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Chicago Tribune from Chicago, Illinois • 33

Publication:
Chicago Tribunei
Location:
Chicago, Illinois
Issue Date:
Page:
33
Extracted Article Text (OCR)

't CTITCAGO DAILY TRIBUNE: WEDNESDAY. OCTOBER 3, 1934. 1 ,7 7 134 kat Si 1 .2: 2 Kt 11 ri tly woo 1.ra NEW YORK CURB TRANSACTIONS Winnipeg Grain Malet Silent on Threat to Probe Activities RUSH TO GET CAPITAL OUT OF CALIFORNIA crll tll I gil LILL, STEELINDUSTRL: III OR. Tuesday, October 2, 1934. Shares sold today 90,000 Total sales 1934 to date 48,615,000 Year ago 190,320 Total 'sales 1933 to date 83.696,864.

litcrtm 7'1 C.7 IdUlitak; Net Sales. High. Low. Close. chge.

tAero Mfg 200 1 1 114 Ainsworth 500 14 143k 1IV2 Ala Pow $7 70 49 48 49 1 Allied Mills 300 73 7 7 Alum Co Am 150 50 491k 49 1 Am Book 10 54 54 5412 Y.2 Am Cyan 700 16 1614 16 Am Founders 500 fit flr YIT Do pfd 25 13 13 1312 1 Do pfd 100 13 13 14 Am Gas El 400 21 207A3 21 Do laid 25 8014 8014 8014 Am Light 200 11 11 11 tAmMaraealbo 700 tic Am Pot Ch 100 12 12 12 3 Am Sup Pow. 1,500 1 134 134 Aneh Post F. 100 1 1 1 14 Aretur Rad 1,600 A A Ark Nat Gas. 300 1 1 1 Do A 100 1 1 1 1 Hearing Are Started by Feleral Beard. Blame EPIC Plan Approval for Bond Price Break.

Winnipeg Shows Most Loss; Chicago Has Rally WINNIPEG, fins grain firm of Paris practically The Winnipeg grain exchange is not controls Argentina's crop. They point ont that it was the Argentine that issuing any statement in regard to btroke up the last wheat conference. John I. MacFarland's request for gov- i H. H.

Stevens, Canadian minister of ernment investigation into alleged trade and commerce, stated MacFarheavy selling of futures on Winnipeg land's request for governmental invesgrain exchange and does not intend ligation into short selling on the Win-to issue one for the present, Roy Mil- mipeg grain exchange would naturally nor, president of Winnipeg grain ex- receive his sympathetic and close con-change tonight told the TumuNE corre- adding that any investiga spondent. tion which MacFarland asked should "We have not called meetings to be granted. discuss the issue nor do we intend to Mr. MacFarland's contention is call one," he said. We have not been: known to have been that he should asked by MacFarland or the not be obliged to take all the hedges government for any statement and un-, in the market, but that private grain til we are asked we intend to mind: traders should carry their share.

Mac-our own business of trading in grain Farland is believed to be dangerously in the best markets available," de- near his limit in support of Winnipeg clared Milner. prices. Expect Resumption of Support. Uritish Traders Indignant. A Continued from page 31, column 8.

Continued from page 31, column 5. BY THOMAS FURLONG. Wheat prices broke sharply yesterday in all principal markets of the world. The most conspicuous weakness was in the Winnipeg market, where the Canadian government has been actively supporting prices for many months. Wheat crashed 5 cents a bushel in the Canadian market in the early trading on "what appeared to be a sudden withdrawal of government support.

About half of the loss was recovered before the day ended. The crack in the Winnipeg market indicated that the attempts of the Canadian government to control its crop is rapidly approaching a crisis. Wheat Below Dollar. No. 'Net High.

Low. Close. elage. 8 do 414s '81 741,4 74 3 do 61-48 '37 99 99 99 2 do 6148 '52 94Y2 94 94 1 PbSvSub 51128'49A 73 73 73 14 PugSdP-L 548'49 53, 53 53 VI 1 do 59 '50 50 50 50 18 do 414s '50 49 47, 49 1 2 Rep 43s '45Acod 354 35 35 2 Ryers 101 102 12 11 St 6s'47 5 44 2 44 2 SanAntPS 58'583 864 86 86 6 Scripps 512s '43. 89, 89, 8934 49 Seattle Lt 5s '49 21 20 24 4 10 4s '67A 93 93 93-- 1,4 1 do 414s '68 94 94 911,8 4 do 4128 10 94 93 94 5 do 58 '70 101 101 10112 20 6s2025A 66 65 6514 84 26 So Cal Ed 5s 100 100 8 do 59 '52 101 101 101 7 do 5s '54 101 100 101 1 So Cal Gas 58 '57 95 95 95 5 do 5s '37 99 99 99 6 do 48 '61 91 89 89 1 6 SCntyGCall8'68 88 87 8712 1 3 So Nat Gas 6s'44 71 70 7112 1 1 NV A Te158'61A 55 55 55 2 NV 58'57A 87 87 8734 14 1 do 5s '57 8714 87y, 87 14 6 58'57A 66 66.

66 1 6s 2022A 48 48 48 4 Staley Mfg' 103 103 2 Std 6s'35 77 77 77 1 do 68 '33 cvt 7712 77 77 4 11 do 6s '51 45 45 45 1 do 6s '66 44 44. 44 4 Std 68'57 42 42 42 5 Std Tel 5,7:29 '43 23 23 231,2 2 Sup Pw111'4128'70 82 89 82 1 Swift Co 104 101 1 do 5s '44 106. 106 106 1 Syrac 58 107 107 16 Tenn El 58'56 80 79, 80 3 TexEIS 58 '60 79 79 7914 1 5s '56 89 89 89'Yt 5 do 5s '37 102 102 102 TideWP 5s '79 A 71 -71 71 1 ToledoEd 5s 103 103118-1- 3'si 5 TwCRT 512s '52A 46 46174 4614- 12 7 6s'44 st 4914 49 49-1- 4 UnGulfC 6s 103. 10114 1 6129 '74 41 41 41 2 do 69 '75 38. 38 38 14 4 512s '52 47 471 47 5 do 6s '73 A 30, 38 38 1 USRub 63 '40 92 92 ODA 1 4 Os 2022A 48y, 47 47-- 1 2 5s '55 A.103 103 103 1 VaPubS 69 '46 58 58 58 1 do 59 '46 A 69 69 69 1e 1 do 5s '50 65 05 6512 1 1 WardElt 69 '37 102 102, 10214.

18 WashGLt 5s '58 97 97 97 1 WashWP 58 '60 93 93 93 1 WNewsDel tis '44 42 4'2, 424 9 WTexUt 5s '57 A 57 57 11 5s'55A 81 83 834:2 1 4 59 '44 91 90 91 5 Yorktlys 59 '37. 96 9612 9612 34 FOREIGN BONDS. LIVURPOOL, Oct. of the Liverpool grain exchange in the proposed investigation created indignation here today. Redmayne Jones, president of the Liverpool Corn exchange, declared no government inquiry necessary.

