Indianapolis Times, Indianapolis, Marion County, 10 June 1937 — Page 12

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= oe fr £ i § go} = ee Sr 2 I i § ¥ 0 a wo Fo - . ’

the lea grslip. of Atchison, which

"883,000 vs. -$35,606,000 last week and

_ year ago. Central & South West Utilities Co. first quarter net income,

COMPLETE: N.|Y. EXCHANGE, Se STOCKS

GENERAL

“AND STEELS LEAD

Sale to 9 Raises Douglas Two Points.

By United Press § NEW YORK, dune 10.— Steadiness in General Motors and strength in United States Steel common stock helped

T ADVANCES

the stock market ‘o advance in nearly all secti¢ns in dull, early trading todav. Stock prices recede: from their highs in early afterno¢n trading. ‘ - Pennsylvania Railroad stock slipped off when directors halved the aividend. Other rails dipped, but leaders hedl moderate gains. Steel reached 101%z, up 13%. Other steels improved with it. Inland reached 103%, up 1%; Bethlehem 87, up 1; Youngstown Sheet & Tube 8415, up 1%; Republit 36%, up %, and Otis 18%, up 3. Wheeling Stegl preferred gained 4%; 12 to 110. General Motors, which made a new low yesterday at 521%, opened at 53, up 1%, and then improved after a brief setback.® Chrysler around noon was at 111°, up 3. Railroad issues improved under

‘Po i New , and

rose to 1%, up 13 York Te was at #41, up? Southern Pacific 51%. up ® New York Steam Sorin. rallied after their crash of the previous session. The 6 per cen. en was

at 78, up 7, and they 7 per cent 87, up 7% Bougias Aircraft 1 Sse 23% to 607s

on receipt of a larie Government order for planes. American Telephone was bid to 170%, up 1% points. Corporate bonds erately from opening losses and steadied irregularl® higher under lead of rails. U.' S. Government bonds were mixed. | Narrowly irregular price movements prevailed in dull and feature. less curb trading.

FIRST HOUR

The market opened steady after which prices advanced under lead of railroad, steel and aircraft shares. Atchison led that division with 13:1 gain above 85 and Atlantic Coast Line was almest! a point higher. U. S. Steel strengthened a point to 10022, while Repuplic and Bethlehem advanced fractionally. Douglas Aircraft, on strength cf an $11,000,000 contract irom the War Department, went to 607 for 23 advance. United Aitcraft firmed. Copper and utility shares softened. Volume approximated 160,000 shares, compared with 180,000 in the first hour yesterday. Dow-Jones averages—Industrial, 173.51, up .04; railread, 57.20, un .30; utility, 27.40, up .03.

fecovered mod-

SECOND HOUR

Tradingfontinied dull with prices fairly steady. American Telephone climbed ‘to 170%. for i!2 gain, but other utility issues were steady. Atchison retained 114 advance at 843, and Atlantic Coast Line had 1%advance at 5314. U.S. Steel &ntinued active at 100%, up 1, and Bethlehem had a point gain at 87. Chrysler and General Motors each

maintained fractional advances. Coppers were mixed. Volume approximated 100,000

shares compared with 140,000 in the second hour yesterday, Dow Jones averages: Industrial, 173.62, up 0.15; railroad, 57.07, up 0.17; [any 27.38, up 0.01; : ®

Today’: Business At a Glance

GENERAL BUSINESS |

American Bureau of Metal Statistics reports for past three months: Consumption of zinc| by countries outside = United States averaged 95,742 short tons per month vs. 92,657 year ago; lead consumption outside United States averaged 102,427 short tons vs. 105,867 year ago; deliveries of copper for consumption outside United States averaged 121,557 short tons vs. 105,270 year ago. Dun & Bradstreet| reports week ended June 9 bank clearings $5,552,249,000 vs. $5,276,296,000 previous week and $5,651,302,000 year ago. Engineering News-Record reports construction awards this week $42,-

$35,626,000 year ago. CORPORATION NEWS

American Light & Traction Co. and subsidiaries, 12 months ended April (30, nst income, $5,941,754, equal to $1.85 a common share vs. $4,763,111 or $1.43 in previous 12 months. : Atlantic Gulf & West Indies 8S. S. Lines and subsidiaries, four months ended April 30, net income, $343,$00, equal to $1.18 a common share vs. $434,804 cr $1.79 a year ago. City Stores Co. and, subsidiaries, April quarter, net profit $96,434, al to 8 cents a common share

Continental Gas & Electric Co. and subsidiaries, 12 monthS ended April 30, ne; income, $4,541,166 vs. $3,804,923 in previous 12 months. El Paso Natural Gas Co. (Delaware) 12 months ended April 3¢C, consolidated net income, $1,363,575, equal to $2.21 a common share vs. $580,373, or 89 cents in previous 12 months. United Light & Power Co. and subsidiaries, 12 months ended April 30, net income,. $5,216,036, equal to 48 cents a share on combined Class “A” and “B” common Vs. revised net of $3,323,983, or $5.54 a $6 first preferred share in previous 12 months.’ ; American Public Service Co. first quarter net loss $22,605 vs. $17,702

