Indianapolis Times, Volume 41, Number 77, Indianapolis, Marion County, 9 August 1929 — Page 25

m 9, 1929

BANKS AIDED ' BY RULING ON TAX APPEALS Decision Way Affect Court Fight Against Alleged Discrimination. Ruling of Attorney -General James M. Ogden forbidding the state tax board from providing transcript of evidence for court ■ appeals on the grounds the 1927 statute is unconstitutional may change the entire plan of attack on alleged discriminations being fostered by the Indiana Prnkers' Association, it was learned today. The opinion aids, rather than injures, the bankers’ case, according to Leo Gardner of the firm of Jones, Hammond & Buschmann, attorneys for the association. Ogden held, in an opinion, given upon request of Philip Zoercher, member of the state tax board, that the 1927 statute providing for appeals gives the courts the power to set a tax levy, an absolutely legislative function which could not be constitutionally conferred upon a judicial body. Orders Transcripts Withheld He told the board members to refuse to give out transcripts of evidence for court appeals on that ground. Should the law be tested regarding its constitutionality, the procedure would be to seek a mandate requiring the tax board to render the transcripts. Gardner declared that In the case of the banks this is not likely to be the method followed. The banks are attacking the tax law on the ground it is discriminatory in not permitting debt deductions from state bank stocks as is allowed in other capital investments. The procedure, in face of the Ogden ruling, may be an injunction suit against both the state tax board and local authorities attacking the entire law, he declared. The court would be asked to enjoin the bank stock tax collections. Others May Make Test Others seeking appeals may test out the constitutionality as held by Ogden, however. This opinion is . somewhat similar to one given by former Attorney-General Arthur L. Cilliom in a letter to then Governor Ed Jackson in which the law, just passed by the 1927 legislative session. was held unconstitutional. Twenty-eight state banks and the La Porte Gas and Electric Company have filed notice of appeal from tax board valuations and fifteen others are already on file. In Henry county a case has, already been ruled on by the court * and the tax board figures reduced.

Banks and Exchange

INDIAN "’CMS STATEMENT Indianapolis ...Tk clearing-. Friday, Aug. 9, $4,048,000; debits. $7,811,000. NEW YORK STATEMENT B” r „ltr.f PrStK NEW YORK. Aug. 9.—Bank clearings, > *1 4.48 000.000; clearing house balance. $159,000,000: federal reserve bank credit balance. $148,000,000. WASHINGTON STATEMENT B>' r.Wf.’d p,.., WASHINGTON. Aug 9.—Treasury net balance on Aug 7 was. $l3B 496.337 81; customs receipts to that date. $11,738,590. FOREIGN EXCHANGE B" T'nifrr! NEW YORK. Aug. 9.—Foreign exchange Closed lowr. Demand sterling $4 84 7-16. off 00 1 9; franc. 3.91 c: lira. 5.22 9-16, off .00 1-6; belga. 13.89’2C; mark, 23.80 c, oft .001. CHICAGO STATEMENT , Btr r nit, -it Pres t CHICAGO, Aug. 9.—Bank clearings, $106,100,000; balances. $83,000,000. JUST A YOUNG FELLOW! B’' fnifdrf Prf.it NEW YORK. Aug. 9.—Ninety-four end just getting started in life, is Major F. Arnold Robert, Civil war veteran. * He smokes, was never married, likes horses and walks about six hours a day. His smoking is featured by the consumption of from twenty to fifty cigarets a day. “Yes. I’m 94,” he says, “but I’m still good for twenty more.”

GIVEN AWAY! dßan, Guaranteed Cigarette To the Men and a White Gold Filled | jj with Every Watch ,^llf timed and adjusted and fully xMhHhII None guaranteed. The cigarette lighter or Mmm Sold 2Sc POWW! %Jp Krauss Sells Only ( W h/~\W K K America's Finest Ky) JEWELRY CJ "Roger* Bros. 147" Sllrrr- Oven Open CREDIT JEWELERS Elfin, IlltnoU. Benru* and g , , u .. Bl . Bui ora. Term* at the tand- }f/ WSSbilUTtllß St LillCOlll HOtfil BiOg. ard advertised cash price*. I (>) n. waamiifeWH *

