Indianapolis Times, Volume 46, Number 68, Indianapolis, Marion County, 30 July 1934 — Page 10

PAGE 10

Wall Street

Financial Center Pinning Hope on Roosevelt for Recovery. BY RALPH llt>ULKMmi Time* Seaciat Wrt ONCE more Wall Street is pinning its hope for a trade and market recovery on President Roosevelt. In all probability the rest of the country Is doing the same. But It is wondering whether he can nse to the occasion this time, a., he did hen he stepped into office last year. Can he revive the waning conli-

Ilrndershot

The more important bankers say the market is not a true reflection of business conditions, which, they claim, are satisfactory. But they do not back up these ideas with buying support. Brokers apparently do not know what to think. They are kept busy sending out margin calls. Dispatches say the President will make a radio address from Honolulu. But they are very indefinite and indicate that he probably ynll talk about local matters down there. The Street would like to have him take cognizance of the stock market break and make some cheering remarks about business. mum FROM all reports Wall Street is much more alarmed overtrade conditions than are those out in the business field. This is not sur- | prising. The Street always does go to extremes, ylt loses its head very easily. In times of stress rumors are accepted at their face value and are frequently enlarged upon as they are circulated. Subsequent analysis probably will show 'hat professional traders and operators have been much more afraid of the new exchange regula- ; tion measure than they have been j about business. And it probably will be found that the market's weakness has been due in no small measure to the chanced trading conditions brought about by this legislation. So long as margin trading is permitted it probably will be found that the market needs leadership. Without leadership it is likely to perform much like an army without officers. Those who provided leadership in the past are now j either afraid to operate or are prevented from doing so. No one is going to support a market merely 1 for the fun of it. U tt B THE market has been going through the readjustment made necesary by the new legislation. It Is not surprising that it finds it rather difficult. At these levels corporate officials who are convinced Os the soundness of their own properties probably would be inclined to increase their holdings, if they do. i of course, they stand the risk of bumping up against the provisions of the regulation act. All sorts of complications of that sort are likely to arise from time to time until a clearer understanding is had of the law and traders get accustomed to operating under it. Another factor is said also to enter into the situation. The federal deposit insurance officials are said to have made some pointed suggestions to the banks with which they are now associated that some of their loans collateralized with securities should be closed out. Some of the selling of late is said to have originated from such sources. Retail Coal Prices The tollowin* ortce* represent quotations from lending Indianapolis coal dealer*. A cash discount of 35 cents oer tor 1* allowed Oomestlr Ketall Price* Antnracite sc Brazil lumo 6 OC Brazil egg 5 M Bran! mine run . 5.25 Coke, nut ue 520 Coke, etc sire 8.35 Indiana forked lumo 6 oc Indiana etc 5.75 Kentucky lumo " or Pocahontas lumo 8 00 Pocahontas egg s Or Pocahontas forked Iv.mo 900 Pocahontas mine run 735 New River smokeless 800 West Vtretma lumo 675 West Vtrelnia ese £55 bland Creek 7 00 Extra chsree of 50c a ton for wheehne eoal and tl a ton for coal carried to bln In the Cotton Markets —Julv 28— CHICAGO Htch. Low CloV January 13 20 13 03 13 20 March 13 30 13 18 13 10 Mav 13 40 13 22 13 40 October 17 12 87 13 (50 December ..... . 1319 13.00 13.17 NFW YORK January ............ 13 08 13 01 13 08 March 13 23 13 10 13 22 Mav 13 30 13 14 13 29 Jult 13 22 October 12 34 i; 80 12 93 December .... 13 05 12 92 13 04 NFW ORLEANS January 13.8* 12 93 13 03 March 13 11 13 07 13 U Mav ..... 13 23 Julv 13 26 October ....... 12 90 12 7* 12 87 December 13 02 12 *8 13 00 kroger~co7increases QUARTERLY PAYMENT .Announce 40 Cent Pisburwement on Common Stock. B% Time* Special CHICAGO. July 30 —Kroger Grocery’ Company directors late last week declared a quarterly dividend of 40 cents a share on the common stock. 15 cents more than previous quarterly payments. The usual dividend was declared on the preferred stock. Directors of Congoleum-Nairn. Inc., declared a payment of 40 cents a common share. In two previous quarters 324 cents a share was paid The United States Playing Card Company declares the regular quarterly dividend of 23 cents a common share and an extra payment of the same amount. Lehn and Fink Products Company declares a payment of 374 cents a common share. The previous payments amounted to 50 cents. Earnings Almost Doubled By Timaam Special CHICAGO. July 30— Earnings of the Commercial Solvents Corporation for the first six months of the current year totaled $1,237,737, equivalent to 47 cents a share on the common slock as compared with $637 043 or 25 cents a share for the corresponding period of last year.

SECURITIES DIP FRACTIONS TO THREE POINTS

Drought Controls Trading on Stock Exchange: Sales Small. BY MAX BUCKINGHAM I mifd Press Financial Writer NEW Y’ORK. July 30—The drought controlled trading today—- • stocks dropping while commodities rose. Increased realization of the great reduction in buying power in the middle-west as result of the prolonged hot weather, resulted in stock market heaviness. Prices dipped fractions to 3 points with virtually no trading Blocks were small and tickers were barely operating. In commodities, however, renewed buying interest came in. Wheat was almost a cent a bushel higher while .cotton gained up to SI a bale. Trading was fairly active in both markets. On the stock market mail order shares were under most pressure. Sears Roebuck dipping more than 2 points to 34 after touching anew 1934 low earlier, while Montgomery Ward was off a point at 22. Rails also suffered with Atchison off more than 2 points at 504 and New York Central off almost a point around 20. American Telephone was the target for considerable selling and dropped about two points to just above 106. Most leading industrials showed fractional declines, a little support having been encountered. Money and Exchange INDIANAPOLIS BANK CLEARINGS —July 30— citrines $1,676,000 00 Debits 4.585.000 00 FOREIGN EXCHANGE 'Bv Abbott, Hoppin Ac Co.l —July 28— Close. Sterling Encland $5 03 7 * Franc. France 0659'* Lira. Italv 0857 Belgias Belgium 2347 Mark. Germany 3847 Guilder. Holland 6761 Peseta. Spain 1367 Krone. Norway 2532 Krone. Denmark 2251 Yen. Japan 2992 New York Bank Stocks <Bv Abbott. Hoppin & Co.l —July 28Bid Ask Bankers 60'2 61'* Brooklyn Trust 89 92 Central Hanover 124 124% Chase National 24' 2 24 7 * Chemical 4040 National City 23 23 3 Corn Exchange 48' * 49 Continental 114 124 Empire 174 184 First National 1535 1550 Guaranty 344 346 Irving 154 15 4 Manhatten A: Cos 274 284 Manufac'urprs 19 194 New York Trust 99 100 Treasury Statement TREASURY STATEMENT IBy United Press 1 WASHINGTON. Julv 30—Government expenses and receipts of the current fiscal vear to July 27. compared with the corresponding period of the previous fiscal year: This Year. Last Year Expenses . t 463.792.837 00 $749.773.755.*6 Receipts 300,196 768 05 144.563.789 13 Deflc t ... 283 596 068.95 105.209.466 33 Cash bal . 2 456.286 980 57 Investment Trust Shares ißv Abbott. Hodolb & Co.l —Julv 28— B.d Ask. American Bank Stocks Corp .. 100 1.05 American and General Sec A.3 00 4.00 Amer and Inv Tr Sh 175 Ba*ic Industry Shares 285 295 British Tvpe Inv Tr Sh 30 .36 Collateral Trustee Shares < A-. 4 0 42a Corporate Trust Shares midi . 179 1.83 Corporate Trust Shares (new).. 202 206 Cumulative Trust Shares ... 350 3.60 Diversified Trust Shares (At.. 6.25 Diversified Trust Shares <Bt.. 666 _ . Diversified Trst Shares (C> 2.63 2.0 Diversified Trust Shares iD).. 405 420 First Insurance Stock Corp First Common Stock Corp ... .46 .56 Fixed Trust Oil Shares <Ai ... 6 87 .... Fixed Trust Oil Shares iß> ... 5.89 Fundamental Investors. 1nc.... 1.78 198 Incorporators Investments 17 25 15.75 Land Bank Bond Shares 115 127 Lon Priced Trust Shares 4.65 4.75 Mass Inv Trust Shares 17.12 17 62 Nation Wide Securities .. 288 2.92 North Am Trust Shares (S3i.. 1.68 North Am Trust Sh 155-56 • .. 205 209 North Am Trust Shares (58).. 202 2.08 Selected Amer Shares ... 239 Selected Amer Shares. Inc 1.12 1.21 Selected Cumulative Shares ... 6 4.5 _ Selected Income Shares 325 3.75 S’d Amer Trust Shares (At . 2.62 2.70 Trust Shares of America 2.50 2.55 Trustee Std Oil <A> 4.87 5.12 Trustee Std Oil tB: 4.45 460 U S Elec Lt A- Pwr (At 1100 11.50 Universal Trust Shares 265 275

