Indianapolis Times, Volume 43, Number 115, Indianapolis, Marion County, 22 September 1931 — Page 12

PAGE 12

SELLING FORGES PORK MART TO LOWERLEVELS All Cattle Classes Active, Holding Steady to Strong. Hogs continued their downward trend this morning, losing 15 to 20 cents in trade at the city yards. The bulk, 160 to 300 pounds sold at $5.20 to $5.55; early top holding at $5.55. Receipts were estimated at 6,500; holdovers were 92. In the cattle market all classes were active, holding steady to strong, spots higher. Receipts were 1,200. Vealers were 50 cents lower, selling at $9 down. Calf receipts were 700. Sheep were steady with ewe and wether lambs selling at $6.50 to $7. Bucks brought $5.50 to $6. Receipts were 2,000. Chicago hog receipts 18,000, including 2,000 direct. Market dull with practically no early sales, asking steady, few bids around 10 to 15 cents lower. Hogs weighing 190 to 220 pounds were bid $5.75 to $5.85. Cattle receipts were 9,000; calves, 2,000; market, steady. Sheep receipts, 25,000, and steady. HOGS Sept. Bulk Early Top Receipts 15. 85.85® 6.05 $6.05 6.500 16. 5.45<f 5.70 5.70 5.000 17. 6,60 hi 5.85 5.85 3.500 18. 5.60(11, 5.90 6.00 5,000 19. 5.50® 5.80 5.80 2.000 21. 5.40® 5.70 5 70 8.000 22. 5.20 5.55 6.500 Receipt*, 6,500; market, lower. —Light Lights—-(l4o-160) Good and choice...* 5.15 —Light Weights—-(l6o-180) Good and choice... 5.20® 5.25 (180-200) Good and choice... 5.30® 5.35 —Medium Weights—-(2oo-220) Medium and g00d... 5.40® 5.45 (200-250) Good and choice 5.40® 5.55 —Heavy Weights—-(2so-260) Good and choice... 5.30® 5.45 (290-350) Medium and g00d... 5.00® 5.35 —Packing Sows — (275-500) Medium and good .. 3.50® 4.50 (100-130) Slaughter Digs 5.00 CATTLE (Slaughter Class) Receipt*. 1.200; market, steady. —Steers— Good and choice $ 7.25® 9.50 Common and medium 3.75® 7.25 (1.100-1.500) Good and choice 7.00® 9.50 Common and medium 5.00® 7.00 —Heifers—-(soo-850) Good and choice 7.00® 9.50 Common and medium 3.50® 7.00 —Cows— Oood and choice 4.00® 5.50 Medium 3.00® 4.00 Cull and common 1.50® 3.00 —Bulls (yearlings excluded)— Oowd and choice beefs 3 *o® 4.59 Cutter, common and medium.. 2.00® j.ot) CALVES AND VEALERS Receipts. 700; market, lower, —Vealers— Good and choice S 8.50® 9.00 Medium 6.50® 8.00 Cull and commos 4.50® 6.50 Good and chptoe 5.50® 119 Common an- wuedlum 3.00® 5.50 STOCKED* AND FEEDER STEERS Good and choice 5.00® 6.75 Common and medium 3.00® 5.00 Good and choice 5.00® 6.75 Common and medium 3.00® 5.00 SHEEP AND LAMBS Receipts, 2.000; market, steady. Good and choice S 5.50® TOO Common and medium 2.50® 5.d0 Ewes, medium and choice 1.25® 2.25 Culi and common 50 w *•*!>

Other Livestock By United Press CHICAGO, Sept. 22. —Hogs—Receipts, 18,000, Including 2,000 direct; mostly steady, spots early, weak to 10c lower; 190-250 lb. weights, [email protected]; top, $5.90; 260-350 lb. weights, $5(0.585; packing sows s4.lOTfi 4.75; light lights, 140-160 lbs., good and choice. *[email protected]; light weights, 160200 lbs., good and choice, $5.60(05.90; medium weights. 200-250 lbs., good and choice $5.70® 5.90; heavy weights, 250-350 lbs., good and choice. $5®5.90; packing sows, 275-500 lbs., medium and good, s4frj)s.lb, slaughter pigs, 100-130 lbs., good and choice, $4.65®5.35. Cattle— Receipts 9,000, calves, 2,500; led steers and yearlings 15 Sr2sc higher; grassy and short fed steers slow, but steady to strong; light heifers and mixed yearlings desirable, but heifers firm to higher. Fat cows slow and steady, cutters firm; bulls strong to 25c higher; vealers about steady; slaughter cattle and vealers. steers 60&-900 lbs., good and choice, $7.75© 10.25; 900-1100 lbs., good and choice. $7.75© 10.25; 1100-1300 lbs., good and choice, $7.75(010.25: 1300-1500 lbs., good and choice, $7.75©10.25; 600-1300 lbs., common and medium, [email protected]; heifers, 550-850 lbs., good and choice. $7(09.50; common and medium, s3©7; cows, good and choice. [email protected]; common and medium. $2.75(03.75; low cutter and cutter $1.50(02.75; bulls, yearlings excluded, good and choice, $4.25(05.50; cutter to medium, $3.20©4.50; vealers, milk fed, good and choice, $8(09.50; medium, $6.50@8; cull and common, $4.50106.50; Stocker and feeder cattle, steers, 500-1050 lbs., good and choice, $5(07; common and medium, $3.50 r '( 5. Sheep—Receipts, 25,000; killing classes fairly active, steady to strong; nothing on feeders; ewes, $6.50 to out-1 siders; westerns unsold; fat ewes at $1(0 2; slaughtre sheep and lambs, lambs, 90 lbs. down, good and choice $5.50(06.65; medium $4.50©5.50; all weights common $3.25©4.50; ewes, 90-150 lbs., medium to choice, SI 01)2.25; all weights, cull and common, 50c©51.50; feeding lambs, feeding lambs, 50-75 lbs., good and choice, *5(05.65. By United Press EAST ST LOUIS. Sept. 22.—Hogs—Receipts. 9.000; market 10(0 20c lower; top, $5.65 for 240-260 lbs.; a few loads 230-240 lbs., $5.60; bulk 180-220 lbs.. $5.40(05.55; 100-160 lbs., ss(®s 35; sows mostly $3.75(0, 4.75. Cattle—Receipts. 4.500; calves, receipts 2,500; market, native and fed steers mostly 25c higher; a few western steers steady; vealers 25c higher; low cutters strong, mostly steady; native steer range, $6 500/9.50; a few western steers, $4.60: fat mixed vearlings and heifers. $7 ©8.25: cows. s3<o4: low cutters, $1.50(0 2; top medium bulls. $3.75; good and choice vealers, $9.25. Sheep—Receipts, 1,800; market, opened fairly active, steady; bulk lambs to packers, $5.50(05 75; some held higher; most buck lambs. $4.50(0 4.75; common throwouts. $3: fat ewes. $2 down.

