Indianapolis Times, Volume 46, Number 38, Indianapolis, Marion County, 25 June 1934 — Page 8

PAGE 8

Wall Street First of Stock Exchange Conferences Provide Little News. by * AI.FH ULMJLKbtiOT

Tim** Special Financial Writer IT is still much too early to pass judgment on the press conferences which were inaugurated late last week by the New York Stock Exchange. The first conference developed little in the way of news, but it could hardly be accepted as a criterion. Richard Whitney, president of the exchange and its spokes-

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that Mr. Whitney and his associates sincere in their efforts to take the public into their confidence. They want it to have a more friendly attitude toward their exchange, and the press conferences constitute a real and important concession to them in an effort to bring this about. The fact that his statements dur- j ing the meeting were not for quo- : tation probably was predicated more on fear of being misquoted than on a lack of desire to stand behind his assertions. Mr. Whitney was afraid that something he would say might be misconstrued. This attitude is understandable in view of the fact that Wall Street always has kept within its shell and in view of the training of its people to dot every “i” and cross every "t.” a a a UP until the time of the senate investigations few people in the country could name more than two or three of Wall Street's leading bankers. Some of their names now are familiar to almost every one—a few not very favorably so. Most of them always were friendly to newspaper men. though, and usually talked quite freely, but sel- j dom were they willing to talk for publication. The reported was obliged to preface their statements with "it is understood" or "it is reported in responsible quarters” or refrain from publishing their remarks at all. Not infrequently, also, newspaper men have spent considerable time interviewing people of importance i in the Street only to be told before j leaving. "You understand, of course, that I have been talking to you in confidence” At such times they have been "burned up.” and dually they have not returned soon again. They seldom had much personal interest in what these people had to say. They wanted a story they could print. That is what they were being paid for. a a a MR WHITNEY is a product of this school. He is regarded by his associates, however.* as being a splendid person. His close friends say he is a very human man. It may surprise him to learn, though, that most newspaper men look upon him as being very reserved and unbending. if not antagonistic. They feel he regards a smile as undignified. a laugh as postively preposterous and a "wisecrack” as an occasion for permanent banishment. Your correspondent, however, believes that after the few conferences the exchange chief will become at ease and reveal himself as his friends say he really is. Who knows but that some day he may grow to enjoy the weekly meetings and not merely tolerate them because he has become convinced they are a good thing for the Exchange? N. Y. Coffee. Sugar Markets COFFEE —Juno 22 —Santo;— High Low Close. March 10.95 10.0! 19.65 SSv 1103 10.73 10 73 Tuiv 10.25 9.94 9.94 September ............. 10.66 10 33 10.33 December ...1 10 Si, 10 55 10.57 — R ‘° — Januarv • „ „ f March *2* *■?? !?? September * !?| 22? 2’2? December 827 <93 .93 SUGAR Hieh. Low. Cios Januarr ...... ... .... 1.83 1.81 1.82 March 133 1.86 183 Mav "..1 194 191 1.94 julv ::::::::::: .... t. i2 l.fj September J„ 1 }-2 jgj In the Cotton Markets CHICAGO —June 23 H;eh. Low. Close Jarua-T 12 48 12 44 12.48 March... . 12 60 12 55 12 60 Mav ..: J 12 70 12 65 12 70 July 12 05 11 99 12 05 October ............. 12 32 12 25 12 32 December ■ 12 26 12 42 NEW YORK Januarv 12 39 12 37 12.36 March ...7. 12 53 12 47 12 49 jVj Z ... 1199 1191 1194 October 12 26 12 20 12 22 December 12 38 1. 31 12 33 NEW ORLEANS March - 12 46 1. 44 12 44 Mav 12 58 12 54 12 54 jtuv 119* 11 90 11 9 2 Octpbe- . 12 23 12 16 12 16 December 12 35 12.29 12 30 Retail Coal Prices The following prices represent Quotations from '.eadme Ir.diarapo.is coa< dealers A cash discount ot 25 cents oer ton Is allowed Domestic Retail Prices Anthracite -I Brazil lump = *? BrazJ esc i Brazil mine run 5 "2 Coke, nut size *I? •f£h*n"sorked lump .7.7/.7.V/ ‘ 5 50 £5 75 Kentucky lump • £0 Pocahontas forked .imp 9.5 P-cahonta* mine run * New River smokeless West Virginia lump $2? West Vireinia eec S ™ Island Creek . ■ 00 Extra chtrce of 50c a ton for wheelin* coaL and SI a ton for coal carried to bin.

OPERATING- NET CLIMBS Southern Pacific System Shows Huge Income for May. By 1 imn Special CHICAGO. June 25 —Net operating income as reported by the j Southern Pacific system during May j amounted to $1,925,727. This is the second largest figure since October. 1931. and doubles $979,463 reported in May last year. Net operating income for the first five months of the current year totaled $3.370381. compared with an operating loss of $2,193,397 in 1933.

