Indianapolis Times, Volume 46, Number 40, Indianapolis, Marion County, 27 June 1934 — Page 11

June 2" urn.

Wall Street Pierce Is Justified in His Confidence in Future for Exchange. —“ BY R Vl.ru IILNUtK>UOI

liihm Special iinandal Writer '"T'HE security exchanges have suffered more in the past from flatfooted adherence to threadbare tradition than they are likely to in the future from experimentation at the hands of a commission with a fresh viewpoint. That statement sounds as if it might have originated with one of President Roosevelt's brain

trusters. But it really came from E. A. Pierce, head of one of the largest New York Stock E x ch a nge hous?s in Wall Street. It strikes your corres p ondent that Mr. Pierce has the right slant on the matter. Wall Street has

Hendershot

been Its own worst enemy, and it is likely that regulation by a commission may prove the best thing that ever happened to it. Its own people have been too close to the forest to see the trees. They hate been laboring under the impression that the United States ended at Pulton street. And it would seem that a commission mad'* up entirely of outsiders should constitute no occasion for alarm. It is true, of course, that they might trip up on some of the technicalities involved in Wall Street dealings, but they would soon be put straight by the brokers. On the other hand, however, ttv* inclusion of at least one Wall Street man on the commission should not be too disturbing to the gemral public. Whether or not it is generally appreciated, there are a few honest and able people in the Street. tt tt O IT wa but natirral that the senate committee should have gone after dirt only when it conducted its investigation of Wall Street practices. It was seeking to establish the basis for the regulation which came later. But some weight should be given to the fact, for instance, that millions of dollars worth of securities change hands in the financial district on a mere nod of the head or a spoken word. People on the outside usually insist on contracts in much smaller business transactions. But whereas the public seems to have the opinion that everyone in New York s financial district needs the strictest kind of watching, most people in Wall Street lean toward the belief that outsiders do not possess the mental faculties with which to understand financial and stodk trading operations. There would appear to be considerable misunderstanding all around, so the closer relationship which would result from regulation under governmental supervision might well help to bring about that mutual understanding and trust which is needed to make the exchange fully effective. a a a MR. PIERCE is not the type of man to whistle just to keep up his courage. Nor were the statements he released on Saturday prepared merely for public consumption. They w ere addresesd., as a matter of fact, to his own organization. and it was one of his parnters who prevailed upon him to give them to the press. It is worthy of note, moreover, that his ideas on the subject of government regulation have not been formulated since the exchange act became law. That would take them out of the realm of a desire to make the best of a bad situation or of a pep talk. When men such as Mr. Pierce take a prominent part in the affairs of Wall Street, it may well be argued that the Street already has taken a step forward. N. Y. Coffee. Sugar Futures COFFF.E June 26 —Santos— High. Low Close March 10 56 10 11 10 48 .full’ 0.75 9.52 9 66 September 10 50 990 10.16 December ........... 10.50 10 06 10.36 —Rio— January _ _• 1 *5 Mirch i 63 i *0 1.88 Mav 7 96 "* "96 juir 7 72 7 42 7 60 September 780 750 770 December 7.96 i.59 <.BO St G AR H’.gh. Low. Close January I 79 1 77 1 79 March 1 86 1 83 1 86 w, v 1 90 1 88 1 90 _j,.; v 1 82 1 61 1 62 September 1 70 1 67 1 69 December 179 1.76 7.79 In the Cotton Markets —.tune 26 CHICAGO High Low Close. January 12-75 12 63 12 71 March . 17 17 74 12 84 Mi" 17 94 12 84 12 94 t„lv 12 32 12 18 12*0 October 12 62 12 48 12.54 December 12.74 12 5> 1. 66 HEW YORK Janus re 12 69 12 54 12 62 March 12 79 12 62 2<3 Jilv 12 25 12 0.2 12 21 Mar 12 81 12 73 12 81 October 12 52 12 37 12 44 December 12 65 12 48 12 56 NEW ORLEANS January 12 69 12 54 12 60 March 12 76 12 65 12 ■ 0 Mat 12 83 12 82 12 82 Julv 12 22 12 08 12 07 October . 12 50 12 35 12.43 December 12 61 12 48 12.55 Retail Coal Prices Tr.e following prices represent Quotations from leading Indianapolis coal dealers. A rash discount of 25 cents per ton is allowed. Domestic Retail Prices Anthracite *14.25 Brazil lump 575 Bra.-ii egg 6 25 Brazil mine run *OO Coke, nut Mt 8. .5 Cose, egg sire Indiana forked lumo 5 50r5.7> Indiana egg *OOOS 25 Kentucky lump 7 00 Pocahontas lump 825 Pocahontas egg 8 25 Pocahontas forked lump 925 Pocahontas mine run 725 New River smokeless 8 25 West Virginia lump 6 75 West Virginia egg 6*o Island Creek 700 Extra charge of 50c a ton for wheeling coal, and *1 a ton for coal carried to bin Operating License Granted B'J / isae* Sperinl NORFOLK. V*., June 27—A brunch office of the Lincoln National Life Insurance Company will be opened here soon, according to A. L. Dem. vice-president and general manager, who announced that the company has been granted a Ucense to operate in the state.

