Indianapolis Times, Volume 43, Number 77, Indianapolis, Marion County, 8 August 1931 — Page 12

PAGE 12

BREAK IN RAIL LIST WEAKENS STOCK MARKET Turn in Grain Mart at End of Session Halts Declines.

Average Stock Prices

Average of thirty industrials for Thursday was 133.77. off .33. Average of twenty rail* was 71 58. off .58. Average of twenty utilities 55.10. off .67. Average of forty bonds was 84.54. off .18. BY ELMER C? WALTZER United Press Financial Editor NEW YORK, Aug. 7.—An abrupt turn in the grain market that sent wheat soaring more than 2 cents a bushel halted a decline on t.*r Stock Exchange today and a vigorous recovery was under way as the close neared. Rails failed to regain all their early losses which ranged to 4 points, but they came back several points from the lows. Late in the day sentiment was changing all around. It was helped by reports that operators recently bearish on grains had turned bullish. Rumors that Arthur Cutten was buying wheat was a factor in restoring confidence in stocks. Fred Uhlmann, prominent on the bear side recently, admitted that he was not bullish on wheat. Has Corn Monopoly Thomas M. Howell, millionaire grain operator, was reported J ; have practical monopoly on the supply of July com, being reputed to hold 3,000,000 bushels. He stated he expected the price to rise. Cotton futures rallied from lows after making new lows since the 1914-1915 season. Copper made a record low on the London Metal Exchange. On the curb and Chicago Stock Exchanges heavy selling in Cities Service was an unsettling factor. This widely held stock broke to record low levels. It rallied late in the day when the markets tun up with the big board. Improvement in the German situation was a factor in bringing a turn in the stock market. German restrictions on foreign exchange were to be lifted Saturday, and it was believed the Reichsbank would be able to reduce its 15, per cent rediscount rate within a week or so. Favorable Reports Made Several favorable reports were made public today, including Radio Corporation, Sears-Roebuck and Safeway Stores. Socony-Vacuum declared an initial dividend of 40 cents a share quarterly, which made the payment exactly tte same as holders of Standard of New York and Vacuum were receiving before the merger of the two. Before the late rally the market was unsettled by a drive against the railroad shares. New York Central made anew low' since 1921 at 10% and New Haven made anew low since 1928 at 59%. Canadian Pacific made anew low for the present shares and Illinois Central a record low. Pennsylvania wa* down to the lowest levels since 1925. Atchison and Union Pacific lost heavily. Sales Show' Decrease Preliminary calculation showed the Dow Jones railroad average down 0.33 at 71.25; industrial up 1.36 at 135.13, and utility up 0.21 at 55.31. Sales totaled approximately 700,000 shares, against 900,000 shares Thursday. Curb Exchange sales totaled 270,000 shares, of which 75,700 shares were turned over to Cities Service stock, its volume making up more than 28 per cent of the business done on the market. The issue made anew low at 8% and closed at 9*4, off Vi. Sales on the Chicago Stock Exchange totaled 82,000 shares, of which 17,250 or 21 per cent were in Cities Service stock. The stock made anew low at 8 and closed at 9%, off %.

Bank Clearings

INDIANAPOLIS STATEMENT —Auk. 7 Clearings $3,488,000.00 Debits 5.368.000.00 CHICAGO STATEMENT —Auk. 7 ClearlnKS $55,800,000.00 Balances 4.000.000.00 TREASURY STATEMENT —Auk. 7 Net balance for Aur. 5 $227,306,160.81 Expenditures 13.522,685.60 Customs rects. mo. to date.. 5.271.196.04

Net Changes

/•“;/ United Press NEW YORK, Aug. 7.—Closing prices on principal stocks traded on the New York Stock Exchange today follow: Up, Off. American Can 90 3 * 's ... American A Foreign Power 26 3 1 ... Americun Telephone 167'* 3 ... Atchison 145 ... 2 Auburn 131 U IV* ... Bethlehem Steel 37°b '/a ... Case, J. 1 54 7 b Va ... Chrysler 23 3 is ... Consolidated Gas 90 3 * v t ... Fox film A 13 General Electric 39 s * ... Vs General Motors 37 l a ... International Telephone ..27 ’j ... Loew's Inc 45 ... Montgomery Ward 20'j ■’* National Biscuit 57 ' /... N Y Central 71 3 . ’* ... North American 64 3 < 3 ... Pennsylvania R R 42' a ... is Radio 17is 3 4 ... Radio-Keith 13 3 ... ... Standard Brands 18 ! V* ... Standard of N J 37's J* ... Standa*d Oil of N Y 17-S l ... Transamertca 7 ... ... United Corp 22 3 ... United Gas Imp 28’/a U S Steel 86 IV* ... Westlnghouse Elec 50 3 * 7 a ... Wooiworth 68is V* ...

New York Curb Market

(By Thomson & McKinnon! —Aug. 7 Close.; Close. Alu Cos of Am. 115*4 Midwest Ut 17 Am Cynamld .. 7 s Mo Kan Pipe.. 4V* Am Gas & El.. 62 3 4 Nat Fam Stores 2 Am Sup Pwr.. lOViNat Avia 7 1 . Arlc Gas A .... 32 Nat Inv s>* Ass Gas A- El.. 12 5 Newmont Min.. 26U Bras Pwr & Lt 17V Nia Hud Pwr... 10'< Can Marc 2 3 *;Peivroad 5 3 * Cities Serv 9> Sel Indus 2S Cons Gas Balt. 92 Shenandoah ... 4 Cord 7VSo Union Gas.. 6 7 Elec Bnd Sh .. 36>ci!std of Ind 23 Gen Avia .... 5 Std of Ohio 43‘* Ford of Can .. 17VStuti 10 3 4 Ford of Eng .. IOV Trane Air Trans 5 1 * Fox Thea .... 2 3 *!Un Gas 6’a Goldman Sachs s* Un It & Pwr .. 19V Gulf Oil 57 jUn Verde 10 Humble Oil ... 59 !Ut Pwr B .... 7 1 * Imp Oil of Can 13Vi Vacuum OH 43 3 Ind Terr A .... 9 | United Fndrs .. 4V* Insull Ut 27V.1

