Indianapolis Times, Volume 46, Number 97, Indianapolis, Marion County, 1 September 1934 — Page 12

PAGE 12

Wall Street U. S. Appears Considering Possibility of Another Speculative Boom. —BT RALPH HENDERSHOT —

Timm Seenal finmiil Hrlltr 'T'HAT the government l* Ri'in* consideration to the poftsibillty of another speculative boom is indicated by the tart that it has called upon the banks for facts relating to their deposit turnover. Bankers read into the request a revival of interest in the theory that the best way to put the brakes on excessive

credit expansion to bv basing reserve requirements on the activity of j deposits. The govern-• ment has gone to great; lengths in recent months to st i m ulate the expansion of credit. it even has made j loans itself where bankers refused to do

Henderxhot

no But it seems that it does not purpose to attack the question of credit from one end only, realizing apparently that had not credit been extended too freely in the boom period we would not now be suffering so much from a lack of credit. In other words, the present depression is due in no small measure to the boom which preceded it. * At the present time the amount of reserves a bank must carry is dependent upon the amount of its deposits. But there are those who maintain that it is not so much the amount of deposits which measures undue speculation as it is the velocity with which deposits are turned over. And thev figure that if reserves are automatically stepped up with rapid turnover there is much less danger of speculation getting out of hand. a a a ALTHOUGH the government has experienced no utiie difficulty in trying to put the credit machinery wheels in motion, there is believed to be great danger that once they start to turn they can not be properly regulated. In establishing the groundwork for the initial push the government has provided the means by which the ' expansion of credit could reach much greater proportions than occurred in 1928 and 1929. Evidently the government realizes j this and is laying plans now to forestall it. Revision of the bank- j mg setup is expected by the next | congress, and it is safe to assume * that steps are being taken now to j be ready with a concrete plan at the proper time. a a a MOST banking authorities agree that the federal reserve board i had the facilities with which to curb expansion in the last boom period, but they maintain it would have been a rather delicate procedure to use them. It is not a popular thing to toss a monkey wrench into the wheels of progress when they are going along full swing, and the federal reserve board is not very far removed from politics, where popularity is quite important. But if an automatic credit curb could be created which would work at a time when we. are apt to forget past experiences it would relieve people then in places of responsibility of the disagreeable task of putting on the pressure. Moreover, it would tend to insure application by making bank reserves fluctuate 1 with deposit turnover it may be passible to provide this automatic curb. If so the general public in all probability would like to see it put into practice. Produce Markets Delivered in Indianapolis prices: Henry hens 12c: Leghorn hens. Bc. 1834 broilers 3 lh. ana over. 13c: Leghorn broilers I'* to 2 lbs and over, lie: bareback broilers. 10c: old roosters. sc; ducks snd geese. 3c: young guineas. 20c: old guineas. 15c; Ho 1 strict!* fresh country run eggs, loss off l*c Each lull case must weigh 55 lbs. cross a deduction of 10 cents a pound for each pound under 55 lbs. will be made. Bu'ter—No 1. 30*i31c. Buttfai. 23c Quoted by Wadley Company. ißv United Pressi CHICAGO Aug Jt—Eggs Market steads, receipts. 3.<16 cae extra firsts, 21 1 22 c: fresn graded firsts 21%c: current receipt*. l.2t)c: dirties. No. 1. 17c: No 2. 12c checks No 1. lc No. 2 12c. Butter Market steadv: receipts. 15.442 tup. utra firsts .90-91'* score. 25%*i 25’c: extras 92 score M'jt; firsts 58g 9 * score 23%*r24%c: seconds **-87'* ?3’.r specials. 26%627%c; standards 25%c Poultrv— Market, steadv: receipts 28 trucks. 2 cars due: Iryers 15*r 15c broilers. lSpltlc. geese, old. 7® 10c. turkevs. lIHrlSc. old rooster* 11c: hens. 15*rl*r. Leghorn hens 12c: black chicks. 10*il2r barebacks 13c: cocks. Bc. ducks, old 13? 18c spring, 12916c'* Rocks. 18c; leihorns. 12c Cheese—Twins. UulS'sC** daisies. 13 l at 14e Longhorns, IS 1 * fir 14c. CPeese—Twins 13®13%c: daisies 13%® 14c longhorns 1I'(•> 14c. Potatoes—Supple. moderate: demand and trading, slow: market, weak on Wisconsin*. steadv on other stock Wisconsin cobblers. 115**1 2d: Triumphs $1 50vt 170 Idaho Russetts. *! *0 <¥l*s small to medium sire 81 30*i 1 40. P S No 2. 91 10 Minnesota Cobblers, combination grade. 81*il.l0 Arrivals. 84: on track 185. shipments 551. NEW YORK Aug 31.—Potatoes—Weak: Lons Island. 35c-tsl bag. Nea- Jersev. 40c till bag sweet potatoes, steady: Jeraev. basket 30c *7 81.75. southern barrel. 82 250 southern, basket. 50c*i$l 75. Dressed poultry Quiet turkevs 15*t32c: chickens. 16 '•**! 28c broilers. 169 28c capons. 25 >i 35c. fowls. JSJCt Long island ducks. 149 17r Lise poultry -Weak; geese. 6<j7c. turkey*. I tiaOc: rooster*. 12c; ducks. 102 15e fowls. 12*r 19c. chickens. 2025 c broilers. t4*i 22c Cheese Quiet: state whole milk, fancy to special-. 194i20c. Young America. 1%@14%c. Butter—Receipts * 21* packages: market easier: ereamerv higher han extras. 27%62S .c extra -93 score'. 27 ! c: first >96-92 score'. S*fi2%c first 88 89 score*. 24%*25c; seconds. 23%<u2*c, centralired *9O score'. 2*"i2*%c centralired 88-69 score*. 24 : u 25c. central:red <B4-87 score*. 23%rt24c Egg—Receipts. 10 ok* rases: market firm: special packs including unusual hennery selections. 240 28c standards. 2317 23**0 firsts 22c: seconds. 19%*i20c mediums. 19*w<. dirties. 19% ® 20c; checks. 16%tt 17c CLEVELAND Aug 31 - Butter—Market, steads extras. 3®%c standards. 30c Eggs Market steady: extra whites. 23c: current receipts. 20c Poultry—Colored fowls. 4’a lbs and up lie colored fowls, medium 14'aC Leghorn fowls. 3 ! a lbs and up 14c. Leghorn fowls. lights. 12c; Rocks 4 lbs. and up. 196 20c: springers, colored. 3'a lbs. and up 174 j lie springers Leghorn heavy. 16c: springers. Leghorn fight. 15c broilers, colored 15616 c. old roosters 11c: ducks, white 5 lbs and up 15c ducks, light. 13c Potasoes—New Jersev St2o<al2s a 100!b bag Ohio F. 159120 a 100-lb. bag. Idaho, mustlv 82 15 a 100-ib. bag Retail Coal Prices Tha following prices represent quotations from leading Indianapolis cos' dea!e*s A 25-cent carrying charga per ton will be added DOMESTIC RETAIL rsiCES Antfcracre 813 50 Bran* Lump 5 80 Brazil Egg . 580 Brazil Mine Run ................... 6.28 Ceka. Nut Stza ..................... 850 Coke. Egg Size 8 50 Indiana Perked Lump No. 4 and 8. 575 Ir.e:ana Egg } 7 } Kentucky Lump Group “B” 718 Pocahontas Lump 81‘ Porahontaa Egg • ■ 8.35 Pccahontaa Mice Rub •# Haw River 6wnt:es 8 3* Food Index Mounts B*T • >ae< A peri a I CHICAGO. Sep* 1. —Dun * Bradsireei food index during the week ended Aug. 28, rose to 12 39, an increase of 5 per cent over the previous week. The index stood at tl-91 is the saint week of 1833.

