Indianapolis Times, Volume 43, Number 84, Indianapolis, Marion County, 17 August 1931 — Page 9

AUG. 17, 1931_

SWINE MARKET SHOWS UNEVEN TRADING RANGE Hogs Under 270 Pounds 5 to 20 Cents Lower; Others Steady. Hogs were slightly Irregular this morning at the Union Stockyards, prices ranging from steady to 5 to 20 cents down. Weights under 270 pounds showed the loss, with others unchanged. The bulk, 140 to 300 pounds, sold for $6.50 to $7.60; early top holding at $7.65. Receipts were estimated at 7,000; holdovers Were 260. The cattle market was nominal, receipts numbered 300. She stock evidenced weakness. Vealers were little changed, selling at $9 down. Calf receipts were 400. Lambs were weak to 25 cents lower than Saturday or 50 to 75 cents off from Friday. The bulk sold at $7 to SB, a few making a top of $8.25. Chicago hog receipts were 28,000, Including 4,000 direct. Holdovers 2,000. Market opened strong to 10 cents higher than Friday’s average. Good to choice hogs weighing from 170 to 210 pounds sold at $7.50 to $7.65, early top held at $7.65. Cattle receipts were 17,000. Calves, 2,000, and strong. Sheep receipts were 30,000, market around 35 cents higher. HOGS A list. Bulk. Early top. Receipts. 10. $6 75® 8.10 SB.IO 3.000 11. 6.40® 7.75 7.80 6,060 12. 6 40® 7.75 7.75 3.000 13. 6.15® 7.40 7.40 3,000 14. 6.40® 7.85 765 2.500 15. 6.50® 7.65 7.05 1,700 17. 6.50® 7.60 7.85 7,000 —Aug. 17— Receipts 7,000; market, lower. —Light Lights—' (140-160) Good and choice... $7.15® 7.25 - Light Weights—-(l6o-180) Good and choice... 7.60® 7.65 (180-200) Good and choice... 7.60® 7.65 —Medium Weights—-(2oo-220) Medium and g00d... 7.40® 7.50 (200-250) Good and choice... 7.10® 7.30 —Heavy Weights—--250-200 Good and choice... 6 65® 700 (2SO-350) Medium and good.. 6.25® 650 —Packing Sows—-(27s-500) /Medium and good.. 4 25® 550 (100-130) Slaughter pigs ... 7.00 CATTLE (Slaughter Class) Receipts, 300; market, higher. —Steers — Good and choice $ 8.50® 9.75 Common and medium 5.50® 8.50 (1.100-1,500) Good and choice B.oo® 9.50 Common and medium 5.50® 800 —Heifers—• (500-850) Good and choice 7 50® 9.50 Common and medium 4.50® 7.50 —Cows— Good and choice 4 50® 6.00 Medium 3.25® 4.50 Cull and common 1.75® 3.25 —Bulls (yearlings excluded) Good and choice beefs 4.00® 4.75 Cutter, common and medium 2.50@ 400 CALVES AND VEALERS Receipts, 404); 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® 650 Common and medium , 3 75'-..' sqq SHEEP AND LAMBS Receipts. 2,000; market, lower Good and choice $ 7.00® 8.25 Common and medium 3.50® 7.00 Ewe.s, medium and choice ... 2.00® 3.25 Cull and common I.oo® 2.00 Other Livestock By United Press CHICAGO, Aug. 17.—Hogs—Receipts, 28,000. including 4,000 direct; steady to 10c higher than Friday, pigs unevenly lower, bulk 170-210 lbs.. $7.50®7.65; top. $7.75; 220-290 lbs., $6.40©7.50; pigs, $5.50® 7, packing sows s4<®s; light weights to $5 65; light lights, 140-160 lbs., good and choice, $7®7.50; light weight. 160-200 lbs., good ahd choice. $7.40®7.75; medium weights, 200-250 lh.s.. good and choice, $7 ®7.75; heavy weights. 250-350 lbs., good and choice. $5.60®7.15: packing sows, 275800 lbs., medium and good. $4®5.65; slaughter pigs, 100-130 lbs., good and choice. $5.50®7. Cattle-—Receipts, 17.000; Calves. 2.000; fed steers and yearlings fully steady, instances higher on desirable light yearlings and well finished weighty steers; most other classes generally steady and fairly active; $lO paid for long yearling steers and $9.50 for weighty bullocks; mixed offerings up to $9.90 and heifers yearlings, $9.65; slaughter cattle ’ and vealers; steerj, 600-900 lbs., good and choice. $8.75(5 10.25: 900-1.100 lbs., good and choice. $8.50®10.25; 1,100-1,300 lbs., good and choice, $8 25®9 75; 1,300-1.500 lbs., good and choice, $3.25® 9.75; 1,3001,500 lbs., good and choice. $8.25®9,75; 600-1,300 lbs., common ahd medium $4.75® 8.50; heifers, 550-850 lbs., good and choice, $7.25ffi9.75; common and medium, $3.50® 7.25; cows, good and choice. $4®6.75; common and medium. s3'4; low cutter and cutter, $2.15® 3.25: bulls (yearlings excluded). Rood and choice (beef). s4® 5 25; cutter and medium, $2.75®4.25; vealers. medium, $650®8: cull and common. $5®6.50: stocker and feeder cattle; steers. 