Indianapolis Times, Volume 41, Number 69, Indianapolis, Marion County, 31 July 1929 — Page 13

JULY 31, jP2O.

STOCK PRICES 00 HIGHER ON FRESH BUYING Bull Market Sets in From Opening Gong: Call Money Firm.

Average Stock Prices

A - frag* of tvtntv industrials Wednesday aw 343 12, up 3.01. A-. srage of twenty ra: s was 172.63. up 1.68. Average of forty bonds *‘ 93.10, p .01. B■/ I uft. rj p, , . NEW YORK. July 31.—An easier tone in the money market helped the stock market into higher ground today General Electric made a net* record for the present stock, U. S Steel strengthened on its excellent earnings report for the first half of 1929, American Can shot ahead; stocks generally gained one to ten points and a fev; rose to greater heights. It was a small market from the opening gong and trading took on greater activity than on any day this week. The call money rate held at 1 Oper cent, although additional funds were coming into the market, making the tone easier. Spectacular advances occurred in a few issues. Auburn Auto was whiler up 14 jpoints to a peak at 417; People’s Gas rose 22 %to 285, a record; Commercial solvents, 18% to 294, equaling its high, and General Electric 9% to 377. Few Losses Noted Very few' losses were noted. Commonwealth Power sagged more than five points, and a few other losses of a point or so were registered. The tendency was up ward with gains of three points common. United States Steel came within touching distance of its high. Traders argued that the stock would earn $24 a share in 1929 and hence at present prices the issue was selling less than ten times earnings. Independent steels w r ent up with the leader. Copper stocks net better demand, as did rail shares, the latter featured by New York Central. Radio Corporation sold off at mid-season, but, rallied later. Westinghouse soared. Publio utilities were in urgent demand.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Wednesday, Julv 31. $4,024,000; ciesring lor the month ending today. $121,838,000; debits, $7,839.000 debits for the month ending today, $226,346,000. flu United Press CHICAGO. July 31.—Bank clearings, $130,000,000' balances. $12,900,000. NEW YORK STATEMENT F u United Press NEW YORK. July 31.- Bank clearings, ‘1.572.000.000; clearings house balance, ‘164.000.000: federal reserve bank credit balance $147,000,000. Treasury Statement Washington. Juiv 3i—Treasury net balance on Julv 29 was $151,352,017.82. Cn;:eras receipts to the same date totalled $49,022,816.79. FOREIGN EXCHANGE F v United Press NEW YORK. July 31. Foreign exchange closed lower. Demand Sterling $4.84 31-32, off 5-32 c: franc. 3.91 11-16 c off .00 l-16c: lira. 5 22%c, Belga 13.90%c; mark 23 82c. off .01 %c.

On Commission Row

FRUITS Apples—Choice $2 2.25; new Transparent Icy. $3.50® 4: Harvest, $2.50@3. Apricots—s2.7s® 3. Cherries—California, $3.50. Grapes—California, seedless, $4 a crate. Lemons—California, a crate. 58.50. Limes—Jamaica, 100 by count. $3. Oranges—California. Valencia, $3.75@7. Peaches—Hi>y Beles, per bu.. s4® 4.50; Fiberta peaches, $3.75. Plums—s2.7s. Strawberries Home-grown. [email protected]; Michigan. 16-qt . crate. $1.7563. R/. spberries— Michigan, black, $3; red, $3.50® 4. VEGETABLES Artichokes—sl.so a dozen. Asparagus—Home-grown, 65c@$l a doz. bunches. Beans— Green, stringless, $2,50. Beets—Home-grown, doz.. 40c. Carrots—Home-grown, doz.. 50c. Cabbage—s 2 a bu. Cantaloupes—Jumbo. $4.25/7 4.75: pony crate. S3® 3.50; flats. $2. Cauliflower—Home-grown, bu.. $2; Washington. crate. $3.25. Corn—Fancy Texas, per bu.. $2.75; homegrown. 35c dozen. Celery—California, per crate. sl2. Coconuts —$5.50 a bag of 100. Cucumbers—Hothouse, per dozen. 51.25. Eggplant—sl.so62 a dozen; [email protected] a hamper. * Kale—Spring, a bushel. $!. Lettuce —California Iceberg. $5 a crate; home-grown, leaf, a bushel. 85c. Mustard—Per bushel. sl. Onions—Texas yellow, crate. $2.25. Parsley—Home-grown. dozen bunches. 45c Peas —Home-grown. $3 bushel. Peppers—Florida, a crate. s3® 5; Louisi-* ana. a hamper. $2 ,2.25. Potatoes Michigan round whites. 150*bs bag $1.75® 2 Idaho. 100-lb. bag. $2.50; Louisiana, new $3.75©4; Cobblers, barrel. $6 - 5.25. Radishes- Button hothouse, dozen. 50c; Southern lonrt red, 15 / 25c dozen. Rhubarb —3C : 35c dozen. Sweet Potatoes Porto Rican, per hamper $2 50 : 2.65: news $2.25. Tomatoes—Home-grown hothouse. 10-lb. baseker. $1.50 1.75: field. $2 a 20-lb. baskft. Watermelons —Florida. 65c each.

Local Wagon Wheat

Cuv grain elevators are paving $1 25 for No. 2 red whoa! and 51.20 for No. 2 hard wheat Building Permits S V. P'idughe. garage. 4308 Sangster, J'or F P Tompkins. addition. 5524 East Washington. 52.500 H Mason, porch. 1333 West Thirty-first. sf\e S J. Brown, garage. 610 North Keystone. ♦ 250. S. J Brown, garage. 522 North JefferG Bauman, dwelling. T 47 West Walnut, *2 500. T Power dwelling. 3942 Guilford. $7,500. Indianapolis Building and Investment Company, apartment. 1229 West New York. $ 4 000 W. A Grady, dwelling and garage. 1216 C' $6.800. E t‘ Kirch, garage. 55 I_e Grande. 5250. S J. Wright, addition. 17 North Lmwood. 1200 H Bone garage. 1358 Kappas. *250 F Naegele. dwelling and garage. 526a North New Jersey. $'.4,500 S D. Sample, dwelling and garage. 810 p-uith Sherman drive. $2,600 w v Sample, dwelling and garage. 802 South Sherman drive. $..800 dp Sample, dwelling and garage. 806 South Sherman drire. $2,600. SCOUT siLENT LON G EST Kansas Boy Wins Non-talking Marathon Contest. F LEAVENWORTH. Kan.. July 31. There were no feminine entrants L. anew type of endurance contest completed here Tuesday when Harri Michael. 14. Kansas City Boy Scout, established a non-talking marathon record of twelve and one-half hours. Michael out-silenced Major R. A. Ofmun and Robert Kirkwood. 13, both of Leavenworth. The former could refrain from speaking only eleven and one-half hours.

