Indianapolis Times, Volume 43, Number 98, Indianapolis, Marion County, 2 September 1931 — Page 12

PAGE 12

STOCKS SLUMP ON DECLINE IN CARRIER ISSUES Bearish Rail News Causes Selling at Opening: Oils Steady.

Average Stock Prices

clavl4or? f ,r, th -o V industrials Tor TuesTSila Ssll ,'J? •!?' Average of twenty utl ftie'vJ *V D -34 ’ .Average of twenty bonds 93 sV ud 21 AVeraRC ° f lortV BV ELMER C. WALZER United Press Financial Editor NEW YORK, Sept. 2.—Pronounced heaviness in railroad stocks carried the stock market into sharply lower ground during the morning trading today. Heavy selling of the rails brought out at the start, influenced by omission of the Lehigh Valley dividend, fears of reductions in the Pennsylvania and New York Central rates and a poor car loading statement for the week ended Aug. 22. Sentiment in the rails also was depressed by fears that trustees of the Alleghany Corporation bond issues would impound income for satisfaction of bond holders. Alleghany Corporation holds large blocks of Erie, Chesapeake & Ohio, Missouri Pacific, Nickel Plate and Pcre Marquette. Other Issues Weaken Weakness in these issues quickly spread to other sections of the list and declines of 1 to 2 points were general. Special weakness developed in Steel common following publication of the weekly steel trade summaries showed further retrenchment in the industry. J. I. Case again furnished strong leadership for the decline, breaking more than 3 points at one time as bear traders put out fresh short lines after their covering operations of last week. The widest break, however, occurred on the curb market. Here, j National Short Term Securities A, broke more than 21 points at one time to a low of 3 Vi. The company does a mortgage business through I subsidiaries in New York suburban districts. Oils Meet Support Nevertheless, the break in this stock together with the weakness in the rails on the Stock Exchange created a feeling of uneasiness in speculative quarters and dampened hopes of a pre-holiday buying demonstration. This uncertainty was reflected in movements in some investment issues. Western Union declined more than 3 points and allied Chemical penetrated recent support levels on a small recession. The more speculative utility shares came under the influence of renewed selling attacks, American and Foreign Power being under special pressure. Oils as a group Wet support at on,ly small recessions, reflecting the further sharp decline in crude oil production. Losses in issues like Steel common, American Can, Westinghouse Electric and General Electric did not run beyond 2 points.

Bank Clearings

INDIANAPOLIS STATEMENT —Sept. 2 Clearines $2,576,000.00 Debits 6.442.000.00 CHICAGO STATEMENT , —Sept. 2Clcarings $80,800,000.00 Balances 11.400.000.00 TREASURY STATEMENT —Sept. 2 Net balance for Aur. 31 $133,791,197.82 Expenditures 10.231.932.40 Customs rects. mo. to date 38.240.231.70

New York Bank Stocks

(Bv Thomson & McKinnon) —Sept. 1— Bid. Ask. America 38 41 Bankers 88% 91% Brooklvn Trust 345 355 Central Hanover 203 208 Chase National 59% 62! B Chatham Phoenix Natl... 50 53 Chemical 44 46 Cltv National 77% 83 % Corn Exchanse 93% 97% Commercial 230- 238 Continental 23% 26% Empire 41% 44% First National 3.370 3.570 Guaranty 442 447 Irviiiß 30 32 Manhattan & Cos 59% 62% Manufacturers 45% 47% New York Trust 134 139 Public 39% 42%

Investment Trust Shares

(By Gibson & Bernard) TRICES ARE TO 12 NOON C. S. T. —Sept. 2 Bid. Ask. Amer Found's Corp com 2% 2-'4 Am & Gen Sec "A” 11% ... Am Inv Trust Shares 4% 4% Basic Industry Shares 4% 5% Corporate Trust Shares 4% 4% Cumulative Trust Shares .... 6% 6% Diversified Trustee Shares A 14> ..\ First American Corp 6% 7’ a Fixed Trust Oil Shares Its ... Fixed Trust. Shares "A” 12 Inv Trust N Y 6% 7% Lenders of Industry Series A 6% ... Low Priced Shares 6% 67* Nation Wide Securitiis 5% 6 Nntional Industry Shares.. 4% 5% N Am Trust Shares 4% 4% Sel Am Shares 4% 4% Shawmut Bank Inv Trust... 7'- 8% Universal Trust Shares .... 4% s'* Super Corp of Ant Tr Sh A 5% 6 Fundamental Trust Sh "A" 6 6 1 a Fundamental Trust Shares A 6% 6% U S Elec Light & Pwr A 28* * 30% Stand Amer Trust Shares... 5% 6

New York Curb Market

(Bv Thomson & McKinnon) Scot. 2 11:30 11:30 Alum Cos of A 125 Midwest Ut. 16% Am Cvnamid... 7% Mo Kan Pipe .. 4% Am Gas ,<c El 67 Nat Pub S (A) 18% Am Sup Pwr.. 10% Nia Hud Pwr .. 10% Ark Gas (A>... 4% Penroad 5% Ass G & El (A) 12 1 Sel Indus 2% Cities Serv ... 10% So Penn Oil ... 17% Elec Bond Sh. 37% Std ot Ind 26% Ford of Can.;. 18% Un Gas 6 Gulf Oil 62 |Un Lt & Pwr.. 19% Ind Terr (A) .. 10 Ut Pwr (B) 8% Int Pete 12% United Fndrs .. 4%

