Indianapolis Times, Volume 45, Number 95, Indianapolis, Marion County, 30 August 1933 — Page 9
AUG. 30, 1933.
Wall Street.
Unemployment Figures and Rate of Business Activity Suggest Normalcy Above 1923-1925. By RALPH HENDERSIIOT
Turin Special Financial Writer The federal reserve board Is authority for the statement that the rate of business activity in July was 95 per cent of the average rate for 1923. 1924 and 1925. Since those years have come to be regarded by many economists as closely approaching ■‘normal,” the fact that there was probably around 10.000.000 people out of work in July makes it rather obvious that the mark of reasonable prosperity at which we are shooting must be raised considerably above those levels. Unemployment estimates range over a wide area. In fact, this country never has had a satisfactory system of checking its workers. It is thought, however, that probably 2.000.000 people have been put back to work thus far under the NR A. which would leave around 9,000.000 still unemployed. It is assumed by many that 3.000.000 unemployed represents a onrmsl condition, so that 6.000 000 people must still be put track to work before we can regard trade and living conditions
as satisfactory. Inasmuch as this country appears to have embarked upon planned national economy, it would seem that among the first things to be done by the socalled Brain Trust in Washington would be to get Its bearings. It is pretty difficult to reach a goal If we do not know where we are, where we have been or where the goal we seek is located. Perhaps this will come later, however, for we do know that conditions are bad. that they have been worse and that of immediate concern is the problem of making them better. M U tt Basis for Bank Loans General Hugh S. Johnson, national recovery administrator. gives a copyrighted article in the September issue of the Bank Director the basis upon which he thinks banks can expand their loans to industry' and no doubt also the basis upon which he
Ralph Hendershot
made his recent criticism of the institutions for not co-operating fully * lth Johnson believe the banks are not justified in limiting loans to corporations or individuals in business purely on their current financial standing and their current earnings. He believes they should go into the past records of the prospective borrower and see what he was able to accomplish under favorable conditions. * n a Should Base Loans on Confidence While he does not say as much, the general apparently believes that the banks should have sufficient confidence in the NRA to make their loans on the basis of better business. And. even though they do not have such confidence, he seems to feel they should make the loans in order to co-operate with the recovery program. The adoption of the administrators policies in loan making would constitute a rather abrupt liberalization of banking principles. And, being by nature inclined toward conservatism, bankers probably will oppose the idea. ______________
New York Stocks ■— ,Bv Abbott. Hoppln & Cos.) “—— —
Oil, AU * 10.30 prev. OI Hier. I*~. =DT. close 41 s * Atl Rfe 29 ‘ 9*4 Consol Oil {3,,? Cont of Del 17 Houston (new S Houston (old 30 Mid Cont Pet * Ohio Oil 14 ' 4 j? 3 “ PhtlliDS Pet 7 ” ‘J? Pure Oil 33^! Roval Dutch 33 * Sbd Oil o gs* Simms Pet 10 * ' i Skellev Oil X 2% Soc V®C •• ••• SO of Cal 38 * 3?,* s O of Kan iga* Sun Oil ••• '2S J 25 s * Texas Com 23 4 iS 4 Tidewater Oil Ss. Tidewater Assn Un Oil of Cal 4U * Steel* — 24 !4 *o®** ■* * Bvers Ag?! Col Fuel * Iron 1 ,su. Cruc Steel . Gulf Sts Steel TV Ludlum Steel 0 2 % McKeesport Tin 93 ”1 * Natl Steel Vjji, Reo Iron & steel jf * Reo Ir fir Stl qii U S Smelt 2 ~i 4 Vanadium 31 * tl Midland .. . ■■ •• ••• jg*i U S Pipe A- Fdy ■ ‘2 U S Steel I* 94,* U S Steel pfd 94 4 ,* Younsstn S & T .. ••• AtKflSJr to’. 8934 8934 ™ M tUnt 35% 351, 35% 3 it gSVohio :: 48 48 4 ^ CMAt St P 94 J 4-, CMASt Ppf jj w 1? Chi R Isl • 12 i! Chi R I 7% PM *2 Del & Hud 2 3% 24% Ort Northern 4S vf 111 Central 7* K C Sou iSjii Lou A Nash 13 Mo Pac 10 Mo Pac pfd ij,, i-v 4 N Y Cent 81 % Si 4 N Y Chi A St L # 4 ‘ N Y C A St L pf , 3 ", 4 N Y New Haven *f 4 N Y Ont A Wes 4 Norfolk A Wes *27 3 Penn R gs " Reading 32 feu r“r 33 33 '• 33 W Maryland ... 13% 13 s * 13 s * * Motors — *IU fit Chrysler . . 45% 44% 45% 45% Gen Motors 33 4 3 2Hud*on* Motor * :: ::: *• >\'- Mac it Truck 38,9 Packard 5 a ?, 4 Stuehaker 1 * V Yellow Truck ••• Motor Access— lg x 4 Bohn Alum 48 4. * 4. 47 * Bora Warner 20% 19 . Budd Wheel ,2, Eaton Mfg 13 Elec Auto Lit* ~ Houd Hershey ••• 2, 4 Mullins Mfc 22 Murrav Body Bs*8 s * 8 * Stew Warner - ■ 4 Timken Rol 31 * 31 * Minlnf— ~ Amer Smelt 40 V, 40 a Anaconda 77,4 18 £ Cerro De Pasco 38 4 Ot Nor Ore 13 s * 13% Homestake Min 3 22., 3 2i,. Howe Sound 2i% 2* * Ins Copper 2 Int Nickel -0% 20% Kennecott Cop 23% 32* Noranda Cop ... .. ... 