Indianapolis Times, Volume 43, Number 71, Indianapolis, Marion County, 1 August 1931 — Page 10

PAGE 10

STOCK SHARES WEAKEN AFTER INITIAL UPTURN Probe of Recent Tobacco Hike Is Reported at Washington.

Average Stock Prices

Average of thirty industrials for Thursflav was 136.93. up .74. Average of twenty rails was 74.69. off .32 Average of twenty Utilities was 56.23, up .25. Average of forty bonds was 96.22. off .12. BY ELMER C. WALZER United Press Financial Editor NEW YORK, July 31.—Recent dividend changes, together with fears of further cuts and omissions by other corporations, influenced trading on the Stock Exchange today. A number of issues met heavy pressure. A few others rose against the general down trend. Toward the close prices were rallying slightly from the early lows, which represented losses ranging to 6 points. According to preliminary calculations the Dow, Jones & Cos. industrial average declined 1.57 points to 135.36; rail average was off 1.25 points at 73.44 and utility average was off 0.36 points at 55.87. Sales totaled 1,200,000 shares, compared with 1,400,000 shares Thursday. Nickel Plate Crashes Omission of the common and preferred dividend by New York, Chicago & St. Louis railroad (Nickel Plate) brought unsettlement Into the carrier group where Nickel Plate preferred plunged down 20 Vi points to a record low at 35Vi. The common dropped six points to 26, within a point of its record low made Thursday when the issue dropped 10 points. Nickel Plate bonds made new lows. New York Central which did not come wthin a long distance of earning its dividend in the first six months of this year, was driven down to 73Vi, off 2% and within 2 points of its low since 1921. Wide losses were recorded in Atchison, Union Pacific, Rock Island and Chicago Northwestern, the latter equaling its low for the year. Fear for Dividends Heavy selling came into J. I. Case on the theory the dividend would be reduced. The stock made anew low at, 54, off 6V£ points. Traders were influenced in their selling to some extent by the break in wheat where the July and September positions made record lows. American Can made anew low for two years on further liquidation based on reduction in operations reflected in the decreasing demand for tin plate. Tobacco shares were hammered down on news the department of justice was to investigate the unanimous and similar price advance by the leading manufacturers of cigarets. American Tobacco issues broke sharply and smaller losses were recorded in Lorillard, Liggett & Myers and Reynolds tobacco issues. The foregoing companies were the ones making the price advances, which, according to estimates, added some $40,000,000 to revenues at a time when prices of tobacco were declining. Steel Closes Off United States Steel ranged between 83' 2 and 86 Vz, and closed at 85%, off % net. Some belated selling on the dividend cut of last Tuesday from $7 to $4 was responsible for the afternoon weakness. Bethlehem Steel, whose report Thursday was better than anticipated, opened with a gain of more than a point on 5,000 shares, advanced further and held 1% of the gain Lo close at 36%, Utilities moved in a relatively narrow range. American Telephone lost more than 2 points for the day and International Telephone a point. Consolidated Gas held well while Electric Power and Light made a small gain. Cotton futures broke to new lows since 1915-1916 as the 1930-1931 season came to a close.

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New York Stocks ——■ ——— IBv Thornton * McEtlnnoni —————

j By United Press NEW YORK, July 31. —Sales on ! the New York Stock Exchange to- ! day totaled 1,200,000 shares; Curb j stock sales totaled 170,000 shares. —Jult 31— | Railroads— Prey. High. Low. Close, close. Atchison 152 Vi 150% 151% 156 Halt <fc 0hi0... 50 48% 48% 49% Chesa & Ohio.. 35 34 35 35 Chesa Corn-.. 36% 35% 35% 3a% Chi Grt West 6% 6% cViTp.V.W 37% '35% 35% 37% :: ::: * ffc Great Northern 42% 42% Gulf Mob & Oil .. ... 14% i Illinois Central 43 42 42V 44 Kan City So M K 4 T ■ 13% j N Y Central... 75% <3% <3% 16% Nickel Plate.... 28 26 27 32 N Y N H it H 67% 64% 64'* 66% 'Nor Pacific 35% 34% 35 35% Norfolk it West.. .. ... 164 164% ; Pennsylvania ... 44 s # 43% 44% 45 ! So Pacific <7 (5% ,6 77 Southern Ry ... *8 28 j St Paul •• •, 5 ; St Paul pfd 8% 8% 8% 8 St L& 8 K 16V* 15% 15% 16 Union Pacific ..154 152, 153 155 ■ W Maryland .... 12 11% 11% il% Equipment*— Am Car Sz Fdy 17% j Am Steel Fd 15V* Am Air Brake S 28 Gen Am Tank... 59*i 58% 59% 58% General Elec .. 40% 39% 4040 Gen Ry Signal 42 Press Stl Car 3% 3% Pullman 33 32% 32% 33% V/estlngb Ar B 25% Westfngh Elec... 62% 58% 59V* 62 Rubbers— Risk % % % % Goodrich 12% 12% 12% 11% Goodyear 39% 38% 39V* 40 Kelly Sprgfld 2% 2% Lee Rubber 3% 3Vi U S Rubber 13V* 13 13V* 13% Motors— Auburn 142 137% 142 142 Chrysler 25% 24% 25 25 Graham Paige 3% General Motors.. 37% 36% 37% 37% Hudson 13 % 13V, 13% 13 Hupp 8% 7% 8% 7% Mack 33% 31% 32 33 Marmon 3% 3% Nash 26% 26V, 26V* 26% Packard 7% 6% 7% 7 Rco 6% 6V* Studebaker .... 18% 17% 17% 18 Yellow Truck... 8% 7% 7% 7% Motor Access— Bendfx Aviation 20V* 19% 20V, 20V, Borg Warner... 19 Vi 19% 39% 19% Briggs 14% 13% 14% 13% Budd Wheel 8% 8% Eaton . 143. uu E! Storage B 54 Houda 6 Vi 5 6 5 Motor Wheel 9% Sparks W 7% Stewart Warner 11 Timken Roll .... 30% 28% 29% 29% Mining— Am Metals 10% 10% 10% ... Am Smelt 31% 30% 31% 31 Am Zinc 5 5 Anaconda Cop.. 24% 24% 24% 25 Cal & Hecla 6% Cal & Ariz 37 38 Cerro de Pasco 16% 16 16 16% Dome Mines ... 11% 11% 11 Vi 11% Freeport Texas 26 Granby Corn 12% 13 Great Nor Ore 18% Howe Sound 19 % Int Nickel.. .. 1274 12% 12% 12% Kennecott Cop... 18 17% 18 18 Magma Cop i4% ... Miami Copper 6% Nev Cons 8% 8% 8% 8% Texas Gul Sul 33% 33V, U S Smelt 17 16 16 Oils— Atl Refining... 15% 14% 14V, 15 Barnsdall 7% 7% 7% 7% Houston 8% 8% Indian Refining .. ... ... 2% Ohio Oil 934 10 Mex Sbd 15 14% 14% 14% Mid Conti 9Vz Phillips 8% 7 7% 8 Pr Oil & Gas 9% 10 Pure Oil 7% 7% Richfield 1% 1% Roval Dutch ... 26% ... Shell Un 6% 6V, 6% ... Sinclair 10% 10% 10% 10% Standard of Cal 36Va 36% 36% 36% Standard of N J 38Va 37% 37% 37% Standard of N Y 18V 9 17% 17% 17% Texas Cos 23 23 % 23% 23 Vi Union Oil 16V, Steels — Am Roll Mills... 20% 19% 20% 20V* Bethlehem 37V'* 36 36% 35V* Byers A M 29% 27% 28% 28V* Colo Fuel I*% ... Cruc Steel 40% 39 . 39 39 Vi Inland 40 Ludlum 11% Newton 8% 8% Repub I & S 13 13 U S Steel 86Vi 83% B'% 86 Vanadium 26% 25% 26 # 26V* Youngst S & W 18 Va Tobaccos— Am To (A new).llß 115 V, 115% 117V* Am To (B new). 121% 118% 119% 122 General Cigar 35’/* Lig fz Myers 8.. 73 70% 72 73 Lorillard 19% 18% 19 19% Phil Morris 11 Reynolds Tob ... 50% 49% 50% 50V* Tob Pr A 10% 974 9% ... Tob Pr B 3% 3% 374 374 United Cig 474 4% 4% ... Utilities— Abitibi 4 4 Adams Exp 14V, 14 14 14 Am For Pwr 27% 26% 27V# 2774 Am Pvt & LI ... 34% A T & T 172 169 169% 171% Col Gas & El.. 29% 28% 28% 23% Com & 50u.... 8 7% 8 8 El Pwr &Li 38 36% 38 36% Gen Gas A 4% 4% 4% 4% Inti TANARUS& T 27% 2674 27% 28V# Natl Pwr & Li 24% 24 24 24 No Amer Cos 6574 64 6574 65 Pac Gas & El.. 46 45 4574 45% Pub Ser N J 78 V* 77% 78 78 So Cal Edison.. 42 41% 41% 42 Std G <fc E 1... 61% 607a 61 60% United Corp.... 22V, 21% 1:2% 22 Ut Pwr 6s L A.. 21% 21% 11% 21% West Union ....116% 112% 113'/* 115% Shipping— Am Inti Corp... 13% 13 13% 13% Am Ship & Com % ... Inti Mer M Pfd 8 United Fruit... 57% 57V# 57% 57% Fool’s— Am Sug 55 54 Armour A... 2 2 Cal Pke... /. 22% 22% Can Dry 37% Childs Cos 15 14% 15 1474 Cont Baking A. . 12% 12% 12% 12% Corn Prod 64% G 4 64 66 Crm Wheat ... ... 28 Cudahy P!:g 40>i ... Cuban Am Sug. .. ... 5 4% Gen Foods 49% 48% 48% 38% Grand Union... 15% 1474 14% ...• Hershev 95% ... Jewel Tea 39% 397', 3974 38 V 4 Kroger 31 30% 30% 30% Nat Biscuit 57Vi 56% 57% 5674 Pillsburv 28 >4 Purity Bak 27 2774 Safeway St .... 64% 6174 63 6174 Std Brands .... 1874 1 774 17% 18 Ward Bkg 3% Drugs— Coty Inc 7% Lambert Cos .... 6574 6 5 6 5 6574 Lehn & Fink.... 26% 2574 2574 ... Industrials— Am Radiator 12% 12% 1274 13 Certainteed 5% Gen Asphalt 19% 1974 19% 19% Lehigh Port 10% Indus Chains— Retail Stores— Assoc Dry Gds.. 18% 18% 18% ... Kresge S S 26% ... Union Carb 49% 48 48% 49 U S Ind Alco.. 287* 27% 27% 28% Allied Chem 111 105V* 1067* 110% Com So v 16% 1674 16% 16V* May D Store ... 33 32 33 32% Mont Ward 20% 19% 20V# 20% Penny J C 37% 35% 37% 35% Schulte Ret St.. 674 674 ... Sears Roe 56 54% 547* 55% Woolworth 687* 67% 68 v* 6774 Amusements— Col Graph 8 77# 774 8% Croslev Radio 5 Eastman Kod ...139% 133% 135% 138