Local Wagon Wheat

Citv grain elevato-s are paying 36c for No. 2 red wheat ana 35c for No. 2 hard wheat. New York Liberty Bonds —Sept. 1— 3%s 102 80 Ist 4’4s 102.27 4th 4%s 104.27 Treasury 4%s 112.15 Treasury 4s 108.6 Treasury 3%s 106.7 Treasury 3%s of ’47 102.26 Treasury 3%s of '43 102.22 RAW SUGAR TRICES —Sept. 1 - High. Low. Close. Janua.y 131 1.29 1.29 March 1.35 1.34 1 34 May 1.41 1.39 1.39 July 1 46 1 44 1.45 September 1.32 1.31 1.32 December 1.31 129 1.30

Specialists In Unlisted Securities Edw. W. Zaiser Securities Corporation 414 Continental Hank Bldg. Riley 4043

New York Stocks <Bv Thomson St McKinnon)"'"

—Sept. 2 Prev. Railroads— High. Low. 11:30. close. Atchison 138% Balt ii Ohio 45> a 46% Cnesa Ac Ohio.. 36% 36 36 36't Chesa Corp 34'* 34'a 34% 35 Chi N West 24’a 24 24 24% C R I A: P 37 37 Del L A W 51 51 % i Great Northern 34% 35 Illinois Central 38% M K & T li'4 11% Mo Pacific 18' 4 18'4 Mo Pacific pfd 51*2 51 1 4 N Y Central ... 70' 4 69% 69' 2 71 NY MH H ... 55 54% 54'2 . Nor Pacific 335, Norfolk 61 West 139'2 O * W 13.4 12>2 Pennsylvania 39 40 Reading 64*4 80 Pacific 733. Southern Ry 24*2 ; St Pam ... * * 41* jSt Paul pfd.... 7 T /§ 7% 7% 74, ! Union Pacific ..143 142 1 a 142% 142• 2 I Wabash as. W Maryland 12^ Equipments— Am Air Brake S 27% 27% Gen Am Tank 56 -* atilt General Eiec ... 41 40% 4040 a Gen Ry Signal 49% 49% 49', 2 49 Press Stl Car 33 Pullman 30 29% 30 30% ! Wesungh Airb 23% | Weslingn Eiec . 634 62 5 . 62% 63 Rubbers—--1 Firestone 71,, Fisk a. jZ i Uoodrlcn j2->* Goodyear * 411'“ Kelly Sprg&ed * 2' t-ee Rubber 31/, U S Rubber ... 13.;* Motors— Auburn 136 133 133 1374 Chrysler 22% 22 4 Granam Paige 2% General Motors. 36% 36 364 36 j Hudson ~ ... . 13 j 4 j™™ 7 6% O’. b'c Packard 6% 64 6% 64 : Heo ~ ... ... 51* : studeoaker jo 1° Yellow Truck 74 74 I Motor Access—- ! Bendix Aviation 23 Vi 23 23 4 234 I Borg Warner ... 133. I Briggs 13' ■ Buaa Wheel jj ? s j Campbell Wv 12-4 i Eaton 13* 2 !El Storage B 53% 54-/2 i Houda 64 Sparks-W 64 • Stewart Warner 104 j Timkin Roll 314 314 j Mining—lAm Metals 314 !Am Smelt 314 ... Anaconda Cop 244 244 Cal & Hecia 6 4 Granby Corp 114 Great Nor Ore 184 184 lilt Nickel 124 124 124 124 Kennecott Cop.. 174 17 17 174 j Miami Copper 54 I Nev Cons 84 Texas Gul Sul 34% 344 U S Smelt 154 Oils— Amerada is Atl Reiininc ... . I6>,i Barnsdall 84 84 Houston 9 Indian Refining 3 34 Ohio Oil 11 11 Mex Slid 144 Mid Conti 10 Phillips 914 94 Pr Oil & Gas 114 Pare Oil 8 % Richfield ... . is a Royal Dutch.... 23 22 4 22 4 234 shell Ull 5-. 54 Sinclair 104 104 Skelly ... 7' Stand of Cal.. 41 464 Ai 404 Stand of N J.. 404 404 404 404 Soc Vac 1914 19 19 194 Texas Cos 264 26 4 union on ::: Steels— Am Roll Mills 20% 204 Bethlehem .... 39% 39 4 394 394 Byers A M ... . 314 Colo Fuel 134 13 13 Nev.-ton 71/, Repub I & S ... ...' 13 U S Steel 874 87% 874 88 Vanadium 284 28 28 284 Tobaccos— A Tob A (new) 108 1074 107 4 108 A Tob B (new) 111 1104 1104 111 Lig & Myers iB) 68 Formard 16% 16% 16% 17 Phil Morris ... ns: Reynolds Tob '49 49' Tob Pr B . 34 United Cig 44 4 Utilities— Abitibl 34 3% Adams Exp 144 Am For Pwr 28% 28% 28 4 284 Am Pwr & Li 34% AT & T 171% 1714 171% 172% col Gas & El.. 29% 29% 29% 30 Com & Sou 8 8 El Pwr &Li 40% 39% 39% 40 Gen Gas A 44 Inti TANARUS& T 284 28% i Natl Pwr & Li 24% ! No Amer Cos 68 4 68 68 68 4 1 Pac Gas &El 464 46% Pub Ser N J 80 79% 80 80% So Cal Edison 43% 43% Std G & El ... 68 4 United Corn.... 22% 224 224 22%

