Indianapolis Times, Volume 45, Number 107, Indianapolis, Marion County, 13 September 1933 — Page 11

SEPT 13. 1033

Wall Street-

Drop in Bond Prices Causes Concern: Slump in Fresh Somers Starts Something With Talk of Moving limn special Financial Writer

Thff gradual slump In bond prices of late has aroused considerable interest in the financial district. Many had anticipated a movement in the other direction aft'r Labor day, due to the reinvestment demand which usually makes itself feit at around that time. Those who subscribe th® old theory that bonds usually point the way for the movement of stock values are beginning to wonder whether shares are about to give way or whether the unusual circumstances wrought about by the new Securities Act are responsible for thp present conditions in the bond market.

The volume of new bond offerings during the last several months has b®Pn exceedingly small, and th® prospects for new offerings are said to be poor. Ordinarily this would be expected to divert reinvestment funds into the open market and make for firmer prices. A factor which probably should not be overlooked ’n that respect, however, is the current of “window dressing" operations, which would make themselves felt ordinarily. Another is the unusual care being ®xercised by security houses these davs in the making of suggestions to potential bond buyers. 000 Insurance Loans It will be interesting to watch developments over the next few months as a result of the lifting of restrictions on life insurance loans in New York Star® by George S. Van Schaick. superintendent of insurance. This should increase the potential buying

- - 1

Ralph Hendervhnt

power of a great many people, bir. whether borrowings will increase in any substantial amounts remains to be seen. Insurance people maintain they have been granting loans for all emergencies, and the assumption is that such loans are asked for only in emergency cases. a a a The Rank Examiner Request The N'ow York agenov of the Reconstruction Finance Corporation has sent requests to all iocal banks for competent men to examine bank books in the Second Federal Reserve District. It asks the loan of these men to prepare for the coming into effect of deposit insurance on Jan. I, 1934. In all probability this request will be met promptly, although thp general scheme is no s likely to meet with special approval. The banks mat not tak® kindlv to having men from competitive institutions prowling around among th®ir books, but th® banks which can send their men out on scouting trips under government authority may be expected to jump at the chance. naff The Rest of the Story One wonders how the New York city bond salesmen hired some time ago are making out The figures on selling costs would be interesting, too.

New York Stocks “ ———— Abbott. Hoppin & Co.l "" '

- Sept. 13— r Prev 1 Oil,— High. Low Close. close Ammiia IS +5 , 45', 45*r AM Ht, . 30'. MS 30', M’ Barnsdaii . 10 7 10* 10* 11 Consol Oil .. . 15 14* 15 15 i Con* of rl . !8’ IS 7 . 18‘a )8’ Houston tnewi.. .. . . 6', S' 1 * Houston fold' . .■ 32 Indian Rfg 4'. 4'. 4', 4 Mid font Pet 15 14*. II 7 . 14 7 ! Ohio Oil IS 1 . IS IS 5. IS 1 , Prl Corn 14'. 14a 14'. 14', Phillips Pet . 17 7 , 17*. 17*. IB Pure Oil 12*• 12 . 12'* 12'.R >ral Dutch . . . 34 1 a 31 1 * Slid Oil 35', 34', 35'. 33 . Shell Un 9 . ' *• 9 1 , Simms Pet . 11', 11' Skeilev Oil . 9 9', Sir Vac . 14 13', 13’. il S O of Cal .41', 41 1 a 41 7 40 7 SO of Kan . . 28 j S O of N J 42' 41 7 , 42 41 ’, Sun Oil ... . . 46 Texas Corp MS 28'. 29 28’, Tidew.ver Assn in 3 . 9 T 10 Un Oil of Cal 2? 12'. 22 22 steel?— Am Roll Mills 23> 23* 23', 23 Beth Steel 40 39’.331,9 1 ,39 M B.rrs AM ... 34'.Col Fuel Or Iron S’, S’. ! Cruc Steel ... ... 26 27 1 ; Inland Steel ... ... 37 Ludlum Steel ... ... 15 MeKeesport Tin . 91’a 93', Natl Steel 46', 47 Rep Iron A- Steel 17 7 a 17*, 17*. 18', Rep Iron ,v S p .. .39', 1 U S Smelt 88 87 87 87’. Vanadium . 27 26 27 27', Mid Steel . 14', U S Pipe A Fdv 17'. 17', 17'. 1. - V S Steel 35'a 54', 55'a 54, U S S’eel pfd 92 Yr mtf*n S & I 27', 26 27'. 26*. Rails— Atchison . .68 67'a 68 68', All CM Line 48'a I B O 34>. 34 34', 34'. Can I’ar 16 13’, 16 15', Ch A' Ohio 46** 46'a 46*, 46 Chi A- CP W 4*. C M A. St P 8 , B'a 8 '2 8". C M A- St P Pfd 13 . 13'a 13 s 13 s , Chi N W . .. 12 1!*, 11*. 12 Chi R HI 6‘. 6'a, Drla A’ Hud Erie ... 22'a 22 Ort Northern 27'a 2S 7 . 27 27'.II! Central 42' 2 42 42'j 41*, 1 Lou A Nash ... 55* M K A- T 13 1 6’. Mo Pac pfd ... 9 1 , N Y Cent 49 7 49 49 49'a N Y Chi A- St L . 24 25 N Y Chi A- St L D 23'. N Y Ne Haven 28 27'? 27'- 27’, N Y Out A- Wes 12’, Norfolk A- Wes . 165 Nor Par 27 1 . 27>, 27'a ,7 Penn R R 337,6 7 , 36’, 36’, 36’. Sou Par 30 29*. 30 25’ Sou R R 32 31’. 32 31', Sou R R Pfd . 36 | Union Par 121'j 121 Wabash . 4 4 1 . W st Marvl ... 13' Motor,— Auburn 62'a SI 1 , 61'? 61 Chreslrr 43' a 46’, 43’a 48'. Oen' Motors 34', a4' 34*. Graham Mot. 3*. 3*, 3 7 3* Hudson . 15). lf'r 15J, 15 Mart Truck 38L 38 " 39 ' 37**. : Nash 24’. 2**a 21*, 24', Packard . 5 4 T . 5 4'. Rn 4‘. 4 4 4 . S idebaker 6*. S'. h' 6), Yellow Truck . S'. 6', S', 6 . Motor Acre*.— Bcndix IR*, 18', 18*, 18 . Bohn Alum - , 46 B>rc Warner 20 13*. 20 19*. Br:sgs 11* ll'a H'a 11** , Budd Wheel s*, 5 s>, s*. Raton Mfc • , 13 13 I F’er Auto lute 22', 21'a 225, -IN t Hond Her A- 4*. 4 jS Mullins Mfz . - ! Murray Bodv 8' 8 8' 8, g*ew Warner S’. B'a 8S i Ttmken -Rol . 31*.3370 7 31 * 31 Minina — _ . ... i Alaska Jun .. 2S’a 2o • -8 Am Smelt 39 s * 39-* 3jU* 39 Anaconda *1,4 *', * Cai A Hrcla 6’, 6‘ S'. 6*, a-'-pr,) Pasco . 36’ * 36 ■ 36 ’ 2 36 * Cerro Pe Pasco 36'. 16), 36)a 36', G-anbv 10*, lO’a 10*, 11 5, Nor Ore 13'. 13 13', 13 H*mestake Minn 300'. 300 300'. 300 j Howe Sound .. ... 25 • _ ; *> a, &£5. w 1 *'. he. S'l ml, Horanda Cop ..33 N 33 33 S 33), , Phelps Dodge ... 16 15 1 . 16 **'> : m£TT~ 50'2 Am Sum rob 18'. 18 *. 18). 19'Ant Tobacco A . 8< . . . t Am Tob B 91 90 90 '. 90 j Oen Cigar 38 1 LlfiC A- Mvers B 95', 95‘, 95’. 95’, U'rr.llard 24 2324 23 7 , . Reynolds Tob B. 53 S 53'. 53'. 53 Equipments— Allis Chalmers 20'a 19'a 19 2 19 , Am Car A Fdv 31 3031 31 Am Loco . .. 32 32 Am Mach A Fdv 17*, Am Steel Fdv . 22’ 2 21 s , Bald Loco . 13’, 13 s , 13 , 13 Burroughs 18', 18 18’, 17*, Case J I . . 78 s . 76 s , 7876 ' , Cater Tract 23 2 23 23'2 23 . Coigat Palm P*et ... 17' 2 18', Cos nq oleum 25 3h 24*, 24'. Klee Stor B.' * . 47' 47 47 47 7 poster Wheeler . 18 1 18 Gen Am Tank C 38 s . 37*, 38’. 38’ Gen E'.oc 24’. 24 . 24’, 24' oen R B Sit ... 41 40 41 44 2 Ir.gsol Rand 61 Int Bus Mach 147’, Int Harvester . 41 '2 40' 2 4! '2 40 , Kelxinator . 155, 14 14'. 14 a Natl Cash Reg 20', 20 20*, 20'. Free A- Gamble 4S 7 . 43’, 43’, 23’, Pullman Inc 51 2 51 51 5! Simmons Bed 26 25*. 26 26', Und Elliot 34 34 Wes? Air B 32 31'a337,! 7 , 31' 2 Westingh Elec 46 4o* 46 45-, Worthington Pmn . . 29 29', Uttlitie. — Am A For Par 13', 13*. 13'a 13*2 Am Power & Lit 12 11*. 12 12 .TAT 132*, 131*, 132*4 131*. Am Wat Wks 28 s , 26*. 28’. 28*, Brook Un Gas . .. 74 Col Gas A E.ec 1. . I.’, 17), 17*. Com A Sou . 3 2'. 2 7 2 7 Consol Oas 47'i 46*, 46 s , 47*. E'.ec Pr A Lit 9*. B*, 8 7 9 Int TAT IS 7 , 16 s . 16’, 16', Lou GAEA 19', 19 19 Nat pwr A Lit IV. 13’, V, I.V, North Amer 23 . 22’, 22’, 23 Pac OA E 23 . 22 s . 27 23*. Pub Ser* N J 39 39' So Cal Edison I.’*, 19'. gtd Gs 14* 2 14 - 14*, li’. S?d Oas Pfd 1.5*. 15*. United Com B*, 7 7 . 8 Un Oaa Imo 18 s . 18', I>. MS U’ P r A Lit A 5 4* Western Union 68*. 6'*, 67* 68 Rubber*— Pirestone ... 2 7 56*. 26", 26 . Goodrich ... 16*, 15', 15’, l* 1 . Oood’ear 38 37S 37* • 37', r S Rubber 1 B', 18*. 18'. 18 , n s R ;b P P D 30'. Rel fnr;r.g J l , 3’.- 3'? 3*. Amusement, — Crcslev Radio 11 1 2 POX Tha 18', !•, 17S I s ' Loe, 1 Inc 35*, 35 35*. 3'\ Radio Corp 9 s , 9', 9’. 9 1 ?! RKO 3', 3*, 3 V 3*. Warner Bros .... B*2 B', 6 2 B*.

