Indianapolis Times, Volume 46, Number 49, Indianapolis, Marion County, 7 July 1934 — Page 9

JULY 7, 193*

Wall Street Further Sharp Reductions in Steel Operations Not Surprising. BX RALPH ULMJLKsHOI

Time* Special Financial Writer OpHE reduction ;n steel operations ■*- to 23 per cent of capacity from 44 7 per cent last week and 36 per cent to weeks ago came as no great surprise, although some authorities had expected the slump to be somewhat more gradual. In view of the code ruling that orders taken for any quarter must be filled during that quarter

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

Ilendershot

ni and the effort to escape the higher pr:rr-, which went into effect at the time, the recent announcement of a proposed cut in prices by National gter-i prnbnblv had something to do w *h the further sudden drop in operations. Consumers no doubt feel that further reductions may be fer’hcnming and are withholding orders for the time being to see just v •is going to happen in that reNational Steel held a decided advantage over many other manufa rers for a time before the code came mto being because of its relativ< '.y 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 back more than its share of the available business during the slow summer months. * n * opHE cut in compound interest X rates by the Corn Exchange Bank Trust Company, just announced, may prove the forerunner of reductions in other quarters. Several of the up-state commercial banks are reputed to be considering rutting the rate on thrift accounts. They now pay 3 per cent and are said to be keeping the rate that high only because of the competition from the savings banks. 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 are virtually nil. It probably would be a good thing If ali banks reduced their interest payments. Their first concern must be for the safety of the iunds intrusted to them, and it would be far better for them to cut rates rather than turn to speculative investments if they must choose between the two alternativeys. a b u ONE of the troubles with the entire banking system during the last boom period was the competition which arose betwen the various banks to secure deposits. Higher 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 <— Apples—Fancy Delicious. $2.50; Transparen's. *203. Bincsberrirs—24-qt. crate. $3. Cherries—Home grown. 16-qt. crates. It SO Oranges—California, Sunkist. $5.50: Valentins $5 50. tenons—Sunkist. $7. Grapefruit—Florida seedless $3 500 4 50. R ispherries—Southern Indiana olactt. S4-P- . rate $175 :2: red. $3. Cantaloupes—California jumbos. 455. $4 4SO vtandards. $3 50114 25; flonevde* v $2 75 Pears—Calaves. $3 50 per box. Watermelons—Florida Watsons. 30-lb. averages. 75c. Bananas —Per pound. sc. —Vegetable*— Sweet Corn—Alabama. 5-dozen crate. *150415. Cabbage-Home grown, bushel. 50,; 60c. Celery—Michigan, fiat boxes. $1.50. meS: .n: dor.. 00c. Onions—Texas vellow. 50-!b bag. $2. Pc>-a:'es—Northern round white. 100-lb hag $! 50: North Green Mountain. $1 75: Colorado McClures. $1 50: Idaho Russets. 100-lb. bag. $2 25; new Texas Triumphs. **Sweet Fots’oes— Tennessee Nancy Hanks. hamper. $2 40. Rears—Round, stringle's. $1.75. Beets—New 30c a dozen. Cairo's—California. 6-dozen crate. $2 75; home grown, dor. 25c. Cauliower- Homegrown, bushel. *l5O. Lettuce—Outdoor. 15-lb. basket. $4. iceberg best. $4 a crate Peas. Indiana. *1 50 Rad.shes—Home grown buttons, large fc::-rh 35c. Rhubarb—Home crown, dozen 35 3sc. Spinach—Home grown bushel 75c. Tomatoes— Hothouse. 10-Ib basket, sll original Term.. 30-lb. lug. $2 25. CHICAGO FRUIT MARKET .Bv Cmted Presst CHICAGO, Julv 6 —Fruits and vege•sbles App.es Michigan spies t! 75; rhino * transparent*. $2 >'2 50. carrots. Cal-'-rnla. $2 225 crates: cucumbers, hot--1" ;se *l i2 Illinois, bushel. $12531.50 ! tomatoes. Texas $2,42 15 lug box: sweet potatoes Tennessee. $2 bushel hampers: rr ishrooms ilUro.s is■; soc >lb cartons : a-paragu* Illinois, 60.:85c crates strawberries. Wisconsin. $15047 250 .16 qts ..); peaches. Georgia. $1 IP • 1 50 i% bushel l : red raspberr.e* Michigan. $12502 25 >24 on'*.. lettuce California. _*325•: 350 c 'e* beanv eastern green. *.75 1.40 bu. hampers Onion market 50 lb. sacks > T'xai whites. (175 California yellows. slos*?'. 35 California whites. *175. RAIL INCOME INCREASES Indiana Harbor Operating Revenues Total $7,765,719 in Year. By Timet Special CHICAGO. July 7.—An increase of bor Belt railroad for the year ending Dec. 31 showed net operating income of $1,845,005 against a total of $1,527,314 in the previous year, the annual report of the stockholders revealed Total operating revenues for the above period of this year ware $7,765,719 as compared to $7,298,620 lor the year before.

