Indianapolis Times, Volume 46, Number 86, Indianapolis, Marion County, 20 August 1934 — Page 8

PAGE 8

Wall Street New York City Considers Raising Relief Funds Through Lottery. —BY RALPH HENDEKfsHOT— Tin* StMlil FiauKiil Writer

IN seeking a ay to raise money for relief work the City of New York appears not only to have found a way to get around the lottery law. but it also would seem to be headed toward the establishment of a precedent In financing procedure which will attain widespread popularity.

Hendershot

ame manner as currency, but they would not be registered Every month, according to the plan, fifteen of the bonds would be called for redemption at SI,OOO each. In other words, the lucky holders of the certificates called for redemption would receive SI,OOO for a $25 investment. Those still holding certificates at the end of the fiftv-yc-ar period would receive $75 each for them. No interest would be paid, but the lottery provisions and the higher repurchase price would make the cast to the city about 1.75 per cent for its money. bub \ TTORNEYS who have been consulted on the plan say it does not conflict with the lottery law. It is not at all unusual for bonds to be called for redemption before their maturity, and a premium above cost price is paid in almost every such instance. That this premium is very small compared with what this plan calls for is important but not necessarily prohibitive. Bankers in Wall Street have been consulted on the feasibility of the scheme and have placed their unofficial okay on it. They said they thought it would work out well as a relief proposal, but that they would not recommend it as a genera! method for municipal financing. The fact that It is different and untried j would in itself make them rather hesitant. • B B B T F $60,000,000 of the bonds were issued there would be 240,000 of the bonds outstanding. That w*>uld mean that the holder of each one of the m would have one chance in 16.000 each month to be the holder of a lucky bond. That probably is a much better break than is afforded in the sweepstake tickets and other lotteries of that sort, and then there is always another chance each month. And on top of that those who receive no prizes would 1 get back $75 for each $25 bond in fifty years—if they lived that long. Imagine the fun a $25 bond would afford a person during a lifetime. The chances are that if the city of New York goes through with this plan, other cities will follow. And then It is quite possible that corporations also might fall in ling. In the end the investor probably would , be spending the greater part of his time watching for lucky numbers. It would be like a continuous game of roulette. A person like Henry Ford or John D. Rockefeller would have his hands full collecting his prizes, j But it would be so much more fun than holding foreign bonds or real estate certificates in times like these. SANGAMO NETS $35,004 IN FIRST HALF OF 1934 Profit Compar.'s With Heavy Losses in Last Two Years. Bv T’mes Special CHICAGO, Aug. 20.—Net profit of $35,004 in the first half of the current year is reported by the Sangamo Electric Company of Springfield. 11l . according to a report by R. C. Lanphier. president. All of the profit was earned in the second quarter, a substantial loss being reported for the first quarter. Heavy losses have been reported by the firm for the last two years, but Mr. Lanphier reports that a profit w as made in July and approximately all la id-off empioyes have been put back to work. A profit of $79,565. basing she pound at $5. was made during the six months by Bntish-Sangamo. 71 per cent owned by the Springfield concern. Mr. Lanphier reported. Sangamo Company Ltd.. Canada, also showed a profit, he announced. MARKETING AGREEMENT APPROVED BY WALLACE License Also Issued for Handling of California Dried Prunes. By Cmtrd Press WASHINGTON. Aug 20.—Henry A. Wallace, secretary of agriculture, recently approved a marketing agreement and license for California dried prunes. Both become effective at once. The agreement limits the quantity of prunes which handlers may buy direct from growers and provides for adjustment of the total supply available for shipment during the marketing year. . Handlers will be required to grade all prunes received from growers. A control board and a growers' committee will be set up under the agreement. In the Cotton Markets —Aue it—- • CHICAGO High. Lew Close January 13 53 13 38 13 41 Mirra 13 42 13 50 13 S3 Slav 13 TO 13 5$ 13 81 October 13 39 13 18 13 30 Dfffmwr 13 45 13 31 13 35 NEW YORK January 13 41 13 38 IS 3t Mirra 13 54 13 40 13 Slav 13 60 13 57 13 47 Jaw IS 85 13 50 13 59 Oc oDff 13 35 13 08 IS 08 Der-mbOT 13 39 13 31 11 31 HEW ORLEANS Jr-srf 13 3t March 13 48 13 38 13 39 May IS 61 . IS S3 13 53 Juiv 13 49 October IS 21 13 05 13 96 IXC.4BOM 13 38 13 31 Oil

STOCK MARKET IRREGULAR IN DULLTRADING Gains, Losses About Evenly Balanced for Narrow Range. BY ELMER C. WALZER l/nited Ptw Staff Correspondent NEW YORK. Aug. 20—Prices continued to move in a narrow range with dealings dull on the stock exchange today. Gains and losses of mall fractions balanced each other off at the outset. Volume continued light in the later trading. Steel issues were steady to firm. United States Steel opened at the previous close of 33. but later eased off slightly. Bethlehem gained slightly to 27 Announcement of a drop in steel operations failed ?o affect the marltrt. as traders had been expecting the drop. Gams of one-eighth point were i noted in Radio Corporation. Standard oil of New Jersey and Chrysler. Losses of the same amount were noted in General Motors. Standard Brands, International Nickel, and North American. United Aircraft rose % point to 15', while Du Pont gained % to 89% and American Smelting % to 37 the widest changes on the opening. ■ • Rails were steady to firm with Atchison up 3 at 47%. Oils held near the previous clase as did coppers. Small demand was noted for silver lsues. Building issues were up slightly. Indications in the early trading were the day would set anew low for trading in more than a decade. The Saturday session was the smallest short session since Aug. 12, 1923. Traders were awaiting results of the anticipated business improvement before making commitments. The German election and on influence on German bonds on the London Stock Exchange or on the local market. Money and Exchange INDIANAPOLIS BANK CLEARINGS —Au*. 20— roarings $1,665,000.00 Debits 4.303.000.00 FOREIGN EXCHANGE IBv Abbott. Hoppm 8c Co.I —Aug. 18— sterling England $5.09% Franc. France 0667% Lira Italv 0869 Beigias. Belgium 238) Mark. Germane 3976 Guilder Holland 6858 Peseta. Spain 1384 Krone. Norway 2560 Krone Denmark .2275 Yen. Japan 3023 Treasury Statement 'Bv United Press) WASHINGTON. Aug. 20—Government expenses and receipts of the current fiscal \ear to Aur 17. compared with the corresponding period of the previous fiscal year: This year. Last vear. Expen -es . 5 763.905 706 59 5478 623.801 68 Receipts... 404.427 543 24 287 035.830 29 Deficit 359 478 163 35 191.537.971 39 Cash bal... 2.236.536.417.71

A plan, which is now in advanced siages, calls for the issuance of about S6O 000,000 of new relief bonds. These bonds would mature in fifty years and be in $25 and e n o m:nations. They would be t r ansferable from one to another much in the

