Indianapolis Times, Volume 43, Number 74, Indianapolis, Marion County, 5 August 1931 — Page 12

PAGE 12

SALES ORDERS FORCE STOCK PRICES LOWER Break in English Pound Is Bearish Factor; Steel Shares Weak.

Average Stock Prices

thirty Industrials for Tues<Jay was 136.50, off 1.00. Average of twenty rails was 72 82. off 1.37. Average of twenty utilities was 56.57, off .28. Avcr*re of forty bonds was 91.91. up .13. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Aug. s.—Stocks lost from 1 to more than 3 points during the morning trading on the Stock Exchange today. Around noon selling pressure was lightening and the tickers were barely moving. The opening found slightly more active turnover on account of accumulation of more than recent amount of selling orders. A further break in the pound sterling to a level where gold could be profitably taken from the Bank of England by United States, France, Belgium and Switzerland was a bearish factor. This item worked against the London stock market, where business was restricted to a small scale. Steel Production Down Weekly business barometers showed further declines. Steel production was down 2 points for the week; electricity down 2 per cent from 1930; car loadings lost 15,803 from the preceding week for the week ended July 25 and were down 177,549 from the 1930 week; oil production rose 13,700 barrels daily. Several adverse corporation reports were issued. Packard, Yale Ac Towne, Interborough Rapid Transit, and General Asphalt showed net losses as compared with a year ago. A bright spot was the Woolwprth sales report for July, showing a rise of 1.6 per cent from July 1930. For the first seven months of this year sales were off only .4 per cent from 1930. Woolworth stock, however, did not respond to this good showing. It ranged between 68*4 and 68% and around noon was at 68%, off %. Rails Sell Lower Railroad shares were dow'n fractions to 2 points, with Atchison at one time down to 147%. Central and Baltimore Ac Ohio each lost more than a point. American Telephone broke to a hew low on the movement at 166, off 3%. Western Union dropped to 111%, off 3% and other other utilities were off fractions to a point. Steel common dipped to 84%, off 1%, and within 1 point of its low for the bear market, made on June 2. It rallied from this level and around noon was off a point net at 84%. Westinghouse Electric also lost a point, as did American Can, Allied Chemical, American Chicle, Fox, and Union Carbide.

Bank Clearings

INDIANAPOLIS STATEMENT —Aug. 5 Clearings $2,543,000.00 Debits 6,104,000.00 CHICAGO STATEMENT —Aug. 5 Clearings $59,500,000.00 Balances 5,200,000.00 TREASURY STATEMENT —Aug. 5 Net balance for Aug. 3 $255,384,335.31 Expenditures 17,093.442.92 Customs rects. mo. to date.. 3,400,287.57

New York Curb Market

(By Thomson & McKinnon) —Aug. 5 11:30! 11:30 Mum Cos of Am 115 Mo Kan Pipe.. 4% As Gas & El A 13 INewmont Mil).. 27 Braz Pwr Sc Lt 17% Nia Hud Pwr.. 10'/ 2 Cities Serv 9%!St. Regis Paper. 12 Cord 7Vt So Un Gas.... 7% Elec Bnd Sh 36% Std of Ind 23 Gen Avia 4'xi3tutz 10% Ford of Eng.... 11 iUn Gas 6% Ford of Fr 7%lUn Lt & Pwr... 20 1m Oil of Can 12%!ut Pwr B 8% Insull Ut 27% Vacuum OU 43% tnt Pete 12%;Van Camp .... 4% Mead Johnson.. 76%:United Fndrs... 4% Midwest Ut 17’-41 Chicago Stocks Opening (By James T. Hamill & Cos.) —Aug. 5 Sendlx Avia.... 20%!M0 Kan Pipe L 4% Borg Warner .. 19% Mtddle West ... 17% Houd Hersh A. 17%!N AmPftL.... 71 Elec Household 15% No Sc So Amer A 5% Insull com .... 27% Swift & Cos ... 25% Insull 6s ’40... 83%1U S Rad & Tel. 32%

Local Wagon Wheat

City grain elevators are paying 35c. for No. 2 red wwheat and 34c for No. 2 hard wheat.

