rise In Plane And Route Of French Holders 0 k Quiet Session, Close Strongly Many Issues Are Up One Io Five Points; News Of Recovery Reason NEW YORK, Aug. 9. -(R)-- The stock market exhibited a renewal of optimism today in trading which, though much brisker than during the last few sessions, was still of an. or- derly character. Gains of 1 to 5 points or more were ,displayed over a wide front. The close was strong, around the best levels of the day. Transfers approximated 2,500,000 shares. While trading was largely profes- sional, there was some expansion of public participation reported, The resumption of the rise was chiefly attributed to cheerful news concern- ing the steady progress of business and industry. Shares up 3 to 5 or more points included United States Industrial Alcohol, National Distillers, Ameri- can Commercial Alcohol, National Steel, Industrial Rayon, Celanese, Allied Chemical, American Sugar, American Telephone, Santa Fe, Amer- ican Tobacco B, Western Union, Case Threshing and du Pont. Among oth- ers with gains of 1 to more than 2 were- Sears Roebuck, New York Cen- tral, Chrysler, General 1.Viotors, United Aircraft, Union Pacific, Chesapeake & Ohio, Westinghpuse and United States Steel, Circulaution Declines Traders who attempted to rekindle' the inflationay fires yesterday were not so positive today that the Ad- ministration was contemplating any immediate drastic expansion of the currency. The Treasury Department revealed that per capita circulation of money in the United States de- clined more than 11/2 per cent during July. The country's monetary stock, as of July 31, therefore, disclosed de- flation instead of inflation. It was about $900,000,000 under the total of July 31, last year. Winchell Sues Al Jolson For Half A Million: Maurice Rossi (left) and Paul Codos, French aviators, lengthe flight record in a 5,900-mile flight from New York to Rayak, Syria. Th estimated 560 miles. Their plane, the Joseph Le Brix, and the route Credit Administration Lends Millions To Farmers In Debt NEW YORK, Aug. 9.-(R)- The pass Al Jolson made at Walter Win- chell two weeks ago in Hollywood has been passed right back to him in the form of a $500,000 suit for dam- ages. Winchell, Broadway gossip column- ist, said today that the singing come- dian was served with a formal notice, of the suit last Thursday night. When or where the suit will be heard, Win- chell doesn't know. "That's all up to my attorney," he said. Thousands of eyes turned from the paid pugilists at an outdoor fight in Hollywood, on the night of July 21, when the actor and the columnist mixed at the ringside. What most everyone saw was a group of police, ushers, and friends milling in the seats. Out of the melee emerged Winchell, freely admitting he had been hit, and Jolson freely admitting he had done the hitting. The actor .said he punched Win- chell in retaliation for writing a movie scenario which he had heard reflected upon his actress wife, Ruby Keeler, and himself. "The only thing that makes me feel badly," said Winchell today, "is that public opinion has been deceived into believing me guilty of the charge. "Mr. Jolson said he was worried over his wife's condition; he didn't worry about my wife's condition." The "Mr." was said with an acrid inflection. Most of the time, as the columnist talked, he referred to the man he is suing as "Al." "Al and I have been friends at least 15 years," he said. "I've never said an unkind thing about him in my column. He knows that as well as I do. "In my talks to millions of people I've always spoken of him affection- ately. It's an awful thing to have a friendship smash." But his tone was not always kind- ly. "Listen," he) said, "Right after that affair Jolson was quoted as say- ing, 'I lost my head. I didn't know what I was doing. I'm going to demand to see Winchell's scenario and if I find it's all a mistake, I'll apologize.' "Well, did he ever ask to see that script? N.o. He beat it out of Holly- wood and came back to New York and there I was, holding the bag. "Mr. Jolson accused me of slan- dering Mrs. Jolson and jumped gal- lantly to his wife's defense-without knowing what it was all about. "I couldn't prove to him that there is nothing in that picture about him or his wife. He wouldn't give me a chance. So now I'm going to prove it in court. "This is the truth: The picture is. not about Mr. and Mrs. Al Jolson!" (EDITOR'S NOTE: Third of a daily series of reports written by the men guiding the recovery projects of the national administration, this article tells'how farmers are being aided through government loans.) By HENRY MORGENTHAU, JR. Governor, Farm Credit Adminis- tration (Cppyright, 1933, By The Associated Press) Debt-burdened farmers through- out the United States have been given assistance through loans of millions of dollars since the Farm Credit administration was created two months ago by an executive order that brought under one agency four divisions of the federal government dealing with credit extended to in- dividual producers or to their co- operative marketing and purchasing organizations.. Loans are being made at an in- creasing rate, despite the immediate handicaps involved in the reorgani- zation of the old credit agencies so that they might properly fit into the new organization and adjust their ac- tivities to conform( to the recent changes made by Congress in the laws that created them. $2,250,000,000 in Loans { On July 1, reports sowed a total of more than $2,250,000,000 out- standing in loans and discounts of farm credit administration banks, corporations and offices. Stimulated by the national gov- ernment's gigantic program to assist in refinancing the agricultural in- debtedness of this country, thousands of farmers are applying for loans. For example, the 12 Federal land banks received in June 16,241 loan applications, amounting to a total of $87,388,312.17, while during the same month last year there were less than 2,000 applications for loans totaling $8,650,111. Although handicapped by an in- adequate force of only 300 appraisers serving the entire nation at the time the emergency farm mortgage act be- came a law on May 12, the Federal land banks made 1,021 loans aggre- gating $3,766,240 during June com- pared with 685 loans totaling $2,- 716,300 during June last year. Nine hundred loans, amounting to $3,137;- 549, were closed in May this year. Amount of Loan Restricted More than $400,000 has been loaned direct to farmers by agents of the land bank coimissioner since they first established headquarters in the Federal land bank cities about the middle of May. Most of these loans are made in small amounts; the law does not permit the lending of more than $5,000 to an individual farmer.. The appraisers' work has been in- creased recently as a result of the putting into operation state-wide plans of refinancing farm mortgages held by closed and restricted banks. Incomplete reports show that closed and restricted state banks in 33 states hold approximately $258,000,- 000 in farm mortgages, Taking Over Mortgages It is roughly estimated that both state and national banks may hold as much as $450,000,000 to $500,- 000,000 in farm mortgages; $50,000,- 000 of this amount is held by state and national banks in Wisconsin where the plan was first put into op- eration on June 19. Later, plans were launched in Illinois, Iowa and South Carolina. Within a few weeks we expect to have the program ,going in eight more. states, making one in each of the 12 Federal -land bank regions. Under this plan the land banks take over the farm mortgage from the banks, paying cash for them after the appraisers have placed valuations on the mortgaged land. The Farm Credit administration is continuing to make loans to co- operatives to aid them in the mar- keting of this season's crops. Loans totaling $30,900,928.18 were author- ized to be made to co-operatives dur- ing May and June. Every detail of our program is be- ing developed so that farmers will have an adequate and permanent system that will meet their needs for long-term farm mortgage credit, short and intermediate-term credit for farm operations and credit for their co-operatives. ECONOMICS WINS FAVOR COLUMBIA, Mo., Aug. 9.-(IP)- More students at the University of Missouri are becoming interested in economics, a survey of the college of arts and sciences disclosed. 7 in Smart Styles and Fas Our fall h pleased to vance sho K They are thing for of blacks, Cartwheel Berets the newes Brims Tams satin, felt $ .95 d Up f Distance Record Admission To University Is Lecture Topic *Registrar Ira Smith Points out Requirements Used In Admitting Students ':. Both methods of admission to the University, by certificate and by ex- amination, were described yesterday by Ira M. Smith, registrar, in a talk on the School of Education's series of afternoon conferences. He also toldl of some things that are to be considered when one is choosing a college. Admissio regu- lations were described as being set up definitely by the Board of Regents upon recommendation of the various faculties concerned. Students are admitted on certificate only from fully accredited schools, that is Michigan high schools which have been accredited by the commit- tee on relations with secondary -Associated Press Photo schools and others outside the state ned the nonstop long distance accredited by their own or regional ey exceeded the old record by an agencies, he said. are shown above. Among things that Mr. Smith said should be considered in choosing a A vocation are the interests, abilities, As si olice To and ambitions of the individual. He should counsel with older persons, Protect Trucks investigate an occupation in the pro- Trucks.fessional, agricultural, industrial, icommercial, and home-making fields, ~coarryn% Imiiil and finally select an occupation he will like which will enable him to give service to others and which will ALBANY, N. Y., Aug. 9.