Indianapolis Times, Volume 43, Number 9, Indianapolis, Marion County, 21 May 1931 — Page 14

PAGE 14

STOCKS STAGE SWIFT UPTURN IN FAST TRADE Freight Rate Decision by Eastern Roads Has Quick Effect.

Average Stock Prices

Average of thirty Industrials for Wednesday was 137.74. off 1.12. Average of twenty rails was 78.69, up .84. Average of twenty utilities was 55.23. ofT .54. Average of forty bonds was 95.58. up .08. BY ELMER C. WALZER United Press Financial Editor NEW YORK, May 21.—The stock market bounded forward todaygains from 1 to 10 points being recorded —In a late arlly which brought about such heavy trading that tickers ran behind. According to preliminary calculations the Dow, Jones & Cos. Industlral averrage advanced 1.80 points to 139.54; rail average advanced 2.38 points to 79.07. Sales totaled 2,040,000 shares, compared with 2,300,000 shares Wednesday. Rails led the market from the ruck in which it has been the laist several days. The carriers advanced on decision of eastern rf.ilroads to attempt to have the interstate commerce commission revise eastern rail rates upward. This combined with the fortnightly brokerage settlements in Loncfon, in which no difficulties were reported, brought the forward move. The advance came suddenly and Unexpectedly. During the first three hours today the same lethargic tone that has characterized trading for the last week prevailed. There was a sagging tendency. No particular pressure was exerted. Then shortly after 2 p. m.—when the rail leaders’ move was forecast —the market suddenly came to life. Rails spurted. Other stocks, which of late have been undergoing pressure, swung Into line. United States Steel, which had drifted below par, wane back. Professional shorts found offerings limited and they were forced to make swift bids to cover their commitments. Atchison rose to 159, a gain of 10 points from its early low. New York Central, Pennsylvania, Chesaspeake & Ohio and other rail leaders made strong comebacks.

Bank Clearings

TNDIANAPOUS STATEMENT —May 21Clearing* $2,392,000.00 Debtts 5.575.000.00 TREASWY STATEMENT —May 21Net balance for May 19 $124,083,995.80 Expenditure* 10,464,111.77 Customs rects. mo. to date.. 18.153.662.03

Investment Trust Shares

(By Gibson & Bernard) PRICES ARE TO Vi NOON C. S. T. —May 21Bid. Ask. Amer Founder’s Corp c0m.... 2T' 3 Am & Gen Sec A 14 ... Am Inv Trust Shares 4 s * SV Basic Industry Shares 5 5 3 * Corporate Trust Shares 4 3 i 5 1 * Cumulative Tr Sh 6 1 * 67s Diversified Trustee Shares A 1414 ... First American Corn 7* t 7 3 * Fixed Trust Oil Shares 37i 4% Fixed Trust Shares A 12la ... Inv Trust NY 6 7 Leaders of Industry Series A ... Nation Wide Securities .... 5 3 a 6Va National Industry Shares 5 1 /* 57 a N Am Trust Shares 4 3 * 5 1 * Bel Am Shares 4Vi 5 Shawmut Bank Inv Trust... 7 10 Universal Trust Shares 5 57'a Super Corp of Am Tr Sh A.. 5 3 'a 6 Fundamental Tr Sh A fi 67i Fundamental Tr Sh B 6Vi 7 U S Elec LI & Pwr A 28% 307*

New York Bank Stocks

(By Thomson & McKinnon) —May 21Bid. Ask. America 42 45 Bankers 90 93 Brooklyn Trust 395 405 Central Hanover 215 220 Chase National 09 3 1 72’* Chatham Phoenix Natl .... 56‘,i 59’a Chemical .'. 40 42 City National 75% 78 3 /* Corn Exchange 98 102 Commercial 240 250 Continental 1774 29‘a Empire 45 ! ,a 43’j First National 4574 48'. First National 3,300 3,500 Guaranty 421 426 Manhattan & Company 70V* 73'i Irving 29 3 * 31 3 * Manufacturers 39Va 41 Va New York Trust 174 139 Public 44' a 477i

Net Changes

By United Press NEW YORK, May 21.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. Off. American Can 98 , i 2* a ... American Telephone 16S 5 1 7 ... Atchison 154> 6’* ... Auburn 210 5* 3 ... Case ■* 64 4* ... Consolidated Gas 90 1 i l 3 * ... Fox Film A 15 3 2 5 e ... General Electric 39’g 3 s . General Motors 38 ... 4* Gillette 32 3 ... ** International Telephone... 26 •' ... Kennecott 19* 3 44 ... Loew's Inc 40’* ... i--McKeesport Tin 79 l* a ... Montgomery Ward 19’ 3 N Y Central 87 2 7 , ... Paramount 26 3 l 3 g ... Public Service 79-* l s g ... Radio 16 s a 'g ... Radio-Keith 15>g ... Sears Roebuck 60 * Standard Gas 64 1 Stan Oil N J 34 7 g 4 ... Union Carbide 48’ 2 3 s ... United Corn 21 3 * ... United Gas Imp 29 ' ... U S Steel 89 7 g l'i ... Vanadium 367,, ... 2* a Westlnghouse 62' l 3 * ... Chicago Stocks Opening (Bv James HamlU & Cos.) —May 21— As Tel Ut 24‘V Insult C0m.... 30*i Bendix Avia... 174* Insult pfd . 78 Borg Warner.. 18 3 * Ins 6s 1940 82V* Cent So West.. 17 Midi Un com... 19 Cord Corpn..., 10 3 Mtddlew com... 18’* Con Ch Cos co.. S'g Nat'l Stand.... 28'g Con Ch Cp pfd. 35*a Swift & C 0.... 26 3 * Common* Ed ,230'g Swift Intern... 334* Gen Thea Ea. 4 util & Ind ofd.. 16 Grigsbv Gru .. 3*g

