Indianapolis Times, Volume 45, Number 97, Indianapolis, Marion County, 1 September 1933 — Page 18

PAGE 18

Wall Street Significance of Roosevelt Gold Order Lies in Question of Which Country Purchases Metal. Br RALPH HENDERSHOT Timet Special Financial Writer

Wall Street has fairly generally agreed that the new government order permitting the exportation of newly mined gold is not inflationary. In fact, it is thought it might have a deflationary effect. The gold will be handled through the federal reserve bankfc and may be sold to foreign purchasers. This gives the government complete supervision over the metal But. if sold abroad, payment will be received in foreign currencies, and the conversion of these currencies into dollars

is certain to nave the effect of increasing the price of dollars. , We produce relatively little gold, however; so no great fear need be felt over its deflationary effect. And, according to the Hyde Park advices, the order says the yellow metal may—not must —be sold abroad, whirn apparently leaves the way clear for the reserve banks here to buy it. Had the order said that the federal reserve banks “must’' buy the metal, the inference might have gained that it was an inflationary gesture. In other words, the banks might not have been willing to pay the premium between the world price over the price here unless they had been assured that the dollar would be devaluated at a later date. a a a May Suggest Inflation Later The true significance of the order will not be available until the reserve banks begin to report on their gold holdings, unless, of course, it should be am-

' —— ——■

Ralph Hendershot

phfled b' the administration As it stands now, the inflation question remains about as it was before, and, except for its effect on the earnings of the mining concerns, the inflation angle is about the only one of importance in the order. If one wishes to peer into the future, however, he may be able to glimpse some signs of inflation at some later date. To a casual observer jt would appear as if the administration is nibbling at the ‘ apple,” but is not quite ready to eat core and all. a a a New Insurance Company Formed New York state js to have anew life insurance company—the National Protective Life Insurance Company. It is the first stock company to be organized in the state in several years, and the first in the memory of insurance men to of>r its shares direct to the public. J. C. Milley & Cos., Inc., are actmg as distributors. Charles F. Tuttle will head the new' institution, and C. C. Mollenhauer, president of the Dime Savings bank of Williamsburg, w'ill serve as first vice-president. Clarence R. Harper will be executive vice-president. Directors, it; addition to Messrs. Tuttle and Mollenhauer, will include, among others, Lewis L. Clarke, former chairman of the executive committee r i the Trving Trust Company; John W. Campbell, chairman of the board of the Credit Clearing House, and David D. Ong, president of the United States Leather Company.

New ‘York Stocks 1 ' 1 1 11 1 ” " *Hr Abbott. Hoppln A Co.I

—S*Dt 1— 10 30 Prev. High Low ED T Close ni|> Ametsda 35% 45% 45% 45% i Ati RfJ 22 4 29_* Barnsdall •* iv* Contol OH - •• . 13 £ {5,, 4 Cont of Del l Vfc j Hf. iSton rnewi - • -X, Howgton ‘old* 30 ♦ 2 : T C °o Pft ii% -h h fe miUp° r Pet i% *H 16% {;* Pure Oil 10 % iL* He! •! Dutch “J, 2 Shell Union 934 Simms Pet Skellev OH 8 , .1 * Soc Vac • ir,* iJ SO of Cal 39 • 2? 4 S O of Kan ■ ■ J2 V SOof N J ... 40% 4040% 40% Texas Com 2 fj* 26 . Tidea at Assn 3 4 V nOil of Cal au 4 SttHfr — o*l3- - 40 39% % 39% ’* "•* ' *** 9 t'* i McKees Tin 4 ' Natl Steel Pen I A- Stl _ aa % S Smelt 88 R.% 88 88 , m; -*dtum • • - \ ■ is ISteel. F 54% 54% 54% 54% fcs tT :: 285 < 26 '= At?hlson” - B’*! SVS Ul *. 34% 34H 34% 35 aVSL." :: ::: , * T Chi A Gt W 2 g,„ CM* St P .fi 4 i.v CM* S> P pfd Ji? JjiJ CM N3V . . 12 " *2 ’ )i H Isl l, A At Hud ••• *■ 23% r Northern i. 28 Central ” ... KJC Bou 18 s - sfi Lou A- Nash fS, Mo Par pfd 32 .ki. N Y Cent 50% 50% 50 a 50 , NYCA St L p ... 29% 30^ N Y New Haven .. • •-■ 4 N Y Ont A- We* t- a••• j Norfolk & Wes 29 " -, Q , Nor Pac ' il * Penn R R .3.% 3. 37 38 6ou Pac 30% 2 9 , Sou R R oil" Sou R R pfd 12 Wabash .J, 2 . Motors— .. ... 1 Auburn 81% 81 81 • 2 Chrysler 44% 43 , 44 a 44 , Gen Motors . . 33% 33% 33-a 33 4 . Graham Mot -r:-, ,7 4 Htidson 14% 14% 14 a 15 Hupp • - -2,' Mack Truck 36 * Nash ... 3 11 l Packard *• ?,* * eV C* Studebaker ■■ • ?7 4 e Yellow Truck 6% 6% 6 b Motor Access — Bendix 18 *2, 4 Bohn Alum • •• , fa 4 Born Warner - if, Bmts * 4 Eaton Mfg 13% Elec Auto Lite ... 21 " z : s * Houd Hershey .... ? * Murray Body ~ ; s " Stew Warner ... ■ • 82 _ 8 Timken Rol 30% 30 1 30 a 31 Minin* — ~ Am s Smeu‘ n .: ' " I'.*. 38% Anaconda 1 4 Cal A- Mecla • • ,2, 4 Cerm De Pasco 35 34 , 35 35 * Granby ii, 4 Int*NiW - 20% 20% 20% 20% Isl Creek Coal . . r 4 Kennrcott Cop 22 J’’i 4i ( 21 a 80-inds Cop 33% 33• •’•= a 33 Phrlrs Dodse 15 v 15 Am*snuT~ -* Am Tobacco A 88% 38 a Am Tob B 5V,* G- Ctg-r . 1 I rVard"” B . 22% IV Reynolds Toh B 53 1 i 52 , 53% 52 s a Eouipments— Allis Chalmers 20;* Am Car & Fdv 31% Am Loco 3 ? 4 Am Steel Edy 35% Ball Loco 14 13% 13% 14% Burtough .. *i 4 Case 11 Cater Tract 23% *3^ Ctlpp Palm Peet . 18% Cor.gc'eum 24 Ks tSt or Ba* . . 4.'i Foster Wheeler Oen Am Tank C 39 Genu Elec 24% 24 . Oen R R S. 41 Incsol R*nd •■ • ■ _ Irt Harvester 40*• 4040 40 l a Keitina’or . - ” Natl Cash Rec 30 19'i 19% 20 Pro* A Gamble *3 Pullman Inc 53 Simmons Bed 25 * QM Elliott 34 Weal Air B ... 32

Bright Spots

B< I'nllfd Ptf National Cash Register Company reports August sales aggregating $1,612,350. highest total for anv month since October. 1931 Chicago. Indianapolis A Louisville Railroad reports July net operating income of $5,546. compared with a deficit of $83,751 in the same month of 1932. Wall Street Journal says United State administration is urging distillers to run at peak of production of ‘ medicinal liquor" to meet heavy demand expected after repeal, now virtually certain. Retail ahoe prices Sept 1 to be advanced 50 cents to $1 a pair. jply aales of chain and depart - meat stores In the New York dis ? tndl were the best since 1930-31, and wholesale business was 81 per cent more than a year ago. according to New York Federal Reserve bank.

