Indianapolis Times, Volume 46, Number 50, Indianapolis, Marion County, 9 July 1934 — Page 8

PAGE 8

STOCK PRICES IRREGULAR IN NARROW RANGE Tickers Barely Move as Market Hits Dullest Pace of Year. RV ELMER C. WAITER liiilM Pr* iff forrupondfiit NEW YORK July 9.—Th*> stock market moved at. the dullest pace of the year today—only 180 000 thares being exchanged to 1 o'clock —with price movements irregular. Only here and there was there a feature Sugars moved up for a period and then ln*t part of their earns. Monsanto Chemical. Sterhrg Product* Ommbu* Corporation and a few other individual issues moved out of the rut but there was no trading volume accompanying the price rises At beginning of the fourth hour U. S. Steel held % gain at 38V Chrvsler wa< unchanged at 40' ; and Oeneral Motor* had - earn at 32 '•. Du Pont, after an early fractional gain, had a fractional loss of 90V New York Central was unchanged at 28 and Atchison was ' better at 61V Consolidated Gas dropped S to 33 V Money and Exchange INDIANAPOLIS rank CLFNRINC.s —July 9 Clearings *2 w eon oo Debits 5.276 000 00 FOREIGN EXCHANGE Bv Abbott. Hopp:n & Co.i —July 7 Clow. Sterling England *5 04% Franc. Franca 0059 Lira. Italy nasa % Belgias. Belgium 2337 Marie. Germany .3831 Guildr. Holland .*778 Peseta. Spain .17*7 Krone Norway 2535 Krone Denmark 22*7 Yen. Japan .. - 2992 Treasury Statement 'Bv Un'ed Pr- *> WASHINGTON Jul\ • Government expense- ar.d receipt* for she current ft*cai vear to Julv * compared iih the corresponding period of the previous fiscal year. This year La -t year Expense* . | 107 507.1** 77 *ll2 407 *32 27 Receipt? . 58 054 *OS 44 77 710 799 *4 Deficit 45.452 3*3 33 73.098.832.43 Cash balance 2 *4* 579 9V5 *2 Investment Trust Shares (By Abbo’t. Hopptn & Cos.) —July 7 Bid. Ask American Bank S’ncks Corp.. 109 1 14 American o. General Sec A .. 400 550 American A- Inv Tr Sh 1 75 Basic Industry Shares 3.18 .... British Type Inv Tr Sh . .. 78 .45 Collateral Trustee Shares A . 455 Corporate Trust Shares told' 19* 200 Corporate Trust Share- meal 22* 2.30 Cumulative Trust Shares 3 8* ] Diversified Trust Shares A ... *25 Diversified Trust Shares B ... 760 780 Diversified Trust Shares C—. 3.01 3 06 Diversified Trust Sharrs n ... 4*B 473 First Insurance Stock Corp . 7* .8* First Common Stock Corp .... ** .70 , Fixed Trust Oil Shares A.... 7to Fundamental Inv Inc .... 174 2.14 Fixed Trust Oil Shares B .... *9O Incorporators Investments .... 17 30 17.55 Land Bank Bond Shares 1 1* 1 29 i Low Priced Trust Shares .... 575 5*5 Mass Inv Trust Shares 18 *9 20 32 Nation Wide Securities ... 329 335 i North Am Trust Shares -5.3' 1 *3 No Amer Trust Shares iSS-56> 270 234 North Am Trust Shares .Sg, . 228 2.72: Selected American Shares 1 15 1.24 Selected American Shares Inc 247 .... I Selected Cumulative Shares .. 644 Selec’ed Income Share.s ... 333 3.75 S'd American Trust Shares A 28* 290 | Trus Shares of America .... 275 280 t Tr.-. tee Std Oil A 542 .5 47 ] Trustee S'd Oil B 500 5.10 i t’ S Electric Lt A Par A ... 12 32 12 *2 Universal Trust Shares 2.32 2.37 ; New York Bank Stocks IB' Abbott. Hoppm & Co.i —July 7. Bid. Ask Bankers . *3 63% Brooklyn Tr • 98 102 Central Hanover 126% 127% Chase National 27 w 28 Chemical 39S 40 National Citv 27 % 28 Corn Exchange 50’, 51’, Continental . 13', 13% Empire 18’, 19 ! First National 1*25 1 635 Guaranty .. 355% 357% Irvine 16% 1"% Manhatten A- Cos 29’, 30t, Manufacturers 21'* 21% New York Trust 106 106’, Public 33% 34 a WARD SALES IN JUNE SHOW HUGE INCREASE Advance of 19.81 Ter Cent Reported Over Previous Month. By T’mes Special CHICAGO July 9. The Mont- - gomerv Ward A- Cos., for the month of June, reported sales totaling $19,266,336 as compared with sl*,103.960 in June of the previous year. Sales for the month represent an increase of approximately $3,162.776. or 19 64 per cent. For the first five months of the present year, starting with February. sales amounted to $9,807,348. This compares with $68,412,223 for the same period a year ago, and an increase of $26.3rvi25. or 38.98 per rent according to Sewell L. Avery, president. HOOK T S TO OPEN NEW DRUG STORE IN CITY Three Story a™ l Basement Site Acquired by Concern. Anew Hook drug store will be opened within a month at the northwest corner of Washington and Delaware streets, it was announced today. The property is a part of the former site of Goldstein Brokers department store. The drug company has acquired there floors and basement on the corner wuh frontage of thirty-three feet on Washington street and a depth of eighty feet cn Delaware street. dodge sales higher Deliveries Increase 76 Per Cent Over Last Year. T IM .'pectnl CHICAGO. July 9 76 per cent m the first six months of the year, over the same period of last year were registered m the retail sale of Dodge dealers. A total of 122620 passenger cars and trucks were delivered. Chrysler retail sales for the sar ■ period were 46 9 per cent higher, while deliveries amounted to 72.962 units. steel shipments gain Substantial Increase Oxer May Output Estimated. By Ttmn Sjtwtai CHICAGO. July 9. June shipments of finished steel products by the United States Steel Corporation are estimated to be the largest f~r any single month since 1931. f Providing that the estimate by eloe* observers of the industry prove* correct, the report of the corporation next Wednesday, will a-splay a substantial increase over thfi 7*6,064 tons shipped in May.

—New York Stocks —

—t—t—*— —— ““—' ——^———— , Bt Abbott. Hoopla <fe Co.i AVERAGE STOCK PRICES FOR SATURDAY Net High. Low. Close, change. Thirty industrials 97.46 96.9" 97.1.9 —.17 Twenty rails *3“9 1 3 -’ 1 43.57 + .02 Twenty utilities 23.85 23.75 23.77 .09 Forty bonds •••• •••• 91.62 —.OB Ten first rails .... 101.60 -.15 Ten second rails *••• 81.25 -.20 Ten utilities .... .... 98.46 .01 Ten industrials •••• •••• 97.19 —.Ol - Off. - Up.