SPECIAL ISSUES CLOSE AT NEW HIGHSFOR YEAR Freight Loadings Amount to 644,572 Cars in Week; Store Sales Up, BY ELMER C. WALZER United Press Financial F.ditor NEW YORK, July 7.—Stocks crept higher yesterday at a trading pace just a shade above Thursday s ;>mall volume. The main list showed advances ranging to a point while a few special isues gained as much as 3 points. Commodities on the other hand, were mostly lower; bonds were irregularly higher with all United States governments scoring a rise; the dollar was steady. Business news was favorable, featured by a car loadings total of 644,372 cars for the week ended last Saturday. Chain store sales continued to show substantial gains. Hot weather and summer vacation demand for seasonal goods did their share in offsetting holiday declines in retail trade. New Highs Are Made Coca-Cola continued to rise into new high ground for the year, touching 130%, up 2% points. Other issues to make new 1934 tops included Monsanto Chemical r.nd Great Western Sugar. General Foods was a lone issue to make a new low for the year. Best gains were by Spiegel. May, Stern; Allied Chemical, Sterling Products, Western Union, Corn Products and Amercan Can. These issues were up IVi to more than 3 points. Chrysler rose more than a point and others fractionally. Utilities were up fractions to a point. Commonwealth & Southern was active around 2, a loss of % point. There was some profit-taking In United States Smelting and the issue declmpd 1 1 . points to close at 128 : 4. American Smelting closed at 42 up %. Anaconda was unchanged. while International Nickel firmed ’ point to 25 7 *. American Telephone made belated response to the less than seasonal loss in telephones during June for its principal subsidiary. New York Telephone Company. It closed at 115. up a point. Western Union also was strong, closing at 45%, up 1!£. Street Watches Meeting The Street watched the meeting of commissioners to govern the Stock Exchanges. Joseph Kennedy, chairman of the commission, let it be known the group did not plan any hasty action. That heartened traders. It was held that if the commission operated as Kennedy said it planned to, there should be no difficulty encountered so far as trading is concerned. Stock sales yesterday approximated 460.000 shares against 440,000 shares yesterday. Curb sales approximated 136,000 shares, the same as Thursday. Dow-Jones preliminary closing averages showed industrial. 97.34. up 0 90; railroad 43.55, up 0.25; utility 23.85, up 0.29. Money and Exchange INDIANAPOLIS BANK CLEARINGS —July 6. Clearings *2.425.000.00 Debits 6.188.000.00 FOREIGN EXCHANGE —July 6 (Bv Abbott, Hoppin St Cos.) Close. Sterling. England *5 04' 4 Franc. France 0659% Lira. Italy 0858% Belgian. Belgium 2337 Mirk. Germany 3856 Peseta. Spam .1368 Krone. Norway 2534 Krone. Denmark 2253 Treasury Statement <Bv United Press! WASHINGTON Julv 6. —Government expense and receipts of the current fiscal rear to Julv 3. compared with the corresponding period of the previous fiscal year; This rear. Last year. Expense *21.591.913 24 *99.800.165 64 Receipts 15 812.765 51 15 567.913 48 Deficit 5 779.147 73 84.232.252.16 Cash ba! 2 687 084.807 78 Investment Trust Shares (By Abbott. Hoppin Jt Cos.) —July 6 Bid. Ask American Bank Stocks Corp. 108 1.13 American At General Sec A.. 400 5.50 American At Inv Tr Sh .... 1.75 .... Basic Industry Shares 3.12 .... British Type Inv Tr Sh 38 .45 Collateral Trustee Shares A .. 4 55 4 65 Corporate Trust Shares 1 old 1 . 197 201 Corporate Trust Shares tnewl 227 2.31 Cumulative Trust Shares .... 387 .... D;ver.ified Trust Shares A ... 630 D > ified Trust Shares B ... 7.50 7.75 Diversified Trust Shares C.... 300 305 Diversified Trust Shares D ... 455 4.65 First Insurance Stock Corp .. .76 .86 First Common Stock Corp .. 66 .70 Fixed Trust Oil Shares A.... 7.90 .... Fixed Trust Oil Shares B ... 690 Fundamental Inv Inc 1 92 2.12 Incorporators Investments... 17.25 17 50 Land Bank Bond Shares .... 1.60 129 Low Priced Trust Shares .... 5.75 585 Mass Inv Trust Shares 18 69 20.32 Nation Wide Securities ....... 328 334 North Am Trust Shares i53.. 183 .... No Am Trust Shares 55-56).. 230 234 North Am Trust Shares < SB l .. 2 28 2.32 Selected American Shares .. 247 .... Selected American Shares Inc 1:15 1.24 Selected Cumulative Shares .. 644 .... Selected Income Shares 3 33 3 75 Srd American Trust Shares A 285 295 Trust Shares of America 2 70 2 75 Trustee Std Oil A 540 5,45 Trustee S'd Oil B 500 5.10 t T S Electric It At Pwr A 1250 12 75 Universal Trust Shares 290 2.95 Daily Price Index :Bv United Pressi NEW YORK Julv 6 —Dun At Bradstreet's daiiv weighted price index of thlrtv basic commodities, compiled for the United Press; (1930-1932 average. 100: Todar 11l 83 Yesterday 112 24 Week ago 112 6$ Month ago • 112.71 Year ago Julv 7 1 104.55 1934 high *June 19) 113 68 1934 Low Jan 101.05 Copyright. 1934. by Dun At Bradstreet, Inc. 1 . New York Bank Stocks (By Abbott. Hoppin & Cos.) —July 6 Bid. Ask. Bankers 63 63 % Brooklvn Trust 98 102 Central Hanover 126% 127 Chase National 27% 28 Chemical 39 ’2 40 National Citv 27% 28% Corn Exchange 50 3 , 51* Continental 13 13* a Empire 18 \ 19 ! First National 1.625 1 635 Guaranty 356 358 Manhatten At Cos 30 30% Manufacturers 21 51' New York Trust 108 108% Public 34 34'* DOLLAR STRENGTHENS London Gold Price Declines to $34.76',; Sterling Gains. By F nitrd Prctt LONDON, July 7.—The dollar was stronger yesterday. The pound was ss.o4’*. Gold declined 2% cents to $3476% with the sterling price 137 shillings nine pence a fine ounce, up 2 pence. Thursday's price was fixed with the pound at $5.05 PARIS. July 6.— The dollar was steady yesterday. Francs were 15.16 to the dollar <6.596 cents a franc).

New York Stocks

AVERAGE STOCK PRICES FOR THURSDAY Net High. Low. Close, change. Thirtr industrial* 6.92 95.19 9K.44 -v1.67 Twenty rails 43.45 42.93 43.30 +.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 —O IT. rl’p.

