Indianapolis Times, Volume 46, Number 37, Indianapolis, Marion County, 23 June 1934 — Page 14

PAGE 14

Wall Street

Financial Leaders Suggest Self-Regulation of Business. BY RALPH HfcNULKaUOI

lim*s S&fcial | manna! Writer FOLLOWING a thre-day meetinjj In Hot Springs, Va.. a group of prominent industrial and financial leaders—past and present members of the industrial advisory board —made the suggestion that business be permitted to regulate itself. This self-regulation was offered as a substitute for the governmental regula-

tion now in force through the codes, and provisions were outlined t o meet in a general way what these leaders figured were the social needs of the country. Common sense would seem to indicate that self - regulation of indus-

Hrndorshot

try would be better than government regulation, provided it brought the desired results. If industries could develop a technique of busi- ; ness procedure by which the great- i est good could be secured for the greatest number it is reasonable to suppose that every one would be made happy. But if the aim, under | the clock of self-regulation, were to j secure for the most powerful the j greatest benefits from organization j it is extremely doubtful that it would prove satisfactory. It is conceded in well-informed quarters that even under government regulation the tendency has; been for the larger companies to band together for their own benefit. The codes they voluntarily presented for adoption gave little consideration to the smaller concerns. It was necessary also for the government to insist on adequate protection for labor. In other words, industry has not shown by its actions | thus far that it can be trusted to afford the people of this country the type of industrial justice proposed under the New Deal. a a a IT is possible, of course, that operations under the codes have firoadened the vision of our indusnal leaders. Perhaps they have begun to realize that it is cood business to take into consideration the • road general of the country in developing their trade policies. Mavbe they are willing to compromise on the issue of rugged individualism to the extent of granting that the United States is not entirely their oyster. The concessions offered at the Hot Springs meeting would seem to indicate that industry might be ready for self-government. The group pledged itself to establish minimum hours of work and minimum wages for labor, prohibition of child labor, elimination of unfair trade practices. relief of technological unemployment and conservation of natural resources. ana THE dispatches did not indicate how the leaders at the meeting proposed to enforce their self-im-posed regulations. That would seem to be an important consideration. In view of the fact that the governmert appears to be having no end of difficulty in enforcing the codes one naturally wonders how they expect to overcome that problem. Codes, according to quotations from the statement issued after the meeting, were to be trimmed down to mam essentials and then perpetuated. Perhaps, therefore, the idea is to leave enforcement up to the government. In that event the government might be placed in the po- ; pjtion of takinc responsibility for > rules and regulations it had little or j no part in formulating. N. Y. Coffee. Sugar Markets corFrr. —June 22 —Santo*— High La* Closo^ Marrh 10.95 10.61 10.65 C, ,1 th ** 1103 10.73 10.,3 V.,' *’ " 10.25 994 994 S-ntomhor 10.66 10 33 10.33 K ... io.ss 10.55 10.57 —Rift— _ .. afJlnUirV ~.••• o 'le eat e fl'T December ® 3 ‘ 7 93 SUGAR High. Low. Clos . aS3T 1:8 i:U i:p if S: tg \% September 5-i? Jlq j December 182 1,9 183 In the Cotton Markets —June 22CHIC AC.D High. Low Close. Jan* , a r T vTrrh " 12 63 12 46 12 46 w' " ... 12 73 12 58 12 .'8 December 1 * 3 • * 2 29 12 31 NEW YORK .. 12 44 12 31 12 35 W.rrh ..12 56 12 40 12.45 .. 12 65 12 52 12 55 October W::”'.' 1339 U December 1. 40 1. 36 .. 44 NEW ORLEANS January 40 J!'F. r! '* 12 61 12 59 12 60 iiV rN ,. 1226 12 m 1214 December 12 38 12.23 12.28 Retail Coal Prices The following price* represent ouoU*.rn. irom leading Indianapolis coa. dealer} ~ A cash discount ol 2a cents per ton Is ’ allowed. Demritu Retail Prices Anthracite * I ?SS Fra ill lump =2? Brat.l eca £*2 Brazil mine run £SV Coke, nut gig fr.diar.** forked lump Sooet'ot Indiana ecc 5 00,8 2™ Kentucky lump l ™ Pocahontas lump B.ua Pocahontas egg . 5 Pocahontas forked sump .a Pocahontas mine run • %j? New River smokeless g sj? West Virginia lump r; West Virginia egg $ Island Creek .. - - 00 Extra charge of 50c a ton for wheeling coal, and $1 a ton for coal earned to bin

SUGAR EXPORTS DROP Shipments to Cub* Since Jan. 1 ToUl 717.854 Long Tons. By 1 imr* zptctat NEW YORK. June 23 —Exports of sugar to Cuba since the first of the year to June 16 amount to 717.854 long tons as compared with 949995 long tons during the corresponding period last year. Lambom & Cos., sugar brokers, report. Shipments of raw sugar from Puerto Rico to the United States during the same period totaled 498 - 798 short tons, against 467.685 short tons last year, according to the New York Coffee and Sugar Exchange.

STOCKS BREAK FOUR POINTS AS SELLING GAINS Auto Shares Lead Decline: Closing Rush Forces Tickers Behind. BY ELMER C. WALZER United Press Financial Editor NEW YORK. June 23—Selling sained momentum in the late tradj mg on the Stock Exchange yesterday. ! Tickers fell behind tne market dei spite close abbreviations of quotations. Prices broke in all sections with automobile shares leading the downturn. Lasses extended to more than 4 points. Trading was quiet most of the day. Stocks opened barely changed and moved in a narrow range until the last hour when activity picked up and declines spread throughout the list. Automobile issues were sharply lower. New lows for the year were made by Auburn Auto at 23’ 2, off 3 1 ; Hudson 81. off 2%. and Nash 15%. off 1. Chrysler and General Motors lost more than a point each. Steel Issues Slump Steels were driven down sharply with National at 40. off 2 points, and United States Steel 39“4, off 1%. Bethlehem, a strong spot in the early trading, was depressed to 33 1, off 3 s from the previous close and off more than a point from the high. Silver shares were down fractions to more than 4 points with the widest loss in United States Smelting which touched 124%. Rails were down with Atchison at 55 ~ off 2%. Car loadings for the week ended June 16 showed a rise of about 2,000 cars over the previous week. That was better than seasonal but far under estimates which ran to increases of 10,000 cars. Rubbers had a period of weakness during which Firestone equaled its low for the year and the group lost fractions to more than a point. Fears of labor troubles induced many traders to sell. Du Pont was off nearly 2 points in the chemical division. Scars Roebuck dipped more than a point on what some considered a poor showing in sales. Just before the close, the market quieted down. Tickers caught up and prices steadied. Some issues regained part of their losses before the finish, but the general list was well below last nights close. Sales Volume Rises Dun & Bradstreet in its weekly business review found the “general pace of business has yet to >be slowed.” Early estimates on fail distribution, the company said, are running 15 to 25 per cent over 1933. •Both from an industrial and commercial standpoint the reports received from all parts of the country this week depict the situation as continuing favorable, with only minor seasonal declines noticeable as yet.” Sales today approximated 930,000 shares, against g 30.000 shares Thursday. There were 44,000 shares exchanged in the final hour. On the curb sales were 183.000 shares, against 154.000 shares Thursday. Dow-Jones preliminary closing averages showed industrial 95.93, off 1.57 points, railroad 44.04, off .64. and utility 23.48. off, .57. Money and Exchange INDIANAPOLIS BANK CLEARINGS —June 22 Clearings $1,640. 000. 00 Debits 4.196.000.00 FOREIGN EXCHANGE (Bv Abbott. Hoppin & Co.I —June 22 Close. Sterling. England ss.o3'* Franc. France 0659 Lira Italv 0853 Belgias Belgium .2336 Mark Germany 3816 Guilder. Holland .6782 Teseta, Spain 1368 Krone. Norwav 2532 Krone. Denmark 2251 Treasury Statements ißv United Press! WASHINGTON. June 22.—Government expenses and receipts of the current fiscal t vear to June 20. compared wih the corresponding period of the previous fiscal year: This Year Last Year. Expenses $6,851,124,353.93 *4.969 297.945.50 Receipts $3,042,556.414 70 $2,029,981,457.35 Defici' $3 808.567.939 23 $2,939,316,488.15 Cash Bal $2,687,516.358 54 Investment Trust Shares < Bv Abbott. Hoppin & Cos.) —June 22Bid. Ask. American Bank Stocks Corp.. 1.09 1.13 American A General Sec A.. 4.00 6.00 American & Inv Tr Sh 1.75 .... Basic Industry Shares 3.30 .... British Type Inv Tr Sh 44 .50 Collateral Trustee Shares A . 4a5 4.65 Corporate Trust Shares toldi 2.08 2.13 Corporate Trust Shares (new) 2.29 2.33 Cumulative Trust Shares ... 392 Diversified Trust Shares A... 625 ■■■ Diversified Trust Shares 8.. 7.70 i.90 Diversified Trust Shares C.. 3.00 3.05 Diversified Tru*4 Shares D.. 4 5 4,0 First Insurance Stock Corp ... .87 1.00 (First Common Stock Corp ... 66 ~0 ; Fixed Trust Oil Shares A 810 . . ‘Fixed Trust Oil Shares B ... 700 72a Fundamental Shares Inc .... 1.97 2.16 Incorporators Investments ... 17.30 19.00 Land Bank Bond Shares .... 1.19 1.32 Low Priced Trust Shares 5.80 590 Mass Inv Trust Shares 18 66 20.28 Nation Wide Securities .. 3.28 3.33 North Am Trust Shares (53).. 186 No Am Trust Shares (55-56).. 233 .36 North Am Trust Shares < 58* -. 232 2.38 Selected American Shares 119 128 Selected American Shares Inc 261 .... Selected Cumulative Shares .. 663 _ Selected Income Shares 344 38, ?*d American Trust Shares A 287 293 ! Trust Shares of America 273 2,8 1 Trustee Std OH A 5.50 5.70 Trustee Std Oil B 5.00 5.10 U S Electric Ls A- Par A ... 12.50 12.75 Universal Trust Shares 2.95 3.01 Daily Price Index Bv United Press) NEW YORK June 22 —Dun A- Bradstreet s daily weighted price index of thirty basic rommodities compiled for the United Prtss, U 930-1932 Average. 1001 Today 112.01 Yesterdav 112,07 Week Ago 112 81 Month Ago 109 33 Year Ago ijune 23) 9S 92 1934 H:ch .June 19) 113 68 1934 Low- tjan. Si 101.05 Copvr-.sht. 1934. bv Dun A- Bradstreet. Inc.

