Indianapolis Times, Volume 46, Number 87, Indianapolis, Marion County, 21 August 1934 — Page 16

PAGE 16

Wall Street Fraudulent Stock Sales Persist Despite U. S. Efforts. —BY RALPH MENDERSHOT

Tim* **eil finsnrial Writer IT U brcnming apparent after a *- practical test that the government is not gettine very far in preventing the sae of fraudulent securities or m stoppme wide swings in stock prices. And its failure is ra i'ing the powers that be in Washington no little concern, according to all accounts.

There is nothing in the securities act to prevent the sale of questionable stocks 50 long as a prospectus is filed with the federal trade c o m m i ssion carrying all of the facts and figures prescribed by the law. And what is of still more concern vendors of such

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'-lock are in a position to put across the idea that sanction of registration statements is the equivalent of government apparoval and sanction. While it is true that at some later date those who have disposed of securities in which lasses have been incurred may be faced with recovery suits, what will it benefit purchasers if they find they ran not follect? They probably then will turn their fire on the govprnmrnt. maintaining they have been kidded again. And Wall Street will b' 4 blamed once more, as a matter of course. a a a THE securities act has thrown a real scare info the larger and more responsible Wall Street underwriting concerns. They are so i afraid to move that they are r\pt even offering good securities for fear of passible dangers. In that respect the law goes even beyond the point of protection. But the fellow who has nothing to lose and everything to gain is not concerned. He has the field to himself, and he is making hay while the sun shines. That the securities act and the more recently enacted exchange regulation measure are unable to prevent wide space swings In the stock market and consequent losses to investors is indicated by the sort of market we have been experiencing recently. When it began to look as if the Austrian trouble might develop into something really dangerous prices dropped sharply and many people were forced out. with heavy losses. a a a \ CCORDING to Washington ad/Y vices, the offices of the exchange commission were literally | swamped with letters and telegrams j asking for explanations. Congress- i men and other Washington execu- j tives likewise flocked to its offices i lo find out what it was all about. Most of the inquirers wondered howsuch a thing could happen in view of the new legislation. The trouble, of course, was that they were not familiar with the practical operations of the market. They thought someone was raiding the market, when, as a matter of fact, investors merely were frightened and were disposing of their stocks at a time when other investors werp equally frightened and did not wish to buy. When there is no demand prices can drop very quickly in value. And at such a time the absence of speculators who are willing to take a chance is more harmful than helpful. The only way the government could help in such a situation would be for it to go into the market with buying orders, and. quite rightly, it is not prepared to do that. PROPOSALS FOR HUCE WHEAT POOL DISCUSSED Control of Exports, Prices Planned by Drafting Committee. /tv t nit' .I I'r, LONDON. Aug. 21.—Proposals for a gigantic international wheat pool to control exports and prices provided a sensation yesterday at a session of the drafting committee of the world wheat conference. Plans for the super pool were pre-.-ented by representatives of the seven major wheat-producing countries involved in a session at the United States embassy. The meeting lasted three hours and a half. Some details of the scheme were permitted to become known. A fixed percentage of the worlds exports of wheat would be diverted to the pool as a reserve. The committee will meet today in an attempt to draft by-laws which will be submitted to the interested governments. N. Y. Coffee Sugar Futures rorrri: —Aur 20——Sant®*— High. Lev Close Ma.cS .. lt.es IP 93 11 00 Mar 11 09 11 03 11.0" Julv 11 12 A-otemder 10 93 IP *6 10 90 December 11 00 10.95 10 96 —*i®— Januirv 8 09 Marcn .. 822 814 814 Mav 8 15 8 29 8 20 Julv 8 JO 8 25 8 25 September 8 oc *95 T 95 December 8.12 8 05 8 0S Altar High. Low Close J a r. u a nr ITS 177 177 March 1 83 1 82 1 82 Ml* 1 88 1 87 1 88 Julv 1 93 1 92 1.82 M .... 1 71 1.68 i• December 1 78 1 76 1.76 In the Cotton Markets— Aur. 2®.— CHICAGO Hieh Lev Close January 13 52 13 41 13 32 March 13.65 13 52 13.65 Mav 13 75 13 81 13 75 October 13 32 13 20 13 32 n-ctrrser 13 47 13 34 13.47 NEW YORK Januarv 13 48 13 33 13.4* Marc* .... 13 60 13.46 13 59 Mav 13 66 13 53 13 68 Julv 13 77 13 59 13 96 Or-ober 13 27 13 12 13 25 December 13 43 13.2* 13 41 NEW ORLEANS -v |t.f) M.-irca IS 58 IS 49 13 58 Mav 13 51 13 50 13 51 • ' *6 Or .he- IS 25 13 09 13 23 l><--ai*er 13 41 11.26 IS 39 Hu Rate* Reduced ft v T <■' Aprrlof CHICAGO. Au* 21—The Minnerpolls c.ty council has announced a reduction of approximately 5 per cent m gas n:e* following approval cf agreement with the Minneapolis Gas L*g,hl Company.

