Indianapolis Times, Volume 43, Number 27, Indianapolis, Marion County, 11 June 1931 — Page 15

TONE 11,1981.

SILK DIVIDEND ACTION CAUSES HEAVYSELLING Main Stock List Irregular After Firm Opening; Steel Weak.

Average Stock Prices

Average of thirty industrials for Wednesday w*s 138 33, up 3.85. Average of twenty rails was 75.18. up 1.18. Averatre of twenty utilities was 55.15. up 1.77 Average of forty bonds was 94.68. up .16. BY ELMER C. WALZER United Press Financial Editor NEW YORK, June 11.—Selective selling reduced prices in several sections of the stock market list today. The main list moved Irregularly after a firm opening with dealings on a small scale. Dividend changes In Southern Railway and Real Silk Hosiery brought heavy sellling into those issues. Southern Railway directors declared a dividend of 35 cents on common to be added to the $1.65 declared in advance, and payable Aug, 1 to stockholders of record July 1. No More Dividends A dividend of $2 was paid on the stock May 1, making a total for the year to Aug. 1, $4. Directors said no more dividends would be paid on common this year, and the stock promptly broke 3 points to 29. In the case of Real Silk Hosiery, the perferred dividend due at this time was omitted and the 10 per cent stock dividend on common, declared in advance, was rescinded. Real Silk common broke to anew low at 5, off 2 points. Aside from the Southern Railway decline, the carrier group held up fairly well. Around noon gains of a point or more were noted in Atchison, Southern Pacific and Union Pacific while the others were up fractionally. Utilities Hold Well Utilities held fairly well around the previous close. A . few industrials, including Bethlehem Steel, Youngstown Sheet & Tube, Vanadium and Case were higher. Youngstown rose 3 points to 48 reflecting anonuncement Wednesday of a 50 per cent stepup in number of sheet mills in operation. United States Steel did not fare as well as other steel issues. It rose to 91 Va in the early trading, but around noon it was down to 90, oft 114 points from the previous close. Westinghouse Electric, American Can, Allied Chemical and Auburn Auto declined. Copper shares held well following word that price of the metal had firmed up to 8% cents for domestic shipment.

Bank Clearings

INDIANAPOLIS STATEMENT —June 11— Clearings -$2,566,000.00 Debits 5,476,000.00 CHICAGO STATEMENT —June 11— Clearings H2’222'555'22 Balances 17,700,000.00 TREASURY STATEMENT —June 11— Net balance for June 9 $53,783,829.92 Expenditures „ 21,960.44 Customs rects. month to date 8.608.228.31

Produce Markets

Eggs (country run) —Loss off delivered in Indianapolis. 12c: henerv auality. No. 1, 14c No. 3.10 c. Poultry (buying prices)—Hens weighing 5 lbs. or over. 17c: under 5 lbs., l.c: Leghorn hens. 14c: 1830 broilers, full feathered 1% lbs. and ud. 24c: under IVi lbs., 20c; bareback. 16c: Leghorn broilers 20c: ducks, 9c: old cocks. s@Sc: ducks, full feathered, fat whites. 9c: ceese. 6c. These prices are for No. 1 top auality. auoted bv Kiugan & C< Buttr (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. 19Vic: Longhorns. 16%c: New York limbcrger. 30c. By United Press NEW YORK. June 11.— Potatoes—New. higher and firm; southern Maine. $1.35®2.50: Bermuda. [email protected], Canada. 51.25w1.40. Sweet potatws Market, easv: Jersey baskets. 75c®53.25. Flour—Market. firm _ and unchanged; spring patents. $4.55 5® 4.70. Pork—Market. steady; mess. $22. Lard—MarKet, firm; middlewcst spot. 8.15®8.25c. TaL low—Market, dull: special to extra 3@ 3Vie, Dressed poultry—Market, steady to firm: turkevs. 25©44c: chickens. 25®37c; broilers. 25®41c: fowls. 1227 c: Long Island ducks. 16® 18c. Live poultry—Market. steady; geese. 10>oT2c: ducks. 14® j 23c: fowls. 10®22c; turkeys. 15®30c; roosters. 13c: broilers. 20@35c. CheeseMarket. firm: state whole milk, fancy to special. 12%®23c; young Americas. 14® 19%c. By United Press CHICAGO, June 11.—Eggs—Market, easier: receipts. 25,299 cases; extra firsts, 15%c: firsts. 15V*c: current receipts. 14%c; seconds, 1294 c. Butter—Market, steady: receipts. 16,217 tubs; extras, 21 l ic; extra firsts. 30Vi®21c: firsts. 19 1 2 ®'20c; seconds. 16®18%c; standards. 21%c. Poultry Market, weak; receipts, no cars in. 1 due: fowls. 17%®18c: springers. 30c: Leghorns. 14Vic; ducks. 16®17Vic: geese. 17c; turkevs. 18®20c; roosters. 12%c: broilers, two lbs., 28c; broilers, under two lbs.. 24c; Leghorn broilers. 20®22c. Cheese—Twins. 13y®12%e: young Americas. 12@12 1 4C, Potatoes—On track. Ill: arrivals. 40c; shipments. 1.387: market firm to stronger; Alabama and Louisiana sacked bliss triumphs. *1.73®2: North Carolina barrels. Irish cobblers. $2.80®3: Idaho russets. $1.75® 1.90. By United Press CLEVELAND. June 11.—Butter—Extras. 35%c; standards. 25%c; market steady. Eggs—Extras. 16Vic: firsts, 16c; market, easy. Poultry—Heavy fow'ls. 21c; medium. 23c: Leghorn fowls. 17c; heavy broilers. 25 ®32c: Leghorn broilers. 18®34c; ducks. 15®22c: old cocks. 12c; geese. 10® 13c: market steady. Potatoes—North and South Carolina cobblers, 92.7553 83; mostly $2-75 per barrel. By United Press CINCINNATI. O, June 11.—Butter— Steady; creamery In tub lots, according to score. 20®22c; common score discounted. 3®3c: packing stcok No. 1. 18c: No. 2. 12c; No. 3.8 c; butterfat. 17® 19c. Eggs— Steady: cases, included; extra firsts. 16c: firsts. 14%c: seconds. 14c; nearby ungraded. 15 %e. Live poultry—Thin and coarse stock sell only at heavy discount: fowls. 5 lbs. and overs. 196 c: 4 lbs. and over. 19Vic: 3 lbs. and ever. 19'sc: Leghorns. 3 lbs. and over. 15c: roosters. 10%c; broilers, colored. 1 lb. ar.d over. 24c; 1% lbs. and over. 2Jc: 2 lbs. and over. 30c; partly feathered. 15 3200: Leghorn broilers. * lb. and ever. 16c: black springers. 20c; 1% lbs, and over. 22%c: 2 lbs. and over, 26c. New York Liberty Bonds —June 10— 9 Vis 102.19 Ist 4%s 103.12 4th 4%S 104,29 Treasury 4%s 114 Treasury 4s '. 109.1-mi Treasury 3%s 107.13*1 Treasury 3%s of '47 103 4 Treasury 3%s of ’43 (March) 103.2 Chicago Stocks Opening (Bv James T. Hamill <fc Cos.) —June 11— Assoc Tel UtU.. 23% Houdl A 14% Bendtx Avia... 16' insull Com ... 25% -Borg Warner... 17 ;Insull pfd 71 1 3 ‘cent So West.. 14% Ins 6's '4O 81% cord Coron 8% Midi Un com... 18 s Con Ch CD com 4% Middlew com... 16% Con Ch Cd PfdL |4Vj swift & Cos 25% Commonwn Ed 196 iSw Intern ?2% Chao Securities 14% u S Radio & Tel 30 Gen Thea Equld 41 Ut & Ind com... 5 3 4 Grigsby Orunow 3%<Zenith Radio,. 2% NEW YORK COFFEE RANGE —June 10— | High. Low. Close. January 6-68 6.61 6.61 I March 5 51 May 6 93 6.63 6.CJ July 6.40 6.31 6 26' September 6 54 6.38 6.42

