar pneumonia. Addie Belle Henry. 77. 2022 Park, cerebral hemorrhage. Thomas McGraw, 50, 2022 North Pennsylvania. chronic myocarditis. Harry Z. Sprecher. 44, 219 South Harris, acute nephritis. Alfred Hill. 60, 518 West Thirteenth, arteriosclerosis. Lead Production Drops By Times Special NEW YORK, May 31.—American Bureau of Metal Statistics reports world lead production during April totaled 113,116 short tons against 129,781 tons in March and 99,539 tons in the April 1933.

PORKERS DROP 5 TOIO CENTS; CATRE STEADY Veals Remain Unchanged at $5.50 Down; Lamb Market Weak. Extremely heavy receipts on hand In early trading at the Union Stockyards this morning, which accumulated during the holiday yesterday, sent porker prices around 5 to 10 cents lower than Tuesday’s close. Receipts estimated at 11,000 were the largest on hand for more than two weeks. Trading developed slow as initial buyers were hesitant in making purchases. Early sales on hogs weighing from 160 pounds and upward held at $3.35 to $3.50. Few choice grades were reported salable at $3.55. Bulk of lightweights, scaling 130 to 160 pounds, brought $2.60 to $3.10, while smaller kinds, weighing 100 to 130 pounds, cashed in at $2 to $2.35. Trading was fairly active in the cattle market, with practically all classes remaining unchanged. Initial top on steers held at $9.15. Bulk ranged from $5.85 to $7.15. Receipts were 1,600. No major change was displayed in vealers and prices held steady with Tuesday’s average. General run sold at $5.50 down. Receipts numbered 1,000. A slightly lower tendency prevailed in lamb trading, with springer kinds around 50 cents lower. Bulk of the latter classes ranged at $8 to $10.50. Sheep sold at $2.50 down. No western lambs were sold. Receipts were 1,200. With initial dealings scarce on hogs at Chicago, asking remained steady on weights from 220 pounds and upward at $3.55 to $3.60. Receipts were estimated at 35,000, including 15,000 directs; holdovers, 5,000. Cattle—Receipts were 13,000; calves, 3,000; market steady to strong on better grades and weak to lower on other classes. Sheep receipts numbered 8,000; market, unchanged.

