Indianapolis Times, Volume 46, Number 100, Indianapolis, Marion County, 5 September 1934 — Page 10

PAGE 10

Wall Street Complete Abandonment of Gold Standard Is Expected. BT RALPH HENDERSHOT Tim.. serial financial Writer FOR quite some time there has been ta2k of abandonment of the gold standard by the relatively few countries still using the yellow metal as an official backing for their currencies. Os late, however, the experts have appeared more certain that the development will take place. Recently George F. War-

ren. President Roosevelt's adviser on the gold policy, let it be known that he. too. was of that opinion. The prospects of abandonment appear so certain that the Street has begun seriously to raise the que sll on of

|i ’ t w >v

Hradrrshot

what is likely to happen afterward. It is asking whether such a development would be favorable or unfavorable to the markets and to business. Those who have given it the greatest amount of study are fairly well agreed that an international currency price war would be certain to follow such a development. They base this belief largely on the fact that lack of trade rather than lack of gold will constitute the greatest motivating force in the action. In order to place their goods in foreign markets each nation will cut prices by lowering the value of their currency. a a a THE United States has a big currency war chest in its so-called equalization fund. So has England. France could easily create one, as could mo6t of the other more powerful countries. If it comes to a free-for-all there is sound reasoning behind the belief that it will—it should be an excellent party. Each nation has become nationalist ically minded, and each would be obliged to backtrack considerably before a compromise could be reached. But it is maintained by many that this “war” can not be escaped. Stabilization of currencies, it is said, can not be brought about until the entire issue has been brought into the open and threshed out. And a sound economic recovery, it is argued, can not take place until currency stabilization has been effected. While the fight Is on, however, international trade is likely to suffer. Importers and exporters would be hampered if not actually prevented from doing business through their inability to determine from one day to the next what the various currencies would be worth in relation to one another. On each transaction they would stand to make either a big profit or to take a big loss due to fluctuations in currency values. The risks probably would be too great for many of them to take the chances. Moreover, bankers would be unlikely to extend credit under such trade conditions. a m a INTERNAL trade, on the other hand, might be stimulated. To the extent that currencies were depreciated in value a struggle of that sort would be inflationary. That probably would cause people to seek safety of capital in the ownership of commodities or other tangible property. The extent of the inflationary effects would depend, of course, on how vigorously each nation pursued its attack and on how astute each one proved to be in that sort of controversy. Authorities In the financial district say that stock and bonds would be likely to break rather sharply on news of such a development and then recover later on if and when it became apparent that ultimate stabilization would result or if inflation got under way.

N. Y. Coffee, Sugar Futures ■—Sept. 4 COFFEE —Santos— Hieh. Low. Close. March 11 05 10 98 10 98 Msr 1114 1101 1101 Julv 1104 1103 1103 September 11 00 10 99 10.90 December 10 99 10 94 10.94 January 808 March 8 11 8 10 8 11 Mar 8 19 Julr ... ••• 8 3i September ■_ 7.78 December 8 01 1 9S < 95 SUGAR Hieh. tow Close Januarr 190 1.89 189 March 193 191 1.91 Mtv 1 97 1 95 1 95 Julr . 201 198 1 98 September 1 85 1 82 1 84 December 1 94 1 90 1.91 In the Cotton Markets —Sept. 4 CHICAGO Huh. Low. Close. January IS 31 13 24 13 25 March 13 33 13 27 13 33 Mar 13 27 13 31 13 37 October 13 16 13 10 13 12 December ... 13 30 13 23 13 24 NEW YORK January 13 23 13 12 13.17 March 13 27 13 15 13 20 Mar IS S3 13 20 IS 24 Julr IS 38 13 28 13 SO October 13 09 13 97 12.99 December -. 13 20 13 07 13 14 NEW ORLEANS January 13 22 13 21 13 31 March 13 26 13 16 13 20 Mar 13 38 13 31 13 21 July IS 34 IS 28 13 28 October 13 11 IS OJ 13 03 December 13 20 13.10 13.12 Retail Coal Prices Phe lollowin* prices represent quotations from leadint Indianapolis coal dealers A 25-eent carmnq chart* per ton wUI be added DOSttSTIC RETAIL PRICES Anthracite . SU M) BrarU Lump 8.90 BrarU Err 890 BrarU Mine Run 8.38 Cose. Nut Sire 8-50 Coke, ru Sue 8 50 Indiana Forked Lump No. 4 and 8. 875 Indiana Err 8.7* Kentucky Lumpt Group “B" 7 15 Pocahontaa Lump 135 Pocahcntaa Erx 835 Pocahontaa Mine Run 0 New River Smokiest 81* $50,000 SUIT IS FILED Dtms((t Asked for Accident That Occurred In 1921. An accident that occurred in 1921 and cost Louis Lathrop his left leg was recalled in superior court one today when suit for $50,000 was instituted againt Ward B Hiner and Edward Phillips of Red Bail Transit Company. According to the complaint. Mr. Lathrop. then a lad of 7. was struck by a truck while leaving school near Seventeenth street and Broadway, confining him to a hospital more than lour years.

