Indianapolis Times, Volume 46, Number 62, Indianapolis, Marion County, 23 July 1934 — Page 9

JULY 23, 1034,

Wall Street Few Signs of Permanent Improvement Seen in U. S. Business. m RALHI HLNDfcKSHOI

Tim., '.•.rial lUIIMIII Writer MOST people in Wall Street are _ dubious about the business out look They believe that the ad-m:nir-:ration* efforts have done littlr more than bring relief and that ‘fundamentally we have shown rela- *. y ..‘tie prngre s. The e effnr' . It is contended must be cont:n ;<?d. with the con**qucnt piling up of govern-

debts and potential taxes Eventually. according to their reasoning we must either go thr o u g h the deflation wringer or indulge in inflation. Inflation is feared bccause it is felt it can not be controlled. -An ec o n-

§9

Ilrndershot

onu t ol one of the leading banks thinks we should have "taken the bill by the horns at the time of the bank holiday early In 1933 and in one major operation completed the liquidation proce.-,. He would have allowed only sound banks to reopen at that time and started the nation off wph a clean financial .slate. He has no ail: wer for the question of what explanation the state and national governments would have given depositors who lost money through the process in view' of their supervision over banking activities.. Viewed from our present position, this economist would still do a certain amount of cleaning house. He contends that deflation in a few industries would provide a sufficiently sound ba is upon which to build a steady, but gradual recovery. He docs not expect this to happen and foresees ultimate currency inflation as a result. a a a STILL others m the financial district look forward to a period of debt cancellations. The government itself will be one of the chief lasers, according to their way of thinking. Many people will not meet their obligations to the Home Owners’ Loan Corporation, they maintain, and the government will not have lhe courage or the desire to foreciasc on these mortgages. Such a step would have serious political consequences, they feci. The destruction of crops and farm animals ts regarded quite generally in the Street as an economic fallacy. While appreciating the handicap to satisfactory prices of a heavy surplus of agricultural products, the point is made that if destruction of property is economically justified wars also arc a good thing for a nation from an economic standpoint. And. they argue, most of our troubles today are traceable to the World war.

a a a INTERNATIONAL trade agree- . merits would constitute a highly constructive development at this time if they were made on the basis of mutual fairness, many authorities 1 maintain. The extension of credit to financially crippled nations also would help, these authorities claim. They take the stand that the world should forget its nationalistic trade policies and each nation should do all within Its power to foster international commerce. That difficulties would be encountered in that connection is granted, but it is argued that some progress could be made if the United States would lake the lead. But the Street was wrong in 1927 and 1028 it may be wrong today. The tact that it is desperate now may tend to w arp its judgment, just as its overconfidence threw it off he track a few years ago. It puts too much emphasis on figures and not enough on human emotions.

DOLLAR VALUE CLIMBS Pound equivalent to $5.0f 1 1 in l\ S. Money at London Market. /*•/ > wiled I'rcus LONDON. July 23 The pound was ssot , todav. Gold was $34.7(5 a fine ounce, down one-half of one nv with the sterling price 137 u* ngs 10'.- pence, up one penny, l day's rate was fixed with the \ at $5 04 St. .IS. July 23.—Francs were , to the dollar today <6.590 a franc'. Births rohrrt tnd Nola Combs Coleman hos-p:-*l \l!rei ar.d W..mf '* Kerr.odle. Colemar. ho*P'*at Robert and Elizabeth McCreav. Coleman hospital L>vd and Ava Newlin. Coleman hospital' Rt'r'sn and E'elyn Stv.der. Coleman he*tt*a! li* enee and Mary WUkerson. Coleman hospital 5 ;t and Helen MoMev. SIS East St Cla.r Kare'd and Luc Hawkins. 1537 Oimber R.t\ rr.or.d and Garnett Taigg. 316 East Sb'tth Ma . rt and Lula Hansbrough 104 Cora Par and Bes*.r Watson 1611 West Mtrke* Ralah and Waante Reeves. 757 West Near York. Girl* Pitra >rd and Hollice Gardner. Coleman hospital. l.tn r and Era Caldaell Coleman hospital f ;ar ar.d Edell Rouse;. Coleman hospital Harvey and M..dred Stone. Coleman hospital. F rl and Verda Woollen, Coleman hospital t-Rsy and He.en Devlin. 3113 South State Claud and Blanch Hammonds. 4064 East Sixteenth Raymond and Lottie Lexis. 4411 Sar.gster Roy and Helen Goyman. 517 South Warman James apd Cora Johnson. 311 Fa'et'e. John and Stella Ellery. 3251 Martindale John and Jacques Smith 1919 Hiehland r ace ▼trail and Gertrude Campbell. 1045'j Key stone John and Anna Horner. 326 Harvard place Leals and Sarah Cohn. Methodist hospital Ahirlm and Arlenna Catterton. Methods* hospital Pvad and Xngeborg Hoagensen. Methodta' hospital Fran* and Do* a Schlagel Mr.hod.st hospital. tea. and Mane Longiey, Method at hospital I. C. C. Authoriie-a Rail Purchase. Rw f aUrd Prtti WASHINGTON July 23 —The in•e; a•* corrmcs i 7;nnn.***;on todr. Ruinonred the Southern Pacific to "cqu.re properties of the New Mexico & Arizona and the Tucson & Nogales railroads. The acquisition will rive the Sou* hem Pacific more th*n 190 miles of railroad in Ariaona. J

STOCK MARKET DROPS SHARPLY; VOLUME GAINS Many Issues, Led by Rails, Touch New Lows for the Year. BY ELMER C. WALZER I mtrd Prr%i MafT Correspondent NEW YORK July 23—Further discouragement by holders of railroad shares became reflected in a heavy selling movement on the 'tock exchange at mid-session today and prices were smashed fractions to almost 4 points. The selling accompanied liquida- j tion in cotton and grams and a : drive against second grade railroad i bonds. On the stock exchange, a vast j number of rails touched new lows j led by New York Ceneral. w hich I toppl'd to 22%•. off 2' points. Other j new lows came in Chicago, North- I western issues. Delaware, Lacka-| wana fc Western. Missouri, Kansas. | Texas and Pennsylvania. Atchison | dipped more than 3 points to I around 55'.•. In the industrial list chief weak- , ness apparently sttled in steel issues. accompanying the American | Lron and Steel Institute's report of l reduced operations this Week, with j bosh U. S Steel and Bethlehem at new lows for the year. U. S. Steel touched 36 *. off 1%. and Bethlehem Steel fell to 28V off 1 V Western Union dropped more than 4 points to 35 and then came back to around 36V Several of the rubber stocks were j heavier, while sugars appeared fre- j quently at lower prices. Some! amusements were depressed with ‘ Loew s at anew low for tfhe year, j Volume picked up considerably on ! the selling. 340.000 shares being exchange in the first three hours with | 410.000 coming in the third hour alone. Money and Exchange INDIANAPOLIS BANK CLEARINGS —July 23 C!-rmc *1.752 000 00 Debr 1.403.000 00 FOREIGN’ EXCHANGE Bv Abbott. Hopin & Co.i —Julv 21— Close. Sterling England *3.04 % I Franr. Fisnrr 0033 Bcigia., Belgium 2333 Mark O'-manv 3305 ; Guilder Holland 6761 ; v ta Spain 1 366 | Krone Norway 2536 Krone Denmark 2253