Investment Trust Shares ißy Abbott. Hoppin k Oo.) —Aug. 18— Bid. Ask American Bank Stocks Corp.. 1.01 105 American k General Sec A... 3 50 4.50 American k Inc Tr shares... 1.75 Basic Industry shares .. 2 86 2 92 Br.’ish Tvpe Inv Tr shares.. .32 40 Collateral Trustee shares A .. 400 412 Corporate Trust shares (old) . 1 82 1.88 Corporate Trust sharrs (new) 2 08 2.11 Cumulative Trust shares *... 3.52 3.60 Diversified Trust, shares A .. 625 Diversified Trust shares B . 687 712 Diversified Trust shares C .. 275 280 Diversified Trust shares D . 412 4.37 First Insurance Stock Corp.. .50 .87 First Comomr Stock Corp .. .52 .54 Fixed Trust Oil shares A... 7.25 Fixed Trust Oil shares 8... 6.25 Fundamental Investors 1nc.... 1.76 194 Incorporators Investments ...16,00 16 25 Land Bank Bond shares .... 1.14 127 Low Priced Trust shares .... 5.05 5.20 Mass Inv Trust shares 17 93 19 40 Nation Wide Securities . 2.94 299 Nor’h Am Trust shares (53 . 1 73 North Am Trust shares (55-56) 2 10 2.14 North Am Trust shares <sß> 2 10 2 15 Selected American shares 2.26 Sejeefptj Amfriean shares Inc 103 1.12 Selected Cumulative shares .. 5.99 Selected Income shares - -3 11 362 Std American Trust shares A 2 60 2.68 Trust Shares of America .... 2.52 2 58 Trustee Std Oil A 525 5 37 Trustee Std Oil B 476 485 U S Electric Lt k Pw A 11 00 11 25 Universal Trust shares 272 2.78

Daily Price Index ■Bv United Press) NEW YORK A\f. 17.—Dun * Brads’ ree' s daily wnchted price Index of •him basic commodities compiled for the United Press (1930-1932 average 100): Todav 118 32 Yesterday 118.74 Week ago 120 02 Month ago 114 83 Year ago 'Aug. 18) 100 97 1934 high 'Aug. 101 120 02 1934 low (Jan 31 ... 101.05 Copyright. 1934. Dun * Bradstreet. Inc.) Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. \ 25-cent carrying charge per ton will be added DOMESTIC RETAIL PRICES Antnraclte $13.50 Brazil Lump 5 90 Brazil Fgg 590 Brazil Mine Run 5 25 Coke. Nut Size 8 50 Coke. Egg Size .. 8.50 Indiana Forked Lump No. 4 and 6. 575 Indiana Ecg ... 5.75 KentuckT Lump. Group “B” 7 15 Pocahontas Lump 8 25 Pocahon’as Fcg 8 35 Pocahontas Mine Run 0 New River Smokies* 8 25 NET OPERATING INCOME SHOWS SHARP DECLINE June Reports of 147 Railroads Display $41,836,302 Total. Bp Timet Special CHICAGO. Aug. 20—Reports of 147 "Class A" railroads in the United States shows June net operating income amounted to $41,536,302, as compared with $59,831,302 in the corresponding 1933 month. In the first six months this year the 147 roads reported a net operating income totaling $225,803,916, as compared with $154,728,919 in the first six months last year. Operating revenue in June was $282,495. against $278,329,371 in June. 1933. Operating revenues for tfie six months were $1,629,897,101. acainst $1 415.322.702 in the first half of 1933. HARDWARE SALES RISE Wholesale Business Up 40 Per Cent in First Half of Year, NEW YORK. Aug. 20—O national increase of approximately 40 per cent, over the corresponding period of last year, is reflected in net wholesale hardware sales during the first half of 1934. according to Hardware Age These increases by districts are: i Cleveland, plus 42.7 per cent; Philadelphia. plus 30 per cent; Richmond. plus 45 per cent; New York. | plus 14 2 per cent; Atlanta, plus 43 6 per cent; Chicago, plus 43 per cent; : St. Louis, plus 29 per cent; Minne- , apolis. plus 49 per cent; Kansas City, plus 38 per cent: Dallas, plus 571 per cent, and San Francisco. | plus 41.8 per cent. <

New York Stocks ~Hv Abbott Hoppln k Cos ——“

AVERAGE STOCK PRICES FOR SATURDAY Net High. Low. Close, change. Thirty industrials 91.15 90.70 90.86 —.26 Twenty rails *74.56 34.31 34.36 —.28 Twenty utilities 20.17 20.06 20.13 -.07 Forty bonds .... 93.12 .08 Ten first rails .... W. 19 -.12 Ten second rails .... .... 75.52 +,15 Ten utilities .••• ~ 04 Ten industrials .... 97.37 -t-,10 -Off. - Up.

