Arizona Republic from Phoenix, Arizona • Page 65

Arizona Republic, Phoenix, SundaxMorniiif, September, 1935 (Section Two) STOCK MARKET SWINGS BACK TO-EVEN KEEL AS-OfTMSMMRll League Plan Rejection Is Held Reason 7 ew Yotk Stock Exch Following dnlnc I m. Eutera XI aw'raclTH Fltll TORK, Sept. stock market swung-back to a- Relatively even keel in the short trading session today. There was a little buying in the jail shares and a. few specialties, while other classifications were narrowly frresrular.

yews that the Italian cabinet had rejected the League of pro-' posals in regard to the Ethiopian dispute appeared to the mar-i jict unmoved. It was thought in some quarters that peace prospects appeared to a ve been aided by the fact that uiother meeting of the. Italian cob- jnct was scheduled lor Tuesday, thus leaving a loophole lor. further negotiations. The Associated Press average of stocks finished without change at The 30 industrials were level, while a small improvement in the 15 rails was offset by a minor shadinp in the utility group.

Dealings proceeded at a gentler jce. on nn hourly ba-sig, than in tie tn-o previous sessions when the market was under pressure. In the Ftock exchange. 673,500 shares chanped lianrts. In thf hnnrl market, foreign 1s- tnes iho spotlight.

Italian 7s back charply to pain 3 points but French 7s were off more than two points at 174. British j.jnps, o.i!--y at one time, finished only sliRlitiy lower. TJ. S. government nhhcntions wore generally little r.i.

ier. Corporate classifications were narrow, itthoiirh tlicre was a little selling of secondary rail liens. stimulus, other than the gisturlifd international political eutlook. W.IK generally lacking for ilther tli'- imlJ or bear factions in the securities markets. It was noted.

er. that- reports indicated pnod trade and in- rjustripl cnn'litions, except for tbe naturally retarding effect of the nr- in Hie motor field be- of iivlel change-overs. 2n exchange market, displayed a more Puch changes as oc- leraily were slightly ilnllnr. except for the which declined a rtainty over the forth- p.iriiaiurntary vote on the economy program. were featured by a ft tone.

Wheat futures at Chirac" loft. of a cent to rents a luifliel and cotton in New York was clown 30 to 55 cents a hale. held irregular, off rent to up of cent. Snmp the shares ahle to ad- fractions 1o around a point included Great. Northern preferred it 25.

American Smelting at fanta Ke ol General Motors at 14. New York Central at eiectnr antolite at 29U and Chrysler at 4 others which declined by as much were U. S. Smelting Allied Chemical at Case at American Telephone What Storks Dill Saturday Friday 264 377 301 637 H9 cxtnij-b. Uelnfior cxtnii naH Int rear: parable In ttaOa-f, far tkli k.

or (tuck. 'In total net'efaann col- adtanrci decnaH: XD, EX. bnt Mlc date: XK, ex-rivbts. whea to be tlven In hundred! will be detlmted br decimal, thai 180 will appear 1.60. Other total 1 gnotatlon.

in handndc thai, latlcatM 600. ang BeptjBlis hwsei 4 5 JndlB. un( n. huh I null in II I1 BallB 15.8 "7 fi u.r, 15 Utll. 4.1 9 60 Stock! unch.

48.4 4fi.4 59.3 411.6 24.2 B.7 13.9 3S3.8 1S4.J fn.9 ni.s ol.4 34.9 9 357.7 61.S Ir-u IT.i huh Ion- M.6 Standard Sialintlra H926 Avrroce 1PM "0 20 90 ImllB. 17111. Stnckn 1H7 H7.9 S9.S S9.S llHi.K "f.9 ill.I 74.f S3.5 llnrlh nsn 1H7.8 3S.4 77.2 91.7 h-ih 40.1 81.1 low 7K.6 :s.6 38.s Tiviav Inrtle. S9.4 SH.3 MI.4 S3. 6 RlillB 79.6 79.9 M.H Sd.l i.fi.4 71.

Util. ini.t Iftl.s li-1 6 C.4.D 60 90.6 83.0 Ftandnrd Seen Big Problem (Continued From Page One) has ri-liited to enjoin its cn- orcemcnl on tjie ground that it Is r.nt yet in full operation. This find- inc. hnwever. is largely in the nature of postponement.

The merits of the art still am to ho argued. Whatever the. upshot of all the liisninsHin, it may be depended on it i.o the unemployment question which is agitating Washington utinve all ntliers. Some squnbhling ever the immediate spending pro- Ham enntmues, hut on the whole, that prr-pram Is moving; the longer- term of what to do next has first place in official thought. Not inn! there are no other to think about.

The troubles of AAA continue particularly chal- Imcing. upwards of a dozen agencies created by the recent Hichuion are having their share of Difficulties, and a cross-fire of political discussion sounds a rousing Prelude to 1936. The AAA, especially, sot Into the week's news promi- ncntly with the discovery there are nc funds to enforce the new potato Critics of this latest step and they are the announcement as dencmg an administration desire find an easy way out. The tense situation In Europe likewise is receiving far mofe lu' attention than surface developments indicate. This problem, an the United States is appears not to changed sreuiy during the week.

