Indianapolis Times, Indianapolis, Marion County, 2 July 1936 — Page 24

hinks SEC Should

PAGE 24

THURSDAY, JULY 2, 1936

May.

per amounted to $15.1 61,000, ey with 1, 579, 000 in

‘v» Act on Its Report.

BY JOHN T. FLYNN ceed

W YORK, July 2.—The Securities and Exchange Comjon has made a report and cerrecommendations about the bject of brokers acting in the dual capacity of agent and principal. It is an important report. Or ‘at least it is an important subwith which the report deals. is, in all probability, the most important subject with which the report deals. It 1s, in all

in

SWINE RECEIPTS HERE PARALLEL '35 SHIPMENTS

Higher Hog Prices This Year Increase Incomes of Hoosier Farmers.

Shipments of hogs received at the

HELPFUL HINTERS

SWINE MARKET

RECOVERS FROM

PREVIOUS DROP

Medium and Heavyweight Kinds 5 Cents Higher; Others Steady.

A firm undertone developed in

NEW MANAGER

INDIANA LEADS IN PRODUCTION OF TOMATOES

State Canners Association Reports Growth in Use of Juice.

Indiana is the nation’s leading

probability, the most important subject the commission will ever be called on to deal with. Brokerson exchanges are not merely

Indianapolis Union Stockyards averaged about the same during the first six months of this year as in| the similar period of 1935, but! farmers were paid thousands of dollars more for their stock this year due to substantial price in- | creases, according to a survey com- | pleted today. i Total receipts of hogs for the first

the pork market today at the. Indianapolis Union Stockyards, following yesterday's sharp reaction, the first in more than two weeks. Prices paid for medium and heavyweights today were generally 5 cents

higher, while lighter kinds continued steady.

producer of tomatoes and tomato products, according to information | released today by J. J. Rogers, sece etary of the Indiana Canners Ase ation. The state’s tomato acreage in 1938 totaled 97,300 acres, Mr. Rogers said. Maryland had the second largest acreage planted to this crop with

G. R. Douglass is the new city manager for the Mutual Life

brokers. They are, to a very great extent, speculators in their own right. They take your orders, accept your commissions, fill your orders and at the same time carry on extensive * speculations in the market in the stocks you are dealing in as well as others.

On this point recently, I ventured to suggest in this question of the segregation of the furctions of brokers and dealers “there was nothing to be argued. It is a very simple question. It gets down to a question of fundamental honesty and integrity in dealing. I lay it down as a lru- . §sm that no man whose primary function is a fiduciary one—that of an agent—should be permitted to enter the market in which he appears as an agent for others and ‘to trade in that market for nim- ” sel. ” ns o HE Securities and Exchange Commission has been consid- ~ ering this question prayerfully and

otherwise for more than a year. It

has made a voluminous report. But in that report I find the following language: “Where the broker and dealer function are combined in a single n, his own interests may cont with the interests of those to whom he owes a fiduciary duty. . This conflict may act to the dis- - advantage of his brokerage customers in a variety of ways. A broker who trades for his own account or is financially interested in the distribution or accumulation of securities, may furnish his customers with investment advice inspired less by any consideration of their needs than by the exigencies of his own position.” The point is further elaborated. ” ” ” HE report also points out that commission houses perform many other functions than executing orders for customers. They may .act as underwriter in primary and secondary distributions. They may act as investment cousel and as

bankers. They may operate investment trusts. “The financial interests of a commission house, the activities of which are thus diversified, may run counter to the best interests of those for whom it acts as agent.” It may, as investment counsellor, recommend to customers securities which it is merchandising as underwriter. It may use the investment trust it manages as an outJet for issues which the firm is distributing. It may do many other stich things. It not only may but does and does so frequently. This, then, is a complete verification of the principle I announced above as to the contradictory character of the broker-dealer functions on exchanges. The commission has to this extent adjudicated ~ that point. The recognition of this . fact is a very great advance. But . it ought not to have taken a year to find it out. Having recognized the fact there is no excuse for not acting upon it.

