Indianapolis Times, Volume 43, Number 99, Indianapolis, Marion County, 3 September 1931 — Page 16

PAGE 16

STOCKS DIP AS LONG HOLDINGS FLOOD MARKET Selling Appears Early and Continues Throughout Morning.

Average Stock Prices

i vr*s, of thlrlv- industrials for Wednes°S 151 Average of twenty minn* s A 3 * c? ff £.69. Average of twenty Wi*M.39 8 0fl 0 Te. 91, Averaec 01 fortv by RICHARD T. GRIDLEY Financial Writer NEW YORK, Sept. 3.—Discouraged investors and speculators dumped their holdings during the morning trading on the Stock Exchange today. By noon market leaders had suffered losses of 1 to 3 points, while some of the lessar known issues took greater losses. Unimpressive action of the market Wednesday, sweeping declines on the Berlin bourse after that market opened following its sevenweek shutdown and continued unfavorable business developments were factors in the renewed decline. A 10-point break in J. I. Case, following suspension of dividends and fears of similar action by other companies also unnerved traders.

Selling Appears Early Selling made its appearance at the opening and continued with little interruption during the remainder of the morning. Stop-loss orders were touched off in large volume as stock after stock penetrated recent support levels. Many shares, mostly rails, sold at their lowest prices in a decade. The ease in which stocks vvorked lower encouraged further professional selling and transactions were swollen to their largest volume in several weeks. More than half million shares changed hands in the first two hours. Action of the leaders was particularly discouraging. Steel common, which had been looked upon as a bulwark for the bull forces, quickly fell more than 2 points to 83%, less than a point from its extreme low of 83Is, touched last month. Westinghouse Electric, American Can and American Telephone, all of which arc suffering from fears of adverse dividend action, lost 2 to 3 points. Utilities Arc Weak Sweeping declines occurred in some of the less active rail shares. Texas & Pacific dropped 32% points to 55 on a single sale; Central Railroad of New Jersey, 22 points to 150, and Reading 7% points to 55. The more active rails lost 1 to 2 points with New York Central, Pennsylvania, Chicago-Northwest-ern, Atchison, and Missouri-Pacific preferred all in new low ground. Utilities met less support than recently. The International Utility issues such as American and Foreign Power and International Telephone, were weak on renewed South American and Spanish disturbances. Interest in the oils ebbed and they drifted lower with the remainder of the list.

Bank Clearings

INDIANAPOLIS STATEMENT —Sept. 3 Clearines $3,297,000 Debits 5,377,000 CHICAGO STATEMENT —Sept. 3 Clearings $58,400,000 Balances 6,000.000 TREASURY STATEMENT —Sept. 3 Net balance for Sept. 1 $130,596,350.56 Expenditures 5.890.389.91 Customs rects. mo. to date.. 766.164.14

New York Bank Stocks

(By Thomson & McKinnon) Bid. Ask. America 38 41 Bankers 885* 91% Brooklyn Trust 345 355 Central Hanover 202 207 Chase National .. •• 58% 61% Chatham Phoenix Natl 50 53 Chemical 44 46 City National 77 78 Corn Exchange 93% 97% Commercial 230 238 Continental 23% 26% Empire 41 % 46% First National 3.350 3.550 Guaranty 441 446 Irving 29% 31% Manhattan Sc Cos 59V* 62% Manufacturers 45% 47% New York Trust 133 138 Public 39% 41%

Investment Trust Shares

(By Gibson & Bernard I TRICES ARE TO 12 NOON C. S. T. —Sept. 3 Bid. Ask. Amer Found's Corp com 2 3 2 3 ,. Am ft Gen Sec "A" 11' 2 ... Am Inv Trust Shares 4 1 . 4 3 / B.?nic Industry Shares 4 s * s:is5 :i s Corporate Trust Shares 4' 9 4 5 g Cumulative Trust Shares 6 6- l Diversified Trustee Shares A 14 V* ... First American Corp 6 3 . 7Vi Fixed Trust Oil Shares 4'g ... Fixed Trust Shares "A" 12 Inv Trust N Y 7Vi Leaders of Industry Scries A 6'. ... Low Priced Shares 6'j 6 7 g Nation Wide Securities 5 3 s’g National Industry Shares 4 5 g s'g N Am Trust Shares 4 1 . 4*4 Sel Am Shares 4>g 4 5 g Shawmut Bank Inv Trust .... 7>a B'a Universal Trust Shares 4 5 g s'g Super Corp of Am Tr Sh "A" s’a 5 1 * Fundamental Trust Shares A 5 3 . 6 1 * Fundamental Trust Shares B. 6 6' 2 U S Elec Light ft Pwr A 28 ■* 301. Standard Amer Trust Shares .. 5 3 s s’g

New York Curb Market

(Bv Thomson & McKinnon) —Scut. 3 11:30! 11:30 Alum Cos of Am 122 ,Ind Terr A 9H Am Cvnamid .. 7V4(Mldwest Ut 16'* Am G ft Elec.. 65 l t Mo Kan Pipe... 4V* Am Lt ft Trac333.6 3 . Nat Avia 6 Am Sup Pwr... 10 s g Nat Inv 4 ? i Ark Gas A.... 4 iNia Hud Pwr... 10 3 As Gas El A., ll’i Penroad 5 3 g Can Marc 2 Salt Creek B*.* Cent Sts Elec... 6 3 * Sol Indus 2 7 g Cities Serv 9 s i Shenandoah .... 4 Cons Gas Balt. 38* 2 Std of Ind .... 25'4 Deere & C 0.... 16** Un Gas 5 3 . Elec Bnd Sh... 36> a Un Lt * Pwr... 19 Ford of Ena... lit * Indus 5Mi Ford of Fr Pwr B 8% Goldman Sachs Van Camp .... 4 Oulf Oil 59*2,United Fndrs... 4 3 Hudson Bay 3 3 -!

