Indianapolis Times, Volume 46, Number 95, Indianapolis, Marion County, 30 August 1934 — Page 17

AUG. 30,1934

Wall Street Railroad Freight Rate Increase Is Doubtful, Fianciers Say. BY RALPH HENDERSHOT Ttan Financial Writer J ALL STREET was not partic- * * ularly encouraged over the application of the railroads to the interstate commerce commission lor an increase In freight rates sufficient to yield *l7O 000,000 or more. It was doubted in most quarters that the request would be granted, and it was felt that a rate increase

at this time j might do more | harm than good if the I c o m m i ssion did look upon l it with favor. The point 1 was mad e, j however, that j the applicationl •nay have the effect of bring- ) ing the Issue ! out into the • open. If this: happens, it was '

I IKL g ■

Itendmhot

argued, the carriers have a chance of securing fundamental reforms. Their underlying difficulties have hinged primarily on competition from trucks and steamship lines, neither of which are subject to government regulation. Joseph B. Eastman, federal coordinator of transportation, is known to favor government regulation of all water carriers and trucks engaged in interstate traffic. And Mr. Eastman is said to stand well with the administration in Washington. His term of office .recently was extended for another year. B tt THE co-ordinator is said also to have other plans in mind for the railroads. These probably have to do with improving the efficiency of the carriers, in no small measure. no doubt, through the purchase of more up-to-date equipment. The rolling stock of most companies is very old and consequently very expensive to operate. With competition rendered less severe, the roads should be able to finance their equipment requirements without too much difficulty. Mast people in Wall Street feel the railroads should also improve on their management. They have paid altogether too little attention to the needs of shippers in the past, it is argued, and have been inclined to be satisfied with supplying inferior service. They were scouting the idea of truck competition when they should have been laying plans to combat it. a u u THE Dominion of Canada apI pears eager to grab off United States markets as rapidly as possible. The idea behind it undoubtedly is that they make for prosperity and add to the tax receipts of the nation. Word was received from Montreal recently that anew silver exchange had been granted a charter. The Dominion apparently had no need for such an exchange until the United States nationalised silver, which automatically shut off all dealings in silver futures here. Speculators in the metal contracts turned to London, but they probably will be glad to switch back to Montreal when the facilities are arranged. With our government in the market for silver, futures in the metal look like a sure-thing bet to speculators. Naturally they are going to get in on it if they can. And obbiously they will be glad to pay a small tax for the privilege. In the Cotton Markets —Aug 29 CHICAGO High. Low. Close January 13 4 13 46 13 46 March 13 61 13 52 13 52 litv 13 70 13 61 13 61 October 13 39 13 28 13 30 December 13 53 13.40 i3.40 NEW YORK January 13 48 13 39 13 39 March 13 56 1 344 13 45 Xfnv 13 62 13 52 13 53 July 13 70 13 59 13 59 October 13 33 13 23 13 23 December 13 45 13.35 13.35 NEW ORLEANS January 13 43 13 38 13 38 March 13 48 13 45 13 45 Mav 13 56 13 51 13 51 July 13 68 13 57 13 57 October 13 33 13 24 13 24 December 13 44 13 33 13 34 N. Y. Coffee, Sugar Futures —Auk. 29COFFEE Santos High. I>ow. Close. March 10 96 10 90 10 90 Mav 10 97 10 97 10 97 July ...! 11 03 11 03 11 03 September ......... 10 82 10.72 10.82 KSembar 10.91 10 87 10 88 Bin January ........... 795 795 795 March ...!!” 806 802 802 ” Sv 8 22 8 18 8 18 September 4 i J? 2 December <OO *BS 186 SUGAR Hitth. Low. Close January 1 no 1 88 1 89 March 1 03 191 192 Mav ••••••••••••••• 19R 196 July Joi 100 200 September 1 <9 1 <8 1 • 9 December ......... 199 1.86 I.B* Retail Coal Prices Tha following prices represent quotations from leading Indianapolis coal dealers. A 25-cent carrying charge per ton will be added. DOMESTIC RETAIL PRICES Anthracite •IJ-*® Brasil Lump *OO Brtr'.l Egg {JJ Coke. Nut Sira 8 80 Coke. Egg Sire 8 50 Indiana Forked Lump No. 4 and 6. 6^5 Kentucky Lump. Group "B 7.15 Pocahontas Lump 8 35 Pocahontas Egg 8.35 Pocahontas Mice Run • >0 New River Smokiest " 33 FAR WESTERN BUSINESS INCREASES DURING JULY * Index Shows Gains of 5.9 Ter Cent Over Previous Year. Bp Ttmr* Special NEW YORK. Aug. 30 —Far western business during July stood at 67 8. the highest point reached in two and a half wars, according to an index of the Bank of America. The July index showed a gain of 5.9 per cint above the corresponding month Si 1933. the peak year, and 9.4 per cent over July 1932. July is the seventh consecutive month during the current year to show an increase over the corresponding month of the previous year, and the third consecutive month to display a grain over the same period of both 1933 and 1932. Business failures in the first six months of 1934 amounted to 34.3 per cent below the number in ths similar period of the previous year, and 52.1 per cent under the number of failures in the first half of 1932, the index shows.