Liverpool is a hedging market for millers and merchants throughout the world and there is no unwarranted short selling, he asserted. Present low prices are due to operations of the French government and weakness of the Argentine market, he said. Mack-arialel withdrew his suppott today from the Winnipeg market and 'wheat prices broke 3 cents. It believed however, the government NWill insist he continue his support. Winnipeg grain men are convinced that an investigation such as Mac Farland suggests would reveal Argentina as the source of heavy selling.

They are equally convinced that Canadran operators would be found responsade for rio more than normal volume of selling. Grain men here say that the Drey was causing!" a great spirit of unrest among all ttle Desverninc, consenting to continue with the hea ring informally," pointed out the poIcy to be pursued in all United Statis Steel plants with this statement: The company is firmly convinced that its plan of representation constitutes a fair and impartial arrangemeint for collective bargaining on the part of all employs, irrespective of their association or non-association with any national union. The plan Is probably the most forward looking arrangement of its kind in operation in any industrial enterprise." Vice President Young, who as a boy in 1895 ran errands in Joliet, echoed these words and asserted he had been told by a member of the old national labor board that three members of board had termed the repmsentation plan as the fairest ever larought before the board." Says Labor Approved Ilan. est ever e-nt oetore me uoaru. tof sou, Says Labor Approved Flan.

which Sinclair predicts to California; spells keener competition for jobs with resultant 'lower wages and spread of destitution," the report goes on, while at the same time the flight of capital from California indicates that there will be less wealth to pay the huge taxes which Sinclair intends to exact in order to maintain the irw creasing numbers of unemployed." 6 Representative Issues. Six twenty year municipal bonds, considered the most active and most representative, are used to support the declaration that capital is fleeing front the state. They are Los Angeles 44s, San Francisco 42s, Oakland 41,4 Sac. ramento 4s, State of California 4Ihs and East Bay Utility District 5s. Reports show that bonds of the four principal gas and electric utilities, in which a great amount of the savings of California citizens is invested, have declined more than 7 per cent since Sinclair's nomination Aug.

28, while bonds of such utilities as American Telephone and Telegraph have gained and bonds of Philadelphia Electric, have declined only one-half of one per cent. Armstrong Cir. 205 1914 15 tArt Met Wks 300 2 2 2 As 500 14 12 tDo A 100 Atlas 300 814 814 814 Do 700 3 2 27s tAuto ArMach 100 514 514 514 14 tBlue BOO 1 1 1 tBrillo Mfg. 100 6 6 6 Br Am Tob 100 31 31 31 14 tBrown Dist 100 814 814 814 14 pfd 100 17 17 17 iRwana M'Ela 100 Cab Wire 900 Can Mare Wire 700 2 17s US 12 Carib Syrt 400 2 214 234 tCatalin An 200 4 4')it Celanese 25 86 86 86 14 teharis 100 1214, 1214 1214 Cities Service 2,900 17,4 114 1 Do pfd 300 1514 15 1514 14 Svc 6 pf 50 1414 1414 1414 14 IColon Oil 300 1,4 1 12i. 114.

vte 100 Corn So war 900 fe we Bal 600 64 6314 6314 tCosden 0 Me 200 114 112 114 14 Creole Pet 700 13 1314 1314 tCresson Gold. 2,600 114 112 114 14 Crocker Wh 200 4 3 3743 14 CrwriCintl 100 6 eitt 6 14 Cuneo Press 300 20 20 20 14 tCusi Mex 300 114 1 1 14 Dist Co 300 2214, 217s 21 14 Dow Chem 800 6014. 68 68 12 East Sta Pow. 2,400 12 12 1A1 Easy 300 314. 314 314 El Bond Sh 1014 1012 101is El Pow As 400 4 4 4 14 Do A 300 4 3 El opt 100 114 114 1 12 tEquity Corp.

200 13 114 1 12 Eur El deb rts 300 Evans Wall 100 11 14. tEx-cello 100 514 542 5 1A3 1A3 Fajardo Slur 25 85 85 85 tFalstaff Brew. 300 3 3 3 12 tFidelio Brew. 400 Flintkote A 100 814 814 1,4, Ford A. 1,500 22,4 21 22 7.18 Ford Not Ltd.

500 9 9e1 ei Garlock Pkg. 200 2212 22 23 -4- 1 Gen Alloys 100 1 1 1 12 Gen Invest 100 Gen Rub. 25 60 6i) 60 1 Georg Pow pfd 125 54 53 54 1 Glen Alden 300 2114 14 Globe Under. 100 7 7 7 tGold Seal El 500 1 114 114 Goldfield Con. 1,500 14 Gorh Mfr Atte 300 1212 12 12 112 Gt 1st pf 10126121201412614 114 Gt Nor Pap 50 28' 23 2312 12 Greyhound 100 157S 157s 1514 Gulf Oil Pa 100 53 53 53 tflir Waller.

100 25 25 25 Rolling Gold 1.500 20 20 20-t- Horn Hard 75 19 19 19 thluds 13 500 13,14 1314 134- 14 Falstaff Brew. 300 3 3 3 tEidello Brew. 400 Flintkote A 100 8,4 6 Ford 1st A. 1,500 22. 21 22 31 Gosaddolovt Tomo 29214.

22, 1 y. ue'n Alloys 100 1 1 1 Gen Invest 100 25 60 60 60 1 Georg Pow pfd 125 54 53 54 1 Gen Rub. Glen Alden :100 2112 214-V tGlobe Under. 100 7 7 7 tGold Seal El 500 1 1 1 Goldfield Con. 1,500 14 lir Gorh MfLr lete 300 1212 12 12 it, 12612 1 Gt lst pf 12 Gt Nor Pa 50 2312 2312 2312 12 10 612 12012 Golf Oil pa 100 ,53 053 53 Greyhound 100 1578' 15,8 1 5 78 tHir Walker.

100 2a 5 :2 5, Honing' Gold 1000 3014 20.4 21,74 Horn Hnrd 75 19 19 19 thluds 500 13 1314 13-1-- 11 ILLINOIS WHOLESALE ESTABLISHMENTS RISE; BUSINESS VOLUME OFF No. Net thous. High. Low. Close.