May Bulk. Top Receipts. 24. 3.40® 3.50 $3.55 6,000 25. 3.40® 3.50 3.60 7,000 26. 3.50® 3.60 3.60 3.000 28. 3 45# 3.55 3.60 8.000 29. 3.45®) 3.55 3.60 9 00n 31. 3.35®; 3.50 3.55 11,000 (140-160) Good and choice $ 2.85@ 3.10 —Light Weights—-(l6o-180) Good and choice ... 3.35 (180-200) Good and choice 3.40 Medium Weights—-(2oo-220) Good and choice.... 3.45® 3.55 (220-250) Good and choice ... 3.50® 3.55 Heavy Weights—-(2so-290) Good and choice ... 3.50®( 3.55 (290-350) Good and choice ... 3.40® 3.50 —Packing Sows—(3so down) Good 2.75® 300 (250 lbs.) Good 2.50® 2.85 (All weights) Medium 2.25® 2.75 —Slaughter Pigs—-(loo-130) Good and choice ... 2.00@ 2.35 CATTLE Receipts, 1,600; market, steady. Good and choice $ 6.75® 8 25 Common and medium 4.50® 6.75 IT. 100-1,500) Good and choice 7.00® 9.00 Common and medium 5.50® 7.00 <675-750) — Good and choice 5.25® 6.50 Common and medium 3.00® 5.25 (750-2001 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 iyearlings excluded) Good (beef steers) 3.00®. 3.75 Cutter, common and medium.. 1.75@ 3.00 VEALERS Receipts, 1,000; market, steady. Good and choice $5.00® 5.50 Medium 3.50@ 5.00 Cull and common 2.00® 3.50 —Calves— Good and choice 3.50® 5.00 Common and medium 2.00® 3.50 —Feeder and Stocker Cattle— Good and choice 4.50® 6.00 Common and medium 3 00® 4.50 (800-1.500) Good and choice 4.50® 6.00 Common and medium 3.00® 4.50 SHEEP AND LAMBS Receipts. 1,200; market steady. (Shorn basis) Spring lambs $ 8.00®10.50 (90-lb. downi Good and choice 8.50® 9.00 (90-100-lb.) Good and choice . 8.25® 875 (500-lb. down) Com. and med. 7.00® 8.25 —Ewes — Good and choice 2.00® 3.00 Common and medium I.oo® 2.00 Other Livestock (By United Press) CHICAGO, May 31. —Hogs—Receipts, 35,000, including 15.000 directs: weights over 220 lbs.. 10 cents higher than Tuesday: others weak to lower; 210-350 lbs., $3.50®3.75; top. $3.75; 170-200 lbs.. s3® 3.50; pigs, $2 down: packing sows. $2.75® 3.10; light lights, 140-160 lbs., good and choice. [email protected]; light weights. 160-200 lbs., good and choice. $2.90®3.50; medium weights. 200-250 lbs., good and choice, $3.35 ®3.75; heavy weights. 250-350 lbs., good and choice. $3.50®3.75; packing sows. 275550 lbs., medium and choice. $2.50®3J!5: slaughter pigs. 100-130 lbs., good fnd choice, [email protected]. Cattle —Receipts, 13.000; medium wiVght and weighty steers strong, active; instances higher; early top of $9.75 paid for 1,445 lb. averages; better grade l.ght and long yearlings and all light heifers and mixed yearlings steady; moderately active; better grade long yearlings, $8.25; bulk fed steers to killers. $5.50® 7.50; cutter cows. 10 to 15 cents off; fat cows, weak; bulls and vlearers weak; slaugfihter cattle and vealers, steers, 550900 lbs., good and choice, [email protected]; 9001.100 lbs., good and choice, $5,754/8.75; 1,100-1,300 lbs., good and choice, $6.50® 9.90; 1,300-1,500 lbs., good and'choice, $7.50 ®9.90: 550-1,300 lbs., common and medium. $3.50®7; heifers, 550-750 lbs., good and choice, $5®6.75; common and medium. $2.75® 5; cows. good. $3.25®5.50; common and medium. [email protected]; low cutter and cutter. $1®2.25: bulls, yearlings excluded, good, beef, $3®3.50; cutters, common and medium, [email protected]; vetjers, good and choice, $54/6; medium, $44/5; cull and common, s3® 4; stocker and feeder cattle, stockers, 550-1.050 lbs., good and choice. $4.50®6; common and medium. $2,504/4.50. Sheep—Receipts, 8,000; clipped lambs, 10 to mostly 25 cents lower; spring lambs, 50 cents and more off; sheep steady to weak; top clipped lambs, $8.25; bulk $8 down; asking $10.25® 10.50; top ewes. $2.50; slaughter sheep and lambs, spring lambs, good and choice, s9@ 10.50; medium, $8,254/9; lambs. 90 lbs. down, good and choice. $7,504/8.25: common and medium, $6,254/7.65; 90-98 lbs., good and choice. $7.75®8.35; ew'es, 90-150 lbs., good and choice. $1.75®2.50: all weights, common and medium, sl®2. LAFAYETTE. May 31.—Hog Market—s to 10c lower; 220-300 lbs., [email protected]; 300325 lbs., $3.15; 160-200 lbs.. [email protected]; 140-160 )bs., $2.55® 2.80; 120-140 lbs.. $2.05 ® 2.30; (00-120 lbs., $1.65® 1.75; roughs, $2.75 down. Top calves. $4.50. Top lambs, $8.50; spring lambs, [email protected]. FT. WAYNE, May 31.—Hogs—Steady to 5 cents lower; 250-300 lbs., $3.50; 200-250 lbs., $3.40; 160-200 lbs., $3.30; 300-350 lbs., $3.15; 150-160 lbs.. $2.9; 140-150 lbs . $2.65; 130-140 lbs., $2.40; 120-130 lbs., $2.10; 100120 lbs., $1.90; roughs, $2.50; stags, $1.25. Calves, $5.50. Lambs. $9.50. (By Times Special) LOUISVILLE. May 31.—Cattle—Receipts, 225; run includes tjvo loads stock cattle; salable supply slaughter classes in light demand; market slow, about steady with Tuesday’s sharp loss; bulk common to medium steers and heifers, s4®s; very little included eligible above $5.50; strictly good dryfed yearlings quotable to around $6.25; bulk beef cows, $2.50@3; good dryfeds eligible to $3.50 and above tor heifers types: low cutters and cutters mostly $1.254i2.25; bulk sausage bulls, $3 down; few desirable heavy kinds eligible higher; most stockers salable $4.75 down, Calves—Receipts, 400; weak to 50c lower: most loss on better grades; bulk vealers, $4 down; few $4.50. Hogs—Receipts, 1,600; early sales steady with Tuesday; some hogs unsold and held for 5c higher prices; bulk sales of 185-275 lbs., $3.60 275 lbs. up, $2.75; 160-185 lbs., $3.30; 143-160 lbs., $3.05; 120-145 lbs., $2.20; 100-120 lbs., $1.70; sows. $1.45. Sheep—Receipts, 2,000; run mostly spring lambs and fat sheep; market not established; most early bids on spring lambs. 50c lower or $9.50 for bulk of the better trucked in ewes and wethers; sellers generally asking steady to 25c lower. Plumbing Permits Frank Woods, Thirty-fourth and North Illinois, one fixture. E. B. Cool, 26-28 South Belle Vieu, eight fixtures. Harry Woirhaye. 770 North Holmes, two fixtures. William Steck, 548 Holly, six fixtures. Capitol Plumbing, 154 West Sixteenth street, one fixture. Capitol Plumbing, 124 West Thirtieth, one fixture. C’apitol Plumbing. 2360 North Capitol, two fixtures. Indianapolis Plumbing. 1510 Montcalm, two fixtures.

