Indianapolis Times, Volume 46, Number 81, Indianapolis, Marion County, 14 August 1934 — Page 8

PAGE 8

STOCKS DISPLAY FIRM TONE AS TRADE LIGHTENS Treasury to Issue Currency Against Silver on Basis of Cost Price. BY F.I.MER C. WAL7.HR I Ffr Flntatitl Fdit*r NEW YORK. Aug. 14—Stocks were steady to Arm on the New York Stryk Exchange today. Dealings lightened after a spurt at the outset. Cotton futures receded; wheat rose at Liverpool, bonds were firmer and so was the dollar. Silver mining issues eased slightly but quickly regained their poise. Inflation-minded traders revised their ideas on the silver nationalization plan when the treasurv announced late yesterday it would issue currency against the silver on the basis of the cost price and not the so-called legal price of SI 29 an ounce. However, there was still talk of dollar devaluation and other forms of inflation. Traders were pleased with the rules sef for*h bv the .securities and exchange commission on registration of securities and of exchanges. The rules released thus far were considered fair and not of the kind to thro’tie the market. Nevertheless, there was no rush to buy and speculators continued on the side Adverse steel news failed to affect the steel issues. United States Steel was unchanged at 34'.. while Bethlehem was up \ at 28 . Oils made mall gains. Rails were about steady, as were motors. Utilities firmed, notably the local tractions. Interboroeh Rapid Transit in the latter group rose a full point to 10,. American Telephone dipped point to Ill's. Money and Exchange iNniasaroii bank clearings —Aug. 13— Ct*r:ni $? 3SI MWt <Vt Debit* 5 103.600.00 roarir.N exchange (Bv Abbott. Hoppin A- Cos ) Auk 13— Close. Pterlinjr Enr.and $5 >o'* Franc. France 0669 Lira It*iv o*l2 RelKias Belgium 2885 Mark Germanv >960 Guilder. Holland -- 1.6 r'et*. Spain 1388 Krone. Nnr*av Krone. Denmark 2282 Yen. Japan Treasury Statement • Bv United Presst WASHINGTON At:* M Government expenses and reremts of the current fiscal year to Auk 11 compared with the corre.pondln* period of the previous fiscal year. _ .... This year Las! Year. Exper -v SVS 747 30* 44 K4J4.135.5t1.25' Herr Ota 3.SR 84? 200 05 251 569.54*.*4 Deficit 296 90S !08 33 173.t55.96S 41 C*'h bal. 3 343 704 3*( 41 Investment Trust Shares .Bv Abbott Hoppin A Col —Auk. 13— Bid AM Is Am Bank Stocka Corp 101 105 Am to Gen Sr, A 3 2? 4 Am to Inv Tr Sh I <5 • Basic Ind Shades ..2 9. 3 02 British Tspe Inv Tr Sh .. 30 3* Collateral Trust** Shs A 4 12 43. Corporate Trust Sr* -oldt 209 213 Corporate Trust Shs >newrl. 203 .or Cumulative Trust She —3 0* 3 62 Dnersifted Trual Shs A ... 625 Diversified Trust Sh B s*l ,__ Diversified Trust Shs C ■- .3 *.. Diversified Trust Shs D 425 43. First Insurance Stock Corp 50 100 First Common Stock Corp • ’2 •>< Fixed Trust Oil Shares A .25 Fixed Trust Oil Shares B 625 Fundamental Inv Jnc. ,171 ,1 25 - Land Bank Bond Shares 114 1 Low Priced Trust Shares . 5.20 5.3a Mass Inv Trust Shares ... lj ej I*l- - Wide Securities 2 94 299 North A Trust Shares -53i 1.4 . North A Trust Shs tas-a6> 209 213 North Am Trust Shares n>B) .1 a H Selected Am Shades 193 1 13 Selected Am Shares Inc 227 Selected Cumulative Shades *9O Selected Income Shares . 3.11 .3 6. Std Am Trust Shares A . 25? 2 .3 Trust Shares of America ... -5. 263 Trus ec Std Oil A 5.5 53. Trustee Std Oil B 4 ® 4 4 T2 V S Electric Lt to Pwr A.. 13 1150 Universal Trust Shares 2 .0 2 75 Daily Price Index ißv United Press i NEW YORK Auk 13 —Dun to Bradatree' a dailv weichted pure index of tnirtv basic commodities compiled lor the United Press (1930-1932 Averare IOOi Todar H* 1. R-Vt }?? Hnn'h*Kl 113*4 MYintn Cm ■ * a (VO ao Year aco < Rue 14* }**) 1934 Hieh -Auk 10' in? ns 1934 I/var (Jan 3i 101 n,v CopvrlK.vf- 1934. bv Dun A Bradstreet. Inc. Retail Coal Prices Th* following prices represent quotations f:or’ leadln* Indianapolis coal dealer* A 25-rent carrying charge per ton will be added. DOMESTIC RETAIL PRICES Anthracite Brazil Lump ? Brazil Fee Brasil Mine Run 2 *2 Coke. Nut Sise ■ ® Coke rec Sire •gg Indiana Forked Lump No. 4 and 6 Indiana Fas . .. 2 ,‘L Kntuckv Lump. Group B II? Pocahontas Lump ® *. Porahonraa Keg “ - Pocahontas Mine Run . ' ” New River Smokies* a- - ASSOCIATES EARNINGS RISE SHARPLY Bu, System Nets M. 724.060 Ourinß First Six Months of Year. B'l Un-tfi f tr- ** CHICAGO. Aug. 14— Combined net earnings of the associated bus companies of the nation-wide Greyhound lines for the six months ended June 30. totaled *1.724.060. after all charges, as compared with *514 - 303 for t!re same period of 1933. a gam of $1,209,757. according to G. W. Tracr Jr., chairman of the executive committee of the Greyhound Corporation The earnings include no revenue from the world's fair Greyhound lines, which Ls nonrecurring income. Total operating revenue amounted to *14,076,702. as compared with *11.276.592. a gain of *2.800 110. or 25 per cent. Operating expenses rose from *8.778 200 to *10.712.501. a gam of $1,934,310, largely represenyi\g increased pay rolls. The equity of the Greyhound Corporation m the net earnings of its associated bus companies for ’he six months' period was *807.519. of which *3BO 137 was received in dividends The net realized prof it. of the Greyhound Corporation, after deducting its expenses, for the firet half of 1934 was *274.244 Report Sales Increase * Time. Spr rtat CHICAGO. Aug 14—First National Stores Company reports sale? in the four weeks ended July 28 am mm ted to *8 611632 as compared With 88 474 861 m the corresponding period last year.

