Indianapolis Times, Volume 45, Number 82, Indianapolis, Marion County, 15 August 1933 — Page 13

AUG. 15, 1933_

Wall Street-

Saturday Closings of Exchanges Unlikely to Become Regular Practice: Costs Are High. Bv RALPH HENDERSHOT Timfi * pe-/1 Financial Writer

All r,f thf m -writv vxrhangf/s in Wall Street, including the New York Stock Exchang/ remained closed Saturday. They will be closed on Saturdays throughout this mon'h as well as on the first Saturday in September. Some people are wondering whether the Exchanges may not go p rrnanentiy on the five-day-week basis to more fully conform with the NR A program, but this is thought to be very doubtful. No agita'ion of consequence for Saturday closings has been reported in the Street, and it is generally believed that the current closings had no significance other than to discourage the recent excessive speculation. It will be remembered that when the order went through the market

was boiling, but it has quieted down so much since that brokers would rather like to pick up the business which normally is available during the two-hour trading periods. The overhead of brokerage houses, particularly the so-called wire establishments, is high. Consequently they like to keep operating as continuously as possible. Moreover, the Exchanges are looked upon as market places, the same as are department stores or other concerns of that sort, and many brokers feel they would not be dealing fairly with the puolic if they were to go on a flve-dav-week basis. Brokers quite generally are for the NRA code, however, and are working on such an agreement. s a a Tangible Results of the Code When the NRA code was first suggested and ev£n after it first went into operation it was virtually impossible to visualize the results it was likely to produce But reports are beginning to show which reveal

Ralph Renders hot

its features tangibly. A telegram sent to General Johnson, administrator of the act, by the Great Atlantic and Pacific Tea Company serves as an excellent example. John A Harftord president of that company, reported that 8.340 employes had been added and that the company's pay roll had been increased by $8 204.152 Add to that the increase by the thousands of oth-r concerns in the United States and the total gain in purchasing power is certain to be tremendous. a a a Gold Output Bullish The increase in the output of gold in the last year or so is regarded as a very bullish business by most economists. They point out that some of our most prosperous periods have followed years in which the production of the yellow metal was heavy. During the depression years gold production was encouraged by the stable level of prices for the output and the lower cost of production. Since the upturn in trade begun production has been still further encouraged, since prices have been advancing, due to the deflation of currencies in relation to geld and to the fact that production costs have remained relatively low.

New York Stocks “--~-~ —— ““ <B Abbott, iiopbln to Cos.) ———————

—Aug. 15— 10 30 Prev. Oil,— High. Low. E D T. clc*c. j Ami-rada ••• ••• -•* i Atl 25 . Barnsdall .. .. ••• ••• 2 Conxoi Oil 4)1 10 ** ('mu of Del ~ r> ••• lj • Houston inewi., ... J Mid t'ont Pet J* Pet Corp }o‘ Phillip.* Pet IJ‘ 13 Pore Oil • * * tibo Oil t 25 24 Snell Union * * Bunms Pet •■ ... v ® * boc^vat' 01 . 1 ::::: ::: ns s, SB?iM B, j ::::: ::: ft:i Sun Oil Texas Corp 21 21% Tidewater Asin • .* ••• * * Un Oil ol Cal 18 4 Slffl*— Am Hull Mills... 22®, 23‘] 23®, 23'. Beth Steel • • Hvrts AM ... ... 31: I Col fuel <V Iron 6' 6 l s B'] t>’j ! Cruc Steel .. . .. ... • ■ ' Inland Steel 37 3i* Mi Reexport Tin. . 87 8* 1 . ■N.i'i Steri 45'. 454, 45N 45' t Hep Iron A Bteel .. ... ... 16®, Rep Iron A S p(d 39 l S Smelt . Vanadium .. ... 24*t 24* t! S Pipe At Kdv I S Steel . . . ... 53>. 52' i U S Ste 1 Did .* ... 9* 96 Youngstwn SAT.. ... ... 25®] Kalla— Atchison ... 60' i 60's B A O . .... . ... . 29 Can Pac 15'j 15*. 15'. 15®. ill A Ohio 45®. Chi A lit W s‘. .. ... B’. B'. C M .v St P pfd .. I4*t 14®, Chi N \V . ... ... 11'. tin It Isl .... ,4 ’• 6'. l>ela .V Hud a. ... >3> a ... .< ... ... 21 1 . orl Northern... ft .A ... 25 lit Central .. ... ...331,9 1 , M K T US lIS Mo Pic pfd ... 9 1 . 9 9 9 N Y Cent 43% 44'. N Y Chi A St L 24 '2 N Y Chi A St l, o .. 27A N YN * Haven ft, 26>4 26 Norfolk A Wes . ... . 104 Not Pac ... X .• 26 25® Penn HR ... and ... 35 35 Sou Pac ft ... 27'j 2i’ Sou It It ...... A 28S 28 Union Pac . J 2H ... 121 W Maryland f. . rt 12’. Motors— Auburn ....,,4. 58% 57 58'] 57®. Chrysler .... .. . 37®. 37’. Oen Motors .!. 30\ 30®. 30®, 30* Graham Mot ... ~ ... 3®. 3®. Hudson *4 11’. • . :fc $ p X £. Nish ..... 4 r. {r. 20% Packard .....j. A ... J>. 5 Keo 91 2* ... A. 4'. Studebaker .... 5’4 5*4 5% s* Yellow Truck ~ .. ... ... s®. Motor Areess— Bendtx ....... „ u’ 36®. 17 lt..hn Alum 4 Tt ... 41 Horu Warner % . w .* }*' it ir. t Eaton Mtg ....* ft • .... 3*_V E'.ec Aulo lute.. A ft, 18’a 17®. Houd Hershey.. a ... Mullins Mfg ... A 2' Murray Bodv ... .5 8% Stew Warner B*4 8% Timken Rol .... 28% 28% 28® 28'.' Mining— Alaska Jun ..... 37% 27% 27'] 2i' Am Smelt . • ... 34% Anaconda 17 16*. 17 16% Cal A Herla 6% Cerro de Pasco.. .. ... ... 32 Granbv .. ft, ... 11 G Nor Ore .4 a, Vlomestake Min 3 £•• 261 263 Ins Copt'i'r t ... . ■• 6% Int Nickel ..... ... 18 * 18% Isl Creek Coa! .... . . 24% Kennecott Cop . 20% 20% 20% 20% Noranda Cop... .. ... 32% 32% Phelps Dodge ... 14% Tooaeros— Am Sum T>'b .. ~ .u ... Am Tobacco B . A . 87 86% Gen Cigar . .. ... . . 38*. l:gg St Mvers B. .. ... 95 OS’. Lortllard ... 21% 31% Reynolds Tob B. 49% 49% 49% 49® Equipment*— Allis Chalmers 18% Am Car A Fd\ SO 29% Am Loco .. ... 39 SO Am Mach A Fdy .. ... 17 18®s Am Steel Ffiv . . . 21 20®, Bald Leo 13’. 13 13® 13®. Burroughs 17 Case J I .. ... ... 99% Cater Tract 31% 21 Colt Palm Pee: . .. ... ... 17% Coni ... 21®. Foster Wheeler .. ... ... 15®. Oen Am Tk Car . . 35 Oen F’.ee .. .. 24®, 24% 24®, 24% Oen R R S:g ... ... 39% Ir.gso! Rand .... ... . 6!®* Int Harvester .. 35% 35 35% 35% Kelvtnator 10% Proc A Gamble ... ... ... 39®. Pullman. Inc . .. ... 50% 50% StTtmons Bed .. .. ... 23% Urtd Filter 38 West Air B .; 27’J West inch Slec 33 42 % Worthington P ... 26% Utilities — Am A Fbr Pwr. . ... 12% 12% Am Power A Lit .% ... 12 1 . "% A T A T . . ... 126® 126% Am Wat Wks .... 29 Brook Vn Gas 77% Col Gas A El.. .. ... 20% 30 Com A Sou . • 3®. 3% Consol Gas ... 49 4l’ 48% 49% Elec Pwr A Lt .. .. .. .. 9 Int T A T 15% 13% 15% 15 Lou O A E A1 20®, Nat Pwr A Lt! 14% 14% North Amer 24®, Pac G A E -. . . 26 Pub Set' N J-. 41% 41% 41% 42 So Cal Edison 21% s;d Gas .. ... JS% 13% Std Gas pfd 16®. United Corp ..... ... 9% 9% Un Gas Imp 19% 19% 19% 19% Vt Pwr A L lA> . . ... 4*. Western Union.. 66 63®, 6# 86% Rubbers— Ooodrtch v ... 16 13% Goodyear G ... 37% 38 V S ftubber ... 18% 18®. U S Rub p!d ... .% 30 Kei Spring 4% Amusements— Foi Film X 7% . 28% 28% Radio Corn ... 8% 8% B*. 8% RKO . .. 3% Warner Bros ... 7% 7% 7% 7®. Food.— Am Sugar SO Armour A 6 5% s’, 6 Beatrice Creamrv 18 Borden Prod 31% 31% Cal Packing 27®. Canada Drr O A; 90*. Coca Cola 98% Cont Bak A .. 13% 11% 13% 13% Corn Prod 84®. 84% Crm of Wheat. 31% Gen Foods 35% 38*1 Ootd Dust ..... . ... ... 31% O W Sugar ... 32% 32% 12% 32% Herahev &6 Natl Biscuit ... . . 96% Natl D Prod.,:, 21 20% 20’4 20% Pet Mlik ...*• ... 12 rc.’&.a.il I K lit

