Indianapolis Times, Volume 46, Number 41, Indianapolis, Marion County, 28 June 1934 — Page 24

PAGE 24

Wall Street Three Factors Play Part in 20 Per Cent Steel Operation Drop. BY lt.VL.rti HLNULKSUOT

Tlmn Strtlil Financial Writer STEEL operations throughout the United States dropped more than 20 per cent within the past week News of the decline caught Wall Street ofT its guard and sent the stock market down quite sharply. High steel operations had been one cf the brightest features of the general business picture, so the drastic

slump was more than usually discouraging. Three factors figured in the situation. Orders normally de- j rime around j this time of j year, and; since activity in many other lines of trade has fal--1 e n even more than season ably this year, it j

Ifendershot

was but natural to expect a setback in steel operations. The recent threat of a steel strike undoubtedly caused many manufacturers to anticipate their requirements of the metal further in advance than usual. Since the producers of steel do business on a current order basis, they would have been unable to meet demands had their plants been tied up by a general strike. The danger of a strike in the immediate future now has pgsed. so ‘ protection" orders have ceased. ana THE third factor affecting operations was the recent advance in prices. Under the code the price increases could not be into esf D ct until ten days after the new rates had been fiied. This gave consumers an opportunity to place orders for future requirements at the old rate. Inasmuch as the code prevents the carryover of orders from one quarter to another, the steel mills were obliged to keep operations at a high level to All requisitions before July 1. Apparently they got fairly well through with these a week in advance. In view of the forward buying which has taken place during the last month or so it would occasion no great surprise if steel operations declined still further vhthin the next few weeks. a a a THE banks of the country have been criticised quite severely during the last year or so for not lending money more freely to industry. Jesse Jones, chairman of the Reconstruction Finance Corporation. has been one of the most frequent users of the hammer. The bankers came to their own defense by explaining that they would be only too glad to loan money if they could find good credit, risks. Apparently Mr. Jones is beginning to appreciate their point of view. He has just turned down a bid of a loan from the Willys-Overland Manufacturing Corporation. a a a THE federal reserve board has ; begun its study of margin re- i quirements for stock trading—the! job which was dumped into its lap | by the new market regulation law. j It is reasonable to suppose that the board will not attempt to apply the brakes very hard at this time. Stock speculation is conspicuous by its absence these days, and a little more of it probably would do more good than harm. N. Y. Coffee. Sugar Futures —June 27 COFFEE Santos High. Low Close. March ITo 10 57 10 69 Mav .*. 10 78 10 68 10 78 1 Julv 9 78 9 68 9 70 September .......... 10 42 10.18 10.37 December ........... 10 60 10 47 10 59 Rio Jar.uarv •• * March 8 10 8 010 8 05 Mav 8 13 8 08 8 13 Julv 7.89 7.58 7.65 September _ 7.85 December 8 05 7 91 i 96 Sugar —June 27 Hish Low Close. January LB2 180 182 March ••.••••••••••••• 1 88 1.85 1 88 Mav 1 92 1 90 1 92 julv 1 65 1 63 1 65 September 1 72 1 71 1 72 December 1 81 1 78 1.81 In the Cotton Markets —June 27 CHICAGO High. Low. Close. January ... 1* |2 §1 March 12.83 12. 1 2 1|..2 Tniv 12.36 October 12 5* 12 43 12 43 December ..i 12 69 12 56 12.56 NEW YORK January ............. 12.64 12.52 12 53 ilStCh 12.75 12.63 12 64 Marcn •••"•" J 2 66 12 72 12.74 SSv 1221 12 12 12 12 October " . 12 48 12 33 12 35 Somber m.o 1247 12.48 NEW ORLEANS January 12 52 12.4* 12 49 March ..!” 12 69 12 62 12 £2 j£w ix.n 12 o 1207 1257 1244 12.45 Retail Coal Prices The following prices represent auotatlon* from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. Domestic Retail Price* Anthracite *IJ 25 Brazil lump £ .5 Brazil ese f *2 Brazil mine run £OO Coke, nut size * Coke, egg site Indiana forked lump Indiana egg 5 Kentucky lump *OO Pocahontas lumo 825 Pocahontas egg ... •• 825 Pocahor.-as forked lump 925 Pocahontas mine run 725 New. River smokeless 8 25 West Virginia lump 6.5 West Vireima eee 650 Island Creek 7 00 Extra charee of 50c a ton for wheeline eoaL and II a toe for coal carried to bin. DOLLAR OFF AT LONDON Value of British Pound Equal (o $5.05 > 2 in U. S. Crrrency. B<i l nited Press LONDON. June 28.—The dollar weakened today. The pound was $5 05%. Gold rose 1% cents to $34.79 5 a a fine ounce with the sterling price 137 shillings 8 pence, down 5% pence. The price was fixed yesterday with the pound at $5.03 V PARIS. June 28—The dollar was a shade lower today with francs at 15.16 to the dollar (6596 cents a franc 1 . Bond Maturities Gain By Tim ft Special CHICAGO. June 28.—July corporate bond maturities according to Standard Statistics Corporation will total $125 458.150 a share increase over the $86,111,929 this month.

