Indianapolis Times, Volume 46, Number 82, Indianapolis, Marion County, 15 August 1934 — Page 13

AUG. 15, 1931

Wall Street Real Inflation Uncertain Despite New Monetary Policy of U. S. BY RALPH HENDERSHOT Tiium *mml Imintial Hrilfr ■pVESPITE recent developments U there is as yet no certainty that are on the highway leading to rr al inflation. We have the power to inflate, and we have had a taste of it. but whether or not actual inflation takes place depends on President Roosevelt, and there is every reason still to believe that he will take that

route only if he is forced to do so. It may be well at this time to reiterate that there are two ways to inflate. We can inflate through the use of credit or we can inflate through the issuance of sufficient money to weaken the

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confidence of ' the world in the worth of the dol- i lar. And prices are unlikely to be affected to any great extent until we do either of these things. Inflation in this country is not an easy thing to accomplish. We cannot get inflation through credit until people are willing to borrow and others are willing to lend. We have all the machinery for credit inflation at the present time, but the human element prevents it from taking effect. b b a TF prospects were such that peopie could use money in their busines profitably they would borrow. The bankss likewise would be willing to lend under such conditions, for then they would have less fear of being repaid. But not only is it difficult to sell goods produced, but the steps taken by the administration thus far have tended to reduce the profits on such goods as are sold. We can hardly have credit inflation until profits are sufficient to get people to use money to increase their production. Currency inflation likewise has its difficulties. We have a better gold coverage for the dollar today than we ever had. We can arbitrarily reduce the value of the dollar in terms of gold, as we already have done, and lift prices to a certain extent by so doing. But that Is not inflation as it is popularly regarded. BUB r-p'O secure real currency inflation those who have money must become so disturbed as to exchange their money for goods. They must become convinced that the government can not or will not support the currency with gold at its current stated value. When this happens, and a sufficient number begin to exchange their money for goods, prices will rise from the demand thus created. But with all of the gold we now hold, and with silver having been added as additional security behind the dollar, it may take the issuance of a great amount of new currency before the public becomes convinced of the government's inability to support the dollar. It is possible, however, that the government may eventually create the opinion that it is unwilling to stand back of its currency if it continues to take such steps as devaluation and the issuance of silver certificates.

RFC MAY FLOAT LOAN TO AID HIDE MARKET Stabilization Demanded After Sharp Decline in Prices. Bn I'nitr .l /V. * WASHINGTON. Aug. 15.—The Reconstruction Finance Corporation was understood today to be setting up machinery for floating a $lO.000.000 loan to stabilize the hide market after huge government cattle purchases in the drought rcg’on. Methods for di*turbmg the loan were discussed recently by representatives of RFC. the federal emergency relief administration, the national tanners council and the agricultural adjustment administration. Stabilization of the market was demanded after a sharp drop in hide prices followed heavy government cattle purchases in the drought area. It was believed the loan will be disbursed either through the commodity credit corporation or a special stabilization corporation in which taners might be required to Invest. In the Cotton Markets —Aug. 14— CHICAGO High. Low Close January ............ 13 66 13 60 13 60 March 13 80 13 *3 JJ \jv 13 84 13 79 13 79 October 13 48 13 38 13*38 December 13 64 13 53 13.55 KXW YORK January •••••••••••• *l3 63 13 51 13 52 MaVch 13 75 13 63 13 63 Vs, 13 80 13 67 13 89 J U *V 13 75 13 63 11 75 October 1? 44 13 32 13 33 December .... 13 58 13 46 13 47 NFW ORLEANS January 13 61 13 49 13 50 March 13 70 13 5# 13 59 May 13 76 13 66 13 66 July 13 81 October 13 41 13 28 13 28 December 13 37 13 43 13.45 N. Y. Coffee Sugar Futures COFFEE —Aug. 14— —Santo*— H.eh. Low Close March 11 29 11 12 11 20 Miv 1127 Julv ... 11 33 Sertember IMS 10 9? 1108 December 11 25 11 09 11.16 —Rio— January March 8 53 8 42 8 43 Mav 8 50 July 8 57 September 8 24 December 8 37 8 32 8 32 SrGAR High. Low Close January 182 ISO 182 March 1 86 1 83 1.84 Mav 1 92 1 88 1 89 July 1 96 1 92 1.94 September 1 76 1 73 1 74 December 1 83 1 79 1 83 C. A N. W. Car Loadings Gain ByTi me* Special CHICAGO. Aug. 15.—Chicago St North Western Railroad Company carloadir.gs on own lines in the week ended Aug. 11 totaled 17.043 cars against 17.032 in the previous, week and 14.724 in the corresponding 1933 week.

STOCK MARKET UNEVEN AFTER EARLY ADVANCE

Building and Local Traction Issues Spurt to New Highs for Year. /fV f ntfrd Prt m NEW YORK. Aug. 15—Trading continued dull in the afternoon part of today's session. Prices turned irregular after early strength induced by a brief buying move in building issues and local tractions. American Telephone rose to lll'i up l i points on declaration of the regular quarterly dividend of $2.25 a share. Thereafter it turned dull and held the gain. Building Issues held gains also, but activity in the group during the morning lightened until these issues were on a par with the general market in point of volume. Leading industrials turned irregular silvers slipped back; oils were rm; rails moved irregularly. Early in the last hour United States Steel was at 33 , up %; American Can 96'1, off I'*; General Motors, ex-dividend, 29%, up United States Smelting 135, off 2; Du Pont 88% unchanged and Johns Manville 44%, up It*. In the traction group interborough Rapid Transit certificates jumped 4 points to anew high at lO’z, while Brooklyn-Manhattan Transit made anew high above 43. Auburn Auto was strong in its division with a gain of l'j points. Cuban American Sugar preferred was bid up nearly a point. Money and Exchange INDIANAPOLIS BANK CLEARINGS —Aur. 15— Citrines 51.954.000.00 Debits 4.496.000 00 FOREIGN EXCHANGE <Bv Abbott, Hoppin & Cos.) —Auk. 14— Close. Sterling, Er.Rland $5 10 ’. Franc. France 0668% Lira. Italy 0870 Belgias. Belgium 2382 Mark Germany 3970 Guilder, Holland 6880 Peseta. Spain 1.387 Krone. Norway 2565 Krone. Denmark 2280 Yen. Japan 3025 Treasury Statement ißy United Press! Washinßton, Auc 15.- Government expenses and receipts of the current fiscal 'ear to Aur. 13. compared with the corre.spondinß period of the previous fiscal year: This Year. Last Year. Expenses.. $ 690.790 070 11 $431,672,754 72 Receipts.. 370,772.031.73 255.049.608 67 Deficit 320 018 038 38 175.723,146.05 Cash Bal. $2,316,905.654 45 Investment Trust Shares (By Abbott. Hoppin & Cos.). —Aur. 14— . Bid. Ask. Am Bank Stocks Corp 1.02 1 06 Am Gen Sec A 3 50 4.50 Am <fc Inv Tr Sh. 1.75 Basic Ind Shares 2.50 300 British Tyflc Inv Tr Sh 30 .38 Collateral Trustee Shs A... 412 437 Corporate Trust Shs 101d1... 1.85 100 Corporate Trust Shs (new).. 2.10 2 14 Cumulative Trust Shares .. 359 363 Diversified Trust Shares A.. 625 .... Diversified Trust Shares B . 687 Diversified Trust Shares C . 2.75 2.79 Diversified Trust Shares D.. 4 12 437 First Insurance Stock Corp.. .50 100 First Common Stork Corp.. .52 .... Fixed Trust Oil Shares A.. 725 .... Fixed Trust Oil Shares 8.. 6.25 Fundamental Investors Inc.. 1.77 1.95 Incorporators Fnvo.st merits... 16.12 1637 Land Bank Bond Shares 1.14 1.27 Low Priced Trust Shares 5.22 5.37 Mass. Inv. Trust Shares 16 00 19.57 Nation Wide Secuirties 295 3.00 North A Trust Shares <53! .1.76 ... North Am Trust Shares <53-56! 2.11 2.15 North Am Trust Shares i.58>.. 2.13 2.16 Selected American Shares . 223 Selected American Shares Inc 1.01 1.10 Selected Cumulative Shares .. .5 92 Selected Income Shares 3.06 3.50 S’d Am Trust Shares A .... 2.70 2.74 Trust Shares of America .. 2.59 2.65 Trustee Std Oil A 5 25 5.37 Triif tee Std Oil B 4.69 4.75 U S Eire Lt A- Twr A 1125 11.50 Universal Trust Shares 2.72 2.77