Std Brands .... v, 27% 27% United Fruit .1 X *7 ... 56®. Wnglev .... G ?T. ... 49 Retail Store*— Ass Dry Goods.. .. ... ... 15 Best A Cos ... ,T. ... 28% Gimbei Bros ... 5% 5 Gr Un Tea . .1 h. ... 7% Hahn Dept Sts.. .. Gs. ... 7% Jewel Tea . ... 38 Kresge S S 12% 12® Kroger Groc .' 27 Mav Dept St ... 27 Mont W'ard 24 24 Penny J C 44% Safeway St . ... .. ... ... 51% Sears Roebuck.. 38% Woolworth 42% 41®, Aviation— Aviation Corp.. 11% 11% 11% 11% Douglass Air 14 13®, CurMss Wright 3% 3% Curtiss Wright A 6*k 6% Nor Am Av 6 6®, United Aircraft. 35®, 35% 35% 35% Chemicals— Air Reduction.. 99% Allied Chcm .128®, 129% 129®. 129% Am Coin Alcohol 56 55®i 56 55% Col Carbon 58 Com Solvents .. 36% 36 36% 36% Du Pont 74®, 74% 74®, 74% Freeport Tex 39®, 39% Liquid Carb 32®, Northern Alkali. .. ... . . 35 Tex Gulf Sulph 28% 28 Union Carbide .. ... 44 U S Indus Alco. 71 70% 70% 70 Nat Distil 90®, 90 90 90% Drugs— Coty Inc %• u, SV s®, Drug Inc . ;r. A est 47% 47®, Lantbert Jt S ... 31% Zonlte Prod .... C. .V. ... 9 Financial— Adams Exp .. .. ... 9®, 9% Allegheny Corp. .. ... 5% 6 Chesa Corp .. . 48% 48'] 48®, 48% Trnnsamertca Tr Conti Corp.. .. ... 6% 6% Building— Am Radiator ... ~ ... 15®, 15% Gen Asphalt ... . .. 18®, 18®, Int Cement . ... 32 31®, 32 31% Johns Manvllle . 47% 47®, 47®', 47% Lihbv Owens Ols 28% 28% Otis Elev 17% Ulen Const 3®, Miscellaneous— Am Bank Note 19% 19 Am Can 86 85% 88 85% Anchor Cap 25®, Brklyn Man Tr 33 Conti Can . 61% Eastman Kodak 77®, 77% Owens Bottle ... 76®, 76% Gillette 13% 13®, 13®, 13% Glidden IS® a Gotham Silk ..... ... ... 11% Indus Rayon .. ._* 66% 67% Inter Rapid Tr t ... 7% New York Bank Stocks (By Abbott. Hoppln A Co.l —Aug. 14— Bid. Ask. Bankers 52 62®. Brooklyn Trust 141. 117 121 Central Hanover 142% 144 Chase National 28% 38% Chemical 28®. 39’. National Cttv 31®, 32 Corn Exchange 56 57 Continental ... 15% 15®, Empire 20% 30®. F:rat National 1.425 1.445 Guaranty 320 332 Ir lag 19% 19®. Manhattan A Cos 29% 29®, Manufacturers 17 17% Public 34% 35®.

HORIZONTAL, Answer to Previous I'nr/le conference of 1 What is the [H IK nut l poc knTI Fn which he was first name of toNE tip! "sr* the man In J. - ■ —j* ea k pirtur.r t ■tSPco.A.CHIaoBA ;; H Portal. L ; t TJ|D ASS I ; E:RMD l;M 2S ShaUow 12 Baker on a IoABOU STBIT E vessel stove. ZjSL|ANTBIBDPAP'E|~ ■*■* m i t 14 Preposition. PlipiE mTnded 16 Any flatfish. p:E D E EtITE fil A 17 Spider's home. * ANriC.P 15 Before Christ. 3S Animals of a of the uTs.A.? .* r . Itiven region. 60 Enriched. JJ RuXn'” 1 ' 35 TelegraphA VKRTICAL .36 To replace, mountains 41 Ta,Ksman * 2 Paid publicity 3S Sending out _ .. * 44 Algae. 3To warble. smoke. 36 I emigoddess 46 Sheaf. 4 Ratite birds. 40 To suffer of sale - 47 Before. 5 Globe. hunger. 27 Fifth month. 49 Close. STo cut grass. 42 Specks. 2S Transposed 50 Sky body. 7 Above. 4.7 Iniquity. (abbr.l. 51 Swarming. S Sour milk 45 Hill nymph. 29 Form of "he/* 63 him. beverage. 47 Prophet. 31 Golf teacher. 55 Two fives. 9 Half an em 4S i^vel. 32 Per. 56 Nutriment. 10 The pictured 50 Street. S3 Pictured man 58 Mover s truck. man taught at 51 Beer. is a of 59 The pictured Univer* 52 Ftnis. public law? man is sity last 54 Type measure. 371 am assistant* sec- winter? 56 Preposition, fcontractlon). retary of ■ 13 Important • 57 Toward.