STOCK PRICES UNCHANGED IN DULL SESSION ' Traders Await President’s Speech; Silver Issues Feature Trading. BY ELMER C. WALZER I nit-il PrfM Financial Editor NEW YORK, June 28 —Stocks opend practically unchanged today in dull trading as Wall Street awaited President Roosevelt's speech scheduled for tonight. Stock tickers barely moved. The Commodity Exchange, Inc., j silver section took the spotlight.' Heavy trading came into the July position. The fifst sale of the latter , on the initial call was 46.10 cents an ounce, a rise of 24 points. Long 1 strings at rising prices followed in this position, and it was believed the treasury was taking all offer- ( ings. Bonds were dull with prices • mixed. Cotton was steady, while sugar futures were unchanged to 2 points lower. Among the stocks unchanged were Chrysler, Consolidated Gas, U. | S. smelting. General Electric. Montgomery Ward. Anaconda, SoconyVacuum, Atchison. Chesapeake & • Ohio and International Nickel. Small gains were noted in American Smelting, United Aircraft, Standard Oil of California. Noranda Mines, Consolidated Oil and Pennsylvania railroad. Du Pont, an exception to the area of fluctuation, rose a point to 91‘2. Declines of 1 to ** point were made by United States Steel. General Motors. North American, Sears Roebuck and Auburn Auto. Money and Exchange INDIANAPOLIS BANK CLEARINGS —June 28 — Clearings $1.758 000 00 Debits 4.355.000.00 1 FOREIGN EXCHANGE •Bv Abbott. Hi'PDin & Cos.) —June 27Close. Sterling England $5 04% Franc France 0659/a Lira Italy 0855 Belgias Belgium 2337 Mark, Germany 3935 Guilder. Holland Bi9o Peseta. Spain 1368 Krona. Norway .2536 Krone. Denmark 2254 Treasury Statement (By United Pressi WASHINGTON, June 28—Government expenses and receipts of the current fiscal vear to June 26. compared with the corresponding period of the previous fiscal vear: This Year. Last Year. Expenses Sri 949.595.361 08 $5.053 058.101.26 Receipts 3 083.408.379.35 2 058.584.406 31 Deficit 3 866 186 981 73 2,994.473.694.95 Cash Bal. 2.622.106.728 94 Investment Trust Shares i By Abbott. Hoppin & Co.l —June 27 Bid. Ask. Amer Bank Blocks 1.10 1.14 I Amer A- Gen Sec •A l 4.50 6.50 Amer Az Inv Tr Sh 1 75 Basic Industry Shares 3.33 British Tvpe Inv Tr Sh 44 .50 Collateral Trustee Shares A... 4 65 1.75 Corporate Trust Sh old .... 210 2 14' Corporate Trust Sh inewi 2.33 2.36 Cumulative Trust Shares 400 Diversified Trust Shares (Al.. 6.25 .... Diversified Trust Shares iCi.. 302 3.07 Diversified Trust Shares iDt.. 4.55 4.65: First Insurance Stock Corp.. 87 1.00 | First Common Stock Corp ... .65 .70, Fixed Trust iOl Shares (A).. 8.05 ....] Fixed Trust iOl Shares ißi.. 7.05 .... Fundamental Investors. Inc... 1.94 214 Incorporators Investments 17.30 17.50 | Land Bank Bond Shares 1 20 1.33 Low Priced Trust Shares 5.40 590 Mass Inv Trust Shares 18.50 18.75 Nation Wide Securities ■ ... 323 3.30 North Am Trust Shares <53 1 .. 190 orth Am Tr Shares i55-561.. 2.36 2 39 North Am Trust Shares 1 58>. -2 34 2.37 Selected Amer Shares 2 50 Selected Amer Shares Inc 1.14 123 Selected Cumulative Shares... 639 Selected Income Shares 331 3.75 •Std Amer Trust Shares (A1... 291 296 Trust Shares of America 2.70 2.75 Trustee Std iOl (A| 562 5.87 Trustee Std Oil <Bi 5.10 5.30 U S Elec Lt & Pwr (A) 12.50 12.75 Universal Trust Shares 3.02 306 Daily Price Index (Bv United Pressi NEW YORK. June 27.—Dun Az Bradstreet's dailv weighted index of thirtv basic commodities compiled for the United Press: (1930-1932 Average, 100) Todav 112 43 i Yesterday 1 i Week ago J 1? !!? Month ago 110 24 Year ago (June 28) 99.72 1934 High i June 19) 113 68 1934 Low iJan. 3i ) 10105 Copyright. 1934 bv Dun A- Bradstreet. Inc. New York Bank Stocks (By Abbott. Hoppin & Cos.) —June 27 Bid. Ask. Bankers 62% 63 Brooklyn Trust 106 110 Central Hanover 127 128 Chase National 26*2 27 Chemical 40' 2 41 National City 27% 28 j Corn Exchange 51% 51% Continental 13% 14 Empire 19 1?% First National 1.670 1.685 Guaranty 352 362 Irving 16 5 i 17 Manhattan *Co 30 30 '2 1 Manufacturers 21 "1% j New York Trust 105 106 i Public 34 34' 2 |

Bright Spots ”“(B Abbott. Hoppin * Co.t

Directors of the J. D Adams Manufacturing Company. Indianapolis, declared a dividend of 15 cents a share on common capral stock at the regular quarterly meeting held June 26. The dividend will be payable Aug. 1. of record July 15. Chicago. Burlington A- Quincy Railroad Company car loadings in the week ended June 2S totaled 19.781 cars against 19 344 m the previous week and 20,244 in the similar 1933 week Baltimore * Ohio Railroad Company May net operating inrome amounted lo ft. 115.837 against 55.555.817 in the corresponding month last year. Gross income in the first flye months this year aggregated $8.759.677 as compared with $7,543,436 in the first five month* last year. Steel Ingot production for the week ended June 25 has been placed at approximately 57 per cent of capacity Production at the United States Steel Company during the aeek was at the rate of 48 per cent of capacity against 49 per cent in the preceding week. Electric output in the United States in the week ended June 23 gained 4 8 per cent. In the preceding week a gain of 5 5 per cent was made American Ice Company declares the regular quarterly dividend of $1.50 a share on the preferred stock, payable July S5 of record July 6. Pennsylvania Railroad Company May net operating income amounted to $5,800.232 as compared with $5,406,065. For the .first ftie months this year the income amounted to $25,438,931 against *17,907,802 in the first five months last year. National Power and Light Company and subsidiaries in twelve months ended April 30. had a net income of $6 696 476 after charges, eqmvalen: to 92 cents a share on the common stock, against $7,805 580 or $1 09 a share on the common in the preceding twelve months. New York Central Railroad Company May net operating inrome amounted to $3,239,727 as ormpared with $3,344,218 in the corresponding 19.33 month. In the flr*t fire months this year inrome was $11,037,967 as compared with $8,351,366 in the corresponding 1933 period. Chicago A: Northwestern Railroad Company net operating deficit during May amounted to $344 186 against a net operating income of $173 424 in Mav. 1933 In the first five months this year the company reports income was $839,061 against an operating deficit of $1,529,519 in the same months last year.

New York Stocks “—““(By Abbott. Hoppin & Coj —————

AVERAGE STOCK PRICES FOR WEDNESDAY Net High. Low. Close, change. Thirtr industrials 98.31 98.74 96.94 —.39 Twenty rails 44.89 44.43 44.47 —.lO Twenty utilities 24.48 24.06 24.11 +.Ol Forty bonds .... 94.71 +.06 Ten first rails 101.59 -.23 Ten second rails •••• 81.35 —.05 Ten utilities .... 08 62 +.Ol Ten industrials .... 97.27 -.03 4 Up. -Off.