RALLY IN RAIL. SILVER ISSUES AIDSNJ. LIST Sharp Gain in Retail Buying Features Business News. BV ELMER C. WALZER I nited Press Financial Editor NEW YORK. Sept. I—A rally in silver stocks and in railroad shares gave the stock market a fi-mer tone near the close yesterday after a session of narrow fluctuation. Volume was light, of the typical pre-Labor day variety. Many traders were absent. There was no public buying and the few orders executed originated from the floor. Other markets were equally dull. Many of them will be closed today and until Tuesday, biit the stock market will do business as usual today. Initial Prices Lower Yesterday's opening was fractionally lower. Trading lightened progressively until it settled down to 40.000 shares an hour in the third and fourth hours. Prices steadied in the late morning and gradually rallied later without pickup in activity. The feature of the business news was a pickup in retail buying largely attributable to the approaching holiday and stocking up against a textile strike. In foreign exchange trading the pound sterling broke below $5 for the first time since the first week in February. The franc was firm at the old point. United States Smelting touched 136 early and then mounted to 139 near the close where it was up 2% points. American Smelting, Cerro De Pasco, and Howe Sound were higher. Coppers were better with Kennecott up % point. General Motors became artive and firmer near the finish. Chrysler also picked up. Auburn sagged fractionally. Briggs was weak in the motor equipments. Rail Group Climbs Atchison, down to 49'* early, in the last hour sold up to 51, up net. New York Central made up a fractional lass. Utilities were about steady. Cuban American sugar issues firmed on buying said to be from Cuba. Amusement shares were weak late in the day. Pathe issues were depressed more than a point each while Fox lost nearly a point. American Chicle gained more than a point to anew high. Archer Daniel Mildand also made anew top. while United States Steel preferred equaled its low for the year at- 77. Steel common touched 33 l i, off %. and then came back to the previous close.

Money and Exchange INDIANAPOLIS STATEMENT —Aug. 31— Clearings t 2,018 00000 Debits 4,270.000 00 Clearing for the month 50 299 000 00 Debits lor the month 126,900,000.00 FORFIGN EXCHANGE (By Abbott. Hoppin & Cos.) —Aug. 31— Close. Sterling England $4 98% Franc. France 0669% Lira. Italy .0870 Franc. Belgium 1387 Mark. Germany .3990 Guilder. Holland 0872 Peseta. Spain 1387 Krone. Norway .2508 Krone. Denmark 2229 Treasury Statement ißv United Press i WASHINGTON. Aug 31. Government, exnenses and receipts of the current fiscal year to Aug 29. compared with the corresponding period of the previous fiscal year: This year. Last year. Expenses.. $ 922 743,637 56 *569.075,190 05 Receipts.. 483 062 354 94 340.343 661.01 Deficit . 439,081 282 62 228.731.529.04 Cash bal. 2.173.578.402 36 Daily Price Index 'By United Press) NEW YORK. Aug 31.—Dun A- Branstreet's daily weighted price index of thirtv basic commodities compiled for the United Press: (1930-1932 average 1001 Today 120 46 Yesterday 120 50 week ago 120 21 Month ago 115 16 Year ago (Sept. It 101.49 1934 High ' Aug 291 120 95 1934 Low iJan 3t 101 05 • Copyright. 1934. Dun A- Brandstreet. Inc.i Investment Trust Shares ißv Abbott. Hoppin & Cos.) —Aug. 31— Bid Ask. Amer Bank Stocks Corp. .97 1.01 Amer A Gen Sec iAI 3 50 4.50 Amer Arlnv Tr Sh 1.75 Basic Industry Shares 293 2 98 Bntist Tvpe fnv Tr Sh 40 48 Collateral Trustee Sh 'A> 4 12 437 Corporate Tr Shares (01d1.... 1.84 189 Corp Trust Shares rnewi.... 210 214 Cumulative Trust Shares 357 3.67 Diversified Tr Shares 'At ... 625 Diversified Trust Sh (B .. 687 7.12 Diversified Trust Shares <C>.. 276 280 Divettifled Trust Sh tDt 425 4.50 First Insur Stock Corp 450 487 First Common Stock Corp ... 51 .51 Fixed Trust Oil Shares tAI... 737 .... Fixed Trust Oil Shares iB 1 ... 637 Fundamental Investors. Inc.. 1.79 1.97 Incorporators Investments ...16 30 17 52 land Bank Bond Shares 1.13 125 Low Priced Trust Shares 503 515 Mass Inv Trust Shares 17 62 18 12 Nation Wide Securities 300 3.07 North Am Trust Sh (53' .... 1.75 North Am Trust Sh (5-56' ... 213 2 17 North Am Trust Shares <sßt.. 2 15 220 Selected Amer Shares 1.05 1.14 Selected Amer Sh Inc 242 .... Selected Cumulative Shares .. 214 .... Selec-ed Income Shares 3 21 .... S:ri Amer Tr Shares iAI 2.72 278 I Trust Shares of America 2.62 268 i Trustee Std Oil (Ai 514 545 Trustee S'd Oil tß> 465 475 U S Elec Lt A- Par (Ai 1125 1150 | Universal Trust Shares 272 278 New York Bank Stocks Bv Abbott. Hoppin A Cos.) —Aug. 31— Bid. Ask. Bankers 53 53% Brooklyn Trust ff ; 88’a Central Hanover 119 120 Chase National 24’a 24>i Chemical 39', 39% National City 21% 22', I Corn Exchange 414 46% Continental 12 12% Empire 17 s , 18% First National 1.495 1 510 Guaranty 310 313 living .. 15% 15% .Manhatten A Cos 27 s , 28 Manufactures ............ 19% 194 New York Trust 94 >, 95% Public 29 29% CHICAGO FRUIT MARKET (By United Pressi CHICAGO. Aug. 31—Apples—Michigan, wealthies. bu *101.35. Tomatoes—Michigan. 12-ot. baskets. 25© 50c Sweet Potatoes—Tennessee. bu , *l2s© 150. Peaches -Illinois bu.. *2 506 2.75. Lettuce—Cali- , forma crate *! 50© 4 Beans—Michigan, vii. tu . *161.35: green. *1*2125. Cabbage—Wisconsin crate. 50©75c Corn —Illinois sack 40© 75c Carrots—California, crate 12*?2 25 Peppers—lllinois, bu. 50© 85c Eggplant—lllinois, bu.. 50c. Celerv Michigan, crate. 35n50c Cauliflower — Western, crate. 81156130 Onion market 50-lb sacks'. Washington Valencias. *l© ! 1 10 Wisconsin Globes. 85©90c; Michigan. i vellows. 85*i 90c: Idaho whites, t1.15fii.25 Plumbing Permits Kreich Bers 1727 South East. 4 fixtures i Joe Canning southeast corner Senate | and Thirteenth. 1 fixture C A Johnson. 338 North Drexel, 1 fixture C Greiner, rear, northeast corner Euclid and East Washington 3 fixtures Strong Bros . East Sixty-third High school. 19 fixtures Frank Irish. 359 Massachusetts avenue. Indiana not t* Plumbing Company. tM Bast Bixn -first street, 8 ftxtute* C A Johnson. 2162 North Ti.lobtt. 2 fixture*. '

New York Stocks ' By Abbott. Hoppln St Cos. ———————

AVERAGE STOCK PRICES FOR THURSDAY Net High. Low. Close, change. Thirty industrials 93.59 92.01 92.70 -.93 Twenty rail* 30.00 35.00 36.12 —.09 Twenty utilities 20.71 2043 20.55 —.16 Forty bonds .... 92.92 —.13 Ten first rail* ... 100.11 —.OO Ten second rails ... .... 75.74 —.33 Ten utilities .... 90.67 —.03 Ten industrials .... 97.16 —.lO * Up. -Off. • Shirt gustation* ar net (tsfi*. Iht't hn he*n no tradinr In thnav Iwwi.