Bright Spots ' Bv Abbott dooms * Cos *

Pullman. Inc., declares the regular ouarterlv dividend of 75 cents a share on the capital stock, eatable Aub. 15. of record Julr 24. Austin Nichols A Cos. declares a quarter!? dividend of 51.25 a share on the prior "A” stock. Three months are the dividend was raised to SI from 75 cents ore\ iouslv. California Packing Comoanv earnings in the twelve months ended Feb. 28 were equivalent to 54 28 a share. Wholesale Prices Climb By 1 <mft Sprrinl NEW YORK. June 22—Dun & Bradstreet weekly summary of wholesale prices shows twenty-nine advances last week against thirtythree in the previous week. Declines numbered twenty-two against sixteen in the preceding week. I

New York Stocks ““-————- gv Aobott. Hoppin St Cos J —————

AVERAGE STOCK PRICES FOR THURSDAY Net High. Low. Close, change. Thirty industrials 98.62 97.39 97.50 —.75 Twenty rails 45.25 44.64 44.68 —.49 Twenty utilities 24.48 24.01 24.05 —.35 Forty bonds .... 94.94 —.07 Ten first rails .... 101.71 —.03 Ten second rails .... 82.11 —.13 Ten utilities •••• •••• 98.61 —.05 Ten industrials *••• 97.35 —.04 -Off.

—June 22 Prev. Oil*— High. Low. Close, dose. Amerada 52 51 51 52% Atl Rfg 25'* 24% 24% 25% Barnsdall 7% 7'* 7% 7% Consol Oil 10% 10% 10% 10 1 a Corn of Del ... 19'.4 18% 18% 19% Houston mew) .. 3% . Houston (oidi .. 21 201-2 20% 21'2 Indian Rfg ... 2% .. M;d Corn. Pet.. 13’, 13 13 13 *4 Ohio Oil 11*4 11% 11% ll’a Pet Corp • 10% 10 </% Phillips Pet 18-i 17% 17*4 18% Plymouth Oil .. 117* 11% 11% 12 Pure Oil 10'. 2 9 7 10 10' 3 Roval Dutch ... . . 35", Sbd Oil 33 32 32 '4 33 ’, Shell Un 8 % 8)4 Skellev Oil ... 97* 9% Soc Vac 9% 9% 9% 16 S O of Cal .. 18’, 15’, 15% 35_ SOOf N J 44), 43'2 43 , 8 445s Sun Oil • 81 Texas Corp ... 24 23', 23’, 24 1 2 Tidewater Assn 12’, 12 3 , 12', 12-*, Un Oil of Cal.. 16% 15 3 4 151, 16',2 Steels— Am Roll Mills.. 19’, 18’, 18 "4 19’, Beth Steel ... 35'2 33’, 33*4 33% Bvers AM 22’2 22 22 Col Fuel A- Iron 6', 5% 5*4 6% Inland Steel ... 39'2 39 39' 2 ... Ludlum Steel... 14'/, 14 14 Natl Steel 41 4040 42 Otis Steel . • s'* 4 3 ,4 4*4 •• Rep Iron & Steel 17',2 18 16' 2 17V, Rep Ir & Stl pfd 47 48',2 U S Pipe & Fdy 24'2 24 24 24 U S Steel .. 40% 39', 39’, 40', 2 U S Steel pfd.. 85V, 84',2 85% 85 Warren Bros . 9’2 10 Youngstn SA:T 22 19V* 19 7 ,21 Va Motors— Auburn 26 3 i 23 3 , 24 27 Chrysler 40 s , 39 V, 3814 40'/, Gen Motors . .33 7 , 30' 2 31 31 3 4 Gen Motors pfd. 102', 102 102 102', Graham Mot ... 2' 2 2', 2 3 , 2’, Hudson 11'2 8 3 4 8 7 , lIV2 Hupp 3*4 3Va 3',2 35a Mack Truck 27 26*4 26 3 4 28 Nash ... 16 3 , 15 s , 15’, 16 3 i Packard 3', 3 3 4 3 7 , 3% Reo 3*2 3 3 * 3*4 3'.2 Studcbaker 4'/a 41, 4 3 , 4Vi Yellow Truck .... 4’/2 Motor Access—

Bendix 15' 2 14’ 2 14’, 15''2 Bohn Alum .... 53 3 * 53’* 53'* 53 3 ,4 Borg Warner.... 23’ 2 23 23 24 Briggs 16 16 V* 16'* 171, Eaton Mfg 17 16', 16Va 17Vi Elec Auto Lite.. 21 ’i 20’, 20 3 * 21‘2 Houdaille A 4 7 , 4V4 4V* ... Mullins Mfg 11 s , 11 11 Mullins Mfg pfd 34’ 2 32 1 2 34 ] 2 .. Murray Body ... 7', 6' 2 6' 2 7's Stew Warner ... 7',, 6 3 ,* 6** 7'* Timken Roll 28’, 29U Timken Det Ax 7 67a 67a 7 Mining— Alasko Jun .. 20 19' 2 19’ 20 Am Metals 23 22'2 22',2 22 3 * Am Smelt 42'4 40', 404 41’, Anaconda 15 3 , 144 14’, 15', Cal & Hecla 4’/, 4'4 4'2 4’, Cerro de Pasco. 414 39’, 40 40 7 , Dome Mines ... 437s 42 4 43',2 434 Granbv .. 10 10’,, Gt Nor Ore . 11% 11 Vi 1174 Ills Homestake Min. ... . - 380 Howe Sound .... 55'/, 53', 534 54 Ins Copper 44 4Vi Int Nickel 26 25 25', 251, Int Silver . 30V2 .. Kennecott Cop . 214 204 21 214 Mclntyre Mine . 484 47 7 , 477, 474 Noranda Coo ... 43 3 , 424 424 434 Park Utah ‘ 44 44 44 44 Phelps Dodge ... 174 164 164 174 St Joe Lead 204 204 204 21 V S Smelters ...130 1244 1254 1284 Vanadium 23 21',? 214 * 224 Amusements— Croslev Radio .. 15'/a 15 15 15’/, Fox Thea 14 14 Loews Inc 314 29 4 30 31 4 Radio Corp 74 64 6 7 a 74 RKO 24 24 24 24 Warner Bros ... 54 54 54 57, Tobaccos— Am Snuff ... 58 4 584 Am Tob A 70(, 71 72 4 714 Am Tob B 744 73'/a 7474 74 Gen Cigars .... 42 Ligg & Myers B 954 95'i 954 964 Lorillard .. 184 174 1774 184 Reynolds Tob B 454 44 7* 444 45%

