Indianapolis Times, Volume 43, Number 81, Indianapolis, Marion County, 13 August 1931 — Page 14

PAGE 14

SELLING SENDS PORKER PRICES DOWNjHARPLY Loss Ranges From 25 to 35 Cents in Early Dealings. Swine received a sharp setback this morning at the city yards, prices declining 25 to 35 cents on most classes. The bulk, 140 to 300 pounds, sold for $6.15 to $7.40; early top holding at $7.40. Receipts were estimated at 3,000; holdovers were 1,103. In the cattle market slaughter classes were little changed. Better grades still exhibited a strong tone with others steady. Receipts were 700. Vealers held unchanged at $9 down. Calf receipts were 500. Lambs were up 25 cents or more with bulk selling at $8 to $8.75. Top price recorded today was $9. Receipts were 2,500. Chicago hog market showed evidence of a lower trend this morning, with early bids on strictly choice hogs around 10 cents to 15 cents down. Light and medium weights were scarce, with asking fully steady. Hogs weighing from 180 to 210 pounds were bid $7.35 to $7.45, while best kinds held up $7.60. Receipts were 22,000, including 4,000 direct. Holdovers, 7,000. Cattle recepts 6,000. Calves 2,000 and strong. Sheep receipts were 14,000; market 25 cents higher. —HOGS— Aug. Bulk Earlv top. Receipts. 6. $6.90® 8.00 SB.IO 4,000 7 6.80® 8.00 8.10 4,000 8 6.90® 8.00 8.00 1.000 10. 6.75© 8.10 8.10 3,000 11 6.40® 7.75 7.80 6.000 13. 6.40® 7.75 7.75 3.000 13. 6 15(cD 7.40 7.40 3.000 —Aue. 13— Receipts, 3,000; market, lower. —Light Lights—--1140*160) Good and choice...! 6.90® 7.15 —Light Weights—-(l6o-180) Good and choice... 7.40 <IBO-200) Good and choice... 7.40 —Medium Weights—-(2oo-220) Medium and g00d... 7.20® 7.30 <220-250) Good and choice.... 6.95® 7.10 —Heavy Weights—-(2so-290) Good and choice.., 6.30® 6.85 (290-350) Medium and good.. 5.90® 6.15 —Packing Sows—-(27s-500) Medium and good.. 4.00® 5.25 (100-1301 Slaughter pigs 6.75 CATTLF- (Slaughter Class) Receipts. 700; market, steady. —Steers— Good and choice $ B.oo® 9.50 Common and medium 5.00® 8.00 (1.100-1.500) Oood 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 excluded)— Good and choice beefs 4.00® 4.75 Cutter, common and medium 2.50® 4.00 CALVES AND VEALERS Receipts. 500; market, steady. —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 (800-1.500) Good and choice 5.00® 6.50 Common and medium 3.75® 5.00 SHEEP AND LAMBS Receipts. 2.500; market, higher. Good and choice $ B.oo® 9.00 Common and medium 4.50® 8.00 Ewes, medium and choice... 2.00® 3.25 Cull and common I.oo® 2.00

