Indianapolis Times, Volume 46, Number 65, Indianapolis, Marion County, 26 July 1934 — Page 16

PAGE 16

GRAIN FUTURES UNSETTLED BY WEATHER NEWS Wheat Irregular; Corn Off; Oats and Rye Advance Fractions. BY’ HARMAN YV. NIC HOLS Cnllfd Frfn Staff Correaponfrnt CHICAGO, July 26—Chants In weather conditions over the grain 'Celt brought about unsettled grain Jirtces at the opening of the Chicago Board of Trade today. ; T Wheat opened *i cent lower to % cent higher, corn was off ■% to -% Ijder.t. oats were unchanged to *4 cent higher, and rye was ’% to -1 * cent up Cooler temperatures were reported over many sections of the belt, although predictions for the north- ’ vest included dry and hot weather today. Liverpool wheat tended to the , up side, but the market was somewhat nervous owing to the unsettled political conditions in Europe. , Chicago Futures Range —July 26 $4 hr at— rT High Low. 10 00 e!o*e. July 9* i 37’, 98% OS Sep- loo 1 . 38% D'J 39% Dec 1 or. 100', 100’. 101 Cri— July 64% 4>. 61', 64*4 Sept 66’, 65% 65’, 66*1 Dec B#% 66 2 63’. 69 1 * Oatv—juie .. ii s . Sept 45', 44’. .45*. 44’. Dee .46 45% 46 .45V. Rrr— July .72', 72 .72'’, 72% Sept 73% 73% .73’, .73’. Dec .75'4 .75 .75', .75 Barley— July .. 59% Sept .. •• .55 .55', CHICAGO PRIMART RF.CriPTS —July 25 —Bushels— Todxv Last week. Wheat 1 291 000 1 520.000 COrr. 1.581 000 839 000 Oats 164 000 86000

Cash Grain

INDIANAPOLIS —July 25 Th bids for car lo's of grasp at the call of the Indianapolis Board of Trade, f ob. 17%c to rner rate, were: Wheat—Strong No. I red 90 1? 91c; No 2 red. 89®90c: No. 2 hard. 89® 93c. Corn—-Strong, No 2 white. 63®.64c: No. 3 white. 62<i63e: No. 2 yelow. 60 . 1 61 c: No. 3 yellow. 59®60c: No. 2 mixed. 59® 60c: No 3 mixed. 58ii 59c. Oats—Strong: No. 2 white. 42%®43%c: No 3 white 41%fi42%e. Hav if o b country points taking 23%c or less rates to Cincinnati or Louisville) — Steady; No 1 timothy. $13613.50. —lnspections Wheat—No 1 red. 4 cars: No. 2 22 cars: No. 3 red. 10 cars: No. 1 hard, a cars; No. 2 hard. 7 cars. No. 3 hard, 3 cars. No. 2 mixed. 2 cars, sample. 1 car. Total. 54 cars. Corn—No 2 white. 2 cars; No. 3 white. 2 cars: No 2 yellow. 11 cars: No. 1 vellow, 12 cars. No. 4 vellow. 5 cars. Total. 32 cara. Oats—N<> 3 white. 6 cars: No. 4 white. 1 car. Total. 7 cars. Loral Wagon Wheat City gram elevators are paying 87 cents for No. 2 soft red wheat. Other grades on their merits. (Bv United Press! CHICAGO. Juiv 25 —Cash grain: Wheat —No. 2 red. 9&%c*?*l 00%; No. 3 red. 97%®99‘. No 4 red 97%c: No. 3 dark hard $1 01 * a No. 1 hard. SI 03’,; 104 No 2 hard Si 01 %ftl 01 %; No. 2 vellow hard. *102%. No. 2 mixed. 97%c*/*l. Corn—No. 2 mixed. 66*166' 4 c: No. 1 vel- \ low. 6$ 1 4®67%r; No. 2 yellow. 66®67%c; No 3 vellow. 65\c: No. 4 yellow. 64%*i sc; No. 6 vellow. 63%c- No. 2 white 67' 2 r ®7%c: No. 3 white. 67c. Oats—No. 3 •nixed 44c No. 2 white. 46%*i; No. 3 ’•C. 43 1 1 *i 44' 2 c. No 4 white. 43’ -c: pie grade white. 41%® 45c. Rye— No. 75c. Bariev- B8r; quoting. 58®95c. .mothv- SlO 25® in SO Clover seed—slo 25 mi 14 Cash provisions—Lard. $7 05; loose. $6 47: leaf $6 50: bellies. $lO. TOLEDO July 25—Grain close: (Grain In elevators transit billing). Wheat—No. 2 red. 81.00%®! 01% Corn—No. 2 yellow. 70% >?7l' 2 c. Oats—No. 2 white. 48%*t 49' 2 c. Rve—No 2. 75 n 76c. iTrack prices 24%c rate). Wheat—No. 1 red. 96%®97c: No 2 red 95%®96%c. Corn—No. 2 vellow 66 i 67c. No 3 vellow. 65 a 66c: No. 4 yellow 63 a 64c Oats—No. 1 white 46®47%c. No. 2 white. 45®4%c; No. 3 white. 43®46c. ST. LOUIS. July 25 —Cash grain: Wheat —ln good demand, steady to ' 2 c higher on red: and I%u3c high*r on hard: No. 1 red 90 %c; No. 2 red. 96' *|i 97c: early. 97‘je at the close: No 4 red. 95' 2 *196' 2 c: No 2 red garllekv. 93%®94c; No. 4 red garlicky. 96’c No. 3 light garlickv. 96' 2 c: No 1 mixed. 98c Corn —In fair demand. 2®2%c higher. No 2 yellow. 68' 2 c: No 2 vellow 68c- No 6 vellow 65' 2 C; No. 2 white. 71c No. 3 white. 69%®70c: No. 4 white 68’c: No 5 white. 66' 2 c. Oats— In fair demand, steady: No. 3 white. 46c; No 4 white 44’ 2 c. sample grade white. 43c: No. 2 mixed. 47®47%c: No. 3 mixed. 46c; Nb 2 red. 47* jc.

Births Bovs • James and Dora Strange. 1355 South Sheffield . _ Glen and Pheobe Smith 329 Beautv Hobart and Josephine Powers. 825 Warr, Dona'.d and Georgette Ho'.lowav. 15 South Keystone „ _ William ar.d Bertha Sims. 2410 North and Ha seel Reeves. 29 South West Ambru* and Catherine Short. 454 Divls--10 Paul ar.d Mildred Bratton. 2114 North ** Joseph ar.d Susie Rose. 329 Cable. and Margaret KoeM. 1148 North H Joseph and Pauline Hooks. 1145 Roache. Cleve and Georgia Barnes. 4934 East Everett and Nellie Craig. 923 Edison. Deraid and Inez Bvmaster. 3638 Creston *nd Edna Hack. 726 South Kevstore __ „ Ellsworth and Nellie Thortnan. 96 North lr Le*?:s and Larraine Hooker. 1015 St. Paul Frank and Fave Richardson Deaconess hOSDI’II Lerov and Hazel Meenach. 3272 Schofield Girls Edgar and Marv Kelsev. 1731 Cruft. Albert and Rebecca Smith. 2530 Columbia Glenn ar.d Marietta White. 546 Union. Rev ar.d Lela Jones 524 Holton. Harlev ar.d Katherine Bur.dv. 142. Bradburv John ar.d Mabe! Pe rce 1240 Cameron Johr. and Anna Vaughn. 361 North and Marv Miles 1634 Finley Jewell and Frieda Mav. 749 North Belle y\r% Paul and Poll? Jones. 2412 South RanVtiert ar.d Edith Stone 322 Grand Fiord and Paula Blair. 2860 Highland place EMPLOYMENT BOOSTED Lumber Industry Shows 3 Per Cent Increase During April. Bp Tim ic# Special CHICAGO. July 26—Employment in the lumber industry during the month of April showed an increase of 3 per cent, according to reports of the National Lumber Manufacturers' Association. Total pay rolls of the industry revealed a rise of 130 per cent. During March it wrs reported, there were 236.851 men employed, while in Apnl the number reached 244.027. Pay rolls for March totaled *l4 6785.647 as compared with $14,866,463 for April. Refrigerator Sales Doubled Bp Timet Special NEW YORIC. July 26 —Electrolux Refrigerator Sals, Inc., sold twici as mau.y gas refrigerators during the six-months period ending on June 30. as in the similar period of 1933, it has been announced by F E. Sellman. eice-preaident of the com-

