Indianapolis Times, Volume 43, Number 24, Indianapolis, Marion County, 8 June 1931 — Page 10

PAGE 10

STOCKS RECEIVE SUPPORT AFTER INITIAL DECLINE Industrials Show Gains Ranging to 3 Points Around Noon.

Average Stock Prices

Average of thirty Industrials for Saturday was 129 91. oft 3 42. Average of twenty rails was 73.72. oft 2.45. Average of twenv utilities was 52.33. off 1.50. By ELMER C. WALZER United Tress Financial Editor NEW YORK, June B.—The stock market resumed the decline of the previous session today, met support and by noon had risen to net gains to 3 points in the industrial list. Railroad shares which had been depressed 1 to more than 4 points made up part of their losses. Coppers firmed up under the lead of Anaconda which rose more than a point to 22’i. United States Steel was driven down to 86-? Lin the early trading, but around noon it was back to 88!i wh'-re it was off 1U points. Corresponding recoveries were made by other leaders. Rail Shares Unsettled Around noon Wcstinghouse Electric was at 64%, up V,k ; Allied Chemical 112, up 1%; Auburn Auto 166, up 3; Case 71%, up 1%, while fractional advances were noted in General Motors, Du Pont, Standard Brands, Johns Manville and General Electric. In the railroad group, prices were linsittled by a poor first quarter report by Pennsylvania railroad and fears New York Central would reduce the dividend at the meeting to held Wednesday. Both these issues rallied after sharp declines and small advances from the lows took place in others of the carrier group. New York Central touched 74% and then came back to 76, where it v ac, off 2 points. Pennsylvania rose fractionally from its low of 44%, where It was down 2% points. Coppers Hold Firm Around noon Atchison was at 142, off 3% from the previous close, but up l point from the low. Chesapeake & Ohio at 31%, ex-dividend, was down 2% points. Firmness in copper shares were helped by a firmer tendency in prices for the metal. Following Anaconda into higher ground, Kcnnecott rose to 17, up %, and American Smelting 27%, up %. Gold mining issues v.cre less conspicious than recently and prices held about steady. Utilities moved in a narrow range around the previous close after undergoing some rather heavy selling in (he early trading.

Bank Clearings

INDIANAPOLIS STATEMENT —June 8— Clearings 52,898,000.00 Debits 5.481,000.00 CHICAGO STATEMENT . —June 8— Clearings $68,900,000.00 Balances 11,200,000.00 TREASURY STATEMENT —June 8— Net balance for June 5 $75,721,308.00 Expenditures 10,186,984.00 Customs rects. mo. to date... 5.341,242.00

New York Bank Stocks

(By Thomson <fc McKinnon > —June 6 Bid , Ask. America 39 1 j 424 Bankers . 87 U 904 Brooklyn Trust 395 405 Central Hanover 218 223 Chase National 69 72 Chatham Phoenix Natl ... 56') 594 Chemical 394 414 City National 71 "4 744 Corn Exchange 91 95 Commercial 210 255 Continental 174 20 ’2 Empire <24 45 1 a First National 3,280 3,480 Guaranty 420 425 Irtincr 284 SO"! Manhattan & Company .... 704 734 Manufacturers DO 3 * 404 New York Trust 137 133 Public 45 '2 48'i

Investment Trust Shares

(Bv Gibson & Bernard) TRICES ARE TO 12 NOON C. S. T. Bid. Ask. Air.er Founders Corp Com 33% Am Sc Gen Sec A 13 Am Inv Trust Shares 4% 5 Basic Industry Shares 4=4 5% Corporate Trust Shares 4% s'n Cumulative Tr Sh 5% 6=B Diversified Trustee Shares A. 13% .. First American Corp 6=B 7% Fixed Trust Oil Shares 3% 4*4 Fixed Trust. Shares A 12 1 a ... Inv Trust NY 6 7 Leaders of Industry, series A 6% ... Nation Wide Securities 5% 5% National Industry Shares .... 4% 5% N Am Trust Shares 4% 5% Sel Ani Shares 4% 4% Shawmut Bank Inv Trust ... 6 fi Universal Trust Shares 4% 5% Super Corp of Am Tr Sh A... 5% 5% Fundamental Tr Sh A 5= 4 6' Fundamental Tr Sh B 6 6% U S Elec Li Sc Pwr A 27 29 New York Liberty Bonds —June 6 3%s i 102.19 Ist 4%s 103.14 4th 4’,s 104.30 Treasury 4%s 113.31 Treasury 4s 109.11 Treasury 3%s 107,11 Treasury 3-%s of '47. 103.10 Treasury 3%s of '43 (March) 1C2.C0 Other Livestock EAST ST. LOUIS, 111., June B.—Hogs Receipts. 1,500; market, active; 10® 15c higher than Saturday's average; top, $6.60; bulk. 150-240 lbs.. $6.50®6.60; 260-290 lbs.. $6.30®6.45; 100-130 lbs.. $6.40; sows largely $4.90®5.20. CiAtle— Receipts. 2.200; calves receipts. 2.200; market, bulls and vealers, steady; other calsses active, most 25c higher; steers and fat mixed yearlings and heifers, s7®B; a few up more; cows s4®s; low cutters. $2.50@3: medium bulls, $3.75 down; good and choice vealers. $6.25. Sheep—Receipts. 6.000; market, slow; few lambs, early, to butchers steady; packers bidding lower: few small lots to butchers, $9; packers talking $8.60 and lower: lambs 90 lbs. down, gootf and choice, sß.2sfu 9.75medium. s7®B 25; all weights common. $5 ®7; ewes. 90-150 lbs., medium to choice, $1®2.25' all weights cull and common. 50c Si 1.25.

Local Wagon Wneat

City eral nelevators are paying 64c for No 1 red wheat and 63c for No. 1 hard wheat. BOOST BANK CAPITAL South Bend Institution Also Files Change of Name. Echoes of the South Bend bank merger was recorded by Secretary of State Frank Mayr Jr. today with filing of Increased capitalization for the Indiana Trust Company, South Bend. Pa pew were filed changing the capital stock from 2,000 to 8,000 shares at SIOO a share. Name of the institution also was changed to the First Bank and Trust Company of South Bend.

