Indianapolis Times, Volume 45, Number 90, Indianapolis, Marion County, 24 August 1933 — Page 11

AUG. 24. 1933_

New York Stocks 'Bv Abbott. Hnooin A Co.l ————

—Aug 3*— Oil*— 10 30 Prer High. Low. EDT close. Amerada . . 38% 30 AM Rfg 28% 28 28% 28% Barnsdall 8% Consol Oil 12% 13% Hoiuton >new, 5% 5% Cont of Del 18% 1* Houston 'Oldt... .. 28 Indian Hit 2% . M;d Cor.'. Pet ... .. 12% Ohio Oil 11% 13% Pet Corn ... ... US PhiiliD* Pet .. 44' i Pure Oil 8S • Rova! Dutch 32% Sbd Oil 27% She!! Union ... .. ... 8S 8% Bkeiiey oil ... Soc Vac 12'* SO of Cal 38’. 37% BOof H3. 38% 38 Txa* Corn . . . 24 24% Tidewater Asian 9 B’i 9 9 Un Oil of Cal 19% 19% Steele— Am Ro ! Mill* . 24 23’. 23'-. 23'. Beth Steel . . 40*. 40% 40’. 40'. Bvera AM 33-. Cos! Pijei A- Iron * • Cnir St -el 29. Gulf St a Steel 28 * Inland steel 37 Ludlum B’eel 13 M'-Kf'iit'rt Tin .. • - . *2 Natl Steel .. . . 47'* 47 R*d Iron A r .. . . * * Rn Ir A- S't nfd . JIS U 8 Smelt . . 8S 84 85 84 Vanadium 28 * 28 * U P Pine a Prtv 18’* 18'. U 8 S'eel J 4 * 55 U R Steel nfd **4 95 Youngstn SAT. .. 25 Rails— .... Atchison J 2 8! * Atl CM Line 50 a 50 B A O 34'* 32 fsn Par . 1“ Ch ' A Ohio 47% 47 47 47 Chi A O' W s'. 5 CMA S’ P Dftl n " ] 4 ," Chi B W .2, Ch! R I 7". pfd. .. I Hela A Hud -J * Ort Northern 28N 2 111 Cer.’ral 42 a K C Sou 15 * Lou A Nash V?i M K A T I*," Mo Par pfd ■ *’■ .2,' N Y Cent 48'. 48'. 48S 48. N Y Chi A St L 24 . NY C A St L pfd 28 N Y New Haven N Y Ont A Wes .. ... 12 a 1* * Norfollt A Wea _ >54, :::: ::: IS;** % Ki d, ffe ::: 29% Sou R 30l 25,,‘ Sou R R pfd ••• 3,‘ Union Wahash 4 * 1, W Maryland ..... 11 * Motors— .„ Chrysler 43 42’. 43 43 . Oen Motors 32 * 33 Or 11 ham Mot .. .. ... Hudson 33 .. 13 . Ma’rlt Truck ... '. „ 3^'* Nash 23 * 23 Packard .. ••• 5 a B-o ••• 4 4 • Studebaker Yellow Truck 5 > Motor Accessories— Bcndix .. ... 18' *8 Bohn Alum , 4fi Bore Warner .. .. ... I® 3 . 20 Briggs • 3* Bund Wheel ... .. ... 3 s 3 a Eaton Ms? - ■ 33a Elec Auto Lite.. 20*4 20'. 20% 20 . Houd Hershey 5 Mullins Mfg ®’ Murray Body .. .. ... 8% 8 . Stew Warner .. . ... .• 8 . Timken Rol ... Mining— Alaska .1 in .... .. ... 28 2,% Am Smelt ..... .. ... 38 36 Anaconda 17% 17% Cal A Hecla 6'* Cerro de Pasco. 35 34’. 35 34'* Granby ... 11H 11 1 a Gt Nor Ore ... ... 13 Howe Sound .. .. ... ... 24'. Ins Copper . ... 7 Int Nickel . .20 13’. 19’. 20 Kennerott Cop 21' 21'. Noranda Cop ... ... 32% 32’. Phelps Dodge .... ... 15'. 15’. Pitts Coal 17 Tobarros— Am SnufT .. ... ... 47 Am Sum Tob . .. ... ... 20’. Am Tobacco A... ... ... 85% Ain Tobacco 8.. .. ... 89'4 89*2 On Cigar .... ... ... 38% Like o Myers B. 94 93'.* 94 93'; Lnrrillard Si's Reynolds Tob B. .. ... 50’a 50 Equipments— Allis Chalmers.. .. ... ... 13’* Am Car A Fdv 30% 30'* Am Loco 32'* Am Mach A Fdy I7' 17'* Am S'eel Fdv 22'* Bald Loco 13% 13'* Burroughs 17' 2 17'* Case J I 73 5 . 73'* Cater Tract 23 22’. 23 23 Col Palm Peet.. .. ... ... 17 l . Conßoleum 24' Elec Stor Bat . .. ... 45’4 45'* Foster Wheeler. .. ... .. 17'* Gen Am Tk Car. .. ... 37'. 37‘* Gen Elec 24’. 24'ii 24 s . 46 Gen R R Sts 40 InRSOI Rand .. ... ... 63'. Inf Bus Mach . . ... 150 lnt Harvester .. 38% 38% 38'. 38’, Kelvinator 10 '•* Natl Cash Reg 19 1 . 1% Proc A- Gamble .. ... .. 42'. Pullman Inc 51'2 st’ Simmons Bed . 25'. Und Elliot 3a’* 36 West Air 8.... .. ... 33' 2 32 s , Westlnch Elec 43 5 , 43 5 . 43'. 44’. WorthinEton Pmn 28'2 riililirs— Am A For Pwr 12'. 12 s , Am Power A Lit 11 s * 11’* A T A T. 127’, 127’, Am Wat Wks.. 28% 28 28 27 s , Brook Un Oas ... ... .. 77 s * Col Gas A Eire . 18‘. 18 Com A Sou 3‘2 3 s , 3 s . 3', Consol Oas . 47 s . .47', 47 5 , 47'2 Elec Pwr A Lit S', Bs.8 s . E P A L nfd 19’ Int T A T 16% 16'* LOU GAEA 19'2 Nat Pwr A Lit 13% 13 s . North Amcr ... 22* 22*. 22', 22 s * Par O A E 24 24'* Pub Scrv N .1 39 s * 40' 2 So Cal Edison 20 20 s , Std Oas 15'. 15 Std Oas nfd 16', United Coro 7’w 7’. Un Gas Into . 19'. 19 19 19', Ut Pwr A Lit A . 4*. 4’, Western Union.. 67'. 66'.. 67', 68', Rubbers— Firestonr 26 5 . 26 26 26 Goodrich 16’. C.oodvear .. 38'. U S Ruher 18 s . 19 U S Rub nfd 31 Kel Snrme 4'. Amusements— Croslev Radio .... ... ... 10' Fox Film 15 s , 16 Loews Ine 33'i Radio Corn S’, RKO . . 3% Warner Bros ... B s , 8' B'. B'. Foods— Am Sucar ... ... 63'. Armour A.. 6 Beatrice Cream 17’, Borden Prod ... 28‘4 28’* Cal Packing 26 s , Can Drv G Ale 31 Cont Bak A - 14'4 Coca Cola ... 95% 95 5 , Corn Prod 88'2 Crm o l Wheat 31 1 2 32', Oen Foods . 37 37 s , Gold Dust ....... 23 G W Sugar .. 34' 34 s . Herslvev ... 58', Loose Wiles . .39 33% 38'a 40 Natl Bisciut .. 56 Natl D Prod 1.. 19'* 20 Pet Milk 14’ 2 Purity Rnk 19% S Porto Rico Sue ... ... 41 % Std Brands 28 s * 28 s . 28 s . 29 United Frlut 63 1 Wrigler 51 s , 1 Retail Store,— Ass ETv Goods ... ... ... 17 % Best A Cos 31 Otmhel Bros s s , Gtmbel pfd 33 Or Un Tea 7 Hahn Dept Sts 7', Jewel Tea 36'2 Kresge S S 11% 11 s , Kroger Groc .. . 57 s . Macv R H 58 57'* 57 1 * ... Mont Ward 25', 26'. Penny J C 47', 47', Safeway St 53'* Scars Roebuck .... 41 41 Woolworth 37 36 s . 36 s . 37>. Aviation— Aviation Corp 11% 11’, Douglass Air 15 Curtiss Wright 3% 3, Curttss Wr A 7 Nor Am Av ... 6 s , 6 s * Bright Spots Bv United Pre New York Central railroad reports its freight loadings last week , totaled 105.886 cars against 78.581 a ' year ago. Standard Oil Company of New j Jersey advances bunker fuel oil prices 10 cents a barrel in New York harbor. National Power and Light Com- ! pany reports electric output last week was 64.137.000 kilowatt hours, up 21.9 per cent over like 1932 week. Missouri Pacific railroad reports freight traffic last week was 20.442 cars against 17.358 m like week last year. General American Transportation Corporation earns $565,000 in second 1933 quarter, against $390,000 In corretponding 1932 period. Erie railroad reports July net income of $696,163 against net IO6S of {706,045 m July, 1932.