SECURITY LIST UNEVEN AFTER FIRM OPENING Automobile, Tobacco Issues Ease Fractionally; Silvers Dip. BV ELMER C. AVALZER I mtrd Prf* fmanru| Fditor NEW YORK. June 27—Trading turned dull in the early afternoon on the Stock Exchange today and prices turned slightly irregular after early firmness. Automobile and tobacco shares eased fractionally. Allied Chemical declined nearly 2 points to 135 1 k. Leading industrial shares hovered around previous closing levels. Silvers dipped from early highs. Rails were steady and utilities firm. Gold mining shares held well after a rise, but turned dull. Pullman featured railroad equipment shares with a gain of 2‘l points to 51*2. Westinghou.se Air Brake and Baldwin also firmed. There is a growing belief railroads soon will see fit to order much needed equipment now that the worst of the crisis for the larger roads seems to have passed. Phillip Morris, Ltd., the outstanding exception in the tobacco group made anew high for the year at 31 3,. up l'*s points for the day. Steel common was at 40%, up ’1 early in the fourth hour, while Chrysler was at the same price for a decline of %. Money and Exchange INDIANAPOLIS RAN* CLEARINGS —June 27 Clearings *1.793 too 00 Debits 4.791.000.00 FOREIGN EXCHANGE ißv Abbott. Hi-nmn & Cos.) —June 26 . Close. Sterling England $5 03'. Franc France 0659.34 Lira. Italv 0854 Belgias Belgium 2337 Mark. Germany 2857 Peseta. Soam 1367 Krone. Norway .2527 Krone. Denmark 2247 Treasury Statement ißv United Pressi WASHINGTON. June 27—Government expenses and receipts of the rnrrent fiscal tear 'o June 25 compared with the corresponding period of the previous fiscal rear: This year. Last year. Expenses *6 939 165.195.50 *5.030.929.542.49 Rereip's .. 3.077.745.376 37 2 052.655.901.80 Deficit ...3.861419.819 13 2.978.273.640 69 Cash. bat. 2.628.478 283 05 Investment Trust Shares (By Abbott. Hoppln & Cos.) —June 26 Biel Ask. American Bank Stocks Corp . 110 1.14 Amer A Gen See A 4 50 6.50 Amer Ar Inv Tr Sh 175 .... Basic Industry Shares 328 .... British Type Inv Tr Sh .44 .50 Collateral Trustee Shares A.4 52 4.62 Corporate Trust Shares loidi 206 2.11 Corpotate Trust Shares (newt 229 232 Cumulative Trust Shares .. 3 91 .... Diversified Trust Shares <A).. 6 25 Diversified Trust Shares ißi .. 7.62 7.75 Diversified Trust Shares iCi.. 299 3.03 Diversified Trust Shares ID).. 4 45 4.55 First Insurance Stock Corp ... .87 100 First Common Stock Corp ... 64 .70 Fixed Trust Oil Shares iA|... 7.87 .... Fixed Trust Oil Shares (8).... 687 . .. Fundamental Shares Inc 1.90 2.10 Incorporators Investments .. 17 05 18 50 Land Bank Bond Shares 1.20 1.33 Low Pirced Trust Shares 5.72 580 Mass Inv Trust Shares 18.40 20.00 Nation Wide Securities 3.24 3.30 North Am Trust Shares (531 . 1.88 North Am Trust Shares <55-56 1 2.32 2.35 North Am Trust Sh <sß< 230 235 Selected American Shares ... 2.50 Selected Amer Shares Inc Selected Cumulative Shares 639 Selected Income Shares 331 3.75 Std Amer Trust Sh lAi 2.86 290 Trust Shares of America. 2.65 2.75 Trustee Std iOl IAI 5.55 5.70 Trustee Std iOl ißi 5.00 5.12 U S Elec Lt A Pwr <A> 12 25 12 50 Universal Trust Shares 2.96 3.00 Daily Price Index (By United Press) NEW YORK June 26—Dun A Brandstreet dailv weighted price index of thirty basic commodities compiled for the United Press: (1930-1932 average. 100). Todav 1J2.61 Yesterday 112.70 Week ago 113 68 Month ago ljj}.'® Ypar ago (June 27< 99 42 1934 High 'June 191 113 68 1934 Low- .Jan 3l ..101.05 ■Copyright. 1934. hr Dun A Bradstreet. Inc.). New York Bank Stocks (By Abbott. Hoppm A Cos.) —June 36 Bid. Ask Bankers 63 <jV’2 Brooklyn Trust 106 110 Central Hanover 12r 2 leg 2 Chase National 26* 2 -J Chemical ;}2! 2 ii. National Citv 27 * ?' 4 Corn Exchange 51% 32 Continental I*' 2 14 Empire I? 4 , *!}■ First National l.Jj'J Ijj9® Guaranty 361 *"3, Irving .... - 1* , n-i* Manhattan A Cos 30’i 30 * Manufacturers 21 21. New York. Trust 103% 106 - Public 34 34 2 U. S. PURCHASES CATTLE IN DROUGHT DISTRICTS Government Buys 374,378 Head In Period of Three Weeks. By rMill'd /Vr* WASHINGTON. June 27.—'The government has purchased 374.378 cattle to aid farmers in drought areas, it was announced late yesterday. Purchases during the three weeks in which the program has been operating represent more than 42 per cent of cattle to be bought. In Minnesota. 58.100 head were bought; North Dakota. 239.370. South Dakota. 72.991: Wisconsin. 3,827. More than seven hundred cars of cattle were ordered shipped Monday. bringing the total carloadines of cattle to 4.638, distributed as follows : Minnesota. 1.577 cars; North Dakota. 837. South Dakota. 2.149; Wisconsin. 75. DECLARE $7 DIVIDEND Thompson Products. Inc., Wipes Out Arrears With Single rayment. By Timet Special CHICAGO. June 27.—Declaration of a dividend of $7 on the preferred stock was announced today by Thompson Products. Inc., bringing the company's arrears up to date. The last quarterly dividend paid was on March 1, 1932. A large producer of motor parts for the automobile and airplane industries. the company has approximately 3.654 shares of stock outstanding. The Rapid Electrotype Company has voted an extra distribution of 20 cents a share, while the Briggs Manufacturing Company declared a payment of 25 cents. Cotton Consumption Drops By Timet Special NEW YORK. June 27.—May consumption of cotton throughout the world totaled 1.135.000 bales according to the New York Cotton Exchange as compared with 1.136.000 bales in April and 1,340,000 in May. 1933. •

New York Stocks ——— — 'By Abbott. Hoppln & Cos. —————

AVERAGE STOCK PRICES FOR TUESDAY Net High. Low. Close, change. Thirty industrials 97.53 95.4fi 97.33 -r 1.54 Twenty rails 4%.86 43.70 44.57 -r-.92 Twenty utilities 24.16 23.70 24.19 -'-.49 Forty bonds •••• 94.65 —.OB Ten first rails •••• 101.36 -.05 Ten second rails .... •••• 81.40 .47 Ten utilities .... 96.61 —.Ol Ten industrials .... ... 97.24 -.12 - Up. -Off.