Local Wagon Wheat

Cltv grain elevators are baying 36c for No 2 red wheat ana 35c for No. 2 hard wheat. Chicago Stocks Opening <Bv James T. Hamill & Cos.) -—Sent, 3 Bendix Avta 22lnsull com 26 l s Bore Warner.. 18' x lnsull Did 78 Cent So Wst... 16 3 g Lib McNeil prod 10 Cord Corp .... 7 Middle West... 16V* Cont Chi 01d... 34 N and So Am A 5 Comm Edison ..196 U S Rad Si Tei 37‘a Cheo Sec 13\ Ut ft Indus com s>i Oriesbv Grunow 3'g'Ut St Indus ufd. 17Vi Ot Lks Arcft... 3VlWalgreen Btrs.. 17b New York Liberty Bonds —Sept. 2 3Via 103 9 Ist 4'g 102.30 4th 4Vis 104.28 Treasury 4'*s 112.13 Treasury 4s 108 6 Treasury 3 it 108.8 . Treasury 3 1 ** of '47 102.22 bt oi U (March) 102.23

New York Stocks <Bv Thomson Sc McKinnon 1

—Sept. I Prey. Railroad*— High. Low. 11:30. close. Atchison 132 1 131*4 132% 133’. Atl Coast Line 84’.* Balt Sc 0hi0.... 43% 43 43> 43'* Chesa Sc Ohio 35'. 35% Chesa Corn ... 33' * 33' t 33’* 33% Chi N West 22% 22 22% 22' 2 C R 1 Sc P 34% Del L Sc W 48’2 49 Del Sc Hudson. 108% 109 Erie 16'* 17’. Great Northern 33 s * 32 s * Illinois Central 36 36 Lou Sc Nash 62'2 ... M K Sc T 11 Mo Paciflc 16'* lfl% 18’2 16V* Mo Paciflc Dfd 47% 48 N Y Central.... 66% 65% 65'2 67'/ Nickel Plate 20 NY NH Sc H . 52 50 50'4 52 Nor Paciflc 31 Va 33% Norfolk Sc West 153 153 O Sc W 12 12 Pennsylvania 37% 36% 36% 37% Reading 62 62’, 2 So Paciflc 71% 70% 70% 71 Southern Rv 24 24 St Paul 4% 4 4 4% St Paul pfd 7 7% St L & S F 14 Texas Sc Pac 55 Union Paciflc .138 137% 138 133 Wabash 9 W Maryland.... 11% 11% 11% 11% Equipments—

Am Locomotive 15% 16% Am Steel Fd 14% ... Am Airbrake S 17 Gen Am Tank 56 General Elec .. 40% 39% 4040% Gen Rv Signal 47% 48% Press Stl Car 3 Pullman 29V* Westingh Alrb .... 23 Westingh Elec .. 61% 50% 59% 62 Rubbers—

Fisk % Goodrich 12 Goodyear 4040 V* Kelly Sprgfld... 2 1% 1% 1% Lee Rubber I*4 ... U S Rubber 13 13% Motors— Auburn 133 130% 131% 134 Chrysler 21% 21% 21% 22 Graham Paige 2% General Motors 35% 35% 35% 35% Hudson 13% 13% Hupp 6% 6% Mack 28 s * 28% 28% 29 Marmon 2% Nash 25 Packard ... 6% 6% Reo 5% 5 5% 5 Studebaker ... 16% 16 16 16% Yellow Truck.. 7-,2 7 7% 7% Motor Access— Bendix Aviation 22'* 22V* 22% 22% Borg Warner 18%- 18% Briggs 12% 12% 12% 12 Vs Buda Wheel 8 Eaton 13% 13% El Storage B 53 V* Houda 6% 6 6 6% Motor Wheel 8% b '♦ Sparks W 6% 6% Stewart Warner 10% 10 s * Timken Roll 3134 31% Minins — Am Smelt 30% 30% Am Zinc 5 5 Anaconda Cop .. 23% 23% 23% 24 Cal & Hecla 6 6 Cal Sc Ariz.... ... ... 37% ... Cerro de Pasco.. 15 15% Dome Mines 12 11% 11% 113,4 Freeport Texas 26 26% Great Nor Ore 18% 18% Howe Sound 19 Int Nickel 12% 12% 12% 12% Inspiration 5% Kennecott Cop... 16% 16% 16% 16% Magma Cop 13% ... Nev Cons 8 8% Texas Gul Sul.. 34 33% 33% 34 U S Smelt 15 15 Oils— Amerada 18 Am Republic 6% Atl Refining ... 15% 15% 15% 16 Barnsdall 8% 8% Houston 8% Indian Refining 33% Ohio Oil 11 Mex Sbd 13% 13% 13% 13% Mid Conti 91/, 93,4 Phillips 9 9% Pr Oil & Gas 11% ... Pure Oil 8% .. Richfield 1% 1% Royal Dutch 23 22 % Shell Un 5% Sinclair 10% 10% 10% 10% Skelly 6% Stand of Cal... 39% 39% 39V* 40 Stand of N J... 39% 39 39 39% Soc Vac 18% 18% 18% 19 Texas Cos 26 25% 26 26 Union Oil 16% Steels— 8 Am Roll Mills ... 20% Bethlehem 38% 38% 38 V 4 38% Bvers AM ... 30% Colo Fuel " 13 8 Cruc Steel 38% 38% Inland 11% Ludlum ... . ii3i Midland 14V* 14 ii . Newton ... . 714 Repub I & S 13' U S Steel 85% 85 85V* 86V* Vanadium 26% 26% 26% 27V* Youngst S Sc W .. 16 Tobaccos— A Tob A (new) 106% 106 106 106% A Tob B (new) 109V* 109. 109% 109% General Cigar.. .. ... 35 ... Lie Sc M.vers (B) 66 66% Lori Hard 16% 16% 16% 16% Reynolds Tob... 48% 48% 48% 48% Tob Pr B 3% United Cig 4 Utilities—