$402,367, vs. $260,174 year agoe-

International Power Co, Ltd, and

y United Press DOW-JONES - STOCK AVERAGES Lagt Net Ch. 30 INDUSTRIALS High Ve as y, | Yesterday ..........oeenin.. 173.47 —0.86 Ady Rumley -r-. 3% 3% = — Yo | Week ago .....eeveraeens....192.82 40.19 Alles BE $30" Ww. 4% an 44% + 7A |Month age .......cc.oe..... @67.46 —478 1e ores ... 7 : 8 gional Cie 8s OL = 3 VR Eons oie: tow, dee ma, a a Ve 8 BY » 19074, 407 . .46, A nee pCa | of 31 .... | High, 1936, 184.90; low, 143.11, Am & FPwr... 1% + 2 1a — Ya Am P&L $6 pf. 57% | 57% 51% — 14 20 RAILROADS Am R Mill 35% 30% IY oo | Yesterday .......... ceeeden.. 56.90 —0.10 Am me ln | Br Nl Iu Week age ..ioireiieeiiilii, 8632.10.08 Am T&T ...... 189% 160% 1897 + % | Month 2%0 ...........i.... 57.27 —1.62 Am Tol . % / 4 iY eAY ABO ue: sriiarenén ceaeees 47.07 0.47 ~... 543 Vg 543% — 1 . +0. Sr Sionem du 34a 841% Bis + y High, 1937, 64.46; low, 53.15. 8 2 8 = Atl C Line i 52% 52% Sa + J2| High, 1936, 59.89; low. 40.66. . M ARKETS AT A Atlas Corp pf.. 5012 50% ~50%2 — Yi 4 20 UTILITIES bs wf Yesterday .....ivosihessopeeen 293% 33 Bald Loco .... 68's 6Vs 6Ya + Ya|Week ago .cc.iiienin ochin.. 27.69 +0.08 GLANCE | Bald Loco as .. 5% 5% J + 72 | Month ag0 .......c....cfo.... 27.17 —0.86 Balt & Ohio ... 30}2 302 30): — Ys |y.o 0 32.50 0.24 Stocks higher under lead of U.S. |Barnsdall ..... 2650 260% 380% — 3 | in “10sy 53501 ow, 208. " Steel. Fen dnd sean. Son NY Sa — #2 | High, 1936, 36.08; low. 28.63. Bonds regula Bigtieps U. 8. Soering (AIF ss 3 3s — % 70 STOCKS er, Feooe ees > Government issues low ors: Warner 432 BZ G5 a, | Yesterday ..... i... ... 61.50 —0.28 Curb stocks narrowly mixed and Oo Wiley ir i To + Ja | Week 880 ...eevienirneree... 6128 0.08 2 Boeing Air Rts. 2% 2% 5B een Month ago .........cc000.0.. 60.25 —1.74 Ths stocks irregular. ush r deb. 1% 11% lB 4 1% yep i ve 56.20 10.66 . utler Bros ... sees ! vivink voter DO Mf Call money 1 per cent. High, 1937, 69.67; low, 60.25. Foreign exchange irregular: |Canada Dry ... 30%® 20% 30% + % High, 1936, 66.38; low, 51.20. Pound sterling off nearly 33 |Carriers & Gen 3, 5, 5, I i er . Aiea 45% — ; cent. - French franc easy Syiotes Php. 0 oft High Low Last Change Cotton firm and quiet. Chrysler 10 110% = '% 17% 17% 11% +. a Grains lower at Chicago; corn | City I EL... 187 187 .... Eh ps Bode Ris LV -32 13 151 11-32 off about a cent a bushel. nh hn: fs Z| ite ‘ih dn un Zw Rubber 11 points higher to 1 |Com Credit vie £2 & £2 2 Flymouth oil nn 7, Bo i i SR Ef 0nd i JHE Ton mmleger am own am = og : . 14 3 4 — ure Oil ....... Vi — Silver bars in London off !¢ at | Cons Boson: Mn Hip Un T BiFhwEk BC B® BZ #4 20 pence a fine ounce. Rs Oil \.-..r- 3a 4 13% = be ne Con Rr Cu pf. * | Radio 8% 8% 8% . Con Textile Ya S8 ones R seceseeess 87 7 78 een, . -16 1 T 18 11:16 orem aybestos ..... 33% | 33% 33% Ya Curb Stocks ~~ |Sret inn gl pil on ERERNC gn a 4 ont .e eee = 3, , 443; 434 44% — Ys Rep Stl pf .A..102 02 S— By United Press Coty on p np i ois + Ya Reyn Tob B .. so 50% 50% — Ya : Crane Co 8 sg — —— Low Last Crane Co am .116Va 116%4 116Ya .... st L-S Fran A 3% 3 4+ Y 4m 2k CH i 314 2, Crane rt J...... Js a 3 +++ |8t L-S F pf ... ‘ 5 > ! ; ; WI cova s 2 2 — Ys |Schenley Dist. . av 412 .... 4m (yan 3 32% 32% | QU A 184 18% 18% + Yi ® i ur ANY Am Gen Cp ... 3, 93 93, ur cone Sears be vias 8's 38% 8 — Ya Am Maracaibo ......... 1% 17 17% —=D— evel nes Bh 30% So% ey Atk NGA .....ccosees Tz Tha 7% | peere & Co 138 133% 133% Shell Un On 4.83, yoo oF Austin Sil Mne 1110100 1% 19% 1% | Dit Cseag .... 21% 33% iy |Shell Un pf .. 108v 16an 104y — ta Sanuma Si ie nn 4 3 37 | Douglas Air Sh se sew © ie Socony-Vac ...'19%: 19% 19% —''% Ber Gay Fur .....c.... Sos EL al Bb sana sine ..155% 155% 155%2 + %2|S Por R Sug .. 34% 34% 34% + 3% OR oy DL oreenvenes 8312 BY Hi fer |South Pac .... 51% 51% Bl% + % Te sn ER Sie Ser - 8 Be Ei PE IL len 1815 16% — 1a |Spiegel Inc ... 21% 21% 21% — on Cop Mns ‘8 ‘a 3° | El P&L $6 pf. 66% 66% 66% + Ya|St Brands 2% 12% 12% — la Gores Ford ‘38 33% 34 |EIP&LS Bt. 69% / 63% 63% - StanG &E... 7 1. 1, +. % Cusi Mexic .... rh 3° Sv, |Eng Pun §'.... 8% 8% 8% .,.. |Swan Ol ng 33% [83% BB 19 an Stan Oil N J .. 66% 66%: 66a + Ya LT OE Tw |B BL BEE ns reads 38% } %. 8 ON bap Ay 2 Equity Cbs 3 2 2 Folsanbee ...,.. 5% 5% A hee Sa co At LANEY YA a Ln Gut 0 Oo Lidge: 534 5374 5374 Gar Wood Ind.. 12% 12% 12% hee ~Tr / Humble Oil . 18%s 351s 33s Gen Elec... 3Ya 53s 53Ve .l.. Texas Corp ... 59%: 59% 50% — Ya mp O Can 207 2 Ya Jy gon G ge EA... b2 2 2 hee Tex Pac LwT . 10% 0a £1 (ALL Lion Oil .i.... 28Y 2% 28% | Gen Motors ... 53 523% 53% -- v | Thompson Pr . ily 38 3 a + a McWms Dredge 8 wx | Gen Mot pt 107% 107% 117% 1 YW (Tide W A Oil . 115 | 11, 5. Tr 18 Molybdenum ... 103% 10 10% Gen P'S cin 37s 37 3% + Ya Timk-D 27s 22% 227s + Ya Nat Sug Ret erviens esis 25 2 25 , 25 Gimbel Bros 24’ 24 2 a Sg Poe hs 12% 127s 12% .... Niag H Pwr ..... Zope = 1% 5111s 11% Goodrich 43 43 43 J. 20th Cent-Fox. 37 37 : 31 esse Jong rs 6 vi dad da ow BB, Goodyear . BH Rel Th —U-— / >: raham es 3 #33 ZR Eh E on 08 4" 84 cess Shige gr gh hy Eile Be Ba By oa 4 n 1 . / — 7 i r2es Greyhound Corp 14% 14% 14% I... un Al Lines . 18 1 16 — Technicolor - . —H n_ Biscui . Va 3% % — 5% k its J United Corp .. 