Indianapolis Times, Volume 46, Number 89, Indianapolis, Marion County, 23 August 1934 — Page 18

PAGE 18

Wall Street Predicted Boom for U. S. Based on Prospective Credit Expansion. —BY RALPH HEXDERSHOT— Times Ssttitl liDlscist Writer

THE new book (tt really is a pamphlet! by L. L. B. Angas. prominent British economist, which Wall Street has awaited so long, finally has arrived. The authors prediction of a boom in America, as your correspondent anticipated a few days ago. is based on prospective credit expansion rather than

on currency inflation, al- j though he ! r e c o g nizes : the possibili- j ty of the latter if the former should fail. Com plete faith In the monetary do 1 1 c ie sos! Pres id ent j Roosevelt is j expressed by Mr. Angas. This was rather s u r- i

llendershot

prising to the Street, since most economists in this country have j been throwing cold water on them, predicting all sorts of dire conse- j quences. Concerning these policies he says in part: "On the surface, to an observer who sees from day to day only the disjointed and apparently unpredictable actions of the administration. the whole, experiment is apt to appear as the muddling meddling of a happy-go-lucky opportunist, j whose disturbing though well-meant efforts are proving more a hindrance than a help to recovery. mum "TT is because I feel that this view J. is so widespread that I humbly offer this book as an attempt to explain and justify the Roosevelt experiment. and to show how. if,steadfastly pursued, it is bound to reach a successful conclusion. . . . "Nonmonetary factors, such as a changing need for goods, variations in tastes, rffl'-iency in production, varying harvests and so on. are undoubtedly the cause of considerable minor fluctuations in trade, but the great underiving causes of the big cyclical swings from prosperity to depression are undoubtedly purely monetary in character. In modern economy money is interposed between every exchange of goods and services, and in view of this many people are inclined to regard it solely as a medium of exchange' and no more or less important than the lubricating oil in an engine. Ban "RUT money is also used as ‘a 13 store of value,’ for which the public demand varies according as they think it is likely to appreciate or depreciate in value. If money is expected to appreciate—i. e.. if general prices are expected to fall, owing. say, to loss of gold, a strained barking po ition or bank credit contraction through nervousness peoole tend to spend money less rapidly on goods and industrial, securities; whereas if money is ex- ! pect<Kl to depreciate, owing, say. to credit expansion, holders of money uuSnces tend to spend them more rapidly on goods and industrial securities. In this way factors re- , la ting to money itself and to changes in its quantity and in its j exDected future value as compared j with goods may largely influence its , short-run flow and thus aflect general business.” Mr. Angas makes the point that, contrary to the general claim that inflation already has failed in this j country, it has not really begun. It has taken a year he maintains, to prepare the groundwork for it. He believes that this warming up of the credit machinery "will bring j trade, prices and shares to higher levels in America." m • u THE daring economist claims that President Roosevelt is doing exactly what was done in England. except that he is doing it in a different way. And he insists, "if they succeeded in England, where the cotton trade and shipping are dying out and where prosperity depends up to 30 per cent on foreign trade, how much more easily will they succeed in America, with her unbounded resources. her masses of gold, her lack of dependpice on foreign trade and her popultion of one hundred and twentyve millions, who can trade with ,ie another without the impediment f tariffs.” iNNOUNCE NET INCOME Six .Month's Fannings Total 557,1%; Loss Suffered Last Year. 8 j Time* Special NEW YORK. Aug. 23 —Operating statement of the Federal Motor Truck Company and subsidiaries for the six months period ending June 30, shows a net profit of $57.196 88. after depreciation and all charges excepting federal taxes. This compares with a loss of $182,707.01 for the same period of 1933. Current assets, including cash and marketable securities of $660.028 00. amounted to $2,728,353. and current liabilities were 5412.370. On Dec. 31. 1933. assets were $2,432,489 and liabilities $238,298. N. Y. Coffee Sugar Futures —Aug U—COfTFE Santos H.ztl Loir Close March 11 10 11 00 11 90 May 11 07 11 05 11 0a Julr 11 11 September 10 90 10 M 10 90 December 10 97 10 95 10 95 Rio January *l2 March 123 g no s 17 Mar * 24 8 20 * 24 My 8 3i September 7 88 December 8 07 8 03 * 07 SUGAR -Ajj 22 High Low Close January 1.7* March I*s I*2 *uJ May 190 I*7 I*7 Julr 1 95 1 92 1 92 September 171 187 187 December 17* i 75 1.75 In the Cotton Markets -Am 22CHICAGO High Low Close. January 13 57 13 44 13 44 March 13 6* 13 55 13 55 MuT 1J 7* 13 65 13 65 October 13 J* is 22 13 23 December ... 13 53 13 35 13 35 XT W YORK January 13 4S is IT 13 37 fcarrft 13 *4 13 4* 13 49 Mar 13 70 13 55 13 .54 JJiT 1* TJ 13 *3 13 S3 O-iober ... . .... 11 jj is IS 13 15 December ... 13 46 13 30 13 31 NEW ORLEANS January .. 13 41 13 34 13 34 March 1* 5* 13 44 13 44 Ma-- 13 5* 13 5* 13 5* Juty 13 5* < :uAr 13.24 13 13 13 IS Decymear 13 40 13 20 13 28

