Indianapolis Times, Volume 46, Number 66, Indianapolis, Marion County, 27 July 1934 — Page 20

PAGE 20

Wall Street Many Reasons Given for HOLC Bond Rate Cut by Government. BY RALPH HL.NDLKSHOI

Tim FlnaciiJ Writer IT is not difficult to understand why the government has decided Aug. 1 to reduce the interest rate on its new Home Owners' Loan Corporation bonds to 2'* p*r cent from 3 per cent. A desire to k*ep down the test of the government's debt undoubtedly is the first consideration. The excellence of the bond market

has made that possible. But uncoub t e and 1 y there IS another factor, viz., a desire to keep the demands for government credit! help within reasonable limits. The holders of mortgages who have been able to exchange them for HOLC certificates have been very for-

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Hendershot

tunate. In the majority of cases the? have been able to turn frozen paper into cash at or above its face value They have been able to secure tax-exempt income from a government security, whereas before they stood the chance of receiving no income at all. Obviously the mortgage holders have received much more help than have the property owners. Realizing the advantages of the exchange, many property owners and mortgage holders in .all probability have sought to create a situation which might be regarded as an emergency by the government in order to secure the bonds for the former and a better financed mort-l gage for the latter. The result, from ail accounts, has been to clog the emergency wheels of the government machine and to prevent assistance being rendered where it is really needed. a a a AIT ALL STREET is beginning to ’ ’ wonder what President Roosevelt will do, if anything, when he gets back to Washington after his vacation and finds that confidence in the future of business and m the New Deal has been destroyed in no small measure by the break .n the stock market. Will he call for a further downward revision in he gold value of the dollar, as he las been asked to do; will he step ip the purchase price of silver or vi 11 he find some new way to help tart the wheels of recovery moving ipward again? It is possible, of course, that Mr. Roosevelt will wait for a time to see f the usual seasonal improvement K-curs in the fall before taking any iction to spur trade artificially. The act that heavy government finaneng is planned for a few months lence may influence such inactivity. A desire to see what business can lo "on Its own" may also contribute o a decision of that character. a a a OUT, of course, elections are to be £* held this fall which are likely o have a direct bearing on the political situation in Washington, and .t would do no harm to have the general public feeling as good as possible when the votes are being -ast. While it is impossible to get i very good view’ of the public's attitude from the old subtreasury steps, it probablv can be assumed ’hat the recent performance of the stock market has dampened the ardor of a great many people for the New Deal.

In the Cotton Markets —July 26CHIC AGO High. Low Close Janus nr 13 63 12 87 12 90 March 13 17 13(H) 13 03 October 12 89 12 66 12 76 December 13 02 12 80 12 8< NEW YORK Jsnunry 12 98 12 73 12.85 March 1 13 13 12 86 2.98 Mar 13 05 July 13 14 October 12 87 12 66 12 72 Itecember U9B 12.70 12.83 NEW ORLEANS January 12 79 12.75 12 79 March 13 05 12 91 12 94 M r 13 00 12.95 13 00 j Uy 13 04 October 12 83 12 58 12 • December 12 94 12 69 12.78 N. Y. Coffee. Sugar Futures —Julv 26 COFEEE —Santos— H:*h. Low Close March lb 48 10 24 10.24 Mav IP 50 10 31 10 31 tulv 9.80 V-ptember m2l 105 10 06 December IP .25 10 19 in 19 —Rio— March 7 90 7 75 7 75 September 764 752 753 December 9 *63 ...5 SUGAR H:eh. Low Close January !•*" 17* 17* March M*r 1 ** 1 *3 I.M July 1?8 I*7 18September ........... 1.l rv-eember 1-77 1.75 1.76 Retail Coal Prices The raliowTr* orices represent quotations from leadine Indianapolis co*i desler. A cash discount of 35 certs oer tor 1* alloyed Oamre>'la Retail Price* Antrrartte sl3 X Rra;:l lump <OO Brar.i ece * 50 Bran) tr’.ne run 5 25 Coke nut a;re B>s Coke ttt site 825 Indiana forked lump C 00 Indiana e 6 75 Kec’uckv lump <OO Pocahontas lump 8 <)v p.->cahorta eee 8 V Pocahor’as forked iumo B£v Poeahontaa mine run 7.25 New River smokeless 8 00 We Virginia lump 6<5 West Virginia ec* JC Island Creek l v ’ O6 Extra or.arc* of 50c a ton for wheelma S( iaX. and 81 a ton for coal carried to bin

Births Girts EJerr and Edvthe Carden. 322 Villa Pe’er and Eugenia Bakas St. Ttncetffs hospital. Joseph ard Msrr Ooetee. St Vincent's *' C Jerrv* and Antoinette Benedict. Si. Vincent s hospital. Robert and Ida EtefceL St. Vincent’s hospital Bernard ar.d K:rabeth LoefTler. St. V.r,cent’s hospital Herschef and Edvthe Walker. St. Vincent s hospital. Walter and Pauline Cabe. St Vincent.* hoipitaL William and Mary Drurv. St. Vincent s hospital. Wil.iam ar.d Josephine Lichtenberf. St Vincent s hospital. Car. and Rale E rhards. S- \ mcer.t s **Patr*c* and Martuerite Walsh. St. V.r.rec’ s hospital Ceorfe r?d Geneva MUdner. 1136 South Kev store. Revs Tine and W.jna Mitchell 1055 Reach* Charles ar.d E'.ear.or LampeL St. Vincent hospital. . _ _ .. Boned-’to ard Mary PPr.genelll. St lacent s hospital. ~ „ Franc:* and Mary Ducan. 15 South and Virginia Baser. Methodist I—pnaii

STOCKS STRONG. RISE FRACTIONS TO FOUR POINTS Austrian Situation Believed Overemphasized: Trade Remains Active. BY MAX BUCKINGHAM United Pre* Staff Corrnpondtnt NEW YORK, July 27 —The stock market was strong today—gains ranging to 4 points—with blocks of 1.000 or more shares marking initial transactions. Trading quieted slightduring midsession but prices held their early gains. A better feeling over the Austrian situation, some favorable business news and an end to the flood of rumors which depressed Wall Street yesterday resulted in fairly heavy buying demand. Prominent brokers and traders had said overnight that the Austrian situation probably had been overemphasized. In addition they claimed European buying was improved and that “smart buying" was in the market. Eethlehem Steels declaration of a $175 dividend on the preferred stock after close of the market yesterday—the first such declaration Mncp July 1932—a150 added a favorable tone to dealings. The Dun & Bradstreet, Inc., weekly business review had pointed to business holding well, despite all the difficulties, including strikes and the midwestern drought. Big opening blocks today included: National Distillers, 2,000 shares, 17?$, up I>s: U. S. Steel, 2.500 shares, 354, up 2; Pathe, 3.600 shares, 14, off 4; General Electric, 2.500 shares, 184, up 14; New York Central, 4,000 shares. 204, up 2; American Smelting, 1,500 shares, 334, up 24; Kennecott Copper, 2.000 shares, 184, up 2; Columbia Gas, 2.500 shares, 84, up 14; General Motors, 3,000 shares. 264, up 14: International Harvester, 1,500 shares, 254, up 14. The strength was general, w’ith only here and there a cb'cline appearing. J. I. Case, which dropped more than 5 points yesterday, opened at 39, up -4. Union Pacific, another big lower in yesterday’s drastic market went up to 1044, up 4 but later dropped to 1034, the opening price. The rising prices accompanied steadiness in the bond market and a slightly stronger cotton market.

