Indianapolis Times, Volume 46, Number 53, Indianapolis, Marion County, 12 July 1934 — Page 15

JULY 12, 1934.

STOCK MARKET PRICES MIXED: TRADING DULL Gains, Losses About Evenly Distributed: Changes Fractional. BY ELMER f. WAI.ZF.R t'fittrd Staff Correspondent NEW YORK July 12.—Prices xer<* mixed at a quiet opening on the Stock Exchange today, while bonds were steady, silver strengthened and cotton lost a few points. National Distillers opened at 21 off . and then eased to anew low for the year at 21%. United States Industrial Aicohol lost ■% point to 41 while American Commercial Alcohol was unchanged at 32%. United States Smelting lost % point to 132 in the silvers. American Telephone made a similar deci.nr to 115. while Brooklyn Union Oa- lost a point to 66 in the utilities Other changes were fractional. Slight gains were made by United Aircraft. Columbia Gas. International Nickel. Bethlehem Steel. Republic Stoel and International Telephone. General Motors was unchanged at 32 : i. while Chrysler io% % to 41'z. Rail:, oils and amusements were steady while some of the coppers and special issues eased. Mercantile issues firmed. During the early trading volume continued small with price changes small.

Money and Exchange INDIANAPOLIS BANK CLEARINGS —Juiv 12— Clearing* $2 628 OW> 00 Debits 6957.000 00 FOREIGN EXCHANGE ißv Abbott. Hoppin At CO.l —July 11— Close. Burling Entlind .$504 frjnt Frinte 065 P Lira. Italy .0858 B*igis. Relglum 2336 Mark Germany ................... 383 K Guiltier. Holland 6779 Peseta. Spain 1368 Krone Nrav 2534 Krone. Denmark 2253 Treasury Statement ißy Untied Press! WASHINGTON July 12 —Government expenses and receipts for the current fl-cai year to Juiv 10. compared with ihe corresponding period ol the previous fiscal year. This year Last year. Fxpenses . t 201 328 105 46 1156 101.074 99 Receipts . 98 452.999 53 58 798.306 37 Deficit... 102.875 105 93 97.302.768 62 V Via nee... 2.58* 54* 774 22 Investment Trust Shares ißv Abbott. Hoppin &, Co.l —July 11 Bid. Ask Am Bank Stocks Corp 111 116 Am A- Gen See A 400 500 Am A: Inv Tr Sh 1 .5 . .. Baste Ind Shares 32. . British Tvpc Int Tr Sh .40 46 Cnlla’eral Trustee Shs A- 464 Corpnratcd Trust Shares midi 199 203 Corporate Trust Shares mew l 2 29 2.33 Cumulative Trust Shares 333 ... Puer.MOed Trust Shares A.. 62v DiverMned Trust Shares B . .6a <BS Diversified Trust Shares C 302 30. Diversified Trust Shares P .4 65 4.5 Kirt Insurance Stock Corp . .76 86 First Common Stock Corp ... -66 ,io Fixed Trust Oil Shares A ... .95 .... Fixed Trust Oil Shares A .95 Fixed Trust Oil Shares B 680 . . Fundamental Investors. Inc . 1?5 215 Incorporators Investments ... 17.a0 1. .5 1 and Bank Bond Shares 115 128 Low Priced Trust Shares .... 543 593 Mass Inv Trust Shares 18 68 20 30 Nation Wide Securities 333 3.J North Am Trust Shs 53> ... 185 . North Am Trust Shs .55-56 t.. 231 236 North Am Tiust Shs • 2.29 2.3 Selected Am Shares 116 1 Jo Selected Am Shares Inc 2 48 Selected Cumulative Shares .. 648 . • Selected Income Shares .3 3a 3.5 Btd American Trust Shares A.. 2.90 294 Trust Shares of America 2*4 2.^9 Trustee Std Oil A 545 SSO Trustee Std Oil B • • Jg ,5-4 V S Electric Lt A- Pwr A .. 12 50 12 .a Universal Trust Shares 29a 300 New York Bank Stocks ißv Abbott. Hoppin Ac Co.l —July 11— Bid. Ask. Bankers 83 JjiJ% Brooklyn Trust !*! !??, Central Hanover 130 130 _• Chase National 29’* -9 • Chemical 40% 40% National City 28 28 * Corn Exchan*# Commercial *- ii,* Empire- , Jr. i rss First National ,** 5 1 ”2 Guaranty 365 38 % Irvin* ;• Li,* Manhattan A- Cos 30 30^* Manufacturers • - 2 * New- York Trust 196'* 106 a Public 34 34 * Daily Price Index •Bv Untted Pressi NEW YORK. July 11—Dun A- Brad*tree 1 s dailv weighted price index ol thirtv haic commodities compiled lor the United Press .1930-1932 Average. 100. Today “f 15 Yestcrdair **•*< Week Aco Holtd.v Year Ago iJuiv 12> JJS-5J 1934 High June 191 *l3 68 1934 Low ijan. 3i 10105 G. M. JUNE CAR. TRUCK SALES TOTAL 146.881 Output Be>t for Any similar Month in Last Five Years. It-1 Ttmnt Special CHICAGO. July 12—June car and truck sales of the General Motors Corporation were reported to be the largest for the above month since 1929. World sales totaled 146.881 units against 132.837 for the preceding month of this year and 113.701 for June. 1933. The increase over May was 14.044 units, w.th the increase of the same month a year at 33.180. Total sales for June. 1934. is nearly three times that of 1932 United States dealers took 118.789 against 103.844 in May and 99.936 m June. 1933. Consumers received 112.847 against 95.253 in May and 101.827 in June of last year. Sales to United States consumers for the first six months numbered 494.972 as compared to 399.764 in the like period of 1933. The same period of sales to dealers were 592.867 against 427.762. World sales for the corresponding period totaled 750 276 against 498.622 a year previous.

U. S. RAINFALL LIGHTEST IN PRESENT CENTURY Drought Hits Whore Precipitation Is Needed Most. Bp T i nts Special CHICAGO. July 12— Rainfall in the United States in the twelve months ending May 31. was the lightest for any year in the present century, it is reported by Clement. Curtis A* Cos. A feature of the drought is that it was most severe in sections of the United States where rainfall is normally light and can least spare a shortage, from a crop production standpoint. North Dakota, which has a normal yearly precipitation of only 17 inches, had only 52 per cent of its normal, whereas the New England states with a normal of 41.5 inches and could spare some shortage had 3 per cent more than its normal.

—New York Stocks — ———— ,3, Abbott. Hoppin * Co.i ———————

AVERAGE STOCK PRICES FOR WEDNESDAY Net High. Low. Close, change. Thirty industrials M-35 98.12 98.67 -.60 Twenty rails 44.67 44.00 44.19 -.01 Twenty utilities 24.01 23.66 23.<2 .07 Forty bonds •••• 95.09 - .01 Ten first rails •••• 102.29 -.34 Ten second rails •••• 81.60 -.01 Ten utilities •••• •••• 98.87 Ten industrials •••• 9<-56 -r.14 -Off. -Up.