—New York Stocks —

— . Bv Abbott. Hoppin A Cos t AVERAGE STOC K PRICES FOR MONDAY Net Hich. Low. Clore. chance. Thirty indu*triaN 92.56 91. 8D -2.01 Twenty riih ’4.90 53. “7 34.66 - 1.06 Twenty Btilitiex 20.74 20.14 20.58 - .37 Forty bondw .... 91.67 .16 Ten first rails •••• 98.80 —.35 Ten second rails .... 73.56 -r.ll Ten utilitieq .... 97.77 —.23 Ten industrials .... 96.57 —.17

4I p. -Oft. —Auk 14— Prev Oil*— H:gh Low. 1C 30 c!o*e. Amerada . . 48 475. Ml rtfs 25' * JK 7 ' , Conaoi O ' 9,3 3 „ ', Con: of Dei . . ... 19', 19'* Houston ir.rwi ... 3’* 3', Houston • ol*l • .. .. .. 16’, Mid Cont Pet . 11’. Ohio Oil 10’* 10', 10’, tO’, Pe; Corp 10 Phillips Pet 17*. 17 *, 17*4 17’ .. P.unou'h Oil ... 9’ 9*4 Pure 0:1 B', Sbd Ot! 27’, 27's 27’, . She)! Un 7’ 3 7’., Soe Vac ... is 14’, 14 T . 14 . 8 O of Cal 25>4 35 35’* 15’. S O of N J 44’, 44 1 a 44’4 44’, Sin Oil 62 T*xas Corp 24’4 24 24 24 Tidewater A„n ... ... 10'a Un OH of Cai 16 Steel*— Atr Roll Mill! 17'. 17’. Be h Steel 28 ‘w 28 , 28', 28 1 Cruc Bteei 20’, Inland Steel ... ... ... 361 2 McKeesport Tin ... 89 Mid Steel .... ... 8 : a Natl Steel 39', 38 > O'i' Bte*i .... 4’2 Rp I to 3 14*/ 14 14 14 Rep lAS pfrl 42 41 U S Pipe A Fdv 19V. 19 1 U P See; 34*. 34'. 34'. 34', U S S’eei ptd . .. 80 Warren Bros .. .. fi’ Young,tn SAT 17'. 17', Motor.— Auburn 20' 2 Chrv. >r 32. 3? 32'. 32’, Gen Motors 30', 10’, 39 30’, Gen Motors pfd 101 Graham Mot 2 2’, Hudson 8 7’a I’* * Hupp 2' Mir, Truck 25', Na*h 14', Packard ... 3', 3', Reo ........ ... •. V 2 Ptudehaker 33 Yellow Truck .. 13'. IS 13 13 Motor Aece.*— Bendix ... 52‘j 52 Bohn Alum .... . 29’. Bore Warner ... 17', 17’, 17’2 17 1 a Rudd Wheel 2’, Eaton Mfg ... .. ... 14’, 14’, Elec Auto Lite. 17’, 17’* Houdallle A 4 4 Mullins Mfg pfd 23 Murray Boov s’, Stew Warner ..... ... 6’, Timken Roll 26 26 Timken Det Axel 6 Mining— Alaska Jun ... 21 29’, 21 2112 Am Metals ... . 20 Am Smelt 38’, 37' 2 37 , 39 Anaconda 13', 13 13 13', Cal A Hccla . 3 s , Cerro De Pasco 40’a 49'a 49' 2 41', Dome Mines ... 44’, 451, Granbv .. 8’ 2 Ot Nor Ore 10’, 10’, Homesteak Min ... .... 425 Howe Sound ... 53' 2 54', Ins Copper .... . . 3’, Int Nickel 26'a 26 26 26’, Int Stiver 26’, Is! Creek Coal 29 29 Kennecott Cop . .. ... 29', 20'2 Mclntyre Mine ... 49 49', Noranda Cop ... .. 45', Park U'ah 4', 4', Phelps Dodge 17‘, St Joe Lead 10' 2 U S Smelter, 138 , 136’, 137’, 139 Vanadium ... Amu,emen4s— Fox Tha 10', Loews Inc 29** Radio Corp s', s'a RKO 2 Warner Bros 4 4!, Tohaceos— Am Snuff 61 Am Sum Tob 17’, 17', Am Tob 181 ... . . . 75'2 Gen Clears 41'a 41 41 1 i Lirk A Mvera B ... ... 97', Lonllard 17', Reynolds Tob B 45 s , Rails— Atchison 48’2 4.5 Atl Coast Lines 27 B to O 16’, 16 Can Par 14‘* 14', Ch A Ohio 42 ', 42'2 Chi A Gt W 2 1 * CIII A Gi W pfd 4' 2 C M to St P 3'. 3 C M A St P pfd 4’a 4‘, C7n N W 6 Dela A Hud 40 Del Lac AW 16-Si 16', Erie . 13', Grt Northern pfd 14’, 14' a 14'j 14' a til Central 1 fi’ j K C Sou .... 8 lehifch Valley 11 > 2 lou A Nash 43', 43', 43', 43', M K to T .. s’, M K A T pfd 15’a .. Mo Par pfd ... 3’ N Y Cent 21’a 21 21', 21'. N Y Chi A St L 11‘, NY C A Si L pfd 20' 2 N Y New Haven .. . .. 10’, N Y Ont A West ss,5 s , s s , Nor Pac . 17 Penn R R .. .. 22-, 22’, 22’, 22’ 2 Sou Par 17 ’ a 16’, 17 17'a Sou R R ... ... 15 15 Sou R R pfd 18 Union Pac 98 Wabash . ... ... ... West Maryland. 9', Equipments— Allis Chalmers 13 13', Am Brake Shoe 23 Am Car A Fdy 16H Am Mach A Fdy *3’, Am Smelt Fdy - 15 Bald Loco B’a 8 a Bald Loco pfd 33 Burroughs ... 12 12 Case J I 40 41 " g Cater Tract 28 Deere to Cos ... ... 15 15 Elec Stor Bat 37 Foster Wheeler ... ... • - 11® Gen Am Tk Car 31 Gen Elec 18’, 18'2 18'2 19', Gen B R Sit 29', Int Bus Mach 134 Int Harvester .... ... Natl Cash Reg 14', 14’, Pullman Inc 40 2 Rem Rand - ... B’, a 2 Und Elliot J4’, West Air B I" Westtngh Elec ... ... 32 32 s , Worthington Pm .. ... 1“', Utilities— Am A- For Pwr 6', 6', 6' 6’, Am Power A Lit s', S', A T A T HI 1 1 112 Am Wat Wks 17 17 Col Gas A Elec . . 9', 9 Com A Sou ■ I s , l' 1 , Consol Ga 28’, 28 28 28 Elec Pwr A Lit 4 4', Int Hvdro Elec .. Int TAT 10 i’ Lou GAEA IJ’, North Amer 13 , 13 a Peoples Gas - 4 Fosta'. Tel pfd . . 15 Puh Serv N J .. 33', 32', So Cal Edison 13', 13'2 13', It S-d Gas ’* Stone A 54'ebster s * United Corp ■■ ■. 4', 4 Un Gas Imp 14’, IJ 1 Ut P A Lit \V 2’, Western Union 35’, 35 35', 34’, Rubber,— F restone ]f Goodrich H 19* 19. 19* Goodvesr ... 23’, 22’, 22’, 23 2 Krllv Spring • . . -. V S Rubber 16 , 1 , If, iJ-, U S Rubber pfd 38’, 38 38 38', Mi'cellaneon*— Am Can 97' 2 96 96' 2 97 Brklvn Man Tr 41’, tl , I Con*l Can 80’, 80)2 Curtis Pub I® 'a Cur*is Pub pfd ... Fastman Kodak 98 98’, Gillette It;* Gl'dden Inter Rapid Tr 10’, 9 ,

Bright Spots B* Abbott Hoootn to Lo •

Sp-ncer K/lloce Company ceclare; a diMdend of 40 cent* a share or. the common ,'fock Previously pavment of 30 cents a shar quarterly was made Allegheny Corporation in the quarter ended June 30 had a net loss of $246.rent ,ear the concern had a net income 710 in the first ix months of the curof $:.575. against a net loss of *1(3.249 fn the eorrespondint period las 4 year. Stocks of crude rubber in London on A c n iota ed 51.555 tons, an increase of 695 tons over the preceding wees. Beneficial Industrials Loan Corporation in 1933 earned *1 70 a share on the capital stock. NET INCOME INCREASES American Cyanamid Earns §1.066.146 in First Half of Year. 8- I tmri Special CHICAGO. Aug 14.—Net income of the American Cyanamid Company m the first half of the current year amounted to *1.006.146 against *523 267 in the first six months of 1933. according to the company's interim report. Common stock outstanding increased 50.250 shares over last year the report shows, 2 520.373 shares being listed on June 30 as compared with 2.470.123 shares on the corresponding day a year previous.