Foods— Am Sugar 66', 65', 66 64*. IA 4*, 5 Borden Prod . 27', 26’. 27 25', Cal Packing ... 28 Can Dr. G Air . 31 >,337,0 7 ,30 7 , 3f) 7 , Coca Cola ... . 91', Coni Bak iA' 13 13', Corn Prod . 86'2 85’, 65*, 86 Crm of Wheai337,1 7 ,31 s . 31 s , 31 7 s Gen Foods . 39 *3378 7 39', 38" (iold Dust . ... 23', 22 7 23*. 23*. G W Sugar. . 39 37S 39 37’. Hershev . . ... 36', Loose Wiles .. . . . 39 Nat! Bi.cuit 57 56', 56', 57‘ 2 Natl D Prod.. . 18 s , 18', 18*. 18’, Pet Milk 14 Purity Bax . . . 19' 2 3 Porto Rico S41 7 7, 7 , 41' 41*. 41*, Sid Brands 29 28*. 28' 2 28 s . United Fruit . . . 63*4 Wriglev si’. Retail Stores— As.o Drv Goods 17*, 16 7 , 17’, 16*, Best A Cos . 3332’s 33*, 32*, Gimbel Bros ... 6 Gimpel pfd 22 21 22 21 fir Ull Tea 71, 73, Hahn Dept Sts.. 7‘, 7 7s, 7 Kreske S S 14', 13 7 , 14', 14', Kroger Groc 27V 27', 27' 4 27', Macy R H . . 61’, 61 May Dept St 30 Mont Ward . 25 7 s 24 s , 25 7 , 24*, Penny .1 C 49 7 , 49*, 49 7 . 49 Safewav S* . . 51 49 s , 49 1 , 51*, Sears Roebuck 44’, 42'2 44*. 42 3 Wooiworth . .. 39',3378 7 39 39 s , Aviation— Aviation Corp .. 11*, 11', 11’, m, Douglass Air 16 15', 16 15' 2 Curtiss Wright 3', 3', 3', 3 Curtis Wright A 6' 2 6*. 6*a 6 s , Nor Am Av 7i 2 72, United Aircraft. 39 38*. 38’, 38 s . Chemicals— Air Reduction . 1(15', 104*, 104*, 104 Allied Chem 133’, 138 138 138 Am Com Alcohol 69’, 68' 2 68’, 68', Col Carbon 61' 2 63 Com Solvents 40', 38*. 39’, 38', Dupont 82*. 81', 82 81", Freeport Tex . 45' 2 43 7 45' 2 44 Liquid Carb 34', 33 34 34 Math Alkali 40', 39 40', 38', Tex Gulf Sulph 33*, 30 7 . 33*, 31*. Union Carbide 49', 48' 2 48', 48', U S Indus A1 75' 2 74' 2 74*, 74', Natl Distil . 104*, 103', 104', 103 Drugs— Cotv Inc 5 4 7 . 4 7 , 54 Drug Inc 41 39-’, 40', 42 Lambert 333, 331, Lehii 7 , Fmk ... 20', 20', Zomte Prod .. 7', 7 7 7 Financial— Adams Exp 10' 2 10‘, 10*, 10', Allegheny Corp . 6 ss.5 s . ss,5 s , s*. Chesa Corp 47' 2 48', Transamerica 7', 7 7 s , 7 Tr Conti Corp 6 3 , 6'i 6' 2 6 3 4 Building— Am Radiator . 16' 2 15 7 . 16', 16', Gen Asphalt 22 22’, Ini Cement . 33 Johns Manvllle 56*. 55*a 5.5, 55', I ibhv Owens Gls 32', 31*, 32', 31, Elev 17*, 17*, Ulen Const 3' 2 3* Miscellaneous— Am Bank Note. 13', 13 13', 19', Am Can 93', 93 93 92‘ 2 Anchor Cap 27', 27*, Brklvn Man Tr 32', 31 32'. 31'. Coot] Can . 65*, 65 65V 65*4 Eastman Kodak 84 , 84 84', 84 Owens Bottle 82', 81 81 81'2 Gillette . 17 s 18 Go’ham Silk ... . • 11*2 Indus Ravon ... 72', 73' 2 Inter Rapid Tr . . . 7’, Real Silk Hose. 14 New York Bank Stocks 1 Abbott. Hoppin & Cos. 1 —Sept. 13— Bid Ask Bankers 59 s , 60', Centra! Hanover 124'2 126 ( tut National 26 s , 27'. Chemical 36' 2 37 Corn Exchange 50 51 Continen'al .. . . 14 7 , 15% Fry National 1.350 1 365 Guaranty . 306' 2 208', . .MU 18 18'. Manhattan A Cos 29 s , 30 Manufactuers 16', 16' 2 New York Trust .. 94', 95', Public .. 34*, 35', Liberty Bonds Mu I nitt tl /’re,* NEW YORK. Sept. 13 Closing liberty bonds 'Decimals represent thirty-seconds'. >ertV Vs 32-47' 102 29 Liberty Ist 4,s '32-47 102 31 Liberty 4th 4*,s .33-38' 103 6 Treasury 4',s 47-52i 11l Treasury 4s 44-'4> 106 30 Treasury 3*.s 43-471 102 10 Treasury 3*s 41-43' March 102 5 Treasury 3*s MO-431 June 102 8 Treasury 3',s 46-491 ... 100 19 Treasure 3s 51-55' . ... 99 3 Treasury 3s <4l , . 10119

