Indianapolis Times, Volume 42, Number 311, Indianapolis, Marion County, 8 May 1931 — Page 26

PAGE 26

UNCERTAINTY IS EARLY FEATURE IN STOCK MART Rediscount Rate Reduction Effects Sought by Trade.

Average Stock Prices

Average of thirty industrials for Thursday was 148,88 off .85. Average of twenty rail* was 88 03. off .40. Average of twenty utilities was 59.81. off .76. Average of forty bonds was 55.57, up .14. BY ELMER C. WALZER United Press Financial Editor NEW YORK. May B.—Uncertainty over the effects of the reduction of tfy New York rediscount rate to 1 1 2 per cent today brought confused movements into the stock market. Opening steady to firm, the list ran into selling that brought United States Steel to anew low since 1924 and American Can to equal its 1931 low. At the end of the first hour the market steadied and around noon the majority of issues had risen to small gains. Steel which had sold down to 109'i came back to above 110 and American Can rose toward the 106 level from its low of 104 T s. Tobacco Issues Strong Strength in mercantile shares and tobacco issues featured. Woolworth rose to anew high for the year at 70. up 1\ net and R. J. Reynolds B. rose to 52%, a gain of a point. Other strong spots included Kresge, which made anew high at 28'/, up l'i; Scars Roebuck at 54 •?*, up 1 '-ft; Kroger, 34 Vi. up %. American Tobacco B rose nearly a point to 125 vi, and Lorillard, % to 18%, while In the retail division United Cigar Stores was active and firm. Western Union Weak Western Union was again a weak feature in the communication group, breaking 2% to anew low lor several years at 105%. St. Louis Southwestern made anew low at 15U, off 'i In an otherwise fairly steady railroad group. Standard of New Jersey eased nearly a point to 36 4 in the oils. Call money renewed at 1% per cent, but funds were in supply and the rate outside the Stork Exchange dipped as low as 1 per cent. This easy money helped the bond market where prices firmed up all around.

RAILROAD VALUATIONS OFF $7,000,000 FOR YEAR Property Worth of Four Systems Cut by Tax Board. Reduction of $7,856,840 in assessed valuations of lour railroad properties was made by the state tax board today. Valuation ol the New York, Chicago and St. Louis (Nickel Plate) was set by the board at $37,842,990, a $3,035,200 cut. Reduction of $3,380,110 was made on the Monon, the 1931 figure being $28,908,210. Chicago & Erie was valued at $17,785,572, a $1,278,910 cut under the 1930 figure. Lake Erie Western received a $112,620 reduction, the new assessed valuation being $8,628,430. GENERAL BUTLER ILL Marine Chief. Suffering with Laryngitis. May Delay Oregon Trip. Ry United Press PHILADELPHIA, May B.—MajorGeneral Smedley D. Butler returned to Quantico today under orders ironi Dr. Ellwood Kirby to cancel all speaking engagements for the next two days. His illness with laryngitis may delay his trip to Oregon, where he will organize -a new state police system.

MEDICINE GAVE WONDERFUL AID Konjola Just What Was Needed In This Stubborn Case—Wins Real Victory. Konjola is a compound of 29 ingredients and is recommended for ailments of the stomach, liver, kidneys and bowels and rheumatism, neuritis and nervousness.

■i>—nw—i —■■■■!wininm 11ii v. - - unranNi N, - f SfIMSi

MRS. FRANCES E. McBANE

This great medicine is not a “cureall’; there is no such thing. But read with profit the-experience of Mrs. Frances E. Mcßane, 604 East Market street, Indianapolis. Mrs. Mcßane says: “1 suffered with my stomach for twelve years. I had a poor appetite and Moated severely after the lightest meals. Heart palpitation and short ness of breath were common. My kidneys weakened and night risings were necessary. Hack pains were severe and many days 1 could not walk. My liver was sluggish and headaches anti diziy spells followed. Constipation worried me. 1 began taking Konjola about a year ago aud it built me up wonderfully. My stomach began to work normally and that seemed to correct the weakness in my liver, kidneys and bowels. My nerves were strengthened and i began to sleep well at night. Not enough can be said in praise of the merit of Konjola.’’ The flies of Konjola are filled with jnst such enthusiastic statements. Demand Konjola and get it: don't be switched to a substitute. Konjola is sold in Indianapolis at the Hook Dependable Drug Store. Illinois and Washington streets.—Adver tisement,

New York Stocks Bv Thomson St McKinnon > ————

—May 8— Prev. Railroad* — High. Low. 11:30. close. Atchison . ... ... 170% Halt <si Ohio 63% 63% 61% 63 Chesw & Ohio., .. ... 4040 Cher,a Corp 42% 42% 42% ... Chi N. West 33 ft C K I & P 46% ... Del L & W ... . , 63 Del ft Hudson 131 Erie 23% 23% Erie Ist Dfd ... 33 Great Northern 56 Vi 56% Gulf Mob As OU 13% Illinois Centra! . .. 57% M K ft T...-... 15% 15 15 15% Mo Pacific 23 Mo Pacific pfd. ... 70 N Y Central.... 97 96% 86 i 98% Nickel Piate 56 NY NH Ac H 74% 74 Nor Pacific . 42% 42% Norfolk & We t . . 185 O ds W 7 % Pennsylvania 52% 52 52 52% Seaboard Air L .. ‘ % % So Pacific 84 32% 82% 8t Southern Ry 40 35% St Paul 5 St Paul pfd 9 8t L & 8 F .. 17% 15% 13% 18% Union Pacific 171 Wabßf.h 12% W Maryland '... 12 West Pacific ... 7% Equipments— Am Car A: Fdy. .. , ... 21 Am S ce! Pd.... 18 17% 17% 18% Am Air Brake S 29% 29% Gen Am Tan!:.. 58% 57% 58 53% General Flee .. 44% 43'% 44% 44 Gen Ry Signal. 55 55% Pullman 38 37% 37% 38% V/e tin • l Ar B. 27% .':'% 27% 21% Vestingh Flee.. 61% 59% 60% 61 Rubbers— Fire tone ... ... 15% Fisk % Goodrich . . . 11% Goodyear 30% 33% 33% 38% Kelly Sprgfld .. 2 U S Rubber 11% 14% Motors— Auburn 224% 218 222% 219% Chrysler 19% 19% 19% 19% Graham Paige.. ... 6 6% General Motors 43 42% 42% 42% Hudson .. ... ... 16 % Hupp 8% 8%- 8% 8 Mark . . . . 29% Nash 31% Packard ... 7% 7% Reo C% 6% Studebaker ... 20% Yellow Truck 9% ... Motor Access— Bend::: Aviation 13% 18% 13% 18% Berg Warner.. 20% 29% 20% 20% Briers 15% Eaton 12 11% 12 11% El Sioreee B 58 Haves Body . • 4% 4% Honda ... ... 6% Motor Wheel.... 13 12% 13 12% Spark? W 8 Stewart Warner 12% Timken Roll ... ... 45% .Mining— Am Metals .. ... 14 Am Smelt .. 35% 35% Am Zinc 4% Anaconda Cop.. 27 26% 27 26% Cal & Hecla 7 7% Cal As Aria ... 31 32 Cerro cle Pasco. . 16% 16% Freeport Texas 28% 28% 28% 28% Granby Corp 14 13% Great Nor Ore.. .. ... 21% 21% Howe Sound ... .. ... ... 18% Int Nickel 14% 14% r-% 14% Inspiration 7 Kcnnecott Cop.. .. ... 20% 20% Magma Cop . ... 17% Miami Copper.. .'. 7 Nev Cons 3% 8% Texas Gul Sul.. 407a 39% 39% 40 Oils— Amerada j . ... 17% Atl Refining 14% 14% 14% 14% BarnEdcll 8 8 Beacon . 8%