Food,— Armour . .... 6’, 6 6 S’, Beatrice Cream .. 14’, 14 Borden Prod 25’, 2>’, Ca! Packing 40’, 49 40 4fl' Canada D G Ale 18 1 , Corn Prod .. ... ... 58'2 Crrr. of Wheat . 32’, Cuban Am Sug 7", 7 . 7', Gen Foods 29’, 29’, 29’, 29'2 Gold Dust 17’* 18 G W Sugar ... 33’, 33’, 33’, 33’, Loose W:>s 29’2 Natl Biscuit . . 33’, 33', 33', 33’, Natl D Prod .. 17', 17 17 17 U Purity Bak . . - . •• • 11 Spencer Kellog _ -4 S’d Brands .... ... 19’, 1• ’ a Un Biscuit • • 24’. United Fruit 72 , Retail Store,— Also f)rv Goods 10’', 10 10 1 , 9', Best A Cos 32 S 32', First Natl Stores 66 Oimbel Bros ... 3', Gr Un Tea .. 5 Hahn Dept Sts ... Kresge S S 18 Kroger Groc ... 29', 28', Macv R H . 40’. 39’, 39’, 40', Marshall Fields . 10 1 a 10'-, 10’, 10 ■ Mav Dept St ... 36 Mont Ward 23’, 23 23', 23'2 Penny J C 57 Safewav St 47 s , Sears Poebuck . 35'2 35 35 35', Woolworth • • 50 49’, 49’, 50 Aviation Aviation Corp . .. ... .. 4’, Curtis, Wright 2’, 3 Curtiss Wn 'Ai B'2 Douglas Air . 19 18’, 18’1 19 Nor Am Av .... . 3’, 3, Speerv orp B', B', United Aircraft. 16', 16'i 16', 16 s , Wright Aero . . 46 46 s , hemieals— Air Reduction ... ... 99 1 1 Allied Chem 127'2 Am Com Alcohol .. 26 Col Carbon ... 67' 2 Com Solvents ... 19 18 s , 18', 19 Dupont ... 89'2 90', Freeport Tex .... ... 30 ■, Liquid Carb .. . .. ... .I’, Math Alkali 28 27’, Montosonta Ch .. 52 52 Natl Dis 1 new > 19', 18’, 19', 19 Schenlev Dis’ ... 20’, 20' 2 Tex Gulf Sulph 33 Union Carbide 41'2 4i", U S Indus Alco 38', 38 38', 37'. Virg Ch pfd .. ... ... 14’, Drugs— Coty Inc 4 s -, 4’, Lambert ... ... 24 Lehn A Fink 17 Un Drug 12', 12', Zonite Prod 3’

NEW EXCHANGE RULES ISSUED Speculation in Stock by Company Officials to Be Curbed. /•■/ f nitrd Prrxs WASHINGTON. Aug. 14.— I The federal securities and exchange commission issued its first regula- | tions yesterday, demanding detailed j information of Stock Exchange I practices, and moving to curb speculation in stock by officials of companies. Voluminous data as to membership rules and practices of stock exchanges will be required. The information must be filed with the commission by exchanges on or before Sept. 15. The commission also made public regulations under which corporations with stock listed on exchanges may register their securities temporarily until June 30. 1935. by application of the company to the exchange on which the security is listed. The permanent plan will be taken up shortly. The commission, seeking to curb speculation in company stocks by company officials, stipulated that directors and officials of companies whose stocks have been registered shall report holdings monthly beginning with November. Holders of 10 per cent or more of any registered stock, at that date, must also report any changes in their stock ownership. Present listed securities will be temporarily registered until a permanent plan can be worked out by the issuer of the stock filing an application with the exchange on which the security is listed, which in turn* will file application with the securities commission. Extensive data is to be required with respect to registration of stock exchanges under the administration's efforts to control speculation on security markets. Produce Markets Delivered in Indianapolis orices; Heavy hens. 10c Leghorn hens. 6c 1934 broilers 2 lbs. and o\er. 13c Leghorn broilers 1'; to 2 lbs. and over 11c bareback broilers 10c; old roosters. 4c; and geese. 3c; voting guineas. 20c; old guineas. 15c: No. 1 stricuv fresh country run eggs, loss off 13c Each full ease must weight 55 lbs gross; a deduction of 10 cents a nound :nr each pound under 55 lbs. will he made Butter—No 1. 29 a 30c. Butterfat. 21c Quoted bv Wadlev Company. ißv United Pressl CHICAGO Aug 14 Eggs—Steadv: receipts. 5.133 cases: extra firsts 20 c: f'esh graded firsts. 19-’-ic. currcn receipts. 16® 18c. dirties No 1 16c No, 2. 12c.: checks No 1. 16c. No. 2 12c. Butter Mvrkci firm recer ts. 14.439: extra firs'.' 90-91 score. 26c extras '92 score. 25' i •</ 25 s ,r; firs's 88-89'.- score. 23’ ••/ 24 I ,c. second' 'B6-87'; score. 22®22'3C: specials. 27’, /27’,c. Poultry—Market higher, reccin '. 33 trucks. 2 cars due; trvers. 15® l<c; broilers, 14'.-® 15c: horns. 14c: geese. 7® 8c turkeys. 14c; old roosters, B'-c; hens. 13® 15c; biack chicks. IP® 12c. barcbacks. 13c: cooks. Sc: Leghorn cocks. 9c; colored springs. 16c. White Rocks 17 /18'_c. Plymouth Rocks. 19c: duck'. 8 -9c: colored Plymouth Rocks. 16c: Lcchorns. lO’.c. Cheese—Twins. 13' 2 '® 14r Longhorns. 14'./ ,-c daisies. 14/ 14’rC Potatoes—Supply moderate demand slow, market dull: Idaho Russetts. <l6O 165 Idaho Triumphs. $1.60® 1.70: combiantion grade. $1.35. showing decav. $125 Pennsylvania cobblers. SI 30® 1.32 1 .-: New Jersey cobblers. $1.30 1.35 Wiscon<;n cobblers. SI 30; Wisconsin Triumphs. $1 65; combination grade 51.22I*. 1 *. Ar--1 r-.ra’.s 163 shipments. 275. CLEVELAND Aug. 14.—Butter—Market, firm: extras. 31c standards. 30'.-c. Eccs —Market, steadv: extra white. 22c: currer.' receipts. 16' ;C: ordinary firsts. 13c. Poultry —Market, steadv: colored fowl. lbs and over. 6c: oil roosters. 10c. ducks, white .5 lbs. and up. 13c. Potatoes—Long Island $1 50 per 100-lb. sack. NEW YORK. Aug 14 —Potatoes—Easy Long Islanc. 50c'->1.05 bag: New Jersey. 85c®*! bag. southern. 75'® 80c bag Sweet Potatoes —Quiet: Jersev, basket. $1.25® 2 30- southern barrel. *l2s'/ 5; southern, basket 50c® 2 Flour—Steady: springs: Patents $7 80 ® 8 barrel. Pork—Steadv; mess $19.75 barrel Lard—Firm: middle west spot $5 so® 590 per 100 lbs. Dressed Poultry—Firm; turkevs. 11 -32 c: chickens. 9:28c: broilers. 15 22c: capons. 20®35c; fowls. 9® 19c. ducks. 10'./13' 2 c: Long Island ducks. n’,'®isc. Live PoultryFirm geese. 6'/7c: turkevs. 10a 15c; roosters 10c ducks 8®; 14c: fowls 12® 17c: chickens. 15® 24c. broi.ers. 14 ® 22c. Geese —Firmer; state whole milk sane? to specials. 1819 c; Young America, lost? 15 s 2 c. FINANCING SHOWS DROP State. Municipal Loans in July Total 596.653.929. NEW YORK. Aug. 14.—State and municipal financing during July totaled $96.653.929 .'lncluding $6,190.000 of PWA loans as compared with 5185.852.134 during June (including S6O 882.124 PWA loans*, according to the Daily Bond Buyer of New York. The total for July, 1933. was $37,830,603. The total for the first seven months of this year is $801,913,847 as compared with *356,693.900 during the same period of 1933. These figures include all RFC and PWA loans.

