Indianapolis Times, Volume 46, Number 72, Indianapolis, Marion County, 3 August 1934 — Page 20

PAGE 20

Wall Street Farmers Unlikely to Be as Well Off This Year as Last. —BY RALPH HLNDERSHOT—-

Tilers Specie! I in.nciaJ Writer FROM a monetary standpoint it looks as if the farmers may not be so badly off as a result of the drought. after all. Some say their purchasing power will be greater this year than last, but it is rather doubtful that such will be the case, even though income this year probably will be in the neighborhood cf $7,0 0 0,000,000.

as ompared with but about >6 500,000,000 in 1933. Most farmers secure a large share o! their food from their land. The proc e eds from the t h i nes they sell are used in Large measure to pay for hired help. taxes farm machinery. mort-

flendrrshot

gage interest and clothing and other things which they can not produce themselves. These "cash'* crops are not very large when compared with total living expenses. With their gardens, as well as their wheat fields burned up with the heat, much of the cash they otherwise would have to spend for the things which are produced by industry, will have to go for food to tide them over the winter. It is estimated that in addition to regular income the farmers will receive about $600,000,000 in “benefits,” and from $200,000,000 to $300,000.000 in special drought relief. That would make total cash income about $1,300,000,000 in excess of last year. But if in addition to buying food themselves, the farmers must buy food for the livestock they are carrying over the winter, even that seemingly large increase would not go very far. u m m BUT one advantage at least will result from the drought. The surplus of farm commodities will be greatly reduced. The United States wheat crop this year is expected to aggregate about 480,000.000 bushels, as compared with 528.000.000 bushels last year. And last year's crop was much smaller than usual. Consumption of this cereal averages about 625.0(50000 bushels. The surplus is likely to be wiped out this year. The latest government estimates placed the corn crop this year as of July 10 at 2.113.000.000 bushels, but private authorities say the crop has lost at least 500.000.000 bushels since that time. The com crop statistics at best are not very accurate, and, since the crop is still growing, the estimates probably will be altered materially before the end of the season. MUM EARNINGS of the United States Steel Corporation for the second quarter of this year were highly encouraging. It ran in the black for the first time in thirty months, earning $1.48 a share on its preferred stock. Results for the current quarter, however, are bound to tell an entirely different story. Due to code and price conditions, orders were placed in the second quarter which probably ordinarily would have been placed in the current three-month period. The announcement by the company that it had made extensive expenditures for new equipment also should be regarded favorably. If a highly efficiently operated concern like the big steel company is obliged to spend money to bring its plants up to date there is every reason to believe that the fixed property replacements in the country at large will run to a substantial total when credit and other conditions warrant the expenditures. This naturally will provide an important spur to general business.

In the Cotton Markets . —Aug. 2 CHICAGO High. Low. Close. January - 13.33 13 28 13 30 October 13 17 13 10 13 15 December 13 31 13 23 13 28 NEW YORK January 13 27 13 16 13 25 March 13 39 13 31 13 36 Mav 13 45 13 40 13 43 julv 13 50 13 43 13.48 October 12 13 05 13 09 December 13.24 13.15 13 21 NEW ORLEANS iitr'cn 1 1334 1333 1334 mlv 13 40 13 37 13 37 jlite 13 46 13 42 13 42 October 13 08 13 02 13 04 December 13 20 13 14 13.1. N. Y. Coffee. Sugar Futures —Aug. 2 COFFEE Santo* High. Low Close. March 10 90 10 $3 10 90 Mav 10 98 10 96 10 5S Julv 11 01 September 10 66 10 61 10 66 December ......... 10 84 10 82 10 84 Rio March 8 29 8 23 8 24 Mav 8% Sept 8 04 December 8 22 8 17 8.1. SUGAR —Aug 2 High. Low. Close January March 1 87 1 86 1 87 Mav 1 92 1 91 1 91 Mr 1 96 1 95 1 96 Sent ember 1 79 1 77 1 79 December 165 1 S3 1 84 Retail Coal Prices. The > —e price* represent quotations from t Indianapolis coal dealers. A c*s - 25 cents per ton is allow c ..-rent carrying charge per ton mil oe eUOHIBTIC RETAIL PRICES Anthra:. e sl3 50 Bra:.. Lusty 5 90 Br*r:l Egg 590 Brazil M.ae Run 5.25 Coke. Nut Size 8 50 Coke. Egg Sue .8 15 Ind.ana Forked Lump No 4 and 6 5 % Indiana Egg ....... 575 Kentuck'. Lump. Group *B 15 Pocahontas L imp 8 25 Pocah.maa Egg 8 35 Pocahontas Mine Run 7 00 New R. er Smokless 8.00 Marriage Licenses Paul Steele. 24. of 410 Beecher streeh paper canger. and Gertrude CartmelL 26 of 410 Beecher street housekeeper John Parker. 38 of 904 Shelby street salesman ar.d Ruth Mann. *3B. of 1024 Elm Street, waitress. Claude Moore. 17. of 444 North 3e!l street laborer, and Augusta Metz, IT oi 652 Mary street. hca.ery worker. Prank Mav is of 1040 South Sheffield avenue meat packer, and Esther Roth. 24 of 2309 Miller street stock clerk. Bert Kelly. 37. of 680 Arch street, bartender and Jessie Carmichael. 36. of 680 Arch street, hosiery worker Henrv Thompson. 31 of 843 South Sheffield street, laborer and Dons Pollard, 19 Os 2228 West Rav *Teet. housekeeper Char.-v Re*’.. 41 of 214 South Oriental street aberer and C’.ara Murphv 46. of 214 South Criental atreet. housekeeper Howard Br ant 26 of 32 South Dearborn sire *, awning company-, and Ruth Dun kin 25 of 2907 McPherson strew . bcs.-ry worker W.i * Praeie'tzr. 49. Le; Angeiev Citr ar.d Loui'e Fatilson. 33. •f * —-eet housekeeper. F R -ox 170. bookfcee y Liu; .tiger. 22. oi iuttt AuiLauA *.:**., inspector. •