STOCK MARKET UP 3 POINTS; VOLUME GAINS Railroad Shares Featured as General List Turns Upward. BY ELMER C. WALZER t nited Pres Financial fditnr NEW YORK. Aug. 21.—Railroad share* featured early afternoon dealings on the stock exchange. Gains ranged above 3 points. The general list was strong with substantial advances in all sections. Trading slowed down in the third hour after running more than three times faster than yesterday's dull pace. Sales to 1 p. m. totaled 380.000 shares against 140.000 shares in the corresponding period yesterday. Atchison sold at 50%. up 3'*; Union Pacific 98'2, up 2%; Chesapeake A: Ohio 43%, up l', and New York Central 22. up 1%. There was nothing but rumors to account for the rise, with one to the effect the government had been presented a plan to take over the roads. Goodyear was up more than 2 points. Electric Auto-Lite featured the automobile equipments, rising nearly 2 points. Howe Sound and U. S. Smelting were sharply higher. ! Packing issues were bid up with j hogs. Johrs Manville held a 2 ; point gain in the building issues.! Automobile issues, steels and oils were higher. Money and Exchange INDIANAPOLIS BANK CLEARINGS Aug. 21. Clearings *2 472,000 00 | Debits 4 164.000.00! FOREIGN EXCHANGE 'Bv Abbott. Hoppln & Cos i —Aug. 20— Close. | Sterling England *5 08% Franc. France 0666’’* Lira. Italv 0863% Be I gas Belgium 2376 Mark. Germany 40 16 I Guilder. Holland 6852 Peeta. Spain 1383 Krone Norwav 2559 Krone. Denmark 2275 Treasury Statement •By United Press l WASHINGTON Aug 21.—Government expenses and receipts of the current fiscal Near lo Aug. 18. compared with the corresponding period of the previous fiscal year: This Year Last Year Expenses . $ 776.512,119 52 SSOO 961.363 61 Rereipts 409,777.932 57 293.213.122 66 Deficit 366.734.186 95 207.748 240 95 Cash bal .. 2.227.833.584 67 Investment Trust Shares ‘Bv Abbott. Hoppin &, Cos. —Aug. 20Bid. Asx. American Bank Stocks Corp . 1.00 1.05 American <fc General Sec A- 3.50 450 American A: Inv Tr Sh 1.75 Basic Industry Shares 2.85 2.91 British Type Inv Tr Sh ... 32 .40 Collateral Trustee Shares A 4 00 4.12 Corporation Trust Shares • old> 1.80 1 86 Corporate Trust Shares (newi 206 209 Cumulative Trust Shares 3.50 3.a3 Diversified Trust Shares A 6.25 Diversified Trust Shares B .. 6.87 7.12 Diversified Trust Shares C 2.72 2.78 Diversified Trust Shares D .. 4.12 4.37 First Insurance Stock Corp .. 50 .87 First Common Stock Corp .. 52 .57 Fixed Trust Oil Shares A ... 7 25 .... Fixed Trust Oil Shares B 6.25 .... Fundamental Investors Inc . 1.74 1.92 Incorporators Investments 16 00 16.25 Land Bank Bond Shares .... 1.14 1.27 Low Priced Trust Shares 5.03 5.18 Mass Inv Trust Shares 17.80 19.33 Nation Wide Securities . .. 2.92 2.37 North Am Trust Shares (53t.. 1.72 No Am Trust Shares (55-56).. 208 2.12 North Am Trust Shares (58).. 208 2.13 Selected American Shares . 224 Selected American Shares Inc 1.02 1.11 Selected Cumulative Bhares . 6.94 . . Selected Income Shares 3 08 3.50 Std American Trust Shares A 2.60 268 Trust Shares of America 2 50 2.56 Trustee Std Oil A 5.25 537 Trustee Std Oil B 4 73 4 83 U S Electric Lt A Pwr A .... 1100 11.25 Universal Trust Shares 2.70 2.78 Daily Price Index 'By United Press) NEW YORK, Aug 20.—Dun A Bradstree/s daily weighted price Index of thirty basic commodities compiled for the United Press 1930-1932 average. 100': Today . 119.3! Friday .. . 118.32 Week ago 118.12 Month ago 114 87 Year ago lAug 21 • ... 101.54 1934 high <Aug 10> 120.02 1934 low ijan 3) 101.05 I 'Copyright. 1934. Dun A Bradstreet. Inc.i Retail Coal Prices I'he following prices represent quotations from leading Indianapolis coa! dealers. A 25-cenr carrying charge per ton will be added DOMESTIC RETAIL PRICES Anthracite 813.50 Brazil Lump 590 Brazil Egg 5.90 Brazil Mine Run 5.25 Coke. Nut Size 8.50 Coke. Egg Size 8.50 Indiana Forked Lump No. * and 6 5.75 Indiana Egg 5.75 Kentucky Lump. Group *'B" 7.15 Pocahontas Lump 8 25 Pocahontas Peg 8.35 Pocahontas Mine Run i .0 New River Smokless 8 25

Bright Spots 'Bv Abbott. Hopptn <& Cos.) “

Passenger car registration* in the United State* during Jttlv are estimated 230 000 units, anew record for the current rear. Ssfewav* Store* for the four weeks ended Aug. 11 report sale* totaling *lB.5X1,1.11, a* compared with *11.287..318 in the corresponding period last ear. California crude oil production for the week ended Aug. 18 averaged 508.400 barrels dailv. Marriage Licenses Carl Walters. 48. of 121 North Denny street, pattern maker and Lola Waggoner. 35 of 444 East Market street, housekeeper. Marvin Shuck. 20 of 2240 North La Salle stree - gas attendant, and Mary Andrews, 17. of 3513 Kenwood, housekeeper. Samuel Johnson. 33. Louisville radioman and Violet Adams. 21. of 5623 East Sixteenth street bookkeeper John Simpson. 24 of 2704 South Belmont stref. meat cutter and Minnie Barbee. I*. of 237 Douglas street, housekeeper. Robert Roberts. 30. of 610 South Temple avenue factory worker and Viola Boltor. 26. of 1405 Naomi street, factory worker. Osborne Dowden 22. Oden miller, and Ne',l Bowman. 19. of 1226 North Illinois street, housekeeper Albert Kellr. 32. Eastgate hotel, police off.cer. and Bernice Clow 30. of 2347 North Gale street, stenographer Virgil Wtncll. 22 of 26 North Holmes avenue chemist, and Helen Davis. 21. of Ohn street, housekeeper. Granville Vest 44. New Palestine, farmer. and Rose Horman, 40. of 837 North Drexei avenue, housekeeper. Russell Eos. 32 of 322 South Harlan street, baker, and Eunice Kirkwood. 24. of 743 South State avenue, housekeeper. Raymond Wheeler. 34. of 112 Souih Belmont street, clerk, and Wilma Lambert. 21. of 106 South Belmont street, beautician. Clvde Clegg 28 Lafavette. laborer, and Lola Lane 19. of 1928 Commerce street. clerk Marvin Bradley 20 of 611 North Pennsvivania s'reet. bookkeeper, and Mable Morris. 19 of 611 North Pennsylvania stteet. stenographer Louis Hu'chtngs 22 of 346 White River avenue. laborer, and Leonora Mayfield. 20 of 566 King avenue, housekeeper William Brown Jr 22, of 1517 Vest Pruit’ street, electrician, and Helen Mock. 20 of 1423 Herscneil avenue factory worker Ait in Creager 46 Colon. Mich, engineer, and Martha McClure 43, of 4740 East Washington street, nurse. Franc.s Hopper. 25. of 562 North Highland avenue, knitter and Fave Pittman, 27 of 902 South East street, housekeeper. H*nrv Herreil. 34 of 4509 College avenue livestock buyer, and Dorothy Parker. 21. of 3435 College avenue, stenographer. Earl Eggcrs 18 of t§o9 Miller street, ruck drtter. and Fave Scaggs, 16. of 1809 Miller street, housekeeper. Frank Cummins. 21. of 1637 English avenue, painter, and Mary White. 18 of 2811 West Sixteenth street, housekeeper Edward Robertson. 24 es 928 Moreland even e. truck driver, and Lois Rackley. 17. of 4*l Centennial street housekeeper Wilbert Miller. 21. of 618 Terrace avenue, I messenger. and Gladi* Yannev 20. of 1631 WooCawa avenue, macn.ne operator.

