Indianapolis Times, Volume 43, Number 63, Indianapolis, Marion County, 23 July 1931 — Page 16

PAGE 16

STOCKS MOVE UPWARD AFTER EMILY SELLING Declines on Foreign Marts Weaken Sentiment at Opening.

Average Stock Prices

Average of thirty Industrial* for Wednesday was 142 52. off 4.18. Average of twenty tails was <9 85. oft 1.14. Average of twenty Utilities was 98.03. off 1 25. Average of forty bonds was 95.75. unchanged. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Jul> 23.—The stock Inarket developed a more confident tone toward noon today and the list moved up slowly after many of the leaders had dropped to new lows on the movement In earlier dealings. Around noon the market was .Within fractions of the previous Close, several issues showing small gains. Dealings continued on a small scale. At the opening traders concluded that the London conferences had accomplished nothing definite and that the German situation was no better off than when the meetings began. This feeling of pessimism was heightened by a rise from 2 v n to 3V£ per cent in the Bank of England discount rate, a move forced by heavy gold withdrawals from England. France Gets Gold Gold withdrawals continued today, the bank of England reporting shipment of 4,991,311 pounds Sterling .(about $24,500,000) gold bars, anew record. Most of this went to France, H was said. Adding to the confusion of the American traders were declines at London and Paris before our opening. Dealings here were executed according to the European trend and stocks dipped fractions to 2 points before support was encountered. German bonds on the New York Stock Exchange were hammered down 1 to 11 points. The latter rallied slightly around noon. Word from Berlin in the late morning that restrictions on bank accounts had been eased helped the American markets. From July 24 to July 28, inclusive, depositors will be allowed to withdraw 10 per cent of their accounts to a maximum of 200 marks daily. Withdrawals from savings accounts will be limited to 80 marks daily. Prices Firm Up This evidence that the banking situation was being righted inspired confidence here, and prices firmed up from their lows. Meanwhile, talk of a rise In the New York rediscount rate was squelched by word from Washington that officials of the federal reserve there indicated there would be no increase as a result of the rise at London. This also helped the local stock market. Steel common came back to 93%, off % from the previous close. Case rallied to 71%, up % net; General Electric 41, off %; General Motors 37%, up %; American Can 101%, off Vs, and Westinghouse Electric 65%, unchanged. Utilities came back to the previous close. Oils were steady around the previous close, despite further price advances In Oklahoma.

Bank Clearings

INDIANAPOLIS STATEMENT —July 23 — Clearings $3,392,000.00 Debits 6,155,000.00 CHICAGO STATEMENT —Julv 23 Clearings $54,100,000.00 Balances 7.100,000.00 TREASURY STATEMENT —July 23 - Net balance for Julv 21. .$327,987,558.75 Expenditures 3.944,347.55 Customs rects. mo. to date 22.491.189.70

New York Bank Stocks

(Bv Thomson A- McKinnon) —July 22 Bid. Ask. America 43 45 Bankers 94% 97% Brooklyn Trust 385 400 Central Hanover 215 220 Chase National 68% 71 % Chatham Phoenix Natl.... 62% 65% Chemical 45% 47% Cltv National 79 83 Corn Exchange 95 97 Commercial 246 257 Continental 21 24 Empire 45 48 First National 3.570 3.770 Guaranty 449 454 Irving 31% 33% Manhattan & Cos 694a 72% Manufacturers 43% 45% New York Trust 142 147 rubllc 47% 50%

Net Changes

By United Press NEW YORK, July 22.—Closing prices and net clianges on principal stocks traded today on the New York Stock Exchange: oa. Alaska Juneau 14% % American Can 101% 4% American fc Foreign Power ... 28’* 2 American Telephone 176% 2% Auburn 167 4% Bethlehem Steel 44% 2% Case *'•* J 1 * Chrysler 22% 1 Consolidated Gas 93% 2 Fox Film A 16% % Oeneral Electric 41% 1% General Motors 37% % International Nlc 14 % International Tel 30% 2 Kennecott 18% % Loewcs Inc 44% 1% McKeesport Tin Plate 79% 3% Montgomery Waed *% IV. North Amn 68% 1% Public Service 80 1 Radio Corporation 17% 1% Sears Roebuck 55 1% Standard Oil New York 18% % Texas Corporation 23 %■ % United Aircraft 37% 1% United Corporation 22% % United Gas Improvement 29 1 fj S Steel 94% 3% Vanadium 39% 2% Westinghouse Elec 65% 2% Worthington Pump 49 2

New York Curb Market

(Bv Thomson & McKinnon —July 23 II :30i 11:30. Alum Cos of Am 118%,Nat Inv 5 Am Gas & Elec. 66 INewniont Min. 30% Am Sup Pwr .. ll l a Penroad 6% As s Gas & El A 13% Shenandoah .... 4% Braz Pwr & Lt 19% So Penn Oil 13% Cities Serv .... 10% So Union Gas . 7% Elec Bnd 8h .. 37% Std of Ind 27% Ford of Can ... 16% Un Gas 6% Ford of Eng ... 11% ITn Lt Pwr... 30% Goldman Sachs 6% Un Verde 9% Gulf Oil 58 Ut Pwr B 8 Hudson Bay ... 4% vacuum oil .... 44 Int Pete 13 United F*ndrs... 5% Midwest Ut 17% New York Liberty Bonds —July 22 4th 4%6 104.30 Treasury 4% 113 11 Treasury 4a .... 108.26 Treasury 3H of '43 iMarch) 102.27 ■AW BCGAR TRICES —July 22High. Low. Close. January l.gs i. SJ j .55 M*rch 1.59 1.55 1.59 M*v 165 1.61 1.85 V $ \£ $ tl M L4* IM IM