LIQUOR STOCKS RISE POINT IN ACTIVE TRADE Other Issues on New York List Move Drearily; Changes Small. BY ELMER C. WALZER United Press Staff Correspondent NEW YORK, Aug. 22.—The stock j market moved drearily today with I only the liquor stocks showing any pronounced trend. National Distillers, United States Industrial Alcohol. American Commercial Alcohol and Schenley Distillers all moved up about a point in fairly active trading. The remainder of the list, however, continued to hold close to previous ! closes with United States Steel up . at 35 American Telephone off J 2 at 112; American Can unchanged at 99; Atchison unchanged at 52 and New York Central unchanged at 23. Union Pacific dropped a point to 101. Commodity markets were also colorless. Cotton was about steady. United States government issues on the bond market, after earily heaviness, came back some after Secretary of Treasury Morganthau indicated no new gold action was contemplated. Money and Exchange INDIANAPOLIS RANK CLEARINGS —Aug 23Ciesrings $1.479 000.00 5.209,000 00 FOREIGN EXCHANGE I Bv Abbott. Hoppin Sc Co.i -Aug. 22 Sterhr.e. England franc France 0669'i Lira Italv 0871', Beigtas. Belgium 2382 Mark. Germany 4005 Guilder. Holland 6880 Peseta. Spam 1388 fvrone. Norway 2562 Krone. Denmark !.!! .2271 Treasury Statement ißv United Pressi WASHINGTON, Aug. 23—Government expenses and receipts of the current fiscal 'car of Aug 21. compared with the corresponding period of the previous fiscal year. . This Year Last Year. Expenses 8 807.814,618 13 $516.379 266 58 Receipts 428 974 415 27 306.45Y084 03 Deficit 378.840 203 86 209.924,181 53 Cash bal. 2 214.256.226 00 Investment Trust Shares tßv Abbott. Hoppin At Cos. i —Aug. 22 . , _ Bid. Ask. American Bank Stocks Coro .. 101 105 American A- Gen Sec A 350 450 Americana.- Inv Tr Sh 1.75 Basic Industry Shares *. 3.05 310 Bri'ish T\pe Inv Tr Sh 36 44 Collateral Trustee Shs A 425 437 Corporal- Trust Shares ioldi . 1.90 195 Cos porate Trust Shares mewl. 215 2.20 Cumulative Trust Shares .. 370 380 Diversified Tr Shs A 6 25 Diversified Tr Shs B 7.25 7.50 Duersitied Tr Shs C 2 81 2 85 Diversified Tr Shs D ... 4 25 4.37 First Insurance Stock Coro ... 50 .87 Fust Common Stock Coro 53 .57 Fixed Trust Oil Shs A 7.50 Fixed Trust Oil Shs B 6 50 I'.corporators Investments ... 16 37 16 67 Funds mental Investors Inc .... 1.78 1.96 Land Bank Bond Shs . 1.75 1.27 In Prices Trust Shs 5.20 5.40 M.=s Inv Trust Shs 13.04 19 61 Nation Wide Securities .. 202 298 North Am Trust Shs <s3i .. 179 Nnr'h Am Trust Shs <55-s#! . . 2 16 221 Nn-th Am Trust Shs • 58. ... 9 20 2 25 •Verted American Amer’can Shs Inc 1 02 111 S-’-Ced Cumulatr e Shs . 6 °6 Selected Income Shs .... 309 350 ~'d American Tr’-'t Shs A -9 75 280 ■'■rust Shares of America 265 2.70 Rtd 0-1 A ...... fM 550 Trustee StH Oil B 4.80 4.84 IT R Flesr I t A- Pwr A IC9S 11-75 Universal Trust Shs 280 2.85 Daily Price Index ißv United Pre si NEW YORK. Aim. 22.—Dun * Brads' reet s , dailv weiehted price index of *h:rtv basic commodities compiled for the United Press. (1930-1932 Average 100* Todav n**2 Yesterday . . J2O 02 Week Abo IJ{J* Month Ago riuT7 Year Ago lAllg. 231 102 .4 1934 High i Aug 101 120.02 1934 Low (Jan 3( 101 05 Copyright, 1934 bv Dun At Bradstreet. Inc FEDERAL EXPENDITURES 72.1 PER CENT HIGHER Nation's Deficit More Than Double . Last Year's Total. > T ime* Special NEW YORK. Aug. 23.—Total exI pendit tires of the federal government in July, the first month of the i new fiscal year, were 72.1 per cent i larger than in the corresponding month last year. Receipts also were larger failing by a wider margin to : cover expenditures, causing the ! deficit this year to more than double the deficit of last year. I The ordinary budget was not even balanced in July. On the basis of total receipts there was an ordinary deficit of $12,206,000. The real ordinary deficit was $51,026,000 since receipts included those from process- | ing taxes which are "emergency” receipts and can not honestly be ; counted as revenue for meeting ! ordinary exDenditures. Despite the large fund in the treasury, the government withdrew only enough to meet part of the deficit in July and consequently the public debt rose to anew high record. At the end of the month the debt amounted to $27,189,000,000. an i increase of $4,579,000,000 over the debt of $22,610,000,000 on the same date last year. BUSINESS ACTIVITY IS UP Conditions Now Only 36.7 Per Cent Below Normal. ' Fa Time* Special WINCHESTER. Mass.. Aug. 23General business activity last week, as measured by Winchester's busiI ness activity index, is 36.7 per cent below normal. This is an appreciable drop from the 34 per cent bei low in the previous week and compares with 26 per cent below nor- | mal a year ago this time. The dej dine in bank debus, car loadings, and steel output, brought the index down. Despite this drop, business is proceeding on a much more solid basis than it was a year ago and fundamental conditions have improved so i much that we are in a position to ' take full advantage of the expected ; upswing in the fall. KRESGE VOTES DIVIDEND Payment of 20 Cents a Share on Common Stock Declared. By Time* Spectal CHICAGO. Aug. 23.—Dividend announcement of 20 cents a share on the common stock and the regular quarterly dividend of $1.75 on the preferred stock has been made bv the S. S. Kresge Company. Similar payment on the common stock was made in the preceding four quarters. Union Carbide Carbon Corporation declared of 35 cents a share on their common stock. A , similar payment was made three i months agv

New York Stocks 1 Bv Abbott. Hoppin Sc Cos. ——————

AVERAGE STOCK PRICES FOR WEDNESDAY Net High. Low. Close, change. Thirty industrials %•% 9294-32 -1.75 Twenty rails 37.56 35.93 37.24 1 1.56 Twenty utilities 21.15 20.65 21.04 -.56 Forty bonds •••• 93.15 —.02 Ten first rails ••• 100.34 —.16 Ten second rails •••• 75.97 -r.03 Ten utilities •••• 98.95 -.01 Ten industrials ••• 97.34 -e.05 Off. -rip.

—Aug. 23 Prev. High. Low. 10:00 f.ose Amtnili 48 a Barrudall .. .. 7' Consol Oil 9Vj 9H 9N 9'a Cont of Del I**4 I*’ Houston inew) 3 J Houston (oldi 17 Mid Cont Pet 12*a 12*, Ohio Oil 10N 10’* Pet Corp . 10*a 10* Phillips Pet ... 17 16* 1’ 17*. Plymouth OH ... - 10 10 Pure Oil B*a B'* B*4 B’* Roval Dutch 33 Sbd Oil 28 * 28 Shell Un 7’a 7 Skellev Oil * 8 Soc Vac 15 4 15 a S.O of Cal 30-> Gj* * S O of N J A5 45 Sun Oil „„„ 65 Texas Corp ’JN 24* Tidewater Assn -J, }o’/ Uq Oil of Cal 16 16 Steel*— Am Roll Mills . ■ • 17’ U'* Beth Steel 28'* 2814 *8 3 4 28_, Bvers AM Col Fuel Sc Iron Cric Steel 21 Inland Steel 38 Ludlum Steel - *"„* McKeesport Tin 89 88 * Mid Steel ’ 4 • Natl Steel Otis Steel .J, 4 Rep Iron Sc J?, 4 Rep Ir Sc Stl pfd 42’a 41 5 , U S Pipe & Fdy 21 a U S 9*eel 35 35 U S Steel pfd 80 , Warren Bros .i.* Younest’n S Sc ** 4 Motors— Axbutm 23:4 2Va ChrvsVr .. .35 34 * 3d 35 , Cfcn Motors 31** 31 31 31 * Gen Motors pfd 10 1 2 10 2 2 Graham Mot • ■ • • • f.. X, Hudson Si* Packard 3',4 3*/a 3 * 3 t Studebaker “ , 5 . Yellow Truck 4 * Motor Access— Bendix 135/ 1?,, Bohn Alum 22 2 Briggs 17 * 1" * Budd Wheel 2 * Eaton Mfg . 2? 8 E"- Auto Lite. 21V* 21 21*s 21 Houdaille ‘A’ * 3 * Mullins Mfg pfd 26 4 4, 4 Murrav Body Stew Warner „®, 2 Timken Roll Timken Det Axel 6V* 6 * Mining— Alaska 2 J}’? 2} Am Metals ..... • ?9 4 ,• Anaconda 13 12 l3 13 a Am Smelt 38*2 38 38 38 a Cal Sc Hecla .. 40 2 , 40 2 s 40 2 s 3 Cerro De Pasco 45 40 4 Dome Mines *2, 4 Granbv Gt Nor Ore .* * 8 Homestake Min .. ••• ■ • Howe Sound • st : Ins Copper ... 26*a 26 2 ® 8 8 Is Creek Coal ‘O. Kennecott Cop . 20* 20'* 20 4 -0 i Mclntyre Mine 4 Noranda Cop ’J., Park Utah 4 >/a 4, Me 19V. U S Smelters 136 3 4 135 5 * 135’s 136 Vanadium 11 2

