Indianapolis Times, Indianapolis, Marion County, 12 June 1937 — Page 11

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"| Today

HER

REST

E Today : Yesterday

~ Year ago

: Today

SATURDAY,

NE 12,

1937

THE INDIANAPOLIS TIMES

PAGE 11

COMPLETE N. Y. EXCHANGE STOCKS

The Times Financial and Market Page

COMPLETE LOCAL LIVESTOCK

EEL ISSUES LEAD

DECLINE I

BONDS AR

Commodities Ease : Wheat and Corn Off Fractions.

By United Press NEW YORK, June 12. — Steel shares led the stock market lower in dull trading today.

Labor developments caused some holders of steel shares to unload. Bonds made an irregular decline. : Commodities eased with wheat and corn off fractions to more than a gcent a bushel Cotton lost more than 50 cents a bale.

TU. S. Steel preferred made a new “low for the year at 1303, off 1. The ‘common touched 965, off 11. . Wheeling Steel eased fractionally. Its preferred was down 3. Bethlehem and Inland lost more than a point. - Republic was down fractionally. . The Dow-Jones utility average “made a new low since 1935 as new +1937 lows were established by Consolidated Edison, Columbia Gas and Electric Power & Light. American - Telephone and International Telegrioys were unchanged.

' DOW-JONES STOCK AVERAGES 30 INDUSTRIALS

setssvvesteneseeeee 109.49 —1.28 © Yesterday 190.77 —=2.05 TF Week 220 |c:ccvvavinnnnnsedr.175.00 —0.14 Month ago ... ..169.60—--0.45 . Year ago 154.64—-1-0.93 High, 1937, 194.40: low, 167.46. ~ High, 1936, 184.90; low, 143.11.

20 RAILROADS

Today ...

5.60 —1.2 a + 0.14 46.33—+ 0.09

Yesterday Week ago EE Month ago] +..cocoveseeneeraas § Year ago © High, 1937, 64.46; low, 53.15. High, 1936, 59.89; low 40.66,

20 UTILITIES

“sss csssssss secon

ses cesssssssssesans

26.55 —0.23 26.18 —0.40 cesstcscssessnissses 20.93=—-10.10 . 29.53 —0.03 32.65—--0.52

Week ago ~ Month ago ...ecevsesenn

High, 1937, 37.54; low, 2 High, 1936, 36.08; low, 28.63.

“0 STOCKS

Yesterday Week a0 cccoisecsssscecscaes Month ag0 ..ccocreecvecnsees Year ago ...~S High, 1937, 69.67; low, 60.25. High, 1936, 66.38; low, 52.20.

2 2 #

Week's Business At a Glance

ADVERTISING—Advertising Age: Week May 29, retail advertising in newspapers of 78 major cities 22,091,065 lines vs. 18,year SE Sear to Sais 438,551,988 . 411,808,031 year TOMOB! Re ameral” Se otors Corp! May sales to consumers in U. S. nd Canada together with overseas shipments totaled 216.654 units vs. 238.377 in April and 222,603 year ago; 5 months 894,231] vs. 952,237 year ago. Ward's Automobile Re-

sessssesssescssnans

# ports—Output this bi) 118,798 units| vs.

104,136 last week and 98,960 year ago. BANKING—Dun Bradstreet: Week ended June 9 bank clearings $5,552,249,000 vs. $5,276,296,000 previous week ‘and $5,651,302, 000 year ago. ederal Reserve:

MARKET, 2 RAGGE

a 8 = yl | MARKETS AT A GLANCE Stocks lower in dull trading. | 3onds lower; U. S. Government | issues irregular. Jurb stocks irregularly lo wer fl

rains lower at Chicago; w eat ' off more than a cent a bushel.

Chicago Stocks |}

By v nited Press

Low. Abbott Lib 46 Adams Royalty .. Advance Alum Armour & Co ... Barlow & Sig A...... Berghoff Brew Bliss & Laugh ....ee0. Borg Warner «... Butler Bros ...... Butler B 5 cv pf. Cent Ill P S pf.. Cent & S W Ut. 2 Se weit 8 Chicago Corp 4 Chgo N W Ry Cities Service Comwlth Edison Comp Ind G Consol Bis Consum 6 pr pf ....... Cord Corp Decker % Cohn «..ee.. Dexter Co . Dixie Vortex ...

Goldblatt Heileman Horders I Houdaille-H B. Hupp Motor .... III No Util pf.. Jarvis W Relions sw Bd.. . Ky 84 cu pf. ...o.... 29 Ky Util 69, pf 3 Kingsbury Br Lincoln Pint

— ©

SIDI 0 4 UID DTI LIND DI Od += CO NI 00 WO jp OO — w

> » DEI D4 LI NI 00 hr O00 4 IG

N Noblitt-Sparks ... No Amer Car Pict Paper Pines Wfront ... Potted C Prima & Co 3s Pub S2rvice N Pi 7 of. Si ‘ Penn El S W A Rath Packing Ratheon Mfg Raytheon of ... . Stan Pregame seendEree

— DI a tO) [= — “I=IN Gd PUNTO)

0 NO Le. —~

8) BOs Bh @.