New York Stocks

“ißv Thomson & McKinnon f“

—July 31— ’’rev. Railroad*.— High. Low. V 3°. close Atchison .... .. 350% 243 249 i 251 s Atl Coast Line 196 196 136 I??,-* Balt & 0hi0... .133% 132% 132'a 132', Canadian Pac . .231% 223 22a 228 Chesa & Ohio ..258 258 258 259\ Chesa Corp .... 85 84% 8o 84 Chi & N West.. 93 92 93 90% Chi Grt West... 15% 15- 15 5 a 16‘* CRI4P 135 134 135 133 . Dei & Hudson. .213 .• 211% 213's 210 Dei £ Lacka.... 147 145% 147 147‘2 Erl* 83% 82 , 83 82 Erie Ist pfd 2% 62% 62% 62;, Grt Nor 120 119'2 120 118~* 111 Central 146 146 146 146;, Lehigh Valley .... ... ••• Kan City South 104 \ 108 Vs Lou & Na5h....143 143 143 145% M K & T 58% 38’, 58% 5/% Mo Pac pfd ....140;, 139’, 140 140 , N Y Central 234’, 232*2 234T4 230*2 NY 1 NH ‘iv & H. L '.!li3 ii2‘, 112'. U} 3 * Nor Pacific ....Ill’s 110 1 * 110*2 111 Norfolk A: We5t..252 252 252 253 Pere Marquette 199 196•/ 199 • - Pensylvanla ... 95 94 94% 93’ Reading 120’., 120 120 119-8 Southern Ry ....154’. 153 154 2 Southern Pac .. 143*, 143 143 , 143. St Paul 38’, 38*2 38 2 38 a St Paul pfd 59 58' 58'.*2 58 -* itL&s w p::;:iji*. Union Pacific ...26i 268 268 2 26< .* West Maryland . 46% 45 * 45 , 44 a Wabash 72‘2 72*2 72*2 1 2 4 Rubbers— Alax 5 5 5 4% Fisk 7’, 74* 74* <% n nnd rich . ...... 76‘h <s‘ 2 *" /s Goodyear . .....HO’s 119*2 120’, 119 = , Keily-Spgfld 13‘, 12% 13 12, a Lee ........ 13‘2 lJ 10/2 United States.... 48 47% 47% 484, F.qulpments— Am Car fz Fdy..101% 101 3 , 101 *l4 JOD* Am Locomotive 128 128 128 128 Am Steel Fd ... 66 63%. 64% 63 Am Brake 58 56’* 57% 56% General Elec ..STS’. 368*. 373 36/ 2 Gen Ry Signal..ll7% 115% 115% 115 2 Gen Tank 96% 95*,'2 96*2 95 2 N Y Airbrake.. 44% 44% 44% 44% Pressed Stl Car.. 18*, 17’, 18* 17% Pullman 87% 86*2 86% 86 2 Westingh Alrb... 53% 52*4 52 % 53 Westlngh Elec ..203% 199% 203% 198 Steels— Bethlehem 123’, 122 123% 122% Colorado Fuel.. 69*2 67% 68V2 66% Crucible ... ....104 101% 103% 161% Gulf States Stl.. 72% 72 72 7f% Inland Steel .. ... ?4 Otis 48% 47% 48 47% Rep Iron & 5t1..112% 110% 111*. 109%, U S Steel 208% 205*2 207% 206% Alloy 55 54V* 54% 53% Youngstwn Sti.. .. .•■ •••.. 154% Vanadium Corp.. 90% 88% 89% 88% Motors— Am Bosch Mag.. 60% 60*1 60% 61% Briggs 33% 33% 33 < 32, Chrysler Corp .. 74 72% i2 * 1-* Graham Paige .. 27*2 26% 26 , 26 , Gabriel Snbbrs.. 21% 21’, 2J% 21% General Motors.. 72% *O% 71% 70 Hudson 86 84% 85 2 84 2 Hupp 41% 41 41% 40% Auburn 417 406 417 403 Mack Motors... 97 96 96 97% Marmon 90’/, 88% 88% 37 4 Reo 21 20 V, 21 20 % Motor Wheel .... 52*% 51% 51% 52% Nash 86*% 85 86*4 84 Packard ........132 . 130% 131% 1-30 1 4. Murray B 89Vi 88 88 89 Pierce Arrow .... .. • Studebaker Corp 77% 76% 76% <6;, Stew Warner .... 72 71 71 70 2 Elec S Batery... 84% 83% 84% 80% Timken Bear ....100% 100% lOOV4 98. Willys-Overland.. 25 24% 24% 24% Yellow Truck... 38V, 37%, 38, 37 White Motor .... 39% 39% 39% 39% MiningAm Smlt & Rfg.,111% 110% 111 110% Anaconda Cop ..115% 113% 113 b 113 , Calumet & H 41% 41% 41% 41% Andes 51% 51 ssl 51, Nev Cons 45’’, 44% 45% 44% Inspiration Cop.. 43% 43% 43% 42 a Int Nickel 48% 47% 47% 42 ,2 Kennecott Cop.. 86% 85% 86*/, 85,2 Sui::-72% 72% *72% 72*2 U S Smelt 54% 53% 53% 53% Oils— Atlantic Rig .... 57% 66% 67 67% Barnsdale 37'% 37V, 37% 37/s Freeport-Texas... • ••, ’2/8 Houston Oil .... 73 72% 72% i5 Indp Oil & Gas.. 31% 31% 31% 31% Contly Oil 30Vi 30 30% 30 2 Mid-Conti Petrol .. . • 32% 32 2 Pan-Am Pet iß> 60% 60*, 60% 60% Phillips Petrol.. 36% 35% 36% 37 Prairie Oil 52 51% Prairie Pipe , • 59“ s Pure Oil 25*% 25% 25V* 25*% Richfield 40 39% 4040 Shell 26% 26‘s 26*4 26% Simms Petrol 33% 33’% Sinclair Oil ... 