United Aircraft. 37 *■)’ 37 17'* Chemical,— • Air Reduction 9#'* 101 Allied Chur. 130'* 131 Am Com Alcohol 66’, 65 s . 68 s * ... Col Carbon ... 62 Com Solvents .. 39 38'* 39 39'. Dupont . ... 79’* 79’, Freeport Tex 39'-* 39'* . Liquid Carb 33 s * Math Alkali 35'2 Tex Gulf Sulph 31*. 31’. Union Carbide 47 s * 47', 47'. 48 U 8 Ind Alcohol 74 73'* 73% 73'. j Nat Distil 94’* 93% 94’, 94 j Drag,— I Cotv Inc Dr.g Inc 46 <w 46 46 46 1 , Lambert 31 Lehn A Fink 18’. 1? Zonlte Prod ... s’* Financial— Adam, Exp 10N lON Allegheny Corp 6 6 Che* Corp 49 50 Transairertca 7N 7N Tr Cont Corp 6 6 Building— Am Radiator.. 16N 18', UN 16N Gen Asphalt 20'a 20 s * Int Cement ... 31'* 36 Johns Manv .. 52', 52 52 52’, Libby O Glass. 30'* 29'* 30'* 30‘* Otis Elev 18 Ulen Const 3 s * j Miscellaneous— Am Bank N ... ... ... 20% Am Can 89 89 Anchor Cap 28'* Bklyn Man Tr 33 32' 2 Cont Can 62N 63 Eastman Kodak 80 s , 80', Owens Bot 79'* Gillette i 14 Olidden i*N IB’ Gotham Silk 11 s * Ind Ravon .... 70'* 70 70 70’, Int Rapid Tr 7 7', Real Silk H is New York Curb —Aug. 23 Bv Abbott. Hoppln A Cos. Close Close Alum Cos of Am 76 Lake Shore Min 42’, Am Bev 3 Lone Star Gas 9 1 . Am Ct PA L B 3 s . Mount P-od ss,5 s , Am Cyan B ... 13'* Nat! Bellas Hess 2 s * Am GA El .. 29*. Niag Hud Pwr 9'* Am Sup Pwr . 4'-. Pan Am Airways 52'* Ark Ntl Pw A. 2 Parker Rstprf .. 66 Ass Gas A ... I‘. Pennroad 4', Atlas Ut Crp .. ]4 7 , Pioneer Old Mm 12’, I Cent Sts El .. 2’. St Regis PapkT 4 s . Can Marc .... 2’. Salt Creek Prod 6’ Cities Serv 3', Std Oil of Ind. 29 s , Cord 12' 2 Std Oil of Kv. 16 s , Eisler Elec .... '.' Stutz 9’, El Bnd A Sh... 23'* Translux 2 s . | Ford of Eng . . S’. United Founders I s * Ford Mot Can. 15'. United Gas ... 4 Hud Bay Min. 9’, Un Lt A Pwr A 4 s * I Imperial Oil .. 13 s . United Verde .. 4 Irving Airchute. 6 Woolworth Lmtd 19 s , Inti Ptrol 17N Wright Hargvs. 6’* New York Bank Stocks •Bv Abbott. Hopnin A Co.l —Aug. 23 _ Bid. Ask Bankers 62’* 62 s . Brookivn Trust 113 118 Central Hanover 140'* 142 Chase National 28'. 28'* Chemical 391, 391, National Citv 31'w 31 s , : Corn Exrhangr 55'* 56'* ! Continental 151, 15 Empire 20 20' a First National 1 440 1 455 Guaranty 327 329 „ 19N 19'* Manhattan A Cos 29'w 29 s * Manufacturers 171* 171, New York Trust 99 100 Public 34% 35 •; Liberty Bonds New York. Aug. 23.—Closing Liberty bonds: (Decimals represent 32nd.s I Liberty 3'*s • 32-471 102 18 Liberty first 4',s <32-47> 102 7 Liberty fourth. 4'*s <33-38 102 24 Treasury 4'*s < 47-521 110 28 Treasury 4s 144-541 106 26 Treasury 3’*s i46-56i 105 Treasury 3N.s 48-47• 102 8 Treasury 3Vs 41 -431. March 101 31 Treasury 3Vs 140-43,. June 102 j Treasury 3’s 146-491 100 [Treasury 3s tsl-SSI 98 18 Treasury 3'*s i4li 100'31 Daily Price Index fly I’nilrtl rrrsH NEW YORK Aug. 23 —Dun and Bradstreet s daily weighted index of thirty basic commodities comniled for the United Press: • 1930-32 Average. 100i Today 102 74 Tuesday 102 11 Week ago 98 69 Month ago 105 66 Year ago 79 81 1933 High cJulv 191 113 52 1933 Low <Jan 20, 67 86 Copyright. 1933. bv Dun A Bradstreet. Inc. NEW YORK COFFEE FUTURES —Aug. 23 RIO High. Low. Close. January 5 77 I March 5 97 5 87 5 06 May 6 05 6 00 6 03 : Julv 6.97 6.04 6.07 September 5 47 5 38 5 47 December 5.75 5.72 5 75 SANTOS January 8 22 March 8 40 Mav 8 48 Julv 8.52 September . 8 02 7 97 7 97 December 8.25 8 20 8 20 NEW YORK RAW SUGAR FUTURES —Aug. 23High. Low. Close January 1 18 1.57 1 59 , March 1 67 1 64 1 64 May 1 73 1 69 1 71 Julv 1 79 1.75 1 76 September 1 48 1 43 1 45 j December 1.57 153 155 The City in Brief FRIDAY EVENTS Exchange (Tub. lunrhron. Washington. Optimist Club, luncheon. Columbia Club. Altrusa dub. luncheon. Columbia lub. Sahara Grotto, Incheon. Grotto lub. Reserve Officers’ Association, luncheon Board of Trade. Phi Delta Theta, luncheon, Columbia dub. Delia Tau Delta Alumni, luncheon. Columbia Club. Kappa Sigma Alumni, luncheon. Washington. Harvard duh, luncheon. Lincoln. West Park Christian church, fish Irv, Belle View place end Washington street. Miss Genevieve Wiley, a graduate of the Indiana School for the Blind. I will sing with the Philharmonic or- j chestra in Los Angeles Sunday. Miss Wiley is the sister of Mrs. Charles W. Thompson, 2711 College avenue. Members of Elizabeth Stanley W. C. T. U. will elect officers at 7:30 Tuesday, in a meeting at Brookside U. B. church. An old-fashioned box supper will be given by the Second Philathea class of Broadway Baptist church Saturday night. The supper will be given in the church gymna&,um at Twenty-second street and Broadwav. Oliver M. Savler will be the speaker in an American Legion broadcast ; over the NBC red network at 10:15 : p. m.. Saturday. Subject of his ad- I dress is "Communism. Fascism vs. The National Recovery Act.’’ TWO ALLEGED LEGGERS SEIZED AFTER CHASE Police Report Capture of Twenty Gallons of Alky in Alley Deal. Two men were arrested Wednesday night and twenty gallons of alcohol reported seized after Sergeant Noel Jones and squad pursued the alleged bootleggers when they attempted escape. Police said thev found Walter Alrich, 29. of 1955 Bellefontaine street, in an automobile in the rear of 620 West Twelfth street, and saw him hand Orville Drake. 24. of the j Bellefontaine street address, a five- ; gallon can of alcohol. Both men fled when they saw officers, but were captured. Three additional five-gallon cans were j found in the car. officers said. Alrich was charged with illegal • transportation of liquor and failure to have an auto license and certlcate of title. Drake faces an illegal transportation count.

