Indianapolis Times, Volume 43, Number 23, Indianapolis, Marion County, 6 June 1931 — Page 10

PAGE 10

STOCK SHARES UNEVEN AFTER EARLY UPTURN Close Is Higher but Off From Day's Top Figures: Shorts Cautious.

Average Stock Prices

Average of thirty Industrial* for Thursday was 134.73. up 4 36. Average of twenty rails was 74.57. up 3 59. Average of twenty utilities was 54 65. un 1.75. Average of forty bond* was 94.34. up .43. , BY ELMER C. YVALZER United Press Financial Editor NEW YORK, June s.—Railroad shares featured the Stock Market today with gains ranging to 7 points, most of which were held. Industrial stocks met profit-taking and closed irregularly higher but well below their highs of the session. According to preliminary calculations the Dow, Jones & Cos. industrial average declined 1.40 points to 133.33; rail average advanced 1.60 points to 76-17. Sales totaled 2.800,000 shares, compared with 3,200,000 shares Thursday. Market Wavers The market generally wavered at several periods of the day. Traders had been anticipating a technical reaction after two days of advance and hence they were cautious about placing commitments. Further efforts of the Stock Exchange to determine the size of the short interests interfered with bearish operations. On each decline support was forthcoming for the leading issues. .For a time, Steel common lagged while new leadership was furnished by Westinghouse Electric, Dupont, A. M. Byers and Allied Chemical. These issues rose 2 to 5 points. Steel then was carried up to 94% from the early low of 91%. Toward the close Steel was back to around 92. Big Operation Turns One of the big operators recently on the bear side had switched, it ■was said, to the opposite side. He was credited with buying heavily into J. I. Case, American Can and Du Pont, all of which had smart advances in the afternoon. The most impressive gains were made in the carrier group where Union Pacific and Atchison rose more than 8 points from the previous close at their highs. All but a few points of the rise were sustained. Other issues to make wide gains included Delaware & Hudson, New York Central and Pennsylvania. American Telephone was active in the utilities and Standard of New York in the oils. General Motors ran into large offerings after an early spurt following sale of a block of 10.000 shares at 35%

Bank Clearings

INDIANAPOLIS STATEMENT —June 5 Clearings $2,690,000.00 Debits 6.271.000.00 CHICAGO STATEMENT —June 5 Clearings $74,600,000.00 Balances 12,600,000.00 TREASURY STATEMENT —June 5 Net balance for June 3 $101,457,900.05 Expenditures 10,595,346.25 Customs rects. mo. to date. 3.318,225.89

New York Bank Stocks

(Bv Gibson Ac Bernard) —June 5 Bid. Ask. America 39 3 * 42 3 /* Bankers 90',a 93'/i Brooklyn Trust 405 *2O Central Hanover 226 231 Chase National 70 3 i 73% Chatham Phoenix Natl .... 57 60 Chemical 40'/ 42 'i City National 73 3 4 76 3 4 Corn Exchange 92 96 Commercial % 242 255 Continental 17‘ 20’s Empire 43 46 First National 3,275 3,475 Guaranty 432 437 Irving 30 Va 32 Vi Manhattan & Company.. 73’ !' 76'* New York Trust 137 142 Public 46 3 i 49 3 ,4

Investment Trust Shares

(By R. H. Gibson & Cos.) PRICES ARE TO 12 NOON C. S. T. —June 5 Bid. Ask. Amer Founder’s Corp Com... 2% 3% Am & Gen Sec “A" 13 Am Inv Trust Shares 4% 5Vi Basic Industry Shares 4% 5% Corporate Trust Shares 4% 5*4 Cumulative Tr Sh 6% 6% Diversified Trustee Sh "A".. 14’* ... First American Corp 6% 7*4 Fixed Trust Oil Shares 3% 4% Fixed Trust Shares “A" 12*2 ... Inv Trust N Y 6 7 Leaders qf Industry Series A -6% ... Nation Wide Securities 5* 2 6 National Industry Shares .. 4% 5% N Am Trust Shares 4% 5% Sel Am Shares 4% 5 Shawmut Bank Inv Trust ... 6 8 Universal Truet Shares 4% 5% Super Corp of Am Trust Sh A 5% 6 Fundamental Tr Sh 6 6% Fundamental Tr Sh B 6% 7 U S Elec Light & Pwr A... 27% 29*4

In the Cotton Markets

<Bv Thomson Ac McKinnon' NEW YORK, June s.—Trading began in cotton this morning about 5 points under Thursday's close. The tone was fairly steady with some buying by spot dealers and local traders on the selling side. There was some buying by New Orleans and covering on a further advance in the security market. News was mixed, some lines were easier while others showed strength. The weather as clear over the belt, with predictions of showers, which, we think, will do the crop good. Shortly after midday buying increased, Prices were up 15 points from the opening. The usual talk of insects which is due at this time of the year has made its appearance and it is quite likely that next week’s weather report will have something to say about it. We doubt If any actus! damage has occurred up to this date, rhe market was easier in the middle of the afternoon. Prospects of better crop weather held off real buying by the trade. NEW ORLEANS —June 5 High. Lev’. Clos. January 9.41 9 20 9.20 Mav 9.85 9.59 9.59 July 8.84 8 52 8,52 October 9.20 8.87 8.87 December 9.42 9.10 9.10 NEW YORK High. Low Close. iaeuary 9.54 925 9.25 larch 9.73 9.43 9.43 Mav 9 88 9.63 9.63 Julv 8.81 8.54 8 55 October 9 19 8 90 8.90 December 9.41 9.13 9 13 CHICAGO High. Low. Close. January 9.58 9.30 9.30 March 9.75 9.55 9.55 July 8.88 862 862 October 9.30 8.95 8.95 tjpecember 951 9.19 9.18