—July 8— • Oils— Prev. High. Low. Close, close. Amerada 51'4 51 51U 51 !Atl Rfg 25 1 a 25% 25% 25% Barnsdall 7'a 7% jVt 7% Consol Oil .... 10% 10'a I#% 10% ‘Cont of Del... 19', 19% 19% 19'a Houston <oldl.. 20% 20% 20% ... I Indian Rfg •• 2% .. • Mid Cont Pet . 12% 1254 12% 12’/* 'Ohio Oil lit* 11 11V4 11 Pet Corp . 10- . ■ Phillips Pet ... 17% 17’4 17% 17'/a Plymouth Oil .. . 12 , , Pure Oil 10% 10'4 10'* 10% Sbd Oil 317* 31 Vs 31% 31% Shell Ur B>* B'. Skell<*v Oil 9% 9'4 994 •• Soc Vsc 16% 16 16% 16 S O Os Cal ... 34’* 34’ 34’* 34% SOOf N J ... 44’* 43% 44% 43 7 Sun Oil • 61% 61% Texas Corp .... 23% 23*4 23% 23'a Tidewater Assn. 12% 13 12 12% Un Oil of Cal... 16'a 1614 l‘/s 16'/* Steels— Am Roll Mills.. 19% 18 7 . 19% 18% Beth Steel 34'* 33% 34 34 Bvers A M .... 22', 22% 22% 21% Col Fuel <fe Iron 59* l Natl Steel 41 Otia Steel 4% Rep Iron At Stl 16% !’'* 18% 16% Rep lAt Stl Pfd 47 45% 47 25 U 8 Pipe At Fdv 23% 23 23% 23% U S Steel 40’* 39% 39% 39% U S Steel pfd .. 84 83% 84 83% Warren Bros .... . • 8 a Youngstn S& T 20% 20% 30% 20% | Motors—- ! Auburn 24 1 4 23 24 23 Chrysler 41% 39% 41 32% I Oen Motors . 3(1% 31 32 31% j Oen Motors pfd 102% 102 102 102% I Graham Mot ... 2% 2 2% 2 i Houdsoti 9% 9% 9% 9% Hupp 3% 3% 3% 3% Mack Truck 26% 26% 26% .. j Nash 17% 17% 17% 17% Packard 3* 3% 3% 3% Reo 3% 3% 3% 3% Studebaker 4% 4 4% 4 Yellow Truck .. 4% 4% 4% 4% Motor Access— Bendix 15% 14*4 15% 1494 Bohn Alum 57 56% 57 55 % Borg Warner .. 20% 22 22% 22% Briggs 17% 17 17% 17% Budd Wheel 2% . • Eaton Mfg . • 16% 16% Elec Auto Lite . 2194 21% 21% 21% Houdaille “A” ... ... ... 3% Mullins Mfg pfd , 33 Murray Body ... 694 6% 6% 6% Stew Warner .. 7 69* 7 7 Timken Roll 29% 27% Timken Det Axel 69* 6% Mining— Alaska Jun ... 21% 21% 21% 21% Am Metals 23% 20% 23 23% Am Smelt 43 42% 4294 42% Anaconda .... 14% 14% 14%% 14% Cal At Hecla ... 4% 4% 4% .. Cerro De Pasco . 40% 41% 42 42% Dome Mines ... 449 44% 44% 44% Granbv 994 ... Gt Nor Ore ... 119a ••• Homestake Min. • . 421 Howe Sound 5594 5494 54% 55** Ins Copper ... ... 4% Int Nickel 26 25% 25% 2594 Int Silver •• . 30 ... Isl Creek Coal.. 30 28% 28% ... Kennecott Cop. 21 7 21% 21 % 21% Mclntyre Mine. . • 48% 1 48% Noranda Cop... 449* 44% 44% 44% Park Utah 18 17% 1794 ... St Joe Lead ... 21% 20% U S Smelters... 130% 128% 128% 129% Vanadium 21% 219a 31% 20% Amusements— Croslev Radio 1314 15% Fox Thea 13 13 Loews Inc 25% 27% 28% 28 Radio Corp 7 6% 6% 6% RKO .. 2% 2% Warner Bros ... 5% 5 5V4 5 Tobacco*— Am Snuff 60% 60 60 60% Am Sum Tob . . , • , 17% Am Tob “A" .. 74% 74% 74% 74% Am Tobacco "B” 76’* 76’* 76% ... Ligg A- My “B" 96% 96% 96% ... Lorillard 18 1794 18 ... Revn Tob “B” 46 4594 45% 45% Rails— Atchison 61 60 60% 50 Atl Coast Lines . , 39 38 BAt O 23% 23*4 23% 23% Can Par 149* 14 14% 14% Ch At Ohio ... 479a 461, 47 46% Chi At Gt W 2% 209* Chi At Gt W Pfd 7% ... C M At St P .• ... 4% 4% C M At St P pfd 7% 7% 7% 7% Chi N W 89* 8% 8% 8% Chi N W pfd .. . 16% 16% Del Lac At W.. 23% 23 23% 22% Brie . • ■ . ■ - 18,, Ort North pfd . 21% 21% 21% 21% 111 Central 24% 24% K C Sou }2% ... Lehigh Valley .. 15% 15% 15% ... M K At T 9% 8% 9% 8% MKAt T pfd 22% 22% Mo Pac 3%• 3% Mo Pac pfd •• ~ 5% „■>% N Y Cent .. 28% 28% 28% 28% NY Chi&StL pfd 29% 29 29% .. N Y New Haven 15 14% 15 14% N Y Ont St West 7% Norfolk At Wes . . 182 Nor Pac 94 23% 23’* 23% Penn R R 30% 30% 30% 30 Sou Pac 24% 24 24% 24 Soi R R 24% 23% 24% 24 Sou R R Dfd . • 29% 29% Union Pac 12094 120 120 1?0 West Maryland 12 119a Equipments— Allis Chalmers 15% 15% Am Brake Shoe . Am Car At Fdv 20", 20 20% 29% Am Car At Fd pf • 4040 Am Loco . ... 23’* 23% 23 * 24 Am Loco pfd 55% 54 54 a Am Mach A- Fdv . . J 1 Am Steel Fdv.. 17 16% 17% 16*. Bald Loco 10% 10% 10% 10% g;*"°7 h i 8 ::::: 50% -49% 50% cater Tract.... 27% 27 27 27 Deere A- Cos ... 21 20 s . 209a 21 Elec Stor Bat. 42,, Foster Wheeler ... ... 15 % ••• Gen Am Tk Car • • • 3< ••• Gen Elec 20 19% 20 19% Gen R R Sig ... 33 32% 32% 32% Int Harvester .. 32% 32% 32% 32% Natl Cash Reg .17 16% 17 16 ,* Rem m ßand nC ..::: 10% 10S 10% 10% west Ai‘r ot B’:::: 22% '22% '% 22% Westingh Elec .. 37% 36 s . 37 36.* Worth Pump 20 ... L'tllities — Am At For Pwr. 8% 8% 8% 8 Am Pwr At Lit.. -- •■> 3,. 7 A T A' T 115 112% 115 114 Am Wat Wks ... 20% 20 20 20% Brook Un Gas .. ... . 6 Col Gas A' Elec 14% 14 14% 13 * Col G & E pfd 76% 76' Com At 50u.... ■■ ••• •_ Consol Gas • 34% 34 34 * 33 * Elec Pwr At Lit * * ,5.’ E PA- L Pfd .. 13 12% 13 12% Int Hvdro Elec.. 6% 6% 6 /a % Int TA- T ■ ■ 12% 12% 12,-a 12 * Lou G & E “A ... ••• 16 1 Nat Pwr A- Lit.. 10% 10% 10% 10 North Amer ... lt% 17% 17% 17 Pac GA- E ■■ 1?, . *5,PeoDles Gas .. 32 31 31 z 32* Postal Tel pfd.. 21% 20% 21% 19 a Pub S?rv N J-. 36 35 2 35 2 35 i? d c Gas Edison :: ’ • 10% 10% Std Gas Dfd ■ il% 11% 11% 11% Stone A- Webster 7% .% •% 7J, United Corp ... 5 * 5 5 * 5 Un Gas Imn 16% 15 l6 a 1 Ut Pwr A' Lit"A • • J 2 a Western Union . 45% 44% 45% 44 Rubbers — Firestone 17% 17% 17% 18 Goodrich 13 12 • 13 12% Goodyear 27 s * 2>% 27 * 2: a Kellv Spring ... ■ • J • .2, U S Rubber .... 18% 17 7 a 18 17 a U S Rubber pfd 44 43 44 42 * Miscellaneous — Am Bank Note . 21% 21% 21% 21 Am Can 98% 98 98 , 97 Anchor Cap • 20 . Brklvn Man Tr.. 38% 38% 38 * 38 * Conti Can 799* 79V* 79% .9 Crown Cork Curtis Pub pfd . • 81 a 81 Eastman Kodak. 99 98 2 98 a 98* Gillette 10% 10% 10% 10% Glidden 54 * Raybestos Mfg .17 16% 17 ... Foods— Am Sugar 65% 65% 65% 65 Armour A 5% s’a 5 a 6 Beatrice Cream. • 16% is Borden Prod ... 26% 26% 26% 28^* Cal Packing ... ••• 32 32 a Drv G Ale 21*4 21 21 21 Coca Cola 129 l 4 130% 128] 2 Corn Prod 68-* 67 6>-a 66 * Crm of Wheat . . 33 33 Cuban Am Sugar 8% 8% 8% 8, Oen Foods 30 7 * j 3*'* Gold Dust 20% 20% 20% 20 G W Sugar .... 35 34% 34 3 34 * Hershev 63 •- Int Salt 31 30 a Loose Wiles .... .. • . 1%. Natl Biscuit 35 34% 35 34 , Nstl D Prod 18% 18 18% 18^ S Porto Rico Stlg 35-a 35** 35 a 35 a Spencer Kellog .. • W% . Std Brands 21% 20_* 21 20 Un Biscuit 25 24% 24 * 25 United Fruit .. <1 70% 70 * >1 a Ward Bak A Wrigley 00 Retail Stores— Asso Dry Goods. .. ••• 11% Best A- Cos • • • 33 • First Natl Stores 65 s * 65% 65% 64_a Gimbel Bros J " 4 Hahn Dept Sts 2 • tpwel Tea ... 4*% *1 Kresge S S .... 1?% 19% 19% 19% Kroger Groe ... 31’a 31% 31 3 31* VI * r v R H ... 41 7 a 41% Marshall Fields. 14% 14% 14% 14% Mav Dept St ... • 38% . Mont ward .... 28S 28 28 27*, Natl Tea 12 11% 11% 12 Penny J C * Safew ay St - 50 i 50 Sears Roebuck. 43 42% 43 42% Woolworth 50% 50 50 50 Aviation— Aviation Corp 6., 6 Curtiss Wrtght J% 3% 3% 3% Curtiss Wright A 9% 9 s * 9% 9% Douglas Air.... IB 19% 19% 19 s * Nor Am Av .. 4% 4% Spttzj Corp ... % 8% 4% 8%

