Indianapolis Times, Volume 46, Number 60, Indianapolis, Marion County, 20 July 1934 — Page 18

PAGE 18

Wall Street Developments of Strike Viewed With Mixed Emotions.

BY RALPH HKNDERSHOI Times >pna! tinanriel Writer WALL .STREET, generally speaking, views the strike developments on the Pacific coast with mixed emotions economically. It is not unmindful, of course, of the high cost of the struggle, and it realizes the possibilities of it spreading to other sections of the country, but the belief is expres ed quite freely that

the fact the orike has become general may bring oencficial results to big }us i h es s in he long run. It is no secret, of rourse. that industry has bepn fearful of labor troubles for some time. The NRA. it has oeen argued, played into

Hcndershot

the hands of labor to such an extent that there was grave danger of that element becoming;, through general unionization, the most powerful political as well as economic factor in the country. That probably is the real reason why we have heard so much about industries favoring company unions. So long as unionization efforts went ahead in a more or less orderly fashion it was quite clear that labor had the government and a large portion of the public on its side. But now that a struggle has been started winch brings the issue into national prominence and into which the federal government may be injected, whether or not it likes the assignment, it is felt in Wall Street quarters that public sentiment is quite apt to swing away from labor and in the direction of industry. And since it came before the umnonization movement had gotten well under way the thought is advanced that the development may be permanently handicapped. B B B C CANADIAN brokers have begun J to move in on Wall Street. Several members of the Toronto Exchange have established branch offices in the financial district, and some Wall Street brokers have provided facilities for trading in Canadian securities. The reason of course, is that speculators are unable to get a run for their money on the New Y'ork Stock Exchange or on the Curb and are looking lor new outlets for their activities. When the world began to bid up the price of gold many gold-numng properties in Canada took on greatly increased values. Some which could not be operated profitably at all at the old price lor the metal were taken out of cold storage and shares against them placed on the market. a b a HEAVY speculation in Canadian mining stock has been going full blast for several months. Re9?prt from the Dominion indicate that its exchanges have o*en enjoying a bull market all their own. A great many of Wall Street's leading traders have participate! The opening of the offices here represents an attempt to expand the scope of operations and to niaive it easier for Wall Streeters to keep abrea>t of their Canadian inaiket activities.

N. Y. Coffee. Sugar Futures —-July 19COFFEE —Santo*— High. Low 1 March 10.46 10 39 10 46 Mav 10 65 10 44 10 52 Julv 9 67 9 65 9 65 September 10 27 10 16 10 27 December 10 40 19 30 10.40 —Rio—.tannary .... '>B9 March 7 92 vlav .... 80A Julv 7 70 Sep'ember . 7 74 December 7 87 7 81 7.87 SIT.AB —Julv 19H.ch Low. Close .%nuarv 179 March 1 85 1 83 1 83 M 1 89 1 88 1 38 Jkllv 1 67 1 66 1 6fi rfp’ewhrr 1 73 1 71 1 71 December 1 81 l 78 l 79 In the Cotton Markets —Julv 19torrr k —Santo*— H?h low Close March 10.57 10 83 10.55 Sv 19-62 IO.SI 10.C3 Jllr 9 93 sJr"rher l" 74 10 72 10 33 December 10 50 10.46 10.48 —Rio— Jannanr 95 March 7 98 3av 806 JRIv 7 89 7 84 7 34 Peruereber 785 7.84 784 December 7.93 7.92 7.92 SUGAR High. Low. Close. January 1 79 Mac 1.84 1 82 1 84 jElv 166 Svotember 1~2 170 172 December 1.79 178 1.79 Retail Coal Prices !me lohowine prices represent auotattons tr-m leading Indianapolis coa! dealel* .4 cash it*eount ->f 25 -ent* oer tor t* allowed ttomeatic Retail fncea Atimracite 813 w, lira. -11 .urre 6 08 ERariJ egg ... S 50 IRi.’il mine run 5 25 use nut <i't 82Wke ece <ire . 825 Indiana forced lump 6 00 Indiana eg? 5 75 Kentucky lump 7 Os Hvoahontas lump 800 Poeahonta." era 80< Rvcahonta* forced lump 9PC lycahonta* mine run 725 sJpw River vnokeiess 880 Weft Virginia lump 675 we*'. Virginia ecg 650 Diana Creek . 7Of Extra charge of *oc a ton for wheeling e*al and *t a ton for roai carried to bin RAINFALL DETERMENT, AID TO STATE CROPS ijouth Suffers from Heavy Moisture: Northern Fields Benefited. ; Rains during the week ended suesdav were both a determent and a aiding factor to state crops, according to the United States deSrtment of agriculture. Moderate | infall in the north was considered extremely helpful to crops, while ti>o much precipitation in the lowpart of the state made field Work impossible and seriously damawed grains in shock {Winter wheat harvesting in the north went along at a rapid pace during the wreck. Most threshing completed in the central and southern sections. Oats cutting for jfcy also is reported in upper sections. Sweet potatoes in the southwest age reported doing nicely and cantaloupes are ripening and being Rejected Northern mint, rasptipyrtfes and huckleberries are in opor condition due to the early Li of moisture.

STOCKS DROP FRACTIONS TO THREE POINTS Rails, Metals Lead Break During Spirited Wave of Selling. BY ELMER C. WALZER t nitrd Prm Staff Corrrpondrnt NEW YORK. July 20—Spirited selling drives today slashed prices on shares and commodities. Cotton was off around $1 a bale, after an early 50 cents gam; wheat lost more than a cen* a bushel after an early gain of almost 2 cents. Stocks dropped fractions to more ihan 3 points. Bonds were irregular. No definite reason could be traced for the selling which started simultaneously in all markets, but, for the short period, activity picked up on th® stock market to the best rate in several weeks. Tickers were late. Rails and metals led the break. In 1 the former group Atchison. New York Central, Delaware & Hudson. New York New Haven & Hartford. Illinois Centra! and Southern Pacific all had losses of more than a point. In the latter group United States Smelting had 3 points weakness at 133',. American Smelting and Howe Sound were off more than a point as was Cerro Do Pasco, while gold milling shares last fractionally. United Aircraft continued heavy after yesterday's sharp break, selling at another low of 15. National Distillers and Schenley wpre selling at new lows. United States Steel was off a point at 38 and fractional declines were noted in most other leaders. Money and Exchange INDIANAPOLIS BANK CLEARINGS July 20— rirsriilgs . S 1/198 000.00 Debits 4.970.000.00 FOREIGN EXCHANGE tßv Abbott. Honoln <fc Cos i —July 19— Close. S/rrhng England $5.04 ■ Franc. France 0659* Lira. Italy 085 r% Beljias. Belgium 2336 Mark. Geimany 3940 Guilder. Holland .6772 Peseta. Spain 1367 ■ Krone, Norway 2539 Krone. Denmark 2257 Treasury Statement ■Bv United Presst WASHINGTON Julv 20 Government .•"cpon.'es and receipts of the current fisral rear to July 18. compared with the corrrspondine period of the urevous fiscal vear: This Year. Last Year. Expanses $ 307 070.450 38 $2lO 896.469 47 Receipts .. 1 50.420.339 91 10.5.576 980 ’0 Defiri' . . 15fi.641.n0 47 105.319.480 07 Cash bzl . 2,568.036.614 46 Investment Trust Shares ißv Abbott. Hoopin A: Cos —July 19— Bid Ask. American Bank Storks Corp . 1.1! 1.15 American <fc General Sec A . 4.00 5.50 ■American A: In' Tr 8h ..... 175 Bisie Industry Shares 3 14 3.20 British Type Inv Tr Sh .40 .46 ! Collateral Trustee Shares A 455 465 Corporate Trust Shares tOldi 1.95 200 Co.porate Trust Shares inewi 225 2 2.9 ; Cumulative Trust Shares 3 81 .... Diversified Trust Shares A ... 6.25 Diversified Trust Shares B ... 7.55 7.75 Diversified Trust Shares C 2 95 2.99 Diversified Trust Shares D . 4.55 4.60 First Insurance Stork Corp . .75 87 First Common Stock Corp . .62 .65 Fixed Trust Oil Shares A ... 787 .. . Fixed Trust Oil Shares B 675 Fundamental Investments Inc 1.89 2.09 Incorporators Investments 17 10 17 60 Land Bank Bond Shares ... 1.16 1.29 ! Low Priced Trust Shares .. . 570 580 Mass Inv Trust Shares ... 18 68 20.30 Nation Wide Securities 3 25 3.30 North Am Trust Shares 153) 182 North Am Trust Sh 1 55-56 2 28 231 North Am Trust Shares (581 2.25 228 American Shares 251 Sclcc'cd American Shares Inc 1.17 1.26 Selected Cumulative Shares . 6.56 | Selected Income Shares 339 3.75 Std American Trust Shares A 291 295 , Trust Shares of America 272 276 Trustee Std Oil A .. 5.45 555 ! Trustee Std Oil B .... 500 5.15 ■ 0 S Electrie Lt & Pwr A ... 12.37 12 62 Universal Trujr Shares .. .. 290 2.95