—Aug 31— Prev. Oil*— High. Low. Close close. Amtndt ....... 47 47 47 46 Atl Rfg 25% 35 25 25 Barnsdall 6% 6% 6% 6% Cor.sol O:! 8% 8% 8 3% Coin of De! .. 17 % IT, 17% 17% Houston 'old*.. 18'. 16 16% Mid Cont Pet .. . . 12 OhloOi 1 10*. 10% 10% 10% Phillip* Pet 16% 16 IS 1 . 16% Plymouth 0i1... 9% 9% 9% 9% Pure Oil 7% 7% 7 3 . 8 Sbd Oil 16’. 26 7 . 26’, 26% Shell Un 7 6 7 * 7 7 Skellev Oil 7% 7 1 2 7% ... Soc Vac 14 1 2 14% 14% 14' a S O of Ca! 34' 2 34% 34% 34% 80 of Ind 26 3 28% 26% 26% S O of N J ... 44% 44% 44% 44% Sun Oil 67 67 67 67 Texa* Corn . 23 22 23% 23% Tidewater Assn . 10% 10 10 10 Un Oil of Cal .. 15% 15% 15% 15% Steel*— Am Roll Mill* . 17 16% 17'/, 17% Beth Steel 29% 28% 29% 29 7 * Bvers AM... .. .. 17 Col Duel St Iron 5 5 5 Cruc Steel . . 26% Inland Steel ... 39 38 38 39% Natl Steel 41 40% 41 41% Otla Steel .... 4% 4% 4% 41> Rep 1 & Stl . 14 15% 15% 14% Rep I Ac Stl pfd. . 48 U S Pipe Ac F . 19% 19% 19% 19 U S Steel ... . 34% 33% 33% 34% U 8 Steel pfd.. 77% 77% 77>.i 78 Warren Bros .. . 7% Youngstn S& T 16% 16% 16% 17 Motors— Auburn i3% 22% 23% 23% Chrysler 33% 32% 33 33 Gen Motors .... 29% 29% 29% 29% Graham Mot .. 1% 1% 17* 2 Hudson 8% 8% 8% 8% Hupp 2% 2% 2'% 2% Mack Truck 24 24 T 4 24% Nash 14 14 14 14’, Packard 374 3% 3% 4 Reo 2% 2% 2% 2% Studebaker 3% 3% 3% 3 Yellow Truck 3% 3% 3% 3 Motor Access— Bendix 12% 12% 12% 12% Buhn Alum 53 52% 53 53% Borg Warner... 22% 21% 2134 22 Briggs 16% 16 16% 17% Burio Wheel ... 2% 2% 2% 2% Eaton Mfg . . 14% Elec Auto Lite 22% 21 22 21% Ho'Jdaille A ... 4 3% 4 37* Murray Body .. 5% 5 5 5% Stew Warner ... 6% 6% 6% 6% Timken Roll ... 29% 2934 293* 29% Mining— Alaska Jun 19 18% 19 18% Am Metals 18% 173* 18% 19',* Am Smelt 38 36% 38 37% Anaconda 12% 12% 12% 12% Cal Ac Hecla ... 3'a 3% 3'% 3'/a Cerro de Pasco 40% 39% 40% 40% Dome Mines ... 44% 44% 44% 44% Gt Nor Ore ... 11% 11% 11% 11% Howe Sound ... 54% 52'% 54% 53% Int Nickel 25% 25% 25% 25% Kennecott Cop . 19% 19% 19% 19% Mclntyre Mine . 48 47% 48% 48% Noranda Cop ... 43 42% *3 43 Park Utah 3% 3% 3% 3% Phelps Dodge .. 16 15% 16 15% St Joe Lead 17% 17 17% 17% U S Smelters... 139% 136 139 136% Vanadium 18 17% 17% 18 Amusements— Fox Thea 11% 10% 113* 1174 Loews Inc 27 26% 27% 27 Radio Corp 534 5 53* 5% RKO .. 2% 2% 2V 27a Warner Bros ... 4 4 4% 4% Togaeeos— Am Snuff 64 63 63 Am Sum Tob .. 19 1834 19 19% Am Tobacco A.. . 74 Am Tobacco B . 76 75 76 76% Gen Cigars .. . 43 Ligg Ac Mvers B 98 97 % 98 98 Lorillard 18 17 17% 18 Reynolds Tob B 48'% 4534 46% 46 Rail*— Atchison 51 49 5074 50V* Atl Coast Lines 28 28’% 2834 28 B Ac O 18 1 5 1674 16% Can Pac 13’4 13 13% 14% Ch Ac Ohio 43 43% 43% 43% Chi Ac Gt W 2% C M ft St P . 3% 3% 3 3 4 3*2 C M Ac St P pfd 5 574 5 % 574 Chi N W .6% 6 614 6% Chi N W pfd . "... 12% Dela Ac Hud 4040 40 41 Del Lac Ac W... 17 16 1674 163a Erie 13 13 13% 133a Erie pfd 17% 177* 17% • Grt North pfd . 15 147a 1574 1 5 111 Central 16 16% 16% 1634 K C Sou . . 8 Lehigh Valley ... 11% 11% 11 % 1174 Lou Ac Nash ... 42% 42% 42% 43 M K Ac T 6 6 674 67a M K Ac T pfd .. 16 16 16 16., Mo Pac 3% Mo Pac pfd 4 4 4 47a N Y Cent 22 21% 21% 21% NY New Haven 1034 10% 10% 1034 NY Ont Ac West 17 17 17 Norfolk Ac Wes. ... . .. 175 Nor Pac 1874 187a 1874 18% Penn R R 24 2334 24 2474 Sou Pac 18% 1734 lfi 18 Sou R R 1674 1 6 16% 16% Sou R R pfd ... 21 20 21 2074 Union Pac ... . 98% 98 98% 98 West Maryland. 9% 974 974 97* Equipments— Allis Chalmers . 13% 12% 1374 1374 Am Brake Shoe. 23 23 23 23'/a Am Car Ac Fdv 16% 16% 1672 17 Am Car Ac Fd pf 35 74 35 74 35% Am Loco 18 18 18 1774 Am Mach & Fdy 14 14 14 14 Am Steel Fdy 14% Bald Loco . ... 874 874 874 874 Bald Loco pfd.. . 33 Burroughs 1274 11% 127a 12 Case J I 41 40% 41 41% Cater Tract .... 27 26% 27 74 26 74 Deere Ac Cos .... 16% 16% 16% 16% Gen Am Tnk Car 33'% 3374 3374 34 Gen Elec 19 18% 19 19 Ingsol Rand ... 57 57 57 . Int Harvester ... 27'4 27 27% 27% Natl Cash Reg . 14% 14 1474 14% Pullman Tnc ... 41% 41% 41% 42 Rem Rand 8% 8% 8% 8 % Und Elliot 48% 48% 48% 49% West Air B 18% 18 18% 18% Westingh Elec.. 33% 323a 327a 32% Utilities— Am Ac For Pwr. 6% 6% 6% 6% Am Power Ac Lit. 6% 5% 5% 5% A T Ac T 111% 110% 111% 111 Am Wat Wks ... 16% 16% 16% 16% Brook Un Gas . . 60 COl Gas Ac Elec 9'a 9% 934 9% Col G Ac E pfd . 66 66 66 66 Com Ac Sou 1% 1% 1% Consol Gas ... 28 2i% 28 28 Elec Pwr A' Lit. 4% 4% 4% 4% E P Ac L pfd ... . ••• 8 Int Hvdro Elec . 4% 4% 4% 4-a Int TAc T 10 9% 10 10% Lou G Ac E A ~ . - ••• ••• 1374 Nat Pwr Ac Lit. 8% 8 8% 874 North Amer .... 13% 13% 13% 14 Pac GA- E 15% 15% 15'a 15% Peoples Gas .. 24% 24% 24% 24% Postal Tel pfd .15 14% 15 15 Pub Serv N J .. 32% 32% 32% 32% So Cal Edison... 13% 13% 13_ IS-'a Std Gas 7% 7% 7% 8 S'd Gas pfd •• •% Stone Ac Webster 6% 6 6% 6 United Corp ... 4% 4 4% 4% Un Gas Imp ... 15% 14% 14% I*% Ut Pwr Ac Lit A ... ... 2% Western Union.. 36% 35 36% 35 a Rubbers— F.'restone ••• , JJI" 1 Goodrich 10% 10% 10% 10% Goodyear 22% 22% 22% 23% U S Rubber . 16% 16 16% 16% U S Rubber pfd. 38'* 37% 38% 3< 3 * Miscellaneous— Am Bank Note . 15 15 15 15 Am Can 98 98 98 98 Anchor Cap . . 173* 17 17 Brklvn Man Tr. 42% 41% 42 42% Conti Can 81 81 81 81 Crown Cork ... 22% 22% 22% 22% Curtis Pub .. .. 18% 18% 13% Curtis Pub Pfd.. 82% 82 82% . Eastman Kodak . 99% 99% 99% 99 Gillette 11% H% I}% IJN Glidden 25 24% 24% 24'a Inter Rapid Tr. 13% 13% 13% 14% Owens Bottle ... 69 68% 68% 69 Food*— Am Sugar 67 67 67 66% Armour (A* . .. 6% 6% 6'* 6 * Beatrice Cream'y 18% 18% 18% 19 Borden Prod ... 25% 25 25% 25% Cal Packing ... 42% 41 % 41 41 Can Drv G Ale 16% 16 16 167 z Coca Cola ...133 133 133 Cont Bak <A).. . ... .J,, Corn Prod ... 61H 61 61 % 61% Crn of Wheat .. 32% 32% 32% 32% Cuban Am Sug . 9% 8% 974 8% Gen Foods .... 30 29 % 30 30 Gold Dust 18 18 18 18% G W Sugar ... 30% 30 30% 30% Int Salt 31% 31% 31% . , Locse Wiles . • 39% Natl Biscuit ... 32 s . 32% 32% 32% Natl D Prod ... 17% 16% 17 174* Puiltv Bak 10% 10% 10 3 * 10% S Por Rico Sug 31% 31 31 32% Sptncer Kellog . 25% 25% 25ji 25% Std Brands 19% 19% 19% 19 •* Un Biscuit • 237* United Fruit ... 737* 73 .3% ... Wriglev 64 64 ... Retail Stare*— Assn Dry Good*. 10 9% 10^, Best Ac Cos. ■■ First Natl Store* 64 64 64 64 Gimbel Bros 3% 3% 3* Gr Up Tea ... 5% 5% 5% 5% Hahn Dept Sts . , •... <’• Kresge S S 18% 18% 18% 18% Kroger Groe 28% 28% 28% -J * M*rsh*?l Field. ! ?0% 10% ”% “Sm W^rd 81 .:: Natl Tea 11 10 • 12!* H 4 Penney J C 57% Safeway S .. 47 4. 4. 4. 2 Sears Roebuck . 3.% 36% 3*% 36% Woolworth 41% 41 41% 4i % AviUtion — Aviation Corp . 4% 4% 4% ♦% Curtiss Wright . 2% 2% 2 f 2% Curtiss Wri 'AI 8% 8% 8% 8% Douglas Air.. . 17’* 17% 17% 17 s * Nor Am Ay • •- 3% Spaerv Corp ... 8 7% 8 8% Aireraft 14% 13% 14% 14’, Wright Aero 46 45% 46 467i Chemical* — Air Reduction.. 87 87 87 Allied Chem ... • • 1M Am Oom Alcohol 2’a 27% 27% 28 Cos! Carbon 67 m % 67 67% Com Sclvenu .. XO% 20% 30% 30%