Westingh Elec 46 45% Worthington P ... 28% Utilities— Am A For Par 13% 14>/a Am Power A Lit . 12% 13 A T A T 127% 126% 127% 126% Am Wat Wks 29Te Brook Un Gas.. 77 Col Gas A Elec.. 19% 19% 19% 19% Com A Sou 3% 3% 3% 3% Consol Gas .... 50 49% 49% 50% Elec Pwr A Lit 9% 9% }nt TA T 17% 17% 17% 17% Lou G A E (A) 21% Nat Pwr A Lit... 14% 14% North Amer 24% 24% 24% 24% Pac G A E ... 24 Pub Serv N J 42% So Cal Edison ... . 20% Std Gas 15% 15% fatd Gas pfd 16% United Corp 8% 8% Un aGs Imp ... 19% 19% 19% 195. Lt Pwr A Lit iA> 4% 5% Western Union 66 % 68 Rubbers— Firestone 26 % 26% Goodrich 16% 16% Goodyear 38 37% 38 38% ! U S Rubber ig.i. Kel Spring 4 Amusements—Fox Film 14% 14% Inc 33% 33% 33% 33% Radio Corp 9 aa. H-KO 3 a, Warner Bros 8 73., Foods— Am Sugar 647* 64’* Armour A 5% 5% Beatrice Cream.. .. ... ... 171, Borden Prod ... 27% 27% 27% 27 J 4 Canada Dry G A .. . . . . 311. Coca Cola 9 0 a Cont Bat A 13Vs 13’ 4 Corn Prod 86 % 87% Crm of Wheat 31 Gen Foods '. 373Gold Dust ... 23 G W Sugar 35 34% 35 34 Loose Wiles33l, Natl Biscuit 56% 56% •Vatl D Prod ... fsl Purity Bak .] 2 b% p ° rto Rico S 43% 43% 43%' 43 - Std Brands 28% United Fruit " 67 Wrigiey ". !" £7 Retail Stores— Ass Dry Gds ..... ... lfii. Best A Cos ] 311* Uimbel Bros . ’ e% Gimbei ptd ’ 29 Gr Un Tea .... “ .* 7 Hahn CeDt Sts "' i, Aresee S S *' ‘ 12 Kroger Groc ’27 3 4 21 ■ Macv R H f 4 56% Mav Dept St 30 Mont Ward .... 25% 25% 25% 20'a Fenny J C 40 Safeway St 51% . Sears Roe ... 415, 42% Woolworth 381 . Aviation— Av.ation Corn 11% 11% Douglass Air 15% Curt Wright .. 3% 3% 3% 3% Curt Wright A 6% Nor Am Av ... 7% 7% United Aircraft 38% Chemicals— Air Reduc 105% 104% 104% 105% Allied Chem .. 139 Am CAI 64% 64 Col Carbon 64 1 2 Com Solv 38 5 4 38% 38% 38% Dupont 80% Freeport Tex .. 43% 43% 43% 43'2 Liauid Carb ...... ... ... 34% Math Alkali 37% Tex Gulf S 32% Union Carbide .. 48% 48% 48% 49 U S Ind A1 .... . . 72 71 *4 Natl Dist 94% 94% 94% 93% Drugs— Cotv Inc 5% 5% Drue Inc 46% 46% Lambert 31% 31% Lehn A Pink 19% Zonite Prod 6% Financial— Adams Exo 10% 10% AHeeh Com 6% 6% Chess Com ... .. 48% Trar.sa.il 7% 7% Tr Cont Corn 6% 7 Building— Am Rad ... 16% H>% Gen Asnhalt ... •• 22% In! C'ment ... 34% 34'2 Johns Manville .. ... ... 57 Libby Owens Gls 30% Otis Elev 18. Ulen Const 3% Miscellaneous— Am Bk Note 20 Am Can 9? Anchor Can ... 2 ■, Brkvln M Tr 32% f'ontl Can . 66% 66 66 66 Eastman Kodak • ■ §3-a '•wens Bottle . . 82 82 Gillette *4% CH*** m Silk 12 llji Ind Ravon * ,D GUIDES ARE LINGUISTS 27 Lanruajres Spoken for Benefit of World Fair Visitors. Bw T'nitfd Prm CHICAGO. Sept. I—The 1.554 members of the regular and reserve guide section at A Century of Progress daily are addressing guests at the fair in twenty-seven languages, a checkup by exposition I officials revealed These twenty-seven tongues, the officials declare, are in addition to English and two different sign languages By far the greatest number of these young men. all of them colj lege trained, speak German. A total , of 187 speak the language, more than twice the number who use French, which ranks second and is spoken by ninety-two of the guides. VINE~GRAFTED ON BUSH Sweet Pea. Rose Plants Joined by Nature in Texas. ; Bv Prrtt SAN ANGELO. Tex.. Sept. I. Nature stole Luther Burbanks thunder here when it caused a sweet pea vine to be grafted to a rose bush at the home of J. C. Clements. The graft came about without aid of man when the vine used the rose bush as a trellis. The vine wound itself so tightly about a stem of the bush that the two became merged just above a joint Roses above the juncture bloom as before, but instead of leaves coming out of the joints in the stem, sweet pea petals bloom forth.

STOCK SHARES IRREGULAR IN LIGHTVOLUME Market Dull on Nearness of Holidays: Steel Off Fraction.

Average Stock Prices

Average of thirty industrials for Thursday High 103 31. low 101.48 last 102 41 pi .06 Average of twenty rails. 52 75. 52 13 52 46 off 34 Average of twenty utilities 31 38 . 30 68 . 30 86. off .17. Average of forty bonds. 87.17. off .18. Average of ten first rails 82 20. off_ .45 Average of ten second rails. 75 35. off .14, Average of ten utilities. 93 99. off .12. Average of ten utilities. 87 14 off .16. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Sept. I.—Stocks were irregular and dull at the opening of the Stock Exchange today. Changes were mostly fractional with a few shares breaking out of the rut and ranging between a net loss of 3 points in Homestake to a rise of 2 points in Auburn Automobile. A weaker dollar offset disappointment over failure of the federal reserve system to step up its rate of buying United States government securities. The system increased its holdings of governments by $35,000,000, the same as last week, against an anticipated rise of $75,000,000 to $100,000,000. Trading was of the pre-holiday type as many operators had left the street for an extended vacation over the week-end. The exchange and principal markets throughout the country will remain closed Saturday, reopening Tuesday morning. United States Steel dipped % to 54*4 on the first sale, and later made up part of the loss. American Telephone, Standard of New Jersey, Du Pont, several of the gold mining shares ana utilities were unchanged.

