Indianapolis Times, Volume 46, Number 69, Indianapolis, Marion County, 31 July 1934 — Page 6

PAGE 6

Wall Street Fear Expressed That New Deal Means End of Huge Profits. BY R M.PII HF.NDERSHOT

Timn Special | lusnal Hritft DESPITE the fact that Its gross earnings in June were about 51. 000 .000 in excess of those for the corresponding month of last year, the Baltimore Ac Ohio railroad reports a drop In net returns of about $350,000 The company has sold a bond issue to a Wall Street banking bouse, and from all accounts it is

ilrndershot

With about SIOO 000.000 in the same quarter of 1033 Yet its net earnings for the period were about SIOOO,OOO less than last year. Consolidated Gas’ net dropped more than $4,500,000 in the second quarter-of this year in the face of a decline of leas than a million dollars in the amount of money taken in during the period in gross earnings. mam THE earnings of the three companies cited can not be regarded as a cross section of corporate j results in this country, and in all i probability the causes of their poor i showing in net results as compared with gross arc not the same. Yet ] students of industrial developments regard them as significant. Some go e\en so far as to say that they provide evidence that business is not going to be allowed to make big profits under the New Deal irre- 1 epective of the efforts corporate | managements put into their work. It is this type of fellow who has turned against securities in general and common stocks in particular. What does it matter, he asks, how many cars General Motors can sell if they can not turn a fair share of the proceeds of these sales into earnings? Suppose business does take a turn for the better—how is; that going to help the security i holder? ana XJ O practical man will argue i. w against the statement that profits and the hope of profits constitute the ignition system of the business machine. Common sense j tells us. and experience confirms the i fact, that the wheels of trade will not turn for long unless ample returns are held out as an inducement. But your correspondent has witnessed nothing in the New Deal to indicate that its sponsors have any idea of forcing our corporations to abandon their aim of reasonable profits. It is true they were asked to raise wages, but that was to meet an emergency situation, and it was hoped thereby to increase purchases and stimulate business. Moreover, it appears that steps are on foot to afford labor a more equitable proportion of corporate earnings, but it is conceivable that that might give stability to business. In the Cotton Markets —Jult 30— CHICAGO High Low Close Jinimrv 13 35 13 20 13.35 • March 13 50 13 33 13 48 October 13 23 13 02 13.17! December 13 33 13 15 13 31 ! NEW YORK January 13 32 13 15 13 31 March IS *5 13 20 13 15 Mav 13 52 13 34 13 51 i Juiv 13 57 13 3ft 13.57 October 13 15 12 90 13 13 I December 13 2* 13 0* 13 26 ; NEW ORLEANS January ............. 13 2* 13 10 13.27 March 13 42 13 22 13 42 Mav 13 48 13 30 13 48 October IS 12 12 91 13 11 I December 13 2* 13 05 13 24 N. Y. Coffee. Sugar Futures —Juiv 30— COrFEE Santas High. Low Close March 10 A3 10 *0 10 83 Mav 10 90 10 80 10 90 Juiv 10 95. g, r „ m(v . r 10 5* 10 45 10 s* December .......... 10.73 10 63 10 73 Rio March * 23 * 10 * 22 September ......... *OO .93 .99 December ........ *l3 *O3 8.12 sugar —Juiv 30— Hich Low Close January ................ I*l I*o 1.80 March I*s I*3 183 Mav 190 I*7 187 Juiv 194 HI 193 I sag :::::::::::::: l. 7 ? i3 Retail Coal Prices ITia tollcw.ns orlces represent ottotatlona from leadtne Indtanaooiis coal dealer* A cash dlwount of 25 cent* oer tor I* allowed Doneatie Retail Price* Antnractte *l3 54 Bran, turns 6OC Brartl eee 650 Brant mine run 5 Coke nut t;e 82c Coke '*< <tre *35 fnd.ana forked mmo 60° Indiana ee* 5 *5 Ker.tuekt turns * 00 Pocahon'a* iurro *2£ e* I*’ P.TCahor.ra* forked Ivm 9£o Foeabortas mtr.e run 7ti New River amoaeieas **o West Vtrwtcta turns 8.75 West Vtretnia egg 8.50 Island Creek 700 Extra charge of 50c a ton for wheeline eoal and *1 a ton for coal carried to bln AMERADA CORPORATION INCOME AT $496,457 Profit After C harges Equivalent to 64 Cents a Share. Bp T>m. t speetel NEW YORK. July 31—Amerada Corporation and subsidiaries report for the second quarter of the year a net income of $496,457. after all charges, including operating and administrative expenses. leases abandoned, taxes, deoreciation. depletion and drilling expense. This is equivalent to 64 cents per share earned on the net outstanding stock and compares with a loss of S3OB 095 for the corresponding period last year. For the first six months, net income on the same basis amounted to $1,021,456. equivalent to $1.31 per chare This compares with a loss of $5lO 033 for the first half of 1933. Quarter Profit Decline* Bp Times sjie.um CHICAGO July 31—Consolidated net profit of the Bendix Aviation Corporation in the quarter ended June 30 amounted to $756,205, equivalent to 36 cents a common share against $816,840 or 39 cents a share m the corresponding period last year.

STOCK VALUES DROP SLIGHTLY IN DULL TRADE Auto Shares Firm Despite Weakness in Other Groups. BY MAX BUCKINGHAM I mt.d Preu financial Writer NEW YORK. July 31—Stocks held fairly active today, with prices little changed from the previous close, turned dull and dipped slightly from the opening levels. Utilities were weaker than other groups. Consolidated Gas opened at 27 off \ point and within V* point of its low. Columbia Gas and United Gas Improvement made mall declines. Standard Gas. an exeeption, opened 1,!00 shares at 8, up Vi. United States Steel opened at 34’i off and eased further subsequently. Small losses were noted in such issues as American Smelting, International Nickel, Montgomery Ward, Sears Roebuck. Westinghouse Electric. Kennecott, Anaconda, Radio, Consolidated Oil, and Alaska Juneau. American Telephone and Western Union were easier in the communications. Automobile issues made small gains with General Motors at 26%. and Chrysler at 33%. Farm equipments firmed, as did some of the mils and special issues. A number of stocks, including Standard Oil of New Jersey, Texas Corporation, General Electric, United States Smelting and United Aircraft, were unchanged. There was nothing in the news to affect the market. Wall Street, however, was carefully watching the German situation, and there was said -to be a possibility of new fireworks in the mar net in the event of new developments now anticipated

not going so well. The gov eminent, however, has agreed to take up all the bonds which are not bought by investors. Gene r a 1 Motors reports net sales in the three months ended June 30 of more than $300,0 0 0.0 00, as eo m p a r e and