The government remains a and expects to continue 'n that role whatever happens, but by-standing Is flavored with "inch fervent hope that there will no war. Metal Market, YORK, Sept. Copper quiet: electrolytic and future, export, Tin barely steady; nearby 49.12: future. 48.60. "for, quiet; No.

2 fob Eaitern 19.50; Buffalo. 18.50: Alabama, 14.50. Lead ot New York, 4.50^•55: East St. Louia. 4.35.

Zinc East St. Louis apot and 4.75; Aluminum. 1S.OO- Antimony, 13.75. Wjlframite, 8 it a 16-' 2- 10 5 a 9 3 6 11 i 28. 40 36 7 3d 117 1 1 4 8 Ifl 8 15 1 12 -4 37 1 2 12 3 i 6 10 46 94 13 4 30 15 1 5 3 3 1 1 3 17 5 E8 3 3 2(1 253 21 11 1 IS 15 5 4 4 3 39 4 10 IF.

1 5 13 NetCbanee Hlrt "li Adams Eip JH Slillls 31 Air Reduc (SHb) A. Alaska June C1.05U) 15H Al Chem i Djre Allied Stores Mfe Amerada Am As Ch'Del (ISs) 50 Ara Bank. Note 29 Am Car Fdy 50V Am Coml Alco 15 Am Crystal'Sue 15 Am For Pow Am Home Prod (2.iO) 31 Am Ic SH Am Interaat Am Loco 16U. Am Mach 1 Fdy C.SO) 26 low 32 KSS lose 32 A A A 50 2S 139 31 15H 5S'4 50 A A A A A A A A A A A A A A Metal JJH Am Powe Lltht Am Rad St 16H Am Boll Mill 25 Am Smelt i Am Stl 1" Am Stra (JHb) Am Tel Tel (J) 13SH Am Tob Am Tob (5) 100H Am Wt div) Am Woolen Am Woolen pf. Annconda A ft Armour Del pf (7) Arm III Arm 111 pr pf AsKd Dry Goods Atrh t- All Ot Line Atl nelin (1) Atlas Pow C) Auburn Auto 2SH 46 16 36 136 104 60 13H 2114 42 34 16 A Vi Bajt 4 Ohio Bsmsdall 1 Beatrice Cr Cifl Beldlne-Hem (Is) 13H Bendlx Avlat Best t' Co (2) Bthlhem Etl pi attic) 39 Blaw Knox Bohn Alum (S) Borden (1.60) Warner Brideeport Brass (.10) 14 T4 BrlrES JIfs- (2 45 Brkll-n Man (3) 43 Hi Bucyrus Erie 5 Bucy-L crt pt 11H Budd Mfs 5H Budd Wheel SH Burr Ad Mach (.60) IJjii Byers Co IV Calif Pack (IH) Calumet Hec Sti Canad Ale (.40) 9 Canad Pac Case 1 Caterpll Tract 50H Celanese 27 a i Cerr de Pas (Is) 58'j Certain-teed 5 '4 Ches Ohio (2.80) 45H Chi i Chi 1H rhi St Pf 2 Ohl Rk Is 3'4 'IHb) Colcale Palm (H) IS Coll A Ik SI Col Fuel Iron Colum fc El 11 Colum Pict vtr (la) 65 Colum Carb (41 SS Coml Credit Cnml Invert Tr (S.JOb) 64H Coml Solvent IS Commwlth fc Sou IS ConEolcum-Na (1.60) 34 Con 26U Con Oil Con Ten Container A Container 4S Cont Bak Con Can C.4H) S4H Cont Ins (1.20) S7H Cont Mot I 1 Cont Oil Del (Hf) Corn Prod (3) 61H Coty Cream of Wh Crosley Had (Ug) Crown Cork (1) Crown Zeller 4 Crucible Steel Cuban-Am Sui Curtis Pub 1 Curlift Wr J'f Curttss Wr A 15 20 4RU 98 49'i 14'i 43 5S 11H 19ii 16H SH 9S 76H BO 58 5 4H 6SH 18 so'i 2'i US.

