Indianapolis Times, Volume 43, Number 55, Indianapolis, Marion County, 14 July 1931 — Page 14

PAGE 14

STOCK SHARES MOVE DOWN IN SLOW SESSION

Steel Fails to Hold Early Gains; Volume Sinks

on Decline.

Average Stock Prices

Average of thirty Industrials for Monday was 142 43. off 1.45. Average of twenty rails was BO 33. off 1.65. Average of twenty utilities was 57.70. off .68. Average of forty bonds was 95.93. off .09. BY ELMER C. WAI.ZER United Press Financial F.ditor NEW YORK. July 14.—Prices drifted lower on the Stock Exchange today with early trading dull. American Can met considerable pressure and went to 104, of! 2% points. Steel common which had advanced to 96 Vi, fell back until it touched 94Vi, off IV4, around noon. Losses ranging from 1 to 2 points ■were made by Eastman Kodak, Case, General Electric, International Telephone, American Telephone, Western Union and Consolidated pas. Copper shares reacted fractions to more than a point. Copper metal for domestic shipment is now quoted at 7% cents a pound, equaling the lowest rate for all time touched shortly before the Hoover moratorium plan was announced. Anaconda dipped to 23%, off 1%; American Smelting 31 1 i, off 1, and Kenirecott to 17%, off %. Trading volume failed to pick up. Aside from American Can there jwa.s no particular pressure. The London Stock Exchange firmed up and closed irregular with American stocks making a good showing. The Berlin Bourse will remain closed until Thursday on which day the German banks also are scheduled to reopen. The Paris Bourse was closed today.

Bank Clearings

INDIANAPOLIS STATEMENT —July 14— Clearings $3,793,000.00 Debits 6.882,000.00 CHICAGO STATEMENT —July 14—— Clearings $64,400,000.00 Balances 9,200,000.00 TREASTTtY STATEMENT —July 14 — Net balances for July 11. .$373,032,509.48 Expenditures 12,434,086.40 Customs rccts. mo. to date. 11,022.176.00

New York Curb Market

(By Thomson & McKinnon) —July 14— 11:30] 11:30 Alum Cos of A 132 V* Gulf Oil 58 Ani Cynanjld .. 7VV*lint Pete 11 Vi Am Sup Pwr... 11% Nat Investors... 4% .Ark Gas (A).. 3% Nta Hud Pwr.. 11 Braz Pwr & Lt 19%!Penroad 6 Can Marc .... Regis Paper 12% Cent. Sts Elec. 7V*!So Union Gas.. 7% Cities Serv 10Vi Std of 0hi0... 43% Cord BVi Un Gas 6% Gen Avia S'/iUt Pwr (81.... 9% Ford of Eng .. 12 United Fndrs... 5 Goldman Sachs 5 I

New York Bank Stocks

(By Thomson k McKinnon) —July 13Bid. Ask. America 42M: 45% Bankers 93% 96V* Brooklyn Trust 390 405 Central Hanover 216 221 Chase National 71 Vi 74V* Chatham Phoenix Natl... 64 67 Chemical 45% 47% City National 80% 83V* Corn Exchange 94 98 Commercial 260 275 Contlnnental 20% 23* Empire 45'/a 48 V* First National 3.500 3.700 Guaranty 441 446 Irving 31% 33% Manhattan & Cos 70 73 Manufacturers 43% 45% New York Trust 143 148 Public 48 51 Chicago Stocks Opening^ (By James T. Hamlll & Cos.) —July 14— 11:30.| 11:30 Ass Tel Util .. 24 Italamazoo Stove 18 Bendlx Avia .. 20% Lib McNeil Prod 10% Borg Warner .. 18v!Mo Kan Pipe L 5 Cent S West .. 16 |Middle West .. 17% Cord Corp B%jPft Circle 35 Con Chi Com.. 6%]Sbd Utilities .. 3% Brisby Gru .... 3%;Bwlft k C 0.... 26% Gt Lakes Arcft 3 T o|Swift Inti 35 Den Thca Eqp.. 3%1U S Rad & Tel 23 Houd Rersh A.. 15V* 1 Ut k Ind Com.. 6 Elec HsehoM .. 17 I Walgreen Strs.. 17 Insuil Com .... 28%! Births Boys Dewey and Eva Blum. 604 Buchanan. William and Neva Jordan, 1917 Holloway. Sam and Angeline Yeftlch, 3530 W-est Sixteenth. Karl and Luilie Muszar, Methodist hospital. George and Helen Dailey, Methodist hospital. Cleland and Vivian Cook. Methodist hospital. John and Lucile Lowery, Methodist hospital. Rov and Vertha Odder. Methodist hospital. v. Paul and Elizabeth Rickej’, St. Vincent's hospital. Robert and Kathleen Kelly, St. Vincent’s hospital. Patrick and Gladys Hardesty, Bt. Vincent's hospital. James and Thelma Williams, 2910 School. Ralph and Bessie Storms, city hospital. Everette and Elsie Allen, city hosiptcl. Edward and Nanetta Von Haeger, ciiy hospital. Eizie and Katherine Pullins, city hospital. ... Prank and Marion Grey, city hospital. Robert and Crystal Elsbury, city hospital. Oliver and Mav Patterson, city hospital. Sylvester and Thelma Hughes, city hospital. Rudolph and May Dinlnger. Christian hospital. iJovd and Etta Brimberrv. 4215 Ralston. James and Leona BlschofT, 2601 West (Walnut. Evan and Althea Jones, 2005 Ralston. George and Flossie Lucid. 1754 Blaine. Girls Irvin and Helen Wlssen. 1408 Finley. Joseph and Gertrude Curtis. Methodist hospital. and Louise Carl and Faye Macv. 939 North Tibbs. Hugh and Goldie Whitlev. 1323 Shelby. __ Harold and Eveline Sims. 1234 East Keilv. Lester and Mildred Williams, 1635 Bpann. Thomas and Margie Carter. 2728 Highland place. Henrv and Alice Wiles; city hospital. Orlan and Esley Miller, city hospital. Charles and Maybclle Sanders, city hospital. Garfield and Mollte Green, city hospital. Üben and Anna Thompson, city hospital. Barton and Lorene Winsaor, city hospital. Samuel and Cleo Hancock, city hoslptal. Ernest and Glenr.a Gohen, eity hospital, Lowell and Norvk Rhodehamel, Christian hospital. Frank and Mildred Montgomery. Christian hoslptal. Frank and Gladys Springer, 1226 Finley. Roger and Florence Jones. 2447 Baltimore. Deaths Louis Albert Browne, 65, 326 East Thir-ty-seventh. general carcinoma. Martin McGufl. 79. 1016 Broadway, hypostatic pneumonia. Paul Thomas Jackson. 4. Rtlev hospital. pulmonary oedema. June Lillian Lleske, 47. 517 Livingston. Carcinoma. John P. Boston. 59. 1429 North Shertotn. chronic eardio renal disease. Alice E. Armstrong. 73. Christian hospital. cerebral hemorrhage. Jessie M Duncan. 26, cty hospital, bronpho pneumonia. Rose Marie Thomas. 1. 2847 Boulevard place, pulmonary tuberculosis. Dollie Mav Brown. 61. 525 South Trowbridge. chronic myocarditis Mary Reid Wilder, 38. Methodist hospital. myocarditis. Alonzo Charles Gardener. 72, 51 South Ritter, chronic myocarditis. Bessie Abston. 40. Central Indiana hospital. pulmonary tuberculosis. Minerva V. Coleman. 61. 246 West Maple toad, pulmonary tuberculosis. Madge Foreman, 31. city hospital, hymolvtic Jaundice. Lillian M Morgan. 21. 628 Olin. pultnonarv tuberculosis. Max Light. 1. Riley hospital, tuberculosis fcneningitia. -Helen Wade. U mo.. Riley hospital, lotfcr pneumonia.

