Indianapolis Times, Volume 46, Number 78, Indianapolis, Marion County, 10 August 1934 — Page 26

PAGE 26

Wall Street Speculators Get Better Run for Their Money in Commodities. —BY RALPII HENDEBSHOT — Tim Sp#'i>l Vinanrtal Writer

American speculators undoubt- . edly have turned from stocks to commodities. This is evidenced by th* sharp drop in dealings on the New York Stock Exchange and the corresponding increase in the turnover in the leading commodities, especially the grains. And. from ail Indications, these speculators are

llrndershot

ex r har.ces has placed such a hedge around speculative operations that the opportunity for manipulations has been about eliminated. Moreover. the exchanges have been criticised so much during the last few months and the markets have acted so badly that the public appears to have lo.*t interest in stock trading. Another factor, of course, is the uncertainty surrounding business. Speculators like to have a rather clear-cut picture of a situation before taking large positions, and they have that in grain and many other commodities and lack it in stocks. The drought and the artificial crop limitations by the government have brought about a shortage of grams which would seem to forecast higher prices. n n a FURTHER the switch of specuW lative affections wall be a good thu g for the country remains to be seen. The administration has express# and a desire for higher cornmodi'■ pr to aid the farmers, and no doubt so long as the trend of commodity futures is upward no complaints will be forthcoming. But every speculative excess breeds trouble. Excessive price increases bring sharp declines. What will the government have to Say when and if commodity prices take a plunge downward? What will the fanners say? Will an attempt hr made to regulate the commodity exchanges at some later date? Will the government ever catch up with the speculator, and will it be a good thing if it docs? BUB WALL Street continues to watch every move of President Roosevelt very closely for some hint as to his future financial policy. Europe apparently also is deeply concerned over his actions. Recently France sold dollars on the theory, so it was said, that the United States is headed for inflation. London was understood to hold different ideas. B B B THE Street is unable to make up its mind how the cat is likely to jump. It expects inflation sooner or later, but it doesn't have any definite idea when it will come. Artificial inflation and government financing do not mix so well, so many in the financial district think that in view of the expected government financing inflation will be postponed for a few months at least. N. Y. Coffee. Sugar Futures —All* 9 COFFEE —Santos— High. Low. Close. March It 16 1! 04 11.14 May 11.18 11 08 11 13 July 11.21 September 11 00 10 84 10 98 December 11 10 10 97 11.08 —Rio— March 8 *2 8 31 8.41 May ... 8.47 July - ■ . •’I September 8 20 8 09 8 18 December 8.32 8.24 8.30 SUGAR High. Low. Close January 1 87 1.85 1.87 March 191 189 191 Mav 1 97 1 95 1 9o Juiv 2 01 1 98 2 00 September 1 80 1.78 1.80 December ............ 187 185 187 In the Cotton Markets —Aug 9 CHICAGO High Loo Close January UlO 19 74 14 10 March 14 23 13 86 14 23 Mav 14 29 13 94 14 29 October 13 90 13 55 13 90 December ............. 14 08 13.70 14.04 NEW YORK January 14 03 13 70 14 01 March ................. 14 15 13 SO 14 12 Mav 14 23 13 85 14 18 July 14 21 13 93 14 21 October 13 84 13 50 13 82 December 13 9* 13 63 13 96 NEW ORLEANS January .............. 13 98 13 69 13 97 March 111 ’*3 S2 14 10 Mav 14 14 13 86 14 15 July 14 20 October 13 81 13 49 13 79 December 13 95 13 63 13.93 Retail Coal Prices The toiiowlnc prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed A 25-cect carrying charge per ton trill be added: DOMESTIC RETAIL PRICES Anthracite 813 50 Brani Lump 590 Brazil Egg £! Bran! Mine Run 5 .5 Coke. Nut Size 8 SO Coke. Egg Sire 8 25 Indiana Forked Lump No 4 and 8. 575 Indiana Ess - *7s Kentucky Lump. Group 15 Pocahontas Lump 835 Pocahontas Esg _ 835 Run • 00 New H .er Smokies* 8 00 Births Jacob and Marv Herald. St. Vincent's toospi’al. Wa'.ker and Cora Goodm. 528 East Ray. Blond Charles 3rd Edna Eberg St. Vincent s hospital Carl and Lucille Merer. St. Vincent's ipfuifp' and Marv Rue/T. St. Vincent's hospital Leo and Kathryn Mahoney St. Vincent's hospital. Robert and Ruth Ritter. St. Vincent's hospral Slater and Ruth Bsr*iow. St Vincent's hosmtal. _ Sherrill and Nellie White. Coieman hosB ’wtuiam and Mav Weaver. Coleman hosSt wllbur and Margaret Coleman. Coleman hospital _ . . Paul and Marv Summers. Coleman hospital Kenneth and Katherine Purer. Coieman hospital Vladimir and Alexander Meditch. Coleman hospital . _ , Claude and Ler.etta Keesnng. Coleman liospi? •! Joe and Paul.ae Davis. Coleman hospltaL _ Girls Carl and Neva Boehm. St. Vincent's hospital . . Leo and Etta Sigman St. \ incest a hospital John and Cathleen Miller. Cc.eman hospital William and Thelma Rhoads. 3054 North Dearborn _ Twins Wavne and Mary Walden. St Vincent's hospital tgirU).

