Indianapolis Times, Volume 46, Number 118, Indianapolis, Marion County, 26 September 1934 — Page 14

Trade and Industrial Developments.

PAGE 14

UNEVEN TREND DISPLAYED BY STOCKMARKET Alcohol Issues Contribute Best Showing by Moving Higher. MARKETS AT A GLANCE Bt imud Prm Storks irrrruUr in narrow ranee; trading doll. Bonds Irregular; atilitirs strong. Curb stocks ease slightly on proflttaking. Chicago stocks quiet and mixed. Call money 1 per cent. Dollar eases in foreign currencies All grains were lower. Chicago Livestock—Hogs, weak: cattle, sheep steady. Cotton steady, unchanged to up 2 points. Rubber off 16 to 19 points. Bar silver unchanged at 49H rents an ounce. Copper 9 cents a pound. By Preaa NEW YORK. Sept. 26.— The stock market today met moderate resistance to its rise begun in the late trading yesterday. Prices at noon were irregular with most changes fractional. Olcohol stocks were the best performers. At Its high. American Commercial Alcohol was at 28H, up 1H: U. S. Industrial Alcohol 38 1 (4, up *4; Schenley 23. up and National Distillers 20up *. Most of the gains were retained as traders anticipated pickup in liquor business in the autumn and early winter. A few issues, in addition to the alcohol list, broke out of a fractional area. General Cigar was up nearly a point at 47%, anew 1934 high. United States Rubber preferred reached 39%, up l l i; New York Shipbuilding 13. up 1; F. E. Myers & Brother 22. up l'i; Armour of Delaware preferred 95. up 2%. United States Steel at noon was at 33*4. off *4. Consolidated Gas was at 30%. up •4. Rails were dull and steady. Silvers also were inactive around the previous close.

Moncu and Exchange

INDIANAPOLIS STATEMENT Clearing* *1 "15 222 22 g)ib!ts ...... 5.626.000.00

Treasury Statement

•By United Press ) WASHINGTON. Brpt- 26 —Government expenses snd receipts for the current fiscal Tear to Sepr 24. compared with the corresponding period of the previous fiscal year: _ . This Year Last Year. Expenses .1142(1317 957 75 $835,400 384 SO Receipts .. 914 043 382 87 #33 023 810 88 SScit .... 512.274 .874 88 202 376.573 94 Cash Bal .. 3 203.171 203 04 FAR WESTERN BUSINESS SHOWS IMPROVEMENT August Index Increases 6 Per Cent Over 1933 Periods. For the eighth consecutive fnonth, general business conditions In the far went improved over the corresponding months of 1933. according to the Bank of America Index of far western business for August. The index stands at 65. 8. which is nearly a 6 per cent gain over the corresponding month last year. The preliminary August 1934 index is 1.4 points lower than the revised July index. This compares with a decrease of 1.8 points from July to August. 1933. a decrease of 2.7 from July to August. 1932. and a decline of 5.9 points in the same period in 1931. Retail sales and bank debits for the far west show substantial gains over 1933. the Pacific coast branch bankir organization reports. Aggregate dollar volume of eightynine reporting retail establishments increased 5 per cent in August over the corresponding month last year. CORN PROSPECTS IN ' NEBRASKA DECREASE Only 4 to 6 Per Cent of Crop Will Be Husked. Bp T •<•* Special LINCOLN. Neb.. Sept. 26—Corn prospects in Nebraska are extremely poor and only approximately 4 to 6 per cent of the crop will be husked, according to E. V. Jones, assistant state and federal agricultural statistician. The proportion of the crop to be husked ranges from less than 1 per cent in the south central area to slightly more than 20 per cent in the western division of the state, the estimates states. Only the irrigated acreages of the Platta valley are making sufficient yield to be worth husking, it was reported Reports indicate that only about half as many cattle and sheep are being fed as compared with normal. due to the shortage of feed. ICKES RAPS OFFICIALS Complains of Xoneo-operation With Government. Bp Ln%te4 Bren WASHINGTON. Sept. 26—0il Administrator Harold L. Ickes has complained of nonco-operation by state officials in the federal government's efforts to curb production and distribution of hot oil. Naming no particular persons or states, Mr. Ickes said: “Whv don't they co-operate with the federal government? If they would give us evidence where the hot oil la produced, we'd stop it in forty-eight hours.” REFERENDUM CALLED fr r*ii(4 prtu MEMPHIS. Tenn.. Sept. 26 —City council this afternoon voted to call a referendum Nov * to decide whet bar or not to issue not more the" H.ooe 000 in bonds for the purpose of acquiring, purchasing, or building an electric distribution system for cheap Tennessee Valley Authority power.

