Indianapolis Times, Volume 42, Number 310, Indianapolis, Marion County, 7 May 1931 — Page 13

STAY 7, 1931.

SALES REDUCE CAINS MADE IN STOCK UPTURN Trade Is Dull After Short Covering Halts: Steel Shares Firm.

Average Stock Prices

Average of thirty Industrials for Wednesday was 149.73 up 84 Average of twenty rails was 86 43. up 03 Average cf twenty utilities was 60.37, up .24 Average of forty bonds was 95.43, up .10 B ELMER C. WALZER. United Press Financial Editor NEW YORK, May 7.—Prices turned irregular today in the stock market after a substantial rally induced by short covering had prevailed for more than an hour. Trading continued dull. Steel common and Wool worth were early features. Steel rose to 1141$, where it was up 2 ! i points. Woolworth made anew high for the year at 67 H, up 2'i points. Both eased. Copper shares were down fractions to nearly 2 points and utilities lost fractions. Rails turned irregular after an early advance featured by a rise of 4 points in Atchison. Oils were dull and slightly easier. Stocks in which Cyrus Eaton is interested were depressed, bringing out rumors Eaton-Otis interests were selling part of their holdings, In this group Gabriel Company made anew low at 3. off 1!4; Eaton Holding Company dipped to 4 Vi, off %; Republic Steel 13, off % and Goodyear Tire & Rubber 38 Vi, off 214. Paramount and Columbia Gas made new lows for the year on fears over the dividends. Paramount dipped a point to 26% and Columbia Gas 1% to 30Vi. Auburn Auto touched 226 % in the early trading but around noon it was down 7Vi points from this level at 217. In the early afternoon selling was continued, leading issues making new lows for the day. Steel common broke through 112 and others of the industrial group made corresponding declines. Trading continued dull

Investment Trust Shares

—May 6 (By Glb'cn & Bernard* PRICES ARE TO 12 NOON C. S. T. Bid. Ask. Amer. Founder's Corn. Com 3Ta 3 s ,a Am. & Gen. Sec. “A" 14 Am. Inv. Trust Shares 5 s'j Basic Industry Shares s‘/a 6', Corporate Trust Shares s!a 5 s /$ Cumulative Tr. Share 6 5 u 7>, Diversified Trustee Sh. “A” 15 5 a lsi 3 * First American Corp 7Vi 7 ; i Fixed Trust Oil Shares 4 ! i 5 Fixed Trust Sh. “A" Inv. Trust N. Y 6Va 7Vi Leaders of Industry. Series "A" 7Vi Nation Wide Securities 6 ! a National Industry Shares . .V' 4 fli 4 N. Am. Trust Shares 5Vi 5Vi Sel. Am Shares ... t’s .V a Shawmut Bank Inv. Trust 5 10 Univertal Trust Shares 5% ST S. W. Strauss Inv. Units ....... 32 Super Corp. of Am Tr. Sh. "A" 6> 6Vi Fundamental Tr. Sh. “A” CVi 7 Fundamental Tr. Sh "3".. . 7 7'i IT S. Fiec. Lli?ht Sc Pwr “A” 2S'j 31VIn the Air Weather conditions at 9 a. m.. Southwest wind, 8 miles an hour; temperature, 41; barometric pressure, 29 91 at sea level; ceiling, overcast, 1,503 feet; visibility, 5 miles; field, fair Doolittle Visits Here Lieutenant James Doolittle, one of the nation’s crack pilots, visited at Municipal airport Wednesday and promised Superintendent Charles E. Cox Jr. he will take part in the aerial program planned in connection with dedication of the port this summer. Doolittle, famous for his “fancy" flying, landed here in the Shell Petroleum Company's Lockheed Vega, from Kokomo He flew to Chicago from here. Japanese Flier Halted By United Press NEMURO, Japan, May 7.—Siji Yoshirara, young Japanese aviator attempting a solo flight from Tokio . to the United States, returned here this afternoon almost two hours after he had departed for Simusir island. He said he encountered unfavorable flying conditions and turned back. He landed at 1:55 p. m. He had started for the island on the third lap of his journey at 12:15 p. m Chute Jump Scheduled Mrs. Almeda Eabcock, 21, St. Paul girl parachute jumper, will open the 'chute jumping season Sunday at Mars Hill airport, it was announced today by H. Weir Cook. Curtiss-Wright base general manager. Mrs. Babcock, whose husband was killed at St. Paul when his 'chute failed to open, will leap twice Sunday, once at 11 r.. m. and again at 4:30 p. m. She is one of the few women parachute jumpers in the country. The jump is to be sponsored by the Rost Jewelry Company. World Hop Starts Soon By United Press NEW YORK. May 7.—The projected round-the-world flight by Hugh Herndon Jr. and Clyde Pangborn will start from Old Orchard, Me., in about three weeks. Herndon announced today. The youthful fliers returned Wednesday night after a leisurely flight to Porto Rico, trying out their plane in preparation for the globegirdling attempt. They were accompanied on the trip by Capt. Lewis E. Yancey, veteran of one txans-Atlar.tic air crossing, who acted as navigation instructor. NOTED LAWYER IS DEAD By United Pens NEW YORK, May 7.—Robert Weeks De Forest. 83, philanthropist, lawyer and president of the Metropolitan Art Museum, died at his home Wednesday. His health had been falling for two years. Ten days ago he was confined to his bed with a heart ailment. Physicians reported his condition improved and death came unexpectedly. De Forest was a prominent member of the bar for a half century. Flatfoot? This One Is By United Press WASHINGTON, May 7.—Patrolman Lir.wood A. Crabbi i n/TTered bruises of the liver when he tripped over the foot of a fellow offleer and fell against the baton of a third.

