Indianapolis Times, Volume 43, Number 116, Indianapolis, Marion County, 23 September 1931 — Page 12

PAGE 12

PORKERS HOLD GOOD GAINS IN ACTIVE TRADE Indianapolis Prices Now Even With Outside Markets. A rise of 15 to 25 cents this morning brought Indianapolis hog prices into line with other markets, prices for the last few days having been considerably lower than justified. The bulk, 160 to 300 pounds, sold for $5.50 to $5.70; early top holding at $5.70. Receipts for the day was estimated at 4,500; holdovers were 121. In the cattle market beef steers held to a slow trend, the stock steady. Receipts were 1,200. Vealers advanced $1 with the range firm at $lO down. Calf receipts numbered 500. Lambs were up 25 cents or more in active trade. The bulk of better grades brought $6 to $7 with some held higher. Chicago hog receipts were 20,000, including 5,000. Market slow with most bids and few sales 5 to 10 cents lower than Tuesday’s average. Good to choice hogs weighing 170 to 250 pounds sold at $5.60 to $5.75, early top $5.80. Hogs around 250 to 290 pounds sold at $5.60 to $5.70. Cattle receipts 9,000, calves 2,500, market steady. Sheep receipts 20,000, market unchanged.

HOGS Scot. Bulk Earlv Top Receipts lfl. $5 45'-/ 5.70 $5.70 5,000 17. 5.60"/: 5.85 5.35 3.500 18. 5.60'// 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 5.55 4,500 23. 5.50® 5.70 5.70 4,500 Receipts, 4,00; market, higher. —Light Lights—-(l4o-1601 Good and choice...® 5.25 —Light Weights—-(l6o-1801 Good and choice.... 5.50 (180-200) Good and choice.... 560 —Medium Weights—-(2oo-220) Medium and g00d... 5.70 (200-250) Good and choice 5.70 —Heavy Weights—-(2so-260) Good and choice 5.50® 5.60 (290-350) Medium and g00d... 5.15® 5.50 -■—Packinf? Sows—-(27s-5001 Medium and g00d... 3.75® 5.00 (100-130) Slaughter pigs 5.00® 5.15 CATTLE (Slaughter Class) Receipts, 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-8501 _ „ Good and choice 7.00® 9.50 Common and medium 3.50® 7.00 Good and choice 4 00® 5-52 Medium 3.00® 5 22 Cull and common 1.50® 3.00 —Bulls (yearlings excluded)— Good and choice beefs 3.50® Cutter, common and medium.. 2.00® 3.50 CALVES AND VEALERS Receipts. 500; market, higher. —Vcalcrs— Good and choice $ 9 22® 1 2'22 Medium 750® 9.50 Cull and commons 5.50® 7.50 —Calves — Good and choice 5.50® Z'l2 Common and medium 3.00® 5.50 STOCKERS AND FEEDER STEERS Good and choice 5 00® Common and medium 3.00® 5.00 (800-1.500) Good and choice 5.00® 6.75 Common and medium 3.00® 5.00 SHEEP AND LAMBS Receipts. 1.200: market, higher. Good and choice $ 6.00® Inn Common and medium 3.00® 6.00 Ewes, medium and choice 1.25® 2.25 Cull and common 50® 1.25

Other Livestock By United Brest FT. WAYNE, Ind.. Sept. 23.—Hors. 10c higher: 100-140 lbs.. $4.95; 140-160 lbs.. *5.10: 160-180 lbs.. $5.30: 200-225 lbs.. $5 o 0: 225-250 lbs.. $5.60; 250-275 lbs., $5.50: 275300 lbs.. $5.40: 300-350 lbs.. $5.20: roughs. $3 75; stags. $2.50: calves. $9.50; lambs, $5.50. By United Press EAST ST. LOUIS. Sept. 23.—Hors—Receipts. 6.500: market, mostly steady; bulk. 170-225 lbs.. $5.35r 5.50: few loads. 240 lbs $5 554/ 5.60; 100-160 lbs.. [email protected]; sows. [email protected]. Cattle— Receipts. 2.500. Calves —Receipts. 1.200; market, vealers. 50c higher; other classes mostly steady: early sales native steers. $7,504/9.60; 1060-lb. averages at top: western steers. $4.90®5; fat mixed yearlings and heifers $7®8.50. cows largely $3.25®4.25; low cutters $1.50 472: top medium bulls. $3.75: good and choice vealers. $9.75. Sheep—Receipts. 1.800; market, fat lambs, strong to 25c higher; throwouts and sheep steady; bulk lambs. $5.7547.6; top to citv butchers $6 25; buck lambs, largely $4.75@5; common throwouts. $3: fat ewes. $2 down.