£>* ,* 1574 16 ' 15V. Loews Inc 467'# 44Vi 46% 45% Param Fam 23% 23 23% 23% Radio Corp 177* 16% 17 177# R-K-O ....f... 147* 13% 13% 137# Schubert 3 Warner Bros ... 7 3% e% 6% Congoleum 137* 12% 137* 13 Am Can 947* 90% 91 ! a 94% Cont Can 47% 46% 477* 48 V* Curtiss Wr 3V 3 3 3 Gillette, S R 217'* 21 217*. 21% Real Silk 7V* 6 6% 6 Un Aircraft .... 277* 26% 26% 26% Xnt Harv 39% 37% 387# 397a

Chicago Stocks <Bj James T. HamlU & Cos.)

High. Low. Last. Amer Equities 4% Assoc Telephone Util ... 24% 24 2474 Bendix Aviation 20% 19% 207* Borg-Warner 1974 19V# 1974 Cent 111 Securities 20 Cent Pub Serv ••Del.”.. 10% 10% 10% Cent & So West 16% 1674 16% Chicago Yellow Cab 18 Cities Service 10 97* 10 Commonwealth Edison .199 74 198 199 Cont Chicago 5 4% 5 Cord Corp 774 7 % 7% Corn Securities 1474 Electric Household .... 16% Great Lakes Aircraft... 3Vi 3 374 Grigsby-Grunow 3 Houd-Hershev A 17 74 16 17 V* Houdaille-Hershev B ... 84 5% 67# Insull Util Invest 277* 27 27% Insull Util Inv pfd 2d sr 71 6974 70 Kellog Switch com 37* Middle West Util 177a 17% 1774 Midland United 19 1874 19 Muskegon Motor Spec A 14 National Family Stores. 2% 17* 2 National-Standard .... 28V* 2874 28 V* Noblitt-Sparks Ind Inc 40% 38 40 No Am Light Az Power.. 69% 6874 6974 Parker Pen 127# 11% 11% Public Service N P 205 202 205 Seab Util shares 3V* 374 3Vi Southern Union Gas.... 774 7Vi 774 Swift & Cos. 26 257i 26 Swift Internacional 33 United Gas Corn 6 U S Gypsum com 3574 U S Radio & Tel 327* 31% 3274 Utah Radio 2% Utility & Ind 6Vi 6 6 Utility & Lnd pfd 18 ... Walgreen Cos com 17% 16% 1774 Yates Machine 274 2V# 2% Zenith Radio 274 274 2%

Investment Trust Shares

(By Gibson & Bernard) PRICES ARE TO 13 NOON C. S. T. —July 31— Bid. Ask. Amer Found’s Corp com 3 3Vi Am & Gen Sec A 12 Am Inv Trust shares 4V* 47* Basic’lndustry shares 4% 5% Corporate Trust shares 4% 4% Cumulative Trust shares 6 6% Diversified Trustee shares A... 1474 .... First American Corp 7 7% Fixed Trust Oil shares 37# ... Fixed Trust shares A 12Vi ... Inv Trust NY 6Vi 77i Leaders of Industry series A.. 6% ... Low Priced shares 6% 6% Nation Wide Securities .... 674 6 National Industry shares... 474 5% N Am Trust shares 4% 5 Sel Am shares 474 4% Shawmut Bank Inv Trust ... 8 Universal Trust shares 4% 5% Super Corp of Am Tr shares A 57# 6 Fundamental Trust shares A 574 6% Fundamental Trust shares A.. 6V# 674 U S Elec Li & Pwr A 28 Vi 30 74

New York Curb Market

(By Thomson & McKinnon) —July 31— Close. | Close. Alum Cos of Am. 109 lint Pete 12% Am Cynamld .. 7 1 /*; Midwest Ut .... 17% Am Gas & El.. 62%! Mo Kan Pipe .. 4% Am Sup Pwr .. 10% Nat Avia 6% Ark Gas A .... 3% Nat Inv 4% Ass Gas &EIA 13 Nia Hud Pwr .. 10% Braz Pwr & Lt 18% Penroad 5% Cities Serv 10 St Regis Paper. 12% Cord 7% Shenandoah .... 4% Elec Bnd Sh.. 37V#i Std of Ind 24% Gen Avia 4% St. of Ohio .... 42% Ford of Can.... 17% Stutz 11% Ford of Eng .. 11 Trans Air Trans 5% Fox Thea .... 2% Un Gas 6% Goldman Sachs 5% Un Lt & Pwr.. 20% Gulf Oil 56Vi Ut & Indus .... 5% Humble Oil .... 60% Ut Pwr B 8% Imp Oil of Can ll 7 /# Vacuum Oil ... 45 Ina Terr A ... 9% United Fndrs .. 4% Insull Ut 27%