.THE INDIANAPOLIS TIMES

United Aircraft. 17% 17% 17% 17% Wright Aero $0 Chemical*— Air Reduction 99% 99% Allied Chem 135% 13?% 135 132% Am Com Alcohol . 34 34 Col Carbon 74% 73 74 74 Com Solvents... 22% 21% 22"* 21% DuPont 91% 90 90 % 90% Freeport Tex .. 32% 32% 32 s , 32% Liauld Carb .. . 27% . Math Alkali 33 32% 33 32", Montosonta Ch 52% 51% 52". 51% Natl DU inewi 23 7 * 23% 23% 23% Schenelev Dist . 27 s , 27% 27% 27% Tex Gulf SulDh 34 33 s . 34 33% Union Carbide 44% 43% 43% 43 s * Virg Ch 6% pfd 18 Drugs— Cotv Inc 8 5% 6 8 Lambert 26 25% 25% ... Lehn At Fink... 20 19% 20 Un Drue 15% 15% 15% 15% ZoniteProd 5% 5 Financial— Adams Exp .... 8% 8% 8% 8% Allegheny Corp. 2% 2% 2% 2 s , Am Int Corp... 7% 7% 7% 7’* Chesa Corp .. . 45 44% Lehman Corp .. 70% 69% 70% .. Transamerica .. 6 s * 6% 6% 6% Tr Conti Corp .. 4% 4% 4% 4% Building— Am Radiator ... 14% 14 14 13% Gen Asphalt ... . 18% 18% Int Cement 26 25", 25% 26% Johns Manville 53% 52 s * 53 s * 53 Libbv Owens Gls 31% 30’* 31% 31 Otis Kiev 16 15% 15% 15% Household— Col Pal Peet.... 15% 15% 15% 15% Congoleum ..... . j 27 27 Kelvinator 16% 15% 16% 18 Mohawk Carpet. . 17% 17% Proc At Gamble 36% 36% 36% 36% Simmons Bed .. 16 15V, 16 Textiles— Amer Woolen .. 10% 10% 10% 10% Belding Hem ... . 12% 12% Celanese Corp .. 26% 25% 26 25V* Collins Alkman .16 15% 15% 16 Ootham Hose .. . 7% ... Indus Rayon ... 26 25% 25 s * ... Kavser Julius 16% ... Real Silk 8% ... New York Curb (By Abbott, Hoppin Ac Cos.) —July 6 Close.: Close. Allied Mills ... T*7 Humble Oil .... 4% Am Beverage . l%i Imperial Oil Ltd 15 Am Cyanide B. 19 Int Petrol ... . 27% Am Gas At EL. 27% ‘Lake Shore M 54% Am Superpower 2% Lone Star Gas . 5% Ass Gas At El. %!Natl Bellas Hess 3% Atlas Corp .... 10%: Newmont Mfn 52 Can Ind Ale A 8% Nia Hud Pwr .. 5% Can Marc 2% Novadel Agene.. 19% Cities Serv .... 2% Pan Am Airways 38% Cons Gas of B 67%:Park Davis .... 24% Cord Corp .... 4 Penn Road .... 2% Crown Cork Int 6% St Regis Paper 3 Deere & Cos ... 20%iSherwin Wms. 70% Distillers Corp 15%'Std of Ind .... 27%| Dow Chem ... 70% Std of Ky 16% El Bond At Sh. 15V* Technicolor Ind 13% Fisk Rubber ... 10 Teck Hughes G 7% Gen Aviation . . 4%!Un Gas 2% Glen Alden Coal 22 Un Pwr &Li A 2% Gulf Oil of Pa 64% Wright Har's M 9% Hud Bay Min.. 13%|

Chicago Stocks ““"“"(By Abbott. Hoppin At Cos.) ""