New York Stocks B-- TbotniOß A McKinnon i

... * —May 7 Railroads— Prev. .. High. Low 11.30 close. Atchison ... ...174 170' * i74 170 Bait it 0hi0... 64 63 % 64 63 Uifa it Ohio.. .. ... 40% 40 Chi Ort West 5% Chi N West 33% C R X £s p .. 48 Del L & W 84V 65 uel & Hudson.. .131% 131 131% 132 Erie 24% 24% Erie Ist pfd. 31% ... Great Northern 57 55% 57 55% Gulf Mob * Oil 15% .. . Illinois Central 58% M K i T 15% Mo Pacific 23 Mo Pacific ofd 70 70% N Y Central... 99 93% 99 97% Nickel Plate . . ... 58 N Y N H & H.. 74 73% 74 73% Nor Pacific ... 43 Norfolk & West 181 O & W 7% Pennsylvania 33 52% Seaboard Air L > % So Pacific 86% 85% 86 86 Southern Ry .. 39% 40 St Paul 5 5 St Paul ofd 8% 8% St L A S P. 13 Union Pacific 1/1% Wabash 12 w Maryland 12 12 West Pacific 7% 7% Equipment;— Am Locomotive 19% ! Am Steel Fd 18% } Am Air Brake S 29% Oen Am Tank.. 60% 60% General Eiec . ..44% 43% 44% 44% Gen Ry Signal 55% 55 Prees Stl Car .. 4 Pullman .. . 33% 38% 35% 38% Westingh Airb.. .. 27% 27% Westlneh Elec .. 62% 61% 62 61% Rubber*— Firestone 16 % Fisk % *.% Goodrich 12% 12 12% 11% Goodyear 41 % 40% 41 40% Kelly Snrpfld 1% U S Rubber.... . ... 14% Motors— Auburn 228% 222% 224 221% Chrysler 20% 197, 20 19% Graham Paige ~ 6% 5% 6% 6% General Motors. 43 42% 42% 42 Hudson 17 Hudd 8% 8% Mack 30 29 Nash 31% 31 Packard 7% 7% 7’, 7% Reo ... ... 6% Studebaker 21 20% Yellow Truck ... 9% 9% Motor Aeess— Bendlx Aviation. 19% 18% 19 18% Barg Warner.. 21% 20% 21% 20% Brian • • • 15% 15% Budd Wheel. 8% Eaton 13 12% El Storage B. 53 57 Haves Body. . . 4% Honda .... ... 6% 6% G% 6% Motor Wheel ... 13% Snarks-W ... ... 7% Stewart Warner . . 12% Timkln R 011... 46 45% 46 45's Mining— Am Metals 14% Am Smelt 37% 36% 37 % 37 Anaconda. Coo.. 27% 26% 25% 27% Cal & Hecla 714 Cal <fc Arix 32 33 Cerro de Pasco 17% 17% 17% .... Dome Mines ... ... 10% Freeport Texas. 29% 29 29 29 Granbv Corn 13% 13% Great Nor Ore. 21 21 Howe Sound... 18% Int Nickel 14% 14% 14% 14% Inspiration . . . .. 7 Kennecott Cop.. 20% 20% 20% 20% Mama Cop 17% 17% Nev Cons 8% 8% Texas Gul Sul .. 40% 39% 40% 39% U 8 Smelt 18% Oils— Amerada ... 17% Atl Refining ... 15 14% 15 14% Barnsdall 8 BVa Beacon 7%

Dow-Jones Summary

New York cables opened In London at 4 86%, acainst 4.86 15-32; Paris, checks 154.45; Ams*erdam. 12.107; Italy, 92,915; Berlin, 20.425. Bank of England statement as of May 7, shows circulation of 356.317,000 pounds, ajainst 349.814,000 pounds on April 30, ratio 52 2 per cent, afra'nst 53.3 per cent and 148,482,009, against 147,227 000 pounds. J. C. Penny Company April sales sls - 379.976. ngainst $17,453,748 in April 1930. Four months amounted to $47,078,079, against $53,471 032. Atlas Powder Company declared a regular auarterly dividend of $1 on the common stock, payable June 10. of record May 29. Shell Union Oil Corporation and subsidiaries in first Quarter net loss $9,903 472 after charges, against $3,155,088 net, loss in like perfbd of last year. For year ended Dec. 31. 1930. consolidated net loss $5 095.574 after taxes and charges against $1.25 a common share earned in 1929. OidsmoMle Motor Works, division of General Motors, shipped 7.574 cars in April, against 7,024 in March and 9.432 in April, 1930. Shell ripe line Corporation quarter ended March 31, profit $3,797,985 after interest, etc., but before federal taxes, against $3,671,181 in first quarter of 1930. National Tea April sales off 10% Decent to $8,405,675. Four months off 10 9-10 per cent to $35,789,419 India Tire and Rubber Company now noerating at capacity of six davs a week. New installation to raise output to 14.400 t'res weekly, against 12,300 at present time. Bank of France as of May 1. shows gold 55,617.000,000 francs, against 55.005,000,000 on April 24, circulation of 78.989.000,000, again* 77.289,000,000. and ratio 55.30, against 55.08 per cent. Poor <fc Cos and subsidiaries quarter ended March 31, earned 40 cents a share on combined participating 160.C00 shares of class (A) and 362.843 shares of ojass (Ei stock, against 50 cents a share on class (A) and $1.51 a share on class (B> stock in first quarter of 1930. National Public Service Corporation and subsidiaries, twelve months ended March 31. 1931. profit $3,665,235 after taxes, interest. etc., but before depreciation, against $4,950,989 like period of last year. Class 1 railroads March net operating income of 24 9-10 per cent, from a year ago. Earned 2 2-10 per cent of property investment, against 3 per cent a year ago. Shipments of pneumatic casings in March. 4.121,531. highest shipments for one month since September. 1939, according to Rubber aMnufacturers’ .Association. March shipments show an increase of 212-10 per cent over February this year, the seasonal increase being 23 6-10 ner cent. Production in .March, 4.662.578 casings, an increase of 17 per cent over previous month, but 4 1-10 per cent below March. 1930. Casing to Rubber Manufacturers' Associainercase over February, but 20 per cent below March 31. 1930. April Ingot output 2.722,479 tens, against 2.993.590 a mouth ago and 4,109 - 492 a vear ago. Operations 49.29 per cent, against 54.2 per cent, and 78.95 per cent, four months. 10.677.134 tons, against 16.177.169. Rate 48.79 per cent, against 78.45 per cent. National Time Company first quarter net loss $45,714 after taxes and charges. Year ago earned $32,431

