Indianapolis Times, Volume 46, Number 28, Indianapolis, Marion County, 13 June 1934 — Page 16

PAGE 16

Wall Street Price Fixing in New Steel Regulations Worry Traders. BY RALPH HENDERSHOT—-

Time* Special Financial Writer SOME confusion seems to exist even in Washington over the question of whether price fixing is or is not to be a code feature. An executive order issued last Thursday was construed to mean that price fixing was out and that the anti-trust laws would be invoked upon violation. Dispatches from the capital later

Ralph Hendershot

would be worked. The old steel code expires today after having been extended twice, which might or might not place it under the new ruling. The old code never contained a price-fixing clause, but those who have been closest to the steel situation say that price fixing was practiced from a practical point of view. All price changes had to be posted with the code authority, and there was a provision calling for such filing not less than ten days before the new prices were to become effective. This made it possible, so it was said, for the bigger concerns to tip off the smaller ones as to what they were doing relative to prices, giving them a chance to fall in line. And the records indicate that they had been in the habit of meeting all changes. n n n IT is difficult to understand why partiality is to be shown as between industries which have and those which have not been coded. If price fixing is a good thing in the more important industries it should also be a good thing in the smaller industries, which make up the bulk of those which still have no codes. Asa matter of fact, the privilege should be of even greater importance to the less important ones, for it is in those industries that the least amount of organization exists and where price cutting is the most dangerous. The further General Johnson goes with the codes the deeper water he appears to be getting into. The chief trouble would seem to be the great difficulty in securing proper enforcement. There are always those who refuse to abide by the provisions, and these people naturally make it almost impossible for others who like the code to *bide by it. Underselling invariably attracts business, and, from a practical standpoint, it appears almost impossible for the legitimate concerns to protect themselves against the socalled chiselers. n n n CONDITIONS in the printing trade may be cited as an example. On the very day the first price-fixing announcement was made public a meeting had been called by a large group of printer concerns in the vicinity of New York. A formal protest against price cutting had been proposed. The local administrator was quoted as having told the members he could do nothing about the violations except threaten and bully the guilty persons, but he later pointed out that the ruling which had just been made tied his hands completely. The meeting broke up in gloom. N. Y. Coffee, Sugar Futures COFFEE —June 12— -SantosHigh. Low. Close March 11.31 11.28 11.38 May 11.39 11.35 11.37 July 10.70 10.66 10.70 September . 11.15 11.00 11.02 December 11.32 11.16 11.17 —Rio— January ... 8.42 March 8.47 May ■■ 8.54 July 8.39 8.36 8.39 September 8.36 8.35 8.36 December 8.55 8.40 8.40 SUGAR High. Low. Close January 1.74 1.73 1.74 March 1.80 1.78 1.80 May 1.85 1.82 1.85 July 1.57 1.55 1.57 September 1.64 1.62 1.64 December 1.73 1.71 1.73 In the Cotton Markets —June 12— , , CHICAGO High. Low. Close. January 12.61 12.40 12.61 March 12.73 12 52 12.73 May 12.83 12.61 12.83 July 12.24 12.00 12.24 October 12.47 12.22 12.46 December 12.57 12.32 12.56 NEW YORK January 12.53 12.33 12.53 March 12.67 12.42 12.64 May 12.75 12.54 12.73 July 12.15 11.91 12.12 October 12.40 12.15 12.36 December 12.50 12.26 12.48 NEW ORLEANS January 12 4? 12.36 12.49 March . 12.58 12.54 12.58 May 12.70 July 12.13 11.91 12.12 October . 'l2 36 12.13 12.43 December 12 48 12.24 12.45 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 Price* 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 5.50®5.75 Indiana egg [email protected] Indiana mine run 5.00S 5 25 Kentucky lump 7.00 Pocahontas lump 8.25 Pocahontas egg 8.25 Pocahontas forked lump 9.25 Pocahontas mino 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 50c a ton for wheeling eoaL and $1 a ton for coal carried to bin Deaths Suzanne Krause, 60, city hospital, ’ arteriosclerosis. r Marie Warfield. 26. city hospital, acute nephritis. Margaret Jordan, 50, 130 West Twentieth, carcinoma. Mabel Conner. 31. city hospital, pulmonary embolism. Marie Davis, 44, 540 Drake, anemia. Sarah A. Norton. 84. 3741 Salem, cerebral hemorrhage. John James Zinkan, 59 , 409 Sanders, chronic myocarditis. Clara Sharp, 70. Deaconess hospital, hypostatic pneumonia. Fred J. Pflsterer, 55, city hospital, cerebral hemorrhage. Ira McClintock. 5. Riley hospital, tuberculous meningitis. Lula Rhodes, 54, 234 West Wyoming, Coronary occlusion. , ; William T. Jones, 78. 1315 West Thirtyfirst, cardio vascular renal disease. John Dowden, 73, 1719 Thaddeus, cerebral hemorrhage. William H. Puehrlng, 82. St. Vincent’s hospital, broncho pneumonia. Bessie Reynolds. 31, Broad Ripple Bathing Pool, drowning. Jesse W. Collins. 74,. 1912 North Alabama. cerebral hemorrhage.