—Aur. 20— Prev. Oil*— Hißh. Low. 10 00. close. Amerada 47 5 . Atl Rfg 27-, Barr, aal! 6% Consol Oil ... 8% B’, Cont of Del 18 18% Houston mew) 3% 3 Mid Cont Pet 11% Pet Corp ... 9% 10'a Ohio Oil . • • 10> Phillips Pet ... 16H 16 5 . 16V 16 s , Plymouth Oil ... ••• 9% Pure Oil ... 8 Sbd Oil 26% Shell Un 7% Soc Vac 15 1 14% S O of Cal 34% S O of N J 44 5 , 44% Texas Corp .. ... . 23 s , Tidewater Assn. .. ... 101* 10% Steels— Am Roll Mills 16% 1614 Beth Steel 27 s * 27 | Inland Steel 37 37 i Mid Steel B'4 Natl Steel 38'2 38 1 a I Otis S’fi 414 . • Rep Iron k Stl 18’4 13 s * 13% 13% Ren Iron Ac Stl p 41 I U S Pipe <Sc Fdy. 19 s 4 , U S S’eel33 3 33% I U S S’eei pfd 79% YounßStn S k T 15% j Motors—j Auburn 19% Chrysler 32% 32% 32% 32% I Gen Motors 28% 29 1 Graham Mot 2 Hudson 7 3 8 Hupp .. ... 2 3 w 2' 2 Packard .. ... ... 3 1 - Reo 2% Studebaker * 33 Motor Access— Bendix 12% Bohn Alum 57 ‘/a Bore Warner ... ... ... ■ 0 3 4 Briggs 17 167 k 16 7 / l 7 Budd Wheel 2 s * Eiec Auto Lite-. .. ... .•• 18', a Houdaille A 3% . Mullins MfR pfd. 23 3 4 Murray Body 5% Stew Warner •• 6% Timken Det Axel .. ... 574 574 Mining— Alaska Jun 20'/* 20 Am Metals ..... .. ... • 19% Am Smelt .. ... 37 36% Anaconda 1274 i2% Cal k Hecla 3 s * Cerro De Pasco. .. ... 39 39 Dome Mines 43% Granby 77* Howe Sound ... . ... . 52 Int Nickel ... 25*a 25'2 2574 25% Isl Creek Coal.. . . 30 Kennecott Cop . 18% 18 5 4 18% 18% Mclntyre Mine. .. ... 47% 47 3 a Noranda Cop ... 42 3 * 42% Fark Utah 3% 3% St Joe Lead ... 17% U S Smelters.l32% 132 132% 132' 2 Vanadium i6% 1674 1674 17 Amusements— Loews Inc 27 26% Radio Corp 574 5% RKO 2'a 2'a Warner Bros 474 4 Tobaccos— Am Tob “A” ... 74 Am Tob ' B'' 7574 75% Gen Cißars 41'2 Line k Myers B 96% LoriUard 17% Reynolds Tob B 4574 457* Rails— Atchison 47% 4774 4774 47'a Atl Coast Lines 2i% B Ac O 15% Can Pac 137* 1374 13% 13% Ch A* Ohio 42% 42% Chi k Gt W pfd 47* 4*2 C M <fcSt P 37* 3 C M k St P pfd 4 7 a 4*2 Chi N W 57* 6 Chi N W pfd , IO7 8 Dela k Hud ... 3874 38 a Del Lac Ac W 15% Gt Northern pfd • 14;* N Y Cent . 21 3 4 20 7 * 2174 *O% N Y Chi Ac St L 12 N Y New Haven 974 9% Nor Pac • 18% Penn R R • „ 22% 22 2 Sou Pac 167* 1674 16 a 16*2 Sou R R 147-4 14% Sou R R pfd 17 /2 Union Pac ... 957* Equipments— Allis Chalmers 12**4 Am Steel Fdy 13'* Bald Loco 8 Case J I 38 74 Cater Tract 2i Oeere Ac Cos 147* 14% Elec Stor Bat 36 Gen Am Tk Car , 31 3 s Gen Elec 1874 18'2 Int Harvester. 23 3 * Pullman Inc 4174 Rem Rand 874 West Air B 18 Westßh Elec 3174 Utilities— Am Ac For Pwr 6 7 a Am Pwr AsLt - 4 3 , A T Ac T 11074 110*4 Am Wat Wks 16 16 Col Gas A: Elec. 8 3 < Com Ac Sou I*4 17* Consol Gas 2i7* 2i'a Elec Pr k Lt 4 E P Ac L pd 9 3 a int Tk T ... 1074 97* 9 7 4 10* Nat Pr Ac X.t 7 7 a So Cal Edison 13**4 137a Stone Ac Webster 67* 6 United Corp 4_ Un Gas Imp 14'* Ut Pwr A- Lit A 274 Western Union ••• 33 3 4 Rubber*— Ooodvrpr 21 7 U S Rubber 15 7 a U S Rubber pfd 367< Miscellaneous— Brklvn Man Tr 42 Conti Can 80 79*4 Curtis Pub pfd 82 3 4 Gillette ll 3 a 11 Glidden 24 7 a 24% Inter Rapid Tr 11*4 Ravbestos MfR... .. ... ... 184 Foods— Armour 'Ai ... ... 5 7 * Beatrice Cream'y 15% Borden Prod ... . 26 3 a Cal Packing 39 39*2 Can Dry G Ale 15 3 4 Coca Cola . . 135 Corn Prod 58% 57 s * 57i Cuban Am SURar .. ... . 7*4 Gen Foods 29*4 29 < 2 Gold Dust 17*4 17', G W Sugar 32*2 Loose W’tles ... 41 Natl D Prod 1674 17 S Porto Rico Sug333,4 3 , Snencer KeliOß ... ... 24’ 2 S’d Brands 19 3 4 19 7 8 Un Biscuit 24*/2 . United Fruit 72 Retail Stores— Rest A- Cos 32 3 4 . First Natl Stores 63*4 Gimbel Bros 3' 4 Hhn Depr Sts ... 4 Kreree S S 17% Kroger Groc 28 Mont ward 22 3 a 22 3 a Natl Tea ... ... iO% Safeway St 46 Sears Roebuck 34 34 3 a Aviation— Curtiss Wright. 3% Curtins Wr A B*2 Doug'as Air 18 Nor Am Av 3 s * ! Soeery Corn B*4 8* a i United Aircraft 15*4 14 3 4 j Wright Aero 43*, 42*, Chemicals—--1 Air Reduction 98 s * ! Col Carbon 66** 66* ! Com Solvents 19 19 [Dupont 89*4 88*4 I Freeport Tex 29 *, Math Alkali 27>' 27", Montosonta Ch 51*2 Natl Dis 'n*wi ist, i#i, Sehendev D*s .. ... 20* 2 n Tex Gulf Sulph 32 7 a t T n*on Carbide 41 41 r s Tndus A'co 36% Virg Ch 6"p pfd 17 Drugs— Cotv Tnc ... 474 4 7 a Lambert 23% Lehn k Fink 16', T*n Drue ... ... 12% Zontte Prod 4% Financial— Adams Exp ... .. ... 7 6% AllecVenn Corp 2*, m Int "Corp ..... ... ... 6% Chess Corp 39% Tehman Corp ... 66% Transamerica ... 5% Building— Am Radiator 13 13*■ Int Cement .. ... . 21*2 Johns Manville 43% .43 43*4 43*, Libbv Owens Gls .. "... ... 28% Household— Col Pal Peet 28% Kelvinator . .. ’ ... 12 3 i 12 3 , Proc & Gamble. 37% 37% Simmons Bed 10 Texti.es— Atr.tr Woolen B'* Relding Hem Celanese Corn 20 *4 20 7 Collins Aikman 11% Indus Ravon 22% Gas Refinery Prices Drop Bit 7 lutes Special CHICAGO. Aug. 20— All trade statistics show the weighted average for refinery pnee of United States motor gasoline in twelve refinery districts on Aug. 11 was 5.9896 cents : a gallon, a drop of 2.3 per cent from i the previous week but 5.5 per cent * higher than on Aug. 12, 1933.

WE INDIANAPOLIS TIMES

Chicago Stocks

—Aur. 20— B High Low 11:00 Barsthoff Brew Cos 5*4 Borg-Warner 21 Butier Bros 7% Cities Service . 1% Commonwealth Edison 48 47 48 Cord Corn • 3% Libbv-McNeil •. 6 T * 6% 6% Lion Oil Refining Cos . .. ... 4 Iron Fireman 14 Prima Cos 3% Swift kCo 18 177* 17% Swift International 36*,