34% 35 Phelps Dodge I s * Tobaccos— Am Snuff 48 • Am Sum Tob .... ... • • Am Tobacco A 88 * 8. Am Tobacco B *5 Gen Cigar 39 ,- Ltfg A Mvers B „ 95 . Lorr-'lard 22 * 32 Reynolds Tob 8... ... 52* .3H Equipments— Allis Chalmers ™ Am Car A Fdy 32% J 2% Am Loco ... ... • ■ ■ I*l^ Am Mach A Fdy 23 4 18 . Am Steel Fdy 23 a Bald Loco 14% 14% Burroughs - •**, ii,* case j i 77 ** 771 4 2l H Cater Tract 23% 21 Colgat Palm Peet 1® • Congoleum Poster Wheeler 18 Gen Am Tk Car .. ... 25% Gen Klee 39 % 43 4 Gen R R Sig 47 Ingsol Rand .V| 4 Int Bus Mach Int Harvester 41 % 41 * Kelvinator 4., ii. Natl Cash Ree 20% 30 1 Proc A Oambte 43 Pullman Inc 34 * Simmons Bed ••• 4 ® 4 Und Elliot ..... .. ... *3311, 33 West Air B 33 a 33 Westingh E'oc_ 12^* Woi thington Pm 43 I’UHtie* — Am A rot Psr 14% 14% {■tW :: ••• • 73871 Wat Wks 30% ?orhZ'*°&c-:: ::: % 3% cSStof Gas ... 50% 50% 50% 49% ri# :: ::: ::: 3% Bu t* f ... n% n% 17% n% Lou O A E A 20 Vat Pwr A Lit.. .. ... 14*4 14 * North Amer ... 34% 24% 34% 24% pac OA E 24% 24% 24% 24 Pub Ser N J ... 41% 41% So Cal Edison 30% 20% Std Gas 16% 15 Btd Gas pfd 16% United Corp ,8% 8% Un Gas Imp t 9% 19% Ut Pwr A Lit A 4 Western Union 69% •abbera— Fires ton* .. 36 a Goodrich 17% 17% 17% 17% Ooodvear 39% 39% U 6 Rubber .... 19% 19% 19% 19% U 8 Rub pM 32 KM Spring 4% Amusement#— Crosier Radi* 10 Bs Film 15% rws Inc u MH 33 Radio Coss....Mt M 41* I
Warner Bros * 0/8 Am Sugar * Armour A 3 ■ .Su Beatrice Cream Borden Prod 23 iL* Canada Drv O A1 .. ... 31 * 8 Coca Cola ~3 j Cont Bak A i2, 4 Corn Prod 33 ;, 2. ( 2 Crm of Wheat 3433 3 . Gen Foods 37 S,/ 4 Gold Dust itil Loose Wiles Natl Biscuit 4 3 i, Natl D Prod J? 1 * 19 2 Pet Milk 44 , a,; s'Forto B Ric'o Sug 44% 44% 41% 44 1 * Std Brands 28 2 S? 3 + United Fruit * Wriglev 52 5 “ Retail Stores— Ass Drv Goods a,, 4 2,® Oimbel Bros 6 4 Gimbel pfd Gr Un Tea i,? Hahn Dept Sts ,2 8 Kroger Groc 27 2 i',? Mont Ward 27,4 2 2,® Safeway St .... •• ■■■ 4 ,i? Sears Roebuck .43 42 a 43 43 Woolworth 39 *> 39 * Ayiat!o t n° , Corp .. 11% H% 113/4 Douglass Air 4 “/® Curtiss Wright 3 % 3 Curtiss Wr A Nor Am Av - •- • • ■., A4 q 333. United Aircraft. 39*/2 38 38 da s Chemicals— in?3/ Air Reduction J® 2 ,. 4 Am' e Com h AlCOhbi 66% 65% 65% 66% Col Carbon •• ••• SS^ 4 Com Solvent* . 39 38% .38 39 a Freeport Tex Liquid Carb Math Alkali 38 3 8 sas-asar*. •.. > gg N.?dK “ “ 9V'. 84 Drugs— 53 , Cotv Inc Drug Inc Lambert Lchn & Fink 49 8 Zonite Prod * Financial — Adams Exp ••• ••• 4 65 4 Allegheny Corp. . 6®, 6®. 6% 6 Chesa Corp 38 % 59 2 Trans America ' Tr Conti Corp 7 * 6 8 Building— e 7. Am Radiator 18 IS, * Gen Asphalt 22 ' 4 22 - Int Cement • • ■i- 2 Johns Manville. 58% o 8 58 58 Libbv Owens Gls 31 30% 30 * 31. Otis Elev 18 18 " Ulen Const ** 4 Miscellaneous — Am Bank Note 21 Am Can 93 93 ,® Anchor Cap 2 Brklvn Man Tr 32 8 Conti Can ““ 8 Eastman Kodak Owens Bottle “VGillette 14% 14% J 4% * Glidden 484 *2 2 Gotham Silk 12 18 12 Indus Rayon Inter Rapid Tr. .. ... 7 % ' Real Silk Hose 14 4
Foreign Exchange
(By Abbott Hoppin <& Cos.) —Aug. 29 Close. Sterling England 74 -*Li. Fran. France 334 % Lira. Italv 0748% Belgas. Belgium Mark. Germany J 3 ® 3 Guilder Holland B ‘l ß Peseta. Spain 7 ‘85 Krone. Norway 44,9 Krone Denmark 4 Qi 9 CRAB FARM UNIQUE INDUSTRY ON COAST Bu United Press OCEAN CITY. N. J., Aug. 30.—1n the meadows near here is one of the most unique industries in the country—a crab farm, on which soft-shell crabs are collected and sorted for market. In the Crab Kraal of Ralph and Harvey Adams, thousands of crabs are kept in long wooden runways into which sea water is constantly pumped. Nearby, in a wooden building, other crabs are kept on ice to delay their hardening. All these edibles are known as blue crabs, although there are other names to indicate the various stages in development, Ralph Adams explained. When they are hard-shelled crabs they are called green, and when they have a white line they are approaching the shedding stage. Those with pink lines, the “shedders,” are the most expensive, and when they come out of their shells they are soft-shelled crabs for the next 8 or 10 hours. The Adams do not raise crabs, they explained. It takes too long. They simply go crabbing out on the Tuckahoe river, bring back their catch, and feed and sort them. The Crustacea are fed once daily, when bucketfuls of minnows are dumped into the runways. CHICAGO FECIT MARKET By United Press CHICAGO. Aug 30— Apples—Duchas* bushel. 80c. Illinois and Michigan Wealthies bushel 85c®tl IS Pears —Michigan bushel. *1256150. Canteloupe—Michigan. 40c®Sl. Carrots—lllinois. 1%62%c. Eggplant—nUnols. 356 40c. Spinach—lllinois. 75c Beans—lllinois. 75c6*1. Beet* —lllinois. 163 c Cabbage — lllinois. 75c® *1.15. Celery—Michigan 506 75c Peppers —lllinois bushel 50c Corn —Illinois. 20® 30c Tomatoes—Michigan. 15625 c. Onion market; California —Yellows bushel. |l 06*1.15: Illinois yeUowa bushel. 7S*ssc; Indiana whites bushel soc€tll.iß.