Bank Clearings

INDIANAPOLIS STATEMENT —Sept. 1— Clearings $1.432 000.00 Debits 4.182.000.00 TREASURY STATEMENT —Sept. 1— Net balance for Aug. 30 $1,195,658,331,75 Int Rev. Recepts for dav.. 3 398.536.37 Cust. rects mo. to date . 31.168.658.52 New York Curb ißy Abbott. Hoppin & Cos.) Close, j Close. Alum Cos of Am 77 : Mount Prod .. 5% Am Bev 2%:Natl Bellas Hess 3 Am Cts Pr&Lt B 3%'Niag Hud Pwr.. 9 Am Cyan B .. 13 Pan Am Airwys 57 Am Gas & El.. 30 Parker Rstprf.. 65% Am Sup Pwr.. 4% Pennroad 4% Ark Ntl Pwr A. 2 Pioneer Gld Min 11% Ass Gas A 1% St Regis Paper. 4% Atlas Ut Crp.. 14% Salt Creek Prod 6% Braz Tr & Lt.. 14 Segal Lock .... % Can Marc 3% Std Oil of Ind.. 30% Cent Sts El 2% Std Oil of Ky.. 17 Cities Serv .... 3% Stutz 9% Cord 12% Translux 2% El Bnd & Sh.. 25% Uni Founders.. 1% Ford of Eng.. 5% United Gas. .. 3% Ford Mot Can. 15% Un Ut & Pwr A 5% Hudsn Bay Min 10% ! lJnited Verde.. 4% Imperial 0i1... 13% Ut Pwr <fc Lt.. 1% Int! Ptrol 18%AVright Hargves 7% Lake Shore Min 44% Liberty Bonds By United Press NEW YORK, Aug. 31—Closing Liberty Bonds: (Decimals Represent 32nds.). Liberty 3%s < 32-47) 102.17 Liberty First 4s (32-47) 101.20 Liberty First 4%s 132-47) Liberty Fourth 4%s '33-381 J ® 2 ?§ Treasury 4%s (47-52) 110.26 Treasury 4s 1 44-54) 106.27 Treasury 3%s (46-56) .......... 105 Treasury 3%s I' 43-47) ? Treasury 3%s 1 41-43) March o Treasury 3%s (40-43) Junue 102 3 Treasury 3%s • 46-49( 100.8 Treasury 3s (51-55) 98.44 Treasury 3%s (41) 101. b New York Bank Stocks By Abbott, Hoppin <te Cos. —Aug. 31— Bid Ask Bankers 59% 60 Vi Brooklyn Trust r HO 115 Centra! Hanover 137 138% Chase National 27 27% Chemical 38 38% National City 29% 30% Corn Exchange 53 54 Continental 15 15% Empire 20 20% First National 1,425 1.445 Guaranty 316 318 Irving 18% 18% Manhatten & Cos 28% 28% Manufacturers 16% 17 New York Trust 97% 98% Public 35 35%

Foreign Exchange

(Bv Abott. Hoppin & Cos.) —Aug. 31— Close. Sterling. England $4 52% Franc. France 0557 Lira Italv 0747% Belgas. Beleium 1990 Mark. Germany 3395 Guilder. Holland 5730 Peseta. Snain 1190 Krone. Norway 2285 Krone. Denmark 2035

Daily Price Index

By United Press NEW YORK, Aug. 31.—Dun & Bradi street s dailv weighted price index of I thirty basic commodities, compiled for the United Press: 11930-1932 average, 100) Today 102.31 Wednesday 100.93 Week Ago 101.44 Month Ago j 101.59 Year Ago 81.54 1933 High 'July 19) 113.52 1933 Low (Jan. 20) 67.86 (Copyright. 1933. by Dun & Bradstreet. Inc.) NEW YORK COFFEE FUTURES —Aug. 31— RIO Htkh. Low. Close. January ••• 5?7 March 6.1 5 6.10 6,10 : Mav 6.24 8.19 6.1? i July ? 2a I September ... ■ ■, 5 b 8 December 6.00 5.94 5.94 SANTOS Sr . ssa also Ho Marcn ••• 8 . 69 8.60 860 -July 8.75 8 67 8 67 DeceunbeV ....... ■.B 42 130 832 LANDMARK TO BE RAZED Ancient Philadelphia Market House May Be Doomed. By United Press PHILADELPHIA. Sept. I.—Philadelphia's old landmarks will be diminished by one if the city’s bureau of building inspection goes through i with its intention to raze an ancient market house on Second street. ! For more than a century the structure served as a shopping mart for housewives, and until 1834 stood ' adjacent to a historic town hall which was a barracks during the Revolutionary' war. It was thought for a time that ; the market house could be rehab- ■ itated and preserved, but to date the money for the purpose has not been forthcoming. CCC Men Wanted Beans By United Press MINERAL WELLS. Tex.. Sept. 1. —The old army song about tiring of beans means nothing to chefs at the reforestation army camp near here. They polled the camp personnel, learned beans were not served often enough, and quickly increased their rations.

