Indianapolis Times, Volume 46, Number 88, Indianapolis, Marion County, 22 August 1934 — Page 11

AUG. 22, 1934.

Wall Street Protection Against Faulty Reports Urged for Stockholders. —BY R \Lrif HF.NDERbHOT —

liiiim "p#rui hnannal Writer A NOTHER branch of government —the department of commerce—appears about to become interested m corporate financial procedure. This being brought about by a report which has Just been made to that department by the business advisory and planning council recommending that more resealing re-

ports on financial conditions b*> made to stockholders by corporations. The report pointed out that while no single system of presenting financial information is univer sally applicable to all corporations, consistney and uniformity is

Ilrnderchot

highly desirable. The committee making the report included Walter S Gifford chairman, P erre S. DuPont and William A. Harriman. The report cautioned against the feeling that a financial statement ran Ik substituted for judgment on the investors part, although it stressed the fact that almost all of the information which the investor receives must come to him. directly or indirectly from the published reports of the corporation. a a a WITH the Federal Securities Act and the new exchange regulation measure both requiring in one way or another accurate accounting procedure on the part of corporations, and the department of commerce now appearing on the scene, it would seem that* investors are about to get more facts and figures concerning the financial status of the companies in which they are interested than they ever had before. And it is a good thing. For years corporations have been misleading the holders of their securities. many of them deliberately. Some built up such complicated financial structures that even trained accountants on the outside were unable to get. the real facts concerning their financial condition. Others did all sorts of tricks with their figures with the idea of concealing the true facts. The motives in all cases were not necessarily wrong, but. the results were that investors were asked to buy "a pig in a poke.” If is true, of course, as the committee implies, that perfection in the issuance of corporate reports never ran be attained, but very great improvements can and have been marie. It is encouraging to see the government take such an interest in the subject, and there is every reason to expect that something worth while will result. Accurate accounting is a fundamental requisite in business, and. inasmuch as stockholders are partners, they are entitled to the facts and figures revealed by such accounting. non THE unfortunate part of it is. however, that so few people can thoroughly understand even the most simple forms of accounting reports. Consequently, unless such people employ others to explain these reports, they are likely to be little better of! than before, despite the efforts of the government in their behalf. Inasmuch as the head of one family out of about every three in the United States is a security holder, and that not infrequently the major part of his savings are tied up in such securities, it would seem highly desirable for our schools to offer courses on at least the rudiments of investing. The government can require corporations to reveal the facts, but it can not provide understanding and the job of protecting the savings of the public and of directing these savings into profitable and desirable use is left only about half done. ENTERS _ NEW FIELD City Ice and Fuel to Manufacture Air Cooling Equipment. K*/ Tim- * Special CHICAGO. Aug. 22.—Plans for entering the field of manufacture of air cooling equipment on a large scale are announced by City Ice and Fuel Company, operating in twenty-six states and in Canada. According to R. C. Suhr. president. the company, through its subsidiary Ice Cooling Appliance Corporation. has acquired large modern properties at Morrison. 111., having an annua! output of 50.000 units which will be distributed nationally through City's own organization and through other ice companies outside the City territory. Cotton Crop Larger Bh Titme* Special NEW YORK. Aug 22.—Bureau of Agricultural Economics estimated the Chinese cotton crop of this year 13 per cent larger than the 2.700.000 bales harvested in 1933. N. Y. Coffee Sugar Futures %BC. 51— C IFFIt —San<**— High. tow Close March 11 12 11 00 11 03 Mav 110* Julv September ......... 10 98 10 93 10 93 December 11 OS 10 39 10 99 —*ie— V January . *O9 March * 20 8 13 8 13 Mav ... ... 8.20 julv 8 26 September _ . 7 95 December ....... 815 805 8.05 SCGJIB ’.eh. Low Close January 1 It 1 SO 1 81 March 1* 18 188 Mav t 91 Julv 1 * 195 195 September 1 73 1 70 1 73 December 1 81 1 70 1.7 J In the Cotton Markets —Auf 31 CHICAGO High Low Close January 13 ll 1362 March 13 73 13 68 13 73 Mav 13 S3 13 7* 13 82 October 132 13 33 13 42 December ... 13 58 13 51 13 58 HEW YORK January -13 60 13 50 13 60 March 13 70 13 60 IS 71 Mar 13 > 13 69 13 SO July 13 89 13 77 13 88 October 13 40 13 28 13 39 December .. 13 54 13 43 13 53 NEW ORLEANS Jannary 13 M J* March -13 67 13 58 13 67 October 13 38 18 25 13 35 December USO U4l 13 50

STOCKS JUMP I TO 3 POINTS IN BRIEFRALLY Rail Shares Lead Upward Movement as Tickers Fall Behind. BY ELMER C. W'ALZER Unit'd Pre Staff Correrpondent NEW YORK. Aug. 22.—Wa1l 6’reet was treated to a "boomiet’’ in railroad shares today In tfie second hour of trading. Their sudden rise accompanied by active turnover brought the whole market into action on the upside for a few minutes. The volume died down before noon, however, and dealings took on the proportion of recent sessions. During the advance the ticker tape was behind. Prices advanced fractions to more than 3 points, with Union Pacific selling at 102%, up 3v points, and other rails up correspondingly. Atchison reached 52’ 2 , up 2%. while gains of fractions to more than a point were noted in other carrier shares. Industrials made smaller gains. Utilities joined the rise, with Public Service of New Jersey up a point at 34 and Consolidated Gas up 1% at -d%. U. 3. and Betl lehf’m gained fractionally. Commun cation snares were higner. Motors, rubbers and motor equipments made small cams. Brooklyn-Manhattan Transit made anew top for thv> year in the tractions. Mail order shares and farm equipments were in fair demand. Spiegel. May. Stem spurted nearly 4 points to 49%. Talk in the Street centered on the railroads. Reports were circulated the government was working out a plan to help the roads out of their monetary difficulties. The shares had been heavily oversold of late, according to traders, and were in a position to respond quickly to any buying spur. Money and Exchange INDIANAPOLIS RANK CLEARINGS —Aug. 22Clearing.* $1,636,000 (>0 Debits 4.199.000.03 FOREIGN EXCHANGE IBv Abbott. Hopoin & Cos.) —Aug. 21Close. R'erling England $5 09 Franc, Fiance 0667% Lira. Italv 0868 B'lctas. Belgium 2377 Mark. Germany 4013 Guilder. Holland 6858 Prvota. Spain 1383 Krone. Norway 2559 Krone. Denmark 2275 Treasury Statement •By United Press) WASHINGTON. Auk. 22.—Oovernmeht expenses and receipts of the current fiscal \ear to Auk 20, compared with the corresponding period of the previous fiscal year: This Year. Last Year. Expenses . $ 794.807.638 17 8506.085.795.9fi Receipts ... 424.498.423 67 299 090 840 RR Deficit 370,309.214 30 206.995.955.08 Cash bal .. 2.222 998.825.18 Investment Trust Shares ißv Abbott. Hoppin <54 Cos.) —Aur. 21— Bid. Ask Amer Bank Stocks Corp 1.01 106 Amer A: General Sec A 3 50 4.50 American A. Inv Tr Sh 1.75 Basic Industry Shares 2 85 2.91 British Tvpe Inv Tr Sh 34 42 Collateral Trustee Sh <Ai .. 400 412 Corporate Trust Shares told).. 185 1.96 Corporate Trust Sh inewi ... 2.15 218 Cumulative Trust Shares . . 3 60 3.65 Diversified Trust Shares (A).. 625 Diversified Trust Shares tB).. 700 7.25 Diversified Trst Shares (Ci .. 2.76 2.80 Diversified Trust Shares 'DI . 420 428 First Insurance Stock Corp ... .50 .87 First Common Stock Corp 52 .56 Fixed Trust Oil Shares |A> ... 7 25 .... Fixed Trust Oil Shares iß>... 6.25 Fundamental Investors. Inc... 1.75 1.91 Incorporators Investments 16 12 16.37 Land Bank Bond Shares 1.14 1.27 Low Priced Trust Shares 510 5.30 Mass Inv Trust Shares 17.78 19 33 Nation Wide Securities . .. 2.92 2.98 North Am Trust Shares (53).. 1.76 North Am Tr Shares (55-56).. 214 218 North Am Trust Shares iSB(-. 2 15 2.20 Selected Amer Shares 2 24 Selected Amer Shares. Inc ... 102 1.11 Selected Cumulative Shars .... 5 94 elected Income Shares 308 3.50 Std Amer Tr Shares iAI 264 2.70 Trust Shares of America 264 2.70 Trustee Std OH iAi 530 550 Trustee Std Oil ißi 4 78 4.86 U P Elec Lt A- Pr (A) 1100 11.50 Universal Trust Shares 2.74 2.80 Daily Price Index ißy United Press) NFW YORK. Aur. 21.—Dunn A- Bradstreets daily weißhtrd price Index of thirty basic commodities compiled for the United Press: (1930-1932 averaee 100) Todav (equal yearly hiKh) 12002 Yesterdav 119.31 Week aRO : 118 50 Month aRO ... 114.87 s>ar aso (Aug. 22) 102.11 1934 Hich 120 02 1934 Low (Jan. 3) ... 101.05 • Copyright. 1934. Dun & Brandstreet. Inc.) Retail Coal Prices The following prices represent quotations from leadmß Indianapolis coal dealers A 25-cent carrying charge per ton wiil be added. DOMESTIC RETAIL PRICES Anthracite sl3 50 Brazil Lumo 5 90 Brazil Err 5.90 Brazil Mine Run 5.25 Cose. Nut Size 8 50 Coke. Err Size 8 50 Indiana Forked Lump No. 4 and 6 5.75 Indiana Err 5.75 Kentucky Lump. Group , 'B" 715 Pocahontas Lump 825 Pocahontas Err 8.35 Pocahontas Mine Run 0 New River Smokless 8 25