Curb Stocks

High Alum Ltd 3 dum £ Co Am. ie

Box "Brd.. Cyan B.... 33° Gen Cp... Maracaibo

105 138% 3 3% 317% 953 134

2 Am

A Am Am Am Super .... Atk NG A Austin Sil Mine Barium Stl Bellanca Air

—

SW Tt NTN Re lI

ww G3 a 141:

TS NNNG AR INR RAN

|[Eagle Picher L. 19 El B & Sh ci 14% {Equity 2

QOD DI CO = 1 00 1 CI BIO OD UID CY = ND UV ibs = ON ad Galt

Monetary goid stock up $91,000,000 to rec- | Gulf

ord high at $12.118,000,000; circulation off |

© $52, 000,000; brokers loans up $28,000,000; excess reserves $930,000,000, up $70,000,000; ratio unchanged at 79.6 vs. 79.0 year ago. CONSTRUCTION — Engineering: NewsRecord: Awards this week $42,883,000 vs. 835 €06,000 last week and $35, 226, 000 year

ELECTRICITY—Edison Electric Institute: whl June 5 output 2,131,092,000 k.w.h. vs. 2,206,713,000 previous week and 1,922.ear 0. 103.0% vear a un & Bradstreet: Week ended June 3, 146 vs. 189 previous week ago. DEX ES Dun & Bradstreet: Weex ended June 9, business activity. 93.3 per cent of estimated normal, low since Maton 3 vs. 93.4 per cent previous week and 83.7 per cent year ago; ool index on June 8 off 2 cents to $2.83 vs. $2.60 year ago. Moody's: Week us 5 business activity, 104.4 per cent of 1928 | average Vs. 104.3 per cent previous week and 84.1 per cent yéar ago. LUMBER—National Lumber Manufacturers Association: Week May 29, production, 288.,632.000 feet vs. 297.427.000 feet Previous ‘week: shipments, 267, 527.000 .feet Vs. 272.428,000° booked orders, 217,802,000 feet vs, 230,094.000 feet. METALS—American Bure of Metal Staristicss May zinc Production, 55,012 tons vs. 52,009 tons in April and 44 1833 tons year ago: April world gold production, excluding Russia, 2,372,000 fine ounces vs. 2.424 000 fine ounces in ‘March and 2,236,000 fine ounces year ago; four months. 9.471,000 ounces Vs. 8,759,000 ounces year

age BOIL — American Petroleum Institute: Week June 5. crude output averaged 3.538,150 barrels, off 35,550 from previous week: gasoline stocks off 1.264.000 barrels on seventh successive decline 10 77,494,000. RAILROADS — Association American Raiiroags: Week June 5, carloadings. 692,140 vs. 794,855 previous .week.and 695,844

Fess 820 TEEL—American Iron & Steel Insti- : pe e lowest 36 vs. 7.4 last week and 69.5 per cent year ago. Titted Press estimates: Steel ingot outut this week, 998,000 tons vs, 1,014, i ast week and 919, 1000 year ago. U. Steel Corp.: May shipments of Sri steel products toaled Pr 304. 039 tons vs. 1,343,644 in April and 984,097 year ago; five months, 6.345724 vs. 4,145285 tons year

EP RADE—Dun & Bradstreet: Retail this Hoek, 4 to 8 per cent above last week and 0 to 20 per cent over year 2go! wholesale, is to 30 per cent over year ag CORPORATION NEWS—American Telephone & TelegtiPh Co.: April net operating income $1,731.006 Le Psi. 856.804 year ago; Electric Power & Light, 12 months ended april 30 AI net $8.993,929 vs. $3.824,646 in previous 12 months; International Telephone & Telegraph and subsidiaries (excluding Spanish subsidiaries), first quarter net income $1.658,438 vs. revised net of $815,968 year ago; Montomery Ward, May Sales $39,140. tog best Mav in history vs. $30,295.408 year ago. up per cent; Hn ge and subsiLE 12 months ended April 30. net $11.636,487 vs. $7362,225 in previous 12 months; Universal Pictures and subsidiaries. 18 weeks ended May 1 net loss $105,069 vs. “6403. 966 in preceding quarter and $71,393 year ago; Zenith Radio, fiscal year ended Arh 30 consolidated net, $1,20a .074, record high, vs. $1,212,752 in preceding ye : DIVIDENDS—AIr Reduction, extra 75 cents on common; American Brake Shoe & Foundry, interim, 75 cents on common vs. previous 50 cents; American Shipbuilding. extra $1 on common; Chicago Towel $1.50 on common, first since $1 on Ap 1, 1932; Detroit Steel Products, 30 cents vs. previous 25 cents; Fairchild Aviation, Spee al stock of 1 share of Fairchild En- & Aircraft, for each share of Fairehild Aviation held; Howe Sound. extra 75 cents; Lehman Cprp., special $1.50 and quarterly 25 cents: Lion Oil Resins, extra 25 cents; Lynch Corp., Seal $1 on common: Pennsylvania R. R. 50 cents vs. previous $1; Singer . Manufacturing, extra $2.50: Swan-Finch Oil, 25 cents oa common, first Sings a. Pniversal Leaf Toacco. extra A com b (Copyright, 1937, by Onited Press) PS