New York Stocks “*————■ ——— b Thomson a McKinnon* ———————

—June $— Railroads — Prev. High. Low. 11 30. close. Atchison 144’j 141 141’2 145% Balt & 0hi0.,.. 49' 49 49 50% 1 Chesa A Ohio 33 31 % 31% 34% Chesa Coro .. 33 3a 3 * 33 34% CM Ort West 4% Chi N West 30 C R I ft f . 30%" 30 30% 30% Del t ft W 53 Del 6c Hudson ... ... 118 120 Erie ... 17% Great Northern 49% Illinois Central. ... 45% 44% M K St T 12 11% 11% 13 Mo Pacific V 17 17% N Y Central .. 77 74% 754 78% NY NH & H ... 70% Nor Pacific . . 38 36% Norfolk Sc West ... ... 151 Pennsylvania ... 45% 44% 44% 47 Seaboard Air L . ... % ... So Pacific 72% 72 72% 75% Southern Ry . . 39 31% St Paul 4% 7% St Paul pfd 7 St I, ft SP . 16 15% 15% 16% Union Pacific . 150 148% 148% 132% W Maryland .. .. . ... 10% Equipments— Am Steel Fd ... 13% l}% Gen Am Tank 56 57% G-moral Elec.... 33% 38 38% 33% Lima Loco 20 4 ... N Y Air Brake 13% ... Press Stl Car ... 3 Pullman 3.3 22’* 32% 33 Westingh Ar B . . ... 23% 23 ; Westingh Elec. 64 62% 62% 6V. Rubbers— Firestone ... . . 19 Fisk % Goodrich ... io% io% Goodyear 33% 33% 33% 33 - Kelly Sprgfld 1% U S Rubber . .. 11% 11% 11% 11% Me, tors— Aubt/rn 160 155 157% 161 Chrysler 16% 15% 15% 16 Graham Paige.. 4 3% 3% 4 General Motors.. 34 33% 33% 33% Hudson 12% 12% 12% 13 Hupp ... 64 6% Mack ... 26% 27 Nash 23% 23% 23% 23% Packard C% 6% 6% 6% Heo 6% e% Studcbaker 16% 15% Yellow Truck ... 7% 7% Motor Access— Bendlx Aviation 15% 15% 15% 17% Borg Warner... 16 15% 15% 13% Briggs 9% 9% 9% 9% Buda Wheel ... ... 3% Baton 10% 10 10 10% 771 Storage B ... f>% Haves Body .. 2% Houda 5 Motor Wheel ... .. 10% Sparks W 8% 84 8% 8% Stewart Warner.. 10% 10 10 10% Timken Roil 33 33% Mining— Am Metals . ... 8% ... Am Smelt 27 26% 26% 27% Am Zinc ... ... •! Anaconda Cop., 21% 20% 29% 20% Cal & Hecla 5=4 Dime Mines .... 12% 12% 12% 124 Freeport Texas.. 25 24% 24% 23% Granby Corn ... 11% ... Great Nor Ore.. 18 Howe Sound 15% Int Nickel 11 10% 10% 11% Inspiration ... ... 532 Kennecott Cop... 16% 16*4 16% 16% Magma Cop 11% Miami Copper 5 Nev Cons 7% 74 7% 8% Texas Gul Sul... 3174 31% 31% 31% Oils— Amerada ... 154 16% At! Refining 13% 13% Barnsdall 6% 6% 6% 6% Beacon .. 7% Houston 7 Ohio Oil 8% Mex Sbd 1.3% 12% 12% 12% Mid Conti ... . 7% 7% 7% 7% Phillips :. 5% 5% 5% 5% Pr Oil & Gas 9 Pure Oil 5% 5% Richfield ... 1% 11/4 Royal Dutch 28% 25% Shell Un 5% 5 5 4% Sinclair 7% 7% 7% 8 Skelly ... .. 3% of Cal ... 34% 34 4 34% 33% Stand of NJ .. 33% 32 4 32 4 32=2 Stand of N Y .. 14% 14% 14% 14% Texas Cos 19 19% Union Oil 16% Steels— Am Roll Mills... 17 16=2 16% 16% Bethlehem 43 4 42 4 43 43 4 Byers A M 28% 27% 27% 29 Colo Fuel 12% Cruc Steel 36% 364 36% 37% Inland 40 41 Midland 154 16% Newton ... 12% ... Rcpub I & S 11 114 U S Steel . 83 86% 87% 89% Vanadium 29 274 28% 29% Youngst SA: W 18% 18% Tobaccos— Am Tob Anew 105 Am Tob B new 108 107% 107% 109 Con Cigars ... ... 32% Tug 6c Myers 8.. 64% 63% 63 4 64% T.orillard 1372 13% 1.3% 14% Reynolds Tob... 47% 47=2 47% 48 United Cig ... 4% Utilities— Abitibi 3% Adams Exp 12% 13 Am For Pwr... 24% 23% 24 4 24 4 Am Pwr & Li.. .. ... 32% 33 A T 6c T 166 164 165% 16672 Col Gas At El 24 2372 23% 24% Com & 50u.... 7% 7% 7% 7% El Pwr & Li 324 314 31% 32 Gen Gas (A). ... 4% 4% Inti TANARUS& T 24" 23=2 23% 23% No Amer Cos 61 60 CO 624 Pas Gas & El 41% Pub Ser N J 764 76 76 76 So Cal Edison.. 39 39% Std G6c E 1.... 58 57% 58 59 United Corp 19% 19% 19% 19% Ut Pwr L A. 21=2 20% 20% 21% West Union ... ... 102 % Shinning— Am Inti Corp ... 11% 11 11 114 Atl Gulf Sc W I .. ... 17 United Fruit 52% 52% 52% ... Foods— Armour (A) ... ... It's 1% Can Dry ... 40% 39 4 Childs Cos 20% 20% Coca Cola 138 136% 136% 133% Cont Baking (A) 10% 104 Com Prod 61% 60% 61% 61 Cudahy Pkg 37 Cuban Am Sugar . ... 3% ... Gen Foods 4672 46% 46% 46% Grand Union ... ... 15=4 Hershev 90 Jewel Tea ... 40 Kroger 274 26 27% 26 Nat Biscuit 64 63 63 64% Purity Bak 28% 28% Safeway St . 46% 48% Std Brands ... 16% 16 16 16 Ward Bkg ... .. 372 Drugs— Cotv Inc . . 7% 7% Lambert Cos 65% 64% 65% 654 Lehn 6c Fink ... 25% Industrials— Am Radiator 12% 12% 12% 12 Bush Term 21 214 Gen Asphalt ... 17=4 ... Otis Elev ... .. 35 Indus Chems— Allied Chem ....111% 103% 111% 110% Com Solv 12% 11% 12% 12 Union Curb 46% 46% 46% 46% U S Ind Alco.. 29 28% 23% 294 Retail Stores— Gimbel Bros 4% 4% K res go S S 26 4 26% May D Store ... ... 31% Mont Ward 17% 17 17% 17 7* Penny J C 31 31 Sears Roe 49% 48% 49% 49% Woolworth 66% 65% 66=8 66% Amusements— Col Graph 6% 6% 64 6% Eastman Kod . ..125% 124% 124% 126%