Money and Exchange INDIANAPOLIS BANK CLEARINGS —Julv 27 Clearmzs $1 717.000 00 Debits 4.779.000.00 Treasury Statement (Bv United Press) WASHINGTON July 27.—Government expenses and receipts of the current fiscal vear to Julv 25. compared with the corresponding period of the previous fiscal vear; This Year Last Year. Expenses .. $432 176.664 77 $237,616.419 33 Rcr:p's ... 187 882 666 53 136.256.184 67 Deficit 241 293 998 24 101.360.234.66 Cash bal .. 2.477.262.857 28 Daily Price Index /Bv United Presst NEW YORK. July 26.—Dun k Brads*reefS daily vmpnted price index of thir’v basic commodities compiled lor the United Press; (1930-1932 average. 1001 Today 114 03 Yesterday 114 42 Week ago 115.15 Month ago •• 112.61 Year ago (July 27) 107.98 1934 high (July 23) 115.17 1934 low (Jan. 3) 101.05 ■Copyright. 1934. Dun k Bradstreet. Inc.)

Bright Spots .

<Bv Abbott. Hoopin k Cos i New York Cen’ral Railroad Company net income for June amounted to $3,129,717 af;er charges, as compared with $4,436.056 for the corresponding month last vear Earnings for the six months ended June 30 • -aled sl7 167.684 against $12,787.422 in the first half of 1933 American Tobacco Company declared the regular nuarterlr dividend of $1.25 a share on the common stork. Sherm .n Williams Company announce a ouarterlv dividend ol 75 cents a share on ’he common stock previously paving 50 cents Quarterly. Electric output of the United Gas Improvements totaled 66.903.538 kilwatt hours for the week ended Julv 51, as compared with 67.158.571 for the like week in 19SS. Simmons Companv for the first six months of the vear report a net loss of $697 281 after charges, against $310,917 for he first half of last vear. On Commission Row —July 27 — Quotations below are average retail prices being offered to buyers by local commission house dealers. Apples—Fanes- Delicious. $2.50: Transparents. $1.50® 2. Peaches, Georgia. E'.bertas. bushel. $1 35 g: so. Orar.ces—California Sur.klst. SS®S.SO; Valencies. $4.25®4.75 Lemons—Sunklst. $6.50. Grapefruit—Florida seedless. $4 50. Car'aloupes—lndiana (umbos, fiats. 75c; standards flats. $3 50 Hor.evdews. $3 50. Tears—Cal av os $2 50 a box. Watermelons—2s® 75c. Bananas —A pound sc. —Vegetable*—Sweet Corn—Home grown, doz. 10®12c. Cabbage—Home grown, bushel. 403 50c. Ceierv—Michigan, at boxes. $1.25; medium. do*. 45e. Onions—Cal.forr.ta yellow. 50-lb. bag, $1 65. F'’atoes—Rural New York. 100-lb bag. $1 65: Idaho Russets. 100-lb. bag. $2: new. barrel. $1.25g 1.40. Sweet ootatoes—New Alabama, bushel. $2 Beans—Rourd stringless, bushel. $1.50® 1.75. Beets—New. 25c a dozen. Carrots—Home grown, bushel. $2; do*.. Ssc. Cauliflower— 10s-lls. cra’e. $2 50. Lettuce—Outdoor. 15-lb. basket. 85c: teeberg best. $3 a crate. Peas—Cahfornia, hamper. $3. Radishes—Oh‘o. 50 do*, bunches. 50e. Rhubarb—H -e-erowr.. dozen. 25® 30c. Bp.r.ach—Home grown, bushel. 65c. Tcm*tcs—Hothouse. 10-lb. basket. 40® 50c; onriral Tenn.. 30-ib. lub. $2. CHICAGO FRUIT MARKET •Bv United Presai CHICAGO. Julv 26 Fruits and veg-e’a-es Apples— Michigan transparent, t ;shl 50c® $1.25. Cucumbers—lllinois, b she.s. 75c -$175 Carrots—California, cr.ves 175 16 d,— bunches): Ilff-r-se bunch. 2 :3*r Tomatoes —Ter.nes<ee hie boxes sl*lso’ Ilhnois. lugs. Sstf 7* Sweet potatoes—Tennessee, bushel. $1.52 u. 1.65; Aiaban-a. SI 25 Mushrooms— Illinois, lb. cartons 25 '■ 40c. Peaches— Ge,-rg;a. b sheL sllO 7 115. Lettuce—Cali-fp-rfa er.ves. S3 50® S 75; Illinois leaf b \ 10 25c Bear* rdinois. bushCl .green 75.-%sl 2f Wax. 75c5’51.25, Cabbage— Il'.incis. crate* $1 50® 1.75. Celery— Michigan crates. 40®50c: flat box. 305$ 60c cherries— Michigan, 16 at.* . red. sour *s-:$;. C&nteloup—lndiana, crates. $1 ? 135 Cauliflower—Wisconsin, bushel. 90c® .: 75 Corn—lllinois. 5 107 . vellow. 20® 50c Peppers—ELnois bushel. *’.5052 73. Onion market; 50 b. sacks). California— Yellowy. *1 10*51 29 California whites 81 65 1 TSi Washington Valencias. $1.05& 1.15: Ia. vellows. 70®80c

Year's F.aminss Inrrease B y Trmrs Sperinl NEW YORK. July 27 —American Water Works and Electric Company for the year ended June 30 reports net earnings equivalent, after payment of preferred dividends, to $1.38 a share on its common stock, comparing with $lO4 a share as adjusted for the year ended June 30, 1933-

New York Stocks ■B Abbott. HODPUJ k CO J "

AVERAGE STOCK PRICES FOR THURSDAY Net High. Low. Close, change. Thirty industrials 91.32 84.58 85.51 —6.06 Twenty rails 37.05 33.91 34.29 -3.39 Twentv utilities • 20.85 19.39 19.60 —1.39 Forty bond, 93.25 -1.26 Ten first rail, •••• *22'?? Ten second rails •••• * ,<55 1.91 Ten utilities •••• 98.10 —.59 Ten industrials .... 96.55 —l.lO -Off