SILVER. MOTOR ISSUES FEATURE STOCK TRADING Sales Volume Continues at 1924 Pace; Utilities, Oils Firm. BY ELMER C. WALZER United Press Financial Editor NEW YORK. June 25—Tradiog in stocks was at a pace prevalent in 1924 at the openmg today. Prices, however, continued firm after Sat- ; urday’s rally. Cotton and silver fu- j tures were firm. Strength in automobile issues and relative activity in silver shares sea- j tured. Utilities were steady and so were oils. Rails, mercantile issues, and foods made small gains. Minor declines were noted in some of the gold mining and copper shares. Chrysler opened at 39 %. up Auburn Auto 25 ! 2 , up 1 2 ; Hudson 10%. up % on 1.000 shares, and General Motors 31%, up %. In the mercantile division, Montgomery Ward firmed % to 27 1 2 , while Woolworth was up •% at 50 V Chesapeake & Ohio gained % to 47% in the rails. Cerro De Pasco, United States Smelting and American Smelting were in moderate demand in the silver division. During the early trading prices firmed in dull turnover. American Telephone opened unchanged at 114 % and then rose slightly. Standard of New Jersey gained in the oils. Chrysler and Hudson eased small fractions from the opening prices. Money and Exchange INDIANAPOLIS BANK CLEARINGS —June 25 Clearings 51.716.000.00 Debits 4.737,000.00 FOREIGN EXCHANGE (Bv Abbott, Hoppin & Co.l —June 23 — Close. Sterling England $5.03% Franc. France 0659% Lira, Italy 0852 Belgias. Belgium 2337 Guilder. Holland 6779 Peseta. Spam . 1318 Krone. Norway 2532 Krone. Denmark 2250 Yen. Japan 2993 Treasury Statement •Bv United Press i WASHINGTON. June 25—Government expenses and receipts of the current fiscal vear to June 22. compared with the corresponding period of the previous fiscal vear: Expenses *6.898 421.337 22 $4 992.150.962.47 Receipts 3.063.350.017 73 2.042 450.739.11 Deficit 3.835.071.319 49 2.949.700.173.36 Cash bal. 2.666.823,814.18 Investment Trust Shares (Bv Abbott. Hoppin & Co.i —June 23 Bid. Ask. American Bank Stocks Corp 1.09 1.13 American & General Sec A... 4 00 6.00 Amer & Inv Tr Sh 1.75 Basic Indusfrv Shares 3.25 British Type Inv Tr Sh .44 .50 Collateral Trustee Shares (A) 450 462 Corporate Trust Shares (oldi . 2.05 210 Corporate Trust Shares inewi 226 230 Cumulative Trust Shares .... 3.85 Diversified Trust Shares (A)... 6.25 Diversified Trust Shaes 'B' .. 755 7.65 Diversified Trust Shares iC> . 2.98 3.00 Diversified Trust Shares (D).. 4.40 4.60 First Insurance Stock Corp 87 1.00 First Common Stock Corp .. .66 .70 Fixed Trust Oil Shares (AT - 787 Fixed Trust iOl Shares (Bi 6 90 Fundamental Shares Inc 1.90 2 10 Incorporators Investments ....17 05 18.50 Land Bank Bond Shares 1.19 1.32 Low Prieecl Trust Shares 5.70 5.60 Mass. Inv Trust Shares 18.25 19.75 Nation Wide Securities 324 3.30 North Am Trust Shares (53).. 184 North Am Trust Sh 1 55-56< .. 230 2.34 North Am Trust Shares (581.. 2.28 2.32 Selected Amer Shares .... 2 50 Selected Amer Shares. Inc 1 14 1.23 Selected Cumulative Shares ... 6.39 Selected Income Shares 3.31 3.75 Std Amer Trust Shares (A)... 2.84 2 90 Trust Shares of America 2.70 2.75 Trustee Std Oil iA• 5.40 5.80 Trustee Std Oil tß' 495 5.10 U S Elec Lt & Pwr (At 12 25 12.50 Universal Trust Shaers 2.90 2.96 Daily Price Index (Bv United Pressi NEW YORK. Junr 23.—Dun & Bradstreet's dailv weighted price index of thirtv basic commodities compiled for the United Press: (1930-1932 Average. 1001 Todav 112 64 Yesterdav 11201 Week ago 112.80 Month ago 109.14 Year ago (June 24! 94.87 1934 High i June 19) 113.68 1934 Low (Jan. 3 101.05 (Copyright. 1934. bv United Pressi SEARS. ROEBUCK SALES JUMP 25.5 PER CENT Twelfth Consecutive Gain Registered in Monthly Report. CHICAGO, June 25.—Sales for four weeks ended June 18 of Sears. Roebuck & Cos. displayed an increase of 25.5 per cent over the similiar period of a year ago, marking the twelfth consecutive improvement in the company's monthly report. Gross for the fifth period totaled 525.023.393, as compared with $19.935.951 a year ago. Sales in the fourth period this year amounted to 30.6 per cent greater than the same period of 1933. Sales combined for the first five periods of 1934 aggregated $118,997,988. compared with $89,548,538 a year ago. or an increase of 32.9 per cent. PROFIT REPLACES LOSS Austin Nichols and Subsidiaries Show Income at 5266.653. By 1 imes Special • CHICAGO. June 25.—Net profit of 5266.653 was reported by Austin Nichols & Cos. and subsidiaries after federal taxes and all charges for th ar ended April 30. This contrasts with a net loss of $28,356 in the preceding year. The company's net earnings for the vear were equivalent to 98 cents a share on 125.532 no-par common shares, after allowing for dividend repirements on 28.780 of $5 prior A stock, which will be outstanding after exchange of 290 shares of old preferred issues not yet received for exchange. May Income Reported By 1 iwf# Special CHICAGO. June 25.—Net income of the Pere Marquette Company for May amounted to $77,779. after all charges as compared with a loss of $129,743 in the same month of 1933. A net profit of $499,163 was shown for the first five months.

man. and the news paper men who interviewed him were all feeling their ground. Os more i m portance than the meeting itself was the change in the big inst it ut i o n’s policy which brought the con ference about. Indi:a 1 1 on s are

Hudson Reports on Inventory fly Time* Special NEW YORK. June 25.—Hudson Motor Car Company stock on hand oh May 31. when the latest mven- * tory was taken, amounted to $4,484.000 as compared with $7,049,000 a j month previous. Week’s Bond Offierings By 1 1 mm Special CHICAGO. June 25—New bond offerings last week totaled $132,739,000. against $18,283,000 a week ago and $3,200,000 in the same w eek last year.

New York Stocks ““ — ““ 'Bv Aooott. Hoppin * Co* ————

AVERAGE STOCK PRICES FOR SATURDAY Net High. Low. Close, change. Thirty industrials 96.78 95.99 96.59 +.66 Twenty rails 44.20 43.93 44.13 +.09 Twenty utilities 23.84 23.56 23.<6 -.28 Forty bonds •••• 94.(2 —.02 Ten first rails •••• 101.30 +.Ol Ten second rails •••• 81.87 —.05 Ten utilities •••• 98.61 same Ten industrials •••• 97.11 —.04 -Up. -Off.

