Indianapolis Times, Indianapolis, Marion County, 20 August 1936 — Page 18

_ the governinent—that is, he off-

+ Abreast of

ries to Ascertain

PAGE 18

THURSDAY, AUGUST 20, 1936

the recovery movement and

Persons employed in the United States tn June numbered 38,996,000, compared with 38,908,000 in May and 37,754,000 in June, 1935. This was a new peak for

showed 5,934,000 had found

jobs since the depression low.

True Total of Public Debt.

VINCENNES AND

BY JOHN T. FLYNNee!

N= YORK, Aug. 20.—The big . American debt has now got into the campaign. And of course, as might be expected, some strange things happen to the debt when political orators and statement - issuers begin to handle the .figures. On the Republican side the figures are

ble level, while the Democrats use all sorts of to the

tary Morgenthau subtracts from it various large sums which are due

_ sets against what the government

. owes, sums which are due to the

a |

a 5

o =

| government itself. He goes fur-

ther and subtracts from what we

owe the amount of cash we have in the treasury. I have tried to put down the figures as they really are. ” ” HEN President “Hoover took office the public debt was in round number, $16,000,000,000. Hoover unbalanced the budget

the public debt. He increased it $4,750,000,000. Roosevelt criticised him severely for this. = When, however, the - President took office he continued

the borrowing policy of Hoover. He

£ .{ has increased the public debt up to

. least another two bilion.

~ July 31 of this year by $12,700,000. I am using round numbers to make it easier to keep in mind these vast figures. The total Federal public debt now, therefore, is $33,450,000,000. ” = 2 HAT is, it has Increased since the depression $17,450,00,000, a staggering sum. That is what it has cost this country to keep afloat. Of course we are not yet through with this process. The plans of the government are to continue borrowing. What it will be when we come to a stop no one can say. Now, against this debt, certain deductions are made by the Democrats. Large sums are due the government. That is, a good deal of the money borrowed by the government was in turn re-loaned to others—states, corporations, farmsers, home owners, etc. Of course the government’s debt is fixed. No matter what others owe the government, the government must meet its debt. However, the government will recover a good deal of the money it loaned and with that reduce the debt. 8 = = HE sums due the government are represented by bonds, stocks, notes from various government corporations organized to carry on recovery work—like the Reconstruction Finance Corp. and the Commodity Credit Corp. These corporations ‘owe large sums to the government. But the corporations also have large liabilities, for which the government is responsible. If we balance off the amounts that are due the government against the liabilities of the government in these corporations, there is a balance in Uncle Sam's favor of $4,569,000,000. If the government realizes on this it can cut the debt down by that much. This would leave $28,884,000,000,, which would have to be paid out of taxes. Of course it is ridiculous to attempt to offset against that the government's cash balance in the Treas-

ury.. In another year the net debt

will probably. be increased by at This is. about how the matter stands now. (Copyright, 1936, NEA Service. Inc.)

. LIQUOR SALES GROW

Newspapers were credited with being the dominating advertising medium responsible for steady sales

increases by the Brown-Forman

. Co., Louisville distillery, when C. . Michel Doiseau, vice president, addressed a meeting of distributors and salesmen in the Cla yesterday. He said sales for the fiscal year ended Abril 30 were 200 per

~ cent higher than for the preceding

12 months, and that June and July

MICHIGAN CITY LEAD IN STATE

Jobs and Pay Rolls Show Outstanding Gains in Two Cities.

Greatest employment gains in Indiana during July were made in Michigan City and Vincennes, a study of Indiana State Employment figures revealed today. The largest decline in employment and pay rolls was reported in Connersville. Employment increased 23.9 per cent in July over June in Vincennes and pay rolls picked up 26.6 per cent. These gains were mostly seasonal with a heavy volume of business accomplished during the month by packing and cold storage plants in the Vigo County city. An advance also was reported in the number of steel workers employed in Vincennes.

Railroads Place Orders

The expansions at Michigan City were given as 14.6 per cent over

per cent in weekly wages. The gains made there were attributed.to orders placed by railroads for car repairs and new rolling stock. This upturn was in keeping with July railroad news. A slump in production of refrigerators and automobiles was believed to have caused a 30.4 per cent drop in employment in Connersville during July. Payrolls toppled 44.3 per cent in that city. Pay rolls and employment in Marjon were practically unchanged as compared with a month ago when the Grant County seat led the Indiana procession in increases, due largely to resumption of heavy schedules in radio factories.

