Indianapolis Times, Volume 43, Number 48, Indianapolis, Marion County, 6 July 1931 — Page 10

PAGE 10

STOCK SHARES HOLD NARROW : TRADING RANGE Definite News Awaited on War Debt Settlement; Case Weakens.

Average Stock Prices

Averse* of thirty industrial* for Friday was 155,26. up 378 Average of twenty rails was 86.13, up 1 11. Average of twenty Utilities was 63 24. up 1.43. Average of forty bonds was 85.78 up .32. BY elmerTcT walzer. United Press Financial Editor NEW YORK, July B.—With traders waiting definite results from the Franco-American war debt negotiations at Paris, stocks prices moved in an uncertain manner through the early trading today. The list opened substantially lower. Selling soon dried up, however, and the market moved within a narrow range around the opening levels through the morning trading. Dealings were restricted and extreme dullness prevailed. Move Up at Noon Toward noon, prices moved up fractionally from their early lows, but the trading was too quiet to Indicate any change in the mixed trading. Most of the business originated on the floor of the exchange itself and the public continued on the side lines. , With most of the leaders moving narrowly, most of the interest centered on the movements in a few individual issues. Some apprehension was aroused by further weakness in National Biscuit which fell more than 2 points to anew low for the present shares at 58%. This issue which long has been considered one of the leading blue chip stocks on the Exchange suffered from liquidation induced by fears that second quarter profits failed to cover common dividend requirements of $1.40 a share. Case Is Weak Spot Another weak spot was J. I. Case, which fell several points on suspension of pool activity. Chrysler, on the other hand, moved fractionally higher after an initial 1-point decline on continued strong pool sponsorship arising out of the company’s announcement of its new Plymouth model this morning. Other motors were steady, with Auburn recovering nearly all of its early 6. point decline before the end of the second hour of trading. Leaders like Steel, Westinghouse Electric, American Can and General Electric held losses of a fraction to several points, while interest in various groups like coppers, utilities and oils dwindled.

Bank Clearings

INDIANAPOLIS STATEMENT —July 6 Ciearings $4,083,000.00 Debits 8.279.000.00 CHICAGO STATEMENT —July 6 Clearlnes $74,000,000.00 Balances 4.600.000.00 TREASURY STATEMENT —July 6 Net balance for July 2 *457.479.971.78 Expenditures 15,100.542 49 Customs rects. month to date 1.773,813.66

New York Curb Market

(By Thomson & McKinnon) —July 6 11:30 11:30. Alum Cos of Am. 141 Nat Investors .. 4% Am Cynamid ... 8% Nat Fam Stores 4% Am Gas A Elec. 70 Newmont Min .. 34 Am Sup Pwr ... 12% Nla Hud Pwr 11V* Ark Gas A 4% Penroad 6% Ass Gas & El A 14% Salt Creek 5% Braz Pwr & Lt.. 22%5el Indus 3% Can Marc 3 Shenandoah .... 5% Cent Sts Elec... 8 So Union Gas .. 8% Cities Serv .... 12% Std of Ind 27% Cord 9% Stutz 15% Deere &Cos ... 28 Trans Air Trans 6% Elec Bnd Sh... 43% Un Gas 7% Ford of Eng ... 13% Un Lt A Pwr A 22% Hudson Bay ... 5 lUn Verde 13 Imp Oil of Can 12%!Ut & Indus ... 6% Midwest Ut ... 17% Ut Pwr 8 9% Mo Kan Pipe .. s%iVacuum Oil 42%

New York Bank Stocks

(By Thomson Sz McKinnon) —July 3 Bid. Ask. America 45 48 Bankers 94% 97% Brooklyn Trust 435 445 Central Hanover 229 234 Chase National 77% 80% Chatham Phoenix Natl... 65 68 Chemical 47Va 49% City National 88% 91% Corn Exchange 101 105 Commercial 250 260 Continental 21 24 Empire 48 51 First National 3.540 3.740 Guaranty 463 468 Irving 33% 35% Manhattan & Cos 77% 80% Manufacturers 46% 48'/4 New York Trust 147 152 Public 51% 54% Chicago Stocks Opening (By James T. Hamill <Ss Cos.) —July 6 Openi Open. Bendlx Avia ... 20% Insu 11 6’s ’40... 88 s s Borg Warner .. 30% Lib McNeil prod 10 1 Central 111 .... 20 IMo Kan Pipe L 5% Cent So West.. 17 i Middle West .. 18% Cord Corp .... 9 NatT Fam Str.s 4% Cent Chi com... 5% NAm P Jk L.. 68% Cont Chi pfd... S5 Nob Sparks 44 comm Edison .209%Sbd Utilities.... 3% Chgo Sec 16 Swift fz Cos .... 26% Grigsby Grunow 3% Swift Inti 35 Ot Lks Arcft... 4% US Bad * Tel.. 24% Insull Com 32%r.Valgreen Strs.. 19

Local Wagon Wheat

City craln elevators are paying 45c for No. i red wheat and 42c for No. 1 hard wheat. CALCULATOR INVENTED New Device Turns Problem Into Light, Analyses Beam. By United Press CAMBRIDGE, Mass., June 6.—A glorified “adding machine,” which transforms a complicated mathematical problem into a beam of light and analyzes the light to find the answer, has been developed at Massachusetts Institute of Technology. This newest of lightning calculators, it was announced today, is known as the photo-electric lntegraph and is the product of several years’ work by Dr. Truman S. Gray of the department of electrical engineering. PICKLES IN A PICKLE Virgil Sues Elizabeth; He Just Didn’t Relish Her. By United Press KNOXVILLE, Tenn., July 6 Virgil Pickle and Elizabeth Pickle appeared In domestic relations court and the result was a pretty pickle. Both Pickles got in a jam and Virgil filed suit for divorce against Elizabeth. It appeared that Virgil feteus m smm mie.