Foreign Exchange

. Bv Abbott. Hoppm & Cos - -Sept. 12Close S'erhng Engla.-.d . $4 57'Franc France 0558' 2 Lira. Italv 0751' 2 Eelgas. Belgium 1995 Mark Germany . 3405 Guilder. Holland 5765 Peseta, s- < 1197 Krone Romt 2305 Krone. Denmark 2048 Marriage Licenses William Armstrong 26. of 1115 Madison aver.' -’ welder and Be’ty Haessig. 23. Indianapolis, weaver. Fred T Drennan. 24. Danville, road w rkfi. and Marc Appleget, 18. Clermont. housework Robert Brice Searcie. 37 of 918 Paca stre-' minister and Mona Einabetn Mathews 27. of 1212 Cornell avenue. housekeeper. Lawrence Spaulding 35. Newcastle a •:: ,c mechanic, and Della Mae Fortune 36. of R R 8 Box 788 housework. John Farce.- 24 of 574S 7 4 North Sheffield avenue filling ?? tlon attendant and Ma-v Sanders 18 of 546 Goodlet avenue housework. Ja:i --> Forrest Johnson. 21. of 4817 S ngster a*. -v:e. sailor, and Nancv Ann C.impi't 18 of 4817 Sangster avenue housework C :fton Adair Bratton 39. of 1921 East T-elfth =ireet. painter and Augusta Joan Q nr. 28 of 1921 Fa?- Twelfth stree’. housework I' ’n F Kw n 29 of 1440 North Illinois tor. and R rh Mae Webb. 25. of IT'S N -'h We! a- .- reel bookkeeper. F--1 L Marble. 23 of 121 Wes' Twelftn " - mechn.c end Harriet O'Neal. 33. o, 2257 North Illinois street., housework. *

'ISSUES DISPLAY FIRM TONE IN , SHORT SESSION Prices Strengthen as Sales Volume Shows Gain Near Close.

Average Stock Prices

Average of th;rtv industrials for Tuesday High 104 90 low 102 33. lasi 102 84 oft 75: average of twenty rails 51 77. 50 75 50 83 off 54: average of twenty utlliites. 30 88 29 83. 30 00. off .30: averac of forty bonds 88 92 ud 12 avprag of ten first rails 92 47. up 27. average of ten second rails. 73 98. up .15; averaze of ten utilities. 94 01. ud 07. average of ten industrials 87.24. uo .05. BY ELMER C. WALZER United Press Financial F.ditor NEW YORK, Sept. 13.—Stocks ruled steady to firm in today’s short session. The exchange closed at noon for the NRA parade. A weak dollar offset adverse steel news and indications the city of New York would impose additional tax burdens on stock transfers, and utility companies. The steel news was conveyed.by the Iron Age which reported the industry operating at 41 per cent of capacity, against 45 a w’eek ago and, of more significance, that authority found consumption demand declining. Electric Output Gains Electricity output made a creditable showing, the total for the week ended Sept.'9. showing a rise of 11.1 per cent over the corresponding week of 1932. On the preceding week the per cent gain over the previous year was 11.8. The total for the week declined from the w r eck before on account of inclusion of the Labor day holiday. United States Steel touched 5434 and came back to 554. where it was up L from the previous close. Other leaders were higher in the various groups. A fair-sized group of special issues made new' highs for the year, including Freeport Texas at 45 1 2, up 2; Kelvinator 15%. up Its; Mahieson Alkali 40 %, up l 1 ®; Motor Meter 5 V up IV and Motor Products 33 V up 3 V Folx Film equaled its high at 18%. up 2V Rails made small gains with the exception of Pere Marquette which dropped nearly 5 points, to 26 V Carloading reports for the week ended Sept 9 are making poorer comparisons with a year ago than those of the preceding week. Mail Issues in Remand Farm equipments and mail order shares met demand near the close, following advances in grains. Wheat rose more than 3 cents a bushel following announcement the agricultural adjustment administration w'ould subscribe export of 30.000.000 to 35.000.000 bushels of stored w'heat from the Pacific northwest. Cotton futures gained about 50 cents a bale, and other commodities ruled steady to firm on inflation talk. Trading picked up in volume as the clos(£ neared and prices made new- highs for the day. About the only group which did not participate w r as the utility which was held back by tax fears.

Bank Clearings

INDIANAPOLIS STATEMENT —Sept. 13Clearings ... $1,887,000.00 ! Debits 4.780.000.00 TREASURY STATEMENT - -Sept. 13Net balance for Sept. 11 $1,187,240,329.45 Int. Rev Rcpts for day.. 6,827.552.85 Customs rects mo to date 10.673,288.83 New York Curb By Abbott. Hoppin A Cos. —Sept. 13— Close Close Alum Cos of Am 71 Hudsn Bay min 9 7/ c Am cts pw-lt b 3', imperial Oil 14 !Am Cyan B i7Vlrving Airchute. 5*4 Am Gas A El.. 28' Inti Ptrol . . . IP's |Am Sup Pwr . 3% Mount Prod .. s*, ' Ark Natl Pwr A l 7 a hTatl Bellas Hess 3 Ass Gas A I', Pennroad . . 3 s , Atlas Ut Crp... 14 S' Regis Paper. 4' 2 Con More 3', Salt Creek Prod 6* 8 Cent Sts El - 2' 2 Std Oil of Ind. 33' 2 Cities Serv . .. 2 7 Std Oil of Ky . 17* 8 Commn Edison 92 Stutz 7 Cord 11 7 b United Foundrs 1 1 2 I Eisler Elec ... I',.United Gas 3* 4 El Bnd A Sh . 23". Un Lt A Pwr A s s ' a i Ford of Eng .. s s , Util Pwr ALt . 1* 8 Ford Mot Can 14' 2 Wright Hrgravs 7’ 8

f?ORIZO\TAIj Answer to Previous Puzzle fixedly. I Who is the fa- ICHARLESSCMADLi Nil 20 Prickly pear, mous lady in U! f5 L £ | njHhBAL O U C5T_ 22 the picture feej, IEpM l iAMP^oTD'EisI 2 Stiff collar, who retired in ogv L MpAIN I CIPEAT 27 Networks her prime? M !nkßHl ! T'r D [' iv 2S Paid Publicity. 9 Reverential r pIBqtI ""‘' |PAuIsS 29 That is io?r trM . :M*oKS.nMlg soßwks'ot 11 Mister. Xi a filAPl \H ■ be ftF necks--15 iSS?. Ara * rt “ S car - Member of r— l r 83 Freedom o£ Parliament. ,! .iQIX -WLirRJF ■ access. 16 Idle drunkard. 35 The pictured IS Capuchin 41 Home for pigs. VERTICAL lady is one of monkey. 43 Frost bite. 1 Pastry in ring the first of the 19 To place in 45 To moisten. form. stage stars to line. 46 Verb •'be." 2 Sun god. gain great 21 Glossy silk. 47 Anger. 3 Barley success. 23 Open cotton 4S An assumed spikelet. 36 Gives medical fabric. name. * 4 Rental care. 24 Sport. 50 Meadow. contract. 42 52 weeks. 25 The lady in 51 Low tides. 5 Rich figured 44 Theatrical the picture was 54 To total. fabric. drama. a successful 55 Arm of the 6 Inlet. 45 Soft masses. -—. ocean. • 7 Road iabbr.l. 46 Genus of auks. 32 Scolded 57 Sh> made her STo eumplain. 49 Structural 34 Gravely intent. debut in 12 Law. nnit. 37 Variant of "a.” ‘‘Faust’’ in 15 To mutilate. 52 Postmeridian. 35 Building site. —l7 Person under 53 South America. 39 Cavity. 5S Glossy cotton full legal age. 55 Pronoun. 40 Credit (ahbr ( fabrics IS To gaze 56 Northeast. I ' (5 14 I 15 I 6 7 6 ~— !7? HP 27 28 I “30 - ——— "33 55“ bT ■TIIH gpr~jr r 7 51 Sit r SJ KSMS4 5(3 , LJ 57 -"lbtT us - - I ——