-(A)-Ma- call forth the best that he is capable chine guns will protect milk trucks of expressing. against New York state's striking In describing who should attend dairymen if, authorities approve.thecollege, Mr. Smith said that those whose choice of vocation necessitates recommendation made today by Capt. an education in college should cer- Stephen McGrath of troop D, state tainly attend. Whether or not per- police. . sons have the capacity for college Hero of the Auburn prison riots, should be an important factor, he Capt. McGrath today called upon said, as should one's readiness for Maj. John A. Warner, superintendent college, of state police, to authorize the use In choosing a college, one should of the machine gun after reports had consider courses offered in the de- been received that troopers convoy- sired field and the physical surround- ing a "train" of tank trucks had ings and problems of student life, and been fired upon from ambush near should secure information from the Little Falls Tuesday night, colleges themselves, not accepting the A dozen shots came from the bush- opinions of others or depending on es, puncturing milk trucks and barely chance or associations. missing two state troopers when one In conclusion, for those who select bullet went through the rear of their the University of Michigan, Mr. Smith car. Troopers were said to have fired pointed out benefits that the State approximately 300 rounds into the gives to her pupils and stated that underbrush, but no one was hit. This students should reciprocate with good was the second time trucks have been citizenship. fired upon. Tuesday night's outbreaks came ZUPPKE TO BEGIN 21ST YEAR shortly after Gov. Herbert H. Leh- CHAMPAIGN, Aug. 9.-(P)-Bob man indicated that he would not call Zuppke is- about to start his twenty- out the state militia under present first year as University of Illinois conditions. football coach. Illinois plays the West Meanwhile, both the strikers and Point Cadets at Cleveland Oct. 21 in non-srtikers held mass meetings in one of the big games of the year. various parts of the state, the former protesting the "brutality" of the state troopers and the latter calling for more protection. As the strike entered its ninth day, neither the dairy leaders nor, the state milk board, against whose classified price orders they are pro- testing, made any moves toward a settlement. The farmers are demand- ing a blanket price of 4% cents a 324 S. State 1101 S. University quart for all their milk, instead of the classified prices they now receive. Gov. Lehman today ordered the QUALITY We're Always Fi summoning of special grand juries and the appointment of unlimited numbers of sheriffs, deputies to quell strike rioting. #IL AU CR CUAwSING hionable Materials - 2---- 25c ats have arrived and we are : -50 give our customers this ad- T H BRL wing of the latest creations. smart . . . chic - just theSpecia autumn-in beautiful shades blue, and browns, and in ,t of materials of bengaline, and velvet. I IC I , "y L4 i . . 1P ilot Thwarts Holdup Attempt On Speedboat CHICAGO, Aug. 9.-(AP)-An at- tempted holdup of a speedboat as it raced from the World's Fair grounds to the Michigan Ave. bridge with six passengers -aboard offered police a new kind of crime to com- bat today. And they were frankly puzzled, too, as to whether John Pennick, 27, over- powered by the pilot and other pas- sengers, and accused by them of pro- ducing a pistol and threatening a robbery, should be charged with pi- racy or just plain attempt robbery. Pennick was arrested Tuesday night when the boat docked and James Nester, the pilot, told of the struggle that took place a mile and a half out on Lake Michigan as the craft was skimming over the water at 40 miles an hoip. Nester told police that Pennick was one of two passengers occupy- ing the driver's seat. with him and that suddenly he displayed a pistol and stuck it into Nester's side with a demand that he turn over his money. Instead, Nester said, he shut nfT th mnfr .nlwit fa holn of 5 . )- ' the ,t-rv belta, snanshiot