New York Bank Stocks

(By Thomson & McKinnon) Aur. 4 BlcJ Ask. Bankers tltl!!!!!92V 95% Brooklyn "Trust 380 390 Central Hanover 213 ..18 Chase National °4 “4 Chatham Phoenix Natl.... 60 63 Chemical 44 ' 46',, City National 25 <8 Corn Exchange 93', 97, Commercial 200 240 Continental "J* ‘2 8 Fust National 3.470 3.670 Guaranty 4 |?., 4 25, Irvine "*, a 22,7 Manhattan Ac Cos 64’. 67‘ Manufacturers 4 } 4 2 8 New York Trust 141 146 Public 49 * Other LivestocK By United Prena PITTSBURGH. Aug. s.—Hors —Receipts. 750: market, mostly steady to $1 higher; pigs lower; packing sows, steady; 150-210 lbs.. 58.30fci8.50: few $8 60: 220-250 lbs *7 50'.! 8.15; heavier kinds down to $7; 100-130 lbs.. $7.65f<)8: most packing sows. ss® 5.50. Cattle—Receipt*. 10: market, nominally steady. Calves—Receipts. 150, market, steadv; top vealers. $9. SheepReceipts. 1.000; better grade lambs, steady, lighter weights, dull: strict to choice, 6j--75 lb. lambs, $7.253j>8. By Vnitcd Press EAST BUFFALO. Aug. s.—Hog sale, 1 200: desirable 150-210 lbs fairly active, strong to 10c higher at sß.4otfi 8.50: heavier weights about steady: 220-235 lbs.. SB6 8 25- 250-260 lbs., $7.50: bidding lower on pics' around *B. Cattle—Receipts. 225; ceneralv steadv: grass steers. $6: cutter cows Calves—Receipts. 300; vealers. unchanged. *9.50 down. SheepReceipts 500: holdovers. l.aOO: lambs, steadv: medium to lower grades draggv. new choice natives. $7.25: several necks common to good lambs, including bucks. *?“ throw-outs. $5.25 o 6.25; inferior kinds downward to >4. By United Presi CLEVELAND. Aug. s.—Hogs—Receipts. 700- holdover, 63; mostly steady 50 cents higher, but catchv ana spots lower on weights over 250 lbs., top and bulk. 160 to 530-lb. sorts. $8 and $8.50; pigs. $8; 340-250 lbs . *L50(i7.75; some 293-lb. average. *6.60. Cattle—Receipts. 350: grain feds absent: near standstill on generally trashy grassers; further price recession necessary If any extensive movement develops: scattering 650 down; cows weak. 25c or lower around $2 to *4 50: low grade bulks sharing decline. Sausage makers. *3.50 to *5. Calves—Receipts. 850. weak to 50e lower; decline centering on predominating weighty low grade offerings; desirable vealers (10 to $lO 50. scattering $11: ealves around *7 to $7.50. rather numerous. Sheep—Receipts. 1.400: except few strictly choice lambs at out of line top. market, steady, desirable iambs. *B@ 9-&0 in larly dependable trade; sorts ■raw on packages at *9: most throw-outs M down: few wethers carryog weght. $3.40.

New York Stocks * 1 11,, ißt Thomson St McKlnpom

—Aug. 5 Piev. Railroad*— High. Low 11 30. close. 'Atchison 148 147% 148 149% I Atl Coast Line 87% Balt Sc Ohio ... 47% 47 47% 481, ] Chesa Sc 0hi0... 35% 35% 35’, 35'/, i Chesa Corp 35% 36 | Chi N West 26 CRI&P 36% Del L Sc W 51 52 I Del Sc Hudson 117 Great Northern. .. ... ... 41 ; Illinois Central. 42 41% 41% 43 Lou Sc Nash 72% i Mo Pacific 21% [N Y Central ... 72% 71% 72% 73% NY NH Sc II 63% 63% Nor Pacific 33% 34 IO A W 11% ... Pennsylvania .. 43 42% 42 % 43% So Pacific 75% 75% : Southern Rv ... ... 28 I St Paul 4% St L Sc S F 15% Union Pacific 150 W Maryland 11% Equipments— Km Car A I-riv 16 Am LocomCvve .. ... 17 Am Steel Ftl 15% Am Air Brake S 27% 27% 27% 28 Gen Am Tank 59% General Elec.... 40% 40% 40% 40% N Y Air Brake 15 ; Pullman 30% 30% 30>/ a 31% Wcstlneh Ar 8.. .. ... ... 25% j Westlngh Flee... 58% 58% 58% 69% I Rubbers— Fisk , ... % Goodrich 12% 12% 12% 12% i Goodyear .. . 39% 38% 39 39 I Lee Rubber 3% U S Rubber 13% Motors— I Auburn 141 138% 141 141 i Chrysler 23% 23% 23% 24% Graham Paige 33 General Motors 37% 37% 37% 38% Hudson 13% Mack 29% 29% Marmon 3% Nash 26% Packard 6% 6% 6% 6% Reo 6 6 Studebaker 17% 18 Yellow Truck 8 Motor Access— Bendlx Aviation 20% 20% Borg Warner 19 19V* Briggs 13% 13% 13% 13% Campbell Wv 11% ... Eaton ... 14% El Storage B 54% ... Have* Body 2% ... Houda 6% Sparks W 7% Stewart Warner .. ... 11 11 Timken Roil 30 30 Mining— Am Metals 10 10% Am Smelt 31% Am Zinc 5% Anaconda Cop.. 24% 24 24% 24% Cal Sc Hecla ... ... 6% Cerro de Pasco 16% ... Dome Mines 11% 11 % Freport Texas 26% Granby Corp 12% Great Nor Ore 18% lint Nir .el .... 12% 12% 12% 12% Kennecett Cop. .. ... ... 18 Miami Copper 6% ... Texas Gul Sul 33% Atl Refining 14% 147', Barnsdall 7% Beacon 9 Houston 8% 8% Ohio Oil 9% 9% Mex Sbd 14% 15V, Mid Conti 9% ... 9% 9% Phillips 8 7% 8 7% Pr Oil & Gas 7% Richfield 1% 1% Royal Dutch 26% Shell Un 5% 5 7 / a Sinclair 10 9% 9% 10 % Skelly 4% Stand of Cal 36% 36 36 36 Stand of N J... 37% 37% 37% 37% Stand of NY. . . 17% 17% 17% 17% Texas Cos 22% 22% Union Oil 15% Steels— Am Roll Mills 20% 20% Bethlehem 36% 36% 36% 37% £ V , ers „ A , M 28 28% Colo Fuel ... 14U. Cruc Steel . 49 Midland 16% 16 i<s% . Repub I & S 13 i3 U S steel 85 84% 84% 8574 Vanadium 27% 26% 27 27% Youngst SAW 1734 Tobaccos— Am Too A (new) 117% Am Tob B (new) 120 General Cigar 35 Lig A Myers B 71% Lorillard “ {g Reynolds Tob ... 49% 50 Std Com Tob 2% Tob Pr A 10 Tob Pr B ; 3% Utilities— Abitibi 4 Adams Exp 14% 14% Am For Pwr... 26% 26% 26% 27 Am Pwr A Li.... 35 34% 34% ... A TAT 168 167 187% 169% Col Gas A El 2974 Com A Sou 8 8 El Pwr ALi 38% 3774 38% 38% Gen Gas A 4% Inti T A T 27% 2674 27 27% Natl Pwr ALi 24’% 24% No Amer C 0.... 65% 6574 6574 6674 Pac Gas A El 46 46 Pub Ser N J 79% 79 79 74 79 74 So Cal Edison. .. ... ... 42 Std G A El 6174 61%.. United Corn 2274 22% 2274 22% Ut Pwr ALA 22 West Union 115 Shipping— Am Inti Corp 1374 1 374 Inti Mer M pfd 8 8 United Fruit 56% Foods— Armour A 1% Cal Pkg 23 Can Drv 37% •• • Childs Cos 16 Cont Baking A 6674 Corn Prod 65 Cudahy Pkg ... 4040 Cuban Am Sug.. .. ... ... 4% Gen Foods 4974