STOCKS SHOW FIRM TONE IN DULLSESSION Good Demand Carries Silver Shares Fractionally Higher. BY ELMER C. WALZER Initfd rmi Financial Editor NEW YORK. Sept. s—Stocks firmed slightly on the Stock Exchange today after more than a week of decline. Trading continued dull. * Silver issues were In demand. United States Smelting held at 137. up ‘a. and then rose to 138. Howe Sound firmed to 55 after opening unchanged at 54%. American Smelting rose to 37*i, up The whole list displayed a firmer tone without and sign of pickup in volume. Chrysler. Du Pont, United States Steel and a long list of others made small gains. Rails were better, with Union Pacific, Atchison, and New York Central fractionally above the previous close. Oils made small gains as did utilities. Steel common reached 33 %, up N; American Telephone 112, up l i; Du Pont 89 S. up *; General Motors 29N., up %; Westinghouse Electric 33up V and North American 14. up V Because of the Labor holiday the weekly business reviews and statistics including Iron Age, electricity and oil output figures, were held up until tomorrow. The dollar was steadier. Bonds eased with United States governments down again. Cotton futures regained half of yesterday’s losses. Money and Exchange INDIANAPOLIS STATEMENT —Sept. 5 Clearings *3,127.000 00 Debits 5,511.000.00 FOREIGN EXCHANGE By Abbot. Hoppin & Cos. —Sept. 4 Close. Sterling. England *5 01% Franc. Franc 0669% Lira. Italy 0871% Franc. Belgium 2382 Mark. Germany 3990 Guilder. Holland 6877 Peseta. Spain 13 08*4 Krone. Norway 2521 Krone. Denmark 2241 Treasury Statement ißy United Press) WASHINGTON. Sept. s.—Government expenses and receipts of the current fiscal year to Sept. l. compared with the corresponding period of the previous fiscal year: This Year. Last Year. Expensea . 1 988.631 316 80 *587,409.954 08 Receipts .. 514.593 092 82 352.782.126 44 Deficit . . 474 038 223 98 227.627.827.64 Cash Bal . 2.138.337 696 50 Investment Trust Shares Bv Abbott. Hoppin St Cos. —Sept. 4 Bid. Ask Am Bank Stocks Corp 95 1.00 Am Sc Gen Sec A 3 00 4.50 Am & Inv Tr Sh 1.75 .... Basic Industry Shares 2.80 .... British Type Inv Tr Sh 42 .48 Collateral Trustee Shares A 4.00 412 Corporate Trust Shares (old) 1 84 1.90 Corporate Trust Shares (new) 2.10 2.14 Cumulative Trust Shares 358 3.66 Diversified Trust Shares A 625 Diversified Trust Shares B. 700 7.25 Diversified Trust Shares C 2.76 288 Diversified Trust Shares D 4.25 4.37 First Insurance Stock Corp . 4.50 4.87 First Common Stock Corp .. .51 .54 Fixed Trust Oil Shares A . 7.12 .... Fixed Trust Otl Shares B . 612 . Fundamental Inv Ins 1.80 1.97 Incorporators Investments... 16.25 16.50 Land Bank Bond Shares .. 1.12 1.25 Low Priced Trust Shares.. 5.00 5.12 Mass Inv Trust Shares..... 18.04 19 61 Nation Wide Securities ... 2.98 3.04 North Am Trust Shares (531 1.75 North Am Trust Sh (55-56) 2.13 2.17 North Am Trust Shares <SB) 2.14 2.18 Selected American Shares . 2.32 .... Selected Am Shares Inc .... 1.05 1.14 Selected Cummulative Shares 6.14 .... Selected Income Shares .... 3.21 Std Am Trust Shares A.... 270 2.75 Trust Shs of America 2 63 2.70 Trustee Std Oil A 525 5.37 Trustee Std Oil B 4.70 4 90 U S Elec Lt Sc Pwr A ... 1100 11.37 Universal Trust Shares 2.72 2.78 New York Bank Stocks (By Abbott. Hoppin Sc Cos.) —Sept. 4 Bid. Ask. Bankers 53% 54Va Brooklyn Trust 84 87 Central Hanover 116% in 3 * Chase National 23' 2 237 e Chemical 38% 39 National City 20% 21% Corn Exchange 45 45% Continental 12 12% Empire 17% 18'a First National 1.485 1.500 Guaranty 306 309 Irving 14% 15% Manhattan Sc Cos 27 27% Manufactures 18% 19' New York Trust 93% 94% Public 29 29% Daily Price Index NEW YORK. Sept. 4—Dun Sc Bradstree's daily weighted price index of thirty basic commodities compiled for the United Press: (1930-1932 Average 100). Today 118.85 Friday 120.46 Week Ago 120.02 Month Ago 115.92 Year Ago (Sept. 5) 100 60 1934 High 1 Aug. 29) 120 95 1934 Low (Jan. 3i 10105 Copyright. '34. bv Dun Sc Bradstreet. Inc. INSURANCE FIRM HAS ANNIVERSARY TODAY Indiana State Life Cos. Founded Forty Years Ago. Fortieth anniversary of the founding of the State Life Insurance Company was celebrated today. The company was founded Sept 5. 1894. by Andrew Sweeney, father of Robert E. Sweeney, the present president. The elder Mr. Sweeney was president of the company the first thirteen years of its existence. Following his retirement in 1907. Henry W. Bennett became president. Mr. Bennett was succeeded in 1929 by Charles F. Coffin, who retired in 1932. The State Life Insurance Company is the oldest legal reserve company in the state. It has grown from $58,000 in assets and $7,000,000 in insurance in force which it had the third year of its existence, to more than $50.000 000 in assets and $200,000,000 in insurance in force. RETAIL SALES GAIN, MAY BEAT 1933 MARK Increase Probable Over Last Year, Depression's Worst By Timet Special NEW YORK. Sept. 5. - Retail sales this year probably will show an increase over the total reported n 1933. experts believe. If improvement is shown in the last six months to the same extent as was recorded the first half of this 7 -ar. total retail sales in th' United States w ’ amount to —tely $29,564,000,000 it is estimated. This would represent an increase of 16.3 per cent over the 1933 figure, but a decrease of 39.8 par cent from that of 1929. Total value of retail sales during 1933 amounted to $25,414,000,000, the lowest level during the depression. representing a decrease of 47.7 per cent • sales during 1929.

New York Stocks ■■ ctv Abbott tioppio A CO ———

AVERAGE STOCK PRICES FOR TUESDAY Net High. Low. Close, change. Thirty industrials 92.59 91.79 92.30 —-34 Twenty rails 36.00 35.53 25.87 —.20 Twenty utilities 20.45 20.22 20.30 —.lB Forty bonds •••• 92.63 —.15 Ten first rails •••• 99.92 —.07 Ten second rails •••• 75.21 —.44 Ten utilities •••• 98.62 -.05 Ten industrials •••• 96.77 .13 -Up. -Off. •Wbers quotation! ora not riven, there boa been no trading In thoae taanea.

