Indianapolis Times, Volume 46, Number 92, Indianapolis, Marion County, 27 August 1934 — Page 6

PAGE 6

Wall Street Few Bankers Approve U. S. Central Bank If Properly Formed. -BY RALPH lIENDF.RSHOT

Time* Special Financial Writer BANKERS in the financial district are giving considerable thought these days to the possibilities c>l the creation of a government central bank in this country. Many of them view the situation with a certain amount of apprehension, fearing that it may mean the further encroachment of the gov-

ernment in the banking business Others, 1 however, feel; that if it is properly set up it may be able to do considerable good. That there are times when the government should take a hand in bank-j ing is a view held quite widely among

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Hendershot

the more liberal of the bankers. Such times, they point out, are at the peaks of the boom periods and at the botoms of the depressions., The efforts at such times should be directed toward counteracting the; natural credit forces which have a habit of causing business to go to extremes. A central bank would be expected according to these bankers, to: tighten up on credit when its management feels the public is going too far into debt. It would also be ex- I pected in periods of depression, such as is now being experienced, to take steps to see that business is not. stifled by a lack of credit. But thecontend, there would be no point in j taking action at one end and not the other of the two extremes. 0 0 0 SUCH a central bank should not b<* manned or dominated by ; banking business. The influence of the Wall Street bankers had considerable to do with the late stock market speculative boom running away with itself. Active bankers always have selfish interests to serve and are likely to be influenced by them, no matter how honest they { might be otherwise and irrespective of any desire they might have to do the proper thing. By the same token, however, the bank should not be manned by politicians or be dominated by politics, it is felt. Such influences would be almost certain to cause the bank to fail to tighten up on credit when such a step was needed and to grant excessive loans in times of depression to curry political favors. 0 0 0 AN ideal situation, it is thought, . would be to have the bank run j by a board of governors appointed j by the President for life, as is the case with the United States supreme court. This, it is explained, would take the important problem of finance and credit entirely out of the hands of both politics and private interests. They should make public explanations of their acts, and minority opinions, if any. also should be rendered. It is realized that economic matters are much too important to be dealt with as lightly as they have been in the past; that booms and depressions cause too much wastage of national resources and bring about too much suffering. And. inasmuch as the expansion and contraction of credit has such an important bearing on the economic health of the country, the duty of control should not be delegated to other than a properly constituted government agency. In the Cotton Markets —Aug. 25 CHICAGO High Low Close January 13 60 13 50 13 50 March 13 72 13 59 13 61 May 13 77 13 65 13 65 October 13 39 13 26 13 26 December 13 57 13.43 13 43 NEW YORK January 13 52 13 45 13 45; March 13 62 13 48 13 48 I Msv 13 69 13 57 13 57 Julv . 13 75 13 65 13 65! October 13 32 13 20 13 20 December 13.47 13.35 i3 35 NEW ORLEANS January 13 40 March 13 57 13 47 13 47 May 13 66 13 55 13 55 Julv 13 61 Ortoher 13 31 13 20 13 20 December 13 36 13.35 13 35 Retail Coal Prices The following prices represent quotations from leading Indianapolis coal dealers. A 25-cent carrying charge per ton will be added OUMESTIt BE TAIL BRICES Antnracite 613.50 Brarii Lump 590 Brarll Egg . 6.90 Brazil Mine Run 6.25 Coke. Nut Stze 850 Coke. Egg Bize 8.50 Indiana Forked Lump No. 4 and 6. 5.75 Indiana Fig 8 "S Kentucky Lump. Qroup "B” 715 Pocahontas Lump 8 25 Pocahontas Egg - 8.35 Pocahontas Mine Run 0 New River Smokiest 8.35

ENGINEERING AWARDS DECLINE DURING WEEK Drop in State, .Municipal Contracts Account for Loss. NEW YORK. Aug. 27.—Engineering awards last week. as reported by Engineering News-Record, at $18,271.00. are 1 per cent below the preceding week. 13 per cent below the previous four weeks and 23 per cent higher than the ave-age week In August. 1933 Both private awards, at $3,382.00. and federal awards, at $5,719,000. are higher, but s 7 ate and municipal are down to $9 170.000. This loss is largely in highway awards which are down to $2,548,000. the lowest week this year Waterworks and sewers are also lower this week as are commercial buildings. Bridge awards are heavier, up to $2 400.000. industrial buildings are up to $1,500,000. public buildings. $2.600.000 and earthwork irrigation and drainage, at $5,800,000 is 129 per cent over the previous week. State and municipal bond sales at $2,789,000 are 170 per cent higher last week, and federal PWA allotments for non-federal work aggregate $24,053,000. EARNINGS SHOW DROP Decline of 10.9 Per Cent Reported by Utilities Firm for Year. By Timet Special CHICAGO. Aug. 27—Associated Gas and Electric Company and subsidiaries consolidated operations for the year ended June 30. show a net Income of $24,905,324 as compared with $27,954,207 for the previous year, a decline of 10.9 per cent. After charies of the company. Including fixed interest there was a , deficit o| $4,544,065. /