New York Stocks " (in Thomson A McKinnon 1 — ll

—July 14 — p.ilrod*—- Prev. High, now 11:30. close. Atchison I*o ... 160 160 At! Coast Une 95 ... Balt Si Ohio ... 57% 67% 57% 57*, Chesa it Ohio ' % Chess Corp 37% • > Chi Qrt West 6% Ch! N West ... 29 28 % 29 28',a C R, X & P 4040 Del L it W 60 Del Ac Hudson 126 Erie 22 21% 21% 22% Erie Ist pfd 32% 33 Great Northern 46 46% Illinois Central 51 M K T 14V, 14Vi 14% 14% Mo Pacific 24 25% Mo Pacific pfd.. .. ... 68% 69 N Y Central ... 87 66% 87 6% Nickel Plate ... 86% NY NH Ac H 73 Nor Pacific 37% Norfolk it West 168% Pennsylvania ... 46% 46’/, 46% 46% Reading 70'/, Seaboard Air L .. ... % ... So Pacific 84% 84 84 84% Southern R 7 33% St Paul 4% St Paul pfd BVi 8t L it 8 P 17% 17% Union Pacific ..161 160% 169% 162% Wabash 13% W Maryland .. 13 12% 12% 12% Equipments— Am Car it Fdy .. ... ... 18% Am Locomotive 18% Am Steel Fd ley. Am Air Brake S 29 Ocn Am Tank 57% General Elec.. 41% 40% 40*, 41% Gen Ry Signal 52 Lima Loco 24 Press Btl Car 3% ... Pullman 38 38 Westingh Airb 25% Westlngh Elec... 66% 65% 66% 66% Rubbers — Fisk .. % ... Goodrich 12% Goodyear 39 39% Kelly SlUTjfld 2 2 % U S Rubber 14 Motors— Auburn 173% 170 173% 172% Chrysler 22% 21% 22Vi 22% Gardner % Graham Paige 3% General Motors.. 37% 39% 37 37'/* Hupp ... 7 Vs Mack 32% 30% Nash 28% 28 28 % 28 Vi Packard 7 % 7 7% 7'/* Reo ... ... 17% Yellow Truck 8 Motor Access— Bendlx Aviation 20% 19% 20 20% Borg Warner 19% 18% 19 18% Briggs 12% 12% Budd Wheel 9 9 Eaton 14% Houda ... 5 Sparks-W 7% 8 Stewart Warner 10% Timkln Roll 36 Mining— Am Smelt 31% 31% 31% 32% Am Zinc 5 5% Anaconda Coo.. 24% 24 24'., 25 Cal it Hecla.... .. ... 7% 7*/ Cal Ac Arlz 33 Cerro de Pasco 17 Dome Mines.... .. ... 11% 11% Freport Texas.. .. ... 25% 25% Granby Corp .. .. ... •••., 13% Great Nor Ore 19% 19% Howe Sound ...... ... 19% 19'/, Int Nickel 13% 13% 13% 14 Inspiration .... 7% 7 7 ... Kennecot Cop.. 18% 18 18 18% Magma Cop ... 13% Miami Copper 6 6% Nev Cons 9% 9% Texas Gul Sul 34% 34Vi Oils— Amerada .. ... ... . 17% Atl Refining 15V, 14% Barnsdall 8 Houston 8% 8% Indian Refining. .. ... ... 2'/t Ohio Oil 10 Mex Sbd 14% 14% Mid Conti 8% Phillips 7% 7% Pure Oil 7% Richfield .. ... ... 1% Royal Dutch 29 Shell Un 6% 6% Simms 6- 2 Sinclair v ... 10V, 9% Skelly 4% Stand of Cal 36% Stand of N J ... 37% 37 37% 37% Stand of N Y... 17'% 17% 17% 17% Texas Cos 23% 23 Union Oil 17'% 17% Steels— Am Roll Mills .. 21% 21 21 21 Bethlehem 46 45% 45% 45% Byers AM 32% 32 Vi Cruc Steel 43 Vi 43 Inland ... ... 45 Ludlum 11 11% Newton 10% Repub lAc S ... 14% 14 14 14'/, U S Steel 96% 94% 94% 95% Vanadium 32% 31% 32V, 31% Am Tob A (new) 116% ,Am Tob B (new) 119% Con Cigars 33 % Lig Ac Myers B 72% 72% Lorillard 17% 17% 17% 17% Reynolds Tob .... 50% Tob Pr B 3% 3% 3% 3% United Cig 6 Utilities— Abitlbi 4% Adams Exp 15 Am For Pwr ... 29% 28% 29 29% Am Pwr Ac LI 36% A TAc T 176% 175% 175% 176% Col Gas Ac El ... 31% 31 31 31 Vi Com Sou 8% BVi BVi S'/s El Pwr Ac LI .... 33% 37% 38% 38 Glen Gas A 4% Inti TAc T 31% 30% 31 Vi 31% Natl Pwr Ac LI.. 25% 21% 25% 24% No Amer Cos .... 68 67% 67% 66% Pac Gas El 45% Pub Ser N J ... 80 79% 80 79% So Cal Edison .... ... 433. Btd G Ac El 63 United Corp ... 22'/, 22 22Vi 21% Ut Pwr Ac LA.. 23% 23'/a 23% 23% West Union iis Shipping— Litl C-orp... 14 13% 13% 14 United Fruit ... 59 58'/, 58% 59 Foods— Am Sug 34 52 % Armour A 2 rhudP'Tv. '39 Vi 39 Cnilas Cos tll 21*4 Cont Baking A.. 14% ... 'ii;/, 14% Corn Prod 7n 70 it Cudahy Pkg.... .. 1” 40 /4 Cuban Am Sugar ! 41/Gen Poods <9*/* 49 grand Union I" 85 15% Hersncy ••••••• #a ... Jewel Tea '4B * '* Kroger " 27% '27% Nat Biscuit.... 59% 59% 59% 60 Purity Baking.. 29% 29 29 39% Safeway St sai/ Std Brands *i7% 17% Ward Bkg ..I' 4 4% Drugs— /8 Coty Inc 8% 7% 8 7% Lambert Cos. 65% 66% Lehn Ac Fink ... . . 26% Industrials— * Am Radiator.... .. ... .. 131/. Certalnteed .... " ” 5 Gen Asphalt ... . ‘ 22 Otis Elev .j. 30% Indus Chems— 0 ,4 Allied Chem ...120 118% 118% 119 Com Solv 16% 16 16% 16 Union Carb .... 51% 50% 50*i 51 % U S Ind Alco.. .. ... 29^8 Retail Stores— Assoc Dry Gds 18% 18% Kresge S S 2s', 26V, M ay D Store ... 35% 35Vi 35% 35% Mont Ward .... 19'/, 18% 19% 19 Penny J C 32% 32% 32% 33 Schulte Ret St.. .. ... ... 7%

