Indianapolis Times, Volume 43, Number 79, Indianapolis, Marion County, 11 August 1931 — Page 14

PAGE 14

STOCK SHARES RALLY AFTER EARLY SELLING Upturn in Rails Signal for Advance in Most of List.

Average Stock Prices

Average of thirty industrials for Monday a was 134 28. of! 88. Average of twenty rails was 68 78. off 1 51. Average of forty bonds was 94 04. of? .15. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Aug. 11.—The stock market ran Into a substantial rally this morning that carried prices up 1 to 2 points from early declines of equal scope. Around noon the upward movement was showing signs of slowing up, but prices held well near the highs of the session. Renewed selling came into the list In the early trading as a result of weakness in the railroad shares. This was overcome soon after the Initial dealing had been completed. Rails joined the industrials in their advance and utilities also participated. Steel opened at R 5% and later rallied to 87, where it was up 1% net. Around noon it was holding at 86%, hp %. Westinghouse Electric, American Can, American Telephone and Case rose 1 to more than 2 points from their lows. Central Regains Loss New York Central came back to 71%, up 2 points net from its low of 69. Union Pacific recovered part of an early loss of 2% points and Southern Pacific registered a good gain as did most of the other carrier shares. Oils held steady despite an increase of 61,384 barrels daily in production during the week ended Aug. 8. This vast increase at a time W'hen Oklahoma wells were shutting down was explained by the fact that East Texas operations continued on a large scale and also by a rush to take out oil prior to the compulsory shutdown in Oklahoma. Next week’s report, it is expected, will reflect the reduced output in that state. Industrials Make Gains All the leading industrial shares registered smal gains around noon. Motors and amusements held steady. Copper shares firmed up. Sears, Roebuck rallied nearly a point after its reaction Monday. American Tobacco B was up a point. In the utility division, American Telephone rose to 16714, up 1; Consolidated Gas 91%, up %, and Electric Power and Light 37T4, up <%. Alaska Juneau was active and strong in the gold mining group. General Foods rose nearly a point in its division, while Electric AutoLite was up fractionally in the automobile equipments.

Bank Clearings

INDIANAPOLIS STATEMENT „ —Aug. 11— Sw*.* 8 *2,837.000.00 001,118 6.564,000.00 CHICAGO STATEMENT —Aug. 11— Clearings *58,300,000.00 Balances 3,300,000.00 TREASURY STATEMENT ? nce for Aue - 8....5182.896.789.06 Expenditures 14,995,586.29 Customs rects. month to date 10,574 558 38

Net Changes

By United Press NEW YORK, Aug. 10.—Closing prices on principal issues traded on the New York Stock Exchange today: American Can 91% Ul s/ I1 ° ff ' American Telephone 166% .' '% Atchison 137% 3% Auburn Auto 128% l; Bethlehem Steel 37% * a. Case J I 53% ... % Chrysler 23% ... . Consolidated Gas 91>: si Fox Film A 12% % General Electric 39% % . General Motors 37% % ‘ [ International Telephone ..26% . . ’% Loews Inc 44 i/. Lorillard 18% % Montgomery W'ard 20% % . Nat Biscuit 56% ... % N Y Central 69% ... % North American 65% ... % Paramount 22% ... % Pennsylvania R. R 41% ... % Public Service 77% ... Va Radio 17% Sinclair 9% % ... Standard of California ... 36 Standard of New Jersey... 36% ... % Standard of New York .... 18 % ... Union Carbide 48V 4 United Corp 21% U S Steel 85% ... % Vanadium 25% ... % W'estinghouse Elec 58% ... %

New York Bank Stocks

(Bv Thomson it McKinnon) —Aug. 10— Bid. Ask. America 39% 42 % Bankers 87% 90% Brooklyn Trust 370 385 Centra! Hanover 205 210 Chase National 59% 62% Chatham Phoenix Natl.... 57 60 Chemical 44% 45% Cltv National 74 77 Corn Exchange 91 95 Commercial 223 233 Continental 20% 23% Empire 43% 46% First National 3.370 3.570 Ouarantv 423 428 Irving 30% 32% Manhattan & Cos 59% 62% Manufacturers 41% 43% New York Trust 135 140 Public 44% 47%

New York Curb Market

(By Thomson it McKinnon) —Aug. 11— 11:30. i 11:30. Ass Gas At El A 12% Mt Prod 3% Braz Pwr St Lt 17% Nat Investors .. 5% Can Marc .... 2%: Newmont Mtn.. 25% Cent Sts Elec.. 7 Nia Hud Pwr... 10% Cities Serv .... 9%lPenrond 5% Cord 6% St Rigis Paper.. 11% Elec Bnd Sh... 36%: So Union Gas.. 6% Gen Avia %; Std of Ind .... 23% Ford of Eng... 10%: Un Gas 6 Ford of Fr 7% Un Lt <sr Pwr .. 19% Goldman Sachs s%|Un Verde 9% Fox Thea 3%! Ut Pwr B 7% Midwest U .... 17%( Vacuum Oil ... 45 Mo Kan Pipe.. 4%; United Fndrs... 4% Chicago Stocks Opening (Bv James T. HamiU & Cos.) Aug. 11— Bendix Avia.... 21 Insull pfd .... 70% Borg Warner... 18% Insull 6s ’40... 83 Cent So Wst... 16% Lim McNeil Pro 10% Cord Corp 7 |Mid United com 17% Cont Chi Com. 4%,Nat’l Sec pfd.. 69% Chgo Sec 14% N Am P & L... 68 Grigsbv Grunow 3% Pft Circle .... 35 Gt Lks Arcft... 3% U S Ra it Tel.. 30 Houd Hersh B. 6%:Ut & Indus com 6 Insull com "6%iWalgreen Sirs.. 17%