and e n c e in trade as reflected in the stock market? t n e street is asking Opinions d.ffer. That the Street is in a turmoil is putting it lightly. Actually, the gloom is so thick one can almost cut it with a knife.

REFRIGERATOR COMPANY LAUNCHES SALES DRIVE Leonard Nation-Wide Campaign to Continue Until September. Bp J '><•* special DETROIT. Mich.. July 30.—Anticipating a resumption of public buying during the late summer months. Leonard Refrigerator Com--1 panv is launching a nation-wide sales campaign, largest ever used at ! this season of the year, which will run until the middle of September, company officials announced today. The campaign will be built upon a foundation of newspaper advertiseing. which the company states proved so successful during the first nine months of Leonard s fiscal year when this electric refrigerator manufacturer is reported to have shipped more refrigerators than during any full fiscal year in its history. The company's fiscal year ends Oct. 1. Dealers and salesmen in every state in the union will be requested to participate in this record late summer business drive and $30,000 prize money has been posted for members of the sales organization, Sam C. Mitchell, advertising managter. announced. QUARTER PROFIT RISES Stew art-Warner Net Income Equal to 30 (\ints Per Share. Bn I tmer Special CHICAGO. July 30—Net income of the Stew art-Warner Corporation and subsidiaries for the three months ended June 30. was $372,765. after all charges, equal to 30 cents a common share, an increase of 123 per cent over the $167,495 earned in the preceding quarter. For the six monthe ended June 30, net income was $540,260 or 43 cents a share on the common stock. On a combarable basis loss sustained in the first quarter of 1933 was sl,043 829. Earns $1.60 a Share Bp Timet Special CHICAGO. July 30— Net earnings of Borg-Warner Corporation in the first six months amounted to $1,950,528. equivalent to $1.60 a common share. Directors of the firm announce the regular payment I of $1.75 a share on the preferred stock and the regular quarterly payment of 25 cents a share on the i common.

New York Stocks - ia> Aoboit. uoppin A Coj ——————— AVERAGE STOCK PRICES FOR SATURDAY N>t High. Low. Close, change. Thirty industrials K9.2R 88..70 88.72 --.88 Twenty rails 35.76 35.18 35.47 —.48 Twenty utilities 20.01 19.71 19.86 -r.28 Forty bonds .... 93.63 -.04 Ten first rails .... 101.44 .27 Ten second rails .... 78.52 -.07 Ten utilities •••• •••• 97.95 -f.02 Ten industrials •••• 96.62 —.17 -Off. -Up. —Julv 30— . ________—