4% 4% 4% + BRET Boner Saha fh gn Donn Guimp nn. BH ey Hore morn = Tl Ti 3% TF P|US Realty ... 12% 12ta 13a + % . ’ u 3 Pubbee 7 59% 53% 5 + 12 Chica 0 Stocks Ill Central .... 27 27 27 -_ VY 8 3. Smel p = 81% 812 81% — Wi Insp Cop ...... 25 24% 25 4 ia|U 8 Steel ..... 100% 100% 100% -- % High| Low Last! Inihary "'I'1l0’® 110° 1lg® = 74 Armour & Co He Nhint ivan MY HH x 8 Eh 4" &*|E Een Bw fe 8) LOCAL ISSUES ickel . . % ; Vo —— 3 Cities Service 3. 3. Int P&P C a A V4 —_— is The following quotations do not. vepre5 5%, Te 23, 227s In I 10% Jou 10% ..... Jen goal bids OF offerings. po, erely = : ails ¢ nts TT Se 4%, 245%; 34 | indicate the approximate TALS e evel as Gen Hshld Ut ... 4% 4° 4% el Ne 5 i ared by the brokers named Katz Drug 1134 1134 K. Marshall Field ..c.in.. 25% 25% 25% | Kennecott . 55% 33% 53%. - | (By Indianapolis Bond & Share Corp.) No'west BANC ......... 11% 11% 11% | Kresge'SS ..... 21° 21 1 —Va ONDS Tae 1 1 v, | Kroger G & B.. 18% 18% 18% — 1; Bl 4 Ask BO Ae LL. reeerred SH SU oS Ye | Citz Ind Tel (TH) 4s 61... 98% 101% Wwiit & Co ....... 2 2 —L— H Tel & Tel Fi W sas 3.1030 105 Ut&Inevpt........ 3 3 3 Lee Rub _..... +35. a8 8 gi H Tel & Tel Ft W 6s 43......104% 108% ” eh Val RR .. 162 16% 16% — 1, | Ind Assoc Tel 4! hi 65 ......,.104 106 Shih u Lehman .... . ... 43 27s 43 +1 Indiana Tel Co 5s 60..... vee 38 100 subsidiaries, 1936. net income, | Loew's ....... ..80% 80% 80% + ¥ |Indpls Railway Ing is 67..... . 63 85 $636,001, equal to $7.95 a 7 per cent Me Dibrstate Tel & Tel Svos 53. 87, 99% first pfeferred share vs. $608,513 or | McIntyre P .... 34}2 3412 3412. 4% | Kokomo Water Works 55 58:..103% 105% Martin G L ... 2312 231; 2315 .... Kuhner Packing Co 4Y2s 49 27% 100 $7.60 in 1935. Marine Mid ... 1 > 02 Morris 5 & 10 Stores 58 50....100 103 Jewel Tea Co. Inc. four weeks |Mapiaol Fld... 28% 23% 25% .... Nobesmille. 5 1 3, 65 .--103% 2 i oreeen cies oblesville ended May 22, sales $1,844,297 vs, | Melville Sh ... 72 72 72 — | Ohio Tel Serv 8s 4 2100 103 $1,511,253 year ago, up 22 per cent; | Minn More ... 19% 498 28, :u'' | Richmond WW 5s 57... y 4 ’ “ ’ ™ 8 1378 8... Seymour Water Co 5%; 49 .. 20 weeks, $8,804,683 vs. $7,583,157 Mont Ward .... 54 54 54 = .... |T H Trac & L 5s 44 Mueller Br .... 38% 38% - 338% — Yi|T H Water Works 5s 56 year ago, up 16.1 per cent. - —=N— : T H Water Works 6s 49......103 105 Mountain States Power Co. 12 [Nat Aviation .. 125; 12% 12% -— | Trac Term Co 5s 57.......... 70 q months ended April 30, net income, INS! &'Rep'a 35 35 38 1.” Ber Ratlrosd & ons $322,646 vs. $163,582 in preceding 12 | Nat Dairy ..... $5v,.. $59p: Bass 10.1 | Belt Rellroad 4 Bt Yes cum 53 9 si Nat Distillers’. 30% 30% 30% =. 'y | Soi; Jalroad & Si Yds pra. 28 * at Lead .... 3%, 387n. B3Lh —n | Gp) EERE ANG OWE [DL 4S oe. nes 2 Pullman Co. (sleeping car affili- (Nat LE. Li 19802 a = % Hoo Ba ie TY ane.» 3% ua ate of Pullman, Inc.), April net after | Natomas “...... 10° lo Vare L100 Ying & Mich Elec Co pid 7s..301 .... t $108,387 deficit $40.118 N Y Central 44 437 44 + 34 |Ind Gas Co cum ............. 22 27%; axes, ,387 vs. deficit $40,118 year |N y NH&H pf. 15% 15% 15% .... "| ;Ind Gen Serv Co 83, corre 105% ago; four months net after taxes, |N ¥ ship ..... 12 dan dan Ll Re RPL Co pid 6 8% 93% $1,739,408 vs. $1,124,094 year ago. No Am Avn ... 11% 11% 3s aps Pere Co pla 62s. 91 ~~ 94 TratTae Cont Go, 554 a No Pacific ..... me 321; 32% .... Lincoln Nai] Life Ing Ct 3 “bin idiaries, fiscal year ende ri : i =P ub Serv net Drofit $504,490, equal to S131 a |BaCAm Fish .. 19% 19% 1% — X Ind Pub Serv & pid s 2 , LLL PRCKArA Ley 4 /8 Ya Paramt Pict ~... 19% 19% 19% .... P R Mallory Co com ... common share, vs. $313,466 or $1.11 | 2ramg ior. 13 B® 13 | Progress Laundry Go |. in preceding fiscal year. ¥ Boomer, RL 9072 90% 80/2 + 12 pub Serv So of And 8 . enn RR Lu..v. . 1 Vo iuieie u erv Co of In 8 DIVIDENDS ’ 2 2 2 Smith-Alsop pfd 0000 2 mith-Alsop com ............. Goodyear Tire & Rubber Co. of INVESTING CO 'S Terre Haute Elec Co 6s .....- 98 101 Canada, Ltd, regular quarterly 63 : L . ye ra BB ents on common, payable July 2 (By N. Y. Security Dealers Assn.) Van Camp Milk Co com ..... 10% 11% C , pay y 4 2] s V2 record June 15. Adm Fd. 1831 1931 Mut Inv. 13.80 ho at u nv. Rk : ; _ | Affil_ Fd. 1035 11.32(Nat Inv. 7.13 7.30 Reliance Manufacturing Co., ex-|, "gic" 18 '1'30[Ntw sec. 43% 4.44 (By M. P. Crist & Co.) tra 10 cents and regular quarterly |Am Gen. 1.09 1.21] vetg . 2.00 2.16 | Market St. Investing Corp ... 33.77 35.91 15 cents on common, payable Aug.|pancam.. 3.00 10.000ew BOR 30) ool 2, record July 22. ; ( 15 12. v . : .00 ; I WwW Bucyrus Erie Co., regular quarterly 4 ; : NE BON D ISSUES $1.75 on preferred payable July 1, : : > (By W, L,iLyons & CO wx record June 19. 3. . : As'd Tel ds Torn .104% © 105 ; + A i $764 .......0. Cream of Wheat Corp., 50 cents 52 13 73 «|B & y ars 80, Lo... 001, payable July 1, recgrd June 19, vs.| »'p 530.0 > Sony 66....0.. like payment on April 1. Div D 7.10 7.90] » 1958 . 3.21 .....|Cent Maine Pwr 4s a | Div Shrs 1.91 . 2.06 Nor Sec. 70 Aq Gent Maine Pwr 3%s Federation Bank Trust Co, |Eouity .....58 .4liQuar inc 1159 19.28 /Cin G'&: E 3s ‘86 Fidelity.. 27.00 29.08 Rep Tr 54 14.04 Cin G & E 3, gy 25 cents payable July §, record June | ist Bos 28.75 30.25/Sel Am.. 1450 15.75 p= p< E, 3728 "67. 