64 SS 64 34 'i 25 7'i 13 4'i 1H El 87 1H 19 4Vj 32'i 4'i 54H 17H 7'i. 31 16 26 22V 47H 17 136 98V4 100H 15 S1H 20H 104ii 49U 22 99 24 50 44u 43 9H- SOU' IU 18 11U 88 64 8 84 2S Co rieere Co pf (1.40) Pel fc Hud Pel Lack Dome Mines (4h) Douelas Alrc A A A A A Du Pt de Nem (3.fob) 12S.U Ealtmnn Kod (S'ib) 155 Eaton El Mus El Auto Lite El Boat El Tow Lt El rf Erie Evans Prod UUr) Firepton- 1.40) First Xat sirs 50 Am Inv 9 Gen Am Tram 39 36 U't 40'. Gen Asphalt Gen (.60) Gen Bronze Gen Cnble Gen Elect (.501 Gen Foods (l.EO) Gen El A Gen Mills (3) Gen Mot 65 44 126U 1S5 14 aO 6'i 30 ss 43'I 27 36 3 50 3 3 3 9 5 3 4 (' 14 1 1 .3 3 71 2i 57 15 21 8 29 43 38 3 1 IIS 14 1 29 42 33 2 15 4 11 5 4 1 33 3 14 18 5 3 16 5 9 169 17 66 4 9 30 4 17 1 4 12 11 21 3 5 Si 6 16 4 1 12 33 12 34 1 35 24 10 16 10 15 111 1 12 12 IS 19 20 3 1C 5 II A Lambert (2) Ln.Jlnb 1 'Leh Val Lehman Corp (S.fSb) Llbber-O Gl (1.20) Un My (5) Uqnld-Carb UUb) Loews (2) LorUlard (P) (2.20M Hlrt 25 113 Low Closa JH 35 113 42H A A A. A A A A A A Trucks Macy (B, H) (2) Manb Ry Mod Ktd Mdl (.40) Marsh Field Math Alkali" McCrory Stores 1 Mclntrre Pore (S) McXeesport Tln-U) McKeas Rob McClelland Stores Mencel Mesta Mach (2) Miami- Cop Mid Cont Pet C15l) Mina-Mol Imp Mission "Corp Mo Pac.pf Mohawk. Montrom "Ward Motor Wheel Murray Corp 9U 31 29 123 5K 10 4H 22 46H 31 10 122U 6H 10 4S 2H 31H 14 35H 113 22 464 24 31 33 US 4U 10 11 A A A Xash Mot (1) 15K Xat Biscuit (1.60) 28H Xat Cash Re? .17 Xat "Dairy Pr 1SH Xat Distill (2) Xat Lead (7) 159 Xaw Pow Lt 9'4 Xat Steel (1HW S7U Xat Tea 9H Central ft 6S Sblpbldz 10'i Xo Am Aviat 3T4 Xorth Am (11 U'A Xorthern Pac 17 li A A 1 Ohio Oil Oil.

Elev Steel Owens 111 Gl 10 19 'i '28 16 159 9U 9H 24 17 19 15 89 A 'i A A A I A A A Ti A A A A A A A 16S 12 7 44 3 57 4 4 24 5 1 1 3 Pac (Hi) 27 Pac Lgt 40 Packard Mot Park Vtah Patino Mln Penney (JO Penn Hii) Peoplea Drue Peoples i 37 Petro Corp 9H Phelps Dodge 22 Phila A 1 IH Philip Morris (1) Pblllips Pet (1) 26H Pierce Pet Pills Flonr (1.60) 33U Pitt Scr 6 Plymouth Oil 9H Postal pf 7Vi Procter Gam 53 Pub Svs C.40) 39 Pullman (IVi) 33 Pure Oil 7 Purity Bak (1) 15 Radio 'Hi Radio pf Eadto-Keith-O Raybestoj- Man (1) Rem Rand 11 Repub Steel Rey Mot (1) 21Ti Rey Tob (3) 55 Roan Ant Cop Royal Dutch (1.701s) 41 Safeway Sirs (2) St. Jos Lead 21H Schenley Distill 3SH Schulte Ret Seaboard Air li Seaboard Oil 2S Sears Boeb Sen el 11H Sharon Stl 20 Shattuck (FG) (H) S'i Shell Union 9U Simmons 14 Simms Pet (4s) Snider Pack 15 Ti Socony Vacuum ll So Sue (2) 24 South Cal Ed (IU) South Pac IS'i South Ry 94 Sparks "With 4U Sperry Corp ir) 12 SpieffeJ May Stern 65 li Stand Brands (.80) Std Gas El Std Oil Cal (1) 32H Std Oil Ind (1) 25U Std Oil (la) Stewart Warner 12 Stone Web 7 Studebaker 5 li 4 "4 36 22 6 51 39 13 4U 11 16U 153 9H 17 40 36 26 39 11 32K SSls 21 21 35H 36 2K 20 9'i 18Ti 11 24 20T4 25 S7i 5U 27 li 54 Ti 11 li SOli si; 914 13H ISli 11 li 24 li 21 914 41i 1211 85 li 13U 4S 321i 25H 43 11 news- qPTHBc week reviewed R. H. HIPPELHEUSEfU. (Continued From Page One) was not out of the ordinary, for constitutional revision looms as one of the primary issues in the '36 campaign.

The foes of the New Deal cry out: "Back to the constitution." The. friends out: ''Forward with the constitution." The administration viewpoint of change was presented, at Alexandria. by Daniel, secretary of" Tbe constitution, he said, Is "a living mechanism, a vital instrumentality for meeting, as they arise, the varied'and fundamental changes in social, economic and governmental evolution. "When the constitution ceases to provide the degree of flexibility and adaptability that is necessary to solve the increasingly complex problems of the present era and future years, it will failed in the primary purpose for which it was written. "The first requirement of a progressive society is a progressive constitution." Out in California, Herbert Hoover used a Constitution Day address to criticize the administration and dwell on one of his favorite topics, liberty.