New York Stocks * v Abbott. Hoppln & Cos ““ ~

AVERAGE STOCK PRICES FOR MONDAY” Net High. Low. Close, change. Thirty industrials 91.02 90.08 90.44 —.42 Twenty rail* 34J3 34.48 34.54 +.lB Twenty utilities 20.21 20.03 20.10 -.03 Forty bond* •••■ 98.11 —.Ol Ten first rails * •••• 100.86 .07 Ten second rails ................. .... ... <5.52 same Ten utilities •••• 98.84 -.0,3 Ten industrials .... 97.22 —.15 -Off. -Up.

-Aug. 21Prev , Oil*— High. Low 10 00. close All Rfg 24'a 24% 24% 24 Barnsdall ?% Consol Oil ,J a Cont of Del 1* 18 Houston ) new 3% Mid Cont Pet ll'a It 3 . Ohio Oil 10'-* Pet Corp • • • ••. 9% Phillips Pet 16% 16% 18% 16% Plymouth Oil —9% 9% Pure Oil J, Roval Dutch 33 . Sbd Oil 26% 26 a : Shell Un 7 J, Skellev Oil • ■ 7% Soe Vac 15% 14% 15% 15 S O of Cai 35 34% 35 34 SOOf N J 44% 44% 44% 44% i Texas Corp 23% 23% Tidewater Assn. .. ... 10 9% I Un Oil of Cal 15% Steel*— Am Roll Mills ■■ 17 !S% 17 16 Beth Steel . . 28% 27% 28 27 Bvers AM ... ... ... 16% Col Fuel A Iron 4% Cruc Steel 19% 19V. 19% 19% Inland Steel 37 Ludlum Steel -. ••• 12% 12% McKeesport Tin .. ... <B% ‘B% Natl Steel 39 38% Otis Steel . • .• • 4% Rep Iron A' S’el 14% 13% 14% 13% Rev Ir A St pfd 40% U S Pipe A Fdv • . 18% U S Steel 33% 33% U S Steel pfd 78 Warren Bros 6% Youngst n SAT.. 15% Motors— Auburn . ■ • 20 . . Chrysler 32+ 32% 32% 32% Gen Motors 29 % 29 29% 29 Gen Motors pfd .. ... 101% 101 Graham Mot 1% Hudson ®, • Mack Truck 13% Nash 13% Packard 3% 3% Reo 2% 2% Studebaker 3 Yeilow Truck 3% Motor Access— Bendix • J 2 Bohn Alum 53% 53 Borg Warner • •••.. .... 20 s Eaton Mfg • 13% 13% 13% . • Elec Auto Lite 19 18% 19 18% Houdaille “A" 4% Murray Bodv 5 * Stew Warner Timken Roll - •• 28 Timken Det Axel 5% 5% 5% 5% Mining— Alaska Jun 20% Am Metals • • • Am Smelt 3i 36% 37 j 6% Anaconda 12% 12% 12% 12 Cal A Hecla 3% 3% Cerro De Pasc o 39 Dome Mines 44% Gt Nor Ore 11% 11 Howe Sound ... 53% 52% 53% 51% Int Nickel .. 25% 25% 25% 25 2 Kennecott Cop 19% ltL* Mclntyre Mine 48 47% Noranda Cop 42 , Park Utah 3% 3% Phelps Dodge Jo% • • St Joe Lead ■ 18% 18 U S Smelters.. 134% 133 134% 131-* Vanadium 16-a Amusements — __ „„ ... Loews Inc 27 26% 27 26 * Radio Corp .... 5% 5% 5% 5 2 RKO J Warner Bros * * 4 Tobaccos— Am Snuff fi2 61 Am Sum Tob 1® 4 Am Tobacco B • • 75 74 2 Ligg A Myers B 97% 96% 97% 96 Lorillard • • • *7Reynolds Tob B 45% 45% 45% 45 1 Rails— Atchison 49% 48% 49% 47% Atl Coast Lines • 28 BAO 15% 15% la% 15 Can Pac 14% 14% Ch A Ohio 43 42 s Chi A Gt W pfd 4% 1 4 C M A St P 33 CMA St P pfd 4 4, Chi N W . ■ 6% Dela A Hud ... • ■ 38 s 38 Del Lac A W ... 16% 16% 16% 15- 8 £ r j c . 1Z J 4 Grt North pfd 15% 14% 15% 14% 111 Central J* 13 M Lehigh Valley r/LV*ii* 3i 21% NY C & St L pfd 19^ NY New Haven 10 * * Penn P lt R•■ ■ ■ 22% 22% 22% 22% Sou Pac 17 2 17 s }7% 16 4 Sou R R 15 s 15V* 15% 14 >* Sou R R pfd ... - ••• 1® ••• Union Pac Equipments— Allis Chalmers.. ... 12% Am Steel Fdy 3 “ 2 •• Bald Loco 8 Bui roughs Case J I 40 25 3 Cater Tract 7% Deere A Cos 8 Gen Am Tk Car •••_, . 3 ‘ s * Gen Elec ■ ... 18% 18 a I8 l** Ingsol Rand . • ••• .Ji 2 iss Int Bus Mach 135 135 Int Harvester 26 4 Natl Cash Reg ”., 2 Pullman Inc 39 a Rem Rand ,7, 2 Und Elliot ... ■,, ~, i? 4 Westinph Elec .33 7 31 2 31 3l I tilities — Am A For Pwr Am Power A Lit ... A T A T 1 “S 4 Am Wat Wks 16 16 Brook Un Gas Col Gas A Elec 6* ? 5 * Com A Sou ‘ * Consol Gas 2) * -• Elec Pwr A Lit-. .. ... Int Hydro Elec 4 * 4* Lou GA E A) 14% 14 * Nat Pwr A Lit ,2, North 13 * } 3 * Pac G A } 3 2 Postal Tel pfd 34 Pub Serve N J ~ 33 So Cal Edison. 13 a 13* Sid Gas i, 4 Stone A Webster ® 3 " United Corp 3 Un Gas Imp ‘+4 14 4 W'cstern Union 34Va 33 2 SttSSi v.::::: •. 2 !J* g% v Rffifr-:: . .L ' U S Rubber pfd 38 36% 38 36 4 Miscellaneous — Am Can 37% 36% 37 '4 ■ Brklvn Man Tr 43% 42 3 4 43 % 43 Conti Can 80 8 2. Curtis Pub ■ ... J® a Curtis Pub pfd ... ••• 82- 4 82 Eastman Kodak 98 Gillette ll' 1‘ % ftliddpn • • • ■ 25 r Inter Rapid'Tr .12'. IP* 12% 11% Owens Bottle ... 81 Foods — Am Sugar *7 Armour ,?,* Beatrice Cream la% Ij,* Borden Prod 23 2 Cal Packing 39 38% Canada D G Ale ■ ■. 2 Corn Prod 8% 58% 08% 58 Crm of Wheat 32% .■■ Bo^. Su ‘’ :: ::: f : ; : o°w sugar:::: 33% 3332 3 33% 32% Hershev 84 Loose Wiles 40 Natl Biscuit 33% 33 Natl D Prod 16% 16% Puritv Bak 10% • S Porto Rico Sug 34 = Spencer Kellog 24 2 Sid Brands 19 2 19 Un Biscuit 24% 24% United Fruit >1 * <1 W'ard Bak A 5 % Wrigley ••• ®4 Retail Stores— Asso Dry Doods 9% Best A Cos 32% First Nat! Stores 63% Gimbel Bros ,3% Gimbel pfd I? Gr Un Tea ?% Hahn Dept Sts 3 ;s Jewel Tea 48 2 Kresge S S .18 17 3 * 18 17-. Kroger Groc 28 27 3 . Macv R H 39 I M&rshall Fields 10% * Mont Ward 23% 22% 23 22% Natl Tea 10% [Penny JC ■ 57-* Satewax- St 46 46 Sears Roebuck .. 35% 34 Woolworth 49.’4 49 49% 49% An tation .. 4*. 4% 4% 4% [Curtiss Wright 2% 2% Curtiss W'r A 8 Douglas Air 17% Nor Am Av . .•• 3% Speers- Corp ■ . 8% 8% 8% 7% United Aircraft. 15 14% 15 14 4 ! Wright Aero 43 -* Chemicals— * Air Reduction 97% ; Allied Chern 126 Am Com Alcohol 26 Col Carbon - • • • 66 Com Solvents .. 20 19% 20 19% Dupont .... 90% 89% 90% 88 . Freeport Tex .. 29% 29% 29% 29% [Liquid Carb ... ... 19% Math Alkali 27% Montoson Chem - 51% 'Natl Dis 'newt 19 18% 19 18% , Schenlev Dist .. 20 Tex Gulf Sulph 33% 33% 33% 33 •Union Carbide 41% 41% 41% 4P* ' U S Ind Alcohol 37 ; Vir Chem 6', pf 17% Drugs— Cotv Inc .. ... 4% 4% Lambert 24 5 . 24% Zonite Prod 4 4 Financial— Adams Exp Allegheny Corp 2% Am Int Corp 6% 6% Chesa Corp 39% 39 Lehman Corp 67% ... Transamenca .... ... 5% 5% Tr Conti Corp 4% Building— Am Radiator ... 13% 13 13% 13 Johns Manville 45 4344% 43% Libby Owens Gls .. 28