SEVERE DROUGHT PERSISTS IN NATION’S GRAIN BAISIN

w PRECIPITATION MAY ITO JULY 17, 1934 pK LINES SHOW PERCENTAGE OF NORMAL ■■ m-

The above chart prepared by the commoditj’ research bureau, depicts the severity of the drought which has decimated crops throughout the grain area.

C. M. NET EARNINGS OFF DURING QUARTER Report $37,972,535 Total in Period: Sales Rise. Ity I it> <t Pr* •> NEW YORK. July 26.—General Motors Corporation earned a second quarter net income of $37,972,535, equivalent to 88 cents a share j on common stock, compared with j $38,903,364. or 90 cents a share, in the corresponding 1933 period, Alfred P. Sloan Jr., president, reported today. For the first half of 1934, the corporation showed a net income of $64,997,503, equivalent to $1.51 a share, compared with $43,478,441, or sl.Ol a share in the first six months of last year. Cash, U. S. government and other marketable securities held by the corporation as of June 30 totaled $201,713,115, compared with sll7,- j 303.966 at the close of 1933 and $200,488,763 on June 30, last year, j Net working capital was placed at j $301,817,504, against $243,832,895 on ! Dec. 31 and $259,499,831 on June j 30. 1933. Net sales of General Motors in j the second quarter amounted to i $303,407,073, compared with sl9l,- j 594.311 in the second quarter last year. Net sales for the half-year were $508,531,153. against $311,954.474 in the corresponding 1933 period. Produce Markets Delivered in Indianapolis prices; Heavy hens, 10c Leghorn hens. 7c 1934 broilers. 2 lbs and over. 16c; Leghorn broilers 1 1 2 to 2 lbs. and over 13c bareback broilers lie; old roosters. 4c; ducks and geese. 3c; vouiik guineas. 1% to 3 lbs., 20c: old puineas. 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. I. 27 4,28 c; No. l. 23®26c. Butterfat. 20c; Quoted bv Wadlev Company ißv United Press) CHICAGO. July 26.—Eggs—Market, steady; receipts. 9.558 cases; extra firsts, 16'jc; fresh graded flrsts. 16c; current receipts. 13'14'2C; dirties. No. 1. 13c; No. 2. lie; checks. No 1,12 c; No. 2. 11c. Butter—Market, steady; receipts. 14.530 tubs; extra flrsts 190-91' 2 score'. 23® 23'c: extras <92 srorei. 24c: firsts 18889’. score', 21 1 7® 22%c: seconds (86-87'a score'. 20®20%C: specials. 24' 25c; standards. 24c Poultry—Market, firm: receipts. 19 trucks; Leghorn hens. 8® 10c; colored broilers. 14c; white rock, 14c: Plymouth Rock. 19c; spring geese. 10c; turkeys. 14c; old roosters, 9c; Leghorn broilers. 14c; springer chickens. J 9 0/ 23c. hens over 5 lbs.. 13c; under 5 lbs., 11c; black chicks. 10'./12c: cocks. Bc. Leghorn cocks 9c; barebacks. 13c. Cheese—Twins, 11 ’4i 11 ’ c: Daisies. ll,®T2c; Longhorns, 11 1 2*111’ic. Potatoes- Supply moderate; demand and trading improving; market, strong on good stock; Idaho Triumphs, badiv decayed. 50c: Virginia Cobblers. sllo'./125; showing decay. Sl® 1.05; California White Rose, slightly decayed, SI: Virginia barrel Cobblers. $1.90/2. Arrivals. 35 on track. 315; shipments, 355. NEW YORK. July 26 —Potatoes—Strong: Long Island. Sl.so''/ 1.85 bbl.- New Jersey. 50c''/ $1 bag; southern. 75c ft 51.75 bbl.; Maine. $1 ft 1.15. Sweet Potatoes—Firm; Jersey basket. 50c4/ $1.25: southern basket, $?75/3 Flour—Steady: springs; patents. $7 504i 775 bbl Pork—Quiet. Mess —$19 75 881. Lard —Steady Middle West Spot—s 4 704/4 80 a 100 lbs Dressed Poultry— Quiet, turkeys. 12® 27c: chickens. 9ft 26c; broilers. 16" U 25c; capons. 254/35c; sow ls. B'il7r: ducks, 1245 14c. Long Island ducks. 124/ 15c Live Poultry—Steady: geese. 7c; turkeys. 104516 c; roosters, lie; ducks. 84> 10c; 'fowls. 10 ft 15c: broilers, 13ft 25c. Cheese —Firm; state whole milk fancy to pec: a Is. 184/19c; Young America. 13c. Butter Receipts. 15.606 packages; market, steady to firm; creamery higher than extras. 25 l *'/6c: extra <92 score* 25c: firs* .90 to 91 score'. 24®24’*c. first 188 to 89 score'. 23ft23%c: seconds. 22®22%c. Ftes Receipts. 14.879 cases: market, firm: special packs including unusual hennery selections 20' f 4i 23' _c: standards. 20c. first 17%c: seconds 16'_-c: medium. 15 ! 24/ 15’ ic dirties. 15'2' 16c. checks. 14ft14%C. CLEVELAND. July 26-Butter—Market steady extras. 28c: standards. 28c. Eggs —Market steady; extra white. 18c; current receipts. 15c: ordinary firsts. 13c. Poultrv- Marke; firm; colored fowls. 4' 2 lbs and up. 145'2C: old roosters. 10c: ducks, white. Slbs and up. 14c Potatoes