New York Stocks ißv Thomson it McKinnon) —————

—June 11— Prev. Railroad- High. Low. 11:30. close. Atchison .. 150% Balt & 0hi0.... 53% S3 58 53% Chet* & Ohio.. 34% 38% 34 34 Cbesii Corp ... ... *45 Chi Ort West .. , Chi N We*t.... 80% 30 30% 80% CRUP.... 35 34 34 £§% Del 6fc Hudson 11# 120 ■ Eric 18 18J4 Great Northern .. ... 52% 52% Illinois Central $8 M*K c & ty T??;::; % as *% ff% Mo Pacific ... I# 1 * 19% Mo Pacific Dfd , j>9% N Y Central.... 85% 84% 85 |4% NY NH A; H.. 73% 73 73 <3 Nor Pacific ... 38 38% O & W 9% 9% 8% 9% Pennsylvania .. 48 46% 47% 47% Seaboard Air L % % 'ft 'A So Pacific 78% 1 7% 78% i7 Southern 32 St Paul St Paul Dfd ,§ ... St L 4 8 F 17% 17 Union Pacific 155 153 W Maryland H% 11 West Pacific Equipments— Am Car & Fdr 15*4 ••• Am Steel Fd ... 1J Gen Am Tank 36% General Elec... 40% 40% 40% 40% Lima Loco . ... 21% Pullman 34% 34 3* 34% Westinsh Ar 8.. ~ . ■ 23% 33% Westingh Elec. . 68 65 85 66 Rubbers— F’sk . ... * l/ 2 Goodyear 36 l /£ 36*4 36 1 4 36 Kelly Sprefid 1% lee Rubber ... 3 U S Rubber 12 13 Motors— Auburn 166% 163 164 167 Chrvsler 17% 16% 17 16% Graham Paige.. ... 3% General Motors. 3a% 35% 35% 3a% Hudson 13 % 13% Maclc 30% 30% Marmon 3% 3% Nash ... 25 Packard 7 6% Studebaker 16% 17% Yellow Track 7% 7% Motor .Access— Bendlx Avation 167* 16% Borg Warner..., 17% 17 17 16 Briegs 10% 10% 10% 10% Budd Wheel 8 7% 7% 8% Eaton ... 11% 11 Houda 5% 3% 5 Sparks W 9% 9’/# Stewart Warner ... 10% 10% Timken Roll.. . 33% 3i% 35% 35% Mining— Am Metals 9% ... , Am Smelt 30% 29% 29% 29% Anaconda Cod.. 22% 22 22% 22% Cal & Heela ... 6 574 Cal & Arlz 27 Cerro de Pasco 15 Dome Mines ... 11% 11% 11% 11% Freeport Texas 26% Granby Corp 10% ... Great Nor Ore 1774 17% Howe Sound ... .. 15V* Int Nickel 12% 1174 12 12>/ 4 Inspiration 5% Kennecott Cop.. 17% 17 17% 18 Nev Cons ... 8 8% Texas Gul Sul.. 3274 32% 32% 33% U S Smelt 15% Oils— Amerada 16% Am Republic 7 Atl Refining .. . 15% 15 15 14% Barnsdall 7 Beacon 8 Houston 8% 8% Indian Refining 2% .. Ohio Oil ... 8% 9 Mex Sbd 14% 14% 14% 14% Mid Conti 8 7% 774 8 Phillips 6% 6% 6% 6% Pure OH ... 6 Richfield 1% 1% Royal Dutch ... 26% 26% 26% 26% Shell Un 6% 6 Sinclair 7% 8 Skelly 4% 4 4 Standard of Cal 36% 35% 35% 35% Stand of N J ... 36 35% 35% 35% Stand of N Y .. 16% 15% 16 16 Texas Cos 20% 20% Union Oil 19' e 18% Steels— Am Roll Mills.. 18% 18% 18% 18% Bethlehem 45 % 44% 44% 44 % Byers A M 31% 31% 31% 30% Colo Fuel ... 12% ... Cruc Steel 387* Inland 41 Vi Ludlum 10 % 10% Midland 19% 19*4 19% 19% Repub I& S 12% 12 12 12% U S Steel 91% 90% 90% 917# Vanadium 3174 3174 31% 31 Youngst S6t W 19% 19% Youngst S & T 45 Tobaccos— A Tob A (new) 108 -... A Tob B (new) 112 111% 11174 1117s 430n Cigars 32% General Cigar 32% Llg &, Myrs (B) 66% 657* 65% 65% Lorillard 14% 14% 14% 14% Phil Morris io% lo Reynolds Tob 48% 48% Std Com Tob... .. 2% Tob Pr B 2% ... United Clg 4% ... Utilities— Abitlbl 3% 3% Adams Exp 13% 13 Am For Pwr 26% 2574 2574 2674 Am Pwr & L 1... 36% 35% 36% 35 A T & T 169% 16874 168% 168 Col Gas & El.. 27 74 26 7# 26% 27 Com & Sou ... 8% 8 El Pwr & Li.... 3574 34% 3474 34% Gen Gas A 5 47# 5 4% lntl TANARUS& T 26 25% 2574 2574 Natl Fwr & Li... 2474 24% 24% 24-% No Amer Cos 647# 63!# 63*2 64% Pac Gas & El 43 Pub Ser N J 80% 79% 7974 80% So Cal Edison... 41% 41 41 407i Std G & E 1.... 63% 63% 637# 62% United Corp.... 23% 22% 22% 2374 Ut Pwr & L A. 2274 2 2 22 % 22 West Union 115 Shipping— Am Inti Corp.. 1274 1 2 12 12 Am Ship £z Com 74 Atl Gulf & W I .. _ ... 17 United Fruit.... 5574 55 55 5574 Foods— Am Sug 48 Armour A 2 Beechnut Pkg 50 Cal Pkg 237# Can Drv 43 427# 42% 43 Childs Cos ... 20*4 Coca Cola 14174 Cont Baking A 11 Corn Prod 64 Cudahy Pkg ... 38 38 Cuban Am Sug 3 Gen Foods .... 47% 4774 4774 47 Grand Union 15% Hershev 92 Jewel Tea 40 Kroger 27% 2774 27% 2774 Nat Biscuit ... 66% 66% 66% 66 Pillsburv 27 Purity Bak 30>4 30 Safeway St 5174 Std Brands 1774 177# 17% 1774 Drugs— Coty Inc 7% 8% Lambert Cos 66% 66 Lehn & Fink 25 25 Industrials— Am Radiator ... 13 127* 13 127* Gen Asphalt 21 Otis Elev 36 Indus Chems— Allied Chom ...121 119 119 12074 Com Solv 13% 13'4 1374 13%

