Indianapolis Times, Volume 43, Number 96, Indianapolis, Marion County, 31 August 1931 — Page 12

PAGE 12

STOCK SHIRES SENT DOWN BY BEAR ATTACKS Pressure on Leaders Forces Entire List to Lower Levels.

Average Stock Prices

Average of thirty Industrial* for Saturday *u 142.08, up 1.30. Average of twenty rail* was 69.02, up .67. Average of twenty utilities wa* 58.01, up .37. Average of forty bonds was 93.17, up .11, BY ELMER C. WALZER United Press Financial Editor NEW YORK, Aug. 31.—Stock prices worked gradually lower through the morning trading today as bearish professionals resumed their attacks on many of the leaders. Offsetting the bullishness engendered by the action of the list last week was the overnight announcement of a $1,100,000,000 treasury financing operation. This later development, which emphasized the adverse position of the treasury’s finances, was a signal for drives on leading stocks. At the same time, the size of the offering indicated the confidence with which the treasury views the situation. Leaders Forced Down Pressure first was apparent in leaders such as American Can, Westinghouse Electric, United States Steel, General Electric and J. I. Case and later spread to other sections of the list. Trading showed only a small increase over recent levels, however, and there was little significance in the early movements. A few weak spots were uncovered in the lower priced issues, notably Montgomery Ward, which fell a point on heavy trading. Alaska Juneau broke sharply on reports # of suspension of pool activities. Another source of weakness in this issue was the widespread adverse comment on the stock by several brokerage houses. The one bright spot in the morning trading was the amusement group, which, incidentally, was subjected to considerable distribution. , This was apparent in Warner Brothers, following its sharp runup of last week. Interests who accumulated the stock around the $7 level, were sellers today around $lO. Both Loew’s, Inc., and Radio-Keith held firm around previous levels. Copper Shares Weak Group movements were not well defined in other sections of the list, the whole market giving way gradually under the steady press of liquidation. Rails were slow in ! making their appearance on the tape, but sold at lower levels, unties, which led up last week by American Telephone, declined un-: der the same leadrships, Telephone | losing nearly three points at one! time. Foreign power was steady,; although its senior preferred issue sold at anew low for the year and j its 5 per cent bonds equaled their: record low. Coppers failed to continue theirj improvement of last week following better demands for the metal, and most of the bullish enthusiasm for the oils was absent in absence of news from the industry.

Bank Clearings

INDIANAPOLIS STATEMENT —Aug. 31 — Cleavings $ 2,196,000.00 Debits 5,240,000.00 Clearings lor month 65,290,000.00 Debits lor month 142,180,000.00 CHICAGO STATEMENT —Aug. 31 — Clearings $43,800,000.00 Balances 2,900,000.00 TREASURY STATEMENT —Aug. 31— Net. balance lor Aug. 28 $144,183,911.12 Expenditures 6,756,947.85 Customs rect. mo. to date.. 35,193,101.18

New York Bank Stocks

(By Thomson & McKinnon) —Aug. 29 — Bid. Ask. America 40 43 Bankers 90 93 Brooklyn Trust 345 355 Central Hanover 205 209 Chose National 60 .63 Chatham Phoenix Natl .... 50'i 53’/a Chemical 44 * 46 City National 78' * 81 Vi | Corn Exchange 94 98 Commercial 203 238 Continental 24 27 Empire 42 45 First National 3.385 3,585 Guaranty 445 450 Irving 30 32 Manhattan & Cos 60 63 Manufacturers 45% 47% New York Trust 134 139 Public 41 44

Net Changes

By United Press NEW YORK, Aug. 29.—Closing i prices and net changes on principal stocks traded today on the New York Stock Exchange follow; Up. Off. American Can 94% 1 Am and Foreign Power 29'* % ... American Smelting 31 s , % ... American Telephone 173% 2% ... Atchison 137 s * 1% ... Bethlehem Steel 41% % ... Case 65 1% ... Chrysler 22% % ... Consolidated Gas 95% IV* ... Electric Power 40% * ... Fox Film (A) 14% \ ... General Electric 41% % ... General Motors 36% % ... International Nickel 13 s , % ... International Telephone .. 28% % ... Loews. Inc 50% % ... New York Central 71% 1 Paramount 25% % ... Pennsylvania 40 % ... Radio 20% 'i ... Sears Roebuck (unchanged) 57 Sinclair 11% % ... Standard Oil. Cal 41% % ... Standard Oil of N. J 40’, V* ... Socony-Vacuum 19 s * ... Vi Texas Corporation (unch.) 27 United Corporation 23 % ... U. S. Steel 90% 1-S ... Westinghouse 65% 1 ... Worthington Pumn 46% % ...

New York Curb Market

<Bv Thomson & McKinnon) —Aug. 31— 11:301 11:30 Al Cos of Am... 130 Int Pete 12% Am Cvnamld... 7% Midwest Ut 16% Am G & Elec.. 67 s * Nat Pu Serv A. 18 s * Am Sup Pwr.. 11% Nia Hud Pwr... 10 s * Ark Gas A.... 4% Shenandoah ... 4 Braz P & Lt... 16% So Penn Oil 18% Cent Sts Elec. 6% So Union Gas.. 6% Ciites Serv ... 10% Std of Ind 26% Cord 7% Un Gas 16 Ford of Can.. 19% Un Lt <Sr Pwr... 19% Goldman Sachs 5 !Ut <& Indus 5% Humble Oil 65 Ut Pwr B 8% Imp OH of Can. 13%!United Fndrs... 4%

Local Wagon Wheat

Citv train elevators are caving S6c lor No. 3 red wheat and 35c for No. 3 hard wheat State Cop's Cycle Stolen By Patted Press HYANNIS, Mass., Aug. 31.—Returning to his barracks after a day on duty, State Trooper Orville Westley reported that somebody had stolen his motorcycle.

