Indianapolis Times, Volume 46, Number 119, Indianapolis, Marion County, 27 September 1934 — Page 22

Business and Industrial Developments.

22

LIST DISPLAYS GAINS RANGING UP TO 2 POINTS High-Priced Issues Make Widest Swings, With Volume Gaining. Hf U4Ur4 Prm, NEW YORK. S*pt 27 —Th** stock market gained steadily in the early afternoon trading today and at the end of the third hour registered gains ranging to more than 2 points. Higher priced issues made the widest swings. Spiegel-May Stem Allied Chemical and Continental can were up more than 2 points, while gains of a point or more were noted in United States Steel. Atchi- ' son. Auburn Auto. Johns-Manville. Loews, American Can. Delaware Hudson and Celanese Corporation. Sales to 1 p m. totaled 390.000 shares, against 500 000 shares in the corresponding period yesterday. A slight gam m volume was noted on the rally. All sections of the list participated in the rally, with the exception of the gold mining shares. In the latter group Mclntyre Porcupine lost nearly 2 points to 45 %. Commodities strengthened with grains showing fractional losses; cotton steady; sugar up a point or so; silk up 1 to 2 cents a pound, and rubber a few points lower. Curb stocks followed issues on the big board in the recovery, but bonds showed an irregular decline.

Money and Exchange

INDIANAPOLIS STATEMENT Clearing* .. $1.87n.00n on Debits 4.248 000 00

Treasury Statement

ißv United Press WASHINGTON. S*pt 27 —Government j expenses and receipts for the current | fiscal year to Sept 25. compared with the corresponding period of the previous fiscal | Tear: This Year Last Year XXpenSea SI 444 3*5 177 37 5849.915.214 39 Receipts 919 709 808 28 640 789 456 07 Deficit 524 67V371 09 209 125.758 32 Cash bal 2 190 287 363 54 U. S. AUGUST EXPORTS GAIN OVER LAST YEAR First Such Increase Shown Since July. 1929. By T’nited Pres WASHINGTON. Sept. 27.—United States exports increased 6 3 per cent in August while imports dropped 6.1 per cent compared with July, the commerce department reported today. Exports increased over the corresponding month the year before for the first time since July. 1929. the department said. Exports, valued at $171,956,000 compared with $161,655,000 for July, increased largely on account of seasonal gains in shipments of tobacco. > fruits and grains and a large movement of lumber, iron and steel mill products, machinery’ and fertilizer, the department said. Imports, valued at $119,515,000 compared with $127,229,000 for July.! declined largely because of smaller shipments of tin. crude rubber, ex- 1 pressed in edible oils and fats, raw hides and skins, burlaps, newsprints and coffee. CANADA CONSIDERING HUGE REFUNDING LOAN 5260.000.000 Issue Will Be Strictly An Internal Operation. By l’nit fit Press OTTAWA. Ont.. Sept. 27—A refunding loan of at least $260,000,000 will be launched by the Canadian government next week, it was understood today. The issue will be entirely confined j to Canada and will be offered to the people at attractive prices. ! Pending official announcement of the date of issue no authentic information is available. It is believed, however, that United States holders of the 1919 victory loan will have the privilege of converting if they so desire. It is expected that four maturities namely, two-year, five-year, eightyear and fifteen-year bonds with interests rates being 2. 2*2. 3 and 34 per cent, respectively, will be issued. FAILURES AT NEW LOW Week's Total Smallest Since 1920, Dun's Report Shows. By Timm Special NEW YORK. Sept. 27.—Business failures in September have been at the minimum for any month this year or for a great many years. The number in the United States for the week ended Sept. 20. as shown by the records of Dun A* Bradstreet. Inc., was 182. compared with 199 and 174, respectively, for the two preceding weeks. • For the week of Sept. 21. 1933. there were 259 similar defaults. In no full week since September. 1920. have there been so few failures reported in a single week FREIGHT LOADINGS RISE Three Companies Report Increases Over Previous Week. By Times Special CHICAGO. Sept. 27.—An increase in loadings last week over the preceding week was reported by three companies, the Illinois Central, the Wabash and the Southern Pacific, it was announced today. Illinois Central loadings totaled 30.120 cars, compared with 29.657 in the previous week. The Wabash system reported freight traffic at 12.351. against 12.261 m the preceding week. The Southern Pacific Company with a total of 26.086 cars showed a gain of 194 cars over the previous week. dairy output higher By Ttons Special WASHINGTON, Sept. 27 All dairy products, with the exception of butter, registered a substantial increase in August despite tne drought, according to the departrfrm of agriculture. w s