STOCKS RECOVER IN QUIET RALLY AT MID-SESSION Mining Issues Register Best Gains After Initial Weakness. BY ELMER C\ WALZER tutted Pres* Financial Editor NEW YORK. Aug. 27 —Prices ra!- ; lied from early lows in afternoon dealings today on the Stock Exchange. The main list still was down fractions to more than a point; from the previous close. Mining issues made the best ccmc-back and some of them, especially in the copper division, made small not gains. Kennecott firmed Ur 20%, up %. International Nickel eras'd nearly all of an early loss. Gold mining issues and silver shares reduced losses. Steel common came back to 36. where it was up % point. Other industrial issues also recovered.Sugars moved in a narrow range and the Cuban company issues were firm. Oils were mixed. Trading was dull throughout the session, and volume fell off further : on thp mild rally from the lows.! There was no feature and traders remained aloof until the market gave evidence of a definite trend Many left the Street for a holiday over Labor day. Money and Exchange INDIANAPOLIS BANK CLEARINGS —Aug. 25 Curings S 1.586.000.n0 Debus .. 5.143.000.00 Clearings for the week 10.729.000.00 Debits for tr.e week 26.852.000 00 FOREIGN* EXCHANGE (Bv Abbott. Hoppin 6c Cos.) Close Sterling England $5 06% Franc. France 0669% Lira Italv 0871 Belsias Belgium 2383 Mark. Germany 3180 Ctuilder. Holland 6880 Peso's. Spam 1388 Krone. Norway 2548 Krone. Denmark 2265 Treasury Statement ißy United Press) WASHINGTON. Aug 27.—Government expenses and receipts of the current fiscal year to Aug 24. compared with the corresponding period of the previous fiscal ; year: This year. Last year. Expenses . S 849 913 599 63 $542,920,245.40; Receipts... 455.297.806.82 319.484.169.66 Defier .. 394.615.792 81 223.436.075.74 Cash bal.. 2.220,890,423 87 Investment Trust Shares (Bv Abbott. Hoppm & Cos.) —Aug. 25Bid. Ask American Bank Stocks Corp 1.00 1.04 American A: General Sec A . 3.50 4.50 American Ac Inv Tr Sh 1.75 Basic Industry Shares 3.04 3 10 Br.tish Type Inv Tr Sh . .. 35 .44 Collateral Trustee Shares A 4 25 4.50 Corporate Trust Shares lold) 192 1.97 Corporate Trust Sh mewi . . 219 222 Cumulative Trust Shares .. 374 3.79 Diversified Trust Shares A . 625 Diversified Trust Shares B . 7.12 7.37 Diversified Trust Shajres C.. 287 2.91 Diversified Trust Shares D . 442 448 First Insurance Stock Corp . .50 .57 First Common Stock Corp . 54 .58 Fixed Trust Oil Shares A.. 760 . .. Fixed Trust Oil Shares B . 660 Fundamental Investors Inc . 182 2.50 Incorporators Investments .. 16 15 17 00 Land Bank Bond Shares .... 114 1.27 Low Priced Trust Shares ... 5.35 540 Mass. Inv Trust Shares .... 18 44 20 04 Nation Wide Securities . 3.16 3.20 North Am Trust Shares (53) 181 North Am Tr Sh (55-56) 222 226 North Am Trust Shares iSB) 223 2.28 Selected American Shares 2.35 Selected American Shares Inc 1.07 1.16 Selected Cumulative Shares . 6.19 . .. Selected Income Shares .... 321 Std Am Tr Shares A 2 80 286 Trust Shares of America . .. 263 2.74 Trustee Std Oil A 5.40 5 60 Trustee Std Oil B 4 86 4 96 U S Elec Lt 6c Pwr A 11 50 12.00 Universal Trust Shares .... 2.83 288 On Commission Row —Aug. 27Quotations below are average retail prices being offered to buyers by local commission house dealers. Apples—Fancy Delicious. $2; Transparents. $1503(175. Peaches—lllinois. Elbertas, bushel. $2 85. Plums—Michigan, large blue, bushel, $1 50. Oranges—California Sunkist, $5.25; Valencias. $4.25*i 5 25. Lemons—Sunkist. $6.50. Grapes—California seedless, crate. $1 40. Grapefruit—Florida seedless. $4.25*14.50. Cantaloupes—lndiana, bushels. 75c@$l. Pears-Michigan Bartletts. bushel, $2.25. Watermelons —25c. Bananas—Pound. sc. —Vegetables— Endive—Ohio. 2 doz.. basket. 85c. Sneo; Corn—Home grown, doz . 20c. Cabbage Northern. 2%c pound. Celery Michigan boxes. $1.10; medium, do/ . 45c Onions —Washington yellow, 50-lb. bag. $1 65: California whites. $2.00; homegrown. sl. Picking Onions—lo-lb. basket, sl. Potatoes—Eastern Cobblers. 100-lb. bag. $1 75 Kentucky Cobblers. $1.75. Sweet Potatoes —Eastern Yellow Jersevs. bushel. $1 60. Beans —Round stringless, bushel. sl3 1.50. Beets—New. 30c doz. Carrots—Ohio. doz.. 35c. Cauhflower—lOs-lls. crate. $175. Lettuce Outdoor. 15-lb. basket, 85c; Iceberg California, crate. $4.50. Peas—Hamper. $2 50. Radishes—Basket of 2 doz 85c. Spinach—Home-grown. 10-lb. baskets. 35c: bushel, sl. Finger Peppers—s-lb. basket. Boc. Tomatoes—Outdoor, basket. 50c; bushel. $l5O. • CHICAGO FRUIT MARKET ißy United Press i CHICAGO. Aug 27.—Fruit and vegetables Apples- Michigan Duchess, bushel, II: Michigan Wealthies. $1 25 : 1.50 Cucumbers— Michigan bushels. 75c. Tomatoes— Michigan 12 qt baskets. 25 -: 50c; crates. 7a*t3sc. Sweet potatoes—Tennessee bushels $1 75 Peaches—lllinois bushels. $2 25:2 50 Michigan, $2*12.25. Lettuce California crates. S2!?JSO: Michigan le*f baskets 25c. Beans—Michigan wax bushels, lIRIJS. Cabbage—Wisconsin crates 75c.i11. Canteloupes—Michigan crates. 50c ?$1 Corn—lllinois sacks. 251i 60c Carrots—California, crates. SI 50'S 2s Peppers—lllinois bushels. 75(g85c. Eggplants—lllinois bushels. 50'4 75c Celerv —Michigan crates. 50*7 75c; flats. 35@ 65c Cauliflower. western. $125*7135 Or.’.on rrarkr - 50 lb. sacks'- Caulifornia whites $1 40 :1 50: Washington Valencias. $1 10 l 30. Wisconsin Globes. 90c*i$l: Michigan yellows. 90c 91.

AUTO EXPORTS ADVANCE IN FIRST HALF OF YEAR Total Is Greater Than for Entire Twelve Months of 1933. By r sited Press WASHINGTON, Aug. 27.—Automobile exports were greater in the first six months of 1934 than for the entire year 1933, the commerce department reports. This year's exports through July totaled $lO9 902,707, compared with <93.968.383 for the entire year of 1933. and $82,185,000 in 1932. The Union of South Agrica. Belgium. Sweden. Australia and Japan were the chief purchasers. NET INCOME DECLINES Commonwealth Edison July Profit Totals $296,585. By 1 imes Specia. CHICAGO. Aug. 27.—Consolidated net income of the Commonwealth Edison Company for July totaled i $296,585 as compared with $329,- i 994 for the corresponding month of 1933. Gross revenues for the month totaled $5,086,868 against $5,746,097 in 1933. For the first seven months of the current year the net income amounted to $3,836,810 against $4,317,981 in the like period of a year ago. Gross (for the period was $43,977,379 as fimpwed with $41,713,223. * <

New York Stocks Bv Abbott, Hoppln & Cos. “

AVERAGE STOCK TKIC ES FOR SATURDAY' Net High. Low. Close, change. Thirty industrials 96.00 95.11 95.71 *.23 Twenty rails 38.5 Q 38.02 38.42 *.22 Twenty utilities 21.78 21.55 21.75 *.12 Forty bonds •••• 93.49 -f.12 Ten first rails .... 100.77 -r,27 Ten second rails •••• 76.65 +,15 Ten utilities .... .... 98.24 *.93 Ten industrials .... .... 97.59 —.05 * Up. -Off.