TOTAL SALES 13.000 SHARES —Julv 6 High. Low. Close. Acme Steel Cos 40 Adams Royalty Altorfer Bros 20 18 20 Associates Inv Cos 61% Bendix Aviation 15 14’4 14% Borg-Warner 22% 22 22V* Brown Fen At Wire “B” . .• 2 Butler Bros 9% 9% 944 Berghoff Canal Construction .. Chi At North Western.. 8% 3!4 8% Chicago Com com... 2% 2 2% Chicago Coro Pfd ... 26 Cities Service 2% 2 2% Club Aluminum % Commonwealth Edison .■ ... 56% Cord Corp 3% 3% 3 * Crane Cos 8% Dexter Cos 4% Electric Household . 15% Gen Hse Hold Util .. 11% 11% 11% Houdaille-Hershev "B'’ 3% Iron Fireman 15 Kalamazoo Stove 21% Katz Drug 35 Libbv-McNeil s'/* 5 5% Marshall Field }4% McCord Rad ‘‘A’’... 15% McWilliams Dredg Cos 19% Merchants & “A’’ 1% Middle West Utilities % Ntional Union Radio 1% St Louis Nat Stock Yds .. ... Sutherland Paper C 0... -■ .• • 0% Swift At Cos 17% 17% 17% Swift Internacional 31 30% 31 Thompson JR S’A 6% 6% Vortex Cup Cos “A” 31% Walgreen Cos com .fn, 4 - Ward Montgomery “A" H 7 Wisconsin Bankshares 2% (By United Press) NEW YORK. July 6 —Closing Liberties: (Decimals represent thirty-seconds) —Liberty—--3%s (32-47) 104.9 First 4Vs (32-47) 103.22 Fourth 4%s (33-38) 103.24 —Treasury—--4%5, 3'ls (45) 103.25 4%s (47-52) 113.20 3%s (43-47) 104.26 J)%s (41-431 March 105.9 3%s (40-43) June 105.12 31 ,s 1 431 105.9 3%s (46-49) 102.29 3s (51-55) 101.24 FEDERAL FARM LOAN BONDS (By Blyth At Cos., Inc.) July 6 Bid. Ask. 4s Nov. 1. 1957—37 99% 100% 4s Mav 1. 1958—38 99% 100% 4%S July 1. 1956-36 100V* 100% 4%s Jan. L 1957—37 100% 100% 4%s May 1. 1957—37 100V* 100% 4%s Nov. 1. 1958—38 101 102 4%s Mav 1. 1942—32 IOO'/s 100% 4%s Jari. 1, 1943—33 100% 100% 4%s Jan. 1. 1953—33 100 100% 4%s July 1. 1953—33 100 100% 4%s Jan. 1. 1955—35 100 100% 4%s Jan. 1. 1956—36 101 102 5s May 1. 1941—31 100% 101% 5s Nov. 1. 1941—31 100% 101% Home Loan 4s July 1, 1951 100.25 100.30 Federal Farm Mortgage Corporation 3>4s March 15. 1964—44 101.18 101.21 The two latter quotations are in thirtyseconds.

Bright Spots 1 (By Ablwtt Hoppin At Co.l““

Bank of England statement July 5. shoxs circulation 385.793,000 pounds against 381.689 on June 28. an increase of 41.7 per cent. C O Railway ear loadings In June totaled 188.664 ear* as compared to 138.212 i May ad 131.353 J June of 1933. Bank of FVance June 29. statement shows gold 79.547.000.000 franca 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 sale* are reported to show a gain of 36 per cent. Directors of Beneficial Industrial Loan corporation declared the regular quarterly dividend of 87 ’2 cents a share on the preferred stock. Series A. and 37% cents a share on the common stock, both payable July 3. of record July 16. WARM WEATHER, RAINS BENEFIT STATE CROPS Corn and Field Tomatoes Show Most Progress. Warm weather and good to heavy rains in various section:* 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 sho*ring 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. Brokers Loans Increase WASHINGTON, July 7.—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, t#e federal reserve board announced Thursday.