New York Stocks

(Bv Abbott. Hoppln ■ Noon Prev. Oil*— High Low. N Y. cloy*. Amerada w’ A3 43 43 a Atl R!g 25% 24 % 35% 34*a Barnadaii 6% *% fa JH Consol Oil • % • % • % • Cont of Del .... 19% 19% If a Houaton (newt.. 33 3 | Houatoo <oldt... 15% IS’. 15’* 15. Mid Cent Pet ... 12 11% }!*• I Ohio Otl 10*. 10'a 10'a 10 Pet Corp 9% #H * * Phillip. Pet .... 15’. 54% 15 . 15'a P.ymouth Oil ... 8 9 9 *’• Pure Oil 7% *’ 7 ■ Soc Vac 14*a 14*a 14*. 14 a 30d Oil 24*. 24'. 24'. 24% 8 O of Cal 32 32 32 32’. 3O of Tnd 25'. 25'. 25*. 25’. 'SOOf N J 44 43 43’. 43*. Teaaa Corp 23*. 23'. 23*. 23 Tidewater Assn 9% 9*. 9*. 9*. j Steel*— ‘Am Roll Mill* .. 17*. IT. 17% 17% . Beth S-eel 29% 29‘. 29'. 29% Bvcrt A M 17*. I*. 16*. 16% Col ruel tc Iron 4% 4'. 4'. 4 ! Crue B*eel 19*. 19*. 19*. 19 Msd S*eei B'a B'a 8% 8 !tatl 6'eel 3fl'a 38'. 36% 38'. Otia Steel ... 4’. 4’. 4’. 4 . Rep Iron A- Steel 13'. 13*. 13*. 13*. Rep Ir Ac St Dfd 41'a 41> 41'. 41'. V S P:pe Ac Fdy 19*. 19 19 s . 19’. U S steel ... 34'. 33*. 34 34*. U 8 Steel pfd .. 74*. 74'. 74% 74% Warren Bros .. 6’. 6’. 8 * 6*. Young wn S&T 17 18*. 16*. 17 Mntori— Auburn 28’a 25% 28', 25'. Chrysl-r 34*. 33*. 34'. 34% ! Gen Motors ... 29’. 29*. 29’. 30 Graham Mot ... l’a I’a l’a l’a Hudson B*. B'a B*. B'a Hupp 2' a 2'a 2' a 2% Nash 14’a 14*a 14*. 14% i Packard 3*. 3*. 3*. 3*. ! Reo 2% 2*. 2*. 2*. | Studebaker .... 3 2’, 2’. 3 | Yellow Truck .. 3% 3'a 3'a 3% Motor Aceeaa— Bendix 12% 12 * a 12% 12% Bohn Alum 50 49'a 49'a 50 Borg Warner .. 22'. 22 22% 21% Briggs 18’, 18'a 18*4 16*2 Budd Wheel ... 2'a 2'a 2‘a 2*4 ! Ea'on Mfg 14'. 14*. 14*. 14% Elec Auto Lite . 23*. 23 23% 23 a | Houdaille A ... 4*a 4% 4% 4*a Murray Body ... 5*4 5 5 5 Stew Warner ... 5% 5% 5 7 § o\ Timken Roll ... 30 29’. 29’a 29'a Timken Det Axel 5% 5% 6% 5 Mining— Alaska Jun ... 18’* 18*4 18*a 18% Am Metals 16*. 16*. 16% 16% Am Smelt 35 34% 35 34% Anaconda 12 11*4 11% 12 Cal Ac Hec'a .. 3% 3% 3% 3% Cerro De Pasco 37*. 36' a 37% 36% Dome Mines ... 43 42'a 42% 42 a Howe Sound .... 50*4 43'a 50% 49% Ins Copper .... 3% 3% 3'a 3% Int Nickel 25% 25% 25% 25% Kennecott Cop . 19% 18’, 19% 19% Mclntyre Mine .47 46% 46% 47 Noranda Cop ... 40% 40** 40% 40 Park Utah .... 3% 3'a 3% 3% Phelps Dodge . 15% 15 15% 15 St Joe Lead ... 17 17 17 17% U S Smelters... 117 115 117 115% Vanadium 17% 17% 17% 16% Amusements— Croslev Radio .. 14% 14% 14% 14 Fox Thea 12% 12% 12% 12% Loews Inc 28% 28 28% 23 % Radio Corp .... 6% 6 6 6 RKO 2% 2% 2% 2% Warner Bros ... 5% 5% 5% 5% Tobaccos— Am Snuff 65 65 65 65 Am Sum Tob .. 19% 19 19% 19 Am Tob B’ ... 76*. 76% 76*. 76% Gen Cigars .... 47% 47% 47% 47 Ligg Ac Myers B' 97% 97% 97% 97 Lonllard 18 17% 18 1774 Reynolds Tob B 47% 47% 47% 467a Rails— Atchison 51*4 51% 51*4 51*4 Atl Coast Lines. 32 31% 31% 31% B Ac O 16% 16% 16% 16% Can Pac 14 14 14 i4% Ch Ac Ohio 43*4 42% 42% 43% CMAc St P .. 3% 3% 3*4 3% C M Ac St P pfd s*. 5% s*s 5% Chi N W 6’s 6',a 6% 6% Chi N W pfd . 12 12 12 12% Dela Ac Hud .. 41*4 40% 40% 41% Del Lac Ac W . 18% 18 18% 18% Erie 12*. 12% 12% 12*4 Gt Northern pfd 15% 15% 15% 15% 111 Central 17% 17% 17% 17% Lehigh valley .. 12% 12 12 12% Lou Ac Nash 42% 32% 42% 42 M K Ac T 6% 6% 6% 6% MKA- T pfd... 16% 16% 16% 16 N Y Cent 23% 22% 22% 23 NY Ch Ac StL pfd 21 20% 21 21 N Y New Haven 11 10% 107a 10*4 Nor Pac 19% 18*4 19 18% Penn R R 23 % 23% 23'/a 23% Sou Pac 19% 18% 187a 19 Sou R R 17% 16% 17 17 Union Pac 102% 101% 102 10?% West Maryland . 9% 9% 9% 9% Equipments— Allis Chalmers . 13 13 13 12*4 Am Brake Shoe 32*4 22% 22*4 21% Am Car Ac Fdy. 17% 17% 17% 167* Am Loco 16 Am Mach Ac Fdv 14% Am Steel Fdy... 14 14 14 13% Bald Loco 8% 7% 8 8% Burroughs 12% 12% 12% 12% Case J I 43% 43 43% 43 Cater Tract 27% 27% 27% 27% Deere Ac Cos 18% 18% 18% 18 Elec Stor Bat .. 34 34 34 34 Foster Wheeler.. 11*4 11% 11% 11% Gen Elec 18*4 18% 18% 18% Int Harvester .. 30% 29% 30 29*4 Natl Cash Reg . 14% 14 14% 14% Pullman Inc ... 40% 39% 4039 Va Rem Rand 8% 8% 8% B*4 Und Elliot 48% 48 48 48% Westingh Elec 33% 32% 32*4 32% Worthington Pm 17% 17% 17*4 17 rtflities— Am At For Pwr . 7% 6% 7 6’4 Am Power A: Lit 5% 5% 5% 5% A T A: T ...113* 112% 112% 112% Am Wat Wks .. 17% 17% 17% 17% Brook Un Gas . 61% 61% 61% 60 Col Gas Ac Elec 9% 9% 9% B*4 Com <fc Sou .... I*4 1% 1% 1% Com Ac Sou pfd 38 37 37 38 Consol Gas . 30% 29*4 30% 30 Elec Pwr A: Lit. 4% 4% 4% 4% E P A: L pfd ... 10 10 10 10 Int Hvdro Elec.. 4*4 4% 4% 4% Int T A: T 10% 10*. 10*. 10% Lou G&E A.. 14% 14*a 14% 14% Nat Pwr A: Lit.. B*. 8% 8% 8% North Amer .... 14*. 14% 14% 14% Pac G Ac E 15% 15% 15% 15% Peoples Gas ... 27% 26% 26% 26 Pos.al Tel pfd . 15% 14** 15% 15 Pub Serv N J... 32', 32 32*, 32 So Cal Edison... 12% 12% 12% 12% Std Gas 8% 8% 8% 8% Std Gas pfd 9% 9% 9% 9 Stone A: Webster 6*. 6*. 6** 6*4 United Corp ... 4% 4% 4% 4% Un Gas Imp ... 15 14’, 14’, 14*. Un Pwr Ac Lit A 2% 2% 2% 2% Western Union . 35*. 35 35% 35 V* Rubbers— Firestone 14 13’ 14 14 Goodrich 10% 10% 10% 10% Goodyear 22’, 22% 22% 22% Kelly Spring ... I** I** 2*, 1% U S Rubber 17% 16% 17 16** U S Rubber pfd 40*. 38% 40% 38% Miscellaneous— Am Bank Note.. 14 14 14 13*. Am Can ... .. 98*, 98’* 98** 99% Brklvn Man Tr.. 41% 41 41% 40*. Conti Can • -. 82'. 81*4 81% 82% Eastman Kodak 98% 98% 98% 98% Glidden - 23’. 23% 23% 23% Inter Rapid Tr. 14 1 * 13’, 14 14% Raybestos Mfg . 16% 16% 16% 16V* Foods— Am Sugar 67% 67'* 67% 66% Armour A 6 l * 6% 6% 6%