—June 25 Prev. Oil*— High. Low. 10 30. close. I Amerada -■ 51% Atl Rfg 25 1 * 25 Barnsdall .*% ‘ * Consol Oil JO' a J® * Cont. ot Del 19% 19% 19% 19 HHouston (newt 3% Houston (old ••• - 19 4 Mid Con tPet. ■ If’* Ohio 0:1 It % 11% Pet Cofp JO*. Phillips Pet }7 3 Plymouth Oil .. •• ••• ••• ** * Roval Dutch 3’ 4 Shell Un Soc Vac **’% is. S O of Cal > J* 1,4 S OOf N J 44 43’. 44 43% Texas Corp 23% 23 •* Tidewater Assn *2 ,a Un Oil of Cal 16% 16 Steels— Am Roll Mills 19H 19'/a Beth Steel 34V. 34 Byers AM 22% Ludlum Steel }3,a Natl Steel 40‘/a 40 Rep I <fc S 16‘a Rep I & S pfd 47 U S Pipe & Fdy 24 U S Steel 40% U S Steel pfd 2 Youngstn S &. T 21 Motors— Auburn ... ?5% 25 Chrysler 39 5 . 39Va 39 a 39 Gen Motors ... 31*/ 31 31 31% Graham Mot ... • 2 4 Hudson 10*/a 10 10 9% Macic Truck 26*. Nash I®’ 4 Packard 3 7 /* 3w Reo 31* Studebaker ’ 4 Yellow Truck 4V Motor Access— Bendix 15% 15 Via 15+2 14 * 2 Bohn Alum 334* Borg Warner ?3V Briggs 16;*? Buad Wheel 3Va Eaton Mfg 17 Elec Auto Lite 21'. Houdaille 'At 4V* Mullins Mfg 11 ••• Murray Body 3 Stew Warner 03/.o 3 /. ••• Timken Det Axel 6 7 /a 6 3 8 Mining— Alaska Jun 19V2 194'a Am Metals .... 21 3 . 22'/ g Am Smelt 42'i 42'i 42>/ 2 . 41 7 . Anaconda 15 14 3 /s 15 15 Cal & Hecla ... „ . 4% Cerro de Pasco 41Vs 41Va 41'/a 41 Dome Mines 44V 44'4 Granby 9 a Howe Sound 54 54 Int Nickel 25 Kennecott Cop. 21*a 21 7 . Mclntyre Mine 48 48'1 Noranda Cop 43 a Park Utah 4ti 4Phelps Dodge 1J /4 St Joe Lead ... 21 U S Smelters 127 127 Vanadium “1 74 Amusements— Crosley Radio Jjj.' 4 Fox Thea • „ '3 2 Loews Inc 30 3 i 30 4 Radio Corp 7'/a 7(4 7 RKO 2|. Warner Bros ... 5,. 0.2 Tobaccos — Am Tob B 75 74Ja Gen Cigars 42 41 2 Ligg & Myers B 4 Reynolds Tob B 44Vi 44'a Rails— Atchison Atl Coist Lines 39 7 38-s Can Pac I 5 I ®,, C M 4 St P ’ 3 C M & St P pfd l* Chi N W 91/ a 9 , Chi N W pfd 1?,? Del Lac & Grt Northern p 22 3 /a 22 Vi 22% j 24 3 4 111 Central Lehigh Valley 1® 3 * Lou & Nash M K & T 9s N Y Cent 29 3 ,4 29 Va N Y Chi & St L 18 NYC& St L p 32% 32 N Y New Haven 15 4 N Y Ont & West ] ? Nor Pac 24% ::: %% §4 ISS RRpfd.'::: :: "• 50% West Maryland 11 '* Equipments— Allis Chalmers . 16% 16 16 16 Am Car & Fdy 21% Am Car & Fdy p 39(4 Am Loco ••• ••• fi Am Loco pfd 33 Bald Loco 10 s /a 10% Cater Tract 27+4 27% Deere & Cos J? .* Gen Am Tk Car 31-a Gen Elec 19% 20 Int Harvester f2 a Natl Cash Reg. J 7., Pullman Inc t ’8 2 Rem Rand 10 3 / lg ? Westingh Elec 36? Worthingt'n Pmp 20 ,* Utilities — Am & For Pwr B+a 8% “iii net m;s ilk Col G a i- 1 El ltS : 13’i 13* 13-t 13* Col G & E pfd ‘8 , Ga° U . 33% 33% 33% 33% Elec Pwr & Lit ••• 5+4 5 a int TANARUS& T 12% ]2% North Amer 17 • J 7 * Pac G &E Peoples Gas 32 a 3- s Postal Tel pfd 20 * Pub Serv N J 36 4 Sol Can 16% 16% Std Gas I} 4 Sid Gas pfd 1J, 8 Stone & Webster Bt4 8 t 4 United Corp = 4 Un Gas Imp 16 a 16 4 Ut P & Lt (AT 3 * Western Union Rubbers— Goodyear ' 2 B 28% Kelly Spring ,5,7 U S Rubber 1S V U S Rubber pfd 43 Miscellaneous— Amer Can 9 ®J 2 Anchor Cap 20,2 Brklvn Man Tr 37% 37 2 Conti Can 7 ° Crown Cork 24 2 Curtis Pub “ Curtis Pub pfd 1° * Eastman Kodak 97 Gillette 10% I® 2 Glidden 24 3 4 23V Foods— Am Sugar 62 61% Armour (A) g. B Beatrice Cream'v ig* Borden Prod 26 a 26 * Cal Packing 32,2 -• Can Drv G Ale 21% Cent Bak <A> ~ 9 * Crm of Wheat 33 33 Cuban Am Sug 1 4 Gen Foods 33 Gold Dust • . 19% 1?% G W Sugar 32% 32 32 31% Tnt It . . Natl Biscuit ... 353. 35% 35% 35% Natl D Prod 17% 17% Purity Bak 13% ltd P Brand R s SUB '. 20>i 20% 20% 20% Un Biscuit ‘J 4 United Fruit ' l ' 7l Retail Stores— First Natl Stores 63% Hahn Dept Sts 5 . Kresge S S••• 18% Kroger Groc 30 2 Macy R H 41 1 Marshall Fields •••., 1* Mont Ward 27's 27% 27% 21 f I Natl Tea I 2 2 Penny J C • J®% Sears Roebuck •• 42% 42 Woolworth 50 s 4 50*2 50% 30. Aviation — Aviation Corp 6% Curtiss Wright 3% 3 * Curtiss Wright A 10% 10 Douglas Air 4% 4% Speety Corp * United Aircraft. I 9 . Wright Aero 51 2 Chemicals — Air Reduction , 9 8 Allied Chem Am Com Alcohol 34% 34% 1 Com Solvents 23% 23% Inupont 89 8?^ i Freeport Tex 32 31 . : Math Alkali 32 Montosonta Ch 48 4 49 | Natl Dis 'new 1 23 s 23% 23% 24 : Schenelev Dist 2i% 2.% Tex Gulf Sulph 33% Un'on Carbide 41% 41 . U S Indu Alcohol 40% Drugs—- ’ Cotv Inc 5% Lambert 25 2 Lehr. A- Fink 2 °% Un Drug 1?:* Zonite Prod '• 34 Financial— Adams Exp 8% Allegheny Corp 2-a Chesa Corp Transamenca 6% 6s Tr Conti Corp 4% 4% Building— Am Radiator • , |4Va Johns Manville 52-4 o 2 Libbv Owens Gls 30% 30% Household— Col Pal 15% Congoleum Kelvmator Mohawk Carijet l'% Proc & Gamle .. 35% Simmons Bed .• •• ••• ••• 1 °.

THE INDIANAPOLIS TIMES

I Textiles—- ! Belding Hem 12 Celanese Corp 25% 25% Collins Aikman 15% Gotham Hose 8 Indus Ravon 23'% New York Curb (By Abbott. Hoppin & Cos.) —June 23 Close Close. Alum Cos of Am 65% Ford of Europe 7% Am Cvanide B 17% Gen Aviation 4% Am Gas & El 26 Gulf Oil of Pa 62% Am Superpower 2% Hiram Walker . 37% Ass Gas <fc El.. % Hud Ba> Min 14 Atlas Corp 10% Humble Oil 41% Brazil T & Lt 9 Imperial Oil Ltd 14% Can Ind Ale A 10% Int Petrol 27% Can Marc 2% Natl Bellas Hess 3% Cities Serv .. 2% Penn Road .. 2% Consol Gas of B 64% St Regis Paper 3% Cord Corp • 4% Std of Ind 27 Deere & Cos .. 19% Std of Kv . 16% Distillers Lim 22% Technicolor Ind 13% El Bond & Sh 15% Teck Hughes G 6% Fisk Rubber .. 10% New York Bank Stocks (Bv Abbott. Hoppin & Cos.) —June 23 Bid. Ask. Bankers 63% 63% Brooklvn Trust 108 111 Central Hanover 127 127% Chase National 26% 27% Chemical 40% 40% National Citv 27% 27% Corn Exchange 51% 51=. Continental 13% 13% Empire . 19 19% First National 1680 1695 Guaranty 363 360 Irving • ' Manhatten & Cos 30% 30% Manufacturers 21% 21% New York Trust 106% 107% Public 33+4 34( a