New York Bank Stocks ißv Abbott. Hoppin & Co.t —Julv 19— Bid. Ask. Banlcrrs fi4 64* Brooklvn Trust 97 101 Central Hanover 128*, 129* Chase National 27% 28* Chemical 41', 42 Nationrl City 36', 28 Corn Exchange 52% 53% Continental 12% 13% F’rpire .... 18% 19*, Firs: National 1.645 1.655 Guaranty 365* 367* Irune 16* 16', Manhvtten A- Cos 29%. 29’, Manufacturers 21', 22 New York Tnust 194* 105* rubltc 32% 33 Daily Price Index •Bv United Press' * NEW YORK Julv 19 -Dun A- Brad'reet s daih weigh’ed price index of thirn ha -tr commodities compiled for the United Press .1950-1932 Average. ioo> nea 1934 tv.ch' lists Yesterdav 114 R 9 Week ago 11331 Month ago 113 68 Y-ar ago (Julv 29' 198 14 t r 3l H’gh 'July 191 115 15 1931 100 ..lan 3' 191 95 Cem right 1934 bv Dun A* Bradstree' Inc. Bright Spots ' ~ M* atitaitt rinnoip v ; • Gulf States Steel Corporation for the - lune 39. shows a net nrofi: of 20! 916 against a net loss of $lB 006 for the corresponding ouarter of last vear. Stewart Warner Comnanv report sates for the second quarter totaled sS.lß*t.7lS. a* compared with $2,466.57? in the oretons qnarter. Reta:'. sales of Plymouth cars for the > e;< ended Juh 14 numbered 8 862 units an increase of 1.2 per cent oter the previous week and 32 6 pc cent over the corresponding week of 1933 Plumbing Permits Strong Bro'hers southeast corner. T*enfv-fifth and Delaware, four fixtures. \ Hill 2339-41 Station, two fixtures Frank A. Drees 37 South Catherwood four fixtures. James Canning. 14 South Capitol, one fixture Ei\ Kain. 498 Exeter three fixtures. R A Wilson. 543 Drake four fixtures. Harrv Barker 1541 North Illinois, one fixture Harry Barker 6235 Bellefontaine. one fixture. Howard Deer, southeast corner. Morris and South Mer.dian. three fixtures. William Steck. 623 North Capitol, one fixture. William Steck. 2501 North Dearborn. four fixtures A C Backmeyer. 1717 South Delaware, three fixtures. H Silverman. 319 Virginia, three fixtures Strong Bros.. 2219 West Michigan, two fixtures George F Conrad. 2160 Bellefontaine four fixtures C J Dickman 50 Sou'h Illinois, four fixtures John GottmiUer. 555 Hyland Drive, three fixtures. R Bardv 322 Forest five fixtures H H Rahe. 1424 Woodlawn four fixtures Huber and Fiaskamp. Emerson and T.'-asant R-.n nine fixtures S'rong Bros 444 Trowbr.dse three fixtures R M Cotton Company north west corner E’ Ten’h and Leslie, seen fixtures Mason-Schenck. 2910 Meredith, four fixtures. Joe Canning. 435 Massachusetts one fixture. Strong Bros 2015 South Pennsylvania, thirteen fixture* C A Carlisle Company, 743 North Warman. one fixture. William Courtney. 145 North Delaware one fixture A. J Schmidt. 321 West Vermont, three fixtures. Hawkins Bros. 5 North Meridian, one fixture. C A Johnson. 1144 North Tremont, four fixture*. Frank Lav ton Company, 132 East Thirtieth, one fixture.

New York Stocks ■ ■ ” IHi Onbott doppin A Co.* AVERAGE STOCK PRICES FOR THURSDAY Net High. Low. Close, change. Thirty industrials 98.70 96.92 97.24 —1.02 Twenty rail* 42.78 42.02 42.11 —.46 Twenty utilities 22.83 32.46 22.51 —.25 Forty bonds •••• 95.37 -i-.lt Ten first rails .... 102.76 -f.19 Ten second rails •••• 80.30 -.06 Ten utilities .... 99.04 —.05 Ten industrials .... 98.40 —.39 -Off. T Up.