Abitibi 4 Adams Exp 13% 13% Am For Pwr.. 27% 27% 27% 27% Am Pwr & Li 34% A T & T 169% 168% 168% 170% Col Gas & E 1... 28% 28% 28% 29% Com Sc Sou... 8 7% 8 7% El Pwr & Li... 38% 38% 38% 39 Gen Gas A 4% 4% Inti T & T. ... 27% 27% 27% 27% Natl Pwr & Li... 24% 24% 24% 24V* No Amer Cos 67% 67% 67% 68 Pac Gas & El 45% 45 7 / 8 Pub Ser N J.... 79 78% 78% 79% So Cal Edison 43 43% Std G & E 1... 62% 61% 62 62 United Coro 22 21% 21% 22% Ut Pwr & L A 23% 23% West Union ...113 110% 110% 110% Shippiny— Am Inti Coro 13 13% United Fruit 54 Foods— Am Sur 54% 54% 54% 54% Beechnut Pke 50 Cal PkR 22% ... Can Drv 33V* 34 Childs Cos 17% 17% Coca Cola 144% 142 142 145 Vi Cont Baking (A) 12 ... Corn Prod 65 65% Cuban Am Sur 3% Gen Foods .... 49% 49 49% 50 Grand Union 16 16% Hershey 96% Jewel Tea , 42 Kroger 30% 30 % 30% 30% Nat Biscuit 57% Pillsbury 27% 27% Purity Bak 21% 21% 21% 21% Safeway St 62% 62% 62% 63 Std Brands 19 18% 18% 19 Ward Bkg 3% 3% Drugs— Coty Inc ... 1% 7% Lambert Cos .... 70% 68% 70% 69% Industrials — Am Radiator 12 12 Certatntced 5 ... Gen Asphalt ... 20 20 Indus Chems— . Allied Clrem ....109V* 108% 108% 109 1 /*

Produce Markets

Eggs (country run)—Loss off delivered In Indianapolis 12c: henerv quality No. 1. 14c: No. 2. 9c. Poultry (buying prices)—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 lbs. and over. 20c; under 4 lbs., 17c: ducks. 9c: old cocks. B@9c: ducks, full feathered, fat whites. 9c: geese. 6c. These prices are for No. 1 top quality auoted bv Kingan St Cos Butter (wholesale) —No. ,1. 31ffi32c; Nc. 2 29® 30c. Butterfat—27e. , Cheese (wholesale selling price per pound)—American loaf. 23 s /c; pimento loaf 25 3 .c: Wisconsin firsts. 19c: Longhorns. 19c: New York Umberger. 30c By United Press NEW YORK. Sept. 3 —Potatoes—Market, quiet and easy: Long Islands, barrel, $1.75 ©2; New Jersey. $1(1.60 per basket. Sweet potatoes—Market quiet: iersey baskets. 50c (it $1.75: southern baskets. 50©75c; southern barrels. s2® 2.50. Flour —Market, dull and easy; spring patents. [email protected] per barrel. Pork—Market, steady; mess. s2l. Lard—Market, firm: middle west spot, .075®,076c per lb. Tallow—Market, auiet; special to extra. 2Vi©2 3 c per lb. Dressed poultry—Market, steady: turkeys. 25® 50c: chickens. 20 6 42c: broilers. 21 ©3sc: fowls. 12® 31c; dticks. 13©18c. Live poultry Market, steady: geese. 10@12c; ducks, 12 Si22c; fowls. 18©26c: turkevs. 20©30c: roosters. 14©15c. Cheese—Market, steady: state whole milk, fancy to special. 15Va@ 23 l iC; young Americas. 16 1 /2©l6 3 c. By United Press CINCINNATL 0.. Sept. 3. Butter, steady: creamery :n tub lots according to score 24® 26c: common score discounted 2©3c: packing stock No. 1. 20c; No. 2,17 c: No. 3.12 c; butter fat. 25®27c. Eggs— Steady: cases included; extra firsts. 22c; firsts. 18' 2 c: seconds, 17c: nearby ungraded. 18'iC. 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. ana over. 16c; roosters, lie: broilers colored 1 lb. and over, 19c: I’ 2 lbs. and over 19c; 2 lbs. and over, 19c: fryers 3 lbs. and over. 20c; partly feathered 15c: Leghorn broilers 1 lb. and over. 19c: I*2 lbs. and over. 17c: 2 lbs. and over. 17c; black springers. 15c; roasting chickens 4 lbs. and over 22c. By United Press CLEVELAND. Sept. 3.—Butter—Extras. 32‘sc: standards. 32c: market, firm. Eggs —Extras. 25 c: firsts. 19c; ordinary firsts, 14> ? c: market. firm. Poultry—Heavy fowls. 23®24c: mediums. 22c; Leghorn. 15 ©18e: heavy broilers. 20® 23c: light broilers. 15® 19c: ducks. 12618 c: old cocks. 12614 c: market, easy. Potatoes — New Jersey cobblers. 52.05®2.15 per 150lb. sack: Ohio cobblers mostly 75c per bushel sack; Idaho Russian Burbanks. $2.15 per 150-lb. sack: Long Island mostly $2.15. lew $2.25 per 150-lb. sack. By United Press . ££ EV ? L '\ ND - Sect- 3.— Hogs—Receipts, 1.200: holdovers none; mostly 15® 25c higher: 160-250-lb. sorts. $7: heavier weight scarce; quality plain on few here; pigs. $6.25; light lights upward to $6.50. Cattle—Receipts. 375: draggr. demand narrow: weak, common to medium steers. $5.75 <16.75: best on sale eligible around J? : .l2?. cutWr ““dium cows steady, $1.50® 4.25, according to kind. Calves— Receipts 450; steady to strong: spots 50c higher: desirable vealers upward to $11; top. $11.50: most medium kind. $9.25culls. $76 8. Sheep—Receipts. 1.300: water soaked fleeces and ouaflty considered: lambs at $76 7.50; look steady to weak; nothing topov offered early; bulk throwouu aroimd $5u5.75. slues weak to lower.