Bright Spots .Bv Abbott. Hoppin 3s Co.I ~~

United S’ates dailv average production of crude oil for the week ended Aug 18. to’aled 3 592 891 barrels an increase of 5.266 barrels over the preceding week. Johns Manville Corporation declares the regular quar'rrtv dividend of $1 75 on the 7 per rent preferred stock, payable Oct 1. of record Sept. 17 ( hirago A Northwestern Railroad Company car loadings tor the week ended Aug. 18. numbered 25.888 ears, a* compared with 25.786 in the previous week and 22.11! rars for the corresponding week of 1933. Beechnut Packing Company declared an evra dividend of 25 cents along with the regular dividend of 75 cents. EARNINGS. SALES GAIN Jewel Tea Company Nets $702,641 for Twenty-Eight Weeks. Bp Times Special CHICAGO. Aug. 22—Jewel Tea Company net earnings after all charges and provisions for taxes amounted to $702,641 in the first twenty-eight weeks this year as compared with $305,637 in the corresponding 1933 period. Sales showed an increase of 21.65 per cent during the period. Federal and state taxes amounting to $1.23 a share of the company’s common stock is reported in the company's interim report covering the period. Business Failures Decline Hv Timet Special CHICAGO. Aug. 22—Dun A Bradstreet reports business failures in the United States for the week ended Aug. 16. totalled 197 as compared with 209 in the previous week and 312 in the corresponding week of 1933.

New York Stocks ' snoott Hoopln A Cos ——————

AVERAGE STOCK PRICES FOR TUESDAY Net High. Low. Close, change. Thirty industrials 92.70 90 87 92.57 -r2.13 Twenty rails 35.77 34.95 35.68 -f1.14 Twenty utilities 20.55 20.20 20.48 -.38 Forty bonds .... .... 93.17 -r.06 Ten first rails .... 100.50 —.36 Ten second rails .... 75.94 +.42 Ten utilities .... 98.94 -<-.10 Ten industrials .... 97.29 -r.07 -Off. -Up.

