Indianapolis Times, Volume 46, Number 43, Indianapolis, Marion County, 30 June 1934 — Page 14

14

Wall Street Trade Agreements Have Important Bearing on General Business. BY KALFti UfcNDtKhUOl Tim.* lintirul Writer

■f IT ALL Street anxiously awaited W and has been waiting ever since congress adjourned—lor a clear expression of the administration's policies by President Roosevelt. It is hopeful aiso that the Pre ident will toss out the olive oranch to business now that terms demanded earlier have been

nearly all enacted into law. The President holds an un u s u a 1; amount of power over the nation’s financial and 4 business poll- t cies. this pow- ; er having been given to j him by con-j pta Cone-: q u e n t ly his | every word , and action is | c o irmanding i

-~a< /vSitS

Hendershot

most attention in the hope that hey will provide some clew as to his leanings a a a , POME months ago the big issue O seemed to be to get commodity prices back to 1926 levels. This has not been accomplished, and of late' little has been said about it. Wall Street Ls wondering whether the idea has been abandoned or further inflation will be ordered in an attempt to carry out the original intent. The President’s international trade plans also are eagerly awaited. The raising or lowering of tariffs and other trade agreements always has an important bearing I on general business. It is quite dis- ' ficult for many companies to lay j plans for the future or to make credit arrangement* so long as such questions remain unanswered a m a IN all probability the President’s, plans will be made known before the fall elections roll around. In fact this would seem quite necessary. Whether the Chief Executive wishes to get mixed up in local politics or j not the public will be voting on the i New Deal to a very large extent j when it casts its ballots for congressman. And those who are run- j nmg for office will be put in an embarrassing position if they are j unable to tell their constituents what it is all about. Some silver advocates have be-! come cis itisfied with the wa; the | treasury department has been car- j ryuig out the dictates of congress J regarding the white metal. Thej point is ntide that silver for July j delivety is selling nearly 100 points j lower here than in London, indicat- j ing, it is claimed, that buying is not! going ahead here, as was promised, j In fact, charges have been made! that the government has been sell- j ing some of its silver. N. Y. Coffee, Sugar Futures COFFEE —June 23 —Santos— His'i. Low. Close. Mav 1060 10.53 10.60 Julv 9.78 9.67 .9 78 September 10.35 March 10.52 10.43 10.52 December . 10.45 10.40 10.45 -BioJanuary 7.85 March 7.90 May ?0 July 7.5S September 770 7.66 768 December 7-81 7.73 7.81 SUGAR High. Low. Close. January 182 181 1.82! March 1.88 189 186 May 1-32 131 1.31 September 1-73 1.71 1.71 December *-81 1.80 1.80 In the Cotton Markets —June 29 — CHICAGO High Low Close j, nuary 12.77 12 64 12 64 12 87 12 76 12 76 12 33 12 24 12 24 12 60 12 44 12.44 De-ember 12.72 12.57 12 57 ( NEW YORK January 12 61 12 55 12 55 j March 12 78 12 64 12 6), Mav 12*7 12 75 12 75 j Julv 12 28 12 13 12 15 I October 13 '2 12 35 12.35 1 Pecrmber 13 64 12 50 12.50 j NEW ORLEANS January 12 52 Mirch 12 76 12 63 12 63' v, 12.0 12.2* 12.72 July 12 21 12 13 32.13 Octoher 13 47 12.22 12 34 12.01 16 12.47 Retail Coal Prices IT.* (o!'.pia! price' reore'en* ouotstianapotu coal aelrrs A vu' i c:;coun; cl 25 cents per ion Is allowed Domestic Retail Prarea ......91S.M Bra il lump 600 Dr-.- i ece 550 ; B: >-.il mine run 5-25 1 Cose nut se 82* ] Coke, rit !* ............... 82ii boitna forked lump ............... 600 j ii 5 Kentucky lutr.D • jjo, Piscahontas lump J-00 P.vahontas egg 800 Pocahontas forked lump 900 P. cahontas mine run • Jo; New River smokeless 800 Wes: Virginia lnrao 675 West Vlramia egg 850 Island Creek . 700 Extra charge of 50c a ton for wheeling coal and $1 a ton for coal carried to bin PRODUCTION OF PACKING HOUSES UP DURING MAY Month's Total 18 Per Cert Above April: Sales Gain. tty 1 1 mea Special CHICAGO. June 30.—Production of packing houses in the United States swelled greatly and oing May. nstng to a higher level than in any month since January, showing an increase of 18 per cent over April and an advance of 11 per cent over the average for the years 1924 to 1933. Sales were tile highest since October, 1931. The huge gain wns attributed to heavy marketing of cattle from drought stricken areas. The Federal Reserve bank of Chicago, which made the report, announced there was a demand equal to the task of Rssunilating sales at about the san e price level as in April. Prices ver* considerable higher than last year, but . r*?r than for the 192433 average. Employment and wages in the industry rose sharply during the month over the corresponding month last year, the former showing k pain of 5 ; per cen: and the !-.,ter a ri’-e of fi per <mnt. Number of hours wotkrd advanced 4 _ P?r cen Imarmre Sain Uitf 'ty l maatpreiai CHICAGO. June 30.—Total sales of life insurance in the mate of Illinois dur.rg May amounted to S4B *l9# OOP. an increase of 21 p*r cent over May 1934 the Illinois Chamber of Commerce reports.