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PORKER PRICES DROP DIME ON LIGHT DEMAND Steer Trade Slow, Liberal Supply on Hand; Sheep Lower. Porker prices slumped a dimt this morning at the Union Stockyards. the bulk, 160 to 235 pounds, selling for $455 to $460. A few were held for $465. Weights of 235 to 300 pounds brought $4 30 to $4 45; 300 pounds up, $3 90 to $4 15; 140 to 160 pounds. $390 to $4 15; 100 to 140 pounds, $2.75 to $3 65. Packing sows sold for $3 to $3 65. Receipts were 7,500. Holdovers were 243. A liberal supply of beef steers were on hand in the cattle market with the range slow in developing. The undertone was weak to lower, best kinds held around $7. The bulk were priced to sell from $5 to $6.50. Cows and heifers were steady, good heifers making the market at $5.25 to $6, others $350 to $5. Cows brought $2 75 to $3.50, odd head up to $4 Low cutters and cutters brought $1.25 to $2.50. Receipts were 2,000. Vealers were steady at $7 down. Calf receipts were 800. Lambs were 25 to 50 cents lower In the sheep market with a top price of SB. The bulk sold for $7 to $7 75. Culls and throwouts sold for $3 to $3.50. Receipts were 2,000. Early Rsking on hogs at Chicago remained firm with few scattered bids around 10 cents lower than Monday's average at $4.50 downward. Receipts were estimated at 21.000. including 5.000 direct; holdovers, 4.000. Cattle receipts were 9.000; ralves. 2.000; market unchanged to around 25 cents lower. Sheep receipts numbered 15,000: market mostly 25 cents lower.

HOGS A . u * .. .Bulk Tod. Receipts 8. *1 55*/ 4 60 *4 65 5 000 9. 4.50® 4 55 4 60 6 500 }?• ♦**';' * 2? • "5 5.500 11. 4 V) 'i 4 7a 4 75 7 500 \\- 0® 4 65 4 65 2 500 14. 4 60 3 465 4 70 5 000 15. 4.551/ 460 4.65 7 500 Market, lower. <l4O-1601 Good and choice * 3 90*5, 4.15 —Light Weights—-■l6o-1801 Good and choice.... 455 180-2001 Good and choice ... 4.55 - Medium Weights—--200-220/ Good and choice ... 460 1220-2501 Good and choice .. 4 45® 460 —Heavv Weights — 250-290/ Good and choice ... 4 30*5 440 /290-350/ Good and choice .. 4 00*5 430 —Packing Sows—<3so down) Good 3 40*5' 360 <350 ud' Good 3 25*5 350 • All weightsi medium 3 00® 340 —Slaughter Pigs—-'loo-1301 Good and choice... 2.75*5 325 CATTLE Receipts. 2.0OO; market, ateadr. <1 050-I.loo' Good and choice * 5.50*5 7.25 Common and medium 4.00*/ 550 (1.100-1.5001 Good and choice 5 50® 7 35 Common and medium 4 25® 5.50 —Heifers—-(sso-750/ Good and choice 5 00*5 6 25 Common and medium 3.25® 5.00 (750-900' Good and choice 4 50 ® 6 00 Common and medium 3.00® 4 59 —Cows— Good 3.35*5 4 00 Common and medium 2 50*/ 3 25 Low cutter and medium 1.50'® 2.50 —Bulls ivearllngs excluded' Good 'beef' 3 00*5 350 Cutter, common and medium.. 2.00® 3.00 VEALERS Receipts. KOO; market, steady. Good and choice * 6 no*? 7.00 Medium 4 50*5 600 Cull and common 3 00 ® 4 50 —Calves—-(2so-500) Good and choice 4 00® 5.50 Common and medium .. 2 00® 4.00 —Feeder and Stocker Cattle—-(soo-800/ Good and choice 4.50*5 5.75 Common and medium 3.00® 4 50 (800-1 500 > Good and choice 4 30*5 5.75 Common and medium 3.00® 4.30 SHEEP AND LAMBS Receipt*. 7.000; market, lower. —Lambs. Shorn Basis—'9o lbs. down' Good and choice *7 00*5 8.00 (90 lbs. down' com and med. 3.00®. 7.00 *—Ewes— Good and choice 1.50*5 2 75 Common and medium 50® 1.50 Other Livestock Rtj Time* .Special jw®*-® LOUISVILLE. Aug 15—Cattle—Receipts. 125 verv slow and barely stcadv at Monday's decline on grass steers and heifers: bulk salable. *3*/ 4.50. with finished fed kinds eligible to around S6: beef cows. 52 25*j 2.7a; bulls ouotaable. *3 down; low cut'ers and cutters, $1.25*/2: bulk native stockers. $4 down; light westerns to $5 or better Calves- Receipts. 390. strong active market on vealers: better grades Ss*/6: latter prlte paid mare freelv medi im and lower grades. $4.50 down. Hogs—Receipts. <.000: 10c lower: finished 180-250 Ins.. $4 60 250 lbs., up. $4 05: 140-185 ’br,. 53 75: 140 lbs. down. $2.05: sows. $2 75; stags. $1 70. Sheep—Receipts. 1.000; lambs mostly 25c lower: plain Kinds off more; bulk better truck lambs, *7®7.25: fewchoice to $7.30 or better: bucks rnostlv $6 '•/fi.so: immature light lambs. *3*/4: fat ewe*. sl/2 stock ewes, mostly *6®7.50. Receipts. Mondav. cattle. 878; calves. 908: hogs 1 407. she-p. 4.125. Shipments. Mondav. cattle. 61; calves. 668. hogs, 676 and sheep. 2,272. NEW YORK CASH GRAIN Hii United I’mn '.NEW YORK, Aug 14—Cash grain. Wheat—No. 2 red, 51 04 4' No 3 hard winter. SI.O8 s * Corn—No. 2 mixed. 51 s c. Oats No 3 white, 39',c. All quotes C. I F New York.

THE INDIANAPOLIS TIMES

Public May Benefit by NRA Internal Dispute

Better Protection Against Price Gouging Is Forecast. BY H. O. THOMPSON. United Pre* Staff Correspondent WASHINGTON. Aug. 15. Strengthened protection of the public against price gouging was predicted today as a result of the NRA internal dispute which led to resignation of Dr. William F. Ogburn, University of Chicago economist. from the consumers advisory board. The incident is not ended and fresh sensations may be expected. It appeared likely that a complete reorganization of the NRA's consumer protective agencies would be necessary. Development of an adequate reporting service to keep an accurate check,on the relation of prices to purchasing power was one of the reforms expected to result from Ogburn's rebellion against the board’s policies. He recommended also that each industrial code be required to provide for gathering of complete statistics regarding that business. Bureau Is Criticised In his letter of resignation, Ogburn criticised the handling of complaints through the advisory board's consumers' protective bureau, of which Mrs. Hugh S. Johnson, wife of the administrator, is the nominal chairman. This bureau is being organized in a spacious colonial house in the Georgetown section of Washington, several miles from NRA headquarters. The two-story yellow brick house was rented by Mrs. Mary Rumsey, chairman of the consumers board. Mrs. Rumsey, daughter of the late E. H. Harriman, has been living at a country estate outside the city and donated the Georgetown house for use of NRA activities. Accurate Records Needed Complaints of profiteering and other abuses under NRA codes have been received at the downtown headquarters and sent to Georgetown for further action. Mrs. Johnson and Emily Newell Blair, a member of the consumers’ board, are devising a plan to deal with them. To make such procedure effective. adequate statistical records are necessary and that emphasis in this work is now being placed on organization of proper statistical' agencies. Another NRA resignation occurred Monday when Dr. S. H. Nerlove, professor of business economics at the University of Chicago, retired as special adviser on the clothing industries. After one dav in Washington he found that the work would put him in the position of passing upon a report which he had prepared earlier in the summer for the clothing manufacturers’ association. He thought it would be unfair for all concerned for him to continue with the NRA.