ehge. 2 do 4s '56 100 99 100 1 2 do 41As '60 99 993 99 27 do 4s '81 1' 9014 90 9014 1 10 do 5128 '62 107 107 107 7 ComiSto 5128'48A 79 78 78 18 Comm 5s'57 47 47 47 1 110 110 10 CormRivP 5s 10314, 103 ConGELBa 4s 103 103 1 1 ConGUt 64s'43 A 5 5 5 7 do 68 '43 424 42 42 2 ConsumPr 5s '36 104 104 104 8 do 4128 '58 105 105 105 2'2 A 48 47 47 3 ContOil 514s' -'37 .101 101 10114 1 Co-MC 6s '45 3 3 3 1 CraneCo 59 '40 98 98 98 7 CrueibleSt1 5s '40 91 90 91 22 CudahyP 5129 104 104 1 6s "49.1084 108 10814 14, DelE1Pr 514s '59 81 8411 8414 1 1 5s '49 .10514 10514, 10514 14 1 DeteGas 6s '47 A 95 951i 95V2 14 7 do 5s '50 87, 87 87 9 DixGulfG 101 101 14 EdElIll 5s '35 .100 10014 100 16 5s 2030 361 36 30. 5 514s '42 61 61 61 2 ErieLtg 59 '67 95 95 95 2 EedWat 51As '54 31 34 34 34 EstoneCM 5s 101 102 1 EstoneTire 5s 103 103 14 5s '54 59 58 58112 14 4 FlaPr '79 A 683 08 08 GatinPr 5s '56 94 93 94 1 do 6s '41 91 91 91 1 6(10 6s '41 88 88 8814 8 1 GenMotAc 5s 101 101 1 do 58 '3d 1031 103 10312-, 5 GenPubU 614s '50 10 45 46 1 GenRayon (is '48 55 55 55 GenReir 6s'38 xw 93 93 9314 114 5 GenWW 5s '43 A 54 54 54 34 16 GeoPr 58 '67 78 77 77 2 Gillette 58 '40 .103 103 10314 11 GlenAlCoal 4s "65 78 77 78 8 GrandFW 6s'48e 34 34 34 1 1 GrNorPr 58 '35 98 96 98 2 GrWPr 5s '46 104 104 11 1 Guli011Pa 5s 47.1o4m, lo4m3104Vs rY48 62 do 58 '37 4 104 104 1 GulfStU 5s '56 A 87 87 87 32 2 HackenW 59 '38 106 106 1061'4 14 2 do '77 A 105 1054 10514 7 HallPr 5s '47 A 6 8 cl4 68 6812 34 4 HousGG 6s '43 75 75 75 3 100 10014 11 do 4s '81 .10112101 10131 1 HydrPrNE 5s 105 10512 78 1 l'HygrdEd es'49A 65 65 65 1 3 III Cen 6s '37 79 79 794'2 1 14 5s'56G 64 624 02 1 21 do 6s '53 7014 70 70- 6 do 5128 '54 67 66 66 1 0 5s '55 93 924 93 1 do 58 '57 106 106 100 5 Ind El 6s '47 611,4 617,4 1 do 5s '51 54 54 5474 1 Ind Iiy(1 El 5s58 59 591 5912 6 Ind Svc 5s '50 31 34 34 1122 1 do 53 '63 A 31 34 31 1 Inclols Gas 5s'52 80 80 SO 1 10 Ind 58'57A. ()514 95 9512 6 int Salt 52'51 104 10311 10314 14 int SceAm 5s'47 (32 62'12 6212 112 5 5s '4(3 88 SS 88 10 Inters Pw 68'52 37 37 37 1 10 do 58 '57-. 52 51 51 1 1 InterPSvs 5s'56D 50 50 50 6 do 412s 46 4512 46 1 412s'58 A 94 94 f)4 1 2 JaeltsnvGas 55'42 35 3412 412 3L 5 412s'61C 93 93 93 114- do 5s '47 100 100 10012 18 18 5339.10612 1Oti12 10612 11 7 Ran 94 9314 93 2 Ky Util 54 54 54 12 do 5s '61 55 54 54 7 '50 100 100 5 do 55 '17 $)8 9712 98 2 5s '45 10411103 103 1 5 do 5s '45 et.f.-1011, 1011110112 12 1 Lade 51428'25 67 67 67 2 10 Lehl'S fis 2026A 8414 84 8414 25 5s'42 94 9412 9412 2 Lorir 1s1 Lt 6s'45 92, Sr! 92 12 5s191.103 101 101 112 2 do 5s I 90 96 9fi 2 9912 9912 9912 5 Lou S4211 92 9211 12 Manitor 512s51A 62 63 12 10 Gas 512s'46 S.1912 9912 9912 5 MeCorki fis'43 68 67 67 1 5s '48 91 913,1 111 15 Metrolid.

5s'62 F.100 911 9914 1 MidwUt 5s32 ctl 614 6,,4 61'4 1 Minn 5s'55 8414 8414 84'4 11 5s'57 67 67 67 1 Miss Pow 55'55 61 61 61 1 6 Miss It 5s 10112 10112 Mo 51,28 100 loo 8 Mo 5s '47. 43 4312 412 11 fj Mono WP 5s'53 85 84 84 14 1 Mt 109 109'4 4 SS 61'29'37 4 412 412 7 Naragau 5s '57 105 10512 105 541,, 5s '57 101 104 101 1 2 6s 2026A 6012 60 .71 5s 2030B 61 61 61-i In Chicago all wheat futures closed I below a dollar a bushel, but prices I were steadier than in any of the other MARSHALL FIELD principal markets. December futures -1 suld at the lowest level since July. ABSORBS 17 OF ITS At the low prices of the day the losses in wheat futures ranged up to 2V4, SUBSIDIARY UNITS cents, but before the trading ended all contracts had rallied. Closing wheat quotations were off only to 1 cents from Monday's final figures.

The close on December Vow Operate Divisions wheat was 991.1 cents. Losses of about 21, cents were chalked up for as Departments, wheat in Liverpool, Rotterdam, and The Chicago Stock Exchange has Euenos Aires. been notified by Marshall Field The break in wheat unsettled other grains in the Chicago rnarket and of a general reorganization of its Prices declined. In the corn pit, how- subsidiary companies. The oompany ever, the early losses were erased and sometime ago announced that it was futures closed unchanged to cent December corn finished the reorganizing its subsidiaries to make day at TS cents, which does not in them departments of the parent corn-clue the 5 cents tax.

Trading in pany instead of separate each and rye was quiet and final with its own officers. prices were only slightly lower, with Operate DivisLons as Departments, Chicag-o Stock Exchange has notified by Marshall Field Ss general reorganization of its Slary companies. The mmpany time ago announced that it was anizing its subsidiari es to make departments of the parent corn- instead of separate each its ow officers I Cite Comparative Decreases. 'Bonds of the Southern Pacific corn. pany have declined 4 per cent, but those of the Pennsylvania railroad have gone down only seven-tenths of one per cent.

Among the preferred stocks of utilities those of Pacific Gas and Electric have fallen off 9 per cent; Southern: California Edison, 8 per cent; Pacific Lighting, 10, and Los Angeles Gas and Electric, 12. In the same period preferred stock of Consolidated Gas of New York de. elined only 1 per cent; Columbia Gas, 5, and Public Service of New Jersey, 1. A Dow-Jones average shows Pacific coast stocks have declined 6 per cent, but thirty eastern industrials have gone off only 3 per cent. Flay Riley, state controler, estimates the proposed Sinclair tax program will cost a45 million dollars annually above the present cost of state government.

Washington, D. Oct. 3. Crio) The years since 1929 may have made inroads upon Illinois' wholesale busi- Young said his informer told him of ut the bureau of census an- ness, flounced that the off years have mu- er ltiings in Washington on the Wagner this beforEt the senate committee hear- plied the places ready for business. labor corTrol bill and he named the its report upon surveys made three mmbers as William Green, in Pecria, Springfield, Rockford, De- president of the American Federation catur, and East St.

Louis, the bureau of Labor Senator Robert F. -Wagner, said it found there were almost 20 per and Father Haas." cent more wholesale establishments. Chairon Walter P. Stacy of the rsa Between them, however, they were steel bo askd loung i emp oy 1 doing, especially in 1933, less than half had autThIsrity to negotiate contracts ax was the business they did in 1929. with tiled company under the repre- Greatest volume of net sales made by the 251 in senta plan.

