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August 06, 1931 - Image 3

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Publication:
Michigan Daily, 1931-08-06

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THURSDAY, AUGUST 6, 1931

THE SUADWR MICMGAU DAILY

PAGE THRTft

WHEAT PRICE HITS
NEW LOW RECORD
Quoted at 46 Cents; Decrease
Is Greatest Since Drop

Sports Woman
Tomorrow afternoon, the wo-
men's physical educational depart-
ment will sponsor the last out-door
swimming party of the summer ses-

K

in October, 1852. sion. As usual, it will be open to
every woman enrolled in the Uni-
CHICAGO, Aug. 5.- AP)-History versity who cares to attend.
was repeating itself today at the Those planning to go must sign
expense of a bedraggled king. up with Mrs. Damm and pay her
Wheat, manhandled in trading the fee of 50 cents before noon to-
pits throughout the world and morrow. The fee includes supper,
forced down by the law of econom- transportation, and locker. Eliza-
is, had fallen to a new low record beth Whitney,grad., is in charge
today. With Tuesday's bidding on olhocparty which will be held at
the Board of Trade, No. 2 red win-
ter was quote: as low as 46/ cents, Miss Ruth'Campbell, of the phy-
or 2Y4 cents below the inside figure sical education depar tment, an-
of 1895. nounced yesterday that the dead-
It is necessary to go back to Oc- line for signing up for the open
tober, 1852, to find a period when swimming meet which will be held
the price was lower. In that month at 7:45 o'clock tonight in the Un-
it sold at 45 cents, while inMay, Any oman enrole in the Un
1851, it was down to 28 cents, the iversity may enter the meet and it
lowest figure known since Chicago is not necessary to be in one of the
became a factor in the western swimming classes. Among those
grain trade who have enrolled so far are: Mary
All deliveries of futures sold at Kary, Alise Westendarp, Margaret
a new low for the season, with the Seeley, Charlotte Moss, Mary Ren-
September touching 484 cents on shaw, and Elizabeth Whitney.
the break, making a new all-time
record for that month, and came
within three-quarters of a cent of
the inside figure established on July MANYFEAREDnDEADh
during the closing days of that
month.
Prevailing low prices for wheat
were reflected in all the leading
markets of the world. Liverpool Torrential Rains in Vera Cruz,
reported wheat from the Danube Tamaulipas Cease; Heav
river offered at 48/ cents per bush- TC
el, cost, insurance and freight paid. Losses Incurred.
An examination of records showed
that at no time since 1592, or 339 TAMPICO, Mex., Aug. 5.-()-
years ago, was the price level near Torrential rains which flooded
that. Tampico and other cities in Vera
Argentine farmers are equally as Cruz and Tamaulipas with the loss
badly off as those in Europe. Au- of many lives ended today and
gust delivery in Buenos Aires was
quoted at 40 cents, a figure which gave inhabitants an opportunity to
is regarded as equal to 13 cents per take stock of their losses.
bushel to the producer after allow- The flood water, reaching a depth
ance is made for threshing and for of over three feet in some of the
freight charges to the ports. most populous districts of Tampico,
Winnipeg wheat prices were rel- receded sufficiently for resumption
atively the highest in the world, of street car and automobile traf-
the October delivery being quoted fic in the center of the city early
at 537/ cents at the last. today.
As wheat went, so did oats. All Three men and a woman were
deliveries dropped to a new low caught in the swirling flood in
for the season, the September Tampico and swept out to sea, and
touching 22 cents, a figure that residents reported seeing numerous
has not been equaled since Sep- bodies floating down the swollen
tember, 1900, when it was down to Panuco river from the interior as
21 rg cents. well as hundreds of drowned cattle.
The Panuco river, which over-
flowed into a wide zone in the in- adbre
C OVEONENT INDS=~fthconr an buid
numeru "villages under its waters,
r 761765 till was rising and the town of
FOR 2Panuco, crowded with refugees
{ from the surrounding country, was1
partially flooded.
Doak Says Federal Employment
Service Has Proved University Expedition
Valuable. Reaches Copenhagen
WASHINGTON, Aug. 5.-(P)-The According to a cablegram re-
recently reorganized federal em- ceived yesterday by Prof. Wm. H.
ployment service is expected by Hobbs of the geology department
Secretary Doak to have an appre- from William S. Carlson, director of
ciable effect upon the unemploy- the Greenland expedition, the ship
ment situation next winter. "Disko" which crashed into an ice-
In a letter to President Hoover, berg off the west coast of Green-
the secretary of labor said that land in a heavy fog, reached Co-
April to July 31 this year, the serv- penhagen on August 4.
ice had found jobs for 281,769 un- The University of Michigan par-
employed persons. In making the ty which was on board will leave
information public, the chief execu- for the United States in a few
tive said the service had rendered days and should a ive here by
a large measure of accomplishment. August 19. The "Disko" was de-
Secretary Doak wrote that by co- layed two weeks because of this ac-
operation with state, city and other cident which nearly ended in seri-
employment services, 638,689 per- ous disaster. It is said that the
sons had been found work in the; only thing which kept the boat
four-month period. Since April 1 from a complete demolishment was
the number of federal and co-oper- the ice platform which extends for
ative employment offices were in- several feet around the edge of an

