Indianapolis Times, Volume 46, Number 39, Indianapolis, Marion County, 26 June 1934 — Page 10

Wall Street Bonded Debts in Nation Drop 22.3 Per Cent Since 1928. * 81 RAUCH HLNUUSUUI

Timm Special Financial Writer bonded indebtedness in the Uni’ed States has dropped 22 3 per cent since 192* a Moody s Inv#s*ors Service analysis discloses. The total at the end of 1233 was $2,156 000.000. as contrasted with *2 734 000 000 five years earlier. The debt decline since 1329 was 14.9 per cent.

Hendershot

dropped a great deal more than j have the debts outstanding against j them. Thus means, of course, that from a standpoint of solvency our corporations are much worse off than they were In 1928. The debt picture presented by J Moody's also does not reflect debt i conditions completely. It deals only j with funded debts. Most corpora -i tions have had bank loans of one sor* or another during the last five years, and if the facts were known concerning them they probably would show a much larger per.rentage, of reduction than have the funded debts. Being short-teb-m, thev come lip for consideration much faster than do bonds, and the banks have been none too lenient with renewals. n m a MOREOVER, our corporations are in a much better position from a solvency standpoint than they were in the early part of 1933. Their properties have increased in value by reason of their large earning power. Their reproduction cost also would be greater now than it was then. And the upturn which has taken place In business would make them much more salable than they were when the depression was at its worst. They are still far from being comfortably situated, however. Most of them have bond maturities coming along, and unless the market improves and investment bankers are more willing than they are now- to risk underwritings under the new securities act. they may have their hands full. The government may help some in an emergency, but it can not be pxpected to do the major Job of refunding. Dispatches from Washington recently stated that the Reconstruction Finance Corporation had begun to make loans to industry. But it is not loaning more than $500,000 to any one company, and that, of course, is but a drop in the bucket where some of the larger maturities are concerned a a a IN all probability investors will be obliged to agree to extensions of bond issues in a great many instances during the next year or so. In most cases, perhaps, offers of part cash and part new bonds will be. made. The government may help to provide some of the cash. It is to be hoped that our corporations will.make a determined effort to reduce their funded debts I during the first few years of trade recovery. We have had all too many ‘ reorganizations” in the past because of excessive debts, and there was no reason why some of the profits made during the last, boom period could riot have been used to bring debts more nearly into line with safer business practices. N. Y. Coffee, Sugar Futures —June 35 COFFEE —Silt**— March 172 11* W.M Mv ios tars la.sa .Tulv . 99* 99 41 941 September I*4* I*** l*.fl* December 19.11 1014 10.16 —Fie— January ........... .. 197 7,6* 7 6* March - *Ol 770 7 70 Mar 7 *0 September 7.96 7.55 755 December *.05 7.61 7.61 SUGAR Hich. tew Close Januarc 1 S3 I*o I*o Mirth 1 *9 l W 1 Mar 1 96 1 90 1 90 .lul- 1 *6 1 64 1 61 September 173 J.J* J £ December I*l 179 1-W In the Cotton Markets —.tune 25 CHICAGO High Low. Close Januarc ............. 13.42 12.52 12.62 Mareh 12 76 12 63 12 74 jrilv " 12 1* 12 05 12 16 October ....... ■ 12 49 11.33 12.4* NEW YORK January •- IJSI 12 43 11 ss March 12 6* 12 52 12 6* mlt 12 76 12 62 12 72 Ji.lv 13 13 119* 12 12 October 12 4 2 12 27 12 40 December 12 51 12 3* 12 50 NEW ORLEANS January 12.53 12 40 1? 52 March 12 63 11 >1 11*3 Mir- 12 73 12 60 12 73 rule 12 10 11 37 12 09 October 12 37 12 23 12 36 December 12 49 12 35 13 4* Retail Coal Prices The following orlce* represent qiio*a-t-ens from leading Indianapolis coa! dea - ers. A cash discount of 25 cents per ten is allowed. Demesne Retail Ertcee Anthracite *l*2! Bran lump ‘J Branl eg* ? Brazil mine run 59 Coke, nut site Jh: Coke, egg sir# * Indiana forked luma 5 sOTS O Indiana ear SOO ®S*S Kentucky lump * "J Pocahor.ta* lump *js Pocahontas egg ... • Pocahontas forked .umn J 25 Pocahontas mine run < Nw River smokeless * Ij West Virginia lumo J • * Wst Virginia egg * Island Creek 700 Extra charge of Mc a ’or for wheeling eoaL and *1 a ton for coal earned to bin. CORN GRIND DECLINES L\ S. Refiners Report 3* Per Cent Drop During May. By Time# Spectal CHICAGO. June 26—Com grind es eleven leading refiners in the United Suites during Mav dropped 39 per cent, aggregating only 5.911 - 757 bushels as compared with 8.617.299 bushels in the similar 1933 month. Reports for the first five months this vear show a total grind of 24349 POO bushels, a decrease of 22 per cent from the total of 31.415.00 C bushels in the first five months last year.

ATCHISON LEADS STOCK LIST TO HIGHERLEVELS • Issues- Show Gains Ranging to 3 Points; Mining Shows Strong. RV EI.MFR C- WAL7.FR t eiled Freaa Staff Cerrevnandent NEW YORK. June 26.—Declaration of a $2 dividend by directors of Atchison Topeka Ar Santa Fe railroad, the first dividend since June 1. 1932, brought, strength into the stork market today under leadership of the rails. Rumors had been heard that favorable dividend action was coming from directors of the western road | and Atchison stock had advanced steadily through the firm and dull session. After declaration of the dividend the stock ran up to 60 * for 2'. gain, and brought fairly heavy trading into most rails. New York Central was up more than a point and Baltimore & Ohio gained almost a point. This brought firmness info the entire lust. United Steel, whith had field fractionally higher despite the i advance of steel production figures] announced yesterday, ran up to 30% ! for 1% points gain. Chrysler gamed more than a point. Du Pont jumped j more than 2 points to around 91. i Mining issues continued strong, U. j S. Smelting showing almost 3 points' gain, while fairly active buying sent i sugar stocks up Money and Exchange IN DIANA POI.I* BANK CLEARINGS —June 2*— Clearing* $1.763.000.00 Dehl’’ .. .. 5 00* 000 00 FOREIGN EXCHANGE 'Bv Ahbort. Hnonin At Cos.) —June 26 Clove Sterling England *5.03% ; Franc Prance . 0655.34 ' Ur*. Italv . .0854 Belgian Belgium .2337 ( Mark Germany 3657 j Peseta. Spain 1367 Krone Norway 2527 Krone. Denmark 2247 j Treasury Statement 'By United Pressl WASHINGTON. June 26—Government expenses and receipts of the eutren* fiscal vear to June 23. compared witrt the corresponding period of the previous fiscal year; This vear Last vear Expenses $6,913,439.926 00 $6.006 912.045.17 Receipts. $3 06* 964.420 72 $2,048,154,927.62 Deficit . *3.844.475 496 2* $2,958,757,117.55; Cash ba lance $2,656,800,692 Q 6 Investment Trust Shares (By Abbo’t. Hoppin & Cos.) —June 36 - Bid Ask. American Bank Stocks Corp 1.10 1.14 j Amer At Gen Sec A 450 6.50 ! Amer At Inv Tr 8h 1.75 .... I Basic Industry Shares 3 28 British Type Inv Tr Sh .... 44 .50 ; Collateral Trustee Shares A.. 4.52 “4.62; Corporate Trust Shares ioid' 2.06 2.11 j Corporate Trust Shares mewi 2.29 2.32 1 Cumulative Trust Shares .. 3.91 .... Diversified Trust Shares iA).. 6.25 Diversified Trust Shares ißi .. 762 7.75 t Diversified Trust Shares •Ct . 2.99 3.03 Diversified Trust Shares iDI . . 4 45 4.55 First Insurance Slock Corp ... 87 1.00 j First Common Stock Corp ... 64 .70! Fixed Trust Oil Shares iAi... 7 87 ....I Fixed Trust Oil Shares tpt.... 6 87 Fundamental Shares Inc 1:90 2.10 j Incorporators Investments .. 17 05 18.50 Land Bank Bond Shares 1.20 1.33 Low Pirred Trust Shares 5.72 5.80 Mass Inv Trust Shares . .. 18 40 20 00 Nation Wide Securities . 324 3.30 North Am Trust Shares 's3> 1 88 North Am Trust Shares i55-56i 2.32 2.35 North Am Trust Sh ‘SB • .... 2.30 2.35 Selected American Shares ... 2.50 Selected Amer Shares Inc ... 1.14 1.23 Selected Cumulative Shares... 639 Selected Income Shares 3.31 3.75 Std Amer Trust Sh iAi 2.86 2.90 Trust Bhares of America 2.65 2.75 Trustee Std iOl (Ai 5.55 570 j Trustee Std iOl 'Bi 5.00 5.12 U S Eler Lt Ar Pwr iAi 12.25 12.50 Universal Trust Shares 2.96 3.00 ! Daily Price Index ißv United Press i NEW YORK. June 25 —Dun At Brad- ! street s dailv weighed prire index of thirty i baste commodities compiled for the United Press 11930-1932 average. 100$ r Todav 112.70 Saturday 112.64 Week ago 113.44 Month ago 109 70 Year ago ijtine 26> 97 34 1934 high 'June 19t 113 6* 1934 low iJan 3 ... 10105 • Copyright. 1934. Dun At Bradstreet. Inc.) New York Bank Stocks (Bv Abbott. Honnin & Cos.) —June 25 Bid. Ask. 1 Bankers 62% 62% ■ Brooklyn Trust ... 107 110 | I Central Hanover 127 127’* i Chase National .1 26% 26-% j Chemical 4040% ! National Citv 26% 27 Corn Exchange 50% 51% | Continental 13% 13% j i Empire I*% U% I 1 First National 1 680 1.690 1 Guaranty .. 361 363 1 Irving 16% 1t6% Manhattan At Cos 30% 30% Manufacturers 20% 21% New York Trust 106 106% • Public 33% 34%