Net Changes

By Uniteif Press NEW YORK. May 6.—Closing prices and net changes on the principal stocks traded today on the New York Stock Exchange follows: Up. off. Alaska Juneau 18% % ... American Can 107% ... % American Smelting '...37 % ... American Telephone ...181% 1% ... Atchison 170 1% ... Auburn 22'% 9% ... B.thlahem Steel 43% .. % Brers 4. 37% % ... Case 82% 1% ... Consolidated Gas 91% % ... Electric Power 44% % ... Fox Film A I8 l i . % General Electric . 44% 1% ... oene-al Motors 42 % ... Gillette 32% % ... In.er Nickel, unchanged I*% ... Kennecott 29% % ... .McKeesport Tin Plat? . 53% % ... Montgomery Ward ... !8% % ... North American 69% % ... Packard 7\ ... % Pennsylvania R R. .... 57% % ... Ridlo 17% % ... Radio-Keith 17% ... % Sinclair 8% % Standard Oil N J .... 38 % .. Trans-America, unch... 8% United Corpn 23 % ... U S Steel ..112% ... 1% Yanedlum unchanged 42% Westir.ghouse Electric. 61% % ... Worthington Pump

Banks Clearings

—May 6 INDIANAPOLIS STATEMENT -May 7 Cleariugs $3.C45.C00.20 Debits 9 6.293 000.03 CHICAGO STATEMENT rw-ings 8f1.400 000.00 Balances . 6.1C9.000.03 a. TRE'sCRy STATEMENT Net Jclenc? for Mav 5 $2*5.*'2.770.77 Expftejtures 245.18.55 Customs rects. month to date 5.426.037 85

Houston 9% Indian Refining . ... 2% ... Ohio Oil 9% 8% 9 8% Mex Sbd 15% 15% 15% 13% Mid Conti 6% 8% 8% 8% Pan-Amer B .. ~ 29 Phillips 7% 7% Pr Oil & Gas ... ... 10% Pure Oil 6 Richfield • 1% Royal Dutch ... SOU 29% 30% 30% Shell Ur. 5% 5% Simms Pt 5% ... Sinclair 9 8% 9 8% Standard of Cal 37 38% 37 37% Standard of N J 38% 38 38 38 Standard of N Y 19% 19% 19% 19% Texas Cos 22 21% 22 22 Union Oil 17% 17% Steels— Am Roll Mi 115.... 24% 24% 24% 24% Bethlehem 44% 43% 44% *3% Bvers A M 38% 37% 38% 37% Colo Fuel .... 16 Cruc Steel .... 47 45% 47 45 Inland . . 44% Ludlum 10 M'dland .. 17% Newton . . 12% Repub I & S 14 13% 13% 13% U 5 Steel 114% 1!2% 113% 112% Vanadium .. .. 43% 43 43% -2% Youngst S & W 19% Tohtreas— Am Sumatra 9Vi Am Tcb A i new i 120% 120% 120% 120 Am Too B < new > 126% 125% 126% 124% Con Cigars 32 V* Lie ti Myrs (B< 80% 80% Lorll>ara 18% 18% Phil Morris .. io% Re-holds Tob . 51% 50% 51% ,10% Tob Pr A 12% ... Up!ted Clg 6% 6% 6% 6% l'tl tie*— Abltlbi 6% Adams Fsp 16 15% 16 16 Am For Pwr 33% 32% 33 32% Am p r it LI. . 14% <3% A T & T 192% 181 132% 151% . Cos! Gas & El 32% 321, 32% 32% 1 Com (z Sou 8% 8% lEI Per A Li. 45% 14% 43 41% Gen Gas A 5% 5% Irtl T & T.. . 28% 2% 28% 28 Natl Pwr ft Li . 30% .'>o% 30% 30% No Amer C 0... . 70 69% 69% 69% Pac Gas (z El 47% 46% Pub Ser N J 83% 83 83% 83% So Cal Edison. 45% 45 45% 44% Std O A E 1... 72% 71% 72% 71% United Coro. . . 23% 23% 23% 23 Ut Pwr & L A.. 23% 23% 23% 23% Wst Union 118 103% 109% 115% Stin-’n-Am Inti Corp 14% 15 United Fruit. 88 'a 57% r oe-V Am Suy 47 Ar-.ivr A 2% 2% < Pkg 28 26% C*- Dr-.. . . 42 41% 41% 41% •hits Cos. ... 21 % 21 21% 70% Co’a . . 159 148% 150 1*7% • Ctnt B? ;‘w A . 12% }l% •'ort Pr and . 67 66% 67 66 : Cu%i-!V Pkg 41% 1 Cuban Am Sugar . . 3 I Gen Foods 51% 51% 51% 51% Orand Union ... 13% 15 13% 14% I He'■she- ... 95 35 I Jewel Tea 43% Kroge' 34% 33% 33% 33% Mat. Biscuit .. .. 72% Safeway st .... 52% 51% 51% so 3 , Std Brands 17% 17% 17% 17% Ward Bkg 4% Drugs—cotv Inc 10% 9% Lambert C 0... 80 79% 80 79 Lehn A Pink 28% Indcstr’ats— Am Radiator 13% 13% 13% 13% Bush Term 22 Cerichiteed . 4% Gen Asphalt 23 22% Lehigh Port 13% Otis Llcv 40% 39% Indus Cbcms— Allied Chem . . .126% 12* 124 125 Com Solv 13% 13'% 13% 13% Union Carb 53 52% 52% 51% U S Ind Alco 32 Retell Sto es— Asscc Dry Gds 21% Gimbel Bros 5% . . Kres 3 e S S .... 27% 26% 27% 23% May D Store 32% 33 Mont Ward 19% 18% 19% 18% Penny J C ... 36 35% 36 35% Schulte R-et St.. .. 7% Sears Roe ,53% 52% .33 53 Woolworth 67% 66% 66% 64% Amustr.ent3— Bruns Balke 9 Col Graph 9% 9 9 91% Crosley Radio 5 Eastman Kod ..197% 137% 157%. l'S', Fox Film A 18% 18 18 13% Grigsby Gru ... 3% 3% 3% S% Loews Inc 44% 43% 43% 43% Param Fam 28% 27 27 28’Radio Corp .... 18% 13% 18% 17% *-K-p r n% 17% 17% • chubert 5 Warner Bros ... 8 7% 7% 8 Miscellaneous— Air.vcy App 5=4, City Is* & Fu 32 Vi 1 4.r.i Can 108% 108'/* 108% 109% r %ut; Can 54% 53% 54% 53 buriiSj Wr ... 3% .1% 3% 3% : f '‘ -yJJ* S . R ••• 33 % 32% 33% 32% Un Aircraft 29% 28% 28% 23',. nt Harv 49% 49'/* 49% 49% Chicago Stocks Opening (By James T. Hamill & Cos.) —May 7 Bendix Avia... 18%>Insull com 32‘ Bont Warner... 20%!ILusull 6s '4O. . 02% Cord C0r0n.... 11% Midi United coin 19'i Con Ch Cp com a'* Midi Un pfd .. 38te Cent Pub Serv.. 14%!Mlddlew com iqil Commons’ Ed . .232% Nat’l Sec com' 5 Grigsby Grunow 4 [Swift Inter.... 38 Houdia B 6% U S Radio A T 20 Elec Household 21 !