—June 28— Prev. Oil*— High. Low. 10:30. close. Amerada . .. 50% Atl Rfg 25 24% 24% 25 Barnsoali 7',2 Consol Oil 10% 10 Corn of Del 19 19% Houston 1 new) 3% Houston (old) .... 20 Mid Cont Pet .... 13 Ohio Oil 11S Pet Corp 10'* Phillips Pe* 17 s * 17% Pivmouth Oil 12% 11 3 4 Pure Oil 10% Sbd Oil 32 32 Shell Un 8 >.i 8% Soc Vac 15% 15% 15% 15-2 S O of Ca 13335 3 35U3335 3 35 SOOf N J 44 43% 44 44 Sun Oil ••• 62 62’ 4 Texas Corp 74 Tidewater Assn 12'* Un Oil of Cal 16 16'2 Steel*— " Am Roll Mills 19' 2 Beth Steel 34 34 Bvers AM 23 s * Col Fuel A Iron 5% Gulf Sts Steel 28, Inland Steel 38 2 Natl Steel ..... .. ... ... 40% Otis Steel 4% Ren I & S 16 2 Rep I & S nfd 7*4 U S Pipe Az Fdy 24% U S Steel ... 39 3/ a 39% 39 3/ a 39> 2 U S Steel pfd 85 Warren Bros 9% 9% Youngstn S Jt T 10 Motors— Auburn 24% 24% Chrysler 39% 39% Gen Motors . . 31% 30 7 /s 31 1 ' 31 Gen Motors pfd 101% Graham Mot 2 Hudson 9% 9% SS? t,„ ■::::: ::: ::: $ Nash ••• 16% 16'4 Packard 3 7 / 3 3 4 Reo 3 % Studebaker 4'g Yellow' Truck 4% Motor Access— Bendix 14% Bohn Alum 55 '2 Borg Warner ... .- Briggs 17V* 17’i Buda Wheel •> Eaton Mfg 16\ Elec Auto Lite. 21V2 Houdaille A Mullins Mfg pfd 32 Murray Body 6% Stew Warner Timken Roll 31 Timken Det Axel 6% Mining— Alaska Jun .... 21V* 21 21% 20% Am Metals .... 23 22 7 /* 23 22 7 /g Am Smelt 43 >4 43 43 l /4 42 V 2 Anaconda 15 15 Cal A Hecla 4% 4'.2 Cerro De Pasco. 43 42% 42% 40% Dome Mines 3 s /* 45 s * Granby ?■ 10 Gt Nor Ore 11 Vi ... Homestake Min. • ■ 410 Howe Sound ... 55% 55(4 55(4 55 \ Ins Copper 4% Int Nickel 26 26 Int Silver ••• Kennecott Cop . ■ . 22'/* 22% Mclntyre Mine.. 48% 47% 48V2 47% Noranda Cop 44 44 3 Park Utah 4% Phelps Dodge 17% 17 2 St Joe Lead 20% U S Smelters... 130 129'/* 130 129% Vanadium 21% Amusements— Croslev Radio 15V* Fox Thea . •- ■ 14 V* Loews Inc 29% 29% 29% 29% Radio Corp 7 7 RKO 2% Warner Bros 5% S% Tobaccos— Am Snuff 59'* Am Tobacco A 73V* Am Tobacco B 76 76 Ligg A- Myers B 97 97 Lorrillard ••• 18% 18' f 's Reynolds Tob B 46% 45% 45% 45% Rails— Atchison 59% 59V4 59 1 /* 59% Atl Coast Lines. .. ... .■■ 40% B & O 24 24 Can Pac 14 13% 14 14% Ch & Ohio 47% • 47% C M ft St P. 4% C M ft St P pfd 7 7 * Chi N W 9% Chi N W pfd 17% Dela A Hud 55 55 >4 Del Lac A Wes 23% 13% Erie 20 Grt North pfd 21% 21% 111 Central 25 K C Sou 14 Lehigh Valley 15% Lou A Nash 50% M K A T 9% M K A T pfd 23% Mo Pac pfd 6 N Y Cent 38% NY C A St L pfd 32 30% N Y New Haven 15% Norfolk A Wes . 182 Nor Pac 25% 25% 25V4 24% Penn R R ... 31% 31V'4 Reading , 51 Sou Pac 24% 24% Sou R R 25% Sou R R pfd 30% Union Pac 122 123 West Mary 12 Equipments— Allis Chalmers 16,, Am Brake Shoe 26% Am C A Fdy 21 21% Am C A Fdy pfd , 40Vi Am Loco 24% 24 Am Mach A Fdy 15 Am Steel Fdy 16 Bald Loco 10% Case J I 50% Cater Tract 27% Deere A Cos ... ••• 20V4 Elec Stor aßt 43 Foster Wheeler Gen Am Tk Car 37% Gen Elec 19% 19% Ingsol Rand 60 59 Int Bus Mach 141% Int Harvester 33 33V* Natl Cash Reg 16% Pullman Inc .... ... 50 50% Rem Rand 10% 10% Und Elliot 47 47% West Air B 22% Westingh Elec ... ... 37% 37 Utilities— Am A For Pwr 8% Am Power Lit 7V AT T 115 Am Wat Wks , 20% Col Gas A Elec. 14% 14% 14% 14% Col G A E pfd 77% Com A Sou . 2V* 2% Consol Gas . 34% 34% 34% 34% Elec Pwr A Lit. .. ... .•• 5 7 * E P A L pfd 13% Int Hvdro-Elec 6% Int T A T 13 12 7 * Lou G A E • A” 16% Nat Pwr A Lit 10% North Amer 17 s * 17% Pac G A E 19 19 Peoples Gas 32% Postal Tel pfd 20% Pub Serv N J ... ... 36Va 36-2 So Cal Edison 16% Std Gas 11% Std Gas pfd 12% ocone A Webster 8% United Corp 5% 5% Un Gas Imp 16% 16% Ut Pwr A Lit A 3 • Western Union 45 U Rubbers— Firestone 17% Goodrich 13% 13% Goodyear 27 s * 27-* U S Rubber 18% U S Rubber pfd 46 Miscellaneous — Am Bank Note . 24% 24% 24% 21% Am Can 97 Anchor Cap __ 21% Brklvn Man Tr. .. ... 38 38 Conti Can 80 Crown Cork 30% Curtis Pub 22% Curtis Pub pfd i9% Eastman Kodak 99% Gillette 10% Glidden 24% Owens Bottle .. .. ... ... 76!* Foods — Am Sugar ... 65% 66% Armour A . 6% 6% 6% 6 Beatrice Cream. .. ... ... 16% Borden Prod . 26% Cal Packing 32% 32% Can Dry G Ale 21 21 Corn Prod .68% 67% 67 % 69 Crm of Wheat . . . 33 Cuban Am Sugar 8 1 * 1% 7% 8% Gen Foods 32 32 Gold Dust 20 20 G W Sugar 34% 34 Hershev 3°, Loose Wiles 40% Natl Biscuit 35% Natl D Prod ... 18 18% Puritv Bak 13% 13% S Porto Rico Sug 36% 36% Spencer Kellog 23 Std Brands 20% 20% Un Biscuit 25% 25'* United Fruit 71% Wriglev 64 2 First Natl Stores 63% Gimbel Bros 3 * Hahn Dept Sts. 5% Kresge SS 18* Kroger Groc 31 Macv R H 41 41% Marshall Fields • . ■ , ■ 15‘* Mont Ward 27% 27% 2<% 2<;, Natl Tea 12Va Penny J C $7 Safewav St 50% Sears Roebuck . • 42% 42% Woofworth 50% 50 50 50 Aviation— Aviation Corp 6% Curtiss Wrignt 3% 3% Curtiss Wright A .. ... 10 10% Douglas Air 20 North Am Av 4% 4% Speerv Corp ... ••• '% 8% United Aircraft 18 s * 18% Wright Aero 52% Chemicals — Air Reduction 99% 101 Allied Chem 134 s * Am Com Alcohol 35% Col Carbon 71% 72 s * Com Solvents 22% Dupont 91% 90% Freeport Tex _ 32 Liquid Carb ... 28V* 28 Math Alkali 32% Montoson Chem 50 49% Natl Dis (new). 23% 23% 23% 23%