—Aug. 27 Prev Oil High. Low. 10.00. close. At; Rfg 26 Barr.sdal! 7 Cor.*ol Oil 9% 9% 9% 9H : Cent of Del 18% 18% Hourton <ld) ... . ... 18% Mid Cent Pet .. 12 ... 12% 12 1 a I Ohio Oil 10% ; Pet Ccrp . 10 1 2 I Phill.ps Pet .... IS 1 * 16*4 16*4 15% i Plymouth Oil .... .. 10 Pure Oil 8% Sbd Oil 28 1 a 28 1 2 Soc Vac 15 14% 14% 15 1 . S O of Cal 35 35 S O of N J 45*8 45 45 45 Sun Oil 65% Texas Corp 24% 24'a Tidewater Assn.. .. ... 11 10% Un Oil of Cai 16% Steels— Am Roll Mills 18'a 18’a Beth Steel 31 3 s 30*4 30% 31% Byers AM ... .. 17 (4 Col Fui &c Iron B*B Cruc Steel 22 % Inland Steel 40 McKeesport Tin - 88 Mid S'eel JO Natl Steel 431* 43 Otis Steel . 5 5 Rep Irn ic Steel 15% 15% Rp Irn 6c Stl pfd 48 48 ,U S Pipe & Fdv 21 20% 20% 21 U S Steel 35 7 i 35 1 2 35 1 2 35% U S Steel pfd . 81 1 b Warren Bros 8 7 7 i 7 7 s 8 Yocngstn S <fe T 18*4 Motors— Auburn . 25 7 s 25% Chrysler 35% 35% 35% 35' . Gen Mo'ors 31*.4 31 31 31*a Gen Motors pfd . 101 *.4 Hudson 9*B Hupp 2*B 2 3 4 Mac/: Truck 26% Nash .. Isa Packard 3T* 3*4 3% 31* Reo ... .. 3* Studebaker 33 Yellow Truck 414 Motor Access— Bendix 13 y a Bohn Alum 55'/4 . Borg Warner 23 Briggs 17% Buda Wheel ... 2% Eaton Mfg 1554 15 1 . Elec Auto Lite . 22% 22% 22% 22 7 i Houdallle A" 41a 4% Mullins Mfg 9 9% Murray Body .... ... . 5% Stew Warner .. 6 3 4 Timken Roll 30% 2914 29-% 30% Timken Det A*xle ... ... 6% Mining— Alaska Jun 191 8 19 3 i 19% 20 Am Metals 19%, Am Smelt . 38% 39 Anaconda 13'/* 13 13% 13% Cal & Hecla ... ... . 3*4 Cerro de Pasco 40% 40% Dome Mines ... 43% 44% Ort Nor Ore 11% 11% Howe Sound 55% Ins Copper ... 4 Int Nickel 26 26% Kennecott Cop . . . 20 20% Mclntyre Mine.. 47 46% 46% 47% Noranda Cop .... ... 43 43 Park Utah ... ... 4 Phelps Dodge 16% St Joe Lead ... 19% U S Smelters . .136% 135% 13514 137 Vanadium 19% Amusements— Fox Theaters... 1214 12'/ a 12% . Loews Inc 28% 23% Radio Corp 6 6 R K O 2% Warner Bros 4% 4% Tobaccos— Am Snuff 64 Am Sum Tob 20% 20% Am Tobacco “A" 75 Am Tobacco ‘B’* 79 Gen Cigar 43% Lig 6c Myer ''B’’ 9814 96% Lorillarci 18% Revn Tob "B" 40% Rails— Atchison 53% 53 53 53% Atl Coast Line 32% 32% B Sc O 18 1714 17 1774 Can Pac 14*4 Ch 6c Ohio ... 44V2 45 1 ■. Chi & Gt W 2% Chi &- Gt W pfd 5' 2 C M & St P 3% C M & St P pfd 6% 6% 6% 6% Chi N W ... 7% 7% 7% 7% Chi N W pfd 14% Dela & Hud ... 45 Del Lac & W 18% Erie 15 15% Erie pfd 20 Grt Northrn pfd 16% 16% 111 Central 18% 19 K C Sou 9% Lehigh Valley 13 Lou Sc Nash .. 46% M K fc T 7% 7% M K & T pfd . . 17% Mo Pac 3% 3% 3% 3 Mo Pac pfd .... 4% 4% 4% . N Y Cent 21% 23% 23% 24% N Y Chi & St L 15 NYC 6c St L pfd . 23 3 4 N Y New Haven 12 12% N Y Ont & West 6% Nor Pac . 19V4 20% Penn R R 25% 25 25 25% Reading . 44 Sou Pac 19% 19% 19% 20 Sou R R 18 18% Sou R R pfd 23 23% Union Pac 104% 104% West Maryland 10% Equipments— Allis Chalmers 13% 14 Am Brake Shoe 24 Am Car & Fdy 18% Am Loco 20 Am Loco pfd 45 Am Steel Fdy 15% Bald Loco 8% 9 Burroughs 12% 12% Case J I 44% 44% Cater Tract 2814 28% Deere 6c Cos 18 Elec Stor Bat 37% Oen Am Tk Car 35% Gen Elec 19% 19% Gen R R Sir 28',2 Ingsol Rana . 59 Int Bus Mach 137 . . Int Harvester .. 29 2814 28% 29 Natl C3sh Reg . . 15% 15% Pullman Inc ... 43 42% 42% 42% Rem Rand . . 9% Westlngh Elec 34% 34 34% 34% Worthington Pm 19% 19% Utilities— Am & For Pwr 7% Am Power & Lit 5% 5% AT&T 113'* 113% Am Wat Wks 17 17% Col Gas 6c Elec. .. ... 10% 10% Com &• Sou 1 3 4 1% 1 3 4 1 3 4 Consol Gas . 29% 29% 29% 29% Elec Pwr 6c Lit 4% 4*4 E P 6c L pfd 10% Int Hydro Elec 5% Int T & T 10% 11 Nat Pwr & Lit 814 8% North Amer 15% 13 15 15% Peoples Gas 28 Postal Tel pfd 15% Pub Serv N J 34% So Cal Edison 13% 14 Std Gas .... ... 9 944 Stone & Webster .■ ... 6% 7 United Corp 4% 4% 4% 4% Un Gas Imp . . 15% 15% 15% 15% Ut Pwr & Lit A . 2' 2 Western Union . 38% 38% 38% 38% Rubbers— Firestone 16'4

Goodrich ll'i ll’i Goodyear 24'i 24‘* 24' 24 3 * Kellv Spring ... . . 2>, U S Rubber . . 18 17>4 17'4 17 7 a U S Rubber pfd 41 3 a 41 * 4 Miscellaneous— Am Can 100'j Anchor Cap 174a Brklvn Man Tr. 44 7 a 44 44 3 * 44 Conti Can 82>* 82'/ Curtis Pub . ... ... 814 Eastman Kodak. .. ... ... 101 Gillette 12H Glidden 25*4 26 Va Inter Rapid Tr. 14V4 1344 14',% 13 Owens Bottle 73 Foods— Armour A . 6** 6'4 Beatrice Cream. 19 18’* 18 1 a 17 s * Borden Prod ... 27 26 7 $ 26 7 s 26 7 Cal Packing ... 42 417* 42 41 >2 Coca Cola 134 Cont Bak A 8 Corn Prod 62 Crm of Wheat 32'* Cuban Am Sug 8V Gen Foods ... 30 30 Gold Dust 19'4 19 19 19 G W Sugar ... 30** 31 Int Salt ... ... 31 'a Natl Biscuit 33' Natl D Prod . 17** 17>a 17>s 17*a S Porto Rico Sug 3333 33 33" 4 Std Brands 20*. 20'j 20', 20 7 , Un Biscuit 23Va 23‘a United Fruit ... . . . 74' a Wrigley 65'a 65 65>a ... Retail Store*— Asso Drv Goods 11'* 11'* Best & CO 32*4 33 First Natl Stores 64'j .. Gimbel Bros 3*t 374 Or Un Tea s* ... Hahn Dept Sts . ... . 4*4 Kresge S S 18* 18H 18* 18 '2 Kroger Groc 29 4* 29’* Macv R H 40>4 39** Marshall Fields. . . . 12** Mont Ward 2574 24*, 24*, 25‘ a Natl Tea 11 10** Penny J C 59' 59 7 , Sears Roebuck . 38 37’*337,7 7 , 38** Woolworth 50 l a 50 50 50 s , Aviation— Aviation Corp .... ... 4'? 4*4 Curtiss Wright .. ... 33 Curt Wright "A” .. 9 B*4 Douglas Air ... 19 18* 18 7 a 18 7 a Nor Am At 3‘a Speerv Corp .. . B'j B** United Aircraft . 15'% 15'* 15', 15'; Wright Aero 50' * Chemical*— Air Reduction •• 100*2 Aliiec Chem 132'* 132’2 132'a 133*2 Am Com Ale ... 2S' a 29 . 29 29 v* Col Carbon ... 70'. 69'* 6970 Com Solvents .. 22'a 21* 21* 22'a Dupont 93 93 '2 Freeport Tex 30** Liquid Carb 23'* Math Alali 29*4 Montsonta Chem . 54** Natl Dis inewt. 20H 20'* 20*% 20** Schenelev Dist . . 22 7 22 7 * Tex Gull Sulph. 35*4 35 35 35 Union Carbide . 42 *4 42 43 43!, cSr-~ ...1...$ ...