Local Wagon Wheat

Clt vgraln elevators are paving 34c for w?.tr red wheftt ind S3c for^Nft^ajhard

New York Stocks 1 1 ,Bi Thomson 81 McKlcnom

; By United Prat NEW YORK. Aug. 7.—Sales on the New York Stock Exchange today totaled 700,000 shares; curb j stock sales totaled 270,000 shares. —Aug. 7 Prev. Railroad* — High. Low. Close, close. Atcrason 146% 143 14a 141 tjait te 0hi0.... 4*>V 46*/2 4o ohesa <St 0hi0... 35-* 34V* 34-* 35 Cnesa Corp.... 35 'a 34 v 35 35 Cm Ort West... 5% b% 57s # cm N West 2on 25Vs 2a % 2s',a CH X l' 36 • 35 35Va 36 Del Li W ->0 ... Del a Hudson... ..... ... Erie is* 18‘.a 18% ••• ureal .Nortnern. 38 3<% 33 Mr* Illinois central. 4033 u 33'a *ov Mit & X 12% 12V. 12V. 12* Mo Pacific 21% 20 a 20 va 2i V* N Y central 71 v. 70Vs 71;* <l7. Mckel Plate , •••, 2iV. NY NH &ri ... 62Vi 59% 00 * o 2 Nor Pacillc 33 * 33 V. 33-7* 33V. Norfolk a: West .. ... loa 104 Pennsylvania .. 42V. 42 42 Va •2 7 ,. ReaaniK j „ ... 65 65 bo Pacific ’(•% <3 V* ■ •*% iia Southern Ry ... 26 25V. 26 25. St Paul 4 s '. 4Va 4% 4‘.a St Paul pfd 7; 8% St L & S P 15 l3‘/ Union Pacific ..146 1 /* 144 145 Va 146 W Maryland .... Ill* 11% 11 Va ... Equipments— Am Car fay... 16 15V* 16 16 Am Locomotive. .. ... Am Steel To 151a 15% Am Air Brake S 27 Va 277* Oen Am Tank... 58Va 58 58% 58 General Elec : 39% Gen Ry Signal 50 46V* 46V* ... Pullman 30 29 Vi 29Va 29 1 /* Westmgn Ar B 25Va Westingn Elec.. 59% 58V* 59U 58V. Rubbers— Firestone ......... . . 18 Fisk % % Goodyear 39U 39 39% 38 3 /* Lee Rubber 3% ... U S Rubber 12% 12% 12% 12V. Motors— Auburn 133 3 ,* 126 V. 131V* 130 Chrysler 22% Graham Paige... 32% 32% General Motors. 37% 36% 37 36V2 Hudson 14 13V. 13% 13 Va Hupp 7 3 /* 7% 7% 7% Mack 28V* 27% 28V* 28% Marmon ... 33 Nash 25% 25 V* 25% 2a% Packard 6% 6Va 6 5 /. 6% Reo 6 5% 6 5% Studebaker 17V'a 16% 16% 16% Yellow Truck.... 7V 7% 7% 7% Motor Access— Bendix Aviation 20% 20 20% 20 Borg Warner 19 18% 19 18% Briggs 13% 13 13% 13 Buad Wheel 8% 8% Eaton 14 V 4 14 Vi HI Storage B 54% 54 Houda 5% 5% Motor Wheel ... ... 9% Sparks W 7% Stewart Warner 11 ,10% Timken Roll ... 30% 30 30% 30 Mining— * Am Metals 10% 10% 10% 10 Am Smelt 30 29% 30 29% Am Zinc 4% Anaconda Cop... 24% 23% 24% 23% Cal & Hecla 6% 6V* Cal & Ariz 3 6'/a 36% 36V* 37 Cerro de Pasaco 16 15% 15% 16% Dome Mines 11% 11% Freeport Texas 28 25% 26 25% Granby Corp 12% 12% Great Nor Ore 18% 18% Howe Sound 18Vi ... Int Nickel 12% 12% 12% 12% Kenecott Coo.. 17% 17% 17% 17% Magma Cop 14 14 Nev Cons 8% 8% Texas Gul Sul... 33% 33% 33% 33% U S Smelt 15'/a Oils— Amerada 18 17% 18 18Vi Atl Refining .... 18% 14% 14% 14% Barnsdall 7% 7% 7% 7Vi Houston 8% BV* 8% 8% Indian Refining 2Vi Ohio OH 9% Mex Sbd 14% 13% 14% 14 Mid Conti 9V* 9% Phillips 7% 7% 7% 7% Pr Oil & Gas 10 Pure Oil 7% 7% Royal Dutch 25% 25’% Shell Un 5% 5 5% 5 Sinclair 9% 9'% 9% 9% Skelly 4% 5 Standard of Cal 35% 35% 35% 35% Standard of N J 37% 36% 37Vs 36% Standard of N Y 17% 17V* 17% 17% Texas Cos 23 V* 22% 23 23% Union Oil 15 14% 15 15 Steels— Am Roll Mills... 20% 20 20 20 Bethlehem 37% 37 37Va 37 Bvers A M 27% 27% 27% 27% Cruc Steel 38% 38% 38% 39% Inland ... ... 40% Ludlum 11% 11 11 Repub I& S ... 12% 12% 12% 13 U S Steel 86Va 84% 86 4% Vanadium 26% 25% 26% 25% Youngst S & W 17% Tobaccos— Am Tob A (new) 114 113 113 114% Am Tob B mew) 11% 116 117% 118% General Cigar 35 Lig & Myers B. 71 % 70% 71 71 Lorillard 18% 17% 18% 18 Phil Moris 49% 49V. 49% 49% Tob Pr A 9% Tob Pr B 3% ... United Cig 4Vi 4% Utilities— Abitibi 4 4 Adams Exp 14 13% 14 13% Am For Pwr.. 26% 25% 26% 26% Am Pwr & LI.. 34 33 33% 34% A T & T 168% 165% 167% 166% Col Gas & E 1... 29 28% 29 29 Com & Sou 7% 7% 7% 8 El Pwr & Li.... 38 36% 38 37% Gen Gas A 4% 4% Inti T & T.... 27V* 26Vi 27 26% Natl Pwr & Li.. 24V* 23% 24% 23% No Amer C 0.... 65% 64% 65% 65 Pac Gas & El.. 45% 45 45% 45% Pub Ser N J.. 77% 76% 77% 77% So Cal Edison... 417* 41% 41% 41%

Produce Markets

Errs (country run)—Loss off delivered In Indianapolis. 12c: henerv duality No. 1. 14c; No. 2. 9c. Poultry (buvlnß prices)—Hens 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; bareback, 12c: Leghorn broilers, 18c: ducks. 9c: old cocks 8(89c: ducks, full feathered, fat whites. 9c: geese. 6c. These prices are for No. 1 top aualitv. auoted by Kingan 6 Cos. Butter (wholesale)—No. 1. 27@28c: No. 2. 25®26c. Butterfat—27c. Cheese (wholesale selling price per pound)—American loaf. 23c: pimento loaf. 25c; Wisconsin firsts, 19c: Longhorns. 18 3 .4 C: New York limberger. 30c. By United Press NEW YORK, Aur. 7.—Potatoes—Market, auiet; Long Islands [email protected] barrel; southern. [email protected] barrel. Sweet potatoes Market, quiet: jersey baskets, $1.65® 1.75; southern baskets, $1.50(31.65; southern barrels, $3(64. Flour—Market, quiet and steady; spring patents. $3.90®4.15. Pork —Market, quiet; mess. $21.75. Lard —Market. easy; middlewest spot. ,074(6.075c. Tallow —Market, easy; special to extra. .03® .03Vic. Dressed poultry—Market, steady to firm; turkeys, 25@50c: chickens, 25®40c; broilers. 23®39c: fowls 12®27c; Long Island ducks. 13(318c. Live poultry—Market. steady, firm; geese, 10(Z12c: ducks. 12 @2lc; fowls. 19®24c; turkeys, 12@25c; roosters, 14(815c: broilers. 21@26c. Cheese —Market, firm; state whole milk, fancy to special. 14(823c: young Americas, fresh, 15’/2®:l6C. By United Press CHICAGO. Aug. 7.—Eggs—Market, firm; receipts. ’,2.499 cases: extra firsts. 20® 21 ‘-c; firsts. 19c; current receipts. 15® 17c; seconds. 12® 13Vic. Butter—Market, firm; receipts. 7,829 tubs; extra. 26>' 2 c; extra firsts. 25®25Vic: firsts, 22‘/2@24c: seconds. 19’,2(i21V / 2C; standards. 26V*c. PoultryMarket. weak; receipts, 2 cars; fowls. 19® 20c; springers. 23@25c; Leghorns, 15c; ducks. 15(118c; geese 14c: turkeys. 15@18c; roosters. 12@13c; broilers. 2 lbs.. 21®23c; broilers, under 2 lbs.. 20®;21c: Leghorn broilers. 18®19c. Cheese—Twins. 14@14V4c; young Americas. 14)2@T4 3 ,'4C. Potatoes—On track. 106: arrivals. 23: shipments. 392; market, steady: Idaho sacked triumphs, $2 ®2.10; Missouri sacked cobblers. $1.25® 1.40; East Shore Virginia barrels, cobblers. $2.65142.80: Idaho russets $2(42.05.