New York Stocks " " 'Bv Thomson At McKinnon 1

* —Aug. 31— Prey. Railroad*— High. Low. Close, close. Atchison 139'/ 136’* 136’* 137% Balt Ac 0hi0.... 46 45** 45 s * 48 iChesa Ac 0hi0... 36 35 5 . 35 5 . 36 Chesa Corp 35 ... Chi N West 24% C H I ft P 38 s . Dei L & W 51 ... Erie l*/< Erie lsff pfd 25 Great Northern ... 35 Illinois Central. 38'.* 38 s * U K ft T 11% Mo Pacific 18% 18 Mo Pacific pfd 52V a N Y Central 71'/a Nor Pacific 34 Norfolk Ac West 16% Pennsylvania .. 39 5 . 39'* 39 s . 40 So Pacific 72'* 73 U Southern Rv 26 St Paul pfd 8 8 Union Pacific 144 143% Wabash 9 9% W Maryland 12V. West Pacific 6% Equipments— Am Car Ac Fdv 15% Am Steel Fd 15 General. Elec .. 41% 40% 41% 41% Pullman 30 Westngh At B 23% Westingh Elec... 65% 64% 64% 65% Rubbers— Goodrich ... 12% 12'4 Keilv Sprgfld 2 Motors— Auburn 139 137 137 139 Chrysler 22% 22% 22% 22 s * General Motors.. 36 s * 36% 36% 36% Hudson 13% Hupp 7 Nash 25% Packard 6% Reo 5% Studebaker 17 Yellow Truck .. 7% 7% 7 s * 7% Motor Access— Bendlx Aviation. 23% Briggs 13% 13 V* Campbell Wy 12 s * Eaton 13% 13 s /* Houda 6% 6% 6% 6% Sparks W 6% Slewart Warner. .. ... 11 10% Mining— Am Metals 11% Am Smelt 31% 31% Anaconda Cop.. 25 24% 24% 25% Cal Ac Hecla 6Vs Cal Ac Ariz 38 Cerro de Pasco 15% Dome Mines ... 12% 11% 11% 12Vs Freeport Texas 27 27 Great Nor Ore.. 19 Howe Sound 19% Int Nickel 13% 13 13% 13% Inspiration 6% Kennecott Cop.. 17% 17% 17% 17% Magma Cop ... ... 15% Nev Cons 8% 8% Texas Gul Sul 35% 35% Oils—

Amerada 18% 18% 18% 18 Atl Refining 17 16% 16% 17 Barnsdall 8% 8% ludian Refining 3Va Ohio Oil 11% 11% 11% 12 Mex Seaboard 14% 14% Mid Conti 10% 10 10 10% Phillips 91% 9 s /* Pure Oil 9 9% Richfield 1% IV2 Royal Dutch 24% 24Vi 24 % 25 Shell Un 6% 6 Sinclair 11% 11% 11% 11% Skelly 7% 7% 7% ... Standard of Cal. 41% 41 41% 41% Standard of NJ4I Vs 40% 40 40% s *40% goc Vac 19Va 19% 19% 19% Texas Cos 27 Union, Oil 17% 17% btce.s— Bethlehem 41% 40% 40% 41% Byers AM 32% 32 32 32% Inland 40 Ludlum 12 Midland . iisi Newton 8 1 Repub I & S 13V* U S Steel 89% 88% 89 90% Vanadium 29 28 28% 28% Youngst S & W 16 Tobaccos— Am Sumatra SV2 Am Tob Anew .108 * Am Tob B new..1136 113 113 112% Lig Ac Myers B 68 67% Lorillard 17% • 16% 17 Phil Morris 1i 5 l Reynolds Tob 49% 49 Tob Pr B ' 31/United Cig 41® Utilities— 8 Am For Pwr ... 29V* 28% 28% 29% Am Pwr & LI 35% AT&T 172% 171% 172 i72% Col Gas & E 1... 30% 30% 30% 30% Com & Sou ay: lEI Pwr & Li.... 40% 39% 39% 40% 1 Gen Gas A ... 43/ 45* Inti TANARUS& T 29% 28% 28% 28% Natl Pwr & Li.. 25V4 24% 24% 25 No Amer Cos 69% 70 Pac Gas & El ... 46 4fi Pub Ser N J.... 81% 81 81 81% So Cal Edison... 44% 44’A 44% 44% Std G& El .... N ... . * 1 United Corp 23% 22% 22% 23 Ut Pwr & L A.. 23% 23% 23% 23% Shipping— Am Inti Corp 14 N Y Ship I '’ ’ Inti Mer M pfd ' No Gm Lloyd... 15% i5 15% *” United Fruit 55% *55% roods— Am Sur 55 Armour A Cal Pkg 23% 23 '23 ... Childs Cos ... . 19'/. Coca Cola ... .. ’ 146'/Cont Baking A.. 12% 12% 12% 12% Corn Prod Cuban Am Sug 4 Gen Foods 51 50% 50% 51 Grand Union .. 16% 16% 16% ... Nat R Biscuit'::'. iU* Pillsburv ... 28 28 Purity Bak 23% 23 23 24% i?i e^ av f* 67 65% 65% 66% Std Brands 19% iqi£ Drugs— Cotv Inc 71/ Lambert Cos .... 09 Vi 69 69% 69 ‘ Industrials— Am Radiator ... 12% 12% 12% 12% Gen Asphalt ... 22V* 22 22 22 Otis Elev 37% Indus Chems— Allied Chem 114 113 113'* 113% Com Soiv 17% 17V* 17V* 17% Union Carb .... 52 51V* 51% 51% U S Ind Alco.. 34% 34Vt 34% 34% Retail Stores— Assoc Dry Gds 19% Gimbel Bros ... ... 5 Kresge SS 5 Kresge S S 27% 27% 27% 28% May D Store 33 33 Mont Ward 21% 20% 20% 21% Penny J C 43% 43% 43% 43 Va Schulte Ret St 6% 5% Sears Roe 57 56% 57 57 Woolworth 70% 70% 70% 70% Amusements— Bruns Balke 8 Col Graph ... ... 8 Eastman Kod ..144% 144 144 144% Fox Film A .... 15% 14% 14% 14% Grigsby Gru 3% Loews Inc 50% 50 50 50% Param Fam .... 25% 25 25 25% Radio Corp .... 20% 20 20% 20% R-K-O 15V* 15% 15 Vs 15% Schubert 2% Warner Bros ... 10'/* 9% 10 10 Miscellaneous— Airway App 334 City Ice & Fu 30