—July 20— Prev. Oils— High. Low 10 00 closee. Amerada 49* Atl Rfg 25* 2a% Barnsdiil . 7* < Consol Oil - ... 9". 9* 9% 9 h Cont of Del 19* 19% Houston inewj 3* 3a Houston uoldi *9 a Indian Rfg *,* Mid Cont Pet • 12 '* Ohio Oil 10!a 10* pet Corp }? Phillips Pet * P'vmouth Oil ft * Pure Oil . • 4 Sbd Oil 31'* Shell Un 2\ Skeiiev Oil 9 Soc Vac 15% 15 3 SO of Cal 35 34% 35 34% S O of N J 44* 4|L Sun Oil „„„ M* Texas Corp 23% 23 a Tidewater Assn }„. Un OU of Cal 16% Steels— Am Roll Mills . 18* 18% Beth S'eel .... 32% 32% 32% 32;./ Bvers AM 20% Inland Steel ... ... 38% Ludlum Steel 12% Natl Steel 41% Rrp Iron .. ... 16V. 16 Iron S f \ D 2* ? U 8 P & Fdv 2a% U S Steel 38% 39 U S Steel pfd ?4% Youngst'n S & T .. ••• 19 * Motors— Auburn „„ ... ?2* Chrysler JO 4O Orn Motors 31 ! a 31 31 1 2 3H Gen Motors pfd .. . ■ 108% Graham Mot Hudson 8% 8_ t Hunp 3 „%■* Mark Truck • 25 * Nash 16% Packard 3% 3 Studebaker Yellow Truck 4 4 Motor Access— Bendix HVa 14% Bohn Alum 58,4 Borg Warner 21% 21* Briggs 17 V, 17 Buda Wheel ••• 3 Eaton Mfg • I?.* Elec Auto I.i'e 21 Va 21% Houdaille "A” 3 4 Mullins Mfe pfd * Stew Warner Timken Roll , ~ Timken Det Azel 6% 6, 2 MininAlaska Jun 20’s 2f)% Am Metals - 21% Am Smelt ■ • 4 °, 4 4 !£l* Anaconda 14 13 8 13 s 13 4 Cal A- Hecla 4 4 Cerro De Pasco 38 ' 38 2 Dome Mines 42 a 42 2 Granby ,?, 4 Gt Nor Ore 11 .'1.6 Homestake Min. 43 !," Howe Sound . 53% 53% 53% 53 i Int Nickel 25 s 25 4 Int Silver Isl Creek Coal 3 y., Kennerott Cop 21 '■* *l 4 Mclntyre Mine 43 Noranda Cop 43 2 Park Utah • 3 * Phelps Dodge ‘7 a }7 4 St Joe Lead , 12." U S Smelters 136% 136% Vanadium 20 20 4 Amusements— Croslev Radio JJ% Fox Thea '* Loews Inr -7 Radio Corp 6% 6 4 RKO 2 Warner Bros 4 4 Tobarrns— Am Snuff 63'4 Am Sum Tob * Am Tohaeco "A" ■ 7a Am Tobacco * B" .. ••• 78% 18 G-n Cigars 43 Lie At Myers "B” 97% 97% Lorillard 4 Reynolds Tb "B” 4 5% -46 Rails— Atchison ••• ••• 61% Atl Coast Lines. .. ... ... 35 R A- O 21% Can Pac 13% 13% 13% 13% Ch & Ohio 46Va Chi A- Gt W 2% Chi & Gt W pfd 6 C M A St P pfd- 6% Chi N W 7% 7% Chi N W pfd H% Del a A Hud 51% Del Lac AW 20% 21 Erie • }7 Grt North pfd 19% 19 111 Central • 22% L-hieh Valiev 14% 14% Lou A Nash 48% MKA T 8 a Mo Pac ••• 3 % Mo Pac pfd 4 4 N Y Cent 20% 26 N Y C A St L 16 N Y C A St L pd 29 a N Y Nnv Haven If% Nor Pac 21% 2l;‘ Trim R R 29 29% Sou Pac 22% 22; Sou R R 18% 18% Sou R R Dfd ~, 25 Unton Pac . .. ... 117 West Maryland 19* Kuuipments— Allis Chalmers 16% Am Brake Shoe 24% Am C A Fdv 20% Am Mach A Fdy } 4 % Am Steel Fdv *6% Bald Loco Burroughs *3. 4 Case J I 50% Cater Tract 26'2 /■ Deere ACo .... Foster Wheeler > 4 4 Gen Am Tank C t 3 "% Gen Elec . 20* 20% 20% 20% Ingsol Rand ■ • j 9 Int Bus Mach . I 3 ; 2 Int Harvester 33 32% 32*4 33% Natl Cash Reg . • 1® Pullman Inc • 4i% 4i% 47% 48 j Rem Rand J® Und Elliot 4 ?% West Air 181 21 Westingh Elec . .. ... 35 .5 4 Worthington P 20 Utilities— Am A- For Pwr. , 7* Am Pwr A Lit ® 6% A T A T . •• ••• 113*. 113% Am Wat Wks . .. ... 19% 18% Brook Un Gas . 64 Cel Gas A*Flee .. ... 10% Col G A E pfd 77 Com A Sou 2 C'onsol Gas . .. ... 32% 32% Elec Pwr A- Lit 5% E P A L pfd 10% Int Hvdro Elec 5% Int T A T • 12 12 Nat Pwr A Lit 9 8 9 8 North Amer ... 16 16 Par G A- E 17 Peoples Gas .. ... 29% Postal Tel pfd 18% Pub Serv N J ••• 3534 3>% ! So Cal Edison ... ... . 15% Std Gas 9 9% Std Gas pfd 9% 9% Slope A Webster ... 6 4 4 6 7 United Corp 4*4 4% Un aOs Imp 15*8 15% 15% 15'* Ut P A Li* A". 2'2 2% Western Union . 41 3 i 41* 41* 41* Rubbers— Firestone 17 Goodrich Goodyear 27 * 26* Kellv Spring V S Rubber lfi% 16% U S Rubber pfd .. ... 40% 40 Miscellaneous— Am Bank oNte . .. ... 20 Am Can 100% 100% Anchor Cap 20 20% Brklvn Man Tr 40* 40% Conti Can 81 80% Crown Cork 24% Curtis Pub ... ... 21'* Curtis Pub pfd 84% Eastman Kodak 100*4 ion Gillette 12% 12% 12% 12% Ghdden 25% Owens Bottle .... ... 75% Ravbestos Mfg 17 Foods— Am Sugar ... ... 69% 69% Armour "A 1 ... . 5% Beatrice Cream . 15% Borden Prod 27% 27*s 2,* -■% Cal Packing 33% Canada D G Ale ■ ,1? * Coca Cola • , 134 Corn Prod 61*4 67% 61% 63 Crm of Wheat 33 Cuban Am Sue. ... „' j 4 Gen Foods 31*4 32 Gold Dust 19% G W Sugar 34% 34 Int Salt 3 ®% Loose Wiles ... 42% Natl Bisciut ... 30% 35% 3a% 3o a Natl D Prod 18% 18*8 18% 'B% Puritv Bak ■ J* S Port Ric Sue 3.-a 36% a<% 36 a Spencer Kellog 23 Std Brands ■ 20% 20* -0 2 -0 2 Un Biscuit =5United Fruit Retail Stores— Assd Dry Goods \\ Best A to 33 4 First Natl Store* 6 ® Gimbel Bros 3 2 Gimbei pfd *r • Or Un Tea J Hahn Dept Sts 3 Kresge S S J 3 4 1® .* Kroger Oroc 30 3 ® 4 Macy R H f' Marshal: Fields J 4 * Mav Dept St . ... 4 ® • Mcnt Ward 28* 28% 28% 23 Natl Tea -• ]•% Penny J C 61 Safewav St 51 4 Sears Roebuck 4\ 433* Woolworth . 50% 50 5o o 0 Aviation — Aviation Corp .. 5 4% 4* J Curtiss Wright Curt Wright "A" 8* 8% Douglfs Air 19 18-j Nor Am Av • 4 Speerv Corp .. . 8% 8-t United Aircraft 15* 15% 15% 15* Wright Aero 43% Chemir al— Air Reduction 99% 99 Allied Chem 133 135% Am Com Alcohol 28% 28% Col Carbon 71 * Com Solvent* 20% 20% Dupont 913* 91 Freeport Tex ... Liguid Caxb .... •• •••