"Liberty never dies," the former president said, "from direct attack. Liberty dies from the encroachment and disregard of its safeguards. "In our country, abdication of its responsibilities and powers by congress, the. repudiation by the government of its obligations, the centralization of authority into the federal government the build- Ing up of huge bureaucracies, the ntimidation of citizens are the same sort of first sappings of safeguards of human rights that have taken place in other lands." The American Liberty League utilized Constitution Week for another attack on the New Deal. The league recently appointed a committee of 5R lawyers to study New Deal legislation and report on its validity.

This week, the lawyers gave their first The national labor relations act, keystone of the New Deal's labor policy, is "unconstitutional." Other "rulings" will deal with virtually all the New Deal the President says is necessary, to bring the United States "the more abundant Chic a 6 Ex en ang Cleae tow Clow Abbot Lab 10S IDS 10S Stl 4914 4014, Abbot Lab Allied Prod Am "Pub Syc-Lpf Armour Autom'Prod Av Borg-Warner. Butler Bros Cen 111 Tub Svc pf "in Sec do -pf S-W: Ct Chi Corp Cities Senr Club Alum Edis Consumers do 7 PC. pf Cont' Steel Cord "Corp. Crane C6-. El Household Elsin Gt Lakes Drede Helleman Houd-Her md Pneu Tool Ken-Rad 105 24 25 10 60 106 24 25 10 3SH IS S3 1 4 15 17 2JU 23 51 4tt 30 SS' 44 35Vi IS S3 4 IS II 27 it 21 il 6 2H S3 17A4 4 15 17 21 51 Keystone Stl La Salle Ext Leatb.

t'Co Loudon Pack Marsh Field MerchiilfrsA Mid West trtil -w ir pt A. Midland Unit Midi TJt PC pt do A pt Nat Battery pt Nat Gypsum Am Car "West.7 PC pf XoH.west Bancorp Prima. Co Pub Svc 1 do 7 PC pfh Ryeraoa Std Drede.pt Swift Co Utah: Radio Viklng--Pump pf- Tates aiach Zenith. Rad 15- 114 '355. it 2tS ST, it 107 10? 24 24 1114 15 15H 3SS.

2 107 13 Sheep Make Week's Gains KANSAS CITT, Sept. 350: nominally steady; Cattle: 700; calves for the better frrades fed- steers and yearlinps steady to strong; short fed and ffrassers 21c lower: fat she stfoclc. vealers, kill ins and. stockers and 25-50c lower; other atoctwr and classes weak to lower: week's top; matureil 11.85; lone yearllnjrs. 11.50; vualers.

U.OO; stock calves, S.75; atockvm. 8.50: bulk steers. S.00-11.0rt- xrasserit, 5.25-7.23; grass heifers, 4.506.00; grass fat covrs. 4.25-5.00; stockera anil feeilers. S.OO-S.25; Sheep: for the week: lambs 25- 4Qc htcher; 25-oOc up.

closln? at the week's high level; no ranee. lambs offered at the close. Week's top range tnd native lambs. 9.25; late sales mostly 9.00-.25r top slaughter ewes, 4.00; yearlings Up to feeding Iambs, S.50-. l.OS ANGKI.E.S LOS ANGELKS.

Sept. for the week: 6.200; atpers 15-35 lower: she stock 25-50 lower: fed steera 7.25~ 9.35r grass fed and pasture steers 6.757.10; -Mexican steers 5.00-6.50; feeders 6.00-7.00; fed heifers 8.60; short feda 6.75-60; craps heifers mostly 6.50 down cows 4.50-5.75. Hoss. for week: 3,110: steady to 25 lower; srass feds 11.75-12.25; locals 11.5011.75. Calves, for week: 2.600; 50-75 lower bulk 6.75-7.50; some early to S.50: top vealers 10.50.

Sheep, for week? 6.700V including- 4.156 Tenn Corp Texas Corp fl) Tet Gulf Sul (2) Tex Pac i Tex Pac Tr Thompson-Star Tide-Wat As Timk-Det Ax, Timk Roll (Hib) Transamerlca (.30) Tri-Cont Corp Truscon Steel Un Ban i Un Carbide (1.60) i Oil Cal (I) Union Pac (6) Unit Air Lines vto Unit Aircraft Corp United Bis (1.60) United Carbon (2.40) United Corp United Corp pf (3) Unit Drus United Fruit (3) Unit Gas Imp (1) Gypsum Indus Alco C) Leather A Leather pr pf Pipe 21 38 10 14 71 33H 17 Si 99 sn 20 65 4 65 15H 70 li 44 14, is'i 51 8T4 ST. 19 65 .10 14 good direct Iambs steady; medium to S. 00 choice, quoted to 9.50 higher at 3.S5-4.50. 0 Cash Grain CHICAGO. Sept.

Cash wheat 3 red garlicky 38; No. 4 tough 38 Vi Xo. 2 hard 1.19U-20: corn No. 1 yellow 87; No. 1 white 87: oats.