UNEVEN RANGE MARKS TRADE IN GRAIN MART Nearby Months Weak With Distant Options Showing Strength. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. Aug. 30. Wheat opened on the Board of Trade from % cent off to % cent up today. September wheat dipped % cent, to 83% cent, while December was up H, to 88. May was up %, to 93. The corn market was unsettled with September remaining unchanged over Tuesday's close. December was up 14, while May dropped *4. Oats was generally lower with September and December off !. May w r as up 14. From closing time Friday until Tuesday morning the Chicago Board of Trade will be in holiday session and it is expected that all liquidation selling will therefore be complete before Friday. Closing of September contracts for corn continued today and this had a weakening effect on the market. This fact, coupled with unfavorable weather conditions in certain parts and the lateness of the crop, tended also to weaken the market today. Transactions in oats were light while supplies on farms were said to be considerably exhausted. Cash prices remained firm. Chicago Primary Receipts —Aug. 29Last Wheat 1 T 133 a (500 1 $03,000 Corn 504,000 335,000 Oats 362,000 442.000 Chicago Futures Range —Auk. 30— WHEAT— Prev. High. Low. 10:00 close. September ... .84% .83% .83% .84% December 88 Vi .87 .87 % .88 Mav 93 .91 .91% .92 >4 CORN— September ... .48% .47% .48% .48% December 54*4 .52% .53% .53 % May 59% .58% .59% .59% OATS— September ... .37 .36% .37 .37 December ... .39% .39% .39% -39% Mav 42% 41% 42% .42% September ... .68% .68 .68 .68% December ... .75% .74 .74 .74% May 81% .80% 80% .80% BARLEY— September •?i 1 4 December ... .58% .58 .58 .57% CHICAGO CASH GRAIN By United Press CHICAGO. At|K. 28.—Cash grain close: 1 hard, 88%c; No. 2 hard. 87%<6 88c; No. 2 mixed 85%c; No. 4 northern. 78c. Corn—No. 2 mixed, 49%@ o%c; No. 3 mixed. 49%c; No. 1 yellow, 51c; No 2 yellow. 49%®51c: No. 3 yellow. 50% (n 50c; No. 4 yellow, 49%c: No. 5 yellow. 47% ®4Bc: No. 6 yellow 46%®47%c; No. 2 white. 52%<8 53Vic; No. 3 white. 53Vic: sample grade. 44c. Oats —No. 2 white. 37 Cos 38c; No. 3 white. 34%®37%c: No. 4 white. 35®35%c: sample. 33%c. Timothy —54.508 4.75. Barley—46@73c. Clover—slo®l2.7s. TOLEDO CASH GRAIN By United Press TOLEDO, Aug. 29.—Cash grain in close: Grain In elevators transit billing: Wheat —No. 2 red, 87%®88%c; No. 1 red, I@l%C premium. Corn—No. 2 yellow, 53%®54%c. Oats—No. 2 white. 39840 c. Rye—No. 2. 77%(8 78%C. Track prices. 28 %c rate: Wheat—No. 1 red, 83%@85c; No. 2 red. 82%®83%c. Corn—No. 2 yellow 49850 c; No. 3 yellow, 48@49c. Oats—No. 2 white 36838 c: No. 3 white. 34%®37%c. Seed close: Clover—Cash $7.20; October. $7.45; December. $7.60. Alsike—C%sh. $8.50: December. $8.75. Produce close: Butter, fancy creamery, 27c. Eggs—Extras, 15%@16c. Hay—Timothy per cwt, 70c. NEW YORK CASH GRAIN By United Press NEW YORK. Aug 29—Cash grain: Wheat—No. 2 red. $1.00%; No. 2 hard winter. $1.00%. Corn—No. 2 mixed, 50c. Oats—No. 3 white. 39%c. All quotes C. I. F.. New York.
Indianapolis Cash Grain
—Aug. 29 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b., shipping point, basis 41% New York rate, were: Wheat—Weak: No. 1 red. 77<S78c; No. 2 red. 76(5 77c; No. 2 hard, 76@77c. Corn—Weak: No. 2 white. 45<f?47c; No. 3 white. 44®46c; No. 2 yellow. 42%®43%c; No 3 yellow, 41%®42%c; No. 2 mixed. 41%®42%c% No. 3 mixed. 40%®41%c. Oats—Weak: No. 2 white. 32@33c; No. 3 white. 31®32c. Hav—Steady: (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisville 1 No. 1 timothy. $6®6.50; No. 2 timothy. $5.50®6. —lnspections —. Wheat—No. 2 red. 1 car: No. 5 red, 1 car: No. 2 hard. 1 car. Total. 3 cars. Corn—No. 2 white. 15 cars; No. 3 white, 11 cars; No. 4 white. 2 cars: No. 2 yellow, 10 cars; No. 3 yellow. 11 cars; No. 4 yellow, 3 cars; No. 5 yellow. 1 car; No. 6 yellow, 1 car; No. 2 mixed, 1 car. Total, Oats—No 2 white, 5 cars; No. 3 white, 6 cars. Total. 11 cars. ■'INDIANAPOLIS WAGON WHEAT Citv grain elevators are caving 75 cents for No. 2 soft red wheat. Other grades on their merits.
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THE INDIANAPOLIS TIMES '.
Chicago Stocks • Br Abbott. Hopoin A Cos.
Total Sales—s7,ooo shares. —Aug. 29 High Low Close Abbott Lab ?H 4 Allied Products 1* 13 % Am Pub Serv 5-, Armour Common " 4 Armour Warrants Asbestos Assoc Telephone Util .z* Associated Inv Cos 4 Bastian-Blessing ® Bendlx Aviation 19% 17 % 18% Berghofl Brew C 0..... 12% 12% 12% Binks Mfg ............. - ■ *io7i IQ7* Borg-Warner 20% 18 £ 19 a Brach & Sons -8% 7% 8% Brown Fence & Wire A 7% 6% 62 Butler Bros 4% 4% 4% Canal Construction 4 Cent 111 Pub Serv pfd.. .. ••• ■‘O Cent Ac S West.. ..■••• Cent & 8 West P L Pfd . ... 16% Chi & N Western 13% 12 * 12 * Chicago Corp Com 3% 3% 32 Chicago Corp pfd.. 26'% 26 4 hicago Flexible Shaft 44 Chicago Mail Order •• rS 8 Chicago Yellow Cab ... 12% 12 12 Cities Service 3 8 -- 3/ , .i 3 4 Commonwealth Edison.. 59 5-4 5-4 Cord Corp 13 42 8 4 Crane Cos SSS, c 8, p,a • ■ gsffis®srSu."7 a •„ Great Lakes Aircraft... % % Great Lakes Dredge.... 16 15 15 4 Grigsby-Grunow 3 2,4 Houdaille-Hershey A 44 Houdaille-Hershey ‘'B”. .. •• • 42 Ind Pneu Tool 13% 13 43 Kalamazoo Stove 23% 23 35 Kingsbury Brew Cos 11% Mg Libby McNeil 4 % 4% 4_a Lindsay Nunn Pub •• ,5? Lvnch Corp 36% 35 36% Marshall Field 15% 14% 15% McGraw Electric *'*
In the Cotton Markets
—Aug. 29 CHICAGO High. Low. Close. January 1002 9.73 10.02 March ............ 10.17 992 10.15 Mav ... .. . ...I 10 37 10.20 10.32 October 9 70 9.40 9.70 December .!.! 994 9.65 9.94 NEW YORK January 9.94 9.67 9.94 March 1009 9.83 10.07 Mav 10.29 10.01 10.28 juiv 10.39 10.23 10.39 October ............ 9.65 9.38 9.65 December 9.64 9.57 9.84 NEW ORLEANS January 9.86 9.75 9.86 \favrh •••• 10.04 May . 10.2$ 9.97 m. 23 July .... .... 10.35 October 9.62 9.27 9.56 December 9.83 9.51 9.78
Daily Price Index
By United Press NEW YORK, Aug. 29.—Dun Ac Bradstreet's daily weighted price index of 30 basic commodities, compiled for the United PfeSS (1930-1932 Average. 100) Today 101.91 Monday 191 - 74 Week ago 102.11 Month ago 105.42 Year ago 82.61 1933 high (July 19) '• 113-52 1933 low (Jan. 20) 67.86 Copyright, 1933, by Dun & Bradstreet, Inc.