STOCK SHARES RECOVER AFTER EARLY TRADING U. S. Steel Shipments Drop 62.46 Per Cent From June Total. RY ELMER C. YVALZER I nltrd Fre* Financial Editor NEW YORK. Aug. 10—Prices held around noon levels in the early afternoon dealings today. The list was off fractions to more than a point from the previous close, but 1 to 2 i points above the day's lows made in I the early dealings. Steel common was at 33’*. off l 1 *; Tfruted States Smelting 135*2. of! | 1 1 2 ; de Pasco 39 %. off 1; fChrysler 31'.. off 1%, and Atchison 48. off I*4. Traders considered the behavior of the list good in view of the i monthly report on United States Steel Corporation shipments of finished steel products. The total declined 62 46 per cent from June to 369 938 tons, a bigger than anticipated drop. Steel common was not subjected to selling and the general market, ignored the news. There were two favorable factors to offset the steel report—car loadings and July building. The loadings total of 611.298 cars for the week ended last Saturday was up 2.450 cars from the previous week. Building in July rose 21.7 per cent from the June figure. Money and Exchange INDIANAPOLIS BANK CLEARINGS —Aug. 10— Oarings $1.849 000 00 Debits 4.349 000 00 FOREIGN EXCHANGE •Bv Abbott. Hopoin Ac Cos.) —Aug. 3 Close. Sterling England $5 04% Franc. France .0661% Lira. Italv 0861 IVlg.as Belgium .2355 Mark Germany .3920 Guilder. Holland .6787 Peseta. Spain 1371% Krone. Nor'sav 2536 Krone. Denmark 2254 Yen. Japan 2936 Treasury Statement ißv United Press) WASHINGTON Aug 10 —Government expenses and receipis of the current fiscal year to Aug 8. compared with the corresponding period of the previous fiscal rear Expenses. $ 624.262 971 74 $377 286.678 97 Receipts. 329.751.312 61 239.676.159 11 Deficit . 294 511.659 13 147.610.519 86 Cash Bal . 2.352.953.457 58 Investment Trust Shares Bv Abbott. Hopoin Ac Cos. —Aug. 9. Bid. Ask. Am Bank Stocks Corn 100 104 Am <fceG/>neial Sec A 3 50 4.50 Am & Inv Tr Sh 1.75 Basic Industrv Shares 280 2.90 British Tvpe Inv Tr Sh .30 38 Collateral Trustee Sh A 4.00 430 Corporate Trust Shares toldi 1.79 1 83 Corporate Trust Shares (newi 2.04 2 09 Cumulative Trust Shares . 44 3.54 Diversified Trust Shares A . 6.25 Diversified Trust Shares B . fl 62 Diversified Trust Shares C . 2 66 273 Diversified Trust Shares D 4.10 425 First Insurance Stock Corp .50 100 First Common Stock Corp 51 .56 Fixed Trust Oil Shares A ... 7.00 Fixed Trust. Oil Shares B .. 600 Fundamental Investors. Inc 1.69 tB2 Incorporators Investments . 15 62 16 00 Land Bank Bond Shares ... 1.14 127 Lon Priced Trust Shares . 485 4.95 Mass. Inv Trust Shares .. .17.50 17.75 Nation Wide Seeurites 288 283 North Am Trust Shares 1531 1 69 Nor'h Am Trust Sh (55-56) 206 2.10 North Am Trust Sh fsß* - . 207 2.10 Selected Am Shares 2.16 Selected American Sh Inc .99 1.08 Selected Cumulative Shares 5.77 Selected Income Shares ... 239 3.50 Rid Am Trust Shares A ... 263 270 Trust Shares of America .. 2.53 259 Truster Srd 0:1 A 5.10 5.35 Trustee Std 0:1 B 4 50 4 65 U S Elec Lt Ac Pwr A .. 1112 11.62 Universal Trust Shares 2.62 2.67 New York Bank Stocks (Bv Abbott. Hoppin Ac Cos.) —Aug. 9 Bid. Ask. Bankers 59 59'a Brooklyn Trust 88 Central Hanover 127 128 Chase National 26 26% Chemical 41% 42 National Cltv 24 24'5 Corn Exchange 48 48% Continental 12 12 a Empire 18 . 181a First National 1.540 1.550 Guaranty 343 34a Irving 16 16 * Manhatten Ac Cos 28 * 29 Manufactures "0% 21 New York Trust 99 100 Public 31 31 * Daily Price Index (Bv United Press) NEW YORK. Aug. 9—Dun * Bradstret's daily weighted price index of thirty basic commodities compiled for the United Press: (1930-1932 Aierage 100) Todav (new 1934 high) 119 83 Yesterdav IJ9 19 Week aco }!5-§5 Month ago 3 & Year ago (Aug. 10) '• 105.65 1934 High (Aug. 3) }tJ -83 1934 Low (Jan. 3) ... 10105 Copyright. 1934. bv Dun A- Bradstreet. Inc.

got’ing a better run for their money in commodities than they had been getting in stocks One is not obliged to look far to di*rover the reason for the switch in interest The new law which was ena ct e and by the last congress seeking to regu late th e security

Bright Spots !Bv Abbott. Hopptn Ac Cos I

f S Ovpsum Comrar.v for the six month' ended June 30. earned a net profit of $1 141 668 after taxes, interest and depreflation eoual af'er dn iden.d requirements on the preferred stock to 73 cents a share. Gold Dust Corporation and subsidiaries for the six months ended June 30. report a net profit of $1.039. 103 after federal taxes, eauivalent to IS cents a common share. Archer Daniels Midland Companv declares a special dividend of 25 cents and recular quarterly dividend of 25 cents on common stock. Marriage Licenses Homer Daubenspeck. 31 Terre Haute, pharmacist, and Marv Wright, 30. R R. 16. Box 223. teacher Charles Johnson 28. of 3716 Kenwood avenue, salesman, and Gertrude Torbeck, 25 of 958 North Pennsylvania street, nurae. Herbert Gray. 49. of 3864 Park avenue, photoirapher. and Mary Powell. 32. Frankfort, housekeeper. Joseph Haller Jr . 25 of 1614 South Delaware street, clerk, and Frances Phillips, 24. of 1246 South Capitol awnue. stenographer Edgar Masser 23. of 1708 Gimber street, deliveryman, and Alice Outlaw. 22. of 425 North Blackford street, maid. James Ripes. 22. of 1306 Cornell street, laborer and Effie Martin. 22. of 814% East Wyoming s'reet houseworker. Lv man Irw in. 24 of 1934 Valley avenue warehouseman, and Ruth Hoskins. 20. of 224’ Wheeler street, housekeeper. Forrest McKetghan 24. of 647 North Jefferson street, clerk, and Thelma Carpenter. 24 of 1451 Central avenue, clerk. Elmer Galbreath 45 Winamac. electrician and Grace Bower. 34. of 545 North Sheffield avenue, nurse Kenneth Limbach. 22. R R 1. Box 203. farmer and Margaret Baker. 17, of 514 North Beville street, housekeeper. Plumbing Permits Joe Huber. 320 East St Joe six fixtures. Mason-Schenck. 3909 English, five fix-~Mason-3chenck. 350 South Hamilton, four fixtures Frar.x Isenthal. Highland and Michigan, four fixtures H Silverman. 18 West Market, one fixture C L. Wilkinson 1807 East Thirty-fourth, four fixtures E Waltz 1707 Prospect, two fixtures. Slean-Barker 1923 Wilkins, two fixtures Fred Sc hi 3 man. 572 Massachusetts, one “V a Wilson 1353 Udell, two fixtures Fred Karstedt. 1327 St Paul, three ftx"Fr'ed Karstedt. Indiana Central college, ten fixtures Business Failures Rise By Times .Special NEW Y’ORK. Aug. 10—Business failures as reported by Dun & Bradstreet for the week ended Aug. 2. totaled 220 as compared with 215 in the previous week and 352 for the like week a year ago.

New York Stocks Bv Abbott. Hooptn Ac Cos.

AVERAGE STOCK PRICES FOR THURSDAY Net High Low Close Change Thirty industrials 91.80 86-62 91.34 -2.37 Twenty rails 34.97 33.19 34.65 ~.72 Twenty utilities 20.76 19.48 20.69 *v.so Forty bonds 92.81 —.36 Ten first rails 100.27 —.59 Ten second rails 75.11 —.60 Ten utilities 98.67 —.12 Ten industrials 97.21 —.13 - Off. + Up.