34% 34 34% 34 Skelly Oil 41% 41 41% 40% Sid Oil Cal 73 71% 73 70% Std Oil N J .... 57% 56% 57 , 56% Std Oil N Y 39% 39% 39% 39% Texas Corp 62 61% 62 61% Transcontf .... 11% HVs 11% 11% White Eagle .... .. ... 33*2 32% Industrials— Adv Rumely 37% Allis Chalmers ..279 275 279 2il Allied Chemical 311*2 310 310*. 305_ Armour A 11 10** 10’* .10;, Amer Can 150’s 158% 158% 157’a Am Roll Mill ... 124*8 Borg Warner ...114% 112% 113 112% Alleghany 50% 50% 50% 50% Am-Safety Raz.. .. ... 65*2 65% Amer Ice 46% 46 46*2 45% Am Wollen .... 18 17% 18 Curtiss 159*2 159’4 Coca Cola 149% 147’, 148’* 146’., Conti Can 78 76% 77% 77% CertaintSed .... 31% 30% 31 30*2 Congoleum 24% 24 24% 24% Davison Chem .. 53% 51 % 52 52% Dupont 191*2 188*2 189% 189% Famous Players 67% 66% 66% 67 Gen Asphalt .... 89% 89 89% 87% p’ox (A) 89*4 88 88*2 87% Gold Dust 64 5 , 63*2 64% 63% Glidden 80% 60% 60% 59*2 Int Harvester .. 12* ■% 120* 2 121% 121*2 Lambert 147% 146 146’, 146’* Loews ... ... 57 Roister 32 32 Montgom Ward 112% 110% 111% 109% Natl C R 127% 125% 126 125*, Pittsburgh Coal.. .. ... 66 Radio-Keith 37 35% 35% 35% Radio Corp .... 86% 85% 85% 85% Real Silk 81% 79% 79% 81 Rem Rand .... 50% 49 49% 48% Sears Roebuck ..164*2 163 163*2 161’, Union Carbide ..116% 115*, 166 115% Warner 8r05.... 57’, 57 57 57*, Univ Pipe ..... ... ... ... 11 U S Cc Ir Pipe 29 29% U S Indus Alco.. 180% 179% 170% 180 Un Aircraft 132’, 129% 131% 128% Woolworth C 0... 90*2 89% 90*2 89 Utilities— Am Tel & Te1...267% 266*2 266% 265 Am F Power 137% 133% 136 * a 132 Am Wat Wks 131 129 * i Brklvn-Manh T ... ... 59*,, 59% Col G<N E 91% 90*2 90% 89*4 Consol Gas 146*4 145*, 145% 143% Elec Pow A- Lt.. 81*2 79% 80% 79 United Gas ... 56% Nor Am Cos 177% 178% 176% 167’, Pub Serv N J ..117% 115% 117 115 S Cal Edison ... 71% 69 71 68% United Corp .... 68% 67% 68*2 67 Std Gas A- E1...135*2 133% 135*2 131*2 Utilities Power.. 56*2 54*2 56% 54% West Union Tel 214% 213 Shipping— Am Inti Corp... 75% 73% 73% 72% Am Ship & Com 3% Atl Gulf &W I ... . 61% 61 Inti Mer M pfd. 28% 27% 27% United Fruit ...119*2 117*a 117*2 119 Foods— Am Sug Rfg .., ... 84 Kroger 88% 87*2 88% 86% Purity Bakeries 142 139*2 142 159% Beechnut Pkg 83 California Pkg.. 78’, 78% 78*, 78’, Corn Products.. 99% 98*2 99*, 99*4 Borden 94 93*4 94 92% Cuban Am Sug . . ... 13% 13’, Fletschmann Cos. 93*4 92 % 93 93 Grand Union 26% Jewel Tea 78*4 75*2 78*4 74% Kraft 53 92% 53 52 % Natl Biscuit .. .. 198 Postum Cos .. . 74*4 73% 73% 73% Ward Baking B 11*, n Tobaccos— Am Sumatra ... 43’, 43% 43’, 43% Am Tob B 177% 176*4 177% 177% Con Cigars 68 67% 67*2 67*-> Genera! Cigar .. 71 TO 3 , 70% 70% Lig A- Meyers . . 86% Lorillard 24*, 24 24 24 R J Reynolds... 54% 54% 54% 54% Tob Products B. 13 s , 13% 13*- 13% United Cigar St. 14*, 14 14 14% Schulte Ret Strs 20% 20*2 20% 20% INDIANAPOLIS MEN SEEK AIR MAIL STOP Southern Cities Compete as Aviation Centers. Clifford L. Harrod, industrial commissioner and general manager of the Chamber of Commerce: Clifford G. Dunphy, secretary of the wholesale division of the chamber. and Capt. H. Weir Cook of the Curtiss Flying Service, Inc., will meet Thursday with an interdepartmental committee of the Postoffice and Commerce Department in Washington to urge the acceptance of Indiaanpolis as a stop on the proposed New York to St. Louis air mail roue. Louisville, Ky., and Cincinnati, 0., are urging that they be the stops instead of Indianapolis and Columbus. 0., and large delegations from the southern cities are expected to be present at the hearing.