By United Press CINCINNATI. 0.. Sept. 23.—Hogs—Receipts 2,100; heldover none; moderately active mostly steady on weights 190 lbs. up- lighter weights unevenly steady to 25c lower; better grade 190 to 250 lbs., mostly $5.75; some 260 to 275 lbs., $5.60 to $5.65; 150 to 180 lbs. geneMlly. 55.254i!5.40; some to packers scaling upwards to 190 lbs.. $5.50; 130 to 150 lbs. mostly, $5; sows steady at s3.sofr/4; a few $4.25. Cattle — Receipts. 325; calves, 400; generally steady: common and medium steers and heifers on peddling basis at $4446; some more desirable light weight vearlings upward to $8- most beef cows, $3.25; bulk low cutters and cutters, $1.75473: bulls, strong; top $4.25; vealers strong to 50 cents higher after opening steady; good and choice, $9 4? 10; lower grades $8.50 down. Sheep—Receipts. 1,100; generally steady; better grade ewe and whether lambs, $6.50477; some $7.25: common throwouts $,*474.50; mixed lots and buck lambs. ss@'6; tat ewes mostly $1.50 downward. By United Press CLEVELAND. Sept. 23.—Hogs—Receipts, 2.600: holdover, 99; draggy. uneven, around 25c to 30c lower: practical top and bulk 580-260 lbs., $5.60; part steady outstanding quality. $5.75; few 275 lbs. weights. $5.50; little interest in light lights and pigs. Cattle—Receipts, 400; still peddling market on trashy grassers; cutter to medium light kind predominating; scattered sales, $3,504/6.25; cows and bulls active; strong, low cutter to medium cows. $24/ 4 and above; sausage bulls *3.50474.75 Calves—Receipts. 700: fairly active: steady to strong; spots higher on choice kind; practical top. $11.50; few best, sl2; cull to medium. $6.50 to 9.50. Sheep—Receipts. 1,809: steady improved quality considered: goojfl to choice lambs. $6.50 to $7; best quoted $7.25: cull to medium throwouts. $4475.50; ewes. $1472.50. occasionally to $3.

Bp Time* Special LOUISVILLE. Sect. 23.— Hors— Receipts. 500, steady: 175-240 lbs.. $5.40; 240-300 lbv $5; 300 lbs. up. $3.80: 130-175 lbs.. $4.70: 130 lbs. down. $4.30: packing sows. $2.15D 2.90: stags, mostly $1.90. Cattle—Receipts. 200: steady: bulk medium and good slaughter steers and hellers. $50:6.50: common down to $3 and below: best slaughter cows, mostly $3.25J?4: lower grades. sl.2sr*? 3- bulls. $3 5* down: bulk stockers and feeders, Calves—Receipts. 300; 50c higher: top vealers. $8.50; medium vealers $506.50: culls. 54.50 down. Sheep and lambs— Receipts. 350: steady; best lambs. $6 50: bucks. $5 50: throwouts. $2.5003.50: slaughter ewes. $2 down. Tuesday's shipments—Cattle. 84: calves, none: hogs. 134; sheep. 245. Bp United Press TOLEDO. Sept. 23.—HQSS— Receipts. 400: market. 15c to 25c lower; heavies. SSO 5.25; mediums. *5.40<>i5.50: vorkers, $505.25: Digs ss® 5 25. Cattle—Receipts. 450: market. steady. Calves—Receipts, light: market. strong. Sheep—Receipts, light: market. steady.

Bp United Press LAFAYETTE. Ind.. Sept. 23.—Hogs 10c to 25c higher: 200-250 lbs.. $5.45; 250-275 lbs.. $5.30; 270-900 lbs., $5 20: 300-325 lbs.. *5: 180-200 lbs. $5.30; 160-180 lbs.. $5.20-130-160 lbs. $4 85; 100-130 lbs., $4 70; roughs $4 25 down: top calves $9; top lambs. $5,50 - Famed Fiddler Critically 111 LEWISTON. Me.. Sept. 23.—The condition of Mellie Dunham, 78, the old-time fiddler made famous by Henry Ford, was described as “critical” at Central Maine hospital today. Dr. G. A. Schneider performed a major operation on Mellie Tuesday and said a second operation may be necessary. Circus Puts Mix “In Hole” Bp United Press HOUSTON. Tex., Sept. 23.—Attired ln.boota and ten-gallon hat, Tom Mix, the actor -cowboy, visited the Texas legislature and invited the members to the circus with which he is appearing. Then the circus forgot to send the tickets.

New York Stocks IBv Thomson At McKinnom — ■ ■

—Sept. 23Railroads— . High. Low. 11:30 cUm>:. Atchison 119 117 lll'.a ljj Atl Coast Line ... ... ... 7 ‘% Bait & Ohio ... ?Va 35 35% 31% Chess & Ohio . 29'a 28'a 2f% Ifj* Chesa Corn*. 23'a 23 23 * 21* Chi Ort West . 4 3** 3 ‘‘ Chi N West. .. 17',-a 17 1(% 16‘a C R I Si P ■ ■ 28 Del L & W 35'A 33*4 35J4 32 4 Del At Hudson.. .. ... W > Erie 13'a 12*4 137* *37* Erie Ist old • • •„ 1!* Great Northern.. 2# 2874 29 28 Illinois Central . ... ••• Kan City So ... 1174 10% 11% 10 Lou At Nash , ••• • °2 M K At T 8% 8 8% 8 Mo Pacific 1J * if Mo Pacific pfd... 35 33 34 31 N Y Centra! . . 64(4 63’•* 63 * 60 4 Nickel Plate. .. .. ■■■ 1| -44-a N Y N H At H 43 41 a 39 4 Nor Pacific . 27% 26% 26 . 28 Norfolk At West .132 131% 131% *3O O At 9 % ,8 if Pennsylvania \36 34'4 * 32% to ca &c :. ::: % | Southern Rv 18% 18 18 a 18 ilttliM-:. ::: | * Wabash W Maryland .. 8% 8% 8% West Pacific ’ Am Locomotive .11 }O% 10% 10!a Am Steel Fd ... 10% 107* 10V* 10 Am Air Brake S .. ••• 23 /* 24 /s Gen Am Tank 49% 49 49 * 49 / General Elec ... 32 31 .* 31 * 30% Gen Rv Signal.. 38% 38 38* 35/2 Lima Loco 1° 1 ® 1 , Press Stl Car 2!* 2% Westingh Ar B. l/_* 17 a 17 l7 b Westlngh Elec.. 50% 49% 49% 48