-July 12— Prev Oil, High. Low . 10 00 close. Amerada • ... *2 ‘ Atl Rfg 2 , i Rarnsdall 7 4 " i Consol OH ’J • Jeon- of Del Houston <new>.. .. ... ... 3 M:rt Cor.t Pet } 2 ’ 4 Ohio 0:1 U% }*:• Pet Corp }2- 8 Phillips Pe- * 7 8 18 8 P,-.mouth Oil 13 Pure Oil • Sbri 0,5 32 34’, Shell Cn B ‘* 8 ’ SkeJiev Oil * Soc Vac • 14 16% SO of Cal 35' , 35', 35', 35% S O "! N J *4 5 4 J 5 Sun Oil ® Texas Corp 24 2 Tittewitfr Assn- •• ••• 11% 12'4 of Cal 16 s * Steel,— MUla i? 7 B'-h S-eel 34', 34 Bvers AM 23', Col Fuel A- Iron -2-2 Inland Steel . .. ... 37 37 L Hum Steel Mid Steel 13 Na*l Steel . .... ... 4r, O' is S-ee| s’, Rep Iron A- Steel 17’, 17 Rep Ir A- St pfd 48 48 U S P ne A- Friv 23’ j U S Steel 40% | U S Steel pfd 86’, Warren Bro, J , Youngst n SAT 21 Motors— Auburn j.V* rhrv >r ... ... 41" 2 4l n.-n Motor, 32', 32 , Gm Motors pfd • - H) 3 * Graham oM’ ... .. ... •• , 2 Hudson Hupp --L* Mark Truck ‘6 i Nash ‘i." Packard “ 8 Sturlebaker ••• 4 * 4 Yellow Truck 4 * Motor Aeeaa— Bendix . ••• 15,* Bohn Alum 2 IL, 2 Borg Warner 23 , Bricgs 17,3 17 2 Budd Wheel 3 Eaton Mfg Li * Elec An’O Lite -31, -J Houdaille A ,7," Mullins Mfg pfd 3 i 3 ? Murray Bodv 8 " 2 4 Stew Warner ‘ Timken Roll , v Timken Det Axel 84 8 * Mining— Alaska Jun 22 1 , 22 , Am Metals Am Metals ■ e* Ain Smelt 4 2'a 42 42 2 4. 2 Anaconda 14 Cal A- Heels .S'* Cerro De Pasco . 42 Dome Mines 44 , 44 44 a 44 - Oran .... 401 Homestake Min Howe Sound se 4 IKSS5 r .-::. g;5 SfiSTS'-S?. r. '• Noranda Cop ... • ••- ?,■ Park Utah ... 4 >, 4', 4'. 4 * Phelps Dodge 18 if," St Joe Lead *L* U S Smelters 134 *|*' 4 Vanadium 21 8 Amusements— Croslev Radio .... ... Fox Thea •• 15 v i£, * Loews Inc 21 1 a 2< a 2< a 2 ‘ a Radio Corp B ” * RKO ~ 7* Warner Bros ..... ... 4* TobiffovAm Snuff 9o' 2 Am Sum ij," Am Tobacco B * 8 4 15 2 Gen Cigars 42 Lies A- Myers B ?i," Lorillard * 8 2 15, 4 Reynoils Tob 46’, 46 ~ Rails— Atchison Atl Coast Lines 55,* BA- O ?2l* fj, 4 Can Par * 4 4 14^, Ch A- Ohio 47 2 ’T * CMA St P , 4>, 4 , C M A- SI P pf L* Chi N W 8 Dela A Hud Del Lac A W 23', Gd (forth pfd 22'. 22*. 22'a 22 s , HI Central 24 4 Lehigh Valley .... }?, Ixiu A Nash a ", 4 Mo Pac . ", 4 Mo Pac pfd 5' 2 5 a N Y Cent 28 4 28 8 N Y New ,**. Norfolk A Wes * B3 4 Sou Pac 24- , 24 a 24-, 24_, Sou R R 22 1 , 22 -2 s 2Sou R R pfd ... 29’, 28 s , 28 1 , 29 Union Pac . ... ... ,i, 4 West Maryland 14 4 Equipments— Allis Chalmers J 5^ 4 Am Brake Shoe -'',* Am Loco 24 * Am Loco pfd .. ... •• • ?“ Am Mach A * 4 Am Steel Fdy *' 4 Bald Loco * Burroughs 13 a * 3 * Cater Tract 26t4 - 7 8 Deere A Cos 21 2 Elec Stor Bat 44 43', Foster Wheeleh J®. 8 Gen Am Tk Car • • 37, Gen Elec 20'2 20', 20'2 20 2 Gen R R Sig 34' 2 Ingsol Rand Int Bus Mach.. • • 's?, 4 Int Harvester . 33',33 3 ,33 1 , 33_, Natl Cash Reg * 8 8 Pullman Inc 49 ~ Rem Rand ••• ** Und Elliot 4.', West Air tßi 22 ‘ 4 Westingh Elec . .. ... 3,-* 38'*

Bright Spots —— ißv AODOtt Hoppin * Co.l

United Stores Corporation report a net profit for the past six months of $194 334 after charges. against $240 980 for the first half of 1933. Nippissint Mines deelares a dividend of It 1; eents a common shares, payable Aug. 15. of reeord .Aug. 1. Tobacco Products Corporation of New Jersey for the first half of the_ current vear " reports a net profit of $*5,181 as compared to $78,778 lor the same period last year. Canadian Pacific Railroad Company’ gross earnings from Jan. 1. to July *. TO-aled $59,552,000 against $53 040 000 for the corresponding period in 1933. Fleetrie production for the week ended July 7. was 1.1 per rent higher, as compared to a ? per rent increase in the previous week. New York Central Railroad Company car loadings for the week ended Julv <. totaled 80 372 against 90 697 for the same week in 1933. a decrease of 11.4 per cent. On Commission Row —July 12— Apples—Pane? Delicious. $2.50; Transparents. $2 50. Blackberries —16-qt. crate. $2. Cherries—Home crown. 16-qt. crate. $l5O __ Oranges—California. Sunkist. $5.25® $5 50: Valencies *5 50476 Lemons—Sunkist. *6.2506.75. Grapefruit—Florida seedless. s4oo't'4.is. Raspberries—Southern Indiana blacic. 24-pt. crate. 51.50: red. S2O 2 50. Cantaloupes—lndiana jumbos. 455. s2'u 250 standards. 455. $2 50: Honeyballs. 54.5 C Pears—Calavos. $3 50 per oox. Watermelons —Florida Watsons. 30-ib. averages. 75c. Bananas—Per pound. 5’;C. Vegetables— Sweet Corn—Home grown, dor.. 20c Cabbage—Home grown, ousnei. 50 a 60c. Celery—Michigan, flat boxes. $1.25: medium. doz.. 60c. Onions—Texas yellow. 50-lb. bag. sl. *5. Potatoes —Rural New York. 100-lb. bag. $1.65. Idaho Russets 100-lb. bag. *2.50; new. barrel. *2.90. Sweet Potatoes—Newt Alabama, bushel. *2.75. Beans—Round stringless. *1 50. Beets—New. 250 30c a dozen. Carrots—Home grown, bushel. *2: do*.. 35c. Cauliflower—Homegrown. busheL *2.50. Lettuce —Outdoor. 15-lb. basket. 85c: iceberg best. *4® 4 50 a crate Peas —California, case. *3 50. ( Radishes—Ohio 50 doz. bunches. 35c. I Rhubarb—Home grown, dozen. 25 -30 c. Spinach—Home grown bushel. 7oc. Tomatoes—Hothouse. 10-lb. basket. *1: original Tenn_ 30-lb. lug. *2 CHICAGO rtCIT MARKET ißv United Press* CHICAGO. July 12 —Fruits and vegetables Apples—lllinois Transparent. Sl'ft 2 bushel Carrots —California *2 * 3 crate: Illinois bunch. 2't2'-c Cucumbers—lllinois. 50c SI bushel Tomatoes—Tennessee *125 <i 1.50; Illinois, lugs 50® 75c. Sweet Potatoes —Tennessee. *2 bushel. Mushrooms —Illinois 25i40e lb carton. Peaches —Georgia. 60c® SllS 1 j *>i bushel*. Red Raspberries—Michigan, pints: black raspberries. $10135 Lettuce —California. *2 02 50 crate. Beans—lllinois bushel 75c’*l Cabage—lllinois. 75c fj 150 *4O-75 lbs.*. Celery—Michigan. 50e 65c crate. Onion market *SO lb. sacks*: California Yellow*, *1.1561.25; California Whites. 11.90.