THE INDIANAPOLIS TIMES

Chicago Stocks . ~ By Abbott, Boppin A Cos ——————

—Aug 31— | < Total Sales 23 000 Shares) ] High. Low. Close j Altorfer Bros 12 j American Service 4 ’ Assoc Telephone UtU... % i Baiabon & Katz VTC pfd_. ... 30 Ber.dix Aviation }g% 18% 18 Berghoff Brew Cos 12% 12 Vt 125, Borg-Warner 19% 19% 19% I E L Bruce Cos Bur.te Bros ••• Butler Bros ,• • 27*1 Cent &So West. f ... .. 4.. **■, Cent &So West pfd .. 13 Cent & So West P L pfd . ... I=% Chicago Corp Com 3% 3% jjW Chiargo Corp pfd fx 7 * hicago Yellow Cab 1 Cities Service 3‘a 2 s •> Club Aluminum Continental Steel • • r -- 12 , Cord Corp 12 s 22 4 Dexter Cos ~ Gardner-Denver Cos •••• fL. Generol House Util ... 20 19 19 Goldblatt Bros 23% 22% 22% Great Lakes Dredge ... .-•• •••,- •‘j!, 4 Grigsby-Grunow 2 8 2 < 2*4 Hall Printing ® 4 Houdaille-Hershey 'B Ind Pneu Tool ’ 1 ”,' 4 Kingsbury Brew- Cos 11% 1® * 1* 4 Libby-McNeil 5% 5 5% Lindsay Nunn Pub ••• 3% Lvnch Corp 37% 36% 37% Marshall Field 14% 14% 14% Mickelberrys Food Prod 4 3% 4 Middle West Utilities % National Battery 23 2 National Union Radio 1% Nobli't-Sparks Inds Inc 24% 23% 24% No. W. Bancorporation. 7% 7% 7% BERGHOFF AGAIN MADE ACTIVE BREWERY HEAD Directors Elect Founder Chairman of the Board. By Times Special FT. WAYNE, Sept. I.—Announce- ! ment has just been made of the j election of Herman J. Berghoff as chairman of the board of directors of the Berghoff Brewing Corporation, Ft. Wayne. Although he maintained constant i association with the brewery during; the period of the national prohibi-j tion, Berghoff had retired from j active participation in its direction and restricted his personal activities to his restaurant business in Chicago. Herman Berghoff established the brewing company which bears his name in 1887, building his first plant on the site of the present Berghoff brewery in Ft. Wayne and engaging his brewmaster from Dortmund, Germany, The original structu r e was replaced after having been destroyed by fire and since then the plant has been enlarged from time to time to meet increased production requirements. NEW BROKERAGE OFFICE TO OPERATE IN HAVANA Fenner, Beane & Ungerleider Will Open Branch Sept. 5. I Opening of an office in Havana by Fenner, Beane & Ungerleider, members of the New York Stock Exchange, on Sept. 5 was announced today by Russell W. McDermott, manager of the Indianapolis office at 1310-12 Circle Tower. Establishing of the new office marks the fifth foreign branch operated by this firm. Others are in Toronto, Paris and two in London. All modern equipment, including the American private wire system, will be used in operating thte new office, according to Charles E. Fenner, senior partner of the firm. Other Livestock BY UNITED FRESS EAST BUFFALO, Sept. I.—Hogs: On Sale—l9,Boo. including 17.000 on government order: market dull, scattered sales to shiopers 5 to 10c lower, packers inactive: desirable 170 to 210 lbs.. $4.60<6 4.10: 240 to 260 lbs.. Quoted at [email protected]; 110 to 1250 lbs.. $3.75®4.25. Cattle—Receipts. 200: holdovers. 175: plain grass steers predominating, practically nothing done: tendency lower: cows and bulls weak to 25c lower: cutter cows, $1.50(32.25. Calves—Receipts. 300: vealers unchanged; good to choice. $8: top. $8.50: common and medium. s6® 7; weighty calves. $4(3 5. Sheep—Receipts. 1.000: lambs, fairly active, steady: good to choice. $7.50: medium kinds and handv weight bucks. $6.25; throwouts. $5(25.50: extreme downward to $4 and below'. TOLEDO, Sept. I.—Hogs—Receipts, 150; market, 10®I5c higher: heavy yorkers, $4,354(4.40: mixed. $4(3 4.40; bulk, $4,353 4.40; pigs and lights, $2.50(3:3.50; medium and heavies, $4.25® 4.35: roughs. $2.25(3 2.65. Cattle—Receipts, light; market, slow. Calves —Receipts, light: market, steady. Sheep and lambs receipts, light; market, steady. CLEVELAND. Sept. I.—Cattle—Receipts 50; market slow and dull: prices 25c lower for week in common grades; steers steady for week, with choice holding at $6.50® 7.50. and others $6.50 dowmward, according to grade and weights; heifers, common to good. $3.253 6 top: cow's, medium to good. $2.50(83.75: bologna bulls, $2.25® 3.25. Calves—Receipts, 150; market steady with most calves going at $8.50; prices generally unchanged from Monday's opening: choice to prime. [email protected] and others downward to $5.50 at common grades. Sheep—Receipts. 1,000; market steady; prices unchanged for week: choice wethers, $2.50(83 25; choice ewes, $2113; choice spring lambs. $7®7.50; common and cull, $3(3 5. Hogs—Receipts. 4 500; including 4,000 government pigs: market 10c higher today; up that amount for the week; heavies, $4.15(34.25: butchers, choice and light, $4.60: thin and common hogs, 100 lbs. up. $4.25: roughs and stags unchanged and pigs, $3®3.25. PITTSBURGH Sept. 1— Cattle—Receipts. 70: market steady. Hogs—Receipts, 1,500: holdovers. 900: market steady; prime heavies, 240-300 lbs., $4(5 4 25: heavy mixed. 210-240 lbs.. $4.40(34.50; mediums 180-210 lbs., $4.60(8 4.65; heavy Yorkers, $4.40(34.65: light Yorkers. 120-145 lbs., $3.50 8 3.75: pigs, 90-115 lbs., $383.25; roughs $2.75 33. Sheep and lambs- —Receipts, 1,300: market steady; lambs, good to choice, SO lbs. down. $7.25(37.50; medium. 90 lbs. down $7.25®7.50; medium. 90 lbs. down. $3(35; medium, 91 lbs. up $5.50® 6.50: sheep wethers, prime. $383.25; fair to good, $1.75(32.25; ewes, medium to choice, $1(32.50. Calves—Receipts 100; market, steady: vealers. good. $7.501?8; medium. 54.50®6; heavy and thin. $2.50® 3.50. EAST ST. LOUIS 111., Sept. 1— Hogs— Receipts, 18.000. including 200 direct and 8,000 government pigs: market. s'® 10c higher with little action on pigs, fight lights cr weighty butchers; bulk. 170-215 lbs.. $3.25® 4 35: practical top. $4.35 and small lots. $4.40: few-, 220-240 lbs.. $4.10® 4.20; odd head sows. $2.4082.57. Cattle— Receipts. 1,100. Calves—Receipts 900: market, not enough steers on sale to make a market: most classes unchanged in cleanup trade: mixed yearlings and heifers. $4 50(35 50; cows. $2.50®3: low- cutters. $1.25® 1.65: sausage bulls. $2.25 8 2.85; good and choice vealers. $6.25: slaughter steers. 550-1.100 lbbs.. good and choice. $5.258 6.75: common and medium. s3® 5.25: 1.100-1.500 lbbs.. choice $686.75: good. $5®6.25: medium. $3.758 5.25, Sheen —Receipts. 2.000; market, slow; few sales to city butchers. 25c lower at $6.508 7; oack- ! ers talking 50c lower with indications ! steadv on throwouts and sheep; lambs. 90 lbs . down, good and choice $6.2587: 1 common and medium. $3.508 6.25: Yearling : wethers. 90-110 lbs., good and choice. ,S4®s: ewes. 90-150 lbs., good and choice. $1.5082.75: all weights common and : medium. $132. , By Timm Special i LOUISVILLE. Sept. I.—Cattle—Receipts, ! 100; very draggv and around steadv at week's decline; bulk grass steers and heifers salable. S3B 4 cutter kinds down Ito $2.50 and beiov; best fed kinds ! eligible to 55.50 or better; bulk beef cows, j S2B 2.50; most low ct.tiers and cutters, $1 ; f1.75: sausage bulls mostly $2.50 down; native Stockers salable mostly $3.75 down: | i-est Hereford stock calves eligible around | $5. Calves—Receipts. 200; market not i established, indications fully steady to i strong; bulk better vealers Thursday $4 50 I ®5; few strictly choice to $5.50 Hogs—j Receipts. 1.900. including around 1.000 for fowernment purchace: market 5c higher: 60-235 lbs $4 25; 240-275 lbs $3 80: 280 lbs. up. $3 55; 140-175 lbs. $3.40: 135 lbs. down. $1 70 sows. $2 40; stags. *1.35. Sheep i —Receipts. 800. all grades and classes I steady bulk better truck lambs. $6 8 6.50: i bucks mainly, *SB 5 50; most immature ! light lambs. $2.50 8 3 50: few to $4; fat j slaughter ewes. *lB 2; bulk better stock I ewes. *6B 7 per head: choice Idaho Yearlings to $7.75. Receipts Thursday; Cattle, | 94: calves, 131; Hogs. 1 824 arid sheep. I 920 Shipments Thursday: Cattle 53; calves. 105: hogs. 784 and sheep. 728. CHICAGO FRUIT MARKET By United Press CHICAGO. Sept. I—Apples—Michigan weaitfcies. bushel. 75c a *l. Pears—Michigan. bushel 75c® 1.75 Cantaloupes— Michigan. 50c8$l Carrots—lllinois I%® 2c. Eggplants—lllinois. 25&50c. bushel. Spinach—Michigan. tl. Cucumbers Michigan. 408 50c. Beans—lllinois. 256 50c Beets—lllinois, lc. Cabbage—lllinois. $19125 Celerv—Michigan 35® 50c. Peppers—lllinois, bushel. 25 8 40c. Corn— Illinois 25®40c. Peaches—lllinois, bushel. $2.2562 50 Tomatoes—Michigan 15 6 20c Onion Market—California, yellows bushel. |sl 0561.15: Illinois, vellcws. bushel. 658 180 c. Wisconsin, yellows, bushel. 656,90 c: Tndtana. whites, bushel. *l.