Fr*v. High. Lo* Cio* cio** Oils— Amershs o' At. Rfg 25 . ■ Bxrr.'dall ... 7"s 7’, Con*ol Oil lb’* 10’. Cont of D; 13 * 19’, Houston *o,<li .. .. ... •• 20 Indian Pfg 2’. M and Cor.t Pet 13 Ohio Oil 11 I Pt Corp ..... .. ... ... 10'j i Phillips Pet 17'2 P.r* Oil 10'. 10', Sbd O i 31 , ! Shell Cn * A ; Sor v>- 1' I*', ! S O of e! 34', S O of N J 44’, S-.r. Oil 61 ’* Texas Corp 23’, 23’, Tide.*>r A"n .. ... . l2' Un Oil of Cal 16' 3 ... steel,— Am Pa.. Mill’ . 19', II 19 19 Rr-h RWI 33’, 33’, 33 4 334 Col Fuel A- Iron . ■ - ■ • 5 L’ldlum S'eel . . 13’, N,v S'eel . 41' a 41’, 41-a 41 1 2 1 O’is S'eel ... . 5 5 Rp Iron A- Stl 16’s ; C S S'eel 39’, 33’, 39 4 39’, ! V S R*ee; pfd ... 84*2 Yo ing-- nS t T 20’, 20-, Motors— Auburn 24 Chrv’ler 40', 40' 2 Oert Motors 32 32 o*r. Motnr pfd .. ... .• 102 j Graham Mot 24 24 i Hudson 94 i Hupp ...... ... 34 34 k • 264 Nih ... I*’ Packard 3’, 3’, . S'-idebaker 4 44 Yellow Tr’iek .... ... ... 44 Motor Arress—Bendix 134 Bohr. Al'im . .. ... 514 Borg Warner 22 4 Rr.gg* I 7 ', F.;dd Wheel 34 Eaton MfE . . .. ... 16’ 2 164 Eier A'lto Lite . .. ... 214 21 Hotidaille A .... .. ... ... 4 Mullins Mfg 114 M'irrv Bodv gtei Warner 6’, Timken Det Ax. .. 64 Mining— Alaska Jin .... .. ... 214 21’, Am Metals 23 234 Am Smelt 414 414 Anaconda 14-, Orro De Pasco • 414 Dome M.n*' . 434 434 43', 434 Hone So’ind ... 54 4 54 4 In- Copper 254 26 Kennecott Cop .. ... 214 214 Nnranda Cop ... .. ... ... 44', Park Utah 44 Thelps Dodge l‘ V S Smelters .. .. ... ... 126 , Vanadium —. .. ... ... 21 , Amusements— Crosley Radi ..... 154 Loews Inc ... •• 284 Radio Corp ... 6 * RKO 24 Warner Bros ..... ... 5 Tobacco., — Am Tobacco A 75 75 Am Tnbarro B <7 , ]7 , Gen Cigars 42 42 L;gg A Mvers B 96’, 96’, lorillard J" Reynolds Tob B 5* 4 56'., Rails— Atchison 61', 61 Can Par 144 14 Ch A- Ohio 47', 47 C M St P pfd 74 Chi N W 84 IV.a A- Hud 55 r>; Lac A W 234 Grt Nor pfd *1 ’ 111 Central 24 24 , Lou A- Nash 5*4 M K A- T *4 M K * T pfd 22 2 oM Par 3 N Y Cent -8 N Y Ont A- West * ... Norfolk A- W*s. 181 Nor Par . 234 23 4 Tenn R R -- 304 30> 30 4 30 4 Reading • • ij9 Sou Tar 24 23 , 24 -*. Sou R R 23'* 23-, Sou R R Pfd • 29-4 Union Tac 120 120 West Marvland.. .. ... ••• U * Equipments— Am Loco ... .. ••• ••• 234 Am Steel Fdv }’, Ba'.d Loco *6 * Cave J I S2 Cater Tract ■ Gen Am Tk Car - y',* Gen Tier 19% 19 , 19 , 19, Gen R R Sig . 34 4 33 4 344 334 !ncnl Rand "** Int Harvester 32 32, Natl Cash Reg. J* * Pullman Inc 48 48 Rem Rand IJJ' * West Air „ ‘. 2 Westingh Elec 37 36 , Utilities— Am A- For Put 8 4 B'■ Am Power ~= 8 A T A- T !*^ Am Wat Wks • J 4 20 Col Gas A- Elec 144 13’, 144 134 Com A- Sou 24 24 Consol Gas 344 34 , Eler Pwr A- Lit s’, . E P A L Pfd 124 int TA t 124 124 Lou G & E 'A* 15 * Nat Pwr A- Lit J”' - * Nor'h Amer Pub Serv N J 3* 35-, So Cal Edison I 6 *

Bright Spots 'B AO Pott. Hoootn % Cos I

G*n*r*l Baking Company rfectaras a and- irtrnrt of 64 a share on the preferred -tor* and .50 cents a share on the common stock, both payable July 23. of record July 16. Baltimore * Ohio Railroad Company rarloadings for the month of June totaled 1R4.444 cars of reeune freight as compared with 163.736 in May and 170,;.M for June. 11*33. Canadian car loadings for the week ending June 30 numbered 46 *46 cars, an increase of 2 203 cars over the previous tek and 11.356 cars over the like week of 1933. Pi-tillers corporation for the twelve mon-h; ended May 15. reports a profit o' t; 140 621 after expenses and debenture interes- seams’ *1.724.128 for the preceding twelve months. Pioneer Gold Mining _ Company June earnings amounted to 6259.200 and profir aft*- expenses was 6190 100. but before depirelation depletion and taxes In May gro earnings were 5259.500 and profit. 6187.100. Chicago, Burlington * Quince Railroad Compane, handled 71.166 cars in week ended June 30. against 19.761 the previous week and ‘20.57 4 for the like week a vear ago. Standard Statistics estimates that Shrrwm Williams Company will earn about t so a for ’he vear ending Aug. 31 L as . ve* r the earnings amounted to $3 54 a share. In the Cotton Markets —July 7 CHICAGO High. Low C’.ose January 12 31 12.28 12.30 Mav 12 50 July 11.98 October 12 14 12 08 12.11 December ..... .. 12 27 12 24 12.25 NEW YORK T sr :ary 12 26 12 25 12 23 March 12 98 12 33 12.34 i Mav 12 45 12 42 12 42 lju’v .. 11 83 11 67 11 68 Pc-Ober 12 09 12 03 12 05 December 12 33 12.18 12 19 NEW ORLEANS ' Tanuary . 12 26 March 12 34 12 33 12 33 Mav 12 41 Julv 11 62 11.7 R 11.82 October 13.08 13.80 12 04 December 12 20 13.13 12.19 Retail Coal Prices The following prices represent Quotations from leading Indianapolis coal dealers A cash discount of 25 cents per top is allowed Domestic Retail Prices Ar.-b.racite *l3 50 Brazil lump 6 00 Brazil egg 5.50 Brazil mine run 5.25 Coke, nut size 8 25 Coke, egg size 825 : Indiana forked lump 6 00 i Indiana eeg 5.75 : Krnturkr lump 7 00 j Pocahontas lump 800 i Pocahontas egg 800 . Pocahontas forked lump 900 Pocahon’as mine run 725 1 New River smoke.ess SCO ! West Virginia lump 675 West Virginia egg 650 Island Creek .. 700 Ex-ra charge of 50c a ton for wheeling coal, and *1 a ton for coal carried to bin Rond Offerings Higher 8y Time* Spmal CHICAGO, July 9.—Bond offerings for the week totaled $88.163.000 compared with $57,930,000 for last week and $36,680,000 for the same week ok Jml }'£&r, _

