Indianapolis Times, Volume 46, Number 48, Indianapolis, Marion County, 6 July 1934 — Page 22

PAGE 22

Wall Street Further Sharp Reductions in Steel Operations Not Surprising. M* & Alyl'll UKNULKsHUI Imn Special financial Writer HTHE reduction in steel operations to 23 per cent of capacity from 44.7 per cent last week and 56 per cent two weeks ago came as no great surprise, although some authorities had expected the slump to be somewhat more gradual. In view or the code ruling that orders taken for any quarter must be filled during that quarter

Hendershot

the industry and the effort to escape the higher prices whirn went into effect at the time, the recent announcement of a proposed cut in prices bv National Steel probably had something to do with the further sudden drop in operations. Consumers no doubt i>l that further reductions may be forthcoming and are withholding orders for the time being to see just what Is going to happen in that respect. National Steel held a decided ad- j vantage over many other manuf*'**':rers for a time before the rode j came into being because of its relatively light overhead. For several months during the depression it was operating at close to capacity. The company may feel now that it can afford to shave prices to better advantage than most of the others and win bark more than its share of the available business during the slow summer months. B B B /T'HE cut in compound interest rates by the Corn Exchange i Bank Trust Company, just announced. may prove the forerunner of reductions in other quarters. Several of the up-state commercial I banks are reputed to be considering cutting the rate on thrift accounts. They now pav 3 per cent and are said to be keeping the rate that high only because of the competition from the savings hanks. That the banks are finding it difficult to make both ends meet because of the low yields on bonds which they may buy is generally known. Many of them hold large blocks of United States government ' liens, upon which the yields arc virtually nil. It probably would be a good thing ' If all banks reduced their interest ; payments. Their first concern must be for the safety of the mnds in-: trusted to them, and it would be far j better for them to eut rates rather than turn to speculative investments if they must choose between two altcrnativevs. mam ONE of the troubles with the entire banking system during the j last boom period was the compcti- j tion which arose bet wen the various! banks to secure deposits. . Higher j rates of interest than were warranted were paid in order to secure these deposits, which were worth money, it got to be so for a time that the price of banks changing hands was determined on a basis of the amount and number of their deposits. And banks were changing hands rapidly and at fancy prices in those days. Unsafe and unfitted investments were the result. A general reduction in bank interest rates at this time no doubt would result in more money being extended to industry. People with funds undoubtedly would place a larger portion of them in bonds and other investments. Business in all probability would benefit. Money would begin to flow in the right direction. and the government would be relieved of the necessity of getting further into the banking business. On Commission Row —July 6 - Apples—F*ncy Delicious. *2.50; Transparent?. s2® 3. Blackberries— 24-qt. rrate. $1 Cherries —Home grown. 16-qt. crates Sl*o Ora nets —Caltlornia. Sunkist. $5.50: Valrntias 5 50. Lemons—Sunkist. *7. Grapefruit—Florid* sertllr;?. *3 50*11.50 Rrspberries- Southern Indiana oiack. 54-P’ crate $17553. red. *3 Cantaloupes—California jumbos. 4.55. 1 $40*50 standards. $3 50*1 4 35. Honevdew*. $2 75 Psrs—Calavns *3 50 per box. Wvermrlnns—Florida Watsons. 30-lb. average*. 75c Bananas—Per pound, sc. —Vegetables—(tweet Corn—Alabama. 5-dozen crate. Cabbage Home groan, bushel 50>560c Celerv—Michigan, flat boxes. $1.50. medium. dor.. 60c Onions —Texas vellow. 50-lt> bag. $2 potatoes—Northern round white 100- b bat $1 50 North Green Mountain $1.75; , Colorado McClure*. $1 50 Idaho Russets. 100-lb. bag. $2 25: new Texas Triumphs. * J Sweet Potatoes—Tennessee Nancy Hanks, hamper. $2 40 B*ans—Round strmglesa. $1.75. Beets —New 30c a dozen Carrots —California 6-dozen cra’e. $2 75. horn* grown, dor. 2V Caullower —Homegrown bushel. ! 50 Lettuce—Outdoor 15-lb. basket. $4. ice- I berg best. $4 a crate Peas—lndtana. $! 50 Radishes —Home grown buttons, large bunco 35c. Rhubarb—Home grown, dozen 25*i 'OC. , Spinurh Homr grown bushe, 7-r Tomatoes Hothouse. 10-lb basket, tl: original Tenn.. 39-lb. lug. $2 25 CHICAGO FRI IT MtRKII ißv United Pressi CHICAGO Julv • -Fruit* and vegetables: Apples Michigan spies. 51 .5. Illinois transparent*. $2 12.50. carrots. California. s2*: 225 crates cucumbers ho’house. $1 12 minors bushel $1.25® t. 50 tamatoea. Tex*' $2 :2 15 lug box sweet ; potatoes. Tennessee. $2 bushel hampers, mushrooms. Illinois. 15,: 40c db cartons asparHgus luinois 60® *sc crates.: si rawborrte*. Wisconsin. $15f1.i2 50 <l6 ntsc peaches, Georgia. *1 10 :l 50 ! _- bushe'. i red rzapberres M.chican $1 15 :2 25 24 P'nts<: lettuce California. 3 35®3 50 erst*? bean* eastern green *75-tl4o bu hampers On ton market V lb. sacks' Texas whites $! 75 California Yellows. $1.05**12.5 California whites. $1.75. RAIL INCOME INCREASES Indiana Harbor Operating Revenues Total 57*65,719 in Year. Bp Times Special CHICAGO. July 6 —lndiana Harbor Belt railroad for the year ending Dec. 31 showed net operating income of $1 845.005 again** a total of *1.527 314 m the previous vear. the annual report of the stockholders revealed. Total operating revenues for the above period of this year were $7,765.719 as compared to 67,298,620 1C; the year before.

