Indianapolis Times, Volume 45, Number 72, Indianapolis, Marion County, 3 August 1933 — Page 13

AUG. 3, 1933

Market Average mum Twenty Active Issues Listed on the .V. Y. Stock Erchnnqe.

All. Chemical Am. Smelting Am. Can Am. Telephone Am. Tota. B Atchiaon Chrysler Con. Oas N. Y. DuPont Goodyear

"v JUNt JULY >* t it 19 t* I 10 if 24 Il_ ?, —j£o—t jzrg; j I —-: :brj=r l fHit ( lL r:=t=. ®fi ' I—m -4 1 66 * ! I ~~ — m 1 — ! —I- - =t= z? - Ffli f-Tfr= —- --—nr —Hf.(ltlWi hr ~ =t± Tjtftiprr: ;• ,; U r till' d|E=±=: ——- s4= uS 1 . i Is 4[f so | — -—j— - ■■■• i55 U n 'T/i') yvc\ 1 so n™ —! ~ rri —T—j~ izpr r.— ... I s*- Hi- • ; i—- '<• n .: •' 3 D-.. r-Ml 1 li iii r

This daily record of the movements of twenty active stocks, averaged, gives a clear view of the market trend. Long pull movements and daily variations are apparent at glance.

New York Stocks ~———“ (B Abbott. Ilonpln A Cos. ————

—-An*. 1— oil*—- Frev. High, l/rw. 10 JO close Amrrxla J}® H H!i M • Barnadail , ■ * Consol Oil .. }?:♦ Coni of Del ... ••• 16*9 Houston me* . •■ , • , * Houston lolfli . 26® 26® 26'* J®. Indian Rfg • , • Mid Cont Pet 11 • ii: onio on . ■ Pet Corn .... 1® ■* J®, * i'htiun* Pft . . ii' u * l 2’* ij.- 1 Pure Oil . *’♦ ** *■* Roval Dutch J®. .sbd Oil 23 W 43 . Shell Union £ Simms Pel 9 9 * Ekellfv Oil ,7, 8 O of Cal * 5 24 b O of Kan ™ BOof N.l 35 a ® 1 Texas Corn Tide* ater Assn * * Un Oil of Cal I®** !• Mill* 21® 21 * a 31> 21s lieT h Steel . 39® 39® 39 % 39. U< af ( A vs •. . 32 32 Col Fuel £ Iron 4® 4® ’% 9 Cruc Steel 2* Gulf S’s Btee 1 Inland Steel ... ••• ?* Ludlum Steel ... ••• 14 *4 MrKeesnrrt Tin **, Nat! Steel 41 40 . Hen Iron A Steel .. . *7H 17 * V..sdfr" ■ ’■ >'. !*;. 5.5 K, * ”':*■ *, m'. |4 U S S'eel pfd ... • • i ■ 9 ® Yount town S-T ... . . 2® 26 Atchi-<>n 6d 59’ 60 ??'* At 1 t onst Line . • , RAO 29>. 28'. 29 . 28* Can Par ■ J® • **? Ch A Ohio .. 43** 43 a 43 a 43. Chi * Ot W ... . • , J * CMA St P . 9> • 9 CMA St P pfd 14’. 14's 14’. 15 Chi N W 11-Si 11 11 ll's Chi R Lvl • Dei a A Hud 2 70 Krie ■ • • 23'. cirt Northern 26 26' 111 Central 41 a K C Sou 1 a Lou .V Nash s'a 56'. M K A T 12 Mo Pat •■'* . Mo Par pfd - * * N Y Cent 43'. 43 1 43‘. 43'<l N Y Chi-S' L 25'. 25'i 25'j 25 '. N Y Chi-St L pfd ... ... 28N N Y New Haien. ... ... ... 26 N Y Ont A We. . . . . ... 10’. Norfolk A Wes ... . . 160 Nor Par 25 25’. Penn R R Kradmg . 48 45 SOU Pac . 27'. 26*. 27'. 26', Sou K K 26’. 26' 26', 26* Union Par . ... ... 117 31 -4 1 a 44 Maryland . ... ... ... 12 V

Motors — Auburn . ... ... 56 57’, Chr\ ’.rr . 33', 32', 32'. 33■ j lira Motors. 2t’ 29 5, 29 Si 30 Graham Mot ... 3'. 3‘, Hudson .. ... ... ll’a 11*. Hupp . ... ... 5* 4 S’. Mack Truck ... 35 Nash 30*. 20 Packard . ... ... s’ 5 Hru 4 4’, Stwdebaker ... 0 0 Yellow Truck s>, Motor Across— B-'iidlX ... 10 I* 1 a Bohn Alum ... . . 40 oBrt; Warner ... 15', 15’. Hr .cks 10'i 10'. Budd Wheel 3’ 4 Eaton Mfg . .. 13’. Eire AUto IJte 18' 18S 18\ 18’, Kelsev Haves W ... ... 4*. Murray Body . . B‘s Stew Warner ... 8' B'. Timken Rol 28’. 21 Minina— Alaska Jun 26’. 25'a 25' 28’. Am Smelt 34’. 34’. 34’w 34’a Anaconda ... 17*a 17* ITS 11‘* Cal A' Hrcla. . . 6* 6', Cerro De Paxo. 33’. 3l' 32 33’. Oranbv ... ... 12 Gt Nor Ore 13 ’ a Himes! ake Min. ... ... ... 242 Home Sound ... ... ' ... ... 23’. Jns Copper . <’* Int Nickel ...... ... ... 18' 18’, Is! Creek Coal .. .. 25'. Kenr.ecott Cop . 30'a 19’. 19', 20’, Noranda Cop ... 33 32’. 32’. 32’. Phelps Dodge . . 15’. 15 15’. Pitts C(jal IS’. Tobacco#— Am Sum T0b.... ... 19 Am Tobacco A . ... . . R4’s 83', Am Tobacco B 88* 88'. Hen Clear .. .. .. 38’; luge A Mvers B 93'. 92 92 91’; Ixirnliard .. 23\ 22 32’, 21'. Revnolda Tob B 48’, 48', F.<iuipnicn4m~ Allis Chalmers . 18’, 17’a 17’, 17', Am Car A: Fdv 26 27’; Am Loco 26 Am Mach A- Fdv 17', Am S’eel Fdi . 19 Bald Loco . ... 12 5. 12>, Burroughs .. . 15, 15>. 155. 15 Case J I 88’, 68 68 69’, Cater Tract . . 21 Colgal Palm Pret ... ... ... 16- 1 . Congoleutn ... 20’, Elec stor Ba' .. ... . . 43’; 43’. Foster Wheeler 15’, is- 1 , Gen Am T Car . 35’. 35 GenFFee 373 7 23*, 23', 23’, Gen R R Sig 37’a Inesol Rand 59 54 Int Bus Mach ... 144 lr.t Harvester . ... ... 35 5, Kflnnator .. . . 10’, Natl Cash Reg 17, J7‘, 17S 17’, Proc A Gamble . . 39 Pullman Inc 46’, 48 Simona Bed ... ... . 24’, Vnd Elliot 38 27 West Air B ... . . 26 Westineh Elec 41', 40' 40V, 4p) Worthtneton Pm 26‘; 26 26’. 28 l tilltie,— Am A- For Pm r 12’, '.2’ 13’, 12% Am Power A Lit 13’i 13‘, 13’, 13 A T A T. .. 125’* 125 IJS 124% Am Wat Wks 30’, 30 JO 29’; Cos! Gas A Elec 20', 19' 19', 20* Com A Sou 3', 3’, 3', 3', Consol Gas .. 53", EleC Pmr A Lit 10 9*. 9', 9'. Int T A T . !5 15’, IS , 15’, Lou GAEA., . . 21 >•' Pmr A I.l* 15 ’. 'S', :s' IC, 26’i 36 V, 36', 25', Tar O A E .. 37’, Pub Ser' N J 47', 48 Cos Cal Edison 23'a 22 ; Std Ga .. . 14’, Cnitetl Corn 10'm 9', 9', 10 l'n C>a* Imp 20' s 20’; Ut Pwr A Lit A . 5 5 Western Umon 63 v, 60 60 63’, Rubbers— Fire.tone 35’, 24’, 35', 25’, Goodrich 15’, 15’; 15’, 16 Coodvear . 37*, 37 J 7 37*. V g Rubber . 18' 18v 18*, 18 U S Rub pld 32', 32*, Kel Srrine 4 Amusement,— Croslev Radio ... . 9’, Fox Film 3', 3 Loews Hie 26', 25*, 35* 26*, Radio Corp .... B’a B*, 8% 8-j HKO J', 3*, Warner Broa ... 7 65, 6', 7 Fonda — * Am Sugar 59’, 58'; Armour 'A‘ . ... ... s', s’, Beatrice Cream. 18’; Borden Prod 32', 32‘. 32% 32 Cal Parking 26’; 36 Can Dry O Ale 28’; Coca Cola . 96 Cont Bak ‘A . 11 Corn Prod 80 79’, Crm el Wheat.. . . . 31 31 >. Gen Foods 35*, SS’a Oold Dust 22 21 ** G W Sugar . 32 S S3 52% 32’, Hershev ... 56 55 Int Salt 23 Loose Wiles ... .. 35, Natl Biscuit 54 Na 1 ! D Prod 30% 20 20 30*, Pet Milk 10’a Purttv Bak 19’, IS% !B‘ti 19*. S P rto RICO S 38’. 38 38 37, Std Brands . 37’, 36‘, 26'a 27*, United Fruit 58>* 58 % Wnglev 49 Retail Store# - Ass Dry Goods., ... M ... 14H