SECURITY LIST UNSETTLED IN NARROW RANGE Chrysler Turns Weak After Unfavorable Earnings Report. BY ELMER C. WALZER ( Ditfd Prfu Financial Editor NEW YORK. Aug. 3—Weakness in Ch osier Corporation stock featured trading on the Stock Exchange. The issue broke to 33'*, off IS points, on an unfavorable earnings report for the second quarter, while the main list continued to move in a narrow range in dull turnover. Chrysler issued its report after the close yesterday. It showed net profit of $4.888 234, or $1 12 a share, for the second quarter, while in the corresponding period of 1933 net amounted to $7,785,616. or SI.BO a share, directors ordered the regular quarterly dividend of 25 cents a share. Decline Is Checked The decline in Chrysler was checked, but its dip had an adverse influence on the mam list. Steel common, which opened at 35’*, up I l *, lost its gam. American Telephone dipped to a small loss after holding steady at 1104. General Motors dipped to 28 after the initial sale of 1.200 shares at 28V off 4. Railroad shares were firm, featured by Union Pacific which gained 1 . points to 403 New York Central and Atchison made small advances while Pennsylvania was unchanged. Consolidated Gas eased fractionally in the utilities. United States Smelting, Union Carbide, Texas Corporation and Montgomery Ward eased, while small gams were noted in Bethlehem Steel. Standard Oil of New York, General Electric, American Smelting, North American, International Nickel and Standard Brands. Cotton Futures Steady Dun <fc Bradstreet noted that August was starting with more evidences of sustained improvement than characterized trade movements a month ago, but added that “it can not be denied that there is an urgent need of some strong stimulus to enable the turn to gather momentum.” Cotton futures were unchanged to off 3 points at the outset, while silver lost 15 to 20 points on light trading. Bonds were irregularly higher in dull trading. Money and Exchange INDIANAPOLIS BANK CLEARINGS —auk. 3 Clearings $1 930.1)00 00 Debits 5.502.000.00 FOREIGN EXCHANGE (Bv Abbott. Hoppm & Cos.) —Auk. 3 Close. Sterling England $5 03 % Franc. France 0659% Lira Ittiv 5857 Belcias. Belgium 0857 Marie. Germanv 3875 Guilder. Holland 6764 Pe:-e*a. Spain 1366 Krone. Norway 2532 Krone. Denmark 2251 Treasury Statement ißv United Press* WASHINGTON Aug 3.—Government expenses and receipts of the current fiscal vear to Aug 1. compared with the corresponding period of the previous fiscal year This Year. Last Year. Expenses . * 480.959.510 14 $280,918,947 72 Receipts .. 223.928.729 32 168 228.889 24 Deficit ... 255.030.780 31 112.690 058 43 Cash bal. . 2.466 396 655 18

Investment Trust Shares Bv Abbott. Hoppin & Cos. —Aug. 2. Bid. Ask. American Bank Stocks Corp 1.01 1.05 American & General Sec A 3.50 4.50 American A Inv Tr Sh 1 75 Basic Ind Shares 2 87 2.97 British Tvpe Inv Tr Sh 32 38 Collateral Trustee Shs A ... 410 4.30 Corporate Trust Shs loldi ..182 186 Corporate Trust Shs mew).. 2.07 212 Cumulative Trust Shares ..3 50 3.60 Diversified Trust Shares A.. 625 .... Diversified Trust Shares B . 680 Diversified Trust Shares C.. 271 278 Diversified Trust Shares D . 4.20 435 First Insurance Stock Corp.. .50 1.00 First Common Stock Corp... .53 .58 Fixed Trust Oil Shares A ... 7 25 .... Fixed Trust Oil Shares M ... 6 25 .... Fundamental Investors. Inc 173 193 Incorporators Investments ...15 37 15.50 Land Bank Bond Shares 1.14 Low Priced Trust Shares 4 80 4 90 Mass Inv Trust Shares 17 37 17.75 Nation Wide Securities 292 2 96 Nor’h Am Trust Shs • 53> ... 1.72 North Am Trust Shs )55-561.. 2.10 2 15 Am Trust Shs < 58* 2 12 2.17 Selected American Shares 2 21 Selected American Shares Inc 102 .... Selected Cumula’ive Shares . 587 .... Selected Income Shares .... 305 Std American Trust Shs A.. 265 2.70 Trust Shares of America .... 252 257 Trustee Std Oil A 5 10 5 30 Trustee Std Oil B 4 50 4 70 V S Electric Lt & Pwr A 11.12 11.62 Universal Trust Shares 2 69 2.74 Daily Price Index 'By United Press) NEW YORK Aug 2 Dun Ar Bradstreet's daily weighted price index of thirtv basic commodities compiled for the United Press '1930-1932 average. 100 c Todav new 1934 high) 115 86 Yesterdav 115 48 Week ago 114 03 Month ago 111.61 Year ago <Aug 3i 105 18 19*4 high 'Aug 21 115 86 1934 low 'Jan 3i 101 05 iCopvright 1934 Dun A: Bradstreet. Inc ) New York Bank Stocks (By Abbott. Hoppin As Cos.) —Aug. 2 Bid. Ask. Bankers 60 60‘a Brooklvn Trust 89 91 Cen*ral Hanover 123 124 Chase National 24 s * 24% Chemical 41 42 Nit lcr .ai City 23% 23 3 * Corn Exchange 49 49% Continental 12 % 12% Empire 18% 19 First National 1580 1590 Guaranty 341 343 Ir\:ng .. 15 T ANARUS !6’ Manhattan A: Cos 29 29% Manufactures 20 29% New York Trust 98% 93% Public 30 30 3 * EMPLOYMENT SERVICE PUTS 10.000 TO WORK Jobs on Public Projects in Year Total 173.728. Approximately 10.000 men and women throughout Indiana were provided with employment through state and national employment services during the first fiscal year, ended July 1. a report revealed today. Employment on public works projects during the period amounted to 173.728 in addition to the 10,000 figure. More than 2.144 workers received employment m the iron and steel, machinery and vehicle industries. where employment was the heaviest. Domestic and personal service provided jobs for 2.130 women, with nearly 1.485 of these being steady positions. Os the total employed during the period. 27.815 were World war veterans. Issue Silver Certificates 8y t inted Prens WASHINGTON Aug. 3 —lmmediate issue of SSO 000.000 in new silver c .liffentes aqainst free silver in the | treasury was p*oni sed by Secretary ' ox Treasm-y Henry Morgenthau Jr.

New York Stocks " bv Aooott. Hoppin A Co.> ——————

AVERAGE STOCK PRICES FOR THURSDAY Net High Low Close Change Thirty industrials 91.12 89.75 90.87 .30 Twenty rails 35.80 35.23 35.71 .04 Twenty utilities 20.80 20.26 20.72 .19 Forty bonds 93.80 .15 Ten first rails 101.66 ,10 Ten second rails 77.47 .19 Ten utilities 98.62 .25 Ten industrials ..... 97.44 43 Off, Up.