—June 27 Prev. Oil.— High. Low. 10:30. close. Amerada ... 49% Atl Rftr 25% 25% Barnsdall 7% Consol Oil ... 10', Cont of Del ... .. ... ... 19*. Houston 'newi ... ... ... 3*', Houston < old i .. .. ... . 19 V, Mtd Cont Pet 12% 12% Ohio Oil 11*. Pet COTp . 10 1 , Phillips Pet 17!a 17% Plymouth Oil 12 1 . Pure Oil 10 10 Shell Un 8% B', Soc Vac 16% 16 > SO of Cal 35' 35’ ■ 35 1 . 34% S O of Kan 37 S O of N J * ... 44'a 44 Texa. Corp ... 24% 23!. Tidewater Assn 12 Un Oil of Cal 16!. Steels— Am Roll Mills 19’ 2 19!i Be-h steel 34% 34 Byers A M 23'a 22% Cruc Steel 22' 2 Ludlum Steel .... 13% McKeesport Tin 87% Natl Steel 40% Rep Iron A Steel 16' 2 Rep Ir A Stl pfd 46 U S Pipe A Fav . . 24% U 8 S'eel .. 40 x i 4040% 40 U S Steel pfd 85% Warren Bros ... ... 9% Young wn SAT 21 Motors— Auburn 24% Chrysler 40% 40% Gen Motors .. . .. ... 31% 31 Gen Motors pfd. .. ... ... 102% Graham Mot •• 2’a Hudson 10 1 10'. Hupp 3% Maclc Truck 26% Nash 16% 16 Reo .. ... 3*a 3;, Packard 3% 3% Studebaker 4% 4% Yellow Truck 4'a Motor Access— Bendix 15 '2 I s Borg Warner 23% Briggs 1"% 17% Buda Wheel 3 Eaton Mfg 17 Elec Auto Lite 21% Houdaille A ’ Mullins Mfg pfd - 32 2 Murray Body 7 7 Stew \Varner 6% 6 4 Timken Roll ••• 4 Timken Det Axel 6 ■ Mining— Alaska Jun .... 21 20% 21 20% Am Metals ....". - • ••• 2 “, Am Smelt 43 42% 43 42 s Anaconda la I®,, Cal A Hecla •• • , •• • *% Cerro De Pasco 42% 42% 42% 42 Dome Mines .. 45% 45% 4o 4 4o 2 Granby ••• '2% Homestake Min.. • ■■ *9? Howe Sound ... 55% 55% oa 2 Ins Copper \ Int Nickel • ••• 25 a " Kennecott Cop .22 21 a 21 a 2\ 2 Mclntyre Mine . 5 49% 50 49‘ Noranda Cop ‘*3 a 4,i , Park Utah Phelps Dodge .. .. ••• 17/4 111 St. Joe Lead • n .5" 2 U S Smelters 130 129 Vanadium 21/4 Amusements— Crosley Radio Fox i’, 2 Loews Inc • •• Radio Corp .... 7% 7% 7a 7 1 RKO 2 % 2 4 Warner Bros 5 4 0,2 Tobaccos — Am Sum Tob 16 Am Tobacco A..••• 73% 73 -2 Am Tobacco 8.. 77 76% 77 77% Gen Cigars 92 a Lies A Myers B • 9 ' 2 Lonllatd 1* V* 19 , 2 Reynolds Tob B. 46% 46% 46% 46 2 Rails— Atchison 60% 60% Atl Coast Lines 40% 40, 8 B A 24% 24 Can Pac lj> Ch A Ohio 48 Chi A Gt W 3% C M A St 4% C M A St P Pfd 4% Chi N W 9% 9% Chi N W Pfd 17 Del Lac AW 23ya Erie Ij 4 Grt North pfd 22% 22% 111 Central 23 .2 Lehigh Valley J 6 Lou & Nash ••• 52' 2 o 2 M K & T 9<2 9>a M K A T pfd 23% Mo Pac 6 ... Mo Pac pfd , ••• 6 N Y Cent 30% 30% 30% 30% NYC A St L pfd 32 N Y New Haven 15% N Y Ont A W'est • -7% Norfolk A Wes 182 ... Nor Pac ... 25% 25 Penn R R 31% 31 Reading 50 4 Sou Pac. 25 24% 25 24% Sou R R 25 7 S 25% 25% 25% Sou R R pfd 32 % Union Pac ••• ••• 123,4 Wabash -3 W’est Maryland 1212 12% Equipments— Allis Chalmers 16% 16% Am Car A Fdy 21% Am Cr A Fdy pfd 40% Am Loco 24 24 Am Loco pfd 55 Am Steel Fdy 16 Bald Loco }0. 4 Burroughs 13 s Case J I 50% Cater Tract .... 27% 27% 27% 27 Deere A Cos 20% Gen Am Tk Car .. 37% Gen Elec 20% Gen R R Sig 32% Ingsol Rand 61 Int Harvester 33% 33 Natl Cash Reg lr% Pullman Inc 50 49% Rem Rand 10% 10% Und Elliot 47% 47% West, Air B 22% 22% Westingh Elec 3i% 36% Worthingtn Pmp .* ... ••• -1% Itilitie*— Am A For Pwr. .. ... BVa 8% Am Pwr A Lit 7% ATA H 4 Am Wat Wks 20% Brook Un Gas... .. ... 67/4 Col Gas A Elec. 14*2 14V 14 ! 2 14 Col G A E pfd * 11 Com A Sou .• 2 'B 2% Consol Gas .. 34% 34% 34% 34 Elec Pwr A Lit.. .. ... 6 5 a E P A L pfd 13% Int Hydro Eleo .•• 6 s a Int TA T 13*4 13% Lou GAEA 16% 17 Nat Pwr At Lit.. 10% 10% 10% 10% North Amer ... 17% 17% 17 7 a 17 3 4 Pac GA E 19% 19% Peoples Gas ... 33% 32% Postal Tel pfd 21 Pub Serv NJ..... ... ... 36% So Cal Edison 16% Std Gas }l% Std Gas pfd ... 12% 12 Stone A W’ebster 8% 8 United Corp —5% 5% 5% 5% Un Gas Imp .. 16% 16% 16% 16% Ut Pwr A Lit A 33 Western Union 46% 46 Rubbers— Fhrestone 17% 17 Goodrich . ■• • 13% Goodyear 28% 28 28% 28% Kellv Spring 2% U S Rubber 16% 18% U S Rubber pfd 46 46 Miscellaneous — Am Bank Note.. 22 21 "4 22 20% Am Can 98% 98 Anchor Cap 2D 4 Brklvn Man Tr 3/’ 3<;a Conti Can 79 78% Crown Cork 24-4 Curtis Pub _ 22% Curtis Pub Dfd 79% <9% Eastman Kodak .. ... 98 99 Gillette 10% 10 = Glidden 24% Owens Bottle 76% Ravbestos Mfg ... 18 Food s Am Sugar 6 64% 66 65_ Armour A ®% Beatrice Cream ■ 16% 16 Borden Prod .. 26 a 26 > 26 a 16’ a Cal Packing > ••• 32- a Canada D G Ale 21 % Coca Cola 1 2.7 2 Corn Prod - , 64 * Cuban Am Sug • •., J 4 ,6 4 Gen Foods 32% 32% 32% 32 Gold Dust ..... 20% 20 20 1 4 19'a GW r Sugar 34 4 34 Int Salt 29;: Loose Wiles Natl Biscuit .... 35% 35% 30% 35 Natl D Prod 18 18 Purity Bak . .. • *3% S Porto Rico Sug 36 35 • 36 46 Std Brands 20 3 20% Un Biscuit • United Fruit Wrigley .. ••• ••• Retail Stores— Ass Drv Goods 11 First Natl Stores 63% 63 Hahn Dept Sts . • .•■ • *, 4 Kresge S S 18 a 18 3 a 18 a 18% Kroger Groc .... 31% 31% 31% 31 Macv R H 41 Marshall Fields }6% Mont Ward 28-, .8> Natl Tea if;, lf;s Pennv J C ••• 56% 56: tears'Roebuck:: 43 % ’43 42% *U4 Aviation — Aviation Corp J * Curtiss Wright 3% % Curtiss Wright A 10% IJJJ, Douglas Air 20 Nor Am Av J-, Speery Corp . • 8 , 8 United Aircraft. 16% 18% 18, 18;s Wright Aero 51% Chemirals — Air Reduction. , loj Allied Chem • .. v ••• 137 13< Am Com Alcohol 35 Col Carbon ifi 2 Com Solvents... • 23 22 DuPont 91% 91% 91% 90% Freeport Tex „„ 31% Alkali ... • • 2J Hit

THIS POLIS TIMES

Montosonta Chm .. ... .■ 49' Natl Dis 1 new).. .. ... 24’i 21' t Scheneley Dist 28% 28% Tex Gulf Suiph . 33% 33% Union Carbide .. 44 42% 44 42' 2 Drugs— • Cot v Inc 6 5’ a Lambert ... 26% 25' 2 Lehn & Fink 20 Un Drug 15% Zonite Prod ... 5% s'a Financial— Adams Exp ... 8 8% Allegheny Corp 2% 2% Am Int Corp 8% 8% Lehman Corp ••• . •• .* 66': Transamerica ... 7 6% 7 6 3 f Tr Conti Corp 4% 4 % Building— Am Radiator ... 14% 14% 14% 14 Gen Asphalt ... ... 18% Int Cement ... . 25’2 Johns Manville . . 53% 53 Libby Owens Gls 31% 31% 31% 30% Otis Elev ... 16 15% Household— Col Pal Peet 16% 15% 16% 16% Congoleum ... 28 27% Kelvinator 17% 17 Mohawk Carpet 17% Proc & Gamble 36 36 Simmons Bed ..... 15% Textiles— Amer Woolen ..... 10% Belding Hem 12% Celanese Corp .... 25% Collins Aikman 16% Gotham Hose ..... ... ... 8 Indus Ravon 24'i 23% Kayser Julius 17 New York Curb (By Abbott. Hoppin & Cos.). —June 26 Close.i Close Allied Mills... . B'l Hiram W.ilker.. 37% Am Cyanide B 17% Hud Bav Min.. 14 Am Gas & El. 26% Humble Oil 42% Am Superpower 2'a Imperial Oil Ltd 14% Asso Gas & El. Int Petrol ... . 27% Atlas Corp .. 10%'Lake Shore Min 54', Axton Fisher T 53 Lib McN Libby. 5% British Celanese 3 ILone Star Gas . 5% Can Indus A A 8% Natl Bellas Hess 3!, Can Marc ... 2% Newmont Min.. 53 Carrier Corp.. 8 Nia Hud Pwr.. OV2 Cities Serv ... 2% Pan-Am Airways 35 Consol G of B 64 Park Davis 24'i Cord Corp ... 4'VPenn Road .... 2% Creole Petrol.. 12% St Regis Paper . 3% Deere & Cos .. 20% Sal Creek Prod 6% Distillers Lim . 22% Sherwin Wms.. 67 Distillers Corp. 15% Std of Ind 27% Ei Bond & Sh. 15% Std of Ky 16% Fisk Rubber •• 11 Technicolor Ind 13% Ford of C (A) 21 iTeck Hughes G. 6% Ford of Europe 7% Un Gas • 2% Glen Alden Coal 18% Un Pw As Lt (A) 2% Gulf Oil of Pa.. 61?s IWr Hargraves M 9%