Other Livestock By United Press CHICAGO, Auj?. 13.—Hors—Receipts, 22,C00. Including 4,000 direct; slow, mostly 10 (te 20c lower on down; others weak to lac lower; bulk 170210 lbs., $7.25<fi”.40; top. $7.40; 220-310 lbs.. $6,100)7.25: pigs $606.75; packing sows. $4.150>5.65; light lights, 140-160 lbs., good and choice. $6.75®>7.25; lightweights. 160-200 lbs., good and choice. $7.15C<i7.40; medium weights, 200-250 lbs., good and choice. $6.7507.40; heavyweights. 250-350 lbs., good and choice. $5.5006.90; packing sows. 275-500 lbs., medium and good. s4o' 5.65; slaughter pigs 100-130 lbs., good and choice. $6ff16.75. Cattle—Receipts. 6.000; calves. 2.000; led steers and yearlings strong to 25c higher: active at advance; top on yearlings. $10; best weight steers. $9.65; 1,600-lb. averages bringing $9.10; very active market, on all steers and yearlings selling at $7.50 upward, but slow on plain quality grassers; she-stock strong to 25c higher; slaughter cattle and vealers: Steers. 600-900 lbs., good and choice. $8,750:10; 900-1,100 lbs., good and choice, $8.50010; 1.100-1.300 lbs. good and choice. $8.25 09.75; 1.300-1,500 lbs., good and choice. $8.2509.25: 600-1.300 lbs., common and medium. $4.25(3)8.50; heifers. 550-850 lbs., good and choice. $7.25(39.75; common and medium. $3.25<37.25; cows, good and choice. $4(36.75; common and medium. $3 <34; low cutter and cutter cows. $2.15(3 3.25; bulls yearlings excluded, good and choice beef. $4(35.20; cutter to medium. $2.75(34.25; vealers. milk fed. good and choice. $8<310; medium. $6.50(38; cull and common. $5(36.50; stocker and feeder cattle: Steers. 500-1.050 lbs., good and choice. $5.50(37: common and medium. $3.75@ 5.50. Sheep—Receipts. 14,000; uneven, native lambs 25<3 50c higher than early Wednesday: westerns unsold: ewes in liberal supply tending sharplv lower; better grad? native lambs. $7.50(38.25 to packers; outsiders. $8.25(38.75; good range feeders $5.25: slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice. $7.50(38.75; medium. $5.50(37.50: all weights, common. $4:35.50: ewes. 90-150 lbs., medium to choice. $1.75<3 3.50: all weights, cull and common. $1(32 25; feeding lambs. 50-75 lbs., good and choice. $5.25(35.75. By United Press EAST ST. LOUIS. Aug. 13.—Hogs—Receipts. 7.000: market, slow, uneven, mostly 10@15c higher; top, $7.50; most 150-220 lbs.. $7.20 3 %7.40: 230-290 lbs.. $6,500 7.10. ’OO-150 lbs.. $6.75(37.25; sows. $405.25. Cattle —Receipts. 2.000: calves, receipts. 1,000; market, trade, active in all departments: scarcely enough steers on sales to make a market: strong to 25c higher; fat mixed yearlings and heifers, bulls and vealers. steady: cows. 15325 c highernative steers. $8.40(38.90: heavies at the top: western steers, $6(36.75: good and choice vealers. $9. Sheep—Receipts. 2.000: market, no early soles or bids; asking higher; holding better lambs above $7.50. By United Press FT. WAYNE. Aug. 13.—Hogs—100-140 lbs.. $6.75: 140-160 lbs.. $7: 160-180 lbs. $7.20: IRO-200 lbs.. $7.30: 200-210 lbs.. $7 20: 210-220 lbs.. $7.05: 220-230 lbs.. $6.05: 230-240 lbs.. $6.85: 240-250 lbs.. $6.75: 250260 lbs.. $6.60: 260-270 lbs.. $6.45: 270280 lbs.. $6.25: 280-290 lbs.. $6.05; 290-300 lbs. $5 90: 300-325 lbs.. $5.65: roughs. $4: stags. $3: calves. $9: lambs, $7.25. By United Press TOLEDO. Aug. 13.—Hogs—Receipts, 300; market. lower- he-wies, $6(36.75; mediums. *?0 7.25; Yorkers $707.15; pigs. $707-25. Cattle —Receipts, light: market, slow. Calves—Receipts, likhs: market, steady. Sheep—Receipts, light: market, slow. By United Press EAST BUFFALO, Aug. IS.—Hogs on sale. 1.900, general trade draggv. 15 0 20c below ■Wednesday’s extreme decline, early sales desirable 160-210 lbs.. $7.75 0 7.85; weights. 150 lbs. and down, quoted $7.25(37.50. Cattle —Receipts. 200; dry fed steers strong at $8 85; cows. slow, steady, cutter grades. $1 50(32.75. Calves—Receipts. 100: v-alers. unchanged: good to choice. $9.50 (310 Sheep—Receipts. 1.500; lambs rather slow, weak to 25c lower, better grades about steady: good to choice native ewe and wether lamb*. $8.5008 75; medium kinds and bucks, $7.25; throw-outs, ss® 5.25; sheep, dull. By United Press PITTSBURGH. Aug. 13 —Hogs—Receipts, POO; mßtket. slow. 25335 c lower: 160-210 lbs *7.6507.90- 220-250 lbs., $6.75 0 7.50; 260-300 lbs.. $6if6.50; 140-160 lbs., *7.150 765 100-140 lbs.. $6.65(37.10; packing sows. $4 50®5. Cattle—Receipts. 10; market nominally steady. Calves—Receipts. 100' market, firm: good and choice vealers. largely *809.50; medium grades down to $5. Sheep— Receipts VOOO- < steady to 35c higher: good and choice. 60-72 lb. weights. SJaB ou; ligui wtig u u>. $4.75® 6.75. By United Press CLEVELAND. Aug. 13.—Hogs—Receipts. 900; holdover. 246; best early clearance since Monday: steady to 25c lower; nigs and sows showing full decline; most desirable weights 10c oft; 160-210 lbs.. $7.65 to mostly $7.75: 230-250 lbs. $7.15 to $7.25; 260-300 lbs. sorts $6 to $6.15 or above: pigs. $7: rough sows. ,44.50; stags. *3.75. Cattle— Receipts, 200; slow fully steady; common to medium steers of $5 to *7 25 value predominating; cows $2 to *4.50; best outlet on lower grades. Calves—Receipts. 300: steady; rather active on *lO to *11: good and choice kind but not particularly snappy on offering around $7.50 and SB. unless light medium $9 to £SO. Sheep—Receipts, 1.300; lamba steady elity considered: nothing strictly choice sred: bulk. $8 downward; sheep draggy weak to lowu and outlet narrow.

New York Stocks -—— (By Thomson 4k McKinnon)