New York Stocks 'Ry Thomson & McKinnon> 1

—July 23 — Railroads— Prev. High, Low 11:30 cioae. Atchison 181 160’a 161 164 Bail & Ohio 56% Chess & 0hi0... 34% 34% 34% 35* Chess Corp 31% Chi Grt West $% 6Va Chi N West 29-a 30 C R I & P 40V* 40 40 1 /. 41 Del & Hudson 123 124% Erie 20 Va 20 Vs Erie Ist Dfd.. 32% Great Northern 47 Illinois Central 43 Lou & Nash 7si% M K <fc T 14% Mo Pacific Did 66% N Y Central... 84 62% 83% 84-* N Y N H Si H <OVa 70 70 72% Nor Pacific 33’/a 38 Norfolk <fc West 172% 1.2 172 1.3 O & W 12 12% Pennsylvania .. 46% ... 46% 46% Bo Pacific 81 Southern Rv 30% 31 St Paul 5% 5% 8i Paul Did.... 9% 8% 9% 9% St L ii S P 18 18% Union Pacific ...162 180% 160% 162% Wabash 12% ... W Maryland 12% 13 West Pacific 8% Equipments— Am Locomotive 18 Am Steel Fd 16% 16% Gen Am Tank 58 General Elec 41% Pullman 37% 37 % Westineh Ar B 26 Westinzh Elec... 65% 64% 64% 00% Rubbers— Fisk % % Goodrich 13 Goodyear 39% 39% Kelly Sprefld 2% 2% Lee Rubber 3% 3% 3% 3% U S Rubber 14% .14% 14% 14% Motors— Auburn 166 163% 163% 167 Cbrvsler 22% 22 22 Va 22% Gardner Va ... Graham Paize 3% General Motors. 37% 36% 37% 37% Hudson 13% Hupp 7 6 Vs 7 7 Mack 3IV* 31 Va Nash 27% 27% Packard 7 Vi 7% 7% .Va Pierce-Arrow 13 Studebaker 17% 17% 17% 18 Yellow Truck ... 8 7% 8 7% Motor Access— Bendlx Aviation 20% 20% 20V* 20% BOre Warner 19 19 Briees 13% 13% f3% 13% Burid Wheel ... ... 9% Campbell Wv 11% Eaton 15 14 Vs 14% u Haves Body ... 3% Houda ... 4Ve Soarks-W a : a Stewart Warner.. 11% 11 11 li Timkin R 011.... 34% 34 34 ot% Mlnlne— Am Metals 11% 11 Vs Am Smelt - 33 83% Anaconda Cod... 25% 24% 2o 25% Cal & Hecla 7 Cal & Aria 40% 41 Cerro de Pasco 17 17 Dome Mines 11% 11% Freeport Texas.. .. 26% Granby Corp 14% Great Nor Ore 19 Howe Sound..... 19% Int Nickel 13% 13% 13% ... Kennecott Cod.. 18% 18% 18V* 18% Miami Copper 6% Nev Cons 9% 9% 9% 9Vs Texas Gul Sul.. 34% 34% 34% 35 Oils— Atl Reflnine 15% 16 Barnsdall 3% 8% Houston 8% Indian Reflnine 2% Ohio Oil 10 10 Mex Sbd 15% 15 15 15 Mid Conti 9% 10% Phillips 8% 8% 8% 8% Pr Oil & Gas 10% Pure Oil 8 Richfield 1% 1% Royal Dutch 28% Shell Un 6% 6% Simms Pt 6% Sinclair 10Vs 10% 10% 10% Skellv 5% Standard ol Cal 37 36% 36% 37% Standard of N J .. ... 38% 38Vs Standard of NY 18 17% 17% 18% Texas Cos 23V2 Union Oil ... .... 26% Steels— Am Roll Mills.. 21 Vi 21% 31% 21% Bethlehem .... 44% 43% 44% 44% Byers A M ... 31% 31% Cruc Steel 42 43% Ludlum 11% Midland 17% 17% Newton 9'i Repub I & S ... 14 14% U S Steel 93% 93% 93 94% Vanadium 29% 29 29% 29% Tobaccos— Am Sumatra 8 A Tob A (new) 121 A Tob B (new) 123 122% 123 124% General Ciear 37 Lie & Myrs B. 73% Lorillard 20Vs Reynolds Tob 50% 51 Tob Pr A 10 Vi Tob Pr B 3Ve United Cie 5 4 T /s 5 .5 Utilities— Abitibi 4% Adams Exp 15 15% Am For Pwr 28% 28% 28% 28% Am Pwr &Li ...175% 175% 175 Vi ... Col Gas & El ... 30% 30 30% 30% Com & Sou BVi BVi El Pwr LI 38% 37% 38V* 38% Gen Gas A 4% 4% Inti TANARUS& T 30% 30Vi 30% 30% Natl Pwr & LI.. 24% 24V* 24% 24% No Amer Cos 68% 68 68 68% Pac Cins & E 1... 45% 46% 46% 47% Pub Ser N J .... 79% 78% 79 80 So Cal Edison... 14% 14% 14% ... Std G & El 62 Vi 63 Vi United Corp ... 22% 23 22% 22% Ut Pwr LA... 23% 22% 22% 23 West U. on 115 •Shipping— Am Inti Corp ... 14% 14% 14% 14% No Gra Lloyd 16 United Fruit . 58’% 58Vi Foods— Am Sue 57 57% Armour A 2 2 Cal Pke 23% Can Dry 39 Childs Cos 20% Coca Cola 144% Cont Bakine A.. .. ... ... 14 Corn Prod 66% 66% 66% 66% Cudahy Pke 41 Cuban Am Sue 5% Gen Foods 49% 49 49 48% Grand Union 16% Hershey 94% Kroger 30 Vi Nat Biscuit 60% 60% Puritv Bak 29% 29 Safeway St ... 57% 57% Std Brands 17% 17% Times — Cotv Inc ... 7% 8% Lambert Cos .. ... 66V* 67% Lehn A Fink 26% 26%

