Indianapolis Times, Volume 42, Number 298, Indianapolis, Marion County, 23 April 1931 — Page 14

PAGE 14

PORKER TRADE OFF 15 CENTS AT CITY YARDS Slaughter Class Cattle Active With Higher Tendency. HOGS ftp rti Bulk E Top. Receipts. iS 7Js *t 786 *7.85 7,500 }!• 7 7.65 7.85 7.500 II 7.30® 7 90 7.90 3.000 ??• 32 7.85 7.85 7.000 31 7.20® 7.80 7 80 8.500 8’ h 2?* 7 85 7 000 23. 7.00® 7.50 7.50 7,000 Lack of definite strength carried hogs down again at the city stockyards this morning, prices declining 10 to 15 cents generally. The bulk, 140 to 300 pounds, sold for $7 to $7.50; early top represented by the latter figure. Receipts were estimated at 7,000; holdovers were 144. In the cattle market slaughter classes were active with a high tendency. Receipts were 900. Vealers were steady at $9 down. Calf receipts were 1,000. Lambs were strong to 25 cents higher, receipts numbering 300. A few shorn native made a market at $9. Spring lambs sold for $lO to sl2. Chicago hog receipts were 26,000, including 6,000 direct. Holdovers 7,000. Market slow, few early sales and bids around 10 cents lower than Wednesday’s average. Good to choice hogs weighing 140 to 200 pounds, sold at $7.25 to $7.40. Early top, $7.40; some held higher. Cattle receipts, 8,000. Calves, 3,000, and steady. Sheep receipts, 15,000, and steady.

HOGS Receipts, 7,000; market, lower. „ r" t ' 1 * ht Light—-(l4o-186) Good and choice... .$ 7.25® 7.45 Light Weights—(JsS' 18 0) Good and choice.... 7.50 (180-200) Good and choice 7.45® 7.50 „„ v -- Medium Weights—-(2oo-220) Good and choice..., 7.40® 7.45 (220-250) Medium and good,. 7.20® 7.30 —Heavy Weights—-(22o-250) Medium and good.. 7.00® 7.20 (220-250) Medium and good.. 6.75® 7.00 Packing Sows—-(27s-500i Medium and g00d... 5.75® 6,50 (110-120) Slaughter pigs 7.15® 7.30 CATTLE (Slaughter Class) Receipts, 900; market, steady. Good and choice $ 7.25® 9.50 Common and medium 5.50® 7.25 (1.100-1.500) Good and choice 7 25® 9.50 Medium 6.00® 7.25 —Heifers—-(soo-850) Good and ehoice 6 7.25® 8.50 Common and medium 5.00® 7.25 —Cows— Good and choice 5.00® 6.00 Common and medium 4.00® 5.00 Low cutters and cutters 2.50® 4.00 —Bulls (yearlings excluded) Good and choice beef 4.00® 5.00 Cutter, common and medium.. 2.75® 4.00 CALVES AND VEALERS Receipts, 1,000; market, steady. __ Good and choice * 8.50® 9.00 Medium 6.50® 8.50 Cull and medium 4.00® 6.50 —Calves—-(2so-300) | Good and medium gOJj® 1-29 Common and medium 3.00® 8.00 STOCKERS AND FEEDER STEERS Good and choice 6.00® 7.5 Common and medium 4.25® 6.00 (800-1.500) Good and choice 6.00® Common and medium ....... 4.50® 6.00 SHEEP AND LAMBS Receipts, 300; market, steady. (Shorn basis, except spring lambs) Good and choice 3 Common and medium 6.50® 8.00 Spring iambs 1 2'22^' ) , 1 !}'n2 Medium and choice 2.50® i-92 Cull and common 1.50® 2.50 Other Livestock By United Press , CHICAGO. April 23.—Hogs—Receipts. 34,000; including 6.000 direct; slow 10® 15c lower; late trade at a standstill; bids often 25c lower; practical top. $7.40; part load. *7.50; bulk. 140-210 lbs.. $7.2a®7.40; 320-320 lbs.. [email protected]; pigs. *6.50. packing sows, 55.65®8: light lbs., good and choice. $7.10®7.35; light weight. 160-200 lbs., good and choice. $7.15 ®7.40; medium weights. 200-250 lbs good and choice. 56.85W7.40: heavy weights. 250350 lbs., good and choice. $6.35®7; packing sows. 275-500 lbs., medium and good $5.50® 6: slaughter pigs. 100-130 lbs., good and choice. $6.60®7.15. Cattle-Receipts, 8.000: calves. 3.000: lew loads choice fed steers and yearlings fully steady; others, unevenly weak to 25c lower: very little done except on better rade steers #nd yearlings; ton on yearlings. $10.25, killing Quality plain: most steers here of value to sell at *8.50 downward. Slaughter cattle and vealers- —Steers. 600-900 Jbs.. good and chloce. $8®10.25: 900-1100 lbs., good and choice. $8®10.25: 1100-1300 bs.. good aand choice. $8®9.75: 1300-1500 lbs., good And choice $8(h)9.75: 600-1300 lbs., coni - mon and medium. heifers. 550-850 lbs., good and choice. s7®9: common and medium. $5.50®7.25; cows goodA l #** l ? o 2w ss®6: common and medium. $4.50®5, low cutter and cutters. $3.25w4.50; hulls, liners excluded. Rood and choice, beef, $4 t , cutter to medium. $3.35@4 50: vealers. milk fed. good and choice. $7.50®9. medium. $6®7.50: cull and common, s4®6. fitocker and feeder cattle —Steers, 500-1050 lbs good and choice. $6.75®8: common and medulm. *5.25®6.75. Sheep—Receipt*. 15.000: fat lambs, slow, early sales around 35c lower: few choice woolskins to shippers and small killers around *9.75: clippers, *8.75®8.85; sheep slow, Slaughter sheep and lambs—JjfS&iv, 8 5° lbs down, good and choice. $8.8o((i j bo, medium $8.25©8.85; 91-100 lbs., medium to choice $8@>9.65; all weights common. S6 75®8.25: ewes. 90-150 lbs., medium to choice. t'3(4.25: all weights, cull and common. [email protected].