New York Stocks

—AUg. 9 Prev. Railroads— High. Low. 12:00. close. Atchison 269 267% 268 275* Atl Coast Line 193* 193* 193* ... Balt & 0hi0... .130* 127* 130* 134* Cana than Pac ..227 225* 226 V. 229* Chess At Ohio 251* Chesa Corn ;3% Chi at N West.. 88 * 88 * 88 * 90* Chi Grt West.. 15* 14* 15* 15* CR I At P ....134* 132 134* 138 Del At Hud50n...212 211 212 215* Del At Lacka ..143 142 143 145* Erie 82 Vi 81 81H 85 Erie Ist pfd *2 Grt Nor 118* 118 116* 119* C-ull Mob At Oil 48* 48* 48* 50 1 '4 111 Central ....143 142* 142* 143 Lehigh Valiev .. 90* 897i 89* 91* Kan Cl tv South 102* Lou At Nash 142 142 142 M K& T 55* 51 52* 56* Mo Pac pfd ....139 138 139 140* N Y Central....229* 228* 229 233* N Y C & St L. .154* 154* 154 Vi 161 NY NH At H 117* 116 117 119* Nor Pacific 106 104* 106 108* Norfolk At West.2so 248 V. 250 254 O At W 24* 24 24 25 Vi Pennsylvania .. 92* 91* 91* 94* P At W Va 139 139 139 141 Reading .. 118 118 118 120* Seab’d Air L.... 20 20 20 20 Southern Ry ..14841 148 148 149* Southern Pac ..140 137 139* 140* St Paul 37 35 36* 39* St Paul pfd 57* 56* 57 Va 59* St L& S W 97 96* 96* ... St L & 8 F... .125* 125 125 128* Union Pacific ..226* 262* 264* 269 West Maryiand.. 42* 42 42* 44* Wabash 67 * 67 67* 70* West Pac 35 35 35 35* Rubbers— Ajax 4* 4* 4* 4* Fisk 7* 7* 7* 76 Goodrich 75* 74 74 76* Goodyear 112 104 109* 114* Kelly-Spgfld .... 11 10* 10* 11* Lee 12* 12* 12* 13 United States .. 45* 45* 45* 46* Equipments— Am aCr At Fdy.. 97* 97* 9* 99 Am Locomotive 125 124 124 126% Am Steel Fd ... 64Vi 62Vi 64* 66* Am Air Brake Sh 58* 57 * 57* 60* Man Elec Sup 27 General Elec ...386 382* 385 385 Gen Rv Signal .113* 111* 111* US’s Gen Am Tank... 97% 95% 97* 110* N Y Airbrake.. 44* 43* 44* 44 Pressed Stl Car.. 17* 17* 17* 17* Pullman 83% 83% 83% 85* Westingh Airb.. 53 52* 52* 54* Westingh Elec ..228* 225 225 233* Am Roll" Mills. .122% 121 Vi 122 125 Bethlehem 120* 118% 119* 123* Colorado Fuel.. 65* 64* 65* 68% Crulcble 108 Vi 107 107* 110 Gulf States Stl 70 69* 69* 7s_ Inland Steel 92 92 92 94* Otis ... 44% 43* 44% 4b% Rep Iron & 5t1..107* 105% 106% 109* Houston Oil .... 70 70 70 73* Indp Oil & Gas 29* 29* 29% 30* Conti Oil 29* 28% 29 29* Mid-Conti Petrol 31* 31% 31% 31* Lago Oil At Tr.. 30 30 30 ... Pan-Am Pet (B) 57% 56* 57* 59* Phillips Petrol... 35* 35% 35% 35% Prairie Oil .... 50* 50Vi 50% 51% Union of Cal 46* 46% 46* 46% Prairie Pipe .... 60 60 60 60 Pure Oil 29* 29* 29* 25* Royal Dutch 51 Vs Richfield 39* 39% 39* 39% Shell 25 Vi 25 25 26 Simms Petrol .. 33 32% 33 34* Sinclair Oil 32* 31% 32% 33* Skellv OH 39Vs 38* 39% 39% Std Oil Cal 71% 69* 70* 71 Std Oil N J 56* 56Vi 56* 57 Std Oil N Y 38* 38 38 38% Tidewater 18% 18 18 18* Texas Corp .... 60 * 60 * 60 % 60* Texas C & 0.... 15* 15% 15% 16% Transcontl .... 12% 12* 12* 11% Industrials— Adv Rumely 32% Allied Chemical 305 303 305 313 A M Byers 123 120* 123 125 Armour A ...... 10* 10% 10* 10% Amer Can 162* 159* 160% 167 Am Rolling Mill. 122* 121 Vi 122 125 Borg Warner ..113V* 112* 113* ... Alleghanev Corp 48% 47 48V* 50* Am Safety Raz.. 64% 64% 64% 66 Amer Ice 50 Vi 49* 50 % 52 Am Woolen 18 Vi 18% 18 V* 18 Vi Assd Dry Goods 47* 46* 46% 48 Vi Bon Alum 118 117* 118 120 Coco Cola 144% 144* 144% 145 Conti Can 74* 74 74V* 76% Certainteed .... 30* 28* 30 30 Crcsley 80% 87* 88 90 Congoleum .... 22% 21* 22% 24 Vi Curtiss 151* 151* 151 Vi 153 1 /* Davidson Chem 46% 45% 46% 49 Dupont 189 188% 189 193 Famous Players 65* 64% 65* 66% Gen Asphalt .. 86* 85% 86 89* Fox CA) 85% 85Vi 85% 87% Gold Dust 61% 57 59% 62* Glidden 58 57* 57% 59* Int Harvester .119 114* 117% 122% Kelvniator 15* 15 15 15% Lambert 139 138 138 140% Link Belt 49 Vi Loews 56% 55% 56 Vi 59* Mav Stores .... 81% 80Vs 81% 82% Kolste • 30Va 28% 30% 32% Mor.tgom Ward 111 108* 109 Vi 114% Natl C R 122 Vi 120 121 125% Radio Keith .. 37* 34* 35% 37% Owens Bottle 77% 77* 77* ... Radio Corp .... 82 80* 81 48 Real Silk 75% 75 75% 77 Rem Rand 44* 42V* 44 46% Sears Roebuck 156% 154% 156 159 Ludlumb 95% 94* 95% 98% U S Steel 217% 215% 216% 220% Alloy 51 47% 50 Vi 52* Warren Fdy.... 17% 17 17 17* Youngstwn Stl .151 150 150 152 Vanadium Corp 79 78 V s 78% 82 Motors— Am Bosch Mag. 63 59 62 66 Briggs 34 33Vi 33* 35 Brockway Mot.. 40% 40* 40* 41* Chrysler Corp.. 72 70% 71* 73* Eaton Ax'e .... 59* 58% 58* 60* Graham Paige.. 24* 23* 24* 25% Borg Warner ..113% 112* 113% 117* Gabriel Snbbrs.. 21% 21 21 General Motors 70% 67 69% 71% Elec Stor Bat. 84 83* 84 85* Hudson 82* 81* 82 84% Hayes Bod Corp 33 31 32% 35 Hupp 41% 40* 41* 43% Auburn 390 385 389 409* Mack Trucks... 97 98% 97 97% Marmon 80* 77 79 Vi 85% Reo 21 Vi 24 Vi 21% 22 Gardner 12* 13 Motor Wheel.... 49* 46 49% 50* Nash 85*i 85% 85* 88% Packard New ...137* 130% 134% 20% Peerless 12* 12% 12* 13* Pierce Arrow... 32 31 % 32 32* Studebaker Cor 74* 73* 73* 77* Stew Warner... 65V, 64% 60* 6> Timken Bear... 98 97 97* 100* Willys-Overland. 23% 23 23* 36;n Yellow Trk 36% 35% 36 38* White Motor 39* 39% 39* 40% Minin? — Am Smelt At Rfg 114 112* 113* 117* Am Metals .... 70% 69* 20* <2* Am Zinc 25 24 24 267* Anaconda Cop ..117’i 114 116 121% Calumet & Ariz.l3o 128% 128% 131 V, Calumet & Hecla 43% 41* 43* 45* Cerro de Pasco. 96* 96* 96% 99