New York Stocks “““ (B? Thomson At McKinnon

By United Press NEW YORK, June s.—Sales on the New York Stock Exchange today totaled 2,800,000 shares; Curb stock sales totaled 400,000 shares. —June 5 Prev. Railroad*— High. Low. Close, close. Atchison 155 143% 148 145% Atl Coast Line 91 85 Balt & Ohio ... 55 51% 52 51% Chesa & Ohio .. 36 33' 34 34 Chesa Corp .... 37 33% 36 35% Chi Grt West... 5'4 5 5% 5% Chi N West 33 29% 32 30'4 CRI & P 35% 33 33 34 Del LAs W 54 52% 54 52% Del <ss Hud50n..123% 120% 123 118 Erie 19% 17% 18% 18 Great Northern. 5412 50% 53% 51% Gulf Mob A; Oil 13% ... Illinois Central. 49V 47 48 47% Kan City So ... 30% 30 30 30 Lou As Nash 65 65 K „ & ,T 14 ’* 13 % 13% 14% Mo Pacific 20% 18 18% 17% N Y Central ... 83% 79 81% 80 NY NH A: H.... 74% 71% 72% 72% Nor Pacific 39% 35% 38% 36% Norfolk As West. 159 15712 159 155% Pennsylvania .. 52% 47% 4.9% 48% So Pacific 80% 76 77% 77' Southern Rv.... 34% 31% 31% 33% St Paul 5 4% 4% 4% St Paul ofd 8 6% 7% 6% St LAs S /.... 18% 17*4 18% 18 Union Pacific ...160% 148% 158% 152 Vabash 12% 11% 12 11% W Maryland 12% 11 11% 11% Equipment* — Am Car At Fdv.. 16% 18 16 16% Am Locomotive 16% 15% 16% 16 Am Steel Fd... 14% 14 14% 14 Am Air Brake 828 27% 28 27% Gen Am Tank.. 58% 57*2 57% 57% General Elec... 42 39% .79% 40% Gen Ry Signal. 53 50% 52 50% Lima Loco 21% 21 21 21% N Y Air Brake 13 Press Stl Car 3 Pullman 35 34 34 34% ’Vestingh Ar B 23% 23% 23% 23 Wf.stingh Elec.. 69 64% 64% 65 Rubbers— Firestone 20% 17% 19% 17 Fisk % % Goodrich 11% 10% 10% 10% Goodyear 36% 35% 35% 38% Kelly Snrgfld... 1% 1% 1% % U S Rubber 12% 13 12% 12% Motors— Auburn 188 167 167 182 Chrysler 18% 15% 16% 15% Gardner ... % % Graham Paige 4*4 4 4 4% General Motors. 36 34% 34% 35% Hudson 13% 13% 13V* 13 Hupp 7% 7 7 7 Mack 38 26% 27% 27% Marmoa 4 3*4 5*4 4 Nash 26 34% 35% 25% Packard 6% 6% 6*4 6% Reo 6% 6% Studebakcr .... 18% 17 17 17% Yellow Truck ..8 7% 7% 7% Motor Acees*— Pei-:.-: Aviation. 17 16% 16% 16% Bo•<? Warner ... 18 16% 16% 16% R--FIS 11V* 10% 10** 10% Budd Wheel ... 8% 8% 8% 8% Eaton 11% 10% 11% 11 FI Storage B 55% 53 Haves Body ... ... 2% Houda 5*4 5 5*4 a' Motor Wheel ... 11 JO% 10% 9% Snarks W 8% 7% B*4 7 Stewart Warner 11% 10% 11 10% Timkin Roll ... 37% 33% 34 36% Mining— Am Metals .... 9% 9% 9% 9% Am Smelt 30 38% 39 28% Anaconda Cop.. 33% 31 31 22% Cal Ac Hecla ... 6 5% 6 5% Cal At Arlz 26*/* Cerro de Pasco. 16*4 15 15 15 Dome Mines ... 13 12% 12*4 12% Freeport Texas. 26% 25*4 25% 25% Granby Corp n% 11% Great Nor Ore.. 18% 18 18 18% Howe Sound ... 16 15% 16 15% Int Nic SB* 11% 11*4 11% 11% Inspiration 5% 5% 5% 5*4 ICennecott Cop. 17% 16% 16*4 16*4 Magma Cop ... 12% ... 12% 11% Miami Copper 5 4% Nev Cons 8% 8% 8% 7% Texas Gul Sul.. 34% 33% 33*4 33% U S Smelt 14V* 14 V* Oils— Amerada 16% 16% Am Republic 6 6 Atl Refining ... 14 13% 13*4 14 Barnsdall 6% s*/a 6% 6% Houston 7% 74 7% 714 Indian Refining 2V* ... Ohio Oil 8% 8 8% 9 Mex Sbd 14% 12% 13 13 Mid Conti 7% 7*4 7% 7*/ Pan-Amer <B) 25 Phillips 6 5% 5% 5% Pr Oil & Gas... 8% 8% 8% 8% Pure Oil 6 5% 5% >-^5% Bichf8 ichf ? el 4 .;.••••• 1V I*4 1% Royal Dutch ... 27 26% 27 27% Shell Un ..5% 5 5 5 Sinclair B*4 8 B*4 8 Skelly 414 31/ Stand of Cal ... 35*4 34% 34% 34% Stand of N J... 34% 33% 34 34% Stand .of N Y... 15 14% 15 14% Texas Cos 20% 19 20 20 Union Oil 17% 17 17 17% Steels— Am Roll Mills.. 18% 17% 17% 18% Bethlehem 46% 44 44% 45% Bvers A M 33Vi 29 30 % 30 Colo Fuel 12% Cruc Steel .... 38% 37 38 39 luland 41% 41 41% ... Lud urn 11 10 10 10% Midland ... . 15% Newton 9 8% Repub lAt S 13 12% 12% 12% U S Steel 94% 91% 92*1 92% Vanadium 33% 29% 30% 29% Youngst S & W.. 20 19*4 29% 20 Youngst S As T 45 Tobaccos— Am Sumatra... 7% 7% 7% Am Tob Anew 108% 108 108 i07% Am Tob B new 113% 110% 111% 111% Con Clears 30% General Cigar.. ~ ... . . 34 Lie & Myers B 67 65% 66*4 65% Lorillard 15% 14% 14% 15 Reynolds Tob.. 49% 48 49 48% Tob Pr A 11% .11 U 11 Tob Pr B 214 ju United Cle 4% 4% Utilities— Abttlbi 3% 31/5 Adams Exp ... 14 13% 13% 13% Am For Pwr ... 27% 25*4 25% 26 Am Pwr At Li.. 36% 34% 34% 36 A T Ac T .......173 167% 168% 170% Col Gas Ac El .. 26% 24% 24% 25% Com At Sou ... 8 774 8 8 El Pwr A: L 1.... 36V* 34*4 34% 36% Gen Gas A .... 4** 4% 4% 4% Inti TA: T .... 26 24% 24% 25% Natl Pwr At Li. 25V* 23% 23% 23% No Amer Cos ... 65% 63% 64% 66* 4 Pac Gas Ac El .. 42% 42 42 42% Pub Ser N J ... 80% 78 78 79% So Cal Edison .. 41 39 40 41 Std GAt El .... 64 61 61*4 62 United Corp ... 21% 20% 20% 31% Ut Pwr At L A 22% 21% 22 23*4 West Union ..,.108% 107 107% 107 Shipping— Am Inti Corp ..13 12 13% 12% Am Sh*p At Com % Atl Gulf & W I .. .. 17% 17% Inti Mer M pfd. .. ... ... 9% No Gm Llovd 23 United Fruit ... 53% 31% 52 53 Foods— Am Sue . . 47 Armour A 1% 1% 'i% 1% Beechnut Pkg.. .. 471. Cal Pkg .. 03 23 Can Dry 40% 39 4040% Childs Cos 2! 19 20% 19% Coca Cola 142% 139% 110*- 139% Cont Baking A.. 11% II 11% 11% Corn Prod 67% 64 65% 64% Crm Wheat 28% 28 28 38% Cudahy Pke 38 37% 37% . . Cuban Am Sug 3% 3 Gen Foods 48 47 47% 48 Grand Union 16% 16% Hershev 93 91 92% 92 Jewel Tea *o% Kroger 33 27 27 27% Nat Biscuit 67*2 65% 66% 65% Pillsburv 27% 27% Purity Bak 30 29*', 39** 30** Safeway St 52 49 49% 49 Std Brands 17 16 16 16% Ward Bkg 3% 3% 3% 3% Drugs— Cotv Inc 8% 7% 7% 8% Lambert Cos 677* 64 66% 66 Lehn At Fink.... 26 25% 26 25% Industrials— Am Radiator 12% 12% 12% 12% Certainteed 4 4 Bush Term 21 31 Gen Asphalt... 19% 18 19% 18% Lehich Port n Otis Elev 37 35% 36 35% Indus Chems— Allied Chem ...118% 109% 113 112% Com Solv 13% 13 13 13% Union Carb 49% 47% 48% 48% U S Ind Alco.. 32 30% 30% 30% Retail Stores— Assoc Dry Gds.. 20% 19 19 19 Gimbel Bros ... 4% 4% 4% 4% Kresge S S 26% 36% 26% 26*4 May Store 34% 31% 33 32% Mont Ward 19% 17’* 17% 18% Penny J C 33% 33 33** 33 Schulte Ret St.. 5% 5% 5% 5% Sears Roe 52% 50% 50% 51% Wool worth 68% 66% 67 68% Amusements— Col Graph 7% 7 7 7% Eastman Kod ..132% 127% 128 132 Fox Film A .... 18v 2 16% 16*4 16% Grigsby Gru 3% 3% Loews Inc 43% 4040% 40% Param Fam .... 25% 22% 23 24 Radio Corp 16% 15% 15% 16% R-K-O 14*2 13*, 13% 13*4 Schubert 3** 3% Warner Bros ... 7% 6% 7 7 Miscellaneous— City Ice A: Fuel 31% Congoleum 10*4 10 10*4 10 Am Can 103* j 99% 99% 100% Cont Can 48% 45 47* 4 47% Curtiss Wr 3% 2% 2% 2% Gillette SR 27% 25% 25*4 26** Real Silk 13*4 IS 13 13 Un Arcraft 26% 24* 24% 25% Int Harv 43 % 41 41 42% : New York Liberty Bonds —June 5 ?’* s 102.18 h Treasury 4%s z. 114. Treasury 4s 109 9 Treasury 3%s of '47 103 5 Treasury 3%s of '43 102 26 Treasury 3%$ of ’43, Jun 102.29 Other Livestock By United Press TOLEDO. June s.—Hoes—Receipts. 200; market. 10 to 25- hteher: heavies. $5.50® 0.85: mediums. 5Ci?6.25; Yorkers. $3.75© 6: nigs. $5.75©6. Cattle —Receipts, l.ght: market, slow. Calves—Receipts, light; market, slow Sheep—Receipts, light; I market. Mow.