—Ju lv27— Prev. Oils— High. Lew. 10:00. close. Amerada JJ4 At! 21 a Barnsaall • $‘ 2 Ccr.sol Oil 7% <*■• (H Cent of Del ... 16* 16* 1N 16% Houston <new) 2-a J 4 Houston <oldi .. . . 13 12% Mid Cont Pet .. 10 9% 9% 9'a Ohio OH 9 *4 9 84 Pet Corp 84 84 8H 94 Phillips Pet 16, 144 Plymouth Oil ... 8 !/ a 8V B‘a 8% Pure Oil BV* 7* Rova! Dutch ... • 32* Sbd Oil 25* 25 Shell Un 84 64 Skelley OH • ■ • • 64 Soc Vac 134 134 134 13 S O of Ca 1.... . 31* 31* SOOf N J 41 404 41 414 Sun Oil • • 59 61 Texas Carp .... 214 214 214 2* Tidewater Assn 94 84 Un Oil Os Cal. 144 14* Steels— Am Roll Mills.. 14* 144 144 134 Beth Steel 274 274 27% 26 Bvers A M 144 134 Col Fuel k Iron 4 Cruc Steel 174 174 Oulf Sts Steel 15* Inland Steel 36 Ludlum Steel 84 9 McKeesport Tin 79 Mid Steel 74 7H 74 84 Natl Steel 374 Otis Steel 34 4* Rp Iron k Stl 11% 104 114 10* Rep Iron & S p 38* U S Pipe <fc Fdy ... 164 16 U S Steel ... 354 35 35 314 U S Steel pfd 81* Warren Bros 54 54 Youngs Sk T 134 134 Motors— Auburn .•■ 174 174 Chrysler 33 4 33 4 33 4 324 Gen Motors . 26 4 25 4 25 4 244 Gn Motors pfd 994 Graham Mot 14 Hudson 64 64 Hupp 24 24 Mack Truck 234 224 Nash •• ... 13 124 Packard 24 24 Reo 24 24 Studebaker 3 24 Yellow Truck 24 24 Motor Access— Bendix 11 104 11 94 Bohn Alum 50 484 Borg Warner 16* Briggs 134 134 Budd Wheel 2 2 Eaton Mfg . 134 124 Elec Auto Lite.. 164 154 164 16% Houdaille "A"... 3 24 3 24 Mullins Mfg 64 6 Mullins Mfg pfd 22 Murray Body .. 4 34 4 4 Stew Warner 5 44 Timken Roll 254 244 Timken Det Axel 44 44 Mining— Alaska Jun 174 174 Am Smelt 334 334 334 314 Anaconda 104 104 Cal k Hecla 24 Cerro De Pasco.. 35 344 35 34 Dome Mines 384 38 384 374 Granby 6 54 6 54 Gt Nor Ore 94 Homestake Min 400 Howe Sound 46 44* Ins Copper 34 3 4 Int Nickel .... 23* 234 23* 214 Int Silver #4 Ist Creek Coal 28 28% Kennecott Cop.. 184 174 174 16* Mclntyre Mine.. . 434 42* Noranda Cop ... 384 38 38 374 Park Utah 24 24 24 24 Phelps Dodge... 144 144 144 14* St Joe Lead ... 167a 15* U S Smelters ...121 1204 121 1194 Vanadium 15 144 15 144 Amusements— Crosley Radio 114 Fox Thea 8* Loews Inc ... ... 204 Radio Corp 44 44 44 44 RKO 14 14 14 14 Warner Bros ... 34 34 34 3 Tobaccos— Am Snuff ... ... 594 Am Sum Tob. . 17 164 17 164 Am Tob (Ai 71 70 Am Tob (B) 73* 724 Gen Cigars 38 38 Lig & Myers B 944 94 Lorillard 164 164 Reynolds Tbo B 43 4 42% 43 4 43* Rails— Atchison 54 52 Atl Coast Lines 25% B & O 15 144 15 13% Can Pac . 124 124 Ch & Ohio 424 42 4 42 * 42 Chi & Gt W 2 Chi & Gt W pfd 4* 4 C M & St P 24 2*a C M k St P pfd 374 34 34 34 Chi N W 5 4% 5 44 Chi N W pfd 8* Dela & Hud ... . . . 38 4 3f* Del Lac & W 154 14% 15 14 Erie 11* 104 Erie pfd 16* 17 Grt Northern pfd 134 134 13* 124 111 Central 154 14 K C Sou . 64 Lehigh Valiev .. 104 104 104 94 Lou & Nash .. 47* M K & T 44 4% 44 5 M K k T pfd 14 Mo Pac 24 2 Mo Pac pfd 34 34 N Y Cent 204 184 N Y Chi k St L 94 N Y Chi&StL pfd 21% N Y New Haxen 10 94 94 94 N Y Ont k West 4% Norfolk k Wes 1794 Nor Pac 17 164 17 157s Penn R R 244 24% 244 23* Reading . . • 40 Sou Pac 174 17* 17* 164 Sou R R 134 13Vs 134 124 Sou R R pfd ... 164 144 Union Pac ... 1044 100% Wabash .. . • 2 West Maryland . 77s 7% 7* 7Vs Equipments— Allis Chalmers 104 Am Brake Shoe 20 21 Am Car k Fdv 134 12% ArnCar A: Fdvpfd 354 Am Loco 164 154 Am Loco pfd 474 Am Mach k Fdv 12% 13 Am Steel Fdv 10% 11 Bald Loco 7 6% 7 64 Burroughs 10* 104 Case J I 39 35* Cater Tract 24% 24 Deere k Cos ... 134 124 134 12 Elec Stor Bat .. 38 37 37 .. Foster Wheeler 94 Gen Am Tank O 31 Gen Elec 167s Gen R R Sig 25 25 Ingsol Rand 53 o3 Int Bus Mach • - 131* Int Harvester 25* 244 Natl Cash Reg 134 124 Pullman Inc 424 Rem Rand 7 4 67b Und Elliot 41 West Air B 16% 16 Westingh Elec . 29 28% 2? 28 Worthing'n Pmp 14 13 4 Utilities— Am k For Pwr 4* 44 Am Pow As Lit 4 44 AT&T 1104 1104 Am Wat Wks 154 144 Brook Un Gas .. ••• 60 60 Col Gas k Elec 8% 8* 8* 74 Col G k E pfd 65* Com & Sou 1% 14 Consol Gas 39 29-s Elec Pwr Ar Lit 34 34 E P & L pfd 74 Int Hvdro Elec. . ■ . 34 34 Int T k T ■.. 8% 8% 87s 8 Lou G As E A ... 13 NortlfYmer L’L 13% 134 134 12% Peoples Gas " • • 23 4 24 4 Postal Tel pfd .. 11 104 .11 114 Pub Serv N J 32 31 So Cal Edison 14* 13-r Std Gas 6Va 64 Sfd Gas pfd ?,• Stone & Webster .. ... 5 4s United Corp ... 4 34 3 * 3 j Un Gas Imp 14% 144 14 s 14 Ut Pwr & L iA) • 24 24 Western Union.. 32 4 32 4 3* 2 32 Rubbers— Firestone • ■■ Goodrich 94 9 § ® Goodyear 20 19% 19 lB * Kelly Spring .% U S Rubber 12% Ji% U S Rubber pfd z, % Miscellaneous— Am Bank Note.. •• • • 12% Amer Can 93% 93 4 93 4 92 4 Anchor Can ... • 13*2 13S Brklvn Man Tr . 36* 364 36* 35% Crown Cork J®* I|% Curtis Pub 164 16 Curtis Pub pfd •; Eastman Kodak ?4 93 Gillette 11% 10% Glidden 204 204 204 204 inter Rapid Tr 7 * Owens Bottle 61 2 Ravbsstos -Mfg. 15 14 s Foods— Am Sugar'.*. 604 59 Armour tAI 4 3% 3 s 34 Btrice -Cream'v ■ •• 114 12 Borden Prod ... 24* 24% 24% 23_s Cal Packing 34% 33;s Can Drv G A> .124 Coca Cola 12. Cont Bsk iA) 5% Corn Prod 61 604 Crm of Wheat 314 Cuban Am Sug 54 54 Gen Foods 284 Gold Dust 174 17* G W Sugar 29% 294 Hershev 62 63 Int Salt 264 LooVe Wiles .... . 39 Natl Biscuit 324 324 324 31 Natl D Prod ... 154 15% 154 15 Purity Bak ®% S Porto Rco S 32% Spencer Keliog . • 16% Std Brands .... 18 I<% 18 I<% Un Biscuit 24 United Fruit 67 M Ward Bak iA). 54 Retail Store*— Asso Drv Ooods 84 7* Best kCo 26 * 26 First Natl Stores 624 Gimbe! Bros 34 Glmbel pfd 174 Or Un Te* ... 44 4* Hahn Dept Sts.. 34 34 34 34