New York Stocks ■ -■ (Bv Thomson A McKinnoni ———————

—July 5Railroad*— ~ ? T AZ’ High. Low. 11:30 close. Atchison 1™ j Atl Coast Line... ... ••• l^,, Balt A Ohio 62Va 61% 61% , Chesa it 0hi0... 37’% 3i% 37% 38* CVhesa Ooro 41 41 Chi Ort West.. 6% % 6% 7% Chi N West ... J*, C R I & P <5 *V /2 Del L & W Del A Hudson Great Northern 31% |2 Illinois Central jjo Mo Pacific „ ••• 23% Mo Pacific Dfd. 73% 73 73 .2 N Y Central.... 93% 82V* 82V 94 ! Nickel Plate <§,. IN Y N H & H .. ... Nor Pacific 44 43 V 43% 45 IO A W 12 11% 11% 12% Pennsylvania .. 48% 49% 48% 48-4 Reading " J s , Seaboard Air L.. ... 4 So Pacific 84% 84 84 Southern Ry 38% 39 36,* 3i * at Paul ... o St Paul dm'.'. io% 9% 944 10% Sr. L dr S F 21 21 Union Pacific * Wabash If,, W Maryland 13 * Eauioments — Am Ctr A 21V ! Am Locomotive I Am Steel Fd 18 % ■Am Air Brake S .. ... ••• 3 f;a i Gen Am Tank... 61% 61% 61% 6 * i General Elec.. 44% 44 44 s /. 44% I Gen Rv Signai ■ * [Lima Loco 25V. 25 r , i Pullman WerUngh Ar B ... 28% 26% Wcstlnarh Elec... 71% 70% 71% (3% Rubber*— Fisk .. ... % % Goodrich'.:::... n% i?% i?% i*% Goodyear . ... 41% 41 Vi 41* 42 * Kellv Snrefld 2% 2% U S Rubber 18 16 /* Auburn 187 194 l®?., Chrysler 33% 33% 33% 24^4 Gardner . '* Graham Paige.. .. , ... 3 4 General Motors 39% 38% 39% 39% Hudson 15% 15% 15% 15% Hudp 8% 8% 8% 8% Mack 32 V 33% Marmon ■ • Nash 30% 30 30 31^* Packard 8 7% i % Studebaker 19 18% 18% 20% Yellow Truck... 9% 9% 9% 9Vi Motor Access— Am Bosch • , ... . 16 Bendix Aviation 21 20% 20% 21% Borg Warner.... 20 9% 19% 20% Briggs 13% 13% 13% 14 s * Budd Wheel ••• 9% Eaton 18% 16% 16% 17% El Storage 55 Kouda 5% 5 * Snarks W 8% 8% Stewart Warner 12% Timke Roll 39% Mining— Am Metals .... 13% 13% 13% 13% Am Smelt 37% 37% 3i% 39% Anacoda Cop.. 29% 28% 28% 30 V Cal A Hecla 7% 7% Cerro de Pasco 21 Dome Mines 11% Freeport Texas 29 Granby Corp 15 15% Great Nor Ore 19% Howe Sound 22% Int Nickel 15% 15% 15% 16% Inspiration 8 8% Kennecott Cop... 21% 21 s /* 21% 22% Nev Cons 11% 11 s /* Texas Gul Sul... 36% 36 36% 37% U S Smelt 19% Oils— Amerada 20 s /* 20 20 20% Atl Refining 16% Barnsdall 8% 9 Houston 10% Indian Refining 10% Ohio Oil 10% 11 % Mex Sbd 15% 15% 15% 16% Mid Conti 9% 9% 9% 9% Phillips 8% 8% 8% 8% Pr Oil A Gas 10 s /* 10% Pure Oil 8% Richfield 1% Royal Dutch 33% Shell Un 7% 7% Simms Pt 8 Sinclair 11V4 11 11 11% Standard of Cal 38% 38 38 38% Stand of N J 39% Stand of N Y... 17% 17% 17% 17% Texas Cos 23% 24 Union Oil 18% Steels— Am Roll Mills.. 23% 23% 23% 23% Bethlehem .... 52% 51% 52 52% Biers A M 38 35 s /* 35% 37 s /, Colo Fuel 18 18% Cruc Steel 46% 47% Ludlum 12% Midland 21% Newton 12 12% Repub I A 5... 16% 15% 16 17 U S Steel 103% 103% 103% 105 Vanadium 35% 34% 35% 36% Tobaccos— Am Tob Anew 120 121 Am Tob B new 123% 123% 123% .25% General Clear 37 Lie A Myers B . . ... 77 77% Lorillard 19% 19 19% 19% Phil Morris • 11% Reynolds Tob 52% 53 Tob Pr A 11 , United Clg 5% Utilities— Abitibl ... 5 5 Adams Exp .... 16% 16 s /* 16% 17% Am For Pwr .... 37% 36% 36% 38% Am Pwr At Li.. 39% 39 s * 39% 40% AT&T 182% 181% 182% 183% Col Gas & E 1... 33% 33 5 /* 33% ... Com & Sou .... 9 8% 8% ... , El Pwr &LI 43 42% 42% 43V* Gen Gas A 5 5% Inti TANARUS& T 36% 36 35% 36% Natl Pwr & Li. 27% 27% 27% 28 No Amer Cos ... 71% 71 71 72% Pac Gas & El 48% 48% Pub Ser N J .. 84% 84% 84% 85% So Cal Edison.. 45% 45 45 44% Std G & El 69% United Corp ... 24% 24% 24 5 /* 25 Ut Pwr & LA.. 24% 24% 24% 24% West Union ....117% 117% 117 s /* 119% Shipping— Am Inti Corp ... 15% No Gm Lloyd 24 United Fruit 57 Foods— Am Sue 55 54 % 54% 55 V* Armour A .. ... 2% 2% Cal Pkg 36 Vi Can Dry 41% 42% Childs Cos 22 Vi Coca Cola 147 Cont Baking A... 15% 15 15% 15% Corn Prod 73 72% 73 74 Cuban Am Sug 5 Gen Foods 49 V* Grand Union 16% Hershev 96% Jewel Tea 29% 28% 29% 30% Nat Biscuit 60% 58V 59 61 Va Pillsbury 30 Purity Bak 32% Safeway St 55 55% Std Brands 18% 38% 18% 18% Drugs— Coty Inc 9% 8% 9% 9% Lambert Cos 70% 70 70 70 Lehn & Fink 27 Industrials— Am Radiator .... 13% 13% 13% 14% Bush Term 23 Certainteed 5% Gen Asphalt 25% Lehigh Port 11 s /* Otis Elev 40% Indus Chems— Allied Chem ....139% 139 129% 132 Com Solv 15% 14% 14% 15% Union Carb 54% U S Ind Alco ... 31% 31 % 31% 33% Retail Stores— Assoc Dry Gds * 22% 22% Kresge S S 27 27 Va May D Store... 36% 56% 36% 36% Mont Ward 21% 31% 21% 22V* Penny J C 34 % 34 Va Schulte Ret St 8% 3 Sears Roe 56 s * 57% Woolworth .... 71% 70% 71% 71% Amusements— Bruns Balke 10 ... Col Graph 11 10% 10% 10% Eastman Kod ..150 149 150 153%