STOCKS SHOW LOSSES. TRADE VOLUME DOWN

Small Declines Scattered Through List: News Is Favorable. Average Stock Prices Average of thirty industrials for Wednesdty. high 102 75, lo 99 59. last 100 38, off 98 average of twenty rails 51 67, 50 04, 50.51. off 28: average of twenty utilities 30 83 . 29 89 30 05 oc .56: average of forty bonds 87 78. oft .23. BY ELMER C. WALZER United Pres* Financial Editor NEW YORK. Aug. 24—Stocks opened fractionally lower today with volume reduced from Wednesday's initial pace. The trend was lower in the early dealings without pickup in activity. There was nothing in the news to bring selling. Business news was favorable, featured by the federal reserve report for July, which noted industrial activity contining its upward climb. Car loadings continued to make a good showing and so did railroad earnings. The first eleven roads to report had aggregated net operating income from July 220.3 per cent above July. 1932. The rail news aided the carriers to maintain a steady tone. Chesapeake & Ohio rose Vi to 47H. and Atchison % to 62. while small declines were noted in Baltimore & Ohio, Southern Pacific and New York Central. Steel common dipped to 54 1 i. off and held at that level. American Telephone firmed to 127%, up Vi, and American Can to 89, up V 2. Motor shares were slightly lower, as were chemicals, gold mines, mercantile issues, steels, electrical equipments and utilities. Coppers were firm; farm implements mixed and oils steady. Bank Clearings INDIANAPOLIS STATEMENT —Aug. 24 Clrarlngs $1.460.006.00 Debits 3,483,000.00 TREASURY STATEMENT —Aug. 24. Net balance for Aug 22... $1,214,515,357.03 Mi sc. int. rev. rects. for Day 2 505.990.19 Customs rects., month to date 23.295.175 39 Investment Trust Shares Bv Abbott. Hoppin & Cos. —Aug. 24 Bid Ask American Bank Stocks Corp.. 1.21 1.37 Amer & General S’c A" 600 700 Basic Industry Shares 3.48 358 British Type Inv Tr. Sh 72 78 Collateral Trustee Sh. A' .... 500 537 Corporate Trust Shaces iold(.. 232 2.37 Corporate Trust Shares mew). 2.47 251 Cumulative Trust Shares 417 423 Diversified Trust Shares "A”.. 600 625 Diversified Trust Shares "B".. 8.25 850 Diversified Trust Shares "C”.. 332 340 Diversified Trust Shares • D’.. 535 547 First Insurance Stock Corp... 177 190 First Common Stock Corp 107 127 Fixed Trust Oil Shares A ... 922 Fixed Trust Oil Shares B . 437 Fundamental Trust Shares "A’’ 4.57 46i Fundamental Trust Shares "B'’ 432 442 Investors Ins . 17 50 18 25 Mass. Inv. Trust Shares 19 00 2062 Nation Wide Securities . 3eo 370 N. Amer Trust Shares i1953i. 194 N. Amer. Trust Shares ,55-56, 2.58 263 Petroleum Trust Shares "A".. 11 00 1400 Selected American Shares ... 282 Seected Cumulative Shares... 7.10 725 Selected Income Shares 3.87 400 Std Amer. Trust Shares 324 309 Super Amer. Trust Shares A" 310 Trust Shares of America 3is 324 Trustee Std. Oil A" I 522 540 Trustee Std. Oil B\. 4*2 477 U. S. Electric L & P ■ A"...'. 1 14 12 1437 Universal Trust Shares 3.12 3G7 Marriage Licenses Herman K. Skaggs. 23. of 216 Hiawatha 26 rt nV a !L d A I* Spain "lO* 218 Hiawatha street, sealer H i AU .' son 2P. of 1918 West Washel'i,,! 0n ,*• trucker, and Dorothv R woman* ' 19 ‘ 0t 2511 Shflbv street, sales.SriUi. SESKh. kM’? aST'EUSrtS. ““ Marc J. Frank. 28. of 46t5 Broadway Jl" ch *n r V K *nd Katherine Mueller. 26. of 3 <O2 North Delaware street, housewife. James A. Hill 20. of 403 Muskingum cl *rk. and Haze! N. Patton. 18 of 827 Camp street, housework Stephen Boon, 65. Tomkinsville. Kv farm-r. and Dora Odle. 48. of 1313 Hovt avenue, housework. *,P Wmburn. 25. citv. laborer, and Alice Garfett. 19. of Richmond. Ind housewife. Ervin W Bradburn. 32. of 1421 East Market street, painter, and Alpha Mae Joyce. 19. Blackford. Kv.. housework. Irvin F. Roggensce. 24 Peru. Ind.. farmer and Margaret Rader. 18. Lincoln hotel. housework. Fred Beckelhelmcr. 21. of 3808 South Sherman drive, laborer, and Marian Korlepeter. 19. of 3808 South Sherman drive, housewife. John Outlaw. 35. of 635 Blackford street, laborer, and Ora M. Freeman. 39. of 615 West Vermon street, housewife.