Produce Markets

Errs (country? rum—Loss oft delivered in Indianapolis 12c: henerv Quality No. 1. 14c: No. 2. 9c. Poultry tbuvint! orlcesi— Hens weighing 5 lbs. or over. 18c; uder 5 lbs,. 17c: Leghorn hens. 15c; 1930 broilers, full feathered 3Vi lbs. and up. 23c: under 21c: bareback, 12c: Leghorn broilers. 15c: spring chickens. 4 ibs. and over. 21c; under 4 lbs.. 18c: ducks. 9c; old cocks. Bft/.9c; ducks, full feathered, fat whites. 9c; geese. 6c. These prices are for No. 1 top auality Quoted bv Kingan & Cos. Butter (wholesale) —No. 1. 31@32c; No. 2. 29@30c. Butterfat—27c. Cheese (wholesale selling price per pound)—American loaf. 23%c: pimento loaf. 25%c: Wisconsin firsts. 19c; Longhorns. 19c: New York limberger. 30c. I'll United Press •* NEW YORK. Sept. 2.—Potatoes—Market. firm; Long Island. $1.75ftz2.90 bbl.; New Jersey. $ ID/'1.60 basket. Sweet, potatoes—Market. auiet; Jersey baskets. 50c(u) 51.75: southern baskets, 50® 90c. Flour — Market, quiet and steady; spring patents, S4d/.4.40. Pork—Market. steady: mess. s2l. Lard—Market. firm; middle west snot. ,075ftz.076c. Tallow —Market, quiet; special to extra, .0%@02%c. Dressed poultry—Market . steady: turkeys. 25@50c; chickens. 200/30c; broilers, 20 ft/ 42c; iowls. 12® 27c: ducks. Long Island ducks. 13ftz,18c. Live poultry—Market steady, firm; geese. 10ft/12c; ducks. 12@22c; fowls. 18(<f26c; turkeys. 26ft/.03c: roosters. 14ft/. 15c: chickens. 17(i719c. Cheese—Market, quiet; state whole milk, fancy to special. 15 Vi Sialic: young Americas. 16’ 2®T6%c. Bv United Press CINCINNATI. Sept. 2.—Butter—Steady; creamery in tub lots according to score. 24 <( 26c: common score discounted, 2ft/3c; packing stock No. 1. 20c: No. 2. 17c: No. 3, 12c: butterfat, 254/27c. Eggs—Steady; cases included: Extra firsts. 22c: firsts, 18%c; seconds, 17c: nearby ungraded, 18 %c. Live poultry—Thin and coarse stock sell only at heavy discount: fowls. 5 lbs. and over. 23c; 4 lbs. and over. 22c; 3 lbs. and over. 19c: Leghorns. 3 lbs. and over. 15c: roosters, 11c: broilers, colored. 1 ib. and over. 19c: lVi lbs. and over. 19c: 2 lbs. and over. 19c; fryers, 3 lbs. and over. 21c: partly feathered. 15c: Leghorn broilers, 1 lb. and over, 19c; 1% lbs. and over ,17c; 2 lbs. and over. 17c; black springers. 15c; roasting chickens. 4 lbs. and over. 22c. CHICAGO. Sept. 2.—Eggs Market, steady; receipts, 8,535 cases; extra firsts, 20c: firsts. 19c: current receipts. 15® 17c; seconds. lOftz 14c. Butter—Market, firm; receipts 4,652 tubs; extras. 28c; extra firsts. 260/27c: firsts. 241/24%c; seconds. 21 r< 23c; standards. 28c. Poultry—Market about steady; receipts, 3 cars; fowls, 19 v 22c: springers, 194/21c; Leghorns, 15c; ducks. 14 5i 18c; geese. 11c; turkeys. 15<fi 18c; roosters. 14c; broilers (2 lbs.). 170/19c; Leghorn broilers, 16c. heese—Twins 15%4 : 15%c; Young Americas, 15%5r16c. Potatoes —On track 198: arrivals. 50; shipments. 398; market steady; Wisconsin Triumphs, sl.lsft/1.35' Idaho Triumphs. $1.25071.50: | cobblers. $1,700/1.80; Minnesota cobblers, 95c® $1; Wisconsin cobblers $1.15®1.25. B;i United Press CLEVELAND. Sept. 2.—Butter—Extras. 32c: standard 32c: market, steady. Eggs— Extras, 25'2C; firsts. 19c; ordinary firsts. 14%c; market, steady. Poultry—Heaw fowls, 224/ 23c: medium. 22c; Leghorn, 15 @18c: heavy broilers. 20ft/23c: light broilers. 150/19c: ducks. 12%/ 18c; old cocks. 12 (n 14c; market. weak* Potatoes—New Jersey Cobblers. $2.10®2.25 per 150 lb. sack; Idaho Russian Burbanks, $2,150/2.35 per 150-lb. sack.

Greatly Reduced Fares Over LABOR DAY % of one-way fare for the round trip TO POINTS within the States of Illinois. Indiana. Ohio and Michigan; a so to Buffalo. X. Y., Niagara Falls. N. Y., Pittsburgh. Pa.. Louisville! Ky., St. Louis Mo., Charleston. W. Ya., and intermediate points included. Chicago 55.00 Detroit $7.20 St. Louis 6.70 Toledo 5.80 Cincinnati 3.00 Lafayette 1.75 Cleveland 7.70 Terre Haute 1.95 Good leaving Saturday, September 5.h (after 3 a. m.t, and all dav Sunday. September (!th. Good returning until Tuesday, September Sth. Tickets good in coaches only. Children of proper age half fare. particulars apply to Ticket Agent. 112 Monument Circle. Phone Kiley 3322. and Union Station, phone Riley 8355. BIG FOUR ROUTE