STOCK VALUES EASE SLIGHTLY; VOLUME GAINS Standard Oil of Indiana Is Officially Listed on N. Y. Board. BY ELMER C. WALZER United Pr. Financial Editor NEW YORK. Aug. 30.—Prices : Tipped off fractionally today at the opening on the Stock Exchange. | Initial volume was relatively heavy, with several sizable blocks ingStandard Oil Company of Indiana, officially list and on the exchange late yesterday, opened for the first time on the "big board" 100 shares at 27 ! . up % point from the close yesterday on the Curb Exchange. Other oil shares were steady with Standard of New Jersey unchanged at 44 2, and Socony-Vacuum off at 14%. None of the losses in the main list was large. Declines of *4 or point were noted in Chrysler, Anaconda, American Smelting. SearsRoebuck. American Radiator, Bethj lehem Steel, Auburn Auto, Woolworth, General Motors, International Nickel, Anaconda, United States Steel and General Electric. Union Pacific opened at 101, exdividend, up % point. New York Central was unchanged at 22. but it later slipped off to 21 %. Atchison opened at 5014, off •?*, and then dipped to 50. United States Smelting was down 'i at 135%, and other Silvers eased small amounts. Wet stocks were firm. American Telephone made a small gain to 112 at the outset. United States Steel, Chrysler. General Motors and several other leaders declined after the opening. Trading turned dull. Money and Exchange INDIANAPOLIS STATEMENT —Aug. 29 Clearings *1.631.000 00 Debits 4.474.000.00 FOREIGN EXCHANGE ißy Abbott. Hoppin & Cos.) —Aug. 29. Close. Sterling. England 55 04', Franc. France 0669 Franc. Belgium .2380 Lira, Italy 0870 Mark. Germany 3982 Guilder. Holland 6869 Peseta. Spain .1386 Krone. Norway 2535 Krone. Denmark 2253 Treasury Statement (Bv United Press) WASHINGTON. Aug. 30—Government expenses and receipts of the current fiscal year to Aug. 28. compared with the corresponding period of the previous fiscal year: This Year. Last Year. Expenses ..$ 887.901.091 13 $565,099,641.40 Receipts ... 477.956.553.95 335.894.596.53 Deficit 409 944.537.18 229.205.044 87 Cash bal... 2.202.560.261.43 Investment Trust Shares (Bv Abbott. Hoppin & Cos.) —Aug. 29Bid. Ask. Am Bank Stocks Corp 1.00 104 Am & Gen Sec A 3.50 5.00 Am & Inv Tr Sh 1.75 . • ■ Basic Ind Shares -3 03 3.09 British Type Inv. Tr Sh... .40 .45 Collateral Trustee Shares A 437 4.50 Corporate Trust Shares (old) 1.91 195 Corpora'*? Trust Shares (new) 2.18 2.22 Cummulative Trust Shares . 3 70 3.75 Diversified Trust Shares A . 625 Diversified Trust Snares B . 7.12 737 Diversified Trust Shares C-. 2.85 2.90 Diversified Trust Shares D . 4 37 4.62 First Insurance Stock Corp . .50 .87 First Common Stock Corp .. 50 .55 Fixed Trust Oil Share* A . 7 50 .... Fixed Trust Oil Shares B . 650 . • • Fundamental Inv.. Inc .... 1.84 2.05 Incorporators Investments ..16.52 17.76 Land Bank Bond Shares... 1.12 1.25 Low Priced Trust Shares ... 5.20 5.30 Mass Inv Trust Shares 18.26 19.85 Nation Wide Securities 3.12 3.16 North Am Trust Shares 153). 1.19 .... North Am Trust Shs 155-561.. 2 21 2.24 North Am Trust Shares <581.. 2.22 2.28 Selected Am Shares 235 . Selected Am Shares Inc .... 1.06 1.16 Selected Cumulative Shares . 6.19 .... Selected Income Shares 3.24 . .. Std Am Trust Shares A .... 2.77 2.81 Trust Shares of America ... 2 66 2.72 Trustee Std Oil A 5.33 5.62 Trustee Std Oil B 4 82 4.92 U S Elec Lt & Pwr A 11 37 11 62 Universal Trust Shares ... 2.80 2.85 New York Bank Stocks (Bv Abbott. Hoppin & Co.l —Aug. 29Bid. Ask. Bankers 57 57Va Brooklyn Trust 86 it 88 Central Hanover 120% 121 la Chase National .. 24 1 a 25 Chemical 39' * 40 National City 22 1 a 22% Corn Exchange 47% 48 Continental 12 12% Empire • 18 18% First National 1,495 1.510 Guaranty 325 326 Irving 15% 15% Manhattan 8r Cos 28', 28% Manufactures 19% 20 New York Trust 95'* 96'2 Public .. 29 29*2 JEWEL TEA EMPLOYES WILL RECEIVE BONUS 575.000 to Be Distributed Among Workers Next Month. A bonus of $75,000 will be distributed among 2.250 employes of the Jewel Tea Company, Inc., Sept. 15, Harry Haddan, local branch manager, announced today. This bonus will be paid to all members of the organization, except senior executives, who are and have been continuously in the company employ from Dec. 31, 1933, to July 14. 1934. Distribution will be on the basis of 5 per cent wage bonus on the total income of each worker up to a total average income of SSO a week. Those whose income exceeds SSO a week will receive the bonus on the SSO average only. BANKS CLEARINGS RISE Increase of 16 Per Cent Shown Over Same Period of 1932. By Times Special WTNCHESTER. Mass.. Aug. 30. Bank clearings, outside of New York City, displayed an increase of 16 per cent during the last week, according to an index complied by the Winchester Institute of Finance. Every leading center in the country. with exception of Minneapolis, showed a gain in clearances over the same period of last year, with two cities showing an increase of 41 per cent over 1933. The slump at Minneapolis was attributed mostly to recent strikes. BEER HEAD APPOINTED Robert H. Ellis Named President of General Distributors, Ine. Robert H. Ellis, former president of Piggly-Wiggly Ellis Company, operators of Indianapolis PigglyWiggly stores, has been named president and treasurer of General ; Distributors, Inc., it was announced today. General Distributors, whose offices are located at Capitol avenue and Man-land street, are agents for Patrick Henry and Circle City beer and are importers of wines and ales. The company was organized a year ago last May. Frank Parker is secaurj.

New York Stocks dv AOOOtt. Hoppin At Cos ————

AVERAGE STOCK PRICES FOR WEDNESDAY Net High. Low. Close, change. Thirty industrials 95.59 93.64 93.69 .50 Twenty rail* ■•••••••••... 37.90 37.00 37.01 .30 Twenty utilities 21.11 20.68 20.71 —.35 Forty bonds .... 93.05 —.06 Ten first rails •••• 100.19 —.32 Ten second rails .... 76.07 —.09 Ten public utilities 97.26 -.22 - Up. —Off. •Where quotation* ere not given, thef* b* been no trading in those issue*.