—Aug. 13— _ Prev. Railroads— High. Low. 11:30. close. Atchison 1?] * Balt & 0hi0.... 45Vj 45 45 46% Chcsa & 0hi0... 35Vs 35 35 35 V* Chesa Coro 35 35% Chi Grt West 5% ® Chi N West 2 §% C R I & P 36 Del L & W 51% Erie 19 Erie Ist pfd 26 Oreat Northern. 37 J 67 37 $7% Illinois Central 40'/* Kan City So 26 i M K Sc T 12 ! Mo Pacific 19 19% iMo Pacific pfd 55 Vi 56 IN Y Central .... 70% 63% 70% 71% I Nickel Plate 25% ... NY NH & H 55 i Norfolk & West 166 O&W 12% I Pennsylvania ... 41% 41% 41% 41% !So Pacific 73% 72% 72% 73V. i Southern Ry 27% St Paul pfd. 7% St L & S F 15% Union Pacific 141% Wabash 9% W Maryland 12% Equipments— Am Air Brakes S 27% ... Gen Am Tank 57 57 General Elec 40% 39% 40% 40 Gen Rv Signal 43 Pullman 30 30 Westlngh Alrb 25% 25% Wcstlngh Elec .. 62% 60% 61% 60% Rubbers— ~ Fisk Goodrich 12% Goodyear 40% Kcl)v Sprgfld 2% 2% U S Rubber 13% Auburn 136 133% 136 131% Chrysler 23% 23% 23% 23V* Graham Paige.. 2% 2% 2% 2% General Motors.. 37% 37% 37% 37% Hudson 13 m :: ::: 4“ ?:::::::::: ::: m & Packard Studebaker 16% 16% 16% ... Yellow Truck 7% 8 Bendix Aviation. 20% 20% 20% 21 Borg Warner 19 19% Briggs 13% Budd Wheel 8% Campbell 13% Eaton 13% Stewart Waner IJV Timken Roll 31 Am Metals 10% 10% 10% ... Am Smelt ... • •• -I% Anaconda Cop.. 24% 24% 24% 247s Cal & Hecla 6% ... Cerro de Pasco 15% ... Dome Mines 11% Freeport Texas 26% Howe sound 18% ... Int Nickel 13% 13 13% 13% Inspiration 6% ••• Kennecott Cop 17% Magma Cop ._ 13% Nev Cons • • 8% Texas Gul Sul 34% 34 Vs Oils— Atl Refining 15% 15% 15% 15 Barnsdall 7% 7% 7% 7% Houston 8% Indian Refining 2% 2% Ohio Oil 9 * 9% Mex Sbd 14% 14% 14% 13% Mid Conti , .... ?% 9 Phillips 7% 7’/a 7% 7% Pr Oil & Gas 10% ... Pure Oil 7% 7% 7% 7% Richfield • 1% Royal Dutch 25% 25% Shell Un 5% 5 % Sinclair 10% 10% 10% 10 Skellv •• ••• ••• 5 Standard of Cal 37% 37% 37% 37 Standard ot NJ 38 37% 38 37% Standard of N Y 18% 18% 18% 18 * Soc Vac 18% 18% 18% 18Vs Texas Cos 23% 23% 23V* 23V. Union Oil 15% 15% Steels — Am Roll Mills 21% 21 Bethlehem 38% 38% 38 % 38% Bvers AM ... 28% 28 Vo Colo Fuel 13% ... Cruc Steel ........ ... ... 39% Inland 42 Ludlum 11% Midland 15 V* Repub I& S ... i3% 13% 13% 13Vs U S Steel 88'% 87% 88 87% Vanadium 27% 26% 27% 27 Tobaccos— Am To (Anew). .. ... 117% 118% Am To B new) 120% 120% General Cigar :. 36% 36% Llg & Myers 8.. 71% 71% 71% 72 Lorlllard 18% 19 Reynolds Tob .. 50 50% 50V* 50 3 'a United Cig 4% 4% Utilities— Abitlbl 4 4 Adams Exp 14 14% Am For Pwr.... 27% 27% 27% 27% Am Pwr & Li 35 % A T & T 171% 170% 171% 170% Col Gas &El 29% 29% 29% 29% Com & Sou 8 7% 8 7% El Pwr &Li 38Vi 37% 38% 39% Gen Gas (A).... 1. ... 4% 4% Inti T & T.... 28% 27Vs 28V 27% Natl Pwr & LI 24% 24% No Amer Cos 66% 66% 66V/ a 68% Pac Gas & El 45% 46% Pub Serv N J 78% So Cal Edison.. 42% 42% 42% 42% Std O & El 62 Va United Corp 22% 22% 22% 22% Ut Pwr & L A.. 22% 21% 22Va 22 West Union 112 Shipping— Am Inti Corp.. 13% 13% 13% 13% Inti Mer M pfd 6% 7 United Fruit 55 55V4 Foods — .... Am Sug , 55% ... Armour A 31% Iva ... Can Dry 37% 37% 37% 37% Childs Cos 15% 15% Coca Cola ... ... 144 /a Cont Baking A.. .. ... ... 13% Corn Prod .. ... 66 65 Cudahy Pkg 40 Gen Foods 49% 49% Grand Union 16

Produce Markets

Eggs (country run)—Loss off delivered in Indianapolis. 12c: henerv oualitv No. 1. 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 ud 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. auoted bv Kuiean 6 Cos. Butter (wholesale)—No. I. 270280: No. 2. 25026 c. Butterfat—2Bc. Cheese (wholesale selling price per pound)—American loaf. 23c: pimento loaf. 25c: Wisconsin firsts. 19c: Longhorns. 18 3 Ac: New York hmberger. 30c. By United Press CLEVELAND. Aug. 13.—Butter—Extras, 32'ic; standards, 32c: market, firm. Eggs —Extras. 23'Ac: firsts. 17%c; ordinaries, firsts. 1414 c; market, steady. Poultry— Heavy fowls. 220123 c; medium. 22c; Leghorn, 15(3) 18c; heavy broilers, 23 026 c; light broilers. 17021 c; ducks. 12018 c; old cocks. 12(314c; young geese, 15c; market, w-eak. Potatoes—Virginia No. 1. Cobblers, cloth top stave barrels, $2.75: new Jersey Cobblers. $2.50 per 150-lb. sack; Maryland. $2.75 per cloth top. By United Press CHICAGO. Aug. 13.—Eggs—Market, unsettled; receipts. 10,887 carses: extra firsts, 22(3 23c; firsts. 200 21c: current receipts. 16019 c; seconds, 12016 c. Butter—Market firm: receipts. 7.452 tubs; extras. 28',he; extra firsts, 26Va<3 27 l ic; firsts. 240251ic: seconds. 22 023 c; standards. 28c. Poultry —Market, easy; receipts. 1 car: fowls. I7'bo2Oc; springers. 22026 c; Leghorns. 14c; ducks, 150)17c; geese. 14c; turkevs. 15(3'18c; roosters. 12013 c; broilers. 2 lbs.. 200 24c; broilers, under 2 lbs.. 20021 c; Leghorn broilers. 18019 c. Cheese—Twins. 14%0'1414c; Young Americas. 15015i;>c. Potatoes—On track. 135: arrivals, 72: shipments. 479: market, steady: Missouri Cobblers. $1.2001.40; Idaho Triumphs. S2O 2.15: Oklahoma and Louisiana Triumphs. $1.70(U.1.75. By United Press NEW YORK. Aug. 13 —Potatoes—Market, firm; Long Island. $2.25 barrels: New Jersey. 60cIf$2 per sack; Southern barren. $3(33.50: Southern baskets. 40c@$l.Mi. Flour—Market, dull and easv; spring patents. $4.20(3-4.50 barrel. Pork—Market, auiet: mess. $21.75 barrel. Lard—Market, steady; middle west spot. .0730.074 c lb. Tallow—Market, weak; special to extra. 2 ;, 4 03c lb. Dressed poultry—Market, steadv to firm: turkevs. 25050 c: chickens. 25(3;40c: broilers. 36041 c; fowls. 12 027 c; Long Islands ducks. Live Poultry— Market, steady tt firm; geese. -o(S'l2e: ducks. 12(325c; Long Islands. 18024 c: turkevs. 12025 c: roosters. 12@13c: broilers. 20031 c. Cheese —Market, quiet; state whole milk fancy to specials. 14*40230; young America fresh. 15V4®16c. By United Press CINCINNATL 0.. Aug. 13—Butter, steady; creamery In tub lots, according to score. 23025 c: common score discounted. 2 03: packing stock No. 1. 20c; No. 2. 17c; No. 3.12 c: butterfat. 24026 c. Eggs— Steady: cases Included; extra firsts. 21>Ac: firsts. 16c: seconds. 13*40: nearby ungraded. 17c. Live poultry-—Thin and coarse stock sell only at heavy discount: fowls. 5 lbs. and over. 2114 c: 4 lbs. and over. 20'4c: 3 lbs. and over. 18c: Leghorn. 3 lbs. and over. 15c: roosters. 11c: broilers colored. 1 lb. and over. 20c: I*4 lbs. and over. 22c: 2 lbs. and over. 23c: fryers. 3 lbs. and over. 26c: partly feathered. 150 20c: Leghorn broilers. 1 lb. and over. 20c: I*4 lbs. and over. 21c: 2 lbs. and over. 21c: black springers. 20c.