Fruit Market

By United Press BENTON HARBOR. Mich, Aug. 11.— Apples. A grade, 50®70c; B grade. 40c. Blueberries, northern. 52.25®3 Canteloupe. Honeyrocks. nines, 40 ©6oc; tens. 50© 75c; elevens and twelves. 60c ©*l • Osage and Denver, twelves. *1.25; fourteen*. *1.50 Peaches, bushel. 75c©*l; 12 quarts, 30®40c. Pears, sugar, bushel. 75c®*l. Plums. Jap. *135: 4 basket flat. 60c: 12 quart. 40®50c. Beans. 12 quart. 40(g s°c; fimas pod. 75c*l: ltmas shelled. 34 lbs. *5 Cucumbers, sheers. 50®75e; iL <,ua JJ’ 384 C - Peppers. 12 quart. 25® 40c. Tomatoes. 13 quart. *1©1.55: six fSur ' bask et 8 flats. 3 *°l 25©1*80 S^^

New York Stocks (Br Thomson & McKinnon 1 ——

—AUK. 11— Railroad**— Prev. Hieh. Low. 11:30 close. Atchison 137 135% 137 137% Atl Coast Line 87 Balt Sc 0hi0.... 45 44% 45 44% Chesa it Ohio 33 % 33 \ Chess Com 34% Chi Urt West 5% Chi N Vest 25% 25 CRI&P 33 1 a 34% Del l 4 W 49% 49% Del U Hudson 110 Erie 17 16% 16*. 17% Erie Ist old 29 Great Northern 38 Illinois Central.. 39% 38% 39% 38% Kan City So 28 M K it T 12 Mo Pacific , 19% 19% Mo Pacific Did 55% 57 IN Y central... 70’, 69 70% 69% ! N Y N H <si H 54% 53 34% 56 i Nor Pacific 32% 32 32% ... i Norfolk it West 157% 16 7 157 157% Pennsylvania .. 41% 41% 4i% 41% So Pacific 72% 71% 72% -71% Southern Ry 25% St Paul 4% 4% St Paul Did 7% St L it S P 12% 12% Union Pacific ..137 136 136% 138% Wabash 9 9 W Maryland 11 Equipments— Am Air Brake C .. 27% I Gen Am Tank .. 56 55% 56 55 General Elec .. 39% 39% 39% 38% I Gen Ry Signal 41 40 Pullman ... 29% 29% I Westlngh Elec.. 59% 58% 59% 58% j Fisk % % Goodrich 11% I Goodyear 39 38% 39 39 Kelly Sprgfld 2 Lee Ruober ... ... 3% i U 3 Rubber 13% 13 I Motors — ! Auburn 130 126% 130 128% ! Chrysler 23% 23% 23% 23 i Graham Paige 3 ; General Motors.. 37% 37% 37% 37% Hudson 12% 12% I Hudd 7% 7% ; Mack 28% Nash 25% j Packard 6% 6% I Reo 5% 5*4 Studebaker 16% 17% Yellow Truck 7% 7% Motor Access— Bendix Aviation 21% 20% 20% 21 Borg Warner ... 18% 18% Briggs 13% 13% 13% 13% Budd Wheel 8% ... Eaton 13% 13% 13% 14 Houda 6% 6% 6% 6% Stewart Warner 10% 10% Timken Roll 30 30% Mining— Am Smelt 30 2974 Anaconda Cop.. 23% 23% 23% 23% Cal & Hecla 6% ... Dome Mines 11 1174 Freeport Texas 25% Grany Coro 12 Great Nor Ore.. 18% 13 18 18 Int Nickel 12% Inspiration 6% ... Kennecott Cop 17% * 17% Magma Cop 13% Miami Copper.. .. ... , ... 6% Nev Cons 8% 8% 874 8% Texas Gul Sul 35% Oils— Amerada ... ... 17% Atl Refining ... 15% 14% 15% 14% Barnsdall 7’% Houston 8% ... Ohio Oil 9% Mex Sbd 13% 1374 1374 137 s Mid Conti 8% Phillips 7 Pure Oil , ... 7% 7% Richfield .. ... 174 174 Royal Dutch 2574 Shell Un 5% 5V4 5% 5% Sinclair 10 974 10 974 Stand of Cal 36 36 Stand of N J... 3674 36% 3674 36% Stand of N r... 18 17% 18 18 Texas Cos 23 2274 23 23% Union Oil 15 Soc Vac 18% 18 18% 18% Steels— Am Roll Mills 20 Bethlehem 37% 3674 37% 37% Bvers AM 27 Colo Fuel 13% Ludlum 11% Midland 15 Newton 9% ... Repub I it S.. .. ... 12% 12% U S Steel .... 87 85% 87 85% Vanadium 2574 25 74 2 574 25% Youngst S & W 17 Tobaccos— Am Tob Anew .. ... ... 114 Am Tob B new 12074 119% 120% 11874 Lig & Mvers B 71 71 Lorillard 19V4 1874 19% 18% Phil Morris 11% ... Reynolds Tob.. 50 4974 50 45% Tob Pr A • 10% Tob Pr B 3% 374 United Cig 474 Utilities— Abitibi 3% 3% Adams Exp _ 14% 137a Am For Pwr ... 27 28% 26% 26% Am Pwr & Li 33 3374 AT&T 168 16674 168 166% Col Gas &El 2974 2874 Com & Sou ... 774 774 774 774 El Pwr &Li 37 74 3 674 3774 3774 Gen Gas A 4% 47a Inti T & T ... 2774 26% 2774 2674 Natl Pwr & L.. 24 23% 24 24 No Amer Cos ... 66% 65 74 66 74 65% Pac Gas & El ... ... 45 Pub Ser N J ... 77 74 77 % 7774 77 74 So Cal Edison 41% 4174 Std G & El .... 6074 60% 60% 6074 United Corp ... 22% 2174 2274 2174 Ut Pwr & L A.. 21 74 2174 2174 21% West Union 11074 110 110‘/s 110% Shipping— Am Inti Corp.. . ... 1374 1 3 Inti Mer M pfd .. ... ... 7% United Fruit 55 Armour A 174 Beechnut Pkg 52 Cal Pkg 2074 Can Dry 3674 36% Childs Cos 15 15 Coca Cola 145% 145 145% 14474 Corn Prod 64% 6374 6474 63% Crm Wheat 2874 28% Cudahv Pkg 474 Gen Foods 4974 49 % 49% 49