. £ ° + On Commission Row

{Quotations below subject to change ate average wholesale prices being offered to rs by local commission dealers.) UIT—Raspberries, black, 24-qt. crate, 42.50, red, 24-pt. crate, $3.50. Huekleberries, Florida, 24-qt. crate, $4.50; 16-qt.. $ California car ib

75. n, . arents, $3. 35028 (300s). $7.75. OES, Lenghe Sun . ripened) jumbo, $3.75: standard, : a Watsrmelons-— Florida. 60c. Peaches Uneedas medium. half bushel, 63. Bo rice ahah, lug. $1.75. Plums— 4-basket crate, $1.7 Grapes—SeedSRE A een ans {ham r), $2. Beets—HomeSc. Carrots—California “ g40c. Caulifiower—California (doz.),

round

‘Celery—Michigan washed 45¢. Cucumbers—

Ly, 1 —S-doz. crate,’ $1. Egg Plant— norida Fin ) $1.75. Ralevirglois. bu), ce—Iceber alifornia S . rity > (10- ob De 65¢. s amper ec a 3 ‘Soc. gi Td AR Onions—Texas Bermuda yelki * bag, $1.25. Parsley—Southern bunches, or ay A boe: Parshineome: . $2.25. Po-(100-1b.

Homegrown EO OTN, (6-6) lug. $32.

Produce Markets

u are id for stock at arin ne country, While d higher T price eavy breed hens. isc: Laghor 8 reed

196; Leeborn Tonge. feath

eed. old cocks, white. § 3 Tbs. vet ~ SQ. A Tart hh e delive ered in Thdians iis, ig 8. IF Ih weigh 55 Ibs.

J ane of ON outs : pound 1 butter, Bane: butter-

Pia b Ag

(® United Press)

0 Fn t steady. sip es, i

i the same period last year.

six months this year aggregated 673,354, as compared with 679,610 received at the local exchange by truck and rail in the same period a year ago. The price trend this year was influenced by an increase in demand from local packers and a substantially larger fresh pork throughout the East. The

of the rising markets during the period. Price $1.45 Higher

The top price paid for good and choice hogs om June 30 this year was $11.10, compared with the high

June 27, 1935. This was an increase of $1.45 a hundred pounds. Medium grades of hogs, scaling from 200 to 220 pounds, -sold for $9.60 to $9.70 at the end of, June, 1935, while the same classes brought $10.95 to $11.10 on June 30 this year. Good ‘and choice light slaughter kinds, weighing 140 to 160 pounds, sold at $9.10 to $9.50 a year ago, compared with $10.50 to $11.05 being paid at the end of the six months period this year. Cattle shipments received at the local exchange were larger by approximately 10,000 during the initial six months of 1936 than in Prices this year have averaged substantially lower. Cattle Receipts Up

The total number of cattle, excluding veals, handled at the Indianapolis market during the last six months amounted to 161,259 head, while in the corresponding period of 1935 total shipments were 151,632. The bulk of choice fed steers, av-

$10 to $11.50 at the end of June a year ago. The same classes sold at $8.25 to $8.75 at the end of the month this year. This was a difference of $2 to $2.75 a hundredweight. Heifers showed a corresponding decrease for the period. Choice heifers, averaging 500 to 750 pounds each, cashed in at $9.75 to $10.50 in midyear, 1935. At the

classes sold at $8 to $8.50. Veal Price Improved Farmers received about $1 more a hundredweight for veals at the end of the period this year than in 1935. Receipts for the six months ended June 30, 1936, totaled 80,957, while in 1935 the total was 89,333. The bulk of choice kinds early this week sold at $8.50 to $9.50, compared with $8 to $8.50 a year ago. Lamb shipments, which recently have held at an extremely light figure, show only a slight change when totaled for the initial six months this year, compared with ‘a year ago. The totals are 206,150 and 187,266, respectively. Prices, however, on an average are

first six months period this year. The bulk of choice spring lambs sold at $10.25 to $10.50 on June 30, 1936, compared to $8.25 and $8.75 at the end of the period in 1935. Sheep prices this year also showed a gain over last. The bulk of ewes brought $2.75 to $3.50 at the end of June this year, compared with $1.50 to $2.75 paid at the same time a year ago.