Chicago Stocks 1 1 (Bv Abbott. Hoppln & Cos.) ■

—June 27—• High. Low. 11:30. Adams Mfg 10% Berghoff 7% 7 7 Bastian-Blessing ... 4% Bendix Aviation 15% Borg-Warner 23 U Butler Bros 9 8% 9 Chicago Corp com 2% 2 2 Cities Service 2% 2% 2% Commonwealth Edison | 53% Cord Corp 4% Crane Cos 8% Kingsbury .. 4% Libby-McNeil 5% 5% 5% National-Standard ... .. ... 25% Noblitt-Sparks Ind Inc 12% Pines Winterfront 42 Prime Cos 5% Swift & Cos 13 17% 17% Swift International 32% 31% 31% Thompson. J 6% 6',4 6% Utah Radio 1% Walgreen Cos., com ... 27 Zenith Radio ... 2%

Bond Prices (Bv Fenner Beane''

—June 17High. Low. 10:30. AUcg Corp 5s ’SO ... 38'% Am & For Pwr 5s 2030 52 51% 52 AT & T (lb 5s '65 110% 110% 110'% Atchison gen 4s '95 103% 103 103% B & O CV 4%S ’6O 65% 65% 65% Beth Steel 5s A ’36 102% Brazil 6%s 128) '57 .. 25% Can Pac 4s 81% 81% BJ% ChMSPA-P adj 5s A 2000 13% 13% 13% ChMStP&P rs 5s A '75. 40% 40% 40% Denmark 5%s ’55 ... 89% Erie R R rs 5s ’67 53% Goodyear 5s '57 100'% 99% 100% Gt Nor 4%s D '76 .. . 76% Gt Nor 7s A '36 95 94% 95 Interboro R T 5s '66... 7154 70% 71% Int T & T db 5s '55... 64% %3% 66% Lorillard 7s '44 ... .123% 123 123% Nat Dairy db 5%s '4B . 97% 97% 97% N Y Cent 4%S O 2013 75% Pac Gas & El 5s A '42 105% Para Pub 5%s ’SO . ... 54 Penn R R 4%s D '81... 98% 98'% 98'% Poland 7s ’47 113 112% 112% Shell Un Oil 5s '47 98% 98% 99"4 Texas Corp 5s '44 103% 102% 103% Tob Pr N J 6%s 2022.. 106 105% 105% Un Pac Ist 4s '47 ...105% 105% 105% U S Rubber 5s A '47... 86 85% 86 Vanadium 5s ’4l 81 Western Un 5s 'sl 85 C. S. GOVERNMENT BONDS (By United Press) NEW YORK. June 26.—Closing liberties (decimals represent thirty-seconds); —Liberty—3'2S 132-47) 104.3 First 4'.s (32-47) 103.6 Fourth 4V*s (33-38) 103.22 —Treasury—4'is—3'.is (45) 103.19 4'„s (47-52) 113. 3%s (43-47) 104.19 3%s (41-43) March 104.31 3 s sS (40-43) June 105 3%s (43) 104.31 3'ss (46-49) 102 13 3s (51-55) 101.8 FEDERAL FARM LOAN BONDS (By Blvth & Cos., Inc.) Bid. Ask. 4s Nov. 1. 1957-37 100% 101 4s Mav 1, 1958-38 000% 101 4%s Julv 1. 1956-36 100% 101 4%s Jan. 1, 1957-37 100% 101% 4%s Mav 1. 1957-37 100% 101% 4%s Nov. 1. 1958-38 100% 102 4%s Mav 1. 1942-32 100% 101 4%s Jan. 1 1943-33 100% 101 4'/is Jan. 1. 1953-33 100'- 101 4%s July 1. 1953-33 100% 101 4%s Jan. 1. 1955-35 100% 101% 4%S Julv 1. 1954-34 100 101% 5s Mav 1, 1941-31 101% 101% 5s Nov. 1. 1941-31 101% 101% Home Loan—--4s July 1. 1951 100.23 100.28 Federal Farm Mortgage Corporation—--3%s March 15. 1964-44 101.14 101.19 The latter two quotations are in thirtyseconds.

Bright Spots •“(Bv Abbott. Hoppln & Co.l -

United States Smelting Kenning and Mining Company declares the regular dividend of *2 a share on the common stock, payable July 14. International Business Machines Corporation declares the regular quarterly dividend of $1.50 a share on the common stock, payable Oct. 10, of record Sept. 22. The dividend was declared in advance because there will be no quorum for the August meeting. Holland Furnace Company annual statement for the fiscal year ended March 31 shows a net loss of $97,319 after all charges including interest and depreciation of $309,712. This compares with a net loss of $2,410,797 in the preceding fiscal year. Briggs Manufacturing Company declares a dividend of 25 cents a common share, payable July 30, of record July 16. International Printing Companv. Inc., declares the regular quarterly dividend of SI 50 a share on the preferred stock, payable Aug. 1. of record July 14. Electric Power and Light Company in twelve months ended May 31 had a net loss of *1,190,471 after taxes, interest, depreciation, subsidiaries’ dividend requirements, minority interest and other charges as compared with a net profit of *1,4*7,000 in the previous twelve months. Canadian Northwestern Railroad Companv car loading* in the week ended Jup'e 23. totaled 24 143 cars, against 23.58 1 in the previous week and 22.739 in the corresponding 1933 week. Lead Stocks Advance By Timet Special CHICAGO, June 27.—American bureau of metal statistics reports total stocks of lead in the United States at the end of May amounted to 233.432 short tons, as compared with 222.892 short tons at the end of April, and 197,109 short tons on May 31, 1933.