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 lump. $5.25; 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. $6.50: egg. $6.25; mine run. $6. Pocahontas—Shoveled lump. $7.75: egg. $8: mine run. $6.75. , , . , New River Smokeless —Shoveled lump. $7.75; egg. SB. , ~ Semi-Smokeless —Egt or lump. *7.25. Coke —Egg or nut. $8: pea sizes. $6.75. Deaths Edwin L. Williams, 75, 526 North Lynn, cerebral hemorrhage. .... - . Anna May Kelley. 59, Methodist hospital. purlerit endocarditis. John Davis Reeder, 85, 1430 St. Paul, chronic myocarditis. Ida Paragon, 45, 3035 East Minnesota, cerebral hemorrhage. Thomas C. Shields. 82, 5740 East Tenth, chronic myocarditis. Iley H. Beckner, 69. 24 North East, acute dilatation of heart. Daniel W. Thompson. 88. 1747 West Morris, myocarditis. . , , Bertha Boyd, 44, city hospital, pelvic ab Frank J. Nesbitt. 78, 1418 Park, arterioSC Della S Nolte, 67. city hospital, cardiac decompensation. Births Boys Frank and Lola Reimer. 1044 South West. Ralph and Addle Duncan. 1855 South East. A. Earl and Lizzie Taylor. 433 North Grant. Oneal and Anna Warren, 1541 Relsner. Girls J. Claude and Adelaide Carter. 109 South Bolton. Charles and Ottie Jones. 2429 Stuart. Charles and Evelyn Burgett, 702 South Holmes. Virgil and Thelma Colbert, 2262 Kenwood. _ . Thomas and Catherine Munn, 830 East Morris. Edward and Frona Jensen, 743 Cottage. In the Air Weather conditions at 9 a. m.: Northeast wind, 16 miles an hour; temperature. 74; barometric pressure, 30.12 at sea level; general conditions, high, broken clouds, light smoke; ceiling, unlimited; visibility, 4 miles.
Middle West Utilities % Midland United 1 National Leather 1% National-Standard 24 National Union Radio 1 NobUtt-Sparks Indu Inc 25 Oshkosh Overall Potter Cos , 3% Prima Cos 25 24% 25 Public Service N P 33% Quaker Oats 135 Quaker Oats pfd 116 Rairoad Shares Rath Packing 21% Raytheon VTC 2% 2% 2% St Louis Nat Stock Yds 34 Seaboard Util shares... .. ... % Sears Roebuck 43 41% 43 Standard Dredg Cos pfd 2% Storkline Furniture 4% Studebaker Mail A % Swift At CO 19 18 18% Swift International ... 2%6 26 26V* Thompson J R 9% Utah Radio 1% 1% 1% Utility At Ind 2 1% 2 Utility At Ind pfd ... 5' 4 Vortex Cup Cos 7% 7% 7% Wahl 2 Vs Walgreen Cos com 17% 16% 17 Ward Montgomery A 77 Zenith Radio 2% 2% 2%
SLEEP DEATH IOLUSROWING Fatalities Reach 49-Mark; Rush Health Experts to St. Louis. By United Press ST. LOUIS, Aug. 31.—Two more United States department of health physicians were en route here today to aid public health officials, university research men and federal scientists in their campaign against sleeping sickness. Meantime, spread of the disease continued unabated. Tuesday thir-ty-eight new cases and four additional deaths were reported. Today another victim died. This brought fatalities to forty-six and total cases in the last month to 325. Surgeon General Hugh S. Cummings ordered Dr. W. T. Harrison, laboratory expert, from Washington and Dr. Cornelius B. Phillip, specialist in the study of insects and their relation to disease, from Hamilton, Mont. Cummings, before he left for Washington Tuesday, said he would return here to direct the fight in person. No tangible results in investigations by the three United States service physicians now on the scene or research work by Washington university scientists have been forthcoming in two weeks of frenzied activity to locate the carrier of the germ or producing an immunizing serum. Public schools will open as scheduled because it has not been proved the malady is contagious. Only in rare instances has the disease stricken more than one person in a family.
Produce Markets
Delivered in Indianapolis prices: Hens, heavy breeds over lbs., 10c; Leghorns, 7c. Broilers: Colored springers, 1% lbs. up. 10c; springers (Leghorn). 1% lbs. up. 7c; barebacks. 7c: cocks and stags 6c; Leghorn cocks and Leghorn stags; Bc. Ducks large white, full feathered and fat, over 4 lbs., 4c; small and colored. 3c. Geese, full feathered and fat 3c. Young guineas, 20c; old guineas, 15c. Eggs—No. 1 fresh country run eggs, 13c. 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, 25@26c; N°. 2 22@2 3 c. Butterfat—l7c. Quoted by the Wadley Company. BY UNITED PRESS CLEVELAND, Aug. 30.—Butter—Market, steady; etxras 26c lb. in tuos; standards, 25 Ac lb. in tubs. Eggs—Market, steady; extras. 19c; extra firsts. 15c; current receipts. 14%c. Poultry—Market. about steady: heavy fowl. 13c: medium fowl, 11 @ 12c: Leghorn fowls, 9c; heavy broilers, 12 <?/14c: Leghorn broilers. lOCdllc: old roosters. 8c: ducks, B@loc. Potatoes—New Jersey and Long Island. United States No. 1 cobblers. $2.75 100-lb. sack: Idaho Russet Burbanks. $2.90 f i?3 100-lb. sack. CHICAGO, Aug. 30.—Eggs—Market, unsettled; receipts, 5,883 cases; extra firsts, 15@16c, firsts, 14* / 2@15%c; current receipts, 12@13%c; dirties, lltic. Butter —Market, unsettled; receipts, 14.849 tubs; special 22 ,/ 2<§'23c: extras, 22c; extra firsts, 21®21%c; firsts, 18%@19%c; seconds, 17® 18c; standards, 21c. Poultry—Market, steady; receipts, 35 trucks; fowls, 10@ ll’/ic; Leghorn broilers, 9*/ 2 c; Leghorns; 8c; ducks, lOVic; geese, B<ffi9c; turkeys, 10@llc; roosters, .c; broilers, ll@l3c. Cheese—Twins, 11%@12c; Longhorns, 12%@12%c. Potatoes—Arrivals, 45; on track, 237; ship ments, 435; Wisconsin Round Whites. $2.10®2.25; unclassified, [email protected]; Minnesota Round Whites, sl.Bo® 1.95; Idaho Triumphs. $2.20® 2.25; Russets, $2.40®2.50; basket Cobblers, sl.Bo® 1.90: demand in trading slow with market dull. Other Livestock BY UNITED PRESS LAFAYETTE, Aug. 30.