PORKERS HOLD STEADY PRICES AT CITY YARDS Cattle Slow and Mostly Steady: Sheep Are Active. July Bulk. Top. Receipts. 24. $11.704712.25 $12.25 5,000 25. 11.854/ 12.40 12.40 5,000 26. 11.8041,12.15 12.15 9,500 27. 11.40® 12.15 12.25 3,500 29. 11.2541 12.00 12.15 5,000 30. 11.253 12.00 12.00 6.000 31. 11.25512.00 12.00 5,000 Hogs were back to steady prices today at the city stockyards. Receipts were 5,000 and holdovers 1,134. The bulk, 140 to 260 pounds, were selling at $11.25 to $12.00. Cattle were slow’ and mostly steady; Steers sold at sl2 to $14.75. Vealers were little changed, selling at $16.50 down. ' Sheep were active to steady, better grades selling at sl2 to $13.50. Fat ewes brought $4.50 to $6.50. Throwouts sold at $9 to sll. Chicago hog receipts were 14,000 including 3,000 directs. Holdovers were 11,000. Early bids and sales were 10 to 15 cents higher than Tuesday’s average; $lB paid for choice 180 to 200-pound weights. $11.05 paid for 200 to 250-pound averages. $10.90 paid around 300 pounds. Cattle receipts were 8,000; sheep, 10,000. Indianapolis hog prices today were: 250 to 350 pounds, $10.50 to $11.35; 200 to 250 pounds, $11.35 to $11.85; 160 to 200 pounds, sl2; 130 to 160 pounds, $11.50 to $11.75; 90 to 130 pounds, $10.75 to $11.25; packing sows, $9 to $9.75. Beef steers. sl2 to $14.75; beef cows, $8 to $10; low cutter and cutter cows, $5.50 to $7.50; vealers, $15.50 to $16.50; heavy calves, $7.50 to $12.50; bulk stock and feeder steers, $9 to sl2. Top fat lambs, $13.50; bulk fat lambs, sl2 to $13.50; bulk cull lambs, $8 to $10; bulk fat ewes, $4.50 to $6.50. —Hogs— Receipts. 5,000 market, steady. 250-350 lbs $10.50® 11.35 200-250 lbs. [email protected] 160-200 lbs 12.00 1304/ 160 lbs 11.504/ 11.75 90-130 lbs 10.75® 11.25 Packing sows B.oo® 9.75 -CattleReceipts, 1,000; market, steady. Beef steers [email protected] Beef cows [email protected] Low cutter and cutter cows . 5.50® 7.50 Bulk stock and feeder steers .. [email protected] —Calves— Receipts, 500; market, steady. Best veals $15.50® 16.50 Heavy calves 7.50® 12.50 —Sheep— Receipts, 1,000; market, steady. Top fat lambs $13.50 Bulk fat lambs [email protected] Bulk cull lambs B.oo® 10.00 Bulk fat ew'es 4.50@ 8.50 Other Livestock Bu l nited Press CHICAGO. July 31.—Hogs—Receipts, 14,000; including 3,000 directs; mostly 155/; 20c higher on hogs over 160 lbs.; top, $19.50; bulk or goodly choice. 170-220 lbs., at $11.70@12; 250-290 lbs., 3115/.11.40; packing sows, $9.75@10; butchers, medium to choice, 250-350 lbs., $10.50@11,45; 200-250 lbs., $11,104/12.05; 160-200 ' lbs., $11,254/; 12.15; 130-160 lbs., $115x12; packing sows, $94/10; pigs, medium to choice, 90-130 lbs.. $10.75® 11.50. Cattle—Receipts, 8,000; calves, 200; few good loads of strictly grain fed steers, yearlings, fat cows and heavy heifers, about steady; all other grades and classes semi-demoralized with bids and general undertone unevenly lower; early top. $16.50; slaughter classes, steers, good and choice, 1300-1500 lbs., $13,505/16.75; 1100-1300 lbs., $13,254/16.75; 950-1100 lbs., sl3® 16.50; common and medium. 850 lbs. up. $94/ 13.25; fed yearlings, good and choice, 750-950 lbs., $135/16; heifers, good and choice, 850 lbs. down, $13@15; common and medium, sß®-13; cows, good and choice, $8,504/ 12; common and medium, $6.75® 8.50; low cutter and cutter, $5,754/ 6.75; bulls, good and choice, beef. $9,504/. 11.50; cutter to medium, $7®10.50; vealers, milk fed, good and choice, $134/ 15.75; medium. $12®13; cull and common, sß® 12; stocker and feeder steers, good and choice, all weights, $11.75® 13.25; common and medium, $94/11.75. Sheep—Receipts, 10,000; market, active, steady to strong fat natives mostlv $3.25; few, $13.50; good range lambs, $134/ 13.25; choice kinds around $13.75; fat ewes steady. $54/.6.50; feeding lambs, quoted steady. Lambs, good and choice, 92 lbs. downi $12,754/ 13.75; medium, $11.25® 12.75; cull and common. $8.25® 11.25; ewes, medium to choice, 150 lbs. down, $4,755/6.50; cull and common, $2,500 5; _ feeder lambs, good and choice, [email protected]. Bu Vnited Press EAST BUFFALO, N. Y., July 31.—Hogs— Receipts, L 300; holdovers, 4,300; market, fair® active to packers. 25® 40c below Monday's average; 250-350 lbs., $11.15®; 11 75' 200-250 lbs.. [email protected]; 160-200 lbs, sll4/ 12.25: 130-180 lbs., sl2® 12.25; 90130 lbs., sl2® 12.25; packing sows. $9.90® 10.25 . Cattle —Receipts, 175; market, steady at week’s decline; calves, receipts 400' market slow, weak to 50c lower; beef steers, $13.50® 15.25; light yearling steers and heifers, $14.50018.25; beef cows $9.25 4/ 10; low cutter and cutter cows. $5,254/; 7.75; vealers, sl7® 17.50- Sheep—Receipts, 100; market steady; bulk fat lambs, $135/, 14: bulk cull lambs, §lo® 11.25; bulk fat ewes, s6® 7. Bu United Press LOUISVILLE. Kv., July 31.—Hogs—Receipts, 500; market steady; mediums and lights. 130-260 lbs., $10.85011.70; extreme heavies. 260 lbs. up. $11.20; pigs, 130 lbs. down. $7,605/9.85; stags and throwouts. $8.50 4/9.10. Cattle —Receipts, 200; market weak; prune heavy steers, [email protected]; heavy shipping steers. $10.50® 12; medium and plain steers, $94/10.50; fat heifers, sß@l2; good to choice cows, $7.50® 9; medium to good cows, $6.50®7; cutters, $6®6.50; canners, Ss'</5.50; bulls, 57.504/ 9: feeders, s9® 11.50; Stockers, $8 u 10.75. Calves—Receipts, 300; market, outs steady, others 50c lower; fancy calves, $13.50; good to choice, $124/ 13; medium to good, slo® 12; outs, $lO down. Sheep—Receipts, 1,500; market steady; ewes and wethers, $12.50; bulk lambs, $11.50; seconds. $8; sheep. $4.50® 5.50. Tuesday’s .shipments: Cattle, 426; calves, 150; hogs, 150 sheep. 2,003. Bu United Press TOLEDO. July 31. Hogs—Receipts, 200: market, steady' to 25 cents higher; heavies, $10,754/ 11.25; mediums. $11.75®/ 12; Yorkers. $11,904:12.15; pigs, $11.75® 12. Cattle—Receipts, light; market, slow. Calves—Receipts, light: market, strong. Sheep and lambs —Receipts, light: market, slow. Bu United Press PITTSBURGH. July 31.—Hogs—Receipts, 1.200: market, fullv steadv: 250-350 lbs , $11,254/ 12: 200-250 lbs., $11'[email protected]; 160200 lbs.. $12,404/ 12.50; 130-160' lbs., sl2® 12 50; 90-130 lbs., $11.754112.25: packing sows. $9.50310. Cattle—Receipts, none; calves, 75; slow, beef steers, $U.50@?5.25; iight yearling steers and hei’ers, sll® 14.50; beef cows, $7.75010.50; low cutter and cutter cows, [email protected]; vetlers. sl4@ 17: heavy calves. sll3 15. Sheep—Receipts, 300; ma'rket, weak: 25c lower top fat lambs. $13.25; bulk fat lambs, sl2® 13: bulk cull lambs, $8@10; bulk ewes, [email protected]; bulk yearlings, s9@ll. Bu United Press CLEVELAND. July 31.—Hogs—Receipts, 1,300: holdovers, 289: market, steady, 10c higher; sows and stags weak, 25c lower; 250-350 lbs., [email protected]; 200-250 lbs.. $11.40312.25; 160-200 lbs., [email protected]; 130-160 lbs.. *12.10® 12.35; 90-130 lbs., $12.10 4/12.35: packing sows, [email protected]. Cattle— Receipts, 525; calves. 400; market, steers, dull; cows, easier; vealers. weak; spots 50c lower; beef steers. s9@ll; beef cows. sß®. 9: low cutter and cutter cows. s6@7; vealers. $14316. Sheep—Receipts, 500; market, draggv on all but a few choice lambs- sheep, steady; others, steady; top. fat lambs. sl4. bulk fat lambs, sl3; bulk fat ewes, $6 67. B 'CINCINNATI. * July 31.—Ko^s— Receipts. 1 400- holdovers. 1.449: marxet steady; 250-350 lbs.. $10.50611.50 : 200-250 lbs.. $11.35612; 160-200 lbs., $11.75 612; 130-160 lbs. $11.50611 75: 90-30 lbs.. $10.50011.75: packing sows. 58.75519.50. Cattle—Receipts. 325; calves. 275; market, veals 50c lower: light yearling steers and heifers. $lO6 14.50; Wf cows, [email protected]; low cutter and cutter cows. $5,503*7; vealers. $13616; bulk stock and feeder. $9611. Sheep—-Receipts. 1.700: market steady; tep fa tlambs. 513.50: bulk fat lambs, $12.50@ 13.50; bulk cull lemha. $9610: bulk fat ewe*. $4<56.M 5 i fc/L