Chicago Stocks (Bv Abbott HooDin & Co.i 1 1

—June 25 High. Low. 11:30. Berghoff 7 6% 7 Borg Warner .. 23% Butler Bros 9 8% 8% Chicago Corp com .. • 2 Cities Service 2+4 2 % 2’/a Commonwealth Edison- . 53% Electric Household .... 15% 15 15 Gen Household Ut 12% 12% 12% Libby McNeil 5% 5Va 5% Quaker Oats 116 115 115 Swift & Cos 17% 17% 17% Swift Internacional ... 31+4 Walgreen Cos com 27% 27 27 Zenith Radio 2 7 , 8

Bond Prices —““* Bv cenner Sr. Beane '

—June 25 High. Low. 10:30 Alleg Corp 5s ’SO ... 38 Am&For Pwr 5s 2030 . 51% 51'/a 51% Atchison gen 4s '95 . 102% 102% 102% B&O cv 4%s '6O 65% Beth Steel 5s A ’36 102 s ,a Can Pac 4s 82 ChMStP&P ad 5s A 2000 13V: 13 Vs 13Va ChMStP&P rs 5s A ’75. . 41 Cons Gas NY 4%s ’sl .104% 104% 104% Denmark 5%s ’55 ... 89(2 Erie RR rs 5s ’67 . 74 Gt Nor 7s A ’36 93% 93% 93% Interboro RT 5s ’66 ... 71 70% 70% Int T&T db 5s ’55 .... , 65 Nat Dairy db 5%s ’4B .98 97% 97% Penn RR 4%s D ’Bl.. 9 8‘/4 Poland 7s ’47 112*4 112 112 Sin Cons 6%s B ’3B 104 7 /a Texas Corp 5s ’44 103 Tob Pr NJ 6V 2 s 2022 106% Un Pac Ist 4s ’47 10 2.4 US Rubber 5s A ’47.. .. ... 86% Western Un 5s ’sl 85% U. S. GOVERNMENT BONDS (By United Press) NEW YORK. June 23.—Closing liberties. (Decimals represent thirty-seconds.) —Liberty— First 4%s (32-47) 103 4 Fourth 4*4s (33-38) 103.19 —Treasury—--4*is-3%s (45) 1081® 3%s (40-43) June }9f2§ 3%S (43) 104.28 3%s (46-49) 102.J0 3s (51-55) 101.4 FEDERAL FARM LOAN BONDS (Bv Blyth & Cos.. Inc.) Bid. Ask. 4s Nov. 1. 1957—37 100% 101*4 4s May 1, 1958—38 100+2 101+4 4%s July 1. 1956—36 100+2 101*4 4%s Jan. 1. 1957—37 100% 101% 4%s May 1. 1957—37 100+4 101+a 4%s Nov. 1. 1958—38 101% ... 4%s May 1, 1942—32 100% 101*4 4%s Jari. 1. 1943—33 100 % 101*4 4%s Jan. 1. 1953—33 100>/ 2 101% 4%s July 1, 1953—33 100+2 101*4 4%s Jan. 1. 1955—35 100*4 101+4 4%s Jan. 1. 1956—36 lOIV2 ... 4%s July 1, 1956—36 100 4%s Jari. 1. 1954—34 100 4%s July 1. 1954—34 100 ... 5s Mav 1. 1941—31 101*4 101% 5s Nov. 1. 1941—31 101*4 101+4 Home Loan 4s July 1, 1951 100.24 100.28 Federal Farm Morlgage Corporation 3*4s March 15. 1964—44 101.14 101.20 The two latter quotations are in thirtyseconds. Births Boys Isadore and Kay Cohen, Methodist hospital. Carl and Ruth Thoele. Methodist hospital. Albert and Verna Hackman, Methodist hospital. George and Alberta Wier. Methodist hospital. Frederic and Helen Martin, Methodist hospital. Frank and Catherine Workman. Methodist hospital. Clarence and Mary Lambert, city hospital. Clarence and Winifred McClanahan, city hospital. Marion and Ruby Quilter, city hospital. Robert and Katherine Brattain, city hospital. Robert and Linda Walker. 1541 Fletcher. Girls Harry and Elsa Hilgemeier. Methodist hospital. Willard and Mildred Palmer. Methodist hospital. Edgar and Dorothy Eaton, Methodist hospital. Archie and Grace Kimble. Methodist hospital. William and Edna Borgmann. Methodist hospital. Wilbur and Gwendolyn Giesseman, city hospital. John and Florence Roll, city hospital. James anc. Leona Howell, city hospital. Nicholas and Virgie Hider, city hospital. John and Rosa Sanders, citv hospital. Nathan and Neverlean Cade, city hosPi Flovd and Marv Case, city hospital. Sam and Helen Ramech. city hospital. William and Pauline Johnson. 860 Cattle Charles and Mildred Millikan, 1343 Wade Vestal and Pauline Tharp. 2260 North H William and Carrie Smiley. 1202 Maderia. Deaths William Edward Hitchcock. 55. city hospital. staphylococcic setpticaemia Mina Glanzman. 31. city hospital, acute cardiac decompensation. Gene Paul Hatmaker. 4. of 803 North Bancroft, second degree burns accidental. Albott H Engmark. 58. Deaconess hospital, uremia. .. ~ Robert H. Cline. 20. of 2012 North Alabama. acute dilatation of heart Frank Daglish. 73. of 61(0 Ralston, broncho pneumonia Samuel E. McMillin. 70. of 1324 Linden, perforated gastric ulcer. Elijah Lewis. 61. of 934 Meikel. cirrhosis ° f Ed ward Walters. 66. city hospital, fracBenjamin F Muzzy, 75, city hospital. lobar pneumonia. „ .. Svdnev C. Mendel. 49. of 3d5 North Meridian. coronary thrombosis Etta Attkisson. 60. of 1454 Blainee. Ca Kenneth M. Allbright. 20. city hospital. Ca Martt£ a riser. 60. of 3237 North Oxford. Samuel Cosner. 37. of 4000 Massachusetts. fracture of skull. | Leo Moore. 26. Long hospital, chronic nf sli r bur' Hale. 41. of 2725 East Riverside drive cerebral hemorrhage Catherine Rush 84. ol 120 West Souther Ada r Bibbs. Cl 6s° S of 527 Patterson, cardioVB p C a U r r a v r Paris* hospital, chronic myocarditis. Plumbing Permits W. C. Wischmier. 23 North Pennsylvania: ° n StronV Bros.. 102 North Sheffield: four fixtures. D H. Pierce. 1848 Peck: two fixtures J. C Smith. 849 W. Michigan; three " X Sam S Tomhason. 1259 Shelby: one fixture. Roland M Cotton Cos.. 3702 East Michigan: three fixtures Chas H Brydon. 20 North Richland; one fixture. Karl Stahl, 712 Fulton; two fixtures.