New York Curb Market

(Bv Thomson & McKinnon) -May 7 11 ;30| 11-30 Am Gas & El.. 65% Int >ete 12 Am Lt & Tr. .. 41% Newmont Min... 35% Bruz?l Pwr tz Lt 16% Nia Hud Pwr 10% Can Marc 2% Salt Creek .... 5 Cities Serv ... 15%iStutz 2*% Cord ll%|Un Gas fr.ewi . 7% Flee Bond Sh.. 42% Un Lt Sc Pwr.. 23 1 - Goldman Sachs 7'-' B ! Un Verde 8% Gulf Oil 51%‘Vacuum Oil ... 35% Humble Ol .... 53 (Walgreen ... .20 Insull Ut 32%

| New York Bank Stocks

(By Thomson & McKinnon) —May 6 Bid. Ask America 45 48 Bankers 104 107% Brooklyn Trust 410 425 CMitral Hanover 222 227 Chase Nation?l 82% 84% Chatham Phoenix Nail... 62% 65% Chemical 40% 42% Citv National 82% 85% Corn Exchange 103 107 Commercial 270 280 Continental 17% 20% Fmpire 52% 55% First National 3.459 3 650 Guaranty 456 461 Irving 32 34 Manhattan & Cos 79% 82% M’nutecturers 42 44 New York Trust 146 151 Public 47% 50%

Produce Markets

Eggs (country rum—Loss off delivered in Indianapolis. 13c: henerv quality. No. 1. 13c; No. 2. 12c. Poultry (buying prlcesi —Her.s weighing 5 lbs. or ove-. 15c; oncer 5 lbs . 14c; Leghorn hens, 13o: 1390 broilers, full feathered, ’% lbs. and un. 23c; under 1% lbs.. 25c; arcback. 20c: Leghorn broilers. 23c; ducks, "e: old cocks. B®9c:; ducks, full feathered, at uhitc-s. 9c; geese. 6c. These prices rre for No. 1 top quality, quoted by Kingam 6 Cos. Putter (wholesale)—No. 1. 27®28c: No. 2 2515260. Butterfat—22c. Cheesa (wholesale selling price per nounat—American loaf. 22c: pimento loaf. 22c: Wisconsin firsts. 19c; Longhorns. 17c; New York limberser. 30c. By United Press NEW YORK. Mav 7.—Potatoes—Market, old. steady: new. firm: Long Island, S3@. 3.25: Southern. *3@B: Maine. 52.7553.65; Idaho. 40c®.52.60; Bermuda. $358.50; Canada. 51.8553.50. Sweet potatoes—Market. steady; Jersey, baskets. [email protected]: Southern. baskets. sl®2.Ss. Flour— Market, ouiet and steady; spring patents. $4 60®4.80. Fork—Market, dull: mess. $24.50. Lard—Market, steady; mlddlewest snot. $8.40(28.50. Tallow—Market, easier: special to extra. 3%®4c. Dressed poultry —Market, barely steady; turicevs. 25®44c: chickens. 26®38c; broilers. 30540 c; fowls. 14:227c; Long Island ducks. 17©20c. Live poultry—Market, steedy. geese. 10$ 12c: ducks. 13(224c: fowls, 17® 20c: turkevs. 157i30c: roosters. 1214 c; chickens, stags. 15c; capons. 17$ 45c: broilers. 22541 c. Cheese—Market, steady; state whole milk, fanev to special. 13522%c; young America. 14% sl9%c. By United Press CHICAGO. May 7—Eggs—Market, easy; receipts. 25.735 cases: extra firsts. 16%c; firsts. 15%c: currem receipts. !3%®14%c; seconds. 12%c. Butter—Market, unsettled: receipts. 11.115 tubs; extras 21 %c; extra firsts. 20%®21c: firsts. 20520%c; seconds 18<219e; standadrs. 21 %c. Poultry—Market. steady; receipts, no cars in. 2 due; fowls. 16%®17%e: springers, 26c: Leghorns. 15c: ducks. 18c: geese. 9: turkevs. 22523 c: roosters. 13%c; Broilers. 37c. By United Press CLEVELAND, May 7.—Butter—Extras. 25%e; strrdarcs. 23%c. Eggs—Extras. 16c; firs .;. 15%f. Poultry—Hea-.w fowls. 13c: medium. 20e: Leghorn fowls. 15c heavbroilera S5S33c; Leghorn brcllers and ducks. 15525 c; old cocks. 12c; geese, 15 $ 16c. Potatoes—Maine Green Mountain, S2 40ff3.50 per 120 lb. sack: Idaho Russet, $2.10g2.20 per 100 lbs sack. By United Press CINCINNATI. May 7.—Hops—Receipts. 3.200: heidovers. 115; opened strong to 5c higher; closed slow, weak; better grade 160-220-lb. averages mostly $7.70: a few late sales. $7.60 : 230 to around 260 lbs . 57.35J7.60: 2SO lbs. downward to *7; 130150 lbs. mostly $7.35; sows sleady; bulk. *5 s'': heavyweights. $5.25. Cattle—Receipts. 250; calves. 800: generally steady: odd lots common end medium steers and heifers. s6g7: a few better finished vesrllnes up to $3: beef cows. $4.75 15 50: low cutters and cutters active. $3 25® 4.50: bulls. $5 down; vealers generally ste3dv; good and choice. sß® 8.50; a few choice lots ear’y $9; lower grades. $7 50 downward. Sheep—Receipts. 900; spring lambs steady with weak undertone: good to choice. sl2f''2A): latter price mostly on shipper account; common to medium. $92 11.50; no old crop iambs here; fat ews, $3 down.