500-1,050 lbs., good and common. $5.75®7 25; common and medium, s4® 5 25. Sheep—Receipts, 30,000; siow, 25® 50c lower; inbet ween grade lambs oIT more In Instances; better grade native, $7.50® 8 25; top paid bv citv butchers; best ■westerns held above $8 25; choice range ewes $3; slaughter sheep and lambs; Jambs 90 lbs. down, good and choice. 57.25 ®8.50; medium. $5®7.25; all weights common, $3.75®5: ewes, 90-150 lbs., medium to choice. $1.7£®3.25; all weights cull and common, sl7 2.25: feeding lambs, 5075 lbs., good and choice, $5.25®5.75. By United Press EAST ST. LOUIS, Aug. 17.—Hogs—Receipts. 11.000; market, 10®25c lower; most 150-320 lbs.. $7.25®7.40: top, $7.50; 220240 lbs., s7®7 25; 100-150 lbs., $6.50®7.25; sows, $4.10®5.25. Cuttle—Receipts, 7,500; calves, receipts. 2,500: market., fed steers In light supply; Indications around steady; fat mixed yearlings and heifers and medium bulls steady: a few western steers and beef cows, early, steady to 25c lower: vealers, 50c lower at $8.75; fat mixed yearlings and heifers, mostly Individuals: a few cars western grassers. $5.40® 7.25: top medium bulls, *3.75. Sheep—Receipts. 2,800: market, fewchoice lambs to city butchers. 25c lower at $7.75; packers bidding $7.50 down for desirable lambs. By United Press PITTSBURGH. Aug. 17.—Hogs—Receipts. 1.200; market, mostly 10®15c higher; 170210 lbs.. $7.90®8.15; 220-250 lbs., $7.00® 7.85: 250-300 lbs.. $6.25® 6.85: 110-145 lbs., s7® 7.50: packing sows, steadv at $5 down. Cattle— Receipts, 750; beef steers, vearlings. 25®50c higher: cows, steadv to strong; bulls, steadv to weak; good steers, $7.50® 8.15: medium grade. $6.25®7 25; heifers. *[email protected]: good cows up to $4.75; medium bulls. $3 50@4. Calves—Receipts. 1 000; market, mostly steady; bulk letter grade vealers. sß'-i 9.50. Sheep—Receipts. 3 500: lambs, around 25c lower: good to choice. 60-70 lbs.. $7 5; 8.25. few $8.50. Bp United Press FT. WAYNE Aug. 17.—Hogs—Steady; 100-140 lbs.. $6.90: 140-160 lbs.. $7.15: 160180 lbs.. $7.40; 180-200 lbs.. $7.50; 200-210 lbs. $7.40: 210-220 lbs. $7 20: 200-230 lbs.. *7 15: 230-240 lbs,. $7.05: 230-250 lbs.. 66.95; 250-260 lbs.. $6.85: 260-270 lbs.. $6.70: 270280 lbs.. $6.50: 280-290 lbs.. $6.30: 290-300 lbs $6.15: 300-325 lbs.. $5.90: roughs. $4.25; stags. $3.25; calves, $9: lambs. $7. By United Press CLEVELAND. Aug. 17.—Hogs—Receipts. 2 700: holdovers. 700; niostlv steadv with Friday: spots 10c under Saturday; not particularly active. 150-230-lb sorts. S7.SO; 240-250 lbs.. 57 40; 260-300 lbs . s6® 6.25; pigs, slow Cattle—Receipts 100: around steadv with week end: fairly dependab.e on kinds selling $6 or upwards: choice. 889-lbs. drv fed steers about SIO.OO, 75c over last Monday; bulk grassy kind. $7 25 downward: little under $5: cows and bulls strong. Calves —Receipts. 950: steadv light and handvweight- strictly vealers In demand: others, dull: good to choice vealers. S10G11: bulk sorted to sell. $lO 50 down: bulk medium. $9 and under: culls, downward to $7 and below. Sheep—Receipts. 2 700: steadv to easier: onlv few strictly choice lambs. $6.50: bulk. $8 downward: cull and common. s3®s mostly; scattering medium upward to $6 and above: sheep weak. EAST BUFFALO. Aug. 17—Hogs—On sale. 4.500; weights above 160 lbs., active. Arm to 5c higher; bulk desirable. 170-220 lbs $8.10®8.15: plainer kinds. $6.90®8: lighter averages, draggv. $7617.50 : 240-260 lbs , $7.50® 7?15. Cattle—Receipts. 1.500; drv fed steers and yearlings, active, generally 25c higher: plain grassers and cows, mostly steady, choice vearllr: % *9 55®10; good steers and vearlings. $8 7567 9 25; heifers. $8.75. short feds and flashv grassers. *7.50®8; plain grass steers and heifers. $57.6.50; fat cows. $4.50®5.50; cutter grades. $l.SO®3; calves, receipts, 1.200; vealers. active, steady 10c down. Sheer)— Receipts. 6.000: lambs. 25c to mostly 50s lower, better grades, active at decline, good to choice ewe and wether lambs. $8 25. mixed offerings. $7.75; bucks and medium kinds. $7®7.50; throwouts, mostly 15.25; sheep slow.

