Indianapolis Times, Volume 45, Number 88, Indianapolis, Marion County, 22 August 1933 — Page 13

•ft-UG. 22. 1933

Wall Street New Stock Exchange Rulings Would Work to Advantage of Brokers and Investors Alike. By RALPH HENDERSHOT Time* Special financial Writer

The new rulings which are said to be under consideration for the New Vork Stock Exchange, segregating members into four different and distinct branches of business, should work out to the advantage of members and investors alike. The fact that commission houses would not be permitted to do any underwriting business is particularly helpful. A commission house doing business directly with the public acts in tin advisory capacity, its customers' men and partners providing informa-

tson on securities and making suggestions as to purchases and sales. * It ran not be expected to perform such services In an unbiased manner if it has securities of its own to sell. In that respect it is in much the same position as the bank with a security selling affiliate. It stands to reason that a house is more likely to advise clients to buy stocks on which it gets 3 or 4 points commission in the case of underwritings than to make purchases from the "big board” list on which it collects but about % of a point a share In commissions. That accounts for the many times clients have been loaded up with new securities to their disadvantage. From a general standpoint it is likely to prove wise for members to specialize in one of the four branches of the brokerage business. In fact, many houses already have decided on their own accord to limit their activities to one line in order that they may do a better job and at the same time gain greater conlidence from their customers Specialists have been

Halph Hendershot

inclined to abuse their positions in the past, especially where they also have conducted a commission business. As specialists they have full knowledge of the buying and selling orders in their respective stocks. Invariably they are invited to participate in pool operations in such stocks, and on occasion they actually have run pools in their stocks. a a a a a a Running pools involves taking positions in the market themselves, and wh>>n the market goes against them they are prone to get clients to take stocks off their hands. And when they have accumulated big profits through pool operations it is convenient to have customers upon whom to unload their holdings without disturbing market prices. Important banking houses, such as J. P. Morgan <fc Cos., would be affected by the new rulings. It would be obliged to stick to a straight wholesale underwriting business. "Favored lusts'' would be out, for that would constitute retail distribution, and it would not be able to accept commission accounts. Brokerage houses sounded out on the proposals were highly in favor of the plans. Some of them took the position that it would mean more business for them.

New York Stocks • 1 ißt Abbott. Hoppln A Cos l ————————

—Aug. 22 011 10 30 Prey. High. Low. E D.T. close. An.rrarta AM Mftr 28% 28% 28’. 27% B.irnfdali . ... . 8. Consol Oil 12% 12 . Con, of Del 18*. 16. Houston I new I. .. . . . . S'j Houston loldi .... ... 28'. 28 Mid font Pet 12% 12 Ohio Oil 18‘ 1J; Pet Coro . • 12% Phillips Pet ... 14% HM I*% 1 Purr Oil 9% 9 * Rnval Hutch 31'* Sbd Oil 27% 3• Shell Union *. . *% Simms Pet. 10 Skellev Oil 7 , Bo< Vac . . 13 12 • S O of Cal ... 37’. 37% S O of Kan. 20% S O of N J 38'a 38-'. Texas Corn 24% 34 . Tidewater Oil . ... % • Tidewater Assn Vn OH of Cal 19’a >9 • steels— .. Am Roll Mills 34 Belli Steel Ww J"** Biers AM J 3 • Col Purl At Iron 7 Cruc Steel 2” * McKeesport Tin ”®. Natl Ste-1 , Ren Iron .V Stel .. ... ... *• Ren In A- Stl pfd ;• U S Smelt 84 3 Canadlum ... U S Pipe * Fdv *■; tl S Steel 54% M '4 M a IT S Steel pfd 9fi Younestn SAtT.. ... ••• 28. B'l*— an an Atchi'On 81 4 3 At I Cat Line 46 j B .V O ?! Ch St Ohio 47 CM* t P 9 CM A St P pfd 14a 14 Chi N w I>% Cht R Isl 7 lSela At Hud ‘3** Erie 22*4 Ort Northern .. .. ... • 26% 111 Central *2% 41 a Lou St Nash *3 MKSt T . . • , I2’a Mu Par pfd 9% 9% 9% 8% N Y Cent 42 <* 46* a N Y Chi A St L - NYCA- St L p 28% 28% 28‘a 28 N Y New Haien 26*. N Y Ont A- Wes 12% Nor Par 27% Penn R R 35 35% Reading ■ . J 7 Sou Par 29% 28 . Sou U R 29% 29* , 29% 29% -Sou R R pfd 39% Union Pac , .. ... ... 128 * a Woha'h .. .. ... 4% 4% W Maryland 12% Mntora — Auburn 59 59 Ch ysler . . . 42% 42% 42% 42% Gen Motors .. . 31% 31% 31% 31% Graham Mot . . . 4 Hudson 12% 12% Hupp 5% 5 % Mack Truck .... . . 37 36% Nash 23 23* a Packard 5 5% Reo 4*a 4* a S'udebaker 5% S% Yelloa Truck 5% Motor Arcesa— Bcndix 17*a 1* Bohn Alum ... 48 45% B<i:g Warner 19* a 20% Briggs 11 11% Budn Wheel .... ... 3% Eaton Mfg .. .. ... 13% 13% Elec Auto Lite 19% 19% Houd Hershey 4% Mullins Mfg ... ... 6% Murray Bodv .... ... ... 8% Stew Warner .. . ... ... 8% Timken Rol ... 30% 31% Mining— Alaska Jun ... 27% 27% Am Smelt ... .. 35% Anaeonda 17% 17% Cal A- Hecla 6% Cerro De Pasco. .. ... 34 34 Gt Nor Or# ... ... 12% Hemestake Mtn f255 Howe Sound 23*. Ins Copper ... 5% In' Nir el 19% Kennecott Cop 20% 21 Noranda Cop 32% Phelps Dodge 13% 15% Tobaceoi— Am Snuff 47 Am Tobacco B 89% 89 Lice A Mvera B 94% 94 Lonllard 21% 21% Reynolds Tob B. .. ... 49' 49% I qaipmrnta— Allis Chalmcra 19% 19% Am Car A Fdv 30% 30 Am Loco 31 Am Mach A Fdv .. ... ... 17% Am Steel Fdy . 31 Bal.l Loco . 13% 13*4 13% 13*. Burroughs ... 17% Case J 1 73% Cater Tract 22% * 22% Col Palm Peet . .. ... ... 18 Congoleum ... ... ... 22* Elec Stor Bar 44% Foster Wheeler .. ... ... 17% Gen Am Tk Car 36*a Gen Flee 24% 24*. Gen R R Sic 41% Irtgsol Rand ... ... 83% 63% Int Bus Marh ... 148 Int Harvester 38 Kelvinator 11 Natl Ca*h Reg 19 18% Proc St Gamble 41% Pullman Ir.c 51 % 51% Simmons Bed ... 28% On Eliott 34% West A# B 30*. West inch Elee 44 43% j Worthington Pan 28% Utilities — Am A For Pwr 12% 12, ! Am Poster A Lit . ... 12% 12% A T A T 128% 127*. , Am Wat Wks 28% Brook Un Gaa . 77% . . Col Oas Jt Elee 19!. Col OAK Pfd 75% i Com A Sou 3% 3% Consol Oas 49 Elee Pr A Lit 9 9 E P A L ofd 30 Int T * T 18 i Lou O St E A 19% j Nat Pwr A Lit 1’ % North Amer 23% 23% Pac GA E * 28*4 i Pu Serv N J *l% 1 So Cal Edison .. 31 I Std Oas 15% 15*. Std Gas Pfd .. .. ... 16% United Coro 8% Xtn Gas Imn 19% 19% Ut Pwr A Lit A 5 Western Union 67% 66%: Rubber*— Firestone .... . .. . .. 25 % ! Goodrich 18% 16% | Goodyear ..... .. ... 39% 39% j V s Rubber , 18% 1# U S Rub old 31% , Kel Soring 4% 4% Amaaenaenti — Po* Film •• ... .. 16% Loews Ine 31 % 33% | Radio Cora 8% RKO 3% 3% Warner Brae t 8% 8% r*4d*— ' , Am Sugar 64 ! Armour A 5% | Beatrice Cream. .. 18S Borden Prod 30% 30% ! Cal Pkcktn* 28 Canada Dry O A 21% 31% 31% 31% Coca Cola .. . . 95% Cona Bak A ! ! Corn Prod *9% 89% j Crm of Wheat 31% 31% j Gen Pood* 34% I Gold Dut 22 22 ! O w Sugar 35% 35% , Natl Biscuit 5 55% Natl D Prod ... 20% I Puruy Balt 18 18%