84P'W‘ * :: ::: .i!’ i Shipping— Am Inti Coro. 1359 N Y ShlD ” “I *iu * United Fruit 544 Foods— 2 Am Sug 55 54 54 . . Armour A p. Beechnut Pkg 50% Cal Pkg 224 Can Drv 34> i 344 Childs Cos 174 Coca Cola 145 4 Cont Baking A 124 Corn Prod 66 4 Crm Wheat 274 Cuban Am Sug 8% ... Gen Foods 50% 50% 504 50% Grand Union 16% 164 Kroger 31% 314 Nat Biscuit 58 4 58% 58% 584 Plllsbury 27% 27% Purity Bak 22% 22% Safeway St 65 4 64% 65 65% Std Brands 19% 19% 19% 194 Ward Bkg 3% ... Drugs— Coty Inc 7V 7% 7% 7% Lambert Cos ... 70% 69% 70 70 Am Radiator ... 12% 124 12V* 124 Gen Asphalt 214 21 Otis Elev 364 Indus Chems— Allied Chem ...1114 110 110 112 Com Solv 17% 17% Union Carb 50 4 49% 49% 514 U S Ind Alco 33% Retail Stores— Assoc Dry Gds 19% Gimbel Bros 5 Kresge S S 27% 27% Mont Ward ... 20 4 20% 20% 204 Penny J C 43V. 434 Schulte Ret St 51/2 Sears Roe 56% 56% Woolworth 69% 69% 69% 69% Amusements— Col Graph 7% 7% 7% 7% Eastman Kod . .143 4 142 142 142% Fox Film A 14% 14% 14% 14% Grigsby Gru 34 Loews Inc 50% 50% 50% 51 Param Fam .... 25% 25V* 25V* 25% Radio Corp 20% 20V* 20% 20% Schubert 34 Warner Bros ... 9% 9% g% 10 MiscellaneousCity Ice & Fu 30 Congoleum ... 14 14% Am Can 92% 92% 92 Vi 93 Cont Can 48 Curtiss Wr '3 2% Gillette SR ... 18% 19 Real Silk 64 6% 64 Un Arcft 284 27% 28 28 Int Harv ... 33 J 1 Case 62% '<ii% *62% 63

Indianapolis Stocks

—Sept. 2 American Cent Life Ins C0...95(> a * g e j l RR & S Yds Cos com... 29 4 344 Belt R V k Yds Cos Dfd 6s. . 50 55 Bobbs-Merrill Cos 10 ° £ en 5 ra L. Ind Pwr Cos PM 7s!'.. 724 "774 Circle Theater Cos com 75..... . Citizens Gas Cos com 10s 22 Citizens Gas Cos pfd 5s 97 ioo4 Commonwealth Ln Cos pfd 75.. 97 101 Commonwealth Loan Cos 85...101 Hook Drug com 104 wi a i? a * c ?i ciavDooi no ;;; Ind Hotel Cos Dfd 6ss 100 IndDls Gas com 6s 564 *6i% TnriSic n w u Cos Df d 545..105% 1074 Saw? st 6 nX£? A ““ cm * !! : sk Pub Servos Ind 6s 83 88 Metro Loan Cos 8s ... 100 Pnd. Pub Serv Cos p'fd '6s!!l01 103 North Ind Pub Ser Cos pfd 54s 94 994 No Indiana Pub Cos 7s 1114 Progress 19 *“ E Ranh & Sons Fert Cos Dfd 6s 47 Shareholders Invest Cos 9 Haute Tr & Ll Cos Dfd 6s 90 Union Title Cos com 3s n . . Van CauiD Prod Cos Ist Dfd 93 Van Came Prod Cos 2d Dfd 8s! .. 93 Backstay Welt Cos com ... ii Ind Pipe Line Cos 12 124 Link Belt com 26 27 9, lass , Machine Cos com 164 17 Noblitt Sparks Industrials Inc 414 424 Perfect Circle Cos com 394 40 4 Real Silk Hosiery Mills Inc... 6% 6 4 Real Silk Hosiery Mills Dfd. 24 30 Standard Oil Cos (Indiana)... 26 27 Ross Gear ia 04 Natl Title ......7.*.'.. 44 <5 J D Adams Manufacturing Cos 16 " 10 BONDS Bid. Ask Belt R R & Stk Yds Cos 4s .... 92 Cent Ind Gas Cos 5s 99 Cent Ind Power Cos 6s 991/2 Citizens Gas Cos 5s 1014 ’ Citizens Street Railroads 55.. 24 Home T&T of Ft. Wayne 6s. 102% "* Ind Railway & Light Cos 55.. 95 ! Indiana Service 5s 86 ppw & Li. co sss 105 ::: IndDls Gas Cos os 102 io3 Indpls Street Rys 4s 124 144 Indp s Trac Terminal Cos 55... 47 Indpls Union Rv 5s 106 ' IndDls Water Cos 54s '54 'lo4 !!! Indpls Wat Cos Ist lien ref ss. 101 IndDls Water Cos 4'/2S 99% 100% Indpls Water Wks Sec Cos 55.. 924 Interstate Pub Serv Cos 445. 90 Interstate Pub Ser Cos (B) 645. 103 . * Interstate 5s 98 No Ind Pub Serv Cos *1024 Terre H T & L 5s ...97 ***