Investment Trust Shares

(By Gibson & Bernard) PRICES ARE TO 12 NOON C. S. T. —July 3—■ Bid. Ask. Amer Found's Corp Com 3% 3% Am tk Gen Sec ‘'A” 13 ... Am Inv Trust Shares 4% 5% Basic Industry Shares 5% 5% Corporate Trust Shares 4% 5% Cumulative Trust Shares .... 6% 7% Diversified Trustee Sh “A”.... 15% ... First American Corp 7% 8% Fixed Trust Oil Sharps 3% ... Fixed Trust Shares *‘A” 13% ... Inv. Trust NY 6% 7% Leaders of Industry. Series “A'’ 7% ... Nation Wide Securities 6% 6% National Industry Shares .... 5% 5% N Am Trust Shares 4% 5% Sel Am Shares 4% 5% Shawmut Bank Inv Trust 7 9 Universal Trust Shares 5% 554 Super Corp of Am Tr S “A”... 6% 6% Fundamental Trust Shares “A" 6% 7% Fundamental Trust Shares <‘B'’ 7 7% U S Elec Light Sz Pwr ”A”.... 29 31

Net Changes

By United Press NEW YORK, July 3. —Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: American Can 114 American & For P0w.... 3814 2% American Telephone 183% 2%“!.. Atchison no 2% Auburn 190 7 Bethlehem Steel 5354 jsi *“ Chrysler 341’ Consolidated Gas 995, 2% Electric Power 43% 1% Fox Film A 21 1% "" General Electric 44% 1% . Genera! Motors 39% 1 International Nickel 16% % International Telephone 36% 2 Loew’s Inc 46% 1 McKeesport Tir. 86% 1 Montgomery Ward 22% % NaMonal Biscuit 61% . i% N Y Central A4% 1% ... North American 72% 1 Public Service 85% 1% ... Radio 21 % ... Radio Keith 15% % ... Sears Roebuck 57% % ... S'andard Oil of N J.. 39% % ... Standard Oil of N Y 17% % ... Union Carbide 54% 1% ... U S Steal 105 2% ... Wastteltbanaa 'Pactrta' ft% &JW

Fox Film A... 30% 19% 20% 21 Grigsby Gru.... 3% 3% 3% 3% Loews Inc 45% 45 45% 46% Parama Fam... 26% 26 26% 2"% Radio Corp 20% 20 20% 21 R-K-O 16V 15% 15% 16% Warner Bros 6% 6% 6% 8% Miscellaneous— City Ice AFu ... 31% 31% Congoleum 11% 11% Am Can 112% 111% 112% 114 Cont Can 53% 53 53 53% Curtiss Wr 3% 3% 3% 3% Gillette 8 R 22% 22 22 % 24% Real Silk 8% 8% iUn Arcft 30% 30 30% 30% Int Harv 47 46% 43% 48 TRADE RALLY IN U. S„ WORLD IS SHOWNJN JUNE Uptrend in Major Fields Reflects Optimism Business. BY RAY TUCKER WASHINGTON, July 6.—A slight Improvement in business conditions in the United States and throughout the world is registered in trade summary figures made public today by the department of commerce. The upward climb began in the middle of June, almost simultaneously with President Herbert Hoover’s proposal for a war debt holiday, and it has continued in many major fields. Reports to the department from its foreign representatives mention the proposed moratorium as an optimistic factor, and the rally of stocks in Wall Street has also been attributed to this development. Stocks Record Set The average price of representative stocks reached the highest level in the week ending June 27 since the second week in May, business failures were fewer than at any time since last November, wholesale prices continued their upward trend, prices of agricultural products increased for the second consecutive week, bond prices increased for the third consecutive week and cotton continued to command a better price. Non-agricultural products, however, remained at the same level of the preceding week. But some favorable indications were found in scattered industries and various sections of the country. The net operating income for May of the first sixty-six railroads to report shows a net increase in revenue of 7 per cent over May. Tourists Flock to West Early reports from the west indicate that the number of tourists may be the largest since early 1929. Leaf tobacco exports in May totaled 48,912,000 pounds, as against 28,823,000 in May, 1930. Industrial activity in New England, which has been especially hard hit by the depression, has increased steadily during the first five months of this year and is now only 15 per cent below normal, while the country is 25 per cent lower. Business activity in the San Francisco district was 7.7 per cent above the average for the same period from 1921 to 1930. Improved conditions and larger exports were reported from Argentina, Brazil, China, Costa Rica, Hawaii, Jamaica, Japan. All reports from abroad, however, made clear that the recovery is slight and spotty, but it has aroused hopes that the general world condition may be on the verge of steady improvement.