On Commission Row

Quotations below are average wholesale prices being offered to buyers by local commission dealers. FRUlTS—Cranberries. Cape Cod early blacks. 35-lb. bo*. *3. Grapes. Michigan Concords, 4-qt. basket. 16c; 12-qt. basket. 38c; California seedless. 37-lb. box. 51.65. Crabapples. Michigan hvslops. bushel. $2. Persimmons. Indiana. 13 qts.. 90c. P.ums. Italian prunes. 16-lb. box. sl.lO. Pears. Michigan Bartletts. bushel. *2 65; Avacados box $1 50 Quinces, bushel. $3 Watermelons. 25c each. Bananas, pound. s*c. VEGETABLES—Cabbage. Northern Danish. 50-lb bag. 75c: red. bushel. $1.35. Onions. Idaho sweet Spanish, large. 50-lb. bag. $1 40: Michigan, vellow. $1: Indiana. 10-lb bag 22c; white boilers. 10-lb. bag. 35c: Western white. 50-lb. ag. $1.75; horoe- . grown picklir.c. 10-lb. bag. 75c. Potatoes, Northern Cobblers. 100-lb bag. $1.35. Wisi consin round white. 100-lb. bag. $1 55; i Ohios. 100-lb bag. $1.50: Idaho Russets. I 100-Ib. bag S3 10 Seet potatoes. Eastern f Yellow Jersevs. bushel. $1 50; Indiana Sancv Halls, bushel. $1 35 Beans, homegrown strmgless. bushel. $1; Kentucky Wonders bushel. 85c Limas, large, pound. 20c Beets, dozen. 30c. Carrots. Ohios. dozen. 30c: Ohio <cut offs* washed. 22-lb. basket. 75c; bushel. $125 Cauliflower. ' crate. II 60 Celerv Michigan medium. dozen. 45c: Jumbo, dozen. 65<: hearts. ! bunch. 90 C _ £crn. home-grown, dozen. 20cCucumbers, heme grown, bushel. $1.50_ dozen. 35c: dills, dozen. 75c Endive. 2 dozen. 65c Egg Plant, dozen. 75c. Kale ! bushel 60c Lettuce, outdoor. 15-lb. basket. 65c. Mangos. busheL $1 Mint, dozen. 50c. Pars'er. dozen. 35c. Peas, hamper. 32.50 Peppers, red finger, bushel. $1.75; 5-lb. basket 50c Radishes. 2 dozen. 75c. Spinach. New Zealand, bushel. 60c; broadleaf. : basket. 50c. Radishes. 3 dozen. 75c. Spintushei. $135 Tomatoes, outdoor. 13-lb basket. 50c. busheL $1.50 FRUITS AND VEGETABLES ißy United Press* I CHICAGO. Sept. 26 —Apples—Michigan bushels. Mclntosh 2*i men $1250150. Tomatoes—Ohio 8-lb baskets. 25<5 35c; Michigan 12-<j: , 25030 c Sweet potatoes— Tennessee bushels. 90c Qsl Peaches—.'Michigan bushels S2O 3 50. Lettuce —Calli forma crates. $17503 25 Beans—nimois .green bushels. sOcosl Lima. Ohio. $1250 iI 50 Cabbage—Wisconsin crates. 50060 c. Carrots—California crates. 7Scos2; Illinois bunches. 10 2c. Peppers—lllinois bushels. I 80075 c: red. 75c05125. Eggplant—lllinois bushels, 250 40c Celerv—Michigan crates, squares. 250 80c. Western cauliflower crates. $10110: Michigan. ?scosl. Grades—Concord, Michigan. 4-qt.. 12 ! j0 13'jC Cranberries—Massachusetts boxes. 1-1 bushels. $3 50 Onion market * 50-lb. , sacks*—Michigan yellow. 55 0 73 s jc: Idaho (whites. 90c0SI 10. Idaho yellows. 750 80c; Utah yctiows* 73080 c. *