ItH. Harvester Johns-Manville Nat. Biscuit Piib. S. of N. J. Bears Roebuck Stand, of N. J. Un. Aircraft U. 8. Steel Union Pacific Westinghouse

Best A Cos 26'a liimljri Bros .. .. ... 4,4, Oirr.tael nfd ... . . . 2 Or Un Tea ... . 7 7 Hahn Dent Sts . 6'* 6<* 6 1 * Jewel Tea 3g >, Kresee S S 13 Krog< r Oroe 26‘* Mary R H . 51 '4 53 Mav Dent St 36 Mont Ward 22 22'* Pennv .1 C 42', 42S Qb fewftv Cl 7. Sears Roebuck 37 36 \ 3637 Woolworth 43' 43*, Ayiatlnn— A-.aiion Corn .. 10'* 10 1 * 10S to' Douglass Air . . . 13' 14 Curtiss Wright 3> 3 1 * 33 : *3’ t Curtiss Wright A ... s’* s** Nor Am Av ... 6', United Aircraft. 32’. 31>, 31 1 a33 5 Chemieals— Air Reduction 96’. 96’* Allied Chom . n6 5 117 Am Com Alcohol 47’ 44'* 44', 47’, Col Carbon . 55 53*, Com Solvents 34 32’* 32’, 34 •, Dupcvnt .71 70*, 70’, 71’, Freeport Tex . 38’, 37’, 37’, 38'. T.iO'iid Carb . 34’, 32', 32', 34 Math Alkali . . . 32** Tex Gull Suloh 27’,. 27’, Ur.ior Carbide 42’, 42', 42>. 42 tl S Indus Alcoh 63', 61 >4 61', 64 Nat Distil 86*, 84 84 86’, Drugs— Cotv Inc s*a s s * s’, 5 Drug Inc ... . 47t, 48 Lambert ... 31', 32 le-hn A Fink 20 Zoni'e Prod ...... ... ... s'j Financial— Adams Fxp ... 9', 9', 91* 9', Alleghany Corp . s*. St, S', s', Che,a Corn 41' 40’, 41 40>, Transamrrlca . . 6’, Tr Cpnt! Corp 6*, 6 1 , Ruilding— Am Radiator ... 15*4 Gen Asphalt . . .. 19’, 19’, Ini Cement . ... 30*, 30*, Johns Manville 45', 46 Libby Owens Gls 27’, 27 27 28 Otis Kiev ... ... 17', Uleh Const 3'x 3* Miscellaneous— Am Rank Note . .. . . . 20', Am Can 85 v , 85 85 R 6 Anchor Cap .. 25* 26 Brkvln Man Tr . 13 32 32 33’i Cont Can 60'* 60 60 60’, F.astman Kodak ~ ... 771, Ovens Bottle ..79 78 78 79’, Gillette . . J3i 4 Glidden ... 15', |5 Gotham Silk .. 11', 11 11 15 Indus Ravon ..67 65 65 67 Inter Rapid Tr.... ... ... 7 Real Silk Hose 13

New York Curb Bv Abbott. Hoppin Si Cos.) —Aug. 2 Close Close Alum Cos of Aii 71 tfount Prod 5 Am C P .*.• L =i s’, Jatl Bella* Hess 2’, Am C' an H IS Flag Hud Pwr 10’, Am Gas El.. 3* Pan A Airwave 59’, ?m Sup tear.. s s , ,‘arker rtstprl 59’. Ark Nil *>'vr A 2 Pnnroad 4 V*o Gas A ... I® Pioneer C!d Ml 12', Afla.* Ut Crp 14*, 3t Regl* Paper s'-. 3nrTrA- Lt 13 1 Salt Creex Prod 6 ,-ap Marconi. 2’, ’egal Lock Cent Sts At ... 2'.. Std Oil of Ind,.' 29 Cities Serv 3'; Std Oil ot Kv 16', Cemni Edison 66',Stntr 15 Cord .. 9*, ' r -en.*lux 2’, tl Bnd 5: Sh 25‘.-.Uni Founners 7’, cord of Eng . s'/United Ga* 4’l Frrd Mot Can 14 Un Lt A: *>r A s’a Hud Bay slin 10 T’nted Vetde 4‘, Imperial Oil /2, Woolwth Lmtd I>, Lone Star Gas. 9', >Vr HaVgraves..' 7 Liberty Bonds By United Brest NEW YORK. Aug 2 - Closing Liberty B/ liris 1 decimals represent thirty-second*' liberty 3®s '43-47' 102 19 Liberty Ist 4>,.s '4.3-47) . . . 10131 Liberty 4',s '33-38' L:;:....; 102 27 Treasury 4',* .47-521 109 28 Treasury 4s .44-54' ;o6 Treasury 3’,* '46-56i . . " 10s Treasury 3’,s 143-471 “ 1029 Treasury 3’„s <4l-43. March .! 1! 10128 Treasury 3%s 140-43' June iO2 Treasury 3 ! s 46-49/ 9930 Treasury 3* isl-55i " pg u