Indianapolis Stocks

—July 6 Bid, Ask. American Cent Life Ins C 0... 1,000 Belt R R & Yds Cos com 30 35 Belt RR & Yds Oo pfd 65.... 49Vi 55 Bobbs-Merrill Cos 20 Central Ind Pow Cos pfd 75... 72 Circle Theater Cc com 7s 100% ... Ciitzens Gas Cos com 10s .... 22 Citizens Gas Cos pfd s’s 96 101 Commonwealth Loan Cos pfd 7s 96'/2 97 Hook Drug com 9% ... Indiana Hotel Cos Claypool ...105 Ind Hotel Cos pfd 6s 100 Indpls Gas com 6s 56% 59 Indpls Pw & Lt Cos pfd 6%s 104 105 Indpls Pub Wei Ln Assn cm 8s 50 Indpls Wa Cos pfd 5s 100 Pub Servos Ind 7s 96 98 Pub Servos Ind 6s 87 Metro Loan Cos 8s 101 North Ind Pub Ser Cos pfd s'-is 94 96'/2 No Ind Pub Sv Cos pfd 6s ....102% 105 No Indiana Pub Cos 7s 111% ... E Rauh fc Sons Fert Cos pfd 6s 47 ... Shareholders Invest Cos 9% ... Ter Haute Tr tz Lt Cos pfd 6s 82 Union Title Cos com 3s 15 Van Camp Prod Cos Ist pfd 93 Van Camp Prod Cos 2d pfd 85. .. 93 Progress 18 Backstay Welt Cos com 1.3% 17 Ind Pipe Line Cos 12% ,14 Link Belt com 29 31 Lynch Glass Machine Cos com 19 20 NoUitt Sparks Industrials Ihc 42% 44Vi Perfect Circle Cos com 32 34 Real Silk Hosiery Mills Inc.. 7% 9% Standard Oil Cos (Indiana(.. 27% ... Ross Gear 1814 20 Natl Title 5% 6% J. D. Adams Manufacturing Cos 18% 20 BONDS , Bid. Ask. Belt R R & St Yds Cos 4s 92 Cent Ind Gas Cos 5s 99 Cent Ind Power Cos 6s 99% ... Citizens Gas Cos 5s 101 Citizens Street Railroad 5s 20Va 25% Home T. & Tof Ft Wayne 6s. 102*4 ... Ind Railwy & Light Cos 5s ... 93 Indpls Pow & Li Cos 5s 103% ... Indpls Gas Cos 5s 102% ... Indpls Street Rys 4s 12 Indpls Trac Terminal Cos 5s .. 42 Indpls Union Ry 5s 102 Indpls Water Cos 5%s ’54 104 105 Indpls Wat Cos Ist lien ref ss. 100 Indpls Water Cos 4%s 100 lOl'/a Indpls Water Wks Sec Cos 55.. 90 Interstate Pub Serv Cos 4‘4c... 99V4 ... Interstate Pub Ser Cos (B) SV4s. 105 ... Interstate 5s 99 ... No Ind Pub Serv Cos 103 ... Terre H T & L 5s 93 MISSIONARY IS FREED American, Captured Last April, Is Released by Chinese Bandits, By United Press Hankow, China, July 6.—Oscar Anderson, American missionary, captured by bandits at Kingmen on April 17, was released by them today. The bandits accepted medical supplies as ransom. Two women missionaries taken with Anderson were given freedom several days ago. FA IR~ BOARD TO ME ET Indiana Commission to Inspect Buildings in Chicago. Indiana’s Chicago world fair commission will meet in Chicago Wednesday and inspect the buildings now erected there for the fair in 1933, it was announced today by Secretary E. J. Barker. A. Murray Turner, Gary, chairman of the Indiana commisison and there are nine other commisisoners. HUNGARY TO GET LOAN Banks Co-Operate to Arrange Credit of $200,000,000. NEW YORK, July 6.—The federal reserve banks, the Bank of England, the Bank of France and the Bank for International Settlements are arranging *,6200,000,000 credit it wivs learned neral til MCARTt,

THE INDIANAPOLIS TIMES '.

SALES ORDERS FORCE FUTURE PRICESLOWER July Wheat Sets New Lows as Favorable Weather Hits Bert. BY HAROLD E. RAINVILLE Csited Press Stiff Correspondent CHICAGO, July 6. Scattered ! selling on an accumulation of over- ! the-week-end selling orders dropped \ wheat prices a fraction as the Board of Trade opened tbday. Liverpool was weak, but quiet, with demand insufficient to sustain the market. Rains in most sections of the northwest and west during the holiday had little effect. Com dropped sharply, losing a major fraction as sellers found support poor. Oats were easy with the major gains in a light trade. Situation Is Puzzle At the opening wheat was % to % cent lower, corn was % to % cent off and oats were unchanged to % cent down. Provisions were slow and steady. Liverpool was about as expected, Vi. cent to % cent lower by midafternoon. Between political leaders of the southwest trying to help the farmers get more money for their wheat and the farm board, conditions are somewhat of a puzzle. New’ efforts are being made to force the government agency to outline a more favorable program for the proposal of its 200,000,000 bushels of wheat. Rumors that large sales are being made to foreign interests are not given much credence by the trade. Conditions Favor Bulges While pit conditions favor bulges, hedging from the southwest is increasingly heavy. The fact that the market is holding so well is something of a surprise. Private crop estimates suggest a corn yield of around 3,000,000,000 bushels and in only five years has there been a crop so large. The hot weather forced growth, but also took much of the surplus moisture out of the ground and good rains are necessary. The weather was clear and cool, with scattered rains over the holiday. The high temperatures have damaged oats, but the belief is that there will be plenty for all requirements. Chicago Grain Range —July 6 WHEAT— Prev. Open. High. Low. Close. Close. July... ,55% .55% .55 .55% .55% Sept... .56% .56% .56 .56 .57 Dec 60% .61% .60% .60% .61% C ORN—■ July... .58% .59% .58% .59% .59 Sept... .54% .55 5 /* .54% .54% .55% Dec 48% 48% .48% .48% .49% OATS— July... .26% .27% .26% .27% ,57% Sept... .28 .28% .27% .27% .28% Dec -31% -41% -30% .30% .31% RYE— July... .35% .35% .35% .35% .36% Sept... .38% .33% .38% .38% .39 Dec... .43% .43% .42% .42% .43% LARD— July.. 8.00 8.12 7.97 8.12 800 Sept.. 8.05 8.20 8.05 8.17 8.07 Oct.., 8.07 8.17 8.05 8.15 8.10 Dec... 7.55 7.60 7.55 7.60 7.57 BELLIES— Juiy 8.30 8.30 Aug- 8.40 8.40 Sept 8.50 8.50 By Times Special CHICAGO. July 6. —Carlots: Wheat, 80; corn. 147; oats. 16; rye. 0. and barley. 3.