—Virginia. $1.75*11.90. On Commission Row -—Julv 26 Quotations below are average retail prices being offered to buvers by local commission house dealers. Apples—Fancy Delicious. $2.50: Transparents. $1 50*f2. Peaches. Georgia. Elbertas. bushel. $1.35 —California Sunklst. $535.50; Valencies. $4 25*14.75. Lemons—Sunkist. $6.50. Grapefruit—Florida seedless. $4 50. Cantaloupes—lndiana jumbos, flats. 75c: standards, flats. $3 50; Honevdews. S3 50. Pears—Caiavos. $2 50 a box. Watermelons—2s 8 75c. Bananas— A pound sc. —Vegetables— Sweet Corn—Home grown, doz. 10'.? 12c. Cabbage—Home grown, bushel. 40® 50c. Celery—Michigan. at boxes, $1.25: medium. doz. 45c. Onions— California vellow. 50-lb. beg. $1 65 Potatoes—Rural New York. 100-lb bag. $1 65; Idaho Russets. 100-lb. bag. $2: new. barrel.’ SI 25*T 1.40.Sweet potatoes—New Alabama, bushel. $2 Beans —Round stringless, bushel. $1.50® 1.75. Beets—New. 25c a dozen. Carrots—Home grown, bushel. $2; doz.. 35c. Cauliflower—lOs-lls. crate. *2 50. Lettuce—Outdoor. 15-lb. basset. 85c; Iceberg best. $3 a crate. Peas—California, hamper. $3 Radishes—Ohio. 50 doz. bunches. 50e. Rhubarb—Home-grown, dozen. 25®30c. Spinach—Home grown, bushel. 65c. Tomatoes—Hothouse. 10-lb. basket. 40® i 50c original Term., 30-lb. lub. $2. CHICAGO FRUIT MARKET Bv United Pres*> CHICAGO. Julv 26—Fruits and vecetables- Apples—Michigan transparents, bushel 50c® *125 Cucumbers—lllinois, bushels 75c 7$ 1 75 Carrots —California, crates *1.50 81 75 . 6 doz. bunches Illinoise bunch. I : 3%c Tomatoes—Tennessee. lug boxes $1 ; 1 50: Illinois lugs 2r> t 75c Sweet potatoes—Tennessee, bushel. *! 50® 1 85: Alabama. *125 Mushrooms— Illinois lb cartons 25*7 40c Peaches— Georgia, bushel. *llo® 115. Lettuce—Cadforma crates. *3 50 ® 3.75; Illinois leaf box. 10 5 25c Beans ■green 75c%5l 25: Wax. 75c <i $125. Cabbage- Illinois. crates slso® 175 Celery— Michigan crates. 40®50c: flat box. 30® 60c. CTterries —Michigan. 16 ots.. red. sour 55e it! Canteloup-Indiana, crates. $1 i 135 Cauliflower—Wisconsin, bushel 90c® $1 75 Corn—lllinois. 5 loz . vellow. 20® 50c Peppers—Blinds, bushel. $1 50®2 75. Onion market: <SO lb. sacks' California— Yellows sllo® 120 California, whites *1 65® 1.75; Washington Valencias. $1 05 ; ■ 1 15: lowa, yellows. 7tKißoc. AUTO FINANCING CLIMBS Jane Total Advances 58 Per Cent Owr Like Month of 1933. By United Pren * WASHINGTON. July 26.—New automobile financing during June increased 58 per cent over June, 1933. and 81 per cent over June, 1932. the commerce department reported today. Only a slight increase over May, 1934, was noted.

Hog Quotations Advance 20 to 50 Cents at Pens

Cattle, Sheep and Vealers Firm; Chicago Trade Near Standstill. A complete reversal of prices was shown in hog trading at the Indianapolis Union Stockyards this morning, quotations ranging mostly 20 to 25 cents higher with underweights as much as 50 cents above the previous day. The market for the last few’ days has been showing steady declines, but the price rise today brought values back to about an even keel with a week ago.

JOINS AGENCY STAFF

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Rollo C. Hester (above), local advertising man and member of the Indianapolis Advertising Club has been added to the staff of Oakleigh R. French, Inc., St. Louis. Mo., advertising agency. Mr. Hester will work under Oakleigh R. French, head of the agency, and former Indianapolis resident. Mr. Hester, active in local Masonic circles, and for many years a leader in the Boy Scout movement, is the fourth Indianapolis man to become connected with the St. Louis agency in the last three years.

Deaths Herbert Robert Castor. 33. of 1332 Beilfontaine. chronic convulsions. Harrv L Hillerv. 24, Central Indiana hospital, cardiac failure. Angie McCloskey, 68, of 120 North Bosart. cerebral hemorrhage. Alice Dorsett, 60, of 2015 Adams, chronic myocarditis. Joseph W. Myers. 64, St. Vincent’s hospital. acute myocarditis. Joseph T. Jefferson, 29, Pine and Fletcher. acute myocarditis. Anna E. Burns. 54. St. Vincent's hospital. chronic myocarditis. Mary Darling. 65, of 746 DeQuincy, cardio vascular renal disease. Marv Martha Tracy. 8. city hospital, chronic nephritis. Leslie Morgan. 29, city hospital, general peritonitis. Edward Mills. 49. Fair Grounds hotel, liter cirrhosis Lillie Ann Wheeler, 56, of 1106 Oliver, cerebral hemorrhage. Vina June Hale, 75. city hospital, broncho pneumonia. ■Rrl Lloyd Woods. 5 months, city hospital. heat exhaustion. Samuel Ellidtt. 50. city hospital, broken

neck Wiiham Murray. 44. city hospital, tuberculosis. Emma' Clay Goodnow. 79. of 5514 University. carcinoma. Lula May Smith, 66. of 5045 East Twelfth, apoplexy Elizabeth Edwards. 68. of 550 South Arbor, cerebral hemorrhage. Albert Gardner. 42, city hospital, heat exhaustion. William L. Noe. 73, of 128' a North Delaware. acute myocarditis. Hubert Jordan. 67. of 937 North La Salle, heat prostration. Joseph Bekeleski. 62, Christian hospital, encephalitis. Zelma Mefford. 50. of 5915 Forest Lane, carcinoma. Fred A Helcher. 67. of 719 Lincoln. coronarv occlusion. Sarah Ann Edeev. 81. of 429 South West, acute cardiac dilatation. Leslie Owens. 6 months. 963 North Tremont. heat exhaustion. Ethel Beatrice Phillips. 29. of 720 West Thirtieth, carcinoma. Patricia Joan Springman. 11 months, ci'v hospital, broncho pneumonia. Horace Bolser, 71. of 1717 Park, coronarv occlusion. Ella Barnett. 79. of 340 North Tacoma, carcinoma. Sarah K Mark. 79. of 3845 Kenwood. arteriosclerosis. Kuhrvn Ann BrinkerhofiT, 3. city hospital. streptoccic septicaemia Nettie Hess. 57. Methodist hospital, hyperthyroidism. George Jones. 65. city hospital, carcinoma. Martin F. Sears. 70. city hospital, broncho pneumonia. Mary Sullivan. 57. St. Vincent's hospital, cerebral hemorrhage. Maggie Buckner. 65, cf 1826 West North, arteriosclerosis. Joe Adams. 62. of 960 East Washington, heat exhaustion. John M Scott. 46. of 1703 1 a East Michigan, heat exhaustion. Salvadore Sansone. 87. of 538 East Merrill chronic myocarditis. Elizabeth Alexander. 80. of 973 Belle Vieuw place arteriosclerosis. John Griffin. 54. of 101 Cincinnati, chrcnic myocarditis. Jesse Cotton. 51. of 917 Stillwell, heat exhaustion. _ . , _ ~ Abraham Sanders. 49. Central Indiana hospital, acute nephritis Ida Whittington. 54. Long hospital, carC Kent Smith, 8 months, city hospital, congenital heart disease. „ .. Florence Nichols. <4. of 3232 North Illinois, cerebral hemorrhage Rose Sartori. 30. Long hospital cirrhosis ‘Dante! O'Rouke. 71. of 604 North New Jersey, heat exhaustion. George Wheeler. 5 months. 1140 South Belmont, acute Inanition. T „ Rena Heider.reich. 71, Central Indiana hospital, arteriosclerosis. Laura McDermott. 54. Long hospital. ' pu monarv embolus . Fred Hartman. 47. city hospital, heat ; exhaustion. , , ... | Frank D Donaldson. i3. of *6O North ! Ke'cham, heat prostration. Julius H Morrow. 75. of 141 < Barth, diabetic gangrene Charles J Seefred. 65. of 2414 Pierson, edema of brain. Business Failures Gain CHICAGO. July 26—Dun Bradstreet reports business failures in the United States for the week ended July 19. totaled 234, compared with 211 in the previous week, and 366 for the like week a year ago.