CURB ADMITS STOCK Times Special NEW YORK, July 2—The New York Curb Exchange has admitted to listing $1 common stock of the Grand National Films, Inc. it was learned today. No par common stock of Plough, Inc. also was admitted. :

Investment Trusts (By Thomas D. Sheerin & Co. 2)

Agiod *Administered Fund 2d . *Affiliated Fund, Inc. American Business Shares. Bullock Fund, Ltd. Broad Street Investing ... Century Shares Trust Corp. AA or Acc. (mod) Corp. AA or Ace. {unmod) Corp. Trust Shrs (orig). Diversified Trustee Shs i . Diversi Trustee Shs C.. Diversi Trustee Shs D.. Dividend Shares, Inc. General Investors Trust .. *Incorporated Investors .... Investors Fund Amer *Market St. Invest. orp. Maryland Fund *Massachusetts Investors. ve Nation-Wide Sec. Co. B ....

1.14 18

w $00 OO tt 30 10 Soe “BNE

a

5 Yo soBil

s3gokNagsgnas

00 a 00 Ln "on

. (orig. ) jares ..

th . ; orig. Shs....

Browne

SUE BIINBuRR nu

a] w

fos

HNO -INRNW

(Blyth & Co.) NEW YORK STOCKS

- Bid. Bankers aust «- Cevessesaesinens Hk

sae .. 3% casssssrnsess-198 cavsssiissssssasen.s 308 vrvesisaness 18% ps SrERS santas. %

sessnensna

Trrvttiasessunsissacs girarnastesesnne 2880008 000 RNS Sessassianne .

consumption of |

latter factor contributed to several |

price of $9.75 paid to farmers on |

eraging 500 to 600 pounds, sold at |gg,

about $1.75 to $2 higher for the

New York Stock Excha nge Prices

(By Thomson & McKinnon)

Oils— Barnsdall ...... Consol Oil Cont of Del .... Houston

Sho Oil

High.

t Corp AT Pet .... 4

nd Oil .

Tidewater Assn. Steels—

Am Roll Mills ..

N aol Steel Otis Steel

end of June this year the same|Re

Yngstwn & T Motors—

Graham’ Mot ... Hudson Hup Mac

eo Studebaker

25, &1

23 982 34

13 18%a 84

617%

1% Yellow Truck ....

Motor Access— ndix

Borg Warner :

Timken Roll .... Timken Det Axle

Mining— Alaska Jun Am Smelt Anaconda Cal & Hecla Cerro De Pasco.. Dome Mines ... Gt Nor Ore Ins Copper Int Nickel Kennecott Cop.. Melniyre Mine. . Park Utah

St Joe Lea Vanadium

Amusements— {rosley Bi Radio .. s

ew Radio Cor

Phelps Dodge .. 3

Warner Bros ... 103

Tobaccos—

Am Tobacco ‘A’. Am Tobacco ‘B’.

lla Philip. Morris

Reynolds Tob B Se

Atchisi

RR . Union Pac West Hee ia!

mS

EH

FEET

Low. Close.

Banus wus HEEEF FFF

25s

EE dws FER See

suspect

¥ 2%. we aSS FEREr

16% 13

10212 102% 109

-o aa

RT

Ea Rng

Crown Cork ... 603 Curtis Pub 17% Purtis Pub pfd. 104 re & Co 76% Deere a Kodak’ 1702 Foie: Wheeler... 27% Gillett, 14

Inter Harv .... 58 Natl Cash Reg. PPAA Owens Bottle ..152 Rem Rand .... 18% Underwood E ... 7% Worthington Pmp 25% Foods—

Am Sugar Armour Armour

60%

Corn Prod .. Gen Foods .. Gold Dust

N. Y. Bonds

DAILY BOND INDEX (1926 Average Equals 100)

20 20 Rails Util. 92.6 105.7

6 Low (Copyright, ‘1036. 2

U. S. GOVERNMENT BONDS (By Abbott Proctor & Paine) Treasurys

Owners Lean Corp.

Farm Mortgage Corp.

3s 1949 3s 1042-47

Alleg Corp 5s Alleg ‘Corp 5s ’'49 Allex Corp 55°50 ........ evens Am Prgn Pow 5s 2030 . Am Tel & Tel Jas "43 Am Tel & Tel 5s '65 Arm & Co (D

Atl Coast Line 4%s '64 Aten 390 bog Pd e 4158 '48.. m ng Mills 4's ’ Balt & Ohio 6s 105 —.. >, Balt : hs ans ’60 .. u oC itt 4%s ° Bu Bock PIE t Yas 57..