New York Stocks (Bv Thomson 81 McKlncoa) "

—Aug. 17Railroads— . Prev. High. Low. 11 30 close. Atchison 144 1427a 144 I 74 4 ft Bait it Ohio 48% 48 48 48% Chesa & Ohio.. 36ft 36 36 38ft Chesa Coro •••,. 36 Chi N West.... 26% 26ft 26ft 2. C R I it P 39 40 Erie • 19ft Great Northern 35ft 36 . M K & T 12ft 12% 12ft 12ft Mo Pacific 20 20 N Y Central... 73ft 73 73ft < 4 % N Y N H it H 6° * Nor Pacific 35ft 3a 35 Norfolk dc West 1?< 18<% Pennsylvania ... 41% 41 41st 42ft So Pacific 76 77 Southern Ry - 8 St Paul 4;* ••• 8t Paul pfd Bft ... St L & S -iUnion Pacific W Maryland ••• •* Equipments— Gen Am Tank.. .. General Elec ... 41st 40ft 41st 42* Oen Ry Signal 48ft Press Stl Car ,? * 4% ,, Westingh Ar B. .. *5/2 Westingh Elec.. 64ft 63ft 63 t 65 2 Rubbers— Fire.stone ~ •••-. *<4 *•* Fisk ft * ,„ 2 ftiy, Goodrich 4 iii * u S Rubber 74/2 i4 Motors — _ Auburn I. 44 '* 74 J V Chrysler 24ft 24V* 24, Granam Paige.. .. •••, *,* ftii. General Motors.. JBft 38,. 38 * Hudson 13 4 7 8 Mack 3?? :::::::::: ::: ** Studebak’er 17% 17 17 7 ®j ß Yellow Truck .. 87* BV* B,* a.* Motor Access— _ Bendix Aviation. 22ft 22V* 22 /* 22 , Borg Warner ... 20ft 20 20 20_. MW:::: “ “ /4 “ ft Houda ’7 Jv* Stewart Warner. .. ••• 77,4 H/ 4 Timkin Roll 33% 33ft 35/a 33/2 Mining— Am Metals 1* Am smelt 22 ... Anaconda Cop.. 25 24ft 2o 25/* Cerro de Pasco.. .. ••• 7t > i“ / 4 Freeport Texas 2oft ii Granbv Corp Great Nor ure.. .. • ••.. ••■•a.. 18,8 Int Nickel 13ft 13ft 13ft ... Inspiration ‘Hu iui*. Kennecott Cop... 18ft 18 18.2 18, Nev Cons ....... Bft Bft 18,,2 g Texas Gul Sul.. 34ft 34-,* 3-.a 30,* Oils— Amerada • •*°,' 2 Atl Re lining 16% 16 ft lbj* 16 4 Barnsdall 8,4 8/a Bft 8 / 4 Houston 9/2 Indian Refining.. .. • - .*/• ‘{fo, Ohio Oil , 10ft . i°ft 10ft 10ft Mex Sbd 15 14ft lo 18/ Mid Conti Pr Oil & Gas.... 12 lift 12 11,4 Pure Oil Bft Bft = ' Richfield ..... 1* ,1 '♦ -ii 4 2 7ft Roval Dutch.... 2bft 26 * 2b 27,2 Shell Un 6% 6ft % 6,* Sinclair HV4 ll,s U% Standard of Cai 39‘i 38ft 39'/4 39 Standard of N J 40ft 39ft 4040 .* Standard of N Y 9ft 9% 19-a 19/ 125a w 24ft g*-,. Union Oil 18 1‘ 1,4 1 Bethlehem 41% 41st 41A .42.2 Byers AM 33 32 23/4 22 8 Colo Fuel 4Q Cruc Steel 153/Midland L,. 8 S ".V 92ft *9i% 91% 93 5 , Van S ad?um .... 28ft 27V. 28 29ft Youngst S & T •• ••• Tobaccos — - Am To Ü b m B T new 122 iaiVfc 121st 122 ft General Cigar,. 7334 LorllUrd Mye "..® 19ft 19 1 / 4 ir ’ 8 Mribbv:::: ::: so united" c®g ‘4% '** 474 4 ’ 2 Utilities— 41/ Abltlbl 48 45* Adams Exp •• •„/ •Ags/. 31 Am For Pwr ... 30>,2 29 29.s at Am Pwr &l' “'irfi'i, 17s 176V* Cocoas 31st % \ V ii om py,T i°Li:::: &Z 4§ /4 M ?n e u t a & a t ‘:::: 36 ’im 2?v 30% Natl Pwt & Li.. 26’/* 25V* 2a 7 / 26ft No C . 69ft 68ft 68ft 69ft Pac Gas & El L'i 8 Pub Ser N J.... .. fl So Cal Edison... 43V* 43 43 43/* Std G& El 64ft 64V* 64 * 65 United Corp 23ft 23ft 23ft 23/? Ut Pwr * L A.. 23ft 23',* 23/* 23 /2 West Union U 7 lla Am*' I1"C 0 r p... 15 14% 14ft 15V* Foods— 57V Am Sug •"A 2 Armour A * Beechnut Pkg... •• -- 83,* ... Cal Pkg 24 23ft 24 23,* Cap Dry 38ft 38,2 38/2 ... Childs CO-. • ••• -ilLj Coca Cola l 47 ft l 4 ‘ J 7? Cont Baking A -ia., Corn Prod 67ft 677* Cudahy Pkg .. •• • fg /8 Gen Foods 52 51 51 S3 Grand Union ••• I® /2 .if' 8 Hershev 100% 100 100 101 Kroeer XCa V 32Vi *32 '32 32ft Nat Biscuit.... 60ft 60 ft 60ft 60ft Pillsburv 57 '* Purity 8ak.... • ■ • • •,. iJy Safeway 5t.... 66 64ft 65ft 66^2 Std Brands 19Vi 19 19 Ward 8/2 Drugs— Cotv Inc -X,v ij, Lambert Cos. 69 % S?,/ Lehn & Fink /s Industrials — ~3 / ,774 Am Radiator.... 12 1 * 12ft 12 ,4 1* A Certainteed ... •. 22V1 Gen Asphalt 7 S9I 4 Otis 39 /4 39/4 Indus Chems — . Com d S?lv e ” 1 .. V. Union Carb ... 52V* 51.* 51 2 S3 A U S Xnd 30 % 31 Retail Stores .... onai 01 Assoc Dry Gds.. 20ft 20V. 20 8 21 R S 28 "s 28 28 ft 58 ft ml 111 Sears 4 Ro^ et ..®!:: 58ft ’57 58 1 * 4 58% Woolworth 71% 70Vi 70ft 73 ft Amusements — „ Bruns 0