—Sept 5 Prev. Oil*— High. Low. 10 00. close : Amerada ... 47% 47* 2 Ml Rg 24'a Barnsdall 6 3 Consol Otl ... B'a 3% : Com of Del 18 Mid Com Pet 12 11% ! Ohio Oil 10*4 10*• 1 Phillip* Pet 16'. Plymouth Oil 9*. Pure Oil 7% Sbd OH 26 Shell Un 7 7 Skelley Oil 7% Soe Vac 14% 14'. 8 O ol Cal 34 1 . S O of Ind 27 28% 8 O Os N J 44'4 44*4 : Sun Oil 63 : 4 68*4 68\ 68 Texas Corp 23% i Tidewater Assn 10*< ! Un OU of Cal 15*. ; Steels— Am Roll Mills .. 17*. 17 1784 ••• Beth Steel 23% 29*4 23% 29*4 Bvers AM 17 Inland Bteel 39 McKeesport Tin 85 * 4 Mid Steel 8 3 . Natl Steel 40’. Otis Steel 4*4 Rep Iron & Steel 13% 13% 13*4 13% Rep Ir Sc St pfd 47% U S Pipe Sc Fdv 18% U S Steel .. 33% 33% 33% 33% U 6 Steel pfd 76% Warren Bros Youngst n S Sc T 16% Motors--Auburn ... 22% 22*4 Chrysler 33% 33*4 33 % 33 Gen Motors A ... 29% Gen Mot pfd... 10*4 Graham oMt 29% 29% 29% 1% Hudson 8 8 Hupp 2% 2% Mack Truck 1 24*4 Nash 14 Packard 3% 33% 3% Studebaker 3'/. Motor Access— Bendix 42*4 12% Bohn Alum , 52 52 Borg Warner 21 Briggs 16*4 10 Eaton Mfg 14% Elec Auto Lite.. 23% 22 23*4 21% Houdaille "A” 5% 4 Murrav Body 5 Stew Warner 6*4 Timken Roll 30 Timken Det Axel 6% Mining— Alaska Jun .... 19 18% 19 18% Am Metals . ... 17% Am Smelt 38 37% 38 37 Anaconda 12 11% Cal St Hecla . . 3% Cerro De Pasco 40% 40*4 40% 39% Dome Mines 45 44% Granby 7% Gt Nor Ore 11% Howe Sound ... 55% 54% 55% 54% Int Nickel 25 24% 25 24% Kennecott Cop . . 19% 19 Mclntvre Mine 48% 48 48% 48 Noranda Cop .. 43% 43 43% 43 Park Utah 3*4 Phelps Dodge 15*4 St Joe Lead 17% 17% U S Smelters .138% 137 138 3 /4 136% Vanadium 18 Amusements— Croslev Radio... .. ... 5% ... Fox Thea 10% Loews Inc ... 27% Radio Corp ... .. 5% RKO 2% 2% Warner Bros 4*4 4% Tobaccos— Am Snuff 62% ... Am Tob A 73% Am Tob “B” 76 76 Ligg & Myers B 97% 97% 97% ... Lorillard 17% Reynolds Tob B 46% Rails— Atchison 51 50*4 B& O 16 15% 16 15% Cin Pac 13% 13% Ch & Ohio ’ ... 43% Chi Sc Gt W pfd 4% C M Sc St P 3% 3% C M Sc St P pfd 5% 5% Chi N W 6% Dela & Hud 40 Del Lac Sc W 16% Grt. North pfd 15 14% 15 14% 111 Central 16% 16% K C Sou 8 Lehigh Valley 11% M K Sc T 6% M K Sc T pfd 15% Mo Pac pfd 3% .4 Y Cent 22 21** N Y New Haven 10 10 N Y Ont & West 172 ... Nor Pac 17% Penn R R 23% 23% Sou Pac 18% If Sou R R 16 15% 18 15% Union Pac 98% 98% 98% 97% Equipments— Allis Chalmers 13% Am Car & Fdy 16% 16% Am C Sc F pfd 36% Am Loco 18% *7-2 Bald Loco 7 7 /a <% Burroughs 12 12 Case J I 40 Cater Tract 26% Deere & Cos 16 V* Elec Stor Bat 37% • Gen Am Tk Car- , 33% Gen Elec ... 18% 18% Ingsol Rand ‘• • • 56 Int Harvester . 26% 26% 26% 26% Natl Cash Reg 14% Pullman Inc 42% 42 Rem Rand 8% 8% Und Elliot „ West Air B 19% 18% Westingh Elec 33% 33V* Utilities— Am Sc For Pwr. 6% 6*4 6% 6% Am Pwr Sc Lit 5 5% AT&T 112 111% Am Wat Wks 16% Col Gas Sc Elec 9 9 Com Sc Sou 1% 1% Consol Gas 27% 2i% Elec Pwr & Lit 4% Int T & T 9% 9% Nat Pwr Sc Lit J'/e North Amer 14% 13% Pac G & E 15% Postal Tel pfd 14*2 Pub Serv N J 32% So Cal Edison 13 13 Std Gas 7% Stone St Webster 6% United Corp 4 Un Gas Imp 14% 14% Ut Pwr St Lit A ■ • • • 2 Western Union. 36 35% 36 35% Rubbers— Firestone ••• 14% Goodrich 10% 10 Goodyear 22% 22 22% 21% U S Rubber ... 16% 16*4 16% 16% U S Rubber pfd 38*2 38 38% 3<% Miscellaneous— Am Can , 97 Brklvn Man Tr 42% 42% Conti Can 81 Curtis Pub 18% Gillette 11% Olidden 24*4 24% 24% 24% Inter Rapid Tr 13% 13% 13% 13% Ravbestos Mfg 17% .. - Foods — Armour A 6V4 6% Beatrice Cream 19 18% Borden Prod ... , 25% 25% Cal Packing •• 42% 41% 42% 42 Canada Drv G A 16 16 Coca Cola 133% Cont Bak “A” 7 Corn Prod .. 61% 60% 61 60% Crm of Wheat 32% Cuban Am Sugar _*% Gen Foods 30 30 Gold Dust 18% G W Sugar • 30% Natl Biscuit • 32% 32% Natl D Prod ... 17% 17 17 17 Purity Bak 3 S Porto Rico Sug ••• 31% 31% Std Brands 19*4 19% 19*4 19% Un Biscuit 23% United Fruit 72% Wriglev 64% Retail Stores— Asso Drv Goods 10 Best Sc Cos 32 First Natl Stores 62 % Gimbel Bros 3% Gr Un Tea . 5% 5 Hahn Dept Sts 4% Jewel Tea }7% Kresge S S 17% Kroger Groc . 29*4 28% 28*4 28% Marshall Fields 10% Mont Ward • 24% 24% 24% 24% Natl Tea 10% Penny J C 57 4 Safeway St .... 45*2 45 Sears Roebuck -• 38* 4 38 38% 37% Woolworth 48% 48 Aviation— , Aviation Corp 4% 4*4 Curtiss Wright 2% 2% Curtiss Wr A••• <j Douglas Air 1 2 Nor Am Av 3% Rnffrv Corp •• * 8 7 • United Aircraft 14% 14% 14% 14% Chemicals — Air Reduction 98 Allied Chem 730 Col Carbon ■ - 66% Cora Solvents .. 20% 20% 20% 20% Dupont • .... 89*4 89% 89% 89% Freeport Tex 29% Liquid Carb 23 Math Alkali ... ... 27% Natl Dis mew). 21% 21*4 21% 20% Schenlev Dist .22 21% 22 21% Tex Gulf Sulph 35% 35 35% 34% Union Carbiee 42% U S Ind Alcohol 39 Virg Ch 61 nfd I*% Drag*— Cotv Inc , 5% Zenite Prod 4 Financial — Adams Exp 7% 7% Allegheny Corp 2 2 Are Int Corp ® * Chesa Corn % Lehman Corp 5% Transamerlca *% Building— Am Radiator ... 13% 13% 13% 13 J nvi 11 e 46% 46% 46% 46S LIMA Owens Gls 1% Ot# Bev 14% men Const 1% HouseholdCol Pal Peet ... .. ... ... 14% Congoieum •• ••• >7%

THE INDIANAPOLIS TIMES

Keivlnator Mohawk Carpet 14% Proc Sc Gamble 38 . Simmons Bed 9-2 Textiles— Amer Woolen 8% Beiding Hem ... ••• 11% Celanese Corp . 21 20 21 19% Collins Aikman 12 Indus Rayon ••• 22% Kayser Julius 14% New York Curb (By Abbott. Hoppin Sc Cos.) —Sept. 4 Close Close Allied Mills ... 6% Humble Oil .. 42% Alum Cos of Am 55*4 Imperial O Ltd 15V* Am Cyanide B 17% Hud Bay Min . 14% Am Gas Sc El 22* 2 Int Petrol • 28% Am Superpower 1% Lake Shore Min 57% Asso Gas & El. . Libby McN Libby 7% Atlas Corp 9% Lone Star Gas . 4% Can Indu Ale A 8% Mt Producers .. 4% Can Marc 1% Natl Bellas Hess 2% Cities Serv .... 2 Newmont Min.. 45% Commonw’lth E 46% Nia Hud Pwr .. 4% Cord Corp 4 Pan Am Airways 35% Creole Petrol... 13* Penn Road 2 Deere <k Cos ... 16% St Regis Paper 2% Distillers Corp 15% Sal Crk Prod... 6 Dow Chem . ... 73 3 * She r win Wms .. 70 El Bd Sc Share 10% Std of Kv 15*4 Fisk Rubber 8% Technicolor Ind. 12% Ford of Europe 8% Teck Hughes Gd 6% Gen Aviation . 3%Un Gas 2% Glen Alden C.. 18% Un Pwr Sc Lt A 1% Gold Seal Elec 2%Wri,Harg Min.. 9%