30, vs. 40 cents on Jan. 9. Bx rr A ee © iS Tih . 20.38 31.73 | Fla Power 5s ‘66... 00. "0" gait Lo Interlake Steamship Co., 50 cents Fa a 2370 25/02 Std Ml, te MS Tas. DR %n r A 6.17 6.88/Sup Cp A 4.00 ..... p i ey enrin 9 78 payable July 1, record June 17, vs. Con ’B . 6 "Gini B A) 413 er Bangs po L 4 das 85....... i459, like payment on April 1. ili Securitie os 0D, co. 14s he Los Angeles Rey Fd iis 98% .. Lion Oil Refining Co. extra 25 uto .. 141 1.53;Sup AA... 267 L... > 1 Lonisyll ie g & E £3 12s '66...... 102 cents and psu quarterly 25 Min 2 ia sped 14 i 4 15, 5.31 fate Eee *31; las 68 i 10344 cents a Steel . ) HY 38 M7. .L.. ie V2 J g yable July) 20, record | Steel - 0 25ee Tr so A .....|N Y State Elec Gas 4'2s ’'65.. 94 95 “Midi nd St 10y FOG 13.89 1851|U USELaPA 1612 igi? AS Ey a... g nv J a io son s ' bi cents on common. pavable. wy 1 | BYTEY BH Bi he. af TSO ER ile Ln, i 9, > Bre . ahoma G & E Inc 33s’ 99% 100% record June 21, vs. like paymént on | Mass Inv 27.77 29, 8:36 well Fd. 1003 20.87 Pac Lighting 4'ss eat 104% 105% 2 Ssatesne 8 4 "White Rock Mineral Se Bly mon ite nera Springs Co., 2 sc G Vas 66...... cee Ta 2 regular quarterly 35 cents on com- New Busineks Books Wisc Pub Svc 4s '61.......... 102% 103% mon payable July 1, record June 21. : : Aluminum Goods Manufacturing Available at Library BANK STOCKS Co., 25 cents payable July 1, record il ‘(By Blyth & Co., Inc.) June 19, vs. like payment on gine - P ‘April 1. | ‘ The following new business || Bankers Trust ....... po American Stores Co. 2 books now are available af®the Chase National ............... " cents th payable July 1, record Jun business branch of the Indian- ||Chemical Ban y e 15, vs. 2 Guaranty Trust 50 cents in previous quarters. sapolis Public Library. De es rit anuia I Canada Southern Railway Co., ci ANAGING F B PROFIT by National Ci Yotisass cess. 44 16 regular semiannual $1.50 payable || other word for incentives. Profits are First Nate” hd Se 51 53 * Detrolt, Steel Produ “wsoenoorry: a Nazrowar || Net SET HGae iB etro Products Corp., 50 a Ys eveland .......... 4 74 POLICY FOR FOREIGN TRADE, by gente payable June 30, record Jung, | W.S. Culbertson. An appeal for wide, ||, pire FIRE INSURANCE 0 ar suppor € reclproca ps 28 Sa Maen a » Program of Secretary of Stace Hon. cx A New York . ” cen IF_INFLATION COMES. by Roger payable July 10, record June 30, vs.|| W. Babson. No one knows whether Great American [[IlIILI! By Nm 25 cents April 1 > the United “States is headed for some Hanove Linas 1.82%, 34%, on April 10. kind of violent inflation. . = || gardeed Lolli 733 Mahoning Coal Railroad Co., THE HEART DECIDES S. by Ber- Hartford 111. 330A | a tram Brownold. study of the National Fire . 65Y $7.50 on common payable July 1, psychic factors inBibIting | the os North River 28% record June 18, vs. like payment on || use of emotional motives in the sale Phoenix... 87% April 1. of life insurance. . U8 Fi 56 Marine Midland Corp., regular by James H. Wee aE ction of Feit UALTY COMPANIES on 5 n. selection o! 1 AS quarterly 10 cents payable “July 1, 1036 certincates. with contents coded Continental Cagualty ......... 21% 29% recor d June 1., pay y and indexed for quick reference. ‘Bonding ey mn iil Hi . DAILY PRICE INDEX Week Year NEW YORK Jun or § Commodity— ~- Today Ago - Ago weighted priced be Dun & Bradstreel’s daily | y,pps, avg.omost sales (by... § 1225 § 2225 § 1165 pied foe Xx 0 asic commodities, com- | Hides. native heavy steers (Ib). .16% 16% J15% or the United Press (1930-1932 average 100): | Wool. fine unw. comb. (Ib.)..... 401% 40% 35% Yesterday ......... 142.77 Year ago .......... 116.77 Cotten, Miduplina 4B). ....ce0 ie gis ue Week ago ......... 144.65) 1937 high (April 5) . 158.26 «13-15 dotigts Ag, tlh.) 0. J: - Month ago 146.64 1937 1 (Jan. 29 ul © Rubber, spt. smk. rib. (Ib.).... JA8% 1956 15 13-16 Crneranis ow .. (Jan. 29). . Copper. electrolytic (Ib.)......o 14 a4 09% . - ree | Lead, opot (Ib) .......coveasee J0602% .0602% .0460 Following are the prices used in compiling the index: Zine, spot (Ib.) .......ccccnce0n 066214 |, .0662% (490 Wee Year Tin, Straits spot (Ib.).....4...0 56 , 6 A215 * ‘Commodity— Today ee Ago Silyer, tommercial bars (0z.)... 447% AB 4434 Wheat, No. 2 red (bu.)......... $1.20% $1.20% $ .92 | St¥el, scrap. Chicago (ton).. 18.75 16.75 13.00 Corn, Ng, 2 yellow (bu.)........ 1.25 1.29% 635% | Pig iron, Iron Age comp. (ton). 23.25 23.25 18.84 Rye. No. 2 “bu.)....... ederins 973% 1.02 603% ¥| Coke, Connelsville (tom)........ 4.60 460 *, 3.65 Oats, No. 2 white (bu.)........ .48% 50%. © 20 | Cement. dom. Portland (bbl)... 2.25 2.28 2.55 Flour spz. pat. (196-1b. sk.).... - 6.675 6.875 5.993 Yellow pine, 6-in. base (m. ft.). 60.00 60.00 50.00 Lard, prime steam spt. @b.)... 1210 1242 1015 . | Douglas fir. rough’(m, ft.)...... 52.50 52.50 88.00 Coffee, Rio 7s spt. Ib.)........ 093% 09% 06% Gasoline, tank wagon (gal.).... 095" 085 1.082 Sugar, raw 96 test (Ib.)........ +0335 0335 ©0372 Crude Oil, 40 gravity (bbL)..... 1.99 1.27 1.18 Butter, 92 score (Ib.).......... B0% | 31% 29% (Source of Quotes—Chicago: Grains, livestock, lard, steel Hogs, avg. Tost salts brane 1120 an 0995 - - serap and hides. . Boston: Wool. East St. Lomis: ow Con3, AYE: Most sales (1b)..1s W010. 0610. 0020 .[ melsville: Tulsa: Crude oil. New York: All others.)