Investment Trust Shares

(By Gibson & Bernard) PRICES ARE TO 12 NOON C. S. T. —June 11— Bid. Ask. Amer Founder’s Corn c0m.... 2% 3 Am & Gen Sec A 13 Am Inv Trust Shares 4% 5% Basic Industry Shares 4% 5% Corporate Trust Shares 4% 5% Cumulative Tr Sh 6% 6% Diversified Trustee Shares A 14% ... First American Corp 6% 7% Fixed Trust Oil Shares 3% ... Fixed Trust Shares A 12% ... Inv Trust N Y 6 7 Leaders of Industry Series A., 6% ... Nation Wide Securities 5% 6 National Industry Shares... 4% 5% N Am Trust Shares 4% 5% Sel Am Shares 4% 5 Shawmut Bank Inv Trust 6 8 Universal Trust Shares 5 5 2 SupeT Corp of Am Tr Sh A. s*# 6 Fundamental Tr Sh A 6 6 Va Fundamental Tr Sh B 6% 7 U S Elec Li & Pwr A 27% 29%

Net Changes

By United Press NEW YORK. June 10.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. OfT. Alaska Juneau 14% ... 3T* American Can 103=8 3% ... American Telephone . .168 lVa ... Atchison 150% 3% ... Bethlehem Steel 44% 2 Cass 75Vs 3H ... Consolidated Gas 93 3 Electric Fower 34% 1% ... Fox Film A 1% 1 General Electric 49% 1 General Motors 35% 1% ... International Nickel .12’ 4 ’4 ... Kersnesott 13 H ... Loew’s Inc 42 Pa .. McKeesport Tin 85 3 Montgomery Ward 18=4 % ... NaUonal Power 24-% P 8 ... N V Central 84% 4 North Americr.n 64'-. 2% ... Paramount £3% Vi ... Pub'ie Service 89% 2% ... Rtd'o I? 1 * 1 Radio-Keith 13% % ?esrs Roebuck 52 % ... Standard Gas 62% 3% ... Serve! 11% l'a ... Union Carbide 48% 1% ... United Cerp 23’ 2% ... U S Steel 91 1 4 2% . vr.*dlum 30 7 i Pa ... Westinchouse 66 2% ... Western Union 113 6% ... j Local Wagon Wheat Cltv grain elevators are paving 64c for No. 1 red wheat and 63c for No. 1 hard wheat. RAW SUGAR PRICES —June 10— High. Low. Clote January 1.39 1.86 1.38 March 1.48 1.44 1.44 May 1 53 1.49 1 49 July 1.24 1.21 1.23 September 1.32 1.28 1 28 December 1 40 1.36 1 36

Union Csrb .... 49% 48% 48% 49% Retail Store*— Kresge S S 28% May D Store..:, 33% 33% 33% 32% Mont Ward 19% 19% 19 18% Penny J C. 32 Sears Roe .... 52% 51% 51% 52 Woolworth .... 70% 69% 69% 69% Amusements— Bruns Baike 8% Col Graph ' 7% 7% 7% 7% Eastman K0d....133 132 132 132 Fox Film A.... 2074 19% 1974 1774 Grigsby Grunow 3% 3% 3% 3% Loews Inc 43% 4274 42 7# 41% Parair. Fam ... 23% 33% 23% 23 Radio Corp 16 15% 15% 1674 R K O 14% 13% 11% 13% Warner Bros .. 7% 77* 7% 7 Miscellaneous— \ City Ice & Fu 31 31 Congoleum 10% 10% 10% 10% Amer Can 104% 102% 102% 103% Cont Can 48 46% 43 47)', Curtiss Wr 32% 2% 2% Gillette S R .... 24 2374 2m 23% Real Silk ...... 7 5 5% 7