THE INDIANAPOLIS TIMES

Dupont 96 89% 90 Freeport Tex .. 30% 29% 30% 29% Liquid Carb ... 22 22 22 Math Alkali 28% 28% 28% 28% Montosonta Ch 53% 53 53 51% Natl Dls tnewi. 21% 20% 20% 20 s , Sehenelev Dist 21% 21% 21% 21 s , Tex Guif Suiph 35 34% 34% 34 s , Union Carbide . 42 41% 42 U S Indus Alco 40% 39% 40 <• 40 Virg Ch 67. pfd 177a 17 )7% 17% Drug,— Coty Inc . - . • . ■ 5% Lambert 23% 23% 23% . Lehn t Fink ... 15 15 15 15 Un Drug 13 13 13 12%. Zonite Prod ... 4 4 4 4 Financial— Adams Exp ... 7 s , 7% 7% 7% Allegheny Corp . 2% 2 2 2% Am Int Corp .... . .• 6% Chesa Corp .... 40% 40% 40% 407 2 Lehman Corp... 68 68 68 69% Transamerica .. 6 5% 6 6 Tr Conti Corp .. 4% 4% 4% 4% Building— Am Radiator .. 13% 13 13% 13% Gen Asphalt .. 17% 17% 17% 177, Int, Cement . 23% 22% 23% 22% Johns Manville 46% *5% 46% 46% Libby Owens Gls 29% 28% 29% 297* Otis Elev 14% 147, 14% 14% Ulen Const 2 Household— Col Pal Peet 14% Congoleum 28 28% Kelvinator 13% 137'* 13% 13% Mohawk Carpet. . .. 16 Proc Ac Gamble. 38 37% 37% 38 Simmons Bed 11 Textiles— Amer Woolen .. 8% 8% 874 8% Belding Hem .. 11% 11% 11% 11% Celanese Corp .. 20% 20 20 20% Collins Aikman.. 12% 12% 12% 12% Gotham Hose .. 5 5 5 5'4 Indus Rayon ... 23 23 23 237* New York Curb (By Abbott, Hopoin Ac Cos.) —Aug. 31— Close. Close. Allied Mills .. 7V*lHumble Oil • 42% Alum Cos of Am 55% Imperial Oil Ttd 15 Am Cyanide B' 17% Hud Bav Min . 15 Am Gas Ac El 22%!1nt Petrol 29% Am Superpower 2 ILake Sh Min ..57 Assn G Ac El . %'Libbv Me Libby 874 Atlas Corp . 9 5 iLone Star Gas 5 Can Ind Ale ‘A’ 8% Natl Bell Hess. 2% Can Marc .... 2 (Newmont Min . 46 Cities Serv 2 ;Nia Hud Pwr.. 4% Consol G of Bit 65%<Novadel Agene . 20 7 4 Cord Corp ... 474IPark Davis .... 25', Creole Petrol .. 137, Penn Road .... 2 Deere Ac Cos. . 16% St Regis Paper 274 Distillers Corp. 15 s , Sal Crk Products 6 El Bond Ac Sh 10% Sherwin Wms .. 69% Ford of Can A’ 20% Std of Kv 15% Ford of Europe 8% Teck Hugh Gold 6% Glen Alden Coal 19 Un Gas 274 Gulf Oil of Pa 56%iUn Pwr Ac Lt A 2 Gold Seal Elect 2% Wright Har Min 10 Hiram Walker . 38%;

Chicago Stocks 1 1 By Abbott. Hoppln <fc Cos. " "