SWINE MARKET DROPS 10 TO 15 CENTSATPENS Vealers Remain Steady; Cattle and Lambs Unchanged. Wpak undertone prevailed in hog trading at the Union Stockyards yesterday morning, and the majority of prices moved around 10 to 15 cents lower than Thursday’s average. Underweights displayed the minor decrease. Receipts estimated at 7,500, were slightly higher than previous fibres. The bulk, 160 to 190 pounds, was selling at $4.55 to $4.70, 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 pxtremcly 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-'neads 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 Thursday’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@ 4.85 $4.90 5,000 30. 4.70® 4.80 5.00 1,500 July 2. 4.60<3 4.75 4.90 8.500 3. 4.65® 4.75 5 00 6.000 5. 4.700 4.85 5.00 6.500 6. 4.55® 4.70 4.90 7.500 Market Lower (140-160) Good and choice ....$ 3.750 4.00 —Light Weights—-(l6o-180) Good and choice ... 4.55® 4.60 (180-200) Good and choice... 4.70® 4.75 —Medium Weights—-(2oo-220) Good and choice .... 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 cohice ... 4.75® 4.85 —Packing Sows—(2s down) Good .' 3.85® 4.25 (250 lbs.) Good 3 50® 4.10 (All weights) Medium 3.25® 3.85 —Slaughter Pigs—-(loo-130) Good and choice.... 2.75® 3.25 CATTLE Receipts, 500i Market, Steady. Good and choice $ 6.75® 9.25 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 4675-750) Good and choice 5.50® 7.25 Common and medium 3.00® 5.50 (750-900) 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 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 At choice. $7.75® 8.25 (90-110 lbs.) Good and choice 7.50® 8.00 190 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.. [email protected]; top, $5: 170-220 lbs., [email protected]; 140-170 lbs., [email protected]: pigs, [email protected]; packing sows. $3.75®4.15; light lights, 140-160 lbs., good and choice, $3.40®4.15; light weights, 160-200 lbs., good and choice. $4®4.75; medium weights. 200-250 lbs., good and choice, $4.60®5; heavy weights, 250-350 lbs., good and choice. $4.80@5; packing sows, 275-550 lbs., medium and choice. $3.5004.25; slaughter pigs. 100-130 lbs., good and choice, $2.50® 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 *6.2508.50; week’s supply Stockers and feeders well cleaned up: slaughter cattle and vealers; steers, 550900 lbs., good and choice. $5.7508.25; 9001,100 lbs., good and choice, [email protected]: 1.1001,300 lbs., good and choice. [email protected]; 1.300-1,500 lbs., good and choice, *7.50® 10.40; 550-1300 lbs. common and medium. *2.75 0 7.50; heifers. 550-750 ibs , good and choice, *507; common and medium, $3.25 @5.25; cows. good. $3.75#5; common and medium. $2 5003.75: low cutter and cutter. *1.25®2 50: bulls, yearlings excluded, good beef. $3.25@4: cutter, common and medium. $2.2503.65: vealers, good and choice, *4.5006725; medium. *3.500*4.50: cull and common. $2,[email protected]: stocker and feeder cattle: steers. 550-1.050 lbs., good and choice. [email protected]: common and medium. $2.50@4. Sheep—Receipts, 6.000; market, native lambs fully steady: westerns held higher; yearlings scarce: sheep unchanged; bulk native lambs, lightly sorted. $8: few. $8.25; others held higher; asking. $8.50 upward, on strictly choice westerns. Including first Washington rangers of season. Ewes. [email protected]. Slaughter sheep and lambs—Lambs. 90 lbs., down: good and choice, *7.50 0 8.50: common and medium. 5607.60; ewes. 90-150 lbs., good and choice. *1.5002.25; all weights, common and medium. $1®1.75. LAFAYETTE. July 6—Market 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.. 53.25: 100-130 lbs., *2.50@3.. Roughs. *4 down. Top calves. *4: yearling lambs. *7; spring lambs. [email protected]. FT. WAYNE. Julv 6.—Hogs steady to 20c lower: 250-300 lbs.. $4.80, 200-225 lbs.. $4.65; 180-200 lbs.. $4.55: :160-180 lbs.. $4.45: 180-350 lbs.. *4.65: 1.50-160 lbs . S3 65: 140-150 lbs.. *3 40:; 130-140 lbs.. $3.15; 120130 lbs.. *2 80; 100-120 lbs.. $2.60: roughs, $3; 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. *3.7504.75: little Included of value to sell above *5; but strictly good lightweights, eligible to *6.50 thin fleshed frassv cutter steers and heifers, salable 2.5003.50; bulk beef cows. $2.5003: good kinds and smooth heifer types, eligible to *3.50 and above; low cutters and cutter. $102.25: sausage bulls, salable mostly *2.75 down: most light Hereford stocker? salable *4®4.50: Inferior to common natives and southerns, mostly $2.2503.50. Calves —Receipts. 500: including 70 stock calves: market, steady: bulk better vealers, *404.50; few strictly choice handvweights 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: 160185 lbs.. $3.85: 145-160 lbs.. S3 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 strictly choice offerings. *8 50 09: light medium lambs. *606.50: throwouts mostly *5.50 down: fat ewes. *102; most stock ewes salable *5.5007.50 a head. u. s. Business Failures Increase CHICAGO. July 7.—Business failures in the United States in June, according to reports from Dunn & Bradstret, totaled 1.083 as compared with 977 in May and 1648 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 Time * Special LOUISVILLE. July 7.—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 S2B 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 $44,050.60. By United Press WASHINGTON, July 7.—The AAA yesterday reported corn-hog contract payments of $7,055,048.30 through June 30. lowa producers got $4,807,709.55, Minnesota $983,314.20, 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 $23,627.05, 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 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. I, 27 0 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’.tc; dirties; Nod. 1. ll%c; No. 2, 10%c; checks No. 1, lie; No. 2. 10 %c. Butter—Market, steady: receipts, 21.126 tubs; extra firsts (90-91% score, 12%@23c; extras (92 scores) 23%c; firsts (88-89% score). 21%@21%c; seconds iB6O 87%c: 20@20%c; specials, 240 24%c; standards 23%c. Poultry—Market, steady; receipts, 52 trucks, 1 car: hens, 12%@13c; White Rock fryers. 22%c: colored 18%c: Plymouth. 23c; colored brilrs, 18c; spring geese, 11c; 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. 13®13%c: daisies. 13@13%c. Potatoes —Supply moderate: demand and trading slow: market dull; North Carolina Cobblers. 51.40, slightly decayed. $1.20; Virginia Cobblers. *1.3001.35. slightly decayed. [email protected]: Missouri Cobblers, partly graded, 600 75c: North Carolina barrel Cobblers, $2.300 2.40, slightly decayed. $2.1502.20: Virginia barrel Cobblers. $2.40. Arrivals. 131. on track, 269, shipments, 1,014. NEW YORK. Julv 6.—Potatoes, steadv: southern. *102.50 barrel: Maine. sl.lo® 2.25: sweet potatoes, firm:: Jersey basket. $.6502.35: southern basket. SL2S. Flour, steady; springs: patents. $6.75@7 barrel. Pork auiet: mess. $19.12% barrel. Lard, firm: middle west spot. $4.5004.60 per 100 lb. Dressed poultry, steady; turkeys, 12011 c: chickens, B@27c; broilers 170 27c; capons, 25@35c: fowls, 10@18c: ducks. 13014 c; Long Island ducks. 13@15c. Live poultry, steady: geese. 7c: turkevs. 11® 19c roosters. 9c; ducks, 8010 c: fowls. 12 @lsc; broilers. 13® 25c. Cheese, steady; state whole milk fancy to specials. 18 @ 19c. Butter receipts. 25.853 nackages; market, steadier: creamery, higher than extras. 24%@25%c; extra (92 score) 24%c; first <9O to 91 score), 23%@24c, first (88 to 89 score). 23@23%c: seconds, 22%@22%c; centralized (90 score) 23%c; centralized (88 to 89 score( ~23023 %c: centralized (84 to 87 score). 22%®22%c. CLEVELAND, July 6.— Butter—Market, steady: extras 27%c; standards. 27%c. Eggs—Market, steady: extra white, 14%c; current receipts, 13 %c. Poultry market firm; colored fowls, 412 lbs., and up. 16cj Leghorn fowl 3 J 2 lbs. and up, 12c: old Toosters. 9c: ducks, white 5 lbs. and up. 15c. Potatoes—Virginia $2.50 per bbl. In the Cotton Markets —July 6 CHICAGO High. Low. Close, j January 12.43 12.35 12 35 i March 7 12.53 12.46 12 46 1 Julv 12.00 j October 12.23 12.13 12.14 December 12.40 12.30 12.30 . NEW YORK January 12.36 12.30 12.31 j March 12.43 12.37 12.40 May 12.52 12.45 12 49 jiffy 11.97 11.90 11 92 October 12.17 12 07 12.10 December 12.32 12.23 12.-5 NEW ORLEANS Ma n rch ry ... li:! Mav 12.50 12.45 12.45 Julv 11 96 11.89 11 90 October 12 13 12 05 12.07 December 12 23 12.05 12.22 N. Y. Coffee, Sugar Futures —July 6 COFFEE —Santos— High. Low. Close. March 10 60 10.53 10 57 May 10.68 10.58 10 64 July 9 89 | September 10.30 10.29 10.30 December 10.52 10.40 10.52 i —Rio— January 0 93 March ••• 0.99 May 8.03 July • 0.60 September ‘ 36 < 83 ‘ 33 December 0.99 0 36 ■ -91 SUGAR High. Low. Close ! January 1 84 1.33 1.83 March 1.89 1.88 1.88 Mav 1 93 1.92 1.52 j Julv 1 00 1.68 1.68 I September 1.75 1.04 1.74 December 1 84 1,32 1.82 Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton Is allowed. Domestic Retail Prices Anthracite *13.50 Brazil lump 6,00 Brazil egg 5.5<r Brazil mine run 5.25 Coke, nut size 8 25 Coke, egg size 8.25 Indiana forked lump 6 00 Indiana egg 5.75 Kentucky lump 7.00 Pocahontas lump B.OC Pocahontas egg 800 Pocahontas forked lumD 9.00 Pocahontas mine run 0.25 New River smokeless 8 00 West Virginia tumo 805 West Virginia egg 6.50 Extra charge of 50c a ton for wheeling coal, and *1 a ton for coal carried to bin.