THE INDIANAPOLIS TIKES

Financial— Adams Exp 7 ! a 7’j Allegheny Corp. 2 > Am Int Corp 8 2 Chesa Corn 36’, Lehman Corp ... 68'2 Transamerica Tr Conti Corp 4’, Building— Am Radiator ... 12’, 12', 12’, 13 Gen Asphalt 18;, Int Cement 22’, 22', Johns Manviile 43'* 43’, Libbv Owens Gls 28' 2 Otis Kiev 15 Household— Col Pal Peet 14 s , Congoieum 27', Kelvlnator 12'a 12 Mohawk Carpet 15’. Proc A Gamble 37 Simmons Bed ll' Textile,— Amer Woolen 9" 2 Belding Hem 12 Celanese Corp 21 1 a 22 Collins Aikman 12', 12'-, Gotham Hose ... 5' 2 Indus Ravon 2s Kavser Julius 14 ® Real Silk 7 New York Curb 'By Abbott. Hoppin A Cos.) —Aug. 13Close Close Allied Mills 7 Hiram Walker.. 24 5 Alum Cos of Am 54 Humble Oil ■ 43 A Cvamde iB- 18 Imperial iOl Ltd 15', Am aGs A Eim 22 1 , Hud Bay Min... 14’, Am Superpower 2 Int Petrol . 23', Atlas Corp 9', Lake Shore Min 56’, Can Indu Ale A B', Libby McN Libbv 7' 2 Can Marc .. 2 Lone Star Gas . s' Carrier Corp .. 9’® Mt Producers .. 4 s , Cities Serv . ITs Natl Bellas Hess 2 s , Con>ol Gos Bal 61 Newmont Min.. 48 Cord Corp . 3’’, Nia Hud Pwr .. 4 , Creole Petrol . 12 , Novadel Agene.. 20', Crown Ck Inti 6'; Park Davis .... 25 Deere A Cos . 15 Penn Road ■ 2 Distilllers Lim . 82 s * St Regis Paper 2’, Distillers Corp 13 Sal CrVc Prod 6 Dow Chem 74 Sherwin Wms .... 70 1 3 E! Bond A Sh 12 Std of Ind 26’, Fisk Rubber 9 Std of Ky ■ • 15 s ® Ford of Can A 20 s , Technicolor Ind 12', Gen Aviation 4’® Teck Hughes G.. 7 Glen Alden C . 29’, Un Gas 2 Gulf Oil of Pa 57 Wr Hargraves M 10'

Chicago Stocks ——— (B V Aohott Hoppin A Co.l —Aug. 14— High. Low. 11:30 Bendix Aviation 13 Borg-Warner ... ■ 20 Butler Bros 7’4 7’4 Cities Service I’® 11, I’, Cord Corp ... 3’, Crane Cos 7', Libby McNeil 714 7'/, 7', Lynch Corp 29 Noblitt Sparks Ind Inc 12’, 12'2 12’i Quaker Oats pfd 116 Swift A Cos 18’, 18’, 18'G Swift International .... 37’s 37'2 37’, Utility A Ind pfd 3 Walgreen Cos com • • 25

Bond Prices By Fenner & Beane

—Aug. 14— High. Low. 10:00. A T to T db 5s ’65 107 7 a Beth Steel 5s A ’36 .. ... 103 ChMStP&P adj 5s A 2000 8> 2 B’a B'i ChMStP&P rs 5s A '75 29', 29 29Vi Cons Gas NY 4>2S '57 103 Erie RR rs 5s 67 64 Goodyear 5s ’57 . 100’a lOO’i 100', Gt Nor 7s A '36 86's Interboro YT 5s '66 ... 73 72' 2 73 Int T to 1 db 5s '55... 57 56’, 57 Lorillard 7s 44 124 s , 124' 3 124' 2 Nal Dairy db s'iS 48 - 98 Pac Gas E El 5s A '42 . l<F’ , s Penn RR 4',s D 'Bl 94 93 ’, 94 Poland 7s '47 • 11° 4 Texas Corp 5s '44 .... 102 1 , 102'2 102 2 Ull Pac Ist 4s '47 l n s 2 US Rubber 5s 4 47 . 83'.2 83'.4 83 2 Yfistwn S&T 5s B '7O 84'2 U. S. GOVERNMENT BONDS (By United Pressl NEW YORK. Aug. 13. Closing liberties. 'Decimals represent thirty-seconds.) —Liberty—--3' s (32-47) 103.17 First (32-47) J 02.27 Fourth 4'4s (3?-38) 103.15 —Treasury—-4';s-3'is (45) !?3' 31 4'.s 147-521 nils’;, 143-471 102.30 3’,s (41-431 March 100 22 3’,s (40-43i June 103.2/ 3>,S M3' 103 28 3',S <46-49) 101 ' 3s (51-55) 100.6 FEDERAL FARM LOAN BONDS (By Blvth * Cos.. Inc.). —Aug. 13— Bid. Ask. 4s July 1. 1946-44. 98 99'2 4s Nov. 1. 1957-37 9Ti 98 2 4s Mav 1. 1958-38 97' 2 9Vn 4’is Julv J. 1956-36 98 99 4’is Jan. 1. 1957-37 98 99 4Us Mav 1. 1957-37 98 99 4',s Nov. 1. 1958-38 98 99 4' .s Mav 1. 1942-32 98 99 4'7s Jan. 1. 1943-33 98 99 4*as Jan. 1. 1953-33 98 99 4' 2 s July 1. 1953-33 .98 99 4>2S Jan. 1. 1955-35 98 99 4'-s Jan. 1. 1956-36 98 99 5s May X. 1941-31 100 100 ? 5s Nov. 1. 1941-31 100 100',s —Home Loan—--3s Mav 1. 1952-44 99'i 99'’, 4s July 1. 1951 99 > , 99 ti —Federal Farm Mortgage Corporation—3Us March 15. 1964-44 98'/i 100 New York Bank Stocks (Bv Abbott. Hoppin & Cos.). —Aug. 13— • Bid. Ask. Bankers 55'* 56 Brooklyn Trust 8a 87 Central Hanover I? 2 .. 123 Chase National 24?, 24 ' s Chemical 40 40’ a National City 22‘4 23‘a Corn Exchange 42 Continental 11 4 12', Empire 17 3 4 18', First National 1.495 i.510 Guaranty 3 .1?-. 3 ??- Irvintt ‘2 s * la’s Manhatten to Cos 2/’, 28 Manufacturers 19’e 19’,, New York Trust 96 97 Public 29 29% On Commission Row • —Aug. 14— Quotations below are average retail prices being offered to buyers by local commission house dealers. Apples—Fancy Delicious, $2 25: Transparents. $1.50® 1.75. Peaches —inidana. Elbertas, bushel. $2.25 ®2.50. Plums—ltalian '2 bushel. $1.50. Oranges —California Sunkist. $5.25; Valencies. $4.75. Lemons —Sunkist. $6 50® 6 75. Grapefruit—Florida seedless. $4 25®4.50. Cantaloupes—lndiana, bushel, 51.4j1.50, Pears—Cavavos. $2.50 a box. Watermelor.s —25® 50c. Bananas —Pound. 5c —Vegetables— Sweet Corn—Home grown, doz . 20c. Cabbage —Eastern. 2' 2 ®3c a pound. Celery—Michigan, boxes. $1.25; medium, doz , 45e. Onions—Washington vellow 50-Ib. bsc. SI 65; California whites. $2.25; homegrown. $1.25® 1.50 • Potatoes—Eastern Cobblers 100-lb. bag, $185: Kentucky Cobblers. $1.60: Idaho Russets, 100-lb. bag. $2. Sweet Potatoes —Tennessee Nancy Halls, $2 25; New Jersev. Alabama. $2.50. Beans—Round stnngless. bushel. $2.50; flat strincless. bushel. $2. Beets—New. 30c a dozen Carrots—Home-grown, bushel. $1.50; doz., 35e. Cauliflower—'Oc-lls. crate. *l.7ag2Lettuce—Outdoor. 15-lb. basket, 85c; head lettuce, crate. s4® 4.50. Peas —California, hamper. $2.70. Radishes—Ohio. doz. bunches, 50e. Spinach—Home-grown, bushel. 65c Tomatoes—Home-grown. 10-lb. baskets, 35c bushel. *1.50. CHICAGO FRUIT MARKET Bv United Press) CHICAGO. Aug. 14—Apples—Michigan Duchess, bushel. 80® 90c. Cucumbers— Illinois, bushel. 75c® $1 Tomatoes—lllinois, lugs 75c® *l. Sweet Potatoes—Tennessee, bush-1. $1.75® 1 80. Peaches Georgia, bushel, *1.50®2.50. Lettuce California, crates $3 350 Beans—Ulinois. green, bushel. *2® 2.25. Cabbage—Wisconsin, crates $1 40 1.50. Cherries —Michigan. 16 auarts. red sour $1.75 ® 2 Corn—lllinois, sacks. 4 dozen, vellow. 30'®'60c. Carrots— California crates. $2.50. Peppers—lllinois, bushel. *1 50 r 1.75. Eggplant bushel. Sl® 1.25. Pears—Michigan, bushei. sl® 1.50. Celerv—Michigan, crates. 60®'7oc. Western, crates. Cauliflower—Sl.2s® 150. Onion market /50-!b. sacks' California, vellow. *115: whites. *1.50(31.75; Washington Valencieas [email protected]: lowa yellows. 90c; Indiana whites. SI 50. REPORT SUGAR OUTPUT Cuba Froduces 2.245.412 Tons in First Seven Months. Bu 1 imr< Sprrin. NEW YORK. Aug. 14—Production of sugar in Cuba during the first seven months this year amounted to 2.245.412 tons according to the New York Coffee and Sugar Exchange. Exports during the period totaled 1.255.216 tons wh.le stock on hand on July 31 amounted to 2,006,515 tons against 2.381.078 tons on the corresponding day last year.

