Indianapolis Times, Volume 43, Number 73, Indianapolis, Marion County, 4 August 1931 — Page 12

PAGE 12

STOCK SHARES MOVE UP AFTER EARLYJIECLINES Steel Leads Rally at Noon With Rest of List Following.

Average Stock Prices

Average of thirty industrials for Monday was 137.50. up .85. Average of twenty rails was 74.19. up .69. Average of twenty utilities was 58 85. up .47. Average of forty bonds was 94.78. off .28. BY ELMER C. WALZER United Press Financial Editor NEW YORK. Aug. 4.—Trading continued to lag around the levels of seven years ago on the Stock Exchange today, and prices moved listlessly. A rise from the early lows was in progress as the noon hour approached. Steel common came back nearly a point after touching 84% and other leaders behaved correspondingly. Motor shares were steady to firm. The opening was irregularly lower, followed by a decline that carried the list down 1 to 3 points. Around noon a few shares registered gains, while losses vtere cut to a maximum of 2 points. Steel Leads Rally Steel common led the rally as it did the early decline. Its early weakness was attributed to Youngstown reports showing steel operations there at 33 per cent of capacity, against 42 per cent a week ago. The drop in production was largely a result of suspension of production at Republic Steel’s open hearth department, and hence did not indicate a general reduction. Other companies in the district showed unchanged operations. A break in wheat to low record lows was another factor working against the market. It was responsible for selling in issues whose companies depend on the agricultural regions for their business. Case, in this category, dipped to 51%, off 1%, but it, too, rallied in the late morning. Montgomery Ward and Sears-Roebuck also gave ground. Price Range Narrow Around noon Steel was at 85%, off 1%; American Can 90%, off •%, and Auburn 144, off %. Utilities were holding just under the previous close, as were the rails. Oils also were moving in a narrow range. Chicago & Alton railroad, common and preferred stocks, were removed from the board today. Before the removal, the common sold 200 shares at %, up %. Monday the issue had turnover of 12,600 shares, closing at %. The preferred expired today at % on 500 shares. The road has been taken over by Baltimore Ohio, thus ending the nine-year receivership.

Bank Clearings

INDIANAPOLIS STATEMENT —Auk. 4 Clearings A $3,547,000.00 Debits . 6.192.000.00 CHICAGO STATEMENT —Auk. 4 _ Clearings $61,000,000.00 Balances 5.200.000.00 TREASURY STATEMENT —Auk. 4 Net balance for Auk. 1 $266,809,336.91 Expenditures 10,069 099.82 Customs rects. month to date 1.683.958.11

Dividends Declared

The board of directors of the Indiana Service Corporation has declared the regular Quarterly dividend of 1% per cent and 1% per cent, respectively, on the outstanding 7 per cent and 6 per cent preferred stocks of the company, payable Sept. 1, 1931, to stockholders of record Aug. 15, 1931. Regular quarterly dividend of $1.62% Fier share on the outstanding Class A preerred stock of the Chicago South Shore and South Bend railroad was declared today, payable Sept. 1, 1931, to stockholders or record Aug. 15, 1931. Regular quarterly dividend of 1 8-10 per cent on each share of the outstanding Class A preferred stock of the Gary Railway Company has been declared, payable Sept. 1, 1931, to stockholders of record Aug. 20, 1931. West Ohio Gas Company directors have declared the regular quarterly dividend of I*4 per cent on the outstanding 7 per cent preferred stock of the company, payable Sept. 1, to stockholders of record Aug. 15, 1931.

New York Curb Market

(Bv Thomson & McKinnon) —Auk. 4 11:30. 11:30 Alum Cos of A 115 iMo Kan Pipe... 4% Am Cvnamid... 7% Nat Inv 5 Am aGs Elec 64%jNla Hud Pwr.. 10% Am Sup Pwr... 11 Penroad 5% Brazil Pw & Lt 18 1 L>[St Regis Paper. 12y 8 Cities Serv 9%iSo Union Gas.. 7% Cons Gas Balt.. 90VStd of 1nd*..... 23 Cord 7V Un Gas 6% Elec Bnd Sh... 37% Un Lt & Pwr... 20'-* Goldman Sachs. 5'A Ut & Indus ... 6% Imp Oil of Can 12 jut Pwr (B) 8% Int Pete 12%.Vacuum Oil .... 44% Midwest Ut 17%l United Pndrs .. 4% Other Livestock By United Press FT. WAYNE. Auk. 4.—Hogs—Market 10c higher: 100-140 lbs.. $7.10: 140-160 lbs.. $7.35; 160-180 lbs. $7.70: 180-200 lbs.. $7 85; 200-210 lbs.. $7.70; 210-220 lbs., $7.60; 220230 lbs.. $7.40; 230-240 lbs., $7.20; 240-250 lbs. $7.05; 250-260 lbs.. $6.80: 260-270 lbs.. $660: 270-280 lbs.. $6.45: 280-290 lbs.. $6.35; 290-300 lbs. $6.15 : 300-325 lbs.. $5.95; roughs. $4.25; stags. $3.25; calves. $8.50; lambs. $7.50. By Times Special LOUISVILLE. Aug. 4.—Hogs—Receipts, 600; 10c higher: 160-220 lbs., $7.80: 220290 lbs.. $7.05; 290 lbs. up. $5.80; 140-160 lbs.. $7 05; 140 lbs. down. $6.55; packing sows $4055i5.05‘ stags. 53.55 down. Cat-tle-Receipts. 150; steady with Monday's close with improvement late Monday and today on good cattle: market unimproved on lower grades; bulk medium and good slaughter steers and heifers, S6®7. Calves —Receipts, 300: steady; top vealers. $7. Sheep ana lambs—Receipts. 1.200; steady: top lambs $7.50; buck lambs. $6.50: culls. $4 50 down. Monday’s shipments: Cattle. 378; calves. 1.097; hogs, 229; sheep. 969.