Net Changes

Bv United Press NEW YORK. Sept. I.—Closing prices and net changes on principal issues traded on the New York Stock Exchange today: American Can 93 U, s/ a 011 ’ American Telephone 172% 1 Atchison 138% 3% Bethlehem Steel 39% 14 cess j i ;;;;; <53 % ;*• Chrysler 22% Consolidated Gas 94 '% Electric Powe: 40 % " ’ General Electric 40% Vi General Motors 36% % International Telephone... 28% % Loews Inc 51 lVi Montgomery Ward 20% Vi ’ . New York Central 71 1% ... North American 68% ... % Paramount 25% % . Penna 40 1 Radio 20% Vx Radio Keith 15% % ... Standard Brands 19Vi Vi ... Standard Oil California.. 40% Standard Oil New Jersey... 40% ... V'a Socony Vacuum 19 Vi Union Carbide 51% 1 United Aircraft 28Vi % ... U S Steel 88 % ... Westinghouse Electric 63 Woolworth 69% V'a ... Other Livestock Bv United Press EAST BUFFALd, Sept. 2.—Hogs—On sale, 1,300; weights above 160 lbs., active to all interests, 10(5/20c higher; mostly 10® 15c over Tuesday's average; desirable, 180-200 lbs., $7.10(i/.7.25; lew 220-250 lbs., 57.35ft/.7.40; 160-170 lbs., $6.85®;7; weights below 150 lbs., $6.25® 6.60. Cattle—Receipts, 400; grassy steers, weak to 25c lower; cows, steady; cutter grades, $1.50® 3.75; calves, receipts, 215; vealers, unchanged, sll down. Sheep—Receipts. 900; most and scattered sales, 50c under Monday’s average, better grade lambs held under 58.25; bidding $8 down; medium kinds and bucks sold [email protected]; throwouts, $5; inferior lots, $4. Bj, United Press PITTSBURGH. Sept. 2.—Hogs—Receipts. 1,200; market, steady to 10c lower; 160-260 lbs.. $6.75® 7; top. $7.05; 140-160 lbs.. $6.25® 6.75; 'IOO-140 lbs.. $5.75® 6.25packing sows. $4.25®4.75. Cattle—Receipts. 15; market, nominally steady: calves, receipts. 150; market, mostly steady; good and choice vealers. sß.soft/' 10: medium grades down to $6.50. Sheep —Receipts. 1,500: market on lambs, steady with Tuesday decline; bulk better grades, $7.50®8; most medium kinds. 55®5.75. Bv Times Special .LOUISVILLE. Sept. 2.—Hogs—Receipts, 600; 15c higher; I*s-240 lbs.. $6.65; 240300 lbs.. 56.40: 300 lbs. up, $5.20; 130-175 lbs., $5.95: 130 lbs. down, $5.45: packing sows. $3.45®4.20; stags. $3.20 down. CatGe—Receipts, 350; steady; medium and good light slaughter steers and heifers, $5.50® E; calves, receipts. 350; steady; top vealers, $8.50; medium ealvesfi S4TSO®6; throwouts. $5.50 down. Sheep and lambs— Receipts, 850; best lambs. 25c lower; others steady; better grade fat lambs, $6.75®7: buck lambs. $6; light slaughter lambs, s4®s: throwouts downward from $3.50. Tuesday's shipments—Cattle. 125; calves, none; hogs, none; sheep, 516.

THE INDIANAPOLIS TIMES

PORKERS MAKE 15 TO 20-CENT GAIN AT YARDS Cattle Trade Slow, Steady; Vealers Unchanged at $9.50 Down. More general interest in hogs advanced prices 15 to 20 cents this morning at the Union stockyards. The bulk, 160 to 325 pounds, sold for $6.55 to $6.90; early top holding at $6.90. Receipts were estimated at 5,000; holdovers were 53. In the cattle market trade was slow and- about steady. Receipts were 700. Vealers were steady at $9.50 down. Calf receipts numbered 500. Lambs held about steady with Tuesday’s close. Receipts were 1,100. Chicago hog market showed evidence of a upward trend this morning with early sales and bids holding around 10 cents higher than Tuesday's average. Good and choice hogs scaling 190 to 220 pounds were bid at $6.55 to $6.75, while better kinds sold at $6.85. Average quality was plain. Receipts were 15,000, including 2,000 direct. Holdovers, 6,000. Cattle receipts were 10,500. Calves 2,500, and steady. Sheep receipts, 13,000. Market unchanged. HOGS Aug. Bulk. Early top. Receipts. 26. S6 50(fD 6.55 56.60 4.000 27. 6.45<5) 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. 6.55@ 6.75 6.75 4.000 Sept. 1. 6.40® 6.70 6.70 4.000 2. 6.55® 6.90 6.90 5.000 —Sept. 2 Receipts. 5.000; market, higher. —Light Lights—-(l4o-160) Good and choice...* 6.25 —Light Weights—-(l6o-180) Good and choice.... 6.65® 6.70 (180-200) Good and choice.... 6.70® 6,75 —Medium Weights—-(2oo-220) Medium and good.. 6.75® 6.80 (200-250) Good and choice... 6.75® 6.90 —Heavy Weights—-(2so-290) Good and choice... 6.70® 6.80 (290-350) Medium and g00d... 6.40® 6.75 Packing Sows (275-500) Medium and good.. 4.00® 5.50 (100-130) Slaughter r’BS .... 6.00® 6.10 CATTLE (Slaughter Class) Receipts. 700; market, steady. —Steers — Good and choice $ [email protected] 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 Common and medium 3.75@ 5.00 SHEEP AND LAMBS Receipts. 1,100; market, lower. Good and choice $ 6.00® 7.50 Common and medium 2.50® 6.00 Ewes, medium and choice 1.50® 2.50 Cull and common 50® 1.50 Other Livestock By United Press EAST ST. LOUIS. Sept. 2.—Hogs—Receipts, 4.500; market, fairly active. 15@20c higher; Digs slow to a shade higher; too. $6.20; most 170-260 lbs., [email protected]: 130160 lbs., $5.85®6.40; 100-130 lbs.. $5.50® 5.90; sows, largely $4.25®5.50. Cattle— Receipts. 2,000: calves, receipts 1.000; market. native steers in light supply; western run around 20 cars; all steers slow; a few westerns, early, around steady with Tuesday’s decline; mixed yearlings, heifers and cows, slow: bulls steady; top medium bulls, $3.50; vealers 25®50c higher; good and choice kinds. 510.25®10.50. Sheep—Receipts. 1.500: market, few choice lambs to city butchers steady to 25c higher at 57.50 @7.75; packers talking steady or $7 down for desirable lambs. By United Press CINCINNATI, Sept. 2.—Hogs—Receipts. 1,700; held over none: moderately active, mostly 15c higher; ligth lights and sows 25c higher; better grade. 180-240 lbs., largely S7; some 275-300 lbs., $6.65®6.75; 120-150 lbs., largely $6.25; 150-170 ' lbs., $6.50; choice up to $6.75; sows. 54®4.75: smooth lightweights. $5. Cattle—Receipts. 350; calves. 450; very slow, about steady; better grade grass steers and heifers. s7® 8.25; a few fed yearlings up to $9; common and medium on peddling basis at $4.50@6'.50; most beef cows. [email protected]: low cutters and cutter cows. [email protected]; bulls. s3®4: vealers active, steady; good and choice, s9®lo: lower grades. $9 down. Sheep—Receipts. 1.300; lambs, weak to 50c lower: better grade ewe and wether lambs, $7.50®8: common throwouts hard to move at s4fi; 4.50. mostly; buck lambs. [email protected]; sheep in very narrow demand; fat ewes mostly $1.50 downward.

