Indianapolis Times, Volume 46, Number 51, Indianapolis, Marion County, 10 July 1934 — Page 13

JULY 10, 1934

STOCKS JUMP DURING EARLY SALES SPREE Issues Register Gains of Fractions to More Than 2 Points. UV ELMER C. WALZER l nited Pre* Stiff Corrnpondfnt NEW YORK. July 10—The stock market generally held steady at gain*, of fractions to 2 points today alter a comparatively spirited first t'*o hours. Failure of Columbia Gas and Electric Cororation directors to act rn the common dividend due at this time —because of increased demands for rate cuts and more taxation—brought some selling in utility shares. Columbia dipped more than a point to 12".. Standard Gas eased fractionally while part of Consolidated Gas gain was erased. Generally, however, prices coninued firm with United States Steel around 41. more than a point higher. American Telephone just under 117, American Can up more 'ban a point at 99 t and Du Pont up more than 2 points at f2'_•. Rails v ere fairly active and higher as w ere the mining Issues. Money and Exchange INDIANAPOLIS RANK CLEARINGS Julv 10 C'crins' .. *2 597 onn on l*Oi- 6 436 000 00 FOREIGN EXCHANGE Bv Abbot* Hoppin & Cos.) —July 9 Clo^r. rx-'linr Enc’and 55.03 1 . T ncc 06.39 Lira rtaie 0338 pr 2*. - Belci'im .2337 Mark. Germany 3832 Guilder. Holland 6778 Pe "et a, Spain .1368 Krone. Norwar .2532 K-onr- Denmark 2250 Yen. Japan 2989 Treasury Statement ißy United Press* WASHINGTON July 10 - Government e\pen-e. and receipt? for the rurrent fl-ral tear lo July 7 compared with the rorrrspondinq period of the previous Thisvear Last year. E-nenses ... sll9 101.450 30 $120,492.322 42 re. <•*,■ .. 70 688,513 91 42.634 482 61 nef!. r ‘ 48.712.936 39 77.837.839 81 Cash balance 2 642.039 822 10 Investment Trust Shares <Bv Abbott. Hoppin & Cos.) —July 9. Bid Ask. American Bank Stocks Corp .. 1.09 1.14 Amerinn and General Sec A.. 4 00 5.50 American and Inv Tr Sh 1 75 ... B,t .c Industrv Shares 3 18 Rrfsh Tvpe Inv Tr Sh 33 .45 Collateral Tr.isiee Shares A ... 4.60 Corporate Trust Shares .oidi . 196 200 Corporate Trust Shares Inewi .2 26 2.30 C initiative Trust Shares .... 386 ... Di'er isled Trust Shares A 6 25 I)r. er'-itied Trust Shares R 7 55 7.<5 Diversified Trust Shares C 300 305 Diversified Trust Shares D— 460 470 t Insurance Stock Corp .. .76 .80 F: -t Common Stock Corp ... 61 .71 Fixed Trust Oil Shares A .... 7 85 ... Fixed Trust Oil Shares B 6.70 Fundamental Investors Inc .. 192 216 Incorporators Investments ...17,35 17.60 I end Rank Bond Shares 1.16 129 l ow Priced Trust Shares 570 5 80 \t. Inv Trust Shares 13 68 20 30 Nit on Wide Securities . ... 328 3.34 North Am Trust Shares <s3t 1.87 N tit Am Trust, Shares *55-58) 230 234 Nor- Am Trust Shares *SB .. 227 2.31 S*>cted American Shares .... 248 ?• rtrd Amrnran Shares Inc . 1.16 125 Rejected Cumulative Shares ..6 48 n Income Shares .. • 3 .35 3.75 {=•<l American Trust Shares A 287 291 Trust hares of America ...... 272 277 Trustee Sand Oil A 542 547 Tr tee Ftd Oil R 500 510 t s Elec rir l.t A- Pwr A 12 37 12 62 Universal Trust Shares 290 2.96 New York Bank Stocks ißv Abbott. Hoppin & Cos.) Bid. Ask. Bankers 63 63% Pro'klvn Trust 169 Central Hanot* r 1.9 130 Chase National 28'* .8 • Chemical 4 2 4 2,‘ National Citv -8 -* * Corn Exchanje ' ' Continental 13 J t Fmnire 19 19 z First National ....1 630 1 520 Guaranty 358 360 Irvmc *64 t Manhattan A- Cos 30 30] Manufacturers ~* " New York Trust 106', 1, - Fubhc 34 34 2 Retail Coal Prices The lollowtne prices represent, auotations from leadine Indianapolis coal dealers A cash discount of 25 cents per ton Is allowed „ _ . Domestic Retail Prices Anthracite *13.50 Rtuml lump f 9? Brazil eec Bril mine run Ju;? Coke, nut size ®-2 Coke, err sire *=2 Indiana forked lump .oo Indiana eee Kentucky lump * ™ Pocahontas lump ” Pocahontas eae £ Jf2 rocahont as forked lumD son rocahontas mine run • New River smokeless ®L l 2 West Virrlnia lumo 6 Wot Virsima eee £ Island Creek * 00 Extra choree of 50c a ton for wheeling coal, and $1 a ton for coal carried to bln U. S.AUTO PRODUCTION 75 PER CENT HIGHER Total Output in First Half of 193* Reported at 1.031.839 Vehicle*. p , I h if* <f /• • * NEW YORK. July 10—A 75 per cent gain in automobile production in the United States for the first half of 1934. as compared with the i corresponding period of last year, was reported today by the National Automobile Chamber of Commerce, which placed total output for the 1934 period at 1.802.442 vehicles, against 1.031.839 a year ago. June output was estimated at 328.000 units, a decrease of 7 per cent under May's total of 351.802. but 27 per cent over the 257.813 vehicles produced in June. 1933.

INVESTMENT SECURITIES INDEX DROPS 15 POINTS Average of Ten Leading Common Trusts Dips to 13.06. B i l imes Special NEW YORK. July 9 —The investment companies common stock index was irregular during the past week, as evidenced by the averages compiled bv Distributors Group. Inc. The average for the common stocks of the ten leadmg management companies, influenced by the leverage factor, stood at 13.06 as of the close July 6. compared with 13.21 on June 29. The average of the nonleverage stocks stood at 15.20 as of the close July 6. compared with 14.87 at the close on June 29. The average of the mutual funds closed at 10.78. compared with 10 69 at the close of the previous week. Enters Velvet Carpet Field Cy / tmrt Special CHICAGO. July 10—Announcement of its entry into the velvet carpet manufacturing field was made by the Thermoid Textile Company, a subsidiary of the Thermoid company. A piant is in readiness to manufacture special widths up to fifty inches.

—New York Stocks — ““~~~~~~~——— Bv Abbott. HOOP’.O A Cos.)

AVERAGE STOCK PRICES FOR MONDAY Net High. Low. Close, change. Thirty industrials 97.54 96.54 97.04 —.ll Twenty rails 43.77 43.53 43.60 ~ -03 Twenty utilities 23.85 23.63 23.73 —.04 Forty bonds • ••• 94.^8 Ten first rails •••• 101.75 -.15 Ten second rails •••• 81.39 —.14 Ten utilities •••■ 98.61 -.15 Ten industrials •••• 97.39 .20 -Off. -Up.