Investment Trust Shares

ißv Abbott Hoppin Sc Cos I —Aug. 2 American Bank Stock* Corp . 120 T. 33 American A- Gen Sec A 5 75 6 75 Basic Industry shares 328 Brjtxlh Tape Inv Tr shar .. 79 89 c. .atrral Truste- sharer. A 425 482 Corporate Trust shares mid' 2 16 Corporate Trust shares mei 231 238 Cumulative Trust shares ... 4 00 D:’.ersifled Trust shares A .6 00 Dnersified Trust shares B 7 75 Diversified Trust shares C . 3 00 3 09 Diversified Trust share* D ... 5 00 5 50 Firs' Insurance Stock Corp 1 66 1 84 First Common Stock Coro ... ill 122 Fixed Trust Oil shares A . 845 Fixed Trust Ol! shares B .7 45 Fundamental Triut shares A 4 16 Fundamental Trust shares B 492 Low Prtced shares 562 Mass Ir. es Trust shares 18 59 20 20 N'a'ion Wide Securities 3 49 North Amer Trust shar '1953/ 1.80 North Amer Trust shar '55-56' 2 43 3 65 Selected Amer'can shares 2 61 Selected Cumulative shares .. 675 7 1* Selected Income shares .... 350 413 Std Amer Trust shares . .. 294 301 Super Amer Trust shares A . 2 98 Trust /’•ares of America 295 303 Trustee Std Oil A 4R5 505 Trustee Std Os. B 4 35 4 60 U S Electric Light St Power A 1.4.00 15 50 Universal Trust shares . 2.74 2 84

Daily Price Index

H’i l nit fit I‘rrft NEW YORK Aug 2.—Dun * Bradstrut's dat'.v nmghtgd pricf mdfx of tfcirtv basic commodities, compiled lot the United Press 11930-1932 Average. IOOi Today 105 17 Tuesday 103 79 Weeic ago 105.66 Month ago 99gi Year ago 76 68 }”* high -July . H3 52 193 j low (Jar. 20i 67 86 ' 'Copyright. 1933 Dun A Bradstreet. Icc.i CHICAGO FRUIT MARKET By United Prttt CKICACfO. Auc 3 Print and vegetable Quotations Apples Michigan duchess ar.d transparents bushel. 50c .• *1 10 Illinois and Indiana -althies busheL 81.15ft1.25. Cherries- Mich.ear. south 75c*i$!2S. , *l3tl 35 Blueberries- Michigan. IIIS-.1.S Cantaloup, s-Indian S0„90c: 35 -t" -0-160 c flats. 25W 50c Michigan 40c *,8135 Cauliflower— Illinois 4050 c Carrots—lllinois !>,** 3'jc lettuce—Westerns. $2 50-/ 3 25: lUlnci' 1- 20c Smr.ach Illinois 3Si3Sr Cucumbers Illinois and Michigan 50s, :s c B-n I...res and Michigan. 75c <. $125. Michigan Limas 75cd1l Corn-Illinois. ■' Sic Tomatoes Illinois. SOctiSl 35 Michigan 75c : n 2.5 Peaches-Illinois hu.*..e. I. 225 Bee's—lllinois. I*i2c Cabbage Illinois $2 ~ 275 Celen - Michigan 30 a 60c Pen per.* nimcu, $13125 Onion marie' Cahfornia-Yellows bushel $1 v 1 to whites bushel *165 7 1.75:1111no.s mellows. 655j75c lowa yellows bushel. 50 h 85c NEW YORK RAW SUGAR FUTURES —Aug 3 . High Low Close ; January 14® i 45 1 45 M rch 1 51 1 50 1 51 ••••• I 56 1 54 J 56 Septerr.ber 1 38 137 1 37 D*<as*r 145 143 1.45

STOCK SHARES SHOW GAINS IN UNEVEN TRADE Dollar Drops Sharply on Inflation Talk; Steel Rises.

Average Stock Prices

Aieraee of thirty industrials Wednesday high. 95 27 low 91 97 last 94 84 up 2J4 average of twenty rails. 47 82 46 23 47 64 ud 0 83: average of twenty utilities 3! 94 30 75 31 78 l;o 0 77. average of forty ond, 88 05 off 004 average of ten fir • rail' 33 55 off 012 average of ten ■erond rails 75 82. up Oil: average of •en itil.ties 95 06 up 0 09. average of ten industrial*. 87 87. off 0 24. BY ELMER C. WALZER United Prew* Financial Editor NEW YORK, Aug. 3—Stocks opened irregularly higher in moderate turnover today, while the dollar dropped sharply on further inflation talk, and cotton advanced 2 to 10 points. Steel issues were in demand with U. S. Steel at 54. up V and Bethlehem 39 i, up •%. National Steel held steady at 41. Rails rose fractions to a point. Repeal issues were mixed in a narrow range. Oils, Coppers. motors nnd utilities were irregular in a narrow range. Gold Shares Active New York Shipbuilding advanced 1. to 19 7 on 1.000 shares following announcement that Cord interests now dominated the company. Colorado Fuel was steadier at 4 7 k, off **, following its sharp break Wednesday on receivership for the company. Further talk of a free gold market brought activity into the gold mining group Experts, however, were convinced the government would not permit a free gold mar- ! ket until all immediate government financing operations were out ot the way. Firm Tone Held Trading was dull after the opening. bu? the market maintained a firm tone. Tobacco shares met demand. American Telephone firmed , up a point to 125 7 ,. 3teel common slipped back slightly from the open- | mg. The financial community had varied comment on the latest ruling of the Stock Exchange to prevent trading in shares on a shortstring. ! but the consensus was the move was a favorable one in that it would 1 prevent panicky selling that developed from time to time under the old system. New accounts less than $5,000 must be margined up to 50 per cent; above $5,000 up to 30 per cent. The order goes into on old accounts Septo 15.