Local Wagon Wheat

Cltv grain elevators are paving 35c for No. 2 red wheat and 34c for No. 2 hard wheat. Chicago Stocks Opening (Bv James T. Hamill & Cos.) —Auk. 4 Ass Tel Util... 24 Middle West.... 17% Bendix Avia.... 21% N Am P <fc L... 73% Bors Warner... 19%|Nob Sparks 42 Central 111 20% Sbd UtUities.. 3% Cord Corp .... 7% Swift <& C 0.... 25% Cont Chi com.. 4% Swift Inti 33% Comm Edison ..198% U S Ra & Tel. 35% Chgo Sec 4%;Utah Prod 2% Grigsbv Grunow 3 Ut & Indus pfd 18 Gt Lks Arcft... 3 Wacllreen Strs.. 17% Insull com 271. Zenith Radio... 2% Marriage Licenses Morris L. Myers. 40, of 2302 Shelby street, city fireman, and Margaretta B. Plasterer. 27. of 2608 Sheibv street, saleswoman. Herschel Krach. 30. of Terre Haute, miner, and Isabel M. Downle. 30. of 1808 North Illinois street clerk. John T. Hempfling. 20. of 114 South ?raub avenue, knitter, and Edith Mae earson. 18. of 101 South Traub avenue, stenographer. Perrv A. Gilliland. 21. Ft. Benjamin Harrison, soldier, and Opal Mane White. 20. of 1941 Ruckle arenue. teacher. Lerov Plummer. 25. of 264 South Bpencer street, salesman and Gladys L. Bechjold. 20. of 31 Worth Warman avenue, stenographer. Robert S. Sparks. 23. of 1830 Ashland avanue. truck driver, and Gladys M Lunsford. 23. of 3015 North School street. dark. Harold Nokes. 19. of 3101 Jackson street, deaner. and Velva R. Fine. 20. of 310$i Jackson street addressograph operator.

New York Stocks •By Thomson <b McKinnon* ———— —

—Auk. 4 Railroad*— Prev. High. Low. 11:30 close. Atchison 152 151 151 153'-a Balt Sc Ohio 49',4 49W Ches* Sc 0hi0... 36 35% 35% 35% Chi Grt West 6% Chi N West 26% 26% C R I & P 38 Del & Hudson 118% Great Northern 41% 41% Illinois Central 44 Mo Pacific 22% Mo Pacific Dfd ..61% 61 61 ... N Y Central... 74% 73% 74% 74% N Y N H b H 67 Nor Pacific 34% OSc W 12% 12% 12% ... Pennsylvania .. 43% 43% 43% 44% So Pacific 77% 77% Southern Rv 28% 28% St Paul 4% 5 St Paul pfd 8% Union Pacific 154 155 W Marviand 12 Eauioments— Am Car & Fdy 16% Am Steel Fd ... 16 16% Gen Am Tank.. 59% 59% 59% 59% General Elec.... 40% 40% 40% 40% Pullman 32%’ 32% 32% 33 Westlngh Alrb... .. ... 25% 25% Weitlnßh Elec... 59% 58% 58% 59% Rubbers— Fisk % % Goodrich 13% Goodyear 4040% Lee Rubber ... 3% 3% U 8 Rubber 13% Motors— Auburn 143 144% Chrysler 24% 24% 24% 24% Graham Paige... 3% 3% 3H 3 General Motors.. 37% 37% 37% 37% Hudson 13% 13% Hupp 7% 7% Mack 31% 31% Marmon ... ... 3% Nash 26% Packard 7 6% 6% 6% Rco 614 Studebaker ..., 18 18 Yellow Truck 6 Bore Warner 19% Brizes 14 13% 14 14% Eaton 14% Houda 6% 6% 6% 6% Motor Wheel ... 9Va Sparks-W 7% 7% Stewart Warner. 11 10% 11 11 Timkln Roll 30 29% Minins — Am Smelt 31% 31% 31% 31% Am Zinc ... 5% Anaconda Cod.. 25 24% 24% 25% Cal & Hecla 6% Cal Sc Ariz 38 Cerro de Pasco 16% Dome Mines ... 11% 11% 11% 11% Freeport Texas 26% Granby Corp ... 12% 12% Great Nor Ore 18% 18% Int Nickel 12% 12% 12% 12% Kennrcott Cop. 18% 17% 18% ... Nev Cons 8% Texas Gul Sul 34% 33% Oils— Atl Refining 14% 14% 14% 15 Barnsdall 7% Indian Refining .. 2% Ohio Oil 9% Mex Seaboard 14% 15 Mid Conti 9% 9% Pan-Amer (B) 26 Phillips 7% Pure Oil 7% Richfield 1% Roval Dutch 26% 26% Shell Un 6 5% Sinclair 10% 10% 10% 10% Skellv 4% Standard of Cal 36% 36% 36% 36% Standard of N J 37% 37% 37% 37% Standard of N Y 18% 17% 17% 17% Soc Vac 18% 18 18 18% Texas Cos 23% 23% Union Oil 15% 15% 15% 16 Steels—