By United Pres* KAST ST- LOUIS. 111., April 23.—Hogs— Receipts 12 000; mnrket. 10@15c lower, top ?7 50; bulk! 100-225 lbs.. no weightier butchers sold, sows 5.85 Cattle-Receipts. 2.200; calves receipts. 1.500: market. Rene rally. 'itpprs in early deals, $6.30(56.55, top heifers. $9; sows largely top bulls $4 50- good and choice vealers, *58.74. Sheep— Receipts. 2.200. market, alow; few choice lambs to cIU butchers weak at $8.75: packers talking 355150 c lower on all classes. Bv United Press CLEVELAND. April 23.—Hogs—Receipts. 1 200- holdover none: nothing done early, bidding 20c lower or $7.65 on sorted hogs averaging 210 lbs. down and asking steady. Cattle -Receipts. 300: opening slow and steady few plain steers. $4.5007. best held above $7 75: low cutters to medium grade cows. s3dis; culls, $45i5.75. Calves —Receipts. 500; mostly steaciv. tendency lower; good and choice vealers. $9,500! to 50- medulm. s7f?9; culls down to St>. Sheep—♦ Receipts, 7(K); run late in arriving: few sales about steady, desirable clipped lambs. $9®9.50: few, $9.7a. By United Press CINCINNATI. April 23.— Hogs—Receipts, a 200- heldover. 300; moderately active, mostly 20c lower; better grade 160-220 lbs. largely $7.70: some mixed droves. $7.60. 330 to around 350 lbs.. $7.2507.60; heavier weights unevenly weak to around 15c lower; 390 lbs. Quotable around $7; light jShte steady to 35c lower: 120-150 lßs $7.25(5;7.50: sows weak. bulk. ss.io(<.'b. Cattle— Receipts. 200; calves. 300; generally steady; low cutter cows strong and bulls strong to 25c higher; odd lots common and medium steers aud heifers, $7.50 better grade yearlings up to SB. most bf cows. $4,505*5.50; bulk low cutters and fitter cows $3 t 4: vealers active, steady; Sod anand SSwn Sheep—Receipts. 150: steady; better grade spring lambs. sl2 50 r <il3; cominnn (town to $lO or be ow: old crop clipped lambs quotable $9 down; fat ewes. if. so down. By Times Special IOUISVILLB. Kv.. April 23.—Hogs—Receipts 500; market. 2&c lower; 2*o lbs. Sd P s6 80; 175-250 lbs.. $7.35; 130-175 lbs.. *65 130 lbs. down. $6; roughs, $4,300. ?30 stags. $3.55. Cattle—Receipts. 200; market steady: prime heavy steers, $7,50 08 60' heavy shipping steers. $6,254*7.50; medium and plain steers. 55.504if1.25;. fat heifers *# 500 8.50; common to medium he fers’ $5<?6.50; good to choice cows. $4 504*5.50; medium to good cows. $3,500 JSO cutters. $3 2503.50; canners. $2,500 i: bulls $3,504*5.25: feeders. $6,504*7.50; medium to good feeders. $5 0 6.50: Stockers, *5 5007 25- calf receipts. 300; market, not Jl't established, prospects steady. SheejvbecpinU 400; market, steady: spring lembs. llOdJli: fall l* bs - U-5008.50; Wednesday's ' shipments Cattle, none; calves! 355; hogs. 283; sheep. 251. By United Press PITTSBURGH. April 23.—Hogs—Reeeints 1 000; holdovers, 450’ market. SSfund 15c lower; 150-210 lbs *7.7507 85 MO-250 lbs-. $7.4007.65; 260-290 lbs $7 1007.35: desirable pigs up to $7.75; backing sows, mostly 2oc lower largely £? downward. Cattle—Receipts, 10; nom--jss: 5Sa fb weights. $9,754*10; spring lambs, most v lower- best sl3; aged stock steady; goo wethers, $5®5.50. By Unite 4 Press TOLEDO. April 21.—Hogs-Receipts. * tmmrket 10c to 15c lower: heavies. $6.2' ®75 medium. S6 857 10: yorkers. 57.2 ?40 pigs, s7 (ft 7.40. Cattle —Receipt market sfow. Calves—Receipt*, light; ms g," steady. Sheep—Receipt*. light; market, steady.

New York Stocks —”—~i Bv Thomson & McKinnon)

