Indianapolis Times, Volume 46, Number 23, Indianapolis, Marion County, 7 June 1934 — Page 18

PAGE 18

Wall Street Nation’s Big Business Men Hope Washington Will 'Turn Off Heat.’ by RALPH HENDERSHOT

Times Special Financial Writer THE United States senate is expected to vote before adjournment on the question of whether the banking committee should continue its inquiry into stock market and banking practices throughout the next session of congress, according to Washington advices. Business men generally and Wall Street bank-

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Hendershot

tant way if it is ever to get out of the depression. There is reason to believe there is something to what these bankers and business men say. They have been put on the pan, of course, and they probably are more than a little biased in their ideas on the subject, but even after giving weight to that factor it would seem that their interests are not entirely concerned with themselves in this instance. tt tt tt ONE also wonders what additional consturctive work can be done by the committee in the line of further probig. No doubt it can uncover new irregularities, but these probably would not differ a great deal from those already disclosed. If illlegal acts have been committed —no convictions have been secured thus far —might it not be better to have them taken care of by the courts? The most tangible results of the committee investigations thus far have been the securities act of 1933 and the stock market legislation of 1934. Its revelations undoubtedly procided the basis and revealed the need for these two measures. But these laws have been placed on the books or will' have been as soon as President Roosevelt signs the stock market bill, so it would seem that the committee’s work has been completed—unless, of course, the administration has some new business laws in mind. If, as may be assumed from surface indications, no new correctives are believed to be needed at this time, little good and much harm to business might ;be done by continuing to spread financial and business dirt on the records. Business is unlikely to go ahead very rapidly as long as uncertainty exists over what may be expected in the way of new laws, so the senate might very well base its decision on the question of whether its members’ constituents are more interested in a trade revival or in interesting reading on the front pages of the newspapers. an a That Wall Street has been shown the error of its way is rather obvious to any one who comes in contact with the people in that vicinity. That the bankers and brokers will find it possible to repeat their past mistakes legally is rather doubtful. Washington has done a much better financial repair job than the country had any right to expect, even though some modifications may be needed, but the consequences of not knowing when to quit might very well take the edge off its achievements. If business does not soon get into second gear in its trip out of the depression the government may be forced to resort to currency inflation in a big way. Many people would not like to see that happen. - N. Y. Coffee, Sugar Markets COFFEE —June 6*™ ■—Santos— High. Low. Close. March 11.38 May 11.45 July 10.78 September 11.20 11.17 11.17 December 11.32 11.30 11.30 —Rio— January 8.56 March 8.64 8.61 8.61 May 8.74 8.70 8.70 July 8.38 September 8.43 December 8.56 8.50 8.50 SUGAR High. Low. Close. January ... 1.70 March 1.77 1.76 1.76 May 1.81 1.80 1.81 July 1.54 1.53 1.54 September 1.61 1.60 1.61 December 1.70 1.69 1.70 In the Cotton Markets —June 6 CHICAGO High. Low. Close. January 12.48 12.36 12.36 March 12.58 12.45 12.48 May 12.68 12.57 12.57 July 12.09 11.97 11.99 October 12.32 12.18 12.20 December 12.43 12.31 12.33 NEW YORK January 12.41 12.29 12.35 March 12.53 12.38 12.45 May 12.61 12.50 12.56 July 12.02 11.89 11.94 October 12.26 12.11 12.17 Decemebr 12.35 12.38 12.28 NEW ORLEANS January . 12.33 12.29 12.29 March 12.43 12.40 12.40 May 12.56 12.54 12.54 July 12.00 11.88 11.93 October 12.22 12.07 12.13 December 12.33 12.19 12.25 Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. Domestic Retail Prices Anthracite $14.25 Brazil lump 5.75 Brazil egg 6.25 Brazil mine run 5.00 Coke, nut size 8.75 Coke, egg size * 8.75 Indiana forked lump 5.5005.75 Indiana egg 5.2505.50 Indiana mine run 5.0005.25 Kentucky lump 7.00 Pocahontu* lump 8.25 Pocahont'as egg 8.25 Pocahontas forked lump 9.25 Pocahontas mine run 7.25 New River smokeless 8.25 West Virginia lump 6.75 West Virginia egg 6.50 Island Creek ••• 7.00 Extra charge of JOc a ton for wheeling coaL and $1 a ton for coal carried to bin. BUILDING CONTRACT LET $325,000 Addition to Be Made on Inland Company at Daytort, By Times Special DAYTON, 0., June 7.—Announcement of the letting of contracts for the construction-.of a $325,000 factory building adjacent to its plant was made this week by the Inland Manufacturing Company, subsidiary of General Motors Corporation here. The new structure is expected to be completed within four months, in time to begin manufacture of 1935 piquets.

STOCK MARKET UNSETTLED ON STRIKETHREAT Heavy Profit-Taking Forces Values Irregularly Lower. By United Press NEW YORK, June 7. —Menace of a steel strike unsettled the stock market at the opening today. Prices were irregularly lower with volume small. United States Steel common stock open at 39%, off %, and later extended its loss. The proferred opened unchanged at 83 and then declined. National Steel, Youngstown Sheet and Tube and A. M. Byers were down fractionally. Oil shares, favorites in yesterday’s market, ran into profit-taking in fairiy heavy volume. Amerada dipped to 54%, off %, and a similar loss was noted in Petroleum Corporation at 10%. Smaller declines were made by several others of the group. Later Fetroleum Corporation met support. SoconyVacuum, Standard of New Jersey and Standard of Caifomia were upnehanged. J. I. Case firmed % point and a few other issues, including Dome Mines, Chesapeake & Ohio, Union Carbide and Continental Can made small gains. General Motors, American Can, Chrysler, United States Smelting and American Commercial Alcohol were down fractionally. During the early dealings volume continued small with prices near the opening levels. Aside from the steel news, which included refusal of a closed shop by the industry’s executives, there was ’ nothing of market importance. Money and Exchange INDIANAPOLIS BANK CLEARINGS —June 7 SSM* 1 * 55 $1,783,000.00 Demts 4,795,000.00 FOREIGN EXCHANGE (Bv Abbott. Hoppin & Cos.) —June 6 Sterling. England $5 063/®®' Franc France 066115 Lira. Italy "pros Lira. Italy •.. ...! I! I! "! I! OR6R Belgias. Belgium 233a Mark. Germany 3300 Guilder. Holland 6735 Krone. Denmark 12262 Treasury Statement (By United Press) WASHINGTON June 7.—Government expenses and receipts of the current fiscal 5. compared with the corresponding period of the previous fiscal year: „ This Year Last Year Expenses $6,462,084,548.67 $4,749,700,059.66 Receipts. 2.776.262.984.69 1.826.376.931.28 clsh cit bai. I Sffla 2 : 923 : 323 164 ; 38 Investment Trust Shares (By Abbott. Hoppin & Cos.) —June 6 Am Bank Stocks Corp * S fe Am & General Sec A 4.50 600 Am & Inv Tr Sh 1.75 Basic Industry Shares 3.23 329 British Type Inv. Tr. Sh 45 :50 Collateral Trustee Shares A.. 4.50 475 Corporate Trust Shs (01d)... 2.05 207 Corporate Trust Shs (new).. 2.25 227 Cumulative Trust Shares .. 3.837 393 Diversified Trust Shrs A 625 Diversified Trust Shrs B 7.50 775 Diversified Trust Shs C 2.98 304 Diversified Trust Shs D 4.50 4 75 First Insur Stock Corp 1.23 1.28 First Common Stock Corp .64 68 Fixed Trust Oil Shares A ... 7 87 Fixed Trust Oil Shares B 6.87 Incorporators Investments ..16.91 18 14 Land Bank Bond Shares ... 1.18 1.31 Low Priced Trust Shares 5.90 610 Mass Inv Trust Shares ...18.25 19.84 Nation Wide Securities 3.22 330 N Am Trust Shares (53) . . 1.83 . N Am Trust Shares (55-56) 2.27 2.31 N Am Trust Shares (58) 2.25 2 30 Selected American Shs 242 Selected American Shs Inc.. 1.10 il9 Selected Cumulative Shs 6.27 Selected Income Shs 3.26 375 Std Am Trust Shares A 2.77 2 82 Trust Shares of America 2.60 2.65 Trustee Std Oil A 5.60 5.75 Trustee Std Oil B 5.08 5.28 Trustee Std Oil B 5.03 5.28 U S Electric Lt & Pwr A... 12.25 12.50 Universal Trust Shares 2.08 2.18 Daily Price Index (By United Press) NEW YORK. June 6.— Dun & Bradstreets daily weighted price index of thirty basic commodities compiled for the United Press: (1930-1932 Average. 100) Today .... H 2 71 Yesterday 112:94 Week ago (Holiday) ago (June 7) 91.56 1934 High (June 5) 112.94 1934 Low (Jan. '*) 101 05 (Copright. 1934. by Dun & Bradstreet. Inc.)