Prev. Oils— High. Low. 10 00 close. Amerada . 44 All Rsg 22 4 22 4 22 4 224 Barnsdall ... 64 64 Consol Oil 84 8 Cont of Del 174 17 4 I Houston inewi 24 Mid Cont Pet 104 184 Ohio Oil 94 94 94 94 Pet Corp 154 154 15’s 154 Plymouth Oil 94 94 Pure Oil 84 8 8 8 Sbd Oil 25 Shell Un 84 634 Soc Vac 144 134 134 13'* SO of Cal 324 314 SOof N J 414 414 Sun Oil 59‘ •>?, Texas Corp 22 2/ 7 * ! Tidewater Assn ... 9 3 * Un Oil of Cal 14% 144 Am Roll Mills . 144 144 144 144 Beth Steel ... 27 4 27 4 27’, 274 Bvers AM 154 154 Col Fuel <fe Iron 44 Cruc Steel 1§ Inland Steel ••• 36 Ludlum Steel •• 94 McKeesport Tin 82 4 ■ Natl Steel 38 * Otis Steel .J * Rep I A 8 _ 124 U S Pipe & Fdy . 184 U S Steel 344 35 U S Steel pfd 81 Warren Bros . •• * * Young'wn SAT 15 J * 154 154 lc 4 Motors Auburn 184 17 Chrysler 34% 344 Oen Motors 26 4 26 4 26 4 26 4 Gen Motors pfd .. •• • • , Graham Mot ••• •• J * Hudson D* 34 Hupp ••• z 2 2s Mack Truck f3 Nash • ■ 14 13'* Packard 3 24 2 * 3 Reo 2 2 Studebaker J ,, 4 Yellow Truck 3 t 3 s Motor Access— Bendix ••• 12 IJ’ Bohn Alum - ? 4 2 Borg J 94 19 Briggs 144 14* Budd Wheel 24 .- Eaton Mfg J* 2 Elec Auto Lite Is' * Houdaille "A”... •* Mullins Mfg J.? Murray 80dy... •• ••• 4 s 4 2 Stew Warner 98 Timken Roll ■ • 27 Timken Det Axel % 8 Mining— Alaska Jun 19% 18’* Am Metals *8 4 Am Smelt 33 8 Anaconda 4 4 Cal A Hecla 34 Cerro De Pasco • 35 4 1 Dome Mines ... 394 39 39 38^2 Granby • . 9 a Gt Nor Ore 84 84 84 8 Howe Sound 454 45 2 Ins Copper 34 • Int Nickel 24 s Int Silver gi,? Isl Creek Coal . Kennecott Cop . 18 174 * J” Mclntyre Mine 444 44 2 Noranda Cop ••• ’0 ,* 39_2 Park Utah 'j.* Phelps Dodge ?! /a U SSmefters.. 121 120 4 i2l 1214 Vanadium ••• ••• 19/2 Amusements— Fox Thea • • •• 94 94 Loews Inc 224 224 224 22 * Radio Corp 5 44 5 5 a RKO I, 4 4 Warner Bros 3-,4 3 a Tobaccos — Am Snuflf 60 594 Am Sum Tob Am Tob IB) 254 744 Gen Cigars . 38 At 4 Lig A Myers (B ?jL 4 Lorillard - Reynolds T (B) 444 44 4 Rails— Atchison 524 54_-* Atl Coast Lines 27 2 26-a bao 154 P 9 n Pfl P , . s . 12’ 2 12 8 Ch A Ohio .... 424 42 4 42 4 424 Chi A Gt W 24 24 Chi A Gt W pfd 4 4 C M A St P 34 34 C M A St P pfd 44 4 a Chi N W 54 Dela A Hud 38 2 Del Lac A W 154 15 Grt No pfd ... 134 134 134 134 111 Central 15Vs 154 K C Sou 8 Lehigh Valley ••• 8 Lou A Nash 9 9.. M K A T 54 54 M K A T pfd 14, 4 Mo Pac 8 N°Y P Cem fd 204 204 204 204 N Y Chi A St L 104 N Y C A St L p 21 N Y New Haven 4 N Y Ont A West ~,, , 9 ' 4 Nor Pac 154 154 Pfnn P R 24 , 244 Sou Pac 164 16 a Sou R R 134 134 tfiSon Pac fd .'.'.:io4 4 103 4 104 4 103 Wabash West Maryland. B‘a 8/2 Fouipments— Allis Chalmers IJ4 114 Am Brake Shoe 21 20 ■ Am Car A Fdy 134 144 Am Mach A Fdy 134 13 * Am Steel Fdy 124 12 Bald Loco "4 7 Vs Bald Loco pfd 29 Burroughs • , • I*, 8 Case J I 39 384 384 374 Cater Tract 24 * Deere A Cos 314 12 4 Elec. Stor Bat 384 Foster Wheeler 10 Gen Am Tank C - 314 Gen Elec 18 18 Int Harvester 25 a Natl Cash Reg *3 * Pullman Inc Rem Rand * . West Air B 12 * 17 2 Westingh Elec 29 a 294 Utilities — Am A For Pwr 54 54 Am Power A Lit . 4 . 4 .„ 4 ., 2 A T A T • 108 7 a 108 4 108’a 108-4 Am W’at Wks 16 154 154 154 Brook Un Gas 60 Col Gas A Elec 9 4 9'a Com A Sou 6 . . 14 14 Consol Gas 28 27 4 27 a 21 _ Elec Pwr A Lit 34 34 E P A L pfd 8 Int Hvdro Elec . . 44 Int TAT 94 94 94 ? Lou G A E •A” 15 lj Nat Pwr A Lit 84 North Amer ... • J3 13 * Pac GA E 164 164 164 16 Peoples Gas 23 2 Postal Tel pfd 1?, Pub Serv N J 314 314 So Cal Edison . . 134 134 Std Gas 8 4 74 74 74 Std Gas pfd 84 7 2 Stone A Web 54 54 United Corp * 3. 8 Un Gas Imp H 8 I 4 8 Ut Pwr A Lit •A .. 2 2V Western Union.. .. ••• ••• 33 Rubbers— Firestone I 4 ' B l 4 ' B Goodrich 9 s 9 Goodyear 20 2 19^a Kellv Spring I 4 ,*. 8 U S Rubber 124 124 U S Rubber pfd 30 294 Miscellaneous — Am Bank Note •... 15 Amer Can 934 94 Brklvn Man Tr.. • . 364 Conti Can 78 7i 78 7< 2 Crown Cork .... • • -* 2 Curtis Pub . li* 17 7 * 17 3 * 1< Curtis Pub pfd .. ... ... 80 Eastman Kodak ?<4 Glidden 22 4 21 2 Inter Rapid Tr 7 Owens Bottle *6 Ravbestos Mfg 1 9 -r Foods— Am Sugar 64'2 65 Armour 1A 4 8 4 Beatrice Creamy 43 ! Borden Prod 25 24 ; Cal Packing 34 4 34 4 Can Dry G Ale 15 15 I Corn Prod 2; 2 Crm of Wheat ->2 i Cuban Am Sug 6 4 * Gen Foods fJs Gold Dust I*4 1< 2 G W Sugar 31 2 Hershev 93 Loose Wiles Natl Biscuit 34 33 1 Natl D Prod 164 15 Purity Baic ‘”, 4 S Porto Rico S 33 2 33 8 Std Brands 184 184 United Fruit 68 ' 2 Retail Stores— Ass Drv Goods 84 84 Best A Cos 294 First Nat Stores 61 2 Gimbel Bros * 4 Gr Un Tea * 4 Hahn Dept Sts 3 , 8 Kresge S S JJ. ’l’ 4 Kroger Groc -8 - 2 Macs R H , • 3 ", 8 Marshall Fields 10 94 10 94 Mav Dept St • • , 36 Mont Ward -••• 23 22 s 22 23 Safeway St . 49 4 46 Sears Roebuck 36 5 , 36' 364 36 * Woolworth 48 47 4 48 48 4 Aviation— Aviation Corp 44 44 44 44 Curtiss Wright 24 2 s * 2 s * 2-* Curtiss Wright A . 84 84 Douglas Air .... 174 174 174 1< Nor Am Av 34 3 4 Speery Corp ... . ■ 74 < 4 United Aircraft 154 15 15 154 Wright Aero ... 41 Chemicals— Air Reduction 97 Allied Chem 1274 Am Com Alcohol 24 134 Col Carbon ... . 624 624 Com Solvent*... 174 17V* 174 174 Dupont ........ .. ... 864 864