Indianapolis Plumbing Company, 117 West Thirtieth, two fixtures. Eli Kain, 1601 West Morris, one fixture. Eli Kain, 1742 Olive, three fixtures.

AIL Chemical Am. Smelting Am. Can Am. Telephone Am. Tob B Atchison Chrysler Con Gas N Y. DuPont Goodyear

Market Average m m m Twenty Active Issues Listed on the Y. Stock Exchange.

„ A.PB.IU _ MAV it n i ♦ 10 n vo r t* Di 79 , . ■ ■■ - ■ j | l 1 - 1 ■— l 4 .<--I 1 , . j - j_ . . I—l j 1 |vo ~ - % ■ i ■ ' ;*> i>o ■ | Ml. ~ w •■■■ ,■ - 9 I- ; ll> || h / J 1 V : ■ ■■ ■' 'W-V -• i ono | | I j im'Ef TIM>Pi:O I 4 j 1 700 V V . V ..... s ! *(.oo -\f—V).., v. | —:—L_ ! i/Y... . 5 I I I VOU OOUBL6O 7/% / Aft 2*aa | | M on (atu(u)av . / ' - 1 - '' Ii .I ■ I- V ... ~7 O o *'oo j j j a U 1 —_J U—ll J 1 t . I >oo - inii! 11 j ~jag-ng jj- g —— 5

rhis dally record of the movements of twenty active stocks, averaged, gives a clear view of the market trend. Long pull movements and daily variations are apparent at a glance

MAJOR RAIL FIRMS NET INCOME HIGHER Forty-Three Concerns Show Gain of 63.9 Per Cent. Bit Science Service NEW YORK, May 31.—Major railroad companies in the United States continue to run far ahead of the last two years, according to reports of the first * forty-three firms to report net operating incomes for April. Total net operating income for these roads during the month totaled $22,001,000, an increase of 63.9 per cent over the corresponding months of last year, and 39.8 per cent above the aggregate of the same forty-three roads in April, 1932. Results for the month, however, were not as impressive as in March this year, when net operating income of the same roads totaled $30,975,0000, an increase of 260.3 per cent over March, 1933. Grass revenues of the reporting roads during April was $149,862,000, an increase of 19 per cent over April last year. March gross revenue was 34.4 per cent above its corresponding month last year.

GROSS DEPOSITS OF RESERVE BANKS UP Ninety-One Leading Cities Report Increase. By Times Special NEW YORK, May 31.—Gross deposits of federal reserve member banks in ninety-one leading cities rose $25,000,000 last week. Individual deposits also gained, showing an increase of $64,000,000. New York was the only city tq report a decrease, falling $9,000,000 in gross deposits and $45,000,000 in individual deposits. The figures were more than made up, however, by a gain of $3,000,000 and $14,000,000, respectively, in Chicago, and $71,000,000 and $95,000,000, respectively, in the interior. Steady withdrawal of government deposits was halted in the interior banks, but New York released $10,000,000 and Chicago, $1,000,000. Deposits of other banks with reserve members advanced $6,000,0000 in New York, $10,000,000 here and $24,000,000 elsewhere. Commercial credit in all cities including Chicago and New York had a total drop of $26,000,000. Total loans and investments declined $31,000,000, and loans on securities was decreased $37,000,000.