Investment Trust Shares

(Bv Gibson & Bernard.) PRICES ARE TO IS NOON C. S. T. —Aur. 13— Bid. Ask. Amer Found’s Corp com ** ' Am & Gen Sec “A" 12 Am Inv Trust Shares 4 1 * 4 5 Basic Industry Shares 4 l i s* Corporate Trust Shares 4-\ 4’* Cumulative Trust Shares 6 6 1 * Diversified Trustee Shares.. A 14’ ... First American Corp 6 3 , 7*j Fixed Trust Oil Shares 3 3 ... Fixed Trust Shares ,- A” 13 Inv Trust NY 6 3 * 71% Readers of Industry. Series A. Ci ... Low Priced Shares 6H 6 3 4 Nation-Wide Securities s‘j 6 National Industry Shares ... 41% 5 s * N Am Trust Shares 4V% 5 • Sel Am Shares 4 ! 4 s * Shawmut Bank Inv Trust 7*5 9 Universal Trust Shares 44% 5V% Super Corn of Am Tr Sh A 5V* 5% Fundamental Trust Shares A 514 6K Fundamental Trust Shares 8.. *W 64% D Boe Ugh* * Pwr A.... Uvl 90Mi

Hershey ... ... 95% Kroger ... 31 31% uNat Biscuit 58 554 Plllsbury 28% 28% Purity Bak 26% Safeway St 62% .61% 62% 62% S4d Brands ... 18% 18% Ward Bkg 3% Drugs— Coty Inc 7% 7% Lambert Cos 65V* 65% Lehn <sc Fink 26% 26-* Industrials— Am Radiator 12’% 12% Gen Asphalt 20 V* Otis Elev 38Vi 38% 38% 39 Indus Chems— Allied Chem ...111% 110% 111% HI Com 80 iv 17 16 1 , 17 16% Union Carb 49% <B% 49% 49 U S Ind Alco 28 Retail Stores— Assoc Dry Gds 18 Vi Kreske 8 8 26% Mont Ward .... 21% 20% 21% 20% Penny J C 39% 39 39% 39% Schulte Ret St 6 Sears Roe 56% 55% 56% 55% Wool worth 68% 68: a Amusements— Bruns Balke '. 8 Col Graph 8% Croslev Radio 5Vi Eastman Kod 139% 139 Fox Film A.... 12% 12% 12% 12% Grigsby Gru .. ... 3Vi 3% Loews Inc 46 45% Param Fam 23 Vi 23 23% 23 Radio Corn 13 18% 18% 18% R-K-O 13% Schubert 3 Warner Bros ... 7% 7% 7% 7% Miscellaneous— Congoleum 13% 13% Am Can 93% 92% 93% 93% Cont Can 47% 47 47 27% Curtiss Wr 3 Gillette SR 21% Real Silk 6% 6% Un A rest 27% 27% 27% 27% Int Harv 39 Vi 38 38% 39%

FRENCH GOLD RESERVES GAIN British Treasury Action Felt in Paris. By United Press PARIS, Aug. 13—An increase in gold reserves of the Bank of France by 149,000,000 francs was disclosed today by the weekly bank statement. This showed a gold total of 58,566,000,000 francs. The proportion of gold to paper was 56.31 per cent, a healthy surplus over the legal requirement of 35 per cent. This week’s increase would have been larger, it was explained, except for action of the British treasury in utilizing recent credits and thus checking the gold ( drain which has been under way for some time. French experts believed that for the remainder of this year, at least, four world money centers would continue to attract 90 per cent of the available gold—New York, Paris, London and Amsterdam.

New York Bank Stocks

(Bv Thomson <fc McKinnon) —Aug. 12Bid. Ask. America 40 43 Bankers 91 94 Brooklyn Trust 370 380 Central Hanover 206 211 Chase National 60% 63% Chatham Phoenix Natl 59 62 Chemical 45% 47% City National 76 79 Corn Exchange 94 98 Commercial 223 233 Continental 21% 24% Empire 44 47 First National 3.380 3.580 Guaranty 438 443 Irving 31 33 Manhatten & Cos 60% 63% Manufacturersr 42% 44% New York Trust 136 141 Public 45% 48%