THE INDIANAPOLIS TIMES

Lehn <fc Fink 15 Un Drug 13*8 Zonite Prod 4% Financial— Adams Exp 8 8 Allegheny Corp 2% 2% 2% 2% Am Int Corp .. 7% 7% 7% 7% Che.a Corp 41% . Lehman Corp .... ... 69% Transamerica .. .. ... 6% 6% Tr Conti Corp 4% 4** Building— Am Radiator .. 14% 13*4 13% 14% Gen Asphalt ... 17% Johns Manville 48% 48% 48% 49%. Libbv Owens Gis .. ... 30>4 Oti: Elev 15% 15 Ulen Const 15% Household— Col Pal Peet 29% Congoieum 29 Kelvlnator .... 14% Proc 61 Gamble. 40 39% 39% 37% Simmons Bed. 12 12 Textiles — Amer Woolen 9% Beiding Hem 12 Celanese Corp ... 22 Collins Aiman 13 % Gotham Hose 514 4% Indus Rayon 24 New York Curb (Bv Abbott, Hoppin & Cos.) —Aug. 25 Cloae.i Close. Alum Cos of Am 61 Gulf Oil of Pa . 58 Am Cvanide B' 13%G01d Seal Elec. 2 Am Gas & El 25 Hiram Walker . 28% Am Superpower 24 Humble Oil ••• 43% Ass Gas & El % Imp Oil Ltd .. 15% Atlas Corp 10 Hud Bay Min.. 15% Axton Fish Tob 57 Int Petrol 29% Can Marc .... 2 Lake Shore Min 56% Cities Serv . 2 Lone Star Gas 5% Consol Gos Bit 65 Natl Belas Hess 2% Cord Corp ... 444 Nia Hud Pwr.. 4% Creole Petrol... 14 Penn Road .. 2% Depre 6c Cos ... 18 St Regis Paper 2% Distillers Cos.. 14'* Sherwin Wms.. 71 El Bd &Sh 13 Std of Ind 27% Fisk Rubber-. . 9%'Std of Kv 16% Ford of Can A’ 21% Un Gas 2% Ford of Europe 8% Un Pwr &Lt ‘A’ 24a Gen Aviation 4 Wr Harg Min.. 10 Glen Alden Ceal 20% !

Chicago Stocks 1 (Bv Abbott. Hoppin &Cos 1 *

—Aug. 27High Low 11:30 Allied Products ... 11 Asbestos Mfg ... 1% Bendix Aviation .. 13 4+ Berghoff Brew Cos 5 Brg-Warner ... 22% Butler Bros 8% B'/2 8% Chicago Corp com ... 24* Cities Service ... 2 Coleman Lamp & S 47 Continental Steel pfd.. • ■ 4 * Marshall Field & Cos .. 12% 12 12 General House Util .. 10'/s 9% 9% Great Lakes Dredge .... .. 16% Libbv-McNeil 7% 7% 7% Prirria Cos ... 3% Quaker Oats . 125% Swift & Cos 20% 20 20% Swift International ... 38% 38'/* 38% Utility & Ind % Utility & Ind pfd 2% Zenith Radio 2'/a

Bond Prices '■ By Fenner & Beane

—Aug. 27High. Low. 10:30. Alleg Corp 5s ’SO . . . 28% Am & For Pwr 5s 2030 52'/ 2 52 52% A T & T (ft 5s '65 108',2 Atchison Gen 4s '95... 102% 102 102 B & O cv 4%s %60 60‘/2 59% 60 Brazil 6%s (26) ’57 ... 29 Can Pac 4s '57 78% C & O 4'.is '57 110'% CMStP&P adj 5s A 2000 10'% 9% 10 CMStP&P rs 5s A ’75 32% 32 32 Cons Gas N Y 4%s ’57 102>/a Denmark 54is ’55 • ■ 91V2 French 7s '49 188 188% ISB Goodyear 5s '57 101% Gt Nor 7s A ’36 91 9144 91% Interboro R T 5s ’66 . 76Vi 75 75% Int T Sc T db 5s ’55 60% McKess 6c Robb 54*s 'SO . 824* Nat Dairy db 5'4S ’48.. 99% 99 99% Nor Am 5s '6l 85% Pac Gas & El 5s A '42 1064 4 Penn R R 447s D ’Bl 95'/a Poland 7s ’47 120 119% 120 Shell Un Oil 5s '52 ... 99% 994'a 99% Sin Cons 6'is B ’3B 103% Texas Corp 5s ’44 103% U S Rubber 5s A ’47 86% 86'/s 86% Ygstwn S & T 5s B ’7O 8544 C. S. GOVERNMENT BONDS (By United Press) NEW JORK, Aug. 25.—Closing Liberties: (Decimals represent thirty-seconds) Liberty 3 44s (32-47) 103.10 First 447s 132-47) 103.10 Fourth 4%s (33-38) 103.27 Treasury 4'7 s—347s (34) 102.17 4%S (47-52) 112.10 3%s (43-47) 103.20 3%s (41-43) March 103 29 3%s (43-43) June 103.29 3%s (43) 103.29 3'/as (46-49) 101.16 3s (51-55) 100.16 FEDERAL FARM LOAN BONDS (By Blyth & Cos.. Inc.) —Aug. 25Bid Ask 4s Julv 1, 1946-44 98 98% 4s Nov. 1, 1957-37 97% 984 2 4%s Julv 1, 1956-36 98 99 444s Jan. 1. 1957-37 98 99 4'7s May 1. 1957-37 98 99 447s Nov. 1, 1958-38 99 100 4 3 is Mav 1, 1942-32 99 99% 4%s Jan. 1, 1943-33 99 99% 4'is Jan. 1. 1953-33 98% 99% 4%s . 98% 99% 4%s Jan. 1. 1955-35 98% 99% 4%s Jan. 1, 1956-36 98% 99% 5s May 1. 1941-31 100% 100% 5s Nov. 1, 1941-31 100% 100% Home Loan 3s Mav 1. 1952-44 98.08 98.14 4s Julv 1, 1951 98.19 98.24 Federal Farm Mortgage Corporation 3s Mav 15. 1949-44 . 98.12 98.20 3%s March 15. 1964-44 100.10 The last four quotations are in thirtyseconds. New York Bank Stocks (By Abbott. Hoppin & Cos.) —Aug. 25Bid Ask Bankers • 57% 5717 Brooklyn Trust 87 89 Central Hanover 123% 124 Chase National 25% 25% Chemical 40% 40% National City 23% 23% Corn Exchange 47% 47% Continental 12 3 4 12% Empire 17% 18% First National 1530 1545 Guaranty 328 330 Irving 1544 15% Manhattan 6c Cos 28% 28% Manufacturers 191* 20% New York Trust 96 97 Public 294i 3047

REPORT NET INCOME Public Service Company Earnings Total $24,659 in July. By Times Special CHICAGO, Aug. 27.—Report of the Public Service Company of Northern Illinois and subsidiaries for July shows a consolidated net in- | come of $24,659 in comparison with $65,340 for the like period of a year ago. July gross earnings totaled $2,648,478 against $2,707,379. Net income for the first seven months of the current year totaled $1,533,263 as compared with $1,892,115 for the corresponding period of 1933. Gross for the like period aggregated $20,530,000 against $19,607, 095. Net Earnings Up Sharply By 'J imet Special NEW YORK. Aug. 27.—Net earnings of the Molydbenum Corporation of America for the six months ended June 30, after taxes and de- . preciation but before depletion amounted to $217,053.49 as against 536.555.50 for the comparative period of 1933. Directors Omit Dividend By l nitrd Frets CHICAGO, Aug. 27.—Directors of Illinois Bell Telephone Company failed to act on resumption of dividends on capital stock pending final clarification of the coin-box refund case. Dividends were omitted also May 23.