Rubbers — Firestone I s /* Fisk _% Goodyear V..V.V 32% ttV 31% 31% Kelly Sprgfld 1% 1% Lee Rubber 2% 2% U S Rubber 8 7% Auburn 124% 122 122% 120 Chrysler 15% 147* 14% 14% Graham Paige • • 2% 2a Hudson* MOt ° rS 10% 10*: 10% 10% Maci 20 1974 '26 ‘ Marmon .... ... ,f% • Nash 18% 18 18 18% Packard 5V* 5 5 5 Studebaker 11% 11% 11% I|% Yellow Truck. . 5V* s'/ 5’A 5 Motor Access — Am Bosch 5% ... Bcndlx Aviation 177* 16% 17% 16% Borg Warner ... 14 13 14 12% Briggs 9% 9 Vs 9% 8% Budd Wheel 5% 5% S!A 5% Campbell Wy 9% 9* Eaton 9% 9% El Storage 8..*35'/s 34 Va * 35% 33% Hayes Body ... , 1 j/a 1 % Houda 4% - 47* 4Va 4% Motor Wheel , ... , 8 8% Sparks W 57* 5% s'* . s!* Stewart Warner 6% 6% 6% 6% Timken Roll 26 Va 27 Mining— Am Metals .... 674 5% 5% 6 Am Smelt 22% 217* Am Zinc ... 3% 3% Anaconda Cop.. 177* 17 1 /* 1774 1 7 Cal At Hecla 4% 4'/s Cal At Ariz •••.. 25 ... Cerro de Pasco 13 1 * 1272 1374 12% Dome Mines 9% 9*4 9% 9% Freeport Texas.. 18% 18 18'% 18% Granby Corn... 8% 8% 8% 874 Great Nor Ore.. 14% 14% 14% 14% Howe Sound 14% 14 Int Nickel 97* 8% 9% 8% Inspiration ■ • ,474 4% Kennecott Cop... 127s 12 127's 11'% Magma Cop 9 % Miami Copper • 4% Nev Cons ... 67* 6% Texas Gul Sul... 26% 2d * 26 t 25 8 U S Smelt 14% 14% 14% 14% At? Refining ... 12 1 /* 1174 12V* 117s Barnsdall 6 5% 6 6 Houston 5% 5% 5% 5% Taaro Oil *.. . • • IV2 Mex Std 9’* 9,, 97* 9% Mid Conti ..../. 6% 6V* 6V* 6 Pan Amer (B) ~ 25 Phillips 6'% 6!* 6''* 6 1 /* Pr Ofl & Gas 774 7*/a Pure Oil 5 s * ... Royal Dutch ... 18% 18% 18% 16 Shell Un 4% 5% 5% 4V* Sinclair 77* 7% 7!4 67s Skelly 4V Stand of Cal 32% 32% Stand of N J... 33% 337* 3374 32V* Soc Vac 157* 15 15 1474 Texas Cos 207* 1974 20 19 Union Oil 14 137* 14 13*4 Steels — Am Roll Mills.. 15% 15 1574 15 Bethlehem 36% 367* 36% 3474 Byers AM 20% 19% 1914 1774 Colo Fuel ..... 9Vs 9 9 87* Cruc Steel ... 3474 34 Inland 33 Ludlum 8 774 8 7 Repub X & 5.... 8 7% 8 6>/4 U S Steel 82 81% 1% 80 Vanadium 21 20 2074 IBV2 Youngst S & W 15 Youngst S & T 26 Tobaccos — Am Sumatra 6 Am Tob A (newl 90 88% 90 88V2 Am Tob B (new) 93% 91% 9374 90 Con Cigars ... 26V* 27 General Cigar 30% 2974 Lig & Myers 8..-54 53% 54 53V* Lorillard 1374 12% Reynolds Tob.. 4174 4074 41V* 40% Tob Pr A 8% B*4 Tob Pr B 2 2

Utilities— Abitibi 32% 3 2Vi Adams Exp 8% 8% 8% BVi Am For Pwr 17% 16V, 16% 15% Am Pwwr & Li... 20 19 20 18V8 A T & T 144 140% 143 138=4 Col Gas & El.. 21% 20% 21% 20Vb Com & Sou 5Vi 5Vi 5Vi 5Vi El Pwr & Li... 27 26Vi 26% 24% Inti T & T.... 19V, 18 18% 17% Natl Pwr & Li.. 17% 16V* 17V* 16 No Amer C 0.... 50% 49 50 48% Pac Gas & El 36% 35% 36% 36 Pub Ser N J... 64% 63 64 61‘4 So Cal Edison 33% 33% Std G & E 1.... 41% 40% 41% 40 United Corn... 15% 1574 15% 14% Ut Pwr & L A.. 13 12V, 12% 12% West Union 102 101'/a 101 Vi 103 Shipping— Am Inti Corp.. .. 7V* N Y Shin ... 3Vi United Fruit 37% Foods— Am Sum 44% 43% Armour A IV4 Beechnut Pkg 44 Cal Pkg 18% 18% Can Drv 20% 19 19 20 Childs Cos 11 10% 10% 11% Coca Cola .... 133% 133 133% 132 Cont Baking A.. 6% 6% 6% 6% Corn Prod 48 46% 48 47V, Crm Wheat 21% 21 Cudahy Pkg 32% Cuban Am Sug.. 2% 2% 2% 2% Gen Foods .... 41% 40% 41% 40% Grand Union ... 10% Hershey 80 Jewel Tea 34% Kroger 23% 22% 23% 22% Nat Biscuit 41% 4041 V, 39 Pillsbury 24 V, Purity Bak .... 16% 16% 16% 16 Safeway St 53% 52% 53% 52% Std Brands.... 15% 15% 15% 15V, Drugs— Cotv Inc 4% 4% Lambert Cos .... 57% 56% 56% 54% Lehn & Fink 23 23 Industrials— Am Radiator.... 9V* B s /* 9 9 Bush Term 18 Certainteed ... ... 3% Gen Asphalt ... 13% 12% 13% 12 Lehigh Port •• 8 Otis Elev 28 % 27%