—Aug. 3 Prev. Oils— High. Low. 10 00 close. Amerada ... ... 45 Atl Rfg 24% Barr.sdai! Consol Oil 8 s * 8 V * Cont of Del 18 13 Houston i new) 5 Houston (old i .. 14 ! 2 Mid Cont Pet 11 10% Ohio Oil 9% 9% Pet Corp 9% Phillips Pet 16 16 Plymouth Oil 9 s * 9 s * Pure Oil B’* 8 Sod Oil 264 Shell Un 7% 7 7 Soc Vac . 14% 44 SO of Cal 33 4 32% 32% 334 S O of Kan ... 304 . S O of N J 434 434 Sun Oil 64 Texas Corp 22 4 22 4 Tidewater Assn 94 94 Un Oil of Cal 15 154 Steels— Am Roll Mills .. 164 154 154 16'. Be'h Steel 28 4 28 4 284 28 4 Bvers AM SO 3 . Col Fuel k Iron 54 Cruc Steel 194 194 Ludlum Steel 104 Mid Steel 84 Natl Steel 394 Otis Steel 134 134 Rp Iron A Stl 134 134 Rep I A Stl pfd 404 U S Pipe A Fdy 174 U S Steel 354 354 U S Steel pfd 83 Warren Bros 64 Youngstn SAT 164 Motors— Auburn : . ■ 19 Chrysler .... 34 4 33 4 33 4 35 4 Gen Motors 284 28 4 28 4 28 4 Gen Motors pfd 102 Graham Mot .... .. .. 2 Hudson 74 74 74 74 Hupp 24 Nash 14V* 144 Packard 24 Reo 24 24 S'udebaker 24 24 Yellow Truck 34 Motor Access— 1 Bendix 124 124 Bohn Alum 54 Borg Warner 20 4 Briggs 154 154 154 154 Budd Wheel 24 Eaton Mfg 144 Elec Auto Lite 18 184 Mullins Mfg pfd 244 Murray Body 5 5 Stew Warner 64 Timken Roll 274 •• Timken Det Axel 514 Mining— Alaska Jun 20 4 204 Am Metals 184 18 Am Smelt 344 344 Anaconda 114 114 Cal A Hecla . . . 3 4 Cerro De Pasco . 37 4 37 4 37 4 374 Dome Mines 424 Granby 64 Gt Nor Ore ... ... 94 Howe Sound ... 494 494 494 494 Ins Copper 34 Int Nickel 244 244 Int Silver 224 Isl Cree Coal 29 Kennecott Cop 184 184 Mclntyre Mine 464 46 s * Noranda Cop .. 414 Park Utah 34 34 Phelps Dodge ■■ 15 St Joe Lead ... 174 14 174 174 U S Smelters .128 4 . 284 128V* 1284 Vanadium ... ... 174 Amusements— Croslev Radio 154 Fox Thea 104 Loews Inc 254 254 254 254 Radio Corp .... 54 54 54 54 RKO 14 2 Warner Bros 34 4 Tobaccos— Am Sum Tob ..... 18 Am Tobocca A 74 74 Am Tob B 77 76"i Ligg A Myers B 974 Lorillard 174 Reynolds Tob B 454 Reynolds Tob B 454 Rails— Atchison 52 514 52 514 Atl Coast Lines . . 27 BA O . 15y 154 154 154 Chi A Gt W pfd 44 5 Ch A Ohio ... ... 434 Chi A Gt W 2 Chi A Gt W pfd 44 5 C M A St P 34 C M A St P pfd 5 C M A St P 34 C M A St P pfd 5 Chi N W 64 64 Chi N W pfd 10 4 Del Lac A W 164 Erie 134 Grt Northern pf .. ... 15 15 111 Central 164 Lehigh Valley 114 Lou A Nash ... 47 ... MKAT 6 M K A T pfd 17 Mo Pac pfd 4 N Y Cent . .. 214 214 214 214 N Y Chi A St L 124 N Y C A St L pf 204 N Y New Haven 104 N Y Ont A West 164 Nor Pac 174 Penn R R 24 23 4 23 4 24 Sou Pac 174 174 174 174 Sou R R 144 144 Sou R R pfd 174 Union Pac 1034 102 West Maryland 9 Equipments— Allis Chalmers . 134 134 134 13 Am Brake Shoe. .. ... 234 234 Am Car A Fdy 15 15 Am Car A Fd pf 344 Am Loco 19 184 Am Steel Fdy 124 104 Bald Loco 74 74 Burroughs 114 Case J I 394 Cater Tract 26 Deere A Cos 134 Foster Wheeler 11 Gen Am Tank C 344 Gen Elec 184 184 Gen R R Sig 30 Ingsol Rand 534 Int Bus Mach 135 Int Harvester 27 Natl Cash Reg 134 Pullman Inc 44 4 Rem Rand 94 84 West Air B 18 Westingh Elec 314 314 Worthing'n Pmp 164 Utilities— Am A For Pwr 54 54 Am Power A Lit 5 AT AT ...1104 1104 1104 1104 Am Wat Wks ... 164 164 164 164 Brook Un Gas 604 Col Gas A Elec 94 Com A Sou 14 l 3 * Consol Gas 29 4 294 Elec Pwr A Lit 44 44 Int Hvdro Elec 44 Int T A T 94 94 Lou G A E "A” 14 Nat Pwr A Lit. 94 94 94 94 North Am-r ... 14 144 Pac G A E 16 Peoples Gas 25 Postal Tel pfd 14 4 Pub Sery N J 34 34 So Cal Edison 144 144 Std Gas 64 8 S’d Gas pfd 8 4 Stone A Webster 6 6 United Corp 44 Un Gas Imp 144 Western Union 36 Rubbers— Firestone 14% Goodrich • ... ... 94 Goodyear 214 21 21 214 Kelly Spring .. . ... 14 U S Rubber . 144 144 144 14 U S Rubber pfd 35 35 Miscellaneous— Am Bank Note 15 Am Can 954 Anchor Cap 17 Brklvn Man Tr 374 Conti Can 77 4 77 4 Crown Cork 24 4 234 Curtis Pub 184 Curtis Pub pfd 80 Eastman Kodak . . ... 984 964 Gillette 114 114 114 114 Giidden ... ... 254 Owens Bottle ... 67 Raybestos Mfg 17 Foods— Am Sugar _ .... ... 664 Armour A 44 44 44 44 Beatrice Cream.. . • 134 Borden Prod ... 254 254 25S 254 Cal Packing 354 37 s * Canada D G Ale 164 .154 Coca Cola 131% Cont Bf.k A • 64 Corn Prod • ••• 62 6 ; Cuban Am Sugar 74 7- s -' 4 74 Gen Foods 294 Geld Dust 784 184 G W Sugar 324 Int Salt 28 Natl Biscuit . • ■ „ ? 3 % Natl D Prod .. 16 164 164 164 Purity Bak 774 S Porto Rico Sag , 344 Std Brands 194 194 Un Biscuit -5* United Fruit 69 Retail Stores— Asso Dry Goods * 3 First Natl Stores *5; Gimbel Bros Gr Un Tea 44 Jewel Tea 45 Kresge S S 77, -<a Kroger Groc 294 29 Macy R H 41 40 Marshall Fields 104 104 Mav Dept St 36* Mont Ward 23 4 234 Natl Tea • J 3 * Penny J C 5*4 57 Safeway St M 1 Sears Roebuck 36 4 36 Woolworth 494 484 Aviation— Aviation Corp 44 44 *4 4-a Curtiss Wright . ■■ 24 Curtiss Wr A 84 Douglas Air 174 17 17 174 Nor Am At 34 Sp-erv Corp *.♦ 1 Un-t-d Aircraft 154 154 Wright Aero 424 42 Allied Chem 127 Am Com Alcohol 264 Col Carbon 644

