Indianapolis Times, Volume 46, Number 103, Indianapolis, Marion County, 8 September 1934 — Page 12

PAGE 12

Wall Street New Commission Ready to Take Over Control of Exchanges Oct. 1. BY RALPH HESDER'HOI— Iinn til (inannal Hniff

JOSEPH P. KENNEDY told President Roosevelt this that the Securities and Exchange Coin* • mission, of which he is chairman v will be readv to take over control Vof the security exchanges throughlout the country on Oct. The fact dr of the matter is that Mr. Kennedy I really has been acting as overseer

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Hendershot

Nevery turn of late. The same mat be said of the New York Curb Exchange. Traders, too, are conducting themselves m conform. tv with the new rules and regulations * contained in th Exchange Regulation Act. In other words, there is likely to be very little change m the markets after official regulation becomes fully effective. There have been no ridences of market rigging” throughout the entire suaimer. Bear raiding has been conspicuous by its absence. The same goes for the other irregularities; against which the new regulationsj were directed. Speculative holdings are well margined, and t virtually every other respect the markets, have made full preparations for the inauguration of the C7ar. a a a WHETHER the boys were -good” because of the new: regulations or because they had lit- j tie opportunity to be otherwise j must remain an open ques’ion. One r cannot “rig” a market very well j when there Is almost a completej lack of public interest, and one is j unlikely to conduct bear raids when prices arc scraping bottom and when ( natural forces have eliminated virtually all weak holdings. But the officials of the big board” have every reason for wishing to co-operate with Mr. Kennedy. and they have ways and means of keeping the boys in line | when they are really put to it. Mr. j Kennedy is a Wall street man. and he has marie it very plain that he j does not wish to destroy the market., His appointment has not been con- j firmed, but the street would very j much like to see him keep the job. a a a wx TAEL STREET was not es-, VV penally interested in the dispatches from Washington statmg that Marrmer S. Eccles is like- : lv to be the next governor of the j federal reserve board, succeeding Eugene R. Black, who resigned j recently. It has been assumed all, along that President Roosevelt< would select someone for the post who is in accord with his financial policies, so the personality involved is not very important so far as the street is concerned. What in all probability would occasion much more of a stir in the financial community would be a shakeup in the New* York Federal - Reserve banks official personnel. Some of these are known to be out of sympathy with the administration's monetary polieies. but. from all accounts, they arc co-operating as best they can under the circumstances. N. Y. CoffeeTSugar Futures Sept 1 romt •—Santos— H'.ch Low Close *,., ch ul7 uin n.16 \\\l HIS iVS RS& 118 Hi. jSlv ;*? s fBSSff ::::::: iU *Si ■* sugar Hi;h. Lon Close January j I*** ]55 ] ■St?* \T* 18 18 V?,?.! inr in* sinwmhef ISR I*6 IS* In the Cotton Markets -Sop- 7 CHICAGO High. Low. Close January J* {* }? }2 to October 13 13 13 36 13 2* I*cnl*r U. 338 13 38 NEW YORK January 13 31 13 31 13 31 March 13 43 13 37 13 38 Sir 13 50 13 45 13 46 *;:. , 13 53 13 53 13 53 October *. 13 2S 13 13 13 13 SSiser 13 33 13-6 13 26 NEW ORLEANS January 13 38 13 30 13 33 March 13 46 13 3. 13 3. Mav 13 524 13 41 13 44 Jvjlv 13 54 13 47 13 47 Stober ..... 13 32 13 12 13 18 December 13 35 13 26 13 23 Retail Coal Prices Th* following pjicca represent quotations from leading Indianapolis coal dealer' A 25-ceot carrying charge per ton will be added. DOMESTIC RETAIL PRICES Anthracite Mf-S® Brazil Lump 59® Brazil Ecs 5.90 BrarU Mine Run 5 35 Coke. Nut Sire * Coke. Esc Sire . -••••• Indiana Forked Lump No. 4 ar.d 6. 5^5 Indiana Eic ... ........ ? .5 Kentucky Lump, Group "B” 715 Pocahontas Lump *J’ Pocahontas Ec 835 Pocahontas Mine Rob - *• New River Bmoklesa 8 2" ABBOTT. HOPPIN & CO. WILL CHANGE NAME New Firm to Assume Title of Abbott. Proctor A Paine. Abbott. Hop Din A* Companv. investment brokers, will make a change of name, effective Oct. 1, James T. Hamill. co-manacer with K. K. Woollmg of the Indianapolis branch has announced Name of the new* firm, whose headquarters are located at 120 Broadway. New* York, will be Abbott. Proctor & Paine. Members of the new firm are Gordon W. Abbott. William R. Proctor Jr.. Hugh E Paine. Lewis A. Williams. James F. Shaw Mavnard C. Ivison and Robert W. Atkins, all of New York; Louis C. Seaverns. and Burford L. Porter, both of Chicago; Louis H. . Colwell. Montreal, and John Sise, * New York, special partner. The change will not effect the personnel cf the Indianapolis office, located at 203 Continental building, Mr. Hamili. said, y