Net Changes

Bp United Press NEW YORK, Sept. 22.—Closing prices and net changes on principal stocks traded today on the New York stock Exchange follow: up. on. Alaska Juneau 16*4 1 American Can 80Vs ... *4 American & Foreign Pwr. 15’i ... vs American Smelting 21*4 *4 ... American Telephone 138*4 ... 1% Atchison 114 2 Auburn 120 2 ... Bethlehem Steel 34*4 ... *4 Case 46 ... *4 Chrysler 14’4 ... Vi Consolidated Gas 73’ 2 ... *4 Fox Film A 9’j ... *i General Electric 30*4 ... 1 s General Motors 29V4 ... 7 e Gillette 10*4 ... Vi International Nickel B'i ... *4 International Telephone ... 17*4 ... Vi Loew’s Inc 38V4 Montgomery Ward 12 ... V 4 New York Central 60 7 4 Vi ... Paramount Pennsylvania 32Vt *4 ... Public Service 61 * .. I*4 Radio 13’* V* ... Sears Roebuck 42V ... Standard Gas 40 ... 2*4 Stan Oil N J 32Vi ... *i Texas Coro 19 ... *4 U S Steel 80 ... ... Vanadium 18V4 ... I*4 Westinghouse El 48 ... 1 Woolworth 50 ... 2

Investment Trust Shares

(By Gibson A Bernard! PRICES ARE TO 12 NOON C. S. T. —Sept. 23 Bid. Ask. Am Founders Corp Com 2** 2*4 Am 8: (Jen Sec A 10 ... Am Inv Tr Shares 3*4 3 Basic Industry Shares 3* 4* Collateral Trustee Shares A.. 5 5*4 Corporate Trust Shares 3V4 4 Cumulative Trust Shares 5V4 5Vi Diversified Trustee Shares A.. 13 Fixed Trust Oil Shares 3 Fixed Trust Shares A 9 T 4 ... Fundamental Trust Shares A 4 T * 5*4 Fundamental Trust Shares B SVfc s* Leaders of Industry A s> ... Low Priced Shares 4*4 4*4 Nation Wide Securities 4*4 4% National Industries Shares... 4 4 Vs North American Tr Shares.. 3*4 4*4 Selected American Shares .. 3*4 3*4 Selected Income Shares 4’ 3 5 Shawmut Bank Inv Trust.... 2 4 Std Am Trust Shares 4*4 4*4 Super Corp of Am Tr Shares 4% 4 , Trustee Std Oil A 4*4 ... Trustee Std Oil B 4** 4*4 Unified Service Trust Sh A., 3* 3% U S Elec Light A Power A.. 24 26 Umvectal Trust Share* 3*4

Indus Chetns— Allied Chem 96 93% #374 91 Com Soiv 12% 11% 12 11V* Union Garb US . I *? d . Alco - 271/2 27 2774 267, Retail Stores— Assoc Dry Gds 14 13 Gimbel Bros .. 314 £ resg £ 5 8 •••• 2 * v * 2674 2674 26% May D Store ... 27 26% 27 26% Mont Ward 12% 12 12*4 12 Penny J C 36 3574 36 347, Schufte Ret Bt. .. 4 Sears Roe 43% 4274 43 % 4274 Wool worth 5374 52 % 53% 50 Amusements— Bruns Balke 5 Col Graph "5 asCrosley Radio ’3* Eastman Kod ..121 120 i20% 120 Fox Film A .... 10 974 10 9% Grigsby Gru ... 2% 2% 2% % Loews Inc 40% 39% 40 38% Param Fam ... 157 2 14% 15 14% Radio Corp .... 15% 14% 15 13 s * fchiitart !°* . 10 '- 10 * $ Warner Bros .. 7V 2 7% ”734 7 Miscellaneous— City Ice & Fu 29 29% Congoleum i2'/ li*4 11% 11% c * n 8374 82% 82% 8074 cs?i*wr-:::: 41 M!4 T‘ ™ SSlfraf ’IS 'K 'IS 'S' 1 Un Arc.ft IB 18% 18% 17% Int Harv 28% 28 28>4 2874 J 7 Case 4774 4674 47% 46

Bright Spots of Business

—... . 8y United Press ™ RK ', S^ pt - 23.—Shoe output In United States in August was more than 9 per cent above August. 1930. according to the trade survey bureau of the national tanners’ council. ST. LOUlS—Revenue freight loadings of the Missouri Pacific for the week ended Sept. 19 totaled 25.568 cars, against 23.312 cars in the preceding week. RICHMOND. Va. —About 400 employes have been added to payrolls of three tobacco factories here. NEW YORK—With orders on hand necessitating capicity operations. the Propper-McCallum Hosiery Company, Inc., announced It was not accepting new accounts and was limiting sales to the present list of 3.000 customers. NEW YORK—Godchaux Sugars. Inc., reported for the seven months ended Aug. 31 net earning sos v . 476.473. against $342.885 for the like period of 1930. MINNEAPOLIS—Net Income of the ‘‘SOO Line” for August amounted to $478,862 against $216,617 for August, 1930. NEW YORK—A. P. W. Paper Company reported for the vear ended June 30 net income of $244,260, against $213,349 in the preceding year. WASHINGTON—Highways In thlrtv-six states employed 56.000 more workers in August than in July. TULiSA, Okla.—Harry Rogers, president of the exchange national bank of Tulsa, said today that rural Oklahoma banks were in a much stronger position now than they had been in several years. BARTLESVILLE. Okla—Phillips Petroleum Company directors announced consolidated operating profit for August was $1,559,507 and net earnings for the same period were $420,308.