Produce Markets

Eggs (country rum—Loss oft delivered in Indianapolis 12C: henerv duality No. 1. 14c: Mo. 2. 9c. Poultry (buying prices)—Hens weighing 5 lbs. or over. 17c: under 5 lbs., 17c; Leghorn hens. 13c: 1930 broilers, full feathered SVa lbs. and up. 23c: under 21c: bareback. 12c: Leghorn broilers. 18c: Spring chickens. 5 lbs. and over. 24c: 4 lbs. „nd over. 21c: under 4 lbs.. 19c; ducks, 9c: old cocks B©9c: ducks, full feathered, fat whites. 9c: eeese. 6c. These prices ere for No. 1 top aualitv. Quoted bv Kin£M 6 Cos. Butter (wholesale)—lo l 27@28c: No. 2 25© 26c. Butt-.-rfat—2Bc. Cheese (wholesale selling price per pound (—American loaf. 23%c: pimento ioaf. 25%c: Wisconsin firsts. 19c: Longhorns. 19c: New York llmberger. 30c By United Press NEW YORK. Aug. 31. —Potatoes—Dull and weak: Long Island. *[email protected] barrel; New Jersey. [email protected] basket. Sweet potatoes—Quiet and weak: Jersey baskets, $1.35©1.75; Southern barrels. $14(2.25; Southern baskets. 75c@$2. Flour—Quiet and steadv: spring patents. 54.15@>4.50. Pork—Steady; mess. *2l. Lard—Firm; midwest spot. 076®.077c. Tallow—Quiet: special to extra. ,02%@.02%c. Dressed poultry—Quiet: turkevs. 52© 53c; chickens. 21@40c: broilers. 20@42c: fowls. 12@27c: Long Island ducks, 13@18c. Live poultry —Steadv to firm: geese. 10© 12c: ducks, 12@3Sc: fowls. 15@26c; turkevs. 26@30c: roosters, 14M15c: broilers. 16©25c. Cheese —Quiet: state whole milk fancy to specials, 15%@23%c; young America. 16%© 16%c. By United Press CHICAGO. Aug. 31.—Eggs—Market, firm; receipts. 15.797 cases: extra firsts. 21c: firsts. 19@20c; current receipts. 15© 18c; seconds. 104( 14c Butter —Market, firmer: receipts. 9.943 tubs; extras. 27%c; extra firsts. 25©26c; firsts, 23©24%c; seconds. 21@22%c: standards. 26%c. Poultry— Market, weak; receipts. 4 cars: fowls. 18 ©2lc: springers, 21c: Leghorns, 15c: ducks. 14© 17c: geese. lie; turkevs. 15© 18c; roosters. 14c: broilers. 2 lbs., 17c: broilers, under 2 lbs.. 17c: Leghorn broilers. 16c. Cheese— : Twlns. 15V,@15%c: Young Americas. 15© 16c. Potatoes—On track. 297: arrivals. 102: shipments. 508: market, steadv to slightly firmer: Idaho triumphs. $1.25® 1.35: Wisconsin triumphs. $1,104(1.25: Idaho Russets. [email protected]: Wisconsin cobblers. $1.1001.20. By United Press CINCINNATI. 0., Aug. 31.—ButterLower: creamery in tub lots according to score. 24%4(26%c: common score discounted. 24(3c: packing stock, Nc. 1,10 c: No. 2,17 c; No. 3,12 c; butterlat. 25©27c. Eggs—Higher: cases Included, extra firsts, 22c; firsts. 18%c: seconds. 16%c; nearby ungraded. 18%c; live poultry; thin and coarse stock sell only at heavy discount; fowls. 5 lbs. and over, 22c: 4 lbs. and over, 21c; 3 lbs and over. 18c: Leghorns. 3 lbs. and over. 13c; roosters, lie; broilers, colored, 1 lb. and over, 19c; 1 % lbs. and over, 19c; 2 lbs. and over. 20c: fryers. 3 lbs. and over. 22c; partly feathered, 15c: Leghorn broilers, 1 lb. and over. 19e; 1% lbs. and over. 19c; 2 lbs. and over, 18c, black springers. 15c. By United Press CLEVELAND. Aug. 31.—Butter—Extras, 31 %c: standards) 30%c; market, firm. Eggs—Extras. 25' 2 c: firsts. 19c; ordinary first*. 14%c; market, firm. Poultry— Heavy fowls. 22©23c: medium. 23c; Leghorn. 15©18c; heavy broilers, 21©24c; light broilers, 16@20c; ducks. 12© 18c- old cocks. 12© 14c; market, steady. Potatoes —Ohio Cobblers, 90c© $1 per sack; New Jersey Cobblers, 12.10&2.25 per 150-lb. sack. J

Congoleum 14% 143, Am Can 93% 92% 93% 94 s , Cont Can 48 s * 4 8 i 2 Curtiss Wr ... 2 7 * 2 7 * Gillette S R .... 19% 19% 19% 19% Real Silk 6% 6% Arcft 28% 28 28V* 28% Case J I 64% 63% 64 65