THE INDIANAPOLIS TIMES _

Receipts in the hog market totaled 3.000 and holdovers numbered 737. The bulk heavy weights brought prices of from $4.75 to $4.90. Medium weights sold for $4.50 to $4.75, light weights at $3.40 to $4 and light lights at $2.50 to $3. Packing sows brought sellers prices ranging between $3.50 and $4.25. The cattle market had 900 receipts, the run including several loads of good beef steers valued between $7.50 and $8.50. Early bids were stead. She-stock trading was slow. Good heifers were quoted at $2.50 to $5, bulk cows at $1.75 to $2.50 and low cutter and cutter cows at 75 cents to $1.75. Vealers continued to hold firm ranging from $5 downward for the 500 on hand. Sheep trading also was steady, good ewe an wether lambs bringing $6.25 to $6.50 with a few choice ranging up to $6.75. Bucks held at $1 less. Throwouts brought $4 to $5.25 and slaughter sheep $1 to $2.50. Trading at Chicago as in the last two days was almost at a standstill because of the strike of handlers. No early prices were quoted. July Bulk. Top. Receipts. 20. $4.80® 4.90 $4 95 7.000 21. 4.80® 4.90 4.95 2.000 23. 4.75® 4.80 4.80 5,500 24. 4.65® 4.75 4.75 6.000 25. 4.50® 4.65 4.70 4.000 26. 4.75® 4.90 4.90 3,000 Market. Higher (130-160) Good and choice $ 3.75® 4.00 —Light Weights—-(l6o-180) Good and choice.... 4.50® 4.65 (180-200) Good and choice.... 4.65® 4.75 —Medium Weights—-(2oo-220* Good and choice..*.. 4.75® 4.85 (220-250) Good and choice.... 4.80® 4.90 —Heavy Weights—-(2so-290* Good and choice.... 4.75® 4.85 (290-350* Good and choice.... 4.70® 4.80 —Packing Sows—(2so down* Good 3.90® 4.25 (250 lbs.* Good 3.75® 4.10 (Ali weights* Medium 3.50® 3.90 —Slaughter Pigs—-(loo-130) Good and choice 2.50® 3.00 CATTLE Receipts, 900; Market, Steady Good and choice $ 6.50® 8.75 Common and medium 3.00® 6.50 (1.100-1.500) Good and choice 7.00® 9.00 Common and medium 5.00® 7.00 (675-750) 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 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, 500; Market, Steady Good and choice $ 4.50® 5 ' 99 Medium 3.00® 4.50 Cull and common 2.00® 3.00 —Calves— _ , Good and choice 4.50® 552 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® 552 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 800; Market, Steady Lambs. 90 lbs. down, good and choice 5 6.00® 6.50 (90-110 lbs.) Good and choice 5.75® 625 (90 lbs. down) Com. and med.. 4.00® 5.50 —Ewes— Good and choice J-75® 2.50 Common and medium I.oo® 1.70

Other Livestock , (Bv United Press) FT. WAYNE. July 26.—Hogs—Steady to 25c higher: 250-300 lbs.. S4 80; 200-250 lbs., $4 65; 180-200 lbs., $4.55: 160-180 lbs.. $4.45; 300-350 lbs.. $4.50: 150-160 lbs.. $3.75; 140150 lbs.. $3.50 130-140 lbs., $3.15: 120-130 lbs., $2.65; 100-120 lbs.. $2.35; roughs, $3 50: stags. $1.75. Calves. $5: lambs, $6. LAFAYETTE July 26 Market— 151250 c higher; 200-300 lbs., 54.70®.4.80; 180-200 lbs 54.55*7 4.60: 160-160 lbs,. $4.40®4.50: 140-160 ibs.. $3.50*7 3.75; 100-140 lbs., $2.35 *5.3.15; top calves, $4.50. Lambs, $6 down. (By Times Special) LOUISVILLE. July 26.—Cattle— Receipts, 175. including 28 direct; salabe supply increased bv sizable carryover from recent davs- this week demand narrow, trading very'slow, about steady with Wednesday's decline, on plainer grade grassy steers and heifers: bulk, common to medium, steers and heifers, quotable $2.75*54.25; with low quality grassy cutter grades. SI 50*T2.50: practical top on good dry fed yearlings around $5.50: bulk beef cows, $2 25*52.75: good kinds S3 and above; bulk sausage bulls. $2.25*52.75: best heavy kinds quotable higher: most light Hereford heifer stockers, s4*s 4.50. Calves—Receipts. 300: including 52 stock calves: vealers, steady, bulk $4 down; strictly choice, $4.50. Hogs—Receipts. 500- 15c higher; top and bulk desirable 210-300 lb. weights. 54.75; 185-205 lbs.. $4.55: 305 lbs. up. $4.05. 160180 lbs.. $3.75; 145-155 lbs.. $3.40: 120-140 lbs.. $2; sows. $2.50. Sheep—Receipts, 2.000, including around 500 fresh stock ewes: lamb market, steady: bulk better trucked in ewes and wethers, $5.75 to mostlv $6; choice kinds to 56.25 and above: bucks discounted and light throwouts, mostly S3 50 down: fat slaughter ewes. sl*7 2 stock ewes salable mostly $5.50*1 7.50 a head: choice young ewes, quotable to $8.50. Marriage Licenses ‘Louis Harrison. 26 of 2702 Caroline street, porter and Eurine Larkin. 21, of 1655 Mar’indale avenue, housekeeper. Flovd Sharpe. 23. of 2246 BeMefontaine street, pharmacist, and Elenor Laube, 21, of 2311 Shelbv street, stenographer. Elmer Sommers. 22. of 1222 Cornell avenue. landscape gardner. and Dorthella Stantlev. 22. of 521 Bright street houseEgeers. 22. of 3250 North street laborer, and Vivian Edwards. 18. of 343 South Taft street, housekeeper Austin Wilson. 26. Cincinnati. 0.. manager of home for aged, and Es r -elle Plummer. 28 of 323 Lindsev street, clerk Bernard Trisler 22. of 4608 East Tenth street, laborer, and Margaret Brown. 19, of 4608 East Tenth street, housekeeper. Paul Baker. 24, of 3502 North Capitol avenue, hardware wholesaler, and Katherine Illingworth. 21. of 44 West Thirtysecond street, housekeeper Otis Bell 21. of 406 West Walnut street, usher and Louise Hughes. 19. of 1306% North Senate avenue, housekeeper Frank Bealman. 52. of 29 West Ninth street, blacksmith, and Lillian M George. 46 of 29 West Ninth street, housekeeper Ernest Yates. 31. of 316' 2 East Washiruz'on street, truck driver, and Hanna Heeers 29. of 1942 North LaSalle street. h °Rofcert I Via!pando 26. of 1222 Carrollton avenue teacher, and Marv Wine. 20. of 1309 North Jefferson avenue, housekeeper Net Income Climbs CHICAGO. July 26 Net income of Jones & Laughlin Steel Corporation totaled $886,252 for the second quarter of the current year, equal to slsl a share on the 7 per cent cumulative preferred stock. This compares with a loss of *1,682.801 for the coresponding period of last year.