Net Changes

By United Press NEW YORK. June 6.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Off Alaska Juneau 18=4 % American Can 98% 1% American Telephone 166% 1% Atchison 145% 2% Auburn 161 6 Bethlehem. Steel 43% l Case 70% 1% Chrysler 16 *2 Consolidated Gas 88% 2’.4 Fox Film A 16‘ % General Electr.c 38% 1% General Motors 33% I*4 International Nickel 11% % International Telephone 23=8 1 Loevv’s Inc 39% 1% McKeesport Tin Plate 78*4 % Montgomery Ward 17* 4 % New York Central 79 2%' Pennsylvania Railroad 47 2% Radio 14% % Radio-Keith 12% % Sinclair 8% % Stand Oil New Jersev 32=4 I*4 Standard Oil New York 14% % Trrnsnmerica 7% % Unite.l States Steel 89% 2% Vanadium 29% % Westinghouse Electric 63% 1%

New York Curb Market

i By Thcmson & McKinnonl —June 8 — 11:30 11:30 Am Com Pwr.. U'j'Xewmont Min .. 25 Am Gas & El.. 53 N’ia Hud Pwr.. 104 Ark Gas .... 44 Pcnroad 54 Br ,7il Pw & Lt 134 Salt Creek 4'-, Cities Serv 10V3el Indus 3 Cord 34 3henandoah .... 54 Elec Bond Sh. . 32V3td of Ind 224 Fori of Eng 10 3 ,5td of Kv 17’* Go'cman Sachs 54 Un Gas inewl.. 54 Gulf Oil 38’ 2 On Lt & Pwr 18’, Insull Ut 224 Un Verde 54 Int Pete 9 ut Power 74 Midwest U ... 15 5 Vacuum Oil 31 s * National Inv .. 4 PROTEST DITCH IN SUIT Wayne Township Mass Meeting Called to Prepare for Trial. Wayne township community will hold a final mass meeting June 10 in Wayne township school No. 14 in preparation for the suit against the Columbia Construction Company which will come to trial June 12. Th" community brought suit against the company, which built a drainage ditch through the township to block an assessment against landowners. Clayton Marsh will be in charge of the meeting.

Fox Fll mA ... 16% 15% IS 16V. Grigsby Oru ... 3 Loews Inc 39% 38% 39% 39% Param Fam. ... 22% 21% 22 224 Radio Corp .... 15 14% 14% 14% R-K-O 12% 12% 12% 12% Warner 8r05.... 6% 64 6% % Congoieum 10 9% 97 10% Am Can 98 97% 98 93% Cont Can 45 41% 44% 40% Curtiss Wr. ... 24 2% 2% 2 Gillette S R.... 24% 23% 237* 2t Real Silk 12 ... Cn Arcft 24% 234 24 23% Int Harv 40 39% 39% *0 2