(By Thomson & McKinnon

Dome Mines.... 11 Granby Corp... 78% 75 78 81* Greene Can Cop 175 172 175 180% Gt Nor Ore 29 28% 29 29% Inspiration Cop 44% 42% 43% 45% Howe Sound 65% Int Nickel 49% 48* 49% 5144 Kennecott Cop.. 87% 85% 85% 89 Magma C0p.... 66* 66% 66% ... Miami Copper.. 42 41% 42 44* Nev Cons 45% 44 45 47% Texas Gul Sul.. 71* 70* 70% 71* St Joe 67* 66 66 69 Va U S Smelt 54 53* 54 Oils— Am Ref Corp... 25* 25 25* 26 Atlantic Rfg.... 62% 68% 62% 64* Barnsdall (A).. 33% 33% 33* 33% Freport-Texas... 43 * 42 43 42 Union Carbide ..113% 12* 112% 117 Warner Bros .. 56% 54% 56% 59* Un Air Craft.... 131 128* 128* 135 Univ Pipe 27* 26* 27 28 U S Indus A1c0.178 175% 175% 182% Worthington Pu 76* 75* 75* 79 Woolworth Cos.. 87% 86Vi 87* 88% Wright Aero ...120 118 118* 122% Utilities— Am Tel At Te1..275 266 272* 281 Am Pr At Lt 140 137 140 147* Am For P0wer..134% 129 132% 141% Am Wat Wks.. .136* 133 134* 142* Brklyn Manh T. .. ... 58% 59* Col G& E 89% 39 89* 93 Va Consol Gas 156% 155* 156* 161% Elec Pow At Lt.. 77 74 74 79% Int T At T 112 110 111 115 Vi Nor Am Cos 169% 166 166* 174% Pacific Light ..116 114 115% 120* Pub Serv N J... 111% 110 110% 115* So Cal Edison .. 73* 71 72% 76 Std Gas At E1...131* 128% 130% 137* United Corp ... 65* 64* 64% 68 Utilities Power.. 51% 51 51* 54 United GAt Imp 53* 51% 53% 55* West Union Tel 208 207* 207 * 212 Shipping— Am Inti Corp... 72 71 71% 75 Am Ship At Com 3% Atl Gulf As WI 63 62* 62* 64* Inti Mer M pfd 26% 26% United Fruit 115% 117% Foods— Am Sug Rfg 80* 81 Beechnut Pkg 83 88% California Pkg.. 75* 75% 75% 76 Canada Dry.... 88'* 86* 86* 88% Corn Products.. 96% 86* 96V, 97* Cont Bak (A).. 79 78% 79 80% Cuba Cane Sug.. .. ... 5% 5% Cuban Am .. ... 13% 13% Fleischmann Cos. 90 88V 2 88* 91% Grand Union ... 25% 25V* 25% 26* Grand Union pfd .. ... 47% 47% Jewel Tea 71% 71 71 Vi ... Kraft Cheese 50 52* Kroger 84 82% 83% 86* Loose Wiles .... 64 63* 64 65 Natl Biscuit 201 198 Vi 200 208 Natl Dairy 77% 76* 77 79% Purity Bak 45* 44% 44* 137 Postum Cos 69% 69% 69% 70% Royal B Powder 35% 35* 35* 36% Ward Baking B .. ... 10% U* Tobacccs— Am Sumatra.... 38 37* 38 41* Am Tob (IB) ...184% 182% 182% 188% Con Cigars 64 Vi 67 General Cigar.. .. ... 69 70 Lig & Myers ... 87 89 Lorlllard 24% 24 24 24% R J Reynolds 53% 55 Tob Prod (B).. 13 12’* 12% 13Vi United Cigar St 13* 14 Schulte Ret Strs 19% 19% 19% 20*

On Commission Row

FRUITS Apples—Choice. [email protected]; new Transparent Icy, $3.50@4; harvest, $2.50®3; Woll Run. $3.50; Red June, s3@s; Wealthy. $3. ’Apricots—S2.7s@3. Cherries—California, $4. Grapes—California, seedless, $3.50 a crate; Malagas, $4 a crate. Lemons—California, a crate, $12.50® 13. Limes—Jamaica, 100 by count, $3. Orange—California. Valencia, $3.75® 8. Peaches—Hiley Belles, per bu., $3; Elberta peaches. [email protected]. Plums—s2.7s. Raspberries—Michigan, black, $3; red, $3.50@4. VEGETABLES Asparagus—Home-grown, 65c@$l a doz. bunches. Beans—Green, stringless, $1.75@2. Beets —Home-grown, doz., 40c. Carrots—Home-grown, doz., 50c. Cabbage—s3 a barrel. Cantaloupes—Jumbo. s3® 3.50; pony crate. 53®3.50; flats. [email protected]. Cauliflower—Home-grown, bu.. $2; Washington. crate. $3.75. Corn—Homegrown, 25c dozen. Celery—California, per crate, $4.25, a doz., 60c. Cucumbers —Hothouse, per dozen. $1.25. Eggplant—sl.so@2 a dozen; [email protected] a hamper. . . Kale —Spring, a bushel. sl. Lettuce—California Iceberg, $7.50 a crate; home-grown, leaf, a bushel, 85c. Mustard—Per bushel, sl. Onions—Washingtons, $3.50®3.75 a bag. Parsley—Home-grown, dozen bunches, 45c. Peas—Home-grown. $4 a hamper. Peppers—Home grown, $2 a bu. Potatoes—Virginia Cobblers, $6 a barrel. Kentucky Cobblers 150-lb. bag, $5.75; Minnesota, $3.50 a bushel; early Ohlos, $3.75 a Ralishes—Button hothouse, dozen. 50o; Southern long red. 15@25c dozen. Rhubarb—3o@3sc dozen. Sweet potatoes—Alabama, sl.is@2 a hamper. ... Tomatoes—Home-grown hothouse, 10-lb. basket, $1.25; home grown, 60c a bushel, 15 lb. basket. $1.25(3:1.50. Watermelons —Florida, 75@85c each.

Local Wagon Wheat

Citv grain elevators are paying $1.16 for No. 2 red wheat and sl.ll for No. 2 hard wheat. CATHOLIC LEADER DIES Bu United Press DENVER, Aug. 9.—John K. Mullen. 83, multi-millionaire Denver miller and philanthropist, died here today after an illness of three weeks. A prominent worker in the Catholic church, he twice was knighted by the pope, first as a knight of the Order of St. Gregory and later as a Knight of the Order of Malta. Friends said his total gifts to charity and the church amounted to several million dollars.