A great many people 1 are likely to i wax enthu-] elastic over this cut in the debts. To pay off $6lB,- I 000.000 in five j years is a no- j table achieve- j ment. But the value of our corporatej properties al- ; so has declined sharply during that j period. They , probably have j

Bright Spots ■" < Bv Abbott. Hoooin * Co.l - ■

Stocks of crude rubber In London on , ‘ June 23 'otaled 44.157 tons, an increase 1 of 448 tons over he previous week. United Gaa Corporation and snbaidiarie* in twelve montna ended Mav 31 had a net arofit of $3,471. <53 alter all ehartea a compared with *3.706. la;t in the nrevinna twelve months. Illinot, Centra] System Mav ner operanr.g income totaled $905 253. against *l.448.116 in Mav. 1933. Ner, operating tn- ! come for the first five months this year amounted <o *5.547 570 as comoared with $5,480 102 in the corresponding period a vear ago. EMPLOYMENT. PAY ROLL ADVANCE 30 PER CENT Additional Workers Hired by Illinois Central in Modernitation Plan. Bv 1 ’me* Speetal CHICAGO. June 26.—An increase of 30 per cent in the number of employes and a corresponding increase in pay roll over the same period of 1933 is reported by the Illinois Central system, due to increases in passenger and freight transportation as well as the construction and improvement of the; railway plant. The building of bridges across the . Mississippi river floodway nlar New ; Orleans is providing a year's em-! ployment for approximately 2.500 j men. Sixty per cent of these men are employed on the bridge sites, and 40 per cent of them are in the, supply industries that furnish material for these projects. An additional 2.500 men are being employed in the railwav shops, where extensive repair and modernisation of rolling stock, both passenger and freight is being done. The laying of new rails and ties and changes in connection with the signal system are providing work for another 500 men. K Sugar Melt Declines By Ttmes Special CHICAGO. June 26—Total melt of thirteen leading sugar refiners in the United States during the period from Jan. 1 to June 16 was 1.605.000 long tons, as compared with 1.160.000 long tons in the corresponding 1933 period.

New York Stocks ————— Aoboit. Hoppin * Cos.)

AVERAGE STOCK PRICES FOR MONDAY Net High. Low. Close, change. Thirty IndoMriah 87.03 95.49 95.79 -.* Twenty rail* 44.1 Z 43.50 43.85 —.48 Twenty utilities 23.91 23.51 23.81 —.15 Forty bond* .... 94.73 —.Ol Ten first rails •••• 101.31 - .01 Ten second rails .... •••• 81.87 game Ten ntilities .... *•** -.81 Ten indnstriais .... 97.12 —.Ol - Up. —Off.