S Porto Rico Sg .. 42 | Std Brands . ... 28% 28% 28% 28% United Fruit ... 60 59 , Wrlgley 50 Retail Stores— Ass Dry Goods 16% 16% Best A Cos 30% Gimbel Bros ... 5% 5% Gr Un Tea 7 Hahn Dept 3t*.. .. 7% Jewel Tea . 38 Kresge 8 8 .. 12% 12 12 12 Kroger Groc 27 37% Macy R H 56% 56% 56% 56% May Dept St . 31 Mont Ward 26% 26% 26% 26', Penny J C 44% Safeway St ... ... 51% Sears Roebuck 40’, 40', 40% 41 % Woolworth . .39% 33* 39% 39% Aviation— Aviation Corp IP, Douglass Air . .. ... 14% 15 Curtiss Wright 3% Curtis* Wr A . ... 7 6% Nor Am Av .. 6', 6% United Aircraft. 37% 37*, 37*. 37% Chemicals— Air Reduction ... 101% Allied Chein .. . . 133 132 Am Com Alcohol 68 67 3 , Col Carbon ... ... 62 3 Com Solvent* 39% 39% 39% 39’, Dupont 77% 77’, Freeport Tex 38% Liquid Carb .... 34 Northern Alkali 35% 35% 35% 35* • Tex Gul Sulph 30* t Union Carbide 47% 471, U S Ind Alcohol 74 74 Nat Distil 95% 96% Drugs— I Cotv Inc 5 Drug Inc 46 46 *, Lambert 31', 31% Zonlte Prod ... ... 5% Kinanrial— Adams Exp 10 10% Allegheny Corp 6% 6% Chesa Corp 51 Transamerira 7 71, Tr Conti Corn 6% s*. Building— Am Radiator ... 15% 15% Gen Asphalt 21 Int Cement ...... ... . . 33 Johns Manville . 51 50% 51 50% Ltbbv Owens Ola . ... .. 39 Otis Elev j;*-, 17s Ulen Const 3s, Miscellaneous— Am Bank Note 194, J 9 Amer Cbii . . . ... 99'. gg*. Anchor Cap 37% 27% 27% 28 Conti Can ... ... S3 Fastnian Kodak . . 791, Gillette .. (?•>' Glidden ... *]* jg Gotham Silk " ‘ ji 1 Ittdu Ravon .... ... " 70% Inter Rapid Tr. ] ‘ 71; 7 | Real Silk Hose 14 1314 New York Curb *Bv Abbott. Hoppin St Cos.) Aug. 21— Close Close Alum Cos of Am .6 *,ke Sh Bines.. ,2%' Am C P A L B 3%. tone Star Gas 9% Am Cyan B 12% Natl Bellas Hess 2% Am A For rr. 8% Nlag Hud Pwr.. 9% m Gas AE! 31 3 ? Pan A Atrwavg 49 R ,:‘P I r 4% Parker Rstprf.. 62% Nrk Nil Pwr A. 2 Pennroad . 4 A'so Gas A 1% Pioneer Old Ml. 12 _'.a* Ut Crp . 15 5t Regis Paper. 4% Brar. T A L . 13% Salt Crlc Prod.. 6% Can Mare .. 3% Segal Lock .... 1 Cent Sts El 2% Std Oil ollnd.. 29% iCities Serv . 3% Std Oil of Kv.. 16*. - or , d 12% Stutz 9 t;* F‘ ec _•• ,I '* I'ranslnx 2', fcl Bnd A Sh.. 24', Unt Founders.. I', Ford of Eng .. 6 United C.as 4 Ford Mot Can. 14 (>t n It A Pwr A. 5 Hud Bay Min.. 9-, Woolworth Ltd. 19% ntfVtrol 0l * " •- v* Wr Ha nsraves.. 6% Liberty Bonds Ry T nitril Pre, NEW YORK, Aug. 21 —Closing Liberty Bonds * Decimals represent thlrty-secondsl Liberty, 3%s <32-47> KV* ’* Liberty Is- 4s 32-471 loi'ig Liberty Ist 4%s .32-47* 10: 1 Liberty 4th 4%s -33-381 wr 21 i Treasury 4%s • 87-521 ’ 1102(1 Treasury 4> .44-54. : 0 6.20 Treasury 3 ,s .46-561 ... , iO4 23 Treasury 3%s .43-87* 1025 Treasury 3*.s *4l-43. March 101 28 Treasury 3%s 40-43. June 10128 Treasury 3%s .46-49 t ... . 100 Treasury 3s tsl-55i " gg 17

Foreign Exchange

Bv Albert Hoppin At Cos. —Aug 21— Sterling England S4 50%* Fr%nc France os',. Lira llalv ".i!. o? 18% EWga*. Belgium " 1945 Mark Germany -ii,, G-.nld-r Hclland 4505 Peseta Spain 1145 Krone. Norway oog. Krone IVnmark oqIO

Daily Price Index

R't Vnitcd Prc ,* Au 21 Dun St BraJstreet s daily weighted Index of tb’.rtv bas.c eommoditie, compiled for the Untied Pres* (1930-1932 average. 1001. Month Ago iA< u 1933 High .July 191 ."V.:’.:: li" 52 1933 Lew ,Jan 20m 67 86 Copyright. 1933. bv Dun At Bradstreet. lac. RAW SUGAR TRICEi —Aug 21— , High Low Close r an 'i arr 1 51 1 48 1 51 1 58 1 55 I 58 1 1 60 1 63 3ul \ - 168 168 1.68 Seoteniber 139 137 j 39 December 1 49 1 4* 1 49 MW YORK COFFEE RANGE —Aug 21— High Low Close , RIO January 977 M arch 5 90 5 88 5 90 *▼ 5 98 5 95 5 98 * v ... *O4 September 5 53 5 47 5 52 December 5.79 5 73 5 75 . • SANTOS January * ■ 835 833 835 iJ 11 ! . 853 851 551 September 8 02 7 95 to* December g*s g 33 gj 3 Plumbing Permits Andrew r w - a „ 7 2 035 Mabel stree Gen rge Con tad 312 North Cap.tol. five three* 4 DavU ’ Ml * w *hingion boulevard. ndian S two ”° n °° m,,anT ,!8 South Melon Avg COll ° n Comp,B7 - *°2 South IrvtngSoutheastern, one. L. pgy. 3838 w.nthrep. oca. •