The City in Brief

TUESDAY EVENTS Rotary Club luncheon, Claypool. Gyro Club luncheon, Spink-Arms. Mercator Club luncheon. Columbia Club. Purchasing Agents’ Association luncheon, Serevin. Universal Club luncheon, Columbia Club. University of Michigan Alumni luncheon, Lincoln. North Side Exchange Club luncheon, 3810 College avenue. Alliance Francaise luncheon, Spink- ! Arms. Republican Veterans of Indianapolis luncheon. Board of Trade. American Chemical luncheon, Severin. Senator Arthur R. Robinson will speak cn his recent trip to China Wednesday at the meeting of the Lions Club at the Lincoln. Plans f r the coming year were to be discussed at the monthly meeting of the Salvation Army advisory board at the Lincoln today. Marshall D. Lupton, Indianapolis Rotarian, will speak Tuesday at the meeting of the Rotary Club at the Claypool on “The Vienna Convention of Rotary International.” George B. Olive, local accountant, and J. B. Fenner, secretarytreasurer of the Prest-O-Lite Battery Corporation, will attend the annual session of the American Institute of Accountants at Philadelphia, Sept. 14 to 17. J. T. McCue, district passenger agent of the Illinois Central railroad here, will be promoted to traveling passenger agent at Pittsburgh Tuesday. He succeeds F. W. Stephenson in the eastern post. Stephenson formerly was passenger agent at Indianapolis. i “Real religion— the religion of the Master—is the performance of good acts,” Representative Louis Ludlow said in a sermon he delivered on “The Influence of Christ in Human Relations” at the services in the Bridgeport M. E. church Sunday night. Dr. Ludwig von Gerdtell of Berlin has been appointed to the Butler university faculty to teach graduate courses in church history, according to Dean Frederick D. Korshner. Dr. Von Gerdtell, who is president of the German Evangelistic Association, is a leader in German religious reform. The motion picture “Deliverance” will be shown under auspices of the Central W. C. T. U. in the gymnasium of Roberts Park M. E. church Friday night. There will be no admission charge. Blaker demonstration school of Butler university will begin classes Sept. 9. Registration has been set for Tuesday morning, Sept. 8, according to announcement by Dean William L. Richardson. ‘‘A man can gain any position in life he desires, if he is willing to sacrifice the time and work for it,” the Rev. E. P. Gates, past national secretary of the Christian Endeavor of America, told members of the Christian Men Builders class at the Third Christian church Sunday. Indianapolis Kiwanians will hear an address, “Art for Art’s Sake,” at their luncheon Wednesday in the Claypool. by the Rev. Guy O. Carpenter, Irvington Methodist Episcopal church pastor, and noted traveler and lecturer. The Orloff Trio has been engaged for children’s concerts this year in each public school under auspices of the Federation of Indianapolis Public School Teachers. The Indiana Business college today opened registration for the fall term of its twenty-ninth year. Registration will continue until Sept. 8. The college, with ten units throughout the state, is represented here by the Central Business college.

Fruit Market

BENTON HARBOR. Mich.. Aug. 29 Fruits: Apples, bushel. A grade. $2 50 minimum: Duchess. 45@50c: wealthvs, 70© 75% Cantaloupes, No. 9s. 25@40c;' larger. 40©60c. Peaches. U. S. No. 1. bushel. S2© HZ'. T^ a o S — No - 1 In.. $1.25© L 3 , 5 ,\ N ,°~ 2 ; a l* a ,t 75c - Plums, bushel. 75c ©sl. 12-ot baskets. 35©40c. Beans nn reen r, and Wax - 12 d ts - 35c. Limas, 40© 50c’ Pep Der 25 @30c, greens; reds, 40© Chicago Stocks Opening (By James T. Hamill & Cos.) —Aug. 31— Ass Tel Util... 24 ; Insull com 27% Bendix Avia... 23% Middle West .. 16% Borg Warner .. 19% Swif- & Cos ... 26 Cent So W*,.. 16% Nnited Gas 5% Cont St *-?£- -4% U S Rad & Tel 31% Cont Chi pfd .. 34 Utah Prod 3% Com Edison ... 199% ut & Indus com 6 Chicago Sec .. 14%: Ut & Indus pfd 17% Grigsby Grunw 3% ; Walgreen Strs.. 17% Gt Lks Aircraft 3% I FALL WHEAT SOWING SHOWS BIG DECREASE Reduction in Acreage Greatest in Seventeen Years. Ihi United Press WASHINGTON, Aug 31.—An encouraging report on wheat shared the federal farm board’s attention today with continued study of numerous suggestions for relieving the burden of overproduction in cotton. The department of agriculture reported that farmers intend to sow less winter wheat this fall than in any year since 1914. The report set intended wheat plantings at 37,344,000 acres, a reduction of 12 per cent from last year’s acreage. If these intentions are carried out in full, the acreage would be the smallest in seventeen years. And the department noted that actual seedings in the past have averaged about 3 per cent less than the Au- ; gust forecasts. GREET OYSTER SEASON Mayors of Three Cities to Participate in Opening Ceremonies. By United Press NEW YORK. Aug. 31.—Mayors of three cities will open the oyster season Tuesday by sampling bluepoints on the half shell. Mayor James Curley of Boston. Mayor Harry Mackay of Philadelphia and Joseph McKee, acting mayor of New r York, say they are ready to eat a dozen if necessary. The ceremony is patterned after one at Colchester, England, where for the last 1,500 years, the lord mayor has toasted the king with gin, gingerbread and an oyster at the opening of the season. Gin and gingerbread will be omitted by the American mayors.