Com Solv 16% 16% 16% 16% Union Carb 49 48% 48% 49% U 8 Ind Alco 32*4 33 Retail Stores— Assoc Drv Gds.. 19% 19% 19% 19% Gimbei Bros 5 Kr*?*e 8 S 27% 27% May D Store 32 32 % Mont Ward 19% 19% 19% 20 Penny J C 42% 42% 42% 42% Schulte Ret St 5% Sears Roe 55% 56 Woolworth 63% 68% 68% 69 Amusements— Col Graph 7% 7 7% 7% Croslev Radio 6 Eastman Kod ..139% 138% 138% 139% Fox Film A 14 Grigsby Gru 3% 3% Loews Inc .... 49% 49 49% 49°* Param Fam 24% 24 24 24 3 Radio Coro 19V* 19% 19% 19% R-K-O 15 143 143* 15% Schubert ... ... /% Warner Eros... *% 9% 9% 9% Miscellaneous— Airway Adp 3% City Ice & Fu 30 ... Congoleum 13% 14 Am Can 89 * 89% 89% 91% Cont Can 47V* 47 47% 4i% Curtiss Wr 2% 2* Gillette SR 18% 18% Real Silk ... 6% Un Arcft 27 26% 26% 27% Int Harv ... 36% 37% J I Coal 52% 49% 49% 58 Va

The City in Brief

FRIDAY EVENTS Exchange dub, luncheon, Lincoln. Optimist ClubT luncheon, Claypool. Altrusa Club, luncheon. Columbia Club. Phi Delta Theta, luncheon. Chamber of Commerce. Delta Chi. luncheon. Spink-Arms. Delta Tau Delta, luncheon, Columbia Club. . „ , Master Painter*’ Association, luncheon. Antlers. .. Indianapolis Round Table, luncheon, Board of Trade. Kappa Sigma, luncheon, Lincoln. A convention of field managers of the Western and Southern Life Insurance Company of Indiana and Kentucky opened today in the Claypool. Plans were laid for a fall campaign for insurance. Urging the enactment of a retail sales tax by the 1933 general as- ! sembly, Charles Parker of the state banking department spoke Wednesday at a meeting of the Apartment Owners’ Association in the SpinkArms. Three members of the national barn dance gang of radio station ; WLS will entertain patients at the i James Whitcomb Riley hospital at 2 p. m. Friday afternoon. The entertainers are Mac and Bob and Hugh Cross. They will sing “Smoky Mountain Boy.” The fall busines conference of dealers and salesmen of Frigidaire was held today in the Travertine room of the Lincoln. Clark S. Wheeler, president of the Refrigerating Corporation, a local distributor, presided at the meeting. Miss Virginia M. Goldsboro of Bedford has been awarded a Tri Kappa scholarship at Butler university, according to announcement of the national organization. Fifteen such awards are to be given this year, based on health, scholarship, character, personality and leadership. Community Christian church will hold its first services in its new location, 2243 North Meridian street. The church has been moved from Twenty-second and Illinois street, where it was located for almost three years.

Net Changes

By United Press NEW YORK, Sept. 2.—Closing prices and net changes on principal issues on the New York Stock Exchange today follow: American Can 91% 1% American Telephone 170% 2’ Auburn Auto 134 31/, Bethlehem Steel 38% 1 Byers AM 30% i% Case J X 58'/a 4% Chrysler 22 I>4 Consolidated Gas ■ 92% i% Electric Power 39 General Electric 40'i % General Motors 35% i, 2 International Telephone 27% % Loew’s Inc 49% ]4 Montgomery Ward 20 / 2 New York Central 67% 3% Pennsylvania 37% 2% Radio-Keith 151 8 1? Sears Roebuck 56 % Standard Oil New Jersey 39% % Socony-Vacuum 19 1/. Texas Corporation 26 i, Trans-America 6% % Union Carbide 491/g 2% United Corporation 22% i/-> U S Steel 86% 1% Vanadium 27% % Westinghouse Electric 62 1 Births Boys . Alva and Marie Ballard, Coleman hospital. Leslie and Idamae Barnhart. Coleman hospital. Waymouth and Eleanora Bowman. Coleman hospital. Chester and Louise Freeman, Coleman hospital. . William and Louise Jameson, Coleman hospital. Charles and Emma Thayer, Coleman hospital. Paul and Mary Tuttle, Coleman hospital. Oral and Dorothy Wood, Coleman hospltal. Leslie and Bessie Young, Coleman hospltal. w G , harles and Ada Mitchel, 1959 Broad/vin and Helen Fahrner, 1647 South Delaware. Carl and Ruth McLear. St. Vincent’s hospital. Ne l w l York nd Beatrice Banner, 4115 East Oxford 56 and Sophla chr >stian, 229 North Sheffield” and Blanche Mille r. 1245 South and Martha Meecham, 1110 Wright. Chester and MaC Southßate ’ 2627 North teenth and Mattie Wilson . 321 West SixOhio riS Bnd Sylvania Spurgeon. 538 East Grover and Viola Lash. 1310 Oliver E'™*r and Annie Woodson. 1341 Cornell. David and Grace Cook. 441 Haugh mitt hn and LUIU Lock ’ 225 Sout h Sumtimore 68 Bnd ade *tne Bullock, 2725 BalNinetee a nfh. and Frances Hale y- 323 West Tenth fleS and Sarah Hendrix, 628 West De?aware. Bnd Ruby Kreische r, 523 North Girls ho R pi r u an and Josephin Botts. Coleman oita°l WeU and Leona Coffman. Coleman hospiUl° nard and ° pal Thomas - Coleman hosma E n m ho n s d ita nd D ° r ° thV Van Buskirk ’ ColepitEarineSt and Gladys White ’ Coleman hosganZiCl Bnd Truly Dvar ’ 2234 East MichlDon and Bernice Black. 1507 Spruce hospital. Bnd Marle Kenn edy. Methodist hos Dital 1 ” and Gertrude w ood. Methodist Tibbs l and Gladvs Anderson. 517 South Holmes 6ll and Marv ° we ns. 1247 North William and Clemma Teal. 411 South Alabama. Oath anc: Hazel Parsley. 1615 Nowland Joseph and Susie Rose. 1938 Ludlow Albert and Rebecca Smith. 2110 Pleasant Twenty ”fth Elizabeth Curry. 727 West Rolind and Paulene Oakes. 818 Beecher Martin and Lillian Krauss. 453 Shelbv Howard and Josephine Lahr. 414 Dorman. Otto and Bernice Jessee, 3143 Hovey. Twins Walter and Pearl Johnson. 1403 St. Paul, bovs. Roberts and Bessie Haley. 605 Dorman, bovs. Deaths Mary Murphy. 69, 520 East Vermont, arteriosclerosis. Jacob Rudolph Wickerham. 14. Methodist hospital, diabetes mellitus. Amanda Hall. 61, city hospital, carcinoma. W. Harvey Evans. 45. 3302 Graceland, chronic myocarditis. Carl Skeen. 25. 417 North Jefferson, fractured skull. Vera Henderson. 27. Methodist hospital, general peritonitis. Sarah E. Blackwell. 83. 1038 East Morgan. organic heart disease. Ella Burke Nicholas. 73, 5860 Forest, carcinoma. James Russell Adams. 2 months. 2327 West Michigan, acute nephritis. Üba Strawmeyer.aro, Coleman hospital, toxic myocarditis. V