Cash Grain

—July 31— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41%c New York rate. w r ere: Wheat—Easy; No. 1 red. 40@42c; No. 2 red, 39@41c; No. 2 hard. 39®41c. Corn—Easy; No. 2 white, 50@51c: No. 3 white, 49 0 50c; No. 2 yellow. 48®48c: No. 3 yellow, 47@48c: No. 2 mixed. 46®47c: No. 3 mixed. 45@46c, Oats—Easy; No. 2 white. 17%@18%c: No. 3 white. 16%@17%c. Hay —Steady (F. o. b. country points taking 23 Vic or less rates to Cincinnati or Louisville). No. 1 timothy. $12.50® 13; No. 2 timothy. $11011.50; No. 3 timothy. slo® 10.50: No. 1 light clover mixed, $10.50® 11; No. 1 clover mixed, [email protected]; No. 1 clover hay, $8.50@9. —lnspections Wheat—No. 1 red. 3 cars; No. 2 red. ,59 cars; No. 3 red. 12 cars; No. 4 red. 1 car; No. 1 hard, 2 cars: No. 2 hard, 4 cars; No. 1 mixed. 1 car; No. 2 mixed. 6 cars. Total 88 cars. Corn—(New): No. 2 white, 1 car; No. 3 white, 3 cars; No. 4 white, 2 cars; No. 1 yellow. 2 cars; No. 2 yellow. 7 cars: No. 3 yellow. 4 cars; No. 4 yellow. 6 cars; No. 5 yellow. 4 cars. Total. 29 cars. Oats I—No. 2 white. 18 cars; No. 3 white. 65 cars. Total. 83 cars.

In the Cotton Markets

NEW ORLEANS —July 31High. Low. Close. January 8.97 8.70 8.10 March' 9.20 8.92 8.92 May 9.36 9.09 9.09 October 8.66 8.35 8.37 December 8.90 8.59 8.59 NEW YORK High. Low. Close. January 8.99 8.71 8.71 March 9.20 8.93 8.94 May 9.34 9.09 9.09 October 8.65 8.3S 9.36 December '8.89 8.58 8.59 CHICAGO High. Low. Close. January 9.08 8.80 8.80 March ' 9.28 9.02 9.02 May 9.47 9.23 9.23 October 8.76 8.45 8.46 December 9.00 C. 96 8.70

Indianapolis Stocks

—July 31 — Bid. Ask American Cent Life Ins Cos. 1.000 Belt RR & S Yds Cos com.. 29% 35 Belt R F & Yds Cos pfd 65... 50 55 Bobbs-Merrll) Cos 20 26 V, Central Ind Pwr Cos pfd 7s 73% 78% Circle Theater Cos com 7s 100% 103% Citizens Gas Cos com 10s 23 26 Citizens Gas Cos pfd 5s 98 101 Commonwealth Loan Cos pfd 7s 97 101 Commonwealth Loan Cos Bs. ..100% 101 Hook Drug com 10 Indiana Hotel Cos c1ayp001....105 Ind Hotel Cos pfd 6s 100 Indpls Gas com 6s 56% 60 Indpls Pw & Lt Cos pfd 6%s 104% Indpls Pub Yel Ln Assn cm 8s 55 Indpls Wa Cos pfd 5s 100% ... Pub Servos Ind 7s 97% 100 Puo Servos Ind 6s 82 87 Metro Loan Cos 8s 100% ... No Ind Pub Serv Cos pfd 65.. 100 103 North Ind Pub Ser Cos pfd 5%s 94 96% No Indiana Pub Cos 7s 100% ... Progress 18 V* ... E Rauh & Sons Fert Cos pfd 6s 47 Shareholders Invest Cos 10% ... Ter Haute Tr & Li Cos pfd 6s 90 Union Title Cos com 3s 11 Van Camp Prod Cos Ist pfd 93 Van Camp Prod Cos 2d pfd Bs. .. 93 Backstay Welt C.b 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% 44% 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% ... Ross Gear 18% 20 Natl Title 5% 6% J D Adams Manufacturing Cos 18 20 BONDS Bid. Ask. Belt R R & Stk Yds Cos 4s .... 92 Cent Ind Gas Cos 5s 99% ... Cent Ind Power Cos 6s 100 Citizens Gas Cos 5s 101 Citizens Street Railroads 55.. 21 Home T&T of Ft. Wayne 6s. 1*2% ... Ind Railway & Light Cos 55.. 93 96 IndDls Pow & Li Cos 5s 103% 104% Indpls Gas Cos 5s 102% ... Indpls Street Rvs 4s 10 ... Indpls Trac Terminal Cos 55.. 43% ... Indpls Union Ry 5s 102 Indpls Water Cos 5%s '54.... 104 105 Indpls Wat Cos Ist hen ref ss. 101 Indpls Water Cos 4%s 100 101% Indpls Water Wks Sec Cos 55.. 90 Interstate Pub Ser Cos 4%5.. 99’% ... Interstate Pub Ser Co(B> 6%5.102 Interstate 5s 99 ... No Ind Pub Serv Cos 103 Terre H T & L 5s 93