ers have been hoping that Was hington would “turn off the heat.” They maintain that it has been retarding business and destroying the confidence of the public in the men and in s t itutions upon which the country must depend in an impor-

Bright Spots ““(Bv Abbott. Hoppin & Co.)~"

Kresge May sales totaled $11,660,348 against $9,941,023 for the same month of 1933. Earnings for five months were $51.769.077 as compared to $44,421,205 an increase of 16% per cent. Bankers Trust declares 75 cent regular quarterly dividend payable July 2, to stock of record June 12. Gasoline stocks during the week ending June 2 declined 1.261.000 barrels to 53,232.000 barrels. Standard Oil of New Jersey earnings were approximately $3,500,000 a month. Schenley Distillers Corporation and subsidiaries for the March auarter show a net profit of $3,214,337 or equal to $3.06 a share on 1,050,000 shares of capital stock. Montgomery Ward Mav sales were $20.934 510 as compared to $15,247,812 for the corresponding period of 1933. a gain of 37.3 per cent. Sales for four months totaled $52,308,663 an Increase of 44.4 per cent. April sales also showed an increase of 33.2 per cent. INVESTMENT SECURITIES DECLINE DURING WEEK Average of Ten Leading Common Stocks Drop to 12.57. By Times Special NE WYORK, June 7. tment trust securities were slightly lower during the last week. The average for the common stocks of the ten leading management trusts, influenced by the leverage factor, as compiled by AlliedDistributors, Inc., stood at 12.57 as of the close June 1, compared with 12.94 on May 25. The average of the non-leverage stocks stood at 14.57 as of the close June 1, compared with 14.65 at the close on May 25. The average of the mutual funds closed at 10.23 compared with 10.45 at the close of the previous week. U. S. DOLLAR ~~WEAK Gold Price Drops 5*4 Cents an Ounce. By United Press LONDON, June 7.—The dollar weakened today and the pound was $5.06%. Gold went down 5% cents a fine ounce to $34.74*2, with the sterling rate 137 shillings, 1% pence, down 9 pence. Yesterday’s price was fixed with the pound at $5.04%. Gold sales jumped upward to £1,058,000 ($5,361,415), of which nearly half was bought for shipment to New York. By United Press PARIS, June 7.—The dollar weakened today and francs were 15.11 to the dollar (6.618 cents a franc). ‘

New York Stocks <Bv Abbott. Hoppin & Cos.)

. AVERAGE STOCK PRICES FOR WEDNESDAY Net Hgh. Low. Close. Change. Thirty industrials 95.68 94.27 94.77 +.ll Twenty rails 44.08 43.64 43.78 +.64 Twenty utilities 23.31 22.97 23.05 —.17 Forty bonds .... 94.06 +.07 Ten first rails .... 101.22 —.30 Ten second rails f. .... 80.59 —.02 eTn utilities .... 97.92 +.17 Ten industrials .... 95.52 +.45 —Off; +Up.