I tiltiex— Am A For Pwr - 8N Am Power A Lit 7 7', A T A T 115 3 , 115 115', 116 Am Wat Wks .. 19’2 19', Brook Un Gas . 66 CH Gas A Ei ll 1 , 11', ll 3 , ll 5 * Com A Sou 2 2 Consol aGs . .. ... 33', 33', Elec Pwr A Lft 5 7 , 5 3 , Int Hydro Elec 6', Int TA T 12', 12’, L3U G A E 1A! 151* Nat Pwr A Lit. 10 North Amer I 7 1 71,4 Pac GA E 17’, 17’, Peoples Gas 31 , Postal Tel pfd. 20 Pub Serv N J .... ... 36 So Cal Edison 16‘a Std Gas 10', Std Gas pfd , 11'4 Stone & Wpgster . .. 7 _i“ United Corp ... s'* s', s’, oj, Un Gas Imp 16', 16', Western Union 46!* Rubbers— Firestone 17', IT, Goodrich 12 3 , Goodyear 2i’* 27 Kelly Spring 2V, U S Rubber 17 3 , 18 U S Rubber pfd. 44 44 Miscellaneous— Am Bank Note ,21V* Am Can 100 U Anchor Cap . - . •,, 20 Brklvn Man Tr . 41'.2 41 41 41'2 Cont! Can ■ • ■ 80 = Crow n Cork 2q-, Curtis Pub . 23'2 23'* 23', 23', Curtis Pub pfd . . 83 8 ? 2 Eastman Kodak _ 97 2 Gillette ...... 1156 ll’l 11 3 , 12 Glidden 25 Ty 251, 25’, 25*.i Inter Rappid Tr ... 9 9 Ravbestos Mfg .... ... It 2 Foods— Am Sugar ... 68 68'2 Armour "A” ••• 5H - 3 ’* Beatrice Cream.. • r • I<’* Borden Prod ... 27 3 , 2i' 2, 3 , 27 3 , Cal Packing . 35',,333,4 3 , 35', 34 , Canada D G Ale ■ 211a Coca Cola Corn Prod 68 2 68 3 , Cuban Am Sugar . B', B'.* Gen Foods 311, 31 31 31 Gold Dust • ■ G W Sugar ...33 3 341 J, 34', 35', Loose Wiles 43 Natl Biscuit. ?st, Natl D Prod 18 3 , IS 3 , Purity Bale 14 13 3 * S Porto Rico Sug 36’, 36', Std Brands 21 21 Un Biscuit 25", 25 3 , United Fruit HV, io'4 Retails Stores— Asso Dry Goods 11* Best A Cos ... ... ... 33 First Natl Stores 66' 2 Gr Un Tea S 3 ,

RAINFALL AIDS INDIANACROPS Fields Reported Greatly Improved by Heavy Precipitation. Heavy rains last Friday were exceptionally beneficial to corn, soy bean, field tomato, pasture and miscellaneous growing crops in the state, according to the United States department of agriculture in their report for the week ended Tuesday. The report stated that the rains, following the extremely hot deather which prevailed during the first part of the month, were especially helpful to corn, which grew rapidly during the week in most areas. Early fields in the northern section of the state are beginning to show tassels and shooting is reported in the south. Height of corn in the southern section range up to six feet. Wheat harvesting in the north is completed and thrashing begun, while in the central and southern portions more than half of the crop has been put through the machine. Quality and yield, considering the severe drought, is good. A small percentage of the oats crop has been cut, but considerable abandonment has taken place in the state. Sugar beets also are considered mostly a failure, being rather too small for the season. Some early beans are beginning to show blossoms throughout the state, and last seedings have been completed in the south. Hotbed cantaloupes are being harvested in the southwest. FALSE ADVERTISING ON RADIO IS INVESTIGATED Sweeping Clean-Up Drive Opened by Federal Board. By f niter} Press WASHINGTON, July 12.—False radio advertising was the object today of a sweeping clean-up drive by the federal trade commission. More than a dozen radio advertisers, the United Press learned, have been cited for hearings next week to show cause why formal complaints should not be issued against them. They are charged with making false and misleading claims regarding their jiroducts.

Produce Markets Delivered in Inaianapoils prices: Heavy hens. 10c Leghorn hens, 7c 1934 broilers, 2 lbs. and over. 16c; Leghorn broilers I*2 to 2 lbs. and over, 14c bareback broilers 11c: oid roosters. 4c: ducks and geese. 3c: voung guineas. 1M 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, S7®2Bc; No. 2 25026 c. Butterfat. 22c: Quoted bv Wadlev Company <Bv United Pressi CHICAGD. July 12— Eggs—Market firm: receipts. 7,930:' extra firsts. 16'_-c: fresh graded firsts. 16c current receipts. 130 14c: dirties: No. 1. 12 ! 2c: No. 2. 11'2C; checks: No. 1. 12c: No. 2. 11c. ButterMarket steadv. receipts, 14,399; extra firsts 90-91'2 score. 22';0 22 3 4c; extras. 92 score. ?3'2C: firsts 88-89'2 score. 21'20 22c seconds. 86-87' 2 score. 20 0 20'2c: specials. 24024'ic: standards. 23'2C. Poultrv—Market easy: receipts, 36 trucks. 3 cars due Leghorn hens. 8'209'2c: frvers colored. 17 :21c: colored broilers. 18c: spring geese. 11c. turkeys. 14c: old roosters. 9c: Leghorn broilers, under l’a lbs. 13c: old ducks, small. 8c: ehavv spring. 14c: springers, colored. 21® 23c: rocks' 23>2c: hens. 12' 2 c: black chicks. 14® 15c: cocks. 9c. Cheese—Twins 11*4® 12' 2 c: Lefhorns. 12V5>13c: daisies. 12U 7 12 3 4C Potatoes—Supply moderate: demand and trading slow: market about steadv Cobblers —Virginia. *l3o® 1.45. slightiv decayed. *1.1501 20: Missouri, partlv’ decaved. 75c*’1: Illinois, showing decav si 25. Triumphs—ldaho. SI. < 5: North Carolina. $1 50 Barrel Cobblers— Virginia *2.30® 2.40: North Carolina. *2.30. Arrivals, 126: or. track. 332: shipments. 1.012. NEW YORK. Julv 12 —Potatoes—Firmer: Long Island. *2®2.13 barrel. New Jersey. 165®2 barrel: southern. *lO2 barrel. Maine. sl® 115 barrel. Sweet potatoes— Easy Jersev basket. $1®2.25: southern basket. 75c® S3. Flour—Higher: springs: patents. $6 90* 7.15 barrel. Pork—Firm: mess. *l9 75 barrel. Lard—Firm: middle vest spot. *4.750 4.85 a 10C !b0 Dressed poultrv—Steadv: turkeys. 1202*c; chickens 9®27c: broilers. 1.®27c: capons. -50 35c fowls 10018 c duck 13014 c: Long Island ducks. 13® 15c. Lift -P ou '^7 _ Steadv: ceese. *c turkeys. ll®l.c. ,oost-e-s 9'll 10c: ducks. 80 11c: fowls. 12®15c. broilers 15® 26c Cheese-WeaK: state whole milk, fancy to specials. 18® 19c, Young America lS 3 ,®14c Egg-Receipts. 16 °47 cases, market, firm: special pack*, including unusual hennery selection. 180 21*2C standards. li’zc; firsts. 16c: second's. 15c: mediums. M'2O M dirties. 14'.015c: checks. 13Vs0l4c. Butter—Receipts. 14 873 package': market, about steadv; creamery higher than exir&S. 24 4 ®2sc: extra '92 score*. 24c: first, 90-91 score*. 23’2®23 3 4c; first 88-89 score* 22'.0 23c; seconds. 220 22Uc centralized *9O score*. 23* ; c centralized *BB-89 scores 22 3 . ®23c, centralized (84-87 score, 22& 22 ‘ 3 c.