Produce Markets

Ekks (country run)—Loss off delivered In Indianapolis. 12c: benerv aualitv No. I. 14c: No. 2. 9c. Poultry (buying 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 B@9c: ducks, full feathered, fat whites. 9c: geese. 6c. These prices are lor No. 1 top aualitv. auoted bv Kingan 6 Cos. Butter (wholesale)—No. 1. 27®28e: No. 2. 25®26c. Butterfat—27c. Cheese (wholesale selling price per pound)—American loaf. 23c: pimento loaf. 25c: Wisconsin firsts. 19c: Longhorns. 18%c: New York Ilmberger. 30c. By United Press NEW YORK, Aug. 11.—Potatoes—Market, fairly active; Long Island. $2 per barrel; New Jersey, 75c®$2 per basket. Sweet potatoes—Market, easy; Jersey baskets, [email protected]; southern baskets, 55c @51.55; southern barrels, *[email protected]. Flour —Market, quiet and firmer; spring patents, [email protected] per barrel. Pork— Market, steady; mess. $21.75 per barrel. Lard —Market, easy; middle west spot, .073®.074c per pound. Tallow—Market, easy; special to extra, O’/sftSc per pound. Dressed poultry—Market, steady to firm; turkeys, 25@50c; chickens. 25®40c; broilers, 26@39c; fowls, 12@29c; Long Island Ducks, 13@18c. Live poultry—Market, steady; geese, 10©12c; ducks, 12@21c; fowls, 17(/23c; turkeys, 12@25c; roosters, 12©13c; broilers, 20®31c. Cheese—Market, quiet: state whole milk, fancy to special, 14@23c; Young America, 15%@16c. By United Press CHICAGO. Aug. 11.—Eggs—Market, firm; receipts. 10.864 cases: extra firsts. 22@23c: firsts, 20@21c: current receipts 16®19c: seconds. 12@16c. Butter—Market, firm; receipts. 9,765 tubs; extras. 27%c: extra firsts. 25%@26%c; firsts. 23%@24%c: seconds. 20®22%c: standards. 27c. Poultry— Market, easy: receipts. 4 cars; fowls. 20c; springers. 22@24c; Leghorns. 14c; ducks. 15@19c; geese. 14c: turkeys 15®18e; roosters. 12®13e: broilers. 2 lbs.. 20@23c: broilers, under 2 lbs.. 20@21c; Leghorn broilers. 18©19c. Cheese—Twins. 14%@ 14%c: young Americas. 15©15%c. Potatoes —On track, 130: arrivals. 50: shipments. 310; market, steady; Idaho triumphs, $2.10 ©2.15: russets. $1.75@2: Missouri cobblers. $ 1.15 <7? 1.35; New Jersey. 150-lb. bag cobblers $2.60; Virginia barrels, cobblers. $2.75 ©2.85. By United Press CLEVELAND. Aug. 11.—Butter—Extras. 31%c: standards. 31c; market, steady. Eggs—Extras. 23%c; firsts, 17%c; ordinaries firsts, 14%c; market, steady. Poul-try-Heavy fowls. 22®23c; medium. 22c; I Leghorns. 15@18c: heavy broilers. 23@26c; light broilers. 17@21c; ducks. 12@18c; old cocks. 12® 14c: young geese. 15c; market, steady. Potatoes—Virginia No. 1 Cobblers, cloth top stave barrels. [email protected]; New Jersey Cobblers. 150 lb. sacks. *1.40; Maryland cloth top stave barrels, $2.65®2.75. CINCINNATI. 0.. Aug. 11.—ButterSteady: creamery in tub lots according to score 23©25c; common score discounted 2@3c; packing stock No. 1,20 c: No. 2. 17cNo 2. 12c; butter fat 24®26c. Eggs— Steady: cases included; extra firsts, 21c; firsts. 16c: seconds. 12%c; nearby ungraded. 17c. Live Poultry—Thin and coarse stock sell onlv at heavy discount; fowls 5 lbs. and over. 23c: 4 lbs. and over. 20%c----3 lbs. and over. 18c: Leghorn 3 lbs. and over, 16c; roosters. 11c; broilers colored l-’i. and over 20c: 1% lbs. and over. 22c: 2 ms. and over. 23%c; frvers 3 lbs. and over, 2ic: partlv feathered. 15®20c; Leghorn broilers 1 lb. and over 20c: l ! i lbs. and over. 21c; 2 lbs. and over. 21c; black springers. 20c.

Investment Trust Shares

_ D Gibson & Bernard) PRICES ARE TO 12 NOON C. S. T. —Aug. 11— Amer round’s Corp com "'314 Am <& Gen Sec A to Am Inv Trust Shares 41, ‘'4s* Basic Industry Shares 51* Corporate Trust Shares 4V. 40! Cumulative Trust Shares s’„ 6 s , Diversified Trustee Shares A. 14t' First American Corp . gv ' ’73. Fi.ted Trust Oil Shares .. . ' * 3*. Fixed Trust Shares A ' 73. Inv Trust NY *l* ”7 Leaders of Industry Series A.'. 6'. .. Low Priced Shares 6 is. Nation Wide Securities 5T National Industry Shares .... 4a! 51; N Am Trust Shares 4H 4% Se! Am Shares 4 ii* Shawmut Bank Inv Trust..!!! 714 a Universal Trust Shares .... 4U, 4x4 Super Corp of Am Tr Sh A.. 5H s*! Fundamental Trust Shares A SS5 S Fundamental Trust Shares B 6 S'* C S Elec Llqfu & Pwr 28 Vi 30 Vi