LOCAL PRODUCE

s quoted are paid for stock a untry while for delivpr in His apois the prices are 1 cent pieher. ech I ful case of eggs mist weigh ounds Eggs on 1 Strictly fresh, loss off, l4c

0Z. Heavy breed hens, 5 lbs. and over, 13c; Leghor Jens; 9c. Heavy breed broilers. 1937 Stock 2 lbs. and over, 18c, Leghorn broilers. 1037 stock, 2 lbs. and over, 16c. areback brotiers 1937 stocks. 2 lbs. an over. ise 2 r £2 ter Ra Dusk ke X fullbs an at, an =a. full-fe athereq and fat, 9 to. 14 oe

Mesabi. Iron Molybdenum .. Mont Ward A . Niag H od Pitts P1 G. Rustless fast . egal oe, new 2% 8 erlin . Va Showin Ww 125 0 125 Ohio (L). 36Ys 36% Stecchs Bros eo 83 8% Sun Ray RR 4, Sunshine M ... 19% 19%2 Technicolor ... 26Ya 25% Un G Corp 834 8%s Un It P A.... 5% 5% Wright Har . =6Ys 6

1 ~ a LOCAL ISSUES The following quotations do not -epresent actual bids or offerings. but merely indicate the approximate market level as furnished by the brokers named (By Indianapolis fone Share Corp.)

Bid Ask Io V2

108 Va 106

Citz Ind Tel (TH) 4! Vas 61 H Tel & Tel R¥ s 55 H Tel & Tel Ft W 6s 5 Ind Assoc Tel 4'2s 65 . Indiana Tel Co 5s Indpls Railway Ins &s "67. Indpls Water Co 3'2s 66 Interstate Tel & Tel 5Ya2s = . 9% Kokomo Water 4s 5s ; Kuhner Packing Co 4'zs 3 we 90 Morris 5 & 10 Stores 3s 50....100 Muncie Water Works 5 Noblesville HL & P Ohio "Tel Serv 6s 47 Richmond W W 5s 57 Seymour Water Co 5s 49 T H Trac & L 5s 44 . T H Water Works 5s 56 T H Water Works 6s 49 Trac Term Co 5s 57 .

OCKS Belt Railroad & St Yds cum.. Belt Railroad & St Yds pfd.. Cent Ind Power nf Ts Home Tel & Tel Ft Wayne.. Hook 5 hg Inc *Ind & Mich Eiec Co pfd 7s.. Ind Gas Co c :

Pub Se N nd Pub Serv Co pid 6S... 11 N Ind Pub Serv pfd 5's P R Mallory Co com

*Bx-Dividend.

{By M. P. Crist & Co.) Market St. Investing Corp....33.35

FOREIGN EXCHANGE

EY YORK, July 12.—Foreign exchange

Cable Rates. Net Change. ia 11-16 001% 2 15-16 I 00% +.00 1-32

Znsland (pound)... Eng. (60-d. bill rate) 4 Canada (dollar) . France (franc) .... Italy (lire) ........ Belgium (belga) ... Germany (mark) .. Ger’y (travel mark) -.2 Switzerland {fran Holland (guilder).. Spain (peseta) .... Sweden (krona) ... Norway (krone) 12480 ves Denmark (krone) .. .2203 vias: Japan (yen) 2 —.0000%2

U. S. STATEMENT

WASHINGTON, June 12.—Government expenses - and receipts for the current fiscal year through June 10, compared with a year ago:

This . 37.036.

—.0001 +.0004 0003; 499 $0034 Unguoted 2544 —.0000%2

Last Yea. $6,771,889, 320. 57 3, 714, 471,435.40

Yea Expenses . 391. 085. a9 Receipt

al. ,18 Pub, debt..35, 282. 4 Gold. res. .12,127 45 Customs a 39-56

Tod Inactive gold.. $0. 901, Ihe: 3 ease, 110; 032. 28 INDIANAPOLIS S CLEARING HOUSE Cle $ 3,598,

sevsses

4 Greyhnd Corp

FINAL NEW YORK STOCKS

By United Press

Net High. Low. Close. Change.

Adams Exp seni Air Reduc ..

Am Woolen pL. Am Zinc ... Anaconda .

Arm HE dL. Armstrong Ck ..

Atchison Alenisop pli.

Atlas Corp Atlas Corp pf .. Austin Nich .. Avn Corp ...

Bald Loco .... Bald Loco as .. Balt & Ohio ... Balt & O pf ... Barker Bros ... Barnsdall

Eendix Avn .... Ben Ind Loan ..

Beth Stl 7 pf .. Beth Stl 5 pf .. 18 Blaw-Knox . 24 Boeing Air . Boeing Air Rts. Borden Borg-Vvarner Bdgept Brass ..-

ed Bklyn U Gas .. Bucyrus- a od dd Mf

Butler Bros ... Buller Bros pf. Butte Co . Jacksor..