—Aur. 22 Prev. Oil*— High. Low. 10:00. close. Amerada ... 47% Atl Rlr 25 s , 251a Barnsdail 7 7 Consol Oil . 9' 9 Cont of Del . 18 s , 18% 18% 18 1 j Houston inewi 31, M.d Cont Pet 12 Ohio Oil 10'2 Pe’ Corp 10% 7% Phillips Pet 16% 18% Plymouth Oil 9% 9% Pure Oil -- - BV* 8’ * Sbd Oil 261a Shell Un T ksoc Vac . .. ... 15*4 15 3 S O of Cal 35', 35 SOof N J 44% 44 s , 44 3 44 1 2 Sun Oii 63 Texas Corp ... ... 24 23% Tidewater Assn 101a 101* Un Oil of Cal 16 Steel*— Am Roll Mills . .. . 1714 17 Be’h Steel 28 27!, 23 28’4 Byers AM 17'4 Coi Fuel A: Iron 5% Cruc Steel 19% 19'* Ludlum Steel . .. ... 12% 12% McKeesport Tm 871* Mi l Steel 8.% ■ Natl Steel 39 39 Otis Steel 41* Rep lAcSt 1 14!, 14 Rep I A: Stl pfd 41 U S Pipe & Fdv ...... 20 U S Steel -34'. a 341* 34% 34 U S Steel pfd 79'2 Warren Bros 6% Youngst'n S & T .. 161* Motor e Auburn . ■ 21% 22’, Chnslrr . . 34', 34', 34% 34% Gen Motors 30'a 301, 30!a 30% Gen Motors pfd 101 s * Graham Mot ... 2 2 Hupp Zla 2'* Mack Truck 261, Nash .. 14' 2 14 Packard 3!* 3 1 , 3', 3', Reo 2!, 2% Studebaker ... 3 2 ” a Yellow Truck 3% Motor Acess— Bendix •• ••• 13 13 Bohn Alum 34 1 a 54 '*, Borg Warner 21 7 , 21% Briggs 171, 17% Buaa Wheel 2 3 4 Eaton Mlg 14% 14 :, Elec Auto Lite . 20% 20% 20', 20'2 Mullins Mfg pid. .. ... ... 24'* Murray Body 5% 5% Stew Warner ... ... 6% Timken Roll ... ... 28% Timken Det Axel 6 5 3 , Mining— Alaska Jun 21V, 21 Am Metals 20 Am Smelt ... 3%6% 38'/* Anaconaa ... 13 12% Cal & Hecla 3la Cerro De Pasco 41 41 Dome Mines .... ... 45 44% Granby ... 7’, Gt Nor Ore 11V* Homestake Min 424 Howe Sound 54 Int Nickel .... 25 3 * 25!, 25% 25% Int Silver ... . 27 Isl Creek Coal ... ... 30 ... Kennecott Cop 19 s /, 19!* Mclntyre Mine.. .. ... ... 48'4 Noranda Cop ..... ... ... 43 % Park Utah 4 4 Phelps Dodge 16% 16 1 '2 St Joe Lead ..... ... -• 1812 U S Smelters ... 136’,4 136’2 Vanadium 161* Amusements— Fox Thea 10% 10% Loews Inc 281* 28 Radio Corp 5 3 * 5% RKO 2>g 2 Warner Bros 4Va 4% Tobaccos — Am Snuff 64 62 Am Sum Tob .. 20 19 3 20 191a Am Tobacco B . .. ... ••• 76 Gen Cigars . 42 Licg A: Myers B 97 3 * 9i's Loriliard . 18% 18 tB% 18% Reynolds Tob B 457* 45}* 4a: 4514 Rails— Atchison . . .. 501, 50 aO 50 Atl Coast Lines 29 *4 29'* B& O 16% 16% Can Pac ... 14’/, 14% Ch & Ohio 43 % 43 ‘2 Chi & Gt W pfd 4 * C M & St P 3'* C M & St P pfd s's 5 Ch: N W 6V* o'* Dcla & Hud 4012 40 Del Lac & W *6 n * Erie 13 }2 3 4 Erie pfd Grt Northn pfd. •• . 16 la 3 111 Central 17 16 7 17 16 3 * K C Sou 8 1 * Lehigh Valley .... . 12 Lou & Nash .. 46 3 * 46 46'* ... MK & T M K & T pfd. 161* 15 7 * Mo Pac 3 2 s * Mo Pac pfd • 4 3 7 * N Y Cent 22'4 22>, 22‘* 22'* N Y Chi & St L - • 12-4 N Y New Haven 10 7 s 10 s * N Y Ont & West 6 Nor Pac 18' 4 18 1 * 18V* li s 8 Penn R R . 23 ! 2 23’,4 Sou Pac 18'* 18'* 18'a 18 Sou R R 16 3 * 16 16 3 * 15'* Sou R R pfd 19'* 18’ a Union Pac —9B Ts Wabash • ■ 2' ... West Maryland. 9'2 9 3 9 a 9l Equipments— Allis Chalmers 13V, 13*4 Am Brake Shoe 23 Am Car & Fdy 17 Am Car&Fdy pfd 36'4 Am Mach & Fdy 13 3 * Am Steel Fdy 14V* Bald Loco 8 3 a B'i Burroughs H 3 * Ilia Case J I 4114 411* 41' 2 41 Cater Tract ... 281', 28 Deere & Cos 16 15!4 Elec Stor Bat 38 Foster Wheeler . . 16 Gen Am Tk Car. 32'. a 32’* 32* 2 32 Gen Elec 19V* 19 Gen R R Si? 28 Inqsol Rand 551* Int Bus Mach 135 Int Harvester 27'* 27 Natl Cash Reg.. ... 14 s , 14'b Pullman Inc 40 3 4 Rem Rand 8!* BV, 814 8 3 4 Und Elliot 45 West Air B 18 7 i 19 Westingh Elec .33 3 , 331i 331* 331* Utilities— Am & For Pwr 7V* 7’* Am Pwr & Lit 5 4 3 * 5 4 3 4 AT&T . 113 7 a 113la 11315 112’* Am Wat Wks 16!a Col Gas & Elec 9 9 Com & Sou . • I s * IJ4 Consol Gas . 27 3 * 27‘, 2i 3 * 2i’* Elec Pwr & Lit 4 4 Int Hvdro Elec. . 4'2 Int T &- T 10 3 10*2 10-Vk 10'* Lou G & E "A" , 14 3 4 Nat Pwr & Lit 8' 8 North Amer 13 s * 13'2 Pac G & E 16 Peoples Gas , 24'* . Postal Tel pfd 16 Pub Serv N J 33 .. So Cal Edison 13 3 * 13 3 4 Std Gas 8 3 * 8!* Std Gas pfd Bs*8 s * .. Stone <fe Webster 61, 6_ United Corp 3 7 * Un Gas Imp ... .■• 14 3 , 14 3 4 Western Union.. 35 s , 35 1 2 35 s , 35',4 Rubbers— Firestone 16 Goodrich It 1 * Goodyear ... 2412 24 Kelly Spring ... . . 2 U S Rubber 17’ 17', 17', 17’* U S Rubber pfd 39', 39 39*2 38 7 * Miscellaneous— Am Bank Note 14'2 14 Am Can 98 7 * 98 * Anchor Cap 16 7 * 16 2 Brklvn Man Tr 44'* 44 Conti Can 811* 81'* Crown Cork Curtis Pub 19 I*l* Curtis Pub pfd •• • 82 * Eastman Kodak . - ?B'2 Gillette ... ll'i H s ll'a 11 Glidden 25'* 25 Inter Rapid Tr 1; < Owens Bottle 69 68 Ravbestos Mfg . .. ••• ••• 1® * Foods — Am Sugar 68 3 * 68'2 Armour . 6 ’, 6 , Beatrice Cream J® Borden Prod ... • 26, 26 4 Cal Packing 40-* 40-, 40V* 40_ Canada Drv G A 15* Cont Bak A • z Corn Prod 60 Crm of Wheat 31 Cuban Am Sugar • Gen Foods “2, Gold Dust 1‘ 3 * ll," O W Sugar 33 * Natl Biscuit ... • 33 3 - Natl D Prod .. 17 16 l6 * 16 Purity Bak S Porto Rico Bug 3 ® Spencer Kellog f?, 4 Std Brands '2 4 Un Biscuit 33 * 34 United Fruit 72 4 ,2 . Ward Bak A ' 4 Wriglev 64 * 64 Retail Store,— Ass Dry Goods Best &- Cos 33 First Natl Stores 64* Gimbei Bros 3 " Hahn Deot Sts 4 4 Jewel Tea 4 Kresie S S 18 s , 18*2 18 s , 18J* Kroger Ovoc . .. -* 2 Macv R H •• • > *0 f*.. Marshal! Fields 3 Mont Ward 23 s * 23*2 23 5 , 23 Na’l Tea 10 * Penny J C 59’, 58 s , 59 Safeway St . 7® S*?*rs ko*buck 37 36 3 4 36** Wool worth ... ... 30 49 * Aviation — Aviation Corp 4 ’* 4 'z Curtiss Wright 2 7 * 2 7 Curtiss Wright A f', Douglas Air lg 3 Nor Am Av ... 3 1 * 3 s * So-ery Cory B'* B'* United Aireralt . 15 14S Wright Aero .... 47 46 47 45

THE INDIANAPOLIS TIMES

Chemicals— Air Reduction 93 7 98'ii Allied Chem 129 Am Com Alcohol .. ... 27 5 , 27 Col Carbon 67'* Com Solvents.. 20'* 2020', 20 Dupont . ... 91 90 3 < 9. 90 3 4 Freeport Tex 30 30 Math Alkali 29 28 Montosonta Ch . 52 Natl Dis inewi 19 s * 19 ! 2 19 s , 18 'i Schenlev Dist . 21 3 , 20 7 * Tex Gulf Sulph 34 33 1 2 3433 3 , Union Carbine . 42 7 * 42’* 42'* 42’i U S Indus Alco 39',2 39 3 * 39', 39 1 * Virg Ch 6<T„ pfd 19 s * 19 7 Drugs— Cotv Inc 5'2 5 Lambert 74Ss Un Drug 12 s * 12 3 * Zonite Prod ... ... 4U Financial— Adams Exp ... ... 7'j Allegheny Corp .. ... 2'* 2'* Am Int Corp 7 s , 7'* Chesa Corp 40'* Lehman Corp 67!* Transamerica 6 Tr Conti Corp 4!i ... Building— Am Radiator ... 14 13 7 4 13 7 8 14 Gen Asphalt ... 1714 17 17V* 16 7 , Int Cement .... . . 22 3 * Johns Manville 45 3 4 45% 45 s , 45 3 a Libbv Owens G 15333,8 3 , 28 ’ * Otis Elev 14 3 ,* Household— Col Pal Peet 15! 15 15 151 * Congoleum 29 Kelvinator ....... ... 13 13 Proc & Gambe. 37 3 4 37'* Simmons Bed .. 11 lb 11% lIV2 11 Textiles— Amer oWolen 9 9 Celanese Corp 21 21 Collins Aikman ... ... 12 3 4 12 '4 Gotham Hose 5 3 , 5*4 Indus Rayon ... 24 23% 24 231* New York Curb (By Abbott. Hoppin 6s Cos.) —Aug. 21— Close. Close. Alum Cos of Am 56 Hiram Walker.. 25% Am & For P W 4!ijHumble Oil ... 42% Am Cyanide B 17!* Imperial Oil Ltd 15 Am Gas & EL. 22 iHud Bay Min.. 15’* Am Superpower l 7 * Int Petrol 2914 Ass Gas & El.. % Lake Shore Min 55 Atlas Corp ... 9U Libby McN L 7% Brazil Tr & L Ills Lone Star Gas 5 Can Marc I 7 * Mt Producers ■. 4 ! 2 Carrier Corp.. 8 7 ,|Natl Bell Hess 2*a Cities Serv ... i:*:Newmont Min. 46 1 2 Con Gas of B 63 Nia Hud Pwr .. 4 7 * Cord Corp 3 ;, 4 Pen Am Airways 33V* Creole Petrol . 12 b Park Davis 25 Crown Cork Int 6',2iPenn Road ... 2 Deere &Cos ... 15 3 * St Regis Paper 2 s /* Distillers Corp. 13V4 Sal Creek Prod 57* Dow Chem . 77'2Sherwin Wms.. 70% El Bond & Sh lII* Std of tnd ... 27'* Fisk Rubber ... B’iStd of Ky .. .. 15% Ford of Can A 20'4ITeck Hugh Gold 7% Ford of Europe 8% Un Gas 2'* Gen Aviation . 3!* UnPwr & Lt A l 7 * G 1 Alden Coal 20 Wright Harg M 10