’ " ’ " New York Stocks ■i 1 ißv Abbott Hoppia * Coj ’ AVERAGE STOCK PRICES FOR WEDNESDAY Net High. Low. Clos*. change. Thirty industrials 92.08 90.09 91.57 -.56 Twenty rails 37.97 36.71 3i.59 —.31 Twenty utilities 21.11 20.60 20.90 • +.lO Forty bonds •••• 94.51 .40 Ten first rails -.3. Ten second rails •••• Ten utilities •••• •••• 98.69 .33 Ten industrials •••• 97.66 —.lB -Off. -ip

—July 26 Prev. Oils— High. Low. 10:00. close. Amerada Atl Rfc 2 3 a 23S 23 s 23 Barnsdall • ••*. L, Consol Oil ..... §’• B’2 8 ’ 2 ,§ 3 2 8S Cont of Del ... 17% 17 l*' 77 8 Houston (new) j 8 Houston (Old* -I?, 8 Mid Cont Pet 77 8 Ohio Oil 79 1(| Phillips P Pet .... 16% 16' 18 * 16% Plymouth Oil 79 ., 2 * Pure Oil 8 8 J. Roval Dutch - , Shell Un 7% 7/ 7% 7 * Soc Vac 74 % ISJ* SO of N 3 J.42% 42% 42% ** Texas°Corp':::: 22% '22 ‘22 22 * Un Oil of Cal 15% 15% Am'M Mills 15’, 15% 15% 15% Am Roll Mills. 15% 15% 15% 15% Beth Steel 28% 2.’, 28U 27 Bvers AM 18 8 Col Fuel & Iron * Cruc Steel 52,, Inland Steel iL* Ludlum Steel ... •• ••• Mid Steel 8% 7% 8% g ’ Natl Steel 39 % 39 * Rep Iron A- Stl 13% 13% 13% 13 * Rep Ir & Stl pfd 2 U S Pipe & Fdy H, V S Steel * 83% U S Steel pfd 83% 83 4 Youngst'n S & T 16 * Motors— Auburn ■ • 29 v ie! 2 Chrysler 36% 36% 36% 36 2 Gen Motors ... 28% 28 3 s 28 3 4 28% Gen Motors pfd . ••• lu f, 2 Graham Mot ii 8 Hudson 78 S".!E Truck ':: ::: ::: R&rt-.v::::: ft •' 1* L i 2 Studebaker J * ~, Yellow Truck. 15 8 Motor Access— Bendix 12% 11% 12% 11% Bohn Alum 52 Borg Warner IS 4 Budd Wheel 2 , /2 .f,® Eaton Mfg 4 2 3 8 Elec Auto Lite ■* Houdaille A ... •• Mullins Mfg •• Mullins Mfg pfd 3 2 Murray Body e 3 B Stew Warner __ Timken Roll 27 Timken Det Axel 0 '* Mining— Alaska Jun 19% I 9 I 9 8 J| 3 . Am Metals .... •_ i? 3 “ Am Smelt 36 35% 3.j 3 * Anaconda 11/8 ii/„ Cerro De Pasco 37% 37% 37 2 38 Dome Mines 39,2 Gt Nor Ore 9 8 4 Homestake Min :- 3/ Howe Sound /4 31Z InS CfiPPPT ,#. . • • 'nnt 003 , j Oil, Int Nickel 23% 23% 23% 24 4, Int Silver . 00 Isl Creek Coal •■* *lOl/ *1344 18% Kennecott Cop.. 18% 18/4 ’S^ 8 Mclntyre Mine 45 /2 Iq 4 Noranda Cop .. --i Park Utah 3% 33 4 Phelps Dodge St Joe Lead 1 " , ' 4 ,i 0 U S Smelters ... •- •••,, Vanadium 1| \T.\? Ji *4 Vanadium 18 17Va 18 Amusements — Croslev Radio ’qa? Fox Thea ...... ■ * *O2l/ oatt. 00s. Loews Inc 23% Radio Corn 5 4/g % 4 Warner Bros 3/2 3/4 Tobaccos— qqu. Am Snuff ; Rll /2 Am Sum Tob 4°% ifu Am Aobacco A... ■ • •*.? 4 Am Tobacco 8.. 70% 75 7oV. (o Gen Cigars ... qg Ligg & Myers B .. •• ■ •• • Reynold! Tob ; B- 45% '45% '45% 45% Atchison 56 55% 55% 56 ch n & p ohio".:::::: ::: U jJ ghl&mw^pid':: ::: C M & St P 2 3 8 is; CM& St P pfd 4 8 | 3 8 Chi N W - 5/4 ,g,+ Chi N W Pfd IV, 2 Dela & Hud 42 , 5/ 2 Del Lac & 11 4 ,4 8 Erie ;;; {93^ Gr't 6 Northern pf i5',4 14% | 4 f 8 J 4 ; 4 111 Central 2 Lehigh 0 Vailey'! i••• 11 /8 M u K \ N T sh .::::: ::: *;•% ™ M K * T pfd I 7 x 5 5 . Mo Pac , 7 , 05 8 Mo Pac pfd •• ••• „ 3 8 qS 5 8 N Y Cent 22% 22% 22’ /s -2 ,a N Y Chi & St I, N Y C & St L pf in,/ 8 N Y New’ Haven

N Y Ont & West ••• . 2 Norfolk & Wes l ß^ 2 183 Nor Pac }s,V 4 3 = 7/. Sou Pac 18% If' 8 }f 8 if,. Sou R R •■■•••• 15% I 5 15 i| 3 8 Sou R R pfd ,12,4 Union Pac iu 2 v 4 Wabash a,, West Maryland 84 8/4 Equiments— Allis Chalmers. 1 2 % 1 2 ,, 8 Am Brake Shoe , Am Car & Fdy- 14% 15% Am Car & Fd pf 22 ' 4 Am Loco ioi. Am Mach & Fdy 74 Am Steel Fdy... • • ••• ••• , Bald Loco ...... 7% 7% 7% 7% Bald Loco pld Burroughs /4 Ca5eJ1..*....... ... • _ n Cater Tract 26 Deere & Cos i, 2 Elec Stor ~3 1 Foster Wheeler 77/8 Gen Am Tk car •• ••• ’-iau 18% Gen Elec 78v * 12 /4 Gen R R Sis? {L, Tngsol Rand 17a' 2 int Harvester 27 2 28 * Natl Cash Reg If* \\\ Pullman Inc 46 4o a Rem Rand 8 % 8 3 2 West Air (Bi 79 % } 8 , 4 Westingh Elec. 37 8 3 ? 7 /8 Worthington 73,8 Utilities — Am & For Pwr ? 3 4 112% 112% 112% Am Wat Wks ... 16% 16% 16% 16% Brook Un Gas b 2 Col Gas At Elec ?% 9* Com & Sou 1% Ij 4 Consol Gas 39 % 37 , 4 Elec Pwr & Lit 3 8 3 ,, 8 E P & L pfd Int Hydro Elec S 7 8 Int T & T.. - 9 % Lou G & E (A) 74 Natl Pwr & Lit 88 North Amer 73 8 74 8 Pac G& E .. ••• I® I ' 2 If 8 B3S*tß*Sm.’. :: ::: ’> m ~,i ft... ft*; 1 Std Gas 2j 8 ~ 3 , Std Gas pfd < 8 i 5 4 Stone & Webster 38 United Corp Un Gas Imp ... 15% 15 15 73 * Ut Pwr & Lit (At •. •• 2 2 Western Union.. 35 34 3 4 34.a 35,a Rubbers — s/ Firestone - 7 L B Goodrich ’ q, /2 Kelly Spring.... 1% 1% 7 8 7 8 U S Rubber... 13% 13 13 13 .a U S Rubber pfd 33 %