HORIZONTAL ANSWER TO PREVIOUS PUZZLE 9 Toward. 1 Who is the |HiE |l_ jE. jNjWi I L |l_|s> MO O DlVj 12 The Bacred man of royalty q'v E in the picture. cc- r iQ'siaT A A P)IP t * ,e P ,cture< * 10 To storm. I AMM 1 man 's country. 11 game^at 1 cards b CtWR'Z J* Trackless. ds ' TE Wn I *s n - I .. AiJbii iNkfsMradsmArrf 2®£odent--14 E A C Bmaion CY& tM u “ ■all t 22 ? ru,e „ of disgust. K |*| s q HELEN 23 A creed. 16 You and me. LACMa WLLS 25 Prefare--18 Second note. _fDfl jOT MOODY I Fn°rmnf‘ - 19 Senior. NOPNfA BOPPP e? f HI f 20 Father. ! iic ioiDim ila r^riA 21 lnd,an *am--21 An abrupt 1 13 32 Paid publicity, thrust monster. premier? 35 Snare 23 Feline 43 Variant of "a " 58 Prefix mean- 37 Innuendo. anjn)a l 44 The pictured ing wrongly. 39 Type of ink. 24 Devoid of man's country 59 Capital of the 40 One who fitness wa3 res P° nst ' Pictured snubs. 26 Open flame. b,e for the man 8 country. 41 Pieces out 28 Twelve setting up ot VERTICAL 42 Skullcap* months. f the nation of 2 Mister. 45 Bivalve 29 The pictured _ 3 Soft food. mollusk. man is 47 Subsist* 4 Always. 46 Indians, sovereign of 48 Doctor. 5 The p ictur ed 49 Portuguese - money. 33 Calf's meat courteoua heforp hp 51 Noah s boat% 34 Drunkard. 51 Dye became ruler. 52 Postscript 36 Crazy. 52 Pastries. 6 Counterbal- 53 Street. 37 Turf. 54 Bottoms. anee 65 Exclamation 38 High priests' 55 Brought up. 7 Scalp used to startle, headdresses. 57 Who is the covering. 56 To 41 Serpent pictured man's 8 Anger. accomplish. I' T-4--5 I p I io *—*■—*— p—J -Pp, — 33—p p in ss i ■ LJ-JLmLIsA.

THE INDIANAPOLIS TIMES

INDIANA STOCKS AND BONDS

The following quotations do not represent actual bids or offerings, but merely indicate the approximate market level based on buying and selling Inquiries or recent transactions. ~ AUC *- Bid. Ask Belt Rail & Stock Yards, com 27'* 32’* Cent Ind Pwr pfd 7G 9 12 Citizens Gas Cos pfd 5". 63 67 Citizens Oas com ,14 17 Home T Si T Ft Wayne pfd 7% 36 40 Ind 8c Mich Elec Cos pfd 7", .. 69 73 Ind Gen Service Cos pfd t'*.. 65 69 Ind Hydro Elec Cos 7G> 25 29 Indpl.s Gas Cos com 40 44 Indpis Pwr 8c Lt pfd 6 61 65 Indpls Pwr * Lt pfd 6'iG,... gs 89 No Ind Pub Serv Cos pfd 6 g ... 33 37 No Ind Pub Serv Cos pfd s'*% 30 34 No Ind Pub Serv Cos pfd 7 7*.. 35 39 Indpls Water Cos pfd 5", 89 93 Ind Pub Serv Cos 67 35' a 39'* Public Serv Cos of Ind pfd 6%. 14 17 South Ind Gas 8k El pfd 1%.. 58 62 Terre Haute Elec pfd 6% 33 37 „ BONDS Belt R R * Stkvds 5s 1939 88 92 Citizens Gas Cos 5s 1942 88 90 Home TAW s' ; s 1955 97 100 Home T 8c T W 6s 1943 98 102 Indpls Gas Cos 5s 1952 71 74 Indpls Rys Inc 1967 29 32 Indpls Water Cos 4'*s 1940 98’* 100’j Indpls Water Cos 5s 1960 93 97 Indpls Water Cos 5s 1970 92' a 98’. Indpls Water C os 5'2.s 1953 100 103 Indpls Water Cos s'*s 1954 100 103 Kokomo Wat Works 5s 1958... 79 83 Lafayette Tel Cos 5s 1957 83 87 Muneie Water Works 5s 1939 92'* 96') Richmond Water Works. 1957. 84 88 Terre Haute Wat Wks 5s 1956. 84 88 Terre Haute Wat Wk 6s 1949.. 93Vi 97ii Traction Terminal Cos 5s 1957.. 45 49 Chicago Stocks Bv Abbott. Hoppln St Cos. TOTAL SALES 64.000 SHARES —Aug. 23 r, . . High. Low Close. Allied Products 14’* 13' a 13‘* Asbestos Mfg 4 3’J 3’i Bastian-Blesslne B'* Bendix Aviation 19S, 18 18'* Bcrc-Warner 21 20 20', E L Bruce Cos 19'* 18 18 Butler Bros 4V. |"rßhoff 13>. ii\ 13 Canal Construction ... ... 2'2 Cent 111 Pub Serv ofd .. ... 25'* Cent Pub Util 12 Cent 8: So West . . 2' 2 Cent 8c So West P L Dfd ... 18 Chi A- North Western 12'* 12 12 Chicago Corp Com 3 s , 3’i 3 s , Chicago Corp nfd ... 26 25'* 25'2 hicago Flexible Shaft 11 Cities Service 3 Commonwealth Edison.. 59 58 58 Continental Steel .. 7 Cord Corn 13 12>4 12*i Crane Cos 9'i 9 9', Crane Cos pfd ... 47 5 , Dexter Cos 6 s * 6 6 s * Greyhound Corp % s , Gngsby-Grunow 2’, 2 5 2 s * Gen Household Utilities 16 15 15 Hall P-intlng 6 1 * Houdallle-Hershey B s'* Kalamazoo Stove 23 : * Libbv-McNeil s’* Lindsay Light 3 2 s i* 3 Loudon Packing 12 Lynch Coro 37’, 36 s , 36 s , Marshall Field 15'2 14’, 14’, Mickelberrv's Food P .. 4 Middle West Utilities ... V, % '* Middle West Util 67 p a 2 Muskegon Motor S "A”.. ... 9 National Electric Pow A .. ... ', National Leather i^ 4 National Securities Inv 2 National Standard 23'* National Union Radio 1' Noblitt-Sparks Indus I 25 Northwest Bancorpora.. 7 s i 7 S ' 7 s , Oshkosh Overall 4 Potter Cos 3* a Prima Cos 36 25 25 Public Service 33 s 4 33’i 33 5 i Public Service N P 73 Quaker Oats 135 134 135 Railroad Shares 1 Rath Racking 21 s * Sea Utilities Shares ’, Sears Roebuck 42’* 40'-) 40' 2 Signode stl Strapping.. 2 s * 2'2 2 s * Sig Stl Strapping pfd. 9' 2 9 : * 9', Swift ACo 20', 19', 19', Swift Inter . 25', 24’, 24’, Thompson JR ... 9'* Utah Radio l’i I s , I’, Utility A Ind I s , Utility A Ind pfd 5 4 s , 4 s * Vortex Cup Cos "A" 26 Walgreen Cos . Com 17 s * Ward. Montgomery A 76'* Zenith Radoi 2 s , Births Bov* Frank and Margaret Coonfleld. 1741 Laurel. Clarence and Alta Moore. 440 Bell. George and Blanche James. 212 Bright street. Girls W. Frank and Ruth Arnold. 1537 East Raymond George and Evelyn Shannessy. 215 North Traub George and Flora Christ, 2630 East Eighteenth. Deaths Mvrtle M Keps. 30. of 3818 Central avenue, basterial endocarditis. Katherine Gallagher. 68. of 1645 Central avenue, cardio vascular. Susannah Petty. 80. of 1140 South State, cardio vascular. Hester Batteral. 27. of 407 West Thirtieth. acute cardiac dilatation. John J. Morgan. 62. of 1824 Dexter street, cardio vascular renal. Emily McNnv, 12, of Riley hospital, generalized peritonitis. Daisy A Jackson. 27. of 436 North Rural, chronic myocarditis. Mary Ann Cox 57, of city hospital, auricular fibrillation Kathleen Carroll, 11. city hospital, generalized burns. Theodore Pfafflen. 51, city hospital, suicide. Moses Dunson, 43. citv hospital, injuries. Theodore David. 28. 1731 North Arsenal, suicide Elizabeth Balfour. 73. of 1401 Fairfield, mvocarditis. Edwin Lillard, 61. city hospital, pnuemonia. Lydia A. H. Loutt. 72. of 2944 Jackson. uremia. Ravmond Artist. 26. of city hospital, injuries. Nora M. Eaglefenther, 53. of 2211 North Pierson, carcinoma. Nancy Sidone Surratt. 81. of 1427 North Delaware, arteriosclerosis. In the Air Weather conditions at 9 a. m.: Northwest wind. 4 miles an hour; temperature. 75; barometric pressure. 29.85 at sea level: ceiling, unlimited; visibility, 7 mlies; field, good.