STOCK SHARES RISE FRACTIONS TO TWOPOINTS All Groups Strengthen as Trading Turns Active; Silver Higher. BY ELMER C. WALZER United Press Financial Editor NEW YORK, June 13.—Gains were recorded in all sections of the stock market in the morning dealings today. Around noon the market was fractions to 2 points above the previous close. Utility shares were active as noon approached with gains in all issues of the group. Rails firmed, featured by Athison, which reached 60, up 1 Vi. National Lead gained 2% to 149 7 4. Sugars were strong with sugar futures. In the utilities division, American Telephone reached 120’4, up 2; Peoples Gas 3314, up 114; American Water Works 20%, up 114; Public Service of New Jersey 38, up 1, and Consolidated Gas 3314, up %. Gains of a point or more were noted in American Can, Du Pont, Great Western Sugar, Johns Manville, New York Central, National Biscuit and United States Steel. Sugar futures featured commodities with the May position at anew high for futures in four years. Grains were firm, especially corn which rose more than a cent a bushel. Rubber, silver, copper and hide futures were higher. Silk eased. Money and Exchange INDIANAPOLIS BANK CLEARINGS —June 13— Clearings J $2,227,000.00 Debits 4,600,000 00 FOREIGN EXCHANGE (By Abbott. Hoppin & Cos.) —June 12— Sterling. England $5.05 % S€ ' Franc. France 0660% Lira, Italy 0861% Belgias, Belgium 2340 Mark, Germany 4806 Guilder. Holland 6794 Peseta, Spain 13 70 Krone, Norway 2540 Krone. Denmark 2258 Treasury Statement (By United Press) WASHINGTON, June 13.—Government expenses and receipts of the current fiscal year to June 11. compared w’ith. the corresponding period of the previous fiscal year: . This Year. Last Year. Expenses .$6,577,551,059.11 $4,819,424.805 68 Receipts . 2.853.180.609.62 1,864.922.314 84 Deficit ...3.724.391.419,12 2,954,502,490 64 Cash Bal. . 1.942.004,308.70 Investment Trust Shares (By Abbott. Hoppin & Cos.) —June 12— . _ Bid. Ask. American Bank Stocks Corp.. 1.15 120 American & General Sec A.. 4.50 600 American & Inc Tr share 1.75 Basic Industry shares 3.36 3 42 British Type Inc Tr share.. .45 .50 Collateral Trustee shares A.. 4.65 4 75 Corporate Trust shares (old!.. 2.13 2.18 Corporate Trugts hares (new) 2.35 2.38 Cumulative Trust shares 4.05 4.15 Diversified Trust shares A... 6.25 Diversified Trust shares B ... 7.75 7.87 Diversified Trust shares C... 3.11 3.16 Diversified Trust shares D... 4.75 4.87 First Insurance Stock Corp.. 1.22 1.28 First Common Stock Corp... .68 .70 Fixed Trust Oil shares A.... 8.15 Fixed Trust Oil shares B 7.10 Fundamental shares Inc 2.01 2.21 Incorporators Investments ...17.80 19 30 Land Bank Bond shares 1.18 1:31 Low Priced Trust shares 6.10 6 20 Mass Inv Trust shares 18.81 20.45 Nation Wide Securities 3.62 3.75 North Am Trust shares (53) .. 1.91 1.98 North Am Trust shares (55-56) 2.37 2 40 North Am Trust shares (58) ..2.35 2.38 Selected American shares .... 2.59 Selected American shares Inc 1.18 1.27 Selected Cumulative shares.. 6.68 . Selected Income shares 3.48 4.00 Std American Tr shares A... 2.92 2.98 Trust Shares of America 2.72 7.76 Trustee Std Oil A 5.80 .5.90 Trustee Std Oil B 5.26 5.32 U S Electric Lt & Pwr A.. 12.62 13.00 New York Bank Stocks (By Abbott, Hoppin & Cos.) —June 12— Bid. Ask. Bankers 62 62% Brooklyn Trust 11l 114 Central Hanover 129*4 130*4 Chase National 29% 2914 Chemical 41 41% National City 28% 29Vs Corn Exchange 52 52% Continental 14% 15% Empire 19% 19% First National 1,695 1,705 Guaranty 368% 370 Irving 12% 12% Manhatten & Cos 32 32% Manufacturers 22% 22% New York Trust 106 107 Public 34% 35% Daily Price Index (By United Press) NEW YORK, June 12.—Dun & Bradstreet's daily weighted price index of thirty basic commodities compiled for the United Press: <1930-1932 average 100) Today (new 1934 high) 113.37 Yesterday 112 21 Week ago 112.94 Month ago 108.92 Year ago 93.01 1934 High (June 12) 113.37 1934 Low (Jan. 3) 101.05 (Copyright. 1934, Dun & Bradstreet. Inc.)

in the week, however, quoted General Johnson as saying that this feature applied only to new codes. A s s u ming the latter p r o n o uncement to be the final word on the subject, Wall Street was wondering how the new steel code

Bright Spots “”"<Bv Abbott. Hoppin <Ss Co.>—~

Northwestern Yeast Company declares tfie regular quarterly dividend of $3 a share on the capital stock. Ludlum Steel Company declares the regular quarterly dividend of $1.62 a share on the 6% per cent preferred stock, payable July 2, of record June 22. Missouri Pacific Railroad Company April net loss amounted to $1,197,310 after charges against *1,668,955 in April, 1933; net loss for the first four months thi* year totaled $4,317,486, against $5,792,342 in the corresponding period last year. American Super Power Corporation declares the regular quarterly dividend of 51.50 a share on the first preferred stock, payable July 2. of record June 15. Chicago & Northwestern Railroad Company car loadings in the week ended June 9 totaled 23,625 cars against 21.342 cars :n the previous week. U. S. DOLLAR STRONG Gold Price Drops Despite Gain of Six Pence in Sterling Rate. By United Press LONDON, June 13.—The dollar was strong today. The pound was $5.04. Gold fell one cent to $34.81 despite a rise in the sterling rate of six pence, to 138 shillings 1% pence. Yesterday’s rate was fixed with the pound at $5.06. PARIS, June 13.—The dollar was stronger today with the franc at 15.1314 to the dollar (6.608 cents a franc). ‘ Huge Contracts Let By United Press WASHINGTON, June 13—Award of a, contract for $7,311,940 to the Silas Mason Cos., Inc., of New York, and the Walsh Construction Company, Davenport, la., for construction of tunnels on the Ft. Peck dam site, Mont., was announced by the war department today. Insurance Business Rises By Times Special CHICAGO, June 13. Arthur F. Hall, president of the Lincoln National Life Insurance Company, reports new paid-for business of the company increased 106 per cent during May over the same month last year.

New York Stocks ' ißv Abbott. Hoppin 3s Co.r ’

AVERAGE STOCK PRICES FOR TUESDAY Net High. Low. Close, change Thirty industrials 9960 98.77 98.78 +.06 , Twenty rails 45.58 44.62 45.23 +.54 Twenty utilities 24.46 23.88 24.29 +.30 Forty bonds .... .... 94.64 + .06 Ten first rails .... 101.24 +.04 Ten second rails •••• 81.72 same Ten utilities .... 98.52 +.02 Ten industrials ... 97.07 +.15 + Up.