PORKERS DROP 5 TOIO CENTS: CATTLESCARCE Lamb Market Steady to Higher; Veals Remain Stationary. Slight weakness continued in practically all classes of hogs in; early trading at the Union Stock-1 yards this morning. Medium and I heavy grades were generally 5 cents j lower than Saturday’s close, while underweights held mostly steady to 10 cents lower. The bulk of 160 to 300 pounds, was selling from $4.85 to $5. Good and choice kinds were reported salable at $5.10. Light slaughter pigs, weighing 130 to 160 pounds, sold at $3.90 to $4.50. Extremely small kinds, scaling from 100 to 130 pounds, brought $3.15 to $3.65. Good packing sow’s sold up from $3.50 to $4.25. Receipts were estimated at 7,500; holdovers. 353. Steer trading was scarce and of only little interest in the cattle market, with the majority of all grades unchanged. She stock were slow and weak, while bulk of cows ranged from $2.75 to $4. Few heifers brought $3.25 to $4.50. Receipts ! were 600. Only a little change was evident in the veal market, and most kinds held steady to weak at $5 down. Receipts numbered 500. Uneven trading range featured the lamb market, with few good and choice grades around 25 cents higher and other kinds steady at last week's close. Good ewe and wether lambs sold at $9 to $9.25. Bucks were discounted sl. Receipts were 700. Few early bids on hogs at Chicago moved 10 cents lower than last Friday’s average at $5 down. Receipts were estimated at 28,000, including 8,000 directs; holdovers, .1.000. Cattle receipts were 24,000; calves, 5,000; market steady. Sheep receipts, 12,000; market unchanged. June Bulk. Top. Receipts. 19. $4.90(5: 5.05 $5.10 9,000 20. 4.95® 5.10 5 10 6,500 21. 4.954/ 5.10 5 20 6.500 22. 4 954i 5.10 5.15 8.000 23. 4.90® 5.10 5.15 1.500 25. 4.85® 5.00 5.10 7.500 Market, Lower (140-160) Good and choice . $ 4.25® 4.50 —Light Weights—-(l6o-180) Good and choice ... 4.85 (180-200) Good and choice •• 4.90 —Medium Weights—-(2oo-220> Good and choice ... 5.00 (220-250) Good and choice . 5.00® 5.10 —Heavy Weights—-(2so-290) Good and choice ... 5.05® 5.10 (290-350) Good and choice ... 4.90® 5.05 —Packing Sows—(2so down) Good 4.00® 4.25 (250 Ibs.t Good 3.75® 4.15 (All weights) Medium 3.50@ 3.90 —Slaughter Pigs—-(loo-130) Good and choice.... 3.15® 3.65 CATTLE Receipts. 600; Market, Steady Good and choice $ 6.50® 9.00 Common and medium 4.00® 6.75 (1,100-1.5001-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. 500; 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 (800-1.5001-Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts, 700; Market, Higher (Shorn Basis) Spring lambs, good and choice $ 9.00® 9.50 (90-110 lbs.) good and choice 8.50® 9.25 (90-lbs. down) com. & med . 7.00® 8.50 —Ewes— Good and choice v. 2.00® 3.00 Common and medium 1.50® 2.00 Other Livestock (By United Press) CHICAGO June 25—Hogs—Receipts, 28.000 including 8,000 directs; active. 5c to 10c lower than Friday: 200-350 lbs.. $4.90® 5; top $5.05; 170-200 lbs.. $4.50®4.90; light lights, $44/4.50; most pigs below $3.50; packing sows, $4.10®4.50; light lights 140-160 lbs., eood and choice. $44/4.60; light weight. 160-200 lbs., good and choice. $4.40®5: medium weights, 200-250 lbs., good and choice. $4.85®5.05: heavy weights. 250350 lbs., good and choice, $4.90®5.05; packing sows, 275-550 lbs., medium and choice, $3.90®4.50: slaughter pigs, 100-130 lbs., food and choice. $2.75®4. Cattle—Receipts 4.000; calves. 5.000; strictly good and choice medium weight and weighty steers steady; also steady on well-finished light and long yearlings; all lower grades 15c to 25c ower; in-between and lower grade offerings predominating in run; cutter and common cows. 10c to 15c lower; bulls and vealers about steady; most steers here of value to sell at $8 50 down to $6.25; top $10.25 paid for approximately 1.400 offerings: slaughter cattle and vealers: steers 550-900 lbs., good and choice $5.75® 8.75: 900-1.100 lbs., good and choice.s6® 9.75: 1.100-1.300 lbs., good and choice $6.75® 10.35: 1.300-1 500 lbs., good and choice. $7.75® 10.35: 550-1.300 lbs., common and medium. s4® 7.75: heifers. 550-750 lbs., good and cohice. $5.25®7.25; common and medium. $3.25®5.25: cows good. $3.75®5: common and medium., $2.35®3.75; low cutter and cutter. $1.50®2.35: bulls yearlings excluded good beef s3® 3.75; cutter common and medium $2.25®3 50; vealers good and choice. s4® 5.50; medium. $3 oO ®4: cullers and common and $2.50®3.50: stocker and feeder cattle: steers 550-1.050 lbs., good and choice. $4 50®5.50: common and medium. $3 25®4.50 Sheep.—Receipts 12 000: generally afctive and most;v steady: native spring lambs. $9®9.25; top $9.50; yearlings as yet unsold: ewes. $1 n $2 25 mostly; spring lambs good and choice $8 60® 9.50: medium. $7.25® 8 75: ewes 90150 lbs., good and choice. 51.50®2 25: all weights common and medium. $1®1.75. FT WAYNE. June 25.—Hogs—Steadv to 10c lower; 250-300 lbs.. $5; 200-250 lbs . $4.85 180-200 lbs . $4.75: 160-180 lbs.. $4 85: 300-350 lbs.. $4.75 150-160 lbs $4.15: 140150 lbs.. $3.90: 120-130 lbs.. $3.35; 100-120 lbs., $3.10; roughs. $3.50; stags. 52. Calves. $5; lambs. $8 50. LAFAYETTE. June 25.—Market. 's® 10c lower- 200-300 lbs $4 85®4.90: 160-200 lbs.. $4 60® 4.70: 140-160 lbs. 54®4.25: 120-140 lbs $3.50® 3.75- 100-120 lbs.. s3® 3.25: roughs. $4 down: top calves, $4; lambs, $7.50® 8. (By Times Special - ) LOUISVILLE June 25.—Cattle— Receipts. 650: including 76 billed direct: moderate/y active trade on slaughter classes: eariv demand from local killers only fair: sausage bulls around 25c higher than close last week: other classes generally steady; eariv bulk common to medium steers and heifers. s4"o 3.25: plain thinfleshed grassers down to around $3 early top on load 648-lb. heifers. $6: bulk beef cows $2.50*7 3.25: practical top. $3 50 with dry feds and heifer types eligible higher: low cutters and cutter cows. bu.k sausage bulls. .Stockers and feeders practically absent. Calves—Receipts, 700; vealers weak to 50c lower; loss mostly on better grades: bulk. $4 down: onlv strictly choice handrweights eligible higher Hogs—Receipts. 1.700. including 13® billed direct: market 10c lower, finished 185-275 lbs . $5: weights. 275 lbs. up. $4 30- 160-185 lbs.. $4: 145-160 lbs., $3.80: 120-145 lbs.. $2 25: sows. $2.75: erassv and unfinished hogs discounred. sPc®*l. Sheep —Receipts 3.500. including 658 stock ewes: market not established on spring lambs: seme buvers talking lower, but most sellers confidently holding for steadv prices, asking $8 25® 8 50 for bulk better truckeoin ewe and wether springers and up to 59 and above for choice long-haul and overnight lambs: rail lambs absent; fat ewes steadv: bulk. sl®2 stock ewe trade moderately active fullv steadv to strong: most stock ewes salable *5 59® 7 per heaa. Pilot, Doctor Killed in Airplane By L'nited Preset FARMINGTON, 111.. June 25. John Ryan, 28, a licensed pilot, and Dr. Thomas R. Plummer, 35, both of Farmington, were killed when their plane went into a spin near here last night.