THE INDIANAPOLIS TIMES

Schenlev Dist 27% 27 s * Tex Gulf Sulph 34 s * Union Carbide 43% U S Ind Alcohol .. ... 42% 42% Vir Chem 6% pf 17 Drugs— Coty Inc 5% 5% Lambert 25% Lehn & Fink 20 Un Drug 15% Zonite Prod 5% Finanrial— Adams Exp 8% Allegheny Corp. .. ... 2% 2% Am Int Corp 8% Chesa Corp 46% Lehman Corp 68% Transar.terica 6 s * 6% Tr Conti Corp 4% Building— Am Radiator 14% 14% Gen Asphalt 18 s * Int Cement 26% Johns Manville 53% 53% Libby Owens Gls 31% 31 3 * Otis Elev 15 s * Household— Col Pal Peet ... 16% 16 16% 16 Congoleum 28 Kelvinator ... 17% 17 V*. Proc & Gamble. 36V'* 36 36 36 Simmons Bed 15% Textiles— Amer Woolen 10% Belding Hem 12% Celanese Corp 25% 25% Collins Aikman 15 7 *16 Gotham Hose 7% Indus Ravon 24% 24% Kayser Julius 17V* New York Curb (Bv Abbott. Honpin & Cos.) —June 27 Close.! Close. Allied Mills ... 8% Glen Alden Coal 19% Am Beverage 2 Gulf Oil of Pa. 63 Am Cvanide 818 Hiram Walker.. 37% Am Gas & El 27 Hud Bav Min.. 14 Am Superpwr.. 2% Humble Oil .... 41 s , Ass Gas & El.. % Imp Oil Ltd ... 15% Atlas Corp . 10% Int Petrol 27% Axton Fish Tob 58% Lake Shore Min 54 British Celanese 3% Libv Me Libv 5% Can Ind Ale A 8% Lone Star Gas 5% Can Marc 2% Nat Bellas Hess 34 Cities Serv 2% Newmont Min . 52 % Comwealth Ed .53% Nia Hud pwr .. 5% Cord Corp .... 4 Pan Am Airwvs 38 Creole Petrol .. 12% Park Davis 24% Deere Az Cos .. 20% Penn Road .... 2% Distillers Lim.. 22% St Regis Paper Distillers Corp. 15% Sherwin Wms . 69 Dow Chem .95 Std of Ind . 27 *4 El Bond & Sh 15% Technicolor Ind 13% Fisk Rubber m 3 Tec!; Hughes Gld 6% Ford of Can A 20% Un Gas 2% Ford of Eurooe 8 CJn Pwr Az Lit A 2% Gen Aviation . 4%Wrt Hargves Min 9%

Chicago Stocks (Bv Abbott. Hoppin & Cos.)

—June 28— High. Low. 11:30 Berghoff 7 Bastian-Blessing 4% Bendix Aviation 15 Borg-Warner 23(4 23 23 % Butier Bros 9 8% 8% Chicago Corp. Com .. 2 Cities Service 2% 2 2 Cord Corp 4% 3% 4 Gen Household Ut ... 12 Great Lakes Aircraft % Iron Fireman ... 15% Middle West Utilities % Noblitt-Sparks ind, Inc 12% Prima Cos. 5(4 5 5 Swift & Cos 18 17% 17% Swift International 31% 31% 31%

Bond Prices (By Fenner As Beane’'

—June 28— High. Low. 10:30. Alleg Corp 5s ’6O ... 38% Am & For Pwr 5s 2030. 52% 51% 52% A T & T db 5s ’65 110 Atchison Gen 4s '95 102% B & O cv 4tbs ’6O .... 65(4 65% 65% Beth Steel 5s A ’36 101% Brazil 6%s (26) ’57 ... 45% Can Pac 4s ... 82% C ft O 5s A '39 11l CMStP&P adj 5s A 2000 13 12% 13 CMStP&P rs 5s A ’75 40% 39% 40% Cons Gas N Y 4%s ’sl 104% Det Ed 5s E *52 107% Goodyear 5s ’57 100(4 100 100 Gt Nor 7s A ’36 95% Interboro R T 5s '66 71% Int TAT db 5s ’55 .. - 64% 64(4 64% McKess Robb 5%s ’SO .. 82% Nat Dairy db 5%s '4B . .. ... 98 N Y Cent 4%s O 2013 75% Nor Am 5s ’6l 89% 89% 89% Pac Gas & El 5s A ’42 106% Para Pub 5%s ’SO 53 Penn R R 4%s D ’Bl .. 97% 97% 97% Poland 7s ’47 112 Shell Un Oil 5s ’47 99% Texas Corp 5s '44 .....103% 102% 103% Tob Pr N J 6%s 2022 .105( 2 105% 105% Un Pac Ist 4s ’47 - 105% U S Rubber 5s A ’47 .. 85% 85% 85(4 Ygstwn S & T 5s B *7O 84 U. S. GOVERNMENT BONDS (By United Press) NEW YORK. June 27.—Closing liberties: (Decimals Represent Thirty-seconds.) Liberty 3%s (32-47) 104.4 First 4'is (32-47) 103. First 4(4s (32-47) 103.8 Fourth 4(4s (33-38) 103.21 Treasury 4(45, 3(is (45) 103.21 3%S (43) 104.30 3(*S (46-49) 102.13 3s (51-55) 101.8 FEDERAL FARM LOAN BONDS (By Blyth & Cos., Inc.) —June 28— Bid. Ask. 4s Nov. 1, 1957-37 100% 101% 4s Mav 1. 1958-38 100 s * 101% 4%S Julv 1. 1956-36 100 s * 101% 4%s Jari. 1. 1957-37 100% 101% 4%s May 1. 1957-37 100% 101% 4%s Nov. 1, 1958-38 101% 102 4%s May I, 1942-32 100% 101% 4%s Jan. 1, 1943-33 100 s * 101'* 4%s Jan. 1. 1953-33 100 s * 101% 4%S July 1. 1953-33 100% 101% 4%s Jan. 1. 1955-35 100% 101% 4%s Jan. 1. 1956-36 101% 102 4% July 1. 1953-33 100 100% 4%s Jan. 1. 1954-34 100 100% 4% Julv 1. 1954-34 100 100% 5s May 1, 1941-31 101% 101% 5s Nov. 1, 1941-31 101% 101% —Home Loan—--4s July 1. 1951 100.30 —Federal Farm Mortgage Corporation—--3%s March 15. 1964-44 101.23 The two later quotation s are in thirtyseconds. FIRM TO REORGANIZE Paper Company Files Petition With Massachusetts District Court By United Press NEW YORK. June 28.—Directors of the American Writing Paper Company this week stated that a reorganization of the company is imperative. The firm, according to reports, does not have sufficient cash to pay interest due July 1 on its first mortgage bonds. Following the announcement, a petition under the new corporation bankruptcy act was filed in the district court of the United States for the district of Massachusetts. A meeting of creditors and stockholders will be held in Boston, July 24. SUGAR EXPORTS GAIN Cuban Shipments Total 64,086 Tons in Week Enddjd June 23. By Times Special NEW YORK, June 28 —Exports of sugar from Cuba during the week ended June 23 totaled 64.086 long tons, a sharp increase over the corresponding 1933 week when shipments totaled only 38.481 tons. Os the total last week, 40,138 tons were shipped to the. United States and 23,948 tons to Europe. Shipments to the United States from Cuba in the similar 1933 week amounted to 10.783 tons. WILSON DENIES RUMOR Reorganization Talk Is Unfounded, Firm's Directors State. By J imrs Special CHICAGO. June 28.—Wilson & Cos. this week denied rumors that it is contemplating a reorganization to dispose of accumulated dividends on the preferred stock. A quarterly dividend of $1.75 a share on the issue was declared a month ago, directors announced.