Daily Price Index ißy United Press* NEW YORK. Auk. 14.—Dun & Bradstreet's daily weighted price index of thirty basic commodities compiled for the United Press: 1 1930-1932 average 100) Today 118 50 Yesterday 118.12 Week ago 118.11 Month ago 113 84 Year ago <Aug. 15* 100.40 1934 high 'Aug 10* 120 02 19.34 low iJan. .3) 101 05 (Copyright. 1934. Pun A: Bradstreet. Inc Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. A 25-cent carrying charge per ton will be added. DOMESTIC RETAIL PRICES Anthracite $13.50 Brazil Lump 5.90 Brazil Egg 5.90 Brazil Mine Run 5.25 Coke. Nut Size 8.50 Coke. Egg Size 8.50 Indiana Forked Lump No. 4 and 6. 5.75 Indiana Egg 5.75 Kentucky Lump. Group ''B" 7.15 Pocahontas Lump 8 25 Pocahontas Egg 8.35 Pocahontas Mine Run 7 >0 New River Smokless 8.25 TEXTILE CONVENTION TO GET STRIKE PLEA Resolution Demanding Walkout Is Due Today. Bn l intcd Pret* NEW YORK. Aug. 15.—Possibility that the first of fifty proposals for a general strike in the mammoth textile industry would be placed before the thirty-first annual convention of the United Textile Workers of America today brought a record crowd to Town Hall for the third session. Led by a militant Alabama group, sponsors of the proposed walkout in sympathy with the cotton workers strike of their own state, proponents hoped for an early open hearing on the question and a vote by the 600 delegates. BUSINESS ACTIVITY UP Index Shows Slight Improvement During Week. B'j Timex Special WINCHESTER. Mass.. Aug. 15. General business activity showed some improvement during the recent week. Winchesters index nowregisters 34 per cent below normal compared with 35 per cent below in the previous week. Electric power output, car loadings, and bank clearings have been holding up remarkable well for this time of year. A year ago business activity at nearly 25 per cent below normal w as just starting on the downward trend which carried it from early August into November. One especially favorable condition with general business this summer is that consumption is keeping pace with production. Crude Oil Production Rises By Timet Special NEW YORK. Aug. 15.—Daily average production of crude oil in the United States in the week ended Aug. 11 amounted to 2.587.625 barrels, an increase of 76.844 barrels ovtr the preceding week.

New York Stocks Abbott. Hoppin & Cos AVERAGE STOCK PRICES FOR TUESDAY Net High. Low. Close, change. Thirty Industrial* 91.98 90.82 91.12 —.68 Twenty rails 31.64 34.23 34.38 -.28 Twenty utilities 20.57 20.23 20.23 .35 Forty bonds .... 92.20 -.53 Ten first rails •••• 99.82 - 1.02 Ten second rails .... 74.10 -.54 Ten utilities •••• 98.14 -.37 Ten industrials .... 96.75 -.18 t Up. -Off.