Other Livestock Bv United Press n, ~00 ie, AUK iui 15 ~ HOgS~ Rccelots. Tow ikf. 7£ dl 3 000 Q J rcct - "fights oe- • Ofm. others and Hacking sows. 10c lower; 170-240 lbs.. 54.50{r4 6S' go* :i, 65 . ; 25°-750 lbs.. 83.60 % 4 a0: lio-16() ' li^ : . ? ,K ;* * 3 ''' 3.75: packing sows. *3<U3.60. light lights. 140-180 lbs., good and choice. 81.65% 4.50; light wcigms. lt>o-20u lbs . good and choice. $4 25% 4 65; medium ? e ‘^Rhts. aoo-250 lbs . good and choice. $4.45 " 4.65; heavy weights. 250-350 los iiooa *%? , c * lolcc - S3 60% 4 50; packing sov/s. 275opO lbs., medium and choice. *2.90% 3.60; slaughter ntti. 100-130 lbs., good anti rS?i°.wi - Cattle —Receipts. 9.000; - O<J , O - fed steers and venrlmgs steady to 15c lower strictly good and choice long yearlings and weighty steers holding ud inbetween grades steers and prßtlCillv all good light heiters and mixed vearltns showing decline; traue dtiuch slower than Monday, few weighty steers in run: about i.200 western grassers here, mostly killers; best but* on long yearlings ffrjy SL2a; weighty bullocks. *7: largely *5.75% b ,5; market with grassers at *4.75 „„? la .i lKh,er cattle ana vealers—Steers. x52'?PL lb£ - Eood and choice. *5.75% 7.25: 900-1100 lbs., goxi and choice. $5.75% 7 40 1100-1300 lbs . good and choice. *5 75% ~50; 1300-1500 lbs., good and choice $5 50 o, 7.50: 550-1300 lbs., common and medium *3% 5.75; heifers. 550-750 lbs., good and choice. *5 >/6.50; common and medium *2.50% 5; cows. good. *3 50% 4.75; common and medium. *2 40% 3,50; low cutter and cutter. *1.35%2.40: bulls, yearling excluded, good beef. $3 75% 4: cutter common and medium. *2.25%3.35: vealers. good and choice. *6.50%7.75; medium. $6% 6 50: cull and common. $4 %6. Stocker and feeder cattle—Steers. 500-1050 lbs., good and choice $4.50',i 5.50: common and medium. S3 ; 4.50. Sheets—Receipts. 15.000. opening slow indications around steady to 25c lower or $7.50% 7.75 on most natives; best held well above *8; nothing done on rangers; yearlings scarce, steady. Slaughter sheen and iambs—Lambs. 90 lbs. down, good and choice. *7% 8.25; common and medium. *4 % 7 25: ewes. 90-150 lbs., good and choice. 51.25%3; all weights, common and medium. *1 %2. PITTSBURGH. Aug. 15—Cattle—Receipts. 15: market, steady. Hogs—Receipts. 600: holdovers. 600; market, verv active, prime heavies. 240-300 Is . *4 50% 4 60: heavy mixed. 210-240 lbs. $4 901*5; mediums. 180-210 lbs.. 54.954i5.15: heavy Yorkers. *4 90% 5.15: light Yorkers. 120-145 lbs. *4.25% 4 50: pigs. 90-115 lbs.. *3% 3.50; roughs. *3.50 % 3.50. Sheen and lambs— Receipts. 1.500. market, slow, lower, lambs cood to choice. 90 lbs. down. 57.75%8; medium 90 lbs. down. 53%5: medium. 92 lbs. up. 85 50416.50: sheep, wethers, primes. *2 75%3 15; fair to good. medium to choice. *1%3.50 Calves—Receipts. 50: market, slow lower; vealers. godo. *6.75% 7; medium. 55.25116: heavy and thin *2.501*3.50 CLEVELAND. Aug. 15—Cattle—Receipts. 150; mostly cows and bulls making market, falrlv active and steady; prices on steers and heifers unchanged mostly, with common to choice steers ranging from *3 751 t 7 25. according to grades and weights, cows. $3 50% 4 and bulls. *2.50% 3.25 Calves— Receipts 350; market, generally 50c up; choice to prime. *BllB 50; choice to cood. *71?8: fair to good *6%7: common. $5. Sheep—Receipts. 1.100: market, slow and 25c lower, not many good lambs In run: choice spring lambs. *7.50%8 top; common and cull. S3 5. Hogs—Receipts. 900; market slow with prices steady to 10c higher: heavies. $4 85: choice and light butchers *4 85 choice. 150-180 lb oorkenv *4 60(74 85; thin and common hogs 100 lbs. up S4 60. pigs and roughs. *3 25% 3 50. EAST BUFFALO. Aug 15 -J-Fes—O" sa!e. 1 000: active: generally steady; bulk good 170 to ?50 lbs *5: 260-300 lbs. *4 50 % 4 65; lightweights and Dies mostly. *4if 4 50; packing sows. 3 25%4.. Cattle—Receiots. 25: mostly cows: fat cows, *3n3.50: bulls 53%3 25 Calves— Receipts. 75; active, steady; good to choice. *7 to mostly *7 50: metium. 5616 50: culls and common. *4% 6. Sheep—Receipts. slow, feeling on too and medium lambs 25c lower: goo dto cholc* lambs $8 25 %8 50 some held as high as *8 75 medium and bucks. *7 3 7.50: culls steadv. *6 down; good to choice ewes. *150% 2 50. TOLEDO Aug. 15—Hogs—Receipts. 200. market, steadv Cattle—Receip’s. 150; market, steady. Calves—Receipts. 100 market steadv Sheep and lambs— Receipts. light, market, steady. LAFAYETTE Aug 15 -Hogs—Marke. steadv to 15c lower: 200-250 lbs . *4 30 •: 4 45: 250-300 lbs. *4 10% 420 300-325 bs $3 90 150-200 lbs. s4<i4 40; 130-150 lbs. 13.50*13.75: 100-130 lbs. $2 50% 3: roughs. $3 25 down: top calves. *6: top lambs. $7. FT WAYNE. Aug 15—Hogs—Steady: 200-225 lbs *4 60 225-250 lbs *4 45; 250300 lbs . S4 25: 180-200 lbs *4 50 : 300-350 lbs *4. 150-160 lbs *4 10; 140-150 lbs. S3 85: 130-I*o lbs . *3 65; 100-130 lbs *3 10: roughs, *3 25; stags. *2: calves. *7: lambs. *7. Cattle steady and unchanged EAST ST LOUIS HI Aug 15 —Hogs— Receipts. 10 500 including 300 direct Market. mostly 5c lower: some sales 10c lower pigs and sows sharing loss. Top. *4 55; bulk. 170-230 Sbs .*4 45% 4.55 few 540-160 H-s *4 15% 440 1 50-170 lbs. *4 4 50: •20-140 lbs. *3 25% 3 75: 100-120 lbs. Pigs. *2 50% 2 35: sows mostly *3 15% 340 CaU)e —Receipts. 5 00%. Calves—Receipts 2 800 Market, not developed: Itttie interest shown in native s*eers and virtually none in westerns: strictly light weights fat heifers and early sales of western heifers steady: weighty native heifers rot moving: lower undertone on bulls: packers bidding lower on beef cows; indications steady on low cutters, vealers unchanged with top kinds. *6.75. A few light heifers sold at *6; several loads of westerns were *4 25_ Slaughter steers. 550-1.100 lbs . good and choice. 15 75% 7 common and medium. *3 25195 75 1 100-1.500 lbs choice. *6 50% 7 good *5 75% 650 medium. *4S .5 Sheep—Receipts. 3 000. Market, no early action: packers talking lower; generally asking steadv: holding desirable lamb* around *7 50 and above: indications steady on throwouts and sheep Lambs 90 lbs down, good and choice. *6 7Sag; common and medium. *3 50<a6 7S: yearling wethers. 909110 iba.. good and choice. *1509 3 75. SU wflgh’f GOBUSOO q-e.-l —r j