THE INDIANAPOLIS TIMES

Jewel Tea 44 Kresge S S 164 164 16% 16% Kroger Groc 26* 26 Macy R H 36* Marshall Fields 9% May Dept St 34 34 oMnt Ward 217', Natl Tea % Pennev J C • >l% Safeway St . 48 Sears-Roebuck 314 Wooiworth •• 414 Aviation— Aviation Corp .... 4 3% 3* 3% Curtiss Wrignt.. .. ... 2% 24 Curtiss Wr <A) 74 Douglas Air 16% 15% Nor Amer Av 32% Speerv Corp . 64 6% 64 64 United Aircraft. 144 14* 14% 144 Wright Aero 344 Chemicals— Air Reduction 944 94 Allied Chem 121 Am Com Alcohol 234'21% Col Carbon 624 Com Solvents.... 17* 16% 17* 16% Dupont 84% Freeport Tex 27* 27 Liquid Carb 164 Math Alkali 254 244 Montosonta Ch 474 Natl Dis (new*.. 17% 17% 17% 16% Scheneley Dist 19 18% Tex Gulf Sulph 304 30 Union Carbide 38% 38% U S Indus Alco 34% Virg Ch 6% pfd 104 Drugs— Coty Inc 44 Lambert 22% 23 Lehn & Fink .... ... .■ 19 Un Drug 104 104 Zonite Prod 34 34 Financial— Adams Exp 6% 6% Allegheny Corp 14 1% Am Int Corp 54 Chesa Qprp 37% 384 Lehman Corp 644 Transamerica -. 5% 5% 5% 5% Tr Conti Corp 3% 3* Building— Am Radiator ... 11 104 . 11 10% Gen Asphalt 13 12Vs Int Cement 194 19% 194 19 Johns Manville 42 4 404 Libby Owens Gls .•• 26% 26 Otis Elev 13% 134 13% 13% Ulen Const 114 Household— Col Pal Peet 12% 114 Congoleum 22 Kelvinator 12 11% 12 12 Mohawk Carpet. .. ... . ■ 13 Proc & Gamble 35 34 Simmons Bed 84 84 Textiles— Amer Woolen 7%) 84 Belding Hem ... 10 94 10 9% Celanes Corp 184 Collins Aikman 10% 10 Gotham Hose... 44 4% 47b 4% Indus Rayon .. 21% 20% 21% 20% Kayser Julius ... 14% 14% Real Silk 5% New York Curb (By Abbott. Hoo6ln & Cos.) —July 26 Close l . Close Allied Mills ... 54;Gen Aviation.. 341 Alum Cos of Am 5C Glen Alden Coal 18% Am & For P W 3 |Gulf Oil of Pa.. 51 A Cyanide (B) 15’ilHiram Walker.. 224 Am Gas k El. 2%'Humble Oil 38% Am Superpower 1% Imperial Oil Ltd 13 Asso Gas & E 2% Hud Bay Min.. 12% Am Superpower 1% Int Petrol 24% Asso Gas & El % Lake Shore Min 50 Atlas Corp ... 8 ILibbv McN Libbv 4% Brazil Tr k L 8 Lone Star Gas . 4% Buckeye P Line 26 INatl Bellas Hess 2* Can Indu Ale A s*'Newmont Min.. 43% Can Marc l%:Nia Hud Pwr... 5 Carrier Corp .. 7% Novadel Agene.. 17 Cities Serv 1% Pan-Am Airways 32 Consol G of Bal 594 Park Davis .... 23 Cord Corp .... 3 IPenn Road .... 2 Creole Petrol.. 12 Ist Regis Paper 2% Crown C'k Inti 57a Sal Crk Proa .. 5% Deere k Cos ... 12 iSherwin Wms.. 67% Distillers Lim.. 21% Std of Ind 25 Distillers Corp 9 !Std of Ky 15* Dow Chem . 73 iTechnicolor Ind 12% El Bond k Sh. 9% ! Tech Hughes G 6* Fisk Rubber. . 74!Un Gas 2 Ford of Can fAI 17 iUn Pwr & L (A) 2 Ford of Europe 7%!Wr Hargraves M 84

Chicago Stocks (By Abbott. Hoppin & Co.I

—July 27High. Low. 11:00. Bastian-Blessing 4 Bendix Aviation 11 10 11 Berghoff Brew. Cos .... 4% 4% 4* Borg-Warner 17% 17% 17% Butler Bros 7* 6% 7* Chicago Corp com 2 Chicago Corp pfd 25% Chicago Maii Order 10% Chicago Rivet k Mach 7% Cities Service 1% Commonwealth Edison 48 Cord Corp 3 Crane Cos 6% Electric Household ... 13% Marshall Field k C 0... 10% % 10 General House Util 7* 7% 7% Great Lakes Dredge 14% Kingsbury Brew Cos ... l’s Libby-McNeil 4% 4 4% Lynch Corp 27% 26% 27 Noblitt-Sparks Ind Inc.. 10% 10* 10% Ontario Mfg 12% Perfect Circle .. ... 27% Prima Cos • • • 2% Swift k Cos 15% 15* 15% Swift International.... 30% 29% 30* Vortex Cup Cos 12% Walgreen Cos. com 24