Cash Grain

—Mav 21— The bid* for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b., shipping point, basis 41' a c New York rate, were: Wheat—No. 1 red. 72417-lc; No. 2 red. 71©73c: No. 2 hard. 72074 c. Corn —Easy: No. 2 white. 50* a ©52c; No. 3 white. 49fiSO'ic: No. 3 vellow, Wii@so*2C: No. S yellow, 48’2((i49'.c: No. 2 mixed, 47 # 48c: No. 3 mixed, 46(u 47c. Oats—Steadv: No. 3 white, 25 3 i®2S 3 ic; No. 3 white. 24 3 *®25 3 c. Hay—Weak iF. o. b. country points taking 23 * a c or less rates to Cincinnati or Louisville.) No. 1 Timothy—*l4ol4.so: No. 2 timothy, sl3 Sl3 50; No. 3 timothv, sl2® 13; No. 1 light over mixed. $14014.50. No. 1 clover mixed, $14.50615; No. 1 clover hay sl3® 12.50. —lnspections Wheat—No. 1 red. 1 car; No. 1 mixed. 1 eax. Total. 2 cars. Corn—(New); No. 2 white, 1 car; No. 3 white, l car; Sample white, 1 car; No. I yellow. 1 car; No. 2 yellow. 1 car: No. 3 yellow. 3 cars: No. 4 yellow. 3 cars; No. 4 mixed. 1 car: Semple mixed, 1 car. Total IS cars. Oats—No. I white. 4 cart: No. 2 white, 5 cars: No 3 white, 1 car; No. 3 mixed, 1 car. Total. 11 cars. NEW YORK COFFEE BANGE —May 30— „„ . High. Low. Close. March . 605 6.00 6.02 May 6.08 6.00 6 06 1 July • SCO 5.76 577 fcepftaibet 5.82 8.33 s.w

New York Stocks (Bv Thomson Sc McKinnon) ""

By United Press NEW YORK, May 21.—Sales on the New York Stock Exchange totaled 2.400,000 shares; curb stocks totaled 550,000 shares. —May 21Prey. Railroads— High. Low. Close, close. Atchison 159 149% 148% 149 Atl Coast Line.. B0 ! /a 86 Vi 90‘ 88% Balt Si Ohio . . 58 54' * 58% 55% Chess Sc Ohio .. 38V* 35*4 36% 35** Chess Corp .... 38 36** 38 36V* Chi Ort West .. s*/ 5 s*/ 5 Chi N West .... 32 31 32 31 CRI & P 39 355* 38V* 35'* Del L& W 57 V* 55 57 V* 54 V* Del Sc Hudson.. 128 126 128 125 Erie 19V* 18*4 19 16*4 Erie Ist pfd 30 29 30 28'/* Oreat Northern. 51 48V* 51 49V* Oulf Mob & OU 15 Illinois Central. 54 515* 53 51 Kan City So 31 Minn S L V* MK & T 14% 13 14 13 Mo Pacific 19V* 18 19 17 Mo Pacific pfd.... ... ... 56 N Y Central .... 88V* 83V* 87 84V* NY NH Sc H.... 70*4 67% 70'* 67V* Nor Pacific 38 34% 36V* 35V* Norfolk & West. 176 175V* 176 176 O Sc W ••••••... 6% BV* 6*/* 6 Vi Pennsylvania .. 48V* 46V§ 47** 45% Seaboard Air L V* % */* ... So Pacific 80V* 76 39V* 77V* Southern Ry ... 33'-- 30V* 32% 30% St Paul 4V* 4% 4% 4*4 St Paul pfd ... 8% 7% 8 7*/s St L& 8 F 17V* 16*4 17V* 16*4 Union Pacific ..158V* 153*4 157V* 153V* Wabash 12% 11% 12V* ... W Maryland ... 11% 10*/ ll% 10V* West Pacific .... 6% 7 Equipments— Am Car Sc Fdy 19 13% Am Locomotive. .. ... 18 15% Am Steel Fd !... 14V* 14V* 14% 14*4 Am Air Brake S 27 Oen Am Tank.. 57V* 54V* 57 54*/* General Elec ... 40V* 33% 39V* 39‘* Gen Ry Signal.. 52% 50 50 52*4 Lima Loco 22 N Y Air Brake 14 Press Stl Car .. 3>* 3*4 3V4 3% Pullman 25% 25 25 34% West ngh At B 25% 24% 24% 25% Westingh Elec.. 62% 59% 62% 60% Rubbers— Firestone 16% 16 16 16 Fisk % i% i* % Goodrich 11% io% li' n Goodyear 39V* 37% 39 37V* Kelly Sprgfld 17. Lee Rubber 3 ' U S Rubber 14 12% 'l3l/, i 2 % Motors— Auburn 215% 198 210 204** Chrysler 17V* 16*4 17% 16V* Gardner % % Graham Paige.. 4*4 4% 4% 5' General Motors. 33*2 36V* 38' 38*4 Hudson 15V* 14>/ a 15 15V* Hubg 7% 7% 7% TV* Garmon 3% 3% 3% 3*/s Nash 39 V* 27 28 28 Packard 7 6*4 6% 7 Reo 6% 5 6 6% Studebaker .... 18 17 17*4 18*4 Yellow Truck... 8% 8% 8% 9% Motor Access— Am Bosch 13 13 Bendix Aviation.. 17V* 16V4 17% 17 Borg Warner... 19*4 18% 18% 18% Briggs 11% 10% 11% 10% Budd Wheel.... 8% 8% 8% 8% Campbell Wy.. 12% 12*4 12V* 12% Eaton 12% 12% 12V* 12% El Storage 8... 52% 52V* 52% 52V* Haves Body 3% ... Houda 5% 5% 5% 5% Motor Wheel 12% ... Sparks-W 7% 7 7 7% Stewart Warner 11 10% 11 10% Tlmkin Roll 41% 41 41% 41% Mining— Am Metals 11 10% A mSmelt 31% 30*4 31% 31% Am Zinc 4% 4% 4% ... Anaconda Cop.. 25% 24V* 25% 26 Cal & Hecla .... 6% 6 6 6 Cal Sc Ariz 27V* 29 Cerro de Pasco 16*4 16 Dome Mines ... 10% 10% 10% 11 Freeport Texas 25V* 24% 26 25V* Granby Corp ... 12*4 11*,* 11% 12% Great Nor Ore 21 Hov.-e Sound ... 17** 17 17 17*A Int Nickel 12% 12 12 V* 12*4 Inspiration 6 6% Kennecott Cop.. 19V* 18V* 19V* 19*4 Magma Cop 16V* 15V* 15V* ... Miami Copper 6 6V* Nev Cons ...... 8% 8 BV* 8% Texas Gul Sul. 39V* 37% 39% 38 U S Smelt 16 15% 15% 16 O i Is— Amerada 16 3 4 16V a 16 3 /4 16 7 /* Atl Refining.... 13% 13% 13% 13V* Barr.sdall 7 6% 6% 7 Beacon 8% 8% Houston 8 7Vi 8 7% Indian Refining .... 2% 2% Ohio Oil ... sVa 8% 8% 8% Mex Seaboard.. 15 34Vi 14V* 14Va Mid Cbntl B** 8 8 8 Phillips 6% 6 6 6% Pr Oil Sc Gas.. 974 9Vi 9% 9% Pure Oil 6% 6% Richfield 1% Royal Dutch 29 23V* 29 29** Shell Un 5 4% 5 4% Sinclair 8% 8% 8% B*4 Skellv 4V* 37* 3% 4*4 Standard of Cal 35% 35V* 35% 35% Standard of N J 35% 34V* 34V* 34% Standard of N Y 17% 17% 17% 1734 Texas Cos 21V* 20% 21 20% Union Oil 16% 18% Steels— Am Roll Mills.. 19 38Vi 19 18V* Bethlehem 43*4 41 42% 43% Byers A M 36% 34** 36 35*4 Colo Fuel 14V* 14% 14V* . Cruc Steel 45 43V* *3% ‘45% Ludlum 10% 10% 10V* 10 Midland 13 17V* 18 18 Newton io 1.4 . Repub I & 5... 12% 12% 12% "i2% U S Steel 100% 97% 997* 98% Vanadium 39V* 34V* 36** 39 Youngst S & T 56*4 55 55 Tobaccos— Am Sumatra 7% Am Tob Anew.. 109V* 108 109V* 109" Am Tob B new.. 114V* 112 Vi 1137* 113 Con Cigars 32 General Cigar 35 35 Llg & Myers B. 74V* 72% 74% 73% L-orillard 16V* 15V* 16 16% Phil Morris 9% 9%