—Aug. 30— Prev. Oil*— High. Low. 10:00 close. Amerada 48 At! Rfg 25' t Barnsdall 6 Consol Oil ..... .• ■ 9 9 Cont of Del ... 18S 18% 18'/ 18 ’ a Housion (old) ... 18 Indian Rfg 2 " M.d Cont Pet 12 * Ohio Oil JO' 2 Pet Corp 10’* Phillips Pet I®' Plymouth Oil *l4 9 * Pure OH 8 % Roval Dutch ... .. 35% Sbd Oil 2.% Shell Un 7'* Soc Vac 14% 14!* S O of Ind 27•* ... S O of Cal 34 2 SOOf N J 44% 44% 44% 44'2 Sun Oil 7’ Texa* Corp 23’* Tidewater Assn 10% 10% Un Oil of Cal 15% 15% Steel*— Am Roll Mills.. 17% 17% 17% 17!* Beth Steel 29% 29% Bvers A M 18% Col Fuel Iron s'* Cruc Steel 21% Gulf Sts Steel 20 Inland Steel 60 Ludlum Steel 1* Mid Steel ,?% Natl Steel 43 Otis Steel 4% Rep Iron At Stl .. ... 14% 14 2 Rep Ir At Stl pfd • 4<% U S Pipe At Fdy 19% 19 19 20 U S Steel .. 34% 34% 34% 34% U S Steel pfd 80% Warren Bros 7% Youngst'n S At T .. ••• 17% Motor*— Auburn . • 24% Chrysler 33% 33% 33% 33 Vs Gen Motors .... 29% 29% 29% 30 Graham Mot 2 Hudson 9% Marie Truck”.’.!! !! 25% Nash • •• 15 Packard 4 3% 4 4 ■ 3 Studebaker 3’/* 3% Yellow Truck 3% Motor Access— Bendlx 12% 12% Bohn Alum • 55% Borg Warner 22 22% Briggs ... 17% 17% Budd Wheel 2% 2% Eaton Mfg - - ... 15 15 Elec Auto Lite . 21% 21 21 21% Houdaille ‘A’ 4 4 0 Murray Body *.* Stew Warner ... .. 6% 6 2 Timken Roll ... 30% 30 30 30 '2 Timken Det Axel % Mining— Alaska Jun .... 19 18% 19 18 Am Metals , •• ■ 1?% Am Smelt 37 '4 37 % 37% 37% Anaconda • • 12% 12 s Cerro De Pasco. 39% 39% 39% 39 4 Dome Mines 45 44 2 Gt Nor Ore H% J*% Homest Min 415 ?„ 0 ,*5.Sa na ..:::>■ •* fk % k Mclnty Mine - 48% Norand Cop 43% 43_a Park Utah • 3% Phelps Dodge .... ••• St Joe Lead ••• •• N 18 18,4 U S Smelt ......135% 135% 135% 137, Vanadium 18 18 ‘% Amusments— Croslev Radio 14 Radio Corp 5% 5% 5% 5- * RKO 2 % Warner Bros 4’% 4/2 Tobacqos— Am Sum Tob *•• ••• 19% Am Tob “A" 74 Am Tob -B- ]6% 76% Gen Cigars 42 2 43 /3 Ligg At My “B 98% 99 Reyn Tob B”'.'.' 46% ’46% '*6% 46% Rails — Atchison 50% 49% 49% 51 Atl Cos Lines ... 29% 29 29 30 BAt O 16% 16% 16% 16% Can Pac 14% 14% 14 * 14 2 Ch At Ohio 44% 44 2 Chi At Gt 2% CMAt S P pfd. 5% 5% 5% 5% Chi N W 6 5 /s 8,4 Chi N W pfd 12% Dela At Hud .... -• 42% Del Lac At W ... 17% 17 17 17% Erie 14% Grt North pfd ••• }5Va 15% 111 Central 17 16% 16% 17% K C Sou 8% Lehigh Valley 12% Lou At Nash 42% M K At 7 M K At T pfd 17 N°Y P Cent* •.!" 22 21% 21% 22 NY C At StL pfd 23 N Y New Haven 11% 11% N Y Ont At West , • Norfolk At Wes 175 Nor Pac • • • Penn R R 24 23% 24 24 Sou Pac 18% 18 18 % 18.2 Sou R R 16% 16% 16% 17 Sou R R pfd ... • • 21 * Union Pac 101 99 99 1®?,.. Wabash ?,? West Maryland 8 /* Equipments— Allis Chalmers ••• 13% Am Brake Shoe 24 24% Am Car At Fdy 17% Am Loco j 8 Am Loco pfd ’j Am Mach At Fdy \\ , Am Steel Fdy.. . • ... 15 f Bald Loco 8% 8% B'/* 8% Bald Loco pfd 34 Burroughs •• , j*., jS T ANARUS, Case J I 42% 41% 41% 42% Cater Tract 27 * Deere At Cos 17 4 Foster Wheeler J* / Gen Am Tk Car 35 Gen Elec 19 19% Ingsol Rand "0 Int Bus Mach.. •• ••• !“ 8 ., Int Harvester . 27% 27 27% 27% Natl Cash Reg. ■ ••• Pullman Inc ... 42% 41% 41% 42% Und Elliot 49% 49% Wpst Air B ••• 18’* 18 % Westlngh Elec . 33% 33 33% 33-% Utilities— Am At For Pwr 6% 6% 6% 6% Am Pow At Lit 5 2 5% ATAt T 112 111% Am Wat Wks 16% 17 Brook Un Gas. •• •• •- 58 .a Col Gas At Elec 9% ?% 9% ••• Com At Sou ... 1% 1% 1% -ii Consol Gas ... 28% 28 28 28 Elec Pwr At Lit 4% 4% E P At L pfd 9% Int TAt T 10 2 10% Lou G At E “A” 15% ••• Nat Pwr At Lit. .. •• • |% 8 i North Amer .. 14 13% 13/• 14 * Pac G & J^ 4 Peoples Gas *”, 2 Postal Tel pfd 15% Pub gerv N J “3 * So Cal Edison l“,f Std Gas pfd , 5, 4 Stone & Webster .. 6% 62 United Corp ... 4% 4 4 4% Un Gas Imp 1® 15. Ut Pr At Lit "A” ,2% Western Union . 36's 36 36 36 Rubbers—oSSSk. 1 ) ::::::: h m m Ik Wasg?.::: in •*. u u S Rubber pfd.3338 3 38% 38 s * 39 Miscellaneous— Am Bank Note 15%* 16% Am Can 98 Anchor Cap Brklvn Man Tr 43% 43% Conti Can 81% 1% Crown Cork .... .. ••• 23% 24 Curtis Pub 1? Curtis Pub pfd .•I" 4 Eastman Kodak 99 100,. C-illete 11% 11% Glidden 25% 25_* Inter Rapid Tr 14 13 * Owens Bottle ..... 69 Ravbestos Mfg 78 Foods— Am Sug ••• ••• 6< Armour -A” ••• 6% 6% 6% 6% Beatrice Cream . _ .- 18% 1? Borden Prod ... 26 25% 25 2 25 * Cal Packing 42 41% 41% 43% Can Dry G Ale 16% Cols •••*•• •• • • • ••• IJ4 Corn Prod 61% 61% 61% 61% Crm of Wheat 32% Ctiban Am Sugar ■■ *N Gen Foods 30% 30 30 30 Gold Dust 18% 18% G W Sugar 30 29 Natl Biscuit .... 33 33 Natl D Prod .... I<% 17% I<% I<% Purity S Por Rico Sug 32% 32% Std Brands 20% 19% 19% 20 Un Biscuit 33% 23% United Fruit 74 Retail Store*— Asso Dry Gds .. •• •• 10’i Best A: Cos ••• 32 First Natl 64 Gimbel Bros ..... Gimbel pfd Gr Un Tea V 5% Hahn Dept Sts 4% Kresge S S 18% 18 18 18 * Kroger Groc 28 * Marshall fields . 11% 11% 11% 11% Mav Dept St ... . 2 Mont Ward 2% 24 24% 24% Natl Tea 10% li Perny J C 57%. 58 Safeway St - - 47 Sears Roebuck .. .. ... 3i% .. Woolworth 48 • 49% Aviation— Aviation Corp 4% Curtiss Wright . .. ... 2% Curt Wright "A" 1% 8% 8% 8% Douglas Air ... 18% 18% Nor Am Av ..... .. ... ... 3% Speery Corp •••• •• ••• ••• 8%

