Indianapolis Times, Volume 43, Number 64, Indianapolis, Marion County, 24 July 1931 — Page 18

PAGE 18

STEEL SALES FORCE STOCK MART LOWER Expected Cut in Dividend Rate of Favorite Is Bear Influence.

Average Stock Prices

. Ayeracc of thirty industrials for Thursflav was 142.(53. un .11. Averaye of twpntv 79.47. off .38. Averaee of twenty utilities was 57.&4, off 09 Averaee of Xorty bonds was 95 60. off 06. { BY ELMER C. WALZER United Press Financial Kdilor NEW YORK, July 24.—Selling was arrested on the stock market before the end of the first hour today, but no progress was made on the upside and prices around noon were off fractions to more than a point in the main body of stocks. At the opening and in the early trading prices gave ground following a break in United States Steel common stock to anew low on the movement. Selling in steel was based on expectation of a cut in the dividend from a $7 to a $5 basis. Steel touched 01%, off 2% points from the previous close before encountering support. Can Is Weak Spot American Can was another weak spot in the early trading, the issue breaking through the 100 level to 93V4, where it was off 2 points. American Telephone, Interborough Rapid Transit and a long list of others declined with steel and can. Around noon Steel was holding at 92. off 1%; American Can 100%, Offi 1 1 i; Interborough, 21 Vi, off 2; American Telephone, 175 Vz, off 1, and Consolidated Gas, 92, off 1. Oil shares held up against the trend in the early trading on firming up in crude oil prices, but this group reacted later with the general list and around noon most issues were down fractionally. Railroad shares were irregular with Roc! Island up nearly a point at 40%. Motor Shares Steady Motor shares were steady on improved earnings in the group. Chrysler, which reported a better second quarter than in 1930, was steady at the previous close of 22%, while General Motors held within Vi point of its previous close of 37%. Coppers sagged off. Foreign markets were steadier than yesterday. German bonds slid lower in London and this was the signal for further selling here. German 7s, which were at 83% in the early trading, fell back to 81%, off l'.i, while the 5%s were oif % at 57 1 i after touching 59. Other German loans were down 1 to' 4 points. Cotton futures lost about $1 a bale.

Bank Clearings

, INDIANAPOLIS STATEMENT . —July 24 Clearings $2,463,000.00 Debits 5,018,000.00 CHICAGO STATEMENT —Julv 24 Clearings $49,600,000.00 Balances 5,000.000.00 TREASURY STATEMENT —Julv 24 Nei balances for Julv 22 $321,286,391.14 Expenditures 9.930.368.34 Customs rects. month to date 23,558.283.66

New York Bank Stocks

* (By Thomson & McKinnon) —July 23Bid. Ask. America 41 44 Bankers 94 97 Brooklyn Trust 385 395 Oeutral Hanover 213 218 Chase National 68 71 Chatham Phoenix Natl .... 62 65 CIW National 76% 79% Corn Exchange 94 98 Commercial 245 255 Continental 20% 23% Empire 44% 47V* First National 3,550 3.750 Guaranty 446 451 Irving 31 % 33% Manhattan & Company ... 68 71 Manufacturers 42% 44% New York Trust 141 146 Public 47 50

New York Curb Market

(Bv Thomson & McKinnon) —Julv 24 11:30! 11:30 Alum Cos of Am. 119 Midwest Ut.... 18 Anl Cvnainid... 7% Mo Kan Pipe... 4% Anl Gas Sc El.. 65 |Nat Avia 6% Am Sup Pwr... ll%iNat Inv 5 Ark Gas A 3%;Newmont Min... 30 Ass Gas & El A 12% Nia Hud Pwr... 11% Braz Pwr fc Lt 18% Penroad 6 Cent Sts Elec.. 7% St. Regis Paper. 13 Cities Scrv 10% Se! Indus 2% Cord 8 So Union Gas.. 7% Deere * Cos 22% Std of Ind .... 26% Elec Bnd Sh... 38%iUn Gas 6% Goldman Sachs. 5% Un Lt A: Pwr... 20% Hudson Bav ... 4 iUn Verde 9% Insull Ut 29 lut Pwr B 8% Inc Pete 12V, Vacuum Oil .... 44% Mead Johnson.. 80 lUnited Fndrs... SV S

Investment Trust Shares

(Bv Gibson A: Bernard) PRICES ARE TO 12 NOON C. S. T. —July 23Bid. Ask. Anier Found's Corn Com SV* 3% Am & Gen Sec "A” 13 Am Inv Trust Shares 4% 5 Basic Industry Shareg 4% 5% Corporate Trust Shares 4 s * 5 1 , 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 s * ... 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% 5Vj, Sel Am Shares 4% 5 Shawmut Bank Inv Trust ... 7% ... Slversal Trust Shares 4% 5% uper Corp of Am Trust Sh A 5% 6% Fundamental Trust Share* A 6% 6% Fundamental Trust Shares B 6% 7 U S Elec Light A Pwr A 28% 30% Chicago Stocks Opening (Bv James T. Hamill A Cos.) —Julv 24 tendlx Avia... 20% Insull pfd 71 ore Warner... 19%;Insul 6s '4O 84%* Cent So West. 17 'Lib McN prod... 10% Cen Pu Scrv A 11% Middle West 18% Cord Corn 8 !3wift A Cos 25% Cont Chi Com. 4% U S Rn A Tel. 24% Grlgsbv Grunow 3 Ut A Ind com... 57, Hofid He w A. 15% Walgreen Strs.. 17 Insull co..i 29 Vi I

Net Changes

B& United Prc* •NEW YORK. July 23.—Closing pieces and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. on. Alaska Juneau 15' Vi ... American Can 101... V* American <te Foreign Power 2S~ American Telephone 176 ! i ... V Auburn 100 ... 1 Bethlehem Steel 4 7 a Sase Va ... bTvsler 22*i Columbia Gas 30 l * ... Consolidated Oas 93... Electric Power 38 1 # ... V Pox Film A 16* Vi ... General Electric 40’ ... V* General Motors 37% V* ... Internationa! Nickel 13’ ... Vi International Telephone... 30\ Vi ... Montgomery Ward 20 *a National Power Ai Light.. 25 Vi ... Paramount 23 ... Vi Radio Corn 18 Vi ... Radio Keith 14% Va ... Sinclair 11 H ... Standard Branda 18 % ... Teaxe Corn 23% ... Vi Sirbide 49% ... Vi i - g em v;;.y w'i. ‘a