SWINE MOSTLY 5 TO 10 CENTS UP ATYAROS Cattle and Vealers Show Few Price Changes: Sheep Weak. May Bulk Early Top Receipts 28. $5.90S 6.20 $8.20 6.500 29. 5.954* 6.30 6.30 4.000 June 1. 6.00® 6.25 6 25 7,500 2. 6.00® 6 25 6.25 6.000 3. 6.00® 6.25 6.25 7.000 4 6.106 6.35 6.35 6.000 5. 6.25® 6.45 6.45 5.500 Swine showed definitely stronger indications in trade today at the city stockyards, most classes tanging 5 to 10 cents up from Thursday’s prices. The bulk, 140 to 300 pounds, sold for $6.25 to $6.45 with early top holding at $6.50. Receipts were estimated at 5,500; holdovers, 145. Cattle were steady with receipts numbering 400. Vealers showed little change, prices ranging from $8 down. Calf receipts were 700. Sheep and lambs were steady to weak with the bulk selling at $8 to $9. A few made the market at $9.25 and $9.50. Chicago hog receipts were 18,000, including 7,C00 direct. Holdovers, 6,000. Opening around 5 to 10 cents higher than Thursday’s average. A few hogs weighing 250 to 270 pounds sold at $6.25 to $6.30, while 120 to 170 pounders were selling at $6.15 to $3.35. Asking $3.40 to $6.50 for good to choice hogs weighing 190 to 240 pounds. Few bids held at $6.35 to $6.40. Cattle receipts were 3,000. Calves, 1,000, and steady. Sheep receipts were 8,000 and steady.