—June 13— Prev. Oils— High. Low. 10:30. close. Amerada ... 54% 54 V 4 Atl Rfg ... 27% 27% Barnsdall 8% 8% Consol Oil 11% 11*2 Cont of Del ... 21% 21% Houston (new) 4 {Houston (old) .. 22% Indian Rfg 2% I Mid Cont Pet .... ... 14 13% Ohio Oil 12% Pet Corp 11% 11% Phillips Pet 19% 19% Plymouth Oil .. 12% Pure Oil 11% 11% 11% 11% Royal Dutch 35% ••• Sbd Oil • 35*4 Shell Un 8% B’s Skelley Oil 10% Soc Vac 16% 16% S O of Cal 37 S O of Kan 37% S O of N J .. 46% 46% 46% 46% Sun Oil 63 63% Texas Corp 25% 25% Tidewater Assn . 13% 13% 13% 13% Un Oil of Cal 17% Steels— Am Roll Mills .. 20% 20% 20% 20 Beth Steel 35% 35% 35% 34% Bvers A. M. 23% 23% Col Fuel & Iron 7% Gulf Sts Steel 15 McKeesport Tin 89 Mid Steel 13% Natl Steel 43 Otis Steel •••. 5*4 Rep 1 & Stl . . 18*4 17% 18% 17;. Rep I& S pfd _,, 48% U S Pipe & Fdy • 24% 24% U S Steel 42V* 42% 42% 42 U S Steel pfd 87‘/a Warren Bros ... . • • 10 Youngstn S& T 22% 22 22 21% Motors— Auburn ••• 31% 31 Chrysler 43% 43*4 43% 42% Gen Motors .... 33*4 33*4 33% 33% Gen Motors pfd 100% *%,/ Graham Mot 2% 2% Hudson 13% 13 V* Macit Truck!.”; II 111 *27% 27*4 Nash - 18% Packard ... 4 4 Studebaker .... .. % Yellow Truck ... ... 4% Motor Access— Bendix 16% 16 16% 16% Bohn Alum , 66% Borg Warner 24% 24% Briggs 17% 17% 17% 17*i Budd Wheel 3% Eaton Mfg ••• ••• , 18*4 Elec Auto Lite.. 23*4 23 23% 23% Houdaille (A) . 4% Mullins Mfg pfd 37% 36*4 Murrav Body 7% 7% Stew Warner 7% Timken Roll 31 Timken Det Axel 7% 7V4 Mining— Alaska Jun 20V* 20% Amer Metals ... 24% 24 24% 24 Amer Smelt .... 43% 42% 43*4 42% Anaconda .. 16*4 16 Cal & Hecla.... 5*4 5 5% 5 Cerro de Pasco • .. 38 *2 38% Dome Mines.... 42V* 42% 42% 42% Granby 11% 11 Homestake Min 385 . Howe Sound ... 54% 54% 54% 54*4 Ins Copper . • 5% Int Nickel 27% 27*/. 27% 27 Isl Creek Coal 28% Kennecott Cop 23 22% Mclntyre Mine 48*4 Noranda Cop ... 45% 45 45% 45 Park Utah 4% 4% Phelps Dodge... 18 17V* 18 17% St Joe Lead 20Va 20% U S Smelters ...129% 128 129% 128 Vanadium 22% Amusements— Crosley Radio 12 Fox Thea 15 14% Loews Inc 33% 32% 32% 32% Radio Corp ... 7% 7% RKO ... 2% Warner Bros ... 6% 6% 6% 6% Tobaccos— Am Snuff ... 69 Am Sum Tob 18% Am Tob A 72 Am Tobacco B . . - 74% 74 Gen Cigars .... 40*4 4040% 39% Ligg & Myers B 97% Lorillard .. ... 19 18% Reynolds Tob B 46 46% Rails— Atchison 59% 58% 59% 58% Atl Coast Lines 42*4 41% B&O 25'/* 24% | Can Pac ... 15% 15% Ch & Ohio 47% 47% 47% 47*4 Chi & Gt W 3% C M & St P s'/* s*/g C M & St P pfd BVs 8% Chi N W 10*/* Chi N W pfd 18% Dela & Hud 56 Del Lac & W 24% 24% Erie Erie pfd 25 *4 ... Grt No pfd 22% 22% 22*4 22 111 Central 27% 27 K C Sou 14 Lehigh Valley.. .. ... ... 16% Lou & Nash 54 M K & T 9% M K & T pfd 24% Mo Pac 3% Mo Pac pfd ... 6% N Y Cent 31% 31% 31% 30% N Y Chi & St L .. ... ... 21 % N Y C & St L pf 36% N Y New Haven ... 16% 16V* Nor Pac 26% 26*4 26% 25% Penn R R 31% 31% 31% 31% Reading . ■ . • 48 Sou Pac 25% 25% 25% 24*4 Sou R R 27% 27 27% 26% Sou R R pfd 23% 23 % Union Pac 124 124 West Maryland 13 V 4 Equipments— Allis Chalmers.. .. * 17% Am Brake Shoe 26 25% Am Car & Fdy 22*/* Amer Loco .. 26 Am Mach & Fdy . ■ 15% Am Steel Fdy... 17% 17 17% 16% Bald Loco 11% 11% Bald Loco pfd 48 Burroughs 14% 14*4 Case J I 55% 54% 55% 55% Cater Tract 28 27% Deere & Cos 21% . 21V* Elec Stor Bat #43% Foster Wheeler.. .. 16% Gen Am Tk Car 39 39 Gen Elec 21 20% Gen R R Sig • 34% Ingsol Rand 62% 62% Int Bus Mach ..138 137% 138 Int Harvester ... . . 33% Natl Cash Reg. 17% 17*4 17% 174* Pullman Inc .... ... 52% 57% Rem Rand 10% Und Elliot 46% West Air B .... 28% 28% 28% 28% Westingh Elec .. 38% 38*4 38% 37% Utilties— Am & For Pwr 9 9*4 Am Power & Lit 7% 7% AT&T 118% 118** Am Wat Wks 19% 19% Brook Un Gas 65% Col Gas & Elec 14 13% 14 13% Col G & E pfd 74% Com & Sou ... 2*4 2% 2*4 2*4 Consol Gas 33*4 33 33*4 32% Elec Pwr & Lit 6 Int Hydro Elec 7% Int TANARUS& T 14*4 14% 14% 14 Lou G & E A 17% Nat Pwr & Lit 10*4 North Amer 18V* 17V* Pac G & E 18% Peoples Gas 32 32 Postal Tel Dfd 22% Pub Serv N J 37 So Cal Edison 16*4 Std Gas 11 11% Std Gas pfd 12% Stone & Webster 8 B*4 United Corp .. 5% 5% 5% 5% Un Gas Imp ... 16% 16% 16% 14% Ut Pwr & Lit A. 3% 33% 3% Western Union.. .. :.. 49 49V* Rubbers— Fireston 19 Goodrich 14% 14% Goodyear 30% Kelly Spring 2% U S Rubber 50% 20% U S Rubber pfd 50 Miscellaneous— Am Can 98 9 7% Am Bank Note 21% 21% Brklyn Man Tr 3914 Conti Can 79 78 4 Crown Cork 27% Curtis Pub 23% 23% Curtis Pub pfd 81 80% Eastman Kodak 99*4 Gillette 10% 10% Glidden 25% Inter Rapid Tr 8% . Owens Bottle 80 79% Raybestos Mfg.. 18% 18 18 ' Foods— Am Sugar 60 60 Armour A . 6% Beatrice Cream 17 16% Borden Prod 26 26*4 Cal Packing 33 32% Can Dry G Ale 23 Coca Cola 124% Cont Bak A 9% Corn Prod 69 68% 69 68% Crm of Wheat.. . .. 32V* 33*4 Cuban Am Sugar 7% 7V 7*4 7V* Gen Foods 32 V* .324 Gold Dust .. ... 20% 20% G W Sugar 32% 32V* 32% 32 Int Salt 31 31 Loose Wiles 4*40 40% 40*4 40V* Natl Biscuit 37% 37 37% 36% Natl D Prod 18*4 18 Purity Bak ... 14% 14*4 S Porto Rico S 34% 34 34 V 34 V* Spencer Kellog. . . 21% Std Brands 21% 21 21% 20% Un Biscuit 25 United Fruit 73 73 Retail Stores— Ass Dry Goods . 13 Best & Cos 31% ... First Natl Stores 65% 65 65*% 64% Glmbel Bros 4% 4% Glmbel pfd 34% .. Gr Un Tea 6% Hahn Dept Sts 5% Kresge S S 19 19 Kroger Groc 31% 30V* Macy R H 43% 43% Marshall Fields 17 16% May Dept St .•■ . ’39% Mont Ward .... 29% 29 29 29 Natl Tea 13% Penny J C 58% Safeway St ... 61 % Sears Roebuck.. 44% 44% 44% 44 Woolworth . • ... 81 Aviation— Aviation Corp . 7% 7 7% 7 Curtiss Wright. 3% 3% 3% 3%