creased from 279 to 332. iceberg, thus delaying the momen-
The service began its reorganiza- tum of the ship and reducing the
tion on March 13. force of the impact.

i .
. _. .,

DISTINCTIVE
APPAREL
Quailty Combined
With Low Prices
Make This Our
Greatest

I

i

Beginning Today

We wish to emphasize the fact that regardless of low prices we have scrupu-
lously maintained the same high standard of quality, style and workman-
ship that has made Jacobsons the outstanding fur store of Ann Arbor.
HUDSON SEAL COATS.......$198.75 to $350
JAP MINK COATS............. 250 to $500
PERSIAN LAMB COATS........ $298.75 to $450

SQUIRREL COATS ........... ,

$198.75 to 350

AMERICAN BROADTAIL .......$..0150 to $395
MUSKRAT COATS ........... . .$.59.00 to $150
AMERICAN MINK COATS ......$.695 to $1000
NORTHERN SEALS .............$59.00 to $150

GENUINE ALASKA SEAL.

... $250 to $350

RUSSIAN PONIES............$59.00 to $175
DON'T MISS THESE REMARKABLE
FATURE GROUPS

Hudson Seal, American Mink
Clar and G Rfk. Pice $291.75.

Lowest
Price
In Our
History

$5

Never
Before
Such
Values

4
3r
o
r
;
';'r
,r;$
t.
6 , : e
s ,
:

MUSKRAT, NORTHERN SEAL AND OTHER WANTED

FURS

ro

ONE LARGE GROUP AT

COLLEGE BEAUTY SHOPPE
'Ve offer
Shampoo and Finger Wave ................... $1.00
Shampoo and Marcel...........................$1.00
Manicure .......................................50
By expert operators
Open Every Evening Phone 22813
HaveP
A.. PRRI
taken NOW . . . in your cool-looking,
flattering summer clothes!
Three size 8x10 inches . . . . . $2.00
One large size 11x14 inches . . $1.00
Annex Store-Phone 4161

Silver Muskrat,
Natural Muskrat, Black
Russian Pony
Natural and Brown
Russian Pony, Etc.

$8

Special representative of
one of the largest eastern
manufacturers will be
here during this sale.

9
11 i
ypQ pQ
SR

YOU'LL LIKE OUR
LAY -AWAY PLAN
A reasonable deposit will hold any
coat till wanted-Storage free until
Nov. 15.

JACOBSON FURS
ARE GUARANTEED
To every coat we sell is attached our
guarantee tag which insures to you,
in writing, satisfactory service. Quality,
style, workmanship-even price is
covered by the Jacobsons guarantee
tag.

This Bonded Northern Seal
Coat,,, Sale Price $59.00.

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