THE INDIANAPOLIS TIMES

United Aircraft . .. ... ... 14% Wright Aero 47% ChemiraU— Air Reduc 97% Allied Chem 131 Am Com Alco 28% Col Carbon ... 68% 69 Com Solvents .. 21 20% 20 s * 21% Dupont 90% 90 90% 90% Freeport Tex 29’* Liquid Carb ... 23% Math Alkali 28% 29 Montosonta Ch 53% Natl Dis (newi 21% 21 21% 21 Schenelev Dist . 22 21' 22 22-* Tex Gulf Sulph 34% 34% 34% 35 Union Carbide 43 4% 42’* 43 U S Indus Alco 41% 41% 41% 4014 Drugs— Coty Inc .. ... ... 6% Lambert 24 Lehn Ac Fink... .. 15% Un Drug 13 13% Zonite Prod 4!* Financial— * Adams Exp .... .. ... 7% 7% Allegheny Corp. .. 2% Am Int Corp 7% Chesa Corp 40 % 40% Lehman Corp.. .. ... .. 69% Transamerlca 6 6 Tr Conti Corp 4% 4% Building— Am Radiator ... 13% 13% 13% 14 Gen Asphalt.... 17% 17 17% 17% Int Cement . 23% 23 % Johns Manville 47 46% 47 47% Libby Owens Gls 29% 30% Otis Elev 14% 14!* Household— Col Pal Peet ... 14% 14% 14% 15 Congoleum 29 28% 28% 29 Kelvinator 14 Mohawk Carpet 16 16 Proc Ac Gamble .. 39% Simmons Bed 11% Textiles— Amer Woolen * .. ••• ••• 9% Belding Hem •••• 12 Celanese Corp 21 Collins Aikman 12% 12% Indus Rayon 23% 24 Kayser Julius ••• 14% New York Curb (By Abbott. Hoppin Ac Cos.) —Aug. 29 Close. Close. Allied Mills 7 |Gulf Oil of Pa. 59% Alum Cos of Am 58% Hiram Walker.. 28% Am Cyanide B 18’* Humble Oil ... 43% Am Gas & El . 22% Imperial Oil Ltd 15 Am Superpower 2 ,Hud Bay Min. 15 Ass Gas Ac El. % Int Petrol .. . 29% Atlas Corp ... 9%Lake Shore Min 59 Can Ind Ale A B%iLibby McNLibby 8% Can Marc 2 |Lone Star Gas . 5 Cities Serv ... 2% Natl Bellas Hess 2% Consol G of B 65 Nia Hud Pwr.. 4% Cord Corp 4'/ 4 !Novadel Agene . 21% Creole Petrol... 13% Pan Am Airways 37% Crown Cork Inti 6% Park Davis 25 Deere Ac Cos ... 17 Penn Road .... 2 Distillers Lim . 22% St Regis Paper. 2% Distillers Corp 14% Sherwin Wms. 71% El Bond Ac Sh 11’/* Std of Ind .- ■ ■ 27 Fisk Rubber .. B%Technicolor Ind 73% Ford of Can A 20% Teck Hughes G 6% Ford of Europe. 8% Un Gas '..•••• 2,a 3en Aviation.. 3V*iUn Pwr &Lt A 2 Glen Alden Coal 19% Wright Harg M 10

Chicago Stocks ....... (By Abbotti Hoppin & Cos.)

—Aug. 30— High. Low. 11:30. Asbestos Mfg -lift Borg-Warner ~ Butler Bros 8% 8% 8% Chicago Mail Order ... .. 10 Cities Service 2 1% I/a Commonwealth Edison. . ••• 4 2,? Crane Cos B'/g 7Vs 7% Electric Household .... -• Jj f Marshall Field & C 0... 11% 11% 11% General House Util ... 8% 8% 8,8 Great Laes Dredge 16 ... 16 Kingsbury Brew C 0.... 2 1% U Libby-McNeil 8% jj 8 Noblitt-Sparks Ind Inc 12% 12% 12 2 Swift &Cos 20 19V* 19% Swift International >*7% Thompson JR 5 4

Bond Prices By Fenner & Beane ————

—Aug. 30 — High. Low. 10:30. Am&For Pwr 5s 2030 51V* AT&T db 5S ’65 109% 109% 109% Atchison gen 4s ’95. ... .102% 102V* 102 Vt B&O cv 4 Vis ’6O 88 Brazil 6%s (26) ’57 29% 29% 29% Can Pac 4s ’57 77% 77 ChMStP&P adj 5s A 2000 9% 9V4 9% ChMStP&P rs 5s A '75.. 30 29% 30 Cons Gas NY 4%s ’57.. .. ... Erie RR rs 5s ’67 ••• 69% Goodyear 5s '57 100% 10OV4 100% Gt Nor 7s A ’36 90% 90 90 Interboro Rt 5s '66 .... 74% 74 74 Int T & T db 5s ’55 60 McKess & Robb 5%s ’SO . . 82% Nat Dairy db sV*s ’48.. 98Vg 98% 98^8 NY Cent 5s O 2013 ... 67% Para Pub 5%s ’SO Poland 7s ’47 120% 120 120 Rkiyal Dutch 4s A ’45 ...141% 139 141/* Texas Corp 5s '44 ....103 102% }O2 • Un Pac Ist '47 • ••• 107 US Rubber 5s A ’47.... 87% 87 87 U. S. GOVERNMENT BONDS (By United Press) NEW YORK, Aug. 29.—Closing Liberty bonds. (Decimals represent thirtyseconds.) Liberty 3'is (32-47) 103.9 First 4'As (32-47) 103.14 Fourth 4V*s (33-38) 103.25 Treasury 4'4s—3Vs (45) 102.10 4%s (47-52) 112.9 3%S (43-47) J 03.12 3%s (41-43) March 103.24 3%s (40-43) June 103.24 3%s (43) J 03.24 3%s .46-49) }0i.12 3s (51-55) - 100.12 FEDERAL FARM LOAN BONDS (By Blyth & Cos.. Inc.) —Aug. 29Bid. Ask. 4s July 1. 1f44—46 98 98% 4s Nov. 1, 1957—37 97% 99 4s Mav 1. 1958—38 97% 99 4V*s July 1. 1956—36 98% 99 4%s Jan. 1, 1957—37 98% 99 4%s May 1. 1957—37 98% 99 4%s Nov. 1. 1958—38 98% 99®* 4%s May 1. 1942—32 99 99% 4%s Jan. 1. 1943—33 99 99% 4’25 Jan. 1, 1953—33 98% 99 4%s July 1. 1953—33 98% 99 4%s Jan. 1. 1955—35 98% 99V 4 4%s Jan. 1. 1956—36 98% 99V* 5s May 1. 1941—31 100'A 100% 5s Nov. 1. 1941—31 100% 100!* Heme Loan 3s Mav 1, 1952—44 98.10 98.16 4* July 1, 1951 98.16 98.22 Federal Farm Mortgage Corporation 3%s March 15. 1964—44 100.10 100.20 The three latter quotations are in thirty-seconds. Daily Price Index (By United Press) NEW YORK. Aug. 29.—Dun & Bradstreet's daily weighted price index of thirty basic commodities compiled for the United Press: 1930-1932 Average 100). Today (New 1934 High) 120.95 Yesterday 120.02 Week Ago 119.90 Month Ago 115.27 Year Ago 115.27 Year Ago (Aug. 30) 101.02 1034 High (Aug. 29) 120.95 1043 Low (Jan. 3) 10105 Copyright. '34, by Dun & Bradstreet. Inc. COOLER WEATHER AIDS STATE CROP GROWTH Temperature Four Degrees Below Normal, Report Says. Temperature throughout the state was four degrees below the normal for the week ending last Tuesday, J. H. Armington, meteorologist, announced today. This was the first time since May that cool weather has prevailed for an extended period, Mr. Armington said. Moderate showers in many sections, combined with less sunlight, permitted corn, soy beans, sugar beets and other growing crops in the previously droughty areas to recover in moisture content. Reports on com show considerable variation in eastern and northern localities, but crops in the Wabash and White River valleys are in excellent condition. Sugar beets improved during the week, and pastures and other grasses are materially better than a few weeks ago, according to Mr. Arming ton's report.