Produce Markets

T run)—Loss off delivered In Ihdlsnapolis, 12c; henery duality. No. 1. 14c: No. 2. 9c. Poultry (buying prices)—Hens weighing * lbs. or over. 16c: under 5 lbs.. 15c: Leghorn hens. 12c: 1930 broilers, full feathered 2 lbs. and up. 23c: under 2 lbs.. 20c; bareback. 12c; Leghorn broilers. 18c; ducks. 9c: old cocks. 8® 9c: ducks, full feathered, fat whites. 9c: geese. 6c. These prices are for No. 1 top Quality, auoted by Kingan cz Cos. 2 B 2 U s t ®2 r 6c <WholeSale)N °" 1 ‘ 27 ® 2Sc: No. Butterfat—24c. Cheese (wholesale selling price per pound)—American loaf. 22c: pimento loaf. 24c: Wisconsin firsts. 17Vic; Longhorns. 17V 2 c: . Longhorns. 17%e; New York 11mberger. 30c. By United Press NEW YORK, July 6.—Potatoes—Market, ?^ r^ S 2 uthe , rn - Si-25<22.25 barrel: Maine. [email protected] barrel: Canada. [email protected] barrel. Sweet potatoes—Steady; Jersey baskets, $2 @3.50. Flour—Market, quiet and easy; spring patents. $4.50® 4.60 barrel. PorkMarket. quiet; mess. 523 barrel. LardMarket. easy; middlewest spot. [email protected]. Market, steady: special to extra. 3%@3%e. Dressed poultry—Quiet; turkeys chickens. 23@38c: broilers. 25® 38c: fowls. 120.22 c; Long Islands ducks, 15® 18c. Live poultry—Market, steady; geese. 10® 12c; ducks. 13@21c; fowls. 17® 20c: turkeys. 12@25c: roosters. 12@13c; broilers. 20®34c. Cheese—Market, firm; state whole milk, fancy to special. 13 @ 23c; young America, 14'/2@l9*/2C. Births Girls Carl and Mabel Kisner, 1002 East Epler Ervin and Gladys Knartzer, 1905 East Pleasant Run boulevard. Harry and Esther Chrisman. 402 North Holmes. Harry and Kathryn Kohn, 1105 Relsher. Luther and Agnes Woodward, 1442 St Paul. Melvin and Ruby Lane, 2923 Massachusetts. Frank and Ruth Bennell. 1712 Sheldon. Mitchell and Lydia Armistead, 870 West Twenty-seventh. Vernon and Sarah Hart. 433 Kaufman Piece. William and Henrietta Murray, 807 South Warren. Boys Earl and Elizabeth Tucker, 726 Exeter. Enoch and Willie Dobbs. 242 South Temple. Luther and Florence Worland, 1320 Calhoun. Walter and Mary Smith, 4946 East Eighteenth. Dakota and Alta Rexroot, 809 Harrison. Frederick and Delema Lynch, 635 North Jefferson. Hilden and Lula Fuquay, 505 Coffey. Mike and Ruby Strangeff, 773 Ketcham. Roy and Katie Devine, 1940 Ralston. John and Ma/y Parnell, 1229 Oliver. Maurice and Ruth Crago, 950 East Georgia. Frank and Marie Jones. 812 Torbett. Deaths Margaret E. Currens, 89, 630 South East, cardio vascular renal disease Ellen Maloney. 73, 22 Lansing, chronic interstitial nephritis. Elizabeth Josephine Beck, 27, St. Vincent's hospital, naritonitis. Victoria Livengood, 25, Methodist hospital. acute peritonitis. Anna Vandegriff, 38, Long hospital, broncho pneumonia. Virgil lies. 25. 1232 West Eighteenth, pulmonary tuberculosis. Charlotte Boyd. 82. 3115 North Meridian, diabetes mellitus. Amy Chung. 16, 311 Ogden, peritoneal tuberculosis. Marie Lepere. 74. city hosiptal, chronic myocarditis. Benedict J. Schlanzer. 85, Methodist hospital, hypostatic pneumonia. Geneva McLain Antrim, 61, St. Vincent’s hospital, cholecystitis. Hazel Janett McCall, 24, Christian hospital. general peritonitis. Mary Margaret Kinney, 1. city hospital, cerebro spinalmenlngitis. Charles W. Fredricks, 70. Methodist hospital. heat prostration. Lorena J. Barnett, 77, 5912 Julian, cardio vascular renal disease. Hiram Marcum. 77, 721 Harrison, uremia. Effie E. Thomas. 47. 1129 North Tacoma, toxic encephalitis. Vinte Dozier. 65, 1415 Massachusetts, cerebral hemorrhage. Joseph Fisher, 71, 701 Kentucky, heat prostration. John Gant, 53. city hosiptal, heat prostration. Andrew Fahrbach, 73. 1221 Naomi, chronic myocarditis. Gertrude A. Stolte, 51, city hospital, diabetes mellitus. Lewis G. Stewart. 58. 1224 North Haugh. diabetes. Charles White, 50, city hosiptal. heat prostration. George Taylor. 56, 251 West Michigan, heat prostration. Emma White. 88. 826 North Illinois, chronic myocarditis. Geubftn Scarce, 75. city hospital, cerebral hemorrhage. Roscoe Horn, 49. Military Park, accidental. W. Smith aa. Hnnh lYn*ftf>