PROFIT-TAKING TURNS SECURITY LIST IRREGULAR Utilities Slightly Higher; Other Groups Mixed in Small Range. BY ELMER C. WALZF.R United Pre<* Financial Editor NEW YORK, July 6—A meager amount of profit-taking today retarded the advance in stocks in progress yesterday. Prices at the opening were mixed in a narrow range. while bonds firmed and comj modities declined. Among the initial losses were fractional dips in United States Steel, Westinghouae Electric, International Harvester, Anaconda. General Electric and Johns Manviiie. Unchanged prices were nobed in Atchison, Socony-Vacuum, Union Carbide, General Motors, Chesapeake Ohio, Standard Brands. Consolidated Oil, United Gas Improvement and Libby-Owens-Ford. Utilities in most instances were slightly higher, with Public Service of New Jersey up % at 35’- and Consolidated Gas up % at 34. Rails were steady to firm. Coppers, oils, and farm equipments were mixed in I a narrow range. United States Smelting firmed after opening at 129%, up and othrr silver shares roistered small gains. Sugar shares were irregular, with Western up slightly, American Beet preferred down % at 68, and American unchanged. Atchison firmed in the early trading to head the railroad division. Silvers continued to rise despite a dip in silver metal. Steel common held at its opening of 39%. Woolworth was steady at 50%, up %. Trading continued dull and uninteresting. Money and Exchange INDIANAPOLIS BANK CLEARINGS •—Julv 6. Clearings $2.425.<wm Os) Debits fi. 168.000.00 FOREIGN EXCHANGE ißy Abbott. Hopnin & Co.I —July 5 Clocp. Starling. England $5 05’ 4 Franc France 0659% Lira Italv OR.Sgtj Blcis. Belgium 2337 Mark Germane 3R.3.5 Guilder. Holland 6784 Peseta Spain 1368 Krone. Norway 2519 Krone. Denmark i2257 Treasury Statement 'Bv United Press) • WASHINGTON Julv 6 —Government expense and receipts of p e current fiscal tear to July 3 compared with the corresponding period of the previous fiscal vear: This vear. Last vear. Exp*n •* *21.5.91,913.24 $99,800.16.5 64 Receipts 1.5 812.765 51 15.567.913 48 1 Deficit . ... 5 779,147 73 81.232.252.16 Cash bal 2 687 084.807 78 Investment Trust Shares (By Abbott. Hopnin & Cos.) —July a— - Bid. Ask American Bank Stocks Corp. Ins 1.13 American fc General Sec A... 400 5.50 I American At Inv Tr Sh 1.75 ... j Basic Industry Shares 3.10 British Tvpe inv Tr Sh 40 .46 ! Collateral Trustee Shares A 4.45 4.55 Corporate Trust Shares <oldi 192 196 Corporate Trust Shares <new 2.21 2.25 Ctimulame Trust Shares .... 3.77 Diversified Trust Shares A .. 625 Diversified Trust Shares B '.. 7.37 7.62 Diversified Trust Shares C... 2.92 297 Diversified Trust Shares D .. 4.45 4.55 First Insurance Stock Corp.. .75 .85 First Common Stock Corp .. .6.8 .65 Fixed Trust Oil Shares A .... 7.90 Fixed Trust Oil Shares 8.... 690 Fundamental Shares Ine .... 190 2.10 Incorporators Investments .. 16 90 17.15 Land Bank Bond Shares .... 1.16 1,29 Low Fncpd Trust Shares 5 60 5.70 Mass Inv Trust . Shares 18 55 20 16 Nat-on Wide Securities ... 3.19 3.25 North Am Trust Shares <s3> . 180 North Am Tr Shares 55-56 t . 2.23 2.27 North Am Trust Shares i53). 221 225 Selected American Shares 1 16 1.26 Selected American Shares Inc 2.54 Selected Cumulative shares . 6.49 Selected Income Shares ... 3.36 388 Sri American Tr Shares A... 2.80 2 84: Trust Shares of America ... 265 270 Trustee Sid Oil A 5.35 5 4.9 1 Trustee Ftd Oil B 4 93 5.05 1 U S Electric Lt A Pwr A 12.25 12.5(1 Universal Trust Shares 2.85 2.90 Daily Price Index <Bv United Press) NEW YORK. Julv s.—Dun A- Bradstreet s daily weighted price index of thirty basic commodities compiled for the United Press: (1930-32 Average. 100) Todav 112.24 Tuesday 111.81 Week Ago 113 04 Month Ago 112.94 Year Ago i.Tillv 6t 103.90 1934 High -June 19) 113 68 1934 Low <Jan 3) 101.05 • Copyright. 1934. bv Dun A- Bradstreet. Inc.) New York Bank Stocks (Bv Abbott. Hopnin A- Cos.) —Julv 5 Bid. Ask. Bankers . 63 63% Brooklyn Trust 98 102 Central Hano' er 12.5% 126' 2 Chase National 22 22% Chemical 39 % 40 National Citv 28 28'* Corn Exchange 51 51% Continental 13 13% Empire 18% 19’, First National 16 25 16 40 ! Guaranty 354% 356%. Irvine 16% 16% Manhattan A- Cos 29% 30%. Manufacturers 20% 20% New York Trust ins% ins% ENGINEERING CONTRACTS RISE 41.5 PER CENT Awards Total 5630.97 4.000 During First Half of Year. By T Mwr* Sprrinl NEW YORK. July 6 Engineering construction closed the first half of 1934 with a 41.5 per cent gain over 1933 in dollar value of awards. The respective totals as reported by Engineering News-Rec-ord are $630,974,000 and $445,608,000. June. 1934 Ls 32 per cent ahead in 1 dollar value of June 1933. and 9 per cent ahead on the volume index after adjustment is made for the 21 j per cent higher ccst index. Comparison bv weekly averages shows that private work in June was 42 per cent below last year and for the average week to date 10 per j cent below the first six months last year. Public work Ls running well ahead as shown in detail by the accompanying table. ELECTRIC PRODUCTION CLIMBS 2 PER CENT Kilowatt Hours for Last Week Total 1,688.211.000. B* T ime* Spn ml I CHICAGO. July 6An increase of I 2 per cent in electric power output I for last week brought the total kilowatt hours up to 1.688.211.000 as | compared to 1.674.566.000 for the previous week the Edison Electric Institute reported. Reported gams last week over the like period a year ago were: Middle Atlantic, 2.7 per cent; central industrial, 2.6 per cent, west central. 5.3 per cent; southern states. 1.9; Rocky Mountain, 1.5 per cent; Pacific coast, 11.1 per cent.

the trade probably must expect wider variation s in opera tions than those to which it had been accustomed. In addition the heavy advance orders placed early last mnn'h in anticipation of a strike in

New York Stocks

———————— (Bv Ao6otlt H o ppin * Co.* ————— AVERAGE STOCK PRICES FOR THURSDAY Net High. Low. Close, change. Thirty industrials 96.92 95.19 96.44 -v1.67 Twenty rails 43.45 42.93 43.30 -r.47 Twenty utilities 23.78 23.32 23.56 + .21 Forty bonds .... 94.58 —.05 Ten first rails .... .... 101.50 -.15 Ten second rails .... 81.16 —.16 Ten utilities .... 98.54 +.lO Ten industrials .... 97.14 +.lO -Off. -Up.