Investment Trust Shares

(Bv Gibson Sc Bernard) PRICES ARE TO 13 NOON C. S. T. —July 14— , _ „ Bid. Ask. Amer Found’s Corn com 3% 3% Am & Ge Sec A 13 ...' Am Inv Trusst shares 4% 4% Basic Industry shares 4% 5% Corporate Trust Shares 4% 5 Cumulative Trust shares 6% 6% Diversified Trustee shares A... 14% ... First American Corp 7% 7% Fixed Trust Oil shares 3% ..." Fixed Trust Shares A 12% Inv Trust NY 6* 2 ’7% Leaders ot Industry series A 6% ... Nation Wide Securities 5% 6% National Industry shares 5 5% N Am Trust shares 4% 5% Sel Am shares 4% 4% Shawmut Bank Inv Trust.... 7 9 Universal Trust Shares 4% 5% Super Corp of Am Tr shares A 5% 6% Fundamental Trust shares A.. 6% 6% Fundamental Trust Shares A.. 6% 6% U S Elec Li & Pwr A 28% 30%

Net Changes

By United Press NEW YORK, July 13.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow; Up. Off. Alaska Juneau 14% American Can 106% American St Foreign Power 29% ... I s , American Telephone 176% ... % Auburn 172% ... 2% Bethlehem Steel 45% ... % Byers 32V, ... % Case 76% ... % Chrysler 22% ... % Consolidated Gas 94 ... % Fox Film A 16% ... V* General Electric 41V* ... V, General Motors 37% % ... International Nickel 14 ... % International Telephone ... 31% ... *! Loew s Inc 43% ... % Montgomery Ward 19 ... % National Biscuit 60 1 ... N Y Central 86% ... 1 Paramount 25 ... Va Pennsylvania 46% ... % Public Service 79% ... 1% Radio 16% ... % Radio Keith 14% ... ', Sears Roebuck 54% ... % Standard Oil of New Jersey 37% ... % Texas Corp 23 % ... Union Carolde 50% ... 1 United Aircraft 26% ... % U S Bteel 85% ... 1 Vanadium 31% ... % Westinghouse Electric 66% ... 1% Worthington Pump 49% ... 1 New York Liberty Bonds —July 13— 3%S 102.20 Ist 4%a 103.12 4th 4%S 104.29 Treasury 4%a 113.24 Treasury 4s 103.27 Treasury *fs of %7 U'* 1 **' Treasury Has ot ’43 (March)..... 10X45

Sears Roe 54% Wool worth 68 67 67% 87 Amusements— Col Graph 9% 9% 8% 9% Fox Film A 16% Grigsby Oru 3% 3', Loews Inc 43V, 43V, Param Fam .... 24% 24'/, 24% 25 Radio Corp .... 17V, 16% 17 16% R-K-O 14 V, 14V, 14V, 14% Warner Bros ... 7% 7 7 7% Miscellaneous— Am Can *106% Cont Can ... 49’, Curtiss Wr ... 3% 33% 3',, Gillette SR .. 21*, 20% 21% 20% Real 811 k 7% 6% Un Aircraft .... 27% 27 27 26% Int Harv ... ... 43%