5s "58 .. Tel Tel Aes 52 Ret Natl air Natl teal “es 1

Bases une pedi ef

& 8354

Cab sa Ll 3%s '8 Sn on Ja 0

3

greens 7

XE gigi

a SF 3

et ;

g i

e @

2 Agz Pe B =

333 g ie.

3 5

i i

| ie i

>

(Reprinted From Late Times Yesterday)

80 Bonds 96.5

84.7 Standard Statistics;

G W Sugar . 35% Natl Biscuit .... 3412 N . 35% 27Va . 15% 28 . 19% 69

35% 341;

Retail Stores—

Allied Stores .. Assd Dry Goods. First Natl Strs.. Gimbel Bros ... Kroger Groc ...

Woolworth Aviation— Aviation Cor Curtiss Wri Curtiss Wis Douglas 4 i Nor Tam Av Sperry C Unitd Aire t New 295 Chemicals— Air Reduction .. 68% Allied Chem 201%, Am Com Alcohol 20% Com Solvents ... 15 Du Pont Freeport Tex ... Math Alkali .... Monsanto Chem. Natl Dis (new). Schenley Dist .. Tex Gulf Sulph. Union Carbide .. 903% Drugs— Bristol Myers ... 26% Coty .Inc 4Ys Sterling Prod ... 69% Un Drug (new). 12% Vick Chem Financial—

Transamerica ... 14% Tr Contl Corp..

Building— Am Radiator ... i

9 | Libby Owens Gis 59

Ulen Cons Household— Col Pal Peet ... 1 Congoleum - Kelvinator . 20% . 45% . 235% Simmons Bed . | 29%, 29 Textiles— Belding Hem ... 14% Celanese Corp .. 23% Collins Aikman.. 45% Indus Rayon ... 28%

Local Securities

(Reprinted From Late Times Yesterday) (By Indianapolis Bond and Share Corp.) The Iollowing quotations do not r recent actual bids or otierings, but mere indicate the approximate arket level based on buying and selling ma or recent transactions. ;

BONDS (T H) 4Yss 81. W 5%s*55 _..

Bid

Title Co *Ex-dividend.

<ISEEK TO ADD TRAIN

Carriers Report Better Traffic on Seattle, Portland Run. By United Press

| Northwestern Railroads jointly

The moderate upturn was aided by a substantial decrease in shipments combined with a fairly ote demand which prevailed for the medium and heavy kinds. Early interest, however, was largely from a speculative source. Approximately 1580 head of hogs were held over from the previous session by speculators who bought on the decline yesterday, expecting to sell at a profit today.

Hog Receipts Lower

Total receipts today were estimated at 4000, the lightest supply on hand for the week. ~ The advance in swine carried the top price paid for good and choice grades up to $11. The general bulk of 160 to 225 pounds sold at $10.95 to $11, while medium kinds, scaling from 225 to 260 pounds, cashed in at $10.80 to $10.95. Extreme heavies —300 pounds and upward—cashed in

‘|at $10.20 to $10.55. Packing sows

held at $8.50 to $9. With only a scant supply available, the cattle mark was generally steady, especially on all killing classes. The bulk of steers sold from $7 to $8.25, while good classes of heifers brought $8.50. Beef cows were steady, salable from $4.25 to $5.25. Receipts numbered 600.

Veals and Lambs Steady

Veals and lambs also maintained a steady trading range. The bulk of good and choice veals sold at $8.50 to $9, while the bulk of better grade lambs ranged from $9 to $9.50. The top held at $10. Sheep showed only a slight change, with the bulk of ewes selling at $3.25 down. Receipts were estimated at 500 and 1000, respectively.

HOGS Bulk. Top. $10. Son 10.85 i 00 i; 2 [email protected]

[email protected] . [email protected] Light Jlghss aa: 160) Good and choice $10. 38

June. Receipts.

26. 27.

Medium (200-220) Good and choice .. 10.90: (220-250) Good and choice.. Hezyyweighis 290) Good and choice.. (200-350) Good and choice. .

Packing SOWS 50) Good

[email protected] [email protected]

8.75@ 9.70 8.65@ 9.25 8.50@ 8.75 (275-350) Medium 8.25@ 8.75

Slaughter abo-1 20) A and choice— 330210. 35

@10.25 |

—Receipts, 600— (550-900) Choice Caravan ver Good

gt Bhabnsaaiaagh 99 9900000599059 COUOUIOUO

oa

Common and medium .-..... (750-900) Good and choice.. Common and medium

PIM IN ID NINADRIPRD INS

2338 333

ood Common and medium Low cutter and ia Bulls, g Cutter com. and med. bulk...