SWINE VALUES HOLD FIRM IN STEADY RANGE

Slaughter Classes Slow in Cattle Market: Sheep Steady. No changes were made in hogs compared with Wednesday's average range of prices at the city yards this morning. Weights of 160 to 230 pounds sold for $4.45 to $4.50; 230 to 260 pounds. $4.10 to $4.35; 260 to 290 pounds. $3.80 to $4; 290 to 350 pounds. $3.50 to $3 70; 140 to 160 pounds, $3.90 to $4.15; 120 to 140 pounds. $3.40 to $3.65. Receipts were estimated at 5.000. Holdovers were 838. In the cattle market all slaughter classes were slow, the price trend weak to lower. Bulk of steers were to sell under $6. Not many heifers were sold above $5.50. Cows brought $2.50 to $3.50. Receipts w’ere 700. Vealers were 50 cents higher at $7.50 down. Calf receipts were 600. Sheep were steady, selling mostly at $7.50 down. A few choice ewe and wether lambs brought $7.75. Receipts were 2,000. Asking on hogs at Chicago was fully steady at Wednesday's average. with no early bids. Receipts were estimated at 32.000. including 7.000 direct; holdovers, 4.000. Approximately 15.000 pigs and 500 sows were eligible for government buying from today's receipts. Cattle receipts numbered 10.000; calves. 1.500; market unchanged to around 25 cents lower. Sheep receipts, 15,000; market steady. HOGS ?,“*• 4 Blk- Top Receipts. }J- 14 50 8 000 }?• 4.404* 4.55 4 55 5 500 2l' 21. 4.65 b 4 70 4 75 6 500 23' I f*? i 25 4 85 5.500 ??• 4 4 -V:'. 450 450 7.000 24. 4.454* 4 30 4 50 5,000 Market, lower. Market, steadv. Light Weights—'Good and choice... 445 (180-2001 Good and choice . 445 „„„ __ —Medium Weights—--2° and choice... 450 (.20-2501 Good and choice... 420 445 —Heavy Weights— Good and choice... 3.804) 410 ( 290-3501 Good and choice . 3 504* 370 —Packing Sows—(3so down> Good 3.004? 325 (350 up 1 Good 3 004* 3 15 (All weights* medium 2.754* 30b —Slaughter Pigs—-(loo-1301 Good and choice... 2 904 t 3.40 CATTLE ... Receipts. 700; market, steady. (1.050-1,1001 Good and choice $ 5 5047 7.25 Common and medium 3.504) 550 (1.100-1.5001-Good and choice 5.504i 7.25 Common and medium 4 00 if 5.50 —Heifers — (550-750) Good ar.d choice 5.004? 6 25 Common and medium 3.25 W 5.00 (750-900* Good and choice 4 504*6.00 Common and medium 3.00<h4.50 —Cows— Good 3.004? 3 75 1 Common and medium 2.25'<* 3 00 \ Low cutter and medium 1.254j 1 2.25 —Bulls (yearlings excludedi Good (beefi 3.004? 3.501 Cutter, common and medium.. 2.00® 300 VEALERS Reeeipts, 600; market, steady. Good and choice $ 7 004? 7 50’ Medium 5.504* 700 Cull and common 4 004? 5.50 —Calves— (250-500* Good and choice 4 004? 5.50 Common and medium 2 004f 4.00 —Feeder and Stocker Cattle—-(soo-800* Good and choice 4 504? 5.75 Common and medium 3004 j 4.50 (800-1.5001-Good and choice 4.504? 5.75 Common and medium 300 a 4.50 SHEEP AND LAMBS Receipts. 2.00(1; market, steady. —Lambs. Shorn Basis—(9o If down( Good A choice S 7.004? 775 (90 lbs. down) com and med.. 3.004? 6.50 —Ewes— Good and choice 2.004? 300 Common and medium 1.004* 2.00