THE INDIANAPOLIS TIMES

PORKER PRICES DROP 15 CENTS IN DULLTRADE Cattle Slow and Irregular; Vealers Move Up 50 Cents Early. Hogs showed slight weakness this morning at the city yards, prices for the most part declining 15 cents. The bulk, 160 to 325 pounds sold for $6.45 to $6.75;, early top holding at $6.75. Receipts were estimated at 6,000; holdovers were 106. In the cattle market steers were about steady; she stock dull and all kinds showing a lower tendency. Receipts were 800. Vealers were up 50 cents at $lO down. Calf receipts numbered 500. Cqnsidering quality and sorts lambs were up 25 cents or more. The bulk sold for $6.50 to $7.50 with practical top at $7.75. Odd head sold at SB. Receipts were 800. Chicago hog receipts were 19,000, including 3,000 direct. Holdovers, 6,000. Market slow, with a few early bids around steady to weak at Wednesday’s average. Good to choice hogs weighing from 170 to 240 pounds were selling at $6.50 to $6.75, while heavier weights around 280 pounds were bid at $6.85. Cattle receipts were 5,000. Calves 2,000, and steady. Sheep receipts were 20, market steady. HOGS Aug. Bulk. Early top. Receipts. 27. 56.45® 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. 6.55® 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 3. 6.45® 6.75 6.75 6,000

—Sept. 3 Receipts, 6,000; market, lower. —Light Lights—-(l4o-160) Good and choice...s 6.10@ 6.25 —Light Weights—-(l6o-180) Good and choice.... 6.55® 6.70 180-200) 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-260) Good and choice... 6.60® 6.70 (290-350) Medium and good.. 6.30® 6.60 —Packing Sows (275-500) Medium and good.. 4.00® 5.50 (100-130) Slaughter pigs 6.00® 6.10 CATTLE (Slaughter Class) Receipts, 800; 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, higher. —Vealers — Good and choice $ [email protected] Medium 7.50® 9.50 Cull and common 5.50© 7.50 —Calves— Good and choice 6.00® 7.50 Common and med.un, 3.50© C.OO 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, 800; market, higher. Good and choice $ 6.50® 8.00 Common and medium 3.00© 6.50 Ewes, medium and choice.... 1.50® 2.50 Cull and common 50© 1.50