3% Paid on Savings Security Trust Cos. 11l North Pennsylvania Street

THE INDIANAPOLIS TIMES

SWINE DISPLAY WEAKER TREND AT CITY YARDS Cattle Dull With Quality Plain; Sheep Sell Lower. July. Bulk. Early Top. Receipts. 24. 6.55@ 8.00 8.00 6.000 25. 7.00@ 8.35 8.35 1.000 27. 7.10® 8.40 8.40 4.000 28. 6.900 8.20 8.25 3.500 29 6.900 8 35 8.35 2.000 30. 7.00 0 8.51) 8.50 3.000 31. B.oo® 8.50 8.40 . 4.000 Hogs showed a somewhat weaker tone at the city yards this morning, weights under 240 pounds selling off 10 to 20 cents. Other weights held steady. The bulk, 140 to 280 pounds, sold for $8 to $8.40; early top holding at $8.40. Receipts were estimated at 4,000; holdovers were 89. No changes of importance were recorded in the cattle market. Quality held plain. Receipts were 400. Vealers were 50 cents higher at $9 down. Calf receipts were 500. Sheep were weak to lower with the bulk of lambs selling at $7 to SB. A few made the market at $8.25 to $8.50, Receipts were 1,500. Chicago hogs, 15,000, including 4,0C0 direct. Holdovers, 5,000. Market very slow with a few early sales on beet light weights steady to weak with Thursday’s average; 180-200-pound weights bid $8.25 to $8.35. Cattle, 3,000, and calves, 500. Market steady. Sheep receipts, 9,000 and steady. HOGS Receipts, 4.000; market, lower. —Light Lights—-(l4o-160) Good and choice $ 7.75® 8.00 —Light Weights—-(l6o-180) Good and choice ... 8.40 (180-200) Good and choice.. 8.40 —Medium Weights—-(2oo-220) Medium and g00d... 8.20® 8.30 (226-250) God and choice 7.70® 8.10 —Heavy Weights—-(2so-290) God and choice.... 6.75® 7.50 (290-350) Medium and good.. 6.30® 6.75 Packing Sows ~ (275-500) Medium and g00d... 4.25® 5.75 (100-130) Slaughter pigs 7.50 CATTLE (Slaughter Class) Receipts, 400; market, steady. —Steers — Good and choice 8 7.75® 9.00 Common and medium 5.00® 7.75 (1.100-1.500) Good and choice *. 7.25® 8.75 Medium 5.50® 7.25 —Heifers—-(soo-850) Good and choice, 7.50® 9.00 Common and medium ....... 4.50® 7.50 —Cows— Good and choice 4.50® 5.75 Medium 3.50® 4.00 Cull and medium 2.00® 3.50 —Bulls (yearlings excluded)— Good and choice beefs ....... 4.00® 4.75 Cutter, common and medium.. 2.75® 4.00 CALVES AND VEALERS Receipts, 509; market, higher. —Vealers— Good and choice $ 8.50® 9.00 Medium 6.50® 8.50 Cull and common 4.50® 6.50 —Calves— Good and choice 5.00® 6.50 Common and medium 3.00® 5 00 STOCKERS AND FEEDER STEERS Good and choice 5.25® 7.00 Common and medium 4.00® 5.25 (800-1.500) Good and choice 5.25@ IQ? Common and medium 3.75® 5.25 SHEEP AND LAMBS Receipts, 1,500: market, lower. Good and choice ;....$ 7.00® 8.50 Common and medium J 00@ 7.00 Ewes, medium and choice 2.00® 3.50 Cull and common I.oo® Other Livestock By United Press CHICAGO. July 31.—Hogs—Receipts. 15.000; including 4.000 direct; slow; mostly 10® 15c lower: packing sows steady to 10c lower; top. $3.30; bulk. 170-220 lbs. sß® 8.25; 230-280 lbs.. $6.65@8: pigs. $6.75® 7.50; packing sows. $4.5006.10; light lights. 140-160 lbs., good and choice. $7.40®8.10; lightweights. 160-200 lbs., good and choice. [email protected]; medium weights. 200-250 lbs., good and choice. $7.2508.30: heavyweights. 250-350 lbs., good and choice $5.85®7.50: packing sows. 275-500 lbs., medium and good. $4.50®6.10; slaughter pigs, 100-130 lbs., good and choice. [email protected]. Cattle—Receipts, 3.000; calves. 500; generally steady market with strictly grain fed steers and yearlings strong; top. $9.15, paid for mixed steers and heifer yearings: best weighty cattle. $8.50; some rather rough, but fat 1.500-lb. averages bringing $7.75: heifer yearlings to $8.85: most light grassy heifers selling [email protected]: slaughter cattle and vealers: Steers 600-900 lbs., good and choice. $8®9.50; 900-1.100 lbs., good and choice. $7.7509.25: 1,100-1.300 lbs., good and choice. $7.25®9: 1.300-1.500 lbs., good and choice. $708.75; 600-1.300 lbs., common and medium. $4.75®7.50: heifers. 550-850 lbs. good and choice, $6.75@9; common and medium. $3.75®6.75: cows, good and choice, $4®6.50: common and medium. s3®4: low cutter and cutter cows. s2®3; bulls, yearlings excluded, good and choice, beef. $4.25®5: cutter to medium. $3®4.75: vealers. milk fed. good and choice, $8.50@10; medium, [email protected]; cull and common. $5 0 6.50: stocker and feeder cattle; Steers. 500-1 050 lbs., good and choice. [email protected]: common and medium, s4® 6. Sheep—Receipts. 9,000: slow; fat lambs weak'to 25c lower: top natives. $8.25; bulk to packers. $7.50®7.75; rangers unsold, bidding around steady at $7.75 for best; sheep scarce, weak; few desirable ewes $2.75®3.50; slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice. s7® 8.25: medium. $5.25®7: all weights, common, [email protected]: ewes. 90-150 lbs. medium to choice. $2.2504: all weights, cull and common, $1®2.75; feeding lambs. 50-75 lbs.. good and choice, $5®5.85. By United Press CINCINNATI. July 31.—Hogs—Receipts. 1,400: held over. 290: slow, mostly steady: desirtible 170-225-pound average, $8.40® 8.65; two loads and a few lots of outstanding 170 to around 190-lb. averages to shippers 10c higher at $8.75; medium and heavyweight butchers very irregular sellers: 230-260 lbs.. $7.2508.25: some 275310 lbs.. $6.50@7: 120-160 lbs. mostly $8; sows scarce; a few $4.50®5. Cattle —Receipts. 400; calves 600: very slow, steady to weak; spots 25c lower on heifers; common and medium grass steers and heifers. ss®7; a few better kind. $7.50: practically nothing here of value to sell above: bulk beef cows. $3.75®4.75; low cutters and cutter cows. $2 0 3.50; practical top bulls. $4.50: vealers unevenlv steady to 50c lower; good and choice sß@9: lower grades. $8 down. Sheep—Receipts. 7,400; lamb trade highly irregular; unevenly 50c to 75c or more lower; most local interests refusing to pay over $8®8.50 on better grade ewe and wether lambs; several decks on shipping account. $9; throwouts in very narrow demand at [email protected]: sheep steady; fat ewes. $2 02.50. largely. By United Press FT. WAYNE. July 31.—Hogs—Market 10 ®2oc lower; 100-140 lbs.. $7.50; 140-160 lbs.. $7.75; 160-180 lbs.. $8.10; 180-200 lbs., 58.25: 200-210 lbs.. $8.10; 210-220 lbs.. $8: 220-230 lbs.. $7.80: 230-240 lbs.. $7.60; 240250 lbs.. $7.45; 250-260 lbs. $7.20: 260-270 lbs., $7: 270-280 lbs.. $6.85; 280-290 lbs.. $6.70; 290-300 lbs.. $6.55: 300-325 lbs.. $6.35; roughs. $4.25; stags. $3.25; calves. 8: lambs. $7.25. By United Press EAST ST. LOUIS. 111.. July 31.—Hogs— Receipts, 6.500; market opened 10® 15c lower; later bids oft more; pigs and sows. 15® 25c lower; early sales 140-210 lbs.. $8.20 @8.35: few. $8.40; 100-130- lb. pigs. $7.50 W 8.10; scfiws largely $4.50®5.75. Cattle — Receipts. 1.000; calves—Receipts. 700; market very few on sale; general steady; No native steers; two loads western steers. $5.25: some cows, $3.5004.50; low cutters. [email protected]; vealers. $8.50; not enough sales in other classes worth mentioning. Sheep —Receipts. 1.500: market, steady; lambs to packers. $7 to mostly. $7.25; cut lambs. ’s6 @6.25; throwouts, $4: fat ewes, $3 down. By United Press CLEVELAND. July 31.—Hogs—Receipts, 1.000; holdovers, 113; mostly 5c lower; 160230 lbs. sorts, at largely $8.60; packers. $3.50; fully as much or more lower on $3®3.40-lb. kinds around $6.50@7: widely mixed, 255-lb. averages. $7.25. Cattle— Receipts. 350; steady but inclined to be slow; bulk common steers. $6.75 downward; usually scaling 940-1008 lbs., packers, medium, $7.50; medium, 640-lb. heifers, $6.85; cows and bulls scarce, steady; calves, receipts, 450; steady sorts considered; desirable vealers. $10010.50; occasionally higher on best individuals: most plain vealers, $7.50 down; best quality along with most medium vealers, $8.5009. Sheep—Receipts, 800; steady to weak; most desirable lambs. $9 down; packers, $9.25; quality to sell $8 downward predominating; culls downward to $5 and under. By United Press TOLEDO, July Sl.—Hogs—Receipts. 150; market, steady, heavies. $6.500 6.90; mediums. $7.40@8: yorkers. $7.50 0 7.75; pigs, $7.50®7.75. Cattle—Receipts, light; market, steady; calves, receipts, lights; market. steady. Sheep—Receipts, light; market, steady. New York Liberty Bonds —July 31— 3%s 103.15 Ist 4%s 103.7 4th 4%s 104.25 Treasury 4%s 112.20 Treasury 3%s 101.14 Treasury 3%s of ‘47 102.25 Treasury 3%s of -43 March 102.21