Dow-Jones Summary

Libbey-Owens-Ford Glass Company to Issue *9.000.000 5 per cent convertible notes to finance acouisltlon of National Plate Glass Company .subsidiary of General Motors. American Banking group, headed by International Acceptance Company, grants credit of *50.000.000 to gold , discount bank, subsidiary of Reichbenk. London erode rubber stoeks 871 tons last week to 38,170 ton*. Liverpool stoeks Increased 436 tons te 54,588 tons. California crude oil output in week ended July 4, averaged 510.145 barrels daily, a decrease of 8,200 daily from previous week, according to California Oil ■World. New York cables opened in London at 4.86 9-16; Paris, checks, 124,-27; Amsterdam. 12.092; Italy. 92.935: Berlin. 20.507. United Corporation reports for six months ended June 90. applicable to dividends of $9,278,517 after interest and expenses. Curtiss Airplane and Motor Company gets $443,235 navy contract for thirty observation planes. J. D. Adams Manufacturing Company declared a regular quarterly dividend of 30 cents, placing stock on $1.20 annual basis, against $2.40 previously. Dividend payable Aug. 1 of record July 15. Corn Exchange Bank and Trust Company statement as of June 80, Indicates earnings in first six months of 1931 before deducting $2,500,000. Set up out of undivided profits in Mareh of $1,197,629 equal to SI.OO a share on $150,000 shares outstanding. Loblaw Groceterias Company, tetd., year ended May 31. sales $17,010,191, against $18,435,087 In preceding fiscal year and profit before federal taxes $1,206,634. against $1,190,327. REJECT MINERS’ PLEA Demand for Free Food of Ohio Strikers Refused by Board. By United Press ST. CLAIRSVILLE, 0., July 6 Fifteen hundred striking coal miners, their wives and children presented demands today to the county commissioners for relief funds, free food, heat, light and other aid, throug ha committee of ten as the culmination of a march over the sun-baked Ohio roads. Commissioners flatly rejected the pleas and strike leaders immediately said a greatera mass meeting would be called shortly in an effort to win the strike and end the suffering which has afflicted the entire community. CONDUCTOR IS INJURED Kokomo Man Is Hurt in. Rail Mishap in City. Roy Maines, Kokomo, conductor on an inbound Indiana Railroad interurban, was in Indiana Christian hospital today with serious head injuries suffered when he leaned from the car at Sixty-third street and College avenue Sunday night, and hit a traffic signal in the street. National Guard Officers Shifted By Times Special COLUMBUS, Ind., July 6.—Captain Harry Lister has resigned as commander of Battery F, One hundred and fiftieth field artillery, one of two national guard units here, and First Lieutenant Sherman T. Sublette has been transferred from the motor transport unit to succeed him and as head of the armory board. Second Lieutenant Lowell Larkin was made commander of the One hundred and nineteenth motor transport to succeed Sublette. Although the changes were not mentioned in connection with a report of the state board of accounts that the armory records here were tangled, they are believed to have been a result of that situation. Captain Lister will retain his rank, but will be unassigned for the present. He has been connected with the Battery F for about ten years and saw service as a sergeant overseas. Sublett is also a World war veteran.

Students Will Meet By Times Special BLOOMINGTON, Ind., July 6. Indirna university summer term men students will meet Wednesday, July 15, in the annual round-up, according to an announcement by Professor H. B. Allman of the school of education. The event will be held on Jordan’field, with approximately 500 in attendance. Committee chairmen and F. R. Noffsinger, Bloomington, publicity; Archie T. Keene, Detroit, program; Earl W. Bookwalter, Bloomington, playground activity; C. Roy Williams, Bloomington, food, and R. G. Linville, Lafayette, ticket sales. Alleged Robbers Held ANDERSON, Ind., July 6.—Clifford Leighton and Clarence Biddle are in custody charged with holding up and robbing Arthur Lember, driver of an ice cream truck. Lember gave the bandits some small change when they demanded money, but they knew where he kept the bulk of the money and compelled him to produce it. Marion Doctor Chosen By Times Special MARION, Ind., July 6.—Appointment of Dr. Robert M Flinn, Marion, as assistant surgeon in the United States public health service, has been announced here. He will be stationed at the United States marine hospital, Cleveland. Firecracker Starts Flames By Times Special WHITING, Ind., July 6.—A firecracker is blamed for starting a fire which destroyed a New York Central railroad freight car and endangered the line’s freight office here. Oldest Resident Dies By Times Special GREENFIELD, Ind., July Francis M. Sanford, 94, Civil war veteran and Hancock county’s oldest resident is dead. He was the second white child born in Greenfield.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS jfew York Stock Exchange * Chicago Stock Exchange New York Cotton Exchange Chicago Beard of Trade New York Curb Aaaoeiatlo* Rooms 200-214 Circle Tower „ Telephone Lincoln SMI