Treasury Statement ■Bv Unit<*rt Prr*si WASHINGTON. July 23 Government, expenses and receipts ol the current fiscal \car to Juh 20, compared with ih corresponding period of ihe previous fiscal vear This Year Last, Year. Expend * 366.723.980 40 *225.716.572.24 ’55 552 M 115.607.865.26 Defini 203 418.527 86 110.108.706 98 Cash bal 2 521 597.016 42 ........ Investment Trust Shares /Bv Abbott Hoppin & Cos.) —Julv 21 Bid Ask. Amer Bank Storks Corp .... 1.07 110 Amer A: General Sec A 400 500 American & Inv Tr sh 1 75 Basic Industry shares 3.00 3.37 British Type Inv Tr sh 36 .42 Collateral Trustee shares A 4.43 4.53 Corporate Trust shares fold) 190 1.94 Corporate Trust shares (new) 2.20 2.25 Cumulative Trust shares 3.78 Diversified Trust shares A 6.12 Diversified Trust shares B 7.38 7.58 Diversified Prust shares C . 283 2.94 Diversified Trust shares D 4.38 4.48 First Insurance Stock Corp 78 .87 First Common Stock Corn . .62 .65 Fixed Trust Oil shares A . 7.75 Fixed Trust Oil shares B ... 6.62 Fundamental Investors Inc . 1.82 2.04 Incorporators Investments ..17.15 17.40 Land Bank Bond shares 1.16 1.29 Low Priced Trust shares 5.60 5.70 Mass Inv Trust shares ... .18.37 18.50 Nation Wide Securities 3.18 3.26 North Am Trust shares (53) 1.78 North Am Trust shares (55-56) 2.23 227 North Am Trust shares /58i.- 2.20 2.24 Selected American shares 2.51 Selected American shares Inc 1.17 1.26 Sel-ct.-d Cumulative shares 6,56 Selected Income shares - . 339 3.75 Std Amer Trus> share* A ... 285 2.89 Trust Shares c,f America ... 266 270 Truste Std Oil A 5 36 5.42 Trustee Std Oij b 493 5.03 r S Electric Lt A- Pw A 12 95 12 50 Universal Trust shares 288 2.92 New York Bank Stocks .Bv Abbott Honoin A: Cos * —Julv 21 Bid. Ask. Bankers ■ 63% 64 Brooklvn Trust. 97 101 Central Hanover 127% 128% Chase National 26' • 26'* Chemical 41% 41% National Cltv 25% 2.4% Corn Exchange 50% 51% Continental 12% 13% Empire 18% 19% First National 1,640 1.650 Guaranty 362% 364% Irving 16% 16% Manhatten A- Cos 28'* 29% Manufactures 21 21% New York Trust 102% in.3% Public 32 32

PROFIT GAINS SHARPLY Budd Wheel Income During Second Quarter Totals $89,131. Bv Cuffed /’res# PHILADELPHIA. July 23.—The Budd Wheel Company reports a net profit of $148,608.65 for the second quarter of 1934, after deducting depreciation. interest and taxes, as compared with $59,177.34 for the Orst quarter of this year and $16.036.97 for the second quarter of 1933. The total profit of $148,608.99 for the first six months covers the preferred dividend requirements for the period and represents earnings of 12 cents a share on the common stock outstanding. Deaths Anna F Dobyne 67. of 315 East St. Clair cerebral ihrombosis Rosa P. Douglas. 69. Methodist hospital, lobar pneumonia. Fannie Mover. 72 of 4122 North Meridian. arteriosclerosis. A’.ma Viola Bryant. 46. city hospital, diabetes meilitus. Andrew Taylor. 65 1127 South State lobar pneumonia Esther Eiunbeih Laronbv. 39. of 2401 North Oinev. cerebral hemorrhage Charles Jasper Alexander. 78. of 2634 East Eighteenth, chronic myocarditis. Philip Shurig 59 Long hospital, pulmonarv tuberculosis. Barney Carp. 6u Central Indiana hospital general paralysis Sarah M Duvall. 89. 5414 East Washington. chronic myocarditis. Charlo'ie Mav Miller 51. city hospital, accidental. . . A . . Grace E Neal, 49 Methodist hospital, diabetes melTT.us. Nellie S-udcr. 50. Central Indiana hospital. pulmonary embolus. Homer Kenneth Robbins. 43. of 1510 East Sixteenth angina pectoris Phtlip Reiflel. 49. Claypoo! hotel, coronary occlusion. Marv Jane Sehonover. 11 months, Ruey hospital, enteritis Alice E Wrenlmore. 62. of 227 South R uer eoronarv occlusion Mattie M Mahoim. 64 of 106 West Raymond. chronic myocarditis Leon Ross. 48. of 424 Harvard Place, cerebral hemorrhage. Eva Starrett Hoyt. 55 St. Vincent's hospital. chronic nephritis Sarah Elizabeth Steirruck. 47. of 425 North Rural, acute mvocarditis. William McCann. ' 68. cl ’ 111 East Michigan, carcinoma. Catherine Porter 34 of 1307% Lafayette, nephritis Anna Hilandes. 6s. of 1841 Zwmgiey. ulcerative colitis. Declare Policy Dividend Bv Timt * .> rial BOSTON. July 23 —A dividend of 20 por cent, payable on ail policies expiring in September, has been declared by the American Mutual Liability Insurance Company. This is American Mutual's 552d consecutive dividend of 20 per cent or more.

New York Stocks AOtKitt HODUID A CO *

AVERAGE STOCK PRICES FOR SATURDAY Net High. Low. Close, change. Thirti rndostrial* 94.89 94.31 94.62 —.l! Twenty rails 4010 Twenty utilities 21.99 21.73 21.83 -.13 Forty bonds •••• •••• 95..,8 .36 Ten first rails 10 - M ~ 07 Ten second rails •••• 81.21 .16 Ten utilities .... .14 Ten industrials ... 98.37 same -Off.