Chicago Stocks Bv Abbott. Hoppin <St Cos. ——

—Sept. 5 High. Low. 11:30. Borg-Warner 21% 21 21% Butler Bros 8% B*/a 8% Chicago Corp Com 2 Chicago Corp pfd 25% Cities Service 1% Marshall Field Sc Cos 11 General House Util 8 7 /a Libby-McNeil 8 7 7 /a 8 Prima Cos 3% Swift & Cos 19*4 18 7 /s 19 V* Swift International ... 39% 39% 39*4 Utah Radio .. ••• %

Bond Prices (By Fenner & Beane) ~“

—Sept. 5 High. Low. 10:30. Am&For Pwr 5s 2030 . .. ... 50% AT&T db 5s ’65 109 Atchison een 4s '95 ... 101% B&O cv 41 2 s ’6O 47% 57 57% Can Pac 4s '57 ... 74% ChMStP&P ad 5s A 2000 9*4 9 9% ChMStP&P rs 5S A '75 29% 29 29% Erie RR rs 5s '67.... 67*4 67 67 Goodyear 5s '57 100% 100 100% Gt Nor 4%S D '76 69' 4 Gt Nor 7s A '36 88% Interboro RT 5s '66 . •• ... 73% Int T&T db 5s '55. . 58% 58% 58% McKess&Rabb 5%s 'SO 62% Nat Dairy db 5%s '4B . 98% 98% 98% NY Cent 5s O 2013.. 66 65% 66 Nor Am 5s '6l 85% 85% 85% PacGas&El 5s A '42 105% 105% 105% Para Pub 5%s 'SO 47 Penn RR 4%s D 'Bl ••• 95% Poland 7s '47 124 123% 124 Texas Corp 5s ’44 102% Un Pac Ist 4s ’47 106% ■US Rubber 5s A ’47 86% 86% 86% Vanadium 5s ’4l 85% Ygstwn S&T 5s B ’7O 85 U. S. GOVERNMENT BONDS (By United Press) NEW YORK. Sept. 4 -Closing Liberty Bonds. (Decimals represent 32nds). Liberty. 3*is (32-471 102.31 First 4%s (32-47) 103.2 Fourth 4%s (33-38) 103.21 Treasury 4%5-3%s (45) 101.20 4%s (47-52) 112 3%S (43-47) 102.23 3%s (41-43) March 103.2 3%s (40-43) Jnue 103 3%s (43) 102.25 3*/*s (46-49) 100.20 3s (51-55) 99.26 FEDERAL FARM LOAN BONDS (By Blyth & Cos.. Inc.) —Sept. 4 4s July 1. 1944-46 98 98% 4s Nov. 1, 1957-37 97% 98 4s May 1. 1958-38 97% 98 4%s July 1. 1956-36 98 98% 4%s Jan. 1. 1957-37 98 98% 4%s May 1. 1957-37 98 98% 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%s Jan. 1. 1953-33 98 98% 4%S July 1. 1953-33 98 98% 4%s Jan. 1. 1955-35 98 98% 4%s Jan. 1. 1956-36 98% 99% 5s May 1. 1941-31 100% 100% 5s Nov. 1. 1941-31 100*4 100% —Home Loan--38 May 1964-44 97.30 98.04 4s July 1. 1951 97.30 98.04 —Federal Farm Mortgage Corporation—--3%s March 15. 1964-44 9% 100% On Commission Row —Sept. 5 Quotations below are average retail prices being offered to buyers by local commission house dealers. Peaches —Michigan. Elbertas. bushel, $2.25. Plums—Michigan, large blue, bushel, $2.25; Damsons, bushel, $2. Pears—Michigan Bartletts. bushel. $2.25; Clapps favorite. $2. Lemons—Sunkist, $5.50. Grapes—California -seedless, crate. $1.25. Grapefruit—California seedless. $4.25. Watermelons—2sc. Bananas—Pound, sc. —Vegetables— Endie—Ohio. 2 doz.. basket. 85c. Sweet Corn—Home grown, doz., 20c. Cabbage—Northern. 50-lb. bag. 85c. Celery—Michigan medium, dozen. 45c: Jumbo, 65c; doz.. 45c. Onions Washington sweet Spanish large. 50-lb. bag $1.65: Michigan yellow. $1.40; western whites. $2. Pickling Onions —10-lb. bag. 75c. Potatoes—Eastern Cobblers. 100-lb. bag. 51.75; Wisconsin round white. 100-lb. bag, $1 65: Idaho russets. [email protected]. Sweet Potatoes —Eastern Yellow Jerseys, bushel. $1.65. Beans—Round stringless, bushel. $1.25: home-grown Kentucky Wonders, sl. 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. Cucumbers—Home grown, bu.. sl. Egg Plant—Home grown, doz., sl. Peas—Hamper. $2.25. Peppers—Home grown, bu.. $1.25. Radishes —Basket of 2 doz.. 85c. Spinach—Home grown. New Zealand, bu.. 65c: Broadleaf. bu.. $1.25. Tomatoes —Outdoor, basket. 50c: bu.. $1.50. FRUITS AND VEGETABLES (Bv United Press) CHICAGO- Sept. s.—Apples—Michigan Wealthies. bu . 2% inch, $1.40111.50. Tomatoes—Michigan, 12 qt. baskets, $1.30® 1.60. Sweet Potatoes—Tennessee, bu.. $1.15 @135 Peaches—Michigan, bu.. [email protected]. Lettuce—California, crates, $4®4.50; Ohio, baskets, leaf. 50c. Beans—New Jersey, green, bu., [email protected]. Cabbage—Wisconsin. crates. [email protected]. ' Corn —Illinois, sacks. 40@60c. Carrots—lllinois, bunches. 2%@3c. Peppers—lllinois. bu.. 75c@$l. Eggplants—fllinois, bu., 40c. Celery—Michigan. crates. 50@65c. flats. Cauliflower — Western, crates, $1 [email protected]. Onion market (50-lb. sacks). Washington yellows, sl® 1.10: Michigan vellows, 80S90c; Idaho whites. $1 2591-35. Other Livestock (By Special) LOUISVILLE, Sept. s—Cattle—Receipts. 200. supply light; quality plain; demand fair; market slow and about steady with Tuesday’s decline; bulk common to medium grade steers and heifers mostly s3® 4.50; some cutter kinds down to around $2.75; better finished steers and heifers quotable from $5 to $6 25 for good grades; bulk beef cows. $2.50@3; better kinds to $3 50 and above for heifer types: low cutters and cutters mostly sl@2 25; sausage bulls scarce and quotable mostly from $2.50<83: most desirable Hereford Stockers. depending weight and quality: common to medium natives mostly $2.50® 3 50. Calves—Receipts. 300: vealers mostly steady under strict sort; bulk better grades. $606 50; few strictly choice handyweights. $7; medium and lower grade vealers. $5.50 down; grass calves mostly $4 50 down Hogs—Receipts. 600: 10c lower: top and bulk desirable 185-275 lbs. weights. $7.40: 230 lbs , $6 95: 1 360-180 lbs . $6.70; 140-155 lbs . $6 20: 120-135 lbs.. $4 70: sows, *5 20 grassv and unfinished hpgs subject to a discount. Sheep—Receipts. SGO: supply light: Quality plain: demand fairly dependable and market generally steady; most medium to good lambs. $69 6 25; choice kinds to $6 50: strictly choice strongweights absent and eligible higher: bucks discounted and most throwouts, $3 50 down, fat ewes mostly *192: stock ewes, s6® 7 50 a head: choice to *B. Plumbing Permits Mathew-Wurr. 2308 Langley, two fixtures. Albert Hell. 2970 Sherman, three flxTom Mulrey. 3744 Spring Hollow drive, eight fixtures. Paul Lmn, 2446 North New Jersey, two fixtures.