—July 6 Prev High. Low. 10:30 close Oil*— Amerada . . 51 Atl Rig 25 J 25% 25% 25% RarnstfaJ 7% 7' Consol Oil 10% 10% Cont of Del 19% 19% Houston <oldt 20% . Mid Cont Pet 12% Ohio Oi 11'* 11 Phillips Pet 17% 17% Pure Oi! ... 10% 10% Sbri Oil 31% Shell Ur. 8% 8% Skeilev Oil 9% 9% 9% . Sot* Vac ... 16 16 S O of Cal 34% S O of N J 43% 43% Sun Oil 61% Texas Corp ... ... 23% Tidewater Assn ... ... . 12% Un Oil of Cal 16% 16% Steel*— Am Roll Mills 18% Beth Steel 34 Byers AM 21 % Col Fuel A: Iron .. ... 5% Natl Steel 41 Otis Steel . 4% Rep Iron A- Steel 16% 16% 16% 16% Rep Iron&Stlpfd .. ... ... 25 U S Pipe & Fdy 23'v U S Steel 39% 39% U S Steel pfd 84 83% Warren Bros . • . *% Young n S & T 20% 20 * Auburn • 24 23 Chrysler .. 39% 39% 39% .32% Gen MBotors 31% 31% 31% 31-a Gen Motors pfd 102 4 Graham Mot 2 Hudson * * Hupp 3/ Nash 12% Packard 3% 3 j Reo , 3% Studebaker ••• 4 1 /* 4 Yellow Truck 4% Motor Acres*— Bcndix I’., 14% Bohn Alum ... 56% 56% 56% 55 - Borg Warner ... 22 22 Briggs 17% Budd Wheel 2% ... Eaton Mfg ... 16-; Elec Auto Lite.. .. 21 _ Hondaille A 3% Mullins Mfg pfd .. ... ••• 33 Murray Body , 6% Stew Warner ... 6% 7 Timken Roll 27% Timken Det Ax. ••• ••• 6% Mining.

Alaska Jun • • ■ •• • 21 % Am Metals 23% 23 23 23% Am Smelt 43 42% 43 42% Anaconda 14% 14% 14% 14% Cal A: Hecla ... . 4% ... Ccrro dc Pasco 42% 42% 42% 42 a Dome Mines . 44% 44% 44% 44% Homestake Min . .. ... • 421 Howe Sound ••• 55% 05% Ins Conner 4_* Int Nickel . 26 25% Kcnnecott Cop.. 21% 21% 21% 21% Mclntyre Mine ... ... ••• 48% Noranda Con , 44% Park Utah . ... 4% 4% Phelns Dodge ... 17% 17% 17% 17% St Joe Lead .. 21 % 20 a U S Smelters ..130% 129% 130 138% Vanadium ••• ••• 20% Amusements— Croslcv Radio .... ... ••• 15% Fox Thea ■ 13 Loews Inc 28 27% 28 28 Radio Corn 7 6a RKO - |% 2% Warner Bros ... 5% 5 a o Tobacco*— Am Snuff 60% Am Sum Tob I]% Am Tobacco A” 74% 74% Am Tobacco 'B" 76% 76% LigArMvers ' R 96% . Reynolds Tob B” .. ... ••• 40% Rails— Atchison . 60% 60 60% 60 Atl Coast Lines • 38 n j. o . 25% 23 % Can Par 14% 14% 14% 14% Ch A- Ohio ... 46% 45% 46% 46_a Chi A- Gt W 20% C M A St. P 4% CM A StP pfd 7% Chi N W BVi 8% Shi N W pfd 16% Del Lac A W 22% Grt Northern pf 21% 21% 111 Central 24', 2 24% M K A T B’* M K A T pfd 22% Mo Par 3% Mo Pac pfd • • ■ 5 s N Y Cent ■ 28% 28% 28% 28’* N Y New Haven 14% N Y Ont A West 7% Norfolk A Wes 182 Nor Pac 23% Penn R R 30% 30 Sou Pac 24% 24 Sou R 24 Sou R R pfd 29% Union Pac ,?-■ West Maryland. ... ••• 11% Equipments— Allis Chalmers 15% Am Brake Shoe 26 Am Car A Fdy ~ ... 20 20,8 Am Car A Fd pf 40 Am Loco f4 Am Mach A Fdv }4 * Am Steel Fdy 16% 16% Bald Loco 10% 10_a Burroughs *3" Case J I „„ 50% Cater Tract 27 2t Deere A Cos ... ••• 21 Elec Stor Bat 42% Gen Elec 19% 1®, S Gen R R Sit 32% Int Harvester 32 2 32_ t Natl Cash Reg 16% Pullman Inc 49% 49 Rem Rand 1”’ Und Elliot 47% West Air B ... • • • 22 4 Westingh Elec . 36% 36 5 s 36% 36-4 Utilities— Am A For Pwr 8 Am Power A Lit A T A T ... 114% 113% 113% 114 Am Wat Wks .. 20'4 20 20% 20% Brook Un Gas 66 Col Gas A Elec 14 13% Col GA E pfd • . 76 Com A Sou .... 2 a 2 2% 2% Consol Gas . 34% 34% 34% 3.3'* Elec. Pwr A Lit, ■ , EP A L pfd 12’s 12 * Int Hvdro Elec 6 Int T A T 12'4 Lou GA E “A" • , J® Nat Pwr A Lit 10% 10 North Amer 1* * Pac G & E J* Peoples Gas 31% Postal Tel pfd 19% Pub Sen N J 35% 35 SO Cal Edison }6 ‘ Sid Gas }O% Std Gas pfd 11% 11* Stone A- Webster . 7% 7a United Corp 5% 5 5 5% Un Gas Imn•• Ut Pr A Lit A" 2% Western Union ... ••• ••• 44 Rubbers— Firestone 18 Goodrich 12% 12 < Goodvear 27*4 27% Kelly Spring 2 U S Rubber . 17% 17% U S Rubber pfd 4214 Miscellaneous — Am Bank Note 21% 21 Am Can 97 Brklvn Man Tr 38% Con'l Can 79 Crown Cork 25 Curtis Pub nfd 81 Eastman Kodak •• ?8% Gillette 10% 10% Glidden 24% Foods— Am Sugar 65 65 Armour "A" ... ... 5-4 6 Beatrice Cream . . 16 Borden Prod 26' 26% 26% 26- , Cal Packing 32% Can Drv G Ale .. Coca Cola 1 15, 1 Corn Prod 67 * 66% Crm of Wheat ... ... 33 33 Cuban Am Sug . • . _B% Gen Foods . 30*4 30’* 30- 30 % Gold Dust . 20 20 G W Sugar 34% 34% 34% 34% Hershev ... 63% . Int Salt 30 1 2 Loose Wiles 41 Natl Biscuit 35 34% Natl D Prod 18% 18 Puritv Bak 13% S Porto Rico Sug 35% Std Brands 20% 20% Un Biscuit 25 25 United Fruit Ward Bak A••• ••• Wrigley ••• 65 Retail Stores— Asso Drv Goods. .. ••• 11% Best A: Cos J? First Natl Stores W 64 '2 Gimbel Bros 3’ 2 3 4 Hahn Dept Sts Jewel Tea Kresge S S J® Kroger Groc 31 4 Macv R H 41% Marshall Fields 14% Mont Ward 28% 2,% Natl Tea 12 12 Pennv J C 59% Safeway St ... 50 Sars Roebuck . .. ••• • 42% Woolworth 50% 50 Aviation— Aviation Corp 6 6 Curtiss Wrtght 3% 3% Curtiss Wr A 9% Douglas Air 1* Nor Am Av . • 4% Sneerv Corp ... ••• B’a 8% United Aircraft. 17'* I<% Wright Aero ••• 50 Chemical*— Air Reduction 99'* Allied Chem .. ... 133'* 132% Am Com Alcohol 34 Col Carbon 74 Com Solvents 21'* Dupont 90% 90'2 Freeport Tex 32% 32% Liquid Carb 27% Math Alkali 32% Montosonta Ch. . 51'2 Natl Dis tnewi 23’* 23% Schenclev Dis 27% 27'* Tex Gulf Sulph 33% 33% Union Carbide 43% 43% Vint Ch 6% pfd 18 Drag*— Cot}’ Inc v* f 6