The City in Brief

TUESDAY EVENTS American Guild of Organists, convention, Lincoln. National Council of Federated Church Women, convention. Soink-Arms. Rotarv Club luncheon. Claypool. Ovro Club luncheon. Spink-Arms. Mercator Club luncheon, Columbia Architectural Club luncheon, Architects' and Builders’ bnilding. Purchasing Agnts' Association luncheon. Severin. American Chemical Society luncheon. Chamber of Commerce. Universal Club luncheon. Columbia Club. University of Michigan Alumni luncheon, l incoln. North Side Exchange Club luncheon, 8811* College avenue. Alliance Francaise luncheon, SpinkArms. Indianapolis Republican Veterans luncheon. Board of Trade. Indianapolis Medical Society, 8:15 p. m.. Athenaeum. Indianapolis League for the Hard of hearing. 7 p. m.. Stokes building. United Credt Bureaus luncheon, SpinkArms. The Brookside Civic League will meet tonight at the Brookside Community house to discuss various current topics. Plans for the annual feast of lanters will be made. Robbins circus, sponsored by the Indianapolis Elks lodge, will open at Keystone and English avenues today for benefit performances for the city orphans and crippled children. Professor Seth E. Elliott, head of the physics department at Butler university, will receive a degree of Ph. D. in physics from Indiana university June 15 at commencement exercises. Mary Rose Hinder resigned Saturday as publicity agent for BobbsMerrill Company, Indianapolis publishers, to continue literary activities in New York. Members of the Young People’s Federation of Evangelical churches of the city will hold a dinner Friday night in the Y. W. C. A. The Rev. Titus Lehmann, pastor of St. Paul’s Evangeilcal church, will speak. jf Women’s Auxiliary to the First Presbyterian church will hold a lawn supper and entertainment Friday at the home of Mr. and Mrs. Mansur B. Oakes, 4419 Washington boulevard. A short play, “Six Who Pass While the Lentils Boil,” will be presented under the direction of Robert Louis Oberreich, who is affiliated with the Civic thaeter. Competition in the third annual bunion derby of seventy-five miles at the Y. M. C. A. will begin today. Running will be on the gym track, and a contestant will be allowed only five miles a week to give a program of exercise continuing the whole summer. Gerritt M. Bates, Indianapolis attorney and member of the Indiana house of representatives, has been elected president of the Arsenal Technical alumni. Miss Iris Innes was elected vice-president and Miss Irma Vollrath, treasurer. Girl Reserve camp activities at damp Delight on White river, June 15 to July 27, will be directed by counselors of the organizations. All school girls of Indianapolis are eligible to enroll at the camp during this period, planned for Girl Reserves. Committee on the building code Df the Indianapolis Real Estate Board will meet Thursday afternoon at 821 Lemcke building. Merritt C-larrison is chairman. George O. Cowan, whose law offices have been in the Indiana Trust building for ten years, has removed them to 511 Meyer-Kiser Bank building. Indianapolis Lions will go on their annual picnic at Northern Beach Wednesday, having arranged for the outing a program of games, athletic events, contests, and a dinner at 5:30. Governors of seven American and one Mexican states will greet Indianapolis youths personally on the tour of the Indiana Boys Caravan, which leaves here July 2 and returns Aug. 20 from a tour of the southwest. The tour will extend as far as Sonora, Mexico. Hugh J. Baker, Margaret C. Miller and Arnold T. Norsdieck of Indianapolis, today were graduated with bachelor or arts degrees from Ohio State university at Columbus, O. Election of officers of the Indianapolis Board of Trade is being held today. An independent ticket has entered the field in addition to that named by the official nominating committee. Chicago Stocks Opening (By James Hrrr.ill & Cos.) —June 8 — Bendix Avia ... 16 Insu'.l Com .... 24 Borg Warner... 16% Insull 6s 1940. 80 Cord Corpn ... Uunit c 18% Conti Ch Corp c 5% Middlewest com 16 Conti Ch Corp p 35 Swift &Cos 26 Comnw Edison 199% Swift Internl .. 32 Grigsby Grunow 3 Util & Ind com 5% Houdi A 14*8 ARMS RULING SCORED Supereme Court Put Government Above God, Says Editorial. By United Press CHICAGO. June B.—Government and the Constitution are placed above God by the recent supreme court decision denying citizenship to Prof. D. C. Macintosh of Yale divinity school, the Christian Century undenominational religious journal declared today in an editorial. Macintosh was refused citizens because he said he would not bear arms in a war which he believed unjust and thousands of churchgoers have pretested the decision, the Christian Century said, on the grounds that it requires every citizen to submerge his religious views t to the will of Congress. Livestock Prosecutions Looming All suits against violators of the 1931 provision of the state livestock law requiring sale barns to be registered with the state veterinarian will be prosecuted in Marion county under a ruling of AttorneyGeneral James M. Ogden. The ruling was given upon request of Dr. F. H. Brown, state veterinarian.