THE INDIANAPOLIS TIMES

PORKER PRICES OFF 10 CENTS AT CITY YARDS Cattle, Calf Markets Hold Steady; Sheep Trade Strong. HOGS April Bulk. Earlv Top Receipts. 39. 86.35$ 7.45 $7.45 4,000 Mav 1. 7.10® 7 60 7.60 8.000 2. 7.256 7.50 7.60 2.000 4. 6.9047; 7.35 7.35 4.000 5. 6.30® 7.25 7 25 4.000 6. 7.10® 7.59 7.50 4.009 7 7.00 ® 7.40 7.10 6.000 Hog trades early lost the strong trend evidenced recently, prices dipping 10 cents this morning at the Union Stockyards. The bulk, 16C to 300 pounds, sold for $7 to $7.40 early top holding at $7.40. Receipts were estimated at 6,000; holdovers were 48. In the cattle market steers were steady with other classes and 21 cents higher. Receipts were 900 Vealers held unchanged. Calf receipts numbered 600. Clipped lambs sold 25 cents higher with other sheep classes quotably steady. Receipts w’ere 200. Chicago hog receipts were 18,000, including 3,500 direct. Holdovers, 4,000. Opening slow, few early sales and most bids around steady to 10 cents lower than Wednesday’s average. Pew loads of good to choice j hogs weighing 170 to 235 pounds ■ sold at $7.25 to $7.35. Early top j held at 57.40. Heavy weights from I 260 to 290 pounds were selling at ] $6.80 to $7. Cattle receipts were 5,000. Calves, 3,000, and steady Sheep receipts 13,000 and strong. HOGS Receipts. 6.000; market, lower. —Light Light—-(l4o-1S0) Good and choice $ 7.23® 7.40 —Light W’eights—-(l6o-180) Good and choice . 7.40 (180-200) Good and choice... 7.40 Medium Weights—--1200-220) Good and chocle... 7.30® 7.40 (220-250) Medium and g00d... 7.20® 7.35 Heavy Weights—-(22o-250) Medium and g00d... 7.00® 7.20 j (250-290) Medium and g00d... 6.80® 7.00 —Packing Sows—-(27o-500) Medium and g00d... 5.50® 6.00 (110-120) Slaughter pigs 7.15® 7.25 CATTLE (Slaughter Class) Receipts, 900; market. lower. Good and chclc? $ 7.00® 9.25 Common and medium 5.50® 7.00 (1.100-1.500) Good and choice 7.00@ 9.25 Medium 6.00® 7.00 —Heifers—-(soo-850) Good and choice 7.25® 9.25 Common, and medium 5.50® 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. 600: market, steady. Good and choice $ 8.50® 9.00 Medium 6.50® 8.50 Cull and medium 4.00® 5.50 —Calves—-(2so-300) Good and medium 5.00® 7.00 Common and medium 3.00® 5.00 STOCKERS AND FEEDER STEERS Good and choice 6.00® 7.75 Common and medium 4.50® 6.C0 (800-1.500) Good and choice . 6.75® 7.75 Common and medium 4.00® 6.00 SHEEP AND LAMBS Receipts. 200: market, steady. (Shorn basis, except spring xamos) Good and choice $ 8.50® 9.50 i Common and medium 6.03® 8.50 i Spring lambs [email protected] ! Ewes, medium and choice 2.50® 2.2 b Cull and common 1.50® 2.75 Other Livestock By United Press CHICAGO. May 7.—Hogs—Receipts. 18,000. including 3,500 direct; eariy traae. mostly to shippers, steady to 10c lower; top. $ 7 .45: bulk 170-220 lbs., earlv $7.20® 7.40: packers bidding unevenly lower; few sales and bids 180-240 lbs.. $7®7.25; bulk packing sows. 55.65®6, around 10c lower; light lights. 140-160 lbs., good and choice, $7.15®7.40: lightweights. 160-200 lbs., good and choice, 57.20®7.45; medium weights, 203-250 lbs., good and choice, $6.90® (.40, heavyweights. 250-350 lbs., good and choice. $6.25@7; packing sows, 275-500 lbs., medium and good, $.3.50®6.10; s'aughter pigs, 100-130 lbs., good and choice. $6.90® 7.25. Cattle—Receipts. 5.00(1; calves. 3,000: general market mostly steady with Wednesday’s uneven downturn; no strictly choice steers here; light kinds getting much better action tnan weighty offerings; most steers here of value to sell at s7® B; heavy fat cows dragg.y, but cutter kinds fairly active at $4.50 downward; slaughter cattle and vealers: Steers. 603900 lbs., good and choice. $7.75® 9.50: SOO- - lbs., good and choice. $7.75®9.50: . 1,100-1,300 lbs., good and choice. $7.75® ®.9.00; 600-1,300 lbs., common and medium. $5.75®8: heifers. 