—Hogs—Market, 10c lower; 200-230 lbs.. $4.05®4.10; 230250 lbs., $3.85®3.95: 250-270 lbs., $3.65@ 3.75: 270-290 lbs . $3.40®3.50: 290-325 lbs.. [email protected]: 150-200 lbs.. $3.60®4; 130-150 lb.s, $3®3.25; 100-130 lbs., [email protected]; roughs, $2.50 down; top calves, $5.50 top lambs. $6. EAST BUFFALO. Aug. 30.—Hogs—Receipts, 8,400, including 6,300 on government: market slow, largely 10c under Tuesday's average; desirable 180 to 210 Ibs.s $4.75: mixed and plainer kinds, $4.50 ®4.60; 250 lb. butchers $4.50: 300 lbs., $4; 100 to 140 lbs., [email protected]. Cattle —Receipts, 150; little done on steers and yearlings: few stockers sold late Tuesday at $3.50; good to choice, 800 to 1,225 lbs. steers, $6.50®6.60; cows steady; cutter grades. $1.75®2.35. Calves—Receipts, 350; vealers unchanged; good to choice mostly $8; few $8 50; common and medium. s6®7; grassy calves, $4.50® 5. Sheep—Receipts, 1.000: better grade lambs scarce, steady; others dragy; good to choice ewe and wether lambs. $7.50; medium kinds and fat bucks, $6.25®6.50; throwouts, [email protected]. By Times Special LOUISVILLE, Aug. 30.—Cattle—Receipts, 150, very slow and catch as catch can on all grassy slaughter cattle; most grass steers and heifers saleable. s3®4; cutter grades down to $2.50 and less; best finished fed offerings eligible to $5.50 and above; bulk beef cows and bulls. $2.75 down: native stockers salable, mostly $4 down; good Hereford stock calves to $5; calves, receipts. 250; vealers mostly 50c lower: bulk better grade $4.50®5; medium and lower grades. $4 down; heavy grass calves discounted sharply. Hogs—Receips. 2.000, including around 1.000 pigs on government order; hog market. 20c lower; 180-235 lbs., $4 20; 240-275 lbs., $3.75; 280 lbs. up. $3 50: 140-175 lbs., $3.35; 135 lbs. down, $1.65; sows. $2.35: stags. $13.0. Sheep—Receipts. 1.000; all classes steady: bulk better lambs. $6®;,5.50: choice eligible higher bucks mainly ss® 5.50; immature light lambs, $2.50®3.50: fat ewes. sl®2: better stock ewes mostly *6®7 a head; choice Idaho vearlings legible. $7.75: plainer ewes down to $4.50. Receipts Tuesday—Cattle. 183; calves. 244: hogs. 1.891. and sheep. 925. Shipments Tuesday—Cattle, 25; calves. 182. and sheep. 934. CONDUCTS TAX SCHOOL Internal Revenue Agent Instructs Deputies on Process Levy. D. O. Throckmorton, agent of the office of internal revenue in Washington is the head of the school of instruction in the processing tax on wheat and cotton being held today and Thursday in the office of collector of revenue at the federal j building. Throckmorton is instructing the seven deputy collectors assigned to special work under the processing tax. The zone ttgents are Don S. Washburn, Michigan City; Audie Raines, Crawfordsville; John W. Lyons, Indianapolis; Calvin Dobbins, North Vernon; Frank Mcßeynolds, Muncie; Eugene M. Savage, Vincennes, and Edward M. Honan, Ft. Wayne. Powell Is Appointed Judge J. Raymond Powell, Bloomfield attorney, was appointed today by Governor Paul V. McNutt to sue- 1 ceed the late George G. Humphreys as judge of Greene circuit court. Powell will serve until a successor is chosen at the next general election.
SWINE MOSTLY 10 CENTS OFF AT CITYYARDS Steer Trade at Standstill as Offerings Exceed Requirements. Hogs were mostly 10 cents lower, with some light pigs steady at the city yards this morning. Weights of 160 to 230 pounds sold for $4.20 to $4.25; 230 to 260 pounds, $3.90 to $4.10; 260 to 300 pounds, $3.50 to $3.80; 130 to 160 pounds, $3.15 to $3.75; 100 to 130 pounds, $2.50 to $3. Receipts were estimated at 12,000. including 4,500 pigs for sale to the government. Holdovers were 829. Steer trade was almost at a standstill in the cattle market. Supplies of fresh and stale offerings apparently exceeded the trade requirements. One load of steers sold for $6.20. Most bids were lower when obtainable. Good heifers were steady at $5.75 to $6.25, other she stock having little effect on the market. Receipts were 1,200. Vealers were steady at $6.50 down. Top price was $7. Receipts were 700. Sheep were steady with Tuesday’s close, selling generally at $7 down. Bucks brought a dollar less. Throwouts sold down to $3. Receipts were 2,200. Asking on hogs at Chicago remained steady with Tuesday’s average, while several classes displayed a weak undertone. Initial trading was inactive. Receipts were estimated at 55,000, including 10,000 direct; holdovers, 3,000. Eligible government • supplies amounted to approximately 30,000 pigs and 1,500 piggy sows. Cattle receipts were 9,000; calves, 2,000; market, weak. Sheep receipts numbered 15,000; market strong.
Aug. Bulk. Top. Receipts. 23. $4.45® 4.50 $4.50 7.000 24. 4.45® 4.50 4.50 5.000 25. 4.40® 4.45 4.45 6,000 26. 4.40® 4.45 4 45 2.000 26. 4.45® 4.50 4.50 11,000 29. 4.30@ 4.35 4.35 14.000 30. 4.20(8 4.25 4.25 12.000 Market, lower. —Light Lights—-(l4o-190) God and choice. $ 3.50@ 3.75 —Light Weights—-(l6o-180) Good and choice... 4.20 (180-200) Good and choice... 4.20 —Medium Weights—-(2oo-220) Good and choice.. 4.25 (220-250) Good and choice... 4.00® 4.20 —Heavy Weights—-(2so-290) Good and choice... 3.60@ 3.90 (290-350) Good and choice.. 3.25(8 3.50 —Packing Sows—(3so down) Good 2.85® 3.10 (350 up) Good 2.75® 3.00 (All weights) Medium 2.50® 2.85 —Slaughter Pigs—-(loo-130) Good and choice.... 2.50® 3.00 CATTLE Receipts, 1,200; market, steady, (1,050-I,HMD-Good and choice $ 5.25®! 7.00 Common and medium 3.50@ 5.25 (1,100-1,500) Good and choice ./..... 5.25® 7.00 Common and medium 4.00® 5.25 —Heifers—-(sso-750) Good and choice 5.00® 6.25 Common and medium 3.00® 5.00 (750-900) Good and choice 4.50® 6.00 Common and medium 3.00@ 4.50 —Cows—• Good 3 00® 3.75 Common and medium 2.25® 3.00 Low cutter and medium .... 