—Aur. 15— • Prev Oil*— High. Low. 10:00. close Amerada 48 Atl Rfg 25 1 a Barnsdall ... .. 7 Consol Oil 9% 9% Cont of Dei . 19S 19% 19*. IS' Houston < new) 3'* Houston <o!di 16 % 16% Mid Cont Pet IT. Ohio Oil 10'. 10*. Pet Corp 10% Phillips Pe< 173. 17’, Plymouth OU .... ... ... 9 a Pure Oil 8 % Sbd OU 27’a Shell Un 7Va Skelley Oil See Vac 15% 15% S O of Ca! 35 S O of Kan 30’ 2 SOOf N J 44% 44*. 44*. 44% Texas Corp 24 23% 24 24 Tidewater Assn. .. ... 10% 10% Un Oil of Cal 14% ... Steels— Am Roll Mills 16% Beth Steel 27*4 27 27*4 27% Bvers AM 16;a Cruc Steel 19% Ludlum Steel i 2 ;. Natl Steel 3854 38% Otis Steel ... . 4 .e Rep Iron & Stl IS Vi 13% 13V 2 13-4 Rep Ir Ac Stl pfd 42 U S Pipe ii Fdv • • • 19 U S Steel . 33Vi 33% 33% 33% U S Steel pfd ‘S'* Warren Bros *' 4 Youngs n S At T .. ... ••• l 6 * Me tors— Auburn ■ • 19% 19'2 Chrysler • 32 1 a 32% 32% 32 1 Gen Motors Ge/i Mot pfd 10 i'* Graham Mot I’* Hudson <4* B*B Packard •• ••• 3*4 34 Reo 2Va 2% Studebaker *•• *’■ Motor Access— Bendix 12'2 125* Bohn Alum -• 33 Borg Warner 19** 17 B.idd Wheel 2 % 2*4 Eaton Mfg J;,. 2 Elec Auto Lite I' B Houdaille "A” 4 Mullins Mfg * Murray Body 34 3 * Stew Warner s'• * Timken Roll 28 ••• Timken Det Ax. .. • ••• 6 Mining— Alaska Jun .... 20*4 20% 20% 2054 Am Smelt 37 4 3 < * Anaconda l*% Cal & Hecla ... 3% 35a 3% Cerro De Pasco 39*2 39% 395a 40 Dome Mines 44 , 8 Gt Nor Ore ... . 10' 2 10* Howe Sound ... 52% o 2 52% Int Nickel 2554 255'a 25% 2o'b Isl Creek Coal 29 2 Kcnnecott Cop Mclntyre Mine ’8 4 Noranda Cop 4 “,' 8 Park Utah 4 4 !; 2 Phelps Dodge *O-a St Joe Lead •• ••• .i£- 8 U S Smelters 1345* 137 Amusements — Crosley Radio J 4 '* Fox Thea ■■ ••• ••• 1° 8 Loews Inc 26% 26 26 -6_a Radio Corp 56 * 3 * RKO .2 8 Warner Bros ...., 4 Tobaccos— Am Snuff Am Sum Tob 48 % 13 Am Tobacco “A” .. ... < 3 % Am Tobacco ‘B'' ' 3 2 Gen Cigars .. i 4 2 Lig & Myrs “B" ?§3 2 Lorillard 455/8 if, 4 Reylds Tob “B" 43/8 Rails— Atchison 4 8% 4 8 4 f% B & } s > J 5 , 5 * Ch & Ohio 42 * 42/8 CM & Gt 2 C M & St 3 C M & St P pfd. 4 ! 8 Chi N 5 * Chi N W pfd 10V* Dela & Hud ?8 2 Del Lac & W , }?.. Ort Northern pf 1 44 I 4 4 111 Central 13 , 4 K C Sou 8 8 Lou & Nash 43 , M K & 5 ,‘ Mo Pac pfd 5/8 5 a N Y Cent 21 21U N Y Chi & St L Ji 1 * N Y New Haven M> , N Y Ont & West 5 '* Norfolk & Wes. .. • • 17 Nor Pac 16 T s 16V2 1”, 2 Penn R R 2 2’* 2238 22 ' 2 22 Sou Pac 17Va 17 } 7 16 R R . 15 1458 Union Pac 96'i 9554 9554 97 Wabash i., 4 West Maryland 8/2 Equipments— Allis Chalmers 12*4 1254 Am Car & Fdy Am Loco •• • .... J < 8 Am Mach & Fdy J 3 4 Am Steel Fdy 13 8 Bald Loco 854 8 4 Bald Loco pfd Burroughs \\ • J* 2 Case J I 40 w 2 Cater Tract 27,2 Deere & Cos 15 J 3 ., Elec Stor Bat 37 1 * Foster Wheeler 1* 2 Gen Am Tank C 81 4 Gen Elec ... *38.-3 Ingsol Rand ,2;, Int Bus Mach 334 a Int Harvester Natl Cash Reg ] 4 Pullman Inc 4 ' 4 J 7 , Rem Rand •• ... 8 /a 8 8 Und Elliot 44 ,, West Air I”, 2 W'estingh Elec 31 2 3 “ * W'orthington Pmp •• ••• 1 3 % 3< Utilities— Am & For Pwr f Am Pow & Lit 5 ..li 4 AT&T Am Wat W'ks . .. j. 7 Brook Un Gas Col Gas & Elec 9 Col G & E pfd 65 2 Com & Sou I s * 3’J* Consol Gas Elec Pwr & Lit.. "* Int Hydro Elec 4 , 8 •••,, Int T & T 9 3 Nat Pwr & Lit J3 a 13* North 13 Va 13 2 Pac G & 43 * Pub Serv N J So Cal Edison 13 3 w 13 4 Std Gas 84 Std Gas pfd Bs*8 s * 84 Stone & Webster 34 United Corp 4 , Un Gas Imp 1 45 4 44 8 Western Union.. •• ... ••• Rubbers— Goodrich lO* 4 12’ 2 Goodyear 23 I U S Rubber 16 l '* 48 4 U S Rubber pfd 31 * Miscellaneous — Am Bank Note IS,, Am Can 96*4 96’2 96*2 97*2 Brklyn Man Tr. 43 42*4 42 7 a 42 8 Conti Can 80 Curtis Pub I 4 * 4 Curtis Pub pfd . .. ••• <8 78 Eastman Kodak 98 Gillette H 8 Glidden 2T 24 24 24'4 Inter Rapid Tr. ll 3 y 10 3 a 11V4 ll'e Owens Bottle .... 67 Foods — Am Sugar 67'2 67 67 67' 4 'Armour 6*4 6 6 6's Beatrice Cream 15'2 15*4 i Borden Prod ... • ■ 25 ‘ 8 2534 i Ca’ Packing ...33 5 39*2 39*a 39'4 Can Dry G Ale I** B Coca Cola 134 i Cont Bak A 7 I Corn Prod 56'2 57 Crin of Whea f ■■ .. ... 32'* 32'2 Cuban Am Sugar 7*4 < 3 a j Gen Foods 29*a 30 Gold Dust 18 i O W Suear 33 ! Loose Wiles . ■ ■ • ■ • 40 Natl Biscuit ... 33* 2 32 4 * 32 3 4 33 1 * Natl D Prod 17 4 11 17 17'a Purxtv Bak ... 11* 11 11 11 S Porto Rico S .. ..4 . 35 Spencer Kellog.. .. ... 24*4 24 Std Brands 19; a 19’i United Fruit 11*4 71*2 Retail Stores— Ass Drv Goods. .• 10’s Best & Cos 32*8 First Natl Stores 64*4 65 T ANARUS, Gr Un Tea 5% 5*4 Hahn Dept Sts 4 4 4 Jewel Tea 45 .. Kresge S S • • 1 < 3 4 Kroger Groc ... 2954 29 29 29 Macy R H 40 Marshall Fields 10‘s ! Mont Ward 22*b 23 Penny J C 5i 7 a 5. 3 4 Safewav St 46 j Sears Roebuck 34V* 34** , Wool worth 49 s * 49 a Aviation— Aviation Corp 2 7 * 4* B : Curtiss Wright 2 7 a Curtiss Wrignt A B'* Douglas Air . 18* 18 18% 18 Nor Am Av 3 ** f'ruted Aircraft' 15S 15H 15*. if 7. Wright Aero 46 Chemicals— Air Reduction J*®' 2 Allied Chem •• • ••• l 2 ® Am Com Alcohol 19% 19*i 19% 25% Cos! Carbon 65% Cora Solvents 19% Du Pont . I® > Freeport Tex... .. ••• • 30% Liquid Card .... • ••• 31

THE INDIANAPOLIS TIMES

Math Alkali 28% Montosonta Chm . • 5152 Natl Dis 'new).. 19% 19 19% 19 Schenlev Dist 70% Tex Gulf Sulph 32'e Union Carbide 415* 41% U S Indus Ale .. ... ... 38 Vlr Chm 6% pfd 14% Drugs— Coty Inc 4% Lambert 34 Un Drug ... ... 12*4 Zonite Prod 35a Financial— Adams Exp ... ... 7 Allegheny Corp 2 2 Am Int Corp 7*a Chesa Corp 38% Lehman Corp 68% Transamerica 6 Tr Conti Corp 454 45 e Building— Am Radiator ... 13*4 12*4 13*4 12% Gen Asphalt ... 16 16% Int Cement . 22% Johns Manville . 44*4 43% 44% 42% Libby Owens Gls . 28% Otis Elev 1454 1454 1454 ... Household— Col Pal Peet 14* 4 Congoleum * 27*4 Kelvinator ... ... 12 Proc & Gamble 37 Simmons Bed 10 7 a Textile*— Amer Woolen 9*4 9% Celanese Corp 20*4 Collins Aikman 115a 11% Gotham Hose 5% Indus Rayon 23% 23'2 Kayser Julius 14% ... New York Curb (By Abbott, Hoppin & Cos.) —Aug. 14— Close: Close. Allied Mills ... 7 iHiram Walker.. 24' 8 Alum Cos of Am 55 Humble Oil ... 43 Am Cyanide B. 18% Imperial Oil Ltd 15% Am Gas & 71... 21 *4 Hud Bay Min.. 14% Am Superpower 1% Int Petrol . . 28% Ass Gas & El.. % Lake Shore Min 55% Atlas Corp .... 85a Libby McN Libby 7% Can Ind Ale A 8 iLone Star Gas.. 5% Can Marc I%'Mt. Producers . 4% Carrier Corp .. 9% Natl Bellas Hess 2% Cities Serve ... 1% Newmont Min.. 46% Common'w’th E 47%Nia Hud Pwr... 4% Cord Corp . ... 3’ Pan Am Airways 33% Creole Petrol.. 17*, 8 Park Davis ... 245a Deere &Cos ... 15 Penn Road ... 3 Distillers Corp. 1254 St Regis Paper. 254 Dow Chem . 73% Shenvin Wms.. 70 El Bond & Sh.. ll%Std of Ind 26*4 F’isk Rubber . 8% Std of Kv 15% Ford of Europe B%Teck Hughes G 7 Gen Aviation 4 Un Gas 2 Glen Alden Coal 2 Un Pwr &Lt A 1% Gulf Oil of Pa 56*4 Wright Har Min 9% Chicago Stocks “““ <Bv AOboft Honoin & Cos • ~ —Aug. 15High. Low. 11:30. Bendix Aviation 12% Berghoff Brew Cos ... 4% Borg Warner .. 20% Butler Bros 754 7*/a 7"4 Chicago Corp com 1% Chicago Corp pfd ... 25% Cities Service ... 1% Cord Corp 3% Crane Cos 7*,4 7% 7*4 Electric Household 15*4 Marshall Field & Cos 10% Iron Fireman 1454 14 14 Libby McNeil ... 7*/a Noblitt Sparks Ind Inc. .. ... 12% Public Service N P 13% Swift & Cos 18'/* 18 'lB% Utility & Ind 3 2*4 2*4 Vortex Cup Cos 14