Chicago Stocks By Abbott. Hoppln to Cos. ———

—Aug 14— 'Total Sales 34.000 Sharp*). High. Low. Cloap. Adams Mfg 10 Adams Royalty ... 2N Asbestos Mfg 10‘. 9' 10'. As<oc Telephone Util .. ’a Berghoff 13*. 13 4 17 N Sinks Mfg 2’ 2 2 Brach to Sons B’. Brown Fence to Wire B .. 3 E L Bruce Cos 23S 214 224 Butler Bros 4 s , 4N 4S Cent n: Pub Serv pfd 27 5 . 27>i 274 Cent Ir.d Power pfd 10 Cent to So West . 2’. 2'. 24 Cent to So West pfd IS*. IS*. 15', Cent to So West P L pfd ... 19 Chicago Corp Com 3‘* 2*. 34 Chicago Corp ofd .. 26 Cities Service 3'. 33 Construct Materials pfd 3'. 33 Consumers * Consumers 8", pr pfd s’a Consumers 7"<- pfd 3'. Crar.e Cos pfd ... 4 < De Mets. Inc . pfnee 154 Dexter Cos 64 6'a 64 Goldblatt Bros 23'a 23 23'. Great Lakes Aircraft.. ... T . Great Lakes Dredge .144 14 14 Greyhound Corp * Grigsbv-Grunow ... 2*. 2N 2 s . Kalamazoo Stove 24 23 23 Ken Rad Tube to Lamp . ... 2'a Libbv-McNeil . 5 Lvnch Corp 27 5 . 38’a 26'a Marshall Field 13’a 13'-. 134 Mickelberrv's Food Pro 4 ! . 4 4 Middle W’est Utlltties.. 'a H *a Mid West Util 6'r pfd. 21. 2 2 National Leather I s . National Standard ... 20 National Union Radio.. .. ... l’ Koblitt Sparks Ind Inc .. ... 25 Northwest Bancorpora. .. ... 7 4 Northwest Engineering. .. ... 6 Perfect Circle 24 Pines Winterfront 2 s , Potter Cos 2*. Pnma Cos 26 1 a 26 36 Public Ser 64 pfd ... 68 Quaker Oats pfd 116 115'a 115'a Raytheon VTC 2 s . Seaboard Utilities Sh s . So Colo Power A 3 s * 34 34 Studebaker Mail A ... - Swift to Cos 18 l * 17 s , 18 ! * Swift International ... 24 22'a 23 U S Radio to Tel 15 14‘a 15 Utah Radio I s , Utility & Ind I s , Utility At Ind pfd 4'a 4*4 4'a Vortex Cup Cos B'a 8 8 Walgreen Cos com 16 s , Ward Montgomery A 75 Wveboldt Stores 10 Wisconsin Bar.kshare# 4’* Yates Machine l’ l s ' 14 Zenith Radio 2‘.

Foreign Exchange

(By Abbott. Hoppln to Cos.) —Aug. 14Close. Sterling. England $4 45'. Franc. France 0526 s , Lira, Italy 0707‘a Belgas, Belgium 1891 Mark. Germany 3215 Guilder. Holland 5430 Peseta, Spain 1128 Krone. Norway 2250 Krone. Denmark 1995 New York Curb (By Abbott. Hoppln to Cos.) —Aug. 14— Close ' Close Alum Cos of Am 72 Irving Airchute 64 Am Bov .. 2 s * Inti Petrol 16 s , A Cts PAcLt s 3 s , Lake Sh Mines.. 42 Am Chan /B' 12 s , Mount Prod 5 Am Gas At El 33 s . Natl Bellas Hess 2 s , Am Sup Pa r 4 s * Nlag Hud Pwr 9 s , Ark NrlPwr /A) I s , Pan-Am Airways 51 Asso Gas iAt.. I s . Parker Rstprf . 60*1 Atlas Ut Crp 13 r * Pennroad 44 Braz Tr to tv 13’. Pioneer G Mines 12', Con Marc 2 s , St Regis Paper s‘, Cent Sts El 2 s * Salt Creek Prod 6 s . Cities Serv 3' S'd Oil of Ind.. 29 5 . Com Edison ... 62’, Std Oil of Kv... 16 s , Cord ll'.StuU 14*. Eisler Elec ... l'. United Founders 2 El Bond to Sh 24' , United Gas 4 Ford of Eng s>, Un Lt At Pwr A.. s>fc Ford Mot Can 14‘, United Verd~ .. 4'. Hudson Bav M 94 Wri Hargraves.. Bs.8 s . Imperial Oil .. 13'. Liberty Bonds B;i United Prens NEW YORK. Aug. 14.—Closing Liberty bonds: (Decimals represent 32d5.) Liberty 3'js '32-471 103.18 Liberty first 44s '32-47' 101 23 Liberty fourth 4's /33-38) 102 18 Treasury 44s 147-52) 110.14 Treasury 4s (44-54 > 106.14 Treasury 3 s S <46-561 104.25 Treasury 34s < 43-471 102 4 Treasury 3 s .s ' 41-43). March 101.24 Treasury 34s '4O-43'. June 101.26 Treasury 34s '46-45 99 27 Treasury 3s <sl -5" i 98.14