' Std Gas 104 104 104 ... B<d Gas pfd . . . . . 111, .. United Corp ... ... 54 Un Gas Imp . .. 164 Western Union 44 4 Rubbers— Goodrirh ... ... 124 : Goodvea r 264 Kc Bp Ing 24 U 8 Rubber pfd. .. ... ... 44 Misrellaneous— Am Bank Nb'e 214 Am Can 98 4 Brklvn Man Tr ... 93 Conti Can ... ... ... 79 Curtis Pub pfd ... ... ... 81’, Eartman Kodak 984 Gii>'*e 114 114 ll'. 11 Glidden 24 4 J Food*— j Am Sugar 67 6* Armour A 54 54 Borden Prod ... 26’, 26’, ; Cal Parking - - 32’, i Coca Cola .. ... Corn Prod 67’, Crm of Wheat ... ... 33 Cuban Am Sugar 84 84 Gen Foods 304 Gold Dust 20 4 204 G W Sugar 344 344 Loose Wiles ... ... 414 WEEK’S FREIGHT TRAFFIC CLIMBS Shipment Amount, 644,572 Cars, New High for Current Year. B’/ 7 ime* Sfirrinl CHICAGO. July 9. Railroad traffic during the week -iding June 80 amounted to 644,572 cars, anew high for the current year, according to the American Railway Association. This was an increase of 22,700 cars over the preceding week, and 18.799 over the previous 1934 high record made in March. The increase also doubles the average gain | shown at the close of June for the past ten years. Shipments of coal during the week amounted to 106.227 cars, an I increase of 9,108 over the preceding week, and a decrease of 7.728 below the same week of 1933, according to the report. The sharp increase in loadings over the preceding year was attributed greatly to heavy movement of grain during the last few weeks. Grain and grain products shipped during the week totaled 43,051 cars, an increase of approximately ?"2 above the preceding week. It was also announced by the association that loading during the first twenty-six weeks of the current year amounted to 15,400.331 cars, an increase of 2.056.031 above 1933 and 1.292.511 over 1932. Produce Markets Drllvored In Indianapolis prices: Heavy hens 10c Leghorn hens. 7c 1934 broilers 2 lbs. and over. 16c: Leghorn broilers 14 to 2 lbs. and over. 14c bareback broilers lie; old roosters. 4c; ducks and geese. 3c: voung guineas. IVa to 3 lbs.. 20c: old guineas. 15c: No. 1 strictly fresh country run eggs, loss off 11c. Each full l rase must, weight 65 lbs. gross: a deduction of 10 cents a pound for each pound i under 55 !bs. will be made. Butter—No. 1. 27 Ti 28c; No. 2. 25 <5 26c. Butterfat. 22c: Quoted bv Wadlev Company ißv Uni'ed Presst ! CHICAGO. Julv 9—Eggs—Market, firm: receipts. 8.18.3 cases, extra firsts. 14’,c: fresh graded firsts. 14c: current receipts. 1211130: dirties No. 1. 114 c: No. 2. 104 c: rherks No. 1 lie: No. 2. 104 c. ButterMarket steady: receipts. 14.473 tubs: extra firsts ‘9O-914- score 1. 22 4 41224 c: extra 192 score 423 4c; firsts iSB-89 4 score'. 214 4i 214 r; seconds 'B6-874 score'. 204 t 204 c: specials. 2441244 c: standards. 234 c. Poultrv Market, easy: receipts. 36 trucks. 1 car: hens. Leghorn. B'u94c: White Rock frvers. 224 c: colored. 184 c: Plymouth Rock. 224 c; colored broilers. 18e; spring geese, 11c: turkeys. 14c; old roosters 9c Leghorn broilers. 1244/ 14r; old ducks, small. 8c heavy spring. 14c: springers, colored. 21c: Rock. 23’ 2 c: Leghorns. 94c; hens. 13c. Cheese—Twins. 1244? 124 c: Longhorns. 134? 134 c: Daieis. 134? 134 c. Potatoes—Supply moderate: demand and trading moderate: market steady to weak; Triumphs. Idaho. $2: Louisiana *1.50; North Carolina, $1,854? 190: Arkansas. *1.75; Cobblers. Idaho. *1 55: North Carolina showing decay. *1.20 r) i 35; Virginia. *1.154/ 1.25; Virginia barrels. *2.40. Arrivals, 155; on track. 365; shipments Saturdav. 1.294: Sunday. 55. NEW YORK. Julv 9.—Potatoes—Dull: Lone Island 50c4i51.88 barrel. Sweet potatoes firm: Jersey basket. 75c4i52.50. Flour—Dull: springs; patents. *6 754? 7 barrel. Pork Steady; mess. *19.12! barrel ! Lard Quiet: middle west spot. *4.554 465 a 100 lbs. Dressed poultry—Steady; uirkevs. 12u27r: chickens. 84? 27c: broili ers 174?27c. capons. 254/ 35c; fowls. 104? , 18c: ducks 134? 14c: Long Island ducks. |’.34 15c Live poultry Nominal. Cheese —Easv state whole milk fancy to specials. 184? 19c. Butter —Receipts. 7.238 (packages; market. easier; creamery higher than extras. 244G25c: extra. 92 ; =core 24c first. 90-91 score 2344723’,c: first 88-89 score. 234? 234 c: seconds. 224 vj 224 c centralized. 90 score. 234 c: centralized 88-89 score 234? 234 c: centralized. 84-87 score 2244,224 c Eggs - Receipts. 16 847 cases market, steady: special packs including unusual henerv selections. 174 4? 21c; standards. 1644, 17c: firsts. 15 44? 4.54 c seconds 1444? 15c: mediums. 1444 t ; i44c: dirties. 1444? 144 c: checks. 13 a- ! 13 1 ■ CLEVELAND. Julv 9.—Butter—Market, steady; extras. 274 c: standards. 274 c. Eggs Market, steady extra white. 144 c; (current receipts. 134 c. Poultry—Market, i firm colored fowls. 4 4 lbs. and up. 16c: i old roosters. 9c. ducks, white, 5 lbs. and up. 15c. Potatoes—Virginia, *2.25 per barrel. On Commission Row —July 9 Apples—Fancy Delicious. $2.50; Transpaients. *2.50. Blackberries—24-qt crate. *2 50. i Cherries Home grown. 16-qt, crate, *1 50 Oranges—California. Sunkist. $5,254/ ss SO Valencies $4 754i5 25 Lemons —Sunkist. *6 254) 6 75. Grapefruit—Florida seedless. $4.50. Raspberries—Southern Indiana black. 24-pt. crate. $1 50; red. s2'§2 50 Cantaloupes—California jumbos, 4,-s. *4 25 standards. S3 75. Honevballs, *4.50. Tears— Calavos. *3.50 per box Watermelons— Florida Watsons, 30-lb. averages. 75c Bananas —Per pound. sc. —Vegetables— Sweet Corn —Alabama. 5-dozen crate, $1 50 Cabbage- Home grown, bushel. 85c. Celerv Michigan, flat boxes. $125: medium. dO7 . 60c , Onions—Texas yellow, 50-lb. bag. $1 <5. ! Po-a:ops—Rural New York. 100-lb. bag. *1 65 Colorado McClures. $1.50: Idaho Russets. 100-;b. bag. $2 25; new Texas Triumphs, *2. . . . . . Sweet Potatoes—New Alabama, bushel. *2 75 Beans— Round stnngless. $125. Beets—New. 30c a dozen. Carrots—Home grown, bushel. $2: doz.. I ! 35c. Cauhflewer—Homegrown, bushel. *2 50. Le'-uce—Outdoor. 15-lb. basket. 85c; iceberg best. $4 25 a crate. Peas—lndiana. $1 50 i Radishes—Home grown buttons, large bunch. 35c I Rhubarb—Home grown, dozen. 30c. Spinach—Home grown bushel. Rsc. Tomatoes— Ho'house. 10-lb basset. 11; original Tenn.. 30-lb. lug. $2. CHICAGO FRUIT MXRKET ißv United Press • CHICAGO Julv 9 —Fruit and vegetables: Apples—lllinois Transparen's Carrots-California. $24/2 50 crates. Cucumbers- Ho'house SI u 2 2 doc to box'. Illinois bushel. 750*125 Tomatoes Texas *1 90 .-2 25 lug box Sweet potatoes —Tennessee *2 bushel hampers. Mushrooms Illinois 25'u 40c lb cartons ■. A'Parabus Illinois 75c4)5125 crates Strawberries -California. $1,254? 1.50 's2 pis. i Peaches Georgia. $1154/140 rushel Red aspberries—Michigan. sl3? : 2 24 p's Lefuce—California $2 7s •> 325 crates Beans-Eastern green. $l4O bushel Onion market 50-lb. sacks Texas wh.-es $24)2 10. California. $2 '? 2 10: California yellows. sllO4ll 20. Nexv Agreement Reached By Time, Spect'ol NEW YORK. July 9—An agreement between Cuba and the United States whereby the tariff on the importation of sugar into this country will be reduced 50 per cent, the maximum permitted by law, has been agreed upon by the two government*, *