U. S. SMELTING DROPS 6 POINTS ON NT, BOARD Wide Movement of Leading Silver Issue Laid to Poor Earnings. BY ELMER C. WAI.ZER I nit*!! Press Financial Editor NEW YORK. Sept. B—Wide fluctuations in silver issues and wet stocks furnished the intorest on "the Stock Exchange yesterday. Prices in *ho ma;n list declined modorately .n slightly more active trading. Unred S’ate' Smelting extended . r Thursday s loss of 14 5 2 points bv fi points and other silver issues dropped with it. Declines ranging *o more than 2 points wore made bv American Sm/'itine, Howe Sound, | and Cerro De Paseo. It *' learned that the securities md exchange commission immediately sought Urn reason for the wild mmement in the leading silver | is- ue. The commission learned that ! there was no concerted short selling ‘ in the stock, but that it broke on poor earnings estimate. American Sugar Weak Ferdinand Pecora of the commis- ‘ sion pointed out that since the section of the stock exchange act : which governs manipulation goes .nto effect Oct. 1. nothing could I have be.-n done even if manipulaj tion had been mvolvrd. American Sugar declined 2”1 points, and losses of 1 to 2 points were made by American Woolen prefer r e and. Brooklyn-Manhattan Transit. Case, Monsanto Chemical. Air R.-ductinn moved up against 1 the trend and small gains were made bv American Telephone, General Electric, Loews, Montgomery. Ward, Union Pacific, and Standard Oil of California. Railroad shares were steadied by ! hopes the weekly car loadings report would show a better than sea- ! sonal gain. United States Steel dipped frac--1 tionally and other steels followed. The corporation's August tonnage statement due Monday is expected ; to show a slight decrease from July. I August Sales Increase Montgomery Ward reported sales i for August 22.9 per rent over Au- ' gust, 1933. and for the first eight months a gain of 33 per cent, j Spiegel. May Stern showed a rise of | 134 8 per rent for August and 140.9 per cent for the six months. The Bell system's August report | was a factor in sustaining American Telephone and Telegram stock. , Telephones increased 10,750 in August for the system, contrasted with a loss of 20.750 a year ago. Stock sales yesterday approximated 590.000 shares, against 600.000 ■hares yesterday. Curg sales were 115.000 shares, against 111,000 shares 1 Thursday. I day. Dow* Jones preliminary closing ; averages showed industrial. 90.99. off ‘0 83: railroad, 35.11, off 0.81; utility, • 20.03 off 0.30. Money and Exchange INDIANAPOLIS STATEMENT —Sept. 7 I Clearings Sl.B*. 7.6(10.00 ! Debits 4.786.000.00 FOREIGN EXCHANGE -Bv Abbott. Hopprn & Cos) Sept. 7 Close. S’oriinc England $4 99'; i Franc. Prance 6667% , Lira Italv 0868 j Franc. Belgium .2376 j Ma r k Germanv 4fi23 ! Guilder. Holland 6855 Peseta. Spam , 1384 "rv-ono. Norwav’ 2514 Krone Denmark 2235 i Yen. Japan .. ■ 2995 Treasury Statement ißv United Pres*) I WASHINGTON. Slept. 7—Government > expenses and rereip-s of the current fiscal vear to Sept 5. compared with the cor--espondlne period of the prevous fiscal | vear; This Year. Last Year. • Expenses $1 till 024 777.71 5624.206.633 40 ' Rerp,pts 575.549.030.26 392.484.861 91 Deficit . . 443 475 747 15 231.721.771 49 : Cash bal. 2.146.624.930 79 New York Bank Stocks (Bv Abbott. Hoppin Sc Cos ) —Sept. 7 Bid. Ask. Bankers 53 S3 1 a Brookhn Tiust 83 85 t Central Hanover 115 116 ! Chase National 23 23 '* ( ChemicU .36 s 33’y National City 20 T a 21' j Corn Exchange 44% 45’* Continental 12 12' Empire 17'* 18% First National 1 480 1,495 Gua imy .309 392 j Irvine 14’.- 14% Manhattan A- Cos 26 26% I Manufacturers 19 19% | Ken York Trust 94 1 _ 95% On Commission Row -Sept. 7 ©•rotations below are average retail I prices oemg offered to buyers b> local commission house dealers. ; Peaches—Michigan. Elbertas. bushel. 52 25. Pi ans—Michigan, large blue, bushel. 52 25 Damrons, bushel, $2, Italian. % bushel .SI 50 Pears—Michigan Bartletts. bushel. $2.25: Clapps favorite S2. Lemons—Sunkist. S5 50. 1 Grapes—California .-eediess crate, 5i.25 Grapefruit—California seedless. $4.25. w.ierme.ons—2sc Bananas—Pound. sc. —Vegetables— Endse—Ohio. 2 doz.. basket. 85c. Svifet Corn—Home grown, doz.. 21c. Cabbage—Northern. SO-’,b. bag. 85c. Celery—Michigan medium, dozen. 45c; lumbo. 65c: doz 45c. Cranberries— 25-lb box. $3 50 Onions Washington sweet Spantsh arge. 50-lb. bag $1 6a Michigan vellow. tl 40 western whites. $2. Pickling Onions—lo-lb bag. 75c. Potatoes—Eastern Cobblers. 100-!b. bag. s* 75. Wisconsin round white. 100-lb. bag. S! 65 Idaho r issets. s; , 2 50; Kentuckv Cobblers bushel. s*. 50‘<j l 75. Sweet Po*atoes—Eastern Yellow Jersevs. bushel *165 Bears—Round stringiess. bushel. $1.25: home-grown Kentucky Wonders. SI. Beets—New. 30c doz. Carrots—Ohio. doz.. 35c. Cauhflower— lOs-iis cra*e *1 504; 1.75 Letts 0 tdoor. i5-!b. basket. 85c; Xce- | berg California crate. $4 50. Cucumbers—Home grown, bu.. SI. Egg Pfar.t—Home g-own. doz. Si. Peas—Hamper. $2 25 Peppers—Home grown, bu.. $1 25. Radishes—Basket of 2 doz.. 85c. Sr much—Home grown. New Zealand, bu 65c Broad’caf. bu . $125. Tomatoes —Outdoor basket. 50c: bu.. $1 50. ERITTS AND VEGETABLES ■Bv United Press! CHICAGO. Sen*. 7 —Apples—Michigan Wealthies bu 2% inch. $i 35451 50 Tomati'es— Michigan 12 qt baskets. 30c-SSI: mos:;-. 75 <i9oe Sweet Potatoes—Tennessee. bu 115 T 125 Peaches—Michigan. I bu $1 5o ; Le:*uce—California, crate*. $2 .4 Ohio leaf basset. 40*,i50c. Beans— New Jersey green bu . *1 25 •} 1 65; wax. Michigan s*. it 25 Cabbage -Wisconsin, .-rate, 59 r 90c Corn—lllinois, sacks, 35 ••* a 75 c Carrots —Illinois, bunches 2%'i3c. Pepper?-Illinois bu . 50 ; 75c Ecg Pfants - Illinois, bu 40 .i 50c. Celerv—Michigan, cra-.e. squares. 30 Cauliflower—Western ers’e. sl2*- .-140 Apples—Michigan Mclntosh. 2% inch. s'. 59 e f 90 Grape*Michigan, concord. 4 ot< 17 il9c Onion market Washington vellow< <HcW*i.lO; Michigan ve'.lows. 80c. Idaho whites. $! : i‘ !! Brokers Loans Increase WASHINGTON. Sept. B—Loans on stocks and bonds to brokers and dealers by reporting federal reserve members in New York City increased S3l 000.000 to a total of 5824.000.000 in the week ended Sept. 5, the federal reserve board leported ’ yesterday.

of the exchanges for the last month or more. His activities will merely become official on the 'rsf ’ next month. Tho No- 7-o-k Stock Exchange. ** * far tho most important exchange m the group has boon ronsulting Mr. Konn o and y s commission at

New York Stocks ~Bv Abbott Hoppin A Cos ————

AVERAGE STOCK PRICES FOR THURSDAY N>t High. Low. C'loxp. change. Thirty industrial* 94.05 91.fi" 91.82 # —1.83 Twenty rail* 36.76 35.71 35.72 —.Bl Twenty utilities 2073 20.26 20.33 —.20 Forty bonds .... 92.46 —.09 Ten first rail* .... 99.96 f.Ol Ten second rails .... .... 74.72 —.OB Ten utilities * .... .... 98.40 —.22 Ten industrials .... 96.76 —.03 -Up. -Off. •Where quotation* are not gtren. there ha* Keen no tradinr in those issoe*.