THE INDIANAPOLIS TIMES

Freeport Tex 28 28 Liouid Carb 20 4 194 Math Alkali 264 264 Montosonta Ch. .. ... 494 Natl Dis inewt 18 184 Schenelev Dist 194 194 Tex Gulf Sulph 31 314 Union Carbide 404 40 U 8 Ind Alco 36 354 Virg Ch 64 pfd 12 4 Drugs— Cotv Inc 4 4 Lambert ... 24 4 24 4 24 4 25 Lehn A Fink ... 18 Un Drue 124 12 12 114 Zonite Prod 34 Financial— Adams Exp .... ... 64 64 Allegheny Corn 2 2 Am Int Corp 64 54 Chesa Corp .. 384 Transamerica 5 4 54 Tr Conti Corp 34 3 4 Building— Am Radiator 114 114 Int Cement 194 Johns Manville 434 424 Libbv Owens G!s 28 28 Otis Elev 14 Household — Col Pal Peet 25 7 * Congoleum ... 25 Kelvinator ... 124 Proc A Gamble 35 Simmons Bed 10 94 Textiles— Amer Woolen 74 Belding Hem 104 Celane.se Corp 20 Collins Aikman 104 Gotham Hose ... 5 44 Indus Ravon 204 214 Kayser Julius 14 14 Real Silk ... ■ • 5% New York Curb IBv Abbott. Hop Din A Cos.) —July 28Close Close Allied Mills . . 6Vs Gulf Oil of Pa.. 514 Alum Cos of Am 52 IHiram Walker . 23 1 a Am Beverage 14 Humble Oil . ... 404 A Cvanide 181 1641 Imperial Oil Ltd 134 Am Gas A 1 22 !Hud Bay Min.. 134 Am Superpower 14 Int Petrol 254 Asso Gas A El 4 Lake Shore iMn 51 Atlas Corp ... 84 Lone Star Gas . 44 Brazil Tr A B 84 Natl Bellas Hess 24 Can Indu Ale A 6 Newmont Min.. 464 Can Marc ... 14!Nia Hud Pwr... 44 Carrier Corp .. 14 Novadel Agene.. 184 Cities Serv . 14’Pan-Am Airways 324 Consol G of B 604 Park Davis 23 4 Cord Corp .... 34 Penn Road .... 2 Creole Petrol.. 114|St Regis Paper.. 24 Deere A Cos ... 124lSherwin Wms .. 714 Distillers Lim . 214 Std of Ind 254 Distillers Corp 104 Std of Ky 154 El Bond A Sh 114 Technicolor Ind 124 Fisk Rubber 84 Teck Huges Gold 64 Ford of Can A 18 Gas 14 Ford of Europe 64 Un Pwr A Lit A 24 Glen Alden Coal 194 Wr Hargraves M 94

Chicago Stocks "" ‘ (Bv Abbott. Hoppin & Co.l '

—July 30High. Low. 11:00 Bast ian-Blessing ... 4'n Bendix Aviation lltb 11'4 lU2 Berghoff Brew Cos 4' 4 4’s 4' 2 Borg-Warner 19'/* 18' 4 18' 4 Butler Bros 7 3 /* 7 7 Chicago Corp Com 2 1 7 4 2 Chicago Corp pfd 25Vi 25 25 Chicago Mail Order 10 9'h 10 Cities Service l-’ 4 Cord Corp ... 3 Electric Household 13 General House Util 7V 4 Marshall Field & Cos ... 10 9’ 4 9’ 4 Libbv-McNeil 4 7 * 4’ 4 4’ 4 Nobiitt-Sparks Ind Inc. .. ... 10'/a Prima Cos . ■ 3'/ 4 Swift & Cos 16 15Vi 16 Swift International... 31 30 30 Vortex Cup Cos ... 12'h Zenith Radio ... 2'/* Bond Prices Bv Fenner & Beane - ” l_— ' (By Fenner <fc Beane) —July 30High. Low. 10:00. Alleg Corp 5s ’SO ... . 27 3 4 Am&For Pwr 5s 2030... 50'4 50' 50' 4 AT&T db 5s 65 109 5 * Atchison gen 5s '95 . , 103 7 * B&O cv 4'_.s ’6O 58Vh 57V* 57"* Beth Steel 5s A '3S 103 Brazil 6V 2 s < 26) ’57 25'/* ChMStP&P ad 5s A 2000 R’ 4 B'* 8> s CMStP&P rs 5s A '75... 311* 30 30 Cons Gas NY 4' 2 s ’51... 104 103'2 103'/a Erie RR rs 5s 67 ... 67'2 Gt Nor 7s A ’36 91 Interboro RT 5s '66 ... 72 Int T&T db 5s '55 58 McKess&Robb S'as 'SO. . 79 Nat Dairy db s'4s '4B . 98'i 98 98 NY Cent 4'aS O 2013 68 Pac Gas & El 5s A ’42 . 106'* Penn RR 4' 4 s D 'Bl .. 97'* 97 97 Poland 7s '47 113 7 * 113'2 113 3 4 Royal Dutch 4s A '45 . 137 s * Sin Cons 6' 2 s B '3B ...104V* 104 104'/* Texas Corp 5s '44 ... . 102'/ 2 U S Rubber 5s A '47... S3'2 82 3 4 B'2' 4 Western Un 5s ’sl ....... ... 73’ 4 Ygstwn S & T 5s 8 ’7O 85V* U. S. GOVERNMENT BONDS (By United Press) NEW YORK. July 28.—Closing Liberties. (Decimals represent 32nds.). —Liberty— First 4'is (32-47) 103 Fourth 4Vis t 33-38) 103.19 —Treasury—--4> 4 s-3 i/ 4 S (45) 103.8 4’is (47-521 113 3 3 *s (43-471 104.16 3 3 *s (40-43) June 104.22 3id s (43) 104.19 3 3 *s (46-49) 102.18 3s (51-55) 101.17 FEDERAL FARM LOAN BONDS tßy Blyth & Cos., Inc.) —July 28— 4s Julv 1, 1946-41 99 3 * 100"* 4s Nov. 1, 1957-37 99 Vi 100 '* 4s Mav 1. 1958-38 99Va 100 Vi 4Vis July 1. 1956-36 99% 100'i 4> 4 s Jan. L 1957-37 100 100% 4' 4 s, May 1. 1957-37 .. 100 100 3 4 4>*s Nov. 1. 1958-38 100'i 101 2 4'aS May 1, 1942-32 100 100 2 4' 2 s Jan. 1. 1943-33 99 3 i 100' 4 4'. 2 s Jan. 1. 1953-33 99 3 * 100' 4 4' as July 1. 1953-23 99 3 * 100% 4%s Jan. 1. 1955-35 100% 100'* 4%s Jan. 1. 1956-36 100% 101% 5s Mav 1. 1941-31 100% 100% 5s Nov. 1. 1941-31 100% 100% —Home Loan—--3s Mav 1, 1952-44 100.6 100.16 4s July 1. 1951 100.10 100.16 —Federal Farm Mortgage Corporation—3'is. March 15. 1964-44 ...101.27 102.2 The latter three quotations are in thirtyseconds. NET PROFITS INCREASES Briggs & Stratton Earnings Total $249,768 in Three Months. Bp Times Special MILWAUKEE. Wis., July 30. Briggs & Stratton Corporation reports for the three months ended June 30. net profit, after all charges and taxes of $249,768 equal to 83 cents a share on the capital stock, compared with net profit of $60,309 or 20 cents a share, for the corresponding period of 1933. On June 30 cash and marketable securities at quoted market values of Dec. 31. 1933, amounted to sl.528.883 and total current assets to $2,267,778 compared with current liabiilties of $273221. NET INCOME REPORTED American Machine & Metals Earns $23,633 in Six Months. Bp Times Special CHICAGO. 'July 30. Semi-an-nual report of American Machine & Metals, Inc., for the six months ended June 30, shows gross income of $496,900 as against $286,607 for the first half of 1933, and net profit of $23,633 after all charges equal to | 11 cents a common share against a loss of $73,599 in the first half of 1933. Net earnings for the second quarter of the year totaled $68,449. equal to 31 cents a share on the capital ! stock, as compared with a loss of $20,815 reported for the June quarter last year. Rome Wheat Production Drops Bp l nitrd Press ROME. July 30. —Wheat production for Europe, excluding Russia, is estimated at 40.000.000 metric tons, this year, compared with 47.000.000 m:tric tons in 1933, the institute of agriculture reported today.