Rails— Atchison ....... 58% 56% 57 58’,i Atl Cost Lines. . 40 B & O 24 22% 23% ‘24% Can I 'Pac 15% 14% 14% 15% Ch & Ohio .. 47% 46% 47 47% Chi & Gt W . . .. 3% 3% Chi & Gt W pfd 7% 7% 7% ... C M & St P 4% 4V2 4% 4% C M & St P pfd 8% 7% 7% 8% Chi N W .. 9% 9 9 9% Chi N W pfd.. 17% 17% 17% ... Del Lac & W . 23% 22% 22% 23 Erie 19% 19 19% 19% Erie pfd 25 24% 24% Grt North pfd .. 22% 21% 21% 22% 111 Central 25% 23% 24 25% Lehigh Valiev... 15% 15 15 Lou & Nash 51 % 53 M K & T 9% 9% 9% 9% MK & T pfd... 23% 22% 22% 23% Mo Pac pfd 5% 5% 5% 6 N Y Cen 30% 28% 29 30% NYC&St L .. i9% NYCh&St.Lpfd .. 34% 34 34 34% N Y New Hav . 15% 15% 15 15% NY On & W.. 7% 7% 7% Nor & Wes 182% 191% 182% ... Nor Pac 25% 23% 30% 24% Penn R R . 30% Reading 48 47% 47% Sou Pac 24% 22% 28 24 Sou R R . .... 26% 25 25 26% Sou R R pfd... 32% 31% 31% - . Union Pac 1123 122% 123 123 Wabash . • 3% •- ■ West Maryland.. 12% 12 12 12% Equipments— Allis Chalmers 116% 16 16 16% Am Brake Shoe 27 26% 26% ... Am Car & Fdv • , *9 tftm Loco 24% 24 24 Am Loco Pfd 56 55 5o 56% Am Mach A- Fdv 14% Am Steel Fdv.. 16% 16% 116% 16% Bald Loco 10% 10's 19% 11% Bald Loco pfd.. • ... 44% Burroughs 14 13% 13% 14 1 Case J I . 52% 47% 48'* 52% Cater Tract 27% 27 27% 27% Deere it Cos ... 20'* 19% 19 s -0 Elec Stor Bat . • • 43% Foster Wheeler 16% 15 15 • Gen Am Tank C 38 37 37 38 a Gen Elec 20% 19% 19% 20% Ingsol Rand .... 61% 60% 60's 63 Int Harvester... 32% 32 32% 32 2 Natl Cash Reg.. 17% 16% 16% 17% Pullman Inc ... 49% 48% 48 t 49 4 Rem Rand 2 9% i"% Und Elliot 47% 47% 47% 47% West Air B ... 22% 21% 21 * -2 2 Westingh Elec.. 36% 35% 35% 36% Worth'ton Pmp. 21% 21 21% ... Utilities — Am & For Pwr . 8% 8 8 8% Am Power & Lit 7% 7 7 In AT&T 114% 113% 114% 114% Am Wat Wks .. 20 19% 19% 20 Col Gas & Elec 14 13% 13% 14 Col G & E pfd. . . •• <B% Com* 50u.... 2% 2% 2% 2% Consol Gas . 34% 33 33% 34 Elec Pwr & Lit. 6 5% 5% 6% EP & L pfd . . 13% 13% 13% 14% Int Hydro Elec.. 7 6% 7 7 Int TANARUS& T ... 13% 13% 12% 13% Lou G&E A.. ... ••• }7% Nat Pwr & Lit-. 10% 9's 9% 1® 2 North Amer 18% 16% 16-8 18 Pac G& E 18% 18 18 18% Peoples Gas ..33% 32 32 33 2 Postal Tel pfd . 20% 20 20 20 4 Pub Serv N J ... 37 36 36 37 So Cal Edishn .. 16% 16% 16% 16% Std Gas 11% 10 10 11% Std Gas pfd 12% 11% 11% 12; 4 Stone & Webster 8% 7% 8 84 United Corp ... 5% 5% 5% 5% Un Gas Ulmp 16% 16% 16% 16 s Ut Pwr & Lit A 3% 33 3% Western Union.. 46 44% 44% 4a 5 a Rubbers — Firestone 17% 16% 16% 17% Goodrich 13% 12% 12.4 14 Gcodvear 29 2.% 2. 29 u e *S Rubber'" 19% 18 18% lj£* U S Rubber Pfd 47% 44-2 45 48* Miscellaneous— Am Rank Note. 21% 20 20 21% Am Can 96% 95% 96 96% Anchor Can.. . 21 20% 20% 20; B Brklvn Man Tr 3R% 31% 37 38% Contt Can .... 78% 78 18 79 Crown Cork... 2a % 25 25 25-4 P lb ® Curtis Pub Pfd SO 78% 78% 80 Eastman Kodak 99 97 9< 99-s Gillette 10% 70% 10; 10- 8 Glidden •■ • - 24 ?3% 23% 24 4 Inter Rapid Tr 8% g% 8 s ._ Owens Bottle . 79 78 <g <8 Ravbestos Mfg 17 4 18 Foods— Am Sugar 61% 61% 61% 61% Armour ‘A’ • 5% 02 3 * Beatrice Cream 16 15% 1 3 * Borden Prod .. 2b s 2a s *6 .62 Cai Packing . 3};* 31 2 31- 2 32% Canada D G Ale 21% -1 21 2. e Corn Prod tB% 66% 66% 68 Crm of Wheat.-. 3 2 s . Gen Sl Foods 32 4 31% 31% 32% Gold Dust 19’a 19% 18% 1“: G W Sugar ... 32 l s 32 4 30 4 3** ”nt rs sSdt3o 29 29 3 6 i s Loose Wiles .... 40% 39% 39% 40% Natl Biscuit 35% 35 35 35 s Natl D Prod ... 18 1% I]% %% Purity Bak .... 14 .3% 14 14 S Porto Rico S 35 34 34 34 Sper.cer Kellog • *3 23 * Std Brands 20 3 4 20 l * 20-g 20-g Un B.scuit 25% 25 2a . United Fruit 72% .2 <2% 72 2 Retail Stores— Asso Drv Goods 12 11% 11% •• Best & Cos . 32 81% First Nati Stores 64% 64% 64% 65 Gimfcel Bros 3 ... Gr Un Tea - ■ •••. |% Hahn Dept Sts • .1% 5% 5% 5% Kresee S S 18% 18%. 178% 18% Kroger Groc 30% 33 * 33’. 30% Uafv R H 42 3 4 42 42 42^ j Marshall Fields 15% 15 15. la% j Mav Dept St 36"* 36 3 4 36's (Mont Ward ... 27% 26% 26% 27% Natl Tea 12% 12% 12% 12% Penny J C 08% 58% 58% 60 Safewav St ... 51 49% 49% 50% Sears Roebuck . 42% 41% 41% 43 Woolworth 51% 49% 49 4 51% Aviation— Aviation Corn . 6% *% 6% 6% Curuss Wright.. 3% 3% 3% 3%