THE INDIANAPOLIS TIMES

Hahn Dept Sts.. •• ... ••• SI, Kresge 8 S 19 3 w 191a Kroger Groc 31V, 31Y, Macy R 42 Marshall Fields 15’, May Dept St 38 3 i 38* Mont Ward 29'i 29 29 29 Natl Tea . 11 7 , Penney J C .... . .. . . 61', Safeway St .... 51V 3 51’i 5Li 51’, Sears Roebuck.. .. ... 44", 44V, Woolworth 50 Aviation— Aviation Corp .. .. ... S’i s’, Curtiss Wright 3 Curtiss Wr A 9 s , Douglas Air 20'2 Nor Am Av 4'i 4', Speery Corp . 8 3 , B'/, B', B', United Aircraft. 19’, 19 19 18 3 , Wright Aero 52 52 Chemicals— Air Reduction ... 101 Allied Chem 137 1 , Am Com Alcohol .. ... 32 1 2 32‘2 Col Carbon 14 Com Solvents 21 7 , 22 Dupont 92’, 92 , 2 Freeport Tex ...33 3 , 33 Liquid Carb 27 1 2 27'2 Math Alkali 33 3 , Montosonta Chm . ■ . 53 Natl Dis (new). 21', 21 'i 21', 21 3 b Schenelev Dist . 25'2 25 3 , Tex Gulf Sulph. 34 33’, 33’, 33'; Union Carbide 44', 44', U S Indus AIC. 41’* 42’2 Drugs— Coty Inc 6’ 8 Lambert ... ... 26 Lehn A Fink ... 19' 2 Un Drugs 14% 14;, Zonite Prod 5:4 Financial—.idams Exp B'i B'k Allegheny Corp .. ... ... 2', Am Int Corp ... B', Lehman Co-p 71', Transamerica 6'k 6', Tr Conti Corp 4 3 , 4% Building— Am Radiator 14U 14', Gen Asphalt 18'2 Int Cement 24', Johns Manville 54 3 , Libby Owens Gls 32' , s 32 32 32 Otis Kiev ... ... 15'2 Ulen Const 2 Household — Col Pal Peet ... 16', 16 16', 16% Congoleum ••• 28'8 28 Kelvinator ■ 16's Mohawk Carpet 17 18 Proc A Gamble 37 36_, Simmons Bed .... 15V, Textiles— Amer Woolen .. •• ... ••• JJ Belding Hem 12 s J 2 Celanese Corp . 2 1,. Collins Aikman . 15-14 15', 15 3 ,4 1 3 4 Indus Rayon. 24 3 4 New York Curb (By Abbott. Hoppin A Cos.) —July 11Close 1 Close Allied Mills .. 8 3 s Gulf Oil of Pa 64 3 4 Am Cyanide B 19 3 , Hirm Walker... 33% Am A For P W 5*4 Hud Bay Min.. 13 3 , Am Gas AEI . 27%Humble Oil • ■ 43% Am Superpower 2% Imperial Oil Ltd 14% Asso Gas A El 3 4ilnt Petrol ..... 27% Atlas Corp . • 10% Lake Shore IMn 54% British Celanese 3 |Libby McN Libby 5% Can In Ale <A B'4!Lone Star Gas . 3-, Can Marc 2 1 /,iNatl Bellas Hess 3% Cities Serv 2% Newmont Min .. 5%, Commonw'th E 56 5 , Nia Hud Pwr.. 0% Cons G of Salt 67'glNovadel Agene.. 20 Cord Corp .. 3%iPan-Am Airways 40% Creole Petrol . 12'/, Park Davis ... 25 Crown C’k Inti 6 3 , Penn Road ... 2% Deere &Cos ... 21%'St Regis Paper. 3 Distillers Lim . 22'| 8 Sal Ck Products 6'/, Distillers Corp. 14 Bherwin Wms .. 71% Dow Chem 73 iStd of Ind 27'/, E Bond A Srare 15 IStd of Kv .•• • • 16% Fisk Rubber . 9 3, ,'Technicclor Ind 13V, Ford of C lAt 20', Teck Hughes G 7 Ford of Europe 7 3 ,Un Gas s', 4 Gen Aviation . 4% Un Pwr ALt A 2 , Glen Alden C. 22 r :,:Wr Hargraves M 9%

Chicago Stocks (Bv Abbott. Hoonin & Cos.)

—July 12High. Low. 11:00. Borg Warner ••• 22% Butler Bros 9% 9% 9% Bcrghoff 6 5 a 5 a Cent So West ... % Chicago Corp com 2 % Chicago Corp pfd 27% 27% 27% Cities Service 2 Commonwealth Edison 56% Cord Corp ■*••• 4 37a 4 Crane Cos % Great Lakes Dredge ... •• } 7 % Gen Hse Hold Util ... 11% 10% 10% Iron Fireman 15% 15 15 Libby McNeil % Middle West Utilities % National-Standard 25% Prima Cos. 4 Quaker Oats -• 119.2 Swift & Cos. 18% 18 18 Swift International ... 32% 32% 32% Thompson. JR 6

Bond Prices ""' Bv Fenner & Beane!