—Aug 10— Prev. I Oils— High Low 10 00. close. I Amerada 46% 46' 48% 48% At. Rig 2o *4 a 24 7 24% | Barnsdall 7 7 ! Consol Oil ... 9 8% 8 a 8% Cont ot Del IS 18’* 13 18% ; Houston intwi 3% . 'Houston 'old) . .. 16'* 15 2 I Indian Rig •■ - • , i • Mid Cont Pet . . •• 11 11 Ohio Oil 10' 10% 10!* 10 Pet Corp 10 9'* 10 9% Phillips Pet . 17'* 17 1. * 1Plymouth Oil .. . • §'2 3, Pure Oil 8"* B'2 B’a 8* Roval Dutch ... , 34% ? 4 ' 4 Spd Oil 26’* 26*2 26% 26% Shell Cn 7% 7% 7% 7 Soc Vac • 1414‘/a 14 l4 2 S O of Cal • 34 33’* SOOf N J ... 44% 44 1 8 44% 44% Sun Oil • • , ”1 Texas Corp ... 22% 22',2 22% 22 2 Tidewater Assn. 10‘* 10 10 lO's L'n Oil of Cal .. 15% 15’* 15’* 16 Sleets— Am Roll Mills.. 17'* 16’* 16’* 17% Beth Steel 28. 28% 28’ 28% Byers AM 4 ® 4 Col Fuel Ac Iron ,f>,‘ 2 Cruc Steel 8 Ludlum Steel .. 13 12% 13 1- * McKeesport Tin 8b Mid Steel 8’ 8 * Natl Steel 38; Otis Steel ••• 4, 4 Hep Iron A Stl 14'a 13 7 13% 14/8 Hep I Ac St! ptd 40 2 U S Pipe Ac Fdv , 18G l§ s ft U S Steel 3374 7 34% 34% 3o U S Steel pfd 82 ‘ U S Steel pid 82 Warren Bros ■ • ,1 Youngstn SAT f7'* 17 17 17 Motors— Auburn ••• 20’* 20’* Chrysler 32'* 32‘a 32U 32,2 Gen Motors 30 1 * 30 30 30 Gen Motors pfd 10 2 “ Graham Mot * Hudson ° 7 2 Hupp Z’a 2!a Mack Truck 24 Nash 14 2 14 a Packard 3 * 3 Reo , i'* Studebaker 3 J Yellow Truck • Motor Access— Bendix t3V 13'n Bohn Alum 53.* Borg Warner fo'2 20 Briggs 16 *6 Budd Wheel ~,, 2’a Eaton Mfg 141* 14 * Eiec Auto Lite 18 Houdaille A 3 Mullins Mfg „7 ,2 Mullins Mfg pfd 22 Murray Body ••• s',* 5 Stew Warner 6, 4 Timken Roll ••• 27’* 27 4 Timken Det Axel , s -ft Mining—• Alaska Jun .... 21 20 7 20 s 21 ’* Am Metals • • e®, 2 Am Smelt 38'2 38U 38'* 38 * Anaconda 13 12 7 g 12, 13 Cal & Hecla • • ■■■ A % * Cerro De Pasco 40 39?* 39’* 40Tb Dome Mines 44 V 2 4a Granby 3 Gt Nor Ore 10'a 10 Homestake Min Howe Sound .a4 53 5 53’* a4 7 a Ks SUBS'.:.::: *• 'fei 4* Int Silver 27 3 4 25 Ken nl Cop 20'/* '19" 2 'lgia 20Vi Mclnt Mine 48,* 45 Noranda Cop ... • ••• 43 Park Utah 4% 4> 2 4*6 4 * Phelps Dodge J6'* }b ft St Joe Lead .... • 19*4 19 U S Smelt 136-5 134>5 134' 2 137 Vanadium 19 17 - 2

Amusements — Croslev Radio }•>% Fox Thea ■ • • * 10*2 Loews Inc 27% 26% 26% 2/% Radio Corp 5% 5% 5% 5% RKO • ■ 2 2 Warner Bros 4% 3% Tobaccos— Am Sum Tob 17 Am Tob “A” 72 Am Tob -B" 74% Lie* AMv ••B" ?5% 95 Lorillard • • • I*7* 1 */8 Revn Tob “B”.. 4848% 48% 45% Rails— Atchison *9% Atl Cos Lines ... •• • ••• 28 B A O 16 15 7 a 15% 15% Can Pac 14% 14% Ches & Ohio 43 42% Chi & Gt W 2 2 Chi & G W pfd .. ... .. 4% C M & St 3% 3'B 3*i 3% CM& S P pfd . 5% 5 5 4% Chi N W ,6 Dela &Hd . ?9'* Dei Lac & W 16 8 16 s Erie 13% 13U Erie pfd - • , if Grt Northern pf • 14% 14^4 111 Central 16V4 16 16V4 16 s K C Sou • 8 Lehigh Valley 11% 1} ■* Lou A Nash 43 41 MKA T 6 M K & T pfd 15*8 Mo Pac pfd 3,2 N Y Cent 21*2 22 N Y C & St L pf • 19 va N Y New Haven 10*2 10% N Y Ont & West . ••• • 5% NOl Pac 16 s a 16 5 a 16* r Penn R R 22 *2 22% 22% 22 2 Sou Pac 17 3 4 li% 17*4 17% Sou R R 14% 14% 14 2 15 Sou R R pfd ... 17% 17% 17% 18% Union Pac • 94% 93*4 93 3 4 9a 4 West Maryland 8% Equipments— Allis Chalmers 13% 13 Am Brake Shoe 22 2 Am Car & Fdy. 16% 15% 16% 16% Am Loco 17 Am Mach * Fdy 13*/a 13% Am Steel Fdy - • 13% Bald Loco ... B's 8 8 7% Bald Loco pfd 33 Burroughs 11% 11% Case J I 40% 40% Cater Tract , 26*2 26-4 Deere &Cos ... 14% 14*4 14*4 14% Foster Wheeler 11% 11% Gen Am Tk Car .. ... ••• , 32 Gen Elec 19*4 18 a 18 s 19 4 Ingsol Rand 54 2 Int Harvester 26 4 Natl Cash Reg 13% Pullman Inc • 40' 8 Rem Rand . 9 § Und Elliot -• 45 West Air B „ ••• %% 17% Westingh Elec . 32 3 s 32 32 33% Worthington Pm 17 Utilities— Am & For Pwr f% Am Power & Lit . 5% 5s AT&T 110 111% Am Wat Wks 18 16% Brook Un Gas 59% Col Gas & Elec 9% 9% Col G & E pfd ~ Com & Sou . • „1% _*% Consol Gas . 28*8 28*4 28*4 28 Elec Pwr A- Lit . 4*4 4% 4% 4 E P A L pfd . 8% Int Hvdro Elec j. B Int T & T 10 9% Lou GAEA... ... *■_ 13,8 Nat Pwr At Lit 8% B*2 North Amor 14*2 14 Pac G A- E la ‘4 Peoples Gas 24*2 . Postal Tel pfd 13*2 Pub Serv N J ... .. ... 33 3 e 33 So Cal Edison 14% Std Gas 9 B's Std Gas pfd 9 8% Stone A- W'ebster 6 5% United Corp 4% 4 Un Gas Imp 15*4 10% Ut Pwr A- Lit A 2*4 Western Union 36*s Rubbers — Firestone 15 Goodrich . •- 11% 11 Goodyear 22% 22% 22 3 8 3s Kelly Spring... • • '2 U S Rubber . . . 16*. 15% 15 3 4 16% U S Rubber pfd 37*; 37*4 37% 38 Miscellaneous— Am Bank Note. • ■ .•■ 15 15 Am Can 95*2 95 95 96% Brklvn Man Tr. 42 41% 41% 41% Conti Can 78% Crown Cork *4 .• Curtis Pub .. • 18*4 18 18 I<% Curt-.s Pub pfd ”% •£ Eastman Kodak 98 Gillette 11% 11% Glidder • ••• •• *3 4 Inter Rapid Tr 9*. 9 9 9% Ravbestos Mfg ••• 1* Foods— Am Sugar .. , 67 Armour "A 5 % ,f 3 Beatrice Cream ”4 Borden Prod .. •- • Cal Packing 39 ! 39% 39% 39% Canada Dry G A 15 2 16 Coca Cola s?. 2 Corn Prod 5 ‘ * 2” 4 Crm of Wheat 36 Cuban Am Sugar _ a :. • 4 Gen Foods 39% 29% Gold Dust if, 4 G W Sugar •* Int Salt " Natl D Prod ... 17% %% 1;% 1 Natl Biscuit 33*2 33% 33% .3% Puritv ii S Por Rico Su .. ■■ Std Brands .... 19 3 4 19% |9% 19% United Fruit 10% *°% Wriglev 64 Retail Stores— Asso Drv G ... 10% 10 10% 9% Best A- Cos 31 31 First Nat Sto 66 67 Gimbel Bros 3*4 Hahn Deo Sts . 4% 4% 4% 4% Kresge S S 17*2 1% Kroger Groc Macs RH - . 40% Marsh Fields 10% 10% Mav Dent St ... ... ■ , 34% Mont Ward 23 22% 22% 23. Natl Tea 10 9% Per.nv J C A 5.4 Safewav St 46% 45 , Sears Roebck 34 35 Wool worth ••• 49% 49% AviationAviation Corp •••• ••• 5% 5 B£*re--:::: s ::: 2%