Produce Markets

Errs (country run)—Loss ofl delivered In Indianapolis. i2c: benerv aualitv No. 1. 14 pbuUrv “'(buying prices)—Hens welßhlnß <> nr ovpr 17c: under 5 lbs., nc, Leghorn hens. 13c: 1930 1 broilers fulll feathered 3*2 lbs and up. 23c: under 21c. bareback. 12c: Leghorn broilers. 18c; ducks. 9c: old cocks B®9c; ducks, full feathered, fat whites 9c: seese. 6c. These prices are for No. 1 ton aualitv. auoted bv Kiuean (wholesale) —No. 1. 27®28c: No. 2. 25®26c. Cheese* at 7whoiesale selling price per pound) —American loaf. 2 ? 4C , , O .P ’i^nl 0 loaf 25 3 c: Wisconsin firsts. 19c Longhorns. 19c: New York limberger. 30c. Bv United Press new YORK. Aug. 17. — Potatoes — Market, steady; Long Wand s2® 260 per barrel; New Jersey, $2®2.22 per basket. Sweet potatoes—Market, quiet; southern baskets. 25c(u51.50; southern barrels. $3.50. Flour— Market, quiet and steady: spring patents. $4.20@4 50. Pork—Market, steady; mess. $21.75. Lard—Market, firmer; middle west spot. .076®.077c. Tallow-Mar-ket. quiet; special to extra. .02 s s®.o2'c. Dressed poultry—Market, steady: turkeys, 25fa 50c; chickens. 22@42c; capons, broilers. 26(.i41c; fowls. 12@27c; Long Island ducks, 13 fa 18c. Live poultry—Market, steady; geese. 10fal2c; ducks, 12®21c; fowls. 17 *4 25c; turkeys. 12©25c: roosters. 13c; broilers. 21 fa 29c. Cheese—Market. quiet; state whole milk, fancy to special. 14 >2© 23c; Young America fresh. la 1 2@16c. Bv United Press CHICAGO. Aug. 17.—Eggs—Market, weak- Receipts. 14.938 tubs; extra firsts, firsts. 18‘2C; current receipts, 14@16'2c; seconds. 12®13V.c. Butter— Market, firm; receipts. 9,825 cases; extras. 28*20; extra firsts 26 1 2<5£27*2C: firsts, -.4® 25'ac; seconds. 22®23c; standards. 28c. Poultry—Market, unsettled; receipts. 3 cars; fowls. 18'jfa20c; springers. 22026 c: Leghorns 15c; ducks. 14®17c: geese. 14c: turkeys. Isfalßc: roosters. 12@12‘2c; broilers (2 lbs). 20fa24c: broilers (under 2 lbs.). 20fa21c; Leghorn broilers. 18® 18'jc. Cheese—Twins 14'.a©144c; Young Americans. 1144@15 s ic. Potatoes—On track. 267; arrivals. 135: shipments 490: market, weak: Idaho Russets. $1.50fa2: triumphs. $1.7501.85; Missouri cobblers. 90c fa $1; Nebraska. Wisconsin Cobblers. $14501.55. Colorado Round Whites, $1.55. Bv United Press CINCINNATI. 0.. Aug. 17.—ButterHigher; creamery in tub lots according to score, 25fa27c; common score discounted, 2i.i3c: packing stock No. 1. 20c; No. 2. 17c: No. 3.12 c: butterfat. 25®27c. Eggs— Steady: cases included: extra firsts. 2lV4c; firsts. 16c: seconds. 12‘ic; nearby ungraded.l7c. Live poultry—Thin and coarse stock sell only at heavy discount: fowls. 5 lbs. and over. 20c; 4 lbs. and over. 20c: 3 lbs. and over. 18c: Leghorn, 3 lbs. and over, 14c; roosters. 11c; broilers, colored, 1 -lb. and -r, 20c; lVa lbs. and over. 21c: 2 lbs. and over, 21e; fryers, 3 lbs. and over. 2, ~ partly feathered. 15fa20c; Leghorn broilers. 1 lb. and over. 20c; l 1 * lbs. and over. 20e; 2 lbs. and over. 21c; black springers. 20c. Bv United Press CLEVELAND. Aug. 17.—Butter—Extras. 32 l ic: standards. 32c: market, steady. Eggs—Extras, 23*4c; firsts. 16’i® 17 1 .ic; ordinary firsts. 14!jc: market, weak. Poultry—Heavy fowls. 22fa23c; medium. 22c; Leghorn. 15@18c; heavy broilers. 23026 c; light broilers. 17@21c: ducks. 12®18c; old cocks. 12014 c; young geese. 15c. Potatoes—Virginia Cobblers, mostly $2 75; tew. $2.65; Maryland Commblers, 100 lbs.. si.sofail.6o; New Jersey Cobblers, mostly $2.50(32.60.