Produce Markets

Eggs (country run I— Loss off delivered In Indianapolis. 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 ud. 21c: under 2 lbs., 19c; bareback. 12c: Leghorn broilers, 18c: ducks. Sc: old cocks. B®9c: ducks, full feathered, fat whites. 9c: geese. 6c. These prices are for No. 1 top duality, duoted by Klnzan it Cos. Butter (whwolesale)—No. 1. 23®29c: No 2. 26&27c. Butter^gt—23e. Cheese (wholesale selling price per pound)—American loaf. 22c: pimento loaf. 24c: Wisconsin firsts. 17%c; Longhorns. 18c: New York limberger, 30c. By United Press NEW YORK, July 14—Potatoes—In fair demand: southern, $1.884.12.50. Sweet potatoes—Steady; Jersey baskets, $1.75473.25; southern baskets. 50c®53.25. Flour—Market. dull and easier; spring patents. $4.1542 4.45. Pork—Market, steady; mess, $23. Lard—Market, easier; middlewest spot, .07942-08 lb. Tallow—Market, quiet special to extra, 3%®3%c lb. Dressed poultry —Market, quiet; turkeys. 25®46c; chickens, 234/39c; broilers. 234238 c; fowls, 124/) 25c; Long Island ducks, 14®28c Live poultry—Market, quiet; geese, 104212 c; ducks. 104/ 21c; fowls, 164121 c: turkeys, 124i25c: roosters. 124413 c; broilers, 1844 33c. Cheese—Market, quiet; state whole milk, fancy to special, 13®23c; Young America, 14%@19%c. Butter—Market, firmer; receipts, 2,088 tubs; creamery extras. 24Vic; special market. 25®25%c. Eggs —Market, steady; receipts. 3,190 cases; nearby white fancy, 264130 c; state whites. 184/25c; fresh firsts. 184119 c: Pacific coasts, 234/30c; white westerns, 264230 c; nearby browns, 19@30c. By United Preeg ■ CHICAGO, July 14.—Eggs—Market, firm; receipts, 12,102 cases: extra firsts, 19%c firsts, 18%c: current receipts. 14@16%c seconds. 13%c. Butter—Market, steady receipts 15,387 tubs; extras. 23c; extra firsts. 224t22Vic: firsts. 20%@21%c; seconds 19(@19'.ic; standards, 23V4c. Poultry—Market. firm: receipts 1 car; jowls, 19c; springers, 274? 29c: Leghorns. 13c; ducks 13®16c; geese. 12c. turkeys. 15®18c; roosters, 12c; bro Hers (2 lbs.) 244,;27c; broilers (under 2 lbs.). 234/25c; Leghorn broilers. 19%4/21c. Cheese—Twins, 12%®13c; Young Americas, 13%@13!4c. Potatoes—On track 325; arrivals, 151; shipments, 754; market steady to slightly weaker; Missouri S>® e ,V s ' $1,504/1.55; Southern Triumphs. 52f1r2.20; Virginia sackej cobblers. sl.7o 'it) 1.75. barrels, $2,604/2.65; east shore Virginia barrels, $2.75®2.90. By United Press CINCINNATI. July 14—Butter—Steady: * n tub according to score, 204/22c; common score discounted. 2@3c; packing stock. No. 1,18 c; No. 2 15c; No. 3.8 c: butterfat, 19®21c. Eggs—Higher; cases included: Extra firsts. 22c; flrsst, 16c; seconds, 13c; nearby ungraded, 18c. Live poultry—Thin and coarse stock sell only at heavy discount: fowls. 5 lbs. and over. 20c; 4 lbs. and over. 18c; 3 lbs. and over. 15c; Leghorns. 3 lbs. and over. 13c; roosters 10c: broilers, colored. 1 lb. and over, 22c; 1% lbs. and over, 26c; 2 lbs. and over 28c: fryers, 3 lbs. and over. 30c: partly feathered. 154/20c; Leghorn broilers. 1 lbs. and over, 20c; 1% lbs. and over. 23c; 2 lbs. and over, 25c; black springers, 20c. By United Press CLEVELAND, July 14—Butter—Extras, 27c; standard. 27',ic; market steady. Eggs —Extras, 20c; firsts. 16'bc; market firm. Poultry—Heavy fowls, 204/21c; medium, 20c; Leghorn folws. 13®16c; heavy broilers. 25@30c: Leghorn broilers. 174/) 21c; ducks, 15®22c; old cocks, 12c; geese, 104/ 13c; market firm. Potatoes—Virginia cobblers, cloth top stave barrel, best $2.60 ®2.75; few, $2.50. Other LivestocK By United Press July 14 —Hogs—Receipts, 17,000. Including 2,000 direct: uneven, steady to 10c higher; some heavies up more: packing sows steady; bulk 170-220 lbs.. $7,404/7.50: top, $7.55; 230-330 lbs., $64/7.50: pigs. $6,654*7.15: light lights to *7.50; hacking sows. $4,354/5.65; light lights. 140-160 lbs., good and choice, $7.15 @7.50: lightweights. 160-200 lbs., good ancl cholce, [email protected]; medium weights, 200-250 lbs., good and choice. $7.10417.55: heavyweights. 250-350 lbs., good and choice, 55.654J7.35; packing sows. 275-500 lbs., medium and good. $4.35® 5.65; slaughDigs, 100-130 lbs., good and cho ce, $8 50447.15. Cattle—Receipts, 7.000; calves, 2.000; edge off general market, but best desirable killing quality considered; trade mostly steady; demand continues broadest for light cattle: all grades continue to get fairly wide outlet; up to $9 paid for strictly choice light yearlings: practical SB z ßs ,i w i th best weighty bullocks. $8.25: bulk of run sold, but killers bearlng down suggesting W'eak close: slaughter cattle and vealers: Steers, 600-900 lbs., good and choice. $7.75®9; 900-1,100 lbs. good and choice, $7.50479; 1,100-1,300 lbs. good and choice, $708.50: 1.300-1,500 lbs good and choice. [email protected]; 600-1,300 lbs'' me <M um ! $5.50477.25; heifers! 