SWINE MARKET DIPS 20 TO 35 CENTS AT PENS Cattle. Veals Hold Steady: Lamb Off Sharply at $8.50 Down. Porker prices slipped below the $5 mark in extremely weak trading at the Union Stockyards this mornI ing. The majority of prices were 1 generally 20 to 25 cents lower than ! yesterday's average, while underweights dropped 25 to 35 cents. The bulk, 160 to 200 pounds, was selling at $4.50 to $4.60. Heavier grades, weighing 200 to 350 pounds, brought $4.70 to $4.80. Few good and choice kinds were salable at $4.85. Light slaughter pigs, scaling 130 to 160 pounds, sold at $3.40 to $4. while other light grades, weighing 100 to 130 pounds, cashed in at $2.75 to $3.15. Packing sows held at $3.25 to $4. Receipts were estimated at 7,000; holdovers, 1,107. Early activity in the cattle market was around normal in practically all classes. Bulk of steers, mostly common and medium weights, ranged from $4.25 to $6.50. Three loads of good and choice heifers brought $7. Practically all other grades were selling at $6.25 down. Receipts numbered 700. Vealers resumed a steady trading range, selling at $4.50 down. Receipts were 600. The lamb market registered the major decline, where prices were sharply 50 cents lower than the previous close. Bulk of good ewe and wether grades sold at $8.60. Bucks held at $7.50 down, while throwouts brought $6. slaughter sheep ranged from $1.50 to $2.50. Breeding ewes were salable at $3 and above. Receipts were 1,200. Asking on hogs at Chicago held steady with yesterday's average. Few early bids moved 15 cents lower at $4.85 down. Receipts were estimated at 25,000, including 10.000 directs; holdovers, 4.000. Cattle receipts numbered 7.000; calves, 3,000; market unchanged. Sheep receipts were 8,000; market stationary. June Bulk. Top. Receipts. 22. $4.95/0; 5.10 $5,10 8.000 23. 4.90® 5.10 5.15 1,500 25. 4 85® 5.00 5.10 7.500 26. 4 85® 5.10 5.15 8.000 27. 4.70® 5.05 5.10 7.000 23 4.50® 4.60 4.85 7.000 Market, Lower (140-160) Good and choice ...$ 3.75®(4.00 —Light Weights—-(l6o-1801 Good and choice ... 4.50 (180-200) Good and choice ... 4.60 —Medium Weights—-(.2oo-220) Good and choice ... 4.70 (220-250) Good and choice ... 4.70® 4.85 —Heavy Weights—-(2so-2901 Good and choice ... 4.80® 4.85 (290-350) Good an dchoice ... 4.70# 4.80 —Packing Sows—(2so down) Good 3.85® 4.15 (250 lbs.) Good 3.50® 4.00 ('All weights) Medium 3.25® 3.75 —Slaughter Pigs—-(loo-130) Good and choice ... 2.75® 3.15 CATTLE Receipts 700; Market, Steady Good and choice $ 6.50® 9.00 Common and medium 4.00® 6.75 11.100-1,500) Good and choice 7.25® 9.25 Common and Medium 5.50® 750 (675-750) — Good and choice 5.50® 7.00 Common and medium 3.25® 5.75 (750-900) Good and choice 5.25® 7.00 Common and medium .... 3.50® 5.25 —Cows— Good 3.50® 4.25 Common and medium 2.50® 3.50 Low cutter and medium 1.50® 2.50 Bulls (yearlings excluded) Good (beef steers) 2.50® 3.50 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts, (500; Market, Steady Good and choice $ 4.00® 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 (800-1.500) 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 $ 8.25® 8.75 (90-110 lbs.) good and choice. 7.50® 8.50 (90-lbs. down) com., and med.. 6.00® 7.50 —Ewes— Good and choice 2.00® 3.00 Common and medium 1.50® 2.00 Other Livestock (By United Press) CHICAGO, June 28.—Hogs—Receipts, 25,000, including 10,000 directs; market, slow, mostly 15c lower than yesterday; 220-340 lbs.'. S4.BO'S 4.90; top. $4.90; 170110 lbs.. $4.35''/ 4.80; light lights, $4.25 down; pigs, s3<ii3.so; packing sows. $3.9041 4.25: light lights. 140-160 lb., good and choice, $3.75® 4.35: lightweights. 160-200 lbs., good and chaice. $4.15®4.80: medium weights, 200-250 lbs., good and choice. $4.65®4.90; heavyweights. 250-350 lbs., good and choice, $4,754/4.90; packing sows. 275-550 lbs., medium and choice. $3,654? 4 35; slaughter pigs. 100-130 lbs., good and choice, $2,754/ 3.75. Cattle Receipts, 8.000; calves, 3,000; strictly good and choice weighty steers, steady; all others unevenly weak to 25c lower; demand narrow; lower grade light offerings predominating in run: bulk selling at $7.50 downward with grassy and warmed up offerings at $3,504/ 6: early top light steers, $9.25. some held higher; practically everything excepting strictly choice weighty steers, unevenly lower for week; others steady today; veal strong. Slaughter cattle, vealers. steers, 550-900 lbs., good and choice. $5,754/8.50; 900-1,100 lbs., good and choice. $6®9.50: 1,100-1,300 lbs., $5.75 @10.35; 1,300-1.500 lbs., good and choice, $7,754/ 10.35; 550-1,300 medium, $3.25®7.75: heiiers. 550-750 lbs., good and choice, ss® 7; common and medium, $2.75® 5; cov.s. good. $3.75® 5: common a nd medium. $2.35® 3.75; low cutters and (Titters. $1.50®2.35: bulls, yearlings excluded, good. beef. $34/3.75; cutters, commond and medium. $2,254/ 3.50; vealers. good and choice. $44/5.75: medium, $3.50® 4; culls and common. $2.50® 3.50; Stockers and feeder cattle, steers. 550-1.-050 lbs., good and choice. 54.254/5.50; common and medium. $3.25® 4.25. Sheep— Receipts. 8-000; spring lambs and yearlings slow, 25 to 50 cents lower; natives bid around $8.75 with larger interests talking $8.50 down on bulk; no yearlings sold: sheep steady; ewes. 51.25® 2.25. Slaughter sheep and lambs —Spring lambs, good and choice. SB4/8.85; medium. $6.50® 8: ewes, 90-150 lbs., good and choice. $1.50 ®2.25; all weights common and medium, Sl® 1.75. LAFAYETTE. June 28—Hogs—Market, 20® 35c lower; 225-300 lbs., $4,654/4.70; 180-225 lbs.. $4,404/ 4.50; 160-180 lbs.. $4.25 ® 4.30; 140-160 lbs., $3.50® 3.75; 120-140 lbs.. $2,854/3 10: 100-120 lbs.. $2.50® 2.65: roughs. $4 down; top calves. $4; lambs. $7.50@8. FT. WAYNE, June 28 —Hogs—lo® 30c lower 250-300 lbs.. $4.75; 200-250 lbs., $4.60; 180-200 lbs . $4.50; 160-180 lbs.. $4 40; 300-350 lbs.. $4.50; 150-160 lbs . $3.80; 140150 lbs.. $3 55. 130-140 lbs., S3 30; 120-130 lbs.. $3: 100-120 lbs.. $2.75; roughs. $3.50; stags. $1.75. Calves. $4.50; lambs, $8.25. (By Times Speciali LOUISVILLE. June 28—Cattle—Receipts, j 175, including 37 direct: quality of slaugh- i ter classes very plain; demand narrow; trading draggv; barely steady: bulk com- j mon to medium steers and heifers. $44/5; kinds in cutter flesh down to $3 and less: strictly good dryfeds quotable around $6.25; bulk beef cows salable $2.50®3; good kinds to 53.50 and above; low cutters and cutters. sl4/2 25; sausage bulls salable mostly $2 254/3; Stockers absent. Calves —Receipts. 225. steady: bulk vealers. $4 down to around S2 Hogs Receipts. 700; 20c lower: 185-275 lbs , $4 80; 275 lbs. up. $4 10 160-185 lbs.. $3 80; 145-160 lbs.. S3 45; 120-145 lbs.. $2.05: sows. $2.55; grassy and unfinished hogs discounted 50c®$1. Sheep —Receipts. 2.000; run mostly trucked in spring lambs: market not established, early bids. 25c or more lower; sellers holding for steady prices and asking $8 to mostly $8 25 for bulk better trucked in ewes and wether springers: very few longhau! and overnight lambs on sale: fat ewes salable. $1412; stock ewes. $5 504/7.50 per head. Crude Oil Production Up By Timem Bprrinl CHICAGO. June 28— May production of crude oil in California averaged 486.152 barrels daily, as compared with 482.426 barrels daily in April. Forty-three new wells were completed during the month.