Money and Exchange INDIANAPOLIS BANK CLEARINGS —July 31 C carings $ 1.745 009 00 Debits 4 104 000 00 Cl<Mrings for the month 57 648.000 on Debits for the month 141.668.000 00 FOREIGN EXCHANGE IBv Abbott, Hoppin Sc Cos.) —July 30Close. Sterling Enei.ind *5 03', Franc. France 0659% Lira. Italv o*s7Va Belgias. Belgium 2345 Mark. Germany 3064 Guilder. Holland 6760 Pc?e'a, Spam 1367 Krone. Norway .2531 Krone. Denmark ,2250 Yen. Japan 2992 New York Bank Stocks —July 30— Bid. Ask. Bankers 60 60% Brooklyn Trust 88 91 Central Hanover 121*4 122% Chase National 24V* 24 s , Chemical 40 40'* National City 22% 22% Corn Exchange 48% Continental 11** 12’, Empire 17*. 18 1 * First National 1.540 1,555 Guaranty 336 338 Irving 15% 15% Manhatten * Cos 27% 28 Manufactures 18% 19% New York Trust 97’* 98% Public 30’ New York Trust 97% 98** Public 30** Treasury Statement 'Bv United Press) WASHINGTON. Juiv 31 —Government expenses and receipts of the current fiscal vear to Juiv 28. compared with the corresponding period of the previous fiscal year: This Year. Last Year. Expenses s 473.861.069 24 $259,107.800 84 Receipts .. 204.822 906.38 150.742,397.97 D-flc:: .. 260.038.262 66 108.365.402 87 Cash bal. . 2.450.310.894.31 Investment Trust Shares •By Abbott. Hoppin Sc Cos.) —July 30— Bid. Bank. American Bank Stocks Corp ..1.00 1.01 American Bank Stocks Corp.loo 1.01 American Sc General Sec A ..3 00 4.00 American Sc Inv Tr Sh 1.75 *.... Basic Indus Shares 2.80 2.90 British Type Inv Tr Sh ....... 30 .36 Collateral Trustee Shares A . 400 4.25 Corporate Trust Shares (old).1.80 184 Cotporate Trust Shares (new). 2 04 2.08 Cumulative Trust Sian res 3.45 3.55 Diversified Trust Shares A ...6 25 Diversified Trust Shares B ....6.75 . . Diversified Trust Shares C... 2.65 2.72 Diversified Trust Bhares D ....410 4.25 First Insurance Stock Corp 50 1.00 First Common Stock Corp 46 .56 Fixed Trust Oil Shares A 6.87 .... Fixed Trust Oil Shares B ....5,87 .. . Fundamental Investors Inc 1.66 1.86 Incorporator Investments 15.50 16.0 u Lank Bank Bond Shares 114 .. . Low Priced Trust Shares ... 470 480 Mass Inv Trust Shares 17.12 17.62 Nation Wide Securities -.2 88 2.92 North Am Trust Shares <53).. 1.69 Nor*h Am Trust Sh 155-561 ..2 07 221 North Am Trust Shares 1 58)..2 04 2.09 Selected Amercan Shares ... 2.21 Selected American Shares Inc . 1 02 .... Selected Cumulative Shares.... 587 .... Selec'cd Income Shares 305 .... Std American Trust Shares A. 2 62 2.70 T-ust Shares of America 252 2.57 Trustee Std Oil A 5 00 5 12 e Std OU B 4 53 U S Electric Lt Sr Pwr A 11.00 11 50 Universal Trust Shares 265 2.70 Daily Price Index Bv United Presst NEW YORK. Juiv 30.—Dun Sc Bradstreet daily weighted price Index of thirtv basic commodities, compiled for the United Pres* 1930-1932 average. 100*: Today mew 1934 high! 115 27 Friday 114 42 Week ago 115 17 Month ago 112 62 Year ago ijulv 311 101.59 1*34 high 'Juiv 3D 115 27 1-34 log iJan 3* 10195 Copyright. 1934. Dun Sc Bradstreet. Inc.)

Bright Spots Bv SQOotl Hoppin Sr Cos >

Houdaille Hershev Corporation and subl ines for six mor.’hs ended June 30. report a net profit of $725,800 after dpreciation federal taxes, as compared with a net loss of $32,000 in the first half of 1933. Croslev Radio Corporation in the Jane quarter shows a net profit of Si|rt.6oo a $ compared with a profit of SHM.tMJO for the corresponding period of last rear. Fairbanks. Morse & Cos. and subdiaries for six months ended June 30. announce a net profit of 522.223 after all ch3-ie* and taxes aeainst a net loss of 51.026.250 for the like period of a vear a so. U. DOLLAR STRONG London Gold Price Moves Down to $34.76' j a Fine Ounce. f*mfrd I’rrtt LONDON. July 31—The pound was $5.0311-16 today. Gold was $34 76% a fine ounce with the sterling rate 138 shillings one halfpennv. Yesterday's pound was $5 03 13-16. PARIS. July 31.—Francs were 15.17 to the dollar today i6.592 cents a franc). GUM AD RECORD" SET 524th Daily Wriglejt Insertion Appears in Today’s Times. A record for consecutive daily advertising is being set by the William Wrieley Jr. Company, with the appearance of that concern's 524th consecutive advertisement In The Times. Advertisements of the famous chewing gum manufacturer have appeared on the comic page of this newspaper every week-day since September, 1932.

New York Stocks “~~ -bi aooott. Hoppin & Coo

AYERAGE STOCK PRICES FOR MONDAY Net High. Low. Close, change. Thirty industrials 88.96 86.90 88.17 —.55 Twenty rails 35.54 34.55 35.16 —.31 Twenty utilities 20.21 19.45 19.88 +.02 Forty bonds •••• 93.76 -.13 Ten first rails 101.71 -.27 Ten second rails •••• 78.26 —.26 Ten utilities •••• •••• 98.12 —.17 Ten industrials •••• 96.96 -.34 -Off. -Up.