—July 10— Prev. Oil*— High. Low. 10 30. close. Amerada ... - 50 1 ,* Atl Rfe 25H 25% Barnxnal! 7% Consol Oil to 1 * Cont of Del 19'** Mid Cont Pet 12 1 * 12% Ohio Oil ID* Per Corp 10'* Phillips Pet 17', z Plymouth Oil 12 Pure Oil 10% R ival Dutch 35 H 35% Sbc Oil 3! % Shell Un .. ... ... 6 SiceJlev Oil Bor Vac ... IS 1 * 15 1 <* S O Os Cal 34 1 2 34 S O of N J 44 1 . 44 * Texas Corp 24 23% Tidewater Assn . . . 11% Un Oil of Cai . 16'* 16 16 IS •* steel*— *m Roll Mills 19 19% Re*h steel 33'* 33 1 Evers AM . 22 Na*l Steel 4; i* 41 '* Otis Steel s'* Rep Iron A St 1 16% Rep Iron A- Stl p 47 U S Pipe & Fdv . 23 U S Steel 39% 39% U S Steel nfd 84% 84 % Warren Bros .. ... ... 9'* Youngs' n S <fc T 20 1 Motor*— Auburn 23% Chrysler 41 4n % 40% 40' • Gn Motors 31% 31 ’ 31'* 32'. j Gen Motors pfd .. ... ... 103 Graham Mot 2 Hudson 9% Huno 3 1 Mark Trurk ... ... 26' z Nash 17 Parkard ... 3% 3% P-n 3 st'ldehaker 4'a 4 Yellow Truck 4'* Motor Access— Benriix ... 15 14 7 * Bohn Alum ... ... 57 Borg Warner 22 Briggs 17 1 0 Rued Wheel ... 2 7 s Eaion Mfc ... . 16' * Eler Auto Lite 21 % 21 7 i 21% 21'* Mullins Mfg pfd .. 34 Murray Bodv 6'2 Stew Warner ... 6% Timken Roll .. 30'2 Timken Det Axel 6% Mining— Alaska Jun 21 7 21 1 2 21% 21 s * Am Metals ... . 23 Am Smelt ...... .. ... 41% 41 3 . Anaconda ... 14-* 14% Cal A- Herla 4' 4'* Cerro De Pasco . .. ... 41!* 41-'* Dome Mines ..... ... ... 43'1 Gt Nor Ore .... ... ... 12'* Howe Sound .•• 54% Int Nickel . 25% Kennecott Cop 21', 21'2 Mrlntvre Mine.. .. 49 Noranria Cop ..... ... .. 44% Park Utah ... 4% 4]* Phelps Dodge .... ... ... 17'* St Joe Lead ..... ... ... 20% U S Smelters 127% Vanadium 21% 21 % Amusements— Fox Thea ... . 13 Loews Inc ... 26'* 26 7 * Radio Corp .... 6% 6% 6'* 6% RKO 2% 2 V* Warner Bros ..... ... 4 7 * 5 Tobaccos— Am Snuff 60 Am Sum Tob ... .. ... ... 18 1 2 Am Tobacco A . .. ... . 74'2 Am Tobacco B . .. ... 77% 77'2 Gen Cigars 41*2 Ligg A- Myers B . 96'* Lorillard 18U 18'* Reynolds Tob B .. ... ... 461 a Rails— Atchison 62 1 * 61's 62'* 6!' 2 B A- O 22'2 22'* Can Pac . 13’* 13 7 Ch A Ohio -. 47'* 47'* 47'* 47 C M A- St P pfd 7' 2 7' 2 Chi N W .. . . B*a Del Lac A- W. . . 23'* 23'* 23', . Erie Erie nfd 22 22 Gri Ni.r'h pfd 21 1 * 21 ’ 3 21 7 * 21 1 2 111 Central 24', M K * T pfd . . 22 1 * N Y Cent . 28 1 * 28'i 28M 28 1 . N Y New Haven N Y Out A West 6 7 , Norfolk <fe Wes .. ... . 181 Nor Pac 23 1 * 23'2 Penn R R 30'. 30’, Sou Par ... 24'* 23 Sou R R 23 1 * 23'* Union Pac ... 121 ... Equipments— Am Brk Shoo . 27'j 27 2T2 26': Am Car A Fdv. .. 19'* Am Loro pfd ... ... ... 53 Am Mach A Fdv. .. ... ... 14 7 , Am Steel Fdv ... ... . 16’* Burroughs 13'2 13'* Case JI ....... ... ... 51 Cater Tract 27 1 * Derre A Cos 20 1 * 20;, Elec St or Bat 42 >2 Gen Elec 19 7 * 19 7 Gen R R Sig 35H 3.5"* Ingsol Rand ..... ... ... 59 Int Bus Mach 138'2 int Harvester ... ... 32'2 Natl Cash Reg .. .. ... • 16 7 * Pullman Inc 48 48't Rem Rand ••• West Air B 22'* Westingh Elec.. .. ... 36'i 36’* Utilities— Am A For Pwr .. * Am Power A Lit A T A T US' , 115 3 * Am Wat Wks . -. . 19'* 19'* Col Gas A Elec 14 13 7 * 14 14 Com A Sou ...... ... • 2'* Consol Gas . ... ...33 3 4 33 3 4 Eler Pwr A Lit 5 3 * Int Hydro Elec 6 6

Bright Spots IBv Abbott HODDtn * Cos.)

Armour A- Cos. new common and $6 preferred ;-tock has been stricken from the New York Curb board and listed on the New York Stock Exchange. Walgreen Stores June sales totaled 51.15X.112 as cum pared to $:1.!1X2.X1 for the like month a year ago. an increase of )!.!) per cent. Sales for first six months this voar amounted to S’iW.iill.100 against SII.IIMJWI for the corresponding six months last year, an increase of 71.6 per cent. rhillip Morris net income for the first quar-er of the fiscal year is estimated to be 75 cents a share. In the Cotton Markets —July 9 CHICAGO High. Low. Close. January 12 68 12.33 12.63 March 12.77 12.43 }“ i 3 July 12.32 October 12.50 12.14 12.46 December 12.63 12.28 12.61 NEW YORK January 12.65 12.27 12.59 March 12.73 12 35 12 69 Mav 12 80 12.47 12.77 July 12 30 11 90 12.25 October 12.45 12.07 12.39 December 12 60 12.21 12.54 NEW ORLEANS January 12 62 12 25 i2.57 March 12 70 12.64 12.67 Mav 12 79 12.75 12.75 Julv 11.95 11 89 11.90 October 12 42 12 05 12.38 December 12.57 12.19 12 52 N. Y. Coffee. Sugar Futures —July 9 —Santos— High. Low. Close March JyJy .•••••••••••• 9 90 Sept*tnbT 10.35 10 29 10 29 December 10.58 10.52 10.52 —R io— January ••• "■J 3 March * 99 Mav $ 12 8 07 8 07 Julv i? 4 September • . L *? December <-38 i.91 <-91 SUGAR January March 1 89 1 88 1.88 Mav 1 93 Julv 1.70 1 69 1.69 September _ . } l* December 1 83 1.81 1.83 Daily Price Index (By United Press) NEW YORK. Julv 9.—Dun * BradSTeet's dailv weighted price index of thirtv baste commodities compiled for the United Press: 11930-1932 average. 100) Todav 11l 36 Friday 11l 83 Week ago 111.61 Month ago 112 37 Year ago ijulv 10 106.68 1934 High June 19) 113 68 1934 Low iJan. 3' 101 05 Copyright 1934. Dun A Bradstreet. Inc > Insurance Sales Rise Bp limes Special PHILADELPHIA. July 10.—Life insurance sales of the Penn Mutual Life Insurance Company in the first six months of 1934 showed an increase of 16.4 per cent over the corresponding period of 1933. William A. Law, president, announced today. The number of policies increased 22.5 per cent in the same ptnod.