LIGHT SELLING SENDS FUTURE PRICES LOWER Oats Only Grain to Move Up in Early Deals; Wheat Off. BY HAROLD E. RAINVILLE I nitrd Prfii Staff Correspondent CHICAGO. Aug. 22.—Wheat contiued easy as the Board of Trade opened today, declining % to f , cents on scattered selling Suppdrt w’as limited, although pressure was not great. The coarse grams showed independence. Com was unchanged to N lower, ’■Oth the decline in the cash month, which felt light liquidating pressure. Oats, however, was unchanged to i cent higher. Rye was unchanged to ’ t cent lower, with wheat. Provisions were slow but firm. Outlook Is Bullish The erratic wheat fluctuations Monday were attributed to scattered operations, partly in the way oi change over hedges from the September to the deferred deliveries as the first delivery day approached. Some traders call attention to the long time bullish outlook, the efforts to raise prices and balance supply and demand, but routine news is ignored. Liverpool was firm. ’ to 'i cent higher. C orn Belt Gets Rain Sections of the corn belt had good rains in the last forty-eight hours, but temperatures remain low. Hot weather and a highly favorable September is needed for a mature crop. Farmers are withholding their old crop corn until the new crop is assured and higher prices are in prospect. Oats apparently is stabilized at the present levels, but most operators look for values to rise in any general market movement upward. Chicago Primary Receipts tßv Abbott. Hcpptn & Cos.) —Auk. 21— u, s t Today. week -Jl'* 1 1,195.000 1.147.000 480 000 599.000 tJBls 646.000 1,213.000 Chicago Futures Range WHEAT— - AU ' September ... V* 'iT' December ...* 91'I 90%' SoA. Jl-i CORN--"* 95 • M '* September ... .52% .51 ■% .52’. 52% December .57% 56% 571" 571! “"oats 62 ’’ - 6,, ‘ 63 ’<* ;3 '' September .. 36% 36', 36% 36'. I>c<'mbrr .39% 39% 39'. 39% 42 ' s 42 '* i2 '* A3 '* September .. 67 .66% .66% 67>i December 72’. 7t% 72', 72', Mav .. .78'. .77', ,78'i .78% BARLEY— 1 September ... 50', SO', 56% 49 December .. .55% .55% .55% .54

Chicago Stocks By Abbott. Hoppln & Cos. ■

TOTAL SALES. 51.000 SHARES —Aug. 21 High. Low. Last. Abbot I .ah 39% 38 39% Asbestos Mfg 4% 3’, 3’, Asso Telephone Util % Bendix Aviation 18% 17% 18 Borg-Warner 20% 19% 20% E L Bruce Cos 20 19% 20 Bu- ler Bros . 44, BcrghnfT 13% 131, 13 i . Cent 111 Securities com Cent Pub Util 1' Cent A So West 2% Cent A So West pfd . 143 Chi A Nofth Western. .12 li% 12 Chicago Corp com 3% 33% Chicago Corp pfd 25% 25 25% Chicago Yellow Cab 12% Cities Service 3% 33 Commonwealth Edison.. ... 59 Crane Cos ... as. Dexter Cos !’s% ‘ 6 6 1 - Elec ric Household ... 10% 10 10 * Great Lake* Aircraft . .. ... r. Great Lakes Dredge .... ." 15 Grevhound Corn •’# % Gricsbv-Grunow 2% 2*, ‘ )3 . Foudaille-Hcrshev B . 4% 4% 43. Keystone Steel ... .. 13 l.ibbv-McNeil 5 Loudon Packing 12 ll 3 , 12 Lynch Corp 38 35 37 Manhattan Dearborn.. . ... 3', Marshall Field 15 14% jj McGraw Electric 41, McWilliams Dredc Cos. .. . H% Middle West Utilities.. % % 1, N’ational Leather . ir‘ National Standard . 22% 22 22% North American Car ... g North Amer Gas A- El ... 34 Northwest Bancorporat. 7% 7% 7’, Perfect Circle . 24 Potter Cos 32% 3 Prim* Cos 27% 25% 26% Process Corp ... 33 Public Service 331. Reliance Mfg Cos 14% Southern Union Gas .... % S W ii A Elec nfd 52 Sutherland Paper Cos . , 6% §*lft A Cos 17 18% 18% tw-ift International .24 23% • 24 Thompson. J R .. 10% Utah Radio 1% 1% is. Utility A Ind ... 1% Utility A Ind pfd .. 4% 4% 4% Walgreen Cos. com 17% 17% 17% Wieboldt Stores ... 10% Zenith Radio ... 2%

HORIZONTAL ANSWER TO PREVIOUS FI ZZLE 11 In what U. S 1 Who la the IN.L L.LI 1 EDOS SI ISDEIDJ A - city was man In the a) ' G i OP*eJBK‘A’LOY tl,e P !cturc<^ picture? t Nellie ■Solaror maQ b ° rQ? 90zone - T See EMHiSi:AYr i:Jßoneset--10 Pattern block, q kOSS elTr Qjir 16 on an 12 Neuter N average level. w r.r un - APPASMRiO I Il'E-PPela IS Native metaL 14 Mother. I 'VT■ AuSbltV 7 ADI I 19 Pastry. 15 Upon. MeMal F 16 ra P a - ftHjiai TC eSiTSL violations of n"ta : nt||io?MeMdlA human law--20 Stickleback TP; I N EgGO vTp INOO 522 To hurry. 22 Mans blouse. || ;*'"*“'* . 24 Consumer. 44 Embryo birds. brother was qo AnnroaVhed * 25 Pertaining 46 Implement for the first to fly -j p ,ther to air. peeling. a „ 26 Second note. 4S Breeding machine. C- 0 27 The pictured places VERTICAL 37 Riddle.' man and his Prophet 3S Blood-sucker, brother are 51 Having the - Sun god. the of the guardianship 3 Vigor. Ji? system of of a thing. 4 Wrathful. 1,0 controls used 52 To secure. .5 Heathens 41 To re-rent, on airplanes 53 A representa- gods. <3 Oriental today. tion of the 6 Cotton sorting guitar. 33 Half an em. Last Supper machine. • 45 Cheerfulness. 34 A vampire. 55 Yields. 7 Pronoun. 46 A dark brown. 36 Valued. 56 Spiritual 6 What was the Headstrong. 39 Mesh of lace. mother. name of the 49 Half. 40 Automobile. 57 and 58 The brother of the 54 Average 42 Monetary unit pictured man man in the (abbr.). •f Japan. with his picture? 56 Form of “a.** ' "|i II —| |T“E — ■? *<• is “tr* - 5T P~ L i- N I I U — 47 S5 4 ® 49 H—- —— —jSg