THE INDIANAPOLIS TIMES

Lehn A Fink 19% .. lUn Drug -1 15% 15% Zonite Prod ... .. 5 Financial— Adams Exp —. .. ... .. 8% Allegheny Corp 2'% 2'* Am Int Corp Chesa Corp ... .. ... . 44% Lehman Corp . .. ... 69% .. Transamerica 6% 6% Tr Conti Corp 4% Building— Gen Asphalt 18% Am Radiator .. .. ... ... 13% Gen Asphalt..* 18 1 a Int Cement .... ... . 26 V* Johns Manviiie ... ... 52% 53 Libbv Owens Gls 31 31 Otis Elev 15% Household— Col Pal Peet 15% Congoleum Kelvinafor 16 16 Mohawk Carpet 17’i Proc A Gamble .. ... ... 36% Textiles— Amer Woolen ... ... 10% Beld.ng Hem . IS'* Celanese Corp ... . 25% 25% Collins Aikman 16 15% 15% 16 Gotham Hose V/a ... New York Curb (By Abbott. Hoppin & Cos.) —July 5 Close Close. Allied Mills 8 IGulf Oil of Pa 62%! Alum Cos of Jim 65% Hud Bay Min.. 13% Am Cvanide B 18% Humble Oil 41% Am Gas A El. 27% Imperial Oil Ltd 15% Am Superpwer 2% Int Petrol . 27% Ass G A El. .. % Lake Shore Min 54 Atlas Corp 101a Libbv McN Lib 5 Axton Fish Tob 60 Lone Star Gas . 5% Can Ind Ale A. 8% Mr Producers .. 5% Can Marc 2%Natl Bellas Hess 3 Cities Serv .. . 2% Newmont Min . 52% Commonw’th Ed 56 1 4 Nia Hud Pwr.. 5% Consol Gos Bit 66% Novadel Agene.. 19% Cord Corp ... 3% Park Davis 24% Creole Petrol .. 12% Penn Road .... 2% Deers A Cos .. 21 St Reg Paper.. 3 Distillers Corp . 15% Sherwin Wins.. 70 Dow Chem .. 69% Std of Ind 27% El Bond A Sh.. 15% Std of K.v 16'* Fisk Rubber .. 9% Technicolor Ind 13% 1 Ford of Can A 20% Teck Hughes G 7 Ford of Europe 7%'Un Gas 2% Glen Alden Coal 22',4 Wright Har Min 9%

Chicago Stocks | —July 6 High. Low. 11:30. Bendix Aviation .- • 14% Borg Warner 22!4 22 22% Butler Bros ... 9!s BerghofT ... 6 Chicago Corp com 2'/s 2 2 Chicago Corp pfd ... 26 Cities Service ... Commonwealth Edison. .. ... 56% Cord Corp ... 3% Crane Cos ... 8% Gen Hsehold Util 11% 11% 11% Iron Fireman .. 15 Libbv McNeil 5% 5 5% Marshall Field ... 14% Middle West. Util ... % Public Service NP . 16% Swift, A Cos 17% 17% 17% Swift International ... 31 30% 31 Thompson J R 6'/ 6% 6%

Bond Prices ’ Bv Fennrr & Beanei 1 ■ 1 —July 6 High. Low. 10:30. Alleg Corp 5s 'SO . . . . 36 35% 36 Am & For Pwr 5s 2030 51% Atchison gen 4s '95 103% B&O cv 4'2S '6O 64% 64% 64% Brazil 6%s (26< '57 - . 25% Can Pac 4s ’57 83'2 83 83% CA-O 5s A 39 110% 110% 110% ChMStPA-P adj 5s A 2000 12% ChMStP&P rs 5s A ’75 37% Det Ed 5s E '52 ... 107% French 7s '49 185 Goodyear 5s '57 102 101 % 101 '4 Gt Nor 4%s D '76 76% 76% 76% Gt Nor 7s A ’36 95% 95 95 Interboro RT 5s ’66 ... 71% Int T & T db 5s ’55 .. . . 6.3 McKessA’Robb 5%s ’SO. 82%’ 82% 82% Nat Dairy db 5Us 48.. 98% 98% 98% PacGas&El 5s A ’42 106% Para Pub 5%s ’SO ... 49 Penn RR 4%s D ’81... 97% 97% 97% Poland 7s '47 114'* Shell Un Oil 5s ’47 99'% Sin Cons 6%s B ’3B 104% Texas Corp 5s ’44 10.3% 103% 103% Tob Pr NJ 6%s 2022... 105% 105-'* 105% Un Pac Ist 4s ’47 106% U S Rubber 5s A ’47 85 Vanadium 5s ’4l 82 Western Un 5s 'sl 86% U. S. GOVERNMENT BONDS (By United Press) NEW YORK. Julv s.—closing Liberties. (Decimals Represent 32nds.). —Liberty—--3'-s (32-47) 104.6 4% s 1.32-47) 103.16 4%s (33-38) 103.23 —Treasury—--4%5-3%s *45) 103.24 4%s 147-521 113.15 3%s <43-47) 104.23 3%S (41-4.31 105.3 3%s (40-43) June 105 6 3%s (43' 105.3 .3' *s <46-49) 102.24 3s (51-55) 101.15 FEDERAL TARM LOAN BONDS (By Blyth A Cos.. Inc.) —July 5 Bid. Ask. 4s Nov. 1, 1057-37 99% 100% 4s Mav 1, 1958-38 OO', 100% 4%S July 1. 1956-36 99% 100% 4%s Jan. 1. 1957-37 100 100% 4',s Mav 1, 1957-37 100 100% 4’,s NOV. 1. 1958-38 101 101 4%s Mav 1, 1942-32. 100 100% 4%S Jari. 1. 1943-33 100 100% 4%s Jan. 1. 1953-33 99% 100% 4%s Julv 1. 1953-33 99% 100% 4%s Jan. 1, 1955-35 99% 100% 4%s Jan. 1. 1956-36 101 5s Mav 1. 1941-31 100% 101% 5s Nov. 1. 1941-31 100 % 101% —Home Loan—--4s July 1 1951 100.14 100.19 —Federal Farm Mortgage Corporation—3'.is March 15. 1964-44 ... 101.09 101.14 The two latter quotations are in thirtyseconds.