THE INDIANAPOLIS TIMES

Com Solvents .. 184 184 184 134 Dupont 884 88 Freeport Tex 29 Liquid Carb 217* Math Alkali 28 Montosonta Ch. 49 4 49 Natl D.s (new) 194 20 Scher.eley Dist 214 21 Tex Gulf Suiph 334 334 Union Carbide 411* 414 U S Indus Alco 384 V;rg Ch 64 pfd 154 Drugs— Cotv Inc 5 44 Lehn A Fink 17 17 Un Drug 114 114 Zonite Prod 44 44 Financial— Adams Exp 64 Allegheny Corp 2 Am Int Corp 6 Chesa Corp 40 Lehman Corp 66 Transamerica 6 6 Tr Conti Corp 4 Building— Am Radiator ... 12 117* 12 114 Gen Asphalt 144 Int Cement •..|. . 214 Johns Manville . 444 44 4 44 4 44 4 Libby Owens Gls .. ... 284 23 Otis Elev 14 3 * 144 Ulen Const 14 17s Household— Col Pal Peet 144 Congoleum 27 4 Kelvinator 124 Mohawk Carpet 14 Proc A Gamble 354 36% Simmons Bed 104 10% Textiles— Amer Woolen 84 Beldmg Hem 114 114 Celanese Corp 204 20 3 ** 204 204 Collins Aikman 12 12 4 Gotham Hose... . 5 4 Indus Rayoh ... 23 227 / a 23 23 Kavser Julius 14 14 Real Silk 7 New York Curb (Bv Abbott. Hoppin A Cos.) —Aug. 2 Close.' Close. Allied Mills ... 74 Gulf Oil of Pa.. 574 Am Cyanide B. 174 Hiram Walker.. 254 As Gas A El.. 224iHumble Oil 424 Am Superpwr . 24 Imp Oil Ltd.... 144 Asso Gas A El. %!Hud Bay Min.. 134 Atlas Corp .... 9 Int Petrol 264 Can Ind Ale A B'VLake Shore Min 53 Can Marc ... 14 Libby McN Lib. 64 Carrier Corp .. 84 Lone Star Gas.. 274 Cities Serv .... 14 Mt Producers .. 44 Common Ed . 484 Natl Bellas Hess 24 Con Gas of Bal 664 Newmont Min.. 464 Cord Corp ... 3Va Nia Hud Pwr... 44 Creole Petrol.. 114 Novadel Agene.. 184 Deere A Cos .. 134 Penn Road 24 Distillers Lim. 22 |St Regis Paper. 24 Distillers Corp. 12% Sherwin Wms.. 714 Dow Chem . . 73 Std of Ind 254 El Bond A Sh UtalStd of Ky 154 Fisk Rubber . 9 [Technicolor Ind 12 Ford of Can A 19'VTeck Hughes Go 64 Ford of Europe 74 Un Gas 2 Gen Aviation . 4 iUn ?wr ALt A 2 4 Glen Aid Coal. 204;Wr Harg Min.. 94

Chicago Stocks (By Abbott. Hoppin & Cos.)

—Aug. 3 High. Low. 11:00 Bendix Aviation 12% 12 !/ * 12% Berghoff Brew Cos . 4 3 8 Borg-Warner 20 19% 19% Butler Bros 7V* 7% 7% Cities Service . 1% Commonwealth Edison . 48% 48 48 Cord Corp 31* 3% 3’4 Crane Cos. • 7% Marshall Field A: Cos. . 11% 10% 10% Great Lakes Dredge ... .. 14% Libbv-McNeil 6% 6 6 Lynch Corp . ■ 28 Swift A: Cos. 17% 17 17% Swift Interantional ... 33 1 /* 33 33 Utah Radio • • • 1

Bond Prices 1 By Fenner to Beau ——-

—Aug. 3 High. Low. 10:00. Alleg Corp 5s 'SO 28% Am A; For Pwr 5s 2030 50% 50% 50% A T &. T db 5s '65 110% 110% 110% B & O CV 4%S '6O 59 Beth Steel 103% Can Pac 4s ’57 ... 81% CMStP&P adj 5s A 2000 9% 9% 9% C M St P & P rs 5s A ’75 32% 32 32% Cons Gas N Y 4%s ’sl 104% 104% 104% Denmark 5%s 55 ... 90% Det Ed 5s E ’52 107% Erie R R rs 5s ’67 ... 68% French 7s 49 184 Goodyear 5s '57 102 101% 102 Gt Nor 4%s D ’76 69% Gt Nor 7s A ’36 90% 90% 90% Interboro RT 5s *66... 73% 73 73% Int T At T db 5s ’55 60 Lorillard 7s ’44 124% McKess A: Robb 5%s ’SO .. ... 80% Nat Dairy db 5%s '4B 98% N Y Cent 4s O 2013 ... 69 68% 69 Penn R R 4%s D 81.... 97% 97 97% Poland 7s ’47 114% 114 114% Shell Un Oil 5s '47 99% Texas Corp 5s '44 103 102% 103 Tob Pr N J 6%s 2022 .106% 105 3 * 105% Un Pac Ist 4s ’47 U S Rubber 5s A ’47 83% Vanadium 5s ’4l 81 Western Un 5s ’sl 83% Ygstn S & T 5s B ’7O 85%

U. S. GOVERNMENT BONDS (By United Press) NEW YORK. Aug. 2 —Closing Liberties (decimals represent thirty-seconds): —Liberty—--3%s (32-47) 104. First 4%s (32-47) 103. Fourth 4%s (33-381 103.18 —Treasury—--4%s —4%s (45) 103.20 4%s (47-52) 113.10 3%s (43-47) 104.16 3%s (41-431 March 104.25 3%s (40-43) June 104.20 3%s (43) 104.26 3%s (46-49) 102.24 3s 151-55) 101.22 FEDERAL FARM LOAN BONDS (By Blyth & Cos.. Inc.). —Aug. 3 Bid. Ask. 4s Julv 1. 1946-44 99% 100% 4s Nov. 1. 1957-37 99% 100% 4s Mav 1. 1958-38 99% 100% 4%s Julv 1. 1956-36 99% 100% 4%s Jan. 1. 1957-37 99% 100% 4%s Mav 1. 1957-37 99% 100% 4%s Nov 1. 1958-38 100% 4%S Maq 1. 1942-32 99% 100% 4%s Jan. 1. 1943-33 99% 100% 4%s Jan 1. 1953-33 99% 100% 4%s Julv 1, 1953-33 99% 100% 4%s Jan. 1. 1955-35 100 100% 4%s Jan. 1. 1956-36 100% 100% 5s Mav 1. 1941-31 100% 100% 5s Nov. 1. 1941-31 100 V* 100% Home Loan 3s Mav 1. 1952-44 100 06 100.10 4s July 1, 1951 100.12 100.15 —Federal Tarm Mortgage Corporation—--3%s March 15. 1964-44 ..101 25 101.30 Tlie later three quotations are m thirtyseconds. Births Girls Harvey and Laura Hammonds. 2029 Caroline. Oscar and Emma Jones. 2415 Northwestern. Howard and Maxine Johnson. 921 East Market. Stanley and Helen Roddick. 433 North Illinois. Joseph and Susan Sferruzzi, 4519 Fletcher. Edward and Dorothy Teeters, 2617 Highland place. Boys Lyle and Leona Gray. 1638 West Market. Otis and Helen Davis. 1625 Bates. Alvoms and Lucile Kinmebrew, 446 West Fifteenth. Dallas and Della Mumaw, 2235 North Jefferson 'twins). Rov and Marv Tibbs. 116 Bloomington. Marlow and Hazel Tomey. 4C7 West Merrill. Edward and Dorothy Browning. 3921 East Washington. Robert ana Ruby Chambers. 915 Paca. Deaths Katie Grube. 74. of 833 North Tacoma, carcinoma Eva Winter, 83, of 1041 Union, chronic myocarditis. Raymond Batts. 44. of 1526 North Hamilton’ chronic parencvmatous nephritis Robert W Flory. 7. of 716 North Alabama. mitral insufficiency. George Roberts. 61. Liberty and East Michigan, coronary .occlusion. Louisa M Allen. 79 of 1054 West Thirty-third, cerebral hemorrhage Charles Reed 4 mos. Riley hospital, enterocolitis. , _ Walter E Geisendorff. 19. Methodist hospital, edema of brain Solomon Robinson. 48. of 943 Paca pulmonary hemorrhage. Ruth E Starks. 41. of 1925 Prospect, acute myocarditis. Retail Failures Decline By 1 imes Special . CHICAGO. Aug 3 —United States retail failures for the week ended July 26, numbered 215. against 234 in the previous week, and 333 for the corresponding week of 1933.