—Aug. 31High. Low. Close. Asbestos Mfg 1% 1% 1% Bendix Aviation 12% 12% 12% Berghoff Brew Cos 4% 4% 4% Borg Warner 22 22 22 Butler Bros 8% BV* 8% Central 111 Secur pfd 7% 7% 7 ,/ 4 Central <te So West % % •% Chicago Corp com 2 1% 1% Chicago Corp pfd 25% 25J* 25% Chicago Mail Order ... 9% 9% 9% Chicago Rivet <fc Machine 8 8 8 Cities Service 2 1% 2 Commonwealth Edison.. 45% 45% 45% Bord Corp 4% 4% 4% rane Cos 8 7% 7% Marshall Field &Cos ... 19% 10% 10% General House Util 9 8% 9 Libbv-McNeil ... 8% 8 8% Noblitt-Sparks Ind Inc 12% 12% 12% Public Service N P 13% 13% 13% Quaker Oats 123% 123% 123% Swift St Cos 19% 19% 19% Swift. International .... 39 38% 39 Utility & Ind % % % t. S. GOVERNMENT BONDS ißy United Pressi NEW YORK. Aug. 31. —Closing Liberties: (Decimals represent thirty-seconds) Liberty 3'is 132-47) 103.7 First 4%s 132-47) 103.8 Fourth 4%s (33-381 103.24 Treasury 4%5—3%s (45) 101.30 4%s (47-52) 112.5 3%s >43-47) 103.4 3%s (41-43) March 103.10 3%s 140-43) June 103.9 3%s 1 43) 103.11 3%s 146-49) 101.2 3s (51-55) 100.4 FEDERAL FARM LOAN BONDS (By Blyth & Cos.. Inc.) —Aug. 31— Bid. Ask. 4s Julv 1, 1944-46 97% 98% 4s Nov. 1. 1957-37 97 97% 4s May 1. 1958-38 97 97% 4US Julv 1, 1956-36 97% 98% 4%s Jan. 1. 1957-37 97% 98% 4%s Mav 1, 1957-37 97% 98% 4'is Nov. 1, 1958-38 98 99 4'is May 1, 1942-32 99% 99% 4%s Jan. 1. 1943-33 99% 99% 4Vis Jan. 1, 1953-33 98'/* 97% 4%s July 1. 1953-33 98V* 97% 4V 3 s Jan. 1. 1955-35 98'i 99 4'is Jan. 1. 1956-36 98% 99% 5s Mav 1. 1941-31 100% 100% 5s Nov. 1. 1941-31 100% 100% —Home Loan—--3s May 1, 1964-44 98.28 98.01 4s July 1. 1951 92 98 —Federal Farm Mortgage Corporation—--3%s March 15. 1964-44 99 28 100.00 The la'ter three quotations are In thir-ty-seconds.

Other Livestock (By United Press) CHICAGO. Aug. 31.—Hogs—Receipts, 11.000. including 5.000 directs; market, slow; weak to 10 cents lower than Thursday; 190-290 lbs.. [email protected]; top. $7.95: 140-180 lbs.. $6.75(57.75; few pigs. $6.25 down; packing sows. $6.85®7.15; light lights. 140-160 lbs., good and choice. $6.50 4i7 50: light weight. 160-200 lbs., good and choice, $7.2557.90; medium weights. 200250 lbs, good and choice. $7.75<a.7.95: heavy weights. 250-350 lbs., good and choice. [email protected]; packing sows. 275-550 lbs., medium and choice, $657.25: slaughter pigs. 100-130 lbs., good and choice. ssffi 6 50. Cattle —Receipts. 3.500 commercial, 6.000 government; calves. 500 commercial. 4.000 government- market, slightly more active: fully steadv with Thursday's aver, age; led steers and yearlings very scarce, best medium weight. $8.50: some held higher; fed heifers in broad demand; grassy kinds and fat cows, slow; bull*, strong to shade higher: best vealers. $8: slaughter cattle and vealer. steers. 550900 lbs . good and choice. $6 255 9; 9001.100 lbs., pood and choice. $6 755? 10.25; 1,100-1,300 lbs., good and choice. $7,505 10 50; 1,300-1.500 lbs., good and choice. SBS; 10.75: 550-1.300 lbs., common and medium. S3 50(58: heifers. 550-750 lbs . good and choice. %B'US. common and medium. $3.50 ®6: cows. good. *4.2556; common and medium. $3(24.25; low cutter and cutter. *853: bulls (yearlings excluded) good (beef), $353.75: cutters, common and medium. $2.505 3.50: vealers. good and choice. 56.5028; medium. $4.505 6.50; culls and common. $3.5054.50: stockers and feeder cattle, stockers. 550-1.050 )bs.. good and choice. $4.7525.50: common and medium, $36 4.75, Sheep—Receipts. 7.000; fat lambs in fairly broad demand; early sales and indications steady with earlv Thursday; best natives held around *7; scattered bids and *ales. $6,5028.75; no western lambs old; top ranee ewes. $2.75: natives. $1 50 5 2.50; slaughter sheep and lambs, lambs. 90 lbs. down, good and choice, $6.3557: common and medium. $526 40: ewes, 90150 lbs., good and choice. $1.7552 75; all weights, common and medium. $1 505 2.25; feeding lambs. 50-75 lbs., good and choice. $5.5026.25. On Commission Row —Sept. 1— Quotations below are average retail prices being offered to buyers by local commission house dealers. Apples—Fancy Delicious. *2; Transparents. 81.5091.75. Peaches—lllinois. Elbertas. bushel. 12.75 63 50 Plums—Michigan, large blue, bushel, *1 50. Oranges—California Sunkist, <5.25; Valencias. $4.25g5.25. Lemons—Sunkist, $6 50. Grapes—California seedles*. crate, 11.40. Grapefruit—Florida seedless. $4.2554.50. Cantaloupes—lndiana, bushels. 75c@$l. Pears—Michigan Bartletts, bushel, 12.25. Watermelons—2sc. Bananas—Pound. sc. —Vegetables— Enetve—Ohio. 2 doz.. basket. 85c. Sweet Corn—Home grown, doz.. 20c. Cabbage—Northern. 2%c pound. Celery—Michigan boxes. $1.10; medium, dor . 45e. Onions—Washington yellow 50-lb. bag $1.65: Calilorn a whites. $2.00; homegrown 81. Picking Onion'—lo-lb. basket. *l. Potatoes—Eas.ern Cobbler*. 100-lb. bag. $1 75. Kentucky Cobblers. $1 75. Sweet Potatoes—Eastern Yellow Jerseys, bushel. $1.60 Beans— Round atringless. bushel *l9 1.50. Beets—New. 30c doz. Carrots—Ohio. do*.. 85c. Cauliflower—lOs-lls. crate. $1 75. Lettuce—Outdoor. 15-lb. basket, 85c; Iceberg California, crate. 14.50. . Peas—Hamper. *2 50. Radishes—Basket of 3 dor.. 85c. Spinach—Home-grown. 10-lb. basketa, 35c: bushel, sl. Finger Pepper*—s-lb. basket, 85c. Tomatoes—Outdoor, basket. 50c; b^ahel.

SWINE VALUES MOVE 10 TO 15 CENTSJ.OWER Cattle and Lambs Steady; Veals Unchanged at $7.50 Down. Porker prices dropped 10 to 15 cents in early trading at the union stockyards yesterday, registering the third decline for the current month. The decrease was due mostly to a continued weak demand for pork at butcher shops since prices have soared to near war-time levels. Slight improvement was shown in the number of receipts on hand, and demand at the yards generally was slightly weaker. The bulk, 160 to 200 pounds, was selling at $7.55 to $7.65. Weighty kinds, scaling 200 to 300 pounds, sold at $7.70 to $7.75, while 300 pounds and up, brought $7.40 to $7.6C. Light slaughter pigs, weighing 140 to 160 pounds, cashed in at $6.65 to $6.90; 120 to 140 pounds, brought $5.90 to $6.40, while 100 to 120 pounders were salable at $5.15 to @5.65. Packing sows held at $6.25 to $7. Receipts were 6,500; holdovers, 1,314. Usual week-end clean up trade prevailed in the cattle market, with the majority of classes steady to slightly lower than Thursday’s average. Early supply of steers consisted mostly of odds and ends, salable under $7.50. Single load of good and choice heifers sold at SB, while other grades held under $6. Cows brought $3 to $4.50. with low cutters and cutters selling at $1.50 to $2.75. Receipts numbered 700. Vealers were steady and inactive at $7.50 down. Receipts were 600. With only little interest displayed in lamb trading, prices continued unchanged. Bulk of ewe and wether kinds brought $6.50 to $6.75. Bucks were $1 less. Throw outs sold at $4 to $5.50, while slaughter ewes were selling at $2.50 down. Receipts were 900. Weakness was resumed in hog trading at Chicago, with prices weak to around 10 cents lower than Thursday’s average at $790 down. Receipts were estimated at 7,000, including 5,000 directs; holdovers, 1,000. Cattle receipts numbered 9,500, including 6,000 government; veals, 4,500, including 4,000 government; market unchanged. Sheep receipts were 7,000; market steady.