Investment Trust Shares

(Gibson & Bernard) PRICES ARE TO 12 NOON C. S. T. —May 8 — ( Bid. Ask. Amer Founder's Coro c0m.... 3% 3% Am At Gen Sec A .14 Am Inv Trust Shares v 5 5% Basic Industry Shares 5% 6% Corporate Trust Shares 5% 5% Cumulative Tr Sh 6% 7% Diversified Trustee Shares A.. 15% IDs First American Corn 7% 7% Fixed Trust Oil Shares 4% 4% Fixed Trust Shares A 15% Inv Trust N Y 6% 7% leaders of Industry series A... 7% Nation Wide Securities 6% 6% National Industry Shares..... 5% 6% N An Trust Shares 5% 5% S"T Am Shares 4% 5% Bhawmut Bank Invv Trust... 5 10 Universal Trust Shares 5% 5% S W Strauss Jnvv Units 32 Sneer Corn ol Am Tr Sh A.. 6% 6% Fundamental Tr Sh A 6% 7 Fundamental Tr Sh B 7 7% U S Elec Li fz Pwr A 29% 31%

Net Changes

7i.v United Press NEW YORK, May 7. —Closed prices and net changes on principal stocks traded todry on the New York Stock Exchange follow: Ud. Off. Alaska Juneau 13% ... % American Can 106% ... 1% Amer and Foreign Power.. 32% % ... Amer Teienhone 180% ... % Atchison (unchanged) 170 Auburn 219% ... 2% Bethlehem S.cel 44 % Case 8t % ... 1 Columbia Gas 29% ... 2% Consolidated Gas 94%‘ ... % Fox Film (A) 18 ... % General Electric 44 ... % General Motors 42% % ... International Telephone... 27 ... 1 Loew's. Inc. (unchanged).. 43% McKeesport Tin Plate 83% ... % Montgomery Ward 18% ... la N Y Central 98% % ... North American 69% ... % Pennsylvania R R 52% ... % Radio 18 % ... Radio-Keith 17% ... % Standard Brands 17% % Standard Oil. N. J 37% .-. % Texas Corpn 21 ... 1 Trmsamerica 8% ... % United Cornn 22% . % T 7. S. Steel 11l . . 1% Vanadium 42%; ... % Weslinghouse Electric 61% % ... Woodworth 68% 3%

Indianapolis Stocks

—May 8— Bid. Ask. American Cent Life Ins Cos.. 1,000 Bo't R B & S Yds Cos com... 33') 39At B? t R R & S Yds Cn pfd RU„ 49‘i 54N Uobbs-Merrill Cos. C 2.25 20 27 Central Ind Pow Cos pfd 75.... 82’i 85 Circle Theater Cos corn 7s .100 Citizens Gas Cos com lCs .... 24 Citizens Gas Cos pfd 5s 97'.a 101 Commonwealth Im Cos pfd Bs.. 100 Commonwealth Loan Cos pfd 7s 98 102 Hook Drug com 7 Indiana Hotel Cos Claypool com 105 Ind Hotel Cos pfd 6s ISO Intipis Gas Cos com 6s 57 61 Indpls Pew & Lt Cos pfd e'zS.lOt 106*/2 Indpls Pub Well Ln Assn cm 3s 50 Indois Wa Cos Dfd 5s . ... .101 “Pub Servos Ind 7G 99 101 Vi “Pub Snrv of Ind 6Vo 84 87 Metro Loan Cos 8s 100 Indpls Wa Cos pfd 5s 101 North Ind Pub Ser Cos pfd 5*.;S 92*4 97',i No Indiana Pub Sv Cos pfd 65.102*3 105 No Indiana Pub Cos 7s 110 E Rnuh & Sons Fert Cos old 6s 47 Shareholders Invest Cos 8 ... Ter Haute Tr & Li Cos pfd 6s 81 1 a ... Union Title Cos com 3r. ... 23 Van Camp Prod Cos Ist pfd 7s .. 93 Van Camp Prod Cos 2nd pfd 8s ... 93 Auburn Automobile Cos c0in..192 194 Backstay Welt Cos com 14*4 18 Ind Pine Line Cos .. 17 13 Link Belt com 26 28 Lvnch Glass Machine Cos com 17*i 18‘ 2 N Y Central Railroad Cos 97 98 Nat Tile Cos com 5-6 19 22 Noblitt Sparks Industrial Inc 38 38 Perfect Circle Cos com 25 26 Real Silk Hosiery Mills Inc Cos 15 ’i 16 Standard Oil Cos (Indiana!.... 25 27 Studebaker Corporation ... ?fi 2-! Ross Gear 18*4 2 n *i Natl Tile 4* 4 5 •Ex-dividend. BONDS Bid. Ask. Belt R R A; Stk Yds Cos 4s ... 91 Cent Ind Gas Cos 5s 99 Cent Ind Power Cos 6s 97*4 ... Citizens Gas Cos 5g 69 102 Citizens Street Railroad 55.... 25 Home T A: T of Ft Wayne 6s 102 Ind Raiiw & Light Cos 5s 93 96 Indpls Pow As Ii Cos 5s 101 103 Indpls Gas Cos 5s 101 102*4 Indpls Street Indpls Trac Terminal Cos 55... 44*4 48 Indpls Union Rv os 100 Indpls Water Cos s'iS 1054....103 104*4 Indpls Wat Cos Ist lien & ref 5s 98 Indpls Water Cos 4Ns 103’4 105*4 Indpls Water Wks Sec Cos 5s 89 Interstate Pub Per Cos 4 1 4s .... 97 Interstate Pub Ser Cos B 6*i5..103 No Ind Pub Serv Cos 5s 102*4 . . No Ind Teleph Cos 6s P9*i 100

Sugar Decree Is Signed By United Press ' HAVANA. May B.—The official decree creating the Cuban National Sugar institute was signed Thurc* day night by President Gerardo Machado, in accordance with terms of the international sugar pact to be signed in Brussels Saturday. It MV SUGAR i -T : S —Mav ” Hl<rh. low. C’.cse •Ir.r.uarv l 39 ’.33 1.26 : March 1..<2 1.49 1.41 Mav 2.11 1.1! 1.11 July 1.18 16 !.18 IVCPUiber 1.3? .’2 174 Seotember i 27 : 21 1.25

We Buy and Sell Real Estate Preferred Stocks and Bonds ZAISER & ZAISER *Ol wTetcher American Building 129 E. Market St.