Indianapolis Stocks

—Sept. 23 — Bid. Ask. American Cent Life Ins Cos 175 Belt RR & S Yds Cos com.. 29% 34 Belt R R & Yds Cos pfd .... 49% 55 Bobbs-Merrill Cos 11 Central Ind Power Cos pfd 7s. 68 75 Circle Theater Cos com 7s Citizens Gas Cos com 10s 21 Citizens Gas Cos pfd 5s 96 100 Commonwealth Ln Cos pfd 75.. 97 101 Commonwealth Loan Cos 85... 101 ... ' Hook Drug com 9% ... Indiana Hotel Cos Clavpooi... .110 Ind Hotel Cos pfd 6s 100 Indpls Gas com 6s 56% 61 Indpls Pwr & Lt Cos pfd sVis 98 103 Indpls Pub Wei Ln Assn cm 8s 50% ... Indpls St Railway 1% Indpls Water Cos pfd 5s 100 Pub Servos Ind 7s : 93 98 Pub Servos Ind 6s 80 87 Metro Loan Cos 8s 100 ... No Ind Pub Serv Cos pfd 65.. 100 North Ind Pub Sr Cos pfd 5%s 97 No Indiana Pub Cos 7s 109 Progress 19 E. Rauh & Sons Fert Cos pfd 6s 47 Shareholders Invest Cos 9 Ter Haute Tr & Li Cos pfd 6s 90 Union Title Cos com 3s 11 Van Camp Prod Cos Ist pfd 93 Van Camp Prod Cos 2d pfd Bs. .. 93 Backstay Welt Cos com 17 Ind Pipe Line Cos 10 11 Link Belt com 21 22 Lynch Glass Machine Cos com 11 13 Noblitt Sparks Industrials Inc 21 22 Perfect Circle Cos com 30 32 Real Silk Hosiery Mills. Inc... 5 5% Real Silk Hosiery Mills pfd.. 24 30 Standard Oil Cos (Indiana)... 21 22 Ross Gear 18 20 Natl Title 33% J D Adams Manufacturing Cos. 14 15 BONDS Bid. Ask. Belt R R & Stk Yds Cos 4s ... 92 Cent Ind Gas Cos 5s 99 Cent Ind Power Cos 6s 99% ... Citizens Gas Cos 5s 99 Citizens Street Railroad 5s 21 Home T & T of Ft Wayne 65..102% ... Ind Railway & Light Cos 55.. 95 Indiana Service 5s . 86 Indpls Pow & Li Cos 5s 101 Indpls Gas Cos 5s 99 103 Indpls Street R.vs 4s 11 Indpls Trac Terminal Cos 55.. 47% ... Indpls Water Cos 5%5, ’53 102 Indpls Water Cos 5%5. ’54.... 101 Indpls Union Rv 5s 100 Indpls Wa Cos Ist lien ref ss. 97 Indpls Water Cos 4%s 95 101% Indpls Water Wks Sec Cos 55.. 92% ... Interstate Pub Serv Cos 4%5.. 90 Interstate Pub S Cos (B) 6%5.103 Interstate 5s 98 No Ind Pub Serv Cos 102% ... Terre H T & L 5s 97

Marriage Licenses Francis McEvoy. 30, of 3806 East Michigan street, laborer, and Mary Watson, 37. of 4317 East Washington street. Everett L. Vinson. 22. of 1342 North Illinois street, sheet metal worker, and Edna Highton. 21. of 1342 North Illinois street. Walter E Hastings. 23. of 1008 South Denniston street, clerk, and LeNora Hammer. 19, of 342 South Lyons avenue, typist. George L. Jordan. 22. of Greenwood, toolmaker. and Ruth K. Thompson. 23. of 1263 Nordvke avenue, saleslady. Marion Mosher Jr.. 23. of 1057 West Thirtv-sixth stpeet. salesman, and Marie Tavlor. 18. of 2912 Rader street. Merrill G. Gildersleave. 19. of 824 North Hamilton street, hatter, and Mildred R. Shilling. 20. of 1317 North Jefferson avenue. Jess Johnson. 19. of R. R. No. 1, New Augusta, and Grace Franklin. 21. of 721 North Lvnn avenue. James M. Sweeney. 33. of 642 North Jefferson avenue, clerk, and Helen E. Cahill. 32. of 209 North Gray street. Willoughby D Reed. 59. English hotel, actor, and Sarah F. Lester. 48. English hotel. actress. Births Boys Ross and Mary Terry, 773 Haugh. Merle and Mervin Horton, Coleman hospital. Paul and Mary Snively, Coleman hospital. Chester and Helen Wellington. Coleman hospital. William and Wavie Coy, 2733 North Tacoma. John and Clonia Pittard, 1310 West Thirtieth. Frank and Catherine Hudson. 1408 North Olney. Girls William and Triela Prickett, Coleman hospital. Ottis and Lucille Stivers, 919 Park. Edwin and Nettie Thrasher, 1062 South West. Lucian and Clara Coleman. 2105 Eoulevard place. Charles and Irene Baterman, 3834 Fletcher.