In the Cotton Markets —May 29 CHICAGO High. Low. Close. January 11.90 11 83 11.84 March' ..... 11.95 July 11.55 11.48 11.50 October 11.76 11.65 11.68 December 11.86 11.78 11 80 NEW YORK January 11.85 11.74 11.81 March 11.96 11.85 11.91 May 12.04 12.00 12.01 July 11.50 11.39 11.44 October 11.70 11.59 11.64 December 11.81 11.70 11.76 NEW ORLEANS January 11-85 March .....' J}?? Mav 11.99 July 11.47 11.38 11.42 October 11.66 11.56 11.63 December 11.78 11.68 11.74 N. Y. Coffee, Sugar Futures COFFEE —May 29 Santos High. Low. Close. March 11.61 11.51 11.51 May 11.65 11.57 11.57 July 11.02 10.95 10.95 September 11.43 11.34 11.34 December 11.55 11.45 11.45 Rio January 8.59 March 8.64 May §.71 July 8.40 September 8.50 8.47 8.47 December 8.63 8.56 8.59 SUGAR High. Low. Close. January 1.74 1.70 1.70 March 1-80 1.75 1.75 May 1 84 1.79 1.79 Julv 1.59 1.53 1.54 September 1-60 1.59 1.60 December 1.73 1.6., 1.69 Retail Coal 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 Brazil lump £.75 Brazil egg £-25 Brazil mine run £OO Coke, nut size 8-75 Indiana* forked lump 5.50®5 75 Indiana, egg 5.25@5 50 Indiana, mine run 5.00®5 25 Kentucky lump 700 Pocahontas lump 8.25 Pocahontas egg 8 25 Pocahontas forked lump 9 25 Pocahontas mine run 7.25 New River smokless £ 25 West Virginia lump § 75 West Virginia egg £ 50 Island Creek 700 Extra charge of 50c a ton for wheeling coa-1. and $1 a ton for coal carried to bln. Plymouth Retail Sales Rise By Times Special NEW YORK, ‘May 31—Retail sales of Plymouth cars in the week ended May 19 totaled 7,315 units, an increase of 27 per cent over the like 1933 week.

IntT Harvester Johns-Manvili* Nat Biscuit Pub. S. of N j . trs Roebuck Stand of N J Un. Aircraft U. S. Steel Union Pacific Westinghouse