MOTOR SHARES HIT NEW LOWS IN FINAL, TRADE Profit Sales Force General List Down Fractions to 2 Points. BY ELMER C. WALTER tinted Pres* Financial Editor NEW YORK, June 30.—Prices j eased fractions to more than 2 i points in a dull session on the Stock Exchange yesterday. Lows of j the day were made in the last half hour of trading. Meanwhile, sugar , was about steady, while cotton lost a few points. Rubber and silver gained. The dollar firmed. Probably the principal reason for the lethargy was the attitude of the financial community over President Roosevelt's speech delivered over the radio last night. Traders had anticipated remarks that would be bullish on the markets. Instead the President omitted all reference to future acts, especially pertaining to the dollar and to commodity prices. Steel Issues Weaken Steel shares were weakest in late! dealings, influenced by posting of reduced prices on many steel products. United States Steel lost a point and the preferred more than a point. Others of the group were down correspondingly. Further selling came into the automobile shares. Auburn Auto made a record low aroufid 22, against a previous close of 25. Nash made a new low for the year at 15 x ft , off %. Chrysler lost more than a point and General Motors nearly a point. Proit-taking in silver issues brought the group down from 1 to more than 2 points with United Smelting the heaviest loser. Silver futures were fairly active at times at rising prices. The latter market has little influence on silver mining companies since they can sell their product direct to the treasury at 64 1 * cents an ounce, against current market quotations around 46 cents. The railroad had bullish news in the form of a $50,000,000 bond offering for Pennsylvania railroad and a rise in car loadings caused mostly by heavier movement of grain. They declined with the general list, however, with New York Central. Atchison and Southern Railway off more than a point each. Utilities Off Slightly Amusements were still under the! influence of summer decline in at-! tendance at the movies, although I losses were smaller than in recent! sessions. Loew s was steadied by a | report that its earnings were holding up well. American Telephone lost nearly 2 points and Western union a point in the communications. Utilities were slightly lower. Stock sales yesterday aproximated 440.000 shares against 640.000 shares Thursday. Curb sales were 114 shares against 176.000 shares Thursday. Dow Jones preliminary closing averages, industrial 95.73. off 1.39, railroad 4393 off 066, utility 23.77, off 0 44. Money and Exchange INDIANAPOLIS BANK CLEARINGS —June 29 Clearings $2,015,000.00 Debits 4.941.000.00 FOREIGN EXCHANGE (Bv Abbott. Hoppin it Cos.) —June 29 Close. Sterling. England $5.05 Franc, France 0660 Lira. Italy 0855 Beigias, Belgium 2338 Mark. Germany 3870 Guilder Holland 1368 Krone. Norway .2539 Krone. Denmark 2257 Treasury Statement •By United Press t WASHINGTON. June 29. —Government 1 expenses and receipts of the current fiscal ! year to June 27. compared with the corre- j . ponduig period of the Drevious fiscal i year: This year. Last year r xpen es Sfi 969.957 702 70 $5,068,811.285 61 Receipts 13.M8.313.381.58 $2,063,606 984.04 Deficit 53,881.744.421.12 53 005.204.337 57 Cash balance $2,639 900.446 98 Investment Trust Shares ■Bv Abbott. Hoppin Ac Cos.) —June 29 Bid. Ask American Bank s'ocks Corp . 1.09 1.14, American Ac Gen Sec A .... 4.50 6.00 American A: Invest Tr Sh .... 1.75 Basic Industry Shares 3.29 British Tvpt' In\ Tr Sh 44 .50 Col. Trustee Shares a 4.60 4.70 Coroorate Trust Shares told' 2.05 2.09 Corporate Trust Shares inewi 230 2.33 Cuinulai.ve Trust Shares ... 4.01 Diversified Trust Snares A ... 6.25 Diversified Trust Shares B ... 7.77 8.00 j Diversified Trust Shares C . 3.0f, 3.05 ; Diversified Trust Shares D . . 45a 4 65] Fir.-t Insurance Stock Corp ... .87 1.00, First Common Stock Corn 6.5 70 i 5 \ed Trust Oil Shares A ... 8.00 F xcd Trust Oil Shares B 7.00 . -.nd.imenial Shares Inc .. . 1.96 2.16 -. corpora tors Investments 17.25 18.39 , ' and Bank Bond Shares .... 1.20 1.33 Priced Trust Shares 5.75 5.85 taut Shares 18.66 20.20 j . Nation Wide Securities . 3.27 3.33 , North Am Trust Shares is3i . 1.87 North Am Trust Shares <55-56) ?34 2.37 1 North Am Trust Shares 1 58•.. 2.31 2.34 • Selected American Shares ... 2.54 ... , Selected Cumulative Shares 6.50 , Selected American Shares Inc 1.16 1.2s ] Selected Income Shares 3.36 3.87, Std Amer. Trust Shares A 2.88 2.921 Trust Shares of America 2.67 2.7?' Trustee Std Oil A 5.55 5.70 Trustee Std Oil B 5.05 5.15 U. S. Elec Lt. & Pwr A 12.50 12.75 Universal Trust Shares 3.00 3.95 Daily Price Index •Bv United Press* NEW YORK. June 29.—Dun * Bradst reefs daily weighted price index of I thirty basic commodities compiled for i the United Press: <1930-1932 average 100) Todav 112 62 Yesterday 113 04 Week ago ' 112.01 Month ago 11l 15 Year age <June 30 98.25 1934 High * June 19) . —113.68 1934 Low <Jan. 3 101.05 iCopyr.ght. 1934 Dun it Bradstreet. Inc.) j ELECTRIC OUTPUT-RISES 4.8 PER CENT IN WEEK Production Totals 1.674.266.000 Kilowatt Hours. By 1 1 mrt Special CHICAGO. June 30.—National output of electricity during the week ended June 23 totaled 1.674.266.000 kilowatt hours, an increase of 48 per cent over the corresponding 1933 week. In the preceding week output was 1.665.358.000 kilowatt hours. The report, issued by the Edison Electric Institute showed total output in Chicago alone amounted- to 97.8740X1 kilowatt hours an increase of p 2 per cent over the similar 1933 weex. In the preceding week output totaled 97.693.000 kilowatt hours Tne increase in Chicago over early months this year is attributed to the Century of Progress. Gains by districts last week over the corresponding 1933 week was as foliowA Middle Atlantic. 6.5 per ren* cer*ral industrials. 5.7 per cent; west central. 7,4 per cent and southern states, 4.3 per cent.

New York Stocks ““ tuv Abbott. Hoppin St Co.> —————

AVERAGE STOCK PR ICES FOR THURSDAY Net High. Low. Close, change. Thirty industrials 97.8.7 96.18 87.14 -t .20 Twenty rails 44.78 44.08 44.59 -f.12 Twenty utilities 24.36 23.98 23.21 4.10 Forty bonds .... 94.85 4-.14 Ten first rails .... 101.74 4 .13 Ten second rails .... .... 81.65 +.30 Ten utilities .... -- n l Ten industrial'! .... 97.42 +.15 + Up. -Off.