Bright Spots "■ 1 ißv Abbott. Hoppin & Cos.) ' Bank of England statement July 5. Shows circulation 385.793.000 pounds against 381.689 on June 28. an increase of 41.7 per cent, C A O Railway car loadings in June totaled 1.38.661 ears as compared to ink,'!!? i May atl 131.353 i June of 1933. Bank of France June 29. statement shows cold 79,547.000.000 francs against 79.200.000.000 on June 22. Circulation totaled 82.057.000.000 as compared to 79.969.000.000 an increase of 79.12 per cent. May Automobile sales are reported to show a gain of 36 per cent. Directors of Beneficial Industrial Loan corporation declared the regular auarterlv dividend of 87% cents a share on the preferred stock. Series A. and 37% cents a share on the common stock, both payable Julv 3. of record Julv 16 Marriage Licenses William Blunt, 22. of 4904 East Elliot avenue, laborer, and Lola Harlan. 21. of 1.36 South Catherwood avenue, housekeeper. Kenneth Powell. 23. of 252 North Oxford street, grocery manager, and Pauline Stone. 18. of 1543 Draper street, housekeeper. William Strodtman. 21. of 1625 Souih State street, machinist, and Dorothy Rollings. 18. of 1165 Villa avenue, housekeeper. Alfred Belles. 2.5. of 609 Buchanan street, minister, and Julia Schneider. 24. of 1124 Pleasant street, social service worker William Jordan. 23. of 415 South Ritter street, truck driver, and Marv Dove. 23. of 136 Good avenue, housekeeper. Rov Pavton. 28. of 525 Birch avenue, power company, and Jennie Moore. 19. of 641 Birch avenue, housekeeper. Ralph Johnson. 37. 855 North Keystone avenue lawyer and Anna Wolfe. 35. of 1941 Ruckle s-reet. nurse. Clarence Flovd. 26. of 6045 Forrest Lane, loan company manager, and Lucille Bender. 24. of 4007 East Thirtv-eighth street, music teacher. William Guv. 38. of 3321 West Walnut street, landscape gardner. and Edith Dunbar. 23. of 960 English avenue, housekeeper. George Mock. 21. of 1240 South Sheffield avenue, machine operator, and Frances Augrick. 18. of 819 South Tremont street, housekeeper. Elmer Gebhardf. 29. of 202 North Grav s'reet. clerk, and Louise Gaskins. 29. of 309 North Rilev avenue, clerk. Reinhard Kra ’se. 29. of 926 West Cherrv street Ymnisier. and Eleanor Rathert. 21. of 653 Middle Drive. Woodruff Place, student Edward Haves. 22. of 304 Trowbridge S’reet laborer, and Margaret Summers. 20 of 404 Trowbridge street, housekeeper. Hilliard Bvra. 26. Lawrence, farmer and Susie Lawson. 27. Lawrence, housekeeper. Brokers Loans Increase WASHINGTON. July 6.—Brokerage loans of reporting member banks in New York city in the week ended July 3 rose $52,000,000 to a total of $1,069,000,000, the federal reserve board announced yesterday.