New York Curb Market

(By Thomson & McKlnon) —Aug. 13— 11:30'Int Pete 12%: Am Gas & El. 64%l J t TTi 11-30 Am Sup Pwr... 10>4 Midwest Ut 17V* Ark Gas (A)... 3% Niles 13% Ass G & El (A) 12% Penroad 5% Cent Sts Elec.. 6% Sel Indus ..... 2% Cities Serv 9%!50 Union Gas. 6% Deere & Cos 20%, Std of Ind Elec Bnd Sh... 37% Stutz 10% Gen Aviation .. SV*I Trans Air Tr .. 5% Ford of Eng .. 107* Union Gas 6% Fox Thea 2% Un Lt & Pwr.. 19% Goldman Sachs. 5% Ut Pwr B. 7% Hudson Bay ... 3%|Va < m"m Oil 45% Imp Oil of Can 13 'Unit Fndrs 4%

H. M. COTTERMAN DIES AT INDIANAPOLIS HOME Aged Resident Had Been HI Three Months; Born in Ohio. Harry M. Cotterman, 83, of 104 North Colorado avenue, for twenty years a resident of Indianapolis, died Wednesday in his home. He had been ill for three months. Born in Ohio, Mr. Cotterman lived in Indiana most of his life. He was a contractor and carpenter in Shelbyville until his retirement twenty years ago. He was a member of Tuxedo Park Baptist church and of Waldron Odd Fellow lodge. Funeral services will be held in the home at 2 Friday, conducted by the Rev. U. S. Clutton, pastor of Tuxedo Park church. Burial will be in Memorial Park cemetery. Survivors are the widow; a son, Paul Cotterman, with whom he lived; a daughter, Mrs O. C. Davidson of Indianapolis; a sister, Mrs. Effie McCain of Waldron; a brother, Elmer Cotterman of Greensburg; five grandchildren, and two great grandchildren. Other LivestocK By United Press CINCINNATI. 0.. Aug. 13.—Hogs—RefjUPts, 1-300; held over 800 slow, mostly 10c lower: spots 15c or more lower: better pade 17° to 225 lbs.. [email protected]; some 230 to 260 lbs.. [email protected]; 310 lbs. downward to $6. 120 to 160 lbs. largely $7; sows about steady, $4.5004.75; few smooth light weights upward to $5. Cattle—Receipts. 350; calves, 275; generally, steady; sprink•i\?o bett<r ? rade Brass steers and heifers. $7(3.8; part load 1,200 lbs fed steers $8 25few individuals up to $9: common and medium grassers. $4.50(3,6.75; few beef cows $3 75(3 4.75: low cutters and cutters. s2® 3.50: bulls $4.50 down; vealers fully steaay good and choice $8.50 0 9.50; lower grades mostly $8 down. Sheep—Receipts, 2.600; better grade ewe and wether lambs fully steady; spots strong, mostly $8.50 & 9; few choice lots somewhat above: throwouts very hard to move at s4® s; sheep steady; fat ewes. $203. By Times Special LOUISVILLE. Ky.. Aug. 13.—Cattle—Receipts. 250: steady: bulk medium and good slaughter steers and heifers. $5.50(®7; lower to *3.50: best slaughter cows. *3 303 4.50: common. $2.25(33: all cutters, $1.25(32...5: bulls. $30.4: stock steers anj heifers. SSO 6. Hogs—Receipts. 500: 10c Wednesday: butchers averaging 160-220 lbs.. $7.20; 220-290 lbs.. $6.45; 290 lbs. up. *5.20; 140-160 lbs.. $6.45; 140 lbs. down $5.95; light packing sows under 350 lbs.. $4.45: heavies above 350 lbs., $3.45; stags. $2.95 down: calves. 350. and slow; early indications steadv: top vealers Wednesday $8; medium. $5.50136.50: throw°uts; ** down Sheep and lambs—Receipts 1.000; steady best lambs. $707.50: buck lambs. $6.50; light fat lambs, *405; culls. $3.50 down. Wednesday's shipments—Cattle. 26; calves. 252; hogs none' sheep. 1.059. RAILROADMAN DEAD Lawrence M. Barr Succumbs at Hospital to Pneumonia Attack. Lawrence M. Barr, 49, apartment 34. 341 Massachusetts avenue, died Wednesday morning of lobar pneumonia in the Methodist hospital. He was a clerk in the Indianapolis freight office of the Pennsylvania railroad. Survivors are a daughter. Miss Ellen Barr; a son, Lawrence M. Barr Jr.; a sister, Mrs. Esther E. Wilkinson. and a brother, William C. Barr, all of Indianapolis. Funeral services will be held in Shirley Brothers central chapel, 946 North Illinois street, at 2 Frida‘s Burial will be in Crown Hill ceflßtery.

THE INDIANAPOLIS TIMES

GRAIN FUTURES MOVE OFF ON WEAK CABLES Lower Liverpool Market Turns Sentiment to Bear Side. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, Aug. 13.—Failure of Liverpool to respond to the advance made here late Wednesday weakened the wheat market as the Board of Trade opened today. Prices were off only fractionally at the start. The English market later firmed up on the unsettled weather on the continent. Stocks were firm and cotton sharply higher, but these had no effect at the start. Corn was off with wheat with conditions otherwise unchanged. Oats again took their cue from the dominant grains. Statistics Are Bearish At the opening wheat was unchanged to Vt cent lower, com was unchanged to % cent off and oats were unchanged to % _cent down. Provisions were slow with bellies declining further. Liverpool was weaker than expected, but showed % cent higher at mid-afternoon. Wheat is expected to hold around the present levels for the present, with support appearing on recessions, as has been the case for the last week. Statistics are bearish, but the cheapness of wheat and the prospects of foreign buying as soon as the financial situation over there is more settled is tending to strengthen the resistance. The domestic cash strength is surprising. Corn Trade Uneven Corn has been performing in an erratic manner for some time. Late news or* the crop has been unfavorable and the weather is turning warm, parts of South Dakota reporting temperatures of 102 degrees Wednesday. There is fear of another hot wave spreading over the belt, and the reference made in th e government weekly report Wednesday to damage in lowa and the northwest is discouraging sellers. Oats are beginning to show resistance to pressure. The crop is not large and there is much light weight oats being harvested. Farmers are holding their grain, owing to the cheapness,.. and this is a further strengthening factor. Chicago Grain Range —Aue. 13WHEAT— Prev. 1 High. Low. 11:00 close. Sept 50% .50% .50% .50% Dec 54 .53% .53% .54% Mar 56% .56% May 58% .58% .58% .59 CORN— Sept 49% .48% .48% .49’% Dec 39% .39% .39% .39% Mar 42’i .42% May 44% .43% .44% .44 Vi OATS— Sept 22% .22% .22% .22% Dec 24 % .24% .24% .24% May 26% .26% .26% .26% RYE— Sept 34% .34% .34% .34% Dec 38% .38% .38 Vi .38% Mav 42 Vi LARD— Sept 7.10 7.15 Oct 6.97 7.02 Dec 6.30 6.32 By Times Special CHICAGO. Auk. 13.—Carlots: Wheat. 188; corn. 38; oats. 83; rye. 2. and barlev. 10.