—June 7 Frev. Oils— High. Low. 10:00. close. Amerada ... 54% 55 Atl Rfg 25% 26 Barnsdall 8 Consol Oil 10% Cont of Del 20% 20>A 20% 20% Houston (new) 4Vi Houston (old) 22 Vi Mid Cont Pet 13% 13% Ohio Oil 12 % 12% i Pet Corp 11% 10% 11% 11% Phillips Pet 19% 19 19% 19 Va Plymouth Oil 12% Pure Oil 10% 10% Royal Dutch 33% 33% 33% 33% Sbd Oil ... 33% Shell Un 8% Skelley Oil 9% Soc Vac 15% 15% SO of Cal 34% 34% SOof N J 44Vi 44 44% 44 Sun Oil 61% Texas Corp 25% 25 25% 25 Tidewater Assn 13 Un Oil of Cal... 16% 16% 16% 16% Steels — Am Roll Mills 17% 18% Beth Steel 33 Vi Byers AM 21 21% Col Fuel & lon 4% Cruc Steel 24% Ludlum Steel 14% 14 McKeesport Tin 85 Mid Steel ... 13 Natl Steel 4040% Otis Steel 4% 5 Rep Iron & Steel 16% 16% Rep Ir & Stl pf. 46% . • U S Pipe & Fdy 23 23% U S Steel 39% 40% U S Steel pfd 83 83 Warren Bros . 9 Youngst’n S& T 19% 20 Motors— Chrysler 39% 39% Gen Motors . 31 30% 30% 31% Gen Motors pfd 100 Graham Mot 2% 2% Hudson 12% 13 Hupp 3 Vi Mack Truck 26 26 Nash 17% 17% Packard % ... 374 3% Reo 3% Studebaker 4% Yellow Truck 4% ... Motor Access— Bendix ... ... 15% Bohn Alum 55 Borg Warner ... ... 23 Briggs 17 Budd Wheel 3Vi . Eaton Mfg ... 17Vi Elec Auto Lite 22Vi Houdaille ‘A’ 4% Mullins Mfg 10% Mullins Mfg pfd 33% Murray Body 7Vi Stew Warner 7Vi Timken Roll 28% 28% Timken Det Axel ' 5>% 67* Mining— Alaska Jun 20% 20% Am Metals 23% 23% Am Smelt 39% Anaconda 14% 14>o Cal & Hecla 4% Cerro De Pasco 35% Dome Mines 41% 41 Granby 9% Gt Nor Ore 11% Howe Sound 52% 53% Ins Copper 4% Int Nickel 25% 26 Int Sliver 30% Isl Creek Coal •. 28%' Kennecott Cop 19% 19% Mclntyre Mine 47% 47% Noranda Cop 43% 43% Park Utah 4Vi Phelps Dodge 16% 16 Vi St Joe Lead 19% 19 19 19% U S Smelters 119% 120 Vanadium 20 Amusements— Crosley Radio .... 13% Fox Thea 14% Loews Inc 32 Vi 32 32 32 Vi Radio Corp 7% 7% RKO 2 Vi Warner Bros 6% Tobaccos; — Am Sum Tob 18 . Am Tobacco A 69% Am Tobacco B . 71% 71% 71% 71% Ligg & Myers B 94% Lorillard 18 17% Reynolds Tob B 44% 44% Rails— Atchison 55% 55% Atl Coast Lines 41 B & O 23 Vi 23% Can Pac 15% 15% Ch & Ohio 46% 47 Chi & Gt W 3% C M & St P 4Vi C M & St P pfd 8% 8% 8% 3% Chi N W 9% Dela & Hud 53 Vi Del Lac & W 23 % Erie 19% Grt Northrn pfd ■ ' v 21 111 Central 25% 25Vi 25% 25Vi K C Sou 13 Lehigh Valley 15 Lou & Nash 52% M K & T ... 9 9 Mo Pac pfd 5% N Y Cent 27% 28% NYC & StL pfd 36 Vi N Y N Haven 15% Norfolk & Wes 180 Nor Pac 24% 25% Penn R R 29% Sou Pac 23 22% 22% . 23 Sou R R ... 25% Sou R. R pfd 31% Union Pac 121 Va Wabash 3% West Md 12% 12 Equipments— Allis Chalmers 15% Am Brake Shoe 25 Vi ... Am Car & Fdy 21 Vi Am Loco 24 Am Mch & Fdy 15% Am Steel Fdy 15% 15% Bald Loco 11 Bald Loco pfd 43 Burroughs 13% Case J I 50% 50 C'ater Tract 26 Deere & Cos 19% Foster Wheeler 15% Gen Am Tk Car ... 37% Gen Elec 19% 19% 19% 20 Gen R R Sig 33 % Ingsol Rand .' ... .... 57% Int Harvester 32Vi Natl Cash Reg 16% 16% Pullman Inc 50% Rem Ra id 9Vi Und Elliot ... VO% West Air B 27% Westingh Elec 34% 34% Utilities— -> Am & For Pwr 8 Am Power & Lit 6% AT&T 115 Am Wat Wks 18% 19 Col Gas & Elec 12% Coi G & E pfd 74 Com & Sou 2 2% Consol Gas 32% 32 Vi Elec Pwr & Lit 5% 5% Int Hydro Elec '.. 6 l / 4 Int T & T 12% 12% Nat Pwr & Lit 9Vi North Amer 17 17% Pac G & E 17% 17V* Peeples Gas 30% 30% Pub Serv N J... 36% So Cal Edison 16 16 Std Gas 10 Std Gas pld 12 Stone & Webster 7% 7% United Corp 5Vi 5% Un Gas Imp 15% 15% Western Union 433/. Rubbers— Goodrich 13% 13% Goodyear , 28% Kelly Spring 2% 2% U S Rubber 18% 19 U S Rubber pfd 46 46% Miscellaneous— Am Bank Note 19% 19 Vi Am Can 94% 95 Anchor Cap 20% Brklyn Man Tr 39 Conti Can 75% 75 75 75% Crown Cork ... . 26 Curtis Pub 22 22% Curtis Pub pfd 79'/* Eastman Kodak.. .. 9% Gillette 10% 10% Glidden 25% 25% Inter Rapid Tr BVi Owens Bottle 74% ... Raybestos Mfg 18% .Foods — Am Sugar 59% 59% Armour ‘A’ 6% 6 Beatrice Cream 16 Borden Prod 25 25% Cal Packing 30% 31% Canada D 5 Ale 21% 21 % Coca Cola 123% Cont Bak “A” 10 Corn Prod 66% 66% Crm of Wheat 32% Suban Am Sugar 3Vi Gen Foods * ... 32% Gold Dust 19% G W Sugar 29% 30% Hershev • 29 Vs Loose Wiles * 41 Vi Natl Biscuit 35 35 Natl D Prod .. 17% 17% 17% 17% Purity Bak 13% S PortO R Sug 32 Std Brands .... 20 19% 20 20% Un Biscuit 23% United Fruit 72% Ward Bak A 6% Retail Stores— First Nat Stores . ... ... 40% Hahn Dept Sts 5% Jewel Tea 46 Kresge S S 18% 18% Kroger Groc 29% 29% Macv R H .40Vi Marshall Fields '15% May Dept St 36% Mont Ward ... 25% 25V4 25% 25% Natl Tea 13% Penny J C 54 53% Safeway St 48% Sears Roebuck.. 40% 4040 40% Woolworth 48% 48% 48% 48% Aviation— Aviation Corp 7 7 Curtiss Wright. 3Vi Curt Wright A 10% 10% Douglas Air 20% Nor Am Av 4% 4% SDeerv Corp .■. 9% 9 ,9 9 United Aircraft. 20% 20% 20% 20% Wright Aero 53 Chemicals— Air Reduction 93 Allied Chem 134 Am Com Alcohol •• ... 34% 4% Col Carbon 66% Com Solvents 22% 22V* Dupont ... 84% 85% Freeport Tex .... ..* ... 39% * 28%

THE INDIANAPOLIS TIMES

Math Alkali 30 Vi Montosonta Chem 43% 43% Natl Dis (new) 25 25% Scheneley Dist.. 27% 27% 27% 27% Tex Gulf Sulph 33% 337* Union Carbide 391s 39% Virg Ch 6% pfd 17% Drugs— Coty Inc 5% 5Vs Lambert 27% 27% Lehn & Fink 21% Un Drug 16% 16 Zonite Prod 5% Financial— Adams Exp BVs Allegheny Corn 2% Chesa Corn 44% Lehman Corn 66 Transamerica 6% 6% Tr Conti Corp 4% Building— • Am Radiator 13% 13% Gen Asphalt 18% Int Cement 23 Johns Manville 48% Libby Owens Gls 30 297* Otis Elev 15% Ulen Const 2% Household— Col Pal Peet 137* 13% Congoleum 26% Kelvinator 18% 18% 18% 18*% Mohawk Carpet 17% Proc & Gamble 33% 33% Simmons Bed 16% 16% Textiles— Amer Woolen 11% Belding Hem 12% Celanese Corp 24% Collins Aikman ... 17% Gotham Hose 7% Indus Rayon 24 % Real Silk 9% New York Curb (By Abbott Hoppin & Cos.) —June 6 Close: Close. Allied Mi 115.... 8 Gulf Oil of Pa. 63 Alum Cos of Am 64% Hiram Walker.. 35% Am Beverage .. 1% Humble Oil ... 44% Am Cyanide 8.. 17% Imperial Oil Ltd 14V* Am Gas & El.. 25 Int Petrol 25 Am Superpow’r 2% Lake Shore Min 52>/s Ass Gas & El.. %|Loe Star Gas .. 6 Atlas' Corp ... 11 Natl Bellas Hess 3% Can Marc 2%|Newmont Min.. 48 Carrier Corp... 7 Nia Hud Pwr;.. 5% Cities Serv ... 2%jNovadel Agene.. 20% Consol Gas of 863 iPark Davis .... 24% Cord Corp .... 4% , Penn Road 2% Creole Petrol . 12% St. Regis Paper 3V* Crown Cork Inti 7V*tSal Creek Prod. 6% Deere &Cos .. 19% Sherwin Wms.. 65% Distillers Lim. 14%'Std of Ind ... 26% Distillers Corp. 15%,5t dos Ky .... 15% Fisk Rubber . . 13% Technicolor Ind 10% Ford of Can A 20% Teck Hughes G 6% Ford of Europe B%!Un Gas .. 2% Gen Aviation 4%IUn Pwr & Lt A 2% Glen Alden Coal 16%Wright Harg M 9%