THE INDIANAPOLIS TIMES

Household— Col Pal Peet IS 14% 15 14% Congoleum 28 27% 28 27% Kelvinator 12 3 12% Mohawk Carpet 17% Proc A Gamble 37% 37% 37% 37% Textiles— Amer Woolen ... . 8% Celanese Corp . 20 19% 20 20% Collins Aikman. 11% Gotham Hose 5 New York Curb (By Abbott. Hoppin & Cos.) —Aug. 20 — Close. Close. Am Cyanide B 17% Imperial Oil Ltd 15% Am Gas AEI 21% Hud Bay Min. 15% Am Superpower 2 Int Petrol . 28% Ass Gas A El.. % Lake Shore Mm 54 Atlas Corp .. 9 [Libby McN Libby 7 Brazil Tr A Lt 11 % Lone Star Gas s’i Carrier Corp... 9% Mt Producers 4% Cities Serv ... I%'Natl Bellas Hess 2% Cord Corp 3 5 (Ncwmont Min 44 Creole Petrol . 12%Nia Hud Pwr . 4% Crown Cork In 6%!Novadel Agene 21 Deere A Cos .. 14%[Pan Am Airways 33% Dow Chem . 75 Penn Road ... 1% El Bond A Sh 10% St Regis Paper 2% Fisk Rubber 8% Sal Creek Prod 5% Ford of Can A 20 Sherwin Wms . 70% Ford of Europe B%lStd of Ind 27% Gen Aviation 3%Btd of Ky 15% Glen Alden Coal 20% Un Gas 2% Gulf Oil of Pa 55 Un Pwr ALt A 1% Hiram Walker.. 24% Wright Harg M 10 Humble Oil ... 42%