New York Curb Market

(By Thomson & McKinnon) —M?.v 21Close.' Close. Am Com Pwr. 12 ;int Pete 10% Am Gas & El.. 62%'Midwest Ut ... 18% Am Lt & Tr... 39'hjMo Kan Pipe... 4% Ark Gas 3%lMt Prod 3% Brazil Pw & Lt 15*4 National Sugar. 29% Can Marc 2%iNational Inv 4 , Cities Serv ... 11 INia Hud Pwr... 10% Cons Gas 86>.*:Penrcad 5% Cord 10%jPrin Sc Whtly... 1% Crocker Sc Wh. 9 ,Sel Indus 3 Durant Mot... 1% Shenandoah .... 5 Elec Bond Sh.. 39V*|Std of Ind .... 24% Ford of Can.... 16%iStd of Kv 13% Ford of Eng... 12%|3td of Ohio 42*4 Fox Theater... 2 3 A l Stutz 23% Goldman Sachs. 6%|Atr Trans 6 s * Gulf Oil ...... 45%!tTn Gas (new>.. 6% Hudson Bay... 4 iUn Lt & Pwr... 20 Humble 0i1.... 53',i ! Uu Verde 7% Ind Terr A.... 10%<Ut Power 7% Insull Ut 31 IVacuum Oil .... 31*/*