Produce Markets

Eggs (country run)—Loss off delivered In Indianapolis 12c: henery ouallty No. 1. 14c; No. 2. 9c. Poultry (buvlne prices)—Hens weighing 5 lbs. or over. 17c; under 5 lbs.. 17c: Leghorn hens. 13c: 1930 broilers, full feathered 3 lbs. and un 24c: under 3 lbs., 21c: bareback. 12c: Leghorn broilers. 18c: ducks. 9c; old cocks B®9c: ducks, full feathered, fat whites. 9c: geese. 6c. These prices are for No. 1 top aualitv. quoted by Kingan 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. 19c: Longhorns. 18%c: New York limberger. 30c. By United Press NEW YORK. Aug. s.—Potatoes—Market, steady; Long Islands, $2@>2.25 barrel; New Jersey. 75c® $1.85 per 150 lbs. Sweet potatoes—Market, steady; Jersey baskets. $1.75; southern baskets. $i.60®1.75. Flour—Market. autet: spring patents, [email protected]. Pork —Market, dull: mess $21.75. Lard—Market, easier; middle west spot, 765577 C. Tallow—Market, auiet; special to extra, 3% ®3%c. Dressed poultry—Market, steady; turkeys. 25®50c; chickens. 25@40c; broilers. 26®30c: fowls. 12®29c; Long Island ducks. 13® 18c. Live poultry—Market steady; geese. 10®12c: ducks. 12®24c; fowls. 19® 24c; turkevs. 12@25c; roosters, 14®15e: broilers 18®31c. Cheese—Market.' auiet: state whole milk, fancy to special. 14®23c; young Americas, fresh, 15® 15 Vic. By United Press CHICAGO, Aug. 5. Eggs Market, steady; receipts, 8.113 cases; extra firsts, 19®20c; firsts, 18c; current receipts, 15®) lGc; seconds. 12®T3%c. Butter—Market, firm; receipts, 7.093 tubs; extras. 26c; extra firsts. 24%®25c; firsts, 22%®23%c; seconds, 19%® 21%c; standards. 26c. Poultry. market, unsettled; receipts. 2 cars; fowls, 20(.i21c: Springers, 24®27c; Leghorns, 15c; ducks, 15®18c; geese. 14c; turkeys. 15®18c; roosters. 12fil3c; broilers. 2 lbs., 22®25c; broilers under 2 lbs., 20®22c; Leghorn broilers. 18@19c. Cheese Twins, 14® 14 Vic; Young Americas, 14%® 14%. Potatoes—On track, 145; arrivals, 25; shipments. 392; market, strong; Idaho sacked Triumphs. $2.10®2.25; Arkansas and Louisiana sacked Triumphs, $1.75® 1.85; Missouri sacked Cobblers. 51.15® 1.25; East Shore Virginia barrels, Cobblers, [email protected]; Idaho Russets, mostly $2. By United Press CINCINNATI, 0., Aug. 5. Butter Steady: creamery in tub lots according to score, 22(<i 24c; common score discounted, 2 iii 3c; packing stock No. 1. 18c; No. 2, 15c: No. 3.10 c; butterfat, 21@23c. Eggs -—Steady; cases included: extra firsts, 21c; firsts, 16c; seconds, 13c; nearby ungraded. 17c. Live poultry—thin and coarse stock sell only at heavy discount; fowls. 5 lbs. and over. 23c; 4 lbs. and over. 22c; 3 lbs. and over, 18; 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, 23c; black springers, 20c. By Times Special CLEVELAND. Aug. s.—Butter—Extras. 30c; standards. 30c; market, firm. Eggs— Extras. 23%c. firsts. 17%®T8%c: market, steady. Poultry—Heavy fowls. 22®23c; medunt. 22c; Leghorn. 15®18c; heavy broilers. 23®26c; light broilers, 17® 21c: ducks. 12L15c; old cocks. 12c; geese. 10®'15c; market, firm. Potatoes—Virginia No. 1. cobblers best. $2 50: few $1.65: few. $2.40; per cloth top stave barrel: Maryland mostly $2.60 per barrel.