THE INDIANAPOLIS TIMES I

INDIANA STOCKS AND BONDS

The folio*.ng quots’ions do not rep-j re.ent actual bids or offerings. but merely 1 indicate the approximate market level baed on burin* and selling inquiries or recent transactions. —Au*. 21— Bid Ask Belt Rail & Stock Yards, com. 27% 32% Cent Ind P r rfd 7%.. 9 12 Citizens Gas Cos pfd 5%... *3 87 Citizer.t Gas com 14 17 Home T A- T Ft Wayne pfd T", 36 40 Ind 6c Mich Eire Cos pfd 7G .69 73 Ind Gen Service Cos pfd i", . *5 69 Ir.d Hydro Eire Cos 7' 25 29 Indpls Gas Cos com 40 44 Ir.dpls Pwr & Lt pfd B'> 61 *5 Indpls Pr * Lt pfd 6%%... 65 69 No Ir.d Pub Serv Cos pfd 6% ... 33 37 No Ir.d Pub Serv Cos pfd 5%5.. 30 34 No Ind Pub Serv Cos pfd 7',.. 35 39 * Indpls Water Cos pfd 5% 89 93 Ind Pub Serv Cos 6 r - 35% 39% Public Serv Cos of Ind pfd 6%. 14 17 South Ir.d Gas K. E: pfd 6' 58 62 Terre Haute Elec pfd 6% 33 37 BONDS _.lt R R A- Stkvds 5s 1939 88 92 Citizen* Gas Cos 5s 1942 ... 86 90 Home T fi W 5%s 1955 97 100 Home T & T W 6s 1943 98 102 Indpls Gas Cos 5s 1952 71 74 Inapis Rys Inc 1967 29 32 Indpls Water Cos 4%s 1940 98% 100% Indpls Water Cos 5s 1960 93 97 Indpls Water Cos 5s 1970 92% 96% Indpls Water Cos 5%s 1953 ...100 103 Indpls Wa-er Cos 5%s 1954 100 103 Kokomo Wat Works 5s 1958 . 79 83 Lafavette Tel Cos 5s 1957 83 87 Muncle Water Works 5s 1939 . 92% 96% Richmond Water Works. 1957. 84 88 Terre Haute W'ar Wks 5s 1956 84 88 Terre Haute Wat Wk 6s 1949 . 93% 97% Traction Terminal Cos 5s 1957 45 49

GRAIN GROWERS HOLD MEETING Representatives Arrive in Chicago to Survey Year's Business. Hts Cnitrri Prrx, CHICAGO. Aug. 22.—Representatives of the twenty-seven regional stockholders of the Farmers' Na'tional Grain Corporation, comprising a quarter of a million grain growers. assembled here today to survey business for thft year ended May 31. Representatives of the farm credit and agricultural adjustment administrations were among speakers. Others included Louis J. Taber. Columbus. O. master of the National Grane; Leroy Melton. Greenville. 111., president of the National Equity Union, and C. A. Ward. Salma, Kan', president of the Kansas Furmers' Union, recently appointed adviser of the farm administration. "The last year saw grain prices as the lowest point in the country's history, and then saw them quickly doubled, taxing the business ingenuity of every man charged with business management." said C. E Huff, president of the co-operative. Asa result, the co-operative will show a slight lass for 1932, Huff said. "It is. however, in a strong financial position, with unsurpassed credit at leading banks.” he added

Retail Coal Prices

The following prices represent quotations from leading Indianapolis coal dealers. A cash discount of 25 cents per ton is allowed. Indiana No. 4 and No. 6. fifth vein U lnriin*n 2S M rC f- ! 5: minr run *4.75. Indiana No. s—Lump $5; egg $4 75 mine St run! r '.6 nl *~ LUmD - * 6 S0: * 6 ': S6S Stf^nc K ru n n U * V ~ LUmD - * 6 50: Pocahontas—Shoveled lumo. *7.75- eec $8: mine run. S6 75. K $7 ? 75 W egg V *8 Smok6less —^Shoveled lump. Srml-Staokeiess Kgcr or lump. $7.25. Coke- Egg or nut, SS: pea sizes. $6.75. Births Boy* William and Bernice Eaton. 5224 Keystone. 4 * Duncan and Ruth Underhill. 734 Woodlawn. Thomas and Frances Schlotman. 109 Good Henry and Virginia Keene. 29 Layman Fredrick and Georgia HartlofT. 21S Cossell Drive. Elmer and Martha Horr.aday. Coleman hospital. John and Vcrda Piersoll. Coleman hospital. Girl* Robert and Alice Thurman. 1510 Asbury. Tanri'- and Viola Branham. 2360 Sherman drive. . >4 4 fIUB SchuVie; and Blanch Miller,' 1345 Hiatt Earl and Georgian* Salter, Coleman hospital. Raymond and Theora Dietz. Coleman hospital • Walter and Pearl Roth. Coleman hospitai. Deaths Ona West. 37. 437 N Davidson, mitral stenosis. Frank Everett Watson. 63. Methodist hospital, uremia. Patricia Ann Collins 30 minutes. 536 Woodrow, premature birth Nellie Cochran. 45. Methodist hospital, cholecystitis. North Manchester. 68. Methodist hospital chron.c nephritis. Dolons Ellis. 23 days. City hospital, icterur neonatorum Ted E. Roberts. 17 davs. city hospital, premature birtli. Alphonso Drauoue. 8 months. Rilev hospital. hypostatic pneumonia.

SWINE VALUES SHOW 5 TO 10 CENTDECLINE Steers Slow Due to Large Supply: Sheep Weak to Lower. Prices were mastly 5 certs lower on hogs at the city yards this morning. Underweights held steady to 10 cents off. Heavyweights were hard to move. Weights of 160 to 230 pounds sold for $4.60 to $4.65; 230 to 260 pounds, $4.30 to $4.50; 260 to 290 pounds. $4 to $4 20 ; 290 to JSO pounds. *3.75 to $3.95; 140 to 160 pounds. $4 to $4.25; 120 to 140 pounds, $3.50 to $3.75. Packing sows sold for $3 to $3.50. Receipts were estimated at 9.500. Holdovers were 220. Steers were slow in the cattle market, due to the liberal supply on hand. Bids were weak to 25 cents lower in most cases. A few loads of steers were steady at $5.50 to $6.50, better kinds held up to *7 Good heifers were steady, others weak. Choice kinds sold for $6 to 56.35. others mostly $4.25 io $5.50 Cows were steady, the bulk making the market at $2.50 to $3.50, top $4. Receipts were 2.500. Vealers were unchanged at $7 down. Calf receipts numbered 800. Lambs held around 25 cents lower with a top of $7.75. Bulk of ewe and wethers sold for $7 to $7 50 Bucks brought a dollar less. Culls and throwouts made the market at $3.50 and below. Receipts were 2.500 Asking on hogs at Chicago held steady with indications higher No bids were evident during the early trading and practically all classes were held around Monday's average. A decrease of 7,500 was shown In receipts from the previous session. To - days receipts numbered 20.000. in--4 500 direct: holdovers .2.000 Cattle receipts were 8.500; calves. ?'°°°' f et Weak ' Shep P receipts weak CStlmated at 180 °0: market