HOG PRICES OFF STO 15 CENTS AT STOCKYARDS Cattle and Sheep Follow Porkers to Lower Trading Levels. The local livestock market lost part of yesterday's strength and h'ogs dropped 5 to 15 cents at Union Stockyards today. Swine receipts declined 1,000 from yesterday's total to 7,000. Holdovers numbered 437. Bulk price for heavier weights ranged between $4.70 and $5.05 with medium weights going to bidders offering $3.75 to $4.35. Lighter weights sold at $3 to $3.50, and packing sows brought prices ranging between $3.50 and $4.25. The cattle market held most of the previous session's strength, but receipts dropped to 900 with calves receipts numbering 700. Better heifers and most steers held around steady but lower grade classes fell off as much as 15 cents. Bulk steers sold between $6 and $7.50 with a few yearlings climbing as high as $8.50. Choice heifers were salable at $6.25 to $6.75. Others ranged from $6 down. The veal market held steady with the previous session and prices continued at $4.50 down. The largest drop in the market came in sheep trading, where prices declined from 25 cents to 50 cents. Ewe and wether lambs sold at $8.50 to $9. and bucks brought $1 less. Slaughter sheep ranged between $1.50 and $2.50. Receipts of sheep were 1.200. Asking on hogs at Chicago was steady with yesterday’s average, with a few scattered bids at 10 cents lower at $5 down. Receipts numbered 20.000, including 6.000 direct. Holdovers numbered 3,000. Cattle receipts totaled 11,000 and calves receipts 3.000. The market was steady. Sheep receipts were 7,000; market, steady. June Bulk. Top. Receipts. 21. Sf.n.H; s.in $5.20 6.500 22. 4.95® 5.10 5.15 8,000 23. 4.90®) 5.10 5.15 1.500 25. 4 35® 5.00 5.10 7.500 26. 4.85® 5.10 5.15 8.000 27. 4.70@ 5.05 5.10 7,000 Market. Lower (140-160) Good and choice....s 4.10@ 4.35 —Light Weights—--1160-1801 Good and choice ... 4.70® 4.75 (180-200) Good and choice ... 4.80® 4.85 —Medium Weights—--1200-220) Good and choice ... 4.90® 4.95 (220-250) Good and choice .. 4.95® 5.10 —Heavy Weights—-(2so-290) Good and choice ... 5.05® 5.10 (250-350) Good and choice.... 4.90® 5.05 —Packing Sows—(2so down) Good 4.00® 4.25 1250 lbs.) Good 3.75® 4.15 (All weights) Medium 3.50® 3.90 —Slaughter Pigs—-(loo-130) Good and choice ... 3.00® 3.50 CATTLE Receipts, 900; Market, Steady Good and choice $ 6.50® 900 Common and medium 4.00® 6.75 (1.100-1,5001-Good and choice 7.25® 9.25 Common and Medium 5.50® 730 (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, 700; Market, Steady Good and choice S 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 4.25® 5.75 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts, 1.200; Market, Lower (Shorn Basis) Spring lambs, good and choice $ 8.50'S 9.25 (90-110 lbs.) good and choice. B.oo® 990 (90-lbs. down) com. and med.. 6.50® 8.00 —Ewes— Good and choice 2.00® 3.00 Common and medium 1.50® 2.00 Other Livestock (By United Press) CHICAGO, June 27.—Hogs—Receipts. 20.000, including 6.000 directs; market slow. 10 cents lower than yesterday; packing sows, 15 to 25 cents lower: 200-350 lbs.. 54.90® 5: top. $5.05; 170-200 lbs.. $4.50 (" 4.90; light lights. s4® 4.40; pigs. s3® 3.75; packing sows. s4'//4.50; light lights, 140' 160 lbs., good and choice. s4® 4.50; light weights. 160-200 lbs., good and choice, $4.35®5; medium weights, 200-250 lbs., good and choice, $4.85® 5.05; heavy weights, 250-350 lbs., good and choice. $4.90 ®i.os; packing sows, 275-550 lbs., medium and choice. $3.85® 4.50; slaughter pigs, 100130 lbs., good and choice. S3®4. CattleReceipts. 11.000; calves, 3,000; all grades fed steers and yearlings fully steady; early top medium weight and weighty steers, $10.25; several loads selling at slo® 10.25; some held higher; general killing quality improved: abridgement supply lower grade tending to stimulate market on killing steers and yearlings of value to sell at $7 down; other killing classes uneven, mostly steady; slaughter cattle and vealers; steers, 550-90 C bs., good and choice, s6® 8.75: 900-1,100 lbs., good and choice, $6.25 ® 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 choice. $5.25® 7.25; common and medium, s3® 5.50: cows, good. $3.75® 5; common and medium. $2.35® 3.75; lowcutter and cutter. slso® 2.35: bulls, yearlings excluded, good. beef. s3® 3.75; cutter, common and medium, $2,254)3.50; yearlings. good and choice. $4®5.50: medium. 53.50® 4; cull and common. $2.50® Stocker and feeder cattle: steers. 550-1.050 lbs., good and choice, $4.25® 5.50: common and medium. $3.25®4.25. Sheep—Receipts. 7,000; spring lambs slow; undertone weak to 25 cents lower: some bids sharply ofT: talking around $9 to $9 25 on good to choice natives best held toward $9.50; as yet nothing done on yearlings; sheep steady: ewes. 51®2.25 mostly; slaughter sheep and lambs: spring iambs, good and choice. $8.75® 9.50: medium. $7.25® 8.75; ewes, 90-150 lbs., good and choice. $1.50® 2.25: all weights, common and medium, sl® 1.75. FT. WAYNE. June 27.—Hogs, 15 to 20 cents lower: 250-300 lbs.. $4.90: 200250 lbs.. $4.80: 180-200 lbs.; $4 70 160-180 lbs.. $4.60; 300-350 lbs.. $4.70; 150-160 lbs.. $4,10: 140-150 lbs. S3 Bo: 130-140 lbs.. *3.60; 120-130 lbs.. $3.30. 100-120 lbs.. *3.05: stags. $2 Calves. $5; lambs. $8.25. LAFAYETTE June 27.—Hog market. 5 to 15 cents lower: 225-300 lbs.. $4.90® 4.50. 140-160 lbs.. $3.85® 4.10; 120-140 lbs.. S3 25® 3 50: 100-120 lbs . 52.75®3: roughs. $4.25 down; top calves, $4; lambs, $7.50 ® 8. (Bv Times Special) LOUISVILLE. June 27.—Cattle Receipts 350. including 180 billed direct: slaughter cattle in light supply; quality verv plain: demand narrow; market dragtyv. barelv steady to weak: most! common to medium grade steers andj heifers salable. s4® 5. plain thin-fleshed/ grassers salable down to $3 and less;: sstrictlv good d.wfeds Quotable 'o $6 25 or better: most beef cows of quality to ses7 from $2.50®3: good drvfeds to S3 50 artd above: low cutters and cutters mostlv SI/?/ 2 25: sausage bulls Quotable 52.25®83: Stockers absent Calves—Receipts. 4f)0: market steady; bulk vealers. $4 do sn. Hogs—Receipts. 1.000: 10 cents lower; finished. 185-275 lbs.. $5: $2.75 lbs. up, s*'3o; 160-185 lbs S4: 145-160 lbs . $3.65: 320145 lbs. $2 25; sows, $2 75: grassy and iUnflnished hogs discounted. 50c%51. Shejep— Receipts. 4.00: run mostlv truckmd-in soring iambs: quality fairiv desirable, market not established; sellers generally Voiding for steadv prices; most earlv. bids around 25 cents lower: best spring tombs, holding better: trucked-in ewes, and wethers at $8 to mostlv $8.25: askfng up to $9 for choice strong we;ghr loijc-haul overnight and rail lambs; bucks subject to *1 discount: mos* throwout lanjiis salable *5.50 down fat ewes. $1 ®2| stock ewes strong to higher: bulk. *5 a)® 7.50. choice voung ewes Quotable hig'.iar. Business Failures Drop By Timet Special NEW YORK. June 27.—Dun Sc Bradstreet reports business failures in the week ended June totaled 233 as compared with 2fp. in the previous week and 373 in ,the corresponding 1933 week. <