—July 31— Prev. Oil*— High. Low. 10 00. close. Amerada . * 42% Atl Rfg 22*. 22% 22'* 22 . Bamsdall ..... 6% 6% 6% *, Consol Oil *' *'a *’ ,§, Cont of D1 ... 16% 16% 16% }% Mid Cont Pet 10% 10% Ohio OU Phillips Pe* 1$ * Plymouth OU O'* ® 7 * Pure OU -I • 81x1 Oil 23 v Soc Vac 13% 13% 13. 13* S O of Cal 3} 32 S O of N J •‘I 1 * 41% Texas Corp . 22% 22 2T a 21.a Tidewater Assn Un Oil ol Cal 34% Steel*— Am Roll Mills .. 15% 15% 15% 15 Byers AM . ... ... 14% Col Fuel Sc Iron 4% 4 4 4 Cruc Steel if, 4 Inland S'eel 3 ®% Ludlum Steel _s 2 McKessport Tin. ... B ‘, Natl Steel 2 Rep Iron Sc St I ] 2 , 2 12 2 U S PiDe Sc Fdv •• 16% 36% u S steel : 34% 34*. 34% 34% U S Steel pfd 3 , Warren Bros ,j% 4 Youngs'n S Sc is * Motors—cmvsier " ::: '33% 33% Gen Motors 26H 26‘a 26Va 2(P 2 Gen Mot pfd 300% Graham Mot ••• i 4 Hudson ?.j 4 Marie Truck 23% 23% Nash W* Packard 3 , Reo , 2 * Yellow Truck 3 • Motor Access— Bendix 31% 11% Bohn Alum * ,h 2 Borg Warner :: u }*,| Briggs • * ,i‘ Budd Wheel j, .;, 4 Eaton Mfg „ 13% 2 Elec Auto Lite- 3°,* Houdaille “A” ••• 2 4 Mullins Mfg ,X 7 Mullins Mfg pfd Murray Body . ’3* Stew Warner 6 ,2 - 4 Timken Roll Timken Dct Axel 04 Mining— Alaska Jun 19% 19% 19% 19% Am Metals IL Am Smelt 32% 32% 32 2 3- a Anaconda 10 • Cal Sc Hecla ■ • 3 Cerro De Pasco 36% 36*. 36% 36 s Dome Mines ... 40% 40% 40/a 40 Granby ”, 4 Gt Nor Ore 4,. 8 * Homestake Min .. ••• 415 •• Howe Sound 4 2 - , 4 5Sf •* J;,* K.nStOU Cop'.' IT, 'I7H 17'.1 Mclntyre Mine . • 45/a 45 Noranda Cop ... 40',! 40V* 40% 40 Park Utah 2% Phelps Dodge .. • •~, J?. St Joe Lend ... 15% 15% 15% 15 * U S Smelters .. 124% 123% 124% 123 2 Vanadium l & 2 Amusements— Croslev Radio .. .. ••• 12% fox Thea „ •} Loews Inc •••„ e3‘/2 Radio Corp 5 4% 5 4 RKO 2Va 1% 1% 1% V/arner Bros 3 Tobaccos— Am Snuff 59% Am Sum Tub 16% Am Tob (A 1 .• • •• ■ , 70 % Am Tob 1 B . -75 Va 7a% 75'i 75% Gen Citjars ... ... SSV's 38’* Lig Sc Myers B 95 ?4% Lorillard ■ 16% Revnolds Tob B 44% 44'.* Bails— Atchison .. 50% 50% 501* 51** Atl Coast Lines.. . • 26% B A- 0 15% 15V* 15% lo" Can Pac 12% 12% Ch & Ohio 42% 42% Chi Sc Gt W 2% Chi Sc Gt W pfd 4% 4% C M Sc St P 3% C' M Sc St P pfd 4% Chi N W 5Va a% Chi N W pfd 10 Dela Sc Hud 38 Del Lac & W 14% Erie 12% Erie pfd 17% Grt North pfd 13% 13% 111 Central 15 15 K C Sou 7% Lehigh Valley 10% 10% Lou Si Nash 47% M K Sc T 5% Mo Pac •• ■ 2% Mo Pac pfd ... . 3% 3% N Y Cent 19% 19% 19% 20% N Y Chi Si St L 11 NY C A St L pfd * 21 NY New Haven .. ... 9% 9% NY Ont & West 5% Nor Pac 15V* 15 15 15% Penn R R 24 23% 24 24’s Sou Pac 16% 16% 16*8 16% Sou R R 13 12% Sou R R pfd 15% Union Pac • - 102% West Maryland Bt* 8% Equipments— Allis Chalmers. 11% Am Brake Shoe 22 Am Car Sc Fdy 13V* Am Loco . 16% 17 Am MBCh Sc Fdy 12% Am Steel Fdy 11% Bald Loro 7 7V* Bald Loco pfd 30 Burroughs ••• 11% 11% Case J I 38 Cater Tract 24 Deere Sc Cos 12% 12% Foster Wheeler 9 ',* Gen Am T Car .■ • • ■ 32 Gen Elec .. . 17% 17% 17% 17 ■* Gen R R Sir 29% Ingsol Rand 54 Int Harvester .... ... 25% 25% Natl Cash Reg 13% 13% Pullman Inc 43% Rem Rand * , Und Elliot 42% West Air B • • • 17 1 * Westineh Elec . 29** 29% 29% 29% Worthington P ... ••• 15 t'tilities — Am & For Pvr 51 8 Am Pov.er Lit . AT&T 107% 107% Am Wat Wks 75** 7% Brook Un Gas 60 Col G & El ? 9 Com & Sou 1% 15a Consol Gas 2i 27% Elec Pwr & Lit 4 3% E P Sc L pfd B'a 8% Int Hvdro Elec 3;s Int T Sc T *Va B'a Lou G & E A' 15 Nat Pwr & Lit , 8% North 12% 10% Par G Sc E 16% Peoples Gas 23% Postal Tel pfd 12% Pub Serv N J 31% 31% So Cal Edison 14 13% Std Gas 8 7% 7% i% Std Gas pfd <% Stone Sc Webster . 5% United Coro ... ,4 Un Gas Imp 14% 14% Ut Pwr & L *A) 2 2 Western Union 33 Rubbers— Firestone 15% Goodrich _? 9 Goodyear ... 20% 20 Kelly Spring 1% U S Rubber 12% 12% U S Rubber pfd 30 Miscellaneous— Am Bank Note.. •• Amer Can ••• •• 3‘2 Anchor Cap 14?4 14,4 Brfclyn Man Tr. 35% Conti Can ‘6% Crown Cork 22 Curtis Pub . . I<% Curtis Pub pfd <8 a Eastman Kodak .. ... 97% . Gillette 11 11% Glidden 21% 22 Inter Rapid Tr § Owens Bottle 65** Foods— Am Sugar 62% 64 Armour iA> 4- 4% Beatrice Cream'y 12% Borden Prod 24 s 24% Cal Packing . , 34% Can Drv G Ale . 14% 14% 14% 15 Coca Cola I.J Cont B:ik iAi ,5 Corn Frod 61 a Crm of Wheat .. ... 32 32 Cuban Am Sugar Grn Foods 29% 30 Gold Dust I<% l‘% G W Sugar 30% 30-a Hershev 62 Int Salt 27*. Loose Wiles 403. Natl Biscuit ... ■ .... • 3c% Natl D Prod-... 16 15% 15% 15■. Purity Bak S Porto Rico S 33% 33% Spencer Kellog . • • J® Std Brands 18% I*% 18% 1* 4 Un Biscuit 24 a United fruit 6. 66 a Wngley 63 Retail Stores— Assn Drv Goods .s** Best * Cos 29 First Natl Stores 61% Gim.bel Bros 2% Hehn Dept Sts 4 4 Jewel Tea 44 Kresge S *7* Kroger Gioc ;* a Macv R H 38% 38% Marshall Fields 10 9% Mav Dent St . . • 36 Mont Ward ... 22% 22% 22% 22;. Natl Tea *% Pennv J C 55% Safewav St Sears Roebuck 34% 34% Woolworth 47% 47% Aviation— Aviation Corp . 4% 4 4 4% Curtuc Wright. • •*. 2% 2%

THE INDIANAPOLIS TIMES .

Curtiss Wright A 8% 8 Dougiass Air 17 17% Nor Am Av 3% 3‘* Speerv Corp . . 7% United Aircraft. 14% 14% 14% 14 a Wright Aero ... ... 40 Chemieals— Air Reduction ' 96 Allied Chem 125 Am Com Alcohol 24*4 23% Col Carbon 61 62 Com Solvents . 17V* 17% 17% 17% Dupont 85 Va 85% Freeport Tex 27 *4 Liouid Carb 19% 19% Math Alkali 27 27 Montosonta Ch.. ... . 49% Natl Dis inewi . 17% 17% 17% 17% Schenlrv Dist .... ... ... 19 Tex Gulf Sulph . 31 % Union Carbide 40% 40! 40V 40% U S Ind Alco 35** Virg Ch 6% pfd 12 Drugs— Cotv Inc 4% , 4** Lambert 24** Lehn Sc Fink 18 Un Drug 1174 11% Zonite Prod 3% Financial— Adams Exp ... 6% 674 Allegheny Corp.. 2 174 ITa 2 Am Int Corp .... ... ... 5% Lehman Corp 65% Transamerica 574 5% Tr Conti Corp 3% Building— Am Radiator ... 10 7 4 10% 10% 10% Gen Asphalt 13% Int Cement ... ... 19% Johns Manville ... ... 42% Libby Owens Gis .. ... 277s 27% Otis Elev 14 13* Ulen Const. .. 1374 13 13% 13 Congoleum 2a% Kelvinator 12% Mohawk Carpet „ 13 Proc & Gamble ... Simmons Bed .... 97* Textiles— Am Woolen 7% 7% Bclding Hem ... . 10% Celanese Corp . 1874 18% 18*4 18:* Collins Aikman 10% 10-’* Gotham Rose ... .4% 4% Indus Rayon 21 21% Kavser Julius . • • 13% Real Silk 6% New York Curb (By Abbott. Hoppin Sc Cos.) —July 30— Close Allied Mills .... 6V*I Close. Alum Cos of Am. 50 I'Uram Walker . 22-)a Am Cvanide B' 1674 Bumble Oil 40 Am Gas &El . 22 Imperial Oil Ltd 137* Am Superpower 1% Hud Bay Min .. 13 Atlas Corp 7% Int Petrol 25% Brazil Tr & Lit 8% Lake Shore Min 51% Can Ind Ale 'A' 6% Lone Star Gas.. 4% Can Marc l% Newmont Min.. 4,% Carrier Corn .. 7% Nia Hue Pwr . 47* Cities Serv . 1% Pan Am Airways 32 Consol G of Bit 67 i Penn Road 2 Cord Corp 3 St Regis Paper 2*4 Creole Petrol... 11 % Sal Ck Products 5% Deere & Cos ..12'* Sherwin Wms .. 71 % Distillers Lim. . 21% Std of Ind 2574 Distillers Corp.. 10% Std of Kv ..... la Dow Chem 73 Technicolor Ind. 12'1 El Bnd & Sh... 15% Teck Hug Gold. 6% Fisk Rubber ... B'i Un Gas 2 Ford of Can A. 18'/aUn Pw & Lit A 2 Ford of Europe 6% Wright Har Min 9V* Gif Oil of Pa... 52%