Recovery Program Costs Governments4,3llts97,23B

Employment Provided for 4,000.000 Persons Since March. BY RICHARD L. GRIDLEY United Press Staff Correspondent (Copyright. 1934. by United Press') WASHINGTON. June 25.—The Roosevelt recovery program to date has cost the United States $4,311,'597.238 <B) op about SI,OOO for each of the nearly 4,t)00.000 persons who have been re-employed in some way since March 4, 1933, official government figures showed today. In the fifteen months sirice President Roosevelt took office, the treasury reports expenditures exclusive of the normal $3,000,000,000 annual cost of running the government. of $4,311,597,238, or slightly more than $900,000 for every day j President Roosevelt has been in office. Nearly a third of this huge sum went for direct relief of the needy, either through civil works expenditures or other direct means. The remainder went to recoverypurposes of a more indirect nature. Small Amounts Divided More than a billion dollars was poured into the banking structure and hundreds of millions poured into various government recovery and credit agencies. Smaller amounts have been disbursed to such agencies as the NRA, the Farm Credit Administration and the Agricultural Adjustment Administration. Hundreds of millions of the “recovery” money were not strictly spent, how-ever. Much of it represents “investments” of government money in various banks and credit agencies and is expected to be recovered when various loans are repaid. The relation betw-een the government money spent and the number of persons re-employed can not be accurately determined because a large part of the "recovery” money has been spent indirectly. Its effect on reducing unemployment can not be ascertained. Most of the rehired workers wr " taken by private businesses only indirectly affected bygovernment expenditures. As to whether the 4,000,000 in reemployment is in direct relation to the amount of relief money poured out of the federal treasury, it was pointed out that government experts used as a "yardstick” months ago the belief that every SI,OOO of recovery money spent by the government would put one man back to work. Spending Program Studied If this same raito could be applied to the 10,000,000 persons estimated by the American Federation of Labor to be still without work of any kind and if no regard was paid to the condition of the federal treasProduce Markets Delivered m Indianapolis prices: Heavy hens 10c; Leghorn hens. 7%c; 1934 broilers l>/2 lbs. and over. 18c: Leghorn broilers lli lbs. and over. 16c; bareback broilers. 12c; old roosters. 3c: ducks and geese. 3c: young guineas, l’/a to 3 lbs.. 20c: old guineas. 15c: No. 1 strictly fresh country run eggs, loss off 11c. 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. 28® 29c: No. 2. 26® 27c. Butterfat. 22c: Quoted bv Wadley Company (By United Press) CHICAGO, June 25.—Eggs—Market easy; receipts, 14,212 cases; extra firsts, 15%c; fresh graded firsts, 15%c; current receipts, 12%®13%c; dirties No. 1, 12%c; No. 2,11 c; checks No. 1, ll%c; No. 2. 11c. Butter—Market easy; receipts. 14,282 tubs; extra firsts (90-91%c score), 23®23%c; extras (92 score), 24c; firsts (88-89% score), 22®22%c; seconds (86-87 1 2 score), 21® 21%c; specials. 24%®25c; standards. 24c. Poultry—Market, steady; receipts, 23 trucks, 2 cars dilfe; hens, 12%®13%c; broilers. Leghorns, 16® 17c; Plymouth Rock, 21c; fryers, colored. 19c; White Rock, 20c; Plymouth Rock. 21c; springers, 21®22c; spring geese. 13c: turkeys, 14c; fryers, coTorea. 19c; White Rock. 20c; Plymouth Rock, 21c; springers, 21®22c; spring geese, 13c; turkeys, 14c; ducks, heavy spring, 14%c; Leghorns, 10c,' old roosters, B%c: colored broilers. 20c. Cheese —Twin, 13%®13%c; Longhorns, 13%®14c; Daisies, 13%@14c. Potatoes—Old stock, supply moderate; demand and trading light: market, dull; Idaho russets, $1.20; Washington russets. $1.25. New stock, supply moderate: demand and trading moderate; market steady; Arkansas triumphs. $1.50+/1.70; slightly decayed. $1.20® 1.40; Alabama triumphs; slightly decayed. $1.20; Mississippi triumphs, slightly decayed. sl.lo® 1.35: Texas triumphs. $1.50; Oklahoma cobblers, $1.35; Arkansas cobblers. $1.20; North Carolina triumphs, $1®,1.25: barrels, $2®2.30. Arrivals, 104; on track, 337; shipments Saturday, 950; Sunday, 39. CLEVELAND. June 25.—Butter—Market steadv; extras, 28c: standards, 28c. Eggs —Market, steady: extra white, 15c: current receipts, 14%c. Poultry Market steady: colored fowl. 6 lbs. and up. 15c; broilers, colored. 22®23c; old roosters, 9c; ducks, white, 5 lbs and up. 14® 15c. Potatoes—North Carolina, best, mostly $2.25 per bushel. NEW YORK. June 25.—Potatoes— Steadv; southern. sl®2 bb!.; Maine. $1 ®2.25 bbl. Sweet Potatoes —Steadv; Jersey, basket. 60c®2.25: southern, basket, $1.40® 1.50. Flour —Quiet: springs, patents. $7.15® 7.40 bbl. Pork—Firm; mess, sl9 bbl. Lard —Firm: middle west spot. $4.30%4.40 per 100 lbs. Dressed poultrv—Quiet: turkeys, 12%®27c: chickens. 8® 12c; broilers, 20® 29c: capons. 25® 35c; fowls. 11® 18c: ducks, 13® 14c; Long Island ducks. 13® 15c Live poultrv—Dull; geese. 6® 10c; turkevs. 11® 19c; roosters. 10c: turkevs. 11® 19c; roosters. 10c; ducks. B®l3c; fowls. 15 ®18c; broilers. 14® 26c. Cheese —Steadv: state whole milk fancy to specials. 18® 19c Butter—Receipts. 8.631 packages: market, steadv: creamery, higher than extras. 25%®26c; extra (92 score). 25c: first <9O- - score). 24%@24%c; first (88-89 score). 23%®24c: seconds. 22%®23c; centralized (90 score). 24%c; centralized 188-89 score'. 23%®24c: centralized (84-87 score). 22% ® 23c. Eggs—Receipts. 16.928 cases: market. steady; special packs, including unusual hennery selections. 19® 22c; standards. 17%® 18%c; firsts. 16%c; seconds. 15® 15%c: medium. 14 %c: dirties. 14%c; checks. 13%®14c: storage packs. 17c. On Commission Row —June 25 —Fruits— Anples—Fancv Delicious. $2.65: Transparents. s2® 3.25. Blackberries—24-qt. crate. $2.25. Cherries—Home grown. 16-at. crates, $1.60. Oranges—California. Sunkist. $5.50® 5.75: Valentias. 55.50®5.75. Lemons—Sunkist. $6.50. Grapefruit—Florida seedless. $4.25. Strawberries —Home grown. 24-at. crate. $2 50®3. Raspberries—Southern Indiana black. 24pt. crate. 52: red. s3® 4. Cantaloupes—California jumbos, 455. $4: standards. $3.75; Honevdews. $2.75. Pears—Calavos. $3 50 per box. Watermelons—Florida Watsons. 30-lb. average. 75c Bananas —Per pound. sc. —Vegetables— Sweet Corn—Alabama. 5-dozen crate. *1.65. , „ Cabbage—Home grown, bushel 65c. Celerv—Michigan, flat lK>xes. $2 25; medium, doz.. 90c. . Onions —T~sas yellow. 50-lb. bag. $1 90. Potatoes—Northern round white. 100-lb. bag. $ .60: North Green Mountain. $1.75: Colorado McClures. $1.65: Idaho Russets. 100-lb. bag. $2: new Texas Triumphs. $1 70. Sweet Potatoes—Tennessee Nancv Hanks, hamper. $2.40. Beans—Round, stringless. *1.50. Beets—New. 30c a dozen. Carrots—California. 6-dozen crate. *3 25; home grown, doz.. 35c. Cauliflower—Home grown, bushel. SI <5. Lettuce—Outdoor. 15-lb. basket. $4; iceberg best. $4 a crate. Peas—lndiana. $2.50. Radishes—Home grown buttons. large bunch. 35c. Rhubarb—Home grown, dozen. 30c. Spinach—Home grown, bushel. 3ac. Tomatoes Hothouse. 10-lb. basget. SI: original Texas, 30-lb. lug. $1.50. CHICAGO FRUIT MARKET (Bv United Press) CHICAGO. Jure 25—Apples—Michigan Spies S2 25 bushel: Illinois Transparents, S3 25® 2.65 bushal. Carrots—California. $2 25® 240 crate Cucumbers busnel $1253 1 50. Beans—Southern green. sl®, 135 bushel; Illinois Green. 50®75c 1% bushel'. Tomatoes—Texas. $1®1.25 lug box; Mississippi. *l.lo® 1.15. Sweet Potatoes Tennesssee. *1.70® 185 bushel hamper. Mushrooms—lllinois. 10® 35c. lb. cartons. Asparagus—lllinois. 40® 60c box. Strawberries— Micnigan. $1.25®2.50: Wisconsin. $1 50®2 50 (16 auartsi. Peaches— Georgia. 75c® *1.25. % bushel. Red Raspberries—Ulindis. *1.50®2.50. Onion market: 50-lb. sacks'—Texas whites (140® 1.50; California, yellows. *1.3531.40.