HOGS Receipts. 5.500; market, steady. —Light Lights—-(l4o-160) Good and choice $ 6.15® 6.25 —Light Weights—-(l6o-180) Good and choice.... 6.40 (180-200) Good and choice.... 6.40 —Medium Weights—-(2oo-220) Good and choice 6.45® 6.50 (220-260) Medium and g00d.... 6.45 —Heavy Weights—-(2so-2901 Medium and good 6.25@ 6.35 (250-290) Medium and good 6.10® 6.25 —Packing Sows—-(27s-500) Medium and g00d... 4.23® 5.25 (110-120) Slaugher pigs 6.00@ 6.15 CATTLE (Slaughter Class) Receipts, 400; market, steady. —Steers— Good and choice $ 6.50® 8.00 Common and medium 5.25® 6.50 (1,100-1.500) Good and choice \ . 6.25® 7.75 Medium ~ . . 5.50® 6.25 —Heifers—-(soo-850t Good and choice . 6.25® 8.00 Common and medium 4.75® 6.25 —Cows— Good and choice 4.25® 5.25 Common and medium 3.50® 4.25 Low cutters and cutters 2.25® 3.50 —Bulls (yearlings excluded) Good and choice beefs 3.50® 4.25 Cutter, common and medium.. 2.25® 3.50 CALVES AND VEALERS Receipts. 700; market, steady. —Vealers— Good and choice $ 7.50® 8.00 Medium 5.50® 7.50 Cull and medium 3.00® 5.50 -r-Calves—-(2so-300) Good and medium 5.00® 7.00 Common and medium 3.00® 5.00 STOCKERS AND FEEDER STEERS Good and choice 5.50® 7.50 Common and medium 4.00® 5.50 (800-1,500) Good and choice 5.75® 7.50 Common and medium 4.00® 5.75 SHEEP AND LAMBS Receipts. 600; market, steady. Good and choice $ B.oo® 9.50 Common and medium 5.50® 8.00 Cull and common 1.75® 2.50 Cull and common I.oo® 1.75 Other Livestock By United Press CHICAGO. June s.—Hogs—Receipts, 18.000. including 7.000 direct; active. 10@15c higher than Thursday's average: bulk 140280 lbs.. $6.23®6.50; too. 56.50: pigs. s6© 6.2a; packing sows, $5©5.50; light lights'. 140-160 lbs., good and choice, [email protected]; lightweights. 160-200 lbs., good and choice. 65.30®6.50; medium weights. 200-250 lbs., good and choice. $6.25®6.50; heavyweights, 200-350 lbs., good and choice. 55.90®6.35: packing sows. 275-500 lbs., medium and good. 55®5.50; slaughter pigs, 100-130 lbs., good and choice. $5.90®:6.25. Cattle—Receipts. 3.000; calves, l.OoO; all yearlings active, fully steady; medium weight and weighty steers very dull, around 25c lower; butcher stock, bulls and vealers about steady; yearling steers. $8.40; heifers. $8; practical top weighty sausage bulls, $4; selected vealers up to $9.50; slaughter cattle and vealers: Steers. 600-900 lbs., good and choice, $7.25®8.75; 900-1.100 lbs., good and choice. $7.25@8,50; 1.100-1,300 lbs., good and choice. [email protected]; 1.300-1.500 lbs good and choice. 56.50®8; 600-1,300 lbs commonand medium. $5.50®7; heifers. 550-800 lbs., good and choice, [email protected]; common and medium. ss(®7; cows, good and cho‘ce, $4.75®6; common and medium. $4®4.75, low cutter and cutter cows. $2.50 ©4; bulls, yearlings excluded, good and choice, beef. [email protected]; cutter to medium, $3 ©4.10; vealers. milk fed. good and choice, [email protected]; medium. SS.SO®B; cull and common, $5©6.50: Stocker and feeder cattle: Steers. 500-1,050 lbs., good and choice. $6®7.25; common and medium, $4.i5®6.10. Sheep—Receipts, 8.000; lambs mostly steady, spots unevenly lower; bidding 25c lower on yearlings; desirable ewe and wether lambs. [email protected]; few $9.50; best yearlings held around $8: slaughter sheep and lambs; Lambs. 90 lbs. down good and choice. [email protected]; medium. $7.a0®8.50; all weights, common, so.so'a 9 °- 350 3! > s -. medium to choice. sF.s,v*li- 75: all weights, cull and common. sl® 1.75. By United Press „ £I, NCI HNATI. * 3une s.—Hogs—Receipts, 2,800; helciover none; active. 10@15c higher; spots up more on weighty butchers b? 11 ” J5 ra, ie 170-225 tbs., mostly 10c higher at $6.50; 240-270 lbs.. $6.25®6.50; 300-350 lbs.. $5.<5®6.10; 120-150 lbs.. 56.10©6.25: mostly $625; sows about steady. $425 to mostly 54.50: smooth lightweights up to 54.7a. Cattle—Receipts. 150; calves, 350supply very light; under tone strong to 25c higher on steers and heifers: cows slow, weak; odd lots common and medium steers ? I i c3 j 31 ?! 3 ®! 8, 55.50©5.65; a few better finished kind up to $7.50; beef cows, $4®4.75 low cutters and cutter cows to $3.25; strong weights. $3.50; bulls steady at s3©4; a few $4 2o; vealers steady; good and choice $7 18: largely $(.50(&8: lower grades. $7 down. Sheep—Receipts. 1,200; lambs unevenly steady to 50c lower; better grades. $8.50 to mostly $9; a few choice ewe ard wether lambs up to $9.50; common and medium. s6®B; most throwouts. $6.50® heavyweight fat ewes. $1.50®2; lightweights quotable up to $2.50. By Times Special LOUISVILLE, Ky., June s.—Hogs—Receipts. 700; market, 10c higher; 225 lbs. up. $5.75; 165 to 225 lbs.. $6.30; 130 to lbs., $5.65; 130 lbs. down. $5; rough *3.25®4.25: stags. $2.50. Cattle—Receipts' 200; market steady prime heavy steers $6 ®.; heavy shipping steers. $5.50(3)6; medium and plain steers. [email protected]; fat heifers $6®,i.00; common to medium heifers $4 ®6; good to choice cows. $3.50,34.50- medium to good cows. $2.75® 3.50; cutters $2.25®2.1 5; canners. $1.50©2.25; bulls. $3 ®4; feeders, $6(3-7: Stockers. 54.50® 6.75 Calves—Receipts. 300: market steady/ good to choice. [email protected]; outs. $5 down. Sheep —Receipts, l.iOO; market prospects lower. Thursday’s shipments: Cattle, none; calves 329; hoes, none; sheep. 1,218. By United Press PITTSBURGH. June 5-—Hogs—Receipts 1.800; market, strong to 10c higher; 150-200 ;b*. *6f0® 6.70. 220-250 lbs.. $6.25®6.50; 3 bs., $6.25©6.60: good kind up to $4. i5. Cattle—Receipts, 12; market nominally steady. Calves —Receipts. 225: market, slow to steady; good and choice vealers. $7.50®9. Sheep—Receipts. 750; iambs steady. 50c lower; good and choice grade. *8.50@10; other classes slow. By United Press FAST BUFFALO. Jure s.—Hogs—Receipt* I’Boo 1 ’ 800 - mostly steady, desirable 160210 lbs.. $6.60®6.75: few 230-260 lbs. butchers. $6.15© 6.50; pigs. $6.35®6.50; packing sows mostly. [email protected]; few $5. Cattle—Receip‘s 100: steady, mostly cutter cows at $2©3.50. Calves —Receipts. 500; steady to 50c lower; good to choice veal- £ r s- B V 9st h common to medium, s4® ‘•s® Sheep—Receipts. 1.800; lambs slow fully 50c lower, some bids of! more on T s .^ in( T. s desirable Kentucky lambs. slo® 10.50; throwouts. $79; sheen weak to 50c lower shorn ewes. $1.50@3. By United Press 1 dune s.—Hogs—Receipts. 1 200; bo*do'-er. none; steady to 15c higher: paid for 160-210 lbs., bid and mixed offerings. $6.60; 120-250 lbs.. $6.50 down. Cattle—Receipts. 50; common steers, strong to 25c higher: largely $6.30 down: cows about steady: $2.50© 4.50 on Shelley low cutter to good kinds. Calves—--300: slow, weak, bulk vealers. $8.50 down; odd best individuals. S3; most hea.-j. .. 7.50; few. $8; culls, downward to $6. Sheep —Receipts. 300; nothing reprs-r* alive here: general undeatone weak to 25c lower; cull to medium laahs s6®9; bulk weighty ewes. $2®2.25.