Unemployment in May Decreases' to 7,899,000

Estimate Shows Decline of .6 Per Cent from Total April Figures. By Timet Special NEW YORK, j June 28 —Total number of workers unemployed in the United States in May of the current year amounted to approximately 7.899,000, according to an estimate made today by the National Industrial Conference board. This is a decrease of 50,000, or .6 per cent from the April. 1934, total ar— a decline of 5.304.000, or 40.2 : per cent Irom the amount in March. 1933, when unemployment was at its highest point. A slowing down tendency in the rate of decrease of unemployment is shown in a comparison of the Mzy decline ot 50.000 with the April drop of 72.000. and the March decrease of 589.000, the survey states. Increases Are Overcome Although practically all industrial groups combined displayed a decrease from April to May, unemployment in two groups increased as follows: Manufacturing and mechanical, 10,000, and domestic and personal service, 12,000, These increases were overcome by decreases in other groups: Extraction of minerals, 32,000; transportation, 18.000; trade. 48,000, and miscellaneous occupations. 2,000. In addition it is estimated that 27.000 new workers became available for employment during the last month. Since March, 1933, the most marked decreases have been shown in the manufacturing and mechanical group. The number of unemployed in this group in May, 1934, was 2,544,000, a decline of 3,879,000, or 60 per cent, from the peak of unemployment in this group in March, 1933. Unemployment Shows Drop From March, 1933, to May, 1934. the number of unemployed workers decreased 57.1 per cent in trade, 27.7 per cent in domestic and personal service, 20.3 per cent in the extraction of minerals, and 11.8 per cent in transportation. In the above survey workers employed through the public works administration are counted as employed, while emergency workers employed under government auspices. usually part time, in lieu of j direct unemployment relief, are counted as unemployed. CREDITORS FILE SUIT Reorganization of Foote Brothers Gear Company Asked. By Vtilled Brens CHICAGO, June 28. —Three creditors of Foote Brothers Gear and Machinery Company, listing assets at more than $4,000,000 this week filed suit in federal court for reorganization of the concern under the new bankrutpey laws. The petition claims that despite the fact the concern has fixed assets of more than $3,500,000 and inventory valued at $500,000 it has been unable to meet its funded debt. Liabilities are estimated at more than $2,000,000. 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, 13c. bareback broilers, 11c; old roosters, 4c; ducks and geese, 3c; voung guineas, 1% to 3 lbs., 20e: old guineas. 15c: No. i strictly fresh country run eggs, loss off 11c. Each full case must weight 55 lbs. gross; a deduction of 10 cents a pound for each pound under 55 lbs. will be made. Butter—No. 1. 27® 28c; No. 2. 25®26c. Butterfat. 22c; Quoted bv Wadley Company. (Bv United Press) CLEVELAND. June 28.—Butter market steady; extras. 28c; standards, 28c. Eggs— Market steady: extra white. 15c: current receipts. 14c. Poultry—Market, firm; colored fowl. 6 lbs. and up. 15c; Leghorn fowl, mediums. 15c; old roosters, 9c; ducks, white. 5 lbs. and up. 144/15c. Potatoes— North Carolina. $2.50 per bbl.: few. $2.60. On Commission Row —June 28— —Fruits— Apples—Fancv Delicious. $2.65: Transparents. [email protected]. Blackberries—24-qt. crate. $2 25. Cherries —Home grown. 16-qt. 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-qt. crate. $2.50@3. Raspberries—Southern Indiana black. 24pt. crate. $1.75®2. red, s3®4. Cantaloupes—California jumbos. 455. $4: standards. $3.75; Honevdews. $2.75. Pears—Calavos. $3.50 per box.. Watermelons—Florida Watsons. 30-lb. average. 75c Bananas—Per pound. sc. —Vegetables— Sweet Corn —Alabama. 5-dozen crate. $1.85. Cabbage—Home grown, bushel. 65c. Celery—Michigan, flat boxes, $2.15® 2.25; medium, doz.. 85c. 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 Triumphs. $1.70. Sweet Potatoes —Tennessee Nancy 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: iceberg best. $4 a crate. Peas—lndiana. $2.50. Radishes —Home grown buttons, large bunch. 35c. Rhubarb—Home grown, dozen. 30c. Spinach—Home grown, bushel, 35c. Tomatoes Hothouse. 10-lb. basket. $1: original Texas. 30-lb. lug. $1.50. CHICAGO FRUIT MARKET (By United Pressi CHICAGO, June 27—Apples—Michigan spies, $2.25 bushel; Illinois transparents. $2.25 bushel. Carrots—California. $2.25 crates. Cucumbers —Illinois, 75c® $1.50 (2 dozem. Hot house: Illinois bushel. sl® 1.25. Beans—Southern green. 75c® $125; Illinois. 50@75c hampers. Tomatoes— Texas. $1,254/ 1.75 lug box. Sweet Potatoes —Tennessee. $1.90 bushel hampers. Mushrooms—lllinois. 15® 35c lb. cartons. Asparagus—lllinois. 504?85c crates. Strawberries—Michigan. slso® 2.25 (16 quarts!; Wisconsin, $1.75® 2.25. Peaches—Georgia. 90c®51.35 (% bushel). Red Raspberries— Illinois. $150#2.50. Onion Market-- (50lb. sacks): Texas whites, $1.45(31.50. California yellows. $1.15# 1.25. Tin Consumption Gains By Times Special NEW YORK. June 28 —The June bulletin of The Hague office of the International Tin Research and Development Council shows that world consumption of tin for the year ended April 30. 1934, was 129.700 tons, or 30 per cent higher than for the preceding year when consumption was 99,621 tons. Business Up 50 Per Cent By Times Speeial NEW YORK. June 28.—With sales for May marking up anew j high record in the history of the | company, Axton-Fisher Tobacco's i business for the first five months of ' the year was nearly 50 per cent | above the same period in 1933. ac- ! cording to Colonel Wood F. Axton,; president. Insolvency Index Advances By Times Speeial NEW YORK, June 28.—A small advance is shown in Dun's insolvency index for the first three weeks of June, the index standing at 63.1 against 59.2 a month previous.