WLS National Barn Dance Assisted by Artists 40 RADIO STARS 40 In Person SATURDAY NIGHT—SEPT. STH COLISEUM—FAIRGROUNDS Tickets 50 Cents —Includes Admission to Fairgrounds and .Coliseum After 6:00 P. M. On Sale at Hook’s Dependable Drug Stores A Radio Star-Spangled Night!

SEVENTY-NINTH ANNUAL INDIANA STATE FAIR Sept. 5-6-7-8-9-10-11-12 Purses and Premiums, $154,558.97 The Largest Number of Exhibitors Ever Entered in An INDIANA STATE FAiR ADMISSION Adults, 50c-Children, 25c > INDIANA STATE FAIR C. Y. Foster, Pres. E. J. Barker, Sec.

Dow-Jones Summary

! American Home Products Corporation I and subsidiaries in six months ot June 30. net profit *1.694.983 after depreciation, federal taxes, etc., eaual to $2.77 a share on 611.000 shares, against *1.583.189, or *2.59 a share in first half of 1930. Federal Light and Traction Company and subsidiaries in twelve months to July 31. net profit amounted to *2.107.037 after taxes, charges and preferred dividends of subsidiaries, bat before depreciation. against *2,156,548 in like period of 1930. New York cables opened in London at 4.86 7-32; Paris, checks. 123.95; Amsterdam. 12.055; Italy. 92.945; Berlin, 20.50. Gasoline stocks declined 853.000 barrels to 33,215 barrels in week ended Aug. 29. according to American Petroleum Institute. Crude oil output during week averaged 1,751.550 barrels daily, a decline of 856,700 barrels daily. Atchison loaded 140.307 cars of revenue freight in August, against 160.887 in July and 159.414 in August, 1930. Virginia Electric & Power Company July balance after expenses and taxes amounted to $577,809 against *532,498 in July, 1930. • Twelve months to July 31. profit after taxes and charges, but before depreciation was $6,059,683 against $6,023,435 In previous twelve months. American Express Company declared a regular auarterly dividend of $1.50. Bankers Trust Coompanv declared a regular Quarterly dividend, 75 cents. Car loadings in United States in week ended Aue. 22. total 748.711 cars, an increase of 5.975 over previous week, but 191.847 below 1930 week. Russia Insurance declared a regular auarterly dividend of 55 cents. Central Public Service Corporation Julv sales of electricity amounted to 52.149 524 kwh. a gain of 11.02 per cent over Juiv 1930. Seven months 343.142.526 kwh a 1930 131 D6r C6nt OV6r like Deriod o£ Twin City Rapid Transit Company in seeking reduction of valuation for taxation purposes to $7,031,909 from 518.132.746 before Minnesota tax commission gave decline in market value of its securities as basic reason. Bank of Germany as of Aue. 31, shows gold 1.366.100.000 marks, against 1.365,900.000 on Aug. 22. Circulation 4.383.800 - 000 against 4,049.800.000 and ratio 39.3 per cent, against 41.4 per cent. PETTISPUTTING ON NOVEL SALE Big Event Directed by 35 Department Heads. Thirty-five department managers at the Pettis Dry Goods Company, 25 East Washington street, have joined in an unique sales event to demonstrate to the buying public of greater Indianapolis just what they can do during the month of September by conducting a storewide sale featuring fall and winter needs at unusual savings. Store executives decided several months ago to turn the Pettis store over to the group of department managers, who immediately selected a sales planning committee to direct general activities incident to the event during September. Sidney Rubin, manager of the furniture and house furnishings division, is chairman. His associates are Walter Bastian, Magnus Manson, C. J. Atkinson, M. B. Freeman and H. C. Wheeler, heads of the millinery, drapery, men’s furnishings, basement and display departments, respectively. The department managers’ September sales opened Tuesday with many special display features. Every day will bring numerous added bargains. Recent changes and newly installed departments include the opening of a frozen custard buffet, an orange*juice stand, an enlarged linens and domestics and bedding department and the expansion of the silks and wash goods divisions, all on the main floor, where the pattern department has been newly located in more commodious quarters. The second floor includes a beautirful new shoe department and an exquisitely created millinery department, and the relocation of the corset, infants’ wear and children’s apparel sections to which more space has been allotted.