Houston 9 8% Indian Refining ... ... 2% Ohio Oil ....... 8% 8% 8% 8% Mex Bbd 15% 15% 15% 15 Mid Conti 9 8% 9 8% Phillips 7% 7% 7% 7 s Pr OU ft Gas 10 Pure Oil 6% 6% Richfield 1% 1% Royal Dutch ... 29% 29% 23% 29% Shell Un 5% 5 Simms Pt ... 6 Sinclair 8% 8% 8% 8% Skellv 5% Standard of Cal 33% 37% 37% 31 Standard of N J 37% 36% 36% 35% Standard of N Y 18% 19% Texas Cos 20% 20% 20% 21 Union Oil 17% Steels— Am Roll Mills 24% Bethlehem 44% 43% 44% 44 Byers A M 37% 37 %* 37% 37 Colo Fire! 15% Cruc Steel 47% 47 Inland 44% Ludlum .. . 1.0% 10% Midland 20 19% 20 19 Newton 13 Repub I & S 13% 13% 13% 13 U S Steel 111=, 109% 110% 111 Vanadium 43 42% 42% *2% Youngst SAW 20 Tobaccos— A Tob A (newt ...... 120 121 A Tob B 1 new; ... ... 125 General Cigar ... . . 33% .. . List At Myrs 181 80% 79% 79% 80% Lorillard 18% 18% Phil Morris in% ... Reynolds Tob 51% 51% 51 = 4 51% Tob Pr A 13 12% Tob I'r B 2=4 United Gig 6% Utilities— Abitibi . 53 4 5% Adams E.\n 15 14% 14% 15 Am For Pwr 32% 31 s * 32% 32% Am Pwr ft Li 43% 43% A T A: T 130 179% 180 130% Col Gas At El 29% 29% 25%. 29% Com & Sou B=4 8% 8% 8% El Pwr At Li 44% 44% 44% -44% Gen Gas A 5% 5% 0% 5% Inti TAt T 27% 26% 27 27 Natl Pwr Li 29% 29% 29% 29% No Amer Cos 68% 68% 68% 69% Pac Gas & El 47 47 Pub Ser N J S3 £2 82 83 So Cal Edison . ... 44 Std GAt El 71% 70% 71 70% United Corn ... 22% 22% 22% 22% TJI Pwr At L A.. 23% 23% 23 1 - 23% West Union ...103 196% 103% 108 Shinning— Am Inti C0r0... 15 I%* 14% 14% Am Shin Ar Com . .... % % Inti Mer 7,1 pfd.. 9% 9 9 ... Mo Gm Llovd 28% United Fruit 53’ 2 Foods— Am Sug 50 Armour A 2% Cal Pk.g 25% Can Drv 41 40% Childs Cos 20% • 21V 3 Coca cola 149% 149% 149% 14) Cont Baking A 12 Corn Prod 66% 66 Crm Wheat ... 30 29 Cudahv Pkg ... ... 4t Gen Foods 51 50% 51 50% Grand Union 15 15% Hershey 93 95% Jewel Tea 44 Kroger 34 33% 34 33% Nat Biscuit .... 72% 71% 72% 72-, Purity Bek ... 31% Safeway St 51% 51 Std Brands .... 18% 18 18 17% Drugs— Coty fnc 9% 19% Lambert Cos 78% Lehri At Fink . . 28% Indus rials— Am Radiator ... 13% 13% 13% 13% Certair.tced , .. ... 41. Gen Asphalt . . 22% 22% 32% 22’* Otis Elcv 28% 39 Indus Clients— Allied Chem ... 123 122 122 12} Cora Solv 13 Union Carb 52 51 52 51% U S Ind A1c0... .. . 32% 32. t Retail Stores— Assoc Dry Gds..- 22% Oimbel Bros 5 Kresge S S 27% 27% May D Store.... 31% 33 Mont Wara 18% 16% 13% 18% Pennsv J C .. 36 Schulte Ret St.. . ... 7% Sears Roe 53% .52% 53% 53% Wcolworth 67% 67 V* 67 % 68% Amusements— Col Graph 9% 9 9% 9 Croslev Radio... 5% 4% 4%. .. Eastman K0d..., ... * 155 153% Fox Film (At.. 13 17% 13 18’ Grigsby Grunow . . 4 4 Loews Inc 44% 43% 43% 43% Param Fam .... 27% 26% 27% 27% Rado Corp 18% 17% 18% 18 jj, O-- 11 Vi 17 17 17% Warner Bros 7s. 71/Miscellaneous— Airway App 55V City Ice & F'u 32 ’2 Congoleum g 9 Amer Can 106% 10:% 105% 106% Cont Can 53% 53 53% 53% Curtiss Wr 3% 3% Gillette S R... 52% 32% 32% 32% Un Aircraft 28% 23 23 27-% Int Harv 49%

New York Curb Market

(By Thomson & McKinnon) —May 8— C ote.j Close Am Com Pwr.. 14 1 Nat Pu Servv A r<% Ark Gas 4% Newmont Min.. 35% Brazil P & L... mSlNia Hud Pwr... 10% Csn Marc 2% Prin & Whtly... 1% C.t:es Serv 14% Sel Indus ...... 3 Cord 11% Shenandoah ... 5% Durant M0t.... 2%.std of Ind 26' Elec Bond Sh.., 41%(Air Trans.. 737 Ford of Can... 20 iUn Gas (new).. 7% Fox Theater ... 3%tUn Lt & Pwr ... 22% Goldman Sachs 7hi Un Verde ...... 8% Gulf Oil 50 lUt & Indus.... 6% Int Pete 12 !Ut Power 8% Midwest Ut 19% Vacuum Oil 33% Mo Kan Pine... 5%|

Produce Markets

Eggs (countrv runt—Loss off delivered in Indianapolis. 12c; henery quality. No. 1, 13s: No. 2. 12c. Poultry (buying prices!—Hens weighing o lbs. or over, 15c: under 5 lbs., 14c; Leghorn hens. 13c; 1930 broilers, full feathered, 114 lbs. and up. 27c; under 1> 2 lbs.. 25c; bareback, 16e; Leghorn broilers, 23c: ducks. 9c; old cocks, 8@Bc:: ducks, full feathered, fat whites, 9e: eoese. 6c. These prices are for No. 1 top duality. Quoted by Kingau & Cos. Butter (wholesalei—No. 1. 27®28c: No. 2 235626 c. Butterfat —22c. 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, May B.— Potatoes —Market, dull and easy; Long Island, $2.50® 3 barrel: southern. S3® 5 barrel: Maine. $2.75® 3.6a barrel: Idaho. 49c®'52.60 sack: Bermuda. $6 (3.50 barrel; Canada. $1,356(3.40 barrel. Sweet potatoes—Market, easy: jersey baskets. 75c® $3.50; southern bassets. s2®3. Flour—Market, quiet and firm; spring patents. $4,604(4.80. PorkMarket. quiet: mess. $24.50. Lard—Market. firmer; middlewest spot. $8.45<7?8.55 Tallow—Market, steady; special to extra 3 3 jj(4c. Dressed poultry—Market, quiet: turkeys. 254744 c: chickens. 25® 38c; broilers. 30®44c: fowls. 14@26c; Long Island ducks. 17®20c. Live poultry—Market. steady to firm; geese. io@l2ci ducks. 136724 c; fowls. 17®22c; turkeys. 15®30c; roosters. 12r 14c: chickens, stags. 15c: capons, 17(o 45c; broilers. 21@41c. CheeseMarket, dull; state whole milk fancy to special. 13!fc22’,4c; young Americas. 'l4Vi @T9Vic. By United Press CHICAGO. May B.—Eggs—Market, firmer; receipts. 25.006 cases; extra firsts 16 3 .ic: firsts, 15’,-c; current receipts. 13 = 4 £‘l4 1 4c; seconds. 13c. Butter—Market, steady; receipts. 11.334 tubs; extras. 21 Vicextra firsts. 20=4® 21c; firsts. 20(®20V-c; seconds. 18® 19c; standards. 2i ! 2 c. Poul-try-Market, steady; receipts, 3 cars; fowls, 17®'18c: springers, 26c; Leghorns, 14’ 2 c; ducks. 18c; geese, 9c; turkeys. 22 ® 23c; roosters, 13c; broilers, 2 lbs. 37c. Cheese—Twins. 12 1 /2^12 3 4c; young Americas. 13*re. Potatoes—On track, 219; a--rivals, SS; shipments. 922; market, firm to weak; Wisconsin sacked round whites, $1.50®1.40; Idaho Russets, $1.60®1 65' Texas Bliss Triumph.-, 52.!)0®3: Florida’ barrel, Bliss Triumphs. $5.35. By United Press CINCINNATI. 0.. May B.—Butter, steady; creamery in tub lots, according to score, 200/22c: common score discounted. 2@3cpacking stock No. 1. !8c: No. 2. 14c; No 3 8c; butter fat, 17®.19c. Eggs—Kiriie-; cases included; extra firsts, 16c; seconds, 14 1 2 c: nearby ungraded. 15 1 2 c. Live poultry—Thin and coarse stock sell only at heavy discount; fowls. 5 lbs. and over, 17c: 4 lbs. and over, 19c: 3 lbs. and ever. 19c: Leghorns. 3 lbs. and over. 14c: roosters. 10*4c; broilers, colored full feathered. l l i lbs. and over. 29c: over I*4 lbs., 32c; colored over 2 lbs.. 34c: partly feathered. 15® 20c; Leghorn broilers, full feathered l’A lbs. and ever. 25c: over l*a ibs., 30c.’ By Unite and Press CLEVELAND. May B.—Butter—Extras. xV-- c: . standards, 25>ic. Eggs—Extras. 16 ‘4 c: firsts, 15=.tC. Poultry—Heavy fowls in medium. 23c: Leghorn fowls. 15c; heavy broilers 35 (33c: Leghorn broilers, 31c: ducks. 15 125 c; old cocks, 12c; geese, 15 ’l6c Potatoes—Maine Green Mountain, 52.4 P ® 2.55 per 120 lb. sack; Idaho Russet. *2® 2.20 per 100 lb. sack.