Other Livestock By United Press .CHICAGO, Sept. 3.—Hogs—Receipts. 19,000; including 3,000 direct; steady lo 10c lower; packing sows, steady to 15c higher; 190-250 lbs., $6.50fe6.75; top, $6.75; 260320 lbs.. $6<7f;6.65; pigs. $5(<t5.50: packing sows. [email protected]: smooth sorts to $5.65; light lights, 140-160 lbs., good and choice. light weight. 160-200 lbs., good and choice, 56.15®’6.75; medium weights, 200-250 lbs., good and choice. $6.50(0/6.75; heavy weights. 250-350 lbs., good and choice. $5.65f:6.55: packing sows, 275-500 lbs., medium and good. [email protected]; slaughter pigs. 100-180 lbs., good and choice $4.75(</;5.75. Cattle—Receipts. 5,000; calves. 2.000; weighty fed steers. 10 (a. 15c higher on active market, largely shipper demand; yearlings and lgiht steers slow, steady to weak: best weighty steers now outselling comparable grades yearlings; early top. $lO.lO on 1.348-lb. averages, numerous loads with weight. [email protected]: bulls, firm and vealers, 50c higher. Slaughter cattle and vealers—Steers. 600-900 lbs., good and choice. $7.75@10: 1100-1300 lbs., good and choice. [email protected]: 1300-1500 lbs., good and choice. $7.75/7410.15: 600-1300 lbs., common and medium. [email protected]: heifers. 550850 lbs., good and choice, [email protected]; common and medium, $3.25®7.25; cows, good apd choice. $4<5;6.75: common and medium, $2.75@4; low cutter and cutters. 51.75® 2.75: bulls, yearlings excluded, good and choice,' beef. 54&5.25; cutter to medium. [email protected]; vealers. milk fed. good and choice. s9@ll; medium. s7@9: cull and common. $5 @7. Stocker and feeder cattle —Steers. 500-1050 lbs., good and choice. $5.50@7: common and medium. $4fe5.50. Sheep—Receipts. 20,000: fat lambs, slow; early bids, steady; few sales choice, natives strong at $7.85 to outsiders: bulk to packers. 57<5:7.50: no early sales range lambs, bidding $7.50 for best sorts; sheep, steady; feeders active, strong. Slaughter sheep and lambs—Lambs 90 lbs. down, good and choice. [email protected]: medium. $5,257/4 6.75: all weights common. $3.75(7/5.25; ewes 90-150 lbs., medium to choice. [email protected]; all weights cull and common. [email protected]; feeding lambs. 50-75 lbs., good and choice, $5.25® 5.85, By United Press FT. WAYNE. Sept. 3.—Hogs. 15@20c lower: 100-140 lbs.. $5.75; 140-160 lbs.. $6; 160-180 lbs.. $6.20: 180-200 lbs.. $6.30; 200225 lbs.. $6.40: 225-250 lbs., $6.50; 250-275 lbs.. $6.35: 275-300 lbs.. $6.25: 300-350 lbs., $6.10; roughs. $4.25: stags. $2.75; calves, (9.50: lambs. $6.50. By United Press ST. LOUIS. Sept. 3.—Hogs—Receipts. 8.000: market, mostly 10@15c lower; bulk. 170-240 lbs.. $6.25®6.50: some lots, $6.5544 6.60; 300-310 lbs.. $6; 130-160 lbs.. $5.75(74 6.25: 100-130 lbs.. $5.50<&5.90; sows, largely [email protected]. Cattle—Receipts. 2.000; calves, receipts. 1,200: market, general market showing no action; steers, especially native fed kind, verv scarce; strong on some early native deals at $7.50(7/8.25; western steers at [email protected]; fat heifers. $7.50/7/9; cows. $3.25444.25; low cutters. $1.5002.25: top medium bulls. $3.50; vealers steady to 25c lower at $10.25. Sheep—Receipts. 1.500; market, opened steady to city butchers; choice lambs $7.50; indications steady to packers. By Times Special LOUISVILLE. Sept. 3.—Hogs—Receipts. 400; steady; 175-240. $6.65; 240-300 lbs.. $6.40: 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. Cattle—Receipts, 200; steady; medium and good slaughter steers and heifers. $5.50@7. Calves —Receipts. 350: steady; best vealers, $8.50: medium. Calves, $4.50(7/6; throwout vealers, $5.50 down. Sheep and lambs—Receipts. 500: steady; best fat lambs. $6.75@7; buck lambs. $6; light slaughter lambs. s4® 5; throwouts. $3.50 down: western breeding ewes mostly $7.50 per head. Wednesday's shipments: Cattle, 65; calves, 203; hogs, none; sheep. 272. By United Press CINCINNATI. Sept. 3.—Hogs—Receipts. 3.300: held over none; moderately active steady; better grade. 180-240 lbs., largely S7; some 250-300 lbs.. $6.60®6.85; 120-150 lbs.. $6.25; 150-170 lbs.. $6.50; choice up to $6.75 or better; sows. $4(0,4.75: smooth lightweights. $5. Cattle—Receipts. 450; calves. 500: slow, about steacy: odd lots better grade steers and heifers. $7.25®8.50; common and medium. $5.50(56.50; beef I cows. $3.50/0.4.50: low cutters and cutter 1 cows. $2®3.25: bulls. S3/&4; vealers fully steady; good and choice. $9(010; lower grades. $9 down. Sheep—Receipts. 1.250: slow, barely steady to weak, quality in general not very desirable; better grade ewe and wether lambs. $7 to mostly $7.50; $8 paid sparingly on best kind; common throwouts hard to move at [email protected] mostly; buck lambs. s6® 6.50; fat ewes largely $1.50 down. By Times Special EAST BUFFALO. Sept. 3 Hogs—On sale. 800: fairly active, steady to 10c higher; 180-200 ibs., $7.25; one load outstanding 200 lbs., $7.35; few, 360-300-lb. butchers. $7.10i7.25; weights below 150 Ibs.. $6.2566.50. Cattle—Receipts. 300; trade, slow, bulk grass steers unsold; shortfed yearlings. $7.75; common and medium grassers. $5 25® 6.25; cutter cows. $1,506 2.75; calves, receipts, 300; nearby vealers. active, steady: good to choice, $10.50 to mostly sll, grassy kinds slow, $lO down. Sheep—Receipts, 1.400; lambs, fairly active, steady at weeks decline; good to choice, $8; medium kinds and bucks, $8.5066,75; throwouts, $565.25; sheep draggy.

BELIEVE IT or NOT

i I f .. ■ / ’ ■ kv \ f . * r —> ‘ 1 JMy MuflCß rn. . I HIGHER in THE surnEß THAN THEY ARE IN THE WINTER. Wlf / ffiPISPFIPPi? WATERMAN If / ,1 ~ UK HVRttBA If, j{ HE cor N i ' l - iL* mmto-jm |_flowers \ J r WT Heaven A - Mich. SHAKESPEARE — 9.1 USED THE EXPRESSION. TOUGH WORLD