Produce Markets

Eggs (country run)—Loss off delivered in Indianapolis. 12c; henery Quality. No. 1. 144 ac: No. 2. 13c. Poultry (buying prices)—Hens weighing 5 lbs. or over. 17c; under 5 lbs.. 15c; Leghorn hens. 15c; 1930 broilers, full feathered. 1 */a lbs. and up. 27c; under IV2 lbs.. 25c: bareback. 16c; Leghorn broilers. 23c: ducks, 9c; old cooks. B©9c; ducks, full feathered, fat whites, 9c; geese. 6c. These prices are for No. 1 top quality. Quoted bv Kingan & Cos. Butter (wholesale)—No. 1. 36027 c: No. 2. 24025 c. Butterfat—2lc. Cheese (wholesale selling price per pound)—American loaf. 22c; pimento loaf. 32c; Wisconsin firsts, 19c; Longhorns. 16c; New York limebrger. 30c. By United Press NEW YORK. May 21.—Potatoes—Market., new firm: demand better; southern. $2 <f3.75 barrel; Maine. $2.5003.50 barrel; Canada, $1.4003. Sweet potatoes Market. steady; jersey baskets. 75cff53.50; southern baskets. $2.75. Flour—Market, dull and steady; spring patents, $4.5504.90 barrel. Pork—Market, dull: mess. $23. Lard—Market, steady; middlewest spot, i.9008c lb. Tallow—Market barely steady: special to extra. 3*,2®3%c lb. Dressed poultry—Market, quiet and easy: turkeys, 25044 c; chickens. 25033 c; broilers. 27® 45c; fowls, 120,250: Long Island ducks. 17 ;19c. Live poultry—Market, steady to firm; geese. 9012 c; ducks. 13 024 c; fowls. 21'<i 25c; turkevs, 15®30c; roosters, 12o; chickens, stags, 12c; capons. 20® 45c; broilers. 200 39c. Cheese—Market, steady; state whble milk, fancy to specials, 12® 22><2c; young Americas, 13!&019Vac. By Unite^Preaa CINCINNATI. O. May 21.—Butter, steady; creamery in tub lots, according to score. 20022 c; packing stock No. 1. 18c; No. 2. 12c, No. 3. 8 c; butterfat, 17019 c. Eggs—Higher; cases, included extra flrsts. 17c: firsts. 15c; second. 14‘ a c: nearby ungraded. 16>2C. Live poultry—Thin and coarse stock sell only at heavy discount; fowls. 5 lbs. and over. 19c: 4 lbs., and over, 22c: 3 lbs. and over. 22c; Leghorns. 3 lbs. and over ,15c; roosters. 106 c; broilers, colored. I*4 lbs. and over. 29c; colored, over 2 lbs.. 34c; partly feathered. 15020 c: Leghorn broilers. 1 44 ,bs. and over. 29c; black springers. 20c; over 2 lbs.. 34c. By United Press CHICAGO. May 21.—Eggs—Market, firm; receipts. 25.391 cases: extra firsts. 18 3 *c; firsts, 17 3 *c; current receipts. 16017 c; seconds. 14 3 *c. Butter—Market, firm; receipts, 12.319 tubs; extras, 22%c; extra firsts. 21*20 22c; flrsts, 2O*io2lc; seconds. 18019*20: standards, 23c. Poultry—Market, steady; receipts, 1 car; fowls. 19®21c: springers. 26c: Leghorns. 15c; ducks, 16c; geese. 9c; turkeys, 200 23c; roosters. 12c; broilers. 30c; 2-lb. broilers, under 2 lbs., 26c; Leghorn broilers, 24c. Cheese—Twins, n*2®ll4c Young Americas. 12©12',c. Potatoes—On track. 197; arrivals. 46; shipments, 841; market, steadv to dull; Alabama, Louisiana and Texas. $1.60® 1.75Wisconsin sacked Round White, $1.1001.20; Idaho Russets, sl3o® 1.40. By United Press CLEVELAND, May 31.—Butter—Extras. 2**4e; standards. 27c. Eggs—Extras, 17 l ac; firsts. 17c. Poultry—Heavy fowls, 20c; medium, 22c; Leghorn fowls. 15c; heavy broiiers, 32036 c; Leghorn broilers, 35© SOc; ducks. is®2sc; tud cocks, 12c; geese, 15016 c. Potatoes—Maine Green Mountain. $1.8502; lew. *2.10 per 100-lb. sack: Idaho Russet, (’mostly slßs©3; few, *3.15

Reynold* Tob .. 49 48 48V* 48% Tob Pr (A) 11 Tob Pr 2% 2% United Cig .... 5 4% 5 5 Utilities— Abltibl J% 3% 3% 4 Adams Exp .... 13% 13*4 13% 13V* Am For Pwr 30 38 V* 28% 29% Am Pwr Sc LI.. 39 38% 39 38 A T Sc T 169*4 165% 168% 166% Cos! Gas Sc E 1.... 26% 24% 25% 24% Com & 50u.... B*2 8 8% 8% El Pwr Sc Li.... 397* 37V* 38% 38% Gen Gas A 5 4% 5 5 Inti T Sc T.... 36V* 25 25% 25% Natl Pwr & Li.. 26 24V4 26 25 No Amer C 0.... 66% 64% 66% 65V* Pac Gas Sc El 45% 44% 45*4 45 Pub Serv N J.. 80% 77V* 79*4 78% So Cat Edison.. 43*4 43 43% 43% Std OSc El 65% 62% 647a 637a United Corp 21 % 19% 21 20% Ut Pwr Sc L A.. 22V* 22 22% 22% West Union 103% 99*4 100% 103% Shipping— Am Inti Corp.. 13% 13V* 13% 13% Inti Mer M pfd 8% 8% 8% 8% United Fruit.... 56*4 55*4 56 56V* Foods— Am Sugar 477* 47% 47% 48 Armour A 2Vi 2 2 2 Beechnut Pkg 48% 4874 cal Pkg 24 23V* 23% 22% Can Dry 40% 39% 40% 39*4 Childs Cos 20 19% JO 19% Coca Cola ....142% 139% 142V* 141** Cont Baking A.. 117* 10V* 11 10**' Corn Prod 62 59 V* 61 Vi 60% Crm Wheat 28 . Cudahy Pkg 39V* 35V* 39% 377* Cuban Am Sug 2% 2V* Gen Foods 47V* 457* 47% 46% Grand Union ... 16V* 14% 15% 15*/ Hershey 91 89 91 89% Jewel Tea 41V* 41 41% 41% Kroger 28V* 27V* 287* 27% Nat Bisect .... 67 64V* 65% 64% Pillsbury 29 28V* 29 28% Purity Bak 27% 277* 27% 27% Safeway St 49 48 49 48 Std Brands .... 177* 17 17% 171/, Ward Bkg ... 3% 3% Drugs— 4 ” * Coty Inc . 9V* 9 9 9% Lambert Cos 68 66% 68 677* Lehn Sc Fink ... 25 25 Industrials— Am Radiator ... 13 12% 12% 12V* Bush Term 2 0 Certalnteed ’4% 4% Sfigd’ftii 1 .::: !*>'• *•* >• m 35 37 ”* Allied Chem ....117 ill 114% U 6 Com Solv 12% 12 12% ut* n n A 0 ?C a /i b •••• 48% 46V* 48% 47Vg U iJI Y? £ C0 •• • 30 29% 29% 30V* ivetail Stores* ■ * Assoc Dry Gds.. 21 20V* 20V* 21 Oimbel Bros ... 4% 414 Kresge S S 26% 28% May D Store.... .. ! 30 * 30 Mont Ward 19% 18*4 18% 18% Penny J C 34 33 it ii'• && Schulte Ret St.. . 4 3 ? : * Sears Roe 50% 49% ’kav. so Woolworth 65% 62% 64% 63% Amusements— Bruns Balke g% Col Graph B*4 7% 8% ”7** Crosley Radio Eastman Kod ...144 1377* 141 1391/, Fox Film A 15% 11% u% 123: Grigsby Grunow 3% 374 3% 3% Loews Inc 41 38*4 40% 41% Param Earn.... 26V* 24V* 26*4 25 Radio Corp 17 15Va 16% 167* RK O 15% 14*4 15% \u 4 Schubert 4% 4 4 474 W M ! ner ., Bros --*- 5 6% 5 Miscellaneous— * Airway Add 5 4V* 5 City Ice & Fu.. 31% 31% 3174 I" Congoleum 9 8% 9 a 014 Amer Can 99% 35% 9874 96% cS?tls?Wr 7.7.7. 4 J* 4 $ 4 rl i * Real‘anf 33Va 32Va 33% & !!% f 5 * # **&