Young replied he knew of no contracts but denied the more Places than in 1929, and the 251 a contrt would they be recognized eoi ia. which sold $53,795,000 worth nno 44r4 4014 401H 9 involved a company union." of goods. There were per cent Unless they have power to make tumble em 1 z-er imp Ch Ind 800 9 9 Imp Oil Can. 2.800 1514 1514 1514 144 establishments did 45.5 cent less by law as collective bargaining Imp Th 100 Co Pipe Line 100 4 4 412 12 business. Chairman Stacy asked.

I co Am 100 46 46 46 '-t The census of American business -I heteye they committees named inlit miniver, Poo 51, 51.4 512 'A Wa conducted by the bureau with by the workers are sufficiently Internat Pet. 1,500 30t 2912 30111 1 'Interet Equit 100 il, 11,, funds supplied by the Civil Works authorifled to talk for the men," said 1 TR.err Lake 300 4- administration. Every city, county. Young. tKruger Brew 500 6 6 6 and state has IWQn covered collecting Lake Shoe 1.900 BP 59 YOnnar Has Snappy Retort Lakes- 100 ri .11, data for 1933 it was salil, for com- I d-1 100 7'4 712 munities having a populatien uf 50,000 -I Ilenr, A.

Wiley another member 'e 1g Lib MeN 100 7 7 or more. of the 7oard, said: '200 W2 Dori you think that congress Maryhind Gas 100 1 1 IffS mas util 2a0 1 leei 1 now hat it doing when it put .7 3,000 14 31, 3.1 1 MID 7s '34-'46ep 29 29 29 2 DadenClitu is '51 26 26 '26 BuAirPr 7123 '47 '70 70 0 9 do 712s '47 stip. 61 61 61 4 do 7s '52 stp 58 5612 5612 512 2 CenBGer Bs '52 A 34 34 34 212j! 1 do Gs '51 40 40 40 112 3 tCenGPw Ss '34 39 39 39 2 CubTel 712s '41A 5712 57 57 2 2 CubTob Ss '44 36 36 36 TA4 2 DanCort Ss '55 90 90 90 1 EurEl 612s '65 9112 91U3 91 1 EurMir, 'is '67 49 49 49 5 5s '61 st 87 87 8 GerCMun Is '47 2712 27 2712 1,4 8 do 6s '47 251.4 24 25 2 Hamb El 512s '38 33 3212 3212 1 4 HanoverCy 7s '39 2512 2512 25 4 IsareoHE 73 '52. 7612 76 612 1, 8 Isottalfra 7s '42. 80 79 80 5 1 MaranBraz 7s '58 15 15 15 1 MendozaP 712s'51 4974 40 49 7 ParanaBra 7s '58 1312 151i 15'4 5 Prus.siaEl '54 27s 10 Russ 6s NC '19 21,4 2 12 7 do 5128 ctf 1921 2.12 1 SantiagoCh 7s '49 11 11 11 1(10 7s 11 11 1 Stinnes 4s '46 st 2912 29,12 12 TerniEl 612s '53.

74U. 74 .74 1 linind, 6s '41 37,74. 37 0Mcia11y listed on application by the corporation. Other securities are admitted to dealing as unlisted," on application of a regular member and approval by the listing COM mittoe and the board of governors. exFirst sale 'since dividend date or dates.

wwWith warrants. IEW Without warrants. GRIGSBY-GRUNOW LIQUIDATION TO COMMENCE TODAY TAX WARANTS NOMINAL QUOTATIONS. CITY OF CHICAGO. 1933 1vy.

1034 1ev3r. Liquidation of the Grigsby-Grunowr company, will begin today, according to an announcement made yes. terclay. Assets of the company will be Sold under order of the United State District court by Frank Atc Key, trustee in bankruptcy for the concern. The company distributed over three million radios, eighteen million tubes, and 189,000 refrigerators, and spent chore than $20.000,000 in popularizing the name Majestic as am lied co its products.

Several million dollars have been spent in engineering and research. work. Machinery consists of metal working 3nd wood woring machincs, tube, en. ameling, and plating plant. Inventories include made up parts, parts in process, and raw material for radios, refrigerators, and radio tubes.

Real estate consists of factory buildings with a floor area of approximately 950,000 square feet. NEW ALUMINUM PROCESS IS FOUND BY BOHN CONCERN P. 12 .1. oceb 412s 105'4 105 4. Nev Cal 5s56 7114 7012 70 Corporate 12- 112 En; 5s'5u 612' 5 5(3 Bonds and 100 Ask.

Did. Ask 100 109 11 do 5.4 '48 56 Firemen's 1001,4 100 7 Co 5s '47 5614 51s Public library 991210012100 15 512s '54 91 fit) co sanitarium 9814 9912 9812 9912 5 do 5s '48 581,,, w.c., BOARD OF EDUCATION. 1 On PS Os'49A 33 33 33 Educational 98 99 9912 1001- 3.do '35 411 4 40 Bond redemption ....100 100,,2 1 NY 514s'50 7912 7012 7912 9712 9812 5 tNY Evil SO 80 80 -1- 2 07 9812 99 3 NY 4128 10012 10012 COOK COUNTY. 9 Nir '67 891:3 sa s9 Corporate 9712. .99 99 100 1 NY 8312 s314 8312 Highways 99 2 Niag 1' 5s; 10914 10612 1-'4 SANITARY DISTRICT.

i 11N A 512s'56 48 48 48 Corporate 08 90 2 Nor 5s48A 25 2514 2512- 1,:, Bonds and interest 08 4 Nor I 'Os '52 9314 2 9312 9312 CITY OF CHICAGO. 41N I I' Os '66C 7314 1144 1931 levy. '1032 levy. 1 do 412.s '70 6912 6612- 1,4 Bid. Ask.

Bid. Ask. 1 Nor St 512.s'40 90 90 90 1 Corporate Called 99 10014 2 do 4148 '01 91 00 91 14 Bonds and interest Called I Called 1 Nor'w El tis '35 63 63 63 1 Puldic library Called 9912. 10012 3 Ogden Gas 5s'45. 9212 92 14 sanitarium Called 8 Ohio Ed 5s '60.

11112 9412 0174 -BOARD OF EDUCATION. 5 Ohio 41V-4s 1,4 Educational 94 96 99'4 100 4 Oh 96 96 99 1 Building 88 91 99 100 7 Okla Os '50. 03. 0314 0312- Playground 96 08 2 Okla 5s'48 4912 4912 4912- 12 COOK COUNTY 4 Oswego Fall 6s'41 6412 6412 9412- '12 Corporate Called 93 .9812 3 Pac Cst 59'40 91 91 Highways Called Called 10 41As'57E 005.4 4161 11441, SANITARY DISTIUCT. 15 tdo '615 Ptily.i.

964 9612- 3- Corporate Called 98 9912 30 do 5s '55 10012 100 100 12 Bonds and Called. 9812 30 do 51As '52 10210212- CHICAGO PARK DISTRCTS. 22 Pac 5s '55 49 48 49 1932 levy. 1933 levy. 18 Pen El 4s 11 I' 77 7612 Bid.