a Deaths Maude Plosser. 47. Central Indiana hospital, pulmonary abscess. Ivan Hancock, 25, Christian hospital, accidental. Sylvester Leavell. 83, 404 West Twentysixth, cardio vascular renal disease. Susan Leota Smith, 53. 1002 Collier, endocarditis. Mathilda Feldman, 34, St. Vincent’s hospital. tuberculosis. Emil A. Hasting, 44. 1310 North Healing. carcinoma. Harry S. Hilliard, 53. Thirty-second and Meridian, cardiac dilatation. Conrad Rust. 60, St. Vincent’s hospital. Influenza. Walter A. Stout. 49. 2508 West Washington. chronic nephritis. Frank Musselman, 65, Central Indiana hospital, hypostatic pneumonia. Wilhelmina E. Fischel, 6.7, 2644 Sutherland, chronic nephritis.

CARAVAN CLUB TO MEET Senator Arthur Robinson to Be Shrine Session Speaker. Addresses by prominent persons, attendance features, and special attractions are scheduled for the meetings of the Caravan Club, sponsored by the Shriners of Indianapolis, which will hold the first of its weekly luncheons at Murat temple Thursday. Speaker at the first meeting will be Senator Arthur R. Robinson, a past potentate, who will discuss his recent journey to the Far East. Earl E. Temperly, newly elected president, will be master of ceremonies for the coming season.

THE INDIANAPOLIS TIMES

STOCKS RALLY AS BEAR LINES ARE jOUGHT IN Rails Make Best Showing in Months as Shorts Run to Cover.

Average Stock Prices

Average of thirtv Industrials for Tuesdav 109 40. off 1.43. Average of twenty rails 54.27. off .28. Average of twenty utilities 42.86. off 63. Average of fgrt.v bonds 88.56. off .24. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Sept. 23.—The stock market made its best display of strength in several months today, as bears covered their commitments at heavy losses. Railroad shares were buoyant as a result of this short covering and their strength carried the entire market upward. Losses of recent sessions were wiped out easily. Railroad gains ranged up to more than 15 points and the turnover was heavy. Bonds continued to improve after a steadier opening. British opened at 99, up 4 points, and held near that figure, while buying ascribed to banks brought an improved tone elsewhere. Commodities were bid up. Stocks on other exchanges followed New York. Markets at London, Paris, Rome and Milan were strong. Steel Shares Strong The Street was of the opinion the British situation had been taken out of the realm of uncertainty. Reopening of the London Exchange was considered a favorable factor. It was said to be indicative of more settled conditions in Great Britain, and its operation was relieving New York of bearing the brunt of world financial market operations. Reorganization of Transamerica Corporation, which divested the corporation of its bank affiliates, was a favorable factor for the bank shares involved. Bank of America of New York stock opened at 36 bid and sales were made as high as 37, against a low of 31 Vs Tuesday. Around noon United States Steel was at 83%, up 3%; Case 48%, up 3%; Auburn Auto 126%, up 6%; American Can 83%, up 3%; Westinghouse Electric 50%, up 2%, and Woolworth 54, up 4. All others made gains of 1 to 4 points. Rail Issues Soar American Telephone soared nearly 6 points to 144% to lead a strong public utility group. Oils joined the advance and moved up small amounts as did copper shares. Following is a list of the popular railroad shares, giving their low for the bear market, high up to noon today and net change from Tuesday night’s close on the high: Bear High Stock. Market Low. Today. Gain. Atchison 105 1227% 8% B. & 0 31 3774 4% C. & 0 24% 31 4% Chi., R. I. & Pac... 20 31% 3% Del. & Hudson 96 117 157a D . L. & W 29% 4074 7% M„ K. & T 6% 9% 1% Mo. Pacific 1074 16 3 Mo. Pac. pfd 29 37 6 N. Y. Central 5774 6674 5% New Haven 36'% 45'% 5% Reading 45 65% 574 St. L. & S F.. 8 1174 2’/a So. Pac 55 74 6 4 4% So. Ry 17'% 21% 3'% Union Pacific 11074 128 12'%

Bank Clearings

INDIANAPOLIS STATEMENT —Sept. 23 Clearings $2,015,000.00 Debits 5,092,000.00 CHICAGO STATEMENT —Sept. 23Clearings $59,500,000.00 Balances 4,700,000.00 TREASURY STATEMENT —Sent. 23 Net balance for Sept. 21 $633,677,120.21 Expenditures 19,500,387.23 Customs rects. mo. to date 24,479,507.81

New York Bank Stocks

(By Thomson & McKinnon) —Sept 22 Bid. Ask. America 32 34 Bankers 59 % 61% Brooklyn Trust 245 255 Central Hanover 155 159 Chase National 40 42 Chatham Phoenix Natl.... 36% 38% Chemical 35 % 37% Citv National 49 51 Corn Exchange 71 74 Commercial 190 198 Continental 18 20 Empire 30% 32% First National 2,500 2,600 Guaranty 307 312 Irving 19% 20% Manhattan & Cos 39% 41% Manufacturers 33 35 New York Trust 101 104 Public 24 26