550-850 lbs., good and choice, $7.25478.75' common and medium. $4477.25; cows, good end choice, $4.50<®6: common and medium, $3.50474.75; low cutter and cutter C ? v !s S, j 42.25dj-3.50: bulls, yearlings excluded. good and choice, beef. $4.25474 85- £““ er . to medium. [email protected]; vealers, s i's Roofi and choice. sß@9; medium. $6,504/8, cull and common, $4.50®6.50: Stocker and feeder cattle; Steers. 500-1 050 inn B £°2- aud c^?v,. $5 - 75 ® 7: common a ?d madiaia - $4.25®5.75. Sheep—Receipts, 10,000; most classes steachr to strong: native lambs shade higher in incn PPsoiti-' B°od and choice natives, [email protected]; outside price paid bv city butchers and yard traders; slaughter sheep and lambs: lambs. 90 lbs. down, good and choice. $7./56*8.85: medium, [email protected]; ?IL w? iKhts - common. $4.50476: ewes. 90medium to choice. $2473.75; all Y'J}?, tSI , cu y and common. $1.50®2.25o mbS ‘ 80-75 lbS-> R° o< f and choice! By United Press 1 July 14 ' —Hogs—Receipts, 7 - 4 °5,' holdover none: moderately active $7 fiOrt?7 S co ady: £ ett fJ R rade - 170-240 lbs.; tPPSt'y $7.90 on 225 lbs. down , e , a r&- ® al cs. 47 85: 250-275 lbs., quotaSgttg Sth !is t “cSfi‘,- u L“i D h'- , 560- h 'c”tS UP generally steady; common and medium beef h cowf K o S vlJ S ,’il Wa , rd to * B - 25 : “lost cStter C ps.* 7 |fibf I bX strong^ 8 s^tl 25c higher $3,504/4.75; a few $5 *'vealers unevenly steady to 50c higher; good and choice largely [email protected]; selected lightweights up to $9; lower grades yi 50 down. Sheep—Receipts. 9,000; fairly acwive, better Rrade ewe and wether lambs rinnti Ste^ ad u.' SB /"- 9 •' largely $8.50 up- "one double deck choice 74 lbs. $9 25- burk sheet,' stp/tl'- 5 °7 f moSt thro * outs.' $54/6; weights'up* 1 to s2f s o* WeS ' sl ' s ° 2; ght * By United Press FT. WAYNE, July 14—Hogs Market steady; 100-140 lbs.. $7- 140-160 lbs *7 is-’ 160-180 lbs.. $7.40; 180-200 lbs S7 Sn- s7 9nn‘ 220 lbs. $7.40; 230-240 lbs.. $7.25 240?260 300-326 lbs $6.60: 325-350 Ibs 3 ?°s6 35: lambsf’s7 50. : KS ' W ' 2s: caives - &8 ‘ By United Press LAFAYETTE. July 14.—Hogs Market. steady to 5c higher* 160-200 ihs 200-210 lbs.. $7.40; 210-225 fbs . $7 35-* 225: -.40 lbs.. $7.25; 240-260 lbs $7 15- 260-°BO ‘ bs 7 V* 7: 280-300 lbs $6 D Bs': V(>o-325 3 lbsf° inh 7^'->n 14 ? Kc 160 S ni $7: 120-140 lbs.. $6.85 100-120 lbs.. $6.75; roughs. $4.75 downtop calves. si.so: top lambs. $7. ’ By United Press PITTSBURGH, July 14.—Hogs—Reeeint? gS®,-. P* a jket mostly steady; 150-210 lbs’ 220-250 lbs., $7.25477.75- 'OO- -^ 7 *? 0 f® 7 & 5: packin ß tows, '54*475. Cattle-Receipts, 25; market, steady; heavy * 2 - 75 ® 4 - Calves—Receipts. market, steady; grade vealers, s7@ I'hM^D 011 . K . raae t medium. $4,604/6.50. hf,?“ 0 R r C . C H eptS i' s°° : market, steady; better grade lambs, $8.25@9; medium grade. $5./5<g6.75; good wether up to $3.50. By United Press EAST BUFFALO. N. Y„ July 14.-Hog.v----9n. sal f- fJO: generally steady to weak: desirabie 130-210 lbs., [email protected]; 240-250 lbs., $7.50; nothing done on sows; bidding sharply lower. Cattle—Receipts, 25; cows nominally steady: calves, receipts, 200vealers. slow, weak to 50c lower; good to £v^ ce •- ss •' 5 ' ,79 - 50 : common and medium. SS.SO@B. Sheep—Receipts, 1,000; lambs slow; better grade about steady, others weak to 25c lower, quality plain, mixed offerings. Including bucks,'s9; bid $9 50 for closely sorted; throwouts, $7 downsheep, steady. ’ By United Press m^sk, 14 _-^ Hogs—:Receipts. 200; <Pon ket J°w-er; heavies. $6.5047 6 80. med/ums $7.0 ~25; Yorkers. $7.25® Zi?;. Pig*-. s<@7.so. Cattle—Receipts, l Calves—Receipts, light; market^steady? 8 ' Shee^R 'ipts Building Permits me F^e^^cle le l^. COmMnr ' 35 MonU * Centrai a s2s0 leCtrlC ComDanv - ***• 1803 tank lnd Dumps. 429 East Market. SSOO. V. C. Dougherty, dwelling and garage 982 North Campbell. $4.800 RAW SUGAR PRICES July 13— _ High. Low. Close. January 1.46 1.45 1.45 March 1.51 1.49 1.49 May 1.56 1.55 1.56 Julv 1.82 1.81 1.31 September L. 1.38 1.36 1.37 Dcember ..........ft. 1.40 1.48 8.44