SWINE MARKET DROPS 10 TOl5 CENTSAJPENS Vealers Remain Steady: Cattle and Lambs Unchanged. Weak undertone prevailed in hog trading at the Union Stockyards this morning, and the majority of prices moved around 10 to 15 cents lower than yesterday's average. Underweights displayed the minor decrease. * Receipts estimated at 7.500. were slightly higher than previous figures. The bulk, 160 to 190 pounds, was selling at $4.55 to 54.70, while heavier kinds, scaling 190 to 350 pounds, cashed in at $4.75 to $4.85. Initial top held at $4.90. Usual run of lightweights ranging from 130 to 160 pounds, were salable at $3.25 to $4, while extremely small grades, scaling 100 to 130 pounds, brought $2.75 to $3.25. Packing sows sold at $3.50 to $4.25. Holdovers numbered 528. Early trading in slaughter steers was scarce and unchanged, with few odd-heads salable from $4.50 to $7.25. Heifers showed only slight change. Early supply consisted mostly of cows, with the outlet limited at weak to slightly lower levels. Receipts were 500. Vealers continued steady in a narrow range, selling mostly at $5 down. Receipts were 700. Sales remained unchanged in the lamb market, with initial bulk of ewe and weather grades selling at SB. Bucks ranged at $7 down, while throwouts sold at $5 to $6.50. Slaughter sheep brought $1.50 to $2.50. Breeding ewes were salable up to $3 and above. Receipts were 1,100. Chicago porker prices reached the $5 mark with practically all classes slightly higher than yesterday’s average. Receipts were estimated at 16,000, including 5.000 directs; holdovers, 5,000. Cattle receipts, calves, 2,500; market steady. Sheep receipts were 6,000; market unchanged. June Bulk. Top. Receipts. 29. $4.60<5 4.85 $4.90 5,000 30. 4.70® 4.80 5.00 1,500 July 2. 4.6047) 4.75 4.90 8.500 3. 4.6547i 4.75 5.00 6.000 5. 4.7048 4.85 5.00 6.500 6. 4.55®, 4.70 4.90 7,500 Markel Lower (140-160) Good and choice ....$ 3.75® 4.00 —Light Weights—-llSo-130i Good and choice ... 4.554? 4.60 (180-200) Good and choice... 4.70®; 4.75 —Medium Weights—-<2oo-2201 Good and choice 4.50 (220-250) Good and choice ... 4.8048 4.90 —Heavy Weights—--1250-2901 Good and choice... 4.8547: 4.90 (290-350) Good and cohice ... 4.754i. 4.85 • —Packing Sows — (25 down) Good 3.8547) 4.25 <250 lbs. 1 Good 3.50® 4.10 (Ail weights) Medium 3.254?! 3.85 —Slaughter Pigs—-(loo-130) Good and choice.... 2.75® 3.25 CATTLE Receipts, 500; Market, Steady. Good and choice $ 6.7547 1 0.25 Common and medium 4.00@ 7.00 (1.100-1,5001-Good and choice 7.50® 9.75 Common and medium 5.75® 7.75 (675-750) Good and choice 5.50® 7.25 Common and medium 3.00® 5.50 (750-9001 Good and choice 5.25® 7.25 Common and medium 3.00® 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 Receipts. 700; Market, Steady. VEALERS Good and choice $ 4.50® 5.00 Medium 3.00® 4.50 Cull and common 2.00® 3.00 —Calves— Good and choice 4.50® 5.50 Common and medium 2.50® 4.50 —Feeder and Stocker Cattle— Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 (800-1.500) Good and choice 4.25® 5.75 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts, 1,100; market. Steady. (Shorn Basis) Spring lambs, good A choice. $7.75® 8.25 (90-110 lbs.) Good and choice 7.50® 8.00 (90 lbs. down) Com. and med. 5.50® 7.50 Ewes— Good and choice 2.00® 3.00 Common and medium 1.50® 2.00 Other Livestock ■:By United Press) CHICAGO. July 6.—Hogs—Receipts, 16,000. including 5,000 directs; market slow, mostly steady with Thursday; 220320 lbs.. $4.85®4.95; top. $5: 170-220 lbs.. $4.15® 4.90; 140-170 lbs.. $3.50®4.15; pigs. $2,504: 3.25; packing sows, $3,754: 4.15: light lights, 140-160 lbs., good and choice, $3.40® 4.15; light weights, 160-200 lbs., good and choice. $44: 4.75; medium weights, 200-250 lbs., good and choice, $4,604:5: heavy weights, 250-350 lbs., good and choice. $4,804:5; packing sows. 275-550 lbs., medium and choice. $3,504:4.25; slaughter pigs, 100-130 lbs., good and choice, $2,504: 3.40. Cattle—Receipts 5.000; calves. 2.500; market, most killing classes fully steady; not enough steers offered to make a market; vealers another 25c higher; 3 loads good 1.199 lb. steers. $8.65: selected vealers, $6. odd head $6,254: 6.50; week's supply stockers and feeders well cleaned up: slaughter cattle and vealers: steers. 550900 lbs., good and choice. $5,754:8.25: 9001,100 lbs., good and choice. $64: 9.50; 1.1001.300 lbs., good and choice. $6.50® 10.40; 1,300-1,500 lbs., good and choice, $7,504; 10.40: 550-1300 lbs. common and medium. $2,754:7.50; heifers. 550-750 lbs., good and choice. $54:7; common and medium. $3.25 4:5.25; cows good. $3.75® 5: common and medium. $2,504:3.75; low cutter and cutter. sl-254:2.50: bulls, yearlings excluded, good beef. $3.25® 4: cutter, common and medium. $2,254: 3.65; vealers, good and choice. $4,504: 6.25; medium. $3.50® $4.50: cull and common. $2.50®3.50: stocker and feeder cattle: steers. 550-1,050 lbs., good and choice. $44; 5.50; common and medium. $2,504: 4 Sheep—Receipts. 6.000: market, native lambs fully steady: westerns held higher: yearlings scarce: sheep unchanged; bulk native lambs, lightlv sorted. $8: few. $8.25: others held higher; asking. $8.50 upward, on strictly choice westerns, including first Washington rangers of season. Ewes. $1 ®2.25. Slaughter sheep and lambs—Lambs. 90 lbs., down, good and choice. 87.50®8.50: common and medium. s6® 7.60: ewes. 90-150 lbs. good and choice. $1.50® 2.25: all weights, common and medium. Sl® 1.75. LAFAYETTE. Julv 6.—Marxet 10 to 15c lower; 250-300 lbs.. $4.75; 300-325 lbs., $4.65: 225-250 lbs.. $4.70: 200-225 lbs.. $4.65: 190-200 lbs.. $4.60; 180-190 lbs.. $4.55: 170-180 lbs.. $4.45: 160-170 lbs.. $4.35; 150160 lbs.. $3.75; 140-150 lbs.. $3 50 130140 lbs., $3.25; 100-130 lbs.. $2.50® 3.. Roughs. $4 down. Top calves. $4: yearling lambs, $7; spring lambs. $747,7.50. FT. WAYNE. Julv 6.—Hoes steady to 20c lower; 250-300 lbs.. $4.80; 200-225 lbs.. $4.65: 180-200 lbs.. 54.55: :180-180 lbs,. 54.45; 180-350 lbs.. $4 65: 150-160 lbs . S3 85: 140-150 lbs.. 53.40:: 130-140 lbs., $3.15: 120130 lbs , 52.80; 100-120 lbs., $2.60: roughs. S3; stags. $1.75. Calves. $5; lambs. $7.50. By Times Special LOUISVILLE. July 6.—Cattle—Receipts, 100: Supply very light: quality plain; market slow to generally steady; bulk, common to medium steers and heifers, quotable, $3,754/ 4.75: little included of value to sell above $5; but strictly good lightweights, eligible to $6.50: thin fleshed grassv cutter steers and heifers, salable $2,504:3.50; bulk beef cows. 52.50®3: good kinds and smooth heifer types, eligible to 53.50 and above; low cutters and cutter. $14:2.25: satisaee bulls, salable mostly $2.75 down: most light Hereford stockers. salable $44:4.50: inferior to common natives and southerns, mostly $2,254:3.50. Calves—Receipts. 500: including 70 stock calves: market, steady; bulk better vealers, 54®4.50: few strictly choice handyweights to local interests. $5: most medium and lower grades. $3.50 down. Hogs—Receipts, 800; including 143 billed direct: steady. 185-275 lbs . $4.85 275 lbs. up. $4.15; ISO--185 lbs . $3.85: 145-160 lbs.. $3.50: 120-145 lbs . $2.10: sows. $260: grassy and unfinished hogs discounted. Sheep—Receipts, 3 000; including 250 stock ewes; run includes several decks rail lambs and sizable quota: strictly choice overnight offerings, market generally steady: most better truck lambs. $8; few $8.25; rail lambs overnight, and strictlv choice offerings. $8.50479: light medium lambs. s6® 6.50: throwouts mostly $5.50 down: fat ewes. $14:2: most stock ewes salable $5,504:7 50 a head. U. S. Business Failures Increase CHICAGO. July 6 Business failures in the United States in June, according to reports from Dunn & Bradstret, totaled 1.083 a.s compared with 977 in May and 1.648 for the corresponding month of last year.