Amusements— Crosley Radio .. • ■ H3 2 Loews Inc 29% 28% 28 * 28 i Radio Corp 6 J, 4 Warner Bros .. 4% 4% 4% 4% Tobaccos— Am Sum Tob 20 20 Am Tob "A” *74Vi 74 2 Am Tob • B” ] 4 ‘a Gen dears **., Lie & Myers “B” 2 Lorillard J?' 2 Reyn Tob ‘•B" 45 - s Rails — Atchison .53 52% 53 52 At I Coast Lines 32 B& O 17% 17*4 17H 17 Can Pac .. . 14% 14% 14% 14% Ch A Ohio 44% 44 Chi & Gt W 2*/ 2Vs Chi A Gt W pfd 5 4% CM & St P 3' 2 3% C M & St P pfd 6% 6- 4 Chi N W pfd... , • . }2 2 Dela & Hud . 43% 43% 43% 43 4 Del Lac & W 17% 17% 17*, 17; 4 Erie 14% 14% 14% 14 2 Erie pfd • 20 2 Grt Northern pfd 16% 16 1 16's 16 1 2 111 Central 18' 17% K C Sou • , • , * 2 Lehigh Valley .. 12*g 12% ISVi 12 Lou A- Nash 46'2 M K A T 6',* 6% MK A T pfd .. 17*S 17Vi 17-2 17% Mo Pac 33 Mo Pac pfd .... 4*4 4 N Y Cent 23'g 22*4 22*4 23 N Y Chi AStL .. . 13' 2 13 NYCASt Lpf • , 23 N Y New Haven 11*4 ll‘/2 ll’/i 11 Va Norfolk A Wes. . • „ 175% Nor Pac .. 19 18*4 18% 19 Penn R R 24*4 24% Reading: 43 2 Sou Pac 19 18*g 18*8 18'B Sou R R .... 17*g 17 17 17 SOU R R pfd ... 21'4 21 21 4 20*4 Union Pac 102',2 102 1 /* 102*2 182 Wabash 2' 4 West Maryland 9*4 9% Equipments— Allis Chalmers 131s 13*, Am Brake Shoe 24 25% Am Car A Pdy 18'g Am Car A Fd pf 38 Am Loco 19 Am Mach A Fdy J3% Am Steel Fdv 15% Bald Loco B*2 B*4 Burroughs • ;2' 4 Case J I 42*, 42'2 42' a 43 Cater Tract .... 21*, Deere ACo 17 16*4 17 l®, 8 Elec Stor Bat 37;, Foster Wheeler 12% G Am Tank Car „ 34 Gen Elec .. 19', 19% Gen R R Sig .. 29*4 29 29 V, 29 Ingsol Rand 59 Int Bus Mach , 137*2 Int Harvester 28% *B'4 Natl Cash Reg 14 4 15 Pullman Inc 4114 41% Rem Rand Und Elliot 47 West Air B 19 18'2 Westingh Elec 33'% 33*4 Worthing Pump 18 Utilities— Am A For Pwr 7'i 7% Am Pow A Lt 5V4 5% A T A T . . . 113’2 Am Wat Wks . 17*4 17% 17*4 17*4 Brook Un Gas 61'2 61 Col Gas A Elec 9', 9% Col G A E pfd 66 Com A Sou . I*4 1 3 . Consol Gas 28'4 28 28 28', Elec Pwr A Lt 4>4 4' E P A L pfd 9 9' 2 Int Hydro Elec 4% 4 s , Int T A T 10*4 10 s , Lou G A E "A” 15 *4 Nat Pow A Lt . . 8% B*, North Amer . 14*g 14*4 15% 15', Pac G A E 16 Peoples Gas 26 25% Postal Tel pfd 16*, 16*2 Pub Serv N J 34 34 So Cal Edison 13*, 13*, Std Gas ... 8 7 , 8% 8 7 , B*2 Std Gas pfd 9*4 9 9'4 9 Stone A Webster • ... 6*2 6*4 United Corp 4 4 Un Gas Imp 15 14 7 'g Ut Pwr A Lit A 2>4 Western Union 36*, 36 36*, 36'2 Rubbers— Firestone ... ... IS I , Goodrich 11*4 Goodvear ... 24'2 24% Kelly Spring .... . . 2 U S Rubber 18's 18 18* s 17*4 U S Rubber pfd 40% 40*4 40*4 40 s , Miscellaneous— Am Bank Note ... ... 14 7 s 14*, Am Can ... ... 98'4 Anchor Cap 17 Brklvn Man Tr . 44% 44*, Conti Can 81 7 . 81*4 81*, 82', Crown Cork 24* 24'2 Curtis Pub 19 7 Curtis Pub Pfd 82*, Eastman Kodak .. ... 109', 100 Gillette 11% 11*4 Glidden 25 7 . 25'a 25% 25*, Inter Rapid Tr 13*4 13's Owens Bottle 70% 70 10 70 Ravbetos Mfg .... ... ••• 18'j Foods— Am Sugar ... • • 69 Armour ■■ j 6% 6 6 6', Beatrice Cream . • _ 16% Borden Prod 26*4 26*, 26*, 26'2 Cal Packing - 41% 41', Canada Dry G A 16% 16', Coca Cola 134'j Cont Bek A ... • . * Corn Prod . 61*4 61 'a 61 % 61% Crm of Wheat 32% Cuban Am Sugar • 7*a •% Gen Foods .. ■ 30', 30', 30'* 30*, Gold Dust • H'a 18*b G W Sugar .... 33*4 33*. 33*. 33% Int Sait ... • 31*2 Natl Biscuit ... 33*4 33% Natl D Prod 17*a l‘ s * Puritv Bak 10*4 Spencer Keilog 26', Std B-ands 20*4 20*. 20*g 20*4 Un Biscuit 23 7 United Fruit 73% Ward Bak A Wr.glev 64'1 Retail Stores— Asso Drv Goods 11 s * 11 Natl Stores 64.< Gimbel Bros - • ■ 3% Gr Un Tea ••• 4% 4*4 4 T 4*, t*wet Tea *< - Kresge S S 18*j 18*a 18** 18 Kroger Groc ■ 28*, 28 Macy R H 40'2 40’, 40 s * 40' Marshall Fields 12 ll*s 12 11* Msv Dent St _ _ 3S Mont Ward . 2S 1 * 24 s * 24% 25 Natl Tea 10‘ Pennev J O 59' Safeway St ... . 47 s -ear* Roebuck .. 38', 37% 37*4 37'. Wool worth 50'* 50* a Aviation— Avtatton Corp 414 41a 4% 4*4