AMUSEMENTS Disregard Sell-Out Rumors! Some Desirable Seats at All Prices Each Performance! America’s Great Star i GUY BATES POST IN “THE MASQUERADER” I SPECIAL PRICES NRes. ........ 75c, SI.OO. $1.25 Mats. Wed. Thurs. Sat.. 25c, 50c, 75c (None Higher) Sunday—B:3o. Held Over Extra IVeekGuy Bates Post in “The Play’s the Thing." “Tae Greeks Had a Word For It”—Soon!

0. S. TREASURY DEFICIT HIKE IS SEEN IFOR 1932 First Two Months Figures Indicate Larger Boost; Wood Sees Hoover. By United Press WASHINGTON. Sept. 2.—The government’s difficult financial position which may lead to increased taxes this year or next, was revealed further today in treasury figures on the first two months of the fiscal year. The deficit after two months was $396,365,600, the treasury announced. This compares with a deficit for the same period of the past fiscal year of $240,730,681. That would indicate a much larger deficit at the end of the present fiscal year, than that $903,000,000 deficit on last June 30. Begins Upward Move The nation’s public debt is beginning a slow upward movement again. The debt is $16,863,781,233, which compared with $16,187,636,782 a year ago. At its peak on Aug. 31, 1919, the public debt, swollen by World war expenditures, totaled $25,596,701,648. Secretary of Treasury Mellon reduced the debt, but it is rising as depression reduces revenues and adds to the ordinary cost of government. Income tax collections decreased $11,000,000 in the first two months of the new fiscal year. Collections were $46,579,466 compared with $55,865,724 for the corresponding two months of the past fiscal year. Internal revenue collections including miscellaneous taxes of all sorts in July and August were $23,000,000 under collections for those two months a year ago. Collections for those months were $141,776,817 this year and $165,031,334 a year ago. Customs Revenue Up Customs revenues were greater than for the first two months of last year. These collections were $72,719,738 compared with $58,279,395. Customs revenues for the two months last year were far below normal. General government expenditures, which were about $111,000,000 above those for the corresponding two months of the last fiscal year, accounted for a considerable part of the deficit thus far shown. General expenditures during July and August were $482,052,462 as compared with $371,078,487 a year ago. Coincident with announcement of the treasury figures, Chairman Wood of the house appropriations committee, conferred with President Hoover at the White House. Wood came away advocating reduced army and navy expenditures. He said he did not approve of Secretary of Treasury Mellon’s long-term $800,000,000 bond issue. Wood said he would prefer continuation of short term flotations. Accidental Shot Fatal By United Press NOBLESVILLE, Sept. 2.—A bullet wound in the head, suffered accidentally while shooting at a mark, caused the death of Clarence Neese, 16, living on a farm near here. MOTION PICTURES

HURBY—LAST aw. seats THBEE DAYS! |2sc[ World Premier Showing “WATERLOO BRIDGE’’ with MAE CLARK SLIM SUMMERVILLE Comedy Hit “First to Fight” Gala State Fair Week Attraction—Starting SATURDAY Thrills V™ Thrills! Romance —Drama —Action s’ m A Beautiful m white Ca P* tive Fights mM ** + f<> r a Man's Love in the IiPW Hell of the Jungles! The most v amazing story of WornliSSgjffft; j ans Love and ? 'Hr Man’s Bra very IB 1 ever told. I/I AST of {BORNEO (A CHARLES BICKFORD Seal ROSE A lifetime v °T thrills S'* you'll nev- * * er forget. Extra—Coach (Hunk) Anderson I and Notre Dame Football Stars I In “Shifts,”