SWINE VALUES UNCHANGED IN LIGHT SESSION

Cattle Market Steady to Shade Lower; Veals, Lambs Even. Porker prices continued mostly stationary in early trading at the Union Stockyards this morning. The bulk of 160 to 200 pounds was selling at 54.60 to’ $4.80. Weighty kinds, scaling 200 to 300 pounds, cashed in at $4.85 to $4.95, while few better classes sold up to $5. Light slaughter pigs, weighing from 130 to 160 pounds, were salable at $3.15 to $2.75. Extremely light classes, scaling from 100 to 130 pounds, were selling at $2.25 to $2.75. Packing sows brought $3.50 to $4.25. Receipts were estimated at 6,500; holdovers, 489. With a liberal steer supply on hand, initial trading in the cattle market was unchanged to a shade lower than Saturday's average. Bulk ranged from $5.25 to $7.40. Several loads of better grades held above SB. She stock was slow and steady. Receipts numbered 1.400. Vealers remained unchanged, selling at $5 down. Receipts were 500. Only a slight change was evident in the lamb market, and practically all prices held at the previous close. Early bulk of ewe and wether lambs sold at $6.25 to $6.50. Bucks were discounted sl, while throwouts ranged from $4 to $5.25. Slaughter sheep of practically all grades were saleable at $1 to $2.50. Receipts were 600. Striking of handlers at the Chicago stockyards today continued to delay trading in the world’s largest livestock center.

July Bulk. Top. Receipts. 24. $4.65® 4.75 $4.75 6.000 25. 4.50(51 4.65 4.70 4.000 26. 4.75*5! 4.90 4.90 3.000 27. 4 95(5! 5.00 5.00 4.500 28. 4.85® 4.95 5.00 4.000 30. 4.60® 4 80 5.00 6,500 Market, Steady (130-160) Good and choice....s 3.50@ 3.75 —Light Weights—-(l6o-180) Good and choice.... 4 60® 4.70 (180-200) Good and choice.... 4.75@ 4.80 —Medium Weights—-(2oo-220) Good and choice.... 4 85® 4.90 <220-2501 Good and choice ... 4.90® 5.00 —Heavy Weights—-(2so-290) Good and choice ... 4.25® 4.95 (290-250) Good and choice.... 4.75 % 4.85 —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 ... 2.25@ 2.75 CATTLE Receipts, 1,400; Market, Steady Good and choice $ 6.50® 8.75 Common and medium 3.00® 6.50 (1 100-1,5001-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, ,>00; Market, Steady Good and choice $ 4.50® 5.00 Medium 3.00® 4.50 Culi and common 2.00® 3.00 —Calves— Good and choice 4.50® 5.50 Common and medium 2.5i ® 4.50 —Feeder and Stocker 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® 4.00 SHEEP AND LAMBS Receipts, 600; Market, Steady Lambs. 90 lbs. down, good and choice $ 6.00® 6.75 <9O-110 lbs.) Good and choice 5.754/ 6.50 <9O lbs. down) Com. and med 4.00fx, 5.50 —Ewes— Good and choice * ?52 Common and medium 50® 1.75 Other Livestock ißy United Press) FT. WAYNE. Julv 30.—Hogs—Steady to 5c lower; 250-300 lbs.. $4.90: 200-250 lbs.. $4.75: 180-200 lbs., $4.55: 300-350 lbs.. $4.60; 150-160 lbs.. $3.80: 140-150 lbs.. $3.55: 130140 lbs., $3.20; 120-130 ibs., $2.70; 100-120 lbs.. $2.40; roughs, $3.50; stags, $1.75; calves, $5;. lambs, $6. LAFAYETTE. Julv 30.—Market, steady; 200-300 lbs.. $4. 75®4.85. 180-200 lbs.. $4.60 4/4.65: 160-180 lbs., $4,454/4.55; 140-160 lbs.. $3,254/3.50: 100-I'fD lbs.. $2.10® 2.90; roughs, $4 down; top calves, $4.50; lambs. $6 down. (By United Press) LOUISVILLE. July 30.—Cattle. 450; supply light, demand only fair; market on slaughter classes, 25c or more higher than the close of last week, or fully steady with Monday; bulk common to medium steers and heifers, $3®4.50; low qualitied cutter grades down to $2 or less; several lots better finished fed offerings, [email protected]; bulk beef coVs. $2,254/3: good to $3.25 and above; low cutters and cutters mostly $1 4/2: bulk sausage bulls $2,254/2.75; best heavy kinds. $3: light Hereford heifer Stockers salable mostly $44/4.50, with common to medium grade natives generally $2 50® 3.50; inferior kinds down to $2 or less, drives, $4; vealer market steady; bulk better grades. 54&4.50; medium and lower grades. $3.50 down. Hogs—Receipts. 1,100; including 105 direct; market, oc lower than Saturday, or 15c lower than last Friday: 210-300 lbs.. $4.85; 185-205 lbs. $4 65- 305 lbs up. $4.15; 160-180 lbs.. $3.85; 145-155 lbs.. $3.50; 120-140; $2.10: sows. $2 65. Sheep—Receipts. 2,500. including 1 327 stock ewes; lamb market not established: early indications around steady or mostlv from $5,754/6 for better truckedin ewe and wether lambs; choice held for 56.25 and above: stock ewe trade fairly active, mostlv steadv: bulk ewes salable. $5.50® 7.50 a head: choice young ewes to around $8.25. BUILDING AWARDS RISE 20 PER CENT IN WEEK State and Municipal Contracts Total 526,000,000. Bn Tintc* Special NEW YORK, July 30.—Engineering awards for the week total $29,* 481.000 according to Engineering News-Record. Os this amount $26,000.000 is for public work and $3.481,000 for private. This total is 20 per cent over the average week to date for the year and 140 per cent over the average July week last year. Os the public work $26,000,000 is for state and municipal and $3,077.000 for federal improvements. The currrent week's waterworks total at $8,451,000 registers the high week for the year, highway awards are up to $7,474,000 and other classes of work 'are about at their average weekly totals. New capital for the week includes the highest municipal bond sales total this year. $37,915,000. which includes $34,465,000 in New’ York City bonds for construction purposes. Additional PWA allotments for nonfederal work total $28,211.000. This brings the cumulative total for this year to $866,499,000 compared with $183,351,000 for the same period last year. DOLLAR VALUE LOWER British Pound Fractionally Higher at 55.03 13-16 in London. By United Prct* LONDON. July 30.—The pound was $5.0313-16 today. Gold was $34.77 a fine ounce with the sterling rate 138 shillings 3 * penny. The pound Saturday was $5.03V PARIS, July 30—The franc was 15.17 to the dollar today (6.592 cents a franc j. __