THE INDIANAPOLIS TIMES

[Curtiss Wright AlO 4 94 94 104 I Douglas Air ... 204 194 194 204 Nor Am Av 44 44 44 44 Speerv Corp - . 9 4 B’, 84 9 United Aircraft 194 184 184 194 Wnght Aero ... 534 524 524 *44 Chemicals— Air Reduction... 98 97-7* 98 98 Allied Chem 141 139 139 139'* Am Com Alcohol 36 34 4 344 36 Col Carbon .. 73 704 714 73 74 Com Solvents.. 23 22 4 22 4 23 Du Pont 90% 88 88 4 894 Freeport Tex ... 32 314 314 314 Math Alkali 324 31 317, 324 Mont Chem 49 4 48 4 49 49 4 Nat Dis (new) . 244 234 234 244 Schene. Dis 284 27 274 28 4 Tex Gulf Sul .. 344 33% 42% 344 Union Carb 424 414 41', 43 U S Ind A1 41 40% 40 4 41% Drugs— Cotv Inc 6 5% 54 6 Lambert 26 25 4 6 264 Lehn 4 Fink .... . . 20' 2 Un Drue 154 154 154 16 Zonite Prod .... 54 574 57, 574 Financial— Adams Exo 84 814 84 8% Allee Corp .. 23 74 23 4 Am Int Corp ... B'* 8 8 84 Chesa Corn 464 4574 454 464 Lehman Corn ... .. 68 4 68% Transamtrica .. 6% 64 6% 64 Tr Con Corn ... 434 437* Building— Am Radiator ... 144 134 134 144 Gen Asphalt... 19 18% 184 194 Int Cement ... . 26 2772 Johns Manville . 53 514 514 53'.a Libbv Owens Gls 304 30 74 30% 304 Otis Elev .. 154 16 Ulen Const 24 274 2% ... Household— Col Pal Peet.... 164 15V, 164 16'4 Congoleum .... 274 264 267 2 28 Kelvinator 174 167-2 164 174 Mohawk Carpet . 174 . Proc & Gamble. 354 3574 35% 354 Simmons Bed... 1674 1 6 1 6 16% Textiles— Amer Woolen... 104 10'4 104 11 Belding Hem.... 124 12% 1274 124 Celanse Corp ... 267, 24’, 25 264 Collins Aikman. 164 164 16% 164 Gotham Hose.. 8 74 74 874 Indus Ravon ... 24 7 /, 234 234 25 Kayser Julius .. 174 164 164 174

New York Curb (By Abbott. Hoppin & Cos.) —June 22Close. i Close. Alum Cos of Am 65 t Gulf Oil of Pa. 61 Am Cyanide B 17% Hiram Walker.. 36 Am & F P W. 5 741 Hud Bay Mist.. 14 Am Gas & El. 24 7 ,iHumble Oil 414 Am Superpower 24 Imperial Oil Ltd 144 Ass Gas & El.. livlnt Petrol 27 Atlas Corp ... 10'.,|Lake Shore Min 53% Can Indus Ale A 10% [Libby McN Lib 54 Can Marc ... 24'Lone Star Gas 54 Carrier Corp... 74(Natl Bellas Hess 3% Cities Serv .... 24 Newmont Min.. 514 Consol Gos Bit 644 Nia Hud Pwr.. 54 Cord Corn .. 474(Park Davis .... 244 Creole Petrol 12 Penn Road . 24 Crown Ck Inti 64;St Regis Paper. 34 Deere & Cos . 19 7 ,15al Crk Prod . . 64 Distillers Corp. lo’sSherwin Wms... 66 Dow r Chem ... 94 Std of Ind .... 264 El Bd & Sh... 144[Std of Kv ... 164 Fisk Rubber ... 9% Technicolor Ind 13% Ford of Can A 214 Teck Hugh Gld 6% Ford of Europe 8 Un Gas ... . 24 Gen Aviation 44 ! Wr Hare Min. 9V4 Glen Alden Coal 164!

Bond Prices

—June 22 High. Low. Close. Alleg Corp 5s ’50.. 39 52 38% Am&For Pwr 5s 2030 53% 52 52 AT&T db 5s ’65.. 110 109 110 Atchison Gen 4s ’95..103% 103 103 B&O cv 4%s ’6O 65% 64% 64% Beth Steel 5s A ’36 ...102% 102% 102% Brazil 6%s (26) ’57 .. . ~ 25% Can Pac 4s 82 81 % 82 C&O 5s A ’39 110% ChMStP&P ad 5s A 2000 13% 15 13 ChMStP&P rfss A ’75. 42% 40% 40% Cons Gas NY 4%s ’sl 105 104% 104 % Denmark 5%s ’55 , .90 Det Ed 5s E ’52 ....107% 107% 107% Erie RR rs 5s ’67.... 74'% 73 73 French 7s ’49 183 Goodyear 5s r 57 100% 100 100 Gt Nor 4%s D ’76 ... 78% 77 77 Interboro RT 5s ’66... ... 70% Int T&T db 5s ’55 65% 65 65 McKees&Robb 5%s ’SO 83*2 83% 83% Nat Dairy db 5%s ’4B 98% 97 3 4 97% NY Cent'4%s O 20..13 76*% 76% 76% Nor Am 5s ’6l 90 $9% 90 PacGas&El 5s A ’42.... ■ -i l?f% Para Pub 5%s ’SO ... 55'/s 55 55 Penn RR 4'As D ’Bl.. 98% 98% 98% Poland 7s ’47 111% 110% 111% Shell Un Oil 5s ’47.. 99-% 99% 99% Sin Cons 6%s B ’38.. ■ ■ Texas Corp 5s '44 . 102% 10,;% 102;a Tob Pr NJ 6%s 2022 10'-% 106% 106% Un Pac Ist 4s ’47 1 . 06% 106 106 US Rubber 5s A ’47 86% 86% 86% Vanadium 5s ’4l ... 81% West Ull 5s ’sl 80% Ygstwn S&T 5s B '7O 83% 83'* 83% U. S. GOVERNMENT BONDS (Bv United Press) NEW YORK. June 22—Closing LlbCrt 6S (Decimals Represent 32nds.). Liberty 3%s (32-47) 104.2 First 4%s (32-471 103.2 Fourth 4%s (33-38) 103.19 Treasury 4%5-3%S (45.‘ 103.J6 4%s (47-52) 112.30 3%s (43-47) 104.15 3%s (41-43 March 104.26 3%s (40-43 June i 104.28 31. S (431 104.27 3%s M 6-49) 102.13 3s (45-55) 101.5 FEDERAL FARM LOAN BONDS (By Blyth & Cos., Inc.) —June 2 Bid. Ask. 4s July 1, 1946 100 101 4s Nov. 1, 1957—37.... 100% 101% 4s May 1, 1958—38 100% 101'1 4%s July 1, 1956—36 100% 101% 4%s Jan. 1. 1957—37 100% 101% 4%s Mav 1. 1957—37 100% 101% 4%s Nov. 1. 1958—38 101% 4%s May 1. 1942—32 100% 101% 4%S Jan. 1. 1943—33 100% 101% 4%s Jan, 1, 1953—33......... 101% 101 4%s July 1. 1953—33 101% ... 4%s Jan. 1, 1955—35 101% 101'% 4%s Jan. 1. 1956 —36 101% , 4%S July 1 1956—36 100 100% 4%s Jan. 1. 1954—34 100 100% 4%s July 1, 1954—34 100 100% 5s May 1. 1941—31 101 101% 5s Nov. 1, 1941—31 101 101% Home Loan 4s July 1, 1951 100.25 101.00 Federal Farm Mortgage Corporation 3%s March 15. 1964—44 ... 101.10 101.15 The two latter quotes are in thirtyseconds. Births Girls Joseph and Esther Guyconne. 5920 Pleasant Run boulevard. Cleon and Janice Potter. 824 Chester. William and Leona Baker. 2155 North Oxford. . _ Alvia and Mvrtle Means, 130 Miley. Arthur and Etta Clark. 1130 Southern. Ralph and Opal Wadsworth, 223 South Randolph. Michael and Peatra Lalioff. 914 North Ketcham. Clarence and Loretta Milldebrook, 1910 Columbia. . _ William and Garnet Spurgeon. 1732 Draper. Ben and Nina Martin. 2322 Pans. Robert and Thelma Tracy. 919 North Traub. . , ... „ Fredrick and Minnie Hughes. 814 Bates. John and Mattie Harris. 209% South Meridian. , .... . Harry and Dorothy Skaggs, 1320 West Twenty-fifth. Boys Carlton and Edith Boiler, 2135 Dexter. Edgar and Ruth Hill. 2235 Northwestern. Ollie and Naomi Martin. 2715 North Meridian. .... _ . William and Calanthe Glass, 3832 East Clarence and Olive Meek. 1513 North Denny. William and Pauline Piers. 426 Brookville road. ... _ _ James and Lucille Davenport. 622 Coffee. Leroy and Grace Hudgins, 855 West Pratt. ‘joe and Vannia Terry. 1040 West Twenty-ninth. .... . Clifford and Willa Robinson. 1114 Patt€Roscoe and Ethel Lickliter. 421 South Randolph. . James and Hilda Franklin. 714 Blake. Joe and Lillian Harris. 1018 North Senate. _ , . Thomas and Elsie Johnson. 8.0 West Twentv-seventh. Bill and Florence Monday. 4807 Massachusetts. _ „„„„ .. Hobart and Ethel Barnes, 2623 Nortn Sherman drive. , . , . Robert and Zelma Jackson. 2210 West Martha. Deaths Georgia Head, 68. of 427 North California. uremia. Stella May Steinmark. 62. of 21.9 North Gale, carcinoma. _ , ... Emma Jean Mills. 9. Ruey hospital, meningitis „ „ ~ , Jan Sailors Morris. 6. St Vincent s hospital. streptococcic meningitis. Arthur Whitney. 37. of 900 North Belmont. mitral insufficiency. Alexander J. Thompson. 38. Veterans hospital, peritonitis. William S. Newbolt 38. citv hospital, fractured vertebra Edward Scott. 54. citv hospital, carcin°WUiiam H Swan. 70. of 1057 Congress, cardiac dilatation. Allen W. Hook. 37. Veterans’ hospital chronic nephritis. Ora B. Stonehill. 63. Centra! Indiana hospital, hvpostatic pneumonia. Lutetia Gill. 37. of 64 Eddv. pulmonary tuberculosis. Haze! Florence Howe 32, of 1518 Broadburv. pulmonary hemorrhage. Hln Mitrphv. 80. of 302 East lowa, chrome myocarditis.