.29%2¢; extra 28%c; nay

uf 23 Last change Us Steel pf ..13 134 1g Un Stores A .. Si Bi AY Vg Vanadium ..... So 28% 28% + Ye Vick Chem .,.. 41, 412 41% — V2 We Yzivorth cesses 15% 15% 15% —_ Warn-Quin .... 9% % ‘ies West Md ... 812 i . West Union 56% 56% — Yi Wayne Pum 47% 41% — Ys West Auto 2M3% 21% + Va Wheel Steel .. 493% 493%; 493%; — 13 Wheel St pf ...108 108 108 + 2% —e . Zenith Rad ... 34 34 34 .e

NUISANGE TAXES HIT BY PROTEST

Churchman, Laborers and - Farmers Ask Direct Tax Substitute.

Times ‘Special WASHINGTON, June 10.—A delegation "representing church, labor, farm and other organizations today petitioned congressional leaders to block the Doughton bill, which would continue for two more years the so-called Federal nuisance

taxes. These excises—on gasoline, automobiles and parts, toilet articles, radios, etc.—yield about a half billion dollars a year. Bishop Francis J. McConnell, of the Methodist Episcopal Church, headed the delegation. A statement, prepared under auspices of the People’s Lobby and

{signed by several hundred church-

men, educators, and labor and farm

tain whatever revenues the Government needs by drastic increases in income, estate and other direct taxes.

Direct Tax Held Best

“The chief reliance of the Federal Government for revenue,” the statement said, “should be upon direct taxes—that is, on personal and corporation income taxes, including taxes on excess profits, gifts and estates. “The repeal or heavy reduction of taxes on consumption, and heavier taxation of personal and corporate income, of estates and gifts, and of land values, is an immediate and imperative method of redistributing the national income and increasing |i the flagging purchasing power of the masses. . . . “The Department of Commerce states that the natiohal income paid out in 1935 was $53,875,000,000. “The Bureau of Internal Revenue states that the total income of the 480,799 persons reporting net incomes in 1935 of over $5000 was $7,005,671,000, of which $2,618,901,000— 374 per cent—was from ownership or control of property. “This income class was subject to Federal income taxes and surtaxes on this income of only $609,353,000-— of 10.2 per cent of their net income. “After paying all direct’ taxes, these families had left $5,332,000,000.

Income Taxes Asked

“Admirable as is the principle of taxing corporation profits . . . the largest revenue will be obtained for the Government, and the principle of progressive taxation will be best served, only by progressive personal income taxes. “We believe that with the -reductiorr or elimination of Federal taxes on consumption the exemption for the income should be reduced, and that surtaxes should start at not over $3000 andybe rapidly progressive. “Issuance of tax-exempt bonds should be stopped, and income from such - Federal bonds outstanding should be taxed as part lof all income received. i “The exemption for the inheritance tax should be reduced. . . - “Direct taxes on personal and corporation incomes, excess profits and estates can be increased to permit a fiscal policy which safeguards the Government’s credit and| still permits a large extension of expenditures for social services, relief and education, without undue taxation of those with low incomes.”