THE INDIANAPOLIS TIMES

PORKER MARKET SHOWS STEADY TRADINGJIANGE i Cattle Slow and Draggy, Some Classes Lower; Sheep Off. No change was evident in hogs this morning at the city yards, prices holding steady with Friday's ! average. The bulk, 160 to 325 pounds, sold for $6.55 to $6.75; early top represented by the $6.75 figures. Receipts were estimated at 4,000; holdovers were 145. In the cattle market there were not enough steers on hand to justify comment. She stock held slow and draggy. Receipts were 500. 'Vealers were unchanged at $9.50 down. I Calf receipts numbered 500. Sheep were around 25 cents lower with ewe and wether lambs going'at $7.50 to SB. Bucks sold for $6.50 to $7. Rceipts were 1,700. Chicago hog market Qpened slow, with a few early bids strong to 10 cents higher than Friday’s average, or about steady with the best prices. Scattered bids on weights from 190 to 220 pounds were $6.65 to $6.80. Receipts were 28,000, including 8,000 direct. Holdovers 3.000. Cattle receipts were 23,000. Calves 2,500 and steady to 25 cents lower. Sheep receipts 30,000, market steady, to 25 cents lower. HOGS n-P u i k i. Earlv top. Receipts. 24. $6.20f 6.55 $6.55 7.000 25. 6.25® 6.35 6.35 8.500 26. 6.50® 6.55 6.60 4 000 27. 6.45® 6.65 6.65 5.000 28. 6.55® 6.75 6.75 3.000 29. 6.55® 6.75 6.75 2.500 31. 6.5.5® 6.75 6.75 4,000 —Aug. 31— Receipts, 4,000; market, steady. —Light Lights—-(l4o-160) Good and choice...s 6.10® 6.25 —Light Weights—-(l6o-180) Good and choice.... 6.55 (180-200) Good and choice 6.60 —Medium Weights—-(2oo-220) Medium and g00d... 6.65 (200-250) Good and choice... 6.65® 6.75 —Heavy Weights—-(2so-290) Good and choice .... 6.65® 6.75 (290-350) Medium and g00d... 6.30® 6.65 —Packing Sows—-(27s-500) Medium and good.. 4.00®' 5.25 (100-130) Slaughter pigs 5.75® 5.85 CATTLE (Slaughter Class) Receipts. 500: market, lower. Good and choice A .***77. $ 8.25® 10.00 Common and medium 5.00® 8.25 (1.100-1.500) Good and choice B.oo® 9.75 Common and medium 5.50® 8.00 —Heifers—-(soo-850) Good and choice 7.50® 9.75 Common and medium 4.50® 7.50 Cows Good and choice 4.00® 5.50 Medium 3.00® 4.00 Cull and common 1.50® 3.00 —Bulls (yearlings excluded)— Good and choice beefs 3.50® 4.50 Cutter, common and medium 2 25® 3.50 CALVES AND VEALERS Receipts, 500; market, steady. —Vealers— Good and choice $ 9.00® 9.50 Medium 7.00® 9.00 Cull and common 5.00® 7.00 —Calves— Good and choice 6.00® 7.50 Common and medium 3.50® 6.00 STOCKERS AND FEEDER STEERS Good and choice 5.25® 7.00 Common and medium .• 4.00® 5.25 (800-1.500) Good and choice 5.00® 7.00 I Common and medium 3.75® 5.00 1 SHEEP AND LAMBS Receipts, 1,700; market, lower. Good and choice $ 6.50® 8.00 Common and medium 3.00® 6 50 Ewes, medium and choice ... 1.50® 2.75 Cull and common 50® 1.50 Other Livestock By United Press ..CHICAGO. , Aug. 31. —Hogs—Receipts, 28.000; including 8.000 direct: steady to 10c Packing sows. 106/15c up; 190-230 lbs., [email protected]: earl ytop. $6.80; 240-300 lbs.. $6.25®6.75; 140-170 lbs.. $6.25 ®6.65: packing sows. 54.25®5: smooth sorts to $5.50; light lights. 140-160 lbs. good and choice, [email protected]; light weight. 160-200 lbs., good and choice, $6.40®6.80; medium weights. 200 250 lbs., good and choice. [email protected]; heevv weights. 250-350 lbs., good and choice. $5,656/ 6.65; lacking sows. 275-500 lbs., medium and good. $4.25®5.50; slaughter pigs. 100-130 lbs., good and choice. $4,754/5.85. Cattle—Receipts. 23.000; calves. 2.500; largely steer and Long Yearlings run; few early sales an dmost early bids, weak to 25c lower; undertone. 25c or more lower on general drop; earlv top yearlings. $9.75; few bids, slightly under. $10: but several loads held above. $10; about 3.000 western grassers, largely stockers; this class and she stock steady to 25c lower: bulls, strong; vealers steady. Slaughter cattle and vealers— Steers. 600-900 lbs., good and choice. $7.75 @10.25; 900-1100 lbs., good and choice. [email protected]; 1100-1300 lbs., good and choice, $7.50®10.25: 1300-1500 lbs., good and choice. $7.50@10: 600-1300 lbs., common and medium. [email protected]; heifers, 550850 lbs., good and choice. [email protected]; common and medium. [email protected]; cows, good and choice. [email protected]: common and medium ,[email protected]; low cutter and cutters, [email protected]; bulls, yearlings excluded, good and choice, beef. [email protected]: cutter to medium. $2.50®4: vealers. milk fed. good and choice. $94/11: medium. s7® 9; cull and •common, ss@7. Stocker and feeder cattle—Steers. 500-1050 lbs., good and choice, [email protected]: common and medium, [email protected]. Sheen —Receipts. 30.000: fat lambs, slow; few early sales natives. 25/S 50c lower: sorts considered: best. $7.75® 7.85; nothing done on rangers, prospects sharply lower: sheep. draggv: feeding lambs, steady. Slaughter sheep and lambs — Lambs. 90 lbs. down, goo dand choice. $7 6/8: medium. $5.50@7: all weights common. $4®5.50: ewes. 90-150 lbs., medium to choice. $1.2502.50; all weights, cull and common. [email protected]: feeding lan.bs, 50-75 lbs., good and choice. [email protected]. By United Press FT. WAYNT. Aug. 31.—Hogs steady to 10c higher; 100-140 lbs., $5.75; 140-160 lbs., $6; 160-180 lbs.. $6.30; 180-200 lbs.. $6.45; 200-225 lbs., $6.50; 225-250 lbs.. $6.45; 250275 lbs., $6.35; 275-300 lbs., $6.25; 300-350 lbs., $6.10; roughs. $4.25; stags, $2.75; calves. $9.50; lambs. $7. By United Press EAST ST. LOUIS. Aug. 31.—Hogs—Receipts, 8,00; market, 10@15c higher; top. $6.55; most 170-260 lbs.. $6.406?6.55; 100150 lbs., $5,506/6.25: sows, mostly $4®5.25. Cattle —Receipts. 7.500; calves, receipts, 3.000; market, fed steers, scarce and slow; indications lower on native steers, mixed yearlings and heifers; cow market not developed; medium bulls steady; top medium bulls. $3.50: vealers steady to 25c higher at $9.75® 10. Sheep—Receipts, 3.000; market, lambs steady to 25c lower; some packer bids off more; few choice lambs to city butchers. $7.75@8; packers bidding [email protected]; common throwouts. $3,50. By United Press CINCINNATI. 0., Aug. 21.—Hogs—Receipts, 2.200; holdover, none; moderately active, steady to 5c higher; heavy weight butchers, around 10c higher than Saturday; butter grade 170-240-lb. averages, mostly $6.85; some 240-275 lbs., $6.65; 280300 lbs., $6.50: 120-150 lbs., including throwouts. 160 lbs. or better, largely $6; buetter grade 150-175 lbs., $6.25; choice kind up to $6.50 or above: sows steady to spots, 25c higher; heavy weights. $3,506/4; medium weights, $46/4.50smooth light weights. $4.T5 or better. Cattle—Receipts. 1.600: calves, receipts 325: better grade light weight steers and heifers, about steady; spots. 25c lower; odd lots. [email protected]; a few yearlings up to s9.ao; others, including a liberal supply of heifers with weight mostly 25c lower; common and medium. $4,506/6 50a few loads of fed grass steers. $76/7.50; cows mostly steady with some strength on cutters; most beef cows. $3.50674.50- low cutters and cutters. [email protected]: bulls. $3674veaiers, active, ste.dy. good and choice: $96/10: lower grades. $8.50 down. SheepReceipts. 2,800: lambs, slow, steady to weak: most weakness on throwouts; these finding an undependable outlet at *4® 5 few $5.50: better grade ewe and wether lambs, SB6? 8.50; mixed lots and buck lambs, [email protected]; fat ew.-b. [email protected].