Produce Markets

Eggs (country run)—Loss off delivered In Indianapolis. 12c: henerv aualitv. No. 1. 14c: No. 2. 9c. Poultry (buying prices)—Hens weighing * lbs. or over. 16c: under 6 lbs.. 15c: Leghorn hens. 12c: 1930 broilers, full feathered 2 lbs. and up. 21c: under 2 lbs.. 19c: bareback. 12c: Leghorn broilers. 18c: ducks. 9c: old cocks. B@9c: ducks, full feathered, fat whites. 9c: geese. 6c. These prices are for No. 1 top aualitv. quoted bv Kineap * Butter (whwole-sale)— No. 1. 27@28c: No. 2. 25@26c. Butterfat —24c. Cheese (wholesale selling price per pound)—American loaf. 22c: pimento loaf. 24c: Wisconsin firsts. 18c; Longhorns. 18c: New York llmbcreer. 30c. By United Press NEW YORK. July 23—Potatoes—Market. ouiet and steady: Long Island, $2 25 ®2.50; New Jersey. $2.10®2 15; southern. 75c® $2.25. Sweet potatoes—Market easy; Jersey baskets. [email protected]: southern barrels. ss® 10: southern baskets. $1.75®3.75 Flour—Market. dull and unchanged: spring patents. $4.35®4.55. Pork—Market ouiet: mess. $22.25 barrel. LardMarket. steadv: middlewest spot. ,08iit.081c per lb. Tallow—Market, ouiet; special to extra. 3%®3%c. Dressed poultry—Market ouiet. and steadv; turkeys 25®50c; chickens, 22®40c; broilers. 23®38c: fowls. 12® 25c: Long Island ducks. 13®18e. Live poultry—Market, steady; geese. 10® 12c: ducks. 12®21c: fowls. 18®24c; turkeys. 12 ®2sc: roosters. 15®i6c: broilers. 18®33c. Cheese—Market, quiet and firm; state whole milk, fancy to special. 13%23c; young America 14%®19%c. By United Press CHICAGO, July 23.—Eggs—Market, steadv; receipts. 8.110 cases; extra firsts, 20®31%c; firsts, 13%c; current receipts, 15® 17c: seconds. 12® 14c. Butter—Market, weak; receipts. 10,697 tubs; extras. 23%c; extra firsts. 22%®23c; firsts. 21®22c: seconds. 19@20c; standards, 23%c. Poultry— Market, steadv: receipts, 2 cars; fowls. 20®21c: springers. 25(.j:27c; Leghorns. 14c; ducks. s>®l6c; geese, 14c; turkeys. 15® 18c: roosters. 12c; broilers. 2 lbs.. 22®24c; broilers, under 2 lbs.. 21®22e; Leghorn broilers 19%®20c. Cheese—Twins, 13® 13%c; Young Americas. 13%®13%c. Potatoes—On track, 298; arrivals. 67; shipments, 19% ®"2oc. Cheese—Twins, 13® 13%c; Young Americas, 13%®13%c. Potatoes— On track, 298: arrivals, 67; shipments. 597: market, dull: Kansas_ and Missouri sacked Irish Cobblers, $1®1.10; Virginia sacked Irish Cobblers, $1 45: East Shore Virginia barrels, Irish Cobblers, $2.25®2.40. By United Press CLEVELAND. July 23.—Butter—Extras, 27%c: standards, 27%c; market, weak. Eggs—Extras. 22%c; firsts, 18®18%c; market. weak. Poultry—Heavy fowls, 20®21c: medium, 20c: Leghorn. 13®16c; heaw broilers. 23®29c: light broilers, 17®21c; ducks. 12.115 c; old cocks. 12c; geese, 10® 15c; market, steady. Potatoes—Virginia cloth ton stave barrels, spring Cobblers, mostly $2.40®2.50: Louisians bushel, trade United States, $1.25. Chicago Stocks Opening (By James T. Hamill & Cos.) —Julv 23 3endix Avia 20%,Nat'l Sec com 70 Borg Warner... 19 N Am P& L. 67% Cent So Wst... 17 :Nob Sparks... 42% Cent Pu Serv A 11% Swift & Cos 26 Cord Corp 8 ju S Ra & Tel.. 24% Cont Chi com.. 5 Ut & Indus ccm 5% Insull com 29% Ut A: Indus old. 17% 'Ko K PI Lne... 4%Waigreen Strs.. 17 Middle West ... 18 Other Livestock By United Press -nn ITT SBURGH. July 23 —Hogs—Receipts, 300. market. 10'Y2ac higher: 150-210 lbs $8.10(98.30: 220-250 lbs . $7.50® 8 260-320 lbs.. $6 85 5 7.35: 100-140 lbs.. $7 65® 8-me-dium and good packing sows. 54.75®5 50 Cattle—Receipts. 15: market, nominal. Calves—Receipts. 130: market, slow, about steadv; better grade vealers. s7®9: common and medium. 54.25®6.50 SheepReceipts. 1.000% market, steady; better grade lambs, $8(88.60: buck lambs. $6.75® 7.60: aged stock, scarce; quoted steadjr.

Industrials— Am Radiator 13% 13% Ceriatnteed 5% ... Gen Asphalt 22 Otis Elev 43% 43 Indus Cbrmi— Allied Chem ...118 116% 117 118% Com Soiv 16% 16% 16% 15% Union Carb 49% 49V* 49% 50% U 8 Ir.d Alco 29% Retail Stores— Assoc Drv Gds.. 18% 18% 18H 19 Gitr.be! Bros 6 Kresee S S 36 % 26% Mav D Store 33% 33 a Mont Ward ... 19% 19% 19% 19% Penny J C 33% 33% 33% 33 va Sears Roe 55 54% 54% 55 Woolworth .... 67% 67% 67% 63 Amusements— Col Graph ... 8% Eastman Kod.. 143% 142 142 144 Fox Film A 16% 16% 16% 16% Griesbv Grunow 3% Loews Inc .... 44% 44% 44% 44% Param Fam .... 23% 23 23% 23% Radio Coro .... 17% 17 s , 17% 17% R K 0 14% 14% 14% 14% Warner Bros .. 7 6% 6% 7 Miscellaneous— _ , City Ice A; Fu *. 32% Coneoleum 12% 12% 12% 12% Amer Can 102% 101% 101% 101% Cont Can 49% 49% 49% 49% Curtiss Wr .... 3% 3% 3% 3Va Gillette S R.... 20% 20% 20% 21 Real Silk r 7 Un Aircraft.... 27% 27% 27% 27% Int Karv 42%