By Times Special LOUISVILLE, Sept. 22.—Hogs—Receipts, 500; 10c lower: 175-240 lbs.. $5.40; 240-300 lbs., $5; 300 lbs. up. $3.80; 130-175 lbs.. $4 70; 130 lbs down. $4.30; packing sows. $2.15(02.90; stags. $1.90 down. Cattle Receipts, 250; steady; bulk, medium and good slaughter steers and heifers. ssfr/ 6.50; common down to $3; best cows, $3.25 fr/4; mostly lower grades, $1.25(//3; bulls, $3.50 down: Stockers and feeders. $5.0 6,25; calves. 350: steady; best vealers. $8; bulk medium vealers. ss(<i6; culls. $4 down. Sheep and lambs—Receipts. 500: steady; best lambs. $6.50; bucks. $5.50; throwouts. $2 50(0 3.50; ewes, $2 down. Monday’s shipments: Cattle, 247; calves, 500; hogs, 127; sheep. 260. By United Press CINCINNATI. Sept. 22—Hogs—Receipts, 3,400; held over. 150; moderately active, unevenly steady to 15c lower; butchers scaling upward from 200 lbs. showing full loss; better grade 190-250-lb. averages mostly $5.75; 150-180 lbs.. $5.35®5.50; 120150 lbs.. $5fri5.25; sows stcadv at $3.50(0 4 25. Cattle—Receipts. 300; calves. 700: steers and heifers slow, about steady: odd lots, common to medium grades, s4fr/6; small lots of fed vearlings, $8(0 8.75; cows of all grades 25c or more lower: beef cows. [email protected]: bulk low cutters and cutter cows. $1,754/3; practical top bulls. $4; vealers steady; good and choice. $8.50 ©9.50; lower grades. $8 down. Sheep— Receipts. 1,600; lambs unevenly steady to 25c or more lower; better grade ewe and wether lambs, $6.50(07; mostly $6.75(07; a few choice lots. $7 25: common throwouts. $4(0(04.50; sheep steady; fat ewes mostly $1 50 downward. By Urmtcd Press TOLEDO Sept. 22.—Hogs—Receipts, 350; market, lO<o 25c lower; heavies. ss'i/ 6 25; yorkers. SS(O 5 25; pigs. SS(O 5.25. Cattle —Receipts, 300; market, slow; calves, receipts, light- market, 50c higher; top, $10.50. Sheep—Receipts, light; market, 25c lower; top, $6.25. By United Press CLEVELAND. Sept. 22—Hogs—Receipts, 1.500; holdovers, none; steady to 6c low>er; spots. 25c off on light end; 160-260 lbs., $5.85(05.90; strictly pigs. $5; light lights. $5.25 and above: rough sows, $4(-i 4.25; stags. $3.50. Cattle —Receipts. 100; little aone on around 400 head: trashy holdover steers; few common, $5.40 as well as low cutters and low cows around $2 >O4-50: look steady; calves, receipts, 600; better grade vealers, strong to 50c or more higher; kinds eligible, $11.50 and above scarce; nearly good, $lO 59(011; common vealers downward to $7.50; common to good heavy calves. ss©9. Sheep —Receipts, 1,500; weak to 25c lower; good choice lambs, 56 50K7 mostly; best quoted, $7.25; cull to medium throwouts. s4fr; 5.50. By United Press FT. WAYNK Ind.. Sept. 22—Hogs—15c lower: 100-140 lbs., $4.80; 140-160 lbs . $5; 160-180 lbs., *5.20; 180-200 lbs.. $5.30; 200-225 lbs.. *5.40; 225-250 lbs., *5.50; 250275 lbs.. *5.40: 275-300 lbs., *5.30; 300-350 lbs., $5.10; roughs, *3.75; stags, 52.50; .calves. 59.50; lambs, 55.50.