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchange Now Yerk Cotton Exchange Chicago Board of Trade Now York Curb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501

BELIEVE IT or NOT

S •* '*V' W* H.WHiTLftRK - age 76 years 1S The ol(?est Living Gymnast Jj he STILL PERFORMS CONTORTIONS | MO IhiCourthouse V ' mCAW>iNTER\A,CaI / \ Zjr j is in a windmill \,Jr i E~i/ B.POE. is an Elk O ! l-J . TACOMA, WASH. }; J \ -jf ~— l m \ w | :lj ; Arthur Rogers, A CANTALOUPE ~°\ and Vine Rolled 17 Sevens in succession 1 £££/ Growing from a solid concrete slab new, unloaded dice -in tta garden o( E. J. NOVAK, Fort Smtth, ArK. - 12,1931 SNIP*- " ‘ ~ - ~- fr. 31 © 193!, King Features Syndicate,ls c - Great Britain rights r*nr4.

Dow-Jones Summary

California crude oil output for week ended Aug. 29 averaged 504,350 barrels daily, a decrease of 8,850 barrels daily from previous week, according to California Oil World. New York cables opened in London at 4.86 3-16; Paris, checks, 133.97; Amsterdam. 13.055; Italy, 93.835; Berlin, 30.50. Engineers Public Service Company in twelve months to Julv 31 earned $2.11 a common share, against $2.72 in previous twelve months. London rubber stocks in week ended Aug. 29 totaled 31.575 tons a decrease of 176 tons. Stocks at Liverpool were 55.609 tons, a decrease of 887 tons. July wool consumption increased to 48.715,507 pounds, against 41,124.116 in June and 30.620 in July. 1930. Hobart Manufacturing Company and subsidiaries in six months ended June 30. net income $359,615 after charges, federal taxes, minority interest, etc., equal to $1.30 a share on 300,000 common shares. American States Public Service Company in twelve months to July 31. earned 80 cents on class B common stock, against 21 cents on class B common stock in previous twelve months. Construction contracts for period of Aug. 1 to Aug. 21 totaled $161,991,000 in thirty-seven states east of Rocky Mountains. against $253,316,500 in like 1930 period, according to F. W. Dodge Corporation. H. R. Mallinson in six months to June 30, net loss $464,738 after all charges, against net loss of $374,738 in like 1930 period. Other Livestock By Times Special LOUISVILLE, Aug. 31.—Cattle—Receipts, 1,200, slow, hardly enough done early to establish values; few early sales light; slaughter stock, steady, other kinds uneven; best steers and heifers, mostly $5.50©7; calves, receipts, 800; steady; top vealers, 58.50; heavy calves, $4,504(6; throwouts, $5.50 down. Hogs—Receipts, 1,000; 5c higher; 175-240 lbs., $6.50; 240300 lbs., $6.25; sows, $3,304(4.05; stags. $3.05 down. Sheep and lambs—Receipts, 25,000; lambs, steady; best kinds, s7©7.yQ; buck lambs, $6.50; culls. $3.50 down. ~ Saturday’s shipments—Cattle, 12; calves, 463; hogs, none; sheep, none. By United Press PITTSBURGH. Aug. 31.—Hogs—Receipts, 3,000; weights above 160 lbs., 15© 20c higher; others about steady; 180-250 lbs., [email protected]; 250-290 lbs., $6.45©6.75; 160-180 lbs., $6.50©6.85; packing sows, $4.25154.75. Cattle—Receipts, 1,300; market, slow, weak to 35c lower; desirable steers, $7.50©8; medium grades, $5.75@7; common to medium heifers, s4©6; medium bulls, $3.50©3.75; calves, receipts, 1,000; market, mostly 50c lower; choice vealers, $9.50© 10; medium and good grades, $6.5Q©9. Sheep—Receipts, 4,000; lambs about 25c lower; better grades handyweight. $8©8.25: medium kinds, ss©6: aged stock steady; good wethers, $2.50©3. By United Press „ CLEVELAND. Aug. 31. —Hogs—Receipts. 2.400: holdover. 95; active. 10c to mostly 25c higher: spots. 35c up; 160-250 lbs. weight. $6.85; strictly pigs, also 260-300 lbs. sorts. $6.25; light lights ouoted, $6.50. Cattle—Receipts. 1.050: strictly dry feds, also grain fed selling $8 upward: near steady: grassers weak to 25c lower; top on two loads, choice Ohio fed yearlings, scaling 875 lbs., $10.25: common to medium grassers. [email protected]: bulk $6 upward: plain heifers. $5.50 down. Calves —Receipts, 600: active, strong to mostly 50c higher, some lower grades. [email protected] up; smaller local killers: better grade more or less mixed. $10.50© 11; few. sll 50: few culls, unaer $7.50; medium kind separate to $lO. Sheep—Receipts. 3,500: lambs. 