jS U * *4 554,® Feb ’[ 4 ° P 65 **<*"&.- : tat 1 *‘§ IS: 182 j- is * ™ 11: If! IS *2B .140 lw£ M 140-180, chojrr *4OO * 4 .25 ÜBO-30o! nS£d " nd H Ch j?* r ••4 60 tiU 200, Good and choice .. 460 ,266 570. “ Medium Weight*— '’o*2so an s choice . 465 ° 2501 G —*Heavv <! yveichtx 440 460 (290*350, P°°H an ' l cho,rf ’ • 4 00® 430 Ooo^^dI Choice 3 75* 395 t. 756 down) Good ! 350 U p, Good • IX2 2-52 j 'All weights, medium 3 00% 3 ’5 .100-130, Goo?*nd**choicef*7T 3 00% 3 50 „ CATTLE mirke *' Good and choice t 5 5 0e 72S (UM-LSOO,- and med ‘ Um 3 502 ' SSO Good and choice 5 ,so 7?s Common and medium 4 00’; 550 /sen —Heifer*— (550-750) Good and choice 5.004? 8 25 <750-900? Bnd medium 3 255 5.00 Good and choice 450 96.00 Common and medium 3 009 4.50 -—Cows— ; P ood 3 00 3 75 .common and medium 2.254, 300 Low cutter and medium 1 25ti< 2.23 -“Bull* ,yearlings excluded. - Good (beef, 3 004/ 3 50 Cutter, common and medium.. 200 S 300 VEALERS . Receipt*. 800; market, steady Good and choice % 6 00*2 700 Medium 4.509 6.00 Cull and common 3 00'® 450 ,250-5001- - C “ Ve - Good and choice 4.004* 5.50 Common and medium 2 604 j. 4.00 ~ Fee<,tr and Stocker Cattle—-,soo-800, Good and choice 4 504/ 5.75 Common and medium 3 009 450 ' 800 -1.500 Good and choice 4 504? 5.75 Common and medium . . 3 009 450 SHEEP AND LAMBS Receipts. 2.506; markrt. lower. Lambs. Shorn Basts—- ,*• down, Good A- choice S 7.00® 7.75 ■9O lbs. down, com and mcd.. 3 00® 650 —Ewes— Good and choice 2 60® 366 Common and medium I.oo® 2.00 Other Livestock

„ ...... Be United Press a CITY. Aug. 21 - Hogs—Receipts. 4 000 including 800 directs; fairly active mos'Jv 10c higher than Friday’s average; top. $4.30 on choice 180-230 lbs.; light lights. 140-160 lbs, $3 25 5 4 15; lightweights. 160-200 lbs.. $3 904 30; ' medium *ehts. 200-250 lb*. $4 104,4 30; heavyweights. ,50-350 lbs., $3,454.15, packing ? 2 oon^S Cattle- Receipts. 17.000; calevs. 3.000 killing classes opening slow unv to 25c lower, stocker* and feeders mostly steady; steer*, good and choice. 550-1.500 lbs . S5 256 75 steers common and medium. s3> 5 25; heifers' good and choice. 550-900 lbs $4 75s 15 f?e’ds M ®.2> 50 **j; ea,c iiL- 538 50 itockersVnd * 4 *' s 5 °- Sheep—Receipts. 5.000 K mbs * r " und ->c lower: odd lots Sound *ras. e * dJr; best ranKe lambs WAYNE. Aug 22.—Hoc Steadv 15r °SO-27°S 0 '. 2 b? 5 * b 4 S |*”o?s%^ S ,-5 M 'b* *4.iofb* 2 *3.85; IM-200 lbs 5 ' 3 50* ’lso-l*o°fbs^ iM-°i'jo 14 ib* lM> *a*4 13 "-i40 lbs $3 65; 100 130 lbs . *3® 3 15; roughs. $3.25. stags unchanged 5 ' ' lamt> *' C.itle-Stea|.. Aug 22 Cattle Re rcD'.s. 15: market, steady HtwtlK ■• MO; holdovebs. 300; market hVgher' prime heavies. 240-300 lb* *4 25*j 450 heavy mixed. 210-240 ihs $4 906, s n-, diums 180-210 lbs , SSSS 10 heavy YmV--120-145 lbs.. $46 4 25. m£ V ,n?m mK* 3 D 3 50: rOURhs $3 u 3.25 Sheep and ambs-Receipts. 1.500; markrt steady lambs, good to choice. 90 lbs down $7 75 rinun "ttfT at . !8 25; medium. 90 !b* 6 b vi n .*k" 5: m * d,llm - 91 lbs UP 85.50*, 6{o sheep wethers prime $2 7553 15 choice 0 e *p7 sn 7s< 2 . 5: '*'* m edium to cnoice SI a2 50 Calves— 10f> 7 sn°° and c s lv '* higher: vealers good thir| S *S2JSOBJ VSO. lUm ' 4 506,; hVV nd CLEVELAND. Auff. 22 —Cattla R# _ reipts 200: market steadv: price* un*nd h ' tfr * COOd COWS. assnSt C 0W e. s and bulls. ?7 50 . 73 25 , c f lv ; -ReceiPU. 400 market, actl.e and steadv: all sold choice to *- B S* 5 0; ,and ROrd $74,8 com° , dOWn Hoes Reeetpts. 1100 market fairlv active and steadv with bulk SL I*2! V 84 89 choice. 220-2 V) *4. 80'! 4 85: light butchers at $4 85 4 h v " and S 0 "!? I'’" 1 '’" - ! : oe ' 100 lbs UP $4,505, 4 T ' le ' 43.25 ‘n 3 50. EAST ST. LOUIS 111.. Aug 22. Hogs 1JOO ? ; 500 direct: market most- - sales of medium weights fully steady; few bids lower on remainder ?>n , 'v.A ,f ! 1 l. dv 10 , 10c olr tor *4 55; bulk' 170-220 lbs., earlv $4 40-64 50 few ’4O-245 130 ’h 4 2 mol° .T O -*' S °y -h," $ 3 854, 4 15. 100-luO-.b pigs. $2.a503 75; sni. 12 753 10 largely Cattle- Receipts. 4JOO ciliM r*. n7f,l S . 2 S ,°° : no; ,uIIv dV- eloped * n n * tse steers; al classes opened steadv *° il asVw St ” rv J 5 585 hiJSfirV mixed ind 4 lS f * r i®a!*®*n c ,V* , f rn h ' lffrs $4,104, 4. is. cows. $,.50573. low c-itiers $1 2S-S 1.65: sausage bull*. $2 254,2 85 good , r .d I*loo P Hw*‘ r o^l ,8 ,nH t!a l P ßhtr s’eers 550i ioo ibs . good and choice is ’to* ts corr.monand medium. $35,5.25: 1 “h’ - rood and choice $6 254,6 75 t ood Receim a ruv?^ 83 75<1 533 ShE£L 3 0 2*J' market opened about steadv Le6.ei os 2- * Bdnd '‘: desirable lambs to MeadTnn* Vh st held 2 Bh,r Indications d HowS * n 2 * hd *h lambs. 90 dow n. good and choice S6 SO® 7MI 83 505,8.50' yearling •,i tood *" d choice s4# srvi4,7-s - # S* l5O Ihs good and choice U * riehU ’ common “ and me: i Bfi 7 inn Special A > 21—Cattle-Receipts ‘ {, * dv market on slaughter l stro ? !0 25 cents higher I *‘* l n . most grass steers I ** trw iotf better ftnM 235,6; bulk beef row*. ?,5 1 2 75 low cutters and cutters $125 *•2; sausage bulls mostly $3 down: stockers slow run Includes sizeable supply of desirable hereford stock: calves around $5 lt er caives SB. including several loads stock calves vealers. steadv bulk better s^s . M>: ftrlctly choice handvr/L, to ** medium and lower grades $4 50 down; heavy graasers discounted Hog*—Receipts. 1 500 . 20 cent* higher than * nd Saturday: 185-250 Ibs $4 63 250 lha. up. $4 1 0 1 40-185 lbs . $3 80 140 !l*s down. $2 10; sows. 2 80. stags $175 Sheep- Receipt*. 3.000. including around 1 500 stock ewes; lambs steadv. bulk better trucking. $747 2S: choice eligible to *7 $0 and ' above bucks mostly, $65 650 immature light iambs. S3B 4 few $4 50 fat **■ H|2: stock ewes mostly. for better kind*; plainer kinds $4 5045 5.50. Receipts. Saturday Cattle 101; calve*. 488; hogs, JOS. sheep. 1.288. Shipment* c i%u.' K; C * l '“’

AIL Chemical Am. Smelting Xm. Can Am. Telephone Am. Tob. B Atchison Chrysler Con. Gas N. Y. DuPont Goodyear

Market Average m m m Twenty Active Issues Listed, on the N. Y. Stock Exchange.