THE INDIANAPOLIS TIMES

Chicago Stocks (By James T. HamlU & CO.l “

—June 5 TOTAL SALES 140.000 SHARES High. Low. Last. Allied Motor Ind 1% Allied Products 18% 18 18 Amer Equities 3% Art Metal Works 4% Assoc Telephone Util.. 24 23% 24 Bendix Aviation 17% 16 16 Borg-Wamer 18 16% 17 Brown Fence & Wire A 14% Burnham Trading 1% Butler Bros 4% 4% 4% Cent 111 Securities 20% Cent Pub Serv Class A. 13*1 12Vi 12% Cent & So West 15% I*% 1j Cities Service 11% 11** 11*2 Commonwealth Edison 214 202% 204 Continental Chicago ... 5% 5 5% Continental Chi pfd ... 35 ... ... Cord Corp 9Vi BVi 8% Corp Securities 16*4 15% 15% Corp Securities Cass... 47 46 46% E’.ectric Household 20% 18 20% Gen Theal Equip VTC C 4% Gleaner 1% ... Great Lakes Aircraft .. 3% 33% Gr.g.bv-Grunow 3% 33 Hiv:-C.artcr pfd 6% H r./iille-Hershey "A” 14V* 13% 14 -loud ';*le-Hershey "B” s** 5 5% fr.:-.'i Util Inv 25% 23 24*a * '' Util In pfd ex-w 72 71 72 In U! In pfd 2 B,,’i '4O 82 80 81% r . . oman 14% V- ’ cNeil 11% 10% 10% 'a ■ c Household UtU 3* ’-an.:r ttan-Dearbom .. 10% " Field 27*2 27 27 lit /a West Utilities... 16% 15V* 16 i-md United 19 18% 19 .3 'Luisas Pipe Line .. 4% Icaine k 22*2 'Uikeeon Motor Spec A 11% i . tional Electric Pwr A 22% 21% 22*4 ;r..ona! Family Stores.. 5 3V4 4% T ..onal-Standard 29% 28 29 7 ,rtlx Amer Car 14* 2 ... North Am Light & Pwr 64 63*4 63% .Irytheon VTC 5% Ryerson & Son 19% ■Scab Util Shares .... 3% Southern Union Gas.... 7 6% 7 S-eir.iie Radio Vi o.udebaker Mall IV* Swift & Cos 26 25 Vi 26 Swift Internacional 32% 32 32 United Gas Corp> 6*4 5% 6*4 U 3 Radio & Tel 19% 18 18 Uli’ity & Ind 5% 5V' 5% Utility & Ind pfd 15V* 15*4 15% Waclgreen Cos com 18% 18 18