Investment Trust Shares

. Gibson & Bernard) TRICES ARE TO 12 NOON C. S. T. —Aug. 8— , _ Bid. Ask. Amer Founds Corp com 3 3', Am & Gen Sec A 13 Am Inv Trust shares 4>4 4% Basic Industry shares 4** jx* Corporate Trust shares 4', 4% Cumulative Trust shares 5% 6% Diversified Trustee shares A... 14% ... First American Corp 7 7% Fixed Trust Oil shares 3% ... Fixed Trust shares A 12 Inv Trust N Y 6% 7% Leaders of Industry series A 6% ... Low Priced shares 6% 6% Nation Wide Securities 5% 6 National Industry shares.... 4% 5*4 N Am Trust shares 4% 4% Sel Am shares 4i A 4a; Shawmut Bank Inv Trust 7'., 9 Universal Trust shares 4=-, 5*4 Super Corn of Am Trust sh A 5% 6 Fundamental Trust shares A.. 5% 6% Fundamental Trust shares A.. 6V* 6% U aJlea Uft Pwr A 28', 50%

Grand Union is I*% Hershey 9 96 % Jewel Tea 40 Kroger 30% 3074 30% 31 Nat Biscuit 577* 57% Pillsbury 29% Safeway St ... 63 62 % 63 63% Std Brands 18 15 Drugs— Coty Inc 75Lambert Cos ... ** * @5 Industrials— Am Radiator ... 12% 1274 1274 12% Bush Term 23% Certainteed " 55^ Gen Asphalt ’ 20 Lehigh Port 10% Indus Chems— Allied Chem ....107% 105% 106% 108 Com Solv 1674 16% Union Garb ... 49 48% 49 49% U S Ind Alco ... 28 Retail Stores— Assoc Dry Gds 1974 19 s , Gimbel Bros ..... ... 5:: Kresge S S 26*2 Mont Ward ... 20% 20% 20% 21 Penny J C 36% 36% 36% 37% Sears Roe 55Vi 56 Woolworth 68% 68% 68% 69 Amusements— Col Graph 8 Eastman Kod .136 135 i35% 137 Fox Film A ... 1574 1174 14% 15% Grigsby Gru 33 Loews Inc 4674 45 46% 46% Param Fam ... 23 74 23 % 23% 23% Radio Corp 17% 17% 17% 17% R-K-° 13% 137a 12% 13% Warner Bros 714. 73. Mi.xcellancous— Congoleum 13 13 Am Can 91 90 9074 9174 Cont Can 471* 471, Curtiss Wr 33 Gillette SR ... 2174 21'4 Real Silk 6 5% Un Arcft 27 27% Int Harv 39 40%

Dow-Jones Summary

Standard OH of California declared the regular auarterlv dividend of 62% cents payable Sept. 15. record Aug. 15; six months net profit $5,643,968 after all charges and inventory adiustments against $19,718,524 in the like 1930 period: June auarter profit $1,275,358 against $4,368,610 in the previous auarter and $10,288.300 in June 1930 Quarter. Allis Chalmers unfilled orders as of July 31 were $9,607,000 against $9,032,000 on June 30 and $15,699,000 on July 31. 1930. Standard Oil of Nebraska declared the regular auarterlv dividend of 50 cents payable Sept. 21. record Aug. 27. United Chemicals Inc., declared the regular auarterlv dividend of 75 cents on the preferred, payable Sept. 1, record Aug. 15. New York cables opened in London at 4.85% against 4.85 23-32; Paris checks, 123.90; Amsterdam. 12.042; Italy, 92.87. and Berlin. 20.50. Interborough Rapid Transit Company, year ended June 30. net loss $3,315,934 after Interest, taxes and Manhattan Railway dividends against net loss of $2,155.077 in the previous vear; June deflicit $216,406 against deficit of $218,727 in June. 1930. New York Central car loadings in week ended Aug. 1, totaled 53.446 cars against 51,494 cars in the previous week and 61.052 cars in the like 1930 week. Car loadings in the United States m week ended Julv 25, totaled 741,752 cars, a decrease of 5.803 from the previvous week and 177.549 cars below like 1930 week according to the American Railway Association. National Public Service Corporation vear ended June 30. profit $5,671,424 after all charges but before depreciation against $5,094,096 fn the previous year. World wheat carry over on Julv 1, unofficially estimated at over 170.000,000 bushels, against 563.000.000 bushels a year ago. j Hathaway Bakeries declared the regular dividends of 75 cents on the A stock payable Sept. 1. record Aug. 15. Canadian National Julv gross $11,876,060. against $15,341,000 In July. 1930; seven months. $82,367,000. against $100,417,000. Sterling Securities Corporation omits the dividend of $1.20 on preference stock due at this time: declared the regular quarterly dividend on the conventional first preferred stock, payable Sept. 1, record Aug. 15. Great Northern July loadings 72,124 cars against 102.379 cars in July. 1930. Adams-Millis Corporation in six months ended June 30 earned $2.49 a common share against $2.15 in the first half of 1930; current assets $2,712,090 and current liabilities $367,922. Eureka Vacuum Cleaner six months ended June 30 net loss $313,582 after charges, against net loss $184,948 In the first half of 1930. Western Dairy Products Company six months ended June 30. net profit $717,921 after all charges but before sub-dividends against $440,094 in the first half of 1930; June auarter net profit $512,489 against $205,432 in the previous auarter and $374,982 in the June 1930 auarter. Collins and Aikman Corporation declared the regular quarterly dividend of $1.75 cents on the preferred payable Sept. 1. record Aug. 19. 1 Southern Natural Gas Corporation, six months ended June 30. balance after expenses, taxes, etc., but before depreciation, interest and other charges, was $875,872: interest requirements for six months period amount to $535,095 on $17,836,500 first mortgage 6 per cent gold bonds outstanding. Packard Motor Car Company six months ended June 30. 1931. net loss $90,120 after all charges including depreciation. Net profit for first auarter was $113,004. for second quarter ended June 30, net loss $203,125 after all charges including depreciation.