THE INDIANAPOLIS TIMES

SHARP UPTURN NETS 35-CENT 6AIN FOR HOGS Little Is Done in Cattle Market: Sheep Trade Unchanged. June Bulk Early Top Receipts 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 10® 6.35 6.35 6.000 5. 6.25® 6.45 6.45 5.500 6. 6.25®. 6.45 8.45 5.000 8. * 6.25® 6.45 6.80 5.000 Considering recent markets hogs took quite a jump this morning at the city stockyards when prices rcss from 25 to 35 cents on all classes. The bulk, 140 to 300 pounds, cojd for 56.50 to $6.80, with the early top holding at $6.80. Receipts were estimated at 5,000; holders, 87. The rise evidently reflects a more optimistic state of mind by traders in sympathy with recent developments in other markets. In the cattle market steers were negligible; she stock steady to strong. Receipts were 250. Vealers Tiowed a somewhat weaker trend, prices holding steady, however. Calf receipts were 500. Top price for this class was SB. Little change was noted in sheep Good and choice made the market mostly at $8 to $9. Receipts were 300. Chicago hog receipts were 40,000, including 17,000 direct. Holdovers 2,000. Opening strong to 10 cents Higher than Friday’s average. Few loads of 230 to 260-pound weights sold at $6.40 to $6.50. Choice of 200-pound weights were selling at $6.40 to $6.50, while some held higher. Choice of 280 pounds held at $6.30. Cattle receipts were 12,000. Calves, 2,000, and steady. Sheep receipts 15,00, and steady. HOGS Receipts, 5.000; market, higher. —Light Lights—-(l4o-160) Good and choice $ 6.50® 6.60 —Light Weights—-(l6o-180) Good and choice... 6.75 (180-200) Good and choice 6.75 —Medium Weights—-(2oo-220) Good and choice... 6.75@ 6.80 (220-250) Medium and g00d... 6.75® 6.80 —Heavy Weights—-(2so-290) Medium and g00d... 6.5Q@ 6.70 (290-350) Medium and g00d... 6.3a@ 6.50 Packing Sows—-(27s-500) Medium and g00d... 4.50@ 5.50 1110-120) Slaughter pigs 6.25® 6.50 CATTLE (Slaughter Class) Receipts, 250; market, higher, —Steers— Good and choice $ 7.00® 8.50 Common and medium 5.50® 7.00 (1,100-1.500* Good and choice 6.75@ 8.25 Medium 5.75® 6.75 —Heifers—-(soo-850) Good and choice 6.50@ 8.25 Common and medium 5.00® 6.50 Good and choice 4.50® 5.50 Common and medium 3.50(0) 4.50 Low cutters and cutters 2.00® 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, 500; 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 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. 500; market, steady. Good and choice $7.50® 9.00 Common and medium 5.00® 7.50 Cull and common 1.75® 2.50 Cull and common I.oo® 1.75 Other Livestock By United Press CHICAGO, June B.—Hogs—Receipts 40,000. mending 17.000 direct; active. 10c higher than Friday's average; bulk 180-260 lbs.. $6.40® 6.55; top. $6.60; 270-320 lbs. [email protected]; 140-170 lbs., $6.25®6.40; pigs, s6'); 6.25; packing sows, [email protected]; light lights, 140-160 lbs., good and choice, $5.20 ® 6.45; light weight. 160-200 ,lbs., good and choice, $6.40® 6.60; medium and choice, [email protected]; medium weights, 200-250 lbs , godo and choice. $6.35®6.60; heavy yj’Shts. 250-350 lbs., gopd and choice, '6®6.50; packing sows. 275-500 lbs., me?AU n ?.,„ an ,£ [email protected]; slaughter pigs 100-130 lbs., good and choice, $6®6.35. Cattle—Receipts. 12,000; calves, 2.000; all yeanings around 25c higher; weighty and Dlam steers, srong; she stock scarce, around 25c higher; bulls. 10®l5c up; light vealers about steady, weighty kinds tending lower: loot; yearlings steers. $8.90: slaughter cattle and vealers; steers 600-900 lbs., good and choice. $7.50®9; 900-1 100 good and choice. $7.50®8.75; 1,100- ] , lb % wod and choice. *7.25® 8.75; ’.300-1 500 lbs., god and choice, $6.75® 2-30: eOO-1,300 lbs., common and medium'. $5.50® 7.25; heifers. [email protected] lbs., good end choice [email protected]: common and medim. $a.2a®7.25; cows, good and choice, -5®:56.2a; common and medium s4®s- - cutter and cutter, $2.50®4; bulls yesr.’ngs excluded, good and choice beef, s4® 4.50: cutter to medium. $3.25®4.15; vealers (milk fed), good and choice. [email protected], $6.50®8; culland common, ss® pecker and feeder cattle; steers 500I.OaO lbs., god and choice. $6®7.50- comTs°,?n n and S 5®S. Sheep—Receipts. ’•j.dOO; weak to 25,c lower, most lambs SoTiJfVr * ul ’ decline; early bulk natives. $8.50a 9; best. $9.35: choice yearlings held around $8 unsold: few ewes. sl®2: slaughter sheep and lambs; lambs. 90 lps. down, good and choice, $8.25@10: medium.'s7® 8 25; all weights common. $5.25® „'T. r ‘ s 96*150 lbs., medium to choice, $1 60 ®175 Rl welghts cul Bn d common, $1 By United Press CINCINNATI, 0., June 8 Hogs—Re%iP2o; hVT Ileldov " active 0 ? iy *oc higher, some weighty butchers 25c or more up; better grade 170 to 240 lbs largely $6.85; 250 to 270 lbs.. $6.5006.75; .*ome 300 lbs. or better $6.25; 120 to 150 -?rk’„L. t 0 ?5c higher at $6.35®6.40; sows. 2 i c h: gher at $4.50 to mostly $4.75. Cattle—Receipts, 550; calves, 450 seers and heifers fairly active. 25c to 5Cc Fr J da y or 50c to 75c higher o , common and medium te ?rs and heifers largely s6®7; better finished kind, $7.50®8: a few $8.25: cows $4.20<5 4.75. some $5; low cutters and cutters. $2.25®3.50; bulls stead- at $4 25 down; vealers fully steady; good to choice. ■%®B; largely .$7.50@8; lower grades $7 down. Sheep—Receipts, 1.400; better grade arnbs active, steady to strong soots 50c higher at $9®9.50; some held higher; bucks generally $1 or more below quotationscommon and medium steadv: most throw m’sono 6 .' 5 ?^ 7 ; 501 . s^ ep fat ewes. j1.50® 2, light weights up to $2.50. B;i United Press 3 June 8 - —Hogs—Receipts. holdover none; active: desirable "eights, mostly, 10® 15c over best weekend rates; 160-210 lbs. $6 85' 220-250 lbs lbs.. $6.40: others, sfeadv; pigs. $6.50: rough sows. $1.50. Cattle—Receipts. 600: active, fully 25 to 50c oVer week-end on steers of around $6.50®7.75 value, best prices 50c to 75c spots; more over week ago: best here. $8®8.10; cows ” r m. around $2.50® 4.50 on low cutter to •A s , nds ,'- 9*tves— Receipts. 1,000: steadv; Q handy weights. $8.50® 9. heavies, $7®7.00: occasionally $8; plain lighter weights with comparable price range; culls downward to $6. Sheep—Receiots. 1.700; slow, weak to unevenly lower: talking 10c down on all but choice fat lambs: common to good kinds. s7®9; plain vebrhngs extremely dull and only choice lightweight ewes at SC; bulk. $2.50 down. By United Press TOLEDO. June 8. —Hogs—Receipts. 350; market, 10®25c higher: heavies. $5.50®6; mediums. $6.25® 6.40: Yorkers. $6®6.25; Digs. [email protected]. Cattle —Receipts, 75: market active and strong. Calves—Receipts, lightmarket. steady. Sheep—Receipts, light; market, steady. By Times Special 1 tJISVI ¥ LE - „-I une 8-—Hogs—Receipts. L 200: market. 20c higher: 225 lbs. up. $.->.95: 165-225 lbs.. $6.50: 130-165 lbs.. $5.85; 130 lbs. down. $5.20: roughs. $3.45®4 45; stags. $2.70. Cattle—Receipts. 500: market, steady to strong: prime heavy steers, s6® <: heavy shipping steers. $5.50® 6; medium and plain steers. $5®5.50: fat heifers. s6® 7 50: common to medium heifers. s4®6; good to choice cows. $3.50®4.50: medium to good cows. 52.75 i3.5G-. cutters. $2.25® 2.75: canners. $1.25T) 2.25: bulls. *3® 4.25: feeders. s6® 7; stockers. $4.50416.75. Calves —Receipts. 700: market, prospects, steadv to weak. Sheep—Receipts. 2.500; market prospects, steadv to weak. Saturday and Sunday shipments—Cattle, none; calves. 536: hogs. 160; sheep. 1.171. I* ' By United Press t LAFAYETTE. Ind.. June B—Hogs—Market. 15®30c higher: 160-250 1b6.. $6.45; 250-275 lbs.. $6.35; 275-300 lbs., $3.20; 300325 lbs, $6.10; 140-160 lbs.. $6: 120-140 lbs.. $5.90; 100-125 lbs.. $5.75; roughs. $4.75 Calves, steady at $7; top lamas. $7.50.