Dow-Jones Summary

Pacific Telephone and Telegraph Company declared regular quarterly dividend of $1.75 on common stock, payable June 30. of record June 20. Peoples Light and Power omits quarterly dividend of 60 cents on Class “A” stock, due at this time. \ Standard of Ohio declared regular quarterly dividend of 62Vi cents on common stock, payable July 1, of record June 15. First National Stores four weeks ended May 23, sales $8,426,914, against $235,136 in like period of 1930. Postal Telegraph and Cable and associated companies first quarter net loss $285,490 after taxes and charges, against net profit $143,393, or 47 cents a share on 7 per cent preferred in like quarter of 1930. Pierce Petroleum Corporation first quarter net 6 cents a share. Canadian Pacific May gross $12,084,000 against $15,017,000 in May. 1930. Five months gross $58,051,000. against 569,213,000. Daniel Reeves May sales $2,407,563 r gainst $2,702,568 in May, 1930. Five months $14,442,025. against $15,639,029. Morrison Electric Supply’ Company. May sales $108,760, against $154,716 in May--1930. Five months $794,486, against $859,977. Mackay companies declared a regular quarterly dividend of $1 on preferred slock, payable JuJy 1, of record June 12. Boeing Airplane Company subsidiary of United Aircraft and Transport gets order rom navy for thirty planes, costing $494,415. Consolidated Gas and Utilities Company -HL'l e „ri ontl F April 30 - 1933 - suoss income 02.904,017. Net earnings after expenses ?nd general taxei $1,527,166. balance available for reserves, federal taxes and dividends $636,904. Niles-Bement-Pond declares 35 cent dividend. Previously paid 50 cents quarterly. Porto Rican-American Tobacco reduces annual dividend rate on class (A) stock to $2 from $3.50.

Indianapolis Stocks

—June 5 Bid. Ask American Cent Life Ins C0..1.000 Belt RR & S Yds Cos c0m.... 30% 38% Beit R R & S Yds Cos pfd 65.. 49*/ a 55 Bobbs-Merrill Cos 20 26% Central Ind Pow Cos pfd 75.. 78 83 Circle Theater Cos com 7s 100 Citizens Gas Cos com 10s 25 Citizens Gas Cos pfd 5s 96 ioi Common with Loan Cos pfd. 7s 97 101 Commonwealth In Cos pfd 85..100 Hook Drug com 7 Indiana Hotel Cos Claypool c. .105 Ind Hotel Cos pfd 6s 100 Indpls Gas Com 6s 57 ’60% •Intipis Pw & Lt Cos pfd 6Vb5..103% 105% Indpls Pub Wei Ln Assn cm 8s 50 Indpls Wa Cos pfd 5s 101 Pub Servos Ind 7s 98 ioi Pub Servos Ind 6s 84 89 Metro Loan Cos 8s 101 North Ind Pub Ser Cos pfd 5%s 93 - 98 No Indiana Pub Sv Cos pfd 65..100 104 No Indiana Pub Cos 7s 110 E Rauh & Sons Fert Cos pfd 6s 47 i!! Shareholders Invest Cos 8 Ter Haute Tr & Li Cos pfd 6s 83 Union Title Cos com 3s 15 Van Camp Prod co Ist pfd 7s .. 93 Van Camp Prod Cos 2d pfd 8s .. 93 Backstay Welt Cos com 13% 15 P i p s- Line Ct> 24 26 Link Belt com 25% 26 Lynch Glass Machine Cos com 16 16% Noblitt Smarks Industrial Inc.. 32 39 Perfect Circie Cos com 27% 29*% Real Silk Hosiery Mills Inc Cos 12 14 Standard Oil Cos (Indiana) 21*/ Ross Gear 19 21 Natl Tile 4% 5 J D Adams Manufacturing Cos, 18% 20 •Ex dividend. BONDS Belt RR & Stk Yds Cos 4s .... 92** ASk Cent Ind Gas Cos 5s 99 Cent Ind Power Cos 6s 100 Citizens Gos Cos 5s ....100 Citizens Street Railroad 5s . ’ 21 F O .? 1 ! T & T of Ft. Wavfie 6s. 102*4 Ind Railw & Light Cos 5s 93 Uitipls Pow &H,Co 5s 103*. " Indpls Gas Cos 5s .....102 Indpls Street Rvs 4s 12 Indpls Trac Terminal Cos 55.. 45% Indpls Union Rv 5s 102 Indpls Water Cos 5%s '54 ....104 Indpls Wat Cos Ist lien ref ss. 100 Indpls Water Cos 4*/*$ 99 Indpls Water Wks Sec Cos 55.. 89 Interstate Pub Ser Cos 4%5.. 93% Interstate Pub Ser Cos (B) 6%5105‘ Interstate 5s 99 No Ind Pub Serv Cos % ....103 Terre H T & L 5* 94

New York Curb Market

(By Thomson & McKinnon) —June 5 . _ „ Close! close £ om National Sugar.. 29 Am Gas & El.. 55%;National Av ... 5% Am L t& Tr... 37*4 National Inv ... 4 Ark Gas ...... 3% Newmont Min .. 28% Brazil Pw & Lt 14% Nia Hud Pwr... 10% Can Marc 2* 4 Pantepec % Cities Serv ... ll% ( Penroad 5% Cons Gas 85** Prince & Whtly I*4 £ ord , •••g.-i.w.-- 9% Salt Creek 4% Crocker & Wh.. 9% Sel Indus 2% g, ura nt Mot 1% Shenandoah .... 5% Elec Bond Sh.. 35 Std of Ind 23 Ford of Eng... 11 std of Kv .... 17V* Fox Theater ... 3 (Stutz 22 Goldman Sachs. 6 Trans Air Trans 6% Gulf Oil 44*4 Un Gas (new).. 6 Hudson Bay ... 3%'Un Lt Ss Pwr... 19% Humble Oil ... 54 Un Verde 5% Insull Lt 24*4 Ut & Indus .... 5% Int Pete 9 Ut Power 7% Midwest U .... 16% Vacuum Oil 33 Mo Kan Pipe,. 4% Van Camp 5% Mt Prod 3% Walgreen 18