Chicago Stocks

(Bv Abbott. Hoppin &*Co.i —July 31— High. Low. 11:00 Bendix Aviation 11% 11% 11% Borg-Warner 19% 18% 18% Butler Bros 7% 7 7 Chicago Corp com .. 1% Chicago Mail Order ... 9',a 9% 9% Cities Service 1% Cord Corp 3 Marshall Field & C 0... 9% 9% 9% General House Util ... 7% 7% 7% Great Lakes Dredge ... 14% 14% 14% Iron Fireman ... .13% Libbv-McNeil 4% National-Standard 24% Noblitt-Sparks Ind. Inc 11 Swift & Cos 16% 15*4 15 : % Swift International 30% 30% 30% Walgreen Cos. com 23% Zenith Radio 2%

Bond Prices

By Fenner & Beane —July 31High. Low. 10:00 All eg Corp 5s ’SO .. 27% 27% 27% AmA'For Pwr 5s 2030.. 50 AT&T db 5s ’65 . ...109% 109% 109% Atchison gen 4s ‘95 .. .. ... 103% B&O cv 4%s '6O 57 Brasil 6%s (26i ’57 .. .. .. 24% ChMS!P&P ad 5s A 2000 8% 8% 8% ChMStP&P rs 5s A ‘75 31 30!, 30% Cons Gas NY 4%s ’sl 103% Denmark 5%s ‘55 90% Erie RR rs 5s ’67 67 French 7s ’49 . 183% Goodyear 5s ’57 101 100*% 100*,* Gt Nor 7s A '36 90% 90 90 Interboro RT 5s ’66 Int T&T db 5s '55 57% MrKees&Robb 5%s ’SO 78*, 782*4 12% Nat Dairv db 5%s ’4B 98% 98% 98% PacGas&El 5s A ’42 106** 106% 106*, Penn RR 4%s D ’Bl - - 97 96% 96% Poland 7s ’47 113% Sin Cons 6%s B 38.. • 104% Texas Corp 5s '44 .102% 102% 102% Tob Pr NJ 6%s 2022 105% 105 105% Un Pac Ist ’47 107% US Rubber 5s A ’47 83 Western Un 5s ’sl 83% Ygstwn S&T 5s B ’7O 85V* U. S. GOVERNMENT BONDS By United Press NEW YORK. Juiv 30 —Closing liberties. (Decimals represent thirty-seconds). Liberty 3%s (32-47) 103.31 First 4V*S (32-47) 102.24 Fourth 4%s (33-38) 103.18 Treasury 4%5-3%s (45) 103.13 4% s (47-521 113.8 3%s (43-47) 104.13 3%s (41-43) March 104.25 3%s (40-43) June 104.21 3'ls (431 104.20 3%S (46-49) 102.22 3s (51-55) 101.20 FEDERAL FARM LOAN BONDS —July 30— , Bid. Ask. 4s July 1, 1946-44 99** 100% 4s Nov. 1. 1957-37 99% 100% 4s Mav 1. 1958-38 99% 100'* 4%S July 1. 1956-36 99% 100% 4%s Jan. 1. 1957-37 100 100** 4%s Mav 1, 1957-37 100 100% 4%s Mav 1. 1957-37 100 100** 4% s Nov. 1. 1958-38 100% 101% 4%s Mav 1, 1942-32 100 100% 4%s Jan. 1. 1943-33 100 100% 4%s Jan 1. 1953-33 99’* 100% 4_%s, July 1. 1953-33 99% 100% 4%s Jan. 1. 1955-35 100 100% 4%s Jan. 1. 1956-36 100% 101% 5s May 1. 1941-31 100% 100% —Home Loan—--3s Mar 1. 1952-44 100.06 100.12 4s July 1. 1951 100.10 100.16 —Federal Farm Mortgage Corporation—--3% s March 15. 1964-44 101.16 101.28 3s Mav 15. 1949 100.02 100.10 The latter three quotations are in thirtyseconds.

REPORT GROSS INCOME FOR FIRST SIX MONTHS American Business Shares, Inc., Announces 52T.849 Total. By Times Special NEW YORK. July 31.—Report of American Business Shares, Incorporated, for the six months ended June 30, shows total income of $27,849, including $27,622 cash dividends from domestic corporations and $227 proceeds from sale of stock dividend. Net income from investments after all expenses, but before federal income taxes, totaled $16,143. Net profits from sales of securities during the period, after provision for federal income tax and for reserve for excess of cost of investments over value based on current market quotations, and including unappropriated net profits from sales of securities as of Jan. 1, totaled $39,517. Unappropriated net profit from sales of securities on June 30, after appropriations for distribution, totaled $16,532. Total assets are shown as $1,557,063 on June 30, compared with $1,095,406 on Dec. 31. 1933. Acquires Controlling Interest By Times Special NEW YORK. Juiv 31.—The New York Stock Exchange has been notified that the control of the Indian Refining Company has been acquired by the Texas Corporation through the purchase of 1.140.590 shares of the total 1,270,207 outstanding shares of the Indiana company.

PORK MARKET STEADY TO 5 CENTSHIGHER Cattle Prices Strengthen: Vealers Strong at $5.50 Down. With exception of underweights remaining unchanged, the general run of hogs moved around 5 cents higher than yesterday's average in early trading at the Union Stockyards this morning. The bulk of 160 to 200 pounds was selling at $4.55 to $4.75, while heaviest kinds weighing from 200 to 300 pounds, sold at $4.80 to $4.90. Initial top held at $4.95. Regular run of lightweights, scaling 130 to 160 pounds, brought $3.15 to $3.75. Smallest grades ranging from 100 to 130 pounds, were salable at $2.25 to $2.75. Packing sows cashed in at $3.50 to $425 Receipts were estimated at 8,000; holdovers, 342 With mostly a lightweight steer run on hand in the cattle market, the undertone held steady to strong. Bulk ranged from $6.75 to $8.25. Top held at $9 for a few grades estimated to weigh 1.275 pounds. Initial sales on she stock were strong to slightly higher than the previous close. Choice heifers held above $6.50, while early sales were quoted at $4.25 to $5.65. Cows sold at $2 to $2.50. Low cutters and cutters brought $1 to $2. Receipts were 1.800. Practically all classes of veals moved around 50 cents higher than yesterday's average. Bulk ranged from $5.50 down. Receipts numbered 700. Only a slight change was displayed in the lamb market, and most clases remained fully steady. Good ewe and weather grades brought $6.25 to $6.50. Bucks were discounted sl, while throwouts sold at $4 to $5 25. Slaughter sheep were salable at $1 to $2.50. Receipts were 1,000. Livestock trading continued at a standstill again today at the Chicago stockyards, while handlers resumed their strike.