Dow-Jones Summary

J. I. Case Company omitted quarterly dividend of $1.50 on common stock, due at this time. Regular dividend of $1.75 on preferred stock was declared payable Oct. 1, of record Sept. 12. Mountain Producers’ Association declared a regular quarterly dividend of 25 cents, payable Oct. 1, of record Sept. 15. New York cables opened in London at 4.86%: Paris, checks. 123.93; Amsterdam, 12.06; Italy. 92.945; Berlin. 20.50. Shipments of Auburn and Cord cars in August amounted to 1,803 cars, against 2,507 in July and 609 in August, 1930. Eight months 32,045 cars, against 13,693 in entire year of 1930. Abitibi Power and Paper declared a regular quarterly dividend of 50 cents, payable Oct. 1. of record Sept. 19. C. M. Hall Lamp Company omits dividend due at this time. In three preceding quarters 10 cents each was paid. Standard of New York advanced gasoline one cent a gallon to 14 3-10 cents on tank wagon and 16 3-10 cents at service stations throughout its territory in New York and New England. Beatrice Creamery of Chicago declared a regular quarterly dividend of SI on common stock and $1.72 on preferred, both payable Oct. 1. Bank of England as of Sept. 3, shows circulation 54.975,000 pounds, against 350,310.000 pounds on Aug. 27. Bullion 135.668,000 pounds, against 134.644,000 pounds. Ratio 44 5-10 against 46 1-10 per cent. BANS ‘BIRTH OF NATION’ Ruel [Rule] Out of Philadelphia by Mayor; Branded as Prejudicial. By United Press ¶ PHILADELPHIA, Sept. 3.—“ The Birth of a Nation,” the picture filmed by David W. Griffith seventeen years ago, has been banned from the screen here. ¶ Mayor Harry A. Mackey, in announcing Wednesday that if the picture were shown here again he would have the theater raided, said the film was “prejudicial to peace between the black and white races.” Other Livestock By United Press TOLEDO. Sent. 3.—Hogs—Receipts. 300; market. 10c higher: heavies. [email protected]; mediums. $6.25®,6.50; Yorkers. $5.50(7/5.75; nigs. [email protected]. Cattle —Receipts, light; market, steady. Calves —Receipts, light; market, steady. Sheep—Receipts, fight: market, steady. By United Press PITTSBURGH, Sept. 3.—Hogs—Receipts, 750; market, mostly 10c higher; 160-260 lbs., [email protected]; 130-160 lbs., [email protected]; good packing sows, $4.50/744.75. Cattle — Receipts, 20; market, little changed; cutter to good cows, $2.50@4; calves, receipts, 100; market, steady; choice vealers, s9.soft®lo; medium to good grade, $6.50@ 9. Sheep—Receipts, 1,000; lambs, steady to 25c lower; top, $8; bulk better grade, $7.25@?.75. Building Permits Stout Factory Shoe Store, alteration. 47 South Illinois. $450. City of Indianapolis, garages, Municipal airport. $4,720. A. W. Iselin. remodel dwelling. 851 North Keystone, $530. Otto S. Kahn, alterations. 38 West WashRAW SUGAR PRICES —Sept. 2 ~ . High. Loow. Close. March 1.35 1.32 1.32 May 1.39 1.37 1.37 July 1.44 1.42 1.42 September 1.32 r. 30 131 December 1.30 1.28 1.28

ATTENTION, FARMERS Many are taking the opportunity to increase their farm profits by having installed one of the latest type Neff and Fry concrete silos with ail the late improvements such as hinge doors, whitecoating, etc, AT THE LOWEST PRICE IN HISTORY. We are in position to take a few more orders and erect at once. PHONE 193 or 188 THE NEFF & FRY COMPANY CAMDEN, OHIO.

Thomson & McKinnon INDIANAPOLIS CHICAGO NIW YORK MEMBERS Now York Stock Exchange Chicago Stock Exchange Haw lark Cottoa Exchange Chicago Board at Trade New Yerk Curb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501

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 Wednesday’s Times: The Seagull Monument —The seagull monument in the Mormon temple grounds at Salt Lake City, reputed to be the only monument to bird life in the world, was was erected Oct. 1, 1913, by the early Mormon pioneers in memory of their snow white feathered friends who saved them from starvation and famine. In 1848 after the first good crop of grain had commenced to grow and the harvest promised to be bounteous, the countryside suddenly was covered inches deep with grasshoppers and crickets. Then, as if sent by divine will, thousands of seagulls swooped in on the land from Great Salt lake, and gorged themselves so ravenously that the pest plague was destroyed. Today these gulls are so revered in Utah that they are protected by state law. The Legless Champion of Honolulu—On July 27, 1931, Charles Zimmerman, “the legless wonder,” set anew world’s record for endurance swimming when he came out of the war memorial natatorium, Honolulu, with 100 hours 15 seconds continuous swimming to his credit. Zimmerman not only excelled the old record of 86 hours, 16 minutes, but continued to add the hours until he had fulfilled his pre-swim promise that he would remain in the water for 100 consecutive hours. Tomorrow —“The Ruler Who Murdered 2,000 Prisoners a Day.” DIFFER ON OIL RULING Governor Again Expected to Turn Down Commission’s Order. By United Press AUSTIN, Tex., Sept. 3.—The future of East Texas oil production was shrouded in uncertainty today despite adoption by the state railroad commission of a conservation order which would reopen the field on an allowable production of about 380,000 barrels daily, beginning Saturday. The commission order differs only slightly from that rejected Tuesday by Governor Ross Sterling, who protested it would place small independent operators under a handicap in competing with large operators. Oil men predicted Sterling will reject the new order on the same ground. Bethel Woman Dies By United Press BETHEL, Ind., Sept. 3.—Funeral services were held today for Mrs. W. E. Harlan, 83, one of Bethel’s oldest residents, whp died of paralysis. NEW YORK COFFEE RANGE —Sept. 2 . High. Low. Close. January 5.30 5.27 5.30 March ... 5 44 September 4.91 4.86 4.89 December 5.23 5.15 5 18