Cash Grain

INDIANAPOLIS —July 6 The bids for car lots of grain at the rail of the Indianapolis Bo*rri of _Trade, f o. b.. ship Dine point, basis l'-jC to Wheat—Steady: No. 1 red. 79®_80c; No. 2 red. 780 09c. No. 2 hard .8 •).9c Corn— Easy No. 2 white. ■'•o3Bc No 3 while 56® 57c: No. 2 yellow 53 yo4c: No. 3 vei'low. 52'.t53c: No. 2 mixed 5-it3c; No 3 mixed. 51352 c. Oats—Firm: No 2 white. <o@4lr: .to. 3 w hite. 39 •< 40c , Hav—Steady; ‘F. o b. country wimts taking 23%c or les rates to Cine: nr. a'.or Louisville). No. 1 timothy. *13013 50. —lnspections Wheat—No. 1 red. 51 cars: No. 2 red. 16 cars: No. 1 hard. 10 cars No. 2 hard. 7 cars. No. 1 mixed. 17 ca:s: No 2 mixed. 2 cars: sample 1 car To'.al. 104 cars Corn—No. 2 while. 2 cars: No. 3 while 5 cars No 2 yellow. 24 cars; No 3 ve.’ow. 11 cars: No. 4 yellow 1 car: No. 2 mixed. 1 car; No. 4 mixed. 1 car. Total 46 cars. „ _ ... Oats —No 2 white. 3 cars: No. 3 white. 3 cars. Total, b cars. Rye—No..l. 1 car; No. 2. 18 cars. Total. 19 cars. ’ (Bv United Press) CHICAGO. J.ilv 6.—’Cash grain. Wheat -No 1 red 90%c; No. 2 red. 90 ; i90%c, No 3 rpd 89%c. No. 1 hard. 91%@92%c; No. 2 hard, 91%@92c; No. 1 yellow hard. 91%c; No. 1 mixed, 91c: No. 2 mixed 90%c Corn —No. 1 yellow. 60c; No. 2 yellow. 59%c: No. 4 vellow. 57%5; No. 5 yellow lake. 57c: No. 2 white lake. 62% 0 63c No. 3 whfle lake. 62 %c. Oats —No. 3 white. 43 44c Rye No. 1 bulkhead. 66%r. Bariev—B6c; Quotable. 56095 c. Timothy—*9.3s 0 9.60. Clover Seed—*lo 2.40 14 ..'. Cash provisions—Lard. 56.72: loose, 56.10; leaf. $6 12: bellies. $9 65. TOLEDO Julv 6 Grain close. (Grain in elevators transit billing.' \\heat-—No. 2 red 89 " 90c Corn—No. 2 yellow. 63%0 64' c Oats—No 2 white. 470 48c. Rve —No 2 68'-®69%c. 'Track prices. 24%c rate.) Wheat—No 1 red. 85 0 8 ; 4%c: No. 2 red 84084 1 tC. Corn- No 2 vellow 59% @6oc No. 3 vellow. 58% and 59c: No. 4 vellow. 57' .■ @ 58c. Oats—No. 2 45c: No. 3 white. 43044 c. Seed close Clover —Cash. *8.25. Alsike—Cash. S3.ao. Chicago Futures Range (By United Press) —July 6 —- Prev Wheat — Open. High. Low. Close, close. Julv (old) .88 s * .89% .88% .89% .89% July (new) .88% .89% .88 .89 s .89 Sent (Old* .89 1 2 .SO-* .89U .89*4 .90 1 * Sept. I new) .89% .90% .89 % .89 .90 Dec. ) Old l .90% .91% .90% .91% .91 2 Dec. (new) .90% .91% .90 s .91 .91 Tufv rn ~” 5% -50% .56% .57*4 .57% sept. :::. .'58% .58% .57% .58% .59% Dec 587s .59% .58 7 a .59 .60 Julv (old) .42% .42 s .42 2 -4* 2 -43 s Sept, (old) .43 1 2 .43% -43" .43% Dec. (Old) .44% .44% .44% .44% .44% Dec. (new) .44 % .44 % .44 .44 s .44 s Juh yC 7old> .63% .64% .63% .64% .65% Sept, (old) .66(4 .66% .65% .65% .66 2 Sept, (new) .66 .66 4 .65 2 .65 a -66 4 Dec. (Old) .68 , .68% % 08 .68% Dec. (new) .68% .68% .67% .68 .68 JuK* r, |old) .52% .53% -52% .53% .53j, Sept, (old) .51% .52',* .51s .52 4 •?2 i * Sept. 1 new) .. •• •• •<=% .ot ,* juiv rd_ 6.70 6.67 Sept. 000 6.92 687 6.92 687 Oct 0.00 7.05 700 7.02 7.00 Sec .... 7.20 7.25 7.20 7.25 0.22 Jam 0.35 7.32 Sp r HCS - .70 6.97 jufy :: .. •• p-w 552 Estimate Sugar Production CHICAGO, July 7.—Production of Cuban sugar for the current seasdn to June 30, was estimated by the Export Corporation to be 2.192.720 tons. Mills in operation during that period totaled thirteen, the corporation reported.