Aug. Bulk. Top. Receipts. 25. $7,402 7.50 $7.55 2.000 27. 7.502 7.55 7.70 5.000 28. 7.652 7.70 7.85 5.000 29. 7.75® 7.85 8.00 5.000 30. 7.652 7.75 7.90 5.000 31. 7.75® 7.65 7.75 6.500 Market, Lower. (140-160) Good and choice ..* 6.652 7.40 —Light Weights—-(l6o-1801 Good and choice ... 7.55® 7.65 (180-200) Good and choice ... 7.60@ 7.70 —Medium Weights—-(2oo-2201 Good and choice ... 7.65 2 7.75 (220-250) Good and choice .. 7.70® 7.75 —Heavy Weights—-(2so-2901 Good and choice ... 7.65® 7.75 (290-350) Good and choice ... 7.50® 7.70 —Packing Sows—-(27s-350) Good 6.65® 7.10 (350-425) Good 6.50®) 700 (425-550) Good 6.35® 6.75 (275-550) Medium 6.25® 6.65 —Slaughter Pigs—-•loo-130) Good and choice ... 5.15® 6.15 CATTLE Receipts, 700; Market, Steady. —Steers—-(sso-900) Choice $ 7.00® 8.50 Good 6.00® 7.75 Medium 4.502' 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 9.00210.40 Good 7.25@ 9.25 Medium 5.50® 7.50 (1.300-1,500) Choice 9.50 2 10.50 Good B.oo® 9.75 —Heifers—-(sso-750) Choice $ 7.00 2 7.75 Good 5.75® 7.00 Common and medium 3.00® 5.75 (750-900) Good and choice ... 5.75® 7.75 Common and medium 3.00® 5.75 —Cows— Good 3.75 2 5.00 Common and medium 2.752 3.75 Low cutter and cutter 1.50® 5.75 —Bulls—(Yearlings excluded) Good 3.252 3.75 Common and medium 2.25® 3.25 VEALERS Receipts. 600; Market, Steady. Good and choice $ 7.00® 8.00 Medium 4.50® 7.00 Cull and common 2.50® 4.50 —Calves—-(2so-5001 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 | (800-1,050) Good and choice.. 4.50 2 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 2 502 S 25 Common and medium 2.25® 3.00 SHEEP AND LAMBS Receipts. 900: 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® 275 (120-150* Good and choice ■• • 1.75® 2.50 All weights, common and medium 1.25® 2.00

Other Livestock (By United Press) LAFAYETTE. Aug. 31.—Hogs—Market, 10® 15c lower: 200-300 lbs.. 57.55®7.65: 160200 lbs. $7.3027.50: 140-160 lbs., $6,409 6 65; 125-140 lbs.. $5.90®6.15: 115-125 lbs , $5.40®5 65: 100-115 lbs.. [email protected]: roughs. $6.75 down. Top calves. $6.50; lambs. $6.50 down. FT. WAYNE. Aug. 31.—Hogs—Masket. 20 9 25c lower: 250-300 lbs.. $7.65: 200-250 lbs.. $7.55: 180-200 lbs.. $7.45: 160-180 lbs., $7.35: 300-350 lbs.. $7.40: 150-160 lbs.. $6.75; 140-150 lbs.. $8.50: 130-140 lbs.. $6.25; 120130 lbs.. $6; 100-120 lbs.. $5 35: roughs, $6.25; stags. $4. Calves, $7.25; lambs. $6.25. (By Times Special) LOUISVILLE. Aug. 31.—Cattle, commercial, 500. including six loads through and one load billed direct; salable supply light, quality fair; market generally steady on all classes; common to medium slaughter steers and heifers largely $3 259 4.75; better finished steers and heifers Quotable. $5.25®6.50; bulk common to meium beef cows. $2 502 3; more desirable kinds to $3.50 and higher for heifer types; bulk low cutters and cutters. sl9 2.25; most desirable bulls. $2.75®3.25; Hereford stockers mostly $4 50®5.50; depending on quality and condition common to medium natives. $2 50 9 3.50. Calves commercial 700. inc’uding about 400 stock calves; vealers. 50c higher most better grades. s6®6 50; strictly choice han’dvweights to $7; medium and lower grade vealers, $5.50 down: grass calves unchanged mostly $4.50 down. Hogs—Receipts. 600: market. 25c lower: top and bulk. 185-275 lbs., $7.65: 280 lbs.. $7 30, 160-180 lbs . $6.95: 140-155 lbs.. $6 45: 120135 lbs., *4 95; sows, $5.45: grassy and unfinished hogs discounted. Sheep 900, supply light quality fair lambs mostly 25c lower than Thursday's average: other classes steadv; early sales desirable trucked In ewes and w%thers largely *5.75 26: choice kinds to *6 25 with choice longhaul and overnight offerings to *>.■; bucks discounted and most throwout* *3.50 down; bulk fat ewes. *l6 2: most stock ewes, *6®7.50 a head; choice. *B. Canadian Pacific Income Up CHICAGO. Sept. I.—Net operating income of the Canadian Pacific railway during July amounted to $1,511,482, compared with $1,368,380 in the same month of 1933. Net operating income for the first seven months of 1934 totaled $9,565,894.

EDWARDS A Fre Estuurt Eepcm; Jm

U.S. ‘Undersells’ Private Firms on Interest Rates

TVA Heads Force Down Finance Costs on EFHA Sales. BV ROBERT S. BROWN Tim** Sp*rial Writer WASHINGTON. Sept. I. Through the entire expanse of governmental credit agencies, there has been chartered a schedule of interest rates which follows closely thase of private origin. Only in cases where private capital approached usurious demands, has the government made drastic reductions. The go\’ernment policy has been to loan money at comparative rather than competitive rates. Federal entrance into the installment credit field has been recent. It is trying two distinct types of operation. One, the federal housing administration, seeks to accomplish home improvements and new construction through the use of private funds at a set interest of 9.7 per cent and is backed by governmental credit in the form of a virtual 100 per cent insurance guarantee against lass. The second type of installment credit is offered by the Electric Farm and Home Authority. Inc. an offspring of the Tennessee Valley Authority. Low priced electric equipment is the stock in trade of the EFHA and in order to purchase, the installment borrower must pay 5 per cent interest a year on the amount owed. In addition he must pay a booking charge of $1 to place his contract in force and then $1 yearly for collection fees. Allowing for reduction of the principal by monthly installments paid, the real interest charge of the borrower is in excess of 10 per cent. In some instances, however, this rate runs much higher. When service fees are included, persons buying by small installment payments on small expenditures, will pay as high as 25 per cent. In one isolated bracket of the EFHA repayment schedule the actual in-