THE INDIANAPOLIS TIMES

Curtiss Wright 3 3 Curtiss W'r A 8' a Douglas Air IS', Nor Am Av 3% 3 8 4 Speerv Corp B’, 8 1 * United Aircraft. 15 14'* 1V 4 14’, Wright Aero 47‘a Chemicals— Air Reduction 99 98', Allied Cnern 131 130* a Am Com Alcohol 28 1 • Col Carbon ... . .. 69 ! , 69'a Com Solvents .. 21’, 207', 21 21 1 , Dupont 92*2 91’, 92’ 2 91’a Freeport Tex 30 30 Liquid Cara ... 22’, 22 Math Alkal: . 29’, 28*4 29*, 29 Montosonta C'l . 53 *, Nat! DIS inf*) 19', 19'a 19' 3 19' a Scheniev Dist 21*, 22', Tex Gulf Sulph 34', 34', Union Carbide 43', 42', U S Ind Alco 40 40'a Virg Ch 6G pfd 20'a 20*4 20>4 20', Drugs— Cotv Inc 5*4 s', Lambert 24’, 25 7* Lehn & Fink 14*4 . Un Drug 13>a 13’4 Zonite Prod 4 1 , 474 Financial— Adams Exp 8 1 s 8 Allegheny Corp 2 1 , 2*4 Om Int Corp 7*/* • Chesa Corp 40*/a Lehman Corp 60 Transamerica 6 6 Tr Conti Corp 474 Building— Am Radiator ... 14*/, 14 141, 14*', Gen Asphalt ... ... 17*4 Int Cement 23'a John Manville 48 47’4 Libbv Owens Gls 29*4 29*, Otis Elev 15V* 15 Household— Col Pal Peet 15*4 Congoleum ... ... 29'a Kelvinator 13', Proc Sc Gamble 38 1 a 38'a Simmons Bed ... 11’4 11*4 11* ll’ Textiles— Am Woolen 974 9*/g 974 9'* Belding Hem ll’ Ceianese Corp . 2174 21*4 Collins Aiman . 13*4 13 13 13', Gotham Hose 5 5 ', Indus Rayon 23 * 4 Real Silk 7 New York Curb (By Abbott. Hoppin Sc Cos.) —Aug. 22 Close. Close. Allied Mills 7*4 Hiram Walker . 26‘a Alum Cos of Am 57*4Humble "Oil ... 43*, Am <fc Fr P War 4 s , Imp Oil Ltd .. 15*, Am Cyanide B 18 5 , Hud Bay Min . 157, Am Gas & El 22*/4lnt Petrol .30 Am Superpower 2 lLake Shore Min 55', Atlas Corp 9'4 Libbv McN Libby 7*, Brazil Tct & Lt It*, Mt Producers 4*4 Can Marc 2 Natl Bellas Hess 2*4 Cities Serv l’glNewmont Min . 47 ! 2 Consol Gos Bit 64 Nia Hud Pwr . 474 Cord Corp ... 4 Pan Am Airways 33*4 Creole Petrol 13 Park Davis ... 25''4 Crown Cork Int 674'Penn Road 2', Deere & Cos . 16’,'St. Regis Paper 21 4 Distillers Lim . 22’, Sal Creek Prod 6 Distillers Corp. 14 1 8 Sherwin Wms . 71 Dow Chem .. 77' - Std of Ind 27*4 El Bnd Sc Sh . 11*, Std of Ky . ■ 15*4 Fisk Rubber . B*4 Technicolor Ind 12' 2 Ford of Can A 21 Teck Hughes Gld 7 1 , Ford of Europe 81, Un Pwr & Lit A 214 Glen Alden Coal 21 Wright Hrg Min 10 Gulf Oil of Pa 57 1

Bond Prices ———— By Fenner & Beane

—Aug. 23High. Low. 10:00. Alleg Corp 5s ’SO .... 28 Atchison Gen 4s '95 . . . 101’2 101 1017'a B & O cv 4 1 2S '6O 59’2 59 59 CMStPA-P adj 5s A 2000 9*4 9'i 3’a CMStP&Prf 5s A '75 31 317* 31', Cons Gas N Y 4'2S ’sl. .. ... 102*4 Erie R. R rs 5s '67 69 Goodyear 5s ’57 ... 101 Gt Nor 7s A ’36 90 Interboro RT 5s '66 ... 74’'4 Int T Sc T db 5s '55 59> 2 MrKess & Robb 5Gs ’SO 811i 81 I ', 81’ 2 Nat Dairy db s>,s ’4B . 98’, 98’ 2 98’ a N Y Cent 4’ ,s O 2013 . 68’ * 68 68 Penn R R 4’,s D ’Bl . 9574 95 95 Poland 7s ’47 117’, Shell Un Oil 5s ’47 99*,' Texas Corp 5s '44 10.7 102’, 102’s Un Pac Ist 4s ’47 ...106*4 10674 106 ! a U S Rubber 5s A '47 84'4 Western Un 5s 'sl ... 83t8 U. S. GOVERNMENT BONDS By United Press NEW YORK, Aug. 22.—Closing Liberties (decimals represent thirty-seconds): Liberty 3'is (32-47) 103.8 First 474s (32-47) .• 103.6 Fourth 414s (33-38) 103.25 Treasury 4'4S-374S (45) 102.3 4',s (47-52i 111.28 3**S (43-47) 103.10 3*,s (41-43i March 103.30 3*4s (43) 103.22 31,s (46-49) 101.9 3s (51-55) 100.11 FEDERAL FARM LOAN BONDS (By Blyth Sc Cos., Inc.) Aug. 22Bid. Ask. 4S July 1. 1946-44 93*4 98’, 4s May 1. 19 5 8-38 97 74 98 74 4',s July 1, 1956-36 98’4 99 4Us Jan. 1. 1957-37 98*4 99 4Us Mav 1. 1957-37 98*/* 99 4’,s Nov. 1, 1958-38 99 100 4'2S May 1. 1942-32 99 99* 4Us Jan. 1. 1943-33 99 99*4 4745. Jan. 1. 1953-33 99 99*4 474s July 1, 1953-33 98’a 99*, 4’2s Jan. 1. 1955-35 99 99** 4' 2 s Jan. 1. 1956-36 99 100 ' 5s May 1. 1941-31 IOO*, 100’4 5s Nov. 1. 1941-31 100*4 1007, —Home Loan—--3s Mav 1. 1952-44 98.00 98.16 4s July 1. 1951 98.20 98.30 —Federal Farm Mortgage Corporation—--3s Mav 15. 1980-44 98 10 98.20 3’ ,s March 15. 1964-44 100 100.12 The latter four quotations are in thirtyseconds.