New York Stocks - (By Thomson A McKinnon) ——————

—juir 24 - Hailroadi— .. „„ *!*• High. Low. 11:10 clow. Atchison 161 W Balt As Ohio 87 r Chrsa A 0hi0... 35% 35 35% 35% Chesa Com 38 Chi Ort West Chi N West 29% C R I & P. Del L. Hudson. ..123 i2O 130 133 I Erie 20% Great Northern 46 Illinois Central M K & T U’a 14% N Y Central.... 83 82% 83 84 NYNH & H ™ Nor Pacific... 37 38.* Norfolk b West .. ... 173 172 n At W I2*.i 12 12 ..... Pennsylvania ... 46% 46** 46 ! * 46% 13o a pacmc eo ■**% ”% 'm% Southern Ry — 30% 30 30 30--St Paul Dfd 6/4 .Si,* St L 8 F . . ... 17*2 lfMi Union Pacific ..163 i62% 162% l® 3 j, Wabash .• ••• ••• W Maryland 13 ,® West Pacific 8,3 Equipments— .. Am Car & 18% 1 Am locomotive Am Steel Fd... .. ... l- 16% Am Airbrake 8.. 29% 29 29 •••,, i Gen Am Tank.. .. ... 58% *B% General Elec... 40% 4040• 40 Press St! Car 3 ,'4 I Pullman ■■■., -n iitf Westlngh Elec.. 65 64 % 65 63 * Rubbers— Firestone ••• 18 •••, I Fisk 39 1- ! Goodyear ■’2,4 Kelly Sprefid ••• Lee Rubber ,?/■ U S Rubber.... 14% 14 14 14,2 Motors— Auburn 165% 163 , 1C5% 166 j Chrysler 21 7/ * 22 2 22 .1 General Motors. 37% 37% 37% 37% Hudson 13% •••,, Hupp 6% 6% Nash 26% 26% 20% 27% Packard 7% 7 7 7% Pierce. Arrow Studebaker 18 18 Yellow Truck 8 8% Motor Access— Bendlx Aviation. 20% 19% 20% 20% Borg Warner ... 19% 19 19 19% Urines 13% 13% 13% 13% Budd Wheel 9 9% Eaton ... 15% 15% El Storage B 54 Houda 4% Motor Wheel 9% Sparks W 8 7% 7% ... Stewart Warner .. ... ... 11 Tlmktn Roll ... 34% 34% Mining— Am Metals 12 10% Am Smelt 33% 33 33% 34% Am Zinc ... 5% Anaconda Cop.. 25% 25 25% 25% Cal & Arlz 40% 40% Cerro de Pasco 16% 17 Dome Mines ... 11% 11% Freeport Texas 26 Great Nor Ore.. .. ... ... 1874 Howe Sound ... ... 19% Int Nickel 13% 13% 13% 13% Inspiration 7 7 Kennecott Cop.. 19% 18% 19 19% Nev Cons 97* 9% 97* 9% Texas Gul Sul.. 35 34% 3474 34% Oils— Amerada 1874 ... Atl Refining 1574 15 5 /s Barnsdall 874 8 7* 874 874 Houston 8% Indian Refining 274 ... Ohio Oil 9% Mex Sbd 15% 1574 1 574 15% Mid Conti 974 974 Phillips 8% 8% Pr Oil & Gas 1074 Pure Oil 7% Richfield 1% Royal Dutch ... 277* 27 27 28 Shell Un 6% 6% Simms Pt ...... .. ... ... 6% Sinclair 11 10% 11 11 Stand of Cal ... 3774 37% 37*4 37% Stand of N J ... 38 37% 38 3874 Stand of N Y... 18 17% 1774 1874 Texas Cos 2374 23% 23% 23% Union OU 1674 17 Steels— Am Roll Mills.. 2174 21% 21% 21% Bethlehem 44% 43% 437 b 44% Bvers AM 3074 30 3074 3174 Cruc Seel 43 Ludlum 12% Midland ... ... 17 Newton 10 Repub I& S ... I*,, 14 U S Steel .9274 91% 92 71 93% Vanadium 30 297* 29% 30 Younvst S & W 18 4 Younsst S & T 47% Tobaccos— ...... Am Tob Anew 11874 118 JiS!' 3 Am Tob B new 12374 12274 122% 123% General Cigar.. .. ... 36 /* 36/4 Lie As Myers B 737;, 73 73 73 n lairillard 20 74 1 974 19 % 20 Reynolds Tob 50-,* 50 b Tob Pr A I®% Tob -Pr United 5 Utilities — . s , Abitibl •• -j:. v .?' e m^r E p D wr.-:: 28% 287* P 2874 A m T P & r T.. U .'.'.175% 175% 175% i76% Col Gas & El.. 30% 307a 30% 30% Com & Sou 874 7% 8 8 / El Pwr <fc LI 38 377a 37% 38^b Gen Gas A • • ••• 4 A 4/a Inti T & T 30% 30 30% 30 . Natl Pwr & Li.. 24% 24% 24% 25 No Amsr C 0.... 6874 6 8 6 8 88 1/ " Pac Gas & El.. .. •••,. •*•., Pub Ser N J 80 78% (8% 80 So Cal Edison 44% 44 United Com.'::.' 22% ‘22 74 23$ 22% Ut Pwr & L A.. 22% ... 22% 2274 West Union H 674 116 Am h ln°ti nK Corp.. 14% 14% 1474 14% United Fruit.... 58% 58 58 58 * Foods— 56% Am Sugar Armour A •ua,, * /B Cal Pkg 237a 22 /a 22% ... Can Dry 2? '* J Childs Cos .J*,, i 4 A v Coca Cola TANARUS% 143 a Corn Prod 6674 06% Cudahy Pkg 4 2/* Cuban Am Sug .2,? Gen Foods Grand Union ig /8 Hershey 96 9 ®,, ' ' Pillsbury ~ 28? Safeway St 6074 587a 58% 60 Std Brands 18 18 Drugs— _ 3/ Coty Inc fi i,7 Lambert Cos Si/, 2 Lehn & Fink 267a Industrials— Am Radiator f 3 ,a 13 .a