- June 2# - p / ,v Oils— High Low Close close. Amerada 50 49% 49% 50 A'l Rfg 25% 25 25% 24% Barnsdall 7% 7% 7% 7% ! Consol Oil 10% 16% 10% 10% Cont of De! . 19% 19 19% 19% Houston inew . 3% 3% 3’. 3% Rous’or 'old'. . 19 s * . Mid Cont Pet . 13 12% 12% 12% Ohio Oil . 11% 11% 11% 11% Pet Corp .. 10% 10% 10% 10% Phillips Pet . . 17% 17 17% 17% Plymouth Oil .. 12% 11% 12% 11% Pure Oil 10 9% 10 9% Roval Dutch ... ... 35% Sbd Oil . • ... 32 Shell Un 8% 8% 8% 8% Skeliev Oil . . • 9% Soc Vac 16% 15% 16% 15% j SO Os Cal 35 34% 34% 34% ! S O of Kan ... . 37 37 S O of N J 44% 43 44 43% Texas Corp . 24 23% 23% 23% Tidewater Assn. 12% 11% 12 12 I Un Oil of Cal .. 16% 15% 16% 15% Steels— Am Roll Mills .. 19% 18% 19% 18% Beth steel 34 32% 34 33 Bvers /l M 22% 22 22% 21% Cos! Fuel At Iron 5% Crur Steel .... . 22% ... Ludlum Steel 13% 13 13% . McKeesport Tin 87% 87% Mid Steel . . 11% Natl Steel 40% 4040 % 40 Otis Steel . . 4% Rep Iron At Steel 163, 16 16% 16 Rep Iron At St! p 46 45 46 45 U S Pipe At Fdy 24% 24 24% 24% U S Steel .. 40 38% 40 38% U 8 Steel pfd . . . .. 85% 84% Warren Bros .. 9% 9% 9% 9% Youngstn S & 21 20% 21 20 Maters— Auburn 25% 24% 24% 24% Chrysler 40% 38% 40% 38% Oen Motors . 31'% 30% 31% 30% Gen Motors pfd 102% 102% 102% #102% Graham Mot ... 2% 2% 2% 2% Hudson 10% 9% 10% 9% Hupp 3% 3% 3% 3% Mack Truck .. . 26% 26% 26% . Nash 16% 16 16 16% Packard . 3% 3% Reo 3% 3% 3% 3% Studebaker .... 4% 4% 4% 4% j Yellow Truck ... ♦% 4% Meter Accessories— Bendix 15 14% 15 14% | Bore Warner... 23 % 22% 23% 22% Briegs .... 17% 16% 17% 17 Budd Wheel .. 3 \ . Eaton Mlf 17 16% 17 17 Elec Auto Lite 21 % 20% 21 ’% 20% Houdaille 'A” 4 4% Mullins Mfg 11 Mullins Mfg bfd 32% 32% Murray Bodv 7 8% 7 6% Stew Warner .. 6% 6% 6% 6% Timken Roll 31% 29 31% 29 Timken Det Axel 6% S% Mning— Alaska June ... 20% 219% 20% 19% Am Metals 22% 21% 22 21% Am Smelt 42% 41 42% 41 Anaconda 15% 14% 15 15% CFal As Hecla 4% 4% 4% Oerro De Pasco 42 40% 42 40% Dome Mines .... 45% 43% 45% 43% Granbv • 9Va Homestake Min 400% 388% 400 % 385V* Howe Sound ... 54% 52 54% 51% tns Copper . 4 % . Int Nickel 25% 25% 25% 25% Kennecott Cop . 21% 20% 21% 20% Mclntyre Mine - 48% 47% 49% 47% Noranda Cop . 43% 43 43% 43 Park Utah ... 4% 4% 4% 4% Phelps Dodge 17% 16% 17% 17 St Joe Lead 21% 20% 20% 21% U S Smelters . 129 125 129 125% Vanadium .... 21% 21 21% 21% Amuse merits — Croslev Radio ... 15 15% Fox The a 13% 13 % Loews Inc .... 30 20 % 29% 29% Radio Corp .... 7’4 7 7% 7% RKO 2% 2% Warner Bros ... 5% 5% 5% 5% Tobaccos— • Am Snuff •• ." 58% Am Sum Tob ... .. 18 171% Am Tob A' .. . 73% 72% 73Vi 72% Am Tob B 77% 74% 77% 74% Gen Cigars . 42% 42 Ligg Ac Mvers B’ 97 % 95% 97V* 95% Lorillard 18% 18 18% 18% Reynolds Tob B’ 46% 45% 46% 45% Rails— Atchison 60 V, 57% 60 % 57% Atl Coast Lin es 40% 39 40% 35% B At O 24 23 24 23' . Can Par 15 14% 15 14% Ch At Ohio ... 48 47 4* 47 Chi At Gt W 3% 3Vi C M At St P 4% 4% 4% .. C M At St P pfd 8 7% 7% 7% Chi N W . . 9% 9 9% 9 Chi N W pfd • 17 16% De! Lac At W . 23% 22% 23% 22% Erie 78% 18% Erie Did 25 24 24 Grt Northrn Dfd 23% 21% 22% 21 % 111 Central .. .25% 23% 23% 24 Vi Lehigh Valley .. 16 IS 16 14% Pou At Nash ... 52 50% 52 M K At T 9% 9 9% 9% MKAt T Dfd . . 23% 23% 23% .. Mo Pa.e 3% Mo Pac ofd * 6 N Y Cent 30% 28% 30% 29 N Y Chi At St L • 18 N Y ChiAtSt L Dfd 32 30% 32 31% N Y New Haven 15% 14 s * 115% 14% N Y Ont At West 7% Nor Pac 25 24 25 23% Penn R R . 31 30V* 31 30% Reading 51 50% 50% . - Sou Pac 24% 23 24% 23 Sou R R ... 25% 24% 25% 24% Sou R R pfd .. 30Vi 30 s * 32% Union Pac ... 133% 122 123*/, 122 Wabash ... ■ J 3 1 '* West Maryland . 12% 11% 12% Equipment*— Allis Chalmers IG% IB 5 * 13*4 Am Brake Shoe Am Car Ac Fdy . 21% ••• Am C A Fdy pfd 40’2 39U 40*'2 ... Am Loco ... 24 | 24 ... Am Loco pfd 33 Am Mach Ai Fdy . , • Jjj* Am Steel Fdv 14 15 7 /* 14 IJ!' 4 Bald Loco • • • 10 r * 10% 10% lOV2 Burroughs . 13% ?3% Case J T 50% 49 50% 49-* Cater Tract ... 27% 27 27 27% Deere At Cos ... 20% 15 20% 19% Elec Stor Bat . 43 42 43 . Foster Wheeler . • *5% Gen Am Tank C 37% 37% 37% 36% Gen Elec ... 20% t 9% 20V, 19% j Gen R R Sig ... . 32% 31% Ingsol Rand .. 61% 61 61 - ; Int Bus Mach . .1, i Int Harvester . 33 32 33 * Natl Cash Reg . 16% 16% !•% I*7* Pullman Inc ... 49% 48 49% 48 • Rem Rand 10% 10% 10% 10% Und Elliot 48% 47% 47-/, • West Air B 32% 22% 22 /2 22 Westingh Elec . 37% 35% 36% 35% Worth'ton Pmp 31% 20% Utilities— Am At For Pwr 8% 8% 8% 8% Am Pow At Lit. . 7% 7 7% 7 A T At T 114% 113% 114 113% Am Wat Wks 20% 19% 20% 19% Brook Un Gas . 67% . Col Gas At Elec 14 13% 14 13 % 1 Col *7 At E Ofd 77% 77’, 77% .. Com At Sou 2% 2% ?•% 2% Con Gs ... 34 32% 34 33% Elec Pwr *Lt . . 5% 5% 5% J% Int Hv Elec 6% 6% 6% 6% Fnt P T*Ar L T n,d 13% 12% 13% 12% LOU G & E "A" * 17 17 Nt Pwr At Lt 10% 10% 10 7, . North Amer .... 17% % J3% }•% Pac GAt E 19% 19 19% 18% Peoples Gas 12% 32'* 32% 31 * Pos Tel ofd 21 19% 21 . Pub Ser N.l 36% 36% 36% 36% So Cal Edison N 16% 16% 16% 16 1 Std Gas 11% U 11% 11 Std Gas ofd • 12 12 < Stone At Web.... 8V 8 8 * United Corp 5% 5% * Un Gas Imp 16’* l* 3 * I*% • !Ut Pwr Ar Lit A . J ■ (Western Union 46 45% 46 44 2 Rubber,— Firestone 17' 16 s , 17 16% Goodrich Li',* 12 1 * 13'* 13 * Goodyear 2*% 37 5 , 2*'% 27% Kelly Spring . 3% 3% IU S Rubber 17% 1* t8 3 4 18'.* U B Rubber pfd 46% 44% 46 44% j Miscellaneen*— ; Am Bank Note 30% 30 20% 20 ,Am Can 98 96% 98 96% I Anchor Cap . 31% Brklvn Man Tr 37% 36% 37% 37V, Coni’! Can 78% 78 78% ... Crown Cork • 25’* 24 s * 34% . Curtis Pub 22% 22% Curtis Pub pfd . 79% 79% 79% 78% Eastman Kodak 99 97% 99 97% Gillette 10% 10% 10% 10% Glidden .. 24% 23% 74% 23% Inter Rapid Tr 7% Owens Bottle . .. ... 76% ... ; Ravbestos Mfg 1* | Fuad*— Am Sugar 65 62 s * 65 62 1 Armour 'A> 6 s’* s’, 5% Beatrice Cream'y . 16 15 s , 1 Borden Prod ... 26% 25% 26% 26 Cal Packing 32% 32% 32% 32% Can Drv G Ale 21% 21 21% 21 I Coca Cola . . 125% . Corn Prod .. 67% 66% 67% 66% Crm of Whear . . 33 Cuban Am Sugar *% 7% 8% 7% i Gen Foods . 33 31% 33 32 . Gold Dust 19% 19% 19% 20% , G W Sugar . 34 .32% .34 32% ! Int Salt 29% 29% Loose Wile* . 40', . | Natl Biscuit. ... 35% 35% 35 s , 35 | Nat! D Prod ... 1* 17% 1* 17 s . | Purity Bak . 13% . ; S Port© Rico Sug 36 35 36 35% .Std Brands 30% 20% 20% 20% !Un Biscuit 25% 25 25 % 35% United Fruit ... 71 70 71 70% | Wrtglev ... 64 ... j Retail Stereo—(Ass Drv Good* 12 11% 11 First Natl Stores 63 63 Gimbel Bros ... ... 3% jGr Un Tea 6% Hahn Dept Sts 5% .. Jewel Tea . 48% Kre see 9 9 18% 18% 18% . Kroger Groc .... 31 30’, .31 30% Macv R H .41% 41 41 40’, Marshal! Fields ... ... 15% 15% Mav Dept St .. . . 36% Mont Ward .. 28% 26% 26% 26% N*tl Tea 12% 12% 12% Penny J C .... 56% 54% 56% 56% Safewav S* . 50 49 % 49% SO Sear* Roebuck 42% 41% 42% 41% Woolworth ... 56 s * 49% 50% 50% A*iatlen—- ' Aviation Corp .. 6 s * 6% 9 s * 8%