Kror-.ir 30% Nat Biscuit 5674 56% M% 56% Pillabury 28% Purity Bak s% Safeway St 61 59% 61 60 Std Brands 18% 18<4 18% 18% Ward Bkg 3% Drug*— Cotv Inc 7% 774 Lambert Cos .... 6474 64 64 % 64% Lehn & Fink 267a Industrials— Am Radiator 1274 12 Bush Term 21 Gen Asphalt 19% 19 19% 19 Otis Elev 39 Indus Chems— Allied Chem ....110% 108% 110% 108 Com Bclv 16% >6% Union Carb .... 4874 48 48% 48% U S Ind Alco 27% Retails Stores— Assoc Dry Gds 19 V, 19 Kresge S S 26% May D Store 32 Mont W'ard .... 20*4 20% 20% 20% Penny J C ... 38% 3874 Sears Roe 54% 54% Woolworth 68% 68 68% 63% Amusements— Col Graph ... ... 754 Crosley Radio .... ... 5% 5% Eastman Kod ..137 134% 137 134' Fox Film A .... 12% 11% 12% 12% Grigsby Gru 31, Loews Inc ........ ... 45 441, Param Fam .... 23 2274 23 22% 5 Corp .... 18 17% 1774 17% R-K-O 13% 13% Aarner Bros ... 7% 7 Miscellaneous— City Ice & Pu 31 at Congoleum 13 13 Am Can 92% 92% 92% 91% cS?ti ss Ca wr 4#% 461/2 T* T* pin! 2 k Un Aircraft .... 27 8 26% 27 26% Int Harv 33 37% 38 377* REPORT SHOWS GAININWHEAT Corn Estimate Drops Below July Figures. By United Press WASHINGTON, Aug. 11.—The department of agriculture Monday estimated the 1931 American corn crop would be 2,775,301,000 bushels. The estimate was based on condition of the crop of 76.3 per cent of normal on Aug. 1. The report showed an expected production this year of 2,775,301.000 bushels of corn, a reduction of 193,000,000 bushels from the crop estimate based upon the condition of corn a month ago. The 1931 wheat crop was forecast at 893,582,000 bushels, an increase of 24,000,000 bushels over the July 1 forecast. The estimated wheat crop would be 3.5 per cent above the 1930 production and 8.7 per cent above the average production of the five years from 1925 to 1929. A material reduction in spring wheat during July because of extreme drought in the northwest was more than offset by increased yields of winter wheat in the eastern and southwestern states. Other LivesiocK Py United Press EAST ST. LOUIS. Aug. 11.—Hogs Receipts. 10.500; market, slow, mostly 25c lower; little action on heavies: top. $7.75most 160-225 lbs.. [email protected], uneven; 230 ™Vn*. 7 ’ 25 ’ 27 £. lbs.. $6.85; 100-150 lbs.. $7 WJ?- sows. [email protected]. Cattle—Receipts. M??.’ receipts 2,500: market, bulls slow, few steers strong; a few yearling steers, $8.<54;9.25: western steers.' 104/ 15c hi s h fi r ’ Dlain kinds. [email protected]; fat mixed yearlings and heifers strong; top mixed yearlings. $9: bidding lower on native cows, i.o early demand for bulls; vealers J*®? !°Y er £ 8 - 75 -. Sheep—Receipts, 3,000; market steady, improved qualitv considered: lambs to packers. 56.75W7.25- to butchers, $7.50; throwouts. $3.50; fat ewes. $3 down. By United Press CINCINNATI, 0.. Aug. 11 Hoes Re‘Pts. 1.200; heldover. 270. slow R^bom. , considerable irregularity and weakness on butchers above 230 lbs • betosn K it, ade, *i I?/ 220 IDS - mostly. $8.10: 225.8 7 - 2 5®8: 388 llss - downward to *6.59 or below; 120-160 lbs. largely $7.50sows. $4.50@5. Cattle—Receipts. 400; generally steady; common and medium grade steers and heifers, $4.50®6.75; sprinkling better kind. *7@B: bulk beef cows. $3.75© ;-7* : low cutters and cutters. s2® down: vealers. strong to oOc higher: good to choice. sß®9; lower grades. $8 down. Sheep—Receipts, 3.500mostiv steady: spots, weak: quality in general not very desirable: better grade ewe and wether lambs. [email protected]: two decks to shippers. $8.75: few* upward to $9; throwouts draggy at s4@s; sheep, steady; fat ewes, s2@3. Births Bovs Donald and Foy Miller, Coleman hospital. Gerald and Thelma Esarey. Coleman hospital. Daniel and Verna Wynne. Coleman hospital. Walter and Tess Jones, Coleman hospital. Fontaine and Blanche Bass, Coleman hospital. Homer and Eva Blacker, Coleman hospital. William and Ethel Milender, 3830 Spann. Simon, and Cecelia Hurwitz, Methodist hospital. Roy and Nola Collins. Methodist hospital. Anton and Rose Dugan, 771 North Warman. Walter and Velma Scalf, 227 South Dearborn. Herschel and Josephine Adams. 238 North Pine. Ollie and Cora Yates. 333 South State. Jamhes and Mabel Smith, city hospital, boy twins. Edgar and Anna Trice. 414 Darnell. Clarence and Mathilda Long, 2440 Wheeler. William and Velma Smedley, 829 Lord. Thomas and Margaret Ayers. 1604 East Palmer. Fields and Louise Kennedy. 2106 Alfree. Jerald and Bertha Hill. 910 Livingston. Norwin and Hazel Duncan. 206 South Holmes. Girls Clyde and Mary Peirce. Coleman hospital. William and Marjorie Jones, Coleman hospital. Charlesvand Catherine Spurgeon, Coleman hospital. Arthur and Alice Rabensteine, 1006 West Thirty-sixth. Ferdinand and Lula Gruner. 1501 Saulcy. Carl and Helen Davis, 1726 Arrow. Samuel and Flossie Smith. Methodist hospital. Edward and Greta Reller. Methodist hospital. Robert and Elizabeth Pickle, 1256 North Holmes. Edgar and Goldie Rickey. 1455 St. Paul. William and Ajldie Huddleston. 325 North Lansing. Weir and Beatrice Grisson 1214 East Nineteenth. John and Pearl Craig. 1309 South Pershing. Howard and Marie Tvler. 431 Rankin. Thomas and Clara Werden. 409 Haugh Zeno and Bessie Webber. 1502 Astor. David and Irene Bell. 544 West Thirtyeighth. Lester and Gladys Harding. 1120 West Twenty-third. . Twins James and Mabel Smith, city hospital, boys. Deaths Mary Stogden. 74. 815% Cedar, arterlosclerosis. Minnie Christina Dietz. 69. 1314 South Talbott, apoplexy. Bridget Casey. 68. 1340 Marlowe, uremia. Emma B. Beermann. 67. 402 Parkwayacute myocarditis. Margaret Troy Kitch. 24. St. Vincent’s hospital, general sepsis. Francis A. Brosz. 65. Methodist hospital, pulmonary embolism. Walter Harold Flack. 42. Fletcher Sanitarium. hypostatic pneumonia. America A. Bonsack. 92. 2151 College apoplexy. * Larrv Edmund Martin. 2 mo.. 317 East Ohio, spinal bifida. Mary Elizabeth Neville. 71. 2041 Olive chronic myocarditis. Zella A. Wamsley. 56. 371 South Pine chronic myocarditis. 74 ’ 1401 East Vermont. mitral insufficiency. Perlina Scering. 77. 2011 Mabel, mvocarditis. BUILDING GAINS CITED Business Stabilization Discussed at Loan League Convention. PHILADELPHIA, Aug. 11.— Methods of stabilizing business were discussed here today by delegates attending the centennial convention of the United States building and loans league and the third international congress of building societies. Reports showed that building and loan associations, with the exception of two or three places in the United States, made progress during the past year, when many other financial enterprises were hard hit by economic conditions.