SWINE VALUES REACH $6 MARK AT STOCKYARDS Ail Classes Generally 15 Cents Higher; Veals Rise Sharply. Advancing 15 cents in early trading at the Union Stockyards this morning, porker prices reached the S6 mark, the highest level since September, 1931. Receipts showed a slight increase as compared with previous sessions, but demand continued strong. Today’s sharp increase was effective in practically all classes. Bulk of 160 to 200 pounds was selling at $5.55 to $5.75. Heaviest grades, weighing 200 to 300 pounds, sold at $5.80 to $5.90. Fe\v good and choice grades were reported selling at $5.95 to $6, anew high for three years. In the lightweight division. 130 to 160 pounders were salable at $4.50 to $5. while extremely small grades, scaling 100 to 130 pounds, brought $3.25 to $4.25. Packing sows cashed in at $4 to $5 Receipts numbered 5,000; holdovers, 148. Choice steers and best heifers in the cattle market remained mostly unchanged, while other classes were lending slightly lower. Bulk of steers was selling at $5.50 to $7.75, with few choice kinds salable from $8 to $8.75, Receipts were estimated at 2,700, including 900 government cattle. An advance of 50 cents featured initial trading in veals, with most grades selling at $6.50 down. Top held at $7. Receipts were 2.400, including 1,700 government calves. Weak undertone was displayed in the lamb market, with majority of classes around 25 cents lower than the previous close. Bulk of ewe and weather classes was salable at $7 to $7.25. Few small lots sold at $7.50. Bucks were discounted sl. while throwouts ranged from S4 to $6. Receipts were 2,000. Chicago hog prices also soared to new levels since September, 1931. with the market opening around 15 to 25 cents higher than yesterday. Top held at $5.80. Receipts were estimated at 15,000, including 5.000 direct and 1,000 holdovers. Cattle receipts were 11,000, including 5.000 government; calves, 3.000, including I, government; market steady. Sheep receipts, 5,000; market steady. Aug. Bulk. Top. Receipts. 8. $5.00® 5 20 $5.40 4 500 9. 5.15® 5.35 5.50 4,500 10. 5 30® 5.50 5.65 4 500 11. 4.30® 5.50 5.65 1 000 13. 5.40® 5.60 5.80 4.000 14. 5.55® 5.75 6.90 5 000 Market, Higher. (130-160) Good and cohice..s 4.75® 5.00 —Light Weights—-(l6o-180) Good and choice... 5.55® 5.65 1180-200) Good and choice... 5.70® 5.75 —Medium Weights—- < 130-160) Good and choice . $ 75®. 5.00 (200-220) Good and choice ... 5.80® 5.85 —Heavy Weights—-'2so-2901 Good and choice... 5.80® 5.85 (290-350) Good and choice ... 5.70® 5.80 —Packing Sows—'3so down) Good 4.50® 500 (25p Its. i Good 4.25® 4.75 (All weights) Medium 4.00® 4.50 —Slaughter Pigs—-(loo-130) Good and choice ... 3.25® 4.25 CATTLE Receipts, 2.7 W); Market. Steady. Good and choice $ 6.50® 8.75 Common and medium 3.00® 6.50 U. 1(H)-1,50(1 ) Good and choice 7.00® 9.00 Common and medium 5.00® 7.00 (550-750) Good and choice 5.00® 6.75 Common and medium 2 00® 5.00 (750-9PQ i Good and choice 5,00® 7.00 Common and medium 2.00@ 5.00 —Cows— Good 3.00® 4.00 Common and medium 2.25® 3.00 Low cutter and medium 1.25® 2.25 Bulls (yearlings excluded) Good (beef steers) 2.75® 3.50 Cutter common and medium.. 1.50® 2.75 VEALERS Receipts, 2,400; Market, Higher. Good and choice $ 6.00® 7.00 Medium 4.50® 6.00 Culland common 2.50® 4.50 —Calves— Good and choice 4.50® 5.50 Common and medium 2.50® 4.50 —Feeder and Stocker Cattle— Good and choice 2.50® 500 Common and medium 2.50@ 3.50 (800-1.500 > Good and choice 3.50® 5.00 Common and medium 2.50® 3.50 SHEEP AND LAMBS Receipts, 2,000; Market, Lower. Lambs. 90 lbs. down, good and choice $ 7.00® 7.50 (90-110 lbs.) Good and choice 6.50® 7.25 '9O lbs. down) Com. and med. 4.50® 6.50 —Ewes— Good and choice 2.00® 3.00 Common and medium I.oo® 2.00 Other Livestock (Bv United Press) CHICAGO. Aug. 14.—Hogs—Receipts, including 5.000 direct; active, fully 25 cents higher than yesterday; 210-300 lbs.. 50.75 'it 5.85; top. $5.00; 1.70-210 lbs., 55.25®5.75; light lights. 54.75F/5.25; $4.50 down: packing sows. $4,504(5; light lights. 140-160 lbs., good and choice. $4,754/ 5.25: light weights. 160-200 lbs., good and choice. $54/5.75: medium weights. 200-250 lbs., good and common, $5,604/5.90; heavy weights. 250350 lbs., good and choice, sa.6s® 5.90: packing sows, 275-350 lbs., medium and choice. $44/5; slaughter pigs, 100-130 lbs., good and choice. $3,504/4.75. Cattle —Receipts. 6.000 commercial. 5,000 government; calves. 2.000 commercial 1.000 government; general market slow, weak to 25 cents lower: steers, good, all others declining; beef cows, unusuallv dull; yearling heifers. 154/ 25c lower: bulls. 15® 20c off: vealers. strong to 25 cents higher; best young yearlings $8.40; sprinkling. $7,504/ 8.25. but few sold. Slaughter—Cattle and vealers: Steers. 550-900 lbs . good and choice. $5.50®8: 900-1,100 lbs., good and choice. $5,504/9; 1.100-1.300 lbs., good and choice. 55.754/ 9.25; 1.300-1.500 lbs., good and choice. $6.25® 9.25; 550-1.300 lbs . common and medium $2.25® 6 25; feeders. 550-750 lbs., good and choice $4,754/ 7: common and medium. 52.254i4.75; cows, good. $3®4.50; common and medium. $2.25 ®3; low cutler and cutter. $1.25®2.25; bulls i yearlings excluded) good (beefi. $2.75®3.75. cutter, common and medium. $24/3.15: vealers, good and choice. $5.25® 6.50: medium. s3® 5.25: cull and common $2,504/ 3 Stocker and feeder cattle $4.25® 5 25; steers. 550-1.050 lbs., good and choice. $4.25® 5.25; commond and medium. $2.50® 4. Sheep—Receipts, 5.000, opening slow; understone weak to lower on fat lambs: hulk held for steady prices early bids on few sales. $6.75: tops around $7; and some strictly cohice kinds held for $7.25; steadv. native ewes. s2® 2.75: slaughter sheep and lambs, lambs. 90 lbs., down, good and choice. $6.1047 7.25: common and medium. $4.50® 6.15: ewes. 90-150 lbs., good and choice. s2® 3: all weights, common and medium. $1.50® 2.50: feeding lambs, 50-75 lbs., good and choice. $5.50® 6. FORT WAYNE. Aug. 14—Hogs—15 to 20 cen'* higher; 250-300 lbs.. $5.90; 200250 lbs.. $5.75: 180-200 lbs.. $5.60; 160180 lbs.. $5.45: 300-350 lbs.. $5 60 150-160 lbs.. $4.75; 140-150 lbs $4 50: 130-140 lbs.. $4.25: 120-130 lb'.. $3.75; 100-120 lbs.. $3.50 rough' $4 25: stags, $3. LAFAYETTE. Anc.. 14.--Market 15 to 25 cents higher: 200-300 lbs . $5 70® 585 180-200 lbs . $5.55® 5.60: 160-180 lbs.. *5.35 4/5 45: 140-160 lbs.. $4.50® 4.75: 125-H0 lbs.. s4(fi4 25 115-125 lbs. S3 50® 3 75: 100115 lbs.. *3 -3 25; roughs £4.75 down; top calves. *5.50. lambs. *6.50 down. Bv Times Special! LOUISVILLE. Aug. 14.—Cattle Receipts, 200; salable supply light; Quality Slain: fair demand: market mostly steadv; ulk common to medium steers and heifers. *3*B4 50; better finished kinds auotable. *5 to around *6: bulk beef cows mostly *2 50® 3 good smooth kinds to S3 50 and above for heifer types; low cutters and cutters. Sl®2 25: sausage bulls scarce, quotable to S2 508 3 lightweights down to around *2 25: bulk Hereford s'oekers. s4® 5. depending on w eight, qualitv and sex; common to medium stackers and feeders. *2 50'/ 350 cal.es. receipts. 350; vealers 50c higher: bulk. better grades. *5-/5 50: strictly choice handvweighi.' to S6. hniv grass calves and medium and lower grade vealers. *4 50 down Hoes—Receipts. 500: 5 cents higher: 210-300 lbs. *5 90 185-205 lb*. $5 70 305 lb' up. *5 29 160-180 lbs $4 90 145-155 lbs *4 55; 120-140 lbs . 53 15 sows. *3 65 grassy and unfinished hogs subject to a discount Sheep—Receipt 1.300 including around 200 stock ewes; market not fully established: most talk and indications point to a mostly steadv market on lambs: bulk better grade truckedin ewes and weathers. *6 25 5 6 50 choice longhau! and overnight iambs $6 75 strict'v choice strong weights to *7- bucks subject to the usual discount most throwouts. *4 down: bulk fat ewes. *!®2: choice lightweights higher; stock ewe trade moderatelv active and generally steadv: bulk of the ewes *6 50 &7.50 per head.