—June 29 Prev. Oil*— H:gh. Low. Close, close. Atl Rig 25 24N 24’. 25 Barnsdall 7% 7% 7% 7% Consol Oil 10® 10', 10', 10% Corn of Del .. 19% 19 19 19 Houston <new; 3’, ... Houston (old) 20'., 20’i Mid Cont Pet 13 13 Ohio Oil 11% 11% 11% 11% Pet Corp . - 10% Phillips Pei ... 17% 17% 17% 17% Plymouth Oil .. 11% 11% 11% 11% Pure Oil 10% 10% 10% 10% Royal Dutch .... . 35% ... Sbd OH 31% 31% 31% 31% Shell Un 8% 8 8 3% Skelley Oil . 9% Soc Vac 16% 15% 15% 18 SO of Cal 35% 35 35 35 SOOf N.T 44% 44 44 44% Sun Oil • 62% Texas Corp 24 23% 23% 23% Tidewater Assn 12% 12 12% 12% Un Oil of Cal . 16% -6 16% 16% Steels— Am Roll MiL* . 19% 18% 18% 19% Beth Steel ... 33% 32% 32% 34% Bver* AM. 24% Col Fuel Iron 6% Cruc Steel 22% Inland Steel 38 Ludlum Steel 14 McKeesport Tm •• 87% Natl Steel 41% 40% 40% 41% Otis Steel .. . 4% 4% 4% 4% Ren Iron St St. 16% 16 16 16% Rep Iron it S ofd . _ 45% U S Pipe it Fdy 24% 23 23 .- • U S Steel .. 39% 38% 38% 39% U S Steel pfd.. .. 83 84 Warren Bros. 9% 9% 9% ?% Youngstwn S&T 20% 19% 19/, 20-4 Motors— Auburn 25% 22% 22% 25 Chrysler 40 38% 38% 40% Gen Motors 31% 30% 30% 31%' Gen Motors pfd 102 101 1 /, 102 .. Graham Mot .. 2% 2. 2 2% Hudson 10 9% 9% 9% Hupp 3% 3% 3% 3% Mack Truck ... 26'/, 26 26 25% Nash 16 15% 15% 16 Packard 3% 3% 3% 3% Reo 3% 33 3 Studebaker 4% 4 4 4 1 /, Yellow Truck ..4% 4 4 Motor Access— Bendix 15% 14% 14% 15 Bohn Alum ... • • - , 56 Borg Warner ... 23% 22 T /§ 22 1 /, 23 Briggs 17% 17 17 17% Budd Wheel 33% Eaton Mfg ... 16% ... Elec Auto Lite 21% 21% 21% 21% Houdaille A ... 4% 4 4 4% Mullins Mfg 11% ••• Mullins Mfg pfd . .. . 33 33% Murray Body.. 6% 6% 6% 6% Stew Warner... 7% 6% 6% 7 Timken Roll ... 30% 30 30% 30 Timken Det Axel 6% 6% 5% 6% Mining— Alaska Jun .... 21% 21% 21% 22 Am Metals .... 24% 23% 23% 24 Am Smelt 44 42% 45% 43% Anaconda 15% 14% 14% 15% Cal & Hecla .. 14 Hi, Cerro De Pasco. 43% 41% 40V, 43 Dome Mines ... 44% 43% 43% 44 Granby 10% 10 10 10 Gt Nor Ore 11% 11% Homestake Min .• , 410 412 Howe Sound 56% 55% 55% 56% Ins Copper . 4% 4% It Nickel 26% 25% 26 26% It Silver . 33 Kennecott Cop.. 22% 21% 21% 22% Mclntvre Mine . 48% 48 48 48 Norandn Cop .. 44 43% 43% 43 s Park Utah 17 s , 17% 11% 4% Phelps Dodge ■ , 3t Joe Lead .. 20% 20% U S Smelters.. 131 127% 127% 130% Vanadium 21% 20% 20% 21% Amusements— Croslev Radio.. .. ... ljj’* Fo Thea • 13% 13 % Loews Inr .... 28% 27% 28% 271, Radio Coro .... 7V* 7 7 7 RKO . . 2% 2% 2% 2V, Warner Bros ... 5V* Tobaccos— Am Tob (A).... -• ••• ?4 74 Am Tob IB)... 76'/, 76 76 Gen Cigars ... . 42 40% Lig ft Myers <Bi 96 95% 95% 96% Lorillarrt . 18 % 18V, 18% If % Reynolds T 'B' 45% 45% 40% 45% Rails— Atchison . 59% 58% 58% 591, Atl Coast Lines 39 38% 38% 40 B & O 24 23% 23% 24% Can Par, 14% )4% 14V, 14V, Ch ft Ohio 43 47% 47% 48 Chi & Gt W pfd 7% ... C M ft St P. . .. 4% 4% C M & St P pfd 7% 7% 7% 7% Chi N W ... 9% 8% 8% 9% Chi N W pfd . 17% 17% Dela & Hud ... 54% 54% 54% 55 Del Lac & W.... 23% 22% 22% 23% Erie I?V* Erie pfd ........ .- 84 2a Grt North pfd 22% 22 22 20% R 1 Central 25% 24% 24% 25% K C Sou 39% Lehigh Valley.. 15% 15 15 15% Lou it Nash... 32% 51% 54% 52% M K & T • 9% 9% M K ft T 22% 22% 22% 23% Mo Pac pfd .. 5% 5% 5% 6 N Y Cent 29% 28% 28% 29% NYC&St Lpf 31% 31 31 32 NYN we Haven 14% 15% N Y Ont & West 7% Nofolk & Wes ■ 183% 183% Nor Pac 25% 25 25 25 Penn R R 31% 30% 30% 31% Heading • • 51% Sou Pac ........ 25 24 24 24 ISu R R 24% 23% 24 23% Sou R R pfd .. 30% 30 30 31% Union Pac ..123 122,, West Maryland.. 12V, 12 12 Equipments— Allis Chalmers . 15% 15% 15% 15% Am Brake Shoe 26 25% 25% Am Car St Fdy 21 Am Loco ?4 Am Mach St Fdy 14% 14% Am Steel Fdy 16% 16 16% 16 a Bald Ixico 10% 10% 10% 11% Burroughs 14 13% 14 14 Case J I 51 50% aO% a2 Cater Traci ■■ 27% 27% Deere & Cos 20% 20V, 20% 20% Elec St or Bat 43% 43% Foster Wheeler . . 16 Gen Am Tk Car 37% 36% 36% 37% Gen Elec 20 s , 19% 19% 20% Gen R R Sig ... 32% 33 Ingsol Rana ... 60 SO", 59% 60 Int Bus Mach... 140 Int Harvester .. 33 s 4 33 33 33% Natl Cash Reg • • , 16% 16 r Pullman Inc ... 50 48% 48% 51% Rem Rand 10% 10% 10% 10% Und Elliot ■ 47% West Air B ... 22% 32% 22% 22% Westingh Elec 37 36% 36®, 37% Worthington Pm 21 L'tilities— Am A- For Pwr 8% 8% 8% 8% Am Power St Lit 7 s , 7% 7% 7% AT&T 114% 113% 113% 115 Am War. Wks .. 20% 20 20% 20% Brook Un Gas . . . 67®, Col Gas & Elec 14% 13% 13% 14®, Com & Sou ... 2% 2 2 2% Consol Gas .. 34 33% 33% 34% Elec Pwr ft Lit-. 5% 5% ss,5 s , 5% EPft L pfd .13% 13 13 Int Hvdro Elec . 6% 6 s , Int T & T . 13% 12% 12®, 13% Lou G& E < A). 16% 15% 15% 16% Nat Pwr ft Lit . • • 10% North Amer.— 17% 17% 17% 17-’, Pac C. & E 18% 18% 18% 18% Peoples Gas .. 31% 31% 31% 32% Postal Tel pfd . . 19 21 Pub Serv N J . 36% 36 36 36% So Cal Edison • 16®, 16% 16®, 16% Std Gas .... . 11% 11% S:d Gas pfd 12% 11®, 11®, 12% Stone & Webster 8% 8 8 8% United Corp 5% 5% 5% 5>: t Un Gas Imp . 16 s , 16% 16% 16®, Ut Pwr & Lit A. 32% 2% West Union 46% 45% 45% 46 s Rubbers— Firestone 18 17% 17% Goodrich 13 12% 12®, 13'. Goodyear 27% 27", 27% 27% Kelly Spring 2% 2% 2% 2% U S Rubber ... 18®, 18 18 18®, U S Rub nfd .45% 44% 44% 45% Miscellaneous— Am Bank Note 21®, 21% 21% 21 Am can . 97\ 96% 96% 97 Brkvln Man Tr . 38% 37®, 37®, 38 Conti Can 80 79% 79 s , 80 Crown Cork .... 25% 24% 24% Curtis Pub .. 22% 21% Curtis Pub Pfd . 19% 79 79 79% Eastman Kodak .98 96®, 97% 9 Gillette 10®, 10% 10®, 10% Glidden . 24% 24% 24% 24®, Inter Rapid Tr . 8% 8 8 Foods — Am Sugar ..... 66% 65®, 65% 66 Armour A s®, 5 7 0 Beatrice Cream • 16 s * . Borden Prod .. 27% 26% 26®, 26% Cal Packing 32% 33% Can Drv G Ale-- .. ••• 21 % 21 '2 Coca Cola . • 126 % Corn Prod 65 64®, 64% 67 Crm of Wheat . 33 33 Cuban Am Sugar 8H 8% B®, 8% Gen Food* • - 32 31 s , 32 31% Gold Dust 20 19®, 19®, 20 G W Sugar 34% 33 33 34% Hershey 63% Int Salt 30% 30 Loose Wiles 40% Natl Biscuit .. 35®, 35% 35% SS", Natl D Prod .. 18®, 17®, 17®, 18% Purity Bsk . • 13% S Porto Rico S 36 35 35 36-2 SDencer Kellog - 23 Std Brands 21% 20% 20% 20 s , Un Biscuit 25% 25 25 25' 2 United Fruit ... 72% .2 *2% 72 Wrigley 64% 63’, 64 64 Retail Store*— Ass Dry Goods 12% First Nat! Stores . •• 63'a 64% Gimbei Bros ... 3®, 3% 3®, ... Gimbei pfd 23 •.. Gr Un Tea . . •• * Hahn Dep* Sit S% 5- 5 * .- Kresge S S . ... 19% 18 , 19 19% Kroger Groc ... 31®, 30% 30% 31% Macv R K . 41% 41% 41% 42-2 Marshal! Fields 15% 15 15% 15% May Dept St . 38 Vl?nt Ward 28% 27% 27% 28% Natl Tea . 12®, Pennv J C 58 2 '7% 5.% 58% Safeway Sr 50% 50 50 50 S-'ars R.vebuek 42", 41% 4!’, 43, Woolworth 50®, 49 * 49 , 50% Aviation—j Ai'F.on Com 6% 8% 6 6% Curtiss Wright. 3% 3% 3% 3% Curtiss Wr A . 10% 9% 9®. 15°,, Dougiav Air ... 19% 19% 19% 20% I Nor Am At... 4% 4% 4®, 4% i Sjeery Corp.... t 6% 6% *%