PORKER PRICES DROP 10 CENTS AT STOCKYARDS Cattle, Calves Unchanged; Lambs Show Strong Undertone. Following recent sensational advances into new high levels, porker prices registered their second decline during August at the Union Stockyards this morning, where practically all grades were generally 10 cents lower than yesterday's average. The decrease was attributed mostly to a sharp letup in demand ior pork at butcher shops since prices recently have soared to war-time levels. ” Bulk of 160 to 200 pounds, sold at $7.65 to $7.75, while heavies selling 200 to 300 pounds, brought $7.80 to $7.85. Top was $7.90. Heaviest grades on hand, ranging from 300 pounds and up, were salable at $7.55 to $7.75. Lightweights, weighing 140 to 160 pounds, sold at $6.75 to $7. Bulk of extremely small classes, scaling 120 to 140 pounds, was selling at $6 to $6.50, while 100 to 120 praunders cashed in at $5.25 to $5.75. Packing sows brought $6.25 to $7. Receipts were estimated at 5,000; holdovers. 307. Prices remained steady on practically all classes of cattle including beef steers, cows and good heifers. Common and medium heifers, however, were weak to slightly lower than yesterday. Top steers sold at $9. Most early offerings held under $7.50, with choice hefiers salable at $7.75. Bulk ranged from $4.50 to $6.25. Slaughter cows brought $3 to $4.50, while low cutters and cutters sold at $1.50 to $2.75. Receipts numbered 9,000. Vealers displayed little change, selling at $7 to $7.50. Few choice kinds brought SB. Receipts were 700. Strong undertone featured trading in the lamb market, with ewe and wether grades salable at $6.50 to $6.75. Several small lots cashed in at $7. Bucks were discounted sl, while throwouts ranged from $4 to $5.50. Slaughter ewes sold at $1.50 to $2.75. Receipts w r ere 1,000. Hog prices at Chicago slipped around 5 cents lower than yesterday’s Today’s decline was the first registered in the last twen-ty-six days of trading. Receipts were 11.000, including 3,000 directs; holdovers, 2,000. Cattle receipts numbered 11,000; including 3.000 government; veals, 3,500, including 2,000 government; market, steady. Sheep receipts were 11,000; market, unchanged. Aug. Bulk. Top. Receipts. 24. s7.4o<S’ 7.50 $7.55 5,000 25. 7.40® 7.50 7.55 2,000 27. 7.50® 7.55 7.70 5,000 28. 7.65® 7.70 7.85 5.000 29. 7.75@ 7.85 8.00 5.000 30. 7.65@ 7.75 7.90 5.00 C Market, Lower. (140-160) Good and choice ...$ 6.75@ 7.50 —Light Weights—-(l6o-180) Good and choice.... 7.65@ 7.75 (180-200) Good and choice ... 7.70® 7.80 . —Medium Weights—-(2oo-220) Good and choice 7.75® 7.85 1200-250) Good and choice .. 7.80® 7.90 —Heavy Weights—-(2so-290) Good and choice ... 7.80(2 7.90 (200-250) Good %nd choice ... 7.65® 7.85 —Packing Sows—-(27s-350) Good 8.75® 7.25 (350-425) Good 6.65® 7.10 (425-550) Good 6.50® 7.00 (275-550) Medium 6.25® 6.75 —Slaughter Pigs—-(loo-130) Good and choice ... 5.25@ 6.25 CATTLE Receipts, 9,00(1; Market, Steady. —Steers—-(sso-900) Choice $ 7.00® 8.50 Good 6.00® 7.75 Medium 4.50 m! 6.50 Common 3.00® 4.50 (900-1,100) Choice 8.50® 9.75 Good 6.75® 8.75 Medium 5.00® 7.00 Common 3.75® 5.00 (1.100-1,300) Choice [email protected] Good 7.25® 9.25 Medium 5.50@ 7.50 (1.300-1,500) Choice [email protected] Good B.oo@ 9.75 —Heifers—-(sso-750) Choice ! ....$ 7.00® 7.75 Good 5.75® 7.00 Common and medium 3.00® 5.75 (750-9001 Good and choice ... . 5.75® 7.75 Common and medium 3.00® 5.75 —Cows— Good 3.75® 5.00 Common and medium 2.75® 3.75 Low cutter and cutter 1.50® 5.75 —Bulls—(Yearlings excluded) Good 3.25® 3.75 Common and medium 2.25® 3.25 VEALERS Receipts, 700; Market, Steady. Good and choice $ 7.00® 8.00 Medium 4.50@ 7.00 Cull and common 2.50® 4.50 —Calves—-(2so-500) Good and choice.... 4.75® 6.50 Common and medium 2.50® 4.75 —Feeder and Stocker Cattle — (Steers) (500-800) Good and choice.... 4.50® 5.50 Common and medium 3.00® 4 50 1800-1.050) Good and choice.. 4.50® 5.50 Common and medium 3.00® 4.50 (Heifers) Good and choice 3.00@ 4.25 Common and medium 2.50® 3.00 —Cows— Good 2.50® 3.25 Common and medium 2.25® 3.00 SHEEP AND LAMBS Receipts. 1,000; Market, Steady. Lambers, 90 lbs. down, good and choice $ 6.50® 7.00 Common and medium 4.25® 6.50 —Ewes—-(9o-120) Good and choice .. 2.00® 2.75 (120-150) Good and choice 1.75® 2.50 All weights, common and medium 1.25® 2.00 Other Livestock (By United Press) CHICAGO. Aug. 30.—Hogs—Receipts. 11,000. including 4,000 directs; slow, steady to mostlv 10® 15c lower than Wednesday; best, 200-240 lbs., $7.90® 8: top. $8; 250300 lbs., $7.75® 7.90; 140-190 lbs.. 56.75® 7.90; pigs. 56.50 down: packing sows. $6.90 @7.25; light lights, 140-160 lbs., good and choice. [email protected]: lightweight. 160-200 4bs„ good and choice, [email protected]; medium weights. 200-250 lbs., good and choice. si.Bo@ 8: heavy weights, 250-350 lbs., good and choice. $7.65® 7 90: packing sows. 275-550 lbs . medium and choice. $6.25® 7.30; slaughter pigs. 100-130 lbs., good and choice. ss® 6.75. Cattle —Receipts, 8 000 commercial, 3,00 government: calves 1.500 commercial, 2.000 government; general steer market less active than Wednesday: steady to 25 cents lower; mostlv steady to weak: strictly good and choice medium weight and weighty steers along with highly finished long vearlings about steady on shipper accounts: early top, *10.50, some held higher; best vearlings. *10; fairly active trade on all she stock and vealers: bulls, weak to 10 cents lower; slaughter cattle and vealers. steers. 550-900 lbs . good and choice, *6 25® 9: 900-1.100 lbs . good and choice. $6.75® 10.25; 1.100-1.300 lbs . good and choice, *7.50® 10 50: 1.300-1,500 lbs., good and choice. *B® 10.75: 550-1,300 lbs., common and medium. *3.50® 8; heifers, 550-750 lbs., good and choice. *6® 8. corimon and medium, *3.50® 6; cows, good. *4 23'',; 6: common and medium. *2 90® 4.50: low cutter and cutter. *2 0 2 90: bulls 'vearlings excluded) good ibeef). s3® 3.75; cut. common and medium. *2 50® 3.50: vealers. good and choice, *6.50® 8: medium. $4.50® 6.50; cull and common. *3.5004.50: stocker and feeder cattle, sters. 550-1.050 lbs., good and choice. *4.75 @5.50; common and medium. *3® 4.75. Sheep—Receipts. 11.00; lambs, opening, slow; indications, weak to lower with earlv bids 25 cents off. asking around *7 for toppv natives: earlv bids. *6.50®6.75; sheep, weak: ewes *1.5002.50; best held higher; slaughter sheep and lambs, lambs. 90 lbs. down, good and choice. *6 35® 7; common and medium. *s® 6 40: ewes. 90150 lbs., good and choice. *1.750 2.75: all weights, common and medium. *1.506 2.25. Railroad Shows Net Income By Timet Special CHICAGO. Aug. 30.—Income of the Norfolk & Western Railway for the seven months ended July 31, amounted to $11,753,057 after taxes and charges, equivalent after dividenis on the 4 per cent preferred stock, to $7.97 a share on the common, against $9,815,442 on the common stock in the first seven months o i 1933. t