—July 23 Prev. Oil*— High. Low. 10 00. close. Amerada 43 43 All Rt g 24', 24S 24', 24% Barosdaii 7 6'a 7 6’ Conaol Oil ..... .. 9 9' Cont ol Df! ... If* 18% Houston ir.ewi ... ... 3% 3% Houston (old) .... ... 18% Indian Rig 2', Mid com Pet 12ta 12’ > Ohio Oil 11 10% Pc* Corp ... . 10, Phillips Pe> 10 ■ 18% 16 2 IB’ 2 Plymouth Oil •• • 10% 10-, Pure Oil •% Rova! Dutch *3% Sbd Oil 30 29; a 3hell Un ]% Sac Vac 15% 3 O ol Cal 33', 34 SOof N J . *3 * 43 1 j 43 1 2 43 , Texas Corp f2 , : Tidewater Assn }•} • JJ,* ; Uu Oil of Cal . 16% 16 16 15% Steel,— Am Roll Mill* 16% 16% B-ih Steel 36’* 30 , Bver, AM l** Col Fuel & Iron ,}% Ludlum Steel 11. 4 Natl Steel 39% Rep I A S 16% 1-M* Rep I A S pfd *5 6a , U S Pipe & Fdy •,, 20% U S Steel 37% 37 U S Steel pfd Warren Bros • ' * Youngstn S&T .. ••• 16 • 1° 8 Motors— Auburn . (is\ Chrysler -3?% 38% | Gen Motors 30% 30% 30% 30* j Gen Motors pfd 103 Graham Mot ... . *, i Hudson 7!. 7% 7% 7% Hupp 2a Macs Truck 25 25 Nash ■ , I-’ * Packard 33, Reo 3% 2Studebaker 3 3, i Yellow Truck 3% 3% Motor Access— Bendix 13% 13 13 13% I Bohn Alum 5.e% 55% Borg Warner 21% 21-, Briggs 16% 16% Budd Wheel 2% Eaton Mfg *5% Elec Auto Lite ■ 19% Houdaile A 3 a 3 * Mullins Mfg 9 Mullins Mfg pfd 33 4 Murray Bodv Stew Warner 6% Timken Roll • 2i% 28 Timken Det Axel 8 % Mining— Alaska Jun 19% 19% 19% 19% Am Metals ■ x 2 4 20 Am Smelt 38% 38% 38% 38% Anaconda • 12% 15% Cal & Hecla .. • , 3, 4 Crrro Dp Pasco 37% 37% 3i% 3i j Dome Mines 62 Granby J 4 Gt Nor Ore 10 10 Homestake Min .. 41a Howe Sound -- 5J% s % Ins Copper 3% 3 a Int Nickel . .. 2514 25 2.1 2a Isl Creek Coal ... • 29-, Kenneeott Cop ... 20 20 , Mclntyre Mine . • 43% 43 z Park Utah •• 3% 3% 3% ! i Phelps Dodge 16 4 4 U S Smelters .133% 133 133 134 Vanadium ••• 18% 18 a Amusements — Croslev Radio ... ... 15 Fox Thea • , I®% Loews inc 25% 25% 2n% 25% Radio Corp 5% 5% 5% 5* RKO ... • 1% *% Warner Bros ... 3 3tr 3 , 3-i Tobaccos— Am Sum Tob 20 Am Tob iA• 73, Am Tob (Bi 76 76 2 Gen Cigars 41% Lig A: Myers B 96 96 , Lorillard ii, 2 Reynolds Tob B 45% 45% 45% 4a% Rails— Atchison 59 58% B& O 19% 19% Can Pac 13 2 13* Ch & Ohio 45% 45% 45% 45% Chi & Gt W 2% 3 Clii & Gt. W pfd 5% C M & St P ... 3% 3 C M & St P pfd 5% 5% Chi N W 6% Chi N W pfd ■ }2% Dela & Hud .. 45% 45% Del Lac & W 19% 19% 19% 19% Erie 14% 14% Grt North pfd 17 16% 16% 16', 111 Central 19% 19% 19ts 19 3 s K C Sou ...... .. 9 9 Lehigh Valley 13% 13% Lou & Nash 48 M K & T 7Va Mo Pac • • • 3 Mo Pac pfd .... 4', 4 4 4% N Y Cent 25 24% 24% 25 N Y Chi & St L 15 N Y New Haven 11% 11 N Y Ont & W Norfolk & Wes , 185 Nor Pac ••• 20% 20% Penn R R 28 28 Sou Pac 20% 20 j s Sou R R 17% 17 17 17 Sou R R pfd 21% Union Pac l‘J’4 West Maryland 1® 1° Equipments— Allis Chalmprs 14% 14% Am Car & Fdy 18 2 Am Loco ■ ■ 21 8 Am Loro pfd 50% 50', 50',, Am Mach <fc Fdy 14% Am Steel Fdy . .. ■ 1-J. 8 Bald Loco ■„ • a Bald Loco pfd 39 t Burroughs If' a Case J I 48 48 Cater Tract .. ... 26 Deere Cos *8 •* Elec Stor Bat 41% Foster Wheeler .. ... I?- 2 Gen Am Tk Car 34% 34', Gen Elec 19% 19% Int Bus Mach 138 Int Harvester 32 4 Natl Cash Reg. , }5% Pullman Inc 46% 46% Rem Rand -®% 9% Und Elliot 46% West Air (B 20', Westingh Elec 33% 33 , Worthlngtor P 18 18 Utilities — Am A- For Pwr . 6% 6% 6'j 6% Am Pwr fc Lit %■ .5 4 AT&T 112% 112% Am Wat Wks 17% Brook Ur. Gas ... 63', Col Gas & Elec 10% 10% Com & Sou 2 2 Consol Gas 32% 32 32 32% Elec Pwr & Lit 4% 4% Int Hydro Elec 5 Int T & T 11% 11% 11% 11 4 Lou C & E iAI 15% Nat Pwr & Lit 8% 8% North Amer lo "s 15% Pac G & E 16% Peoples Gas 27% Postal Tel pfd . 15% Pub Serv N J .35 34% 3a 35 So Cal Edison . • 14 3 4 Std Gas 8% 8% BVs 8% Std Gas pfd ... ... 9 Stone & Webster 6 6% United Corp 4% 4% Un Gas Imp ... 15-, 15% Ut Pwr & Lit A 2% 2% Western Union .. ... 39% 39% Rubbers— Firestone 15 Goodrich . 10; s Goodyear ■ 24% 24% Kellv' Spring . . •■ • . l’s U S Rubber 14% 14 14% 14 U S Rubber pfd 35% Miscellaneous— Am Bank Note .. ... . 18 Am Can 98% 97’, Anchor Cap 19% Brklvn Man Tr 39% 39% Crown Cork 23 Curtis Pub 20% Curtis Pub pfd 83 Gillette . 12% 12% 12% 12% Glidden 24% 24 s , Inter Rapid Tr 7% Owens Bottle 74 Ravbestos Mfg 17 Foods— Am Sugar ... 68 69 Armour "A" 4% 4 s , Beatrice Cream 15 s , 15% Borden Prod 26% 27 Cal Packing 32 Canada D G A 18 Coca Cola 132 Cont Bak “A'' 7% Corn Prod 66 Crm of Wheat 32’ 2 Cuban Am Sug 6% 6", Gen Foods 31% 31% Gold Dust 19% 18% G VV Sugar 33% 33% Nat! Biscuit 34% Puritv Bak ~ ■ 1?% S Por R.c Sug 36% 36% 36% 35% Sner.cer Kellog 22% S'd Brands 19% 19% 19 1 19% Un Bisciut 25% Retail Store*— Best * Cos 32 Gimbel Bros 3* Gr Un Tea • . }% Hahn Dept Sts 4% 4% Jewel Tea Kresge S S ... 19% 19-, 19 * If% Kroger Groc 30 29 , Macv R H 2 41% Marshall Fields 14% 14% Mav Dent St , .. 38% Mont Ward . 2.% 2. • 2,% 37% Natl Tea ••• £0 Penny J C fn% Safeway St ... • jo Sears Roebuck 42 4! ■ 42 4Woolworth 49 ■* 49% Aviation— Aviation Corp .. 4 4 , 4% 4% 4 2 Curtiss Wright 2 • g*Curtiss Wright A ' Douglas Air 1,% 17 16 Nor Am Av .. • • „. i. 4 Soeerv Coro 7% .7% • •-> United Aircraft 15’, 15% 15 s 14 2 Wright Aero 41 Chemica's— ... Am Com Alcohol 26 , 26 s Col Carbon .... . • , . 8% Com Solvents . 19‘, 19% 19 s , 19 Dupont J* Liquid Cavb 23% Math Alkali 30% Montosonta Ch 50 Natl Du 19 18%