THE INDIANAPOLIS TIMES

United Aircraft 13®i 18% 18% 18% Wright Aero ... 53% 53% 53% 51% Chemicals— Air Reduction.. 99% 99 99% 100% Allied Chem ..132®, 131% 131% 131% Am Com Alcohol 34% 34 34 35 Col Carbon . , 73% 74 Com Solvent .. 23 22®s 22®, 22% Dupont . 90 88 88 90 s , Freeport Tex.... 32®, 32 32 32% Liquid Carb.... 28®, 27®, 27®, 28% Math Alkali. 32®, 32% 32®, 32®, Montosonta Ch 51% 51 51 % 50% Natl Dis (new).. 24% 23% 23% 23®, Schenelev Dist . 23% 27 27 27% Tex Gulf Sulph 34% 34% 34% 34®, Union Carbide . 43% 43 43 .. U S Indu Alco 43% 41% 41% 42% Virg Chem 6% p 9% ... Drugs— Cotv Inc Lambert 25% 25 25% 25'* Lehn St Fink.... . 19®, 20 Un Drug 15®, 15®; 15“ 15®, Zonlte Prod 5% 5% ora SV, Financial— . Adams Exp 9 B®, B®, 7% Allegheny Corp.. 2®, 2% 2 s , 2®,, Chesa Corp • 46 46 Lehman Corp... ■ 69% 69 Transamerica .. 6®, 6®, 6®, 6®; Tr Conti Corp 4% 4®, Building— Am Radiator .. 14®, 14 14 14% Gen Asphalt ... 19% 18% 18% 19 Int Cement ... 26% 25% 25% ... Johns Manville ■ 53®, 52% 52% 54 Libby Owens Gls 31':: 31’2 Otis Elev 15®/, 15% 15% la'-* Ulen Const 2% Household — Col Pal Peet ... . 15®/, 16 Congoleum 27% 27 27 Kelvinator 17 15% 15% 17 Mohawk Carpet 17'% . Proc & Gamble ... 36 36% Simmons Bed .. 16 15% 15% 16 Textiles— Amer Woolen • 10 % 10% Belding Hem ... 12 3/ , 12% 12% 12% Celanese Corp .. 25% 25% 25% 26 Collins Aikman. 15% 15®/, 15% 16 Gotham Hose ... ■ , ■ 7% Indus .. 25®% 25 25 25 Kayser Julius 17 17 New York Curb <Bv Abbott. Hoppin St Cos.) —June 29 Am Cyanide B 18 j Close. Am Gas St El.. 26% Humble Oil ... 42 Am Superoow . 2% I Imperial Oil Ltd 15 Ass Gas St El. Vint Petrol . 27% Atlas Corp 10®,(Lake Shore Min 54 Axton Fish Tob 58% Lone Star Gas 5% Can Ind Ale A 8®s i Natl Bellas Hess 3% Cities Serv .. 2'' 2 iNewmont Min 52% Consol G of Bt 65®,Nia Hud Pw ... 52 Cord Corn . 3®, Novadel Agene. 20% Creole Petrol 13®, Pan Am Airway 37 Deere St Cos 20% Park Davis ... 24% Distillers Lim. 23% Penn Road 2®, Distillers Corp 15% St Regis Paper. 3% Dow Chem ...100 Sal Crk Prod . 6% El Bd & Sh... 14®/, Sherwm Wms.. 69% Fisk Rubber .. 10®; Std of 1nd.... 27 , Fd of Can A 30% Std of Ky--- •• 16% Ford of Europe 7®, Technicolor Ind 13 Gen Aviation. 4%!Teck Hugh Gld 6% Glen Alden Coal 19%iUn Gas ?% Gulf Oil of Pa 63% ! Un Pwr & Lt A 2% Hiram Walker. 36% Wr Hargrav M. 9% Hud Bav Min.. 13®,

Chicago Stocks (Bv Abbott. HOODIE & CO.)