Bond Prices —By Fenner k Beane ——

—Aug. 20— High. Low. 10:00. Alice Corp 5s 'SO 27% 27% 277* AmAiFor Pwr 5s 2030 . 52% 52 52 ATAtT db 5s 65 108 % B&O cv 4%s '6O 57*4 Beth Steel 5s A '36 ... . 103*2 Can Pac 4s '57 ... 78% 7874 78*2 ChMStPA-P adj 5s A 2000 87* 8 B*a ChMStP&P rs 5s A '75 27% Cons Gas NY 4%s 'sl 103 V, Erie RR rs 5s 67 , • 67 Goodyear 5s '57 10174 101 101 % Gt Nor 7s A '36 89% Interboro RT 5s '66 .. 74 73 s * ft McKess&Robb 5*2S 'SO . 80 % 80 80', Nat Dairy db s*,s '4B .. • 93', Penn RR 4*,s D 'Bl ... 95*4 95*2 95*2 •Poland 7s '47 117*4 1177* 117% Shell Un Oil 5s '47 99% Un Pac Ist 4s '47 107% 107% 107% US Rubber 5s A 47... . 84% Vanadium 5s '4l 84 83% 84 New York Curb (By Abbott, Hoppln k Cos.) ' —Aug. 18 — Close. Close. Alum Cos of Am 56 Imperial Oil Ltd 15% Am Cyanide B’ l7%Hud Bay Min.. 14% Am Gas k El 21'a Int Petrol 28% Am Superpower 2 jLibby McN Libby 6% Ass Gas k El.. % Lone Star Gas 5% Atlas Corp ... 8% Natl Bellas Hess 2*2 Can Marc 1* 8 Newmont Min.. 45 Cities Serv 1% St Regis Paper. 2% Deere & Cos • 14%Sherwin Wins.. 70’, El Bond k Sh 10% Std of Ind 27% Fisk Rubber . 8% Std of Ky 15% Ford of Europe 87a:Un Gas 2 Glen Alden Coal 20 Un Pwr &Lt A 2 Hiram Walker. 24% Wright Har Min 10 Humble Oil ... 137*1 U. S. GOVERNMENT BONDS 'Bv United Press) NEW YORK. Aug. 18 —Closing Liberties. (Decimals represent thirty-seconds). Liberty 3'4C (32-47) 103.15 Fourth 474s (33-38) 103.26 Treasury 4'4s-3'4s (45) 102.28 4%s (47-521 112.5 3%s (43-47) 103.24 3%s (41-431 March 104.10 3%s (40-43) June 104.12 3 *,s 1431 104.11 3'aS (46-49) 101.26 3s (51-55) 100.23

FEDERAL FARM LOAN BONDS (By Blyth & Cos., Inc.) —Aug. 20— Bid. Ask. 4s July I, 1946-44 99 99% 4s Nov. 1, 1957-37 97% 98*2 4s May 1, 1958-38 97% 98’* 4%s July 1, 1956-36 98% 99% 4**s May 1, 1957-37 98% 98% 4*,s May 1, 1.957-37. 98% 98% 4*lS Nov. 1, 1958-38 99% 100’* 4%s May 1, 1942-32 99*2 100*4 4%s Jari. 1, 1943-33 99% 100’* 4%s Jan. 1, 1953-33. 99 99% 4%s July 1. 153-33.. 99 .99% 4%s Jari. 1. 155-35 99% 99% 4%s Jan. 1. 1956-36 99’* 100*4 5s May 1, 1941-31 100% 100% 5s Nov. 1, 1941-31 100% 100% —Home Loan—--3s May 1, 1952-44 99.04 99.10 4s July 1, 1951 99.16 99.20 —Federal Farm Mortgage Corporation—3'*s March 15, 1964-44 .... 100.20 100.28 The latter three quotations are in thirty-seconds. New York Bank Stocks (Bv Abbott, Hoppln k Cos.) —Aug. 18— Bid. Ask. Bankers 56 56% Brooklyn Trust 86 88 Central Hanover 124% 125% Chase National 25 25% Chemical 40% 40*2 Continental 12 12% Corn Exchange 45% 46% Empire 17% 78 First National 1,540 1,550 Guaranty 318% 320% Irving { 15',4 15 % Manhattan k Cos 28 28% Manufacturers 19% 19*2 National City 22% 23'* New York Trust 95% 96 % Public 29 29% On Commission Row —Aug. 20— Quotations below are average, retail prices being offered to buyers by local commission house dealers. Apples—Fancy Delicious, $2: Transparents, $1.50(5?1.75. Peaches —Indiana Elbertas, bushel, $2.50. Plums —Italian, % bushel, $1.40. Oranges—California Sunkist, $5.25; Valencias, 54.25®5.25. Lemons—Sunkist. $6.50. Grapefruit—Florida seedless. $4.25(ff4.50. Cantaloupes—lndiana, bushel, $1.25© 1.35. Pears—Bartletts. $1.75, Watermelons—2sc. Bananas—Pound. sc. —Vegetables— Sweet Corn—Home grown, doz., 20c. Cabbage—Northern. 2%c pound. Celerv—Michigan, boxes, $1.10; medium, doz., 45c. Onions—Washington yellow, 50-lb. bag, $1.65: California whites, $2.25; homegrown. sl. Potatoes—Eastern Cobblers. 100-lb. bag, $1.85; Kentucky Cobblers, $1.85; Idaho Russets, 100-lb. bag. $2. Sweet Potatoes —Tennessee Nancy Halls, $1.90; Eastern Yellow Jerseys, $2. Beans—Round stringless, bushel, $2.50; fla* strineless, bushel. $2. Beets—New. 30c doz. Carrots —Home-grown. bushel, $1.50; dox.. 35c. Cauliflower—lOs-lls. crate. $1.90. Lettuce—Outdoor. 15-lb. basket. 85c; head lettuce, crate, $4(54.50. Peas —California, hamper. $2.50. Radishes—Ohio. doz. bunches. 50c. Spinach—Home-grown. 10-lb. baskets, 35c: bushel. sl. CHICAGO FRUIT MARKET (By United Press) CHICAGO. Aug. 20.—Fruit and vegetables Apples—Michigan Duchess bushels, 90c'5 sl.lO. Cucumbers —Michigan bushels, 75c *5 $1.25. Tomatoes—Michigan basket. 25c® sl. Sweet potatoes —Tennessee busnels. $1.50(51.60. Peaches—Georgia bushels,' s2® 2 50. Lettuce —California crates. s3*s 4 Beans—New Jersey green bushels. $1.50® 22.25. Cabbage—Michigan crates, $1 75® 2.25. Canteloupes—Michigan 'crates. 50c® $1.75. Corn—lllinois sacks. 35® 50c. Carrots—California crates. $2 25® 2.40. Peppers—lllinois bushels, mostly sl. Celery —Michigan crates. 50® 70c. Western cauliflower. $1.25® 1.35. Onion market 'SO-lb. sacksi—California yellows. $1.15® 1.25; California whites. $1 40<S. 1.70; Washington Valencias. $1 15®1.40; Indiana whites, mostly $1.50: Wisconsin globes. $1.15. VOTE SPECIAL DIVIDEND Quaker Oats Makes Extra Payment of SI on Common Stock. By Times Special CHICAGO. Aug. 20.—Quaker Oats Company directors have voted a special dividend of $1 a share on the common stock, in addition to the regularly quarterly dividend of $1 a share, the second special dividend of that amount this year. Regular quarterly disbursement of $1.50 a share on the 6 per cent preferred stock also was declared by the directors. Commercial Paper Increases Bj) Times Special CHICAGO. Aug. 20.—Total of commercial paper outstanding totaled $168,400,000 on July 31, an increase of $17,100,000 over the previous month, and the highest figure since November. 1930. New York Federal Reserve bank reports. Other Livestock ■Bv United Press> LAFAYETTE Aug. 20 —Market. 5 to 10c higher: 200-325 lbs. $6 65 5 6.70: 170-200 'ibs. $6 60 ® 6 65. 150-170 lbs . $5 85®6 55 130-150 Lbs. $5 35*,i 5.0: 130-150 lbs $3 35 ® 5.60: 120-130 Ibs. *4.85® 5 10: 100-120 lbs.. $4 10® 4 60: roughs, $5.75 down; top calves. $6 down. FT WAYNE. Aug. 20—Hogs—10c to 15c higher: 250-300 lbs. $6 85; 200-250 Lbs., $6 70: 180-200 Lbs . $6 60 160-180 Ibs . *6 50. 300-350 lbs $6 60 150-10 lbs . $5 85 140150 Ibs. $5 60; 130-140 Lbs. *5 35: 120-130 Lbs.. *4 85: 100-120 ibs., *4 60: rouges, *5 25; * 3 " 5 ’ Calves—Receipts, 7, iambs.