—Sept. 7 Prcv. Oils— High. Low. Close, close. Amerada 46'. 46 % 46% 47 At: Rfg 25% 24% 24% 25 Barnsdall 6' 6% 6% 6% Cor.-ol Oil 8 1 2 8% B’* 8% Corn of D! . 17', 17% 17% 13 Ho*’on <n?w-' . 3% 33% Ho-.*ton me*).. 15'. 15'. 15% Hous’on -old' -■ 15'. 15’ IS’* Mid Cont Pet . 12 12 12 12% Ohio Oli 11 JO% 10% 10% F<" Corn 9% 9% 9V Phillips Fc 16% 16 16 16% Plymouth Oil ... 9'* 9% 9% 9% Pie Ol 7'. 7% 7% 7% Roval Dutch ... 35 35 3o 3.1 Sbd Oil 26 25% 25% 26% Shell Un . ... 6', 6'* 6% 6% Ske’lev Oil 7% 7% 7% . Soc Vac .... 14% 14 14% 14% S O of Cal ... 34', 33' 33% 33 S O of Ind 26% 26% 26% 26', S O of N J 44% 44 44 44% Sun Oil • • 69% Texes Corp 23% 22% 22’, 23% Tide*at Assn ... 9% 9% 9% 10 L*n Oil of Cal .. 15% 15% 15% ... Steels— Am Poll Mills . 17% 16% 16% 17% Be-ii Steel 29% 28% 28% 28% Bers A M 16% 16% 16% 16% Cruc S'eel 19% 18% 18% 19% Inland S’eel .... 37 37 37 Lndlum Steel ... 13 13 13 Natl Steel %n% 4040 40% Otis S'eel ... 4% 4% 4% 4% Rep lAc S’eel . 13% 12% 13 13% U S Pipe Ac Fdv 19% 16% 18% 19% t: S steel .. 33% 32% .33 34% r S Steel pfd . 78% 77'% 77% 78% Warren Bros . . 6% 6' 4 6’ 4 6'v Young? nS & T 16% 16% 15% 16% Motors— Auburn 23 22', 22', 23 Chrysler 33% 32 32% 32% Gen Motors ... 29% 29% 28% 28% Graham Mot ... 1% 1% 1% 1% Hudson B', 8 8 8% Hupp 2% 2% 2% 2% Mack Truck ... 23% 23% 23 , Nash 14 13% 13% 14 I%r K ard 3% 3% 3% 3% Reo 2% 2% 2% 2% S'udebaker 3% 33 3% Motor Access— Ber.dix 12% 12% 12% 12% Botin Alum 51 50 .50 51% Borg Warner .. 21 20', 20% 21 Bngg 16% 15% 15% 16% Eaton Mfg 15 14% 14% 14' Flee Auto Lite 23% 22% 22% 23% Hondaille 'A'... -*4% 4 4 4% Murrat Body ... 4% 4'< 4 n 4 5 Stew Warner ... 6% 6% 6% fi % Timken Roll 29% 29% 29% 29% Mining— Alaska Jun •••• 16 15% 16 17% Am Metals .... . . 15 Am Smelt 34*% 34% 34% 36% Anaconda 12 11'* 12 12 Ca! A: Hecla ... 3% 3% 3% . Cerro de Pasco . 38 36% 38 37% Dome Mines .... 44'4 42'* 43 43% Granby 7 7 7 7 1 .* Gt Nor Ore . . 11% 11% 11% Ills Homes!ake Min 405 399% 400 Howe Sond .... 52% 52% 49% 51% Ins Copper .... .3% 3% 3', ... In; Nickel . 24'* 24% 24% 24'* I*l Creek Coal. 28 Krnnecott Cop . 19% 18% 18% 18% Mclntvre Mine . 46'* 45% 46% 46 Noranda Cop ..41 41 41 41% Paik Utah 3% 33% ... Phelps Dodge .. 15% 15 15 15% Sr Joe Lead .. 17% 16% 16% 17% U S Smelters ..125% 119 1 * 121% 125% Vanadium 17% 16% 16% 18 Amusements— Crosiev Radio .. 12% 12% 1214 13% Fox lies . .. . 11% Loews Inc 27% 26% 27 26%. Radio Corp 5% 5% 5% 5% RKO 2% 2% 2% 2', Warner Bros ... 4% 4% 4% 4% Tobaccos— Am Snuff 18% 18% 18% 19V, Am Tobacco 8.. 78% 75% 75% 76% Getl Cigars 43% 43% 43%. -43% Ligg Ac Mvers B 97% 97% 97% 98 Lorillard .18 17% 17% 18% Reynolds Tob B 46% 46% 46% 46% Rails— Atchison 50% 49 49% 49% Ati Coast Lines. 28 27 27 29 BA* O 15% 15% 15% 15% Can Pac 13 13% 13'* 13% Ch A- Ohio 44% 43% 43% ... Chi AKtW 2% 2 2 Chi A* Gt W pfd 4% 4% 4% ... C M A* St P 3% 3% 3% 3% C M A* St P Pfd 5% 5 5 5% Chi N W 6% 6 6 6% Chi N W Pfd ..12 12 12 Dela A? Hud ... .39 39 39 40 Del Lac A W... 17% 16 16% 17V, Erie 13 12 12% . . Grt Northern p 15 14 14 15 Til Central 16% 16 16% 16% K C Sou 8 8 8 Lehigh Valley.. 11% 11% 11 s * 12 Lou A Nash .. . ■ ■ 42 % M K A T 6% 6% 6% 6% MKA* T pfd... 15% 15% 15% N Y Cent 22% 21% 21 % 21% N Y Cll! A- St L 12% 12% 12% 18 N Y New Haven 10'* 10 10 10Vi Norfolk A Wes. .169% 169% 169% Nor Pac 18% 17 17% 19 Penn R R 23 22% 22'* 23% Sou Par 18% 17% 17% 17% Sou R R 16% 156 16 16% Sou R R pfd .. 20 19% 19% .. Union Pac 97% 96% 96% 96% West Mary 9% 9% 9% 9% Equipments— All's Chaim 13 13 13 13% Am Bra Shoe .. 23% 23', 23% 23% Am C A Fdv .. 16% 16% 16% 17% Am C A F pfd . 36% 36 36'* ... Am Loco 16% 16% 16% 16% Am Loco pfd ... 14% 13% 13% 14% Am Steel Fdy ... .. .. 14% Bald Loco 7’, 7% 7% 8% Burroughs 12 11% 11% 12 Case J I 40 38 39 40 Cater Tract .... 26% 25 25 27% Deere A* Cos 16 15% 15% ... Elec Stor Bat .. 37 37 37 Foster Wheeler .11% 11 11 Gen Am Tk Car .73 .32 32 33% Gen Elec 18'* 18 18% 18% Gen R R Sig 26’* 26% 26% . . Ingsol Rand .. . 56 Int Bus Mach.. 137'* 137'* 137'* 137% Int Harvester .. 25’, 25 25% 26% Natl Cash Reg.. 14% 13'* 13% 14 Pullman Inc 41 39% 39% 41% Rem Rand 8% 8% 8 * B’, Und Elliot 48 48 48 48% West Air (81... 19% 19 19 Westingh Elec ..33% 32% 32% 33 Utilities— Am A* For Pwr. 6% 6% 6% 6% Am Pwr A Lit . 5 4’, 4’, 5% A T A T . . 113% 112% 113% 11.3 Am Wat WkS .. 16% 16 16 16% Col Gas A* Elec. S 8% 3 9 Col G A E pfd. . 65% Com A Sou 1% 1% 1% 15,l 5 , Consol Gas 27% 26% 27 27% Elec Pwr A Lit 4 4 4 4 E P A L pfd . 9 9 9 98 >2 Int Hvdro Elec 3', 4% 4', 4% Int T A T . . 9% 9% 9% 9% Nat Pwr A Lit . * 8 7'* 7'* 7% North Amer ... 13% 13% 13'* 13% Pac O A E 15% 15 15 15% Proples Gas ... 24 24 24 Postal Tel pfd . 13’-* 14 14 15% Pb Sen N J . 31% 30% 30', 31% So Cal Edison . 12% 12 12% 12% Sid Gas . ... 7% 7% 7% 7% Std Gas pfd 8 8 8 Stone A Webster 6 5% 5% 6% United Corn ..4 3% 3’, 4 Un Gas Imp 14'* 14% 14% 14'* Ut Pw A Lt “A” 2 2 2 West Union .... 35% 34 34 35% Rubbers— Goodrich 10% 10', 1047 10% Goodear 22% 20 20% 21 % Kellv Spring .... 1% l' I'* 1% U S Rubber 16', 15% 15% 16’* U S Rub pfd ... 38% 36 36% 37% Am Bank Note .. . 14% Am Can 97 96% 97 98% Brklvn Man Tr .41 40% 41 42% Conti Can 81% 79% 80% 81 Crown Cork 22'* 22% 22% . Curtis Pub 18% 18 18 18'* Curt Pub pfd ... 84% 84% 84% 84 Eastman Kod .. 99% 99 99% 99’, Gillette 12 11% 11% 11% Glidden 24 24 24 25 Inter Rapid Tr 13% 12’, 13 13% i Owens Bottle .66 66 66 67% Raybestos Mfg. 18*2 18% 18% 18% Foods— Am Sugar .... 66% 66% 66% 69 Armour ’A"... 6% 6'* 6% 6% Beatrice Cream 18% 18 * IR% 18% Border. Prod.. 25% 25% 25% 26 Cai Packing .. 41% 39% 40 42% Canada Dry G A . 15 s , Coca Cola ..134% 134% 134% .. I Cont Bak ‘A’’... 6'* 6'* 6'* 7 Corn Prod .. 61% 58% 58% 60', Crm of Wheat .. 32’* 32% 32% 32', Cuban Am Sugar 8% 8% 8% 8% Gen Foods 30', 29% 29% 29% Gold Dust 18% 18% 18% 18% G W Sugar 30'* 29'2 29% 30% Hershev 64 64 64 Loose Wiles 39% 39% 39% 40% Nat! Biscuit ... .72% 32% 32% 33 Natl D Prod ... 17% 16 s , 1.6% 17% Purstv Bak 10’, 10% 10', S Porto Rico Sug . . 31’ 2 Spencer Ke'.log . 25 1 < 25', 25'* 25% S’d Brands ... 19'* 19% 19'* 19% Un Biscuit 22% 22'* 22% 22% United Fruit 72'* 71 71% 73% Waid Bak A” 6% 6 6 Wrigley 64% 64% 64% ... Retail Stores— Ass Drv Goods. *lO 10 10 10% Best A Cos .. 31 ’ 31 31 32% First Na’l S’ores 64% 64% 64% 63% Gimbei Bros ... 3% 3% 3% .. Gr Un Tea .. .. 5’ * Hahn Dept Sts 4'. 4% 4’, 4 %4I Jewel Tea 46% 4*% 46% .. Kresge S S .... 17'* 17', 17', 1”% Kroger Groc ... 28 28 28 28% Macv R H . 38% 38% 38% • , Marshall Fields. 11 11 11 11% Ma? Dep’ St •.. 37% 36% 36’* Mont ward 24'* 23', 24% 23% Natl Tea 10% 10% 10% 11 Penney J C 57 57 57% 57% Safeway St ... 46% 46% 46% 46 2 Sears Roebuck.. 38%335,6 5 , 36'* 37% Woolworth 47’, 47% 47% 4. 2 Aviation— Aviation Corp . 4% 4'* 4% 4% Curtiss Wright ...2% 2% 2'* 2'* Curtiss Wr <Ai 8 8 8 .. Douglass Air .. 17% 16% 16% 17% Nor Am Av 3’* 3% 3% 3% Speerv Corp 8 7 i% '% United Aircraft 15’* 14% 14% 15 Chemicals— Air Reduction ..100 99’, 190 95% Allied Chem .. 129 127% 127% 128 Am Com Alcohol 28 26% 26% 28%