Oshkosh Overall * > 5% Prima Cos * • ■ 24% 24 26 s Public Service 6 pfd 62 60 62 Quaker Oats, pfd 116% 116% 116 u Faytheon VTC... 2 2 St. Louis Nat Stk Yards 34 Sears Roebuck 42 a So West G & Elec pfd 50 Standard Dredg Cos pfd 2V Studebaker Mai! % Studebaker Mail A ... % Sutherland Paper Cos.. 8% 8% 8% Swift &Cos 18% 18% 18% Swift Internacior.al.... .. ... 26% Telepne Bond & Sh pfd .. . 6 Thompson JR 9% 8% 8% Viking Pump pfd ... 25_ Wahl 2 la 1% Ward. Mont A TB% 75 75 Wavne Pump com ... 1% Woodruff <fc Edwards 11%

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. 31— Bid. Ask. Belt Rail & Stock Yards, com. 27% 32% Belt Rail & Stock Yards, pfd 45 50 Cent Ind Pur pfd 7% 7 11 Citizens Gas Cos pfd b% 63 67 Citizens Gas com 15 18 Home T & T Ft Wayne pfd 7 % 36 40 Ind & Mich Elec Cos pfd 7 % .. 68 72 Ind Gen Service Cos pfd 6% .. 64 68 Ind Hydro Elec Cos 7% 25 29 Indpls Gas Cos com 40 44 Indpls Pwr Lt pfd 6" 59 63 Indpls Pwr & Lit pfd 6%%.. 62 66 No Ind Pub Serv Cos pfd 8%. .. 32 36 No Ind Pub Serv Cos pfd 5%% 29 33 No Ind Pub Serv Cos pfd 1% ... 33 37 Indpls Water C’o 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% .. 57 61 Terre Haute Elec pfd 6% .... 32 36 BONDS Citizens Gas Cos 5s 1942 80 90 Home T & W 5%s 1955 97 100 Home T <fc T W 6s 1943 98 102 Indpls Gas Cos 5s 1952 74 77 Indpls Rvs Inc 1967 30 33 Indpls Water Cos 4%s 1940 98% 101% Indpls Water Cos 5 i 1960 93 97 Indpls Water Cos 5s 1970 92 96 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% 88% Terre Haute Wat Wks 5s 1956. 84 88 Terrs Haute Wat Wk 6s 1949.. 94 98 Traction Terminal Cos 5s 1957.. 45 49

Produce Markets

Delivered in Indianapolis prices: Hens, heavy breeds over 4% lbs. 10c; Leghorns, 7c. Broilers: Colored springers, 1% jbs. up. 10c; springers (Leghorn). 1% lbs. up. 7c; barebacks, 7c; cocks and stags 6c; Leghorn cocks and Leghorn stags, Bc. Ducks, large white, full leathered 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. 25826 c; No. 2, 22®23c. Butterfat—l7c. Quoted by the Wadley Company. BY UNITED PRESS CHICAGO. Sept. I.—Eggs—Firmer; market. 6.853; receipts. 6.853 cases: extra firsts. 16%c: firsts. 15%c: current receipts. 12® 13%c; dirties. ll%@loc. Butter— Market steady; receipts. 14.275; specials. 22®23%c: extras. 22%c: extra vrsts. 21® 21%c; vrsts. 18%@19%c; seconds. 17® 18c: standards. 21c. Poultry—Market, firm: receipts. 35 trucks: fow’ls. 10811%c; leghorn broilers. 10%c: leghorns. 8c: ducks. 10%c; geese. B®:9c: turkeys. 10® lie: roosters. 11813 c: broilers. 10%® 12%c. Cheese—Twins. 13%®12c: longhorns. 12’4®12%c. Potatoes—Arrivals, 64: on track. 186; no shipments: market about steady; sacks per 100 weight: Idaho triumphs. $2.1582.25; russets. $2.4882.50; Colorado triumphs. $2.30; Nebraska cobblers. 51.90; New Jersey cobblers. $2.40: Washington russets. $2.4082.50; Minnesota round whites. $1.90®2. CLEVELAND. Sept. I.—Butter—Market firm; extras. 26%c: standards, 25%c per lb. Eggs—Market, steadv; extras, 19c: extra firsts 15C; current receipts. 14%c. Poultry—Market, about steady; heavy fowls. 13c; medium fowls, 11 %c; Leghorn fowls. 9c; heavy broilers. 12814 c: Leghorn broilers. 10811 c: ducks. 88 10c: old roosters, Bc. Potatoes—Long Island and New' Jersey United States No. 1 mostly $2.65 per 100-lb sack; Idaho $2.85@3 per 100-lb sack

In the Cotton Markets

—Aug. 31— CHICAGO High. Low. Close. January 9 83 9.76 9.80 March 10.03 9 93 9.96 May 10.18 10.10 10.13 October 9 55 9.45 9.47 December 9.77 9.65 9.70 NEW YORK January 9.73 9.66 9.66 March 9 90 9.84 9.86 May 10.08 10.00 10.00 July 10.21 10.12 10.17 October 9 46 9.37 9.33 December 9.66 9.58 9.59 NEW ORLEANS January ... 9.64 March 9.84 9.81 9 84 Mav 10 04 9.99 10 00 July 10.16 10.14 10.16 October , 9.41 9.33 9.34 December 9.62 9.54 9.57