PORKER PRICES DROP 10 GENTS AT CITYYARDS Slaughter Class Cattle Hold Steady; Quality Is Plain. Jun* Balk. Early Top. Receipt* 27. *7.00© 7.65 $7.65 1,500 29. 6.90 ® 7.60 7.55 5.500 30. 6.65® 7.35 7.35 7 000 July 1. 6.65© 7.35 7 3* 3 500 2- *• 80f 7.45 7.55 2.500 3. 7.00© 7.65 7.65 2.500 6. 6.90© 7.55 7.55 8.000 With hogs in good supply this; morning, prices declined 10 cents on most classes at the city yards. The bulk, 140 to 300 pounds, sold for $6.90 to $7.55; early top holding at $7.55. Receipts were estimated at 8,000; holdovers were 144. In the cattle market slaughter classes were slow and about steady with the quality plain. Receipts were 300. Vealers held steady at $7 down. Calf receipts numbered 400. Lambs were strong, with the bulk selling at $6.50 to $7.50. Early top reached $7.75. Sheep receipts were 700. Chicago hog receipts were 30,000, including 8,000 direct. Holdovers, 3,000. Market slow, with asking around steady with Friday’s best prices, while a few early bids held steady to 10 cents lower than the average. Good to choice hogs weighing 180 to 210 pounds were bid at $7.40; best kinds held at $7.60. Cattle receipts were 19,000. Calves, 2,000; market 25 cents lower. Sheep recepts, 18,000, and steady to 25 cents lower. HOGS Receipt*. 8,000: market, higher, —Light Lights—-(l4o-160) Good and choice....! 7.25© 7.35 —Light Weights—-(l6o-180) Good and choice... 7.55 (180-200) Good and choice 7.55 —Medium Weights—-(2oo-220) Good and choice.... 7.35© 7.45 (220-250) Medium and g00d... 7.15© 7.35 —Heavy Weights—-(2so-290) Medium and g00d... 6.90® 7,15 (290-350) Medium and good.. 6.65© 6.90 Pa Qftnj*r (275-500) Medium and good.. 4.00© 5.25 (100-130) Slaughter Dies 7.15® 7.25 CATTLE (Slaughter Claw) Receipts, 300: market, steady. —Steers— Good and choice $ 7.00© 8.50 Common and medium 5.00® 7.00 (1.100-1.500) Good and choice 6.75® 8.25 Medium 5.50® 6.75 —Heifers—-(soo-850) Good and choice 7.00® 8 25 Common and medium 4.50© 7.00 Good and choice 4.00® 5.00 Common and medium 3.00© 4.00 Low cutters* and cutters 1.50© 3.00 —Bulls (yearlings excluded) Good and choice beefs ...... 3.50© 4.25 Cutter, common and medium.. 2.00© 3.50 CALVES AND VEALERS Receipts. 400; market, steady. —Vealers— Good end choice ....*6,50® 7.00 Medium 4.50® 6.50 Cull and medium 3.00® 4.50 —Calves— Good and medium 4.50© 6.50 Common and medium 3.00@ 4.50 STOCKERS AND FEEDER STEERS Good and choice 5.00® 7-2£ Common and medium 3.75© 5.00 (800-1.500) . _ Good and choice 5.00® 7-22 Common and medium 3.75® 5.00 SHEEP AND LAMBS Receipts. 700; market, steady. Good and choice $ 6.00© 7.75 Common and medium 3.50t0 6.00 Ewes, medium and choice.... I.oo® 2.25 CuU and common 50® 1.00