Cash Grain

INDIANAPOLIS The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b., shipping point basis 41(4 New York rate, were: WHEAT—Strong; No. 1 red, 91*5 920; No. 2 red. 93@91c; No. 2 hard. 90<591c. CORN—Firm, No. 2 white. 54® 56c; No. 3 white. 53®55c; No. 2 yellow, 51(<i53c; No. 3 yellow. 50®52c; No. 2 mixed, 506 t 52c; No. 3 mixed, 48®50c. OATS—Strong; No. 2 white. 36%@37%c; No. 3 white, 35%®36%c. —lnspections CORN—No. 3 W’hite. 2 cars; No. 3 yellow’. 9 cars; No. 4 yellow. 2 cars; No. 2 mixed. 1 car; total. 14 cars. OATS—No. 2 white. 5 cars; No. 3 white. 1 car; No. 4 white. 1 car; total. 7 cars. Local Wagon Wheat City grain elevators are paying 87 cents tor No. 2 soli red wneat Otnei grade.l- - their merits. (By United Press) CHICAGO. May 29.—Cash grain: Wheat —No. 1 hard. 98c. Corn—No. 1 mixed, 57c; No 2 mixed. 56%c; No. 2 yellow. 5( ®57%c; No. 2 yellow lake, 56%c; No. 3 yellow, 56%c; No. 2 white, 61%(nb2c. Oals —No. 2 w’hite, 41®41t*c; No. 3 white. 40 <5 41c; No. 4 white. 39(5 40c; sample graae white. 36®37c Rye—No sales. Barie;/ 754/ 84c; quotable. 474/92c. Timothy—No sales Clover seed—No sales. Cash provisions: Lard. $6.20; loose, $5.55; leaf. $5.50; bellies. $8.50. ST. LOUIS May 29.—Cash grain closed: Wheat —In good demand. %c to lc higher; hard grades also lc higher; No. 2 red, 95%<597%c: No. 1 red garlicky, 93c; No. 2 red garlicky, 93%i(/95%c; No. 3 red garlicky. 92%c; No. 2 hard. 98c. nominal. Corn—ln good demand, unchanged to (2c lower; No. 3 mixed. 57%c; No. 2 yellow. 57%4z53c; No. 3 yellow. 57%®58c. Oats — In slow demand, nominally lc higher; no sales. TOLEDO. May 29.—Grain close; (Gra.i in elevators, transit billing *: Wheat—No 2 red. sl® 1.01. corn-No. 2 yellow 1 . 60(2 @6I%C. Oats—No. 2 white 45%fe46%c Rye—No. 2. 67%C/68%c. (Track prices 28%c rate). Wneat—No. 1 red, 96%4/ 97‘ >c- No. 2 red. 95%4/,96%c. Corn—No. 2 yellow 56%®57%c; No. 3 yellow, 55% . 56c; No 4. yellow. 54%<5,55c. Oats —No 2 w hite. 424/ 43%c; No. 3 white. 414/ 43c Seed Close—Clover, cash $8.25. Aisike cash. $8.50. Produce Markets Delivered in Indianapolis prices: Heavy nens. 9c: Leghorn hens. 7c; 1934 boilers 2 .bs and over. 18c; under 2 ibs., 16c; Leghorn boilers 1% lbs. and over, 15c; bareback boilers. 12c; springer-slags. 6c; large springer-stags. 9c; old roosters, ducks and geese. 3c; young guineas. 1(4 to 3 lbs.. 20c: old guineas. 15c; No. 1, strictly Iresh country run eggs, loss off 10c. Each full case must weigh 5 lbs. gross; a deduction of fO cents a pound for each pound under 55 lbs. will be made. Butter—No. 1. 264f; 27c; No. 2, 24® 25c Butterfat. 20c. Quoted by Wadley Company. (By United Press) CHICAGO. May 31.—Eggs—Market unsettled. Receipts. 24,7it> cases; extra firsts, 15%c; iresh graded firsts, 15c; current receipts. 12?*&13%c: dirties No. 1. 12(2c; No. 2, 11 (2c; checks. No 1,12 c; No. 2,11 c. Butter—Market firm. Receipts, 17.918 tubs; extra firsts (90-91(2 score) 22%®23(4c; firsts (88-89% score), 21%@22(4c; seconds (86-87(2 score) 20(24/. 21c; extras (92 score), 24c; specials. 24% <525c; standards. 23%c. Poultry—Market weak Receipts. 34 trucks; hens, heavy 13c; old roosters. 7%c; geese, 6c; broilers, leghorn, 17@19c; turkeys. 15c; leghorn hens, {Jc'Q'lOc; barebacics. ducks, old, 9® 10c. Cheese—Twins, 12%4t 13cc. daisies, 13(*®13%c; longhorns, 13(4 ®l3%c. Potatoes—Old stock, supply moderate; demand and trading slow; market about steady; Idaho russets. $1.50® 1.60; combination grade, $1.35; United States No. 2, $1 35; Wisconsin round whites, $1.25. New Stock—Supply moderate; demand and trading moderate; market steady; Alabama bliss triumphs. $1.904i 1.95; slightly decayed. $1,654/ 1.75; Louisiana triumphs. $1.85® 1.95; dirties, $1.80; United States No. 2 $1.35; Texas trisl.7s; Mississippi triumphs, $1.90. Arrivals, 142; on track, 286; shipments Tuesday. 796; Wednesday. 908. NEW YORK. May 31.—Potatoes— Steady; southern, $1,754/3.80 barrel; Maine. $1.15® 2.50 barrel; Bermuda, $6 barrel. Sweet potatoes—Steady: Jersey basket. 60c® $2.15. Flout—Steady; springs: patents. $7.40® 7.65 barrel. Pork—Steady; jness. $20.25 barrel. Lard—Quiet: middle west spot, $4,104/4.20 per 100 lbs. Dressed poultrysteady: turkeys. 124/27c; chickens. 84/29c; broilers, 194/29c; capons, 21®34c; fowls, 134/ 18c; ducks, 10® 13c; Long Island ducks, 14® 15c. Live poultry—Steady; geese, 6® 7c; turkeys. 104/ 17c; roosters, 9c; ducks, 84t12c; fowls, 154/18c; chickens, 9c: capons 22c- broilers, 154/26c. Cheese—Dull; state whole milk, fancy to specials, 18®19c; Young America, 14@14%c. CLEVELAND, May 31.—Butter—Market firm; extras. 28c; standards, 2714 c. Eggs —Market, firm; extra white. 14 ; current receipts, 13(4c. Poultry—Market, steady; colored fowl, 6 lbs. and up, 14c: colored fow’l medium. 15c; old roosters, 9c; ducks white. 5 lbs. and up. 14® 15c; boilers, fancy roocks, 264/27c. Potatoes—Alabama red $24/2.15 per 100 lb. sack; Maine best around $1.40® 1.60 per 100-lb. sack.