Bond Prices -* — By Fenner A Beane *“ — * —

—Aug. 21— High. Low. 10 00. Alleg Corp 5s 'SO 27 26% 27 AmAFor Pwr 5s 2030 51 ATAT db 5s '65 109 Atchison gen 4s '95 ...102% 102% 102% BAO cv 4%s '6O 58 Can Pac 4s ’57 ... 78% ChMStPAP ad 5s A 2000 . . ... 8% ChMStPAP rs 5s A ’75. 29 28 29 Denmark 5%s '55 ... 90 Det Ed 5s E ’52 . 108 Erie RR rs 5s ’67 66% 66% 66% French 7s ’49 189 188% 189 Goodyear 5s '57 101*4 101 101 Gt Nor 7s A '36 88% Interboro RT 5s 66 ... 74% 74% 74% Int TAT db 5s '55 58* 2 McKessAßobb 5%s 50. 80 Nat Dairy db 5%s '4B . 98% 98% 98% NY Cent 4%s 2013 . 66 Para Pub 5%s 'SO ... 43*4 42% 43% Penn RR 4*is D 'Bl 96 Poland 7s '47 118 Texas Corp 5s '44 103'* 103 103% Un Pac Ist 4s 47 107% 107% 107% US Rubber 5s A 47 85 Western Un 5s 'sl 83 U. S. GOVERNMENT BONDS (Bv United Press) NEW YORK. Aug. 20.—Closing Liberties: (Decimals represent thirty-seconds). —Liberty—--3%s (32-4) 12 3 - 44 First 4*4 (32-47 103.8 Fourth 4%s (33-38) 103.25 4%5. 3'4 s (45) 102.12 4*4s (47-52) 112.00 3%s (43-47) 103.18 3%S (41-43) March 104.7 3%s (40-43) June 104.8 3'4s (43) 104.8 3%S (46-49) }2H2 3s (51-55) 100.23 FEDERAL FARM LOAN BONDS (By Blyth A Cos., Inc.) —Aug. 21— Bid Ask 4s Julv 1. 1946—44 98%' 99% 4s Nov. 1. 1957—37 98% 98% 4s May 1, 1958—38 98% 98% 4*4s July 1. 1956—36 98% 99** 4%s Jari. 1, 1957—37 98% 99% 4%s Mav 1, 1957—37 98% 99% 4%s Nov. 1, 1958—38 99*4 100V* 4%s Mav 1, 1942—32 99% 100% 4%s Jan. 1, 1943—33 99% 100'* 4%s Jan. 1. 1953—33 99 99% 4%s July 1. 1953—33 99 99 % 4%s Jari. 1, 1955—35 99% 99% 4%s Jan. 1, 1956—36 99% 100% 5s Mav 1. 1941—31 100% 100% 5s Nov. 1, 1941—31 100% 100% Home Loan 3s Mav 1, 1952—44 98.20 98.30 4s July 1, 1951 98.30 98.99 Federal Farm Mortgage Corporation 3%s March 15. 1964—44 100.10 100.20 The latter three quotations are in thirtyseconds. New York Bank Stocks (By Abbott. Hoppin A Cos.) —Aug. 20— Bid Ask Bankers 56 56% Brooklyn Trust 86 88 Central Hanover 123% 124% Chase National 24% 25% Chemical 40*4 40% National City 22% 23*4 Corn Exchange 45% 46 Continental 12 12% Empire .-I? I ' 2 First National 1535 1545 Guaranty 319 321 Irving 15% 15% Manhattan ACo 27% 28% Manufactures 19V4 19% New York Trust 95% 96% Public 29 29% On Commission Row —Aug. 21 — Quotations below are average retail prices being offered to buyers by local commission house dealers. Apples—Fancy Delicious. $2: Transparents. $1.50(51.75. Peaches—lndiana Elbertas, bushel. $2.50. Plums—ltalian, % bushel. $1.40. Oranges—California Sunkist, $5.25; Valencias. [email protected]. Lemons—Sunkist. $6.50. Grapefruit—Florida seedless. $4 25474.50. Cantaloupes—lndiana, bushel, 75c@$l. Pears—Bartletts, $1.75. Watermelons—2sc. Bananas—Pound. sc. —Vegetables— Sweet Corn —Home grown, doz.. 20c. Cabbage—Northern. 2Vic pound. Celerv —Michigan, boxes. SI.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. $1.50® 1 75. 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®4.50, Peas—California, hamper. $2.50. Radishes—Ohio. doz. bunches. 50c. Spinach—Home-grown. 10-lb. baskets. 35c; bushel. SI. . . Tomatoes —Home-grown. 10-lb. baskets. 35c; bushel, [email protected]. CHICAGO FRUIT MARKET (Bv United Press) CHICAGO, Aug. 21.—Fruit and vegetables: Apples—Michigan Duchess bushels, SI (u 1 25 Cucumbers —Michigan bushels. 75c i si. Tomatoes—Michigan basket, 45 (n 60c Sweet potatoes —Tennessee busheis. $1 50471.65. Peaches —Georgia bushels. $2 4i2 25 Illinois. $24i2.50. Lettuce—California crates, 53.50®4. Beans—New Jersey green bushels. 75c4/51.25; Illinois green $1.404( 1.75. Cabbage—Wisconsin crates, sl4/1.25. Canteloupes—Michigan crates. 40c4/$1.25. Corn—lllinois sacks. 704? 75c. Carrots —California crates. $2.25 4/2 50 Peppers—lllinois bushels. 504/75c. Eggplant—lllinois bushels. 504/75c. Celery crates. 404/85c. Western cauliflower $1.25. Onion market )50-lb. sacks) —California yellows. $1.20; whites. $1.65 4/1.70: Washington Valencias, $1.20® 1.30; Wisconsin globes. sl.lo® 1.15. POWER OUTPUT DROPS American Water Works’ July Total Declines 12 Per Cent. B;i Times Special NEW YORK, Aug. 21.—The power output of the electric subsidiaries of the American Water Works and Electric Company for the month of July totaled 141.217.085 kilowatt hours, against 159.790.676 kilowatt hours for the corresponding month of 1933. a decrease of 12 per cent. For the seven months ended July--31, power output totaled 1.049,611,213 kilowatt hours, as against 027.696.407 kilowatt hours for the same period last year, an increase of 13 per cent. COAL PRODUCTION DIPS State Output Drops 1.000 Tons in Week Ended Aug. 4. Indiana coal production for the week ended Aug. 4 reached 201,000 tons, a decrease of 1.000 tons, compared to the previous week, a report of the United States Bureau of Mines showed today. Production for the period was more than 3 per cent of the nation's total output of 5.815.000 tons. The state produced 218.000 tons for the same period last year.