Indiana Farm Loans in Year Total $3,620,100

Four States Borrow Huge Sum to Refinance Indebtedness. By Timra Sprrinl LOUISVILLE. July 6.—Very little increase in the indebtedness of farmers is resulting from the current refinancing program of the farm credit administration, declared Ernest Rice, general agent, here recently. “Although the farmers in the Louisvillie Federal Land Bank district, which comprises Ohio, Indiana, Kentucky and Tennessee, borrowed the large sum of $92,753,400 in land bank and commissioner's loans during the year which ended June 1, we find upon analysis of the figures that 90.3 per cent of this sum, or $83,865,989, was used to refinance indebtedness which already existed. “In Indiana.” stated Mr. Rice, “the Federal Land Bank and commissioner's loans during the year totaled $31,620,100. Os this, but $3,321,272 was used for purposes other than refinancing. This sum was spent for land, equipment, buildings, general improvements and ordinary farm uses, and for the redemption or re-pur-chase of land that had been lost, also for paying fees and for the purchase of National Farm Loan Association stock. The remainder, or $28,298,828 —went into the refinancing of old debts. Os this great sum, the banks received $17,608,625, the insurance companies $4,412,310, tax authorities got $397,716 and merchants $357,104. Debts to other people whom Indiana farmers owed ran up to $5,523,073. Therefore, not only did these large sums advanced on the security of farm land relieve the farmers of pressing indebtedness demanding immediate settlement, but this release of credit and inflow of cash has proved of immense benefit to business and commerce in the general recovery program. AAA PAYMENTS MADE Indiana, Corn-Hog Producers to Receive 844,050.60. By Unitril Prrxa WASHINGTON, July 6.—'The AAA today reported corn-hog contract payments of $7,055,048.30 through June 30. lowa producers got $4,807,709.55, Minnesota $988,314.20, Missouri $899,327.25, Washington $85,079.50. Indiana $44,050.60, South Dakota $57,612.55, Nevada $14,636, Alabama $13,350.05, Ohio $28,627.05, Wisconsin $11,560:80, West Virginia $8,557.20, Maryland $2,636, Virginia $2,230.35, Michigan S6BO, Arkansas $677.20. Produce Markets Delivered In Indianapolis prices: Heavy hens. 10c Leghorn hens, 7c 1934 broilers, 2 lbs. and over, 16c; Leghorn broilers 1% to 2 lbs. and over, 14c bareback broilers 11c; 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. Julv 6.—Eggs Market, steady; receipts, 10,527 cases; extra firsts, 14 %c: fresh graded firsts, 14c; current receipts, 12®)12' 4 c; dirties; Nod 1, 11 %c; No. 2, 10%c: checks No. 1,11 c; No. 2. 10'2C. Butter—Market, steady: receipts, 21J26 tubs; extra firsts (90-91 1 2 score, 22%4:23c: extras <92 scores) 23%c; firsts 138-89% scorei, 21%21%c; seconds (864; 87%c; 20® 20%c; specials. 24®24%c; standards 23%c. Poultry—Market, steady, receipts, 52 trucks. 1 car; hens, 12%4?13c; White Rock fryers, 22%c: colored 18%c: Plymouth, 23c; "colored broilers. 18c 1 spring geese, lie; turkeys, 14c; old roosters, 9c; Leghorn broilers, 13® 14c; old ducks, small, 8c; heavy spring, 14c; colored springs. 22c; rock. 25c: Leghorns. 9%c. Cheese—Twins, 12%® 12%c: Longhorns. 134:13%c; daisies, 134:13%c. Potatoes—Supply moderate; demand and trading slow; market, dull: North Carolina Cobblers, $1.40. slightly decayed. $1.20; Virginia Cobblers. $1.3047 1.35. slightly decayed. sl.lo® 1.25: Missouri Cobblers, partly graded, 60® 75c: North Carolina barrel Cobblers, $2.30®2.40, slightlv decayed. $2.15® 2.20; Virginia barrel Cobblers. $2.40. Arrivals. 131, on track, 269, shipments, 1,014. NEW YORK. July 6.—Potatoes, steady: southern. $14:2.50 barrel: Maine. sl.lo® 2.25: sweet potatoes, firm;: Jersey basket. $.65® 2.35: southern basket. $1.25. Flour, steady; springs: patents. $6,754: 7 barrel. Pork quiet: mess. $19.12% barrel. Lard, firm: middle west spot. $4,504:4.60 per 100 lb. Dressed poultry, steadv; turkeys. 12® 11c; chickens. 8® 27c; broilers. 17® 27c: capons. 25®35c: fowls. 10®18c: ducks. 134:14c; Long Island ducks, 134:15c. Live poultry, steady: geese. 7c: turkeys. 11® 19c: roosters. 9c: ducks. 84:10c: fowls. 12 4; 15c; broilers. 13® 25c. Cheese, steady : state whole milk fancy to specials. 18 ® 19c. Butter receipts. 25.853 packages: 1 market, steadier: creamery, higher than extras 24%®25%c; extra (92 scorei 24%c: first (90 to 91 score). 23%4:24c: | first <BB to 89 scorei. 23®23%c; seconds, j 22 1 • ® 22%c; centralized (90 score' 23%c; j centralized (88 to 89 score* 23® 23 %c: 1 centralized (84 to 87 scorei. 22%®22%c. In the Cotton Markets —July 5 CHICAGO High. Low. Close. January 12.62 12.54 12.54 I March 12.73 12.65 12.65 July 12.22 j October 12.44 12.33 12.3.7 j December 12.57 12.48 12.48 ; NEW YORK January f 12,57 12.48 12.48 i March 12.67 12 aJ 12-jji | \fa V 12.77 12.66 12.66 1 j„h- 12.18 12.07 12.07; October 12.37 12.27 12.27 December 12.52 12.41 12.41 NEW ORLEANS January .... 12.45 i March’ 12.63 12.60 12.60 1 May 12 64 | Julv 12.11 12.07 12.07 October .. 12.35 12.26 12.26 i December 12.50 12.40 12.4 C j N. Y. Coffee* Sugar Futures —Julv 5 COFFEE —Santos— High. Low. Close. March 101,85 10.47 10.49 j May 10.74 10.58 10.58 July 9.88 9.73 9.78 September 10 30 10.19 10.19 December 10.55 10.40 10.40 —Rio— January March 8.13 7.93 7.93 Mav 8.00 Julv 7.70 7.56 7.56 September 7.82 7.69 7.69 December 8.00 7.83 7.83 j SUGAR January 184 1.82 1.84 I March 1.90 1.87 1.88 Mav 1.93 1.91 1.93 July 1.70 1.67 1.70 September .' 1.75 1.72 1.74 December 1.84 1.81 1.83 Retail Coal Prices The lollowlng prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. . _ Domestic Retail Prices Anthracite Brazil lump Jj.oo Brazil egg jj.oo | Brazil mine run g -? ; Coke, nut size g*3 1 Coke, egg size ”•£! S Indiana forked lump ? 22 ! Indiana egg 2'An 1 Kentucky lump ‘ “g ; Pocahontas lump g-vu Pocahontas egg g-jfij Pocahontas forked lump ji-29 Pocahontas mine run ‘ £2 New River smokeless g 2? West Virginia lump j West Virginia egg 2-®2 \ Tcianrt Creek \ Ex-ra charge of 50c a ton for wheeling j coal, and $1 a. ton for coal carried to bin Estimate Sugar Production By 7 ifflci Special CHICAGO. July 6—Production of Cuban sugar for the current season to June 30. was estimated by the j Export Corporation to be 2.192.720 tons. Mills in operation during that period totaled thirteen, the corporation reported.