HOG PRICES UP 15 TO 25 CENTS AT STOCKYARDS Cattle Market Unchanged; Vealers Lower at $6.50 Down. Sharp upward movement was : continued in hog trading at the j Union Stockyards this morning when prices ad\anced from 15 to 25 cents above Saturday's average. Most of the increase was shown in lightweights where ail classes were 25 cents higher. Other grades ranging from 160 pounds up registered a 15-cent gain. The bulk, 160 to 200 pounds, sold at 57.50 to $7.55. Heaviest classes on hand weighing 200 to 325 pounds, were salable at $7.55 to $7.65, while a few choice kinds were reported selling at $7.70. In the lightweight division, hogs scaling 130 to 160 pounds, brought $6.40 to $6.90. Extremely small kinds, weighing 100 to 130 pounds, cashed in a $5.15 to $6.15. Packing sows sold at $6 to $6.75. Few held at $7. Receipts were estimated at 5.000; holdovers, 148. Early trading in the cattle on all classes of slaughter steers remained unchanged. Supplies consisted mostly of stocker and feeder grades. Top prices on steers was $8.50. while most heifers sold at $6.50. Receipts were 1.200. Weak undertone was displayed in the veal market, with practically all classes around 50 cents lower than the previous close. Bulk sold at $6.50 down. Top held at $7. Receipts numoered 1.200. Initial sa-es of lambs were weak to slightly lower than Saturday. Bulk of ewe and wether classes was selling at $7 to $7.25. Top remained at ;7. Bucks were discounted SI, while throwouts ranged from $4.50 to $6. Receipts were 1,700. Early bidding on hogs at Chicago was around 10 cents higher than Saturday at $7.55 down. Receipts were estimated at 17.000, including 8,000 directs; holdovers, 1,000. Cattle receipts numbered 25,000, including 9.000 government cattle; vealers numbered 4,000, including 2,000 government calves; market, steady. Sheep receipts were 14,000; market, unchanged.

Aug. Bulk. Top. Receipts. 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 24. 7.40® 7.50 7.55 5 000 25. 7.40® 7.50 7.55 2,000 26. 7.50® 7.55 7.70 5,000 Market, Higher. (140-160) Good and choice • $ 6.65® 7.25 —Light Weights—-(l6o-180) Good and choice ... 7.45® 7.55 (180-200) Good and choice ... 7.50® 7.60 —Medium Weights—-(2oo-220) Good and choice ... 7.55® 7.60 (220-250) Good and choice ... 7.55® 7.65 —Heavy Weights—-(2so-290) Good and choice ... 7.60® 7.70 (290-350) Good and choice ... 7.45® 7.65 —Packing Sows—-(27s-350) Good 6.50® 7.00 (350-425) Good 6.35® 6.75 (425-550) Good 6.25® 6.50 (275-550) Medium 6.00® 6.40 —Slaughter Pigs—-(loo-130) Good and choice .. 5.15® 6.15 CATTLE Receipts, 1,200; Market, Steady. (550-900) Choice $ 6.75® 8.75 Good 5.75® 7.30 Medium 4.25® 6.25 Common 2.75® 4.2a (900-1.100) Choice B.oo® 9.50 Good 6.75® 8.52 Medium 4.00® 6.50 Common 3.00 ? 4.50 (1.100-1,300) Choice 8 50® 9.75 Good 6.75® 8.50 Medium 5.00® 7.00 (1,300-1,500) Choice 9 no® 10.00 Good 7.stt@ 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.a0 —Cows— Good 3.50® 4.75 Common and medium 2-50® 2 22 Low cutter ard cutter 2.50® 3.50 —Bulls — (Yearlings excluded) Good 3.00® 3.50 Common and medium 2.00® 3.00 VEALERS Receipts. 1,200; Market, Lower. Good and choice $ 6.50® 7.00 Medium 4.00® 6.50 Cull and common 2.00® 4.00 —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..i0@ 2.00 SHEEP AND LAMBS Receipts, 1,700; Market, Steady. Lambs, 90 lbs. down, good and choice $ 7.00® 7.50 Common and medium 5.00® 7.00 —Ewes—-(9o-120) Good and choice .... 2.00® 3.00 (120-150) Good and choice ... 1.50® 2.50 All weights, common and medium I.oo® 2.00 Other Livestock (By United Press) CHICAGO. Aug. 27.—Hogs—Receipts, 17,000, including 8,000 directs; market, 15 to 25 cents higher than Friday; 200-300 lbs., $7.55® 7.65; top, $7.75; 140-200 lbs., $6.50(0 7.60; few pigs, ss® 6; packing sows, $6.75® 7; light lignts, 140-160 lbs., good and choice, 56.504/.7.40: light weights, 160200 lbs., good ana choice, $7.15® (.65; medium weights, 200-250 lbs., good and choice. $7.50®7.75; heavy weights, 250-350 lbs., good and choice, s7.so®'/.70; packing sows, 275-550 lbs., medium and choice. sb®7.lo; slaughter pigs, 100-130 lbs., good and choice, ss® 6.50. Cattle —Receipts, 16.000 commercial. 9.000 government; calves. 2.000 commercial, 2 000 government, fed steers and yearlings, 15 to 2o cents higher; active at advance; all interests in trade; top, $10.50 paid for 1,504 lb. averages; numerous loads, $9.75® 10.40; all heifers sharing steep advance; cows steadv to strong; oulls active and strong; best, 53.50, best heifers, $7.65; vealers, 25 to 50 cents lower, largely $6.50 down, with best around $7; slaughter cattle and vealers: steers, 550-900 lbs., good and choice, $6,254/9; 900-1.100 lbs., good and choice, $6.50® 10; 1,100-1,300 lbs., good and choice, s7® 10.50; 1,300-1,500 lbs,, good and choice, $847 10.50; 550-1,300 lbs., common and medium. s3®B; heifers, 550-750 lbs., good and choice, $5.75®7.75: common and medium, 53.25®6; cows, good. $3.75®5.50; common and medium, $2.50® 4; low cutter and cutter. $1.754i2.75; bulls, yearlings excluded, good beef. $3®8.75: cutter, common and medium. $2 504/8.50: vealers, good and choice, $5.75®7.25; medium. s4® d.75; culls and common. s3®4; Stocker and feeder cattle: steers. 550-1.050 lbs., good and choice, $4 50®5.25; common and medium, $2.50® 4.50. Sheep—Receipts 14.000; fat lambs, opening slow; bids and few sales native lambs J 5 to 25 cents lower, few choice ST. 15• best held highe;. others bid $7 downward; little done on rangers, sheep about steady; slaughter sheep and lambs: lambs. 90 lbs. down, good and choice $6.40®7.35; common and medium. 55®6.60: ewes. 90-150 lbs., good and choice. s2® 3 25: all weights, common and medium. $1.50® 2.50: feeding lambs, 50-75 lbs . good and choice. 55.5C&6. (By Times Special) LOUISVILLE. Aug. 27—Cattle—Commercial. 950; supply moderate to light; quality improved, demand fairly broad; marke't, fairly active; early sales of slaughter steers and heifers around 25c higher than last week’s close: other slaughter classes fully steady as compared with last Friday; early sales common to medium grassy steers and heifers. $3®4.75; better finished steers and heifers, mostly *5.254/ 6 25. with one consignment of forty strictly good grain on grass steers averaging 1 100 lbs. at $6 50: early bulk beef cows, *2.50®3; better kinds to $3.50; bulk low cutters and cutters. *!/ 225 bulk sausage bulls, *2.504/3; few outstanding heavy offerings higher; Stockers and feeders, active, fully steady to strong compared with last week's close; spots 50c higher than last Monday; most desirable Herefords. 54.50&5; some choice kinds. *5.50; common to medium grade native Stockers and feeders around steady at *2.504(3.50. Calves—Commercial, 1.200. j including around 725 stock calves: market not established: bulk better vealers Saturday. *5.504/ 6; choice handyweights to *6 50 Hogs—Receipts, 1.200; market not established; earlv bids, 10c higher, and early asking prices. 15c higher; top Saturday. *7 40 on desirable 185-275 lb. weight. Sheep—Receipts. 3 150 including 2.000 stock ewes; lamb market, not fullv established, but most early sales around steady, with Saturday lambs supply light quality fair demand dependable: early bulk better trucked in ewes and wethers largely *6® 6 50: choice kinds to *6.75; few strictly choice long hauls, $7; budks discounted most; throwouta. *3.504/ 4. far ewes, mainly Sl®2; few higher stoc# ewes, *6®.7.50 a heed.