THE INDIANAPOLIS TIMES

Col Carbon 66%, 65% 6.4% 66 Com Solvents .. 20'* 9% 9 1 * 20'* Dupont ... 89% 88% 88 89 Freeport Tex .. 29% 29% 29% 29', Liquid Carb ... 21 21 21 23 Math Alkali . 27 26% 26', 28 Montosonta Ch. 52% 51 51 53 Nat! Dis 1 new-1 . 20% 19% 19% 20 Schenelev Dis’ . 21% 19', 20% 21% Tex Gif Sulph. 35 34% 34% 34% Union Carbide . 43% 41% 41'* 42 U S Ind Aico 38% 37% 37% 39% Virg Ch 6C„ pfd 17% 17% 17% 18% Drugs— Cotv Inc 5% s', 5% Lambert 24% 24 24 24% Lehn A Fink ... 14% 14% 14% . Un Drug 12', 12% 12% 12'* Zonite Prod ... ... 4 Financial— Adams Exp 7% 7 7'4 7% Allegheny Corp .2 i% 2 2 Am Int Corp .. 6% 6% 6% 6% Chesa Corp . 40% Lehman Corp .. 68'* 68% 68% 69 Transamerica .. 5% 5% 5% 5% Tr Contlv Corp 4% Building— Am Radiator .. 13% 13 13 13 Gen Asphalt 16', 16% 16% Int Cement . .. 22% 22% 22% 23 Johns Manville 46% 44% 45 46% Libby Owens Gls 29 27'* 27'* 28% Otis Elev 14% 14% 14% 14'* Uien Const 14’, Household— Col Pal Peet .. 14', 14 14 Concoleum .... 27% 26% 26% 27% Kelvinator 13 12% 13 13% Mohawk Carpet. . . 14 Proc A Gamble 37'* 37', 37', 37% Simmons Bed .. 9% 9% 9% ... Textiles— Amer Woolen .. 9 7% 8% 9 Balding Hem ... . . 12% Celanese Corn .. 20', 19 20 20', Collins Aikman.. 11% 11% 11% 12 Got-ham Hose... 5% 5 5% 5% Indus Rayon ... 23% 23% 23% ... New York Curb (By Abbott, Hoppin A Cos.) —Sept. 7 Allied Mills ... 6% Hiram Walker . 26 Mum Cos of Am. 52% Humble Oi! ... 42% Am Cyan ‘ B’’ . 17 Imper Oil Ltd . 15 Am Gas AEI .. 22% Hud Bay Min . 14% Am Superpwr . 11,I 1 , Int Petrol .. 28% Ass Gas A El . J /2 Lake Sho Min . 57 Atlas Corp .... 9 Libby McN Lib 7% Buck Pipe L ... 30 Lone Star Gas. 3 Can Ind Ale ’A’ 8% Mt Producers . 4% Can Mart. 1% Natl Bell Hess . 2'* Carrier Corp .. 7% Newmont Min . 44'* Cities Serv ... 2 Nia Hud Pwr .. 4% Cons G of Balt 65 Noradel Agene . 20% Cord Corp ... 4 Pan Am Air .. 35 Creole Petrol .. 1.3% Park Davis .... 25% Crown Cor Inti 6% Penn Road 2 Deere A Cos ... 157, St Regis Pap . 2% Distil Corp .. 15 ISherwin Wms . 71 E! Bond A Sh. 10% Std of K.v 15% Fisk Rubber . 8 ITechnicol Ind . 12% Ford of Can ’A’ 19% Tech Hug Gold. 63* Ford of Europe 8% Un Gas 2 Glen Aid Coal. 18% Un Pwr A L ‘A’ 1% Gold Seal Elec. 2 vVr Harg Min . 93*

Chicago Stocks 1 By Abbott. Hoppin & Cos.

