August 31, 1947

Stock prices coasted along last week in the dullest trading in some time. With the month of August ended, there was not a millionshare day in the period, and the transfer of 480,000 shares on Wednesday was the slowest for a full session in three years.

CAMDEN, N.J., Aug. 30 -- Picnic Lunch took the $10,000 added Rancocas Stakes at Garden State Park today. Treated to a splendid ride by Harrison Wilson the filly went off the turn the leader by a slight margin, and added to her margin as she sped to a four-length victory in the sixfurlong event before 33,592 spectators.

A fight on the floor of the American Legion convention today over adoption of the Foreign Relations Committee report is forecast by the filing of a minority report by delegates from Midwest and Mountain states, traditionally inclined toward isolationism.

PETROPOLIS, Brazil, Aug. 30 -- The Treaty of Rio de Janeiro for hemispheric security was formally and unanimously adopted by the delegations of the nineteen nations in the Inter-American Conference here a few minutes before 5 P.M. today.

Construction of the first two of a group of six "Industry Engineered Homes" at the University of Illinois for the purpose of developing methods of reducing the cost of home building was reported by Tyler S. Rogers, president of the Producers Council.