The City in Brief

Professor C. H. Walters led the play production class of Butler university summer school backstage at the Lyric theater today to get practical knowledge of modern vaudeville stage work. While rain helped growing things Wednesday, it dampened the picnic of the Indiana Florists’ Association at Walnut Gardens. Dinner was served in the shelter house. Charles H. Grakelow of Philadelphia, nationally known florist and welfare work leader, addressed the Kiwanis Club Wednesday at the Claypool. A Kiwanis state interclub golf tournament will be held today at the Speedway course. Dr. Max Bahr, superintendent of i the Central Insane hospital, will address the Exchange Club Friday noon at the Lincoln. Miss Maretia A. Bell, member of the Grace M. E. church, will be graduated from the Moody Bible institute, Chicago, Aug. 6. In the Air Weather conditions at 9 a. m.: West wind. 9 miles an hour; temperature, 78; barometric pressure 29.70 at sea level; ceiling, unlimited; visibility, ten miles; field, good. Post, Gatty End Hop By United Press SPRINGFIELD, Mass., July 23. The round-the-world monoplane Winnie Mae, with Wiley Post and Harold Gatty aboard, landed at Springfield airport today after a forty-five-minute flight from Boston. Delay Pacific Hop By United Press SEATTLE, July 23. —Adverse weather conditions over Alaska caused Reginald Robbins and Harold Jones to postpone today their second attempt to fly from Seattle to Japan. The monoplane Ft. Worth with its new 425-horse power motor and enlarged fuel capacity, may take off Friday or Saturday, the fliers said. Flying Priest Hops By United Press NORTH BEACH, N. Y., July 23. The Rev. Brother George U. Feltes, flying missionary, left Curtis airport here at 10:20 today for San Francisco on the first leg of his proposed flight to Alaska, where his plane is to be used in missionary work. He expected to make his first stop at Buffalo, N. Y.

Cites Service Need By United Press WASHINGTON, July 23.—The aviation industry needs less propaganda and more intelligent service by air transport lines, Senator Hiram Bingham said today in opening the annual convention of the National Aeronautic Association. Four recommendations for improvement of air passenger service were made by Bingham, who is president of the association. Regular and frequent schedules in close harmony with railroad lines. More comfort for passengers, including reduction of noise so that conversation can be carried on as readily as on a train. As low' rates as possible. Better service and facilities at airports located as near the center of cities as possible. Births Bovs Gus and Marv Horton. 732 Woodlawn. James and Marv Beckwith. 2527 North Temple. George and Kathleen Jackson. 1510 Bradburv. Elmer and Alberta Storms. 105 Greely. Anthony and Marjorie Smith. 1005 East Maryland. Gerald and Mozella Glover. 2517 Northeastern. Bvron and Mary Heflin. 439 East Vermont, Isaiah and Elizabeth Bridgeforth. 1635 North Arsenal Richard and Susan Powell. 1748 Harvey. John and Elizabeth Williams. 919 Bates. Robert and Naomi Hurt. 422 West Fortieth. Edward and Charlotte Ditchlev. 1329 Lexington. Girls Joseph and Florence Smith. 515 Exeter. Calvin and Hazel Poe. 2618 North James. John and Elsie Gose. 810 Park. James and Charlotte Collins. 548 Birch. Owen and Clemmie Simpson. 578 Jones. Wil'iam and Jimmie Allison. 1450 Martindale, Orville and Ruth Trotter. 548 South Warman. Deaths Ruth Elliott. 30 Methodist hospital, pulmonary embolism. Fred J. Wischmeyer, 47. 2216 Bethel, arterio sclerosis. Marion F. Abell. 76, 1115 Hoyt, mitral insufficiency. John H. Irish. 86, 2138 Barth, arterio sclerosis. George L. Colburn, 79. 3121 North Illinois, arterio sclerosis. Granville Emery Yount, 39, Long hospital appendicitis. Elizabeth Youtz. 74. 3107 North Capitol, carcinoma. Catherine M. Fennell. 65. 1039 High, cerebral hemorrhage. Gifford Ridge, 74, £2O East Vermont, arterio sclerosis. Jenett R. Kenney. 4 months, 701 South Missouri, inanition. August Wacher. 82. 2663 Riverside Drive, carcinoma. Howard N. Van Horn. 71, city hospital, cerebral hemorrhfge. DEPUTY” UNDER ARREST Three Negroes Pinched on Gaming Charges After Complaint. Three Negroes, one a deputy sheriff, were held on gaming charges today, after a raid prompted by story of another Negro that he lost $47 in a craps game in a softdrink saloon at 316 Indiana avenue. Deputy Sheriff John Brewington, George Abrahams and John Neeley were charged with keeping the gaming house, while eleven other Negroes were arrested on charges of visiting. John Moorman. 550 North Senate avenue, Ap&rtJaent 17, made t.fin rr'mplniflfr,