Indianapolis Slips Back

In Indianapolis employment was down 2.1 per cent from June and pay rolls declined 7.8 per cent.

Other cities to report gains were: Lawrenceburg and Aurora, 5.5 and 15 per cent in employment and pay rolls, respectively; Terre Haute, 5 and 1.7 per cent; Huntington, 4.4 and 0.6 per cent; Gary, 3.3 per cent increase in employment with a decrease in pay rolls of 3.7 per cent; Evansville, 21 and 12 per cent gains; Kokomo, 2.9 and 3.4 per cent.

‘Bloomington, East Chicago, Hammond, New Albany and Jeffersonville, Newcastle and Richmond

losses in pay. Recessions in both itmes were reported by Elkhart, Lafayette, La Porte, Muncie, South Bend and Mishawaka.

COMMODITY PRICES AT RECOVERY PEAK

Twvmes Special WASHINGTON, Aug. 20.—A continued rise in farm produce prices caused the wholesale commodity price index for the week ended Aug. 15 to advance to 80.3 per cent of the 1926-28 average, point reached during the recovery period, the National Fertilizer Association reported today.

A week ago the index stood at 79.9, a month ago 78.5 and a year ago 78.1. Hogs, cattle and poultry registered gains during the week raising the livestock index to the highest point since April. Grain price movements were mixed, wth

several years, but weakness in ceriam other grain quotations was evient.

New Bond Issues

(By Lyons & Co.)

Allied Stores 4!z2s ’51 Arkansas Gas .s ‘51 Asioc)aied Telephone 4s '65 . B & O 42s '39

Cal Cre entrzl Maine 4s entral Oil 3'as C & C “H” 3'2s8 '96 Chicago West in 43s 63 .. Chicago Union Sta 32s '51 . Cleveland Tractor 5s 45 Columbus Railway 4s ’65 Com Invest Tr 1st 3!zs '51....1 Conn River Pr D & L 33s 61.

‘business indicated volume for the |g&igahy

last six months would double the like period of 1935.

Fruits and Vegetables

Cuverage below, subject to change e wholesale prices being offered jocal, Santen h dealers.)

‘Apricots—15.1b asket State.

Jellgw. $1.50. Gra

antalou Pu No, 1s, b 3 LB Po is u., § gr a Rail

ti Day oe Watermelons—Missouri,

VEGETABLES—Beans—Round stringless, hamper. $2. Beets—Home-grown, 8108 Carrots—Ohio, doz Colorado. ho od32, crate, $2.25. aStiery EE Ped, des. 45c. Corn— “Lettuce— CaliJal, Rg 15-1b. PD Mangoes home-

dog., Onions—Calitornia

ha. $1.25. Parsiey-—~Home-' P tern Tel.,

. 45c. Caulifiower | |

Consolidated oi 32s

/4 6 Indianapolis Water 34s vs owa South Yaiiies 62s '50.. Kansas P L 4 Los Angeles 6 Xs, 4s '70..

Narr 2% Y or N Y Chi St Louis 4s '46 10 Niagara Falls Bw Yas '56.. New York Ed 3lzs 10.

Limes | Okla Natural Ses 412s 61 sian | Okla Natural ees s "46 ..

~~ —Mexican, - csrton, 13s, 3 y Per 5 Bg) 100. $250’ Peaches—Geo $1.85, i a & crate oy

Pacific Lite 4% Peo Gas Lite Penn Railroad 3% '70

b. | Penn Tel 4:

43s a . lagu NE 6 '65 . : 4 jan Diego G & E 4s '65.. Southern Col Gas is *65..

ene 99 Pub Serv 4s "61 ....

Local Securities (By Jndisngpois Bond and Share Corp.)

The uotations do Fy Xe c= ‘sent ona a= ere

or off indicate ihe & a I mi Sranasotis

& g 2

mo 2s Za agi 2

2 E

fun a 5

June employment figures and 10.3 |

the highest A

Commodity and Trade Trends Charted

oO A=

«© (=)

BUSINESS TREND

‘00 on

MOODY'S DAILY COMMODITY INDEX

— i

MODITY INDEX!

4 ‘ CoM

)

RC ececcecons

, MOODY'S INVESTORS seavice

AUG.

SEP.

OCT. NOV. 1935

DEC. JAN. ~ FEB.

MAR. ~ APR. 19

20 *

MAY ~ JUN. . JUL. ; AVG. 367

New York Stock Exchange Prices

(By Thomson & McKinnon)

Noon.

High. Low. N.Y.

Houston (new)... Mid Cont Pet ..

pPhillips Pret .