THE INDIANAPOLIS TIMES

Schenelev Di,t 22 21% Tex Gulf Sulph 33 33 Union Carbide 42% U S Indus Aico ... 41 Drug^— Cotv Inc st,5 t , Lambert .. ... 24% 25 Un Drue a. ... 13% 13% Zonlte Prod .. ... 4% 4% Financial — Adam* Exp 7% Allegheny Corp . • .. 2% 2', Am Int Corp ... 7 6', 7 8% Lehman Corp 70 Transamerica 6% Tr Conti Corp 4% 4% Building— Am Radia'or ... 13% 13% 13% 13% Gen Asphalt 16% 16% Int Cement .. . 23% Johns Manville 4P% 49% 49’, 49% Libbv Owens G!s .. .. 29% 29% Otis Elev 15% men Const 2 Household— Col Pal Peet ... 14% 14% Congoleum .... 26% Kelvinator 15 14% 15 14% Mohawk Carpet 16 Proc & Gamble 37 s , Simons Bed 11% 11% Textiles— Amer Woolen 9% Belding Hem 11% Celanese Corp 23 Collins Aikman 12 Gotham Hose . 6% Indus Ravon 23% 24% Kayser Julius 15% New York Curb (By Abbott, Hoppin & Cos.) —July 21Close.| Close. Allied Mills 7%i3en Aviation .. 4% Alum Cos of Am 61 5 8 Glen Alden Coal 21 5m Cyanide B 18% Gulf Oil of Pa 59 ’2 Am Gas &El 25% Hiram Walker.. 28% 4m Superpwr . 2% Humble Oil 41% 4sso Gas & El. % Imp Oil Ltd ... 14% Atlas Corp . 9%'lnt Petrol . . . . 27% Axton Fish Tob 57% Lake Shore Min 54% Brit Celanese . 2%'Libbv McN Lib. 5 Buck Pipe Line 31% Lone Star Gas . 5 San Ind Ale A 6% Natl Bellas Hess 3 2an Marc ... 2% Nia Hud Pwr 5% Carrier Corp .. 8% Novadel Agene. 19% Cities Serv ... 2 |Pan Am Airway 38% Common Ed. . 51%'Park Davis .... 25 3ord Corp . 3% Penn Road .... 2% Trwn Cork Int. 6% St, Regis Paper. 2% Deere & Cos 18%iSherwin Wms. 70% Distillers Lim - 221a! Std of Ind 26’, Distillers Corp 12%|Std of Ky . .. 16% 31 Bnd &Sh 12’ 4 ! Technicolor Ind 13% Fisk Rubber 8 'Un Gas 2’, Ford of Can A 19%!Un Pr & Lt A . 2% Ford of Europe 7%!Wr Hare Min . 9’g

Bond Prices By Fenner A: Beane —"

—July 23 High. Low. 10:00 Alieg Corp 5s ‘SO 34% 34% 34% Am A: For Pwr 5s 2030 53% 53% 53 % AT&T db 5s ’65 ... 110% Atchison gen 4s '95 . 105% 105% 105% B&O r.v 4%s '6O . . 61 60% 61 Beth Steel 5s A ’36 103% Brazil 6%.s .26< ’57 . 26 25% 26 Can Pac 4s '57 83 % Ch MStP&P ad A 2030 10% 9% 9% ChMStP&P rs 5s 75 34 33% 34 Cons Gas NY 4%s 'sl 106 10554 105% Denmark s'■_• s ’55 .. 90% Det Ed 5s E '52 108% Erie RR rs 5s '67 71% 71 71 Goodyear 5s '57 102% Gt Nor 7s A '36 ... 95 94% 95 Interboro RT 5s '66 . 74% 74% 74% Int T&T db 5s '55 . . 62% Nat Dairv rib 5%S '4B . 99% 99% 99% NY Cent 4%s O 2013 71% 71 7! Nor Am 5s ’6l ... 90% PacGas&El 5s A '42 .107% 107 197% Penn RR 4%s D 'Bl 98 Poland 7s '47 113% Royal Dutch 4s A 45 138 Shell Un Oil 5s '47 99% Texas Corp 5s '44 103% Un Pac Ist 4s '47 .... '... 108% U S Rubber 5s A '47 83% Western Un 5s ’sl 87 U. S. GOVERNMENT BONDS ißv United Press) NEW YORK Julv 21.—Closing Liberties. (Decimals represent 32nds.l. —Liberty—4th 4%s (33-38) 103.24 —Treasury—4V4s (47-52) 113.30 3-%s (41-43i March 105.20 3%s (43) 105.18 3%S (46-49) 103.17 3s (51-55) 102.11 FEDERAL .FARM LOAN BONDS (By Blyth & Cos., Inc.) —July 23 Bid. Ask. 4s Nov. 1, 1946-44 100% 100% 4s Nov. 1, 1957-37 100% 100% 4s May 1, 1958-38 100% 100% 4%S July 1, 1956-36 100% 101 4Us Jan 1, 1957-37 100% 101% 4%s Mav 1, 1957-37 100% 101% 4% s NOV. 1 1958-38 101 % 102 4%s May I,' 1942-32 100% 101 4%s Jan. 1, 1943-33 100% 101 4' .s Jan. 1, 1953-33 100' , 100% 4*.as Julv 1, 1953-33 100', 100% 4%s Jan. 1. 1955-35 100’.. 101 4%s Jan 1. 1956-38 101' , 102 5 s Mav 1, 194131 101 191%, 5s Nov. 1. 1941-31 101 101%, —Home oan—--3s Mav 1. 1952-44 104.29 101.02 4s July 1. 1951 . 101.01 101.06 —Federal Farm Mortgage Corpoartion—3', s March 15. 1964-44 . 102.19 102 24 The latter three quotations are in thirtyseconds. In the Cotton Markets —July 21 CHICAGO High. Low Close. January 13 30 13 18 13.29 March 13A0 13 28 13.40 Mav 13.46 13.36 13.46 Julv . 1300 October 13.14 13.0.3 13 14 December 13.28 13.15 13.27 NEW YORK January 13.24 13 10 13.21 March ... 13.34 13.22 13.31 Mav 13.39 13.28 13.33 Julv 12 90 12.83 12.90 October 13.01 12.94 13.04 December 13.30 13.07 13.17 NEW ORLEANS January 13.16 March 13.26 13.21 13.25 Mav 13.31 July 12.90 12.80 12.87 October 13.02 12.92 12.99 December 13.16 13.05 13.14 Retail Coal Prices The following prices represent Quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per t,oo is allowed Domestic Retail Price* Anthracite *13.50 Brazil lump 6.00 Brazil egg 5.50 Brazil mine hid 5.2a Coke nut size 8.2. r Coke, ege size 8.25 Indiana forked lump 6.00 Indiana egg 2-75 Kentucky lump 7.00 Pocahontas lump 8.00 Pocahontas eeg 8.00 Pocahontas forked lump 9.00 Pocahontas mine run /-2o New River smokeless 8.00 W'est Virginia lump 6.75 West Virginia ege ••••• Jj-oO Island Creek ••••••• ,7-00 Extra charge of 50c a ton for wheeling •oal and $1 a ton for coal carried t.o bin

TOTAL RESOURCES RISE Consolidated Statement of 2 Firms Show 5359.861 Increase. Bp Times Special NEW YORK. July 23.—Consolidated statement of the Fidelity Investment Association and the Fidel Association of New York, Inc., as of June 30. shows total resources of $24,644,918 compared with $24,285,057 as of Dec. 30, 1933; an increase of $359,861. Bonds held increased from $16.625.702 to $17,702,141 and other securities from $856,819 to $912,830. Loans to contract holders were reduced from 53.950.874 to $3,539,527. Cash was 5421.297 compared with $562,995 on Dec. 30. 1933. June Net Income Higher B 7Y mrf Sperinl NEW YORK, July 23.—Curtis Publishing Company for the quari?r ended June 30 reoorts a net income of $2,281,946. after ail charges, equal to 43 cents a common share against $1,445,425. or $1.68 a share of the preferred stock in the previous quarter. .