550-350 lbs., good opd cho.ce. 56.50®8.25; common and.medium, $5.25®6.75; cows, good and choice, $5(7x6; common and medium. $4.50®5; low cutler and cutter cows, $3.25®4.50: bulls (yearlings excluded), good and choice, beef. $4®5.25; cutter to medium. $3.35® vealers. milk fed. good and choice, $(.00®3; medium, $6.50®%.50: stocker and feeder cattle: Sters. 500-1.030 lbs.,' good and choice, $7®8.25; common and medium. $5.25®7. Sheep—Receipts 13,000; early market at. a standstill, bidding 25® 50c lower; pood and choice woolskins bid. s9®9.co: asking $lO for best or around 25c lower: few native springers steady at sl2; Slaughter sheep and lambs, lambs 90 lbs. B°od and choice. s9® 10; medium. 53.2d®9: 91-100 lbs., medium to choice. $8 ®9.<o; all weights, common. 57® 8. 25ewes. 90-150 lbs., choice b2.50®3.75; all weights, cull and common. [email protected]. By United Press f , FT WAYNE. Ind.. May 7.—Hogs—Marget 10c lower: 100-%0 lbs.. $6.65; I*o-160 lbs.._ $6.90; 160-183 lbs.. $7.15: 180-200 lbs. S''j2j: 4CO-220 lbs.. $7.15; 220-2-10 lbs.. $7; $6.90: 260-230 lbs., SC.7O; 280300 los.. 55.60: 200-350 lbs.. $3.50: roughs 55.00; stags. $3.75; calves, 3; clipped lambs. $8; wooled lambs. $9; spring lambs, $lO. By United. Press EAST BUFFALO. N. Y.. May 7,-Hogs- ? n i s l° w . weak to oc lower; desirable 123-200 lbs.. 57.85®7.90; 240-lb butchers, $7.40; some unsold. Cattle—Restady, cutter grades. $.50®4, bidding lower on steers. Calves— Receipts 600: vealers generally 50c lower; bulk better lots. $9; some held higher common and medium, [email protected]. SheepReceipts. 600; lambs unchanged; good clippers $9; woolskins, $10; desirable spnng lambs. $12.75; others downward to SlO.oO; fat ewes. s3®4; mostly $3.50 down. By United Press EAST ST. TOUTS. 111.. May 7.—Hops— Receipts. 9.009; market, slow at lo®'2ocdecune from best time Wednesday: mostly tem2pc lower: top, $7.35: most weights, 140-210 lbs.. 37.20®7.30; 230-240 lbs.. s7® 7.15; sows, largely $5.65®5.85. CattleReceipts. 1.800; calves, receipts. 900; market, no eariy sales steers and heifers: vealers. 25c higher at $3.75: other classes 5-*4Cy; cows. 54.505L5.25: low cutters. s3® 3.50: medium bulls. 54.59 down. SheepReceipts. 1,500; market, opened fully steady on spring lambs; butchers taking several lots up to $7.50: nothing done on others; indications steady on sheep. By United Press 1 LAFAYETTE. Ind.. May T.— Hogs—Marsteady to 10c lower; 160-180 lbs.. $7.25' ISO-200 lbs . $7.15: 203-220 lbs., 57.10: 220- . S7 05; 240-260 ibs.. $6.95; 260-280 lbs $8.85: 2SO-SCO lbs.. $6.75 300-325 lb° * 6 ' Bs: 120-140 lbs., $6.70; 100-i2O ibs.. 56.65: roughs. $5.50 down: top -Ives. $8; top lambs, $9; spring iambs, $8 By United Press ,F C ? I— Hogs—Receipts. 200; nsar<ct lOtrlSc lawer; heavies. S6.t"s® „ ttOmediums. $7®7.25: Yorkers. $7®'7.25 ' pigs' 5.K..25. _ Cattle—Receipts, light; market! slow ana lower. Calves—Receipts, light: merket, slow. Sheep—Receipts, light; market steady. By United Press i Mev 7.—Hogs—Receipts. 1.300: holdovers. 322; mostly 19c hlehe-. but pigs 15c lower at downward to S7 50P on 160-210-lb. sorts. $7.75: desirable <.20-250-lb. weights. $7.60: medium good to choice. 263-300-lb. kinds. $7.25®7.3° Cattle-Receipts. 2CO; draggy ar.d weak at .dfjentum: steers and heifers around $6.50®..15; gradually predominating in fresh and holdover supplies, but little xLler interest; few low cutter and cutter cows $2.50®4. Calves—Receipts. 400: mostly oOc lower again; bulk better grade vealers. $8.50 down; sparingly to $9: cull to medium. $5®7.50. Sheep—Receipts. 4CO, draggy. even on small runs: few sales desirable c.ipped lambs, $8.50 down: near steady, duality considered; bulk good ewes. $3 down. By United Press PITTSBURGH. Mav 7—Hogs Remarket strong: 150-210 los.. 81.75® 7.55; 220-240 lbs.. 57.50®7.70: pigs steady $7.50®7.75: packing sows steady; bulk. IS.dO® 6. Cattls—Receipts, 35; marset. nominal. Calves—Receipts. 123; vealers strong to 50c .higher: good to choice vealers. $8®9.50, common to medium. 84.50® 7.50. Sheep—Receipts. 250; market fairly steady; shorn lambs. $849.