Am Roll Mills 20% 21 Vi Bethlehem 37% 36% 36% 38 Byers AM 29 Colo Fuel 14 Cruc Steel 39 40 Ludlum 11% Midland 16% Repub I S 13% U S Steel 86% 84% 85 86% Vanadium 28% 27 27 27% Youngst S W 17% 17 Tobaccos— Am Tob A (new)118 117% 118 119% Am Tob B (new) 121% 120% 120% 121% General Cigar ... ... 36 Lig Myers 8... 72% 72% 72% 72% Lorillard 19 18% 18% 19% Phil Morris 11% Reynolds Tob 50% 50% Tob Pr B 3% 3% 3% 3% Utilities— Abitibi 4 Adams Exn 14% Am For Pwr.. 27% 27% 27% 27% Am Pwwr & Li 35 AT&T 171 170 170 171% Col Gas & El 29% 30% Com & Sou 8 7 7 /a El Pwr & Li... 39 38Vi 38% 38% Gen Gas A.... 4% 4% Inti T & T 27% 27 *4 27 % 23 Natl Pwr & Li 24% 25% No Amer C 0.... 66% 66 66V 8 67 Pac Gas & El 46 46Vi Pub Ser N J 79% 79% 79% 80 So Cal Edison 42 42% Std G & El 61% United Co*>.... 22% 22 22% 22% Ut Pwr & L A.. 22 21% 21% 22 West Union 115% 114 114 114 Shipping— Am Inti Corn 13% ... Inti Mer M pfd 8 United Fruit ... 57% 57% Cal Pkg 23% Can Dry 37% Childs Cos 15% Coca Cola 145 Corn Prod 65% 65% Cudahy Pkg ... ... , 40 Gen Foods 49% 48% 94% 49% Grand Union ... ... 15% Jewel Tea ... •• • , 40 Kroger 31 30% 30% 30% Nat Biscuit 57% 57% 57% 58 t< Pillsburv ... 29% 29% Purity Bak 27 Safeway St ... 63 64 Std Brands 18% 18 18 18„, Ward Bkg 3% Drugs— * Cotv Inc 7% Lambert Cos 65 65 Lehn & Fink 26% Industrials— Am Radiator 12% 12% Bush Term 20% Certainteed 5% Gen Asphalt ••• 20% 20% Otis Elev ...... 41% 40% 40% 40%

Produce Markets

Eggs (country run)—Loss oft delivered in Indianapolis. 12c: henery auality No. 1. 14c: No. 2. 9c. .. , . . Poultry (buying prices)—Kens weighing 5 lbs. or over. 17c; under 5 lbs.. 17c; Leghorn hens. 13c: 1930 broilers, full feathered 3 lbs. and up 24c: under 3 lbs.. 21c: oareback. 12c; Leghorn broilers. 18c: ducks. 9c: old cocks B®9c: ducks, full feathered, fat whites. 9c: geese. 6c. These prices are for No. 1 top auality. auoted by Kingan (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. 19c; Longhorns, 18%c: New York limberger. 30c. By United Press NEW YORK. Aug. 4.—Potatoes—Market. Quiet; Long Island. [email protected] barrel; southern. $l(o 1.75 barrel. Sweet potatoes— Market, auiet; Jersey baskets. $1.75; southern baskets. 50c#52.50. Flour—Market, auiet and steady; spring patents, $4.15® 4.40 barrel. Pork—Market, dull: mess, $21.75 barrel. Lard—Market, steady; middlewest spot. ,078-.079c lb. Tallow- Market auiet: special to extra. 3%@3%c lb. Dressed poultry—Market, fatrlv active; turkevs, 25®50c; chickens. 24@40c; broilers 25(3’39c: fowls. 12®29c: Long .Island ducks. I3®lßc. Poultry—Market, steady; geese. 10® 12c: ducks, 12®21c; fowls. 21® 25c: turkevs. 12®25c: roosters. 15@16c; broilers. 22® 28c. Cheese—Market firm: state whole milk, fancy to special. 14® 24c: young America fresh. 15®15%c. By United Press CINCINNATI. Aug. 4.—Butter— Steady: creamery in lots according to score 22@ 24c; common score discounted 2<ft3c; packing stock. No, 1. 18c: No. 2. 15c; No. 3.8 c: butetrfat, 21®23c. Eggs—Lower: cases included: Extra firsts. 21c; firsts. 16c; seconds. 13c; nearby ungraded. 17c. Live poultry—Thin and coarse stock sell only at heavy discount: Leghorn. 3 lbs. and over. 17c: roosters. 11c; broilers, colored. 1 lb. and over. 23c- 1% lbs. and over 25c: 2 lbs. and over. 25c: fryers. 3 lbs. and over. 27c: partly feathered. 15®20c: Leghorn broilers. 1 lb. and over. 21c: 1% lbs. and over. 22c: 2 lbs. and over. 22c; black springers. 20c. By United Press CHICAGO. Aug. 4.—Eggs—Market, steady; receipts. 11,900 cases; extra firsts, 19®20c; firsts, 18c; current receipts, 15® 16 1/ 2 c; seconds. 12(ft 13V2C. Butter—Market, firm: receipts, 10,295 tubs; extras. 25%c; extra firsts. 23%@24%c; firsts, 22®23c; seconds. 19®21c: standards, 25%c. Poul-try-Market. firm; receipts, 3 cars; fowls, 20®21c; springers, 19®28c; Leghorns. 14c: ducts, 15® 19c: geese, 14c; turkeys. 15® 18c- roosters. 13c; broilers, 2 lbs., 23®25c; broilers, under 3 lbs., 20%®22c: Leghorn broilers. 19®20c. Cheese—Twins, 14® 14%c; Young Americas. 14%@14%c. Potatoes —On track. 183: arrivals. 31; shipments, 276: market, firm; Idaho Bliss Triumphs. $2(32.15; Missouri Cobblers, sl® 1.20: East Shore Virginia barrels. Cobblers, $2.50®2.65; Idaho Russets, $2. CLEVELAND. Aug. 4.—Butter—Extras. 29 % C ; market, steady. Poultry—Heavy fowls. 22® 23c; medium. 22c; Leghorn. 15® 18c; heavy broilers. 23®26c; light broilers. 17®21c; ducks, 12® 15c: old cocks, 12c; geese. 10® 15c; market, firm. Potatoes — Virginia No. 1, Cobblers best, $2.50(2.65 per cloth top stave barrel: No. 2. $2.35® 5.40; Maryland, mostly $2.60®2.65 per barrel.