Cash Grain

INDIANAPOLIS —July 5 Wheat—Strong: No. i red. 79®8Oo; No. 2 red. 784i79e; No. 2 hard. 784179 c. Corn—Steadv: No. 2 white. 57%®58%e; No. 3 white. 5%®57%c; No. 2 yellow. .*3% ®54 %c; No. 3 vellow 52%®53%c: No 2 mixed. 52%4t53%c; No. 3 mixed. sI%U 52 %C. Ots—Steadv: No 2 white. 39%040%c: No. 3 white. 38'z*a39%c. Hav—tF o b. country point* taking 23%c or les rates to Cincinnati or Louisville*. No. 1 ttmothv $134713.50. —lnspections Wheat—No. 1 red. 15 cars: No. 2 red, 15 cars: No. 3 r’d. 1 car: No. 1 hatd--7 cars: No. 2 hard. 1 car; No. 1 mixed. 6 cars. Total. 45 cars. Corn—No. 2 white. 4 cars; No. 3 white. 3 cars: No. 4 white. 1 car: No. 2 yellow. 11 cars: No. 3 vellow 9 cars: No. 4 yellow. 2 cars. Total. 30 cars. Oats—No. 3 white. 1 car. Total. 1 car. Local Y! agon Wheat Citv grairt elevators are paying 76 cents for No. 2 soft red wheat. Otner grades on their merits. (By United Press) CHICAGO. July 5 —Cash grain: WheatNo. 2 dark hard. 91®91%c; No. 4 dark hard. 89%c: No. 2 red garlicky. 89%-c: No. 1 hard. 91®91%c; No. 2 hard. 91®91%c: No. 2 red. 90®90%c: No. 3 red. 89%c: No. 4 red. 89c; No. 1 mixed. 90%4i9!c; No. 2 mixed, 90%® 90%c. Corn—No. 2 mixed. 60® 62%c: No. 1 yellow. 60%c; No. 2 vellow. 60%®60%c: No. 3 yellow, 59% w 60c: No. 4 yellow. 59%®59%c; No. white. 64c; No. 2 white lake. 63c: No. 3 white, 63%c Oats—No. 3 white. 43%®44%c; No. 4 white, 42%c. Rye—No. 1, 67%c. Barley—90c; quotable. 5647 95c. Timothy—s9.3s® 9 60. Clover seed —$10.254714. Cash provisions: lard. $6.70; loose. $6.10; leaf. $6.12; bellies. $9.55. TOLEDO. July s.—Grain close (grain In elevators transit billing': Wheat—No. 2 red. 89%®90%c. Corn —No. 2 yellow. 63% ®64%c. Oats—No. 2 white. 484: 49c. Rye— No. 2. 69® 70c. iTrack prices 28%c rate). Wheat—No. 1 red. 86®86%c: No 2 red, 85®85%c. Corn—No. 2 yellow, 59%®60c; No. 3 yellow. 58%4?59c; No. 4 yellow. 57%® 58c. Oats—No. 2 white. 44%4; 46c: No. 3 white. 444745 c. Seed close: Clover— Cash, $8.25. Alsike —Cash, $8.50. ST. LOUIS, July s.—Cash grain: Wheat —lp good demand. % to 1% cent higher; No. 1 red. 90%91%c; No. 2 red, 89®91%c: No. 3 red. 88%®91 1 jc; No. 4 red. 87%4: 88c; No. 2 red garlicky. 85%47 89%c; No. 3 red garlicky, 85c; No. 5 red garlicky. 83® 85c; No. 2 red smutty, 87%c; No. 3 red smutty. 87c; No. 4 red smutty. 86 %c. Corn —In good demand, % to %c lower; No. 2 yellow. 60%®61c: No. 3 yellow, 6047 60'ic; No. 4 yellow. 60c; No. 5 vellow-. 59%c; No. 4 white. 62%c. Oats—ln good demand, unchanged to % cent higher; No. 1 white. 46c; No. 2 white, 46c; No. 3 white, 45%c: sample grade white. 44%c; No. 1 red, 46! 2 c. NEW YORK. Julv s.—Cash grain: Wheat, —No. 2 red. $1.05%; No. 2 hard winter. $1.06%. Corn —No. 2 mixed. 64%c. Oats— No. 3 white. 52%c. WARM WEATHER. RAINS BENEFIT STATE CROPS Corn and Field Tomatoes Show Most Progress. Warm weather and good to heavy rains in various sections of the state last week were of great benefit to corn, field tomatoes and late tobacco, according to the weekly report of the United States department of agriculture. Corn shows excellent color generally and several fields already have been laid by. The harvest of winter wheat is practically finished, with only a. few fields in the northern counties remaining to be cut. Threshing is in progress in the south, with reports showing yields and quality very good. Generally the crop is poor and very short. Pastures, meadows and new seedings are improved, but more rain is needed in many northern localities for practically all growing crops. Plumbing Permits Eli Kain, 1075 Oliver avenue; two fixtures. Don Carlisle. 3321-23 East Tenth; eight fixtures. L. Heckelsberg. 2038 East Washington; one fixture. K. V. Stahl, 2014 North Olney; three fixtures. R. Brady, 33-37 East Maryland; one fixture. Joe Huber. 668 Hyland drive; four fixtures. C. A. Johnson, 840 Lincoln- two fixtures. Bremer Bros., 1737 East Thirtieth; two fixtures. Eli Kain, 2215 College; eight fixtures. Coal, Ore Shipments Gain CLEVELAND, July 6—Coal and ore movements on the Great Lakes in the period up to June 25, showed a sharp increase according to reports of the Ore and Coal Exchange. Gross lake tonnage this year has been 11,099.919 tons against 7,831.005 tons to the same date last year.

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JULY 6, 1931'

WEATHER NEWS FORGES FUTURE PRICESLOWER Rainfall Over North and Southwest Depresses Grain Trade. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO, July 7.—Beneficial rains fell over the southwest, the northwest and some sections of lowa last night and this item depressed the grain trade at the opening of the Chicago Board of Trade today. Wheat started J t to "U cent lower, corn was off •% to 1% cents, oats were unchanged to %- cent lower and rye was off % cent. Liverpool wheat opened lower than the trade expected and thus further speeded up selling. Other selling at the start was attributed to hedging of the new crop in the southwest. Chicago Futures Range —July 6 Prtv. Wheat— High. Low. in 00. close. July 88% .88% .88% .89%* Sept 89% .89% .89'. .89% Dec 91% .90% .90% .91'* Corn— Julv 57 .56% .56% .57% Sept 58% .57% .58 .59% Dec 59% .58'* .58% .60% Oats— July 42% ,42 s * .42'. .43% Sept 43% .43% .43% .4.3% Dec 44% .44% .44% .44% Rye— Julv .65 % Sept 66% .66 .66 .66% Dec 68 1 1 Barley— Julv 53 .53 '4 Sept 51% .52!* CHICAGO PRIMARY RECEIPTS —July 5 Bushel?. Todav. Last week. Wheat 651,000 702.000 Corn 278.000 217.000 Oats 100,000 131.000 NEW CANDAIAN BONDS SHOW SALESJNCREASE First Half of Year Materially Higher Than 1933. By Timrg Sprrinl NEW YORK, July 6.—For the first six months of 1934, the total sales of new bond issues in Canada amounted to $189,713,272, including $30,000,000 treasury bills, according to a review just prepared by the Dominion Securities Corporation. The result for the first half of (he current year was materially higher therefore than in either 1933 or 1932, when new issues amounted to $131,592,738 and $162,154,581, respectively. Os particular significance is the expansion in railway, public utility and industrial corporation bonds, which for the first six months of 1934 amounted to $40,282,000 as compared with $7,610,000 in the corresponding period of 1933, and $20,045,000 in 1932. DOLLAR STRENGTHENS London Gold Price Declines to $34.76 '-j; Sterling Gains. By United Press LONDON, July 6.—The dollar was stronger today. The pound was $5.04%. Gold declined 2% cents to $34.76% with the sterling price 137 shillings nine pence a fine ounce, up 2 pence. Yesterday’s price was fixed with the pound at $5.05%. PARIS, July 6.—The dollar was steady today. Francs were 15.16 to the dollar (6.596 cents a franc).

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