—April 23 Prev. Railroad*— High. Low. 11:30. close. Atchison 168*4 16774 16874 166 Atl Coast Lin*. 89% 89 89% 89 Balt & Ohio ... 63% 62H 62% 64 Chesa & Ohio.. 38% 38% 38% 38% Chesa Coro 41 40% Chi Grt West 5% ... Chi N West 33 V* 33% C R X Ac P 49 48H 49 48% Del L & W 68 68% Del Ac Hudson 132 Erie 2474 24 7, Erie Ist pfd 32 Great Northern 58% 58% Illinois Central.. 58 57% 58 57 Lou Ac Nash 82% 82% 82% 82% M K At T 17 17 Mo Pacific 25% Mo Pacific, pfd 71% N Y Central 100 98% 100 99% Nickel Plate ... 56V* ... NY NH At H.... 72% 72 72% 71V* Nor Pacific 45% 45% 46% 45% Norfolk At West 187% Pennsylvania ..56% 55 55 54% Reading 69 % Seaboard Air L % % % % So Pacific 90% 89% 90 89% Southern Ry 37 36% 37 37 St Paul 5% 5% St Paul pfd 8% 8% 8% B*. St L & 8 P 21% 21% Union Pacific . .163 161% 163 161 W Maryland... 11% 11% 11% 12 Equipment*— Am Car At Pdv 23V, 24% Am Locomotive.. 19% 19% 19% 21 Am Steel Fd.... 19% 19% 19% 19% Am Air Brake 8 30% Gen Am Tank... 62 61% 62 62 General Elec. .. 43% 42% 43% 42% Gen Rv Signal.. 63% 62Vi 63 63% Lima Loco 25 25 Press Stl Car... 3V* 3% 3% 3% Pullman 42% 42% 42% 41% Westlngh Ar B 30V* 30% Westlngh Elec... 75% 73% 75% 75% Robbers— Fisk % % Goodrich il% 11% 11% 11% Goodyear 40% 4040% 40% Kelly Sprgfld. . .. ... 2 2 Lee Rubber 1% 3% 3% ... U 8 Rubber.... 15 14% 15 14V, Motor*— Auburn 203 195 203 192% Chrysler 19% 17% 19% 18 s * Graham Paige.. .. ... 4% 4% General Motors.. 40% 39% 39% 39% Hudson 47% 16% 17% 16% Hupp 7% 7% Mack 33V* 32% 32% 33% Marmon 7 Nash 32% 31% 32 31% Packard 7% 7% 7% 7% Reo 7 6% 6% 7 Studebaker 21 20% 21 20% Yellow Truck .. 10% 9% 9% 10 Motor Access— Bendlx Aviation. 18% 18V* 18V* 18% Borg Warner .. 21% 21V, 21V* 21V, Briggs 16V, 25% 16% 16V, Budd Wheel 8% 8% 8% BV* Eaton 14y* 13'% 14% 13% El Storage B 55V, Hayes Body 4% Honda 5% 6 Motor Wheel ... 13% 12V* 13 14 Sparks W 8 8% Stewart Warner. .. ... 14V* 14% Timkin Roll ... 46 45V* 46 46 Mining—j Am Metals 17 ... Am Smelt 4174 42 Am Zinc ... 5 Anaconda Cop.. 30% 29V, 30% 29V* Cal At Hecla BVa 8(4 Cal At Ariz 38% Cerre de Pasco. .. ... ... 20% Dome Mines 10% Freeport Texas.. 31V, 30% 31% 30% Granby Corp 16 15% Great Nor Ore.. .. ... 22 22 Howe Sound 21 21% Int Nickel 15% 15% 15V* 15% Inspiration 7% 7% Kennecott Cop.. 23 22Vs 23 22% Magma Cop 19V* Miami Copper 774 7%

Nev Cons 10 9% 10 9% Texas Gul Sul... 42% 41% 42% 41 U S Smelt .... 19 18% 19 19% Oils— Amerada ' 17% 17’/a Am Republic .... 6% Atl Refining .... 15% 15% 15% 16 Barnsdall 9% 9 Vi, 9% 9% Houston 10 9% 10 ... Indian Refining 2% Ohio Oil 10% 11 Mex Sbd 17% 17 Vi 17% 17% Mid Conti 9% 9% Pan-Amer (B) 32 31 Vi Phillips 8% 7 7 8% Pr Oil & Gas ... 12% 12 12 13 Pure Oil 7% 7% 7% 7% Richfield 2y 8 2 Vi Royal Dutch .... 31% 13% 31 Vi 30 Shell Un B Vi 6% 6% 6% Sinclair 10% 10 10% 10% Skelly 5% 5% Stand of Cal ... 40V* 39% 39% 40Vi Stand of N J ... 37% 37% 37% 37% Stand of N Y ... 20 19% 19% 19% Texas Cos 25 25% Union Oil 19% 19 19 19% Steels— Am Roll Mills.. 28% 23% 28% 28% Bethlehem 46% 46% 46% 46% Byers A M 41% 40 41% 39% Colo Fuel 16% 17 Cruc Steel 47% 47% 47% 46% Inland 57 Ludlum 12% 12% 12% 12% Midland 20 Newton 14 16 Repub I & S 15 14% 14% 14% U S Steel 128% 126% 128% 126% Vanadium 43 41 Vi 43 42 Youngst S & W.. 20 19% 20 20 Tobaccos— Am Sumatra.... 9% 9% A Tob A (new) .. ... 124% 125% A Tob B (new) 129 127% 128% 127% Con Cigars 33% 34 General Cigar.. .. 40 Lig & Myr (B) 84 83% 84 84% Lorlllard 19 Vi 18% 19% 18% Reynolds Tob.. 50% 50% 50% 51 Std Com Tob 33% Tob Pr A 12% Tob Pr B 3Vi United Cig 6% I'tilites— Abitibi 6% 6% 6% 7 Adams Exp 16% 16% 16% 17% Am For Pwr ... 34% 34% 34% 33% Am Pwr & L 1... 44% 43 43 45 AT&T 185V* 184% 185% 1857 b Col Gas & E 1... 327* 317s 32% 32 Com & Sou g% El Pwr & Li.... 46% 45 46% 45 Gen Gas A 5% 5Vb Inti TANARUS& T 28% 27 28% 27% Natl Pwr & Li.. 32Vi 32% 32% 32% No Amer C 0.... 69% 68 69% 67% Pac Gas & E 1... 48% 48% 48% 48% Pub Ser N J ... 81 79% 81 79% So Cal Edison 453/* Std G& El 69% 67Vs 69V* 68V B United Corn .... 217s 21% 217s 21% Ut Pwr & L A.. 23% 22% 23% 23% West Union ....118% 116 118 116 Shipping— Am Inti Corp 16 16% Am Ship & Com % Atl Gulf & W I. 23 22 3/* 23 23% Inti Mer M pfd. 9% 9% 934 United Fruit 56% '56% Foods— Am Sug 50% 51 Beechnut Pkg .... ... 70 3 4 Armour A 2% ' '2% Cal Pkg 32 4 32 Can Dry 3514 35% Childs Cos ... 24% 051/ Coca Cola 148 147 148 126% Foods— Cont Baking A.. 15% 15% 15% 15% Com Prod 70',i 69 70'% 69% Crm Wheat . 29 Cudahy Pkg '... 4334 441/ Cuban Am Sug 3% /2 R en £°?T ds . 53 53 52% Grand Union 147* 147 Hershey 951^ Jewel Tea 441,1 45 Kroger 28% 28% 28% 29% Nat Biscuit 72 71% 72 71% Pillsburg '* Safeway St ..... 51 50% 56% 50'% Std Brands 17% 17% 17% 17% Drugs— Coty Inc 10 % 10% Lambert Cos 79% 79% 79’* 80