THE INDIANAPOLIS TIMES '

INDIANA STOCKS AND BONDS

The following quotations do not represent actual bids or offerings, but merely indicate the approximate market level based on buvinz and selilne inquiries or recent transactions. —Sept 13— Bid. Ask. Belt Rail A- Stock Yards com 28 33 Belt Rat! <fe Stock Yards, pfd 45 50 Cent Ind Pwr pfd 7o 8 12 Citizens Gas Cos pfd S'® 63 6i Citizens Gas com 15 18 Home T A- T Ft Wayne pfd 7% 35 40 Ind & Mich Elec Cos pfd 7<V. 68 72 Ind Gen Service Cos pfd S'*.. 64 88 Ind Hvdro Elec Cos 7 r i .’ 24 28 Indpls Gas Cos com 40 44 Indpls Pwr Lt pfd 6% 59 63 Indpls Pwr <v Lit pfd 6%'7-.. 61 65 No Ind Pub Berv Cos pfd 6 . . 32 3t> No Ind Pub Serv Cos pfd 5%% 29 33 No Ind Pub Serv Cos pfd 7V. 33 37 Indpls Water Cos pfd s'r 89 93 Ind Pub Serv Cos 6% 3f% 39 1 2 Public Serv Cos of Ind pfd 7-9 32 36 South Ind Gas El pfd 679.. 57 51 Terre Haute Elec nfd 6-9 25 29 BONDS Citizens Gas Cos 5s 1942 86 90 Home TAW 5 V 1955 97 100 Home T & T W 6s 1943 98 102 Indpls Gas Cos 5s 1952 76 79 Indpls Rys Inc 1967 30 33 Indpls Water Cos 4%s 1940 ... 98'a 101% Indpls Water Cos 5s 1980 95 99 Indpls Water Cos os 1970... 94 98 Indpls Water Cos 5%s 1953 100 103 Indpls Water Cos 5%s 1954...100 103 Kokomo Wat Works 5s 1956... 79 83 Lafayette Tel Cos 5s 1957 83 87 Muncie Water Works 5s 1939.. 85 89 Richmond Water Works 1957. 84 89 Terre Haute W'at W'ks 5s 1956.. 89 89 Terre Haute Wat Wk 6s 1940.. 94 99 Traction Terminal Cos 5s 1957. 45 49

Chicago Stocks

By Abbott. Hopptn & Cos. TOTAL SALES. 48 000 —Sept. 12High Low Last Acme Steel Cos 31 301* 31 Allied Products 13 12% 12‘2 Asbestos Mfz 414 4% 4% Asso Telephone Util . . % Automatic W’asher • IJ* Bendix A'iation 19 18‘4 18*2 Berehoff Brew Cos 13 12% 13 Binks Mfz 21a 214 2% Borg-Warner 19'4 1914 19% Brown F&WA.... 6 £ L Bruce Cos 16 Butler Bros . 4% 41-2 4% Cent 111 Pub Serv pfd 23 Cent 111 Securities com Cent & So West ...... .. ••• Cent At So W P L pfd.. .. }g,‘ Chi A- No West 12V 12V* 12 Chicago Coro com .. 3% 31-a 3/2 Chicago Corp pfd .26 25 J s 25 a Chicago Mail Order ... ... Cities Service 2'a 2% 2 a Commonwealth Ed ... 541a 52 52 v Consumers ... ••• 8 Cord Coro 12% 11% 11* Crane Cos 2 Curtis Mfg Cos 9 Dexter Cos Electric Household • • • 2 Fitzsimmons & Connell .. ... in Gardner-Denver Cos ■ • ■ •• • 21 General House Util.... 21 20 20 Goldblatt Bros 22 a Great Lakes Dredge .... 16*2 16 16 Greyhound Corp ...... % *2 8 Grigsbv-Grunow 2’a 2% 2% Hall Printing 6*2 6 6_ Houdaille-Harshey (B> .. 4% 414 4Ind Pneu Tool 12 11% 11% Kalamazoo Stove . .. 24 Kingsbury Brew Cos .... 12V* 1214 12'a Libbv-McNeil 5 4 7 a 4% Lion Oil Refining Cos. . . ... 6% Loudon Packing 15% 14% 151 r Lynch Corp 42 40 41 Marshall Field 16 1514 15*2 Mickelberrv's Food Prod .. ... 4 Middle West Utilities % Midland United ... 1 National Battery ... 25 National Leather ... l s/ 3 National-Standard 24% National Union Radio.. .. ... l'a Noblitt-Sparks Ind Inc 25% 25 25% Northwest Bancorpora.. 7V2 714 714 Perfect Circle 24 Pines Winterfront 2% 214 2% Potter Cos . .. 4 -Prima Cos 2414 2414 24'1 Process Corp ... 3*4 Public Service N P ... 29' 2 Public Service 6-1 pfd. . . . 60 Quaker Oas 134'4 133 1 * 13412 Quaker Oats pfd 116 Railroad Shares ... 7% Sears Roebuck 4314 42*4 42% So Colo Power A ... 414 Studebaker Mail A ... % Swift & Cos 18 5 4 1714 1714 Swift International ... 2614 Thompson J R 714 7 5 4 7% Utah Radio 3% 21a 2'a Utility & Ind pfd ... 4% Vortex Cup Cos A ... 25% Wahl 214 2 2*4 Walgreen Cos com 17 1614 16% Ward Montgomery A... 71 70 71 W'ieboldt Stores ... 12 Zenith Radio 2% 214 214

Investment Trust Shares

By Abbott, Hoppin & Cos. —Sept. 13— Bid Ask American Bank Stocks Corp ~. 1.14 1.29 : American A General Sec A 6.00 7.00 | Basic Industry Shares 3.55 3.65 | British Type Inv Tr Sh 60 .70 Collateral Trustee Shares A... 5.00 5.37 | Corporate Trust Shares fold'.. 2.27 2.42 Corporate Trust Shares mew).. 2.54 2.62 Cumulative Trust Shares 4.43 4.48 Diversified Trust Shares A.... 6,25 ' Diversified Trust Shares B 8.37 8.75 Diversified Trust Shares C 3.35 3.39 Diversified Trust-Shares D 5.30 5.40 First Insurance Stock Corp .... 1.60 1.70 First Common Stock Corp 1.07 1.23 Fixed Trust Oil Shares A 9.05 Fixed Trust Oil Shares B 8.05 . . Investors Inc 19.00 20.60 Low Priced Shares 6.45 6.55 Mass Inv Trust, Shares 19.25 21.00 Nation Wide Securities 3.62 3.72 North American Tr Shares (53) 7.95 North American Tr Sii (55-561. 2.60 2.65 Petroleum Trust. Shares A 11.00 14.00 Selected American Shares 2.85 Selected Cumulative Shares.... 7.23 7.48 Selected Income Shares 3.95 4.10 Std American Trust Shares A.. 3.22 3.28 Trust Shares of America 3.18 3.24 Trustee Std Oil A 5.52 5,75 Trustee Std Oil B 4.95 5.05 U S Electric Lt A Pwr A 13.50 14 00 Universal Trust Shares 3.18 3.26 NEW YORK RAW SUGAR FUTURES —Sept. 13— High. Low. Close. January 1.55 1.53 1.55 March 1.60 1.58 1.60 Mav 1,66 1.64 1.65 Julv 1.71 1.68 1.71 (September ••• 1.47 December 1.53 1.51 1.53