Investment Trust Shares

(Bv Gibson & Bernard) PRICES ARE TO IS NOON C. S. T. —Auk. 4 „ J Bid. Ask. Amer Found s Corp Com 3 3ft Am & Gen Sec •‘A’ 1 11 Am Inv Trust Shares 4ft 4% Basic Industrv Shares 4ft sft Corporate Trust Shares 4ft 4ft Cumulative Trust Shares .... 6 6ft Diversified Trustee Shares A 14*4 ... First American Corp 7 7% Fixed Trust Oil Shares 3*4 ... Fixed Trust Shares "A” 12ft ... Inv Trust NY 6ft 7ft Leaders of Industry. Series A 6ft ... Low Priced Shares 6*s 6% Nation Wide Securities sft 6 National Industry Shares 4ft sft N Am Trust Shares 4ft 5 Sel Am Shares 4ft 4ft Shawmut Bank Inv Trust.... 7ft 9 Universal Trust Shares 4ft sft Super Corp ot Am Trust Sh Asst 6 Fundamental Trust Shares Asst 6ft Fundamental Trust Shares B 6ft fift U 8 Eiep Licht & Pwr A 35 ft 30ft

Indus Chems— Allied Chem 107% 107 107 108% Com Solv 16% 16% 16% 16% Union Curb 49% 4a 49 49% U S Ind Alco , ... 28 28% Retail Stores— Assoc Dry Gds 20 Glmbel Bros '5% ... May D Store 32% Mont Ward .... 21% 20% 20% 21 Vs Penny J C 38% 38 38 38 Schulte Ret St 6% Sears Roc 56% 55% 55% 56% Wool worth 68% 67% 68 Vs 69% Amusements— Col Graph 8 8% Eastman Kod ..138% 135 Vi 135% 137% Film A 15% 15% GrlKf.by Gru 33 Loewes Inc 47 46% 46% 47 Paratn Fam 23% 24 Radio Corp .... 17% 17% 17% 18 R-K-O 14 13% 13% 14% Warner 8r05... 7% 7% 7% 7% Miscellaneous— City Ice Fu 32 Congoleum 13% i3 'i3 13 Am Can 90% 89% 90 91% Cont Can 47 . 47 47% Curtiss Wr 3 g il! ette S R 2i 21% £ a] 6 5% 6 6Vs Un Arcft 27 26% 26% 27% Int Harv 39 38% 38% 39

Bright Spots of Business

By United Press Standard Oil of New Jersey declares usual extra 25-cent dividend in addition to regular 25-cent quarterly on stock. Chicago wholesale trade reported active with prospects of continuing. Steel industry outlook in Mahoning valley fouid brighter for August. Colorado Fuel and Iron Company receives order for 2,500 tons of rails and 500 tons of plates from Texas <fe Pacific railroad. Associated Gas and Electric system electric output week ended July 25 totaled 61,299,030 kilowatts, increase of 9.5 per cent above like 1930 week. National Electric Power Company year ended June 30 net income $7,692,366, compared with $7,197,40? in preceding fiscal year. Cleveland Tractor Company receives order for 125 tractors from Pennsylvania state highway department. American Chicle Company declares usual 25-cent extra dividend in addition to regular 50-cent quarterly. Keystone Aircraft Corporation gets contract from navy department for seven amphibian airplanes.

The City in Brief

WEDNESDAY EVENTS Purdue Alumni Association luncheon, Severin. Kiwanis Club luncheon. Ciaypooi. Lions Club luncheon. Lincoln. Illini Club luncheon. Board of Trade. Mutual Insurance Association luncheon. Columbia Club. William A. Hough, former member of the state board of tax commissioners, will address the Apartmen Owners Association Wednesday noon at the Spink-Arms hotel. His subject will be “Taxes.” Promises of abating the smoke nuisance protested by citizens living near the Zero Ice Company, Twen-ty-seventh street and Cornell avenure, have been made by Henry L. Dithmer, owner, in a conference with city officials. Dithmer said the plant will be reconditioned as soon as the summer season is closed. Arthur T. Bcriauft, director of the Beriault school of expression, will appear before the Kiwanis Club’s weekly luncheon in the Claypool Wednesday, speaking on “My SuperSelf.” Chicago Grain Range WHEAT— ~ AUK ' p, ev High. Low. 11:00 close.' SePt ..49% .48% .49 50 ?ec 53% .53% .53% 54% Mar 56% .55% .56 * 56% CORN— 8/2 ’ 8 ' SBV * - 59 Sept 52% .51% .52 52% M o v Sept .22% .22 .22% .22% Pee- 25 .24% .24% .25% Sept 34% .34% lardU' 38y * ' 3B - 38 * - 381 * Sent 7.55 7 . 55 Oct 7.45 7 . 5 0 Dec ... ... 6.62 By Times Special . CHICAGO. Aug. 4.—Car lots—Wheat. 1,146; corn. 24; oats. 137; rye. 7; barley, 25. Births Girls Lester and Mary Leeper. city hospital. John and Anna Duffy. 2708 East New York. Paul and Elfriede Cullom. Methodist hospital. Carlton and Iva Pickett. Methodist hospital. Martin and Norma Ross. Methodist hospital. George and Dorothy Smith. Methodist hospital. George and Jean Smith. Methodist hospital. George and Edna Isterllng. Methodist hospital. Boys Henry and Blanch Gindling. 304 South La Salle. Charles and Mary Van Buskirk, Methodist hospital. Karl and Dorothy Stout. Methodist hospital. Merle and Dorothy Miller, Methodist hospital. George and Hazel Schumaker. Methodist hospital. Floyd and Carolyn Searcy. Methodist hospital. Warren and Madonna Everett. Methodist hospital. Twins Harry and Madge Nicelev. Methodist hospital. girls. Deaths Stanford Beard, 70, 2136 Northwestern, interstitial nephritis. Dora E. Patrick. 72 1460 Hoyt, cerebral hemorrhage. Ida M. Nelson, 51. 2715 East Michigan, carcinoma. Robert Anderson. 66, 2413 Rural, chronic myocarditis. Rose Isabella Gardner. 51, 5924 Oak. chronic myocarditis. Mary Frank, 54. 1 East Thirty-sixth, nephritis. Emma J. Goldman. 59, Oliver and Halley accidental. Dorothy May Graphman. 3 days, 1116 North keystone, non closure of foramen ovale. Sarah Ann Foster, 72, 703 Woodlawn. chronic myocarditis. Charles A. Rutledge, 80, 520 East Vermont. Interstitial nephritis. William Livingston, 43. 1215 Myron, mitral regurgitation. Olivett Brown. 34. 411 Indiana, mitral insufficiency. Mary Emma Williams. 65, city hospital, general peritonitis. Sarah Tatman, 73. city hospital, hypostatic pneumonia. Samuel P. Freeman, 69. 947 West Twenty-eighth, carcinoma. In the Air Weather conditions in the air at 9:15 a. m.: South wind, three miles an hour; barometric pressure, 30.06 at sea level; temperature, 78; ceiling unlimited, scattered cloudiness; visibility, ten miles; field, good. Amy Nears Tokio By United Press TOKIO. Aug. 4.—Miss Amy Johnson, British flier, journeying from London to Tokio by light airplane, passed Manchuli today at 1:30 a. m., central standard time. Manchuli is a border town where the Chinese Eastern railway, in Manchuria, joints the Trans-Siberi-an railway in Siberia. , jfa __