Wall Street

Economists Criticised for Basing Trade Judgment Entirely on Seasonal Factors. BY RALPH HENDERSHOT

Times Special Financial Writer W r ALL STREET experts are divided in their opinions as to whether we are likely to experience a pickup in business this fall. In fact, many of those who had been looking forward to such a development are now of the opinion that little or no improvement can be anticipated before next spring. Most economists make their business forecasts largely on the basis of seasonal fluctuations. They are inclined to take the stand that trade improvements invariably occur in the spring and fall, while slumps take place in the winter and summer. In other words.

they lay great stress on seasonal influences. Writing in the current issue of the magazine Tin. E. H. Davenport takes them to task for this tendency. He has examined the figures for Great Britain, he says, and he has failed to find any case in which trade picked up in the fall when the trend of business previously had been downward. Figures for the United States, he adds, show there has been no autumn business revival since 1928. a a a “Os course,” Mr. Davenport states, “there have been many autumnal upswings in the stock market. The business man loves to embark upon a few speculations on the Stock Exchange when he returns invigorated from his summer holiday v I suspect that the theory of autumn revival in trade, like many other bad jokes, has its origin on the

gall 2 Tt*i

llendershot

Stock Exchange.” Assuming Mr. Davenport to be correct in his statements perhaps we should not become unduly alarmed if business does not take on brighter prospects this fall. And. by the same token, if it does not keep in the old rut it may not be necessary to wait until next spring before we have another opportunity to smile again. It should occasion no great surprise this year if wc should skip over (he autumn months with a very modest amount of trade activity and then gather momentum later. Perhaps the government has been saving its public works expenditures until next winter, when they are likely to be most nexled nan n u Those who have been making a careful study of the drought situation in the United States say conditions may be a great deal worse than appears on the surface, assuming that to be possible. The point they make is that it may not turn out to be merely a bad crop this year and a good crop next year or the year after, when the water man is in a more friendly mood. This year’s drought, according to those who have been looking through the records, is the culmination of more than fifteen years of subnormal rainfall. If this should prove to be the case and the drought conditions continue from year to year the result might be an entne change in our agricultural and economic picture.