Births Boy* William and Georgia Davis, 2834 North Denny. Nile and Pearl Eaton, Methodist hospital. Robert and Ruth Hadley, Methodist hospital Albert and Virginia Campbell, Methodist hospital. Karl and Elsie Davis, Methodist hospital. Jonah and Inez Izor, Methodist hospital. Everett and Florence Larison. 3442 West North. Albert and Edna Brooks, 525 North Somerset. Le Roy and Edna Bault. Coleman hospital. William and Hilda Heinlein, Coleman hospital. . „ , Aivin and Dolores Johnson, Coleman hospital'. ... t _ , Donald and Leola Kiphart. Coleman hospital. , .. _ , Carl and Genevieve Lines. Coleman hospital. Robert and Viola Smith. Coleman hospital. Dale and Myrtle Walter, Coleman hospital. Claude and Ada Hayse, 1256 Kappes. Harry and Nettie McKee, St. Francis. Daniel and Ruth Sheehan, St. Francis. Girls Sexton and Mary Corcoran. Methodist hospital. Earl and Goldie Hendrixson, 2334 Parker. Robert and Mary Kepner, 3200 South Tacoma. Howard and Ada Pate, 1648 South Emerson. Fred and Grace Gideon, 49 North Holmes. Ralph and Helen Boaz, Coleman hospital. Harry and Harriett Ebert. Coleman hospital. Fisk and Mary Landers. Coleman hospital. Theodore and Mattie Sample, 611 East New' York. Guy and Gertrude Gunckle, 1633 Churchman. James and Sarah Havens, 1816 North Harding. William and Ruth Shively, 1446 South Kappes. Russell and Elizabeth Nance. 1732 North Arsenal. Walter and Maggie Dorsey, 2432 Arsenal. Harry and Myrtle Hood. 2621 Eastern. Roy and Eura Smith, 1712 Sheldon. Joseph and Eunice Prestepe, St. Francis. Lewis and Hazel Stokes. St Francis. John and Hazel Gill, St. Francis. Charles and Avis Ludwig. St. Francis. Twins Leonard and Clotilda Stone, St. Francis. I