NORTH SIDE Rj T 7 Double Feature • Marion Nixon “THE LINE UP* “AS THE EARTH TURNS” S, ln .—Myrna I.n.v, Clark Gable “MANHATTAN ,_ _ ..,, . 42nd at College UPTOWN “COME ON MARINES” “MASSACRE” Sun. Double l eal nre—Gen. Raft “THE TRUMPET BLOWS” Warner Bnxter-Shirley Temple “STAND UP AND CHEER" " ~ 2351 Station St. DP p A KA Double Feature l\ U / *VI Marion Nixon “THE LINE UP” “LAWLESS VALLEY” Sun. —Fee Tracy “I’LL TELL THE WORLD” _ . . 19th and College Cf ra ff ( ev r --I Double Feature Jll allUl U Adolphe Menjou “EASY TO LOVE” “MAN OF ACTION” Sun. Double Feature —Lee Tracy “I LL TELL THE WORLD” Kiehard Arlen “COME ON MARINES” _ Noble at Mao. MECCA M:r “HI NELLIE” “LONE COWBOY” Sun. Double Feature —Rieardo Corte* “BIG SHAKEDOWN” Geo. Kaft-Carole Lombard “BOLERO” Illinois at 3(lth nAPPirkr Double Feature NJrArNrNINxIN Halter Houston “KEEP ’EM ROLLING” “HOLD YOUR MAN” 30th & Northwestern Rr V Double Feature L A Frances Dee “COMING OUT PARTY” “GUN JUSTICE” Run. Double Feature—Frank Buck’s “WILD CARGO” Za*ii Pitt* “THREE ON A HONEYMOON” St. Clair at Ft. Wayne CT n AID Double Feature O I . N-Lr\ll\ Ralph Bellamy “ONE IS GUILTY” “UNCERTAIN LADY” Sun. Double Feat. —Barbara Stanwyck “GAMBLING LADY” Johnny Weissmuller-Maureen O'Sullivan “TARZAN AND HIS MATE” Talbot and 22nd T A Rnl T Double Feature * MLUv I I Lionel Barrymore “THIS SIDE OF HEAVEN” “WILD CARGO” Run. Double Feature —Gen. Raft “THE TRUMPET BLOWS” W. C. Fields “YOU’RE TELLING ME” east~side —— 1352 E. Wash. St. CTp Apvlj) Double Feature 1 •N*' I Spencer Tracy “NOW I’LL TELL” “THIS DAY AND AGE” Sun. Double Feature—Richard Arlen “COME ON MARINES” •Johnnr ** eissmuller-.Maureen O'Sullivan “TARZAN AND HIS MATE” Dearborn at 10th RIV OLI < >*js y,*;,"" “THE TRUMPET BLOWS” “SISTER UNDER THE SKIN” Sun. — Wallace Beery “VIVA VILLA” 7_ . . M 67 F. Wash. St. If V Nfl Double Feature 1 l\ V I • ’ sJ Ken Maynard “TRAIL DRIVE” “WHARF ANGEL” Sun. —Double Feature —Buster f rabbe “YOU’RE TELLING ME” Johnny Wei.smuller-Maureen O'Sullivan “TARZAN .AND HIS MATE”

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FUTURE PRICES UNSETTLED IN NERVOUSTRADE Hedging Pressure Creates Selling: Heavy Rains Are Reported. BY HARMAN W. NICHOLS United Pres* Staff Correspondent CHICAGO. July 7 Grain prices boobed nervously in a rather wide range on the Chicago Board of Trade yesterday when counter influences came to the attention of the trade. Wheat finished unsettled. % cent lower to •% cent higher. Corn was •'% to a cent lower and oats were % to ■% cent lower. A sharp dip followed a rather lame start when cotton and silver prices dropped and heavy rains over the southwest and northwest were reported. There was a good class of buying on the downside, however, and an equally sharp rally ensued. Early sales were based on easiness in the Liverpool market in addition to the other controlling factors. Later hedging pressure brought other sellers into the pits. Grain men. though, reported that wheat actually was selling at a liberal premium over the future with No. 2 hard at Kansas City bringing a substantial price as compared with the December future. Frost was reported overnight in some parts of Manitoba and southern and central Saskatchewan with ice formed at some points and considerable apprehension as to the possible damage was expressed locally and at the Canadian terminals. Wheat in the Canadian northwest was said to be in bloom but the acreage involved in the frost-bitten area was not made known. Reports of heavy rains in parts of lowa, Nebraska and Kansas induced rather liberal selling of coarse grains and at times prices were sharply lower. CHICAGO PRIMARY RECEIPTS —July 6 Bushels Today. Last Week. Wheat 652.000 633.000 Com 390 000 384.000 Oats 2.50,000 90,000

Coral Wagon Wheat City grain elevators are Having 76 rents for No. 2 soft, red wheat’ Otner erafle* on their merits EASTJsIDE _ , . . 4030 E. Kith St. EMERSON “WE RE NOT DRESSING” “FIGHTING CODE’’ Sun. Pnuhle Feature —\Varnr Baxter “STAND IP AND C HEER" Spencer Traey-Jark Oakie “LOOKING FOR TROUBLE” . . .i 2118 E. lenth Hamilton j _ New Jer. at E. Wash. Paramount Vm/rrs 293U~K. 10th St.” Pnuhle Feature • / (lias. Farrell “GIRL WITHOUT A ROOM” “BIG EXECUTIVE” Sun. Pnuhle Feature —.Jnhn Wayne “MAN FROM MONTEREY” Speneer Tracy-Jnhn Bole* “BOTTOMS UP” R/*N w W Family Nile A T Buek .Tone* “WHITE EAGLE” Double Feature —Wallace Ford “WOMAN'S MAN” Eilw. 6. Robinson “DARK HAZARD" SOUTH~SiDE~ ’ Fountain Square Double F'eatnre Koht. Montgomery “MYSTERY OF MR. X” “IMPORTANT WITNESS” Sun. Double Feature—Wallace Beery “VIYA VILLA” Dorothy Stone “SILVER LINING” SANDERS "S'V, “COLLEGE COACH” “TEXAS TORNADO” Sun. Double Feature—James Cagney “JMMIE THE GENT” Victor Mcl.aglen “THE LOST PATROL” ( Double Featnre Wild II dl Marion Nixon “THE LINE UP” “WEST OF THE DIVIDE” Sun. Don. Feat.—Johnny Weissmuller “TARZAN AND HIS MATE” Constance Cummings “CHARMING DECEIVER” ... . , AV A ( Double Feature ** Y N Roland Young “HIS DOUBLE LIFE”. “JAWS OF JUSTICE” .Sun. Double* * ii re —Coll##n Moorn “SOCIAL REGISTER” Duck .lon#n “MAN TRAILER” _ ■ 1129 S. Meridian KOACPX/P t Double Feature Tom Brown “TWO ALONE” “TWO GUN CAVILIARO” Sun. Double Feature—Fay Wray “Countess of Monte Cristo” Vietor Mcl.aglen “THE LOST PATROL” WEST "SIDE ZT 7” 77s _ s . 2540 ~ Mlehfg a n I O I Double Feature “I’LL TELL THE WORLD” “FARGO EXPRESS” .ton. Double F'eat. —Robt. Montgomery “MYSTERY OF MR. X” Fdw. fi . Robinson “DARK HAZARD” W. iVash.ut Belmont BELMONT Rleh'd Barthelmess “MASSACRE” “HONOR OF THE RANGE” Sun. Double Feature—F.arl Carroll'# “MURDER IN THE VANITIES” Bur Kibbe-Arllne MacMahon “THE MERRY FRINKS” S _ . _ _ ~ iu>i wTt Ot h!r Alp Double Feature 1 1 L Vletor Jory "MURDER IN TRINIDAD” SUCCESS AT ANY PRICE” Sun. Double Feature—Speneer Traey “NOW I LL TELL” George Ariis* “HOUSE OF ROTHSCHILD”