TSY K\ I/l AJN ATuLIS TIMHtS

Curtl* Wright A 10% 9% 10% 10 Curtiss Wright . 3', 3% 3% 3% Douglas Air 20% 19Vi 20% 19'* Nor Am Av ... 4% 4% 4 s , 4% Speerv CSorp .. 8% 8 B% 8% United Aircraft. 18% 18 18% 19% Wright Aero ... 51 s * 51% 51 s * 51% Chemical*— Air Reduction ..100% 98 s * 101 99’, Allied Chem 137% 136 137 136% Am Com Alcohol 35 34% 35 34 s * Col Carbon 72% 71% 72% 71% Com Solvents ... 23 22 % 22% 22% Du Pont ... 90% 88 % 90% 88 1 2 Freeport Tex... 31% 31V* 31% 31'% Liquid Carb... 27% Math Alkali .. 32 s , 32 32 s * 32% Montosonta Ch.. 49% 49 49% 49 Natl IDs inew).. 24% 23% 24% 23% Schenelev Dist . 28% 27% 28% 27% Tex Gulf Sulph 33% 32% 33 s * 33% Union Carbide 42% 41% 42% 41% U S Indu Alcohol 40% Drug,— Cotv Inc 5% 5% 5% 5% Lambert .... 25% 35% 25% 25% Lehn Ar Fink .. . 20 30 Un Drue 15% 15 15% 15*2 Zonite Prod .... 5% 5% 3% 5% Finaneial — Adams Exp ... 8% 8% 8% Bs,8 s , Allegheny- Corp.. . . 2 s * 2 s , Am Int Corp ... 8% 8 8% 8 Chesa Corp 46 Lehman Corn... . .. 66Va 66 Transamerlc* .. 6% 6V2 6% 6% Tr Conti Corp.. 4 s * 4% 4 s * 4 s * Building— Am Radiator ... 14% 13% 14 13% Gen Asphalt ... . 18 s , 18% It Cement ..25 s * 26 s , 25% 25% Johns Manvllie . 53V* 51% 53 52 Libby Owens Gls 30% 29V* 30% 29% Otis Elev ... 15% 15 s , Ulen Const 2'/ Household— Col Pal Peet ... 16V* 15% 16'/, 15% Congoleum 27% 27% 27% 27V, Kelvinator 17 16'/a 17 16% Mohawk Carpet. 17% •• Proc Ar Gamble 36 35% 36 35’, Simmons Bed .. 16’/* 16% 16% 15% Textile,— Amer Woolen ... 10’, 10% 10’, 10% Belding Hem ... 12% . Celanese corp ■. 25% 25V* 25% 24 s , Collins Aikman. 16% 16% 16% 16 Gotham Hose 8 8 Indus Rayon 23% 24 Kavser Julius 17 17 Real Silk 8% New York Curb (By Abbott. Hoppin Ar Cos.). —June 25 Close! Close Allied Mills •• 8 IGulf Oil of Pa 61 Alum Cos of Am 65 !Hiram Walker . 37 Am Cyanide B. 17%'Hud Bay Min . 14 Am G Ac El .25% Humble Oil ... 42 Am Superpwr . 2%(lmp Oil Ltd ... 14 s ,'* Ass G Ac El %Hnt, Petrol 27% Atlas Corp 10%|Lake Sh Min . 53V* Can Ind Ale AlO Lone Star Gos. 5% Can Marc 2'%'Natl Bell Hess . 3% Carrier Corp .. 7V, Nia Hud Pwr . 5% Can Marc ... 2V*lNovadel Agene 30% Carrier Corp . 7% Pan Am Airwvs 34 Cities Serv 2% Penn Road 2% Commonwlth Ed 54 iSt Regis Paper 3% Con G of Balt 64% Sherwin Wms 66% Cord Corp .. 4% Std of Ind .. .. 27 Creole Petrol. .. 12V* Std of Ky 16% Dere Ar Cos .... i9%'Te c hnicolor ind 14 Distill Corp .. 15% Teck Hugh Gold 8% El Bnd Ac Sh 15% Un Gas 2% Fisk Rubber 10 !Un Pwr Ar Lt A 3% Ford of Can A 20 s , Wright Har Min 9% Ford of Euroo* 8 I

Chicago Stocks 1 " (By Abbott. Hobbin At Cos.) 1

—June 26High. Low. 11.30. Berghoff 7 Bastian-Blessing ... 4% Bendix Aviation 15 Borg-Warner 23% 22% 23% Butler Bros .. 9 8% 9 Cent * So West % Chicago Coro com 2% Chicago Corp pfd ... 26 Cities Service 2V* 2 2% Commonwealth Edison. 53% 53'% 53% Cord Corp *% 4 4% Electric Household .... 15% 15 15 Gen Household Ut 12% 12% 12% Godchaux 8% 8% 8% Libby-McNeil 5% 5 5 Lion Oil Refining C 0.... ... % Middle West Utilities % Noblitt Sparks Ind Inc 12% Prim a Cos 5% 5% 5% Quaker Oats . . 115 Swift Ar Cos 17% 17% 17% Swift Internacional .... 31% 31% 31% Vortex Cup Cos .. 13% Zenith Radio 32% 3

Bond Prices 'Bv Fenner * Beane'

—June 26 High. Low 10:30. AUeg Corp 5s 'SO 38 37% 37% A Si For Pwr 5s 2030 . 52 Atchison gen 4s '95.... 108 102% 102% BAtO cv 4%s '6O .. 65 % 65% 65% Beth Steel 5s (A) ’36 . . 102 s , Can Pac 4s . 82 81 % 82 C M S PAtP ad.t 55A2000 13% 13% 13% CMS PAtP rs 5s A '75 40% 39% 40 Cons Gas N Y 4*is ’sl 104% Denmark 5%s '55 . 89% Erie RR.rf 5s 91 79% 73% 73'/* French 7s ’49 184 Goodyear 5s 57 100 Gt Nor 4%s ID) '76 ... .. 57% Gt Nor 7? <A ’36 .. 94% 94 94% Inter boro RT 5s '66 . 71% 71 71% Ini TArTdb 5s '35 63% 63% 63% McKess At Rob 5%s 50 . 82% Nat Dairy db 5%s '4B 9* 97% 98% N Y Cent 4%s O 2013 76 Nor Am 5s '6l 89% Pac Gas * El (A) '43 107 Penn R. R 4%s (D> 'Bl 98% Texas Corp 5s '44 102% Tob Pr N J 6%s 2022 106 Un Pac Ist 4s '47 105% U S Ruber 5s (A) '47 86 Vanadium 5s ’4l 81 U. S. GOVERNMENT BONDS •By United Press) NEW YORK June 25—Closing liberties. ((Decimals Represent Thirty-seconds. I Liberty 3%s (32-47) 104.3 First 4%s (32-47) 103.10 Fourth 4%S (33-38) . . 103.18 Treasury 4%5, 3%.v (45) 103.15 4>*s (47-52) 112 30 3%s (41-43) March 104.24 3%s (40-43). June. 104.27 3% s <43 < 104.25 3%S 146-49) 102.10 3s (51-55) 101.4 FEDERAL FARM LOAN BONDS (By Blyth At Cos.. Inc.) —June 26 Bid. Ask. 4s, Nov. 1. 1957-37 100% 101% 4s. Mav 1. 1958-38 100% 101% 4%5. July 1. 1956-36 100% 101% 4%5, Jan. 1. 1957-37 100% 101% 4%5, May 1. 1957-37 100% 101% 4%5. Nov. 1. 1958-38 101 % 102 4%5, May 1. 1942-32 100% 101% 4%5, Jan: 1, 1943-33 100% 101% 4%5, Jan. 1. 1953-33 100% 101'. 4%5, Julv 1, 1953-33 100% 101% 4%5, Jari. 1, 1955-35 100% 101 b 4%5. Jan 1. 1956-36 101% 102 4%5. July 1. 1953-33 I*o% 100 s . 4%5. Jari. 1, 1954-34 >OO% 100% 4’* s. Julv 1. 1954-34 100‘* 100% ss. Mav 1. 1941-31 101% 101 s . ss, Nov. 1, 1941-31 101% 101% —Heme lai—4s. July 1. 1951 100.18 100.23 -rFederal Farm Mortgage Cerperalien—3>*s. March 15. 1964-44 101.10 101.1.4 Thf latter two quotations are in thirtyseconds. SUGAR CONSUMPTIONS NEAR LEVEL OF 1929 Household Demand Drops Slightly During Depression. Bv Tin~ s Special NEW YORK. Juno 26—Data obtained by the Sugar Institute from member sugar refiners and other sources indicates that the household consumption of refined sugar has not. been materially affected by the depression. Figures show thst during 1931, the second year of the depression, the per capita household consumption of sugar fell only four-tenths of a pound below 1929 consumption. Per capita household consumption in 1529 was 14.5 pounds; in 1931, 74.1 pounds. In 1929. household consumption of sugar accounted for 71.9 per cent of the total consumption. In 1931 the percentage consumed in the home had risen to 75 per cent. Over 90 per cent of the shrinkage in total per capita consumption, amounting to 5.4 pounds, was accounted for by the decline in the consumption of manufactured foods in which sugar is'nn ingredient.