Dow-Jones Summary

ffcsljud made no change In Its discount rate of 2% per cent. Rubberoid Company declared a regular quarterly dividend of sl. payable June 15 of record June 1. United Biscuit Company of America declared a regular dividend of 60 cents on common stock, payable Sept, X, of record Aug. 15. International Paper and Power Company M/.rch quarter net income. $1,400,116 after charges, federal taxes, etc., against $670,004 in like quarter of 1930. Stone & Webster, Inc./twelve months to March 31, consolidated net income of $3.17 a share on 2.104,500 shares. In 1930 $3.41 a share on 1,888.694 shares was earned. Kansas City rediscount rate cut to 3 per cent from 3% per cent. St. Louis unchanged. Bank of England statement as of May 21 shows circulation 351,540,000 pounds against 353.127,000 pounds on May 14 Ratio 56 4-10 per cent against 53 4-10 per cent and bullion 151.205.000 pounds agamst 150.003.000. National Transit Company declared a regular dividend of 25 cents, payable June 15. of record May 29. .Chevrolet May production estimated at 110.000 cars ana trucks against 100,000 In April, according to J. H. Klinger, sales manager. Cities Service April surplus after preferred dividends available for common dividends and .reserves, amounted at sl,617,460 against $3,986,692 In April, 1930. Twelve months 532,433,116 against. $36.971,739. Canadian National Railway in second week of May reported gross of $3,625,974. a decrease of $671,755 from like week in 1930. From Jan. 1 to May 14 gross $64.879.406. a decrease of $14,563,335. Todd Shipyards and subsidiaries to March 31. profit $927,980 before federal taxes. In preceding year earned $5.77 a share after taxes. Copper sold at 8% cents a pound, delivered lowest price in history and cfl % cent from previous quotations. Other Livesiock By United tress TOLEDO. May 21.—Hogs—Receipts, 350; market s@2oc lower; heavies. $6.25®6.50; mediums. [email protected]; Yorkers, $6.75®6.90; Pigs. [email protected]. Cattle—Receipts. 40; market, slow. Calves—Receipts, light; market, active, steady. Sheep—Receipts, light; market, steady. By United Press CINCINNATI, 0.. May 21.—Hogs—Receipts, 1,800; ’ heldover 140; somewhat slow, 26c to mostly 35c lower; better grade 160 to 220 lbs. averages largely. $7; 225 to around 260 lbs., [email protected]; 300 lbs. quotable downward to $6; 130 to 150 lbs. mostly $6.65; packing sows largely $5. Cattle—Receipts, 250; calves, 550; slow, about steady; odd lots common and medium steers and heifers, $5.50@7; some better finished yearlings, [email protected]; beef cows. $4.504t)5.5C; low cutters and cutters. [email protected]; bulls $4.75 down; vealers steady to 60c lower; better grades showing the decline; good and choice, $7.50@8; lower grades. $7 down. Sheep—Receipts. 1.900; beter grade ewe and wether spring lambs 250 to mostly 50c lower at [email protected] mostly; some to shippers, $11.75; bucks auotable, [email protected]: common and medium. [email protected]; sheep weak; fat ewes mostly $2.50 down; best light weights quotable, $3. By United Press , CLEVELAND, May 21.—Hogs—Receipts, Kn C - ; ,„ h ?i t * oVßrs !29; steady to 15c lower; 160-210 lbs.. $7.40 down: $7.50 top paid SSFiSiFtyf Ptes- $ 7 - 25 ; 220-250 lbs.. $7.10: 260-300 lbs. at medium to choice. $6.75® 6-85; rough sows. $5.50. Cattle-Receipts. 300; dull; generally weak to 25c .lower: common steers. 56.25@7; most fat cows. $3 , few - $5.50; bulls steady with Wednesday s low time: bulk sausage kind. $3.50(@4.50. Calves—Receipts, 700; slow, uneven: weak to 50c lower again; better grades. [email protected]; bulk, $9 down: weights over 180 lbs.. $8.50 down; culls, $7. Sheep —Receipts. 500; little buver interest; medium springers downward to $10.75. and under: choice ouoted [email protected]; good clippers finding narrow outlet. By United Press 1 •5£ rTS>BU . R P H ’ 21 - —Hogs—Receipts. 1.2C0: market mostly 10® 15c lower;* 160200 lbs., $7,504/ 7.65: some held above 210$”@7.40; pigs about 25c lower at downward; packing sows steady at $53 5.50. Cattle—Receipts. 25; market little change, medium cows around $4.25® 4.75. Calves—Receipts. 125; market slow to steady; better grade vealers mostly sß® 9; common and medium. $4.50@7. Sheep —Receipts. 500: market, mostly steady; better grade shorn lambs. 58.25®9; good snd choice spring lambs. $10.75@12; medium to good wethers. s3®4.

Bide While You Pay—The Easiest Way! Ural "-ih a firm that has bn established f r "1 years and is known for honesty and reliability. —We Refinance New M 1,, and Used Cars .... LBtjSlll fltllGS —EASY WEEKLY OR MONTHLY PAYMENTS—WOLF SUSSMAN 239-24 LW. WASH. ST. OsSS.