Cal Packing Call Zinc . ie Calumet & H .. Canada Dry ... Can Pacific Cannon Mills .. Carr &: Gen ... Caterpillar T .. Celanese Celotex Fon} Atlige 5 Cen RNJ.. 2 Cer Is Pasco .. Certain-teed ... Ches & Ohio i Chic Gt W' p Chi Mail Order Ch MStP &P Ch M St P& Ppt

-— os "te

UID me 00 i DD OY Na

Col Fuel & Iron 32% Colum Sp ool Col G “A id 841; Col Pictures vtec 301% Com Credi 60 Com Cred cv hg: Com Solv Com Com

i J.. 33 Cons Edison Cons Oil !.. Cons Oil 5 Con Rr Cu; Con Textile Container i Container Rt .. Cont Bak A ... Cont Bak 3 “ed Cont Bak pf.. Cont Can

Mot gon Oil Del.. Cont Steel ... Corn Prod | eens

e /8 Cr Co .cum or 11634 Cream Wt 30% Cr Cork & S.. Crown Zeller Crucible St Cuba Co Cub-Am Sug Curtis Pub Curtiss-Wr . Curt-Wr A....

Davega Strs ... 141; Davega cum pf.. 20} Deere & Co .... Deere pf 273 Detsal Ww > weve DL & W... Dia Match . Dist Seag Dixie-Vortex .. Doenler D Cas..

a T Je 17

1635 coe 1078 2

ut NEN

141%

me Ee

East Kodak lec 4 adlo-L Elecaiusic Ind. P&L...

..-170 .. 381%

Bri > Briel Rac”

Fair Morse ... Fajardo Sug ... Fed Lt i= Tr... Fed Mot Fed Wat S A. * Pid Phen .. Firestone 3

Francisco Su C Fromttulnaur

Gabriel A Gair, Robt Gar ‘Wood Ind . In

Gobel, Adolf ... Goebel Erew ... Goodrich ...... 41 Goodrich pf Goodyear

1 41,

Greyhnd 4!'2 pf 11%

5 Hudson Mot .. 151 Hupp Mot .....

d Ra

169% 3814

HLL EVIL

FLEE V LL LL

SERURAESRRRNE

ily

+11:

~ brass En ae 5

Fpl

j1++1 010

SSNENET

ey RT oR ARTO 00RD He TN

—

A ST BNTRR ATR

"0 2X

— XW

oe ee LD J

—--

RC s QATAR RS NA AR AD RN

17 MOST ACTIVE STOCKS : Net High. Low. Close. Change. ceese. S174 50% 50% 3 98% 961% 08% 4012 41% 2% 106% | 81% 177s 51s 1¥4 4% 31% 51% 15% 18% 38%4 20 13%

Gen Mts U. 8S. Steel .... N Y Cent Comwealth Co . 2% Chrysler 105% Radio Corp Amr 83 18's . 52% 17% 4% 3134 52% 15% 18% 383% . 20%

13%

i 1

- 8 .e

Aanconda C:zp Pure Oil United Corp ... Rep Steel Gen Elec Elec Pwr&It . Socony Vac Celanese Spiegel Studebaker ....

. .

LEE) Ls

Net High Close Change 6%2 Y3 62 Z 18% 6 47% 1473, 107

nter RT ..... nter Jon evens 18%

- 41% FOE

s Cr Coal

Johns-Man .123 Kelsey-Hayes B. 11 Kennecott 5814 Kennecott Keystone 5 “en Kinne :

yc. . Kresge D Ss’ oe Kroker G&B .

‘Lambert ......

Leh V Coal .. .ehigh VC pf . snman Lehn & Fink.. Libby Mc&L .. LOF Glass .... Life aves That igg . ify Tul Sup Lima Loco Liq Carb . Loew's oi Loew’s pf .. Lone Star Cem. Lorillard Loose-W Bis .. Ludlum Stl ....

MeO Corp rory

i H .... McIntyre P McKeesport . McKess & R .. McLellan St ... 13

Martin Parry Masonite Corp . Mathieson

Mission Corp .. Mo-K Tex .

Mont Ward .... Mother Lode Motor Prod. . Motor Whi ..... Mueller Br ..... 3 Mullins Mfg B. Murray 1

173% 23Ys

3312 323% 22Yy 22 «16 16 . 303s 301 3 33 94 9 15 1, 62 T6l: . 991, 99, 6 61a 14%; 141

Nash-Kelv ..... Na

am a 1415

INVESTING CO.’S

(By the N. Y. Security Dealers Assn.)

w wo

bea Gash = 600 19 65 £3 05 $0 43 LI DIDO On CYC Lad ibn bi G3 fut 4 HY CO oT DIINO O DDD WO

Ea Tr $3 37 Fidelity. 1st Bos. Fix Tr A 'B v.10

Found . Pd I 31 Fd Tr A 6.08 ’B 5.57 Gen Inv 6.71 Group Securities Agri 01.91

no 35355 4

B 7 USEL&PA Ag >

| Swen Fd .

1 DD bt ht ht 1 dD 4 DD 2E3nunehs

1835

NOI

Hur Corp .62

CHICAGO PRODUCE

Eggs—Market, steady; receipts, 22.082 cases; fresh graded firsts, 19c¢: extra firsts, 19%¢c; current receipts, 1734c; dirties, 16'2c; checks, 16%c; storage Datkad firsts, 20%c; storage packed extras, 20%c.