—July 12High. Low. 10:00. A T * T db 5s '65 ...111% 111 111% Atchison gen 4s '95 105% 105',a l^! 2 B & O cv 4%s '6O 65% Beth Steel 5s A ’36 -- ••• Can Pac 4s ’57 84% 84% 84% C & Oss A '39 ~ ■• ■ 111 . ChMStPA'P adjssA 2000 12’a 12% 12'a ChMStP&P rs 5s A '75. 38% 38% 38% Cons Gas N Y 4%s ’sl J 0 5% Det Ed 5s E ’52 , 1 g 7 % Erie RRrf 5s '67 74% 74 , 74% Goodyear 5s ’57 103 102,2 7 021a Gt Nor 4%s D ’76 ... 77 , Gt Nor 7s A '36 •• 95'* Interboro RT 5s '66... 74% 73-a <4 4 Int T & T db 5s ’55 66 65% 66 McKess & Rob 5%s 50 . 83 Nat Dairy db 5%s ’4B . 99% 99 a 99% N Y Cent 4%s O 2013.. 75% 75% (5% Nor Am 5s ’6l • • Pac Gas & El 5s A ’42.107% 107 Penn R R 4%s D ’81... 97% 97% 97% Poland 7s ’47 7 13% Shell Un Oil 5s ’47 100 Sin Cons 6%s B 38 105 Texas Corp 5s 44 Jx 3 - 4 Tob Pr N J 6'jS 2022. . - 106% Un Pac Ist 4s '47 ...107 106% 106% U S Rubber 5s A ’47 85'2 Vanadium 5s '4l ••• 83 Ygstwn S & T 5s B ’7O 84% TJ. S. GOVERNMENT BONuS (By United Press) NEW YORK. July 11—Closing Liberties (decimals represent thirty-seconds): —Liberty—--3%s (32-47) J 04.12 First 4%s (32-47! 103.19 Fourth 4%S (33-38! 103.28 —Treasury—--4% 3%s (45) 104.22 4%s (47-521 IH. 3%s (43-47) 105.1a 3%s (41-431 March 100.20 3%s (40-43) June }SS ? 6 3% s (43) 105.18 3%s '46-49) 103.1a 3s (51-55) 102.13 FEDERAL FARM LOAN BONDS (By Blyth fz Cos., Inc.) —July 11Bid. Ask. j 4s Nov. 1, 1957—37 100% 100% 4s Mav 1, 1958—38 100% 100 3 , 4%s JulV 1, 1956—36 100% 100% 4%s Jari. 1. 1957—37 100% 101% 4%S Mav 1. 1957—37 100% 101'a 4%s Nov. 1. 1958—38 101% 102% 4%s Mav 1, 1942—32 100% 100’a 4%s Jari. 1, 1943—33 100% 100% 4%s Jan. 1, 1953—33 100% 100% 4%s Juiv 1, 1953—33 100% 100% 4%s Jari. 1. 1955—35 100% 101 4%s Jan. 1. 1956—36 101% 102% 5s Mav 1. 1941—31 100% 101% 5s Nov. 1. 1941—31 100% 101% Home Loan 4s July 1. 1951 101.05 101.11 Federal Farm Mortgage Corporation 3%s March 15, 1964—44 102.08 102.12 The latter two quotations are in thirtyseconds.

Gone, but Not Forgotten

Automobiles reported to police as stolen belong to: James L. Brown. 932 East St. Clair street, Chevrolet coach, 26-271. from rear of home. Louis Swift. 2735 North Meridian stree 4 . Plymouth caoch. 8-253. from in from of home. Louisa Grose, Thirtieth street and Lafavette road. Chevrolet coach. 91-865, from' Ohio street and Capitol avenue. C. J. Fishman. 3510 North Pennsylvania street. Plymouth sedan, 114-026, from in from of home. Susie E. Brouse, 1424 Milburn street. Ford coach Model T. 86-805. from Capitol avenue and Market street.

BACK HOME AGAIN

Stolen automobiles recovered by police belong to: Katherine Newton. 519 Patterson street, Ford V-8 coach, found at 600 West Twen-tv-seventh street. stripped of three wheels and three tires. Chevrolet coach, no license plates, no certificate of title, found at 2315 Schofield a\enue Chevrolet coupe, no certificate of title and no license plates, found in rear of 1215 North Pennsylvania street. In the Air Weather conditions at 9 a. m. West wind, 8 miles an hour; temperature, 72; barometric pressure. 29.92 at sea level; general conditions, high overcast with lower, broken clouds and light rain; ceiling, 2,500 feet; visibility, ten miles.

HOG QUOTATIONS REMAIN STEADY AT STOCKYARDS Cattle, Vealers Also Firm: Lamb Prices Advance 25 Cents. Trading in the hog market turned steady today at the Indianapolis Union Stock Yards, and bulk heavier hogs brought sellers prices ranging between 54.75 and 54.90. the same as yesterday’s quotations. A few lots of the best of this weight held up to 54.95. Today’s trading marked the first time this week that prices of swine did not show a decline, and buying was fairly active. Receipts numbered 4.500 and holdovers totaled 215. Medium weights, quoted at 54.40 to 54.65, light weights at $3.30 to 53.85 and light lights at $2.25 to $3, also were in demand. Packing sows held around $3.50 to $4.25. The cattle market also was steady with reecipts totaling 500, the smallest this week. A few beef steers brought prices ranging between $4 and $6.40. One load of heifers was offered at $6.50 while several other lots of lesser quality ranged from $6 downward. The bulk lot of cows were being sold at prices of $2.50 to $3.50 while low cutter and cutters were being disbursed at $1.25 to $2.25. Vealers continued to be unchanged, prices for the receipts which totaled 600 holding steady to $5.00 down. The lamb market also showed a reversal of the markets for the previous days this week and turned strong to 25 cents higher. Good ew e and wether stock ranged between $7.50 and $7.75, with bucks selling at $1 less. Receipts of sheep were 500. Throwouts departed at prices of from $5.00 to $6.00 and young breeding ewes brought prices ranging up to $5.00. Slaughter sheep continued to sell for $1.50 to $2.50. The Chicago livestock market reported 20.000 hogs this morning, including 5.000 directs. Holdovers numbered 4,000. Early bids were fully steady with yesterday’s average at $4.80 downward. Cattle receipts numbered 9.000, including 4,000 government cattle, and calf receipts 4.000, including 2.500 government stock. The market was steady. Trading in the sheep market turned steady to weak. Receipts totaled 10,000.

July Bulk. Top. Receipts. 6. $4.55(5) 4.70 $4.90 7,500 7. 4.70(5) 4.85 5.00 2.000 9 4.80(3! 4.90 4.95 8.000 10. 4.75(3! 4.90 5.00 6.000 11. 4.75@ 4.90 4.95 6.000 12. 4.75@ 4.90 4.95 4.500 Market Steady. (140-160) Good and choice...* 3.65(3! 385 —Light Weights—-(l6o-180) Good and choice ... 4.40'5 I 4.50 (180-200) Good and choice ... 4.60® 4.65 —Medium Weights—-(2oo-220) Good and choice ... 4.7545! 4.80 (220-250) Good and choice ... 4.80(3! 4.95 —Heavy Weights—-(2so-290! Good and choice ... 4.90@ 4.95 (290-350) Good and choice ... 4.80® 4.90 —Packing Sows — (250 down) Good 3.85(9) 4.35 (250 lbs.) Good 3.75® 4.00 (All weights) Medium 3.50® 3.85 (100-130) Good and choice.... 2.25@ 3.60 - CATTLE Receipts, 500; Market, Steady. Good and choice $ 6.50® 9.00 Common and medium 3.00@ 6.75 U.IOO-1,5001-Good and choice 7.00® 9.50 Common and medium 5.25® 7.50 (675-750) — Good and choice 5.25(9) 6.75 Common and medium ...... 2.50® 5.25 (750-900) Good and choice 5.25® 7.00 Common and medium 2.50® 5.25 —Cows— Good 3.25® 4.00 Common and medium , 2.25® 3.25 Low cutter and medium 1-25® 2.25 Bulls (yearlings excluded) Good (beef steers) 2.50(9) 3.50 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts, 600; Market, Steady. Good and choice $ 4.50® 5.00 Medium 3.00® 4.a0 Cull and common 2.00® 3.00 —Calves— Good and choice ~ Common and medium 2.50® 4.d0 —Feeder and Stocker CattleGood and choice Common and medium 2.75® 4.00 (800-1,500) . Good and choice Common and medium 2.i5® 4.00 SHEEP AND LAMBS Receipts, s<k); Market, Higher. Lambs, 90 lbs. down, good and choice $ 7.25® 7.75 (90-110 lbs.) Good and choice 7.00® 7.n0 (90 lbs. down) Com. and med. 5.00® 7.00 —Ewes— Good and choice Common and medium I.ooa/ 2.00