HOGS CONTINUE CLIMB TOWARD HIGHERLEVELS Ten-Cent Rise Sends Prices to Within Nickel of $7 Mark. Hog prices at the Indianapolis Union Stockyards continued on their upward rampage this morning, most weights ranging 10 cents higher than the best price in the previous session. Heavy weights which only a little more than a week ago were below* the $5 mark moved up to within striking distance of the $8 mark, bulk of the kir.d selling at from $6.85 to $6.90 with a few ranging as high as $6.95. Other weights increased accordingly, medium kinds advancing to prices of from $6.80 to $6.85, light weights at from $5.60 to $6.10 and light lights at from $4.35 to $5.35. Packing sows held at from $5 to $6. Receipts in the swine market totaled 4,000, and holdovers numbered 461. Cattle trading was fairly strong, receipts totaling 2,000, including 1.200 government stock. Slaughter classes held at steady prices. Steer trading was being done mostly on a few odd head which sold at prices under -$6. One load held up to $6.50. Heifers were of the type to sell under $5. Cows were mostly $2.50 to $3.75. with a few ranging up to $4. The veal market continued to hold firm, prices ranging from $7 downward. Receipts totaled 1,300, including 600 government stock. Lambs were steady to mostly higher, good ewe and wether kinds selling at prices ranging between $6.50 and $7, with a few small lots ranging up to $7.25. Bucks were $1 less. Throwout sheep brought prices from $3.50 to $5.50. Receipts totaled 1,000. Trading in hogs at Chicago held on about an even keel with the local exchange, prices being mostly 10 to 15 cents higher than in the previous session, weights of 220 to 300 pounds selling at from $6.65 to $6.75. Receipts were 19.000, including 6.000 direct. Holdovers numbered 1,000. Cattle receipts were 12.000 commercial and 5,000 government stock and calves receipts were 2.000 commercial and a similar number of government calves. The market was slow. Slow trading also prevailed in the sheep market, which had receipts numbering 12,000.

Aug. Bulk. Top Receipts. 14. $5.55© 5.75 $6.00 5,000 15. 5.75® 5.95 6.10 4.000 16. 6.20® 6 30 6.45 4.500 17. 6.60® 6.70 6.80 5.000 18. 6.60® 6.75 6.80 2.000 20. 6.85® 6.80 6.95 4,000 Market, Higher (140-160) Good and choice .. $ 5.85® 6.10 —Light, Weights—-(l6o-180) Good and choice ... 6.75® 6.80 (180-200) Good and choice.... 6.80® 6.85 —Medium Weights—-(2oo-220) Good and choice ... 6.85® 6.95 (220-250) Good and choice ... 6.85® 6.95 —Heavy Weights—-(2so-290) Good and choice ... 6 85® 6.90 (290-350) Good and choice ... 6.75@ 6.85 —Packing Sows—■ (350-425) Good 5.50® 6.00 (425-550) Good 5.00® 5.75 (275-550) Medium 4.75® 6.85 —Slaughter Pigs—-(loo-130) Good and choice ... 4.35® 5.35 CATTLE Receipts. 2,000i Market, Steady Good and choice $ 6.50® 8.75 Common and medium 3.00® 6.50 (1.100-1.5001-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 steersi 2.75® 3.50 Cutter common and medium.. 1.50® 2.75 VEALERS Receipts, 1,300; Market, Steady Good and choice $ 6.00® 7.00 Medium 4.50® 6.00 Cull and common 2.00® 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® 5.00 Common and medium 2.50® 3.50 (800-15001 Good and choice 3.50® 5.00 Common and medium 2.50® 3.50 SHEEP AND LAMBS Receipts 1000; Market, Steady. Lambs 90 lbs. down, good and choice $ 6.70® 7 25 (90-110 lbs.) Good and choice 6.00© 7.00 (90 lbs. down) Com and med. 4.00® 6.00 —Ewes— Good and choice 2.00® 3.00 Common and medium I.oo® 2.00 Other Livestock By United Press) CHICAGO. Aug. 20. —Hogs—Receipts. 19 - 000; butchers, 6.000 direct: holdovers, 1,000; market fairly active, butchers 10 to 15c higher; sows 25 to 35c higher than Saturday's average; top, s6.Bs; bulk. $6.65®' 6.80; bulk desirable packing sows, s6© 6.20: few butcher weights above; light lights, 140160 lbs., good and choice. $5.50 ©6.40; liglitweights, 160200 lbs., good and cnoice. $6.15© 6.70; medium weights, 200250 lbs., good and choice, $b.60©6.80; heavyweights. 250-350 lbs., good and choice, $6.40'®6.80 packing sows. 275-550 lbs., medium and choice, $4.75©6.25: slaughter pigs, 100-130 lbs., good and choice. s4© 5.50. Cattle —Receipts, 12,000 commercial; 5,000 government; calves, 2.000 commercial; 2.000 government; fat steers and yearlings. 25© 40c higher; active at advance; all grades weighty steers selling mostly upward; demand good, for all representative weights and grades; top. $9.75 on weighty steesr; bulk better grade heavies, $8.50® 9.50; best light Yearling steers. $8.50, yearling heifers. $7.25; most rang fed steers. $6.25®9; all cows 10© 15c higher; bulls strong to 10® 15c higher; vealers fuliy steady; select up to $7: very few stockers and feeders in run; slaughter cattle and vealers: Steers, 550-900 lbs , good and choice, $5.75©8.25; 900-1.100 lbs., good and choice, $6©9.25: 1.100-1.300 lbs., good and choice. 56.25®9 75: 1.300-1.500 lbs., gooS and choice, $7©9.25; 550-1.300 lbs., common and medium. $2.50® 7: heifers. 550-750 ibs , good and choice. $4.75®7.25; common and medium. $2.25® 5; cows, good. s3® 4.50; common and medium. $2.25©3: lowcutter and cutter cows, 51.25®2.25; bulls, good and choice. *[email protected]; common and medium. $2.50© 4. Sheep—Receipts. 12 - 000. lambs opening slow, indications fully steady; bidding upward of $7; initial bids under $6.75; few iamb weight yearlings at $5.75: sheep about steady; slaughter sheep and lambs: Spring lambs, good and choice, $6®7.15; common and medium. $4 25© 6.10; ewes. 90-150 lbs., good and choice, $2 ©3; all weights, common and medium. Si 40*i 2.50: feeding lambs, 50-75 lbs., good and choice. *5.50© 6. (By Times Special) LOUISVILLE, Aug. 20.—Cattle—Commercial. 1.100; government. 3.200. supply moderate demand; only fair, medium and lower grade steers and heifers 25c to in spots 50c lower than last Monday, or weak to 25c lower than the ciose of last, week; better grade steers and heifers, steady; beef cows generally steady; sausage bulls, steadv with last week's close, or 25c under last Monday; most earlv sales, common to medium grade grassy slaughter steers and heifers were from $2.73© 4 25: better finished steers and heifers, scarce and salable from $5 to around $6 for strictly good lightweight yearlings; bulk beef cows. $2 50 ©3; practical top. *3 25: some smooth kinds to S3 50: low cutters and cutters, *1©2.25: bulk sausage bulls. $2 25© 2.75; odd head desirable beef types, higher stockers and feeds, fully steady; bulk Hereford and Angus stockers of quality to sell from s4© 5. depending on weight and quality; common to medium grade natives, mainly 52.50413.50. Calves—Commercial. 900. including 240 stock calves: vealers. steadv with Fridav and Saturday; bulk better grades, *5 50©6: few strictly choice handvwelghts to $6 50: medium and lower grade vealers and heavv grass calves. $4.50 down. Hogs—Receipts 1 200. including 129 direct; 10c higher than Fridav and Saturday: top and bulk. 185-275 ibs SS 80; highest since mid-August. 1931: 280 lbs. up. $6 35: 160180 lbs. $6.10; 140-155 lbs.. *5 60: 120-135 lbs $4 10: sows. $4 60; grassy and unfinished hogs discounted. Sheep—Receipts. 2.200. including around 1 300 stock ewes: lamb supply light, quality generally plain; market not fully es’ablished. indications around steadv: bulk better trucked in ewes and wethers Saturdav. s6© 6 25; choice to $6 50; bucks discounted and most throwouts Saturday. $3 50© 4: fat ewes, unchanged at sl©2 few higher s’oek ewes moderately active and fully , steadv: bulk, $6®7.50 a head, some choice ' kinds to *B.