THE INDIANAPOLIS TIMES

Douglass Air ... 18 J 18' 18 7 * 17’g Nor Am Av ... 4 3 7 3 7 3’* Speerv Corp R ! 8 8 B'* Unit Aircraft .. 16'* 15 ! 2 15'.2 16' Wright Aero ... ... 47’* Chemicals— Air Reduc 9B Allied Chem 129 Arrr Com Also 26' a 26 1 2 Col Carbon 63 67’* Com Solvents .. 19 18’ 18’a 19 Dupont . ... 89' 88 88 89'* Freeport Tex .. 29 : 2 29'* 29', 29'* Liquid Carb .... 21 ! 2 22 Math Alkali - . 28 27'3 27'3 27' 2 Montoson Chem 50‘* Natl Dis (new.. 19' 2 19’e 19' 2 19** Schenelev Dlst . 21 20’* 20’* 21 Tex Gulf Sulph 32'* 31 7 g Union Carbide 41 40’* U S Ind Alcohol 38 7 s 38',2 Vir Chem pt 14 Drugs— Coty Inc ... 5 Lambert ... 24 23’a Lehn & Fink 17'2 Un Drug ... 12'* 11 '.2 Zonite Prod 4 4 Financial— Adams Exp ..... ... 7'* 7'/* Allegheny Corp 2 Am Int Corp 6? , 6 Chesa Corp 39'4 Lehman Corp .... 67'2 Transamerica 6'a Tr Conti Corp 37a Building— Am Radiator ■■ 12’ 12'2 12 5 a 12 5 r Gen Asphalt ... 14V* Int Cement 22'* 20' a Johns Manville. .. ... 43’* 43 Libby Owens Gls ... ... 28** Otis'Elev 14’i 14-* Household— Col Pa! Peet 14 7 a 14% 14% 14'2 Congoleum ... ... 27'* Kelvinator ... ... 12'/a Mohawk Carpet . • 17 Proc Ac Gamble. .. ... 36% 36% Simmons Bed 10 7 8 107a Textiles— Amer Woolen ... 9% Belding Hem H’i 11% Celanese Corp 21’* 22 Collins Alkman.. 12'* 12% 12% 12% Gotham Hose ... . • 5% 5 Indus Rayon ... 23% 23 23 21% New York Curb (Bv Abbott. Hoppin & Cos.). —Aug. 9 Close; Close Allied Mills ... 7%|Humble Oil ... 42% Alum Cos of Am 56 Imp Oil Ltd .. 14'* Am Cyanide B 18%iHud Bay Min .. 14% Am Gas & El 22%Jnt Petrol 26% Am Superpower 2 Lake Shore Min 55% Ass Gas Ac El % Libbv McN Lib. 67* Brazil Tract&Lt 10 iLone Star Gas. 5 Can Marc .. l%iMt Producers • 4% Carrier Corp . 9% Natl Bellas Hess 2% Cities Serv lls Newmont Min . 48'* Consol Gas of 861 Nia Hud Pwr . 4% Cord Corp .. 3%|Novadel Agene . 20 Creole Petrol . 12 Park Davis 24% Deere Ac Cos .. 14’s'Penn Road ... 2 Distillers lim . 22% St Regis Paper 2’a Distillers C’orp. 13%:5al Creek Prod. 7% Dow Chem .. 72% Std of Ind .... 25% El Bond Ac Sh . 12 |Std of Ky .. .. 15% Fisk Rubber . B%iTeck HughesGld 7% Ford of Europe 8% Un Gas 17 Gen Aviation 4% Un Pwr it Lt A 2 Glen Alden Coal 20%i Wright Har Min 10 Hiram Walker . 25%

Chicago Stocks ——“ <Bv AOdott. Hoppin Ac Cos i

—Aug. 10— High. Low. 11:00. Bendix Aviation 13% 13 13 Borg Warner 20% 20% 20% Butler Bros 7'% 7% 7'/* Chicago Corp com .. 2 Commonwealth Edison 46% 46% 46% Cord Corp 3’* Electric Household 14% Marshall Field & Cos .. 10% General House Util .... 9% 9'/4 9% Iron Fireman ... 14% Kingsbury Brew Cos . . 2% Libby McNeil 6% %% 6’,* National Standard 25 Noblitt Sparks Ind Inc 12 Prima Cos 3% Quaker Oats 118 Swift Ac Cos 18V* 17 7 a 17% Swift International .... 36% 35-% 36% Thompson JR 5 Utility & Ind %

Bond Prices By Fenner Ac Beane ——

—Aug. 10— High. Low. 10:00. AT&T db 5s ’65 109 108% 108% Atchison gen 4s ’95 102% Beth Steel 5s A ’36 103'/* Can Pac 4s ’57 80 79% 80 ChMStP&P adj 5s A 2000 . 9 ChMStP&P rs 5s A ’75. 30 29% 29% Denmark 5%s ’55 ... 90% French 7s ’49 ■ • 386% Goodyear 5s ’57 101% 101% 101’., Gt Nor 4%s D '76 .. ... 66% Gt Nor 7s A ’36 87 Interboro RT 5s ’66 . ■ ■ 73 Nat Dairy db s'*s '48... 98% 98% 98% NY Cent 4%s O 2013 64% Pac Gas & El 5s A '42 106% Poland 7s '47 115% 115 115% Sin Cons 5%s B ’3B ..104% 104‘i 104% Texas Corp 5s '44 ...103'* 102% 102% Tob Pr NJ 6%s 2022 107 Un Pac Ist 4s '47 . . ..105% 105% 105% Ygstwn S&T 5s B ’7O 85 U. S. GOVERNMENT BONDS (By United Press) NEW YORK. Aug. 9.—Closing liberties. (Decimals represent thirty-seconds.) —Liberty—--3%s (32-47) 104. First 4Us (32-47) 103. Fourth 4',is (33-38) 103.16 —Treasury—-4’*s-3'!s (45) 102.16 4%s (47-52) 112.28 3%s (43-47) 104.1 3’aS (41-43) March 105. 3%s (40-43) June 105. 3'*s '43' 104.16 3%S '46-49) 102. 3s (51-55) 101.4 FEDERAL FARM LOAN BONDS (By Blyth & Cos., Inc.) —Aug. 10— Bid. Ask. 4S July 1. 1946-44 99% 100 4s Nov. 1. 1957-37 99% 100 4s Mav 1, 1958-38. 99% 100 4'is July 1. 1956-36 99% 100 4'*s Jan. 1. 1957-37 99% 100 4%s Nov. 1 1958-38 100% 100’,* 4%s May 1, 1942-32 99% 100 4%s Jan. 1. 1943-33 99% 100 4%s Jan. 1. 1953-33 99% 100% 4%s July 1. 1953-33 99% 100% 4%s Jari. 1, 1955-35 99 100 4%S Jan. 1. 1956-36 99% 100% 5s Mav 1. 1941-31 99% 100% 5s Nov. 1. 1941-31 99% 100,% —Home Loan—--3s Mav 1. 1952-44 9926 100 00 4s July 1. 1951 99.27 100.01 —Federal Farm Mortgage Corporation—--3%s March 15. 1964-44 101.04 101.12 The three latter quotations are in thirtyseconds.