SWINE MARKET HOLDS STEADY; RECEIPTS LIGHT Cattle, Lambs Stationary; Vealers Mostly 50 Cents Lower. Despite a sharp decrease in receipts at the local stockyards today porker prices failed to show any change from yesterday's session. The majority of all classes remained fully steady. Receipts estimated at 4.000 compared with 8.000 yesterday. The bulk. 160 to 200 pounds, was selling at $7.40 to $7.50. Heavy weights from 200 to 250 pounds, brought $7.50 to $7.55, while 250 to 325 pounders sold at $7.25 to $7.45. Few classes held at $7.60. In the lightweight division, porkers weighing 140 to 160 pounds, cashed in at $6.50 to $6.75. u'hile 120 to 140 pounds, brought $5.75 to $6.25. Extremely small kinds, weighing 100 to 120 pounds, held at $5 to $5.50. Packing sows sold at $6 to $6.25. Holdovers numbered 1,627. Trading developed slow in the cattle market and practically all grades remained unchanged. Two loads of choice steers brought $10.25, while the general run held around $lO. Other classes of steers and all she stock were weak to slightly lower than yesterday's average. Choice heifers held above $7.50. Bulk to sell under $6.50. Cows sold at $2.75 to $4. Low cutters and cutters brought $1.50 to $2.75. Receipts were 2,800, including 800 government cattle. Weak undertone was displayed in the veal market and prices were steady to 50 cents lower. Bulk sold at $7 down. Few choice grades held at $7.50. Receipts were 1,900, including 1,000 government calves. Lamb values were steady to slightly lower, with ewe and wether grades ranging from $6.50 to $6.75. Few were quoted at $7. Bucks were discounted sl, while throwouts sold at $4 to $5.50. Slaughter ewes brought $1.50 to $2.50. Receipts numbered 1,700. Early talking on hogs at Chicago was around 15 cents lower than yesterday with no bids evident. Receipts were estimated at 15,000, including 3,000 directs; holdovers, 3,000. Cattle receipts, 13,500, including 500 government; veals, 2,200, including 200 government; market, steady. Sheep receipts were 13,000; market, unchanged. Aug. Bulk. Tod. Receipts. 29. $7.75@ 7.85 SB.OO 5,000 30. 7.65® 7.75 7.90 5.000 31. 7.75® 7.65 7.75 6,500 Sept. 1. 7.55® 7.65 7.75 2.000 4. 7.25® 7.55 7.55 8.000 5. 7.40® 7.50 7.60 4.000 foarket, Steady (140-160) Good and choice....* 6.50® 7.4# —Light Weights—-(l6o-180) Good and choice.... 7.40® 7.50 1180-200) Good and choice ■•. 7.45® 7.55 —Medium Weights—-(2oo-220) Good and choice.... 7.50® 7.60 (220-250) Good and choice ... 7.50® 7.60 —Heavy Weights—-(2so-290) Good and choice.... 7.35® 7.50 (290-350) Good and choice ... 7.15® 7.35 —Packing Sows—-(27s-350) Good 6.50@ 6.75 (350-425) Good 6.35® 6.65 (425-550) Good 6.25® 6.50 (275-550) Medium 6.00® 6.35 —Slaughter Pigs—-(loo-130) Good and choice 5.00® 6.00 CATTLE Receipts, 2,800; Market, Steady —Steers—-(sso-900) Choice $ 7.00® 8.50 Good 6.00® 7.75 Medium 4.50® 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 (750-900) Good and choice ... 5.75® 7.75 Common and medium 3.00® 5.75 —Cows— Good 3.75® S.OO Common and medium 2.75® 3.75 Low cutter and cutter 1.50® 6.75 —Bulls—(Yearlings excluded) Good 3.25® 3.75 Common and medium 2.25® 3.25 VEALERS Receipts, 1,900; Market, Lower Good and choice $ 6.50® 7.50 Medium 4.50® 6.50 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® 5.60 Common and medium 3.00® 4 50 (800-1.050) Good and choice.. 4.50® 6.50 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® 8.25 Common and medium 2.25® 3.00 SHEEP AND LAMBS Receipts, 1,700: 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 L2s® 2.00

Other Livestock (By United Press) CHICAGO, Sept. 5. Hogs Receipts, 15,000, including 3.000 directs; market, slow, mostly 15c lower than Tuesday; 200290 lbs., $7.5007.60: practical top, $7.60; only small lots, $7.65; 140-190 lbs.. $6.50® 7.50; pigs. s4@6: packing sows. $6.65®6.90; light lights, 140-160 lbs., good and choiche, $6.25® 7 25; light weight. 160-200 lbs., good and choice, [email protected]; medium weights. 200250 lbs., good and choice. *[email protected]; heavy weights, 250-350 lbs., good and choice, *7.3507.60: packing sows, 275-550 lbs., medium and choice, *607; slaughter pigs, 100-130 lbs., good and choice, $506.25. Cattle—Receipts. 13,000 commercial, 500 government. Calves—Receipts, 2,000 commercial, 200 government: excessive supply of fat steers here; edge off market on strictly choice kind due to abridged shipper demand: all others. 15@25c lower on top of similar downturn Tuesday; general market, very slow, except on light heifer and mixed yearlings, this class steady: beef cows, weak to 25c lower; cutters weak: bulls strong: vealers fully steady; better grade fat steers. *8 50 upward. lower grades. sß@s: early top. $lO 60: slaughter cattle and vealers: steers 550-900 lbs., good and choice, $6.25® 9.25: 900-1,100 lbs., good and choice, $6.50® 10; 100-1,300 lbs., good and choice. *7® 10.75; 1.300-1.500 lbs., good and choice, $7,750 10.80; 550-1.300 lbs., common and medium. $3.2507.50; heifers. 550-750 lbs., good and choice. $608.25; common and medium, $3 50 0 6 25; cows, good. *406: common and medium, $2.75® 4 50; low cutter and oaitter. *1.75 0 2.75: bulls, yearlings excluder. good. beef. *3®3.75; cutter, common and medium. $2.500 3.60; vealers. good and choice. $6 50 @8; medium. $4 5006.50; cull and common. *3.50 0 4.30; Stocker and feeder cattle; stockers. 5501.050 lbs., good and choice. *4 500 5.50; common and medium. *3O 4.50. Sheep—Receipts. J 3.000; fat lambs, slow: scattered sales B°d indication. 1 , fully steady to strong; generally asking higher; toppy native lambs upward to $7; best held higher: larger interests talking under *6.<5; sheep steady; feeding i.imbs. weak to 25c lower; bulk. *5.75 downward; slaughter sheep and lambs: common and medium. *506 50: ewes. 90150 lbs., good and choice. $1.75 0 2 85: all weights, common and medium. *1.50 0 2.25; feeding lambs, 50-75 lbs., good and choice. *5 35@6. FT WAYNE. Sept s—Hogs—Steady to 5 cents lower; 250-300 lbs.. $7 50: 200250 lbs.. *7 36. 180-V-200 ibs . *7.25; 160180 lbs.. *7 10; 300-350 lbs. $7.25; 150-160 ibs . $6 60: 140-150 lbs *6 35: 130-140 lbs.. $6 10: 120-130 lbs *5 85: 100-120 lbs.. *5 20: roughs. *6; stags. *3.75. Calves. 87; lambs. $6.50. LAFAYETTE. Bept. s—Market steady; 200-250 lbs . *7.2507 45 250-325 lbs *7® 7 30: 170-200 lbs *7 250 7 35: 150-170 lbs . *6 500 7 15: 130-150 lbs. *69 8 25: 120-130 lbs *5.50 9 5 75: 100-120 lbs. *4 750525. roughs. 16.50 down: top calves. $6; lambs, steady, yearlings, *5; springs. IS.