Net Changes

By United Press NEW YORK. June s.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: . T - up. oa. Alaska Juneau 19V* *i ... American Can 99% ... 1% American Smelting 29 % ... Atchison 148 2% ... Auburn 167 ... 13" Bethlehem Steel 44% ... % Case 71% ... 1 Consolidated Gas 90% ... % Electric Power 34% . . 2 General Electric 39% ... *4 Genera Motors 34% ... % International Nickel 11** .. % International Telephone .. 25 .. % Loews Inc 40% % . . McKeesport Tin Plate 79 1 N Y Central 81% i% Pennsylvania R R 49% 1% Radio 15% ... % Radio-Keith 13% . % Sinclair 8% i. Standard Oil N Y 15 % Texas Corn 20 Transameriea 7% ... *i£ Union Carbide 48% ... % United Corp ex-dividend... 20% . % U S Steel 92*4 ." *4 Vanadium 30% 1% Westinghouse Electric 64 7 4 ... %

FUTURES HULO ! FIRM IN LIGHT TRADING RANGE Lack of Rain in Canada Is Bullish Factor; Tone Strong. BY HAROLD E. RAINYILLE United Press Staff Correspondent CHICAGO, June 5.—A minor dip shortly before noon in sympathy with a reaction in thf stock market brought renewed buying on the Board of Trade today, and wheat shot back up to the highest price for September since May 21, more than 1% cents higher than Thursday’s close. The sensationally bullish aspects of the Canadian crop reports gave the market a sharp rise early, but selling against bids checked the advance. Despite selling of wheat here against purchases at Winnipeg, the market strengthened here in line j with the rise at the northern marj ket. There was some profit-taking I by longs during the day. Wheat Closes Up Corn followed wheat most of the day, but was uneven, December weakening under pressure. Oats were affected by the action in the other gains. At the close wheat was % to 1% cents higher, with June up lVs cents; corn was unchanged to % cent lower and oats were la to li cent higher. Provisions were 20 to 30 points higher. Liverpool continued strong although not holding the best prices, closing % tc Hi cents higher. The dry situation in Canada remains unchanged and the belief was expressed that the heavy rains and hail in northwest Kansas and Nebraska may have done some damage to winter wheat. Cash prices were 1 to 2 cents lower. Receipts were 57 cars. Com Options Easy Corn eased fractionally with | wheat at the start and was not as I prompt in rallying as the major cereal. July suffered some further pressure at the start. Prices wer§ down li to li cent at midsession. Receipts again were light. Heavy rains were general over the belt, particularly in lowa. Cash prices were V 2 to 1 cent higher. Receipts were eighty cars. Oats eased with corn and likewise failed to rally early, showing li cent lower at midmorning. Trading was quiet. Cash prices were li to 1-2 cent higher. Receipts were twelve cars. By Unites Press CHICAGO, June s.—Cash grain close: Wheat —No. 2 red, 76c; No. 1 hard, 78c; No. 1 northern, 76c. Corn—No. 2 mixed. 56%c; No. 1 yellow. 56%@57%c; No. 2 yellow, 56%®57%c; No. 3 yellow, 55c; No.

DOWNSTAIRS w AYRES PWmMTO MERCHANDISE W AVKES SERVICE LOW rairniß > Saturday Morning at 9! Another Sale of 500 MEN’S SUITS At the Same Sensational Wool Worsted Suits Wool Tweed Suits Wool Cassimere Suits Wool 4-Pc. Golf Suits Wool Serge Suits Smart Tuxedo Suits e were tortunate enough to secure another big group of :V , > these wonderful wool suits that caused such a riot two weeks H teyßaßK ago. Same fine quality materials. Same smart styles. Same W good fitting qualities! Still the finest value we’ve seen in Indianapolis. These come from one of America’s largest makers. This time we have plenty of the smaller sizes that S ° U * S ° before. Be here early to insure getting jraji Young Men’s Sizes, 34 to 44 Stouts, 38 to 46 Actual .mm See Them —Judge for Yourself 1 See these garments . . . feel the quality of the fabrics ... exfe amine the tailoring. Note the smart spring and summer styles. Try them on. Then you will realize what a BARGAIN* you are getting.

The Birthday of Our Flag Do you know why June 14 is celebrated as Flag day? Did you know that the and Stripes were never carried by troops in the field during the Revolutionary war? Do you know how the stars were arranged on the first United States flag? Did you know that the flag at one time had fifteen stripes? Can you tell what John Paul Jones had to do with the first flag raised on a naval vessel of the United States? Do you know what flag was displayed when George Washington took command of the Continental forces? What do you know about the genesis of the design for our flag? Can you tell how the first flag was made at Ft. Stanwix; and why congress paid Colonel Swartwout for the loss of his blue coat? Do you know the rules for display of the flag? Do you know the flag salute? Do you know’ where the flag is displayed continuously night and day? All these and hundreds of other questions about the history, rules for proper display, and etiquet of the flag are contained in our Washington bureau's new bulletin THE FLAG OF THE UNITED STATES. You will be surprised when you read it, to find how many things about our flag are new to you. Fill out the coupon below and send for this interesting and informative bulletin. CLIP COUPON HERE Department 132, Washington Bureau, The Indianapolis 'rimes, 1322 New York avenue, Washington, D. C. I want a copy of the bulletin THE FLAG OF THE UNITED STATES, and inclose herewith 5 cents in coin or loose uncanceled United States postage stamps, to cover return postage and handling costs. — ' Name Street and No City , State I am a daily reader of The Indianapolis Times. (Code No.)