750,000,000 Bushels Is 1935 Wheat Crop Goal

Farm Administration Plans Planting of 62,350,000 Acres of Cereal. Ry C nlti rl Press WASHINGTON. Aug. 27.—A 1935 wheat crop of 750,000,000 bushels is the goal of the farm administration, it was announced late last week. A limitation program to achieve such production would call for planting of about 62,350.000 acres. The 1934 wheat program called for a reduction of 15 per cent below the base acreage but next year’s plan will seek only a 10 per cent reduction. In other words, farmers par- | ticipating in the AAA control program will be asked to plant 90 per cent of their base acreage, or about 46.350.000 acres. Non-contracting producers repre- | sent an additional 16,000.000 acres. If before the crop is brought to | harvest, high yields and a bumper j crop are indicated, some of the growing grain might be stored as ! insurance against future shortage. I The government would lend money on stored grain to provide an incentive for holding it off the market. Producers, already under conI tract, will be allowed to plant an I additional 5 per cent of their base j acreage, which will represent about a 2.575,000-acre increase over that planted this year. A 1935 crop of 775,000,000 bushels | added to the indicated carryover next July 1 of 125.000.000 bushels would give the United States a total wheat supply of 900,000.000 bushels. Assuming the usual 650.000.000 bushels will be required for domestic use, the carryover as of July 1. 1936, should approximate 1 275,000,000 bushels. Officials ap- ( parently feel there will be a foreign ; market for half of this or more by | that time. It was emphasized that the wheat program no longer was based on the ! curtailment principle—that the pres- ! ent idea was to arrive at an areage figure which would yield the desired production year in and year out. Os course, the acreage goal may vary as the foreign situation shifts. Previously it was announced that benefit payments of 29 cents a bushel would be made to participating producers in 1935. These will total about $102,000,000. TWO DIVIDENDS VOTED BY WRIGLEY COMPANY Disbursements of 25 Cents Each Payable Nov. 1 and Dec. 1. By times Special CHICAGO. Aug. 27.—William Wrigley Jr. Company, directors this week declared two regular monthly dividends of 25 cents each, payable Nov. 1, and Dec. 1, thus providing disbursements to stockholders for all the months in the year. A special dividend of 50 cents a share was paid on March 16, in addition to the regular dividends. Extra dividend of 25 cents a share was declared by the Louden Packing Company on the capital stock in addition to the regular quarterly payment of 3716 cents. Payment of 12% cents was paid in the preceding two quarters. Abbott Laboratories directors announce an extra 10 cent dividend on the capital stock in addition to the regular quarterly disbursement of 50 cents. Extra 15 cents was paid to stockholders on July 2, and 10 cents on April 1. NET ~SALES INCREASE McKesson & Robbins July Output 4.61 Per Cent Above 1933. By Times Special CHICAGO, Aug. 27.—McKesson & Robbins, Inc., drug manufacturers and distributors, report net sales of $8,555,829.32 for July, as compared with $8,178,903.04 reported for July 1933, an increase of $376,926.28 or 4.61 per cent. Sales for the first seven months of the current year aggregated $71,159,069.13 as compared with $57,053,692.18 reported for the corresponding period last year, an increase of $14,105,376.95 or 24.72 per cent. Produce Markets Delivered in Indianapolis prices: Hency hens, 12c; Leghorn hens, Bc. 1934 broilers. 2 lbs. and over, 13c; Leghorn broilers 1% to 2 lbs. and over. 11c; bareback broilers, 10c; old roosters. sc; ducks and geese, 3c; younij guineas, 20c: old guineas. 15c; No. 1 strictly fresh country run eggs, loss off 17c. Each full case must weigh 55 lbs. gross; a deduction of 10 cents a pound for each pound under 55 lbs. will be made. Bdtter—No. 1. 30*5 31c. Buttfat, 23c. Quoted by Wadley Company. (By United Press) CHICAGO. Aug. 27.—Eggs—Market easy; receipts, 7.467 cases; extra firsts, 21*/22c; fresh graded firsts, 20%c; current receipts. 17*519%c: dirties. No. 1. 16%c: No. 2 12c; checks. No. 1. 16c; No. 2,12 c. Butter— Market unsettled; receipts, 11.157 tubs; extra firsts 90-91% scorei. 25%'?26c: extras (92 scorei, 26%*527c: firsts (88-89% score), 24®" 25c: seconds (86-87% scorei, 22%@23c; specials. 27%*J28c; standards. 26c. Poultry—Market firm; receipts. 1 car 18 trucks, 3 cars due: frvers ll'i: broilers, 15® 17c; Leghorn broilers. 13' • 15c; geese, old, 7*59c: turkevs. 10® 15c; old roosters. 10c; hr ns. 1 4*515c; black chicks. 10*5 12c; barebseks. 13c; cocks. 8; Leghorn cocks. 9c; colored springs. 16c; white rocks. 18c: Plymouth rocks. 19c; ducks, old. 9*t 10c: spring. 10*513%c; colored Plymouth rocks. 16c; Leghorns, l2c. Cheese—Twins, 13® 134aC, longhorns, 13% *sl4c. daisies. 13%*5 14c Potatoes—Supply liberal: demand and trading moderate: market steady on Idaho russets, weak on other stock: Wisconsin round whites. SI 20 *5 1.30, commercial grade, $1.05*11.15: United States No. 2,70 c: Wisconsin triumphs, [email protected]; Minnesota round whites, scabby. $1; early Ohios, scabby. 75c: Idaho russets. $150*71.75: combination grade. $1.34*5145: North Dakota triumphs. $1.50; Colorado triumphs, SI 73 *5 1.85. Arrivals. 156: on track. 292; shipments Saturday. 434; Sunday, 65. NEW YORK, Aug. 27.—Potatoes—Easy; Long Island. 40c*r$%05 a bag New Jersey. 40c*1 $1 a bag; southern. 40*i85c a bag. Sweet potatoes —Quiet; Jersey basket, 50c *?51.50: southern barrel, SI. southern basket. 40c*j*l 50 Dressed poultry—Steady; turkeys, 17*; 32c; chickens, 10*5 28c: broilers. 16*r28c; capons, 25*535c; fowls, 9*520c; Long Island ducks. 13*716c Live poultry—Steady; geese. 6*; 7c turkeys. 10*j15c: roosters, lie: ducks. 8*510c: fowls. 10*il8c; chickens. 21*525c; i broilers. 17*j22c. Cheese—Dull: state whole ! milk, fancy to specials, 19*i20c; Young America, 14%*514%c. Butter —Receipts,] 6.298 packages; market, easier; creamery higher than extras. 27%*7 28c; extra 192 scorei. 27c; first (90-91 scorei. 26*7 26%c: I first 'BB-89 score' 25*525%c; seconds, 24 *7 24%c- centralized '9O score'. 26c; cen-j tralized 'BB to 83 scare', 25*7 25%c; cen- j tralized 'B4 to 87 scote'. 24*7 24%c. Eggs —Receipts, 11.235 cases; market, unsettled; special packs Including unusual hennery selections. 23*527%c: standards, 22%c; firsts. 21%c; seconds 20c: mediums. 19*519%c; dirties, 19*719%c; checks, 16% 617 c. Other Livestock By United Pres* FT. WAYNE Aug 27—Hogs—10*515c higher: 250-300 lbs.. *7 55 200-250 lbs $7 40; 180-200 lbs .$7 30; 160-180 lbs $7 20; 1 300-350 lbs . $7 30; 150-160 lbs 56 60. 140150 lbs . $6 35 130-140 lbs.. $6.10; 120-130 i lbs $5 60 100-120 lbs . $5 35 roughs $6 25; stags, $4 Calves. $7; lambs. $6.75 Declare 35-Cent Dividend. By 1 ime* Special CHICAGO. Aug. 27.—Dividend of 35 cents a share on ths common stock has been declared by the Union Carbide and Carbon Company, payable Oct. 1, to holders of j record Sept. 4 A similar dividend , was paid three months ago. ' 1