Chicago Stocks (Bv Abbott. Hoppin & Cos.) ■—-

—June 7 High. Low. 11:30 Asbestos Mfg 2% Bendix Aviation 15 Borg-Warner 22% 22% 22% Butler Bros 9% 9% 9% Berghoff 7% Cent 111 Securities com % Chicago Corp com • •• .. 2% Cities Service 2% 2% 2% Cord Corn 5 4% 5 Electric Household * 15V* Libby McNeil 5% Lynch Corp 34V* Middle West Utilities V* Public Service N P ..... • 17 Swift &Cos 16% 15% 16V* Swift Internacional ... 30% 30*% 30% Portex Cup Cos 13% Zenith Radio 2%

Bond Prices 'By Fenner * Beane i ’ l,l

—June 7 ( High. Low. 10:00. Alleg Corp 5s ’SO 38*% 39V* 39*/* Am & For Pwr 5s 2030. 53*% 53 V* 53% A T & T db 5s ’65 107% Atchison Gen 4s ’95 ...102% 102% 102% B & O CV 4%s ’6O 66*% 65*% 65% Beth'Steel 5s A ’42 .... . . . 102% Can Pac 4s 83 82% 82% CMStP&P adj 5s A 2000 13V4 13% 13% C M St P & P rs 5s A ’75 42 41*% 41% Con Gas N Y 4%s ’sl 104*% Det Ed 5s E ’52 107 V* Erie R R rs 5 ’67 71% French 7s ’49 182 Goodyear 5s ’57 98% Gt Nor 4%s D '76 75 74% 74% Gt Nor 7s '36 92% 92 92 Interboro RT 5s ’66 .. 63% 68*% 69% Int T&Tdb 5s ’55 . . 64*/* 64 64 McKess & Robb 5%s ’SO ... 82 Nat Dairy db s*/*s ’4B . 95%' 95% 95% N Y Cent 4%s O 2013 . 75% 75% 75% Nor Am 5s '6l . . ... 87 Penrf R R 4%s D ’Bl 98% 98 98% Poland 7s ’47 111*% Shell Un Oil 5s ’47 98% Texas Corp 5s ’44 j. ... 102% Tob Pr N J 6’is 2022 105 Un Pac Ist ’47 106% 106% 106% U S Rubber 5s A ’47 85*% Vanadium 5s ’4l 80 Western Un 5s ’sl 87*% U. S. GOVERNMENT BONDS (Bv United Press) NEW YORK. June 6.—Closing liberties. (Decimals represent thirtv-seconds.) —Liberty— 3%s (32-47) 103.27 First,4%s (32-47) 103.25 Fourth 4 Vis (33-38) 103.29 —Treasury—-4V4s-3V4s (45) 103.12 4%s (47-52) 112.10 3%s (43-47) 104.8 3%s (40-43) June 104.16 3Us (43) 104.17 3%S (46-49) 101.24 3s (51-55) 100.17 FEDERAL FARM LOAN BQNDS (By Blyth & Cos.. Inc.) —June 6 Bid Ask 4s Nov. 1. 1957-37 100% 101% 4s May 1. 1958-38 100% 101% 4%s July I. 1956-36 100% 101 % 4Vis Jan. 1. 1957-37 100% 101% 4%s May 1. 1957-37 100% 101*% 4% Nov. I, 1958-38 101% 4%s May 1, 1942-32 100% 101% 4%s Jan. 1. 1953-33 100% 101% 4%s July 1. 1953-33 100% 101% 4 Vis Jan 1. 1955-35 101 101% 4%s Jan. 4. 1956-36 101% 4%s July 1. 1953-33 100% 101 Vi 4%s Jan. 1. 1954-34 100% 101 >/* 4%s July 1. 1954-34 100% 101 >/* 5s May 1. 1941-31 101% 102% 5s Nov. 1. 1941-31 101% 102% —Home Loan—--4s July 1. 1951 101.13 101.19 —Federal Farm Mortgage Corporation—--3 Vis March 15, 1964-44 101.25 101.31 The two latter quotations are in thirtyseconds. New York Bank Stocks (By Abbott. Hoppin & Cos.) —June 5 Bid. Ask. Bankers 62 62*% Brooklyn Trust 112 115 Central Hanover 128 129 Chase National 28% 29 Chemical 4040% National City 28% 28% Corn Exchange 51% 52V* Continental 13% 13% Empire 19 19% First National 1,650 1,665 Guaranty 364*% 366*% Irving 17% 17% Manhatten & Cos 29% 30 Manufacturers 21% 22V* New York Trust 102*% 103'% Public 32 V* 34 INDIANA CROPS SUFFER FURTHER FROM DROUGHT Wheat, Oats Deteriorating; Many Local Fields Beyond Help. Intense heat during the week ended Tuesday was very unfavorable to crops throughout the state, and very little progress was shown in crop progress, according to the United States Department of Agriculture. • Indiana crops are still in need of rain. None was reported for the first three days of the week, and the moderate showers during the latter part of the wfeek were insufficient to cause much progress. Wheat deteriorated somewhat, due to lack of sufficient moisture for proper filling. Oats also are deteriorating, and reports are being received that corn seed are not germinating in the dry soil. Truck crops and plants, such as tomatoes and tobacco, all are in need of a slow, generous rain. Onions have suffered badly in northern fields. Barley is being harvested in the extreme southwest. Many local fields are reported beyond all help.