Finance - - Business - - Industry

Beatrice Creamy 18% 18 18% 18*. Borden Prod ... 25% 25 25 25% Cal Packing ... 38% 38% 38% 39% Can Dry G Ale-. 16 15% 16 15% Cont Ba* A 6% 6% 6% 6% Corn Prod 63 62% 63 62% ! Crm of Wheat 32*. 32% 32% 32% i Cuban Am Sugar 8 8 8 8% ( Gen Foods 30 29% 30 29% Gold Dust 17’, 17% . 17% 17% G W Sugar 29% 29% 29% 29% Loose Wiles 37% 37% 37% 37% Natl Biscuit ....SO** 30% 30% 30*. Natl D Prod ... 17% 17 17% 16** Purity Bak .10 10 10 9*, S Por Rico Sug 31% 31% 31% 31% Spencer Keilog . 25% 25% 25% 26 Std Brands ... 19% 19% 19% 19% Un Biscuit 23 23 23 23 i United Friut ... 74% 74 74% 73% Wngley . 66 66 66 65 Retail Stores— Assn Dry Goods 10% 10% 10% 10% Best At Cos 33% 33 33% 32% First Natl Btores 64 63% 64 Gimbel Bros ... 3% 3% 3’4 3% iGr Un Tea .. 5% 5% 5% 5% j Hahn Dept Sts s*. 5% 5% 5% Hahn D Sts pfd 39 38 39 36 Kresge S3 ... 18*. 18% 18% 18% Kroger Groc ... 28% *2B 28% 28 Macy R H 41% 40% 41 41% Marshall Fields . 11% 11*. 11** 11% May Dept St. . 38% 38% 38% 38** Mont Ward ....26% 26% 26*. 28% McLellan Stores 8% 7% 8% 7% Penny J C 61 61 61 61% Sears Roebuck .40 39% 39% 40 -* Woolworth 48% 48% 48% 48*,* AviationAviation Corp . 4% 4% 4% 4% Curtiss Wright . 2’. 2% 3’, 2% Curt Wright A 7% 7% 7% 7% Douglas Air ... 16 15*. 15*. 16% Nor Am Av .... 3*4 3% 3*4 3% Speery Corp ... 7% 7% 7% 7% United Aircraft .9% 9 9 9Va Chem'eals— Air Reduction . 1(f3% 103 103% 103 Allied Chem ...125% 125 125% 125 Am Com Alco .. 28% 27% 28V* 27 Col Carbon 66% 66 66% 66 Com Solvents .. 20% 20% 20% 20% Dupont 91% 90% 91 91 Va Freeport Tex .. 25 24 24 24% Liquid Carb .... 21% 21 % 21 % 21% Math Alkali . .. 27 26% 26% 27 Montosonta Chm 53 53 53 53 Natl Dls (new).. 20% 20% 20*4 20% Schenelev Dist .24 23% 24 23% Tex Gulf Sulph. 36*4 36 36 36% Union Carbide . 43% 42% 43% 43% U S Indus Alco. 33% 37% 38V4 37 Drugs— City Inc 5% 5% s*/4 5*4 Lambert 24% 24 ?4 23% Un Orug 12% 11% 12% 11 Va Zcnjtp Prod .... 4 3% 4 Financial— Adams Exp 7% 7% 7*4 7% Allegheny Corp . 2 2 2 2 Am Int Corp ... 7% 7% 7% 7% Lehman Corp ... 70 70 70 69 Transamerlca .. 5% 5% s*/s s*/* Tr Conti Corp... 4% 4 4 4 Building— Johns Manvllle . 47% 47 47% 47% Libby Owens Gls 28% 28% 28’/a 28*, Otis Elev 14% 14% 14% 14% Household — Co l Pal Peet.... 15 15 15 15 Congoleum 29 28% 28% 29 Kelvinator 13% 13% 13% 13% Proc Ac Gamble .. 37% 37 Va 37% 37Va Simmons Bed .. 10% 4010 Va 10 Textile* — Amer Woolen .. 9% 9% 9% 9% Belding Hem .. 12% 12*4 12% 11% Cellanese Corp . 23% 23 23% 23 Collins Aikman. 12% 12*4 12% i2*4 Gotham Hose .. 5% 5% 5*2 5% Indus Rayon ... 25 24% 24% 24%

Chicago Stocks

(By Abbott, Hoppin & Cos.) 12:15 Prev. Chi. close. Bastian-Blessing 4 3% Borg-Warner 22 2i% Butler Bros 8% 8% Chicago Corp com 2 1% Chicago Mail Order 10% 10 Cities Service 1% I*4 Commonwealth Edison 43% 42% Cord Corp 4 4 Crane Cos B*4 8 General House Util 7% 7% Great Lakes Dredge 15 15 Libbv McNeil 7% 7% Perfect Circle 29 27 Public Service N P 13’* 13% Quaker Ooats 124 123% Swift & Cos 19% 19% Swift International 38% 39 Vortex Cup Cos 13*4 13 Walgreen Cos., com 23 *2 23 Zenith Radio 2*4 2*4

New York Bonds

(By Fenner & Beanet 11:30 A. M. Prev. N. Y. Close. Alleg Corp 5s 'SO 23’/a 24 Am & For Pwr 5s 2030 54 53 A T & T db 5s '65 108*4 109 Atchison Gen 4s '95 101% 101% B <fc Ocv 4%s ’6O 56% 56*4 Beth Steel 5s A ’42 102% 102% Can Pac 4s 57 78*4 78% Ch M St P & P adj 5s A 2000 B’/g 9% Ch M St P & P rs 5s A ’75.. 28 29 Cons Gas N Y 4%s ’57 104 103% Denmark 5%s ’55 92 92*4 Erie RR rs 5s ’67 65% 65% French 7s ’49 185*4 .... Goodyear 5s ’57 100*4 100 Gt Nor 4%s D ’76 69% 69 Gt Nor 7s An ’36 89% 89% Interboro RT 5s '66 76'% 76 Int T&Tdb 5s '55 62% 61% Lorillard 7s ’44 125 125 McKess & Robbison 5% ’SO-. 84 84 Nat Dairy db s*4s '4B 98% 98% N Y Central 5s O 2013 65% 64% Nor Am os '6l 84% 84% Pac Gas & El 5s A ’42 105% 105*4 Para Pub 5%s 'SO 55% 55% Poland 7s ’47 127% 126% Shell Union Oil 5s ’52 100% 100*. Sin Cons 6%s B '3B ....104 104% Texas Corp 5s ’44 103% 103% Un Pac Ist 4s ’47 105% 105% U S Rubber 5s A ’47 84’ a 83% Western Un 5s ’sl 82 82% Youngstown S & T 5s B '7O-. 84 83% FEDERAL FARM LOAN BONDS ißv Birth Sc Cos.. Inc.) Bid. Ask. 4fi Julv 1. 1946-44 96% 97% 4s Nov. 1. 1957-37 95’4 96% 4%s Julv 1. 1956-36 97 .97% 4% s Jan. 1. 1957-37 97 97; 2 4%s Mav 1. 1957-37 97 97% 4%s Nov. 1, 1958-38 97% 98 4%S Mav 1. 1942-32 99 99% 4*-s Jan. 1. 1943-33 99 99% 4'.s Jan. 1.1953-33 98 98% 4%s Julv 1. 1953-33 94% 9R% 4'-s Jan. 1. 1955-35 98% 98*4 4%s Jan. 1. 1956-36 98% 99% 5s Mav 1. 1941-31 100% 100% 5s Nov. 1. 1941-31 100% 100% —Home Loans—--3s Mav 1. 1952-51 96 20 96.28 4s July 1. 1951 96.29 96.30 —Federal Farm Mori gage Corporation—--3%s March 15. 1964-44 98.16 98.28