Government Deposits in Member Banks Increase

Gain of $147,000,000 Is Shown in Personal Accounts During Week. By Timrt Sprrinl CHICAGO. June 27—Weekly report of the federal reserve system i this week shows government de- i posits with member bank's increased , sharply during last week. Bank holdings of federal securities gained approximately the same amount as government deposits, it was revealed. - War loans were increased by the government $348,000,000, New York accounting for 5222.000.000, Chicago $24,000,000 and interior banks the remaining $12,000,000. Member banks in New York increased their portfolios of government bonds 571.000.000. Chicago banks $38,000,000 and interior banks 5230.000.000, making a total of $339,000.000. Gross Deposits Rise Gross deposits of member banks in ninety-one reporting cities rose $177,000,000. New York reporting a gain of $39,000,000, the interior a rise of $159,000,000. while member banks here has a lass of $21,000,000. A gain of $102,000,000 in individual desopits reported by the interior was more than offset by losses of $24,000,000 here and $192,000,000 in New York. A net loss of $147,000,000 was reported in deposits of nonmember institutions with member banks, all points showing large decreases. Security loans shrank $5,000,000 in the interior, but gains of $13,000.003 and $7,000,000 in New York and Chicago, respectively, more than wiped out the loss. Business Loans Drop Business loans continued to decline during the week, a total loss of $40,000,000 being shown. New York dropping $31,000,000 while the interior and Chicago each reported a drop of $9,000,000. The interior accounted for $190.000.000 of the $293,000,000 gain in total loans and investments, with New York and Chicago adding $61.000.000 and $36,000,000, respectively. Holdings of securities, exclusive of goverments, declined $12,000,000. New York advancing $14,000,000. but the interior dropping $26,000,000/ while banks here were unchanged. Produce Markets Dpllvpred 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 fresh country run eggs, loss off 11 %c. 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—Na. 1. 28®29c; No. 2. 26®27c. Butterfat. *22c; Quoted by Wadley Company. (Bv United Press) Chicago. June 27.—Eggs—Market, unsettled; receipts. 10.204 cases; extra firsts. 14%c: fresh graded firsts, 14%c: current receipts, 12%®13%c; dirties, No. I, 12%c: No. 2. 11c; checks. No. 1. ll%c; No. 2, lie. Butter—Market, unsettled; receipts, 13,755 tubs; extra firsts (90-91 % score). 22%®23c; extras (92 scorei. 23%c,': firsts (88-89% scorei. 21'2® 22c; seconds 'B687% scorei. 20%®21c; specials. 24%® 24%c: standards 23%c: centralized (89 scorei. 22'lc; centralized 188 score), 21%c. Poultry Market—Unsettled; regeipts 31 trucks, 1 car due' hens heavy. lc; broilers. colored and white rocks, 18p: fryers, white rock. 19c; springers, rack 22%c: spring geese, 13c: turkeys. 18c; heavy spring. 14%c; Leghorns. 10c: oDd roosters, B%c; light Leghorns broilers, 15c Cheese —Twin, 13%® 13%c; Longhorns, 13%®-14c; daisies. 13%® 14c. Potatoes —Old stock— Sunpplv moderate; no demand/ or trading: no sales reported. New sjtock —Supply moderate; demand and trading good: market strong on Cobblers: Arkansas Triumphs, $1.60® 1.70; Unitod States No. 2. $1.10: Oklahoma Triumphs. $1,57%: North Carolina Cobblers sl.4*l® 1.50: barrels $2.45® 2.60. Arrivals 53; oai track 232; shipments 736. CLEVELAND. June 27.—. Butter market weak; extras 27%c: standards. 28c: eggs market, weak; extra white. 15c: current receipts. 14c. Poultry—Market steady; colored fowl 6 lbs and un. 15c: Leghorn fowl mediums, 15c: broilrrs colored. 22 2.3 c: old roosters. 9c; duejes white. 5 lbs and up. 14® 15c. Potatoes—North Carolina $2.35® 2.40 per bbl. On Commission Row —June / 27 —Fruifts— Apples—Fancv Delicdous. $2.65: Transparents. $2®3.25. Blackberries—24-at. ■ crate. $2 25. Cherries—Home grtbwn. 16-at. crates, $1.60. Oranges—California* Sunkist. $5.50(3 5.75; Valentias. $5.5^5.75. Lemons—Sunkist. •$6.50. Grapefruit—Florir'to seedless. $4.25. Strawberries—Horpe grown. 24-at. crate. $2.50® 3. Raspberries—Southern Indiana black. 24ot. crate. $2: red. s3® ). Cantaloupes—California jumbos. 455. $4: standards. $355; Honeydews. $2.75. Pears—Calavos. *53.50 per box. Watermelons—Florida Watsons. 30-lb. average. 75c Bananas —Per Tound. sc. —Vegetables— Sweet Corn—(Alabama. 5-dozen crate. $1.65. Cabbage—Honse grown, bushel. 65c. Celerv—Michfcan. 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 McCSures. $1.65: Idaho Russets. 100-lb. bag. SB: new Texas Triumphs. $1.70. Sweet Potatoes—Tennessee Nancy Hanks, hamper. $2.4D. Beans—Roamd. stringless. $1.50. Beets—Neat 30c a dozen. Carrots —California. 6-dozen crate. $3 25: home arow;a. doz.. 35c. Caulifloweir—Home grown, bushel. $1.75. Lettuce—Outdoor. 15-lb. basket. $4: iceberg best, S4 a crate. Peas —Intliana. $2.50. Radishes—Home grown buttons, large bunch. 35a Rhubarbs—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 Pressi CHICtIAGO. June 27.—Apples—Michigan spies. $F,25 bushel: Illinois transparents. $2.25 hpshel. Carrots—California. $2.25 crates. Cucumbers —Illinois. 75c®51.50 '2 dozen). Hot house: Illinois bushel. sl® 1 25. (Beans —Southern green. 75c® $1.25; Illinois* 50® 75c hampers. Tomatoes— Texas,'sl.2s® 1.75 lug box. Sweet Potatoes —Tennessee. $1.90 bushel hampers. Mushrooms—lllinois. 15® 35c lb. cartons. Asparagus—lllinois. 50®85c crates. Strawberries — Michigan. *1.50® 225 (16 quarts': Wisconsin. $1.75®2.25. Peaches—Georgia. 90c®M1.3S 1% bushel). Red Raspberries— Illineis. $1 50® 2.50. Onion Market— 150lb. sacks): Texas whites. $1.45® 1.50. California yellows, $1.15® 1.25. PASSENGER CAR SALES SHOW GAIN OVER 1933 Bhiick Exports Total .3,826 in First Five Months of Year. (By Timet Special 1 CHICAGO, June 27.—Sales of 'passenger cars in May amounted to 217,000 units, against 160,225 in May last year and 222,900 in April of the current year, according to an estimate by R. L. Polk Sc Cos. Buick Automobile exports during the first five months of the year totaled 3.826 against 1,244 in the last five months of last year, Harlow H. Curtice, president, reported. AMERICAN DOLLAR WEAK Sterling Rate Drops Cent as Gold Price Moves Upward. By United Prett LONDON. June 27 —The dollar was weaker today with the pound at $5.03%. Gold rase 3 cents to , 534.78 a fine ounce, with the sterling rate 138 shillings 1% pence, down 1 penny. The price was fixed yesterday with the pound at $5.02’%. By United Prett PARIS. June 27.—The dollar was fractionally weaker today with francs at i5.16t0 the dollar (6.595 ceats a franc).