New York Stocks

ißy Abbott. HoppinNoon Prtr I oil*— High Low N Y close A'. Rtf 24*. 24*. 24*. 24% BarnMiall 6% ®‘ *, ® * Consol OH I‘i % J* .Ji* Cont of D*l ... 19% 1*; }>'* }*> Mid Cont Pet ... 11*. U*. U*. }t** Ohio OH 10*. 10 a 10 lO-s Phillips Pet .. IS*. 13% 13% **• Plymouth Oil • ? • 5, 4 Pure OH 7*. •' • • '* Shell Un % s*• ,s?* ,5w Soc v*c 14*j 1 • if * J4N SO of C*l ... 31*. 31 J Jt'j 31 SO of Ir.d ... 2S'. 25Jj 35*. 23% SOOf N J 43*. 4J% 43', 43, T*x* Corp 23* 23% 21 . 23 2 Tidewirer Asn 9*. 9 * ®* *,• Ur. Oil of C*l 14 7 , 14’. 14’. 14 , Steels— Am Roll Mill* 17% I], 17% 17% Rth S' —1 25% 2429', 28*. Bvers A M 19% }S J% } Crtae S-eel ... 1* 19 19 19*s Inland S eel 38 38 38 38 • N*,l S’eel 38 1 a 38', 36‘, 38 , Oti* Steel 5 5 5 5 Rep Iron Ar Steel 13', 13'. 13_j :?,* Rp Irn At SM pfd 41% 40*. 41', 41 . U S P-pe Ac F<lv 19% > * iU S 33*2 34*% 38 2 jC S Stppl pfd 74 74 <4 *3 2 Wsrrer. Bros 6% 8S B*. 6a Youns*n 8 At T 17 16 17 16'a Motors—- ' Auburn 26'2 26 26 25*. Chrysler .... 34'a 33*. 34S 33 Sn Motor. ... 29*J 29*. 29*. 29% f Graham Mot ... 1% 1. ' " i? i Hudson a t\ 8S 8% ! Hupp .... 2*n 2'g 2 • ,*. 2 Na*n 14'* IJ** 24 * 4 i Packard Jf 4 2* 4 2i 4 93* Reo 2'. 2'. 2% 2*. Studebaker 2*. 2 • 2' 3 Yellow Truck 3 1 , 3% 3*a 3-h Motor Acre,*— Bendlx 12*. 12*. 12S 12% i Bohr. Alum 49*. 49% 49 a 49 a ] Bor? Warner 22*. 22 22 22 • E>c Auto Lite 23*. 23*. 23'a 23% Houdallle -A> 4'. 4' } * Murrav Bodv s‘* 5 s*s 5 S’fw Warner ">'• Timken Roll ..30 30 30 29*. Minin?— Al>* Jun ... 19*. 19'. 19*. 19* j Amer Smelt 34*. 34*. 34_ 34.* Cerro de Pasco 36 • 36*. 36 '. 36j Dome Mines .42 41*. 41*. 42', Granbv 6*. 6*. 6*. . Howe Sound .... 50'a 49N 50*4 49 . In Nickel 25', 25 2514 25', ; Kennecott Cop . 18> 18% If’. 19 i Mclntyre Mine .41 * a 45*. 45’. 47% Noranda Cop 4040 40 40', Park Utah ... 3'a 3% 3% 3% Phelps Dodee .. 15% 15 15 15 St Joe Lead ... 17 17 17 17 C S Smelters .116*. 114*. 116', 116 a Vanadium ... 17% 17% 17% 17% Amusement*— Fox Thea ... 12*. 12*. 12*. 12% Loews Inc 29’, 28% 29* 28% | Radio Corp 6 s’s 5% * RKO 2% 2% 2% 2% Warner Bros 5% 5 5% 5% Am Tobacco A 74% 74% 74% i4% Am Tobacco B 76*. 76 76*. <6*, Oen Cigars 47*. 47*. 47*. 47*. Ligg Ac Mvers B 97*, 97% 97% 97*, Reynolds Tob B 47*. 47% 47% 47 Rail*— Atchison 51% 50% 51% 50% At! Coast Lines 32*, 31 32** 31 B Ac O . 16% 15% 16*, 15*. Can Pac 13% 13% 13% 13’, Ch Ac Ohio 43% 43 43*a 42*, C M Ac St P 3% 3*. 3*. 3 s * C M Ac St P pfd 5% s*, 5% 5% Chi N W % 6*, 6% 6’, Chi N W pfd . 12 12 12 11% Dela Ac Hud 41% 40 41% 40 Del Lac Ac W 18'. 17% 18% 17 s , Erie 12*. 12% 12*. 12% Gt Northern pfd 16 15 16 15% 111 Central IS 17% 17*, 17 K C Sou S’* 8% 8% 8 Lou Ac Nash ... 42\ 41% 42% 41% M K Ac T .6*. 6% 6*. 6*. M K Ac T pfd . 16*. 16% 16% 16% N Y Cent 23% 22*. 23% 22% N Y C Ac S L pfd 21 20 21 20 s , N Y New Haven 11% 10% 11% 10*. Nor Pac 19", 18*, 19*, 18% Penn R R 23*, 23% 23% 23% Sou Par 19% 18*, 19% 18*, Sou R R ... 17% 16', 17% 16*. Sou R Tt pfd 21% 20*, 21% 21 Union Pac 101% 100 101% 101% West Maryland . 9% 9 9*, 9% Equipments— Allis Chalmers 13 13 13 13 Am Brake Shoe 23 23 • 23 22% Am Car A: Fdv . 17% 17% 17% 17% Am Loco .. 17 16*, 17 16 | Am Loco pfd .. 42% 42% 42% 39 | Am Steel Fdv . 14 14 14 14 , Bald Loco 8 8 8 8 Burroughs . . .. 12% 12% 12*, 12% Case J I 43% 43 43*. 42% Deere Ac Cos 17*, 17% 17*, 17% Gen Am Tk Car 32*. 32*. 32*. 32% Gen Elec .. 18*, 18’, 18% 18% Int Harvester 30 29% 30', 29*. Natl Cash Reg 13% 13*, 13’, 14% Pullman Inc ... 40*, 40*, 40% 39% Rem Rand 8% B', 8% 8% West Air B ... 19% 19% 19% 19% 1 Westingh Elec 33', 32*, 32** 32% Worfhingtn Pmp 17% 17% 17% 17% i Utilities— Am Pur Ac Lit 5% 5% 5% 5% ; A T Ac T .113 112% 112% 112% Am Wat Wks 17*, 17% 17*, 17*, j Col Gas Ac Elec 9% 9% 9% 9*, Com Ac Sou 1% 1% I** I*, Com Ac Sou pfd 36 35 36 37 Consol Gas 30% 29% 30 29% Elec Pur Ac Lit 4% 4% 4% 4% EPAc L pfd 9% 9% 9% 10 Int Hvdro Elec 4’, 4% 4% 4% Int T Ac T .. 10*. 10% 10% 10% I Lou GAEA. 14% 14% 14% 14*, Nat Pwr A- Lit B*, 8% 8% B*, North Amer ... 14% 14 14*, 14% Pac G Ac F. 14*, 14*. 14*. 15% Peoples Gas 26% 2o 26 26% Postal Tel pfd . 15% 14% 15% 15 Pub Serv NJ .. 32% 31*. 32% 31*. So Cal Edison... 12 12 12 11*. Std Cls 8% 8 8* 8% United Corp .... 4% 4 4 4% Un Gas Imp . 14’, 14 s , 14’, 14 s , Western Union ■ 35*, 35 35*, 34*. Rubbers— Goodrich 10% 10% 10% 10% Goodvear 22*, 27*. 22% 22 U S Rubber 16% 16% 16*, 16% U S Rubber pfd 40% 39‘. 40% 39% Miscellaneous— ■ Am Can 99% 98 98*, 98*. Anchor Cap 16 16 16 16 Brklvn Man Tr 40 39 40 38% Conil Can 83% 82% 83% 82’, Eastman Kodak 99% 99% 99% 99 Gillette • 11% 10% 11% 11 Inter Rapid Tr 14% 14 14 13% Owens Bottle 66% 66 66% 65% Ravbesios Mfg . 17% 17% 17% 16% Foods — Am Sugar 67 67 67 67'. Armour "A" ..6% 6 6', 6 Borden Prod . 21% 24% 24% 25% Cal Packing 38*, 37*. 38% 38% Canada D G Ale 15% 15% 15% 15% Corn Prod 64*, 64 64% t>3 Cuban Am Sugar 8% 7 s . 8% 7% Gen Foods . . .30 29*. 29% 30 Gold Dust 18% 17% 18 17% Natl Bisciut 30 29% 29% 30', Natl D Prod 17% 17 17 17 Purity Bak 9% 9’, 9*, 10 Std Brands 19% 19% 19% 19% Un Biscuit 22*. 22*. 22*. 23 United Fruit ... 74% 74 74% 74% Retail Store,— Asso Dry Goods 11% 11 11% 11 First Natl Stores 64% 63% 64% 63*, ! Gimbel Bros 3% 3*. 3*. 3*. :Gr Un Tea .. 5% • s*, 5% 5% ! Hahn Dept Sts . s’, 5% 5% 5% Kresge S S 18 17** 18 18% Kroger Groc ... 28% 28% 28% 28% Macv R H 41*. 40*. 41% 40% Marshal! Fields . 12% 11*. 12% 11*, May Dept St 38*. 38% 38*. 38% Mont Ward 27% 26% 27% 26% McClellan Stores 8% 8 8 8 Penny J C 61 60 60% 60*,