Cash Grain

INDIANAPOLIS —Aug. 31 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 17tic to river. Wheat—No. 1 red. 92%9 93%c: No. 2 red, 91%9 92%c; No. 2 hard. 93%®94%c. Corn—Easy: No 2 white. 77@78c: No. 3 white® 69 77c: No. 2 yellow. 75®75%c: No 3y ellow. 74®74%c: No. 2 mixed. 74% ®7sc: No. 3 mixed. 73Vi®74tic. Oats—Easy; No. 2 white. 50®51c; No. 3 white. 49250 c. Hay (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisville) Steady; No. 1 timothy, *[email protected]. —lnspections— Wheat—No. 2 red. 10 cars; No. 1 mixed. 1 car; No. 2 mixed. 1 car. Total. 12 cars. Corn—No. 2 white, 5 cars; No. 3 white. 5 cars; No. 4 white. 2 cars; No. 2 yellow. 8 cars: No. 3 yellow. 14 cars; No. 4 yellow/ 3 cars; No. 2 mixed, 1 car. Total. 38 cars. Oats—No. 2 white. 4 cars: No. 3 white. 2 cars: No. 4 white. 1 car; No. 3 mixed. 1 car; No. 3 red. 1 car. Total, 10 cars. Local Wagon Wheat Citv grain elevators are paying 89 cents for No. 2 soft red wheat. Other grades on their merits. (By United Press) CHICAGO. Aug. 31.—Cash grain: Wheat —No. 1 red. $1.04%; No. 2 red. $1.04; No. 3 red. 31.04%: No. 4 red. $1.02%, weavily; No. 2 red garlicky, sl.Ol. Corn—No. 2 mixed. Bl'.ic: No. 3 mixed. 81@81%c; No. 2 yellow, 81%9 82c: No. 3 yellow. 81%@ 81%c: No. 2 white. 84c. Oats—No. 2 white. 53c; No. 4 white, 52c; sample grade. 51Vc. Rye—No sales. Barley—sl.ls; quotable, 75c® *1.30. Timothy—sl6.so® 18. Clover seed—sl4.2s® 18.75. Cash provisions—Lard. $9.25: loose, $9.45; leaf. $10.25; bellies. $13.90. TOLEDO. Aug. 31.—Grain close: (In elevators. transit billing) Wheat—No. 2 red. $1.03%® 1.04%. Corn—No. 2 yellow, 84® 85c. Oats—No. 2 white. 57®58c. Rye— No. 2. 85%®86%c. (Track prices, 24%c rate) Wheat—No. 1 red. 99%c®$l: No. 2 red. 98%®99c. Corn—No. 2 yellow/ 80® 80%c; No. 3 yellow, 79%®80c: No. 4 yellow. 79®79%c. Oats—No. 1 white. 54%® 56c: No. 2 white, 54@55c; No. 3 white, 529 54c. ST. LOUIS. Aug. 31.—Cash grain: Wheat —ln fair demand, 12 cars sold. %c lower to %c higher on red and %c lower on hard: No. 2 red, $1.0391.04 early. $1.02% at close: No. 3 red. $1.02® 1.02%; No. 2 red garlicky. 96%®97%c; No. 3 red garlicky, 96c; No. 2 hard. sl.lO nominal; No. 2 light, garlicky. $1.00%; No. 3 light garlicky, sl. Corn—ln slow demand, unchanged to %c lower: 4 cars sold; No. 2 yellow, 82c: No. 3 yellow. 81c: No. 2 white. 85%c; No. 3 white. 84%c. Oats—ln fair demand, %c lower. 5 cars sold: No. 3 white. 55c: No. 2 mixed. 55%c: No. 3 mixed. 55c; sample mixed, 54%c; No. 1 red. 57 %c. Chicago Futures Range (By United Press) —Aug. 31Wheat— Prev Open. High. Low. Close, close. BeDt. Old 1.02% 1.03% 102 1.02 1.02% New 1.02% 1.03% 1.02 1.02 1.02% Dec. Old 104 1 04% 103% 1.03% 104 New 1.03 7 * 1 04% 1.03% 1.03% 1.03% Mav.. 1.05% 1.06 1.04% 1.04% 1.05 Corn — Sep.. .79% .79% .78'* .78% .79% Dec.. .801* .81 .794* .79% .80% May.. .83% .83% .82% .82% .83% Oats— Sept. Old .51% .52% .51% .51 % .52 New .52 .52% .51% .51 % .52 Dec Old .52% .52% .51% 51% .52% New .52% .52% .51% .51% .52% May . .52% .53 .52% .52% .52% Rve— Sept. Old .84% .84% .82% .82% .84% New .84 .84% ,82% .82% 84% Dec Old 85% .86% New .86% .86% .85% .85% .86% May 89% .89% .88% .88% .89% BarleySept. Old .81 .82 .81 82 .81% New 81% .81 Dec. New .79% .80 .78% .78% .79% May 79% .30 Lard— Sept.. 9 15 925 9.15 9.15 9.32 Oct... 940 940 932 9.32 945 Oct.. 940 9.40 9.32 932 945 Nov 9 35 9 55 Dec.. 945 955 942 942 962 Jan . 960 9.65 9.52 9.55 9.75 * Bellies— Sept 13.50 13 75 Oct.. 14.00 14.00 13.75 13.75 13.95 CHICAGO PRIMARY RECEIPTS —Aug. 31— —Bushels— Todav. Last week. Wheat 946,000 627,000 Corn 1,061,000 1,278,000 Oats 161.000 243.000

CAPITOL POULTRY CO. Will Be Open SUNDAY and LABOR Day Mmp an Saturday, Also free Dmsinf. CAPITOL POULTRY CO. 1018 S. MERIDIAN ST. DRexel 3030

Quality LINOLEUM at Cut Price* Reg. *7.50 r Felt Ha.e * JM ■■ OK ,: vl VLinoleum Cos. 901 Knt Washington Street

"Mv Client* Sleep Well” Uuljtf What percentage of voor Present Income Would continue to your family la event of your death? See or Call R. F. LINDEMAN AETNA LIFB IN'SCRANCE CO. 10 h Floor niinota Bid*. RI-854W

terest cast to the borrower reaches 50 per cent. David E. Lilienthal, Dr. A. F. Morgan, on the directorate of the EFHA, in discussing the interest rates are open minded, and term them trial figures. They say that the schedule as it stands undersells private financing on the same products by 50 per cent, and that down payments under the EFHA amounts to only one monthly installment, while private companies require a first payment of onethird of the entire total cost. The directors also claim that they offer three year financing of small sums <not less than sso> over a three year period, and financing of larger sums SIOO or more) over four years, practices omitted by private companies. Funds for EFHA financing are obtained from the Reconstruction Finance Corporation at 4 per cent, thus allowing an average spread of 6 per cent for carrying charges, promotion, advertising and development of new electrical appliances. In the Cotton Markets —Aug. 31 CHICAGO High. Low. Clos*. Januarv 13.37 13.25 13.37 March 13 40 13 29 13 40 Mav 13 48 13.37 13.48 October 13 24 13 OR 13 22 December 13 37 13.21 13 36 NEW YORK January 13.32 13 16 13 32 March 13.35 13 19 13.32 Mav 13 42 13 25 13 38 July 13 45 13.31 13 45 October 13 1R 13 00 13. le December 13.29 13.12 13.28 NEW ORLEANS January 13.24 13.15 13.24 March 13 33 13 19 13.33 Mav 13.35 13 28 13.34 Juh- 13.40 13 38 13.40 October 13.16 1,3.00 13.16 December 13 28 13.10 13 28

N. Y. Coffee, Sugar Futures —Aug. 31— COFFF.F. —Santo* — High. Low. Close. March 11 93 10.98 11.00 Mav 11 04 11 04 11.04 Julv 11 99 11 09 11 09 September 10 96 19 93 J®-®® December 10.99 19.98 10.98 —Rio— March 8.16 8.11 811 Mav 82® 8.20 8.20 July 8.32 8.28 8.28 September 7.88 7 80 7.80 December 7-98 7.94 7.97 SUGAR High. Low. Close. January 1.93 1.89 1 89 March 1 96 1.92 1.92 Mav 1 99 1 96 1 96 July 2.02 1.99 1.99 September 1.85 1 82 1.83 December 1 94 1.90 1.91 NORTH SIDE _. , _ _ _ Talbot A 22 nd TALBOTT “SISTERS UNDER THE SKIN” “ONE IS GUILTY” Sin. Double Feature —Hal Leroy "HAROLD TEEN” Chester Mrrls->lap Clark* “LETS TALK IT OVER” . _ __ Illinois at 34th / Double Featnra * 1 *“ Evelyn Yenahle “DOUBLE DOOR” “HELL CAT” Sun. Double Feature—Alice Faye “She Learned About Sailors” ratriein Ellis “HERE COMES THE GROOM” UPTOWN DoublV Featoro v - /r *wV I S Ralph Bellamy “CRIME OF HELEN STANLEY” “BEYOND THE LAW” Sun. Double Feature —.loe E. Broivn “CIRCUS CLOWN” George Bancroft “ELMER AND ELSIE” n— . . . 2361 Station St. J K r A AA Dong. Fairh'ka Jr. ls " '* ' Elizabeth Bergner “CATHERINE THE GREAT” Sun. Double Feature—lna Merkel “Murder in the Private Car” Pat O'Brien.Evelyn Brent “THE WORLD GONE MAD” ** / ■ 19th and College Double Feature JI Id I I OIQ George Brent “FROM HEADQUARTERS” “MAN OF THE FOREST” Sun. Double Feature —Joe E. Brown “A VERY HONORABLE GUY” John Barrymore-Carol Lombard “20TH CENTURY”