Deaths Alfred Manning. 58. city hospital, septicaemia. Lula Tieman. 48. Long hospital, carcinoma Joseph M Parrish. 71. of 123 North New Jersey, cerebral thrombosis. Diza Mae Huddleston. 46. of 43 North Jefferson, chronic myocarditis. Jesse James. 40. of 414 North Senate, ■chronic myocarditis. Robert Garfield Henderson, six months, 904 Edgemont. gastro enteritis. Fred F. Holtz. 63, Veterans' hospital, chrome myocarditis. John Cash. 65. Long hospital, acute cardiac dilatation Rev H Graves. 55. Methodist hospital, pulmonary embolism. Perry A. Jones. 46, of 1607 Kelly, lntra cranial tumor. William Maddox. 72. of 546 Drover, acute cardiac dilatation. Merrill J. Brown. 47. St. Vincent's hospital. carcinoma. Isola Mae Wilson. 64. St. Vincent's hospital. myocarditis. Elizabeth Black Morgan. 73. St. Vincent’s hospital, carcinoma. Edward Becker. 43. of 2459 College, coronary thrombosis. ZINC OUTPUT LOWER Total Production in July Amounts to 24.943 Tons. By Times Special CHICAGO. Aug. 10.—United States supply of zinc at the end of July amounted to 97682 short tons as compared with 99.689 at the end of June and 108,157 at the end of July, 1933. July production was 24.943 tons against 25.143 in June and 30.869 in July of the preceding year. Shipments in July totaled 26.950 tons as compared with 30,186 for June and 45,599 in July of the last year.

SWINE VALUES RESUME SHARP GAINS AT PENS * All Classes Generally 15 Cents Higher: Veals Advance. Another sharp advance, marking the third in succession, was registered in the hog market in early trading at the Union Stockyards this morning. Initial prices generally were 15 cents higher than yesterday's average. The unexpected sharp upturn in porker values this week has been attributed mostly to extremely light receipts and a noticeable improvement in demand. The bulk of 160 to 200 pounds was selling at $5.30 to $5.50 today, while choice grades on hand, weighing 200 to 300 pounds, brought $5.55 to $5.65, anew high for the current year. Light supplies, scaling from 130 to 160 pounds, sold at $4.15 to $4.65. Extremely small slaughter pigs, weighing 100 to 130 pounds, cashed in at $2.90 to $3.90. Packing sows held at $3.85 to $4.75. Receipts were 4,500: holdovers, 376. Trading was of little interest in the cattle market and practically all classes remained unchanged with the previous close. Early supply of steers and heifers was plain. Cows were strong. Receipts numbered 700. Strong undertone featured early trading in veals and prices moved around 50 cents to $1 higher. Most lasses sold at $6.50' down, while top was $7. Receipts were 700. Lamb values continued stationary with initial trading scarce. Bulk of ewe and weather classes was salable at $7 to $7.50. Bucks brought $3 to $6.50. Throwouts ranged from $4.50 to $6. Receipts were 1,000. Asking was sharply higher on hogs at Chicago with no early bids evident. Receipts were estimated at 14.000, including 5,000 directs; holdevers, 3,000. Cattle receipts numbered 3,000, including 2,000 government cattle; vealers were 3,000, including 2,000 government calves; market unchanged. Sheep receipts were 8,000; market steady.

Aug. Bulk. Top. Receipts. 4. $4.85® 5.05 $5.20 2.000 6 5 00® 5.20 5.40 5 000 4.90® 5.10 5.30 6.000 8. 5.00® 5.20 5.40 4,500 9 5.15® 5 35 5.50 4.500 10. 5.30® 5.50 5.65 4.500 Market, Higher. (130-160) Good and choice .. $4.40® 4.65 —Light Weights—-(l6o-180) Good and choice... 5.30® 5.40 (180-200) Good and choice... 5.45® 5.50 —Medium Weights—-(2oo-220) Good and choice... 5.55® 5.60 '220-250) Good and choice .. 5.60@ 5.65 —Heavy Weights—-'2so-290) Good and choice... 5.55® 5.60 '290-350) Good and choice... 5.45® 5.55 —Pecking Sows—--1250 down) Good 4.35® 4.75 ' 250 lbs.) Good 4.25® 4.50 'All weights) Medium 3.85® 4.35 —Slaughter Pigs—-(loo-130) Good and choice... 2.90@ 3.90 CATTLE • Receipts, 700; Market. Steady. Good and choice $ 6.50® 8.75 Common and medium 3.00® 6.50 (1.100-1.500) - Good and choice 7.00® 9.00 Common and medium 5.00® 7.00 (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® 5.00 —Cows— Good 3.25® 4.00 Common and medium 2.50® 3.25 Low cutter and medium 1.25® 2.50 Bulls (yearlings excluded) Good (beef steers) 2.75® 350 Cutter common and medium. 1.50® 2.75 VEALERS Receipts, 700; Market, Higher. Good and choice $ 6.00® 7.00 Medium 4.50® 6.00 Cujl and common 2.50® 4.50 —Cdlvcs Good and choice 4.50® 0.50 Common and medium 2.50® 4.50 —Feeder and Stocker Cattle— Good and choice 4.00® 5.25 Common and medium 2.75® 4.00 (800-1.5001-Good and choice 4.00® 5.50 Common and medium 2.75® 4.00 SHEEP AND LAMBS Receipis, 1,000 —Market, Steady. Lambs. 90 lbs. down, good and choice $ 7.00® 7.50 (90-110 lbs.) Good and choice 6.50® 7.25 (90 lbs. down) Com. and med. 4.50® 6.50 —Ewes— Good and choice 2.00® 3.00 Common and medium I.oo® 2.00