Butter—Market, firmer; Tece] ts, 16,629 tubs; extra firsts (90-9115). 29%,@ 293%;c; extras (92), 390c; firsts, 27V, 283 secconds, 23@27c; standards, 29%c; SPrckals, 20l2@31c; cent. 89, 2834c; cent. 88, 271% Poultry—Market,. steady; receipts, 8 trucks; ducks, 9@12c; geese, 9c; hens, 13@ 17¢; broilers, 15@20c; Leghorn’ hens, 10@ 12%ec; turkeys, 13@16c; old roosters. 12@ 13c: pi FL {including Dareharks), 17@23c; spring chickens, 21@26% Cheese—Twins, 18% a 1c; Daisies, 16@ 16}2c; Longhorns, 164216Y Potatoes (old toch —Saoplies light, demand slow, market weak; Idaho Russot Burbanks, [email protected]; Washington Russet Burbanks, $1. 90; Colorado Russet Burbanks, $1.50. New Sock) Joijes liberal, demand ood; market, weak; California White Rose, 1.60@1. 85; Arkansas Bliss Triumphs, $1. 50 @1.70: Oklahoma Bliss Triumphs, $1.5 Louisiana Bliss Triumphs, $1.50@1. 30 North Carolina Cobblers. $1. 65; Misgissippi Bliss Triumphs. $1.5061.75; U. S. No. 2, 90c@$1; Alabama $1.627% @1.65; track sales, les an carlots, Virginig & ‘Cobblers, $1.80; I Bliss Triump Arrivals, 154; shipments, 1376; on track,

Bliss Triumphs

BANK STOCKS

(By Blyth & Co, Inc.)

Bid sBankers: Trust ......c..evs.. 66Va Central Hanover :.......ec.. «133% Chase National Chemical Bank 5 Trust ..... 65% *Guaranty Trust Irving

Continental Tu Natl Bk, on. aa First National Bank, B National Shawmut Bk Boston. . 0 National City Bk, Cleveland... 307% FIRE INSURANCE: Aetna Fir swsevend. Cit of New YOrk «ocvsienees 24, Federa cessesseces 4)3, Fran Tin Great American Hanove Hartford

National Fire

North River

IS Fire ...c.coiieiinninens. Westchester ! gaguaLty COMPANY Continental Casua

Mass Bonding & BY a *Ex-dividend. ance.

‘MONEY MARKET

NEW YORK Sune 12. oy rates were unchanged »O 120

kets Acecitanges ays, %a

27% a 60%

71-16%; “osu ve %00-16%: 3 150 and 180 davs.

.| Worthington ... a0

"Young §5 & Ww .

Net High Low Close Change

Newport Ind N ig NYC

Otis Elev ..... Otis Steel wo) Owens Ill G ...

, Bac Am Fish “ 29

Pac G & El ... Pacific Tis ds Packard

Para Pic 2 Pf. oe 17 Park & Til . +3 Park Utah .... Parke Davis ...

. . a NY OTNCNY

eo oN

Pe Phelps Dodg : Phelps Dodg Rts y 16 Ph Read C I

Ve Phil Morris .... oth

Ritter Dent

Safew od 5t Jos. Yond ee tL SF pf i. chenley Dist . chenlty Dist pf

So Por R Sug . South Pac

So Ry pf Soares With Spear & Co ... Sperry-Corp os Spicer Mfg .... Spiegel Inc ....

Merl Prod ..... Stew-War Siokely Br . one & Web Stidepaker °

Superior O . Sei Pap .

wift & Co va Sits Intl ..... 3 Sym Gould Cp .

Tenn Corp ..... Texas Corp 5 Tex Sur Prod. T&PCC .

21 we . 21% B... 60 «12% .. 1235 Truscon St |.... 14 :

20th Cen Fox .. 36a Tw N Coach ... 18% ¢ =U Und E Fish .... 80: Unjon B & P .. 73 Union Carb ... 98% Un Oil Cal «23% Union Pacific ..139 Un Tank «2

6 Un Aircraft C 28% Un Air Lines i 375 Un Biscuit ".... Un Carbon .... United Corp . United Cp pt. . United Drug.. Un El Coal.. Un Gas Imp.. Un Paperbd ..

addaddadad Dyn RNDUnynnn on

m Steel Steel pf. n Stores A. P'& YA.

gaa

Vadsco Sales... Vanadium .... Va-Caro Ch . Va-Car 6 pf. is

5 1014 137, 57,

Wabash Wabash pf A Waldorf Sys.. Walgreen Walker (H) .... Walworth Ward Bak pf . Warner Bros . Warren Br ... . Warren F & P. 38 Wes Oil & S .. Wes Oil pf .... West Md West Pac .. West Pac pf ... West Union .... West A Bke ... Westing El .... Wayne Pump .. 45% West Auto Sup . 37 Weston El In .. 233; ‘30 471, Wheel St pf -.108 ite Mot . . 2215 White Sew v. . 4Y,

sir hE ee NO a AND AY =

TRERESUEE

—Y Yale & 'T ..... 30 Yellow Tr 23% 375% . 81Ys 80% we 321, 3214 512 , 5%

Young {Sheet . 807 — 324 5%

—i 8

Zenith Rad .... Zonits: —-

BROKERS’ OPINION

By United Press ‘NEW YORK, June 12.—Brokerage opinion today: E A Pierce & Co.—Although the market may decline somewhat further, we do not think this is a proper time to abandon investment positions. Redmond & Co.—Think that short-term trading commitments made around current levels will prove profitable. Frazier Jelke & Co.—Any change for the hetter in the industrial out-