10 to mostly 25c lower; spots on lower grades, off more: bulk. $8 downward: choice kind fairly dependable and upward to $8.50; only a package. $8.65: cull to medium. $4(5 6.50: mostly ss@6: sheep, steady. By United Press c. BUFFALO. Aug. 31.—Hogs on sa'“. 5 300: general trade, fairly active, mostly steady; desirable 190-230 lbs.. $74(7.25: 187.'190 lbs.. $5.90© 7: 160-170 lbs.. $6.75weights below 150 lbs.. $6.25©6.50. Cattle —Receipts. 1.700; market, slow; unevenly lower: generally 15©50c under last Mondav: dry feds at minimum decline, one load choice. 946-lb. yearlings. $10.50; good yearlings. 59.35©9.85: weighty steers. $8 73 @8.85: shortfeds and fleshy grassers. s7© 8.15: common grass steers and heifers. $5 56: fat cows. 54.50©5: cutter grades. $1.25 @2.50. Calves—Receipts. 1.100: vealers active, steady sll down. Sheep—Receipts. 8,a00: lambs, steady to 25c lower, good to choice ewe and wether lambs, *8.50: medium kinds and bucks. *[email protected]: throwouts. $5.50: breeding ewes. *3@4; fat slaughter ewes. $1.75©2.25. By United Press _ 2I T-Hogs—Receipts. 300: market. 10© 15c higher; heavies. *5.75® 6,25: medium. *[email protected]: Yorkers. *5 50© 0Digs. $5.50© 6. Cattle—Receipts. 75 : market, steady. Calves —Receipts, lightmarket, steady: top. $lO. Sheep—Receipts' light: market, steady.

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

Following is the explanation of Ripley’s “Believe It or Not” which appeared in Saturday’s Times; The Cruises of the Raindrops— On top of the “Hog’s Mack” Chautauqua County Ridge, Mayville, (N. Y.,) —Just off Portage road—is a small building which the scene of the historical tradition that a rain drop split on its roof will take two courses to the sea. One half will pursue the path to Chautauqua lake, down the Chadaquoin to the Conewango, to the Allegany, to the Ohio, and into the Mississippi—the other half to Chautauqua creek to Lake Erie, to Lake Ontario, and out through the St. Lawrence. Gus Guerrero Ran 93 Miles Without Stopping.—Gus Guerrero, born in Alviso, Cal., in 1859, of Mexican parents, held many championships in walking and running in the late 70’s and 80’s, and was a participant in many of these famous races all over the nation. At Easton, Pa., in 1887, he ran 93 miles without stopping. In the same year, on March 5, he ran 21 miles in 2 hours and 11 minutes, on April 15, 1888, he won the 72-hour-go-as-you-please race in Philadelphia in a 382-mile jaunt, and prior to that time (1879) he won the $1,500 diamond belt and an SB,OOO purse in a six-day race in California doing 548 miles. Tuesday “The 4-month-old baby who was made a dolonel.” Counties Talent on Air Ten local programs featuring talent from counties in the Indianapolis trade area will be broadcast from the Indiana state fair over WFBM, this station co-operating with the Farmer’s Guide.

AMUSEMENTS

FNRI A THRILL YOU’LL 1 LIIULBUiI NEVER FORGET! B I I NOW/ The Casey Players’ fj I Crowning Achievement V SPOII ThiP ® evolT * n ff Stages Make m This Huge Production Possible! I iONfGHT—Ladies' Bargain r 7CT-I fj | I Night! Best Scats— •OC j ■ MOTION PICTURES VVFOH.TABILY < O O I. LIONEL Barrymore MADGE EVANS & KAY FRANCIS zw* jjF POLLY MORAN 1 , M.G.M/r thrilL tUcturs! Also William T. filden 2nd STARTING SATURDAY mmsesi with NEIL HAMILTON SeSmSb® THE BIG ONfcS^f 1 Your Favorites Are Tollfg M kether again More Lovable—More Adorable Than Ever . . , Janet Gaynor v sensational story I Free I I " "BAD GIRL" I Ante | I with Park I I

I-J \j Registered O. S. U V l atent Offlca RIPLEY

Bright Spots of Business

NEW YORK. Aug. 31—Brooklyn-Man-hattan Transit Corporation year ended June 30. net 58.09 common share, against $7.69 share preceeding year. WASHINGTON—JuIy wool consumption. 48.715.507 pounds against 41.124,116 In June, and 30.620.528 in July, 1930, according to department of commerce. NEW YORK —Coca Cola Company declared usual extra dividend with regular auarterly of $1.75 on common. TAMAQ.UA. Pa.—Lehigh Navigation Coal Company announced five of its seven major mining operations to work full time in September best schedule in months. BOSTON —New England public service year ended June 30 net $5,443,959 against $4,836,953 in preceding year.