New York Bank Stocks ißv Abbott. Hoppin A Cos.) —Aug. 22 Bid. Ask. Bankers 57 57% Brooklyn Trust 86 89 Central Hanover 124*4 125** Chase National 25% 25% Chemical 40’, 41 Vs National Citv 23% 24 Corn Exchange 47% 47*4 Continental 12*, 12*, Empire 17% 18% First National 1.535 1.545 Guaranty 325 ,/ 2 325% Irving 15'/a 15*4 Manhatten A Cos 28% 28% Manufacturers 19% 20% New York Trust 96' 3 97*2 Public 29 29% Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. A 25-cent carrying charge per ton will be added. DOMESTIC RETAIL PRICES Anthracite sl3 50 Brazil Lump 5.90 Brazil Egg 6.90 Brazil Mine Run 5.25 Coke. Nut Size 8.50 Coke. Egg Size 8.50 Indiana Forked Lump No. 4 and 6. 5..5 Indiana Egg 5.75 Kentucky Lump. Group “B” 7.15 Pocahontas Lump 825 Pocahontas Egg 8.35 Pocahontas Mine Run <0 New River Smokless 8.25 Marriage Licenses Wilbur Cleaver. 32, of 3540 North Meridian street, cashier. and Katherine Jones. 29. of 124 West Thirty-seventh street, advertising manager. Russeil Eaton. 35, of 545 West Thirtieth street, bookkeeper and Catherine Dunlea. 36. of 1133 North Wallace street, bookkeeper. Alfred Wagner. 32, of 3143 North Capitol avenue, engineer and Mary Boyer. 25, of 626 Congress avenue, t’.erk. Vernon Miller. 25, of 2341 North Delaware street, draftsman, and Rose Netherton 24. of 1461 Lee street, saleslady. John Iverson. 35. of 1250 North Harding •tree' truck driver, and Pauline Hacker, 27 of 1250 West Nineteenth street, cashier. Thomas Freeman. 73. of 1711 Northwestern avenue, laborer, and Amanda Mimms. 52. of 348 West Twenty-sixth street, housekeeper. Births Girls Herman and Madeline Abe'. 1438 Reisner. Harold and Janet Haas. 2406 Union. Graham and Frances Reeves. 609 East Twelfth. Leonard and Loretta Jackson. 1739 North Alton. / Rots Theodore and Thelma Dudzek, 926 West Thirty-third. Prank and Frances Madley. 2710 West Tenth. Deaths Wiliian Calvin Parsley. 14. city hospital. iohtheria. Fred Frank McKinney. 31, city hospital. ectured skull. George Baker. 45. Veterans' hospital. bar pneumonia. Mason Webb. 43. city hospital broncho -eumonia. Carolyn Mercer. 3 mos., Risley hospital, inatunutrtion. Samuel Brown. 59. St. Vincent’a hoipi.ai, internal hemorrhage.

HOG QUOTATIONS CLIMB TO 57.50 AT STOCKYARDS Advance 15 to 25 Cents in Day’s Trade; Cattle, Sheep Steady. Hog prices, which two weeks ago were below the $5 mark, have climbed steadily, the quotation on bulk heavyweights being listed at $7.50 today at the Indianapolis Union Stockyaids. Receipts of the swine market today totaled 4,500 and holdovers numbered 373. Weights above 160 pounds today were quoted at prices generally 25 cents higher than yesterday’s average, while underweights were mostly 15 cents up. Medium weights were only slightly less than the heavies, ranging between $7.35 and $7.40. Lightweights brought $6 to $6.55 and light-lights $4.40 to $5.75. Packing sows held at $575 to 6.75. Slaughter class cattle held steady at the week’s advance. One load.of yearling steers sold at SB. Other steers were mostly low grade killers and vealers. Best heifers held above $7.25. Receipts in the cattle market totaled 1.050, including 250 government stock. Vealer receipts totaled 700 and the trading was strong, prices ranging from $7 downward. Lamb trading also was steady. Receipts totaled 1,600. Good ewe and wether kinds brought mostly $7 to $7.25, with a few lots ranging upward to $7.50. Bucks sold at $1 less. Throwout sheep were being quoted at from $4.50 to $6. Hog prices at Chicago also continued to advance, being generally 10 to 15 cents higher than yesterday, most early sales being made at around $7.35. Receipts totaled 12.000, including 4,000 direct. Holdolds numbered 1,000. Cattle receipts were 7,000, commercial and government stock and calves receipts 2,000 commercial and 2,000 government. The market was strong. Sheep trading was steady, receipts totaling 13,000.

Aug. Bulk Top Receipts. 17. $6.60® 6.70 $6.80 5,000 18. 6.60 a) 6.75 6 80 2.000 20. 6.8548 6.95 6.95 4.000 21. 7 00® 7.10 7.10 5.000! 22. 7.20® 7.25 7.25 4.000 23. 7.40® 7.50 7.50 4.500 Market Higher (140-160) Good and choice . $ 6.30® 7.00 —Light Weights—-(l6o-180) Good and choice ... 7.30® 7.40 (180-200) Good and choice .. 7.35® 7.45 —Medium Weights—-(2oo-220) Good and choice •. 7.40® 7.45 (220-2501 Good and choice .... 7.40® 7.50 —Heavy Weights—--1250-290) Good and choice ... 7.45® 7.50 (290-350) Good and choice ... 7.30® 7.50 —Packing Sows—-(27s-350) Good 6.40® 6.75 (350-425) Good 6.25® 6.65 (425-550) Good 5.250 6.00 (275-550) Medium 5.50® 6.25 —Slaughter Pigs—-(loo-130) Good and choice ... 4.40® 5.75 CATTLE Receipts, 1,050; Market, Steady. —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 (1.100-1,300) Choice 8.500 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 (750-9001 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, Strong. Good and choice $ 6.50® 7.60 Medium 4.50® 6.50 Cull and common 2.50® 4.50 —Calves—-(2so-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 (800-1,050) Good and choice .. 4.00® 5.25 Common and medium 2.50® 4.60 (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, 1.600; Market Steady. Lambs. 90 lbs. down, good and choice $ 7.00® 7.50 Common and medium 5.00® 7.00 —Elves—-(9o-120) Good and choice 2.00® 3.00 (120-150) Good and choice ... 1.50® 2.50 All weights, common and medium I.oo® 2.00 Other Livestock (By United Press) By United Press) CHICAGO. Aug. 23.—Hogs—Receipts. 12.000, including 4.000 direct; holdovers. 1.000: market active 15c to 25c higher; 300-300 lbs.. $7.25® 7.35; top. $7.40. 170200 lbs., $7®7.25; light lights. $6,25 0 6.75: pigs. $5.50 down: packing sows. $6.45 ® 6.55; light lights. 140-160 lbs., good and choice, s6®7; light weight. 160-200 lbs., good and choice. $6 [email protected]: medium weights, 200-250 lbs., good and choice. $7.150 7.40; heavy weights, 250-350 lbs., good and choice. $7 10®j.40; packing sows. 275-550 lbs., medium and choice. $5.50® 6.75; slaughter pigs. 100-130 lbs., good and choice, $4.25® 6. Cattle —Receipts. 7.000 commercial; 4.000 government, calves 2.000 commercial: 2.000 government; choice long vearlirtgs and weighty steers steady to strong on shipper accounts; all other grades slow and weak; instances 25c lower than week's high. This applied to all representative weights selling at $8.50 down; extreme ton $10.25: best yearlings. $9: light steers, 59.50; fully steady market on all heifers; cows very uneven, steadv to weak: bulls firm; vealers steady to 25c lower- slaughter cattle and vealers: steers. 550-900 lbs . good and choice. $6 ®8.50: 900-1.100 lbs., good and choice. $608.50: 900-1.100 lbs., good and choice. $6,254) 9.50; 1,100-1.300 lbs . good and choice. $6.75® 10.25; 1.300-1.500 lbs., good and choice $7.75® 10.25: 550-1.300 lbs., common and medium. $2.75®7.75; heifers. 550-750 lbs,, good and choice. $5.50®7.50; common and medium, $3®5.50: cows good S3 75® 5 60; common and medium. 52.50® 3.75; low cutter and cutter. $1 75®2 75: bulls yearlings excluded, good beef *3® 3.75: cutter common and medium. $2.50® 3.50: vealers good and choice. $6.2507 50: medium. $4®6.25; cull and common. S3® 4; stocker and feeder cattle: Steers, 5501.050 lbs., good and choice. $4®6.25: common and medium. $2 50® 4.50. Sheep—Receipts. 13 000. market opening slow on lambs, generally acting fully steadv; few bids and sales steady to easier; early tops tops to outsiders. $7 25: prospective bulk $7 downward; sheen and feeding lambs little chaneed; slaughter sheep and lambs; lambs 90 lbs . down good and choice. 56 35 ®7 25: common and medium, 54.7505.15: ewes. 90-150 lbs., good and choice. s2® 3 25: feeding lambs. 50-75 lbs., good and choice. $5.50®6. FT WAYNE. Aug 23 —Hogs—2e cents higher- 250-390 lbs.. $7 40; 200-250 lbs., $7 30- 180-200 lbs. $7 29: 160-180 lbs. S7 10 300-350 lbs.. 57.20; 150-160 lbs . $6 35% 140-150 lbs. 6 10: 130-140 lbs.. $5 85 120-130 lbs . 55.35; 100-120 lbs.. *5 10: roughs. S6; stags. $4. Calves—s 7; lambs, $6.75. (Bv Times Special' LOUISVILLE Aug 23—Cattle—Commercial 275. including around 100 Stockers’ government, TSO ; slaughter classes In light supply, qua'.itv plain, demand dependable: market, fullv steady: most common to medium grade slaughter steers and heifers. S3® 4 50. some cutter grades down to around *2 75 and less: better finished steers and heifers absent, quotable mainlv from $506: bulk beef cows, common to medium grade grassers, at <2 50® 3’ some smooth cows to $3.50 and heifer types quotable higher: low cutters and cutters. *lO2 25: bulk sausage bulls. 2 50®3 based on late sales Wednesdav; desirable Hereford Stockers S4® 5 depending on weieht and quality; common to medium native Stockers and feeders. *2 50 ®3 50 Calves —Commercial 600. including around 250 stock calves: vealers strong to 50c higher: advance on better grade'’ bulk better vealers. *5.50® 6: strictly choice handvwe-ghts to *6 50: medium ar.d lower erad vealers and heavy gras' calves mainly $4.50 down. Hogs— Receip’s 800: trark”t. 20c higher: top and bulk desirable 185-275 lbs . *"35; high-st since mid-August 1911: 280 lbs un $6 90 iSO-ian lbs. * 65: 140-355 lbs. *6.15; 120135 ibs *4 65 sows. *5 15: grassy and unfinished hoes discounted Sheep—Receiots 1 000 lamb receiots light: quality plain -•emand fair, market not fully established but most early sales steady: most'trucked n ewes and wethers sold early from *6® s2s’ choice kinds to $6.50: a few strictly -hoice higher bucks discounted, and most throwouts, 5004; fat ewes mainly *lO 2; few Beher stock ewes, fully steady; bulk *6t“.50 a head, choice to SB.