BELIEVE IT ob NOT

n ckel f Ji^ fcck hltti Uiuiam KoguT j/\^ 111 -i\ condemned Criminal in a death cell xi/lffil * j blew himself to death v/ith / w^Wn A deck of ORDINARY PLAVIMG cards / HE MAH AH INFERNAL MACHINE FROM lk A Jp'i . OP WHICH COHTAIM A C 1931, Kin* Ftatnrn Syndic*!*, lev Grt*l Britain ttxhb ..*,

Dow-Jones Summary

J. C. Penny Company May sales $15,450,125, against $17,159,805 In May, 1930. Five months $62,527,068, against $70,630,918. National Tea May sales $6,631,375, against $7,525,836 in May, 1930. Five months $25,769,449, against $28,945,230. Stocks of crude rubber in London on June 6, totaled 84,915 tons, a decrease of 417 tons from preceding week. Liverpool 54,258 tons, an increase of 590. G. C. Murphy Company May sales $1,549.487, against $1,410,166 in May, 1930. Five months $6,892,440, against $5,812,096. Macmarr Stores May sales $6,838,733, against $7,635,392 in May, 1930. Five months $32,342,121, against $33,379,031. New York cables opened in London at 4.86 17-32, against 4.86 9-32; Paris, checks, 124.25; Amsterdam, 12,092. Crown Cork International Corporation omitted a quarterly dividend of 25 cents on the cumulative Class A stock, due at this time. Austrian bank rate increased to 6 per cent from 5 per cent. \ Rubber Manufacturers Association reports April shipments of tires 4,931,936. an increase of 19.7 per cent over March, decrease of 3 per cent from April. 1930. Production 4,944.363 casings, an increase of 3 per cent over March, but 12.4 per cent below April, 1930. California crude oil output in week ended June 6 averaged 526,300 barrels daily, a decrease of 7.500 daily from previous week, according to California Oil World. Pennsylvania Railroad first quarter net loss, including West Jersey & Seashore, $1,305,241 after taxes and charges, against net income excluding West Jersey & Seashore of $11,449,666 in like period of 1930. Treasury department calls for redemption outstanding $451,000,000 34 per cent notes of series C 1930-32 on Dec. 15, 1931. Burial Expenses Refused Ly United Press MARION, Ind., June B.—The Grant county council refused a plea for S6OO, for burial expenses for Tom Shipp and Abe Smith, Negro victims of a mob. *

LAXITY FOUND IN WICKERSHAM QUIZ

Prosecutors Often Allied Indirectly to Criminals, Says Probe Group. By United Press WASHINGTON, June B.—A general indictment of the present system of prosecuting lawbreakers was handed down today by the Wickersham commission in its fourth report. Prosecutors, the report said, indirectly are' allied through political affiliation with crime in some localities. The report revealed that out of every 100 prosecutions in Chicago or New York only four or five result in conviction. Cincinnati’s percentage is 17, Milwaukee's 60 and Baltimore's higher than 59. In that city there were 2,248 prosecutions and 1,311 convictions in 1928. “There is close connection,” the report said, “between corrupt local political organizations and criminal organizations. The former exploit and the latter organize law-breaking and vice. “Campaign funds are derived

TIMES GOLF ENTRY BLANK Sixth Annual INTERSCHOLASTIC GOLF TOURNAMENT South Grove Course June 15, 16, 17 and 18 Watch for other entrance requirements in Shooting Par golf column. (Mail this blank to the Golf Editor at The Times) Name l Address School Age Principal or GoU Coach

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

Following is the explanatoin of Ripley's “Believe It or Not” which appeared in Saturday's Times: A Pitcher Can Pitch an Entire Games Without Throwing a Bail —An umpire, in accordance with Section 2 of Rule 30, can call a ball for every twenty seconds in which the pitcher does not deliver the ball. This goes on until four balls are called on the batsman, and he takes his base. With the runner on first, thepitcher pretends to throw to first, and the runner takes second, in accordance with Section 6 of Rule 31. The pitcher balks in the same way to second and third, a run being scored. The second batsman up is declared out for change of boxes when in batting position, in accordance with Section 10 of Rule 44. The third man up is declared out for failure to step up one minute after being called. Rule 44 Section 2, and the fourth man is out for not taking his proper turn in batting order, per Rule 44, Section 1. This procedure is followed for the entire nine innings, the opposition failing to score, and in five of the innings the pitcher allowing runs to be made. Such a game, of course, is purely hypothetical, and never would really happen in a game, but is correct according to the Rules of Baseball. The Giant Skull—From the measurements of the giant skull at the Museum of Keswick, Cumberland county, England, the stature of the giant must have been in excess of ten feet, or about the height of the Philistine Goliath. Tuesday: “A. U. S. Port of Entry Not on the Sea.” De Pauw Instructor Dies GREENCASTLE, Ind., June B. Professor Adelbert F. Caldwell, 64, De Pauw university faculty member, is dead of heart disease after an illness of two years.

from what amounts to licensed violations of the law. “It has happened frequently that the prosecuting attorney withdraws wholly from the courts and devotes himself to the political side and sensational investigatory functions of his office, leaving the work of prosecution wholly to his assistants. “Between the desire for publicity and the fear of offending those who control local politics, the temptation is strong to fall into an ineffective perfunctory routine for everyday cases, with spectacular treatment of sensational cases.” The report largely absolved juries of blame for freeing of criminals. Few felony prosecutions ever reach the jury stage, it brought out. In Chicago the percentage is 3.8, New York 4.7, Cincinnati 11.8, St. Louis 13, and Cleveland 13.6. Most of this stoppage of prosecution, the report said, originates in the office of the prosecutor. Frequently, it added, cases are dropped on receipt of a plea of guilty to a lesser offense.