Ask: Bid. Ask. 6 Pen 0 Os '50 66 66 66 1 Lincoln park 09 98 99 6 do 512s '59 611,1 61 6114 South park 99 98 5 0 10112102 West park 9712 99 96 9712 2 Pen Pow 5s 105 105 0 Pen 110 110 12 LIVERPOOL COTTON. 5 do 41,128 68 105 105 8 LAC 4s'81B 74 73 74 1 LIVERPOOL, Oct. lido Its '57 8812 8812 8812- 24,000 bales, including 1,000 American.

Spot 2 Phil 51As'72 108,4 108 1089I in good demand, but business was moderate 6 Phil 6s '62. 67 156 643 27.1 with prices one point lower. American strict 4 Pied El 614.5'00A 1 71 71 3 good middling, 7.50d; good middling. 7.20d; 6 Pied Ry 5s'54A mu 8612 8612 strict middling, 7.05d; middling. 6.90d: 4 Pitts Steel ifs'48.

89 89 89 strict low middling, 6.75d: low middling, 5 Portland GC5s'40 75 75 75 1 0.55d: strict good ordinary. 6.35d: good or3 PwCNY 6125 '42A 92 91 91- 6.05d. Futures closed steady. Oeto1PbSNI11 412s '78D 74 74 74 1 ber. 6.66d: December, 6.61d: January, 6.59d: 1 (10 5s '541 S5 85 55 1 Mareb.

0.57d: May, 6.54d: 0.521. The report to the stock exchange losing Cent- and rye slip- Ong back I's cent. stated that the Silk Textfle corpor- 4 Watch Canadian Pool. ation, a New Jersey corporation, was I The sudden reversal in the Winni- dissolved in December, 1923, and its peg market, which has shown sus- assets, which consisted off land and tamed strength recently in the face buildings, were sold just prior to the of declining world prices, was inter- preted by grain men here as indicat dissolution of the corponation. jug that the Canadian stabilization It stated that fifteen other sub- pool is nearing the end of its rope.

sidiary corporations ceased. operations The pool has accumulated between on May 31, 1934 and assets and liabill- 950 and 960 million bushels of wheat ties were transferred to Marshall Field an Illinois, corporation, and it is not believed that it will be which will continue top conduct the allowed to continue operations on its past scale. Tho threat of the govern- business formerly done by the subment to take over the entire market- sidiaries ing machinery in Canada because of The fifteen are: Cara lina Cotton and the alleged short selling by foreigners Woolen Mills company, Davis corn- was regarded as Preparation for all- PanY, Marshall Field Mills corporation bling the pool's stabilization failure. Illinois, Marshall Field Mills corSome hedging in Winnipeg against Poration Pennsylvania. the Australian crop is believed prob- Also Stanford Wil'aiams company, able, but not in important volume.

Thread Mills compzeay, United Gar- The Argentine government is handling ment Manufacturing company, Mar- that country's wheat and is not hedg- shall Field Co. Delaware, Rau lag in the Canadian market. Star Dry Goods. company, Arnold Canadian Pool Faces Crisis. Dry Goods companaa King Dry Goods company, Phelps Store company, The Canadian government's stabili- Schaller and the South Dakota Dry zation attempts, which are reminiscent Goods company.

of the United States farm board's The report also revealed that Mar-operations, are now facing a crisis shall Field Co. California, trans-largely because of the decline in the ferred its assets 'and liabilities to the prices of Argentine wheat. Prices in parent company and that the name 1Vinnipeg ere now far out of line of the subsidiary known as the Xeres-with the Liverpool world market and tan Rug Mills, was changed on as a result the foreign demand for June 1, 1934 to Woven Fabrics corCanadian wheat has slowed up. poration. A rgentina, meanwhile, has been selling her old wheat abroad.

These BUSINESS SLUMP two countries are the principal exporting nations, and while Canada has FORCES 114EPGEP t. heen holding up her prices, Argentina has apparently stolen a march on her OF BROKER FPMS by disposing of large quantities of wheat in the markets of Europe. Merger ot the brokerage firms of Livingston and Co. and Abbott, ProcO IC REFUNDING tor anti Paine, effective, November 1, was announced last night. The con-ISSUE OF BANGOR solidation 5s taking place because of the reduceid volume of business on the ItO 0 TO CIC LINE stock exchange according to officials of the filaTIS Chicago Tribune Press Service.

New York, Oct. 2Stockholders of All present partners of Abbott, Proc- the Bangor Aroostook railroad au- tor and will join the consolidated thorized yesterday the Issuance of firm as partners. The following part. bonds under the consolidated refund- ners of Livingston and Company will Peg mortgag e. to provide for the re- be partners in the consolidated organ-funding of divisional mortgage bonds Gerald W.

Livingston, Walter Issued or assumed by the company, W. Price, William S. Gilbert, John D. aecording to information received here Finnerty, John L. Clark, Martin C.

airier the meeting held in Bangor, Me. Lee, H. Troy and Ross H. Walk-The new bonds limited to $5,000,000, erwill be convertible into common stock Brokerage facilities now offered the at $52.50 a share. publdc are far in excess of the demand, It is understood the company in- Mr.

Price stated, adding that adjust-tends to put out immediately only mefat of the machinery to the volume about $2,000,000 of the bonds, which of the business available appeared to will be used to retire the $2,011,000 be 'wise course. outstanding 5 per cent first mortgage issue of the Northern Maine Seaport RFC INTEREST Railroad company, maturing on April 1, 1935. CUT FAILS TO AID Other divisional bonds planned to be dunded later include the $866,000 STOCKS OF BANKS first mortgage 5 per cent of the Medford 'orlxtension, the $1,188,000 first Dank stocks to respond yesmoreaage bonds of the St. John River terday to the reduction in interest Extension and the outstanding rates on preferred stock and capital 000 first mortgage 5 per cent bonds of notes purchased by the Reconstruction the Washburn Extension. Finance corporation.

The cuts, put into effect by the RFC in a new move SEE ELIMINATION to stimulate loans to industry, will result in substantial savings to banks OF LUMBER CODE affected. Closing prices yesterday on some isfilliVM UM PRICES Chicago bank stocks in which the RFC own preferred stocks, compared with Xlia.shington, Oct. the close Monday, follow: American lion of minimum price fixing pro- National, 110, unchanged; Continental vesiens of the lumber code was pre- Illinois, 35 bid, 36 asked, unchanged; tuctea by lumbermen here today on First National, 80 bid, 82 asked, corn-the eve of a meeting of of pared with 79 bid and 82 asked. the industry in Chicago. While, code In New York, Chase National closed officials refused to discuss the problem at 2112 bid, 2234 asked, against 21 bid, of prices, a source of consiaerable 22 asked; National City, 1912 bid, 21 trouble during the past few months, asked, comPared with 1912 bid, 20 it was predicted minimum costa protec- asked.

tion prices of the code would, be one of the chief subjects discusserl at the J. P. Warburg to Address Chicago meeting which operas tomor- row. Foreign Relations Council Official announcement of the gather- James P. Warburg, vice chairman ing said it was for the purpose of co- of the Bank of the Manhattan corn ordinating various divisions of the pany and author of The Money Mud.

authority, but there was a general die and It's Up to Us," will speak opinion among some men-Goers of the on America Has Not Yet Chosen industry that it was probable the mini- at the Union League club tomorrovi mum price provisions wcinld be elimi- noon. He will appear under the spon. nated. ea-at, te, report to the stock exchnge a 1 that the Silk Textfle corpor- a New Jersey corporation, was red in December, 1923, and its which consisted off land and ings, were sold just prior to the tution of the corponation. stated that fifteen other sub- 7Y corporations ceasefd operations ay 31, 1934 and and liabill- were transferred to 'Marshall an Illinois, corporation, will continue top conduct the isiness formerly done by the sub- diaries.