By United Press CLEVELAND. Aug. 7.—Butter—Extras. 30iac: standards. 3014 c: market, firm. Eggs —Extras. 23't-c: firsts. 16'ac: market. Arm. Poultry— Hcavv fowls. 22<n23c; medium. 22c: heavy broilers. 234t26c; broilers. i7® 21c; ducks. 12515 c: old cocks. 12c; geese. 10515 c: market, steady. Potatoes—Virginia No. 1 Cobblers. $2.4052.50: best $2.50 No. 2. very few sales around $2.40 per cvloth top stave barrel. Maryland mostly $2.60in'2.65‘: best $2.65 per cloth top stave barrel. By United Press CINCINNATI. 0.. Aug. 7.—Butter, steady; creamery in tub lots, according to score. 22ft/24c: common score discounted. 2sg3c; packing stock No. 1. 18c: No. 2. 15c; No. 3.10 c: butterfat. 21©23c. Eggs—Steady; eases, included :extra firsts, 20c: firsts. 16c: seconds. 13c: nearbv ungraded, lie. Live poultry—Thin and coarse stock sell only at heavy discount: fowls. 5 lbs. and over. 22c: 4 lbs. and over. 21c: 3 lbs. and over. 18c: Leghorn. 3 lbs. ana over. 17c: roosters. 11c: broilers, colored. 1 lb. and ! over. 23c; I** lbs. and over. 24c; 2 lbs. i and over. 24c: fryers. 3 lbs. and over. 27c: ; partly- feathered. 15fti20c: Leghorn broilers, j 1 lb. and over. 21c: lVa lbs. and over. 22c; ; 2 lbs. and over. 22c: black springers. 20c.

Investment*Trust Shares

(By Gibson & Bernard’/ PRICES ARE TO 12 NOON C. S. T. —Aug. 7 Bid. Ask. Amer Found’s Corp com 3 SH Am & Gen Sec A 12 Am Invv Trust shares 4t' 4H Basic Industry shares 4 s * 5 3 Corporate Trust shares 4' 4*4 Cumulative Trust shares 5 3 4 61* Diversified Trustee shares A.. 14* ... First American Corp , ,6 7 > 7% Fixed Trust Oil shares 3 3 * ... Fixed Trust shares A 7 : s ... Inv Trust NY 6>* 7 Leaders of Industry series A., 6V. Low Priced shares 6V 6 1 * Nation Wide Securities 6 s * 5* National Induustrv shares .... 4 5 s’s N Am Trust shares 4 1 * 4 3 Sel Am shares 4V* 4** Shawmut Bank Inv Trust... l l 2 9 Universal Trust shares 4 ! j 5 Super Coro of Am Tr shares A 3'a 5 7 Fundamental Trust shares A.. 6V Fundamental Trust shares B 6 6V* U 8 ¥>c Li & Pwr A 2814 3014

Std* G & E 1.... 61% 60% 61% 59% United Corp 22 21% 21% 21% Ut Pwr <fc L A.. 21% 21% 21% 21% West Union 108% 106% 108% 107V* Shipping— Am Inti Corn.. 13 12% 13 13 Inti Mer M nfd 7 7% United Fruit 54% 54'% 54% 54% Foods— Am Sue 54 Armour A 1% 1% Beechnut Pkg 51% ... Cal Pkg 22% 23 Can Drv 36% 36 36% 36% Childs Cos 15 Vi ... Coca Cola 145% 145% 145 % 145 Cont Baking A 12% ... Corn Prod 63% 62 63 * 63 Crm Wheat 28 26V* 28 Cudahy Pkg 4040 Cuban Am Sug.. .. ... 4% 4% Gen Foods .... 40% 38% 49V* 48% Grand Union |5% Kroger . . . 30 29% Nat Biscuit 57 56 Vi 57 56'/* Pllisburv 29 28% 82% 29% Purity Bak 26% 25 % 267-. 25% Safeway St 62% 61% 61 % 61% Std Brands 18% 18 18V S 18 Drugs— Coty Inc 7% ... Lambert Cos 65 64% Lehn & Fink 26Vi ... Industrials— , .... Am Radiator,... 127a 12% 12% 12V* Bush Term 20V* 20 20% ... Certainteed 5% ... Gen Asphalt 18% 187* 18% 18% Otis Elev 39 38 38Vi 39Va Indus Chems — _ , , Allied Chem ....108% 106 1087* 107 Com Solv 16% 16V* 16% 16y* Union Carb .... 48% 477a 48V* 48 U S Ind Alco 28 277a Retail Stores— Assoc Dry Gds i°% Gimbel Bros 5 6 Kresge S £ 26% 26V* 26% 26% May D Store ... ... 32 % ont Ward 21 20 20% 20% Penny J C 37Va 36% 37% 36% Schulte Ret St 6 6% Sears Roe ..... 56 55 56 55 V* Woolworth 687. 68 68 % 68’/* Amusements — Coi Graph 7Vi 77s Crosley Radio . 5% Eastman Kod ..13574 133 135% 133% Fox Film A .... 13% 12Va 13 13 Grigsby Gru ... 3Vi 3Va 3% 3Vi Loews Inc 45% 447* 45 4a Param Fa* .... 22% 227a 22% 227i Radio Corp 171* 17 17% 16% R-K-O 13V a 13% 137* 13% Warner Bros ... 7Va 7 7 7Va Miscellaneous — Airway App „ 4% City Ice &Fu .. 32 31Va 31% ... Congoleum 13 12 1 /* 13 13 Am Can 91% 897* 91 897s Cont Can 47 46% 47 46% Curtiss Wr .... 3 z% 3 27a Gillette SR... 207a 20% 207i 20V* Real Silk 6% ... 6% 6% Un Arcft 27 V* 2678 267i 26 V* Int Harv 39% 38% 39% 39%