TUNC. JULY AUGUST * i* (( ( 18 IT Z 4 J, 7 >4 21 75 r r~ —i nwbktß ; 4r s 7*l K T— -1 i 7 * .-- 7 ; i-±4z:3±zzi-;; •— t—l - 4 1- - 7 !* !' ... J-L 1 64? 2 f -->| 1— hr e . 60 IHU- I. H iff fjr J-.-j 60 i 87 ’ —I *7' W 5: St “ JSSr ; SS 156 - 1 - 54 * **' "| T j— ' 55 f- i 1 \ / \ / _ H :iSSEiSj jam -■ 508 ' iii l l tlr —| —- 3 j s ”iMlUll 1 1 11 1

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

Fewer, Larger Banks Is Goal of Administration

Federal Deposit Insurance in Effect Until July 1, 1936. BY RICHARD L. GRIDLEY I'niled Prut Staff Corrrvpondeni 'Copyright. 1933. bv United Press' WASHINGTON. Aug. 22—Concentration of the nation's barking resources into fewer and larger units was seen today as the administration worked out plans to put bank deposit insurance into effect on Jan. 1 President Roaseveit's advisers realize that a sound banking structure must be preserved if the country's recovery program is to be a success, and have sought to stamp out the paralyzing stream of banking failures. Treasury and banking statistics showed today a steady shift in bank deposits since the war to larger and fewer institutions, with a drastic reduction in the number of institutions doing business. The United States has lost more than half of its banking institutions since the all-time peak of 30.812 in 1921, but actually has increased its bank deposits from $38,664,987,000 in 1921 to approximately $41,380,047,000 at present. Mergers and liquidations as well as the clasing during the March holiday of institutions not yet reopened caused the decrease in number of banking institutions. The net result was believed in administration circles to have put the entire banking structure on a sounder basis, and to have made a contribution toward the prospects of success for the bank deposit insurance plan. Under the 1933 banking act. the administration will create the Federal Deposit Insurance Corporation to insure deposits of all federal reserve member banks and of all approved non-member banks up to July 1, 1936. Most of the guarantee funds will be supplied by the banks themselves and the current trend toward fewer, and possibly larger and stronger banks is looked upon by many observers as assuring the success of the plan.

Bright Spots

By United Press Dun <fc Bradstreet. Inc., reports business failures in week ended Aug. 17 totaled 312, against 648 in corresponding 1932 week. Lehigh Navigation Coal Company to reopen two mines before Sept. 1, recalling 1,550 employes. General Goods Corporation reports July sale* increased 48 per cent over July 1952. Kroger GroCfcrv and Baking Company reports sales for four weeks ended Aug. 13 totaled 516.157.182, up 6.1 per cent from like 1932 period. Chesapeake & Ohio raifcoad re--1 ports carloadings last week totaled 32.399 cars against 24.933 cars in like 1932 week. Marriage Licenses Llovd Hurt. 27 of 1636 Roosevelt avenue. drug clerk, and Ruth Daniels. 24. of 1636 Roosevelt avenue, clerk. Walter B Eugh. 49. of Chicago, research engineer, and Kathrvn J Rimes, 42. Os Alexandria. Ind . housekeeper Charles J Crane. 19. or 3044 Central avenue, clerk, and Marv Jane Eoran. 19 of 3933 Park avenue, housekeeper Ravmond Harrison 46. of 127 West Georgia street, warehouse foreman, and Flossie Phelps. 25. of 513 Marion avenue, machine operator William M Grady. 60. of Ravens wood insurance man. and Jean Kennedy. 54. of Chicago, housekeeper Louis Townsend. 23. of Anderson Ind laborer, and Marian Brown, 19. of 2140 Pleasant street, housekeeper Willie Cowherd. 37. of 505 Patterson avenue. laborer, and Elizabeth Holt. 25, of 1077 Holborn avenue, housekeeper. Paul Parvis Jr . 25. of Kokomo. Ind., §rocer. and Dorothy J. Wells. 23. of 210 ast F3ftv-flrst street, housewife Virgil Coakley. 23. of 1801 East Minnesota street laborer, and Marv E Strodtman. 22. of 1801 East Minnesota street, clerk Grant Todd. 58. of Groveland. Ind . farmer, and Mayme M Ball. 54. of 425 North Delaware street, housekeeper Porter Dawson. 50, of 849 West Twentyseventh street, laborer and Frankie Hall. 40. or 813 West Twenty-seventh street, maid. Carl R Wright, 22. of 1232 North Capitol avenue truck driver, and Lillian E. Baugh. 20. of Mar* Hill, housekeeper. Wiii Reese. 31. of 2!U9 Indianapolis avenue. laborer, and Estella Well*. 38. 2351 Indianapolis avenue, domestic Charlie Keathiey, 24, of 809% South Marion avenue, laborer. and Eliz.aherh Abel. 18. of 1321 Oliver avenue, housekeeper Vernon D Kincaid. 27 of 1215 Locust street, steel worker, and Bonne 1 ta A. Johnson 21, of 1920 North Meridian street, beauty operator. Ernest Cubel 21 of 317 East Morrl* street, bookbinder, and Marv Van Pelt 19 of 1310 Union street, box maker George B Millikan 2* of 2*25 North Pennsylvania street clerk, and Pauline Traylor 23. of 2825 North Pennsylvania street, doe’er s assistant. John B Washburn 35 of Chicago clerk and Anita Lee Brayton 35. of 4444 Gull-’ ford avenue, clerk William D Burk. 31. of 1121 North Grant avenue cabinetmaker, and Glenda Rosaline Feut* 21. of 3021 East Michigan street bookeeper. A Chicago engineer has designed anew rotor ship which depends en- i tirely on wind to turn its two tall whirling wings. >*

Inti. Harvester J ohns-M an v ill* Nat. Biscuit Pub. S. of N. J. Sears Roebuck Stand, of N. J. Un. Aircraft U. S. Steel Union Pacific Westinghouse

The City in Brief

WEDNESDAY EVENTS Kiwania Club, luncheon. Columbia Club. Home Builders, merlins. Washington. Purdue Alumni Association, luncheon. Severin. Ameriran Legion, luncheon. Board of Trade. League for the Hard of Hearing. 7:30. Stokes building. Thirty-third annual old soldiers' reunion will be held in Hymera. Ind.. Aug. 24. 25 and 26. A parade Thursday and daily entertainment are included in the program. Newly elected officer* of the Indianapolis City Market Association have been announced as Frank A. Simon, president: George Bruce, vicce-president; Harry Simon, -ecrctary. and Jacob Zier, treasurer. Indianapolis Odd Fellows lodge. No. 393, will hold-a fish fry and law n fete at Fortieth and Harding streets next Friday and Saturday. NBA offire employe* entertained with an informal dance Monday night in the Antlers ballroom. Mr. and Mrs. Francis Wells, state manager of NR A, acted as chaperons. Harold Perry was in charge of arrangements.