SWINE VALUES UP FIVE CENTS AT CITY PENS Cattle, Sheep Unchanged: Veals Sharply Lower at $4.50 Down. Trading was fairly active at the Union stockyards today with hog transactions steady to 5 cents higher than yesterday’s average. Receipts of hogs totaled 8,000. Holdovers numbered 329. Opening prices of heavyweights ranged between $4.85 and $5.10 with a top price of $5.15. Medium sold at $3.80 to $4.50 and lightweights went to bidders offering $3.15 to $3.65. Cattle receipts were 2.000 with fini i steers, choice heifers and good cows selling at steady prices, while others were weak to lower. Best steers were selling at $6 to $8.25. Two loads held at $9.10. Receipts of calves totaled 90(1 with the market weak to 50 cents lower. Bulk good and choice vealers sold at prices ranging between $4 and $4.50. The sheep market was steady. Receipts numbered 1.500. Good ewe and wether lambs were being offered at $9 to $9.25, with a top price of $9.50. Bucks sold for $1 less. The hog market at Chicago was fully steady with yesterday's average at $5.05 downward. Receipts were 20,000, including 7.000 direct. Holdovers numbered 2.000. Cattle receipts totaled 13.000 and calves receipts 3,000. The market was steady. The sheep market was steady with receipt! numbering 5,000. Juno Bulk. Top. Receipis. 20. $4.95@ 5.10 5.10 6,500 21. 4.95 @ 5.10 5.20 6,500 23. 4.95(S 5.10 5.15 8,000 23. 4.90(&) 5.10 5.15 1.500 25 4 850 5.00 5.10 7 500 26. 4.85® 5.10 5.15 8.000 Market. Higher (140-160) Good and choice .. $ 4.25® 4.50 —Light Weights—-(l6o-180) Good end choice ... 4.85 (180-*00) Good and choice . 4.90 —Medium Weights—-(2oo-320) Good and choice . . 5.( 9 (220-250) Good and choice . 5.00® 5.15 —Heavy Weights—-(2so-290) Good and choice ... 5.10® 5.15 (250-350) Good and choice .. . 4.95® 5.10 —Packing Sows—(2so down) Good 4.00® 4.25 (250 lbs.) Good 3.75® 4.15 (All weights) Medium 3.50® 3.90 —Slaughter Pigs—-(loo-130) Good and choice 3.15® 3.65 CATTLE Receipt,. 2.IKW): 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 Receipt,. 900; Market. Steady Good and choice $ 4.00® 4.50 Medium 2.50® 4.00 Cull and common 1.50® 2.50 —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 (800-1,5091-Good and choice . (25® 5.75 Common and medium 3 00® 4.25 SHEF/P AND LAMBS Receipts. 1.500!; Market. Steady (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. Ar med.. 7.00® 8.50 —Ewes— Good and choice 2.00® 3.00 Common and medium 1.50® 2.00 Other Livestock (By United Press) CHICAGO. June 26.—Hogs- Receipts. 20.000. including 7.000 directs; active, fully 10 cei’/ts higher than yesterday; 210-350 lbs. $5®5.10; top. $5.15; 170-200 lbs., $4.65@5: light lights. $4.25®4.60; pigs, s3® 4: packing sows. 54.25®4.85; light lights, 140-160 lbs., good and choice. $4.15®4.65; Jight, weights. Ibo-200 lbs., good ar.d choice. $4.50®5 05; medium weights. 200-250 lbs., good and choice. [email protected]: heavy weights. 250-350 lbs., good and choice, $5®5.15; packing sows. 275-550 lbs., medium and choice. [email protected]: slaughter pigs. 100-130 lbs., good and choice. $3®4.15. Cattle—Receipts. 13.000; calves. 3.000: strictly good and choice steers and yearlings, ‘ all representative weights, scarce and steady; others unevenly steady to 25c lower; mostly steady to weak; receipts comprised approximately 8.000 drought cattle bought on government account; market run relatively small; killing quality plain; most steers and yearlings light offerings of value to sell at $7.50 downward; early too. $10.25: slaughter cattle and vealers. steers. 550-900 lbs., good and choice. $5.75®7.75; 900-1.000 lbs., good and choice. $6®9.75; 1.100-1.300 lbs., good and choice $6.7f®10.35: 1.300-1.500 lbs., goody and choice. $7.75®10.35. 500-1.3C0 lbs. comom n and medium. $4®)7.75- heifers, 550-750 lbs., good and choice. $5.25®7.25: common and medium. $3®5.50; cows. good. $3.75® 5: common and medium. $3.35®. 3.75; low cutter and cutter. $1.a0®2.35; bulls (yearlings excluded), good (beef). 5.50; medium. $3.50®4: cull and common. $3®3.75: cutter, common and medium. $2.50 ®3.50; Stocker and feeder cattie. $2.25®3.50: vealers. good and choice. S.4® steers'. 550-1.050 lbs, good and choice. 54.25&5.50: common and medium. $3.25® 4.25. Sheep—Receipts. 5.000; generally steadv: good to choice native springers, $9®9!35: top. $9 50 to small killers; fed 70-72 lb. yearlings with half vear fleece. $7.25; aged ewes. [email protected]. according to kinds; slaughter sheep and lambs, spring lambs good and choice. $8 [email protected]; medeium'. $7.25®8.75: ewes. 90-150 lbs., good and choice. $1.50®2.25; all weights, common and medium. $1®1.75. FT. WAYNE. June 26—Hogs—Market 5 to 10C higher; 250-300 lbs $5 10. 200-250 lbs $5; 180-200 lbs.. $4.75: 300-350 lbs. $4.85: 150-160 lbs $4.25; 140-150 lbs.. $4: 130-140 lbs.. $3.70; 120-130 lbs.. $3.45: 100-120 lbs. $3.20: roughs. $3.75; stags. $2. Calves. s4.ao: lambs. $8.50. LAFAYETTE. June 26 -Market steady to 10c higher: 225-300 lbs .' $4.95® 5. 170225 lbs. $4.70® 4.85; 150-170 lbs.. $4.25® 4.60; 130-150 lbs.. $3.65®4: 100-130 lbs.. $3 ®4 roughs. $421 down; top calves. $4; lambs, $7.50® 8. (By Times Special) LOUISVILLE. June 26 —Cattle—Receipts. 150: quality very plain; market, slow, about steady: bulk common to medium, steers and hAifers. quotable. $4®5.25: inferior grades down to $3 and l*®*'strictly good drvfeds quotable to $6.25; better bulk beef cows. $2.50®3.25; practical top on good kinds. $3 50: low cutters and cutters. $1®2.25: sausag* bulls scarce, considered salable mostly at $2.50®3.25: stockers and feeders practically absent. Calves—Receipts. 350; market, weak to lower, considering strict sort: bulk $4 down; nothing eligible above Hogs—Receipts. 900; 10c higher: 185-275 lbs.. $5.10: 275 lbs. up. $4.40. 160-189 lbs.. $4.10: 145160 lbs.. $3.75; 120-145 lbs . $2 35: sows. $2.85: grassy and unfinished hogs, discounted, 50c®$l. Sheep—Receipts. 3 000: market not established: few early bids 25c or more lower: sellers generally asking steady or $8 25® 8.50 for bulk better trucked in springers; choice overnight and longhaul lamtff held higher: rail lsmbs absent; fat ewes. sl®2; stock ewes. $5 50 ®7; choice young ewes eligible higher. U. S. DOLLAR STRONG London Gold Price Moves Down 2 Cents to 534.87. Bv T'nited Pret LONDON, June 26.—The dollar continued to gain strength today. The pound was $5.02%. Gold went down 2 cents to $34.87 a fine ounce with the stejling rate 138 shillings 2% pence, up 1% pence. Yesterday's price was fixed with the pound at $5.03H. Bv Cnitftl Preit PARIS. June 26.—The dollar was slightly stronger today. Francs were 15.16’,' to the dollar (6.594 cents a franc).