PORK MARKET STEADY TO 5 CENTS HIGHER Only Slight Change Shown in Cattle: Vealers Move Upward. Porker prices remained steady to around 5 cents higher than Tuesday’s average at the Union Stockyards this morning. Practically all classes were fairly active. The bulk. 160 to 260 pounds, sold for $4.40 to S4 50. Weights scaling from 260 to 290 pounds were salable at $4.10 to $4.30, while heavier weights from 290 to 350 pounds, sold at $3.80 to $4.00. light, kinds scaling 130 to 160 pounds held at $3.50 to $4.00, while extreme lights sold from $2.75 to $3.25. Receipts were estimated at 11,000, including 5,000 government pigs. Holdovers were 365. Only slight change was evident in the steer condition, with movement slow and about steady at the week’s decline. She stock held fairly active and mostly unchanged. Bulk steers sold for $4.50 to $5.85. Heifers were largely selling around $4,25 to $6.00, while beef cows brought $2.25 to $3.25. Vealers were strong to around 50 cents higher than the previous session, selling at mostly $7.50 down. Top was SB.OO. Cattle receipts were 1,000; calves, 600. Prices ranging strong to mostly 50 cents higher featured lamb trading. The bulk of good lambs was selling at $7.00 to $7.75, with most grades salable at $7.25. Throwouts ranged down to $3.50. Receipts numbered 1,700. Two-way market was shown in hog trading at Chicago, with initial sales active to strong and bids weak, compared with Tuesday’s average, at $4.55 down. Receipts were estimated at 55.000, including 25,000 government pigs. Holdovers 8,000, of which 6,000 were government pigs. Cattle receipts numbered 11,000; calves. 1,500; market steady to 25 cents lower. Sheep receipts were 17,000; market unchanged. _ , HOGS Bulk. Tod. Receipts. 6. $4.35(9' 4.45 $4.50 12 000 T 4.60 4.60 6.000 o’ iii 4 55 L3OO 9- 44 5@ 4 55 4.55 9.000 4 4.65 4.70 9.000 - 4 i 4o ® A' 30 4 -50 12.000 13. $4.40® 4.50 4.50 11,000 Market, uneven. „ —Light Lights—-(l4o-160) Good and choice. ..$ 3.75® 4.00 , „ —Light Weights—-(l6o-1801 Good and choice .. 4,40 (180-200) Good and choice... 445 —Medium Weights—-(2oo-220) Good and choice... 4,50 (220-250) Good and choice... 4.50 —Heavy Weights—-(2so-3001 Good and choice... 4 10'S 1 4.40 (290-3001 Good and choice 3.70® 4,00 —Packing Sows—(3so down) Good 3 10® 335 (350 up 1 Good 3.00® 3.25 (All weightsi Medium 2.60® 3.10 - —Slaughter Pigs—-(loo-130) Good and choice... 2.75® 3.00 CATTLE Receipts, 1,000; market, steady. (1.050-1.1001-Good and choice $ 5.00® 6.75 Common and medium 3.25® 5.00 (1.100-1.500) Good and choice 5.00® 6.75 Common and medium 4.000 5.00 —Heifers—-(sso-7501 Good and choice .! 4.00® 6.00 Common and medium 3.00® 5.00 (750-900 1 Good and choice 4.25® 5.75 Common and medium 2.75® 4.25 —Cow'S— Good 3.00® 3.50 Common and medium ........ 2.25@ 3.00 Low' cutter and medium I.oo® 2.25 —Bulls (yearlings excluded' Good (beef 1 3.00® 3.50 Cutter, common and medium.. 2.00® 3.00 VEALERS Receipts. 600; market, higher. Good and choice $ 7.00® 8.00 Medium 5.00® 7.00 Cull and common 3.00® 5.00 —Calves — (250-500) Good and choice 4.00® 5.50 Common and medium 2.00®) 4.00 Feeder and Stocker Cattle—--1500-8001 Good and choice ... 4.25® 5.50 Common and medium 3.00® 4,25 (800-1.5001 Good and choice 4.25® 5.50 Common and medium 3.00® 4.25 SHEEP AND LAMBS Receipts, 1,700; market, higher. —Lambs—(9o lbs. down) Good & choices 6.75® 7.75 (90 lbs. dow'n) com. and med. $3.50® 6.75 —Ewes— Good and choice 1.75® 2.75 Common and medium I.oo® 1.75

Other Livestock BY UNITED PRESS CHICAGO, Sept. 13.—Hogs 55,000 including 25,000 government pigs; 5,000 directs: holdovers 8,000; market active. 5 to 10 cents higher than Tuesday; 180-230 lbs., $4.55'',/4.70; top, $4.75; 240-290 lbs.. s3.9oft 4.60: 300-400 lbs., $3,354; 3.90; light lights, $4.50; commercial pigs, S3 75 downward; packing sows. [email protected]; light lights. 140-160 lbs., good and choice. $44; 4.60; light weight 160-200 lbs., good and choice. $4.404!4.70; medium weights, 200250 lbs., good and choice. $4,404/4.75; heavy weights. 250-350 lbs., good and choice. $3,604; 4.55: packing sows, 275-550 lbs., good and choice, $2.65tg3.55: sluaghter pigs, 100-130 lbs., good and choice, $2,854; 4. Cattle ll,OOO. Calves 1.500; best fed steers and yearlings, fully steady to shipping accounts; killing classes strong; heifers and mixed yearlings steers strong to 25 cents higher; medium and weighty heifers up; calves very slow; bulls scarce and strong; vealers uneven, steady to weak: yearlings mostly 55.254i6.25; extreme 1,230 pound top, $7; slaughter cattle and vealers, steers, 550-900 l’os.. good and choice $5.254;6.65, 900-1,100 lbs., good and choice. $5,254; 6.90: 1.100-1.300 lbs., good and choice. $5,504; 7; 1,300-1,500 lbs., good and choice, $5.754;7; 500-1,300 lbs.,* common and medium. $34( 5.75; heifers, 500-750 lbs., good and choice, $54; 6.25; common and medium. $2 504; 5: cows, good, $3,504(4.50: common and medium. $2 354; SSO; low cutter and cutter. $1,254/2.35; uulls, (yearlings excluded), good (beefi, $3,254(4: cutter, common and medium, $2,254(3.35; vealers. good and choice. $7-;; 8 50; medium. $5,504; 7: cull and common, $44(5.50: stocker and feeder cattle, steers. 550-1.050 lbs., good and choice, $4,254; 5: common and medium. $2,754; 4.25. Sheep—--17.000: fat. lambs slow; early sales on natives up to $7.50: best held at $7,75: sheep and feeders steady: top on ewes $3; slaughter sheep and lambs, lambs. 90 lbs., down, good and choice. $6,754; 7.75; common and medium, $44; 6.75: ewes. 90-150 lbs., good and choice. $1,504; 3; all weights, common and medium. $ .754(2; feeding lambs. $64( 6.50. - FT. WAYNE. Sept. 13.--Hogs—sc up; 275; lbs.. $4.35; 275-300 lbs., $4.15; 300-350 200-225 lbs.. $4.60; 225-250 lbs.. $4.45; 250lbs.. $3.95: 160-200 lbs.. $4.50: 150-160 lbs., $4.05: 140-150 lbs., $3.85; 130-140 lb?.. $3.55; 100-130 lbs., $2.75413; roughs. $3: stags. $2. Calves—soc up at SB, lambs; $7. LAFAYETTE. Ind.. Sept. 13.—Hog market, steady to Sc higher. 200-250 lbs.. $4,304; 4.35; 250-270 lbs.. Si. 10;; 4 20: 270290 lbs.. $3,904; 4: 290-32.5 lbs.. $3 704/3.80; 150-200 lbs.. $3,304! 4.20: 130-150 lbs.. 53.25 4J3.50; 100-130 lbs.. $2,504(3: roughs. $3 down. Top calves—s 7. Tod lambs—s 6 KANSAS CITY*. Sep:. 13.—Hogs - Receipts 22.000 including 160 directs; 18.000 government pigs, failly active, strong to mostly 5c higher than Tuesday's average; top, $4.15 on 180-230 ibs light lights • 1 40160 lbs.. $3.25 ; 4.05; light weights. 160-200 lbs., $3,854; 4 15: medium weights, 20Q-.50 lbs. 53.95 i; 4.15; heavy weights. 250-350 lbs $3,354; 4; packing sows, $2,154/3.10. Cattle—Receipts. 5.000. Calves—Boo: fed steers and yearlings strong to 25c higher; other killing classes steady to 15c higher: stockers and feeders steady; steers, good and choice. 550-1.500 lb. 54 754; 6.25; steers, common and medium. $2.504;4.75 heifers, good and choice. 550-900 Ibs.. $4 65 416. cows. $2,154(3.25 vealers. $34; 6; stockers and feeders. $3.754; 5.35. Sheep—■ Receipts. 3.000 slow, nothing sold earlv; opening bids on slaughter lambs around 2oc lower: best westerns held abov *7 50. Jti/ Time* .9 per in I LOUISVILLE. Sept. 13.—Cattle —Receipts. 200: market, slow, around steady on most classes; bulk, common to medium grass steers and heifer's, $34(4: thin fleshed kinds down to around $2.50: well finished fed offerings, ooirable. $4 75 3 <5.50: bulk beef cows and bulls. $2 50 down; most common to medium native stockers and feeders. 52.504i3.75. Calves—Receipts. 300; active and mostly 50c higher: better sira.de? $547 7: bulk. 56.50: medium and lower grades. $5 down. Hoes—Receipts. 1.900. including around 900 nigs on government order: steady. 180-235 lbs *4 55; 240-275 lbs., 54 10, 280 lbs. up. $3 85: 140175 lbs.. $3 70: 80-135 lbs.. $2 sows, $2.75: stags $165. Sheep—Receipts. 600: mostly steadv: bulk medium to good lambs. $6 4! 6 50: choice eligible to $7 bucks mostly $5(5.50: throwouts. $3 504( 4: fat ewes. sl4; 2. better stock ewes, mostly 564; 7. per head: choice Idaho earlrrgs eligible to $7 50. Receipts, Tuesday, cattle. 206; caltes 294: nogs. 1.603: sheep, 953. Shipments. Tuesday, calves. 162; hogs. 152; sheep. 510. Receipts. Tuesday of hogs include 812 pigs on government order.