PORKERS CLIMB ABOVE $7 MARK AT STOCKYARDS Cattle and Sheep Advance 25 Cents: Veal Prices Decline. Hogs continued their steady upturn at the Indianapolis Union Stockyards this morning advancing above the $7 mark for the first time in several years. The rise in the swine market was general throughout the list, amounting to as much as 15 cents. Bulk heavyweights sold at prices ranging from S7 to $7.10 with the latter being the top. Medium kinds brought 56.50 to $6.95. light weights, $5.75 to $6.25 and light lights, $4.25 to $5.50. Packing sows sold at $5.25 to $6. Receipts in the market numbered 5.000, and holdovers. 214. Cattle receipts totaled 1.500. Slaughter classes were active, being strong to generally 25 cents higher than yesterday's best prices. Steers of the better class sold at from $7.25 to $8.50 while lower grades brought $5.25 to $7. Good heifer types ranged upward to $6.75. The vealer market registered the only set-back of the day, prices being generally 50 cents lower than in the previous session. Bulk veals sold at from $6.50 down. Receipts totaled 700. Lambs showed an increase of 25 cents in early trading, good ewe and wether kinds ranging between $7 and $7.25 with a few lots ranging as high as $7.50. Bucks sold at $1 less. Throwout sheep brought prices of from $4 to $6. Receipts of the sheep market totaled 1.500. Receipts of hogs at Chicago numbered 14.000, including 5.000 direct. Asking was unevenly higher and the market was mostly strong to 10 cents better than yesterday’s quotations. A few sales of better grade.* were being made at prices of from $6.90 to 6.95. Cattle receipts were 7.000 commercial and 1,000 government stock and calves receipts 1.500 commercial and 3,000 government. The market was steady. A quiet market prevailed in sheep trading, with receipts totaling 6,000. Aug. Bulk Top Receipts. 15. $5.75® 6.95 $6,10 4.000 16. 6.20® 6.30 6.45 4.500 17. 6.60® 6.70 6 80 5 000 18. 6.60# 6.75 6.80 2 000 20. 6.85® 6.95 6.95 4 000 21. 7.00® 7.10 7.10 5.000 Market Higher (140-160) Good and choice . ..$ 6.00# 6.25 —Light Weights—-(l6o-180) Good and choice.... 6.85® 6.90 (180-200) Good and choice ... 6.90® 7.00 —Medium Weights—-(2oo-220) Gooc and choice ... 7 00® 7.10 (220-250) Good and choice 7.00® 7.10 —Heavy Weights—-(2so-290) Good and choice ... 7.00® 7.05 1290-350) Good and choice ... 5.85@ 6.25 —Packing Sows—-(27s-350) Good 5.65® 6.00 (350-425) Good 5.65® 6.00 (425-550) Good 5.00® 5.75 (275-550) Medium 5.00® 5.75 —Slaughter Pigs—• (100-130) Good and choice ... 4.25® 5,50 CATTLE Receipts, 1,500; market, higher. —Steers—-(sso-900) Choice $ 6.50® 8.00 Good 5.50® 7.25 Medium 4.00® 5.75 Common 2.75® 4.00 (900-1.100) Choice 7.50® 9.00 Good 5.75® 8.00 Medium 4.25® 6.00 Common .. 2.75® 4.25 (1,100-1,300) Choice B.oo® 9.25 Good 6.00® 8.25 Medium 4.50® 6.50 (1.300-1,500) Choice 8.25® 9.25 Good 7.00® 8.50 —Heifers—-(sso-750) Choice 6.25® 7.00 Good 5.00“ 6.25 Common and Medium 2.75® 5.00 (750-900) Good and Choice ... 5.00® 7.00 Common and medium 2.75® 5.00 —Cows— Good 3.25® 4.50 Common and medium 2.504/ 3.25 Low cutter and cutter 1.50® 2.50 —Bulls—(Yearlings excluded) Good 2.75® 3.50 Common and medium 2.00® 2.75 VEALERS Receipts. 700; Market, Lower. Good and choice $ 6.00® 6.50 Medium 4.00® 6.00 Cull and common 2.00® 4.00 1250-500) Good and choice .. 4.50® 6.00 Common and medium ... 2.50® 4.50 —Feeder and Stocker Cattle—(Steers) (500-800) Good and choice... 4,00® 5.25 Common and medium 2.50# 4.00 (Heifers) Good and choice 2.75® 3.75 Common and medium 2.00# 2.75 (Cows) Good 2.00® 2.75 Common and medium 1.50® 2.00 SHEEP AND LAMBS Receipts. 1,500; Market, Higher. Lambs. 90 lbs. down, good and choice $ 7.00® 7.50 Common and medium 5.00® 7.00 ■—Ewes—-(9o-120) Good and choice 2 00® 3.00 (120-150i Good and choice ... 1.50# 2.50 All weights, common and medium I.oo® 2.00 Other Livestock (By United Press) CHICAGO. Aug. 21.—Hogs. 14.000. including 5.000 direct: holdovers. 1.000; market, mostly 10c higher than Mondav's; sows. 210-310 lbs.. $6.75® n.90; top, $6 95. with 170-200 ibs . $6,704/ 6.80; lights, mostly $5.75® 6.25: pigs. $44/5; packing sows, largely s6® 6.25; best at $6..*)0; light lights. 140-160 lbs., good and choice. $5,504/6.50; light weights. 160-200 lbs., good and choice. 56.25®6.85; medium weights. 200-250 lbs., good and choice. $6,554/ 6 95; heavy weights, 250-350 lbs., good and choice, $6.60 4/6.95; packing sows, 275-550 lbs., good and choice, $6.6047 6.95; packing sows. 275550 lbs., meudim and choice. $5®]6.50: slaughter pigs. 100-130 lbs., good and choice. s4® 5.50. Cattle —Receipts, 7.000 commercial; 1.000 government; calves, 1.500 commercial; 3.000 government: medium weight and weighty steers, strong to 25 cents higher on shipper accounts, several loads. $10: new high top kinds selling over 11.000 lbs., in broadest demand: very active market on good and choice steers; yearlings selling up to $9; mixed offerings to $8 and weighty heifers to $7 50: all other killing classes strong to 25c higher: better grade beef cows showing most advance: bulls, steady to strong: vealers firm to 25c higher: slaughter cattle and vealers. steers. 550-900 lbs., good and choice. s6® 8.50 : 900-1,100 lbs. good and choice. $6,254/ 9.50: 1.100-1,300 lbs., good and choice. $6,504/ 10; 1.300-1.500 lbs., good and choice, $7.50® 10: 550-1,300 lbs., common and medium. $2,754/7.50: heifers. 550-750 lbs., good and choice. $5 25®7.50: common and medium. $2.75®5.50; cows, good. $3,254/4.75: common and medium. $2,504/3.25; low cutter and cutter. $1,654/ 2.60 bulls i.vearlings excluded' good 'beefi. $34/3.75: cutter, common and medium. $2 504/ 340: vealers. good and choice, s6'/ 7.25: medium. $3.75®6; cull and common, $2.75® 3 75: Stocker and feeder cattle, steers, 550-1,050 lbs., good and choice. $4.25 4/5.25; common and medium. $2,504/ 4.25. Sheep—Receipts, 6.000: fat lambs in rather active demand, opening fully steady, asking higher: choice Idahos, 57.25: scattered mediums. s7® 7.25: best held for $7.50: steady, improved; range ewes. $3; native ewes. s2® 2.70:

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—Aug. 21— High. Low. 11:00. Bendix Aviation 13 I JS * 13 , Berghoff Brew Cos • 3 * Borg Warner 21% 21% 21 • Butler Bros 8 7 8 Chicago Corp Com 2 Chicago Corp pfd 23 ,* Cord Corp •, • 34 General House Util ... 10% 10 10 z Great Lakes Dredge .. *2% Libby-McNeil < < ‘ Noblitt-Soarx* Ind. Inc . J* 4 Public Service X P ■■ 14 * 3 * 14 Produce Markets Delivered in Indianapolis orices: Heavy hens. 11c Leghorn hens. Bc. 1934 broilers, 2 lbs. and over, 13e Leghorn Drotjers 1% To 2 lbs. and over 11c bareback broilers 10c: old roosters. sc. ducks and seese. 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 ior each pound under 55 lbs. will be tnade. Butter—No. 1. 30531 C. Butttrfat. 23c. Quoted bv Wadlev Company. ißy United Press) CHICAGO. Aug. 21. Eggs— Market, steady; receipts. 4.420; extra firsts. -0 <v. fresh graded firsts. 19%c; current receipts. 164/ 18%c: dirties No. 1. 16c; No. 2, 12c; checks No. 1. 15c; No. 2,12 c. Butter —Market, firm; receipts. 13.018; extra firsts '9O-91% score'. 264;26%c: extras '92 score 27%c; firsts iBB-89% score'. 24% 4/ 25 %c; seconds 'B6-87% score'. 22%. 4/ 23%c; specials. 27%4/ 28%c; standards. 26%. Poultry—Market, steady; receipts *1 trucks. 1 cars due fryers. 14*24/17c: broilers. 154/16c; Leghorn broilers. 14® lac; geese. 74/ 8c; turkeys, 104/15c; old roosters B%c: liens. 14%®16c: black chicks. 104/12c; barebacks. 13c; cocks, 8c; Leghorn cocks, 9c; colored springs, 16c: white rocks. 17%4/19c; Plymouth Rocks. 19c; ducks, 84/ 12%c; colored Plymouth Rocks 16c: Leghorns. 12c. Cheese —Twins. 13 4/13%c- Longhorns. 13% 4/14c; Daisies. 13%4z 14c. Potatoes—Receipts. 35: on track. 118; shipments, 407; market, steady, trading light; Idaho Russets. $1.85: Wisconsin Triumphs. $1,554/1.65; medium to small, $140: North Dakota Triumphs, $1,604/ 1.70; Wisconsin Cobblers. $1,504/ 1 55; California White Rose, $1.85; Pennsylvania Cobblers, $1.62%; New Jersey Cobblers. $1.55. _ NEW YORK. Aug. 21.— Potatoes—Easier; Long Island. 40c4/$125 bag: New Jersey. 90c bag. Sweet Potatoes—Easier; Jersey basket. sl4/2.25; Southern bbl.. sl@4: Southern basket, 25c® 1.75. Flour—Easy; springss: patents. $7,704/7.90 bbl. Pork— Firmer. Mess—s 22 bbl Lard—Firm. Middle West—Spot, $6 404/ 6.50 a 100 lbs. Dressed Poultry—Firm; turkeys. 17®32c; chickens. 94/28c; broilers. 164/ 23c: ducks, 11®13%c: Long Island ducks, 11%®>15c. Live Poultry—Firm; geese. 64/7c: turkeys, 104/15c; rooster, 10c: ducks, 8® 14c; fowls. 144; 18c: chickens. 214/25c: broilers. 12® 22c; fowls. 94; 20c. Cheese—Dull; state whole milk fancy to specials, 19@20c; Young America. 14%®15c. Butter—Receipts. 21,561 packages; market, steady; creamery higher than extras. 28%®29*4c: extra (92 score', 28®28Uc: first (90 to 91 score). 27®27%c: first (88 to 89 score). 254; 26c: seconds. 24® 24%c. Egg—Receipts. 21,751 cases; market, firm: special packs including unusual hennery selections. 24 ®2B%c; standards. 23%c; firsts, 21%c: seconds. 20c; mediums. 19c; dirties, 19® 19%c; checks. 16%4;17%c. Other Livestock ißy United Press) FT. WAYNE, Aug. 21.— Hogs—15® 25c higher; 250-300 lbs.. $7.05; 200-250 lbs., $6.95: 180-200 lbs.. $6.85; 160-180 lbs.. $6.75; 300-350 lbs.. $6.85: 150-160 lbs.. $6; 140150 lbs., $5.75; 130-140 lbs., $5.50: 120-130 lbs.. $5: 100-120 lbs.. $4.75; roughs, $5.50; stags. $3.50 Calves. $6.50; lambs, $6.50 LAFAYETTE. Aug. 21.—Hogs—Market, steady to 15c higher: 200-325 lbs., $6.80®, 6.85: 170-200 lbs.. $5,704/6.75: 150-170 lbs., $5,854/6.65; 130-150 lbs., $5.35® 5.60; 120130 lbs.. $4,854/5.10; 100-120 lbs.. $4 10® 4.60: roughs. $5.75 down. Top calves, $5.50; lambs. $6 down. IBy Times Special) LOUISVILLE, Aug. 21.—Cattle—Commercial, 150; government, 300; slaughter classes in light supply; quality plain; demand fairly broad and market generally steady with Monday's close; bulk common to medium grassy slaughter steers and heifers. $2,754/4.50; few cutter grades to $2.25: better finished steers and heifers absent and quotable from $5 to around $6 for stiietly good lightweight yearlings; bulk beef cows, $2.504/:3: good smooth cows to $3,50 and above for heifer types; low cutters and cutters, $1®2.25; sausage bulls scarce and based on Monday's quotations. quotable from $2,254/2.75; Stockers and feeders fully steady, bulk desirable Herefords. s4® 5 depending on weight and quality, common to medium native, mainly $2.50® 3. Calves—Receipts, 350: commercial vealer market weak; under strict sort better grade vealers, $5.50® 6; latter price the extreme top heavy grass calves; medium and lower grade vealers, mostly $4.50 down. Hogs—Receipts, 750; market not established at late hour; sellers asking 10c higher but no early bids; top Monday. $6.80 on desirable 185-275-lb. weights. Sheep—Receipts. 1,000; lamb supply light: quality plain; market not fully established with indications steady or largely *64/ 6.25 for bulk better trucked in ewe and wether lambs: choice kinds to $6.50; few strictly choice higher bucks subject to the usual discount and most throwouts. $3.50®4: fat ewes unchanged at sl®2 a cwt.; few higher stock ewes, generally steady: bulk 564/.7.50 a head; some choice to SB. Births Girls Virgil and Marcella Heaton, 3526 East Twenty-fifth. William and Odessa Cramer. 2416 Guilford. William and Mary Sharkey, St. Vincent’s hospital. Florentine and Mildred Steincamp. St. Francis hospital. William ana Marv Chasteen. St. Francis hospital. James and Catherine Cairev. St. Francis hospital. Charles and Ruth Speake. St. Francis hospital. Herman and Marie Sperger. St. Francis hospital. Bovs Edward and Ema Perry, St. Vincent's hospital. Miles and Virginia Feeney, St. Vincent’s hospital. Glen and Elma Bosstich, St. Vincent's hospital. Roscoe and Margaret Westfall, Methodist hospital. William and Dorothy Hartman, St. Francis hospital. Herschel and Bertha Kennard. St. Francis hospital. Leo and Bertha Brand. St. Francis hospital. Patrick and Francis Sheehan St. Francis hospital. Edwin and Louise Ludeman, St. Francis hospital. Deaths Clarence Edmonds, 49, Veteran's hospital. meningitis. John S. Ferris. 76, 2209 North Delaware, carcinoma. Iva Belle Dickey. 33, city hospital, otitismedia. Charles C. Wainscott. 69. of 1118 West Thirty-sixth, angina pectoris. Joseph O'Connor, 60, Long hospital, hypostatic pneumonia. Edward F. Kiel. 61, of 406 North Arsenal, coronary thrombosis. Neveda Princell, 43. city hospital, chronic nephritis. Mary Quilter, 59. city hospital, chronic myocarditis. John S. Ringo, 43. of 1106 North Tibbs, angina pectoris. Emiiy M Asher, 86. Methodist hospital, myocarditis. Ida B. Smith, 43, St. Vincent's hospital, appendicitis.