The fifteen are: Caralina Cotton and rn- oolen Mills company, Davis co tny, Marshall Field corporation Illinois, Marshall Field Mills cos. nation Pennsylvania. Also Stanford Wntliams company, aread Mills compasay, United Gar- ent Manufacturing company, Mar- all Field Co. Delaware, Rau Star Dry Goods. company, Arnold ry Goods company', King Dry Goods Phelps Store company, haller's and the South Dakota Dry cods company.

The report also revealed that Mar- iall Field Co. California, trans- rred its assets 'and liabilities to the arent company and that the name the subsidiary known as the Karas- IT' Rug Mills, was changed on une 1, 1934 to Woven Fabrics cor- sration. SLUMP 7ORCES IVERGEP A t. 17 BROKER FIRMS 1Nlerger ot the brokerage firms of ivingston and Co. and Abbott, Proc- is and Paine, effective, November 1, announced last night.

Th con- as silidation 5s taking place because of le reduced volume of business on the exchange according to officials the filaTIS. All present partners of Abbott, Proc- a' and will join the consolidated rm as partners. The following part. ers of Livingston and Company will partners in the consolidated organ- ation; Gerald W. Livingston, Walter i Price, William S.

Gilbert, John D. 'innertv, John L. Clark, Martin C. see, H. Troy and Ross H.

Walk- Brokerage facilities now offered the are far in excess of the demand, Ir. Price stated, adding that adjust- aesst of the machinery to the volume the business available appeared to wise course. PFC INTEREST 'UT FAILS TO AID 5TOCKS OF BANKS Dank stocks failed to respond yes- to the reduction in interest ates on preferred stock and capital iotee purchased by the Reconstruction Finance corporation. The cuts, put nto effect by the RFC in a new move stimulate loans to industry, will re- 5ult in substantial savings to banks tffected. Closing prices yesterday on some nhicago ban stocks in which the RFC )wn preferred stocks, compared with the close Monday, follow: American National, 110, unchanged; Continental Illinois, 35 bid, 36 asked, unchanged; First National, 80 bid, 82 asked, corn- pared with 79 bid and 8'2 asked.

In New York, Chase National closed at 2114. bid, 22 asked, against 21 bid, 22 asked; National City, 1912 bid, 21 asked, comPared with 1912 bid, 20 asked. J. P. Warburg to Address Foreign Relations Counc il James P.

Warburg, vice chairman of the Bank of the Manhattan pany and author of The Money die and It's Up to Us," will speak on America Has Not Yet Chosen at the Union League club tomorrow noon. He will appear under the of Chicago Council Development of a Process for manu. facturing aluminum from alunite or with potash as a by-product was announced yesterday by the Bohn Aluminum and Brass corporation. This development will provide a source of potash independent of foreign countries. Potash now comes from Ger.

many and South America. The Bohn process is the result of five years of research and is claimed to provide a higher degree of purity in the metal and at a lower cost. The project involves an investment between $10,000,000 and $15,000,000, it was stated. It is planned to set up a separate company financed by a bond issue and with all common stock owned by the Bohn Aluminum and Dfass company. tMavis ButtA the vvnds bargaining 200 504 5si1 Li 9 37., PPSTEIN OFFERS assency f' in its legislation?" tMeniph loo essi 2N Mid PB vie 200 'il ntii With a wry smile, Young replied: PLAN TO SPEED slosk Voeh 100 10 10 10- 112 I ar.1 a Republican.

Surely you tmlyhtlen vtc. SOO 51,., 5n2 5 don't want me to tell you what I Mntg Ward A 120 11714 117 11714- 14 7.klunt Pvt. 400 414, 412- INDUSTRY LOANS thougnl: of that last congress." tNat Bell 500 2 2Y2- 3,4 Max Epstein, chairman of the ad- Whilie not threatening to fight an Nat Fuel 100 1414. 1414 1414- election if one is ordered, Attorney tNat Inv Md 25 42 42 42 visory board on loans to industry for Desverstine said the company is con- sPetvinicle" 5,7. 46,, 50 the seventh Federal Reserve district, strairavi to deny the jurisdiction, Nat Sug Ref 100 3112 3112 12 yesterday explained to his colleagues power and authority of this board," Natomas Co 200 812 812 the details of a plan which he pre- and fitrther: Zinc 100 Ed 51 51 4- 1 i 200 4o 40 44-1 1 sented at a meeting in Washington oHcswever whilst the company an- ita.

1.1ro'iwl leo 411 414 1.., last week through which it is hoped not coinsent to join issue before the Na B. 100 3 3 3 1'4 to stimulate the making of small loans board with unnamed parties with lEtins'el .1 51 21 111; 217'414 to industry and business. The meet- whom it has no controversy, it is will- tN0 Europ O. '200 12 12 ing was attended by Secretary of the log, with the full reservation of its tN 100 314 314, Treasury Morgenthau, member of the constitutional and legal rights, in- ttaL7E5als'2Ieronfil 1'11 Federal Reserve board and eintirmaa formaEly to meet with the board and tPac 'spec. 25 22 22 22 1 of the advisory committees of the aid it.

in any way within its power Park Davis 900 2712 2612 26124- ls, federal reserve districts. in establishing the facts." Park Rust-P 100 46112 461., 4ta2 112 Pennroad 400 17.4i 1 178 "The present machinery for making In 'effect, the statement by repre- Pepperell 10 851.i, 85'-1. small loans under the reserve, board's sentalftves of the employe group set Phil mos C. 2.000 13 1312 13 12 tPhoenix See. 600 -14 -4-- 3 1 program is not entirely satisfactory out the same points.

1-Pioneer Gold 300 11 1114 11 12- 'A and I believe that my plan will cor- Pitts P1 CI 50 42 42 42 1 rect the defects," said Mr. Epstein, Company Answers -Union. Premier Gld. 100 114 114 11,1 who is chairman of the board of the General American Transportation cor- The, Amalgamated contention that Prod Roy ritI2 BA Bin- company unions do not give the men Pug 5 pfd 20 17 17 17 12 he Cull right of collective bargain- poration. It was well received and tPruden Inv 2 0 Pure rid 10 39 39 39 1 0 I believe that it will be approved." ing sstas denied both by the company's Railroad Sh 200 -8, 14 14.

attorney and counsel for the employe tRoosevelt I'd 100 112 112 ,112 12 Mr. Epstein is now going over ap- tRoot Bel pf 100 5 5 a 12 nlications from industries and business Se Regis Pap. '200 214 212 '212 In its petition for an election the '2012 20 20 1 hoped to create greater industrial ac- for capital loans through which it is Do (1 44a 12 It 12 raised nine reasons for it, chfef of which were attacks on the Segal Lock 300 32 1224 tivity and employment. The banks tSclect Indus. 100 114 114, 1142- 1,74 merins Of the company union; that the tShen generally have been cool toward the and() pi.