! Int TA T 12'j 12 1 * | Lou G A E "A" 16 : Nat Pwr A Lit . . 10 'North Amer .... 17 3 17'2 17 1 2 17 3 * I Pac G A E 17'2 Peoples Gas 31 31' 2 Pub Sorv N J 136 3 * I So Cal Edison 16'* 16'* ! Std Gas 10 3 * ! Std Gas nfd ll 1 * 11 x h | Stone A Webster 7 ! 2 United Corp s'* s*< Un Gas Imp 16'* 16'* Ut Pwr A Lit A 3 Western Union ... 4o Rubbers—i Firestone 17 Goodrich ... 12 S ’Goodyear 26 26'* J Kellv Spring 2'* U S Rubber 17: l* 7 * U S Rubber nfd 43 Miscellaneous— I Am Bank Note 20 s * Am Can . .. ... ... 98’* Brklvn Man Tr 38‘3 ! Conti Can 79 ' Crown Cork 2o Curtis Pub pfd , 81 3 * Eastman Kodak . 97' 2 97 1 * Gillette .. ll!a IPs 11% H’2 Inter Rapid Tr _8 Glidden ••• 24 33 % Owens Bottle .... 75V Foods— Am Sugar 66% Armour A' a. ... 5' 2 5% Borden Prod .. ..W ... 26 3 4 26% Cal Packing e ... ... 32%

CREDIT BANKS' ASSETS CLIMB Total for 12 Institutions Reaches $274,513,904 During Quarter. B't 7 i hi m Special NEW YORK, July 10.—Report of the Federal Intermediate Credit Banks as of June 30. as made public by Charles R. Dunn, fiscal agent, shows that assets of the twelve banks increased from $213,233,531 on March 31 to $274,513,904 at the end of last month. Increases in loans and discounts from $156,343,168 tc $198,026,783 accounted for the largest part of this gain in resources, while an investment of $25,219,923 in guaranteed Federal Farm Mortgage bonds also appears on the June 30 balance sheet. Cash on hand and in banks was $14,786,001 on June 30, compared with $19,525,026 on March 31, 1934. Holdings of United States Government securities were practically unchanged at $32,732,349 on June 30. Notes and accounts receivable were $2,794,587 compared with $3,328,327 on March 31. The June 30 report is the first issued for the credit banks since the increase in capital from $60,000,000 to $70,000,000 recently. Paid-ill surplus. Produce Markets Delivered in Indianapolis prices: Heavy hens. 10c Leghorn hens, 7c 1924 broilers, 2 lbs. and over. 16c: Leghorn broilers 1 1 2 to 2 lbs. and over, 14c bareback broilers 11c; old roosters. 4c: ducks and geese. 3c: voune guineas, I'/a to 3 lbs., 20c: old guineas. 15c: No. 1 strictly fresh country run eggs. loss off 11c. Each full case must weight 55 lbs. gross: a deduction of 10 cents a pound for each pound under 55 lbs. will be made Butter—No 1, 27@28c; No. 2. 25®26c. Butterfat. 22c: Quoted bv Wadlev Company ißy United Pressi CHICAGO. July 10.—Eggs—Market, firm: receipts. 8.513 cases; extra firsts. 14' ?c; fresh graded firsts HUc; current receipts, 12*813c; dirties No. 1, ll’.ic; No. 2. 10*20 checks No. 1. 11c; No. 2. 10%c. Butter —- Market weak; receipts, 13.602 tubs; extra firsts (90-91'2 scorei. 22@22 , ,2C; extras 192 scorei. 23c; first *BB-89% scorei. 21% <*i2l %c; seconds *B6-87 1 score), 20'**20 , 2C; specials. 23%f<*24c: standards, 22%c: *B9 scorei. 21%c: <BB score). 2IV4C. Poultry—market unsettled: receipts. 39 trucks. 1 car due: Leghorn hens, 8 1 2 , a9’2c; fryers, 17% ***22%c: colored broilers, 18c; spring geese. 11c: turkeys. 14c: old roosters, 9c; Leghorn broilers, 12%(<i14c; old ducks, small, 8c: heavy spring. 14c; springers, colored, 21c: rock, 23%c; hens. 13c. Cheese—Twins. ll%'*Jl2%c: Longhorns. 12%@T2 3 /4c; daisies. 12%<8 12 3 4 c. Potatoes—Supply moderate: demand good on good stock; market firm on good stock: Cobblers, Virginia, $1.35*81.40. showing decay. $1.25 4*1.30; North Carolina, $1.25(81.35. Triumphs—ldaho. $2: North Carolina, $1 80; barrel Cobblers, Virginia, $2.35'??' 2.40, showing decay. $2.20*8 2.40; North Carolina showing decay. $2,254*2.30. Arrivals, 92. on track, 310, shipments, 658. CLEVELAND. July 10 Butter—Market, weak; extras, 27c: standards. 26%c. Eggs —Market weak: extra white. 14%c; current receipts. 13c. Poultry—Market, firm: colored fowls. 4% lbs. and up. 16c: old roosters. 10c: ducks, white. 5 lbs. and up. 15c. Potatoes—Virginia, $1,754* 1.85 per bbl. NEW YORK. July 10—Potatoes, weak: Long Islands. s2*/2.25 bbl.: southern, 75c 4* $1.85 bbl : Maine. sl**lls bbl. Sweet Potatoes, Tlrni: Jersev. basket. 75c4*52.50: southern, basket. 80c■'** $3. Flour—Easier; springs, patents $6,654* 690 bbl. Pork— Steady; tness, $19.12 %> bbl. Lard —Firm; middle west spot. s4.6o'*i 4.70 a 100 lbs . Dressed poultry, firm: turkeys. 124* 27c; chickens. 84* 27c; broilers. 174i27c; capons. 25'*; 35c fowls. 104* 18c: ducks. 134* 14c; Long Island ducks. 138 15c. Live poultry, stendv; turkevs. 1117 c: roosters. 9c: ducks, 8 * 11c; fowls 124* 15c: broilers. 148 25c. Cheese, quiet: state whole milk fancy to specials, 184* 19c. Butter —Receipts, 19.132 pkggs.: market easier: creamery higher than extras. 24'*i 24 3 c: extra *92 score'. 23%c: first i9O-91 score), 238 23%c; first 88-89 score'. 22%4*23c: seconds. 224i 22'’C: centralized '9O score'. 234*23%c; centralized 88-89 score' 22%4i23c: centralized *B4-87 scorei. 228 22%c. Eggs—Receipts. 25.048 cases; market firm: special packs, including unusual hennery selections 17’-4* 21c: standards. 17c: firsts, 15 3 *c: seconds. 14%4*15c: mediums. 14%4* 14%r: dirties. 14%4*14%c: checks. 13 4j 13%c. On Commission Row —July 10Apples—Fancy Delicious. $2.50: Transparents. $2.50. Blackberries —24-qt. crate. $2.50. Cherries—Home grown. 16-qt. crate, $1.50 Oranges—California. Sunkist. $5.25@ $5 50: Valencies. $4.75415 25. Lemons—Sunkist. $6,254* 6.75. Grapefruit—Florida seedless. $4.50. Raspberries—Southern Indiana black, 24-pt. crate, $1.50: red. 5252.50. Cantaloupes—California jumbos. 455, $4.25: standards. $3.75; Honpyballs. $4.50. Pears—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. Celery—Michigan, flat boxes. $1.25; medium. doz.. 60c. Onions—Texas yellow, 50-lb. bag. $1.75. Potatoes—Rural New York. 100-lb. bag. *1.65: Colorado McClures. $1 50; Idaho Russets. 100-lb. bag. $2.25: new Texas Triumphs. $2. Sweet Potatoes —New Alabama, bushel, $2.75. Beans—Round strirgless. $1.25. Beets—Ni 30c a dozen. Carrots —Home grown, bushel. $2; doz.. 35c. Cauliflower—Homegrown, $2 50. Lettuce —Outdoor, 15-lb. basket. 85c; iceberg best. $4.25 a crate. Peas—lndiana. $1.50 Radishes—Home grown buttons, large bunch. 35c. Rhubarb—Home grown, dozen. 30c. Spinach—Home grown, bushel. 85c. Tomatoes —Hothouse. 10-lb. basket. $1; original Tenn.. 30-lb. lug. $2. CHICAGO FRUIT MARKET 'By United Press* CHICAGO. July 10—Fruits and veg-e-abies Apples—lllinois transparent sl.ao ■i 225 Carrots—California $1,504*2.75 *6 doz buchesi. Cucumbers —Hothouse. sl4*2 ,2 doz,.; Illinois. 65c4*$’. bushel. Tomatoes —Tennessee, lug box $1 254* 1 85. Sweet Potatoes—Tennessee $1,754*2 bushel hampers Mushrooms—lllinois. 158 40c lib. carton Peaches —Georgia. *lB 1.50 *% bushel*. Red Raspberries— Michigan. *L2S 4* 175 24 pints: black bern'. $1.158 135 Lettuce California. *2.508 3.25. crates: Illinois, leaf. 40 8 50c bushel. Beans—Eastern green. *lB 1.25 bushel; Illinois. 75ci *1.25. Cabbage—lllinois. 608 75 ib.. $1,504* 1.75. Celerv—Michigan. crates. 604* 75c. Onion market * 50-lb sacks). Texas, whites. 2.i0. Caliioana. yellows, *1.0553.