THE INDIANAPOLIS TIMES

SELLING BRINGS HOGS DOWN 35 CENTSAT PENS Cattle Strong to Higher; Lambs Display Firm Price Range. Hogs reversed the upward trend evidenced lately and sold off 30 to 35 cents this morning at the Union Stockyards. The bulk, 140 to 300 pounds, went for $6.40 to $7.75; early top recorded at $7.80. Receipts were estimated at 6,000; holdovers were 248. In the cattle market better grade steers and short light heifers were strong to 25 cents up. Others were little changed with a slight weakness apparent in beef cows. Receipts were 1,500. Vealers were 50 cents lower, selling at $9 down. Call receipts were 900. Lambs were active, prices strong to higher. Ewe and wether lambs sold mostly at $8 to $8.50; blocks making the market at $7 to $7.50. Receipts were 2,500. Chicago hog market opened slow this morning with a few early bids around 10 to 20 cents lower than Monday’s average. -Sorted hogs weighing from 180 to 200 pounds were bid $7.75 to $7.80. Receipts were 17,000, including 1,000 direct Holdovers, 6,000. Cattle receipts were 8,000. Calves, 2,500, and steady. Sheep receipts were 16,000, market steady —HOGS— Aux. Bulk. Early top. Receipts. 4. $6.75®) 7.85 $7.85 3 6no 5. 7.00%; 8.00 g Os) 3 000 6. 6.90%) 8.00 810 , 2’B2R 7. 6.90© 8.00 8 10 4 000 8. 6.90© 8.00 8 00 1 000 10. 6.75® 8.10 aTO 3 000 11. 6.40® 7.75 7.80 eioOO —Auk. 11Receipts. 6.000; market. lower. .... .... _ —LiKht Lights—-(l4o-160) Good and choice...s 7.15<S 750 .... —LiKht Weights—nfn'onn an s <IBO-*00) Good and choice... 7.75® 780 —Medium Weights— Medium and good.. 7.55® 7.70 (220-250) Good and choice... 7 20© 750 —Heavy Weights—-(2so-290) Good and choice.... 6.55© 715 (290-3o0) Medium and good.. 6.00® 645 _ „ —Packing Sows— Medium and g00d... 4.25© 5.50 (100-130) Slaughter pigs 6.90® 7.00 CATTLE (Slaughter Class) Receipts. 1,500; market, steady. —Steers— Good and choice $ B.oo© 9 50 Common and medium 5 ooffl 8 00 „ J (1.100-1,500) Good and choice 7.50® 9 25 Medium 5.25® 7.50 —Heifers—-(soo-850) Good and choice 7.25® 9 50 Common and medium 4.50© 7.25 —Cows— Good and choice 4.50® 6.00 Medium 3.25© 4.50 Cull and common 1 75® 3 25 —Bulls (yearling excluied)— Good ana choice beefs 4 00® 4 75 Cutter, common and medium 2.50® 4.00 CALVES AND VEALERS Receipts, 900; market, lower. —Vealers— Good and choice $ 8.50® 9.00 Medium 6.50® 8.50 Cull and common 4.50® 6.50 _ . , —Calves— Good and choice 6.00® 7.50 Common and medium 3.50® 6.00 STOCKERS AND FEEDER STEERS Good and choice 5.25@ 6 50 Common and medium 4.00® 5 25 „ J (800-1.500) ' Good and choice 5.00® 6.50 Common and medium 3.75® 5.00 SHEEP AND LAMBS Receipts, 2,500; market, steady. Good and choice $ 7.00® 8.50 Common and medium 4.00© 7 00 Ewes, medium and choice... 2.00® 3.25 Cull and common I.oo® 2.00 Other Livestock By United Press .CHICAGO. Aug. 11. —Hogs—Receipts, 17,000; including l.ioo direct; fairly active, mostly 10© 15c lower than Monday; heavies and packmg sows steady to 15c off; 170210 lbs.. $7.60©7.85; top. $7.90; 220-270 lbs.. ,P iss - 56-25®/; packing sows, [email protected]; lignt lights. 140-160 lbs., good choice. $7.15®7.75; light weights. 160200 lbs., good and choice. $7.65® 7.90; medium weights. 200-250 lbs., good and choice 57©7.90; heavy weights. 250-350 lbs., good and choice. [email protected]; packing sows, 275500 lbs., medium and good. $4.25©5.90; slaughter pigs. 100-130 lbs., good and choice. s6® 7.15. Cattle —Receipts, 8,000; calves. 2.500; grain fed steers and yearlings fairly active and fully steady; $9.60 paid for 886 lb. yearling steers; best weighty steers early $9.25: mixed offerings up to $9.50; good market on steers of value to sell at $8 upward: grassy kinds and she stock slow, but other classes mostly steady. Slaughter cattle and vealers—Steers. 600-900 lbs., good and choice, 58.50®9.75; 900-1100 lbs., good and choice. $8.25®9.75; 1100-1300 lbs., good and choice, $8©9.50; 1300-1500 lbs., good and choice. [email protected]: 600-1300 lbs., common and medium. $4.25@8; heifers. 