Produce Markets

Eggs (country run)—Loss oft delivered In Indianapolis. 12c: benerv duality. No. X. Poultry "(buying prices)—Hens weUhlnn 5 lbs, or over. 16c: under 5 lbs., 15c Leghorn hens. 12c: 1930 brollers. 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 too duality, cuoted by Klngan 6 Butter (whwole-sale)— No. 1. 27® 28c: No. 2. 25@26c. Cheese fat (w 2 hoiesale selling price per oound)—American loaf. 22c: pimntoloal. 24c: Wisconsin firsts. 18c. Longhorns. 18c: New York limbersrer. 30c. /ft/ United Proa vtrw YORK, July 24.—Potatoes-—Mar-ket quiet; Long Island. X2.25Q2.60: new Jersey $2.15 baskets: southern. [email protected] barrel Sweet potatoes—Market, dulet, Tersev baskets $1.75; southern baskets, SISoII Flour-Market dull and unchanged: spring patents Pork Market, dull; mess. $22.25. I^rd-— Mar ket easy; middlewest spot. .080fa.081c. Tallow- Market, steady; special to extra. 3tg 03*40. Dressed poultry Market steady turkeys. 25@50c: chickens, 22fa) 40c• broilers. 23@38c: fowls. 12@25c: line Island ducks. l3@ 18c. Poultry—Market, stpfidv* to firm: geese. oucks i*o 21y ' fowls. 18024 c: turkeys 12025 c, roosters, 15@16c; broilers, 200 33c. Cheese —Market, steady; state whole mllkfancy to special. 13%fa:23c: young Americas. 14V4 @l9 Vic. By United Pres* CINCINNATI, 0., July 24.—-Hogs—Re-ceipts. 2,000- held over non, fairly active, mostly steady; spots 10c higher; some butchers above 200 lbs. up more; grade. 170-225 lbs.. $808.15; a few loads of best light weights, $8.25; some 230-250 lbs.. $7.50(117.85: 270-300 lbs.. 56.75f.r7.25 light lights, steady to 25c higher; 120-160 lbs.. SkSO to mostly $7.75; sows scarce, steady; few $4.5004.75. Cattle—Receipts, 300; calves, receipts. 350: steers and heifers, lairlv active, steady to strong: spots 25c hlghe'r on steers, common to medium grassers, $507; sprinkling of beter finished kind, $7.25@:8. other classes steady, a few beef cows, $3.7504 75; low cutters and cutters. sl. .503 50; bulls. $4.75 down; vealers, steady; good and choice. $708; lower grades.'s7 down. Sheep—Receipts, 4 700; better grade ewe and wether lambs, fully steady to strong: spots 25c higher at $909.50. a few $10; lower grades and sheep steady; throwout lambs. $5.50 0 6.50; skips, downward to $4, mostly $6 and upward: bucks, $6.50fa8 or better; fat ewes, [email protected]. By United Press CHICAGO. July 24.—Eggs—Market, easy; receipts. 10,642 cases; extra firsts. 194?' 20c; firsts. 18c: current receipts. 15ST16'2C; seconds. 12fal3V4c. Butter—Market, easy; receipts. 10.826 tubs: extras. 23‘ic; extra firsts. 22'2(,123c: firsts. 21fa21V4c: seconds. 19020 c; standards. 23'2C. Poultry—Market. weak; receipts. 2 cars; fowls, 19c; springers, 24026 c; Leghorns, 14c; ducks. 13 16c; geese. 14c; turkeys. 15#18c; roosters. i2c: broilers (2 lbs.), 21@24c; broilers (under 2 lbs.), 21@22c; Leghorn broilers, 18019 c. Cheese—Twins. 13ffi 13’ae; Young Americas. 13%014c. Potatoes —On track. 295; arrivals. 75; shipments, 566. market slightly stronger: east shore Virginia cobblers, sacked. $1.4501.50: bbl., $2 354*2.50; Missouri and Kansas sacked Cobblers, sl.lo® 1.20. By United. Pre* CLEVELAND. July 24 Butter— (Cents per lb.), extras 27'ie; standards. 27Vic; market, easy. Eggs—(Cents per doz.). extras 22'ic; firsts, 18@18';c: ordinaries first 15%c: market, easy. Poultry (Cents per lb.), heavy fowls. 20@21c; medium. 20c; Leghorn, 13016 c: heavy broilers, 25fa' 29c; light broilers. 17031 c; ducks. 12<5T5c; old cocks. 12c; geese, 10@15c; market, steady. Potatoes—Virginia cloth top stave barrel spring gobblers best. $2.*[email protected]; Louisiana bushfl trad© United States very lew sales tUßftesa. I k

Bush Term ..j. 20% 20 20 Certaintecd 6 5% Gen Asphalt 21% Otts Elev 43 42 42 427* Indus them*— Allied Chem ....117 115% 116% 117 Solv 16% 16% 16% 16% Union Carb .... 49 3 49 493* 49% U 8 Ind A1c0... 29% 29 29 29% Retail Stores— Assoc Dry Gds 19 Kresge 8 S 20% 26% 2e% 26% May D Store. . 197. 19% 19% 33% Mont Ward 20 Penny J C 3;*, 33% Schulte Ret St.. .. ... . 714 Sears Roe 557* 55% 55 % 56 Woolworth 67% 66% 677* 6774 Amusements— Col Graph 8% 9 Crosiev Radio ... 574 574 Eastman Kod 143% 142 142% 45 Fox Film A I6 s a Grigsby Gru 3% Loews Inc 44% 44% 44% 46% Param Fam.... 227* 227* 22 s * 23 Radio C0m.... 17% 17% 17% 18 R-K-O 1574 147* 14% 1474 Warner Bros 7 774 Miscellaneous— CUv Ice & Fu 32% Congol&um 1274 127 a Am Can 99% 99% 997* 10174 Cont Can 50% 50 50 50% Curtiss Wr 3 Vs 3% Gillette S R 22% 2074 20% 21% Real Silk 6% 6% Un Arcft 23 2774 27% 28 Int Harv 43 43%

BOARD TO 0. K. TRACTION SALE T. H., I. & E. Purchase by Insull to Get Ruling. Before the public service commission in the statehouse this afternoon Commissioner Howell Ellis will present an order he prepared approving sale of properties formerly held by the Terre Haute, Indianapolis & Eastern railway, an electric line. The interurban property will be purchased by the Indiana Railroad, and the electric properties by the Public Service Company of Indiana, both Insull organizations. T. H. I. & E. properties were bought at a receiver’s sale by B. P. Shearon, an Insull leader, to hold for acquisition by an operating company, as required by law within sixty days. The sale was approved June 23. Southeastern Indiana Public Service Company, with headquarters here, petitioned the commission today for permission to issue bonds and stocks with face values of sllO,000, and to purchase with proceeds of that issue the Mutual Electric Light Company, operating a network of lines near Greenfield and Fountaintown.