THE INDIANAPOLIS TIMES

SWINE MARKET SHOWS UNEVEN TRADINGJANGE Cattie and Calves Strong to Higher; Sheep Sell Up. July. Bulk. Early Top. Receipts. 7. $6,604/ 7.50 $7.50 5.000 8. 6 8544 7.75 7.75 4.000 9. 7.0047. 7.75 7.75 5,000 10. 7.0047 7.60 7.60 6.500 11. 7.004/- 7.60 7.60 1,200 13. 7.10® 7.65 7.65 4.000 14. 7.10® 7.70 7.70 5.600 Hogs were slightly irregular this morning at the city stockyards, prices ranging from .steady to 5 cents higher to 10 cents lower. Light hogs were up 5 cents with others steady. Underweights showed a decline of 10 cents. The bulk, 140 to 300 pounds, sold for $7.10 to $7.70; early top holding at $7.70. Receipts were estimated at 5,000; holdovers were 120. Light steers and yearling heifers held steady to 25 cents up in the cattle market; othfT classes little changed. Weighty steers moved slowly. Receipts were 1,600. Vealers soid off 50 cents, ranging from $8 down. Calf receipts were 900. Lambs were active, selling higher on some classes with all grades showing strength. Ewe and wether lambs sold mostly at $8 to $8.15; few small lots making a top of $8.75. The bulk sold at $7 to $7.50. Receipts were 2,300. Chicago hog receipts were 17,000, including 2,000 direct. Holdovers, 7,000. Market slow, with asking around steady at Monday’s average, while early sales and bids held steady to 10 cents lower. Hogs weighing from 180 to 210 pounds were bid $7.40 to $7.50, with early top holding at $7.50. HOGS Receipts, 5,909; market, steady. —Light Lights—-(l46-160) Good and choice $ 7.30® 7.50 —Light Weights—-(l6o-180) Good and choice.... 7.654? 7.70 (180-230) good and choice -7.65@ 7.70 —Medium Weights—-(2oo-220) Good and choice.... 7.60® 7.65 (220-250) Medium and g00d... 7.40® 7.60 —Heavy Weights—-(2so-290) Medium and good.. 7.10® 7.40 (290-350) Medium and good.. 6.75® 7.10 —Packing Sows—-(27s-500) Medium ana g00d... 4.25® 5.50 (100-130) Slaughter pigs 7.15® 7.25 CATTLE (Slaughter Class) Receipts, 1,600; market, setady. —Steers— Good and choice $7.50® 8.75 Common and Medium 5.25® 7.50 (1,100-1,500) Good and choice 7.25® 8.50 Medium 5.50® 7.25 —Heifers—-(soo-850) Good and choice 7.50® 8.50 Common and medium 4.50® 7.50 —Cows— Good and choice $ 7.50® 8.00 Medium 5.50@ 7.50 Cufi and medium 3.50® 5.50 —Bulls (yearlings excluded)— Good and choice beefs 3.75® 4.50 Cutter, Cf.mmon and medium.. 2.50® 3.75 CALVES AND VEALERS Receipts, 900; market, steady. —Vealers— Good and choice $ B.oo® 8.50 Medium 6.00® 8.00 Cull and medium 4.00® 6.00 —Calves— Good and medium 4.50® 6.50 Common and medium 3.00® 4.50 STOCKERS AND FEEDER STEERS Good and choice 5.00® 7.25 Common and medium 3.75® 5.00 (800-1,500) Good and choice 5.00® 7.25 Common and medium 3.75@ 5.00 SHEEP AND LAMBS Receipts. 2,390; market, steady. Good and choice $ 7.00® 8.75 Common and medium 4.00® 7.00 Ewes, medium and choice ... 1.25® 2.75 Cull and common 75® 1.25 Other Livestock By United Press EAST ST. LOUIS, July 14.—Hogs—Receipts, 7,500; market, steady with Monday’s average: top. $7.65; most 160-220 lbs., $7.40®7.50; 230-270 lbs., $7®7.35; 100-150 lbs., $7.25; sows, [email protected]. Cattle —Receipts, 4,000; calves, receipts, 2,000; maNcet, slow on all classes; vealers, 25c higher at $8.25; early sales other classes about steady; top, $10.24; yearlings, steers, $8.50; top medium bulls, $4.25. SheepReceipts, 3,500; market, asking 50c higher for lambs: few bids strong to 25c higher at [email protected]. By United Press CLEVELAND, July 14.—Hogs—Receipts, 1.200; holdover, none; steady with Monday’s best prices, 10® 15c over low sales; top, $7.90 on 160-230-lb. sorts; pigs, $7.50; few 240-250-lb. weights, $7.65; 270-300-lb. kinds, [email protected]. Cattle—Receipts, 200; active, cows and bulls predominating; latter kind higher than on Monday’s 50c higher close: sausage bulls selling freely at $5; low cutter to good cows, $24i)4.75; oulk $2.50®4.50; calves, receipts. 900; nearly steady to weak, spots 50c lower; bulk $9.50 down: only odd head above $10; common to medium largely [email protected]. Sheep/—900; lambs, dull; unevenly lower; bulk $8.50 downward; only odd head $9; common to medium, [email protected]; sheep, steady.

MOTION PICTURES mmmmrn STARTING SATURDAY RAMON NOVARRO in “Son oS India” with MADGE EVANS Metro-Gold wyn-Mayer Picture

V Don’t miss ’ STAGE TREAT! V\S|®. TBRADUri l KINCA/* I \\ fttLiON // \\ celebrated If Radio StarAEjl S I On the Screen _ _ DOROTHY Mackaiu PARTY HUSBAND" j also James Bennie —Donald Cook THE CUES PLAY i till J What Was the Magic of His Love Making? BnnWARNER P^WBftXTER gS*** co-star of is “Daddy Long NT c. V .J ’’THEIRHAD \A MOMENT" kVA / with—l¥Vv Dorothy Mackalß Xl BOBBY JONES to A I P ''Medium Irons’’ j FREE Auto I I Next JOAN BENNETT I I Parking |S\T. tn “Hash Maney** I

Dow-Jones Summary

i Otis Elevator six months June 30, net Income * $2,858,305 after charges and taxes, against $3,194,498 in first half of 1930. Daily average crude oil production In United States in week of Jnly 11. totaled 2.538,980. an increase of 55,555 barrels over preceding week, according to Oil and Gas Journal. New York cables opened in London at 486 13-16. against Monday s close of 486 9-16- Paris, cnecks, 123.75, Amsterdam, 12.047; Italy. 92.995; Berlin. 2-50. Sugar melt of fourteen United States refiners from Jan. 1 to July 4. U/ttled 2.130.000 long tons, against 2.455.000 in 1930. Deliveries 1.940,000 long tons, against 2.233,000. Kroger Grocery and Baking Company I in twenty-tour weeks ended June 20. 1931, ! earned $1.25 a common share, against 12 I cents In six months ended June 30, 1930. Great Lakes regional advisory board estimates freight car requirements for third quarter to be 472,968 cars, against 598,443 cars in the 1930 period. United Founders consolidated asset value as of Mav 31. 1931. was $5.80 a common share: on June 30. 1931. was $7.31 a share and on May 31. 1930. was $21.14 a common share. Net loss of St. Joseph Lead Company five months Mav 31. 1931. was $850,819 after depreciation, depletion and minority interest: against profit before federal taxes of $1,307,641 in first five months oi 1930. MacMarr Stores, Inc., declared a dividend of 16 2-3 cents on common stock, payable Aug. 1. of record July 20. Insuranshares Corporation of Delaware net asset value $20.18 a share on June 29, 1931. Joscjh T. Rverson & Son declared two quarterly dividends of 30 cents each, placing stock on $1.20 annual basis, against $2 previously. Dividends payable Ang. 4 and Nov. 1. of record July 23 and Oct. 19 respectively. Final dividend of 7 per cent for 1930 declared in May by Royal Dutch Company is equal to 93.85 cents on each share. Dividend payable Aug. 4 of record July 22. BELL SYSTEM INCOME SHOWS SLIGHT DROP Six Months Net Per Share Is $4.89, Against Previous $5.72. A net loss of approximately 100,000 telephones, or two-thirds of 1 per cent of those in service was recorded by the Bell Telephone System for the first six months of 1931, report of the president, Walter S. Gifford, showed today. The number of long distance calls handled decreased 3 per cent from the same period in 1930 and the total telephone revenues were about 1 per cent below last year’s level. The number of stockholders in the company increased 33,000 since Jan. 1, 1931, the total being approximately 600,000 on July 15. Net income per share for the first six months of 1931 was $4.89, compared with $5.72 for the same period in 1930. Marriage Licenses Ralph Logston. 28. 17 North Arsenal avenue, shop worker, and Bernice Deener, 21. of 1009 Park avenue, factory worker. Jack Manning. 22. of 1367 Madison avenue. printer, and Helen Rogers. 20, of 212 Terrace avenue. Leslie Champer. 29. of R. R. 7. Box 265. farmer, and Ernestine Jennings, 23, of 6420 Ferguson street, telephone operator. Fred E. Gifford, 33, of 2714 North Pennsylvania street, physician, and Frances B. McMatli. 33. of 1220 Pickwick place. Orville Fly. 21. of 2326 Brookside avenue. rug company partner, and Ida Grey Austin, 18. of 1843 Roosevelt avenue, Louis J. Bruder. 23, of 3019 West Tenth street, press feeder, and Lena C. Bronner, 24. of 3019 West Tenth street. Norman H. Hancock, 18. Maywood, grocer, and Addie G. Kinsey. 17, of R. R. 3. Box 486. STOCK ISSUE IS SOUGHT Insull Utility Seeks $2,000,000 for Refinancing Operations. Permission to issue $2,000,000 worth of stock was asked the public service commission today by the Northern Indiana Public Service Company, Insull utility unit. The money will be used to refinance the treasury of the company on expenditures in a generating plant in the Chicago area. NEW YORK COFFEE RANGE —July 13— . High. Low. Close. March 6.40 6.33 6.33 May 6.51 6.42 6.42 July 5.86 5.85 5.86 September 6.07 6.00 6.01 December 6.32 6.25 6 26