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—Egg or lump. $7.25. Coke—Egg or nut. *8: pea sizes. $6.75. Births Bovs William and Oma Honeycutt. 1144 South Senate. George and Alice Altes. 1727 Milburn. $ Maurice and Mildred Phillips. 4908 Caroline. Ben and Eugenia Sanders. 539 Patterson. Maurice and Laving Elliot. 305 North East. Auserrv and Annabel Johnson. 714 West -Eleventh St Allen and Genever Winters. 612 Agnes. Claire and Edith Parker. 223 South Summit. Girls James and Luella Bovd. 1550 Shepard John and Margaret Frond. 616% VirJames' and Iva Staples. 938 Maple St. Arthur and Hazel Lvnch. 1314 Bates Clifford and Milah Groover. 1744 West W E?bert l and Estelle Tompkins. 922 ChadWl Zackrie and Corvl Pinner 1752 Fullenand Anna Moore. 2952 Wheeler Charles and Ambert McChristian, 940 Hosbrook. Deaths Malissa Moore. 94. Marion County Infirmary. arteriosclerosis. Mary S Massey. 99, Fletcher sanitorium. acute colitis. Mvrtle Ping. 41. Methodist hospital, carcinoma. Jesse C. Bailev. 39. Central State hospital, paratyphoid fever. Mary H. Funk 34. 610 Parkway avenue, pulmonary tuerculosis. Jesse James Britton. 30. city hospital. aC JuliuV a F. Keller. 54. Robert Long hospital. aortic regurgitation Mino Foster 17. Methodist hospital, acciPearl Smith. 38. 861 Bradshaw, carcinoma , Goldie Lillian Riker 41. city hospital, rheumatic heart disease . Emma Holtz. 74. 130 North Euclid phyostatic pneumonia. Ida Isabelle Madison 78. 5002 Winthrop avenue cerebral thrombosis Dorrett L. Sellars, 34. Central State hospital chronic myocarditis. Wilma Jean Parrish 2 months, city hospital. pertussis. Silas Puddy. 56. city hospital, luetic aortitis. Major Parrish. 27. 1018 North Illinois, pneumonia. In the Air Weather conditions at 9 a. m.: South-southwest wind. 5 miles an hour; temperature. 73; barometric pressure, 30.08 at sea level; general conditions, clear; ceiling, unlimited; visibility, R miles. Gold Yield Drops in 1929 By United Press SACRAMENTO. Sept. I.—Maybe they didn’t need so much then, but the State Mines Division says less gold was produced in 1929 in California than in any other year—a mere $8,526,700 worth of the yellow metal being unearthed.

SWINE VALUES HOLD FIRM IN SLOWSESSION Quality Mostly Common and Medium in Cattle Market. With the Monday holiday in view swine were unchanged this morning at the city yards, price holding even with Friday s range. Weights of 160 to 240 pounds sold for $4.15 to $4.25; 240 to 270 pounds, $3.85 to $4.05; 270 to 300 pounds, $3.55 to $3.75; 300 pounds up. $3.25 to $3.45; 130 to 160 pounds, $3 to $3 60; 100 to 130 pounds. $2.25 to $2.75. Receipts were 12,000, including 7,000 pigs. Holdovers were 801. No steer trade of importance was noted in the cattle market. She stock held slow and steady, quality mostly common and medium kinds. A few' heifers sold at $3.25 to $5, cows §250 to $3.25. Receipts were 200. Vealers w'ere steady with a top of $7. The bulk sold for $6.50 down. Calf receipts numbered 600. Good lambs w'ere steady in the sheep market, others weak to lower and hard to move. Ewes and wethers sold largely at $7, a few up to $7.25. Bucks brought a dollar less. Culls and throwouts sold for $3 to $5. Receipts were 1.600. Stronger tone was displayed in hog trading at Chicago, with most classes around 10 cents higher than Thursday’s average. Early trade w'as dull and not thorughly developed. Receipts were estimated at 40,000. including 5.000 direct; holdovers, 6,000. Porkers eligible fqy government slaughter amounted to 25,000 pigs and piggy sows. Cattle receipts were 2,000; calves, 800; market unchanged. Sheep receipts were 15,000; market steady. HOGS Aug. Bulk. * Top. Receipts. 25. $4.40® 4.45 $4 45 6.000 26. 4 408 4.45 4.45 2.000 28. 4.45® 4.50 4.50 11,000 29 . 4.30 ® 4.35 4 35 14,000 30. 4.208 4 25 4.25 12.000 31. 4.15® 4.25 4.25 12.000 Sept. 1. 4.15@ 4.25 4 25 12.000 Market, steady. —Light Lights—-(l4o-160) Good and choice....* 3.35® 3.60 —Light W'eights—--1160-180) Good and choice.., 4.15 (180-200) Good and choice... 4.35 —Medium Weights—-(2oo-220) Good and choice... 4.25 (220-250) Good and choice... 4.05® 4.25 —Heavy Weights—-(2so-290) Good and choice... 3.65® 3.95 (290-350) Good and choice ... 3.25® 3.55 —Packing Sows — (350 down) Good 285® 3.10 (350 up) Good 2.75® 3.00 (All weights) Medium 2.50® 2.85 —Slaughter Pigs—-(loo-130) Good and choice... 2.25® 2.75 CATTLE Receipts. 200: market, steadv. (1.050-1,100) 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 4.508 <hoo Common and medium 3.00® 14.50 —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, 600; market, steady. Good and choice $ 6.00® 7.00 Medium 4.50® 6.00 Cull and common 3.00® 4.50 —Calves — (250-500) , _ . „ Good and choice 4.00® 5.50 Common and medium 2.00® 4.00 —Feeder and Stocker Cattle — (500-800) Good and choice 4.25® 5 50 Common and medium 3.00® 4.25 (800-1.500) Good and choice 4.258 5.50 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts. 1.600; market, steady, s —Lambs—(9o lbs. down) Good & choice. $ 6.50® 7.25 (90 lbs. down) com. and med.. 3.00® 6.50 —Ewes— Good and choice 1.75® 2.75 Common and medium I.oo® 1.70 Other Livestock BY UNITED PRESS CHICAGO. Sept. I.—Hogs—Receipts 40000, including 15,000 directs and 25 000 government, pigs; market active, 10 to 15c lower than Thursday's close; 180-220 lbs., $4.4084 50; top. $4 50: 230-300 lbs., $3,608 4.40; light lights. $4.25 down; commercial pigs $3.50 down; packing sows $2.75®3.25; light lights. 140-160 lbs., good and choice, $3.6084.35; lightweights, 160-200 lbs., good and choice, $4.20®4.50; medium weights, 200-250 lbs. good and choice. $4®4.50; heavyweights. 250-350 lbs., good and choice, $3.2584.15; packing sows. 275-550 lbs., medium and choice, *2 40®3.35; slaughter pigs. 100-130 lbs , good and choice $2.508 3 60. Cattle—Receipts, 2.000; calves, 800; fed steers and yearlings slow; about steadv; best steers. $6.25; bulk, $4.75 8 5.75; yearling heifers, $5.85, down to *5; grassers. $3®f.75: selected grades selling up to $8: stock bulls. $2.75 8 3.15; slaughter cattle and vealers: Steers, 550-900 lbs. good and choice, $5,2587; 900-1,100 lbs., good and choice. $5.2587.15: 1.100-1.300 lbs., good and choice $5.2587.25; 1.300-1,500 lbs., good and choice. $5.758 7.25: 550-1,300 lbs., common and medium. $3 8 5.75; heifers, 550-750 lbs., good and choice, $586.50; common and medium $2.508 5; cow's, good. $3.50 8 4.50; common and medium, $2,508 3.50; low cutter and cutter cows. $1.50® 2.50- bulls, yearlings excluded, good beef, $3.2584: cutter, common and medium. $2.2583.25: vealers, good and choice $6.25 8 7.50: medium, $5.5086 25; cull and common. $4 8 5.50: stocker and feeder cattle: Steers, 550-1,050 lbs., good and choice. S4B 4.75: common and medium, $2.508 4. Sheep —Receipts 15.000; lambs, weak: top $7.25 on rangers to ship; mostly $7 down; sheep steady: feeders steady: slaughter sheep and lambs: Lambs. 90 lbs. dowm. good and choice. $6 5087.25: common and medium. $486.50; eews, 90-150 lbs., good and choice, $1.5083: all weights, common and medium 7ac®s2: feeding lambs; Feeding lambs. 5075c lb., good and choice, $5 858 6.40 LAFAYETTE. Sept. 2.—Hogs—Market, steady; 200-220 lbs., $4.10; 220-230 lbs., *4.05; 230-240 lbs., $3.95; 240-250 lbs. $3.85; 250-260 lbs., $3.75; 260-270 lbs , $3 65 270280 lbs., $3.55; 280-290 lbs.. $3.45; 290-300 lbs., $3.45; 300-325 lbs., *3.25; 170-200 lbs $4; 150-170 lbs., $3.50; 140-150 lbs., $3; 130MO lbs.. $2.75 120-130 lbs., $2 50: 110-120 lbs., $2.25; 100-110 lbs., $2; roughs, $2.50 dowm. Calves—Steady; top. $5.50. Lambs —Steady; top, $6. FT. WAYNE, Sept I.—Hogs—Steady 200-225 lbs $4 25; 225-250 lbs . $44)5: 250 l 275 lbs.. $3.85: 275-300 lbs . *3 60: 300-350 lbbs.. *3.40: 160-200 lbs.. $4.15: 150-160 lbs $3.90; 140-150 lbs., *3.65: 130-140 lbs *3 85 ; 100-130 lbs.. 03; roughs. *2.75: stags. $1 75 Calves. $7; lambs. $6 75.