Wall Street Develops Nerves Over Influencing Problems Facing Market

Prices Decline During Week but Trade Is Lifted From Rut. By T nitci Prrx * NEW YORK. July 30—Disaster provided the pressure last week which smashed stock prices but lifted trading out of the run holding it for the past fortnight. It left Wall Street with a fine set of nerves, for the problems still exist. Sentiment, however, is improved, mainly the result of an excellent snap-back in prices Friday. Before the traders during the week were these items: Austrian situation, which Wall Street overestimated greatly. The drought in the mid-west, affecting all manner of business, which impressed forcibly to the financial district during the w’eek. Industrial statements wthout so much cheer, particularly General Motors Corporation which reported a tremendous increase in sales and a slight dip in earnings thus indicating higher costs of operations. Friday and Saturday were the only days the stock market saw rallying power. For the remainder of the week there was a steady recession climaxed by Thursday's market in which losses up to 10 points were recorded and all averages shot to new lows extending back well into 1933 with the utility list flirting with its 1933 low. Individual stocks suffered declines up to 12 points. Union Pacific dropped to 102 at the close, after going below 100 Thursday, while U. S. Smelting had more than 10 points decline despite more than 4 points gain Friday. U. S. Steel, General Motors, Chrysler, General Electric, New York Central, Bethlehem Steel, Western Union, National Distillers, Loew’s and a long list of others all recorded new 1933 lows during the week. Many of them recording successive lows each day, and despite Friday's and Saturday's gains, had losses on the week. Trading increased to well over 10.000,000 shares for the week. Scores of margin accounts were sold out and the margin calls were the heaviest of the year. Some utilities kept right on losing even through Friday. Consolidated Gas of New York dropped through 26, for anew record low then firmed but still was 5 points off Friday night. American Telephone came under heavy pressure on reported rate investigations and dropped more than 3 points on the week. The money market remained fairly firm. Austrian bonds suffered rather severely but that was in keeping with the entire bond market which had one of its sharpest reactions of the week, even U. S. governments coming under heavy selling pressure until heavy buying came near the close. Wheat and corn finished lower, and cotton lost about $1 a bale. Industrial news during the week On Commission Row —July 30— Quotations below are average retail prices being offered to buyers by local commission house dealers. Apples—Fancy Delicious. $2.50: Transparents. $1.50472. / Peaches. Georgia, Elbertas, bushel. $2 <S 2.50. Oranges—California Sunklst. $5®5.50: Valencies, $4.25®4.75. Lemons—Sunkist, $6.50. Grapefruit—Florida seedless. $4.50. Cantaloupes—lndiana jumbos, flats. 75c; standards, flats, $3.50; Honeydews. $3.50. Pears—Caiavos, $2.50 a box. Watermelons—2s® 75c. Bananas—A pound sc. —Vegetables— Sweet Corn—Home grown, doz, 104/15c. Cabbage—Home grown, bushel. 65® 75c. Celery—Michigan, at boxes. $1.25; medium, doz, 45c. Onions—California yellow, 50-lb. bag, $1.50. Potatoes—Rural New York. 100-lb bag, $1.65; Idaho Russets. 100-lb. bag. $2; new. barrel. $2.85. Sweet potatoes—New Alabama, bushel, $2 Beans—Round stringless, bushel, $1.25® 1.50. Beets—New. 25c a dozen. Carrots—Home grown, bushel. $2; doz.. 35c. Cauliflower—lOs-lls, crate, $1.85®2. Lettuce—Outdoor, 15-lb. basket. 8oc; head lettuce crate, $6. Peas —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. 40@ 50c; original Tenn., 30-lb. lub. $2. CHICAGO FRUIT MARKET <Bv United Press! CHICAGO, July 28— Fruits and vegetables: Apples Michigan transparent, bushels. 50c4/ si 25 Cucumbers-Illinois bushels. 51.50® 2; Maryland. 51.754/ 2.50. Carrots California crates $1,504/175. Illinois and Ohio bunches. Tomatoes—Tennesse lug boxes. $1,154/2, Illinois flat lugs, 50c®51.25. Sweet Potatoes —Tennessee bushels. $1.50. Mushrooms— Illinois, lb. carton. 75c®51.25. Peaches— Georgia bushels, $1.25472.50. Lettuce— California crates. 55.254/.6: Illinois leaf bushels. 754; 85c. Beans and wax. bushels, 75c®.51.50. Cabage Illinois crates. $1.25®1.75, Celery—Michigan crates. 504785 c. Cherries—Michigan. 16 quarts red sour. 75c4/ sl. Canteloup— Indiana crates. 75c®*1.25 Cauliflower— Wisconsin bushels, *1®1.70. Corn—lllinois 5 dozen sacks yellows. 25® 65c. Peppers—lllinois bushels. $2.25® 3.00. Onion market (50-lb. sacks): California yellows $1 15® 1.25; California whites. $165, Washington Valencias. $1.10; lowa yellows. 80c. Produce Markets Delivered in Indianapolis prices; Heavy hens 10c Leghorn hens. 7c 1934 broilers 2 lbs. and over, 15c. Leghorn broilers Hi to 2 lbs. and over 13c bareback broilers lie: old roosters. 4c: ducks and 3c: voung guineas, 20c; old guineas. 15c: No. 1 strictly fresh country run eggs, loss off 11c. Each full case must weight 55 lbs. gross; a deduction of 10 cents a pound for each pound under 55 lbs. will be made. Butter—No. 1, 27® 28c; No. 4. 25® 26c. Butterfat. 20c, Quoted bv Wadlev Company. <By United Press) CHICAGO. July 30. Eggs Mar'tet firm Receipts. 7.637; extra firsts. 17‘ 4 c; fresh graded firsts. 16 ! 4 c; current receipts. 13'2®14'2C; dirties. No. 1. 13c; No. 2. lie; checks No. 1. 12c: No. 2. 11c. ButterMarket firm Receipts firsts (90-91 1 2 score 1. 23®23'>c; extras 192 score*. 24 ! 4 c: firsts iBB-89'2 score 1. 2D 24/22'it: seconds 186-87'-*c>. 20®.20j-c; specials. 24’>4/25' 4 c; standards. 24' 4 c: centralized <B9 score*. 22 3 4c; centralized 188 score'. 21 He. Poultry—Market easy. Receipts. 3 cars. 7 cars due 34 trucks: leghorn hens, —e: fryers. 13® 18c: brokers. 13®.17c; spring geese. 10c; turkeys. 14c; old roosters. 9c: leghorn broilers. 12Hc hens. 11® 12c; leghorns. 114712 c; black chicks. 10®12c: cocks. 8c: leghorn cocks 9c- colored springs. 16®20c; ducks, 8® 10c. Cheese—Twins. IH 4 ®l2c; daisies. 12' 4 4i 12’ 4 c: longhorns. 12' 4 ® 12'*c. Pota-toes-Supply rather light, demand and trading moderate: market stronger: Virginia cobblers. $1.40® 1.60; Idaho triumphs. $24/2 25: Virginia barrel cobblers. $2 40® 2.50. Arrivals. 71, o track. 210; shipments Saturdav. 298; Sunday. 12^ NEW YORK. Julv 30 —Potatoes—Steadv; Long Island. Sl® 1.50 bbl.: New Jersey. 50c ®tl 10 bag: Southern, sl®l oO bbl . Maine. sl4/115 bbl. Sweet Potatoes—Steadv; Jersey basket. sl®2: Southern basket. $2 /a 4/ 3 Flour— Higher. springs: ptf.ems. $7.65®7 90 bbl. Pork—Steady Mess. S!9_;s hbl Lard—Firm. Middle West Spot— M 75® 4.85 a 100 lbs. Dressed PoultryDull- tu-kevs. 12® 35c; chickens. 8025 c: broilers. 16® 24c; capons. 12® 14c: Long Island ducks. 12® 15c Live Poultry—Dull: geese 7c: turkevs 10® 15c: roosters, lie: ducks. 8® 10c: fowls. 10® 15c: broilers. 12® 24c Cheese—Firm: state whole mux fanev to specials 18® 19c: Young America. 134/13 1 2C Butter—Receipts. 8.286 packages: market, steadv: creamery higher than extras. 25'2®28' 4 c; extra *92 core>. 25' 4 c; first 90 to 91 score/. 24' 4 ®25c: first 'BB to 89 score'. 234/23',/e: seconds '22®22' 2 c. Eggs—Receipts 13.920 cases; market, firm: special packs including unusual hennery selections. 21'.>®24 l 3 c; standards 20' 2 4/ 21c. Firsts. 18®18' 4 c. seconds. 16'jc: mediums. 16c dirties 16c: checks. 14®14'2C CLEVELAND, July 30.—Butter market, firm, extras. 28' tc: standards. 28'jc. Eggs Market, firm: extra white, 18c: current receipts, 15c; ordinary firsts. !3c Poultry market barely steady, colored fowls. 4® lbs and uo. 14',/e; old roosters. 10c; ducks, white. 5 lbs. and up, 14c. Potatoes —Mostly *2€2.10 a bbi.