Chicago Stocks Bv Abbott Hoddid * Cos. ———————

—Aug. 23 High. Low. 11 OflBendix Aviation 4 2 ’ 8 Borg Warner 22 4 . Butler Bros 8* 84 ® 4 Chicago Corp com - Chicago Corp pfd 26>4 26 .04 Club Aliminum .1 4 Commonwealth Edison 44 E&Vtric 0 ‘household j^ 4 Great Lakes Dredge •• • . ••• 1 ?. Libbv-McNei! >*• ■'* ‘ * Nobhtt-Sparks Ind. Inc • 4 Swift Sc Cos. 19N 19*4 19 :

TRAFFIC ON BUSSES HITS 4-YEAR PEAK Largest Gains Reported by Intercity Lines. By United Pres* NEW YORK, Aug. 23.—Reports from companies representing onethird of the dollar revenue of the motor bus industry indicate a general improvement in traffic conditions. With reports for the second quarter cf the year complete the first half of 1934 shows up as the best in the past four years, according to Bus Transportation. Companies operating intercity busses show the largest gains, particularly the busses on long hauls, though it is pointed out that these groups have a seasonal advantage in the first six months over local operations in cities and to nearby suburban points. Intercity companies, according to Bus Transportation, took in, in the second quarter, $3,712 for each bus owned. For the first six months of 1934 earnings on the same basis amounted to $6,447, compared with $4,820 for the first six months of 1933, an increase of approximately 30 per cent in passenger revenue. Total revenues are reported as being somewhat higher at $3,908 per bus owned for the second quarter and $6,766 for the first six months, as compared with $5,125 for the previous year. The average fare per passenger handled was somewhat less in 1934 than in 1933, the lower rate being brought about principally by the reduction in fares charged by rail lines. The average fare collected for the second quarter was 64 cents, and for the first half 62 cents, while for the first half of 1933 was 92 cents.