550-850 lbs., good and choice. [email protected]: common and medium. s3®7: cows, good and choice. $3.75 @6.75: common and medium, [email protected]; low cutter and cutters. s2@3: bulls, yearlings excluded, good and choice beef, s4@s, cutter to medium. [email protected]; Vealers, milk fed. good and choice. $8®10; medium. $6.50@8: cull and common. $5©6.50. Stocker and feeder cattle—Steers, 500-1050 lbs., good and choice. $5.50@7: common and medium. $3.75®5.50. Sheep—Receipts, 16,000; tetter grade lambs, unevenly higher; unfinished kinds slow, barely steady; early bulk natives ,$7®7.50; choice kinds. $7.75® 8; westerns, unsold; native ewes, $2.50® 3.25. Slaughter sheep and lambs —Lambs. 90 lbs. down, good and choice, [email protected]; medium. ss@7: all weights, common. $3.50 @5; ewes. 90-150 lbs., medium to choice. $1.75®3.50: all weights cull and common, [email protected]: feeding lambs. 50-75 lbs., good and choice. [email protected]. By Times Special LOUISVILLE. Ky., Aug. 11.—Hogs—Receipts, 250; market, steady; 160-220 lbs., $7.65; 220-290 lbs., $6.90; 290 lbs. up, $5.65; 140-160 lbs., $6.90; 140 lbs. down, 56.40; packing sows, [email protected]; stags, $3.40 down. Cattle—Receipts, 200; market, steady; with Monday bulk medium and good slaughter steers and heifers, $5.50 @7; lower grades down to $3.50; bulk better grade cows, $3.50@4; common, $2.25@3; all cutters. $1.25®2.25; bulls, $3 @4; stock steers and heifers. ss@6. Calves —Receipts, 350; market, 50c higher than Monday’s general market; top $8; medium grade vealers, [email protected]: throwouts, $5 down. Sheep and lambs—Receipts, 1,000; market, steady: best lambs. $7©7.50; buck lambs. $6.50; light fat lambs. s4@s; culls, $3.50 down. Monday’s shipments—Cattle, 105; calves, 400; hogs, 136; sheep, 1,069. By United Press TOLEDO. Aug. 11.—Hogs—Receipts. 250; market. 15@25c lower; heavies. $6,256/7; mediums. [email protected]; Yorkers, [email protected]; pigs. [email protected]. Cattle —Receipts, light; market, steady. Calves—Receipts, light; market, steady. Sheep—Receipts, light; market, steady. By United Press CLEVELAND. Aug. 11.—Hogs—Receipts. 800: holdover, 15; unevenly 10c to mostiv 25c lower: some bids 50c off. sorts considereds; top. $8.25 on sorted 160-180-lb. weights; others. $8.15 down; pigs, steady with close or 50c under earlv Monday quotations at $7.50; slow on weight. 250 lbs. up. Cattle—Receipts. 150: cows and bulls, also few steers around $6.25®6.30. steady; most cows. [email protected]: Monday’s steer crop almost cleared. Calves—Receipts. 550; near steady desirable kind: nearly good and mixed lots largely $10®11.50: quality to sell sll upward scarce: lower grade vealers and weighty calf offerings weak. Sheep—Receipts. 700: demand narrow or steady with Monday’s close on all but choice lambs. $8 downward: sharplv lower on lower grade; holdover, sheep still unsold. By United Press PITTSBURGH. Aue 11.—Hogs—Receipts. 300; market, slow. 10® 15c lower: 160-210 lbs, $8.15® 3.40; 220-250 lbs, $7.20©7.85: 250-300 lbs, $6.50®7.10: better grade pacing sows. [email protected]. Cattle —Receipts. 25; market, fully steady; common to medium heifers. [email protected]: better to common cows. s2® 3. Calves—Receipts. 100: market, steady: top vealers. $9.50: bulk. S7®9. Sheep—Receipts. 1.000: market, steady; good to choice. 60-70-lb. lambs. [email protected]; common to medium. [email protected]. By United Press FT. WAYNE. Aug. 11.—One hundred to 140 lbs, $7.10: lbs, $7.35: 160-180 lbs, $7.65: 180-200 lbs, $7.75: 200-210 lbs, $7.65: 210-220 lbs, $7.50: 220-230 lbs . $7.25: 230-240 lbs. $7.15: 240-250 lbs, $7.05; 250260 lbs, $6.90: 260-270 lbs, $6.75: 270-280 lbs, $6.55: 280-290 lbs, $6.35: 290-300 lbs, SS 20: 300-325 lbs, $5.95: roughs. $4.25; stags. $3.25: calves. $9; lambs. $7: hogs, market 15@25c lower.