PHONE STATIONS DROP New York Company Reports Decline of 3,773 in 'three Weeks. Hit ’J imrs Special NEW YORK. .Tune 27.—A docrease of 3.773 stations for the first I three weeks of June was reported ; late yesterday by the New York j Telephone Company. This compared with a net loss of 12.404 stations in the same period of 1933. A decrease of 25.871 stations was registered during the same period of 1932. the company announced. Loss of stations in June rep.-vents a seasonal trend. JOBS, PAY ROLLS RISE IN CHICAGO Construction Firms Advance Wages 46 Per Cent in Seventh Area. By 7 imrt Special CHICAGO. June 27.—The Seventh Federal Reserve district which includes Chicago and surrounding territory continues to show improvement in employment and pay rolls, according to reports of the Federal Reserve Bank of Chicago. Reports of 5.393 firms employing 1,012.348 persons shows a gain of 1.3 per cent in the number of employes and 0.7 per cent in earnings during the week of May 15 over the week ended April 15. Construction firms reported the largest gains among all industries having a total of 10.946 employes, an increase of 27.2 per cent, and advancing wages to $253,000, a rise of 46 per cent. Stone, clay and glass industry led the manufacturing group, with reports showing 10.624 rmployed. a gain of 6.5 per cent and earnings being raised 10.1 per cent to $217.000. Manufacturing groups as a whole gained 1.2 per cent in number of employes, and earnings declined 0.2 per cent. The greatest decline for the week was made by the rubber products industries of Michigan and Wisconsin, employment dropping 15 per cent, and wages 19.9 per cent. Marriage Licenses James Robinson, 24. of 1123 South Pershine avenue, construction work, and Elizabeth Rankin. 19. of 1127 Soutn rersi.ine avenue, housekeeper John Reddell, 35. of 5223 East Washington street, tailor, and Velma Mullins. 28, of 5822 East Washington street, missionarj’. John Murray. 30. of 521 South Harding street, heater, and Zora Kenworthy, 22. of 914 Concord street, housekeeper Frank Bagley, 20, Gas City, glass worker, and Geraldine Havens. 18. of 2319 Hoyt avenue, housekeeper. Walter Stoeffer. 34, of 420 Arsenal avenue, physician, and Alleene Hoch. 34. of 1901 Broadway, teacher. Robert Turner. 28. of New Augusta, coffee man. and Elsie Fields. 24. of 2224 North La Salle street, housekeeper. Charles Davis, 68. of 2017 Beliefontaine street, truck driver, and Laura Evans, 50. Indianapolis, housekeeper. Buren Mitchell. 23. of 902 North Pennsylvania street, Real Silk. and Fern Brackett. 20. of 1426 North Sheffield street, housekeeper William Ruskaup. 54. of 714 Dorman street, grocer, and Helen Bigelow. 33. of 1315 East Michigan street. Albert Thomas, 27. of 3362 Kenwood avenue, ink maker, and Tressie Burris. 25. of 1304 Broadway. Real Silk. Charles Webb. 23. of 1110 Prospect street, laborer, and Marv Bocock. 23. of 1109 North Kealing avenue. Real Silk. Simon Jenkins. 35. of 309 Prospect street paper cutter, and Elsie Anderson. 24. of 0140 Winthrop avenue, nurse. William Steele, 51, Zionsville, gas employe, and Ella Armstrong, 55, Acton, dressmaker. Claude Lemons. 22. of 1310 Oliver avenue, laborer, and Frances Wilson, 19. of 525 Chase street, housekeeper. Howard Pearson. 21, Worthington, mortician, and Gwendolyn Thompson. 20. of 4363 Winthrop avenue, comptometer operator. Jesse Webster, 33. of 412 North Alabama street, manager, and Elizabeth Tucker, 31. of 3110 Park avenue, buyer. Augustus Anderson. 65. of 1153 Dawson street, sanitary ' engineer, and Edythe Starkey, 43, of 1034 Villa street, housekeeper. Lee Harper, 24. of 3006 North Delaware street, salesman, and Mary Sharp, 23. of 3132 Broadway, stenographer. Charles Prihtz. 27, of R. R. No 6. Box 237. nurseryman, and Thelma Swope, 18 of 2153 Ransdeii street, housekeeper. Aloysius Richart. 25. Seymour, bowling alley owner, and Clara Schneider. 25. of 3836 Graceland avenue, housekeeper Elden Nelson. 19. of 324 South Missouri street, boiler maker, and Dorothy Rogers, 1203 North Warman avenue, housekeeper. Ralph Wilson. 26. of 614 Arch street, tires, and Rosanna Peterson. 22, of 614 Arch street, machine operator. Anthony Mauley. 28. of 1127 West Eighteenth street, plumber, and Martha Olsen. 21. of 1428 Roache street, stenographer. Ronald Starkey. 24. of 249 Blue Ridge drive pharmacist, and Lucile Nemeyer. 26, of 518 North Oakland avenue, housekeeper Edward Coate. 60, of 1222 English Clifty. housekeeper. avenue, laborer, and Josie Miner, 57. Donald Garretson, 24. Cincinnati, clerk, and Marjorie Mattox. 22. of 941 North Meridian street, stenographer. Sherman Jackson. 59, of 619 West Thirteenth street, laborer, and Sarah Mumford, 56. of 1514 North Senate avenue, domestic. Adolph Beaslev. 22. of 1137 South Tremont street, porter, and Elizabeth Chambers. 18. of 723 Ogden street, maid. Harrv Gish. 23. of 1630 Lexington avenue. store manager, and Josephine Bennet. 19. of 1122 Orange street, housekeeper. John Lvtle. 46, Newcastle. machinist, and Luoy Cream. 31. of 860 Virginia avenue. domestic. Raymond Moss. 25. of 2742 North Gale street, cleaner, and La Veda Dillev. 18. of 2233 North Dearborn street. housekeeper. Bovd Banner. 43. of 949 North Pennsylvania street, salesman, and Inez Evans, ; 27. of 949 North Pennsylvaina street, i secretary. Virgil Colbafh. 23. of 6276 College avenue. clerk, and Helen Farouharson. 22, of; 710 East Sixty-third street, clerk. i Alfred Aulbach. 34. of 907 Grand ave- 1 nue. harber. and Clara Grande. 31. of 907 J Grande avenue, florist. Cecil Knarr. 27, of 505 North Main j street. Frankfort, compositor, and Willa Golden. 25. of the Lockerbie, house- ! keeper. - _ Walter Bohlev. 26 R R. No. 1. Box 13 laborer, and Cora Hubbell. 27 R. R No ! 1. Box 257. punch press worker. Raymond Johnson, 26 of 140 West j Nineteenth street, presser. and Evelvn ; Hope. 28. of 143 West Twenty-first ( street, nurse. John Luckey. 33 of 2608 South Delaware street, horseman, and Melba Lynch, 23, of 809 North East street, waitress. Lucian Long. 23. of 2010 Yandes streev shoemaker and Bessie Middleton, 19. of 1950 Yandes street, housekeeper. Francis Dransfield. 28. of 2280 South Meridian street, monument dealer, and Margaret Neidhamer, 31, of 651 West Thirtv-second street beautician. William Walker. 40. of 2018 Hovey stree'. no occupation, and Clara Nelson, 19. of 2013 Hovev street, housekeeper Johnson Cox. 53 of Evansville, teacher, and Ethel Roy. 42. of 4049 Rockwood avenue, teacher Anthony McCann. 39 of 2215 North Pennsylvania street, insurance, and Mary Rvan, 32. of 528 Eastern avenue clerk Woodrow Swick. 22. of 213 North Sheffield avenue, core maker. and Helen Sample. 17. of 202 North Traub avenue housekeeper Delbert White. 25. of 2442 Ethel avenue, car washer, and Robertine Shenwell. 19, of 2708 Ethel avenue, waitress. John Markin. 37. of 1544 Martindale avenue laborer, and Marietta Timmons, 18 of 1920 Ralston avenue, housekeeper. Donald Jones 22 of 2722 West Washington street, underwriter, and Ardith Whitmire 22. of 1022 Pershing avenue cashier ; William Barnett. 21. of 5912 Julian avenue, cleaner, and Marv Booth. 23. of 280 Downev avenue stenographer Victor Alexander. 39 of 1427 North Delaware street, nurse and Ann Arnold 45. of 1427 North Delaware street, housekeeper. Dividend Changes Favorable By Timet Spcrial CHICAGO. June 27.—Favorable dividend changes la-st week totaled forty-four, the highest number for any week this year, and compared jvith twenty in the previous week, according to Standard Statistics Company. Unfavorable changes numbered eleven, against nine in the preceding week.

PAGE 11

GRAIN FUTURES CONTINUE FIRM IN DULL TRADE Wheat. Corn. Oats and Rye All Show Fractional Advances. RV HARMAN H. NICHOLS \ nited Press Staff Corrrupnndent CHICAGO. June 27.—Although the market was without special feature. there was no pressure at tho start and grain prices firmed on the Chicago Board of Trade today. Wheat opened % to % cent: higher, com was up % to \ cent, oats were % to % cent improved and rye was % to % cent higher. Renewed reports of chinch bug damage came from sections of Ohio ind Illinois and experts feared for the growing crop. Meantime, the wheat belt remained generally without moisture. Liverpool showed a tendency to advance, but the market was dull. European crop reports continued bullish. Chicago Futures Range —June 27 Prev, Wheat— High. Low. in 90. close. July 95% .95% 90% 90 Sept 91 % .90'* .91% 90% Dec. 92% .91% .92% .91', Corn— Jill? 57% .57% .57% .StC, Sept 59 v 59 39 % 59% Dec 60% .60 .60% '.59% Oat*— July 42% .42 .42% .42 Sept 42% .42 .42 % t 2 Dec 43% .43% .43% 43 Rvf— J'llV 65% .65 v , .65% 64% Sept .67% .66% 67% 68 Dec- 69% .68 1 .68% .68% Barley—Sept 51% .51 .51% .51-% CHICAGO PRIMARY RECEIPTS —June 26 Bushels .... . Todav Last Wlr. " heat 1.372 000 568 oro Corn 436.000 557 000 j Oats 123 000 141. 0r0