CHICAGO PRODUCE

Eggs—Market, steady; receivts, 27.396 $ . fresh graded firsts, 18%c: extra jist: 19¢; current receipts, 17%c: dirties, ac; checks, 16c; storage-packed firsts, 20%c; storage-packed extras, 20Vic. - Butter—Market, steady: receipts, 15,767 tubs; extra firsts (90-9115 score), 297 g gore , 200) firsts, 27% c! standards Pee specials, 30% @31c; centralized (89 score), 28%c; centralized (88 score), 27Yc.

oultry — Market, steady” receipts, hen cks. 1 car: ducks, 9@12c; i ig 2 ens, 13Y2@17%c; brolers, 15@ 20c: oshors hens. 10@13%ec: turkeys. 13@16c; old backe).” 12@13c: fryers (including bareHay ts) 18@23%ac; spring chickens, 22@ ‘ Cheees— Twins, 15% @15%4 16Ysc; longhorns, 16@ 1 ahr AY Saige, 150

pCR ol a OW; market, stead : Idaho Fuss Burbanks, $2. New ’ stock Supplies. Fone fornia light; market. weak to firm: Calipuis White Rose, £2.05@2. 15; Arkansas $2.05: Louisiana Bliss ; UO. 8. $1.05@ $1. be Sitsseip.10; U. S. No. $1. 58:

shipments,

So ulies light; de-

liss Triumphs, $1. ay $1.15: Alabama Bliss b North Carolina Cobblers, Then, 1ianivels, 87; on track, 212;

LOCAL PRODUCE

(The prices quoted are paid gathered in .the country Sty 2 Jue aes an phdianaolis the prices ‘are 1 cent hn Au full case of eggs must weigh

oregs—No. 1 SPristly fresh, loss off, 14c

OEY, breed hens, 5 Ibs. and over, 1 Leghorn hens. 9c, Heavy breed IR 1 och, nD lbs. sn Qrer. 19¢. Leghorn Bareback lilo , Ss. and over, 17c. r, Cc. roost : feathered snd fat 5 Ibs. and over, 5c a, RT No. 1, 34Y%ec: No. 2 P@32ie, Butterfat—No. 1, 30c: No. 2,

U. S. STATEMENT

WASHINGTON, Jun 10.—Government

Expenses and receipts PF the current fis-

year through o Your ago: ug June 8, compared with

This Yea Last Yea $ 7,000,121 468. 52 § HY ,821, 179. 31 ’ 7 3,062,118.692.54 922.59

Expenses Receipts. .

4 efic it = UE

208%

Customs. "456, 712.453. 3.78 %

Toda tnac. Gold sio, 970.060. 060.83

leaders, proposed that Congress ob-|

+The Times Financial and Market Page LATEST NEW YORK STOCKS.

[HEAVIEST HOGS CLOSE UNEVEN IN TRADE HERE

Weights Above 300 Pounds Lose Early Gain; cattle Steady.

Hogs scaling below 300 lbs. held steady today, maintaining Wednesday’s sharp advance, according to the Bureau of Agricultural Economics. Offerings scaling above 300 pounss, however, were very uneven, opening 25 cents to 35 cents higher than Tuesday. but closing sales found the advance lost. Sows moved mithin a range of $9.90-10.50, top $18.60, steady with yesterday. Receipts were 5500. Trading .on al killing classes of cattle was conducted on a generally

| steady basis today. Light ‘supplies

applied particularly to heifers, which comprised mostly small lots and odd head. " Outstanding in the run were around six loads of good 1141pound ‘steers, which topped the trade at $12.25, 21 head being sorted out at $11.25, th ese weighing 1030 pounds. Other steer and yearling sales were mostly downward to $10.50 for fed offerings, smal lots of grassers going from $8 to $9. There were no heifers noted above $11.50 and most fed offerings cleared from $10 to $11.

Steady prices In the vealer trade did not receive full shipper support, but there was sufficient outlet at the levels to make for an active trade. Good to choice offerings moved at $9 to $9.50, latter price, however, paid sparingly. Most mediums brought $7.50 to $8 and occasionally upward to $8.50.

An advance of 50c was registered on choice spring lambs today, but the lower grades were no better than steady. Strictly choice springers reached a top of $12.50, with bulk good and choice offerings $11.50 to $12. Shorn slaughter ewes down-

mated receipts were 300 head.

HOGS

June Bulk Top Receipts 3. [email protected] $11.40 00 4. [email protected] 11.35 6500 5. [email protected] 11.40 1000 1. [email protected] 11.50 6000 8. 10.15@ 11.40 11.40 7000 5 10,[email protected] 11.65 000 pean 65 11.65 5500 Liens Ligh 140- 2180) “Good and choice. $18. [email protected] Medium ......... [email protected] Light weights (160-180) Good 2nd choice.. [email protected] Medium .......... [email protected] (180-200) Ho and choice.. [email protected] Medium .......... [email protected] Medion Weigh hts. ! (200-220) ood and choice., [email protected] (320-350) Good and choice.. [email protected] Heavvweights (250-290) Good and choice.. [email protected] (290-350) Good and choice.. [email protected] Packing Sows— (275-350) Good ......e000..0!10.2591Q.50 (350-425) Goced ..... deseeese [email protected] (425-555) Good Seeeedeienns [email protected] (275- aso), Medium ..........| [email protected] Sianchier Pi | (100-140) So and ghoice. . [email protected] . 8.50@10, Tis —Receipts, 900— ( (550-900) Choice ...;[email protected] Good .. [email protected] [email protected] C Na 8.50 (900-1100) . [email protected] Good . 18420 33a 0.50 ommMon ........ 17.50@ 8.75 (1100-1300) Choice .......s... [email protected] Gagd veseneeeese [email protected] : Medium .......... [email protected] (1300-1500) Choice . ...... sees. [email protected] Goods... cesses 10.75@13. Heifers ' . (500-750) Choice ...... cee. $11.25@1225 Good: =... he [email protected] common. ......... [email protected] (750-900) Good and choice . 10.25@12,25 a Common, medium. 7.00@10,50 Cows . i; Chole ,..... ...... .$ 8.00@ 9.00 Good... hed . 6.70@ 1.75 Common and medium " 33a 6.59 Low cutter and cutter .. 4.00@ 5.50 Bulls. good. .............coc0vn 6.25@ [TH CULler,. COM. vser: ve. vienrnnes 5.20@ 6.50 i Vealers ’ —Receipts, 800— Good 2nd choice sales ainivis «3 8.50@ 9.50 Medittim .%.. cic. inianes. ne 7.50@ 8.50 Cull 4 common ......... oor 5.00@ 7.50 Calves Steers: (250-5 500) Good and choice..$ 8.00@ 9.50 Common, medium 5.50@ 8.00 eeder and Stocker Cattle (500- 800, Good and choice. .$ 7.50@ 9.00 Common, medium. 6.25@ 7.50 (800- 1050) Good and choice... 7.50@ 9.25 mmon, medium. 6.25@- 7.50 Heifers— Good and choice ...... ese. 6.75@ 8.00 Common and medium ... .. 5.50@ 6.50 SHEEP AND LAMBS —Receipts, 300— Spring Lambs— Choice ‘.=. [email protected] Good .. [email protected] Medium . ... [email protected] common cds meinem ery 9.00@ 10.00 Shorn Ew (90-175) Good and choice... 32 3.60 / Common, medium. 1.50@ 2.50