THE INDIANAPOLIS TIMES

Math Alkali 313a 31% Mentos Chem .. 51 Nat Dis inew).. 20 19*8 20 20 Schene Dis ... 23* 23% 23% 23* Tex Gulf Sul . 32*8 33% Un Carbide ... 43% 43* 43% 43% U S Ind Alco ... 43 43% Vir Ch 6* pfd 16% Drugs— City Inc 5% 5% Lambert ... 25% Lphn & Fink 20% Un Drue 13% 13% Zonite Prod 4* Financial— Adams Exp 8% Alleg Corp * 2% Am Int Corp 7% Chesa Corp 46% Lehman Corp 70* 71 Aransamer 6% 6% Tr Conti Corp 4*4 4% Building— Am Radiator .. 14 13* 14 14 Gen Asphalt ... ... 17% Int Cement ... 25 •Johns Manville . 52% 52% 52% 52% Libbv Ow Gls 31% 31% Otis Elev 15% Household—col Pat Peet 15% Consoleum - . 28* Kelvina'or .... 15* 15% Mohawk Carp 17 Proc & Gam 36% 36% Simmons Bed .... ... ... 13 Textiles— Amer Woolen .. 10% 10% 10* 10 Bolding Hem 12% 12* Celanese Corp 24% 24% Collins Aik ... . 14 Gotham Hose .... ... 7 7 Indus Raj’on ... ... 24* Kavser Julius ... 16 Real Silk 8* New York Curb (By Abbott. Hoppin & Cos.) —July 19Close.! Close. Allied Mills . . 8 iGen Aviation.. 4% Alum Cos of Am 64 i Glen Alden Coal 23 Am Beverage. . l-’ilGulf Oil of Pa 61% Am Cyandie B. 19%: Hiram Walker.. 29% Am Gas &El 26 (Hud Bay Min.. 13% Am Superpwr . 2%'Humble Oil ... 42* Asso Gas & El. %i Imperial Oil Ltd 14*4 Atlas Corp . ... 10*ilnt Petrol 28* Axt Fisher Tob 58% Lake Shore Min 54% Can Ind Ale A %!Libby McN Lib. 5% Can Marc .... 2 iLone Star Gas . 5% Carrier Corp .. 9%!Natl Bellas Hess 3* Cities Serv 2!<yNia Hud Pwr .. 5% Commonwe Ed 52 iNovadel Agene 20* Con Gas of Bal 66* Park Davis . . 2% Cord Corp ... 3%!Sf. Regis Paper. 2% Creole Petrol .. 12 7 a Sal Crk Prod .. 6* Deere &Cos .. 20% Std of Ind .... 27 Distillers Lim . 22* Std of Ky .. 16% Distillers Corp 13 iTechnicoior Ind 14% Dow Chem . 78 Tech Hughes Go 6% El Bnd & Sh 13%!Un Gas 2% Fisk Rubber . 9%'Un Pwr * Lit A 2% Ford of Europe 7%IWr Harg Min 9%

I Chicago Stocks 11 ißy Abbott. Hoppln & Cos.) i —Julv 20High. Low. 11:00 Bendix Aviation • ■ 13% BerkhofT Brew Cos. ... 4% 4% 4%' Borg-Warner .. 21 Butler Bros 9ti 9 9 Chicago Corp com ... 2% Cities Service 2 Commonwealth Edi .. . 53 52% 52% Cord Corp .. 3% Crane Cos. ...... 9 8% 8% Marshall Field A- Cos 14 General House Util .... ... 9% Tron Fireman ... 14 Libbv-McNeil ... ... s'* Noblitt-Snarks Ind, Inc.. . 1% Swift * Cos. 18 17% 17% Swift International ... 32% 3214 32') TJtilitv & Ind 3% Zenith Radio ■ • 2% Bond Prices Bv Fenner & Beam —Julv 20— High. Low'. 10:00 Allec Corp 5s ’SO 36 Atn&For Pwr 5s 2030 53 % 53 ' 5314 AT&T db 5s ’65 .. 110% Atchison gen 4s ’95 ..105% 105% 105% B&O cv 4%s '6O .. 63 62% 63% Beth Steel 5s A ’36 103% Brazil 6%s (261 ’57 ... 25% Can Pac 4s ’57 • 85 ChMStP&P ad 5s A 2000 11 10% 11 ChMStP&P rs 5s A ’75 36 35'/ 4 35>4 Cons Gas NY 4%s ’sl . .. ■ 105% Erie RR rs 5s ’6 7 72% Goodyear 5s '57 102% Gt. Nor 7S A '36 95% 95 95 Interboro RT 5s ’66 ... 74*4 Int T&T db 5s ’55 64 Penn RR 4*4s D ’Bl 98 Sin Cons 6%s B ’3B 104% Texas Corp 5s ’44 ... 103*2 Un Pac Ist 4s ’47 ... 108*4 US Rubber 5s A ’47 ■ 86% 86 * i 86% GOVERNMENT BONDS (By United Press 1 NEW YORK. Julv 19.—Closing Liberties. * Decimals Represent 32nds> —Liberty—--3%s (32-47) 104.17 First 4* 4s *32-47) 103.8 Fourth 4%s (33-381 N 103.23 —Treasury—--4* 4S, 3* 4s (45) 104.18 4* 4 s 147-52) 113.30 3’sS (43-47) 105.14 3%s (41-43). March 105.17 3%s (40-43). June 105.19 3* IS (431 105.19 3’4s (43) 105.17 3%s (46-49) 103.15 3S *sl-55) 102.11 FEDERAL FARM I.OBPN BONDS (By Blyth & Cos.. Inc.) —Julv 19Bid. Ask. 4s julv 1. 1946—44 100% 100% 4s Nov. 1. 1957—37 100 100*2 4s Mav 1 1958—38 100 100 '2 4*4s Julv 1. 1956—36 100% 101% 4%s Jari. 1. 1957—37 101 102 4%s Mav 1. 1957—37 101 102 4' 4 s Nov. 1. 1958—38 100*4 100*4 4%s Mav 1. 1942—32 100 100*2 4'"S Jari 1. 1943—’33 100 100% 4%s Jan. 1. 1953—33 100% 101*4 4%s July 1. 1953—33 100% 101% 4%s Jan. 1. 1955—35 101 102 4%s Jan. 1. 1956—36 101 102 5s Mav 1. 1941—31 100% 101% 5s Nov 1 1941—31 100% 101% Home Loan 3s Mav 1. 1952—44 100.31 101.02 4s Julv 1. 1951 . . 101.04 101.07 Federal Farm Mortgage Corporation 3>4S March 15. 1964—44 102.19 102.23 j The latter three quotations are in thirtyseconds AUTOMOBILE FINANCING GAIN Total in First Five Months Nearly 100 Per Cent Above 1933. Si/ United Pres* WASHINGTON. July 20.—Auto-' mobile financing for the first five j months of 1934 increased almost 100 j per cent over the corresponding J period in 1933. the commerce department reports. Retail financing of new automobiles in the 1934 period was $22,670,779 compared with $1.’0.334.727 j for the 1933 period. Wholesale ; financing for the 1934 period j period amounted to $44,920,456 com- ; pared with $181,201,003 for the 1933 period. Used car financing in the 1934 period was $107,443,416 compared with $72,768,971 for the 1933 period. Births Girl* Cecil and Harriett Sparks. 2012 Valley. Kenneth and Faye Bennet. 6552 Ashland. Bovs Ora and Helen Hutchens 4041 Bowman. Deaths August Warweg. 78. city hospital. P'-elonephrosis. Carl Tribbv. 11. Riiev hospital, chronic Laura Beile Burton. 42. Coleman hospital. nephritis. „ „ Louis E Lathrop. 72. Marott hotel, co. onarv occlusion Alvm Peters. 57. citv hospital anemia. Jimmie Liford 6 months, citv hospital, otitis media. sppooma Bartsch. 63 of 1202 Olive, chronic interstitial nephritis. Herman E* erdine. 50. of 1025 South Meridian, cardio renal. Betu Click 75. Methodist hospital, carcinoma. . . . Samuel TANARUS„ Denr.v, 86 Veterans hospital, chronic mvocarditls Marggaret L Lombard. 80. of 182i Hovt chronic myocarditis. Debenture Date Set Bu Times special NEW YORK, July 20.—Directors of the Magnolia Petroleum Corporation, subsidiary of the Socony Vacuum Oil Company have called redemption on Aug. 15, at 100 1 4 of $1,500,000 outstanding 4'a per cent debentures.