THE INDIANAPOLIS TIMES

Curtiss Wright A .. ... ... 11% Douglas Air 22% 22% Nor Am Av 5 47* Speery Corp . ... 9% 9% United Aircraft. 22 21% 21V* 22 Wright Aero 59 Chemicals— Air Reduction .. 99V* 99 99% 98% Allied Chem 140% Am Com Alcohol 38% 38% Col Carbon 72 72 Com Solvents 24% 24 Dupont 91V* 89% 91 89% Freeport Tex... 41 40% 40% 40 Liquid Carb 30 V* ath Alkali 46 45% 46 45% Natl Dis (new) .. ... 27 26% Scheneley Dist.. 31% 31% 31% 31% Tex Gulf Sulph 344* Union Carbide 42% 42% U S Ind Alco 44 43% 44 43% Virg Ch 6% pfd 19% Drugs— Cos tv Ino 5% Lambert 28% Un Drug ... 16% Financial— Adams Exp 9V* 9% Allegheny Corp 2% 2% Am Int Corp 9% Lehman Corp ... 71 70 70 Transamerica... 6% 6% 6% 6% Tr Conti Corp 4% 4% Building— Am Radiator .. 14% 14% 14% 14% Gen Asphalt .. . . - 19% Int Cement .... 27% 26% 26 7 /* 25% Johns Manville 52V* 52 52 51 Vi Libby Owens Gls 33% 32% 32% 32% Otis Elev 16% 16% Ulen Const 2% Household— Col Pal Peet 16% Congoleum 28 Kel vina tor 19% 19% 19% 19 Mohawk Carpet 18Va Proc & Gamble 35 Simmons Bed 17% Textiles— Amer Woolen .. .. ... 12 12*/* Belding Hem .. .. ... 13% 13*4 Celanese Corp 28 27V* Collins Aikman ... ... 19 19 Gotham Hose B*4 8% Indus Rayon. .. .. ... 25Ve 25% Kayser Julius 17% New York Curb (By Abbott, Hoppin & Cos.). —June 12— Close. I Close. Allied Mills ... B%'Hud Bay Min... 14% Alum Cos of Am 69%lHumble Oil .... 45% Am Cyanide B 18% Imp Oil Ltd ... 15'/s Am & For PWr 5% Int Petrol 28% Am Gas & El . 25** Lake Sh Min... 53*o Am Superower. 3% Libby McN Libby 6% Ass G& E 1... %'Lone Star Gas. 6% Atlas Corp .. 11% Natl Bell Hess. 3% Axton Fish Tob 59 Newmont Min . 51% Brazil Tr & Lt 9%iNia Hud Pwr.. 5% Can Marc ’ 2V*!Novadel Agene . 21% Carrier Corp.. 8 iPark Davis .... 24% Cities Serv .. 2%Ppnn Road 2% Consol G of Bit 65 St Regis Paper 3% Cord Corp .... 4%15al Ck Products 7 Creole Petrol .. 12%Sherwin Wins . 67% Deere & Cos ... 21 (Std of Ind 27% Distillers Lirn.. 22%'std of Ky 16V* Distill Corp ... 17 |Technicolor Ind 12% El Bd & Sh... 15% Teck Hugh Gold 6% jlen Alden Coal 16%|Un Gas 2% Gulf Oil of Pa.. 67*4Un Pwr & Lt A 2% Hiram Walker . 38%Wght Harg Min 9%

Chicago Stocks ” 1 ■ (By Abbott. Hoppin Si Cos.)

—June 13— _ , _ High. Low'. 11:30. Berghoff 8% 8% 8% Bastian Blessing 53* Bendix Aviation 16% Borg Warner 24% 24% 24% ButTer Bros 10 9% 9% Chicago Corp com 2*/* 2% 2% Commonwealth Edison.. 51 50 51' Cord Corp 4% 4% 4% Chicago Ribbon 14' Electric Household ..... .. ... 15% Gen Household Ut 12% 12% 12% Great Lakes Aircraft . % Iron Fireman 17 16% 17 Kingsbury ' 6 y a Libby McNeil 6% 6% 6% Lynch Corp ... 36 Marshall Field igi/ 2 National-Standard ... 26 Noblitt-Sparks Ind Ino 1334 Prima Cos 84 Public Service N P 171/0 Quaker Oats 115 Swift & Cos 18 17% 1734 Swift International.... 31 Vs 30% 31% Thompson. JR 7% 7 7 Utah Radio .. 1% Walgreen Cos com 28% 28% 28%

Bond Prices (By Fenner & Beane)

—June 13— „ , ... High. Low. 10:30 Aneg Corp 5s 50 .... 39% 39% 39'% Am&For Pwr 5s 2030.. 55% 55 55 AT&T db 5s '65 . 108% Atchison gen 4s ’95.... 102% 102% 102% B&O cv 4%s ’6O 67* 2 67 67% Can Pac 4s 83% 83*/* 83% Beth Steel 5s A ’36 ... 102% Brazil 6%s (26) ’57 25 C&O 5s A ’39 ... 109% ChMStP&P ad 5s A 2000 15 14% 15 ' ChMStP&P rs 5s A ’75 44 43% 44 Cons Gas NY 4%s ’51..104% 104% 104% Denmark 5%s ’55 ... 89% Det Ed 5s E ’52 .. 106 3 1 Erie RR rs 5s ’67 75% 75 75% French 7s ’49 181% Goodyear 5s ’57 99 98% 98% Gt Nor 7s A ’36 94% 93% 94*n Interboro RT 5s ’66.. 70% 70V* 70*2 T n nHlT*J , db .A* ' 55 "• 67 % 67% 67% Lorillard 7s ’44 122 McKess&Robb 5%s ’SO •. ... 82% Nat Dairy db 5Us ’4B .97 96% 97 NY Cent 4%S o 2013 77 76% 76% PacGas&El 5s A ’42 ..106% 160% 160% Penn RR 4%s D ’Bl.. 98 97% 97% Poland 7s ’47 .... ..... ... Ill 1 /* Royal Dutch 4s A ’45 133 Shell Un Oil 5s ’47 98% Sin Cons 6%s B ’3B 105% Texas Corp 5s ’44 ... 103 102% 102% Tob Pr NJ 6%s 2022 106% 106 106* * H 5 E, a< LJ Bt 4s ’ 47 -106% 106% 106*1 US Rubber 5s A ’47 86% Vanadium 5s ’4l 81 Western Un 5s ’sl 87 V. S. GOVERNMENT BONDS (By United Press) NEW YORK. June 12.—Closing liberties (Decimals represent thirty-seconds). Liberty 3%s (32-47) 103 29 First 4 his (32-47) 103 1 Fourth 4%s (33-38) 103!25 Treasury 4%s 3%s (45) 103 15 3%s (43-47) ;;; iA* n 3%s (41-43) March 104 28 3 V ' 4 °- 43 > June 104!29 3US (43) 104 31 3, /.s (46-49) :::::: m 3s (51-55) 100.26 FEDERAL FARM LOAN BONDS (By Blyth & Cos., Inc.) —June 13— Hiil Ac v 49 Nov. 1, 1957—37 100% 101% 4s May 1, 1958—38 100*2 101 % 4*/*s July 1, 1956—36 100% 101 % Jen. 1, 1957-37 100% 101% 4%s May 1. 195'.—37 100% ... 4%s Nov. 1, 195t—38 100% . 4%S May 1, 1942—32 100*4 101 4%s Jan. 1, 1943—33 100% 101 4%s Jan. 1, 1953—33 100% 101 4%s July 1, 1953—33 100'/* 101 4%s Jan. 1, 1955—35 100% 101% 4%s Jan. 1, 1956—36 101% 4%s July 1, 1953—33 100*4 id 4%s Jan. I, 1954—34 100% 101 4%s July 1, 1954—34 100*4 101 5s May 1, 1941—31 ! >O% 101% 5s Nov. 1, 1941—31 100% 101% Home Loan 4s July 1, 1951 30!.07 101.11 Federal Farm Mortgage Corporation 3%s March 15. 1944—44 ... 101.24 101.28 The two latter quotes are in thirtyseconds. INSURANCE BUSINESS UP 95 PER CENT IN MAY Phoenix Mutual Shows Substantial Increase During Year. By Times Special HARTFORD, Conn., June 13. Impressive indications of the improvement in economic conditions are shown in the experience of the Phoenix Mutual Life Insurance Company of Hartford, Conn., whose new paid for business in May showed a 95 per cent gain over May, 1933. For the first five months of 1934, the volume of paid for business showed a 69 per cent increase over the corresponding period a year ago. There is a remarkable improvement also in the policy loan situation. Reports of policy loans are usually less spectacular than salds of new insurance, but they are no less faithful a barometer of reviving business. Compared with the same period last year, these figures reveal three important facts. First, a drop of 31 per cent in the demand for new cash loans; second, a gain of 33 pjr cent in the number of cash loan repayments; third, an increase of 139 per cent in the amount repaid in cash on outstanding policy loans.