New York Stocks (By Thomson Ac McKinnon 1

—Sept. 22 — Railroads— Prev. High. Low. 11:30 close. Atchison 112 IUVi 11}% IJ2 All Coast Line .. ... <}’* (3 Bait <St Ohio 34*4 34 34 33*4 Chesa & 0hi0... 27*,4 35*4 27*4 ... Chesa Corn 23 22 \ Chi Grt West... 3% 3** 3* 31$ Chi N West 12 * Wi* CRI & P 25'4 2414 25 • 27% Del L 6c W 32V4 30 Bl. i< a *8 '?** Or'*,, 1 Northern:'. 21 d* ?®| J Oulf Mob & Oil £)% Illinois Central ..... 29% Kan City So ... 9% 8% % 8% Lou & Nash 50 50 M K Ar. T ... 8 o Mo Pacific .. .. i3 T A 12% 12% 13 Mo Pacific pfd 321s 29*4 32 $ 32 N V Central 6 1 59 6 1 60% NY N H <fc H 38% 38 38 a 39% Nor Pacific 26% 28 ,?S ,a ,22 Norfolk & West 127 132 O&W B’i Pennsylvania ..... 33 31 % 33 32% Reading 65 62 65 63 ,a So Pacific 59% 59 o 9 60 rssr.•)* • *a St L a & f r p.'.V. 9 1 1 ' 'BH BVe Union Pacific . .115% 115 115 718/a Wabash • , •• il/ S’’ 4 w Maryland.... 8% 7% 8% 8 West Pacific 4% 4 4 4% Equipments— .. Am Car & Fdy *" v Am Locomotive .. ... 10/ 10,* Am Steel Fd . . 10 9% 10 10% Am Airbrake S.. 24% 24% '24%, 24% Gen Am Tank.. .. ... 88,2 49,4 General Elcc .. 30% 30% 30 4 30/4 Gen Ry Signal.. .. ... • *4'a Lima Loco .... 15% loVs 15% T® * N Y Airbrake -0 Press Stl Car 2 4 Pullman ~ ••• 23 23 4 Westlngh Airb.. 17% 17 17 17.s Westingh Elec... 49% 47% 49% 49 Rubbers — Firestone 15 A piclr ... ... V 4 Goodrich 7% 7 7 8 Goodyear ...... 33 32% 33 33 ]? Kelly Sprgfld.... 1% lVe 1% 1% Lee Rubber 2% 2% U S Rubber 8 Auburn 126 118% 124 V. 118 Chrysler 15 14% 14% 14% Graham Paige .. 2% 2 2 2,2 General Motors 29% 28% 29 ,4 30 Hudson .. .... 10% 10% Hupp 4% 4% 4/s 4,8 Sack 19% 18% 19% 19 Nash 19,, ls% I|% 19 Packard .. 5% 5 5 a Pierce-Arrow ... .. • Reo 4 33% 3% Studcbaker 12% 11% 11% *ls Yellow Truck ... 5% 5 5Vs 5% Motor Access— ~ Bendix Aviation 17 16% 16 * 16/2 Borg Warner ... 13 12% 12% 12/2 TTriocfC 9 89 8' 8 Bull Wheel ... . 5% 4% 5% 4% Campbell Wy • ® /2 l?S?orage B ".7. 3i% 3i% 31% '31% Hayes Body .. 1% 1% 1% If Houda 4% 4 4% 4% Motor Wheel 7% 7% Onorlrs W ••• 5*4 5*4 Stewart Warner 6% 6% 6% 6% Timkin Roll ... 27% 27 27% 27% Mining— . Am Metals 6% 5% 6% 5 * Am Smelt ..... 21% 20% 21% 20% Am Zinc 4V4 3% 4% 3% Anaconda Cop.. 17% 17% 17% 18 Cal & Hecla 4'/* 4% Cal & Arlz ... , 25/4 Cerro de Pasco. 11% 11% 11% }O% Dome Mines .. 10 9% 9% 10 Freeport Texas. 18% 17% 17% 18% Granby Corp .. 8% 8% 8% 9% Great Nor Ore.. .. ... 15 11% Howe Sound ... , 14 Int Nickel 9% 8% 8% 8% Inspiration .... 4% 4% 4% 4% Kennecott Cop.. 11% 11% 11% H% Maema Cop 9% 9 Miami Copper 4% Nev Cons ... 6 6% Texas Gul Sul.. 25% 25% 25% 25 U S Smelt 12% 13 Oils— Atl Refining ... 11% 11% 11% 11% Barnsdall 5% 5% 5% 5% Houston ... 5% 5% Ohio Oil 8 7% 8 7Vs Mex Sbd 9'A 9 9% 9% Mid Conti 6V* 6Vi Pan-Amer (B).. 5% 5% 5% 5% Pr Oil <te Gas... 7% 7% 7% 7% Pure Oil 6% 6% 6% 6V Royal Dutch ... 16 15% 15% 15 Shell Un 4% 4% Sinclair 6% 8% 6% 6% Skelly ... 4% 4*4 Stand of Cal... 32% 32% 32% 33 Stand of N J... 32% 32V* 32% 32% Soc Vac 14% 14% 14% 14% Texas Cos 18% IBV2 18% 19% Union Oil 15% 15V* 15% 13% Steels— Am Roll Mills 15% 15% Bethlehem 34% 34 34% 35 Byers AM 18*2 17% 18% 18 Colo Fuel ... 9% 9% Cruc Steel 34 Ludlum Repub I & 5.... 7% 7% 7% 7% U S Steel 79% 79% 79% 80 Vanadium 19V* 18% 19V* 19% Youngst S & W .. ... 15 ... Tobaccos— Am Sumatra ... 6% 6 6% ... A Tob A (new) 90V* 89% 90*4 90 A Tob B (new) 93 91% 93 91% Con Cigars 28% General Cigar 30 ... Lig & Myers 8.. 53% 53% 531 k 53% Lorillard 12% 12% 12% 12% Reynolds Tob.. 40% 40% 40'4 40% Tob Pr (A) 8% 8% Tob Pr (B) 1% Utilities— Abitibi ... 2% 2% Adams Exp .... 8% 8% 8% 8% Am For Pwr.... 15®,* 15% 15% 16 Am Pwr ,i Li.... 20 18% 19% 19 A T & T 139% 138% 139% 140V* Col Gas to El.. 20% 20 20V* 20V* Com & Sou 5% 5% 5% 5% El Pwr <Sr Li 25% 24% 25% 24% Inti T & T 18 17% 17% 17% Natl Pwr & Li.. 16 15% 16 16 No Amer C 0... 49% 49 49% 50 Pac Gas & El.. 36 35V* 36 Pub Ser N J 62% 61% 62 62% So Cal Edison 35 35 Std G A E 1.... 43% 42 42% ... United Corp .... 14% 14% 14% 14% Ut Pwr & L A.. 13 12 12% 12% Wes) Union 98 Skipping— Am Inti Corp... 7 6% 6% 6% Uwted Fruit.... 39% 39% 39% 38% Foods— Am Sugar 44 43% 43% 45 Armour A 1% 1% Beechnut Pkg 44 ... Cal Pkg 18% 18% 18% 18% Can Dry 21% 21% Childs Cos 12% 12V* 12V* 12%

Net Changes

By United Press NEW YORK, Sept. 21.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. off. Alaska Juneau 15% American Can 80% % American & Foreign Power 16 ... % American Smelting 20'-a ... 2 American Telephone 140% ... % Anaconda 18 ... 3 /<i Atchison 112 4 Auburn 118 1 etrhlehem Steel 13 IVs ... Ryers 18 ... % Case 46% 2% ... Chrysler 14% ... IV* Columbia Gas 20% ... 1 Commercial Solvents 11% ... % Commonwealth & Southern 5% ... % Consolidated Gas 74% ... 2% Electric Power 24% ... 2 Fox Film A 9% ... 14 General Electric 30% ... Vi eneral Motors 30 % ... Gillette 11 ... 1 Gold Dust .. 19 ... 1% International Neckel 8% ... % International Telephone .. 17% ... % Kennecott 11% ... % Loew's Inc •. 38V* ... 3V* Lorillard 12% % ... Montgomery Ward 12V* ... % Nat Biscuit 39% ... 74 Nat Power & Light 15% ... 1% New York Central 60% % ... North American 50 ... 1 Packard 5 ... % Paramount 16 ... 1% Pennsylvania 32% % ... Public Service 62% ... 5V* Radio 13% Radio Keith 9% ... 1% Reading 63% 15 Sears Roebuck 42% ... 2% Sinclair 6% ... % Standard Brands 15 ... 1 Stan Gas & Elec 42% ... 3% Stand Oil Cal 33 ... % Stand Oil N J 32% ... % Socony-Vacuum 14% ... % Texas Corp 19% ... % Transamerica 5 ... % Union Carbide 40% ... 1% United Aircraft 17% ... 1% United Corp 14% ... % United Gas Imp 22% ... 1% U S Steel 80 4% ... Vanadium 19% Westinghouse El 49 2% ... Woohvorth 52 ... 2 Worthington Pump 28% ... %

STKKEP.S

ASTRONOMERS Using the letters of the above word, can you form two words that will give you one definition of the word astronomers?

Answer for Yesterday

™Ar mAn zAn Am AlfAlfA fAqm: Insert the letter A eight times and form the above sentence. \