Indianapolis Stocks

—Aug. 5 Bid. Ask. American Cent Life Ins Cos. .1.000 Belt RR & 8 Yds Cos com.. 29% 35 Belt R R & Yds Cos pfd 65... 50 55 Bobbs-Merrill Cos 20 26% Central Ind Pwr Cos pfd 7s .... 73% 78V, Circle Theater Cos com 75....100% 103% Citizens Gas Cos com 10s 23 26 Citizens Gas Cos pfd 5s 98 101 Commonwealth Loan Cos pfd 7s 97 V 4 101 Commonwealth Loan Cos 85...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'/2S 104% ... Indpls Pub Yel Ln Assn cm 8s 55 Indpls Wa Cos pfd 5s 100% ... Pub Servos Ind 7s 97% 100 Pub 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 s*/2S 94 96% No Indiana'-Pub Cos 7s 100% ... Progress 18% ... 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 Cos com 18 Ind Pipe Line Cos 12 12*4 Link Belt com 26 27 Lynch Glass Machine Cos com 16% 18 Nobiitt Sparks Industrials Inc 41 42 Perfect Circle Cos com 34 36 Real Silk Hosiery Mills Inc.. 6 Real Silk Hosiery Mills pfd.. 24 30 Standard Oil Cos (Indiana).... 23% ... Ross Gear 19 24 Natl Title 5% 6% J D Adams Manufacturing Cos 18 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 & Tof Ft. Wayne 6s. 1 $2% ... Ind Railway & Light Cos 55.. 93 96 Indpls Pow & Li Cos 5s 103% 104% Indpls Gas Cos 5s 102% ... Indpls Street Rvs 4s 10 ... Indpls Trae Terminal Cos 55.. 43% ... Indpls Union Ry 5s 102 Indpls Water Cos 5%s '54 104 105 Indpls Wat Cos Ist lien ref 55.101 Indols Water Cos 4%s 100 101% Indpls Water Wks Sec Cos 3s. 90 Interstate Pub Ser Cos 4',5.. 99% ... Interstate Pub Ser Co(B) 6%5.102 Interstate 5s 99 No Ind Pub Serv Cos 102 ... Terre H T & L 5s 93 ... New York Liberty Bonds —Aug. 4 3%s 102.14 Ist 4 *4s 103.4 4th 4%S 104.23 Treasury 4*4s 112.52 Treasury 4s 108.1 Treasury 3%s of '47 102.24 Treasury 3%s eg '43 (March) 102.18 NEW YORK COFFEE RANGE High. Low. Close —Aug. 4 March 5.50 5.40 5.40 May -5.65 5.53 5.53 July 5.73 5.61 5.6i September 5.15 4.97 4.97 December 5.30 5.21 5.23 RAW SUGAR PRICES —Aug. 4 High. Low. Close January 1.47 March 1.51 1.50 1.50 May 1.58 1.55 1.55 July 1.61 1.61 1.61 September 1.44 1.43 1.43 December .....4...... 1.46 L 45 1.46