PORK MARKET 10 TO 25 CENTS KIGHERAJPENS Vealers Continue Advance; Cattle, Lambs Hold Steady. New high for the current year was regisered in hog trading at the Indianapolis Union Stockyards today when prices moved around 15 cents higher than yesterday's average. Lightweights showed an advance of from 10 to 25 cents. The bulk, 160 to 200 pounds, sold at $4.85 to 65.05. Heavier grades, scaling 200 to 300 pounds, brought $5.10 to $5.20. Initial top reached $5.25. anew figure this year. Bulk of light slaughter pigs, weighing 130 to 160 pounds, was selling at $3.40 to $4, while lightest classes on hand, weighing 100 to 130 pounds, cashed in at 52.25 to $3. Packing sows held at $3.75 to $4.50. Receipts were estimated at 6,000; holdovers, 288. Only slight action was displayed in the cattle market, with week-end clean-up trade on odds and ends at steady prices. Quality was plain. Bulk prices were undetermined. Receipts numbered 200. Strong undertone continued in veal trading, and the majority of prices were mostly strong to 50 cents higher than the previous close. Most grades sold at $6, while top held at $6.50. Receipts were 700. Initial sales of lambs remained unchanged. Bulk of ewe and wether classes sold at $7 to $7.50. Bucks were discounted sl. Throwouts ranged from $4.50 to $6. while slaughter sheep sold at $1.50 to $3. Receipts were 1,500. Trading was continued at the Chicago stockyards today in open defiance of striking livestock handlers. Pickets made no attempt to interfere with nonunion workers as the first shipments of livestock were moved through the yards.

July Bulk. Top. Receipts. 28. $4.85® 4.95 $5 09 4,009 30. 4.60® 4 80 5,00 6.500 31. 4.55® 4.75 4.95 8.000 A i ag ‘ 4.70® 4.90 5.10 5.500 2 4 70® 4.90 5.10 7.000 3. 4.85® 5.05 5.25 6,000 Market, Higher (130-160) Good and choice ... 3.75@ 4.00 —Light Weights—-(l6o-180) Good and choice.... 4.85® 4.95 (180-200) Good and choice.... 5.00® 505 —Medium Weights-^ (200-220) Good and choice.... 5.10® 5.15 (220-250) Good and choice.... 5.15® 5.20 —Heavy Weights—-(2so-290) Good and choice 5.10® 5.15 1290-350 TANARUS) Good and choice... 5.00® 5.10 —Packing Sows—(2so down) Good 4.15® 4.50 (250 lbs.) Good 4.00® 4.25 (All weights) Medium 3.75® 4.15 —Slaughter Pigs—-(loo-130) Good and choice ... 2.75® 3.00 CATTLE Receipts, 200; Market, Steady Good and choice $ 6.50® 8.75 Common and medium 3.00® 6.50 (1.100-1.500) Good and choice 7.00® 9.00 Common and medium 5.00® (.50 (550-750) Good and choice 5.00® 6.75 Common and medium 2.00® 5.00 <750-900) 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 50® 6.50 Medium 4.00® 5.50 Cull and common 2.50® 4.00 —Calves— Good and choice 4.50® 5.5 U 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® 3.50 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipts, 1,500; Market, Steady. Lambs. 90 lbs. down, good and _ _ choice S 7.00® 7.00 (90-110 lbs.) Good and choice 6.50® 7.25 (90 lbs. down) Com. and med. 4.50® 6.00 —Ewes— Good and choice ?-22!2 225 Common and medium I.oo® 2.00 Other Livestock (By United Press) CHICAGO. Aug 3. Hogs Receipts, 10.000. including 8.000 meagre supply on sale: better grade weights above 200 lbs.. $4.90(5 5; top $5.10: lighter weights $4.90 downward; good packing sows, s4® 4.25; big weights and plain kinds at $3.90 downward; light lights 140-160 lbs., goo and choice, $3.74 | 5 4.60; light weight 160200 lbs., good and choice. $4.35®5; medium weights 200-250 lbs., good and choice. $4.90® 5.10; heavy weights 230-350 lbs., good and choice. $4.75®5.10; packing sows, 275-550 lbs., medium and choice, $3.25® 4.25: slaughter pigs, 100-130 lbs., good and choice, $2.75® 3,75. Cattle—Receipts, 4,000 commercial, 6,000 government; calves, receipts. 1,000 commercial. 2,000 government; [ better grade steers and yearling, mixed vearlings and all she-stock 25c or more higher than last open market: small killers inactive: best 1.174-lb. steers at $9: heifers averaging 867 lbs. at $7.50; most cutter and low cutter cow’s. sl®2; selected vealers s6® 6.25: bulk at ss® 5.50; slaughter cattle and vealers: steers 550-900 lbs., good and choice. $5.75®8.25: 900-1.100 lbs., good and choice, $6®9.25; 1.100-1.30 lbs., good and choice. s6® 9.75: 1,300-1.500 lbs., good and choice, $6.75® 10: 550-1.300 lbs., common and medium. $2.50®6.75: heifers 550-750 lbs., good and choice, ss® 7.25; common and medium, s2®s: cows, good, 53®4.75; common and medium. $2.25® 3.25; low cutter and cutter, $1®2.25: bulls, yearlings excluded, good beef. $3.25®3.75; cutter, common and medium. s2® 3.50; vealers. good and choice, $4.75®6 25: medium. $3®4.75; cull and common. $2.50®3: Stocker and feeder cattle: steers 550-1.050 lbs., good and choice. s4® 5.50; common and medium. $2.25®4.25. Sheep—Receipts. 2.000: only odd carload and few small lots on sale: practically no early action; sellers asking higher compared pre-strixe levels; no bids: slaughter sheep and lambs: lambs 90 lbs. down, good and choice. $6.25® 7; common and medium. $4.25® 6.40: ewes 90-150 lbs., good and choice. [email protected]: all weights, common and medium. $1.25®2.25. FORT WAYNE. Aue. 3 Hogs. 10 to l'c tieher: 250-300 lbs,. $5.15: 200-250 lbs.. sd; ISO-150 lbs. $4 85: 160-180 lbs. $4(0; ISO--169 lbs . S3 85: 140-150 lbs $3.60 130140 lbs. $3 20: 120-130 lbs $2. o: 100-120 lbs . $2.40: roughs. $3.75: stags. $2. Calves —s6: lambs. $6.50. LAFAYETTE. Aug 3 Steady to 15c higher: 200-300 lbs., ss® o 05. 180-200 lbs . $4 SO® 4.90: 160-130 lbs. $4 60® 4 (0: 149160 lbs.. $3 50® 3.75: 120-140 lbs. $2.75® 13.15: 100-120 lbs.. $1 75®2.25: roughs. $4.25 down'; top calves. $5; lambs. $6 oO down. (By Times Special) LOUISVILLE, Aug 3.—Cattle—Receipts. 175, including 41 direct; salable supply light, quality plain, market fully steady; bulk common to medium, steers and heifers S3 25® 4.75: very little selling under $3 better finished fed offerings, quotable $5®S or better: bulk beef cows 52.50®3: good to $3.50 and above: low cutters. Sl® 2 25: sausage bulls mostly $3 down; Stockers and feeders scarce, quotable fully steady. Calves —Receipts. 500: better vealers. mostlv 50c higher at ss® 5.50; medium and lower grades, unchanged at *4 down. Hogs—Receipts. 800; market. 10c higher: 210-300 lbs. weights. $5 10; 185205 lbs. $4.90: 305 lbs up. $4 40; 160-180 lbs.. $410; 145-155 lbs., $3.75; 120-140 lbs $2 35: sows. $2.85 Sheep—Receipts. 2 000. including 344 stock ewes: market not established: early bids steady at $6.50 ® 6 75 for most better lambs, and up to $7 and above for choice offerings; sellers generally asking higher- fa* ewes, most $1 ®2: bulk stock ewes. S5 50 ®7 30 a head; choice voung ewes up to $8 or better.