WE OFFER Richard Lieber Brewing Cos. Stock Prices nt Market Raymond 0. Jackson & Cos. Investment Securities Fletcher Trust Building: Tel#. I,lnroln 3050 IndianapoliH

Orders executed At the Market Allied Brewing and Distilling Cos., Inc., Wm. E. Shumaker & Company, Inc. 1408 Circle Tower " LI-8354

BE SAFE Insure Yonr Car T*4ay —Full Protection Aufomobile Insurance Ass’n. LI. 8571. 7th Floor. Occidental Bids:.

LOANS AT RBA SONABLE RATES TOR ALL WORTHY PURPOSES The Indianapolis Morris Plan Company Delaware and Ohio Bta. RI. 1536

Indianapolis Cash Grain

—Aug. 31. 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—Rasy; No 1 red. 78%c®79%e: No 2 red. 77%®78-ic: No 2 hard. 77%® 78%e. Corn—Weak: No. 2 white. 46®48c: No. 3 white. 45846 c. No. 2 yellow 43® 44c; No 3 vellow. 42 8 43c No 2 mixod. 42 5 I 43c No. 3 mixed. 41 5 42c ; Oars— Easv. No 2 white. 32%®33%c; No. 13 white. 31 %c 8 32c I Hav—Steadv <F o. b. country points Itakmg 23%c or less rates to Cincinnati lor Louisville' No. 1 timothy. $6®6.50: No |2 timohtv, $5.508 6. (T —lnspections Wheat—No. 1 red. 2 cars; No. 2 red. 2 hears No. 1 mixed. 1 cars. No. 2 mixed. *3 cars; total. 7 cars. Corn—No. 2 white, 6 cars; No. 3 white. ■ L car No 4 white, 2 cars: No 2 vellow. m cars: No 3 yellow. 16 cars; No. 4 vellow. ) No. 5 yellow, 1 car;; No. 2 mixed, 1 car; Nr. 3 mixed, 1 car; No. 4 mixed. 1 car; to.al. 54 cars. •Oats—No. 2 white. 10 cars: No. 3 white, 4 .cars; sample mixed. 1 car; No. 3 feed. 1 ear total. 16 cars. Hiye— No. 1. 1 car: total. 1 car. Cthicago Primary Receipts —Aug 31— Today Last Wk. Wheat 963,0b0 1.268.000 Corn) 566.000 283 000 Oats 390,000 369,000 CHICAGO CASH GRAIN By Ibiited Press CHICAGO. Aug. 30.—Cash grain close: Wheat—No. 2 red. 83c: No. 4 red. 80c: No. 1 hara 82% 984%c: No 2 hard. 82&82%c: No 3 hard 81 %c; No 2 mixed. 81 %c. Corn—[No. 2 mixed 47%849c; No 3 mixed. 46%ffisil%c; No 1 yellow. 48%®49c; No. I 2 yellow. 48%849He; No 3 vellow. 47%® I 48%c: No 4 vellow. 47%c. No. 5 yellow. :46847c; No. 6 vellow. 45®45%c; No 1 (white. Jt>%Bsl%c: No. 3 white. 50%c; No. ) 4 white j 50c; No. 6 whtie. 48%c; sample, i 388 42c. Oats—No 2 white. 36% ?37c; No. IS W'hitei 33%8 36c; No. 4 white. 34c; i sample ufrade. 30c Rve—No. 1. 68%c; No. |2. 67 % c., Timothv—s4Bs.3o. Bariev—46 ® 73c, Cilover—s9.so® 11 25. prOI.EDO CASH GRAIN By Press TOLEDOI Aug 30.—Cash grain <lose: Gr-in in (levators, transit billing: Wheat I —No. 2 r|d. 90891 c; No. 1 red. 181%c (premium. Corn —No. 2 yellow. 55%8 56%c. (Oats—No. 2 white. 40%®41%c. Rve—No. 2. 79%880-toC Track prices. 28%c rate: WTieat—No. 1 red. 86®87%c: No. 2 red. 858 86c. Conn—No. 2 vellow. 51 8 52c; No. 3 vellow. 50®51c. Oats—No 2 white. 37% 839 c: No. 3 iwhite. 36838%c Toledo seed . close: Clovfll* —Cash. *7; October. $7 25; 1 December. s7i4o. Alsike—Cash. $8 50; December. $8.75. Toledo produce close: But--1 ter—Fancy caeamerv. 27c. Eggs—Extras. 1 15%® 16c. Hal' —Timothv per cwt.. 70c. ST. LOUIS CASH GRAIN : By I'nited Pretks ST. LOUIS. Aug. 31.—Cash grain: W'heat —In good demand, l%c higher on red and steadv pn hard; No. 2 red, 83%8 88%c: No 3 ml. 88c ; No. 4 red. 87%c; No. 2 red. gaiaicky. 83%®86%c; No. 3 i red. garlicky. 8S4%8:88c; No. 1 hard, 89c; No. 1 mixed. 88\%c. Corn—ln good demand, l-2c higher; No. 4 mixed. 48c; sample mixed. 42c ; No. 1 yellow, 52c: No. 2 yellow, 51%8 52k ; No. 3 yellow. 50c; No. i 5 yellow, 49%c: wo. 6 yellow. 48%c: No. I 2 white, 54c; No. 6 white, 47%c. Oats— In good demand! l®2c higher; No. 1 l mixed, 38c; No. 2imixed. 37%fe;37%c; No. 2 red. 38c. ’ TOLEDO >C4SH GRAIN By United Press TOLEDO. Aug. 311. —Cash grain close: Grain in elevators. Itransit billing Wheat —No. 2 red. 89%®S‘0%c: No. 1 red. 1® l%c premium. Corn-—No. 2 yellow’. 54%® 55%c. Oats—No. 2 white. 40®41c. Rve— No. 2. 808 81c. Track prices. 28%-cent rate. Wheat—No. 1 yed. 85%®87c; No 2 red. 84%®85%c. Corli —No. 2 yellow. 50® 51c; No. 3 vellow. 4!*®soc. Oats —No. 2 white. 37®38%c; No. 3 white. 368:38c. Toledo seed close: Cloven —Cash. $7; Oc'ober. $7.25: December. $7.40. Alsike—Cash $8.50: December. $8.75. Tolrdo produce close: Butter—Fancy creamery. 27c. Eggs—Extras. 15%® 16c. Hav--Timothv per cwt., 70c. , - CHICAGO CAS&I GRAIN By United Press CHICAGO. Aug. 31. Cash grain close: Wheat—No. 13 red. 86%c; I No. 2 red weevilv. 85 3 |ic: No. 1 hard. I 87c: No. 2 mixed. 85c Cdrn—No 2 mixed. ! 50®50%c: No. 3 mixed. s|)c: No 6 mixed. 46%846%c: No. 2 vellow .' 50%8 51 %c; No. 3 vellow'. 50%50%c: Not 4 vellow. 49% ®so'4c: No. 5 yellow. 48%®4Uc: No. 6 yellow. 46®47'4c: No. (? white. 53%8. 53%c: sample grade. 38®pt'Jc. Oats—No. 2 white 36% 8 38c; No. 3 vt(hite. 34%®37c: No> 4 white. 34%c Rve No. 1. 70%® 71 %c; No 1. weevilv. 72c. Timothv—ss® 5.30'. Bariev—slß 74c. Clover—so.so® 11.25. NEW YORK RAW SUGAR FUTURES —Aug. 31— High Low’. Close. January 1.61 159 1.59 March 1.66 1.63 1.64 Mav . 1.71 1.68 169 jjfiv : 1.77 174 1.75 September 1 46 1 45 1 45 December 1*97 1.55 1 n5