In the Cotton Markets

-Aug 21 - CHICAGO r* H '® h Low Close wJVik.H' 987 973 975 October 9 59 041 047 December .... 982 963 965 , NEW YORK M* rch 10.04 983 983 I ,' K 10 36 16 14 16 14 December .. . 976 957 958 , NEW ORLEANS i? n,1 *rT 981 964 964 March 9 97 9 8I 9 0, M v 10.12 9 99 9 99 Julv jn 14 October 9 51 9 38 9 33 December 9 74 9.52 9 56

Indianapolis Cash Grain

—Aug. 21 The bid* for car lots of grain at the call of the Indianapolis Board of Trade. T o b. shipping point, basis 41% New York rate, were: Wheat-Easy No. 1 red 78i79c; No. 2 red. 11 ii 78c. No. 2 hard 77f8c Corn—Steadv; No. 2 white. 49 a 50r No - white. 48 r, 49c. No. 2 yellow. 47^48r V, y 'i low 4847 £ ; No ’ 2 mixed. 46H 49r No .7 mixed 45?>46r Oats—Firm: No. 2 white. 30%fc31%c; No 3 white. 29%*,30%c , 'F.o. b. country points taking 23%c or less rates to Cincinnati or Lotilsvillei. No l timothy. S6':/ 650 No 2 timothy. $5.50'06 .... - Inspections— Wheat—No. 1 red, 2 car* No. 2 red 2 cars: No 2 hard. 2 cars: No l mixed 1 car No. 2 mixed. 1 car Total 8 cars ’ Corn—No. 2 white. 5 cars; No. 3 wht'e 3 cars. No 4 white. 2 cars. No 1 yellow l_car No 2 yellow. 31 cars; No. 3 yellow' cars* rS ’ sample F e H° w ' 3 Total. 60 Oats—No 2 white. 5 cars; No. 3 while 5 cars. Total. 10 cars. ’ INDIANAPOLIS WAGON WHEAT for *Jo er ?‘",: * V *i.° r! ' P,vln * 75 on their meml Wbe * l ’ OUler Brad ** c-r ,*J;JkP CIB CASH f 'R5'N ST. , A li 8 ’ 2, ’~ B * (d grain: Wheat—ln limited demand. 12c lower No 2 red. 87%4,88c; nominal: hard grades 2 cent lower: No. 2 hard. 87'*7 Bgr nominal: hard grades % lower: No 2 hard. Bi%i3S c nominal Cora—ln fair demand % to l',c lower. No 1 vellow. 53*e No. 2 yellow. 53r54c No 5 yellow 51c. No. 6 yellow. 50c Oa-s—ln slow deJ mand. unchanged; No 2 white. 36' _,c No ceretT'whUev 33c 3 " lC No 3 * nf. *1 U--K N" ! tort mm: rT r i *w 04 i , c °tm -No. 2 mixed, 54%r N?w York ’ 3SI * C All dUot ”' l i

Investment Trust Shares

(By Abbott. Hoppin At Cos 1 —Aug. 21 American Bank S’ocks Corp . M 5 *q American Founders Corp. .no 7 m American At Genera! S’.c a. 343 390 Basle Industry Shares 79 77 Type Inv Tr Bh ..! 475 500 Collateral Trustee Shares A 240 2*5 Corporate Trust Shares ioldi 415 422 Corporate Trust Shares tnew. 625 ®S*ul'lye TruM Shares too 825 Dl.ersifled Trust Shares A 320 325 Diversified Trust Shares B’ 5;o .s*o Diversified Trust Share, "C". 175 I*s Diversified Trust Shares "D". 892 rji-gt Insurance Stock Corp... 425 XE J,t 011 Bh *r** A ... 432 442 Fixed Trust Oil Shares B ... 410 i2O Fundamental Trust Sh -A ”.. 35 645 F-undamental Trust 8h B’. 18 62 18 87 Leaders of Industry A".... 350 360 Mass Inves Trust Shares .. 251 257 Trust Share, 53 315 322 North Amer Trut Sh 55- 58 308 318 Belec ed American Shares 910 920 Std Amer Trust Shares. ... 440 4*o Trust Share* of America 14 12 ]* 50 Trustee S’d Oil "A” * j 2 Trustee Btd Oil “B” 301 33 U 6 Electric Light At P A ’ 3 80. 390 o , r " , ' Ar ' o r UIT 38ARKET B'j L nitrit Press AuK ’ 7? and egerable* r?£ . Mi i h !J a 2 Duche*, bushel. 90Y, *; nifnol* and Michigan Weal,hies bushel $1 jl 35 Michigan Alexarder* bushel, $1 25 Pear*—Michigan bushel *isi*s Canteloupe*- Michigan Jsc *1 in Carro> IMinoi*. Eggplant—nimois. 504, Spinach -Illinois. 50". 80c Cucumber* —Michigan’and IlltnoLv. 254/50r Bean* Illinots *19150 Michigan lima*. 50i 60c ■eeta—CUnois. I%tf 2c Cabbage—tlline:*1 1.35 Wisconsin. *l5O Ceiery- Michi-, gan 40i75c flat,, 50t075c squares 65t0 *l. Pepper*-nimota. Ml# 75c, Michigan. 75c/*l. Corn—lllinois 304,40 c Peachea -i ni1.,0 insahet. *lso# 275 Indiana bu*he! $1 759 2 3#; Michigan bushel. 1 50 Tomatoea—Michigan. 254188 c; flat*. sfi 60c; nitnotr. 2S#soe Ovion Market California, yellow* buwhe.. util 71: whites buahel. 81 16# 125 UlihMa tcGow, bushel #SMOc lowa yellows tnirnel. WgMSOc. Indisuia. white- buahel. *lffi,23.

PAGE 13

STOCKS SHOW UNEVEN TREND IN DULL TRADE Strength in Dollar Fails to Bring Out Selling; Steel Steady. BY ELMER C. WALZER United Frets Financial Editor NEW YORK. Aug. 22 —Stocks opened irregular in a fractional area today after a substantial gam Monday. Volume was light. A firmer trend in the dollar had a depressing effect on market sentiment, but it failed to bring out selling, and the market lapsed into extreme dullness after first sales. United States Steel common stock, one of Monday's leaders, opened at MS, unchanged. General Motors was firm at 337,1 7 , up V Allied Chemical gained a point to 133, wlule American Telephone lost \ to 126 1 --. v Small losses were noted in Borden. Anaconda. Kennecott, Bethlehem Steel. Commercial Solvents, Montgomery Ward. Wooiworth, Standard Gas and National Steel, while fractional gains were made by American Commercial Alcohol. United Ga s Improvement, Standard Brands, Western Union. International Telephone. Atchison, New York Central. General Electric and Alaska Juneau.