THE INDIANAPOLIS TIMES

PORK MARKET STEADY TO 15 CENTS LOWER Good to Choice Slaughter Class Cattle Strong to Higher. Porkers eased off slightly this morning at the city yards, prices holding steady to 15 cents lower. Most of the loss was on weights under 260 pounds. The bulk, 140 to 280 pounds, sold for $6.75 to $7.85; early top holding at $7.85. Receipts were estimated at 3,500; holdovers were 133. In the cattle market good and choice slaughter classes were strong to higher,* others steady. Receipts were 1,700. Vealers were unchanged at $8.50 down. Calf receipts numbered 800. Sheep showed a lower tendency, selling mostly at $7.50 down. Throwouts were hard to move. Receipts were 2,000. Chicago hogs 14,000, including 1,000 direct. Holdovers, 5,000; quality plain; market slow with asking generally 10 to 15 cents higher than Monday’s average, few early bids about steady. Good to choice 180-200-pound weights bid $7.70 to $7.80; best held upward to SB. Cattle 6,000 and calves 2,000. Market strong. Sheep 13,000 and steady. —HOGS— July Bulk. Early too Receipts. 28. 6 90® 8.20 $8.25 3,500 29. 6.90® 8.35 3.35 2,000 30. 7.00® 8.50 8.50 ' 3,000 31. B.oo® 8.50 8.40 4,000 Aue. I. 6.75® 8.00 8.00 1.500 3. 6.75® 8.00 8.00 2.000 4. 6.75® 7.85 7.85 3,500 —Aug. 4 . Receipts, 3,500; market. lower. —Light Lights—-(l4o-160) Good and choice $ 7.35® 7.60 —Light Weights—-(l6o-180) Good and choice ... 7.85 (180-2001 God oend choice ... 7.85 —Medium Weights—--1200-220) Medium and good ... 7.65® 7.75 (220-250) Good and choice ... 7.30® 7.55 —Heavy Weights—-(2so-290) Good and choice ... 6.65® 7.20 (290-350) Medium and good.. 6.10® 6.50 —Packing Sows—-(27s-500) Medium and g00d... 4.25® 5.50 (100-130) Slaughter pigs 7.00 CATTLE (Slaughter Class) Receipts, 1,700; market, steady. —Steers— Good and choice $ B.oo® 9.50 Common and medium 5.50® 8.00 (1,100-1.500) Good and choice 7.75® 9.25 Medium 5.50® 7.75 —Heifers—-(soo-850) Good and choice 7.50® 9.50 Common and medium 4.50® 7.50 —Cows— Good and choice 4.75® 6.00 Medium 3.75® 4.75 Cull and medium 2.00@ 3.75 —Bulls (yearlings excluded) — Good and choice beefs 4.00® 4.75 Cutter, common and medium.. 2.75® 4.00 CALVES AND VEALERS Receipts, 800; market, steady. —Vealers— Good and choice $ B.oo© 8.50 Medium 6.00® 8.00 Cull and common 4.00@ 6.00 —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® 7.00 Common and medium 3.75® 5.25 SHEEP AND LAMBS Receipts, 5,000; market, lower. Good and choice $ 6.00® 7.50 Common and medium 3.00® 6.00 Ewes, medium and choice 2.00® 3.50 Cull and common I.oo® 2.00