Plymouth Oil Pure Oil Seaboard Oil ... 11 Un

orp Trewatey Assn.. Steels— Acme Steel A

Ludlum Steel... 2 Mid Steel pt: ¥4 Natl See] Otis Steel . Rep Iron 'e Steel 22%; U 8 Pipe & Fd a2 U 8 Steel Warren Pipe-Fd Youngstown S-

Motors—

Auburn Chrysler Gen Motors .... Granam Mot ...

showed gains in' employment’ but Rup

Reo Studebaker Yellow Truck .

Motor Access— Bendix

Timken Det Axle 21% Mining—

Alaska Jun 14%

Howe Sound ... 51 Ins Copper .... 11 Int Nickel Kennecott Cop.. McIntyre Mine.. 4 Park Utah

Vanadium Amusements— Crosle: Sadi .

corn reaching the highest level in |i

Radio Corp .... Paramount .e RKO Warner Bros ... Tobaccos—

Am Sum Tob.. Am (B).

kt,

12 1% 19Y2

21%

14% 85 38% 11%2 55% 18% 51 11 53 46% C42 3s

01% Lig & i ers (B) ii 1

Lorillar Reynolds T (B)

Atc Ath oot Lines.. B&O

Sou R R West Maryland. Equipments—

Am Brake Shoe. 57% Am Car & Fdy. 42% Am Loco

Am & For Pwr. Bh AT&T

t 5 21 Col Gas & Elec. i

Comm & Sou.

tq BRE ER

32%

BEGE8LRRI0 FREER EFIFR 222

eo 2 a

United Fruit .... 81 Wrigley.

Noon. Low. N. Y. 81 64%

High. 64s

oo Stores—

Allied - Stores . Assd DY Goods. &

Best Pret Natl Simbel Bro Gm Un T

13 18% Stores

Kresge S 8 Bosse Groc ....

H Melolian St Marshall Field. .

Safeway St .. Sears Roebuck

Woolworth

Aviation— Aviation Cor

Beni Cur

Cu Douglas A Nor. An, Av

Spe: 21 Ota Wircrate new 26

Chemical

Am Com Alcohol 38% Col Carbon ....126

8% 19%

ir.. 73 8

21 BY 25% .— . 282 126%

268% 126%

1, | Lehman Corp

N. Y. Bonds

(Reprinted From Late Times Yesterday) DAILY BOND INDEX

(1926 average equals

cece

Today Yesterday Week a

(Copyright,

100) 20 . Util.

60 Bonds.

U. 8. GOVERNMENT BONDS (By Abbott, Proctor & Paine)

1947-5

1955-60 1942-44 1949 .

ederal Farm Mortsaze, C

Treasurys

Home Owners Loan Corn,

Wa 1 Am Roujng Mills 4Y,5 *45 .... Balt & Ohi io 5s | 2000

container del

ntern'

Le High Va o Kan

Y Cent

i Wi

Hy Te! Tel Interntl Tel & Vall Tex Adj 5s 87 ccoess

ate 4 Plate Sis ie 18 13 ..

olor ads, & So’ 4128 ° Chi & Nor West Ss

8s .

Co SFP, 4

a & 1 Tel dis °39. . & Tel Bs °55 . ed hoot. 2200: Rob 528 “80 ....... E> 8%s ot evsesacans 4s ‘65 go essed

’81. eC ianamesnens : _sesesssansenein eSsasenvncnnen svesagssnssvene 93

Baten SEWER sst nei AVE IIL cx. veennnesd

sessanere

[a RRR BRGBR

1936, by Standard Statistics)

101. orp 1%. 15

$ gorge : Bodo fot ih Bd b a oo } 1081 + i :

; | Technicolor. | Wayne Pump

BREE

| Ak $11 a $9.75.

High. ig BH vO,

16% 16% a a % i . 43%

.o 37 Union Carbide.. 97 U S Indus Alco HI

Drugs— Bristol Myers. . Coty Inc Lambert Un Dru (pew). Zonite Prod ...

Fmancial. Adams Exp . 13% Aaheny Corp. 37% Am Int Corp ... 11% Chesa Corp .... 82Y +.105% oo 13% .. 10%

Com Solvents. "ee

u agp ( Path Math Alkali

1012

411; 5

47 51

17% 14%; 1

Transamerica Tr Contl Corp

Building— Am Radiator 22% Holland Furnace 38% Int Cem 5Y4 Johns Manville 118% 1 Libby Owens Gls 67% Otis Elev 29

Household veo 13% 20Y2 21 47Y,

247 37Y

Simmons Bed .. 37% Textiles— er Woolen .. lanese Corp llins Atkcman Indus Rayon .