THE INDIANAPOLIS TIMES

DEMAND SENDS PORKERS UP 15 TO 55 CENTS Cattle Steady to Lower; Sheep Show Strong Price Range. Hogs advanced 15 to 30 cents this morning at the city yards on strong buying demand. Some weighty butchers were up to 40 to 55 cents. The bulk, 140 to 280 pounds, sold ! for $7 to $8; early top holding at SB. Receipts were estimated at 3,000; holdovers were 188. Choice light steers and best heifers held steady in the cattle market, other classes showing a lower trend. Receipts were 1,000. Vealers moved up 50 cents, selling at $9 down. Calf receipts were 500. Lambs held strong to higher, the bulk selling at $6.50 to $7.50. A few small lots made the market at $7.75 to SB. Receipts were 1,500. Chicago hog receipts were 13,000, including 1,000 direct. Holdovers, 5,000. Market fairly active on light weights with prices steady to 10 cents higher than Tuesday’s average. Good to choice 180-210-pound weights sold at $7.90 to SB, some held higher. Choice 230-pound weights, $7.70. Cattle receipts, 14,000 and calves, 2,000; market steady to 25 cents lower. Sheep, 10,000; steady. —HOGS— July Bulk. Early top Receipts. 29. $6.90® 8.35 $8.35 2.000 I 30. 7.00® 8.50 8.50 3,000 j 31. 8.00(5) 8.50 8.40 4.000 A l! e ‘ 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 5. 7.00® 8.00 8.00 3,000 —Aug. 5 Receipts, 3,000: market, lower. —Light Lights—-(l4o-160) Good and choice...® 7.65® 7.75 —Light Weights—-(l6o-180) Good and choice... 8.00 (180-200) Good and choice 8.00 —Medium Weights—-(2oo-220) Medium and good.. 7.90® 8.00 (220-250) Good and choice... 7.60® 7.80 —Heavy Weights—-(2so-290) Good and choice... 7.20® 7.50 (290-350) Medium and good.. 6.50® 7.00 —Packing Sows—-(27s-500) Medium and good.. 4.25@ 5.75 (100-130) Slaughter pigs 7.50 CATTLE (Slaughter Class) Receipts. 1,000: 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 common 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. 500; 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® 7.00 Common and medium 3.75® 5.25 SHEEP AND LAMBS Receipts, 1.300; market, steady. Good and choice $ 6.00® 8.00 Common and medium 3.09® 6.00 Ewes, medium and choice 2.00@ 3.50 CuU and common I.oo® 2.00 Other Livestock By United Press CHICAGO. Aug. s.—Hogs—Receipts, 13,000, including 1,000 direct; active, 10@20c higher; packing sows steady. 10c higher; 170-210 lbs.. $7.85®8: top. $8.10; 200-310 lbs., $6.35®7.85; pigs. $6.25®7.25; packing sows. $4.75®5.50; smooth sorts to $6; light lights 140-160 lbs.. $7.25®7.90; lightweights. 160-200 lbs., good and choice, $7.75®8.10; medium weights. 200-250 lbs., good and choice. [email protected]; heavyweights. 250-350 lbs., good and choice, [email protected]; packing sows. 275-500 lbs., medium and good, $4.50®6: slaughter pigs, 100-130 lbs., good and choice. $6.35®7.25. Cattle—Receipts. 14.000: calves 2.000; strictly grain fed steers and yearlings steady on early rounds: yearling steers up to $9.35; yearling heifers, $8.75: several loads weighty bullocks sold at57.75®8.25; some held higher; market, slow on in-between grade offerings and grassers and most early bids on grass cows and heifers 25c lower; bulls steady to weak; vealers about 50c off; slaughter cattle and vealers: Steers. 600900 lbs., good and choice. $8.25®9.50; 9001.100 lbs., good and choice. [email protected]; 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, $4.50®7.50; heifers. 550-850 lbs., good and choice. $7®9.25; common and medium. $3.25®7; cow’s, 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. $3®4.75; 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. 10.000; slow, mostly steady: choice native lambs scarce: few decks. $7.75 to city butchers; less desirable kinds [email protected] to packers: rangers unsold; fat ewes. $1.75 ®3; slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice. $6.75®7.85; medium. $5®6.75; all weights, common, $3.50®5; ewes, 90-150 lbs., medium to choice. $1.75®2.25: all weights, cull and common. [email protected]: feeding lambs: 50-75 lbs., good and choice. [email protected]. By United Press FT. WAYNE. Aug. s.—One hundred to 140 lbs., $7.25: 140-160 lbs.. $7.50: 160-280 lbs.. $7.80: 180-200 lbs.. $7.90: 200-210 lbs., $7.80: 210-220 lbs.. $7.70; 220-230 lbs.. $7.60; 230-240 lbs.. $7.50; 240-250 lbs., $7.40; 250-260 lbs.. 57.25: 260-270 lbs.. $7.10; 270-280 lbs., $7: 280-290 lbs.. $6.90; 290-300 lbs.. $6.75; 300-325 lbs.. $6.50; roughs. $4.50; stags, 3.25; calves. $8.50; lambs. $6.50; hog market. 10 @ 60c higher. By United Press EAST ST. LOUIS. HI.. Aug. s.—Hogs Receipts. 6.000; market, uneven; lighter weights steady to 10c lower; others mostly steady; practical top. 7.90; few lights. $8; 160-220 lbs. $7.55®>90: 235 lbs. to 270 lbs.. $7®7.60; 100-140 lbs.. $7®7.50; sows mostly 54.25®5.50. Cattle—Receipts, 3.500; calves, receipts 1.500; market, slow on native steers: a few barelv steady in early deals at $7®8.50; western steers around steady at $4.75®6.65; mixed yearlings and heifers steady to 25c lower: cows weak; low cutters and cutter cows steady undertone, mostly lower on bulls: vealers unchanged at $8.25. Sheep—Receipts. 2,500; market, lambs opened steady to city butchers; few choice lambs. $7.25; packers talking slightly lower. By United Press CINCINNATI, Aug. s.—Hogs—Receipts. 1.900: held over. 150; fairly active, mostly steady: better grade. 170-225 lbs.. $8.15® 8.25, mostly $8.25 on 220 lbs. down; 230 to around 250 lbs.. 57.25®8; some 270-280 lbs.. $6.75®7; 120-160 lbs., largely $7.50; a few sows. $4.50® 5 Cattle—Receipts. 325: calves 350; low grade grass steers and heifers largely on a peddling basis; some common off color material showing decline of 25 cents or more: better grades and other classes mostly steady; common and medium grass steers and heifers. $4.50 ®6.75: some downward to $4: a few better finished kind. s7@B; small lots fed yearlings upward to 58.50. or above; most beef cows. $3.75®4.75: a few $5: low cutter and cutter cows. $2®3.50: bulls in better demand: practical top. $4.50: vealers steady; good and choice. $7.50®8.50; lower grades. $7.50 down. Sheen—Receipts, 2.200better grade lambs scarce with strong undertone under a good demand: a few sales. $8(5.8.50: practically nothing here of value to sell above; common throwouts unreliable sellers at $4®5.50; skips down-v-|rd to $3; sheep steady; fat ewes. s2® By Times Special LOUISVILLE, Aug. s.—Cattle—Receipts, 300; steady; extreme range medium and food steers and heifers, $5.50®7; bulk elow $6.50; best slaughter cows, $3.50® 4.25; common. $2.25@3: low cutters and cutters, $1.25®2.25; calves, receipts. 350; steady; top vealers. $7. Hogs—Receipts. 500; steady; top. $7.80 for 160-220 lbs.; 220-290 lbs., $7.05: 290 lbs. up. $5.80: 140160 lbs.. $7.05; 140 lbs. down, $6.55; packing sows. 54.05®5.05: stags, $3 85 down. Sheep and lambs—Receipts, 1.200; best lambs, steady; top, $7.50; bucks, $6.50; culls, 53.50 down. Tuesday’s shipments— Cattle, 61; calves. 233; hogs, none; sheep 1,022. * By United Press TOLEDO. Aug. s.—Hoes—Receipts. 150; steady; heavies. $6 25® 7; mediums. *7,25®7.50; Yorkers. $7.25®7.50: pigs. s7® 1.50. Cattle—Receipts. 200: market, steady. Calves—Receipts, light: market, strong. Sheep—Receipts, light; market slow, steady.