HOG QUOTATIONS 15 TO 25 CENTS LOWER IN CITY Cattle Also Display Loss: Sheep and Vealers Steady. Swine trading at the Indianapolis Union Stockyards was mostly steady to 15 to 25 cents lower today, weights under 160 pounds suffering the greatest loss. Some heavier weights remained unchanged from Saturday's market. Bulk heavy weights declined 15 cents, ranging between $4.75 and $4 80. Medium weights sold at from $4.55 to $4.75, lightweights at $3.50 to $4 and light lights at $3.50 to 54.25. Packing sows brought 3.50 to $4.25. Receipts were 5.500. including 191 holdovers. Not much action was shown in the cattle market, common and medium steers selling around 25 cents lower at $5.25 to $7.50. Good and choice heifers were near steady with Friday’s session, three loads being sold at $6 to $6.76. No action was shown on other she-stock, bidders offering 25 cents lower. Cattle receipts totaled 1.100. The veal market continued steady at $5 down on the 600 receipts. Sheep receipts numbered 900 with the trading steady. Good ewe and wether lambs brought prices of from $7 to $7.50 with bucks selling at $1 less. Throwouts sold at $4.50 to $6. Slaughter sheep were quotable at $1.50 to $3. A weak undertone was displayed in the Chicago hog market, no early bids being offered. Receipts totaled 28.000. including 14.000 direct. Holdovers numbered 3,090. Cattle receipts were 21,000 commercial, and 20.000 government, and calves receipts 2,000 commercial and 6.000 government. The market was weak as was the sheep market, which had receipts totaling 20.000. July Bulk Top Receipts, 17. 4 9 O'.i 5 no $5.00 5.500 18. 4.904 - )' 5.00 i n') 5.000 10. 4.8041) 4.90 4.95 5,000 20. 4.8041' 4.00 4.95 7.000 21. 4 80 4 90 4.95 2.000 23. 4.75® 4.80 4.80 5.500 Market, Lower (130-160) Good and choice ... 3.75® 4.00 —Light Weights—-(l6o-180) Good and choice ... 4.554? 465 (180-200) Good and choice ... 4.70® 4.75 —Medium Weights—-(2oo-220i Good and choice ... 4 80® 4.85 (220-250i Good and choice .. 4.85®, 4.90 —Heavy Weights—-(2so-290) Good and choice ... 4.80® 4.85 (200-350) Good and choice . 4.70®. 4.80 —Packing Sows—(2so down) Good 3.85® 4.25 (250 lbs )' Good 3.75® 4 10 (All weights) Medium 3.50® 3.85 —Slaughter Pigs—-(loo-130) Good and choice 3.00® 3.25 CATTLE Receipts. 1.100; Market, Lower Good and choice $ 6.50® 8.75 Common and medium 3.004/ 6.50 (1.100-1,500) Good and choice 7.00® 9.00 Common and medium 5.004/, 7.00 (675-750' Good and choice 5.25® 6.75 Common and medium 2.50®/ 5.25 (750-9001 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 I.oo® 2.00 Bulls (yearlings excluded) Good (beef steers) .. 2.50® 3.50 Cutter common and medium.. 1.50®; 2.50 VEALERS Receipts. 6(>i); Market, Steady Good and choice S 4.50® 5.00 Medium 3.00@ 4.50 Cull and common 2.00@ 3.00 —Calves— Good and choice 4.50®: 5.50 Common and medium 2.50® 4.50 —Feeder and CStocker CattleGood and choice 4.00® 5.50 Common and medium 2.75@ 4.00 (800-1.5001-Good and choice 4.00® 5.50 Common and medium 2.75®j 4.00 SHEEP AND LAMBS' Receipts, 900; Market, Steady Lambs, 90 lbs. down, good anfcl choice $ 7.00@ 7.50 (90-110 lbs.l Good and choice 6.75® 7.25 (90 lbs. down) Com. and med. 5.00® 6.50 —Ewes— Good and choice 2.00® 3.00 Common and medium LOOS’ 2 00 Other Livestock (By United Press) CHICAGO. Julv 23.—Hogs—Receipts, 28.000; including 14,000 directs: market very slow, around 10® 15c lower than Friday: 220-300 lbs. at $4.60®.70. lop. $4.75: 170-210 lbs.. $4.25®4.65; light lights. $3.75 4/4.15; good pigs. 52.75®3.25: packing sows, largely $3.90®4.10; light lights. 140160 lbs., good and choice, $3,504/4.25; lightweights. 160-200 lbs.. good and choice, $4.10 u 4.65; medium weignts. 200-250 ibs.. good and choice, $4,504/ 4.75; heavyweights. 250-350 lbs., good and choice. $4.50®.4.75. packing sows. 275-550 lbs., medium and choice. $3.25® 4.25; slaughter pigs. 100-130 lbs . good and choice. 52.75® 3.50. Cattle —Receipts, 21,000 commercial; 20.000 government; calves 2.000 commercial, 6.000 government: excessive run al! grades and classes cattle here: practically nothing done early, sales fat steers and yearlings 25c lower with indications that demand not broad enough to absorb the crop: bulk steers and yearlings of value* to sell at 5T.25 downward: shipper demand narrow due to heat wave and sluggish dressed trade conditions; all she-stock bulls and vealers unevenly lower, former class 2o® 50c off: slaughter cattle and veaiers: Steers, 550-900 lbs., good and choice, $5.50 (rt 8: 900-1.100 lbs., good and choice. $5.70 4/9; 1.100-1.300 lbs., good and choice. $6.25 (5 10; 1,300-1.500 lbs., good and choice, S7 4/1; 550-1.300 lbs., common and medium, $2.50®7; heifers. 550-750 ibs.. good and choice. ss® 7; common and medium, $24/ 5 cows, good. 52.754/.4.50; common and medium. $1.75® 3: low cutter and cutter cows, $1.75@2; bulls, yearlings excluded, good beef. $3,25®3.75; cutter, common and medium, $24j3.40: vealers. good and choice. $4.5047 6: medium. s3® 4.50; culls and common, $2.25® 3: Stocker and feeder cattle: Steers. 550-1.050 lbs. good and choice. 544/.5.50; common and medium. $2.25® 4.25. Sheep—Receipts. 20,000: lambs decidedly dull: indications. 50c and more lower: aged sheep about steady, but supported onlv bv scarcity; desirable native lambs at 56.50 downward: few best natives also choice westerns held $6.75 upward: slaughter sheep and lambs: Lambs. 90 lbs down, good and choice. s6® 6.75; common an'd medium. s4® 6.15; ewes. 90150 lbs., good and choice. 51.754/2.75; ajl weights, common and medium. $1.25®2.25. LAFAYETTE. Julv 23.—Hogs—Market. Steady; 200-300 lbs . $4.70® 4.80; 180-200 lbs.. $4.55® 4.60: 160-180 lbs.. 54.40® 4 50: 140-160 lbs., 53.65® 3.90; 120-140 Ibs.. 53.20 ® 3.40: 100-120 lbs.. $2,754/ 3: roughs. $4 down; top calves, $4: lambs, $6 50 down. FT. WAYNE July 23.—Hogs—5® 25c lower; 250-300 lbs., $4.80; 200-250 lbs.. $4,65: 180-200 lbs.. 54.60: 160-180 lbs.. $4.5: 300-350 lbs.. $4.70: 150-160 bs.. $3.85; ! 140-150 lbs.. $3.60; 130-140 ibs.. 53.35: 120- ; 130 lbs.. S2 75: 100-120 lbs.. *2.65; roughs. 53.50, stag. $1.75. Calves. *5. lambs. $6.75. /By Times Special' LOUISVILLE. July 23.—Cattle—Receipts. I 1.000 commercial, including 67 direct, no governments: general cattle market, very slow and uneven: better fed steers and 'heifers, 254; 50c lower than last Monday; i plainer grade grassers around steady with ! the close of last week, or fully 50c under last Monday; cows about steady; sausage j bulls, mostly 25c lower: bulk, common to medium steers and heifers. s3® 4.50: low quaiitv cutter grades. *2.75 down to around 52.25; most better finished fed \ steers and heifers. 554/.5.50: bulk plainer I grade grassy beef cows. $2,254/3; Stockers about steady: balk light Hereford heifers i salable. *4®4.50 better steer calves eiigii ble higher, inferior and common natives ; mostly S2 25®3. Calves—Receipts. 500 : commercial; no governments; vealers. f steady with last Friday and Saturdav: I bulk S4 down: strictly *4 50. Hogs—Boo. ■ including 130 direct: steady with Satur--1 riav or 5s lower than last Fndav: 210-300 libs'. $4 85: 185-205 bs.. *4 65: 306 lbs. up. *415: 160-180 lbs, 53.65. 145-155 lbs. S3 50 120-140 lbs *2.10: sows. *2 60. Sheep—Receipts. 3 700 including 1.085: .nock ewes receipts also include 1.765 stoex 1 ewes received Saturday: no early trading ion lambs, but most bids 50c lower or largely from $64/6.50 for bulk of the betI ter trucked in ewes and wethers: trading on stock ewes moderately active: general's- steadv: bulk ewes salable *5 504/7.50 a j head: choice Idaho and Montana vear- ! lings. *8 50 Profit Shows Huge Gain B;i 7 imrs £i>rcial NEW YORK, July 23. —Catalin Corporation of America for the six months ended June 30. 1934. reports net profit after depreciation and all other charges but before federal taxes, of $162,382.74 against $35,QI4 75 in the same period last year.