July Bulk. Top. Receipts. 25. 4.so'fi’ 4.65 $4.70 4.000 26. 4.7502 4.90 4.90 3.000 27. 4.95(3 5.00 5.00 4.500 28. 4.85(3 4.95 5.00 4.000 30. 4.603) 4 30 5.00 6 500 31. 4.55@ 4.75 4.95 8.000 Market, Lower (130-160) Good and choice $ 3.50® 3.75 —Light Weights—-(l6o-180) Good and choice.... 155® 4.65 (180-200) Good and choice.... 4.70® 4.75 —Medium Weights—-(2oo-2201 Gpod and choice.... 4.80® 4.85 (220-250) Good and choice.... 4.85® 4.75 —Heavy Weights—-(2so-290) Good and choice.... 4.80® 4.85 1290-250) Good and choice.... 4.70® 4.30 —Packing Sows—(2so down) Good 3.90® 4.25 (250 lbs.) Good 3.75® 4.10 (All weightsi Medium 3.50® 3.90 —Slaughter Pigs—-(loo-130) Good and choice.... 2.25® 2.75 CATTLE Receipts, 1,800; Market, Steady Good and choice $ 6.50® 8.75 Common and medium 3.00® 6.50 U.IOO-1,500) Good and choice 7.00® 9.00 Common and medium 5.00® 7.50 (550-7501 Good and choice 5.00® 6.'75 Common and medium 2.00® 5.00 (750-9001 Good and choice 5.00® 7.00 Common and medium 2.00® 5.25 —Cows— Good 2.75@ 3.50 Common and medium 2.00® 2.75 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, 700; Market, Higher Good and choice $ 5.00® 5.50 Medium 3.50® 5.00 Cull and common 2.50® 3.50 —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 (800-1.500) Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 1,000; Market, Steady Lambs, 90 lbs. down, good and choice $ 6 00 ® 6.75 (90-110 lbs.) Good and choice 5.75® 6.50 (90 lbs. down)’Com. and med 4.00® 5.50 —Ewes— Good and choice 1.75® 2.50 Common and medium 50® 1.75 Other Livestock (By United Press) FT WAYNE, Juiv 31—Hogs—Steady: 250-300 lbs., $4.90: 200-250 lbs.. $4.75; 180200 lbs.. $4.55; 300-350 lbs., $4.60; 150-160 lbs.. $3.40: 140-150 lbs.. $3.95: 130-140 lbs.. $3.20; 120-130 lbs.. $2.70; 100-120 lbs.. $2.40; roughs. $3.50; stags. $1.75. Calves—ss.so: lambs, $6. LAFAYETTE. July 31.—Market steady. 200-300 lbs., $4.750/4.85: 180-200 lbs.. $4.60 (a 4.65; 160-180 lbs., $4.45®.4.55: 140-160 lbs.. 53.250, 3.50; 100-140 lbs.. $2,100/2.90. Roughs. $4 down. Top calves, $4.50; lambs, $6 down. (By Times Special) LOUISVILLE, July 31.—Cattle—Receipts. 150: demand fairlv broad for most classes of slaughter cattle: trading fairly active, strong to 25c higher than Monday on steers, heifers and cows; early bulk common to medium steers and heifers. $3 25® 4.75: a few grassy cutter grades down to around $2.50: bulk beef cows. $2,500/3; good kinds and smooth heifers types eligible to around $3.50; low cutters and cutters mostlv $lO/2.25; sausage bulls mostly $3 down: Stockers very scarce, quotable fully steadv. Calves—Receipts, 300: strong active market on vealers; better grades, $4 to mostly $4.50; a few strictly choice handy weights. So; medium and lower grades. $3.50 down. Hogs—Receipts .100: market, steadv: 210-300 lbs. weights. $4.85; 180-205 205 lbs.. $4.65; 305 lbs. up. $4.15; 160-180 lbs.. $3.85: 145-155 lbs.. $3.50; 120-140 lbs.. $2.10: sows. $2.60. Sheep—Receipts 1.700; including 248 fresh stock ewes; lambs, market not fully established, sellers generally asking 25c or more higher or mostlv s6c<( 6.25 for better truckedm ewes and we“ers and up to $6.75 for choice strong weights; fat ewes, mostly sl®2; stock ewes slow, mostlv steadv bulk 65.50 3 7.50 a head; choice young ewes. $8 25. Births Girls William and Bessie Owens. 821 Bradshaw. Victor and Rose Pickett, 265 North Addison. Edward and Lottie Dorsev, city hospital. Ralph and Mary Haymaker, city hospital. Braunis and Nelile Nickpon, city hospital. Louis and Ruth Jacobs, city hospital. Charles and Julia Colson, city hospital. Hubert and Dorothy Bramblet. Coleman hospital. Ralph and Ruth Fendiev. Coleman hospital. Frederick and Oneita Forler. Coleman hospital. Perrv and Dorcas Paagett. Coleman hospital. Oscar and Marie Proctor. Coleman hosp.ta! Raiph and Mildred Hodman. Coleman hospital. William and Lorr.a Smith. Coleman hospital. Bos Ralph and Reba Condon, 2025 South State Howard and Vera Smith. 6020 Dewer. Steve and Marv Follak. citv hospital. Horrie and Dorothy Workman, city hospital. Lebert and Ludel! Garrett, citv hospital. Forrest and Edna Lipp. citv hospital. Edward and Marv Allowav. citv hosiptal. Guv and Helen Belcher. Coieman hospital Charles and Alma Brinkman. Coleman hospital. Elmer and Lott.e Plorian. Coleman hospi’al. V:-non and Mxhala Stumph. Coieman hospital. Income Totals 52,377,3 R By Times Special CHICAGO. July 31.—Net Income of the Consolidated Oil Company and subsidiaries for the six months ended June 30. totaled $2,377,312 after taxes and charges. The company did not reveal the income for the first six months of 1933.

U.S. Takes New Steps to Recover Foreign Trade

U. S. CONTINUES LEAD IN CARS REGISTERED Automobile Registrations Decline 1.2 Per Cent in 1933. Btj United Frt* WASHINGTON, July 31.—The United States continued to lead the world in automobiles registered Jan. 1. 1934, despite a 1.2 per cent decrease during 1933. while other nations reported increases, the department of commerce said today. Worldwide automobile registration at the beginning of 1934 was 33.562.059. The world average is one automobile for every sixty persons, while the United States ratio is one every five. The United States on Jan. 1 had 24,057.027 registered automobiles; France, its nearest rival, 1,890.174. Other leading countries were England, 1.471.032; Canada. 1,051,231, and Germany, 690,000.