Indianapolis Stocks

—July 24 Bid. Ask. American Cent Life Ins Cos. .1.000 ... Belt RR & S Yds Cos com.. 29*/j 35 Belt RR & Yds Cos pfd 65... 49% 55 Bobbs-Merrill Cos 20 26% Central Ind Pwr Cos pfd 75... 73 77 Circle Theater Cos com 7s IOOVi 103*4 Citizens Gas Cos com 10s 23 26 Citizens Gas Cos pfd 5s 98 101 Commonwealth Loan Cos pfd 7s 97 101 Commonwealth Loan Cos 85...100Vi 101 Hook Drug com 10 Indiana Hotel Cos clay p 001... .105 Ind Hotel Cos pfd 6s 100 Indpls Gas com 6s 56 % 60 Indpls Pw & Lt Cos pfd 6Vis 104% ... Indpls Pub Yel Ln Assn cm 8s 55 Indpls Wa Cos pfd 5s IOOVi ... Pub Servos Ind 7s 97*4 100 Pub Servos Ind 6s 82 87 Metro Loan Cos 8s IOOVi ... No Ind Pub Serv Cos pfd 65..100 103 North Ind Pub Ser Cos pfd sVis 94 96Vi No Indiana Pub Cos 7s IOOVi ... Progress 18 ’/a ... E Rauh & Sons Pert Cos pfd 6s 47 Shareholders Invest Cos 10Vi ... Ter Haute Tr & Li Cos pfd 6s 89 Union Title Cos com 3s 10 Van Camp Prod Cos Ist pfd 93 Van Camp Prod Cos 2d pfd Bs. .. 93 Backstay Welt Cos com 13 16 Ind Pipe Line Cos 11% 12 Link Belt com 21 23 Lynch Glass Machine Cos com 17 18 Noblitt Sparks Industrials Inc 42*4 44*4 Perfect Circle Cos com 32 34 Real Silk Hosiery Mills Inc.. 7% 9% Real Silk Hosiery Mills pfd... 25 30 Standard Oil Cos (Indiana).... 24*4 ... Ross Gear 18*4 20 Natl Title 5% 6*4 J D Adams Manufacturing Cos 18 20 •Ex dividend. BONDS Bid. Ask. Belt R R & Stk Yds Cos 4s .... 92 Cent Ind Gas Cos 5s 99*4 ... Cent Ind Power Cos 6s 100 Citizens Gas Cos 5s 101 Citizens Street Railroads 55.. 21 Home T&T of Ft. Wayne 6s.ls2Vi ... Ind Railway & Light Cos 55.. 93 96 Indpls Pow & Li Cos 5s 103% 104% Indpls Gas Cos 5s 102*4 ... Indpls Street Rys 4s 10 ... Indpls Trac Terminal Cos 55.. 43*4 ... Indpls Union Rv 5s 102 Indpls Water Cos s*4s ’54 104 105 Indpls Wat Cos Ist lien ref 55.101 Indpls Water Cos 4*4s 100 101*4 Indpls Water Wks Sec Cos 55.. 90 Interstate Pub Ser Cos 4*45.. 99*4 ... Interstate Pub Ser Co(B) 6’45.102 ... Interstate 5s 99 ... No Ind Pub Serv Cos 102 ... Terre H T & L 5s 93 ... In the Air Weather conditions at 9 a. m.: North wind. 12 miles an hour; temperature, 71; barometric pressure, 29.93 at sea level; ceiling unlimited; visibility, 20 miles; field good. Ocean Hops Start Fails By United Press NEW YORK, July 24.—The second attempt at a trans-Atlantic flight in a week failed today when Russell Boardman and John Polando, young Massachusetts fliers, dumped their load of gasoline and returned to Floyd Bennett airport a few minutes after taking off for Turkey. Storm Delays Pacific Hop By United Press SEATTLE, July 24.—Stormy conditions east of Cordova, Alaska, continued to hold Reg L. Robbins and Harold S. Jones here today awaiting favorable reports before starting their second attempted non-stop, refueling flight to Tokio. FALL INJURIES FATAL Miss Martha Best, 65, Dead at Hospital; Funeral on Sunday. Fractured hip incurred in a fall In the driveway at her sister’s home two weeks ago proved fatal today in Methodist hospital to Miss Martha Best. 65, who lived with Mrs. John H. Rader, her sister, at 3346 Washington boulevard. Funeral services will be held at 1 p. m. Sunday at the Rader home, and later at Mooresville M. E. church. Besides the sister, two brothers, Frank Best, Mooresville, and Albert Best, Nashport, 0., survive her. TOO GOOD; NO PAROLE "Alfala Bill” Refuses Jess Freedom; "Better Off in Jail.” OKLAHOMA CITY, July 24. Jess Allen’s resourcefulness in earning money as a jail trusty, caused Governor W. H. Murray to refuse him a parole today. “If lt is true that this fellow mare as much as S2O some months wasl> ing automobile, he is better off in jail than on the outside looking for a job,” the Governor said. "Parole refused.” Allen is serving h six-months’ eatece on a hguor charge, .1, _