Bank Clearings

INDIANAPOLIS STATEMENT Aug 3 Clearings $1 384 000 00 Debus 4.034.000.00 TREASURY STATEMENT Net balance for Aug 1. $830,574 224.27 In!. Rev for dav. 3.537.978.99 , Custom* receipts, month to date 1.043,386.90

Chicago Stocks By Abbott. Hopt<n Sc Cos. 1 — TOTAL SHARES 1.4,006 SHARES

High. Low. Close. American Yvette ’, Asbestos Mfg 4' Ba.stian-Bles.sing 9H 8’ 9‘, Bendix Aviation .. 16’, 16 16’, Botg-Warner 16 14’ 16 Brown Fence A: Wire A 6‘, 6 6 E L Bruce Cos 22', 20’, 21 Butler Bros ... 4’* Berghoff 14*, 14'k 14’, I Cent 111 Pub Serv pld. 28 27'2 28 1 Cent 111 Securities pfd 7', Cent Pub Util .. ’ 'a ; Cent & So West 3 2’* 3 1 Cent Si So West PPpf 22 20’. 20', Chi A- North Western. 11', 10 11', i Chicago Corp com 3H 3', 3‘, Chicago Corp pfd 25’, 25 25 Cities Service .... 3’, 3's 3’, Commonwealth Edison 66‘j ! Crane Cos . . B’, Crane Cos nfd 45 44 45 DeMets. Inc., pfnee 14’, 14 14’, Dexter Cos 6'a 6 6 Eiecric Household 9’. 9 9’l Great Lakes Aircraft. . l' 4, I‘, Great Lakes Dredge ... 14 13", 14 I Greyhound Corp ... ’ | Gricsbv-Gnino*' 2’, /Hall Printing ... 6’ ■ Houdaille-Hershey 'B' 4’, Katz Drug 27 ' Keystone Steel 12', Lynch Corp 27', 28® 27 Marshall Field 13'a 12’, 13® Meadows Mfg Cos com .... ... ’, Mickelbcrrv's Food Prod .. ... 4 Middle West Utilities .. ... Mi . Middie W Ut 6 r p iA> 2’. Midland United ... I', Midland United pfd .. ... 2 : Midland U 6'- 'A' pfd .. .. I’, Mid Util 7® P L 5 . 4 1 , 5 Nattonal Baterv 21’, National Leather I’, Oshkosh Overall, pfd 1.4 Penn Gas St Elec 7’, Perfect Circle .. ... 22', Pines IWnterlront .. 3 Prsma Cos 30 28’ 29 Public Service 33’, 35', Public Service N P . 34’, 33’* 33’, Public Service 6® pfd 71 Publls Service 7® pfd .. ... 77', Quaker Oats .. ... 135 Quaker Oats pfd ... 117® Railroad Shares .... ... il , Seaboard U’rt Sh Sears Roebuck 35 Swift ACo 191, tg-, 19', Swift International 25', 24’, 25', Telephone Bd A- Sh A. lU S Radio A Tel 15', 15 Js', Utah Radio ji, ji 5 Walgreen Cos com 17® Ward Montgomery A . 74 72 74 Wayne Pump com 1® Wtscorwm Bankshares 5 Zenith Radio ji

In the Air Weather conditions at 9 a. m.: Southwest wind. 16 miles an hour; ceiling, estimated 1,500 feet; visibility. 7 miles; general conditions, ‘ high, overcast and lower, broken clouds; temperature. 75; barometric pressure 29.92 at sea level. Births Bovi York** I'* 1 '* Bnd M * rV Buncvh - 918 West New Grorg* > n( J Merle Holle. Methodist hoshomuT *" d A * lUne Sm:th Methodist George and Catherine Shields Methodist nesntt x i. William and Elsie Teeeler, Methodist ftosDitai. Girl* Charles and Ruth Watkins. Methodist J siospifa. Walter and Daisy Fr-vn, Methodist hosDave and Sarah Eskenoai. Methodist ho*i Pit*]. J Twin* Fiord and Margaret Leslie $46 Birch, oovs. Deaths WMham. Phscher. 68 253 North Warman cirrhosis of liver Delore* Wether. 19 dav*. citv hospital, spin a bifida. Peter Mohr. 74 450 South Gale arteriosclerosis. Joseph Morris 76. citv hospital, cardio vaacutar renal disease Georg" E Schuttler 23 3108 Carton paralysis Sarah L Nlblack. 65. Long hospital, carcinoma Charles Wagner 70 2934 Chester cerebral apoplexy NEW TORK COFFEE FUTURES —Aug a— RIO High. Low. Close January 6 Oi March 6 12 6 07 6 07 May 4 15 6 12 6 12 Julv 6 18 6 17 6 17 September s 80 December 6 04 6 00 6 00 SANTOS March 8 31 8 20 8 31 May 8 30 8 30 6 26 July 83® September 7 64 7 90 7 94

THE INDIANAPOLIS TIMES

INDIANA STOCKS AND BONDS

Th foi'owtr.if quot'lons do not rspresent act-j; bid* or offerings, but mrr*lv indicate the approximate market level baxed on buvlr.g ar.d telling inquiries or recentl transactions. • —Aug 3 STOCKS Bid. Ask. Beit Rail A Stock Yards, com. 26 30 Cent Ind Pr pld 7g 11 14 Cent Ir.d Pr pld Irt 9 12 Citizens Gat com 14 17 Cl'laena Gas Cos pfd 5" 63 67 Home T A T Pt Wayne pfd Ir.d A Mich Elec Cos pfd 7",.. 70 74 Ind Gen Service Cos ptd 6*4... 65 €9 Ind Hydro El's: Cos 7'. 27 30 Indpl* Gaa Cos com 40 44 Indp'.s P*r A Lt pfd 6'. 61 65 Ir.dpis Pwr A Lt pld 6','4.. 6& 70 No Ir.d Pub Serv Cos pfd C - 35 .33 No Ind P-b Serv Cos pfd 5‘.33 37 No Ir.d Pub Se-v Cos pfd 7'',.. 37 41 Indpls Water Cos pfd 5'4 89 93 Ind Pub Serv Cos 6'4 35’i 39 1 i Public Serv Cos of Ind pfd 6'4 14 17 Public Serv Cos of Ind pfd 7'*. 36 40 South Ir.d Gas & El pfd 64 .. 58 62 Terre Haute Elec pfd 64 33 37 BONDS Belt R R A Stkyds 41 1939.. 88 92 Citizens Gas Cos .4s 1942.... 84 88 Home TAW 5Ls 1955 66 100 Home TAT W As 1943 * 102 Indpis Gas Cos 5s 1952 .71 74 Xr.dpls Rvs Inc 9s 1967 29 32 Indp'.s Water Cos 4.s 1940.. 98'j 100*, Indpis Water Cos 5s 1960 93 97 Indpis Water Cos 5s 1970 92'i 96'i Indpis Water Cos s',s 1953... 100 103 Indpl* Water Cos s'** 1554 .100 103 Kokomo Wat wrorkrs 5s 1958.. 79 83 Lafavette Tel Cos 5s 1957 83 87 Muncie Water Works 5s 1939 . 92'i P6',2 Richmond Water Works. 1957. 84‘, 88 Terre Haute Wa' WK 5s 1356 84>, 88 Terre Haute Wa- Wk 6s 1949 93’* 97’', Traction Terminal Cos 5s 1957 45 49