Chicago Stocks " By Sbboit. Hoppin k Cos t

—Juiy 23 High Low. llbO. Asbestos Mfg 4 • , * Bendix Aviation 13% 12-j 12 / BerghofT Brew Cos 4 j 4- 4 Borg-Warner pfd 21% 20% 20 , !3utier Bros 8% *1 3 4 Centra! & So West Chicago Corp com ...... ... 2% Chicago Mail Order ... Commonwealth Edison 51% 51 51 Cord Corn 9% Crane Cos 8% 8% 8 / Electric Household .... . 1$ Genera! House Util ■■; ■ 9 8% 8%

FREIGHT LOADINGS IN U. S, UP 82,971 CARS All Divisions Report Gains Over Previous Week. Bv Iti if/J Prr* WASHINGTON. July 23. The American Railway Association announces carloadinss of revenue freight for the week ended July 14 totaled 602.778 cars, an increase of 82.971 cars above the preceding week. This, however, was a reduction of 50,883 cars under the corresponding week in 1933. Miscellaneous freight loadings totaled 227.571 cars, an increase of 30.003 cars above the preceding week. Loading of merchandise less than carload lot freight totaled 157.793 cars, an increase of 19,867 above the preceding week. Grain and grain products aggregated 43.068 cars for the week, a rise of 5,936 above the week previous. Forest products aggregated 21.911 cars, an increase of 4,468 cars above the week before. Ore loadings amounted to 32.712 cars, an increase of 3.340 cars above the preceding week. Coal loadings totaled 94,580 cars, an increase of 13,912 above the week previous. Coke loadings amounted to 4,416 cars, an increase of 280 above the preceding week. Live stock totaled 20.722 cars, an increase of 5,169 above the week before.