THE INDIANAPOLIS TIMES

, Canada D G Ale ! Coca Cola 132 7 , 133 Cont Bak A 9% Corn Prod 67% 67% Crm of Wheat 33 Cuban Am Sugar 6% Gen Foods 30 7 * Gold Dust ... . 20 G W Sugar 34% 35% Loose Wiles ... . . 42-2 Natl Biscuit ... 35% 35% 35% 35 Natl D Prod 18% 18% Puritv Bak . 13% S Porto Rico Sug . . 35% Std Brands 20% 20% 20% 21 Un Biscuit 25 United Fruit ... ... 69% Wrigley ... ... 65% Retail Stores— Best ACo 32% 32% 32 s , 32% First Natl Stores .. ... 65% 65 Gimbel Bros 3% 3% Gr Un Tea 5% Hahn Dept Sts 5 Jewel Tea 46% Kresge S S 19% Kroger Groc 311* Macv R H ... ... ... 41 Marshall Fields . . 15 May Dept St... 36% 36% 36% 37% Mont Ward .. . 28% 28% 28% 28 Natl Tea 12 Penny J C .... ... . 59 Sears Roebuck 43% 43% Safeway St ... 51 Woolworth 49% Aviation— Aviation Corp .. .. ... .. 5% Curtiss Wright 3% 3% Douglas Air 19% Nor Am Av ... .. 4% Speery Corp 8% 8% United Aircraft. .. ... 17% 12% Chemicals— Allied Chem 135% Am Com Alcohol 34 Col Carbon 73% Com Solvents 22% Dupont 90% Freeport Tex 32% 33% Liquid Carb ... 26% 27% Math Alkali 32% 32% Montosonta Ch 52 Natl Dis tnewi 23% 23% Schenelev Dist ... 26% Tex Gulf Sulph 33 Union Carbide 44 44 U S Indu Alcohol 42 Drugs— Coty Inc 6% Un Drug 15% Zonite Prod 5% 5% Financial— Adams Exp ..... ... 8% 8% Allegheny Corp 2% 2% Am Int Corp TANARUS% Lehman Corp 70 Transamerica 6% Tr Conti Corp 4% Building— Am Radjator .. 14 13% 13% 13% Johns Manville .. ... 53% 53 Libby Owens Gls .. ... 31 s * 31% Otis Elev 15% HouseholdCol Pal Peet . 15% Congoleum -. 28 27% 28 27% Proc A Gamble 36% Simmons Bed 16 Textiles— Amer Woolen 10% Belding Hem ... .. ... ... 12% Celanese Corp.. .. ... ... 26% Collins Aikmarf 15% Gotham Hose 7% Indus Rayon 24 Vi 24Vi New York Curb (By Abbott. Hoppin A Cos.) —July InClose Close Allied Mills ... 8% Humble Oil 41% Am Cyanide 8.. 18% Imp Oil Ltd ... 14% Am Gas A El 27V* Int Petrol . 27% Am Superpower 2% Lake Shore Min 54% Atlas Corp 10% Lone Star Gas . 5% Can Indus AIA 8% Mt Producers .. 5 Can Marc .... 2% Natl Bellas Hess 3% Cities Serv . 2% Nia Hud Pwr .. 5Vi Comnwealth Ed 56% Pan Am Airway 39% Cons Gas of Bal 67% Park Davis .... 24% Cord Corp .... 3% Penn Road .... 2% Creole Petrol .. 12% St. Regis Paper. 3 Deere A Cos .. 20%!5al Creek Prod. 6% Distillers Corp. l4%!Sherwin Wms . 71% Dow Chem .. lOVilStd of Ind ... 27% El Bond A Sh. 15 |Std Os Ky 16% Ford of Can A 20'itTechnicolor Ind 12% Ford of Europe 7%lTec Hughes Gld 7 Glen Alden Coal 21%1Un Gas 2% Gulf Oil of Pa 63%1Un Pwr & Lt A 2% Hiram Walker 33%’Wright Har Min 9% Hud Bay Min 13 %i