No. 3 white 30 inal. buckwheat No. 3 1.30; barley nom feed 32-45; ma.tinc 50-75. PENNSYLVANIA, Gov.

George H. Earle. a New Deal Democrat, sought revision of the state charter to bring about this "more abundant life." In Tuesday's primary, the electorate balloted on the proposed changes. The opponents of revision were victorious. The foes of the New Deal were jubilant.

They found an- other opportunity to express their satisfaction in a ruling pf the state supreme court in Nebraska. The court labeled "unconstitutional" the state's relief and old-age pension legislation. The legislation was designed to furnish the state's share in the New Deal's social security program. Gov. R.

L- Cochran considered calling a special session of the legislature. nounced the Nazi swastika the national flag of Germany. And the Jews were denied the right to display the national flag. Visible was Hitler's anger over the recent action of a New York magistrate. Xouis-Brodsky, in discharging those who rioted againsi the swastika on the liner Bremen several weeks ago.

"The insult to the German flag in the United States," he declared, "for which the United States-apologized in dignified form, shows how far the international Jewish agitation- has progressed: 1 QUEZON was elected the first president of the new Philippine commonwealth. His vast in Tuesday's election showered under Emili Aguinaldo, the radical leader of the insurrection against the Unitet States just before the turn of the century. Quezon, who has campaigned, fo: Philippine independence for decades, headed the conservative ticket. For 10 years the commonwealtl will manage its own affairs. Then, if these years have proven successful, the Philippines will have absolute independence.

Gen Real Ct IK 11, 1H li Gillette (1) 17 1.1. AH Olmbel Bros 4S 41. 10 Gtldden Co 15 16H 13 A 010 IJUSL I A jl fn 2 1 2 lJ AH Granhy Con 12 11 i tlrfciid in ton a Xnr lr ctf 12 1-ii Al Gt Nor Rwy'pf 25 25 ll li Gt West SUE C.40) 2SH A HamU Watch 11 10'i It i A H.rb Walker IS Hayes Body 3S 3N Hercules. Mot (1) 11 AS Holland A 'i Houd-Her (11 ilS 20S 21'. llnurlon Oil new (.

A 'i Sound 4S Hud.on Man .3 Hudson Mot IIS 11 Hupp ilot Sk 2S 1 lllinoln Tent IS'i AS Indust Ray 11 'i 31 AS Cop 6 1 interb Rap US 5 Int Cement (1) 25 21 I A Int Harvest Int Hydro El A SH SH A Int Mck Can (Ht) 'i A 1. Int Pap pt 13H 13H UW sm-er SOH 204 38 A Int Tel Tel 9S 9S JS AS Interest Dept Sirs 13 13 11 jj A 14 Johns-Jlanvllle (In) 71 A Ul 1 11 21 Keivmator 12 US 12 Js A Kennev-olt 1 45f) 14 24 Kmn-j- IG I 1 3H 3'j Kreiure (S E) tit 25S 2SH Kroser tl.tO) IIS 271, 27H Bank Stocks KBW TORK. Sept. York SecurlJT Dealerf asKKlatlon: Bid AckAd Bklyn Tr S4 Cen Han Bk Tr Chem Bk Tr JJ Commercial i A- Tr 15 Own Ei Bk i 51 1 1 Empire Tr fifth lOSft BaBt 35li 4 Guaranty Tr Irvine Tr I' 1 JJ2 Manufacturers Tr -t Vmtl City tns me TT TlUtt 4t Public Title 4 United St Tr Cash Provisions 5 Keat ira 25 Rubber 13S 13H 13H Rubber 1 pt 35H 351; 35U 2 1 Smelt (6z) 97 9SH 96H 13E Steel 44 i 441s 6 i Steel pf 107H 107 107 3 A Tobacco (TUb) 1321i 131H 132H 1 Unit Stars A 5 5 2 Util ft Lt A 214 214 Vanadium 11 17 li 100 Warner Pict 71i 7U "'i 4 Warren Bios 314 Jli 314 12 A Warren (Hig) SOli 29S 3014 13 Wess (21ib) 39 39 .40 14 Penn El A (7) 7214 71 72 3 li West Mary 8 7 7U 1 A West Pac pf 49 A West Un Tel 4714 4811 9 Westinr Air (li) 24 24 24 A 1 West El (Vsl) 74 li 741i 3 AH Wheellnr Stl 23 221i 23 A White Mot 13'4 i wiicox 21; 37 Wilson 4V Co (He) 4'i 11 AS Woolworth C.40) tali 3 Worth 17 17 17 Worth pf A 40 40 40 1 AH Wrllley Jr (3Vib) 771. 77S 77H 1 Tale Towns 29 29 14 Tell Trk 4 51i 2 Touns (2) 3S'i 13 AH Tounrst Sh 4 24H 24 24H 10 -t Zonite 4H 4H 41i Active otockl 1171,400 3,100 Total tmlar day 130.

