Salt Lake Telegram | 1931-08-15 | Page 1 | The Silver Lining

1 I The Silver Lining Lining Lining-j I Jt By Br United Press Frets NEW YORK Aug 15 Petroleum IS-Petroleum Corporation of Americas America's portfolio gained in value since early June Cleveland Colonel Cleveland Colonel Leonard Ayres sa says business may be helped to early revival by replacement demand New York York John John J. J Raskob says bottom of depression has b been n reached and predicts ts an upturn by December New York York- York American lee Ice company reported largest July earnings In company's history Chicago Wheat Chicago Wheat prices rise on short covering based on reports Russia Rus Rus- sia ala will abandon rationing system stem thus cutting down soviet wheat ex ex- ports Washington Washington Government Government economist mists mist viewed present low tow inventories In particularly In depart department men t stores as favorable omens for future business recovery