THE INDIANAPOLIS TIMES

PORK MARKET STEADY, WITH HIGHERTREND Cattle Scarce, With Prices Quotably Strong; Veals Even. Aug Bulk. Top. Receipts. 2. $11.5045,12.25 $12.25 6,000 3. 11.25ai1.90 12.00 5,000 5. 11.30$ 12.00 12.00 4.000 6. 11.30® 12.00 12.10 6.500 7. 11.30512.00 12.10 7.000 8 11.15(311.85 11.95 7,500 9. 11.25©12.00 12.10 6.560 Hogs were irregular at the Union Stockyards today, with the market steady to 25 cents higher, mostly 15 to 25 cents up. The bulk, 140-260 pounds, brought $11.25 to sl2. Receipts were 6,500 and holdovers from Thursday’s market were 603. Cattle were scarce and quotably steady, with vealers steady at $15.50 down. The sheep market opened up 50 cents or more. Better giade lambs sold at sl3 to $14.50. Throw-outs, brought $9.50 to sl2 and fat ewes, $4.50 to $6.50. Sales in the Chicago hog market were 10 cents lower than Thursday’s average. The price paid for 160-210-pound weights was $11.75 to $12.05. Receipts were 15,000, including 4,000 directs, and holdovers totaled 7,000. Cattle receipts were 2,000 and sheep receipts were 7,000. Hog prices today were as follows: 250-350 pounds. $10.45 to $11.40; 200250 pounds, $11.85 to sl2; 160-200 pounds, sl2 to $12.10; 130-160 pounds, $11.75 to sl2; 90-130 pounds, sll to $11.50, and packing sows, $0 50 to $9.50. Cattle receipts were 500, and calf receipts were 600. Beef steers sold at $12.50 to $16.35; beef cows, $8 to $10: low cutter and cutter cows, $5.50 to $7.50; vealers, $14.50 to $15.50; heavy calves, $7 to $12.50, and bulk stock and feder steers, $8.50 to $11.90. Sheep receipts were 1,600; top fat lambs, $14.50; bulk fat lambs, sl3 to $14.50; bulk cull lambs, $8.50 to $10.50, and bulk fat ewes, $4.50 to $6.50. —Hogs— Receipts, 6,500; market, irregular. 250-350 lbs $10.45(311.40 200-250 lbs 11.85(3:12.00 160-200 lbs 12.00(312.10 130-160 lbs 11.75(3:12.00 90-130 lbs 11.00(3.11.50 Packing sows 8.50@ 9.50 -CattleReceipts. 500; market, steady. Beef steers $12.50©W.33 Beef cows [email protected] Low cutter and cutter cows.. 5.50(3! 7.50 Bulk stock and feeder steers.. [email protected] —Calves— Receipts, 600; market, steady. Best veals $14.50@ 15.50 Heavy calves 7.00® 12.50 —Sheep— Receipts, 1,600; market, up 50c. Top fat lambs $14.50 Bulk fat lambs 13.09®14.50 Bulk cull lambs 8.50® 10.50 Bulk fat ewes . 4.50@ 6.50 Other Livestock P.v Times Special LOUISVILLE. Ky„ Aug. 9.—Hogs—Receipts. 800; market 15c higher: mediums and lights, 130-225 lbs., $10.85(3)11.85; extreme heavies, 225 lbs. up, $11.25; pigs, 130 lbs. down. $7.75@9; stags 'and throwouts, $8.25(3:8.85. Cattle—Receipts. 100; market steady; prime heavy steers. [email protected]; heavy shipping steers, $10.50@12; medium and plain steres. s9® 10.50; fat heifers, $8 @l2; good to choice cows, $7.50@9; medium ta good cows, $6.50@7; cutters. s6@ 6.50; rapners, [email protected]; bulls, [email protected]; feeders, [email protected]; Stockers, [email protected]. Calves—Receipts, 200; market steady; fancy calves, $13.50; good to cnoice, sl2® 13; medium to good, $10@12: outs. $lO down. Sheep—Receipts, 1.000; market steady; ewes and wethers. sl3; buck lambs, sl2; seconds $8; sheep. $4.50(35.50. Thursday's shipments: Cattle, 30; calves, 93; hogs, 142; sheep, 1,670. By United Press FT. WAYNE. Ind., Aug. 9.—Cattle—Receipts, 125; calves, receipts 100; hogs, receipts 450: sheep receipts, 300: market 15c higher; 90-120 lbs.. $11.15; 120-150 lbs., $11.40; 150-160 lbs., $11.55; 160-180 lbs., $11.90; 180-200 lbs., $11.80; 200-210 lbs., $1.65: 210-220 lbs., $11.55; 220-230 lbs., $11.40; 230-240 lbs., $11.25; 240-250 lbs., $11.15; 250-275 lbs., $10.90; 275-300 lbs., $10.65; 300-350 lbs., $10.50; roughs, $9; stags, $7; calves, sl6; lambs, $12.50. Bu United Press CHICAGO. Aug. 9.—Hogs—Receipts. 16,000 including 4.000 directs; early trade mostly to shippers, yard traders and killers around steady, but uneven, top $12.10. bulk desirable 160-210 lbs.. $11.75(312.05; butchers, medium to choice, 250-350 lbs.. $10.40(311.35; 200-250 lbs.. $11(312; 160-200 lbs., $11.35(3.13.10; 130-160 lbs., $10.80@12; packing sows, s9® 10: pigs, medium to choice. 90-130 lbs., $10.50(311.50. CattleReceipts, 2,000; calves, 1.000; large share of run direct to packers, lower grades predominately slow, steedy and best steers bringing, $15.35; slaughter classes, steers, good and choice. 1300-1500 lbs., $14(317; 1100-1300 lbs.. $14@17; 950-1100 lbs.. $13.75 @16.90; common and medium, 850 lbs. up, [email protected]; fed yearlings, good and choice, 750-950 lbs., [email protected]; heifers, good and choice, 950 lbs. down, $13.25@15; common and medium. $7.75(313.25; cows, good and choice. $9©12.25; common and medium, $7.25@9; low cutter and cutter, $5.75(37.25- bulls, good and choice, beef, [email protected]: cutter to medium, $7®9.75; vealers. milk fed. good and choice, sl4® 16.25; medium. sl2® 14; cull and common, $8(312; Stocker and feeder steers, good and choice, all weights, $11.25@13: common and medium. [email protected]. Sheep—Receipts, 7,000; active, steady to strong; natives. $13.50®13.75; top. $14.10; rangers, $13.25® 13.75; fat ewes, $5®;6.50; feeding lambs, quotable steady; lambs, good and choice, 92 lbs. down. [email protected]; medium. [email protected]: cull and common, $8.25 @11.50: ewes, medium to choice, 150 lbs. down. $4.75®6.75; cull and common, $2.50 @5: feeder lambs, good and choice, $12.50 ©13.75. Bn United Press EAST BUFFALp. N. Y.. Aug. 9.—Hogs— Receipts, 2.300: holdovers, 800; market, weights below 210 lbs., steady; others very slow, pending lower; 250-350 lbs., $10.75® 11.75; 200-250 lbs., $11.50© 12.60; 160-200 lbs.. $12.25312.65; 130-160 lbs.. $12.25® 12.65; 90-136 lbs., $ 12.25® 12.60; packing sows, $9.50@10. Cattle—Receipts, 250; market. steady; calves, receipts, 700; market, active and steady: beef steers, $13.50® 15.25; light yearling steers and heifers, $14.50® 16.25: beef cows, S9@lo: low cutter and cutter cows. [email protected]; vealers, $16.50®17.50. Sheep—Receipts, 400; market. lambs 25c higher: demand rather narrow; bulk fat lambs, [email protected]; bulg cull lambs. $9.75® 11: bulk fat ewes, $6.25 @7.25. B'( United Press CLEVELAND. Aug. 9.—Hogs—Receipts, 1.000; holdovers. 575; market, slow, uneven, steady. 10c lower: 250-350 lbs., $10.65 @11.85; 200-250 lbs.. [email protected]; 160-200 lbs.. $12.10312.40; 160-200 lbs., $12.10® 12.50; 130-160 lbs., $ 12.10® 12.40; 90-130 lbs.. $12,103.12.40; packing sows. $9.25® 9.75. Cattle—Receipts, 150; calves. 200; market, steady; beef steers. $9.25® 12.75; beef cows, sß®9: low cutter and ct-tter cows. s6@7: vealers, sls® 18.50. Sheep— Receipts. 400; market, lambs strong to mostly 25c higher; sheep, steads - ; bulk fat lambs, $13.75@14; bulk fat ewes, [email protected]. B’l T'nited Press PITTSBURGH, Aug. 9.—Hogs—Receipts, 1.050; market, mostly steadv: 250-350 lbs. *11(311.75: 200-250 lbs . $11.25312.50; 160200 lbs.. $12.35312.50: 130-160 lbs., $11,753 12:50: 90-130 lbs.. *11.50® 12; packing SOWS, *9.253 9.i5. Cattle—Receipts, none: calves 50: $1 higher: beef steers. *11315: light yearlings steers and heifers. $10.503 14beef cows. *7.50®10; low cutter and cutter cows. *5.5037; vealers. sls® 18; heavy calves. sll ® IS. Sheep—Receipts, 200; 50c higher; top fat lambs. *14.25; bulk fat lambs. $12@14; bulk cull lambs, SB3IO- - ewes, *[email protected]: bulk yearlings, s9©ll’, , _Aug. 9.—Hogs—Receipts. ?-n 00 iv hol< l < JA$? s i63; marl£et uneven; 25012.15: 160-200 lbs.. *11.50312.45' 130-160 16* . $11.50612; 90-130 lbs., $10.5001175 packing sows $8.503 9.25. Cattle Receipts. 300: calves 225; market steadyveals strong; beef steers. *10315; light yearling steers and heifers. $9.50314 50: beef cows. *7.7539.50: low cutter and cutter cows. *57507.25: vealers. *133 16: bu stock and feeder steers. *93 11. sheep —Receipts. 2.500: market stead'-; top fat lamb*, 514; bulk fit lambs. $13.25314; *3 sko5 k 0 CuU lambs- * 9 ''tl°: bulk fat ewes. TOLEDO Aug. 9.—Hoes—Receipts, 200; market 10 320 c lower; heavies, *10.253 „ mediums. *11.25311.75; Yorkers *11.75012.10; pigs, $11.50012. Cattle Receipts, 125; market steady. Calves Receipts, light; market steady. Sheep aad lambs—Receipts, light; market steady.