HOGS CONTINUE UNCHANGED IN SLOWSESSION Lamb Values Stationary; Cattle, Veal Prices Hold Even. Despite an increase in receipts and a lighter demand, porker prices continued mostly unchanged in a narrow range at the Union Stockyards yesterday. Initial sales developed slow and practically all sales held at Thursday's average. The bulk of 160 to 350 pounds was selling at $4.95 to $5.10. Top held at $5.15. Lightest grades available, weighing from 130 to 160 pounds, were salable at $4 to $4.50, while similar kinds, scaling 100 to 150 pounds, brought $3.25 to $3.55. Packing sows sold at $3.50 to $4. Receipts were estimated at 8,000; holdovers, 333. With only odd lots of cattle salable. prices generally were steady in a week-end clean-up trade. All classes were scarce. Receipts numbered 600. Vealers displayed only little change, salable at $5 down. Receipts were 600. Lamb values were unchanged in early trading, with bulk of better grades selling from $9 to $9.25. Top held at $9.25. Throwouts ranged from $6 to $7, while slaughter sheep sold at $1.50 to $3. Receipts were 800. Asking was strong on hogs at Chicago, with no bids evident on prime kinds, and few scattered bids on other grades weak. Receipts were estimated at 16.000; including 7,000 directs; holdovers, 2,000. cattle receipts, 5,000; calves, 1,500; market stationary. Sheep receipts were 5,000;' market, unchanged. June Bulk. Top. Receipts. 16. $4.85® 4.95 $5.05 2,500 18. 4.90® 5.05 5.10 8.000 19. 4.90® 5.05 5.10 9 000 20. - 4.95® 5.10 5.10 6.500 21. 4.95® 5.10 5.20 6 500 22. 4.95® 5.10 5.15 8.000 Market, Steady (140-160) Good and choice ...$ 4.25® 4.50 —Light Weights—-(l6o-180) Good and choice.... 5.00 (180-200) Good and choice 5.05 —Medium Weights—-(2oo-220) Good and choice 5.10 (220-250) Good and choice 5.10® 5.15 —Heavy Weights—-(2so-290) Good and choice .. . 5 10® 5.15 (290-350) Good and choice.... 4.95® 5.10 —Packing Sows—(2so down) Good 3.90® 4.25 (250 lbs.) Good 3.65® 4,10 (All weights) Medium 3.50® 3.90 —Slaughter Pigs—-(loo-130) Good and choice 3.25® 3.75 CATTLE Receipts, 400; Market, Steady. Good and choice $ 6.50® 9.00 Common and medium 4.00® 6.75 (1,100-1,500) Good and choice 7.25® 9.25 Common and Medium 5.50® 7.50 <675-750) — Good and choice 5.50® 7.00 Common and medium 3.25® 5.75 (750-900) — Good and choice 5.25® 7.00 Common and medium 3.50® 5.25 —Cows— Good 3.50® 4.25 Common and medium 2.50® 3.50 Low cutter and medium 1.50® 2 50 Bulls (yearlings excluded) Good (beef steers) 2.50® 3.50 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts, 600; Market, Steady. Good and choice $ 4.50® 5.50 Medium 3.00® 4.50 Cull and common 2.00® 3.00 —Calves — Good and choice 4.50® 5.50 Common and medium 2.50® 4.50 —Feeder and Stocker Cattle — Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 (800-1.500) Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts, 800; Market Steady (Shorn Basis) Spring lambs, good and choice $ 8.50® 9.25 (500-lbs. down) Com. & med.. 6.50@ 8.50 —Ewes— Good and choice 2.00® 3.00 Common and medium I.oo® 2.50 Other Livestock (Bv United Press CHICAGO. June 22.—Hogs—Receipts, 16.000, including 7.000 directs: active, about steady with yesterday; weights about 220 lbs., $5.05-5.15; ton $5.15: 180-210 lbs., $4.75(8.5.05: most ugdt lights. $4.50 down; pigs, s3® 3.75; pec' t," sows. $4®4.50: light lights. 140-1 f .is., good and choice. $4®4.60: light wf ,ts. 160-200 lbs., good and choice, $4.40 .10: medium weights, 200-250 lbs., g'> and choice. $4.90® 5.15; heavy weig. .s. 250-350 lbs., good and choice. $5®5.15; packing sows. 275-550 lbs., medium ani choice. $3.90®4.50; slaughter nigs. 100-130 lbs., good and choice. $3.75 Ti 4. Cattle —Receipts. 5.000: calves. 1.500; run includes about 4.500 government drought cattle and calves: steers and vearlings and heavy heifers fairly active, fullv steadv; other she-stock slow, steady: bulls unchanged: vealers. firm: best 1.367 lb. steers. $9;: selected vealers. $5.50 to all inteiects; slaughter cattle and vealers. steers, 550-900 lbs., good and choice. $5.7a ®8.75: 900-1.000 lbs., good and choice, $6.25® 9.75: 1.100-1,300 lbs.. good and choice. $7®10.35; 1.300-1.500 lbs., good and choice. sß® 10.35: 550-1.300 lbs., common, and medium, s4@B; heifers. 550-750 lbs., good and choice, $5.50®7.25; common and medium, [email protected]; cows. good. s4®s: common and medium. $2.50®4; low cutter and cutter. $1.50®2.50: bulls (yearlings) excluded) good (beef). $3®3.75; cutter, common and medium. $2.25®3.50: vealers, good and choice. [email protected]; medium. $3.50 ®4; cull and common. $2.50®3.50; Stockers and feeder cattle, steers. 550-1.050 lbs., good and choice. [email protected]; convfnon and medium. 33.25® 4.50. Sheep—Receipts. 5.000; spring lambs and yearlings active, fully 25 cents higher, springers, $960,9 25; top, 19.50 to small killers; vearlings s<@ 7 75; too offerings carrying 90-day fleece: ewes. $1®2.25: slaughter sheep and iambs, spring lambs, good and choice, $8.60 V 9.oO; medium. 57.25®8.75; ewes. 90-100 lbs., good and choice, $1.50®2.25: all weights, common and medium. $1®1.75. LAFAYETTE, June 22 Market, steady; 200-300 lbs.. 54.95; 160-200 lbs.. 54.80® 4 85' 140-160 lbs.. $4®.4.25; 120-140 lbs.. 53.50® 3.75;; 100-120 lbs.. S3® 3.25;_ roughs. S4 down; top calves. $4; lambs. $7.504/8. FT WAYNE. June 22.—Hogs—Steady; 250-300 lbs., 55.10: 200-250 lbs.. $5: 120200 lbs. $4.90; 168-180 lbs., $4.80; 300-350 lbs., $4.85: 150-160 lbs.. $4.25: 140-150 lbs., S4- 130-140 lbs.. 53.75; 120-131 lbs.. s3.io; 100-120 lbs.. $3.25; roughs. $3.50; stags. $2. Calves, $5; almbs. $8.75. (By Times Special) LOUISVILLE. June 22.—Cattle—Receipts, 100; market, slow: supply very light; generally steady; bulk common to_ medium, steers and heifers, quotable s4®s; strictly good dryfeds quotable around $6.00; bulk beef cows. $2,504/3.25; practical top, $3.50; low cutters and cutters, 51®2.25; most sausage bulls of quality to sell from $2..a down- best heavy kinds eligible higher; Stockers and feeders practically absent. Calves, receipts. 400: steady: bulk better vealers, $4®4.50: medium and lower grades. $3 50 down. Hogs—Receipts, 900; market not fully established: few opening sales steady on closely sorted strictly grainfeds at $5.10 for 185-275 lb. weights: sellers generally bidding $5 for general top on such weights. Sheep—Receipts. 2.000: market not established: indications about steady with yesterday's advance: sellers generally holding for $8.25^/8.50 on better trucked in ewes and wether springers and up to $9.25 for choice longhaul and overnight lambs; strictly choice kinds held higher; plainer grade springers considered salable mostly from 55.50 down; fat ewes, stock ews quotable mostly ss<&;7 a head. EX-TRUSTEE ORDERED TO SERVE PRISON TERM Former Lake County Official Loses Supreme Court Appeal. Erick Lund, former Lake county trustee, must serve two to fourteen years in the state prison and pay a SI,OOO fine for filing false claims, according to a ruling by the Indiana supreme court. Lund was convicted in 1929 in Lake circuit court. He was alleged to have filed illegal claims amounting to $13,552 against township poor funds. C LAIM ‘OLDEST’ TWIN S Ohio Brothers, 79. Said to Be Oldest Living There. By Lnitcd Pri* GENEVA. 0.. June 22.—Edgar and Edson Stanclift, who have just turned 79. are believed to be Ohio’s oldest living twins. A pair, 65, were former claimants to the title.