Produce Markets

Eggs (country run)—Loss off delivered in Indianapolis. 13c: henerv Quality. No 1 14c: No. 2. 13c. Poultry (buying prices)—Hens weighing 5 lbs. or over. 19c: under 5 lbs.. 20c: Leghom hens. 17c: 1930 broilers, full feathered. 1 % lbs. and up. 32c: under 1% lbs.. 28c; bareback. 20c; Leghorn broilers. 28c; ducks, 9c: old cocks. 90'llc: ducks, full feathered, fat whites. 9c: geese. Bc. These orices are for No. 1 top auality, quoted bv Kingan 6 Cos Butter (wholesale)—No. 1. 27@28c; No. 2. 25 <l* 26c. Butterfat—24c. Cheese (wholesale selling price per pound)—American loaf, 22c: pimento loaf, 23c: Wisconsin firsts, 19c: Longhorns. 17c; New York limberger. 30c. By United Press NEW YORK. April 33.—Potatoes—Market. old slow, new demand good: long Island. [email protected] barrel: southern. ss4* 7.75 barrel; Maine. $2.904*3.75 barrel; Idaho. 55e0'52.60 sack. Bermuda. s>7<nf 10 barrel; Canada. $203.75 barrel. Sweet potatoes—Market, steady; jersey baskets. 75c053.40; southern baskets. $1.2504. Flour—Market, steady and uuiet; spring patents. $4.35 5' 4.70 barrel. Pork—Market steady: mess. $25.50 per barrel. Lard Market, easy: mlddlewest spot. 8.7508.85 c per lb. TaUow—Market, steady; special to extra. 3 T TO ; 4%c. Dressed poultry Mnrket. barely steady: turkeys, 25 .'/44c: chickens. 26036 c. broilers. 30048 c; fowls 140 25c; Long Island ducks, 22c. Live poultry—Market, steady to firm; geese. 10 "i 12c; ducks, 14025 c; chickens stags. 150 17c; fowls. 22;n 25c: turkevs. 20 035 c: roosters, 14c; capons. 17035 c; broilers. 20 0 41c. Cheese—Market, dull: state whole milk, fancy to special. 13022%c. vouug Americas. 15020 c. By United Press CHICAGO. April 23.—Eggs—Market steady: receipts. 30.458 cases; extra firsts. 17%c; firsts, 16%c; current receipts. 16c; seconds. 14c. Butter—Market, steady; receipts. 8,7*4 tubs; extras, 22%c; extra firsts 22®22%c; firsts. 21@21%c. seconds. 20(.i30%c: standards. 22%c. Poultry Market, steady; receipts. 1 car: fowls. 20% 0 25c; springers. 26c; Leghorns. 21c; ducks. 21c; geese, 13c: turkevs. 22025 c: roosters. 14c; broilers, 34c. Cheese—Twins. 12%0 12 *c; young Americas. 14%c. Potatoes— On track. 227; arrivals . 112; shipments. .'.4; market around steady; Wisconsin sac.sed round whites. $1.5001.65; Minneota round whites. $1.3501.40; Idaho rus-'-***l Texas bliss triumphs. j. io ij 4.25, •?/ United Press CINCINNATI. 0.. April 23—Butter cresmerv in tub lots according to •ire. 21023 c; common score discounted 2 3c: packing stock No. 1. 18c: No. 2. 15c o. 3. 8 c: butter fat. 21023 c. Eggs—Steady included; extra firsts. 16%c: seconds e: nearby ungraded. 16c; duck eggs l*c ' lSf 30c. Live Poultry—Thin air R !! se , Mock sell caly at heavy discount is 5 lbs. and over. 21c; 4 lbs. and ove^ ■: 3 lbs. and over, 22c: Leghorn. 3 lb over 20c; rosters. 12c; slins 21c: st~ : broilers, new crop, full feathered 1% rnd over. 33c: over 1% lbs.. 38c; par. hered, 2202 ,c ; Leghorn broilers iul lbs.. 38c.

Lehn & Fink 29 29% Industrials— Am Radiator .... 15% 15% 15% 15% Bush Term 19 Certainteed 4% Gen Asphalt .... 22 21% 22 21% Lehigh Port . . 14 Otis Elev 44% 44 44% 44V. Indus Chem*— Allied Chem ....132% 131 132% 131% Com Solv 14% 14% Union Carb 58 56% 58 57% C S Ind Aico ... 35% 35% 35% 36 Retail Stores— Assoc Dry Gds 23 Gimbel Bros 5% 5% Kresge S 8 26% 26 26V* 26% May D Store 32 32% Mont Ward .... 19% 19 19% 19% Penny J C 33 34% 34% 35 Schulte Ret St.. 10% 10 10 10 Sears Roc 50% 49% 50% 49% Woolworth .... 60% 59% 59% 60% Amusement*— Col Graph 10% 9% 10% 974 Eastman Kod ..157 153% 157 153% Fox Film (A).. 22 20% 22 22 Grigsby Grunow .. ... 4% 4% Loews Inc 45% 44% 45 44% Param Fam.... 33% 31% 33 32% Radio Corp 17V* 17% 17% 17% RK o 30 19% 20 19% Schubert ... 5% 5% Warner Bros .... 974 9% 9% 8% Miscellaneous— City Ice Ac Fu 37 . . Congoleum 10 9% 10 io Amer Can 116% 115% 116% 115% Cont Can 57% 567* 57% 57 Curtlssg Wr 3% 3 it. S R.... 30% 2974 30% 29% Real Silk 17 17 Un Aircraft.... 28% 2674 28V* 277* Int Harv 48% 47% 48% 48

The City in Brief

FRIDAY EVENTS Optimist Club luncheon. ClaypooL Exchange Club luncheon. Lincoln. Phi Delta Theta luncheon. Chamber of Commerce. Federation of Community Civic Clubs, 8 p. m.. Chamber of Commerce. Master Painters’ Association luncheon. Antlers. Indianapolis Round Table luncheon, Lincoln. Delta Tau Delta luncheon, Columbia Club. Altrusa Club luncheon, Columbia Club. Delta Chi luncheon. Splnb-Arms. Reserve Officers Association luncheon, Board of Trade. Major W. W. Carr, adjutant of the Eighty-fourth division, United States army organized reserves, will speak on “Civil War in China” at the Exchange Club Friday noon at the Lincoln. College of education of Butler anniversary today at Blaker hall, Twenty-third and Alabama streets, with Dr. John Harrison, head of the English department, giving the chief address.