Produce Markets

Delivered in Indianapolis prices. Heavy hens, 13c: Leghorn hens. 8c; 1934 broilers. 2 to 4 lbs 12c: over 4 lbs.. 13c; Leghorn broilers. 10c; old roosters sc: ducks, 4c; geese. sc; young guineas. 20c: old guineas. 15c; No. 1 strictly fresh country run eggs, loss oft 19c. 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—No. 1. 29® 30c. Butterfat. 21c. Quoted by the Wadlev Company (By United Press) CHICAGO. Sept. 26—Eggs Market, firm: receipts 2 021 cases; extra firsts 22c, fresh graded firsts. 21c. current receipts, 186 19'jc dirties No. 1. 17‘ 2 c; No. 2. 14c; checks No. 1. 15' 2 e: No 2. 14c. ButterMarket. firm: receipts 9.477 tubs; extra firsts 1 90-91 1 2 score). 24®24'c; extras 92 score) 24\c firsts 'BB-89’ 2 score', 23®23'iC: seconds >B6-87'j score). 22® 22’ 2 c; specials. 25 I ®25 3 < c: standards. 24 s .c. Poultrv—Market. easy; receipts four cars. 14 trucks. 6 cars due. Frvers. white rock. 15c; broilers. 17®18c: geese voung. 11c; turkevs. .3 6 15c; old roosters. He ducks. 114516 c. springers, white rock. 15' 2 c: guinea hens, $4457: hens No. 2. 10c. Cheese—Twins. 12'-4®12 , 2 c; daisies 12 J ,f?l3c: Longhorns. 12V613C. Potatoes —Suppiv liberal: demand and trading slow; market dull; Wisconsin cobblers. $1.05® 1.17* 2 ; Minnesota Cobblers sl. early Ohios sl® 1.05 North Dakota red river Ohios. $115; Idaho Russets. $150@167' 2 combination grade $1 30® 1 35: Oregon Russets $1 60 combination grade $1 40. Armais 96 on track 298 shipments, 468 CLEVELAND. Sept 26—Butter—Market firm: extras. 29c; standards. 29c. Eggs— Market firm: extra whites. 24c; current receipts. 21c Poultry—Market firm: fowls, colored, 4' 2 lbs. and over. 19®20c: roosters old 12c: ducks, light. 12c Potatoes New Jersev mostly $1.3561.40 a 100lb. bag; New York. 10®75c a 100-lb bag.

Retail Coal Prices

l'R loliowini price* represent quotations from leading Indiana poll* coal dealers A 25-cent carrying charge oer ton will he added OOMESTIC RETAIL PRICED Anthracite **? 5S Brazil Lump 60 Brazil Egg I** Brazil Mine Rub 511 Coke. Nut Size •SO Coke. Egg Size ............ E.SC Indiana Forked Lumt No. and •. 6.75 Kent icky Lump. Group -V' 71} Pocanonra* Lump ■*} Pocahentaa Egg • Pocahontaa Mine Run Nil Surer Smoklaaa •*••••••••••••• U

INDIANAPOLIS, WEDNESDAY, SEPTEMBER 26,1934

GRAINS RECEDE MODERATELY IN PIT ATCHICA9O Wheat, Corn and Oats All Finish Fractionally Lower on Day. BY HARMAN W- NICHOLS United Pres* Staff Correspondent CHICAGO, Sept. 26.— Local traders and commission houses stood by the selling side of grains on the Board of Trade today and prices went lower. Wheat finished % to a i cent lower; corn was % to % cent o, and oats were unchanged to % cent lower. Wheat, at the start, made a disapopinting response to new firmness in world markets. The first break was followed by a rally, prompted by strength in "corn. But the local element which bought on the way up sold out on the way down. The market was extremely nervous and inclined to work independently of factors which normally control price movements. Little attention was piad to weather reports from the Canadian and American northwest. One point in Alberta suffered from 5 degree below zero temperatures. There was nothing in the news to account for the rather sharp rally in corn, except a weather report which indicated more rains would fall in sections of lowa where the yellow grain already has been damaged by too much moisture. Some attention was paid to the action of stocks although activity in Wall Street did not go very far toward influencing the grain market. Oats were dull throughout the session and inclined to copy the activity in other pits as far as price gyrations were concerned. Provisions were unsettled. Chicago Futures Range 12:15. Prev. Wheat— High. Low. Ch’go. close. Sept 1.05 1.04 1.04*12 1.04*4 Dec 1.04% 1.03% 1.03’/* 1.04V* May 1.04% 1.03% 1.04 1.04% Corn— Dec 79% .78% .78% .78% May 80% .79% .80V4 .80% Oats— Sept 54% .54% .54% ,54>/ 2 Dec 53% .52% .52% .53 May 52% .51% 51% .52% Rye— Sept 76*4 .76 .76 .77% Dec 78% .77'/* .76'/* .78% May 81% .80% .80% .81% BarleySept 83*4 .83 .83% .83 Dec 80 Va .79% .80% .79% May 73% .73 .73% .73 Local Wagon Wheat City grain elevators are paying 93 cents for No. 2 soft red wheat. Other grades on their merits. WOOL INTEREST GAINS Buyers Look Around After Being Absent From Market. By United Press BOSTON, Sept. 26.—A few wool buyers who had been out of the market during the strike are beginning to look around in the market, but as yet little business has been closed in greasy combing domestic wools, according to today’s deport of the United States agriculture department. Some business has been done in Boston on woolen wools with mills that have reopened. Reports indicate that there has recently been some business closed on wools loffered direct from Texas at around 58 to 60 cents scoured basis, delivered east. EMPLOYES ARE INSURED Business Machine Cos. Takes Out Policies for Workers. By Times Special NEW YORK, Sept. 26.—International Business Machines Corporation has insured approximately 6,900 of its employes for SI,OOO each under a group life insurance policy, Thomas J. Watson, president, announced today. “Each employe of International Business Machines Corporation who has been in the service of the company for one year or more now is insured under this group plan, the entire cost of which is borne by the company,’’ Mr. Watson stated.