On Commission Row

Quotations below are average wholesale prices being offered to buyers bv local commission dealers FRI ITS—Cranberries. Cape Cod early blacks. 25-lb box. $3 Grapes. Michigan Concords. 4-qt. basket. 16c; 12-qt. basket. 38c. Ca’.ifornia seedless. 27-lb. box. $165. Crafcapples. Michigan hvslops. bushel. $2. Pers.mmons Indiana. 12 qts. 90c. Plums. Italian prunes. 16-lb. box. sl.lO. Pears. Michigan Bartletts. bushel. $2 65; Avacados ! box. $1 50 Quinces, bushel. $3 WatermeiI or..* 25c each Bananas, pound. 5%c. VEGETABLES—Cabbage. Northern Oan- ' :sh 50-lb. bag. 75c: red. bushel. $1.35. S Onions. Idaho sweet Spanish, large. 50-lb tag $1 40; Michigan, yellow. $1: Indiana. 1006. bag 22c: white boilers. 10-lb. bag. 35c. Western white. 50-lb ag. $1.75; homegrown pickling. 10-lb tag. <sc Potatoes. Northern Cobblers. iOO-lb. bag. $1 35. Wts- : constn round white. 100-lb. bag. $1 55: Ohtos. 100-ib bag. $150: Idaho Russets. ; 100-;b. tag $2 10 Sweet potatoes Eastern Yellow Jersevs bushel. $1 50; Indiana Nancy Halls, bushel. $1 35 Beans, homegrown stringless. busheL $1: Kentucky Wonders bushel. 85c: Limas, large, pound, j 20c Beets, dozen. 30c. Carrots. Ohtos. dozen. 30c: Ohio icut offs', washed. 22-lb. basket. 75c; busheL $125 Caultflower. crate. $1 60 CelerT. Michigan, medium, dozen. 45c; Jumbo, dosen. 65c: hearts, bunch. 90c. Corn, home-grown, dozen. 20c Cucumbers heme grown, bushel. $1.50: dozen. 35c: dills, dozen. 75c Endive. 2 dozen. 65c Egg Plsnt. dozen. 75c. Kale. busheL 60c. Lettuce, outdoor. 15-!b. basket. 65c Mtncos busheL $1 Mint, dozen. 50c. Parsley, dozen. 35c. Peas hamper. $2.50. Peppers, red anger. busheL $1.75: 5-lb. basket. 50c ' Radishes 2 dozen. 75c. Spinach New Zealand, bushel. 60c. brosdleal. basket. 50c Radishes. 2 dozen. 75c. SplnbusheL $1 25 Tomatoes outdoor. 12-lb basket 50c; busheL $1 50 FRUITS AND VEGETABLES ißv United Press* CHICAGO Sept 27 —Apples— Michigan, bu Mclntosh. 5% inch. $1 2501 50 Tomatoes—Ohio. 8-qt. baskets. 53c Sweet Potatoes Tennessee, bushel. 9Ocosl j Peaches-Micfctgsn. bushel. s2<u2 50 Lettuce —California, crates. *2 50 a 3.25. Beans —lllinois, crates $2 O 0 325 Beans—lllinois green, busheL 60i75c Cabbage— Wisconsin, crates 500 60c Carrots—California crates. $1 2501 75. few. $2. PepKts —Illinois, bushel 50*i75c Eggplant— Lnois. bushel. 150 25c Celery—Michigan, j crates squares. 40 ti6oc CauliflowerWestern. crates. $1 Grapes Concord. I Michigan. 12-Qt.. 256 26c Cranberries—--1 Massachusetts, boxes. 1-3 bushel, 63 50 Orion market >W>-ib tackn: Michigan, yellows MjaT3%c: Idaho whites. Mc $1 10. IdshAHYeliewa. Utah, pal-