130 Week an Year mm t.004,7411 Jan. 1 to date Jt3.031.i80 Vear tn aia S3SJ3S.307 Wool Market BOSTON'. Sept. -81. Wool moved very treely in the Boston market dttrinc the Treek and prices continued the upward trend ot tbe previous week despite some ulackenins; in demand.

Sales of a-raded freeh comblns; t4s and finer territory wools at 74-7C cents scoured baals. and of ons'nal llnet rancinc from cents for short French combine staple were made in sizeable volume. Medium rteere and territory lines were strong-. Late of strictly combine fleecea Inrtudeil and nner and SS. (Os.

blood at 11-3: rents In the areaae. its. blood at IS cents, and 41s, Sirs, Mood at It cents. Foreign XEW TORK. Sept.

Forelcn ezchanse firm: Great Britain la dollars. others tn rents: Great Britain demand. cables. 4.91 France demand. 6.

SSV: cables Italy demand. cables. S.13. Demands: Germany, free. 40.22; reg.

tourut. 27.JS: 6wo- dtn. 2S.il: Denmark. S1.14; Tokyo. 91.75: Shanchal.

31.40: Honckone. SI. 00; Mexico. Copper List Anaconda 20 20 li Andes Copper Sli Butte. Copper Zinc SH Calumet Hecla 514 SS Cerro de Pasco Si 111, Consolidated Copper 3H Recla, Min Inspiration 5 '4 Iron Cap Kennecott 34 1 Miami Copper 5H BH Newmont Mln i7 II Phelps 12 Shattuck Deno JS 1'4 United Terde Ext 314 114 fc.

Treasury Receipts WASHINGTON. Sent. noaltion of tlu treasury, on Sept. 11 was: Receipts. JO.57J.73J.42: balance.

tl.J9I.213.U7.34. Customs receipts for the month Receipts for the fiscal year July 1). IS13. 757.105. S2: J1.SJ4.- itS.341.8t.

(tocludar 411.085.14 of expenditures): axcsn of MOHM- 1760.795. 23M7: m. ot 117.780. ENDING THE DOLE I THE GOVERNMENT ends the direct dole by November 1, it trust transfer those on direct relief to federal-financed jobs at the rate of 63.000 a day. There are still 2,500,000 jobs to find.

One of the deterring has been the so-called "security wage" scale, which ranges up to a month. Unions have fought the scale, contending it breaks down the union wage. In New York strikes were called. This week there was compromise. Works Progress Administration officials were empowered to shorten the working hours, at the same monthly rate, to equalize the government wage and the union scale.

LOUISIANA SQUABBLE SOD still is fresh on the 1 grave of Huey P. Long. But already, the battle Is on among his aids for the power he left. The "united front" Is broken. The first decision to stand for the time being behind Gov.

Oscar K. Allen Is abrogated. Louisiana is in a general turmoil. The first break came with the announcement by Lt. Gov.

James of his candidacy for governor. With him Wade Martin announced for the United States senate. Presumably they were aided by the Rev. Gerald Smith, national organizer for Long's "share-the- wealth" clubs. The rest of the Long aids are in consternation.

The battle for the spoils of the dictatorship is on. in bitter earnestness. The disintegration Long's enemies have hoped for is in the making. HEADLINERS W. W.

Attcrbury, re tired president of the Pennsylvania railroad; Jules Cambon. French ambassador to the United States in the Spanish-American war days. Gordon Bennett, bal loon race by the Polish entry. James Roose velt, mother of the President. Sh was 61 years old Saturday.

Simonds By War Talk CHICAGO, Sept. Re-, fusing to take Italy's "no" today as a final rejectioa ot peace'offers, wheat market ''responded "witti moderate downturn of Cautiousness in regard to possible surprise developments ia Europe over Sunday railed deaUngs, especially as trade- drew to. an end: A lirm undertone in wheat" was with rallies easily achieved, and the bulk of selling appearing to come from recent buyers who were in a position to realize profits. closed unsettled under yesterday's finish. December corn off to up December.

oats at decline to advance, and sions varying from five cents setback. to an equal gain. Range of prices on Grain Provisions exchange follows? and (Continued From Page One) source has been ignored'to drag hem into the Ethiopian aKanv 'at the close of war, Germany had been left her colonies and Italy; had been allowed the mandates carved out of Turkish territory which France and Britain took, the present would not arisen. You may abhor' the of National Socialist you may condemn the illiberal practices of Fascist Italy, but no fair'minded American-can fail to recognize the justice of both the German and Italian claims against England and France. if countries are resolved not --to restorsj German colonies or satisfy Italian needs, then they, will be responsible for the wars which will inevitably result from German and Italian determination to obtain not merely new deal but also a square deal in the land and resources of globe.

If, instead of trying to get the American people to enlist'in a new war to maintain the status quo established after the last, which is indefensible in terms of right or the British and' French statesmen would make restitution to Germany and do justice to Italy, they might have some basis of appeal for American, assistance. But they won't do either. Nor can they agree with each other. On the contrary, the French were ready to see justice done to Italy at the expense ot British, security, as their performance in the Ethiopian affair has demonstrated had not their own security been involved. England is just as willing to see- Germany placated at French cost, as her private treaty with Germany in, naval matters proved.