Col Graph aft Crosley Radio 6 Eastman Kod ..146 144 144 145 ft Fox Film A .... 14ft 13ft 13ft 14ft Grigsby Gru 3ft 3ft feoe* 8 Lac 48 ft 47 Vi 44 ft 49 Param Pam .... 24% 24 24% 24ft Corp 20% 19ft 19ft 21 5r' K *° l 4*% 74 74,4 7 5% Warner Bros ... Bft Bft Bft Bft Miscellaneous— Congoleum 14 13% 13ft 14 r£,t C £ n 9 6ft 94V* 84ft 97ft Cont Can 405,. Wr 3 ft 3ft 3ft 3% sra*“.v.: % Arcft 29ft 28ft 28ft 30A Int Harv 38% 38 38 38V*

Dow-Jones Summary

National Steel Corporation declared a regular quarterly dividend of 50 cents, payable Sept. 10, of record Aug. 31. Detroit Edison in twelve months ended July 31, earned $8.83 a share, against *9.77 in previous twelve months. Steel mill operations in Youngstown district 1 per cent above last week at 43 per cent of capacity. Empire Steel Corporation July operating profit. $7,243 agalnsst SB,OOO in June. Duplan Silk year ended May 31. net $2 on 35,501 8 per cent preferred shares. Year ago earned $2.56 on 350,000 common shares. Super Maid Corporation first half loss amounted to $156,290 after charges, against earnings of 78 cents a year ago. California crude oil production averaged 513,000 barrels daily during week ended Aug. 15, an increase of 7,100 barrels over preceding week, but a decline of 105,950 barrels from corresponding 1930 week, according to California Oil World estimate. Stocks of crude rubber in London on Aug. 15 totaled 82,171 tons, an Increase of 460 tons over preceding week. Liverpool stocks totaled 54.907 tons, a decrease of 430 tons from preceding week. . o l i e^,X? rJc cal ? les opened in London at 3 "1 6, against 4.85 ft; Paris checks 123.95; Amsterdam. 12.045; Italy, 92.85; Berlin. 20.50. - 'I ewe . 1 . Tea . tw enty-eight weeks to July 11, net $2.81 on common stock, against $3.17 in like 1930 period. International Continental Rubber first half loss $154,714 after depreciation, inventory adjustment, etc., against loss of $91,273 a year ago. July mileage 1.030.903. gainst 1,003,743 in June. Passengers 6,215, against 4.644. Treasury offers $60,000,000 ninety-day bills dated Aug. 24, on discount basis.