Dow-Jones Summary

Montgomery Ward July sales $15,320.4/6 against $18,068,623 in 1930: seven months $123,111,841. against $148,853,726. American Telephone and Telegraph Company June operating income $2,813,720. against $2,509,396 in June. 1930; six months $17,442 505. against $17,686,535. Safeway Stores in six months ended June 30 earned $2.61 a common share against $2.15 In the first half of 1930; July sales $17,159,593. against $18,193,527 in July. 1930: seven months $121,748,959. against $128,830,483. New York cables opened In London at 4 85Vi. against 4.85 5-16: Paris checks. 123.90; Amsterdam. 12.04; Italy. 92.85: Berlin 20.50. Class 1 railroads in hte United States in the first six months had a net operating income of $238,550,140, an annual return of 2.15 per cent on property investment, against $377,379,211. or 3.46 per cent return in the first half of 1930) June $50,162,553. or 2.33 per cent return against $09,162,585. or 3.27 per cent in June, 1930. according to bureau of railway statistics. July Steel Ingot activity at 33.97 per cent of capacity lowest since September, 1921, against 37.58 per cent in June and 56. 14 per cent in July, 1930; July output, 1,876,149 tons against 2,075,910 tons in June and 2,922,220 in July 1930; seven months 17,134,668 tons against 26,500,839 tons according to American Iron and Steel Institute. Crown Cork and Seal declared the regular quarterly dividend of 60 cents on the common stock, payable Sept. 18, of record Aug. 31. Radio Corporation six months ended June 30, net profit $2,638,703, after all charges, equal after dividends on preferred stock to less than 1 cent a share on common, against $505,098 or $1.27 a share on the 7 per cent preferred in the first half of 1930; June quarter earnings 91 cents a Class B preferred share, against 2 cents a common share in the previous quarter. Ludwig Bauman & CO. year ended June 30 earned $1.03 a common share against 49 cents a share in year previous. Adams-Millis Corporation July shipments $694,061 against $655,854 in July 1930; seven months $4,209,786. against $4,339,108. Exchange Buffet July sales $405,857 against $479,724 in July. 1930; three months $1,305,681. against $1,541,215 in like period of 1930. Lerner Stores July sales $1,897,645. against $2,050,062 in July. 1930; seven months $14,466,616. against $13,347,325. Daniel Reeves five weeks ended Aug. 1 sales $2,549,824. against $2,698,438 in like 1930 period; seven months $19,277,410 against $20,901,142. Other Livestock By United Press TOLEDO, Aug. 7.—Livestock: Hogs—Receipts, light; market, steady; heavies, $6.25 @7; mediums, $7.40(87.75; yorkers. $7.25® 7.50; pigs, $7.25@)7.50. Cattle—Receipts, 75; market, slow. Calves—Receipts, light; market steady to strong. Sheep—Receipts, light; market, slow. By United Press EAST BUFFALO, N. Y.. Aug. 7—Hogs on sale. 800: generally steady; mostly to shippers, bulk desirable 170-240 lbs., 58.50 (68.60; few 150 lbs.. $8.25; lighter weights downward to $8; 230-260 lbs. 57.50(a8. Cattle—Receipts. 300; cows, unchanged; cutter grades, $1.50(83; grass steers unsold, bidding lower. Calves—Receipts. 430: vealers 50c higher, $lO down. Sheep—Receipts. 700; holdovers. 1.100: fat iambs scarce, steady; lower grades dull, weak; near choice natives. $8.25: mixed offerings and fat bucks. $7: throwouts largely $5; inferior kinds $4 and below. By United Press CLEVELAND. Aug. 7.—Hogs—Receipts. 1,000: holdover. 46; undertone completely reversed; virtually no buyer interest except at sharp reduction, bulk without bid; scattering light hogs bid at $8.35. Cattle — Receipts. 225; fully 400 low grade grass steers on hand; prospect for a liberal holdover scattering loads common kind, $4.75 ®6.25. or 25c or more under Monday; dry feds again absent: calves and bulls about steady. Calves—Receipts. 350: vealers strong to higher and largely SIO.SO@H on better grades: cull downward to SB. Sheep —Receipts. 1,000; asking steady for better grade lambs at about $8(68.50 or above: ulll on lower grade eligible. $4.50®6 in rather catchy trade.

In the Cotton Markets

NEW YORK . High. Low. Close. January 8.39 8.24 8.35 March 8.59 8.44 8.55 May 8.76 8.62 8.72 July 8.88 8.75 8.88 October 8.05 7.91 8.01 December 8.28 8.12 • 8.24 CHICAGO , High. Low. Close. January 8.46 3.39 8.46 March 8.66 8.60 8.66 May 8.82 8.75 8.81 October 8.17 8.02 8.17 December 8.37 8.24 8.38 Marriage Licenses Fred A. Stevens, 24. of 374 Beauty avenue, mechanic, and Marv Belle Leonard 20. of 3229 Sutherland avenue, housekeeper. Floyd I. Tucker. 27 of 810 North Oakland avenue, commercial artist, and Mary Louise Clark. 22. of 43 North Brookville avenue. James Stickens. 27. of 2322 North Illinois street. Apt. 24. insurance salesman, and Juanita Dilworth. 17. of 626 Massachusetts avenue. Raymond G. Oster. 21. of 1724 North New Jersey street, teacher, and Doris E Linn. 20. of 2439 North New Jersey street’ secretary. , Porter L. Arvin. 24. Washington. Ind. toolmaker, and Dorothy Widow:ch. 23. of 2202 East New York street. Earl A. Lowe. 21. of R. R. 13, Box 273. service station attendant, and Kathryn M. King. 18. Indianapolis. George G. Graham. 22 of 4922 West Eleventh street, laborer, and Edvthe C. Carpenter. 22. of 2825 North Dennv street, telephone operator. Jewell M. Havbrook. 19. of 1141 East Market street, beautv parlor operator, and Ira George Abplanalo. 22. of 1637 Broadway. druggist. RAW SUGAR PRICES —Aug. 7 High. Low. Close. January 1.48 1.47 1.48 March 1-50 1.48 1.50 Mav 1 55 1.54 1.55 July 1.62 1.60 1.62 September 1.45 1.43 1.45 December ......X. 1-47 X. 45 1.47