* MOTION PICTURES BWy Never Before fY A Party Like This! ms 'BROOKE m If JOHN/ 1 ll Ik So* If gV\\ tirrutiamahoeLo. If A teaturing // ft ,V\ A galaxy of favorite // JA (ootllglit stars! // /JBt f/ No ONE Man for \SI *:;// This Girl! WVI f IMMIHBI 1 WOMAN’ 1 VAX with Iff A\\ GARY COOPER /f j k K'AvAcAROLE LOMBARD,#/^ “VICE SQUAD AMUSEMENTS

BIOGKT SHCWin mmanamli Wk nick" r i LUCAS ! “LOVER "l N person I I JR. Singing and Playing as COME BACK” Wmm-W with JACK MCLHALL BIG ACTS RKO and BETTY BRONSON Q VAUDEVILLE 25c 1 Tin. ; Au F to plrk | SAT. 1 BLANCHE SWEET PERSON

SWIM IN THE BEAUTIFUL POOL OF Hotel Antlers Relax your muscles and your mind In the limpid waters of this beautiful Egyptian tile lined plunge, of pure filtered water. The only indoor pool I In the city operated with bathing beach rules. You may wear your own snit. and stay as long as you wish, or we rent you a suit. Pool open | continuously from 10 a. m. to 10 p. m. for men and women. Single Swim, 35c. Children, 25c. Beginners’ Class, 9:30 a. m. Daily. Mrs. Fred T. Roadcap, Inst’or. HOTEL ANTLERS 750 N. Meridian St.

LEVEL OF FARM PRICES SHARPLY DOWNFOR YEAR Large Stocks, Light Demand Contribute to Drop in All Commodities. By Serijiys-llotcard \ctespapcr Alliance WASHINGTON, July 14.—Here is the farm problem in three sentences: The farm price of cotton for the five years from 1909 to 1914 averaged 12.4 cents per pound. The farm price of cotton on June 15, 1931, was 7.7 cents. The farm price of wheat averaged 88.4 cents per bushel before the war, and was 51.9 cents last mid-month. Hogs were $7.24 per 100 pounds i before the war. but at the middle of last month the price was $5.70. Most of the difficulties of the farmer, whose relief has been a national problem and a national issue for years, are indicated by those figures just made public by the United States bureau of agricultural economics. The general level of farm prices has been sharply declining for more than a year, and it dropped severely again between last May 15 and June 15, the bureau showed in its survey. Hogs Off 10 Per Cent The bureau found that at 80 per i cent of the pre-war level on June 15, the index of prices received by farmers was six points lower than in the middle of May, 43 points lower than a year earlier, and at anew low level for the period covered by the record, that is, 1910 to 1931. Here are some of the bureau’s explanations : Hogs—An unusually weak demand for pork and pork products resulted in a 10 per cent decline in the farm price of hogs from May 15 to June 15. Although hog marketings have bean considerably below those of a year ago, exports of pork and lard have dropped considerably, domestic consumption of pork apparently is lower and storage stocks continue relatively large. Cattle—The farm price of beef cattle declined about 7 per cent in the month. Indications point to the weakening consumer demand for beef as the principal reason for lower cattle prices. Potatoes Drop 13 Per Cent Corn—A continued low rate of consumption resulted in a 4 per cent decline in the farm price of corn. Wheat —The June 15 farm price of wheat averaged 51.9 cents per bushel. This represented a decline of 13 per cent in the month, and approximately 41 per cent in the year. Beginning of anew crop marketing season in the south, certainty of a large carry-over of old wheat, and partial readjustment of domestic market prices to an export basis were among reasons given for the large drop. Cotton—A reduction in domestic consumption, abundant supplies and curtailment of European mill activity resulted in the sharp decline in the farm price of cotton in the month prior to June 15. Potatoes—Farm prices of potatoes dropped 13 per cent in the month as a result of a substantial increase in early crop shipments in the south.

MOTION PICTURES *S%e ETHeaine, UitacUUe/A. - TmMir^AL OPPO/ITE TRACTION TERMINAL SCHMELING . ’ all IN 1 STRIBLING I sound | CHAMPIONSHIP FIGHT WITH 15TII ROUND IN STOW MOTION. EXCLUSIVE SHOWING—ALSO j —first — I “HELL BENT I SHOWING 1 FOR FRISCO” SPEED DEMONS AND RACING CARS

AMUSEMENTS

SWIM —SAFELY— Cool, Clear, Pure Water BROAD RIPPLE

'HOI 1011 50c, 75c, $X ■ftsGj.l |\H Matinees 2:30 1 U LEtli I Wed., Thurs., 25c, 50c FRANCES DALE WILL CHARM YOU WITH HER EXCELLENT ACTING IN . . . PETTICOAT INFLUENCE’ FIRST TIME ANYWHERE At LESS THAN $3.00 Prices! NEXT SUNDAY NITE—SEATS NOW MRS. LESLIE CARTER David Belasco’s Greatest Star, in “THE SHANGHAI GESTURE”