BELIEVE IT or NOT

aim W The new hmy plml C® Wasp-powered Fiakki-) |*sff CANCLIfAB Z UP vSfe- /V) Jjs/ AMO DESCEND To EARTH AGAIfJ (M 5 . Claude. Overholt - M&nei^Q The mah of too faces CAM fI SWALLOW n HIS NOSE PLAPUUM M&vauette U , „ SCORED 9 POINTS IM 55SECONDS GILDED And AGAINST GRHWEU- Feb. 1931 - -- t— —- - —— „ b~T:

The City in Brief

FRIDAY EVENTS Exchange Club, luncheon. Lincoln. Optimist Club, luncheon, Clavpool. Altrusa Club, luncheon, Columbia Club. Fhi Delta Thcat, luncheon. Chamber of Commerce. First Ward Republican Club. 8 p. m., Clark's hail. Master Painters’ Association, luncheon,' Antlers. Indianapolis Round Table, luncheon, Lincoln. Delta Tau Delta, luncheon, .Board of Trade. Reserve Officers’ Association, luncheon. Board of Trade. Delta Chi, luncheon. Sulnk-Arms. Christian Business Federation. 8 p. m , Kresge building. Dinner for nurses of the St. Vincent’s Hospital Alumnae Association will be held at 6:30 tonight at the Lincoln, followed by a theater party at English's. Election of Harold F. Dunkel, University of Chicago sophomore and son of Dr. and Mrs. J. Ambrose Dunkel, 3815 North Delaware street, as national treasurer of Eta Sigma Phi, was announced today. Dunkel was graduated from Shortridge high school in 1929. Permission to change the name of the Hoosier Outfitting Company, 301 East Washington street, to the Hoosier Furniture Company, was asked Wednesday in a suit filed in circuit court by Otto R. Lindstaedt, firm president. Asa part of the Indiana Democratic club’s drive for 1,000 members, the annual spring dance Friday night at the Municipal Gardens will be made an elaborate affair, John E. Boyce, chairman of the dance committee announced. Jacob B. Solomon, secretary of the Kahn Tailoring Company, has been elected president of the Indianapolis Association of Credit men. Other officers: Walter J. Hubbard Jr., first vice-president; Roy Sahrn, second vice-president, and J. A. Saltzer, treasurer. Officers of the Indianapolis section, American Society of Mechanical Engineers, elected Wednesday night are: Homer Rupard, president; Fred Saunders, vice-chair-man; M. R. Edwards, secretary, and Professors Frank C. Hockema of Purdue and Donald B. Prentiss of Rose Polytechnic, executive committee members. Optimist Club and members of other luncheon clubs In the city will hear Dr.’ Thomas A. Watson, who built the first telephone for Alexander Graham Bell at the Optimist Club’s weekly luncheon Friday in the Clavpool. His talk on the first telephone will be broadcast over WFBM.

James T. Hamill & Company Private Wire* to AU Loading Markets. Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trad# Indianapolis Board of Trade Associated Neve York Curb 203 Continental Bank Bldg. Tel Blley *493 Riley 5494

GIBSON & BERNARD Formerly R. H. Gibson Cos. 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

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

® !,Jl ' Kln * re4 '- er<s Syndic*it fne. Cn*t Bouts rirtu r a*r*S.

Following is the explanation of Ripley’s “Believe It or Not” which appeared in Wednesday’s Times: Jane, Served One Family More Than 100 Years—Jane Adger, who died in 1909 at the time she was in the service of Ellison Moultrie Adger of 140 Albany drive, Shreveport, La., was born a slave of Wiliam Adger in Charleston, S. C. 1807. After tile Civil war, of course, she was freed from slavery, but remained in the Adger family until her death. The children of Ellison Moultrie Adger are the fifth generation served by Jane. The Goldfish That Smokes— Litha Bums of 306 South Frisco street, Tulsa, Okla., has four goldfish in a small aquarium at home, and has trained the one fish to inhale smoke blown upon the surface of the water. The fish exhales the smoke in rings, sometimes as many as six or seven in succession. Neither of the other three fish comes near the smoke area. Friday—“ The Man Who Memorizes the Divine Comedy’.” BUICK DELIVERIES UP United States Sales Show Gain of 32 Per Cent for April. By United Press FLINT, Mich., May 7. —Retail deliveries of Buick cars in the United States for April were 13.108 units, 32 per cent or 3,000 units greater than the March total, it was announced Wednesday. The figures were compiled from reports of leaders in thirty-three sales zones throughout the country. Marriage Licenses William T. Riuter. 37. of 34 North East street, truck driver, and Marv Thomas. 33. of 426% West Waashinston strfeet, waitress. George Cameron Walter. 23. of 1538 Lawton street, painter, and Barbara Mostoller. 21. of 1538 Lawton street. D. F. Burns. 26. Ft. Benjamin Harrison, soldier, and Virginia Lee Wood. R. R. 12, Box 183. , Quinn M. HillUass. 35. of 404% East Wpshineton street, barber, and Lois O. Hiliisrass. 32, of 91 South Ninth street. Beech Grove, houseworker. Charles I. McClain. 39. Franklin, clerk, and Naomi Bess. 33. of 824 Lexinqton avenue, housekeeper. Karl Hartinq Williams. 29. of 826 South Illinois street, salesman, and Blanche Lamoureux. 29. of 2035 North Talbot avenue. telephone operator. Victor B. Minton. 34. Chesterfield. Ind.. laborer, and Carolyn Rumler. 18. of 432 East Twelfth street, houseworker. Theodore Fransen Gestel. 25. of 412 East Fifteenth street, attorney, and Phvllis M. Payne. 20. of 3060 North Meridian street. A GOOD BUSINESS SCHOOL Strong business, stenographic, secretarial and accounting courses: individual instruction in major subjects, large faculty of specialists in their respective lines. Free Employment Service. Fred W. Case. Principal. CENTRAL BUSINESS COLLEGE Pennsylvania and Vermont, First Door. North Y. \T. C. A.. Indianapolis, Ind.