M r ~ a Noble at Mr**. r ( f A Double Feature *" ** Lillian Gish “HIS DOUBLE LIFE” “THE LUCKY TEXAN” Sun. Double Fealure—Nhirlev Temple “LITTLE MISS MARKER” George Raft “THE TRUMPET BLOWS” ap%pa | i* Illinois at GAR RICK l;?:r “LET’S BE RITZY” “NO GREATER GLORY” Sun. Double Feature-George Arliaa “HOUSE OF ROTHSCHILD” Phillip* Holme* “PRIVATE SCANDAL” Re w 30th & Northwestern P X Double Feature Edmund Lone “LET’S FALL IN LOVE” “FIGHTING CODE” Sun. Double Feature—Claudette Colbert “IT HAPPENED ONE NIGHT” Richard Barihelme** “A MODERN HERO” _ _ _. St. Clair at Ft. Wayne ST C I AIR Double Feature I . VeL./“VII\ Bette Davi, “FOG OVER FRISCO” “CITY LIMITS” Sun. Double Feature —Marion Davie* “OPERATOR 13” Charle* Farrell-.lanet Gavnor “CHANGE OF HEART” EAST SIDE a k i r>* 1332 E - Wa7h. St. STRAND “SORRELL AND SON” “LET'S TALK IT OVER” Bub. Double Feature—Wm. Powell “THE THIN MAN” ■lark Otokie “SHOOT THE WORKS" R. . . e* * * Dearborn at 10th IVC J I I Double Feature * T WU 1 Shirley Temple “LITTLE MISS MARKER” “PRIVATE SCANDAL” Von. Special Show Ronald Coleman “Bulldog Drummond Strikes Back” and on the Stage TIM McCOY & CO. IN PERSON , ./,k l—* 5507 E. Wah~StT K V N(T Double Feature I IN ▼ I M VJ Marian Nixon “STRICTLY DYNAMITE” “ORIENT EXPRESS" Son. Double Feature—Ann Harding “The Life of Virgie Winters” •lark Oakie-Ben Hernie “SHOOT THE WORKS” _ . __ __ . , 4680 E. 10th St. EMERSON 'r:." “REGISTERED NURSE” “VOICE IN THE NIGHT” Sub. Dnuble Feature. Wm. Powell “THE THIN MAN” Jne E. Brown “CIRCUS CLOWN”*

.SEPT. 1, 1934

LIQUIDATION AT CLOSE REDUCES GRAINFUTURES Late Selling by Commission Houses Weak Factor; Corn, Oats Drop. BY HARMAN W. NICHOLS I'nited Tre** Staff Corrr.ponilent CHICAGO, Sept. I—Gram prices bobbed about in a nervous manner on the Chicago Board of Trade with no definite trend. Commission house selling toward the close depressed wheat and prices finished to T ANARUS cent lower. Corn was 1 to cents lower and oats were % to ** cent lower. Activity was restricted by a multitude of controlling factors—a sharp break in sterling, an advance in the price of gold in London to anew record high, and the fact today is the first day for September delivery. Wet weather in the Canadian northwest was expected to stem the heavy pressure from hedging sales for the time being although there were receipts of 3.981,000 bushels on Thursday compared with 2,136,000 bushels last year. Publication of private estimates yesterday had little effect on the market, despite the fact the reports showed striking reductions in the aggregate yield. Unfavorable crop news streamed into the pits from Australia, affecting the Liverpool market. The latter closed •'* to cent higher although the influence was not felt on this side. A feature in the local wheat market was buying by houses identified with cash interests. Estimates on probable deliveries on September contracts tomorrow ranged from 500.000 to 3.000.000 bushels. Corn showed early independence and lent some strength to other markets, although the best prices were not maintained throughout the day. Provisions opened weak.

EAST SIDE TACOMA 1 .lame Cagney “JIMMY THE GENT” “MAN TRAILER” sun. Doiililp Feature—Shirley Tempi# “RABY TAKE A BOW” ll m, Powell—Myrna Ly “THE THIN MAN” TUXEDO "S* rk lick Powell Dolores Del Rio "WONDER BAR" Snn. Double Feature—Shirley Temple “BABY TAKE A BOW” Gary Cooper—Marion Davie# “OPERATOR 13” H.l, 2116 F..1 Plh S*. amilton JT bl ' F r' nrr Rich. Bni helmeeo “A MODERN HERO” “A MAN’S GAME" Sun. Double Feat ore—Fupe vej-• “HOLLYWOOD PARTY*’ .lame, Fagney-.loan Blondeit “HE WAS HER MAN” n New Jer. at E. WaaST Paramount no, : hu L .lark* Holt “WHIRLPOOL” “RAWHIDE ROMANCE” Sun. Dble. Feature—Katherine Hepburn “SPITFIRE” Keu Maynard “SMOKING GUNS” fi i bIS r n 293(1 K. IfMh St. FA K Tit Double Feature , oew : ' Frederick March DEATH TAKES A HOLIDAY” “THIRTY DAY PRINCESS” Sun. Double Feature loan HlondeH “SMARTY” Janet Gayoor-Charle, Farrell f “CHANGE OF HEART” # \/ / 2721 E. Washington V J X | Double Feature * spencer Tracy “SHANGAI MADNESS” "RENEGADES OF THE WEST” SCNDAV f lark Guhle-Claodette Colbert “IT HAPPENED ONE NIGHT” hiiiir.Tr Cartoon II II I 1590 Rooaarelt nollywood ,>0,,h1, ‘ •''■"•nr# • Jean Parker “LAZY RIVER” “MURDER in TRINIDAD” S " B - Double Feature— Francis Dee. “FINISHING SCHOOL” Gary Cooper-Marion Davie* "OPERATOR 13" SOUTH SIDE Fountain Square feature Mary A.tor RETURN OF THE TERROR” “EASY MILLIONS” Sun. Double Feature—Joe E. Brown “THE CIRCUS CLOWN” "vrner (Hand “CHARLIE CHAVS COURAGE” SANDERS Karloff-f.ngo*t “THE BLACK CAT” “IMPORTANT WITNESS” sun. Double Feature—Jack Oakle "MURDER AT THE VANITIES” Jimm.v Durante "HOLLYWOOD PARTY" O* 7 I MOS 1 8. Meridian r I e n t a Feature " Ul Hoot Gihaon “FIGHTING PARSON” “KEEP ’EM ROLLING” Sunday—Dick Powell “Twenty Million Sweethearts” AW A I e-v k i Proep.at ChorcbWn AVALON “CALL IT LUCK” “CIRCLE CANYON” Sun. Double Feature —Donald Cook “Most Precious Thing in Life” Richard Dix—lrene Dunne "STINGAREE” _ . GARFIELD “LITTLE MISS MARKER” “HELL BENT FOR LOVE” Sun. Double Feat lire—Gov Klhhee “MERRY WIVES OF RENO” 44 m. Powell —Myrna Isty “THE THIN MAN” WESTSIPE ... . . _ . W. Wash, at Belmont BELMONT 'T.l'ob.""* “THE PERSONALITY KID” “STRAIGHTAWAY” Suo. Double Feature—Jimmy Durante "STRICTLY DYNAMITE” Gen. Burn*-Graeie ilbn "MANY HAPPY RETURNS” S_ " _ ' 27o* 10th *. A T f* Double Feature ' /-V ' l. Ralph Bellamy “ONE IS GUILTY” “JAWS OF JUSTICE” Sun. Double Feature—Pat O'Brien “PERSONALITY KID” Mary Brian S9 “PEIVATE SCANDAL*