Click image to open full size in new tab
Article Text
DENIES RENS
Refuses to Quash Charges Against Representative.
St. Louis Member of Missouri House Must Stand Trial for Forgery.
NEW YORK. Aug. close the week in the market today found price levels, in the aggregate, had regained virtually all the loss since the United States Steel Corporation drastically reduced its dividend rate July 28. Bulls were less aggresbut prices continued generalclosing with net gains of about 1@3 points. Business news menger and Inconclusive, but better feeling speculative quarters apparent. Several commission houses were not overly confident their advices, however, regarding the bullish activity as somewhat experimental, and suggesting the protecting of accounts with stop loss orders. Moderate price shares were again turned over in considerable volume, particularly oils, motors and accessories, dustrials. Gains in the oils, ever, mostly The for the session was close 1,000,000 shares, the most ctive Saturday Case gained points. Union Pacific and Eastman gained about points, and issues point or two included U. S. Steel. Woolworth. Loews. International Telephone, Can and Power. New York Central. North and AmerIcan Tobacco and American Such issues General Motors, Radio. United Corporation, American Can and General Electric were narrowly changed. International Harvester sagged 1½. then recovered partially. The week-end estimate of next week's production in the Youngstown area indicated another slight gain. The bureau of census monthly report on cotton consumption, placing the amount used by mills July at 451,000 bales. brought temporary upturn about $1 bale in the cotton market. Foreign exchanges were about steady, although sterling cables, ruling at $4,85%, were off 1-16 of Cotton futures closed somewhat prices, with net gain of 55@80c
CURB MARKET FIRM. NEW Aug. The market maintained steady tone comparatively quiet One generally continued to push higher Humble gained points and Vacuum 1. Standard of Indihowever, into realizing and closed with loss of minor Cities active the late trading, and closed at 10, up Utilities also generally highElectric Bond and Share closed point higher. Gas Electric gained full point. United Light however, eased small fraction. In specialities. Woolworth. fraction, along strength in on the big board. Ford, Ltd., also closed Industrials generally moved nar-
YORK CURB MARKET. (By Associated Press.) 37% Service Electric pfd. Motors 28% Libby Utilities Pipe Standard
NEW STOCK EXCHANGE PRICES. (By Associated Press.) Close Air Reduction Alcohol START SURVEY WORK Light Ref. State Will Attempt to Reduce School Districts. Missouri University Graduate Placed in Charge of MapTopeka Santa ping Plans. JEFFERSON CITY. Aug. survey in each county of the state to enlarged school districts has been started by the state department of was nounced today by Superintendent Ad. Mach school law passed by the last legislature provides that each county must before Aug. 15, 1932, call Ohio county school board convention for the purpose of electing school Paul districting board for the county. This board will divide the county enlarged optional school diseach having minimum of fifty square miles and minivaluation of $1,500,000. Survey work has been started in and Pettis counties The Baking work is under the direction of Ray who received doctor's Products Steel degree from the University of Misthis year. Wright Lee said the surveys would be used as guide for the county boards. Only those facLight tors affecting district reorganization will be taken into conTexas Tank Missouri now has almost school districts. Lee said he should not be than 500 in the state. many schools are costing more than they really should. If we going to run our schools in an efficient manner have larger districts. The new law provides state aid for of pupils amountMotor Car ing to $3 month for each child Motor Interboro distance of two miles Cement or more in the enlarged districts. Nick FOURTH OMAHA CLOSING. Paper Heavy Runs Cause Suspension of City Business by Bank. OMAHA. Aug. Union State Bank Omaha today suspended to deposMyers Tobacco itors, officials of the state banking department Biscuit The Union State was the fourth Omaha bank to close since Monday. Trucks Heavy runs on the bank caused by Copper the closing of the other Institutions was responsible for the closing. The last report of the bank listed deposits of was italized at $200,000 and had cap- reserve $40,000,