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 13c bareback broilers lie; old roosters. 4c; ducks and geese. 3c; young guineas. 1% to 3 lbs.. 20c: old guineas, 15c: No 1 strictly fresh country run eggs, loss off 11c Each full case must Weight 55 Ibs. gross; a deduction of 10 cents a pound tor each pound under 55 lbs. will be made. Butter—No. 1. 27 <@2Rc: No. 2, 25®26c. Butterfat. 20c: Quoted bv Wadlev Company (By United Press) CHICAGO. July 23.—Eggs—Market, firm: receipts, 7.996: extra firsts. 16%c: fresh graded firsts, 16%c: current receipts. 13%,® 14%-c: dirties. No. 1. 13c: No. 2. lie: chocks. No. 1. 12c: No. 2. lie. Butter— Market, firm; receipts. 12.010; extra firsts '9O-91% score'. 22%®23c; extras (92 score), 24c: firsts 'BB-89% score'. 21 %® 22c: seconds 'B6-87%- score'. 20® 20c; specials, 24%®25c: standards. 24',c. Poultry- Market, steady to easy; receipts, 2 cars. 17 trucks; Leghorn hens. 9c: White Rock fryers, 15c; colored, 13c; colored broilers. 13c: White Rock. 15c. Plymouth Rock. 16c; spring geese, 7c: turkeys. 14c; old roosters. 9c: Leghorn broilers, 1% lbs. up. 12c; under 1% lbs., 12c; colored springs, 8c: Plymouth Rock, 20c; White Rock, 19c; hens, over 5 lbs., 12c; under 5 lbs.. 11c; black chicks. 100/12c: cocks. 8c; Leghorn cocks. 90-. barebacks. 13c Cheese —Twins. ll®ll%c: Daisies. 11%'® 12c; Longhorns. 11 %® 11 %c. Potatoes—Supply liberal; demand and trading moderate; market steady; Idaho triumphs, $1.50. showing decay, 95c® $1.25; Virginia cobblers, $1,050/1.15: showing decay. $1; Virginia barrel cobblers. $2.05: North Carolina triumphs, barrels. $2.05® 2.10. Arrivals, 80: on track, 380; shipments Saturdav. 517: Sunday. 17. NEW YORK. July 23.—Potatoes—Easy; Long Island. $1,650/ 1.85 barrel: New Jersey. 70c®/$l bag: southern. $lO/1.50 barrel: Maine, S1 % 1.15 barrel. Sweet potatoes —Steady; Jersey basket. 85co/$2.25: southern basket. 50C0/52.75. Flour—Steady; springs: patents. $7,450/ 7 barrel. Pork— Quiet: mess, $19.75 barrel. Lard—Steady; middle west spot, $4.63® 4.75 a 100 Ibs. Dressed poultry—Easy: turkeys. 120/27c; j chickens. 90/27c; broilers, 17®'29c; capons, 25® 35c: fowls, 100/18c; ducks, 12® 14c; Long Island ducks, 120/15c. Live poultry— Dull; geese, 7c: turkeys. 100/ 15c; roosters. 11c: ducks, 80/11c: fowls, 11® 15c; broilers, 16®25c. Cheese—Steady; state whole milk: fancy to specials. 180/19c: young American, 1 2 %0/ 13c. Butter—Receipts, 6.901 packages; market, firmer; creamery higher than extras. 25%®26c; extra (92 scorei. 25c: firsts 1 90-91 score). 240/24%c: first (88-89 score). 23®23%c; seconds. 22 ®22%c. Eggs—Receipts. 12.720 cases; market, firm: special packs, including unusual hennery selections. 200/23%c: standards. 19'iO/19%c: firsts. 17%c; seconds. 16 0/16'tc: mediums. 16c: dirties, 16c; checks, 14® 1 4%C. CLEVELAND. July 23.—Butter—Market, firm: extras 28c: standards. 28c. Eggs— j Market, steady; extra white. 17c; current receipts. 14c. Poultry Market—Steady: j colored fowl. 4% lbs. and up 15c: old roosters, 10c: ducks white. 5 lbs. and up 15c. On Commission Row —July 23 Quotations below are average retail prices being offered to buyers by local commission house dealers. Apples—Fancy Delicious, $2.50; Transparent.*. $1.50® 2. Peaches, Georgia, Elbertas, bushel, $1.35 ® 2.50. Oranges—California SunkiSt. $5®5,50; Valencies, $4.25® 4.75. Lemons—Sunkist. $6.50. Grapefruit—Florida seedless. $4 50. Cantaloupes—lndiana jumbos, flats. _7sc; standards, flats, $3.50. Honeydews, $3.50. Pears— Caiavos. $2.50 a box. Watermelons—2s®,7sc. Bananas —A pound sc. —Vegetables— Sweet Corn—Home grown, doz. 25c. Cabbage—Home grown, bushel. 65c. Celery—Michigan, at boxes, $1.25; medium. doz. 45c. Onions—California yellow, 50-lb. bag, $1.65. Potatoes—Rural New York. 100-lb bag. $1.65: Idaho Russets, 100-lb. bag. $2; new, barrel. $2.90. Sweet potatoes—New Alabama, bushel, $2. Beans—Round stringless, bushel. $1.75. Beets—New. 25c a dozen. Carrots—Home grown, bushel. $2; doz., 35c. Cauliflower—lOs-lls. crate. $2.50. Lettuce—Outdoor. 15-lb. basket. 85c; Iceberg best, S3 a crate. Pes—California, hamper, $3. Radishes —Ohio. 50 doz. bunches. 50c. Rhubarb—Home-grown, dozen, 25® 30c. Spinach—Home grown, bushel, 65c. Tomatoes—Hothouse. 10-lb. basket. 60c; original Tenn., 30-lb. lug. *2. CHICAGO FRUIT MARKET ißv United Pressi CHICAGO. Julv 23 —Fruits and vegetables: Apples—Michigan transparent*, bushel. $1®1.50. Cucumbers bushel, 75c®51.25. Carrots California, crates, $150®2.25; Illinois, bunches. 22%c. Tomatoes—Tennessee. lugs. 75c® $1.25: Illinois, flat lugs. 30®’60c. Sweet potatoes —Tennessee, bushels $1.50® 1.65; Alabama, $1.60® 1.75. Mushrooms —Illinois, lb cartons. 30® 40c Peaches—Georgia. 2 bushel. 85c®51.15. Red raspberries—Michigan, 24 pints. $1.75® 2.25. Lettuce California crates. 5 dozen. $2.75® 3.50 Beans—lllinois, green, bushel. Sl® 125; wax. 75c® 51.25, Cabbage—lllinois, crates. $1.40® 1 75. Cclerv—Michigan crates, 35®60c Cherries —Michigan. 16-quart crates, red. sour. 75c ®sl Canteloup—lndiana. crates. 75c a $1 25. Cauliflower—lllinois, 25® 75c, flat box. Corn—lllinois, 5 dozen yeliow. 60® 7oc Peppers—Tennessee, bushel s!®l2s; Illinois. Si® 2. Onion market: 'SO-lb. sacks' California yellows. *llo® 1.20; California whites, slßs® 1.90.

WHOLESALE COMMODITY INDEX UP 1.2 PER CENT Prices for Six of Ten Major Groups Advance During June. By ( nited Press WASHINGTON. July 23.—Wholesale commodity prices in June advanced to the highest level since April, 1932, rising 1.2 per cent above May. • The department of labor reported that the general level rose to 74.6 per cent of the 1926 average, compared to 73.7 per cent for May. Os the ten major groups of commodities covered, six showed an increase. three recorded declines, and one, house furnishing goods, remained unchanged. The upward trend in prices was “well distributed.” the report said. The largest increase fjom May to June in the mapor groups was registered by farm products, with an average of more than 6 per cent.

Kinevbtiry Bryw Cos 2% Libbv.McNeil Lvnch Corp .• 30 NobliU-£pi rks Ind . Iftc 12% Prfma Cos -■ 3% Swift k Cos 17% 17% 17% Swift International 31 . Walgreen do. com . 26'.