PORKER PRICES RISE 10 TO 20 CENTSAT PENS Slaughter Steers Lower; Vealers, Lambs Are Unchanged. Initial advance of the week was registered in porker prices at the Union Stockyards this morning, with practically all grades moving around 10 to 20 cents higher than yesterday’s average. The bulk of 160 to 200 pounds sold at 1)3.20 to $3.55, while 200 to 250 pounds were salable at $3.60 to $3.70. Heaviest weights from 250 to 350 pounds were selling at $3.60 to $3.75. Top held at $3.80. Extremely light slaughter pigs scaling from 130 to 160 pounds brought $2.25 to $2.75, while lighter kinds, weighing 100 to 300 pounds, sold at $1.50 to $2. Receipts were estimated at 7,500; holdovers, 452. Weak undertone prevailed in the cattle market, with slaughter steers mostly 10 to 15 cents lower than yesterday’s close. Best grade steers were salable at $6.75. Cows and heifers remained steady to strong. Receipts numbered 800. Only slight action was evident in the veal market and practically all classes continued unchanged at $4.50 down. Initial top held at $5: Receipts were 700. Early sales on lambs remained unchanged. Bulk of springers sold at $8.50 to $9. Bucks were $1 less, while good yearling lambs sold for $7.50. Receipts were 800. Chicago hog market was strong, with asking around 10 cents higher than yesterday’s average at $3.80 down. Receipts were estimated at 20,000, including 5,000 directs; holdovers, 5,000. Cattle receipts numbered 7,000; calves, 2,500; market steady. Receipts were ket unchanged. Bulk. Top. Receipts. June 1. $3.40@ 3.65 $3.70 10,000 2. 3.40® 3.60 3.60 4,500 4. 3.350 3.60 3.65 9.000 5. 3.25(3 3.50 3 60 11.000 6. 3 15(3 3.35 3.60 8,000 7. 3.25(3 3.55 3.80 7,500 Market Higher (140-160) Good and choice $ 2.50@ 2.75 —Light Weights—-(l6o-180) Good and choice ... 3.250 3.35 (180-200) Good and choice 3.45® 3.55 —Medium Weights—-(2oo-220) Good and choice.... 3.60® 3.65 (220-250) Good and choice 3.65® 3.75 —Heavy Weights—-(2so-290) Good and choice ... 3.75® 3.80 (290-350) Good and choice 3.60® 3.75 —Packing Sows—(3so down) Good 2.75® 3.10 (250 lbs.) Good 2.50® 2.90 (All weights) Medium 2.25® 2.75 —Slaughter Pigs—-(loo-130) Good and choice.... 1.50® 2.00 CATTLE Receipts, 800; market, lower. Good and choice $ 6.75® 6.25 Common and medium 4.25® 6.75 (1,100-1.500) Good and choice 7.00® 5.00 Common and medium' 5.25® 7.00 (675-750) Good and choice 5.00® 6 25 Common and medium 3.00® 5.00 (750-900) Good and medium 4.50® 6.00 Common and medium 3.25® 450 —Cows— Good 2.75® 3.50 Common and medium 2.00® 2.75 Low cutter and medium I.oo® 2.00 Bulls (yearlings excluded) Good (beef steers) 2.50® 3.60 Cutter, common and medium. 1.50® 2.50 VEALERS Receipts, 700; market, steady. Good and choice $ 4.00® 5.00 Medium 3.00® 4.00 Cull and common ’.. 2.00® 3.00 —Calves— Good and choice 3.50® 5.00 Common and medium 2.00® 3.50 * —Feeder and Stocker Cattle-* Good and choice 4.25® 5.(5 Common and medium 3.00® 4.25 (800-1.5001-Good and choice 4 25® 5.75 Common and medium 3.CO® 1.25 SHEEP AND LAMBS Receipts. 800; market, steady. (Shorn basis) Spring lambs $ 7.00@ 9.00 (90-lb. down) Good and choice 7.50® n.eo 90-ICO-lb.) Good and choice 7.00® 7.50 (500-lb. down) Com. and med. 5.70® 7.00 —Ewes— Good and choice 1.50® 2.75 Common and medium 75® 2.00 Other Livestock (By United Press) CHICAGO. June 7.—Hogs—Receipts, 20,000; including 5.000 directs; market active. 10c higher than yesterday: 250-300 lbs., $3.75® 3.85; top, $3.85; 200-240 lbs., $3.50®3.75; 170-190 lbs.. $3.10®3.50: light lights, $3.10 down; pigs below. $2.25: packing sows, largely, $2.90®3.10; light lights 140-160 lbs., good and choice. $2.5003.15: light weight. 160-200 lbs., good and choice! $2.90®3.60; medium weights. 200-250 lbs., good and choice. $3.4003.85; heavy weights. 250-350 lbs., good and choice. $3.5503.85: packing sows 275-550 lbs., medium and choice, [email protected]; slaughter pigs, 100130 lbs., good and choice. [email protected]. Cattle —Receipts. 7.000; calves, 2,500; good and choice fed steers and yearlings. 25c lower on top of similar decline late yesterday; downturn affecting offerings of value to sell now at $7.25 upward: some bids fully 50c under actual sales Monday; lower grade steers, steady to weak: good and choice light heifers and mixed yearlings weak to 25c lower with lower grade and most butcher heifers and cutters and common beef cows. 10c to 15c higher; bulls. strong; veal steady. Slaughter cattle and vealers —Steers. 550900 lbs., good and choice. $5.5008.25; 9001.100 lbs. good and choice. $6®9.25; 1,1001,300 lbs., good and choice. $6.50®10; 1,300-1.500 lbs., good and choice. [email protected] lbs . common and medium, $3.50 @7.25; heifers . 550-750 lbs. good and choice, [email protected]; common and medium, $2.75 05: cows. good. $3.5004.50; common and medium. [email protected]: low cutter and cutter, $1.2502.50: bulls, yearlings excluded. good. beef. $2.75(83.50: cutter, common and medium. $203: vealers. good and choice. $405: medium, $3.50 04; cull and common, $2.2503.50. Stocker and feedpr cattle—Steers 550-1.050 lbs., good and choice. S4O 5.50: common and medium. $2.5004. Sheep—Receipts. 7.000: slow on spring lambs and yearlings: 25c to 50c lower: most bids desirable native springers. $8.50 down: best held above $8.75: no yearlings or range spring lambs sold early. Asking steady on sheep. Slaughter sheep and lambs—Spring lambs, good and choice. $7.5008.85: medium. $6.25(87.50: ewes. 90-150 lbs., good and choice, $1.50@ 2: all weights, common and medium. 75c® $1.50. LAFAYETTE, June 7. —Hogs—Market, 10 @2oc higher; 250-300 lbs.. $3.60: 200-250 lbs., $3.4503.55; 180-200 lbs., $3.30<g3.40; 160-180 lbs., $303.15; 140-160 lbs., $2.25 @2.50: 120-140 lbs., $1.75@2; 100-120 lbs.. $1.2501.50; roughs, $2.75 down; top calves. $4; spring lambs, $7.50@8. FT. WAYNE. June I—Hogs—ls@2oc higher: 250-300 lbs., $3.65; 200-250 lbs.. $3.55; 180-200 lbs., $3.40: 160-180 lbs.. $3.25: 300-350 lbs., $3.25: 150-160 lbs., $2.65; 140150 lbs.. $2.40- 130-140 lbs., $2.15; 120-130 lbs.. $1.90; 100-120 lbs., $1.65; roughs. $2.25 @2.50; stags, sl. Calves, $450; lambs, SB. (By Times Special) LOUISVILLE. June 7.—Cattle—Receipts, 200; including 83 direct; slaughter cattle in light supply; quality very plain; market quotable about steady; bulk common to medium grassy steers and heifers. $3.75® 4.75; cutter grades down to $3 or less; strictly good diyfed yearlings eligible around $6: bulk oeef cows, $2.25@3: best dryfeds quotable to $3.50; low cutters and cutters. sl@2; bulk sausage bulls, $2.50 down; best heavy kinds eligible higher; bulk light Hereford Stockers, [email protected]; common to inferior natives, down to around $2. Calves —Receipts, 275; steady; bulk $4 down; few strictly choice higher. Hogs —Receipts, 1.000; market, unevenly steady to 10@20c higher, most advance on weights from 185 lbs. up; 185-275 lbs., $3.70; 275 lbs. up, $4: 160-185 lbs.. $3; 145-180 lbs., $2.65; 120-145 lbs., $1.75; no outlet for weights from 100-120 lbs. sows. $1.55. Sheep —Receipts, 1.600; run light; market, steady; bulk better trucked in ewe and wether spring lambs. $8.25; most choice long haul overnight and rail lambs, $8.50 @8175; bucks discounted $1 per cwt.; medium and lower grade springers. $6 down; fat ewes mostly sl@2; best lightweights higher. Plumbing Permits E. C. Erber 1221 Spruce, 1 fixture. E. C. Erber. Thirteenth and Monon, southeast corner, 3 fixtures. William Curtis. 1009 Marlowe. 2 fixtures. Broad Ripple Plumbing Company. 3028 Station. 2 fixtures. Broad Ripple Plumbing Cos., 3819 North Illinois. 2 fixtures. Frank Drees, 2029 South State, 4 fixtures. C. A. Johnson, 919 Riveria drive. 4 fixtures. John Honour, 133 East Market,. 2 fixtures. Mason-Schenck, 1315 East Ninth, 4 fixtures. Charles McNabb, 6120 East Washington, 2 fixtures. Ed. Kautskv. 3206 West Michigan, 1 fixture. .