MRS. SLIFER, AGED CITY WOMAN, DEAD Resident of Indianapolis Fourteen Years Succumbs at Home. Mrs. Arabella Slifer, 86, a resident of Indianapolis for fourteen years, is dead at her home, 4220 Graceland avenue, after an illness of five weeks. She was born in Rushville. Most of her life, however, was spent in Greenfield. With' her husband, Lafayette Slifer, she came to Indianapolis fourteen years ago. They lived with their two daughters, Mrs. W. G. Evans of the Graceland avenue address, and Mrs. Walter H. Christy, 5607 Carrollton avenue. Her husband has been dead for four years. Survivors are the two daughters, a grandson, H. Seger Slifer of Ann Arbor, Mich., and a great-grandson, T. Seger Slifer Jr. Funeral services will be held in Greenfield Christian church, Friday at 2. BOOKMAKERS RAIDED Evansville Cops Hand Edict Down to Race Bettors. By Times Special EVANSVILLE, Ind., Aug. 13.—A police edict that betting on horse races will not be tolerated in Evansville, a series of raids on alleged Bookmaking establishments and several arrests have followed the opening of the racing season at Dade park. The track is under Kentucky jurisdiction, although it is on the north side of the present bed of the Ohio river.

We buy and sell U S Liberty Loan Bonds U S Treasury Certificates U S Insular and Territorial Bonds Indiana Municipal Bonds Indiana Gravel Road Bonds Federal Farm Loan Bonds Joint Stock Land Bank Bends Fletcher American Company 41 North Pennsylvania Street Affiliated with Tfes Futcbr Amwcar Natjohal Bamk

Dow-Jones Summary

United Chemicals six months to June 30 earned 20 cents a common share, against $lO6 In first hall of 1930. Wayne Pump omits quarterly dividend of *7% cents n preferred stock, due Sept. 1. New York cables opened In London at 485 13-16; Park, checks. 123 95; Amsterdam. 12.05; Italy. 92.85; Berlin. 20.50. American Machine and Foundry net for first half equal to $1.07 a common share, against $1.53 on common in previous year. International Cigar Machinery six montns net $1.44 a share, against $1.3 1 in 1930 period. New York Central in Jane quarter earned 93 cents a share, against $2.93 a share in June, 1930. quarter. Six months earned 90 cents share, against $4.63 in first half of 1930. Pittsburgh & Lake Erie June auarter earnings 94 cents a share, against $2.03 in June 1930 auarter. Six months earnings $1.87. against $3.78 In first half of 1930. Rutland Railroad June Quarter net 13 cents on 7 per cent preferred stock, against SI.OI on preferred year ago. Six months loss $94,420. against net income $96,025 or $1.07 a preferred share a year ago. Ohio Oil declared a regular Quarterly dividend of $1.50 on preferred stock, payable Sept. 15. of record Aug. 22. Oklahoma Gas & Electric total Income $6 105.901 obfore depreciation and charges, against $7,259,402 in previous twelve months. I Indiana Harbor Belt Railroad June quarter net income $286,356 after taxes arid charges, against $632,830 in June 1930 auarter. Six months net income $570,550, against $1,050,543 in first half of 1930. St. Louis Southwestern Railway first half of August gross amounted to $296,400, against $380,929 year ago. Jan. 1 to Aug. 7 gross $11,197,687. against $14,110,992. Standard Gas and Electric In twelve months to June 30 total income before depreciation amounted to $74,361,005. Year ago $77,368,876. Philadelphia Company twelve months to June 30 total income before depreciation. $31,228,081. Year ago $32,665,858. Louisville Gas and Electric twelve months to June 30. total income before depreciation $6,010,652. Year ago $5,895.910. Northern States Power twelve months to June 30 total income before depreciation was $17,159,952. against $17,232,768 in previous twelve months.

Mr. Fixit Write your troubles to Mr. Fixit. He is The Times representative at the city ball and will be clad to present roar case to the proper city officials Write him in care of The Times, signing your fall name and addresa Name will not be published.

Mr. Fixit —Would you kindly have the city investigate the sewage disposal system at my home, as the landlord has refused to do so? R. M. City board of health officer* issued a fifteen-day notice for the owner to correct the condition. Mr. Fixit—Could something be done to stop the awful stench existing along Pogues Run, between East Michigan street bridge and East New York street? Board of health officials announced steps have been taken to erase the odor, and that lime has been spread in the locality. Mr. Fixit—A dumps on West Pearl street, near the West Washington street bridge, has endangered the health of many residents nearby. Can something be done about this? E. B. Officials of the board of health report that time will be reauired to get action on cleanin; of the dumps, but that orders already have been issued ordering its removal. s MOOSE OPEN PARLEY Annual Convention Is Held in Kokomo. By Times Si>ecial KOKOMO, Aug. 13.—This city assumed a holiday air today as the advance guard of hundreds of delegates and visitors to the Indiana State Moose Association today, Friday and Saturday arrived. For several days merchants have been decorating their stores with flags and “Welcome, Mcose,” banners. James V. Thompson, deputy supreme secretary, will have charge of the secretaries’ and dictators’ school of instruction. Mr. Thompson’s home lodge is at Kellogg, Idaho. Malcolm R. Giles, supreme secretary of Baltimore lodge No. 70, one of the youngest, lodge executives in the country, has accepted an invitation to be present. Practically the entire state staff will be on hand for the gathering. A special program of entertainment is being arranged. MIAMI TRIBE TO MEET Scant Hundred are Descendants of Once Powerful Indian Hosts. By United Press WABASH, Aug. 13.—A scant hundred descendants of the once mighty tribe of Miami Indians which rtiled this section of Indiana, will hold their annual .powwow here next Sunday, after a basket dinner in city park. H. L. Marks, Peru, is president of-the organization, and Clarence Godfroy, Rich Valley, is vice-presi-dent.