R V Begl*ter*<J 0. 1 MJ j Ftnt Offie* RIPLEY

Indianapolis Stocks

—June 8 — Bid. Ask. American Cent Life Ins Cos. .1,000 Belt RR & S Yds Cos c0m..,. 304 384 Belt RR & S Yds Cos pfd Bs.. 494 55 Bobbs-Merrlll Cos 20 264 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 96 101 Commonwlth Loan Cos pfd. 7s 97 101 Commonwealth In Cos pfd Bs.. 100 Hook Drug com 7 Indiana Hotel Cos Claypool C.. 105 ... Ind Hotel Cos pfd 6s 100 Indpls Gas Com 6s 57 ’ j 604 •Indpls Pw & Lt Cos pfd 6 Vis. 103>4 105% Indpls Pub Wei Ln Assn cm 8s 50 Indpls Wa Cos pfd 5s 101 Pub Servos Ind 7s 98 101 Pub Servos Ind 6s 84 89 Metro Loan Cos 8s 101 North Ind Pub Ser Cos pfd 54s 93 98 No Indiana Pub Sv Cos pfd 65.. 100 104 No Indiana Pub Cos 7s no E Rauh & Sons Fert Cos pfd 6s 47 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 Ind Pipe Line Cos io 10V2 Link Belt com 25% 26 Lynch Glass Machine Cos com 16 16% Noblitt Sparks Industrial Inc. 32 37' Perfect Circle Cos com 28 294 Real Silk Hosiery Mills Inc co 11 13 Standard Oil Cos (Indiana)... 22 224 Ross Gear 19 21 Natl Tile 4% 6 J D Adams Manufacturing Cos. 13 194 •Ex dividend. BONDS Belt P. R & Stk Yds Cos 4a ... 92*' ASk Cent Ind Gas Cos 5s 93 Cent Ind Power Cos 6s 100 Citizens Gos Cos 5s 100 Citizens Street Railroad 5s .. 21 Home T As T of Ft. Wavne 6s. 1024 Ind Railw & Light Cos os 93 Indpls Pow & LI Cos 5s 1034 Indpls Gas Cos 5s ..102 Indpls Street Rvs 4s 12 Indpls Trac Terminal Cos ss!. 454 Indpls Union Ry 5s 102 '" Indpls Water Cos s’is '54 .. 104 Indpls Wat Cos Ist lien ref ss. 100 Indpls Water Cos 4%s 99 Indpls Water Wks Sec Cos 5s 89 Interstate Pub Ser Cos 44s 934 "' Interstate Pub Ser Cos (B) 645105 Interstate 5s 99 No Ind Pub Serv Cos 5s 103 Terre II T & L 5s .. ...... 94

Produce Markets

Eggs (country rum—Loss off delivered in 14c- Ift Vo D °2 lS 'l3c 3C: hen€rv Quality. No. 1. Poultry (buying prices)—Hens weighing Ll b ,K or ov . e ; under 5 lbs., 17c- l£- ?® rn ih hen . s U^ 4c: 19 2? broilers, full feathered and up. 24c: under IV 2 lbs.. 20 crtiuft 8&9c: ducks, full feathered! fat whites. 9c, geese. 6c. These prices are for No. 1 top quality, quoted by Kingan & 2.®25 t ®3 r 6c fWhOleSale) ~" N0- h 27 ® 28c: No. Butterfat—22c. ffiSfySt life By United Press CHICAGO. June B. —Eggs Market' v: fl 7, < ?’ Dt f Ji 4 - 797 ca *: Ktra flrstJ; seconds?* lVfic. '^Butter—Market ei easV ■ *re' . standards. 2214 c. Poultry—Market ®re?dy to stronger; receipts. 1 car fowls’ 185 19V3C: springers. 26c: Leghorns. 15c ; ducks, springers. 18 519 c; geese springers' 19c: turkeys. 20523 - roosters w broilers, 2 lbs., 28c; broilers, unu’er 2 los.‘ Leehorn broilers. 23c. Cheese Twl is 12® 12lie; Young Americas. 12512‘ic Potatoes —On track. 345; arrivals. 278; shipments. 1,125; market, about steady to Triumnhs r< a nd n- Alabsma Bliss lriumDns. $1.45y>1J55! Texas triumrtV>e *1.40® 1.50; Idaho Russets. *1 75. trlumphs - By United Press NEW YORK. June B.—Potatoe.y—Market weak and lower: southern Si 5059 reh: Maine. *1.85®2 50 barrel- Bermuda' |[email protected] barrel: Canada. $1.25451.40 barrel' Bweet potatoes—Market, dull and easv bas * et! - *l-90 5 3 35; southern crate' 65®75c. Flour — Market, quiet and '■teadvspr ng patents. *4.5554.70. Pork—Market' dull-, mess. *22. Lard—Market steady-' middle-west spot. *8.1558.25. TaHow— Market, quiet; special to extra 35 3 ! -c Dressed poultry—Market quiet- turkeys 9% ®44c; chickens. 25537 c; broilers 25 5 42<M fowls. 12527 c: Lone iiland ducks 16® 19c. Live Poultry-Market dull andwellgeese. 10@12c: ducks. 145 26c; fowls 21*,’ 23c; turkeys. 151^30c; roosters 13c* broil ers. 20@3|c. Cheese-Market ' firm; state whole milk, fancy to special 12 5 23c young America. 14® 19 Vic. c. CLEYBLAND, June B.—Butter—Extras 26. c standards. 26*4c; market weak -Extras. lS> 2 c; firsts. 16c? marke*' msv Poultry-Heavy fowls.' 21c; Medium 22c I!? 0 ' heavy broilers.* 255 U c - 20® 26c- ducks. 155 22c, old cocks, 12c; geese. loifl3- market hna“cohHerf tC /') V^^ o s rth and Sooth CaroPer bbl.; Louisiana sa‘ck. ” i ph mostly *1.75 per 100-lb. Cigarets in their modem form wer e introduced into America and Europe about sixty years ago.