ury, a $10,000,000,000 spending program might conceivably put everyone back to work. Acting possibly under this theory, expenditures in excess of the last sis .n months are now planned by the federal government under huge appropriations of funds made by the last congress. It is predicted in some quarters that the treasury, with the beginning of the fiscal year 1935 on July 1, might approach a spending program of a billion dollars a month, of which only $250,000.000 is needed for operating expenses of the government.

CURRENT SALARIES ABOVE J 913 LEVELS Present Rates 14 Per Cent Below Peak Wages. By Times Special BOSTON, Mass., June 2. —Current wage scales compare favorably with rates paid in various years since 1913, according to the United Business Service of Boston. In comparing present wage scales with 1913, actual wage rates are now 83 per cent above those prevailing before the war. The cost of living at present is only 39 per cent higher than it was in 1913, the service states. Current wages are now 14 per cent below the peak levels registered in the post-war inflation boom in 1920, but the cost of living, according to the service, is now 36 per cent less than it was then. Compared with the all-time peak of wage rates recorded in September, 1929, when salaries were 229 per cent of the 1913 level, present wage scales are 20 per cent lower, but the cost of living is 23 per cent less. Average wage scales are now 10 per cent above the depression low levels in effect in the early months of 1933, the service states. Although this has been matched by a corresponding increase in the cost of living.