Seven members of the sophomore class at Butler university have been pledged to Blue Key, honorary organization. Those pledged are Jack Gulling, Delta Tau Delta; Norman Singleton, Sigma Nu; Ray Miller, Lambda Chi Alpha; Allan Bailey, Phi Delta Theta, and William Hoffman, Phi Delta Theta. Address on “Vocational Art Work as Carried on in Technical high school” will be made by DeWitt S. Morgan, school principal, May 1 at the convention of the Western Arts Association in Louisville. Alvin Dodd, of Cincinnati, assistant to the president of the Kroger Grocery and Baking Company, will address students of economics Friday morning at 9 at the Arthur Jordan hall. His subject will be “The Chain Store Problem.” Appointment of C. C. Matthews, for several years vice-president and general manager of Capitol Electric Company, as sales manager of the radio division of the Capital Paper Company, has been announced. Eighteen members who have been with Western and Southern Insurance Company five years or more, organized a welfare club Wednesday night. Officers elected are: Fred Hemphlin, president; John J. Collins, vice-president; James Hecathorn, secretary, and Robert C. Sutton, treasurer. BOARD OF TRADE TO NAME ELECTION GROUP Nominating Committee Will Be Chosen From Candidates. Seven members of the Indianapolis board of Trade wil be nominated for the nominating committee from the twenty-five names submitted to the members at the primary May 13. The seven nominated will be voted upon at the annual election June 8. Candidates are: J. Martin Antrim. Fred G. Appel. Fermor S. Cannon. John F. Darmody. E. H. Darrach. Otto P. Deluse. Brodehurst Elsey, Edward D. Evans. George H. Evans. L. L Fellows. Edward A. Gardner. Joseph Gavle. A. M. Giossbrenner. William C. Hayward. Leßoy J. Reach. Mark H. Miller. W. J. Mooney. James E. Pierce. Edward B. Raub, Joseph E. Reagan. John J. Reilly, Roy Sahm. O. J. Smith. James H. Taylor and O. A. Wilkinson. Members of the board of governors, whose terms will expire in June, are Frank D. Stalnaker. Linton A. Cox, W. Hathaway Simmons. Joseph C. Gardner. William L. O'Connor. Carl F. Walk. E. E. Allison. Harry J. Berry and N. H. Richardson.

Other Livestock By United Press FT. WAYNE. Ind., April 23.—Hogs—Market. 15c lower; 10-140 lbs.. $6.85- 140160 lbs.. $7.10; 160-180 lbs.. $725; 180-200 lbs.. $7.35; 200-220 lbs.. $7.25; 220-240 lbs., $7.10; 240-260 lbs., $7; 260-280 lbs.. $7 90-280-300 lbs.. $6.80; 300-350 lbs.. $6.70; roughs. $5.75; stags. $4; calves. $8.50; clipped lambs. $8; wooled lambs. $9; spring iambs. $lO. By United Press EAST BUFFALO. April 23.—Hogs—Receipts. 1.800; slow generally 15c iowersome off 25c: desirable. 160-210 lbs.. $7.90(7? 8; 230-250 lbs., [email protected]; few 270-300 lbs.. $7.4007.50. Cattle—Receipts. 50mostly cows, steady; cutters grades, $2 25 7? 3.75. Calves—Receipts. 150; vealers fully steady: bulk better lots, $9.50; common nd niedium, SSO 7.50. Sheep—Rece.pts. 600: lambs, unchanged; near choice clipper 69.50; best shorn wethers $5.75; plainer kinds. $3.50. Chicago Stocks Opening (Bv James T. Hamill & Cos.) —April 23 Assoc Tel Util.. 24% Houdia B 6 Auburn Motors. 18% Insull Com WW 34% Borg Warner... 21% Midi United Com 39% Cord Corpn 10'? Midi United pfd. 38% Con Ch Cp com 6% Middlew Com . 20% Central Pub Se 15% Nat’l Sec com.. 5% Commonw Edi .233% Nat’l Sec pfd... 70 Cheo Sec 17% Nat’l Pw & Lt.. 66% Grigsby Grunow. 4 Swift Intern.,.. 37% iIOUQi A 14%iU S Ra & Tel.. 20 Building Permits M^^e a nt E^a C c t e: C $7 C 5 r Pflnr ’ SUnS ’ 106 Anna Banker, repair. 4711 East Washineton. 52.850. T Robinson, addition. 2317 North La Salle. SI,OOO. J- w - Rich, garage. 3204 North Capitol. S2OO. Eskenaze & Mordoh. building. 412-16 South New Jersey. SB,OOO Eskenaze & Mnrdoh. building. South and New Jersey. $12,000. Frank Jones, addiiton. 5143 Pleasant Run $l,lOO Mrs. E. Stevens, alterations and repair 2054 College. $250. Joseph Talbert, dwelling. 207 North Rural. $3,000. Dividend Declared The board of directors of the Public Service Company of Indiana, formerly the Interstate Public Service Company, has declared the regular quarterly dividend of 1% per cent on the outstanding preferred ;tock of the company, payable May 15, 1931, to stockholders of record April 31, 1931.

THE INDIANAPOLIS TIMES

STOCK SHARES MAKE GAINS ON STRONG RUYING Oversold Condition of List Responsible for New Buying.