1.25® 2.25 —Bulls (yearlings excluded) — Good (beef) 3.00® 3.50 Cutter, common and medium. 2.00@ 3.00 VEALERS Receipts, 700: market, steady. Good and choice •$ 6.00® 7.00 Medium 4.50® 6.00 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-8001 Good and choice 4.25® 5.50 Common and medium 3.00® 4,25 (800-1,500) Good and choice 4.25® 5.50 Common and medium 3.00@ 4.25 SHEEP AND LAMBS Receipts. 2,200; market, steady. —Lambs—(9o lbs. down) Good & choice.s 6.50® 7.00 (90 lbs. down) com. and med.. 3.00® 6.50 —Ewes— Good and choice 1.75® 2.75 Common and medium ....... I.oo@ 1.75 Other Livestock BY UNITED PRESS CHICAGO. Aug. 30—Hogs—Receipts. 55.000; including 10.000 direct and 33.000 pigs and 1.500 piggv sows; market, slow to 5 to 10c lower; 180-220 lbs.. $4.30®4.35; 230250 lbs.. $3.10®4.25; 140-170 lbs.. $3.75® 4.25: commercial pigs. $3.50 down; packing sows. $2.50®3.10: light lights. 140-160 lbs., good and choice. $3.50® 4.25; light weights. 160-200 lbs., good and choice. $4 ®4.75; medium weights. 200-250 lbs., good and choice. $3.90®4.40; heavy weights. 250350 lbs., good and choice. $3.10® 4; packing sows. 275-550 lbs., medium and choice. [email protected]; slaughter pigs. 100-130 lbs., good and choice. $2.25®3.50. Cattle —Receipts. 9.000; calves, 2.000; bidding about steady on steers and yearlings: sellers asking higher: very little trading: best grade steers. $6.50: vearlings and heifers steady: vealers. steadv. Slaughter cattle and vealers—Steers. 550-900 lbs., good and choice. ss®7; 900-1100 lbs., good and choice. ss® 7; 1100-1300 lbs., good and choice. ss®7: 1300-1500 lbs., good and choice. $5.50®7; 550-1300 lbs., common and medium. s3® 5.25: heifers. 550-750 lbs., good and choice. $4.75 ®6.25: common and medium. $2.50®4.75; cows good. $3.50®4: common and medium. *2.40®3.50; low cutter and cutters. $1.25® 2 40: bulls, yearlings excluded, good beef. $3 25®4; cut common and medium, $2.25® 3.25; vealers. good and choice. s6®7: medium.. ?Vso®6: cull and common, s4®s 50. Stocker and feeder cattle —Steers. 5501050 lbs., good and choice. s4® 4 75: common and medium. 52.5084. Sheep—Receipts. 15.000: native lambs, strong to 2ac higher: earlv bidding from si®7.2: butchers, $7.35 and above. Slaughter sheep and lambs —Lambs. 90 lbs. down, good and choice. $6.50®7.40: common and medium. ss® 6.75: pwes. 90-150 lbs., good and choice. $1.50®2.75:: all weights common and medium. 75c®$2. Feeding lambs—so- - lbs . cnod and choice. $5.85®6.40. PITTSBURGH. Aug. 30— celots, 10: market steady. Hogs—Receipts. 1 000- holdovers, 450; market active, lower; prlme heavies 240-300 lb. $4,25®4.40; heaiw mixed 210-240 lbs.. $4.40®4.65; mediums. 180-210. lbs.. $4.68*4.75: heavy yorkers. $4.50®4 75; Iteht 130 --Li s lbs.. $3 75®4: pigs. 90-115 lbs. s3®3ys. roughs, $2.75®3. Sheep and lambs—Receipts, 1,500: market: Lambs steady, sheep higher; lambs good to choice 90 lbs. down. $7.25®7.50: medium 90 lbs. down, s3®s; medium 91 lbs. up. $5.50® 6.50: sheepwethers. prime, $3®3.25: fair to good. sl.7d ®2 25 ewes, medium to choice. sl®2 50. Calves— R.-'ceipts. 100; market good calves higher; vealers good $7.50®8. med.um, $4 50®6; heavy and thin, 52.50®5.50. EAST ST. LOUIS. 111.. Aug. 30.—Hogs— Receipts. 10.500; market, lighter weights fullv 10c lower: a few weighty sorts fully steadv; Pigs steadv: sows steady to 10c lower: bulk 170-220 lbs.. $4.15®4.25. extreme top. *4.30 for few small lots: scattered sales. 230-270 lbs.. *3.85® 4.10.140160 lbs.. $3.50® 4.15-: 120-140 lbs . *[email protected]: sows $2.50®2.85. Cattle— Receipts. 3.200. calves. 1.300: market, steadv on native steers, western steers strong and western heifers. 10® 15c higher: vealers. 25c lower; other classes steady: a few native $5 75® 5.90: western steers. $2.75® 4.25. top 915 lbs., mixed vearlings. *6.35; two cars western heifers. $4.25: cows. *2.503: low cutters *l2s® 1.65: top sausage bulls. *2.90, eood and choice vealers. $6. Slaughter steers. 550-1.100 lbs., good and choic? $5 05 ' <96 75: common and niedimn. 53*j5.25. 1.100-1.500 lbs. choice SMS*?6.IS: food. $5 25® 6.25: medium. *3.75®.5.25. SheepReceipts 1.300: market, fat lambs, opened fullv 25c or more higher: throwouts and sheep steadv: bulk lambs to packers. *6.75 ®T few to citv butchers. *7.25: buck lambs *1 ess: common throwputs. S3.jO: slaughter ;wes. $1*2.75: lamb*. 90 lbs. down good and choice. 16.50® *.25. common and medium. *3.50® 6 j 50. yearling wethers. 90-110 lbs., good and choice. *4® 5- ewes. 90-150 lbs . good and choice. *1.50 ®2.75: all weights common and medium. Aug 30.—Cattle —Receipts. 250: market, slow with lack of Interest on Dart of buyers: *5.50®6.50: ko™ l , 2J1 9 ' 7 300 lb steers. *5.59®6.50: good 600-1.000 lbs., heifers. *5.50® 6. Calves— Receipts 450: good vealers active and holding at *8 50 top: common trade slow and saeadv: choice to prime calves. *BB 50: choice te good. $7 88. Sheep—Receipts. 2.500: market had stronger tendency despite heavy receipts: close auiet; all sold: choice wethers. *2.50® 3 25. medium to good. $1.50 ®2: choice spring lambs, 1757.50: common and culls. *5.50® 6.550 Hogs—Receipts. 10.000: receipts, include 9.000 pigs fo*- government sale: hog market, generally 10 cents lower in line with weakness at Chicago: pigs are steadv to 25 cents lower: heavies. *4.15: choice butchers. $4.50: stags *1.75®2: roughs. *2.5062 75. FT. WAYNE. Aug. 30 —Hogs—Steady. 5c down: 200-225 lbs . $4 35: 225-250 lbs.. *4 05 : 250-275 lbs.. $3 85: 275-300 lbs.. $3.60; 300-350 lbs. *3.40: 160-200 lbs . *4.15: 150160 lbs., *3.90: 140-150 lbs.. *3.65: 130-140 lbs.. *3.85: 100-130 lbs.. $3; rough*. $3.73; stags, $1.75; calves, 7; iwnbs, $8.75.