The City in Brief

FRIDAT EVENTS American Guild of Organists, convention. Lincoln. National Council of Federated Church Women, convention. Spink-Arms. Exchange Club, luncheon. Lincoln. Optimist Club. luncheon. Claynoot. Altrusa Club. luncheon, Columbia Club. Phi Delta Theta, luncheon. Chamber of Commerce. Delta Chi. luncheon, Spink-Arm*. Delta Tan Delta, luncheon, Columbia Club. Master Painters* Association, luncheon. Antlers. Indianapolis Round Table, luncheon, Lincoln. First Ward Republican Club, 8 p. m., Clark’s hall. Honorary degree of doctor of divinity has been awarded by Hobart college, Geneva, N. Y., to the Rev. Floyd Van Keuren, former rector of Christ Episcopal church. He now is executive secretary of the social service commission of the Episcopal diocese of New York. Bishop Cameron Chesterfield Alleyne of New York spoke Wednesday at the opening meeting of the twen-ty-second annual session of the Indiana conference of the African M. E. Zion church in Jones Tabernacle. A reception and banquet completed the first program. Two hundred and fifty persons from Indiana and surrounding states attended. The session will continue until Sunday night. A reunion of present and former teachers of Beech Grove school will be held Wednesday in Garfield park. Those planning to attend are to meet at the shelter house at 5 o’clock. ' “Nothing But the Truth,” a short comedy will be presented by the faculty of Crispus Attucks high school at 8 tonight in the school auditorium for the scholarship fund. Mrs. A. J. Brickler and Miss Blanche Emanuel will direct the Play. Diplomas were awarded twentytwo seniors of St. John’s academy Wednesday night in the K. of C. auditorium. Joseph P. McNamara, Indianapolis attorney, spoke. Garfield park will be the meeting place for the Parke county reunion June 28. Dr. John G. Benson, superintendent of the Methodist hospital will speak. Noon dinner will be served in the shelterhouse. Six essays by grade and high schoolpupils on “Why a Student Should Visit Washington” were chosen by judges from several hundred papers to win for their authors a trip to Washington as guests of Brooke Johns, master of ceremonies at the Indiana theater. Winners are Tommy Ford, John Estrange school; Harold Tuttlerow, Warren Central high school; John Worrall, school No. 10; Angelo Angelopolous, school No. 3; Esther Griner, Dunkirk high school, and Jeanne Skinner, Shortridge high school. Exchange Club members at the weekly luncheon Friday in the Lincoln will hear Albert P. Smith, attorney, and director of the Indiana division of the Association Against The Eighteenth Amendment. Indiana all-state Lions Club band will rehearse at state fairground at 2 Sunday afternoon. The Young Lawyers Association will hold a round table discussion at at the Washington, at a luncheon Thursday. Parke county residents will hold their annual reunion at Garfield park at 12:30 p. m., June 28. Dr. John B. Benson, from Methodist hospital, wil speak. Twenty-four members of Boy Scout troop 69 will be feted tonight by H. W. Dragco in recognition of advancements that have been made since March 1. A chicken dinner and a miniature golf tournament will be held. Secretaries and department trustees of the Y. M. C. A. gave annual reports of boys’ work Tuesday night at a board meeting in the Central “Y.” Edgar H. Evans, president of the association, had charge of the meeting.

New York Bank Stocks

IBy Thomson & McKinnon) —June 10—" Bid. Ask. America 41% 44% Bankers 89% 92% Brooklyn Trust 400 410 Central Hanover 221 226 Chase National eg% 7314 Chatham Phoenix Natl 55% 58% Chemical 40% 42% City National ” 72 75 Corn Exchange 94 98 Commercial 240 350 Continental 1734 3034 Empire 43 45' First National 3,275 3.475 Guaranty 437 443 Irving 29% 31% Manhattan &Cos 70% 73% Manufacturers 3 37 - 41% New York Trust 134 * 139 PubxlC 43 48 Other Livestock By United Press , June 11—Hogs—Receipts. 2.000. holdoser none; strong to mostlv 15c higher; spots 2oc or more up! sows steady to strong; better grade 175-240 lbs.. $7; about one lead choice 190 lbs.. $7.15; 250 to around 270 lbs 56.E0®6.90; a few 300-120-150 lbe.. mostly * 6 -50- to mostly 54.75: smooth lightweights. $5. Cattle—Receipts. 300: ca.ves, 550; better grade steers and heifers in narrow demand, flow, weak; other masses steady: common and medium steers and heifers. s6®7; better steers upward around S<n: beef cows. 54.25®4.75; I, If • Vgy., cutters and cutter cows. i 2 ,!? 5 * 3 .?*- b Y il£ . strong mostly $3.50® c A ! 2 fs „^* d y : weighty kinds slow; *ocd and choice vealers. s7lß* liehter r e /wil tS 'fuades and heavy d °wn. Sheep—Receipts. 2.000. w m ?, stly ste *dy; other classes B l if hanß f d: bet % r grade fat lambs. s9® sifri-* huek C u > mh e 7f wether lambs. S.is. buck lambs $1 below Quotations: stdTs2*so down lUm - SSso ®™; | By United Press EAST ST. LOUIS. 111.. June 11—Hoes— Receipts. 6.000: market active at 15<f?25c advance over Wednesday; top. $6.85; most L<o-250 lbs.. $6.75®6.85; a few 270-236 lbs.. S6. .0: 100-140 lbs.. 56.35316.6 - sows largely ,5 15®5.40. Cattle-Receipts 2.: 500; calves, receipts 1.C00: market, native steers slow; Texas grass steers and othei Classes steady: some Texas srassers. $5.75toD mixed yearlings and heifers in small lots. S<®B; cows. $4.25®4.75; scn. $5.50 low cutters. $2.2503.50; medium bulls $4 down: vealers. 58.25. Sheep—Receipts. 2 5-0; marset. slow: few lambs early, to butchers, steady at 88.50: Indication steady on other good lambs; hid fling 50c lower oh culls.