Complete Safe Deposit facilities here provide the maximum protection for your valuables. Leave them in safety at this bank. Hours: 8 A. M. to 5 P. M. each day and 1 P. M. Saturdays

i-€ 17 Registered O. & JL> Y Fatent Office RIPLEY

Other Livestock By Times Special LOUISVILLE. Ky., Mav 7.—Ho^s—Receipts. 600; market, steady; 130-165 lbs.. s6.bo; 130 lbs. down, $5.95; roughs, $4.25 @5.25; stags. $3.50. Cattle—Receipts, 200; market, slow to steady; prime heavy steers $7.25&8; heavy shipping steers, $6.25®) 7.25; medium and plain steers. $5.50 @6.25; fat heifers, [email protected]; common to medium heifers, ss® 6.50; good to choice cows, [email protected]; medium to good cows, [email protected]; cutters, [email protected]; banners $2.50@3; bulls, [email protected]; feeders, $6.50% 7.50: medium to good feeders, $5®,6.50; Stockers, [email protected]. Calves—Receipts, 2.50; market not established. Sheep—Receipts, 1,200; market not established. Wednesday’s shipments, cattle, none; calves, 96; hogs, none; sheep 483. New York Liberty Bonds —May 6 3%s 101.30 Ist 4%s 103. 4th 4%s 104.4 Treasury 4%s 112.10 Treasury 4s 108.2 Treasury 3%s 106.4 Treasury 3%s of ’47 102.1 Treasury 3%s of ’43 101.26 Building Permits Friehofer bakery oil burner, 349 East Merrill. $650. Claude Teke. dwelling and garage, 5246 North Capitol, SB,OOO. Harry Bluestein, warehouse. 1101 South Illinois (rear). $3,000. Frank Collman. storeroom 1829 Bellefontaine. $5,000. L. W. Tolin. storeroom and apartment. 3317-19 East Tenth. $15,000. Growers Market Company, garage. South near Empfre, 554. Henry Schumann inclosed porch. 2442 Ashland. $240. A transparent leather has been invented in England for clothing and several other purposes.

CDm A f THURSDAY AND FRIDAY, 2 DAYS ONLY White gold plated frames. CompJete with lenses for reading nr £ AQ distance. ■ Glasses that are so JjjEßjpF —■ comfortable, so well MgTf&r fitted that you hardly know you are wearing them. PAY ONLY 50c A WEEK! Across the Street From Courthouse J

Start Them Early —* Many boys and girls throughout Indianapolis are among our most enthusiastic depositors—they truly enjoy the* prestige of a bank account of their own These earnest young people have their solidly on the first rung of the ladder of success. i What are you doing to encourage your children to save? Do not only save for them, but help them form the habit of saving for themselves. I “A Savings Account for each member of the family” is a good slogan. Interest Compounded on April and October Ist

The Meyer-Kiser Bank 128 East Washington Street

PAGE 13

WHEAT FUTURES SHARPLY LOWER ON CABLE NEWS Weakness at Liverpool Is Strong Factor in Initial Sales. BY HAROLD E. RAIWtLLE United Pres* Staff Correseondent CHICAGO, May 7.—Wheat sold off a sharp fraction on the Board of Trade today on weakness at Liverpool and reports of fairly general rains In the Canadian northwest overnight, although the American area again went dry, Com reacted rather sharply with wheat, although frost was reported in sections of Missouri and lowa over night and further rains in the southwest and central sections of the belt will further delay planting. Oats alone resisted pressure at the start and showed independent strength, advancing a minor fraction, led by May. At the opening wheat was 4 to Vi cent lower, with May 4 cent off, corn was 4 cent lower to 4 cent higher, and oats were 4 to 4 cent higher. Provisions were Arm and active. Price Changes Rapidly Liverpool was lower than expected owing to a break in the Argentine exchange rate, but the market opened steady and held that way at midafternoon. Wheat traders are basing their action on weather conditions in the American and Canadian northwest. This keeps the market nervous and price changes are rapid from time to time. There was no rain in the American section Wednesday although dust storms followed by local showers were reported in parts of the western Canadian provinces. May delivery is becoming congested and advances readily on short covering. Old May is deliverable on track all this month while the new stock is deliverable only the last three trading days. Corn Futures Active Liquidation of May com apparently was finished last month and the market has been acting congested. Unfavorable weather and the Anxiety of eastern distributors to replenish depleted stocks has given the market a stronger tone with shorts covering from time to time. Corn led wheat in activity Wednesday with talk of too much rain in parts of the belt. Buying of May and selling of July narrowed the spread perceptibly Wednesday in the oats pit. Cash interest still are buying the current delivery with some 143,000 bushels sold Wednesday. Chicago Grain Table —Mav 7 WHEAT— Prev. High. Low. 11.00. close. July 63 . 62% .63% .63% Sent 62% .62% .62% .63% Dec .66 .65% .65% .66% CORN— July 59% .59% .59% 60 Sept 58% .58% .58% .59% Dec 52% .52% .52% .52% OATS— July 28% .28 28 .28% Sept 28% .28% .28% 38% Dec 31 .30% 30% .30% RYE— July 37% .37% .37% 37% July 8.30 8.25 Sept 8.40 * By Times Special CHICAGO. May 7.—Carlots—Wheat. 81; corn, 60; oats. 15; rye, none, and barley, 2. NEW YORK COFFEE RANGE —Mav 6 ~ . Hlirh. Low. Close. March 5.77 5 59 5.59 May 5.75 5.63 5.63 July 5.55 5.35 5.35 September 5.67 5.47 5 48 December 5.66 5.55 5.5 b