Coca Cola 133 132% 133 132 Cont Baking A. 6% 6% 6% ... Corn Prod 47% 47 47% 47% Cuban Am Sug ... ... 2% Gen Foods 42% 41 % 42% 42% Hersbey 80% 80 80 81 Jewel Tea 35% 36 Kroger 22% 22% 32% 22 V Nat Biscuit .... 40% 39% 40% 39% Pillsbury . 34 Purity Bak 16 15*2 St 51% 52% Std Brand* .... 15% 15 15% 15 Drug*— Coty Inc 4% 4% Lambert Cos ... 57% 56% 56% 56% Lehn & Fink 22% 23 Induitriala— Am Radiator ... 9% 8% 8% 9 Bush Term lg 18 Certainteed 3)% 3 Gen Asphalt 13 12% 13 12% Otis Elev 26% ... 26% 26% Indus Chrms— Allied Chem ... 94 91 94 93% Com Soiv 11% 10% 11% 11% Union Carb 40% 39% 40% 40% U 8 Ind A1c0... 27 25% 27 27 Retail Stores— Assoc Dry Gds.. 14V* 14 14% 12% Glmbel Bros 3% Kresge B S 26% 26 % May D Store ... 27 26% 26% 27 Mont Ward 12% 11% 12% ... Penny J C 34% 34% 34% 35 Schulte Ret St 4 Bears Roe 43% 42% 13% 42% Woolworth .... 53% 52V* 53% 52 Amusements— Bruns Balke 5 5 Col Graph 4% 4% 4% 3% Crosley Radio 3% Eastman Kod ..120 118 120 120% Fox Film A 9% 9% 9% 9% Grigsby Gru ... 2% 2% 2% 2% Loews Inc 39% 38% 39% 38% Param Fam 15% 15% 15% 16 Radio Corp 14% 13% 14% 13% R-K-O 10% 10 10 9% Warner Br;c 73* 7 City Ice & Fu.. 29% 29 29 30 Am Can 82% 80% 82V 4 80% Cont Can 39% 39% C?% 39% Curtiss Wr 2% 1% 2 2 Gillette SR ... 11% 10% 11% 11 Real Silk 5 4% Un Arcft 19Vk 17% 19 17 s /* Int Harv 27V* 29 J I Case 48 45 47% 46% SPURNSJUDGE PDST Remster Refuses to Act in Krause Pool Case. Refusal to serve as special judge in the jury trial of John Krause, 1210 North Wallace street, charged with operating a lottery, was announced today by Charles Remster, attorney. “I don’t intend to accept,’’ Remster declared. “I am too busy.” Remster was selected by Krause’s attorney, Earl Cox, and Prosecuting Attorney Herbert Wilson from three names proposed by Criminal Judge Frank P. Baker. The appeal case of Krause has been continued indefinitely pending final selection of a judge. H e was convicted in municipal court of operating a lottery and pool selling, and was ordered to pay fines totaling S6OO, several weeks ago. Another sentence of SI,OOO fine and 180 days on the state farm, given Krause in the lower court Saturday, also will be appealed to criminal court, Cox said.

Bright Spots of Business

By United Press NEW YORK, Sept. 22.—Public Service Electric and Gas Company reported electricity sales for the first seven months of 1931 at 988.479.730 kilowatt hours, against 972.173,634 lor the like 1930 period. TOLEDO —Gulf Oil Refining Company will spend $1,000,000 on an addition to its oil refinery here. CHICAGO—MiddIe West Utilities system reported electric output for the week ended Sept. 19 was 88,332,715 kilowatt hours, against 81.120,933 hours in the like 1930 week, a gain of 8.9 per cent. BOSTON—Twenty-three new manufacturing industries were established in metropolitan Boston during August, according to the Chamber of Commerce WASHINGTON—BuiIding permits issued in August totaled $127,139,031. against $112,093,447 in July, according to the bureau of labor statistics. DANBURY. Conn.—Demand for Empress Eugenie hats has kept thirty hat factories here running twenty-four hours a day and seven days a week. NEW YORK —Growth of the gas and electric refrigeration industry remains uninterrupted this year in spite of general trade activity, according to Standard Statistics Company. OTTAWA Canadian Hydro - Electric Corporation reported net profit for year ended July 31 at $2,043,574, against sl,564.863 in preceding year.

Bank Clearings

INDIANAPOLIS STATEMENT —Sept. 22 Clearings $2,084,000.00 Debits 5,975,000.00 CHICAGO STATEMENT —Sept. 22Clearings $58,200,000.00 Balances 5.400.000.00 TREASURY STATEMENT —Sept. 22 Net balance for Sept. 19 $643,369,835.76 Expenditures 10,957.495.35 Customs rects. mo. to date.. 22,665,840.70 j Mew York Curb Market (By Thomson & McKinnon) —Sept. 22 11:301 11:30 Mum Cos of Am 95%‘Hudson Bay... 2% Cynamid... 4%'Humble Oil' 51 4m Gas & Elec 42%|lmp Oil of Can. 9 3 /* \m Lt & Trac. 24 lint Pete 8% 4m Sup Fwr.. 6%lMidwest Ut 10 4rk Gas A 3 IMo Kan Pipe... 2% Ass Gas & El A 7%;Mt Prod 3% Braz Pwr &Lt 9%!Nat Investors.. 2% Can Marc l%|Nia Hud Pwr... 8% Sts Elec. 3%iPenroad 4% Cities Serv 7%)3t. Regis Paper. 7 Cons Gas Balt 69 ;Sel Indus ... 1% Cord ;> 5 /olstd of Ind 20% Elec Bnd Sh. .. 20%|3td of Ohio 45 Ford of Can... 12%Un Gas 3% Ford of Eng... 6%IUt Lt & Pwr... 11% Ford of Fr 5%.Un Verde 5% Fox Thea l'/aiUt Pwr B 4% uoldman Sachs. 3%Van Camp 3 Gulf Oil 42%!United Fndrs... 2% Chicago Stocks Opening (By James T. Hamill & Cos.) —Sept. 22 Ass. Tel Util.. 18%|Insull pfd 46 I Bendix Avia .. 16%!lnsull 6s ’40... 59% Borg Warner.. 12%Lib McNeil Pro 6 Central 111 ... 20**!Mid United Cos 14% Cent S West... 9%iMid West 10% Cent Pub Ser A 4% I Natl Std .. 22% Cord Corp s%!Nob Sparks ... 17% Cont Chi Com. 2% Pft Circle 30 Com Edison ..160 Sbd Util 1% Chi Sec 7% Swift & Cos ... 23% Gt Lks Arcft.. 3% ! Swift Inti .... 30 Grigsby Gru .. 2 |United Gas ... 3% Houd Hersh A 13% U S Ra & Tel. 17 Houd Hersh B. 4 jUtah Prod 1% Ele Hsehold ..10 !Ut & Ind pfd. 14% Insull Com ... 13%l Walgreen Strs. 137* KILLS BABY WITH ONION Milwaukee Mother Held for Mental Test After Confession. By United Press MILWAUKEE, Sept. 22.—A 26-year-old mother, who fed her four-months-old baby girl an onion end calmly watched her choke to death, was sent to a mental hospital for observation today. “Virginia was a nice baby,” Mrs. Mary Petzak said, “but she caused me a lot of trouble. “I liked the child well enqugh,” she admitted to District Attorney George A. Bowman, “bilt our house has been in disorder since she came, so I fed her the onion.’’ MacDonald Forced to Rest By United Press LONDON, Sept. 22.—Prime Minister j. Ramsay MacDonald is feeling the effects of the fatigue and strain of the last few critical days, it was announced today. He will leave Londgn tonight for several days rest country.