Bond Prices

““By Fenner & Beane ——— —Aug. 15— High. Low. 10:00 Alie? Corp 5s ’SO 28% 28 28*2 Am&For Pwr 5s 2030.. 48% AT&T db 5s ’65 107% 107% 107% B&O cv 4%s ’6O 55% Beth Steel Ss A ’36 103 ChMStP&p S adj 5s A 2000 8% "8% 9 8*.4 ChMStP&P rs A ’75 30 29% 30 Denmark 5%s ’55 89% Erie RR rs 5s '67 . • • 64% Goodyear 5s '57 100% 100% 100% Gt Nor 4%s D ’76 67 66 67 Gt Nor 7s A '36 89% 89 89 Interboro RT 5s '66... 75 74 74% Int T & T db 5s ’55 ... . . 57% Nat Dairy db 5%s 48.. 98% 98% 98% NY Cent 4%s O 2013 ... . 65% Penn RR 4%s D 'Bl ... 95 94% 95 Poland 7s ’47 lie*/* Sin Cons 6'is B ’38.... 103% 103% 103*4 Texas Corp 5s ’44 .....102% 102% 102% Tob Pr NJ 6%s 2022 ... . 106% US Rubber 5s A '47 ... 83% 83 83% U. S. GOVERNMENT BONDS 'By United Press) NEW YORK, Aug. 14.—Closing Liberties (Decimals represent 32nds.) * Liberty 3%s (32-47) 103.17 First 4%s (32-47) 103.1 Fourth 4%s (33-38) 103.20 Treasury 4%5, 3*/4S <45) 102.8 4**s <47-52) 111.20 3%s 43-47) 103.16 3%s (41-43). March 104.2 3*as <4O-43), June 104. 3'ls (43) 104 2 3* as <46-49) 101.12 3s (51-55) 100.12 FEDERAL FARM LOAN BONDS (By Blyth & Cos.. Inc.). —Aug. 14. Bid Ask 4s July 1, 1946-44 98*4 99 4s Nov. 1, 1957-37 97 % 98% 4s Mav 1. 1958-38 97% 98*2 4%s July 1. 1956-36 98 98% 4%s Jan. 1. 1957-37 98 98% 4%s Mav 1. 1957-37 98 98*4 4%s Nov. 1. 1958-38 98 98*4 4%s Mav 1. 1942-32 98% 99% 4%s Jan. 1. 1943-33 98% 99% 4%s Jan. 1, 1953-33 93% 99% 4%s July 1. 1953-33 98% 99*2 4%s Jari. 1. 1955-35 98*4 99% 4%s Jan. 1. 1956-36 98V* 99% 5s Mav 1. 1941-31 100 100% 5s Nov. 1. 1941-31 100 100% —Home Loan—--3s Mav 1. 1952-44 99.02 99.12 4s July 1, 1951 99.06 99.16 —Federal Farm Mortgage Corporation—--3%s March 15. 1964-44 99.28 100.08 The three latter auotations are in thir-ty-seconds. New York Bank Stocks <Bv Abbott. Hoppin & Cos.). Bid. Ask. Bankers 55 55% Brooklyn Trust 85 88 Central Hanover 124 125 Chase National 24% 25 Chemical 38% 40, National City 22** 23% Corn Exchange 45% 46 Continental 11% 12% Empire 17% 18% First National 1495 1010 Guaranty 317 320 Irving 15% la% Manhattan & Cos 27% 28% Manufactures 19% 19% New York Trust 96 97 Public 28*2 29*j PACIFIC GAS COMPANY REPORTS NET EARNINGS Utility Firm Income Amounts to 67 Cents a Share. Su Timet Special SAN FANCISCO, Aug. 15.—Net earnings of the Pacific Gas and Electric Company and subsidiaries for the six months ended June 30. 1934 amounted to 67 cents a share on 6.274.254 shares of common stock outstanding as of that date, as compared with earnings of 87 cents a share on 6.274.253 shares for the six pionths ended June 30, 1933, A. F. Hockenbeamer, president, stated today. Gross revenues of the system were $43,166,221 as against $42,552,942, an increase of $613,279. At the close of business on June 30, 1934, there were 6,274.254 shares of common stock outstanding in the hands of the public upon which 67 cents a share was earned in the first half of the year. Os these earnings 31 cents a share was earned in the first three months of 1934 and 36 cents in the second quarter. O June 30, 1933, at which time there was no gas litigation p>ending. there were 6.274,253 shares outstanding upon which earnings for the six months ended on that date were equivalent to 87 cents a share.

HOG PRICES UP 10 TO 30 GENTS AT CITY YARDS Cattle Market Unchanged: Vealers Strong at $7.50 Down. The sudden sharp upturn in porker prices, which started more than a week ago, was continued at the local stockyards today when prices ranged from 10 to 30 cents higher than yesterday's advance. General run today moved around 10 to 20 cents higher, while light pigs and underweights ranged from 25 to 3Q cents up. Receipts estimated at only 4,000 were extremely light as in previous sessions. This has been attributed mostly to liquidation of hogs in drought areas and a seasonal decline in supplies. The bulk, 160 to 200 pounds, sold at $5.75 to 55.95, while 200 to 300 pounds, brought $5.15 to $6.05. Top price was $6.10, anew high since September, 1931. Light slaughter pigs, weighing 130 to 160 pounds, were salable at $4.75 to $5.25. Smaller kinds, scaling 100 to 130 pounds, cashed in from $3.50 to 54.50. Packing sows were selling at $4 to 5. Holdovers were 161. Cattle market remained mostly steady, with slaughter steers showing a slight change. Bulk of most steers sold at $6 down, while a single load brought $7.60. Receipts numbered 800. An increase of 50 cents featured trading in the veal market, with the majority of grades selling at $7.50 down. Receipts were 600. Weak undertone prevailed in the lamb market and prices were sharply 50 cents lower than the previous close. Ewe and weather classes sold from $6.50 to $6.75. Bucks were $1 less, while throwouts ranged at $3.50 to $5. Receipts were 1,500. Asking was generally 10 cents higher on hogs at Chicago, with bidding active at $6 down. Receipts were estimated at 14.000. including 5.000 direct and 1.000 holdovers. Cattle receipts were 10,500, including 500 government; veals numbered 2,000; market about steady. Sheep receipts were 11.000; market unchanged.