Chicago Stocks —— ——’*Bv Abbott. Hoppin & Co.i ———

TOTAL SALES. 32 000 SHARES —June 22 High. Low, Cloee. Abbot Lab JO, Acme Steel Cos 39-2 Advance Aluminum 2 Altorfer Bros 17 Am Pub Serv pfd 9% Asbestos Mfg ••• f Berghoff ■ < ], • Bastian-Blessing Bendix Aviation 15 3 14% 14'2 Bmks Mfg 2 Borg Warner 23% 23 _* 23* Butler Bros •• 9% 8 s 82 Cent 111 Pub Serv pfd la Cent 111 Securities pfd i 3 .* Cent & So West pfd 6 Chi & North Western.. ?■* 9 Chicago Corp com 2% 2 2 Chicago Corp pfd 27 26'- j. 6% Chicago Yellow Cab .... 14 Cities Service • • , 3 % Cord Corp 4'* 4% 4% Chicago Ribbon •• 13 Crane Cos 8% 8% 8% Dexter Cos ,;■* Electric Household .... . ■ }i Gen Household Util.... 12% 11' a 12 General Candy Corp •* Codchaux •B 1 .... •- 2 Great Lakes Dredge 18 IT's li'x Hall Printing .. . • Houdaille-Hershey (B).. 4'* 4 4 Iron Fireman 16 15'' 2 IS Katz Drug 34% 347* 34 * Keystone Steel • 1?% Kingsbury 5 4% o Libby-McNeil 5 * 0 2 i 2 Lindsay Light 3 Loudon Packing J 9 Lynch Corp J? Marshall Field ••• McGraw Electric .... ••• 9 a McWilliams Dredg Cos . 18% 18’* I‘* Merchants & Mfrs lA> • 2 Mickelberrv's Fd Prod l 3 * l’e 1% Midle West Utilities a Muskegon Mot Spec (A) .. ••• 13 Nat Union Radio a COMMODITY PRICES INCREASE SLIGHTLY Index Advances One Point to 72.1 Per Cent.’ By Timei Special WASHINGTON, June 23.—Wholesale commodity prices advanced slightly last week, according to the index of the National Fertilizer Association. When computed for the week ended June 16, this index showed a gain of one point, moving up from 72.0 to 72.1. During the preceding week the index gained three points. A month ago the index stood at 71.7. The latest index number is, therefore, four points higher than it was at the middle of May. A year ago the index stood at 61.2. Twelve of the fourteen groups in the index were active last week. Seven groups advanced and five declined. The advancing groups were grains, feeds and livestock, fats and oils, building materials, house-fur-nishing goods, mixed fertilizers, agricultural implements, and miscellaneous commodities. The declining groups were foods, fuel, textiles, automobiles and metals. Among the individual commodities thirty-two showed price advances while twenty-four showed price declines during the latest week. During the preceding week there were twenty-four advances and twentytwo declines. Cotton declined slightly. Corn advanced about 3 cents a bushel. Wheat declined about 5 cents a bushel. Cattle and nog prices materially advanced. Other advancing commodities included lard, butter, milk, bread, raw sugar, most feedstuffs, lambs, heavy melting steel, copper and cottonseed meal. The declining commodities included wool, burlap, silk, eggs, flour, potatoes, oats, zinc, gasoline, tin, turpentine and coffee. Produce Markets Delivered in Indianapolis prices: Heavy hens 10c; Leghorn hens, T/ac; 1934 broilers i’/a lbs. and over. 18c; Leghorn broilers l'/ 2 lbs. and over. 16c; bareback broilers, 12c: old roosters. 3c; ducks and geese 3c; voung guineas, l'/h to 3 lbs.. 20c; old guineas, 15c: No 1 strictly fresh country run eggs, loss off 11c. Each full case must weight 55 its. gross; a deduction of 10 cents a pound for each pound under 55 lbs. will be made. Butter—No. 1, 28@29c: No. 2. 26®27c. Butterfat. 22c; Quoted bv Wadley Company (By United Press) CHICAGO. June 22.—Eggs—Market steady; receipts, 12,781 cases: extra firsts, 15lie; fresh graded firsts, 15%c; current receipts. 12 3 /i®l3 3 *c; dirties: No. 1. 12c; No. 2. lie; cheeks, No. 1, 11' 2 c; No. 2. 11c. Butter—Market unsettled; receipts, 16.174 tubs; extra firsts (90-91 'i score*. 23' 2 ® 24c; firsts (88-89' i score). 22% fa 22'%c; seconds (86-87’- scorei. 21®21*ic; extras (92 score). 24’ic; specials. 25® 25'/ 2 c; standards, 24%c. Poultry—Market about steady; receipts, 33 trucks; hens, 12' 2 ® 13' 2 c: broilers. Leghorns light. 15'/ 2 c; Plymouth Rocks. 211 2 c; fryers, 21' 2 ® 22’.ic: springers. Rocks, 24c: spring geese, 13c; turkeys. 14c: ducks, heavy spring, 14c; Leghorns, 10c; old roosters. B'-c; colored broilers, 20c. Cheese—Twins. 