Billion-Dollar Campaign Started by Government

Re-Employment of 5,000,000 Men Is U. S. Goal in Recovery Drive. BY DUANE WILSON United Tress Correspondent WASHINGTON, Aug. 14.—The government, with a 51.299,445.549 stake in America's homes, set out virtually to double that investment today in a billion dollar “fix it drive. Today any home owner in the land could walk into his neighborhood bank and ask for SSOO to repair the leaking roof. Because of the billion dollar campaign, he stood a good chance of getting the money. If the owner is a reasonably good credit risk, the bank will loan the money at 5 per cent or less. Back of the home owner stands the government guaranteeing the loan up to 20 per cent. And if the bank doesn't want to put up its own cash, the government will advance the full amount of the loan with the home owner’s note as security. Aid Home Owners Housing Administrator James A. Moffett hopes that home owners will call on the banks for a billion dollars or more. The goal of the campaign is re-employment of 5,000,000 men and new life for the construction industry, giant laggard of the recovery drive. Need for the modernization and repairs is thoroughly known. Government surveys have shown a startling percentage of homes in bad condition. Every sort of repair is needed. The staff of the national emergency council has been enlisted to speed up the drive. Regional directors and field workers will acquaint home owners and banks of the details of the plan. The housing campaign starts just a little more than a year after creation of the home owners loan corporation which was organized principally to save homes from foreclosure and release mortgage assets. Chairman John H. Fahey of the HOLC announced that 431.702 loans had been made totalling $1,299,445,549. Fahey pointed out that the corporation now had 250 offices and that throughout the land homes were being spared from the auction block through .ts activities. RFC Advances Cash Mortgages have been spared worry and anxiety through refinancing of their obligations and mortgage holders have received tax-exempt government-guarantee securities. “Banks and building and loan associations in receivership,” said Fahey, “by transferring eligible mortgages in large blocks to the corporations, have received bonds in exchange of which the FC has advanced cash up to 80 per cent of par value, and have thereby been able to make substantial pay-offs to depositors. “The removal of these thousands of homes from the market has helped steady the real estate keel and interrupt the downward trend of real estate prices.” INTERNATIONAL WHEAT COMMITTEE MEETS Delegates of Twenty-Two Nations Confer in London. By United Free* LONDON, Aug. 14.—With wheat shortages reported all over the world, delegates of twenty-nations met today in the international wheat advisory committee to try to limit production and insure higher prices to farmers. An agreement was reached a year ago to limit export, but dissension has arisen over it. The present meeting is designed to effect and extend the existing one. Delegates were confronted with a new situation because of the drought which has affected crops in most wheat producing nations, and they must risk shortage that would bring famine conditions in some impoverished countries. The first business of the conference was to consider reports on progress since the last meeting and to study a report on the world situation.

SURPLUS FREIGHT CARS SHOW LARGE ADVANCE Total Increases 2.273 During Two Weeks Ended July 14. Bp llmi x Sfn rinl WASHINGTON, Aug. 14.—American Railway Association reports Class “A” railroads in the United States has 339,879 surplus freight cars in good repair and available for service on July 14, an increase of 2,273 cars over June 30. The increase is accounted for by an 8.376 car advance in the number of surplus coal cars, that, division having a total of 102,060 surplus cars. Surplus box cars on the date totaled 195.740, a decrease of 4.045; surplus stock cars 20.185, a decrease of 2.375, and surplus refrigerator cars 9,120. a decrease of 310. Marriage Licenses Albert Wikoff. 23. of 347 North Holmes avenue, pressman, and Madge Wilson, 24. of 2219 North Gale street, presser, Elmert Ballinger. 20. Greenwood. Ind.. farmer, and Opal Thomas, 17, of 1135 East Washington street, housekeeper. Gordon Harker. 2.5, of 1300 South High School road, social service, and Alice Scheil. 22, of 1244 South High School road, stenographer. Clem Roome. 21. of 57 South Tuxedo street, clerk, and Marjorie Scoggan. 19, of 916 North King avenue, housekeeper. Miller Sherman Jr.. 30. of 3815 Graceland avenue, commercial artist, and Norma Elizabeth Ryan. 29, of 2258 North Alabama street, secretary. Ralph Teeter. 23, Anderson. Ind.. pharmacist, and Kathryn Reynolds, 19, of 1503 Lawndale avenue, clerk. William Cox. 26, of 1521 Delaney street, laborer, and Pauline Payne, 20, of R R. 3, Box 859. housekeeper Lawrence Turpin, 32, Brownsburg Ind., laborer, and Ida Plummer, 31. Clermont, Ind.. cierk. Albert Hurt, 22, of 1128 South Sheffield avenue, metai worker, and Catherine Overman, 17, of 2201 Barrett avenue, housekeeper. Charles Cordray. 21, of 1420 East Tenth street, bookmaker, and Ann McCurren, 19. of 1420 East Tenth street, housekeeper. Thomas Arnold. 22. Lawrence, Ind., soldier, and Maxine Marshall. 20, Castleton, Ind., housekeeper. Andrew Davis. 24. Danville. 111., dairvman. and Mattie Morford, 25. of 705 Jewell street, clerk. Bernard Scudder. 22. Elwood. Tnd , glass factory, and Betty Janes, 20, of 117 Nortn Greelv street, housekeeper. Howard Chandler, 19, of 840 North Gladstone street, cierk, and Emma Hallett, 19, of 102 South Gladstone street, housekeeper. Frank Scharlau. 25. of 284 North Elder avenue, clerk, and Helen Hefner. 24, ot 342 North Elder avenue, bookkeeper Births Girls John and Edna Lee. 2256 Carrollton Travis and Wanda McLaughlin. 707 East Tenth. Alexander and Thelma Kriner, 1857 Tailman. Boy, Sterling and Nellie Weaver, 3540 East Vermont. William and Grace Teepee 1633 Villa. Orie and Golda Doan, 602 Lincoln. Charles and Elda Curry. 515 Exeter. Raymond and Edith Wheeier, Methodist hospital. Pnillip and Irma Baldauf. 359 South Audubon Road. Deaths Frank Minnick 50, Methodis' hospital, intestinal obstruction. Kathering Lenihan. 84. of 803 Nor'h Oxford, hypostatic pneumonia Samuel Phillip Denton, 58, St. Vincent's hospital, carcinoma Clifford E. Cook, 21 Methodist hospital, pneumococcic meningitis. Mahalev Thompson. 51. Norways Sanatorium, skull fracture Stanley Troutman. 2. city hospital, acute gastro enteritis Harry A. Weaver. 50, of 1345 Nordyke. acute myocarditis. Mary M Garringcr, 28, city hospital, edema of lung. Odell Wright. 2 months, of 325 Blake, acute gas’ro enteritis Allen W Wilson, 82, of 906 Chadwick, chronic myocarditis. James M Thomas. 78. of 45 Schiller, carcinoma. Miranda Ryder. 72. of 707 Virginia, cardiac asthma Carrie Collins, 62 of 730 Center, chronic myocarditis. Samantha O Barnes. 85. of 5438 Nortn Pennsylvania. arteriosclerosis Martha Jane Schaff, 81, of 4220 East Washington, cardio vascular renal disese Martha M. Hoober 88 of 214 North Tacoma, chronic myocarditis Clara M Howell. 58. of 1832 Fletcher, acute dilatation of heart. Plumbing Permits Roland M Cotton. 1635 East PaJrer street: thirty-seven fixtures. Frank Brinkman, 4186 College; one fixture. Sloan-Barker, 3372 North Sherman; three fixtures. CASH LOANS OF RFC TOTAL $5,559,205,737 Repayments l'p to July 31 Amount to $1,770.162,%9. By I niteii Fri , WASHINGTON. Aug. 14 —The Reconstruction Finance Corporation has made cash disbursements amounting to $5,559,205,737 since its organization Feb. 2. 1932. Chairman Jesse H. Jones said today. Os the disbursements up to July 31, a total of *1.770.162.969 has been repaid to the corporation and relent. leaving approximately $2,415,000,000 of loans still outstanding.