—Sept. 7 High. Low. Close. Bendix Aviation 12% 12% 12% Berghoff Brew Cos 4% 4% 4% Borg-Warner 20% 20 20 Butler Bros 8% 8% B'4 Central & So West % •% % Chicago Corp com .... 2 2 2 Chicago Corp pfd 25% 25% 25% Cities Service . ...... 1% 1% 1% Commonwealth Edison. 44% 44'* 44% Cord Corp 4 3’* 3% Crane Cos 7% 7% 7% Electric Household .... 15% 15'* 15% General House Util ... B'* 8% 8% Great Lakes Dredge ... 15% 15% 15% Interstate Power 7% .. 14% 14% 14% Libbv-McNeil 7% 7% 7% Lynch Corp 30% 29 29 National-Standard ... 25 25 25 Noblitt-Sparks Ind Inc. 13% 13% 13% Prima Cos 33 3 Quaker Ooats 123% 123 s * 123% Swift Ac Cos 19 18% 18% Swift. International ... 38 37% 37% Vortex Cup Cos 16 16 16 Walgreen Cos com 23% 23% 23% Zenith Radio 2% 2% 2% U. S. GOVERNMENT BONDS ißv United Press) NEW YORK. Sept. 7.—Closing liberties 'decimals represent thirty-seconds); Liberty 3%s (32-47) 102.29 First 4%s (32-47) 103. Treasury Fourth 4%s (33-38) 103.8 4%s 3%s '45) 101.4 4%s (47-52) 110.27 3% s (43-47) 102.9 3%s '4l-43) March 102.14 3%s (40-43) June 102.10 3%s (43) 102.10 3'*S '46-49) 100.14 3s (51-55) 99.22 FEDERAL FARM LOAN BONDS (By Blyth Ac Cos., Inc.) —Sept 7 Bid. Ask. 4s July 1. 1944-46 97 97% 4s Nov! 1. 1957-37 95% 96% 4s Mav 1. 1958-38 95% 96% 4%s July 1. 1956-36 96 s * 97% 4%s Jan. 1. 1957-37 97% 98 4%s Mav 1. 1957-37 97% 98 4%s Nov. 1. 1958-38 97 98% 4%s Mav 1. 1942-32 98% 99%. 4%S Jars. 1. 1943-33 98% 99% 4%s Jan. 1. 1953-33 97% 98% 4%s July 1. 1953-33 97% 98% 4%s Jan. 1. 1955-35 97% 98V* 4%s Jan. 1, 1956-36 98 98 5s Mav 1. 1941-31 100 100% 5s Nov. 1. 1941-31 100 100',j —Home Loan—--3s Mav 1. 1964-44 97.22 97.30 4s July 1. 1951 97.20 97.28 —Federal Farm Mortgage Corporation—3'*s March 15. 1964-44 99.10 99.24 The three latter quotations are it thir-ty-seconds. Investment Trust Shares (By Abbott, Hoppin & Cos.) Sept. 7 Bid. Ask. Amer Bank Stocks Corp 95 1.00 Amer Ac Gen Sec (A) 3.50 5.00 Amer & Inv Tr Sh 1.75 .... Basic Industry Shapes 295 .... British Type Inv Tr Sh 45 .50 Collateral Trustee Shares IAU. 4.12 4.25 Corporate Trust Shares (old) 1.86 1.93 Corporate Trust Shares (new) 2.10 2.14 Cumulative Trust Shares 3.62 3.70 Diversified Trust Shares (A).. 6.25 .... Diversified Trust Shares (C>.. 6.87 .... Diversified Trust Shares (C).. 2.73 2.78 Diversified Trust Shares (D).. 4.25 > 4.37 First Insurance Stock Corp.... 4.50 4.87 First Common Stock Corp 50 .54 Fixed Trust Oil Shares (A).... 7.37 .... Fixed Trust iOl Shares (8).... 6.37 Fundamental Inv Inc 1.78 196 Incorporators Investments ~..16.08 17.28 Land Bank Bond Shares 1.13 1.16 Low Priced Trust Shares 495 5.10 Mass Inv Trust Shares 17.83 19.43 Nation Wide Securities 300 3.10 North Am Trust Shares 's3> . 1.74 1.78 North Am Trust Shares (55-56) 2.12 2.16 North Am Trust Shares (58).. 2.14 2.20 Selected Amer Shares 2.33 .... Selected American Sh Ine 1.04 1.13 Selected Cumulative Shares... 6.14 .... Selected Income Shares 3.21 .... Std Amer Trust Shares (A).. 2.70 2.76 Trust Shares of America 2.60 2.65 Trustee Std iOl (A) 5.30 540 Trustee Std iOl 'Bi 4.70 4.80 U S Elec Lt. & Pwr (A) 10.97 11.37 Universal Trust Shares 2.72 2.80 Daily Price Index. 'By United Press) NEW YORK. Sept. 7.—Dun & Bredstreet's daily weighted price index of thirtv basic commodities compiled for the United Press (1930-32 average. 100): Today 120.00 Yesterday 120.24 Week ago 120.46 Month ago 118.11 Year ago (Sept, 8 1 98 63 1934 high 'Aug 29) 120.95 1934 low (Jan. 3i 101.05 (Copyright, 1934. Dun Sc Bradstreet, Inc.) Marriage Licenses Robert Van Slvke, 23, of 2415 North Olnev street, decorator. and Mildred Schwab, 18. of 72 East Twenty-second street, housekeeper. Richard Hill. 28. of 5241 Washington boulevard, contractor. and Marthalou Schoener. 24. of 2914 Guilford avenue, housekeeper. Harold Honderich. 24 of 119 East Fiftieth street, bank clerk, and Alms Palmer. 20. of 3307 Washington boulevard, housekeeper. Harry Hartman. 32. of 3110 Graceland avenue, upholsterer, and Helen Olsen. 26. of 5118 East Washington street, stenographer. Martin Miller. 34. of 32% North Senate avenue, truck driver, and Clara Magee, 24, of 36% North Senate avenue, housekeeper, Deitner Bolton. 22. of 308 North Bernard streei butcher, and Ruth Kefauver. 18. of 714 West New York street, housekeeper. Rudolph Egener. 28 of 226 West Eleventh street, sales manager, and Helene Korbowicz. 23. of 1214 Bright street, clerk. Glayne Johnson. 24. of 2423 Prospect street, packer, and Marv Forbes. 25. of 1113 Setenth avenue, clerk. Harrv Otis. 22. of 1705 College avenue, mechanic, and Juanita Dyson. £2. of 835 Broadwav. weaver. Flovd Jacobs, 32, of 556% West Washington street, laborer, and Edith Crabtree. 18. of 556% West Washington street, housekeeper. James Fields. 21. of 2431 North Olnev street, laborer, and Katherine Beinderman. 18. of 1512 Sheldon street, housekeeper. Henry Woods, 24. of 1417 North Arsenal avenue, musician, and Blanche Barnard, 19. of 925 Charles street, housekeeper.