THE INDIANAPOLIS TIMES

PORKERS HOLD TO FIRM TREND AT STOCKYARDS Vealers Advance SI, Cattle Trade Dull; Sheep Move Up. Hogs held steady with a firm trend this morning at the city yards, prices on the bulk, 140 to 280 pounds, ranging from $6.90 to SB. Early top was SB.IO. Receipts were estimated at 4,000; holdovers were 56. Cattle exhibited a dull tone with prices tending lower. Receipts were 400. Vealers moved up sl, selling at $9.50 down. Calf receipts were 600. Good and choice lambs were 25 cents or more higher, the bulk selling at $7 to $8.25. Early top was $8.50. Receipts were 1,500. Chicago hog receipts were 14,000, including 3,000 direct. Holdovers numbered 6,000. Asking was fully steady with Thursday’s average. A few early sales and bids were weak to 10 cents lower; 170-210 pound weights being bid $7.75 to SB, some held higher; good to choice 235pound weights sold at $7.60. Cattle receipts 1,500, and calves 500. The market was steady. Sheep 6,000, strong. —HOGS— July Bulk, Early top Receipts. 88.00® 8.50 *8.40 4,000 J- 8 -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 £ .9o® 8.00 8.10 4.000 7. 6.90® 8.00 8.10 4.000 —Aug. 6 Receipts, 4,000; market, steady. ~ —Light Lights—-(l4o-160) Good and choice $7.50® 775 ~,. _ —Light Weights—-(l6o-180) Good and choice 7.90® 810 (180-200) Good and choice.... 7.90® 8.10 —Medium Weights—-•2oo-220) Medium and good.. 7.80® 7.95 (220-250) Good and choice.... 7.45® 7.75 —Heavy Weights—-(2so-290) Good and choice 6.80® 7.40 (290-350) Medium and g00d... 6.25® 675 _ —Packing Sows—-(27s-500) Medium and g00d... 4.50® 6.00 (100-130) Slaughter pigs 7.25 CATTLE (Slaughter Class) Receipts. 400; market, steady. „ . . —Steers— Good and choice $ B.oo® 9.50 Common and medium 5.50® 8 00 _ . , , , (1.100-1.500) Good syid 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, 600; market, higher. Good and choice . f77 $ 9.00® 9.50 Medium 7.00® 9.00 Cull and common 5.00® 7.00 _ . . —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® 7.30 Common and medium 3.75® 5.25 SHEEP AND LAMBS Receipts, 1,500: market, higher. Good and choice $ 7.00® 8 50 Common and medium 4.00® 7 00 Ewes, medium and choice 2.00® 3.50 Cull and common I.oo® 2.00

Other Livestock By United Press CHICAGO, Aug. 7.—Hogs—Receipts. 14,000; including 4.000 direct; mostly 10®20c lower: few early sales weak to 10c off- 170210 lbs.. $7.75@8: top $8; 220-280 lbs.. $6.60 ®7.75: pigs. $6.25(87; packing sows, $4.50 (85.25; smooth lightweights. $5.50(66; light lights. 140-160 lbs., good and choice. $7.25 (67.85; lightweights. 160-200 lbs., good and choice. $7.65(88: medium -weights. 200-250 lbs., good and choice. $7.25@8: heavyweights. 250-350 lbs., good and choice. $5.60 (87.40; packing sows. 275-500 lbs. medium and good. $4.40@6: slaughter pigs. 100-130 lbs., good and choice. $6.25(87.25. CattleReceipts, 1,500; calves, 500; strictly grain fed sters and yearlings fully steady, but all grassy cattle unevenly lower on very slow catch-as-catch-can market; only a few grain feds here. 1.355-lb. steers topping at $8.80; light heifer yearlings. $8.75. and best steer yearlings $8.65; no strictly choice yearling sters being offered; most grass fat cows, $304; grassy heifers, $3.50®5; slaughter cattle and vealers: Steers. 600900 lbs., good and choice $8.25®9.50; 9001.100 lbs., good and choice. $8.25(89.50; 1,100-1.300 lbs., good and choice. $7.75(8 9,25; 1.300-1.500 lbs., good and choice, [email protected]: 600-1.300 lbs., common and medium. $4.25(87.75; heifers. 550-850 lbs., good and choice $6.50®!9.25; common and medium. $3(87; cows, good and choice. $3.75(66.70; common and medium. [email protected] cutter and cutter cows. s2®3: bulls yearlings excluded, good and choice, beef. [email protected]; cutter to medium, $3®4.35: vealers, milk fed, good and choice. $8.50(810: medium. $6.50(88.50; cull and common, $5 (86.50: stocker and feeder cattle: Steers 500-1.050 lbs. good and choice. $5.50®7common and medium. $3.75(85.50. SheepReceipts. 6,000; fairly active, mostly steady; few choice lambs. 15®25c higher: better grade natives. [email protected] to packersrange labms. $7.50(87.85; strictly choice yearlings/ $6.25; fat ewes. $1.50@3; slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice. $6.75@8; medium. $4.75®} 6.75: all weights, common. $3.50(8*1.75; ewes. 90-150 lbs. medium to choice. $1.75 (63.25; all weights, cull and common. 75c ©52.25; feeding lambs: 50-75 lbs., good and choice. $5(85.50. * , ■ By United Press ..FT. WAYNE. Aug. 7. —One hundred to 140 lbs., $7.25; 140-IGO lbs.. $7.50; 160-180 lbs.. $7.80; 180-200 lbs.. $7.90; 200-210 lbs *7,80: 210-220 lbs.. $7.65; 220-230 lbs.. $7.50 230-240 lbs., $7.40; 240-250 lbs.. $7.30; 250260 los.. $6.15; 260-270 lbs., $7: 270-280 lbs.. $6.80; 280-290 lbs.. $6.60; 290-300 lbs.. $6.45; 300-325 lbs., $6.20: roughs. $4.25; stags $3.35; calves. $9; iambs. $7: hogs, market steady to 20c lower. By United Press i £n NC v P?£' TA ’ rl - Aug. 7.—Hogs— Receipts. 1.650. held over. 820; slow, mostly 15@25c lower; spots off mere on weights above 230 lbs. in a very uneven and catchv trade; beter grade. 170-220 ibs.. $8(88.10; three decks, choice around 190 lbs., $8.15- some 230-250 bis.. $7.15(67.75; 260-280 lbs.. $6 50 (66.90; light lights and packing sows steady; 120-160 lbs. mostly $7.50; few sows $4.50® 5. Cattle—Receipts 500; calves. 400: slow common and medium grades of steers and heifers on catch-as-catch-can basis at $4.50(86.55; better finished kind showing some strength in instances; sprinkling of better grades $7(88: few small lots. $8.50; other classes steady; most beef cows. $3.75 @4.75; low cutters and cutter cows. s2® 3.50; bulls mostly $4.50 down; vealers active. fully steady; good to choice. $7.50@ 8.50; few choice lots upward to $9; lower grades mostly $7.50 down. Sheep—Receipts, 2.600; better grade lambs active, strong and in spots 25c higher at sß®9: mostly $8.50 up; lower grades extremely draggv. about steady; throwouts largely s4® 5; some mixed lots and buck lambs. $5.50(67.50: fat ewes. s2@3; best lightweights, $3.25.