THE INDIANAPOLIS TIMES

PORKER PRICES RISE 30 CENTS AT CITYYARDS Cattle Steady and Strong; Sheep Hold Firm on Advance. June Bulk Early Tod Receipts 4. $6.10% 6.35 $6.35 6.000 &. 6 25# 6 45 G .45 5.500 6. 6.25 ® 6.45 6.45 5,000 8 6.25® 6.45 6.80 5.000 9 6.25® 6.55 6.55 7,000 10. 6.25® 6.65 6.65 3.500 U. 6.65® 6.85 6 85 4,000 Light receipts here and in other livestock markets throughout the country added a strong tone to hog quotations this morning at the city yards. Porkers advanced 20 to 30 cents with all classes showing ft rise. The bulk, 140 to 300 pounds, sold for $6.65 to $6.85; early top $6.85. Receipts were estimated at 4,000; holdovers were 118. In the cattle market steers were strong to higher with she stock showing little change. Receipts w*ere 500. Vealers held unchanged at $8 down. Calf receipts numbered 700. Sheep and lambs were strong to 50 cents up, the bulk selling at $8 to $9. Early top was $9.50. Receipts were 1,200. Chicago hog receipts were 19,000, including 4,000 directs. Holdovers, 3,000. Demand active, few early sales and bids around 10 to 15 cents higher than Wednesday’s average. Good to choice hogs weighing 200 to 240 pounds sold at $6.60 to $6.70. Best held to $6.65 and above. Choice of 250 to 280pounders sold at $6.45 to $6.60. Cattle receipts were 5,000; calves, 3,000, and strong. Sheep receipts were 13,000 and steady. HOGS Receipts. 4.000; market, higher. —Light Lights—-(l4o-160) Good and choice. ..$ 6.75 —Light Weights—-(l6o-180) Good and choice... 6.85 (180-200) Good and choice... 6.85 —Medium Weights—-(2oo-220) Good and choice... 6.85 1220-250) Medium and g00d... 6.80® 6.85 —Heavy Weights—-(2so-290) Medium and g00d... 6.65® 6.75 (290-350) Medium and g00d... 6.45® 6.65 i Packing Sows — (275-500) Medium and g00d... 4.50® 5.50 (110-120) Slaughter nigs 6.50® 6.65 CATTLE (Slaughter Class) Receipts, 500; market, steady. —Steers— Good and choice $ 7.00® 8.50 Common and medium 5.50® 7.00 (1.100-1,500) Good and choice 6.75® 8.2a Medium 5.75® 6.75 —Heifers—-(soo-850) Good and choice 6.50® 8.25 Common and medium 5.00® 6.60 Good and choice 4.50® 5.50 Common and medium 3.50® 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.. 2.20@ 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® 5.00 —Calves—-(2so-300) Good and medium 5.00® I-95 Common and medium 3.00® 5.00 STOCKERS AND FEEDER STEERS Good and choice 5.50© 7.50 Common and medium 4.00® 0.50 (800-1.500) „^ Good and choice 5.70® ..50 Common and medium 4.00® 5.(5 SHEEP AND LAMBS Receipts. 1,200; market, higher. 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 11. —Hogs—Receipts. 19,000. including 4,000 direct: active. 15® 25c higher than Wednesday’s average; bulk. 150-250 lbs.. $G.65®6.75: few, $6.80; top. $6.85; 260-350 lbs.. [email protected]; 140-170 lbs.. $6.40®6.65; pigs, [email protected]: packing sows. $5.10#5.70; light lights. 140-160 lbs., good and choice. $6.35®6.65; lightweights. 160-200 lbs., good and choice. $6.50®6.80: medium weights. 200-250 lbs., good and choice. $6.65®6.85; heavyweights. 250-350 lb?., good and choice, [email protected]; packing sows. 275-500 lbs., medium and good. [email protected]: slaughter pigs. 100-130 lbs., good and choice. $6.15®6.60. Cattle —Receipts, 5,000; calves. 3.000: active on all killing classes: stiong to mostly 15®25c higher; long yearlings topped at SB.BO and weighty beeves. $8.50; desirable light vealers firm, but weighty offerings 25c lower; bulls strong; slaughter cattle and vealers: Steers 600-900 lbs., good and choice. $7.75 @9: 900-1,100 lbs., good and choice. $7.50 ®9: 1.100-1.300 lbs., good and choice, $7.25®8.90; 1.300-1.500 lbs.. good ana choice, $6.75®8.60; 600-1,300 lbs., common and medium. $5.75®7.25: heifers. 550-850 lbs., good and choice. [email protected]: common and medium. 55.25®7.25; cows, good and choice. $4.75®6.25; common and medium. [email protected]; low cutter and cutter cows. $2.50®3.75; bulls, vearlings excluded, good and choice, beef. $4®4.50; cutter to medium. $3.50®4.40; vealers, milk fed. good and choice, $8®9.30; medium. $6.50 @8: cull and common. $506.50; stocker and feeder cattle: Steers. 500-1,030 lbs.. good and choice. $6®7.50: common and medium, ss@6. Sheen—Receipts. 13.000; better grade lambs strong to 25c higher; other grades and classes weak to lower; strictly choice Idaho lambs. 950; native mostly. $8.25®9: good and choice vearlings, $6.50; slaughter sheep and lambs: Lambs. 99 lbs. down, good and choice. $8.25®9.50: medium. $6.75® 8.25; all weights, common. 35®6.75: ewes. 90-150 lbs., medium to choice. $1.25®2.50: all weights, cull and common. [email protected]. By United Press FT. WAYNE. June 11.—Hogs—Market. 25c higher; 100-160 lbs.. $8.40; 160-180 lbs.. $6.55; 180-200 lbs.. $6.65; 2GO-230 lbs.. $6.55; 230-260 lbs.. $6.45; 260-300 lbs.. $6.35; 300-350 lbs, $6.25; roughs. $4.75; stags. S3; calves. 8: lambs. 8.50. By Times Special LOUISVILLE. Kv.. June ll.—Hogs—Receipts. 500: market 15c higher: 225 lbs. up. $6.10: 165-225 lbs.. $6.63; 130-165 lbs.. $6: 130 lbs. down, 55.35; roughs, $3.60® 4.60; stags. $2.85. Cattle—Receipts. lOO; market, active. steady: prime heavy steers. s6®7; heavy shipping steers. $5.50 ®5 medium and plain steers. [email protected]: fat heifers. SS®7.SO; common to medium heifers. $4(36; good to choice cows. $3.50 ®4.50; medium to good cows. $2.75®3.50; cutters. $2.25®2.75; canners. $1.25®2.25: bulls. $3®4.25; feeders. s6®7: Stockers, 54.50®6.75. Calves—Receipts. 300; market steady: good to choice. 56®6.50; fancy. $7; outs, $5 down. Sheep—Receipts. 2.200; market prospects steady. Wednesday’s shipments: Cattle. 27; calves. 105; hogs, none: sheep, 1.669. By United Press EAST BUFFALO. June 11.—Hogs on sale 1.100, active to dull interests; 5c to mostly 15c higher, bulk desirable 130-250 Ibf., $7.75; mixed lots $7.15. Cattle—Receipts. 200: cows.i predominate, strong to slightly higher; cutter grades $2®3.60; medium, $7.50. Calves —Receipts, 250; vealers fully r.t’cdy. good to choice, $8.50@9; common and medium. $6®7.50. Sheep—Receipts. 600; lambs, strong to 25c higher; choice Kentucky ewe and wether lambs, 5i0.60; others, S9.80®10; throwouts. [email protected]; weighty ewes, $2. By United Press PITTSBURGH. June 11.—Hoes—Receipts. 750; market mostly 25c higher; 160-210 lhs.. $7.15®7.25- 220-250 lbs.. $6.75® 7 : 260320, lbs , $6.40776.65; packing sows steadv to strong; good grads mostly $5. Cattle receipts. 25: market nominally steady. Calves—Receipts. 150; market, steadv; choice vealers, $8.50; medium to good ss.so (£7.50. Sheep—Receipts. 300: lambs, steady, yearlings and aged stock, slow: good to choice grade lambs, s3©9. By United Press . CLEVELAND. June 11.—Hogs—Receipts. 1.600; holdover, none; active, 25340 c higher: 140-230 lb. sorts. 57.15; carrving wider weight mixtures. $7®7.10; few 240-250 lbs., $6.85; heavier weights. $6.60 down, with medium 290-300 lb. kinds at $6.2c; rough rows and stags steady; pies $6.75. CattleReceipts. 300; active ana arm on increased steer offerings: common to good kinds. s6®B: bulk, $6.5027.50; fat cows, $4.50 *7.5.25, also getting action; but cutter grades downward to $3 and under; barely steady, sausage bulls strong; mostly $43 5. Calves—Receipts. 500; vealers steadv to weak; spots 50c lower; bulk. $9 down: heavies mostly |[email protected]. few $8: culls downward to $6.50 and under. SheepReceipts. 800; dull: lambs. 25®50c lowew common to good kinds. s6®9. according to vuaiity; Quoting best around $9.50 except for dry fed vearlings with weight; denar.d for yearlings and aged sheep Harrow; trade catchy” and uneven. By United Press TOLEDO. June 11.—Hogs—Receipts. 200; marcet. 15®25c higher: heavies. $6®6.25mediums. $6.50#6.60. Yorkers, $6.5026.60; pigs. $6.50® 6.70. Cattle—Receipts, light; market, active, steady. Calves—Receipts, tight; market, strong. Bheep—Receipts, light; market, steady. .