THE INDIANAPOLIS TIMES

PORKER PRICES 6AIN 25 GENTS AT CITYYARDS Cattle Little Changed in Quiet Trade; Sheep Up 50 Cents. July. Bulk. Early Top. Receipts. 17. *8.75® 8.15 *8.15 4.500 18. 6 50® 7.85 7.85 1 500 20. 6.40*74 7.85 7.85 3,500 21. 6.40® 7.75 7.75 4 500 22. 6.40® 7.75 7.75 4.000 23. 6.40® 7.90 8.00 3.500 24. 6.55® 8.00 8.00 6.000 Strong trend in evidence in porker trades the last few days carried prices up 25 cents today at the city yards. The range was steady to a quarter higher than Thursday's even trade. The bulk, 140 to 300 pounds, sold for $6.55 to SB. Receipts were estimated at 6,000; ' oldovers were 206. In the cattle market steer trade was negligible, she stock little changed with the quality plain. Receipts were 450. Vealers sold $1 higher at $9 down. Calf receipts numbered 650. Sheep were irregularly steady to 50 cents higher. Better grade lambs made the market at $7.50 to $8.50; top held at $8.75. Receipts were 2,500. Chicago hog receipts were 11,000, including 3,000 direct. Holdovers, 6,000. Market active on weights below 230 pounds, and around 25 cents higher than Thursday’s average. Good to choice hogs weighing 170 to 210 pounds sold at $7.90 to SB, with early top holding at SB. Heavyweights from 220 to 230 pounds were sellig at $7.85. Cattle receipts were 2,000. Calves 500, and strong. Sheep receipts 7,000; market 25 cents higher. HOGS Receipts. 6,000; market, higher. —Light Lights—-(l4o-160) Good and choice * 7.40® 7.65 —Light Weights—-(l6o-180) Good and choice... 8.00 (180-200) Good and choice... 8.00 —Medium Weights—-(2oo-220) Good and choice... 7.90® 7.95 (220-250) Medium and good.. 7.40® 7.80 —Heavy Weights—-(2so-290) Good and choice... 6.70® 7.25 (290-350) Medium end g00d... 6.25® 6.55 —Packing Sows—-(27s-500) Medium and g00d... 4.25® 5.50 (100-130) Slaughter nigs 7.25 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 beefs 4.00® 4.75 Cutter. Gammon and medium.. 2.75® 4.00 CALVES AND VEALERS Receipts, 650; market, higher. —Vealers— Good and choice $ 8.50® 9.00 Medium 6.50® 8.50 Cull and common 4.00® 6.50 —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. 2.500: market, higher. Good and choice $ 7.50® 8.75 Common and medium 4.50® 7.50 Ewes, medium and choice 1.75® 3.25 Cull and common I.oo® 1.75 Other Livestock By United Brest CHICAGO. July 24.—Hogs—Receipts. 11.000. including 2,500 direct: active on weights below 240-lb. around 25c higher; s ,l ow steady to 15c higher; bulk 170-220 lbs., $7.75®8; top. $8; 230-300 lbs.. $6®7.75; pigs. 56.75®7.50; packing cows, $4.35®5.75; light lights. 140-160 lbs., good and choice, [email protected]; lightweights. 160200 lbs., good and choice. $7.65®8; medium weights, 200-250 lbs., good and choice, $7.15@8; heavyweights. 250-350 lbs. good and choice. 55.40®7.50; packing sows, 275500 lbs., medium and good. 54.25®5.85slaughter pigs. 100-130 lbs., good and choice. [email protected]. Cattle—Receipts, 2,000; calves. 500; grain fed steers and yearlings fully steady; no choice weighty steers here; heifer yearlings topped at $8.60; several loads heifers. $8®8.40; offerings at outside price scaling 952 lbs: she stock unevenly steady to 25c lower; grassy kinds showing decline; slaughter cattle and vealers: Steers 600-900 lbs., good and choice. $7.75®9.25; 900-1,100 lbs. good and choice $7.75®9.10: 1.100-1.300 lbs., good and choice. [email protected]; 1.300-1,500 lbs good and choice. $7®8.50: 600-1,300 lbs medium. *5.25®7.50; heifers. 550-850 lbs. good and choice, 57.25®9common and medium, $4.25®7.25; cows, good and choice. [email protected]; common and medium. $3.25®4.25: low cutter and cutt? r cows. [email protected]; bulls, yearlings excluded. good and choice, beef, $4.25®,v cuter to medium $3,.3504.65: vealers; an ?, cho ‘ce. $7.25®8.50; mealum. $6<®7.25; cull and common. s4.so<a>6‘ stocker and feeder cattle: Steers 500-1 050 lbs.. Rood and choice. $5.75(37; common [email protected]. Sheep—Receipts Sk 0 , K at la ms fairly active -strong to 25c higher; best natives, $8: bulk rangers ?