INDIANA STOCKS AND BONDS
The following quotations do not represent actual bids or offerings, but merely Indicate the approximate market level based on buying and selling Inquiries or recent transactions. —Aug. 30Bid. Ask. Belt Rail At Stock Yards, com. 27% 32% Belt Rail At Stock Yards, pfd 45 50 Cent Ind Par pfd 1% 7 11 Citizens Gas Cos pfd 5% 6$ 87 Citizens Gas com 15 18 Home T & T Ft Wayne pfd 7% 36 40 Ind At Mich Elec Cos pfd 70 .. 68 72 Ind Gen Service Cos pfd 6T... 64 68 Ind Hvdro Elec Cos 7% 25 29 Indpls Gas Cos com 40 44 Indpls Pwr Lt pfd 6<* 59 63 Indpls Pwr <fc Lit pfd 6% r .. 62 66 No Ind Pub Serv Cos pfd S'-. . 32 36 No Ind Pub Serv Cos pfd 5%",- 29 33 No Ind Pub Serv Cos pfd 7->... 33 37 Indpls Water Cos pfd 5%.... 89 93 Ind Pub Serv Cos 6% 35% 39% Public Serv Cos of Ind pfd 7%. 32 36 South Ind Gas El pfd 6'=r .. 57 61 Terre Haute Elec pfd 6% .... 32 36 BONDS Citizens Gas Cos 5s 1942 86 90 Home T At W 5%s 1955 97 100 Home T & T W6s 1943 98 102 Indpls Gas Cos 5s 1952 74 77 Indpls Rys Inc 1967 30 33 Indpls Water Cos 4%s 1940.... 98% 101% Indpls Water Cos 5s 1960 93 97 Indpls Water Cos 5s 1970 92 98 Indpls Water Cos 5%s 1953 100 103 Indpls Water Cos 5%s 1954 100 103 Kokomo Wat Works 5s 1958... 79 83 Lafayette Tel Cos 5s 1957 83 87 Muncie Water Works 5s 1939. . 93 97 Richmond Water Works. 1957 84% RB% Terre Haute Wat Wks 5s 1956. 84 88 Terre Haute Wat Wk 6s 1949.. 94 98 Traction Terminal Cos 5s 1957.. 45 49
Investment Trust Shares
(By Abbott. Hopptn At Cos.) —Aug. 29Bid. Ask. American Bank Stocks Corp.. 1.21 1.37 American & General Sec A.. 6.00 700 Basic Industry shares 3.60 3.70 British Type Inv Tr sh 62 72 Collateral Trustee shares A., 5.00 537 Corporate Trust shares (oldi.. 2.30 235 Corporate Trust shares (new). 245 2.50 Cumulative Trust shares.... 4.30 4.45 Diversified Trust shares A.... 6.12 Diversified Trust shares B 8.50 3.75 Diversified Trust shares C 3.35 340 Diversified Trust shares D... 5.30 5.40 First Insurance Stock Corp.. 1.74 1.85 First Common Stock Corp.... 1.07 1.27 Fixed Trust Oil shares A 9.50 .... Fixed Trust Oil shares B 4.50 Fundamental Trust shares A.. 449 459 Fundamental Trust shares 8.. 4.25 440 Investors Inc 16.87 18 00 Low Priced shares 6.57 670 Mass Inves Trust shares 19.00 20.62 Nation Wide securities 363 375 North Amer Trust sh 11953 > 1.90 North Amer Trust sh (55-56) 260 267 Petroleum Trust shares A 11.00 14.00 Selected American shares... 287 Selected Cumulative shares.. 7.00 7.25 Selected Income shares . /... 375 400 Std Amer Trust shares 3.25 330 Super Amer Trust shares A.. 3.09 Trust Shares of America .... 3.17 327 Trustee Std Oil A 521 541 Trustee Std Oil B 454 475 U S Electric Lt & Pwr A 14.12 14.50 Universal Trust shares 3.15 3.25 New York Curb (By Abbott. Hoppln At Cos.) —Aug. 29 Closel Close Alum Cos of Am 79 i inti Ptrol ... 17% 2%lLake Shore Ml 45% A Cts P&Lt B 3% Lone Star Gas. 9 4m Cyan B ... 13% Mount Prod ... 5% Am Gs & El.. 30% Natl Bella.? Hess 3 Am Sup Pwr... 4% iNiag Hud Pwr 9 Ark Ntl Pwr A 2 (Pan Am Airways 58 Ass Gas A ... l%|Parker Rstpfd.. 66 Atlas Ut Crp. 15*,VPennroad ... 414 Braz Tr At Lt 14%jPioneer Gld Ml 13% Can Marc 2%tSt, Regis Paper 5% Cent Sts El ... 2% 'Salt Creek Prod. 6% Cities Serv .... 3%!Segal Lock % Cord 12%|Std Oil of Ind 29% Eisler Elec l%!Std Oil of Ky. 17 El Bnd At Sh. 25%IStutz 9% Ford of Eng.. s%!Unlted Found's 1% Ford Mot Can 16 |Un Lt At Pwr A 4 Hudson Bay M 10% United Verde.. 4 Imperial Oil ... 13%iWoolworth Lmtd 20% Irving Airchute s%|Wright Hargra’s 7% Liberty Bonds By United Press NEW YORK, Aug. 29.—Closing Liberty bonds (decimals represent 32.8): Liberty 3%s (32-47) 102.18 Liberty first 4%s 132-471 102.15 Liberty fourth 4%s (33-381 102 30 Treasury 4%s (47-52) 110.24 Treasury 4s (44-541 106.26 Treasury 3%s (43-47) 102 8 Treasury 3%s (41-43) March 102.1 Treasury 3%s (40-43) June 102.2 Treasury 3%s (46-49) 100 6 Treasury 3s (51-55) 98.23 Treasury 3%s (41) 101.5 NEW YORK COFFEE FUTURES RIO High. Low. Close. January 5.85 March 5.88 5.86 5.87 May 6.05 July 6.12 September 5.55 December 5.80 SANTOS January 8 22 March 8.38 8.35 8.35 May 8.47 8.46 8.46 July 8.53 September 7,92 December 8.23 8.20 8.20 Marriage Licenses Arthur C. Shea. 33. of 1615 North Illinois street, clerk, and Sara T. Adams. 25. of 4340 Central avenue, housewife. Hugh M. Nielson. 34. of Brighton. N. Y.. roofing employe, and Ruth R. McLeod. 29 of 3346 Kenwood avenue, housewife. Peter A. Laurenza, 33. of Evansville, Ind.. mechanic, and Artie M. Condit. 18. of 720 Beecher street, waitress. Leonard D. Shoemaker. 27. of 520 Weghorst street. chauffeur, and Mildred Chaney. 26. of 810 Buchanan street, stenographer. Louis J. Schauers. 32, of 3811 North Emerson avenue, salesman, and Ann C. Simpson. 31. of 1512 North Pennsylvania street, stenographer. Richard W. Fox, 35, of 5406 North Delaware street, printer, and Barbara J. Butler. 22. 4835 Central avenue, housewife. George W. Lovell. 45. R. R. 4. Indianapolis. laborer, and Stella Lovell. 44. R. R. 4. Indianapolis, housewife. Bert A. Horner, 43. of 643 East Market stret. clerk, and Bessie J. Shearer. 38. of 520 East New York street, housewife. NEW YORK RAW SUGAR FUTURES —Aug. 29 High. Low. Close. January .............. 1.61 1.58 1.61 March 1.67 1.65 1.66 May 1.72 1.69 1.72 July 1.78 1.75 1.78 September 1.46 1.44 1.45 December 1.58 1.56 1.58
The ABC of the NRA Below are given answers to questions sent to The Times by readers seeking information on problems arising from the National Recovery Act. Answers to other queries will be printed from day to day. If you have problems to which you wish answers, write to The Times, or call Riley 5551, ask for the ABC department, and dictate your question. In giving your query, please state definitely the industry, business, or occupation on which your question is based. It will be answered as soon as possible.