New York Bank Stocks

3v Thomson & McKinnon) ' —May 8 — . . Bid. Ask. America 47>,a Bankers i O 4 107 Brooxl' n Centra’. Hanover 224 2’ 1 9 Chase National 81*i ~B4*i Chatham Phoenix Natl 63 66 * Chemical .. 40*. City Nr.ticna! 81® 84 Corn Exchange 102 ids •'■’ommercial 270 280 Continental 17:, 20’i 'mplie 52 ~ -55 ’ First National 3.400 3 600 Guaranty 452 ’457 Jrvlmr 3l*a 33 5 a Manhattan & Cos 80 83 Manufacturer" ...• 4274 441; New York Trust 149 154 Public 47 .50 New York Liberty Bonds —May 7 • 102.3 ♦th 4HS Jt 104.6 Treasury 4*,s * > 112.16 Treasury 4s lose Treasury 3*s of 43 tMsrch)...,.. 101.31

THE INDIANAPOLIS TIMES

SWINE MARKET SELLS OFF On WEAK SUPPORT Decline of 10 to 15 Cents Registered at City Stockyards. HOGS May ■> 1. 87.10)81) 7.60 $7.60 5,000 : 2. 7.25 Vi 7.50 7.69 2,000 4. 6.96® 7.35 7.35 4.000 • 5. 6.80® 725 7.25 4.000 6. 7.10 ti 7.50 7.50 4.000 7. 7 JMO 7.40 7.40 6.000 8. 6JXI® 7.30 7.30 5,500 Hogs showed further weakness at the city yards this morning, prices declining 10 to 15 cents generally. The bulk, 160 to 300 pounds, sold for $6.90 to $7.30, early top holding at $7.30. Receipts were estimated at 5,500; holdovers were 337, Cattle were generally steady, receipts numbering 300. Veaiers held unchanged, selling at $8.50 down. Calf receipts were 800. In the sheep market lambs were 25 to 50 cents down. New arrivals numbered 200. Chicago hog receipts were 16,000, including 3,500 direct. Holdovers, 7,000. Opening slow, with a few early sales and most bids on lighter weights generally 10 to 15 cents Jower than Thursday’s average. Good to choice hogs weighing 170 ; to 220 pounds sold at $7 to $7.20. | Early top held at $7.25. Cattle receipts were 2,000. Calves 1,000, and | steady. Sheep receipts were 13,000, I and steady. HOGS Receipts. 5,569; market, lower. —Light Light—-(l4o-160) Good and choice...s 7.15® 7.25 —Light Weights—-(l6o-180) Good and choice... 7.25® 7.30 (180-2001 Good and choice... 7.25® 730 —Medium Weights—-(2oo-220) Good and choice.., 7.20® 7.25 1220-250) Medium and g00d... 7.10® 7.2a —Heavy Weights—-(22o-250) Medium and g00d... 6.90@ 7.10 1250-290) Medium end g00d... 6.65® 6.90 —Packing Sows—-(27o-500) Medium and g00d... 5.35® 6.00 (110-120! Slaughter pigs 7.00® 7.10 CATTLE (Slaughter Class) Receipts, 390; market, steady. Good and choice $ 7.00® 9.25 Common and medium b.ouf'C 9.00 (1.100-1,500). Good and choice 7.00® 9.25 Medium 6.00 m '<.os —Heifer:,— (500-850) 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 4.000 5.00 Cutter, common and medium.. 2.75® 4.00 CALVES AND VEAIERS Receipts 860; market, steady. Good and choice $ 8.000 8.50 Medium 6.00 V; 8.00 Culi and medium 3.50® 6.oft —Calves—-(23o-200) Good and medium 5.00® 7.00 Common and medium 3.00® 5.00 STOCKERS AND FELDER STEERS Good and choice 6.000 7.75 Common and medium • 4.50® 6.00 (300-1.500) Good and choice 6.75@ 7.75 Common and medium 4.00® 6.00 SHI.Fi* AND LAMBS Receipts, 200; rarakei, tower. (Shorn basis, except spring iambs) Good and choice $ B.oo® 9.00 Common and medium 6.CO® 3.0"! Spring lambs 10.50012.09 Ewes, medium and choice ... 2.50® 2.25 Cull and common 1.50® 2.75 Other Livestock By Unit (l Press CHICAGO. May B.—Hogs—Receipts, 16.COj. mc.uaing 3.605 direct; fairly active. rncT'y to shippers and small killers, weak to 15c lower than Thursday’s average; j top. 57.25. paid freely; buik good and ! choice. 160-210 lbs., $7.1007.20; strong- | weight butchers in good demand; most i 230-310 lbs.. $6.400 6.<4; bulk packing j sows. $5.600 5.90; light lights. 140-160 lbs.. good and choice. 37®7.25; light weights, i 160-2CO lbs., good and choice, $7.1007.25; | medium weights, 203-250 lbs., good and I choice. $6.80®7.25; heavy weights, 250-350 lbs., good and choice. $6.250.6.85; packing sows. 275-500 lbs., medium and good. $5.50 0.3: slaughter pigs, ICO-130 lbs., good and choice, [email protected]. Cattle—Receipls, 2,000; calves. 1.0C0: fed steers and yearlings, slow, about steady: yearling heifers strong; other she-Stock steady; bulls and veaiers unchanged; bulk fed steers and yearlings eligible to S7O 7.75; few held about $8; slaughter cattle and veaiers: Steers, 600200 lbs., good and choice. [email protected]; 9001,103 lbs., good and choice. $7.7509.60; 1.100-1.300 lbs., good and choice, $7.75® 9.50; 1,300-1,500 lbs., good and choice, $7.75 i 0.9.50: 600-1.300 lbs., common and medium. | $5,750)8: heifets, 550-850 lbs., good and choice. $6.5008.25; common and medium. $5.2506.75; cows, good and choice. $506: common and medium. $4.5005; low cutter ana cutter cows. $3.25 V/ j. 50; bulls, yearlings excluded), good and choice, beef. $J 05.25; cutter to medium. [email protected]; veaiers. milk fed. good and choice, $7.50 0 9; medium. $6.5007.50; cull and common, 5506.50; stocker and feeder cattle: Steers. SJO-1.050 lbs., good and choice. $703.25; common and medium, $5.2507. Sheep— Receipts. 13,000; market not established early; few sales wyak with Thursday’s decline, packers bidding lower; choice wooied lambs held above $9.75; slaughter sheep and lambs: Lambs 90 lbs. down good and choice. $9 0 9.90; medium. 58®9: 91-100 lbs., medium to choice. $7: all weights, common. $6.750 3: ewes. 90-150 lbs., medium to choice. $2.5003.75; all weights, cull and common, $1.500 2.50.