SWINE TRADING REMAINS FIRM AT LOCAL PENS

Cattle Decline 25 Cents for Only Change of Day. Trading of hogs at the Indianapolis Union Stockyards this morning was steady with yesterday's average, prices of all weights being unchanged. Bulk heavier weights continued to sell at from $4.80 to $4.90 with a few of the best ranging up to $4.95. Medium weights brought prices of from $4.55 to $4.80 and lightweights sold at $3.65 to $4.15. Light lights were quoted at from $3.00 to $3.40 and packing sows at from $3.50 to $4.25. Receipts totaled 7.000, including 174 direct. The run of cattle was mostly cows and lower grade heifers and the market for the 600 receipts was weak to 25 cents lower than the previous session. Bulk cows sold at $2.25 to s3.o® and common and medium heifers ranged between $3.00 and $5.00. Low cutter and cutter cows were quoted at from SI.OO to $2.00. Steers were negligible. Vealers continued to sell at steady prices, the bulk ranging from $5.00 downward. Receipts totaled 600. Sheep receipts numbered 900. Lamb trading was steady, good ewe and wether kinds bringing prices of from $7.25 to $7.50, while bucks were $1 less at from $5.00 to $6.00. Slaughter sheep continued to sell at prices of from $1.50 to $3.00. No early bids on hogs were received at Chicago, sellers asking stronger prices than in the previous session. Receipts totaled 16,000, including 7,500 direct. Holdovers numbered 3,000. Cattle receipts were 6,000 commercial and 5,000 government stock and calves receipts were 1,000 commercial and 2.000 government. The market was steady. Sheep trading for the 6,000 receipts also was steady. July Bulk. Top. Receipts. 14. $4.85® 5.00 $5.00 2.000 16. 4.75® 5.00 5.00 6.000 17. 4.90® 5.00 5.00 5.500 18. 4.90® 5.00 5.00 5.000 19. 4.30® 4.90 4.95 5.000 20. 4.80® 4.90 4.95 7,000 .Market, Steady (130-1601 Good and choice... $ 3.90® 4.15 —Light Weights—-(l6o-180) Good and choice ... 4.55® 4.65 (180-2001 Good and choice ... 4.70® 4-80 —Medium Weights—-(2oo-2201 Good and choice ... 4.80® 4.85 (220-250) Good and choice . 4.85® 4.95 —Heavy Weights—-(2so-290) Good and choice ... 4.80® 4.85 1290-350) Good and choice ... 4.70® 4.80 —Packing Sows—(2so down) Good 3.85® 4.25 <250 lbs. I Good 3.75® 4.10 (All weights) Medium 3.50® 4.10 —Slaughter Pigs—-(loo-1301 Good and choice ... 3.00@ 3.40 CATTLE Receipts, 600; Market, Liwer Good and cnotre $ 6.50® 9.00 Common and medium 3.00® 6.75 11,100-1,500) - Good and choice 7.00® 9.50 Common and medium 5.25® 7.50 1675-750) Good and choice 5.25® 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 3.00® 3.50 Common and medium 2.00® 3.00 Low cutter and medium 1 00® 2.00 Bulls (yearlings excluded) Good (beef steers) 2.50® 3.50 Cutter, common and medium.. 1.50® 2.50 VEALERS Receipts, 600; Market, Strong Good and choice S 4 00® 5.00 Medium 3.00® 4.00 Cull and common 2.ou® 3.00 —Calves — Good and choice 4.50® 5.50 Common and medium 2.50® 4.50 —Feeder and Stocker Cattle Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 (800-1.500) „„„ Good and choice 4.00® h.aO Common and medium • 2.75® 4.00 SHEEP AND LAMBS Receipts. (MX); Market. Steady lambs, 90 lbs. down, good ana choice $ 7.00® (.50 (90-110 lbs.) Good and choice 6.75® 7.25 (90 lbs down) Com. and med. 5 00® 6.00 —Ewes— Good and choice 2-JHJ4* jj.oo Common and medium l.oo@ 2.00

Other Livestock (By United Press) CHICAGO. July 20.—Hogs—Receipts. 16,000. including 7,500 directs; market slow, steadv to 10 cents higher than Thursday; 220-300 lbs.. $4 80® 4.90: top. $5: 170-210 lbs.. $4.50® 4 85; light lights, S4O/ 4.40; pigs. $30(3.50; packing sows, S4O/ 4.35; light lights. 140-160 lbs., good and choice. $3,750( 4.50: light weights, 160-20 Q lbs good and choice, $4,250/ 4.85; medium weights. 200-250 ltjs.. good and choice, $4,750/ 5; heavy wignts, 250-350 lbs., good and choice. $4,750/ 4.90; packing sows, 275550 lbs., medium and choice. $3,500/ 4.40; slaughter pigs. 100-130 lbs., good and choice. S3O/3.75. Cattle—Receipts, 6,000 commercial, 6.500 government; calves. 1.000 commercial. 3,500 government; general market demoralized; very few sales steers; heifers and cows weak to 25 cents lower but buyers' demand not broad enough to absorb the crop, even at declining prices; no market on common grass cattje of any class; one load 1.624-lb. steers at $8.65. two or three loads a_t s6® 7: few cuttr cows, $1.85 down to $1.25, but not enough done to make a market and undertone suggest liberal carryover; vealers firm: slaughter cattle, vealers: steers. 550-900 lbs., good and choice, $5.75® 8.25; 900-1.100 lbs., good and choice, $6(9/ 9.25: 1,100-1.300 lbs., good and choice, $6 504/ 10: 1.300-1.50 lbs., good and choice, $7.25® 10: 550-1 300 lbs., common and medium. $2,754/7.25; heifers, 550-750 lbs., good and choice. $5,254/ 7; common and medium, $2.25®5.25: cows. good. $3®4.75; common and medium. s2®3; low cutter and cutter, sl®2; bulls (yearlings excluded i. good (beef). $3.25® 4; cutters, common and medium. $2,254/ 3.50: vealers, good and choice. $4.75® 6.50; medium, $3.50® 5; cull and common. $2.50® 3.50: Stocker and feeder cattle: steers, 550-1.050 lsb.. good and choice. $4,254/5.50; common and medium. $2,504/4.25. Sheep—Receipts, 6.000; generally active; steady: six doubles choice Idahos, $7.25: sorted. 10 per cent: bulk natives to packers. $7 down: city butchers inactive: ewes, $1 504*2.75: range throwouts, $64*6 25: slaughter sheep and lambs: lambs. 90 lbs. down, good and choice. $6,504/7.35: common and medium. $4.75® 6 65; ew es. 90-150 lbs., good and choice, $1.75® 2.75: all weights, common and medium. $1,254/ 2.25. FT. WAYNE. July 20.—Hogs—Steady; 250-300 lbs.. $4.85; 200-250 lbs.. $4 70: 180200 lbs.. $4.65: 160-130 lbs.. $4 55: 300-350 lbs.. $4.75: 150-160 lbs.. 54: 140-150 lbs, $3.75: 130-140 lbs.. 53.50: 120-130 lbs.. S3; 100-120 lbs.. $2.75; roughs. 53.50: stags. $1.75. Calves—ss. Lambs—s 7. LAFAYETTE. July 20.—Hog market— Steadv: 200-300 lbs.. 64.70® 4.80: 180-200 lbs $4.55® 4.60: 160-180 lbs., $4.40*4 50; 140-160 lbs $3,654/3.90: 120-140 lbs.. 53.20 4/ 3.40: 100-120 lbs., *2.75®3.: roughs. $4 down. Top calves—s 4. Lambs—s6.so down. (By Times Special) LOUISVILLE July 20.—Cattle—Commercial receipts. 150; no governments; market verv slow, about steady at week’s decline. on plainer grade grassers; common to medium steers and heifers, mostly s3® 4.50; few low qualitied grassv cutter grades. S2 75 down to around $2; strictly food dry fed yearlings eligible around SS; ulk plainer grade grassy beef cows. $2 25® 3: good kinds to S3 50 and above for heifer types; bulk low cutters and cutters sl4/2: most sausage bulls. $3 down: Stockers and feeders unchanged; supply mostly inferior and common southerns salable $2.25 to around $3. Calves— Commercial receipts. 350. no governments: vealers. steady; bulk. $4 down; strictly choice to $4 50. Hogs—Receipts 701: 10c lower: bulk desirable 210-300 lbs $4.90; 185-205 lbs . $4 70: 305 lbs. up. 64 20; 160130 lbs. $3 90 145-155 lbs.. $3.55: 129-140 lbs . $2 15: sows, $6 25: grassy and unfinished discounted Sheep—Receipts 2.000; including 265 fresh stock ewes, lamb' in light supply: quality rather plain, market about steady c m ->pt broad demand for choice lambs w .. weight, these quotable higher: bulk trucked ir. ewe and wether lambs. $6 50 to mostly $6.75; better kinds. *7® 7.25. strictly choice offerings eligible around $7 75: buck lambs discounted light medium lambs. ss® 5.50: throwouts. $4.50 down: fat ewes Sl® 2 trading active on stock ewes; bulk. $5.50 ®7.50 a head: choice Idaho and Montana yearlings. $8 50; approximately 1.000 ewes sold Thursday. Pennsv Stockholders Drop PHILADELPHIA. Pa., July 2. Pennsylvania railroad stockholders declined during June, for the fifteenth consecutive month. On July 1, there were against 234,246 on June 1 of this year.