Gleaning the News

Illinois Notes Sold The $6,000,000 state of Illinois 5 per cent revenue notes were acquired yesterday b ya Chicago banking syndicate on a bid of 100.317, or about a 3,125 per cent interest cost basis to the Dec. 1, 1934, call date. The notes were then reofiered to the public at 100 Va to yield 2 per cent to the call date and 5 per cent thereafter. Houdaille-Hershey Pays Taking cognizance of the increased profits shown during the first eight months of the year, the Houdaille-Hershey Company has declared a dividend of $1.25 on the Class A stock against accumulations. This is the second such payment this year. Middle West Plan Another reorganization plan for the Middle West Utilities Company has been presented in court at Chicago yesterday, and was acceptable to creditor and organized preferred stockholders, but unacceptable to organized common stockholders. Action on the appointment of a permanent trustee was deferred and another meeting will be held tomorrow. The new plan suggests anew company with an additional capitalization of 3.000,000 shares, in which secured creditors would have a 63 per cent interest and unsecured creditors the balance. Stockholders would receive stock purchase warrants only. Silver Trading Near Seat allotment on the new Montreal Silver Exchange has been completed. further advancing the way for the start of trading on Oct. 1. The size of the unit contract has been set at 10,000 ounces with commissions abou . on the same basis

MONTHLY] DAILY FROM JUNE Ist1 st 48 1 —! * j DAILY AVERAGE " 1 300 COMMON STOCKS 42 i 1 4Q ■ —Wcticl Market Bureau, Inc. ■ —————— 38 1 36 1 34 j 1 30 —I' ■ 28 til'i!' >f'l ; —-/T^r Iniiiii ii i ii i iS ih* / - lii Vii ill j _ i PI ii Wivr ii TTr 7 ] ~ iMM Ml 1 I 1 I 1 1 1 1 1 1 f 1 I 1 1 iimmiillipi Ii ii Pi ii * \ „I 1 I M I 1 II 1 1 1 I I 1 1 1 1 1 I 1 1 1 I * ii ii miii i 11 lit ii iV Pi ii i 1 ii ii m i ii ii M l < ii ii i M i i ii ii i ui ii p ii ii ii i iii* in iMi min ii i t i t ii ii i ii V>ozuaa>i 7 wzi 28 3 12 19 26 2 9 1*2330* 1320 JUNE JULY AUG - SEPT.

RETAIL FOOD PRICES HIGHfeT SINCE 1931 Labor Department Index Up 1.3 Per Cent. By United Press WASHINGTON, Sept. 26.—An advance of 1.3 per cent was recorded in retail food prices during the twoweek period ended Sept. 11, the Labor Department reported today. The increase placed the retail food prices at an index of 116.8, the highest since October, 1931. The index two weeks ago was 115.4; four weeks ago, 111.8 and a year ago 107.0. Meat led the current rise, with an increase of 3.5 per cent. Cereals advanced V 2 of 1 per cent. Os fortytwo food products covered in the report, twenty-three showed price increases, eight decreases and eleven were unchangd. Price increases were registered in corn meal, flour, rolled oats, cheese, fresh milk, bacon, ham and baked beans.

Other Livestock

(By United Press) CHICAGO,* Sept. 26—Hogs—Receipts, 16.000, including 7,000 directs; market slow, 10c to 15c lower than Tuesday; 210300 lbs.. $5.85@7; top. $7: 170-200 lbs., [email protected]; light lights. $5.25<g6; most pigs $4.50 down: packing sows, [email protected]; lifht lights. 140-160 lbs., good and choice, so@ 6.15; light weight, 160-200 lbs., good and choice, [email protected]; medium weights, 200-250 lbs. .good and choice, $6.70 , 5'7; heavy weights, 250-350 lbs., good and choice. $6.65 @7; packing sows, 275-550 lbs., medium and choice, [email protected]; slaughter pigs 100130 lbs., good and choice, $3.50(i?5. Cattle —Receipts, 8,000 commercial. 3,000 government; calves 1,500 commercial. 1,500 government; general market very slow, liberal supply good to near-choice light and medium weight cattle here; asking P r '9es higher; few early sales about steady with recent 50 cents decline; shipper demand narrow and local killers only mildly interested; holdover from early in week sizeable; part load medium weight $8.75: most early sales better grade steers and yearlings, $8.259.50; cutter cows firm to 15c higher; other classes clow, steady; slaughter cattle and veaMrs: steers 550900 lbs., good and choice. $5.75®9.50; 9001,100 lbs., good and choice. $6.25(3 10 25; 1.100-1,300 lbs., good and choice. $6.50® 1b.50: 1,300-1,500 lbs., good and choice $7.50® 10.75; 550-1.300 lbs., common aftd medium. $2.75®7.50; heifers, 550-750 lbs, good and choice, ss®B; common and medium, $2.75@5; cows [email protected]; common and medium. [email protected], low cutter and cutter. $1.75®2.75; bulls yearlings excluded, good beef |3.10®4; cutter common and medium. $2.50®3.35; vealers good and choice. $6.75®8.50: medium $5 @6.75: cull and common, s4®s; stocker and feeder cattle: Steers 550-1,050 lbs., good and choice. $4®.6; common and medium. $2 [email protected]. Sheep—Receipts, 12,000; commercial' 7.000 government; generally around steady; bulk native lambs bid, $6.50; early top $6.75; best held higher; native evees. $1.50®2.25; feeding lambs quotable. ss®6 or above; slaughter sheep and lambs; lambs ,90 lbs. down, good and choice. $6.25®6.75: common and medium, ss® 6.35; ewes. 90-150 lbs., good and choice. $1.6502.50: all weights common and medium,'sl.so® 2; feeding lambs, 50-75 lbs., good and choice, [email protected]. FT. • WAYNE, Sept. 26.—Hogs—5®40c lower; 250-300 lbs.. $6.75; 200-250 lbs., $6.60: 180-200 lbs , $6.40: 160-180 lbs.. $6.20; 300-350 lbs.. $6.50; 150-160 lbs.. *5.50; 140150 lbs.. $5.25; 130-140 lbs.. $5: 120-130 lbs., $4.35- 100-120 lbs.. $3.60: roughs. $5; stags, $1.75.' Calves, $7.50; lambs, $6.25._ SWEDISH ISSUE CALLED By Times Special NEW YORK, Sept. 26.—The Swedish national debt office has called for redemption on Nov. 1, all the outstanding bonds of the 30,000,000 kroner issued floated in this country in 1924.