Other Livestock By United Press CHICAGO. Aug. 4—Hogs—Receipts, 14.000, including 1.000 direct; mostly 10® 15c higher; bulk 170-210 lbs., $7.70'@7.90: top. $7.95; 220-300 lbs.. $6:40®7.80; 140-160 lbs., $7.25®7.75; pigs. $6.25®7; packing sows. [email protected]; smooth lightweights to $5.90: light lights. 140-160 lbs., good and choice. $7®7.80; lightweights 160-200 lbs., good and choice. $7.50®7.95; medium weights. 200-250 lbs., good and choice, [email protected]; heavyweights. 250-350 lbs., good and choice. [email protected]; packing sows, 275500 lbs., medium and good. $4.40®5.90. Cattle—Receipts. 6.000; calves. 2,000; ali grades yearlings and light steers and strictly choice weighty bullocks, steady; others very slow, bidding weak to 25c lower; $9.40 paid for yearlings; weighty steers $8.90; several loads, $8.25®8.75: she stock market slow, about steady: bulls barely steady and vealers steady to strong; slaughter cattle and vealers: Steers, 600900 lbs., good and choice, $8.25®9.50; 9001.100 lbs., good and choice. $8®}9.50: 1.1001.300 lbs., good and choice, $7.50®9.25; 1.300-1,500 lbs., good and choice. $7.25@ 9.10; 600-1.300 lbs., common and medium [email protected]: heifers. 550-850 lbs., good and choice. $7®9.25; common and medium, $3.50@7; cows, good and choice. $4®6.75; 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. [email protected]: vealers. milk fed. good and choice $8.50®10; medium. $6.50®8.50; cull and common. $5®6.50: Stocker and feeder cattle: Steers, 500-1,050 lbs., good and choice. $5.75®7; common and medium. [email protected]. Sheep—Receipts, 13.000; mostly steady; best range lambs held higher; early bulk, good and choice natives. [email protected]: latter price paid by outsiders; choice rangers bid $7.50; around 110-lb. yearlings. $5.75; slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice. [email protected]; medium. $5®6.75; all weights, common $3,50®5; ewes. 90-150 lbs., medium to choice. $1.75®3.25; all weights, cull and common, 75c®52.25: feeding lambs. 50-75 lbs., good and choice. $5 ®5.50. By United Press CLEVELAND. Aug. 4. —Hogs—Receipts, 1.100; holdover none; steady, 10c lower, mostly 5c lower on 160-230-lb. sorts at $8.35: few choice. $8.40; mixtures averaging 251 lbs.. $7.50; heavier weight slow; rough sows, $5; stags. $4. Cattle Receipts 150; little done on steers', principally trashy holdovers on sale; odd cutter to medium kinds, $4.50®7.35; looked steady; cows and bulls no change; cows around $2.50®4; largely medium bulls, $5. Calves—Receipts. 500; steady to 50c higher, but not active; medium to choice mixtures largely slo® 10.50; scattered best sort. sll upward; low grade light kind, downward to $8 and under. Sheep—Receipts. 1,100; steady with Monday’s close; 25c to mostly 50c under opening: desirable lambs largely $8.50 downward; cull to medium. S4.so@t according to kind. By United Press PITTSBURGH. Aug. 4.—Hogs—Receipts, 300; market weak to 10c lower; 210-235 lbs.. $7.75®8.35; no lightweights offered. Cattle —Receipts. 25; steers about steady; cutter to medium grade. $325®4.25. Calves —Receipts. 100: market steady; choice vealers. $9. Sheep—Receipts 500: lambs mostly steady; good and choice 65-70-lb. weights. $6.75®8: common to medium. $3.50 ®6; aged wethers up to $3.50. By United Press TOLEDO. Aug. 4.—Hogs—Receipts. 200; market strong to 10c higher; heavies. $6.25 ®7: mediums. [email protected]; Yorkers. $7.25® 7.50; pigs, [email protected]. Cattle—Receipts, 50; market, grassers slow dry feds strong. Calves—Receipts, light; market, strong. Sheep—Receipts, light; market slow, 50c lower. By United Press EAST BUFFALO. N. Y.. Aug. 4.—Hogs on sale. 430; market steady to strong; desirable 160-210 lbs.. $8.40; packing sows. ss® 5.50. Cattle—Receipts 150: mostly cows, steady, cutter grades $1 50®3. Calves— Receipts. 325: vealers steady to 25c higher: good to choice, $9.50®9.75: common and medium, $6.5068.25. Sheep—Receipts 750: holdover}. 2.400; lambs draggy. weak at Monday’s uneven decline, ouality very plain, few good lambs $8.75. „ medium grades and bucks. $6.75; throwofSts. $5.25 <B6. By United Press . CINCINNATI. Aug. 4.—Hogs—Receipts. 1.300; held over 220; fairly active, steady to 10c higher; spots up more on weighty butchers; better grade 170-220 lbs.. $8.15® 8 25. mostly $8.25 on around 215 lbs. down: some 230-270 lbs., s7®B: 120-160 lbs. mostly $7.50: few sows. $4.2565. CattleReceipts. 450: calves. 550; slow, generally steady; common and medium grass steers and heifers. $566.75; some better finished kind. $768; small lot fed yearlings. $8,256 8.50; most beef cows $3.7564.75: bulk low cutters and cutter cows. $2®3.50; bulls. $4.50 down; vealers steady; good to choice. [email protected]: large lower grades. $7.50 down. Sheep—Receipts. 3.900; beter grade ewe and wether lambs about setadv with Monday’s closing sales at $7.50 6 8.50. mostly $8 up; throwouts weak: no dependable outlet: auotable $46 5.50: sheep steady: fat ewes. $2®2.50; culls downward to *l. EAST ST. LOUIS. HI.. Aug. 4.—Hogs— Receipts. 6.500; market, uneven, mostly 5615 c higher: some weighty butchers ui> more; Digs, dull: most 160-210 lbs.. $7.75® 7.90: top. $8: butchers scarce: $7.20 paid for 255 lbs.: sows. [email protected]. CattleReceipts. 5.000: calves, receipts. 2.000: market, few steers in light supply: bidding slow: no early sales westerns; other classes steady: top mixed yearlings and heifers. $8.50 down: cows, largely $3.2564.50; low cutters. $1.7562.25: top medium bulls. $4: good and cnoice vealers. $8.25. Sheep— Receipts. 3.C00: market, few choice lambs to city butchers, steady to 25c lower at *7.25. packers bidding 25c lower.

BELIEVE IT or NOT

Skatwg iMERtSA VAUGh trained By if # k -of Sheffield,Cog. Trank Jacobs w w Y HAS 62 HUSBANDS ! A f*'?*—' * : ’"*** © DJI. king Features' Syndicate, Inc. Great RritafnrffVs rtteryyA.