\r Registered O. S. JLf V latent Office RIPLEY

Bright Spots of Business

By United Press NEW YORK, Sept. 3.—H. C. Bohack Cos. reports sales for 30 weeks ended Aug. 29 totaled $20,266,432, against $18,122,908 in like 1930 period. DENVER—Continental Oil Cos. advances price of service station gasoline 1-cent a gallon to 19 cents. NEW YORK. —Dome Mines. Ltd.. August output was valued at $302,719. compared with 5299.280 in July. ST. LOUlS—Lambert Cos. declares the regular quarterly dividend of $2 on stock RlCHMOND—American Can Company increases facilities of its Savannah, Ga.. unit due to receipt of contract from Generl Foods Corporation for 1.000,000 specially constructed vacuum tins per month. BOSTON—Best & Cos. announces the opening of their branch store here on Sept. 8. the fifth new unit to be opened this year. NEW YORK—Small capital in mutual savings banks throughout New York state with a total of $5,160,429,492. represents 34.6 per cent of 11 money held by banka in this state. Houston—Gulf Pipe Line Company has posted a flat price of 68 cents a barrel for east Texas crude oil meeting the recent increases instituted Bve Magnolia Petroleum Corporation.

BENDIX, STANDARD OIL PROMOTE NEW CONCERN Innovation in Auto Greasing Service to Be Offered. By United Pr ess CHICAGO, Sept. 3. —Formation was announced today of a joint subsidiary of the Bendix Aviation Corporation and the Standard Oil Company of Indiana, to be known as the Lubrication Corporation for the manufacture and marketing of automotive lubricants, lubrication service, grease fittings and dispensing equipment. Edward G. Seubert, president of Standard Oil, and Vincent Bendix, president of the Bendix Corporation, announcing the new company, said “an entirely new idea in handling grease has been developed which will revolutionize the greasing phase of automobile servicing.” Engineers are at work designing machine tools to be used in manufacturing the new equipment at the Bendix plant at South Bend, Ind. Chemists in the Standard Oil laboratory at Whiting, Ind., have perfected formulas for the special greases. The new company has been incorporated in Delaware, to be owned equally by Standard of Indiana and Bendix Aviation. Wire Tappers Lose Case By United Press NEW YORK, Sept. 3.—A prohibition charge against fifteen men and two women has been nolle prossed “on orders from Washington” because dry agents resorted to wire-tapping in obtaining evidence. l

We buy and sell U S. Liberty Loan Bonds U. S. Treasury Certificate* U S Insular and Territorial Bond* Indiana Municipal Bond* Indiana Gravel Road Bond# Federal Farm Loan Bond* Joint Stock Land Bank Bond* Fletcher American Company 41 North Pennsylvania Street Affiliated with Tub Futcha Ajoricam Natiokai Bank

.SEPT. 3, 1931

GRAIN FUTURES SHOW UNEVEN TRADING RANGE Buying and Selling About Evenly Divided in All Options. , BY HAROLD E. RAIWTLLE / United Press Staff Correspondent f CHICAGO. Sept. 3—Wheat was unevenly steady as the Boanfl of Trade opened today with May setting anew low for the season on a minor fractional dip but the other months mostly up a fraction. There was little in the news and buying and selling was about evenly divided. Liverpool steadied after a lower opening with the wet weather still causing concern. Com was about steady in a slow trade. Oats were weak with moderately large deliveries this morning weakening September. Opening Is Down At the opening wheat was % cent lower to M cent higher, corn was unchanged to % cent off and oats were % to Ts cent down. Provisions were slow. Liverpool opened lower as expected but recovered some of the loss by mid-afternoon to show % to % cent lower. The action of . wheat this week has been a great disappointment to the trade, especially those who have been accumulating the grain as an investment owing to the low prices. It is understood that many of these investment lines were let go Wednesday on the weakness in stocks. It was an economic weakness rather than any special news. Until better buying develops the market will continue erratic. Private Reports BuUisli The private reports indicating 42,000,000 bushels less than the government's August report show to what extent the corn crop suffered during the July and August drought. The heavy rains that have prevailed since Sunday have ceased, but damage is expected to appear later as between two and seven inches fell, the latter in southern Illinois. The weather is clear today. Scattered liquidation which developed in oats Wednesday as a result of weakness in other grains was offset by cash and commission house buying. The strong cash market is the chief support as against the varying speculative interest. Chicago Grain Range WHEAT- ~ SCDt - 3 ~ Prev ft* A&i C 4°s%* Mar 52 .513, M CORN— 53 '* -53% .53% :ik Sept 43% .43% .43% 43% Mar. - 38 * • 3#, - 38a * M OAT&-L 43 - 43V * •■‘3* '• 43 *'4 Sept 21% .20% .20% .21% Dec 23 .22% 22 7 * 23 * M “ v Y j.— 25% .25 </ i25% i25% Sect 33% .33% .33% .33% £L ec 36% .36% .36% .36% M i V A R "" M •“ ::: ?* Dec 6.25 6.30 By Times Special CHICAGO. Sept. 3 —Carlots: Wheat. 31: corn. 55: oats. 48: rye. 0. and barley. 7. TURKEY CENSORS PRESS Edict Calls for Dignity Under Penalty of Jails. By United Press ISTANBUL, Sept. 3.—Newspapers must be dignified or their editors go to jail under the new Angora, press law. Murders, burglaries and suicides must be reported in the press in the plain, simple and factual language in which they appear on the police reports. No articles or books may be published on the subject of birth control. Attacks on the institution of monogamous marriage are forbidden, as are also detailed reports of divorce proceedings. FIGHTS GANGSTER FILMS New York Legislature Considers Bill Banning Racketeer Pictures. By United Press ALBANY, N. Y., Sept. 3.—Senator James J. Crawford, Democrat, of Brooklyn, has introduced a bill in the state legislature which would make the showing of gangster pictures a misdemeanor punishable by a fine of from SSOO to $5,000. The measure, approved by Attor-ney-General John J. Bennett, is designed to bar production, sale, or showing of any movies depicting gangs or gangster lfie.

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