New York Curb Market

(By Thomson & McKinnon) —Aug. 17— 11 ;30.| 11:30. Alu Cos of Am. 128ftiMead Johnson.. 78 Am Cynamid .. Bft!Midwest Ut ... 17V, Am Gas & Elec 67 |Nat Fam Stores 2 Ark Gas A ... 3%|Nat Inv sft Ass Gas & El A 12 VP Nat Pub Ser A 18 V. Braz Pwr & Lt 177/alNewmont Min.. 26% Cent Sts Elec.. 7 Wia Hud Pwr.. 10>/ 2 Cities Serv .. 9%!Penroad s>/* Cons Gas Balt. 90% St Regis Paper. 12% Cord 8 fSel Indus 2% Elec Bnd Sh .. 38ftiSo Union Gas.. 6% Ford of Eng .. ll’AlStd of Ind 26>/ Fox Thea ...... 2%lTrans Air Trans sft Goldman Sachs s%'Un Gas 6% Gulf Oil 64 lUn Lt & Pwr.. 20% Humble Oil ... 4%!Ut Pwr B .... BV* Imp Oil of Can 13ft|Vacuum Oil ... 48% Int Pete 12%IUnited Fndrs .. 4 7 /*

Net Changes

By United Press NEW YORK, Aug. 15.—Closing prices and net changes on principal issues traded on the New York Stock Exchange today: American Can 9754 American Telephone 176% 2ft Beth Steel 42& 1% Bvers. A M 33ft 2 Case. J. 1 68 5 Chrysler 24% ft Consolidated Gas gg% is/* Electric Power 40% s/„ Fox Film (A) ’ 14% ft General Electric 42% ft International Telephone 30% % Loew’s, Inc 49 \ Lorillard 1954 y. National Biscuit 60% Ift New York Central 74% 1% North American 69ft l’ Pennsylvania R R .7 42% ft Radio 21 ft Sears Roebuck 58% % Standard Gas & Electric 65 1% Standard Oil. New Jersey 40ft ft Union Carbide 52% 1 United Aircraft 30% IV* u. s. steel ::::::::: 93 1% Westinghouse Electric 65ft ft Woolworth 72% 1% Worthington Pump 47ft 1

Local Wagon Wheat

City grain elevators are paving 37c for No. 2 hard wheat and 36c for No. 2 red wheat.

Investment Trust Shares

<Bv Gibson & Bernard) PRICES ARE TO 12 NOON C. S. T. —Aug. 17— . _ Bid. Ask. Amer Found’s Corp com % % Am & Gen Sec A 12 Am Inv Trust shares 4ft 5 Basic Industry shares 4ft sft Corporate Trust shares 4ft 5 Cumulative Trust shares 6% 6ft Diversified Trustee shares A.. 14% First American Corp 674 7% Fixed Trust Oil shares 4 Fixed Trust shares A 12ft ... Inv Trust N Y 6% 7% Leaders of Industry series A 6% ... Low priced shares 67* 7% N? ion Wide Securities 5% 6% Ni tonal Industry shares 474 5% N ,im Trust shares 4ft 5 Sel Am shares 4% 4% Shawmut Bank Inv Trust... 7ft 9 Universal Trust shares 4% sft Super Corp of Am Trust sh Asst 6‘4 Fundamental Trust shares A.. 6>4 6% Fundamental Trust shares 8.. 6% 674 U S Elec Light & Pwr A 28ft 30 ? )L Other LivesiocK By United Press TOLEDO. Aug. 17.—Hogs—Receipts. 100; market, steady; heavies. [email protected]; mediums. $7.10®7.35; yorkers, [email protected]; pigs, 7®7.25. Cattle—Receipts, light; market, steady: calves, receipts, light; market, steady. Sheep—Receipts, light; market, steady. IJ. s[ FOREIGN TRADE AT BOTTOM LEVELS Exports Show Drop of 7 Per Cent During Second Quarter. By United Press WASHINGTON, Aug. 17.—Value of United States foreign trade fell to the lowest level in recent years during the second quarter of this year ending June 30, a commerce department summary revealed today. Exports for the quarter were valued at $606,000,000 and imports at $592,000,000, leaving a so-called “favorable trade balance” of $67,000,000. Exports and imports for this quarter compared with totals of $710,000,000 and $698,000,000, respectively, for the first quarter of this year. The department explained that imports showed about the normal seasonal decrease but that the export index, when adjusted for seasonal variation, was 7 per cent less than in the first quarter.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New York Curb Association Rooms 200-214 Circle Tower Telephone Lincoln SMI

THE INDIANAPOLIS TIMES

STOCK SHARES DECLINE WITH STEELJ LEAD Toledo Bank Situation Is Cause of Selling in Many Issues.