New York Curb Market

. (By Thomson A McKinnon) —Sept. 23 11:30} 11:30. Alum Cos of Am 103 |lnd Terr A ... 6>/> Am Cynamid .. 4*4 Insull Ut 141/2 Am Gas A Elec 42*4 Int Super 1714 Am Lt A Trac. 25 (Int Pete B*4 Am Sup Pwr... 7 |Mead Johnson 54 >4 Ark Gas A ... 3*4lMidwest Ut .... 10*4 Ass Gas & El A 7*4|Newmont Min .. 20 Braz Pwr & Lt. 9*/ 4 !Nia Hud Pwr ... B*4 Can Marc IVi Niles 10 1 - Cent Sts Elec... 4 jPenroad 4*4 Cities Serv .... 7*4;St. Regis Paper. 7*4 Cons Gas Balt 72V4 Shenandoah .. 2 Cord 6 So Union Gas.. 4 Ford of Can ... 12 Std of Ind 20*4 Ford of Eng ... 7 Trans Air Trans 4*4 Fox Thea I*4 Un Gas 4 Goldman Sachs. 3 Un Lt Pwr .... 12 Gulf Oil 44*4 Un Verde 6 Hudson Bay ... 2*4 Ut A Indus 4*/ Imp Oil of Can 9 !United Fndrs... 3 Chicago Stocks Opening (By James T. Hamill A Cos.) —Sept. 23 Ass Tel Util .. 18 * 4 Insull pfd 46*4 Bendix Avia .. 17*4 Insull 6s 40 59*4 Borg Warner.. 13* 8 Lib McNeil Pro 7Vi Cent So West.. 9*4 Mid United Cos. 15*4 Cord Corp ... 6 Middle West.... 10*4 Cont Chi Com 2*4i Natl Sec Com.. 2Vi Cont Chi pfd.. 28*4} Sbd Util 2 Comm Edison.. 159 !Swift & Cos ... 23 Chi Sec 7*41 Swift Inti .... 30 Grigsby Gru... 2'4lU S Rad A Tel 14*4 Gt Lks Arcft.. 3*41 Utah Prod 2 Elec Househld. 9 |Ut A Ind Com 4 Insull Com 14*4l Walgreen Strs.. 14*4 New York Liberty Bonds —Sept. 22 3 Vis ... 102.6 Ist 4’is 102.27 4th 4Vis 104.26 Treasury 4V4s 110.18 Treasury 4s 106.14 Treasury 3*4s 104.18 Treasury 3*sS of 47 101.21 Treasury 3*4s of 43 (March) 101.20 NEW YORK COFFEE RANGE —Sept. 22 High. Low. Close. January 1.29 1.27 1.23 March 1.33 1.30 1.30 May 1.38 1.35 1.36 Julv 1.41 1.40 1.40 September 1.29 1.28 1.29 December 1.30 1.28 1.29

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

Dow-Jones Summary

Minneapolis. St. Paul & S. S. Marhj railway system in eight months ended Aug. 31, net loss $4 584.410 “ {t A r ol l f *^ s 7 ar | and charges, against net loss of *2.912.617 in 1930 period. August net income $478,862. against $216,617 in August. 1930. American Ice declared a quarterly dividend of 50 cents on common stock, payable Oct. 26. of record Oct 2, placing stock on $3 annual basis, against $3 previously. Buenos Aires Great Southern Railway Company, Ltd., omitted its final dividend. Last year 3 per cent was paid. Peoples National Bank of Brooklyn declared a regular quarterly dvidend of $3. payable Oct. 1. of record Sept. 22. National Pineproofing Corporation defers action on quarterly dividend of 75 cents on 6 per cent cumulative preferred stock, due at this time. New York Central lines loaded 51.850 cars in week ended Sept. 19. against 67,721 in like 1930 week. Preceding week, which included Labor day. showed loadings of 45.280. Wisconsin Central August net loss SIOO,915 after taxes and charges, against net loss $28,245 In August, 1930 Eight months net loss $1,747,607. against net loss $1,467,901. Gasoline stocks in week ended Sept. 12. off 695.000 barrels to 31.123.000 barrels, according to American Petroleum. Daily average of crude oil outputs in United States in week was 2.201,600 barrels. an increase of 282,600 over previous week. Pere Marquette Railway Company has taken no action on quarterly dividends on preferred and prior preferred stocks, due at this time. General Foods Corporation declared a regular quarterly dividend of 75 cents on common stock, payable Nov. 2, of record Oct. 13. Oil companies reduce service station price of gasoline in Denver to 17 cents from 19 cents, including 4 cents state tax. Gotham Silk Hosiery makes drastic cut in prices ranging up to $4.50 a dozen pairs. Shell Oil Company and Standard Oil of Pennsylvania raise service station price of gasoline in Philadelphia '% cents a Gallon to 10 cents. Gold earmarked here for foreign account increased $98,200,000 Monday and $10;900,000 Tuesday, according to daily gold shipment of New York federal reserve bank.

DENY STOCK SALES Sun Life Brands Rumors of Operations as False. Rumors that the Sun Life Assurance of Canada has been selling American Telephone and Telegraph Company, and other stocks, resulting in a depressed market, were denied today by Arthur B. Wood, Montreal, vice-president and actuary of the Sun company. “Rumors that the Sun company has been selling A. T. and TANARUS., or any other stocks are false,” Wood said. “The company has not for many months sold a single share of either common or preferred stock and has no intention of doing so.”