look should encourage a rally of at

least technical proportions Lamborn, Hutchings & Co.—New lows if they develop should be watched carefully for the beginning of attracting the necessary investment buying which usually is the forerunner of any real turn in the trend of the market. J. S. Bache & Co.—There is at present no change in our view that the broad trading area outlined in the past few weeks represents a basing-our process for a subsequent recovery movement. W. L. Lyons & Co.—Some of the major business indices to be released today and Monday will show rather sharp falling off for these last seven days, and it is becoming more evi-

dent in the papers that the gout 2.1

COMPROMISE ON HOG PRIGE ENDS

Sellers Threaten to Lock Up Supply Till Monday = Market.

The 25-cent downturn that was enforced in hog prices locally Friday and which put this market low as compared with competing centers did not satisfy the buying ride, and bearish tactics were renewed

LONG STRUGGLE 5

today, according to the Bureau of Agricultural Economics,, U. S. Department of Agriculture. After bidding unevenly 10 cents ty 25 cents lower at the start, then a

quarter lower on all weights, fhe market was finally. established 011 a steady to 10-cent lower basis wlien the selling side threatened to 'ock up supplies until Monday.

The week's sharp downtuma in fresh pork prices caused Eastern packers to work from a hend-to-mouth basis. Top here dipped to $11.30, weights above - 150 pounds generally showing a 10-cent downturn, the exception being on 350 to 400 pounds, which were 5 cents off. Sows ‘at $9.75 to $10.40 were steady to 10 cents off.

Heifers Go Higher . J

All light steers and yearlings were! fairly active this week and stearry to strong. Heifers closed the period fairly 25 cents higher after a sevies of active markets. Cows are. 25 cents lower, bulls’ 25 cents hi zher, and vealers mostly steady, spo# s 50c lower. Stockers closed steady to 25 cents lower. The week’s fJxd top stood at $13.50, bulk $10.50 to $12. Numerous loads of heifers; sold at $12, mixed yearlings $12.35. Late top sausage bulls was $6.75, and vealers $9. Native spring lambs this week were steady to 50 ce ats higher, strictly choice grade showing advance. Closing bulk good and choice springers moved; from $11.50 to $12, medium $10.57 to $11, and culls down to $9. Bick lambs were taken out at $1 per; cwt. discount. Sheep held steady, with late top on shorn Slaughter, ewes $3. HI. ,GS : He sendy Recon 8. 15@11. jo

10:4 40@1). 65 10.40@1".'65

M¢ Lightweights— (160-180)

(180-200) pos

Medium Wr ey (200-220) ‘Good and choice... (220-250) Good and choice. Heavywel .'Ats— (250-23 )) Good and choice. . (290-3 ,0) Good “and: choice. .

wi and choice. .

ium 0d and choice. .

. Good (273 Sa Medium

Slau § ater Pigs (10 )-140) Good and choice. .

/ —Receipts,

; 25—, 1550-900) G

Ww © bd 3 a

C ) (900-1100)

(1100-1300)

(1300-1500)

SVP O10 S100 = NO I=I TUN DINO UI=IDI oOo oUIIoo UL Oh fh ph fh fd fk fd ph ft pb pd BO GIRS B01 00 DPW

Bd hed pd pb

(500-750)

(750-900) Good and choice. .

Common, medium.

08 ©3933329903993

Dio ocuocow

Choice Good Common and medium . Low cutter and cutter .

Bulls, good Cutter, com.

9393@

Vealers —Receipts, Sood 2 and choice

25—

Calves

Stee (350- -500) Good and choice..$ 8. Lommon, medium. 5. er and Stocker Cattle (500- A Cool and choice. .$ 7. mon, medium. 6. (800-1050) Soma and choice . 7. ommon, medium. 6. Heifers— rS—

Good and choice Common and medium SHEEP AND LAMBS

—Receipts, 25— Spring Lambs—

Mn, 1030 09 uo nme ow SS cuod oo

Medium Common

(90-175) ‘Good and choice . Common, medium.

By United Press

CHICAGO. June 12.—Livestock: Hogs—Receipts, 4000, plane 3800 directs; market nominally steady with very fey fresh hogs on sale. Top, 11. 50 nomi-

Cattle—Receipts, Sao; calves, 100; steady, Yearlings and Ig steers active, strong to 25 cents higher; cows very scarce; cutter grades, 25 cents higher; beef cows, 25 to 50 cents higher; bulls steady; vealers, 25 to 50 cents higher; extreme top, $14.50 on 1285-pound averages; prime 1160pound steers, $14.25; best long yearlings, $13: heifers, $12.50, and choice cows, $10. Sheep—Receipts, 2000; steady. Fat native spring lambs fully steady to stronger; yearlings around 50 cents lower; week's top native Sphingers $13.25; best to packers, $13; most 75 to 76-pound Idahos, $12 to $12.50; good 20! -pound Californias, $12; week’s yearling top, $ : week's ‘bulk shorn yearlings, $9 to $10: 83- -pound yearIngs. ‘$8.50; shorn slaughter ewes, $3 to

YNE, June 12.—Hoos—Market,

"$9.25;

. oushs stags, $8.50; calves, $9: $11.

lambs,

NEW BOND ISSUES (By W. L. Lyons & Co.)