WHEAT PRICES OFF AS SALES EFFORTS GROW Corn and Oats Futures Dip Fractionally; Cash Grain Slow. Bu United Press CHICAGO, Aug. 9.—Wheat prices dropped off sightly again this morning as pressure of selling continued. Corn fell off in sympathy with wheat and there was little demand early. Oats dipped fractionally with wheat and corn. "Wheat opened off '/% to l!i cents; corn was down % to U cent, and oats was off 14 to % cent. A marked reduction in cash wheat movement to terminal markets was come about in the last few days and other cities report a cleaning up of the cash grain on their tracks. This letup was brought about by a stronger price in cash wheat and the basis was seen about 2 cents higher in the last two days. Corn futures have been tight during the last few days and with no material pressure on any month. Movement of cash grain continues light.. Rains received over the northwest have aided the crop a great deal, but the southwest still suffers from want of moisture. The oats markets has changed little and although there was a fall off, probably due to the action of other grains, yesterday the trade continued with a fairly strong undertone. Chicago Grain Table —Aug. 9 WHEAT— Prev. High. Low. 12:00 close. September .. 1.35* 1.33* 1.34% 1.34% December .. 1.42* 1.41% 1.42* 1.43 March 1.48 1.46* 1.46% 1.47% CORN— September .. 1.04 1.02% 1.04 1.02* December ... .97% .95% .96* .96% March I.oo* .98* .99% .99% OATS— September .. .49 .48* .48* .48* December ... .53* .52* .52% .52% March 58* .55 .58* .55% v RYE— September .. I.oß* 1.07% 1.07% 1.09% October 1.16* 1.15* 1.15* 1.15* December ... 1.20* 1.19% 1.19% 1.19 LARD— December .. 12.12 11.97 11.97 12.07 January 12.37 12.37 12.37 12.45 September .. 11.90 11.75 11.75 11.85 October 12.02 11.90 11.90 11.97 B.if Times Special CHICAGO, Aug. 9.—Carlots: Wheat, 337; corn, 128; oats, 184; rye, 4, and barley, 51. Bu United Press TOLEDO, 0.. Aug. 9.—Cash grain close: Wheat —No. 2 red. sl.32*® 1.33*. Corn — No. 2 yellow, sl.oß*® 1.09*. Rye—No. 2, $1.12. Oats —No. 2 white, 53@54c. Barley —No. 2,68 c. Clover—Domestic, old, sls; October. $14.25; December, $14.50; imported old, $12.50. Timothy—Old, $2.56; December, $2.40. Alsike—New, $11; October. $11.05; December. $11.25. Butter—44@4Bc. Eggs—3l@33c. Hay—sl.2s cwt.