Securities Fluctuate in Narrow Range; Volume Declines During Week

Car Loadings and Steel Production Show Decrease As Electricity Output Strengthens; Retail Trade Outlook Favorable. BY ELMER C. WALZER l nitfd Press Financial Editor NEW YORK. Aug. 20.—Trading lagged and prices moved in a narrow range on the Stock Exchange last week, while United States government bonds and the dollar rallied, and commodities declined. Business indices dipped in many lines including car loadings, and steel production. Electricity output made a good showing, while retail trade gave indications of a pickup of large proportions shortly.

While rain allayed the drought difficulties somewhat, it came too late to do much good for the crops. Asa result there was widespread discussions of a sharp rise in the cost of food. The Dun & Bradstreet food index jumped sharply. A survey of the nation showed meats up as much as 33 per cent in some instances. Along the meat line, the hog market proved the sensation of the week. The top on hogs at Chicago reached $6.65 a hundredweight, against $5.40 a week ago, a gain of 23 per cent. Steers and lambs, however, eased slightly on the week. Silver Speculation Gains The pickup in the dollar with corresponding strength returning to government bonds was induced by permission of the government for a shipment of $1,000,000 in gold to Paris on a straight exchange transaction. That led foreign sellers of the dollar to cover. At the same time it made for confidence in the American gold bullion standard, for it showed plainly that the treasury was ready to sell as well as to buy gold at $35 an ounce. The silver cry toned down more and more as the week progressed until it was but a faint echo as the last session approached. The silver futures market was gone, but speculation in the white metal picked up momentum in London where the price made anew high since late 1929. A substantial export of the metal for the United States late in the week had a somewhat unsettling effect, but it was only momentary. Conservatives do not like the idea of the country paying out its gold for foreign silver. On the belief that Labor day would mark the end of the summer lull in business there was some accumulation in the so-called commodity stocks, but at no time was there enough activity to warrant public entrance into the market. Building Stocks Rise Building stocks had a runup when the government plan for loans for home modernization were made public. They leveled off later but held most of the gains. Local tractions again advanced on the same old talk of unification of lines. Packing stocks followed hogs into higher ground since the packing companies would profit by the rise in their inventories. Railroad shares had a brief setback when a court found against the roads’ petition for injunction against the pension bill. However, they rallied later and held small gains for the week. A sharp drop in steel operations had no visible effect on steel shares and they closed the week slightly higher. In the silvers losses were made by all issues. Gold mining issues held about steady although the price of gold moved erratically in London. Fertilizer Shares Prominent Fertilizer shares were prominent late in the week. Attention was directed to the group by the report of American Agricultural Chemical which showed a sharp gain over the previous year when a large loss was reported. The issue promptly made anew high and took up with it other shares in the fertilizer field. The farmers of the nation have been doing more concentrated farming under the reduced acreage schemes and have been large users of fertilizer. Official sales by days for the week ended Aug. 18 as compared with the preceeding week were as follows: This Week. Last Werk. Monday 809.1 (Mi 782,752 Tuesday 531.240 H(1H..)30 Wednesday 574.530 092,020 Thursday 010,110 1,417.192 Fridav ' 470,980 772.510 Saturday 104.000 310.190 Totals 31,165,900 4,583,194