Chicago Stocks (By Abbott. Hoppin & Cos i

—Aug. 22 High. Low. 11:00 Bendix Aviation 13% 13 ,/ 4 13% Berghoff Brew Cos 5)4 Borg-Warner .. 22 * Butler Bros 8% 8% 3% Chicago Corp com 2 Cities Service 14 Commonwealth Edison. .. .. 43 Cord Corp 4 3% 4 Marshall Field & Cos.. 11% 10% 11% General House Util ... 10°* Great Lakes Dredge ... .. 16% Libby-McNeil 7‘/z TV* TVs Lvnch Corp 30 National-Standard ••• 24 Sears Roebuck 37% Swift &Cos 18% 18% 18% Swift International ... 37% 37 37% Walgreen Cos com ••• 25)8

Bond Prices By Fenner <fc Beane

—Aug. 22 High. Low. 10:00 Alleg Corp 5s 'SO • 27% AT&T db 5s '65 108 s * 108 108% Atchison gen 4s ’95...'. 102)4 101% 101% B&O Steel 5s A ’36 103)* Can Pac 4s ’57 . • 78 ChMStP&P ad 5s A 2000 8% 8% 8% ChMCtP&P rs 5s A ’75 30% 30 30% Denmark 5%s ’55 90% French 7s ’49 ... 188% Goodyear 5s ’57 . 101 Gt Nor 7s A ’36 89% 89% 89% Interboro RT 5s ’66 ... . 74% Int T&T db 5s ’55. ... 58’% 58% 58 Is McKees&Robb 5%s ’SO 81 80% 81 Nat Dairy db 5%s ’4B . 98 s * NY Cent 4%s O 2013. 67% 66% 67% Nor Am 5s ’6l ... PacGas&El 5s A ’42 106% Para Pub 5%s ’SO 49 47% 49 Poland 7s ’47 .■• 118 Shell Un Oil 5s ’47 99% Texas Corp 5s ’44 103% Un Pac Ist 4s ’47 —lO7 106% 107 US Rubber 5s A ’47.. 84% Vanadium 5s ’4l . .. 89% 88 89% Ygstwn S&T 5s B ’70.. .. ... 84% U. S. GOVERNMENT BONDS (By United Press) NEW YORK, Aug. 21.—Closing Liberties: (Decimals represent thirty-seconds) —Liberty—--3%s (32-47) 103.10 First 4%s (32-47) 103.8 Fourth 414s (33-38) 103.26 —Treasury—--4'4s—3l4s (45) 102.10 4%s (47-52) 111.26 3%S (41-43i March 104.2 3%s (40-43) June 104.6 3%S (43) 103.30 3'*s (46-4) 101.13 3s (51-55) 100.14 FEDERAL FARM LOAN BONDS tßy Blyth & Cos.. Inc.) —Aug. 2l Bid. Ask. 4s Julv 1. 1946—44 98% 99% 4s NOV. 1. 1957—37 98% 98% 4s Mav 1. 1958—38 98% 98% 4%s July 1. 1956—36. 98% 99% 4%s Jan. 1. 1957—37 98% 99% 4%s Mav 1. 1957—37 98% 99% 4%s Nov. 1. 1958—38 99% 100% 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 Julv 1, 1953—33 99 99Va 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% Heme Loan 3s Mav 1. 1952—44 98.20 98.30 4s July 1. 1951 98.30 93.99 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 & Cos.) —Aug. 21— Bid. Ask. Bankers 56Va 57 Brooklyn Trust 86 88 Central Hanover 123% 124% Chase National 25 25% Chemical 40% 40% Continental 12 12% Corn Exchange 46% 46% Empire 17% 18 First National 1.535 1,545 Guaranty 325 327 Irving ... 15'/a 15% Manhattan & Cos 28 28% Manufacturers 19% 19% National City 23% 23 s * New York Trust 95% 96>4 Public . 29 29 3 * TIN PRICES ADVANCE AS PRODUCTION DECLINES Rises Nearly Cent Following Cut of 10 Per Cent in Output. Bp Timet Special NEW YORK. Aug. 22.—Action of the international committee in ruling a 10 per cent reduction to 40 per cent in production of all signatory countries of tin continued to hold the interest of the metal groups, with a result of nearly a cent advance last week. The advance was partially lost later with the undertone remaining quite steady due to the steadiness of sterling exchange. Demand generally was quiet, but important consumers are expected to be in the market again soon after several months absence. Following the recent sudden bulge on the slaughtering program, tin plate operations dropped back to 52 per cent from 85 per cent of capacity. Strength of the Chinese markets was attributed to the advance of antimony prices, while a better demand was noted for prompt shipments from dealers and importers, consumers were generally holding off.