Investment Trust Shares

(By Abbott, Hoppln Ac Cos.) —Aug. 14— Bid. Ask American Bank Btocks Corp. 115 1.25 American Founders Corp 575 8.75 American At General Sec ‘ - A'' 3.25 340 Basic Industry Shares .72 80 British Type Inv Tr 8h 465 500 Corporate Trust Shares <oldi 233 237 Corporate Trust Shares (new) 4.05 4.15 Cumulative Trust Shares 625 Diversified Trust Shares "A”. 7.87 8.25 Diverisfled Trust Shares "B". 313 3.38 Diversified Trust Shares “C”. 5.10 520 Diversified Trust Shares D". 1.70 1.80 First Insurance Stock Corp.. 860 .... Fixed Trust OH Shares "A" 4.12 .... Fixed Trust Oil Shares ’B". 415 Fundamental Trust Sh “A" 4.02 .... Fundamental Trust Shares B 6.15 Low Priced Shares 3 50 3 60 Mass Inves Trust Shares 1.83 .... Nation Wide Securities 243 247 North Amer Trust Sh '55-'56 300 3.10 Std Amer Trust Shares .... 475 500 Trust Shares of America. .. 4.00 450 Trustee Std Oil ".V. 14.50 15 00 Trustee Std Oil ’ B” 2 65 2 75 U S Electric Light At Pow A 294 300 Universal Trust Shares 17.87 18.25 RAW SUGAR PRICES —Aug. 14High. Low. Close. January 1.43 1 38 1.40 Mav 1.54 1 50 1 51 July 1 60 1.55 1 56 September 1.36 1 29 1.29 December 1.42 1.37 1 38 Insurance Agent Promoted Announcement of the promotion of James F. West from agent to superintendent in the Indianapolis district of the Western and Southern Life Insurance Company, was made here today.

- THIS CURIOUS WORLD -

IN FLQPIOA, (S TWE LAOGEST SPRING IN TME WORLD, AND IS NAVIGABLE BY STEAMERS THAT COME UP THE OCKLAWAHA R ' VER - _ HeZa/eH-Md/iQ. /wope AioNGy and Jr IS SPEMT BY UNCLE SA/A IN HIS / iir FINGEA. ON INSECTS THAN S SPENT ON K jj • Rings arc THE MAiMTAJNANCE OH THE FI U AADB FROM UWr/EO Ld/ A SINGLE

The water in Silver spring is so transparent that a coin on the bottom, eighty feet deep, is clearly visible. Uncle Sam spends about one billion dollars annually for insect poison. In one year close to forty million pounds of calcium arsenate is used to fight the boll weeviL 1 Next: What is the world’s oldest living thing?

STOCKS SHOW. UNEVEN TONE .IN DOJI' TRADE Gold Issues Firm: Wet List Mixed in Narrow Range.

Average Stock Prices

Average price of thlrtv industrials for Friday was 98 68 high 96 28 low and 97 47 close off .11 Average of twenty rails was 50.14 high 48 66 low and 49 27 close off 02 Average of twrr.tv utilities was 31 75 high. 31 03 low. snd 31 34 close off 16 Average of forty bonds was 88 15. off .04. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Aug. 15—Stocks continued dull at the opening today on the New York Stock Exchange. Prices moved irregularly in a narrow range. Gold mining issues with the exception of Homestake were firm. Homestake lost 2 points to 261 after its rise of 18 points in the previous session. Alaska Juneau firmed up to 274. up -4 on 1.000 shares: McIntyre Porcupine 334, up •%; Dome Mines 31V up 4. Nor an da was unchanged at 31 I *. Wet stocks were mixed in a narrow range. American Commercial Alcohol was at 55 V up 4: U. S. Inmcdustrial Alcohol 704, up 4; National Distillers 90, off 4; Standard brands 274 up 4; Commercial Solvents 36. off 4. Steel common opened at 524, up 4 and was dull in the early trading. American Telephone firmed up to 1264, while Allied Chemical was at 1294, unchanged; Consolidated Gas 49, off 4; Atchison 604, unchanged; General Motors 304. up 4; Chrysler, ex-dividend. 374; Auburn Auto, 57, off 4: Woolworth. 424, up and Anaconda 164, unchanged.

Bank Clearings

INDIANAPOLIS STATEMENT —Aug. 14— Clearing* *1.551 000 00 Debits 4.087.000.00 TREASURY STATEMENT v —Aug 15Net balance for Aug 12. $757,634.198 75 Int Rev Reels, for dav 1 879 905.16 Customs reels., mo. to date.. 13 046.091.48

In the Cotton Markets

—Aug. 14— CHICAGO High. Low Close. January 965 950 950 March 9.75 9 60 9 60 Mav 988 978 9.78 October 9 38 9 12 9 12 December 9 60 9 38 9 40 NEW YORK January 9 58 9.35 9.35 March 9 75 9 51 9 51 Mav 9 89 9 62 9 62 July 9 99 9 75 9.75 October 9 39 9 10 9 10 December 9 58 9 31 9 31 NEW ORLEANS January 9.60 9 31 9 31 March 9 77 9 47 9 47 Mav 9 88 9.63 9 63 July 9 37 9 78 9.78 October 9 30 9 04 9 05 December 9.53 9 26 9 26 RAILROAD RATE WINNER Federal Court Holds Evansville Switching Price Too Low. A ruling enjoining the public service commission from forcing the C. & E. I. Railroad to maintain a $3.60 switching rate in Evansville has been announced In federal court The decision, handed down by a three-judge federal court, held that a $3.60 rate was confiscatory. The railroad company had contended a $6.30 rate was more compatible. NEW YORK COFFEE RANGE —Aug. 14— RIO High. Low Close Januwry 5 81 March 6 00 5 90 5 90 Mav 6 05 5.99 5 99 July 6.05 September 5.63 557 557 December 5 90 5 80 5.80 SANTOS January 8 07 March 8 15 8 10 8 12 May 8 24 8 19 8 19 July 830 825 8.25 September 7.95 784 7.84 December 8.06 CHICAGO FRI-rr MARKET By United Prrtm CHICAGO. Aug 15.—Apples—Michigan Duchess, bushel. 90c%*1.15. Illinois and Michigan, bushel. *1%125. Illinois Malden Blush. *l® 1.25. Blueberries- Michigan. $2% 2.25. Pears—Michigan, bushel. *1.25% 160 Canteloupes—lndiana. 46%60c; dais. 25%35c; Michigan. 250%*l 25 Carrots—lllinois. 1%2c. Fggplant Illinois. *1 i 125. Spinach—lllinois. 50% 75c. Cucumbers—Michigan. 50% 85c Illinois, 35% 50c. Beans—Michigan. 40% 50c. Beets Illinois. I%l'jC. Cabbage Wisconsin. *1.50% 1.75. Celerv Michigan 40% 50c; fla's. 50%’ 65c: squares. 75c -j *1 25 Peppers—lllinois. 50% 75c. Michigan. 75c %S1 Peaches—lllinois, bushel. *1.25%2 25 Indiana, bushel. 1.25%2.50 Tomatoes— Illinois. 20% 35c. Michigan. 15® 25c Onion market: California Yellows, *1%1.25; whites. *125% 135 Illinois Yellows, bustle!. 85% 90c. lowa Yellows, bushel. 85 % 90c.