PORKER PRICES REMAIN STEADY AT CITY PENS Veals Strong to 50 Cents Higher at $8 Down: Cattle Even. Porker prices were generally steady with Thursday's average in early trading at the local stockyards yesterday. Receipts estimated at 5.500 showed a sharp increase over Thursday's figures, and initial demand continued weak. The bulk, 160 to 200 pounds, was salable at $7.15 to $7.25. Weighty grades, scaling 200 to 250 pounds, sold at $7.25 to $7.30. while 250 to 300 pounders brought $7 to $7.20, Few choice were reported salable at $7.53. Lightweights, ranging from 140 to 160 pounds, were selling at $6.25 to $6.50, with 120 to 140 pounds, salable at $5.60 to $6. Extremely small weights, scaling 100 to 120 pounds, cashed in at $4.75 to $5.25. Holdovers numbered 932. Finished steers and good cows were unchanged in the cattle market, with other grades mostly salable at buyers prices. Few loads of steers weighing 1,288 pounds sold at $10.25, while other kinds, consisting mostly of common and medium killers, were salable under $7. Good and choice cows ranged from $4 to $5.50. Low cutters and cutters cashed in at $1.50 to $2.75. Receipts numbered 700. An advance of 50 cents featured veal trading, with the general rtm sell, ing at $7.50 to SB. Receipts were 700. Strong undertone was evident in the lamb market and most prices were around 25 cents higher than the previous close. Good ewe and wether grades sold at $7, while several brought $7.25. Wet fleeces were considered. Bucks were $1 less. Throwouts sold at $4 to $5.50, while slaughter ewes ranged from $1.50 to $2.50. were 1,000. Bidding was around 5 cents lower than Thursday's average on hogs at Chicago at $7.50 down. Receipts were estimated at 14.000, including 6,000 directs; holdovers, 2,000. Cattle receipts were 3.000, including 1,000 government; veals, 5,500, including 5,000 government; market steady. Sheep receipts 9,000; market unchanged. Ane. Bulk. Tod. Receipts. 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 l 8.000 5. 7.40® 7.50 7.60 4.000 6. 7.15® 7.25 7.35 4.000 7. 7.15# 7.25 7.35 5,500 lYf ii'Lot Cip’i fly (140-160) Good and’ choice...s 6.25# 7.15 —Light Weights—-(l6o-180) Good and choice . . 7.15® 7.25 (180-200) Good and choice-. 7.20® 7.30 —Medium Weights—-(2oo-220) Good and choice... 7.25® 7.35 (220-250) Good and choice .. 7.25® 7.35 —Heavy Weights—-(2so-290) Good and choice... 7.10® 7.25 (290-350) Good and choice... 6.90# 7.10 —Packing Sows—-(27s-350) Good 6.25# 6.50 1.350-425) Good 6.10® 6.40 (425-550) Good 6.00® 6.25 1275-550) Medium 5.75# 6.15 —Slaughter Pigs—-(loo-130) Good and choice .. 4.75® 5.75 CATTLE Receipts, 700; 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 4.75® 7.25 Common 3.25# 4.75 (1.100-1,300) Choice 9.00®10.40 Good 7.2f1® 9.25 Medium 5,50® 7.50 (1.300-1,500) Choice 9.50® 10.50 Good 7.75# 9.50 —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® 5.00 k Common and medium 2.75® 3.75 Low cutter and cutter 1.50® .75 —Bulls—(Yearlings excluded) Good 3.25® 3.75 Common and medium 2.25® 3.25 VEALERS Receipts, 700; Market, Higher. Good and choice $ 7.00® 8.00 Medium 4.50® 7.00 Cull and common 2.50® 4.50 —Calves—-(2so-500) Good and choice.... 4.75® 6.50 Common and medium 2.50® 4.75 —Feeder and Stocker Cattle — (Steers) (500-800) Good and choice.... 4.50® 5.50 Common and medium 3.00® 4.50 1800-1,050) Good and choice.. 4.50® 5.50 Common and medium 3.00® 4.50 (Heifers) Good and choice 3.00® 4.25 Common and medium 2.50® 3.00 —Cows— Good 2.50® 5.25 Common and medium .. 2.25® 3.00 SHEEP AND LAMBS Receipts, 1,000; Market. Higher. Lambers. 90 lbs. down, good and choice $ 6.75# 7.25 Common and medium 4.50® 6.75 —Ewes—-(9o-120) Good ana choice... 2.00® 2.75 (120-150) Good and choice 1.75® 2.50 All weights, common and medium 1.25® 2.00 Other Livestock (By United Press) CHICAGO, Sept. 7.—Hogs—Receipts, 14.000, including b,OOO directs; market slow, fully 10 cents lower than Thursday; 200300 lbs.. $7.35® 7.45; top $7.45; 140-190 lbs., $6.25©7.35; pigs. $5.50 down; packing sows, largely $6.50#6.75; light lights 140-160-lbs., good and choice. s6# 7; light weights, 160-200 lbs., good and choice. $6.85®7.45; medium weights, 200-250 lbs., good and choice, [email protected]; heavy weights. 2250-350 lbs., good and choice, $7.15#7.40; packing sows. 275-550 lbs., medium and choice. $5.50® 6.90; slaughter pigs. 100-130 lbs. good and choice, $4.50 ®6. Cattle—Receipts. 2,000; commercial, 1.000 government; calves 500 commercial, 5.000 government: well-finished steers and yearlings very scarce; fully steady with Thursday's advance; others about steady; she-stock slightly more active, steady; bulls 10©15 cents lower; vealers firm; best 874-ib. yearling steers, $8.15; part load lots good, medium weight steers. $8®9.25; best sausage bulls. $3.60: selected vealers. 58.75#9: slaughter cattle and vealers: steers 550-900-lb.. good and choice, $6.25® 9.25; 900-1.100 lb., good and choice. 56.75# 1025: 1,100-1.300 lbs., good and choice. $7 #lO 60: 1,300-1,500 lbs., good and choice, sß# 10.75: 550-1.300 lbs., common and medium. 53.25®7.75; heifers, 550-750 lbs., good and choice. $6®8.50; common and medium. $3.25@6; cows, good $3.75®6; common and medium. $2.50#3.75; low cutter and cutter. $1 75®2.50; bulls, lyearlings excluded).- good beef. $3.25®4.25: cutter common and medium. $2.50# 3.60: vealers. good and choice. s7# 9; medium, ss® 7: cull and common. s4®s: stocker and feeder cattle; Steers. 550-1,050 lbs., good and choice, $4.50®5.50; common and medium. $3®4.50. Sheep—Receipts. 9.000: fat lambs very active: 25 cents and more higher; native offerings $6.75 to mostly $7 ;best held 57.25 upward; best rangers still unsold; bulk plainer offerings. $6.75 downward; sorted around 35# 40 per cent: one car straight at $6.50: sheep and feeding lambs, steady; top feeedrs, $6; slaughter sheep and lambs: lambs 90 lbs. down, good and choice. $6.65 #7.25; common and medium. $5.50®6.75; ewes. 90-150 lbs., good and choice. $1.75 ®2.85: all weights common and medium. $1.50® 2 25; feeding lambs. 50-75 lbs., good and choice $5.35# 6. FT. WAYNE. Sept. 7.—Hogs—Steady to 5c lower: 250-300 lbs.. $7.10: 200-250 lbs . $7: 180-200 lbs.. $6.90; 160-180 lbs.. $6.80: 300-350 lbs . $6.90: 150-160 lbs.. 56.25: 140150 lbs. $6.25: 140-150 lbs.. $6; 130-140 :bs„ $5.75; 120-130 lbs. $5 50: 100-120 lbs.. $4.85: roughs. *5 50: stags, *3.50. Calves —$7.50; lambs. $6 50. LAFAYETTE. Sept. 7.—Market steadv to 10c lower; 200-250 lbs.. *7.10# 7 20; 250>3OO lbs. $6.95® 7 05: 300-325 lb*.. *6.75: 170-200 lbs.. s7® 7.10: 160-180 lbs.. $6 90# 7: 140-160 lbs.. s6# 6.25: 120-140 lb*.. $5 25® 5.75: 100-120 lbs. 54.50#5: rbuzhs. $6 down; top calves. $7; lambs. *6 down. Prayer Book, rurse Stolen An apparently pious thief stole a prayer book and a purse containing $37 from the - home of Miss Edna Kane, 1931 North Illinois street, ear 1 }; today. _