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 Uc bareback broilers 10c; old -oosters, sc. ducks and geese, 3c; voung 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 for each pound under 55 lbs. will be made. But It—No. 1, 30®>31c. Butterfat. 23c Quoted bv Wadlev Company (By United Press) CHICAGO. Aug 20.—Eggs Market, steady; receipts, 4.323; extra firsts, 20*4C. fresh graded firsts. 19%c; current receipts, 16©18%c; dirties No. 1. 16c: No. 2,12 c; checks No. 1. 15c: No. 2. 12c. ButterMarket, steady; receipts. 11.433; extra firsts i9O-91' 2 score) 25Hc: extras '92 score), 26%c: firsts 'BB-89*2 scorei 24® 24%c: seconds iB6-87% score'. 2245 23c; specials, 27 % © 27%c; standards, 28% c. Poultry—Market, steady; receipts. I car, 16 trucks. 2 cars due; fryers. 14®16%c: broilers, 14© 15c: Leghorn. 14© 15c; geese, 7©Bc; turkevs. 14c old roosters, B%c; hens. 14® 16c: black chicks. 10®12c: barebacks. 13c. cocks. 8c; Legnorn cocks. 9c: colored springs, 16c: White Rocks, li® 18c'*; Plymouth Rocks. 19c. ducks, 8? 12%c: colored Plymouth Rocks. 16c, Leghorns. lie. cheese—Twins. 13©13%c; Longhorns. 13%®14c: daisies. 13*2© 14c Potatoes—ldaho triumphs. $1.80: North Dakota Triumphs. $1.75© 1.80; Colorado Triumphs. $1.90; Wisconsin Triumphs. SI. 70© 1.75: Wisconsin Cobblers. $1.40© 150- commercial grade. $1.35© 1.40; New Jersey Cobblers. $1.55© 1.60; Idaho Russetts $2. NEW YORK. Aug. 20 —Potatoes— Steadv; Long Island. 50c® $1.05 bag; New Jersey. 25c© $ 1 bag: southern, 25c bag. Sweet Fotatoes —Dull:' Jersey basket, $125©2 50: Southern barrel. SI 4.25: Southern basket. 25c© $1.75. Flour —Firm; springs: patents. $7 80© 8 bbl. Pork—Steady. Mess—sl9 75 bbi Lark—Steadv. Middle West Spot $6.25© 635 a 100 lbs. Grease—Firm: brown. 4 1 * -4% Ibs.; vellow 4* * ©4% lb.; white. 4*2® 4% lb. Tallow -Steady; special to extra, 4%@'*4% lbs. Hides—City packer steadv: native steers, 7%c. Dressed Poultry—Quiet: turkeys. 17©32c; chickens 9® 18c: broilers. 15©23c; capons, 25©35c: fowls. 9© 20c; ducks. ll®l3c%c: Long Island ducks, ll 3 *® 15c. Live PoultryQuiet: geese, 6© 7c; turkeys. 10© 15c: roosters. 10c: ducks. 8© 14c: fowls. 12© 13c: chickens 20® 25c: broilers 12® 23c. Cheese —Quiet: sta’e whole milk fancy to spcia!s. 19© 20c: Young America. 15® 15%c Butter—Receipts. 6 882 packazes: market, steadv to firm; creamerv higher than extras. 28%©29'c: extra '92 score', 28©28'c: first -90 to 91 score'. 27©27’*c. first 'BB to 89 score'. 25©26c; seconds. 24© 24* zC. Eggs—Receipts, 7.823 erses; market, firm: special packs including unusual hennery selections. 24®27%c: standards. 22® 23c': firsts 21c; seconds, 19®19%c: mediums 18©18**c; dirties, 18©18%c; checks, 16© 17c. CLEVELAND Aug 20— Butter—Marke-*. firm extras. 31c: standards, 31c. Eggs Market, steady; extra white, 22c; current receip’s lgc: ordinary firsts. 14c. Poultry Market steadv: colored fowls. 4*2 lbs and up. 16* 2 c; old roosters, 10c; ducks, white 5 lbs. and up 13c. Potatoes—Long Island. 81.4C6 1.45 a 100-lb. bag.

Plumbing Permits Joe Canning 558 Wilkins: two fixture*. Mason-Schenck. $248 Kenwood; three fixtures. James Florence, 1930 Arrow; two fix* tuxes.

DOLLAR PURCHASING POWER SHOWS DROP Common Stock Investment Value Off 16.5 Per Cent. £.(/ l imes Special NEW YORK, Aug. 20.—The purchasing power of the dollar invested in common stocks declined in July, according to the monthly analysis of Administrative and Research Corporation, its decline for the seven months ending July 31 being 16.5 per cent as compared to a decline of 9.3 per cent for the six months ending June 30. Wholesale commodities, as measured by the labor bureau's wholesale commodity index, at the end of July 30. On Dec. 30, 1933, the index was stood at 74.7 against 74.8 on June 70.8. The decline of the purchasing power of the dollar held in cash therefore over the seven months’ period was 5.2 per cent, which compares with a 5.3 per cent decrease for the six months’ period ending June 30. With a decline in common stocks, as measured by the Dow Jones industrial averages, to 88.05 on July 31, from 95.72 on June 30, and 99.9 on Dec. 30, 1933, the purchasing power of the common stock dollar showed a loss of 16.5 per cent over the seven months’ period. This compares with a 9.3 per cent loss at the end of the six months’ period. The Dow Jones bond averages at the end of July stood at 93.42 against 84.60 on Dec. 30, 1933, and 94.74 on June 30 of this year, indicating an increase of 4.6 per cent in the purchasing power of the dollar invested in boncts at the end of the seven months’ period, as compared to a 6.1 per cent for the six months’ period ending June 30.

BEET CROP REDUCTION CAUSED BY DROUGHT Yield Expected to Surpass 1934 Quota, However. By United Press WASHINGTON, Aug. 20.—The sharp reduction in the sugar beet crop as a result of the drought will have no effect on quotas established by the Jones-Costigan act, John E. Dalton, chief of the AAA sugar section, said today. It was pointed out that there is a large carryover of beet sugar and that estimated production from the current crop will total 20*000,000 bags more than the 1934 marketing quota of 29.087,200 bags. Dalton said this excess would be normal carryover next Jan. 1, and that no real shortage would be evident unless a small crop is harvested in 1935. ZINC PRODUCTION GAINS World Output Rises to 98,831 Short Tons During July. By Times Special CHICAGO, Aug. 20.—American bureau of metal statistics reports July world zinc production totaled 99,879 short tons as compared with 98.831 short tons in June and 95,188 short tons in the corresponding 1933 months. Production in the United States totaled 25,143 tons against 25.143 tons in June. Stocks in the United States on July 31 amounted to 97,682 tons as compared with 99,689 tons at the end of June. SEARS SALES INCREASE Total in Seventh Fisral Period Reaches $20,284,116. By Times Special CHICAGO, Aug. 20.—Sears, Roebuck & Cos. sales in the seventh fiscal period of the current year from July 17 to Aug. 13, inclusive, advanced 5.8 per cent over the corresponding period last year, totaling $20,284,116 against $19,179.932. Total sales for the seven periods of the year, from Jan. 30, to Aug. 13 amounted to $160,923,616, a gain of 25.6 per cent over the total of $128,170,522 in the similar 1933 period. Buirk Sales Decline By Times Special DETROIT, Aug. 20.—Buick dealers, according to W. F. Hufstader, general sales manager, had domestic retail sales totaling 2.044 cars in the first ten days this month as compared with 2,635 cars in the last ten davs of July and 1.235 cars in the first ten days of August, 1533. Construction Awards Decline By 1 imes Special NEW YORK, Aug. 20.—Construction awards in thirty-seven eastern states during the month of July totaled $119,098 as compared with $127,116 in the previous month and $82,554,400 in July of last year. Railway Earnings Climb By Times Special NEW YORK. Aug. 20.—Canadigj} Pacific Railroad Company in the second week of August had gross earnings totaling $2,265,000 against $2,157,000 in the corresponding period of 1933.