INDIANA STOCKS AND BONDS

Th* following quots' ions do not reprf*nt actual bids or offering* but mere!, indicate the aoproxtma’e mirk.- >ve! based on buying snd wllint: inquiries or recent transaction* —Aug IS Bid Ask Belt Rail to Stock Yard* com 27‘j 32 On- Ind Pwr pfd 7', 9 12 ' Citizens Gas com ... 14 n Citizens Gas Cos pfd f t 6J *7 Citizens Gas com 14 17 Citizen* Gas Cos pfd 5 , . 63 67 Home T A T Ft Wavne pfd 7'> 36 40 Ind to Mich Elec Cos pfd 7-, . 68 72 Ind Gen Service Cos pfd S'. . 65 69 Ind Hrdro Elec Cos 7'. 25 29 Indpls Gas Cos com 40 44 Indpls Pwr to Lt pfd 6-v .61 65 Indpls Pwr to Lt ofd 644 85 69 No Ind Pub Ser' Cos pfd 6 33 37 No Ind Pub Sen Cos pfd 54 <%■ 32 36 No Ind Pub Serv Cos pfd 74'. 36 40 Indpls Water Cos pfd 54.. 89 93 Ind Pub Serv Cos L. 35 4 39 4 Public Serv Cos of Ind pfd 6'. 14 17 Public Serv Cos of Ind pfd 7 4 . 34 38 South Ind Gas to FI Pfd 6'r 58 62 Terre Haute Elec pfd 6% ... 34 38 • BONDS Belt R R A: Stkyds Ss 1939 88 92 Citizens Gas Cos 5s 1942 86 99 Home T to W 54s 1955 97 100 Home T to T W 6s 1943 98 102 Indpls Gas Cos 5s 1952 71 74 Indpls Rvs Inc 1967 .. 29 32 Indpls Wa;er Cos 44* 1940 98 4 100 4 Indpls Water Cos 5s 1960 93 97 Indpls Water Cos 5s 1970 924 964 Indpls Water Cos 54s 1953 .... 100 103 Indpls Water Cos 54* 1954 100 103 Kokomo Wat Works 5s 1958 ..79 *3 luifavette Tel Cos 5s 1957. .. 83 87 Muncie Water Works 5s 1939 924 964 Richmond Water Works 1957 844 8* Terre Haute Wat Wk 5* 1956 84 88 Terre Haute Wat Wk 6s 1949 93 ’ 97 4 Traction Terminal Cos 5s 1957 45 49

Bright Spots

By United Press Dun Bradstreet. Inc. reports business failures in week ended Aug. 10 numbered 349. against 650 in corresponding 1932 week. General Motors Corporation reports its July export sales from United States and Canada showed an increase of 1% per cent over July last year.

Produce Markets

Delivered In Indianapolis prices: Hons, heavy creeds over 44 lbs 10c: Leghorns. 7c. Broilers: Colored springers 14 lbs up. 11c; springers 1 Leghorn 1, 14 lbs. up 9c; barebacks. 6c: cocks and stags, 6c: Leghorn cocks and Leghorn stags. *c. Ducks, large white, full teatnerea and fat. over 4 lbs. 4c; small and colored. 3c Geese, full feathered and fat. 3c. Young guinea*. 2Pc: old guineas. 15c. Eggs—No 1 fresh country run eggs. 10c Each full egg case muse weigh 55 lbs gross: a deduction of 10c per lb. for each lb. under 5* lbs gross will be marie Butter—No. 1 24®25r. No. 2. 23c. Butterfat—l6c. Quoted bv tha Wadley Company. BY UNITED PRESS CHICAGO. Aug 15. Eggs- Market, unsettled: prices unchanged to 4c lower, receipts, 10.681 cases: extra firsts. 124 '■ 13c; first*. 12*/124r. current receipts. 104" 114 c; dirties. 94c. Butter Market, steady, prices unchanged to 4c higher, receipts. 13.398 tubs; specials 19’.'•/ 19 s ,c; extras. 18 s ,c; extra firsts. 174® 18c; firsts. 164*t17c. seconds. 154 "16c. standards. 184 c Poultry—Market steady; receipts. 43 trucks; fowls. 104® 114 c: Leghorns broilers. 10c; Leghorns Bc. durkr 7'//04r. geese. B*i9c; turkeys. 10'" 11c roosters. 7c. broilers 111/14c. Cheese—Twins. 12*/ 12c; Longhorns. I2',</12 s ,c Potatoes On track. 173: arrivals 42. shipments 210; market steady to slightly weaker: Long Island sacked cobblers. *2 80® 2 85; Wisconsin sacked round whites. $2 10',/2.35 Nebraska sacked cobblers. $2 60*; 275 Idaho sacked Triumphs $2.65® 2 80. Russets. *3 15. CLEVELAND. Aug 15 Butter Market, steady Extras. 2l s ,c per lb. in tubs: standards, 22 s ,c per lb., in tubs Eggs Market steady. Extras. 164 c: current re. rripts. 114 c: extra firsts. 12c. Poultry Market firm. Heavy low!. !3c; leghorn fowl. 9c; heavy broilers 14*/16c leghorn broilers, lie, ducks. 8'ylOc: old roosters. Bc. Potatoes Long Islard. New Jersey and Pennsylvania, united States No. 1. cobblers. $2 75 per 100-lb. sack.

Indianapolis Cash Grain

—Aug. 14— The bids for car lots of grain at the call of the Indianapolis Board of Trade f. o. b shipping point, basis 414 New York rate, were: Wheat —Weak No. 1 red. 80*/82e. No. 2 red, 78'<i 80c; No. 2 hard. 78*/80c Corn—Weak: No. 2 white. 44*/ 45c: No. 3 white. 43® 44c: No 2 yellow , 43'" 44c No. 3 yellow. 42®43c; No. 2 mixed. 42® 43c; No 3 mixed, 41®42c. Oats—Weak No 2 white. 30®31c: No 3 white. 29® 30c Hay—Steady, (f o. b country points taking 234 c or less rates to Cincinnati or Louisville/ No 1 timothy. *5.50*/6. No. 2 timothy. *s® 5 50 —lnspections Wheat—No. 1 red. 4 cars No 2 red. 4 cars: No. 3 red. 1 car: No 2 hard 2 cars; No 2 mixed. 3 car*. Total. 14 cars. Corn—No 2 white. 3 cars; No 3 white 1 ear; No 2 yellow. 18 cars. No 3 veliow. It cars; No 4 yellow. 3 cars; No. 5 veliow 1 car; No. 2 mixed. 1 car; No. 4 mixed 1 car Total. 39 rars. Oats—No 2 white, 2 cars; No 3 white. 8 cars; sample white, 2 cars. Total. 12 cars. Rye—No. 2. 1 car. Total. 1 car.