Dow-Jones Summary

New York Cables opened In London at 4.85% agaist 4 86; Paris checks. 133.90; Amsterdam. 12.057; Italy. 53.85. and Berlin. 20.50. Trico Products In six months earned $3.05 a share on unrestricted stock against $3.08 in first half of 1930: June quarter. $1.68 a share against $1.37 in previous quarter and $1.56 in June. 1930 quarter. Lerner Stores Corporation In six months earned $1.14 a common share against $2.24 in first half of 1930. D. Pender Grocery Company declared the regular quarterly dlvidepd of 87% cents on Class A stock payable Sept. 1. record Aug. 20. Borg Warner Corporation and constituent companl**. six months ended June 30. net profit $1,084,845 after depreciation. federal taxes, etc., against $2,375,371 In the first half of 1930. Pacific Lighting Corporation In twelve months to June 30 earned $3.97 a common share against $4.67 in the preceding year. American Thread Company year ended March*3l, 1931. net profit $890,068 after interest, depreciation, taxes and Inventory adjustments against $1,309,053 in preceding fiscal year. North American Aviation, including Income of wholly owned subsidiaries, six months ended June 30. shows net profit $540 410 after expenses and federal taxes against $1,001,401 in first half of 1930. Brokers’ loans declined $26,000 000 In week to $1 390.000.000; nonbrokers’ loans increased $4,000,000; reserve system ratio 84 3-10 per cent against 84 3-10 per cent a week ago and 83 5-10 per cent a year ago; New York ratios 90 4-10 against 91 1-10 per cent and 87 7-10 per cent, respectively. No announcement on rediscount rate now at 1% per cent. Engineers Public Service in twelve months ended June 30 earned *2.18 a common share against $2.67 in previous twelve month?. Calumet and Hecla Consolidated Copper Company June auarter net loss $583,547 after taxes, depreciation, depletion. etc., against net loss of $735.474 in previous quarter and net loss of $155,750 in like 1930 quarter’, six months’ net loss $1,319,021 against net profit $573,947 In the first half of 1930. Seaman Brothers. Inc., in year ended June 30, earned $3.77 a share against $5.55 In the previous year. Daily average volume of Federal Reserve Credit outstanding during week ended July 29, was $938,000,000, a decrease of $15,000,000 from the previous week but an increase of $4,000,000 over like 1930 week. New York, Chicago and St. Louis, omits the regular quarterly dividend of $1.50 each on common and preferred stocks due at this time. Youngstown Sheet and Tube operating at 41 per cent against 34 per cent a week ago. Pittsburgh and West Virginia in six months earned 54 cents a share against $2.60 in the first half of 1930. Reliance Manufacturing Company of Illinois six months net $1.03 a common share against 42 cents a year ago.

In the Stock Market

(Bv Thomson & McKinnon) NEV/ YORK, July 31.—Increasing dividend uncertainty appeared to be the principal factor in today’s unsettlement, Rather heavy pressure developed on several leading stocks as a result of anxiety over the maintenance of present dividends. This pressure, together with some foreign liquidation, quickly checked the early bulge, brought about largely by the continuation of Thursday’s short covering movement. Interest in foreign affairs was diverted to the strenuous efforts of the British government to balance its new budget. Possibly this embarrassment led to the selling reported as originating abroad, although the London market reflected no particular concern. Weakness in the commodity markets, with new lows for cotton, wheat and new crop com futures, was also a discouraging factor. While sentiment lacks that element of despair which was instrumental in depressing stocks last May, It also lacks any worthwhile optimism so far as the present is concerned. Os course, nothing comes nearer the heart of an investor than dividends. With talk of dividend reductions becoming more insistent and including leading industrial and rail shares, it will be difficult to build up Investment confidence. Moreover, it mitigates against a sustained recovery.

Net Changes

By United Press NEW YORK, July 31.—Closing prices and net changes on princinal stocks traded today on the New York Stock Exchange follow: Amer Can (ex-dividend)... 91% Y?! *2%’ Amer & Foreign Power..,. 27% . . % Amer Telephone 169V* 2% Auburn (unchanged) 142 Bethlehem Steel 36% i% Case 55% 4% Chrysler (unchanged) .... 25 Consolidated Gas 91% % Electric Power 38 1% Fox Film (A) is % ’" General Electric (unch.).,. 40 . General Motors 37% % International Nickel ..12% ... % International Telephone... 27% ... l' Kennecott (unchanged) .... 18 ... . Loew’s. Inc 46% 1% Lorillard .19 . . % Montgomery Ward 20% ... % National Biscuit 57% 1 N. Y. Central 73% . 2% Radio 17 ... % Standard Brands 17% . % Standard Oil. N. J 37% ... % Texas Corp 21% % Union Carbide 48% . . % United Aircraft 26 % % . United Corporation 22V# % .. United States Steel 85% % Westinghouse Electric 59% ... 2% Woolworth 68% % ... Worthington Pump 41% ... l

New York Bank Stocks

(By Thomson & McKinnon) —July 31— Bid. Ask. America 40% 43V* Bankers 92% 95 V* Brooklyn Trust 380 390 Central Hanover 213 218 Chase National 64 67 Chatham Phoenix Natl .. 59% 62% Chemical 45% 47% City National 74% 77% Corn Exchange 92 97 % Commercial 232 242 Continental 23% 26 % Empire 31% 33% Manhattan & Cos 64% 67% Manufacturers 41V* 43% New York Trust 141 146 Public 46% 49%

Local Wagon Wheat

City grain elevators are paying 36c for No. 2 red wheat and 35c for No. 2 hard wheat.

Bank Clearings

INDIANAPOLIS STATEMENT —July 31Clearings $1,996,000.00 Debits 4.557,000.00 Clearings for month 80.930.000.00 Debits for month 177.945,000.00 CHICAGO STATEMENT —July 31 — Clearings $48,900,000.00 Balances 2.400 000.00 TREASURY STATEMENT —July 31— Net balance for July 29 $287,257,142.32 Expenditures 9.283.599.64 Customs reels, mo. to date.. 31.825.173.23 NEW YORK COFFEE RANGE —July 31— High. Low. Close. March 5.77 5.65 5.68 Mav 5.86 5.78 5.78 July 5 86 ... 5.83 September 5.27 5.20 5.27 December 5.64 5.46 5.49 RAW SUGAR PRICES —July 31High. Low. Close. January 1-48 1.45 1.48 March 1 53 1.49 1.52 May ....J 1.57 154 1.57 July ....h 1.3 1.60 1.63 September 1.46 1.42 1.45 December 1.47 L 44 1.47