Other Livestock BY UNITED PRESS CHICAGO. Aug 24.— Hors Receipts. 32,000. including 7,000 direct: 15.000 pigs and 500 piggy sows: slow, fully 10c lower than Wednesday; 180-220 lbs. $4 40',,4.50; top $4.50; 230-350 lbs . $3.40'„4 40; light lißhts. $4 25 down; commercial pigs, $3 50 down; packing sows. $2.80',, 3.35; light lights 140160 lbs, good and choice. 53.75'<; 4 30; light weight 160-200 lbs., good and choice. $4.10(rt4 50: medium weights. 200-250 lbs . good and choice, 54.20h4.50: heavy weights 250-350 lbs., good and choice, $3,406* 4.30: packing sows 275-550 lbs., medium and choice. 52.50',, 340; slaughter pigs. 100-130 lbs., good and choice. s2,so'■< 3.75. Cattle—Receipts. 10,000; calves, receipts. 1.500; few early sales and bids fed steers at flat 25c lower: few loads good to choice 174 lb. averages. $7.35 to shippers; this low criterion of general market; downturn promised $5.10 to light heifers and mixed yearlings; early top light heifers $6.15. but bulk of heifer crop carrying considerable weight: other killing classes mostly steady: vealers stronger and very scarce; slaughter tattle and vealers: steers 550-900 lbs., good and choice. $5.50',, 7.25; SOO-1100 lbs., good and choice. $5 60'„ 7. 1100-1300 lbs, good and choice. $5 606*7 25 1300-1500 lbs., good and choice, $5 50'„ 7 40; 550-1300 lbs . common and medium. 53'„5.50: heifers. 550-750 lbs., good and choice. $4.75'., 6.25; common and medium. $2 50',, 4.75; cows. good. $3 50',, 4.75; common and medium. s2.3s'''* 3 50; low cutter and cutter, $1,256*2.35: bulls, yearlings excluded, good, beef. $3 25',, 4; cutter, common and medium. $2 40',, 3.40; vealers. good and choice. $6,504*8: medium. $6'„6.50; cull and common. $44)6: stocker and fepder cattle: steers. 500-1050 lbs., good and choice. $4.50',* .*.25: common and medium. $2 75',, 4.25. Sheep—Receipts 15.000; earlv sales and asking prices around steadv; some bids 25c lower; selected natives. $7 40',, 7.50: bulk bid down to $7; sheep steadv; slaughter sheep and lambs lambs 90 lbs. down, good and choice. $6 50',* 7 50; common and medium. $3.754,5.75 ewes 90-150 lbs . good and choice. $1 50'„3: all weights common and medium. $14)2; feeding lambs. 50-75 lbs., good and Choice, $5.85',, 6.35. CLEVELAND Aug 24—Cattle-Receipts. 350; most of which were southwestern and western steers and heifers of common quality: market, slightly lower for common cattle; steady on others: choice steers. $6,504*7 25: common. $4 75 downward to $4 : heifers, good. $s common. S4 50 downward to S3 75; cows and bulls, unchanged; calves, receipts. 500; good, active, market with prices lull v steady at Wednesday’s close; top. $8 50; choice to prime. sB4*B 50; common. $5 50 down. Sheep—Receipts. 2.000; market, lower and oft 15',,25c on choice lambs: choice spring lambs. $7.50.,7 60. common and cull. $5 down; choice wethers. $2 504*3 25. choice ewes s2'-*3 Hogs— Receipts. 1.100; market, steadv with Cleveland's butchers taking the day's run; heavies. $4,254*4.40; choice arid light butchers. $4 404/ 475 according to grace; thin and, common hogs 100 lbs. up $4 50 stags. $24*2 25 PITTSBURGH Aug 24—Cattle—Receipts. 12: market steadv Hogs—Receipts. 2.500: market. 10c lower, activegrime heavies 240-300 lbs.. $4 254/4 60 eavv mixed 210-240 lbs . $4 60',, 485 mediums 180-210 lbs. $4 854*5: heavy Yorkers $4 504*4.0; light yorkers 120-145 ibs . *3 ‘54)4; pigs 90-115 lbs.. $34*3 50: roughs. s3 /'3 25 Sheep and lambs—Receipts. 2.500. market slow, lower: iambs good to choice 90 lbs down. $7 254(7 75- medium 90 lbs down. $3,, 5 medium 91 lbs. up. $5,504*6 50. sheep wethers, prime $2.756)3.15: fair to good $1.75**2 25: ewes medium to choice. $14,2 50 Calves—Receipts. 150: market, active steadv: vealers. good. $6 75', 750 medium. $4 50'', 6. heavy and thin. $2,504,5 50. FT. WAYNE. Aug. 24—Hoes—Steadv, 10c up: 200-225 Ibs. $4 50; 225-250 lbs.. $4 35; 250-275 lbs.. $4 10; 275-300 lbs. $3 95: 300-350 lbs. $3.75; 160-200 lbs.. $4 45; 150-160 lbs., $4 15; 140-150 lbs $3 90 130-140 lbs . S3 60: 100-130 lbs . $3 10; roughs. $3; stags. $2. Calves—s 7. Lambs—s 7. Cattle—Steady. By Time* Special LOULSVILLE Kv . Aug. 24 —Cattle—Receipts. 225 including 74 direct: market alow, mostly steadv: bulk grass steers and heifers salable $34*4; few to $4 50: better finished fed kinds eligible to $6: bulk be*'f cow* $2 25H 2.75; low cutters and cutters. $1.254,2. sausage bull*. $2 75 down; nstlve stbekers salable mostly $4 down best Hereford stock calves to $5 and above' Calves—Receipts. 300. steady; bulk better grades. $5 a 5 50; some strictly choice handv weight mi.kfed vealers to $6 heavy grassers discounted, medium and i£I er . * r , d c*- 4.50 down. Hogs-Receipts. 900. 5c lower: 180-235 ibs . $4 50; 240-275 2*,. * 4 ,05 2W • UP. S3 80: 140-175 lbs . $3 65; 135 lbs., down. $195; sows $2 65 **•- - 81 ®° Sheep—Receipts. Receipts. 1.000; Ismbs. steady with undertone, weak: !*>*. $6 759 7: choice S'trie to S, 25 and above; bucks mainly J** ewes. sl®2; bulk better stock ewes. $64*,; Plainer Wednesday Cattle. 22*: calves. 279: hogs. 719 Shipment* Wednesday: abmL’aiL 205 ' *“**• * &d |

All. Chemical Am. Smelting Am. 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.

* --1 Ul4 *- .' >r U 7 >4 II „ 72 1 L - r ; 7 i l 1— 7 , I T 70| 1 1 1— 70 69; J ’-t —ls; 4 1 69 zntEpb ]i===zp— 1% 566 —j—— I— --'fLtnzn„ i 6 y - pj=Ejr |j-i 1 iiijEEppEEfE—=4=3H r±=:;s wsc •—i— .1 min: i : -11° a. ' I ; 56 a W 55 ; 1 J 1 5S *s* 1— r- 55 I “cniz:—zzzzzzz“~zi 62 2 7 " -est ill 111 \/ Vy f 6 3~; f tjtiirrilli iTiri r I;;;SiilMdfeitlfc l s 1

ThLs 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 a glance.

$7,000,000 in Soviet Bonds Find Easy Market in U. S.

Produce Markets

Delivered In Indianapolis prices: Hens, heavy breeds over 4'* lbs.. 10c: Leghorns. (C. Broilers: Colored sorlnKers. I‘* lbs. up. 10c; springers (Leghorn'. I'* lbs. up. 7c: barebacks. 7c: cocks and stags. 6c. Leghorn cocks and Leghorn stags, be. Ducks, large white, fuii icamerea and fat. over 4 lbs. 4c; small and colored. Jc. Geese, full feathered and fat, 3c. Young guineas. 20c; old guineas. 15c. Eggs—No. 1 iresh country run eggs. 11c. 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. 254*26c: No. 2. 23c. Butterfat 17c. Quoted bv the Wadlcy Company. BY UNITED PRESS CHICAGO. Aug 24.—Eggs—Market firm prices '*c higher. Receipts. 8 383 cases; extra firsts. 154* 16c: firsts. 14iil5'*c; current receipts. 124*i3'*c; dirties. 11 >*c. Butter- Market unsettled, prices unchanged to lc lower. Receipts 11,688 tubs; specials, 22'*'', 23c: extra? 22c. extra firsts. 21 'u2l'2C; firsts. 18'*4* 19'*c. seconds. 17 •> 18c. standards, 21'c Poultry—Market steady Receipts. 40 trucks; fowls. 104,11'jc; leßhorn broilers 10c. leghorns. 8c; ducks, 74*9c; turkeys. 104* lie; roosters, 7c; broilers. 9'(l2'.c. Cheese—Twins. ll s *c 4* 12c; longhorns. 12’,4j12'2C. PotatoesOn track. 140; arrivals. 30; shipments. 300; market about steady. Wisconsin sacked whites $2.25 <*2.35 Nebraska sacked cobblers. $2 404*2.45; Idaho sacked. $2.50 ’'2 55: Colorado sacked triumphs, $2 70; Wyoming sacked round whites. $2.45 triumphs. $2.50. CLEVELAND. Aug. 24 —Butter—Market barely steady; extras. 26c. standards. 25' *c. Eggs—Market steady; extras. 18c; current receipts. 14c; extra firsts. 14'*c. Poultry—Market weak; heavy fowl. 13c; medium fowl. 114i3c: Leghorn fowl. 9c. heavy broilers, 13*'* 15c; Leghorn broilerF, 11c; ducks. 84ii0c. old roosters. Bc. Po-tatoes-New Jersey. United States No. 1 cobblers. $2 75 per 100-lb. sack: Lon? Island. $2 804* 2 85 per 100-lb. sack; Idaho Russet Rurals. $3,254*3.40 per 100-lb. sack. Other Livestock BY UNITED PRESS EAST ST LOUIS. HI.. Aug. 24 —Hogs— Receipts, 9.000. market fairly active and generally steady to strong, except on pigs on which market not established; fewlight lights 10c higher; top. $4.50, bulk 170-230 lbs.. $4 354*4 50; 230-240 lbs . S4<* 4 25; few 240-260 lbs.. $3,854*4; 140-160 lbs.. $3 854*4.35; sows. $2,654)3. Cattle Receipts. 2,500: calves, receipts. 1 200; market not established on steers; one load choice 1.100-lb. yearlings steady at $6.50. indications weak to lower bn others; market opened generally steady on other classes with vealers 25c higher: mixed yearlings and heifers. $4,504* 5.50; cows. $2 504*3: low cutters. $1,354* 1 65; top sausage bulls. $2.90; good and choice vealers. $6 75. slaughter steers. 550-1.100 lbs., good and choice. $5 254) 6.75; common and medium. $3?j5.25; 1,100-1.500 lbs., good and choice. $6,254*6.75; good. $5.25 4*6 25; medium. $3.75 * 5.25. Sheep—Receipts. 2.500; market opened steady to shippers and small killers; better lambs. $7 25: few $7.50: packers talking lower; common throwouts, $3.50; smughter ewes. $14)2 75: lambs. 90 lbs. down, good and choice. $6.50 <17.50. common and medium. $3 50'-i 7 50; yearling wethers. 90110 tbs., good and choice $44*5; ewes. 90150 lbs., good and choice. $1,504* 2.75; all weights, common and medium. sl4*2. EAST BUFFALO. Aug 24 Hogs On sale—Receipts. 1.600; practically nothing done, with few early sales of desirable 170 to 220 lbs., c and 10c lower: most bids off more; few 290 10s. butchers sold at $4 25: 120 to 150 lbs.. $4 504) 4 75. Ca’ilc —Receipts. 150; fairj.v active, steady; medium steers. $5.60; plaine grassers. s44* 4 60: cutter cows. $1,754*2.50. Calves— Receipts. 100: vealers unchanged: good to choice $8: sparinelv. 58.50. Sheep—Receipts. 1.200: holders. 400, lambs draggy. 10c to mostly 25c lower: good to choice ewe and wether lambs. $7.50; few $7.75; 1 medium kinds and fat bucks. $6 50. TOLEDO. Aug. 24 —Hogs—Receipts, 200: market steadv. Cattle Receipts. 150: market steadv. Calves—Receipts, light; market steady. Sheep and lambs Receipts. light; market steady. CHICAGO FRUIT MARKET R>l T'nitnl Prr** CHICAGO. Aug 24—Apples—Illinois and Michigan wealthies. bushel. 90c4*51,15: Michigan Duchess 90c4*tl: Wolf Rivers and Alexanders, sl'il.ls. Pears—Michigan bushel. $1 254* 165 Cantaloupes Michigan. 25 f* 75c Carrots—lllinois. I l *** 2c. Eggplants—lllinois. 504*85c. Spinach: —Michigan and Illinois. 404) 60c. Cucumbers—Michigan. 254* 60c. Illinois 254i40c. Beans—lllinois and Michigan. 78c4* II; j Michigan llmas, 504*75c Beets—lllinois, lfl’ac. Cabbage—lllinois. $14*1.25; Wisconsin and Indiana. $1 254*1 50. Celerv —Michigan 35'-<6oc Peppers—llllnoi*. 40 4*75c: Michigan 654)75c. Corn—lllinois. I diana bushel. $22.75; Michigan, bushel. $1 254) 1.50. Tomatoes—Michigan. 204/25c Illinois. 254*40c. Plums—Michigan, 60c4* *l. Onion market California yellows, bushel. $1,154) 1 25. whites, bushel. sllo4* 1 1.25 Illinois and Wisconsin, yellows bushel. 75c4) sl. Indiana, whites, bushel. ; sl4? 1.25.