AUG. H, 1931

SETTER DEMAND FORCES WHEAT PRICES UPWARD Corn, Oats Rise Fractions: Rye Advances More Than a Point. BY HARMAN W. NICHOLS l nitrd Prc, Corrcpondrnt CHICAGO. Aug. 14 —Stronger foreign markets and Increased demand in domestic markets sent wheat prices slightly higher on the Chicago Board of Trade today. Wheat opened s to 7 cens higher, corn was up V to s i cents, oats were up to , cents, rye was up ", to 1 : 7 cents Liverpool and Rotterdam both opened higher than due and the local market responded with a firmer tone than had been shown since Saturday's limit drop. Steadiness of the market offset, reports of rains over the southwest and copier weather over the northern belt. Reports from Canada said threshing was turning out poorer than had been expected.

Cash Grain

INDIANAPOLIS —Auk. l.t— The bids (nr car lots of erain a' tho fall of 'hr Indianapolis IJoarri of Trade. ! o h shlppinc point, osis. 17' 2 rents to river, Wheat—Steady• No t red. 94' ■ ®95 1 r No 2 red. 93' ''/94 ! /r; No. 2 hard. 94' - 95 '_-r. Corn Steadv No. 2 white. TO®) 71r. No. 3 White 69/70r. No 2 vrllo-v, 69 4/ 70c: No. 3 vellow 68® Site: No. 2 mixed. 684/69c: No. 3 mixed. 67®68r Oats—Weak: No 2 w hite. 45® 46c; No. 3 white. 44® 45c. Hay—Steady. 'F o. b country poinM takine 23' -c nr less rates to Cmrinnati OP Louisville). Timothy—No. 1. SIB'S 13.50. —lnspections Wheat—No. 1 red. 2 cars: No. 2 red. fi cars; No. 3 red 3 cars; No. 1 mixed. 1 car; Sample. 1 car. Total. 13 cars Corn— So. 2 white, 5 cars. No. 3 white. 6 cars: No 4 white. 4 cars; No. 5 white. 2 cars No 2 yellow. 30 cars; No. .3 vellow, 31 cars: No. 4 yellow. 3 cars; No. 3 mixed. 1 ear. Total. 85 cars. Oats—No. 1 white. 1 car: No 2 white 2 cars: No .3 while t cars.. No. 4 white. 2 cars: Sample wnite. 2 cars. Total, lt cars Rye—No. 1 2 cars: No. 2. 1 car. Total, 3 cars. Chicago Futures Range —Aug. 14— Prv. Wheat— Hich. Low, 10:00. close. Sept ........ 104’, 104 1,04 1.03’, Dec 1.07’, 106’, 1.06’, 106 , ‘ Mav I.lo’, 1.09’, I.lo', I.lo', CornSept .76 s , .76 .76 .75', Dee .79’, .79 .79', .78’, May 83’, 83 .83'.- .83’, Oats— Sept 49’, .49' 2 .49’, .49', Dec 51’, 51 .51 .51’i May 54’, .53’, .54 .53’, RyeSept .84’, at', .34’, .83’; Dee 87’, .87’, .87% .86', May 92’, .92 .92 .91 % Bailey— X Sept, . .60 <2 .69 1* Dec 71 .70' 2 .70' ' .70' 2 CHICAGO PRIMARY RECEIPTS —Auc. 13— —Bushels— Todav Last wee. Wheat 1.273 000 1.284 000 Corn 2.234.000 2.579.000 Oats 463.000 536,000 Loral Wacon Wheat Citv cram elevators are payinc 89 rents tor No. 2 soft red wheat. Other crades on their merits (Bv United Press) CHICAGO. Auc. 13—Cash Grain: Wheat—No. 1 red * 1.03 1 a: No 2 red, $1,034/ 1.03';,; No. 3 red. $1.03; No. 4 red. $1.01; touch, 99c; sample red. 97c: No. i hard, $1.09; No. 2 hard. $1,084/ 1.09: No. 1 mixed, $1.06; No. 2 mixed, $1,034/ 1.06. Corn—No. 2 mixed, 76c: No 3 mixed, 75c; No. 1 yellow. 76' .-c; No. 2 yellow, 75',4/ 76' t c' No. 3 yellow, 75®'76''ic: No. 4 yellow. 73,4/74c; No 2 white, 77®' 77' .ic. Oats—No. 1 hard. 534/ 54c old; No 2 w hile, 51' ,c: No 3 white. 48850 c; No. 4 white. 47',® 49 1 5c: sample. 44' ''. Rve—No sales. Barley—Sale, 90c: quotable. s6c4/ $1.05, Timothy—sls,so4/ 16 Clover seed—sll.so® 16.25. Cash provisions: Lard—sß 07; loose. $7.50: leaf. $7.50 Bellies—sll.ls. TOLEDO—Auc 13.—Grain close: (Gram in elevators. transit billing)—Wheal No. 2 red 51.034/ 1.04. Corn—No. 2 v/!low. 804/ 81c. Oats—No. 2 w hite, 52® 53c. Rye—No. 2, 85'_.® 86',/C. (Track prices, 28'2C rate)—Wheat—No. 1 red. 99c4/$l; No. 2 red, 98® 99c. Corn—No. 2 yellow. 75 , 2®76 i 2c: No. 3 yellow. 74>/j*i7sljc: No 4 yellow. 73'2®74'2r. Oats—No. 1 white. 508 53c: No. 2 white. 498.51 c; No. 3 white, 478.50',2C. In the Cotton Markets —Aug 13— CHICAGO High. Low Clo o January 18.31 13 73 13.75 March 13.90 1.7 82 13.87 Mav 13 00 13.88 13 96 October 13.63 13.51 13 54 December 13.78 13.66 13 67 NEW YORK January 13.76 13 63 13 63 March 13.87 13 76 13 77 Mav 13.95 13 83 13 84 July 14.00 13 50 13 II October 13 57 13 44 13 48 December 13.72 13 59 13 60 NEW ORLEANS January 13 69 13 66 13 66 March 13.85 13 77 13 77 May 13 87 13 83 13 83 July 13.63 October 13 55 13 43 13 43 December 13.70 13.58 13 53 N. Y. Coffee Sugar Futures —Anc. 1.3—. COFFEE —Santos— High Low. do 8 March 11 2.5 11.12 11 2 May 11.31 11 19 11 19 Jtllv 1 1 35 1 1 23 11 23 Sept. 11.13 10 97 10 57 December 1 1 20 11.06 11 53 Rio— January 8 33 March 8 43 8.37 8 to Mav . . 847 July 8.55 September 8 20 8 15 8 15 December 3 32 8.20 8.27 SUGAR High. Low clo v. January 1,85 1 33 1 ?3 March 1 88 1 85 1 85 Mav 1.32 1.30 1 31 Julv . 1 9 4 September 1.73 1 76 1 76 December 1.83 1 32 1.83 2~ DIVIDENDS Common, Preferred Stock Payments Voted by Firm’s Directors. B y Time* Special CLEVELAND, O. Aug. 14.—Directors of the City Ice and Fuel Company have declared the regular dividend of $1.62' 2 a share on the preferred stock, payable Sept. 1. to stockholder.’, of record Aug. 20. Regular quarterly dividend of 50 cents a share on the company s common stock was also declared payable Sept. 30, to stockholders of record Sept. 15. COAL PRODUCTION GAINS Indiana Output Totals 202,000 Tons in Last Week of July. Indiana coal production showed an increase for the week ended July 28 over the previous week, a report of the United States bureau of mines showed today. Production reached 202,000 tons for the last week of July, compared to 195,000 tons for the previous week. The output a year ago, however, was 231,000 tons Indiana produced more than 3 per cent of the nation's total output.

OFFICE DESKS, CHAIRS, FILES W. C. Brass & Associates Office Equipment Engineers 134 S. Meridian St RL 9*27