27% 52Y2 3212

% . 523 . 32Y;

Chicago Stocks

(By Atkins, Hamill & Gates) . 11:

16 Asbesto. Ber

0 Butler Brothers Central Ill Pub Service pd. Cities Service e Sorat Edison ... Tr

Cran Dayton Rubber Electric Household General Household ..... Ene Sugar “An. ary,

New York Curb

(By Atkins, Hamill & Gates)

Am Cyanamid “B” Amer G a So Electric Amer . General

n (1) Humble oil and Refining Co. Lake Shore Mine. Molyhdenum Corp of Amer.. Bellas Hess, Inc Niagara Hudson Pwr Pan-Amer Airways ... Pennroad Corp eirgleum swe

| 8st 5 Rents 8

Salt Cek

Sosa Lo Stutz Motor oe of Amer...

U nlisted: ‘Stocks

(By Blyth & Co.)

Chemical Continental Guaranty Irvin,

Bg Manufacturers .. National City First National Boston National Shawm

Aetna Pire Insurance me In Wi

: 47 Rankin American Insurarice.. 32 eat American Insurance.. Banover sgrennes

Home 1 iirance sseseresaress 3014 Ses assassin 4 Nati Libe cxsasasesivave " Rational Fi TY iriaesies ree x ve “sss 57% Westchéster Fire ........e.... 36

Other Livestock {By United res) : Eon, Iu a ects moss”

ters to

¥ nol

Prev. close.

Prev.

SWINE VALUES DROP. 10 GENTS

AT CITY YARDS

Heat Wave Sends .Top Down From $12 Monday to $11.60.

Swine prices dropped 10 cents lower in all classes today at the Indianapolis Union Stockyards with the ‘extended heat wave termed the depressing factor by traders. Top price of $11.60 represented a loss of 40 cents since Monday when $12, the best price since last September, was paid. Demand centered in hogs weighing between 180 and 250 pounds which sold for $11.25 to $11.60. Kinds averaging 250 to 290 were salable at $11.05 to $11.50; weights from 290 to 300 moved at $10.65 to $11.15; the 300 to 350 pound group brought $10.15 to $11.05 and 350. to 400-pound kinds sold between $9.90 and $10.40.

Packing Sows Weak

Lighter swine, in less demand, were salable at $10.40 to $11.30 in weights from 160 to 180, at $10.15 to $11.25 in weights from 155 to 160, at $9.40 to $10.40 in weights from 130 to 155, and at $8.90 to $9.65 in the 100 to 130-pound division. Packing sows were weak to 25 cents lower, bringing $8.50 to $10. Shipments were light, being estimated at 3500 hogs with 751 holdover, cattle 600, calves 600 and sheep 1000.

Steers and yearlings were steady |

to weak, most fed kinds selling for $8.50 to $9.25. Fed heifers were steady, selling mostly for $5 to $7. Fat cows were 25 cents lower at $425 to $5. Cutter grades were steady at $3.25 to $4.

Some Vealers Higher Vealers were steady to 50 cents

. : | higher, the bulk of better grade

animals ranging between $7 and $8 with strictly choice kinds selling at $8.25 to $8.50.

HOGS Bulk [email protected] $000 11.80

Aug. Receipts

13. 14, 15. 117. 18.,

..$ 9. 11.25 9. gio: 80 . 10, 11. 10.35@11. . 11.05@1 10.60@

85 15 80

Medium: Wels Bom (200-220) Good and ve (220-2 0) SSond and choice. choice. . choice. .

0 Go (395-380) Medium Slaughied Pigs— (100-140) Good and choice..

_ caTTLE ceipts, 600—

C (900-1100) G

c (1100-1300)

9000 DMM HE H-I0D Smo aTmmO mB mina

MOO UMOOO

-3 00990090999

M (1300) Gi

Heifers (550-750) Common, medium.

Good and choice.. Common, medium.

0-300

23233 22388

09993 ONO oho

(750-900)

Good Common and medium Low cutter and cutter Bulls, good Cutter, com. and med. bulk..