Produce Markets

Butter (wholesale) —No. 1, 45@46c' No. 2, 33® 45c. Butterfat—43c. Cheese (wholesale sehng price per pound)—American loaf, 35c; pimento loaf, 40c; Wisconsin firsts, 25c; prime cream, 37c: Daisy, 25c; Longhorn, 26c; New York limberger. 30c. Eggs—Buying prices: Fresh delivered at Indianapolis, loss off, strictly fresh No. 1, 32c; No 2 24c. Poultry '(buying prices)—Colored broilers, under 1* lbs., 24c; 1* to 3 lbs., 26c; 3 lbs. or over, 28c; hens, 26c; Leghorn hens, 21c; old cocks, 15c; fowls, 25c; ducks, 16® 17c; spring guineas, 30c; turkeys. No. 1 young toms, 35c; No. 1 old toms, 22® 23c; No. 2 old hens, 25@30c. NEW YORK. Aug. 9—Flour—Quiet and firm; spring patents, [email protected]. Pork— Quiet. Mess—s 32. Lard—Easy; middle west spot, [email protected]. Tallow —Firm; special to extra 7*@Bc. Potatoes—Steady; moderately, active; Long Island, [email protected]; Jersey, [email protected]; southern, [email protected] barrel. Sweet Potatoes—Steady: southern basket, $1.50@3; southern barrel, [email protected]; Dressed Poultry—Quiet and easy; turkeys, 25®46c; chickens, 27@45c; fowls, 20@34c; ducks, 18@23c: ducks, Long Island, 22® 25c. Live Poultry—Steady to firm; geese, 13@16c; ducks, 16@24c; fowls, 25@32c; turkeys, 20®35c: roosters, 21 ®22c; broilers, 28©35c. Cheese—Steady to firm; state whole milk; fancy to special, 27*@29*c; Young America, 23@28c. Bu United Press CHICAGO, Aug. 9.—Eggs—Market, firm; receipts, 7,003 cases; extra firsts, 32*®33c; firsts, 31*@32c; ordinaries. 29@31c; seconds, 29@30*c. Butter—Market, steady; receipts 12,923 tubs; extras. 43c; extra firsts. 41@42c; firsts, 39*@40c; seconds, 37@30*c: standard. 40*c. Poultry— Market, weak; receipts, 5 cats; fowls, 27c; springers, 27c; Leghorns, 25c; ducks, 18@ 20c; geese (spring). 22c; turkeys, 20®32c; roosters, 21c; broilers, 25c. Cheese— Twins, 21*@21%c: Young Americas. 23c. Potatoes—On track 241; arrivals. 80; in transit, 257; market weak, trading slow, lower; Kansas and Missouri sacked Irish cobblers. $2.25® 2.50: Minnesota sacked early Ohios, Nebraska sacked Irish cobblers mostiv $2.50; a few fancy cars a shade higher. Bu United Press CLEVELAND, Aug. B.—Butter—Extras, IT^ySi,, extra flrsta - 42*@43*c; aeconas, 41*@42*c. Eggs—Firsts. 32c; ordinaries, 29c. Poultry—Fowls, 30@31c; broilers, 28®) 32c; Leghorn, 25c; Leghorn broilers. 25c; spring ducks, 20@22c; old cocks. 18®20c.

Births Girls . Eugene and Ruth Downey, 2329 South Pennsylvania. Nelson and Letha Kelso, 3253 North Arsenal. Floyd and Grace Schultz, 3716 Northwestern. Arlie and Daisy Bannister, 1441 Herschel. Boy* Stuart and Thelma Reed. 2210 Kenwood. EHie and Lucile Mays, 805 Spruce. Marvin and Francis Jones. 2715 North La Salle. Arthur and Esther Mendel. 1054 West Thirty-fourth. Deaths Louise E. Wuencch. 68, 406 East Fifteenth, cerebral edema. Catherine Fay Richardson, 8 mo„ 3141 North Gale, colitis. George Lowe. 76. 222 West New York, arterio sclerosis. Margaret Amelia Barnhart. 2, 253 Minkner, gastro enteritis. Charlotte Mavie Bott, 61, Methodist hospital. diabetes mellitus. Robert B. Anderson, 59. 706 North West, hemiplegia. Ladeen Echols, 1 mo„ 1335 Massachusetts, gastro enteritis. Goldie King, 24. Central Indiana hospital, pulmonarv tuberculosis. Rosa Lee Holland, 23, city hospital, acute encephalitis. Julia Thomas, 54, 1243 McDougal, broncho pneumonia. Frank McKinnis, 73, 611 East Sixteenth, chronic cystitis. James Long, 27. city hospital, sarcoma. Fannie Jar.e Clinge’npeel. 59, 4210 Carrollton. apoplexy. Marriage Licenses Rav M. Lamphier, 44. of Albion, Mich., clerk, and Minnie Rendall, 49, of R. R. No. 1, housekeeper. Harry Chambers. 25. of 419 East Fifteenth, state agent, and Mildred Cain, 23. of 242 East Twelfth, secretary. Eugene C. Rutz. 20. of 3 North Temple, watchman, and Eva M. Eckert. 20. of 353 Wlnthrop. stenographer. Jesse G. Aldridge. 24. of 422 Harlan, clerk, and helen M. Schaefer. 26. of 848 Woodlawn, clerk. ... ~ John W. Etter. 30. of 2010 North Meridian. butcher, and Viola E. Clark, 34. of 1443 North Meridian.

Average Stock Prices

Average of twenty industrials Thursday was 352.10, up 3.66. Average of twenty rails was 174.41. up 1.26. Average of forty bonds was 93.72. ofl A±

INCREASE IS NOTED IN NEW CAR SALES

Business —and— Finance

NEW YORK. Aug. 9.-United States Steel Corporation experts are understood to have arrived on the Pacific coast to go over the property of the Columbia Steel Corporation, which is expected -o be consolidated with the former company. Conferences are believed to have taken place between the two concerns but no announcement of the consolidation is expected until the experts have a chance to study Columbia's properties, which vnl take several weeks It is expected that if the crproation decides to take over Columbia, the proposition will be submitted to the department of justice to determine whether the merger can be effected without conflict with the Sherman anti-trust law. Executive offices of the MissouriKansas Pipe Line Company, will be moved from Kansas City, Mo., to Chicago, Aug. 15, Frank P. Parish, president, said today. The company has taken a two-year lease on office space in the building at 10 South LaSalle street in order to facilitate the financial section of its rapidly growing business. W. T. Stevenson, secretary and treasurer of Missouri-Kansas. will be in charge of the Chicago office. Twelve of fifteen employes will be brought from the Kansas City office to begin operations here. The operating end of the company will remain in Kansas City, with B. R. Bay, vice-president and general manager, in charge.