PORKER PRICES SHARPLY HIGHER AT CJTYYAROS Advance Ranges From 35 to 40 Cents; Cattle, Lambs Strong. The third consecutive advance of the week was registered in porker prices at the local stockyards today. Practically all classes on hand in the early trading were sharply 35 to 40 cents higher than yesterday’s average. Today’s increase brought hog prices around 75 cents to $1 higher than last Wednesday’s figures. The bulk, 160 to 200 pounds, sold at $4.25 to $4.35, while 200 to 300 pounds, brought $4.40 to $4.50. Extreme heavyweights scaling 300 to 350 pounds, were salable at $4.30 to $4.40. Light slaughter pigs, weighing 130 to 160 pounds, cashed in at $3.10 to $3.15. Light lights, scaling from 100 to 130 pounds, were selling at $2.35 to $2.85. Initial sales on packing sows ranged from $3 to $3.50. Receipts were estimated at 5,500. Holdovers, 36L Cattle prices continued strong, with steers and heifers steady to mostly 15 cents higher than yesterday’s advance. Choice steers held at $8.25, while best hiefers sold at $6.50. Cows were strong to around 25 cents higher, with most beef grades salable from $2.75 to $3.70. Receipts numbered 1,000. Only slight change was displayed in the veal market and practically all classes were unchanged at the previous close. Top held at $5. Receipts were 800. An advance of 25 cents featured initial trading in lambs. Bulk held around $8.50. Top was $9. Throwouts ranged from $6 to $6.50. Fai ewes sold at $1 to $2. Receipts were 700. Early bids and sales on hogs at Chicago were steady to 10 cents higher than yesterday’s average. Early top held atr $4.35, while choice kinds were slightly stronger. Receipts were estimated at 19,000, including 6.000 directs; holdovers, I. Cattle—Receipts, numbered 9.500; calves, 2,500; market;, strong. Sheep receipts were 5,000; market, unchanged. Hog Prices Soar By Times Special CHICAGO. June 13.—Limited supplies of finished stock and a spirited packer demand sent hog and cattle prices skyrocketing at the Chicago stockyards today. New high prices for the season were reached. June. Bulk. Top. Receipts 7. $3.25® 3.55 $3.80 7.500 8. 3.35® 3.65 2.90 8,000 9. 3.35® 3.65 3.90 2.000 11. 3.60# 3.80 4.05 6.000 12. 3.85® 4.00 4.15 7.000 13. 4.25® 4.35 4.50 5.500 Market, Higher (140-160) Good and choice....? 3.35® 3.60 —Light Weights—-(l6o-180) Good and choice .... 4.25 (180-200) Good and choifce ... 4.30® 4.35 —Medium Weights—-(2oo-220) Good and choice ... 4.40# 4.45 (220-250) Good and choice ... 4.45® 4.50 —Heavy Weights—-(2so-290) Good and choice.... 4.50 (290-350) Good and choice 4.30® 4.50 —Packing Sows—(2so- down) Good 3.45® 3.65 (250 lbs.) Good 3.25® 3.50 (All weights) Medium 3.00® 3.40 —Slaughter Pigs—-(loo-130) Good and choice ... 2.35® 2.85 CATTLE Receipts, 1.006* market, higher. Good and’ choice $ 6.50® 8.50 Common and medium 4.25® 6.75 (1.100-1,500) Good and choice 7.25® 9.00 Common and medium 5.25® 7.50 (675-750) Good and choice 5.25® 6.75 Common and medium ..... 3.00® 5.50 (750-900) Good and medium 5.00® 6.50 common and medium 3.50® 5.00 —Cows— Good 3.50® 4.00 Common and medium 2.50# 3.50 Low cutter and medium 1.25® 2.50 Bulls (yearlings excluded) Good (beef steers) 2.50® 3.50 Cutter, common and medium. 1.50® 2.50 VEALERS Receipts, 800; market, steady. Good and choice $ 4.50® 5.00 Medium 3.00® 4.50 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® 6.75 Common and medium 3.00® 4.25 (800-1.500) Good and choice [email protected] Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts, 700; market, higher. (Shorn Basis) Spring lambs, good and choice $ B.oo® 9.00 (500-lb. down) com. and med. 6.00® 8.00 —Ewes— Good and choice 1.50® 2.50 Common and medium 75® 2.00 Other Livestock (By United Press CHICAGO, June 13. Hogs Receipts, 19,000, including 6,300 directs; market, active. 25c higher than yesterday; 200lbs. up, $4.25® 4.50: top $4.50; highest since March 28; 140-200 lbs., $3.65®4.25; most pigs, $3.25 down packing sows, $3.25 ® 3.65; light lights 140-160 lbs., good and choice, $3.65® 4; light weight 160-200 lbs., good and choice, $3.75®4.35; medium weights 200-250 lbs., good and choice, $4.15(a 4.50; heavy weights 250-350 lbs., good and choice, $4.25®4.50; packing sows 275-550 lbs., medium and choice, *3®3.75; slaughter pigs, 10C-130 lbs., good ‘and choice, $2.50(03.75. Cattle—Receipts, 9.500; calves, receipts, 2,500; lower grade steers and yearlingj, strong to shade higher, active: early trade on strictly good and choice medium weights and weighty steers, fully steady on shipper accounts; but supply liberal and undertone slow; better grade long yearlings and light steers weak; all she stock in active demand at firm prices; bulls and vealers also ruling fully steady: slaughter cattle and vealers: steers 550-900 lbs., good and choice, $5.75 ®8.50; 900-1,100 lbs., good and choice, $6.50® 9.50; 1.100-1,300 lbs., good and choice, $7(59.25; 1,300-1,500 lbs., good and choice, SB(S 10.25: 550-1,300 lbs., common and medium. $3.50(6 8; heifers 550-750 lbs., good and choice. $5.25®0.75; common and medium. $3®5.50; cows. good. *4®s; common and medium, s3®4; low cutter and cutter. $1.75(5 3; bulls, yearlings excluded, good beefs. *3(5 3.50; cutter, common and medium. $2.25(53.25; vealers, good and choice, $4.75(5 6; medium, $3.50(5 4.75; cull and common, $2.50(5 3.50; Stocker and feeder cattle, steers SJTJ-1.050 lbs., good and choice. $4.25(5 5.50 common and medium, $3(6 4.25. Sheep—Receipts. 5,000; spring iambs and yearlings opening 25c or more lower: top $9 on few to yard traders; natives around $8.50®8.75; two doubles choice Idahos, $8.75; quality improved on limited yearling supply: as yet no trading: sheep steady; slaughter sheep and lambs: spring lambs, good and choice, $7.75(59; medium, *[email protected]; ewes, 90150 lbs., good and choice, *1.50®2.25: all weights, common and medium, 75c®51.75. LAFAYETTE June 13.—Hogs—Market, 25®35c higher; 225-300 lbs., *4.35; 300-325 lbs.. 4.10; 210-225 lbs.. *4.30; 200-210 lbs.. $4.25: 190-200 lbs., $4.30; 180-190 lbs., *4.15; 170-180 lbs., $4.05; 160-170 lbs., $4; 150-160 lbs., $3.25; 140-150 lbs., $3; 130-140 lbs.. $2.75; 100-130 lbs., *2®2.50: roughs, $3.50 dtfwn; calves, $4.50; yearling lambs, $7 dc.wn; spring lambs, $7.50®8. i*T. WAYNE. June 13.—Hogs—25c higher; 250-300 lbs., $4.40; 200-250 lbs.. *4.25: 180200 lbs., $4.10: 160-180 lbs., $3.95; 300-350 lbs., $3.95; 150-160 lbs., $3.25; 140-150 lbs., $3; 130-140 lbs.. $2.75; 120-130 lbs., *2.50; 100-120 lbs., $2.25; roughs, $3; stags, $1.50. —alves. $5; lambs, *8.50. (By Times Special) LOUISVILLE, June 13.—Cattle—Receipts. 200, including 74 direct; run mostly grassy slaughter cattle: quality plain: demand slightly improved for slaughter steers and heifers and sausage bulls; slaughter classes fully steady; bulls strong to 25c higher; bulk common to medium steers and heifers, s4® 5; plain thin fleshed grass heifers down to $3.50 or less; strictly good dryfed yearlings quotable to $6 or better; bulk beef cows. $2.50(5 3.25; good dryfed eligible $3.50 and -above; low cutters and cutters, mostly $1®2.25; bulk sausage bulls. $3 down; few best heavy kinds $3.25; Stockers and feeders practically absent. Calves—Receipts, 300; vealers. steady; bulk $4 down; strictly choice *4.50. Hogs—Receipts, 1.100; market, 25c higher; 185-275 lbs.. *4.40; 275 lbs. up, *3.70; 160-185 lbs., $3.50; 145-160 lbs., s3.ls; 120-145 lbs.. $2.25; sows. $2.25. Sheep—2,ooo; run light and mostly trucked in spring lambs; market not established; most bids steady at $8 for bulk better trucked In ewes and wethers- generally asking 25c higher or up to $8.25 for such kinds; fat ewes mostlysl®2; stock ewes salable mostly, ss@7 a head.