U. S. Expected to Clamp Down on Stock Traders

Commission Plans to Curb Boom-Time Practices on Exchange. BY RICHARD L. GRIDLEY United Pres* Staff Correspondent WASHINGTON, Sept. 5. The halter which the government has been weaving for use on those who use inside information on stocks to manipulate prices will be tightened this week. The securities and exchange commission plans to issue ~SW regula-i tions that will make an end to the boom-time practices whereby favored speculators profited at the expense of the public. The wiles of the inside traders have been marked by their absence in Wall Street lately but federal officers have no hope that conditions will stay this way indefinitely without specific regula*' — as to what may be and what not. The commission plans to define just how market traders a'nd brokers can engage in short selling of stocks, a practice believed by :e to be one of the most important forms of market manipulation. Ferdinand Pecora, securities commissioner. and chief inquisitor of the senate, banking and currency committee, has had charge of devising the rules. '"■-•'unties officials will nc say just what these rules might be but it was indicated that short selling will be permitted only when not done for manipulative purposes. Such manipulation already is banned by the New York Stock Exchange. The government also has discouraged short selling by a special tax. Moreover, securities officials have records of the New York Stock Exchange showing only a small short interest on the market shares on July 31—approximately a full day’s Stock Exchange *■ —'over. On other matters of manipulation, it is strongly hinted, the federal authorities will take a firm hand. Under the securities exchange act of 1934 the following practices are banned and violators are liable for damages by the public: , i—“ Wash sales” or ficticious sales among a single group to give any appearance of activity in a stock. 2 Raising or lowering the price of a security for the purpose of inducing the purchase or sale of it by others. 3 Circulation of information in connection with the sale or purchase of a security that operations in the market will cause that security to rise or fall. 4 Misleading or false 's for the purpose of inducing the purchase or sale of a security. 5 “Pegging,” fixing or stabilizing the price of a security in contra-

Marriage Licenses Andrew Hubert. 31. of 709 Park avenue knitter, and Fern Anderson. 23, of 4928 Hillside avenue, hosiery. Erasmus Thomas, 75, Danville, farmer and minister, and Anna Bowen. 65, Clermont, housekeeper. Herbert Shields, 48. Indianapolis salesman, and Amy Dyer, 39, of 667 East Twenty-first street, clerk. Roy Ellis, 21, of 1212 South Senate avenue, box maker, and Helen Conn, 19, of 1254 Madison avenue, housekeeper. Charles Rhodes, 22. of 226 Winter avenue. stone mason, and Kathryn Clark. 20, of 2418 Brookside parkway, stenographer. Edward Smith, 66, of 119 East Ohio street, custodian, and Zetta Crofton. 53, of 114% East Ohio street, housekeeper. Harley Hartzell, 52. Anderson, contractor, and Lizzie Davis, 42. of 1711 College avenue, cook. William Campbell, 25, Louisville, Ky., grocer, and Opal Dalhey. 24, of 415 East Twelfth street, housekeeper. Maurice Metzger. 26, of 1435 English avenue, switch tender, and Evaline Eaglen, 25, of 526 North Tibbs avenue, packer. Charles Luckett, 53, Ft. Benjamin Harrison, soldier, and Amy Evans, 33, of 400 North Meridian street, housekeeper. McKinn Stropes, 23, of 2507 Broadway, attendant, ana Elizabeth Fulmer, 18, of 609 East Fifty-fourth street, housekeeper. Leonard Smith, 21. of 2390 Hillside avenue, interior decorator, and Lois Garner, 18, of 2519 Manlove avenue, housekeeper. Hans Schulze, 30, of 626 West Forty-first street, chemist and Martha Pettijohn, 29, of 2366 Park avenue, housekeeper. Harris Neese, 36, of 1321 North Pennsylvania street, barber, and Mary Pyles. 23, of 20 East Twenty-second street, housekeeper. Otto Hubbard. 31. of 430 Massachusetts avenue, watchmaker, and Elizabeth Ponelis, 35, of 420 Massachusetts avenue, bookkeeper. Maxwell Adams. 34, Highland park, watchmaker, and Ruby Quinn, 22, Plaza hotel, housekeeper. Dee Walker. 23. R. R. 1, Box 443. press operator, and Charlotte Richey, 23. of 1006 East Morgan street, operator. Louis Harvie, 21. of 47 South Summit street, laborer, and Isabelle Roysdon, 19, of 1323 Hoyt avenue, housekeeper. Criscanzo Scarfone, 28, of 149 lota street, barber, and Catherine Straffa, 25, of 3939 Central avenue, store manager. Thomas Smith. 24, of 1115 West New York street, laborer, and Bessie Stowers, 21. of 543 Birch avenue, housekeeper. John Masters. 23, of lioß East New York street, driver, and Kathryn Summers, 17, of IMJ4 East New York street, housekeeper. Gerald Jpnes, 23, of R. R. 7. Box 325, saw maker, and Ruth Surtzer, 24, of 2724 Shelby street, bag factory. Ben Brown. 34. of 1952 Columbia avenue, laundry, and Effie Sanders, 34, of 1610 Bundy Place, operator. Bert Hudson, 39. of 1717 Walnut street, Newalburv. steel worker, and Elsie Taylor, 39, of 306 East New York street, housek66P6T Dewaine Koon, 25. of 1214 Scotland avenue, salesman, and Rose Wilkin. 25. of 2350 North Gale street, nurse. Hanzel Davis. 27, of 235 South Rural street, knitter, and Bessie Watson, 21. of 2132 North Talbot street, housekeeper. Francis Ballenger. 35. of 522 South Missouri street, creamery, and Cora Wellman, 38. of 1317 West Pruitt street, operator. Lloyd Batchelor. 26. of 219 North Walcott street, machinist- and Ilorene Wininger. 21, of 109 North Colorado street, housekeeper. , Donald Brown. 21, of 924 West Thirtysecond street, silk worker, and Frances Wise. 19. of 853 Roache street, clerk. Charles Harting. 72. New Palestine farmer, and Neomia Gasko. 59, of 119 South Kitley street, housekeeper. Kenneth Hawkins. 23. of 1001 College avenue, deliverv man. and Dorothea Hancock. 21, of 1821 Nowland avenue, housekeeper. John Hail. 35. of 1314 Edgemont avenue, engineer, and Agnes Hall, 35, of 2041 Park avenue, housekeeper. John Mlchener. 25, of 2246 North Alabama street, student, and Dorothy Jackson. 24. of 1001 West Thirty-third street, stenographer. Legare Boswell. 49. of 125 Douglass street, inspector, and Estella Johnson, 34, Atlanta, Ga.. maid. Norris Knight. 19, of 430 Massachusetts avenue, laborer, and Eva Kemp. 18. of 2817 Boyd avenue, housekeeper. Joseph Dummick. 22.Vf 1411 South Richland avenue, butcher and Frances Kephart. 25 of 1444 Hiatt street, stenographer. Weslev Revnolds. 23. of 3127 North Sherman drive, weaver, and Ethyl Lewis, 27, Os 834 North East street, weaver. William Phillips. 22, of 5801 East Twen-tv-first street, baker and Charlotte Land. 19. of 902 Broadway, seamer. _ Charles Sanders. 46. of 5344 Carrollton avenue, salesman, and Ruth McGee. 38. of 3450 Guilford avenue, housekeeper. Frank Stratman. 22. of 940 North Grant street, clerk, and Mary Nolting. 18. of 55 South Bradlev street, housekeeper. Norman Coplan. 31 of 2210 College avenue. salesman, and Helen Newby. 25, ol 2139 College avenue, stenographer. Crude Oil Production Drops By Timet Special NEW YORK. Sept. s.—California crude oil output during the week ending Aug. 31 averaged 460,500 barrels daily, it was reported today. Compared with the daily average of the previous week totaling 496,500 barrels, the net daily prodution fell off 36,000 barrels. Six New Police Cars Sought Purchase of six new De Soto stream-lined sedans for the police department at a total cost of $7,562 was recommended to the safety board today by Chief Mike Morrissey.