THE INDIANAPOLIS TIMES

I Natl Biscuit .... . .. . 34’, Natl D Prod . 184 184 184 184 S Porto Rico S . .. ... 354 35', Std Brands 204 21 Ur. B:scuit 244 First Natl Stores . 65 Hahn Dept Sts s’, . Kresge S S 19 Kroger Groc 31’, 314 Macv R H 41’, 414 Mont Ward 284 28 23 23 Nat! Tea 12 Pernv J C 584 Safeway St ... 504 S-ars Robuck . . 42’, | Woolworth 43", 43’, 43 4 50 Aviation— Aviation Corp 54 Curtiss Wright 34 34 Douglas Air ... .. 194 Nor Am Av 4 4 44 Speerv Corp 84 8 4 United Aircraft 17’, Chemieal— Air Reduction ... 994 Allied Chem 135 Col Carbon 73 4 .Com Solvents 21 4 22 4 1 Dupont 904 904 I Freeport Tex 324 Math Alkali 324 Montosonta Ch. . . 524 Natl Dis 'new) 23 4 23 4 23 4 23 4 ; Schenlev Dist ... ... . 27 4 Tex Gulf Sulph 33 4 33 4 Union Carbide 44 4 Drug,— Cotv Inc ... 6 54 Lambert . . 264 Un Drug 154 154 154 154 Zonite Prod 54 54 Financial— Adams Exp 84 84 Allegheny Corp 2’, 24 i Am Int Corp ... 7’, 7’, Lehman Corp... . .. 71 704 Transamerica .. 64 64 64 64 Tr Conti Corp 4’, Building— Am Radiator 144 14 144 14 Int Cement . 26 Johns Manville .. ... 524 53 4 Libbv Owens Gls .. ... 314 314 Household— Col Pal Peet. 154 154 oCngoleum 27 4 27 4 Kelvinator ... 164 Froc <t Gamble 364 Simmons Bed 16 Textiles— Amer Woolen 10’, ... Bolding Hem 124 . Celanese Corp . 26 4 Collins Aikman. 154 154 Gotham Hose ... 8 Indus Rayon 25 4 New York Curb tßy Abbott. Hoppin & Cos.) —July 7 Close Close. Am Cyanide B 184 Gulf Oil of Pa.. 644 Am Gas A? El . 274 Hud Bav Min.. 134 Am Superpower 24 Humble Oil ... 414 Ass Gas ft El.. 4 Imperial Oil L 14’, Atlas Corp ... 10Vint Petrol 274 Can Marc .. .. 24 Lake Shore Min 54 Carrier Corp... 74 Natl Bellas Hess 3',4 Cities Serv .. 24 Newmont Min.. 52 Commonw'th E 564 Nia Hud Pwt.. 54 Con Gas of B 67’, Penn Road .... 24 Cord Corp ... 34 Sr Regis Paper.. 24 Creole Petrol .. 124 Sherwin Wms .. 714 Distillers Corp. 154 Std of Ind 274 Dow Chem . 70 Stutz Mfs .. . 164 El Bond A? Sh.. 154 Teck Hughes G. 7 Gen Aviation .. 5 Un Gas 2 4 Glen Alden Coal 214 Wright Harg M 94

Chicago Stocks (Bv Abbott hopdid <fe Co.i

—July 9 - High. Low. 11:30. Asbestos Mftr ... 2% Bastian-Blessing ... 5 Butler Bros 9% 9% 9% Berghoff . ... 6 Cent & So West .. \ Chicago Corp com 2% 2 2 Cities Service ... 2 Cord Corp ... 3% Middle West Utilities .... ... % Noblitt Sparks Ind Inc • ... 12% Prime. Cos 4% 4 4 Quaker Oats 119% 119 119% Swift fi Cos 17% 17% 17% Swift Internacional 30% Utility & Ind ... 1