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INDIANAPOLIS —Aug. 30— The bids for car lots of grain at the call of the Indianapolis Board of Trade f. o. b.. shipping point, basis 41% New York ra'e were Wheat—Firm No. 1 red. 92%#93%r No 2 red. 91%®92%c: No. 3 hard. 92%); 93 %c. Corn—Firm: No 2 whi*e 20%f?21%r: No 3 white. 65%®70%c; No. 2 vellow. 69%®70%c; No 3 vellow. 68%#69%c No. 2 mixed. 68®69%c; No. 3 mixed. 67%‘a 68c. Oats—Strong: No. 2 white, 48®49c; No. 3 white. 47#48c. Hay if o b country points taking 23%c or less rates to Cincinnati or Louisville) No. X timothy. sl4 y 14.50. —lnspections Wheat—No 1 red. 1 car; No. 3 red, 1 car. Total. 2 cars Corn—No. 2 white. 4 cars; No. 3 white. 5 cars; No 2 yellow. 35 cars. No. 3 vellow, 21 cars; No 4 vellow. 3 cars: No. 5 vellow. 1 car; sample yellow. 2 cars; No. 3 mixed. 1 car. Total. 72 cars Oats—No. 2 white. 2 cars: No. 3 whife. 6 cars; No. 4 white. 2 cars. Total. 10 cars. Rye—No. 1, 1 car. Total. 1 car. Local Wagon Wheat Citv grain elevators are paying 91 cents for No. soft red wheat. Other grades on their merits. / (By United Press' CHICAGO, Aug 20.—Cash grain: Wheat —No. 1 red. $1.05%: No. 2 red. $1.05%® 106: No. 3 red, $1,054/ 1.05%; No 4 red $1.01%: No. 2 hard. $1.11%, No 3 hard. [email protected]%: No 2 mixed. $1.10; No. 2 dark hard. SI.II. Corn—No 2 mixed. 76%c: No. 1 yeilow. 76%c: No 2 yellow, 76%4/77%c: No 3 yellow. 76®77c; No. 4 vellow. 75%®76%c; No. 5 yellow. 75® 75%c; No. 6 yellow, 76c; No. 6 white. 74%c; sample grade. 71c. Oats—No. 1 while. 55c: No. 2 white. 52%4i53‘ t c: No. 3 white. 49%®52c; No. 4 white. 48% n 49* /C. Rye—No sales. Bariev—Sales, $1.05®1.18: quotable. 85c®$l 23. Timothy seed—sl7@lß. Clover seed—sl7® 18c. Cash provisions—Lard. $8.55: loose. $8.10; leaf. $8.12: bellies. $12.12. TOLEDO. Aug. 20.—Grain close- (Grain In elevators transit billing) Wheat —No. 2 red, $1.04®1.05. Corn—No 2 yellow. 79®80c. Oats—No. 2 white. 52 1-3®54%c. Rye—No. 2, 86%4/'B7%c. (Track prices, 24%c rate) Wheat—No. 1 red. $1.00%® 1.01: No. 2 red. 99%c®$l. Corn—No 2 yellow. 75®75%c: No. 3 yellow. 744/ 75c; No. 4 yellow. 734774 c. Oats—No 1 white 51%®54c; No. 2 white. 50%®52cc No. 3 white, 48’b®51c. ST. LOUIS. Aug. 20.—Cash grain: Wheat—ln fair demand. l%c higher on red and %c higher on hard: No. 2 rod. $1.04 earlv and $1.03 at the close: No. 3 red garlicky. 98c: No. 2 hard. $1.09 nominal: No. 2 mixed. $1.09* 2 . Corn—ln fair demand. %c to r. h*wixer: No. 2 vellow. 7c: No. 2 white. 80c. Oats—ln fair demand. lc higher: No 3 white. 51®51%c NEW YORK. Aug. 20—Cash grain: Wheat—No. 2 red $1.16: No. 2 hard winter. $1.20%. Corn—No. 2 mixed. 80%c. Oats—No. 3 white. 61%-. Chicago Futures Range —Aug. 21— Wheat— Prev. High. Low. 10:00. close. Sept 1.05% 1.04% 105% 1.04% Dec 106% 1.05% 1.06 1.05 May 1.08 1.07% 1.07% 1.06% Corn— Sept 75% .74% .75% .74% Dec 77% .77'* .77)4 .76% May 80% .80% .80% .79% Oats— Sept 50% .50% .50*4 .50% Dec 51*4 51 .51% .50% May 52% .52% .52** .51% RveSept •• .84% Dee 87% .87 .87% .86' 2 ayM 91% .91% .91*2 •90 < Barley— Sept .82% Dec 79* 4 .77 .78% .76’, May •• .91% The above quotations are for new options. CHICAGO PRIMARY RECEIPTS —Aug. 20— —Bushels— Todav. Last week. Wheat 303,000 465.000 Corn 409,000 710.000 Oats 118,000 270.000 U. S. Sugar Melt Declines B)/ Times Special NEW YORK. Aug. 21.—Sugar melt of thirteen United States refiners from Jan. 1 to Aug. 11 totaled 2.185,000 long tons compared with 2,470.000 long tons in the same period a year ago. Deliveries for the same period amounted to 2,050,000 long tons against 2,230,000 in 1933,

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AUG. 21,1931

GRAIN FUTURES ADVANCE UNDER HEAVY JUYING Cash and Nearby Months in Demand: Foreign Marts Show Strength. nY HARMAN W. NICHOLS United Pres* Staff Correspondent CHICAGO. Aug. 21—Grain markets maintained their improved ton# at the opening on the Chicago Board of Trade today, with demand especially heavy in cash and nearby months. At the opening wheat was up 'j to 1 cent; corn was up ■' to 1H cents; oats was % to 3 * cent higher, and rye was up % to 1% cents. The wheat market was in a good position for a rise, traders believed, lacking only some favorable news development to bring the buyers into the market. The strength in cash grain and in opening foreign markets were a bullish influence. Liverpool was much higher than due. Corn maintained a strong undertone. Heavy buying in mash and in September deliveries were a bullish influence. Oats advanced on a stronger Winnipeg market. Rye and barley continued their strong tone. REGISTRATION OF STOCK ISSUE REFUSED BY U. S. Emporia Gold Mines, Inc.. Proposal Halted by Securities Act. Bp United Press WASHINGTON, Aug. 21.—The federal trade commission yesteray refused to permit the Emporia Gold Mines, Inc., Wilmington, Del., to register a proposed issue of $250,000 in stock pending supplying of registering information under the 1933 securities act. The company, which owns property in Arizona, expected to use proceeds from the stock issue for the purchase of equipment and buildings in its mining enterprises. The commission’s order will remain effective until the required information is supplied. BANK DEPOSITS CLIMB Federal Reserve Members Report §79,000,000 Gain in Week. Btj United Press WASHINGTON. Aug. 21.—Deposits of member federal reserve banks in ninety-one leading cities last week increased $79,000,000 over the preceding week for a total of $18,587,000,000, the federal reserve board reported today.

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