Cash Grain

INDIANAPOLIS —June *,6— ThP bid for rar lots of grain at the rail of thr India nanolis Board of Trad* Ji o. b.. shinning point, basis 41 < 2 New York rate, wore: Wheat—Weak: Mo. 1 rod. 80*bdv 81 ’ ic: No. 2 red. 79-frßo l ; No. 2 hard. 79 ' a 4rßoc. Corn—St rone: No. 2 white. 56'•'./59' No. 3 white 55 ’ -/ 5S 1 2 c: No. 2 vellow. ‘S3 No. 3 vellow, 5241530: No. 2 mixed. 524?53c: No. 3 mixed. 51 and/ 52c. | Oats—Straay: No. 2 white. 39ft 40c: No. 3 while. 384?39c. Ha T —iF l . o. b. country points taking 23',-c or less to Cincinnati or Louisville.) No. 1 tim ithv. $124; 12.50. —lnspections Wheat—No. 2 red. 1 car: total. 1 rar. Corn—No '• white 5 cars: No, 2 vellow. 3 cars; No. ? vellow. 3 cars: No. 6 vellow. 1 ear: total .3 cars. Oats—No. 2 white 1 car: total 1 car. I.ocal tVaenn Wheat City grain elevators are paving 75 cents for No. 2 soft, red wheat. Other grades on their merits. (Bv United Press) CHICAGO. June 26.—Cash grain: Wheat No. 3 red. 91'-c; mew test. 13.2 and weight 56' 2 lbs t: No. 2 mixed. 93c. Corn— No. 2 mixed. 59c: No. 3 mixed 60c.; No. 2 vellow. 60'ic: No 3 vc!Io"\ 52' ,c: No 3 white. 62\c. Oats—No. 2 white 43'_.c: No. 3 white. 42'ic; No. 4 white. 42c Ryi—■ No. 2. 68c. Bariev—94c< 97c: Quotable, 56c 1. Timothy—s9.2s4x9.so. Clover Seed—slo,2s4/ 14.50. Cash Provisions Lard. *6.25: loose $6.05: leaf. $6: bellies. $9.57. TOLEDO. June 26.—Grain close: tgratn in elevators, transit, billing.! Wheat—No. 2 red, 924/93c. Corn No. 2 yellow. 62(h) 63c. Oats No. 2 white, 46'24/47'2c. Ryo —No. 2. 68',2 4/69'2C. Track prices, 28 1 20 rate. Wheat —No 1 red, 884/;88'/ac: No. 2 red. 874/87'ic. Corn—No. 2 yellow. 584/58*.-2c: No 3 yellow. 574/57 , /ac: No. 4, vellow. 564/56' 0 Oats—No 2 white. 434/j 44',ic; No. 3 white. 42'L>4/44c. See close: Clover—Cash. $8.25 Alsike—Cash. $8.50. ST. LOUIS, June 26.—Cash grain: Wheat —ln good demand; red unchanged to lo higher; most sales were 'i4/' 2 c higher: hard wheat, tac higher: No. 1 red. 894/1 91c; No 2 red. 89'.,4/91<: No. 2 red. 83 1 * 4/90c; No. 5 red 37'2C; No. 2 red garlicky. 86'24/ 89c: No. 3 red garlicky. 93c: No. 5 red garlicky. 85c: No. 2 red smutty. 88' * 4/89r; No. 1 hard. 94r; No 2 hard. 92e. nominal; No. 2 mixed 93' 2 c. Corn In fair demand '■a'ft.lc higher; No. 2 vellow. 61c; No. 3 yellow. 60'a; No. 2 while. 65c. Oats—ln fair demand, ‘■'nlc higher; No. 2 white, 45'aC: No. 1 mixed. 44c. Births Boys La Rue and Mariette Larrison, St. Vincent's hospital. ’ / Herbert and Caroline Ransburg. St. Vincent's hospital. John and Grace Molloy, St. Vincent's hospital. Edgar and Dorothy Browning. 1436 Cruft. George and Corinne Anderson. 308 East Walnut. John and Virginia Dickerson, 2241 Northwestern. Claud and Francis Cooley. 912 South Delaware. Clifford and Ruby Harris, 1722 Northwestern Samuel and Rammie Shelby 2611 Clifton. Robert and Esta White, 1543 Comer. Edward and Lavon Jenkins, 2117 Reformers. Floyd and Catherine Bishop, 102 East Palmer Charles and Margaret Kreuger, St. Francis hospital. Harry ana Adrena Vwangder, St. Francis hospital. Millard and Mildred Ringham, St. Francis hospital. Earl anti Marcedene Lancaster, St. Francis hospital Willard and Flora Dunbar, St. Francis hospital. Girls Leo and Mary Miller. Bt. Vincent's hospital. Charles and Ruth Metzer, St. Vincent's hospital. William and Charlotte Sherer, St. Vincent's hospital. .Archie and Betty Smith. 2449 Paris. Charles and Ruth Troyer, 1119 Lexington. Everett and Clarissa Kittinger. 2802 Butler. Everet and Ev.vlin Kane. 1205 Cruft. Herman and Goldie Keller. 646 Eugene. James and Caroline Butler. 621 South Alabama. Robert and Margarette Bailey, 905 Markwoori. Lawrence and Veronica Bullock, 2715 Victoris. Roy and Effie Norris, 1335 South Tremonr. John and Tilly Coonfleld, 1407’a South Shelby. Chester and Sarah Minor. 1802' - Sharon. Earl and Julia Hopson 2212 Martindale. Austin and Bertha Ellis. 1710 Montcalm William and Lola Chase, 942 North Illinois. Jesse and Alene Hunnicutt, 2001 Bluff road. Homer and Edith Crockett, 3041 Meredith. Tresej] and Mildred Chrlstenburg. St. Francis hospital Earl and Rose Steahl. St. Francis hospital. Wernell and Lois Christie. St. Francis hospital. Deaths Lila Holcomb. 27. of 513 Birch, pulmonary tuberculosis. Frank Garner. 67. of Long hospital carcinoma Wi’.hamina E Nerge. 78, of 1042 Church, arterio sclerosis. Catherine C Flvr n. 59. St. Vincent's hospital, hypostatic pneumonia Edgar S. McCollum. 62 Methodist hospital. coronary occlusion. Dallas Pickard. 52. of 523 Birch, cerebral hemorrhage Minnie Wilson Hale. 56 citv hospital, chronic nephritis George L Wright 63 of 327 West Thir-ty-first. coronary occlusion. Alice Florine Brunson 78 of 528 North La Salle, chronic m.oeardi'is Henrv W. Birt. So of 424 West New York, coronarv occlusion Annie C. Coffer, 49. of 3842 East New York, carcinoma Patrick H McCabe. 57. city hospital acute appendices. Catherine Casey. 66. of 329'a East Washington. pulmonarv edema. Plumbing Permits W W. Barker ic Son. 744 East Fiftvninth. 2 fixtures William F S eek 5320 C-ntral 2 fixtures. C A Johnson 2141-43 Shlbv. 2 fixtures. C A Johnson. 2258 Soirh Randolph. 4 fixtures. C. A. Johnson 2133 Snelbv. 3 fixtures. Earl Ken'. 3770 Col'eee 2 fixtures. F Cress, 750 Bancroft 1 fixture. John Irvin. Ohio and Massachusetts. 4 fixtures. A W Hoile. 219-21 West Washington. 1 fixture . _ . A C. Frber. Kenmore and South Drive boulevard. 6 fixtures. A Bremer 1859 Shelbs 2 fixtures. E M Hardin. 305 North Illinois. 1 fixture. ... . , Frank Lauher. N W corner Highland and East Michigan 4 figures Smrm-Barker. 3849 Eat ThuVy-flrst. 3 fixture*. .