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

Dow-Jones Summary

Daily average production of crude oil in Unitecf States in week ended Aug. 8 totaled 2.551,807 barrels, an increase of 61.384 barrels according to Oil and Gas Journal. New York cables opened in London at 4.85 13-16; Paris checks. 23.95 i Amsterdam. 12.05; Italy. 92.85: BerUn. 20.50. First National Stores In June quarter earned $1.41 a common share, against *1.33 in June. 1930. auarter. Pet Milk in six- months to June 30 earned 34 cents a common share, against 64 cents in first half of 1930. June Quarter earnings. 49 cents, against net loss of $43,438 in previous auarter and earnings of 50 cents on common stock in June, 1930. auarter. General Bronze Corporation six months to June 30. net profit *21.478. after depreciation. interest and taxes, against net loss of $454,015 in first half of 1930. Department Store sales off three points in July to 92 in May. Value of July sales 8 per cent below year ago. Sally Frocks. Inc., July sales amounted to $269,706. against $299,120 in July. 1930. a decrease of 9 8-10 per cent. Seven months $2,615,945. against *2.753.956, a decrease of 5 per cent. Evans Products Company in six months to June 30. earned 3 cents a share, against 40 cents in first half of 1930. June ouarter earnings were 1 cent against 2 cents in previous quarter and 3 cents in June. 1930. auarter. Crude oil deliveries of eleven pipe.line companies in July amounted to 11. /38.840 barrels, or average of 378.6 1 2 daily, against 11.393.536 barrels daily in June. First seven months 76,149.701 barrels, or 359.197 daily, against 107.430.893 barrels and 506,749 respectively, a year ago. Heavy melting scrap steel in Chicago territory is now Quoted at $8 to $8.50. a decline of 50 cents a ton from previous levels. Nary department awards contract to Boeing Aeroplane Company for fortyfive fighting planes, costing 5527,947. Canadian Pacific gross first week of Augusted amountae to *2.642,000. against $3,513,000 in like 1930 week. Gross for period of Jan. 1 to Aug. 7. was $85,009,000. against $103,930,000. The Reischsbank today reduced its bank rate from 15 per cent to 10 per cent. Chicago Grain Range WHEAT— Prev. Open. High. Low. Close, close. Sept... .50 .51 V 49% .49% .50 Dec... .54% .55 .53% .53% .53% Mar... .56% .57% .55% .55% .56% May... .58% .59% .58 .58 . 58% CORN— Sept... .50% .51% .48% .48% .50;% Dec... .40 .41% .38% .39 .40% Mar... .42% .43 % .41% .41% .42% May... .44% .45% .43% .43% .44% OATS— Sept... .22% .22% .22 .22 .22% Dec... .24% .24% .23% .23% .24% May... .26% .27% .26% .26% .26% RYE— Sept... .34 .35% .33% .33% .34% Dec... .38 .39% ,37% .37% .38% May... .42 .42% .41% .41% .42% LARD — Aug 7.10 7.15 Sept.. 7.12 7.15 7.12 7.15 7.15 Oct 7.00 7.00 Dec... 6.35 6.35 6.32 6.32 6.35 BELLIIES— Aug. 7.50 7.50 Sept 7.45 7.55 By Times Special CHICAGO, Aug. 11.—Carlots: Wheat. 547; corn. 54: oats. 112; rye. 4. and barley, 20. By United Press CHICAGO. Aug. 11.—Cash grain close: Wheat—No. 2 *red 50c; No. 3 red. 49® 49%c; No. 4 red. 47%®47%c; No. 2 hard, 51%c; No. 3 hard. 49%®50c: sample grade hard, 45%c: No. 1 northern. 52@52c%c; No. 1 mixed. 50%c; No. 2 mixed, 48@48%c; No. 3 mixed. 47%c; No. 2 yellow hard. 50c: No. 3 yellow hard. 48®48%c: No. 4 yellow hard. 47®47%c. Corn—No. 1 yellow. 56® 56%c: No. 2 yellow. 56%®57c; No. 3 yellow. 55tic: No. 1 white. 58%c. Oats—No. 2 white. 22%©23>/4C: No. 3 white. 20%® 22%c; No. 4 white 20%c. Rye—No. 2. 39 %c. Barley—36® 52c. Timothy *3® 3.50. Clover—slo.so® 17. By United Press TOLEDO. Aug. 11.—Close: Grain on track. 28%c rate. Wheat—No. 2 red. 44% ®4sc: No. 1 red, lc premium. Corn—No. 2 yellow. 54%®55%c: No. 3 yellow. 53%@ 54%c. Oats—No. 2 white. 21®22c; No. 3 white. 19®20c. Clover—Prime. sl2: October. sl2: December. $12.25. Alsvke Cash. $8.25; August. $8.25: December. $8.50. Butter—Fancy creamery. 30©31c. Eggs— Country run. 18@22c. Hay—Timothy per cwt. $1.25. OFFICERS AWAIT RULING OF SAFETY BOARD Five Policemen Ready to Don Uniforms Once Again. Five Indianapolis police officers whose convictions lor alleged conspiracy to violate the liquor law were reversed by the federal appeals court at Chicago will have to wait another three weeks belore they learn whether they again will don uniforms. Today, the safety board continued until Sept. 1 a hearing to determine whether they will be reinstated. Continuance was brought about due to the vacation absence of Charles R. Meyers, board president. The officers were convicted in the Indianapolis federal court. The convictions were reversed by the higher court with a scathing denunciation of entrapment methods used in the enforcement of the prohibition law. The men are Claude Reidenbach, Ralph Lambert, David J. Curran, Thomas Gray and Martin O’Brien. FIRST BREAK COMES ON CIRCUS’ BATTLE-FRONT Cook Gives up and Asks Agency for Food and Work. By United Press WASHINGTON, Aug. 11.—The first break has occurred in the “Hindenburg line” at the 101 Ranch Wild West show, stranded here for the last week. Employes, in complete possession, have sat tight and refused to budge until they get their back pay, but slim prospects of food Monday prompted the cook to apply to local social service organizations for assistance. The cook, who identified himself as Henry Morgan, emerged from his galley and plodded downtown to an agency, where he asked for food and work. New York Liberty Bonds —Aug. 10— 3%s ’. 102.12 Ist 4%s 103. 4th 4%S 104.24 Treasury 4%s 112.5 Treasury 4s 108.6 Treasury 3%s of '47 102.24 Treasury 3%s of ’43 102.24 RAW SUGAR PRICES —Aug. 10— High. Low. Close. January 146 ... 146 March 1.49 1.47 1.47 May 1.54 1.53 1.53 July 1.60 1.59 1.59 September 3 44 1.41 1.41 December 1.47 1.45 1.45

James T. HamiU & Company Private Wire* to AH Leadlag Market*. Indianapolis MEMBERS Ctriea/ro Stock Exehaara Chicago Board es Trade ladianapnll* Beard of Trad* Associated New York Carb 203 Continental Bank Bldg. Tel. Bfi*7 54**—Riley 54*4