included a rise in retail failures, a sharp drop in bank clearings mainly because of New Y’ork. where the comparison was unfair inasmuch as a year ago found the stock market plunging in enormous trading thus bringing more back clearings; steel production dropped slightly more than a point. June passenger car sales decreased; electric power gained slightly over the preceding week and carloadings gained over the previous week—mainly because of grain and livestock shipments—while they still remained well under a year ago. Dividend action was favorable, some increase being announced. Bethlehem Steel declared $1.75 dividend on the preferred stock, the first such since 1932. Consolidated Gas held its common dividend at 50 cents despite a further unfavorable earnings report. Officials sales by days for the week ended July 28 as compared with the preceding week were as follows: This Wffk Last We<*k Monday $ 1.877,730 $ 589,730 Tuosdav 1,594,938 <16,688 Wednesday 1,347.810 490,370 Thursday 3,338,050 614,150 Friday 2,212,756 1.242,675 Saturday 468.900 619,970 Totals $10,810,176 51.893,495

EXPORTS GAIN; IMPORTS DROP U. S. Reports $34,492,000 Favorable Balance During June. Bt/ United Pros WASHINGTON. July 30. A sharp increase in exports with a corresponding decline in imports gave the United States a favorable balance of foreign trade of $34.492,000 in June compared with an unfavorable balance of $2,407,000 in June, 1933, the department of commerce reported today. In June, exports rose to $170,574,000 from $160,207,000 in May, while imports fell from $154,647,000 in May to $136,082,000 in June, making the most favorable trade balance in several months. Exports in June were (15 per cent above May, compared with a normal season decrease for this period of about 5 per cent. Imports were off 12 per cent. The usual decline is 7 per cent. Compared with June, 1933, exports were 42 per cent higher and imports 11 per cent higher. In the first six months of the current year exports amounted to sl,036,262,000, against $669,329,000 in the same period last year. Imports in the first six months of this year rose to $863,330,000 from $592,092,000 a year ago. Exports of crude materials showed the largest gain in June and smaller increases were reported in semi-manufactures and finished manufactures. Exports of foodstuffs declined. Most of the decline in imports was accounted for by a reduction in sugar imports "from the Philippine Islands. Other products declining were meats, fruits and vegetables, coffee, textiles, raw silk, undressed furs, hides ando skins.

MAYTAG REPORTS HUGE INCREASE IN EARNINGS Company’s Second Quarter Profit Totals $586,192. Bp Times Special NEWTON, la., July 30. The Maytag Company reports for the three months ended June 30, net profit, after all charges and taxes, of $586,192 compared with net profit of $171,376 for the corresponding period of 1933. Net sales for the quarter were $4,825,427 compared w’ith net sales of $1,996,194 for the second quarter of 1933. For the six months ended June 30. net profit was $1,046,574 compared with net profit of $76,211 for the first half of 1933. Net sales for the first six months were $8,884,721 compared with net sales of $2751481 for the corresponding period of 1933. INITIAL PAYMENT MADE Tool Company Derlares Dividend of 10 Cents on Common Stock. By 'T imes Special CHICAGO, July 30.—An initial dividend of 10 cents a share, payable Aug. 1, to holders of record July 20, has been declared on the capital stock of the Ampco Twist Drill Company, Frank Sikorovsky, president, announces. Net earnings of the company for the first six months of this year, after all charges, amounted to $53.708 as against a net loss of $25,375 for the same period of 1933, an increase of $79,083. Deaths Florence Cline. 68. Central Indiana hospital. arteriosclerosis. Helen Josephine Sartor. 37. of 232a West Washington, acute myocardi’is. Bridget Mahonev. 69. of 414 North Walcott. heat exhaustion. . .. Josephine E Geiger. 62 of 1153 North Tremont. cardiac decompensation. Cornelius Jones. 83 Methodist hospital, carcinoma. , Mary Eunice Blacker. 47. Methodist hospital, ileus. . . Sarah Jane Mavhew. 68. of 4a3a Schofield. cerebral hemorrhage. W George Manz. 61. city hospital, heat exhaustion. , Martha Elizabeth Dodson 83. of 1834 East Tenth, cerebral hemorrhage Horace Greeley Clark. 61. of 67 North Sheridan, cerebral embolism. Leslie Warren Auman. 42. of 3634 Creston drive, coronarv occlusion. Margaret Weis. 91. of 1003 South New Jersev. heat exhaustion Noah Ferguson, 71. city hospital, hypostatic pneumonia. Joe Pettigrew 53. city hospital, heat stroke. Births Boys Dawson and Frances Townsend. Methodisf hospital. Ben and Catherine Holdaway, Methodist hospital. Charles and Mary Van Buskirk Methodist hospital. Emmett and Alma Wilibaum. 224 North Summitt. William and Marion Kinnaman, 2121 Broadway (twins'. Clarence and loia Waggoner. 1201 Spann George and Mary Parra. 806 North Goodlet. Roland and Marie Woodard. 326 North Tacoma. Girl* John and Mary Hurley. Methodist hospital. Ray and Evelyn Mart*. Methodist hospital. Marion and Jeanette Smith, Methodist hospital. Orville and Dorthy Sella. 262 East Southern. John and Sibyl Martin, 530 North Berwick, aua*