Dow-Jones Summary

Copper Exporters. Inc., has reduced the price of copper % of a cent a pound to 8 cents a pound c. 1. f.. London. Hamburg and Havre. Stocks of crude rubber in London on Aug. 1 totaled 81.335 tons, an Increase of 231 tons over the preceding week; stoCKS at Liverpool totaled 54.881 tons, an increase of 546 tons over the preceding week. Daily average production of crude oil in the United States in week ended Aug. 1. totaled 2,490.423 barrels, an increase of 13.162 barrels, according to the Oil and Gas Journal. New York cables opened in Lonodn at 4.86; Paris checks. 123.95; Amsterdam. 13.05; It alt, 93.85, and Berlin. 20.50. Sugar melt of fourteen United States refiners from Jan. 1 to July 25 totaled 2,460 - 000 long tons agianst 2,795,000 in like 1930 period; deliveries totaled 2.270,000 long tons against 2.615.000 long tons a year ago. Pacific Telephone and Telegraph System six months ended June 30, net income $9,715,064 after depreciation, interest, taxes, etc., against $7,927,399 in the first half of 1930. Continehtal Bank and Trust Company, declared regular quarterly dividend of 30 cents payable Sept. 15. record Sept. 4. Garlock Packing Company and subsidiaries six months ended June 30 net profit $125,338 after interest, federal taxes, etc., equal to 62 cents a share on 201.645 shares against $300,330 or $1.49 a share In the first half of 1930. Shell Union Oil Corp., and subsidiaries June quarter net loss $11,056,034 after all charges against net loss of $9,903,472 in the previous quarter and profit of $2,874,031 before federal taxes in June, 1930 quarter; six months net loss $20,959,506 against net loss $280,977 In the first half of 1930. Radio-Keith-Orpheum Corp., six months ended June 30, earnings 25 cents a class A share against 76 cents in the first half of 1930; June quarter net loss $429,554, against net profit of $1,013,218 in the previous quarter and net profit of $157,022 in the June 1930 quarter. Skelly Oil, June quarter net loss $1,926,538 after all charges and inventory adjustments against net loss $776,345 in the previous quarter and net profit of $736,274 In the June . 1930 quarter; six months net loss $2,702,883, against a net profit of $1,283,784. American Stores, six months ended June 30, earnings $1.87 a share against $1.75 a share in the first half of 1930. Grand Union Company, in six months ended June 30. earned $1 on common stock voting trust certificates against 97 cents in the first half of 1930. Canadian Pacific July gross $11,876,000 against $15,341,000 in July 1930; seven months $82,367,000 against $100,367,000. Rock Island July loadings 141,933 cars against 129,431 cars in June and 156,576 cars in July 1930. Federal Reserve Board's condition statement as of July 29 shows time deposits increased $23,000,000 during the week; Government deposits off $19,000,000; borrowings from the federal reserve banks decreased $5,000,000; loans on securities $6,544,000,000 off $26,000,000; all other loans $7,942,000,000, off $15,000,000. Cushman’s Sons, twenty-eight weeks ended July 11. earned $11.82 on combined 7 per cent and 8 per cent preferred against $11.92 In 1930 period: twelve weeks ended July 11. earned $3.46 on combined preferred against $4.19 in like 1930 period. Timken Detroit Axle Company declared the regular auarterly dividend of $1.75 on the preferred, payable Sept. 1. record Aug. 20. Canadian Celanese Limited declared a quarterly dividend of $1.75 on the 7 per cent preferred stock, payable Sept. 30 of record Sept. 15. Company will pay dividends quarterly Instead of semi-annually. Charles E. Hires Company declared two regular quarterly dividends of 50 cents each on class A common, payable Sept. 1. of record Aug. 15 and Dec. 1 and Nov, 15, respectively; dividends of $1 each on class B and management stocks payable Sept. 1 of record Aug. 15. Pullman, Inc., in June quarter earned 13 cents a share against 15 cents in the previous quarter and $1.37 cents in June. 1930. auarter; six months. 28 cents, against $2.54 in the first half of 1930. RAW SUGAR PRICES —Aug. 3 High. Low. Close. January 1.49 1.47 1.47 March 1.53 1.51 1.51 Mav 1.58 1.56 1.56 July 1.64 1.62 1.62 September 1.47 1.43 1.43 December 1.49 1.46 1.46 Building Permits A. J. Reichman. garage. 2441 North Dearborn. $250. Block Realty Company, alterations and repairs. 119 North Illinois. SBSO. Bertha Simpson, garage. 4824 Winthrop, S3OO. Arthur Tavlor. dwelling and garage. 5865 Guilford. $15.000. New York Liberty Bonds —Aug. 3 3%S 102.15 Ist 4%s 103.4 4th 4%s 104.25 Treasury 4%s 121.12 Treasury 3%s 101.14 Treasury 3%s of ’47 102.27 Treasury 3%s of '43 (June) 102.29 NEW YORK COFFEE RANGE —Aug. 3 High. Low. Close. January .............. 5.55 5.53 5.53 March 5.72 5.67 5.67 May 5.95 5.80 5.86 July 5.95 5.83 5.90 September 5.30 5.22 5.22 December 5.56 5.48 5.48 Veteran Teacher Dies By Times Special KOKOMO, Ind., Aug. 4.—Mrs. J. N. Ritchie, 65, a teacher in Kokomo schools twenty-five years, is dead, a victim of acute indigestion.

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 Monday’s Times: Vinnie Richards Played 171 Games in Two Days—During the professional championships of the United States, held at the West Side Tennis Club, Forest Hills, L. I„ July 11 and 12, 1931, Richards played 171 championship games of tennis in two days—a record in tennis history. The players, besides Richards, were Tilden, Kozeluh, Kinsey, Albert Burke and Hunter. The Only Tenth Justice of the Supreme Court—Stephen J. Field, legislator and supreme court justice of California, was a person of dominating importance in the gold rush era of that state. Though an ardent Democrat, he was so loyal to the Union and so devoted to th ideals of President Lincoln that on March 3, 1863, by special act of congress, he was appointed as tenth justice of the supreme court of the United States, on which bench he remained for thirty-four years. See: “Stephen J. Field, Craftsman of the Law,” by Carl Brent Swisher. The Monument to a Donkey— On May 30, 1931, a monument made from Colorado ores was unveiled in Fairplay, Colo., dedicated to “Prunes,” a faithful pack burro that had been in the service of prospectors and miners continuously from 1867 to 1930, and played a part In the making of some of the state’s most famous mines. Prunes’ last employer was Frank Weber of Alma, Colo. Wednesday—“ The Woman Who Willed Her Fortune to a Fly.”