RECORD LOW IS MADE AS JULY WHEATCRASHES Short Covering Sends July Corn Up 4 3-8 Cents at End of Day. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, July 31.—Last-minute liquidation of July wheat sent that month tumbling to anew record alltime low on the Board of Trade today when it crashed 3 cents under Thursday’s close to 48 cents a bushel. This broke the record of 50 cents set by September just before noon. The close was on a downswing, with very little of the loss recovered. July corn reached 72 Vs cents on short covering just before the close for another substantial gain. The deferred months weakened or rain reports and the weakness in wheat and December set anew low since 1906. Oats also went into new low ground, but rallied. Cash Prices Steady At the close wheat was 3 cents lower on July and % to % cents lower on the deferred months; com was Vx to Vs cent lower, with July 4% cents higher, and oatswere Vx cent lower to Vx cent higher. Provisions were 20 to 30 points lower. Cheap Russian offerings weakened Liverpool and that market finished Vs to % cents lower. Winnipeg was weak on the rains in Canada and the American northwest but made a small rally early. Cash prices were unchanged with traders busy adjusting the basis to the September delivery. Receipts were 671 cars. July corn started slow and Vx cent lower but met good support and ran up 4 cents to 72 before meeting profit-taking and scattered selling that left the prices 3 cents higher at mid-session. Deliveries were 681,000 bushels early. Rains Are Needed There were no rains in the belt and temperatures remain fairly high but, while this gave the deferred months early firmness, they eased late on the prospects that the rains in the northwest w’ould work into the corn belt over the week-end. Prices were Vx cent lower to % cent higher early. Cash prices were Vz to 2% cents higher. Receipts were 16S cars. Oats suffered a dull trade but there was sufficient selling to put July and December at new lows for the season. July fell % cent early on scattered long liquidation while the deferred months were off Vx cent. Cash prices were unchanged to % cent lower. Receipts were 78 cars. Chicago Grain Range —July 31 — WHEAT— Frev. _ , Open. High. Low. Close, close. July... 51% .51% .48 .48 .51 Sept... .50% .50% .49% .50% .50% Dec 54% .54% .53% .54% .54% CORN— July... .67% .72% .67% .70% .68 Sept... .51 .51% .49% .50% .50% Dec... .44 .44% .42% .43% .43% OATS— July... .22% .23% .22V# .23% .22% Sept... .23% .23% .22% .23% .23% Dec 25% .25% .25% .25% 25% RYE— July... .33 % .33% .33 .33 .33V* Sept... .34% .35% .34% .35 .35 Dec 38% .39 .38% .38% .39 LARD— July.. 7.65 7.65 7.47 7.47 7.70 Sept.. 7.67 7.67 7.47 7.47 7.70 Oct... 7.65 7.65 7.40 7.40 7.67 Dec... 6.80 6.80 6.62 6.62 BELLIES— July.. .. 7.47 7.75 Aug... 7.47 7.47 7.47 7.47 Sept.. 7.60 7.60 7.60 7.60 7.90 By Times Special CHICAGO. July 31.—Carlots: Wheat, 842; corn, 417; oats, 83; rye, 3. and barley. 18. By Times Special CHICAGO. July 31. —Primary receipts— Wheat. 3.286 against 4,710; corn, 592 against 580: oats. 674 against 994. Shipments—Wheat. 2,709 against 2,808: corn, 255 against 468; oats. 164 against 256. By United Press CHICAGO. July 31.—Cash grain close: Wheat—No. 2 red. 60@50%c; No. 1 hard. 50%c; No. 2 hard. 50®50%c; No. 3 hard. 48%048%c: No. 1 northern. 50%0 51c. Corn—No. 3 mixed. 62%c; No. 1 -eilow, 69% ®7lc; No. 2 yellow. 67®71c; No. and yellow. 53%@60c; No. 5 yellow, 51c; No. 2 white. 67%c; No. 3 white. 60c; sample grade,, 46c. Oats—No. 2 white (old). 24% @25%c: No. 2 white (new). 21%@22c; No. 3 white (new). 20@20%c. Rve —No. 2. 41c. Tim0thy—53.7504.25. Clover —$12.50 0 19.50. By United Press TOLEDO, 0., July 31.—Close; WheatNo. 2 red, 44%®45c; No. 1 red, 1 cent premium. Corn—No. 2 yellow, 55%@56%c: No. 3 yellow. 54%@55%c. Oats—No. 2 white, 21@25%c; No. 3 white. 19%®23%c. Clover—Prime. $13.50; Oct., $13.50;' Dec., $13.75. Alsike—Cash, ’58.65; Aug., $8.65; Dec., $8.90. Butter —Fancy creamery, 27® 28c. Eggs—Country run, 18@22c. Hay Timothy per cwt, $1.25. Births Girls Arthur and Mary Kaster, 415 South Ritter. Carl and Orah Taylor, 4639 North Arsenal. John and Ellen Bader, 408 North Grant. George and Florence Manship, St. Vincent’s hospital. Leland and Charlotte Carter, St. Vincent’s hospital. Raymond and Helen McVey. St. Vincent's hospital. Clarence and Nellie Maddox, St. Vincent’s hospital. Earl and Uma Dempler, 601 St. Paul. George and Maud Calvert, 802 East Minnesota. Boys Robert and Janet Bain. 4323 Carrollton. Charles and Florence Price, 2735 North Dearborn. Arthur and Elizabeth Smith, 863 Fletcher. Myrel and Martha Lewis. 541 North Hamilton. Deaths Alvin Bullard, 44, Methodist hospital, accidental. Nicholas J. Carroll, 51, St. Vincent's hospital, dibetes mellitus. Max I, Engelman, 82, 852 South Pennsylvania, chronic myocarditis. Mary Schneider, 64, 1416 Woodlawn, carcinoma. George Bork. 54, 1624 Orange, carcinoma. Goodman Simon. 83, Christian hospital, chronic myocarditis. SOVIET RECOGNITION URGED BY THOMAS Socialist Leader Also Cites Need of Debt Canceling, Arms Slash. By United Press WILLIAMSTOWN, Mass., Aug. 1. —Recognition of Russia, cancellation of war debts and the success of the next disarmament conference at Geneva are the three factors most necessary for world peace, Norman Thomas, director of the League for Industrial Democracy, said Friday in an address at the Institute of Politics. The United States is preventing the accomplishment of the first two items, while France is the stumbling block in the third, Thomas said. A different view of disarmament was expressed by Frank H. Simonds, writer on foreign affairs, who said that with the world in its present state, disarmament might lead to armed conflict. Forger Seeks Capone’s Aid FRANKLIN, Neb., Aug. I.—Robert Van Allen, held in the county jail on a charge of forging a check for sl6, has written to Alphonse (Scarface Al) Capone of Chicago, asking for aid.

Bright Spots of Business

By United Press NEW YORK. July 31.—Steel operations in Youngstown district increased 3 per cent this week to 45 per cent of capacity. Endicott Johnson Corporation reported first half net profit of $1,333,752 vs. $1,223,236 in like 1930 period. Keivinator Corporation second quarter net profit totaled $1,714,407 vs. $1,489,933 in like period last year. Shoe industry in Manchester, N. H„ increased operations this week to 60 per cent of capacity, with many plants on full time. Gatineau Power Company electric output during May increased 20 per cent over May, 1930, Standard Cigar Company will reopen its Brackenridge plant next week on a full-time basis. Fall orders for hats are much heavier than a year ago, according to Cavanagh-Dobbs, Inc.