Cash Grain

IVDI \N.\rOLIS —July 21— The bids for car lo'.s of grain at the call of the Indianapolis Board of Trade f o. b . shipping ooint. basis !7%c, to river, were Wheat—Strong; No 1 red 91® 92c: No. 2 red 90 "91c; No 2 hard. 90y91c Corn—Strong; No 2 white So / file: No. 3 white. 59 i/ 60c: No 2 yellow . 57% :./ 58%c. No 3 veilow 56%®57%c: No I mixed. 56'.4/57’.- No. 3 mixed. 55%®SS’ c. Oais- Strong No 2 white 43® 44c: No 3 white, 42® 43c. Local Wagon Wheat Ciy gram elevators are paying *8 cents for No 2 soft red "rhiek ,nner grades on their merits (Bv United Press' CHICAGO. July 21 —Close; Wheat— No j red. $1! No. 2 red. 99%c No. 3 red. 99® 99%c No 4 red. 98c. ..mufv: No I hard. 5104%®1.05; No 2 hard *103%.® 1.04%-: No 3 hard $1.01% rough Corn— No. 2 mixed 64 %c No 2 veilow. 65 ® 65%c: No 3 veilow. 65c. No 6 veilow. 62c; No. 1 white. 67%.c; No. 2 white. 66% (i 67c: No 6 white. 62%c. Oats—No 2 while. 47 >,c. Rvc No 2. 75%c Bariev—68c: Quotable. 58® 96c Timothy—*9 35® 950 Clover Seed—*lo.2s® 14.00. Cash Provisions: Lard— $7 02: loose. $6 40: leaf S6 37: beliie-s. SlO TOLEDO July 21.—Cash grain tin elevators. transit billing l :Wheat—No. 2 red, 5101%®1.02% Corn—No 2 veilow, 68* • 69%C. Oats—No 2 white. 49%®50' ; c. Rve—No 2. 755/76c. (Track prices, 24%c rate.) Wheat—No 1 red. 98i/98%c; No. 2 red. 97®97%c. Corn—No. 2 veilow. 64® 65c: No 3 veilow- 63 /'64c: No 4 veilow. 62® 63c. Oats- No 1 white. 47®43%c; No 2 white 46®47%c; No. 3 white. 45%® 47c. ST. LOUIS. July 21 —Cash Grain: Wheat —ln good demand. %• to lc higher on red and 1 % to 2%c higher on hard. No. 1 red. 98'4%98%c; No. 2 red. 97®98%e early, and 98c at close; No. 3 red. 96 */ 97 %c: No. 4 red, 95%® 96%e. No. 5 red. 94%®95%c: No. 2 red garlicky. 93%®95c: No 3 red garlicky. 93%®94' c: No. 4 red garlicky. 93%®93%c: No. 2 rod smutty. 96%c; No. 3 red smutty. 95%c: No. 1 hard $1.04 No. 1 dark hard. $104',. No 2 light garlicky. 95®96c: sample light garlickv. 95%c: No. I mixed. 98%c: No. 3 mixed. $1.01%. Corn —ln fair demand. 1 to l%c higher; No. 2 yellow. 65c: No 3 veilow. 64%c; No. 5 yellow 63%c. Oats—ln slow demand, unchanged. No. 1 mixed, 47%c. Chicago Futures Range —July 23 Prev. Wheat— High Low. 1(1 00 close. Julv i.00% ion ion', .99% Sep! 1 A2% 1.01% 101% .99% Dec. 103% 103 1.03% 102% Corn Julv 6-1% .64 % .64% .63% Sept 66% .65% .66% .64% Julv 74% .73% .74% .72% Dec 47% .47 .47 46%, Dec 70 .69% .69% .67% Oats— Julv 45% .45 .45% .44% Sept 46% 46 .46% 45% Dec 47% .47 .47 ,46% Rye— Julv 74% .73% .74% .72% Sept 75% .74% .75% .74 Dec 77 .76% 77 .75% Barley— July ..... .60% Sept 57% Douglas Aircraft Reports Loss B.n Tjnu s Special NEW YORK. July 23.—Douglas Aircraft Company for the quarter ended May 31 had a net loss of $364,757, after charges as compared with a net profit of $8,205 in the previous quarter and a net profit of $52,074 in the quarter ended May 31, 1933.

TUESDAY IS THRIFT DAY K \POK ‘ IN OUR S/lOE DEPT. AftflEr $ PILLOWS Jcl LADIES 9 SUMMER 25c value £ i oddj-ot oi Not all sizes in lot. While HM) QrCSS SHirtS JSm pair last- __ ‘kV,? and B jjjf Broken sizes. \(N pants \ 1 X.y V.' V\ Triple stitched. NEjwr 1 pocket*. Sizes While 160 pair avmuo last. Children's Ladies' Cure Silk A low W festC HOSE T "Ji/ SHOES I M VOC CLOTHES PINS fl* 5Q,;”-"fr U T D,ES I2'/2‘ HA EGG nd Q C LADIES ’ SKILLETS 'Jfr UIACU Good for Campins Ml FT Of| lUtia % 7 FROCKS fir 5 \L c rrtuuiw) [m'. M I Toe 1 (V, QQ C w KNICKERS I Broken *izr*. |

niertA atid Womenx CLOTHING ON 6ASY CREDIT ABKIN G MARINE Cb. 117 W. WASHINGTON ST.

9.45 A m rues Thurs Sat I* M 600 P M Mon Wed.. Fr! pi® 11:45 P M Mon. WI.W Daily I r See Newspaper Schedules.

Watch and Jewelry Repairing Only the Hrieot material* ued! Round Watch frytal- I.V Ip' | Slankil 112 W WASHINGTON ->T.

jfJuifd OUTLET JyCfriFS HOE STORES SHOES AT COWEST PRIC&3I fOW :$! *. Washington si. —5 fO3 ts. WaahinetoP St STORF9 109-H1 S Dlinole 1

TRY A WANT AD IN THE TIMES. THEY WILL BRING RESULTS.

PAGE 9

WEATHER NEWS SENDS FUTURE PRICES HIGHER Further Crop Deterioration Reported as Intense Heat Continues. BY HARMAN \V. NK lIOLS I nMed Pres* Staff Crrespondeo| CHICAGO. July 23 Weather news was bullish at the opening rt the Board of Trade today and gram prices continued on the upgrade. Wheat started ■% to 1% cents higher, corn was up to 2% cents, oats were up 4 to < cent, and rvo was % to a cent higher The west, southwest and middlewest remained hot and extremely dry with complaints of further crop deterioration coming from all sections. At the start the trade ignored news from the Canadian wheat belt of scattered showers. CHICAGO PRIM4RY RECEIPTS —Julv 2i Bushels. rorinv La*i Win. Corn 1 687.000 570.000 Oats 171.000 73 900 CUT MADE IN DAILY OIL PRODUCTION ALLOWANCE Average Output Must be Sliced lo 2,449,300 Barrels in August. II II I II iti ll I’l CHll WASHINGTON. July 23.—The daily allowable oil production for August was set at 2.449.300 barrels, a daily decrease of 81.000 barrels from July, by Harold L. Ickes, oil administrator, today. The decrease resulted primarily from an increasing surplus of gasoline in storage. The order also pointed out production requirements were lessened to balance supply and consumer demand. Texas was reduced 40,300 barrels to 1 001.300 daily; California. 19,200 to 490.000; Kansas, 3.300 to 131.200; Oklahoma, 9,400 to 480,000. and Pennsylvania 3.300 to 40,700. NET INCOME CLIMBS City Ire and Fuel Earns 51,403,678 for First Six Months of Year. Bit 7 hunt Special CLEVELAND. July 23.—City Ire and Fuel Company, operating in twenty-six states and in Canada, reports for six months ending June 30 last, net income of $1,403,678, after taxes, depreciation and all other charges. This compares with $1,176,530 or this period last year. Total s.vles of the company for the six months amounted to sll.367.200, as compared with sales of $9,190.1888 for this period in 1933.

BED Wh'wKLK Y* I In*. King*. Gold Teeth m mmediatel* Brine to 1 Gold Smelting Cos. I ;e Bldg., 4th Floor I, 06 t. ant Market St I

LOSTPower and Speed if your carburetor needs attention— Scr\ir* t*v Expert* No More CARBURETOR SALES AND SERVICE 211 K. Ohio t. LI. 1950 - /

Hanning 6rc-. Opo Nunda* * '1 oan? tn vm < Wh. A Penn *t. ' J Kresce Bide INDIANA'S l-AKl.r-Si 4 DENT A) OBG4NI7.AIUIN ‘

f INNER-SPRING MATTRESS m&eiv WHITE FURNITURE CO. 243-219 W. W ASH. ST. '