Abreast of The Times on Finance

Safeway St 46% 46% 46% 46% Sears Roebuck 40% 39*, 40% 40 Woo!worth .... 49 48’, 49 48*, Aviation—• Aviation Corp .. 4% 4 4 4% CurtUs Wrignt 2’, 2% 2*, 2’, Curtiss Wright A 7’, 7% 7*, 7 s . Douglas Air . 16% 15’, 16% 16 North Am Av... 3% 3% 3% 3% Speery Corp 7% 7% 7% 7% united Aircraft . 9% B’, 9% 9 Chemical,— Air Reduction . 106 100 100 102*, Allied Chem . . 125% 125% 125% 125% Am Com Alco .. 28% 27*, 28% 27*, Col Carbon ... 68% 67% 68% 67 Com Solvents ... 20% 20% 20% 20% Dupont 91 90 91 90*, Freeport Tex 23*. 23% 23% 23% Liquid Carb . 21% 21% 21% 21% Math Alkali 27 27 27 26% Monsanto Chem 53’. 53% 53*. 53% Natl Dis I new. 20*. 20% 20*, 20% Srhenelev Dist 23% 23 23% 23% Tex Gulf Sulph 36% 35’, 36% 36 Union Carbide 44% 43 44% 34 U S Indus Alco 37*. 36% 37*. 37% Virg Ch 6% pfd 18 18 18 17% Drugs— Cotv Inc 5% s*, s’. 5% Lambert 24 23% 24 24 Lehn A- Fir k 14% 14% 14% Un Drug .. 11*, 11*, 11%% 12 Zonite Prod .... 4 4 4 4 Financial— Adams Exp 7% 7% 7% 7% Allegheny Corp . 2 I*, I’, 1% Chesa Corp . 39% 39% 39% Lehman C’orp .. 70 69’. 70 70 Transamerica .. 5% 5% 5% s*, Tr Conti Corp . 4% 4 4 3% Building— Am Radiator .. 13*, 13% 13% 13*. Int Cement ..21 21 21 22 Johns Manville .. 8% 47*, 48% 47% Household— Col Pal Peet ... 14*. 14% 14*. 15% Congoleum 28 27*. 28 28 Ke.vmator ... 13% 13% 13% 13% Proc Ac Gamble . 37*, 37% 37% 37% Simmons Bed . 10% 10 10% 10% Textiles— Belding Hem .. 13 12% 12% 12% Celanese Corp . 24% 23% 24 22*, Collins Aikman 13% 12% 13 12% Gotham Hose .. 5% 5% 5% 5% Indus Ravon . 25% 24% 25% 24% Kavser Julius ... 14 14% 14% 14 Real Silk 6% 6% 6% 5%

Chicago Stocks

ißv Abbott. HoDDin & Cos.) 12 30. Prev. High. Chi. close. BerehofT Brew Cos 3% 3% ButTer Bros 8% 8% Chicago Corp com I*, 1% Chicago Corp pfd 25% 25^ Cities Service 1% 1% Commonwealth Edison . .. 44*, 43*4 Cord Corp 4 4 Crane Cos 8 8% Great Lakes Aircraft .... 15 15 Noblitt-Sparks Ind Inc.. .. 14% 14% Prima Cos 2% 2 s , Quaker Oats 125 125 Swift A Cos 19% 19% Swift International 38% 38*4 Vortex Cup Cos 13*. 13%

New York Bonds

Bv Fenner & Beane Prev. Close, close. Allen Corp 5s 'SO 23% 23% Am & For Pwr 5s 2030 53% 53% A T <fc T db 5s '65 108'2 108% Atchison Gen 4s '95 101% 101% B & O cv 4%s 60 55% 56% Can Pac 4s '57 79 1 4 78% Ch MStP i P adj 5s A 2000. B'4 8% Ch M St P & P rs 5s A '75 ... 27% 27Va Cons Gas N Y 4%s 57 103% 104 Denmark 51 %s '55 92 92 Erie R R rs 5s '67 64% 65% Goodyear 5s 57 100 100% Gt Nor 4' 2 s D '76 69 3 < 69 Gt Nor 7s A 36 89*4 90 Interboro R T 5s '66 75% 75% Int T & T db 5s '55 61 61% Nat Dairy db ss '4B 98% 98% N Y Central 5s O 2013 65% 66 Pac Gas & El 5s A 42 105', 105% Poland 7s '47 . 127 1 2 128 Shell Union Oil 5s '52 100 3 4 100% Sin Cons 6%s B '3B 104 104% Texas Corp 5s 44 103 103% Tob Pr N J 6' 2 s 2022 105% 105% Un Pac Ist 4s '47 105 105 U S Rubber 5s A '47 85 85 FEDERAL FARM LOAN BONDS (Bv Blvth & Cos.). Bid Ask. 4s July 1. 1946-44 96% 97% 4s Nov. 1, 1957-37 95% 96% 4s Mav 1. 1958-38 95% 96% 4%s .July 1. 1956-36 97 97% 4 1 43 Jari. 1. 1957-37 97 97% 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% 99 4%s Jan. 1. 1955-35 98% 99 4%s Jan 1. 1956-36 98% 99% 5s Mav 1. 1941-31 100', 100% 5s Nov. 1. 1941-31 100% 100% WHOLESALE PRICES HIGHEST SINCE 1931 Index as of Sept. 25 Hits Figure of $2.43. By Times Special NEW YORK Sept. 27.—The Dun & Bradstreet food index of wholesale prices climbed 2 cents in the Sept. 25 week to reach the highest level since Jan. 8. 1931, it was disclosed today. Since July 10, when it stood at $2.16. there has been a gain of 27 cents, or 12.5 per cent, while comparison %ith the like week of last year, when the index stood at $1.92, shows a rise of 26.6 per cent. Price advances, as compared with the previous week, included corn, j butter, sugar, coffee, cottonseed oil, beans, peas, peanuts, raisins and I steers, while the commodities showing declines were oats, rye, barley, bellies, lard, eggs, hogs and sheep. ABBOTT QUITS POST By Times Special CHICAGO. Sept. 27. Effective Oct. 1. William Rufus Abbott, Illinois Bell Telephone Company chairman. will retire under the company's 65-year age limit. However. Mr. Abbott will continue his post as director with the company.

Gleaning the News

Water Works Income Dips Net income of the American Water Works and Electric Company. for the twelve months ended Aug. 31. totaled $3,229,427 after taxes, charges and depreciation, equal to $1.16 a share on the common stock, compared with $3,465,431. or $1.29 a share in the preceding twelve months. Steel Orders Rise Final returns received by the American Institute of Steel Construction indicate that August bookings of fabricated structural steel were 28 per cent above July, the low point of the summer. The estimate is based on reports from 82 per cent of the industry. Jewel Tea 'Sales Gain Sales of the Jewel Tea Company, Inc., for the four weeks ended Sept. 8 were $1,294,003. compared with $1,065,819 for the corresponding period in 1933, an increase of 21.4 per cent. Sales to date in 1934 a ere 111,514.843. against $9,492,046 for 1933, an increase of 21.3 per cent. HOLC 2*s Listed The New York Stock Exchange yesterday admitted to trading the Home Owners’ L£~n Corporation