Produce Markets Delivered in Indianapolis orlces: Heavy hens, lie Leghorn hens, Bc. 1934 broilers. 2 lbs. and over, 13c Leghorn broilers 114 to 2 lbs. and over 11c bareback broilers 10c: old roosters. sc. ducks and geese, 3c; young guineas. 20c; old guineas. 15c: No. 1 strictly fresh country run eggs, loss off 15c. Each full case must weight 55 lbs. gross; a deduction of 10 cents a pound tor each pound under 55 lbs. will be made. Butter—No. 1. 30@31c. Butterfat. 23c. Quoted bv Wadlev Company. (By United Press) CHICAGO, Aug. 23.—Eggs—Market firm; receipts, 4,427 cases; extra firsts, 21© 22c; fresh graded firsts, 20'2®21c; current receipts, 17©19'/2c; dirties, No. 1. 16'2C; No. 2. 12c; checs, No. 2,16 c: No. 2,12 c. Butter-Market, easy; receipts. 10.449; extra firsts (90-9114 score). 26<f? 26 7 2c; extras (92 score), 27c; firsts 188-89 U score'. 24’2@25Uc; seconds (86-BT/2 score) 22'-> ©'23' 2 c; specials, 27*4®28Uc; standards. 26Uc. Live poultry—Market strong; receipts, 1 car, 27 trucks, 1 car due: fryers, 15© 17c: broilers, 15© 16c; Leghorn broilers. 14© 16c; geese. s©Bc; turkeys, 10© 15c: old roosters, lOc's hens. 14© isc's black chicks, 10© 12c; barebacks, 13c: cocks, 8c; Leghorn cocks, 9c: colored springs, 16c; White Rocks, 18@19c; Plymouth Rock, 19c'a ducks. 9®loc'r old spring ducks, 10© 14c; colored Plymouth Rooks, 16c; Leghorns, 12cfi Cheese—Twins, 13© 1374 c; Longhorns, 13*4© 14c; daisies, 1314®14c. Potatoes—Receipts. 92 cars; on track, 153; shipments, 533; market weak; supply and trading light: Wisconsin cobblers. $1.36® 1.45; Wisconsin Triumphs. $1.45®1.55; Idaho Russets, $1.75; combination grade, $1.50. NEW YORK, Aug. 23—Potatoes— Steadier: Long Island. 45c®51.10 bag: New Jersey, sl® 1.10 bag; Southern. 35© 70c hag Sweet Potatoes—Steadier: Jersey basket. $1.25®2.50; Southern bbl.. sl®4; Southern basket. 50c©51.75. Flour—Easy; springs: patents, $7.50® 7.75 bbl. Park— Firm. Mess—s 22 bb'.. Lard—Strong. Middle West Spot—s6.9o© 7 a 100 lbs. Dressed Poultry—lrregular; turkeys, 17© 32c: chickens. 10® 28c: brailers, 16© 23c: canons, 25© 35c: fowls. 9® 20c: Long Island ducks, 13® 15c. Live Poultry—Steady; geese, 6©7c; turkeys, 10© 15c; roosters, 10c: ducks, 8© 15c: fowls. 12© 19c; chickens. 21 ©2sc; broilers. 12® 22c. Cheese —Easv: state whole milk fancy to specials 19®20c; Young America. 1474®14®c. Butter —Receipts .11,479 packages; market, unsettled; creamery higher than extras, 23 ’4 © 29c; extra 92 score, 28c; first (90 to 91 score 1, 26*4® 27'4c: first (88 to 89 score 1, 25© 26c. Eggs—Receipts. 15.943 cases; market, firm: special packs including unusual hennery selections. 24© 28' 2c; standards. 23-*4c: firsts. 21'2C; seconds. 20c: mediums, 19®19'.2c; dirties, 19©20c: checks. 16'2©17'4c. On Commission Row —Aug. 23 Quotations below are average retail prices being offered to buyers bv local commission house dealers. Apples—Fancy Delicious. $2; Trsnsparents, [email protected]. Peaches—lndiana Elbertas, bushel. $2.25 ®2.50. Plums—ltalian. 74 bushel. $1.40. Oranges—California Sunkist. $e.25; Valencias. $4.25®5.25. Lemons—Sunkist. $6.50. Grapes—California seedless, crate, $1.40 Grapefruit—Florida seedless, $4.25©4.50. Cantaloupes—lndiana, bushel, 75c@$l. Pears—Bartletts. $1.75. Watermelons—2sc. Bananas —Pound. sc. —Vegetables— Endive—Ohio. 2 doz.. basket, 85c. Sweet Corn—Home grown, doz.. 20c. Cabbage—Northern. 2’2C pound. Celery—Michigan, boxes. $1.10; medium, doz.. 45c. „ „ Onions—Washington vellow. 50-lb. bag. $1.65; California whites. $2,25: homePotatoes—Eastern Cobblers. 100-10/ bag. $1.85; Kentucky Cobblers. $1.8o: Idaho Russets, 100-lb. bag. $2. Sweet Potatoes —Tennessee Nancv Halls. $1.90; Eastern Yellow Jerseys. $2. Beans—Round stringless, bushel. sl® 1.50. Beets—New. 30c doz. , . „ Carrots— Home-grown. bushel. $4.50: 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. 50e. Spinach—Home-grown. 10-lb. baskets. 35c: bushel. $1 . Finger Peppers—s-lb. basket. 85c. Tomatoes—Home-grown. 10-lb. Daskets, 35c; bushel. Sl® 1.25. CHICAGO FRUIT MARKET (Bv United Press) CHICAGO. Aug. 23—Fruit and vegstables: Apples—Michigan Duchess, bu., 75c© sl. Cucumbers— Michigan, bu., 50® 75c. Tomatoes— Michigan basket. 50c© $1 Sweet potatoes—Tentfessee, bu., $1 65 ©175. Peaches—Georgia. bu., $1.65 a2. Peaches—lllinois, bu.. $2©2.50. Lettuce— California, crate, s2© 3.50 Beans—Michigan wax, bu., sl©. 1.50. Beans —Illinois, green, bu . 75c*4$! Cabbage—Wisconsin, crate 75c© sl. CanteloApes—Michigan, crate, 25c® $1 25. Corn—lllinois, sacks 25® 60c Carrots —California, crate. s2©2 40 Peppers—lllinois, bu.. 50c® 51.25. Eggplant —lllinois, bu.. 25© 50c. Celerv—Michigan, crate. 50©75c. Western Cauliflower, sl© 175 Onion market 150-lb. sacks: Caliiornia whites, $1.65: Washington Valencias. $1 250 1.35: Wisconsin Globes, SI.10; Michigan yellows $1.05® 1.10.

NEW AUTO FINANCING SHOWS SHARP ADVANCE Total in First Seven Months of Year Climbs 72 Per Cent. By United Pre** WASHINGTON, Au?. 23.—Value of new automobile financing for the first seven months of this year increased 72 per cent above the same period in 1933 and 81 per cent above 1932, the commerce department announced today. Financing for July showed an increase of 50 per cent over July, 1933, and 169 over July, 1932, the department said. It reported that factory sales of automobiles this year through July were 761,443 cars over the same 1933 period. Automobiles sold from the factory this year totaled 1,980,914.

Utility Sc Ind pfd 2*4 • Vortpx Cup Cos. 14*4 j W'nlgrpyn Cos. com 24> a Zenith Radio 2'*

Cash Grain

INDIANAPOLIS —Aug 22 The bids for ciir lots of grain at the call of the Indianapolis Board of Trade, f o. b, shipping point, basis lilac lo river, were. Whea: -Easy: No 1 red. 92'j(fi93ac; No. 2 red. Jl'a'o 92'.c: No. 2 hard 92' j'a 93‘ac. Corn—Firm: No, 2 white. 72<i73c: No 3 white. 71'n72c No 2 yellow. 71'272c: No. 3 yellow. 70'uTlr No. 2 mixed 70a7ic. No. 4 mixed. 69'-i7oc. Oats—Steady: No. 2 white. No 3 white. 4849 c. Hay—Steady: if. o. b. country points taking 23'ac or less rates to Cincinnati or Louisville); No. 1 timothy. 514&14.30 —lnspections Wheat— No 2 red. 1 car. Total. 1 car. Corn—No. 2 white. 1 car: No 3 white. 2 cars; No. 2 yellow. 3 cars: No. 3 yellow. 10 cars; No. 4 yellow. I car. Total. 17 Oats—No. 3 white. 2 cars; No. 4 white. 1 car; sample white, 2 cars. Total, 5 cars Local Wagon Wheat Citv grain elevators are paving 92 cents for No. soft red wheat. Other grades on their merits. (By United Press) CHICAGO. Aug. 22 —Cash grain: Wheat—No. 2 red. $1.04*4. No. 2 hard. $1.10*4; No. 3 hard. $1,09V Corn—No. 1 yellow. 78\c; No. 2 vellow. 78’4cT79c: No. 3 vellow. 78 1 4<878 , 2C; No. 2 white 80c: No. 3 white. 79'jc. Oats—No 2 white. 53ff53'2c: No. 3 white 50V0 53c: No 4 white 50’4>i51':c: sample grade. 49'2*71 500 Rye—No sales Bariev—Sales. 51.14© 1.20: ouotable. 80c©51.23 Timothv Seed—sl6.so© 18. Clover seed—sl2© lt. Cash provisions—Lard $8.90; loose. $8 65: leaf. $8.75; bellies. $12.75. TOLEDO. Aug. 22—Cash grain (in elevators, transit billing l : Wheat— No. 2 red. I.o4'afij 1.054. Corn—No 2 yellow. 81 $> 82c. Oats—No. 2 white. 54* a'a 55' aC. Rve—No 2. 87 1 Nir 88' jc. iTrack prices. 24'aC rate): Wheat— No. 1 red, SI.OI 1.01 1 2; No. 2 red, SK&I.OP CornNo 2 yellow. 774777'2c; No 3 yellow. 76'2 4i77c: No 4 yellow. 76'©76 1 2C. Oats—No. 1 white. 52’ 24/ 55c: No. 2 white. 51 ’'2®s3c: No. 3 white, 49 , 2@52'aC. NEW YORK. Aug 22—Cash grain Wheat—No. 2 red. $1 16',: No. 2 hard winter. $1.21 'i. Corn —No. 2 mixed. 82*4C. Oats —No. 3 white. 61*,c. ST LOUIS. Aug. 22.—Cash grain: Wheat in good 'mand, 72 to lc lower bn red and steu • on hard: No 1 red. $1.04'?: No. ? red garlickv, 97'2c; No. 1 hard sl.ll. Corn in good demand. 114 to 2c higher; No. 2 mixed. 79c; No. 2 yellow. 79 W79'2C Oats in fair demand. I,c higher; No. 2 white. 52'2c. Quaker Oats Sales Up. By Timm Special CHICAGO, Aug, 23.—G. A. MacDonald, vice-president of the Quaker Oats Company, announces that business measured in unit sales has shown a slight increase for the current year. Employment of the firm has held steady, while the pay roll is practically unchanged.