VEALERS —Receipts, 500— Sood and choice ........ v....$ 8.50@ 9.50 iu - J

m Cull and Somos

Ives (250-500) Good ang IoIee.

DR_GA IVINN BPINOIINDOAIND ronen Qoouwm QUO

ag babe henna Banbodmg ann

dora 09399 899

6.75@ 8.75

Common and medium 4.50@ 8.75 | J

eeder and Stocker Cattle hoice .... 6.75

in HO

17.75 6.75 7.75 6.75

5.25

(800-1050) Common and medium

Good Common and iedium SHEEP AND LAMBS —Receipts, 1000— :mbs, choice

Ne am aes 2 83 Baas

- wo

Ew (90-170) Good and choice.. Common and medium [Sheep and lamb quotations on

is.) Effective July 1, spring lambs classified as lambs.

Other Livestock

BO United Press). 2.—Hogs—Recei is, 13,000, 1 Aaa g 8500-4 directs. Desirable 240pb. down, ing 5 to 19 cents hi her 3h than vers e. Heavies slo ER g $10. 2

i:

316 .95; 70-240 lbs.,

10.95; oa 310 [email protected]. sales’

10@ 5 "ibs. WS,

bs 600

July eseiiees

Insurance Co. of New York. He was transferred from St. Paul to Indianapolis this week. Mr. Douglass is a graduate of Nebraska Wesleyan University.

ENGINEERING TOTALS (EXCEED 1335 MARK

Gains Made Despite Drop in Federal Awards.

Times Special NEW YORK, July 2—Private engineering construction contracts awarded in the first half of 1936 showed a gain of 58 per cent over the same period last year, the Engineering News-Record said today. State and municipal contracts rose 113 per cent over 1935, while Federal construction dropped 15 per cent. Commercial buildings showed the greatest increase, running 101 per cent ahead of 1935. Public buildings gained 94 per cent, industrial buildings, 38 per cent, and streets and roads, 85 per cent. All other classifications advanced with the exceptions of earthwork, waterways and unclassified construction. The dollar volume of engineering construction for the first six months, compared with the same period of 1935, follows:

Class

Federal .......$ Total public . Private

1936

116,268,000 822,745,000 208,630,000

$1, 121,375,000

1935 $136,944,000 468,404,000 188,867,000

Totals $657,271,000

Chicago Stocks

(By Atkins, Hamill & Gates)

Noon Prev. Close. Asbestos Mig essesssbisnnss 3 Bastian. Blessing oe ag ey eae cease en Butler Brothers ............. oe Cent Ill Pub Service pfd. PE Cities Service ........... . Commonwealth Edison Cord General Household Grt Lakes D Jarvis Mig Lincoln Printing Northwest Engineering Northwest Bancorporation . Vortex Cup

New York Curb

(By Atkins, Hamill & Gates) 1:00 P. M. Prev. ; N. Y. Close Aluminum Co of America ....13412 134% Am Cynamid B ceses 33% 33% Am Gas & Electric cccceeee.os 40 38% Am General ....... sessanssene 8% Am SUDPErpower .......... sess 2} Ark Natural Gas A a Atlas Cor

Canadian Fnaust Alcohol A... Carrier Corp

Humble Oil & Refining Co .... Imperial Oil of Canada ...... 20% Int. Vitamin . Natl Bellas Hess Inc . Niagara Hudson Pwr Pan-American Tavs . Penroad I! St. Regis Paper Co . Salt Creek Le Assn ... Sega) Lo Lock Son Stutz Motor Car of Amer

CHICAGO GRAIN FUTURES

- (By James E. Bennett & £50)

9:00 High. Low. A. M. 1 30% 3 a 99

1.00 cesses 101% 1.00 1.01%

Prev.