New York Bank Stocks

(By Thomson & McKinnon) —Aug. 3 . Bid. Ask. America 40% 43% Brooklyn Trust 383 393 Central Hanover 214 219 Chase National 64% 67% Chatham Phoenix Natl.... 60 63 Chemical 44% 46% City National 76 79 Corn Exchange 94 98 Commercial 230 240 Continental 22% 25% Empire 44% 47'/2 First National 3.480 3.680 Guaranty 438 443 Irving 32 34 Manhatten & Company..,, 65 68 Manufacturers 41% 43% New York Trust 141 146 Public 46% 49%

AMUSEMENTS

FNfil IQI4 N ‘ Mating 2:30 ” L IUL On v - >a Thur " •’ 25c ’ BOc Arthur Casey Presents The First Stock Production of ■n Lenore Ulric’s latest hit, featuring FRANCES DALE More sensational than she was as Poppy in “The Shanghai Gesture.’ ’ Sunday Nlte—Seats Now! “AS HUSBANDS GO” With Beverly Bayne, famous Star.

—SWIM— Sanitary—Perfect Water BROAD RIPPLE POOL

We Buy and Sell Real Estate Preferred Stocks and Bonds ZAISER & ZAISER 703 Fletcher American Bnilding 129 E. Market St.

James T. Hamill & Company Private Wires to AH Leading Markets. Indianapolis MEMBERS Chicago Stocjc Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New Ycrk Curb 203 Continental Bank Bldg. Tel. Riley 5493—Riley 5434

I-C \7 Registered 0. &. MJ \ Patent Office RIPLEY

Net Changes

By United Press NEW YORK, Aug. 3.—Closing prices on principal stocks traded on the New York Stock Exchange today: Up. off. Amer Can 91% ... 1 Amer and Foreign Pwrs... 28 % ... Amer Tele 171% % Anaconda 25% ... % Auburn 144% ... % Beth Steel 38% % ... Case. J I 52% ... 1% General Elec 40% % ... General Motors 37% ‘/a ... Inti Nickel 12% % ... Inti Telephone 28 % ... Kennecott 18% ... % Loew’s, Inc 47 % ... North Amer 67 1% ... Penn R R 44% ... % Radio 18 % ... Radio Keith 14% % ... Standard of N J 37% V* ... Texas Corporation (unch.) 23% Union Carbide 49% % ... United Aircraft 27% % ... United Corporation 22V2 % ... United States Steel 86% % ... Vanadium 27% % ... Westinghouse Elec 59% % ... Wool worth 69% ... % Worthington Pump 42% ... %

MOTION PICTURES the big ones plat i TILL I Can Money Kill Love? Are \iRMy All Men Fortune Hunters? “MOTHER'S MILLIONS" with MAY ROBSON James Hall—Frances Dade EXTRA Free Auto Park Ruth Etting for Patrons NEXT SATURDAY A NEW WILL ROGERS SPfyoimG VOII js&ys—ALSO— J FIFI BOBBY JONES | DOBSAV

j 15c Till 1 P.M. mmwwm C. o /VS FOR.TAH -V t ootNOW! MARIE DRESSIER and POLLV MORAN The whole town is laughing with tears in its eyes at Metro’s great fun test! —ALSO— Krary Kat—Sportlight STARTS SATURDAY Our 2nd August hit! MARION DAVIES IN , Fannie Hurst's ‘Five and Ten’ THRILLING ROMANCE with LESLIE HOWARD IRENE RICH RICHARD BENNETT KENT DOUGLASS Come on l f LOEW S Indianapolisl August shows

.AUG. 4, 1931

GRAIN OPTIONS j OFF ON WEAK 1 FOREIGN NEWS Further Slump in Prices Predicted by Many Operators. BY HAROLD E. RAIWTLLE United Tress Staff Corresnondent CHICAGO, Aug. 4.—Weak foreign cables gave wheat s setback as the Board of Trade opened today, but transactions were very light. There were few buying orders on the market early. Liverpool was weak, owing to freer European offers and a raise in the German native wheat quota. Winnipeg also was weak after its short holiday. Corn lost a fraction in ■ sympathy with wheat and on scattered selling despite the clear and warmer weather throughout the belt. Oats were under pressure and off with other grains. Liverpool Sells Down At the opening wheat was a g to 34 cen t lower; corn was % off. and oats were *s to % cent lower. Provisions were very slow. Liverpool opened lower after its two-day holiday, as expected, but furthered the decline and was 1 cent lower at mid-afternocn. Thera is no disposition shown by the majority of traders to work on the boar side.'although lower prices are predicted by many operators owing to the large supplies. Spreading between Minneapolis and Chicago is supplying a great deal of the activity. Reports from the southwest indicate an increase in the movement in prospect for thg next couple of weeks. The real depressant is the fact that the low* prices have failed to increase export buying. Rains Well Distributed The weather is getting warmer over the corn belt again. The rains over the week-end were fairly well distributed, but August is a critical month as the crop must have sunshine as well as rain. The action of the cash market, the trend in September and weather conditions will continue to be the real factors in price making. Despite the fact that the private estimates lowered prospects on the oats crop about 90.000,000 bushels, the market was not strengthened. The lack of buying rather than selling pressure is responsible for the weak tone. U. S. Reparations Expert Dies. By United Press BUFFALO. N. Y., Aug. 4.—Walter Platt Cooke, 62, international financier and former American representative on the reparations commission in Europe, died at his home here today.

AMUSEMENTS RJ/’A I hi G,orious Romance of a J NUvV Virtuous Sinner w>(ckDAVID MANNERS 25c ~ BERYL MERCER >tm - 1 P- m - Also—Select Short Subjects Mid-West Premiere Saturday igg^f -j JACK HOLT % V* PAY WRAY \0 RALPH GRAVES

MOTION PICTURES I First Natlonal-Vltaphone Hit NEXT FRIDAY—“SECRET CALL” B Stuart Walker’s first picture H H* LO RJuniwa Artl9ts 1