INDIANAPOLIS, THURSDAY, SEPTEMBER 27, 1934

GRAIN VALUES DISPLAY SCANT PRICEJEVISION Behave Nervously as Counter In uences Obviate Definite Trend. BY HARMAN W. NICHOLS United Press Staff Correspondent CHICAGO, Sept. 27. Grain markets gyrated in a nervous manner on the Board of Trade today with counter influences pulling against a definite price trend. Wheat finished 14 to *2 cent higher, September, $1.04*4; corn was up >i to > 2 cents, September 78% cents, and oats were unchanged to % cent lower, September, 54 % cents. Long disposed of their holdings at the start in the face of strength at Liverpool but the easiness was followed by a rally when stock took to the up side. Outside interest in wheat was not brisk and the feature of an otherwise dull market was rather persistent buying of December contrasts by houses with northwestern connections. Pit gosips said an effort was being made to widen the spread between the September and December positions. ißy Abbott. H'.jpin Ac Cos.) Prev. WHEAT— High. Low. 10:00 close. Sept 1.04% 1.03% 1.04 3 . 1.04% Dec. 104% 103 1.03% 1.03% May 1.04% 1.03% 1.04% 1.03% CORN— Dec 79 .78% .78% .78% May 80% .79% .80 Vs .79 s , OATS— Sept 54% .53% .54% .54% Dec. 52% .52% .52*4 .52% May 51% .51% .51% .51% RYE— Sept 75% .75% .75% .76 Dec. 77% .77 .77% .77*4 May 80% .80% .80% .80% BARLEY— Sept .84 .84 .84 .83% Dec ,80 .79% .80 .80% May 75 .73 .75 .74 Local Wagon Wheat City grain elevators are paying 92 cents for No. 2 soft red wheat. Other grades on their merits.

Cash Grain

(By United Press) TOLEDO. Sept. 27. (Grain in elevators, transit billing i. Wheat—No. 2 red, $1.05® 1 06. Corn—No. 2 yellow, 85®86c. Oats— No. 2 white. 58%®59%c. Rye—No. 2. 80ft 81c. (Track prices. 24%c rate). Wheat — No. 1 red. sl.olft 1.01%; No. 2 red. sl® 1.00%. Corn—No. 2 yellow. 80%ft 81 %c: No. 3 yellow. 79%ft80%c; No. 4 yellow, 78%ft79%c. Oats—No. 1 white, 56(®58%c; No. 2 white, 55%ft 58c.

APPRAISAL ETHICS ARE ON HIGH PLANE Better Standards Set by Efforts of HOLC. By Times Special WASHINGTON, Sept. 27. High professional standards in the appraisal of residential real estate are rapidly coming into existence throughout the country as a result of efforts by the Home Owners’ Loan Corporation, according to Phillip W. Kniskorn, the corporation's appraisal adviser. Addressing a group of realtors and appraisers in Trenton, N. J., recently, Mr. Kniskorn told of the many obligations of the Home Owners’ Corporation in its appraisal work. “Primarily it must protect the interest of the federal government as the sole stockholder,” he said. “This means that values must be sound. Home owners in distress are entitled to relief to the fullest extent of the collateral which they can offer. Hence our valuations must be accurately established on a scientific basis by men who not only know real estate as a commodity but also understand the economic factors involved. “We realize that if we appraise according to the present distressed prices, none of the above purposes will be accomplished. We work by the definition ‘the full, fair value of the property as collateral for a long-term first mortgage loan.’ This definition permits us to recognize the factors in the assured future which give us values materially above the present market prices.” ABANDONMENT ASKED By I'nited Press WASHINGTON, Sept. 27. The Los Angeles & Salt Lake Railroad today petitioned the interstate commerce commission to authorize abandonment of twenty-two miles of trackage to iron mines between Milford and New House, Utah. The railroad also asked for an extension of eleven miles from Desert Mound in a southwesterly direction.

2% per cent bonds, series "B,” due Aug. 1. 1949. This is the third issue of Home Loan bonds now listed on the exchange, the others being the 4s of 1951 and the 3s of 1952. Margin Rules Delayed Due to failure to agree, the securities and exchange commission has postponed the application of the new stock market margin requirements from Oct. 1 to Oct. 15. The treasury department, federal reserve board and the commission will meet again today to attempt to iron out the difficulties, which were not disclosed. , Electric Output Dips Production of electricity last week aggregated 1,630,947.000 kilowatt hours, compared with 1,633.683,000 kilowatts in the preceding week, according to the Edison Electric institute. The yield was 0.5 per cent under the corresponding period of last year. Coal Bootlegging Within the next day or so it is expected that an order will be issued by the National Recovery Administration designed to eliminate “bootleg” practices in the coal trade. The order, it is said, will place producers selling coal direct to consumers under the retail solid fuel code.

NAMED TO GROUP

j J*' • K ipMn

John Fredrick, chairman of the Continental Steel Corporation, Kokomo, Ind., who has been appointed a member of the committee sponsored by the National Association of Manufacturers to formulate a program reflecting industrialists’ views of the proper relationship of government to business.

Local Livestock

HOGS Sept Bulk. Top Receipts 21. $6.7044 7.00 $7.15 6.000 22. 6 506 7.15 7.25 1.000 24. 6.00® 6 90 7.05 7,000 25. 6 40® 6.70 6.95 5,500 26. 6 40® 6.70 6.95 4,000 27. 6.25® 6.55 6.70 4,500 (140-1601 Good and choice...-$ 5.35® 6.00 (160-1801 Good and choice 6.25® 6.45 (180-200) Good and choice.... 6.45® 8.60 1200-2201 Good and choice.... 6.604 J 6.70 (220-250) Good and choice 6.65® 6.70 (250-290) Good and choice 6.50® 6.65 (290-350) Good and choice 6.30® 6.50 Packing sows: (275-350) Good 5.85® 6.10 (350-425) Good 5.75® 6.00 1425-550) Good 5.50 ft 5.85 (275-550) Medium 5.25® 5.75 (100-130) Slaughter pigs good and choice 3.25® 4.60 CATTLE Receipts, 600 —Steers—-(sso-900) Choice $ 7 50® 9.00 Good 6.25® 8.25 Medium 4.25® 6.50 Common 2.75 ft 4.25 (900-1.100) Choice 8.5010.00 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 8.25 ft 10.000 Good 7.25® 9.25 —Heifers • (550-750) Choice $ 7.00® 775 Good s.so<f® 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 3.00® 3.55 Common and medium 2.00® 3.00 VEALERS Receipts, 600 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 (800-1.050) Good and choice.. 4.50® 5(.50 Common and medium 3.00® 4.50 (Heifers) J 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, 1,000 Lambs, 90-lbs. down, good and choice $ 6 00® 6.75 Common and medium 4.00® 6.00 (90-120i Good and choice ... 2.00® 2.30 (120-150) Good and choice ... 1.75®2.25 All weights common and medium *-25® 2.00