Cash Grain

INDIANAPOLIS —June 23 — The bids for car lots 01 grain at the call of the Indi -apolis Board cf Trade, f. o. b.. shipping point, basis 4IV2C New York rate. were. .. WHEAT—Strong- No. 1 red. 85®86c: No. 2 red. 84® 85c: No. 2 hard. 84® 85c. CORN— Strong: No. 2 white. a6®s7c: No. 3 white. 55® 56c: No. 2 yellow. 52%® 53%c: No. 3 veliow. 51+2®52%c: No. 2 mixed. 51+ 2 ®52%c: No. 3 mixed. 50%® 51 0~ATS—Strong: No. 2 white. 39@40c: No. 3 white. 38®3yc. Local Wagon Wheat Citv gain levators are paying 80 cents for No. 2 soft red wheat. Other grades on their merits. (Bv United Press) CHICAGO. June 23.—Cash grain: Wheat —No. 1 hard. 94%c; No. 2 hard. 95*4c. Corn—No. 2 mixed, 58%c; No. 1 yellow, 58%c. lake: No. 2 yellow. 59®59%c; No. 2 white. 61%®63c. Oats—No. 3 white. 42c. Bariev—Quotable. 55cf51.01. Clover seed —510.25® 14.50. Timothy—s9.2s®9.so. Cash provisions: Lard, $6.65; loose. $6.12; leaf, $6.12; bellies, $9.57. TOLEDO. June 2?.—Grain close: (Grain in elevators, transit billing.) Wheat—No. 2 red. 95®96c. Corn—No. 2 yellow. 61*2 ®62%c. Oats—No. 2 white. 47® 48c. Rye —No. 2. 69%®'70c (Track prices 28%c rate.) Wheat—N/. 1 red. 91%®92c: No. 3 red. 90%®91c. Corn—No. ” yellow. 57® 58c: No. 3 veliow. 56®57c: No. 4 yellow. 55®56c. Oats—No 2 white. 44®45c: No. 3 white. 43%®44%c. Seed close: CloverCash. $8.25 Alsike—Cash. $8 50. BALDWIN LOCO REPORTS BUSINESS GAIN IN MAY Orders Received Total §2,341,000 During Month. By Times Special CHICAGO, June 25.—The most favorable business month in more than three years was reported by the Baldwin Locomotive Works during May. Orders received during the month totaled $2,341,000, as compared with $1,694,000 in April and $732,000 in May, 1032, an official survey shows. For the first five months of the present year orders amounted to $9,982,000, against only $2,771,000 in the same period of last year. The company’s backlog was increased by $1,056,000 during the month. Unfilled orders in May amounted to $8,917,0000, compared with $4,358,000 on Jan. 1 and $2,640,000 as of May. 31, 1932. AMERICAN DOLLAR EVEN British Pound Remains at §5.03)8 on London Market. By United Press LONDON, June 25.—The dollar remained steady today. The pound was $5.03%. Gold remained at $34.77 a fine ounce with the sterling rate 138 shillings 1 penny. PARIS. June 25.—The dollar was steady today with the franc at 15.16 to the dollar 16-596 cents a franc). Chrysler Shipments Rise By Times Special NEW YORK, June 25.—Passenger and commercial cars of the Chrysler Corporation shipped overseas during the first five and one-half months of the year were 229 per cent greater than the same period of 1933. Florida Constructions Up By Times Special ORLANDO, June 25.—Construction awards in Florida for the first four months of the current year amounted to $23,851,200, compared with $3,373,000 in the like 1933 period. Steal Clothes From Parked Car Thieves broke into the parked car of George Reichel of the Antlers, at Capitol avenue and Market street yesterday and stole clothing valued at SBO.

Abbott, Hoppin & Company 203 Continental Bank Bld’. Riley 5491 '" di —* P £ MEMBERS: New York Stock Exchange Chicago Board of Trade New York Curb Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Curb Exchange New York Produce Exchange Commodity Exchange. Inc. New York Coffee and Sugar Exchange, Inc. Chicago Mercantile Exchange Co-Managers James T. Hamiil Kenneth K. Woolling

JUNE 25, 1934

MAJOR GRAINS WEAKEN UNDER EARLYSELLING Reports of Beneficial Rains Over Northwest Area Bearish Factor. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. June 25.—Reports of beneficial rains over parts of the Canadian and American northwest and weakness in Liverpool brought sellers into the wheat pits at the opening of the Chicago Board of Trade today. Wheat started % cent to 1% cents lower, corn % cent higher to % cent lower, oats was unchanged to off ' 2 cent, and rye was off % cent to % cent. Meanwhile the statistical position in the local pits remained extremely bullish with the trade still concerned over the Broomhal report of sharply reduced production in Europe. Chicago Futures Range —June 25 Prev. Wheat— High. Low. 10 00 close. Julv 92% .91% .91% .92% Sept 93 .92% 92% .93% Dec 94% .93% .93% 94% Corn— Julv 56% .55% 55% .56% Sept 58% 57% .57% 58% Dec 59% .58% .58% .59% Oats— Julv 42% .41% .41% 42% Sept 42% .41% 41, 42% Dec 43% .42% .42% .43% Rye— Julv 65% .64% .65% .65% Sept 67% .66% .66% 67 Dec 69% .68% .69 69 Barley— Julv 55 Sept 53% .52% .52% .531 % CHICAGO PRIMARY RECEIPTS —June 23 —Bushels— Todav. Last week. Wheat 1,438.000 576,000 Corn 436,000 344.000 Oats 64,000 420.000 ILLINOIS EMPLOYMENT AGAIN SHOWS ADVANCE May Figures Increase 2.1 Per Cent Over Previous Month. By Times Special CHICAGO, June 25—For the fourth consecutive month employment in Illinois showed an increase during May, according to the Illinois department of labor. The advance amounted to 2.1 per cent over the previous month. Pay rc'.lj resuming their advance were around 4.5 per cent higher for the month, the survey stated. The figures were based on reports of 3.835 concerns which employed 417,709 workers during the month, and paid out $9,172,208 in wages. In comparison with the corresponding month of last year the employment level is around 25.9 per cent higher. Exceptions to the general rise were marked by the textile, clothing and millinery groups. Practically all other groups showed favorable improvement for the month. A. & P. INCOME DROPS Net Profit for Fiscal Year Ended Feb. 28, Totals 820,478,1.90. By Times Special CHICAGO, June 25.—For the fiscal year ended Feb. 28, net income of the Great Atlantic & Pacific Tea Company amounted to $20,478,190, against $22,732,722 in the preceding year. This is equivalent to $8.94 a share on the common stock, against $10.02 a share in the preceding period. Holdings of the company at the end of the fiscal year amounted to $96,642,096 in cash, United States government and other marketable securities, against $99,109,691 at the end of the previous year. Statempnt of Condition of the LIBERTY NATIONAL LIFE INSURANCE CO. Birmingham. Alabama. Avenue C and 20th Street. On the 31st Dav of December, 1933. ROBERT P. DAVISON. President. RALPH W. BEESON. Secretary. Amount of capital paid up $ 206,575.00 NET ASSETS OF COMPANY Cash in banks (on interest and not on interest) $ 105,831 38 Real estate unincumbered . ■ 443.776.38 Bonds and stocks owned (market value) 545.789 28 Mortgage loans on real estate 576,994.77 Other securities—policy loans 603.172 88 Collateral loans 3.749.314' Premiums and accounts due and in process of collection 58.096.28 Total net assets $2,337,410.18 LIABILITIES Reserve or amount necessarv to reinsure outstanding^ risks $1,765,584.00 Losses adjusted and not due (Installment) 38.515.29 Losses unadjusted and in suspense 20.596 98 Bills and accounts unpaid ... 11.218.93 Other liabilities of the companv ii4.7d7.DJ Total surplus i80.1e2.41 Total $2,337,410.16 Greatest amount in anv one r j ß fr $ 60.000.08 Greatest amount allowed bv rules of the company to be insured in any one city, town or village No Greatest amount allowed to be insured in any one block • No limit Life companies—Maximum risk written No limit Amount retained by company.® 5.000.08 STATE OF INDIANA: Office of Commissioner of Insurance. I. the undersigned. Commissioner or insurance of Indiana, hereby certify tha% the above 1* a correct copy of the Statement of the Condition of the above mentioned Company on the 31st day or December. 1933. as shown bv the original statement, and that the said original statement Is now on file in this office. In Testimony Whereof. I hereunto subscribe mv name and affix mv official seal, this 4th dav of Mav 1934 „ „ rSeall HARRY E. McCLATN. Commissioner.

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