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.

Q—ls the hotels of a town obtain th* blue eagle lw, agreeing to a forty-hour week then allow their employes to work two weeks at that scale, can one hotel go back to working the help fifty-two hours a week? It is paring the minimum hour rate for fifty-two hours. R R B A—No. Until such time as the permanent code for hotel industry making othe*- provisions than the above is approved by the President, or a temporary modification of the PRA for hotels is approved by the NRA. hotels displaying the blue eagle must observe the provisions of the PRA. Under the PRA, the maximum permissible working week is forty hours. 000 *

Q —l am working in a doctor's office as his assistant, and am working only thirty hours a week, a.s I have one afternoon off each week He can afford to pay me only a small salary, which isn t enough for me to meet expenses. Would there be any law forbidding me to continue working for him, then work in n restaurant as a waitress through the dinner hour for an evening? Do doctors come under the NRA? P. O D A—Doctors are under no compulsion to sign the PRA. according to a letter by Donald Richberg, general counsel for the NRA. If they wish, they voluntarily may comply with the terms of the agreement to be a part of the general program of re-employment and higher wages. There is nothing in the NRA program to prevent you from holding two part-time jobs. 000 Q —What are the maximum hours a week for a truck driver employed by an employer working under the NRA substitute construction industry cade? M. K. A—The temporary modification of the PRA for the construction industry provides as follows: ‘‘Employers in the construction industry shall pay wages not less than the minimum rate of wages for unskilled labor hereby estblished. which shall be not less than 40 cents an hour unless the hourly rate for the same class of york on July 15. 1929. was less than 40 cents an hour in which case the hourly rate shall be not less than that of July 15, 1929, and in no event less than 30 cents per hour... Employers in the construction industry shall not employ any employee in excess of the maximum average of thirty-five hours a week during a six-month calendar period, or forty-eight hours in any week in such period, or eight hours in any one day.’’ These rates apply to the least skilled labor in the industry. Rates for skilled labor should be adjusted above this figure to maintain already existing differentials in rates paid skilled and unskilled labor. 000 Q—l am employed by a wholesale cigar company. We are members of the National Association of Tobacco Dealers. We have submitted a code which allows a 48hour week. Our code has nor been, accepted by the NRA. Should we observe the blanket code of 40 hours until our code has been approved?—A. L. K. A-f-You should observe the provisions of the PRA until such time as NRA approves a temporary modification of the PRA for your industry, or until such time as the permanent code for your industry is approved by the President. 0 0 0 Q-—What is the code for furniture workers? Also, are they allowed to pay boys from 16 to 19 years old less than the code? I have a small repair shop which brings in from one to five dollars a week, which I work at after work hours. Wili I have to give that up? I do the work at home. Is a man and his w’ife allowed to have a job at the same time? Is a man working in the postoffice allowed to do other work after his ffice hours?—F. W. A —Temporary modification of the PRA for furniture manufacturers provides for a maximum working week of forty hours at a minimum wage rate of not less than 34 cents an hour for factory workers. Certain of the approved codes carry a provision preventing employes from evading the maximum hour provisions of the codes by working part time for other employers, but if you own and operate this shop in your home, it probably would be ruled that you were not working for another employer and so could continue the practice. There is nothing in the NRA program prohibiting both man and wife from working. Government employes are not subject to the provisions of the codes; however, the civil service commission recently issued a statement saying that the practice of government employes holding outside jobs in addition to their federal employment would be looked upon with disfavor.

In the Cotton Markets

—Sept. 12— CHICAGO High. Low. Close. January 9 36 9 24 9.24 March . 9.56 9.40 9.40 May 9.72 9.56 9.60 ! October 9.06 8 92 8.98 December 9.30 9.10 9.13 New York January 9.31 9.15 9.18 March 9 48 9.30 9 37 May 9,64 9 50 9 54 July 9.80 9,64 9.70 October 8 91 December 9 13 9.05 9.11. NEW ORLEANS January 9.22 9.12 9 18 ' March 9 41 9.26 9 30! May 9 61 9.47 9 47 : July 9 72 9 62 9.62 i October 8 97 8 80 8 90! December 9 18 9.00 9 05

Retail Coal Prices

The following prices represent j quotations from leading Indianapo- i lis coal dealers. A cash discount of 25 cents per ton is allowed. No. 4 and No. 6. fifth rein lumo. $5.20. ezz. *5: mine run *4 75 5 Indiana No. s—Lump S5: ezz $4 75 I West Virzinia— Lump. *6.50: ezz *6 25mine run. *6. Eastern Kentucky—Lumn. *6.50: ezz $6.25: mine run. $6. Pocahontas—Shoveled lumn. *7.75: ezz I $8: mine run. $6,75. New River Smokeless—Shoveled lumn I $7.70: ezz, SB. S-'mi-Smokeless—Ezz or lumn $7 25. C'oke—Ezg or nut. $8.50. pea sizes. $6.75. Births Girls Michael and Marzet Murphy. 286 N Tre- I mont. Car! and Lenoa Lauden, 1545 E. Bay- | mond. Clarence and Therese Riiev. st Vincent's hospital. Archie and Velma Blaisdeil. Coleman hospital. Bovs James and Luella Bovd. Coleman hos- I pital. Ernest and Lina McAfee. Coleman hos- i pital. Harold and Lena Wilston. Coleman hos- ' pital. Thomas and Gladys Norman. 2348 S • Meridian. Morris and Lena Telman. 930 Maple ' Ferdinand and Josephine Montani s> I Vincent's hospital. Edward ana Edna Madden. St. Vincent s hospital. Twins William and Mary Blackford. Coleman i hospital. Kiri and boy. Deaths James Hixson. 82. 31 N Colorado chronic myocarditis. Charles Livingston. 81. st. Vincent's hospital. embolism in lungs. Rachael Anna Shelbv. 78. 1222 N. LaSalle. cancer John S Hawke 68. 1223 Blaine pul- > monarv edema Ida B Evans, 71. 2033 N. Alabama, cerebral hemorrhage Annie Laurie Pearson. 70. 5410 N Pennsylvania, coronary thrombosis Electa Preston 69. city hosiptal. carcinoma Millard Midda h. 77. city hospital, accidental. Mabel McNamaia, 45. city hosiptal. carcinoma. Clara Edith Alexander. 31. Christian hospital, streptoccoci meningitis. Wanda Lee Carroll. 1. 664 Birch, acute latersusseptioo. j .

Bright Spots

By United Press General Motors Corporation reports its August overseas sales totaled 11.292 units, 91 per cent ahead of August last year and 36 per cent above the August. 1931, total. Hardware Age reports August hardware sales were “substantially" ahead of the corresponding 1932 month. Best & Cos. resumes dividends with payment of 25 cents a share on common stock. Western Union Telegraph Company reports July net income of $714,540, against deficit of $810,396 in July last year.