Other Livestock

(By United Press) CHICAGO. Sept. 27.—Hogs—Receipts, 14.000, including 6.000 directs; moderately active; strong to 5c higher than Wednesday; 210-300 Tbs., $6.90 &7; top. $7; l‘?-200 lbs.. $6.25(56 90; light lights, $5.25®6; pigs, $4.50 down; packing sows, S6O 6.40; light lights. 140-160 lbs., good and choice sSfi 6 25; lightweights. 160-200 lbs., good and choice. S6O 6.90; medium weights, 200250 lbs . good and choice. $6.850 7; packing sows. 275-550 lbs., medium and choice. ss® 6.50; slaughter pigs. 100-130 lbs.. $3.50 @5. Cattle—Receipts. 4.000 commercial, 1,500 government; calves. 1,500 commercial, 300 government: sharp supply reduction led to slightly better undertone in general trade; some sales all classes slightly higher: mostly a cleanup market, however; numerous offerings held from earlier in week: getting some action; best fed steers. $10.25; bulk, $8.75 down to $6 with lower grades $5.50 down to $4; cutter cows and bulls firm to 15c higher; other classes fullv steady; slaughter cattle and vealers: Steers. 550-900 lbs., good and choice. $5.750 9 50 : 900-1.100 lbs., good and choice, $6.'(510.25; 1,100-1.300 lbs., good and choice. $6 50010.50: 1.300-1.500 lbs., good and choice. $7.50010.75; 550-1.300 lbs., common and medium .$2.750 7.50; heifers, 550-750 lbs., good and choice. $5.25 0 8.25: common and medium. $2.5005.25; cows good, $3.500 5.25; common and mediums, $2.9003.50; low cutter and cutter cows. $1.7502.90; bulls, yearlings excluded good beef. $3.250 4: cutters, common and medium $2 250 3.40; vealers. good and choice. $6 7508.50: medium, SSO 6.75: cull and common, S4O 5; Stockers and feeder cattle: Steers. 550-1.050 lbs., good and choice. $4.2506; common and medium. $2,750,425 Sheep—Receipts. 16.000 commercial. 1,500 government; early bids and indications generally steady: bulk good to choice native lambs, bid $6,50: best held $6.75 upward: range lamb quality improved; asking around $6.5006.75; native ewes. $1.500 2.25; slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice $5 250 6.75: common and medium, SSO 6.35; ewes. 90-150 lbs., good and choice. $1.650 2 50: all weights, common and medium. $1.500 2; feeding lambs, 5075 lbs., good and choice. *5 500 6.25. LAFAYETTE. Sept. 27—Market 10025 c lower; 225-275 lbs . $6.500 6.60; 275-325 lbs . $6.2506 40: 200-225 lbs. $6 450 6 50: 180-200 lbs., $6 30 0 6.40: 160-180 lbs . S6O 6.15: 140160 lbs. $5 100 5.50: 125-140 lbs.. $4,400 4 90; 100-120 lbs.. S3OB 50: roughs. $5.50 down: calves, $6.50 down; lambs. $6 down. FT. WAYNE. Sept. 27 —Hogs—2sc lower: 250-300 lbs.. $6.50: 200-250 lbs. $6 35, 180200 lbs., $6 15; 160-180 lbs.. $5.95; 300350 lbs.. $6.25: 150-160 lbs.. $5 25: 140150 lbs.. $5 130-140 lbs.. $4.75: 120-130 lbs . $4.10: 100-120 lbs., $3 35; roughs, $4.75. $4.75: stags, $2.50. Calves. $8: lambs. $6.25. (By Times Special) LOUISVILLE. Sept. 27—Cattle—Receipts. 600. including 125 governments and 250 commercial cattle billed through: supply very light but demand still rather narrow; quality plain; market, generally steady; bulk, common to medium, grassy steers and heifers. $2.750 4 25: very little included of value to sell above $4.50. but strictly good babv beef tvpe yearlings eligible: higher: bulk beef cows. $2 250 3: lowcuttersa nd cutters. sl'?2: sausage bulls, mostly $2 75 down; better Hereford stock calvps quotable $4 50 05; common to medium natives. $2 50 0 3 50. Calves—Receipts. 200: steadv; bulk better vealers. $6 0 6.50: lower grade* and heavy grass calves. $4 50 down. Hogs—Receipts. 700: market. 20c lower; top and bulk. 200-250 lbs.. $6.50. 180-195 lb* $6 25: 255 lbs up. $6.05; 160-175 lbs . 55.65: 140-155 lbs 55.15: 120-135 lbs . $3 65 . sows. $5 30 Sheep— Receipts. 350: steadv: bulk better lambs. $60625: choice, quotable higher bucks, mostly SSO 5 251 ight throwout. $3 50: desirale fat slaughter ewes, $1 500 2 25: sirable ewes mostly $6 0 7 50 per head for better kinds. Receipts—Wednesday, cattle, commercial 289: calves, commercial. 192: hogs. 583: sheep. 284 Shipments—Wednesday. cattle commercial. 108: calves, commercial. 256 hogs. 164: sheep. 138. INCOME DROPS SHARPLY Norfolk & Western Earnings at $1,689,064 in August. By Timet Special CHICAGO. Sept. 27.—Net income of the Norfolk & Western railway during August amounted to $1,689,084, compared with $3,092,478 in ‘ the corresponding month last year, it was reported today. Net income during the first eight months of the year totaled $13,299,374, equivalent, after preferred dividends, to $9.02 a share on the common stock. This compared with earnings of $12335,467 in 1933.

Birth of AAA Held Effort to Cope With Difficulties Besetting Farmers for Yea rs Problems Came to Climax at Beginning of 1933 and Led to Adoption of New National Policy Toward Agriculture. (This is the first of a series of five articles written for the Scripps Howard Newspapers by the head of A A A. describing the Roosevelt farm program). BY CHESTER C. DAVIS Administrator, Agricultural Adjustment Art The far-reaching agricultural adjustment program launched by the government in 1933 and continued in 1934 is an effort to cope with difficulties which have beset the American farmer over a period of many yaers. These difficulties came to a climax at the beginning of 1933 and led to the adoption of anew national policy toward agriculture.