as those which prevailed on the New York exchange. Silver Purchases Advices emanating from New York declare that the United States government has resumed its purchases of silver in the London market. While the treasury had been occupied with its huge Sept. 15 refinancing program, silver transactions had been halted. Such reports, however, are easily nurtured for the treasury maintains a strict silence on its activities. Wheat Exports Up Export clearances of Canadian wheat for the week ended Sept. 21 amounted to 3,402,691 bushels, an increase of more than 500,000 bushels as compared with the previous week’s clearances of $2,878,624 bushels, according to the Dominion bureau of statistics. A decrease was shown, however, in comparison with the 3,887.203 bushels exported in the corresponding week last year. Bus Sales Good The White Motor Company announces the sale of more than $814,000 of new thirty-two-passenger city coaches. Although only exhibited within the last few weeks and* officially shown for the first time during the American Transit Association convention now in progress in Cleveland, orders for seven-ty-four coaches have been received from eleven customers. FCA Redeems Farms A total of 7,275 farms have been repossessed by their owners since organization of the Farm Credit Administration, Governor W. J. announces from Washington. Os this number, 3,560 were repurchased, 1.512 were redeemed after foreclosure of a first mortgage and 110 after second mortgage foreclosures.

Wall Street BY RALPH HENDERSHOT Times Special Writer. SEVERAL phases of the “New Deal” have been attacked successfully in the courts during the past week or so, and the chances are that, emboldened by these results, opponents of the NRA will become even more active in the judicial branch of government than they have been thus far. In all probabil-

ity, however, several months will have elapsed before it is possible to get important cases before the supreme court, and in the meantime there is likely to be no little confusion in industry. It should have been obvious from the start, of course, that some of the features of

Hendershot

the NRA would prove unsatisfactory. The administration even conceded as much. It was and still is experimental, but actual practice has revealed good as well as bad points. It should be possible, by reason of court tests and experimentation, to separate the good from the bad in the act and to reconstruct it on a basis which will bring permanent betterment. Many of those who now oppose the NRA were for it in the beginning and received benefits from it. Big business was helped by the curb which was placed on the smaller fellow, who was able to undersell it in many instances under the peculiar circumstances existing when it was brought into being. Big business also was able for the first time effectively to cast aside many of the provisions of the Sherman anti-trust laws. Its gf.in in the right to organize was, of course, offset to a large extent by the right given to labor also to organize. And more recently price fixing has been discouraged, so in the final analysis it may show a net loss in benefits. n a a DEMANDS have come from many quarters of late for the permanent stabilization of the dollar in some fixed ratio to gold. That is a subject, of course, to which all students of money have given considerable thought. While there is disagreement over the theory that a permanent fixed value would help business at this time, many are wondering how this country could safely take such a step so long as there is so much confusion among other nations. Currency values are definitely tied up with international trade and the nationalistic policy on such trade is still very much in vogue throughout the world. England has adhered to a vigorous trade policy throughout the depression. She has set 'he pace in many respects, suspending the gold standard a year before we did and making individual trade agreements long before we thought of it. England has no intention of placing a fixed value on her currency, according to London dispatches, and several other countries are on the verge of suspending the gold standard, in the opinion of competent observers. Under the circumstances it would seem to be a rather bad time, many believe, for this country to make its monetary bed. u n n THE United States has shown a desire to keep the dollar i pegged at its present level. Heavy i shipments of gold have been permitted to leave this country for that expressed purpose. Uncertainty will continue, of course, so long as demands for a further reduction in the dollar’s gold content persist, but it is rather difficult to see how the government could do much more in that direction than it has done, in view of the circumstances. WORKING HOURS ARE CUT Members of Shirt Institute to Boost Wages 10 Per Cent. By Timet Special NEW YORK, Sept. 26.—Reduction in working hours from forty to thir-ty-six a week and an increase in wages of 10 per cent, was announced today by the Shirt Institute. The change will be effective Oct. 1. Approximately one hundred manufacturers are members of the institute. They produce 25 per cent of the men’s shirts and 50 per cent of the children’s shirts marketed. The revision will provide a sl3 weekly minimum wage scale in the north and sl2 weekly minimum wage in the south. Members of the institute employ fifteen thousand persons in eight states. BONUS DISCONTINUED By Timet Special CHICAGO, Sept. 26.—The Laclede Gas & Light Company recently notified the New York Stock Exchange that payment of a bonus on unextended refunding and extension mortgage bonds, due April 1, 1934, will be discontinued.

Stock, Bond and Commodity Quotations.

LIFE INSURANCE UP FOR MARION COUNTY August New Business Put at $3,264,736. The General Agents’ Association of Indianapolis announces that thirty-five life insurance offices, producing about 85 per cent of all the life insurance written in Marion county, received 1,282 applications during August for a total of $3,264,736. The figures for July were from twenty-eight offices, which showed a total of $2,781,997. The same twenty-eight offices for August showed $2,736,840, a drop of about 1% per cent, which is considered a good showing in view of the fact that alsharp decline may be looked for in August, the low month of the year. The fact that the midsummer decline this year was negligible would seem to indicate that business conditions in the county are on the t upgrade for the life insurance writings may be taken as an index of general conditions.