Bond Prices

By Fenner k Beane —July 27 Alleg Corp 5s ’SO .. 28 27% 28 Am&For Pwr 5s 2030.. 50 48% 50 AT&T db 5s ’65 109% 109% 92 Atchison gen 4s ’95 103 *102% 103 B&O cv 4%s ’6O ..,..55 54% 55 Beth Steel 5s A '36 102% Can Pac 4s ’57 80 ChMStP&P adj 5s A2OOO 8% 8% . 8% ChMStP&P rs 5s A ’75 31% 30% 31% Cons Gas NY 4%s ’sl tf4% 104’% 104% Denmark 5%s ’55 89% 89 89% Erie RR rs 5s ’67 65% 65 65% French 7s '49 ~ ■ 183% Goodyear 5s ’57 ....101% 101* 101* Gt Nor 7s A ’36 91 90% 91 Interboro RT 5s '66 ... 72 71% 72 Int T&T db 5s ’55 58 57% 58 Lorillard 7s ’44 ...... 125 McKess&Robb 5%s 50 78 i7% 78 Nat Dairy db 5%s ’4B 98% 98 98 NY Cent 4%s O 2013 67% Nor Am 5s ’6l . . ... .88% Pac Gas&El 5s A ’42 •• ... 106% Para Pub 5%s 'SO .. 39% 38% 38* Penn R R 4*s D ’Bl-. 97 Poland 7s 47 112% 112 112 Shell Un Oil 5s ’47 .. ■ • 93% Texas Corp 5s ’44 1 2? 2 US Rubber 5s A '47 ... 81% 81 81% Western Un 5s ’sl 82 Ygstwn S&T 5s B ’7O. 84% U. S. GOVERNMENT BONDS (By United Press) NEW YORK. July 26 —Closing Liberties: (Decimals represent thirtyseconds) —Liberty—--3%s (37-47) 104. First 4%s (32-47) 102 24 Fourth 4Vis (33-38) 103.15 —Treasury—--4%5. 3%s (45) 103 5 4%s (47-52) 112.20 3%s (41-43) March 105.8 3%s (43) 104.16 3%s (46-49) 102.8 3s (51-55) 101. FEDERAL FARM LOAN BONDS (By Blvth & Cos.. Inc.) —Julv 26Bid. Ask. ft. Julv 1. 1946-44 100 100% 4s. Nov. 1. 1957-37 99% 100% 4s. May 1. 1958-38 99% 100% 4*s Julv 1. 1956-36 100 100% 4*s. Jan. 1. 1957-37 100* 101 4*s. Mav 1. 1957-37 100* 101 4*S. Nov. 1. 1958-38 101 102 4%5. Mav 1 1942-32 100 100* 4%s Jan. 1. 1943-33 100 100% 4%5. Jan. 1. 1953-33 100 100% 4%5. July 1. 1953-33 100 100% 4%5. J*n. 1. 1955-35 100 1003 4 4%5. Jan 1. 1956-36 101 102 ss. Mav 1. 1941-31 100% 101 ss. Nov. 1. 1941-31 100% 101 —Home Loan—3s. Mav 1 .1952-44 :.... 99 1.3 100 00 4s. July I. 1951 99.24 100.04 —Federal Farm Mortgage Corporation—--3%5. March 15. 1964-44 101.10 101.20 The-latter three quotations are In thir* tv-seconds. FIRM'S EARNINGS DROP Freeport Texas Nets 5864.568 for First Six Months of Year. Bn Times Special NEW YORK. July 27.—Freeport Texas Company and wholly owned subsidiaries report net income of $864,568 for the six months ended 1 June 30, after all charges including depreciation and federal and other taxes. This, after preferred dividends of $40,245 applicable for the period, was equal to $1.04 per share earned on the 792.944 average number of shares outstanding for the period. Net income for the corresponding period last year was $1,019,091.

PORKERS CLIMB 10 TO 15 CENTS AT STOCKYARDS Cattle, Sheep and Vealers Continue to Display Even Trend. The hog market at the Indianapol 3 Union Stockyards this morning continued its advance ol yesterday, prices ranging mostly 10 to 15 cents higher on ah classes, with exception of underweights, which held steady. Receipts of tne market totalec 4,500 and holdovers 527. Bulk heavier weights ranging between 200 and 300 pounds climbed back to the $5 market, snowing a price range of from $4.95 to $5. Medium weights were quoted at from 54.65 to $4.85, light weights at from $3.40 to $4 and the underweights of from 100 to 130 pounds at $2.50 to $3. Packing sows were quoted at prices ranging between $3.50 and $4.25. Cattle receipts totaled 500 and the market was mostly steady in cleanup trade. No large lots of the various kinds of steers and heifers were on hand. The veal market also continued to hold steady, ranging from $5 downward. Receipts totaled 500. Good ewe and wether lambs held on an even basis with the previous session at prices ranging between $6.25 and $6.50, with a few odd lots ranging up to $6.75. Bucks sold at $1 less. Throwouts brought prices of from $4 to $5.25. Receipts in the sheep market totaled 600. The livestock market at Chicago continued to stay at a standstill, no stock have been sold within the last forty-eight hours, due to the -'- he of handlers. July Bulk. Top. Receipts. 21. $4.80(3 4.90 $4.95 2,000 23. 4.75® 4.81) 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 27. 4.9a® 5.00 5.U0 4,500 Market, Higher (130-160) Good and choice $ 3.75® 4.00 —Light Weights—-(l6o-180) Good and choice 4.65® 4.75 (180-200) Good and choice 4.80® 4.85 —Medium Weights—-(2oo-220) Good and choice.... 4.90® 4.95 1220-250) Good and choice 4.95® 5.00 —Heavy Weights—-(2so-290) Good and choice.... 4.90® 4.95 (290-350) Good and choice.... 4.80® 4.90 —Packing Sows—(2so down) Good 3.90@ 4.25 (250 lbs.) Good 3.75® 4.10 (All weights) Medium 3.50® 3.90 —Slaughter Pigs—-(loo-130) Good and choice.... 2.50® 3.00 CATTLE Receipts, 51)0; Market, Steady Good and choice $ 6.50® 8.75 Common and medium 3.00® 6.50 U, 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 —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, 500; Market, Steady Good and choice $ 4.50® 5.00 Medium 3.00® 4.50 Cull and common 2.00® 3.00 —Calves— Good and choice 4.50® 5.50 Common and medium 2.50® 4.50 —Feeder and Stocker CattleGood and choice 4.00® 5.50 Common and medium 2.75® 4.00 1800-1.500) Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 600; Market, Steady Lambs, 90 ibs. down, good and choice $ 6.00® 6.50 (90-110 lbs.) Good and choice 5.75® 6.25 (90 lbs. down) Com. and med.. 4.00® 5.50 —Ewes— Good and choice 1.75® 2.50 Common and medium I.oo® 1.75 Other Livestock ißy United Press) FT. WAYNE. July 27.—Hogs 10c higher: 250-300 lbs.. $4.90; 200-250 lbs.. $4.75; 180200 lbs.. $4.65; 160-180 lbs.. $4.55; 300350 lbs., $4 60; 150-160 lbs.. $3.85: 140-150 lbs., $3.60; 130-140 lbs.. 53.25; 120-130 lbs., $2.75; 100-120 lbs $245; roughs. $350; stags. $175 Calves. $5; iambs. 6 LAFAYETTE. July 27—Hog market, steaav to 10c higher: 200-300 lbs, 4 80® 4.90; 180-200 lbs., $4.65®4.70; 160-180 lbs., $4,50®4.60; 140-160 lbs.. $3.50®3.75: 100140 lbs.. $2.35' 3.15: roughs. $4 down; top calves. S4 50; lambs. $6 down. (By Times Special) LOUISVILLE, July 27.—Cattle—Receipts, 100; market closing very dull at weeks decline; dressed trade oadly congested; common to medium grade steers and heifers quotable, $2.754i 4.25: with low qualified grassy cutter grade, $1.50®2.50; good dry teds eligible to $5.50 or better; bulk beef cows, $2,254/2.75; good to $3 or oetter; lowc utters and cutters, mostly Sl4/2; bulk sausage buls, 52.25® 2.75: stockers, dull, unchanged. Calves, 375; vealers, fully steady; bulk better grades. $44/4.50; medium and lower grades, $3.50 down. Hogs—Receipts. 300: market, 25c higher; 210-300 lbs., $5; 185-205 lbs., $4.80; 305 lbs., up. $4.30; 160-180 lbs., $4; 145-155 lbs., $3.65; 120-140 lbs., $2,25; sows, $2,75. Sheep—Receipts, 1,500; including 800 fresh stock ewes; lamb market steady; bulk better, trucked in ewes and wethers, $5.75®6: few choice to $6.25 or better; bucks out $1 discount and most light throwouts. $3.50: fat ewes. sl4/2; stock ewes, salable, mostlv $5.50®7.50 a head; choice young ewes eligible around $8,50.