Condition of U. S. Banks Strong, Crowley Reports

$5,000,000,000 More Could Be Loaned to Speed Recovery. Bit United Prf*n WASHINGTON. Sept. 8.-Banks can lend $5,000,000,000 more to American business and industry to speed recovery without endangering their financial structure, chairman Leo T. Crowley, of the Federal Deposit Insurance Corporation, believes. Stressing what he termed "the overliquidity of banks,” Crowley made public the first combined condition statement as of June 30 of the 13.867 of the nation’s 15,541 operating banks, which are FDIC members. Crowley said combined deposits of member banks total $35,766,394,000 against which are $19,660,534.000 in cash and United States government securities. This, he explained. gives the banks an average liquidity of 54 per cent. Cash and securities holdings, he said, could be safely reduced to $14,306,400,000. thus throwing the remaining $5,000,000,000 into business and industrial loans. This would mean a 40 per cent liquidity average. "Banks are altogether too liquid. If they can find sound loans, they should make them. We can’t have recovery unless loans are made,” the chairman explained. DEM AND DE POSITS UP, FEDERAL BOARD SAYS Ninety-One Cities Show Increases for Week Ending Aug. 29. By Time * Special CHICAGO, Sept. B.—The federal reserve board’s condition statement of weekly reporting member banks in ninety-one cities on Aug. 29 shows increases for the week of $108,000,000 in net demand deposits and $69,000,000 in reserve balances with Federal Reserve banks, and decreases of $17,000,000 in loans and investments and $33,000,000 in government deposits. Loans on securities declined $17,000,000 at reporting member banks in the New York district and $24,000,000 at all reporting member banks. “All other” loans increased $9,000,000 in the New York district, $5,000,000 in the San Francisco district and $12,000,000 at all reporting banks. Holdings of United States government securities declined $14,000,000 in the New York district. $8,000,000 in the Chicago area and $24,000,000 at all reporting banks. Produce Markets Delivered in Indianapolis prices; Heavy hens. 14c; Leghorn hens, 9c; 1934 broilers, 2 lbs. and over. 14c; Leghorn broilers, 1% to 2 lbs. and over. 10c; bareback broilers, 10c: old roosters, sc; ducks, 4c; geese. sc; young guineas, 20c; old guineas. 15c; No. 1 strictly fresh country run eggs, loss off 1.9 c. Each full case must weight 55 lbs. gross; a deduction of 10 cents a pound for each pound under 55 lbs. will be made. Butter—Nol, 29® 30c. Butterfat, 23c. Quoted by the Wadley Company. (By United Press) CHICAGO, Sept. 7.—Eggs—-Market, steady; receipts. 5.101 cases; extra firsts, 22%c; fresh graded firsts. 22c; cuirent receipts, 17® 20c: dirties, No. 1. 17c; No. 2, 14c; checks. No. 1. 16c; No. 2. 14c. Butter —Market, weak; receipts, 15,764 tubs; extra firsts (90-91% score). 24%®24%c: extras (92 score', 25%c; firsts (88% score), 23%® 24c; seconds <B6-87% score). 22®, 23c; special, 25%®26%c; standards, 25c. Poultry—Market, firm; receipts. 1 car; 44 trucks. 1 car due: fryers. 15%®17%c; broilers, Leghorn, 15®16c; geese, old. 12c; turkeys, 10% 12c; old roosters. 11c; hens, 15® 19c; Leghorn hens, 12c; black chicks. 10® 12c; barebacks. 13c; cocks, 8c; old ducks, 12® 18c: spring ducks, 12®16c; Leghorns. 19® 20c; Rock springers. 19%® 20c. Cheese—Twins, 13®13%c; daisies, 13%®14c; longhorns, 13%®T4c. Potatoes —Supply moderate; demand and trading, slow: market, weaker on Cobblers, steady on other stock; Wisconsin Cobblers, $1.20 ®1.25; *<daho Russets, $1.75® 1.90: New Jersey Cobblers, $1.35; North Dakota Triumphs. $1.75; Minnesota Cobblers. $1.12; Michigan Russets, combination grade, $1.65: arrivals, 84; on track, 169; shipments, 539 NEW YORK. Sept. 7.—Potatoes—Steady; Long Island. 40c® $1.50 bag: New Jersey, 85c®$l bag. Sweet Potatoes—Quiet: Jersey. basket, 75c® $1.75; southern, barrel. 52.75® 3.75; southern, basket, 50c® $1.75. Dressed Poultry—Firm; turkeys, 17®32c; chickens. 10%®28c; broilers. 16®28c; capons, 25® 26c; fowls. 10® 21c; Long Island ducks, 14® 17c. Live Poultry—Firm; geese. 8® 10c: turkeys, 17® 23c; roosters. 12c; ducks. 12® 19c; fowls, 12® 21c: chickens. 20-25 c: broilers, 15-24 c. Cheese—Unchanged: state whole milk, fancy to specials. 19®20c; Young America, 14%® 14%e. Butter—Receipts, 10.131 packages; market, easier; creamery, higher than extras, 26®26%c; extra 192 score). 25%c: first (90-91 score). 25®25%c; first (88-89 score'. 23%®24'*c; seconds, 23®23%c; centralized (90 score). 25c: centralized, 'BB-39 score. 23%®24%c; centralized (8487 score', 23®23%c. Eggs—Receipts, 13.456 cases; market, firm; special packs including unusual hennery selections. 25® 28c; standards, 24®24%c; firsts, 22®22%c; seconds, 21@21%c: mediums. 21@21%c; dirties, 21®21%c: checks, 17®18c. CLEVELAND. Sept. 7.—Butter—Market weak: extras. 29%c: standards. 29c. Eggs —Market firm: extra white. 24c; current receipts, 21c. Poultry—Market firm; fowls colored. 4% lbs. and up, 20c; colored fowls, medium. 17%c: Leghorn fowls, 3% lbs. and up, 10c: Leghorn fowls. 13c: springers. Rock. 3% lbs. and up. 21#23c: springs. Rock, 3% lbs. and up. 19#20c; springers, Leghorn, heavy, 17c; springers. Leghorn, light. 16c: broilers, colored. 13® 19c: old roosters, 12c: ducks, white, 5 lbs. and up, 17c; ducks, light. 13c. Potatoes — New Jersey. $1.25® 1.35 a 100 lb. bag; Idaho. $1.90®2 a 100 lb. bag: Ohio. best. $1.15® 1.20 100 lb. bag: Pennsylvania. $1.25 0.1.30 a 100 lb. bag. Other Livestock (By Times Special) LOUISVILLE Sept. 7.—Cattle Commercial. 300. including 146 billed through: demand fairly broad for most slaughter cattle, ouality generally plain and market. mostly steady; bulk, common to medium steers and heifers. s3® 4.50. few low qualitied cutter grades down to $2.50: better finished fed offerings salable to $6.25 and above: bulk beef cows, $2.50®3; good kinds to $3.25 and above for heifer types; low cutters and cutters, $1®2.25; sausage bulls, mostly $2.50# 3; run includes around 600 head fresh Hereford stock calves mostly of quality to sell $4.50®5.50. Calves —Commercial. 1.000, including around 600 stock calves: vealers steady: bulk better grades, 56#6.50; strictly choice. $7; medium and lower grade vealers. $5.50 down: grass calves mostly $4.50 down. Hogs— Receipts. 800: marke’ steadv; top and bulk,’ 185-275 lbs.. $7.15: 280 lbs. up, $8.70; 160-180 lbs.. $6.45; 140-155 lbs., $5.95; 120135 lbs.. $4 45; sows, $4.95; grassy and unfinished hogs subject to a discount. Sheep—Receipts. 600. including 210 stock ewes; market steady: bulk better lambs. $6 to mostly. $6.50; bucks, discounted and most light throwouts, 53.50: bulk fat ewes, Sl®2: stock ewes salable, mostly $6®7.50 a head. Transportation Cos. Shows Profit. By Times Special NEW YORK. Sept. B.—June operating revenues of New York City's Independent Rapid Transit System totaled $788,439, and profit after expenses was $245,828, reports disclose. For the twenty-two months ended June 30, operating revenues amounted to $11,233,877 and profit after expenses totaled $2,492,212.

jTjpM; "My Client* Sleep Well” xtipjy "hat percentage of your Present Income VYonld continue to roar family i event of your death? See or Call R. F. LINDEMAN AETNA LIFE INSURANCE CO. lftth Floor Illinois Bldg. Rl-9505

Quality LINOLEUM at Cat Trice* irf J 495 OK RATE Linoleum Cos. 901 East Washington Street

FAIR DOUGHNUT BUSINESS GOOD 2.000 Dozen Sold at A. & P. Stand to Labor Day Visitors. Have you ever tried to picture in your mind 2.000 dozen doughnuts? Twenty-four thousand “sinkers!” A rather overwhelming number of those delicacies, it seems, but just that many of the delicious little circles were sold Labor day at the Atlantic and Pacific Tea Company booth in the manufacturers’ building at the Indiana state fair. In this attractive exhibit, the endless throngs that pass through the building sit at tables, and. served by attractive waitresses, partake of coffee and doughnuts; 1 cent for one doughnut and a nickel for a cup of good coffee. Comparing the sale of those 24.000 doughnuts to the 75,000 persons who attended the fair Labor day, Morton S. Cox, district sales manager for the company, estimates that one doughnut was sold to approximately every third person who passed through the exposition grounds Monday. So long was the waiting line at the A. & P. booth Monday that in order to take care of all customers it was necessary to make an allotment of two “sinkers” to each cup of coffee sold. Many women, standing in line almost an hour, wanted to buy them by the dozen. Since then it has been possible to fill such orders, although business still is heavy, a checkup revealed. More than six thousand dozen were sold from the opening of the fair through last night. “This is the first time we have attempted operation of such a booth at the fair,” Mr. Cox declared. “Naturally we are pleased with the response and we intend to have something just as popular next year,” he said.