2d, Ass’d Tel 4s 65 Atl Siy 32s 64 B Oo 39 ceesasesnnns}

4s Cali? Oro Brew 45°66... Celotex 4'%s 47 Cet Maine Pwr 4s 60.. Cent Maine Pwr 3's 66. Cinti G & E 3%s 66..... Sind G&E 32s 87.

sesessasssnss.l ceesscnenianass

58 66 4 Lt & Power dis 66..1 Indpls Water 3's 66 Kansas P&L 4%s Koppers Co 4s 51 Los Angeles Rev 3%s 17 Louisville G & E 3's 66.. Metro 4s 65 . Narra Elec 3'%s 66........ See 1 NY City 3s 7 NY State ee Jas 4s 65. Bot Sate is ig 567

ist G & E Wisc Pub Svs rd 6l...vevenine. 101%

FOOD PRICES

CHIC. June 12. —Apples— Willow twigs, Ph Gas. 25. Sweet potatoes—Tennessee Nancy Halls, 3L Jal. 85. Carrots—Illinois, bushel, $2. Spinach—Illinois, bushel, 15@35¢c. ‘Tom atoes—Texas, lugs, $1. 5a

4 Caulifl ifornia, crates, & .50 Py ham; )

N. Y. Bonds By United Press

BOND P/RICE INDEXES 20 : 60 Util. Bonds *95.5

935. 96.5 96.2

88. 1 100.5 95.6 100.2 93.3 93.

1935 93. 83.0 |

1935 89.3

(Copyrig: a’, 1937, Standard Statistics Co.) Trar sactions totaled 387,220 shares,

compa red with 342,400 last Saturday.

10 MOST ACTIVE BONDS Net Month Close. Change. Ago.

? Year Ago. Phl/ fps Dodge aks *52

C ms Oil 36s ’51..100% rT "w Tel& Tel 4%s

on Nor 4s G ’46 12933 Chi M StP&P 5s 2000 x rie 8 NY Cent 3%s ’52 108 109% .... Int TI&T] 4'25’42 7134 deat 8Y Buff R&P 4s ’57 841% 8614 8% Pure Oil 4Ys

11275 | 10274 |

11115 Grt Nor 4s H'46 110% 10914 U. S. GOVERNMENT BONDS Treasury Bonds High 5.14

Low 105.14 10s 1 106. 12 nL be

Close 398% 40 Ju 105.14 Ss 1943-41 March

104.23 | 100.22

MN 2%s 1959- 56

Ss. Corvitirging

Ask Yield | 8100. 4s $100. 3 101. 0. 34 | 101. 31 0.37 13 0.464

0.61 |

September 34s 1937.. February 2%gs 193 . March 3s 1438 June 27s 193 Be he 2Vss 102 32. March 1Y%s 1939 June ‘2%as 1939. September 13s 1939.

1.19 1.26 1.29. 1.39 1.43 1.50 March 1Yas 1.53 June 13s 1941 December 1Ys A , 98.25 March 1%s 1942 100.8 100.10 LAND BANK BONDS 3s July 1955-45 0 3s 1955-46

4sYs Nov. 1958-38 ......103% 104Va

Federal Farm Mortgage Bonds ges Iv oO oy

103 103 101.13 -101.13 101. ia 102.14 102.14 102.14 Home Owners Loan Bonds 100.14 100.12 100.12 103.3 102.1 302.3

Anaconda C 4lzs 50 . Arm Co 4s 55

28 Beth Stl 4Yis 6 Bu R & P con 4l2s 57. Can Pacden = perp ... Oem Ill El 55 5 Pac

i W Childs Co 5s 43 Cin Un H 3's 71 CCC St L 4s E 77 ... CCC St L gen 4s 93 ...1 Clev Un Ter 5s 73

ih Co 3s 51 Daye t P&L 3%s 60 ... & H ref 4s lo

Erie ref 5s 67 Flor E Coast 5s 74 .... Gen M Ac 3Ys 51 Gen M Ac 3s 46. ......10 Gen Ctl Cas 2s 40 .. Goodrich.

Jns & Lgh 4%s 61 .... Kresge Fou 4s 45...... Lac Gas 5s 39 Lig & Myers 5s 51 Loews Inc 32s 46 Lou Ark Ry 5s 69.. Lou & N 3%s 2003 .....

adj 5 Mo Vacif cv Bias 49.. Mo Pacific 5s I 81 .

Penn RR gn 30s 65. Penn RR 4Yas hd

Fuilippine R 4s Port GE 4V

i 97.. Rem Rd 4Yss 56. Rep Stl C 25s 50.....155 geeh Air Lin 6s 45....