sloo,ooo,oooin Farm Loans Available to Four States

Louisville Association Fills 42,298 Applications in Year. By Times Special LOUISVILLE, Ky., June 7.—Loans approaching a $100,000,000 total were made available to farmers of Ohio, Indiana, Kentucky and Tennessee and to their marketing and credit organizations by units of the farm credit administration of Louisville during the past twelve months, officials of the administration announced today after computing totals of the first year’s business under the unified management of the agricultural lending agencies as provided by* executive order of President Roosevelt and in effect since May 27, 1933. “During this first year the total credit extended to the agriculture of our four states served from Louisville reached the total of $98,457,856,” stated Ernest Rice, general agent of the farm credit administration of Louisville. “Taking no account of the large volume of farm mortgage loan applications on hand and in different stages of handling, the land loans actually closed during this period by the Federal Land Bank of Louisville number 18,094 and total $55,725,200. Acting as agent of the land bank commissioner during the year we also closed 24,204 commissioner's loans totaling $35,548,900, or altogether completed 42,298 land mortgage loans for $91,274,100. “Loans made and notes discounted by the Federal Intermediate Credit Bank of Louisville during the year following May 27, 1933, totaled $6,869,756, serving directly or indirectly 36,500 farmers of our four states. 'Notes issued by 3,150 farmers to the forty-four credit associations of these states were discounted for those associations in the sum of $651,620; the notes of 6,487 farmers held by agricultural credit institutions, and discounted by the Federal Intermediate Credit Bank, amounted to $3,682,911, while loans aggregating $2,355,225 were granted to farmers co-operative associations in which 28,929 farmers held membership. “The Louisville Bank for Cooperatives, organized in January and not really functioning until March, has granted loans amounting to over $314,000 to farmers’ cooperative associations. These loans were for the purpose of consolidating and paying outstanding indebtedness of the several associations, and to provide working capital or effective merchandising capital in day to day operations. Produce, Markets Delivered tn Indianapolis prices: Heavy hens. 10c: Leghorn hens. 8c; 1934 broilers 1% lbs. and over, 18q; Leghorn broilers }*% lbs. and over. 15c; bareback broilers. 12c; old roosters, 3c; ducks and geese. 3c; young guineas. 1% to 8 ids.. 20c. old guineas. isc; No. 1 strictly fresh country run eggs, los off 10%@llc. Each lull case must ewigh 5 lbs. grflss: a deduction of 10 cents a pound for each pound under 55 lbs. will be made. Butter—No. 1 27@,28c; No. 2, 25@26c. Butterfat. 20c. Quoted by Wadlev Company. (Bv United Press) CHICAGO, June 7. Eggs Market steady; receipts, 21,127; extra firsts, 15%c; fresh graded firsts, 15c; current rects. 13 @l4c; dirties. No. 1. 12c; No. 2 ll%c; checks, No. I, 12c; No. 2. 11c. ButterMarket steady; receipts. 16,516; extra firsts, 90-91% score, 22%@23c; firsts. 8889% score, 22%®22%c; seconds 86-87% score, 21@21%c; extras, 92 score, 23%; specials. 24%@23%c; standards. 24c; centralized. 89 score, 23c; centralized, 88 score. 22%c. Poultry—Market firm; receipts. 37 trucks; live hens. 12%c; geese, 6c; broilers, colored 17c: White Rock. 13c, Plymouth Rock. 24c; barebacks, 16@18%c; ducks, spring. 11@13%c; Leghorn broilers, 14@16c: springers, 23®24c; old roosters. 7%c. Cheese—Twins. 13%@13%c; Longhorns, 13 3 *®l4c; Daisies, 13%@14c. Potatoes—Old , stock—Supply modertae: demand and trading light: market firm; Idaho Russets $1.65® 1.75 New stock— Supply moderate; demand and trading food: market steady; Alabama Triumphs, 1.6501.75- slightly decayed, $1.5001.60; Louisiana Triumphs. [email protected]: slightly decayed, $1.50® 1.60; Texas Triumphs, $1.6501.75; Mississippi Triumphs, $1.75: California White Rose. $1.9502: Texas Cobblers, $1.85. Arrivals, 76; on track. 263; shipments. 923. NEW YORK. June 7.—Potatoes—Easy; southern, $2.75@3: barrel; Maine, $1.35@ 2.50 barrel. Sweet potatoes—Steady; Jersey basket 50c®51.25; southern basket. $1.90@2. Flour—Easy: springs, patents, [email protected] Darrel. Pork—Quiet: mess, $20.25 barrel. Lard —Easy; middle west spot. [email protected] per 100 lbs. Dressed poultry—Firm; turkeys. 13@23%c; chickens, 8031 c; broilers, 19@31c: capons. 24 @34c; fowls. ll@17c; ducks, 11 @ 14c; Long Island ducks. 14%@15c. Live poultry— Quiet; geese. 6@7c: turkeys. 10®17c; roosters 8c; ducks, B@l2c: fowls, 13@16c; capons, 22c; broilers. 14027 c. Cheese — Firm: state whole milk fancy to specials, 18019 c; Young America, 14%c. CLEVELAND. June 7.—Butter—Market firm: extras, 28c; standards. 28c. Eggs— Market steady; extra white. 14c; current receipts, 13%c. Live Poultry—Market steady; colored fowls. 6 lbs. and over, 14%@15c; broilers, colored ordinary, 23® 24c: old roosters, 9c: ducks, white, 5 lbs. and over. 14® 15c. Potatoes—South Carolina, [email protected] barrel. On Commission Row —.Tune 7 —Fruits— Apples—Fancy Ben Davis.- Indiana. $1.75; fancy Winesaps. $2.25 0 2.35. 2 Home grown, 24-at. crate, s2® Oranges—California. Sunkist. $4.7505: Retf Ball. [email protected]. Lemons—Sunkist. $7: Red Ball. $6.50. Grapefruit—Florida Seedless. $3.75@4. Strawberries—Aromas. 24-at. crate. S2O 2.50: Premiers $2.5002.775. Cantaloupes—California. Pony crate. $2.50: lumbos. 455. $3.75: standards. $3.25: Honevdews. $2.50 Pears—Calavos, $4 per box. Pineapples—Cuba. $3.2503.75. , Bananas—Per pound. sc. —Vegetables— Sweet Corn—Louisiana, 6-dozen crate, $2.3502.50. Cabbage—Tennessee, ponv crate. $1.25. Celery—Florida. $4.25 a crate: mammoth bunch. 90c: medium bunch. 60c. Onions—lndiana yellow 50-lb. bag. 75c. Potatoes—Northern round white. 100-lb. bag. $1.75: Red River Ohios. $1.50: Maine Green Mountain. $1.90: Colorado McClures. $2: Idaho Russets. 100-lb. bag. $2: New Texas Triumphs. $2.10 Sweet Potatoes—Tennessee Nancy Hans, crate. $2.40. Asparagus—Home grown, dozen. 60c@ $1.25. Beans—Round, stringless. $1.25. Beets—New. 65c a dozen. Carrots—California. 6-dozen crate. $3.25: bulk new. $l6O. Cauliflower—California. $2.75 Lettuce—Hot house. 15-lb. basket. 90c: Iceberg best. $405 a crate. Peas—2 B-lb. hampers. $2.50. •* Radishes—Home grown buttons. 35c a dozen. - . Rhubarb—Home grown dozen. 30c. Spinach—Home grown bushel. 75c Tomatoes— Repacked. 10-lb. carton. $1.25. original Texas. 30-lb. lug. $2.25. CHICAGO FRUIT MARKETS (By United Press) CHICAGO. June 7—Fruits and vegetables: Apples—Michigan Spies. $2.2502.50 bushel. Carrots—Southern 75c bushel. Spinach—lllinois, 60@65c bushel. Beans— Southern green. 75c@51'.50 busWel hampers: wax. 50c @51.25. Cucumbers —Central western hothouse. 80c@$1.50, 2 dozen. Tomatoes—Texas, $101.25 lug box. Sweet potatoes—Tennessee, $2 bushel hampers. Mushrooms —Illinois. 10040 c lb. cartons. Aspargus—lllinois. 50075 c box. Strawberries—lllinois. $202.25, 24 quarts. Onion market, 50-lb. sacks—Texas yellow's, *1.40 @1.50; Texas whites, $1.40 01.50; California whites, $1.4001.50. JUDGE CONFIRMS SALE Relay Motors Corporation Properties Sold for $750,000. By United Press TOLEDO, 0., June 7. Federal Judge George Hahn today confirmed the sale of the Relay Motors Corporation properties in T ima, 0., for $750,000. The property will be transferred from the receiver for, the truck building compapy to J. G. Wray, Chicago and E. F. Harsch, Warsaw, Ind. The sale includes all property of the Relay company and stock valued at approximately SBO,OOO.