NEW RULE HITS THINJIARGINS Customer’s Men Also Feel Effects of Exchange’s Order. By Vnitni rrrm NEW YORK. Aug. 3. Drastic measures designed to curb marginal buying and “wildcat” speculation in securities were approved Wednesday by the governing committee of the New York Stock Exchange. The new regulations, which brokers believe will curtail trading on •‘thin’' margin by small speculator*, were contained in an order to brokerage firms to increase their margin requirements. The Exchange will require a margin of 30 per cent on any debit balance of more than $5.*00. and a minimum margin of 50 per cent on all debit balances under that figure. Additional margin requirements will be imposed on short positions and on stocks selling at low prices. In the past, most brokers have demanded a 25 per cent margin on average accounts. In addition, brokerage houses must file weekly reports of any information they may have of the existence of pools, syndicates and joint trading accounts. Should the Exchange deem any such action unsound, it will take action against the broker under its constitutional powers. The Exchange also barred the solicitation of margin accounts in customers homes and issued orders prohibiting the payment of expenses incurred by customers' men for the entertainment of patrons. In another order, officials of the Exchange fixed a ''substantial” minimum salary to be paid customers’ men. During thf past three years salaries of thess* employes have ranged from $35 to SIOO weekly in most brokerage firms. Other Livestock BY UNITED PRESS CINCINNATI. Aug. 3. Hog* Rrceipts. 5.400; 764 direct and through: 270 held over. 10c lower. Packing sows and weighty butchers, off more Top and bulk, gold ;o choice 180-250 lbs s*Bo, mostlv 2.40275 lbs. *4.5041 4 65; 275-300 lbs *4 3.4 m 4.50; a lew 300-525 lbs $4 25'u4.35; 150180 lbs.. $3.90 >: 4.40: 130-150 lbs., *3, 3.60; good packing sows. $3413 25. Cattle —Receipts. 72.4; calves. 2.40: slow Generally around steady. Plainer grassy kinds almost unsalable Med.um to good steers and heifer:. *4 25'.i6 load handvwright heifers at latter firtce; common kinds down to $3 and plainer offerings below: beef cows. *2 .40 0 3.50; low cutters and cutters. slso*i2 50; most bulls. $2 25'<i 3 3.4: good to choice vealers largely $4 50 •i 5.50; plainer kinds. s3'o4 Sheep Receipts 2 400 Slow, not enough better kinds to reallv test market: few lots $7.40 4>B. around steady. Plainer kinds weak to lower. Most medium ss'<) 6 common. s3.so''i 4.50: culls down to $3: a lew slaughter ewes mainly at $1 f 1 SO. EAST BUFFALO. Aug 3—Hogs On sale. 700; 5 to 10c higher on weights: 180 to 210 lbs selling ss.lo'< 5 25; lightweights and pigs slow, under 1.40 lbs., $1.50 down. Cattle Receipts 1.40 slow, quality plain; fat COWS. $3.504.50; medium bulls. $2 75 '•i 3 2.4> Calves Receipts 25; fairlv active steady; good to choice S6'ii6.4o; culls. *5 downward Sheep Receipts 900: steady: choice ewes and wethers active at $8; mcdium slow draegv S6li~: culls, down to $4: good to choice ewes. $1.50' / 2 50. LAFAYETTE Aug. 3 Hog market. sto 25c lower. 200-300 lbs . *4 25U4 4.4; 300-125 lbs.. *4: 170-200 lbs *4 25 4.3,4; 140-170 lbs . $3 40 7/3.65; 100-140 lbs *2'/l' roughs $3 25 down; top calves $5; top lambs, si' PITTSBURGH Aug 3—Cattle Receipts 15: market, steads Hogs—Receipts. 1.350; holdovers. 350: market, active strong: prime heavies 240-300 lbs $4 75 'n 490 heavy mixed. 210-240 lbs $4 90'./5 10 mediums 180-210 lbs.. $5,154, .4.20: heavy Yorkers. $54,5 20: light Yorkers. 120-145 ibs $44/4 25: pigs. 90-115 lbs. $3 /3 50: roughs. $9 n 3.75. Sheep and lambs—Receipts, 3 500; market, steady; lambs, good to choice. 90 lbs down. $7.75 /H medium, 90 lbs. down. $34,5; sheep wethers prime $2.50■53: lair to good. $1,154/ 2 25: ewes medium to choice. sli2. Calves—Receipts 100; market, steady vealers. good. *.44/ 4 75; few choice. *6 50: medium. *4 50'.i5; heat’- and thin $2 ,404/3 50 KANSAS CITY. Aug 3 Hogs Receipts. 2.000, including 320 directs Uneven. steady to 10c higher than Wednesday's average, top *4 31 on choice. 200240 lbs. Ligh' lights, 140-160 lbs $3 10 b 4 10; light weights. 160-200 !hs . *9 70 ® 4 2.4: medium weights. 200-250 ibs . *4 14 4/4 30. heavy weights 240-350 lbs *l9O 4) 4 30; packing sows *3 15/3.65. feeder and Stocker pigs $2.75v/3.30. CattleReceipts. 2.000: calves. 600 market slow, steady to weak: early top choice yearling steers. $6 35. weighty Colorado steers. *6 T 5; Steers, good an dchotce 550-1.500 lbs . $5 25vr 6 75; steers, common and me-s3'-/5 25 heifers, good and choice. 550-900 lbs. $4 75 /6 1.1; cows. *2 25'-.-3 75: 93 5®: stockers and feeders. $4 '.l 56s Sheen—Receipts. 2 500 stew practically nothing sold early; most bids sharply lower best native lambs held above $7.25.