SUSPEND STOCK ISSUE Trade Commission Ruling Delays Sale of Mining Stock. By United Pres* WASHINGTON. Aug. 3.—The federal trade commission today sus--pended indefinitely issuance of 155,000 shares of common stock by the Gold Bell Mining Cos.. Ltd., Red Rock, Ariz., because the concern failed to supply essential information in its registration statement under the 1933 securities act. The shares were to have been issued at from 25 to 30 cents each, the company receiving 16 cents.

Retail Food Prices Rise Slightly in Two Weeks

Present Level at Highest Point in Last Thirty Months. By Times Special WASHINGTON. D. C.. Aug. 3. Retail fcod prices advanced threetenths of a cent during the two week's period ending July 17, Commissioner Lubm of the bureau of labor statistics of the United States department of labor announced today. The strengthening in prices which began the latter part of April placed the current average at 109.9 per cent of the 1913 level. Two weeks ago the index was 109.6, four weeks ago, 109.1; and six weeks ago. 108.4. “Retail food prices have shown an accumulated rise of 24 per cent since April 24. when the index was 107.3,” Mr. Lubin said. “The present level is at the highest point reached during the past thirty months, being slightly above Jan. 15, 1932, when the index was 109.3. As compared with the index 90.4 for April 15, 1933, the low point reached during thg past few years, current prices are up to 21% per cent. They are 5 per cent higher than on July 15, 1933, and approximately 9 per cent above the level of two years ago when the index numbers were 104.8 and 101.0 respectively. “Os the forty-two articles included in the index seventeen showed advancing prices, nine declining prices, and sixteen remained at the level of two weeks ago. The important articles showing price increases were cabbage, sugar, eggs, bacon, tea, bread, lard, raisins, sliced ham and cheese. Lower prices were shown for white potatoes, onions, leg of lamb, pork chops, evaporated milk, butter and macaroni. Among the important items which showed no change in