Retail Food Index in U. S. Advances 5 Points

Prices in Two Weeks Ended July 3 Increase to 109.6 Per Cent. By Times Special WASHINGTON, July 20.—Index number of retail food prices advanced one-half of 1 per cent during the two weeks’ period ending July 3, accoiyling to announcement this week by the bureau of labor statistics, United States department of labor. The present increase represents the second consecutive advance. The current index based on the 1913 average as 100. is 109.6 per cent, as compared with 109.1 on June 19; 108.4 on June 5, and May 22. and 108.2 on May 8. Present prices ar<e at the highest level reached during the last two and one-half years, being slightly above Jan. 15, 1932, .when the index was 109.3. As compared with the index 104.8 for July 15, 1933. current prices are up by .approximately 4% per cent. They are 8* per cent over the level of July 15! 0 f two years ago when the index was 101. Os the forty-two articles included in the index, eighteen .showed an increase in average price, eight a decline and sixteen no change. Important items registering price increases were pork chops* bacon sliced ham. eggs, sirloin and round steaks, lard, oleomargarine, canned salmon, rice, rolled oats and granulated sugar. White potatoes, cabbage, hens, oranges, tea and showed lower average prices. Asnong the more important items which showed no change in average price were butter, fresh and evaporated milk, bread, cheese, flour, cornmeal and wheat cereal. i Os the fifty-one cities covered the bureau advances occurred in forty. Decreases were registered Un eight, and three. Louisville. Minneapolis and New Orleans, showed rro change. Meats, with a 1.9 per cent in-' crease, showed the greatest advance. The present index is 120 per cent of the 1913 average and is higher by 16 per cent than for July 15. 1933, when the index was 103.5. This index is approximately 2 per cent below that for the similar period 4wo years ago when the index was 122.6. Meat prices have shown a steady advance since the beginning of the year and present prices are slightly more than 20 per cent higher than on Dec. 19, 1933, when their rise began. The cereal group advanced onetenth of 1 per cent and placed the present average 14 1 2 per cent over a year ago and 21 per cent above two years ago when the indexes were 128 and 121.2. respectively. Present prices are 146.6 per cent of the 1913 averages. The indexes for dairy products and other foods remain at the level of two weeks ago. Dairy products are 3'/2 per cent above a