SWINE PRICES RISE 15 TO 25 CENTSIN CITY Cattle and Vealers Also Advance; Sheep Trade Steady. Hogs, which for the last two weeks have showed steady advances, continued their climb toward higher levels at the local stockyards today, averaging 15 to 25 cents higher than yesterday's best prices. Receipts in the swine market totaled 4,000. Holdovers numbered 436. Bulk heavyweights extended farther above the $7 mark, ranging between 57.20 and $7.25. Medium weights sold at from $7.12 to $1.15, lightweights at $5.85 to $6.40 and underweights at $4.25 to $5.60. Packing sows brought prices of from $5.50 to $6. Cattle trading displayed higher prices on all classes, steers and heifers being 25 to 50 cents higher and cows 15 to 25 cents above the previous session. Receipts numbered 3,200 commercial and 2,300 government stock. Top steers brought prices up to $lO. Several loads, however, were being quoted at from $8 to $9.75. Choice heifers sold at $7.50 and the bulk dryfeds brought $6 to $6.75. Good cows ranged between $3.50 and $4.50. Vealers sold at 50 cents higher, ranging from $7 down. Receipts totaled 700. Sheep receipts totaled 1.300 and the market was steady. Ewe and wether kinds sold mostly at from $ i to $7.25 with a few lots ranging upward to $7.50. Bucks held at $1 less. Throwouts brought $4.50 to $6. Hog trading at Chicago was at prices mostly 10 cents higher than yesterday, a few sales being made at $7. Asking was sharply higher. Receipts totaled 12.000, including 5,000 direct. Holdovers numbered 2,000. Cattle receipts were 8.000 commercial and 6.000 government and calves receipts 1,500 commercial and 3.000 government. The market was strong. A steady market held sway in sheep trading which had receipts totaling 9,000. Aug. Bulk Top Receipts. 16. $6.20® 6.30 $6.45 4,600 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 22. 7.20® 7.25 7.25 4.0G0 Market Higher (140-160) Good and choice...? 6.15@ 7.00 —Light Weights—-(l6o-180) Good and choice.... 7.05 ft; 7.15 (180-200) Good and choice ... 7.10® 7.20 —Medium Weights—-(2oo-220) Good and choice ... 7.15® 7.25 (220-250) Good and choice .. 7.20® 7.25 —Heavy Weights—--1250-290) Good and choice.... 7.20® 7.25 (290-350) Good and choice ... 7.05® 7.25 —Packing Sows— . (275-350) Good 6.50® 6.50 (350-425) Good 6.00® 6.40 (425-550) Good 5.25® 6.00 (275-550) Medium 5.00® 5.i5 —Slaughter Pigs—-(loo-130) Good and choice ... 4.25® 6.00 CATTLE Receipts, 3,000; market, higher. —Steers—-(sso-900) Choice $ 6.75® 8.75 Good 5.75® 7.50 Medium 4.25® 6.25 Common 2.75® 4.25 (900-1.100) Choice B.oo® 9.50 Good 6.75® 8.50 Medium 4.50® 6.50 Common 3.00® 4.50 (1.100-1,1D0) Choice 8.50® 9.75 Good 6.75® 8.50 Medium 5.00® 7.00 (1.300-1,500) Choice 9.00®10.00 Good 7.50® 9.60 —Heifers—-(sso-750) Choice $6.75® 7.50 Good 5.50® 6.75 Common and Medium 2.75® 5.50 (750-900) Good and choice .. 5.50®. 7.50 Common and medium 2.75® 5.50 —Cows— Good 3 50® 4.75 Common and medium 2.50® 3.50 Low cutter and cutter 2.50® 3.50 —Bulls — (Yearlings excluded) Good 3.00® 3.50 Common and medium 2.00® 3.00 VEALERS Receipts, 700; market, higher. Good and choice $ 6.50® 7.60 Medium 4.50® 6.50 Cull and common 2.50® 4,j0 --Calves — (250-500) 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 (800-1.0501 Good and choice .. 4.00® 1 5.25 ; Common and medium 2.50® 4.60 (Heifers) Good and choice 2.75® 3.75 Common and medium 2.00® 2.7a (Cows) Good 2.00® 2.75 Common and medium 1.50® 2.00 SHEEP AND LAMBS Receipts, 1,800; market, higher. Lambs. 90 lbs. down, good and choice S 7.00® 7.50 Common and medium s.os® 7.00 —Ewe S —~ (90-120) Good and choice 1120-150) Good and choice ... 1.50® 2.50 Al Ldiur S .\. Common . and ..- I.oo® 2.00 Other Livestock (By United Press) CHICAGO, Aug. 22.—Hogs—Receipts. 12 - 000. including 5.000 direct; holdovers. 2.000; market active around 25c higher; weights above 200 lbs.. s7® 7.10; practical top $7.20; small lots. $7.25; 170-200 lbs.. 56.70 ®7; light lights. 56®6.50; pigs. 50.25 down; packing sows. $6.15® 6.60: light lights, 140160 lbs., good and choice, $5.75®6.75. light weight. 160-200 lbs., good and choice. $6.50® 7.10; medium weights. 200-200 lbs., good and choice. $6.90®7.20; heaty weights. 250-350 lbs., good and choice. si9o® 7.20; packing sows. 2(5-550 lbs., medium and choice. $5.25® 6.65: slaughter pigs. 100-130 lbs., good and choice. s4® 5.75. Cattle—Receipts 8.000 commercial; 6.000 government; calves 1.500 commercial. 3.000 government; practically all killing classes Itrong to 25c higher; weighty steers showing maximum upturn: market rather sjo* on lower grades; mostly steady to strong but generallv active early all through list. All steers and yearlings at new high tor season, quality and weight considered about $10.25 for 1.160-pound steers, better grade heavies $9 upward; slaughter cattle and vealers steers 550-900 lbs., good and choice S6® 8.50; 900-1.100 lbs., good and choice! $6.25® 9.50; 1.10.0-1.300 IBs good and choice. $6.50® 10.25: ood and choice. $7.50® i0.25: 550-1,300 U)s., common and medium. J 2 heifers. 550-750 lbs., gooand and }, 7 50; common and medium. S2.isod_oo. cows, good $3.50®5.50; common and medium. $2 50® 3.50; low cutter and cutter. $1 75® 2.50. bulls (yearlings excluded', good beef s3® 3.75; cutter common and medium. $2.50® 340: vealers good a" d choice. $6.25® TSO. medium. s4® 6.2a . cull and common, s3® 4; stocker and feeder cattle; steers. 550-I,OaO lbs, choice. $4.50® 5.25: common and medium $4.25®4.50. Sheep—Receipts. ® 00d : a i?r lambs slow, indications around stead>. best of lambs held above S. aO. but earls bids under $7.25: few sold to outsiders at $7.35: sheep steady: native ewes $2 n 2 ,5. slaughter sheen and lambs: lambs 90 lbs. down, good and choice. S6 50® i.40 common and medium. $4.75®6.60; ewes. 9VlaO lbs good and choice. s2® 3: all weigfits common and medium. $1.50 a 2.50. feeding lambs. 50-75 lbs., good and choice. sa.so ® 6 ißy Times Special* LOUISVILLE. Aug 22.—Cattle commercial. 250. including one load bil.ea direct and around 50 stockers slaugn.e. classes in light supply; quality plain, market, moderately active and fJliy steadv; bulk common to medium slaughter steers and heifers. s2.7s®ffiO; few cuf.er grades down to $2 50 ano less. finished stezrs and heifers quotab e So-ib. bulk beef cows. $2 50-/ 3: smooth Kinds to ;$3 50. and desirable heifer types above: iow cutters and cutters. $1®2.25: sausage bulls scarce and based on Tuesday’s marI ket quotable mainly $2 25®2.75: odd neaa l desirable heavyweights higher: stoexer and feeders moderately aedve and fully I steadv; bulk desirable Herefords. s4® a: I common to medium grade natives, mainiy 50® 3 50: calves, commercial 500. in--1 eluding around 150 stock calves vealers. (steady; bulk better grades $5 50®6: heavy i calves and medium lower grade vealers $4 50 down. Hogs—Receipts. 600; market. 25c higher: 18a-275 lbs . $7 la: 280 lbs . uo $6.70 160-180 lbs . *6 4o; 140155 lbs.. $5 05 120-135 lbs.. $4 45: sows. $4 05 grassv and unfinished hogs discounted Sheep—Receip’S. 1.000; supplylight qualitv plain, demand dependable: market, generally steadv most trucked tn ewes and wethers of quality to sell from s6® 6 25, choice kinds to $6.50; some strictlv choice longhauls to $6.75; bucks discounted SI a cwt; throwouts ranged mamlv from $3 50 ®4: bulk fat ewes. sl® 3; few higher; stock ewes fully steady, mostly 16&7.50 a h&ad; choice kinds to SB.