Investment Trust Shares

(By Gibson & Bernard) PRICES ARE TO 12 NOON C. S. T. —Aug. 31 — Bid. Ask. Amer Founds Corp Com 2% 2% Am Inv Trust Shares 4% 4% Basic Industry Shares 4 s * 5% Corporate Trust Shares 4% 4% Cumulative Trust Shares 6V* 6% Diversified Tr Shares A 14% ... First American Corp 6% 7% Fixed Tr Oil Shares 4V* Fixed Trust Shares A 12 ... Inv Trust NY 6% 7% Leaders of Industry Series A.. 6'% ... Low Priced Shoes 6% 7 Nation Wide Securities 5% 6'/* National Industry Shares 4% 5% N Am Trust Shares 4% 4% Sel Am Shares 4% 4% Shawmut Bank Inv Tr 7% BVi Universal Tr Shares 4% s'/ 4 Super Cor of Am Tr Shares A 5% 6 Fu’ndametal Trust Shares A.. 6 6% Fundamental Trust Shares 8.. 6*/ 6% U S Elec Light & Pwr A.... 28% 30% Std Am Tr Shares 5% 6%

MOTION PICTURES

Z CIRCLE

! We KNEW it/Tj If V J ;i r ,l! £f ' x ' l ' , l in1I.lll> <-. =5 . _ *■' offHSffilaiiraaraMß b-f'.ro Ins a -lir - tc*P9b§Sw@§ol ■ ! tor ,ions; this .. a trn. HjnkpßßM mc-n.'ou.s <.tory . . powerM- ( ,J 1 and satisfying.” mm —Waller D. Hickman, *" "j 0& • times, • ■ will bo widely discv..i<n . . strong mri'.- ' V * , Ttedrama . . we recommend , JfcgiL it for adults.” '• ’• —Corbin Patrick, -■-3 # STAR. P™"• • fine piece of work RnIHQ Si worthy of a place with mm a ye *?. OCKi pictures of the W.m, \k.HH I ‘ Mi * r p —ifotter Whiticortk. fMMMrKfg NEWS. AMERICAN TRAGEDY Paramount s most important fc jratL*a v picture adapted from Theodore IW iV/ Preiser’s fiery novel. *4 X SYLVIA SIDNEY f " PHILLIPS HOLMES \jj ammEßml fran CES DEE /// 4 Most Discussed Picture of the \ear! JK au 25c 35c 50c ' , V, nO L ln,i * After II Y 1 p. M. p. M. f>. M. gg IN PI AW Am

-'AUG. 31, 1931

UNEVEN TREND IS FEATURE OF GRAINFUTURES Corn Eases Off at Close After Early 2-Cent Snurt. BY HAROLD E. RAIXVILLE United Press Staff Correspondent CHICAGO, Aug. 31.—Sentiment was mixed as the Board of Trade open today and there were both buying and selling orders in the market and the tone was rather unsteady. Some of the trade m wheat was changing over from September to deferred months. Liverpool was about as expected owing to the farm board's CIF offers. The tone was fractionally higher to lower at the start. Corn was down a minor fraction with wheat in a slow trade. Oats were about steady, following the trend in the major grains. Expect Large Demand At the opening wheat was % cent lower to % cent higher. Corn was unchanged to cent off and oats were unchanged to % cent down. Provisions were slow. Liverpool was easy but held comparatively steady at the early % to :i *-cent drop at mid-afternoon. While there is a tendency among wheat traders to refrain from pressing the selling of wheat, it is apparent that some new' incentive is necessary to cause buying in quantities. Acreage reductions, both at h3me and abroad, seem a foregone conclusion. A larger milling and! export demand is expected later on. But the immediate object of attention is the action of September as tomorrow is the first delivery day. , Corn Sentiment Mixed Sentiment in corn is mixed. Many traders are of the opinion that prices are low enough. The most interesting feature is whether the leading longs intend to take delivery on September tomorrow or whether they won’t. If they don’t, September is expected to decline to Decembers’ level. There were some rains over the week-end. Any indications of frost within the next two weeks will bear watching and would be bullish. Higher price levels are looked for in the oats pit later on in the season as the scarcity of heavyweight oats makes itself felt. Cereal manufacturers in the west and northwest are takeing all the heavyweight oats they can get, and since this is the grade that must be delivery on contracts, a squeeze may result. Chicago Grain Range —Auar. 31WHEAT— Prev. Hiqh. Low. 11:00 close. Sent 46% .46% .46', '6% I>c 50% .49% ,4<T. *O% Mar 53% .53% .53% 53% May 55 V* .55% .55% 5-* CORN— Sent 42 5 , .42’, ,42 s 2% Dec 39% .39% .39' 39% Mar 41' i% May 43% .43% .43?- 3% OATS— Sent 21% .21% .2" ’% Dec 22% .22% .22% 32% Mav 25% .25% .25 , ye Sent .33% .33 .33'. 33% Dec OS 1 Mav ... .40'. iO'i LARD— Sent ... 7.35 7.40 Oct 7.32 7.30 7.30 7 37 Dec 6.35 6.40 By Times Special CHICAGO. Aug. 31.—Carlots: Wheat. 77; corn, 67: oats. 40; rye, 0, barley, 16.

MOTION PICTURES “ sh ° if Ynif 1 ed JiU £ llli World Premier VnLr—l-, WjMt Hcnrl'llnun* ! with MAE CLARKE KENT j DOUGLASS—ENID BENNETT. First Indianapolis ShowiPitJ BUCK JONES 1 “BRANDED J