Other Livestock (By United Press) CHICAGO, Aug. 10.—Hogs—Receipts, 14,000, including 5.000 directs; market, slow, about steady with Thursday; 210-300 lbs.. $5.25® 5.35; top, $5.40; 170-200 lbs., 54.75®5.25; light lights, 54.25®4.75; pigs, $3.50 down; packing sows. $4.15® 4 50; light lights. 140-160 lbs., good and choice, 54.25®4.85; light weights. 160-200 lbs., good and choice. $4,654/5.25; medium weights. 200-250 lbs., good and choice. 55.15® 5.40; heavy weights. 250-350 lbs., good and choice. $5.10®5.40; packing sow:. 275-550 lbs., medium and choice. $3,504/ 4.60; slaughter nigs, 100-130 lbs., good and choice, [email protected]. Cattle—Receipts. 3,000 commercial. 3.000 government; calves, receipts. 1.000 commercial. 2.000 government; most classes very slow; weak, spots, 10® 15c lower; all heifers and cutter cows about steady; vealers. steady to weak; four loads around 1.225 lbs. western led steers. $9 to shippers: best light yearlings at $7.60: bulk fed steer crop comprises $5,504/7 kinds: fat cows mostly 52.50®3 25: cutter grades, $1,254/2.25; few sausage bulls. $2.75® 3; sdected vealers. 56.50: bulk $5,504/6 slaughter cattle and vealers: steers 550-900 lbs . good and choice. $5,754/8 25; 900-1.100 lbs., good and choice, $64/9; 1.100-1.300 lbs., good and choice, $6.25® 9.50- 1.300-1.500 lbs., good and choice. $6.75®9.75: 550-1,300 lbs., common and medium. $2.25®6.75; heifers, 550-750 lbs., good and choice. ss® 7.25; common and medium. $2.25® 5; cows. good. $3®4.75: common and medium. $2,354/3: low cutter and cutter. $1.25® 2.35: bulls, yearlings excluded, good beef, $34/3.50: cutter, common and medium. $2®3.15; vealers. good and choice. 55.25®6.75: medium. S3® 5.25: cull and common. $2.50® 3; Stocker and feeder cattle: steers. 5501.050 lbs., good and choice. $4.25® 5.25; common and medium. $2 50® 4. Sheep— Receipts. 8.000: lambs slow: few sales and indications steady: some bids lower: good to choice native. $7.50® 7.75; as yet nothing done on yearlings and range lambs; sheen steadv; native ewes, $2®2.75 mostly; slaughter sheep and lambs: lambs 90 lbs. down, good and choice. $6.90®7.75; common and medium. $4.75® 7; ewe, 90-150 lbs., good and choice. s2® 3: all weights, common and medium, $1.50®2.50: feeding lambs, 50-75 lbs., good and choice. 55.35 @5.85. FT WAYNE, Aug. 10—Hogs—10® 15c higer; 250-300 lbs . $5 55; 200-250 lbs., $5.45: 180-200 lbs.. $5.30: 160-180 lbs., $5 15 300-350 lbs.. $5.30: 150-160 lbs . $4.40: IFP-150 lbs , $4.15: 130-140 lbs.. $3.90: 120-130 lbs . S3 40; 100-120 lbs., $3,15; roughs. $4; stags. $2.50. Calves. $6.50: lambs. $7. LAFAYETTE. Aug 10.—Hogs—Market. 104/15c higher: 200-300 lbs.. $5 454/ 5.50: 180-200 lbs , $5.30® 5.35; 160-180 lbs.. $5.10 4/5 20: 140-160 lbs S4 15®4 40 125-140 lbs.. $3 65-/3.90: 115-125 lbs,. *3.15®3.40; 100-115 lbs.. [email protected]; roughs. $4.75 down; top calves. $6; lambs $6.50 down. (By Times Special) LOUISVILLE Aug. 10.—Cattle commercial. 100 government 1.000: salable supply slaughter cattle light market, slow, but generally steady at week's levels; bulk common to medium steers and heifers. $3 ®4 50: few low qualified grassy cutter grades down to $2.50: better finished fed offerings quotable. ss® 6; bulk beef cows. $2 504/ 3; good kinds and smooth heifer tvpes to $3 50 or belter: low cutters and cutlers. sl4/ 2 25: sausage bulls mostly $2 75 down; light Hereford stockers salable. s4®s. according to weight and quality. Calves—Commercial. 500 calves vealers. steady: buig better grades. ss® 5.50: lower grades. $4 down Hogs— Receipts. 600: market. 25c higher: 210-300 lbs $5 65: highest locallv since Sept 16, 193i 185-205 ibs $5 45: 305 lbs. up. $4 95; 160-180 ibs $4 65: 145-155 lbs.. $4 30: 120140 lbs . $2 90: sows. $3 40 grassy and unfinished hogs discounted Sheep—Receipts. 2 200. including around 200 stock ewes and 2to bucks for annual sale; lambs in light supply and quality only fair: market, steadv: bulk better ewe and wether lambs. $6 50@ 6.75: choice quotable to $7 or better: bucks discounted and most light throwouts $4: fat ewes. *16.2; bulk desirable stock efes. *[email protected].

U. S. Insures 40-Per Cent of Nation’s Bank Deposits

Membership of Insurance Corporation Totals 14.000. By i nital Pro* WASHINGTON. Aug. 10—More than 40 per cent of the nation's $40.000.000.000 bank deposits are backed by federal insurance, chairman Leo T. Crowley, of the Federal Deposit Insurance Corporation reported today. Crowley said more than 56.000.000 accounts totalling $16,000,000,000 were insured as of June 30. 1934. The figures were based upon old regulations, which placed a limit upon $2.5(00 or less as the maximum. Since then, the maximum has been increased to $5,000. The insurance, he said, cost less than six cents a SI,OOO. More than 14.000 state, national and mutual savings banks are members of the insurance fund against about 1,100 licensed banks, which are not, Crowley said. “We have suffered relatively little loss through bank failures. Only five have been'reported. They are at Pittsburgh, Peoria, Florence, Ind.. Lima. Ind.. and a small bank in Kentucky. Three were the result of defalcations,” the chairman asserted. He added that 188 banks. 133 being mutual savings banks in New York, signified their intention of withdrawing from the fund as of June 30 last, and that the FDIC was prepared to “make refunds to them totaling $9,273,783.” Crowley said the net operating loss for the six-months period for the FDIC was $921,076.53. Operating expenses, he explained, were $3,207,365.15 against income from investments totaling $2,388.781}.62. His report revealed that the FDIC had $227,782,343.36 invested in government bonds.