Produce Markets Delivered in Indianapolis prices; Heavy hens. 10c Leghorn hens, 7c 1934 broilers, 2 lbs and over. 16c; Leghorn broilers 1* to 2 lbs and over, 14c bareback broilers 11c; old roosters. 4c; ducks and geese. 3c: young guineas. 1* to 3 lbs.. 20c: old guineas, 15c: No 1 strictly fresh country run eggs, loss off 11c Each full case must weight 55 lbs. gross; a deduction of 10 cents a pound for each pound under 55 lbs. will be made. Butter—No. l, 27 ®2Bc; No. 2, 25@26c. Butterfat. 20c: Quoted bv Wadley Company (Bv United Presst CHICAGO. July 20.—Eggs—Market steady; receipts. 13,331 cases; extra firsts, 164/e: fresh graded firsts. 16*c; current receipts. 13*4/ I4*c; dirties: No 1. 13c; No. 2. lie: checks: No. 1. 12c; No. 2. 11c. Butter —Market firm: receipts, 16,071 tubs; extra firsts, 90-91* score. 22*®22%c: extras, 92 score, 23%c: firsts. 88-89* score. 214/21% c: seconds. 86-87* score. 20%c; specials. 24*4/24%c: standards. 24c. Poultry—Market unsettled, easy; receipts. 29 trucks: Leghorn hens. 9*c: White Rock fryers, 15c; colored, 15'2c; colored broilers, 15*c; White Rock. 15c; Plymouth Rock. 18*c; old geese. Ic. turkeys. 14c; old roosters. 9c: Leghorn broilers. 1* lbs. up, 13c; under 1* lbs.. 12c; ducks. 4* lbs. and over, 9c; under 4* lbs.. 8c; colored springs. 18c: Plymouth Rocks. 20c; White Rock, 19c; hens, over 5 lbs., 12c: under 5 lbs., 11 *c: black chicks, 12® 13c: cocks. 9c: barebacks. 13c. Cheese—Twins. 114/ ll*c; Daisies. ll*®l2c; Longhorn. 11*4/ ll*ic. Potatoes—Supply liberal; demand and trading slow; market weak: Idaho russets. $1.25® 1.50: Virginia cobblers. *l4/ 1.05, showing decay, 80c: Virginia barrel cobblers. $1,854/2.05, showing decay. $1.75. Arrivals, 120: on track, 329; shipments. 846. NEW YORK. Julv 20 —Potatoes—Steadv; Long Island. $1.63® 1.85 bbl; New Jersey, 51.75 bbl.: southern. 65c®51.75 bbl.; Maine. sl4/1.15 bbl. Sweet potatoes— Steadv: Jersey, basket. 50c®52.75; southern. basket. 85c®52.25 Flour—Firm: 'Brings. Datents. $7,504/7.75 bbl. Lard— Firm: middle west spot. $4,654/ 4,75 a 100 lbs. Dressed poultry-steady: turkevs. 12® 27c; chickens. 9® 27c: broilers 17® 26c: capons. 25® 35c: fowls. 104/18c; ducks. 12® 14c; Long Island ducks. 1215 c. Live oultry —Firm: greese. 7c: turkeys. 10® 18c; roosters. 11c; ducks. 84/lie; fowls. 1244 15c; broilers. 144/25c. Cheese—Dull: state whole milk fancy to specials. 184/19c; Young America, 12% ® 13c. Butter—Receipts. 9,540 packages: market firmer; creamery higher than extra' ''s4/ •> extra '92 scorei. 24%c: first (90-91 score), 244/ 24'-c; first >BB4/ 89 scorei. 234/23*c: seconds, 224/ 22*c. Eggs Receipts. 11.665 cases: market, firm: special packs, including unusual hennery selections. 19®22*c: standards. 18*4/18%c: firsts. 16*44/ 17c; seconds. 15%4/ 16c: medium. 154/15%c; dirties. 154/15%c: checks, 13%4f l4c. CLEVELAND July 20.—Butter market firm: extras. 28c: standards. 28c. Eggs— Market steadv: extra white, 17c: current receipts 14c. Poultry—Market steadv: colored fowl. 4%' lbs and no. 15c: old roosters. 10c; ducks, white. 5 lbs. and uo. 15c. Potatoes—Virginia. $1,902 a bbl. On Commission Row —July 20Quotations below are average retail price.s being offered to buyers by local commission house dealers. Apples—Fancy Delicious. $2.50- Transparent.', 51.504j2.25 Blackberries—24-at. crate. $2.50. Cherries —Michigan Sour. 16-qt. crate. $2. Oranges—California Sunklst. $54L5,50; Valencies. $4.50®5. Lemons— Sunkist. $6.50®7. Grapefruit—Florida seedless. $4.50. Raspberries—Southern Indiana black. 24-qt crate. $1.65; red. $2®2.50 Cantaloupes—lndiana iumbos. flats. $.90 ® 1.10. standards, flats. s7s® 1.75; Honeydews. $3.75. Pears—Calavos. $3.50 a box. Watermelons—2s® 75c Bananas—A pound. 5%c. —Vegetables— Sweet Corn—Home grown, doz.. 20®30c. Cabbage—Home grow ns. bushel. 60® 75c Celery —Michigan flat boxes. $125: medium. dob . 45c. Onions—Texas yellow. 50-10. oae. $1.75. Potatoes—Rural New York. 100-lb bag.. $1.65; Idaho Russets 100-18. bag. $2 25: new, barrel. $2.90. Sweet Dotatoes—New Alabama, oushel. $2 50. Beans—Round stringless, bushel. $1.50 @1.75. Beets—New, 25®30c a dozen. Carrots—Home grown, bushel, $2: doz.. 25®'40c. Cauiiflow’er—Homegrown, basket, 50c® $1.50 Lettuce—Outdoor. 15-lb. basket. 90c; lceoerg best. $3.75 a crate Peas —California, hamper. $2 Radishes—Ohio. 50 doz. bunches. 50c. Rhubarb—Home grown, dozen. 30c. Spinach—Home grown, bushel. 50® 75c. Tomatoes—Hothouse 10-lb. basket. 75c; original Tenn.. 30-lb. lug. $2 CHICAGO FRUIT MARKET (Bv United Pressi CHICAGO. Julv 29-—Fruits and vegetable' Apples—lllinois transparents. b- shels, 75c® $1.25 bu'hel Michigan. 75c4/ $13!; Cucumbers—lllinois bushels. 25'/ 75c Carrots—California crates 6 dozen bunches 52.25® 2.50 Illinois bunch. 24/ 2 1 c Tomatoes—Tennessee lugs. sl4/ 1.25; Illinois flat lugs. 35® 65c Sweet Pota'oes —Tennessee, bushel. $1.75® 1.85: Alabama. $1 754/ 1.85 Mushrooms—lllinois, pound cartons 254/ 45c Peaches—Georgia ha.f bushels. 75c® $1.25. Red Raspberries —24 pints Michigan. $1 504/2 25. Black Raspberries $1.25^11.50. Lettuce—Califtrir.a crates, $1.50® 2.50; Illinois leaf lettuce 40® 50c. Beans— green, bushels 404/ 75c; wax 50c®51.25. Cabbage— Illinois crates. sl4/1.50 Celery—Michigan cra'es 35® 40c. Cherries— Michigan. 16 quarts sour. 60c® SI. Canteloupe—lndiana crates sl4/1.25: small crates. 754/85c. Cauliflower—lllinois flat boxes. 25® 50c Corn—lllinois sacks. 5 dozen, yellow. 50c and*l. Peppers—Tennessee, bushel, *1.25 ® 1.50 Onion Market (50-lb. sacksi — 1 California yellows, $1.15® 1.25; California whites, $1.65^1.35,

year ago and 10% per cent over two years ago, while other foods, which includes sugar, potatoes, and fresh vegetables, are 8 per cent below a year ago and 6% per cent above two years ago. Os the forty cities showing advances, Manchester, where prices rose 5.4 per cent, showed the greatest increase. Price advances of 1 per cent or more were registered in Butte, Cleveland. Baltimore, Bridgeport, Columbus. Houston. Jacksonville. Los Angeles, Little Rock, Memphis. Manchester. Mobile, Newark, Portland, Me., Portland, Ore., and Seattle. The advance in Washington, D. C., was nx-tenths of 1 per cent. The largest decline occurred in Pittsburgh, where prices decreased by 1.1 per cent. Other cities showing price declines were Providence, Charleston. Dallas. New York. New Haven, Philadelphia and Springfield. As compared with July 15 of last year, with the exception of Providence where prices declined seventenths of 1 per cent, all of the cities covered showed advances. Philadelphia, with an increase of slightly more than 10% per cent, showed the largest advance. Chicago, Indianapolis and Springfield, increased by less than 1 per cent. All other cities showed advances of 1 per cent or more. In Washington, the increase was 8 1-3 per cent. Compared with the corresponding period of two years ago. all of the fifty-one cities covered showed material advances. The largest increase for the two-year period occurred in Houston, where food prices advanced by nearly 16 per cent.