Average Stock Prices

Average of thirty industrials for , Wednesday was 156.37, off 2.46. Average of twenty rails was 87.64, ofi 1.25. Averj age of twenty utilities was 60.60. off .94 j Average of forty bonds was 95.45, ofi .07. BY EDWARD C. WALZER United Press Financial Editor NEW YORK, April 23.—Despite continued weakness, stocks developed their first substantial rally in more than a week today. After further setbacks, which carried many of the leaders to further new low ground, the market developed a temporary oversold condition and rebounded briskly. Substantial early losses were substantiated with similar sized gains. The recovery was far from impressive, however, largely representing active short covering and a good part of the gains were cancelled toward noon. Auburn furnished the principal feature, soaring more I ihan 10 points at one time on a few transactions. Steel common, which opened unchanged at 126%, ran up to 129 and subsequently sold off to around the 128 level. Similar movements occurred in other leaders. Special Issues Off At the same time liquidation continued in special issues. Fox Film A broke nearly 4 points to the lowest levels it has sold since William Fox relinquished control of the company more than a year ago. Other amusement shares were weak, Warner Brothers selling at the lowest price since listing of the present class of stock. Paramount duplicated its low of Wednesday. Principal railroad stocks continued to display a heavy tone and many of them touched further new low levels. Shares of the Alleghany Corporation, Van Sweringen holding company, sold at the lowest price in their history at 7%, a fractional decline, while new lows since 1927 or longer were reached by New York Central, Baltimore & Ohio, j and Pennsylvania.

Trading Quiets Down

Trading activity, which ran at the rate of approximately 5,000,000 shares for a full season during the first half hour, tapered toward noon as the market resumed its drift to lower levels. At one time the stock tape was a minute behind trading on the floor of the exchange. Early strength in Steel common was attributed to ticker reports that the corporation would maintain the $7 annual dividend rate at the next meeting. This development brought scattered outside buying. Westinghouse Electric, on the other hand, was depressed sharply on overnight publication of its first quarter earning report, showing a sizable deficit.

Bank Clearings

INDIANAPOLIS STATEMENT —April 23 Clearings $2,683,000.00 Debits 6,122,000.00 CHICAGO STATEMENT —April 23 Clearings $68,000,000 Balances _ 6,900,000 TREASURY STATEMENT —April 23 Net balance for April 21. .$454,098,174.42 Expenditures 12,771,220.96 Customs rects. mo. to date.. 23.561,622.13

Net Changes

By United Press NEW YORK, April 22.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. off. Alaska Juneau 14% Vs ... American Can 115'/* ... i Amer & Foreign Power.... 33% ... % American Telephone 184 7 /s ... Vs Atchison 166 Vi ... Auburn 192% % ... Bethlehem Steel 46'% ... i% Case f 84'/s ... % Consolidated Gas 93 ... 1% Electric Power 45 ... % Fox Film (A) 22 ... 1 General Electric 42% ... 1% General Motors 397s ... 2 3 s Gillette 297a ... % International Nickel 15% ... % LoeW’s. Inc 44% ... % McKeesport Tin Plate 88% ... 1% Montgomery Ward 19’% ... % National Biscuit 71% ... 2% N. Y. Central 99% ... 1% North American ... 68% ... 1% Paramount 327 s ... 2% Pennsylvania R. R 54% ... Vi Radio 17% ... 1% Radio-Keith 19% ... % Sinclair 10% ... % Standard Oil. N. J 37% ... 1% Texas Corpn 24% ... % United Corpn 21% ... V 8 U. S. Steel 126% ... 1 Vanadium 42 ... '% Westinghouse Electric 75% ... % PERFECT CIRCLE SALES SHOW 5 PER CENT GAIN

First Quarter Earnings 50 Cents a Share Over Requirements.

The Perfect Circle Company, Hagerstown, Ind., manufacturers of Perfect Circle piston rings, earned $126,183.73 after deductions were made for interest, depreciation, federal taxes, during the first quarter of 1931 as compared with $134,488.96 during the same period in 1930. The company’s first quarter earnings show a surplus over the quarterly dividend requirements of $Bl,250 or 50 cents per share. In releasing the earning figures, Lot hair Teetor, vice-president in charge of sales, stated “sales so far this year have showed an increase of 5 per cent over the first quarter of 1930. In view of the increase so far, we confidently expect that sales will continue to mount throughout the rest of the year.”

I N REDEEMED Ladles’ and Gents JppptaiAMQHD RINGS BERjEffSifC] 18-Kt. White Gold Mountings W, To be sold far loan cV charges. Only—- £ W $5.95 0 V WOLF SUSSMAN B jff Established 30 Year* W 239-41 W. Wash St. Opposite Statehonse

Men’s and Women’s CLOTHING °N EASY CREDIT ASKIN & MARINE CO. I£7 W Washington St.

BELIEVE IT or NOT

@St. ! #' k ON EACH HIMD During the battle between ripCouws mo HcwAZOSPUftt ****gowned byDeibolJt _ Neoj Vovk Athletic Club—m - ' I'ddlepObLf N*V- "" o IS3I. KII>( F<* tur<a Syndic!* Inc. Cntl Brtum right, rntnft. —3