BELIEVE IT or NOT

•- The man ttuHtoMf luritnt &rd,Wellmglon,Tex^s. T ~~2i-- IXW.HAZ£K,c4Pbri)a>d,OrA WEARS No OTHER HAT • mx. King Feature* indicate. lee. Great Britain rights resem*

Bright Spots of Business

German unemployment decreased during May. Glidden Cos., retail paint sales up 15 per cent in May. McClintic Marshall Construction Cos., gets $25,000 steel contract. New York Central railroad declares regular $1.50 quarterly dividend. St. Louis-San Francisco railroad loadings up in week ended June 6. Lone Star Gas Corp. May surplus estimated over May, 1930. BAKER NOT PROSECUTOR Former War Chief Denies He’s Sought in Rubio Killing Case. SPRINGFIELD, 111., June 11.— Newton D. Baker, famous Cleveland lawyer and secretary of war under President Wilson, said today that he has not been asked to prosecute Deputies Wililam Guess and Cecil Crosby, who are accused of murdering two Mexican youths. “Nor will I volunteer to prosecute them,” Baker said. CAPITAL LID ON TIGHT Washington’s Tenderloin Virtually Void of Bookies, Speakies. By United Press WASHINGTON, June 11.—Police have been successful in closing virtually every gambling resort, bookmaking establishment and speakeasy in the notorious First precinct, a survey today showed. Two weeks ago four detectives set out “looking for a couple of fellows.” By this ruse they gained admittance to suspected places, where they conducted raids without warrants. Many men have been held, the places closed and the warrantless raids upheld in court. LINDY TO TEST PLANE Final Touches Being Put on Craft for Trans-Pacific Flight. By United Press NEW YORK, June 11.—Colonel Charles A. Lindbergh will have another test flight in his pontoonfitted Lockheed monoplane within the next few days, it was said at the Edo Aircraft Corporation today. Colonel Lindbergh is planning an air tour to China and Japan in the near future. Lindbergh is sending mechanics to Long Island to change the starter cn his ship from a hand to an electric starter. Hundreds of school children have visited the Edo plant in the last few days to see the Lindbergh plane. Deaths Kate Brown. 55. 549 North Jefferson, myocarditis. August Lombardo. 21. St. Vincent’s hospital, acute parenchymatous npphritis. Charles Cravens. 63. 2817 Robson, arterloscmlerosis. Theodore Ronald Mahoney 5 months. 631 Udell, broncho pneumonia. Joseph Lee Hanson, 47 1820 East Tenth, chronic encephalitis. Jacob F. Schafer. 41. 1934 Hoyt, pulmonary tuberculosis. Myrtle Maxine Calloway. 4 months, city hospital, broncho pneumonia. Frank White Morrison. 77, 1247 North New Jersey, arteriosclerosis. John B. Weaver, 55. 1416 West Pruitt, mitral insufficiency. Infant Tyler. 4 hours, city hospital, atelectasis. Edward J. Kriech. 3 months, 1634 South Delaware, broncho pneumonia. Births Girl# Adolph and Elsie Riesenbeck. 417 East Twenty-fourth. Ben and In a McGilliard. 1725 Ingram. Arthur and Madge Alchorn. Methodist hospital. Leo and Naomi Burnett. Methodist hospital. Clair and Helen Goiay. Methodist hospital. Donald and Dorothy McClintic. 1308 Polk Boys Verdie and Mabel Alien. 1835 New. Charles and Margarite Coffin. Methodist hospital. Frank and Edna McClung, Methodist hospital. Raymond and Velma Estevenson. 3428 Keystone. Twin# Vyrrell and Monta "Bryant. Methodist hospital, girls.