Indiana Business Presents Conflicting Trend in July

Steel Industry at Low Ebb but Auto Sales Reach High Figure. With the steel industry at low ebb and automobile sales at a high figure, unusual conflicting trends marked Indiana business during July, the monthly bulletin of the Indiana University Research Bureau shows. The general level of business ac- ! tivity during the last four months has fluctuated within narrow limits, although at higher points than in ; recent years, the bulletin said. "The steel industry was one of; the extreme conflicting trends, hav- ! ing typical mill reductions in operating schedules of nearly 50 per cent,” the bulletin reports. “Auto sales on the other extreme, were greater than in any other month since May, 1930, with the exception of April, 1931. The large j contra-seasonal gain brought the In-1 diana index of new car sales up to 19.9 per cent above normal. Used- i car sales also made a substantial; contra-seasonal gain. "Total Indiana employment at the end of July was down to the level, maintained in early March. Part j of the July decline was the result j of seasonal factors. "Indiana coal mines continued to operate on restricted schedules be- i cause of continued hesitancy of industrial concerns, domestic consumers and retailers to purchase coal in anticipation of future needs. "Few lines were as quiet as the limestone industry during the year ending July 31. “Automobile production made less than the usual seasonal decline and total output continued well above the like periods during the past two years. Auto parts and accessories plants were busier than during any I other July since 1929. "The decline in electricity production was largely a result of a reduction in industrial demand. There was a slight decrease in the amount of electricity consumed as a direct result of the hot weather. "Representative Indiana cities had increased bank debits during July over the corresponding total for June, despite the fact the past month had one less banking day than June., "Life insurance sales made less than seasonal decline and newspaper advertising made more than the normal seasonal decline. However, newspaper advertising remained above the record low set for July in 1933.” Produce Markets Delivered In Indianapolis prices: Heavy hens. 11c Leghorn hens, Bc. 1934 broilers. 2 lbs. and over. 13c Leghorn broilers l'/a to 2 lbs. and over 11c bareback broilers 10c: old roosters, 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 tor each pound under 55 lbs. will be made. Butter—No. 1. 30@31c. Butterfat. 23c Quoted bv Wadley Company. -By United Press) CHICAGO. Aug 21. Eggs—Market, steady; receipts. 4,420; extra firsts. 20',4C; fresh graded tflrsts, 19 3 *c; current receipts, i6®lß' 2 c; dirties No. 1,16 c; No. 2, 12c: checks No. 1. 15c; No. 2,12 c. Butter —Market, firm; receipts, 13,018; extra firsts (90-91',2 score), 26®26' 2 c; extras (92 scorei, 27'*c; firsts (88-8912 score), 24’,2 ®2s'ic; seconds (86-871-2 score), 22)2® 23 ! 2 c; specials. 27 3 ,4®28'2C; standards, 26 j 4. Poultry—Market, steady; receipts 41 trucks, 1 cars due; fryers, 1412@17c; broilers, 15® 16c; Leghorn broilers, 14® 15c; geese, 7®Bc: turkeys, 10@15c; old roosters, B'2c; hens, 14''2®16c; black chicks. 10®12c; barebacks, 13c; cocks. 8c; Leghorn cocks, 9c; colored springs. 16c; white rocks, 17',2®19c; Plymouth Rocks. 19c; ducks. B®l2'/2c; colored Plymouth Rocks, 16c: Leghorns. 12c. Cheese—Twins. 13 ®l3’/2C; Longhorns, 13%® 14c; Daisies, 13)2®14c. Potatoes—Receipts. 35; on track. 118: shipments. 407; market, steady, trading light; Idaho Russets. $1.85: Wisconsin Triumphs. $1.55® 1.65; medium to small, $1.40; North Dakota Triumphs, $1.60®1.70; Wisconsin Cobblers. $1.50® 1.55; California White Rose. $1.85; Pennsylvania Cobblers, $1.62’, 2 ; New Jersey Cobblers, $1.55. NEW YORK. Aug. 22.—Potatoes—Steady; Long Island, 50c® $1.05 bag: New Jersey, 90c® $1 bag; southern. 35® 90c bag. Sweet Potatoes—Quiet; Jersey, basket, $1®2.25; [email protected]. Flour —Firm: springs, patents, Southern barrel, $1 fr/ 3.50: Southern, basket, $7.80®8 barrel. Pork—Firm: mess. $22 barrel, (xi. Lard—Firm; middle west, spot. $6.60®6.70 a 100 lbs. (xt. Dressed poultry —Firm; turkevs. 17® 32c; chickens. 9® 28c; broilers, 16® 23c: capons 25®<35c; fowls. 9® 20c: Long Island ducks. 13® 15c. Live poultry—Steady; geese. 6®7c: turkeys. 10® 15c; roosters, 10c: ducks. 8® 14c; fowls, 11 ®l9c; broilers. 15®22c. Cheese—Steadv; state whole milk fancy to specials, 19® 20c; Young America, 14 3 *®lsc. Butter—Receipts. 16,344 packages; market slightly easier; creamery, higher than extras. 28x ®29c; extras <92 score). 28c; first (90 to 91 scorei. 26 3 4®27'2C; firsts (88 to 89 scorei. 25®26c; seconds, 24®24'2C. Eggs —Receipts, 24.902 cases; market steady; special packs, including unusual hennery selections. 24®28'2c; standards. 23 3 (c; firsts. 21'2C: seconds. 20c; mediums. 19c; dirties, 19®19'2C; checks. 16 ,/ 2@17 , /2C. ixi—Export tax not included. CLEVELAND, Aug. 22.—Butter—Market, steady: extras. 31c; standards. 31c. Eggs —Market, steady: extra white. 23c: current receipts. 18c; ordinary firsts, 14c. Live Poultry—Market, firm: colored fowls, 4*2 lbs. and over. 17c: roosters, old. 10c: ducks, white. 5 lbs. and over. 13c. Potatoes—New Jersey best, $1.40®,1.45 100lb. bag. On Commission Row —Aug. 22 — Quotations below are average retail prices being offered to buyers by local commission house dealers. Apples—Fancv Delicious, $2; Transparents, $1,500:1.75. Peaches—lndiana Elbertas, bushel. $2.50. Plums—ltalian. '2 bushel. $1.40, Oranges—California Sunkist. $5.25: Valencias. [email protected]. Lemons —Sunkist. $6.50. Grapefruit—Florida seedless. $4 25®4.50. Cantaloupes—lndiana, bushel, 75c Ssl. Pears—Bartletts. $1.75. Watermelons—2sc. Bananas—Pound. sc. —Vegetables— Sweet Corn—Home grown, doz., 20c. Cabbage—Northern. 2' 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 Jersevs. $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. sl. Tomatoes—Home-grown. 10-lb. baskets, 35c; bushel. SUJI.2S. CHICAGO FRUIT MARKET (By United Press* CHICAGO. Aug 22 —Fruit and vegetables: Apples—Michigan Dutchess, bu . 75c 5 sl. Cucumbers—Michigan, bu. 50® 85c. Tomatoes—Michigan, basket. 17’.- ® 75c Sweet Potatoes—Tennessee, bu . $1 50 ®1 65 Peaches—Georgia, bu . $1.65® 2.25. Peaches—lllinois, bu . $2®2.50 Lettuce— California, crate. s3® 3.75. Beans—Michigan. wax, $1.25® 175; Illinois. green beans, bu . sl® 1.50 Cabbage—Wisconsin, 'crate. 75c® $1.25. Canteloupes—Michigan. cra’e. 30c® $125. Corn—Sacks. 40® 50c. , Carrots —California, crate. $2.25®2 50 Peoi pers—lllinois, bu 50® 85c. Celery—Michi igan. crate 50® 75c. Western Cauliflower I —sllo® 125 Onion market 'SO-lb sarksi —California whites. $1.50® 165: Washington Valencias. $11501.30; Wisconsin vellow. slos® 110; Michigan yellows, sl.lO Other Livestock /By United Presst LAFAYETTE Aug. 22.—Market. 20c to 30c higher: 200-325 lbs $7.05®7.10; 170200 lbs. $6 90® 7: 150-170 lbs $6 150.8 85; 130-150 lbs $5.60® 5 90. 120-130 lbs.. ss® 5 35: 100-120 lb*. 4®4 50; roughs. $6 down; top calves. $6; lambs, $6. FT WAYNE. Aug 22—Hogs—Receipts. 10c higher; 250-3.000 lbs. $7 15: 200-250 lbs.. $7 05: 180-200 lbs. $6 95: 160-180 lbs.. *6.85; 300-350 lbs *6 95: 150-160 lbs . *6 10: 140-150 lbs . $5 85: 130-140 lbs . $5 60: 120130 lb.. $5.10: room lbs., $4.85: roughs. $5.50; stags, $3.75; calves, (7; lambs, $7.