Produce Markets

Eggs (country run)—Loss off delivered in Indianapolis. 12c: henerv quality No. L 14c: No. 2. 9c. Poultry (buying prices)—Hens weighing 5 lbs. or ovtr. 17c: under 5 lbs.. 17c; Leghorn hens. 13c; 1930 broilers, lull feathered 3 lbs. and up 24c; under 3 lbs.. 21c; bareback. 12c; Leghorn broilers. 18c: ducks. 9c: oid cocks. B®9c: ducks, full feathered, fat whites. 9c; geese. 6c. These prices are for No. 1 too Quality, quoted by Klngan 6 Cos. Butter (wholesale)—No. 1. 27®28c: No. 2. 25®26c. Butterfat—26c. Cheese (wholesale selling price per pound)—American loaf. 23c: pimento’loaf. 25c; Wisconsin firsts. 18%c; Longhorns. 18%c: New York limberger. 30c. By United Press NEW YORK. July 31.—Potatoes—Market, dull and weak; Long Island, $1.7502.25 barrel: Southern, $1®2.25 barrel. Sweet Potatoes—Market, dull; Jersey baskets. $1.75@2; Southern baskets, $102.75. Flour —Market dull and unchanged; spring patents, $4.1004.40 barrel. Pork—Market, steady. Mess—s2l.7s. Lard—Market quiet. Middle west Spot—.o79c. Tallow—Market, steady; special to extra. .03%0.03%c. Dressed Poultry—Market, steady to firm; turkeys. 25@50c; chickens. 23@40c; broilers. 22@31c; fowls, 12®27c; Long Island ducks. 13018 c. Live Poultry—Market, steady to firm; geese, 10@12c; ducks, 12® 21c; fowls. 20®25c; turkeys, 15@25c; roosters. 15@16c broilers, 21027. Chese—Market, quiet and firm: state whole milk, fancy to special, 14022 c; Young America fresh. 15® 16%c. * By United Press CHICAGO. July 31.—Eggs Market, steady; receipts. 8,682 cases; extra firsts. 19®20c: firsts. 18c: current receipts. 15® 16%c: seconds. 12®13%c. Butter—Market, steady; receipts. 9.200 tubs: extras. 24%c: extra firsts. 23®23%c; firsts. 21022 c; seconds, 19@20c; standards. 24%c. Poultry —Market, steady; receipts. 2 cars: iowis 20@21c: springers. 27@29c: Leghorns. 15c: ducks. 16@18%c: geese. 14c: turkevs. 15® 18c: roosters. 13c; broilers. 2 lbs.. '23®24c; broilers .under 2 lbs.. 22024 c; Leghorn broilers. 19@20c. Cheese—Twins. 13%® 13%c; young Americas. 14®14Vc. Potatoes—On track. 236: arrivals. 82; . shipments. 324; market, weak; Missouri sacked Cobblers. [email protected]; Kansas sacked Cobblers, [email protected]; East Shore Virginia barrels. $2.35 @2.50. By United Press CLEVELAND. July 31.—Butter—Extras, 28%c: standards. 28%c: market, steady. Eggs—Extras. 22%c; firsts. 17%@18%c; ordinaries firsts. 15%c: market, steady. Poultry—Heavy fowls, 22@23c: medium. 22c: Leghorn, 15®18c; heavy broilers. 23® 26c; light broilers. 17®21c: ducks, 12015 c; old cocks. 12c; geese. 10@15c; market, steady. Potatoes—Virginia cloth top stave barrel. United States No. 1 Cobblers, mostly [email protected]; best $2.50; poorer grades, $1.85@2. By United Press CINCINNATI, July 31.—Butter—Steady; creamery in tub lots according to score, 21®23c: common score discounted 2®3c; packing stock No. 1,18 c; No. 2,15 c; No. S, 8c; butterfat, 21023 c. 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, 21%c: 4 lbs. and over, 21c; 3 lbs. and over. 15c; Leghorn. 3 lbs. and over, 15c: roosters, 10c; broilers colored, 1 lb. and over, 23c; 1% lbs. and over, 25c; 2 lbs. and over, 25c; fryers. 3 lbs. and over, 26c: partly feathered, 15®20c: Leghorn broilers, l lb. and over, 21c; 1% lbs. and over, 21c; 2 lbs. and over, 21%c; black springers, 20c Other Livestock By United Press PITTSBURGH, July 31.—Hogs—Receipts, 750; market.steady to 10c lower; 150-220 lbs.. $8.6008.85; 230-260 lbs., 57.75®8.35; heavier weights down to $7; 100-140 lbs., $7.7508.25; most packing sows, $505.50; good lightweights, up to $5.75. Cattle— Receipts, 100; no early trading: calves, receipts, 100; market, steady; choice vealers. up to $9.50. Sheep—Receipts, 1,250; iambs, about 25c lower: good to choice, 60-70-lb. lambs, $808.50; medium grade down to $5.50. By Times Special LOUISVILLE, July 31. —Cattle—Receipts. 150 - nominally steady; bulk slaughter steers and heifers. S6®7: lower grades. $4 @£.75: best cows. [email protected]; undergrades ranged downward fro $1.25: bulls. s3®4 Calves—Receipts 200: steady: best vealers, $7®7.50; medium. [email protected]: culls. $5 down. Hogs—Receipts. 200: steady; 160-220 lbs.. $8 25; 220-290 lbs.. $7.50: 290 lbs. up. $6.25: 140-160 lbs., $7.50; 140 lbs. dowp. $7; sows. [email protected]: stags. $4 down. Sheep and Lambs—Receipts, 1,200; mostly 50c lower: practical top $7.75; one outstanding deck, i $8.25; buck lambs [email protected]; light fat ■ lambs. $5@S: culls. $4 down; fat ewes $2.50 down; aged bucks. $101.50. Friday's shipments: Cattle, 94; calves. 427; hogs, none; calves, 169. By United Press EAST BUFFALO. July 31.—Hogs on sale, 1.125; fairly active; mostly to packers, generally steady; bulk desirable 130-210 lbs., $8.7508.85; 250-260-lb. butchers. $7.50. Cattle—Receipts. 375: cows barely steady; cutter grades. $1.7503: nothing done on grassy steers. Calves—Receipts 940: nearby vealers active, steady, good to choice. $9.50: common and medium. $6.500 8.25. Sheep—Receipts. 2.500; lambs, unevenly 25%50c lower; medium and lower grades draggy at full decline: good to choice. $8.75 @9: closely sorted kinds eligible to *9.25: medium kinds and bucks. 57.25@8; throwouts. $6®6.75. LIVESTOCK FREIGHT RATE TO OHIO CUT Charges From Texas to All Points ! in Indiana Held Fair. By United Press WASHINGTON, Aug. I.—The interstate commerce commission Friday ordered a slight downward revision of freight rates on carload shipments of cattle, calves and sheep from Ft. Worth, Tex., to Cincinnati, 0., and certain destinations in Ohio. The commission’s order upheld as reasonable present livestock rates from Texas to all points in Indiana and Ohio except Cincinnati. Commissioners Brainerd, Eastman and Lewis dissented, holding that the rates should be further reduced. Eastman said the report “preserved on livestock the antiquated and obsolescent method of constructing through rates between the west and the east by combination of the Mississippi river.’’ “This combination will be very materially higher in level than the eastern scale and even than the western scale,’’ Eastman wrote. The rate from Ft. Worth, Tex., to Cleveland, 0., would be 70 cents under the western scale rate but 83 cents under the approved combination rate. The rate to Columbus would be 66 cents under the western scale and 79 cents under the approved rate. The Indianapolis rates, respectively, are 59 and 70 cents and the Terre Haute rates, 57 and 66 cents. RETURN 2 IN ROBBERY Negro Pair Suspected Accomplices in Walker Theater Holdup. Rudolph Clay and Andrew Allison, Negroes, both of Chicago, were returned from that city early today to answer to robbery charges in connection with the $l7O holdup of the Walker theater. Clay and Allison waived extradition. They have been indicted by the grand jury. .Four other Negroes await trial on I robbery and conspiracy Jcounts in connection with the theater holdup.