1 B “ y i Standard Oil I Newton i Todd

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

Following is the explanation of Ripley’s “Believe It or Not,” which appeared in Wednesday's Times: Daniel McCartney, Mental Marvel—During his lifetime, Mr. McCartney performed numerous as- • founding mental feats, such as increasing eighty-nine to the sixth power in ten minutes, quoting Bib’e references, and various acc' hments of memory. He could remember everything he had to eat each day, and the kind of weather every day of his life since childhood. A story of McCartney’s unique ability is contained in the Cleveland Leader og April 19, 1871, and verified by his grandson, D. W. Cass of 1087 West Eleventh street, Cleveland. Friday—“ The Father of Fortyeight Violinists.”

New York Curb Market

(By Thomson & McKinnon) —June 11— 11:301 11:30 Am Com Put... HViiHudson Bay ... 3% Am Gas & E 1... 57>/allnt Super 21)4 Ark Gas 3’'siMidweat Ut ... 15 3 /8 Brazil Pw & Lt 15 7 8 iNia Hud Pwr ... 11 Can Marc 2Vi:Niles 13 Cities Service.. HVilShenandoah .... 5 3 /i Cord 8 7/ s!Std of Ind 5 3 / Crocker & Wh 8 3 /4;Std of Ind .... 24Va Elec Bond Sh.. 35 3 /4|Std of Ky 18V4 Ford of Eng... ll 3 s|Un Gas new ... 6V4 Fox Theater ... 3)4 Un Lt & Pwr... 20 Goldman Sachs 5Vi!Un Verde 6)4 Gulf Oil 49 jut Power 7Vi SEES LIBERTIES FADING house or place of “business." He Lieutenant Three Times By United Press WASHINGTON, June 11.—William J. Cooper, United States commissioner of education, believes this country is in danger of losing its constitutional guarantees of liberty through unwise constitutional amendments and sumptuary laws growing out of the war spirit. Addressing the graduating class of George Washington university last night, he specifically attacked the seventeenth and eighteenth amendments as jeopardizing freedom. The first, he said, makes it difficult for an independent thinker of moderate means to gain a seat in the second. The second, through delegation of police power to the federal government, deprived states of their traditional rights. ! FIND ROCKEFELLER KIN 19-Year-Old Niece of Oil Magnate at Home of School Chum. By United Press LYNNFIELD, Mass., June 11.— After she had been reported missing Wednesday night, Miss Ruth Aidrich, 19-year-old niece of John D. Rockefeler Jr., was found today, safe and sound, at the home of a school chum here. Her father, Edward B. Aldrich of Warwick, R. 1., cams here for her later and she left with him. Aldrich said the report of her disappearance was due to a misunderstanding. REAL SILK TRADE GOOD “Holding Up Remarkably,” Is Statement of Hoosier Mill Head. Operating at 80 per cent of capacity, Real Silk Hosiery Mills, Inc., is experiencing a “remarkable business,” Jack Goodman, chairman of the board of the directors, declared today. “ITie plant is and has been working at 80 per cent capacity 7,” Goodman stated. “The company is operating on a steady level. Business is holding up remarkably.” DENIES INDUSTRY AID Overproduction Not Government’s Problem, Says Commerce Head. By United Press WASHINGTON, June 11.—Secretary of Commerce Lamont declared today there is no “easy solution" of present overproduction, and that this problem must be met by industry itself, as far as possible, without government aid.