So Rwy 6 Sou Ry gen Stan Oil N . Studbk 6s 4 Texas Cor 3% Third Av adj 55 6 United Drug 5s 55 . U S Rubber 5s 47 . Vanadium 5s 41 ... . Va Ry Co 33s 2 ceene 105 Warner Bro 6s 95 West Union 5s F: Wheel Stl wi 66 Young S & T 4s 61 ... Yng S&T 3%s 51 ...1;

FOREIGN B Argent 4%s T1

131%

10114

vessseseme BIYa . 99%, « 50 98 1934 PROPOSE RVJBBER HIKE By United Press

LA PAZ, Bolivia, June 12.—Rubber producers today advised the government they are ready to increase rubber output provided that the |

19%

95.6 |

1.12 |

| cents.

{$11.35 nominal;

(

CANADIAN RAIN | INDUCES SALES IN CHICAGO PIT

Corn Prices ‘Were Lower In Sympathy With Wheat. |

By United Press CHICAGO, June 12.—Liquidattion induced by reports of showers in the spring wheat area coupled with weakness in foreign markets carried wheat futures into lower ground here today, The decline in the “big pit” had a bearish influence on ‘other cereals. Athe close wheat was 21% to 23% cents lower, July $1.05%; new corn was 12 to 3 cents lower, $1.¥2; old corn was 2 cents lower, July $1.11, and oats were %: to 1 cent lower, July 38 cents. ! The opening of trading th wheat was at sharply lower levels. Buying power was poor until after the July delivery reached $1.12; at which point enough support was #incovered to check the downward tmend for 2 while. = Selling persisted, however,

8, and early losses were extended in

the final hour of the short session. Continued fair milling demand for cash wheat here lent a little support to the futures. Shippers reported sales of 16 010 bushels, while 3000 bushels’ weye booked to arrive. An additional’ bit of news {encouraging to bulls-wias the report that a few loads of, hard winter wheat were sold to ‘the European continent yesterday vila the gulf. Corn prices followed the downward trend in wheat with increased receipts putting additional pressure on the old crop months. July corn at one time was off a cent a bushel .- while the September was down 2 Some trad:rs looked for the usual June run pf corn from the

| country followin g the planting of

the new crop, bat some circles believe there is litgle promise for the building up of any important contract stocks ‘during the present month. Oats, rye amd soy beans also showed prononced weakness as a result of ligwidntion,

CHICA (0 GRAIN

Wheat RANGE

Pre Close. Cho 0573 $1. ii $1.083%% 1.05% 1. (8% 1 0734 : 0st 1.10%

; : July High. ow.

1.08 r Sept 1.077 Dec eh 1.14

1,12 1.12

1.11%a .99 137%

hia 99 1.02 2 13% »15% .38 .34% .36%ab

39 35 36%

£1 79?

co. 1.43 1.44, ia. 1.08 ‘0937 . 1.08% 1.092%

1.09%

..12.12 11.82 11.85 . 12 42 12.12 12.12 2.42 12.12 12.17

BAS New **0ld.

I: CHICAGO PRIMARY RECEIPTS

Wheas, sees

cereseinana..y 124,000 150.000 on CASH cat—Sample h 15 No. fared S12 20" Ro as OW. 81.10% @1. S01; $11861.2005 Now 3" vellow, $1. yi yellow. $1.17: No. yellow, $1. 16: Oats—No. 2 whita, 13 white, 453;@ 4634s Barley—Feed, 55 680: 8 . [Soy 'Er:ans—No. 2 Yel: Seed. AA 2a | oY. Ny y Seed— over Seed— = Cash roi tard $11.82 4 saad.

leaf, $12.25 ask; bellies,

$16.25 ask,

Win WHEAT City grain elevators are pa ing $1.1 No. 1 red wheat. otuer Ds i 2.0% merits. Cash corn pew No. 2 yellow. $1.16. Oats, 37c. Hay—No. No. 1 timothy, [email protected].

WINNIPEG WV WHEAT Prev. Close $1.17 1.11 1.09%

July .....81; RL $1. Low October . 1.11% 1.087%: December 1.10 1.07%

LIVERPOOL WHEAT

Low

Cl 1.1453 1.0873-1.98 1.0735

Close $1.24 19%: ; 1.1875 1.183% 1.183; 1.18% 1.20%

COMMODITY PRICES

((By Abbott, Proctor & Paine) COTTON NEW YORK -

Log, Close. 1.96

December

12. Spot, 12. 43, off .13. NEW ORLEANS

. Low. 11.85 11.98 - 12.05 12.12 12.10 12.25

NEW YORK COTTONSEED om High. Lov: Close, close: 9.4 45 9.60

vs... 9.66 5.45 5:43 9.64

September .. . 9M 9.39 9.39 9.61

October 9.69

sevens sen.

J Prev. November Close ;

DUTTER Prev. Close

Noversber wedenian .30%

Prev.

October Cigse

FRIGIDAIRE TO EXPAND

DAYTON, O., June 12.—Frigidaire division of the Genéral Motors Corp. today announced it will broaden its manufacturing and markete ing activity in the near future with Tignes into the general appliance e

OIL PRODUCTION GAINS

TULSA, June 12.—United States oil producers closed the month of May with a 33,571-barrel increase over the daily average for the previous week, the Oil & Gas Journal reported today.

new Bolivian-Chilean commercial treaty, now under way, stipulates

“normal” sg.les of the commodity to Chile.

SAFE DEPOSIT BOXES % The

Indiana Nats! Bank