Marriage Licenses Wiilard Browning, 30. of 1918 North Pennsylvania street, salesman, and Juanita Wallace, 25 of 1918 North Pennsylvania street, nurse. Milton Weaks. 22, of 684 Coffee street, grocery clerk, and Ruby Veatch. 20, of 1304 Blaine avenue, office worker. Martin De Boor. 20. of 1610 Lawton street, milkman, and Frances Scott, 17, of 234 Olive street, housekeeper. Harry Schmidt. 28, of 809 East St. Clair street, truck driver, and Helen Pearson, 19. Castleton. housekeeper. Chalmer Bratton, 23. Osklandon, receiving clerk, and Thelma Nieten, 21, of 24 Hendricks place, clerk. Leo Williatps, 22, of 507 North Alabama street, waiter, and Virginia Neighbors, 21, of 2022 North Pennsylvania street, saleslady. Richard Whipple, 25, of 1129 North Alabama street, clerk, and Eoline Dysart, 26, of 1129 North Alabama street, hosiery worker. Paul Voland. 21, Nashville, carpenter, and Alice Hov. 20, of 2805 East Michigan street, office eirl. Fioyd Howard. 45, of 220 North Illinois street, barber, and Orpha Bouwell, 32, of 220 North Illinois street, maid. Edward McConkey, 30, of 1136 West 1 Thirty-fifth street, cook, and Louise Wratten, 18, Broooklyn, houseworker. John Solliday, 64. of 235 East Vermont j street, grocer. and-Hallie Thompson, 62. of ; 1025 West Thirty-fourth street, housekeeper. Charles Borchers, 25. of 1325 Lawrence avenue, school teacher, and Wanda Thompson, 21. of 4103 West Washington street, housekeeper. Donald Osborn. 23, Culver, farmer, and Genevieve Sales, 23. of 1332 West Michigan street, nurse. Clifford Woodson, 27. of 125 Koehne street, laborer, and Vona Snyder. 18, of 116 North Traub avenue, housekeeper. Donald Anderson, 42. of 1987 Hillside avenue, mechanic, and Florence Scates, 41, of 1989 Hillside avenue, housekeeper. Carl Layne. 31. of 844 North Capitol avenue, grocer, and Mary Strause. 22. of 5216 West Fifteenth street, housekeeper. Royce Crenshaw. 20. of 2215 Dearborn street, porter, and Leona Rhodes, 19, of 2427 Parker avenue, housekeeper. William Gaynor. 30. of 1907 West Washington street, packing house worker, and Mary Roach. 23, of 32 South Belle Vieu Place, domestic. .. Christian Greenlee. 48. F*. Harrison, United States army rfficer and Helen Karhu. 44. Ft. Harrison, nurse. Orva Yater. 49. of 1064 West Thirtysecond s’reet. dentis - and Haze! Gardiner. 41. of 3131 North New Jersey street, dressmaker t Furniture Orders Decline Bu Time• Special CHICAGO, July 27—New furniture orders during the month of June fell 20 per cent below those of May and 47 per cent under the figures for the corresponding month of 1933. according to reports of Seidman <Se Seidman, accountants.

Drought Blight May Be Regarded as Blessing to Nation, Wallace Believes

Problems Too Knotty for Solution Expected to Be Unraveled. By United Prree WASHINGTON. July 26.—The blight of this year's drought some day may be regarded as a blessing, Henry A. Wallace, secretary of agriculture, believes. Currently, its effects are painful, but in the long run, Wallace intimated. it will be shown to have unraveled numerous problems too knotty for quick solution by human forces. The danger of burdensome surpluses of several principal crops is over. This is true of wheat, a carryover of 125,000.000 bushels being indicated for July 1, 1935; of corn and of livestock. AAA crop restriction activities notwithstanding, “if we hadn't had the drought, we and still be struggling with very large surpluses,” Wallace said. Suffering Alleviated Acute suffering has been alleviated and even prevented through the medium of the AAA, the secretary said, pointing out that much feed which will prove invaluable during the period of drought has been saved; 50,000,000 bushels of fram of 1933 and another 50,000.000 corn by the little pig slaughter proby the corn loan program. Supplies of pastures and hay have been increased, Wallace said, because farmers contracting with the AAA to reduce acreage of “basic” commodities have planted feeds instead. A reduction of 28 per cent in the number of hogs which will come on the market next winter has been achieved. The secretary called this a potential saving of 300,000,000 bushels of corn. Secretary Wallace is worried about the corn crop. It has reached the crucial otage of its growth and much of it has been killed by dry heat. The’* situation in the corn belt is “not generally alarming,” the secretary said, “but it is getting more serious daily.” Wallace displayed weather charts showing the following rainfall and temperature conditions thus far this month. Rainfall Temperature (Percent (Degrees State of Normal) Above Normal) Oklahoma 23 7 Texas 30 7 Kansas .32 11 Nebraska 23 9 Indiana 68 Ohio 55 Missouri lowa *24 7 South Dakota *Above normal. The AAA transferred thirty-eight counties in seven states from “sec-

BETHLEHEM STEEL DECLARES DIVIDEND Disbursement Will Be First Since July 1, 1932. Bv Unit/cd Press NEW YORK, July 27.—The Bethlehem Steel Corporation today declared a dividend of $1.75 on the preferred stock, the first payment since July 1, 1932. payable Oct. 1 to holders of record Sept. 7. The company reported net profit for the June quarter at $3,441,042 against a net loss of $902,044 in the preceding quarter ana a net loss of $3,314,846 in the June quarter of 1933. The value of orders on June 30 was $70,436,890 against $76,345,873 on Alarch 31 and $42,647,681 on June 30, 1933. Net profits for six months was $2,539,598 against a net loss of $9,082,297 in the first half of 1933. Present operations of the company, Eugene G. Grace, president, said, are around 25 per cent of capacity and indications are for a quiet third period with operations between 25 and 30 per cent of capacity.