HOMESTAKE DECLARES EXTRA DIVIDEND OF $2 ! Rapid Electrotype Company Also to Make Payment. By Times Special CHICAGO, Aug. 10.—Extra dividend of $2 a share in addition to the regular monthly disbursement of $1 was declared by the Homestake Mining Company, a similar ! extra dividend was declared a month ago. So far this year dividends have totaled $lB, including the above payment. Dividend of 30 cents has been declared by the Rapid Electrotype Company on its common stock, the last payment amounted to 20 cents, while the payment before that was only 10 cents. The annual dividend rate of the Katz Drug Company was boosted by the directors by declaring a quarterly payment of 75 cents on the common stock. Quarterly disbursemant of $1.62'2 was voted on the preferred. On Commission Row —Aug. 10— Quotations below are average retail prices being offered to buyers bv local commission house dealers. Apples—Fancy Delicious. $2.25: Transoarents, $1.50(?11.75. Peaches, Georgia. Elbertas, bushel, $2.25. Plums, Italian, % bushel. $1.65. Oranges—California Sunkist. $5: Valencies. 54.25@)5. Lemons —Sunkist. $6(57.25. Grapefruit—Florida seedless. $4.25®4.50. Cantaloupes—lndiana juniors, flats. 75c: bushel, $1.50. Pears—Caiavos, $2.50 a box. Watermelons—2s@7sc. Bananas—A pound SC. —Vegetables— Sweet Corn—Home grown, doz.. 5(520c. Cabbage—Home grown, bushel. Sl(o<1.50. Celery—Michigan, at boxes. $1.25: medium, doz. 45c. Onions—California yellow. 50-lb. oag, $1.65. Potatoes—Eastern Cobblers. 100-lb. bag. $1.75: Idaho Russets. 100-lb. bag. $2: new. barrel. $2.85. Sweet potatoes—New Alabama bushel, $1.60. Beans—Round stringless, bushel, $2.50; flat stringless bushel, $2. Beets—mew. 2ac a dozen. Carrots—Home grown, bushel. $1.50: doz. 35c. Cauliflower—lOs-lls. crate. $1.75®2. Lettuce —Outdoor. 15-lb. basket. 85c; head lettuce crate. $6. Peas—Caiitornia. hamper. SB. Radishes—Ohio. 50 doz. bunches. 50c. Rhubarb—Home-grown, dozen. 25@30c. Spinach—Home grown, bushel. 65c. Tomatoes —Home grown—lo-lb. baskets. 65c; bushel. $1.50. CHICAGO FRUIT MARKET ißv United Press) CHICAGO. Aug. 10.—Fruits and vegetables; Apples—Michigan Dushess bushel. 50c4/$l Cucumbers—lllinois bushel. 50% 75c; Michigan, sl4/1.50. Tomatoes—lllinois lugs, 40c(/$l; Michigan, 12 qts., 50c 4/ sl. Sweet potatoes—Alabama bushel, SI. 404/ 1.50; Tennessee, $1,904/2. Peaches —Georgia bushel, $24/ 2.50; Illinois, $1,254/ 2.50. Lettcue—California crates. $34/3.75; Illinois boxes. 25c. Beans—lllinois green, bushels, sl4/125: Wisconsin a*d Ohio. $1,254/2. Cabbage—Wisconsin crates. 75c 4/$1.25 Cherries—Michigan, 16 qt . red sour. $1,254/2. Canteloup—lndiana crates, 754/90c: Michigan. 75c4/$1.50. Corn—lllinois sacks, 4 doz. yellow. 254175 c. Carrots —California crates. $2,504/ 2.75; Illinois bunches. 1%%2%C. Peppers—lllinois bushels. $143 1 25. Eggplant—lndiana bushels. $1,254/ 1.50. Pears —Michigan busneis. 75c43 51.25 Celery—Michigan crates. 50 4/75c. Western cauliflower crates. $1.50 4/1.75; Wisconsin bushels. 75c4351.50. Onion market 150-lb sacks)—California yellows. $143 1.25; California wwhites. 51.50 43 1 75; Washington Valencias. 95c4351; lowa yellows, 654/.75c; Indiana whites. 50c %$1.75. Produce Markets Delivered in indianapo ls prices; Heavy hens, 10c Leghorn hens, 6c. 1934 broilers. 2 lbs. and over. 13c Leghorn broilers 1% to 2 lbs. and over 11c bareback broilers | 10c; old roosters. 4c; ducks and geese, 3c; young guineas. 20c; old guineas, 15c; No. 1 > strictly fresh country run eggs, loss off | 13c. Each full case must weight 55 lbs. | ?ross; a deduction of 10 cents a pound i or each pound under 55 lbs. will be made. ] Butter—No. 1. 29®30c. Butterfat. 21c. Quoted bv Wadlev Company. (By United Press' CHICAGO, Aug. 10.—Eggs—Market, firm; receipts. 6.175 cases; extra firsts. I 20%c; fresh graded firsts. 19%c; current receipts 1643 18%c; dirties No. 1. 16c; No. 2. 12c; checks No. 1. 16c; No. 2. 12c. Butter—Market, firm; receipts. 13,115 tubs; extra firsts '9O-91% score). 254325%c: extras (92 score'. 26%c; firsts (88-89% score'. 23%43 24 ’ *c; seconds 'B6-87% score', 21%4322%c; specials 274)27%c; standards, 26' *c. Poultry—Market, steadyu receipts. 23 trucks; fryers, 15%4318c; broilers. 14%4315c; Leghorns, 16c; geese. 74i8c: turkeys. 14c; old roosters, B%c; hens. 11%4/13%c; black chicks. 104/12c; barebacks. 13c; cocks 8c; Leghorn cocks. 9c; colored springs. 17c; white rocks. 18c Plymouth Rock, 19c; ducks. 83 9c; spring ducks. 843 12c; colored Plymouth Rocks, 16c: Leghorns. 8%%10%c. Cheese—Twins. 1343 13%c; Daisies. 13'*4/13%c; Longhorns, 13%4) 13 *c. Potatoes’-Supplv moderate; demand and trading rather slow; market, weaker on Cobblers, steady on other stock; Cobblers: Wisconsin, $1334/1.45, Pennsylvania, $1,40: New Jersey. $1 45; Utah, $1 50; Kentucky. SI 40; Idaho Russets. $1.70: Idaho Triumphs. $1.6543 1.75. showing slight decay. SI 50®1.55: Virginia oarrel Cobblers. s'l2s. Arrivals. 50; on track. 110; shipments. 345. NEW YORK, Aug 10.—Potatoes—Weak; Long Island, 50c4/$l bag: New Jersey, 40c 4/$lO5 bag Sweet Potatoes —Dull; Southern bbl.. $‘1,504/5 25: Southern basket. 75c 45 $2 25. Flour—Higher: springs: Patents. $7 854) 810 bbl. Pork—Steady. Mess. $19.75 bbl. Lard—Firm. Middle West Spot— $5 754/ 585 a 100 lbs. Dressed Poultry—Firm; turkeys. 114i33c: chickens. 943 28c': broilers. 1643 22c; capons. 25 735 c: fowls. 94) 19c; ducks. 104/13%c. Long Island ducks. 11%4/15c. Live PoultrySteady; geese. 643 7c: turkeys. 104315 c: > roosters. 10c: ducks. 343 14c, fowls, 104-16 C; | chickens. 22c: broiler'. 124/23c. Cheese—j Firm- state whole milk fancy to specials, 1845 19c Young America. 14%c. Butter—Re-| ceiots 11.633 packages: market, serv firm; ; creamerv higher than extras. 27%4/28%c: extra (92 score', 27%c: first ‘9O to 91 score' 26%4/27c: first /88 to 89 score-, 24 %43 25 %r: *econds. 23% 43 24c Eggs—Receipts. 10 Cl 4 cases: market. steady: /pec.al packs including unusual hennery selections 24 43 26c. standards, 224/23c. firsts 19%4/20c: seconds. 18%c; mediums 17 4/ 17%c; dirties. 17 14 >4/17%c; checks. 15 ® 15%e CLEVELAND Aug 10—Butter—Market, firm: extras 30%c: standards. 30c. Eggs Market, firm; extra white. 22c: current receipts. 16%c: ordinary firsts. 13c. Poultry—Market firm: colored fowls. 4'c lbs. and up. 16c; old roosters. 10c: ducks, white, 5 lb3. and up. 14c. Potatoes—Virginia best, mostly $2.1322.25 a barrel.