By United Press EAST ST. LOUIS. HI.. Aug. 7.—Hogs— Receipts .6.500; market, steady to 10c lower: lighter weights led the decline; top. 57.85; most 150-230 lbs., [email protected]: 230260 lbs.. 57.25W7.50: 270-300 lbs., $6.5057; 100-140 lbs.. $757.50; sows, largely $4.25@ 5,75. Cattle —Receipts. 1.000: calves, receipts. 500; market, vealers steady; other classes too scarce to make a market: cleanup deals around steady; no native steers available: fat mixed yearlings and heifers, individuals. S7S9: cows. $3.75® 4.25: low cutters. $252.25: top medium bulls. $4: good and choice vealers. $8.50. Sheep—Receipts. 1,000: market, lambs, steady to 75c higher; sheep, steady: bulk lambs to packers. $75 7.25: top to city butchers. $7.50: cut lambs. $656.25: common throwouts. $3.50@4: fat ewes. $3 down: lambs. 90 lbs. down, good and choice. [email protected]: medium. ssft 6.50: all weights common. $3.50-35: ewes. 90-150 lbs., medium to choice. $1.5053: ail weights cull and common. $152. By United Press PITTSBURGH. Aug. 7. —Hogs—Receipts, 500; market, mostly steady; 100-140 lbs.. 57.6558.15: 160-210 lbs., $8.3058.50; 220250 lbs.. [email protected]: 260-320 lbs.. $6.75® 7,35: packing sows, $555.50. Cattle —Receipts. 100; market, little changed: common to medium cows. $354. Calves—Receipts. 100: market, steady to strong; better grade vealers. $7.50*59: top, $9.50. Sheep—Receipts. 750: market, fully steady: good to cho.ce. 60-70 lb. lambs. $758.25; lighter weights down to $6.50. By Times Special LOUISVILLE. Aug. 7.—Cattle 300: all classes steady; at week’s decline bulk medium and good slaughter steers and heifers $5.50©6.50; common downward to $5.30; best cows, $3.5054.25; common. $2.2553; lower grades. $1.2552.25. Calves—Receipts, 400. steady; early top vealers, $7. Hogs— Receipts. 600; 15c lower; 160-225 lbs., $7.65; 220-290 lbs.. $6.90: 290 lbs. up. $5.65; 140160 lbs., $6.90; 140 lbs. down, $6.40; light packing sows, 350 lbs. down, $4.90: heavy sows. 350 lbs. up. $3.90; stags, $3.40 down. Sheep end lambs. 1,000. early sales today better grade lambs, $7©7.50: buck lambs, $6,50: culls, $3.50 down. Thursday’s shipments: Cattle. 124: calves, 124; hogs, none; sheep. 496.

Bright Spots of Business

By United Press Germany reported willing to take 600,000 bales of American cotton on credit arrangement. June exports of industrial machinery, $3,000,000 over May. Department of commerce reports big increase in exports to Russia. Grigsby-Grunow Company receives order for more than $11,000,000 worth of merchandise for delivery before Oct. 1. Interstate Department Stores July sales $1,604,596 against $1,525,424 in July, 1930; seven months, $12,211,596 against $11,496,424 a year ago. New York Water Service Company year ended June 30, gross sl,738,821 against $1,553,063 in preceding year. Central Arizona Power and Light Company year ended June 30, net $1,446,407 against $1,073,671 in preceeding year. Canada Northern Fower Corporation, Ltd., first half, net $1,130,028 against $1,073,671 in like 1930 period.

Indianapolis Stocks

—Aug. 7 Bid. Ask American Cent Life Ins Cos Belt R R & S Yds Cos com 30 35 Belt R R & Yds Cos pfd 65... 50 65 Bobbs-Merrill Cos 20 Central Ind Pwr Cos pfd 75.... 73 78% Circle Theater Cos com 7s 100% 103 Vs Citizens Gas Cos com 10s 24 Citizens Gas Cos pfd 5s 97 101 Commonwealth Loan Cos pfd 7s 97*% 101 Commonwealth Loan Cos 85... 101 Hook Drug com 10% ... Indiana Hotel Cos. Clayoool 110 Ind Hotel Cos pfd 6s 100% ... Indpls Gas com 6s 56Va 60 Indpls Pw & Lt Cos pfd 6%5..105 106% Indpls Pub Wei Ln Assn cm 8s 50 Indpls Wa Cos pfd 5s 100% ... Pub Servos Ind 7s 98 Pub Servos Ind 6s 82 87 Metro Loan Cos 8s 101 No Ind Pub Serv Cos pfd 65..100 103 North Ind Pub Ser Cos nfd 5%s 94 96% No Indiana Pub Cos 7s 110% ... Progress 18 Va ... 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 nfd Bs. .. 93 Backstay Welt Cos com 18 Ind Pipe Line Cos 12 12 V 4 Link Belt com 26 27 Lynch Glass Machine Cos com 16% 18 Noblitt 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).... 23Va ... 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 99 ... Citizens Gas Cos 5s 101 Citizens Street Railroads 55.. 21 Home T & T of Ft. Wayne 65.102% ... Ind Railway & Light Cos 55... 95 Indpls Pow & Li Cos 5s 104 Indpls Gas Cos 5s 102 V* 103 Indpls Street Rvs 4s 11 14 Indpls Trac Terminal Cos 55.. 43% ... Indpls Union Rv 5s 102 Indpls Water Cos 5%s ’54 104 Indpls Wat Cos Ist lien ref 55..101% ... Indpls Water Cos 4%s 99% ... Indpls Water Wks Sec Cos 55... 92% ... Interstate Pub Serv Cos 4%5.. 90 Interstate Pub Ser Cos (B) 6%5.103 Interstate 5s 93 ... No Ind Pub Serv Cos 102% ... Terre H T & L 5s 94 New York Liberty Bonds —Aug. 7 3%S 102.15 Ist 4%s 103.2 4th 4%S 104.24 Treasury 4s 108.4 Treasury 3%s of ’47 102.23 Treasury 3%s of '43 ; 102.24