THE INDIANAPOLIS TIMES

STOCK SHARES SHOW GAINS IN BRISK JADING News London Exchange Will Reopen Wednesday Aids Sentiment,

Average Stock Prices

Average of thirty industrials for Monday was 110.83, off .91 Average of twenty rails 54.55, up 1.47. Average of twenty utilities 43.49, off 1.21. Average ol lorty bonds 88.80, off 1,27. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Sept. 22.—World financial markets today appeared to have become adjusted to the temporary gold standard suspension put in force in Great Britain by parliamentary action Monday and the New York Stock Exchange rallied smartly. Advances took place in Rome and Parib, both of which declined sharply Monday; Amsterdam reopened and prices ruled firm with Royal Dutch up 11 points. British and American commodity markets were- steady to firm. British bonds, notably the sVis, were firm as were United States government issues. A few railroad issues improved on their Monday’s prices, but foreign loans aside from the British were still on the decline. Trading was on a much smaller scale in all markets, now that fears over the British gold standard suspension had subsided. The stock exchange volume was 57 per cent under Monday for the first half hour and dealings in bonds also lightened. London to Reopen Governors of the London Stock Exchange decided to reopen that market Wednesday, a factor that generated confidence at other centers on the theory the British situation had become stabilized enough to warrant resumption of trading here. Montreal Exchange governors removed restrictions on stocks listed in New York and Montreal, but this failed to bring out new business. Other shares still had to be traded at prices equal to or above the closing levels of last Saturday, a cautionary measure taken Monday to prevent collapse. The Toronto Stock Exchange also removed the restrictions on interlisted issues. The New York Stock Exchange continued its ban on short selling, but it was believed this would be removed in a day or so. The exchange sent a note out to members amplifying the order given by Richard Whitney, president, Monday that all members report daily on short positions of their clients. Shorts Buy Rails On New York Exchange around noon industrial stocks were up fractions to 9 points, railroad shares 1 to more than 3 points, utilities fractions to more than a point and coppers fractions to more than a point. Railroad issues were bought by shorts. New York Central rose from 59% to 62, where it was up 1% from the previous close. Pennsylvania rose from 31% to 34, up 1%; Baltimore & Ohio from 34% to 35%, up 2; Atchison 111 Vi to 114, up 2, and Reading 63V4 to 66%, up 2. Delaware, Lackawanna & Western was carried up 3% points to 33%. United States Steel around noon was at 79%, off %; American Can 82, up IV4; Case 47%, up %; Woolworth 53%, up 1%; Auburn Auto 126, up 8, and Radio Corporation 14%, up 1. Buying in the latter issue was based on a statement by David Sarnoff, president of the corporation, that an amicable understanding had been reached for adjustment of patent litigation with several manufacturing companies. Other Livestock By United Pross PITTSBURGH, Sept. 22.—Hogs—Receipts, 150; market, steady to strong; 170230 lbs., [email protected]; 120-140 lbs., $5®5.50; ceipts, 20; little change; common to mepacking sows, $3.50®4.25. Cattle—Redlum steers, $4,500/6; calves, receiptts, 100; market, steady to 50c higher; better trade vealers, $90(11; lower grade down, 5.50 largely. Sheep—Receipts, 500; lambs, fully steady with Monday’s average; good and choice grades mostly $7®7.60; fight weights down to $6; largely medium grades, $4,250/5.25.

HORIZONTAL YESTERDAY’S ANSWER 9 To till a field. 1 Dramatic. |d|e|L|T|Q] I Ip) lAjp|p|E|A|Rlsl “ p 0 p r l&d / tha 6 House of OLTPHNE pBBR UNLET 11 Cover of the i§||pgiQTiAT|. 12^-dcntat . (pi). ffwligrrlfflßfß p ° int is Highest moun- P A REMBLE 14 flowers, tains on earth. CL JM E X RE AJ 0,.16 Pertaining to 15 Malicious AIM U L r |~T~|'~~i'PT J_ R sound, burning of a BjA TMDjO[M TINE ER Sj ITT. 19 Domestic building. B U v Alfc D{. managements, 16 Male cat. 20 Long-drawn 17 Heavy L A^NOA UHEIk uMpSI 01 v IAI speeches, volumes. laIIIaIrIuImISI islelCiulrlelsl 23 Donor. 18 Periods. 24 Planted. 19 Vocal compo- nental flyer, 53 Rises as from 27 Chart * sition on a Frank ? the dead> 29 To piece out. sacred text. qi c„ ll4 v aaa * 65 Nines 32 of Troy? 21 Narrow strip * 56 Precludes. 33 Daubed, of leather / c 7 ot nr vg 34 Sweet around a 37 “The Savior of __ ’ substance, shoe sole. the world.” VERTICAL 35 corroded. 22 Night before. 40 Coffee pot. 1 Heard a 37 Drives. 23 What book in 42 Upbraided. confession. 38 Mistakes, the Bible tells 44 Silkworm. 2 Natural 39 Streamlets, of the 45 Well-behaved. reservoir. 41 Snare, creation? 47 Walls of a 3 Cupid. 43 Tools for 25 Pattern block. room. 4 Prefix holding. 26 Extremity. 48 Clay-like meaning not. 46 To thrash. 28 Eggs of fishes. deposit. 5 Exists. 48 Man. 30 Doctor. 49 To love 6 Adjusts a 50 Age. 31 Nautical. exceedingly. watch. 52 Billiard rod. 32 A famous 51 Measure. 7 Type measure. 54 Grain (Abbr.). trans-conti- 52 Song. 8 Door rug. 55 Railroad. “ sl*is I |7 fe iio in ■rj hi IW" rp” r 'Tr#r"i r I—r1 —r is j gg© j - ~Sps —— w pm 26 —!^g|7sj~ W ' Sfr-plllp ~-jggpP 38 BT W ™ mm j? 35 gj?f 39 ggpi _ nd~l 11 11 B 11 IP

Dow-Jones Summary

Canadian Hvdro Electric Corporation lor twelve months ended July 31. 1931. net profit $2,043,574 alter JU>rest taxes. Depreciation. etc., against $1,564,863 in pre ceding twelve months. Sharon Steel Hoop Mill operations in Youngstown district now at 20 per cent of capacity, against 34 per cent week ago. National Fire Insurance Company declared a regular Quarterly dividend ol 50 cents, payable Oct. 1. ol record Sept. 24. Utilities Power & Light in twelve months to June 30. earned 84 cents a share on combined class B and common s-ock. against $1.50 on combined shares m previous twelve months. Daily average production of crude oil in United States for week ended Sept. 19. totaled 2.178.594. an increase of 41.701 barrels, according to Oil and Gas Journal. New York State railways In eight months ended Aug. 31. deficit $895,570 after taxes, depreciation and charges. Indiana bank rate raised to 8 per cent from 7 per cent. Standard Screw Company declared a regular quarterly dividend of $1 on common. placing stock on $4 annual basis, against $6, respectively. Dividend payable Oct. 1. of record Sept. 21. Joseph Dixon Crucible Company declared the regular quarterly dividend of $2, payable Sept 39. of record Sept. 21. Federal reserve board’s condition statement as ol SeUt. 16 show; increase lor week ol $116,000,000 in loans and ffivestments $119,000,000 in reserves with federal reserve banks $420,000,000, time deposits $55,000,000. Borrowings from reserve bank unchanged. Loans on securities $6,414,000,000, a decrease of $28,000,000. All other loans $7,849,000,000. a decrease of $42,000,000.