CHRYSLER EARNS NET PROFIT OF $8,192,084 Directors Declare Regular Payment of 25 Cents a Share. By Times Special NEW YORK, Aug. 3.—Chrysler Corporation earned a net profit in the first half of 1934 of $8,192,084, equal to SI.BB a share, compared with $4,747,534, or sl.lO a share in the corresponding six months of 1933, the company reported today. Directors declared the regular quarterly dividend of 25 cents a share, payable Sept. 29, to stockholders of record Sept. 1. Net profits of the corporation for the second quarter of 1934, the report showed, fell off to $4,888,234, compared with $7,785,616 in the corresponding period of last year. The company earned a net profit of $3,303,850 in the first three months of 1934. On Commission Row —Aug. 3 Quotations below are average retail prices being offered to buyers by local commission house dealers. Apples—Fancy Delicious. $2.50: Transparents. $1.50@2. Peaches, Georgia, Elbertas. bushel, $2 @2.50. Oranges—California Sunklst. [email protected]; Valencies, [email protected]. Lemons—Sunklst, $6.50. Grapefruit—Florida seedless, $4.50. Cantaloupes—lndiana jumbos, flats, 35@ 60c; bushel, 50®60c. Pears—Caiavos, $2.50 a box. Watermelons—2s® 75c. Bananas—A pound sc. —Vegetables— Sweet Corn—Home grown, doz„ sc. Cabbage—Home grown, bushel, 65@75c. Celery—Michigan, at boxes. $1.25; medium, iloz, 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 @1.50. Beets—New, 25c a dozen. Carrots—Home grown, bushel. $2; doz.. 35c. Cauliflower —lOs-lls, crate, $1.75@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—Home grown—lo-lb. baskets. 50@60c; bushel, SI. CHICAGO FRUIT MARKET (By United Press) CHICAGO, Aug. 3—Fruit and vegetables: Apples—Michigan Transparents bushel. 50® 75c; Duchess, 50c® $1 bushel. Cucumbers —Illinois bushels. sl®2. Tomatoes—lllinois lugs, 50®85c: Michigan 12 quarts, 40c®$l 15. Sweet potatoes—Tennessee bushels, $1.25® 1.35; Mississippi. $1.75® 1.85. Mushrooms—lllinois, pound cartons, 25®40c. Peaches—Georgia bushels. $1.50® 2.25. Lettuce—California crates. $3.50@4; Ohio leaf. 10 lbs., 50® 60c. Beans —lllinois green bushels, $1.50®2.25. Cabbage—Wisconsin crates, $1.50®2. Cherries —Michigan, 16 quart, red sour. $1.25® 1.50. Canteloup—lndiana crates, 50c® $1: western crates. $2®„2.75. Corn—lllinois sacks. 5 dozen yellow . 40® 60c. Peppers—lllinois bushels, ' $1.50®2. Carrots—California crates, $1.25® 2.25. Egg plants—lndiana bushels. $1.50. Pears—Michigan bushels, $1.25® 1.75. Onion market (50-lb. sacks' —California yellows. $1®1.20; California whites, $1.75. Washington Valencias, $1 @l.lO. lowa yellows, 75c@$l. Produce Markets Delivered in Indianapolis prices; Heavy hens, 10c Leghorn bens. 7c 1934 broilers, 2 lbs. and over. 15c. Leghorn broilers 1% to 2 lbs. and over 13c bareback broilers 11c; old roosters. 4c: ducks and geese 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®28c. Butt erf at. 20c. Quoted by Wadley Company. (By United Press) CHICAGO. Aug. 3—Eggs—Market, firm: receipts. 5.811: extra firsts. 18%c; fresh graded firsts 18%c; current receipts, 14% ®l6%c; dirties No. 1,14 c; No. 2,11 c; checks. No. 1. 14c, No. 2,11 c. Butter— Market, firm, receipts. 15.588, extra firsts '9O-91)2 score', 24®24%c; extras (92 scorei, 25%c: firsts (88-89% score', 22%@ 23%c; seconds >B6-87% score’, 21®22c; specials. 26®26%c; standards, 25%c. Poultry—Market,“steady to easy; receipts. 33 trucks. 1 car due; fryers, 13® 18c; White Rocks. 15c: broilers. Plymouth Rock, 14%c: Leghorn. 13%c; White Rock. 13%c; geese, 7®3c; tugeys. 14c; old roosters, B%c; hens. 10%® 12%c: Leghorn hens, 11 ®l2c; black chicks, 10® 12c; cocks. 3c: Leghorn cocks. 9c: barebacks. 13; olored springs. 17; White Rock. 19c; spring ducks, 10%c: 'colored Plymouth Rocks. 16c: Leghorns. 8%®10%c. Cheese—Tw-ins. 11% a 12c: daisies. 12%®12%c: Longhorns. 12% ®l2%c. Po’atoes—SjiPPly moderate: demand and trading s:ow; market, dull: Idaho Triumphs. $2. showing decay. $1.65: Wisconsin triumphs. $2 Nebraska Cobblers $130; Wisconsin Cobblers. $1.25® 135 Maryland Cobblers. $1.40; barrel Cobblers, Virginia $2.15. Arrivals, 45. on track. 141. shipments. 397. NEW YORK Aug 3—Potatoes—Easy: Lone Island. 45c®5i.25 bag. New Jersey. 60c® $1 10 bag southern. SI 25® 1.50 bbl : Maine. 5151.15 bb!. Sweet po’atoes—Dull; Jersev bskt 25c®$2 25; southern, bskt.. *132.50 Flour—Steadv: springs. Patents. $7 503 7.75 bb!. Pork—Firm: mess. *l9 75 bbl. Lard—Firm; middle west spot. *5 10® 520 a 100 lbs. Dressed poultry—steadv; turkevs. 12®33c: chickens. B®2Bc: broilers. 18®23c; capons. 25®35c; fowls. B@l7c: ducks. 12® 14c: Long Island ducks. 11% 15c Live Doultrv—Firm; geese. 6® 7c; turkevs. 10® 15c: roosters. 10c; ducks. 8® 10c: fowls 9® 15c: broilers. 10®24c. Cheese —Easv: state whole milk fanev to specials. 18® 19c Young America 13%®13%c But*er —Receipts, 7.739 packages: marxet firmer creamer’, higher than extras. 26% ®27%c extra '92 score'. 26%c. firs’ 9091 score 25%® 26c: first >BB-89 score . 24® 24 %c: seconds. 23®23%c. Eggs—Pte-c-ipts 9,744 rases, market irregular; special packs including unusuai hennery selections 22®25%c s’andards. 21®21%c: rs's 19%c: seconds. 17%e mediums 16% Sl6%c; dirties. 16%e: checks. 14@15c. CLEVELAND Aug. 3—Butter—Market, firm extras. 29%c; standards. 29%c Eggs —Market, steady; extra white. 20c; current receipts. 15c; ordinary firsts. 13c. Poultry—Market, steady; colored fowls, 4% lbs. and up 14%c; roosters old. 10c; ducks white. 5 lbs. and u* 14c. Potatoes —Mostly *[email protected] a barrel.

average prices during the two weeks were red salmon, fresh milk, wheat flour, corn meal. rice, coffee, wheat cereal and prunes. “Os the fifty-one cities covered by the bureau, advances occurred in thirty-one. Decreases were registered in seventeen, and three showed no change during the two weeks. “The seven-tenths of 1 per cent increase in cereal foods was the largest recorded for any of the groups of items. The present index, 147.7. is 154 per cent higher than for July 15. 1933 and 22 per cent above July 15 1932 when the indexes were 128 and 121.2. respectively. “Meat prices registered the second largest increase for any of the groups and advanced four-tenths of 1 per cent. The present index is 120.5 and is higher by 16 4 per cent than for July 15, 1933, when the index was 103.5. "This index, however, is 1.7 per cent below the level of two years ago when the figure was 122.6. Meat prices have shown a steady increase since the beginning of the year and present prices are nearly 204 per cent higher than Dec. 19. 1933, when the rise began. The other foods group, which includes sugar, coffee, tea and vegetables, advanced twotenths of 1 per cent. “The present level, with the index of 101.4, is 8 per cent below the corresponding period a year ago and 7 per cent above two years ago, when the indexes were 110 3 and 94.8 respectively. Dairy products, on the other hand, showed a decline of three-tenths of 1 per cent with present prices 3.2 per cent higher than last year and slightly more than 10 per cent above two years ago.” Denver Prices Drop Prices used in constructing the weighted index numbers of the bureau are based upon reports from all types of retail food dealers in fiftyone cities and cover quotations on forty-two important items. The index is based on the average price of 1913 as 100. Os seventeen cities showing decreases, Denver, where prices declined 2 per cent, recorded the greatest price drop. Detroit and Manchester are the only other cities showing decreases of 1 per cent or more. Eight of the cities showing lower prices decreased one-half per cent or less. * Retail food prices in Washington, D. C„ were six-tenths of 1 per cent lower. As compared with July 15 of last year all of the fifty-one cities covered showed material advances. Philadelphia, with an increase cf approximately 11 per cent, showed the largest advance. In Washington, D. C., the increase was .6 per cent. Compared with the corresponding period of two years ago, all oi the fifty-one cities covered showed increases. The largest advance for the two-year period occurred in Houston, where food prices advanced by nearly 18 per cent. Chicago, with an average increase of approximately 2 per cent, showed the smallest price rise. Retail food prices in Washington, D. C. are now 8 per cent above two years ago.