All. Chemical - Inti. Harvester Am. Smelting Marlrof Avorao-o Johns-Manville Am. can iYIdTJACL AVerdgC Nat. Biscuit Am. Telephone nun Pub S. of N J. Am. Tob b Twenty Active Issues R f oe J? u< : k Atchison stand of N. J. Chrysler Listed on the N. Y . Un. Aircraft Con Gas N. Y. T „ , U- s - Steel DuPont otocle bjxchange. Union Pacific Goodyear ... ■ ■ - Westinghouse TF” '■ ■ IDTT—r- MX*.,- ..." T-—■„ )| A.PB.IL _ M AV JUNt t ♦ I* M 70 V U> II U A II "j —-T n k \- - ZHTJ * ~ V 5 —4 : j ij ■ —— • 2 10 —.l I— 1-70 . * * j *; -L- • \ j gj s*! >■ ■ ”*1 ■ i_ , ‘'ld, " ■ 1 i : 1—■ L+j— — -.-'so 900 l£ll e.t T 9) -DCO ' * U 2 vol ooua .to Tv\ L/\ AH t jT 2 ioo : on ATUB.ii/v f r r y j * 0400 1- 7 ZZ IZIjIZZZZIZ 5 = | |||--| ||—rtr- -tHtttti f-tr • \l - ~4 * 3IT ll ff: 11: t — i'hls daily record cl 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.