THE INDIANAPOLIS TIMES

Produce Markets

Butter (wholesale/—No. 1, 456 47c; No. 2. 33 :45c. Butterfat—Lb.. 43c. Cheese (wholesale selling price per pound-—American, loaf, 35c; pimento loaf. 40c: Wisconsin firsts, 25c; prime cream, 37c; Daisy, 25c: Longhorn. 26c; New York limberger. 30c. Eggs—Buying prices: Fresh delivered at Indianapolis, loss off No. 1,32 c; No. 2,24 c. Poultry (buying prices)—Fowls, 27c; Leghorns hens, 18c; broilers full feathered, 28c; broilers, bare back. 23c; Leflhorns, 25c; old roosters, large 15c; small 10@13c; ducks, 12© 14c; spring guineas. 30c; turkeys, No. 1 young toms. 12 lbs. and up, 35®.38c: No. 1 young hens, 25c a lb.; No. 1 told toms. C2@2sc; No. 2 old hens. 25® 30c a lb. Bu United Press , _ _ CLEVELAND. July 31.—Butter—Extras. 42 7 43c; seconds. 41® 42c. Eggs Firsts, 32c: ordinaries. 29c. Poultry—Heavy fowls, 30@31c; Leghorns, 244; 26c; Ileghorn broilers, 25c; spring ducks, 20@25c; old cocks, 204/21A EXPECT RECORD WHEATACREAGE Small Old Crop Carry-Over and Prices Responsible. Bu United Press TOPEKA, Kan., July 31.—Kansas farmers, due to the recovery in wheat prices and probable small old crop carry over, are expected to sow a record acreage of wheat this fall, according to a report today by J. E. Jarrell, head of the agricultural department of the Santa Fe railway. Jarrell estimated a record acreage of 13,000,000 acres, compared to 11,500,000 this year. An early estimate of 145,000,000 bushels this year still is expected by Jarrell, despite bad conditions shortly before harvesting. The Kansas corn crop has been reduced by unfavorable spring weather, according to Jarrell. The Missori corn crop, Jarrrell said in his report, has improved in the last month. Prospects are for a yield of 150,000,000 bushels in Missouri. This year’s Oklahoma wheat yield is estimated at 35,000,000 bushels with a good outlook for corn and cotton. Texas has a cotton crop of 18,500,000 acres and harvested approximately 40,000,000 bushels of wheat, the report said. The Nebraska wheat yield is estimated at 55.000,000 bushels, and the prospects for corn are 235,000,000 bushels.