dy hi Press

ICAGO, June 10.—Hogs—Receipts, 13,000. “including 6000 directs: market, mostly 10@15¢c higher- than yestérday’s’ average; packing sows, strong to 10c higher; closing, weak: few bids late above, 33 top, $11.60; bulk, go od and choice 200-300 Ibs... $11. 35@1l. 55: 150-190 1lbs.. $10.75@ 11.50: good packing Sows, largely $10.25@ 10.70; heavies,” downward to $10 and un-

der Cattle--Recei ts. 4500:, calves, 1500; fed steers and yearlings. firm; shipper demand. narrow; [few finished weighty steers here, however. Demand continues strong for light yearling steers. —Thight heifers and mixed yearlings. These ruling strong to 25c higher than earlier in week; largely $10@12 market; best early, $13@15: several’ loads including weighty Western fed steers. ([email protected]: 1477-1b. averages. $12.60: not much here of value to sell below $10, adn all. sucht cattle bringing relatively high prices. Both on killer and stocker accounts: Week’s supply Texasbred stock calves and yearlings all sold af [email protected]; replacement cattle, both Western and native, big 5¢_ higher for the week: cows and heifers, 10@15¢c higher: bulls, steady, at $7 down, but 10@15c under week's high time: josia lots, $6.85 down; vealers. strong at $9@10 .Sheep—Receipts, 8000. including 4000 directs: fat spring lambs, active; fully steady to stronger; yearlin s, strong to 25¢ higher: native spring lambs. $12,50@13; early top. $13.25: three oni ‘76-1b. holdover Idaho Spring lambs, $12¢{ bulk year-

lings, $9@10; sheep, BS shorn ewes, [email protected]. WAYNE, June 10.—Hogs—Market, sieady; 225-250 1bs., $11.45; 250-275 Ibs., $11.35; 200-225 Ibs. $11.25; 180-200 Ibs, 1,20: 5-300 Ibs 11.20; 300-350 1bs., 1.05; 160-180 1bs., $11.15; 150-160 1bs., $10.75: 0-150 1lbs., $10.50; 130-140 1bs., $10; 120-130 lbs.’ $9.75: 100-120 lbs., $9.50; roughs, hi stags, $8. 50. Calves—$5.50.

Tans 31 10.—Hogs—Market, 1 235 1bs., $11.35@ [email protected]: 275-325 .. $11.20@1 Ao 50-160 1bs., $10@ a 208, 75; 100-130 oy othe $10 Sown. Calve

3.75 25; $6.90 own. TLambs—$1l

$3.50 down.

Colonial ‘Savings and Loan | 25 Sogth Tineis St.

down.

ward from $3 were steady. Esti-|

N. Y. Eonds

By United Press | ~ BOND. PRICE INDEXES

20 20 20 60 Indus. R:ils Util. Bonds Yesterday ..... 91.4 $1.6 101.4 95.8 Week ago ..... 91.5 9.2 101.1 95.6 Month ago ... 92.2 $5.6 102.0 96.6 Year ago ..... 90.5 $2.4 105.6 96.2 Two_ years ago. 87.3 ye 97.8 87.5 1937 high ..... 95.0 101.2 106.0 100.% 1937 low ....... 9L4 - $4.2 101.0 95.6 1936 high ..... 94.8 100.4 106.2 100.2 1936 low. .. ... 90.0 £17 103.5 = 93.3 1935 high ..... 91.4 $6.4 103.6 93.1 1935 low ...... 83.6 51.0 89.3 83.0

(Copyright, 1937, Stands rd Statistics Co.)

GOVERNME NT B8NDs

T. S. Treasury Eonds Hizh Low Last 33ss 1943-40 Ju.......10°.19 105.19 105.19 3%s 1947-43 ........ 30 106.3 .3 3Vss 1945-43 ..........106.15 106.15 106.15 3s 1948-46 .........104.8 04.6 6 3s 1955-51 .;........10 i 102.20 102.20 2%S 1960-55 «4.u0.....100. 100.17 100.17 2%s 1959-56 .,........ 89 18 99.18 99.18 Federal Land Bank Bonds Bid A Yield 3s July 1955-45 ....10(% 1% 2.8 8s Jan. 1956-46 ....100 7% 10152 2.83 3s May 1956-46 «106 Ya 101% 2.84 3%s May 1955-45 ....100% = 102% 2.90 s July 1946-44 . 11g R 109% 2.53 Nov. Ia . 18 Ye 101Y2 .06 May 1958-3 Ys 103 .58 ls May 1957- tae 1% 5-16 101 9-16 .14 4%as Nov. 1958-38 ....10:% 104Y4 1.14 Home Owners Ioan Bonds High Low Last 2%s 1949-39 ....... ...100.14 100.14 ° 100.14 ‘DOMESTIC BONDS Arm 0 Del 4s 55.. 98 98 98 B&O 4%s 60. ......... 5 75 15 BuRap con 42s 57.... 86'2 862 86% Can Pac deb 2 perp: «94%, 94%, 84% Shi ae Ill 5s § 37 ChMStP&P 5s 2000 9 9% Chi RI 4%s 60. 11 Chi W Ind 4%s 62 102% Chi W Ind cn 4s 104%, CCStL gen 4s 101 Cons Oil 3'%s 51 101 Consu Pw 3%s 65 103 Del&H ref 4s 43........ 91% Soodhich gs 45... uv 105 oody TR 5s -57.. 105 GiNoren 3s E17 . 105 Cong 415s 58. 181% In TT 5s 55 Hs is Int TT a s 52: Int TT cv 4's 39 890s McKeeR 5%2s 50 . 10312 MOK&T 1st 45 90.. 8 614 NYCent 4%s 2013 ...... 90 89 90 Ohio Edison 4s 65.... .105% 105% 105%; Pa P&L 4%s 81....... .100%s 100% 100% Philippine 3 1 ho . 19 18'2 18% Postal T&C B53. cv 1 257% 25% 25% Seabd Air Lone 6s 45... 17% 11a 171% So Pacific 4'2s 81..... . 89 887 89 So Pacific 42s 68....... 1 90 90 Studbk 6s 45....... «+115 115 115 Tex&Pac 5s C 79 . 03% 1032 103% United Drug 5s 53. Ys 93% 973% "FOREIGN oes Brazil 68's 26-57 ...... 38% 38's 38% Cuba 5%s 45 .......... 60%: 60 Haly 9s 51] .«.coveevi.s 88 867s 87 Peru 6s $80 5 .verrren) essen nis we 0 le 19% 19% 191%

100 NEW TRAINS NOW BUILDING

Most Railroads © Compete ~ For Fast Passenger Service.