INCOME LOSS PLACED AT $108,000,000,000 Workers Suffer More Than One-Third of Amount. By Times Special NEW YORK. June 13.—An analysis of the National Industrial Conference Board released this week shows the first three years of the depression, to the end of 1932, cost the American public approximately $108,000,000,000. Os the total amount, workers lost a little more than one-third, approximately $37,000,000,000 under the 1929 level of wages and salaries, business losses totaled $23,200,000,000, and produced income available as a return for individual in business for themselves, recipients of rent and royalties and owners of invested capital was cut $47,000,000,000. Many companies, the report pointed out, dipped into business capital to pay wages and salaries in 1932, while in trade, the report stated, wages and salaries aggregated 3.5 per cent more than the total income produced. Produced income in excess of that paid to labor during 1932 was $30,200,000,000 or 36.4 per cent whereas in 1932 the total was $7,800,000,00 or 19.9 per cent. Total wages in 1929 amounted to $52,800,000,000 against $31,500,000,000 in 1932. Produce Markets Delivered In Indianapolis prices: Heavy hens, 10c; Leghorn hens, 8c; 1934 broilers 1% lbs. and over, 18c; Leghorn broilers 1% lbs. and over, 15c; bareback broilers, 12c; old roosters, 3c; ducks and geese. 3cyoung guineas, 1% to 3 lbs., 20c; old guineas, 15c; No. 1 strictly fresh country run eggs, loss off 10%@llc. Each full case must weight 55 lbs. gross; 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 Wadiey Company. (By United Press) CHICAGO. June 13.—Eggs—Market unsettled; receipts, 17,799 cases: extra firsts. 16c: fresh graded firsts, 15%®15%c; current receipts. 13® 14c: dirties. No. 1. 12c; No. 2. 11 %c: checks. No. 1. 11%; No. 2. 11c. Butter—Market, unsettled; receipts, 13.276 tubs; extra firsts (90-91 score), 23%®23%c; firsts (88-89% scorei. 22%® 22%c% seconds (88-89% score). 21®21%c; extras (92 score). 24c: specials. 24%®25c; standards. 24c. Poultry—Market about steady: receipts, 48 trucks; hens, light. 12c: Plymouth Rock broilers. 20c: heavy spring ducks. 14%c; old roosters, 8c; fryers. 24c; springers. 26c % spring geese, heavy, 15c; turkeys. 13c. Cheese—Twins, 13%®13%c; Longhorns. 13%®14c; daisies. 13% ® 14c. Potatoes—Old stock, supply moderate, demand and trading slow: market, dull: Idaho Russetts. $1.45® 1.50: U. S. No. 2. $1.60; Minnesota round whites, partly grades, 90 cents; Russets. 95c. New Stock—Supply moderate; demand and trading slow; market stronger on best, stock; Alabama Triumphs. $1.65(811.70: Louisiana Triumphs. $1.62%: slightlv decayed, $1.40 ® 1.45: Teaxs Triumphs, $1.60®1.75; U. S. No. 2. slightly decayed. 90c; Oklahoma Cobblers. '51.50; California white rose. $1.90; North Carolina, barrels, cobblers, $2.90. Arrivals, 51; on track, 255; shipments. 1,019. NEW YORK. June 13.—Potatoes—Dull: southern. $1#2.75 barrel; Maine. *1.15® 2.40 barrel. Sweet potatoes—Quiet; Jersey basket, 50c®51.25: southern basket, $1.75®1.85. Flour—Steady; springs: patents. $7.50®7.75 barrel. Pork—Quiet; mess $20.25 barrel. Lard—Firm; middle w>est spot. $4.35® 4.45, 100 lbs. Dressed poultry —Firm; turkeys. 13®27c; chickens. B®3lc; broilers, 206731 c; capons. 25®34c; fowls, ll®17c: ducks, 14c; Long Island ducks, 14 %® 15c. Live poultry—Steady; geese. 6®7c: turkeys. ll®16c; roosters. 8c; ducks, 10®12c; fowls. 12® 16c; capons, 22c; broilers. 16(6 261. Cheese—Firm; state whole milk fancy to specials, 16® 18c. CLEVELAND. June 13.—Butter—Market, steady; extras. 28c; standards. 28%c. Eggs—Market, steady: extra white, 14c; current receipts. 13%c. Poultry.—Market barelv steady; colored fowl. 6 lbs. and up, 13@ 14c: Leghorn fowl. 3% lbs. and up. 12c: broilers colored ordinary. 12®13c: old roosters, 9c; ducks white, 5 lbs. and up, 14® 15c. Potatoes —North Carolina, $2.85 #3 a bbl. Births Boys August and Joanna Enderlin, 3360 North Denny. George and Carrie Ross. 2324 Sheldon. Steve and Violet Hotseller, 432 Kaufman. John and Thelma Burge, Coleman hospital. Ernest and Rosalie Lundgren, Coleman hospital. Gussie and Mary Mattingly, Coleman hospitall Robert and Bertha Wells, Coleman hospital. Floyd and Mary White, Coleman hospital. George and Marceline Donovan, 28 South Bradley. Charles and Evelyn McCauley, 846 North Oxford. Robert and Pauline Maginity, Methodist hospital. Fred and Edith Bacon, Methodist hospital. William and Flora Kelley. 2457 Shelby. William and Opal Hemmings, 31 Schiller. Robert and Marv Hoffman. St. Francis. Vincent and Marv Oberfell, St. Francis. Charles and Martha O’Donnell, St. Francis. Frank and Haze! Johnson, St. Francis. Girls Thomas and Helen Halloran, 940 Concord. Robert and Thelma McClain, 333 South Oakland. Herschel and Ruth Buskirk, Coleman hospital. George and Delphia Lingenfelter, Coleman hospital. William and Helen Skinner. Coleman hospital. John and Ethel Sparks, Coiaman hospital. Chyrses and Margaret Carmagua, 1604 West Riverside Drive. Herbert and Marie Wood. 3449 West Michigan. Berneth and Agnes Baker, 521 North Centennial. Russell and Wilma Ward, Methodist hospital. Robert and Mary Pyritz, Methodist hospital. Joseph and Gertrude Henning, Methodist hospital. Charles and Cora Barnaby, Methodiet hospital. Stanley and Jean McComas, Methodist hospital. Harry and Juliet Hershman, Methodist hospital. Wilson and Mabel Robbins, 1606 Lexington. John and Orpha Dav. 1245 West Ray. Joseph and Betty Stopek, St. Francis. Raymond and Violet Dynes. St. Francis. Zinc Stocks Decline NEW YORK, June 13. Zinc stocks in the United States at the end of May totaled 104,732 short tons against 109,375 tons at the close of April and 135,551 tons at the end of May, last year according to the American Zinc institute.