THE INDIANAPOLIS TIMES

FURTHER PRICE DIPS RECORDED IN PORK MART Cattle Slow, Little Changed; Sheep Show Even Trend. HOGS May Bulk Early Top Receipts 13 86.90® 7.20 $7.20 6.500 14. 6.90® 7.15 7.15 5,500 15. 7.00® 7.30 7.30 4,000 18. 6.65® 6.95 6.95 6.500 19 6.65® 6.90 6.90 5.500 20! 6.70® 7.10 7.10 5.000 21. 6.60® 6.90 6.95 8.000 Trade in hogs at the city stockyards today was marked by further price recessions, figures for the day beins 10 to 20 cents under Wednesday’s average. The bulk, 140 to 300 pounds, sold for $6.60 to $6.90; extreme early top for one load was $6.95. Receipts were estimated at 8,000; holdovers were 623. Steers were slow and she stock little changed in the cattle market. Receipts were 900. Vealers sold steady at $8 down. Calf receipts were 900. Sheep held steady.- Spring lambs sold mostly at $10.50 down with one outstanding lot making the market at $11.50. Shorn lambs brought from $8.50 down. Receipts were 700. Chicago hog receipts were 17,000, including 2,500 direct. Holdovers slow, unevenly steady to 10 cents lower than Wednesday’s average, with a few sales and most bids on good to choice hogs weighing 150 to 210 pounds, at $6.75 to $7. Few heavyweights from 250 to 270 pounds were selling at $6.50 to $6.70. Cattle receipts were 6,000. Calves, 3,000, and steady. Sheep receipts were 8,000, steady. HOGS Receipts, 8,000; market, lower. —Light Lights—-(l4o-160) Good and choice.. .$6.85® 6.90 —Light Weights—-(l6o-180) Good and choice... 6.90 (180-200) Good and choice... 6.90 —Medium Weights—-(2oo-220) Good and choice .... 6.85® 6.90 (220-250) Medium and good .. 6.75® 6.80 —Heavy Welgnts—-(22o-250) Medium and good.. 6.60® 6.75 (250-290) Medium and good.. 6.40® 6.60 bows (275-500) Medium and good ... 5.00® 5.75 (110-120) Slaughter pigs .... 6.75® 6.85 CATTLE (Slaughter Class) Receipts, 900; market, steady. —Steers— Good and choice $ 7.00® 9.00 Common and medium 5.25® 7.00 (1,100-1 500) Good and choice “ 7.00® 9.00 Medium 6.00® 7.00 —Heifers—-(soo-850) Good and choice 6.75® 8.75 Common and medium 5.25® 6.75 —Cows— Good and choice 5.00® 5.75 Common and medium 4.00® 5.00 Lom cutters and cutters .... 2.75® 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, 900; market, steady. —Vealers— Good and choice $ 7.50® 8.00 Medium 5.50® 7.50 Cull and medium 3.00® 5.50 —Calves—-(2so-300) Good and medium 5.00® 7.00 Common and medium 1 3.00® 5.00 STOCKERS AND FEEDER STEERS Good .and choice 6.00® 7.75 Common and medium 4.50® 6.00 (800-1,500) Good and choice 6.75@ 7.75 Common and medium 4.00@ 6.00 SHEEP AND LAMBS Receipts, 700; market, steady. (Shorn basis, except spring lambs) Good and choice $ 7.75® 8.75 Common and medium 6.00® 7.75 I Spring lambs 9.50®11.00 Ewes, medium and choice ... 2.50® 3.25 Cull and common 1.50® 2.75 Other Livestock By United Press CHICAGO. May 21.—Hogs—Receipts, 17,000; including 2,500 direct: slow, uneven. weak to 10c lower; mostly 10c efi; t-op. $7; bulk 180-210 lbs.. $6.70<g6.90: few 240-270 lbs.. $6.60®6.70; packing sows, weak to 10c lower: bulk better kinds. $5.35 @5.60; pigs, active; bulk strong weights, $6.75@7; light lights. 140-160 lbs., good and choice. $6.75@7: light weights, 160200 lbs., good and choice. $6.70®7: medium weights. 200-25 C lbs., good and choice. [email protected]; heavy weights. 250-350 lbs., good and choice. [email protected]; packing sows. 275-500 lbs., medium and good. $5,[email protected]: slaughter pies. 100-130 lbs., good and choice. $6.50® 7. Cattle—Receipts, 6.000; calves. 3.000: general market on steers, yearlings and she stock at standstill; the few early sales made being weak to 25c lower: general demand apparently too narrow to absorb today’s crop of beef cattle. Slaughter cattle and vealers—Steers, 600900 lbs., good and choice. 57®8.75; 900-1100 lbs., good and choice, [email protected]; 1100-1300 lbs., good and choice. 57®8.75; 1300-1500 lbs., good and choice. [email protected]: 600-1300 lbs., common and medium. [email protected]; heifers, 550-850 lbs., good and choice, $6.75@3: common and medium. [email protected]; cows, good and choice. [email protected]; common and medium. $4®4.75: low scutter and cutters, $2.75@4; bulls, yearling excluded, good and choice, beef. s4@s; cutter to medium. $3.25®4.25; vealers. milk fed. good and choice. $7.25@9; medium. $6.50®7.25; cull and common, [email protected]. Stocker and feeder cattle—Steers. 580-1050 lbs., good and choice, [email protected]; common and medium, 55.25@7. Sheep—Receipts. 8,000; steady to unevenly lower: few good to choice clipped lambs. [email protected]: one load, $8.65: California springers, $10.25: some held higher; natives. $8®11: shorn ewes. s2® 2.75. Slaughter sheep and lambs—Spring lambs, good and choice. $10®11.50; medium. 96.59® 10: common. $6.50®8.50; lambs. 90 lbs. down, good and choice, $7.75 @8.75: medium. 56.50®7.75: 91-100 lbs., medium to choice, [email protected]: all weights, common. $5®6.50: ewes. 90-150 lbs., medium to choice. $1.75@3: all weights, cull and common. sl@2. By Times Special LOUISVILLE. Ky.. May 21.—Hogs—Receipts. 600; market. 35c lower: 225 lbs. up. $6.10: 165-225 lbs.. $6.65; 130-165 lbs., $6: 130 lbs. down. $5.35: roughs. $3.60® 4.60: stags. $2.85. Cattle—Receipts. 200; market, slow: steady prime heavy steers, s7@B; heavy shipping steers. S6@7: medium and olain steers. $5.150@6; fat heifers. $6.50@8: common to medium heifers. [email protected]; good to choice cows, $4®5.25; medium to good cows. $3.25®4; cutters, [email protected]; canners, [email protected]; bulls. [email protected]: feeders. s6®7: Stockers. $5®7.50. Calves —Receipts. 300; market, not established. Sheep—Receipts. 1.500: market, not established. Wednesday’s shipments: Cattle, none; calves. 521: hogs. none. By United Press EAST ST. LOUIS. HI.. May 21.—Hogs— Receipts. 11,500; including 1.000 through; market. 5® 10c mere than Wednesday’s close: a few hogs early up to $6.80; most 239 lbs. down. [email protected]. most sales. $6 75few medium fleshed 270-280 lbs., $6.30sows. [email protected]. Cattle—Receipts. 2.500; calves, receipts. 2.200; market, medium bulls, vealers and a few early sales light heifers, steady: lower undertone on other heifers and all other slaughter classes. Sheen —Receipts. 2.500: market, not established: packers talking lower on all lambsrun largely springers. By United Press EAST BUFFALO. May 21.—Hogs—On sale. 2,400: strong to 10c higher on 210 lbs. and down; heavier weights slow steady to strong; most 140-210 lbs $7 3d @7.50; top. $7.60. one load; 229-260 lbs. $7 @7.30: pigs. $7.255r7.50; packing sows $5.25® 6. Cattle—Receipts, 175: mostly cutter cows; steady at s2@3: few fat cows up to $4.i5. Calves—Receipts. 400: slow, steady to 50c lower: top vealers. $9.50; bulk good to'choice, $869: common and medium. $4.50® ( 50. Sheep—Receipts. 900; shorn lambs slow.* undertone weak: choice springers steady at $12.75; sheep scarce.