THE INDIANAPOLIS TIMES

GOOD DEMAND SENDS PORKER PRICESJIGHER Lightweights Show Most Strength; Top Price Is SB. July. Bulk. Early Top. Receipts. 16 $7 307i 7.90 $7.90 4.500 ; 17. 6.7544 8 15 8.15 4.500 18. 6.50'& 7.85 7.85 1,500 t 20. 6 40's 7.85 7.85 3.500 j 21 6.40 (Hi 7.75 7.75 4.500 ! 22. 6.40® 7.75 7.75 4.000 23. 6.40® 7.90 8.00 3.500 I Unevenness characterized hogs at the city yards this morning with j the extreme range steady to 25 j cents above Wednesday’s average. : Light weights were most in dei mand. The bulk, 140 to 300 pounds, ! sold for $6.40 to $7.90. Today's top i was SB. Receipts were estimated at 3,500; holdovers were 201. Cattle were unchanged, receipts | numbering 600. Vealers sold up 50 cents, ranging from $8 down. Calf receipts were 600. Sheep were active and strong. The bulk sold at $7 to SB. A few ewe and wether lambs sold up to $8.25. Top price paid was $8.50. Receipts were 2,000. Chicago hog market held around 10 to 15 cents higher than Wednesday’s average in early deals. Good to choice hogs weighing 180 to 210 pounds were bid at $7.60 to $7.70. j Heavyweights from 225 to 250 pounds sold at $7.20 to $7.55. Re- | ceipts were 14,000, including 2,000 direct. Holdovers, 8,000. Cattle re- ! ceipts were 5,500. Calves, 2,000; market steady to 25 cents higher. : Sheep receipts were 10,000, market i around 25 cents higher.

HOGS Receipts, 3,500; market, hieher. —Light Lights—-(l4o-160) Good and choice $ 7.25@ 7.50 —Light Weights— I (160-180) Good and choice.... 7.90® 8.00 (180-200) Good and choice.... 7.90® 8.00 —Medium Weights—-(2oo-220) Good and choice 7.75® 7.95 (220-250) Medium and good.. 7.20® 7.75 —Heavy Weights—-(2so-290) Good and choice... 6.55® 7.15 (290-350) Medium and g00d... 6.10® 6.55 —Packing Sows—-(27s-500)Medium ana g00d... 4.00® 5.25 (100-130) Slaughter pigs 7.00 CATTLE (Slaughter Class) Receipts. 600; market, steady. —Steers — Good and choice .$ 7.50® 8.75 Common and medium 5.00® 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® 8.75 Common and medium 4.50® 7.50 —Cows— Good and choice 4.25® 5.50 Medium 3.25® 4.25 Cull and medium 1.75® 3.25 —Bulls (yearlings excluded)— Good and choice beels 4.00® 4.75 Cutter, common and medium.. 2.75® 4.00 CALVES AND VEALERS Receipts, 600; market, highee. —Vealers— Good and choice $7.50® 8.00 Medium 5.50® 7.50 Cull and common 3.50® 5.50 '■—Calves—-' Good and medium 4.50® 6.50 Common and medium 3.00® 4.50 STOCKERS AND FEEDER STEERS Good and choice 5.00® 7.25 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. 2,000: market, higher. Good and choice $ 7.25® 8.50 Common and medium 4.50®! 7.25 Ewes, medium and choice 1.75® 3.25 Cull and common I.oo® 1.75 Other Livestock By United Press CHICAGO. Julv 23.—Hogs—Receipts. 14,000, including 2.000 direct; 10® 15c higher on best kinds below 250 lbs.; packing sows 10®25c up; bulk 170-220 lbs.. *[email protected]; top. $7.75; 230-300 lbs. $5®7.55: pigs, [email protected]; packing sows. $4.40®'5.ti5; light lights. 140-160 lbs., good and choice, $7.15®7.60; lightweights. 160-200 lbs., good and choice. $7.40® 7.75; medium weights. 200-250 lbs., good and choice. $7®7.75: heavyweights. 250-350 lbs., good and choice. $5.40®7.25; packing sows 275®500 lbs., medium and good, [email protected]; slaughter pigs. 100-130 lbs., good and choice. $6.50® 7.25. Cattle —Receipts. 5.500; calves. 2.000: fed steers and yearlings fully steady: plain killing quality considered; demand broadest for better grades, supplies such kinds small; other classes uneven; she stock steady to weak: bulls i weak: vealers 25®50c higher: light fed heifer yearlings. $8.85. Sheep—Receipts, 10,000; fairly active to packers; mostly steady; no strictly choice lambs here; desirable natives. $7®7.50 .early; best held higher; rangers unsold, around 94-lb. yearlings. $6.25: slaughter sheep and lambs: Lambs, 90 lbs. down, good and choice. [email protected]: medium. $5.2547 6.75; all weights, common. $4®5.25: ewes. 90150 lbs., medium to choice, $1.75® 3.50: ail weights, cull and common. sl@2: feeding lambs. 50-75 lbs., good and choice ss® 5.75. By United, Press CLEVELAND. July 23. —Hogs—Receipts, 1.000: holdover. 