PAGE 15

WHEAT PRICES REACH SI MARK AFTER DECLINE

* > Sudden Buying Drive Forces All Deliveries 1 to 2 Cents Higher. By United Press CHICAGO, May 31.—Wheat futures reached the $1 a bushel level on the Chicago Board of Trade today for the first time since last year. Both May and September futures reached the dollar figure. When trading started this morning futures positions were off fractionally to more than a cent a bushel. Then came sudden buying. The market spurted 1 cent to more than 2 cents a bushel, July and September deliveries touching new highs for the season. Lack of important rainfall in the drought-stricken region brought the added buying into the market today. By United Press CHICAGO, May 31. Wheat prices slipped lower at the opening of the Board of Trade today in sympathy with a drop in the Winnipeg market yesterday and on prediction of showers in the Canadian and American northwest today. At the start wheat was Vs to 1% cents lower, corn was off % cent, oats was up to Vs cent, rye was unchanged to off Vs cent, and barley was off % cent. Although no scattered rains were reported over the American belt, the weather map predicted rains and this fact brought sellers into the market. First trades in wheat were sharply lower with September touching 97 cents at the inside. The selling movement quickly ran its course, however, and a rally of 3 cents from the inside figure followed and September reached $1 for the first time since last Auguest. The market was a broad affair with commission houses and local operators free buyers on the way up and some stop loss orders were uncovered. Chicago Futues Range —May 31Wheat— Prev. High. Low. 10:00. close. May 1.01 ,97( 1.01 .98 July 1.01 .96 1.00% .97% Sept 1.02% .97 1.02% .98% Corn— May 57 .55% .57 .55% July 59 .56% .59 .57 Sep* 60% .58(2 .60( g .58% Oats— May ' .41% July 44% .42 .44(4 .41% Sept 45 .42 .44% .41% RyeMav .60% July 63% .61% .63% .62% Sept 65(2 .63% .65(4 .64 Barley— May .50% July 54% .53 .544* .52% Sept .. .53% .53% CHICAGO PRIMARY RECEIPTS —May 29 —Bushels— Todav. Last week. Wheat 643.000 048,000 Corn 355.000 347.000 Oats 168,000 289 000 COMMODITY PRICES DIP THREE POINTS IN WEEK Thirty-Four Groups Decline, While Twelve Advance. WASHINGTON, May 31.—For the first time in several w r eeks wholesale commodity prices declined during the latest week, according to the index of the National Fertilizer Association. When computed for the week ended May 26 this index declined three points, receding from 71.7 to 71.4. During each of the four preceding weeks the index advanced. Os the fourteen groups in the index six were active during the latest week. All of these declined. The prices for twelve commodities advanced during the latest week, W’hile the prices for thirty-one declined. The advances w r ere the fewest in many weeks, while the declines were at about the same level of the last two or three weeks. A week ago there were thirty-four advances and twenty-six declines. I,3OO~BANKS OPERATE WITHOUT INSURANCE Depocits Estimated at $4,000,000 by Federal Reserve Bullein. By Times Special CHICAGO, May 31. —Approximately 1,300 unretsricted banks in the United States which are not members of the deposit insurance fund were in operation on March 31, according to figures of the Federal Deposit Insurance Corporation. The federal reserve bulletin which reviews bank statistics of the first few months of each year estimates these institutions have aggregate deposits of $4,000,0000,000. SUPREME COURT OF THE STATE OF NEW YORK—COUNTY OF NEW YORK. County Clerk’s Number 11422—1933. In the Matter of the Application of the people of the State of New York, by George S. Van Schaick, as Superintendent of Insurance of the State of New York, for an order to take possession of the property and rehabilitate the GLOBE AND RUTGERS FIRE INSURANCE COMPANY. Notice of Filing First Report, Audit and Petition: Notice of Motion to Confirm. Sir: PLEASE TAKE NOTICE that the first report, audit and petition of the Superintendent of Insurance of the State of New York as Rehabililator of Globe and Rutgers Fire Insurance Company, duly verified, will be duly filed on or before the 2nd day of Julv. 1934, in the office cf the Clerk of the County of New York; mat a duplicate original thereof will be filed at the same time in the office of the Bureau of Liquidations. Conservations and Rehabilitations of the Insurance Department of the State of New York. No. 80 Centre Street. Borough of Manhattan, City, County and State of New York: and that a triplicate original thereof with-support-ing vouchers will be filed at the same time in the office of Saul J. Lance. Special Deputy Superintendent of Insurance In charge of the above named company at No. 11l William Street. Borough of Manhattan, Citv, County and State of New York. Said first report, audit and petition will be available for inspection by- creditors and stockholders at the abovenamed offices. PLEASE TAKE FURTHER NOTICE that said report, audit and petition will be presented to the Supreme Court of the State of New York, at a Special Term. Part I thereof, for motions, to be held at the County Court House. Pearl and Centre Streets, in and for the County of New York. Borough of Manhattan. City of New York, on the 15th day of August, 1934. at 10:00 o'clock in the forenoon of said dav or as soon thereafter as counsel can be heard, and a motion will then and there be made thereon for an order as follows: 1— Approving and confirming the proceedings had and actions taken therein by the Rehabilitator from March 24. 1933. to March 31. 1934; 2 Approving and confirming all expenses paid and all other disbursements made as set forth in said report; 3 Approving and confirming the assets. income and receipts charged against the Rehabilitator as set forth in said report; 4_Granting such other, further and different relief as mav seem to the Court just and equitable in the premises. Yours, etc. GEORGE S VAN SCHAICK. Superintendent of Insurance of the State of New York. BASIL O'CONNOR. Attorney tor Superintendent of Insurance. 120 Broadway, New York City. To- All Creditors and Stockholders or Globe and Rutgers Fire Insurance Comoanv. Dated. New York, N. Y„ May 24th. 1834.