Bond Prices

” Bv Fenner tz Beane' —July 9. High. Low. 10:30 Alleg Corp 5s 'SO 35 B&O cv 4%s '6O 66 Beth Steel 5s A ’36 103% Can Pac 4s '57 . 83% ChMStFA-P adi 5sA 2000 12% 12% 12% ChMStP&P rs 5s A ’75 38 Erie RR rs 5s '67 74% Goodvear 5s ’57 102 101% 101% Gt Nor 4%s D '76 . 77% Gt Nor 7s A '36 95 94% 95 Interboro RT 5s ’66 .... ... 71% Lorillard 7s '44 . . 123% McKess&Robb 5%s 's(l . 82% 82 'i 82', Nat Dairv db 5%s '4B 98% NY Cent 4%s O 2013 .... .. 74 Para Pub 5%s 50 .... 49 48% 48% Penn RR 4%s D 'Bl .. 97% Poland 7s 47 ...113% 113% 113% Sin Cons 6%s B ’3B 104% Texas Corp 5s '44 ... 103% Tob Pr NJ 6%s 2022 . 106% Un Pac Ist 4s '47 106% 106% 106% Western Un 5s ’sl ... 86% U. S. Government Bonds ißy United Press) NEW YORK, July 7.—Closing Liberties. (Decimals Represent 32nds.) —Liberties— First 4', s (32-47) 103.28 Fourth 4Us (33-38) 103.25 —Treasury—4'Us. 3Us (45) 104 8 3% s )43-47) 104.28 3%S (41-43). March 105 8 3%s 140-43). June 105.17 3%s (4.3) 105.10 3' sS 146-49) 102.31 3S (51-55) 101.30 FEDERAL FARM LOAN BONDS (By Blyth fz Cos.. Inc.) —July 7 t Bid. Ask. 4s Julv 1. 1946-44 I.OOU 100% 4s Nov. 1..1957-37 99% 100% 4s May 1. 1958-38 99% 100% 4US July 1, 1956-36 100% 100% 4%s Jan. 1. 1957-37 100% 100% 4Us May 1. 1957-37 100% 100’, 4%S Nov 1. 1958-38 101% 102', 4%s May 1. 1942-32 100% 100% 4%'S Jan. 1. 1943-33 100% 100% 4%s Jan. 1. 1953-33. 100% 100% 4%s Julv 1, 1953-33. 100% 100% 4%s aJri. 1. 1955-35 100% 100% 4%s Jan. 1. 1956-36 101 102 5s May 1, 1941-31 101 101% 5s Nov. 1. 1941-31 101 101% —Home Loan--45 July 1. 1951 100.16 100.21 —Federal Farm Mortgage Corporation—3Us March 15, 1964-44 .... 101.18 101.23 5. S. KRESGE COMPANY JUNE SALES INCREASE Transactions Gain 11.8 Per Cent Over Same 1033 Month. By Times Special CHICAGO, July 9.—Sales of the 6. S. Kresge Company in June were reported at $11,522,566, an increase of 11.8 per cent over the corresponding month of last year, when the totcl was $10,304,867. Sales of the company during May amounted to $11,680,348, a gain of 17.49 per cent compared with the 1933 month. During the first six months of the current year, sales of the company aggregated $63,291,643, against $54,726.073 for the same period of the previous year, an increase of 15.6 per cent. Stores operated by the company at the end of June numbered 723, compared with 718 in 1933. POLITICS FLAYED IN FEDERAL PICNIC TALK Government Workers Told Jobs Depend on Merit. Taxpayers will not get their money's worth unless all government workers obtain and hold their jobs through merit and not politics, Luther C. Steward, president of the National Federation of Federal Employes, told participants in the second annual p cnic of Indianapolis local No. 78 at Longacre park last night. U. S. DOLLAR STRONG British Pound ValueVd ai $5.04% in American Currency. By United t'rers LONDON. July 9—The dollar was slightly stronger today. The pound was $5.04%. Gold was unchanged at $34 78. with the sterling rate 137 shillings 11% pence, up one penny. Saturday's price was fixed with the pound at $5.04%. PARIS. July 9.—The dollar was fractionally stronger today, j’rancs were 15.16% to the dollar (6.594 cents a franc!.