And neither country cares one brass farthing for the cause of world peace, when its own interests are not at stake, as the conduct of both in the Slanchurian. episode demonstrated. The present Italian war in Africa, the future German war in Europe, both had their origins primarily in the colonial details of the- Paris settlement for which Lloyd George and Clemenceau were responsible. Today it is customary in England and France to say that It was the American desertion of the league which compromised the cause of world peace. In reality, however, what the American refusal to go to Geneva did was to deprive these unfair terms of the backing- ot American blood and treasure and thus to encourage the Italians and the Germans to challenge them more promptly than they might otherwise have done.

It is hardly tolerable to see selfish but sated imperialism hypocritically hiding behind worldf desire for peace and exploiting it to protect the profits of past conquests from future challenge. When, moreover, European statesmen and pressmen clamor for America to do its duty in the cause of world peace, it behooves the people of the United States to consider whether, it is actually peace or only dear old status quo which is in danger. And beyond that, it should inquire whether status quo itself deserves to be defended. WHEAT: Sept. Dec.

May CORN: Sept. May OATS: Dec. May Sent. Dec. I May RA.Rl.BTr Sept.

Dec. Sept. Oct. Dec. Jan.

May BEtLlES: Sept. High .81 .53 .29 15.S2 14.12 Low .9854 .98 .58 Hi .39 1S.SO 14.05 Close .49 .45 .45 16.31) 15.S9 14.05 13.45 1S.OS IS. 70 New York Curb In Mock. bi, Jn 5 orr cent In stock. K(F- rule.

Allied Mills Alum Co Am Am Cyan As Gas El (1.40) Am Super Power As El A Atlas Corp Braz 4 Can Marc Carib Syn Cont St El Cities Serv Cities Serv pf Colon Oiy Colum A El pf () Commwlth Edls (4) boat Hleh Low 17 681; 23 Ti Comwlth So war Cons Cop Min Cons Alro Cord Corp Creole Pet Crocker Wheel El Bond Sh El Bond Sh pf (G) Equity Corp Flsk Rubber Ford Can A Ford Ltd 7 Glen Alden Gold Seal Elec Gulf Oil Pa Hecla Min Imp Oil Can (lib) Internal Pet Lehlch Molybdenum vtc Nat Hess Xewmont Mln (lei Tel pf (dtt) Hud Pow Pantepec Oil Pennroad Pioneer Gold (.30) St Reids Pap Shattuck Denn So Penn OH St Oil Ky Uttb) Tastyeaat A Technicolor Unit. United Gas Un Lt Paw A Elec Pow Foil Unit Verde U.4i>b) Dow-Jones Weekly XEYV YORK. Sept. averases for week ended September 21: Monday Tuesday Wednesday Thursday Friday Saturday Xet cbanire for the week Industrial 1.12.91 off 0.49 133.11 up 0.29 134.11 up 1.00 131.44 oif 3.67 12S.42 off 3.02 12S.7S up 0.36 off 4.62 Railroad 36.18 off 0.27 35.15 off 0.03 36.74 up 0.5! 36.36 off 0.38 35.00 off 1.36 35.07 up 0.07 off 1.33 Utility 25.85 off 0.211 23.85 TJnchid. 25.84 off 0.01 25.2* oft 0.58 24.S1 off 0.75 24.51 tlnchffd.

off Federal Farm Mortgage Corporation Bonds Kir. Beck and Company) High Low Federal Farm Morlg-cge 3 93.23 33.1J Federal Farm Mortgage Xone Federal Farm Mortgage Xone Close 99.19 Prev. Close 93.24 101.21 98.30 Home Loan Corporation Bonds (Refsnes. £lj. Beck and.

Home Home Owners' Loan Corp. Loan Corp. Hldh J9.23 93.14 Low 39.17 98.7 Close 91.1* 9S.7 Prev. Clone 99.18 93.10 Hlr Walker 11? 7S 1H 314 Ti 17. -lli 79 S9-K 4 son 7H.

631i 6 SSVi 10'4 so' mi 23 Iti 11 17 3T4 3T, Alum Co Baldw Lou 6s '3S Can Pac 6s '42 Cities Ser 5.1 '50 Comw'l Ed 4s '81 DOMESTIC IIO.NDS 17 1H 79 374 -1 71i 11 6.1 574, 7ft SOU 58H. 25 1814 1814 21i 2ii ,4 20 ITi 13 3V ll'i is. 17 4 20 63 60- 25 17 ISii 57 S4H-. 2 19 107 55 106 52 Va Glen Alden Coal 4s '85 Xevada Cal as '58 82 Xi Pac 414s '60 106(3 Har 454s '79 Stand 65 '35 47 Stand -57 40'i Tex El 5s '80 99 Tex 5s Un ft Is '75 Tex Util '57 A 7S 107 54V. 53 a 5 it SUVi loo li 106 "4 45 V.