TOTAL SALES. 11,000 SHARES —June 2m High. Low. Close. Am Pub Serv pfd 9% Asbestos Mfg ... 2% Associates Inv Cos ... 61% Berghoff 7 6% 6V* Bastian Blessing 4% Bendix Aviation • .■ ■ 14% Borg Warner 23% 22% 22% Brown Fence & Wire B .. 2 Butler Bros 8V 8% 8% Cent 111 Pub Serv pfd 14% 14% 14% Cent 111 Securities com .. ... ‘A Cent 111 Securities pfd. .. ... 7 3 i Cent St So West pfd .. ... 5% Cent St So West P L pfd .. ... 15 Chicago Corp com ... 2 Chicago Flexible Shaft. II 107* 11 Cities Service . 2 Commonwealth Edison. 52% 52% 52% Cord Corp 4 3% 3% Crane Cos pfd 56 55 55 Dexter Cos 4% Eddy Paper 8 Electric Household . • 15 Gen Household Ut .... 12% 12% 12% General Candy Corp 4% Hall Printing 6% Interstate Power 7% 10 Katz Drug 30% Kellogg Switch com ... 3% Ky Ut Jr Cum pfd 10 9'% 10 Keystone Steel .. 18% Kingsbury 4% 4% 4% Libby McNeil 5% 5'% 5% Lion Oil Refining Cos 4 McWilliams Dredg’g Cos .. ... 19% Middle West Utilities % Middle W Util 6% p A . % National Battery 20% 20 20 Oshkosh Overall 4% Penn Gas & Elec 15 Prima Cos . . -4% Public Service 7% pfd. 72 Reliance Mfg Cos 13 So West L & P nfd 3* Standard Dredging Cos . - % Swift &Cos 18V* ’ 17% 17% Swift Internacional ..33 7 / 31% 31% U S Gypsum com 44% Vortex Cup Cos 13% Wahl . 1% Walgreen Cos com ... 27 Zenith Radio 2% u. S. GOVERNMENT BONDS ißy United Press) NEW YORK. June 29.—Closing liberties: 'Decimals Represent 32nds.) —Liberty—--3%S (32-47) 104 7 First 4'<s '32-47) 103.14 Fourth 4 ,s >33-38) 103.26 Treasti rv—4'ls 3'is <45) 103.24 4%s (47-52* 103.10 3 2-8 (43-47) 104.20 3®*s (40-43', June 105.4 3%s (43) 105.4 3%S (46-49) 102.18 3s (51-55) 101.14 FEDERAL FARM LOAN BONDS (By Blyth & Cos.. Inc.) Bid Ask. 4s. Nov. 1. 1957-37 100% 101% 4s. Mav 1. 1958-38 100% 101% 4'is. Julv 1 1956-36 100% 101% 4Us, Jan. 1. 1957-37 100% 101% 4%5. Mav 1. 1957-37 100 i 101% 4' is. Nov. 1, 1958-38 101 % 102% 4%5. Mav 1. 1942-32 100% 101% 4%5. Jan. 1. 1943-33 100 s * 101% 4%5. Jan. 1. 1953-33 100% 101% 4%5. Julv 1. 1953-33 100% 101% 4%5, Jan. 1 1955-35 100®i 101% 4' s. Jan. 1. 1956-36 101 Va 102% 4® 4 * Julv 1. 1953-33 100 4® 4 s. Jan. 1. 1954-34 100 4 "is. Julv 1. 1954-34 100 ss. Mav 1. 1941-31 101% 101% 5s Nov. 1. 1941-31 101% 101% —Home Loan—4s. July 1. 1951 100.25 101.00 —Federal Farm Mortgage Corporation—--3%s March 15 1964-44 101.18 101.24 The latter two quotations are in thirtyseconds. PAN-AMERICANI/lAKES INITIAL DISBURSEMENT Dividend Is First Paid by Firm in Seven Years o? Existence. By Tunes Special CHICAGO, June 30—Pan-Ameri-can Airways Corporation this week declared a dividend of 25 cents a share on the common stock, the first disbursement since the company was formulated seven years ago. In announcing the payment, J. T. Trippe, president, said mail, passenger and express traffic over all divisions of the system has steadily improved this year. Directors of Central Power and Light Company, indirect subsidiary of Middle West Utilities, authorized payments of 43% cents a share on the 7 per cent cumulative preferred stock and 37% cents a share on the 6 per cent preferred stock, the first payment on either since last November. DOLLAR REMAINS WEAK Pound Equal to $5.06% in United States Currency at London. By United Press • LONDON, June 30.—The dollar was weaker yesterday. The pound was $6.06'%. 'Gold fell 2 cents to 534.77’.* a fine ounce with the sterling price 137 shilings five pence, down three penc. Thursday’s price was fixed with the pound at $5.05’2. PARIS. June 30.—The dollar was weaker yesterday with the franc at 15.15 to the dollar t6.60i cents a franc).