TOBACCO PRICE LEVEL HIGHEST SINCE WAR Bright Leaf Quoted at From $24 to S2B for 100 Pounds. By l nitfd Frets RALEIGH. N. C.. Aug. 27.—T0: : bacco growers throughout eastern ; North Carolina's new bright belt i were Jubilant today as opening prices of the 1934 sales season j reached the highest level since the world war. Averages on the eighteen markets, | among them the greatest bright leaf ! marts in the world, ranged from ! $24 to S2B for 100 pound;, in many ' cases two and one-half vimes the prices paid on opening day in 1933. Planned production under the agricultureal adjustment administration, producing a crop of almost 400,000.000 pounds, in comparison with more than 500,000,000 last year, along with ideal weather conditions which helped growers raise leaf of high quality, were considered rei sponsible for the leaf price increases. OUTPUT OF PIG IRON ADVANGES U. S. Production in First Half of Year Totals 9.926,956 Tons. By Times Special NEW YORK, Aug. 27. —Production of pig iron and ferro-alloys in the United States in the first six months of the current year totalled 9,926,956 gross tons, the largest half-yearly production since the first half of 1931. it was announced today by the American Iron and Steel Institute. This compares with 4.488,885 gross tons in the first six months of last year and 8,856,717 gross tons in the latter half of the year. Pig iron production has shown a steady semi-annual increase from the record low of 3,351,814 gross tons in the last half of 1932 but is still far below the all-time half yearly high of 21,860,060 gross tons established in the first six months of 1929. The only other six months period in which production exceeded twenty-one million tons was in the first half of 1923 when the output totalled 21,016,475 gross tons. Os the 275 blast furnaces in the United States, ninety-eight were in operation on June 30, as compared with ninety-one on the same date last year and on December 31, 1933. Os the total output, 9,669,015 gross tons represented pig iron and 257,941 gross tons ferro-alloys. There were twelve blast furnaces which were making ferro-alloys only or ferro-alloys and pig iron. Charcoal pig iron accounted for 9,508 gross tons while coke pig iron accounted for the remainder. Pig iron tonnage by grades was divided as follows in 1934; Basic, 6,247,692; Bessemer and low-phos-phorus, 2,191,855; foundry, 691,687; malleable, 505,504; forge or mill, 19,204; white and mottled direct castings, etc., 13,073. Os this amount, 1,483,951 tons was merchant iron for sale and 8,185.064 tons were for maker's use. Pennsylvania and Ohio ran neck and neck in production, the former having a total of 2,658,638 tons and the latter 2,736,848 tons. PETROLEUM TRANSPORT COMPANY NETS $152,4'9

Pan-American Quarter Earnings Equal to 3 Cents a Share. By Times Special NEW YORK, Aug. 27,-Pan-American Petroleum-Transport Company and subsidiaries for the quarter ended June 30, report a consolidated net profit of $152,419, after taxes and charges, equivalent to 3 cents a share on 4,702,945 shares of common stock. Earnings of the quarter compared with a net lass of $263,?09 in the preceding quarter and a loss of $611,511 in the corresponding period of last year. Operations for the six months ended June 30 showed a net loss of $110,790, in contrast with a net loss of $1,856,705 in the first half of 1933. Births Boys James and Dorothy Green, cifV hospital Clarence and Mane Moon, city hospital. Harry and Lillian Myers, city hospital. George and Lillian Berry, city hospital. William and Helen Sanders, city hospital. Jack and Ethel Barrett, city hospital William and Constance Nixon, city hospital. Aldrich and Thelma Rhyne, city hospital. Charles and Josephine Oberting, Coleman hospital. Thomas and Olyve Plunkett. Coleman hospital. Charles and Laura Gordon, Coleman hospital. Joseph and Florence Chope. Coleman hospital. Harold and Myrtle Dunlap, Methodist hospital. Kenneth and Jessie Stewart, Methodist hospital. Charles and Julia Barger. Methodist hospital. Wood Bnd Margaret Moll. Methodist hospital. Henry and Charlotte Smith. Methodist hospital. Chris and Norma Barton. Methodist hospital. Roscoe and Rebecca Wallace, 934 North Sheffield. Hurtley and Pauline Goston. 2605 West Jackson. Nealie and Grace Wilson. 1002 Harrison. Hugh and Amanda Brown, 821 South Belle Vieu. Earl and Dorn Hankins. 913 Tremont Girls Roilin and Loutlshia Curry, city hospital. Alfred and Mamie Lawson, city hospital. Scoba and Mary Rhodes, city hospital Charles and Gladys Cutter, city hospital. Theodore and Katherine May, city hospital. John and Clora Hobbs, city hospital. Benjamin and Beatrice McMasters. Coleman hospital. Thomas and Cecil Gocitel, Coleman hospital. N Cort and Ethel Davidson, Methodist hospital. Charles and Ruth Marie, Methodist hospital. Kenneth and Luella Mikels, 661 Coffev. William and Della Walker, 1809 Eastern. Ralph ano Bessie Jensen. 1215 Comer. Deaths Jerome B Edwards. 76. of 1923 Park, pneumonia. Virgil L Cain. 1 month, city hospital, acute rephrffis. Edith Dad?. 27. Methodiat hospital, pulmor.arv embolus. Hazel Hollingsworth 31. Methodist hospital. bowel obstruction John Gray. 65. of 346 Maple, coronary occlusion Dorothv Forshee. 2. Riley hospital, pneumonia. Blanche Edwards, 44. of 821 Meikle, uremia. Anna Ruth Scott. 8. city hospital, peritonitis.