Average Stock Prices

Average of thirty industrials for Saturday was 145 80. ud 1.65. Average of twenty rails was 71.67. up. .85. Average of twenty utilities was 59.05. up .84. Average of forty bonds was 93.41. off .18. BY ELMER C. VVALZER United Press Financial Editor NEW YORK, Aug. 17.—The stock market today resumed its decline interrupted by last week’s technical recovery. Opening levels representing losses of fractions to 2 points around noon the whole list was down around noon the while list was down 1 to 5 points. Steel common, which last week led the recovery, was ahead in the decline. It broke to 90%, off 2%. American Can, another strong spot last week, broke 3 points to 94%. Radio Corporation was driven to 19%, off 1%; Bethlehem Steel 40%, off 1%; Case 62%, off s!*; Dupont 87, off 2%; American Telephone 172%, off 4%, and International Telephone 29, off 1%. Bank Failures a Factor Electric Autolite was a weak feature, dropping to 39%, off 4% points. Early selling in the issue was based on reports the company had the major portion of its cash reserve in Toledo banks, which were closed today. This was denied by C. O. Mininger, president, who said only a small portion of the $2,200,000 cash of the company was in the closed institutions. Following Mininger’s statement, the stock rallied to 41%, wnsre it was still off 2% points net. The Toledo bank situation was a factor in the selling on the Stock Exchange. Three major banks with resources of $100,294,212 and deposits of $79,923,966 failed to open their doors this morning and were taken over by the state department of banks following heavy withdrawals. Selling was resumed in the railroad shares, where Union Pacific was down to 146, off 3; Southern Pacific 74, off 3; Atchison 142, off 2%, and New York Central 71%. off 3%. Motors Sell Down Railroad equipments continued under pressure with General American Tank at 57, off 1%, and Pullman, 30, off 1. Chrysler and General Motors each lost a point in the motor division where Auburn was driven down 7% points to 140. Johns Manville dropped nearly 3 points to 51 % and Allied Chemical, 4 to 114%. Air reduction was another weak spot, losing 3Vi to 80%. Even the oil shares, which had been firm in early trading, turned down with the main body of stocks. Around noon the whole group was down fractionally. Alaska Juneau was a strong spot, running against the trend in heavy ■turnover.

Bank Clearings

INDIANAPOLIS STATEMENT . —Aug. 17 — C nhfc? SS $2,508,000.00 Dewts 5,817.000.00 CHICAGO STATEMENT . —Aug. 17— Clearings s47,Roo.fK>n on Balances 1.900.000.00 TREASURY STATEMENT XT-. TANARUS, , - —Aug. 17— S®* ance f° r Aug. 14....5128,765.663.46 Expenditures 12 177 138 13 Customs rects month to' date 17.746’,556.69 Chicago Grain Range —Aug. 17WHEAT— Prev ■w Sjf h - w - 77 :0O close. S-J” 50% .50 .50 ,UU Dec 54 .53% .53% 53% 7ar 56ft .56’/ 2 .56ft .56% CORN- 58 *** - 58 Va • 58 ’/ i - 53 Sect 46% .45% .46% 46% Dec 4074 .39ft .40% .40 Mar .4274 m oatsH 44 '* ,441/2 • 44 ' i - 44,/2 Sect 22 ft .2174 Dec 24 23 7 £ M rye— 26 '* ■ 26Vx - 261 ' 2 - 2 ®' 4 Sept 3474 .3474 .34% .3474 fee 38% .38 .38 ,38% Sept 7.60 7.50 Oct 7.50 7.40 Dec 6.80 6.77 6.77 6.65 By Times Special .CHICAGO. Aug. 17.—Carlots: Wheat. 5.67; corn. 67; oats. 108; rve. 1. and barley. 10. Chicago Stocks Opening (By James T. Hamill & Cos.) —Aug. 17— Bendix Avia... 22%[Gt Lks Arcft.. 4 I Borg Warner.. 20%ilnsull Com 28% Cent So West. 1674 !N Am P & L... 687* Cord Corp ... 8 I Sbd Utilities .. 3 Cont Chi Com.. 4741 Swift & Cos 2574 Grigsby Gru.. 3ftlU S Rad & Tel 33

New York Liberty Bonds —Aug. 15— Sfts 102.11 Ist 4V*S 103 2 4th 4%s 104.26 Treasury 4s 108.9 Treasury 374s of ’43 102.25 MOTION PICTURES I We Admit It! 1 1 The Week’s Big Hit Is— FEATUeiMC • CLARK CABLE f MADGE EVANS TORRENCE i-4in.r.i.-HARm ai in FIRST full length comedy jjj “Pardon Us”

BELIEVE IT or NOT

¥ z4 #rj: cVv |t>’ J WiNiKF R jtsso : ; 6e!ieve t°r Not § v if %\ f ; CONTEST | ' V j fj "'ll' ' ': ¥m rmmt! wj* "William fI?P//ERSotf, ot fonsas o ty.Mb wms , ~°l Camden, NJ. CAM REAP WlTrt H\S TONGUE WITHOUT REPAIR R g V -——°. R * ,- X j

Following i s the explanation of Ripley’s “Believe It or Not” which in Saturday’s Times: The Last Mile —Being married on Monday, jailed on Tuesday, bonded on Wednesday, indicted on Thursday, dead on Friday, and buried on Saturday was the luck of Alfred Tamborine, as recorder in Tuscumbia, Ala., May, 1930. This eventful stretch of biography was revealed in the records of circuit court when an indictment against Tamborine was stricken from the docket. The indictment was returned by the grand jury, but before the papers could be served he was seized with sudden illness and died, being buried the next afternoon. Tuesday—“ The Mosque of the Camel.’*

MOTION PICTURES

ii2ts New Fall Hit | 1/ UIIML M I No. 4, with the ai I |yj §ij ! glorious cast I lEM § 'if I from “Tom 8 F"v n* E Sawyer.” s INDIANA If fj