Produce Markets Delivered in Indianapolis prices; Heavy hens. 10c Leghorn hens, 7c 1934 broilers, 2 lbs. and over, 15c. Leghorn broilers 1% to 2 lbs. and over 13c bareback broilers 11c; old roosters 4c: ducks and geese r 3c; young guineas, 20c; old guineas. 15c; No. 1 strictly fresh country run eggs, loss off lie. Each full case must weight 55 lbs. gross: a deduction of 10 cents # pound for each pound under 55 ibs. will be made. Butter—No. 1. 27 ft 28c: No. 4, 25®26c. Butterfat. 20c. Quoted by Wadley Company. (Bv United Press) CHICAGO. July 27. Eggs Market, steaav. Receipts, 4.539 cases; extra firsts. 16*c. fresh graded first, 16%c; current receipts. 13® 14c; dirties. No. 1. 13c: No. 2, lie; checks. No. 1. 12c; No. 2, lie. Butter—Market steady. Receipts. 13.069 tubs; extra firsts (90-91% score. 22%® 23c; extras '92 score., 24c; firsts. 38-8 J 2 score. 21 %®22%c; seconds .86-81% score., 20®20%c; specials. 24%'./25c; standards, 24c : Poultry—Market steady; receipts 45 trucks. 2 cars due; leghorn hens, o'-/10c; fryers, 17® 20c; broilers. 15® 17c; spring geese. 10c: turkeys. 14c; old roosters, 9c. leghorn broilers. 15c: spring chickens, 20 ® 23c; hens, over 5 lbs.. 12c. under o lbs., lie: black chicks. 10® 12c; cocks. 8c; leghorn cocks. 9c: barebacks, 13c. CheeseTwins. 11%®11%c. daisies. 11*® 12c, longhorns. li%®ll%c. Potatoes—Supply moderate; demand and trading moderate, market stronger. TAabo tnamuhs SLBO Idaho russets. $1.15; Virginia cobblers, 51.25® 1:30 slightly decayed SLOS. Virginia barrel cobblers. $1 jo'/2.20. North Carolina triumphs, barrels, 51.90. Arrivals, 33. on track. 267: shipments. 337. NEW YORK. July 27—Potatoes strong; Long Island. 81.50® 1.85 barrel; New Jersey 60c® $1 bag: southern, $1.35® 1. .5 barrel; Maine. $1441.10 barrel. Sweet PotatoesFirm: Jersey basket. 50c® $2.50. Flour— Quiet: springs patents. 5T.504/7.75 barrel. Pork— Steadv. mV?.'. $19.75 barrel. Lard— Easy— Middle west spot.. $4.55® 4.65 a ’OO lb* Dress Poultry—Firm; turkevs, 12®35c chicken*. 9® 26c: broliers, 16®. 24c: capons. 25®35c; fowls. B®l7c: ducks. 12® 14c: Long Island ducks, 12® 15c. L’e Poultry—Weak: geese. 7c; turkeys. 10® 15c; roosters. 10® lie; ducks. 8®10c: fowls. 10® 15c; broilers. 13®24c. Cheese —Steady; state whole milk fancy to specials. 18® 19c; Young America. 13c. Butter—Receipts. 10.948 packages. Market steadv. Creamery higher than extras. 25%®26c; extra .92 score.. 25c: first (90 to 91 score.. 24®24%c: first .88 to 89 score- 23®23%c: seconds. 22®22%c. Egg —Receipts. 13.353 cases. Market firm: special packs, including unusual hennery selections, 21® 24c. Standards. 20%c; firsts. 18c; seconds. 16%c; mediums. 16c; dirties. 16c: checks. 14^14%c. Brewery Increases Pay Roll By Times Special CHICAGO, July 27.—Pay roll of the Pfeiffer Brewing Company has ben increased 44 per cent and fiftysix additional employes have been hired, it has been announced by William G. Breitmeyer, company president.

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ondary” to “emergency" drought classification and added eighteen • secondary" counties to the list. These were: “Emergency" Counties —Colorado: Custer, Garfield. Montezuma. Routt. Kansas: Barber. Barton, Edwards, Ellsworth, Hodgeman, Jefferson, Pawnee. Pottawatomie, Pratt, Riley, Stafford and Thomas. Minnesota— Goodhue. Missouri: Bollinger. Carter, Crawford. Iron. Jefferson, Madison, Perry, Ripley, St. Francois, Ste. Genevieve, Washington and Wayne. Nebraska: Dundy. Hooker, Merrick. Sarpy and Seward. Oklahoma: Harmon and Jackson. Texas: Armstrong and Jim Wells. “Secondary” Counties Lemhi. Illinois: Jersey and Madison. Montana: Fergus. Oregon: Umatilla. Texas: Camp. Collin, Cooke, Delta. FTankhn, Grayson, Hopkins. Kaufman, Rains, Rockwall, Titus, Van Zandt and Wood.