Chicago Stocks

"" 1 (Bv Abbott Hoppin & Cos.) —July 10— High. Low. 11:30 Bendix Aviation . . 15% Borg Warner 22’/a 22'/4 22% Butler Bros ... 9% Berghoff ... 6 Chicago Corp com 2% 2 2% Chicago Corp pfd ... 27 Cities Service ........ 2% 2 2 Commonwealth Edison. 56% 56% 56% Cord Corp 3% 3% 3% Crane Cos S’/g 8% 8% Electric Household .. 15 Great Lakes Dredge ... 17% 17% 17% Gen Hse Hold Util 11% 11% 11% Kingsbury 3 Libbv McNeil 5% Middle West Util % Noblitt-Sparks Ind Inc 12% Perfect Circle 29 % Prima Cos • • 4% Swift <fc Cos 18 17% 17% Swift International .... 31% 31% 31% Utah Radio 1 Utility & Ind. pfd 3% Vortex Cup Cos 14% Walgreen Cos com 27' 2 Zenith Radio 2%

Bond Prices ”■ Bv Fenner & Beane)

—July 10High. Low. 10:30 Allee Corp 5s '50.... 35 % 35 35% AT&T db 5s ’65 110% Atchison Gen 4s '95..103% 103% 103% B&O cv 4%s ’6O 66 65 % 65% Can Pac 4s '57 .. • 83% ChMStP&P ad 5s A 2000 12% 12% 12%. ChMStP&P rs 5s A '75 38% 37 Vi 38% Cons Gas NY 4%s 'sl .. ... 104% Det Ed 5s E ’52 . 107% Erie RR rs 5s ’67 74% 74 74% Goodyear 5s ’57 102 101 % 102 Gt Nor 7s A ’35 . 95 Interboro RT 5s ’66 .. 72 71% 72 Int T&T db 5s ’55 64 McKess&Robb 5%S 'SO ... 82 Nat Dairy db 5%s ’4B 99 98% 99 NY Cent 4%s O 2013 . 74% Nor Am 5s ’6l 89 Vi 89% 89 % Para Pub 5%s ’SO . 6 . ... 48% Penn RR 4’s D ’Bl 97% Poland 7s ’47 1113% 113% 113% Roval Dutch 4s A ’45.. .. ... 136 Shell Un Oil 5s ’47 100 Sin Cons 6 Vis B ’3B 104% Texas Corp 5s ’44 .... . . 103% Un Pac Ist 4s ’47 ...106% 106% 106% US Rubber 5s A ’47.. 85% 85% 85% Vanadium 5s '4l 81% 81% 81% Western Un 5s 'sl ... 86% Ygstwn S&T 5s B ’7O 84% U. S. GOVERNMENT BONDS (By United Press) NEW YORK. July 9.—Closing Liberties: 'Decimals Represent thirty-seconds) —Liberty—--3%s (32-47) 104.14 First 4%s (32-47) 103.18 Fourth 4Vis (33-381 103.26 —Treasury—4s. 3'is (45) 104.9 4%-S '47-52) 113.27 3%S ) 43-471 104.28 3%s '4O-43) June 105.16 3%s '43' 105.10 3%s '46-49) 103.1 3s (51-55) 101.30 FEDERAL FARM LOAN BONDS (By Blvth & Cos.. Inc.) —July 9 Bid. Ask. 4s Nov. 1. 1957—37 100% 100% 4s Mav 1, 1958—38 100% 100% 4%s July 1, 1956—36 100% 100% 4%s Jan. 1. 1957—37 100% 100% 4%s Mav 1, 1957—37 100% 100% 4%s Nov. 1. 1958—38 101 'a 102% 4%s Mav 1. 1942—32 100% 100% 4%s Jan. 1, 1943—33 100% 100% 4%s Jan. 1. 1953—33 100' 4 100% 4'.s July 1. 1953—33 100% 100% 4'-s Jan. 1. 3955—35 100% 100% 4%s Jan. 1, 1956—36 100% 102 5s Mav 1, 1941—31 101 101% 5s Nov. 1. 1941—31 101 101 Va Home Loan 4s July 1, 1951 100.25 100.30 Federal Farm Mortgage Corporation 3%s March 15. 1964—44 101.20 101.28 The latter two quotations are in thirtyseconds. EMPLOYMENT IMPROVES Nebraska Reports 20 Per Cent Gain; Pay Rolls Also Rise. Bp Times Special WASHINGTON, July 10.—Considerable improvement in retail employment in Nebraska during 1933 was announced by the department of commerce. Between April and December employment increased 20 per cent in that state. Full-time pay roll in 1933 was 49 r>er cent lower than that of 1929, while the number of employes was only 28 per cent lower. The average full-time wage in 1929 amounted to $1,193 as compared to SB4O in 1933. AAA ABANDONS PLAN Cotton Ginners Refuse to Accept Marketing Agreements. By ( ailed Press WASHINGTON. July 10.—Attempts to bring the cotton ginning industry under a marketing agreement were abandoned by the AAA today. Officials said ginners refused to accept any agreement without a provision autfiorizins rate fixing.

PORKER PRICES OFF 15 CENTS AT CITY PENS Cattle and Sheep Also Slip; Vealers Continue Steady. The hog market at the Indianapolis Union Stockyards was a little more active today as prices ranged steady to 15 cents lower than yesterday’s average. Swine receipts totaled 6.000 and holdovers numbered 494. Most early loss was made on underweights. Heaviest weights dropped about 10 cents for the bulk, ranging between $4.75 and $4.90, but best of the weights was 5 cents higher than the previous session, being $5. The loss on the light lights carried the prices down to $2.65 to $3.15, while light weights sold at $3.40 to $3.90. Medium weights sold at $4.45 to $4.70, and packing sows brought $3.50 to $4.25. Cattle selling was weak with prices ranging mostly 25 cents lower, better grade steers ranging between $7.75 and $9.10 with the very best of the kind ranging upward to $9.50. Receipts numbered 2,000. Slaughter cattle moved slowly and low grade killers brought prices between $5 and $6.75. Most regular heifers brought sellers prices from $6.50 down. The vealer market continued to hold steady with prices ranging from $5 downward. Receipts totaled 900. A 25-cent decline was shown in the sheep market, which had receipts 1.200. Lambs held mostly steady but ewe and wether kinds departed at prices ranging between $7.75 and SB. Bucks were subject to $1 discount. Throwouts sold at $5 to $6.50 and slaughter ewes brought $1.50 to $2.50. Hogs receipts at Chicago today totaled 23,000, including 6,000 direct. Holdovers numbered 3,000. Asking was mostly steady, but taking was weak to lower than yesterday’s average prices. Cattle receipts were 17.000 and calves receipts 5,000. The market was steady. Steady prices were being paid for sheep. Receipts numbered 9,000.