France Sets $33,300,000 Aside for Farm Relief

Total Subsidies Amount to 700,000.000 Francs in Year. BY RICHARD D. M MILLAN United Pres, Staff Correapondent PARIS. June 26.—A subsidy of 500.000.000 francs (approximately ( $33,300,000) was voted late yesterday by the French chamber of deputies to help the farmer and keep the price of wheat boosted to 130 francs a quintal, or approximately $2.60 a bushel. This brings the total of direct subsidies by parliament to the farming community to 700.000.000 francs (approximately $46,600,000) for the present year. In addition, the pubiic must pay more than double the world price for their bread and in this way it is estimated the French nation pays between seven and eight billions of francs (about $500.000.000) annually to aid the farmer. Wheal Situation Problem These subsidies are paid into the agricultural credit fund. which grants credits to the farmers to encourage them to stock their wheat and keep the market from being overloaded with the huge surplus stocks available. Last year, munificent bounties were granted farmers to subsidise export of French flour on the European markets. This experiment proved so costly, eating drastically into the government credits, that it is not yet decided whether it will be renewed. The surplus wheat problem is one which has only been a trouble to the French ministry of agriculture in the past three years. Previously, France's crop was deficient for the nation's needs, which are about 85.000.000 quintals, including cattle feed and sowings. Two successive bumper crops, in 1932 and 1933, each totalled nearly 100.000,000 quintals. This resulted, at the beginning of the 1933-1934 season, of a surplus of at least 70.000.000 bushels, most of which has been stocked away in silos during the past year at the expense of the government. Harvest Estimate Low The government hopes that the new crop may be deficient and so partially ease the situation. Some estimates for the harvest are as low as 75.000,000 quintals, but usually estimates are far exceeded and this may prove to be the case this year, as the world drought did not hit the French wheaHands very hard. Asa further means of tightening protection of the French farmer, who is now surrounded by a huge tariff wall, it is suggested the government ban entirely the import of foreign wheat until the domestic market is freed from its present clogging surplus. Produce Markets Delivered in Indianapolis prices: Heavy hens. 10c: Leghorn hens, 7%c; 1934 broilers 1% lbs. and over. 16c; Leghorn broilers 1% lbs. and over. 13s. bareback broilers, lie: old roosters, 3c; ducks and geese. 3c; young guineas. 1% to 3 lbs.. 20c; old guineas. 15c: No. 1 strictly Iresh country run eggs. loss off 11 %c. Each full case must weight 35 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. (Bv United Press) CHICAGO. June 26.—Eggs—Market, easy; receipts. 15,480; extra firsts, 15'<c; fre,h graded firsts. 15c; current receipts. 12'*® 13%c : dirties No. 1. 12%c: No. 2. 11c: checks No 1. ll%c; No. 2,11 c. Butter— Market, easy; receipts. 14.675: extra firsts 90-91% score'. 22%®23c; extras (92 score'. 23%c: firsts (88-89% score). 21%®21%c; seconds 'B6-87% score', 20%®21c; .specials. 24%®24%c; standards. 23%c; centralized 189 score'. 22%c; centralized (88 score*. 21%c. Poultry—Market, easy: receipts. 51 trucks. 2 cars due; hens, 12%® 13%c; broilers. 20' *c: fryers. 18%®20%c; springers. 21®22c: spring geese 13c; turkeys. 14c; ducks, heavy spring. 14%c: Leghorns. 10c; old roosters. B%c: colored broilers, 20c; light Leghorn. 15c. Cheese—Twins. 13'*® 13%c: Longlwrns. 13’*® 14c; Daisies. 13 s ,® 14c. Potatoes, old stock—Supply moderate; demand and trading light: market. dull: Washington Russts. $1.25. Newstock—Supply moderate; demand and trading moderate: market, strong on barrels. steady on others: Arkansas Triumphs. $1.50®1.75; badly decayed, 90c: Oklahoma Triumphs. $1.40®1.50; slightly decayed. *1.35: Mississippi Triumphs. $1.50®1.60; Louisiana Triumphs. slightly decayed. $1.35; Oklahoma Cobblers, $1.20; North Carolina barrel Cobblers. $2.35®2.40. Arrivals 53. on track 284, shipments 454. CLEVELAND. June 26.—Butter —Market barely steady; extras, 28c; standards, 27%c. Eggs—Market barely steady: extra whites, 15c; current receipts. 14%c. Poultry—Market steady: colored fowls. 6 lbs. and over, 15c: broilers, colored. 22® 23c; old roosters. 9c; ducks, white, 5 lbs. and over. 14®15c. Potatoes—North Carolina best mostly $2.25® 2.40 per barrel. NEW YORK. June 26.—Potatoes—Steady; Southern 85c®*2 bbl. Maine. $1®2.15 bbl. Sweet Potatoes—Stadv; Jersey basket. 60c @52.15; Southern basket. $1.25® 1.50. Flour —Easier: springs: patents. $7®7.25 bbJ. Pork—Firmer. Mess—sl9.l2% bbl. Lard— Easy. Middle West 5p0t—54.30®4.40 per 100 lbs. Dressed Poultry—Quiet: turkeys. 12%®,27c; chickens. 18®;28c: broilers. 20 @2Bc; capons. 25®35c; fowls. ll@18c: ducks. 13® 14c; Long Island ducks. 13'&) 15c. Live Poultry—Dull; geese. 7c; turkeys. 11 ®l9c; roosters. 9c: ducks. B®l2e; fowls. 13@16c; broilers, 14®25c. Cheese -Quiet; state while milk fancy to specials. 18® 19c. Blitter—Receipts. 21.334 packages: market, easier; cents per pound; creamerv. higher than extras. 24%@25%c; extra (92 scorel. 24%c: first (90 to 91 scorei. 24®. 24%c: first 'BB to 89 scorei. 23®23%c: seconds. 22%®22%c centralized 190 score 24); centralized 188 to 89 score). 23®23%c: centralized (24 to 87 score'. 22%®22%c. Eggs—Receipts. 35.636 cases; market, unsettled: special pack, including unusual hennery selections. 18®21%c; standards. 17%®>17%c: mediums 14®:14%c: dirties. 14'*®T4%c: checks. 13%c: storage packs. 16%®16%c. On Commission Row —June 26 —Fruit,— Apples—Fancv Delicious. $2.85; Transparents. $2®)3.25. Blackberries—24-as crate. $2.25. Cherries—Home grown. 18-ot. crates. $1.60. Oranges—California. Sunkist. $5 50® 5.75: Valentias. $5.50®5 75 Lemons—Sunkist. $6.50 Grapefruit—Florida seedless. $4 25. Strawberries—Home grown. 24-ot. crate. $2.50@3. Raspberries—Southern Indiana black. 24Dt. crate, $2: red. s3®4. Cantaloupes—California lumbos. 455. *4: standards. $3.75; Honevdews. $2.75. Pears—Calavos. $3.50 per box. Watermelons —Florida Watsons. 30-lb. average. 75c. Bananas—Per pound. 5c —Vegetable,— Sweet Corn—Alabama. 5-dozen crate. $1.65. Cabbage—Home grown, bushel. 65c Celery—Michigan, flat boxes. $2 25: medium, doz.. 90c. Onions—Texas yellow. 50-lb. Bag. $1 90. Potatoes—Northern round white. 100-lb bag. $1.60: North Green Mountain. $1.75: Colorado McClures. $1.65: Idaho Russets. 100-lb. bag. $2: new Texas Triumnhs. $1.70 Sweet Potatoea—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. *175. Lettuce—Outdoor. 15-lb. basket. $4: iee--1 Berg best. *4 a crate. Peas—lndiana. *2 50. Radishes—Home grown buttons, large bunch. 35c. Rhubarb—Home grown dozen. 30c Spinach—Home grown, bushel. 35c. Tomatoes Hothouse. 10-lb basket. $1: original Texas. 30-lb lug $1.50 CHICAGO FRUIT MARKET ■Bv United Pres,' CHICAGO. June 26 Fruits and vegetables: Apples—Michigan Spies. *2 25; Illinois Transparents. *2 50 Carrots — California. $2.25® 240 crates Cucumbers— Illinois bushel *1.25® I SO: hothouse, 80c® $1.75 • 2 doi.i. Beans—Southern Green. *1 ® 1.25 bu.; Illinois, 50@75c <% bushel'. Tomatoes—Texas, 81® 135 lub box. Sweet Potatoes—Tennessee. *1.85® 190 bushel hampers Strawberries—Michigan. *l® 2.50 <l6 qt.i Wisconsin, $1.50® 2.50. Peaches—Georgia. [email protected] •% bushel'. Red Raspberries—lllinois *1.50® 2.50 '24or.i Onion Markt 'SO-ib 'agks'— Texas whites. sl4o® 1.50. California vellows. 5! 25 Texa? reiiows. Si 25, California yellows. *1 40® 1.55.