Q—A man operating a lunchroom has only one girl working for him. He i* a member of the NRA and has his ca rds and stickers displaved. vet he works this girl twelve hours a dav and does not pav the minimum wage. Is he allowed to do this, since he does not employ two or more persons or is he violating the code? If he isn't allowed to do this, how many hours should the girl work and how much should she be paid. —J. J. J. A—The temporary code approved for the restaurant industry provides a maximum work week of forty-eight hours for female employes and the minimum wage, in Indianapolis, is 27 cents an hour. Deductions for meals may be made at the rate of 25 cents a meal furnished, not to exceed $3 a week. In case of emergency, time over forty-eight hours a week may be worked, provided such time is paid for at one and onethird the regular rate. No exemption is allowed because of number of employes.
n a a q—l would like to know If a man being paid by the hour is supposed to make the same amount of monev in a week at short hours as he did in long hours. I get paid bv the hour and our firm increased the hourly rate 10 per cent but the hours a week are thirtyfive. whereas we formerly worked fifty h °Sav the rate is 60 cents per hour. For fifty hours the salary is S3O. The hours have bee nshortened to thirty-five hours with a 10 per cent increase an hour, namely 66 cents an hour, which makes $23 10, or a cut of $6.90 on the week. This shortage has hurt considerably, as this amount equals my rent. Is this allowed?. I am a machinist. T R g A—Under PRA, rates are supposed to be adjusted so that the compensation of the individual is not decreased, provided this does not work an Inequitable hardship on the employer. This is subject to review by local recovery boards. MM*t Q —What la the hole! code? I am wight clerk and I still am working for $1 a week and working twelve hours a might, seven nights a week.— T. B. M A. A—No hotel code has been approved. Blue Kagle employers must carry out the provisions of PRA. Your hours would be limited to 40 a week maximum at a minimum rate of $14.50 a week in Indianapolis. M M M Q—How can I do my part on. the NRA program? I deal at a store whew they hare the NRA emblem in the window, but
PAGE 9
ALCOHOL. GOLD: SHARES SHOW STRONGTREND Homestake Mining Rises to 302, Record High for Issue.
Average Stock Prices
Average of thirtv industrials for Tuesdav. high 105 39. low 100 23. last 103 59. off .13. Average of twentv rails 54.81, 52 21. 53 81 up 21 Average of twenty utilities 32 00. 30 32. 31 11 ud .06. Average of fortv bonds 87 57. up 05. Average of ten first rails 93 04. off .30. Average of ten second rails 75 36. off 01. Average of ten utilities 94.37, off .09 Average of ten Industrials 87.50. uo .59. BY ELMER C. WALZER ZOIIP3 ||9Uiuu saaJJ PP.T NEW YORK. Aug. 30.—Stocks opened steady to firm today, featured by a substantial rise In the repeal stocks following the wet victory in Washington. Gold mining Issues met profittaking In several Instances following their wide gains Tuesday on announcement of the executive order modifying the gold embargo to permit mining companies to obtain the premium on gold prevailing in free gold markets of the world. Homestake Mining, however, rose a point to 302, a record high. McInture Porcupine eased IV4 points to 3514 on the first sale and then regained part of the loss. Alaska Juneau opened 5,000 shares at 32 unchanged. In the wet group, National Distillers rose to 94%, up I*4 points, while Schnley Distillers rose to 41, up *4. U. S. Industrial Alcohol was unchanged. Commercial Solvents, an exception, opened at 39, off % and later extended the loss. Farm equipment shares held around the previous close. Rails were firm as were utilities. The latter group made the best group showing on the board with gains ranging to a point in Consolidated Gas, Standard Gas and Public Service of New Jersey. Oils were higher as were rubbers. Motors held steady.
Bank Clearings
INDIANAPOLIS STATEMENT —Aug. 30— Clearings *1,427,000.00 Debits 3.605.000.00 TREASURY STATEMENT —Aug. 30— Net balance for Aug. 28. .51.202.631.053.54 Int. Rev Rects. for dav... 4.597.634.36 Customs rects. mo. to date 29.212.056.59 Other Grain CHICAGO FRUIT MARKET By United Press CHICAGO. Aug. 29—Apples—Michigan Duchess bushel, 75®90c; Illinois and Michigan wealthies bushel, 75c® sl. Pears— Michigan bushel, $1®1.25. Canteloupes— Michigan, 50W*1.25. Carrots — lllinois, 2® 2%c. Egg Plants—lllinois bushel, 35®50c. Spinach—Michigan, 60® 75c. Cucumbers— Michigan, 50® 75c. Beans—lllinois bushel,90c® sl. Beets—lllinois. 1® I%C. Cabbage; —lllinois crate, 75c®$1.25<' Celery— Michigan. 40® 45c. Peppers—lllinois bushel 35®50c. Corn—lllinois, 20®40c. Tqjnatoes;, Michigan 12-quart basket, 20®.30c. OnionMarket—California: Yellows bushel. *1.10®) 1.15. Illinois: Yellows bushel, 80®85c.‘ Iowa: Yellows bushel, 60®75c. Indiana; Whites bushel, $1 @ 1.10. ST. LOUIS CASH GRAIN By United Press ST. LOUIS, Aug. 29.—Cash grain: Wheat —ln slow demand. 3 to 4c lower on red and 3%c lower on hard; No. 2 red, 860. nominal: No. 3 red, 85c: No. 2 red garlicky, 84c; No. 4 red smutty, 84%c; No. L hard, 89c; No. 2 hard, 86c nominal; No. 2 mixed, 86%c. Corn—ln slow demand. I<® 3c lower: No 2 yellow, 49%®50%e: No. 3 yellow, 49®50c: No. 4 yellow. 48%®)49c; No. 5 yellow, 49c; No. 2 white. 52®52V*c. Oats—ln slow demand, nominally 1%®20 lower; no sales. LIGHT ONION CROP IS EXPECTED IN INDIANA: Bad Weather Believed Responsible for Large Damage. By United Press' WARSAW', Ind„ Aug. 30. The onion crop in north central Indiana will be only about half of normal this year, according to J. E. Dickinson, federal onion inspector, who has just completed a survey of the fields. Dickinson said that less than twenty-five car loads of onions had been inspected in the district so far this year. He said that bad weather had caused the onions to decay and that many would be unsalable.
I sell certain products, the manufacturer I of which has not done anything about the' code at the plant, but has raised the i price on some canned goods 30 and 40 | cents a dozen.—E. F. D. A—The store signing PRA agrees, |to “support and patronize establishments which also have signed this agreement.” You might call this to the attention of the proprietor of the store in question. M M M O —ls a man has been working twelve hours a night, seven nights a week, drawing $95 20. and U cut to six hours a night, could his employer cut his wages fromSU 20 to $16.80. Can the factory do that ;or not? Understand that Mr. Roosevelt mts they can shorten tout hours, but not reduce vour salary? Is thlo right. Ana., ! also, can they work vou overtime, over si* hours a night?—V. P. A —A Definite answer requires that we know to just what industry you refer and just what position you have in mind. In general, it is the purpose of PRA not to reduce compensation below the existing levels, but any adjustments because of reduction in hours are subject to the qualifying phrase “provided it. does not work an inequitable hardship on the employer.” Some strange kinds of caterpillars can live under water.