By United Press FT. WAYNE. Ind , May 8. Hogs Market 15c lower; 100-I=o lbs.. 56.50- 140160 lbs.. $6.75; ISO-180 lbs.. $7; 180-200 lbs.. $(.10; 200-220 ibs.. $7; 220-240 lbs.. SS.BS; 240-260 lbs.. $6.75: 200-280 ibs.. $6 55-280-309 lbs.. $6.45; 300-330 Ibs., $6.35; roughs, 55.25; stags. $3.50; calves. $8; wooled- lambs, $8; clipped lambs. $9; spring lambs. $lO. CINCINNATI, 0., May 8. —Hogs—Receipts, 2,000; heldover. 630; opened moderately active, mostly 20c lower; later trade Slow; some heavy hogs 25c cr more lower; better grade 160 to 220 lbs. largely $7.50; 230 to around 260 ibs., s7® 7.35; 200 to 310 las.. $3,504(6.75; 120 to 15b lbs., mostly $7; sows weak at $3.26Q5.50. cattle—Receipts. 250; calves, 230; slow; heifers weal: to 25c lower; other classes generally steady; odd lots common and medium . tiers and heilers, .$5.75®7; some more ?'V C . kind. $7,506; 7.90; most beef cows s4.<s® 5.50; low cutters and cutters. $3.25® 4.50; bulls. $5 down; few early sales of vealers steady; later trade mostly 50c lower; good raid choice, $7.50®8; a few choice lots early, S3 50; lower grades $7 down. Sheep—Receipts, 400; spring barelv steady to weak: good to choice truck lambs mostly 51.2C0; choice train offerings considerable salable at $12.50; common and medium, $96711; old ewes $3 down. By United Press .CLEVELAND, May B.—Hogs—Receipts 900: holdover, Csa; 15c to mostly 2jc h®dk r: 9?n*V nd - st ?i* steady; ten and 210 lbs.. Including pigs, $7.50; desirable. 220-250 lbs.. 57.35; 250-300 1. s S U O<): • ToVt Xti sows, $5.75; stags $4 Cattle—Receipts, _150; slow about steady; steers at $6... 5® 7,25: grade common, low and medium: bulk, $6.75 up; fat cows largely $4.30® 5; cutter grades. $2.50® 4 VMi.' es "—Receipts. 600: steady; bulk vealers t?i r L n iv lv at S9 or above; cull to medium. So® (.50; mostly s6® 7 late Thursday. Sheep—Receipts. 200; 'lambs , steaijy only choice clipped --above $3; best $3.50; culls downward By United Press ipLEDO. May B.—Hogs— Receipts 250' marxet 10®25c lower: heavies $6 50®' mediums. $6.75® 7; Yorkers. s7® 7 15- pig*’ s7® 7.15. Cattle—Receipt 50- market’ siow. Calves—Receipts, light; Market steady ShesD — ReC€i Pts. light; market, By United Press PITTSBURGH. Mav B.—Hogs Receints ’•800.; market, slow; desirable 210-215 ibsj arou; j*d 10® 15c lower; some hmd h.gner: packing sows, steady buik $5.50® o. Cattle—Receipts. 25- marker' nominal. Calves—Receipts. 125; market’ |L°? n - ar cv- und st k adv: choice vealers. up to *2-8®- Sheep—Receipts 500; lambs. s;ow; sheep, dull; no earlv sales. By United Press LAFAYETTE, Ind.. May B.—Hogs Market. 0 615 c lower: 160-180 lbs., 57.10’ 180200 105.,_ $7.05: 200-220 lbs . s7' 220-240 lbs., $6.95; 240-260 lbs. $6 90; 260-280 lbs $6.85: 280-300 lbs., $5.75; 300-325 Its $6.65; 140-160 lbs.. $3.60: 120-140 lb*’’ $6.75: 100-120 lbs., $6.60; rough;. $5 50 down: top calves. $7.50; top lambs. $9 spring lambs, sß® 10. * ’ By Times Special LOUISVILLE, Kv.. Mav &.—Hogs Receipts. 700: market. 20c lower; 225 lbs UP. $6.55; 165-225 lbs.. $7.10; 130-155 ,hs $6 40; 130 lbs. down. $5.75: roughs $4.05® 5.05; stags. $3.30. Cattle—Receipts 200' market, slow, steady prime heavv steers’ $7 25® 8; heavy shipping steers. s€.'2s®; 25* medium and plain steers. 53.50 86 25- fat common to medium S5 S 6.50: good to choice cows. *4 50 W 5.50: medium to good cows. *3 50®4 50cutters. $3.25®3.50; canners .52.504/3: bulls’ 53®4.50. feeders, 86.50(37.50; medium to good feeders. $5 a 6.50; Stockers. $5.5097 25 Calves—Recelots. 300; market, not established. prospects 50c lower. Sheep—Receipts. 1.100; market, not established, prospects steady. Thursday’s shipments—Cattle, 27; calves, 258; hogs, none; aheep, 1.322.

Dow-Jones Summary

Safeway Stores Corporation April sais amounted to $17,951,805 against *18.325 (JOT in April. 1930. Four months *88,60..<11. against $72,430. Net assets of Continental Chicago Corporation as of April 30. 1931. after deducting the market depreciation, amounted to $66.36 a share on outstanding convertible preferred stock and $5.16 a common share after deducting preferred stock at stated value of 50 cents a share Deduction of preferred stock at its liquidating value of 55 cents a share would leave liquidating value of $3.58 a share for the common stock. New York cables opened at 4.8613-32, against 4.86%: Paris, cheeks 124.42; Amsterdam, 12.105; Italy, 92.905; Berlin, 20.125. MacMarr Stores Inc. April sales. $6,586,666. against $7,109,222 in April. 1930. Four months $25,503,338. against $28,743,155. Daniel Reeves Inc. April sales $3,310.826 against $3,610,161 in April. 1930. Four months $12,034,372. against $12,536,461. Lane Brvant Inc. April sales $1,691,958. against $1,659,161 in April 1930. Four months $5,914,711. against $5,295,494. Simms Petroleum and subsidiaries first quarter net loss amounted to $396,376 after taxes and charges, against net loss of $37,554 year ago. Newport Company and subsidiaries first quarter net 41 cents a share on 521,000 common shares, against 82 cents a share on 485,705 shares a .year ago. Declared regular quarterly dividends of 25 cents on common and 75 cents on class “A" common stock, both payable June 1, of record May 23. , Wiatt & Bond Inc. declared a regular quarterly dividend of 50 cents a share on class “A” stock, payabla June 1, of record May 15. Lone Star Gas Corporation four months balance available for common stock, $3,414,827, against $3,371,477 year ago. Panhandle Producing & Refining Cos. subsidiaries first quarter net loss $123,557. after taxes and charges. Year ago earned $37,225, equal to $1.66 a preferred share. Exchange Buffet Corporation April sales $490,966. against in 1930. Twelve months $5,953,294, Against $6,653,588. Simmons Cos., excluding subsidiaries. April sales $2,403,478. against $3,144,138 in April. 1930. Four months $8,031,032. against $10,878,814. Including subsidiaries Simmons Company in April. 1931. sales $3,367,730. against $4,542,861 in 1930. F*Our months $10,754,582. against $15,687,924. Patino Mines and Enterprises Consolidate. Inc., quarter ended March 31, net loss $163,618 after depreciation, depletion and other charges against net profit $150,595. or 11 cents a share on 1,380,316 shares in first quarter of 1930. Chicago Great Western Railway will show net income after charges and taxes for April about equal to the net of $19.115 reported Hite month year ago. April gross likely will be about 15 per cent below the $1,910,411 reported a year ago. Universal Pictures Company and subsidiaries quarter ended Jan. 31. net profit $1,015,336 after all charges. April sales of Gtigsbv Grunow Company amounted to $2,409,792. Production on new automobile radio set will begin this month. Pere Marquette April loadings 50,559 cars, against. 46,545 in March and 61,370 in April. 1330.