& r Jy. with better kinds held above 57.75. throwout natives largely $5.50: sheep steady; slaughter sheep and lambs e a ” lb ih l 9o lbs- down, s7®B; medium. $5.25 o^ 7 i%n ko Wel i ht i’ common. $4®5.25; ewes. 90-150 lbs., medium to choice [email protected]; all weights, cull and common. sl®2: feed@s 75 mbs ‘ lbs., good and choice, $5 By United Press FT. WAYNE. July 24.—Hoes 1(10-140 lbs.. $7.25; 140-160 lbs... $7.50: 160-180 lbs $7.80: 180-200 lbs.. $7.90: 200-210 lbs’’ $7.80: 210-220 lbs.. $7.70: 220-230 lbs *7 ss" lbs.. $7.40: 240-250 lbs., 57.2’5‘ 260 lbs.. $7.10: 260-270 lbs.. $6.90‘ 270,2° lbs.. *6.45; 300-325 lbs.. $6: roughs. $4 - stags. $3: calves. $8.50; lambs. $7/50. By United Press east ST LOUIS. July 24.—Hoes—Receipts. 1,000: market, mostly 10® 15c bjKbe/: top. $8: few small lots. *8.10; most yO-250 lbs.. $7.5C @8: 100-140 lbs.. $7.35 s ? ws - *4.50®5.75. Cattle—Receipts. 1.000: calves, receipts. 800: market, vealers 50c lower: other classes steady with scarcely enough on sale to make a market: few mixed yearlings and heifers. $8.50 down: cows. $3.75®5: low cutters. $2®2.25 mostly: top medium bulls. Quotable upward to $4.25: good and choice vealers. SB. Sheep—Receipts. 1.900: market, steadv: bulk lambs to packers. s6,fi®7: top to city butchers. $7.50: throwoutsc. $3.50; fat ewes. $2.50 down. By United Press LAFAYETTE. July 24.—Hoes—Market, steady to 25c higher: 160-200 lbs.. $7.75: 200-210 lbs.. $7.70: 210-220 lbs.. $7.65: 220230 lbs.. $7.55: 230-240 lbs.. $7.35; 240-250 lbs.. *7.20: 250-260 lbs.. $7: 260-270 lbs.. $6.75: 270-280 lbs.. *6.60: 280-290 lbs.. *6.45: 290-300 lbs.. $6.30: 300-325 lbs.. $6: 140-160 lbs.. $7.25: 120-140 lbs.. $7: 100-120 lbs.. 56.75: roughs. $4.75 down: top calves. $7.50: ton lambs. $7. By United Press CINCINNATI. 0.. Julv 24.—Butter, steady, creamery in tub lots, according to score. 22® 23c: comon score discounted. 2®3c: packing stock No. 1. 18c: No. 2. 15c: No. 3.8 c: butterfai 21®23c. Eggs— Steady: cases. Included: extra firsts. 21%c: firsts. 16c: seconds. 14%c: nearby ungraded. 18c. Live poultry—Thin and coarse stock sell only at heavy discount: fowls. 5 lbs. and over. 20c: 4 lbs. and over. 19e: 3 lbs. and over. 14c: Leghorn. 3 lbs. and over. 13c: roosters. 10c: broilers, colored. X lbs. and over. 23c: 1% lbs. and over. 25c: 2 lbs. and over. 28c: frvers. 3 lbs. and over. 20c: partly feathere. 15@20c: Leehorn broilers. 1 lb. and over. 23c; 1% lbs. and over. 23c: 2 lbs. and over. 23c: black springers. 20c. By Times Special LOUISVILLE, July 24.—Hogs—Receipts. 500: market, steady; 175-250 lbs., $7.65; 250 lbs. up. *7.10: 130-175 lbs.. *7: 130 lbs. down *6.35; packing sows. $4.60®5.60, and stags from *3.85 down. Cattle —Receipts. 200; market, steady; medium and good steers. s6®7: bulk lower grades. *4®5.50: medium and good heifers. $5.50®7; lower grades. *3.50®5: best slaughter cows. 53.50 ®4.25: common cows. $2.50®3: low cutters and cutter cows. $1.25®2.50; best beef bulls. $3 50®4.25; lower grades. $3.50 down. Calves —Receipt. 300: market steadv: best vealers. S7; medium. *4.50® 5.50: culls, *4 down. Sheep and lambs—Receipts 1.500: market steadv: bul kbetter grade lambs. $3 ®8.25; bulk lambs mostly $7: culls. *4 down: fat ewes. $2 50 down: aged bucks. 51®1.50. Thursday's shipments: Cattle. 101; calves. 128: hogs. 132; sheep. 943. By United Press ! TOLEDO. July 24.—Hogs—Receipts. ! light: market 25c higher: demand unsupplled: heavies. 56.50®7: mediums. *7.25® 7.75: Yorkers. *7.50®7.75; pigs. *7.25®7.75. 1 Cattle—Receipts. 100; market slow. Calves —Receipts, light; market, strong. AUesn-g-Receipts. light; marfcvt. ****<&•