‘and 7 1 CENTRAL IND. POWER Newton Sell -I - r 415 Lemcke Bidr. J : j> TO and and

BELIEVE IT OR NOT

. 'll HHI &pvpuy j jjl jMj gKtFrfrfm french Musici&n Ii l (||||P'v £c v/IUEO HER ENT|RE fortune fj l ; J ("INCLUDING COUNTRY v,,,, 1 LiltUill " OF A DENTIST WHOSE ft. KAfAEtS LAWni^ Ct PMjWTOIk /' *lsumEßL Thf - GirLwho fij ~ MAZATLAN \klJ l* t ? fillMi®*?' /7 \ Mexico \l' CHICKENS WILL I i / f WON \l. fSEEK SHELTER FROM N ( // 11 JJiA ~~~ A SHOWER. - OUT IF j j// fiQHTS A BIRTHDAY CAKE WEIGHING 3000 IBS THE RAIM IS GOING TO // 1M SUCCESSION BAKED FOR PAT BURNS, CANADIAN LAST all day - They fe-J? from Tough male CATTLE KING Canary. will stayooTm \T opponents | © 1931. King Features Syndicate, Ine., Great Britain rights reserved. ©4P - #. c

Bright Spots of Business

By United Press Chevrolet output three months to July 31 was 264,756 units; year ago, 250,349. Middle West Utilities electric output week ended Aug. 1, up 5.7 per cent. Kelvinator shipments in July, 49 per cent ahead of last year. M. H. Fishman Company sales seven months to July 31 were sl,259,998, against $1,022,425 in like 1930 period. PROPOSE ¥ MERGER Cleveland World Conference Debates Discrimination of Sexes. By United Press CLEVELAND, Aug. 5.—A proposal to open membership of the Young Men’s Christian Association to women was opened for discussion today before the forty-third international convention of the organization, meeting in conjunction with the world’s conference. Climaxing a long period of study by joint committees of the Y. M. C. A. and the Young Women’s Christian Association, opposing factions presented their views on the movement prior to the submission of amendments that would abolish discrimination of sexes in the “Y” membership. LODGE SECRETARY DEAD Usher A. Hall Held National Post in I. O. O. F. 20 Years. By United Press PHILADELPHIA, Aug. s.—Usher A. Hall, grand secretary of the Independent Order of Odd Fellows, died today at his summer home in Frederick, Md., according to word received at the headquarters of the fraternal order here. He was 76 and had been grand secretary of the organization since May, 1911. He is survived by his widow, four children, two sisters and a brother. Funeral services will be held from the grand lodge here on Friday evening.

MOTION PICTURES CO>VIFOW.TAB..V coot. 125 c to 1:00 P. M. N O W COME ON! INDIANAPOLIS! The screen’s greatest comedy, here only three days more. MARIE ' DRESSIER and POLLY MORAN Marie is running for mayor and Kicked houses are the result, on’t forget to cast YOUR vote. —ALSO—KRAZY KAT CARTOON SPORTLIGHT—N EWS —Starts Saturday— MARION DAVIES and Fannie Hurst’s

Specialists tn Unlisted Securities Edw. W. Zaiser Securities Corporation 129 E. Market

On request, sent with stamped addressed envelope, Mr. Ripley will furnish pYoof of anything depicted by him.

Following is the explanation of Ripley’s "Believe It or Not,” which appeared in Tuesday’s Times: Mrs. Vaughn Had 62 Husbands —On Dec. 19, 1922, Mrs. Theresa Vaughn, 27, was arraigned in Sheffield, England, on a charge of bigamy. At the court hearing Mrs. Vaughn confessed to sixtyone bigamous marriages while her legal husband still was living. She had sixty-two husbands scattered over Great Britain, Holland, and Germany, all of whom she had married within a period of five years. Thursday—“ The Man of Many Religions.” MRS. FLORA ROBINSON FUNERAL THURSDAY Services to Be Held at Lebanon for City Woman. Mrs. Flora Jane Robinson, 67, died Tuesday at the home of her daughter, 209 West Thirty-third street. She had been ill two weeks. Mrs. Robinson was born near Lebanon. Following the death of her husband, John O. Robinson, to whom she had been married fortytwo years, she came to Indianapolis. Surviving her are two daughters, Miss Irene Robinson and Miss Ruth Robinson of Indianapolis; a son, Hubert W. Robinson of Chicago, and three brothers, Elmer Caldwell of Indianapolis, Dr. M. A. Caldwell of Louisville, and Frank Caldwell of Eldorado, Kan. Funeral services will be held at the Lebanon Methodist church, of which she was a member, at 10:30 Thursday morning. Burial will be in Lebanon.