PARKE EXPOSITION TOURS TO CHICAGO WII-L LEW E INDIANAPOLIS E\ERY SUNDAY NIGHT DURING PERIOD OF FAIR Our Special Labor Day Tour Will Leave Indianapolis Sept. I *9 1 .50 for the round trip and covering three full days In 1 Chicago—Monday, Tuesday and Wednesday—the fair is less crowded and you can get around more comfortably This rate includes round-trip rail\fare and Pullman berth, room with bath at good hotel, certain meals, admission tickets for each day and several interesting conducted sight-seeing trips. All accommodations are first-class and parties select and limited in number. Your stay in Chicago may be extended if desired. For Details Communicate With Richard A. Kurtz. Manager Travel Bureau. The Leading Travel Bureau of Indianapolis S UNION TRUSTS 120 E. Market Si. RI ley 5341

LIGHT DEMAND SENDS PORKER PRICES LOWER Cattle Mostly Steady With Previous Range; Sheep Unchanged. Following early inactivity, hogs settled down in a range 10 to 25 cents lower than Wednesday s average at the city yards this morning. The bulk, 160 to 275 pounds, sold for $4 45 to $4.55, a few held at $460. Weights of 275 to 325 brought $4 15 to $4 35. Extreme heavies sold for $4 and less. Light 140 to 160-pounders brought $3.65 to $390; 100 to 140 pounds, $2.°5 to $3 25. Packing sows were to be had at $3 to $3.65. Receipts were estimated at 7,000 Hoiao\ers were 346 In the cattle market slaughter classes were mostly steady. Several loads of choice steers were sold at $7. The bulk of steer sales was mad-? around $6 Top on heifers was $5.75. others 54.25 to $5.50. Common grades sold down to $3. Cows brought $2.75 to $3.50, a few' up to $4. Receipts were 600. Vealers were steady at $6 down. Calf receipts were 500. Lambs were steady, selling mostly at $7.75 down. Top price was SB. Culls and throwouts were hard to move at S3 to $5.50. Receipts were 1,300. Asking was generally higher on all hog classes at Chicago, with bids steady at Wednesday's average. For 270 to 290-pound weights bids were around $460. Asking was above $4.75 for light and medium weights. Receipts were 20.000, including 4.000 direct. Holdovers were 2.000. Cattle receipts were 5.000; calves, 1,500; market steady. Sheep were unchanged, with receipts of 9.000. iiogs July Bulk. Top. Receipt*. 27. $4,709/ 4 80 $4 84 6,500 28. 4.559/ 4 70 4.70 8.000 29 4 60 0 -I 70 4 70 2.000 31. 4 65U 4.75 4.75 6.500 Aug. 1. 4 55® 4.65 4 70 7.000 2. 4 55® 4.65 4 65 5.500 3. 4 45® 4.55 4 SO 7.000 Market, lower. il4o-160i Good and choice... $ 3.65® 3 90 —Light Weights—--1160-1801 Oood and choice ... 445 180-200i Good and choice. . 455 Medium Weights—-'2oo-230) Good and choice.... 465 '2OO-2501 Good and choice.... 4 50® 444 —Heavy Weights—-'2so-2901 Good and choice .. 4 34® 44.4 ■ 290-350' Good and choice ... 4 059/ 4.35 —Packing Sows—>3so down' Good 3.40® 365 '350 upi Good 3 25® 3.50 1100-301 Good and choice .. 3.00® 3.40 —Slaughter Pigs-(loo-130) Good and choice.... 2.25®2.75 CATTLE Receipts, 600; market steady. (1.050-1.1001-Good and choice $ 6 00® 7.50 Common and medium 4.259/ 6.00 (1.100-1. son.— Good nnd choice 6 00" 7 50 Common and medium 4.50'b- 6.00 —Heifers—-(sso-750! Good and choice 5.00® 6.25 Common and medium 3.25® 5.00 (750-900) Good and choice 4.50® 6.00 Common and medium 3.25® 4.50 ' —Cows — Good 3 25® 4 00 Common and medium 2.50® 3 25 Low cutter and medium 150® 2.50 —Bulls (yearlings excluded' Good (beef' 3.00® 3.50 Cutter, common and medium.. 2.00® 3.00 VEALERS Reeeipts. .400; market, steady. Good and choice $ 5.50'<7 600 Medium 4.009/ 5.50 Cull and common 3.50'a 4.00 —Calves—--12.40-5001 Good and choice 4.00® 5 00 Common and medium 2.00® 4.00 - Feeder and Stocker Cattle—-(soo-800' Good and choice 4 50® 5.75 Common and medium 3.00® 4.50 (800-1.500' — • Good and choice 4 .40® .4 75 Common and medium 3.00® 4.50 SHEEP AND LAMBS Receipt*. 1.300; market, steady. Lambs. Shorn Basis—■9o lb*, down) Good A- Choice.s 6 50® 800 (90 lbs. downi Com and med. 3.00® 650 —Ewes— Good and choice 2 00® 300 Commbn and medium I.oo® 2.00 Other Livestock BY UNITED PRESS EAST ST LOUIS. 111.. Aug 3.—Hogs Receipts. 9.000 .market, steady to 5c higher; top. S4 60; bulk. 170-280 ;bs . $4.45 9/ 4.60; 140-160 lbs . *3 6.4 >/ 4.30: 100-130 lbs.. $2 509/3.40: sows. $3 309/3 60 Cattle R'-cetots. 2.000: calves. 1.000; market, steers in. relatively liberal supply; no rarlv sales. led mixed yearlings and heifers active, strong: cows and vealers steady; sausage bulls not moving, earlv sales mixed yearlings and heifers *6'/6.50; heifers at the top; cows. 52.50 U 3 25; low cutters. $1.50'!/18.4; god and choice vealers $5.75. Slaughter steers. 550-1.100 lbs . good and choiee. $5 509/7: common and medium. $3.25'./ 5..40: 1 100-1.500 iba.. choice. 56.50® 7; good. $5.75 )/6.50; medium $4 509/ 5.75 Sheep Receipts. 2.500: market, no early action: packers talking sharply lower: mostlv $7 25 down lor desirable lambs: bolding better lambs above $7 50; lambs. 90 lbs down, good and choice $6 75 9/7.75: common and medium. $3 .40®6.75: yearling wethers. 90-110 lbs good and choice $4 / 5 25: ewes. 90-140 ibs good and choice. $1504/2.75: all weights common and medium. sl®3. * FT WAYNE Aug 3.—Hog*— Reeeipts. steady; 200-250 lbs. 4.80. 250-300 lbs . *4 50. 170-200 lbs *4 55: 300-350 ibs $4 35: 160-170 lbs. *4.25: 150-160 lbs $4 140150 lbs *3 75. 130-140 lbs. *3.45: 100-130 its. *3 10: roughs. $3 50: stags *2 Calves *6 lambs. $7 50. Cattle—Steady, unchanged. By Timr Sprrint LOUISVILLE Aug. 3 —Cattle- Receipts. 1.4 C; trade very draggv on all grass cattle, weak fed kinds in demand at fullv steady prices, ail cows at seasons low-; bulk better grass steers and heifers. 54G4.50: plain kinds down to $3 or less: led offerings ouotable *4 759/ 5 75: bulk beel cows. $2 25 4/ 275 low cutters and cutters. $1.25®2 bulls. $2 7.4 down, most stockers $4 down: better western stock calves eligible around $5 25. calve* 400 including 144 stock calves vealrrs. steady, bulk better graces. *49/ 4.40. medium and lower grades. $.3.40 down sharp discrimination against heavv grass calves hoc. l.ooo: weight*. 184-275 lb* 10c lower others 15c off. 185-275 lbs *4 60 275 ibs up. *4 10: 140-185 lbs. $3 60. 140 lbs down. $190: sows. $2 85 s'-ae* *1 80 sheep. 1 500: market not established undertone weakmost seller* holding for steady prices: bulk better lambs Wednesday. *79/7 50: seme choice *7.75: stock ewes, steady and moderately active; bulk better kinds. s6 't 7.50 per head, receipts. Wednesday, cattle. 218: calves .193: hogs 1.002 sheep. 1 995: Shipments—Wednesday, cattle. 54 calves. 212 sheep. 1,845.