I~c XT Rtttered O. 8. U V Talent Office RIPLEY

Dow-Jones Summary

Bank of England made no change in its rediscount rate at 2Vi per cent. Chicago & Alton May deficit after charges $208,197. against $535,159 in May, 1930. Five months' deficit $1,692,416, against $1,846,904. Few York cables opened in London at 4.86 15-32, against 4.86 17-32; Paris checks, 124.23; Amsterdam. 12.09; Italy. 92.925; Berlin. 20.50; Madrid. 48.05. Canadian Pacific first week June gross $2,939,000. a dcrease of $790,000 from like week in 1930. Jan. 1 to June 1 gross $60,990,000. a decrease of $11,952,000. F. W. Woolworth Company to receive $27,000,000 in cash and new st-ock valued at about $77,000,000 as its share in recapitalization of British Woolworth. East Texas crude oil sold Wednesday as low as 12 cents a barrel. Two cargoes gasoline from France sold at 3 3 /4 cents a gallon aboard tank steamers at gulf with three more cargoes offered at 3% cents, anew low price. Bank of France statement as of June 5. shows gold 55,933.000.000 francs against 55.634,000.000 on May 29. Circulation 77,803,000.000 against 135,000.000. and ratio 56.02 per cent against *5.2 per cent. Diamond Shoe Corporation declared a quarterly dividend of 37 Vi cents on common stock, placing issue on $1.50 annual basis against $2 previously. Dividend payable July 1 of record June 19. May crude oil deliveries of eleven pipe line companies representing Standard Oil group totaled 11.937.161 barrels. Month •ago 10,868.934. Year ago 16.179.206. General Motors common and preferred stockholders :n second quarter totaled 286.655 against 286.378 .n first quarter and 2*3.423 in second quarter of 1930. Guardian Detroit Union Group. Inc. declared a regular quarterly dividend of 50 cents, payable July 1 of record June 22. Devoe & Reynolds declared quarterly dividends of lo cents each on class A anil B common stock, placing issues on 60cent annual basis, against $1.20 previously. Both nividends payable July 1 of record June 20. Department store sales in May were 6 per cent less than April, according to federal reserve board. London bar silver 12%d. up l-16d; forward, 12Ud. up l-l&d; gold bars, 84s Iliad, unchanged. ARM FOR STRIKE CRISIS War Veterans Made Deputies to Aid Ohio Officers. By United Press STEUBENVILLE, 0., June 11.— Fifty World war veterans were sworn in as special deputies, furnished guns, uniforms and tear gas today as fears of violence increased in the strike of coal miners in the eastern Ohio fields. Belmont county commissioners appropriated $25,000 today to augment the staff of county officers patrolling the district to cope with feared emergencies. The first incident of violence was reported in the bombing of a miner’s home. MAYORS, COSTE GUESTS U. S. Officials, Famous Flier Are Entertained in Paris. By United Press PARIS, June 11.—The American mayors were guests today at a luncheon given by the government tourist bureau. Dieudonne Coste, the famous flier, was a fellow guest. Mayor T. S. Walmsley of New Orleans spoke. After the luncheon, one group of mayors visited the chamber of deputies and another the American hospital as guests of General John J. Pershing. Amelia Flies Eastward* By United Press El PASO, Tex., June 11—Amelia Earhart continued today her crosscountry tour in an autogiro, taking off from the municipal airport. She will refuel at Pecos, Tex., and hopes to make Oklahoma City for an overnight stop.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board oi Trade New fork Curb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501

PAGE 15

LIGHT RUINS IN CANADA LOWER! WHEAT PRICES i t Buyers Hesitate on Lack of Definite News From North. BY HAROLD S. BAIXTTLLE United Press Staff Correspondent CHICAGO, June 11.—More rains in Canada and weak cables gave wheat fractional recession as the Board of Trade opened today. While the beneficial aspects of the Canadian precipitation remain unknown and uncertain, buyers hesitated to make commitments and scattered selling depresses the market easily. The favorable Canadian weather weakened Liverpool. Com easect with wheat and oats trailed the other cereals. At the opening wheat was to 4 cent lower, corn was \a to *s cent down and oats were 1$ to U cent off. Provisions were firm on the strength in hogs. Rains Are Faint Liverpool was about as expected today, declining l*i to 1% cents by mid-afternoon.. Alberta again got fair rams, but little moisture fell in Sackatchewan and Manitoba, the areas most urgently needing precipitation. It is a matter of debate as to whether bears would press the selling side of wheat, should Canadian rains be as beneficial as hoped for Wednesday, in view of the bullish elements of the situation. A short crop of spring wheat in Canada and the United States would do much to offset the large surpluses in North America and a wet harvest in the winter wheat section is not impossible. Europe Is pretty well cleaned up and haa little reserve wheat. Corn Demand Improves The shipping demand for corn improves materially, but interest in futures still Is light. A good crop is forecast with conditions favorable and an increased movement is looked for. Hedging already is being felt in oats and furnishes a large part of the activity in that pit. although cash interests continue to buy from time to time to fill needp.

Chicago Grain Table —June 11— WHEAT— Prey, _ , Hlffh. Low. 11:00. close ;J ul V 57% .57 .571* .57*4 Seot .5714 .56% .57% .87% CORN-'” 4 - 60 '* * 60 ’* July .55*4 .55% .55% 55% Sept 52 .51% .52 .52% OATS-i 45,4 45,i - 45 ’* J'llV ........ .26% .26 .26% .26% D 29 £ u *y .36% Sept 38 .37% .38 .38’4 LARDII 41 • 40T * 41 •* J ul V 802 7.95 SePt . 8.17 810 8.17 8.05 Oct ..... 8.13 802 By Times Special CHICAGO. June 11—Carlots: Wheat, 3a. corn. <1; oats. 18: rye. 1. and barley. 7, ALUMNI SESSION SET Program Arranged sor Annual Manual Grads’ Meeting. Nominating and program committees of the Manual Training High School Alumni Association have plans in readiness for the annual meeting Friday at the school. A program will precede the customary dancing which will be in the gymnasium. Refreshments will be served in the lunchroom. Official ballot drawn up by the nominating committee are: For president. Arthur Strauss, ’O2; vicepresident, Joe R. Beckett, TO; Mrs. Edna Clippinger Barnes. ’96: secretary, Mrs. Anna J. Schaefer, ’96. and treasurer, E. H. Kemper McComb, (ex-officio). ENDIfIARINE RECRUITING Suspension Temporary In Order That Corps May Be Reduced. WASHINGTON, June 11. —The marine corps has ordered a temporary suspension of new enlistments in order to restore the corps to its usual size. Naval officials said that at present, the corps is about 1,000 men over the usual 1 to 5 ratio of marines to sailors. The reduction will be gradual, re-enlistments being ac* cepted, but men applying for first service being rejected until the corps has resumed its average strength. FUND ORDINANCE. READY $60,009 to Be Sought of Council for Three New Fire Stations. Ordinance providing $60,000 for erection of three new fire stations will be introduced Monday night at the special meeting of the city council. Another ordinance providing for a $60,000 bond issue for the works board to meet water and light extensions costs, also is due for introduction. 297 "CADETS GRADUATED By United Press WEST POINT. N. Y.. June 11Two hundred ninety-seven cadet* were graduated from the United States military academy today. Frederick H. Payne, assistant secretary of War, delivered the diplomas and made the principal address to the class. Cadet Kenneth A. McCrimmon, South Haven, Mich., was the honor man. We Buy and Sell Real Estate Preferred Stocks and Bonds ZAISER & ZAISER 1 703 Fletcher American Building' 129 E. Market St.