Cash Grain

INDIANAPOLIS —July 19— The bids for car lots of srain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 17%c to river, were; Wheat—Strong: No. 1 red. 91%®92%c: No. 2 red 90%®91%c: No. 2 hard, 90% hi 91 %c. Corn—Strong: No. 2 white. 59®60c: No. 3 white 58'<i59c: No. 2 yellow, 56%® s*,J%c; No. 3 yellow. 55%6 56%c: No. 2 myxed. 55%<@56%c: No 3 mixed. 54%® 59' 2 c. Oats—Steady: No. 2 white. 42%®43%c: No 3 white. 41%®42%c. Iflav —Steadv: iF. o b. country points taking 23%c or les rates to Cincinnanti or Louasvillei. No. 1 timothy. [email protected]. —lnspections Wheat— No. 1 red. 16 cars: No. 2 red. 67 ca'rs: No. 3 red. 3 cars; No. 1 hard. 6 cars: No. 2 hard. 2 cars: No. 1 mixed. 5 cars: No. 2 mixed. 11 cars. Total. 110 cars. Corni—No. 2 white. 11 cars: No. 3 white, 7 cars; No. 4 white 5 cars: No. 5 white, 1 car: Jgo. 2 yellow. 21 cars: No. 3 yellow, 13 cars! No. 4 yellow. 3 cars: No. 5 yellow. 1 car: sample yellow. 1 car. Total. 63 ca rs. Oats—No. 2 white, 2 cars; No. 3 white. 1 car. Total. 3 cars. .Local Wagon Wheat City graiin elevators are paying 88 cents for No 2 soft red wheat Other grades on their merits ,ißy United Press) CHICAGO. July 19.—Cash grain: Wheat —No. 1 red. .$1.01%: No. 2 red. $1.01%; No. 1 hard. SV.OS® 1.05%: No. 2 hard. $1.03® 1.05%: Ho. 3 mixed. sl.ol® 1.01%: No. 4 mixed. !V>c: No. 4 red smutty. 93c. Corn—No 3 irtixed. 63%c: No 1 yellow. 64 %c: No. 2 vellow. 64%® 65c; No. 6 yellow. 61%®62b’ No 8 white. 66®66 ic: No. 3 white. 65% c: No. 4 white. 64 *c. Oats—No. 1 white. 47 *c: No. 2 white. 47%c: No. 3 white. 47c; sample giade white. 44c. Rve—No sale. Bariev— Quotable. 56®94r. Timothy—s9.3s® 9.50. Clover seed—slo.2s(?l4. Cash provisions— Lard. $7.05: loose. $6.40: leaf $6.37: bellies. $lO. TOLEDO July 39. —Cash grain (grain in elevators, transit billing! • Wheat— No. 2 red. sl.ol® 1.02. Corn—No. 2 yellow. 67%®68%r. Oats—No. 2 white. 49®50r. Rve—No. 2. 75%®76%c. (Track prices. 24%-cent rate.) Wheat —No. 1 red. 97%® 98e: No. 2 red. 96%® 97c. Corn-No. 2 vellow, 63%®>64c: No. 3 yellow. 62%®63c: No. 4 vellow, 61 1 2)® , '2e Oats —No. 1 white. 47® 48c: No. 2 white 46® 47c: No. 3 white. 45%®46%C. ST. LOUTS July 18 —Cash grain: Wheat—ln good demand % to 1 cent higher on red and hard grades % cent higher: No. 1 red. 99cf No 3 red. 91'•chi $1 early, and at the elose 98'1-e: No. 4 red. 97c: No 2 red gairlickv. 95c: No. 4 red garlicky. 94%®95c: No 2 red smutty. 94%®97%c: No 1 hard. $1.04® 1.04' No. 1 light fiarlickv. 98c: No. 3. light garlicVv. 97c; No. 2 mixed. sl. Oorn—ln slow demand tone steadv; No. 2 vellow 64c: No 3 vellow. 63c: No. 4 vellow, 62%c: No. 5 vellow. 62c Oats—ln slow demand, unchanged; No 2 mixed. 47c; No. 1 rye. 81c. NEW YORK. July 19 —Cash grain: Wheat—No. 2 red. $1 11% No. 2 hard winter. $1.12%. Corn —No. 2 mixed 69%c. Cots—No. 3 white. 54%c

DOLLAR GAINS SLIGHTLY Pound Value Decreases to $5.04 % in American Currency. By United Press LONDON, July 20—The pound was $5.04'4 today. Gold remained at $34.76 with the sterling rate 137 shillings 10% pence, up one halfpenny. Yesterday the pound was $5.04%. PARIS, July 20.—Francs were 15.16 to the dollar today (6.596 cents a franc). 20% xsnru yi Breed, Elliott 8c Harrison Established 1012 1115 CIRCLE TOWER Government Bon'is Federal a>'d Joint Stork Land Hank ISoihU Home Owners’ Loan Corporation Bonds Real Estate Preferred Stork an/| Bonds Building & Loan Storks Active Trading in U. S. Government Securities Municipal Bonds Land Bank Bonds Gravel Road Bonds General Market Securities Direct. Private Wire to Principal Markets jflL Jnvqjtmem If U ; Sqcuntiq* Pf ass 8 Hughel INCORPORATED Chicago, Ft. Wavne, Evansville INDIANAPOLIS Illinois Bldg., Lincoln 2565

JULY 20, 1934

WHEAT FUTURES CONTINUE RISE: HEAT INCREASES Corn Deliveries Also Show Gains; Oats Display Uneven Trend. BY HARMAN \V. NICHOLS I'ntted Press StafY Correspondent CHICAGO. July 20 —One hundred degrees heat throughout a major portion of the North American continent. threatening further deterioration to crops, brought a firm tone in grain prices at the opening of the Chicago Board of Trade today. Wheat started \ to I s * cents higher, corn was up % to 1* cents, oats was \ cent lower to % cent higher. The vast wheat empire baked in a tinderbox with temperature reported to be well over the 100-degree mark in many sections. The corn belt was equally warm with little hope for immediates relief. Crop ruin faced Europe, also, and prices at Liverpool were higher at the start despite realizing sales.

Chicago Futures Range —July 20— Jr'-. Wheat— High. Low. in 00 clos. July 101 I.oo* 1.00% .99* Sept 1 00* 1 01* 1 01% I.ol', Dec 1.04 1.03% 1.03* 1.02* Corn— July .89 521' Sept 64% .64% .64% .63% Dec 67% .67* .67* 66* Oats— Julv .45% .44% Sept 46 ,45*i .45% .45% Dec 46% .46* .46% .46* Re— July . •• .72% Sept 74* .74% .74% .73% Dec 76% .76', .76% .73% Bariev July .. •- .60*; Sept .. .58 .57* CHICAGO PRIMARY RECEIPTS —July 19— Bushels. Todsv. Last Week. Wheat 842.000 1.066.000 Corn 603 000 578.000 Oats 165.000 500.000 PLANS COMPLETED FOR NEW EVANSVILLE STORE Montgomery Marti to Build $75,000 Structure in State. By '1 imm Special CHICAGO, July 20.—Montgomery Ward officials today announced that plans have been completed for a branch store in Evansville, Ind., to be built at a cast of approximately $75,000. The building officials reported it is estimated to be ready for occupancy about Dec. 15. Earnings of the company, after all charges and taxes, for the month of June totaled $532,592, against a lass of $301,026 for the corresponding month a year ago. Net profit for the five months ended June 30 amounted to $3,842,538. as compared with a loss of $3,046,072 in the like period last year. LOAN~DATE~EXTENDED Borrowers Allowed Until Sept. 1 to Make Mortgage Payments. Maturity date of corn loans has been extended to Sept. 1. according to word received from Martin R. Lang of the state commissioner of weights and measures corn loan department. The loans will be carried under the same terms and conditions. Borrowers whose corn is stored in poor or inadequate cribs will be required to liquidate loans during August. Release procedure now in effect will continue. The borrower has full right to sell and receive benefit of higher prices until the loan is called. Business Activity Drops By Time* Special WINCHESTER, Mass., July 20. General business activity last week was 33 per cent below normal according t?> Winchester Institute of Finance index. This compares with 26 per cent below normal in the corresponding week last year.

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