July Bulk. Top. Receipts. 3. $4,654* 4.75 $5.00 6,000 5. 4.704*1 4.85 5.00 6.500 6. 4.55(5! 4.70 4.90 7.500 7. 4.70® 4.85 5.00 2,000 9. 4.80*5! 4.90 4.95 8.000 10. 4.75@ 4.90 5.00 6,000 Market Lower (140-160* Good and choice $ 3.65@ 3.90 —Light Weights—-(l6o-180' Good and choice.... 4.454 T 4.55 (180-200) Good and choice.... 4.60(5: 4.70 —Medium Weights—-(2oo-220) Good and choice.... 4.754?’ 4.85 '220-250) Good and choice,... 4.80(5, 5.00 —Heavy Weights—-(2so-2901 Good and choice.... 4.85*3 5.00 (290-350) Good and choice ... 4.80(5 4 -90 —Packing Sows—(2so down) Good 3.85® 4.35 (250 lbs.) Good 3.754*: 4.00 (All weights) Medium 3.50® 3.35 —Slaughter Pigs—-(loo-130) Good and choice ... 2.75® 3.25 CATTLE Receipts, 900; Market, Weak. Good and choice $ 6.50® 9.00 Common and medium 3.25® 7.00 (1.100-1,500l — Good and choice 7.00® 9.50 Common and medium 5.50© 7.75 (675-750) Good and choice 5.50® 7.00 Common and medium 3.00® 5.50 (750-900) Good and choice 5.50® 7.25 Common and medium 3.00® 5.50 —Cows — Good 3.50® 4.25 Common and medium 2.50® 3.50 Low cutter and medium 1.50® 2.50 Bulls (yearlings excludedi Good (beef steers) 2.50® 3.50 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts, 700; Market, Steady. Good and choice $ 4.50® 5.00 Medium 3.00® 4.50 Cull and common 2.00® 3.00 —Calves— Good and choice 4.50® 5.50 Common and medium 2.50® 4.50 —Feeder and Stocker CattleGood 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, Lower. Lambs, 90 lbs. down, good and choice $ 7.50® 8.00 (90-110 lbs.) Good and choice 7.254* ; 7.85 (90 lbs. down) Com. and med. 5.00® 7.25 —Ewes— Good and choice 2.00® 3.00 Common and medium I.oo© 2.00 Other Livestock (By United Press) CHICAGO, July 10.—Hogs—Receipts. 23.UU0, including t>,uoo directs; active, iuliy steady witn Monday; 2ZO-3&0 los., S4.BU iaS.ua; top. $4.93; I*o-210 lbs., $4.10®4.80; Eignt ligms, 53.304* 4; pigs. $2,504/3; packing SOWS, $3.80©4.25; llgnt lights, 140-160 los., good and cnoice, $3.23***4.15; light weight, 160-2UU lbs., good and cnoice, $3.90 4/4.63; medium weiguts. 200-250 lbs., good ano choice, S4.t*Ut<* 4.95: heavy weights 2do-35u ibs., good and cnoice, .$4.80**44.93; packing sows, 2*5-350 lbs., medium and cnoice, $3,304/4.35; siaugnter pigs, 100-130 lbs., good and choice, $2.504i6.a3. Cattle —Receipts, 17.000; calves, receipts, 5,000; very lutle done; generally weak to 25c lower on most killing classes; omy strictly choice steers ano yearlings, including light neiiers ano nnxeo kinds, holding up; liberal supply all grades and classes here; not enough done to make a market; early top weignty steers $10; best medium weights. $9; few early saies, $64/8.30, but practically nothing done on common killers; slaughter cattle ana vealers: steers 330-900 *os., good and cnoice. $3. *54*.2a; 900-1,100 Ids., good ano choice, $6**9.23; 1.100-1.300 lbs., good and cnoice, $0.25® 10.25; 1,300-1.500 ios., good and choice, $*.234* 10.40; 350-1.300 Ids., common ano medium, $2,754( 7.23; heilers, 550-750 Ids., good and choice. ss.2s*<* *.25; common ano medium, $2,234*3.23; cows, good, $3. *s***3; common and medium. $2,504/3.75; low cutter and cutter, $1,254*2.50; Dulls, yearlings excluded, good beef, $3,254*4; cutter, common and medium. $2.20®3.60; vealers, good ana choice. $4,504*6: medium. $3.50 *<*4.so: cull and common, $2,504*3.50; Stocker and feeder cattle: steers 550-1.050 lbs., good and choice, $4,254*5.50; common and medium, $2.50®4.23. Sheep—Receipts. 9,000; slow; asking around steady on all slaughter classes; tew sales native springers, 58©8.25: best held around $8.50; quality range offerings improved; asking upward to $8.50 and above; few ewes, sl® 2.25: slaughter sheep and lambs: lambs 90 lbs. down, good ani choice. $7,654*8.50; common and medium, $6®7.75; ewes 90150 lbs., good and choice, $1,504*2.25; all weights, common and medium, 51®1.75. LAFAYETTE, July 10.—Market, steady to 10c lower; 250-300 lbs., $4.80; 300-325 lbs , s4!*7o; 225-250 lbs., $4.75; 210-225 lbs. $4.70: 200-210 lbs.. $4 65; 190-200 lbs., $4.55; 180-190 lbs., $4 45; 170-180 lbs., $4 35: 160-170 lbs., $4 25; 150-160 lbs., $3 65- 140-150 lbs., $3.40; 130-140 lbs. $3.15: 100-130 lbs . $2,504*2 90; roughs, $4 down: top calves. $4; yearling lambs, $7; spring lambs. $7®7.50. (By Times Special) LOUISVILLE. July 10.—Cattle—Receipts, 150’ demand dependable for slaughter classes: market generally steady; bulk common to medium steers and heifers salable. $3.7541 5; better finished kinds quotable. $5,254*6.50: few thinfleshed grassers in cutter flesh. $2,504* 3.50; bulk plainer grade beef cows. 52.504*3; better finished offerings to $3.50 and above for desirable heifer types: low cutter and cutters mostly $lO 2.25: sausage bulls quotable mostly S3 down: light Hereford Stockers salable mostly from s44* 4.50: with inferior and common native and southerns $2,254*3.50. Calves—Receipts, 400; vealers. steady: bulk better grades. s44* 4.50: few strictly choice handy weights $5: medium and lower grades. $3.50 down. Hogs- Receipts 900: market. 10c higher; 183-275 lbs $5 275 lbs. up. $4 30: 160-185 lbs.. $4 145-160 lbs. $3 65; 120-145 lbs, $2.25: sows. $2 75: gratsv and unfinished .logs discounted. Sheep—Receipts. 4 000: run liberal mostly trucked in lambs: market not established; few early bids 50c lower, with indications for a mostly 25c decline on better lambs sellers generally asking $7 504*7.75; for better trucking and sß4* 8 25 for strictly choice strong weights as well as desirable: overnight and rail lambs light: medium lambs salable mostly 55.504* 6; throwouts $5 down: fat ewes, sl4*2; bulk stock ewes salable. $5 50® 7.30 a bead; choice young ewes Quotable higher.