PEGGED GRAIN PRICES DUE TO EXPIRE TODAY Minimum Levels to Be Abandoned; Daily Range to Stay. By United Prrct CHICAGO, Aug. 15.—The association of grain merchants on the Chicago Board of Trade adopted a resolution Monday night concurring in the action of the board of directors of the grain mart in deciding to remove minimum price levels now tn effect. The board of directors set Aug. 15 as the date on which the minimum price levels would be withdrawn and the commission men's action after a secret meeting Monday was interpreted as indorsing this proposed withdrawal. The minimum price level is in effect until the close of business today and a special meeting of the board of directors has been called thereafter. The resolution adopted by the grain merchants themselves said: “We concur in the action of the Board of Trade directors In rescinding the fixed price limits set as of July 31.” The resolution also set out that the grain men felt the restrictions had been a "detriment to the trade, disrupting the market and resulting In the farmer being unable to dispose of his grain.” As the directors’ program now stands the minimum price levels will be abandoned after today but the limitations on daily fluctuations will continue in effect. These permit ranges only of from 3 to 5 cents up or down daily on the various grains. Births Girl, v'l- J* nd 2531 Union. Stf-nk and Chrlatma Stevens n South lucky* I*™ 1 *™ * nd L11I:an Rlh rd*. H 45 KenRarfdolph.* 5 MSre,m W,;l,ee ’ Korth hospital** * nd Al °* Benne!t * Methodist Lowell and Ailene Rhodehamel. M*thoulSt nOSDitll Harold and Josephine Wright. Me’Jiodm hospital. Edward and Lueiie DeVat*. Methodist nOlDittl, John and Dorothy Seifert. Methodist hospital. Wayne and Marie Williams. M-tbodiat hospital. Beys Price and Vera Hawkins. 2841 South Pennsylvania. Rot and Marv Brown 1626 Roosevelt. James and Martha Lawler. Methodist DOIDIUI. Irwin and Mary Schafer. Methodist hospital. Gregory and Domntca Dale. Methodist hospital. Arthur and Hilda Eubank. Methodist hospital Curt and Henrietta Stremoel. Methodist hospital. Theodore and Marjorie Jones Methodist hospital. Deaths Marv Belle Eraser 65. 1511 East Washington. myocarditis. * Theresa Baugh 17. 2301 Conrad malnutrition. John T. White 58 Veterans’ hospital, pulmonary tuberculosis Dora Fllmore. 16 234 Good, cirrhosis of liver Ernest Julius Johnson. 67. Methodist hospital. broncho pneumonia. Marv Mentlow. 68 1205 North Hiawatha, chronic myocarditis Rot H Cooper 37. 23 North Holmes, chronic myocarditis.

PAGE 13

PRICES IN GRAIN MART HOLD TO PEGGED LEVELS Liberal Offerings, With Few Sales. Feature Session. BY HAROLD E. RAINVILLE Iniled Press Staff Correspondent CHICAGO, Aug. 15.—Minimum levels remained the maximum levels as the Board of Trade opened today with ail grain and provision prices unchanged from the levels set last Saturday. It was another fitful trade with liberal offerings but only a few sales September wheat. May corn and September and May oats were untraded at the start. Stocks Have No Effect Firmness in stocks had no effect. The delayed opening at Winnipeg, where members devoted the first half hour of the session to discussion of action to be taken in view of the situation here, attracted most attention. Strong cables also were ignored. Traders in all grains generally are looking for a repetition of Monday’s session with trading it a standstill pending the abolition of the pegged levels that have been in rffect since July 31. All cereals and provisions were offered at the close Monday at the minimum levels without attracting buyers. May Change Decision The Association of Grain Merchants approved the action of the Board of Trade directors in ordering the artificial bottoms removed at the conclusion of today's session. The directors meet again today and may change their decision, however. Liverpool opened sharply lower but rallied by mid-morning for gains of 'z to 4 pence, equal to ’ to 'i cent in American money, due to a drop in sterling. There was no reason given for the late strength. Winnipeg reported scattered showers overnight and dust storms in Alberta and Saskatchewan.

Winnipeg Pegs Prices Bit I'nited Prcna WINNIPEG. Aug. 15.-The board of directors of the Winnipeg Grain Exchange today decided to fix a minimum price at which grains can be sold at Monday night's closing figures. On wheat the minimum price is October 70** to 70', cents; December 71 * to 71 \ cents; May 76', to 76' 2 cents. Chicago Primary Receipts —Aug. 14— r _ Last ££n at ’ 1 147 000 1.226.000 Chicago Futures Range wheatSeptember ° 9 D 3 '“ ! n ’ L g c ‘°f December .WW:.*;:; jlaj ”i* Mav qq-: COHN * 99 " * w ■ SSSSKf .7.7:;:;.v : i!S • :ift :ift September 39®, 39*; .39®, December 40V, 40'* to', •*4 , ' .44’! September 68 . 68 . 68 December 73®, ftiw BARLEY- 80 September 54 .53 53 December .. .* 5714 .5714 571/ May .62 .63 >4 .6214 TOLEDO CASH GRAIN By t nited Preen TOLEDO. Aug 14 -Cash grain cloae: Grain in elevator,, transit billing Wheat -No 2 red. 92% 93c: No 1 red l’io premium. Corn- No. 2 veilow. 54‘j :BssVke. Oats--No 2 white, 40% 41c Rye -No 2. Tilt7sc. Track price, 28'jc rate. WheatNo 1 red. 87% 88c No 2 red. 86®87c. Corn -No 2 yellow. 50% 51c; No 3 veilow 49% 50c Oats No 2 white. 36%38’ 5 c: No. 3 white, 33%38c Toledo se rdelose; Clover —Cash. *8 50: October *8 75A Alalke—rash. *8 75 August. *9B Toledo produc# close Butter—Fancy creamery. 25c. Egg* -Extras. 14&14’ a c. Hay—Timothy, per cwt.. 70c. CHICAGO CASH GRAIN By C nited Preen CHICAOO. Aug 14 —Cash grain close; Wheat- No. 2 red. 85 , J %87c; No I hard, 87']C; No. 1 mixed 87c; No. 2 mixed, 86'jc; No 2 northern, 86c Com—No. 2 mixed, 48®,c: No 1 yellow. 49',c; No. 3 yellow. 48' j % 49' jc; No 3 yellow. 48,i 49e; No. 4 yellow. 47®,%48c: No. 5 yellow. 47c; No. 6 veilow. 46c No 2 white. M)', 51c: No 2 white. 34%34'jc; No. 3 white. 31®,%34c. No. 4 white. 32',c: sample grade. 25c Rve No sales. Bariev—3B®64c. Timothy—B4 50%4 90 ST. LOUIS CASH GRAIN By Untt‘ and Preen BT. LOUTS. Aug 14—Cash grain - Wheat —ln limited demand; No. 2 red garlicky, 87';%88c bid 90%91'jc. asked, simple red garlicky. SSc: No 2 hard. 87e. bid; 90c asked Com In slow demand, unchanged; No. 2 veilow. 50',% 51c No. 3 yellow, tS’-jC Oats—ln slow demand, unchanged. No. 2 white. 36c INDIANAFOUR WAGON WHEAT City grain elevator* are paving 75 centa for No 2 soft red wheat. Otner grades on their merits PEANUTS MAKE FORTUNE Missouri Man Builds $60,000 Estate in 25 Years. AURORA, Mo., Aug. 15.—For twenty-five years, Billy Job sold his peanuts and popcorn in front of the People's bank here. He retired recently with an estimated $60,000 in the bank.

KI V YOUR SERVICE 30TH & C ENTRAL SALES TA 5550

An Important Question How much would your fanu’7 need each month, while you Were away on a vacation, to keep going? We can supply that amount permanently. Ward H. Hackleman And Mia*>'hii„lli Mmual I.lf, In*. Cos. 300 Continental Hank Bldg.

FOR CONSERVATIVE INVESTORS WE OFFER FEDERAL LAND BANK BONDS. X. P. Burke 6c Cos. Incorporated SUITE 222 C IRCLE TOWER Phone Riley $536

LOANS AT REASONABLE RATES FOR ALL WORTHY PURPOSES The Indianapolis Morris Plan Company Delaware and Ohio Bta. SI. ISSS