Lack of Model System Hampers U. S. Officials in Forming Central Bank • Administration Heads Confer Over Establishment of Federal Institution to Co-ordinate Nation's Control Over Money. BY RICHARD L. GRIDLEY United Pres* Stiff Correspondent (Copyright. 1934 by United Press) WASHINGTON. Aug. 30.—Administration officials studying plans for the possible establishment of a “central bank" to co-ordinate federal control over banking and money are hampered by the complete absence of a perfect system in any country. They have no "pnodel" banking system from which to draw ideas and if there were such a setup, it might not be workable in the United States because of dissimilar conditions. Any new system that may be developed in this country probably would be far different from that of any other country.

Such a system as Great Britain’s, for example, although regarded as one of the most successful banking set-ups in the world, probably would not be workable in the United States, because of the difference in size of the countries, temperament of the people, and other factors. Paradoxically, the Bank of England exerts far more inflience and apparent control over British banking than the federal reserve system does over American banking, according to American bankers, although the American government .has far more latent power over banking than the British. Bank of France Largest The Bank of England operates with little or no authority from the British government. Yet it virtually dictates British financial policies and its notes serve as the principal medium of money in Great Britain. Some instances of a domination in British policies by the Bank of England have been, noted, whereas the opposite has been occasionally true in the United States. The Bank of France, one of the other great central banks of the world, on the other hand, goes to the extreme of government control and dictation of policies. Besides entering most phases of the bank- 1 ing business in direct competition with other French banks, its policies are generally determined by the French government. Because of the tradition and age of the Bank of England, its policies are seldom questioned in Great Britain. Ownership of the bank is lodged in private hands and it is run by a directorate of twenty-four men drawn from the partners and directors of the London acceptance houses and merchant banking firms. With a series of branch offices, it performs all the functions of a “central bank" as it determines all national banking and credit policies. New Problem Important The American federal reserve system, on the other hand, comprises a federal reserve board in Washington which, appointed by ihe government, acts as a guiding hand over the twelve more or less independent regional federal reserve banks. The twelve reserve banks in turn are owned by the member commercial banks in the United States which comprise 6,300 of the nation’s 15,500 banks. Such a decentralized system, it was explained today, permits establishment of policies better suited for each particular federal reserve district. It also permits the selection of leading business and agricultural leaders to formulate policies, a practice that might not be possible if the twelve reserve banks were operated as branches of a central institution in Washington. Regardless of what new government steps or recommendations may be taken toward unification or revision of the present American banking system, the problem is expected to be an inceasingly important one and consume much time of the coming congress. RAILROAD COMPANY HAS OPERATING LOSS Net Income For July Shows Dip From Previous Year. By Times Special CHICAGO, Aug. 30.—Net operating income of Chicago, Milwaukee, pany for July totaled $314,728, company for July totaled $314, 738, company reports show. This compares unfavorably with $226,178 in June and $1,359,143 in July of last year. New York Central Railroad reports net operating income in July totaled $1,825,455, compared with $4,508,713 for the same period last year. Net operating income of Baltimore & Ohio Railroad for July amounts to $2,166,003, as against $2,846,181 in June and $4,232,308 in July, 1933, according to statistics. FAMILIES SUCCESSFUL IN TRIP HERE FOR AID Director Provides for Care of Morgan County Group. Miss Nadia Dean, social work director for the federal emergency relief administration here, completed arrangements today for the care of three destitute fajnilies from Morgan county who came here yesterday to appeal for federal aid. Miss Dean said that because of a dispute between township and county officials the families had not received adequate care. She stated that because the families lived in a rural community, it was difficult for the FERA to provide funds. ALL NATIONS TO QUIT GOLD, SAYS WARREN Values to Undergo Fluctuations, Is Forecast of Roosevelt Aid. By United Press BAD EILSON, Germany, Aug. 30. —Professor George F. Warren of Cornell, President Roosevelt’s adviser on gold policy, today predicted in an address delivered at the international conference on agricultural science that all nations would soon abandon the gold standard. Gold values are due to undergo violent fluctuations in the coming years, he said. Crude Oil Output Drops By Times Special CHICAGO, Aug. 30.—Daily average crude oil production in the United States showed a decrease of 54.000 during tHfe previous week, totaling 2,464,700 barrels, according to the American Petroleum Institute.