BELIEVE IT or NOT

MMUjW&r' * Westminster College • sftn lake gt/.wak * ! fi SCORED 155 points IN 5 Track melt? j : 'f Heimished First 25 times <v\d. Second *V/AS CAUGHT Irt GREEU /?/l/£R,VERNAL,UUh A SOLID BLACK GUINEA PIG BY GEORGE E. THORHE foAT HAS ATAIL-AND SINGS LIKE A BIRD s owned by w. f. Farmea, Minnows are tre largest nsn /n the state. 4 ahreveport, jla. IV.---— ■- - 7-1* • 1931. King Feature* Syndicate. In*, Cetar Bnlai*ighs rcserv*4

Dow-Jones Summary

New York cables opened In London at 4.84%. against 4.84%: Paris, checks. 123.75: 9msterdam. 12.035; Italy. 92.65; Berlin. 20.50. Caterpillar Tractor In six months to June 30. earned 77 cents a share, against $2.99 a share in first half of 1930. June auarter earnings 22 cents, against. 55 cents in previous auarter and $1.20 in June, 1930 Quarter. The company also declared a regular Quarterly dividend of 75 cents, payabie Aug. 31. of record Aug. 15. Paraffine Companies, Inc., year ended June 30. net income SI. 746.108 after depreciation, interest and federal taxes eaual to 53.60 a share on 485.030 shares, against 52.556.041. or 55.27 a share on 485,111 shares in preceding year. E. I. Dupont De Nemours & Cos. second auarter consolidated net income $1.22 a common share against sl.Ol ln first auarter and $1.33 in like 1930 period. Six months $2.23. against $2.84 in first half of 1930. United States Industrial Alcohol six months' net loss $527 287 after d ® Dre h c tion. against net profit of $1.47 a snare in first half of 1930. Goldman Sachs Trading Corporation net asset value on June 30 eaual to $12.94 a share, against $12.40 on Dec. 31. 1930, and $30.16 a year ago. American Republics Corporation second auarter net loss $962,264 after chaiges, against net loss $579,219 in first auarter. and net profit of 31 cents a common share in like 1930 period. Six months loss $1 541,483. against net profit of 46 cents a share on 7 per cent preferred stock ln first half of 1930. Four subsidiaries of North American Light and Power Company reduced gas rates 14 per cent and electric rates 15 per cent in Kansas. General Printing Ink Corporation six months ended June 30 net profit 362 462 after charges and federal taxes, against $413,161 in first half of 1930. A M. Byers Company June quarter net profit 6 cents a share on 7 per cent preferred stock, against 87 cents a share ln preceding quarter and 51 cents a common share in like 1930 period. Nine months SI.BB a preferred share, against $2.22 a common share In like period of previous fiscal year. Willys-Overland six months’ net profit $2.40 a preferred share, against SI.OB a preferred share a year ago. In June quarter the company earned $1.48 a preferred share, against 88 cents a preferred share in previous quarter. Chrysler Corporation In June quarter earned 73 cents a share, against net loss of $979,927 in previous quarter, and earnings of 73 cents in June, 1930, quarter. Six months earnings 51 cents, against 77 cents in first half of 1930. The corporation also declared a regular quarterly dividend of 25 cents. Purity Bakeries in twenty-eight weeks to July 11, net profit of $1.48 a common share, against $3 in like period of 1930. Twelve weeks to July 11 earned 70 cents a share against $1.45 a share year ago. And declared a regular auarterly dividend of 75 cents on common stock. Westvaco Chlorine Products Corporation •declared a regular quarterly dividend of 30 cents on common stock payable Sept. 1, of record Aug. 10. Fairbanks Company and subsidiaries ln quarter ended June 30 net loss $65,814 after taxes, interest, depreciation, etc., against net profit of $9,884 in June auarter. 1930. Six months’ net loss $131,023. against net profit of $50,284 in first half of 1930. Other Livestock By United Press PITTSBURGH. July 23.—Hogs—Receipts, 600; market active, 15030 cents higher; 150-220 lbs.. $8.3508.60; 230-260 lbs.. $7.75 @8.25; 260-310 lbs.. $7.100 7.60; 100-140 lbs.. $773(38,25; packing sows, strong to 25c higher; bulk [email protected] Cattle —Receipts, 125: market, mostly steady; common to medium steers. $5.25(0 6.75; better lots up to $7.75; grass cows. $304; cutter to common bulls 1 $3.2503.85. Calves—Receipts, 200; market, very slow: undertone weak. Sheep—Receipts. 1.250: early sales about steady; asking higher for choice lambs; desirable lightweights. 57.50fa8.50. By United Press CLEVELAND. July 24.—Hogs—Receipts, 1,000; holdover. 46; steady to 25c higher; advance on lighter weights; 160-230 lbs., $8.25; top, $8.35; pigs, $8; few 240-250-lb. weights. $7.75; 260-300- lb. sorts. $7.15 down, but heavier weights dull; rough sows, steady at $5. Cattle —Receipts. 125; more interest in over-supplied plainer grades, but little change In price level; even lower grades only mildly under Monday; bulk steer sales, $6.2506.75; part load medium. $7.75; numerous loads still unsold; cows and bulls steady; calves, receipts, 250; strong to mostly 50c higher; spots $1 up or medium sorting considered; desirable vealers, $9.50010 ln liberal numbers; medium, $9 downward; very little under $7.50. By United Press EAST BUFFALO. N- Y., July 24.—Hoes —On sale. 900; market, active; 15025 c higher; bulk desirable 120-250 lbs.. $8.50; plainer kinds. $8.25; 225 lbs., $8.25; 260300 lbs., $7(u".4G. Cattle —Receipts. 825; cows and grassy steers predominating; generally 25@50c lower; bulls, steady; grassy steers and heifers, $5 5006.50: cutler cows, $1.7503.25: fleshy kinds, $4 0 4.25; medium bulls. $404.50; calves, receipts, 600; vealers. 50c higher; good to choice, S9O 9.50; common and medium. $6.5008. Sheep—Receipts. 1,150; lambs active: mostly 25c higher; good to choice, $9.2509.50; medium to mixed, sßfa9; throwouts around $7. NEW YORK COFFEE RANGE —July 23March 6.05 5.90 5.90 July 5.40 5.33 5.33 September 5.58 5.44 5.45 December ....... .... 5.75 5,70 5.73

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 Thursday’s Times: Jules Bourglay, “The Old Leather Man”—The “Old Leather Man” roamed eastern New York and Connecticut dressed in nothing but leather for thirty years. An unfortunate love affair was the cause of this strange existence. Jules Bourglay was a handsome young Frenchman who fell in love with the daughter of a leather merchant. To prove his worthiness he entered the business. A crash in the leather market resulted in a loss of his fortune and the lady of his heart as well. The shock unhinged his mind and he resolved to quit France for America, and to do penance by wearing nothing but leather for the end of his days. He was found dead in a cave which he inhabited near Sing Sing, New York, in 1889. The Curious City of Beni Isgen—Beni Isgen in Algeria is the most curious city in North Africa. It is the holiest of the seven cities constituting the confederation of the Beni M’zab. The latter is the most orthodox sect in the Mohammedan world. It is a walled city in which no unbeliever may be found after sunset. Nobody has even smoked or drunk in its streets since it as founded about 700 years ago, and no goods may be bought or sold unless auctioned off first and unless a number of buyers participate in the bidding. Ice Is Lighter Than Water— Water differs from nearly all other substances in that it is heavier in the liquid state than it is in the solid. That is why great pressures have the effect of lowering the freezing point of water, while the opposite is the case with the other substances. The density of ice at zero degrees centigrade is .9175 and the density of water at zero degrees centigrade is .99988, it being heaviest at four degrees centigrade. Saturday—“ The modern schoolhouse in which the windows can't be opened.”

Local Wa£on Wheat

City grain elevators are paving 39c for No. 2 red wheat and 37c for No. 2 hard wheat. SETTLE GILLETTE SUIT $1,900,000 Sum Is Paid to United Cigar Stores. By United Press BOSTON, July 24.—A suit and counter suit brought by the Gillette Safety Razor Company and the United Cigar Stores Company, respectively ,and involving $17,000,000, was settled out of court today when the Gillette interests agreed to pay $1,900,000 to United. Alleging that the United interests exaggerated the size of their retail outlet for Gillette Blades in making a contract with it, the safety razor firm sued for $10,000,003. In a counter suit charging breach of contract United asked $7,000,000 damages. New York Liberty Bonds —July 23 3%s 102.20 Ist 4%S 103.10 4th 4%S 104.29 Treasury 4%s 113.6 Treasury 4s 108.20 Treasury 3%s 106.16 Treasury 37'sS 101.17

Specialists in Unlisted Securities Edw. W. Zaiser Securities Corporation 129 E. Market >