Thomson & McKinnon DfDIANAPOLIS CHICAGO NEW YORK MEMBERS N*w York Stock Exchange Chicago Stock Exchange Nw York Cotton Exchange Chicago Board of Trad# New York Curb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501

-JUNE 8, 1981

RAIN REPORTS FROM CANADA BREAKJVHEAT Profit-Taking Sales Are Another Factor in Downturn. BY HAROLD E. RAINYILLE United Press Staff Correspondent CHICAGO, June 8. —Short covering shortly after noon on the Board of Trade found offerings had dried up and prices staged a rally of well over 1 cent but failed to completely recover lost ground before the close. Winnipeg was relatively stronger than Chicago most of the day, as rains in the northwest were not generally beneficial, although the forecast was for cloudy weather with thundershowers. The visible supply increased only 815,000 bushels. Corn followed wheat closely during the day and closed lower. Oats held to a narrow range but was easy with the major cereals. Close Is Lower At the close wheat was 1 cent to 1% centc lower, corn was 4 cent to s s cent lower and oats were 4 cent to 4 cent lower. Provisions were weak. Liverpool continued weak and closed l'a to 14 cents lower. 1 Broomhall s foreign crop summary [ indicated a possible 35 per cent reduction in Australian acreage while a report from the northwest stated that the forecast for a 100,000,000bushel crop in the Pacific region would probably be lowered bv 30 to 40 per cent. Cash prices were 2 cents lower. Receipts were 134 cars. Corn Options Weak Corn eased with wheat at the start. Locals pressed the selling side on the weakness in the major cereal and in stocks,and also on the favorable .weather for the glowing crop. At mid-session prices were down Vi to % cent with the deferred months showing the greatest weakness. Cash prices were unchanged. Receipts were 110 cars. Oats eased fractionally with the othef grains. News was mostly bearish, but traders moved slowly, due to the extreme lowness of prevailing prices. The market was J* cent lower at mid-morning. Cash prices were unchanged. Receipts were 21 cars. Chicago Grain Table wheat— - J une a - Pre; , High. Low. 1100. close! July jB4 .584 .58 4 .59% Sept 59% .58** .58% 59% De G C ORN- 62,3 62 - 62, 03 '* 5ept. .52% {ft De (§ATsLl July 284 2<t Sept !26% .27 i-jec ..... . o RYE— s July 37 , ffP* 384 .3''4 LARD— * JuiV 7-90 7.85 7.90 7.90 Oct. 8.0) By Times Special rn£F?Q AG °V Ju ,T B.—Carlots: Wheat. 51; corn, 79, oats. 12: rye. 5. and barley, 15 Births Girls road*'** * n< * ® racie Cooper. 2021 Bluff 5£L.. a jyl Elsa Parsons. 2250 Bellefontaine. McKinley and Irene Garrott. 2304 Pa > = Yandes nder and Annie Benlard - 1701 Eleventh* aRd Bea;rice r ° rd - 223 Wert Paul and Hazel Herald. 3023 East Teri diaiiapofl- and Mildred Robinson. 2414 Inday* and Marttia Hansford, 1448 Hc’.ihospltal 1 and Dorls Rahn< St - Vincexit s George and Marion Ferguson. St Vi lcent s hospital. Vance a nd in ice Wallace. 4922 Ralston. Heg'naid and Henrietta Glllmore. 21.-5 North Pensylvania. Boys mont fUS and Myrt!e William*. 938 Ed :- Kenneth and Beatrice Baker. 416 No i Delaware. son* ym ° nd and Jenda Connell, 338 II 1Ambrose and Violet Raney, 1020 River W?st n el and Hoyster. 1244 4 No -h Vermont aKd An ” a Grifm:i ' 62 ? Eart New a v4rk d SHd Mary EReers - 402 W? r.t. lumbla° n and Dorothy Tern-. 2232 CaAnce and Sally Williams. 452 Agnes Sr mu el and Velta Bowles, 2137 Whit- „ Walter and Estella Hickman. Si. Vincent s hospital hdspltal and P * arl Bor ßhofT, S. Vlncer . s Deaths mPocardms rlett ' 17 ' Citv hospttal - Dital^Dneumonta 16 *' St ' VlDCent ' 3 Denofr°i‘u r<! 36 ‘ City k°*p.tal. P- - 4 - Rlley hospital, Harry Harrison. 22. Bt. Vlncerfr r - pltal. pulmonary hemorniage j e fsrcS.s:"ss‘ir&7-“- • fcr,h eru"Sr“S ye ‘- *>• • nal'Sse 11, ;,lUICr ' Cardi,> vas=ular reAdeua i>e <tiibi?s. 52. Central Indie, ia hosDitai. cnronic myocardium cinoma Mmaleiiela - ij - Brook, carmvocardUis.° ra * iam ' 46 ‘ 2207 M*rt‘nda;emyocarditis Riplcy ' SO, 520 East Vermont, monia 65 ilclore • 60> Lon(f hospital, paeuanulon ld RidKe - 1 mo - Rl!ey hospital, ln•soX? D na ? Clyde W'aachtstetter. 23 da> 3, 45,44 Boulevard place, mitral Insuuhicienc . Rose Ann Edwards. 78, (23 Easst Fortyninth, chronic myocarditis. INSURANCE MAN DIES J. W. Barnett to be Buried at New Palestine, Ind. Funeral services for James W. Barnett, 62, of 1109 North Tuxedo : street, Indianapolis insurance man for thirteen years, who died Sunday will be held Tuesday afternoon at 2:30 at the Westminster Presbyterian church. Burial will be in the New Palestine, Ind., cemetery. Mr. Bennett was connected with the Continental Fire Insurance Company here, having been transferred from Elwood in 1918. Survivors are the widow Mrs. Jessie Barnett; a daughter, Mr?’ George J. Connell; and two Mrs. Margaret Osborn of Colon, Mich., and Mrs. Jane Kauffman, of i Indianapolis.