Cash Grain

INDIANAPOLIS —June 12— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41% New York rate, were: Wheat —Firm: No. 1 red, 91%@92%c; No. 2 red. 90%®9i%c: No. 2 hard. 90%@ 91 %C. Corn—Strong; No. 2 white. 57®58c; No 3 white. 56® 57c: strong. No. 2 yellow, 53 ®s4c: No. 2 yellow. 52®53c: strong. No. 2 mixed. 52®53c; No. 3 mixed 51®52c. Oats—Strong: No. 2 white. 40%#41%c: No. 3 white. 39%@40‘4c. Hay—(F, o. b. country points taking 23 %c or less rates to Cincinnati or Louisville). Firm. No. 1 timothy. sl2® 12.50. —lnspections Wheat—No. 1 red, 1 car. Total. 1 car. Corn—No. 3 white. 2 cars; No. 4 white. 2 cars; No. 3 yellow. 3 cars: No. 5 yellow. 1 car. Total. 8 cars. Oats—No. 2 white. 1 car: No. 3 white. 1 car: No. 4 white, 2 cars; sample white. 1 car; No. 3 mixed. 1 car. Total 6 cars. Local Wagon Wheat City grain elevators are paying 88 cents for No. 2 soft red wneat, Otnar grades on their merits. (By United Press) CHICAGO, June 12.—Cash grain: Wheat —None. Corn—No. 2 mixed, lake. 58%c; No. 2 yellow, 59%®59%c; No. 2 yellow, lake, 58%c; No. 2 white, 62%c; No. 3 white, 61c. Oats—No. 2 white. 45®45*,4c. Rye—No sale. Barley—No sales; auotable. 56c® sl. Timothy—sß.2s® 8.75. Clover seed—slo®U3.7s. Cash provisions —Lard. $6.67; loose. $6.10; leaf. $6.12: bellies. $9.25. TOLEDO. June 12.—Grain close: (Grain in elevators, transit billing). Wheat —No. 2. red. $1.02®:1.03. Corn—No. 2 yellow, 61V* ®62%c. Oats—No. 2 white, 48%®49%c. Rye—No. 2, 71%®72%c. (Track prices 28%c rate). Wheat—No. 1 red. 98%®519%c: No. 2 red, 97%®98%c. Corn—No. 2 yellow. 58®58%c: No. 3 yellow. 57®57%c; No. 4 yellow, 56® 56%c. Oats—No. 2 white, 45%®46%c; No. 3. white. 45®46c. Seed close: Clover—Cash, $8.25. Aisike—Cash. $8.50. ST. LOUIS, June 12.—Cash grain: Wheat —ln fair demand, steady to lc higher; hard grades l%c higher; No. 2 red winter. 97%#99c; No. 3 red, 98%c; No. 2 hard wheat. sl.Ol nominal. Corn—ln fair demand. 2c to 2%c higher; No. 2 yellow, 61c; No. 3 yellow. 60%®61%c; No . 4 yellow, 60c; No. 2 white, 64%c. Oats— In slow demand, lVic higher; No. 2 white. 45 %c. On Commission Row —June 13— —Fruits— Apples—Fancy Winesaps. *2.25#2.35. Cherries—Home grown. 24-qt. crates. $2 ® 2.50. Oranges—California, Sunklst. *5®5.75; Valentias, $5 50®5.75. Lemons—Sunkist, $8; Red Ball, SB. Grapefruit—Florida seedless, SSTStfM. Strawberries —Home grown. 24-qt. crate, $2.50® 3; southern, $5. Raspberries—Southern Indiana red. 24pt. crat". $4, black. $3®3.50. Can' ..loupes—California Jumbos, 455, $4.25; standards. $3.75: Honeydews. $2.50 Pears—Calavos. $3.56 per box. Pineapples—Cuba, [email protected]. Bananas—Per pound. sc. —Vegetables— Sweet Corn—Louisiana, 5-dozen crate. $2.25. Cabbage—Tennessee, pony crate, $1.40. Celery—Florida, $5.50 a crate; Jumbo bunch, 90c: medium bunch. 75c. Onions —Texas yellow, 50-lb. bag, $1.85. Potatoes —Northern round white. 100-lb. bag. $1.75: Maine Green Mountain. $1.90; Colorado McClures. $2; Idaho Russets, 100lb. bag. $2; new' Texas Triumphs, *2. Sweet Potatoes—Tennessee Nancy Hanks, hamper. $2.40. Asparagus—Home grown, dozen, 65c® $1.25. Beans —Round, stringless, $1.50® 1.65. Beets—New, 45c a dozen. Carrots—California. 6-dozen crate. $3.25; bulk, new, $1.60. Cauliflower —California, $2.75. Lettuce—Outdoor, 15-lb. basket, 90c: Iceberg best. *4.50 a crate. Peas—lndiana. $1.50® 1.75. Radishes—Home grown buttons. 35® 60c a dozen. Rhubarb—Home grown, dozen, 30c. Spinach—Home grown, bushel. 75c. Tomatoes —Hothouse, 10-lb. carton. $1.25; original Texas. 30-lb. lug, $2. CHICAGO FRUIT MARKET (ty United Press) CHICAGO. June 13.—Apples—Michigan Spies, *2®2.50 bushel; Illinois Transparents, *1.50. Carrots—Southern. 75c bushel. Spinach—lllinois 50®60c bushel. Cucumbers —Central western hothouse. 85c®51.75, 2 doz. to box. Tomatoes—Texas, 90c® *1.25 lug box. Sweet potatoes —Tennessee, $2 bushel hampers. Mushrooms—lllinois, 15® 55c lb. carton. Asparagus—lllinois. 60® 90c box. Strawberries —Michigan. *1.25 ® 2.50, 16 qts. Onion market 1 50-lb. sacks) —Texas yellows. $1.50® 1.60; Texas whites, $1.25®1.40; California whites, $1.25®1.40. Business Failures Rise By Times Special NEW YORK, June 13. Dun & Bradstreet reports business failures in the week ended June 7 were 239 as compared with 216 in the previous week and 401 in the corresponding week of 1933. Sugar Production 2,113,305 Tons By Times Special NEW YORK. June 13.—Statistics compiled by the New York Coffee and Sugar Exchange shows sugar production in Cuba in the first five months this year totaled 2,113,505 tons and exports were 754,766 tons.

Money to Lend on Real Estate First Mortgage Loans on Indianapolis Property A. J. Wichmann & Cos., Inc. 712 Circle Tower

Government Bonds Home Owners’ Loan Corporation and Municipal Bonds The Union Trust Cos. of Indianapolis BOND DEPARTMENT 120 E. Market Klley 5341

JUNE 13, 1934

BUYING IN CORN CARRIES FUTURE PRICESUPWARD Alarming Reports of Chinch Bug Damage Affect Grain Trading. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO, June 13.—Buying in corn, induced by alarming reports of chinch bug damage over the middlewest, led an advance in all grains at the opening of the Board of Trade today. Wheat opened F4 to % oent higher, corn was up % to 1% cents, oats were *4 to % cent improved, and rye was *4 cent higher. Vast areas throughout the corn belt were said to have been ravaged by the insect pest, and agricultural experts joined the farmer in an effort to stem the attack. Chicago Futures Range —June 13— T„H- h * at ~ ,™S h - *v°, w - 10;no - close! 0 1 * Mi/ a D^ orn _ 102% 1.01% 1.02 1.01% 1 5 n .60%, .61 *4 59% De O >t! ;_: 63, - 63 63 .61% Jn'v 45% .44% .45 ,44% ®eP* 45 Vi .44 s * .44% .44 u 1 * -46 -46 .45% BkrteV-”* 2 ' nh - 71 * 4 July • . . ScPt 55*4 ,55 ‘.55 '.54% CHICAGO PRIMARY RECEIPTS —June 12— , Bushels. .... , Today. Last Week. corn 255.000 359,000 ° at s 149.000 133.000 BUILDING AWARDS GAIN Contracts in Eastern States Total $134,445,700 During May. By Times Special NEYW YORK, June 13. F. H. Dodge Corporation reports construction contracts awarded during May in thirty-seven eastern states totaled $134,445,700, an increase of 2 per cent over the preceding month, and 7 per cent above the same months last year. Total awards for the same states in the first five months this year amounted to $727,383,300 against $329,771,500 in the first five months last year. WALL PAPER SALES UP S Increase of 86 Per cent Registered in First Five Months. Sales of the Martin Rosenberger Wall Paper Company during the first five months of the current year have exceeded sales of the entire previous year, according to Miss Edna Foster, manager. Sales for these five months were approximately 86 per cent greater than those for the same period last year. National recovery and extensive newspaper advertising are credited for this remarkable gain, it was stated.

Direct to CHICAGO WORLD’S FAIR GROUNDS jm H S CSO Round Trip To Chicago Leave any day. Return limit 15 daya. Good in coaches and Pullman cars. Reduced round trip Pullman fare*. Greatly reduced fares for partiea of 25 or more. Our all-expense tours save you time, money, worry end insure hotel accommodations $11.95 and up 5 FINE TRAINS at convenient hours take you direct to the ground*—a few minutes’ walk and you are at the main entrance For information and UuMaEAH reservations call 113 Monument Circle. - Phone Riley 3443 BIG FOUR ROUTE