Cash Grain

INDIANAPOLIS —July 26 The bids for ear lots of grain at the call ci the Indianapolis Board of Trade, f o. b., shipping point, basis, 17%c river rate Wheat—Weak: No. 2 red. 38®89c, No. 2 red. 87 5 88c; No. 2 hard, 87® 88c. Corn—Weak. No. 2 white. 62®62 , .c: No. 3 white. 61®61%c: No 2 yellow. 59 <59%c; No. 3 yellow. 58®58%c: No. 2 mixed. 58 ®sß%c; No 3 mixed, 57557*c. Oats— Weak; No. 2 white, 42®43c; No. 3 white. 41®42c. Kay—Steady, if. o. b. country points taking 23%c or less rates to Cincinnati or Louisville). Timothy, No. 1. $13®13 50. —lnspections Wheat —No. 1 red, 8 cars; No. 2 red. 29 cars; No. 3 red, 12 cars; No. 4 red. 1 car; No. 1 hard. 13 cars; No. 2 hard. 10 cars; No. 3 hard. 3 cars; No. 1 mixed, 2 cars, No. 2 mixed, 3 cars. Total. 81 cars. Corn—No. 2 white. 1 car; No. 4 white, 1 car; No. 2 yellow, 8 cars; No. 3 yellow, 13 cars; No. 4 yellow. 2 cars. Totals, 25 cars. Oats—No. 2 white, 2 cars: No. 3 white. 14 cars; No. 4 white, 2 cars; Sample white, 1 car; No. 3 mixed. 1 car; No. 4 mixed. 1 car. Total, 21 cars. Local Wagon Wheat City grain elevators are paying 85 cents for No. 2 soft red wheat. Other grades on their merits. (By United Press) CHICAGO. July 26 —Cash grain: Wheat —No. 1 red. $1 No. 1 red. restricted billing. 97*2® 97%c; No. 2 red. 98c® $1; No. 3 red 974/ 99%c; No. 4 red. 96-%c: No. 1 hard. $1.03: No. 2 hard. sl.Ol %® 1.02%: No. 3 hard. $1.00%® 1.01; No 4 hard. 93%c: No. 3 hard, tough, $1; No. 1 mixed. 97%c; No. 2 mixed. 99%c: No. 1 mixed, restricted billing. 99%c; No 3 mixed. #6%c: No. 2. hard smutty 99%c: No. 3. hard smutty, 99c. No 4 mixed, smutty. 93%c: No. 3, garlicky, 95*c. Corn —No 1 yellow, 66%® 67c; No. 2 yellow, 65*®67*c; No. 5 yellow. 63®64c: No 6 yellow. 62®64%c: No. 2 white. 67®67%c. Oats—Sample grade mixed, 40c: No. 2 white. 46% ®47c: No. 3 white. 43%®44c; No. 4 white. 42®42%c; sample grade white. 39®41c. Rye—No sale. Bariev—Quoting 58® 95c Timothy—slo.7s fill. Clover seed —$10.75® 14.50. Cash provisions—Lard. $7; loose. $6.42; leaf. $6.50; bellies. $lO. TOLEDO. July 26—Grain close: (Grain In elevators, transit bililng). Wheat—No. 2 red. 99c@$l. Corn—No. 2 vel!ow\ 69*® 7%c. Oats—No. 2 white, 48®49c. Rye— No. 2. 734/74c. (Track prices, 24%c rate)). Wheat—No. 1 red. 95®95%c; No. 2 red. 94®95c. Corn—No. 2 yellow. 65®66c: No. 3 yellow' 64®65c; No 4 yellow. 62®63c. Oats—No. 1 white. 45%®47c; No. 2 white. 44 1 2® 46c; No. 3 white. 4245%c. ST LOUIS. July 26. —Cash grain: Wheat —ln slow demand, steady to %c lower on red and steady to %c lower on h3rd No. 1 red. 98c No. 2 red. 97®97%c early and 96c at close No. 2 red garlicky. 92%c; No. 2 red. earlickv. 92%c: No. 1 hard, sl.ol® 1.03; No. 1 light, garlicky. 96%c: No. 3 light, garlicky. 95%c: No. 2 mixed. sl.Ol. Corn—ln slow demand. l%c lower; No. 2 yellow. 67c; No. 3 yellow. 66%c: No 4 yellow, 66c: No 6 yellow 65c; No. 4 white. 67%c. Oats—ln good demand. % to 1 cent lower; No. 2 white. 46®46%c: No. 3 white, 44%®45%c: sample grade white. 44c; No. 1 mixed. 46%c: No. 2 mixed. 46%®46%c; No. 2 red. 46%c. Deaths Shelbv A. Carpenter. 77. Methodist hospital arterio sclerosis. Harritt Anders. 87. of 517 South Harding, senility. Willie Collins Nash. 54. St Vincents hospital, bowel obstruction. Ara Pendleton Reeves. 66. of 3702 East Washington, chronic myocarditis. Cleon Enslev Davis. 15. city hospital, perironitis. Obie Black Jr., 4 months, city hospital, acute diarrhoea enteritis. Mildred Louise Birch. 19. Coleman hospital. acute myocarditis. Theodore Russell. 12, Riley hospital, Mitral stenosis. Thomas Spencer Kemp. 1. Rilev hospital, tuberculosis meningitis. Fannie Brown. 73 of 826 North Illinois. cerebral hemorrhage Olga Helen Buettner. 42. city hospital, heat exhaustion. W. Douglas McMillan. 39. Clavpool hotel. coronary occlusion. Jane Peacock, 1. Riley hospital, status lvmvhaticus. Sarah Richardson. 105. of 303 West Vermont, insolation. Oral G. Koffel. 25 city hospital, pulmonary tuberculosis. Ralph Lowe. 47. city hospital, heat exhaustion. Lewis Whiteman. 44, of (09 Ft. Wayne. 10. heat exhaustion. Sarah Jane Seymour. 91. of 1/09 Rochester. accidental. Oliver Lampkin. 80. -city hospital, heat exhaustion. _ Robert Gordon. 47 of 3205 Guilford, cerebral embolism. .... „ . Joseph A. belanev. 70. of 1118 Patterson. arterio sclerosis Elenore Kloepper. 68. of 730 Orange, carcionoma , „„ „ . _. Rosie Tavlor. 38. of 127 South Liberty, heat exhaustion. , ... William McAfee. 59. city hospital, acute myocarditis. Jennie Pauline Holbrook. 82. Little Sisters of the Poor chronic imerstital nephritis. ... _ John Utz. 84. Little Sisters of the Poor, chronic interstitial nephritis Wm. H. Gray. 57. of 802 South Lvons. heat exhaustion Stella Lodge Edwards. 61. of 664 East Seventeenth, heat exhaustion Lvdia Cunningham. 91. of 246 Nor'h Tacoma. cardiac vascular renal disease Mabelle Lavaughn Granneman. 38. of 5113 Brookville road, carcinoma. Sarah A. Proctor 79. of 228 West Fifteenth. acute cardiac dilatation Charlie Clemmons. 71. of 2421 North Capitol, acute myocarditis , Tillie Schoenfeld. 77 Methodist hospital, carcinoma

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. JULY 27, 1934

GRAINS DISPLAY BETTER TONE; SHORTS COVER Deliveries Advance in Face of Improved Growing Weather. BY HERMAN \V. NICHOLS United Pres* Staff Correspondent CHICAGO, July 27.—A better feelins? in stocks and cotton and in foreign markets brought short covering into wheat at the opening of the Chicago Board of Trade today. Wheat prices were strong, up 1 to 1% cents. Corn was % to a cent higher, oats were unchanged to up % cent, and rye held % to a cent improved. The advance in all grains came in the far;? of greatly improved growing weather throughout the belts. Cooler temperatures and scattered showers were reported in nearly all sections. With the European political outlook improved, strength overtook the Liverpool wheat market. The consensus also was that the Canadian wheat prospects were declining. Chicago Futures Range —Julv 27 Wheat— Prev. High. Low. 19 00 close. Julv 97% .97 % 97% .96% Sept 99% 98% 99 .97% Dec I.ol* 1 00* 1 00% .99% Corn— Julv 64% 64* .64% 63% Sep* 66* .65% .66% .65% Dec .69* 68% .69% .58% Oats— July . • II Sept 44% 44% 44* .44% Dec 45% .45* .45% 45% Rye— July .70 Sept 71% .71 .71% .71% Dec. 73 s * .73% .73% .72* Barley— Julv 56 .58 Sept 55* .64% .55% .54% CHICAGO PRIMARY RECEIPTS —July 26 Bushels. Today. Last sVcek. Wheat 500.000 824.000 Corn 785,0n0 603.000 Oats 125.000 165.000 IMPORTED MERCHANDISE COLLECTIONS INCREASE Indiana Total for Year Nearly Six Times Previous 12 Months. Collections on merchandise imported to Indiana from foreign countries and cleared through the Indiana district of the United States Bureau of Customs during the fiscal year ending June 30, totaled $633,000. Reports on the fiscal year collections of tariff have been compiled at the office of Wray E. Fleming, collector for the district. The amount collected during the last fiscal year was almost six times that received during the previous fiscal year when the total collections amounted to only $116,634. The increase was the result of greater activity in all classes of merchandise imported plus the addition of imports not admited until the last year. Total operating costs of the Indiana district last year, including all salaries and sundry expenses for the Indianapolis office and those at Lawrenceburg and Evansville w’ere $19,739. This reduced the cost of collecting each dollar last year to 3 cents as compared to 17 cents for the previous year. U. S. DOLLAR STRONG British Pound Fractionally Lower to 55.03?! in London. B;/ United Press LONDON, July 27.—The dollar opened strong today. The pound was ss.o3as compared with $5.03% yesterday. Gold was $34.77 with the sterling rate 138 shillings. PARIS, July 27.—Francs were 15.17 to the dollar today (6.592 cents a franc).

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Oslo/ Discount jjjTft i Z\) jO Sale Is on. hM