NEW AGENCY PARTNER

Claude C. Jones Jr.

Appointment of Claude C. Jones Jr. as a partner with his brother, George K. Jones, presem, Indianapolis general agent of the Connecticut Mutual Company, was made public yesterday. The general agency partnership will be made effective July 2. The firm will be known as the Jones Agency and offices will remain at their present location, 315 Circle Tower.

INDIANA CROPS AIDED BY MODERATE RAINS Warm Weather Beneficial Factor in Week. Moderate rains aided crops throughout the state during the week ended Tuesday, according to the United States department of agriculture. _ Warm weather which averaged five degrees above normal was another beneficial factor. Corn, truck, bean and field tomatoe gardens were especially improved by the suitable weather and corn showed marked improvement at the close of the week. Wheat harvesting, which is almost comI pleted in the south, is about half completed m central portions and is expected to begin this week in the northern section. The oats crop, which suffered greatly from the severe drought, is practically a total failure, the rains coming too late to help any but the very latest crops. Considerable hay was made last week and the second crop of alfalfa is almost ready for cutting in the south. Cherries and grapes are reported promising and sorghum cane is making good headway. Chinch bugs continue to molest corn, wheat and rye crops in the northwest section of the state, and scattered damage from wind, hail and lightning was effected during the middle of the week. DROUGHT RELIEF LOAN APPLICATIONS APPROVED Sixty-Four Illinois Farmers to Get Help From Commission. By Times Speeial CHICAGO, June 28. —Applications for sixty-four drought relief loans averaging approximately SSO each, were received and approved this week by the Illinois emergency relief commission. The applications were from farmers throughout the state of Illinois whose crops were affected by the long dry spell. Officials of the commission announced checks would be mailed out immediately. Already a total of approximately $300,000 has been extended for the purchase of feed and seed as direct grants in the seventy-seven counties designated as the drought area. NATIONAL TEA COMPANY SALES TOTAL $4,796,725 Output in Four Weeks 1.13 Per Cent Above Similar 1933 Period. By Times Speeial CHICAGO. June 28.—National Tea Company sales in the four weeks ended June 16, totaled $4,796,725, an increase of 1.13 per cent over the $4,743,075 total in the coresponding 1933 period. Aggregate sales in the first twen-ty-four weeks this year amounted to $27,391,820, as compared with $29,250,837 in the similar 1933 period, representing a decrease of 4.6 per cent. Stores operated by the company on June 16 totaled 1.244 as compared with 1,324 on the same date last year, a decrease of 6 per cent. SALES INCREASE SHOWN McKesson & Robbins May Business Rises 16.9 Per Cent. By United Press NEW YORK, June 28.—McKesson & Robbins. Inc., drug manufacturers and distributors, reports net j sales of $9,979,156 for May, 1934. as compared with $8,531,625 reported for May, 1933, an increase of $1,447,531, or 16.9 per cent. 3ales for the first five months of the current year aggregated $52,645.384, as compared with $39,917,988 reported for the corresponding period last year, an increase of $12,727,396, or 31.88 per cent. Marriage Licenses Waiter Maschmeier. 31. of 2615 Roosevelt avenue, bank clerk. and Martha White. 28. of 1013 Central avenue, beauty operator. Thomas Vittelow. 22. Roosevelt hotel, clerk, and Lulu Wilson. 20. of 1519 North ! Grant avenue, stenographer. John Thomas. 22. Fortville. Ind.. laborer. | and Vivian Newborn. 19. R. R 12. Box j 164. housekeeper. Charles MaTee. 27. of 1025 Hervey street, chauffeur, and Marv Trov. 25. of 541 West Merrill street, stenographer. Raymond Overleese. 28. Arlington. Ind.. well driller, and Frances Borem. 21. of 34 North Hawthorn street, housekeeper. Alonzo Reeves. 30. of 29 South West street, mill worker, and Hazel Shearer. 26. of 29 South West street, housekeeper. Eimo Marshall. 21. of 819 Buchanan street, laborer, and Irene Creasev. 18. of 819 Buchanan street, housekeeper Francis Huffman. 24. of 250 West Thir-tv-eignth street, drv cleaner, and Dorothy DeHaven. 24. of 4233 Hjunset avenue, stenographer. Estol Hauser. 28. of 242 North Beville avenue, butcher, and Helen Shank. 23. of 338 North Walcott street, ho isekeoer. Business Activity Declines By Times Speeial , WINCHESTER. Mass.. June 28. General business activity dropped slightly last week and now is 25.8 j per cent below normal, according to the Winchester Institute of Finance. A year ago business activity was 31.8 per cent below normal.