KROGER SALES ADVANCE Four-Week Total 1$ 9 Per Cent Above Similar 1933 Period. Bv l ime* Special CHICAGO. June 26—Total sales of Krogerv Grocery and Baking Company for the four-week period ended June 16 amounted to $17.466.588 an increase of 9 per cen’ over the corresponding 1933 period. Total sales in the first twentyfour weeks this year rase 10 per cent above the similar period last year. CONSUMPTION OF ENERGY CONTINUES Total Operations in May Equal to April Figures. By 7 i me # Special NFW YORK. June 26.—Energy consumption in a group of 3.800 large manufacturing plants in various industries, scattered throughout the country, showed a continuation in the rate of industrial activity registered during the last few months, according to a survey of the Electrical World. Total operations in May were equal to those in April, but when adjustment is made for the difference in the number of working days, May shows a recession of 2.5 per cent, the survey stated. The average of the first four months of 1934 was surpassed by 2 per cent. A year ago the upward movement was in full swing, but the present figure is nearly 17 per cent higher than that of the corresponding month of 1933. 32 per cent over 1932 and virtually on a level with 1931. Fully half of the ground lost since 1929 has been regained; the deficiency compared with May of that year amounts to 21 per cent. Changes in the individual industry groups differed. In automobile the rapid ascent of recent months was checked, with a decrease of 11 per cent from April. STORE SALES IN MAY LESS THAN SEASONAL Increase of 25 Per Cent Shown Over Previous Year. Bp Times Special. NEW YORK, June 26 —The value of department store sales in the United States in May showed less than the usual seasonal increase over April, according to a survey by the Alexander Hamilton institute. Department store sales in May. however, were 12 per cent higher than in the corresponding month last year. An index of department store goods on June 1 was 26.3 per cent higher than the May 1933 level. This indicates a decline of 11.3 per cent from last year in the quantity of goods sold since the value of sales was only 12 per cent higher than a year ago. Marriage Licenses Harvey Blythe. 23. of Grand hotel, musician, and Maudie Tidwell. 21. Indianapolis. housekeeper. Ronald Wilman, 22. of 1112 Pleasant street, switchman, and Pauline Tucker, 22. of 4060 East Sixteenth street. housekeeper. Beekman Wilson. 22. of 535 North Beville avenue, laborer, and Helen Smith. 19. of 560 North Jefferson avenue, machine operator. Georjte Carson. 29. of 922 Marion avenue. machine operator, and Georgia Carson. 18. of 1078 Oliver avenue, housekeeper. Hugh McDaniel. 35. of 32 North Kevsione avenue. Real Silk, and Clotilda Schlick. 35. of 1032 North Tuxedo street. Real Silk. Joseph Hautman. 26. of 521 Sandeis street, salesman, and Frieda Selie 24. of 841 North Capitol avenue, aalcsladv. John Dorsev. 25. of 1547 East Ravmond street, railroader, and Helen Ptoston. 23 of 261 North Rural street, tvpist. Robert Ball. 23. of 1131 North Tacoma avenue, manager, and Marlorie McComb. 19. of 514 North Grav street,, housekeeper. Charles Vice. 23. Middletown. 0.. laborer. and Maritorie Method 22. housekeeper. Richard Graham. 22 of 240 North Xiearborn street, bank clerk, and Rosemarv Judkins. 20 of 21 South Dennv street, beaut.itian Ralph Craig. 26. of 22 North Tacoma avenue, artist, and Lottie Jensen, 25. of 245 South Keystone svenue. housekeeoer William Schultz. 22. of 2432 Central avenue, mechanic, and Sarah Hadlev. 23. of 2324 North New Jersey street, cashier. Ralph Bultman. 27. of 1445 South State street, radio expert, and Eleanor Hansen. 28. of 626 East Orange street, stenographer. Wilbur Sharp 26 435 Collier street, electrician, and Clara Cassitv. 26. of 972 West Twenty-ninth street, machine operator. Franklin Mitchell. 25. of 516 North California street, ice man. and Lucille Coleman. 21. of 970 Colton street, hospital worker. C. Terry 22. of 5264 East Thirtieth street, machine operator, and Macv Bain 18, of R. R. 15. Box 600. housekeeper. Robert Johnson. 22. of 1405 East Epler avenue, shipping clerk. and Ramor.a Bauserman. 5118 East Michigan street. Real Silk. Freeman Kirkpatrick. 43. of 1114 South Keystone avenue, conductor. and Ida Badger. 34. of 1114 South Keystone avenue. housekeeper. Milton Hyde. 38. of 1109 River avenue, utilitv employe, and Nora Alr.hele 37. of 2211 North Meridian street, housekeeper. James Stevenson, 33. of 3360 Downev avenue, draftsman, and Jesise Adams. 33. of 312 North Colorado street, housekeeper. Louis McCiennen. 22. of Cambridge Mass., student, and Sarahanne Adams. 21. of 4936 North Meridian street, student. Edward Fleming. 29. of Evanston. Til., attorney, and Betty Brown. 24. of 3025 North Meridian street, housekeper. Charles Anderson. 37. Cicero, carpenter, and Marforie Combs. 36. of 1729 West Washington street, housekeeper. Glen Alexander. 22 Shirklin farmer, and Thelma Baker. 20. of 1411 Castle avenue, housekeeper. Births Bnr. Charles and Margaret Trobangh. 264 Leeds avenue Marion and Dorothy Tavlor 2802% North Olney Theodore and Gladys Have,. Colemvi hospital. Bob and Nellie Leonard. Coleman hospital. Earl and Lela Simmons. Coleman hospital. Fenton and Marnmie Stewart. Coleman hospital. Girl, John and Grace Barne, 2212 North Station Orville and Georgianna Allen, Coleman hospital. Ellis and Mrrv Braman. Coleman hospital. John and Rubv Eblen. Coieman hospital Joseph and Blanche Zoller. Coleman hospital. Deaths Robert Bledsoe. 35. 1524 Martindale eardio vascular renal disease Rachel Washington. 66 181 Geisendorf chronic myocarditis. John N. Lenahan. 77. Holy Cross Church acute dilatation of heart Joseph W. Hickman. 53 534 N. Lynn coronary occlusion. Myrtle Spaces- 33 Coleman hospital. 3epnc endometritis. Annette Puritt. 2 months. 1033 Ris-er avenue, eleocolitis. Nettie King Adams. 73. 2062 North Temple, cholecystitis Marv Budd. 80. 818 Maple carcinoma Lena Bodemer, 72. 112 East Ohio, arteriosclerosis Fred Miller. 38 Veterans hospital, lobar | pneumonia ! Julia Smith Tvler. 40 city hospital chronic myocarditis Theresa Ann Harper. 5 months. 2322 ! North LaSalle, acute intestinal intoxication. George Warren Weakley. 76. 314 SplnkArms hotel, chronic nephritis. Lamp Prices Reduced Bv I 'lies Special CHICAGO. Juno 26—Westinghouse Lamp Company and the General Electric Company have announced reductions in the lii% price ol electric light lamps.