.AUG. 27, 1934

GRAIN FUTURES TURN WEAK IN narropange Weather News and Strong Tone at Liverpool Ignored. BY HARMAN U\ NICHOLS I'nitfd Pres* Staff Correxpondrnt CHICAGO. Aug. 27.—The general I uneasiness which characterized the | gram trade last week filtered • through to today's opening of the Chicago Board of Trade and values ' cased fractionally. Wheat started % to 4 cent lower; . corn was off % to ’* cent; oats was % cent lower to % cent up, and rye was unchanged to % cent off. Weather news was disregarded at the start, as was strength in the • Liverpool market. A gentle downturn in stocks, however, attracted some attention. Cables reported Liverpool wheat tending upward with weekly statis- * tics bullish. Chicago Futures Range —Ab*. 27 Whzat— Pri*v. _ . High. Low 10:00. elesr B'P! 1 03*. 1 02"', 1.03% 103 , DOC 1.04% 1 04 1 04 1 04% M*V 106% 1.05% 1.05% 1.06% Corn— Sept 78% .78 .78% ?Q% Dec 80% .79% .79% May 83% .82% .82 s , S3 . Oats—P/c 51% .51% .51% ,51% * May 53 .52% .52% .52’, Rve— Sept .86% * Dee 87% .86% 87% .87% May 91 .90 .90% .91% BarleySept .82 RJ Dec 78 .77% .78 .77% May .. .. .78 CHICAGO PRIMARY RECEIPTS —Aub. 25 —Bushels—- „„ Today Last week Wheat 889,000 795 000 Corn 1.010.000 1.296.000 Oats 175 000 200 000

Cash Grain

INDIANAPOLIS —Aug. 25 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 17 %c to river: Wheat—Steadv: No 1 red, 94*795c: No. 2 red. 93*J94c: No. 2 hard 95*/ 96c. Corn—Strong: No. 2 white. 74%<f75%r.: No. 3 white 73%*)74%c: No. 2 yellow. 73% *i74%c; No 3 vellow. 72%*7 74%c: No 2 mixed, 72*i74' ac: No. 3 mixed. 71%% 72 %c. Oats—Strong: No. 2 white. 50*?51c: No. 3 white. 493 500. Loral Wagon Wheat City grain elevators are paving 91 rents for No. soft red wheat. Other grades on their merits (Bv United Press) CHICAGO. Aug. 25.—Cash grain: Wheat No. 2 red. $1.05*7 1.05'a". No. 4 red. $1.04; No. 5 red. $1.02%: No. 2 hard. $1.10%® 1.10%; No. 4 hard. $1.08; No. 3 mixed. SIOB (weevlv): No 4 mixed. $107: No. 4 red. 97%c (garlicky. Corn—No. 2 vellow. 80%*'81%c; No 3 vellow. 80%*?80%c: No 4 vellow 79%380%c: No. 5 vellow. 78%c: No. 2 white. 82%c. Oats—No. 3 white. 52%*? 53 ’, c: No. 4 white. 51%-c: sample grade. 50c. Rve—No sales. Barlev—No sales, quotable. 80c*/$1.20. Timothv seed—sl6.so*? 18. Clover seed—sl3*4 17.50. Cash provisions—Lard. $9: loose. $8.92: leaf $9; bellies. $13.45. FORTY-TWO ISSUES OF SECURITIES EFFECTED July Registrations Have Total Value of $113,081,101. By United Press WASHINGTON, Aug. 27.—The Federal trade commission announced this week forty-two issues of securities totalling $113,081,101 became effective during July under the 1933 securities act. July registrations brought the total since July 1933, when the act became effective, to 750 issues totalling $1,070,237,539. The July included, sixteen industrial and commercial issues totalling $43,925,662; nine financial statements involving offerings of $59,195,100 and seventeen reorganization statements amounting to $9,960,338. PROFIT REPLACES LOSS Poor & Cos. Earns 5310.000 in First Half of l T ear. By Times Special CHICAGO, Aug. 27.—Net profit of $310,000 after interest depresiation and federal taxes was reported by the Poor & Cos. and subsidiaries for the first half of the year. A net lass of $200,176 after the same charge deductions was reported for the like period of 1933. Fred A. Poor, president of the company, stated that net billings were $2,765,000, or over three times as great as those for the corresponding period of last year. Marriage Licenses John Hill. 28. of 958 North Pennsylvania street, civil engineer, and Mary Stlers. 24. Sprink-Arms hotel, stenographer. Frang Riggs Jr., 26, of 55 Whittier place, accountant, and Marie Shaner. 27, of 1222 North Oakland street, housekeeper. Nathan Chupp Jr.. 22. of 927 Pleasant Run parkway, student manager, and Margarite Lewis, 21, of 714 Pleasant Run Parkway, beautician. Floyd Overton, 48. of 107 South Beimont avenue, chain assembler, and Eva Jones, 41. of 755 Oiin avenue, machine operator. Charles Dowling. 25. of 834 North Tacoma street, musician and Dolly Hughes. 27. of 3700 Keystone avenue beautician Melvin Paxton. 2a, of 1835 North Meridian street, assistant manager and Francis Howard, 22, of 2355 College avenue. housekeeper. Cecil Simons. 25, of 825 East New Yor< street, truck driver, and Betty Haldmz. 25. of 835 East New York street, housekeeper. Okra Breidenbaugh. 23. of 604 East Thirteenth stree', NR A. and Martha Gardner. 23. of 227 East Fall Creek parkway, housekeeper. Edwin Jordan. 19, of 2837 North Olnev street, laborer, and Ruth Clark. 18. of 3206 Forest Manor, housekeeper. Floyd Howard. 22, Newcastle, salesman, and Josephine Anderson. 18, of 1209 Wright street, housekeeper. Norbert Dawns, 23 Knoxville, Tenn , TV A, and Laura Smith. 27. of 315 East Thirty-third street, housekeeper Emmet Thornton 38. of 420 North We t street, waiter, and Flossie Maxwell. 42, of 746 Indiana avenue, maid Max Longsdorff. 27. Hamilton, O . paper maker, and Atha Murray, 24, of 615 North East street, paper inspector. Arthur HofTman, 24. Effingham. HI., bus driver, and Catherine Pais. 17, of 231% North Jefferson street, housekeeper Loren Ake. 25 of 2407 North Delaware street, pathologist, and Marian Welch. 26. of 2407 North Delaware street, teacher. Plumbing Permits M. A Armstead, 526 West Twenty-fifth; two fixtures John Oottmoeller, 837 Massachusetts; two fixtures. John Gottmoeller 1262-1264 West Twenty-fifth; four fixtures. John Irvin. 1205 North Keystone; one flx*ure. E E Taylor, 2428 North La Salle; two fixtures. C. A. Johnson. 359 Massachusetts: one fixture.

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