GRAINS IGNORE BULL NEWS IN DRASTIGBREAK Dip in September Wheat Unsettling Factor for All Options. BY HAROLD E. RAINVTLLE United Press Staff Correspondent CHICAGO, May 21.—Cracking at the start, wheat prices continued to fall on the Board of Trade today under heavy selling and closed near the bottom for sharp losses. Weakness at Liverpool and heavy rains in a section of Kansas badly in need of moisture were depressing factors. September led the decline and went to a discount under July. Dry weather prevailed in the northwest and frost reports were numerous, but these facts had little influence. The selling found the technical position weak and support lacking. The deferred deliveries of corn went into low ground for the season, pacing the other deliveries downward under selling influenced by the weakness in wheat. Toward the last oats also slid downward with the major grains. At the close wheat was 1 % cents to 1% cents lower, with May unchanged; corn was % cent to cents lower and oats were % cent lower to Ik cent higher. Provisions were firm. Liverpool sold off sharply on the break here and prices closed % cent to % cent lower after being firm early. Canadian and American northwest still is without sufficient precipitation for the growing crop. Cash prices were unchanged. Receipts were 87 cars. Chicago Grain Table —May 21WHEAT— „ Prey. Open. High. Low. Close, close. May (old)' .82*4 .82% .82 .82% .82% (new) .86% .86*4 .85 .86 .86 July 60% .60’* .58% .59% .50% Sept 59% .60% .58% .59*4 .60% Dec 64% .64% .62% .62% .64% CORN— May (old) 67% .57% .55% .56% .57% (new) .57% .57% .56 .56% .57% July 57% .57*8 .56'/* .56% .57*4 Sept 56*4 .56'a .54% .54% .56% Dec 49% .49% .47% .48% .49% OATS— May (old) .28 .28% .27% .27% .27% July 27% .27% .27% .27% .27% Sept 27% .27% .27% .27% .27% Dec 29% .29% .29% .29% .29% RYE— May (old) .37% .37% .37 .37% (new) .37 .37*4 .37 .37% .... July 38% .38% .38 .38% .39 Sept 38% .38% .38 .38% .39 Dec 42 .42% .41% .41% LARD— May 7.67 7.70 7.67 7.70 7.65 July 7.80 7.82 7.77 7.77 7.72 Sept 7.82 7.92 7.82 7.90 7.82 Oct 7.75 7.85 7.75 7.85 7.75 EELLIES — May 8.37 8.37 July 8.47 8.47 By United Press CHICAGO. May 21.—Cash grain close: Wheat—No. 2 hard, 83c; No. 1 mixed, 33*4c; No. 1 red, 831*0; Nb. 1 northern, 83%c. Corn—No. 2 mixed, 56%c: No. 1 yellow. 58c: No. 2 yellow, 57%@58%c; No. 5 yellow. 54c; No. 6 yellow, 53c; sample grade, 40@53c. Oats—No. 2 white. 29%c; No. 3 white. 28%29c; No. 4 white, 27c. Rye —No. 1. 44%c. Barley—37@)6lc. Timothy —[email protected]. C10ver—[email protected]. By United Press TOLEDO, 0.. May 21.—Close: Grain on track 28%c rate. Wheat—No. 2 red, 73%c @74%c; No. 1 red. 1 cent premium. Corn— No. 2 yellow. 57@58c; No. 3. yellow, 55'* AMUSEMENTS

DINE and DANCE WITH REGINALD DUVALLE AND HIS 10*4* BLACKBIRDS SATURDAY NITE ANTLERS TOWNE CLUB Special Late Supper Served 9 P. M. till ???—sl.oo

rl] A I IA II Mat. Today, 50c ENuLISH yite \ 3o o i- 75c ’ Exciting, fast-mo.ing corned,! Sunday Mite —Seats How . . . human as “Madame X” . . . bigger than “Strange Interlude” “STREET SCENE” Casey Cast Includes Dora Misha MEKANDE FERENZO Eleanor WESSELHOEFT Os original N. Y. Cos., and Milton Byron, Carl Brlckert and 50 others 1