American Business, Aided By U. S., Is One-Third of Way Out of Depression

Activity Rises Slowly to Current 85 Per Cent Level. BY RICHARD L. GRIDLEY United Press Financial Editor WASHINGTON. July 10.—American busines, aided by billions of dollars from federal and state governments, appeared today to have pulled itself more than third of the way out of the depression which began quietly five years ago this month. More than two years have passed since the absolute bottom of the depression was reached early in July, 1932. Today both official and private business figures showed an irregular upward course since that time, interrupted temporarily fifteen months ago by the banking paralysis. Responsible figures compiled by the federal reserve board showed today that industrial activity in the United States after reaching its peak of 125 per cent of the 1923-25 average in June, 1929, declined rather steadily to 58 per cent in July, 1932. The index rose slightly thereafter and fell to a ‘’second bottom” of 59 per cent in March, 1933. A speculative boom a year ago carried it to 100 per cent in July, 1933. After another setback, activity began to rise slowly early this year to the current 85 per cent level. At this level activity had regained 37 per cent of the entire decline from June, 1929, to July, 1932. Depression Reasons Given Reasons for the start of the depression and its possible end two years ago are a matter of conjecture among leading economists. Hundreds of such reasons have been advanced by various schools of economic thought aijd by politicians. Regardless of cause, leading industrial barometers showed today that substantial progress has been made toward recovery with widespread hopes of further improvement after the usual summer lull. More billions of government money are to be poured out over the next few months in a final effort to clinch the recovery. Efforts over the remainder of the current year are believed likely in many quarters to determine whether the recent upturn is lasting or merely a rise before another smash. Only then will government officials and economists concede that the depression is over and a period of prosperity is at hand. Pay Rolls Up 40 Per Cent Compared with a 37 per cent recovery in industrial activity from its prosperity peak to depression low, the bureau of labor statistics’ index of employment has recovered more than 50 per cent of its depression loss, although 10,000,000 persons are still out of work. The index of payrolls has recovered nearly 40 per cent of its depression drop from 112.9 to 37. Car loadings have recovered only 16 per cent of the depression drop. A better showing is made by commodity prices, which the administration hopes to boost in order to promote recovery. Commodity prices, as compiled by the bureau of labor statistics, have risen to 73 per cent of the 1926 average after dropping from 97 per cent to 67 per cent.

CLASS “A” RAILROADS REPORT INCOME GAIN Net of 148 Leading Firms Aggregate 8183,977,640 in Five Months. Bp Times Special CHICAGO, July 10.—Net raflway operating income of class “A” railroads in the United States amount to $183,977,640 or at an annual rate of return of 2.11 per cent on property investment, for the first five months of this year, as stated by the bureau of railway economics. This figure compares with $94,918,398 or a return of 1.08 per cent for the ccresponding period last year. Compliance of the figures is based on 148 class “A" roads representing 239.303 miles. Gross operating revenues for the period totaled $1,347,033,883 an increase of 18.5 per cent over the $1,136,911,878 for the previous year period. During the first five months of this year there was a reduction of 2.4 per cent in taxes. Taxes paid for the period amounted to $106,444,793, against $109,042,306. FINANCING SHOWS G AIN State and Municipal Loans Total $124,056,580 During June. Bp Times Special NEW YORK, July 10.—State and municipal financing during June totaled $124,056,580, including $203,000 of PWA loans as compared with $81,155,053 during May (including $916,000 PWA loans, according to the Daily Bond Buyer of New York. The total for June, 1933, was $99.905.293, including $8,089,000 of RFC loans. The total for the first six months of this year is $645,106,104. as. compared with $408,863,297 during the same period of 1933. These figures include all RFC and PWA loans. DOLLAR "VALUE RISES Pound Sterling Equal to 55.03?i in U. S. Money at London. By United Press LONDON, July 10.—The dollar was stronger today with the pound at $5.03 a i. Gold went down 1 cent to $34.77, with a sterling price of 138 shillings % pennny. up 1 penny. Yesterday's price was fixed with the pound at $5.04%. Bp United Press PARIS, July 10.—The dollar was slightly weaker today. Francs were 15.16 to the dollar (6.596 cents a franc.) WHEAT ACREAGE DROPS German Crop Estimated 5 Per Cent Below 1933 Total. Bp United Press ROME. July 10—The winter and spring area of sown wheat in Germany was estimated by the International Institute of Agriculture today at 5.439.000 acres, or 5 per cent below that of 1933. The harvest was estimated at 3.960.000 metric tons, a decrease of 29 per cent,. ,

Cash Grain

INDIANAPOLIS —July 9 . .. Thf bids for car lots of erain at the rail of the Indianapolis Board of Trade, f. o, b.. shipping point, basis 41% New York rate, were; , Wheat—Weak: No 1 red. 76%8n%r: No 2 red 75%'U76%c: No. 2 hard 75%8 76'jC. Corn—Weak: No. 2 white. 55%{T56%c: No 3 white. 54%855%c No 2 vellow. 51 %#* 52%c: No. 3 yellow. sx%*H 51%.". No 2 mixed. 50%8 51%c; No J mixed. 43 . 7 50r%. Oats—Weak; No. 2 white. 39''*;40c: No. 3 white. 388 39c. Hav—Steadv. iF. o. b. country points taking 23%c or less rates to Cincinnati or Louisville). No. I timothy. Sl3 a 13.50. —lnspections Wheat—No. 1 red. 61 cars; No. 2 red. 30 cars: No. 3 red. 3 cars: No 5 red. 1 car: No 2 hard. 2 cars: No. 1 mixed. 10 cars; No. 2 mixed 3 cars. Total. 110 cars. Corn—No. 2 white 15 cars: No. 3 white 12 cars; No. 4 white. 1 car: No. 2 yellow 22 cars: No 3 vellow. 21 cars: No. 4 vellow. 1 car; No. 6 vellow. 1 car. Total. 73 cars. Oats—No. 1 white. 2 cars; No 2 white. 3 cars; No. 3 white. 2 cars. Totla, 7 cars. Local Waeon Wheat Citv grain elevators are paving 75 cents for No. 2 soft red wheat. Other grades on their merits. (By United Press) CHICAGO. July 9 Cash grain: Wheat No. 1 red, 39%890c: No 2 red, 88%'" 89%c; No. 3 ted. 88%(889c; No. 4 red 87%c; No. 1 hard. 90%'"91%c: No 2 hard. 90%(<*91c; No. 3 mixed. 90c No. 1 mixed. 90'"90'4c: No. 2 mixed. 89%r**89%c; dark No. 1 hard. 91%Cfi92%c: No. 2 dark hard. 90%c: No, 3 red garlicky. 87' iC, No. 1 red garlicky, 88c: No. 3 yellow hard smutty. 88 %c. Corn—No. 1 mixed, 60c; No. 2 mixed. 59ti61%c; No. 1 yellow. 58% 4) 59%c; No. 2 yellow , 58%4r59%c: No 3 yellow, 58%4159c: No. 5 yellow, 57%c: No. 1 white. 62c; No. 2 white, 62% 9 83c: sample grade white. 4645 55c Oats—No. 2 white, 44c. No 4 white. 40%c. Rye—No sale. Bariev —Quotable. 5645 93c. Timothy —59,354* 9.50. Clover Seed—slo,2s4* 14.25 Cash propriviosns—Lard $6.80; loose, $6.20; leaf, $6.25; bellies. $9.75. TOLEDO. July 9—Grain closp: (Train in elevators, transit billing': Wheat—No. 2 red, 87 45 88c. Corn —No. 2 yellow. 62% 4*63%c. Oats—No. 2 white. 464i 47c. Rye —No. 2. 684*68c. (Track prices. 28%c rate). Wheat—No. 1 red. 83"83%c: No. 2 red, 824*82%c. Corn—No. 2 yellow, 58 (?558%c: No. 3 yellow, 574*57%c: No. 4 yellow, 564i56%r Oats—No. 1 white, 44;? 44%c: No. 2 white. 43®44c; No. 3 white, 424* 43c. (Toledo seed close'. CloverCash. $8.25. Alsike—Cash. $8.50. NEW YORK, July 9.—Cash grain; Wheat —No, 2 red, $1.03%: No. 2 hard winter, $1.03%. Corn—No 2 mixed, 62%c. Oats —No. 3 white, 52%c. ST. LOUIS. July 9.—Cash grain close: Wheat—ln good demand. 1 to 3c lower on red and lc to l%c lower on hard grades: No. 1 red. 884*89’4C: No. 2 red, 87% 4* 89 'i c; early and closed at 87%c; No. 5 red. 85(<* 85%c; No. 1 red garlicky, 8445’88'c: No. 3 red garlickv. 83%4*87%c: sample grade red. garlickv. 82c; No. 1 red smutty 824*87%c: No. 1 hard. 88%@90%c; No. 3 hard. 88%c: No. 1 dark hard, 89%e; No. 1 mixed. 884*'89c: No. 3 mixed. 88c. Corn—ln fair demand. % to lc lower: No. 2 yellow. 59%c: No. 4 white, 61c. Oats— In limited demand, lc lower; No. 1 white. 45c: No. 1 mixed. 44c. Rye—No. 2. 69® 69 %C.