HOG PRICES UP 5 TO 20 CENTS; CATTLE STEADY Lamb Market Again Moves* Sharply Lower; Veals Remain Even. Porker prices regained part of the sharp decline of the previous local stockyards yesterday. Most classes were around 5 to j 10 cents higher than yesterday’s j average, while practically all un-1 derweights advanced from 10 to 20 The bulk of all weights, scaling 160 pounds and up, was selling at $4.60 to $4.85. Early top held at $4.90. Small slaughter pigs, weighing 130 to 160 pounds, brought $3.60 to $4.10. Other light grades, ranging 100 to 130 pounds, were salable at $2.85 to $3.35. Packing sows sold at $3.50 to $4.15. Receipts were estimated at 5,000; holdovers. 807. The cattle market was fairly active in a wek-end clean-up trade, with practically all classes fully steady at the previous close. Nothing was on hand to command top prices. Receipts were. 400. Trading continued in narrow limits in the veal market, and all grades sold at $4.50 down. Receipts were 500. Another 50-cent drop featured trading in the lamb market following a similar decline Thursday. Bulk of good ewe and wether lambs sold at SB. Bucks ranged from $7 down. Throwouts were salable at $5.50 and less, while slaughter sheep remained unchanged. Receipts were 1,000. Asking was strong on hogs at Chicago, with no early bids evident. Receipts were estimated at 18,000, including 9,000 directs* holdovers, 4,000. Cattle receipts were 4,000; calves, 2,000; arket steady. Sheep receipts 6,000; market steady. June Bulk. Top. Receipts. 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. 4.500) 4.60 4.85 7.000 29. 4.60@ 4.85 4.90 5.000 Market, Lower (140-160) Good and choice $ 3.85@ 4.10 —Light Weights—-(l6o-180) Good and choice.... 4.60 (180-200) Good and choice.... 4.65@ 4.70 —Medium Weights—-(2oo-220) Good and choice.... 4.75® 1 4.80 (220-250) Good and choice.... 4.80@ 4.90 —Heavy Weights—-(2so-290) Good and choice.... 4 85®! 4.90 (290-350) Good and choice.... 4.75@ 4.85 —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 2.85@ 3.35 CATTLE Receipts, 400; Market, Steady Good and choice S 6.50® 9.00 Common and medium 4.00@ 6.75 <l.lOO-1,500) Good and choice 7.25® 9.25 Common and Medium 5.50® 7.50 (675-750) Good and choice 5.50® 7.00 Common and medium 3.25® 5.75 (750-900) Good and choice 5.25® 7.00 Common and medium .... 3.50® 5.25 —Cows— Good 3.50® 4.25 Common and medium 2.50® 3.50 Low cutter and medium 1.50® 2.50 Bulls (yearlings excluded) Good (beef steers) 2.50® 3.50 Cutter, common and medium.. 1.50® 2.00 VEALERS Receipts, 500; Market, Steady Good and choice $ +oo® 4.50 Medium 2.50® 4.00 Cull and common 1.50® 2.50 —Calves— Good and choice +so® 5.50 Common and medium 2.50® 4.50 —Feeder and Stocker CattleGood and choice Common and medium 3.00@ 4.25 (800-1,500) . . „ Good and choice ~ ? Common and medium 3.00® 420 SHEEP AND LAMBS Receipts, 1,000; Market, Lower (Shorn Basis) Spring lambs, good & choice $ 7.75® 8.00 (90-110 lbs.i Good and choice 7.00® 7.75 (90 lbs. down) Com. and med. 5.50® 7.00 —Ewes— Good and choice 2^.00® 3.00 Common and medium 1.50® 2.UQ Other Livestock (By United Press) CHICAGO, June 29. Hogs—Receipts, 18,000, including 9.000 directs; active, fully 10 cents higher than yesterday. 2201320 lbs. $4,900/5; top $5.05; 170-210 lbs.. $4.35 (and 4.90. light lights. [email protected]: good pigs $3®3.50; packing sows, s4® 4.30; light lights 140-160 lbs., good and choice. $3. *5 trr4.35; light weight 160-200 lbs., good and choice, $4.15®4.90; medium weights, 200250 lbs., good and choice, [email protected]: heavy weights. 250-350 lbs., good and choice, $4.90®5.05; packing sows, 275-550 lbs., medium and choice, [email protected]; slaughter pigs, 100-130 lbs., good and choice, $2.750 3.75. Cattle Receipts, 4 000- calves, 2,000; slow; steady market on most killing classes; killing quality plain; ocal demand narrow; very few cattle in crop wel finished enough to interest eastern shippers; ower grade killing steers down to $3; bulk, $4.50®6.50: nest yearlings. 57.90: practically all kinds reflecting week’s 25 to 50 cents downtorn; bulls and vealers steady; catch-as-catch-can market on cows and heifers; slaughter cattle and vealers; steers 550-900 lbs., good and choice. $5.750 8.50; 900-1.100 lbs., good and choice. $5.7509.50; 1,100-1.300 lbs., good and choice. $6.50®10.35; 1.3001 500 lbs., good and choice. $7.50®10.35; 550-1,300 lbs., common and medium. $3 <t--7 50; heifers. 550-750 lbs., good and choice. $4.750 6.75; common and medium, $2,250: 5- cows good. $3.750 5; common and medium. $2.35®3.75; low cutter and cutter [email protected]: bulls yearlings excluded good beef S3O 3.75; cutter common and medium $3.5004; cull and common. $2.50® 3.50: Stocker and feeder cattle: steers, 5501,050 lbs., good and choice. $4®5.50; common and medium, s3® 4. Sheep—Receipts, 6.000; most classes in meagre supply; steady; good to choice native spring lambs, $8.25®8.50 to packers under moderate sort; throwouts, $6®6.50; lat ewes. Sl®2. slaughter sheep and lambs; spring lambs, good and choice. $8®8.85: medium, $6.00 ®8; ewes. 90-150 lbs., good and choice, $1.500 2.25; all weights common and medium. $101.75. LAFAYETTE. June 29.—Hogs—Market 50 10c higher; 250-300 lbs.. 54.75: 300-3^o lbs. $4.60; 225-250 lbs.. $4.70; 210-225 lbs., $4 65: 200-210 lbs.. 54.60: 190-200 lbs., 54.50: 180-190 lbs.. $4.45; 170-180 lbs.. $4.40; 160-170 lbs., $4.35; 150-160 lbs., $3.85:140150 lbs.. 53.60: 130-140 lbs.. $3.35; 100-130 lbs. $2.600 3.10; roughs. $4 down; top calves, S4; yearling lambs. $7; spring lambs. [email protected]. FT WAYNE. June 29.—Hogs—Steady to 15c higher: 250-300 lbs.. $4.75; 200-250 lbs.. 54.65; 180-200 lbs.. $4.55: 160-180 lbs., $4 45- 300-450 lbs., 54.65; 150-160 lbs.. $3.85; 140-150 lbs.. $3.60; 130-140 lbs , $3.35: 120130 lbs. $3: 100-120 lbs., $2 75: roughs, $3.50: tags. $1.75. Calves, $4.50; lambs. SB. (By Times Special) LOUISVILLE. June 29.—Cattle—Receipts, 75; supply meager; largely plainer grade grassers; market around steady; bulk common to medium steers and heifers quotable. S4O 5: thin fleshed grassers in cutter flesh down to S3 or less; strictly good dryfeds quotable to around $6.20; bulk beei cows, $2.5003; good smooth kinds to 53.50 and above: bulk sausage bulls considered salable 52.250.2.75; best heavy kinds quotable higher stockers absent. Calves—Receipts. 400: steady: bulk vealers. S2®4. according to weight and qua’ity. Hog—Recipes, 600; market mostly 10c lower: better 135-275 lb. weights mostly 54.70: few closely sorted choice kinds this weight, $4.75: most butchers from 275 lbs. up. $4; few s4.oa; 160-185 lbs., 53.70: 145-160 lbs.. $3.35: 120145 lbs.. 51.95; sows, $2.45: grassy and unfinished hogs discounted 50c®$1. Sheep—receipts, 2,000; run includes two doubles rail lambs; market not fully established; early bids fully 50c or more lower; better truckedin spring lambs bid mostly. $7.50; few held higher: bidding mostly. $7.750 8 for better longhaul overnight and rail lambs: bucks discounted SI; few lifh*: medium lambs, $5.500 6: throwouts. So down: fa: ewes mostly Sl® 2: stock ewes quotable. $5.5007.50 per’head. CHICAGO FRUIT MARKET (Bv United Press) CHICAGO. June 29.—Apples—Michigan spies. $1.75 02: Illinois transparent'. S2o_ j 2.75. Carrots California. 52.2502.3a I crates. Cucumbers —Hothouse. 90c051.75 *2 doz * Tomatoes —Texas lug box. 51.T.0 02. Sweet Potatoes—Tennessee. .sl-85 bushel hampers. Mushrooms —Illinois. 15 <•) 5Ce. lb cartons. Asparagus—lllinois. 50c crate. Strawberries —Michigan. 350® $i 40 -416 quarts): Wisconsin. $292.75. Peaches --<seorgia 75c®51.15 -% bushel). Red Raspberries—lndiana. $2 6 2.75 <24 pints* Lettuce —California. $303.75 crate Beans —Southern green. 50c051.25 bushel. Onion Market *SO-!b. sacks)- Texas whites *1500150, California yellows, *1.15® 1.25. j|