CONDEMHS FOES OF GRAND OLD MAN OFEAGLES President of Order Rises to Defense of Noted National Organizer. By United Press TOLEDO, Aug. 11.—That Conrad H. Mann of Kansas, ‘‘grand old man” of the Eagles and national organizer for the order, had been criticised during the last year for the conduct of his office, was revealed today when Robert M. Proctor, Eagles grand worthy president, devoted more than a page of his annual report to a defense of the organization department and to personal praise of Mann. The nature of the attacks, which Proctor described as “most vicious” and as “mad murmurings,” was not revealed in the report and Proctor declined to discuss the matter. Other Eagles refused comment with the exception of Ed Hirsch, national convention manager. “Oh, nobody seems to know what the trouble is,” Hirsch said. “You know how big men are attacked in office. Anything more than that will have to come from the grand worthy president^ The high spot of Proctor’s defense of Mann, a notable figure at conventions for many years, came when he said that “the glorious efforts of your (Mann’s) efforts blots into nothingness the mad murmurings of those who would assail you and the loyalty of those who understood the nobility of your efforts will be evidenced right here and now by the thunder of applause that this part of my message is bound to arouse.” LAST ACE IS DEALT COP BY SAFETY BOARD Resignation of Officer Is Accepted Promptly by Members. The safety board today had the “ace in the hole” when the last hand was dealt with Patrolman Elza Carter. Carter was suspended by Police Chief Mike Morrissey Aug. 2 after he was alleged to have joined a poker game at the residence of Mrs. Florence Kendricks, 810 Economy street, while he was off duty. When his resignation from the force was presented the board today, it was accepted immediately. It also was alleged tha}, Carter had been drinking whisky during the poker game, and before the game’s conclusion, Mrs. Kendricks took from him his revolver that he was twirling In wild west fashion. Misconduct charges against Patrolman Ned Hoagland were taken under advisement today by the safety board. Complaints that he had been drinking in a poolroom were false, Major Herbert Fletcher told the board.

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In the Air Weather conditions at 9 a. m.: North wind, 7 miles an hour; temperature, 68; barometric pressure, 29.96 at sea level: ceiling unlimited; visibility, 12 miles; field good. Lights to Be Tested By Cni/co Press WASHINGTON, Aug. 11.—An aerial game of “hide and seek” with fast airplanes and highly mobile searchlights as the players will be witnessed by a board of high army officers at Ft. Humphreys, Va., during the first half of August and the whole of September. Augmenting previously announced plans, the war department said today that eighteen planes had been ordered to report at Ft. Humphreys and give the powerful searchlights something to “shoot.” Ever since the war the army has been working on new and improved type-of mobile searchlights. This month their errors will be observed and their accomplishments noted. U. S. Ships in Pageant By United Press WASHINGTON. Aug. 11.—The United States, at the invitation of the Canadian government, will be represented by a pursuit squadron from Selfridge Field, Mich., at the third annual Canadian air pageant at Montreal, Aug. 15-16, the war department announced. Plans Long Flight By United Press MILWAUKEE. Aug. 11.—Professor Hans Hooke, German aviation scientist, hopes to make a nonstop airplane flight from England to Milwaukee, demonstrating a “foolproof” stabilizer, his friends here said today. Ernest Brietenbach, travel bureau official, who met Professor Hocke when the latter visited Milwaukee recently, said he understood the flight would be undertaken shortly after Aug. 14. Dr. Rudolph B. Hoermann, Milwaukee physician, a close friend of the professor, said the venture would not be started until the stabilizer is perfected.

Local Wagon Wheat

City grsin elevators are paying 36c for No. 2 red wheat ad 35c for No. 2 hard wheat. EXHIBITS ARE VIEWED Shoppers Scan Exposition Being Presented at Pettis Store. Hundreds of Indianapolis shoppers today viewed demonstrations and exhibits presented at the Pettis Dry Goods Company in the initial Manufacturers’ Exposition, showing fall merchandise. Window displays and special demonstrations on each floor of the store are included. The exposition will continue throughout the week. Factories and mills are demonstrating construction of furniture, correct ways to use household devices, along with cooking demonstrations and special showings of wearing apparel. NEW YORK COFFEE RANGE —Aug. 10— High. Low. Close. January 5.28 5.21 5.21 March 5.42 5.30 5.30 May 5.50 5.41 5.41 July 5.28 5.47 5.47 September 5.01 4.92 4.92 December 5.26 5.16 5.16

44 YEARS SERVICE Founded August 11, 1887, this association KaS paid regular semi-annual dividends to its % members, and has been a material factor in the progress of Indianapolis, "The Gty of Homes." We are always ready to advise with association members concerning investment of funds or purchase and improvement of homes. Service has been the corner stone of this institution, which has developed with the progress of Indianapolis throughout the past forty-four years.

-AUG. 11,1931

CORN FUTURES DROP SHARPLY AT DATS END All Deliveries Sell at New Lows for Year; Wheat Sinks. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, Aug. 11.—Heavy pressure on corn developed during the late trading on the Board of Trade today and all deliveries were selling at new lows for the year with December the lowest since December, 1900. September was dotfn to 48 r 4 cents, anew low on the crop, near the close. The market had been decidedly unsettled and easily influenced, fluctuating rapidly. Wheat was erratic and Influenced by the action in corn, easing at the last on the break in corn. The southwest and longs sold toward the last. Close Is Lower Oats were unsettled with com, but held near the previous close most of the session, closing lower on the general selling. At the close wheat was down H to % cent, corn was % to 2 cents lower and oats were % to % cent off. Provisions were about steady. Liverpool did not hold the best prices, but closed l!i to 1% higher. Liverpool reported more confidence with millers good buyers. New York messaged that the Orient is expected to take 20,000,000 bushels more Pacific coast wheat before the end of the season. Cash prices were M to 2 cents higher. Receipts were 288 cars. Corn Lacks Buyers Corn started fractionally lower on the more favorable weather over the belt, which offset the bullish aspects of the government report. Outside buying on the report was absent and this was depressing to the trade. At mid-session prices were unchanged to % cent lower. Receipts were the smallest in a long time. Cash prices were % to 1 cent higher. Receipts were 11 cars. Oats had practically no change during the morning, easing slightly with corn at the start, but standing unchanged to V 8 cent higher at midmorning. There was very little buying following the bullish government report. Trade was dull. Cash prices were % to % cent higher. Receipts were 74 cars. Building Permits thfrAoT- addU!on ’ 734 ' 36 East Flft7 * < ;s ßr JfS. Garin?er - earage. 322 West Thlr~ tieth. sooo. E- g O F. Hughey dwelling. 1501 UdelL Nick Roberson, garage. 525 North Belle Vieu. S2OO. Edward McClintock. excavation and enclosed porch. 410 East lowa. $275 Mary Jacobs, reroof. 235-37 East Wyoming. $2lO. John Roman, garage. 2418 West Sixteenth. S3OO. Ferer Banks, repair garage. 1106 West Thirty-first street. $250. Romer Lighting Fixtures, signs 106 South Meridian. S2OO.