Local Livestock

HOGS Sept Bulk. Top. Receipts 20. $6.75® 7.05 $7.35 5,000 21. 6.70® 7.00 7.15 6.000 22. 6.50® 7.15 7.25 1.000 24. 6.00® 6.90 7.05 5.000 25. 6.40® 6.70 6.95 5.500 26. 6.40® 6.70 6.95 4,000 (140-1601 Good and choice-. $ 550® 625 (160-180) Good and choice ... 6 25® 6.60 (180-200) Good and choice ... 6.60® 680 (200-220) Good and choice ... 6.80® 6.90 (220-250) Good and choice ... 6 85® 6.95 (250-290) Good and choice ... 6.75® 685 (290-350) Good and choice ... 6.55® 6.75 Packing sows: „ „„ 275-350) Good 6.00® 6.25 (350-425) Good 5.85® 6.15 (425-550) Good 5.60® 6.00 (275-550) Medium 5.25® 5.75 (100-130) Slaughter pigs good and choice 3.25® 4.75 CATTLE Receipts, 600. —Steers—-(sso-900) Choice $ 7.50® 9.00 Good 6.25® 8.25 Medium 4.25® 6.50 Common (900-1.100) Choice 8.50® 10.00 Good 7 00® 9.00 Medium 4.50® 7.00 Common 3.25® 4.50 (1.100-1,300) Choice 9 00® 10.00 Good 6 75® 9.00 Medium 4.75® 6.75 (1.300-1,500) Choice 8 25610.000 Good 7,25® 9.25 —Heifers (550-750) Choice $ 7.00® 7.75 Good 5.50® 7.00 Common and medium 2.75® 5.50 (750-900) Good and choice ... 5.75® 8,00 Common and medium 2.75® 5.75 —Cows— Good 3.50® 4.50 Common and medium 2.50® 3.50 Low cutter and cutter 1.25® 2.50 —Bulls—(Yearlings Excluded) Good 3 oO® 3.55 Common and medium 2.00® 3.00 VEALERS Receipts, 700 Good and choice $ 7.00® 7.50 Medium 4.50® 7.00 Cull and common 2.50® 4.50 —Calves—-(2so-500) Good and choice ... 4.75® 8.50 Common and medium 2.50® 4.75 —Feeder and Stocker Cattle—(Steers) (500-800 Good and choice .... 4.50® 5.50 Common and medium 3.00® 4.50 (800-1.050) Good and choice.. 4.50® 5(.50 Common and medium 3.00® 4.50 (Heifers) Good and choice 3.00® 4.25 common and medium 2.50® 3.00 —Cows — Good 2.50® 3.00 Common and medium 2.00® 2.50 SHEEP AND LAMBS Receipts. 2,000 Lambs. 90-lbs. down, good and choice t 6-00® 8.75 Common and medium 4.00® 6.00 (90-1201 Good and choice ... 2 00® 2.50 (120-1501 Good and choice ... 1.75®2.25 All weights, common and „ medium 1 25® 2.00

Other Livestock

(By United Press) LAFAYETTE Sept. 26 Hogs—Market, steady; 225-250 lbs . $6.75: 2SO-275 lbs . $6.70: 275-300 lbs., S6 60; 300-325 lbs.. $6 40; 210-225 lbs . $6.70; 200-210 lbs . $6 60; 190200 lbs., $6 50; 180-190 lbs . $6 40; 170-180 lbs . $6 30: 160-170 lbs.. $6.15; 150-160 lbs.. $5 50: 140-150 lbs , $5.25: 130-140 lbs.. $5; 100-130 lbs.. s3® 4.50; roughs. $5.75 down; top calves. $6 50 down. Lambs. $6.25 down. (By Times Special) LOUISVILLE. Sept. 26 —Cattle—Receipts, 250; demand narrow; market, very slow, opening about steady: bulk common to medium steers and heifers quotable, $2.75 ®4.25; very little on sale: eligible above $4.50 bulk beef cows. $2 256 3: low cutters and cutters. sl®2; sausage bulls salable mostly $2.75 down; bulk desirable Hereford stock calves. $4.506 5: common to medium grade natives. $2.50®3.50. Calves —Receipts 225; steady; bulk better vealers. $6 6 6 50; mediums. $56 5.50: plainer grades and heavy grass calves, $4 50 down. Hogs—Receipts, 800; steady; top and bulk better 200-250 lbs.. $6.70: -180-195 lbs . $6 45: 225 lbs. up. $6 25 160-175 lbs . $5 85; 140-155 lbs., $5 35; 120-135 lbs., $3 85: sows, *5 50. Sheep—Receipts. 350: steadv: bulk better lambs, $66 6.25; choice quotable to *6 50; bucks mostly *565.25: light throwouts. *3.50; desirable fat slaughter ewes, mostly $1.506,2.25: better stock ewes salable, *6®7 50 a head.

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STABLE OOLLAR SEEN AWAITING WORLD_ACCORD Tariff Walls, Exchange Curbs and Import Quotas Called Barriers. Thi* I. another of the eerie* of artirlrl In which economic topics are discussed. JULES BACKMAN AND A. L. JACKSON, Vice-President*. Eronomic* Statistics, Inc. The statement of the American Management Association regarding monetary inflation was a simple and clear analysis of the effects of the steps which have been taken in con nection with money. The statements should be read by every one interested in gaining a clear grasp o£ where our monetary policy is leading us. In conclusion, they suggest a bold program to undo most of the harm that is inherent in the legislation passed since the banking holiday. If the measures which are outlined below could be adopted, there is no question but that they would produce a “slow but sure recovery.” Four Recommendations The four recommendations mada were: That the President announce his firm purpose that there will be no further debasement of our monetary standard, but that his intention ig to stabilize as near to the old paE as practicable. That, as soon as the dollar is stabilized, both our paper and silver money shall again be made convertible into gold, and that all restrictions on the private holding of gold shall be removed. That all silver legislation passed by the recent congress shall be repealed at the next session. That the so-called “inflation.” or “Thomas,” amendment to the Agricultural Adjustment Act, passed on May 12, 1933, shall similarly be repealed at the next session of congress. Would Be Big Poon A definite statement by the President that he would stop tinkering with the currency would be the greatest single boon toward the busineSvS recovery. The dollar can not be stabilized on a permanent basis until the impediments to international trade, such as tariff barriers, quotas, foreign exchange restrictions, etc., are removed. Serious difficulties would also be encountered if the dollar were to be revalued upward to any considerable extent. The third suggestion, namely that the recent silver legislation should be repealed at the next session of congress, is one that is apparently politically impossible of accomplishment. The silver states, with a relatively large number of senators and the powerful silver bloc, will certainly fight hard to prevent any such step. Practical Problem Arises A practical problem arises in connection with the recent nationalization of silver. How will this action be undone? The problem will be made more intricate if silver certificates are issued against the silver received by the treasury. The repeal of the Thomas amendment to the agricultural act would certainly be a contribution to business “sentiment,” but here again a powerful lobby, in the form of the committee for the nation. Father Coughlin and Senator Thomas, willdo all in its power to prevent the repeal of this measure. The success that this group has had in having its pet projects accepted by the administration definitely indicates that the repeal of this amendment ia virtually impassible. However, this program represents one of the few logical conceived plans to thwart the forces of inflation before they create the havoc which must follow in their wake. LOW BIDDER NAMED By United Press WASHINGTON. Sept. 26.-Stand-ard Construction Company, Tacoma, Wash., today was apparent low bidder with $41,724 for construction of the Montesano (Wash.) postofflee* Harry Boyer Sons & Cos., Olympia, was second with $41,753, and Howard S. Wright & Cos., Seattle, third, with $43,700.

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