JUNE 28, 193

GRAIN FUTURES ADVANCE UNDER BUYING WAVE Heavy Demand for Wheat Carries All Months Sharply Higher. BY HARMAN \V. NIC HOLS United Press Staff Correspondent CHICAGO. June 28.—Encouraged by the support wheat received yesterday. traders continued to buy at the opening of the Chicago Board of Trade today. Wheat opened % to 3 i cent higher. corn was up % to 2 cents, oats were tip '* to l’i cents, and rye was unchanged to % cent higher. The wheat belts remained hot and sultry with harvesting of new wheat movine further northward. | where productions was expected to 'be lighter. The corn areas were I parched and some reports came in that corn was drying up. Liverpool wheat opened slightly lower in a dull market. Chicago Futures Range —June 28— .... Prev. Wheat— High. low. 10 00 close. July .91% 90% .91% 90 Sept 92% ,91% 92% 90% Dec 93 s * .92% .93% .91% Corn— July 59% .58% .59'* .57% Sept 61% 60 .61 % .59% Dec 62% 61 .62% .60* * Oat*— July 43 % .42% 43% .41% Sept 43% 42% 43% 42% Dec 44% .43% .44% 43% Rye— July 65% .64% .65% .64% Sept 67% 66% .67% .66% Dec 70 .69 .69% .69% j Barley— I July 55 .54 .55 54 3 Dec 53% .51% .53% .51% CHICAGO PRIMARY RECEIPTS —June 27Bushels. Today Last Week. Wheat 1 881,000 962,000 Corn 197.000 257.000 Oats 50 000 645.000

Cash Grain

INDIANAPOLIS —June 27 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41% New York rate, were Wheat—Steadv: No. 1 red. 81®82c: No. 2 red. 80® 81c; No. 2 hard. 80@81c. Corn—Firm: No. 2 white. 57® 58c: No. 3 white. 56® 57c; No. 2 yellow 53%@54%c: No. 3 vellow 52%tff53%c: No. 2 mixed. 52%@53%c; No. 3 mixed. 51%@52%c. Oats —Steadv: No. 2 white. 39®40c; No. 3 white. 38® 39c. Hav-Steadv; (F. o. b. country points taking 23%c or less rates to Cincinnati or Louisville). No. 1 timothy. sl4# 14.50. —lnspections Wheat—No. 3 red. 1 car; No. 5 red. 1 car. Total. 2 cars. Corn—No. 2 white. 3 cars; No. 3 white. 2 cars: No. 2 vellwo. 5 cars; No. 3 vellow. 5 cars. Total. 15 cars. Oats—No. 2 white. 2 cars: No. 4 white. 2 cars. Total. 4 cars. Local Wagon Wheat City grain elevators are paying 75 cents for No. 2 soft red wheat. Other grades on their merits. (By United Press) CHICAGO. June 27—Cash grain: Wheat —No. 2 red, 92c; N o. 1 hard, 9’2%c; No. 2 hard. 92c; No. 3 hard. 91%c. Corn —No. 2 yellow lake, 60c; No. 2 yellow, 60%®! 60%c; No. 3 vellow. 59%®60c; No. 2 white Lake, 63%® 64c. Oats -No. 2 w hite. 43%c; No. 3 white. 42%c; No. 4 white. 41%c. Rye—No sale. Barley 94®<96c; quotable. 56c@$l. Timothy Seed—slo.2s® 14. Cash Provisions Lard $6.47; loose, $5.97; leaf. $6; bellies. $9.50. TOLEDO. June 27.—Grain close: (Grain in elevators, transit billing)-Wheat—No. 2 red. 92®93c. Corn—No. 2 yellow 62%®) 63%c. Oats—No. 2 white. 46%@47%c. Rye —No. 2. 69®70c. (Track prices. 28%c rate) —Wheat—No. 1 red, 88® 88%c; No 2 red. 86® 87c. Corn—No. 2 yellow, 58%@59c: No 3 yellow. 57%®58c; No. 4 yellow. 56(a ® 57c. Oats—No. 2 white 43@44%c: No. 3 white. 42%#44c. Seed close: Clover — Cash. $8.25. Alsike—Cash, $8.50. Births Girls Elvis and Edith Neely, 522 Chase Wililam and Ora Rice. 228 South La Salle. Marion and Lorraine Money. Methodist hospital. Harold and Kathryn Murphv, Methodist hospital, twins, Charles and Dorothy Capel. Methodist hospital. Boys Harry and Vera Kerr. Methodist hospital. Walter and Giadvs Shirley, Methodist hospital. Irvin and Louise Dew. Methodist hospital. Allan and Irene Sutherland. Methodist hospital. Benton and Ruth Harlan. Methodist hospital. Deaths Isabelle Murray. 50. of 827 Christian place, carcinoma. Charles Reinfels, 72. of 2433 Shelby, carcinoma. Edell Williams. 39. Methodist hospital, skull fracture. Catherine T. Dillane. 21. St. Vincent’s hospital, tuberculous encephalitis. Tneresa Westerhouse. 72, of 609 West Thirty-second, cerebral hemorrhage. Joe Baker. 34. of 738 North West, skull fracture. Harrv Arthur Woolman. 53. of 101 Alton. chronic myocarditis. Christopher Columbus Dickard. 76. of 711 Perry, tuberculosis. Maude L. Van Meter. 57. of 1812 Broadway, chronic myocarditis. Joseph S. Clayton. 67. of 26 South Warman. broncho pneumonia. Thomas Baldwin. 83. of 1418 Brooker. cerebral hemorrhage. Lewis C McCarty. 82. of 1857 Orleans, chronic myocarditis. Marv C. Ballard. 85. of 1214 St. Peter, cerebral hemorrhage. John Peatree. 62, of 2442 Cornell, chronic mvocarditis. Annabel Bovkin, 29. city hospital, diphtheria. Plumbing Permits W. W Barker & Son. 744 East Fiftyninth; two fixtures. Wm. F. Steck, 5320 Central; two fixtures. C. A. Johnson, 2133 Shelby; three fixtures C. A. Johnson. 2141-43 Shelby; two fixtures. C. A. Johnson. 2258 South Randolph: four fixtures. Earl Kent, 3770 Collepe; two fixtures. F Cress. 750 Bancroft; one fixture. John Irvin. Ohio and Massachusetts: four fixtures. A W. Holle, 219-21 West Washington; one fixture. A C. Erber. Kenmore and South drive Boulevard; six fixtures. A. Bremer, 1859 Shelby; two fixtures. E M. Hardin. 305 North Illinois; one fixture. Frank Lauber. Highland and East Michigan: four fixtures. Sturm-Barker, 3849 East Thirty-first; three fixtures.

Gone, but Not Forgotten

Automobiles reported to police as stolen belong to: Thomas Long 1020 Bradbury street. Buick sedan. 261848. from Longacre swimming pool. Jesse Duncan. 2717 North Capitol avenue. Auburn sport coupe, from Senate avenue and Market street. Grace Reuter. R. D. 4, Box 362 Plymouth sedan. 34-327, Gom Capitol avenue and Market street.

BACK HOME AGAIN

Stolen automobiles recovered by police belong to: Herbert A Pinnell. 5679 Washington boulevard. Plymouth coach, found at Franklin. Ind stripped of spare tire. F Pennington, R R. 8 Box 114, Plymouth sedan, found at 5400 Fletcher avenue. Ford coupe, no title, motor number 12664954. on automobile license plates 39-457. issued to Thomas Goodlow, 1541 Nor'hwestern. for Hupmobtle coach, found at Vermont and Meridian streets. Tin Demand Speculative B // Tunes Special CHICAGO, June 28.—Tin demand in the United States is reported to be fairly active, but mostly of a speculative character. . Tin plate operations have dropped to 70 per cent of capacity and a further recession is expected.