Miscellaneous — Am Bank Note.-. •ii a , 15^ Amer Can 95’A 95% 95 y* 9o ,t Anchor Cap i'J Brklvn Man Tr • ZZ™ Conti Can 77 k ii Crown Cork 20_ 20-4 Curtis Pub l8 " t i°,, Curtis Pub pfd Wp Eastman Kodak - < ? Gillette 12‘a Inter Rapid Tr 7V Owens BottleN 6? Ravbestos Mfg 15*4 Foods— Am Sugar 65 65Ji Armour 'A>- 4% 44 Beatrice Crearr. -13 Borden Prod . 28 Cal Packing ••• 35'* 35-x Can Dry G Ale •• ... •- Cont Bak (A).. •• ... Corrt Frod 64 3 4 64 Crm of Wheat 32 31% Cuban Am Sugar , 6's Gen Foods 31% 307. Gold Dust 18% 18 G W Sugar 32% 32 Hershev 62 Natl Biscuit. 33% Natl D Prod 16V* 16% Puritv Bak 11 S Porto Rico Sug 33% Spencer Kellog . •• 20% Std Brands . . 18% 18% 18% 18% Un Biscuit 25 United Fruit 69 Retail Stores— Asso Drv Goods 8% Best A Cos 30 First Natl Stores 60% Gimbel Bros 3V 4 3% Gr Un Tea 4% Hahr. Dept St* * Jewel Tea 46 Kresge S S I|% Kroger Groc 28% Macv R H „ <O% Marshal! Fields. ■ . 11H 11% Mont Ward .... 24% 24% 24% 25 Natl Tea Penny JC. J 9 37% SaXew&y St...* •• •••

Sears-Roebuck .. 39% 39%3339 3 39% Woolworth 49% 48% 48% 43% Aviation— Aviation Corp . .. ... 4% 4% Curtiss Wright 2% I s , Curtiss Wr (A) 8 7% Douglas Air 18% 15% Nor Amer Av 3% 3 Speerv Corp 7% United Aircraft.. 15% 15% 15% 15% Wright Aero 40 Chemicals— Afr Reduction 96% 96 Allied Chem 128 128 Am Com Alcohol 25% 25 Col Carbon ... . 66 Com Solvents.— 18% 18% 18% 18% Dupont • 88% 88 Freenort Tex 28% 29% Liquid Carb 21 21 Math Alkali 29 Montoson Chem. ■■ . 49% 48% Natl Dis (new). 18% 18% 18% 18% Schenelov Dist . 20% 20% 20% 20% Tex Gulf Sulph 32% Union Carbide 40’* 40’a U S Ind Alcohol 39 39 Vir Chem 6% pf 12% 13 Drugs— Coty Inc 5 4% 4% 5% Lambert 24 Un Drug 12% 12% Zonite Prod 4% 4 Financial— Adams Exp 7 7 Allegheny Corp 1% 1% Am Int Corp 6% Chesa Corp 41 s Lehman Corp .. •• ••• ••• 67 ■* Transamerica .. 5% 5% 5% 0 Tr Conti Corp 3% Building— Am Radiator ~ }2% 12% Gen Asphalt ... 14% 14% 14 4 14% Int Cement • 21% Johns Manville 46'.* 46 46 46 % Libby Owens Gls 27% 2i Otis Elev 14% 14% Ulen Const I*4 HouseholdCol Pal Peet 13% 13'i Congoleum - 25% Kelvinator 13 }3% Mohawk Carpet 13% Proc & Gamble 35% 35% Simmons Bed 10’* 10 3 ,4 Textiles— Amer Woolen 8% Belding Hem J* , Celanese Corp 21 7 /e Collins Aikman 11 1* Gotham Hose 5% Indus Rayon -3% Kayser Julius 1; a Real Silk 8 % New York Curb

(Bv Abbott. Hoppin & Cos.) —July 25 Close. 1 Close. Allied Mills 6%! Gulf Oil of Pa 56 Alum Cos of Am 57% Hiram Walker . 26 Am Beverage . l%!Hud Bay Min... 13 Am Cyanide B 17% Humble Oil .... 40*4 Am & Fo Pr Wa 3'% Imperia Oil Ltd 14% Am Gas &El . 23 Int Petrol • 26% Am Superpower 2 Lake Shore Min 52 A.sso Gas & El. % Libby McN Lib 4% Atlas Corp .... 9% Lone Star Gas . 4% Brit Celanese • 2% Natl Bellas Hess 2% Can Ind Ale A 6>/a!Nia Hud Pwr... 5 Can Marc 1% Novadel Agene . 18% Cities Serv ... l’slPan Am Airway 35% Con Gas of Bal 6% Park Davis 24% Cord Corp . .. 3'/a|Penn Road 2% Creole Petrol.. 12 ISt Regis Paper. 2% Deere & Cos ... 15% Sal Crk Prod... 5% Distillers Lim.. 22 Sherwin Wms... 67% Distillers Corp. 11 Std of Ind .... 26% Dow Chem ... 77% Std of Ky...... 15% El Bond & Sh 11% Technicolor Ind 12% Ford of Can AlB Teck Hughes Go 6% Ford of Europe 7% Un Gas ........ 2% Gen Aviation .. 4 Un Pwr & L%\. 2 Glen Aid Coal. 21% Wr Harg Min.. 9%

Chicago Stocks

' — (By Abbott. Hoppin & Co.I —July 26High. Low. 11:00. Bendix Aviation 11% 11% 11% Borg-Warner 19 17% 17% E L Bruce Cos , 9 Butler Bros 7% 7% 7% Chicago Corp pfd •• 26 Chicago Mail Order ... 10 9 9 Commonwealth Edison.. 49 48% 48% Cord Corp 3 Crane Cos 7 % Electric Household 73 % Marshall Field & C 0... 11% 10% 10% General House Util § Great Lakes Dredge 73 Iron Fireman 73 % Kingsbury Brew Cos 7 % Libby McNeil 4% 4% 4% Lynch Corp f 8 Noblitt Sparks Ind Inc 11% Prima Cos ••• 3 , Swift & Cos 15% Swift International ... 30% 30% 30% Thompson JR 3 % Vortex Cup Cos 73 % Walgreen Cos com 25 a Zenith Radio 2Va