Cash Grain

INDIANAPOLIS —Aug. 2 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b., shipping point, basis 17c to river: Wheat— Steadv; No. 1 red, 93%@94%c: No. 2 red. 92%@93%c; No. 2 hard, 93%@ 94%c. Corn—Easv: No. 2 white, 67@67%c: No. 3 white, 66®,66%r: No. 2 yellow. 65®4)5%c; No. 3 yellow, 64®.64%c; No. 2 mixed. 64® 64%c; No. .3 mixed, 63®,63%c. Oats—Steady: No. 2 white, 43%@44%c; No. 3 white, 42%®43%c. Hav (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisville)— No. 1 timothy, sl3® 13.50. —lnspections Wheat—No. 1 red, 1 car; No. 2 red. 4 cars; No. 3 red. 3 cars; No. 1 hard. 2 cars; No. 2 hard. 1 car: No. 3 hard. 2 cars; No. 5 hard, 1 car; No. 2 mixed. 3 cars. Total, 17 cars. Corn—No. 2 white. 3 cars; No. 3 white. 5 cars; No. 4 white, 1 car; No. 2 yellow. 22 cars; No. 3 yellow. 26 cars; No. 4 yellow. 2 cars; No. 5 yellow. 1 car. Total, 60 cars. Oats —No. 2 white, 1 car; No. 3 white, 16 cars; No. 4 white. 2 cars; No. 4 mixed. 1 car. Total. 20 cars. Rye—No. 2. 3 cars. Total. 3 cars. Local Wagon Wheat \ City grain elevators are paying 89 cents for No. 2 soft red wheat. Other grades on their merits. (Bv United Press) CHICAGO, Aug. 2.—Cash grain: Wheat —No. 2 red. $1.03® 1.04%; No. 2 red. $1.02 @1.02%; No. 1 hard. $1.07%® 1.08%; No. 2' hard, [email protected]%; No. 3 hard. $1.06% @1.07; No. 2 yellow hard, $1.06%; No. 2 mixed, [email protected]%: sample grade mixed, 6c. Coin—No. 6 mixed, 69c; No. 2 yellow, 70%® 71%c : No. 3 yellow. 70%@11c; No. 4 yellow, 70c: No. 6 yellow, 68%®69c: No. 2 white. 72%@72%c. Oats—No. 2 white. 49®49%c: No. 3 white, 44%@47%c; No. 4 white. 42®43c; sample grade white, 41 %@4l%c. Rve —No sale. Barley—Qifcitable, 58® 94c Timothy— sll.lo® 11.60. Clover seed—slo.7s® 15. Cash provisions —Lard, $7.50; loose. $6.90; leaf, $6.87; Bellies, $10.30. TOLEDO. Aug. 2.—Grain close: (Grain in elevators. Transit biling) Wheat—No. 2 red. $1.03%@1.04%. Corn—No. 2 yellow, 75®76c. Oats—No. 2 white. 50@51c. Rye —No. 2. 78%@79%c. 'Track prices, 28%c rate) Wheat—No. 1 red. 99%c@$l: No. 2 ®.71%c; No. 3 yellow, 70®7f)%C: No. 4 yellow. 69®69%c. Oats—No. 1 white 48%@50c; No. 2 white, 47@48%c; No. 3 white. 44@47%c. ST. LOUIS. Aug. 2.—Grain close: Wheat—ln quiet demand. 1% to 2c higher on red and steadv to %c higher on hard; No. 2 red. $1.00%® 1.02 early, $1.00% at close: No. 3 red. $1®1.00%; No. 4 red, 99%c; No. 2 red garlicky. 96c: No. 3 red garlickv, 96c: No. 4 red garlickv. 95%c: No. 1 hard. SI.08; No. 2 hard, $1.07: No 3 hard. [email protected]%; No. 2 light garlicky. 99c: No. 2 mixed. $lO7. Corn—ln fair demand, unchanged: No. 2 yellow. 71%c; No 3 yellow.. 71%c: sample yellow*. 70c, No. 2 white. 74%c; No. 3 white. 73@73%c; No. 4 white. 71 %c. Oats—ln fair demand. %c higher: No. 2 white. 47%c; No. 2 mixed, 47%c No, 3 mixed. 44%c; sampie mixed. 42c: No. 2 red, 48c. Rve —No. 3.85 c.

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AUG. 3, 1934

PROFIT-TAKING TURNS WHEAT PRICESUNEVEN Weather News Unchanged; Oats, Rye Slightly Higher. BY HARMAN W. NICHOLS United Pres* Staff Correspondent CHICAGO. Aug. 3—Profit taking came into the market today ar.d wheat prices were unsettled at the opening of the Chicago Eoard of Trade. Wheat started 4 cent higher to * cent lower, corn was 4 cent lower to 4 cent higher, oats were up 4 to * cent, and rye was up 4 to 4 cent. Weather news was about unchanged. The middle west remained dry with only scattered showers in widely separated areas. The southwest was hot and dry with temperatures at many points well over the 100-degree mark. Liverpool wheat opened strong with unsettled weather hampering harvest in many sections. Chicago Futures Range —Aug. 3 Prev, Wheat— High Low. 1 00. clove. Sept 1.03 4 1 024 1P3% 1034 Dec 1 OS 3 * 1 044 1 054 105* Mav 1 074 1.074 1.074 lv: , Corn— Sppt .714 .70 s * .70 4 .70 4 Dec, 74 4 .73 4 . 734 .73 * May 78 4 .78 78 4 .78 Oats— Sept 4fi 7 s .46% J 464 .46'-* Dec .484 484 -484 48 May 50 4 -50 .50 .50 Rve— Sept 76 4 764 .76% .76^ Dec 784 .78 4 .784 .78'* Barley— Sept 614 .61 Dec -63 The above quotations are lor new options. CHICAGO PRIMARY RF.CEIPTS —Aug. 2 —Bushels— Today. Last week Wheat 883 000 1.029.000 Corn 1.633 00 1.755,000 Oats 342 000 184 000 FRANCE MAY RE-ENTER WORLD WHEAT MART Current Vear Crop Estimated at 250,000,000 Bushels. By r lifted Press PARIS, Aug. 3—France is likely to enter the world wheat market soon for the first time in three years because of a deficient crop this season. For the past two years France has reaped bumper crops of about 350,000,000 bushels a year, but present estimates place the 1934 crop at not more than 70,000,000 quintals, or 250.000,00 bushels. The 70,000.000 bushels held in storage from previous years is expected to be entirely absorbed by this year’s deficiency, as the nation requires about 300,000,000 bushels for domestic consumption in addition to 39,500 bushels for cattle feed and sowings.

WINE, LIQUOR IMPORTS STEADY DURING JUNE Whisky Purchased Abroad Amount to 51,557,167 in Month. By United Press WASHINGTON, Aug. 3. Wines and liquors imported during June amounted to $3,010,903, the com--merce department announced today. This was approximately the same as during the preceding month. Whisky was the largest item, amounting to $1,557,167. Canada and the United Kingdom together accounted for more than 90 per cent of whisky imports. Leather exports increased 51 per cent in the first half of 1934 over the same period in 1933. The increased value, amounting to $8,197,357, was attributed to higher prices.

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