SWINE MARKET 10 TOl5 CENTS LOWERJN CITY Cattle and Vealers Hold Steady; Sheep Prices Unchanged. Trading of hogs at the Indianapolis Stock Yards was only fairly active today with prices ranging generally 10 to 15 cents lower than Saturday’s market. Swine receipts numbered 8.000 and holdovers totaled 171. Bulk heavier weights brought prices ranging between $4.80 and $4.90 with a few of the best bringing as much as $4.95. Medium weights sold at 54.60 to $4.70 and lighter weights at $3.50 to $4.00. A few light lights were disbursed at $2.75 to $3.25 and packing sows brought traders $3.50 to 54.25. The cattle market was a little more active and prices continued fully steady with the previous session. The receipts which numbered 900 were composed mostly of common and medium steers which brought prices ranging between $3.00 and $6.40. Choice heifers brought around $7.25 with the bulk cows selling at $2.75 to $4.00. Low cutters and cutters ranged between $1.50 and $2.50. Vealers also held steady, with prices ranging from $5 down. Receipts were 700 Little change was denoted in the sheep market, good ewe and wether lambs selling largely around SB.OO. Bucks were priced at $7.00 and ranged downward to between $5 and $6.50. Slaughter sheep sold at $1.50 to $2.50 and yearling ewes ranged up to $6.00. Sheep receipts totaled 900. Hog receipts at Chicago today numbered 28.000, including 10,000 direct. No early bids were received, but sellers were asking prices steady with Friday's average, while buying interest talked mostly of weak to lower prices. Cattle receipts were 22.000 and calves 6.000 with the market holding steady. Sheep market was also steady with receipts numbering 15,000. July Bulk. Top. Receipts. 2. $4,604? 4.75 4.90 8.500 3 4.651/ 4.75 5.00 6.000 5. 4.704? 4.85 5.00 6.500 6. 4.554/ 4.70 4.90 7.500 7. 4.70 ft 4.85 5.00 2.000 9. 4.804?. 4.90 4.95 8,000 Market Lower (140-160) Good and choice ...$ 3.75® 4.00 —Light Weights—f 160-1801 Good and choice ... 4.604? 4.65 1180-200) Good and choice ... 4.70® 4.75 —Medium Weights—-'2oo-2201 Good and choice ... 4.804? 4.85 (220-250) Good and choice ... 4.854i 4.95 —Heavy Weights—-(2so-290) Good and choice ... 4.854? 4.95 (290-3501 Good and choice ... 4.804?. 4.90 —Packing Sows—(2so down I Good 3.854? 4.35 lbs.) Good 3.754? 4.00 (All weights) Medium 3.50® 3.85 —Slaughter Pigs—-(loo-130) Good and choice ... 2.75@ 3.25 CATTLE Receipts, 900; Market, Steady. Good and choice $ 6.504? 9.00 Common and medium 3.254? 7.00 (1.100-1,5001-Good and choice 7 00® 9.50 Common and medium 5.504? 7.75 (675-750) Good and choice 5.504?: 7.00 Common and medium 3.00® 5.50 (750-900) Good and choice 5.504? 7.25 Common and medium 3.00® 5.50 —Cows— Good 3.504? 4.25 Common and medium 2.50® 3.50 Low cutter and medium .. . 1.504? 2.50 Bulls lyearlings excluded) Good (beef steers) 2.50® 3.50 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts, 70(1; Market, Steady. Good and choice $ 4.50® 5.00 Medium 3.004? 4.50 Cull and common 2.00® 3.00 —Calves— Good and choice 4 504? 5.50 Common and medium 2.50® 4.50 —Feeder and Stocker Cattle — Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 (800-1.500 > Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 900; Market, Steady. (Shorn Basis) Spring lambs, good At choice S 7,75® 8.25 (90-110 lbs.l 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 I.oo® 2.00 Other Livestock (By United Press) CHICAGO. July 9.—Hogs—Receipts. 28 - 000, including 13.000 directs: moderately active: weak to 10c lower than Fridav; packing sows steady; 220-340 lbs.. $4.75® 4.50: top. $4.90: 170-210 lbs., $4.10® 4.75; light lights. $3,504( 4; pigs. $2.50??/3; packing SOWS, $3,754/ 4.15: light, lights. 140-160 lbs., good and choice. $3,254/4.10; lightweights, 160-200 lbs., good and choice, *3.904/4.70; medium weights, 200-250 lbs., good and choice, $4.50??/ 4.90: heavyweights, 250-350 lbs., good and choice. $4.754? 4.90: packing sows. 275-550 lbs., medium and choice. 53.504? 4.25: slaughter pigs. 100-130 lbs., good and choice. $2,504/3.25. Cattle— Receipts. 22.000: calves, 6.000: fed steers and yearlings weak to 25c lower; mostly 15® 25c ofT: largely steers and yearling run: light offerings predominating, but beef tonnage liberal: early to weighty steers, *10.25; most sales, sf®9; yearling heifers fully steady, best $7.25; mixed offerings, $7.50: cows steady to weak: bulls strong: vealers weak: Stockers and feeders and common killing steers relatively scarce; slaughter cattle and vealers: Steers. 550900 lbs., good and choice. $5,754/8.25: 9001.100 lbs., good and choice. $6??/9.50: 1,1001.300 lbs. good and choice. 56.50® 10.40: 1.300-1.500 lbs., good and choice. $7.50® 10.40: 550-1.30 lbs., common and medium, $2.75® 7.50; heifers. 550-750 lbs., good and choice. $5,254/7; common and medium. $2,251/ 5.25: cows. good. $3,754/5: common and medium, $2,504/3.75; low cutter and cutter cows. $1,254/2.50: bulls, yearlings excluded, good. beef. $3 254/ 4; cutter, common and medium. 52.254? 3.65: vealers. good and choice. $4.50® 6: medium, $3,504? 4 50: cull and common. $2.504/3.50: stocker and feeder cattle: Steers. 550-1.050 lbs., good and choice s4® 5.50: common and medium. $2,504/4. Sheep—Receipts. 15.000: v lambs and yearlings opening slow: lower bids usually refused early; asking steady; talking $8®8.25 on desirable natives; choice westerns and few best natives held around *8.50: sheep steady: few ewes. $1®2.25: slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice. $7,654/8.50; common and medium. *64/ 7.75: ewes. 90-150 lbs., good and choice. *1.504/2.25: all weights, common and medium, 51®1.75. LAFAYETTE. Julv 9.—Hogs—Marker, 10® 15c lower: 250-300 lbs.. $4.80; 300-325 lbs.. $4.70; 220-250 lbs., $4 75; 210-225 lbs. *4.65: 190-200 lbs., $4.60: 180-190 lbs.. *4.55: 175-180 lbs.. *4.45: 160-170 lbs.. $4.35. 150. 160 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 lams. $7: sprinc lambs. $7®7.50. FT. WAYNE. Julv 9 -Hogs—Market. 5 to 10c lower: 250-300 lbs.. $4.80; 200-225 lbs.. $4.65: 180-200 lbs.. $4.55: 160-180 lbs.. *4.45: 300-350 lbs. $4.65:; 150-100 lbs,. *3 60. 140-150 lbs.. $3.35: 130-140 lbs., *3.10: 120-130 lbs.. *2.75; 100-120 lbs.. *2.50: roughs. *3.50; stags, $1 75. Calves. $5; lmbs. $7.50. ■By Times Special) LOUISVILLE. Julv 9—Cattle. 700: demand fairlv broad from local killers: Quality improved: market moderately avtice. fullv steady on slaughter classes: common to medium steers and heifers salable mostly. $3.75® 5; earlv top. $6 for several lots and a load good drvfed vearlings: thin-fleshed grassers in cutter flesh down to around $2.50: bulk plainer grade beef cows. *2.504/3: soringhng better kinds. $3.25®3.50: good heifer tvpes, higher: low cutters and cutters. $1®2.25: sausage bulls mostly $3 down; light Hereford stocker* salabis mostly, $44/4.50: inferior to common natives. $2 25® 3.50 Calves. 800: including sixtv-four stock calves: vealers steadv: bulk better grades. S4?/4 50; few strictly choice handy weights higher, medium and lower grades. $44? 4 50: few strictly choice handv weights, higher; medium and lower grades. $3 50 down Hoes —Receipts. 1.500: including 123 directs: market, steadv with Saturdav or 5c higher than Fridav. top and bulk desirable. 185-275 lbs.. *4.90:: 275 lbs. up $4.20: 160-185 lbs.. $3.90: 145-160 lbs. $3.55: 120-145 lbs. *2 15: sows. *2 65; grassv and unfinished hoes discounted. Sheep—Receipts. 5.000: including 506 stock ewes: r.o earlv trading on lambs: sellers generally asking steady but most earlv bids around 50c lower: bulk better lambs Saturday. SB4/8 50: fat ewes unchanged, bulk sl® 2:: stock ewes moderately active generally steady, bulk salable. $5.50® 7.50 a head. Automobile Production Rises NEW YORK. July 9. A wellsustained retail demand last week stepped automobile production up to 80.936 cars, as compared with 70.330 in the previous week, according to -the Business Trend,

All. Chenical Am. Smelting Am. Can Am. Telephone Am. Tob B Atchison Chrysler Con Gas N. Y. DuPont Goodyear

Market Average a a a Tiventy Active Issues Listed on the N. Y . Stock Exchange.

m Fl* y v. JUNE M W **® * It v 1* fc l* a I ” :n,i , . :.r.i 1 i i--h—"* * : i i——! . ; i..—1... ..j..-. . i ...i, .> : . ! Ii —! _! i . I . . | • ; a i : ! ! ! ; a “til! 1 1 1 > £ 1!1 1 I 1 4 j *:it 1 - 1 — 1—- : 7 i*' ! — 1 . i—--5 1. . . , I 60 i *t| —" - ■ ' I—l iO e" I faQi. r [~ ) 7 i , IZT LULITL-t fy : Frizz* , - , ; ; —i 900 _| L ! I ZL J. j 4 zJhEE-.’ \ \ I"” -tilhrVn ppi 1 '-f— j—if—; —F-i—l ■ g^°° kl.dJilißlillllli 1 lltllr.hntmitiimtlllTlrtirrininiiiii |

.This daily record of the movements of twenty active stocks, averaged, gives a clear view of the market trend. Long pull movements and dally variations are apparent at a glance.