Bond Prices

By Fenner & Beane’ —July 26 High. Low. 10:00 Alleg Corp 5s 'SO 29% Am&For Pwr 5s 2030 . 57 ‘ 2 AT&T db 5s ’65 110% 110 110% Atchison gen 4s’’9s 104 103 Vi 103 Vi Brazil 6%s (26) '57 25 Can Pac 4s ’57 ••• ,?2, 4 C&O 5s A ’39 „ 779 % ChMStP&P adj 5s A 2000 9 8% 8% ChMStP&P rs 5s A ’75 37 % Det Ed 5s E ’52 798 , Erie RR rs 5s ’67 b 8 67V 2 67% Goodyear 5s ’57 102% 102 102 * Os. Nor 7s- A ’36 92% 92% 92% McKess&Robb s'is ’SO. .. ‘ 8 * Nat Dairy db s'4s '48... 99% 99% ?9 a NY Cent 4'is O 2013 89 ’ Para Pub s'is 'SO •• ••• 40^2 Penn RR 4%s D ’81.... 97% 97% 97% Poland 7s ’47 113% 113% 773 % Shell Un Oil 5s ’47 99% 99 99 Sin Cons 6%s B '3B ••• 794 % Texas Corp 5s ’44 ...103 102 4 J 9!, 8 Tob Pr NJ 6%s 2022... •• ■ 79 ®‘ 8 Un Pac Ist 4s '47 108% 108 108 U S Rubber 5s A ’47 ... 83% 82% 83% Ygstwn S&T 5s B ’7O 85% 85 85% U. S. GOVERNMENT BONDS (By United Press) NEW YORK. July 25.—Closing liberties: (Decimals represent thirty-seconds) —Liberty—--3%S (32-471 794 7 3 First 4%s (32-47) 793 2, Fourth 4%S (33-38) 103.24 —Treasury—--4%5. 3%s (45) 794 8 4%S (47-52* 373 25 3%s (43-471 793 -7 3 3 as (40-43) June 795 73 3%s (43* 795 73 3%s 146-49) 793 | FEDERAL FARM LOAN BONDS (By Blyth & Cos., Inc.) —July 25 Bid. Ask. 4s July 1. 1946—44 100% 100% 4s Nov. 1* 1957—37 100 100% 4s May 1, 1958—38 100 100% 41 is July 1. i956—36 100% 101 4%s Jan. 1. 1957—37 100’* 101% 4%s May 1. 1957—37 100% 101% 4%s Nov. 1, 1958—38 101 102 4Vis May 1. 1942—32 100% 100% 4%s Jan. 1. 1943—33 100% 100% 4%s Jan. 1. 1953—33. 100% 100’* 4%s July 1. 1953—33. 100% 100% 4%s Jan. 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 3s Mav 1, 1952—44. 100.23 100 30 4s July 1. 1951 101.00 101.4 Federal Farm Mortgage Corporation 3Vis March 15. 1964—44 102.14 102.20 The latter three quotations are In thirtyseconds.

INTENSE HEAT DAMAGES INDIANA CORN CROPS Tuesday in North. Central Sections Burnt; Work Near Standstill. The hottest weather of the year prevailed during the week ended Tuesday and there was little or no rain in sections other than areas along the middle and lower Wabash river, according to the United States department of agriculture. The intense heat, hovering around the 100-degree mark most of the week was a deterrent to state com crops other than in the Wabash valley, fields in the central and northern sections of the state having burnt top leaves and tassels. Field work during the week s'ood almost at a standstill except for threshing of wheat in northern sections. Oats threshing made some advances. Early peaches are reported being picked in the southwestern part of the state, and first watermelons from that section are now being marketed.

STOCKS DECLINE 1 TOl2 POINTS; TRADIN6HEAVY Selling Spree Hits Market: Many Issues Drop to New Lows. NEW YORK. July 25.—The stock market underwent the heaviest selling movement of the year in mid-session today with tickers forced six minutes behind the market and prices tumbled 1 to 7 points. BV ELMER C. WALZER United Press Stiff Correspondent NEW YORK, July 26.—The stock market had its most drastic break in several months today as tremendous selling came in on a flood of war rumors, entirely unconfirmed. Going into the final hour, losses were 1 to 12 points in the general list with declines ranging up to 17 points in some inactive shares. Scores of new lows for 1934 were recorded and the October, 1933, lows in the Dow-Jones averages were approached. Among the lows were United States Smelting around 113. off 12; United States Steel 33 %, off more than 2 points; American Smelting 5% points lower at 30%; General Motors off almost 4 points at 24 %, and Chrysler about 4 points lower at just under 33. Volume exceeded 2.000,000 shares up to 2 p. m„ indicating the heaviest market since early in February. Money and Exchange INDIANAPOLIS BANK CLEARINGS —July 26-

Clearings S i'qto'nSA(\A Debits 4,952,090.00 FOREIGN EXCHANGE (By Abbott. Hoppin. & Cos.) —July 25 Close. Sterling. England ® s n-o! 4 Belgias. Belgium Mark. Germany 2-24 Guilder. Holland B'® 7 Peseta. Spain ’4’' Krone. Norway Krone. Denmark Treasury Statement <By United Press) WASHINGTON, July 26.—Government expenses and receipts of the current fiscal year to July 24. compared with the corresponding period of the previous fiscal This Year. Last Year. Expenses.. $ 409.692,752.54 $253,533.783 21 Receipts.. $ 182.720,184.96 $132.735.899.40 Deficit .. S 226.972,567.57 $120,731883.81 Cash Bal.. $2.494,999.007.42 New York Bank Stocks (Bv Abbott. Hoppin & Cos.) —July 25 Bid. Ask. Bankers 52% 82% Brooklyn Trust 9J - Central Hanover ,5, Chase National 27 a -0,4 Chemical 40,a 41 National City 2b 25 4 Corn Exchange 49 49 2 Continental 12 14/2 Emnire 18% First National 1.590 1,600 Guaranty 388 3 “" 3 , Irvine 16 1 * ib/8 Manhatten & Cos 28% 29 Manufactures 20 .iS’ 4, New York Trust 100 101 Investment Trust Shares (By Abbott, Hoppin & Cos.) —July 25 Bid. Ask. Am Bank Stocks Corp. 105 1.10 Am & Gen Sec A 4.00 5.00 Am & Inv Tr Sh 175 .... Basic Industry Shares 2.95 2.98 British Type Inv Tr 5h...... 35 .40 Collateral Trustee Shares A. 4.12 4.25 Corporate Trust Shares (old* 186 1.90 Corporate Trust Shares (new; 2.13 2.16 Cumulative Trust Shares .. 3.60 3.62 Diversified Trust Shares A.. 6.12 .••• Diversified Trust, Shares 8.. 6.87 7.12 Diversied Trust Shares C.. 278 282 Diversified Trust Shares D.. 420 4.30 First Insurance Stock Corp.. .75 1.00 First Common Stock Corp.. . .57 .61 Fixed Trust Oil Shares A ... 7.25 Fixed Trust Oil Shaies B .. 6.12 . .. Fundamental Investors Inc.. 1.75 1.85 Incorporators Investments ...16 12 16.3/ Land Bank Bond Shares 1.15 I+7 Low Priced Trust Shares 4.8d 500 Mass Inv Trust Shares 17.75 18 00 Nation Wide Securities ..., 304 3.15 North Am Trust Shares (53) 1.73 . • • N Am Trust Shares <55-56*. 2.10 217 North Am Trust Shares (58) 2.15 2.19 Selected American Shares .. 2.39 •••• Selected American Sh Inc... 1.12 1.21 Selected Cumulative Shares.. 645 . • Selected Income Shares 3 25 3.75 St(J Am Trust Shares A 2.68 2.72 Trust Shares of America ... 2 b 5 2.60 Trustee Sfd Oil A 5.00 5.10 Trustee Std Oil B ■ • 4.75 4.90 U S Elec Lt & Pwr A 11 87 12.12 Universal Trust Shares 2.72 2 82 Daily Price Index (By United Press) NEW YORK, July 25.—Dun & Bradstreet's dailv weighted price index of thirty basic commodities compiled for the United Prrss: ... , 9 Week Ago J} 4 89 Year Ago (July 26* 1 ?J-v2 1934 High (July 23) llb-17 1934 Low (Jan. 3t 101 05 Copyright, 1934, by Dun & Bradstreet, Inc.. Bright Spots (Bv Abbott. Hoppin A; CO.l Monsanto Chemical Company declares the regular quarterly dividend of 25 cents a share on the common stock, pavab.e Sept. 1. of record Aug. 15. Niagara Hudson Power Corporation and subsidiaries for the twelve months ended June .30. had a net income of $6,607,158 after taxes and all charges as compared with $5,817,260 for the previous twelve months. Ohio Edison Company for the twelve months ended June 30 reports a net income of $3,742,925, after all charges and taxes, against $5,583,749 for the preceding twelve months. Chicago Mall Order Company declaresa 25-cent dividend on the capita! stock payable Sept 1. of record Aug 10. Fisk Rubber Company earnings for the quarter ended June 30. totaled $252,480, after charges and federal taxes against $120,287 in the previous quarter. Standard Brands Company in the quarter ended June 30 earned 31 cents a share as compared with 27 cents a snare for the like quarter of 1933. CITY, WORLD FORD CAR SALES RISE SHARPLY Both Reports Show Best June Volume Since 1930. With world sales of Ford passenger cars in June reaching the greatest June volume since 1930, R. A. Hayes, manager of the Indianapolis branch of the Ford Motor Car Company. today reported that sales in the entire Indianapolis branch territory maintained a similar pace during the period. Sales in the entire Indianapolis branch territory for the first six months of the current year totaled 6.438 units. Sales of passenger cars in the city itself during the first five months of thf year amounted to 1.623 units. World sales of the Ford company during June totaled 101.661 units, against 58.543 m the similar 1933 month. Bank Holdup Nets 54,000 By United Prem ALLENTOWN. Wis., July 25. Two men held up Joseph P. Weninger, cashier, as he opened the State bank of Allentown today, and escaped with cash and securities estimated at $4,000.