J. M. SAUER RITES TO BE HELD TODAY U. S. Army Captain in World War Dead After Heat Illness. Last rites will be held at 3 this afternoon for John M. Satter, 37, of 3961 Graceland avenue, cable foreman for the Indiana Bell Telephone Company, and formerly a captain in the United States army. Death was due to a heat prostration suffered last summer. A short time ago he was compelled* to go to city hospital, where he died Wednesday. Mr. Satter served in the army in the Philippines and later in Mexico against Villa. At the beginning of the World war he was a sergeant major, and was promoted to a lieutenancy and later achieved a captain’s rank. Several years ago he was awarded a medal for saving the life of a man who suffered electric shock. Survivors are the widow and a son, John Satter Jr„ 13. Burial will be in Dayton, O.

Births Girls Floyd and Lena Johnson. 5211 Brockside C-ecrge and Ellem Rice. 809 Coffev. Charles and Charlotte White, 722 Virginia. Peter and Margaret Dietz. 3001 Meredith. David and Essie Bland. 2310 East Eightr eenth. * Boys Walter and Naomi Kemp. 2167 North Parker. Ernest and Crctta Jarvis, 404 North Tibbs. William and Lena Burge. 2152 Avondale. Conrad and Mildred Jung. 910 North Bosart. James and Thelma Reilly, 2627 Stanton. Deaths John E. Cray. 70. city hospital, diabetes mellitus. Fred G. Nolting. 45. Methodist hospital, acute dilatation of heart. Claude Wilder. 55. 1244 East Washington. acute dilatation of heart. Taylor Reed Cain. 60. 1007 South Randolph. Bright’s disease. Charles Harvey Mix. 55. 4940 University, chronic myocarditis. Marie Crifchlow. 54. Mathodist hospital, mitral insufficiency. Caroline Saunders, 67. 801 Birch, arteriosclerosis. Myrtle Adams. 35. city hospital, measles. James H. Reseanover, 55. 1339 Golay. aortic insufficiency. Thomas S. Kittle. 75. 444 North Keystone. angina pectoris. Caroline Limming, 76, city hospital, hypostatic pneumonia. Robert L. Thomas. 56. 1127 North Tacoma. acute encephalitis. Missouri Van Eenthuvsen. 78. 1413 North Arsenal, chronic myocarditis. Dane Utterson. 51. 206 East Fifty-first, influenza. Volaire Krause. 10. Riley hospital, mitral insufficiency. James Cruse. 72, 1611 North Meridian, chronic cholecystitis. Jerome Bartholomew. 59. Methodist hospital. chronic myocarditis. Silvina Waters. 75. 1897 Alvord, lobar pneumonia. Marriage Licenses Morris Scott. 33. of 1804 Lockwood street, upholsterer, and Clara Ends. 34. of 1804 Lockwood street, brushmaker. Glenn E. Duttenhaver. 27, of 2825 North Delaware street, bank teller, and Isabel Margaret Wilkinson. 22. Marott hotel. Paul Alexander Steele. 21. of 429 South Pipe street, interior decorator, and Edith LaFarv, 19. of 305 East Raymond street, factory worker. Edgar A. Green. 27. of 2756 Beileforttatae street, vvuicanizer, and Lilly Feitner, 22, of 555 Eugene street, comptometer operator. Alfred Mueller. 28. of 2221 North Talbot avenue. assistant superintendent, Lillv Varnish Company, and Lois Ohn, 20. of 2020 Central avenue. Robert M. Willard. 31. P.ushville, power company worker, and Thelma K. Floyd. 26, Indianapolis, housekeeping. Raymond J. McDonald. 25. of 5048 Manlove street, decorator, and Myrtle M. Hughey. 18. R. R, 16. Box 386. Other Livestock EAST BUFFALO. May B.—Hogs—On sale, 2.200; market, active; weights below 200 lbs.. 10® 15c lower; heavier kinds, strong to 10c higher; bulk desirable 120-200 lbs. $7.75; 225-250 lbs.. $7.60; 2.50-265 lbs.. $7.40. Cattle—Receipts. 273; calves. ?2~: market, slow, heifers wesk to 25c lower, other classes generally steady; odo .x. common and medium steers and heifers. $5.75® 7; some more desirable kinds. $7.50 ®>7.90; most beef cows. $4.75*35.50: lowcutters and cutters. $3.23® 4.50; bulls. So down; few early sales of vealers steady; later trade mostly 50c lower; good and choice. $7.50@8; a few choice lots early $8.50: lower grades. $7 down. Sheep-l Receipts. 400; spring lambs barely steady to weak: good to choice truck lambs mostly sl2; choice train offering considerable salable at $12.50; common and medium. s9@ll; old ewes, $3 down. HALSTEAD TAKEN" ILL Sudden illness of patrolman Earl (Battling) Halstead, ‘’the flying cop," in a North Keystone avenue filling station today sent police emergency squads to his aid. He had suffered an attack of indigestion, and after treatment drove to his home, 16 Whittier Place. Halstead is on the night shift and Thursday night was assigned to the circus gr(Winds, Southeastern and Keystone avenues.

STRONG BUYING SENDS FUTURE PRICES HIGHER • Short Covering Forces Com Options Up: Wheat Follows. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, May B.—Short covering and commission house buying of corn advanced prices sharply on the Board of Trade today, and wheat followed suit, both grains closing higher but reaching from the best figures on profit-taking sales. Trade was dull and lower early in both grains, wheat firming *>n the continued dryness in the American northwest and a rally at Liverpool and Winnipeg. Com Options Bought There was no material pressure on com and when buyers bought on the cold, wet weather over the belt, prices ran up. Oats were dull and held to narrow limits, taking some strength from the major cereals. At the close wheat was % to % cents higher with May unchanged; corn was ’i to •% cents higher, and oats were Vi to 3 s cents higher.,, Provisions were weak, mostly 5 to 10 points lower. Reports of political disturbances in Argentina firm’d Liverpool toward the close and prices were % cent lower to % cent higher at the finish. Buenos Aires started steady. Trade was quiet early although prices were sensitive as is usual with weather markets. Cash prices were unchanged to % cent higher. Receipts were twenty-five cars. Planting Is Stopped Corn trade was largely local early. The market was sold at the start in a small way, but recovered quickly when wheat firmed and at midsession prices had advanced Vs to cent. The wet weather was a bullish development as it has stopped planting in many sections. Receipts again were very small. Cash prices were unchanged to % cent higher. Receipts were forty-nine cars. Oats were steady with scarcely a price change in a dull and featureless session during the morning. Cash prices were unchanged to 1 cent lower. Receipts were twentysix cars.