Produce Markets

Delivered in Indianapolis prices Hens, heavy breeds over 4% lbs , 10c: Leghorns, 7c. Broilers Colored springers, 1% lbs. up. 10c: springers (Leghorny 1% lbs. up 7c. barebacks. 7c. cocks and slags. 6c. Leghorn cocks and Leghorn stags. sc. Ducks, large white, full feathered and fat. over 4 ibs., 4c; small and colored. 3c. Geese, full feathered and fat 3c. Young guineas, 20c; old guineas. 15c Eggs—No. 1 iresh country run > ggs. 16c. 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;; No. 2. 22®23c. Butterfat—l7c. Quoted by the Wadley Company. BY UNITED PRESS CHICAGO. Sept. 13.—Eggs—Market firm, receipts. 4.295 cases; extra firsts. 17 3 *c; firsts, 15%c; current receipts. 13%®15c; dirties. 13 Lc Butter —Market steady,unchanged; receipts. 12.446, specials. 22%® 23c: extras 22‘.,c: extra firsts 20 1 2 ® 21' 2 c; firsts, 17)2@18'*c; seconds. 16%®17c; standards, 2ic. Poultry- Market steady; receipts, 30 trucks: fowls. 10®ll'2c; Leghorn broilers. 9%c: Leghorns, Bc. ducks, 8c; geese, 8c: turkeys. 8® 9c; roosters. 6ti 7%c. Cheese -Twins. 11%® 12c; Lo nghorns. llbCifi'.-c. Potatoes-Arrivals. 8(); on track. 216. shipments, 480. supply liberal; demand in trading moderate, market steadv. Wisconsin round whites, sl.7s'i/ 1.90; few $1.95® 2; unclassified $1.50® 1.65; Minnesota round whites. $1.65® 1.85; Minnesota. North Dakota and Early Ohios, partly graded, $1.40® 1.60; unclassified and ungraded. $1®1.35; Red River Ohios $1,65 @1.75: Idaho russets, $2.1502.25: V. S. No. 2. $1.90: Washington russets s2®2 10; Colorado triumphs $2.20® 2.30; Montana triumphs. $2.10® 2.15. CLEVELAND. 0., Sept. 13. Butter—Market steady; extras. 26%c per pound, in tubs; standards. 25c per pound, in tubs.. Eggs—Market firm; extras. 23c; extra firsts. 16'2C; current receipts. 16c Poultry—Market firm; hennery colored fowls, 4% lbs., and up. 14c; medium colored fowls. 13c; leghorn fowls. 3% lbs., and up. 11c; leghorn fowl, light. 10c; leghorn broilers. 12c; heavy colored broilers. 14c; medium colored broilers. 13c; rock broilers, heavy. 15c; ducks. 5 lbs., and up. Uc; ducks, colored end light. 8c: roosters. 9c; turkeys, 13. Potatoes—New jersey cobblers. $2.50 per 100 lb sack; Long Island, $2.60 per 100 lb. sack; Maine. $2 40 per 100 lb. sack: Idaho Russet Burbanks. 52.50® 260 per 100 lb sack; Ohio round whites. $2.50 per 100 lb. sack.

NEW YORK. Sept. 13 Potatoes Dull Long Island. 50c4/$3.80 barrel; Maine. $3.65 ci 3.80 barrel, Idaho. $2,504/6 sack Swept potatoes—Quiet; spring patents. $6,304/ 6.45 sack. . Pork—Quiet, mess. $lB 75 barrel. Lard—Dull; middle west spot. $5.75 r n 5.85 100 lbs. Dressed poultry—Steadv. turkeys. 124/ 28c; chickens. 84/26c; broilers. ll'S2oc: fowls. 104/17c: ducks. 110712 * 2 c: Lone Island ducks. 1447 15c. Live poultry —Steady; geese 64/80. t.urkevs. 104/16c: roosters. 10c; ducks. 747 17c: fowls. 94/16c. broilers. 84718 c. Cheese—Quiet state whole milk fancy to specials. 2047 21' 2 c; young America. 13',(S18'2C. Butter-Re-ceipts. 15.650 packages; market. firm; creamery, higher than extras. 23*,@24 l 2 c; extra. 92 score, 23’ 2 r: firsts. 90 to 91 score. 214722',c: firsts. 88 to 89 score 18';4/20r; second. 17' 2 47 18c. Eggs—Receipts. 27.561 cases; market, steady; special packs, including unusual hennery selections. 204/ 25c; standards. 18'24fl8* 2 c: firsts 17c; seconds. 15 47 1 6c: mediums. 144/15c; dirties. 144/14' 2 c: checks. 12' 2 47 13c. White eggs Pacific Coast, fresh, shell treated fancy. 3347 34c: Pacific coast standards. 26' 2 4z 32'?0; Pacific Coast, shell treated, mediums. 2447 26c Other Livestock BY UNITED PRESS EAST BUFFALO. N Y . Sept 14.—Hogs —On sale, 4.900. including 3.90 on government orders: market active, generally 10c over Tuesday's average; some medium weight butchers up more; bulk desirable 170 to 24 lbs.. $: mixed and plainer kinds. $4,754/4.90: 110 to 150 lbs.. $3.6447 4.60 Cattle—Receipts, 75: market firm: common grass steers $4.50; cutter cows. $1,654/ 2.40. Calves—Receipts, 150: vealers strong to 50 cents higher, good to choice, SB4/ 8.50; sparingly. $9; common and medium. $6.50477.50. Sheep—Receipts. 500, lambs, active fully 25 cents higher; good to choice ewes and wether lambs, $8; medium kinds and fat bucks. $6,754) 7; throwouts $5.25 <6 5.75.

CINCINNATI. Sept. 13.—Hogs Receipts. 4,500 head: 212 head direct and through; held over. 425 head government pigs Tuesday 1.674 head, sows. 50 head; generally 10c lower; packing sows steady: top and bulk 180-240 lbs., $4.65; 240-260 lbs . $4 40 47 4.60: 260-280 lbs., $4 1547 4 40; 280-300 lbs.. $3,904/ 4.15- 150-180 lbs. $3,904/ 4,40; 130-150 lbs. $3.15473.80'b good sows, $2.50 4/2.75. Cattle—Receipts. 850 head Calves —350 head; most classes steady; all cows and meager supply of attractive hsndy weight butcher cattle fairly active, plainer steers and heifers slow; a few good yearlings $5.7547 6; medium steers and heifers, 544/5: common kinds, $34/4: most beef cows. $2,254/3; a few $3.25. low cutters and cutters, $1.25472.25 bulls strong at 52.254/ 3.50. calves active, .fully steady; good to choice vealers, $6,504/7.50, most olainer kinds from $6 down Sheep Receipts. 1,500 head; fat lambs steady to strong; early sales better kind. $7 254/ 7 85; some held at $8: medium, $64/7: common. $447 6; culls and skips. $347.4: aged fat ewes. $147 2. steady. PITTSBURGH Sept 13 —Cattle Receipts. 20: market steadv Hogs Receipts 1.000: market higher; primp heavies. 240300 lbs.. $45 4 50; heavy mixed. 210-240 lbs.. $4.6547 4.80: mediums, 180-210 lb?. $54/, 5.10: heavy Yorker? $54/5.10; light Yorker.?. 120-145 lbs. $44/ 4 25; pigs. 90-115 lb? $3 5 3.25: roughs $34/3.25. Sheep and lambs—Receipts, 1.500; market steady; lambs good to choice. 90 lbs. down. $7,255 7.50: medium, 90 lbs. down, $3,504/5.50: medium. 91 lbs. up. $5,504/6.50; sheep wethers prime, $2 754/3; fair to good. $1 75 5 2.25; ewes, medium to choice sls 2.50 Calves—Receipts. 100, market steady; vealers. good. $7,504/8: medium. $4.5056; heavy and thin. $2,504/5 50

Daily Price Index

By l nited Pri * NEW YORK. Sept 13 -Dun * Bradstreet's dally weighted price index of thirty basic commodities, compiled for the United Press . '1930-1932 average. lOOi Today 10105 Tuesday 100 86 Week Ago 100.38 Month Ago 100 30 Year Ago 80.79 1933 High 'July 181 113 52 1933 Low (Jan. 201 . 67.86 'Copyright. 1933. by Dun <fc Bradstreet, Inc i NEW YORK COFFEE FUTURES —Sent. 13—• SANTOS High. Low Close. January 8 52 March 8 54 8 50 8 54 Mav 9 60 Julv 8 65 September 8.30 8 25 8.30 December ... 8 50 RIO January 5.98 March 6.08 6 07 6.07 Mav 6.18 6.12 6.16 Julv 6 22 September ... 5 73 December 5.97

ZAISER & ZAISER Inc. 129 K. Market M., Inrlianapolii BROKERS STOC KS AND BONDS * Announce the opening of a CHICAGO OFFICE BOARD OF TRADE BUILDING for the transaction of a general Investment and brokerage business under the direction of LE NOIR E. ZAISER September 13. 1933.