82: steady to 10c higher: 25c un on pigs: but heavy weights still dull; spots, lower: 160-230 lbs. sorts, medium 190-lb. averages and most pigs. $7.75; 240-250 lbs.. $7.60: 250-290 lbs.. $7.10: 300310 lbs.. $6.50476.75 mostly; pigs, $7.75 down. Cattle—Receipts. 300: steers, quality slightly improved, but still less on fresh and holdover steers valued io sell, $7.40 downward: medium. 586-lb. heifers, $7: nearby steady; odd choice light steers. $8.75: low cutters to medium cows. s2@ 4.75. Calves—Receipts, 400; steady lualitv and sorts considered: bulk desirable vealers. $9479.50: medium around $8; little under $7. Sheen —Receipts, 400: steady; nearly good lambs, largely $8 downward; choice absent: sheep, strong: fat ewes. [email protected]; few mixed ewes and wethers, $4. By United Press EAST ST. LOUIS. HI.. July 23. Receipts. 6.500: market uneven. 104725 c higher: ton $7.90: most 150-225 lbs.. $7.75 45 7.50: 230-250 lbs.. $7.354?7.70; 260-300 lbs.. $6.75® 7.25: 325-lb. hogs at $6.50: 100-140 lbs.. [email protected]: sows. $4.50® 5.50. Cattle—Receipts. 2.000: calves, receipts. 1 000: market, vealers 50c higher at $8.50: bulls steady to 25c lower; other classes steady with not enough native sters on sale to make a market: one car 950-lb. yearlings. $8.90: four cars western grassers. $5.15476.25: top medium bulls, $4.25. Sheep—Receipts, 3.000; market, packers bidding steady or around $7 for desirable lambs; mostly asking higher. By United Press LAFAYETTE. July 23.—Hogs—Market steady to 25c higher; 160-180 Tbs.. $7.75; 180-200 lbs. $7.65: 200-210 lbs.. $7.55: 210220 lbs.. $7.50; 220-230 lbs.. $7.35; 230-240 lbs.. $7.20; 240-250 lbs.. $7.50: 250-260 lbs., *6.85: 260-270 lbs.. $6.70: 270-280 lbs.. $6.55; 280-290 lbs.. $6 49: 290-300 lbs., $6.25: 300325 lbs.. $6: 140-160 lbs.. $7; 120-140 lbs.. $6.75; 100-120 lbs.. $6.50: roughs. $4.50 down: top calves. $7: top lambs. $7. FT. WAYNE. Julv 23 —Hogs, 100-140 lbs., $7.10; 140-160 lbs.. 57.25: 160-180 lbs.. $7.60; IV-200 lbs.. $7.70- 200-210 lbs.. *7.60; 210320 lbs.. $7.45; 220-240 lbs., $7.45; 220240 lbs.. $7.30: 240-260 lbs.. $7.10: 60-80 lbs.. $6.85: 80-300 lbs.. $6.60: 300-325 lbs., $6 35: roughs, $4; states. $3; calves, $8; lambs, $7.50. By United Press TOLEDO. July 23.—Hogs—Receipts, 150: market. 10c to 25c higher: heavies. $6.25 ®6.65: medium. s7®7 50: Yorkers $7.25® 7.50; pies. 57.25®7.50. Cattle —Receipts. 125: market, steady. Calves—Receipts, light; market, steady. Sheep—Receipts, light: market, steady. By United Press EAST BUFFALO. Jujv 23 —Hogs—On sale. 1.100: weights below 210 active, strong to 10c hieher; others slow: barely steady; bulk desirable. 150-210 lbs.. $8.25®8.35: one load outstanding 215 lbs.. $8.25; 235-250 lbs.. $7.25®7.50: others below 140 lbs.. sß® 8.10. Cattle—Receints. 150: vealers. steady. $9 down. Sheen—Receipts. 250: lamb', active and steady to 25c higher: good to choice, leniently sorted. $9®9.25: bucks and medium kinds. $8®8.50; throwouts, $6.75®7.25. By United Press CINCINNATI. 0., July 23.—Hogs—Receipts. 1.400: held over, 500: moderately active, steady to 5c higher; weights above 225 lbs., very uneven; spots up more; better grade 170-225 lbs.. 584F8.15; mostly 58.15 on 220 lbs. down; 230-260 lbs.. $7 25® 7 85: 275-290 lbs.. 56.75®7; 320 lbs. down to $6.50; light lights, scarce; most 120-160 lbs. sold earlv, $7.50: later bids $7.75: a few sows. $4 50 ® 4.75. Cattle—Receipts. 300: calves, 300; supply very light; steers and heifers receiving little more action at steady to strong prices: heifers 25c higher in spots; odd lots common to medium gras'ers. ss®7: a few better finished kind. $7.2547 8; other classes, steady; a few beef cows. 53.75®4.75; low cutters end cutters. $1.75®3.50; bulls, mostly $4.50 down: top. $4.75: vealers full steadv; good and choice. s7®B; lower grades. $7 down. Sheep—Receipts. 3.700: better grade lambs active, strong to 25c higher; better grade ewe and wether lambs, mostly $9®9.50; two decks or more of choice, around 75-lb. averages. $9.75: lower grades of sheep steady; most throwout lambs, $5.50® 6.50; light skips downward to $4; bocks, $6.50®!; tat awes, s3®3^o.