-Today and Tomorrow-

Permanency of Labor and Pay Increases Under NRA Watched by Industrial Experts. BT WALTER LIFPMANN

TO students of labor conditions in other countries it must be rather astonishing to see the great movement to raise wages, reduce hours, and remove the obstacles to unionization, being initiated and carried through, not by organized labor or a labor party, but by the government. They are bound to ask themselves how permanent the improved status of the wage-earner is likely to be when that improvement depends rot upon his own position in hii industry, but upon enlightened benevolence and the sense of expediency of public officials who can be turned

out of office by the next election. The answer to this question likely is to depend. I should suppose, upon whether American labor leaders are capable of utilizing the opportunity and meeting the responsibilities which the National Recovery Act is creating Once before in recent years the status of labor and of labor unionism was improved greatly by government action. This happened during the war and just after it. Not only were wages greatly increased, but so. too. was trade union membership. According to Dr. Leo Wolmau's estimates, which are the most authoritative in this field, there were about 2.800.000 trade unionists of all kinds in 1916. In 1920 there were a little more than 5,000,000. Unionism almost doubled in strength in the war period. Conditions were favorable. On the one side there was a shortage of labor from the stoppage of immigration and the enlistment of over 4.000 000 men

in the army. On the other side there was an intense demand for labor to produce war supplies. However, in those years there was an administration in Washington which, like the present one, was instinctively favorable to labor unionism. For that reason, and also because it was

necessary to avoid all strikes, the government did very much the same sort of thing it is doing now. It fixed labor conditions in contracts and threw the might of its influence on the side of collective bargaining. ana UNDER these artificially favorable conditions labor unionism, as measured by membership and by .influence, made the greatest advance it has ever made in our history. But the record shows that labor tmionism made very little real advance in gaining the allegiance ol wage /earners or of demonstrating its power to represent their interest. When the artificially favorable conditions were removed the membership and influence of the unions went into a rapid decline. By 1923 the unions had lost all they had gained between 1918 and 1920. By 1932 they had probably receded to their prewar size. But even more striking and more significant than the decline in total membership has been the virtual disappearance of trade unionism from the main body of American industry and its concentration in a very few trades where there are on the whole artificially favorable conditions. Even before the depression had devastated the ranks of unionism. in 1930, 70 per cent of its membership in five industries. Transportation, which, of course, means chiefly the railroads, accounted for a little over a quarter of the unionists. The railroads arc a “sheltered” industry under government regulation. The building trades accounted for another quarter. They are a sheltered trade in that you can not build houses where it is cheapest to build them; they have to be built where people need them. The building trades, moreover, through public contracts and building laws, are intimately entangled with municipal, politics. This covers half of American unionism today. Another quarter is concentrated in the printing trade, which, because of the high skill required. is very favorable to unionization; in the public services, which are sheltered politically, and >n the theater industry, which is so speculative and competitive in its nature that it is either rolling in wealth or is bankrupt, so that it will pay anything which it is successful and then shuts down when it is not. ana BEYOND these five industries trade unionism is almost negligible. Since 1920 the metal unions have lost three-quarters of their members and the miners about onequarter. As Dr. Wolman and Mr. Gustav Peck have pointed out recently. “the basic industries of iron and steel, food packing, automobiles, rubber products, chemical and electrical products .. . remain free from unionism altogether. This record of the rise and decline of unionism is well worth remembering as the NRA experiment proceeds. For it myst be clear, it seems to me, to any one who thinks about the codes, that a co-operative system of employers in an industry would neither be tolerable in the long mn nor workable unless there were a strong, representative and intelligently led labor organization

ARMOUR aH COMPANY THE Board of Directors of Armour and Company (Illinoi*) has approved and submitted to stockholders, for vote on August 22, 1933, a Plan for readjustment and simplification of the capital structure of the Company. Holders of a very large number of shares of stock have already indicated their approval by sending in their proxies. The management believes that this Plan affords to all classes of stockholders a real opportunity materially to improve the financial structure of their Company, and in doing so to place themselves in a position directly to benefit from such improvement. In order that this Plan may be adopted, it is important that . the stock of the corporation be represented as fully as prwrefrte at the meeting to be held on August 22, 1933. Stockholders and holders of voting trust certificates who have not yet sent in their proxies are therefore urged to do so at once. Full details with respect to the Plan and its benefits are contained in the President’s letter dated July 14, 1933 and enclosures, copies of which will be mailed upon request. ARMOUR AS3S COMPANY By: T. G. LEE, President UNION STOCK YARDS CHICAGO, ILLINOIS Amgmst 2, t9M This notice is addressed to stockholders residing m the state in which it is printed

Walter I.ippmar.n

covering the same field as the trade association. For one thing, a combination of employers which did not deal col--1 actively with Its employes would destroy all equality In wage bargaining. and would be susceptible of the grossest abuses of blacklisting and discrimination. For another thing, one of the basic principles of the codes is that the marginal employer, who is either weak or unscrupulous, or both, must not be allowed to wTeck the standards of the industry. To maintain these standards effective unionism of all the labor in the field is both necessary and desirablp. And. finally, it must b? evident that if we are to enter an era of constitutional government in industry, then labor must be represented in that government. Now, the fact is that for all thPs-> responsibilities American unionism today is as badly prepared as are the great majority of individualistic employers. Once before in this generation the government has fostered unionism and artificially inflated it. The unions could not develop enough inherent strength to preserve their gains and consolidate their position in American life. It will be interesting to see what happens this time when the experiment is being repeated, above all to see whether Aemrican labor will reorganize its structure, its discipline and its leadership enough to be a partner, rathpr than a mere beneficiary. in the New Deal. (Copyright. 1033 >