EXTEND SPECIAL DRY AREA FREIGHT RATE Reduced Cost to Continue for One Month. B;l Times Special WASHINGTON, July 10.—Freight rate reductions covering shipment of livestock and feed for the drought areas have been extended to Aug. 4. the agricultural adjustment administration announced today. These reductions, made by the railroads serving the drought area, were to have expired July 5. They were authorized by the interstate commerce commission. The special rates permit shipment of livestock to new feeding areas at 85 per cent of the regular rate, with theh privilege of return shipment at 15 per cent of the regular rate. This is designed to encourage return of foundation stock in order to maintain the beef and dairy industries and the drought states. v Under this reduction, grain and livestock feeds may be shipped into the drought region at 66 2-3 per cent of the normal rate, and hay at 50 per cent.

MiiiMiimii Corner Delaware and Washington Sts. Cash Purchase Sale! LADIES’ NOVELTY BOYS’ & GIRLS’ FOOTWEAR OXFORDS 300 pr. of higher priced shoes „ „„„ reduced. Reg. . 1.19 val. Etgsajgfb • Whites •Patents •Parch- Sizes 8% to ments •Kids. Extra wear in M Values Ynn’ll *'ci\ pair. Never Forget Wljf’ M £ WHILE 67 PAIR LAST ® ■ SHOES N°; o f sizes pp om shoe stork wS’l2%* Bo **' Was *" , *- 1 C7TWCS ~ OUlliJ t !I% S ® •Broadcloth —-v 2-P**eket, triple- ' stitched. All •Contrasting *l*e.Colors Jr' # ] (UNI bars VELLOW •Plain and 'UL Quick M* Naptha Soap SANITARY & Jlfi NAPKINS Box of 6 \ © Stylish Stouts Dress Sale Z 1 I nparked 11 *T • i ♦ .♦ • >IZL> 38% TO 52Vs Z'mW • FLOCK DOTS * • W- • / • CHIFFON VOILE ■■ wi ■** 307 • I AM* 2-PC. STILLS MAI • II MKD EYELETS ajßl 04.3*t •JSe . , *ijJ'%3 Lxerjr New summer Color, JH ■ j sffjwP.' Y . • i S|vie and rubric. UX'.X* J s- J Final Clearance 500 Ladies HATS Oft, i* / * J Toyo Panamas, asst, straws. ** !' * • 1 White and pastels. All head- ! ' • J sizes. m

PAGE 13

GRAIN MARKET QUIET; BUYERS AWAITREPORT Wheat and Corn Move Up Fractions as Oats, Rye Decline. BY HARMAN \V NICHOLS l nited Press Staff Correspondent \ CHICAGO, July 10—The tr 4 was awaiting the official gov*j/ 7 ment crop figures today and gr prices moved in a narrow range aft the opening of the Chicago Board of Trade. Wheat started % to % cent higher, corn was up % to % cent, oats were unchanged to off 1% cent, and rye was % cent lower to % cent higher. Some rains were reported over parts of the corn and oats belt but the northwest remained dry. Liverpool wheat was extremely quiet. CHICAGO PRIMARY RECEIPTS —July 9 —Bushels— Todav. Last week. Wheat 430.000 692.000 Corn 604 000 450.000 Oats 170.000 478.000 Chicago Futures Range —July 10Wheat— Prry. High. Low. in no, close. July 87% .86% .87% 86% Sept 88% .87% .88% .87% Dec 90 .89% .90 .89% Corn— July 56 7 a 56 .56% .55% Sept SB% .57% .58% 56% Dec 58% .57% .58% .57% Oats— July 42% .41% .42% .42% Sept 42% .42% .42% .42’% Dec 43% .43% .43% .43 Rve— July 64% .63% .64% .63% Sept 65% .64% 65% 64% Dec. ......... ,67% .66% .67% .66% Barley— Sept. .. .. .51% BUSINESS VOLUME OF HOME LOAN BANK UP Chicago Firm Reports 100 Per Cent Gain in Twelve Months. B.i/ Times Special CHICAGO. July 10. Federal Home Loan Bank of Chicago, according to Henry G. Zander, board chairman, increased their volume of business during the twelve months ending July 1, nearly 100 per cent. The bank on July 1 had $11,350.160 in outstanding loans against against $6,364,760 a year ago. The bank’s membership increased 127 during the year, bring the total to 299 members with total assets of $255,673,075. Most of the gain has been made within the last six months, it is reported. Mr. Zander announced that $6.637.095.35 has been advanced to these institutions during the last year and that repayments to the bank of one year memberships for seasonable demands amount to $1,641,711.97 to July 1. ASSETS MADE PUBLIC Private Firm Announces Total of $48,057,011 on June 30. Bp Times Special CHICAGO, June 10.—Brown Brothers, Harriman & Cos., private bankers, financial statement made public for the first time shows total assets of $48,057,014 and deposits total $22,177,678 as of June 30. A high degree of liquidity was revealed in the statement. Deposits against demand were $19,696,190 and time depostis $2,481,488 with the bank holding $9,434,218 in cash. Government securities and call loans or acceptances of other banks aggregate $19,392,618. Among liabilities the firm lists • acceptances, $13,444,539 and reserve for contingencies, $1,938,124.