Other Livestock (By United Press) CHICAGO. Julv 12—Hogs—Receipts. 20.000. including 5,000 directs; active. o®loc higher than Wednesday; 220-320 lbs.. *4.7? (6 4 85' top. $4.90; 170-210 lbs.. s4.2a® 4.80: light lights. *3.50*4.10: pigs. $2 50® 3.25; packing sows. $3.800 4.15; light lights. 140-160 lbs., good and choice. $3.40 0 4.25: lightweights, 160-200 lbs., good and choice. $404.75; medium weights, 200-200 lbs. good and choice, $4.600,4.90; heavyweights. 250-350 lbs., good and choice. $4.750 4.90; packing sows. 275-550 lbs., medium and good, $3,50* 4.25; slaughter pigs. 100-130 lbs., good and choice. $2.50® 3.40. Cattle—Receipts. 9.000: calves, 4,000: general market fairly active: strong to 2oc higher than early Wednesday: strong with that day's close on strictly finished steers and vearlings offered: best around 1,300 lb. steers. $9.60; choice, 700-lb. heifers, 56.75: heavier kinds, $7: strong weight cutter cows. $2.35; heavy sausage bulls upward to $3.65; selected veaelrs, S6 6.25; bulk. $5*5.50; slaughter cattle and vealers: Steers. 550-900 lbs., good and choice. $5.750 8.25; 900-1.100 lbs., good and choice. s6® 9.25; 1.100-1.300 lbs., good and choice. $6.25* 10.25: 1.300-1,500 lbs., good and choice, $7.25*010.25; 550-1.300 ids., common and medium. $2.75* 7.25; heifers, 550-750 lbs., good and choice. $0.25*7.20; common and medium, $2.250'S 50: cows, good. $3.500 5; emmon and medium. $2.30 0 3.50: low cutter and cutter cows. $1.25®, 2.35: bulls, vearlings excluded*. good, beef. 53.25: cutter, common and medium. 52.2:> 0 3 65; vealers. good and choice. $4.50* 6.25: medium, $3.50 0 4.50; cull and common. $2.500 3.50: Stocker and feeder cattle: Steers. 550-1.050 lbs., good and choice. $4 25*5.50: common and medium. 52..->o® 4.25. ’ Sheep—Receipts. 10.000: lambs slow: undertone weak to 25c iower: early top. 58.25: other sales and bids, 57.75i8: rangers as vet unsold; down, good and choice. $7.40* 8.25; common and medium $5.75* 7.50: ewes. 90-150 lbs., good and choice. 51.7502.75: all weights, common and medium. $1.25*2.25. LAFAYETTE. July 12—Hogs—Market steady; 250-300 lbs., $4.80; 300-325 lbs., $4.70: 225-250 lbs., 54.75. 210-225 lbs.. $4.70 : 200-210 lbs.. 54.60: 190-200 lbs.. $4.50: 180-190 lbs., *4.40; 170-180 lbs., $4.30; 16C-170 lbs., $4.20; 150-160 lbs., $3.60; 140-150 lbs., 13.35: 130-140 lbs., $3.10; 100-130 lbs., $202.75: roughs. $4 down: top calves. S4: yearling lambs, $7; spring lambs. $707.50. ißy Times Special) LOUISVILLE, July 12 —Cattle—Receipts, 150; supply light, quality plain: market generally steady: bulk common to medium steers and heifers. $3.50*5: few low qualitied grassv cutter grade steers and heifers down to around $2 50: strictly good drv fed vearlings eligible to around 16.50; bulk plainer grade grassy beef cows. $2.50*3; good kinds and smooth heifer tvoes to 53.50 and above; low cutters and cutters. $1*2.25: sausage bulls mostly S3 down; most light Hereford stockers, s4® 450 inferior and common native and southerns. 52.25® 3.50. Calves—Receipts. 350 market steadv; bulk better vealers. *4*4.50: strictly choice handiweights. *5; medium and lower grades. $3 50 down. Hogs—Receipts. 900: market uneven, due to change of sort; mostly steadv; top and bulk desirable. 210-300 lb. weights. $4 90. 185-205 lbs.. S4 70. 305 lbs. up. S4 20 160-180 lbs . $3 90: 145-155 lbs., S3 55 120-145 lbs , 52.15: sows. *2 65: grassv and unfinished hogs discounted. Sheep—Receipts. 2.000; supply light: quality generally plain: run includes several decks rail lambs; market generally steady, considering wet fleeces; bulk better trucked in ewe and wether lambs. $70.7.25; fewchoice strong weights and most overnight and rail lambs. 57.50; practically nothing eligible above: bucks discounted, SI per cwt.; most light medium lambs. *5.50® 6: throwouts. *5 down; bulk fat ewes. *lO 2: stock ewes salable mostly *5.50*7.50 a bead.

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

Market Average 0 * Twenty Active Issues Listed on the N. Y . Stock Exchange .

MAV JIiHC JULY t *4-11 IS A M I# IT t * 0 : -i-b-LLh- —1= -—; > t j —i| Ij . !—Z j • 170 .1-1 i ! I I TO 1 j .1.1 I 111. ! 9 1 •Ii ii ; 1 ! . 1 "71! 1 I 1 I 1 1 I 7 : 4 — l ——!--! ■■■■ i i—j— 4 - 4) 1 1 111 5 I I , ! . I- J 1 : 1 4i| 1 ■ 1 - 11,1 V- ! *1 '•' c 1 T— . "11l I” e7oJ-\j -.ULa-Z^:——a, a -— -1 ———~ * s a.,.. VOU. OOuaLEO 1 f 1 j? i °‘°° /-XTlidbAVy H 1, g a— j j J —1 —I ' : £ “jooh| —j-l g . Ji:. 11. illfnirm! n . jTlllfi i mfiiiif YijtV— S 1

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

More Than $100,000,000 Being ‘Made Good’, to Closed Bank Depositors

Suits for Collection of Assessments Already Instituted. BY RICHARD L. GRIDLEY United Press Financial Correspondent (Copyright. 1934. by United Press) WASHINGTON, July 12.—More than $100,000,000 is being “made good” to depositors in banks closed since the start of the depression by heavy assessments on many bank stockholders, official and private figures showed today. Suits to collect the usual 100 per cent assessment against bank stockholders in closed institutions have been instituted by both the controller of the currency and state banking authorities. Only a small portion of the more than $100,000,000 to be obtained for depositors is yet available due to litigation. difficulty in liquidating affairs of closed banks and inability of many bank stockholders to pay their assessment. The stock assessments are added to the assets of the closed bank and ultimately distributed pro rata to depositors. Moreover, the $100,000,000 is only “small change” when compared with the estimate by Jesse H. Jones, chairman of the Deconstruction Finance Corporation, that depression losses in closed banks will run to $3,500,000,000. Stockholders in closed national