The situation was this: Ever since the World war the American farmer had been struggling with a chronic condition of surplus. In spite of the fact that every year there was crop failure in some sections, the total amount of produce raised by the American farmer remained more than could be sold in his available market. Because of his surplus production, prices suffered a long decline. His crops were either left on his hands or sold at prices insufficient to cover his costs, particularly his fixed charges which remained at war levels. He and his neighbors continually produced much more cotton, wheat, tobacco, corn, hogs and other products than the market could absorb. Huge amounts were stored. Throughout the fourteen years

Wall Street “BY RALPH HENDERSHOT Times Special Writer.

NEW YORK, Sept. 27—Business failures in recent months have b at the lowest point of the depression thus far. In fact, they have compared very favorably with those in so-called normal years. For the week ended Sept. 20, according to Dun & Bradstreet, they were fewer than in any corresponding week since 1920,

and, incidentally, they were the lowest for this year to date. This slump in failures is particularly significant. It means that the business of this country has adjusted itself to the depression conditions and that, generally speaking, the burden of commercial debt

Hendershot

is no longer dangerously heavy. Some of the larger companies have some pretty high hurdles still to get over, but the rank and file of small businesses, which play such an important part in our economic life, have brought income and expenses into balance. And these medium-sized and small concerns have put their financial houses in order with but very little aid either from the banks or from the government. They have been the ones which have been subjected to the “rugged individualism” we hear so much about these days. They were not able to tell stockholders they were unable to pay dividends nor were they able to present reorganization plans to creditors. They were obliged either to meet their obligations or else — a a a BUT for the fact that they have gone “through the mill” lends stability to the general business situation. Their outstanding loans are smaller than they have been in years because they have been unable to get credit. And they are no longer obliged to sacrifice goods in order to secure cash, for they have been able to balance income with outgo. In other words, the vicious deflation cycle would seem to be at about its lowest point. They have benefited indirectly, of course, from the New Deal. They have received their share of the funds made available by the government through the larger purchasing of their customers. And the codes kept their competitors from unfair practices which might have forced them out of business. But by and large they have been on their owl; and have come through with colors flying. # a t FEW people in the financial district regard the armistice in the textile strike as an end to the general disturbance in the labor ranks of the nation, although they do feel that the labor cause has hit a snag. The general view is that the strike was a failure and that the arbitration move served to give the strike leaders a chance to keep their chins up and perhaps turn the tables on capital. If the operators take back the strikers as a result of the opinions handed down by the arbitration committee it is pointed out that they probably will be breaking faith with the strike-breakers and those who remained at their posts. If they fail to take them back they probably will lose caste with the public and with the government. In other words, within sight of victory if left to fight it out in their own way the operators are likely to be put on the defensive, it is thought, by reason of the interference. And the strikers will have gained if by no more than succeeding in placing their grievances before an "impartial group. CROP WEATHER IS GOOD Conditions in State Favorable for Field Operations. On the whole, favorable weather conditions for both green and ma- : turing crops and for field operations prevailed in Indiana during the week ended yesterday, according to the United States department of agriculture. Except the latest germinated, com is now practically all safe from frost, the study says and husking is reported from man^localities.

Stock, Bond and Commodity Quotations.

before 1933 the American farm population was never less than 25 per cent of the nation’s total. In 1919, the national income was about 66 billion dollars, and 18 per cent of it come to the farmer. By 1932, the national income was cut almost in two; the farmers share of that reduced amount fell to about 7 per cent. The purchasing power of a given quantity of farm commodities, expressed in terms of goods farmers buy, fell to about half what it had been before the war. No corresponding reduction took place in the farmer's fixed charges, debts, taxes and so forth. Purchasing Power Off Since he had to meet these charges as well as his living expenses if he were not to lose, his farm, his actual purchasing power for goods and services fell to much less than half. In the fact that farmers were less and less able to buy the things that the people in the cities were making, lies the explanation of how one surplus caused another, until farmers were burning wheat while bread lines lengthened in the cities. What the city and the country must have, therefore, is a balance between producing and consuming power. If the farmer achieves parity with other producers and consumers, the overwhelming majority of Americans will be better off. The farmer's ability to produce, by the beginning of 1933, had outrun the demand of his market; most of the things he had to sell could not be sold except at a price far below his cost of production; some of these things were present in greater quantities than could be used by the entire consuming group within the farmer’s reach. Market Was Limited From the American farmer’s standpoint, his market seemed to be, and for a long time was, limited only by the limits of his own productivity. During the early 1900’s American domestic population was augmented by upward of a million bread-hungry Immigrants’ mouths a year, and the world market for agricultural goods was dominated by American competition. Then came the World war. European njilitary needs were pyramided upon economic needs. The advantages to the American farmer were obvious; after the United States joined the combatants, he was subjected to further pressure in the patriotic appeals of emotional posters shouting:' “If You Can’t Fight, Farm! Food Will Win the War!” Under stress of these combined stimuli, the American farmer put some 40,000,000 of his grassland acres to the plow. (Tomorrow What happened to the farmers after the war).

Stock Studies

PACKARD MOTOR CAR $ COMMON STOCK ee ' i >a 9HAW EAftNt*Gs .. PBiCC AAHOC SOU - ?!—i— rT-r— 2s Ml H J L 20 ' 5 S- . 15, .2&> Mol = I-*-- 30 1 iill ° gallSmS W4t4CHeSfC IMSTIWf Os FtNWNCE