MICHIGAN PREDICTS GAIN INJTACH CROP Only Two Midwestern States Show Increases. By Times Special BENTON HARBOR. Mich., Aug. 30,—-Only two midwestern peach producing states, Michigan and Missouri, will have iarger crops in 1934 than in 1933, according to report from the Benton Harbor office of the federal market news service. Michigan's peach producing sections expect 235,000 bushels this year, an increase of 20.000 over last year, the report states. Missouri, with 301,000 bushels, shows an increase of 97,000 bushels over 1933. National crop is expected to exceed 45,432,000 bushels, as compared with 45,759,000 a year ago, it is estimated. Eastern grape forecast dropped this year, with Michigan, Indiana, Illinois, Ohio and Pennsylvania predicting a total of 158,359 tons, compared with 177,158 tons in 1933.

Cash Grain

INDIANAPOLIS —Aug. 29 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b., shipping point, basis, 17% cents to river. Wheat—Strong; No, 1 red. 93®94c; No. 2 red, 92@93c; No. 2 hard, 940,95 c. Corn—Strong; No. 2 white. 77@78c; No. 3 white. 76@77c: No. 2 yellow, 75@76c; No. 3 yellow. 74@75c: No. 2 mixed, 74® 75c: No. 3 mixed. 73@74c. Oats—Strong; No. 2 white, 50@51c; No. 3 white. 49@'50c. Hay—Steady. (F. o. b country points taking 23%c or less rates to Cincinnati or Louisville). No. 1 timothy. *[email protected]. —lnspections Wheat—No. 1 red, 2 cars; No. 2 red, 4 cars; No. 3 red. 2 cars; No. 4 red, 2 cars, Total,- 19 cars. Corn—No. 2 white, 2 cars; No. 3 white, 3 cars; No. 2 yellow, 4 cars; No. 3 yellow, 7 cars. Total. 16 cars. Oats—No. 2 white, 1 car; No. 3 white, 1 car; No. 3 mixed. 1 car. Total. 3 cars. Local Wagon Wheat City grain elevators are paying 89 cents for No. 2 soft red wheat. Other grades on their merits (By United Press) CHICAGO. Aug. 29.—Wheat—No. 2 red. $1.04; No. 4 red, $1.03- No. 2 hard. $1.09%; No. 2 mixed. 1.06V*; No. 3 red. $1.01% (garlicky). Corn—No. 2 mixed. 81%@82c; No. 2 yellow. 81%@82c; No. 3 yellow. 81% @Bl%c; No. 2 white. 84@84’Ac. Oats— No. 2 tvhite, 55c; No. 3 white, 52%@54c; No. 4 white, 51%c. . Rye—No. 2,89 c. Barley—No sales, quotable, [email protected]. Timothy—sl6.so@lß. Clover seed—sl3.so @lB. Cash provisions—Lard. $9.57; loose, $9.47; leaf. $10; bellies. $13.75. TOLEDO. Aug. 29.—Grain close: (Grain in elevators, transit billing). Wheat—No. 2 red, $1.03--a® 1.04V*. Corn—No. 2 yellow. 84%@85Vic. Oats—No. 2 white, 56%@ 57%c. Rve—No. 2. 87@88c. (Track prices, 24Vic rate). Wheat—No. 1 red, 99Vic® SI.OOVi: No. 2 red. 98%@99%c. Corn—No. 2 yellow. 80%@81c; No. 3 yellow. 79%0) 80Vic; No. 4 yellow, 79@79%c. Oats —No. 1 white. 54@56c; No. 2 white. 53%@55c; No. 3 white, 52®54c. ST. LOUIS, Aug. 29.—Cash grain: Wheat in fair demand, 5 cars sola, red 1% to 2c higher and hard 2c higher; No, 2 red. $1.03%® 1.04; No. 3 red, $1.0301.03%; No. 2 light garlicky. $1.02%; No. 3 light garlicky, $1.02%; No. 1 hard, $1.11; No. 2 hard, $1.10%, nominal. Corn in good demand, 2c higher, 19 cars sold: No. 2 yellow, 82%c; No. 3 yellow. 83c; No. 4 yellow, 81 Vic; No. 3 white, 84c, Oats in good demand, Vic higher: 2 cars sold; No. 3 white, 54c: No. 2 mixed, 56c. Rye, 1 car sold; No. 2 rye, 94c. On Commission Row —Aug. 30— Quotations below are average retail prices being offered to buyers by local commission house dealers. Apples—Fancy Delicious. $2: Transparents. $1.5001.75. Peaches—lllinois, Elbertas, bushel, $2.75 @3.50. Plums—Michigan, large blue, bushel. $1.50. Oranges—California Sunklst. $5 25; Valencias. $4.2505.25. Lemons—Sunkist, $6.50. Grapes—California seedless, crate. $1.40. Grapefruit—Florida seedless, $4.25@4 50. Cantaloupes—lndiana, bushels. 75c@$l. Pears—Michigan Bartletts. bushel. $2.25. Watermelons— 35c. Bananas—Pound. sc. —Vegetables— Endive—Ohio. 2 doz., basket. 85c. Sweet Corn—Home grown, doz., 20c. Cabbage—Northern. 2%c pound. Celery—Michigan boxes. $1.10; medium, doz., 45c Onions—Washington yellow. 50-lb. bag, $1.65; California whites. $2.00: homegrown sl. Picking Onions—lo-lb. basket, *l. Potatoes—Eastern Cobblers, 100-lb. bag. $1.75; Kentucky Cobblers, $1.75. Sweet Potatoes—Eastern Yellow Jerseys, bushel, $1.60. Beans—Round stringless, bushel *l® 1.50. Beets—New, 30c doz. Carrots —Ohio. doz.. 35c. Cauliflower—lOs-lls. crate, $1.75. 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. 85c. Tomatoes—Outdoor, basket. 50c; bushel $1.50. CHICAGO FRUIT MARKET (Bv United Press) CHICAGO, Aug. 30—Apples—Michigan wealthies. bushel. $1.3501.50 (large size). Cucumbers—Michigan, bushel 50c@$l. Tomatoes —Michigan. 12-qt. basket, 20@40c. Sweet Potatoes—Tennessee, bushel. $1 50. Peaches—lllinois, bushel. $2.500 2.65 Lettuce—California, crate. $2.2503.75, Beans —Michigan, wax, bushel. *l. Cabbage— Wisconsin, crate, 75c® sl. Corn—lllinois, sacks. 40@80c. Carrots—California, crate, • $1.25@2. Peppers—lllinois, bushel 75@ 90c. Eggplant—lllinois, bushel. 40@50c. Celery—Michigan, crate. 250 75c, Cauliflower—Western, crate. S1 250 IJS. Onion market (50-lb. sacki: California whites. $150: Washington yellows. Sl@$1.10: Washington Valencias. $1.10: Wisconsin Globes. 85@90c; Michigan yellows, 85® 90 1; Idaho whites. $1 25. BUSINESS ACTIVITY IS UP Operations Above Previous Week, but Still Below Normal. By Times Special WINCHESTER, Mass, Aug. 30. General business activity last week was just a little more than 36 per cent below normal, as measured by Winchester’s index. This indicates a siightiy improved condition over the previous week and compares with 27.7 per cent below normal a year ago. Although business is operating at a lower rate than a year ago, fundamental conditions now are much improved, the index asserts. Timken Reports Profit By Time* Special CHICAGO, Aug. 30.—Net profit of $1,258,094 nas shown by the Timken Roller Bearing Company and it’s subsidiaries for the quarter ended June 30, 1934. This compares with a net income of $1,278,199 in the preceding quarter. X