Vealers —Receipts, 600—

a Good and choice Medium

‘| North

(250- 500) Good Jud choice. .$ 6.5 medium. 4.00

iy Ra Stocker Cattle (500-800) Com, and choice..$ pl

and medium. (800-1050) Good she choice. . Com. and medium. 4.50

SHEEP AND LAMBS - —Receipts, 1000—

Wes (80-170) Good and choice.. 3 i Com. and medium. 1.25@ 2. aE nective July 1, spring: lambs classified

\oheep and lamb quotations on clipped

Other Livestock

(By Times Special) L Aug. 2v.—aivie—Receipts, {0u, INCIUGINE U0 wireci; trucked in supply moderate; Quanty only fair; aemana uepenaapie for petier gr siaugnwer cattie; inese 1ully steaay piainer graue offerings S10W_and- Y parety steady, with week's Ge-

bas

q Tr; iow -cutiers ana cutter cows, 4, saus- : as,

age scarce; wie, $4@o; Dest neavies to $9.40. LElves—iece1pis, SUu; Males Not Tuy es Bua 3 408% opening aicat aroun sweauy witn Weataday. or_ largely a ior 10 Cao ea -SLeCeIPLS, oy; market eaay; 10p ana wulk, ldv-200 v $41.30; 200-300 10a. $10. “0; We og up, $10.30; 12vu-le0 Boga Jos PLS, 1400; eariy

: largely $0.35 Jor Lo Ki oS 3a Wether

50 down. A 32 es Spives, 318: calves, 251; hogs, none;

EES

ooo LLL

st, smoke stack, Schoo! t-st ol ablic, 0] NG ey and Bugar

or | building, , Sullivan Motors Co.,

TH ~ Hibben-olwes. ER 110 8: Meridian-st,

CONDUCTS MERIT TESTS

Martin ¥. Carpenter, Indiana State Employment Service director, left today for Jacksonville, Fla., where he is ta conduct merit examinations for three weeks in various cities of that state. He was selected by the United States Employment Service to establish an eligible list for the Florida service. John Collins, Indianapolis office manager for the service, recently returned from a similar assignment in Oklahoma and New Mexico.

PRAISES FAST U. S. TRAIN SCHEDULES

Association Head Points to Recent Improvements.

Times Special WASHINGTON, Aug.

said today.

total distance of 1100 miles in 1930.

cent years.

mediate poin

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

Administered Fund 2nd - Affiliated Fund *American Busi os Shares. . Broad. Street Investing Bullock Fund, Ltd

eon AA or ‘“Acc’ (Unmod) orp Tr Shares (Orig) iv versified Tr Shar “Br versi ed Tr Pi “Cle Diversified Tr £hares 0 ves ividend “Sharss, Inc .. General Investors Trust. porated In hop

Fund Am

2.79 2.87 ..10.75

4.95 7.35

tors

an Massachuserls Investors gre utual Investmen us ‘Nation-Wide Voting Amer Tr Shs 1955 . North Amer Tr Shs 1956. . No American Tr Shs (Orig)... uarterly Income Shares.. e Amer Shares, Inc 1 e Amer Shares (Orig) Cumulative Sharms..

lected

Eo Permits

roy titer Stace, 860 Ballard-st, electrical,

Chiatles Lee ¢ Laundry, 834 Pt. : electrical $100 y, 934 Ft. Wayne-av,

oe Miesse, 5837 Winthrop-av, electrical, = E. Montieth, 817 York-st, ceasipea hn Da dson, 209 8. Davidson-s

oi garage, a Lentz, 1744 Howard-st; garage, ny ege-ay, fur-

Edward 1. Hauck, 3905 Co 4160 Guilford-av, stoker,

nace, Goodlet, 4434 Broadway, stoker,

$400, W. K. Gearin, J.C. Be 5232 E. Michigan-st, garage, Honan James, 1210 W. 31st-st, alteraWL Gilmore Morgan, 1515 Central-ay, re-

Florence Whiteman, 656 N. Tibbs-ay, J. W. Shank, 344 N. Walcott-st, repairs,

$700. ‘W. O. Moore, 1218 Cruft-st, garage, 31%. st, basemen

Martha Howe, 1311 Grante

Leo McKinsey, 1552 Lexington-av, oe.

ats oan Hotel. New Jersey and MarketA, Pfister, 1404 Lawton-st, garage,

1 : D. LJohmapn, 404 N, Bancroft-st, alteraAndrews Overall Laundry, 2520 E. 12th-

$295.