Produce Markets

Eggs (country run) —Loss off delivered in Indianapolis. i7c: henery Quality No. 1. 20c; No. 2. 12c. . Poultry (buying prices)—Hens weighing 5 lbs. or over. 18c; under 5 lbs.. 17c: Leghorn hens. 13c; 1930 broilers, full feathered. 3% lbs. and up. 18c; under. 21c; bareback. 12c; Leghorn broilers, 16c: spring chickens, 4 lbs. and over. 18c; under 4 lbs. ,ißc: old cocks. B@9c; ducks, full feathered Sc: geese. 6c. These prices are for No. 1 top aualitv auoted by Kingan 6 Cos. Butter (wholesale)—No. 1. 34®35c: No. 2. 32 @ 33c. Butterfat —29c. Cheese (wholesale selling price per pound)—American loaf. 23%c; pimento loaf 25%c; Wisconsin firsts. 19c: Longhorns. 19c; New York limberger. 30c. By United Press NEW YORK. Sept. 22 —Potatoes—Market steady; Long Island [email protected] per barrel; New Jerseys, 75c®51.40 per basket; Maine, [email protected] per barrel. Sweet potatoes—Market, weak; jersey baskets. 75c @sl 25; southern baskets. 35@90c; southern barrels, 75c@$l. Flour—Market, quiet; spring patents, $4.15®4.50 per barrel. Pork —Market, quiet: mess. s2l per barrel Lard—Market, steady; middle west spot. .073®.074c per lb. Tallow—Market, steady; special to extra, 2%@2%c per lb. Dressed poultry—Market quiet; turkeys, 25@50c; chickens. 20®33c; broilers, 20@34c; fowls. 12(528c; ducks. Long Island. 14@18c. Live poultry—Market, quiet; geese. 13@15c; ducks. 13®24c; fowls. 16@27c; turkeys. 22 @3sc: roosters. 14@15c; chickens, 19®28c. Cheese—Market, quiet: state whole milk, fancy to special, 15%®25%c; young Americas. 16%5:17c. By United Press CINCINNATI, 0., Sept. 22.—ButterSteady; creamery in tuo lots according to score, 27@29c; common score discounted, 2@3c! packing stock No. 1,21 c; No. 2. 18c: No. 3,12 c; butterfat, 25@27c. Eggs—Steady, cases included: extra firsts, 22c; firsts. 20c; seconds, 17c; nearby ungraded, 20c. Live poultry—Thin and coarse stock sell only at heavy discount; fowls, 5 lbs. and over, 21c- 4 lbs. and over, 19c; 3 lbs. and over, 17c; Leghorns, 3 and over, 15c; roosters, 11c; broilers, colored, 1 lb. and over, 23c; 1% lbs. and over, 23c; 2 lbs. and over, 19c; fryers. 3 lbs. and over, 19c; partly feathered, 15c; Leghorn broilers. 1 lb. and over, 23c; 1% lbs. and over. 23c: 2 lbs. and over, 17c; black springers, 15c; roasting chickens, 4 lbs. and over, 20c. By United Press CHICAGO, Sept. 22.—Eggs—Market, steady; receipts, 4,651 cases; extra firsts, 20c; firsts, 19c; current receipts, 16® 17%c; seconds, 10®14%c. Butter—Market, steady; receipts, 7,632 tubs; extras, 30c; extra firsts, 28@29c; firsts, 25®26c; seconds, 23@24c; standards, 28%c. Poultry—Market, normal; receipts, 6 cars; 1 due: fowls, 17c; springers, 16%c; Leghorns, 13c; ducks, 14®17c; geese, 13c; turkeys, 17®20c; roosters, 12%c; broilers, 2 lbs., 16%c; broilers, under 2 lbs., 16%c; Leghorns broilers, 15c. Cheese—Twins, 15%®15%c; Young Americas, 15%@16c. Potatoes—On track, 304; arrivals, 51; shipments, 554; market, dull; Wisconsin Cobblers, BC®9sc; Minnesota Cobblers, 75®90c; 'Wyoming Triumphs, $1.25; Idaho Russets No. 1. $1.65® 1.75; No. 2, $1.05® 1.15; Minnesota Red River Ohio’s, 90c@$l. By United Press CLEVELAND, Sept. 22.—Butter—Extras, 34c; standards. 32%c; market, steady. Eggs—Extras, 22®23c: firsts, 18%c; ordinary firsts, 14c: market, steady. Poultry —Heavy fowls, 23@24c; medium, 22c; Leghorn, 15®l8c; heavy broilers. 20®22c; light broilers, 15®19c; ducks, 12@18c; old cocks, 12®14c; market, steady. Potatoes —Ohio Cobblers, 75c; bushel sack, Idaho Russet. $2.75 per 150-lb. sack; Loong Island Cobblers, $2®j2.75 per 150%1b. sack; New Jersey Cobblers best, mostly $1.85® 1.90 per 100-lb. sack. New York Liberty Bonds —Sept. 21— 3%s 102.6 Ist 4%s 102.26 4th 4%s 104.23 Treasury 4%s 110.10 Treasury 4s 106.14 Treasury 3%s 104.6 Treasury 3%s of ’47 101.20 Treasury 3% of ’43 101.13 NEW YORK COFFEE RANGE —Sept. 21High. Low. Close. March 5.22 5.07 5.20 May 5.21 5.16 5.21 July 5 43 5.30 5.43 September 4.70 4.67 4.70 December 4.97 4.83 4.97

UNEVEN TREND MARKS TRADE IN ALL GRAINS Unfavorable Weather News From Northwest Is Bear Factor. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, Sept. 22.—With the increase at Liverpool wheat opened steady to % cent higher on the Board of Trade today. No material pressure in any month was apparent. Sentiment appeared slightly affected by the unfavorable weather report from the northwest. Corn was unevenly higher to lower, and oats, which showed fractional gains Monday, was unchanged to lower in the minor fractions. Heavy Rains Reported At the opening wheat was unchanged to % cent higher, corn was % cent higher to % cent lower, and oats was unchanged to % cent lower. Provisions were unchanged to 3 points higher. Liverpool opened 1% pence higher than Monday’s close, which showed gains of % pence. Traders of the Chicago Board of Trade watched the action of the foreign grain and the foreign situation before taking action here. There was not so much nervousness apparent on the board today as Monday, but there was no determining factor at the opening of this market to influence it, outside of reports of heavy rains throughout the winter wheat belt. Corn Sales Absorbed Considerable liquidation in corn Monday was absorbed by eastern shorts. The visible supply was estimated at 6,250,000 bushels. Traders in this pit awaited the trend of the major grain, and were expected to be in sympathy with wheat throughout the session. Oats was the least affected of all grain Monday, being held firmly by a strong cash demand. Action here also was influenced by the foreign situation, and it was believed today that it would move more in sympathy with the other grains.