vention of regulations of the commission. 6—Use of “puts.” “calls" and “straddles” in contravention of commission regulations. Until the securities r —-n'ssion completes its organization it is expected to rely to a large extent upon the country’s Stock Exchange for enforcing such provisions. U. S. TREASURY DEFICIT RISES Government Spends Money Twice as Fast as Last Year. By United Prrst WASHINGTON, Sept. s.—The government has spent money almost twice as fast as last year since the fiscal year began July i, the treasury reported today. The treasury disbursed $513,699,696 in August to bring the total for the fiscal year of $979,973,605, compared with $580,687,515 in the same two months last year. Asa result the deficit for the two months rose to $475,518,585, almost double that of last year when the figure was $229,685,450. At the same time receipts increased to $286,266,217, a monthly rise" of $68,076,414. The public debt dropped despite the new spending because the treasury financed expenditures with cash rather than new bonds. It stood at $27,079,860,564 Aug. 31 compared with $2/189,245,812 July 31. Chief gains in revenue were from income taxes, miscellaneous internal revenue, processing taxes and seigniorage.

ILLINOIS COAL FIELDS RECEIVE NEW BOOM August Car Loadings Show Large Increase Over 1933. By Timet Special CARBONDALE, 111., Sept. s.—Coal mining in southern Illinois coal fields has received a boom during the last few weeks. In Frar.klin, Williamson, Perry* Jackson and Saline counties production is showing a marked increase. The Illinois Central railroad has announced that car loadings of coal ending for the month of August were 7,446 cars, an increase of 1,000 above August, 1933, on the St. Louis division. Several large mines have started work in Williamson and Franklin counties. In central Illinois the Pana Coal Company resumed operatons yesterday, employing 350 men for the winter. Produce Markets Delivered In Indianapolis prices; Hency hens, 12c; Leghorn hens. Bc. 1934 broilers, 2 lbs. and over. 13c: Leghorn broilers 1% to 2 lbs. and over, 11c; bareback broilers. 10c; old roosters. sc; ducks and geese. 3c; 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 Comoany. (By United Press) CHICAGO, Sept. s.—Eggs—Market about steady; receipts, 5,095 cases; extra firsts, 21®22c; fresh graded firsts, 21%c; current receipts. 17®20c; dirties, No .1, 17c; No. 2,14 c; checks, No. 1,16 c; No. 2,14 c. Butter —Market, easy; receipts, 19.370 tubs; extra firsts (90-91% score), 24',a®25c; extras (92 score), 25%c; firsts, 88-89% score), 23' 2® 24c; seconds (86@87% score), 22@23c; specials, 25%@26%c; standards, 25c. Poultry—Market unsettled; receipts, 3 cars, 37 trucks, 4 cars due; fryers 15%@ 17%c; broilers, 15%@17%c; geese, old, 12c; turkeys, 10015 c; old roosters, 11c; hens, 14017 c: Leghorn*hens. 10%c; black chicks, 10@12c; barebacks, 13c: cocks, 8c; old ducks, 12@16c% spring ducks, 12016 c; Rocks, spring, 19® 20c; Leghorns, 12c. Cheese—Twins, 13@T3'2c; daisies, 13%@ 14c; Longhorns, 13%®14c. Potatoes—Supply moderate; demand and trading light: market, strong on Wisconsins, steady on other stock; Wisconsin Cobblers, $1.25® 1.50; Idaho Russet, $1.7501.90; combination grade, $1.25® 1.50: Idaho Rusets, *1.75 @1.90; combiantion grade, $1.45. Arrivals, 28; on track, 174; shipments. 339. NEW YORK. Sept. s.—Potatoes—Easy; Long Island, [email protected] bag; New Jersey, 40c @$ 1 bag. Sweet potatoes—Steady; Jersey baskets, [email protected]; southern barrels, $1.250 3.50: southern baskets. 50c@ $1.65. Dressed poultry—Firm; turkeys. 17 @32c; chickens. 10%@28e; broilers, 16® 28c; capons, 25@26c; fowls, 9® 21c; Long Island ducks. 14® 17c. Live poultry—Firm; geese. 8® 10c: turkeys. 17@23c: roosters, lie; ducks. 12® 19c; fowls. 13® 19c: broilers. 140 22c. Cheese—Weak; state whole milk, fancy to specials. 19®20c; Young America, 14%@14%c. Butter—Receipts, 27,563 packages; market, easier; creamery higher than extras, 25%®26%c; extra (92 score). 25%c: first (90-91 score), 24% @25%c; first (88-89 scorei, 23%@24%c; seconds, 23®23%c; centralized (90 scorei, 24%c; centralized (88-89 score'. 23%® 24%c; centralized 'B4-87 scorei, 23@23%c. Eggs—Receipts, 35.768 cases; market, firm; special packs including unusual hennery selections. 24@28c; standards. 23®23%c; firsts. 22c: seconds. 19%@20%c; mediums. 19%@20%c; dirties, 19%@20%c; checks, 16% @ 17c. Births Girls Porter and Catherine Jordan, 1414 Deloss. Van and Fay Tetrick, 234 East lowa. Orvall and Irene Atherton. 837 Wright. Joseph and Margaret Brosnan. 3509 West Michigan. Boys Herbert and Florence Cullison, 3345 Schofield. Deaths Othel Gilbert Holland, 10 mos., city hospital. acute diarrhea. Katherine Elizabeth Hiatt, 69. 341 Harvard place, pulmonary tuberculosis. Katherine Bogard. 66. of 1302 North Parker, cerebral hemorrhage. Abraham Walker, 74, of 1754 Lockwood, dysentery. Ralph Huglett. 11, city hospital, fractured skull. John A. Kirsch. 65. of 1032 South Sheffield. carcinoma. Virgil Porter, 37, Veterans’ hospital, carcinoma Virgil Wincel, 19, Methodist hospital, skull fracture. George C. French. 85, of 31 North Tacoma, arteriosclerosis. Anna Mae Pariott. 19. of 317 West Twenty-first, influenza. Ada Hughes. 40. of 2402 Northwestern, cerebral apoplexy. George F. Hailman. 91, of 415 North Bradlev. arteriosclerosis. Joseph Weir.gartner, 66, city hospital, chronic nephritis. Marv Ellen Elstrod. 73, city hospital, skull fracture, Lavada Godfrey, 56, city hospital, diabetes. Frank Kerr. 32, St. Vincent’s hospital, uremia. Louise Frenzel. 85. St Vlncent’a hospital, arteriosclerosis. Cora N. Finle. 59, St. Vincyent’s hospital, carcinoma. Edward Orme. 65. city hospital, chronic myocarditis. f