Produce Markets

Delivered In Indianapolis prices: Hen*, heavv breeds over 4® lbs., llte: Leghorns. <c. Broilers: Colored springer- 1® ibs. up. 12r: springers 'Leghorn'. 1® lbs. up 9c; bareback*. 8c: cocks and stags. 6c: Leghorn cocks and Leghorn stags, sc. Ducks, large white fttli teatnerea and fa:, over 4 lbs. 4c: small and colored. 3c CXese. full feathered and fat. 3c. Young guineas. 20c: old guineas. !sc. Eggs—No. 1 fresh country run eggs. lie. Each full egg case must weigh 55 lbs gross: a deduction of 10c per lb. for each lb. under 55 lbs gross will be made Butter—No. 1. 2.4®26c: No 2. 23® 24c. But'crfat—lßc. Quoted bv the Wadlcv Company. BY UNITED PREB CHICAGO. Atig. 3 Eggs Market unsettled, pricer, unchanged 10 ',c lower receipts. 4 257 cases; extra fit: - 12'. 13',c: firsts. 12'/12’,<: current receipt;.. 10®4zll‘,c: dirties. 9®c. Bl’-et Market •cadv. prices unchanged to 1 -c higher receipts. 14.541 tubs specials 21'.®22c extras. 21r: extra firsts 19®4/20®c, fir*'<’ I®/20®c: firsts. 1 ® 19r seconds 17® 17®C. standards. 20'.r Poultry Market weak: receipts. 1 car. 27 truck fowls. 10 A/ lie: leghorn broiler . 10®c; leghorns 8c ducks. 7'/10c geese 7*/9> turkeys. 10® lc: roosters. 7c broilers. 11-/1 Sc. Cheese - Twins. 13'iS/ 13'.c: lognhorns. 13’,®14c Potatoes On track 95: arrival*. 14. shipments. 338; market slightly stronger Kan<a anti Missouri sacked cobblers, $2 80® 2 00; New Jersey sacked cahblers *34/3 10 Idaho sacked triumph- $3®310 Maryland barrel cobblers. $4 25.

In the Cotton Markets

—Aug. 2 \ CHICAGO High. Low Close. January in 9fi 1059 1033 March 11 08 10 75 11 08 Mav 1120 10 95 1120 October 10 69 10 26 10 66 December 10 92 10 49 10 87 NEW YORK January 10 90 in 50 10 89 Mav 1123 10 80 1119 July 11 35 10 98 11 35 October 10 62 10 18 in 58 December in 84 10 39 10.79 NEW ORLEANS January 10 79 10 45 10 79 March in 98 10 90 10 94 May 11.19 i0.84 11.10 Jul/,. 11.25 October 10 62 10 13 10 50 December 10 84 10 35 10 72

PAGE 13

CRAINS STAGE SHARP DIP ON RAIN REPORTS Wheat, Rye Regain Early Losses Before Close; Finish Higher. BY HAROLD E. RAINVILLE l nited Prr* staff Crr**pondrnt CHICAGO. Aug. 3 Wheat led grains in erratic fluctuations around the previous close on the Board of Trade today, finishing to cent higher. The undertone was not weak but sentiment jvas mixed. Buying by mills constituted the principal support Rams weakened corn. The latter gram gamed on wheat at one time, nevertheless Rye was firm throughout the session. Oats followed wheat and corn. C orn C loses Down At '.he close com was unchanged to 's cent lower, oats to 7 * cent lower, rye to l l * cents higher and barley 2\ to 3® cents lower. Provisions were about steady. Wheat was nervous during the morning with the action in stocks and cotton having some effect Support was less aggressive, all grains having a slightly easier undertone. Liverpool lost ground and closed to cent higher, due to higher sterling. Cash prices were to l cent higher. Receipts were 104 cars. Rains Cause Decline Good rains which were highly beneficial to the growing corn crop accounted for the decline in this pit. At midsession prices were 1 cent lower. The undertone was fairly firm, but the market recovered less. Shipping sales were 64.C00 bushels with bookings 16 000 Cash prices were to 14 cents higher. Receipts wore 74 cars. Oats showed a good undertone and recovered most of the morning's loss. At mid-morning, however. the market was ■* to 3 4 cent lower with corn. Trading was less active than in other pits. Rye was strong. ’to / cent higher early. Cash oats was unchanged to 1 cent higher. Receipts were ii 9 cars. Chicago Primary Receipts —Aug. 3Today. Laxt wz*lc. Witeat 295 000 547.000 Corn . *8! orto 757 noo Oata 281.000 287 000 Chicago Futures Range Aiib 3 WHEAT— prey, Huih Low. 10 oo close. September ... 1 or® ■* l oou I oo\ December ... 104'j 102 U 103’, 100’* Mav .... I.oß’, 1.06'/ 108 1 08', CORN— September ... .SS’, 44’/ .55*, .56’* December 60', SB', .49’, 61 Mav 65’, .64', .6.4', 66'* OATB--September .41 1 a 41 .41', 41’fc December ... 44® .4444’, 45', Mav 48', 48 48', 48’a RYE September ... .75', 74 .7.4', .74’, December ... 81 79'i 81 80', Mav 86', 85 86', 85’, BARLEY— September ... .47 .56', .56’, ST December ... 81’, 61', .61’, 62t* CHICAGO CASH GRAIN By United Bren* CHICAGO. Aub 2 —Cash ?rain clbse: Wheat No 1 P-<1 96 ■/ 98i No 2 red 94’' i!'B'/C No. 3 red 90r: No 1 hard. 9.4‘j® 99\c. No. 2 hard 94'jv/97c: No 3 hard. 97' <•: No. 1 vrllow hard. 94’/96r; No. 3 \ei!ow hard. 9.i'/r; No 2 mixed. 94® 96'./' Corn No 2 mixed. 529/52',c: No. 2 yellow. .41’, ■. 3r No 4 yellow. 49c: No. 3 yellow. 51®5I'c. No. 5 yellow 47c: No. 1 white S4i No 2 white. 53’,9/_s4r sample trade 43'ic. Oats No 2 white. 38 ■/ 38 1 /C: No. 3 white. 35’,®38c; No 4 v hMe 359/ 36',r Rve No sales. Barley—--46 1 7be Timothy 44 25 -1 450 Clover- It it 12 50

Indianapolis Cash Grain

—Aug. 2 The bids for car lots of grain at tha call of the Indianapolis Board of Trade, f n b shipping point, basis 41® New York rate, were Wheat Strong: No 1 red. 86®88c: No. 2 red, 5® 88c; No 2 hard. 86® fcßc Com-Strong. No 2 whi'e. 49®50r: No. 3 white. 48 / 49c No 2 yellow. 48349 c; No 3 \e!!o 47 '4B/ No. 2 mixed. 45$$ 4Sr No. 3 mixed. 44® 45c Oats- S'rong No. 2 white. 34® 35c. No. J white. 33 ■' 34c Hav—Steadv iF o h. country point* taking 23®c or less rates to Ci.iclrnatl or Louisville*. No 1 t.mothv. $6 /6.50. No. 2 timothy. $5 50® 6 Whe' No 1 red. 4 cars; No 1 mixed. 1 car No. 2 mixed. 1 car sample. 1 car: total. 7 cars Corn No 2 h:'e, 1 car. No. 2 vellow 1 car No 3 \ellow. 2 car*. No. 4 yellow, 1 car to'al. 5 cars Corn- No 2 "hite cars. No 3 whit*. 4 cars; total, 21 cars. INDIANAPOLIS WAGON WHEAT City grain Geiator* are paving 85 cento for No. 3 soft red wheat. OLner grades on their merit*.