HOLC Loans During Year Near $1,000,000,000 Mark

306,887 Home Mortgages Taken Over by U. S. Corporation. BY NED BROOKS Times Special Financial Writer WASHINGTON, July 9.—Entering its second year of operation, the Home Owners’ Corporation today v.t nearing the billion-dollar mark in loans on homes threatened with foreclosure. About one out of every five home owners in the country has asked to have his mortgage refinanced by the government and the HOLC's task of separating the needy applicants STEEL PRICES TO BE REDUCED $2 A TON June Ingot Output Estimated at 3,015,972 Tons. B;) Tiinf's Special CHICAGO. July 9.—Reduction of $2 a ton in the price of alloy steel bars, both hot rolled and cold finished, alloy steel billets, blooms and slabs will go into effect July 13, according to reports of the American Iron and Steel Institution. Steel ingot production of all companies for the month of June is estimated to reach 3,015.972 tons by the institute. Production for the same period last year totaled 2,564.420 tons. June output was reported to be second highest in any month this year, so far being exceeded only by May when 3,352,695 tons were produced. The June operations percentage to capacity was 52,68 as compared with 45.37 per cent lor the corresponding period of 1933. Steel output of all companies for the first six months of the year was placed at 16,180,889 tons, against 8.874.388 tons for the first six months of last year. HUNT 7IN JAIL BREAK Escaped Prisoners Broke Out of Wisconsin Jail. By United Press MILWAUKEE, July 9.—City and county authorities throughout Wisconsin today were asked to join in a search for seven convicts who sawed their way out of the Milwaukee house of correction and stole two guards’ automobiles to make their getaway. Marriage Licenses Harry Aldridge, 27. of 4926 East Washington' street, radio technician, and Clara Hedding. 21 of 1914 Lexington avenue, stenographer. Howard Wilson. 28. of 811 California street, elevator man, and Ida Taylor, 22, of 448 Bright street, maid. Walter Smith, 23. of 2036 East Maryland street. press operator. and Blondale Tucker. 21, of 2011 Southeastern avenue, housekeeper. Charles McCullough. 39, of 1917 College avenue, cook, and Stelia Forbes, 34, of 6516 Ferguson street, housekeeper. Yorda Kigger. 23, of 1166 West Thirtyfifth street, meat worker, and Emolene Deal. 22. of 1606 English avenue, tinfer. Ralph Rogers. 28, of 652 North Livingston avenue, filling station manager, and Beulah Maier. 24, of 3212 West Michigan street, housekeeper. Howard Flora, 27. Wabash. Ind.. mechanic. and Mary Kantner, 27. of 3209 East Tenth sireet. clerk. Orlando Rodman. 43, of 1222 Cornell avenue, postoffice clerk, and Charlotte Reid. 31, of 1224 Cornell avenue, housekeeper. Norrell Hayes. 21. of 814 Indiana avenue, laborer, and Virginia George, 19, of 319 Minerva street, housekeeper. Births Boys Richard and Eula Doughty. 902 Fdison. Harry and Mary Warrenburg, 1533 East Kellv. Sylvester and Marian Newhausel, 2031 East Maryland. Deaths Marv Louise Shanks. 14. Riley hospital otitis media. George W. Trimble. 70. of 333 North Arlington, chronic mvocarditis. Basil L. Allen. 68. Butler chapel, coronary occlusion. Theresa Frazier. 58. of 406 East Fortyseventh. arteriosclerosis. William Gemmer. 68. of 807 Dawson, arteriosclerosis. Omer Love 47 Central Indiana hospital, general paralvsis. Hattie Harding. 74. of 3720 Brookville road, chronic mvocarditis. Joseph T. Wood. 65. city hospital, arteriosclerosis. Walter W. Miller. 46. of 685 b Ferguson, pulmonary tuberculosis. Adelia M. Mclntosh. 49. Central Indiana hospital, broncho pneumonia. Marv Eurick 73. city hospital, hypostatic pneumonia. Edgar E. Cr;m. 55. Veterans' hospital, carcinoma. Rufus E. Clummins. 53. Veteran's hospital chronic interstitial nephritis. Lucille Fisher. 29. Coleman hospital acute cardiac dilatation. William F Switzer. 75. of 1427 North Delaware, chronic mvocarditis. Barbara Jean Burtram. 1 Riley hospital enteritis. . , One Burton Cor.dit 70. Methodist hospital. chronic mvocarditis. Margaret R. Biggs, 69, of 1950 Ludlow, carcinoma. June Sales Sharply Higher By Times Special CHICAGO. July 9.—June sales of the J. J. Newberry Company totaled $3,407,328. as compared with $2,900,065 for the month of 1933, an increase of 17 ! 2 per cent. For the first six months of 1934 sales totaled $17,676?463 f -

Inti. Harvester Johns-Manville Nat. Biscuit Pub S. of N J. Sears Roebuck Stand of N. J. Un. Aircraft U. S. Steel Union Pacific Westinghouse