104 1637 161,4 t2 Amalsamated has more than 50 per efforts of the reserve board to assist 10 195 195 1n5 1 cent of the employes; that there is a 212- VI in the extension of such loans, saying tSolotone spizit of unrest in this plant which Am .8: Pl. 800 3 100 212 ,1. 312 3 that with coffers choked NV1th an election will allay." Penn 1 i 01... 100 2' money which they would be glad to Cal Ed A 100 1812 181.4 18- 12 put to work but cannot find safe loan The company answered in a six Spies, pfd 50 82 8212 82- lys prospects. point reply, which set out that there St Oil 100 1514 1514 1512 14 is rio dispute between the company ti Ss ut ann 1 riSvi el -slt d.

31 (0) (0) 312-2: 2, IVARNS S. A n4UST and its employes; that the company tDo pfd 600 41 40. has snot refused to meet and collective- tSunray 1.100 112 1 1 shine Mug- 800 912 8 912 12 PAY ITS DEBT ly bargain with any of its Litit 700 18, 1814, 18111 IS It also questioned the Amalgamat- Swift lot 600 3812 38 3812 BALANCE BUDGET ed's petition because no individuals Tastyeast A 2,5,12: 2, 12- 512 125 sIc BALANCE appear as petitioners and cited the 1,3 Vrech Hugh 500 4 1,2 4 Debts must be paid, the federal adoption of an employe representa- Technicolor J00 Inl12 12, 2112 tTexon Oil 200 512 514. 514- 14. budget balanced and the country Must tion.

plan by more than 87 per cent Todd Ship 10000 '21? 21 211.... get back to a basis of thrift if real Of said freely and volun- 200 11,41 prosperity is to return to the United taray." Tubize Chat 400 51 512 512 States, Guy E. Reed, vice president Ask for Written Brief. ttrnit Dry Dk 200 Unit Founders 1,500 Pc of the Harris Trust and Savings bank, Esddence in the case was closed and United Gas 100 212 214 214 told members of the Grain Market 1 14 Do war 600 1 1 attorneys for the three parties inter- T'lli 300 301, 30 3014 1 Analysis club at a meeting last night ested, the Amalgamated, employes Do Pf ev pf 300 8 7 778- in the Board of Trade grill. representation group and the corn- Un Molass Ltd 100 512 518 512 12 "It is essential that relief rolls be pairy, were instructed to file briefs in- tUn Prof Sh.

3ro 14.,, 15. 134 reduced and that people be impressed stead of arguing them orally. A de- with the idea that work and savings, ciskan will be returned tilt ENIcrdePow 3400 4-12 4124-1- 32 Utah Apex 100 1 1 not federal doles, form the foundation Chairman Stacy remarked, just be- tutility Eouit 100 1 1, 1. Utii 100 iit ii 12 for success," he assented. fore adjournment that the two sides He said if there is no inflation busi- Pet 1,000 r'ts I': might not be as far apart as you tWenden Cop 100 Vi.

14. VA 't ness confidence will be restored and nit Wright Ears. 4,400 912 WA. 912 Is tYukon Gold. 300 12 I.A2 12 In a profit basis again will be regained IIe said this in reference to a state- which will carry commodity prices DOMESTIC BONDS.

ment by Counsel Desverine that the Net higher. If further inflation is resorted company has not refused to deal with No' thous. to people will get rid of their money the Amalgamated representatives. He 1 Ala Pow High. 8t81 w.

cl8olse. ch. by placing it in commodities, which 70 69 69rilr- 112 asked William J. S'pang, Amalgamated 3 do 53 '68 will in turn increase business activity, lodge president, if he would be satis- 7 do 4s '67 6614 66 66 he believes. Reed lauded efforts of 6 AluummInnInd 5ss')48 BO 9014 9012 pany would give the administration in securing recipro- fed without the election union contract 5 Al Co 5 103 103 M.

3 Am Cmw1P6s'40 2 2 cal tarif treaties with foreign nations. gaon if the com- 1 do 5s '53 2 to cover its members. 1 Am es'57A 13, 13, 13- I No, sir," Spang replied. We want 5 Am 5s2028 883k 88 88 14 NORTH WESTERN majority rule. Unless we get what we 2 Am 6s'39 2 912 2912- 3 do 5s '53 A 26 -1- 'want we have but one weapon left-- AND NEW A HVEN IA the strike." 41 Am 49 48 4912 IA 1 Am Red 1031210312 6 Am RollM 5s '48 88 8712 8'712- IA LOANS APPROVED Start Wierton Steel Case.

10 AppalE1Pw 5s'56 09 9812 09 1 Appal Pw 106 106 Wilmington, Oct. 4 Ark 55 '56 67 67 67 lA Washington, D. C-, Oct. Charges that the Wierton Steel corn- 2 As Elec 4I2s'53 35, 35 35 ln interstate commerce commission today -gamy effected its employ representa- 4 As 19 19 19- announced approval of loans by the Von plan by coercive methods were 17 do 6s '50 14 do '68 1812 1812 1812 18 18 18 Reconstruction Finance corporation of testified to in Federal District court 10 do 4V2s '49 17 1612 17 1,. $6,000,000 to the New York, New Haven today as the government opened its 2 As Rayon 5s'50 6812 6812 6812 1 As TeiCt 5125'41 13, 13 13314- 1.

and Hartford railroad and $7,357,000 to ease to enjoin the company from in- 2 do 6s '33 17 17 17 the Chicago and North Western rail- 1terfering with the election of repre- 9 As 512s'55A 51 50 5014 1., way- by its in collec- 1 BaldLoe 6s'38xw 92 9212 5 Bell TC 5s'55A-109s3 109 10912 corn- The commission also approved ex- -tive bargaining. 1 do 59 '57 11 11112 11112 11112 Mud-tension for two years of the maturity A primary and a general election 1C4 f7it14. 63 75 dates of $12,029,350 already owed to were held at the Wierton plants last Can 102 l02- the RFC by the North Western. -year when representatives of the em- 3 Can or Z.s'53 961,42 9612 9612- I 5 The New Haven loan is to be used ploys were elected to deal with the 10894 140 1 spoil- to help meet obligations during Oc- company under the so-called company Ced 11'2 11212 sorship on Foreign tober, November, and December. The union plan.

The case is expected to 6 Cu 821 82, 82- 3 3 flt 2 Relations, and discuss the need for a loan to the North Western was con- il test the strength of the New Dear 4 3 Cen 1,11 PS5s'68G 6812 6814 6814 1 ldo 12s '81 6214 6214. 6212 definite American foreign policy. ditional upon the road paying, extend- guarantee to labor under the NIRA. 6 do 4125 '67 F. 62 62 6234- 1, ing, or refinancing for two years Government attorneys questioned E.

3 Cen Ide 5s '55 99'YL 9914 9912 Wholesale Commodity 000,000 which it owes to Kuhn, Loeb i T. Weir, chairman of the board of the Cen 5 6414 64 64 3 Cen Oh 67 6714 1 9 1 Co. of New York. Index Highest Since 1930 Weirton Steel company, with a view 11 CenSE 512s'54xw 332 to establishing that tbe defendant is 5 do 53 '48 3 3 Reaching the highest point since E. G.