Altenneim Hou House, 2007 N. Cepitol-av, Mutual Milk Co., 2243 Bethel-av, storage 648 Virginia-av,

Polar Ice & Co., 10th-st and Persh-

ed GRE Tilo atavettera, ators

20. —The United States has the fastest trains’ for distances of 800 miles or more and has a greater number of trains with scheduled runs of 60 miles an hour or more than any other country in the world, J. J. Pelley, Association of American Talironds

“The increase in this country in the last five years in the speed of trains operating on fast schedule

is without parallel,” said Mr. Pelley. “More than 400 trains covering in excess of 19,000 miles at the beginning of this year operated on scheduled runs timed at 60 miles an hour or better, compared with 30 regular runs’ operating for a

The fact that many of these trains operated daily over long distances and with very few failures to maintain their schedules, constituted for the railroads of this country one of the greatest achievements of reTo operate at an average of 60 miles and over, it is necessary for trains to run at considerably higher speeds owing to stops that must be made at inter- ”

PRODUCTION OF

HARDWARE HITS

SIX-YEAR PEAK

Record Sales . of Electrio Fans and Garden Hose Are Reported.

Times Special NEW YORK, Aug. 20.—The vole ume of business in the hardware industry for the first seven months of 1936, aided by a surge in distribution during the late spring and early summer, exceeded that of any comparative period since 1930, Dun & B treet reported today. uction ranged from 20 to 50 per cent larger than in 1935, while retail sales, retarded somewhat by a scarcity of summer supplies, gained 15 to 30 per cent, the report said. The improved rate of consumption was shared by nearly all jtems, with quality exerting more influence on purchases than price appeal alone. Fall Orders Pass 1935 Influences of the drought as yet have not been reflected in wholesale markets, early fall orders running 20 to 40 per cent more than those of a year ago, the survey showed. In proportion to the gain of the industry for the first 6 months of 1936, estimates for total wholesale volume for this year have been raised to $620,000,000, a 25 per cent increase over actual figures for 1935, the report stated. Volume thus far this year hag represented a wider unit distribution, as prices have been firm, but steady, with the exception of a few minor rises. Although builders’ hardware more than doubled in out put in some localities, total sales were not mere than 25 per cent of the 1929 average. Buying in rural areas has broadened steadily, with the Resettlement Administration contributing to the improved show ing. In July the machine tool industry climaxed its steady gains of the first of the year by reaching a new high for the recovery period. Tool and die shops had more orders from the automobile group this summer, than in any year since 1929. Factories turning out screw machine prode ucts, especially nuts and bolts, were reported operating about 50 per cent ahead of last year’s schedules. “Production has trailed orders since June, as no inventories were accumulated, because manufacture ers lacked confidence in the cone tinuance of demand,” the report said. “The popularity of bicycles kept some factories four to six weeks behind their delivery dates. Orders from farm equipment makers declined seasonally in Juld, but were the largest in several years, for that period. “Following a slack period during the unfavorable weather of the spring season, retail sales gained momentum during the second quarter of the year. After the heavy movement of winter goods, demand turned to machine tools, portable electic tools, plumbing supplies, roofing materials and farm implements. Camp Equipment Sells Well “The prolonged dry weather built up new. records for the distribution of garden hose, sprinklers, water piping materials, and electric fans. Camping equipment, and beach accessories also contributed to the volume. Wholesale orders for fall goods were placed nearly a

20.88 I month earlier than usual this year,

low stocks, widening consumer demand, and imminent price advances accounting for the haste to cover requirements, “The general price level has remained fairly steady since the fall of 1935 when a few minor revisions were made, Due to the increase in finished steel quotations for the third quarter, several articles were advancd moderately.”

IE/FIRM TO LIQUIDATE

Ludwig Burck, Indiana Departs ment of Financial Institutions, has been named liquidating agent for the. Virginia Avenue Building and Loan Association. This action fol. lowed filing of a petition to liquidate yesterday by a majority of shareholders. The petition listed liabilities of $56,106.09 and" assets of the same amount,

CHICAGO GRAIN FUTURES (By James E. Bennett & Co.)

11:00 Wheat— High Low rer

A.M. Close . $L16% $1.13% $1.14% $1.14 vig Miia Mim Mie ie tw 1 110% 1.14%

4 Ah

LOCAL CASH MARKET City grain elevators are paying $1.07 for No. 1 red wheat. Other grades on their merits. Cash corn, new No. 3 yellow, $1.11; oats, 36c. Hay-—No. 1 timothy, $13.50@15; ‘No. 1 clover [email protected]; No. 1 alfalfa, first cutting, 3450915; second cutung, s10017.

z .

a | 95%

11s 16% 980s A4% 45 AB 83%

esse

FALL TERM OPENING

August 3! to Sept. 8.