Bank Clearings

INDIANAPOLIS STATEMENT Aug 23Ctarmcs 81.446.600 • “*>“ 3.750,000 00 TREASURY STATEMENT —Aug. 22 Net balance for Aug 19 *1.226 *2l 321 7* Int rei reels, for dm 2 S7l 469 57 Customs reels., mo to date 26.811 943 7*

Produce Markets

Izellyered in Irdlanapolts prices: Hans, heavy breeds over 4% lha . 10c: Leghorn*. Broilers: Colored sorlnEerv i% iba. up. 11c. springers iLeghorni. 1% lb*, up 9c. barebacks. 6c: cocks and stags, 6c; Leghorn cocks and Leghorn stags. Sc. nv. C r ts ’, Fhlte. full teatnereo and fat. over 4 lbs. 4e; small and colored. Bc. : Geese, full feathered and fat. Jc. Young guinea*. 20c: old guineas 15c. Eggs—No 1 rresft country run eggs, 10c Each full egg *7 !8h 55 ln * * ro **i deduction Src. 1 ? . Rf*L. 16 ,or e * rh Ib - uade f 5 * lbs. erosa will be made. Butter—No. 1 24 : 25c• fhl v£-.a? 3c ’ Buiterfat—:lßc. Quoted by the Wadley Company. ' By United Press CHICAGO. Aug 22 Eggs—Market, firm, prices % to 1 cent highri. receipts, l 132 cases; extra firsts 14", 15c: first* 13* J 4 * c: current recctp's. Il'.ni2%c; dime* 2 sC m Mark#*! Arm, prices un* chanced to cent hteher; receipts 13 - 095 tubs, special-, 22',, 23c. extra*. 23c; extra Arsis 21*,21%c: first 19r„20c; 'econds. 17", 18c. standards. 22c PoultryMarket, steadv to easy; receipts. .19 tubs; fowls, 104ill%c; Leghorn broilers. 9%c; Leghorns, 8c: ducks. 7"/9r. geese 8f19%r; ‘utlt <•'. 106 11c. roosters. 7c; broilers! lO'o 13c. Cheese Twin*. 11%'/12c. longb9rns - 12%i12%c. Potatoes—On trark 202; arrivals. 50; shipments. 241. market, weak. Nebraska sacked Cobblers. $2 30*n 2_35: Idaho sacked Russets and Triumphs. $2 504 j 2.60; Wisconsin sacked Round Whites. 81.754,2; Minnesota sacked Round White*. $190*2 15. Other Livestock BY UNITED PRESS CHICAGO. Aug 22 Hogs Receipts.. 20.000. including 4,500 direct, active. steady to 5c lower than Monday; 170-220 lbs $4,504,4 60; top, S4 60 230-300 Ibs. $3 75f|> 4.50 light lights. $4 254, 455 strong weight pigs. $3 505,4: parking sows $2 90 ,340. light lights. 140-160 lbs., good and choice. Si", 4 55: lightweights. 160-200 lbs good and choice $4 254,4 60; medium 200 *£>° Ibs . good and choice. $4 25',, 460 heavyweights. 250-350 lbs good and choice $3 50'., 140 packing sow*: -75-550 ibs.. good and choice. $2 65;3 45; slaughter pigs. 100-I 300 lb-, good and rhoice. $3 25 ', 410 tattle Receipts. 8 500; calevs. 2.000; led steers and yearlings predominating in crop, market very slow steady to 25c of! mostly 10',/15c lower oii inmtwcen grade offerings with weight rhoice offering- scarce supply common llKhl small; largely $5 506.50 market with prospective top around $,: better grade mixed and heifer yearlings dull selected load heifers 5e1155.90446.15: $5.90446.15: bulls strong to 10c higher vealers fully steadv Slaughter cattle and vealers Steers 550-900 Ibs good and choice. $5 50", 7 25: 900-1,100 lbs good HZL cho J ce , *S SO'' l 725: I.IOOJ 300 ]bT good and choir#, $5 o*7 25; I.3mT-.500 lbs good and choice. $5 50'/t7 40: 550-1 300 lbs £’-n n ,u and m * dlu ' d $3",5.50. heifers.' 550-,.v0 lbs good and choice. $4 75"/ 625 w\ dd j Jhedium. $2 50", 4.75: cow*! v*n°"i 450 common and medium. *? svSo : °n CUt, *r and cut " r W* hLf <l 2 excluded. groß Sr'l; 3 li.'- i' ctiUer common and m*6 - % 403 vealers good and choice, $6 25''-/. *-,, medium $5 504,6 25. cull and common. $4'.,5 50: stocker and feeder catM sf)lCn rS eo 00 " 1 050 ,b V Eood ,nd choice. Ref s , E t *- 18 °00; few fat name,* a?rf 57 750 hold.ng choice natives and best westerns well above out- \ ?. r , linc ' * carce : sheep and feeding ' w na 2s ed *i*ughter sheep and lambs I.amb' 90 lbs. down, good and S3-'s*/* -l 75 *' ' 851 common and medium” Jhcice ti AnlV 1 lb, good and medmm A %?', ■?' ,* wr! 8h , s. common and mpgium tl'i 2, lecdir*e ltmbs SO.7S ik. good and choice. *69 650 5 lb *'’ P BUFFALO, Aug 92 - Hoes—On vrinH'’ 00 ' fairlv Active, strong to 5c over ,h >nd ,?,' ii, Vrr 18 *’ desirable 17t, to 220 *4 b ßs'&S lo |3n 7vo Xf i d K and ola| hor kinds. to 150 lbs M .75 o 5 Cattle o* eC vlerl' Ind l,raf ‘ ~ l <' , ,!ly nothing done on strrrs and viarhncs cows scare* *is. d c. : .. Cutt J. T A r,d , f * *1754,2.50. Calve* v !*rs nominally steady ?J™w. and ~ Ba doun Sheep - Receipt 20d! lambs trade strong to a shade higherrood to choice ewe and wether lamb: *8 "<8 10 m<dn.m kinds and fat bucks ' *7-throw-outs. *5 5054 6.50. oucas R’l Times Special •>n^ UIS Y, ILLE - Auß 22 -Cattle—Pecelpt* -On. mostly steadv bulk giav steer, A he,fers : *1", 4 50; be,, fed Vlnda eUgmie td *6: bulk be-f cow. *3 254,2 75; low- cutiV-, a J d eutter * *1254,2 sausage bulla. $* .5 dow-n native slockert, and feeder* mosuy $4 down best Hr-ford stock calves to $3 or better Calves Receipts. 3 -50 vealers steadv better grade*. *y„ a medium and lower grade-. $4 50 downdiscount on heavy grass calves Hog* - Rei eetpts. 1 ooci son rearranged market un. evenly steady to 104,25 c lower 1780-235 ‘h* *4 55. 240-275 lbs *4 in 260 lbs up, *3 8o 140.1775 lbs $3 70 135 lbs. down. *2 sow, $2 75. stag'. *165 Sheep-R.. ceipt*. 1 200; lambs, s’eadv to weak, other classes unchanged: bulk better lambs il*i , 25: inside price paid more freely and ilt'le eligible ano'.e latter Quotation bucka mainlv *6", 6.25. immature light lambs *3 - 4 fat ewes. $14,02 most better stock ewe-. *6457 per head plainer kinds down to $4 50 Receipts Monday—Cattle 639 calves. 892 hogs. 935 and sheep 3 512 Shipment* Monday—Cattle 145 calvea! 549 hog 143 and sheep. 2.138

Will the Moratorium Be Perpetual? Not for the man who adjusts bu budget and buya enough life inauran-'e to guarantee sufficient income for his family and restore bis depleted estate. WARD H. HACKLEMAN AND ASSOCIATES Massachusetts Mutual Life Ins. Cos. 300 Continental Hank kldg.

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