/AUG. 1, 1931

TOO LATE TO CLASSIFY ' STOVES ~ One green and cream enamel coal range, $45. One cast iron coal range, 130, One two-burner and one three* burner coal oil stove, $lO and sli each. One five-burner cool oil range, $35. One gas range, green and creanj trim, oven control, insulated oven, $35. Unclaimed Freight Station ' Cor. Capitol and South St. Legal Notices BOARD OF ZONING APPEALS NOTICE OF HEARING Notice is hereby eiven that W. m. Hubert has filed with the Board of Zon. lng Appeals of the City of Indianapoia, a petition asking permission to vary Ui requirements of the Zoning Ordinance by erecting a two way double house at 6101-03 Central avenue. A public hearing will be held by salff Board in Room 104. City Hall. Tuesday, August 11th. 1931, at 2:30 p. m.. at which time and place all interested persons will be given opportunity to be heard in reference to the matters set out in said petition. BOARD OF ZONING APPEALS GEO. T. O CONNOR. President. H. B. STEEP. Secretary-Engineer Death Notices BENICK. MARY—Age 7 years, beloved daughter of Edward and Ada Benlca. sister of John. David. Junior and Anna Benlck. niece of John and Theresa Benick. passed away at her home. 711 Concord St.. Thursday. July 30. Funeral Monday, Aua. 3. 8 a. m. at the All Trinity Catholla church. Burial at St. Joseph'* cemetery. Friends may call at the above address anv time after 3 n. m. Fridav. CHARLES STEVENS in charge. BULLARD. ALVIS —Age 44 years, entered into rest. July 29. 11:59 p. m. Survived bv his wife. Mary E. Bullard and stepson. Harold Bishop. Short servicea at the residence. 1823 Fletcher Ave., Saturday. Auc. 1. 10 a. m Services arid burial Union cemetery. Forest Hills Ind , 2 p. m. Friends Invited. LITTLE <b SONS in charge, (Greensburg paper* please copy.) CARROLL. NICHOLAS J.—Beloved husband of Sarah Carroll (nee Fennell 1 , father of Thomas P. and James Joseoh. Carroll, brother of Thomas Carroll and Mrs. Thomas O'Connell of Indianapolis. Patrick Carroll of Ireland and James Carroll of South Africa, died Wednesday July 29. Funeral from the residence. 440 W. Merrill St.. Saturday. Aug. 1. 8:30 a. m. Services at St. John's church at 9 a. m. Deceased was member of Division No. 2. A. O.- H, Catholic Order of Foresters. Hiawatha Tribe Red Men and Haymakers. Friends Invited. GARRISON. EMMA—Of 1529 North JefferT son ave, beloved wife of Edgar Garrison and mother of Mrs. Pearl Wood of St. Paul, Ind.; George Garrison, Mrs. RutU Duchett of Indianapolis, departed this Hie Thursday. July 30, age 61 years Funer.-l Sunday, Aug. 2, at the Union chapel. Si Paul. Ind, 1:30. Friends invited. Funeral under the direction of MOORE A; KIRK. GINSBERG. CAROLINA—BeIoved wife of Charles Ginsberg and mother of Mrs Anna Small. Mrs. Daisy Budd. Mrs. Augusta Zimmerman. Albert. Charles. August and Mlrs Louise Ginsberg. Indianapolis and Mrs. Bertha Hyde of Los Angeles' Cal, departed this life Wednesday. July 29. age 70 years. Funeral Saturday. Aug. 1 at the residence. 2038 North Temole at 2 p. m. Friends invited. Burial Washington Park cemeterv. Funeral un-' tier the direction of MOORE AND KIRK. MAY, LOUlSA—Entered Into rest Thursday, July 30, 3 and. m, age 85 years; beloved mother of Frank May. sister of Carrie E. Hasseld. Funeral Saturday Aug. I. at the residence, 2267 North La Salle st, 2 p. m. Friends invited. Burial Crown Hill. HARRY W. MOORE to charge. MORRIS. WILLIAM E.—Age 52 yrT" brother of Mrs. L. Ferguson and H. N* Morris, passed awav Thursday July 30 Funeral from FINN BROS. 'FUNERAL HOME. 1639 North Meridian, Saturday Aug. 1, 7:30 a. m. Services St. John.* church 8 a. m. Burial Holy Cross cemetery. Friends Invited. MUMFORD, ELLA J.—Widow of George F Mumford and mother of John M. Mumford of Miami. Fla. Mrs. C. E. McConlev of Los Angeles and Mrs. Earl C. Wolf of Indianapolis, sister of Misses Katherine and Mary Crahan. died Thursday. Funeral Monday. Aug. 3. 8:30. from t&r home of Mrs. Wolf. 4821 College Ave 9 a. m. St. Joan Arc church. Burta! Holy Cross cemeterv. Friends invited. KIRBYDINN SERVICE. Card of Thanks The family of the late JAMES A DIGGLE, wish to extend sincere thanks and appreciation for the many kindnesses, messages of love, and understanding, and the beautiful floral offerings from our many friends and fellow workmen, and organizations. tendered during the illness and death of our dear husband, father and grandfather. We especially thank the members of Oriental Lodge 500 F. A. M, The Ancient Accepted Scottish Rite, the Rev. Lewis E. Brown, for his kind and consoling words, and the undertakers Mr. and Mrs. F. John Herman for their highly proficient service. THE FAMILY. Funeral Directors WM. D. Mortuary. Phona Be. 1888 1321 W. Ray Bt. ROY J. TOLIN 923-925 English. Dr. 6989. W. T. BLASENGYM Main office. 2220 Shelby St. Drexel 2570. George Grinsteiner Funeral director. 522 8. Market. Riley 817*. UNDERTAKERS HISEY & TITUS 931 N. Delaware. LI. 3831, i. C. WILSON funeral "parlors, ambulance service and modern automotive eaulo_ment. Dr. 0331 and Personals RHEUMATISM, muscular pains, neuralgia and varicose veins can be promptly relieved with a special formula, Wintergreen Liniment. Guaranteed to show results upon the first application or your money refunded; 50c and $1 bottles. Prepared only by the B. M. Keene Drug Cos, Delaware and Ohio sts, Indianapolis, Ind. Mail orders promptly filled. DETECTIVES—Private. OONFIDENTIA ll 525 Lemcke Bldg. Rl. 1864; eves, Ha. 3107. Patents SELL your patent or invention by exhibiting your model or drawing at tne Second and Greater INTERNATIONAL PATENT EXPOSITION. CHICAGO. Thousands of manufacturers and patent buyers will inspect new devices and patents for marketing. Very low rates. If you have no model, drawing and description will do Send for free pamphlet. B. HAMILTON EDISON. Managing Director. International Patent Exposition, Merchandise Mart, Chicago. IF YOU DON’T FIND what you are loon - lng for in the w'ant ads today. It mav be advertised here tomorrow. Read Times classified ads riallv Special Notices CATARRH AND HAY FEV’ER ■ E-N-T Oil is prescribed by physiclans and used by specialists. A Eg mild, fragrant, easy-to-use oil that §1 acts quickly and pleasingly. Sold g3 on money-back guarantee. At all gw drug stores. 50c and SI.OO E-N'-T M Oil Cos, Inc, Indianapolis. una; a ant ■ml ~ . „ SIO,OOO Accident policy, $2 per year. Have you had your vacation? Do you expect travel? Let u explain. Ll. 2882. Transportation IF YOU—Are driving somewhere and wish 5°1 Ke U. lai quests to share expense, cn.l Auto Travel Bureau. Ll. 4351. 426 N. HI, Business Announcements UOOK —lnitials put on both sides car. anv S?: R - 3073 - 950 N - Ne " BAIH ROOM—Complete. *6O. plumbing <S jeatjng installed: reamnaoie Ta 4057. DO YOU'NEED ANY LIGHT PLUGS? Let us repair or Install them FRAxNK ELECTRIC CO, Li 5962 ALL KINDS of furnace work. Work guaranteed. Inspection free. IR. 7481 BUILDING contracting, general repair work. Calf me forest! NELBQN. Be 3157. Stooge and Transfer LOCAL AND OVERLAND TRANSFER. : Fire-proof storage house. Store new. pay 6 months later, No charge for hauling. pARTLOW-JENKINS MOTOR CAR CO 419 E Market Rl fiM NORTHWESTERN TRANSFER CO —Price* reasonable. Call at all times. Ts. 3741. MOVING s3—You help. SI less; quick service: careful white men. Ch 5840 „ CARLIN TRUCKING CO. Cash or 30 davs. Li. 9789. Ch. 1703LET RUSSELL TRANSFER move you credit: 30 davs Rl 3455 Res. Be 43 STORAGE-OVERLAND HAULING Special Drlces on return toads, pack. California shipment RL 3528. Rl. 6561 Fights, CH. 0909-ft OTTO J BUESZi Instructions SPECIAL offer of six weeks tree iruffcac tloc for the enrollment fee tnd only com *3 Lessons vajued at $lO to S3O a term, lr. MSI.