Public Bank Deposits at Highest Point in History

Increase of $1,000,000,000 Shown Since End of February. BY RICHARD L. GRIDLEY United Press Staff Correspondent WASHINGTON, June 30.—A 1.000,000,000 increase in the public’s bank deposits since the end of February was claimed yesterday by government bank authorities. This four-month gain was believed to have been one of the largest in American banking history. It does not Include a sharp rise in government deposits or deposits of banks in one another which may bring the gain in total bank deposits in this period to nearly $3,000,000,000. In other words, the $1,000,000,000 gain in the public’s deposits reflects "real” accumulated savings of American individuals and corporations. Bank “Call” Expected. Official figures on the huge gain will not be available for several months when federal and state officials compile figures from the end of June calls for condition statements. It was regarded as virtually certain today that comptroller of currency J. F. T. O’Connor would issue a ‘-call” for the condition of the country’s national banks before the end of this week. For the past twenty years the treasury in each year has called for the condition of national banks at the end of June. The March bank '‘call” was resumed three months ago in an effort to publicize improved banking conditions. It showed that banks were regaining hundreds of millions of lost deposits. Even better showings are expected in this week’s call for condition. The gain in “real” deposits since March in the country’s 15,600 operating banks was believed today to have brought the country’s savings backlog in deposits to around the $40,000,000,000 mark, or $320 for every man, woman and child in the country. Rapid Recovery Shown Including deposits of banks in one another and nearly $1,000,000,000 in deposits of the United States government, it was estimated today that bank deposits have reached $46,000,000,000, compared with less than $39,000,000,000’ at the close of the 1933 banking holiday. The rapid recovery of the public’s bank deposits exclusive of deposits of banks in another, since the March. 1933, banking holiday is shown by the following official figures: Total nate Banks Total Deposits Dec 31 1929 24.630 $55,289,000,000 June 30, 1930 23,852 • 54,954,000,000 Dec 31 1930 22,769 53.039.000,000 June 30 1931 21,903 51,782,000,000 Dec 31 1931 19.666 45,821,000,000 June 30. 1932 19,046 41,963,000,000 Dec 31 1932 18,390 41.643,000,000 March 30. 1933 12,800 38,000,000,000. June 30, 1933 14,530 38,011,000,000 Dec. 31, 1933 15,212 38,646,000.000 March 5, 1934 .-... 15,250 39,000,000,000 June 30. 1934 15,300 40.000.000.000 Improvement in business conditions and the government's huge spending program are believed the most important factors in the increase. 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, lie; old roosters, 4c; ducks and geese, 3c: young guineas. 1% to 3 lbs., 20c; old guineas. 15c: No. 1 strictly fresh country run eggs, loss off 11c. Each full case must weight 55 lbs. gross; a deduction of 10 cents a pound for each pound under 55 lbs. will be made. Butter—No. 1. 27®28c: No. 2. 25@26c. Butterfat. 22c; Quoted bv Wadley Company. <Bv United Press) CHICAGO. June 29.—Eggs—Market unsettled; receipts 20,040 cases; extra firsts, 14%c; fresh graded firsts. 14%c; current receipts, 12%@13%c; dirties. No. 1,12%c; No. 2,11 c; checks. No. 1, ll%c; No. 2. 11c. Butter—Market, firm: receipts, 17.552 tubs: extra firsts, 90-91% score, 230 23%c; extras. 92 score. 24c: firsts. 8889' score. 21%@22%c; seconds, 86-87 score. 20%021c: specials, 24'20.25c; standards, 23%c. Poultry—Market, firm; receipts, 42 trucks. 1 car; heavy hens, 13lac: White Rock fryers. 21c; colored. 20c:: Plymouth Rock. 22c: colored and white rock broilers. 19c; Plymouth Rock, 21c: spring geese. 13c; turkeys, 14c; heavy spring ducks. 14%c; Leghorns. 10c: old roosters. B%c; Leghorn broilers. 160 lie: old clucks, 7c; springs, colored, 23c; rocks, 24c Cheese—Twins. 13%@13%c; longhorns, 13%® 14c; daisies. 13%@14c. Potatoes (old stock i—Supply, moderate; demand and trading, light; market dull; Wisconsin round whites, sl. New Stock — Supply, moderate; demand and trading, light on account of hot weather: Oklahoma triumphs, 51.70; slightly decayed. $1.30; Louisiana triumphs. $1.50; Arkansas triumphs. $1.75; North Carolina cobblers, $1 40 ® 1.60; barrels. $2.5502.60: Arkansas Cobblers, $1.50; arrivals, on track. 172; shipments, 934. NEW YORK, June 29.—Potatoes— Strong; southern $l.lOO 2.75 barrel; Maine, $1 100 2.25 barrel. Sweet potatoes —steady; Jersey’ basket. 60c®52.25 : southern basket, $1.2501.50. Flour Firm—Springs; patents, $70.7.25 barrel. Pork—Firm; mess $19.12% barrel. Dressed poultry—Quiet; turkeys, 12%®27c; chickens, 9®27c; broilers, 19027 c; capons, 250 35c; fowls, 100 18c; ducks, 13014 c; Long Island ducks, 130 15c. Live poultry—lrregular: geese, 7c;” turkeys, 110 19c; roosters, 9c; ducks, 8® 10c; fowls, 13®17c; broilers. 16®24c. Cheese—Dull; state whole milk, fancy to specials. r3O 19c. Butter—Receipts, 1a,256 packages; market, firmer; creamery, higher than extras, 25®25%c; extra <92 score), 24%c; first (90-91% score), 24024%c; first (88-39 score). 230 23%c; seconds, 22'70.22%c: centralized (90 score'. 240.* 24' 4C; centralized (88-89 score), 230,23®4c; centralzed (80-87 score), 22%®22%c. Egg —Receipts. 14,780 cases; market, steady; special packs, including unusual heennery selections, 17%®21%c: standards. 17%c: firsts. 15'ac; seconds. 15c; mediums, 14® 14%c: dirties, 14%® 14 3 , c; checks. 13® 13%c: storage packs. 16%c. CLEVELAND, June 29.—Butter—Market, steady: extras, 28c; standard, 28c. Eggs —Market, steady, extra white, 15c; current receipts. 14c. Poultry—Market, firm; colored fowls. 6 lbs. and over. 16c; Leghorn fowl, mediums, 16c; old roosters, 9c; ducks white. 5 lbs. and over, 14015 c. Potatoes—North Carolinas. $2.50 a barrel. Net Earnings Reported American Water Works and Electric Company for the year ended May 31, 1934. reports net earnings equivalent, after payment of preferred dividends, to $1.43 a share on its common stock, comparing with 95 cents a share as adjusted for the year ended May 31, 1933. American Home Products Company declares a monthly dividend of 20 cents a common share, payable Aug. 1, of record July 1.

A GOOD TONIC in TABLET FORM A Body Builder Koloidal Iron and Cod Liver Oil Extract Tablets Pottorff, 217% North Illinois street. Indiananolis, Ind M says; “Koloidal Iron Tablets simply amazed me. After using only two boxes of them my nerves were quieted and I slept soundly. Any one troubled with nervousness, underweight or loss of pep will find these tablets highly beneficial.” Koloidal Iron and Cod Liver Oil Extract Tablets, a builder of Nerve and Muscles. iHEALTHfcgffiStlJl] HAAG'S