Aug. Bulk. Top. Receipts 9. ss.ls<fJ 5.35 $5.50 4,500 10. 5 3000 5.50 5 65 4,500 11. 4. 5 50 5 65 1.000 13. 5.40® 5.60 5.80 4.000 14. 5.55® 5.75 6.00 5 non 15. 5.75® 5.95 6.10 4,000 Market, Higher. (130-160) Good and choice....® 5.00® 5.25 —Light Weights—-<l6o-180) Good and choice ... 5.75® 5.85 (180-200) Good and choice ... 5,90® 5.95 —Medium Weights—-(2oo-220) Good and choice 5.95® 6.05 | (220-250) Good and choice ... 5.95® 6.10 j —Heavy Weights—-(2so-290) Good and choice.... 5.95® 6.05 (290-350) Good and choice ... 5.90® 6.00 —Packing Sows—(3so down) Good 4.65® 5.15 (250 lbs.) Good 4.50'S 5.00 (All weights) Medium 4.00® 465 —Slaughter Pigs—-(loo-130) Good and choice ... 3.50® 4.50 . CATTLE Receipts, 800; Market, Steady Good and choice $ 6.50® 8.75 Common and medium 3.00® 6.50 U.IOO-1,500) 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 (750-900) — 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, 600! Market. Higher. Good and choice ' $ 6.50® 7.50 Medium . 5.00® 6.50 Cull and common 2.50® 5.00 —Calves— Good and choice 4.50® 5.50 Common and medium 2.50® 4.50 —Feeder and Stocker Cattle— Good and choice 2.50® 5.00 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 1,500s Market, Lower. Lambs. 90 lbs. down, good and choice $ 6.50® 7.00 (90-110 lbs.) Good and choice. 6.00® 6.75 (90 lbs. down) Com. and med. 4roo® 6.00 —Ewes— Good and choice 2.00® 3.00 Common and medium I.oo® 2.00 Other Livestock (By United Press) CHICAGO. Aug. 15.—Hogs—Receipts, 14,000, including 5.000 direct; market active to 25 cents higher than yesterday’s close; 210-320 lbs., $6®6.10; top, $6.15 (highest since September. 1931); 170-200 lbs., $5.50 ®6; pigs. $4.50 down; packing sows, largely $5®5.25; light lights, 140-160 lbs., good and choice, $5®5.60; light weight, 160-200 lbs., good and choice, $5.40'u6: medium weights. 200-250 lbs., good and choice. $5.90® 6.15; heavy weights. 250-350 lbs., good and choice. $3.90®6.]5: packing sows. 275-550 lbs., medium and choice, 54.25® 5.35; slaughter pigs. 100-130 lbs., good and choice. $3.75® 5. Cattle—Commercial 10,000; 500 government. Calves, 2.000. Better grade weighty steers strong to shade higher on shipper account. Comparable grade light cattle steady with common and medium grades dull and weak. Mostly steady on fat yearling heifers with grassy and warmed-up kinds weak to lower. Verv dull trade again on fat cows. Only cutter kind selling $2 down getting action. Most steers and vearlings $6 to SB. Early tops medium. 58.90. Slaughter cattle and vealers: steers. 550-900 lbs., good and choice. $5.50 <n 8; 900-1.100 lbs., good and choice. $5.504< 9: 1,100-1,300 lbs., good and choice. $5.75 ®9.25; 1.300-1.500 lbs., good and choice. $6,254/ 9.50: 550-1.300 lbs., common and medium. $2 25® 6.25: heifers. 550-750 lbs., good and choice, $4.504* 6.75; common and medium, $2.25® 4 50; cows, good. $2,754/4: common and medium, $24/2.75: low cutter and cutter. $1.25® 2; bulls, vearlings excluded. good beef. $2.75453.50; cutter, common and medium, s2®3; vealers. good and choice. $5,254/6.40: medium. s3®s 25: cull and common. $2.50'/3: stocker and feeder cattle: steers. 550-1.050 lbs., good and choice. $4 25® 5.25: common and medium, $2.50®4. Sheep—Receipts. 11 000; bulk lambs slow, undertone weak to lower; bidding 25 cents off. active around $7 for best; most earlv bids $6.60 downward; range lambs absent; sheen steady: native ewes. $2 to $2.75: slaughter sheep and iambs lambs, 90 ibs. down, good and choice. $6.10® 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. (By Times Special) LOUISVILLE. Aug. 15. —Cattle —Receipts, 200; supply light; demand fair: qaulity generally plain: market mostly steady on ail classes: bulk common to medium steers and heifers. s3® 4.50; better kinds quotable $5 to around $6: bulk beef cows. 52.50 ®3: good kinds so $3 50; lov cutters and cutters. $1 ® 2 25: sausage bulls practically absent, based on previous sales this week Quotable $2 504/3 for the bulk; bulk desirable Hereford stockcrs. $44/5. accordirg to weight and quality: common to medium grade native stockers and feeders. $2.50 0 3 50. Calves—Receipts. 400; market, steadv: bulk better vealers. $5 50® 6: medium and lower grade vealers and heavy grass calves. $4.50 down. Hogs—Receipts. 600 - 20 cents higher: top and bulk desirabe 210-300 lbs. $6 10: 185-205 lbs., $5 90 305 lbs. up. $5 40 160-180 ibs. $5.10; 145-155 lbs . $4 75; 120-140 lbs.. $3.35: sows. $3 85. erassv and unfinished hogs subject to a discount. Sheep—Receipts. 1.300; market not established; early talk and indications 25 cents lower on lambs: bulk better truckedin ewe and wether iambs. $6 25® 650 choice lonefcaul and overnight lambs $6 75: few strictly choice higher: bucks discounted: most throwouts. $4 down; bulk fat ewes salable. sl®2: fewhigher - stock ewe trade slow, around steadv bulk of the ewes salable. $6 50® 750 per head: choice young ewes to $8 New Capital Increases Ba Timet Special NEW YORK. Ang. 15—New capital in the United States, including refunding financed bj 7 corporations during July, reached an estimated total of $161,249,300 against $13,688,680 in the preceding month and $74,520,650 in the corresponding 1933 month.