COLGATE PROFIT RISESSHARPLY Earnings in Six Months Up 215 Per Cent Over Previous Year. B’l Times S/irrial NEW YORK, July 31—The report of Colgate-Palmolive-Peet Company and subsidiaries, for the six months ended June 30, made public today shows net profits of $2,416,887, after all charges and provision for taxes, an increase of 215 per cent over the same period last year. This is equal, afier preferred dividends, to 84 cents a share on the 1.999,970 shares of no par value common stock outstanding, and compares with net profits of $765,120, or a fraction of a cent a common share earned during the corresponding period of 1933. Net sales of $37,081,211 represent a gain of 18.7 per cent over the first six months of 1933. The balance sheet as of June 30 shows a current asset ratio of 6.19 to 1. Current assets stood at $40,392.452, of which $16,146,111 consisted of cash and marketable securities, an increase of $3,434,997 for the six months’ period. Net current assets equaled 137 per cent of the total preferred stock outstanding. Net working capital of $33,861,912 represents an increase of $2,168,501 for the period. Improved collections during’ the last six months brought about a more favorable ratio of accounts receivable to sales, says the report.

On Commission Row —Juiv 31Quotations below are average retail prices being offered to buyers bv local commission house dealers. Apples—Fancy Delicious 52.50: Transparents, $1.50®2. Peaches, Georgia. Elbertas, bushel. $2 @2.50. Oranges—California Sunklst. [email protected]: 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, 10®15c. Cabbage—Home grown, bushel. 65@75c. Celery—Michigan, at boxes. $1.25: medium. doz, 45c. Onions—California yellow. 60-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. 85c; 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 (By United Press) CHICAGO, July 31.—Fruits and vegetables: Apples—Michigan transparents, bu.. [email protected]. Cucumbers—lllinois, bu., sl® 1.50; Maryland. $2®2.25. Tomatoes—Tennessee. lug boxes. [email protected]. Sweet potatoes —Tennessee, bu., $1.50; Alabama. $1.50. Mushrooms—lllinois, lb., carton. 20® 40c. Peaches—Georgia, bu.. $2®2.25. Lettuce — California, crate. $4 75©5.75. Beans—lllinoise. green and wax. bu.. [email protected]. Cabbage—lllinois, crate. S2O/2.25; Wisconsin, $2.25(5 2.50. Cherries—Michigan. 16 at., red. sour. sl# 1.25. Canteloup—lndiana, crate, 50f/ 75c. Cauliflower Wisconsin, crate. $1.50® 1.60. Corn—lllinois, sacks. 5 doz., yellow, 25®60c. Peppers—lllinois, bu.. 51.75. Carrots —California, crate. $1.50®2; Illinois and Ohio, bunch. 30c. Onion market: (50lb. sacks). California —Yellows. *lO/1.10; California, whites, $1.75; Washington. Valencias. [email protected]; lowa, yellows. 75c. Produce Markets Delivered in Indianapolis prices; Heavy nens. 10c Leghorn hens. 7c 1934 broilers, 2 lbs. and over. 15c. Leghorn broilers 1% to 2 lbs. and over 13c bareback broilers lie; old roosters. 4c: ducks and geesp > 3c; young 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 by Wadlev Company. (By United Presst CHICAGO. July 31.—Eggs—Market, firm; receipts 4.078 cases: extra "firsts, 17* 4 c; fresh graded firsts 17%c; current, receipts. 14® 15%c; dirties. No. 1. 13%c: No. 2. lie; checks. No. 1. 13c; No. 2. 11c. Butter— Market, firm; receipts. 15.873 tubs; firsts (90-91% score'. 23%®23%c; extras (92 score), 24%c: firsts (22-89% scorei, 22® 22**c. seconds (86-87% score'. 20%®21c; specials, 255 25%c; standards. 24%c. Poultry Market, steady; receipts 15 trucks, 6 cars due; fryers, 13®.18c: White Rock. 16c; broilers, 13c; spring geese. 10c; turkews. 14c; old roosters. 9c; hens. 10%c; Leghorn hens. ll@12c; black chick% 10® 12c; cocks, 8c; Leghorn cocks. 9c; barebacks, 13c; colored springs 165 20c; ducks, 8© 10c. Cheese—Twins. 11%® 12c; daisies. 12%©12%c; longhorns. 12% @ 12 %c. Potatoes—Supply moderate; demand good; market stronger; Virginia cobblers, *1 50® 1.60: slightly decayed, $1.35; Idaho Triumphs, $2.25 Idaho Russets, $1.75; Virginia barrel Cabblers. $2 40® 2.50 Arrivals, 43. on track, 192; shipments. 212. CLEVELAND, July 31.—Buter market firm: extras. 28 %c. Eggs—Market, firm; extra white. 18c: current receipts. 15c; ordinary firsts, 13c. Poultry—Market steady: colored fowl, 4% lbs and up. 14%c: old roosters. 10c: ducks, white. 5 lbs. and up, 14c. Potatoes—Firm; $2,105 2.25 a bbl. NEW YORK. July 31.—Potatoes—Steady Long Island. 60c®51.50 bbl.: New Jersey, 50c551.50 bag: Southern. Sl® 1.50 bbl : Maine. Sl® 1.15. Sweet Potatoes—Quiet; Jerscv basket. 75c®$1 25; Southern basket, 95® S2 75. Flour—Firm: springs: Patents. $7.70@7 95 bbl. Pork—Firm. Mess—sl9.7s bbl.; tax not included. Lard—Firm; Middle West Spo*—S4 85® 495 a 100 lbs.; tax not included. Dressed Poultry—Duil; turkevs, 12®35c; chickens B©26c; broilers. 16® 23c canons. 25® 35c; fowls, 8® lie; ducks. 12® 14c; Long Island ducks, 12® 15c. Live Poultry—Steadv: geese. 7c: turkeys. 10© 15c: roosters. l'0@llc: ducks. 8© 10c; fowls. 9® 15c: broilers, 12® 24c. CheeseFirm: state whole milk fancy to specials. 13® 19c. Young America. 13%®13*c. Butter—Receipts, 17.229 packages: market, firmer; creamcrv higher than extras. 25% ©26%c: extra '92 score . 25%c: firsts (90 to 91 scorei. 24%©25c: first 'BB-89 scorei, 23©23%c: second? 22®22%c. Eggs—Receipts 25.051 cases market, steady: special packs including unusual hennery selections. 21%©24'ac: standards, 20%©21c; first 18® 18%c. seconds. 16'-c mediums. 16c; dirties. 16c: checks. 14® 14%c. Authorize Note Issue * By United Press WASHINGTON. July 31.—The interstate commerce commisison today authorized the Baltimore & Ohio Railroad to issue and sell $50,000,000 of five-year, AH per cent notes, and to pledge $3,800,0000 in securities as part of the security.