Dow-Jones Summary

Bank of England made no change in its discount rate of 3 per cent. London Bar Silver 13 5-16d, up 5-16d; forward 13Vd. up 5-16d; Gold Bars, 84s 9%d unchanged. Caterpillar Tractor Company declared regular quarterly dividend of 75 cents payable May 29, record May 15. In previous quarters the company declares extras of 25c. Net profit for the quarter ended March 31, was $1,031,345 after depreciation, interest, federal taxes, etc., against $3,365,832 in first auarter of 1930. New York cables opened at 4.861-16 against 4.85 15-16; Paris checks. 124.28; Amsterdam, 12.10: Italy, 92,785; Berlin. 20.405. E. I. Du Pont De Nemours in first quarter earned sl.Ol a share on 11.065,762 average common shares. Year ago $1.52 a share on 10.463,693 shares. Westinghouse Electric first quarter net loss $2,885,945 after charges. Year ago earned $1.70 on combined preferred and common shares. Delaware & Hudson Company in 1930 earned $9.10 a common share. Air' Reduction Company in first quarter earned $1.21 a share on 841.288 shares against $1.98 a share on 770.402 shares like period 1930. Standard Oil of New Jersey reduces Bunker Fuel Oil 10 cents a barrel. Chicago & Northwestern March net operating income, $831,136 against $770,172 in March, 1930. Three months, $1,721,700 against $2,258,229. Swedish Match Company year ending Dec. 31, 1930, net profit $15,442,000, after expenses, etc., against $14,536,000 in 1929. Niagara Hudson Power In first quarter earned 14 cents a share on 26,123,632 shares against 18 cents a share on 25,714,956 shares same period 1930. For twelve months, 55 cents against 61 cents. Petroleum Corporation of America disposes of holdings in Phillips Petroleum and General American Tank Car and part of its holding in Ohio Oil common. Has added to holdings of Prairie Oil and Gas and International Petroleum. All Chevrolet plants on five and one-half-day week, several working day and night turns. Approximately 31,000 on company pay roll. Lehigh Coal and Navigation Company declared regular quartely dividend of 30 cents, payable May 29, record April 30. March cigaret production increased 636,709,964 over year ago to 9,802,400,017. Cigars off 14.176,517 to 473,728,917. Loose tobacco off 268.924 pounds to 27,551,563. Snuff off 140,864 pounds to 3.497,016. Oklahoma Corporation commission fixes production of twenty barrels daily for stripper wells befor placing them under proration orders as against ten barrels previously. Also allows wells in Konawa pool yielding more than 300 barrels daily to product at 25 per cent. American Home Products Corporation regular monthly dividend of 35 cents, payable June 1. record May 14. Income tax collections from July 1 to March 31, $1,505,853,156; year ago $1,812.682.396. J. D. Tew. president of B. F. Goodrich Company, elected president Rubber Manufacturers’ Association, succeeding the late Samuel Woolncr Jr.

New York Bank Stocks

(By Thomson & McKinnon) —April 22 Bid. Ask. America 51% 54% Bankers 100 103% Brooklyn Trust 440 450 Central Hanover 245 250 Chase National 88% 91% Chatham Phoenix Natl 67% 70% Chemical 42'% 44 % City National 87% 90% Corn Exchange 107'% 111% Commercial 295 305 Continental 19% 22% Empire 56 59 First National 3,650 3.850 Guaranty 472 477 Irving 34% 37% Manhattan & Cos 80 85 Manufacturers 46% 48% New York Trust 159 164 Public 54% 5734

“The Strong Old Bank of Indiana ” The Indiana National Bank of Indianapolis

Used 3-Pc. Overstuffed Living sT£ $29.50 hEASY TERMS . Lewis Furniture Cos. _■ ”A United Furniture Store”!# 844 S. Meridian St.

Sacco and Loma Make Things Grow VONNEGUT’S 120 E. Washington St. 5534 E. Washington St. Fountain Square Hardware

On request, sent with stamped addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.

Following is the explanation of Ripley’s “Believe It or Not” which appeared in Wednesday’s Times: Siji Kalter Stood Under a Cold Shower Eighteen and One-Half Hours—Siji Kalter, a native of Riga, Latvia, established a world’s record for a nonstop cold shower as a means of curing himself from an attack of rheumatism. Such violent cures are practiced by Russian peasants to the present day. This story is contained in a report of the Polish telegraphic agency, which was commented on by German medical periodicals. Nitro-Glycerine Is Not an Explosive—The explosive substance which we call nitro-glycerine is not nitro-glycerine, and is not a nitro-substitution compound, as its name would imply. Instead of being a substance produced by the action of nitric acid upon organic compounds, its reactions are those of a salt or ester of nitric acid, and its correct chemical name is glyceryl trinitrate. True nitroglycerine is not an explosive, and is not used as such. Phillip Snyder Has Been Pallbearer 2,500 Times—Mr. Snyder, who lives at Thirteenth and Pestalozzi streets, St. Louis, is 64 years of age, and during the last thirty-five years he has acted as pallbearer on 2,500 occasions. At times he has served twice on the same day, and as many as six times in a single week. Friday: The minister who is related to sixty-four ministers. Deaths Mary Headley, 66, Central Indiana hospital, general paralysis. Francis Joseph Scherer, 80, city hospital. chronic myocarditis. Rebecca Elder, 77, 520 East Vermont, arteriosclerosis. Mary L. Carter, 90, 2625 North Meridian, carcinoma. Pearl Taylor Jones. 52, 638 West 10th, acute cardiac dilatation. Lee Boles, 8. city hospital, accidental. Helen Sanford, 10 mos., city hospital, broncho pneumonia. Alberta Stafford, 40, city hospital, hypostatic pneumonia. William Ervin Lowden. 1 day, St. Vincent’s hospital, atelectasis. Ada Bransard. 31, city hospital, myocarditis. Samuel Hood, 49, 820 Muskingum, aagina pectoris. Arthur Drost, 42, Methodist hospital, duodenal ulcer. Births Girls Herbert and Rlnsey Strain, 236 North Noble. Leslie and Rebecca Allen, Methodist hospital. E. L. and Alverta Brown, 2735 Ralston. Boys Albert and Ardis Dunham, Methodist hospital. Donald and Lillian Overmlre, Methodist hospital. Haywood and Bettie Rice, 2221 Northeastern. Twins William and Natalie Linville, 1325 Sharon, girls.