BELIEVE IT or NOT

WHERE MOTHIHG (S BOUGHT OR SOLD A WALL ID CUV WHERE NO MB£ilEi/£R. IS ALLOWED APTER SARK. {iVintYtJP “Vk HAS ATTENDED SUNDAY SCHOOL for the last 1365 Sundays in succession water fj 01 *^ EAThER ‘ WATER IS THE ONLY SUBSTANCE WHICH IS LIGHTER M&zA 30 YEARS* in its Solid form than in liquid form 7 jgjß> nclu*** © 1931. King Features Syndicate. InC- ftreat Britain reserved.

Dow-J ones Summary

Packard Motor Car Company declared a regular auarterlv dividend of 10 cents for the third quarter, payable Sept. i2, ox record Aug. 15. Montgomery Ward & Cos. reports for quarter ended June 30, profit of 8407.706 compared with loss of 5185,473 in like quarter of 1930. Six months ended June 30, loss was $1,375,968. against $2.003,733 in like period of 1930. New York Cables opened in London ,at 4.84%. against 4.84 3-16; Par’s checks. 123.37: Amsterdam, 12.035; Italy, 93.65. Berlin. 20.75. Loose-Wiles Biscuit Company and subsidiaries in si xmonths ended June 30. net profit $1,067,433 after depreciation, interest and federal taxes, but before appropriation for sinking fund requirements, against $1,010,752 in first half of 1930. June quarter net profit $551,690. against $450,702 in June quarter of 1930. American Alcohol Company raises price of denatured alcohol one cent a gallon to 25 cents in tank cars and 28 cents In drums and carload lots. Air Reduction Company June quarter earnings $1.22 a share in 841,277 shares, against $1.21 in preceding quarter and $1.72 a share on 791.781 shares in June, 1930 auarter. Six months $2.43. against $3.54 in first half of 1930. National Cash Register Company June auarter consolidated net profit 72 cents a class A share, against net loss of $373,183 in preceding auarter and profit of 65 cents a class "A’ share in like period of 1930. Six months earnings 41 cents a share, against $1.41 in first half of 1930. Penick & Ford Ltd. Inc. second auarter profit $284,417 after depreciation, etcbut before federal taxes, against $347,447 in preceding quarter and $384,605 in like 1930 period. Six months 5631.864, against $1,001,032 in first half of 1930. June gross of Minneapolis & St. Louis Railroaa amounted to $930,711, against $1,048,219 in June. 1930, and net operating revenue after expenses of $142,318. against $176,771. Pere Marquette June deficit after charges of 3104,165. against surplus of $201.3(7 in June. 1930. Six months deficit after charges $751,994. against surplus of $1,075,422 in first half of 1930. Bayuk Cigars. Inc- June quarter earnings $135,125 after depreciation, federal taxes, etc- against $164,344 in like period of 1930. Six months $193.377, against $397,667 in first half of 1930. Niagara Hudson Power Corporation and subsidiaries in June quarter net 11 cetns a share against 14 cents in like period ol 1930. Six months 25 cents against 32 cents in first half of 1930. Twelve months June 30 earned 52 cents, against 60 cents in preceding twelve months. Anchor Cap Corporation and subsidiaries in second quarter earned 88 cents on common stock, against 61 cents in previous quarter, ana $1.28 in like 1930 period. Six months $1.40 a share, against $2.04 in first haif of 1930. Freight loadings in the United States ir. week ended July 11, totaled 763,581 cars, an increase of 95,702 over preceding week, which included July 4, holiday, but 152,404 below like week in 1930, and 302,833 below like 1929 week, according to American Railway Association. General Motors in June quarter earned $1.22 a common share, against 61 cents in previous quarter, andSl.77 in June, 1930, quarter. Six months $1.83, against $2.15 in first half of 1930. International Securities Corporation liquidating value of Class “A” common on May 31, amounted to $11.73 a share, on June 30, 1931, $16.61 a share, and on May--31, 1930, $35.53 a share.

Investment Trust Shares

ißv Gibson & Bernard) PRICES ARE TO 12 NOON C. S. T. —July 23Bid. Ask. Amer Found’s Corp Com 3% 3% Am & Gen Sec “A" 13 Am Inv Trust Shares 4% 5 Basic Industry Shares 4% 5% Corporate Trust Shares ...... 4% 5Va 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 N Y 6% 7% Leaders of Industry Series A 6% ... Nation Wide Securities 5% 6% National Industry Shares ... 5% 5% N Am Trust Shares 4% 5% Sel Am Shares 4% 5 Shawmut Bank Inv Trust ... 7% ... niversal Trust Shares 4% 5% Super Corp of Am Trust Sh A 5% 6% Fundamental Trust Shares A 6% 6% Fundamental Trust Shares B 6% 7 U S Elec Light & Pwr A ... 28% 30% NEW YORK COFFEE RANGE —July 22High. Low. Close. March 6.03 6.06 6.08 Mav 6.20 6.12 6.18 September 5.62 5.58 5.62

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

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: The Rifle That Was Sentenced to Death—ln an involuntary homicide case involving Squire Drun, Judge Hopfer (or Hopper) sitting in the sheriff’s court at Edinburgh in 1782, absolved the squire, but convicted the rifle with which the deed was perpetuated. The sentenced of the court was that the life of the rifle be forfeited to the crown, and in addition a monetary fine was assessed against the unlucky firearm. The rifle was publicly destroyed in conformity with the sentence. The Man Who Wore the Same Boots for 71 Years—Jacob Miller, 93 years old of Pleasant Hill, Mo., is still wearing a pair of boots made for him by John Housworth of Mifflinburg, Pa., before .the Civil war, and they still have the original soles and heels. Mr. Miller has worn them at least y once a week ever since he purchased them, and has worn them every day for the last four years—but they remain in good condition and are good for long wear yet. Friday: “The Singing Guinea Pig.” KELLOGG IN WiLL FIGHT Battle Creek Sanitarium Head Vies for Henderson Millions. By United Press WASHINGTON, July 23. Dr. John H. Kellogg of Battle Creek, Mich, today entered the fight for the Henderson millions. Mrs. John B. Henderson, who left six wills and a complicated legal situation behind her when she died at her Bar Harbor summer home last week, was a follower of many principles enunciated b ythe Michigan health specialist. In one of her earlier wills she promised to leave most of her estate to Dr. Kellogg and his sanitarium. The final testament bequeathed the bulk of her property to a niece and nephew. Kellogg has retained an attorney to protect his interests. DAWES MUM ON DEBTS U. S. Ambassador, En Route to London, Refuses to Comment. By United Press NEW YORK, July G. Dawes, American ambassador to the court of St. James, who was aboard the Alauretania today en route to London at the request of President Hoover, declined to comment on the international debt conference at London, but eagerly scanned late newspaper reports of *he negotiations.

Local Wagon Wheat

City grain elevators are paving 39c for No. 2 red wheat and 37c for No. 2 hard wheat. Marriage Licenses William R. Wilhoit. 22, Greensburg. moulder, and Mav Elizabeth Kelley, 17. of 940 Elm street, housekeeper. Irving E. Reibel. 26. 958 North Pennsylvania street, clerk, and Virginia E. Baumann. 26. ol 5015 Winthrop avenue, cashier. George C. Byrne .25. of R. R. 1 Box 230-A. plumber, and Oravell Bohall. 23. of Greenwood. R. R 2. Box 161. David Finkbeiner, 47. 126 W T est Ohio stret. carpenter, and Doris Baird. 32. St. Denis hotel, domestic. Building Permits Ralph White, veiling and garage. 5520 East Michigan. $3 350. Indianapolis School Cltv. repairs. 3400 North Pennsylvania. $2,435. Frank E. Gates and Son. garage. 3605 Forest M':ncr. S3OO. Frank E. Gates and Son. dwelling and garage. 3617 Forest Manor. 53.500 H. L. Waterberg. alterations and repairs. 249 West Forty-fourth street. $750. Indian Refining Company. 25 signs In citv. SSOO.