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FUTURES SHUW FRACTIUN GAINS IN SLOW TRADE Shifting of Inflation Talk Aids Grains in Early Advance. BY HARMAN \V. NICHOLS I nited Pre** Staff Correnond<nt CHICAGO. Sept 13—Grains on the Board of Trade slid up fractionally today, wheat being up % to cent. Although talk of inflation had quieted somewhat, the talk shifted from the market circles at Washington and this was said by operators to have had some stimulating effect on the trend of the market. Corn and oats followed wheat's upward course, being up ' 2 cent and oats s to > 2 cent. Inflation talk, which has been both a burr and a prod in the side of the wheat market recently, was subsiding to some degree today. Operators, it appeared, were forgetting the talk of inflation and turned to the recovery plan to await developments. Observers looked on the large flour sales of Tuesday as an indication that the United States was leaning toward a domestic basis as far as wheat is concerned Liverpool was slightly stronger. The cash demand for wheat in the United States is still going strong and other markets are inclined to take their cue from this grain. Heavy rains in lowa, Kansas and Nebraska last night held the corn crop to some extent. Oats remained steady and in a bullish condition. Chicago Futures Range —Sept 13WHEAT— p r ev. „ High Low 10:30 close. December ... 88% 88% 88% 87% May ... .93 .92** 92% .91% CORN— December ... .51% 50% .51% 50% May 57% 56% .57% 56% OATS— December ... 40% 39% 40% 39% May 43% 43% 43% .42% RYE— December ... 74% 73% 73% 73% May 80% 79% 80 78% BARLEY December ... .55% .55 55% .54% CHICAGO CASH GRAIN Bit Cnitnl Prezx CHICAGO. Sept 12. Wheat No 2 red, 85%c. No. 1 hard weevily, 85c; No. 4 hard, 86c No 3 hard weevily, 84%r Cora -No. 2 mixed 48c: No 4 mixed. 46%c; No. 1 yellow, 48c. No 2 yellow, 47%®48%c; No. 3 yellow, 47%c. No. 4 yellow. 47c; Mo. 5 yellow. 46%c: No 6 yellow, 45c: No. 2 white. 49%®49%c: sample grade, 33c. Oats No. 2 white. 36@36%c. Rye—No sales. Timothy $4 75® 5 Barley—4so 74c Clover *B® 10.50. Cash provisions—Lard. $5.52; loose, $4 85; D S. Bellies, $5.50. TOLEDO CASH GRAIN Bit C ii ih it Press TOLEDO. Sept 12.—(Grain in elevators, transit billing: W'heat—No. 2 red, 87%jj> 88%c: No. 1 red. 1® 1 %c. premium. Corn— No. 2 yellow, 51%® 52%c. Oats—No. 2 white. 39@40c. Rye No 2. 76% ®77%c. (Track prices. 28%c rate). Wheat—No. 1, red 83%@84%c: No 2 red. 82%®83%c. Corn No. 2 yellow, 47® 48c No 3 yellow, 46® 47c Oats—No 2 white. 36®37c; No. 3 white 33%®36c iToledo seed close). Clover—Cash, $6,10; October. $6.30A; December. $6 50A Alsike—Cash. $8 15; December. $8.40A NEW YORK CASH GRAIN Bit T'liitnl Tress NEW' YORK Sept 12.—Wheat—No. 2 red, 99%c. No. 2 hard winter. $1.01%; nominal. Corn—No 2 mixed, 52%c Oats —No. 3 white. 38%e. All quotes C. I. F. New York. ST. LOUIS CASH GRAIN Bit f ii itnl Press ST. LOUIS. Sept. 12—Wheat—In fair demand, I®l%c higher on red and steady to %c lower on hard, No. 2 red. 87®87%c: sample red garlicky. 80c Corn—ln good demand, unchanged to %c lower; No. 1 mixed. 48%; No 2 mixed. 47%c; No. 1 yellow. 48r No 2 yellow, 47%c®48r No. 3 yellow. 47c; No. 4 vellow. 46%c; No. 6 yellow'. 45%c; No 2 white. 50%c. Oats—■ In good demand, unchanged; No. 2 white, 36%c: No, 3 white. 35%® 36c; No. 2 mixed, 36c; No 2 burt, 36%c.

Indianapolis Cash Grain

-Sept. 12— The bids for car lots of grain at. the call of the Indianapolis Board of Trade, f. o b., shipping point, basis 41 '/ 2 New York rate, were Wheat—Firm: No. 1 red. 28 5 29c. No. 2 red, 275 28c; No 2 hard 274728 c. Com—Steady: No. 2 white. 43 , i<845 , /ic: No 3 white, 42' 2 ®43' 2 c; No. 2 yellow. 40Vi 47.41'ac: No,. 3 yellow, 39' 2 5 40Vic: No. 2 mixed, 39540 c; No. 3 mixed, 38539 c Oats- Steady; No 2 white. 31 Vi4/32'.ie; No. 3 white. 30' 2 5 31', 2 c. Hay Steady. iF. n. b country points 'aking 23' 2 c or less rates to Cincinnati or Louisville/. Timothy No. 1, $647 6.50; No. 2 timothy, $5,504/ 6. —lnspections Wheat No 1 red. 2 cars; No. 2 red, 4 cars; No 1 hard. 1 car. Total, 7 cars. Corn- No. 2 white, 10 cars; No. 3 white, 4 cars; No 4 white. 1 car; No. 2 yellow 15 cars; No. 3 yellow, 18 cars; No. 4 yellow, 6 cars; No. 5 yellow, 5 cars. No. 6 yellow. 1 car Total. 60 cars. Oats—No. 2 white, 1 car; No. 3 white, 4 cars. Total, 5 cars. INDIANAPOLIS WAGON WHEAT City grain elevators are paving 75 cents for No. 2 soft red wheat. Other grades on their merits. CHICAGO FRUIT MARKET By L nUed J’resn CHICAGO. Sept 13—Apples Michigan wealthies. $ 855 1 Pears Michigan, bushel. $1 755:2 Canteloup. Michigan, $ ,50<& 1.25. Carrot? Ohio. 3c. Eggplant Illinois, 354/ 50c. Sp:nach Michigan, $ 754/ 1 Cucumbers: Michigan. $ ,7551. Beans: Illinois. S .754/ 1. Beets: Illinois, Isl'/ 2 c. Cabbage, Wisconsin. sl4/135. Peppers: llliois, 405 70c Celery: Michigan, 25'" 50c. Corn. Wisconsin. $ .854/ 1. Peaches: New York, bushel, $ ,855 1. Tomatoes: Michigan. 255 40c Onion Market—California: Yellows, bushel, 804/Rsc Wisconsin: Yellows. bushel. 654/70r California: Whites, $ 905 1

One of tiif larg' st financial institution? in the country, represented in Indianapolis for over 25 years, desires the services of a man who ha? hnd experience in selling or in commercial work which has brought him in contact with the public. Applicants between the ages of 25 and 40 Bill be considered. In replying, state age. educa tinn. actual experience, financial condition and other information which would indicate your /|iialifirations. All replies will lie held in the strictest confidence. Present organization knows this opportunity is being offered. Box K 230. Times.

BUY YOUR SERVICE 30TH & CENTR \L SALES TA. 5550