Indianapolis Stocks

—July 31Bid. Ask. American Central L Ins C0....800 ... Belt RR & Yds Cos com 63% 68% Belt R R & Yds Cos pfd 57 61 Belt RR & Yds Cos pfd 108% ... Bobb’s Merrill 33% 3a Central Ind Power Cos pfd... 93% 98 Circle Theater $.....108% ... Cities Serv Cos com 47% ... Cities Serv Cos pfd 96% ... Citizens Gas Cos com 32 Citizens Gas Cos pfd 96 Commonwealth L Cos pfd 100 Equitable Sec Cos com 45 Hook Drug Cos com 43 ... Horuff Shoe Corp com 16% 17 Ind Hotel Cos Claypool c0m.... 125 Ind Hotel Cos pfd 100 Ind Serv Corp pfd 84 Indpls Gas Cos com 59% ... Indpls & Northwtn Tr Cos pfd. 5 ... Indpls P & L pfd 101 103 ■ Indplfe Pu Wei L Aun com... 51 Indpls St R R Cos pfd 24 27% Indpls Wa Cos pfd 99 ... Inter Pub Ser pr li pfd 101 10a Inter Pub Ser pr 11 pfd 105 105 Merchants Pub Util Cos pfd. .101 Metro Loan Cos 100 Northern Ind Pub S G pfd 7s. .106 ... Northern Ind Pub S C pfd 6 .. 97 101% Prog Laundry Cos com 43% 51 E Rauh & Sons Fert Cos pfd... 50 Real Silk Hosiery Cos pfd—... 98 Standard Oil of Ind 53% .., T H Indpls & Tr Cos pfd 5 T H Trac & L Cos pfd 90 ... Union Trac Cos com % Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd % Union Title Cos com 50 ... V Camp Prod Cos Ist pfd 96 100 V Camp Prod Cos pfd 92 —Bonds— Bid. Ask Belt R & S Y Cos 4s 85 Broad Ripple Trac Cos a5...... 65 Cent Ind Gas Cos 5s 98 * Central Ind Power Cos 6s 98 Chi S B & N Ind Ry Ist os Citizens Gas Cos 5s 100 102 Citizens Street Railroad 5s ... 69% ... Gary St Ry Ist 5s 80 80 Home T & I of Ft. Wayne 65.101% ... Indiana Hotel Cos 5s 100 Ind Northern Trac Cos 5s 4 Ind Railway & Light Cos 55.... 95% ... Indiana Service Corp 5s ... Indpls Power and Light Cos., 98 99 Indiana Union Trac Cos 5s ... 4 ... Indpls Col & Trac 5s 98 100 Indianapolis Gas Cos 5s 98 Indpls & Martinsville, T Cos 5s 16% ... Indpls. No Trac Cos 5s 9 Indpls & N W Trac Cos as 16 Indpls Street Ry 4s 52% 54 Indpls Trac & Terminal Cos ss. 92 Indpls U Ry 5s J 1965 A 8....101 ... Indpls Water Cos 5%s 1953...100 Indpls Water Cos 6*?2S 1954..100 Indpls Water Cos lien tz ref ss. 93% ... Indpls Water Cos 4%s 92 95% Indpls Water Works Sec Cos.. 85 ... Indpls Water Cos 4%S 93 95% Interstate Public Service 4%s 88 Interstate Public Service Cos 5s 95 No Ind Pub Service Cos 5s 97 No Ind Telegh Cos 6s 1931 98 99% T H & E Trac Cos 5s 50% .. . T H Trac and Light Cos 55.. 90 92 Union Trac of Ind Cos 65..... 11 ... Government Bonds Liberty Loan Ist 3* 2S 96.50 96.70 Liberty Loan Ist 4*4s 98.84 99.04 Liberty Loan 4th 4*4s ...... 98.84 99.04 U S Treasury 414s 107.14 107.34 U S Treasury 4s 102.06 102.26 U S Treasury 3%s 100.40 100.60 U S Treasury 3%s 96.96 97.16

In the Stock Market

(By Thomson & McKinnon 1 NEW YORK, July 31.—The earnings report of the steel corporation exceeded the most optimistic expectations and it is extremely doubtful if the markets were prepared for unofficial intimations that; executives expected the last six months to equal if not to surpass the first six months. An extra dividend or an increase in the regular dividend is being taken for granted before the end of the year, inasmuch as the corporation’s stock is selling at barely ten times earnings we seriously question if it has even remotely discounted its possibilities. Another piece of good news is the decision- of the attorney-gen-eral of New York state that public utility mergers thus far consummated are within the law. If credit conditions were formal these factors would be sufficient to justify considerable optimism upon the part of investors, but with the probability that the English bank rate is about to be advanced and that time money is again approaching the year’s high point, the best that can be anticipated is a more orderly advance with the possibility of occasional moderate setbacks. We are inclined to believe that a large potential buying power is being restrained until we have clearer signs of betterment in the money market. Meantime we look for the better class of stocks to meet excellent support during periods of weakness. In the Air Weather at 9:30 a. m. at Indianapolis airport: West wind, five miles an hour; temperature, 84; barmetric pressure. 29.87 at sea level; ceiling and visibility unlimited; field good.

WHEAT DROPS ON REPORTED LARGE SUPPLY Corn and Oats Up Sharply on News of No Rain and Firing. Bu United P'esa CHICAGO, July 31.—Wheat continued its drop this morning due co unloading by traders worried over large supplies in primary storage. Corn jumped up as reports of no rain and some firing came in from the western corn belt. Oats came up independent again of wheat, which it has been reacting with for some days. At the opening wheat was unchanged to % cent down; corn was up Vs to 2% cents, and oats were up H cent. Provisions were unchanged. Heavy Selling Heavy selling by local houses, Winnipeg and Eastern traders, put a heavy load on the market which forced wheat prices sharply lower Tuesday and while reports from the northwest remain sensationally bullish this seems to have no reaction on the trade. Most traders are of the opinion that prices will go higher but are waiting for export sales to come in. Liverpool was lower due to market conditions here. Corn continues to be dominated by wheat though reports from the western belt say good soaking rains are needed at once. Higher prices are expected soon. Oats showed some independence Tuesday but reacted with the major grains late. Australia bought oats here late in the day which seemed to confirm reports of drought and shortage of grain. Chicago Grain Table —July 31WHEAT— „„ P rev - High. Low. 11:30 close. September .. 1.47 1.42% 1.46% 1.43% December ... 1.54%.1.50% 1.53% 1.51% March 1.59V* 1.55% 1.38% 1.56V* September .. 1.07’,* J-04% 106% December .. 1.03% 100% J-03 }-00 n. March 1.06-’* 1.04% 1.06/2 1.04 September .. .52% .50% .52* 2 .50% December ... .57% .54 .57 .54 8 March 60 .59!* .60 .38 September .. 1.13*4 1-10% J-13 December .. 1.19V* 1.174* 1.19 1.14/b September 12 - 15 12 - 10 October r . 12,35 12.25 12.32 12.25 December .. 12-35 12.35 RIBS 17 25 September Bn Times Special CHICAGO. July 31. —Carlots: Wheat. 958; corn, 148; oats, 52; rye, 5, and barley, 14. July 31. —Cash grain close: Wheat-No. 2. $1.43® 1.44 Corn—No. 2, $1.12*%© 1.13%. Rye—No. 2, $1.16. Oats— No. 2, 55* 2® 56%c. Barley—No. 2 72c. Clover —Domestic, old. sl6: imported, old. $12.75. Timothy-Old. 52.60; Dec $2.35. Alsvke—Oct., $11.90: Dec., $12.40. Buttet 43® 47c. Eggs—32© 34c. Hay—sl.2s cwt.