When 5 Days of living Ims.' i Grrta_Xbwn__ | (SHIP SATURDAY—Another Sensational Hit! “STAR WITNESS” j with WALTER HUSTON Sally Blaine—(Chic) Sale* The Year’s Epic Screen Triumph |

AGAIN—WE ARE FORCED TO APOLOGIZE—To the many who were turned away or forced to stand Saturday and Sunday. We will do our utmost to accommodate you during the remaining days of the engagement - APOLLO THEATRE MANAGEMENT. N JANET GAYNOB lBBtoßs. t Wk A fr. E CHARLES FARRELL FREE x —in— auto liMlilifTi ft T "MERELY MARY ANN 1 * PARK Ik

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

SUSPEND POLICE HERO Cop, Lauded for Bravery, Accused of Assault and Battery. By United Press NEW YORK, Aug. 17.—Joseph Kavanaugh, policeman commended for bravery recently, has been suspended following arrest on a charge of assault and battery. Kavanaugh was arrested with William Buell on the complaint of William Sullivan who charged they robbed him of $75 cash and SB9 in checks. Last Friday Kavanaugh was commended for bravery in arresting three robbers. Because of this and his otherwise good record he was released on SI,OOO bail pending hearing today.

You’ve NEVER seen a CLIVE BROOK performance like this! mmt s A Para mount 111 iiew-season pro- jm i* (luction starting 111 if Friday at the— I | CIRCLE J

mj Kespiterefi O. K. JJ V i ateDt Otfic# RIPLEY

New York Bank Stocks

(By Thomson & McKinnon) —Aug. 15— Bid. Ask. America 41st 44'ft Bankers 91% 94 V* Brooklyn Trust 360 375 Central Hanover 210 215 Chest: National 63 ft 66 ft Chatham Phoenix Natl 59ft 62ft Chemical 46ft 4874 City National 81 84 Corn Exchange 96 100 'Commercial 240 250 Continental 23ft 26V* Empire 4574 4874 First National 3.440 3,640 Guaranty 453 457 Irving 32 34 Manhatten & Cos 63 ft 65 ft Manufacturers 44 46 New York Trust 140 145 Public 46% 49 V*

REGULAR PRICES! if 25c 35c 50c trwk r™Jl in Paramount's super-epic of _ W love, laughs and lingerie— tfja VS SMI LING f I LIEUTENANT" ft I PRODUCTION WITH ERNST LUBITSCH V \ R Claudette Colbert Charles Ruggles Miriam Hopkins m NEVER such crowds! NEVER such praise!— And thousands say. “NEVER such a picture!” AMUSEMENTS Grape == Nu Icy == i CUSTOMERS’ PICNIC Admission Free Riverside Amusement Park Come Early Gates Open 9 A. M. Morning, Afternoon, Evening 10 A. M.—ll P. M. WEDNESDAY, AUG. 19 with each Bottle Cap entitles holder to ride on following: Thriller, Flash,''Canals ~ of Venice, Mill Chutes, W hip, Merry-Go-J& Round, Aero Swing, Castle, Haunted House and Pretzel. A PRIZE FOR EVERYONE l=7Vu

WHEAT MOVES UP ON STRONG FOREIGN NEWS Crops Damage in Europe Is Supporting Factor in Upturn. BY HAROLD E. RAINVILLE United Pres* Stiff Correspondent CHICAGO, Aug. 17.—Unexpected strength abroad lifted wheat prices fractionally on the Board of Trade today with the deferred deliveries showing the most strength. Wet European weather and the Russian abandoning of the rations system report gave Liverpool its firmness. There also was a broader demand. The local market advanced rather unevenly. Com was up with wheat except September which was uneven under further selling paessure. Oats rose with wheat. Opening Is Higher At the opening wheat was % to % cent higher, corn was % cent lower to % cent higher and oats were % to % cent higher. Provisions were strong and active. Liverpool was much higher than expected and at mid-afternoon held a % to 1 cent advance. Crop damage in Europe and prospects for an increased export demand together with the probability of Russia ceasing to export wheat to Europe are supporting features in the wheat market and are inclining traders to buy on recessions. Operators are looking for another good increase in the visible supply. The domestic milling demand is improving. Export prices at the gulf are firming. Corn in Better Shape The recent liquidation in September corn is apparently putting that grain in better shape. Corn at 40 cents per bushel is cheaper than coal and there has been much talk of using it as a fuel this winter. The belt experienced a warm, dry Sunday. The recent government report is giving oats a fairly strong tone as a material reduction in the crop is expected. From time to time, the market is influenced by the actions in the other pits but trade is inclined to be quiet.

AMUSEMENTS

ENGLISH!!®!*! GIRLS! It’s TOUR week at this Casey hit! Your feminine hearts will flutter wildly over the combat between Love and Crime! Edgar Wallace Melodrama with DONALD WOODS, FRANCES DALE. Yvonne Stebblns, Milton Byron NEXT SUN.—JUDITH LOWRY as guest star in “SKIDDING.”

MOTION PICTURES

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