L&KS WXWASU for a Rsai. vacAT*#* ~-a/rbdt%s£Ae.&- • T.afee Wawaaee is the largest reasonable. Kates begia $6:01 lake iu northern Indiana—one of a day, including excellent neaia. the most beautiful and pictnr- # Accommoda ti4*. available km •sqite spots m the M.ddle Vest. • The Spink-Wawasee Hotel outside room with bath, beauti> and Country Club offers every fully furnished and appointed. •omfort, convenience and luxury . .. ... - , _ u. 1 • Wawasee is easily aumiiißM of a modern, metropolitan hotel. 7 , , . from all parts of the country hp • Golf, swimming, tennis, boat- motor car or airplane. Ing, horseback riding, fishing, ** <“•■* <*■ •truction) are among the many lod phof¥# y I>UH gill; spa-hm pleasures which yOW may enjoy. Hotel, ladiangpoKa, ImL, pboms Ttarala 2361; at Chicago headquarter, *. A<h • The cost of a vacation at the XraTeJ i4 Banker. BuiMtoa Spink-Wawasee is surprisingly Obcjo, phone Wnfeeeh ttll. I SPINK-WAWISEI

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NORTH SIDE rr , r T. s\ qirr Talbot A 2'Jnd I AIvIjOI I Double Feature mUDUI A II B. Warner “SORREL! AND SON” “A MODERN HERO” r. vmr. Illinois at 84tb lc I I /, Doubie Feature IVA 1 Geo. Arliss “HOUSE OF ROTHSCHILD” “DR. MONICA” TTniTAlirYt 42nd at College IIPTIIWN Double Feature L'A 4 CMT 11 Ruth Chatterton “JOURNAL OF A CRIME” “SISTERS UNDER THE SKIN DREAM “HOUSE OF ROTHSCHILD” _ - , tntb end College Stratford B a^a u r b i f ESSEe* "GAMBLING LADY” GIRL IN 419” __ __ . Noble t Mast. * MFPP 4 EamiW Site iTIH(V>V4iV Double Feature “CRIME OY HELEN STANLEY” “MONTI. CARLO NIGHTS _ . __ Illinois *t SOth GARRICK °7“f Jll 1 .:" - tilth • Northr-etern DU\ Fa mile KUe IVLA Boris Karieff “BLACK CAT” AID st ' at **' ''* Tne Ml ULam Double Feature CAROI-E LOMBARD “TWENTIETH CENTURY ••WILD GOLD” EAST SIDE _ . txpv E. Wash. St. CTR A\n Double Feature jllVa.'U Shirley Temple “Little Miss Marker” John Barrymore Carole Lombard “Twentieth Century” _ Oeerborp t )*tb DTVfll I Double Feature *N 1 VJIjI Charles Rugrles “MURDER IN THE PRIVATE CAR” “WILL SINNERS MEET” IRVING U “STRAWBERRY ROAN” EMERSON “MELODY IN SPRING” / “SPITFIRE”

_AUG. 23, 1934

GRAIN FUTURES DECLINE DURING DULLJESSION Market Is Featureless as Deliveries Move in Narrow Range. BY HARMAN W. NICHOLS United Pres, Staff Corrrupendent CHICAGO. Aug. 23 —The grain markets were rather dull and featureless at the opening today on the Chicago Board of Trade, prices moving in a narrow range and tending lower. Wheat was off to \ cent; corn was unchanged to 'g cent lower; oats was off to ** cent and rye was off *u cent. Weakness in the Winnipeg wheat market has had a bearish effect on the Chicago Exchange. Corn has been the feature of an otherwise featureless market, maintaining strength in the face of a dull wheat market and listless trading in oats. Considerable corn is being trucked from lowa and Illinois into the southwest and sold direct to consumers. The trading in oats was dull, but prices retrained fairly firm. There was virtually no interest in oats futures. but cash houses reported some demand. Chicago Futures Range —Aug. 23 Pr,v. Whcut — High Low. 10 00. clo,*. Sept 1 03*4 1.03', 1 03 1 2 104', Dec 105 1.04 1 2 104’, 105'* May 1.06’, 1.06 1 2 106'* 1.07** Corn— Sept 76', .76', .76< 2 .76*4 Dec. .78 7* .78 .78N ,78'A May 80'* .80'a .80‘a .81 Oats— Sept. ....... .50*, .50', .50', .50’, Dec 51 .50’ 2 .50’2 517* May 52’, .51*, 51*. ,S2>4 RyeSept .M’4 Dec 87 .87 .87’4 .87*, May 90*4 .90414 .90** 91 Barley— Sept • • • 83’g Dec 77 1 2 ,76’a .78’2 .78 May 79*4 79’/a .79 1 g .80 Tne above quotations are for new options. CHICAGO PRIMARY RECEITTS —Aug. 22 Bushels. Todav. Last Week. Wheat 419,000 637.000 Corn 761.000 880,000 Oats 108.000 96.000

EASI SIDE nr A k a *4 E. Washington". TACOMA &*;r “TWO ALONE” •THE POOR RICH” XI ’V f I\ A ,n2 ® B- New York it. TLXEDO r.”'s!r p :;"r, '•TWENTY MILLION SWEETHEARTS” HAMILTON map “MANHATTAN MELODRAMA” “YES, MR. BROWN" •I New Jar. at 1. Wiik. Paramount F * miiT N,t * i aiuimnnu Janet Gaynor ••CAROLINA” PARKER Double Feature WHIRLPOOL” “GLAMOUR” DAVV " K , Waebinrta* IvUA I Double Featare Warner Baxter “DANGEROCSLY YOLRS” BEFORE DAWN” Hollywood Igp “CHANGE OF HEART” SOUTH SIDE FOUNTAIN SQUARE ’ Double Feature H B Warner •SORREL AND SON” “REGISTERED M'RSE” SANDERS "raps' "A MAN’S GAME” “TRAPPED IN TIA JCANA” ORIENTAL 'SSb SEftr U,UIJI ,lalJ Carole Lombard “TWENTIETH CENTURY” ■HOLLYWOOD PARTY” _ a ar a r A\T *'ron t at i her iwai AVALON "NO GREATER GLORY” n . 118# S. Meridian KOOSPVP t Double Feature IVUU3CTCU Helen Twelretreee “ALL MEN ARE ENEMIES” GARFIELD “THE TRLMPET BLOWS” “ALL MEN ARE ENEMIES” WEST Sill® nni 11 \ tx W. Wash, at Belmont BELMONT far “THE GREAT FLIRTATION" “AFFAIRS OF A GENTLEMAN ___ prn e ewaT' HR W. Tenth It STATE Double Feature kjiAlG Shirlee Temple ••BABY TAR* A BOW” • l PPUt WORLD”