Local Wagon Wheat

City grain elevators are paying 70c for No. 1 red wheat and 69c for' No. 1 hard wheat

We buy and sell U. S Liberty Loan Bonds U. S. Treasury Certificates U. S. Insular and Territorial Bonds Indiana Municipal Bonds Indiana Gravel Road Bonds Federal Farm Loan Bonds Joint Stock Land Bank Bonds Fletcher American Company 41 North Pennsylvania Street Affiliated with The Fletcher American National Bank

1-C -wr Registered 0. 8. JLf V Fatent Office RIPLEY

Investment Trust Shares

(By R. H. Gibson & Cos.) PRICES ARE TO 12 NOON C. S. T. —April 23 Bid. Ask. Amer Founder’s Corp C0m.... 4% 4% Am & Gen Sec "A” 14% ... Am Inv Trust Shares 5% 5% Basic Industry Shares 5% 6% Cumulative Tr Sh 6% 7% Corporate Trust Shares 5% 5% Diversified Trustee Shares "A” 16% 17 First American Corp 7% 8(4 Fixed Trust Oil Shares 474 s*/, Fixed Trust Shares “A" 14 ... Inv Trust NY 7 8 Leaders of Industry. Series A 7% ... Nation Wide Securities 6% 6% National Industry Shares .... 5'% 674 N Am Trust Shares 5% 5% Sel Am Shares \5 5% Shawmut Bank Inv Trust ...... 10% 1174 Universal Trust Shares 574 6 S W Strauss Inv Units 23 Super Corp of Am Tr Shares A 6% 7 Fundamental Tr Sh "A'’ 6% 774 Fundamental Tr Sh B 7 774 U S Elec Light & Pwr A ... 29% 31%

New York Curb Market

(By Thomson & McKinnon) —April 23 11:301 11:30 Am Com Pwr.. 14% National Inv... 4% Am Gas & E 1... 66 jNewmont Min... 39% Ark Gas 4 7 / B |Nia Hud Pwr... 10% Brazil Pw &Lt 19 Pantepec 174 Cities Serv .... 1574 Penroad 5% Cons Gas 87%iPrin & Whtly... 174 Cord 11 I Sel Indus 374 Durant M0t,.... 2 IShenandoah .... 5% Elec Bond Sh.. 42%!Std of Ind .... 28% Fox Theater.... 3%lStd of Kv 19% Gulf Oil 54% Stutz 2374 Hudson Bay... 5 Air Trans 7'e Humble Oil 53% Un Gas (new).. 774 Insull Ut 35% Un Lt & Pwr... 22V* Int Super 22% Un Verde 974 Int Pete 1174 Ut Power 974 Midwest Ut ... 20(4 Vacuum Oil .... 46% Mo Kan Pipe.... 6 New York Liberty Bonds —April 22 Ist 474s 102.26 4th 474 s 103.30 Treasury 4%s 111.28 Treasury 4s 107.24 Treasury 3%s 105.24 Treasury 3%s of ’47 101.25 Treasury 3%s of ’43 (June) 101.20 NEW YORK COFFE RANGE —April 22High. Low. Close. January 5.45 5.30 5.30 March 5.50 5.40 5.44 May 4.97 4.75 4.90 July 5.15 4.95 5.05 September 5.33 5.16 5.20 December 5.40 5.25 5.26

R. H. GIBSON & CO. Members NEW YORK, Chicago and Cincinnati Stock Exchanges N. Y. Curb Exchange (Assoc.) Chicago Board of Trade 320 Circle Tower Indianapolis Tel. Lincoln 2341 307 Dixie Terminal Bldg. Cincinnati 400 First & Tri-State Bldg. Fort Wayne 71 Broadway New York

.APRIL 23, 1931

WEAK CABLES SEND FUTURES MARKET DUWN Weather News Is Offset by Uncertain Action of Importers. BY HAROLD E. RAINVILLE United Press SUIT Correspondent CHICAGO, April 23.—Weakness at Liverpool incited scattered selling on the Board of Trade and wheat prices declined a sharp fraction. There was no support in evidence early, but prices fell under in a dull trade. Liverpool was weak and irregularly lower. There was nothing in the news to encourage buying. Weather over the winter and spring weather belts was mostly clear and cold, with some snow. Com sold off with wheat, May showing the most weakness. Oats were lower with the major cereals. Liverpool Turns Lower At the opening wheat was % cent to % cent lower, with May % cent off; corn was % cent to 7$ cent down and oats were % cent to % cent lower. Provisions were slow and easy. Liverpool was lower than expected following the decline in North America Wednesday, with the report of a bank failure in Amsterdam offsetting the forecast for smaller shipments from the southern hemisphere. Prices were off 1 to 1% cents at mid-afternoon. Buenos Aires started % to % cent lower. The trade expects some complaints from the southwest as a result of the freeze and the spring wheat belt still needs moisture. Bull News Offset These are the bullish factors but are offset by the uncertain action of foreign importers whe still need wheat. Active short selling Is not favored. Western Kansas and Nebraska received more snow as a result of a Rocky mountain storm moving eastward. Absence of any individual news of importance is clausing corn to follow wheat. The former is in a position to become easily oversold. Meanwhile, planting is being delayed by unfavorable weather. Oats trail the other grains with support mostly by cash interests to fill requirements. Chicago Grain Table —April 23WHEAT— Prev. High. Low. 11:00. close. May (old) ... .81% .81'% .81% .8174 July ... .63% .62% .63% .63% SePt 63 .62 % .63 .63% '‘ ‘ ■ 66 ' i ' 65711 • 66 ' /4 - 66^ May (01d)... .59 .58% .58% .58% SfPt 60% .60% .60% .61 Vi OAT&:: 53 * W* -53% .53% Hav (old) 29% ,29'/a .29% 29% July 30 .29% .30 .30(4 §££* 30% .30% .30% .30% RYeH"-” ■ 32/2 • 325 •'* 32% May (01d).... .36% .36 .36V, .36*4 8 Lar'tLLl 40 2 ' 4 ° 3 ® - 40 % -40% May 8.37 8.35 8.35 8.40 Sept 8.65 8.70 By Times Special 26 CH coro°?i2 33 —crlots: Wheat, ley 6° rn ‘ 112 ’ ° atS ' 32; rye ‘ 0 • and bar " RAW SUGAR PRICES High. Low. Close. January a.§ o j 49 1 56 1.55* 1.55 September'!*.!!”!!*" 141 140 l'4o December I”!” "I” }; 11? 11? SPLENDID NEWS FOR SUFFERERS Why Not Follow In The Footsteps of This Ex-Serv-ice Man Who Found Relief Through Konjola. Quit experimenting; quit groping for relief....put Konjola to the test as have tens of thousands to their everlasting joy. Profit by the experiences of those who actually know of Konjola’s merit.

1 ' y ••••••••

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