Chicago Grain Table —May 8— WHEAT— Prev. Open. High. • Low. Close. Close. May (old). .82% .32% .32% .82% .82% (New) .84% .31 Vi .84% .84% .84% July 61% ..2% .61% .62% .61% Sept 61% .42% .61% .62% .62% Dec 64% .66 .64% .65% .65% CORN— May (Old). .57% .58% .57% .58% .57% (NSW) .58% .58% .58% .58% .57% July 59 .60% .53 .59% .59% Sept 58% .53 .53% .58% .58% Dec 51% .52 .51 .51% .51% CATS May (oMI. .27% ."3% .27% .28 .27% (New) .23 .23 .28 .28 July 27% .28% .27% .28% .28 Sept 23 .28 % .23 .28% .28% Dec. 30% .30% .30% .30% .30% May (Old). .35 .36% .35 .36% .35% (New) .35 .36 .35 .36 .35% July 36% .30 .36% .38% .37 Sept 37% .37 Vi .37% .39 .37% Dec 41% .42% .41% .42 Vi .42 LARD— May 8.05 8.15 July 8.22 3.22 8.20 3.20 8.25 Sept . 8.40 3.40 8.35 8.35 8.42 Oct 8.42 8.42 8.35 8.35 8.42 BELLIES— May 8.87 8.95 July 9.20 9.20 9.05 9.05 9.25 Tty Times Special CHICAGO, May B—Carlots —Wheat, 23; com, 35; oats. 38; rye., none, and barley, 6. By United Press CHICAGO, May B.—Cash grain close: Wheat—No. 1 hard. 83%084c; No. 2 hard 83%c; No. 2 red, 82% 0 83c. Corn—No 2 mixed. 57%c; No. 2 yellow. 58%@59c: No. 3 yellow. 580 53%c; No. 4 yellow. 56‘AcNo. 5 yellow. 55%c: No. 6 yellow. 55c- No 2 white, 59Vi0 60c: No. 3 white, 58%c. Oats—No. 2 white. 29c: No. 3 white, 28% S-9c: No. 4 white. 28%c. Rye—None. Barley—37® 6sc. Timothy Clover—sll@lß. By United Press , " r °L EI Jp. 0.. May B.—Cash grain close: Wheat—No. 2 red 8384 1/ 2C. Corn—No. 2 yellow, 63%@61 Vic; .No. 3 yellow. 61% o'G2%c. Oats— No. 2 white, 32%@33 , ic". Rye—No. 2,56 c. Clover—Domestic prime old. $13.75: prime new sl4; prime choice new $M.25; prime choice old, sl4; Oct., M 4 Dec., $14.50. Alsyke—Cash. sl4. Butter—Fancy creamery. 260 27c. Eggs— Country run, 3.4@15c. Hay—sl 25

Banks Clearings •

INDIANAPOLIS STATEMENT. . May 8— Clearings $2,965,000.00 D2bil -s 5,710,000.00 CHICAGO STATEMENT . —May 8— Clearings $70,400,000.00 Balances 5,400.000.00 TREASURY STATEMENT —May B—■ Net balance for May 6 $264,274,002 97 Expenditures 8.600,377.19 Customt reefs, month to date 6,235,176.04 AIR ARMADA INVITED South Bend Hopes to See Army Planes in Maneuvers May 17, SOUTH BEND, Ind., May B.—Efforts are being made to induce army officials to send part of an air armada which will engage in maneuvers at Dayton, 0., over South Bend on May 17. Representative Samuel B. Pettengiil of the Thirteenth district and Chamber of Commerce officials have interceded with F. Trubee Davison, assistant secretary of war, requesting him to reroute squadrons which will demonstrate the latest army air tactics over Chicago May 16. The planes will assemble at Dayton May 15. From there certain squadrons will be sent to Chicago, others going to eastern points. It is hoped Davison will permit a slight deviation in the course of the planes to permit them to pass over South Bend on the return flight to Dayton from Chicago. COUNTY AGENT RULING Education Board Declared Without Appointment Authority. By Unite and Press FRANKLIN, Ind., May B.—The power of a county board of education does not include the right to appoint a county agent nor fix his salary, according to P. H. Dawson, Clinton county attorney. The board last week attempted to reappoint V. J. Mann county agent, and reduce his salary. Dawson said the county agent could be appointed only by Purdue university officials and his salary determined only by the county council. The education board may approve the appointment, but neither it nor the council may abolish the office, Dawson held. NEW YORK COFFEE RANGE — Ma? 7 High. Low. Close. March ... 5.55 5.55 5.55 Mav 5.25 5 25 5.25 July g 5.47 5.29 5.47 September 5.64 5.40 5 63 December 5.73 5.50 5.72

The City in Brief

SATURDAY EVENTS Bet* Thet* PI, luncheon, Board of Trade. Sltnu Alpha Epsilon, luncheon. Chamber of Commerce. Junior Horse Show, Arlington Riding Stables, 2 p. m Students of the Indiana law school organized a debating society, the Dissenters, at a meeting Thursday night. Glenn Funk was named temporary chairman. Officers will be elected May 21. Annual banquet of the Phila-lethea-Philomusea to celebrate the silver anniversary of the Philomusea Literary Society of Indiana will be held at 8 tonight in the Severin. Dr. I. J. Good, president of Indiana Central, will talk. A dinner Saturday night at the Spink-Arms wall be the final meeting of the year of the Spanish Club. Robert E. Powell is the newly elected president of the club. Other officers are: Col. A. J. Dougherty, vice-president; Miss Ina May Lewis, secretary; Mrs. Louis P. George, treasurer. McGuffeyites will reproduce the comic elements of an old debating society, or lyceum, at 1:30 Saturday afternoon in Cropsey auditorium of the public library. W. A. Mason is chairman of the meeting. Quarterly meeting of the OldTime Printers ’Association will be held Sunday at 2:30 p. m. at Typographical Terrace, Twenty-eighth and Meridian streets. Philip Oxnam, 13. son of Dr. G. Bromley Oxnam, president of De Pauw university, is recovering today at the Methodist hospital from an appendicitis operation. The operation was performed Tuesday. Semi-annual meeting of the Indianapolis Boy Scout council will be held June 6 at the country estate of Earl Kiger, member of the executive board

COUNTY MAY SET HOSPITAL Trustees Offer Institution at Bedford. By Times Special BEDFORD, Ind., May B.—Lawrence county commissioners are considering an offer by the trustees of the Dunn Memorial hospital to accept a deed for it and operate it as a county institution. Trustees informed the county officials that all provisions of the Moses Pell Dunn will creating the hospital, have been compiled with in connection with the projected change. The county now levies a 2-cent tax to aid in maintaining the institution. If the change is made, county commissioners and eight other men, the latter to be appointed by the judge of Lawrence circuit court, would comprise the board. PUBLISHER TALKS AT ADVERTISERS’ SESSION McGraw-Hill Head Urges Business to Plan Intelligently. Intelligent planning o nthe part of business and industry can prevent disastrous economic depressions in the opinion of Earl White - horne, assistant vice-president of the McGraw-Mill Publishing Company. . . Whitehorne outlined the Mc-Graw-Hill platform for stabilization of industry in addressing a joint meeting of the marketing commission and the Advertising Club at the Chamber of Commerce Thursday. Unless business sets up its own controls through self rule, the government will be obliged to step in and the result will be socialistic legislation, he said. WARN ON ASSESSMENT Delinquency Notice Given Property Owners in Street Paving. Notices have been sent to 102 property owners who are delinquent in payments on assessments fer widening Sixteenth street from Delaware street to Northwestern avenue by .the city legal department, warning them suits will be filed if not paid within thirty days. The assessment extends from Fourteenth street to Eighteenth street, between Delaware street and Northwestern avenue. Six per cent interest must be paid by delinquents from Nov. 1, 1929, when payment was due. In addition they must pay treasurer’s costs.