NATIONAL BELLAS HESS NETS $171,278 IN YEAR Earning* Far in Excess of Previous Ten Months of Operation. Hi; Times X/M-rioi NEW YORK. Aug. 22—Operations of National Bellas Hess Inc., New York and Kansas City mail order house, for the fiscal year ended July 31, showed a net profit of $171,278.57. after deductions of $30.387 for taxes and $57,366 for employes’ stock participation, according to the annual report. This compares with a profit of $48,910.92 reported on July 31. 1933. j which covered the first ten months of operation of the company after reorganization. Total net sales of the company for the year ended July 31. amounted to $6,903,595.89 compared with $4,741,386.90 for the first ten months of operation ended July 31, 1933. JULY ADVERTISING HIGHER THAN 1933 Newspaper Lineage Shows 6.4 Per Cent Gain. B’l Timm Special CHICAGO, Aug. 22.—While the rate of increase in volume of advertising has declined somewhat, advertising activity continues at a greater pace than in 1933, according to an analysis of July lineage figures in seventy-seven leading cities prepared by Advertising Age. Total lineage in newspapers in those cities was 116.877.000 for July, 1934, compared with 109.733.000 for the corresponding month of 1933. a gain of 6.4 per cent. Every classification showed an increase except financial advertising, which registered a loss of approximately 24.8 per cent from the 1933 figures. Retail advertising increased 3,730,000 lines to 59,108.000 lines, a gain of 6. per cent. General advertising gained 7 per cent, totaling 21,727.000 lines, and automotive advertising climbed to 9.671,000 lines, a gain of 1,354,000 lines. This was an increase of 16.3 per cent, the largest recorded by any classification. Classified advertising, which is regarded as a good index of employment activity, also showed a slight gain, increasing 807.000 lines to 19,633.000. a gain of 4.3 per cent. Magazine advertising also coatinues to rise. Advertising Age reports, July figures for 102 publicatir j registering a gain of 30.6 per cent compared with July. 1933. The total for the month was 1,348,000 lines, an increase of 316.000. WHOLESALE COMMODITY PRICES RISE IN WEEK Four-Point Advance Carries Index to 75.4 Per Cent. Bp Times Special NEW YORK, Aug. 22.—The general average of wholesale commodity prices advanced last week to the highest level reached since March, 1931, according to an announcement made by Commissioner Lubin of the bureau of labor statistics of the United States department of labor. "The index number of the bureau four-tenths of 1 per cent. The current advance places it at 75.4 per of labor statistics increased by cent of the 1926 average. “The present index is 1.2 per cent above the level of a mor.th ago, is B'2 per cent higher than the corwhen the index registered 74.5. It responding week of a year ago, when the index was 69.4, and 15 's per cent higher than two years ago, when a level of 65.2 was reached. The increase since the first of the year has been approximately 6',2 per cent.” Marriage Licenses James Beeman, 50, city, engineer, and Nora Allison. 27. ol 725 North Alabama street, housekeeper. Earl Finn. 33, of 2607 North Delaware street grocer, and Josephine Cole, 20. of 2334 Guilford street, housekeeper. George Elliot. 64, of 1128 Fairfield avenue, retired, and Myrtle Christofferson, 60, of 1123 Fairfield avenue, housekeeper. Roy Johnson, 22. of 819 Chadwick street general labor, and Lucille Davis, 20, of 725 Missouri street, housekeeper. Myrl Roach. 31. of 2129 Conrad avenue, electrician, and Clara Jarrett, 37, of 21*9 Conrad avenue, housekeeper. Charles MacDougall. 24. R. R 17. Box 47K mechanic, and Beatrice MastPller. 19, of 209 West Twenty-six'h street, maid James Ferguson. 70. of 449 West Thirteenth street, laborer, and Susan Parker. 50. of 449 West Thirteenth street, housekeeper. Arthur Crone, 26, of 2338 Prospect street, salesman, and Imogene Paris. 28, of 2020 North New Jersey street, bookkeeper. Frank Eggelbrecht. 47. Ft. Harrison soldier, and Leona Robinson, 43, of 1426 Oliver avenue, housekeeper Carl Sliding. 26, of 1822 South East street, pharmacist, and Sylvia Weber. 26. of 3619 South Pennsylvania street, stenographer. Sibble Tacoma. 48. R. R. 5. Box 335, locomotive engineer, and Katherine Woods, 50. R. R 5. Box 289. housekeeper. Charles Clark. 34, of 2154 North Capitol avenue, cook, and Clementine Coffey. 19. of 2210 North Meridian street, maid. Oliver Williams, 23. of 2722 Columbus avenue, salesman, and Clotheel Stubblefield. 18, of 2618 North James street, housekeeper. Howard Huber, 24. of 1217 Sterling street, painter, and Margaret Harvey. 18 of 2026 Tipton street, housekeeper. Edward Bolden. 28. of 1311 Markwood avenue drv cleaner, and Gertrude Walters. 21. of 523 Pleasant Run boulevard, housekeeper. John Koopman. 27, Haynes, Cal . dairyman, and Anna Vanderploeg. 23. R. R. 1, Box 549, housekeeper Harry Cruse. 29, of 1912 Woodlawn avenue! salesman, and Genevieve Stetel, 29. of 1412 Lexington avenue, housekeeper. Lewis Tanner. 24. of 1160 North Warman avenue machinist, and Mary Reed 19. of 3024 West Michigan street, waitress. Alvin Storey. 24. of 515 East Thirtysecond street, clerk, and Lillian Power, 25. of 906 East Seven'eenth street, dark. William Way, 21, Peru, farmer, and Grace Nichols. 19. of 2020 College avenue, housekeeper George Miller. 25. of 846 Parker avenue, clerk, and Margaret Gaston. 25. of 565 North Belle Vieu place, stenographer. Arnold Kizzee. 20. of 840 Bates street, laborer, and Lucille Hardin. 20 of 737 North Sheffield avenue, store clerk. Gaylord Sweanv, 28, Bridgeport, postal clerk and Gladys Hammel. 25. of 4355 Winthrop avenue, clerk Jerome Schlosser, 26. of 3314 East Thirteenth street ice saiesman, and Mary Greene 27 of 1207 North LaSalle street, restaurant work William Staab 22, of 810 Warren avenue, truck driver, and Dorothy Fort. 21 of Birch avenue, housekeeper George Ogden. 29. Tipton, truck driver, and Edna Borton. 36. of 1708 Roosevelt avenue, housekeeper. Plumbing Permits A J. Schmidt. 3932 Fletcher, two fixtures. A J. Schmidt. 3936 Fletcher, two fixtures. C. A. Topp. 1215 St Paul, one fixture. H Danger 1110 Linden, two fixtures. Huber-Fiaskamp. 16', East Washington, eight fixtures. H. Wischmeier. Southern an* Shelby, four fixtures. Bremer Bros., 3809 English, three fixtures. Kirkhoff-'Woelfing. Delaware and Washington. nine fixtures. Kirkhoff-Woelfing Block a department store, three fixtures. M. A. Armssted, 536 Northwestern, two fixtures. John H Gottenoller. 349 North Meridian, two fixtures. Bert Cool. 109 Koehne. five fixtures. L B. Uphaui. 2363 Olney, three fixtures.