Packard, one of the pioneers in the automobie industry, today is one of the leaders in the production of high-priced cars. The company is now making extensive factory changes in order to produce a new car to sell in the medium-to-low price field. The company has done much research and advance work in engine design and also in the development of the Diesel principle for airplane engines. Plants are mostly centered around Detroit, while the Canadian subsidiary operates in Windsor, Ontario. FINANCIAL DATA As of June 30. 1934. Capital Stock (no pan .15.000.000 shares Surplus S 5,936,541 Cash and Securities 14.636,963 Inventories 4.898.072 Total Current Assets 21.037,178 Current Liabilities 2.269,864 During the twelve months ended June 30, cash and securities increased more than SIOO,OOO. while inventories were up $1,400,000. Net working capital gained nearly sl,500,000, but surplus dropped close to $1,400,000. On June 30, last, the current ratio was 9Vi to 1, while the book value of the stock was $3.15 or 12 cents less than twelve months previous. Depression conditions naturally hit the company. Deficits were shown in 1931 and 1932. One cent was earned on the capital stock in 1933, but for the first six months of this year there was a deficit of 20 cents. No dividends have been paid on the stock since 1931. Packard Motor Car Company was incorporated in Michigan in 1909. The capital stock is listed on the New York and Detroit stock exchanges. It is currently selling at around 3 1 *. All Rights Reserved Winchester Institute of Finance. Winchester, Mass

Mortgage Loans On Indianapolis Improved Real Estate THE UNION TRUST CO. of Indianapolis 118 E. Market. 81-5341

NEW CORN LOAN PLAN EXPLAINED BY GOVERNMENT AAA to Make Grants of 55 Cents on 1933 and 1934 Crop. H\i Timm Special WASHINGTON. Sept. 27. Details of anew corn loan plan, providing for loans of 55 cents a bushel at 4 per cent on 1933 and 1934 corn stored on farms, according to state warehouse requirements, were announced today by the agricultural adjustment administration. Loans will be available in Indiana, Colorado, Illinois. lowa. Kansas, Minnesota, Missouri, Nebraska, Ohio and South Dakota. There are five principal points in the new program. First, the new loan value is 55 cents a bushel, as compared with 45 cents last year; second, the maturity date of the loans will be June 30, 1935: third, holders of notes may, if they wish, call the loans while corn is at or above 85 cents on the Chicago market; fourth, the borrower will be required to take out primary insurance covering fire, lightning and windstorm on the corn on which loans are made, and, fifth, old corn, stored in temporary or unsuitable cribs, will not be accepted for loans. Loan Extension Voided The new loan program supercedes and nullifies the recently announced extension of outstanding corn loans to Jan. 1, 1935. No old loans will be extended beyond Oct. 15, 1934, but borrowers may take up their old loans, carry their corn for a further period and repledge it under the new loan program. All charges in connection with the outstanding loan must be paid in full, but the new loan value of 55 cents, it is felt, is adequate to take care of all charges, including reinspection and other items in connection with qualifying for the new loan. All corn pledged under previous loans must be reinspected and resealed if an additional loan is made on it. 9 T 1 new loan plan means, it is point'd out, that all corn loans now outstanding which are not taken up and replaced by new loans must be repaid on or before Oct. 15. The maturity date for new loans is June 30, 1935. Special Policies Provided The Commodity Credit Corporation has arranged with insurance companies for issuance of a special policy which gives the required protection at a rate of 75 cents on each SIOO. It may be based on loan value or market value of the corn whichever may be the higher—and will cover fire, lightning, windstorm, tornado and hail. Although insurance was urged by the government last year, it was not required. The new provision protects the producer, since it enables him to issue not only the loan value, but also his equity in the corn, it was explained. This insurance, which will be available only to those who borrow under the new loan plan and which will cost only about half as much as insurance carried last year, may be obtained through local agents for the various insurance companies handling this special policy. TEXAS OIL ALLOWABLE PARED 71,370 BARRELS New Proration Order $s Adopted by Commission. By United Pre/i/t AUSTIN, Tex., Sept. 27.—A reduction of 71,370 barrels a day will take effect in Texas allowable oil production on Oct. 1. Anew proration order adopted by the state railroad commission was being sent’ to field enforcement officers today. Reductions are made in ten fields. The cuts wall make the total state allowable 929,552 barrels per day. This is 26,548 below the federal government’s allocation to the state for October. Commissioner E. O. Thompson announced the order. In new discovery wells in new fields the allowable production will not be to exceed 150 barrels per day.

Produce Markets

Delivered In Indianapolis orlces: Heave hens, 12c; Leghorn hens, 7c; 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 rum eggs, loss off 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, 30c. Butterfat. 21c. Quoted by the Wadley Company <Bv United Press) CHICAGO, Sept. 27 Eggs— Market firm; receipts. 3.712 cases; extra firsts. 22c: fresh Graded firsts. 21c; current receipts. 18Oj. 0c; dirties No. 1. 17'jc: No. 2. 14c; checks. No. 1. 18c; No. 2,14 c ButterMarket. firm; receipts. 9 491 tubs: extra firsts 1 90-91’ 3 score i. 24®24’ic. seconds 'B6-87'2 score*. 22'i/22 1 2C; specials, 25 1 , r rj> 25 3 <c; standards. 24 I . ( c. Poultry—Market, easy; receipts. 1 car. 32 trucks. 8 cars due; frvers. Plymouth Rock. 14‘jc; broilers. colored and Rock. 16c: Leghorn. 14' 2 c: geese. 9*tilc: turkevs. 13® 15c; old roosters. 11c: ducks, llftrl 6c; springers, heavy colored. 13’-c: heavy White Rock. 15® i 17c; guinea hens, dozen. 04 , <<7. hens 13 '<t> 15’ iC: Leghorn hens. 10’ic. Cheese—Twins, 12 5 4 12’ 2d daisies. 12 3 4®13c: Longhorns, 12 3 4®13c. Potatoes —Supply moderate, demand ar.d trading slow; market dull: Wisconsin Cobblers. SI 05® 1.10; triumphs. SI 15; North Dakota eariv Chios. SI 15; Oregon Russets. SI 50 fi 1.55: Colorado McClures. $1 80; Idaho Russets. SI 50<ii 1 55. Arrivals. 80: on track. 293; shipment*. 459. CLEVELAND. Sept. 27 - Butter—Market, steady; extras, 29c. standards. 29c Eggs Market, firm: extra white. 24c: current receipts. 21c. Poultry- Market, weak; fowl, colored. 4’2 lbs and up 18® 19c: old roosters. 12c; ducks, light.. 12c. Potato** —N*w Jersey, mostly. $1.25® 1.33 a 100lb bag’ New York. 70®75c a bushel sack; Pennsylvania. SI. 1061.15 a 100-lb. bag. DODGE SALES HIGHER By fruited Prent DETROIT, Sept. 27.—Retail sale* of Dodge passenger cars for the week ended Sept. 15, totalled 1,248 units, an increase of 298 units over the previous week, it was reported today.