99 Baden Mun 7s '51 It Sup Pw '83 A Ruhr Gas '53 A Buss '13 Un Ind '41 BON'DS 41) 40 li 35 107 102 MV. 106 47 99 43 78 33 33 Poultry And. Eggs Peultn Bujlnc l-rlcet Furnished Welnlck'a Market Hens, white. ibs. and over Hens, colored.

Ibs. and over white frvers. up to 2 Ibs. Colored fryers, to 3 Ibs. Stacs Drcka Qeeae.

ibs. np ta Itw. Turkeys, No. 1 torn Turkeys. No.

1 hena ,11 .20 .01 .18 .13 .21 .11 CHICAGO. Sept. II Ur4 H.M; prtllw 11.56. Xor In Jlontrttl, 4aT: GOVERNMENT BRIEFS TVTARRINER S. ECCLES.

Utah 1 banker and present governor ot tbe federal reserve board, was appointed by the President as chairman of the newly-organized federal reserve system. Joseph P. Kennedy resigned as chairman ot tbe securities exchange commission. The President appointed the following commission to administer the coal stabilization bill: George E. Acret-'rf California.

Charles S. Hosford of Pennsylvania, "Walter H. Maloney of Missouri, Percy Tetlow of Ohio and C. E. Smith of West Virginia.

OTHER FOREIGN AFFAIRS TTHB JEWS in Germany went, back to. the days ot the They -were deprived ot citizenship. The Intermarriage of Jews and Gentiles.was forbidden. Hitler pronounced these decrees at tbe congress of his National Socialists in Nurnberg. His reichstag-, summoned to "rubber stamp 1 the decrees, wildly.

Hitler, hurling defiance to Jews and oppositionists throughout, the world, also pror Cotton Futures Cotton Market Exclusive Republto Dispatch REPORTS received from the U. S. Bureau of Agricultural Economics place the premium obtained on PREMIUM COTTON as noted below. Premiums computed from prices at which cotton is actually sold and lengths are described to conform with the official standard of, the United States. New Orleans middling 10.75.

Staples based on October futures. Strict middling inch 125 points on) 1 1-32 inches 145 points on; 1 1-18 Inches 170 points on; inches 250 points on. Demand fair. NEW YORK NEW YORK, Sept. rejection of the league's peace proposal by the Italian cabinet seemed to have a somewhat unsettling effect on cotton today.

December declined to 10.51, or 10 points net lower and 27 points below the high price of yesterday, with'the market closing barely steady at net declines of six to 11 paints. Spot quiet; middling 10.80. New York January March May July Dctober Dece'mber 10.51 10.69 10.75 10.80 10.53 10.55 10.S2 10.71 10.76 10.S2 10.54 10.53 10.55 10.S4 10.71 10.75 10.18 10.51 10.55 10.94 10.71 10.75 10.46 10.51 (Furnished By E. F. Hutton eV Co.) (Members of New.

York Cotton Exchange) Mew Orleans Liverpool In Penes 10.51 5.84 5.90 10.59 S.3S 5.32 10.65 10.70 10.45 10.4S I 10.56 10.61 10.67 10.72 10.50 10.52 S.87 5.94 5.9J 5.35 S.94 5.94 5.93 5.88 NEW TORK, Sept. lost 35 to 55 cents'per bale today and closed on bottom. In fact, hedge sales came into tbe market all during- tbe session. Liverpool cables indicated we should open 50 cents per bale higher, but that influence was entirely overcome 'by hedge sales and overnight turn to bearish sentiment based on tbe general action of tbe markets yesterday. Still, the war threat Is destined to continue a dominant market issue and today's news Is dark.

The trade not only has to repercussion from tbe war clouds but also the domestic market condition wbicb from a manufacturer's standpoint is more optimistic than it has been for a- while due to- the Increased cloth which causes manufacturers: to enter the market steadily for cotton and contracts and this advisability of'foliowins the constructive side when market "pressure. aJr. AN IMPORTANT MARKET SIGNAL A significant but rare market signal has recently been given. A similar signal has been given only five times in the past 65 years. Each time in the past this signal has been quickly followed by major movement in business and the security markets.

You' will receive our study of this rare signal and the next four issues of THE this "ad" and today. You will also receive these extra aids to profitable investing: The September issue of our handy stock and data book covering 1300 stocks, reprints of Public Utility Holding- Company articles, "Stocks For The Coming Prosperity," "Rail Shares In Best Position," "Revising F. Opinions On 40 Utjlity Securities." "A Stock Market Enigma," 84 "Stock Faetographs." "How To Invest 94,000. S15.000 and $25,000," "An Analytical Basis For Se- letting Stocks," "Business Boom History," and Our Revised Opinions on 238 Earlier Recommendations. DM'I Mis.

the F. SepteBsber 25tk line Besides 8 new "Stock the coming issue contains these important features; Into- High," Good Yi.ldinoj Common Stock Group, for Long Terei "Thr Steeks." Ctlllty Prererre4.i l-. Ueii. sr "The Best -Steal Storks," C.r». this fur Called Vain.

Of Sneec fewer." "Tbi Uste4 Steeb." tt l-V Wni- tfcMt I.