Wheat— close,

10% 69%, 84%

10% 70% 10 65% 65% 32 32% 35

313% 32% 34%

81% 61%: 66% 61% 88% 68%

32% 32

fe Be covoeens . ; 34%

LOCAL CASH MARKET

City grain . elevators are aying 84 cents for No. 1 red wheat. her grades on their merits. Cash corn new No. 3 vellow 61 cents and oats 19 ce cents

Money and Exchange

INDIANAPOLIS STATEMENT

Clearings $ 3,802,000 Debits 13,811,000

TREASURY STATEMENT rox Uoied Press) —Government excurrent fiscal with a year Last Year

Ea HR 798.257. 81 $7.315.825,165.57 Deficit ... 4,763,841.642.48 3 75.357.963. 2/681.510,203.96 LE © ibid: Seti f alee ith Customs... 386,811,503.69 343,353,033.56

RESERVATIONS ARE MADE Times Special NEW YORK, July_2.—More than

have made hotel reservations for the American Bankers Associa

Association convention to

65-b. | be held in San Francisco, Sept. 21

prints La

to 24, it was announced today.

64,300. California was .third with 62,930, snd Virginia ranked fourth with 25, 000 acres. “A pack of 8,170,640 cases of mato juice in 1935 confirms

product that was hardly known eight years ago,” Mr. Rogers said. “Last year’s production was 43.2 per. cent greater than the pack of 1934."

Pack 1,980,981 Cases

‘Indiana packers prepared 1980, 981 cases of tomato juice for the

1,153,064 cases, and New York's pro-

ware and Maryland are other leade ing producers. Indiana also was shown to be far the greatest producer of tomato pulp and puree with a total much larger than California's. The Hoosier tomato crop, pro duced for manufacture, amounted to 350,300 tons in 1935, 315,400 tons the previous year, and the annual average for 1929-33 was 259,700, Mr, Rogers said.

Leading Sweet Corn Producer

for canning, Indiana ranked ninth in acreage planted to this crop in 1935. The total was 7300. Wiscon= sin was shown to be by far the greatest producer of peas. Only Illinois and Minnesota led Indiana in acres planted to sweet corn for canning in 1935. The Illi= nois acreage was 90,000, while Ine diana used 49,700 acres for this purpose. Green beans and pumpkins are about the only othér crops raised for commercial canning in this

Practically no fruits or berries are packed. Many Plants in State The Morgan Canning Co. of Aus tin is said to be the only cannery in the state which cuts and packs its own kraut. Other packers who can this item usually purchase the kraut in casks from producers in other states. There are more than 200 packing firms with membership in the Ine diana Canners -Association, ' Mr, Rogers said. Several of these comepanies operate factories in. more than one community and a few

firms are not a ted with the ase sociation. ; ’

COAL PRODUCTION DIPS

Indiana Output Is 218,000 Tons for Week Ended June 13.

A decrease of more than 50 per cent in Indiana coal production for the week ending June 13, as compared with the corresponding period of last year, was reported today by

The state mined 218,000 tons of bituminous coal during the week ending June 13 while in 1935 the corresponding output was 444,000 tons. Indiana’s tonnage represented 3.2 per cent of the national output for the week of June 13,

(By Lyons & Co.)

'85 1 2 & 0 Ty '39 + 9 Brooklyn Edison 3Y%s ’66 _. 101 Brooklyn Man Tr 4Y.s '86.. Cal Ore Pwr 4s ‘68 . 96% Cent Ore Pwr 4s E Cen i & 3 106

C & O 3%s '96 es 99 Enicago oa St 3%s 63... 10% est n 4% 8 e==ee.e 100A

103 i if 1008 Cin Un Yas pi 106 Cleve Hiec Titus 3a '85...... 11 a Eltve Tractor 5: ewes 1 lumbus a 4s 85 108% 1 A River P je Ed 3 104

L Js "61. . ’48

lated lidated lated 32s Consumer Power athe Cudahy 3%s ’55 Cudahy Pe

"M0... 104 104 101 1 1 1

ec W Edison rr 35s '65 Fairbanks Morse De Iowa Souths ¥ til 5s Jones & vii 3 ik Rana

Falls os Natur Toa pi phia Natur Gas Conv 5s '46 c Lite 4%2s 45 Pacific G Peo

Gas Lite Penn Tel 4s '65 Potomac Eee Power, 35s "6i..

RAILWAY EXCHANGE B EWE

—

NEW YORK CHICAGO

Thomson & McKinnc

-

steadily growing popularity of this %.

market in 1935; California packed: duction totaled 1,045,232 cases. Delae

Of the 14 states that raise peas

state, according. to Mr. Rogers.

the United States Bureau of Mines, -

New Bond Issues