Cash Grain

—Aug. 7 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41>/ 2 c New York rate, were; Wheat—Strong: No. 1 red, 39(841c; No. 2 red, 38®39c; No. 2 hard, 39@41c. Corn—Strong: ..o, 2 white, 52V2@53>/2c: No. 3 white, 51 Vx@ s2Vfec; No. 2 yellow, 51(852 , /2c; No. 3 yellow. 50@51c; No. 2 mixed, 48®;50c; No. 3 mixed, 47(648c. Oats—Firm: ..o. 2 white, 17@18c; No. 3 white, 16@17c. „Hay — (F - °- b - country points taking 23’/ 2 c or less rates to Cincinnati or Louisville.) Steady: No. 1 timothy, [email protected]; No. 2 timothy, [email protected]. —lnspections Wheat—No. 2 red. 32 cars; No. 3 red, 10 cars; No. 2 hard, 2 cars; No. 3 hard, 3 cars; No. 1 mixed, 1 car; No. 2 mixed. 5 cars. Total, 53 cars. Corn (new(—No. 2 white, 4 cars; No. 3 wnite, 1 car; No. 4 white, 1 car; No. 2 yellow, 10 cars; No. 3 yellow, 4 cars; No. 4 "ellow, 1 car; No. 6 yellow, 1 car: No 4 mixed, 1 car. Total, 23 cars. Oats—No. 2 white, 12 car; No. 3 white 65 cars. Total, 77 cars. By Times Special CHICAGO. Aug. 7.—Carlots: Wheat. 299corn. 24; oats. 92; rye. 8: barley. 8. By United Press CHICAGO. Aug. 7. —Cash grain close: Sfeat— No. 2 red. 48@49’4c; No. 3 red. 46j/2@4BV*c: No. 4 red. 45', 2 c; No. 1 hard, h ? SB?*@soc: No. 3 hard, 48@48%e: No. 4 hard. 47c: No. 1 northern, 49Va@51c; No. 2 northern. 49%@51c: No 3 northern. 49c; No. 2 mixed. 45y 4 (B4BVic: No. 3 mixed. 4414(647c; No. 2 yellow hard 46@47’/4c; No. 3 yellow hard. 44(646 1 / 2 c; No. 4 yellow hard, 44®45’/ 2 c. Corn—No. I mixed. 56%c; No. 2 mixed. 56@56 1 /2C; No. 3 mixed. 55y2c: No. 1 yellow. 57’4<3>53c; No. 2 yellow, 57c; No. 4 yellow, 55V256c; No. 6 yellow. 52c; No. 3 white. 57c: sample grade. 48@50c. Oats—New: No. 2 white 21 *4® 23'/2c; No. 3 white. 19 1 / 2 @21 , / 2 c Oats—(Old). No. 2 white. 24c: No. 3“white' 23c. Rye—None. Bariev—36® 52c. Timothy—s3.so(B4. Clover—slo.so® 17. By United Press TOLEDO. 0.. Aug. 7.—Grain close: On track. 28’/ 2 c rate. Wheat—No. 2 red, 44’A ®4sc: No. 1 red. 1 cent premium. CornNo. 2 yellow. 56 1 /2@57 , /2C: No. 3 yellow 55 1 /2@56 , /2C. Oats—No. 2 white white. 20(6 24c; No. 3 white. 18(622c. Clover—Prime. sl2; October. sl2; December. $12.25. Alsike—Cash. $8.25: August, $8.25; December, $8.50. Butter—Fancy creamery, 29@30c. Eggs—Country run. 18®22c. Hav—Timothy per cwt.. $1.25. By Times Special CHICAGO. Aug. 7.—Primary -ecein*'Wheat, 2.750.000 against 3.437.000: corn 236.000 against 421.000: oats. 59t.uoy against 1.101,000. Shipments—Wheat 2 - 335.000 against 2.665.000: corn. 133 000 against 634,000: oats, 161,000 against 304.000.

James T. Hamill & Company Private Wire* to All Leading Markets. Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bldg. Tel. Riley 5493—Riley 5494

LOANS AT REASONABLE RATES FOB ALL WORTHY PURPOSES The Indianapolis Morris Plan Company Delaware and Ohle Sts. RI ley ISM

“A Good Place to Bank” Marion County State Bank 139 East Market Street

EXPERT TRUSS FITTING AT 129 W. WASH. ST. STORE Abdominal Supports and Shoulder Braces HAAG’S CUT-PRICE DRUGS

ORDER DIDS ON CITY AIRPORT'S 4-CARJBARAGE Works Board Acts to Meet Rating Requirements for Field. Advertising for bids for a four* truck garage at municipal airport was authorized by the works board today in order to insure the A-l-A rating promised the port. The structure will be erected south of the administration building, and architecturally will follow lines similar to those of the administration building. At present, the trucks are housed in the hangars, but must be taken out to retain the high rating. The board also ordered removal of the old floodlight at the field from a shack south of the administration building to the control tower. Plans and a resolution were approved for paving of West Michigan street, between Tibbs avenue and Little Eagle creek. Answering complaints of several persons that a company engaged in painting house numbers on curbstones employed men who painted the numbers and told householders they were ordered to do so by the works board, the board today said it did not order the work done. The board approved of the plan to give employment to about fifty jobless men, but explained that the company had no official order for the work. Collections for the labor are personal matters between residents and the company.

Births Boys Russell and Irene Wendllng, Methodist Hosiptal, Raymond and Clara Vandeman, Methodist hospital. Ernest and Edna Tetlock. Methodist hospital. Homer and Florance Rushton Methodist hosiptal. Elton and Mary Ne-whart, Methodist hospital. Edward and Lola Huey. Methodist hospital. .Ovie and Oris Tucker, Methodist hospital. Irving and Kathryn Palmer. Methodist hospital. Forrest and Ethel Sarver, Coleman hospital. William and Margaret Mayhew, Coleman hospital. Warren and Mildred Todd, Coleman hospital. Arthur and Daisy Weith. 67 North Warman. Fredrick and Bessie Weidman, 39 East McCarty. George and Dolly Tyree. 961 West Washintgon. James and Mattie Jeffries 27 Syracuse Mike and Bertha Karendos. 930 Woodlawn. George and Ethel Biehl,. 2320 South Meridian. Girls hosipta? and 5:11221156111 Ru ben. Methodist Arthur and Nellie Carrington, Methodist hospital. Boyd and Irmadele Rice, Methodist hospital. Ernest and Beatrice Biddle. Methodist hospital. Fred and Helta Hansing, Methodist hosiptal. Grover and Essa Basey, Coleman hospital. Gilbert and Margaret Lanham, Coleman hosiptal. Ernest and Daisy Conger. 904 River Waldo and Darsey Scott, 1656 Gimber. Tnmnas and Louise Colman, 2401 Golumoia. Deaths Clara J. Pitts, 43, 1362 North La Salle torin thyroid. Frances Cecela Bush, 24, 1048 West Thirty-sixth, chronic colitis. Earl Cline, 47, Long hospital, cirrhosis of liver. James Raymond Colbert. 5, city hospital bowel obstruction. ’ Josephine Evans, 44, city hospital, toxic myocarditis. Ten^mlUafsPelfo^" 8 ’ 75 * 2038 N ° rth ceS n h?mo?i°gt S ge. 69 ’ 4120 East Tenth ’ William Austin Knott, 68. 5501 Winthrop, hypostatic pneumonia. carc U inoma RObertS ’ - 65 ' 546 Patt6 on, pital? perH U o f n e i l t^ rger * 33 ’ Mcth ° dlst *° s - BROKER SHOT bT COPS By United Press FRAMINGTON, Mass., Aug. B. Earl t. Lord, 50, Boston real estate broker, died at Framingham Union hospital Friday from wounds suffered in a gun battle with two policemen at the home of his estranged wife here Thursday. When Lord, allegedly intoxicated, forced his way into the home to see his five children, Mrs. Lord summoned police. Lord met Officers Thomas Carpenter and Benjamin Morses at the door. He shot Carpenter in the neck and fired wildly at Morse, who shot the real estate dealer twice in the body, uxird then turned his

IUHU ILEON, The Tailed Sa **\ 11l Whether You M ftwiv—Bv Popular Demand j|a| For Saturday Only-ay ill HI Double Your JMouy M /uncalled Sor X j|| I *lll credit your a down. you get / an( | R ea dy-tO-Wear I J|| | For example, it ■ t $ i 2 .00 credit. I MVy efte I SIO.OO credit tew 0 , ame . No wait- l SUITS | ® I Balance over w hen tailored. I many, but some 11 | I I ing; you i et SUlt 1 ; xtra good bargains Ii D SEW EXXBAUBEBM. ,1 II CBE • „!, r. M. — Saturday. P- ' II -V^TAILORINGCa l| | EON

Chicago Stocks (By Jamea T. Bkmtll ft Cos.) '