13% (a l3'ic: Longhorns, 13 3 4#14c: daisies, 13'%® 14c. Potatoes—Old stock, supply light; demand and trading light; market about steady; Wisconsin round w'hites, ungraded, 90c; Washington russets, $1.30. New stock, supply moderate; demand and trading slow; market steady on good stock; Alabama triumphs, showing decay. $1.15® 1 40; Louisiana triumphs. $1.50; slightly decayed, $1.30®1.35; Arkansas triumprs, ,51.50® 1.55: North Carolina cobblers. $1.25. shipments. 1,290. CLEVELAND, June 22.—Butter—Extras, 28’ 2 c; standards, 28'*c. Eggs—Market, steady; extra white, 14‘ 2 c; current receipts 14c. Poultry—Market, firm; colored fowls, 6 lbs. and over. 11c; Leghorn fowl mediums. 15c; broilers colored, 22®23c; old roosters, 9c; ducks white, 5 lbs. and up, 14® 15c. Potatoes —North Carolinas. $2.45 ®2.50 per barrel. NEW YORK. June 22.—Potatoes—Easier; southern, $1.50®2.35 barrel; Maine. sl® 2.25. Sweet potatoes—Easir; Jersey basket, 50c®52.25; southern basket. $1.50. Flour—Weak: springs: patents, s7® 7.25 barrel. Pork—Firm; mess, sl9 barrel. Lard—Easy; middle west spot, $4.10®4.20 a 100 lbs. Dressed poultry—Firm; turkeys, 12'/ 2 @27c: chickens. 9® 29c; broilers. 23® 29c: capons. 20® 30c; fowls. 11® 18c; ducks, 13® 14c: Long Island ducks. 13®15c. Live poultry—Firm; geese. 6®loc; turkeys, 11 ® 19c:'roosters, 10c: ducks. B®l3c; fow'ls, 15® 19: broilers. 12®23c. Cheese—Steady; state whole milk, fancy to specials. 18 ® 19c. On Commission Row —June 22 —Fruits— Apples—Fancy Winesaps. $2.25. Cherries—Home grown. 24-qt. crates. $2 62.50 Oranges—California. Sunkist. $5.2566: Valer.tias. $4.75® 6. Lemons—Sunkist. $7. Grapefruit—Florida seedless, 5464.25. Strawberries—Home grown 24-qt. crate. $2.50® 3. Raspberries—Southern Indiana biack. 24Dt. crate. $1.70®2. Cantaloupes—California Jumbos. 455. $4.25: standards, $3.75; Honeydews. $2.75. Pears—Calavos. $3.50 per box. Pineapples—Cuba. $3.50®4.25 Bananas—Per pound. sc. —Vegetables— Sweet Corn—Alabama. 5-dozen crate, $1.50® 1.75. Cabbage—Tennessee, pony crate. 51.25. Celery—Florida. $5.50 a crate; iumbo bunch. 90c: medium bunch, 75c. Onions—Texas yellow. 50-lb. bag. $1 90. Potatoes—Northern round white. 100-lb. bag. $1.75: Maine Green Mountain. $1.90; Colorado McClures. $2; Idaho Russets, 100lb bag. S2; new Texas Triumphs, $1.85. Sweet Potatoes—Tennessee Nancy Hanks hamper. $2.40. Asparagus—Home grown, dozen. 65c@ 51.25. Beans—Round. Stringless. $1.60: Kentucky Wonders. $1.75. Beets—New, 45c a dozen Carrots—California. 6-dozen crate. 53.25: bulk, new $1.60. Cauliflower—California, $2.75. Lettuce—Outdoor, 15-lb. basket. 85c; iceberg best. $4.50 a crate. Peas—lndiana. $2.50. Radishes —Home grown buttons. arge bunch. 50c. Rhubarb—Home grown, dozen. 30c. Spinach—Home grown, bushel, 85c. Tomatoes Hothouse. 10-lb. basket, sl.lo' original Texas, 30-lb. lug. $1.50 CHICAGO FRUIT MARKET (By United Press) CHICAGO. June 22—Apples—Michigan spies, $26 2.25 bushel; Illinois transparent, $2 6 2.50 bushel. Carrots —California. $2.25 a2 50 crate: Texas bushels, 85c® $1 Cucumbers—Central western hothouse. 75c 651.50 12 dozen to box' Beans—Southern green, 75c® $1.10: w ax. $1.50 6 2.25. Tomatoes—Texas. 856,1 lug Sweet Potatoes Tennessee sl9o® 2 bushel hampers. Mushrooms—lllinois 104/35c : iib. cartonsi. Asparagus —Illinois, SO6 75c box. Strawberr.es Michigan $1.256 275 (16 quartsi. Wisconsin. s2® 2.J5 <l6 quart i. Beans—lllinois green. 5C6 60c <% bushel: bushel. 75c® sl. Peaches—Georgia, 50c ® $1.15 i \ 2 bushel: Illinois. 1.506-.75 bushel. Onion market- >SO-!b. sacksi—Texas yellows. $1.50® 1.75; Texas whites, $1.50; California yellows, $1,403.1.50.

New England Power... 12 3 * 12% 12% Parker Pen .. g% Penn Gas Sc Elec 17% 17% 17% Perfect Circle 29 Priir.a Cos . . . 7 4 5 % Public Service N P . 17% 17% 17% Public Service 6% pfd ... ... 60 Public Service 7% pfd . 68 Quaker Oars 115% 115 115 Reliance Mfg Cos 14 Standard Dredg Cos pfd . 2% Swift A: Cos . . 18% 17% 17% Swift Internaciona! ... 31% 30% 31 Thompson. JR .. 6% Utilifv A- Ind pfd 3 7 2% 3 , Vortex Cup Cos <A> 30% Wahl j% Walgreen Cos . com 27% Ward. Montgomery (A) 123 120% 123 Wayne Pump, pfd ... 2% Wieboldt Stores ... 12% Zenith Radio ... 2%