DEPOSITS IN FEDERAL RESERVE BANKS GAIN Private Accounts Increase $10,000,000 in Week. By Times Special CHICAGO, June 7.—A sharp upturn in deposits held by federal reserve member banks was made last week, with a large portion of the gain being made here and in New York. The ninety-one cities reporting increases of $10,000,000 in gross deposits and $97,000,000 in individual accounts. Nonmember banks deposits declined $54,000,000 during the week, ivith $23,000,000 of the figure being accounted for in New York. Chicago lost $1,000,000 in this division, and interior banks accounted for the remaining $30,000,000. Commercial credit expanded modestly, with business loans rising $13,000,000, with $10,000,000 of the amount being made in New York. Loans on securities increased $2,000,000 in New York, $6,000,000 here and remained unchanged elsewhere. Government securities to the amount of $12,000,000 were bought by New York and Chicago, but other cities sold a like amount, leaving the division unchanged. Holdings in other securities advanced $28,000,000, New York accounting for $13,000,000 and the interior lor the other $15,000,000 with Chicago reporting no change. HOLD ANNUAL ELECTION OF EXCHANGE OFFICERS # 4 M. J. O’Brien Renamed President of Chicago Stock Market. By Times Special CHICAGO, June 7.—Annual election of officers of the Chicago Stock Exchange was held here this week, and Michael J. O’Brien was re-elect-ed president. Paul B. Skinner was selected as treasurer for the third consecutive year. Governing committee members, to serve three years, were named as follows: Arthur M. Betts, Morton D. Cahn, Robert J. Fischer, Deeds Mitchell, Charles C. Renshaw, Joseph A. Rushton and Edward T. Wood. Members named to serve one year were M. Ralph Cleary, Kingman Douglass and Richard W. Phillips. Appointments to the 1935 nominating committee were Walter S. Brewster, chairman; Clyde H. Bidgood, William F. Fitzsimmons. Harry M. Payne and Virgil Webster. JOHN ABBINK ELECTED PRESIDENT OF COMPANY Business Publishers International Names New Head. By Times Special NEW YORK, June 7.—The election of John Abbink as president and general manager has been an-* nounced by the Business Publishers International Corporation, publishers of business magazines circulating throughout the world. Formerly vice-president, Mr. Abbink was named to his new position following the resignation of Mason Britton, who becomes chairman of the board of the company. Marked improvement in the company’s business was also announced, in line with the rapid enlargement in. the export sales of American products and machinery to many overseas countries. Advertising income of foreign publications of the company has increased 64 per cent this year and circulation income has practically tripled. foriTmotor company LEADS IN SALES FIELD Registrations of Firm in First Four Months Totals 162,788 Units. By Times Special t NEW YORK, June 17.—Ford led all oth r makes in sales of passenger during the first four months of 1934, according to official tabulations of motor vehicle registrations throughout the United. States just issued by R. L. Polk & Cos. Total Ford registrations of new passenger cars in the feur months period aggregated 162,788 units out o/ a total of 552,316 new cars of all makes registered in the United States in this period. The Ford total of registrations of passenger cars, commercial cars and trucks during the same four-month period was also in the lead. Ford’s percentage of the total business in May was increasing according to advance reports compiled by Polk in 106 leading cities in key points throughout the country. 51 DIVIDEND CHANGES MADE DURING MONTH Forty-four of Total Number in May Reported Favorable. By Times Special WINCHESTER, June 7.—Dividend changes in May, declared by our leading corporations, totaled fiftyone and of this number forty-four, or 86 per cent, were favorable. This is a slightly better showing than made in April when 85 per cent of the changes were favorable. On the other hand, there were both more and a higher percentage of favorable dividend changes in the earlier months of the year. Income from dividends suffered more than any other form of income during the depression. Births Girls Whvnn and Goldie Adams. 230 Oramre. Chester and Elsie Finley. 2539 Carrollton. James and Ethel Frazier. 334 Lincoln. * William and Ora Bryant, St. Francis. Herbert and Bessie Anderson, St. Francis. Boys Francis and Marie Nt’e, St. Francis. James and Stella McGuiness, St. Francis. John and Grace Matthews, St. Francis. Deaths Sarah Frances Miller. 70. city hospital, carcinoma. Margaret Lemmons. 72. city hospital, skull fracture. Sidney Brown. 25 city hospital, fractured skull. „ Florence A. La Rue. 85. 1206 North Temple, chronic myocarditis. Emma P. Ross. 79. 3245 North Illinois, cerebral hemorrhage. Mae Pearl Stanley. 48. 1003 Churchman. multiple sclerosis. Jerry Carrico. 70. 2710 North Arsenal, cardiac exhaustion. „ Julia L. Gillaspv. 38. 1148 Spann, carC *lsaac’ N. Bray. 37 1102 East Ohio, heat exhaustion. Curtis Returns From Italy NEW YORK, June 7.—Formei Vice-President Charles Curtis returned today from a four-weeks business trip to Italy aboard the Conte Di Sfivoi.