ALTERATION SPECIALISTS—WE REPAIR RELINE. REFIT TAILORING L.KLVJIN COMPANY 131 East New York Street

I-c my Registered 0 8. JLr y Patent Offic# RIPLEY

The City in Brief

Authorized Ford auto dealers will picnic at Broad Ripple park Saturday, with the public invited. Various games and contests have been arranged. E. C. Von Tress of Chicago, representative of the advertising department of the Curtis Publishing Company, spoke at the weekly luncheon of the Advertising Club of Indianapolis at the Columbia Club Thursday. Promotion of Forrest H. Powell, sales manager of the Indianapolis branch of the General Baking Company, to manager of the plant, was announced today. Finance and promotion were discussed at a luncheon in the Severin Thursday of ten members of the budget committee of the Disciples of Christ and representatives of other organizations in the brotherhood. George D. Coniee, chief engineer of the Republic Flow Meters Company, will address the Scientech Club at noon Monday at the Architects and Builders building on “The Use of Devices for Measuring the Flow of Fluids in Pipes.” TROLLEY RAMS TRUCK Passenger in Auto Cut About Head in South Side Crash. William Schoolcraft, 22, of 1214 Livingston street, sustained head cuts today when the truck in which he was a passenger was struck by a Shelby street car in the 800 block, Virginia avenue. Fifty passengers on the street car were not hurt in the accident. Foster R. Tucker, 58, motorman, told police the truck turned into the street car’s path. CHEAP RIDES IN CAPITAL 10-Cent Fare Promised in Taxi War in Washington. By United Press WASHINGTON, July 24. A straight 10-cent taxi fare was promised the capital today as a rate war continued between independent operators and large taxi companies. Two cab lines already have established a 15-cent rate for the larger part of the city. Under a 10-cent fare, it would be possible for five persons to ride at a cost of 2 cents each. The cash trolley fare here is 10 cents. The rate war is designed to force the District of Columbia public utilities commission to establish a system of standard charges. Hibernians Elect Chief NEWPORT, R. 1., July 24.—M. W. Delaney, Chicago, today was chosen national president- of the Ancient Order of Hibernians. The Hibernians, in closing their annual national convention here, also decided to hold next year’s convention in Chicago. RAW SUGAR PRICES . —Julv 23 January 1.55 1.51 1.51 March J 60 1.57 1.57 May 1.65 1.63 1.63 July 1.51 1.50 1.50 Scot ember 1.47 1.44 1.44 December 1.55 1.51 1.51

THE TRADING POST 1514 N. Illinois St., MID-SUMMER CLEARANCE GreaJy Reduced Values in SUMMER CLOTHES Now is the Time to Buy Your LATE SUMMER WARDROBE You Will Always Find Values and Bargains at the TRADING POST Shop With Us and Save Money

•JULY 24,1931

WEAK CABLES FORCE GRAINS OFFJFRACTION New Developments Awaited to Carry Prices Up; Rain Needed. BY HAROLD E. RAINYILLE United Press Staff Correspondent CHICAGO. July 24. Weak cables gave wheat a minor fractional dip as the Board of Trade opened today. There was nothing in the news but the weakness at Liverpool, where the market v.as dull and declining with no demand, causing scattered selling which found support lacking. Com was about steady with weather developments in the belt attracting some attention but traders uncertain which side to take. Oats again suffered from liquidation and was 'lower. At the opening wheat was % to % cent lower, com was unchanged to % cent off and oats were % cent lower. Provisions were active at a small decline. Liverpool Sells Off Liverpool opened as expected and b mid-afternoon had cased to % to Vs cent lower. The weather was clear and relatively cool over the United States, but warm in Canada. Wheat traders are awaiting new developments in the situation to carry prices higher. The market has been displaying an improved tone with less selling pressure owing to the lessening of the movement in the southwest and the extremely low prices for wheat. Traders are chiefly of the opinion that the situation favors the more than sellers. Thursday the board voted dow r n an amendment to the rulings that would have barred the Updike Grain Company, subsidiary of the Farmers’ National, from the Clearing House Association. Com in Critical Stage Although weather reports are adverse on the corn crop in the southwest, the trade is awaiting further developments despite the fact that the crop is in the critical stage of its growth and can not stand high temperatures without an abundance of moisture. There was no rain Thursday night. Receipts are increasing in oats, but still are well under a year ago Spreading in the distant futures and absorption by cash interests have been the features of the recent sessions. Chicago Grain Range —July 24 WHEAT— prev. . , High. Low. 11:00. close. July 53% .53'/a .53% .53% Sept 53 V* .53 .53 V* .53% D c6rn— 57% • 571/a • 57% • 57 ‘' 3 July 58% .57% .58V, .58V* Sept 51% ,51V* .51% .51% OAT&H 45 •‘ M% - 44% - 44 TANARUS July .. .. .24% Sept 26% .36 .26 .36% De^Y E jj 28% .28% .28% .28% July Sept 36% .36% .36% .36% De T c - 30% .40’/* ,40V* .40 JLAKD—Se.Pt 7.65 7.70 ° c * ... 7.67 7.70 By Times Special -.CHICAGO. July 24.—Carlots: W/heat. fev" 3° rn " 387 • oats - 26 • ryc - 0. and barWANTED: A WASHINGTON He’s Needed to Play Stellar Role in Bicentennial Pageant. By United Press WASHINGTON. July 24.—There’s going to be a job here for a second George Washington. He’s wanted by the District of Columbia George Washington bicentennial commission to play the stellar role in a great pageant planned for next year. The successful applicant, said the commission, must look like the father of his country; have knowledge of surveying; understand farming; be able to take a hand in a revolution, if necessary, and should be able to throw a silver dollar across the Potomac river. The commission is going to advertise throughout the country in an effort to find a man with all those qualifications. CERMAK INVITES WORLD Come to Fair in 1933, Says Mayor, in New York. By United Press NEW YORK, July 24.—Mayor Anton J. Cermak of Chicago was to return home today after: Inviting “the whole world” to attend the International exposition in Chicago in 1933; Announcing that city would bid for both Democratic and Republican national convention; Expressing the opinion Alfred E. Smith would not be a candidate for the Democratic nomination for President.

James T. Hamill & Company Private Wire* to An Market*. Indiana potla MEMBERS Ctdeaco Stock Exchange Chicago Board of Trade tadlaaapolla Board of Trade Associated Hew York Carb 203 Continental Bank Bldg. Tel. an*y 54*1—alley MM