Chicago Grain Range —Sept. 22 WHEAT— Prev. „ , High. Low. 11:00. close. Sept 47% .47% .47% .47% Dec. 4874 .47% .48 .47% Mar 51 .50% .50% .50% May 52% .52% .52% .52% CORN— Sept 50 .39% .39% .40% Dec 37 .36% .36% .36% Mar 387a .38% .38% .38% May 40% .40% .40% .40% OATS— Sept. .21% .21% Dec 22% .22% .22% .22% May 25% .25% .25% .25% RYE— Sept 371% P,ec 38% .37% .38% .38 May 4074 .40% .40% .40% LARD — Sept 7.07 7.07 Oct 7.00 6.97 Dec 6.05 6.05 By Times Special CHICAGO. Sept. 22—Carlots: Wheat. 68; corn, 161; oats, 70; rye, 1, and barley. 12. Marriage Licenses Robert J. Coffman, 23, of Putman county, farmer, and Lois Ader, 21. of Fillmore. teacher. Houston C White, 58, of 1454 South Belmont avenue, city employe, and Kora Alexander. 48. Indianapolis, nurse. Qeorge Schopp, 53. of 622 West Thirtieth street, shoemaker, and Rosa M. Cole, 54, of 2645 Southeastern avenue, housekeeper. James T. Royer. 22. of 311 West Grove street, sales correspondent, and Margaret G. Tingler, 22. of 117 Hampton drive. Louis H. Frosch. 21. of 4601 East Twentyfirst street, chauffer, and Naomi R. Brown, 17, of 182 Station street, clerk. Ira Hickman, 32. of 326 Parkway avenue. laborer, and Hazel Brown. 20. of 2435 West Jackson street. Buford D. Freeland. 19, of Ben Davis, and Thema E. Allread. 19. of 717 North Noble street, factory emplove Gilbert E. Keebler. 34. of 239 North Illinois street, broker, and Helen M. McHale, 19, of 1603 Central avenue. Births Bovs Lloyd and Ruth Charley, 920 North Drexel. William and Malba Johnson, 316 West Twentieth. Rollo and Iva Davis, 2624 North Olney. Chase and Stella O’Harrow. Methodist hospital. George and Maud Wolf, Methodist hospital. Maurice and Janet Hord, Methodist hospital. Carl and Edith Bowser, Coleman hospital. Andrew and Emma Campbell, Coleman hospital. Thomas and Lucille Cobb, Coleman hospital. Matthew and June Paulos. Coleman hospital Roy and Lillian Lakin. Coleman hospital. Fred and Marie Lucas, Coleman hospital. Van and Margaret McKinney, Coleman hospital. Albert and Anna Otto, Coleman hospital. Mitchell and Dorothy Bartlett, Coleman hospital. Ivan and Velma Gibson, city hosiptal. Kenneth and Mary Fritche, city hospital. Dillian and Rosamond Spillman, city hospital. Jack and Annabelle Hlgginson, city hospital. Clarence and Gussie Turner, city hospital. Peter and Pearline Dandridge, city hospital. William and Jessie Jenson, city hospital. Claude and Priscilla Wilson, city hospital. Estell and Maxine Ritter, city hospital. Girls Grover and Lila Thomas. 1011 King. Robert and Dorothy Saxton. Methodist hosoital. Robert and Margaret Crawfords. Methodist hospital. Fredrick and Margaret Boves. Methodist hospital. Rudolph and Thelma Miller, Methodist hospital. Cahles and Lela Bridges, Coleman hospital. Walter and Lillian Herndon. Coleman hospital. Edward and Ruth McKinney, Coleman hospital. William and Lena Samons. Coleman hospital. Edward and Gertrude English, St. Vincent’s hospital. Alvin and Mabel Kennard. St. Vincent’s hospital. Edward and Eileen Junker. St. Vincent’s hospital. Joseph and Francis Dugan. St. Vincent’s hospital. Floyd and Ethel Thomas. St. Vincent’s hospital. Leo and Nona Foster. Coleman hospital. Lloyd and Kathryn Diamond, Coleman hosoital. William and Lucille Keller. Coleman hospital. James and Bernice Emmert, Coleman hosoital. Maurice and Bernice Hinkle, city hospital. Walter and Alcenio Starks, cltv hosoital. William and Helen Osterman. 2647 Northwestern.

Deaths Elmira Howard Richardson, 86. 1628 Arrow, arterio sclerosis. Lyda Merrick, 56, 854 Bradshaw, chronic nephritis. Eliza Jane Steadman, 66. 742 South Sherman drive, arterio sclerosis. Charles M. Traylor, 22. 145 West Fortyninth. chronic interstitial nephritis. John William Mitchell. 63. 1015 North Beville. coronary sclerosis. William Hegenbarth. 58, Methodist hospital. cholyecystitis. Nebraska Udell. 75, city hosiptal. chronic myocarditis. Lillian Savage. 37, city hospital, aortic stenosis. Mary A. Riehl, 68. !>2 North Mount, arterio sclerosis. Tushy YanakeS, 45, 332 lUake, carcinoma. Anna Margaret McCune, 25, 826 Sanders, myocarditis. In the Air Weather conditions in the air at 9 a. m.: West wind, 12 miles an hour; barometric pressure, 30.11 at sea level; temperature, 78; ceiling, unlimited; visibility, 12 miles; field good.

The City in Brief

WEDNESDAY EVENTS Kiwsnis Club luncheon. Clavpool. Lions Club luncheon. Lincoln. Purdue Alumni Association luncheon. Severln. Illini Club luncheon. Board of Trade. Mutual Insurance Association luncheon. Columbia Club. Indiana Health Officers conference, Clay pool. The Indianapolis Federation of Community Civic Clubs will discuss proposed introduction of natural gas in Indianapolis at its first fall meeting at 8 Friday night. President ‘Oscar F. Smith announced today. General agents of the Minnesota Life Insurance Company will meet at the Lincoln Wednesday and Thursday for an intersectional conference. Company representatives from Ohio and Indiana will attend. Boyd Gurley, editor of The Times, will speak on “The Real Tax Burden,’” Wednesday at the Kiwanis Club luncheon at the Claypool. BUILDING GAINS MADE_RY CITY Fourteenth Place in U. S. Given Indianapolis. By Times Special NEW YORK, Sept. 22.—Showing major gains over both the previous month and corresponding month a year ago, Indianapolis in August was placed fourteenth among American cities in building permits issued, with a total of $1,092,513, according to official reports made to S. W. Strauss & Cos., Inc. The August figure compares with $459,836 in July and $705,497 in August, 1930. Indiana as a whole, represented by nineteen cities and towns, had an August total of $1,693,129 against $1,566,146 in July and $2,686,669 in August, 1930. The entire survey covered 536 communities in the United States. Building permits in all the cities and towns covered by the survey amounted to $110,078,954 in August, a decline of 3.4 per cent from July of this year when the volume was $113,957,349 for the same communities. Permits reported last month fell 30.13 per cent below the August, 1930, total of $157,560,389. Building Permits B. B. Canfield, alterations. 1701 Southeastern. S2OO. A. W. Pedieo. addition, 716-20 East Fifty-fourth. $2,000. Art Rose. 365 South Meridian. S6OO. Indiana Bell Telephone Company, building:. southwest corner Meridian and New York. $1,000,000. Browning’s Clothing Company, signs. 108 East Washington, $375. Marmon Motor Car Company, three sign boards. Eleventh and Meridian. S3OO. Herman Kennellv, dwelling and garage, alterations. 1117 North Butler. $5,300. American Towel and Laundry, alterations. 1115 North Capitol. S4OO. United States Government, three elevators. Twenty-sixth and Cold Spring road, Indiana Ice and Fuel Company, rerool, $16,000. Riley hospital, passenger elevator. 1325 West Michigan. $5,200 315 West Sixteenth. $1,990. Couple Faces Arson Charge ANDERSON, Ind., Sept. 22.—Virgil E. Davis, 36, and his wife, Rose, 32, are charged with first degree arson in an affidavit filed in circuit court by Charles E. Smith, prosecuting attorney. Davis, in jail, confessed to setting fire to his home to collect S4OO insurance on his furniture, while his wife admitted she had knowledge of the plot. The fire destroyed a frame residence and all of its contents.