James T.Hr.mill & Company Private Wires to All Leading Markets Indianapolis MEMBERS Chicago Stork Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bldg. Tel Blley 5493 KI ley 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

5% e. Oats— No. J white. 30031 c; No. 3 white 29® 30c. Clover—(Domestic) prime old. $13.75: prime new. sl4: prime choice new, sl4 25; prime choice old. sl4; October, $14.25; December, $14.50. Alsyke—Cash sl4. Butter—Fancy creamery, 26@'27c. Eggs— Country run, 16® 17c. Hay—Timothy, $1.25 cwt. By Times Special CHICAGO. May 21.—Primary receipts: Wheat—l,2s2,ooo. against 403.000; com 236.000, against 382.000: oats 146.000. against 328.000. Shipments: Wheat 1.220.000, against 931.000; com 434.000, against 621.000: oats 217.000. against 457.000. New York Liberty Bonds —May 20— 3%s 103.21 Ist 4Us 103.13 4th 4%s 105 5 Treasury 4%s 114.4 Treasury 4s 109.22 Trseaury 3%s 107.22 Treasury 3%s of ’*3 (March) 103.16

MOTION PICTURES

DEVASTATINGIY REHU JUtT rTj Y& ryViH Ip) Women helpless be- I A fore his on-slßughts! V ra Men—facing destrnc- ' M tion, yet fearing to fight, even for life t ■ See this remarkable expose of a menace that threatens the very ■s foundations of society! Hr, HARLOW W JAMES CAGNEY M m BERYL MERCER I‘ U Starts MIDNIGHT A PREVIEW | A TOMORROW M \ NIGHT 11 A" O’CLOCK M A99UO

Which of these made her own love laws I H | infstoly of H 1 cghbw V I SIOHEX FOX ■ 1 BETTE Mg* I ft 1 All Seats || gjt S J J ■ —J <■3 I Hurry 1 Last 3 Day* I jaty Weirdest Passion That j Ever Enslaved a Woman! I' Irf. Aat. I BOBBY JONES j for *P*tron* | in “CHIP SHOTS” | I —NEXT SAT. ‘‘THE PUBLIC ENEMY” With JEAN HABLOW JAMES CAGNEY BEBYE MERCEB K SMOXE I 1 m® ma | Mary Brlao—

Local Wagon Wheat

City grain elevators are paying 65c for No. i red wheat and 64c for No. X hard wheat. Building Permits c - Bennett, alterations. 1054 West Thlrtv-flrst. SSOO. ..Edwin Nelson, alterations and repairs, 3135 Boulevard place. S4OO. Klee Sc Schrieber. dwelling and garage. 1125 North Wallace. S3 SSO. Eli* Thomas, remodel. 1421-33 Ashland. $325. G. W. Graham, garage. 885 North Grant. 8200. Mrs. Oonder. garage. 1155 Spann, $238.

MOTION PICTURES I Hurry! Hurry! ff—m. f j BROOKE JOHNS I LAST DAY O L k U STAGE SHOW | IXQV .TS. |*At'?s0 c oc'!65 c l r. TOMORROW—TWO Ziegfeld Favorites in ONE Grand Stage Show! *8 I wmjtmf a| I LESTER ALLEN 5 In Person l Star of Zlegfeld's “Follies;” /X A S f l Geo. White’s “Scandal*:” /l "7 k ■ and Earl Carroll’s "Vanities” j i| GINGER KENNEDY H THREE CRESSOS >9|H WL flora vestoff JBBWA ■rvAMAio & marif ull H Imwll |. Ho^*'

LAST 2 DAYS STARTING SATURDAY JOSEPH M. JP - | / PJiK mmm /maw (AM TAYLOR*I <Jf* K K srs&ra ixJJVi /4 ■?/* stars playing a _ 1 A*" w dynamic little Keginald Dennu V / madcap. r f U N I J*; OJA ATI IT XJp I CTUM />_, AMUSEMENTS BilHiiliManiPiHiHMiwjs Last S Days —TODAY * TOMORROW I a j f J “G CYLINDER LOVE” L. 11 ,< L 1 with Edward Everett Horton I*.TJna Merkel —El Brendel-Others 11 ‘ Com ‘ or ‘ably Cool Here _ HERMAN TIMBERG -5571 and Great Vaudeville Show / ''' J ABdES HALL MAE CLARKE and MARIE PREVOST TMpß'.'m Famous Dancing ’“flfiO Coreediap at “New Moon’’ | fir U \ iHociapi 5 Other Big Acte t FREE VAUDEVILLE A Romantic j Park j Heart-Drama | OPENS R P ™.| v “The PAVILION” % S “Where the Cool Breezes Blow** MUSIC AS YOU LIKE IT BY RILEY BARTEL and HIS ORCHESTRA Follow West 30th Street to Riverside Golf Club DANCE ALL EVENIAfi’^

.MAY 21, 1931

Marriage Licenses William C. MalL 45. of 1245 Roose-.-’t: avenue, route foreman, and Wreatha McFarland. 41. of HH7 Udell street, saleslady. Densiel 8. Freeman. 24. of Wlnam-' laborer, and Imogene Lane. 21. of 227 East Fiftv-flfth street, houseworker. Ernest R. McElrov. 22. of 368 East Morris street, grocery stoore manager, and Cecilia Hazeldence. 18. of 1641 South Talbot street. Bert C. Stamm. 54. of 404 West South street, laborer, snd Mary Mvers, 50. of 404 West South street. Carl Howard Ahrendt. 28. of 606 North Bevllle avenue, cableman. and Martha T. Walker. 23. of 735 North Bradley, school Kelley. 34. of 330 North Capitol avenue, salesman, and Anna Steriett. 37, of 330 North Capitol avenue.