Contract Bridge

BY M. E. M KENNEY Secretary American Bridge League A PLAYER'S real ability at the bridge table should be judged on how strong a defense he can put up. It is surprising the number of platers who can handle the dummy well but who fail miserably on defense. The following defensive play is not extremely difficult, and I was pleased to note, in the men's pair game at the national championship tournament of the American Bridge League at Asbury Park. N. J.. that few pan; tailed to put up the proper defense. South and West both passed and North opened the bidding with one spade. East overcalled with two hearts. South bid two spades—this overcall of two spades is a highly constructive bid. North responded with two no trump and South went to four spades. n a a EASTS opening lead was the fourth best club which won in dummy with the ace. A small spade was won with declarer's ace and another spade returned and won In dummy with the king. The king of clubs was cashed and the declarer then trumped the four of clubs. He next played the ace of diamonds aad here is where

Inti. Harvester Johns-ManviU* Nat. Biscuit Pub. S. of N. J. Scars Roebuck Stand, of N. J. Un. Aircraft f. S. Steel Union Pacific Westinghouse

No Salesmen, No Pressure Used to Move Russian Issue. Bit Time* Special NEW YORK. Aug. 24—Without a single salesman and Without an ounce of high pressure, $7,000,000 of Soviet Russian gold bonds are being vended successfully to the American public. Miles M. Sherover, young president of the Soviet American Securities Company. 30 Broad street, revealed this week. “Within three months at most every bond will be sold,’’ said Sherover. "It was an experiment and here in Wall street it is considered a miracle. In less than a month we have sold a good part of the issue, during a time when it would have been impossible to sell almost any other foreign government bonds. Americans who have bought these Soviet bonds come from nearly every walk of life and include many who have prospered under the capitalistic system and aj>parently seek only safety of capital with satisfactory interest, he said. The Russian bonds bear 7 {)er cent, payable quarterly. Market Is Guaranteed Lawyers, business men and workers. predominate in the subscription list. The largest subscription was $50,000. There were numerous $25,000 subscriptions. The average purchase was over SI,OOO. A novel feature of the bonds is the fact that the market for them is guaranteed by the state bank of the U. S. S. R.. which offers to repurchase them from any holder at any time on demand after one year from the date of purchase at par, plus accrued interest. “An interesting point.” asserted Sherover. “is that mast of the larger subscribers have written letters explaining why they are investing. In general, they say that they are convinced the Soviet government assures safety for their capital. Investors. even those who believe firmly in the capitalistic system, are impressed by the fact that the Soviet Russian government has not defaulted on a dollar during the last fifteen years.” First Offering Abroad The 10.000,000 rubles of ten-year bonds is the first Soviet issue ever offered publicly abroad. Preceding the public issue. Sherover and his associates sold a smaller issue of the bonds, starting last December, by mail circulars. In 1928 ihe Chase National bank considered offering Russian bonds to American investors, but the venture was frowned upon by the state department. Significantly, the Sonet American Securities Company offered the present issue without any direct application to the state department. Sherover a construction engineer, became interested in Russia as a business man. He made his first trip to Russia in 1927. strictly for business purposes. In 1930 he was summoned there by the government as a consultant. He said: “The Russian government will not borrow any more money, either internally or externally, than it can pay back. The bonds we are selling are really internal bonds. More than 43.000.000 Russians have bought these bonds.”