Cash Grain

INDIANAPOLIS —Aug. 9 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 17%c to river, were: Wheat—S'rong No. 1 red. $1 0143 1 02: ! No 2 red. >l4/101: No. 2 hard. $101411.02 Corn—Strong: No. 2 white. 73 43 74c No j 3 white. 724/73c; No. 2 yellow 71%%72%c; No. 3 vellow. 70%"/71%c No 2 mixed. ! 70%4/71%-c: No 3 mixed. 69%4i70%c_ Oats —Strong No 2 white. 49 ! _■ hso%c: iNo 3 white 48% %49%'C Hit-S'eadv <f. o b. country points taking 23%c or less rates to Cincinnati or Louisville)—No 1 timothy. $134t13 50. —lnspections Wheat —No. 1 red. 1 car: No 2 red S cars: No 3 red. 1 car: No. 4 red. 1 car; No. 2 mixed 1 car Total. 7 cars. Corn - No 2 white 2 cars: No. 3 white. . 5 cars: No. 4 white. 2 cars; No 3 yellow. I 39 cars: No. 4 yellow. 6 cars; No. 5 vellow. | 1 car Total. 72 cars. Oats—No 2 white. 1 car; No, 3 white. 110 cars; No. 4 white. 2 cars. Total. 13 ! cars. Rye—No. 2. 1 car. Total. 1 car. Local Wagon Wheat Citv grain elevators are paying 97 cents for No. 2 soft red wheat. Other grades I on their merits. (By United Press) CHICAGO. Aug. 9—Cash grfin Wheat —No. 2 red. $1.10: No. 3 red. $1 09. No. 1 dark hard. 51.16 %c: No 2 dark hard. $1.15; No. 1 hard. $1.14%c; No. 2 hard. $1.14: No. 4 hard. $1 12; No. 2 mixed. 51.13%; No. 4 mixed. SI 07. Corn—No. 2 mixed. 76% 4/.78%c. No. 2 yellow. 774/ j 79%c; No. 3 yellow. 76%-4/78%c; No, 4 vellow. 76c; No. 1 white. 794/80c. Corn— Ko. 2 mixed. 76%4378%c; mixed. 78c; No. 1 yellow. 79%c: No 2 vellow. 77>/79%c; No. 3 vellow-, 76%4i 78%c vellow. 76c; No. I 1 white, 794380 c; No. 2 white. 78%c: i sample. 70<<i76c Oats—No 2 white. 54% I 43 55c; No, 3 w hite. 524/53c; No. 4 white, 49%4150%c. Bariev —Quotable. 604/95C Timothy. sl4 25014 50 Clover seed. $10.75 ■/ 15 25 Cash provisions—Lard $8 15; lcose $7.40: leaf, $7.50; bellies. sll. TOLEDO. Aug. 9.—(Grain in elevators, transit billing': Wheat —No. 2 red. $1.09% 4/1.10%. Corn—No. 2 yellow. 8343 84c. Oats—No. 2 white. 55415/C. Rye—No. 2. 88 % 4/89' jc. (Track prices. 24%c rate): Wheat—No. 1 red. $1.05%® 1.06%; No 2 red. Si.o4%ft 1.05%. Corn—No. 2 yellow. 79®79%c; No 3 vellow. 78®78%c; No. 4 vellow 77®77%c. Oats—No. 1 white. 54® 57c; No. 2 white. 53®54%c; No. 3 white. 50%@53%c ST. LOUIS. Aug 9—Grain close; Wheat —ln fair demand. %43 lc higher on red. and steady to %c higher on hard: No. 2 red, $i.05%43 1.06% early. $1.07% at close; No. 2 red garlicky. $1.01; No. 1 hard. $1.14® 1.15. Corn—ln good demand. 2®4c higher: No. 3 vellow. 794/80c: sample white. 68c. Oats—ln limited demand. %c | higher: No 2 white. 54c: No. 2 mixed. I 53c; No. 3 rye. 97%c. Chicago Futures Range —Aug. 10— Wheat— Prev High. Low. 10 00. close. Sept 110% 109% 1.10% 1.10% Dec 1.13% 1.12% 1.13*4 1.12% May 1.16% 1.15% 1 16% 1.16% Corn— Sept 80 78% 80 .79% Dec 83% .81% 83% .82% May 87’* .86% .87% .87% Oats— Sept 53% 52% .53% .53% Dec 55 7 a 54% .55% .55% May 58% .57 .58% .58 RyeSept 87 .96% 97 97% Dec 90% .99 .99'* .90%. May .95% .94 .95 .94% Barley— Sept -72% Dec 73’, 73 .73 .73% The above quotations are for new options. CHICAGO PRIMARY RECEIPTS —Aug. 9 Bushels. Todav. Last week. Wheat 811.000 883,000 Corn 1.438.000 1.033.000 Oats 297.000 342,000 C. OF C. AUTO OUTPUT TOTALS 194.356 UNITS July Production off 15 Per Cent From Previous Month. By Times Special NEW YORK. Aug. 10— July production operations of members of the National Automobile Chamber of Commerce amounted to 194,356 units according to the preliminary estimate released today by the chamber. This was a drop of 15 per cent under the preceding month’s production and was a gain of 10 per cent over the output for the same month last year. On the basis of this estimate, the output of chamber members for the seven months of this year was 1,472,832 units—a gain of 50 per cent over the number of vehicles produced in the same period of 1933. The chamber estimate covers the operations of all but one major automobile company in the United States. Coca Cola Subsidiary Sold By Times Special CHICAGO. Aug. 10.—The Coca Cola Company has notified the New York Stock Exchange that its subsidiary, the Rohawa Company has sold the Galveston Coca Cola Bottling Company at Galveston, Texas, for $130,000 cash.

BE SAFE I nan re Tour Car Today S%£jK9state Automobile Insurance Ass’n. LI. 6571. 7th Floor, Occidental Bldg.

Investments and Investment Service Wm. E. Shumaker & Company, Inc. 1408 Circle Tower LI-K 3.64

I Buy INDPLS. POWER AND LIGHT HEWTON and Sell 6V2 and 6% Pfd. 415 Lemcke Bldg J TODD

Government Bonds Home Owners’ Loan Corporation and Municipal Bonds BOND DEPARTMENT The Union Trust Cos. of Indianapolis 120 E. Market Riley 5341

fCEUUEJR & (pOMFAKY investment Securities We are interested in the purchase of high grade INDIANA MUNICIPAL BONDS INDIANAPOLIS Continental Bldg. Riley 3321 NEW YORK SOUTH BEND MUNCIE

,'ATTG. 10. 1981

MAJOR GRAINS WEAKEN UNDER HEAVY SELLING Wheat Ignores Strength at Liverpool: Corn Up Fractions. BY HARMAN \V. NICHOLS l nitrd Press JSIafY C orrespondent CHICAGO. Aug. 10— Sales for profit on the recent sharp advance in wheat today brought a lower price trend into the major cereal at the opening of the Chicago Board of Trade. Corn, on the other Ijand. opened higher. Wheat started % to % cent lower, corn was unchanged to % cent higher, oats was off % to % cent, and rye was unchanged to up % cent. Wheat ignored strength in the Liverpool market at the start. There was considerable activity with the market clogged with a collection of overnight selling orders. The w eather map showed scattered showers in the middle western section of the corn belt, but this item had little effect.

NORGE REFRIGERATOR SALES GAIN SHARPLY July Business 111 Per Cent Above Sanw Month of 1933. By 1 mi' * Special DETROIT. Aug. 10.—July Norge Rollator refrigerator sales were 111 per cent over the like month last year, representing the fifteenth consecutive month in which they have exceeded the corresponding period of the previous year, according to Howard E. Blood, president of Norge Corporation, division of BorgWarner Corporation. “Our sales momentum continues its record-breaking pace,” said Blood, "shipments for the first seven months of 1934 were 184 per cent of those for the equivalent period last year. In fact, shipments so far this year are 46 per cent greater than our entire 1933 production. “Orders received are still running somewhat ahead of production, being 196 per cent of orders during the similar seven months of last year. However, we have speeded production schedule# to answer all demands from now on. Unfilled orders on July 31 were 12 per cent greater than total July shipments." RAIL TRAFFIC CLIMBS New T York Central Road Handles 91,699 Cars in Week. By Times Special CHICAGO, Aug. 10.—Leading railroads in the United States report further raii traffic increases for the week ended Aug. 4 as compared with a week ago, in some cases sharp decreases are revealed as compared with a year ago. Handling of 96,699 cars against 89.902 in the previous week and 104,654 a year ago were reported by the New York Centtal Railroad Company. Pennsylvania moved 84.836 against 84,467 and 99,993. respectively.

WE BUY AND SELL: U. S. Government Bond* U. S. Territorial and Insular Bonds Indiana Municipal and Gravel Road Bond* Land Bank Bonds Home Owners’ Loan Corporation Bonds Bonds and Stocks of Indiana Corporation* General Market Municipal and Corporation Bonds i Indianapolis Bond and Share Corporation l? 9 East Marks! Slrsat Ttlsphoas Rlls/ 4551

Moderate First Mortgage Loans on Improved Indianapolis Real Estate The Indianapolis Morris Plan Company Delaware and Ohio Sts. RI-1538

*al cap lla