I-C it Registered 0. ft. Iw V Patent Office RIPLEY

Bright Spots of Business

By United Press NEW YORK. July 23.—Proctor and Gamble Company reported earnings for the fiscal year ended June 30 at $22,650,818, an increase of more than $200,000 over the earnings of the previous fiscal year. General Motors Corporation reported earnings for the second quarter of 1931 equivalent to $1.22 a share, against $1.17 a share in the corresponding 1930 period. Car loadings in the week ended July 11 increased nearly 96,000 cars over the previous week, more than making up the loss of the preceding week, which included the July 4 holiday. American Petroleum institute estimates the second half of 1931 would show an increase of 3.7 per cent in demand for gasoline. PARROT LEAVES HOME, BUT HOLDS TONGUE Refuses to Tell Bluecoats Where He Lives; Takes No Chances. A certain parrot believes he has more sense than most culprits who ceme face tp face with a badge and a blue uniform. Apparently he thinks what he does not tell the possessors of the uniforms will not be held against him. Despite their entreaties to him to tell where he lives, a parrot who Monday flew to fire engine house No. 20, on Beville avenue, between New York and Michigan streets, still is silent today. Firemen who caged him say they will hold him until the owner appears. They believe he escaped from a cage somewhere in the neighborhood. Arrest Follows Fatal Crash RICHMOND, Ind., July 23.—J. B. Davidson, 79, of Centerville, is held in the county jail heer on a charge of reckless driving as a result of an accident Monday night at Centerville in which Mrs. Sarah Elizabeth Blue. 58, was injured fatally. The accident occurred when an automobile driven by Davidson collided head-on with a car driven by E. M. Blue, Centerville contractor. Mrs. Blue was a passenger in the second car. Robber Revives Victim OKLAHOMA CITY, July 23. When Mrs. W 3>cri(inert fainted at the sight of three robbers ransacking her house, one of the bandits obligingly revived her with a glass of water, and then went ahead with his work.

We buy and sell U S Liberty Loan Bonds U S Treasury Certificates U S Insular and Territorial Bonds Indiana Municipal Bonds Indiana Gravel Road Bonds Federal Farm Loan Bonds Joint Stock Land Bank Bonds Fletcher American Company 41 North Pennsylvania Street Affiliated with The Futchb American Nationai Bank

JULY 23, 1931

WHEAT SHOWS LITTLE CHANGE IN DULL TRADE

Corn, Oats Off Fractions at Opening: News Scarce. BY HAROLD E. RATWTLLE United Press Staff Correspondent CHICAGO. July 23.—Wheat was steady as the Board of Trade opened today with only small orders either way. Liverpool was firm on short covering. There was little in the news to inspire traders to take a definite stand. Corn lost a fraction at the start on scattered selling which found support poor. There were only a few scattered showers overnight, mostly in the southwest, but the temperatures were lower. Oats were off with corn. Weather Is BuUisli At the opening wheat was unchanged to % cent higher, com was % cent to % cent lower and oats were off % cent. Provisions were steady in a light trade. Liverpool started weak, but recovered sharply at noon to net a gain of % to ** cent by midafternoon. The solution of the German relief problem even though not fully up to expectations and the continued hot weather without rain are viewed as bullish by the trade. Reports from the Dakotas and Montana are pessimistic and suggest a very light crop, but the large winter wheat crop is thought to offset losses elsewhere. Com Sentiment Bearish Sentiment in corn leans to the bear side, but the trade is not disposed to press the market. July is hard to buy without advancing prices. The cash market is weakening. Growing conditions are appearing somewhat spotty with the government report Wednesday emphasizing the need for rains in lowa and the northwest. Liquidation continues at intervals in oats by disappointed longs, but extreme declines meet support. New oats are arriving in large volume and are acting against the cash market. Chicago Grain Range WHEAT- “ JUly 33 ~ Prev T , High. Low. lrno close! & mu m 1% °cbRN~ “ •"* ' S M Julv 58% .58% .58% 58% Sent .51% .51% .51% .51% D 45 ' 44 * • 447 - 451 * Julv 25% .25% .25% .25% Sent 26% .26% .26% 26% Dec 29 .28T4 .28% .29% RYE—July 35% .35% SeDt 375* Dec. 40% .40% LARD— July 7.75 Seot 7.70 7.80 Oct 7.75 By Times Special CHICAGO. July 23.—Ca riots: Wheat, 551: corn. 289: oats. 26: rve. 2. and barley. 5. STUDY PLAN OF CITY'S NEW HOSPITAL UNIT Data Obtained by St. Louis Trio for $2,000,000 Project. Gathering data to be used in a $2,000,000 hospital building program in St. Louis, three prominent St. Louisans inspected the new unit at city hospital here Wednesday. Leaving with several notes they said would be valuable to them, they complimented Dr. William O. Doeppers on the city hospital and particularly on the out-patient building recently completed. The visitors were Harry L. Salisbury, director of public welfare in St. Louis: Dr. C. H. Loher, hospital commissioner there, and L. R. Bower, chief engineer of the St. Louis city hospital. They came to Indianapolis in an airplane piloted by Joe Reed, superintendent of St. Louis municipal airport. CERMAK WRINGING WET Straddling Dry Issue Won’t Do, Says Chicago’s Mayor. By United Press NEW YORK, July 23.—Chicago’s WTinging wet mayor, Anton J. Cermak, was to lunch today with Governor Franklin D. Roosevelt, and before returning home planned to talk to Alfred E. Smith. “There is one thing for the Democrats to do next year,’’ Cermak declared before visiting Roosevelt, “and that is to adopt a forthright repeal plank. A straddle won't do. And the candidate will have to back up the platform.’* We Buy and Sell Real Estate Preferred Stocks and Bonds ZAISER & ZAISER 703 Fletrher American Building 129 E. Market St.