Government Bank Activities to Cover Exports to Most Countries. BY RICHARD L. GRIDLEY United Pres* Financial Correspondent WASHINGTON. July 31.—New steps to recover part of America's $13,500,000,000 foreign trade now shrunk to $3,000,000,000 were taken by the federal government today with expansion of facilities of its second export-import bank of Washington. Activities of the government bank. George N. Peek, its president, revealed today, have been extended to coer exports to all countries of the world except the Soviet Union where activities are being handled by the first export-import bank. The financing program is closely associated with the administration's reciprocal trade agreements now being negotiated with several foreign countries. In addition to ar. expansion of the second export-import bank, peek disclosed that credit risks as high as 75 per cent may be shared with American exporters of fabricated goods in financing sales abroad. Interest Rates Van' Operations of the bank, a government organization with an unlimited supply of government cash. Peek indicated, would “put American nationals on the same competitive basis with those of other countries in seeking outlets for their goods.” Exporters desirous of securing government credit aid are to operate through regular banking channels which in turn will submit proposals to the export-import bank, which may make available credits running fro mless than 180 days to five years at varying interest rates Peek said about 1,200 inquiries, mostly from Americans, have been received by the bank. These involve sale of merchandise to twentysix foreign countries. He refused to comment upon the prospective business, the nature of the commodities to be sold or exchange, nor the countries of their destination. Barter arrangements similar to the recent exchange of American wheat for Brazilian coffee might be made. Peek said, but the principal consideration in financing of exports will be the credit of the exporter and the security for the transactions. Share Credit Risks ‘‘The main emphasis in the new work of the export-import bank,” Peek said, "will be on financing the seller in this country. We will, wherever possible, supplement the activities of existing export and import credit facilities rather than compete with them. “In exceptional cases of fabricated articles we are proposing to share in the credit risks on a basis in no case exceeding 75 per cent of the total credit or the net delivered costs, whichever is lower; but we will consider each case separately. “Finally, I would remind the public at large that the operation of this bank will be carried on in line with a definite knowledge, in so far as we are able to obtain it. of the current incoming and outgoing accounts of the United States. I believe in assisting our foreign trade, but I also believe in making sure we get paid for it.”

PROFIT REPLACES LOSS Y’ellow Truck and Coach Company Sales Total $14,718,229. By Times Special PONTIAC. Mich., July 31.—“ Net sales of Yellow Truck and Coach Manufacturing Company for the six months ended July 30 were $14,718,229,” Paul W. Seiler, president, announced. Net profit after provision for depreciation and federal income taxes was $72,394. In the six months ended June 30, 1933, the company reported a net loss of $1,188,331. The quarter ended June 30 showed a net profit of $265,079. This compares with a net loss of $120,350 in the second quarter of 1933. Marriage Licenses Orville Roberts, 22. of 1219 North Tremont street, fence company, and Katherine Williams. 21. of 1418 North Tremont street, housekeeper. Walter Leaman. 19. of 608 Lexington avenue, case employe, and Auby Roler. 18 of 526 South Keystone avenue, stenographer. William Schweickhardt, 29. of 347 East Westfield boulevard, salesman, and Hazel Rutledge, 25. of 2616 Guilford avenue, housekeeper. Howard Price. 28. of 2502 North Harding street, knitting operator, and Erma Patrick. 26. of 2462 North Capitol avenue hosiery worker. John Christenson, 41. Chicago, carpenter, and Pearl O'Neill. 46. of 3726 North Meridian street, housekeeper. Robert Sommers. 21. For* Knox, soldier, and Helen Miller. 20. of 1230 Centennial street, waitress. Marvin Bailey 21. Frankfort, farmer, and Marv Kern. 19. of 4801 North Pennsylvania street, housekeeper. Herschel Wiggins. 30. of 2256 Indianapolis avenue, mechanic, and Dorothy Davis. 18. of 2257 Indianapolis avenue, housekeeper. Frederick Manker. 32. of 4129 Rookwood avenue, printer, and La Verne Bushnell 28. of 112 East Thirtieth street, bookkeeper. Theodore Abe!. 27. of 2358 North Talbot street, accountant, and Margaret Branson, 22. of 5531 Central avenue, housekeeper. Henry Stork 20. of 964 North Belle Vieu place, metal worker, and June Backenbaugh. 18. of 705 East Thirteenth street, housekeeper. Rudolph White, 32, of 135 Harrison avenue, core maker, ar-i Margaret Beckley, 22. of 133 Kappes s‘ it, typist. Kenneth Gillum, 2i>, of 1575 Dudley avenue, truck driver, a.id Anna Donahue. 26. of 1214 South Talbot street, garment worker. Robert Dole. 23, of 1432 Bellefontaine street, truck driver, and Leota Elmore. 22. of 1432 Bellefontaine street housekeeper. John Fischer. 22, Dayton. O . tool maker, and Anna Jones, 22. of 4611 Broadway, houseworker. Louis Peters 35, South Bend, metal finisher. and Jessie Leavitt. 35. of 1126 Lincoln street, beautician Bennett Hirsh. 26. Spink-Arms, federal employe, and Cecelia Leiderman, 22, SpinkArms. housekeeper. Robert Lucas. 20, Drucilla apartments, no occupation, and Florence Miller. 19. of 806 North Hamilton avenue, housekeeper Walter Price. 25, of 5413 English avenue truck driver, and Mabel Monday. 19. of 5443 English avenue, housekeeper. Msurice Stonebreaker 21. of 1710 Hall place, laborer, and Myrtle McDade. 19, of 142 West Twentieth street, housekeeper. Van Carter. 26. of 1725 South Kevstone avenue, spring maker, and Mary Pultze, 24. of 1725 South Keystone avenue, housekeeper. Sidney Stern. 27, Gallipolis, 0., U. S army, and Reva Rudy. 27, of 3053 Central avenue, stenographer. Harley Powell. 22. New Augusta, farmer, and Louise Sowers. 20. Castleton, housekeeper. Maurice Zapfe. 21, Greensburg mechanic. and Thelma Scott, 22. of 2433 South Meridian street, houseworker Charles Pettit. 24. of 2408 College avenue, salesman, and Anita Simpson, 23, of 2408 College avenue, telephone operator Garreli Bastin. 23 of 1715 Ludlow ’• enue, creamery emp.oye. and Marguerite Teeguarden. 22 of 1219 East Michigan street, machinist Robert Patterson. 25. of 61 Bell street, tool maker, and Mary Varwig 24. of 1016 East Raymond street housekeeper. James Hancock. 21. of 1318 Spann avenue, ditch setter, and Lillian Wheeler. 19. of 615 Virginia avenue, housekeeper Jim Reynolds. 27. Spink-Arms. federal employe and Virginia Wilson. 24. SpinkArms. teacher James Randle. 57. of 91* North West street, hotel man. and Fannie Young. 60. of 916 North West street, housekeeper.

JULY 31, 1934

WHEAT PRICES MOVE DOWN ON WEATHER NEWS Relief From Intense Heat Creates Selling in Grain Pits. BY HARMAN NICHOLS I'nitrri Prfss SUIT Uorrr*non<lfnt CHICAGO. July 31. —Cooler temperatures over most of grain belt brought about slightly lower prices for wheat futures at the opening of the Chicago Board of Trade today Wheat started unchanged to 1% cent lower, corn was % to % cent off. oats were unchanged to up % and rye was off % to % cent. The com belt was relieved of the intense heat and there was numerouse resting orders to sell for profit at the start. Rains were reported in parts of Canada. Cables from Liverpool revealed the market reacted on heavy liquidation. Chicago Futures Range Juiv 31— Prfv, lYhrat— Hieh. Low. 10 00 c!o*' Juiv 1 00'* 99% 1.00% 100 . Srpt 102 101 >, l 01'.. Dec 1.04 1 03% 1.03% Corn— Jlllv 67*, ,67% 67 % .68 Sopt. . 69% .69 .69% .69% Dec 72*. .72 .72% .72** Oats—.Juiv .. . . .. .46% Sept. ... 46', .48 .46 Dec 47% .47% .47% .47*, Rve— Juiv . .. . * .74'i Sent 74% .74 .74* .76% Dec 76% .75% .75*, .76*, Bariev— July 64 Sept 59% CHICAGO PRIMARY RECEIPTS —July 30— Bushels Todav Last Week Wheat 584,0(10 780, enn Corn 673,000 622.000 Oats 149.000 236 000