SOUTH SEAS AND ORIENTAL CRUISE The Crrtwning Cruise of 1934 81 $1 nnn Ur) Including Days I| u Iti w 1 ” Shore Excursions 24,000 miles ’round the! Pacific to 18 captivating South Seas and Oriental ports. An itinerary rich in romance and mysticism... nearly 3 montrtt.. -with balmy climate all the way. For Pets tic Communicate With S Richard A. B.urtz, Manager Travel Bureau The Leading‘'Travel Bureau of Indianapolis mow TRUSTS l . l ■■■_ 120 E. Market St. HI ley 5341

Abbott, Hoppin & Company 203 Continental! Bank Building RI leyi 5491 Indianapolis New York Pittsburgh Chicago MEMBERS: New York Stockj Exchange New York Cotton Exchange Chicago Curb Exchange New York Curb Exchange Chicago Board of Trade Nev? York Produce Exchange Chicago Stock Exchange Commodity Exchange!, Inc., N. Y. New York Coffee and sugar Exchange Co-Managiws James T. Hamill Kenneth K. Woolling

We Take Pleasure in Announcing the appointment! of Mr. W. F. Souder , Jr. a.s manager of oir New Insurance Department This department has taken and will continue the operation of the general insurance business oif the AETNA TRUST & SAVINGS * COMPANY Gty Securities Corporation 420 Circle Tower \ Lincoln 5535 August 30. 1933 \ i

.SEPT. 1, 1933

STEADY SALES FORCE FUTURE PRICESLOWER September Wheat Deliveries About as Expected: Corn Weak. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. Sept. I.—Wheat dipped % to % cent at the opening of the Chicago Board of Trade today. May suffered the greatest decline, dropping % to 93% cents. September was off \ and December was off % cent. Corn was off % to % cent, September and May dropping % cent, and December off % cent. Oats following corn and wheat, dropping % to % cent. September was off %, December % and May %. Chief interest in the wheat market was in the first deliveries on September contracts, which total 1.370.000 bushels, or about as was expected. The cast market was strong. Early belief was expressed that the corn crop would be less than anticipated. September deliveries totaled 3.330.000 bushels or about 1.000,000 more than had been expected. Only about a quarter of a million bushels of oats were delivered on September contracts. There was much interest in the revelation of private reports. The crop this year is short and the prices are holding firm. Chicago Futures Range —Sept. 1— Frev. W’HEAT— High. Low. 10:30 close Dec. 90% .89 89% 90% May .94% .93% .94% .94% CORN Dec .54% .54% .54% .54% May .60% .60% .60% .60% OATS— Dec .40% .40.40% .40% May M, .43% .43% .43% .43% RYE— Dec .77% .76 .77 .76% May 3 .83% .82% .83% .83% BARLEY— Dec 56% .56% .56% .57 INDIANAPOLIS WAGON W'HEAT City grain elevators are paying 77 cents for No 2 soft red wheat. Other grades on their merits.

Investment Trust Shares

(By Abbott. Hoppin & Cos.) —Auk. 31— Bid, Ask American Bank Stocks Corn.. 1.14, 129 American & General Sec A.. 600 700 Basic Industry shares 3.55 British Type Inv Tr shares.. 64 75 Collateral Trustee shares A . 500 537 Corporate Trust shares (old).. 2 32 2 49 Corporate Trust shares (new) 2.59 Cumulative Trust shares 438 Diversified Trust shares A ... 650 Diversified Trust shares B 8 37 8.62 Diversified Trust shares C... 340 3 44 Diversified Trust shares D.. 540 560 First Insurance Stock Corp.. 159 1.78 First Common Stock Corp... 1.07 123 Fixed Trust. Oil shares A 9 50 Fixed Trust Oil shares 8... 8 12 Fundamental Trust shares A . 455 465 Fundamental Trust shares B. 4.35 452 Investors Inc 16 87 i8 60 Low Priced shares 6 25 Mass Inves Trust shares ....19.25 20.91 Nation Wide Securities 3 64 ... North Amer Trust shar (19531 1 94 North Amer Trust shar (55-56) 2.60 280 Petroleum Trust shares A.. 11.00 14 00 Selected American shares.... 282 Selected Cumulative shares.. 724 7.34 Selected Income shares 379 425 Std Amer Trust shares . 327 3.32 Super Amer Trust shares A 325 Trust, Shares of America... 3.20 3.34 Trustee Std Oil A 5.30 5 50 Trustee Std Oil B 4 60 480 U S Elec Light & Power A 14 00 Universal Trust shares . 3.20 330