The City in Brief

Accused of fishing on private property and having a quart of alcohol in a bag near by, Carl Tanner, 25, Negro, 1202 North Senate avenue,’ today faced blind tiger and trespass charges. He was arrested Tuesday in Eagle creek bottoms, near Clermont. Mrs. Attie Crinshaw. 37. Negro. 701 West St. Clair street, is in city hospital with hip injuries sustained when she tripped on a curb while running to escape being struck by an automobile in front of her home Tuesday night. C. A. Tevebaugh, state secretary of the Young Men’s Christian Association, will speak on “What Your Life?” at the weekly meeting of the Bible Investigation Club at the Central Y. M. C. A., Wednesday evening at 6:20. Charles Frank. 5710 East Thirtieth street, in whose home deputy sheriffs are said to have seized a quantity of liquor Monday, was fined SIOO and given a suspended jail sentence of thirty days in municipal court four Tuesday. Dr. James H. Peeling, chairman of the social science department of Indianapolis Teachers’ college, will give an interpretation of the recent Chinese-Russian difficulties at the college at 9*50 Thursday morning. The meeting is public. Past and present employes of the Central State hospital will gather for the twenty-fourth annual reunion and.picnic at Brookside park next Sunday afternoon. According to Police Captain Leonard Forsythe, about 150 persons usually attend the picnic. The Lawrence county reunion will be held Sunday at Brookside park, A. F. Dalton, president, announced today.

EXPERT TRUSS FITTING AT 129 W. WASH. ST. STORE Abdominal Supports and Shoulder Braces HAAG’S CUT-PRICE DRUGS

DIXIE HOTEL & RESTAURANT 547 E. Market, Cor. Liberty Strictly Modern Hotel Restaurant—Dancing:

JiormanS .Blue Bird 4 Set of BUJI tl&mv

Michelin Tires On Credit PUBLIC SERVICE TIRE CO 118 E. New York St.

■ II - I .1 ■:.!

No Airplane: Gets the Air Bu United Press LOS ANGELES, July 31.—When young Alfred L. Barnes built wonderful air castles for the girl he wanted to marry, she listened and married him when he promised her an airplane. For six days after the marriage, according to Mrs. Hazel Barnes, she waited for the airplane, which was not forthcoming. Then, she declares, she found out that her husband lacked even a job. Mrs. Barnes took her grievances into superior court and wants either an annulment of her marriage or a divorce. Leaves on Tour Walker Winslow, sales manager for the Curtiss Flying Service of Indiana, left today for a flying tour of the northern part of the state. He returned Monday night from Seymour. Stops in City Clarence McGuire, instructor in the Embry-Riddle flying school at Cincinnati, stopped here on his way to the home field from Moline 111., where he had received anew Monopret. He was accompanied by a student. Makes Short Visit Lieutenant H. G. Crocker, piloting an O-l-B flew here Monday from the Fairfield Air Depot. He was acPTOMAINE POISONING BELIEVED DEATH CAUSE Funeral Services Thursday for Mrs. Sadie Summers. Funeral services will be held at 2 p. m. Thursday for Mrs. Sadie Summers, 46, of 2521 Central avenue, who died Tuesday afternoon at the Methodist hospital. Burial will be in Crown Hill cemetery. Death was believed due to ptomaine poisoning. An examination was conducted today to definitely determine the cause. Mrs. Summers was a lifelong resident of Indianpolis, attending Shortridge high school and Indiana university. She is survived by four children, Harriet, Mary, William and Frank Summers; her father, W. W Spencer, attorney, and four brothers, Herbert M. Spencer, city prosecutor; Arnold and Horace Spencer of Indianapolis, and Albert Spencer of Jacksonville, Fla. CITIZENS TALK ROAD Municipal Airport Highway Interests West Siders. The opening of Oliver avenue from the city to the Bridgeport road, along the north side of the municipal airport, will be discussed by west side citizens, most of whom are members of the Enterprise Civic League, Friday night at 3 at the Trinity M. E. church, 625 Division street.

THE NEW GOTHAM LIMITED One hour faster to New York Leaves Indianapolis 11:00 P. M. Arrives New York 6:50 P. M. One Hour Faster to Pittsburgh—Overnight Service NEW THROUGH SERVICE to NEW ENOEANO on the SPIRIT OF ST. LOUIS ON July 7 the Gotham Lini- Also on July 7, the Spirit of troit and Columbus. The Grand ited becomes an 18 hour-50 St. Louis—one of the premier Rapids sleeper, heretofore leavminute train to^ New York, one Pennsylvania 19-hour trains to ing Indianapolis at 7:30 P. hour and ten minutes faster New York —begins the most will leave at 10:00 P.M., with the than ever before! Equal in speed attractive through-car service same arrival time in Grand to the famous Pennsylvania fly- to Southern New England ever Rapids—7:so A.M. *J - * ers: The American, and Spirit of offered! Leaving at 5:05 P. M., New sleeping car to Alcron and St. Louis. it arrives at Bridgeport,Connect- Cleveland leaves Indianapolis , _ icut, at 3:08 P.M. the following 7:30 P. M. Parlor car service The Gotham Limited offers you day, New Haven 3:32 P. M., New now available to Dayton, Co* club and observation car facd- London 4.43 p. M., Providence lumbus and Pittsburgh on 7:50 ities for the delightful daylight 6 :15 P. M., Boston 7:20 P. M, A.M. train. . „•$ -i tript oug te. eg emes. An additional/ost train leaves Four additional good trains The Gotham Limited provides Indianapolis at 10:00 P. .VI., to New York leave Indianapolis anew, unequalled overnight reaching Columbus 3:40 A. M., at 3:25 P, M., 7:30 P. M., 10:00 service to Pittsburgh— one hour Pittsburgh 8:40 A. M. This train P. M., and 7:.->0 A. M. and ten minutes faster than any will provide overnight sleeping Note the fast schedules now of previous overnight service. car service to Grand Rapids, De- the great iimiteds to the East. THREE GREAT LUIITEDS TO TIIK EAST THE AMERICAN SPIRIT OF ST. LOUIS GOTHAM LIMIT ED Lv. Indianapolis 2:00 Lv. Indianapolis 5:05 P.M. Lv. Indianapolis 11 :00 P.M. Ar. Philadelphia 8:05 A.M. Ar. Philadelphia 11KH) A.M. Ar. Pittsburgh 8:45 A.M. Ar. Baltimore 9:05 A.M* Ar. Baltimore 11:03 A.M. Ar. Philadelphia 5:00 P.M. Ar. Washington 10:05 A.M. Ar. Washington 11:59 A.M* Ar. Washington 6:40 P.M. Ar. New York -* 9:50 A.M. Ar. New York 12:55 P.At. Ar. New York 6:50 P.M. {Standard Time ) THEY CARRY YOU SWIFTLY, SAFELY, AND ON TIME For reservations call Riley 7353 , J. C. Millspaugh, Divi - Askaboutour personally conducted 111-Ex-sion Passenger Agent, 116 Monument Place, Indianapolis - pense Tours through the Historic hast Pennsylvania Railroad