Bonds Home Owners’ Loan Corporation and Municipal Bonds BOND DEPARTMENT The Union Trust Cos. of Indianapolis 120 E. Market RHey 5341

.SEPT¥n

DRAINS ADVANi ON STRENGTH IN FOREIGNTRADE Strong Tone at Liverpool Creates Buying in Wheat. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO. Sept. s.—Strength in Liverpool and Rotterdam markets brought buying into wheat on the Chicago Board of Trade today and prices were minor fractions improved. Wheat started % to % cent higher. com was % cent off to cent higher, oats were unchanged to off k* cent and rye was or *4 cent. T verpool str-ted higher, but later lost part of the advance while Rotterdam finished 1 to 1% cents higher. The trade generally disregarded fractional weakness in Buenos Aires. Another bullish influence in the wheat trade was strength in cotton a-d stocks. Chicago Futures Range —Sept. 5 Wheat— Prev. Hißh. Low. 10:00. close. Sept 1.03% 1.02% 1.03% 1 02% Dec 1.04% 1 03% 104% 103% May 1.05% 104% 1.05% 104% CornDec 79% .79% .79% .79% May 82% .81% .82% .81% Oats— Sept 52% .51% .52% .51% Dec 53% .52% .53 .52% May 53% .52% .53% .52% RyeSept 85% .84% .85% .84 Dec 87% .86% .87% .86% May 91% .91 .91 .90% BarleySept 84 .82% Dec 81% .81 .81% .80% May 81 CHICAGO PRIMARY RECEIPTS Bushels. Today. Last Week, Wheat 1,467,000 824.000 Com 1.891,000 988 000 Oats 186.000 . 158.000

Cash Grain

—Sept. 4 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 17%c to river. Wheat—Firm: No. 1 red. 93@94c; No. 2 red. 92 0 93c; No. 2 hard, 94®95c. Com—Easy: No. 2 white. 77®78c: No 3 white. 76@77c; No. 2 vellow. 74%@75; No. 3 vellow, 73%®74c; No. 2 mixed. 73% (5 74c; No. 3 mixed. 72%®73c. Oats—Firm: No. 2 white, 50%051'aCj No. 3 white. 49%®50%c. Hav (f. o. b. country points taking 23 %c or less rates to Cincinnati or Louisville)— Steady; No. 1 timothy. $l4O 14.50. —lnspections Wheat—No. 1 red, 1 car; No. 2 red. 5 cars: No. 2 mixed. 1 car; sample, 1 car. Total, 8 cars. Corn—No. 1 white, 4 cars; No. 2 white. 9 cars; No. 3 white. 7 cars; No. 4 white. 1 car; No. 1 yellow. 3 cars: No. 2 yellow. 48 cars; No. 3 yellow. 25 cars; No. 4 vellow. 6 cars. Total. 103 cars. Oats—No. 2 white, 2 cars; No. 3 white, 7 cars; No. 4 white. 2 cars; sample white, 3 cars. Total, 14 cars. Local Wagon Wheat City grain elevators are paying 91 cents for No. 2 soft red wheat. Other grades on their merits. (By United Press) CHICAGO. Sept. 4.—Cash grain: Wheat —No. 2, dark hard. $1.08%; No. 3 hard, $1.0601.06%: No. 2 red. *1.02%® 1.03: No. 2 red, gar., 98%c: No. 3 red. gar., 96%c. Corn —No. 1 mixed. 79%@80c; No. 2 mixed. 80c; No. 1 yellow, 80@80%c; No. 2 yellow. 80®80%c; No. 3 yellow. 79® 79%c; No. 4 yellow. 78%®79c; No. 5 yellow, 78c; No. 1 white, 83c; No. 2 white, 82®83c; sample, white, 76c. Oats—No. 2 white, 54c; No. 3 white. 51@52c; No. 4 white, 50%@51%c; sample white, 48® 49c. Barley—sl.lo; quotable. 80c®51.24. Timothy— $17.50 0 19. Clover seed —$14,250 18.75. Cash provisions—Lard. $9.35 loose. *9.45; leaf. $10.50; bellies, $13.90. TOLEDO. Sept. 4 —Grain close: (Grain in elevators, transit billing). Wheat—No. 2 hard, red, $1.04®1.05. Corn —No. 2 yellow, 84® 85c. Corn—No. 2 white, 57 %@ 58%c. Rye—No. 2, 86%®87%c. (Track prices, 24%c rate). Wheat—No. 1 red. sl® 1.00%; No 2 red. 99®99%c. Corn—No 2 yellow, 80®80%c: No. 3 yellow. 79%®80c; No. 4 vellow, 79®79%c. Oats—No. 1 white, 54%®56%c; No. 2 white. 54055%c; No. 3 white. 52% 054 tic. ST. LOUIS. Sept. 4.—Cash grain; Wheat in fair demand, steady to % cent lower on red and % cent higher on hard; 13 cars sold: No. 2 red. $i.02%®1.03; No. 3 red, $1 07%; No. 2 hard. $1.11%; nominal. Corn in fair demand, 1 to 1% cents lower: 15 cars sold; No. 1 yeHow. 80%c; No. 3 .yellow, 80%®80%c: No 1 white. 84%c: No. 2. white, 84c. Oats—ln fair demand. I cent lower, 4 cars sold; No. 3 white. 54c; No. 4 white. 53c; sample white. 54c. CANADIAN GRAIN HOPES DWINDLE, REPORT SAYS Prospects for Spring; Wheat Down 33,000,000 Bushels. By Times Special CHICAGO, Sept. 5. Spring wheat prospects in the Canadian province have dropped to 233,000,000 bushels, compared with a forecast of 266,000,000 bushels a month ago, according to recent reports. Total production in all Canada is estimated at 240,000,000 bushels, as compared with 270,000,000 bushels last year, and during the preceding five v'ars 411,000.000 btrhris. Wheat prices to farmers in the Canadian provinces during the last week of August averaged 66.4 cents a bushel, compared with 64.6 cents a month ago, and 50.3 cents a year ago. Oil Company Income Increases By Timet Special CF T OAGO, Sept. s.—Suoerior Oil Company of sports net income for the first six months, after charges, depreciation and depletion, of $149,027, equal to 15 cents a share on the capital stor' 'riqis compares with a loss of $25i450 in the corrrsDonding period last year.

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