MOTION PICTURES I in United Artists I ‘INDISCREET 1

the bis ones plat I HURRY* HURRY! v Buy Viin Money Kill Love? Are All Men Fortune Hunters? “MOTHER'S MILLIONS" with MAY ROBSON James Hall—Frances Dado EXTRA Free Auto Park Ruth Etting f or patrons ~~ NEXT SATURDAY Here he is! THE NEW n aUI Rogers YOUNG At YOU FEEL based on Goorgo Ado's colobratod stag# comody r jj Lucien <4/ LittlefUld ; —Added— Bobby Jones

\7 Registered D. 8. MJ J Tatent Offlca RIPLEY

Net Changes

By Times Special NEW YORK, Aug. 4.—Closing prices on principal stocks traded on the New York Stock Exchange today follow: Up. Off. American Can 91% % ... Amer & For Power 27 ... 1 Amer Tel & Tel 169% ... 1% Auburn Auto 141% ... 3 Bethlehem Steel 37 ... 1 Case J. 1 52% % ... Chrysler 24% ... > /4 Consolidated Gas 92% % .. General Electric 40% % General Motors 38% % . International Nickel 12% % ... International Tel & Tel 27% ... % Loew’s. Inc 46% ... % Montgomery Ward (unch.).. 21% ... New York Central 73% ... 1% North American 66’... % Packard (unchanged) 6% Pennsylvania 43% ... % Public Service 79% ... % Standard of N. J. (unch.). 37% Texas Corp 22% ... % United Corp 22% ... y 4 U. S. Steel 85% 1 Vanadium (unch.) 27% ... . Westinghouse 59% ... 4

AMUSEMENTS

-SWIMSanitary—Perfect Water BROAD RIPPLE POOL

TAini lifts I Mte!! 60c! 75c! ?lj l>wSS-.l IV y Matinees 2:30 I SIS ’ Thurs ” 2Bc ’ ® oc i “A Robust Show” I says Walter D. Hickman, Times. | Lenore Ulric’s latest hit, featuring ■ FRANCES DALE SUNDAY NITE SEATS NOW B “AS HUSBANDS GO” featuring the stage & screen star R BEVERLY BAYNE g

MOTION PICTURES

iwnL iff 35 (hatte&on I Anybody's woman! Laugh- ; ing ... Mocking ~. Sweep- '• •) •] •] v ing you off your fee)!... in •! \ • • the ; •: •: :• MAGNIFICENT M LIE Paramount'* Sublime •)■ *. heart-romance with : V \ \ !• STUART ERWIN RALPH BELLAMY !• 5 7 25c 35c 50c Mi} TO ONE TO SIX AFTER SIX -7;;; Last 2 Days! “Confessions f a Co-ed” |

AUG. 5, 1931

GRAIN FUTURES < HIT NEW LOWS IN WEAKTRADE September Breaks Through Old Bottom Figure. BY HAROLD E. RALVVILLE I'nited Press Staff CorresDondent CHICAGO, Aug. 5.—A1l deliveries of wheat and corn, except September corn, and September and December oats set new lows for the season as the Board of Trade opened today with September wheat again setting anew all-time low mark but still above the record low of 48 set by July. Selling on the extreme weakness at Liverpool found practically no buying orders and prices fell around lc at the start. Liverpool was being pressed by wheat from southeastern Europe at low prices and the pound sterling was lower today. Corn sold off with wheat but September continued to hold above its low mark. Oats followed the major grains in a light trade. At the opening wheat was ** to 1% cents lower, corn was H to % cent off, and oats were % to f 4 cent down. Provisions were weak. Chicago Grain Range —Auk. 5 WHEAT— Prer. _ High. Low. 11:00. close. Sept 48 3 --i .48’j .48’ 4 .49 s , J>c 52 s , ,52 V .52 s , .53’, March 55% .55’-', .55% 56 V m corn— 571/2 - 57 '* - 57 ’ 2 -mS Sept 51 s , .51 s -, .51% 52V Dec 42’. .42 V .42 s , .43 % March 45 .45’4 May 47V, .46 s /, .47 .48 OATS—. Sept 22'4 .22 .22 ,22V Dec 24 s , .24H -24% .25 May 27 .26’, .2674 .27’4 RYE— Sept 34 .34% Deo 387, LARD— * Sept 7.35 7.32 7.32 7.37 Oct 7.37 7.25 7.25 7.30 Dec ■■ 6.45 Su Timex Special CHICAGO. Auk. s.—Carlots: Wheat, 339: corn. 16; oats. 62: rye. 1; barley. 8. RETIRED RAIL VETERAN SUCCUMBS AT HOME Warren T. Gipe, 73, Formerly Was Engineer for Pennsy. Warren T. Gipe, 73. of 40 North ‘ Beville avenue, died Monday at his home. He was born in East Germantown, Feb. 14, 1858. He came to Indianapolis at the age of 14. For years Mr. Gipe was connected with the Pennsylvania railroad as locomotive engineer. After his retirement, he was employed by the Indianapolis Fancy Grocery Company. Mrs. Elizabeth M. Gipe, Mr. Gipe's wife, died about a year ago. They had been married forty-eight years. Survivors are two daughters, Mrs. Delia S. Smock and Mrs. Mabel J. Roberts of Indianapolis, and a son. Dr. Walter W. Gipe of Greentown. Funeral services will be held at 2 this afternoon in the East Park M. E. church. The Rev. F. T. Taylor will officiate. Burial will be in Crown Hill cemetery.

AMUSEMENTS

M Glorious Romance of a ■’v I Virtuous Sinner pklfekC WOMAN DAVID MANNERS ~Og~ SAM HARDY fcv>C - BERYL MERCER ’till * p ’ m ' Also—Select Short Subjects Mid-West Premiere Saturday jiV^HOLT St * -sgflli FAY WRAY w RALPH GRAVES

MOTION PICTURES

t" 1 ' ' 1 V Last 2 Days! JOE E. BROWN in “BROAD MINDED” ISSI ‘ Bfi shannon! gRICHARD ARLENg ■ STUART WALKER’S H