Treasury Will Consider Expanding Silver Money

U. S. May Take Over Metal Held by Stabilization Fund. BY MACK JOHNSON Unitrd Prrss Staff Corrrspondrnt WASHINGTON. Aug. 15.—The United States treasury will soon consider plans to take over the estimated 60,000.000 ounces of silver now held by its $2,000,000,000 exchange stabilization fund for the purpose of further expanding its issue of silver money. It was believed the silver would be taken over by the treasury at the cost price to the fund, reported in the neighborhood of 45 cents an ounce. Most of it was believed acquired in New York and London, although treasury officials refuse to reveal the extent of the purchases. Issue New Notes It was unknown whether the stabilization fund would continue to act as purchasing agent for government silver in the future. The fund was expected to play an important part in view of the desire of treasury officials to purchase their silver secretly in order to obtain it at the lowest possible cost. Under the silver purchase act, the treasury is required to purchase nearly 1.300.000,000 ounces more silver to bring its stocks to a third those of gold as is provided under the law. Secretary Morgenthau Jr., indicated new silver certificates would be issued against stabilization fund silver upon the basis of cost. This applies to newly mined, nationalized and silver purchased under the 1934 silver purchasing act also. An $80,000,000 issue of notes upon the legal monetary value of $1.29 cents an ounce is already rolling from government presses based on 62.000.000 ounces of old silver stocks prior to June 14. Predicts Speedy Increase Meanwhile, people throughout the nation were bringing their silver into the mints under the nationalization order to receive an arbitrary price of 50.01 cents an ounce. Morgenthau said the response thus far has been slow but predicted a speedy increase. Except for the $80,000,000 issue, Morgenthau said, the difference between the cost of the metal and $1.29 an ounce on all subsequent issues will be added V the nation's monetary stock. This, he explained, will be carried on treasury’s books and held as silver bullion in the treasury’s general fund. TEXTILE ACTIVITY DIPS Mill Operations in July 9 Per Cent Under Similar 1933 Month. Si/ Timrs Special CHICAGO, Aug. 15.—Activity in textile mills in the United States in the first six months this year was approximately 9 per cent below the same period last year according to Textile World. The low point in activity came during June when organized curtailment plans under the NRA were effected, causing activity to drop almost 50 per cent below the similar 1933 month. On Commission Row —Aug. 15— Quotations below are average retail prices being offered to buyers by local commission house dealers. Apples—Fancy Delicious. $2 25; Transparents. [email protected]. Peaches—lnidana. Elbertas. bushel. $2.25 5T2.50. Plums—ltalian. *% bushel, $1.50. Oranges—California Sunkist. $5.23: Valencies. $4.75. Lemons —Sunkist, $6.50<>i6.75. Grapefruit—Florida seedless, $4 25^4.50. Cantaloupes—lndiana, bushel, $1.&1.50. Pears—Caravos, $2.50 a box. Watermelons—2s® 50c. Bananas—Pound. sc. —Vegetables— Sweet Corn—Home grown, doz., 20c. Cabbage—Eastern, 2%®3c a pound. Celery—Michigan, boxes. 51.25: medium, doz.. 45c. Onions—Washington yellow. 50-lb. bag, $1 65; California whites, $2.25: homegrown, $1.25*0:1.30. Potatoes—Eastern Cobblers. 100-lb. Bag. $1.85; Kentucky Cobblers. $1.60: Idaho Russets, 100-lb. bag. $2. Sweet Potatoes —Tennessee Nancy Halls, $2.25; New Jersey. Alabama, $2.50. Beans —Round stringless, bushel. $2.50; flat stringless, bushel. S2. Beets—New, 30c a dozen Carrots—Home-grown, bushel. $1.50; doz., 35c. Cauliflower—lOc-lls, crate, $1.75®2. Lettuce—Outdoor. 15-lb. basket, 85c; head lettuce, crate, $4®4.50. Peas—California, hamper, $2.70. Radishes—Ohio, doz. hunches, 50c. Spinach—Home-grown, bushel, 65c Tomatoes—Home-grown, 10-lb. baskets, 35c; bushel. $1.50.

CHICAGO FRUIT MARKET (By United Press) CHICAGO, Aug. 15—Fruit and vegetables: Apples—Michigan Duchess, busheis, 85® 90c, best. Cucumbers—lllinois bushels, sl4/1,50. Tomatoes—lllinois lugs, 50® 90c Sweet potatoes—Tennessee bushels. $1.50 4/1.70. Peaches—Georgia bushels, $1,254/ 2.50. Lettuce—California crates, $2.75® 3.50. Cabbage—Wisconsin crates. sl4/1.40. Cherries—Michigan, 16 qts.. red sour. $1.75. Canteloupes—lndiana bushels. 65®. 70c. Corn—lllinois sacks. 4 doz. yellow. 254/ 60c. Carrots—California crates. $2 35 4/2 50. Peppers—lllinois bushels. $1.50®, 1.75. Eggplant—lllinois bushels. Sl® 1.25. Pears —Michigan bushels. 75c® $1.50. Celery—Michigan crates. 50c® sl. Western crates cauliflower. $1.25® 1.50. Onion market (50 lb. sacks i—California yellow. $1.15: California whites. $1.50® 1.75: Washington Valencias. $1®1.10; lowa yellows, 90c; Indiana whites, $1.50. Produce Markets Delivered in Indianapolis orlces; Heavy hens, 11c Leghorn hens,* 3c. 1934 broilers. 2 lbs. and over. 13c Leghorn broilers 1% to 2 lbs. and over lie bareback broilers 10c; old roosters. sc. ducks and geese. 3c; young guineas. 20c; old guineas, 15c; No. 1 strictly fresh country run eggs, loss off 15c. Each full case must weight 55 lbs. gross; a deduction of 10 cents a pound tor each pound under 55 lbs. will be made. Butter—No. 1, 30® 31c. Butterfat, 23c. Quoted bv Wadlev Company. (By United Press) CHICAGO. Aug. 15. —Eggs—Market, unsettled: receipts 4.811: extra firsts 20%c: fresh graded firsts. 19%c: current receipts. 16® 18c; dirties No. 1. 16c: No. 2. 12c. checks, 15c. Butter—Market, steady; receipts, 10,759: ex'ra firsts '9O-91% score/. 26c: extras <92 score'. 25%®25%c; firsts 88-89% score . 23%®24%c: seconds %687% score'. 224, 22%c; specialy 27%4/ 27**c. Poultry—Market, weak; receipts, 72 trucks. 2 cars due; fryers, 14%®18%c broilers. 14%® 15c Leghorn. 14c: geese. 7 4/8c: turkeys. 14c; old roosters, B%c; her..'. 13® 15c: black chicks. 10® 12c; barebacks 13c: cocks 8c: Leghorn cocks. 9c: colored springs. 16c: White Rocks, 17®!8%c: Plymouth Rocks. 19c: ducks. 8® 9c: coiored Plymouth Rocks. 16c; Leghorns, 10c. Cheese —Twins. 13 % ® 14c: Longhorns. 14%® 14%c; daisies. 14®14%c. Potatoes —Supplv light: trading slow: market, steady; Idaho Russetts. $1.55® 1.70: combination grade. $1.35: Idaho Triumphs. $1.57%® 1.70: Wisconsin Cobblers sl3o® 135: Wisconsin Triumphs, 51.65® 1.75: Nebraska Triumphs. $1.55. Arrivals. 23; on track 116. shipments 291. NEW YORK Aug. 15 —Po’atoes—Dull; Long Island. 50c®$105 bag New Jersey 60c® $1 bag Southern. 40®50c bag Sweet Potatoes— Firm: Jersey baskpy $1,254/2 50 Southern bb! . slso® .$ Southern baske’ 6<ic 2 Dressed Poultry—Firm: turkeys. 11® 32c: ch'ckens 9 ,28c. broilers. 15 :/22-: canons, 25® 35c: fowls. 94/19c: duck?, 10® 13-gc: Long Island ducks. li%® :sc. Live Poultry—Firm: geese. 64,7 c. turkeys. 10® 15c: roosters 10c: ducks. 8® 14c: fowls. 14 ®lßc broilers. 12® 22c. Cheese—Firm; state whole milk fancy to specials. 18%® 19c: Young America. 154, lo%c. Butter - Receipts. 17.676 packages, market, s’eady creamerv higher than extra 1 28% 4,29 c extra '92 score). 28c; firs 7 '9O to 91 score'. 274/ 27%c: first 'BB to 89 score'. 24%® 25%c: seconds. 23%®24c Eggs—Receip’s. 25.350 cases; market, firm; special packs, including unusual hennerv selections. 2® 26%c. standard?. 22® 23c; firsts, c; seconds. 19®19%c: jnediums, 18‘aC; di ts. 18%c, checks, I6s*7c.