U. S. STEEL SHIPMENTS ADVANCE DURING JUNE Increase Carries Month’s Total to $985,337 Tons. By United Press NEW YORK, July 12.—Shipments of finished steel products of the United States Steel Corporation in June increased 240,274 tons to 985,337 tons, the company announced yesterday. Shipments in May were 745,063 tons and in June, 1933, were 603,973 tons. In June, 1932, shipments were 324,746 tons and in June, 1931, were 653.104 tons. For six months ended June 30, 1934, shipments totaled 3.678.895 tons as compared with 2.212,420 tons in the first half of 1933. U. S. DOLLAR STEADY London Market Places Value of British Pound at $5.05. By United Press LONDON, July 12.—The dollar was steady today with the pound at $5.05. Gold rose Vs cent to $45.76’j a fine ounce with the sterling rate 137 shillings IV 2 pence, up Vs penny. Yesterday’s price was fixed with the pound at ss.l4’s. PARIS. July 12.—The dollar was slightly stronger today. Francs were 15.16 to the dollar 16.596 cents a franc). Births Girls George and Virginia Gibbs, 720 East Fifty-second. George and Jennie Curtis, Coleman hospital. Samuel and Winifred Empson, Coieman hospital. Clarence and Evalin Lockwood. Coleman hospital. Charles and Lydia Lukenbill. Coleman hospital. Claude and Mildred Parker, hospital. Harry and Marcella Peterson, Coleman hospital. Harold and Roma Sackmire. Coleman hospital. Fredrick and Mary Sauerteig. Coleman hospital. Merrill and Lorene Scott. Coleman hospital. Gilbert and Garnet Sears, Coleman hospital. Wallace and Ocie W r ininger. Coleman hospital. Boys Robert and Ruth Alley, Coleman hospital. Dale and Ruth Brown, Coleman hospital. Burl and Mary Buis. Coleman hospital. Fredrick and Mary Challis, Coleman hospital. Paul and Martha Kramer, Coleman hospital. Harley and Ruth Legg. Coleman hospi Paul and Mary Powell. Coleman hospital. Clarence and Lucille Allen, Coleman hospital. _ „ , John and Rosalie Sweeney, Coleman hospital. Deaths Emilv Blanche Malloy. 51, Methodist hospital, chronic myocarditis. Clara McCain. 64. Me’hodist hospital, acute pyelonephritis. Margaret Laird Runnels. 78. Methodist hospital, carecinoma. Ruby Malott. 38 Central Indiana hospital, acute cardiac dilatation. George Elzy. 2. city hospital, broncho pneumonia. Other Livestock By United Press FT. WAYNE. July 12—Hogs—Market steady; 230-300 lbs.. S4 80; 200-250 lbs., $4 65, 180-200 lbs., *4.50; 160-180 lbs., *4 35c 300-350 lbs., *4 75: 150-180 lbs , *3.50 140-150 lbs . *3 25: 130-140 lbs.. *3: 120-130 lbs , *2 50; 100-120 lbs . *2 25; roughs. S3 50; slags, *1.75; calves, *5; iambs, *7.50.

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

banks are now being assessed at the rate of more than $6,000,000 monthly, J. F. T. O’Connor, controller of currency, reported today. The average monthly rate for nonnational banks is believed to be in excess of this. In the first six months of this year O'Connor levied assessments of $38,128,750 against stockholders in 336 closed national banks. In the year ended Oct. 31. 1933, assessments of $56,900,000 were made against shareholders in 348 closed national banks, a total of nearly $100,000,000 for these two periods. More than $100,000,000 additional is believed sought by state authorities from shareholders of closed nonnational banks. State and national bank officials, however, are usually lucky to collect as much as half of the assessments made because of difficulty in enforcing collection and because many bank stockholders are wiped out when their bank fails. Far less than half of the assessments against stockholders in closed national bank have actually been collected by receivers since the national banking system was established in 1865, according to figures supplied by O'Connor. Between 1865 and 1933 stockholders of closed national banks have been assessed $245,613,325, of which only $90,784,540 had been collected up to the end of last year. The latest step by the federal government toward cleaning up closed banks was taken here over the week-end when assessments aggregating $3,340,000 were made against shareholders of five Washington, D. C„ banks. Stockholders of several hundred additional banks in various sections are expected to be assessed double liability in the near future, which will virtually clean up the situation so far as national banks are concerned. No national bank has failed since Jan. 1, when the federal deposit insurance corporation began operations. In the Cotton Markets —July 11— CHICAGO High. Low. Clos-i. January 13.23 12.95 13.23 March 13.33 13.05 13.33 Juiv . . . 12.92 October 13.07 12.75 13.06 December 13.20 12.90 13.20 NEW YORK January 13.20 12.86 13.19 March 13.28 12.95 13.27 Mav 13.37 13.01 13.36 Juiv 12.80 12.49 12.79 October 13.00 12.66 12 98 December 13 15 12.81 13.13 NEW ORLEANS January 13.12 12 96 13 12 March 13 21 12 93 13.21 Mav 13 23 12.99 13.28 Juiv 12 81 12.43 12.76 October 12.97 12.62 12.96 December 13,12 12.78 13.11 N. Y. Coffee, Sugar Futures COFFEE —July 11— —Santo,— High. Low. Close. March 10.55 10.38 10.38 Mav 10.62 10 40 10.44 July 9 80 9.65 9 65 September 10 24 10.06 10.06 December 10.49 10.25 10.28 —Rio— January 7.76 March 7 95 7.80 7 81 May 8 08 7.90 7 90 July -. . . 7.48 September 7 60 7.59 7.59 December 7.71 sugar High. Low. Close January 1 84 1 83 1 34 March 1.89 1,87 1 38 Mav 1 93 1 92 1.92 July - . . . 1.70 September 1.76 1.74 1.75 December 1.83 1.82 1.83 Retail Coal Prices The following prices represent (nictations 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 5.50 Brazil mine run 5.25 Coke, nut size 8.25 Coke, egg size 8.25 Indiana forked lumD 6.00 Indiana egg 5.75 Kentucky lump 7.00 Pocahontas lump 8.00 Pocahontas egg 800 Pocahontas forked lump 9.00 Pocahontas mine run 7.25 New River t nokeiess 8 00 West Virginia lump 6.75 West Virginia egg 6.50 Island Creek 7.00 Extra charge of 50c a ton for wheeling seal, and SI a ton for coal carried to bin Quarter Earnings Drop fc'y ’l l me Special CHICAGO, July 12.—Net earnings of the United Corporation of Delaware in the quarter ended June 30, totaled $2,534,614 after all charges equal to 4 cents a share on the common stock against $2,540,047, or 5 cents a share in corresponding period last year.