The City in Brief

WED.VESDAT EVENTS Purdue Alumni Association, luncheon, severin. Kiwanls Club, luncheon, CtaypooL Club, luncheon, Lincoln. Ulnl Club, luncheon, Board of Trade. Mutual Insurance Association, luncheon. Columbia Club. Eli Lily Ac Co_ Mooney-Mnellrr-Ward Company and Keifer-Stewart Company entertained eighty-four students who are taking state examinations to become registered pharmacists, at the Severin Monday night with a dinner. Speakers’ Forum held its last meeting of the season Monday night at the home of W. N. South, president, 37 South Bolton avenue. Meetings will be resumed in October. A benefit organ recital will be given tonight by Miss Fred M. Hart, a graduate of De Pauw school of music, at the Edwin Ray M. E. church. Dr. S. S. Huebner of the Wharton school of finance. University of Pennsylvania, addressed members of the Indianapolis Association of Life Underwriters Monday night at the Indianapolis Athletic Club. Program at the weekly luncheon of the Lions Club of Indianapolis at the Lincoln Wednesday will be in charge of W. H. Archer. Kiwanis Club of Indianapolis, at its weekly luncheon Wednesday in the Claypool, will hear Municipal Judge Thomas E. Garvin op “When I Was Champion of Shawneetown.” In the Air Weather conditions at 9 a. m.: West southwest wind, 12 miles an hour: temperature, 83; barometric pressure, 30.02 at sea level; ceiling, unlimited; visibility, 8 miles; field, good. Chicago Grain Range —,/uly 14— WHEAT— Prev. High. Low. 11:00. close. July (52 .51% .51% .51% Sept 52% .62% .52'A .52% Dec .57 .56% .56% ,56% CORN— July 57% .57 .57 .56% Sept 51V, .50% .50% .50% Dec 45% .45% .45% .45 % OATS — July 24% Sept 25% .25% .25 % .25% Doc 28% .28% .28% .28% RYE— July 33 Sept 35% .35% Dec 39% .39 LARD— July 7.65 Sept 7.87 .7.77 7.82 7.67 Oct 7.70 7.55 By Times Special CHICAGO. July 14.—Carlots: Wheat. 1.024; corn. 125; oats. 20: rve. 5. and barley. 3. FIRE SIREN IS BURNED Destroyed While Blaze in Different Part of Town Is Fought. By United Press HOOPESTON, 111., July 14. Hoopeston’s fancy new fire siren, atop a five-story business building, went up in smoke today while all of Hoopeston’s firemen were busy fighting another blaze which destroyed a large barn of the Illinois Canning Company. Damage in cash was $50,000* and damage to the pride of Hoopeston’s firemen were irreparable.

Local Wagon Wheat

City grain elevators are paying 35c for No. 2 red wher.t and 33c for No. 2 hard wheat.

We Buy and Sell Real Estate Preferred Stocks and Bonds ZAISER Sc ZAISER 703 Fletcher American Building 120 E Market St

Indianapolis Joint Stock Land Bank 5% Farm Loan Bonds Dated June 1, 1931 Due June 1, 1901 • Optional June 1, 1941 Coupon bonds in denominations of SSOO, SI,OOO and $5,000, fully registerable and interchangeable Principal and Semi-Annual Interest (June Ist and December Ist) Payable at The Fletcher American National Bank, Indianapolis Exempt from Indiana personal property taxes under existing laws and from all Federal income taxes, excepting inheritance tax The Indianapolis Joint Stock Land Bank, organized in 1926* is affiliated with the Fletcher American National Bank and the Fletcher American Company. These bonds are direct obligations of the Bank and are secured by deposit with the Registrar of the Farm Loan Board, United States Treasury Department of approved first mortgages on improved farms not to exceed 50% of the appraised value of the farm lands and 20% of the appraised value of improvements thereon. First mortgage loans of this Bank are confined to the best agricultural counties in the State of Indiana, and as of June 30, 1931, the average loan per acre was $36.19. Joint Stock Land Bank Bonds are legal investments for Trust Funds in practically every state in the United States and, in addition, are eligible as security for the deposit of United States Postal Saving! Price: 101 and accrued interest to yield 4.8795 Fletcher American Company Indian&polb

-JftLY 14,1931

FUTURESMAKEF GOOD GAINS ON FOREIGN HEWS Strength at Liverpool, Short Covering Aids A’l Options. BY HAROLD E. RAIWTLLE United Press Staff Corre,pondert CHICAGO, July 14— Strength i at Liverpool encouraged a natural reaction on the Board of Trade today and prices scored a good fractional gain at the opening. Liverpool had a better demand owing to the recent declines and shorts covered. There was scattered buying acre and little pressure early, due to the prevailing low prices. Corn was firm, but December was inclined to drag. Oats were firm with the other grains. Trade was rather slow* in all pits. New Wheat Received At the opening wheat was unchanged to ? s cent higher, corn was Vs to % cent higher and oats were % to % cent up. Provisions were firm. Liverpool was about ns expected today, % cent to Is cent higher mid-afternoon. Prices are now lower than many traders in the pbJL have ever seen. There is nothi®| to stimulate buying other than for fractional profits so long as the hedging pressure continues in volume. This should diminish in two or three weeks and the market then may respond more readily to buying. Over 9,000 cars of new wheat were received Monday, but reports from the southwest state that farmers are holding back grain wherever possible. Spreading Is Factor A liberal percentage of Monday’s trade was spreading between Chicago and Winnipeg, the latter being sold. Weather and crop reports on corn are favorable, with more than sufficient moisture at most points. Sentiment is bearish, although there are claims that prices are so low that traders are afraid to press the market. The shipping demand has failed to pick up as yet, but July remains tight. Oats lacked support early Monday, but cash houses came to the aid of the market later and there was a rally with corn. NAMED TO LEGION POST Raymond Demarce Appointed Judge Advocate of Strayer Post. Raymond Demarce, attorney, has been appointed judge advocate of Frank T. Strayer post. Veterans of Foreign Wars, by Ralph R. Cente; post commander. The annual post picnic will be held Sunday in Eaton’s picnic grounds near New Bethel, Ind. More than 200 are expected to attend.

James T.Hamill & Company Private Wlrca to All Leading Markets. Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bldg. Tel. Riley 6403—Riley 5404