Although industrial building has been at high levels this year, the cost of anew factory structure is 6 per cent below the average for the last 10 years, according to a survey of building costs throughout the country just made by the Austin Company, engineers and builders. The cost of industrial construction is now 40 per cent under the peak reached in 1920 and it is at the lowest point since late in 1922. The computation is based on a standard building 100 by 200 feet, and it includes prices of material and wages of labor. Underlying conditions indicate a decline this month in the rate of interest on prime four to six months commercial paper to 4.6 per cent, according to the monthly forecast of the Karsten Statistical Laboratory of New Haven. This forecast relates only to fundamental business conditions, as stated by Karl G. Karsten, vice-president of the laboratory. ‘‘The downward tendency in the commercial paper rate,” Mr. Karsten said tonight, “may, of course, be modified by the reiterated ‘tight money’ policy of the Federal Reserve board.” A voting trust will be formed to hold the common stock of tne new company which is to acquire the assets of Cuba Cane Sugar Corporation under the pending plan for reorganization of the corporation, it was said today by the reorganization committee. Voting trustees will be George W. Davison, president of Central Hanover Bank and Trust Company; Irenee du Pont, of E. I. du Pont de Nemours & Cos.; Charles Hayden, of Hayden, Stone & Cos.; George E. Roosevelt, of Rosevelt & Son, and Frederick Strauss of J. & W. Seligman & Cos. The appointments have been approved bv the committees representing the three classes of present security holders. The Petroleum Corporation of America, today issued its first financial statement showing net cash income of $1,384,163 for the period from the date of its organization Jan. 21, to June 30. These earnings, derived from dividends and interest, do not include appreciation of $2,161,885 on the corporation's holdings. Through experimental work on its million dollar proving ground, Studebaker corporation reduced replacement costs to $7.49 per car in operation in 1928 compared to $15.72 per car in- 1921. Results obtained in tests on new models this year indicate that the replacement cost per car will be cut to a still lower figure, according to report issued by company engineers. Through the acquisition of the Skinner Company, Ltd., of Gananoque. Ont.. the Houdaille-Hershey Corporation has fortified its position in foreign markets, particularly Canada, it was stated today by Claire L. Barnes, president of Houdaille-Hershey in announcing details of the acquisition. The Skinner Company is the largest producer of bumpers in Canada and for the past several years has produced more bumpers annually than all of the other Canadian bumper makers combined. Net earnings of the Square D Company for the three months ended June 30, 1929. including equity of the company in undistributed earnings of its Canadian branch on the basis of its present holdings in the latter amounted to $158,342, according to T. J. Kauffman, president of the company. For the first three months of 1929 the company reported net earnings of $109,830. Net earnings for second quarter, which are after allowing for interest, depreciation, federal taxes, equal $1.74 a share on the Class "A’’ stock and $2 38 a share on the “B” stock, as compared with $1.20 and $1.31 respectively in the first quarter. Sales of McLellan Stores Company for July 1929, totaled $1,728,375 against $1,278,220 for July. 1928. an increase of $450,155 or 35.2 per cent. Sales for the first seven months of the year totaled $10,731,542 compared With $1,574,362 for the same period last year, an increase of $3,157,180 or 41.7 per cent. Pines Winterfront Company has declared a dividend of 2 per cent in stock in addition to the regular quarterly dividend of 25 cents on the common stock. Both dividends will be paid Sept. 3 to stockholders of record August 17. Similar dividends were paid by the company the previous quarter. BETTER BUSINESS BUREAU WARNING Boom at Las Ye§an Is Uncertain Quantity, Says Report. Property of extremely uncertain present and future value in Las Vegas, Nevada, is being offered to buyers in all sections of the country at exorbitant prices as sound real estate investments by promoters, according to a bulletin recently made public by the National Better Business Bureau, Inc., New York. This boom condition, the bulletin points out, comes as a result of the passage of the Boulder dam act. Las Vegas is situated thirty miles from the site of the proposed dam and is the town nearest the dam site. It will undoubtedly enjoy a certain amount of prosperity during the estimated seven years that the dam is in the process of construction. That this prosperity will be permanent is, according to the bulletin. decidedly problematical.

Manufacturers Expect Best Fall Buying in History. BY J. PETERSOX United Press Staff Correspondent DETROIT. Mich., Aug. B.—New car sales slightly increased, but used car business again dropped off last week while manufacturers proceeded steadily with hopes of the greatest fall buying season in their history. Chevrolet made its millionth six cyclinder car last week and will build approximately another 350,000 units before the end of the year. Edsel B. Ford, president of the Ford Motor Company, announced today a general reduction in the price of the Lincoln automobile. The reduction ranges as high as $650. In discussing the price cut Ford explained that this is the first instance in which the Ford Motor Company has been able to lower the cost, of the Lincoln automobile to the public, all previous price changes having been upward. Packard last week cut $290 off all present models in anticipation of their new fall designs which will be slightly higher than the prices before the reduction. “Business volume is continuing at high seasonal levels in virtually every part of the country,” Lawrence P. Fisher, president of the Cadillac Motor Company, announced, “and the slight normal decline during the summer season will be more than made up when fall buying begins.” It is indicated six-cylinder car production due to Chevrolet, will lead the fours in 1929, for the first time. Detroit and Philadelphia were to see first displays today of three new Chrysler models, the 66, 70 and 77. By next week, they will be generally shown. CURB INVESTIGATION Pool Operations Intimated in Marconi. Bu United Press NEW YORK, Aug. 9.—An investigation has been instigated by the New York Curb Exchange into transactions by its members in American shares of Marconi International Marine Communications Company, Ltd. Pool operations, which have been intimated during the past few weeks, have made the shares the most active on the exchange. The stock closed Thursday at $36.50. British shares in the company, exchangeable for American shares, are selling in London around sls. The investigation caused on “unloading” among the stockholders on Thursday. Buying was reported to have increased. The curb has addressed a questionnaire to all its members asking for prices, names of customers and other data on all transactions in this stock.

The City in Brief

SATURDAY EVENTS Beta Thota' Pi, luncheon, Board of TradeSigma Alpha Epsilon, luncheon, Chamber of Commerce. Member of the Captain William E. English post, No. 84, will meet at the Board of Trade building tonight at 8. The organization’s new charter will be displayed. Former residents of Dearborn county will hold a picnic at Brookside park Sunday. A basket dinner will be served at noon, followed by a program. The principal address will be made by the Rev. John R. Hinman. Annual picnic of members of the Harold C. Megrew camp No. 1, United Spanish War veterans will be held at Brookside park Sunday afternoon.