LEADING NEW YORK CITY & CHICAGO BANK STOCKS BOUGHT—SOLD—QUOTED BLYTH & CO., INC. MWIOrT 1 * 1 T CHJCA®O ROSTOV AAV FRANCISCO

PAGE 15

WHEAT FUTURES MOVE TOWARD DOLLARLEVEL Rise 1 to 3 Cents in Hectic Session: Rains Cause Corn Drop. RY HARMAN \V. NICHOLS } I nilrd Prrss Staff Corrfsnondrnt CHICAGO. July 12—Wheat prices continued to work toward the dollar line today at the opening of the Chicago Board of Trade when bullish enthusiasm still persisted. Coin dropped sharply. At the start wheat was up 1 to 3% cents, corn was off % to 4 cents, oats were off •% to % of a cent and rye was up to a cent. Rains were reported over parts of the corn belt and this news brought sellers into the yellow cereal. Rye sold along with wheat although the advance in the latter grains was not as pronounced. Oats were lower. Liverpool remained firm. Chicago Futures Range —July 12— Wheat— Prey. High. Low. in no. close. July 94.93'4 .94 .92’* Sept 96 .94 .94% .93'* Dec 98 .95% .96% .95 Corn— July 6n .58% .59 60% Sept 61 % .58 .60% .62 Dee 61% .59% .60', 62 Oats— Juiv 44% .44% .44% 44% Sept 45% .44% .45 .45% Dec. 46’* .45 3 , .46 .46% Rye— July 70 .69% .69% .69% Sept 71 .70 .70% .70% Dec 72% .72% .72% .72 Barley— Juiv .. 57% Sept 58 .57'/, .57% .56% CHICAGO PRIMARY RECEIPTS —July 11— —Bushels— Today. Last week. Wheat 597,000 Holiday Corn 539,000 Holiday Oats 84,000 Holiday

Cash Grain

INDIANAPOLIS —July 11— The bids for car lots of grain at th* call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41</ic New York rate, were: Wheat—Strong; No. 1 red. 82'i083>ic; No 2 red. 81 1 ,2®82 1 2c; No. 2 hard. 81Vi® 82 1 :C. Corn—Strong: No. 2 white. 60061 c: No. 3 white. 59060 c: No. 2 yellow. 55 1 aQ’56; No. 3 yellow. 54'V;# 55 Vic; No. 2 mixed. 54 1 i055 , 2C: No. 3 mixed. 53',2 0 5412 c. Oats—Strong: NO.l 2 white 42‘.j®,43Vic: No. 3 white. 41 , /2@42'.2C. Hav—Steady: *F. o. b. country points taking 23'2C or less rates to Cincinnati or Louisville). No. 1 timothy. *13t013.59, —lnspection ft— Wheat—No. 1 red. 22 cars; No. 3 #L 33 cars; No. 3 rpd, 2 cars: No 1 nar(L 6 cars: No. 2 hard. 4 cars; No. 3 hard, 1 car: No. 1 mixed 4 cars: No. 2 mixed. 3 cars; sample. 1 car. Total. 76 cars. Corn—No. 2 white, 3 cars: No. 3 white 2 cars: No. 4 white. 2 cars: No 6 white, 2 cars: No. 2 ellow 11 cars: No. 3 ellow 9 cars; No. 4 ellow. 1 car. Total. 30 cars. Oats—No 2 white. 1 car; No. 3 white. 3 cars: sample white. 1 car Total. 5 cars. Rvc —No. 3. 1 car. Total. 1 car. Local Wagon Wheat City grain elevators are paying 80 cents for No. 2 soft red wheat. Otner grade* on their merits (By United Press) CHICAGO, July 11.—Cash grain: Wheat No. 2 red, 93'40 93>,ic; No. 3 red. 93>/tc; No. 1 hard, 96®96'ic; No. 2 hard, 9ft V4® 96c; No. 3 hard. 95c; No. 4 hard, 93 3 /ic. Corn—No. 2 yellow. 61 1 i® 66’/2C; No. 3 yellow. 6106H4C; No. 5 yellow, 61',4c No. 2 white. 66c. Oats—No. 2 white. 46'ic: No. 3 white, 45' 4C. Rye—No sale. Barley —BSO 92c: quotable, 56 0 94c. Timothy—s9.3so 9.50. Clover seed— slo.2sol4. Cash provisions—Lard. $7.05; loose. $6.40; leaf. $6.37; bellies. $9.87. TOLEDO. July 11.—Grain close: (Grain in elevators, transit billing* Wheat—No. 2 red, 92® 92'ic. Corn—No. 2 yellow, 66*2 @67 ! ,ic. Oats—No. 2 white, 49®50c. Rye - No. 2. 720:73c. Track prices 24Vac rate) Wheat—No. 1 red, 89® 89tic; No. 2 red. 88®,88>/ic. Corn—No. 2 yellow. 62® 63c; No. 3 yellow. 61062 c; No. 3 yellow. 600* 61c. Coats—No. 1 white. 47048 c; No. 3 white, 46047 c; No. 3 white. 45Va(Et4e tic. No seed market. ST. LOUIS. Julv 11.—Cash grain close: Wheat—ln god demand 3 to 4*/ 2 c higher on red and 3',ic to 4c higher on hard: No. 1 red. 910.92* ic: No. 2 red. 90li®> 94c: earlv and 92',2093c at the close: No. 2 red garlicky. 87® 88c; No. 5 red garlicky. 85*2®'87c; sample red garlicky. 84',ic; No. 2 red smutty. 85c; No. 4 red smutty. 87*ic: No. 1 hrd, 94*ic; No. 2 hard. 92li®93’ie early, and 94c at the close: No. 1 light garlicky. 90®90'/ic: No. 3 light garlicky. 89'ic; No. 2 mixed, 91 l-ah/> 93*2c; sample grade mixed. 90c. Corn—ln fair demand. 3c to 3*ic higher; No. 3 mixed. 62 1 /ic: No. 2 yellow 63*63Vic; No. 3 yellow. 62'ic. Oats—ln slow demand nominally 312 C higher: No. 2 white. 47',20 nominal. NEW YORK, Julv 11.—Cash grain: Wheat—No. 2 red, sl.o9' e ; No. 2 hard winter. $l.O9 r >. Corn—No. 2 mixed. 67'/ic. Oats—No. 3 white. 56c. FIRMS SETS NEW SALES RECORD DURING MONTH Spiegel, May, Stern Company June Output Reaches 51,437,007. By Times Special CHICAGO, July 12.—Spiegel. May, Stern Company June sales exceeded all previous records this year with the company reporting a volume of $1,437,007 against $782,082 in June last year. June was the seventeenth consecutive month for which sales have exceeded the corresponding month of the preceding year. For the first six months’ period of this year net sales totaled $11,034,492 as compared with $4,478,619 of last year. Sales of J. C. Penney Company for June totaled $16,796,852 against $14,628,192 for the like month of last year. Business for the first six months amounted to $90,022,830 as compared with $71,029,692 for the initial half of 1933. 2 DIVIDENDS DECLARED Minneapolis Honeywell Company Makes Extra and Regular Payments. By ’J imeg Special CHICAGO. July 12.—An extra dividend of 50 cents a share in addition to the regular quarterly dividend of 50 cents a share on the common stock was declared this week by directors of the Minneapo-lis-Honeywell Regulator Company. Both dividends are payable Aug. 15 to stock of record Aug. 4. The firm during May, this year, established its common stock on a $2 annual basis, after having paid an extra dividend of 25 cents a share in February. Stock Exchange Date Extended By Times Special CHICAGO, July 12.—Time has j been extended by the Moto Meter Gauge and Equipment Corporation for vhe stockholders to exchange common stock for the Electric Autolite Company common stock, to which the corporation recently was merged.