Government Bonds Home Owners’ Loan Corporation and Municipal Bonds BOND DEPARTMENT The Union Trust Cos. of Indianapolis 120 E. Market RHey 5341

AUG. 20, 1934

BETTER DEMAND SENDS FUTURES PRICESUPWARD Heaviest Buying in Months Registered: Foreign Trade Strong. BY HARMAN W. NICHOLS ( nitrd Prr* SlafT Corre*pondfnt CHICAGO, Aug. 20.—Improved demand for cash wheat and the nearby futures months, coupled with a stronger foreign market, today advanced prices on the Chicago Board of Trade. Wheat was % to % cent higher, oats was % cent off to % cent up, com was unchanged to h cent up, rye was up % cent. Traders believed the wheat market was in a position to reflect the better demand and the known shortage in this crop. Buying was heaviest in the near months. Liverpool opened 1% cents higher and other foreign markets likewise showed a better tone. Corn was in good demand and the market steady. The buying in cash corn likewise was a big factor in this market. Oats maintained a strong undertone, but was lacking in interest. Rye. which made the best gams of iast week, was firm, December new quotable at 87 % cents, up cent. Chicago Futures Range —Aur. 20— Wheat— Prey. High. Low. 10:00. close. Sept 1 04% 1 03% 1 04% 1 03% ! Dec 1.05% 1 04% 105% 104% May 1 07% 1 06% 1.07% 1 06% Corn— Sept 74% .74% .74% .74% Dec 77% ,78'j .77 .78% May 80 .79% .79% .79'* Oats— Sept 50% .49% .50% .49*'* Dec .51 .50 * s .50% 50% I May 51 % .51% .51% .51% Rye— Sept. 84% .84% .84% .84% Dec. 87*2 .87 .87% Bfi% May 91 .90% .91 .90% BarleySept 81 % .81 .81% .80 Dec. 77 .75% 77 .74% The above quotations are for new options. CHICAGO PRIMARY RECEIPTS —Aue. 18Bushels Today Last Wee* Wheat 795 000 791.000 Corn 1,296,000 1.856.000 Oats 200.000 287.000

Cash Grain

INDIANAPOLIS —Aur. 18— The bids for car lots of srain at fh* call of the Indianapolis Board of Trade, f. o. b., shipping points, basis 17',a cent* to river. Wheat—Strong. No. 1 red, 92©93c; No. 2 red. 91®92c; No. 2 hard. 92®93c. Corn—Firm: No. 2 white 70®71r: No. 3 white. 69®70c: No. 2 yellow. 68®69c; No. 3 vellow. 87®68c; No. 2 mixed. 67® 68c; No. 3 mixed, 66®R7c. Oats—Firm No. 2 white, 45%®46%c; No. 3 white. 44%® 45%c. Local Wagon Wheat City grain elevators are paying 90 cents for flo. soft red wheat. Other grades on their merits. (Bv United Press) CHICAGO. Aug. 18—Cash Grain: Wheat —No. 3 red, *1.02*2© 1.04%; No. 4 red. $103; No 2 hard. $1,000) 1.10; No. 2 mixed. $1.03®1.07%. Corn —No. 2 mixed, 75%c; No. 2 vellow. 75%@76%c: No. 3 vellow, 75%c; No. 4 vellow. 74%®75c; No. 5 yellow, 74%c; No. 2 white. 76%c. Oats—No. 3 white. 50%®51%c; No. 4 white. 47%©s 48%c; sample grade. 4Bc. Rve —No salps. Barney—Unquoted Timothy *l7® 18. Clover Seed—sl2© 16.50 Cash Provisions: Lard—*B.42; loose. $7.90: leaf. SB. Bellies —512.05. TOLEDO Aug. 16.—(1n elevators. Transit billing) Wheat—No. 2 red, 103 ©1.04. Corn —No. 2 yellow, 78%©79%c. Oats—No. 2 white. 52%®53%c. Rye—No. 2 86'2®87%c. 'Track prices, 24%e ratei. Wheat—No. 1 red, 99%©$li No. 2 red, 98* a ®99c. Corn—No. 2 yellow, 74%c: No. 3 yellow, 74@74%c; No. 4 yellow, 73©73%c. Oats—No. 1 white. 50%®53%c! No 2 whit* 49%®51%c; No. 3 white. 47%©50%c. ST. LOUIS. Aug. 18 —Wheat in fair demand. red 1 % to 2 cents higher and hard I*2 cents higher; No. 2 red. $1.02%; No. 3 red $1.01: No. 3 red garlicky, 96c; No. 2 hard. $1 08'2 nominal; No. 2 mixed. SI.OB. Com—No. 2 white, 79c; No. 3 white, 78c. Oats—ln fair demand, steady.

Births Boys Melvin and Pauline Duncan, 215 Wes* Walnut. Eugene and Daisy Lewis, 2410 Cornell. Norman and Ruth Bray, 1436 Bradbury. John and Alice Choat, 253 Detroit. Marion and Mona Loveless, 960* 2 Cedar. Paul and Caroline Hargltt, Bt. Vincent * hospital. George and Urith Gill, St. Vincent* hospital. Earl and Bernadine Cofleld, St. Vinvent's hospital. Cornelious and Esther Keyler, St. Vin* cent's hospital. George and Martha Halverson, St. Vin* cent's hospital. Charles and Mary Simon, St. Vincent'* hospital. Lowell and Mildred Kindred, city hos* pital. William and Anna Godfrey, city hos* pital Kenneth and Joyce Reynolds, city hospital. Harold and Laura Reynolds, city hospital. George and Corrine Haywood, city hospital. Edward and Hazel Hoffman, city hospital. Posey and Carrie Marlin, chv hospital. Harry and Catherine James, 629 Langsdale. Carl and Clara Lee, 1215 South Sheffield. Girls Julius and Mary Thompson, 313 West Forty-second Crystal and Frances Briscoe, 541 West Twenty-fifth. Herman and Emma •Miller, 865 shawFreeman and Lucy Harron, 1901 North Capitol. Anderson and Cable Williams, 951 North Milev William and Rose Taylor. St. Vincent'6 hospital Harold and Mildred Broekinp, St. Vincent's hospital. Enoch and Metzie Burton, St. Vincent * hospital. Kenneth and Lillian Fisher. St. Vincent * hospital Orville and Helen Case, citv hospi’al. Earl and Flora Emmert, 1406 North Warman Wilbur and Dorothy Mollenkopf, 843 North New Jersey William and Crystal Mendenhall. 925 King. Deaths Shafia Himes. 51. of 1112 South Capitol, broncho pneumonia. Charles Fremont Hamilton 77. Methodist hospital eardio renal vascular disease Robert Caseldine, 1, Riley hospital, miliarv tuberculosis Elia Tavlor Wilson. 77, Methodist hospital. multiple embolism Mary Conkom. 61, of 3636 Birchwood. carcinoma Charles C. Hinshaw. 47, of 341 Holmes, parenchymatous nephritis Morris Michaels, 75. of 1724 Asbury, carcinoma. Neater Charles Babay, 64, city hospital, carcinoma Lee Blunt, 53. city hospital, chroniO myocarditis. More than 88.000,000 young trees for planting were distributed by state forestry departments last year.