4k A-Q-7-4 V K-5-4 ♦ A-9-4-3 *B-5 VQ-8-3 [NORTH] ♦ K- 1 °- jr m 10-9-2 8 uj (j) 4 J-6 * J-9- $ H +Q-10-6-3 Dealer 7.2 south! 4K-10-9-P V 7-6 ♦ Q-7-5-2 East had an opportunity of making a good defensive play. If he plays a small diamond, the declarer will lead another diamond and let him hold the next trick with the jack, and then all he can do *s cash his ace of hearts and the declarer's contract is made. However, if West plays the jack of diamonds on the declarer's ace, the declarer can not help but lose two diamonds and two hearts as West is going to be in on a diamond and can lead through his king of hearts. iCopyrigrit, 1931, tap MSA Otzvipt Writer)

PAGE 11

GRAIN OPTIONS WEAKENED BY DROP IN CORN

Cash Month Under Pressure in All Cereals: Action Is Light. BY HAROLD E. RAINVILLE United Ptm Stzff tnrrr.Dondrnt CHICAGO. Aug. 24*—Continued weakness in corn affected other grains as the Board of Trade opened today, and with liquidation selling in the cash month of alll grains, wheat dropped \ to 1\ cents. Corn was off 'i to 1 * cents at the start. News was scarce and somewhat confusing Stocks and cables were weak. Trading was small at the start with support poor. Oats was ' to S cent lower and rye 4 to I's cents down. Provisions were slow and about steady. Attention is centered on the cash situation, which appears to be growing stronger daily. Premiums are being advanced at terminal markets and receipts are falling off in the southwest. This is an aid to futures, but the trade is upset by the Canadian situation. Liverpool was weak, off IS to l 7 x cents. Many operators feel corn will be held in check until liquidation of September is out of the way. There is a large open interest in this month and first delivery dav is not far off. Oats has been dull recently, although displaying a strong undertone. Rye has been in demand by milling interests. Chicago Primary Receipts —Au*. 23 Last Today, week 1 151.000 744.000 Chicago Futures Range ~ Aur. 24 Prev. WHEAT— Hi eh. Low 10 30 Close. Mav • 95’, 94’, 95’, 95 s * CORN— SePl 51 s . 50 s , 11% 51’. S'* - 56 1 * 55 5 . 56' * 56’, MV 62 61 62 62'. OATS— Sent 38', 37 s . 38 37 s * pee 40’, 39’. 40’, 40'* Mav 43 s , 42’. 43 s . 43‘, RYE— Sept 72'.- 7! i 72' 72 Gee. 78’* 76’. 78' * 77% M v . 84', 82'* 84'. 83', BARLEY— Sept 53 52'* 53 52 Dec 54', 56’, 58', 57% TOLEDO CASH GRAIN By t'nitnl Pro* TOLEDO. Auk. 23.--Cash ?rain close: Brain in elevators, transit bllime Wheat No. 2 red. 88'-<<( 89' :c No 1 red 14** l'*c premium Corn No. 2 yellow 575? 58c Oats o 2. 4041 41c Rye—No 2. 794/ 80c Track prices. 28'.-c ra’e Wheat No 1 red. 84' 4*B6r. No 2 ird. 83’.-4c 84‘*c. Corn-No 2 yellow 52'. 53'*r: No 3 yellow. 51'*4*52'*c. Oats No 2 white. 37' *4* .38' *r. No 3 w hile, 35i38c. Toledo seed close Clover Cash 57 75; Oct . SB. I)CC. $8 25. Alslke Cash $8 50; Dec . $9. Toledo produce clssr Butter Fancy creamery. 26r E??s- Extras. 154* 15'2C. Hay—Timothy, per cwt , 70c. CHICAGO CASH GRAIN By I'nttcd Pro* CHICAGO. Auk. 23 —Cash (train close; Wheat No 2 red 89c, No. i hard. 89'*c; No 2 hard. 89'</89',c. No. 2 mixed. 8!*c; No. 3 mixed. 88c. Corn— No 2 mixed. 53c; No. 4 mixed. 52'*c; No 6 mixed. 50c: No l yellow, 53',c; No. 2 yellow. 534** 53'2C; No 3 yellow. 52'*4<53c: No 4 yellow, S2'2C. No. 5 yellow 51 s , c. No. 6 yellow. 51c; No. 2 white 55' 2 4* 55’iC Oats No 2 white 374) 37’,r. No 3 w hite. 36' *4* 36 5 ,c; No. 4 white. 36c sampl* grnde. 30r Rye—No sales. Harley 424/ 6c Timothy—s 4 50',/ 4 75. Clover slo4y 12.75. NEW YORK CASH GRAIN By T'nlti <1 Prr** NEW YORK. All?. 23 —Cash ?rain: Wheal No 2 red. $1 03. No. 2 hard winter. $1.05. Corn No 2 mixed 53’,c. Oate No 2 white. 40%c. All quotes C. I. F. New York. ST. LOUIS CASH GRAIN By T nilrd Prr** ST. LOUIS. Au? 23. -Cash ?raln WTieat —ln ?ood demand l'*c higher ori red and 2c hiKher on hard No 2 red. 91c No. 2 red Rarlickv. 85c; No. 5 red Karlickv 87c; No. 1 hard, 91c. No 1 dark hard. 91c. Corn In Rood demand, unchanged io '.o higher; No 2 yellow. 534/ 54c: No 3 yellow. 53'*c: No 5 yellow, 51c; No. I white, 56' *c: No. 2 white. 564, 56' *c: No 6 white. 48%4*> 51c. Oats—ln fair demand, '*4*lc higher; No. 3 white. 36'*4* 37c. Indianapolis Cash Grain —All? 23 The bids for car lots of gram at tha call of the Indianapolis Board of T'ade. I o h. shipping point, basis 41% New York rate, were: Wheat Steady No 1 red. 794,80 c No. 2 red. 784,79 c; No 2 hard. 784,79 c Corn Steady. No 2 white. 49'-4*!W%e’ No 3 white. 48%',,49'jc. No 2 yellow' 47’ .’4, 48' *c; No. 3 velloo . 46%4>47%r No. 2 mixed. 46%4,47 %c. No. 3 mixed. 45%t 46'*c. Oat*—Firm; No 2 white. 31 %4,32%c: No 3 white 30%4,31 %c Hay -Steady; if. o. b country point* taking 23%e or less rates to Cincinnati or Louisvillet. No l timothy. $64,6 50; No. 2 timothy. 85 504)6. —lnspections Wheat— No. 1 red, 2 cars. Total. 2 cars. Corn—No. 1 white. 2 cars; No 2 white. 3 cars; No 3 white. 1 cars; No 2 yellow. 1 car: No 4 yellow. 4 cars; No. 5 yeliow. 2 cars. Total. 14 cars. Oats—No 2 White. 2 cars: No 3 white, 10 cars. No 4 white. 1 car; sample wnlte, 1 car. Total. 14 cars INDIANAPOLIS WAGON WHEAT Citv grain elevators are paving 77 cents for No. 2 soft red wheat. Other trades on their merits. 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. 7 fifth vela lump 15 25 egg. $5: mine run $4 75 Indiana No. s—Lump. $5: egg $4 75 West Virginia—Lump. $6.50. egg $6 25; mine run. $6 Eastern Kentucky—Lump. $8 50: egg. $6 25: mine run. S6 Pocahontas—Shoveled lump. *7.75: egg. $8 mine run. $6 75. New River Smokeless—Shoveled lump. $7 75: egg. $8 Seml-Smokele**— Egg or lump. $7 25. Coke—Egg or nut. $8; pea size*. $6 7S. In the Cotton Markets —Aug 23CHICAGO . High. Low Close. January 10 04 9 72 9 72 March 10 19 ill 9 90 Mav 10 34 10 08 10 08 October 9 72 9 41 9 42 December 9 95 9 61 9 62 NEW YORK January 9 56 9 65 9 77 March 10.15 9 84 5 85 May 10 30 10 OO li* 09 July 10.42 10 17 10 18 October 9 67 5 35 9 35 December 9 *7 9 55 9 5L NEW ORLEANS - r-i% January 9 88 March 10 06 . 2 9 , ;J | •' 10 90 10 00 October ioij inf? D *" mb, ‘ r *v *ft JO 932 insurance—- _ ' t -’ ne * except Life .*'• Burke & Cos. Corpora ted T ITt pHo?p CIRr , E TOWER __ PHO * RUey uu ( lit# Insurane., Tales “ the IF Out of L-l-F-E Ward H, Hackleman And Aasnriatea *•>=. Mfe In., c.