BULLISH NEWS REPORTS SEND STOGKSJIGHER Rails, Oils and Cotton Are Strong Points in Fast Trade.

Average Stock Prices

Average of thirty industrials for Wednesday was 137.63. off 2.53. (Overage of twenty rails was 70.05. off .72. Average of twenty utilities was 56.36. off .60. Average of forty bonds was 93.06. up .01. BY ELMER C. WALT^i United Press Financial ',<? . NEW YORK, Aug. 13.—Declaration o f the regular quarterly dividend of $2 a share on common stock of Union Pacific Railroad, passage of an oil curtailment bill by the Texas legislature, a rise in cotton futures and a rally in London stocks combined to send stocks on the New York Stock Exchange up fractions to 3 points. These helped rails and oil s, respectively. Rails had been weak in the early trading as a result of publication of New York Central net income for the first half, equivalent to only 90 cents a share, against dividend requirements of $3 a share for the period. Radio Shares Active Sensational activity in Radio Corporation was an outstanding feature. The stock came out 5,000 shares at 19%, followed by a block of 10,000 shares at 20, up 1% points. Then followed long strings of the issue, reminiscent of the bull market days when Mike Meehan was making the market for this stock hum. . In the oil group Socony-Vacuum rose to 19, up y 8 and anew high. Sinclair rose to 10%, up %; Atlantic Refining 15%, up %; Standard of New Jersey 38%, up %. Other issues of the group were up fraction.? to a point. With prospects of reduced production in East Texas area, oil experts saw hopes of increased prices for crude oil. Magnolia Petroleum Company today posted a price of 25 cents a barrel for East Texas crude, against a recent average of 15 cents a barrel. Oil Production Down Crude oil production in the week ended Aug. 8 totaled 2,555,550 barrels daily, against 2,500,650 barrels in the preceding week and 2,480,350 barrels in the corresponding week of 1930. The increase for the week w?vs caused by a rise of 56,650 barrels daily in East Texas production where record daily output of 654,200 barrels was recorded. Oklahoma production was down 3,850 barrels da:iy and a greater contraction of operations is due in the next report. With Texas production down, real results would be forthcoming from the curtailment program, according to oil experts. Union Pacific Soars Declaration of the regular dividend by Union Pacific sent that stock up 2Vi points to 143%. New York Central, which had touched 69%, came back to 72, where it was up Vs. Canadian Pacific gained 1% to 22V4. Nickel Plate preferred and New Haven preferred made new lows. Steel common roes to 89 up nearly 2 points, and other leading industrials were firm. Westinghouse was in demand. Allied Chemical rose 2 points, Auburn Auto 5V4, Sears Roebuck 1%, Loew’s 1, Underwood Elliott Fisher 3, Case I\%, and Eastman 3.

Bank Clearings

INDIANAPOLIS STATEMENT . —Aug. 13. Clearings $2,259,000.00 Debits 5.897,000.00 CHICAGO STATEMENT —Aug. 13Clearings $55,100,000.00 Balances . % 4,300,000.00 TREASURY STATEMENT —Aug. 13— Net balance for Aug. 11 $152,867.90(5.73 Expenditures 24.907 421 00 Customs rects. mo. to date.. 13.491.460i31 New York Liberty Bonds —Aug. 12— Ist 4Vis jo3 1 4th 4Vis ....... 104 25 Treasury 4Vis 11210 Treasury 4s ", 103.5 NEW YORK COFFEE RANGE —Aug. 12— . High. Low. Close. January 5.15 5.02 5.15 March 5.28 5.18 5.28 May 5.38 5.28 5.38 J pl y 5.48 5.40 5.48 September 4.83 4.70 4.83 December 5.10 4.99 5.10

Notice to Holders of City Trust Company First Mortgage Certificates __ and City Acceptance Corporation Collateral Trust Notes The undersigned committee has been formed for the protection of the holders of the above certificates and notes and a Deposit Agreement has been adopted. A copy of the Deposit Agreement and letters of transmittal will be forwarded promptly to any person interested, upon application to tho Secretary. This plan is, in our opinion, of great benefit to holders of the Certificates and Notes, and as a large number of the Certificates aiid Notes have already been deposited, we feel confident the plan will be successful. PROTECTIVE COMMITTEE Dr. R. O. McAlexander, American Secur- Thomas H. Kaylcr, Indiana National ity Company, Indianapolis. Bank, Indianapolis. Myron H. pray, Merchants National Clyde F Harman, Fletcher American Bank. Muncie. National Bank of Indianapolis. Robert O. Martin, Stone City Bank, Bedford. Counsel Secretary Matson, Ross, McCord & Clifford, J. Dwight Peterson, 941. Consolidated Bldg., Indianapolia 420 Circle Tower. Indianapolis. Depositary The Indiana National Bank of Indianapolis

Bright Spots of Business

By United Ptcs* NEW YORK. Aug. 13— Directors of Union Pacific railroad today declared the regular quarterly dividend ol $2.50 a share on the common stock. DETROIT—JuIy shipments of Packard Motor Company were the largest since October. 1930. with tot*l of i.996 units. NEW YORK—Crude rubber consumption in July was estimated by the rubber manufacturers association at 31,937 tons, against 29.245 tons In July. 1930. NEW YORK—Averrge price of eight iron and steel products advanced 27 cents a ton during past week, according to Dow. Jones <Ss Cos. NEW YORK—Sales of General Foods Corporations Pectin Products so far this vear more than 20 per cent above entire 1930 ouput. NEW YORK—Curtlss-Wright aviation Interests report improved evnings for second auarter and first half of 1931. < DALLAS. Tex.—Magnolia Petroleum Company advanced the price of crude oil 5 cents a barrel to 25 cents In East Texas area.