Other Livestock By United Press CHICAGO. July 6—Hogs—Receipts. 30,000, Including 8,000 direct; slow, around steady with Friday’s average; bulk 170220 lbs.. $7.30®7.40: practical top. *7.45; few lots. [email protected]; 230-330-lb. weights. [email protected]; pigs, 25@50c lower at s6® 6.50: packing sows. $4.50@5: smooth sorts to $5.50: light lights: 140-160 lbs., good and choice. $6.50@7; lightweights, i6O-200 lbs., good and choice, $6.85@7 45: medium weights. 200-250 lbs., good and choice, $7 @7.45; heavyweights. 250-350 lbs., good and choice. [email protected]: packing sows. 275500 lbs., medium and good. $4.25@5; slaughter pigs. 100-130 lbs., good and choice, [email protected]. Cattle—Receipts ,19,000: calves. 2.000; largely fed steers and yearling run; light steers steady to 25c lower: weighty bullocks about 25c off; light heifers and mixed yearlings also tending lower: she stock scarce and mostly steady; bulls and vealers firmer; early top yearling steers. $8.50; heavies. $7.75; bulk fed steers and yearlings. [email protected]: slaughter cattle and vealers: Steers. 600-900 lbs., good and choice. [email protected]; 900-1,100 lbs., good and choice. s7® 8.75: 1.100-1.300 lbs.. Sood and choice. [email protected]: 1.300-1,500 >s.. good and choice. $6.50@8; 600-1.300 lbs., common and medium. ss@7; heifers. 550-850 lbs., good and choice, [email protected]; common and medium. $3.25®6.50: cows, good and choice. $3.75@5; common and medium, [email protected]: low cutter and cutter. $1.50@3: bulls, yfearllngs excluded, good and choice, beef. [email protected]; cutter to medium. [email protected]; vealers, milk fed. good and choice. s6@7; medium. ss® 6: cull and common. $3 @4.50; stocker and feeder cattle: Steers. 500-1.050 lbs., good and choice. $5.50@7; common and medium. [email protected]. Sheep—Receipts. 18.000; early market about steady: good and choice native lambs. [email protected] to packers: few $7.50 to yard traders: best rangers held above $7.00: choice yearlings. $5.50@ 5.75. Slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice. $6.85®7.75; medium. [email protected]: all weights, common. $3.75@5; ewes, 90-150 lbs., medium to choice. [email protected]; all weights, cull and common. [email protected]. By United Press EAST ST. LOUIS, HI., July 6.—Hogs— Receipts, 14,000; market, slow, steady to 10c lower; bulk 160-230 lbs., [email protected]; few small lots upward to $7.50; 240-255 lbs., [email protected]; 100-150 lbs.. 56.75®7.25; sows, $4 @5. Cattle—Receipts. 2,300; calves receipts. 1,500; early steer sales 25c higher at [email protected]; relatively few loads sold; vealers steady at $6.75; other classes strong to 25c higher: heifers $8.50 down. Sheep—Receipts, 3.000: market. slow; packers bidding steady or mostly $6-75 for desireable lambs; few to butchers at $7, By United Press FT. WAYNE. July 6—Hogs—Market, steady: 100-140 lbs., $7.15; 140-160 lbs., $7.30; 160-180 lbs. $7.40: 180-200 lbs., $7.50; 200-220 lbs.. $7.40: 220-240 lbs., $7.25; 240260 lbs., $7.15; 260-280 lbs., $6.90; 280-300 lbs.. $6.70; 300-35 lbs., $6.40; 325-350 lbs., $6.15; roughs. $4.50; stags. $3.25; calves, $7; lambs. $6.50. By United Press CINCINNATI!. Ck. July 6—Hods—Receipts. 4.000; heldover. 370: somewhat slow, around 25c lower than Friday; better grade. 170-230 lbs.. [email protected]: most $7 65 on 220 lbs. down: some 240-260 lbs., $7.25 [email protected]; 280 lbs.. $7: light lights and pigs, steady to 15c lower: 120-160 Ibss. mostly $7.25: sows, steady light and medium weights, [email protected]: heavies down to $4. Cattle —Receipts. 800; calves. 275; slow, mostly steady; steers, scarce: common and medium grass steers and heifers largely. $4.50@6: a few better kinds. [email protected]; one load of dry fed 584-pound heifers. $B- - $4.25 down: vealers. steady; good and choice. s6@7; lower grades. $5.50 down. Sheen —Receipts. 2,500: better grade ewe and wether lambs, active, fully steady to strong. $7.50@8: a few downard to $7: other slow: throwouts largely ss® 5.50: buck lambs. [email protected]; sheep steady; fat ewes. $1<3.2. DIES IN GLIDER DIVE Westerner Killed as Wife in Aato, Watches Plunge. By United Press SAN CLEMENTE, Cal., July 6. Clyde White, 29, seeking a license as a glider pilot, was killed Sunday when his motorless craft fell forty feet, crushing him. White had been towed aloft by an automobile from which his wife was watching.

The City in Brief

TUESDAY EVENTS Indianapolis Jewelers’ Guild, dinner, Chamber of Commerce. Rotary Club, luncheon, Claypoo!. Gyro Club, luncheon. Spink-Arm*. Mercator Club, luncheon, Columbia Ctub. Architectural Club. luncheon, Architects’ and Builders’ building. % Purchasing Agentas Association, luncheon, SeTerin. American Chemical Society, luncheon, Chamber of Commerce. Universal Club, luncheon, Columbia Club. University of Michigan Alumni, luncheon. Lincoln. North Side Exchange Club, luncheon, 8810 College avenue. Alliance Francaise, luncheon, SpinkArms. Indianapolis Republican Veterans, luncheon. Board of Trade. Indianapolis League so rthe Hard of Hearing, 7 p. m., Stokes building. , Kiwanis Club will be entertained Wednesday at the Claypool luncheon by the Harmony Four medley quartet, Indianapolis recording musicians. Paul Robertson, secretary of the Hume-Mansur company, and in 1929 and 1930 president of the National Association of Building Owners and Managers, has been appointed a member of the committee of realty finance of the National Conference on Construction. Members of the Monumental Racing Pigeon Club of Indianapolis will sponsor a 1,000-mile race from Bay Spring, Tex., soon. Urban Ogden, 925 North Wallace street, was awarded first place for the best sermon of the year by Butler university College of Religion, and Will J. Moore of Melbourne, Australia, won an award for the best work in Hebrew, it was announced Saturday. GAS PLAN TO BE TOPIC South Side Civic Club to Hold Closed Meeting Wednesday. Questions, including use of natural gas in Indianapolis, the city budget and operation of a bus line on the south side, will be discussed Wednesday night at 8 at a closed meeting of the central committee of the south side civic clubs. NEW YORK COFFEE RANGE —July 3 High. Low. Close. March 6.58 6.53 6.57 September 6.24 6.16 6.24 December 6.49 6.40 6 46

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JULY 6, 1931

PLEA FOR MORE MEN MADE IN POLICEBUDGET City Officials in Quandary in Aim to Reduce 1932 Appropriation. Although again expressing the need for additional men, police officials today said their hands are tied by lack of funds and filed 1932 budget appropriation requests totaling $1,291,514, a decrease o* $126.75 over this year. In the statement, the department heads said new men are needed in nearly ever branch of the police division. Minor changes in the number of patrolmen and ranking police officers are set out. Increase of $7,000 in the equipment needs for police cars is included in the budget schedule. City officials who are supposed to reduce the total of the 1932 budget are puzzled how it can be reduced and still add about $5,000 for purchase of license plates for city cars. Under a statute of the last legislature, the municipality will not be given free licenses, and all cars, including police and fire apparatus, must be equipped with paid licenses. Increase in the weights and measures department budget is sought by Grover C. Parr, department head. He is seeking $11,370 for operation during 1932. Operation of the Gamewell department. next year will cost the city $84,872, according to its appropriation requests submitted today. New York Liberty Bonds 3 s is 77? u !!.?77. i02.1T Ist 4%S 103 13 4th 4%s 104.24 Treasury 4%s 113.17 Treasurv 4s 108.18 Treasury 3%s 106.17 Treasurv 3%s of ’47 102.28 Treasurv 3%s of ’43 102.23

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