GOODYEAR REPORTS NET INCOME OF 52.617.197 Profit in First Six Months Equal to 53.44 a Preferred Share. B’J l im< * >preial CHICAGO. Aug. 15 —Consolidated net income of the Goodyear Tire and Rubber Company in the first six months of the current year amounted to $2,617,197 after all charges as compared with a net loss of $738,036 in the first six months of 1933. The profit in the first half this year is equivalent to 53.44 a share on 759.720 shares on the company's $7 no par preferred stock. Paul W. Litchfield, company president, in making the report also announced sales during the period amounted to $70,808,502 against $51,481,898 in the corresponding 1933 period.

COMMODITY PRICES ADVANCE 9 POINTS Eight of Fourteen Groups Rise During Week. Si/ Timex Sptrial WASHINGTON. D. C . Aug. 15. Wholesale commodity prices again showed substantial gains during the week, according to the index of The National Fertilizer Association. Tills index advanced nine points during the week ended Aug. 11, rising from 73.1 to 74.0. During the preceding week the index advanced eight points. A month ago it was 72.0 and a year ago 66.5. During the week eight of the fourteen groups in the index advanced, not one declined, and six showed no change. Foods, grains, feeds and livestock, textiles, miscellaeous commodities, building materials, metals, fats and oils, and fertilizer materials were higher. The largest gains were shown in grains, feeds and livestock, fats and oils, and textiles. Prices for forty-eight individual commodities advanced while only seven declined during the week. This is the largest number of advances and smallest number of declines in many months. A week ago there were thirty-seven advances and sixteen declines. Two weeks ago there were twenty-two advances and twenty-six declines. Cotton advanced three-fourths of a cent a pound.

Marriage Licenses Earl Hoppes. 30, Holton, salesman, and Beulah Heaton. 20. of 109 East St. Clair street, masseuse. Elmer Schaekel. 33. of 1911 Hovt avenue, machinist, and Mary Glover. 2,. of 1200 East Forty-second street, teacher. Ora Halfaker. 53, of 916 North Chester avenue, contractor, and Tract- Crist, 46. of 84 West Home street, stenographer. George Moss, 69. of 2408 Indianapolis avenue, no occupation, and Lucy Cross. 55. of 2408 Indianapolis avenue, housekeeper. Morris Jackson. 27, Charlottesville, factory worker, and Mary Brooks. 25. of 2438 Broadway, office worker. Andrew Weir, 61. Shelburn, farmer, and Ida Weir. 59. Indianapolis Girls School, housekeeper. Lester Shue 28. of 33 East Raymond street, can company, and Susie Winter. 30. of 1021 North Alabama street, multigrapher. Roy Johnson. 24. of 2133 Bosart avenue, landscaper, and Forest Jenkins, 24. of 2133 Bosart avenue, housekeeper. Jesse Canter, 18. of 2012 Reformers avenue, laborer, and Anna Worton, 17. of 344 Miley avenue, housekeeper. Robert Monroe. 31. of 1161 North Warman avenue. Dresser, and Florence Speece. 33. of 1605 West Ohio street, waitress. Arthur Amt. 25. of 1402 Leonard street, teacher, and Ellen Meinzen. 23. of 1224 Laurel street, stenographer. Harry Kwiker, 36. of 3761 North Meridian street, salesman, and Mae Lane. 24, of 3761 North Meridian street, housekeeper. Carroll Flovd. 32. of 724 Prospect street, laborer, and Francis Jeffries. 30. of 724 Prospect street, housekeeper. Glenn Boling, 25. of 2156% College avenue. baker, and Bonita Hunt. 22. of 904 East Forty-ninth street, housekeeper. Charles Ashbaugh. 21 Chester. W. Va.. clerk, and Helen Hoff 31. of 901 Orchard Grave avenue, clerk. Richard Stout. 20, Sheridan clerk, and Martha Hutchen. 21. of 270 North Pershing avenue, saleslady. Victor Roeppe, 21. of 3863 East Washington street, florist, and Dee Duncan of 841 East drive. Woodruff Place, hosiery workThomas Husted, 22. of 1937 North Rural street, laborer, and Lena Clavton. 17. of 251 Christian street, housekeeper. Ralph Born. 25, Ft Wayne, garage worker, and Dorothy Bradv. 22. of 622 North Bosart avenue, housexeeper. Births Girls John and Doris Stevenson. 245 South Oakland. Harley and Margaret Grever. 932 North Kevstorie. Joe and Sadie Weiseman. 905 South Capitol. Carl and Charlott Koons. 1824 Spann Raymond and Lula Cook. 531 North Pershing William and Mae Keller. 167 Geisendorf. Joseph and Iva Whltter, 468 South Ritter. Lon and Ruth Pyland, 253 South Keystone. Booker and Mary Seats, 1545 North Arsenal John and Pearl Hill, 2102 Prospect Leonard and Sarah Bruce. 637 South Meridian. James and Blanche Scott. St. Vincent's hospital. Porter and Helen Wallace. St. Vincent’s hospital. Louis and Antionette Cappola. St. Vincent's hospital. Maurice and Berniece Hinkle. St. Vincent's hospital George and Norma Diven, St. Vincent s hospital. Boy* Fred and Eiizabe’h Paiham. 1325 Reisser Roy and Hilda Sourh. 907 East Market Charles and Florence Metzger. 1517 De Loss. Herbert and Leota Percy. 1712 Tabor. Charles and Ethel Esamann. 1445 Reisner George and Rose Austin, 1247 Charles Roosevelt and Georgia McCloud. 810 Darnell. Sherman and Francis Nott, 512 North Noble Wa/ter and Martha Blankenship, 1026 Fast. Georgia Joseph and Elia Graves, 923 West Twenty-eighth. John and Lura Kimblev. 4911 Ralston. Burton and Hattie Allen, 958 North Pershing. T;m and Minnie Kevs. 2240 North Arsenal. Clavton and Nancy Willingham. 149 Blake. Charles and Anna Lawrence, St Vincent'* hospital Walter and Florence Garson. St. Vincent's hospital Walter and Thelma Ray. St. Vincent's hospital. Chester and Erschel Tinney, St. Vincent’s hospital. _ Leslie and Laura Lamb. 5119 Sangster. Twins Wal’er and Martha Blankenship. 1026 East Georgia, girl and boy. Deaths Leonard E Traub, 53 St. Vincent's hospital, appendicitis Henry Kann 74. Marott hotel, arteriosclerosis. Violet Marion Ca vender. 1 mo., citv hospital acute enteritis. Stanley Sullivan. 2 mos.. 624 Coffey. entro colitis. Pauline Warren. 55. of 3966 North Capitol. carcinoma Michael J Decency. 75. of 1435 Marlowe. acute nephritis. Anna Ruby Carver 28 days, city nospi*a’. acute en 7 <*ritis. Charles C. Urban 82 Methodist ho:--prai lobar pneumonia. Mary Eberhardf. 73. of 529 West Morris. cerebral hemorrhage Mary ane Posey. 92. of 5024 English chronic myocarditis Daniel R. MacGregor. 75, Methodist hospital chronic myocarditis. Charlotte M. Bush. 73. of 145 East Nineteenth. acute nephritis. Macv W. Malott. 69 of 4258 Washington boulevard, coronary thrombosis. James Edwar Hadley. 54. ol 1843 Quill, myocarditis. Mollie Carter 79. of fS Cameron, chronic myocarditis.