BUS SUSPENSION ASKED Indianapolis-ShclbyviHe Line May Be Dropped; Eusines Bad. Indianapolis & Southeastern Railroad Company has petitioned the public service commission for permission to . abandon its Indianapolis to Shelbyville bus line until business gets better. City of Loganspcrt petitioned for reduced gas rates from the Northern Indiana Service Company. CUT IN AUTO COLLISION Car Caroms Into Elevation and City Man Is Injured. Crashing into a railway elevation abutment after colliding with another car at East and Pearl streets today. Richard Weaver, 28, of 1435 Herschel avenue, suffered severe cuts. R. j. Rhude, 39, of 1439 East Raymond street, drove the other car. Columbus Man Dies By Times Special COLUMBUS, Ind., B.—Wesley Weaver is dead at his home here. He was a member of the Catholic church. He leaves three sons, John and Samuel Weaver, this city, and James Weaver, of Seymour; a daughter, Miss Bessie Weaver, this city; two brothers and a foster sister, Jack and Samuel Weaver and Mrs. Mollie Stillabower, Edinburg. Anderson Wife Sues By Times Special * ANDERSON, Ind., May B.—Tired of working in factories for money to maintain the household while her husband spent his money allegedly for liquor, Mrs. Harry Mitchell has filed suit for divorce in superior court. The couple was married in 1928. i

MAY 8, 1931

JUDGE DENIES BROTHERS' PLEA FOR NEW TRIAL St. Louis Man Convicted of Slaying Lingle Given Fourteen Years. By f nit at Press CHICAGO, May B.—Judge Joseph Sabath refused today to grant a new trial to Leo V. Brothers, convicted slayer of Alfred J. Lingle, Chicago Tribune reporter, and sentenced him to fourteen years under the verdict a jury returned one month ago. Brothers' attorneys. Harry Cantwell of St. Louis, and James C. O'Brien, former assistant state’s attorney, served notice cf an appeal to the state supreme court. Judge Sabath granted a sixtvday stay of sentence for perfecting of the appeal. O Br:en entered the case with the withdrawal of Brothers’ other attorneys, with the exception of Cante ' a prosecutor, O'Brien was known as because of his hanging verdicts. Reads Written Opinion Judge Sabath departed from his usual custom and read a written opinion in refusing tile new trial. He said that because of the unusual amount of publicity given the case, the cnarges that uroftavanda was spread in an cilort to influence the public and the sharp difference of opinion among citii: ns on Brothers* guilt or innocence, he had taken unusual precautions to see that the St. Louis man obtained a fair trial and was given every opportunity to present his defense. When Brothers' attorneys said he was without funds, Judge Sabath revealed he had taken the steps which provided them with a complete transcript of all testimony at state expense.

Jury Above Average The jury, Judge Sabath said, was above the average in intelligence, saw the witnesses, heard the evidence. and returned its verdict after lengthy deliberation. He pointed out that under the law, the jury fixed the punishment • as. well as determining the guilt. Sabath said he had been moved to listen patiently to the arguments to give fullest consideration to the defense points of law but found none of sufficient importance to grant a new' trial. Brothers was In the courtroom when the decision was read. He was disappointed visibly when Judge Sabath denied the new trial motion and pronounced sentence. CAPTAIN DOLLAR IS ILL Shipping Chief Stricken Suddenly; Doctors in Consultation. By United Press RAFAEL. Cal., May B.—Captain Robert Dollar, shipping magnate and inspiration for the "Gappy Ricks’’ of fiction, was seriously iil today at his home. Dr. Rafael G. Dufficy said Captain Dollar’s temperature was 104. Several other physicians were called for a consultation. The illness of Captain Dollar, who is 85 years old, developed suddenly and its nature was not disclosed. Three to Get Degree Three candidates will be given the entered apprentice degree at a meeting of Broad Ripple lodge. No. 643, F. and A. M„ 6235 la Bcllefontaine street, tonight. Initiates are Robert Echols. Clco E. McLean and Fredelck Steiger. Legal Notices LEGAL NOTICE OF PUBLIC HEARING POSTPONEMENT. PUBLIC SERVICE COMMISSION DOCKET NO. 1244-M. In the matter of the application of Indianapolis and Southern Motor Expre , Montgomery. Indiana, for a certificate i. [ public convenience and necessity to op - ate motor vehicles es a common carr r of property, only, be.tween Huntingbi ; and Evansville, Indiana, serving Dr ( , Boonvilie and other intermediate points Notice is hereby Riven that the Put. o Servvlce Commission of Indiana will conduct public hearing in the above ei.tit j cause In the rooms of the Commission r >, Indianapolis, Indiana, at 10 o'clock a. : . on Wednesday. June 17. 1931. Public participation in this hearin,-; i requested bv the Commission. PUBLIC SERVICE COMMISSION OF INDIANA.

Bv J. \V. M’CARDLE. T . . Chairman. Indianapolis. Inciana. May 7. 1931. ?#lsv 3 1931 NOTICE OF BIDS ON' SUPPLIES F l THE USE OF THE PUBLIC INSTITU TION3 OF THE STATE OF INDIANA Notice is here.;y given that the Jo.-t Purchasing Committee for the benevol- t and correctional institutions of the St e of Indiana will receive at the office of its secretary. Room 326 Slat” House ui : i 10 o clock a. m. Monday. May 18. 193:. sealed bids on Dry Goods and Notiar s n l > *V on Ti.e in the office of the secret-cy of the Committee. The Joint Purchasing Committee reserves the rlsht to refect any and all b:l “ a to waive technical defects. JOiNT PURCHASING COMMITTEE OF INDIANA. PAILY E. McCOY. Secretary LEGAL NOTICE OF POSTPONEMENT < P PUBLIC HEARING PUBLICSERVICE COMMISSION DOCKET NO. 911-M. CJ2-M. the matter of the petition of * odie’Aay Lines of Indiana. Incorporat c amend certain portions of Motor Vehicle and lr 9l" ii' arr ‘ er Ger tificates No. 911-M Notice js hereby given that h<iarine n the above entitled caute before the Pul .1 Service Commission cf Indiana, here. - fore set for Mav 15. 2331. will be held at the rooms of the Commission. Sta -' House Indianapolis. Indiana, at 10 o ciocx a. r.i. on May 22. 1931. PU3LIC SERVICE COMMISSION O'-’ INDLANA. By HOWELL ELLIS. _ . Commissioner. Indianapolis. Indiana. Mav 7. 193*. LEGAL NOTICE OF PUBLiC~HEARING” PUBLIC SERVICE COMMISSION DOCKET NO. 1049,3. In the n.a.ter of tne petition of Ca’-j. met Railways. Incorporated, for authorr r to abandon its street railway system ®i East Chicago. Hammond and Whiir Indiana. _ Notice is hereby given that the Pub’.io Service Commission of Indiana will conduct public hearing in the above enttic-i cause in the rooms ox the Commission at Indianapolis. Indiana, a* 10 o'clock a m on Thursday Mev 2i. 193! ' Public participation :n this hearine > requested by the Commission. n ' arlnK l * PUBLIC SERVICE COMMISSION OF INDIANA. ' BY J. VV. MoCARDLE, Indianapolis. Indiana Chairman. Mav 7. 1931. BOARD OF ZONING APPEALS' * V- . N , OT u l - E HEARING. Notice is hereby given that v t Borchert has filed With the c ; Zoning Appeals of the City of Inc r - apolis, a petition asking permisa") t > vary the requirements of the z 3 , - Installing gasoline tanks and pumps in th rear of the ..outhwestern r 'Wenue R ° aCkf Str6Ct and &£- A Public Hearing will be held h- - a .i iVrSK™wfil* b n eiv?n aC ’ a!! interested p-r o.’.s BOARD OF ZONING APPEALS. „ R „ GEO T. O'CONNOR. Pr? JL_°x_gTSgQ gJg-ctarv-Engineer. ARB -In loving remembrance of our dc;r Sf#, 1 four FARB j who departed this lire foUi Years ago today, Mav 8. 1927. w- < VL n l t fo . r *et you. nor do we intend. we .J“55-°* rou often, and will to the end; Gone and forgotten bv some you may be. But dear to our memory you ever will be. Sadly missed by SONS AND DAUGHTERS