Indianapolis Stocks

—Aug. 8 — Bid. Ask. American Central L Ins C0....800 Belt R R & Yds Cos com 64 67* Belt R R <fc Yds Cos pfd 60 Belt RR & Yds Cos pfd 108* ... Bobb’s Merrill 33* 35 C,ntral Ind Power Cos pfd.. 93 97 Circle Theater i.-lOS 1 ... Bities Serv Cos com 45* ... lties Serv Cos pfd 96* ... Citizens Gas Vo com 33 Citizens Gas Cos pfd 97* ... Commonwealth L Cos pfd 100 Equitable Sec Cos com 45 Hook Drug Cos com 43 Horuff Shoe Corp com 15 17 Ind Hotel Cos Claypool c0m.... 125 Ind Hotel Cos pfd 100 Ind Serv Corp pfd 84 Indpls Gas Cos com 62* ... Indpls & Northwtn Tr Cos pfd. 9 Indpls P & L pfd 102 104 Indpls Pu Wei L Avm com... 51 Indpls St R R Cos pfd 24 27* Indpls Wa Cos pfd 99* 101 Inter Pub Ser pr 11 pfd 101 105 Inter Pub Serv 6s 90* .93 Merchants Pub Util Cos pfd... 101 102 Metro Loan Cos 98 102 Northern Ind Pub S G pfd 7s. .106 Northern Ind Pub S C pfd 6 .. 97 101* Prog Laundry Cos com 49* 52 E Rauh it Sons Fert Cos pfd... 50 Real Silk Hosier? Cos pfa 98 Standard Oil of Ind 52* ... T H Indpls & Tr Cos pfd 6 T H Trac it L Cos pfd 90 Union Title Cos com 50 V Camp Prod Cos Ist pfd 96 100 V Camp Prod Cos pfa 92 —Bonds— Bid. Ask. Belt R & S Y CO 4S 85 Broad Ripple Trac Cos 5s 60 Cent Ind Gas Cos 5s 98 Central Ind Power Cos 6s 98 Chi S B & N Ind Ry Ist 5s Citizens Gas Cos 5s 99 102 Citizens Street Railroad 55.. 69* ... Gary St Rv Ist 5s , . 79 85 Home T & lof Ft. Wayne 6s. 101* ... Indiana Hotel Cos 5s 100 Ind Northern Trac Cos 5s 4* ... Ind Railway & Light Cos 5s 95* ... Indiana Service Corp 5s Indpls Power and Light C 0.... 95 100 Indiana Union Trac Cos 5s .... 6* ... Indpls Cos! <fc Trac 5s 98 100 Indianapolis Gas Cos 5s 98 Indpls & Martinsville T Cos ss. 17 Ir.dpls No Trac Cos 5s 11 Indpls A: N W Trac Cos 5s 17 Indpls Street Ry 4s 53 54* r.dpls Trac it Terminal Cos 55.. 93* 95 Indpls U Ry 5s J 1965 A 8...100 Indpls Water Cos. s* 1953...100 Indpls Water Cos s*s 1954 .100 Indpls Water Cos Hen it ref it 92 ... Indpls Water Cos 4*a 92 95* Indpls Water Works Sec Cos.. 85 ... Indpls W’ater Cos 4*s 93 95* Interstate Public Service 4*s. 87 Interstate Public Service Cos 5s 95 No Ind Pub Service Cos 5s 97 No Ind Telegh Cos 6s 1931 97 101 T H & E Trac Cos 5s 51 •• T H Trac and Light Cos ss. 90 92 Union Trac of Ir.d Cos 6s 14 GOVERNMENT BONDS Liberty Loan Ist 3*s ... 98.96 97.16 Liberty Loan Ist 4*s 98.70 95.90 Liberty Loan 4th 4ls ®8.72 r /s Treasury 4xs inoan U S Treasury 4s 1 22"i2 iSe n* U S Treasury 3%s y 3 Treasury 3*s 98.90 97.10

PAGE 25

STOCK BREAK >; AFFECTS ALL LOCALMARTS Losses Range From Small Drops to Complete Routs. Bu T'nited Press NEW YORK. Aug. 9.—Virtually every stock exchange in the country was affected to a considerable extent today by the action of the New York federal reserve bank in increasing its rediscount rate. Prices in most of the exchanges tumbled at the opening, but rallies followed at most points later in the day. Detroit—The New York federal reserve bank's increased rediscount rate sent prices tumbling moderately at. the opening of the Detroit exchange today, although some of them made good recoveries later. St. Louis—Fractional recessions were marked up in the main body of stocks on the St. Louis stock exchange at the opening today. No serious slump was expected unless the St. Louis Federal Reserve bank raises its rediscount rate in sympathy with New York. Minneapolis—Despite the advance yesterday to 6 per cent in the New York Federal Reserve banks rediscount rate, the majority of stocks listed on the Minneapolis and St. Paul exchange opened steady to fractionally higher today. Selling orders continued at a normal pace. Pittsburgh—Most stocks on the Pittsburgh Stock Exchange sold off from 2 to 6 points at the opening today, but began to rally within an hour. Cleveland—Bulls were in complete control on the Cleveland Stock Exchange today. Losses were held to narrow limits in the few issues to decline while Apex Electric jumped 3 points and Thompson Aero moved up 4 points from initial price of 25. Most issues were unchanged. Los Angeles—lssues on the Los Angeles Stock and Curb Exchanges were in an orderly retreat at the opening today after a break yesterday when news of the higher rediscount rate reached here. Most stocks were lower and trading was heavy, but there was no confusion today as there was Thursday afternoon when $60,000,000 in paper profits was swept away. Montreal—Many of the leading issues on the Montreal stock exchange were badly hit at the opening this morning by the overnight rise to 6 per cent in the New York federal reserve bank rate. Kansas City—Trading on the Kansas City stock exchange was unaffected today by the rise of the New York rediscount rate to 6 per cent. Prices showed little change from yesterday in the early trading. San Francisco—Despite the raise in the New York federal reserve bank rediscount rate, which broke the San Francisco market Thursday, prices both on the tsock and curb exchanges showed advancing tendencies at the opening of trading today. Due to the difference in time between the coast and the east, San Francisco was able to dispose of its selling orders in the wild bear attack on the market Thursday,

STRIVE TO LESSEN STREET CAR NOISES Illinois Professor Works on Plans for Chicago Surface Lines. Bu L nited Press CHICAGO, Aug. 9.—Chicago may put cloth and metal skirts on its street cars to keep them from making so much noise. Various noise absorbents are being tested by Professor J. K. Tuthill of Illinois university, who has been employed by the surface lines to experiment with means of quieting the Chicago loop. Professor Tuthill is using radio equipment to record on charts the sound waves at different heights emanating from city streets. In addition to the sound absorbent skirt, the professor is experimenting with new trucks for the cars, designed more like the drive wheels of an automobile, with wooden blocks cn the wheels to keep them from ringing and with a special lining for the cars to reduce noises inside.

WALKER THEATRE t DAYS STARTING SUNDAY “The HOLE IN THE She Matcher Her Wits mas a ■ 1 f| Against the Woman WnLU Who Ruined Her Life. MYSTERY! SURPRISES: THRILLS! THURSDAY. FRIDAY and SATURDAY RICH ARB f£] lIX| in jy®y REDSKIfI Q. Qaiamouni Qicture ;■ * j Youth fights the Ignorance of a dying race SjQSj and the white mao’s straoge civilization! A smm ) Techni-color marsei re- j j veall n g beauty and [ f. j drama of Navajo counWORLD WIDE NEWs YITAPHONE SHORT StBJECTS Randle Young on the Orysn Monday