PRICES STEADY IN LONDON EXCHANGE

Uncertain Money Rates Are Hindrance to Active Trade. By United Press LONDON, Sept, 22.—Uncertainty of exchange rates slowed down buying in commodities here and in other British centers today after Monday’s sharp advances. Prices generally maintained a steady to firm tone. Good supplies were on hand in some markets. Liverpool spot cotton was quoted at 4.12 pence, against 4.20 Monday and 3.76 Saturday. American October futures were at 3.87, against 3.84 Monday and 3.57 Saturday. The futures fluctuated with American exchange, but steadied on optimistic Manchester advices. Wheat in the London cargo market was quoted mostly nominal. Number 1 Manitoba Parcels Atlantic w r as at 24 shillings 9 pence sellers, compared with 23 pence 10 % shillings Monday and 19 shillings lVa pence Saturday. Liverpool wheat October futures were quoted at 4 shillings 1 pence, against 4 shillings % pence Monday and 3 shillings 974 pence Saturday. Sugar futures were slightly easier, despite short covering. Smoked rubber sheets rose 2 shillings to 25 shillings 8 pence in the spot rubber market, while futures experienced good speculative demand in line with strength of the commodity in the New York market. Profit-taking was noticeable on the London Metal Exchange, following the sharp advances scored Monday, but the close was generally steady. Standard spot copper declined 2 pounds 5 shillings to 30 pounds 10 shillings, while futures declined a similar amount to 31 pounds 5 shillings. Electrolytic copper was unchanged at 36 pounds. Tin registered losses ranging from 7 shillings 6 pence to 17 shillings 6 pence. Lead was firm, spot advancing 2 shillings 6 pence to 12 pounds 15 shillings. Zinz prices rose from 2 shillings 6 pence to 10 shillings. RAW SUGAR PRICES High. Low’. Close. January 1.31 1.29 1.29 March 1.33 1 31 1.32 May 1.39 1.37 1.37 July 1.44 1.42 1.42 September 1.38 1.29 1.25 December 1.31 1 28 1.29

Public Service Company of Indiana Notice of Dividend The Board of Directors of the Public Service Company of Indiana has declared the regular quarterly dividend of $1.75 per share on the outstanding $7 Cumulative Prior Preferred Stock of the Company, payable October 15,1931, to stockholders of record September 30, 1931. BERNARD P. SHEARON, ’Secretary.

.SEPT. 22,1931

OBSERVERS SEE BRIGHT FUTURE FOR SECURITIES! Express Belief That Worst* Stage of Gold Scare Is Past. By United Press NEW YORK, Sept. 22.—Banker* today were generally pleased with the performance of the stock market following suspension of the gold standard by Great Britain. According to well-informed sources, there was no organized banking support of stocks, and non* appeared necessary. The stock market, however, was considered in some quarters to bo too artificial to determine its exact reaction to the British move. A* ban on short selling among other restrictions served to keep prices from going down In accordance with the law of supply and demand. * Reports in Wall Street that big bears had turned bullish were not countenanced in well-informed quarters. It was reported that theso traders had been requested officially to support the market by covering shorts. Banking Support Seen Some banking support was dis* cernible in Steel common, but it was not the organized aid given tha market in 1929 when conditions were different from today. It was pointed out that should* the market need support, there wera vast resources on which to call. New! York banks, according to an inter* national banker, are in excellent condition to cope with any situatiod that might develop. Asa matter of fact, bankers did not appear worried over the present situation abroad. They were of the opinion Great Britain would work out a solution of her problems and that the country again would go oa* a gold basis. None would venture a prediction as to whether the new gold standard would find the pound sterling at a -evaluated basis of, say $4. It was pointed out that nearly all other countries marked down the price of their currencies,, while Germany repudiated hers and started anew. Brokers’ Opinions Divided Great Britain’s credit has been kept up through centuries and some observers were of the opinion she would not fall back in this instance in the way of revaluating the pound sterling. g Brokers were divided in their opinions concerning the movement of the stock market in the immediate future. Some of them, recognizing the artificiality of the market, held that prices might be kept! up for a few days. Others advised sales on rallies. It is now impossible to sell a stock short. If shorts continue to cover their commitments, the tc hnical position of the market wi’l bo weakened and stocks will be subjected to pressure when the artif'’ial barriers to selling are removed, according to some authorities. Some expressed the belief today the market had seen its worst and now that the bad news of Great Britain’s move is out of the way, a slow recovery will set in.

Investment Trust Shares

(Bv Gibson At Bernard) PRICES ARE TO 12 NOON C. S. T. —Sept. 22 . „ J Bid. Ask. Amer Founds Corn c0m..... 2% 2% Am & Gen Sec A 10 Am Inv Trust shares 3% Basic Industry shares 3% 4’k Corporate Trust shares .. 3 7-20 3 17-2(P Cumulative Truust shares 4% 5U Diversified Trustee shares A... 11 Fixed Trust Oil shares 3 Fixed Trust shares A 9% ... Collateral Trustee shares.... 5% 6 Leaders of Industry series A.. 5% ... Standard Amer Trust shares.. 4 3 * 4% I Nation Wide Securities 4% 4% I National Induustrv shares ... 3% 4 3 N Am Trust shares 3% 4 Sel Am shares 3% i Shawmut Bank Inv Trust .... 2 4 Standard Amer Trusut shares 4% 4% Universal Trust shares 3% % i Super Corn of Am Tr shares A 4% 5 Fundamental Trust shares A.. 4% 5 i Fundamental Trust shares A.. 5% 5% U S Elec Light & Pwr A 24% 2j%

New York Bank Stocks

Bv Thomson & McKinnon. —Sept. 21— a . Bid Ask America 30% 32% Bankers 60 62 Brooklyn Trust 255 238 Central Hanover 234 1.71 Chase National 41 43 Chatham Phoenix Natl 36 38 Chemical 36 38 Citv National 50 52 Corn Exchange 73 76 Commercial 200 208 Continental 18 20 Empire 31 33 First National 2 500 2 600 Guaranty 310 325 Irving 20 22 Manhatten &Cos .39% 4l J f Manufacturers 34 36 New Yorx Trust 100 105 Public 25 27

Local Wagon Wheat

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

James T. Hamill & Company Private Wlrea to All Leading Markets Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bldg. Tel. Rile* 5493 Riley 5494

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