from the “chiselers’’ is becoming increasingly difficult. So far the corporation has taken up mortgages on 306,887 homes, giving its bonds in exchange in the sum of $923,416,733. It has, however. received applications totaling $4,441,796, including those already granted, from 1,465,941 home owners. The corporation's total resources are $3.200.0000.000, an amount sufficient to cover about two-thirds of the applications not yet acted upon. The resources were increased by $1,000,000,000 in the closing days of congress. The addition was not requested by the HOLC; in fact, Chairman John H. Fahey indicated a desire to discontinue lending as soon as the original $2,200,000,000 had been allotted. Officials were said to feel that the original sum would take care of properties in immediate danger of foreclosure and that an addition would increase the problem of selecting worthy applicants. The lending power of the corporation expires two years hence. Latest reports to the HOLC showed New "ork swinging to the lead in loans disbursed, with $117,587.514 used to refinance 21.514 homes. Ohio still held the lead in number of 10an5—35,334 for a total of $110,266,734. Michigan was third with 28,859 loans totaling $72,141,066. The average loan in New York was $5,466; in Ohio, $3,128, and in Michigan, $2,863. The problem of foreclosures, which critics of the program predicted would cause serious difficulties, has been met with a minimum of hardship to home owners, officials said. In the few cases where the corporation has been compelled to foreclose because the owners were unable to meet payments, they have been transferred into homes where the carrying charges were smaller, they explained. Officials believe the rush to obtain government refinancing is about over. As indication of this, they point to the fact that for the week ending June 15, only 20,942 new applications were received, the smallest number in any week of 1934. Many of the applications are discarded when it is found that the loan-seekers are not in actual distress, but merely wish to seize the opportunity of having their homes refinanced at 5 per cent over an eighteen-year amortization period. To meet such “chiseling” congress recently amended the act to limit loans to persons in involuntary default on June 13, 1933. GOLD MINING CONCERN JUNE INCOME CLIMBS Alaska Juneau Shows Frofit ?f $212,700 in Month. By Times Special CHICAGO, July 9. the Alaska Junea Gold Mining Company during June was reported at $212,700 after other income but before depreciation, depletion and income taxes. During the corresponding month of last year $137,400 was reported. Gross amounted to $389,000 as against $385,500. Income for the first six month- of the current year amounted to sl,204.950, while only $611,300 was reported during the same six months of 1933. Gross income in 1933 amounted to $2,257,350, compared with $1,614,000.

Government Bonds Home Owners’ Loan Corporation and Municipal Bonds BOND DEPARTMENT The Union Trust Cos. of Indianapolis 120 E. Market RHey 5341

Abbott, Hoppin & Company 203 Continental Bank Bldg. RI ley 5491 momS eSKSKh MEMBERS New York Stock Exchange Chicago Board of Trade New York Curb Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Curb Exchange New York Produce Exchange Commodity Exchange, Inc. New York Coffee and Sugar Exchange, Inc. Chicago Mercantile Exchange Co-Managers James T. Hamill Kenneth K. \\ oolling

JULY 9, 1934

GRAIN FUTURES UNSETTLED IN DULLTRADING Wheat. Corn and Oats Off Fractions: Weather News Unchanged. BY HARMAN TV. NICHOLS United Press Staff Correspondent CHICAGO, July 9.—There was little change to the character of market news and grain prices were unsettled in a narrow range at the start of the Board of Trade today. Wheat opened “* cent lower to ’i cent higher; corn was unchanged to ! s cent lower; oats was 1 s to cent off. and rye was unchanged. Speculative interest was at a minimum and weather news remained unchanged. Liverpool reported unri ‘riving statistics and weather new.- extremely bullish. CHICAGO PRIMARY RECEIPTS —July 7. Bushels. , Todav Last week. Wheat 2.5R1.000 2 47.1.000 Corn 417.000 405 000 Oats 50.000 106.000 Chicago Futures Range —July 9 . . Prev. Uheat— Hich. Low. 10 00. close. TulV 88'2 .88', 88% .Sfi 7 , Sept 89' r .88’. ,88’s .89-% Dec 90% .90 .90% .90'* C orn— July 57 .58% .58% 57 Sept 58', .57% .57% .58 1 ?* Dec 58% .58 .58 .58’* Oats— July .42‘ , s .42’r 42’s 42 5 s Sept 49 .42% .42% .43% Dec 43% .43% .43% .44% Rye— July 84% .64 .84', .84% Sept . .85% .65% Dec 67% .67% .67% .67 * Barley— July S3'A Sept

Cash Grain

(By United Press) CHICAGO. July 7—Cash grain: WheatCorn and oats, unchanged: barlev 580 9.3 e quotable: timothy. $9,354/ 9.60; clover seed, 610 254/ 14 25. Cash provisions Lard. $6 /5; loose. $6.15; leaf. $6.12; bellies. $9.65. ST. LOUIS. Mo.. July 7.—Cash grain: Wheat—ln good demand, unchanged to lc lower on red and unchanged to ".e lower on hard wheat: No. 1 red. 89'-® 90'.,c: No. 2 red. 894/91c; No. 3 red. 88'2@91c: No. 4 red. 87'c; No. 5 red, 86',c; No. 1 hard. avd9l' t c: No. 2 hard. 90*jc; No. 1 dark hard. 91',c; No. 2 dark hard, 90", c; No. 1 mixed, 90 T ,4/901-ic. Corn —ln fair demand. unchanged; No. 2 yellow. 60'jc. Oats—ln fair demand, unchanged; No. 2 white, 46c. TOLEDO. July 7.—Grain close: (In elevators, transit billing); Wheat—No, 2 red. 894/ 90c. Corn No. 2 yellow. 63' 2 4/i 64'2C. Oats—No. 2 white 46'-a#47Vie. Rye -—No. 2. 694/ 70c (Track prices, 28‘?c rate 1. Wheat—No. 1 red. 84 , , 2 4/85c: No. 2 red. 83'.>4/84c. Corn—No. 2 yellow, 59 4/59' 2 c; No. 3 yellow. 584i58 , 2C: No 4 yellow. 574/ 57' 2 c. Oats —No. 1 white. 44' 2 4/45c: No. 2 white. 43Vi4/ 44'ic; No. 3 white 42' 2 4/ 44c. Seed Close: Clover —Cash. $8.25. Alsike—Cash. $8.50. Local Wagon Wheal City grain elevators are paving 76 cent* for No. 2 soft red wheat. Other grade* on their merits NEW YORK CITY BANKS REPAY RFC $51,300,000 Corporation Returns Huge Sum to Federal Treasury. By United Press WASHINGTON, July 9.—Repayment of $51,300,000 by fourteen New York city banks and $68,400,000 by the federal land banks was announced today by the reconstruction finance corporation. The funds had been advanced to the New York banks in the form of 2'l per cent RFC debentures in exchange for 4 per cent capital notes of the banks. The banks elected to repay in cash and retain the debentures. Receipts of the funds enabled the RFC to return $90,000,000 to the federal treasury. INDIANA COAL OUTPUT UP SHARPLY IN WEEK State Produces Almost 4 Ter Cent of Nation’s Supply. A heavy increase in bituminous coal production in Indiana for the week ended June 23 was reported today by the United States bureau of mines. Indiana produced 191.000 tons, almost 4 per cent of the nation’s output, compared to 185,000 tons for the previous week. A year ago 199,000 tons were produced for the same period and in 1932, 195.000 tons were recorded. PLAN SALES CAMPAIGN Northern States Power, Executives Design 5-Year Program. By Times Special CHICAGO, July 9. Northern States Power Company, encouraged by the success of its spring sales campaign on electric ranges and water heaters, has caused the executives to plan a five-year program to increase sales of these appliances. The sales drive for three months from April 1 to June 30, delivery of 1.112 electric ranges and 867 electric water heaters. This result was 229 units over the combined quota set as the goal for the sales drive.