Barker Elected Curb engaged in interstate commerce. The 1 do 5128 '53 4614 4614 4614 1 15 Chi DistE 412e'70 891k 89 89 Sept. 1, 1930, Dun's index of wholesale Exchange Governor Here, company has contended that its rela- 2 Chi PnTo 512s'42 7112 70 70 1 commodity prices reached $170.032 on tionship with its employes is not of an 13 Cities ser 55 '50 4112 4112 4112- 1 11 CitS Gas 512s'42 62. 62 62 Oct. 1.

The increase during Septem- Emmett G. Barker, partner in James interstate nature and therefore any 1 Cit SG Pipe os'43 80 80 80 her amounted to 84.4 cents, ex 0.50 per E. Bennet has been elected a I laws enacted by Congress 7 CitS Pw 512s'52 40v 39 49,3 cent, contrasted with a of 0.76 governor of the Curb ex that relationship would be 6 i.iconstitu- 1 gemv 1 11.00663i 10060 ii; 1 per cent during August. change to' fill a vacancy. tionat I 1 do Bs '54 106 106 106 DOMESTIC BONDS.

No. Net thous. High. Low. Close.

ehge. 1 Ala Pow 55 '51 81 81 81 3 do 5s '68 70 69 601Ar 1 7 do 412s '67 6612 66 66 5 AluminCo 5s'52 10312 103 103 1A, 6 AluminLtd 5s48 90 904 9012 3 Am CmwIP6s'40 12 1 do 5s '713 2 2 2 1 Am es'57A 133k 1311 13 5 Am 5s2028 883k 88 88 112 2 Am 6s'39 2912 2912 2912 12 3 do 5s '53 2 6 25, 26 14 41 Am 11821.6s2016 49 48, 4912 1,42 1 Am Rad 412s'47 103 103 103 6 Am RollINI 5s '48 88 8712 8712 12 10 AppalE1Pw 5s'56 09 9812 09 14 1 Appal Pw 5s'41 .106 10(i 106 4 Ark 5s '56 67 67 67 2 As Elee 412s'53 3514, 35 35 14 4 As 1934 19 1914 17 do 6s '50 1812 1812 1812 14 do '68 18 18 1834 10 do 4V2s '49 C. 17 16 17 114 2 As Rayon 5s'5o 6812 6812 6812 1 As TelUt 6125'41 13, 13 13314 14 2 do 6s '33 17 17 17 9 As 512s'55A Ea 50 5014 12 1 BaldLoe 6s'383Ew 92 5 Bell TO 109 109 14 1 do 59 '57 11112 1111211112 10 BirmEl 412s '68 6412. 63 63 8 Broad RvP 58'54 75 74 75 5 Can NRE7s'35E-102 102 102 3 Can or 3s'53 061,42 9612 96 2 Can Pae 6s 109 109 1 1 tCap Ad 5s'53 A 84 84 84 1 3 CedrR, 112 11212 6 Cu 82. 82, 8214 3 Cen Ill 11S5s'68G 6812 6812 681,4 1 do 412s '81 6212 62 62 6 do 412s '67 6212 62 6.234 3 Cen Ivle 6s '55 9934 0912 99 3 Cen Oh 6712 6712 6712 9 Cen 5s 5412 54 5412 11 CenSE 512s'54xw 3312 32114.

32. 5 do 5s '48 33 33 33 1 do 512s '53 4612 46 4614 15 Chi DistE 412E3'70 8912 89 89 2 Chi PnTo 512s'42 7112 70 70 1 13 Cities Ser 55 '50 41 4112 4112 11 CitS Gas 512s'42 62. 62 62 4... 1 Cit SG Pipe Os'43 80 80 80 CitS Pw 512s'52 40 39 40 1 Clev EDI 5s 106 10614 6 Com' 6s '53 A 106 106 106 1 do '54 106 106 106 would cent, contrasted with a gal of 0.76 1 governor of the Chicago Curb ex, I that relationship be iSkconstitu- 1 Liev OS '60 tit) per cent during August. change to' fill a vacancy.

tionat A.1100661,4 110066 PINO. Lt. --1 El- 1 1- ,1: ,::71, T. il 'It rkli -k rg e4 1 EL! LI 11 4c3 eir--P-Afith ekka, of GRIGSEIY-GRUNOW Inc. MAKERS OF cf(c1feJtfCRADOSv TUBES, REFRIGERATORS By Order of the United States District Court URSUANT to an order of the United States The Trustee is authorized to sell at public or District Court, the Trustee in Bankruptcy of private sale, and is now prepared to receive offers the Grigsby-Grunow Company.

off for any part or parcels of the assets, which offer ers if satisfactory will be approved. for sale all of the machinery, equipment, in- ventory, good will, patents, trade marks and trade Full opportunity will be given to prospective buyers to inspect the assets. Competent sales-, names of the Grigsby-Grunow Company, as en 'will be in attendance at the plant, 5801 well as real estate and buildings used in the menu- Dickens Avenue, Chicago, Illinois, at all times and facture of MAJESTIC radios, tubes and refrig- an early investigation of the property is solicited. erators. REFRIGERATION SERVICE DEPARTMENT The machinery consists of the very finest The Trustee, under order of the Court, has set up a makes of all types of metal working and wood Refrigeration Service Department, to maintain working machinery, also a completely equipped service and to sell service parts for refrigerators.

tube plant, enameling plant and plating plant, This will maintain the name and prestige of "Ma. all of which are in immediate operating con- jestic" before the public and be an asset of major dition. importance to anyone buying the "good will" of the company. SERVICE rAirs FOR RADIOS There is on hand a considerable quantity of service parts for radios which are staple merchandise and are being sold to the users of the millions of Ma- jestic radios now in service. 14 14 12 12 1A.

34 112 14 The inventory consists of made-up parts, parts in process and raw materials for radios, refrigerators and radio tubes. The Service Department on all three items has been kept intact. The good will consists of the name "MAJESTIC" as applied to radios, refrigerators and tubes, which name has been extensively advertised throughout the world, and which name is secured by copyrights in practically every country in the world. Good will also includes many other names, trade names, patents and copyrights. The real estate consists of factory buildings which have a floor area of approximately 950,000 square feet, and are suitable for almost any type of manufacturing.

The inventory consists of made-up parts, parts in process and raw materials for radios, refrigerators and radio tubes. The Service Department on all three items has been kept intact. 1 .4., "TA Lodi I 4 1 A COMPLETE CATALOG listing the assets to be sold, has been prepared and will be available to any prospective buyer on request to Mr. Frank M. Mc Key, Trustee in Bank.

ruptcy, Grig sby-G runow Company, 5801 Dickens Avenue, Chicago, Illinois. W. F. Hall Printing Makes Changes in Official Skil Frank IL Warren bias been elected chairman of the execiutive committee of the W. F.

Hall Printing company and Hadar Ortman has been elected to succeed Mr. Warren as president, It was Mr. Ortman was formerly -director of operatiois and of: the Meredith Pub-Hsi 41g company, Des Moines, Ia. ana 'C! or tne merealtn Pub- 1.1s141g company. pee Moines, Ia.

1 I 1 I 1 4'4.

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