eompanied by Major H. Rendon, who made a short inspection and then flew back to Ohio. New Ryan Here Former movie stunt flier. “Red” Harrigan, who is at present test pilot for the Mahoney-Ryan Aircrait corporation, of St. Louis, has brought anew Ryan six-passenger ship to the Capitol Airways, state distributors for the plane. Harrigan, accompanied by H. L. Griffin, also connected with the company, will give demonstration flights in the new plane. Births Girls John and Margaret Barnes. 1026 Udell. Harvey and Kola Neal. 210 Trowbridge John and Viola Drake. 238 North Dorman. Raymond and Margaret Von Miller. 215 Eastern. Roy and Wilma Rothcrock. 11C8 North Euclid. Minor and Maudie Shaffer. 1145 Pleasant. Hubert and Helen Weaver. 1205 Spann. Harold and Ruth Morgan. Methodist hospital. Harry and Carolvn SuSsman. Methodist hospital. Hollis and Harriett Dea Kvne, Methodist hospital. George and Dorothy Green, Coleman hospital. Horace and Julian Collins, Coleman hospital. Glendon and Nina Towles. 840 North Chester. Boys Carl and Ethel Allen. 335 Merrill. Albert and Ruby Willson, Christian hospital. Roswell and Margie Embry, Methodist hospital. Harry and Elizabeth Wieck, 2822 North New Jersey. Henry and Edna Weber, Coleman hospital. Ralph and Gladys Vetter, Coleman hospital. Oscar and Fannie Poynter, Coleman hospital. John and Mary Miller, Coleman hospital. Orville and Clara Korn, Coleman hospital. Hugh and Hazel Kolcheck. Coleman hospital. James and Lula Cissell, Coleman hospital. Glenn and Dorothy Collins. IU9 North Gladstone. Victor and Theresa Pfau, 414 North Oakland. William and Ruth Baker. 4118 Shelby. Deaths Daniel J. Creeden. 50. 915 South Delaware.. cerebral hemorrhage. Bessie Grace Templeton, 21. 127 East Th’rtieth. pulmonary tuberculosis. Jacnueline Jean Elder, 9 months, 2110 East Forty-second, peritonitis. Nelle W. Goldberg. 43. 2055 North Delaware. pulmonary tuberculosis. Kenneth Wray McCarty, 48. Methodist hospital, pulmonary oedema. James Bruner Hart, 11, 2401 North Talbott, accidental. Infant Shields, 1 hour, city hospital, asphyxiation. Artelia Bowles, 34, city hospital, chronic mvocardltis. Birdie B. Hatcher. 37. 605 West St. Clair, mitral Insufficiency. Pauline Olds. 23, 1038 West North, tuberculosis. Fred C. Schwichs, 34. Methodist hospital, accidental. Alice Dixon, 52, Central Indiana hospital, general paralysis. Simon Peter Noe, 57, 2421 Barnes, pulmonary tuberculosis. Anna Roedger, 54, 478 South Audubon road, carcinoma. George C. Wellinger, 61. eitv hospital, myocarditis. DRIVER LOSES COUPON City .Judge Fines Man and Takes One Ticket. Jerome Schlosser, 3314 East Thirteenth street, was fined $lO and costs, and one of two coupons on his driver’s license was removed by William H.. Faust, municipal judge pro tern., before whom he was convicted of reckless driving today.

PAGE 13

BRITAIN GREETS 50,000 SCOUTS AT 'JAMBOREE' international Sessions Are Opened: Royalty to Join in Festivities. Bu United Press ARROWE PARK. England. July 31.—Fifty thousand Boy Scouts swarmed thorugh the glades of Arrowe park today as the third international scout jamboree opened with the flags of forty-two nations waving over this green woodland Arrowe. the largest public park in England, has been transformed into “Brotherland." Scouts from the United States, Canada. Ceylon. Persia. Iceland and many other countries are camping side by side, cooking, eating and working together and exchanging scout “dope.” The jamboree was opened formally this afternoon by the duke of Connaught, who delivered the speech of welcome from the royal box. Other members of the royal family will address the scouts before the meeting closes on Aug. 13. Scoutdom “of Age" The huge gathering is primarily in celebration of the "coming of age” of the scout movement. Twen-ty-one years ago, Sir Robert BadenPowell held the first Boy Scout camp on Brownsea island in Poole harbor with only twenty-one boys present. Sir Robert still is "chief scout.” Although Arrowe park covers 450 acres of undulating, well-wooded country, almost 20,000 vistors have been forced to pitch camp at Overton and Upton, nearby towns. The United States has 1.500 representatives at the gathering, Canada 175, Denmark 1,500, France 1,900, Belgium 1,000, Japan 31 and China 80. The delegation from the British Isles totals 15,000. The scouts will entertain the Prince of Wales Thursday night. The prince is the chief scout for Wales and represents the king at the jamboree. On Friday he will attend a rally and pageant, of nations in his honor. Prince George to Attend Prince George, who recently became commodore of the sea scout branch, will visit the jamboree Saturday, Aug. 3, and attend a special display at West Kirby marine lake. While Prince George is being entertained at the lake, 4,000 Wolf cubs, the junior boy scouts, will hold a rally in Arrowe park ard perform the ceremony known as the “Grand Howl” for the chief scout. On Sunday the archbishop of Canterbury and the cardinal archbishop of Westminster will conduct services. On the second Sunday of the meet, Aug. 11, a service of welcome will be held in Liverpool cathedral. Alaska is exporting 500,000 pounds of shrimps annually, valued at about $200,000.