Net Changes

By United Press NEW YORK. Aug. 12.—Closing prices on principal issues traded on the New York Stock Exchange today follow: off. American Can 93% 2% American Tnephone 170% 1% Atchison 137% 4% Auburn Auto 131% 5% Beth Steel 38Va % Case J I 55% 4% Chrysler 23 V* 1 Consolidated Gas 92 1% Electric Power & Light 37% 1% Fox Film A 12% % General Electric 40 1 General Motors 40 1 International Telephone 27% % Loew’s Inc 45 s ,* % Lorlllard 19 % Montgomery Ward 20% 1% Nat Biscuit 57% 1% N Y Central 71% 1% North American 67% % Paramount 23 % Pennsylvania R R 41% 1 Public Service 78% IV* Radio 18% % Radio Keith 13% % Sears-Roebuck 55% 1% Sinclair 10 % Texas Corp 23% % Trans-America, unchanged 7 Union Carbide 49 2% United Gas Imp 29 % U S Stel 87% 1% Vanadium 27 % Westinghouse Elec 60 Va 1% Chicago Stocks Opening (By James T. Hamill & Cos.) —Aug. 13— Bendix Avia .. 21 Mid United Com 17% Borg Warner .. 19V*iNatl Sec Com.. 4V* Cent S West... 16%: N Am P & L.. 68% Cen Pub Ser A. B%jPft Circle 36 Cont Chi Com. 4%|Sbd Utilities... 3 Gt Lks Arcft.. 3%'Swift Inti 34 Houd Mersh B. 6'4 U S Rad & Tel 31% Insull Com 26%!

In the Air Weather conditions at 9 a m.t North northeast wind, 15 miles an hour; temperature, 70; barometric pressure, 30.18 at sea level; ceiling, scattered cloudiness, unlimited; visibility, 20 miles; field, good. Australian Nears Goal By United Press KAGOSHIMA, Japan. Aug. 13. C. C. Chichester, Australian aviator, arrived today at 6:30 p. m. from Shanghai on a flight from Sydney, Australia, to Tokio by easy hops. Favorable flying conditions aided the flight from Shanghai. Denies Flight Rumor By United Press LONDON, Aug. 13.—Professor Hans Hocke, Milwaukee inventor returned from a trip to Germany today and denied he expects to make an England-to-Milwaukee flight in in the near future, though he might try one next year. “At present,” he said, “I am concerned solely with marketing my invention of an airplane wing device. I have no present plans for a flight across the Atlantic although I might consider one in 1932.” * HOOVER LAUDS SAVING Building and Loan League Hears Address by President. PHILADELPHIA, Aug. 13.—Savings accumulated by 12,000,000 investors in building and loan companies have acted as a stabilizing force and have illustrated the selfreliance of the American people, President Hoover said today in a Jetter read before the United States B'.uilding and Loan League, in con- ' version here.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchange New York G ot * OB Exchange Chicago Board of Trade New York Curb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501

AUG. 13, 1931

INDIANA CORN YIELD SNOWS GAIN FOR 1931 Largest Crop Since 1926 Is Predicted at Purdue. LAFAYETTE. Aug. 13.—An average corn yield of thirty-nine bushels to the acre, the largest in Indiana since 1926, was forecast in the monthly crop report issued today by L. B. Palmer, assistant agricultural statistician of the Purdue university agricultural experiment station and the United States department of agriculture. The report indicates a crop 87 per cent of normal, 13 per cent better than usual at this season and 26 per cent above that of Aug. 1, 1930. Wheat showed even a better yield than a month ago. with an average yield of 26.3 bushels an acre, compared with the twenty-two-bushel estimate last month. Excessive heat was blamed for a decline of eight points in the oats condition during July, with an average yield of thirty-one bushels an acre. Rye prospects improved ar.d hay was in better condition than a year ago, with predicted yields of 2.40 tons per acre for alfalfa, 1.5 tons for grain hay and 1.32 tons for all tame hay. Conditions of soy beans was 87, 5 above average, and pasture was reported 70 per cent normal, 3 per cent below average. Fruit prospects were excellent, with peaches offering one of the largest crops ev.er harvested in Indiana, and apples at 84 per cent of normal, the highest in sixteen, years. Potato yield was estimated at 87 bushels an acre, with heat responsible for more than a normal July decline.

Y. M. C. A. BOYS TAKE HIKE TO LICK CREEK Sixteen Lads Enjoy Outing Arranged for Youngsters of City. Sixteen boys hiked Wednesday night from city limits to Lick Creek for overnight camp. They returned this morning. The trips are being sponsored by the Y. M. C. A. and are intended to benefit boys between the ages of 10 and 15 who otherwise would have no outings this summer. Secretary R. Carl Alforo, In charge of the work, says that the only things needed on the overnight hikes are “plenty of pep,” blankets and a lot to cat. Members of the Y. M. C. A. and their guests leave every Wednesday night for some fine camping site where a campfire program is carried out. Factory visits have been enjoyed by more than 1,000 boys. Groups of from seventy-five to one hundred boys visit the varied industries of Indianapolis each Thursday afternoon. This program is to be carried out until the opening of the schools.

Local Wagon Wheat

Citv grain elevators are paying 37c fifir No. 2 hard wheat and 36c lor No. 2 ifed wheat.

We Will Buy First Mortgage Real Estate Bonds Issued By S. W. Straus & Cos. Geo. M. Foreman & Cos. Strauss Bros. Inv. Cos. Zaiser & Zaiser 129 E. Market LI. 9375