T'imes Special NEW YORK, June 10.—Since the beginning of 1937 more than 100 new high-speed passenger locomotives costing $15,000,000 have been put into seryice or are nearing completion in locomotive plants in the efforts of railways to recapture passenger traflic, it became known today. With this fleet of new engines reinforcing their motive power, the railroads expect to launch the greatest ‘speed up” drive in their history. Virtually every line is planning to reduce the running time of its crack trains over the important runs. " - Competing in the effort to attract passengers are various types of locomotives—steam, diesel and electric. Engineers who have given the most thougiit to the problem of which type is most efficient have come to the conclusion that the question must be answered ‘individually in each instance. Traffic conditions, length of run, initial and maintenance costs all must be considered in the light of factors peculiar to each road.

Schedule to be Cut

The Baltimore and Ohio is planning to put into service two cilelectric locomotives which, it is anticipated, will cut an hour off the running time between New York and Washington, reducing it to around three hours. The New Haven is Ilastalling ten powerful stteamlined steam locomotives to speed up its service between New York and Boston. The Southern: Pacific, Union Pacific and Chicago and Northwestern are planning to put into joint service the largest motor driven streamlined train ever to reach the rails. The New York Central and the Pennsylva: iia are mapping a sharp reduction in the running time between New York and Chicago. Virtually every railroad of any size in the country either is building new locomotives and passenger. equipment or is laying plans to do so, giving. assurance that the public will be saved miillions of travel hours during the year.

FOREIGN EXCHANGE

NEW YORK, June 10.—Foreign exchange steady.

Cal Rates 3%

Net, Change

England (pound) .. 4 Eng. (80- d. bill rate)’ (dollar) : iy rane Italy (lire) .. vi Belgium (belga) Germany (mark) Switzerland Holland (guilder

Spain (peseta) ..Unquoted Sweden (krona) ... .2546 Sin eis Norway (krone) “... .248%y -- [......... Denmark (krone 2204 + .0000'> Japan (yen) ...... 2818 reise

For Final Stock | Quotations | See Later Editions of The Indianapolis Times

COMPLETE LOCAL LIVESTOCK |

GRAIN MARKET DROPS AS CROP REPORT NEARS

July Corn Futures Lose 2 Cents in Heavy Liquidation.

By United Press

CHICAGO, June 10 ~—Speculation over the volume of the winter wheat yield, as will be forecast in the Gove ernment report to be released late today, depressed wheat prices on the Chicago Board of Trade. At the end of the first hour wheat was % to 1 cent lower. ] 1 to 2% cents lower, and oats were % to 7 cent lower. There was some fair support given September futures in wheat, but the lower trend was too sharp to be turned. Some of the September buying was by houses with Northweste ern connections. Milling interests, too, were credited with buying on the dips. Wheat receipts were eight cars. Corn was slow with July futures falling off more than 2 cents in heavy liquidation. The setback failed to depress distant months more than a fraction, however, as there was some short-covering. Corn receipts were 34 cars.

WAGON WHEAT Oy ah elevators are paying $1.11 for

red eat. otlier grades on their iE. Cash’ orn new No. 2 yellow, $1.18, Oats, 37¢c., Hay—No. 1 timothy, [email protected], WINNIPEG WHEAT Open Change JUIY av ivevaninnssss . ress S1.1 October Ceseiistrerersieae x. 110% i

ARGENTINE GRAIN

BUENOS AIRES, June 10.—Grain fue tures opened lower: Wheat—June, $1.15%, off Yc; July, $1.14, off sc. Corn—June, 52Vc, off Jc: Ju Iy, '52%3c, off Jac. Oats— June, 28Y:¢, off loc. Flax—June, $1. 287, unchanged; July, $1.29, Snchanied,

LIVERPOOL’ WHEAT

Pre High Close « Close July ........31.287% sn oo $1.26, $1.28% QC sevens 1.22 1.20 120m 1.22% Dee, . . 1.20% 1.19% 1.197% 1.21%

|COMPROMISE ENDS

STOCKYARD STRIKE

By United Press EAST ST. LOUIS, Ill, June 10.

Trading had been resumed at the national stockyards today after strikers voted to accept a compro mise proposal, ending a two-day strike of 300 workers that caused suspension of all trading. The strikers, members of the Amalgamated Meat Cutters and Butcher Workers Union, returned to work yesterday at a wage increase of 6 cents an hour and a guaranteed 40-hour week with time and a half for overtime in excess. of 48 hours. Earlier, company of= fers of 48 and 50 cents an hour were rejected. The increase raised the workers’ pay to 52 cents an hour.

BROKERS’ OPINI ON °

By United Press NEW YORK, June 10. —Brokerage

opinion today: E. D. PIERCE & CO. 2 is obvie ous that the labor situation is cure,

rently the most important marke

influence, as war fears and gold un= certainties have been relieved oy res cent developments. It is quite pose: sible that the strike situation may’ become more aggravated Lefore pub= lic opinion crystallizes, FRAZIER JELKE & CO.—We Dew lieve that the long-range trend in prices of securities and commodities is upward. REDMOND & CO.—On any further recession in the averages, We believe that good support will be encournitered and accordingly again suggest that new trading purchases: be made at prices moderately under closing levels. LAMBORN, HUTCHINGS & CO. —Quiet, but nevertheless persistent:

accumulations of favorably situated -

issues appears to be taking place, in anticipation of a sustained re= sumption of the uptrend later. :

MONEY MARKET

NEW YORK. June 10.—Money rates were

h d todav , Bankers Acceptances — 30 days. -® Ts ne

: 20 days. 9-16%'2%: days. '20- 18%:

150 and 180 days. Commercial Paper—Prme names. 1%.

Ti PY days, 1%%. 120 0 and 180 davs Rediscount rate at New York. 1%2%. i rr

FOOD PRICES

CHICAGO, June 10. — Apples—Willow Twigs, [email protected]. Sweet Potatoes— Tennessee Nancy Halls, [email protected]. Carrots, —Illinois, bu., Spinach —Illinois, bu. 15@35¢c. Tomatoes—Texas, lusg, $1.50 2.25. Cauliflower—California, crates. $1. ie 1.40, Peas—California, hampers, 3}.0e Celery—Florida, 10-inch crates, [email protected].

ON SAVINGS

Thomson &

NEW YORK CHICAGO » TORONTO SOUTH BEND FT. WAYNE EVANSVILLE BOSTON CINCINNATI

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