PAGE 13

WHEAT DROPS ON WEAKNESS AT LIVERPOOL December Delivery Slumps Nearly 2 Cents: Corn, t Oats Lower. BY HARMAN \V. NICHOLS I nitrei Press Staff Correspondent CHICAGO. Aug. 15.—Depressed by weakness at Liverpool und Rotterdam and the uncertainty of Washington developments, wheat eased off sharply on opening of the Chicago Board of Trade today. Wheat started \ to 1% cents lower; corn was off % to 1% cents and oats dropped % to 1 cent. Rye was off \ to 1% cents. Selling developed in the early market and it was not until December wheat had dropped to around $lO3, nearly 2 cents below Tuesday's close, that the decline was checked The market appeared fairly well sold at this point and considerable support developed. The principal influence on the wheat pit was world news. There appeared a desire to sell on the bulges and reinstate at lower levels. Cash Grain INDIANAPOLIS —Aur. 14— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, oasis 17% cents to over. Wheat—Weak: No 1 red. !)2',T93c; No. 2 red. 91 92c: No 2 hard. 92:93c Corn—Strong: No 2 white. 72<73c; No. 3 white. 71 .'72c: No. 2 vellow. 701771 c; No. 3 vellow. 69/, i 70c No. 2 mixed. 69(i*70c; No. 3 mixed. 68 < 69c Oats—Steady: No. 2 white. 45/.; 46c; No. 3 white. 44',< 45c. Hay—Steady. <F. o. b. countrv points taking 23%c or less rates to Cinelrianti or Louisville). No. 1 timothy. MS® 13.50. —lnspections Wheat—No. 1 red. 1 car; No 3 red. 2 cars; No. 2 hard, 1 car; sample. 1 car; total. 5 cars. Corn —No. 2 white, 5 ears: No 3 white. 6 cars; No. 4 white. 4 ears; No 2 vellow 21 cars: No 3 vellow. 33 cars: No 4 vellow. 8 cars: No. 6 vellow. 1 cars: total. 78 ears. Oats No. 4 white. 1 car: total, 1 car. Rvc—No. 1. 1 car: No. 2, 1 car; total. 2 cars. Local Wagon Wheal Citv grain elevators are paving 89 cents Tor No. 2 soft red wheat Other grades on their merits Chicago Futures Range —Aug. 15— Wheat— Prev. High. Low 10:00. close. Sept 1.01% 1.00% 1 01% 1.02% Dec 104% 103 1 03% 104% May 1.07% 1.06% 107% 1.08 Corn— Sept ,75% .74% .75% .75*4 Dec 78% .77% 78% .78% May 83 * * .81% .83% .83 I Oats— Sept 49% 48% 43% 49% Dec 51% .50% 51 .51% May 53*4 53% .53*a .53*4 Rye— Sept 84% .83 84% .84% Dec. 87% 86 .87% .87*4 May 92*4 .91% .92% .91% Barley— Sept .. .71% .71% Dec 70*4 .71 CHICAGO PRIMARY RECEIPTS —Aug. 14— Bushels. I Wheat 739.000 844.000 Corn 1.834,000 2.200,000 , Oats 243.000 256.000 ißv United Press) CHICAGO. Aug 14 —Cash grain: Wheat —No. 2 red. $1.05: No. 3 red, $1.02%; No. 1 hard. $1.10; No. 2 hard. slo9%'a 1.10%; No. 3 hard. SI.OB (weevily) No. 2 mixed, $1.07%. Corn —No. 2 mixed. 77%0 78 1/ 4C: No 6 mixed, 75%c; No, 2 yellow', 74 %®> 78%c; No. 3 yellow. 76/,/78f; No. 4 yellow, 75%4? 77%c: No 6 yellow’, 74e. Oats—No. 2 white, 51 1 2 '<i 52c; No. 3 white, 49%</fl 51c; No. 4 white 49c; sample grade, 48c. Rve—No 2. 88c. Barley—No sales auotable. 63c<f>$1.05. Timothy- $16016.50. I Clover Seed—sll.so® 16, Cash Provisions— Lard $8.27; loose. $7.65; leaf. $7.62; bellies, $11.55. TOLEDO, Aug. 14—Grain close: (In elevators, transit billing) Wheat—No. 2 red $1.01%® 1.02%. Corn—No. 2 vellow, 79'%<80%c. Oats—No. 2 white. 52<<-i 53c. Rye-No. 2. 86f< 87c. 'Track prices. 24%C rate). Wheat—No. 1 red, 97%<q98%c; No. 2 red. 96%<i7 97 %c. Corn—No. 2 vellow, 75® 76c; No. 3 vellow, 74*7/75c; No. 4 yellow, 73® 74c. oats—No. 1 white, 50® 53c; No. 2 white. 49®51c; No. 3 white 47©50%c. NEW YORK. Aug 14.—Wheat—No. 2 red. $1.13%: No. 2 hard winter. $1.18%. Corn —No. 2 mixed. 81%. Oats—No. 3 white. 60c. ST LOUIS. Aug. 14.—Wheat In fair demand. 1 to 1% cents higher on red and % cent higher on hard; No. 2 red. $1.02; earlv, $1 at close; No. 1 hard. $1.09%; No. 2 hard. $1 07; No. 2 mixed. $1 08%. Corn in fair demand. % cent higher: No. 2 vellow. .78* 2 c; No. 2 white. Bc. Oats in limited demand. 'A cent higher; No. 3 white. 49%c. BUTTER HOLDINGS DROP Supplies on Hand Aug. 1 Totaled 108,742,000 Pounds. St) I imr.i Special CHICAGO, Aug 15.—Holdings of butter on Aug. 1 totaled 108,742,000 pounds, slightly lower than estimates of Chicago Mercantile Exchange traders which ranged between 110.000,000 and 111,000,000 j pounds. The total is 42,192,000 pounds under the same date a year previous. Egg holdings also showed a decline, dropping 558,000 cases below j the same date last year. Frozen egg • supplies, however, totaled 121,506,000 ! pounds, an increase of 13,846,000 ! pounds over last year.

CAR PRODUCTION DROPS National Auto C. of C. Announces 15 Per Cent Decline in July. By 7imes Special NEW YORK, Aug. 15.—Automobile production by members of the National Automobile Chamber of Commerce during July totaled 194,356 units, according to an estimate of the chamber, a drop of 15 per cent under the previous month but 10 per cent above the same month last year. Production in the first seven months of the current year, on the basis of the estimate, totaled 1,472,832 units, a gain of 50 per cent over the corresponding period last year. Business Failures Decline By Timet Special NEW YORK, Aug. 15—Dun <& Bradstreet reports business failures in the United States in the week ended Aug. 9 totaled 209 as compared with 220 in the preceding week and 349 in the corresponding week last year. Moderate First Mortgage Loans on Improved Indianapolis Real Estate l’he Indianapolis Morris Plan Company Delaware and Ohio Sts. RI-1536 @BE SAFE loatiri* Your Car Today State Automobile Insurance Ass’n. LLMn^Ttt^loor^ccidenial^ldj.