Cash Grain

INDIANAPOLIS —June 22 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—Steady: No. 1 red. 83 6 84c; No. 2 red. 82®S3c; No. 2 hard. 826 83c. Corn—Weak: No. 2 white. 54%655%c: No. 3 white. 53%654%c; No. 2 yellow. 50%®51%c No 3 yellow, 49%50%c: No 2 mixed. 49%®50%c: No. 3 mixed, 48%® 49’ 2 c. Oats—Weak No. 2 while, 37%®38%c; No. 3 white. 36% 6 37%c. Hay—Firms: if. o. b. country points taking 23%c or less rates to Cincinnati or Louisvillei No. 1 timothy. sl2® 12.50. —lnspections Wheat —No. 1 red. 4 cars: No. 2 red. 1 car; N0.5 red. 1 car. Total. 6 cars. Com—No. 2 white, 4 cars; No. 3 white. 4 cars: No. 4 white. 5 cars: No. 5 white. 1 car: No. 6 white, 1 car: No. 2 vellow. 11 cars; No. 3 yellow, 13 cars; No. 4 yellow. 1 car; No. 6 vellow, 1 is ; sample vellow, 1 car: No. 4 mixed. 1 car. Total, 43 cars. Oats—No. 6 white. 6 cars; No 3 white. 1 cars: No. 4 white, 1 car. Total. 8 cars. (By United Press) ißy United Press) CHICAGO. June 22—Cash grain Wheat —No. 1 hard. 93%c: No. 2 hard. 93c Corn —No. 5 mixed. 56c: No. 2 vellow. 56%6 58c: No. 3 vellow'. 57%c: No. 6 yellow. 55c: No. 1 white. 61%c: No. 2 white. 61c. Oats —o. 2 white. 41%c; No. 4 white. 40%c: sample. 40c. Rve—No sales. Bariev—94c. ouotable 55c® SI.OI. Timothy—s9.2s6 9.50. Clover seed—slo.2s6 14.50. Cash provisions—Lard. $6.55: loose. $6.05: leaf. $6: bellies. $9.50. TOLEDO. June 22.—Grain close: (Grain in elevators, transit billing.) Wheat—No. 2 red. 92® 93c. Corn—No. 2 yellow. 606 61c. Oats—No. 2 white, 45%®46%c. Track prices, 28%c rate. Wheat—No. 1 red. 88%’ 6 89c; N.o 2 red. 87%®.89c. Corn—No. 2 yellow. 55%®56%c: No. 3 vellow, 54 %® 55%c: No 4 vellow. 53% 6 54%c. Oats— No. 2 white. 42V 2 643%c; No. 3 white 42 ©43c. Toledo seed close: Clover—Cash. $8.25. Alsike—Cash. $8.50. ST. LOUIS. June 22.—Cash grain: Wheat —ln good demand. I®2%c lower on red and %c higher on hard No. T red. 89%c: No. 2 red. 88’%®89%C' No 2 red garlicky. 84®86%c: No. 2 red smutty 86c; No. 2 hard. 92c, nominal. Corn—ln good demand. 161%c lower: No. 2 yellow. 59®59%c: No. 2 white. 63c. Oats—ln slow' demand. %c lower; No. 2 mixed. 43c. PYLE NATION COMPANY DECLARES $9 DIVIDEND Payment of $3 a Share Made by Neptune Meter Firm. By Timm Special CHICAGO, June 23.—A disburse- ! ment of $9 a share on the pre- ! ferred stock of Pyle Nation Company this week cleared up all arrears and the regular quarterly dividend. Neptune Meter Company this week declared a dividend of $3 a share on account of accumulations on the 8 per cent preferred stock, the first payment since November, 1932. The regular quarterly dividend of 62*2 cents a share on the common stock was declared by the Cudahy Packing Company. Two quarterly payments of $1.50 each on arrears of the 6 per cent preferred stock of the Ohio Brass Company brought payments of the company up to the close of 1933. JAPAN DENIES SEEKING U. S. PEACE TREATY Non-Aggression Pact Unnecessary Tokio Holds. By United Press TOKIO, June 22.—The foreign office today denied reports published in the United States that Japan is seeking a bilateral Japanese-Ameri-can non-aggression treaty. Such a pact is regarded as unnecessary. General treaties, in addition to the Kellogg peace pact, are regarded here as sufficient to cover relations with all friendly nations. STORE SALES INCREASE Advance of 1.9 Per Cent Reported Over Previous Y’ear. By 7 imeg Special NEW YORK. June 23.—Sales of department stores in the metropolitan area of New York showed a decline of 0.2 per cent in the first two weeks of the current month, as compared with the corresponding period last year, exclusive of liquor sales. Including the liquor sales the total during the two-week period showed an increase of 1.9 per cent over last year. U. S. DOLLAR IS~STEADY British Pound Practically Unchanged on London Market. By United Press LONDON, June 23.—The dollar was steady yesterday. The pound was $5.03%. Gold was $34.77, unchanged from Thursday, with the sterling rate 138 shillings 1 penny, up 1 2 penny. Thursday’s rate was fixed with the pound at $50.3*4. PARIS. June 23.—The dollar was slightly stronger yesterday, with the franc at 15.16 to the dollar (6.596 cents a franc). Marriage Licenses Edward Twyn.an, 21, of 1411 Cambv street, laborer, and Fannie Jewell. 19. of 2554 Columbia avenue, housekeeper. Isaiah Jeter. 37. of 2001 Boulevard place, barber, and Lula White. 24. of 2001 Boulevard place, housekeeper. William Muffendore. 76. Franklin, Ind., minister, and Edith Mount. 56. Tulsa. OkJa., nurse. Donald Owens. 21. of 318 South Missouri street, meat cutter, and Florence Neville. 20 of 835 Cottage avenue, housekeeper. Paul Bridge. 40, Baltimore. Md . salesman. and Pauline Lambert. 24. Woodruff Place, housekeeper. Harvev Badgiev 25. of 522 South Meridian street, ice man, and Louannah . Tomlinson. 21 of 1336 North Kealing avenue housekeeper

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.TUNE 23, 1934

FUTURE PRICES TURN IRREGULAR ON MIXED NEWS Wheat Values Close Nearly a Cent Higher After Selling Spurt. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. June 23.—A mixture of influences came to the attention of grain trade on the Chicago Board of Trade yesterday and prices fluctuated wildly. Wheat finished li to % cent higher, corn was to :t * cent lower, and oats was % to •"* cent lower. Unexpected strength at Liverpool, in the face of a sharp decline here yesterday, lent the market a firm tone at the opening, but when hedging pressure appeared prices slipped to beneath the previous close. September wheat at one time declined to 89’.• cents, or 11% cents under the high time last week. The selling movement, however, quickly ran its course and prices rallied around 2 cents from the inside figure, on unfavorable threshing returns from central Illinois and Nebraska. Dismal reports of from 2 to 8 bushels to the acre encouraged a mild move of buying. Some of the poorest wheat in the above sections was said to nave tested less than fifty pounds per bushel and was unfit for milling purposes. Heavy rainfall was indicated in parts of Illinois, delaying harvesting and also field work. Liverpool finished unchanged to l* cent lower for the day, when some rain was reported in sections of western Europe. Corn prices averaged lower as a result of ; ttered commission house and local sealing, but the inside figures were not maintained. Provisions were mixed. Chicago .Futures Range (Bv United Press) Wheat— Prev Open. High. Low close, close July 89% 90% .88% .89% 89% Sept 90 .91 % .89% 90% .89% Dec 91% 92% .90% .91% 91% Corn— Julv 55% .56 .54% .54% .55% Sept 57% .57% .56 .56% .57% Dec 58 .58% .56% .57% .58 Oats— Julv 40% .41 .40% .40% .41 Sept 40% .41% .40.40% .40% Dec 12 42 41'/* .41 % .42 Rye— Julv 61% .62% .61% .62 .61 % Sept 63% .64 .62 7 a .63% 63% Dec 66 66% .65% .66% .65% Barley— Julv 53 .53% .53 .53% ,55 Sept 51 .51 .50% .50% 50% Lard— Julv 6 37 6 52 .6 37 6.50 6 40 Sept 6.67 6.85 6.67 6,80 6.70 Oct 6.77 6 92 6 77 6 90 6 80 NOV 6.85 7.00 6.85 7.00 6.90 Dec 7.02 7.10 77.02 7.10 7.00 Jan 7.20 7.12 Bellies— Julv 9.37 9 37 Sept 9.55 9.55 CHICAGO PRIMARY RECEIPTS —June 22 Bushels Todav. Last Week. Wheat 1,394,000 632.000 Corn 404.000 308.000 Oats 92,000 123.000 Local Wagon Wh’at City grain elevators are paying 77 ceni,* for No. 2 soft red wheat. Other grades on their merits. OLD AGE PENSIONS IN ’33 TOTAL $100,000,000 150,00 ft Persons Receive Retirement Funds From Industry. By 'l imes Special FT. WAYNE, June 22.—Private industry, in connection with life insurance companies, paid more than $100,000,000 in old age pensions in 1933, Arthur F. Hail, president of the Lincoln National Life Insurance Company, said today in analyzing activities of other than governmental agencies in caring for the aged. Approximately 150,000 persons are receiving retirement pensions from industrial firms by which they have previously been employed, he said. The average amount received by each is about $666 a pear. In 1932 state old age pension laws were responsible for the payment of over $25,000,000 to approximately 100,000 persons. This is about one-fourth the amount paid by employers who distributed SIOO,000,000 a year to 150,000 former employes in retirement allowances. OPEN NEW DEPARTMENT Tanner & Cos. to Operate .Steel Warehouse. Announcement of the opening of anew steel warehouse department was made today by Tanner & Cos., 450 South Pennsylvania street. The company has served sheet metal workers and tinners of Indiana and surrounding states since 1878, when it was known as Tanner & Sullivan Cos. Officers of the company are Henry C. Thompson. Alex Thompson, R. A Stephens and A. C. Moore.

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