4 yellow, 55%%56c; No. 5 yellow, 53 1 i@ 55c; No. 6 yellow, 53 l / 2 c; No. 2 white, 58’iff?59c: No. 3 white. 5?%®57*4c; No. 6 white, 55c. Oats—No. 2 white, 28®28%c; No. 3 white. 27c; No. 4 white, 26c. Rye—none. Barley—37® 54c. Timothy—sß.2s® 8.75. Clover—[email protected]. By Times Special CHICAGO. June s.—Primary receipts: Wheat, 1,034,000, against 691.000; corn, 488,000, against 839,000; oats, 475.000, against 249.000. Shipments: Wheat—7s7,000. against 645.000; corn. 478,000. against 613,000; oats, 239.000. against 327,000 By Times Special CHICAGO. June s.—Cartots: Wheat. 40; corn, 89; oats. 7: rye. 2. and barley. 5. Chicago Grain Table —June 5 WHEAT— Prey. Open. High. Low. Close, close. June 66% .67% .66‘i .67% .66% July 58% .60% .58% .59% .58% Sept 59 .60*2 .58% .60Vb .59's Dec 62% .64% .62% .63% .62% CORN— July 56% .58 .56% .57% .57% Sept 53% .54 .52% .53% .53% Dec 47% .47% .46% .47 .47% OATS— July 26% .26% .26% .26% .26% Sept 26% .27% .26% .27% .26% Dec X... .29% .29% .29% .29% .29% RYE— July 37 .38 .36% .37% .37% Sept 39% .40 .38% .39% .39% Dec 43- .43% .42% .43% 43% LARD— July 7.97 8.05 7.92 8.00 7.82 Sept 8.00 8 20 8.00 8.10 7.92 Oct 8.00 8.20 8.00 8.12 7.90 BELLIES— July 8.75 8.75 8.72 - 8.75 8.50 Aug 8.75 8.90 8.75 8.90 8.55 Sept 9.05 8.67 By United Press TOLEDO, 0., June s.—Close: Grain on track. 28%c rate. Wheat—No. 2 red. 73® 74c; No. 1 red, lc premium. Corn —No. 2, yellow, 56%@57%c; No. 3 yellow, 55@56c.

Local Wagon Wheat

City grai nelevators are paying 64c lor No. 1 red wheat and 63c for No. 1 hard wheat.

Oats—No. 2 white. 28%@29%c; No. 3 white, 27%@28%c. Clover—Domestic prime old. $13.75; prime new, sl4; prime choice new. $14.25; prime choice old. sl4; Oct., sl4; Dec.. $14.25. Alsyke—Cash. 14. Butter —Fancy creamery. 27®28c: Eggs—Country run 15® 16c. Hay—Timothy per cwt, $1.25.

Cash Grain

... —June 5 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41 %c New York rate, were: Wheat—Steady: No. 1 red. 68%®70%c; No 2 red. 67%@69%c; No. 2 hard/ 67%S 69V2C. Corn—Firm; No. 2 white. 53®55c; No. 3 wnite. 52®54c; No. 2 yellow. 51®53c: No. 3 vellow. 50®52c; No. 2 mixed. 49r,; 50c; No. 3 mixed. 48®49c. Oats—Firm; No. 2 whiet, 25@26c: No. 3 white. 24%@25%c. Hay (f o. b. country points taking 23%c or less rates to Cincinnati or Louisville)— Steady to weak; No. 1 timothy. $12T13; No. 2 timothy. [email protected]; No. 3 timothy. j? o ' 1 I * Kht clover mixed. $10.50® 11; No. 1 clover mixed. $10®10.50; No. 1 clover hay. $8.50®9 —lnspections Wheat—No. 1 red. 1 car; No. 1 mixed. 1 car. Total. 2 cars. Corn (new)—No. 1 white. 1 car; No. 2 white. 3 cars; No 3 white. I car; No. 4 white. 1 car: No. 1 yellow. 1 car; No. 2 yellow. 9 cars: No. 3 vellow. 9 cars; No. 4 yellow. 4 cars; No. 5 yellow. 1 car. Total. 31 cars. Oats—No. 1 white. 2 cars; No. 2 white, 12 cars: No. 3 white, 5 cars; No. 4 white, 1 car; sample white. 1 carj. Total. 21 cars. RAW SUGAR FRICES —June 5 High. Low. Close. January 1.41 1.34 1.33 March 1.46 1.39 1.44 May 1.52 1.47 1.50 July 1.23 1.16 1.20 September 1.30 1.24 1.28 December 1.39 1.32 1.36 NEW YORK COFFEE RANGE —June 5 High. Low. Close. March 6.24 6.23 6.24 May 6.26 6.24 6.25 July 5.92 5.92 September 6.07 6.03 6.06 December 6.19 6.15 6.18

.JUNE 6, 1931/

ZONING BOARD'S HANDS TIED ON BUSINESS SITES Appellate Court Rules That Only Council Can Fix Locations for Stores. Hands of the zoning commission of Indianapolis to declare certain sections of the city zoned for “busij ness purposes" were tied Friday, and ; many sectors of the city placed in a j quandary by a ruling of the Indiana ! appellate court. The court ruled that an ordinance passed by the city council was the : only legal method of zoning blocks in the city for business purposes. I i The ruling came in the dissolution of an injunction obtained by the Ostrom Realty and Construction ; Company against the city to pre- | vent interference in the erection of a business building at Forty-sixth street and Boulevard place. Must Be Done by Council The injunction was obtained in the Marion county superior courts in 1926. The realty company planned erection of the building under an order of the zoning body permitting business buildings at Forty-sixth street. Later the board revoked its order and with the revocation the injunction was obtained. “The zoning board is powerless to zone for business purposes, only through the passage of a city ordinance by the council," the court ruled. Store Sites Periled The one-story building planned by the realty compahy was not erected. “It was held up after we obtained the injunction to give the city a chance to widen Boulevard place; we did start on the basement but quit after that," officials of the realty firm said. The status of many store buildings in the city erected under zoning board orders, may be jeopardized by the appellate court ruling, it was believed.

Produce Markets

Eggs (country run)—Loss off delivered in Indianapolis. 12c; henery quality. No. 1. 14c; No. 2. 19c. Poultry (buying prices)—Hens weighing 5 lbs. or over. 17c: under 5 lbs.. 17c; Leghorn hens. 14c; 1930 broilers, full feathered 1% lbs. and up, 34c: under 1% lbs.. 20c; bareback. 16c: Leghorn broilers. 20c: ducks. 9c- old cocks. B@9c: ducks, full feathered, fat whites. 9c: geese. 6c. These prices aro for No. 1 top duality, auoted by Kingan A* C< Butter (wholesale) —No. 1. 27®28c: No. 2. 25®26c. Butterfat—22c. .. Chese (wholesale selling price per pound) —American loaf. 22c: pimento loaf. 32c: Wisconsin firsts. 19c; Longhorns. 16c; Now York limberger. 30c.