Cash Grain

INDIANAPOLIS —July 30— The bids for car lots of (train at the call of the Indianapolis Board of Trade f. o. b.. shipping point, basis lT'jC to river, were: Wheat—Strong: No. 1 red. 93 ii 04c; No. 2 red. 924593 c: No. 2 hard. 924/93c. Corn—Strong No.: 2 white.63's6s'-c: Mo. 3 white. 654;65*2c: No. 2 yellow. 64 u fi-i' 2 c: No 3 yellow. 63 45 63'/c: No 2 mixed. 63 4763* 2 c; No. 3 mixed 62'®62’.>c. Oats—Firm; No. 2 white. 44'ii43c: No. 3 white. 4345 44c. Hay—Steady; (P. o. b. country points taking. 23*,2C or less rates to Cincnnat or Louisvillet. No. I timothy. sl3® 13.30. —lnspections Wheat—No 1 red. 3 cars: No 2 red 11 cars; No. 3 red. 4 cars; No. 1 hard. 5 cars: No. 2 hard, 2 cars; No. 3 hard 2 cars: No. 1 mixed. 1 car. Total, 28 cars. Corn—No. 1 white. 1 car: No. 2 white. 5 cars: No. 3 white. cars: No. 4 white. 5 cars: .No, 2 vellow 18 cars: No 3 yellow'. 19 cars: No. 4 vellow. 5 cars; No. 5 vellow 1 car Total. 62 cars. Oats—No. 2 white. 4 cars: No. 3 white. 24 cars: No. 4 white. 4 cars; sample white. 1 car: No. 1 mixed. 1 car. Total. Rye—No. 1. 3 cars: No. 2, 1 car. Total, 4 cars. Local Wagon Wheat City grain elevators are paying 89 cents for No. 2 soft red wheat. Other grades on their merits. (By United Press) CHICAGO. July 30. —Cash grain Wheat —No. 2 dark. $1.05V 4 : No. 2 red. sl.Ol feu 1.02*2; No. 3 red [email protected] 3 4 ; No. 4 red. 99 3 c©sl 00'i: No. 1 hard. $105; No 2 hard. si:o3Vi 451.05; No. 3 hard. $1.0345’ 1.04; No. 4 hard, sl.ol'.j V 1.02la; No. 1 vellow hard, ll.Oo'.i; No. 2 hard tough SI 02 ; No. 1 mixed, $1.03' .® 1 04: No. 2 mixed. $1.01411.04*N0. 3 mixed. $1.00*:• 1.02: No. 3 red. garlicky. 97Vic; No. 4 red. garlicky. 5747,57V 2 . Corn—No. 1 mixed. 70c: No. 2 mixed. 70c; No. 3 mixed. fiS'hc: No. 2, 6847 70V,c: No. 3 vellow. 68476934 c: No. 6 vellow. 65®67c: No 2 white 70c, sample grade, white. 62c. Oats—No. 2 white, 47’,4 4’47 3 4 c: No. 3 white. 44® 47c: No. 4 white, 42 * 247.45 * 2c; sample grade, white. 40-< 43*2C. Rye—No. 2. 73* ,c. Barley—Sales. 65 4776 c: quotable. 5847900. Timothy—slo7s 4/1125. Clover seed—slo.7s4/14 75 Cash provisions —Lard. $7.25: loose. 56.77: leaf. $6.72: Bellies $10.12.

TOLEDO. July 30.—Grain close: (Grain in elevators, transit billing). Wheat —No. 2 red. $1 03* .■ 4> 1 04' 2. Corn—No. 2 vellow. 73'.i<fi74 , .iC. Oats—No. 2 white. 49’ 2 4? 50* jc. Rve—Nn. 2. 7745:78c. (Track prices. 24*20 rate). Wheat—No. 1 red. 99tic4/ $1: No 2* red. 98*'4/99 ,: 2C Corn—No 2 yellow. 69 1 a 4i7oc: No. 3 yellow 68>,24/ 69c: No. 4 yellow. 67*24J68c. Oats—No. 1 white. 4845 50c: No. 2 white. 46®48c; No. 3 w'hite. 44®:47c. ST. LOUIS. July 30—Grain close: Wheat—ln good demand. 1 to 2*sc higher on red and 1 to 2c higher on hard: No. 2 red. 983ic®$l: No 3 red. 98 Vic'S $1: No. 2 red garlicky. 954795* 2C; No 3 red garlicky. 954595'ic: No. 5 red garlicky. 94* 2 c; No. 2 hard. $1.05451.05*5c: No. 4 hard. $1.03; No. 2 light garlicky. 97 3 4 4i> 99c; No. 3 light garlicky. 97*.c: No. 1 mixed. $1 00’ 2® 1 04’i: No. 2 mixed. sl. Corn—ln fair demand. No. 2 vellow. 714// 71’ic: No. 3 vellow'. 71c: No 4 yellow. 70*2c: No. 2 white. 74*54/73c; No. 3 white 73*5c: sample grade white 63c. Oats— In fair demand, one steady; No 2 white, 45'ic: No 3 whites. 45c: No. 4 white 43* 4/44c: No 2 mixed. 45 3 4 4/ 460: No. 3 mixed. 44*24/ 45'ic: sample mixed. 41%c. Rve—No 2. 83c. PROFITS DROP SHARPLY Corn Refining Firm Earns 59 Cents a Share in Six Months. By Time* Special NEW YORK. July 31.—American Maize-Products Company (corn refiners) reports for six months ended June 30, net profits of $177,819 or 59 cents a common share after depreciation, provision for taxes and all other charges, compared with $462,476 or $1.54 a share for the corresponding period last year. Total current assets were $3,956,669 including cash of $1,317,588 and bond investments of $1,183,766, based on market values as of June 13 of this year. Current liabilities were $318,289. • Deaths Edward J. Dolan. 52, of 32 Caven. pulmonary tuberculosis Emma E Funke 42. of 249 Trowbridge, chronic myocarditis. Elizabeth Veregge, 58. of 6420 Cornell, coronary embolism. Sarah J. Elmore, 62, of 602 Drake, chronic myocarditis. Margaret Cowan 58. of 1048 Fayette, chronic endocarditis. Mamie Bowles, 29, of 313 Toledo, arteriosclerosis. Thomas Stanley Hughes. 2 months, city hospital, acute enteritis Joseph Ruppel. 78. of 246 North Gray, chronic myocarditis. Anna S. Weber 93, of 3507 Orchard, cerebral hemorrhage Katherine Craii, 99. of 843 South Belmont. cerebral sclerosis William Dobbin. 62, of 2266 Eastern pulmonary tuberculosis. Sandy Henry. 64. of 2028 Ralston, acute myocarditis. John Finnerty. 69, of 520 East Vermont, chronic interstitial nephrit: Floyd ffenry Lovell, 9 months. Riley hospital, enteritis. Virginia Lee Alexander, 6 months. Riley hosiptal. spina b-fida. Eva Alena Schtiving. 58. of 1035 Harlan. uremia. America Scott Skelton. 70. of 2914 Carson gastro enteritis. Mary Thrift. 64. of 1420 Brooxer. cerebral hemorrhage Marv Stevens. 72. city hospital, heat exhaustion Louis W. Kindel, 52. city hospital, broncho pneumonia. , . Anna Orme, 48. of 520 North Pearl, heat exhaustion. Belgian Monarchs Fly Together By L nitrd Bn** BRUSSELS, July 31.—King Leopold and Queen Astrid left by airplane today for Sweden. It was believed here to be the first time a king and queen had taken an airplane trip together.

USED SAFES & STEEL SHELVING W. G. Brass & Associates Office Equipment Engineers, 134 S. Meridian SL RL 9727