PAGE 11

GRAIN FUTURES CLIMB TOWARU HIGHERLEVELS Register Gains for Fourth Consecutive Day: Corn, Oats Strong. BY HARMAN W. NICHOLS Umtrrt Press Staff Correspondent CHICAGO. Aug. 22—The grain markets continued their climb Into higher grounds today, the fourth consecutive day on w hich gains have been registered on the Chicago Board of Trade. Wheat opened 3 * lower to a i’ higher; corn was up h to oats were up ! * to : S, and rye was off 3 *. Strength in the foreign markets again was a factor in the improved Chicago prices. Liverpool was sharply higher on wheat. Threshing is getting under way in Canada and the out-turn there is being watched closely by traders. The corn market was strong with continued good demand for cash grain. Oats were strong on the prospect the United States may have to import this grain to meet domestic demand.

Cash Grain

INDIANAPOLIS —Aug. 21— Thp bids for car lots of grain at thu call of the Indianapolis Board of Tradr. f. o. b.. shipping point, basis 17',c to river: Wheat—Firm: No. 1 red, 93®94c: No. 2 red. 92® 93c: No. 2 hard 93® 94c Corn—Strong: No 2 white 71’-®72 , ie: No. 3 white. 70)i(ff71',c: No. 2 vellow. 70', ®7l',c; No. .3 vellow 69'2®70',c; No. 2 mixed. 69V 2 @701aC: No. 3 mixed, es'j'a 69 1 2C. Oats—Strong; No. 2 white. 49®50c: No, 3 w hite. 48® 49c. Hav—Steadv: (F. o. b. country points taking 2.3’, or less rates to Cincinnati or Louisville). No. 1 timothy. $14®.14.50. Corn—No. 2 white. 1 car; No. 3 white. 1 car: No. 5 white. 1 car: sample white. 1 car; No. 2 vellow, 4 cars; No. 3 vellow, 8 cars; No. 4 vellow. 2 cars. Total. 18 cars. Oats—No. 3 white. 3 cars: No. 4 white, 2 cars. Total. 5 cars. Loral Wagon Wheat City grain elevators are paying 92 cents for No. soft red wheat. Other grades on their merits (By United Press) CHICAGO, Aug. 21.—Cash grain: Wheat —No. 2 red, $1.05)401.05',; No. 2 hard, $1.11; No. 3 hard. $109',. Corn—No. 3 mixed. 77' 2 c; No 2 yellow. 77 3 4®78'4c; No. 3 yellow. 77 , /4@77 i 2C; No. 4 yellow, 77c; No. 2 white, 78 3 *®79c; No. 4 White, 78c: sample grade. 75'/,c. Oats—No 2 white. 53‘2 054 c; No. 3 white. sOUos2'ic: No. 4 white. 49'.ic. Rve —No sales. Barley Sales. 84c® $1 22; quotable, 80c® $1.25. Timothy sedd —$16.50018. Clover seed—sl2ol7. Cash provisions—Lard. $8.72; loose $8.50: leaf. $8.50; bellies. $12.70. NEW YORK. Aug 21.—Cash grain; Wheat—No. 2 red. sl.l8 7 „: No. 2 hard winter. 51.21 7 * Corn-No. 2 mixed. 82Vic. Oats—No. 3 white. 61^<c. TOLEDO. Aug. 2t. —Grain close: (In elevators transit billing® Wheat—No. 3 red. $1.0501.06. Corn—No. 2 vellow. SOW ®Bl’,c. Oats—No. 2 white 54' , ® 55' 2 c. Rve—No. 2. 87' 2 ®88'2C. (Track prices. 24 Wc rate) Wheat-No. I red $l,OlO 1.02: No. 2 red $1.0001.01. Corn—No. 3 vellow. 76' 2 ®77c: No. 3 vellow. 75'j®) 76’ 2 r: No. 4 vellow. 74 1 2®75 ,, 2C. Oats— No. 1 white. 52'54' ic: No, 2 white. iVk 052'ic: No. 3 white. 49 , 2@51'iC. Chicago Futures Range —Aug. 22 Prey. Wheat— High. Low. 10 00. close. Sept 1.05’ 2 1.04’ 2 1 04 3 /* 1.04 7 4 Dec ir6 3 * LOST* 106 1 05% May 1.08 1 2 1.07% 1.07% 1.07% Corn— Sept 76% .76'i .76% .75% Dec 73% .78% .78% .78% May 81% .81V* .81V* .81 Oats— Sept 51% .50% .50% .50% Dec 51% .51 % .51% .51% May 52% .52% 52% .52% Rye— Sept ,86 s * .86 86% .85% Dec 88% .87% '.BB ,88 May 92% .91% .91% .9134 BarleySept 8.3 .83 Dec 80 .79 .79% .78% The above quotations are for new options. CHICAGO PRIMARY RECEIPTS —Aug. 21— —Bushels— Today. Last week. Wheat .325,000 506,;)00 Corn 593.000 389,009 Oats . 183,000 65.000 Births Girl* Louis and Ann Emmerd, Methodist hospital. Maurice and Margaret Midtbruget, Methodist hospital. Herbert and Della Stewart, Methodist hOßDital. Charles and Maxine Long. Methodist hospital. Lester and Pearl Asher, Methodist hospital. Frank and Nellie McHenry, 842 North Beville. Raymond and Elizabeth Hanelin. 270 J Dearborn. John and Lillie Boltz. 2245 Parker. John and Clara Svmmes, 1316 West Twenty-third. Sherman and Malinda VanDvke. 638 Cleveland. Charles and Marjorie Johnston. 725 Parkway. Harry and Laura Martin. 336 North State. Boy* Winfield and Ardith Hollander. Methodist hospital. Clarence and Marguerite Warster. Meth. odist hospital. Edward and Florence Jacobs, Methodist hospital. Clark and Wilma Hardesty. Methodist hospital. George and Mildred Reynolds, Methodist hospital. Raymond and Gertrude Schmidt. Methodist hospital. Raymond and Gertrude Schmidt. Methodist hospital. Samuel and Genevieve Snlvely, Methodist hospital. Ralph and Freves Randell. 1605 Carrollton. John and Frances Patrick. 1632 East Raymond Frederick and Olive Romine, 1020% East Washington. James and Geneva Rush. 2319 Hovev. John and Mary Phillips, 1160 North Tibbs Flovd and Daisy Dugan, 2240 Station. Atha and Mary Simpson, 1432 Everett. Milton and Viola Turner. 122 West Eleventh Samuel and Grace Rhodes. 2215 North Dearborn. Everett ard Rita Stewart. 1221 Calhoun. Phillip an. Ida Roell 235 East lowa. Twin* Ernest and Hattie Cross. 1312 Lexington, girl and boy. Deaths John T Loft, 70. of 441 North Arsenal, broncho pneumonia. Charles Bowers. 52. Central Indiana hospital general paralysis. Mildred Myrtle Lockman. 61, of 1418 North La Salle, arteriosclerosis. Ruth Mason Henry. 37. Methodist hospital general septicaemia. Jackie Lee Stortyum one month, Methodist hospital, inanition. Cornelius S. Slack. 56. of 901 Broadway, carcinoma. Carrol Otis Mutter, 32. of 1462 Brookside. carcinoma. Mollie William*. 75. of 2030 North Capitol, chronic mvocardltis. Edward H Waddell. 60. of 5741 Madison, diabetes mellitus Eugenia Harrell. 40. city hosiptal, lobaf pneumonia. The Gibson, one of San Francisco’s most popular cocktails in the old days, contained an onion, among other ingredients.

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