PAGE 17

PROFIT SALES FORCE GRAINS OFF FRACTIONS Liverpool Wheat Prices Dip Sharply on Selling Drive. BY HARMAN W. NICHOLS Unitfd Pres* Staff Correspondent CHICAGO. Aug. 30.—Weakness in Liverpool wheat encouraged profittaking on the Chicago Board of Trade today and prices slipped off fractionally. Wheat started % to % cent lower; corn was down % to % cent, oats were off % to % cent, and rye was off % to •% cent. Much of the activity which characterized yesterday's session was lacking at the starting gong, although the trade was impressed by easiness in the English market. Liverpool was lower when selling broke out on the disappointing action of North American markets late yesterday. Chicago Futures Range —Aug. 30— Pr*v. WHEAT— High. Low. 1000 closr. Sept. 102% 102 1 02% 1.02% Dec 104 1.03 1 03% 103% Mav 105% 104% 105 1.05% CORN— Sept 79% .78% .79 .79 Dec 81 .80 .80% .81% May 83% 83 .83% .83% OATS— Sept 52% .51% .52% .51% Dec 52% .51% .52% .51% Mav 53% .32% .52% $2% RYE— Sept 85% .85 .85 .84% Dec 87 86% .86% .86% May ... .90 .89% .89% .81% BARLEY— Sept ... .82 Dec 79% .78% .79% .78% May 79% CHICAGO PRIMARY RECEIPTS —Aug. 29 —Bushels— Today. Last week. Wheat 809.000 801,000 Corn 700,000 993,000 Oats 105,000 448.000 Produce Markets Delivered in Indianapolis prices: Hency hens, 12c; Leghorn hens. Bc. 1934 broilers. 2 lbs. ana over. 13c; Leghorn broilers 1% 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 18c. Each full case must weigh 55 lbs. gross; a deduction of 10 cents a pound for each pound under 55 lbs. will be made. Butter—No. 1. 30@31c. Buttfat. 23c. Quoted by Wadley Company. (Bv United Press) CHICAGO, Aug. 30.—Eggs—Market about steady; receipts. 5,788 cases; extra firsts, 210 22c; fresh graded firsts. 21 %c*. current receipts, 17@20c, dirties. No. 1 16c; No. 2, lc; checks. Mo. 1,16 c; No. 2. 12c. Butter— Market, about steady; receipts. 12.291; extra firsts (90-91% score I. 25%@25%c; extras (92 score). 26%c; firsts 188-89 ’ a score), 23%®,24%c; seconds 186-87% score). 22%@23%c; specials. 26%@27%c; standards, 5%c. Poultry—Market, firm: receipts, 1 car, 38 trucks: fryers, 15@16c; broilers, 154; 16c; geese, old, 70 10c; turkeys 100 15c; old roosters. 11c; hens, 164; 17c; Leghorn hens, lc; black chicks, 10®12c; barebacks. 13c; cocks. 8c: springs. Rock. 17@18c. ducks, old, 10® 12c, spring. 12® 15c; colored Plymouth Rocks* 16c; Leghorns, 12c. Cheese—Twins, 13@13%c; daisies, 13%®’14c; Longhorns, 13% @ 14c. Potatoes —Supply, liberal; demand and trading, slow; market, dull, steady: Wisconsin Cobblers, *1.20® 1.25, commercial grade, *1.15. Triumphs, $1.6501.70: Minnesota Cobbiers, $1.05® 1.15; Idaho Russets 51.604j1.85, showing decay, [email protected], combination grade, *1.40@L45; North Dakota Triumphs. *1.65; Washington Russets. combination grade, $1.75 Arrivals. 80, on track 178, shipments, 360, NEW YORK. Aug. 30—Pot atoes—Easy, Long Island. 40c@*l bag; New Jersey, 60c ®*l bag. Sweet Potatoes—Steady; Jersey basket, 25c® $1.25; Southern bbl., *l® 3.25; Southern basket, 50c® *1.50. Dressed Poultry—Firm; turkeys. [email protected]; chickens, 10%@28c; broilers, 16@28c; . capons. 25® 35c; fowls, 90 20c; Long Island ducks, 10% @l6c. Live Poultry—Steady; geese, B@7c; turkeys. 15®20c; roosters, lie; ducks, 10if) 15c; fowls, 120,19 c; chickens. 22(5 25” broilers. 14@22c. Cheese—Quiet; state whole milk, fancy to specials. 19@20c; Young America. 14V*® 14%c. Butter—Receipts, 15,882 packages; market, steady to firm: creamery higher than extras, 27%®’ 28'ic; extra (92 score). 27%c; first (90 to 91 score). 26@27c; first 188 to 89 score), 25®25%c; seconds. 24@24%c; centralized <9O score). 264;26'4c; centralized <BB to 89 score), 25@25%c; centralized (84 to 87 score). 244;24%c. Egg—Receipts, 13,137 cases: market, firm; special packs Including unusual hennery selections, 23V* ®2Bc: standards. 23c; firsts, 22c; seconds, 19%@20c; mediums, 19%c; dirties. 19%®) checks, 16%@17%c. CLEVELAND, Aug 30.- Butter-Market, steady; extras, 30%c: standards, 30c. Eggs market, firm; extra white, 23c. PoultryMarket. steady; colored fowl 4% lbs. and up, 18c: colored fowl medium. 16Vic; Leghorn fowl 3% lbs. and up, 14c; Leghorn fowl light. 11c; springers rock 4 lbs. and up. 19®20c; springers colored 3% lbs. and up 17@ 18c: springers Leghorn heavy, 15c; springers Leghorn light, 14c: broilers colored. 15@16c; old roosters. 10c; ducks white 5 lbs., and up. 10c; ducks light, 10c. Potatoes —New Jersey. *1.30® 1.40 a 100lb. bag. Ohio. [email protected]; Idaho. *2.15® 2.25 a 100-lb. bag.

ARMOUR CO. RETAINS NO-ACCIDENT HONORS Local Plant Operated Four Months Without Casualties. Safety pennant of the American Meat Packers’ institute of Chicago has been retained for the fourth consecutive month by Armour & Cos. packing plant, Indianapolis, it was announced today. Armour & Cos. operated during the entire month of July without a ’’lost-time’’ accident, the institute reported. The Indianapolis plant was one of only twenty-seven packing houses in the United States and Canada which reported July operations without lost-time accidents. Indiana boasts two of the twentyseven pennant winners, the other being the Home Packing and Ice Company of Terre Haute.

OFFICE SPACE

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