■TCsrsrrcfr

WHEAT PRICES : TURN WEAK IN LATE SELLING Heavy Commission House Buying Forces Corn Market Higher. RV HARMAN W. NICHOLAS t*vit?<f MufT Crrp®r*?iHpnt CHICAGO, June 26.—Grain price? moved up and down erratically on the Chicago Board of Trade todav. Wheat finished % to % cent, lower, corn was up % to % cent and oats was ' to % cent up. The price trend took to the downside at the start when yesterday's weakness was carried over. The [ market met support on the down- ! turn, however, and corn led an ad- * vance to above the previous close. Short covering and buying by romI mission houses sent the yellow cereal j around 1% cents above yesterday's finish. Late Selling Develop* Selling in wheat developed during | thf last half hour and on the dtp. | when much of the day's gains were i lost, there was a decided lack of aggressive support. Considerable rain was reported over the corn belt overnight and although chinch bug complains were not as numerous as of late, experts still regarded the pest as ; a real menace to the growing crop. A sharp upturn in Kansas City July wheat, putting it to a premium | over the September, had some inI fluence on the local wheat pit. : Movement in the southwest rc- ; mained heavy, the ten leading pri- : marv and interior markets receiving nearly 1.700 dars of the winter wheat or around 3.500.000 bushels. The attending hedging sales here sewed to stem the advancing tendency. Oats Trade Light There was considerable difference between the estimates of the international institute of agriculture and Broomhall on European wheat productions. Broomhall suggested twelve countries, including Russia, would show a decrease of 412.000.000 bushels as compared with last vear, ' when Russia accounted for 140,000,- ; 000 bushels. The institute estimated the crop, exclusive of Russia, at 1.470,000.000 bushels, compared with 1.707.000.000 last year. Trade in oats was light, with a fair run of new commission house btiving in evidence on the. setbacks. Provisions averaged higher, with higher hog prices a factor. Chicago Futures Range ißy United Press) —June 26 Wheal— Prey. Open. High. Low. Close close. July .. .90 .91% .89% 90 .90% Sept,. . .90% .92% .90% 90% 91'* Dec. . .92 .93% .91% .91% .92% Corn—- ! Julv .. .56% .57% .55% .56% .56'* Sept. . 58% .59% 57% .58% .58% Per. .. .59 .60’* .58% .59% .59% Oat,— July . . .41 % .42% .41% .42 .41% Sept. . .41% .42% 41% ,42 .4 1% Dec. .42% .43% .42% .43 .42% Rye— Julv .. .63% .65 .83% .64% 84% Sept. 65% .66% .65% 66 .66'* Dec. .68 .69 V* .68 .68% 68% Ba rley— Julv .. .55 .55 .53% .53% 55 Sept. . .51 ~52% .51 .51% .52 l.ard— July .6.47 6.57 647 6.50 647 Sept. . 6 80 6.90 .677 6 80 6 80 Oct. . 6.95 6.97 690 690 690 NOV. .. 7.00 702 Dec. . 7.10 7.17 710 7 12 7,12 Jan. 7.25 7 22 Bellies— I Julv 9 37 9 37 Sept. .9.55 9.55 9.55 955 962 CHICAGO PRIMARV RECEIPTS —June 25Bushels Todav Last WL Wheat 1.372.000 568.0 W Corn 436 000 557 000 Oats 123.000 141.000

Cash Grain

INDIANAPOLIS —June 25 The bids lor car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41 Vt New York rate were; Wheat—Weak: No. 1 red. l<Sß2c: No. 2 red, 804it81c: No. 2 hard. 804r81c Corn—Steady: No 2 white, S6ifr 57c: No. 3 white, 55r0.56c: No. 2 yellow, 52tji6 53tic;. No 3 yellow. 51 \i<a 52' 2 c: No. 2 mixedi 0IV21& 52 1 2 c: No. 3 mixed. 50',j@51'/2C. Oats—Steady: No 2 white. 39<&40c- No. 3 white. 38<b39c Hay—Firm: if o. b. country points taking 23' 2 c or less rates to Cincinnati or Louisville! No. 1 timothy *l2<& 12.50 —lnspections Wheat—No. 1 red. 1 car: No. 3 red, I car; No. 2 mixed. 2 cars. Total. 4 cars. ( Corn—No. 2 white, 10 cars; No. 3 white, J 5 cars; No 4 white. 1 car; No. 8 white. 1 car.- No. 2 yellow. 13 cars: No. 3 yellow. 18 cars: No. 4 yellow. 6 cars. Total. 52 cars. Dat—No. 2 white 4 cars; No. 3 w’hlte, 7 cars. Total. 11 cars. Local Waron Wheat City grain elevators are paving 78 cents for No. 2 soft, red wheat. Other grades on their merits. (Bv United Press) * CHICAGO. June 28.—Cash grain: Wheat No. 3 red 9l’c; inew test 15. 2 and weight 56 1 2 Ibst: No 2 mixed. 93c. Corn— No. 2 mixed 59c: No 3 mixed 60c No. 2 yellow, 60‘c; No 3 yellow 52'ic; No. 2 white 62’lc. Oats- No. 2 white 43tic: No. 3 white. 42'ac: No. 4 white. 42c Rve--No 2 68c Bariev—94c <n 97c auotable 56c 91. Timothy—s9,2s7! 950 Clover Seed $lO 257/14.50 Cash Provisions Lard, $6.25: loose. $6.05: leaf. $6: bellies. *9 57. TOLEDO. June 25.—Grain close: (Grain in elevators, transit billing' Wheat—No. 2 red. 9347 94c. Corn—No 2 yellow. 814/; ; S2c. Oats—No. 2 white. 461* 7/47' 2 c. Bye —No 2. 59 Ti 70c. (Track prices. 28'/C rate): Wnear,—No. 1 red R 9' 2 4r#0c No 2 red 88’,27j89r Corn—No 2 yellow. 57 95?'ie: No, 3 yellow. 58-0 58' 2 c No. 4 yellow 559*5' jr.. Oats—No 2 white. 434; 44' 2 e; No. .3 w'hite. 42' 2 7/44c. 'Toledo seed close). Clover—Cash. $8.25 Alsike—Cash $8.50. ST. LOUIS June 25 —Cash grain Wheat —ln good demand, unchanged on red and 2'jc lower on hard, No. 1, red, 90'^91c ;No 2 red, 89990 c; No. .3 red. 897; 39'/C No. 5 red. 87> 2 c; No. 1 red garlickv 88r ; No. 2 red garlickv. R27jßß'2c: No 3 red gralickv, 83c No 4 ted garlickv. 33c; i sample red garlickv 767i78c: No. 2 hard ' 92'2c; nominal. Corn—ln good demand, unchanged to lc lower: No. 2 yellow 60'< f6o'-ic: No. 3 yellow 59 3 ,c. No. 4 yellow j 58’i4i59c; No 5 veilow. 58c: No. 2 white. ' 64c: No. 3 white. 63c; No. 5 white. 61c. | Oats—ln fair demand, tone steady; No | 2 mixed. 43' aC. TRUST STOCKS REACT a Average of Ten Leading Common Investments Drop to 13.09. H’j /imu Uptcinl NEW YORK. June 26.—The investment companies common stock index reacted slightly during the past week, as evidenced by the averages compiled by Distributors Group, Inc. The average for the common stocks of the ten leading management companies, influenced by the leverage factor, stood at 13.09 as of the close June 22, compared with 13.93 on June 15. The average of the nonleverage stocks stood at 14.63 as of the close June 22, compared with 14 72 the close on June 15. The average of the mutual funds closed at 10 68. I compared with 10.99 at the Ciose of the previous week.