Cash Grain

INDIANAPOLIS —June 29 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—Weak: No. 1 red. 80%®81%c: No. 2 red. <9%'SBO%C: No. 3 hard. 79% ® 80 %c. Corn—Weak: No. 2 white 59 0 60c: No 3 white. 584i 59c: No. 2 yellow. 54%® 55%c. No. 3 yellow, 53% 0 54%c; No. 2 mixed, 53%054%c; No. 3 mixed. 52% 0 53%c. Oats—Weak: No. 2 white. 40®41c; No. 3 white. 390 40c. Hav—Steady: (f. o. b. country point taking 23%c or less rates to Cincinnati or Louisville) No. 1 timothy. $13®13.50. —lnspections— Wheat—No. 1 red. 1 car: No. 2 red, 5 cars; No. 1 hard. 1 car; No. 2 mixed, I car; No. 4 mixed. 1 car. Total. 10 cars. Corn —No. 2 white. 5 cars; No. 2 yellow. 11 cars: No. 3 yellow. 8 cars; No. 2 mixed, I car. Totals. 25 cars. Oats —No. 2 white. 1 car: No. 3 white, 1 car. Total. 2 cars. Local Wagon Wheat Citv grain elevators are paving 78 cents for No. 2 soft red wheat. Other grades on their merits. (By United Press) CHICAGO. June 29.—Cash grain: Wheat —No. 1 red. 92®4c: No. 2 red, 92%®'93%c; No. 3 red, 91%0 92%c: No. 1 hard. 93%® 93%c; No. 2 hard. 92%®93c; No. 3 hard. 91%c: No. 4 hard, 91 %c: No. 5 hard. 85c; No. 4 dark hard. 89c; No. 2 mixed. 91%c. Con—No. 2 yellow. 62%c: No. 2 yellow lake. 61 %c: No. 1 white. 85%c. lake; No. 2 white, 65Vic. Oats—No. 2 white, 44%® 4%c: No. 4 white. 40c: sample grade white. 40c. Rye—No sales. Barley—6oo 94c; quotable, 56® 98c. Timothy—s9.2s® 9.50. Clover seed—slo.2s® 14. Cash provisions: Lard. $6.60; loose. $6.10: leaf, $6.12; bellies. $9.50. TOLEDO. June 29.—(Grain In elevators, transit billing! Wheat—No. 2 red. 91®92c. Corn—No. 2 yellow. 640 65c. Oats—No. 2 white. 47% 0 48%c. Rye—No. 2. 69%® 70%c. (Track prices, 28%c rate) Wheat •—No. 1 red, 87%®88c: No. 2 red. 86Vi® 87c. Corn —No. 2 yellow, 60 0 60Vic; No. 3 yellow. 590 59%c; No. 4 vellow, 58® 58%c. Oats— No. 2 white. 440 45%c: No. 3 white, 43' 045 c. See close; CloverCash, $8.25. .vlsike —Cash. $8.50. ST. LOUIS, June 29—Cash grain: Wheat—ln good demand, Vi to 2c lower on red and lc to lVic lower on hard. No. 1 red. 88',i®91c: No. 3 red. 890 90c; No. 5 red, 87c: No. 1 red garlicky. 89%c: No. 3 red smuttv. 87%c; No. 1 hard, 93c; No. 1 mixed. 92%c. Corn—ln good demand on yellow and slow demand on white. Unchanged to Vic higher compared with yesterday’s early sales and Vi to lc lower on yesterday’s late sales. No. 2 yellow, $3%063%c; No. 4 yellow, 62c: No. 2 white, 66c. Oats—No offerings, nominally Vic lower. No sales. NEW YORK. June 29.—Cash grain: Wheat—No. 2 red $1.09; No. 2 hard winter. $1.09L%. Corn—No. 2 mixed. 65%c. Oats —No. 3 white. 52%c. Chicago Futures Range (By United Press) —June 29 WhealOpen. High. Low. Close close. Julv... .92 .92 .90% .90% .92 Sent... .92% .92% .90% .91 .92% Dec 94% .94% .92% .92% .93% Corn— Julv... .60 .60% .58% .58% .61 Sept.. .62% .62% .60% .60% .62% Dec... .63 % .63'% .61% .61®* .64% Oats— Julv.. .44% .44% .43 .43% .44% Sept... .44% .44% .43% .43% .44% Dec..s .45% .45% .44% .44% .45% Kye— July.. .65% .65% .65% .65% .66% Sept... .68 .68% .67 .67'/* .68% Dec.. .70 .70 .69% .69% .70% Ba rley—• July 54 .55 Sept... .53 1 2 .53% .52% .52% .53% Lard — July.. 660 6.60 6.52 8.55 6.55 NOV.. 7.05 7.05 Dec.. 725 7.25 7.15 7.30 7.17 Jan... 7.30 7.32 7.27 7.27 7.30 Bellies— July.. 9.25 9.30 Sept.. 9.50 9.50 955 9.45 9.40 CHICAGO PRIMARY RECEIPTS —June 29 —Bushels — Today. Last week. Wheat 2,315,000 1,349,000 Corn 312,000 405,000 Oats 63,000 92,000

Bright Spots (Bv Abbott. Hoonln * Cos.)— “■

Pacific Lighting Corporation declares a quarterly dividend of 75 cents a share on the common stock, payable Aug. 15. of record July 20. Norfolk A Western Railroad Company car loadings in the week ended June 23 totaled 21,679 ears as compared with 21,611 in the preceding week and 22,139 cars in the corresponding 1933 week. St. Louis St Southwestern Railroad Company gross Income in the first five months this year amounted to $6,851,938 against $5,784,176 in the first five months of last year. Reading Railroad Company declares a dividend of 50 cents a share on the common stock. Warren Foundry and Pipe Company declares a dividend of 50 cents a common share. On Commission Row —June 29 —Fruits— Apples—Fancy Delicious. *2.65; Transparents, $2 @3.25. 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. crats, $2.50@3. Raspberries—Southern Indiana black. 24pt. crate, $1.75@2; red. $304. Cantaloupes—California jumbos. 455. $4: standards. $3.75; Honeydews. $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. [email protected]; medium, doz.. 85c. Onions—Texas vellow. 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. sl-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. luz. $1.50.

Fletcher Ave. Savings & Loan Assn. _ _ ta . . m , Ha* Paid DlvMead* ss/srss 10 East Market St. fri";.'*'

ON SAVINGS liK If you have no “rich uncle” to pay L for a trip, make up your mind to £ take it anyway. Begin saving now to make it really possible. J| SECURITY® TRUST COMPANY HfHliK IN MAMA POUS CIfARIMG HOC! SI ASV*

.JUNE 30, 193’4

GRAIN MARKET SLUMPS UNDER LATE ASSURE Profit-Taking and Hedging Sales Reduce Prices Near Close. BY HARMAN W. NICHOLS United Press Financial Writer CHICAGO, June 30.—Hedging pressure and profit-taking swept through the wheat pit on the Chicago Board of Trade yesterday and most of Thursday s advance wa3 reduced. Wheat finished weak, off 1% to 1% cents, corn was off 2% to 2% cents and oats was : ;s to a cent lower. Wheat opened firm, but when tha hedging pressure became heavy prices slipped below the previous finish. Tire forecast for lower temperatures and showers brought sellers into corn early and this led a downturn in other grains. Scattered Rains Reported Aggressive buying of wheat, corn and oats by commission houses, so prominent yesterday, was lacking today. Although scattered showers were reported over parts of Illinois, intense heat generally prevailed over the belt. Crop comments from the American and Canadian northwest were decidedly spotted. Liverpool closed to % cent lower in dull trading. A tentative estimate on the United States wheat supply, made by th bureau of agricultural economics, showed a prospective total of 765,000,000 bushels for the 1934-35 season. The estimate, based on the crop outlook as of June 1, was viewed with some interest by the trade. Oats in Fair Demand ' Supplies for the 1933-34 season were 918,000.000 bushels, while two years ago they were 1,129,000,000 and three years ago 1,257,000,00. Scattered selling cropped out In the Winnipeg wheat market and the export demand was slow. Although a fair class of buying was in evidence in oats, this grain and rye and barley eased with other grains during most of the day. Provisions were somewhat firmer early, but lost much of their gains. FIRM REPORTS PROFIT Beatrice Creamery Net Earnings in Quarter Total $148,077. By 'l ime* Special CHICAGO. June 30.—Beatrice Creamery Company reports net profits in the three months ended May 31 were $14,077, equivalent to approximately $1.40 a share on the preferred stock with a deficit of 10 cents a share on the common. The company did not issue quarterly reports last year, but C. H. Haskell, president, said the returns were slightly better than lor the same period in 1933. Sales in the quarter were $12,389,486, an increase of 20.91 per cent In dollar value over the same period last year. U. S.TtEEL PLANNING NEW WIRE, ROD MILL' Four Sites in Chicago Area Being Considered for Project. By Times Special JOLIET, HI., June 30.—United States Steel Corporation at their offices here this week announced plans for the construction of anew wire and rod mill to be erected soon somewhere in the Chicago area. The plans are a part of a quietly formulated program of expansion, which included decentralization. with smaller plants in scattered towns, instead of large mills grouped in one city. Sites in Joliet, Waukegan. South Chicago and Gary are being considered for the erection.

Evening School Strong courses offered In Secretarial, Stenography, Accounting, Bookkeeping and kindred subjects. Spend part of your evenings in selfimprovement. Cost low. Central Business Col!{; Architects A Builder* Building, I ndiaiiapoli*

©Evening Law School orENS SEPT. 17TH for 37th Year Three -year standard legal course leads Ut LL.B. degree. Catalogue Upon Request. BENJAMIN HARRISON’ LAW SCHOOL 11d‘J Consolidated Bldg. Rtl*y 5Mf

Safe Deposit Boxes The Indiana National Bank of Indianapolis