JULY 26, 1934

Wall Street

Security Purchases Drop; Investment Funds Accumulate. BY RALPH HEADERSHOI Timc Special Financial Writer INVESTORS in the United States supplied business in this coun,try With $4,958,137,985 for expansion and other capital usages in the first six months of 1929. according to Dow, Jones & Cos. That was the highest total on record. In the first six months of this year they kicked in with $171,559,010 for such pur-

poses. But even that low’ figure w a s nearly SIOO,000.000 more than in the corresponding period of last year. While it is true that the goverrun e n t has secured a large amount of new funds from investo r s during the last six months and that govern-

llendershot

mental subdivisions also have drawn, either directly or indirectly, on the savings of the public to an important degree, yet it must be that the surplus of accumulated income in excess of expenditures has reached an imposing total over the last few years. Assuming such to be the case, it would seem reasonable to suppose that business will have no difficulty in securing all the money it need. s ! as soon as confidence in the future has been restored. It would seem

also that the existence of these funds, which must reach an imposing total, will sooner or later find reflection in the price of securities which already are outstanding, even though the recent performance of the stock market has been decidedly discouraging. it a a PUBLIC utility men in New York City were very much heartened by the decision of the Fifty-third district court in Texas holding an order of the Texas railroad commission cutting rates for natural gas to 32 cents a thousand feet from 40 cents to be confiscatory. The upholding of the company’s valuation of $70,000,000 for its properties, as against $40,000,000 by the commission, also was regarded as being decidedly encouraging. The utility companies have felt for some time that they did not have a friend in the world. Charges have been made that they even have been unable, in some cases, to get convictions against people who

get convictions against pvuyic uu have stolen electricity when they have produced airtight evidence. The attitude of the juries, according to their version, has been that, the utility concerns were wrong, irrespective of the circumstances —that they have forfeited all rights to justice by thpir past acts, actual or supposed. a an THE Carrier-Brunswick International, Inc., a division of the Carrier Corporation, announced that it has just been awarded a contract for installing air-conditioning equipment in the Robinson Deep MU;e in South Africa, one of the deepst gold mines in the world, being about 8,000 feet below the earth’s surface. One marvels, of course, at the advancement in science and in business which would make such an undertaking possible and also over the fact that it is to take place in Africa. The increase in the price of gold probably has made the venture possible from a financial standpoint. In the Cotton Markets —July 25—• CHICAGO High. Low. Close. January 13.11 12 96 13 01 March 13 15 12 96 13.15 October 12.99 12.81 12 84 December 13 10 12.93 12 95 NEW YORK January 13 07 12 88 12 91 March 13 20 13 01 13 05 Mav 13 22 13 08 13.09 July 12 65 12 58 12 58 October 12 93 12 75 12 76 December 13.05 12.86 12.88 NEW ORLEANS January 13 03 12.89 12.89 March 13.16 13 03 13 03 Mav 13 12 13 07 13 09 July 12 79 12 53 12 54 October 12.88 12 74 12 75 December 13.02 12.86 12.87 N. Y. Coffee, Sugar Futures —July 25COFFEE —Santos— High. Low. Close, March 10.47 10.42 10 41 May 10 51 10 45 10 47 July . 9 74 September 10 22 10 16 10 18 December 10.40 10.32 10.32 —Rio— March 7 80 Mav 7.91 July 7.57 7 52 7.52 September 7 68 December 7.85 7.77 7.77 SUGAR High. Low Close. January 1 76 1.75 1.75 March 1 82 1.79 1 79 May 1 86 1.83 1 83 July . -. . 187 September 1.72 1 69 1 70 December 1.17 1.74 1.78 Retail Coal Prices The following orces represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton ' allowed Domestic Retail Price* Antnraclte ....SUM) Brazil lump 600 Brazil egg . 5.50 Brazil mine run 5.25 Coke, nut size 835 Coke egg size 825 Indiana forked lump 6 00 Indiana egg 875 Kentucky lump 7.00 Pocahontas lump 8.00 Pocahontas egg B*o Pocahontas forked lump 900 Pocahontas mine run 725 New River smokeless 8 00 West Virginia lump 675 West Virginia egg §SO Island Creek •••••■• 700 Extra charge of 50c a ton for wheeling •cal and $1 a ton for coal carried to bln AMERICAN MONEY GAINS > Dollar Value Advances to Ss.o'J* at London Market. Bp United Brest LONDON, July 26—Gold bars were firmer today at 1.33 shillings 1 an ounce, up % penny from yesterday. The dollar opened at $5.03%, agains yesterday’s close. $5.04 1-16. Bij United Brent PARIS, July 26.—The dollar opened at 15.164 francs. Kroger Sales Drop By Timer Special CHICAGO. July 26.—Sales of the Kroger Grocery and Baking Company for the four-week period ended July 14, totaled $16,763,031, a decrease of 1.3 per cent from a year ago. Total sales for twenty-eight weeks ended J’dy 15. were $118,202,749, an increase of 8.4 per cent over the corresponding period of 1933.