.JULY 30, 1931

FUTURE PRICES ! CLIMB AS BELT' RECEIVES RAIN

Eastern for Initial Buying Wave. BY HARMAN \V. NICHOLS United Press Staff Correspondent CHICAGO. July 30—Little ram was received in the grain belt over the week-end and prices on the Chicago Board of Trade generally took to the upside. Wheat held ’-j cent lower to '•* cent higher, corn was up •" cent to cent, oats was 's to \ cent higher, and rye was unchanged to up -n cent. There was little trading in the nearby delivery of wheat and this month worked against the trend. Mast of the belt was clear, although temperatures were lower, the official weather map showed. The opening was rather spirited, but considerable buying was led by houses with eastern connections. Chicago Futures Range —July 30— Prsv. Wheat— Hich. Low 10 00. floss Julv 1 00 99'. 99' 4 99 Sept 101', 100 * 1 00N I or, Dee 1 o.l'a 1.02 U 1.02 7 . 1.02 , Corn— Julv .67' 4 66 7 . 66 7 , 66'i Sent 69'. .68', .68’, 68 ' 4 Dec 72' 4 ,71'a .71'_. .71', Oat*— Julv 45' 4 Sept 16 .45’, .45', 45’ 4 Dec 47 .46', .46’, .46’* I Rve— Julv . ... ..... 7* Sept 74 1 4 73 ' 4 .73\ .73%' Dec 75’ 4 .7H 4 .74% .75'* Barley— July 62 Sept 57 .57 '4* CHICAGO PRIMARY RECEIPTS July 28— Bushels. Todav Last W’eelr. Wheat 1.177,000 1.611,000 Corn 1.989.000 1,667,000 Oats 265,000 171,000 Cash Grain INDIAN A POI.IS The bids for car lots of grain at tha call of the Indianapolis Board of Trade, X. o. b.. shipping point, basts 17'ic to river. Wheat—Strong: No. 1 red. 924/93c, No, 2. 91®92c: No. 2 hard. 91® 92c. Corn—Strong; No. 2 white. 65®65'-c: No. 3 white. 64'1®65'jc: No. 2 yellow. 63 ® 62'bc; No 3 yellow. 6i® 61' fc: No. 2 mixed, 61® 61'2C: No 3 mixed. 60®60' /C, Oats—Strong; No. 2 white. 43® 44c; No. 3 white. 42®.43c. Local Wagon Wheat City grain elevators are paying 88 cents for No. 2 soft red wheat. Other grades on their merits. (By United Press) CHICAGO, July 28 —Grain close Wheat —No. 1 red. $1.01; No. 2 red sl®>l.oH 4 ; No. 3 red, 99'2C® sl.oo'No 1 hard. 104; No. 2 hard, $1.03® 1.03 3 4 ; No 2 yellow hard. 51.03-%@>1.04' 4 . Corn—No. 2 mixed, 67 1 c; No. 5 mixed. 65'ic; No. 1 yellow, 67' 3C; No. 2 yellow, 67' 4 ® 67 ' 4 c; No. 3 yellow, 66" 4 ®67' 4 c: No. 2 white. 68'1 ®69'ic; sample gradp, 64'ic. Oats—No 1 w hite. 46 3 4 ® 47'ic; No 3 white. 44®,45c; No. 4 white. 42® 44c. Rye—No. 2 74c: Barley, no sales; quoting. 58® 59c on feed to malting: timothv. $10.75® 11; cloverseed. $10.75® 14.50. Cash provvisions—Lard. $7.15; loose. $6.65; leaf. $6.62; bellies, $10.12. TOLEDO. July 28—Grain close: (Grain in elevators, transit billing!. Wheat—oN. 2 red. $1.02'2® l 03 1 •. Corn—No 2 yellow. 721/73r. Oats- -No. 2 white. 49'2® 50'.c. Rye—No. 2. 76® 77c. (Track prices 24’ 2 o rate) Wheat—No. 1 red 986® 99c; No. 2 red. 97' ■ ®9B'.ic. Corn—No 2 yellow. 68® 68',Sc: No 3 yellow, 67® 67'/ie; No 4 yellow. 55®55'be. Oats—No. 1 white. 4?,®) 50c: No. 2 white. 46®,48c; No. 3 white, 44® 47c. ST. LOUIS, July 28.—Grain close: Wheat—ln good demand, steady to 2c higher on red and I'2 to 2’zc higher on hard; No. 2 red. 98'2® 99c; No. .3 red, 96® 98c: No. 2 red garlicky. 92'.2®93'2C; No. 4 red garlicky. 53® 93 1 be: No. 1 hard, $105; No. 2 hard, SI 03'2 #1.04'.b: No. 1 light garlicky. 97c; No. 2 light garlicky, 95'2®96'2c; No. 2 mixed. sl. Corn—ln good demand. 1 to higher; No. 2 yellow, 69® 69'be; No. 3 yellow. 68 'i® 69c; No. 4 yellow. 68c. Oafs—ln fair demand, unrhangad to lc " higher; No. 2 white, 46’ 4 c: No. 3 white. 44’ 4 ®45'bc: No. 2 mixed. 44'i®46’c; No. 3 mixed. 44lbc. DIVIDEND ARREARS I PAID Greyhound Directors Vote Total Disbursement of 517.50. B>/ Time s Special CHICAGO, July 30.—Greyhound Corporation directors have voted to pay all accumulated dividends on the 7 per cent preferred “A” stock, amounting to $15.75 a share, payable Aug. 1, to holders of record July 26. The accumulation covers nine quarters, the last previous payment being made April 1, 1932. In addition, the regular quarterly dividend of $1.75 a share on the stock will be paid for the third quarter, payable Oct. 1, to holders of record Sept. 21, making a total of $17.50 to be disbursed for each share.

D irect to CHICAGO WORLD’S FAIR GROUNDS S CSO Round Trip To Chicago Leave any day. Return limit 15 days. Good in coaches and Pullman cars. Reduced round trip Pullman fares. Greatly reduced fares for parties of 25 or more. Our all-expense tours save you time, money, worry and insure hotel accommodations $11.95 and up 5 FINE TRAINS at convenient hour* take you direct to the ground*—a few minute*’ walk and you are at the main entrance ~ For information amt CBservaf/on s cull 11} Afonumcnt Circla . Phona Riley 2443 BIG FOUR ROUTE