Cash Grain

INDIANAPOLIS —Sept. 7 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f o. b., shipping point, basis 41% New York rate, were: Wheat—Strong: No. 1 red. 96%#97%c: No. 2 red, 95%®96%c; No. 2 hard, 97% ® 98%c. Corn—Steady; No. 2 white. 77%®78%c; No. 3 white. 76%®77%e; No. 2 yellow, 74%#75%c: No. 3 yellow, 73%®74'>c; No. 2 mixed, 73%®14%; No. 3 mixed, 72%® 73%'C. Oats—Firm; No. 2 white. 52#53c; No. 3 white. 51® 52c. Hay—Steady. (F. o. b. country points taking 23%c or less rates to Cincinnati or Louisville). —lnspections Wheat—No. 1 red. 1 car: No. 2 red, 3 cars; Sample, 1 car. Total, 5 cars. Corn—No. 1 white, 1 car; No. 2 white,2 cars: No. 3 white, 2 cars; No. 1 yellow, 5 cars; No. 2 yellow, 11 cars; No. 3 yellow, 8 cars; No. 4 yellow, 1 car. Total. 30 cars - Oats—No. 2 white. 1 car; No. 3 white. 3 cars; Sample white, 1 car; No. 4 mixed. 1 car. Total. 6 cars. Local Wagon Wheat City grain elevators are paving 94 cents for No. 2 soft red wheat. Other grades on their merits. (Bv United Press) CHICAGO, Sept. 7.—Cash Grain: Wheat —No. 2 red, $1.07: No. 3 red, *1.03%: No. 5 red. 98%c. tough garlicky; No. 1 hard, $1.13%; No. 2 hard. $1.12%® 1.12%; No. 1 northern. $1.15%: No, 2 mixed. $1.07%; No. 4 mixed, SI. Corn—No. 2 mixed. 81 Vic; No. 1 yellow, 81%c: No. 2 yellow. 81%c; No. 3 yellow. 81c; No. 4 yellow. 80',ic: No. 1 white, 85c; sample, 77c. Oats—No. 2 white, 57® 58c: No. 3 white, 55®58c- No. 4 white, 52 Vi® 53 c; sample, 55 c. Bariev—sl.ls®l.lß; quotable, 80c®51.24. Timotliv —516.50® 18. Clover seed—sl6.so®2l. Cash provisions: Lard—s9.so; loose, $9.60; leaf. $10.50. Bellies—sl3.92. TOLEDO. Sept. 7.—Grain close (grain in elevators, transit billing): Wheat—No. 2 red. $1.08®1.09 Corn—No. 2 vellow, 85# 86c. Oats—No. 2 white. 60® 61c. Rve—No. 2. 87%®88%e. (Track prices. 24'/ic rate). Wheat—No. 1 red, $1.04® 1.05: No. 2 red. 51.03® 1.04. Corn—No. 2 yellow. 81®81 Vic: No. 3 vellow. 80%®81c: No. 4 vellow, 80® 80%c. Oats— No 1 white. 57®59%c; No. 2 white 56%®59c; No. 3 w hite. 55® 57c. ST. LOUIS Sept. 7.—ln fairly good demand; %c lower on red and steady to Vic higher on hard; 19 cars sold; No. 1 red, $1.07: No. 2 red, $1.06% ®.1.06%: earlv, 51.06% at close: No. 3 red. *1.06# 1.06 Vi; No. 4 red. $1.04%: No. 3 red. garlicky, 99%c; No. 1 hard, *1.15: No. 2 hard. $1.15. nominal. Corn—ln good demand; %® %c lower: 6 cars sold: No 1 yellow, 82%c: No. 2 vellow. 82c; No. 3 yellow', 81Vi®81%c: No. 3 white. 85c. Oats—ln good demand; %®lc higher: 7 cars sold: No. 2 white. 59c: No. 3 w'hite 58#58%c; No. 3 mixed. 58**c: No. 2 red. 62c.

Elmer E. Taflinger Classes in Drawing and Painting Registration Sept. 10th RI. 5883 158 E. 14th St.

Whv Not I. U.V 92 CLASSES IN INDIANAPOLIS Afternoons, Evenings , Downtown Your State University offers the best instruction at the lowes cost. Credits good anywhere. Classes open to any adult begir Sept. 20 in: freshman subjects, including premedical and predenta and teacher training work; business subjects, and genera! cultura courses. Emphasis upon the arts; dramatics, rhythmic dancing picture and symphony appreciation, and fiction writing and appreciation. Popular Lecture Courses Sl-S5 Interior Dororation Spending Wisely Contemporary Fiction Astronomy History in Movies Modern France Primitive Man Parent Education Plays of 1933-34 Full Freshman Program, $73 a Semester Indiana University 122 E. Michigan St. RI. 4297

Y. W. C A Day and Evening Classes COURSES INCLUDE Art of Conversation English—Bible Book Reviews French—Spanish Public Speaking Creative Writing Self Expression Psychology—Applied Contract Bridge Parliamentary Law Opening Sept. 24th 329 *V. Pennsylvania St, RI ley 5171

.SEPT. 8,193 T

WHEAT VALUES MOVE UPWARD IN LATE RALLY Last-Minute Buying Spurt Forces Grains Above Previous Close. BY HARMAN \X. NICHOLS ( ruled Fres* Staff Correspondent CHICAGO. Sept. B—A last-minuto spurt of buying came into wheat on Chicago Board of Trade yesterday and prices finished above the previous close after being lower most of the day. Wheat finished \ to % cent higher, corn was up % to % cent, and oats were % to % cent; higher. Although heavy selling was followed by numerous sharp rallies values oi wheat hung to the underside most of the day with business only fair. Most operators slipped to the sidelines to await further developments. There was no evidence of any weakness in the cash situation, however, as the basis on hard winter wheat here was up around % cent as compared with September. No 1 hard sold at 7% cents over the future delivery and No. 2 hard 7 to 7% cents over. The trade had reports of a moderate sized cargo of wheat being loaded at Buffalo for delivery at Duluth, presumably durum wheat and intended for northwestern mills. Message from Minneapolis reported the government was buying wheat, oats, rye, barley and flax seed which will be used for distribution to farmers for seeding next year's acreage) in the drought stricken areas of the southwest. Corn for the most part, behaved in the same manner as wheat with activity at a minimum. Oats also held to a very narrow price margin. Provisions eased at the start and gained back on part of the losses. Chicago Futures Range By United Press. —Sept. 7 Wheal— Prey. Open Hiuh. Low. Close, close. Sept... Old 1,06 1.06% 1.05 1.06 % 1.05% Sept., new 1,06 1.06 s * 1.05 1 06% 1.05'* Dec.. oid4 1.07 1.07 s * 106 1 07% 1 06% Dec., new 1.06% 1.07 s * 1 06 1 07% 1 06% May 1.07% 1.08% 1.06 s * 1.08 s * 1.07 s * C orn— Sept., old. .75% .79% .78% .79% .78% Dec., old.. .80 .80%. .79% .80% .80% Dec., new. .80 ,80% .79% .80% .80% May 82% .82% .81% .82% .82% Oats— Sept., old. .53% .54% .5,3% .54% .53'* Sept., new .51 .54% .53% .54% .53% Dec., old . .54% .54% .54% .54' i .54% Dec., new. .54'* .55 .54% .54% .54'* May 54 % .55% .54% .55 .54% RyeSept.. old .84% .94% .93% .94% .95% Sept.. New. .84% .85 .83% .84% .85% Dec., old . .86% .87% .86 .87 .87% Dec., new.. .88 .88 .86 .86% .87% May 91 .91 .89% .90'* .90% Barley— Sept., old 91 .86 Sept., new ..... .91 .86 Dec., new.. .82% .84% .82'* .84% .82% May 84% .33 Lard— Sept 9 40 9 40 Oct 9.50 9.50 9.47 9.50 9 50 Nov . 9.55 9 55 Dec 9.57 9.60 9.55 9.60 9 60 Jan 9.67 9.70 9.65 9.70 9.70 Bellie*— Oct 13.75 13.75 13.70 13.72 13,75 Sept 13.62 13.62 CHICAGO PRIMARY RECEIPTS Sept. 7 Bushels Today Last Wk. Wheat 634.000 916 000 Corn 628.000 1.061 000 Oats 144.000 161.000 Regular Payment Declared NEW YORK. Sept. B.—Directors of the Tri-Continental Corporation have declared a regular quarterly dividend of $1.50 a share on the $6 cumulative preferred stock, payable Oct. 1 to holders of Sept. 15.

ENTER SEPTEMBER 10 Day or Night Specialized business training is direct, positive, effective. It is generally recognized as one of the surest, safest and most, economical wn.vs to a promising start with a good business firm. Many who entered here a year ago are holding desirable positions today. Attend this strong, dependable iyhoo| and enjoy the advantages of its prestige and following among business firms. “Central’’ is the Indiana Business College of Indianapolis. Thf* oth#*r* are at Marion. Muncir. Logansport, Anderson. Kokomo, Lafayette, Columbus, Richmond and Vineennes—Ora E. But/. President. For Bulletin giving full particulars, get in touch with the I. B. C. nearest you, or Fred W. Case, Principal Central Business College Architects Ac Builders Bldg., Pennsylvania Ac Vermont Sts., Indianapolis.

©Evening Law School OPENS SEPT. I7TH for S7th Year Three year standard legal course leads to LL.B. degree Catalogue Upon Request BENJAMIN HARRISON LAW SCHOOL, 1152 Consolidated Bldg. RHey S*BT