—Aug. 7 TOTAL SALES. 82.000 SHARES High. Low. Last. Allied Motor Ir.d 1 Amer Equities 6 5% 6 Assoc Telephone Util.. 24% 24 24% Bendix Aviation 20% 20% 20% Borg Warner 19% 18%% 19% Cent 111 Securities .... 20% Cent Pub Serv Class A.. 10 Cent &So West 16% 16% 16 s . Chicago Yellow Cab .... 18 Cities Service 9% 8% 9% Commonwealth Edison 198% 197% 193% Continental Chicago .. 4% 4% 4% Continental Chicago pfd 34% Corp Securities 14% 14% 14% Corp Securities ctfs .... 46 45 46 Great Lakes Aircraft.. 3% 3% 3% GrigSbv-Grunow 3% 33% Houdaille-Hershev (A).. 17% 16% 17% Houdaille-Hershev (81.. 6 5% 5% Insull Util Invest 27% 26% 27% Insull Util Inv pfd ex-w 71 70 71 Libbv-McNeil 10% Middle West Utilities... 17% 17 17 s . Midland United 19 18% 19 Missouri-Kansas Pipe L 4% 4% 4% Modine 21 National Elevtric Pow A 23 National Repub Inv ... 15% National-Standard 28% No &So Amer Corp.... 5 ... Pines Winterfront 13% 13% 13 s * Public Service N P 204 202 204 Reliance Mfg Cos 10% Seaboard Utilities Sh 3 Southern Union Gas .. 6% 6% 6% Swift &Cos 26 25% 26 Swift International 33% 33% 33% U S Gvpsum Com 36% U S Radio & Tel 31% 29% 31V* Utah Radio 2% ... Utility A: Ind 5% 5% 5% Walgreen Cos com 17% 17 17% Yates Machine 2 ... ... Zenith Radio 2% ... ...

In the Stock Market

(Bv Thomson & McKinnon) NEW YORK, Aug. 7.—Deviating for momentary rallies, the market continued its slow, irregular downward course. Unceasing pressure on the rails, neutralized the good effects of the reported official denial that any change was contemplated in the American Telephone and Telegraph dividend. Weakness in the rail shares, some of which established new lows for the year, notably New York Central, kept sentiment in an uncertain state of mind. Particularly was this the case as the decline in the rails has been prolonged, which suggested liquidation. Approaching the time for various railroad dividend meetings, the talk of dividend reductions apparently is having its effect on investment confidence. This also applies more or less to some of the higher priced industrials. The English financial situation continues tcT give the market some anxiety, to which today's decline in sterling and reports of shipments of gold further contributed. On the other hand, a better feeling in the grain markets was not entirely without influence. In fact, the strength in grains led to seme short covering in stocks. Outside of professional short covering, which results in spasmodic rallies ,the barket, so far as we can appraise, lacks immediate incentive for changing its uncertain trend. NATHAN C. REDDING CLAIMED BY DEATH Funeral Services to Be Held Saturday at Family Residence. Nathan C. Redding, 47, of 540 South Alabama street, died at his home Thursday after a long illness. Mr. Redding lived in Indianapolis all his life. He was a graduate of Emmerich Manual Training high school, and of Butler university. He was a member of Delta Tau Delta fraternity, Ancient Landmarks lodge, F. & A. M., and Tabernacle Presbyterian church. Survivors are his mother, Mrs. Clara Redding, and a brother, Herbert Redding, both of Indianapolis. Funeral services, conducted by the Rev. J. Ambrose Dunkel, pastor of Tabernacle church, will be held Saturday afternoon at 2:30 at the residence. Burial will be at Crown Hill cemetery. RUSSiriTDEFENDED New World Agriculture Not * in Danger, Institute Told. By United Press WILLIAMSTOWN, Mass.. Aug. 8. —Soviet Russia, universally feared as a menace to the agriculture of the western world, is as a matter of fact no menace at all, Professor Jacob Viner of the University of Chicago declared at the Institute of Politics Friday.

/AUG. 8 t 1931*

FUTURES MOVE UP ON FIRMER FOREIGN NEWS Wheat Rallies to Close Up * 2 1-4 to 2 5-8 Cents; All Grains Active. BY HAROLD E. RAINVILLE United Frcs* Staff Corresunndent CHICAGO, Aug. 7.—There was a marked change in sentiment on the Board of Trade today and spirited buying ran prices up more than 2 * cents at one time. The belief that everything bearish that could possibly happen had been already seen and that anythi-g further must be bullish was substantiated in part wtih orders for American wheat from Albania, lessened hedging pressure, frost in Canada, a firming at Liverpool and the changing from the bear to the bull side by a longtime heavy bear operator. Corn l T p Sharply Corn and oats moved up sharply with wheat, but not before December corn had set anew low shortly after the opening. The rise was partly technical in nature with some short covering. At the close wheat was 2 ! i to 2 % cents higher, corn was 1% to 1% cents higher and oats were % to % cent higher. Provisions weakened) with hogs. Liverpool held steady at the early decline and was % to •% cent lower at the close. Winnipeg rallied from i an early dip and was % cent up at | midmorning. Rains in the north- | west are believed to have come too j late to be of material benefit to the j spring wheat crop. Cash prices were 1 to 2 cents higher. Receipts were 288 cars. Corn had a firm tone early. Concentrated holdings of September the cash month, held selling m check in that delivery and gave some firmness to the deferred months. Showers Are Forecast The forecast for showers tonight coupled with fair rains in soma * sections Thursday night brought pressure that sent December to a new low for the season at 40% cents, falling nearly l cent from the early high. September lost some of its gain, but was % cent higher at mid-session with the deferred months Ys cent lower to % cent higher. Cash prices were unchanged. Receipts were 24 cars. Oats reacted with corn but buvina by cash houses held the downturn m check and at mid-morning that market held 1 to % cent above the previous close. The market was . quiet. Canada is reporting the need for warm weather if late sovv n oats are to be harvested. Cash prices were % to % cent higher. Receipts were 101 cars. Chicago Grain Range — Aug. 7 WHEAT— p rev< a ? pen - ,?. I ? h * bp,"- close Go* 6 ’- Seot.. .48 .50% .47% 50% 47% Dec... .51% .54% .51% 53% 5 % Mar... .54% .57 .54% .57 54% | May.. .56% .59 .56% .58% .56% CORN— Sept... .50% .52% .50% .52 .50% Dec 40% .41% .40% .41% *O% Mar 42% .44% .42% .44% .42% May... .44% .46% .44% .45% 44% OATS— Sept... .21% .22% .21% .22% .21% Dec 23% .24 'i .23% .24% .23% Mar 25 V* .25% .25% .25% May.. .27% .27 .26'% .26% .26% RYE— Srpt... .32% .34% .32% .34% .32% Dec 37 .38% .36% .38% .36% Mar... .38% ,40 V. .38% .40% .39% May... .40% .42% .40% .42% .40% LARD— Ausr 7.10 7.15 Sept.. 7.15 7.25 7.10 7.10 7.15 Oct... 7.05 7.15 7.02 7.02 7.05 Dec... 6.40 6.45 6.37 6.40 6.37 BELLIES— Ausr ... ... 7.50 7.50 Sept ... 7.62 7.62

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