JUNE 7, 1933

HEAVY RAINFALL SENDS WHEAT DOWNSHARPLY Operators Restrict Buying and Await Government Crop Report. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO, June 7. Beneficial rains fell over the grain belt in the northwest overnight and this had a depressing effect on grain prices at the opening of the Board of Trade today. Wheat opened ltt to 2 cents lower, com was off % to lYs cents, oats were IL4 to 1% cents lower, rye was off % to I*4 cents, ahd barley was off I*£ cents. As much as four inches of rain fell in some sections, although many spots reported only light showers. Operators restricted their action on the buying side and preferred to await publication of the government crop report, due tomorrow.

Cash Grain

INDIANAPOLIS —June 6 The bids for car lots of grain at the call of the Indianapolis Board of Trade f. o. b.. shipping Doint. basis 41% New York rate, were: Wheat—No. 1 red. 91092 c: No. 2 red. 89@90c: No. 2 hard. 89@S0c. Corn—No 2 white 53@55c: No. 3 white. 520 53c: Nc. 2 yellow. 49%@50%Cf No. 3 yellow, 48%@49%c: No. 2 mixed. 48%0 49%c: No. 3 mix“d. 47%®48%c. Oats—No 2 white. 39%@40%c: No. 3 white. 38%039%c. —lnspections Wheat—No. 2 red, 1 car; No. 1 mixed. 1 car: total. 2 cars Corn—No 2 white. 6 cars; No. 3 white. 8 cars: No 2 yellow'. 6 cars: No. 3 yellow 3 cars: No. 4 yellow' 2 cars: No. 2 mixed. 2 cars: total. 27 cars. Oats—No. 2 white 1 car: No. 3 white. 4 cars; No. 4 white. 1 car: No. 3 mixed. 1 car: total. 7 cars Local Wajon Wheat City grain elevators are paving 88 cents for No. 2 soft red wheat. Otnar grades on their merits. (By United Press) CHICAGO. June 6 —Cash grain; Wheat —No. 3 mixed, $1.00%. Corn—No. 2 yellow. 57%@58%c; No. 4 veow. 57%c; No 2 white. 61c. Oats—No. 2 white. 45® 45%c; No. 3 w'hite. 44%c; No. 4 white, 43*40. Rye—No sales. Barley—Sales, 90® 96c: quotable. 55c@$l. Timothy—s7.7s® 8.25. Clover seed—Slo.2s®l4.oo. Cash provisions—Lard. $6.35; loose. $5.70; leaf. $5.75; bellies. $9. ST. LOUIS. June 6—Cash grain: Wheat —ln fair demand- 2 to 2%c higher: No. 2 red. $101.00*2: No. 5 red. 99%c: No. 2 red. garlicky. 98c Hard grades 2c lower. No. 2 hard. $1 nominal. Corn—ln good demand: l%c higher: No. 2 vellow. 59%c: No. 3 vellow. 58%e: No. 4 vellow. 58**c. Oats—ln slow demand, nominally unchanged: No. 2 white 44%c- nominal. TOLEDO. June 6.—Grtiin close: Grain in elevators, transit billing: Wheat—No. 2 red. $1.02®1.03. Corn—No. 2 yellow, 59@60c. Oats—No. 2 white. 47%@48%c. Rye—No. 2. 68@69c. Track prices. 28%c rate: Wheat—No. 1 red. 98%@99c; No. 2 red, 97%@98c. Corn—No. 2 vellow. 55® 56c: No. 3 yellow. 54055 c: No. 4 vellow. 53®54c. Oat*—No. 2 white. 44@45%c: No. 3 white. 43%@45c. Seed close: Clover — Cash, $8.25. Alsike—Cash. $8.50. Chicago Futures Range —June 7 WHEAT— Prev. . , High. Low'. 10:00 close. July 98 .96% .98 .99% September ... .99% .93 .99 1.00% December .. 1.00% .99% 1.00% 1.01% CORN— July 54% .54 .54% .55% September .. .57 .56 .56% .57% December 57% .57% .57% .57% OATS—.TuIV 43 .42 .43 • .43% September .. .43% 42 .43 .43% December .. .44% .43% .44% .44% RYE— July 62% .61% .62% .62% September ... .64 .63 .64 .64% BARLEY— July 52 * .51 .51 ,53V* CHICAGO PRIMARY RECEIPTS i —June 6 —Bushels— Today. Last week. Wheat 369.000 Holiday Corn 305,000 Holiday Oats 101,000 Holiday COTTOM EXPORTS DROP May Shipments to Foreign Ports Totals 335,247 Bales. By Times Special NEW ORLEANS, La., June 7. Cotton exports from the United States to foreign countries, exclusive of Canada showed a sharp decline during May, totaling 335,247 bales for the month as compared with 599,272 bales in the same month a year ago, according to H. G. Hester, secretary-emeritus, New Orleans Cotton Exchange. Os the total shipments, Great Britain received 58,226 bales against 109,361 last year, France 11,498 bales against 52,978, Germany 45,903 against 198,000, the rest of Europe 105,496 against 154,487 and the Orient 114,124 against 83,616. Business Activity Drops By Times Special WINCHESTER, Mass., June 7. General business activity as measured by Winchester’s Business Activity Index is now 26.3 per cent below normal. This is a slight drop in activity from the previous week. A year ago this time business activity was nearly 35 per cent below normal. 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 °f New York as Rehabilitator of Globe ana Rutgers Fire Insurance Company, dulv verified will be duly filed on or before she 2nd day of July. 1934. in the office of the Clerk of the Countv of New York: that 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. 30 Centre Street. Borough of Manhattan. City. County and State of New York: and that a triplicate original thereof with supporting 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. City, 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 patltlon will be presented to the Supreae Court of the State of New York, at • Special Term. Part I thereof, for motions, to be held at the County Court House. Pearl and Centre Streets, in and for the Countv 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 day 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 bv 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 ir. 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 may seem to the Court lust and eauitable in the premises. Yours, etc. * GEORGE S. VAN SCHAICK. Superintendent of Insurance of the State of New York. BASIL O'CONNOR. Attorney for Superintendent of Insurance. 120 Broadway. New York City. To: All Creditors and Stockholders of Globe and Rutgers Fire Insurance Company. Dated. New York, N. Y.. May 34th. 1934.