Bright Spots of Business

Br Unltfd Frrss I NEW YORK. Sept. 2.—E’cctricltv output on ATtlantle seaboard increased 2.83 per cent In week ended Aua. 29. compared with year aeo. Philadelphia—Pennsylvania railroad carloadir.es week ended Aue. 29. 116.127 cars, acainst 114.581 cars in precedlne week. NEW YORK—Abitibi Pulp and Paper Company to reopen newsprint mill at Sault Ste. Marie, closed since November. 1930. NEW YORK—Richfield Oil Company of New York and Standard Oil ol Ohio raise easollne prices. BUTLER. Pa.—Butler plant of Standard Plate Glass Company to reopen with 200 employes after two-vear shutdown. Chicago Grain Range —Sept. 2 WHEAT— Prev. High. Low. 11:00. close. Sept .46% .46% .46% .46% Dec 50 .49% .49% .49% Mar 53% .53 .53% .52% May 55 .54% .54% .54% CORN— Sept 43% .43% .43% .43% Dec 39% .39 .39% .39% Mar 41% .41% .41 % .41% May 44% .43% .44 .44 OATS— Sept 21% .21% .21% .21% Dec 23% .23% .23% .23 May 25% .25% .25% .25% RYE— SfPt .34% P, ec 36% .37 M V 41 .40% .40% .41 LARD— Sept 7 20 7.17 get 720 720 Dec 7.32 By Times Special CHICAGO. Sept. 2.—Carlots: Wheat. 42 corn. 49; oats. 45; rve. 0. and barley. 10. Marriage Licenses D A. Bache. 21. Columbus, actor, and Roberta Overstreet. 21. of 1614 South Delaware street, stenographer. Dean O Rank. 23. jf 1429 Roosevelt en * e ios3 ,es J? la n- and Margaret H. Shouse. 24 of 630% East Michigan street, waitress. _/Jettn F. Schubert. 25. of R. R. 3. Box 70. 7 ri ßox r '2B” nd MafV E ‘ Busa,d - 20 - of R- R. James H. Link. 21. of 543 Prescott ave?n(?Uf S oo a nd t nt 7J l J# Helen Maria Kendad. South Warman avenue, student. Walter Carter. 36. Chicago, traveling salesman, and Mary Pavne. 26. of 810% N°rih Illinois street, stenographer. Thomas Hicks. 27. of Buffalo. N. Y.. salesman, and Carolyn Steinbrenner, 27. ol Spink Arms, stenographer. Leon F. Adams. 19. of 205 Fulton street, baker, and Hazel Jackson. 18. of 412 Spring street, saleswoman. Flovd E. Lauck. 21. of 219 Grant avenue. l°x? r %S n ?T Evangeline B. Conrad. 21. of 856 North New Jersey street. Jack Hess. 21. R. R. 16. Box 173. meat cutter, and Marv Jones. 19. of 406 East Terrace aevnue. houseworker. Frank B. Schlegel. 42. of 257 North Mount street, pressman, and Dosia Inez Edwards. 19. of 419 South Harris avenue. Ogdon Allen. 31. of 729 Park avenue, carpenter, and Bessie Allen. 24. of 4923 Baltimore avenue, housekeeper. Building Permits Walter C. Miller, dwelling. 5763 North New Jersey. $4,000. ter*is3oo Mahoney - K ara ße. 930 North RitMinnie Mahoney, dwelling. 930 North Ritter. $5,000. Cadle tabernacle, repairs. 326 East Ohio, S7OO. George J. Hernmann, addition. 3496 East Minnesota. 6400. Davan Company, alterations. 25 West Washington. $5,000. Chicago Stocks Opening (Bv James T. Hamill & Cos.) —Sept. 2 Open: Open Ass Tel Util... 23% Mid United com 16% Bendix Avia ... 23 Nafl Std 26 Borg Warner .. 19 jSbd Utilities ... 2% Central 111 20 Swift &Cos 26 Cent Pub Serv A 6%jSwift Inti 34 Cont Chi com. . 4% U S Rad & Tel 30 Grigsby Grunow 3% U S Gypsum ... 36 Gt Lks Arcft... 4 iValgreen Strs .. 18 Insull com 27 I

MOTION PICTURES

THE 3K3 CM£S FLAY fjllj HURRY! HURRY! More Lovable—More Adorable Than Ever ... Janet Gaynor v vina * "__!s E . r( . e j S T lame* Dunn—Sally Filers — ’ "• 9

One breathless triumph right after another— A procession of New Fall Hits that is amazing a!I Indian apolisi Look below what we’ve - booked for Fair Week! mod “AMFBirAN I CLAUDETTE COLBERT 1 TRAGEOY ” I of m II MAfiQM jAk" J |II! jgtl fnIaTEVALIER. W: I ‘Brand- The Jmiling Lieutenant ’ Pk Coming Back by Public Demand!

SEPT. 2, 1931

STRONG CABLE REPORTS SEND GRAINSHIGHER Lack of Heavy Deliveries Is Bullish Influence on Trade. BY HAROLD E. RAIWILLE United Press Staff Correspondent CHICAGO. Srpt. 2.—Firmness at Liverpool and further small deliveries gave wheat a steady to strong opening on the Board of Trade today, but trade was very slow. A few scattered buying orders found little pressure at the start. Liverpool was firm on a break in the weather and firmness in stocks. Corn was unevenly steady with March showing weakness, but the other months mostly firm. Oats were firm. At the opening wheat was % to % cent higher, corn was cent lower to •% cent higher and oats were unchanged to % cent higher. Provisions were slow. Liverpool Moves Up Liverpool was slightly higher than expected and stood to 3 * cent up at midafternoon. There is sufficient investment buying coming into May wheat to keep the market steady despite occasional periods of weakness but not enough to advance prices. Speculative interest, and leadership are lacking and detract from the activity. Private estimates are due today and expected to be about the same as the government's August report. All leading produce and stock exchanges will be closed Saturday and Monday. The fact that there were no deliveries of September corn on contract Tuesday or today was the biggest surprise to the trade this season. Anywhere from 1.009,000 to 3,000,000 bushels had been expected Tuesday. More Rain Forecast Large charterings and cash sales late Tuesday gave the trade the idea that the large holder was making sales direct to the consumers or rehandlers. Heavy rains in the last twenty-four hours have aroused concern as moisture delays maturity and increases susceptibility to frost. More rains were had overnight. A steady cash market is giving the futures a firm tone in the oats pit, but activity has not increased. Elevator houses are buying September and selling December, giving them the cash article.

MOTION PICTURES 5£S LIONEL Barrymore SWjMADGE EVANS S KAY FRANCIS POLLY MORAN M.G. M/j tfirill ptcturpl Also William T. Tilden 2nd STARTIXG SATURDAY" A daughter of Today—with a mother of Today! Then the whisper of scandal crashed their lives and loves! Cpp^d With NEIL HAMILTON! PAULINE FREDERICK MONROE OWSLEY Metro-Goldiryn-Mcyer Picture