Produce Markets

Eggs (country run)—Loss off delivered ln Indianapolis. 17c: henerv 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. 17c. bareback, 12c: Leghorn broilers. 15c; spring chickens. 4 lbs. and over. 17c: under 4 lbs., 17c: old cocks, B@9c: ducks, full feathered, 9c; geese. 6c. These prices are for No. 1 top quality quoted by Kingan & Cos. Butter (wholesale)—No. 1. 33@34c: No. 2. 31@32c. Butterfat —29c. Cheese (wholesale selling price per pound)—American loaf. 23%c; pimento loaf. 25%c; Wisconsin firsts. 19c: Longhorns. 19c; New limberger. 30c. By United Press NEW YORK. Sept. 23.—PotatoesMarket. steady; Long Island, [email protected] barrel; New Jerseys. [email protected] basket; Maine. [email protected] barrel. Sweet potatoes —Market, steady; Jersey baskets, 75c® $1.25; Southern baskets. 60c@$l; Southern barrels. $1.50. Flour —Market, quiet and steady: spring patents. [email protected]. Pork— Market, easy; mess. s2l. Lard —Market, easy; middlewest spot. ,[email protected]. Tallow —Market, quiet: special to extra, .02% (a). 02%c. Dressed poultry—Market, steady turkeys. 25 @ 50c: chickens. 20 @ 36c: broilers. 20@34c: fowls, 12 @ 28c; ducks. Long Island. 14@18c. Live poultry—Market, quiet: geese. 12@15c: ducks. 13@21c: fowls, 16©27c: turkeys. 25@35c; roosters, 14@15c; chickens. 19@28c. Cheese —Market, quiet; state whole milk fancy to special. 15 %@ 23c%: young America. 16%@17c. By United Press CINCINNATI. 0.. Sept. 23—Butter, steady; creamery in tub lots, according to score. 27®29c; common score discounted. 2@3c; packing stock No. 1. 21c; No. 2, 18c; No. 3.12 c: butterfat. 25@27c. Eggs— Steady: cases, included: extra firsts. 22c; firsts. 20c; seconds. 16c; 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 lbs. and over, 15c: roosters. 11c, broilers, colored, 1 lb. and over. 23c: 1% lbs. and over. 20c; 2 lbs. and over. 18c: fryers. 3 lbs. and over. 18c: partly feathered. 12c: Leghorn broilers, 1 lb. and over. 23c: 1% lbs. and over, 20c; 2 lbs. and over. 16c: black springers. 12c: roasting chickens. 4 lbs. and over, 13c. By United Press CHICAGO. Sent. 23.—Eggs—Market, steadv: receipts. 4.010 cases; extra* firsts. 20c; firsts. 19c; current receipts. 16<S>17%c; seconds. 10@14%c. Butter—Market, firmer: receipts. 7,349 tubs; extras, 30%c; extra firsts. 28@29%c: firsts. 25@26%c; seconds. 23@24%c: standards. 29c. Poultry—Market, nominal: receipts, 3 cars; none due; fowls. 17c; springers. 16c; Leghorns. 13c; ducks. 14@17c; geese, 13c; turkeys. 17@20c: roosters. 12%c: broilers, 2 lbs., 16c: broilers, under 2 lbs.. 16c; Leghorn broilers. $1.15. Cheese—Twins. 15% @ls%c; young Americas. 15%@16c. Potatoes —On tracks. 298: arrivals. 81; shipments. 641; market, weak; Wisconsin Cobblers. 85c®95c; Minesota cobblers, 80® 95c: Idaho Triumphs. 85c@$l: Idaho Russets No. 1. $1.60®1.70: No. 2, [email protected]; Red River Ohios. 85®95c. By United Press CLEVELAND. Sept. 23.—Butter—Extras, 34%c: standards. 33c: market, steady. Eggs —Extras. 22(3 23c: firsts. 18%c: ordinary firsts. 14c; market, steady. Poultry—Heavy fowls. 23®24c: medium. 22c: Leghorn. 15 @18c: heavy broilers. 20®22c; light broilers. 15@19c: ducks. I2®18c: old cocks. 12 ®l4c: market, steady. Potatoes —Ohio Cobblers. 75c per bushel sack; Idaho Russet. [email protected] per 150-lb. sack; Long Island Cobblers. $2®2.15 per 150-lb. sack; New Jersey Cobblers best mostly. $1.90 per 150-lb. sack.

Local Wagon Wheat

City grain uievators are paying 37c for No. 2 red wheat and 36c for N' l . 2 hard wheat.

MOTION PICTURES ° j“T H E BARGAIN” | FRIDAY You’ll Know — SSBRI How to hold a husband after you’ve won him! Brebouhd j|j from Donald ■*.**? - ‘‘"wm-MM JW ■ fi I Ozden Stewarts %>Mtf eJU jj"" jj sensational ■ a iHEm hopperKß DEHNb# I Louise Closser Haler I I 1 You’ll say it’s better I | IN PER/ON | than -’HoUday!’’ ■ L Two Million letters BSgW* hrr answers 9.% correct! Appears 1:08 p. m.. JAnVf H ™JB gPB 3:25 p.m. p. m. ■ WhJg M| and 9.27 p m. M a—■

GRAINS HIGHER ON FAVORABLE NEWSREPORTS Strength at Liverpool and in Securities Help Wheat. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, Sept. 23.—With increasing steadiness in the Liverpool market, and optimistic stock market signs in the United States, all months in wheat showed fractional gains at the Board of Trade opening today. Corn was unchanged to fractionally higher with the exception of September, which had not recovered from Tuesday’s liquidation, and was off in the fractions. Oats, in sympathy with the strength of wheat, was up. Wheat Opens Higher At the opening wheat was % to % cent higher, corn was % cent low T er to % cent higher and oats up % to % cent. Provisions were weak to lower. The steadiness of wheat in the face of liquidation in corn and the spreading operations both here and at Winnipeg, was due to the prospect for steadiness in the stock market, and the Board of Trade expected to show strength in wheat at the opening today. No foreign export in the major grain is looked forward to for some time, but*the prospect for increasing strength in wheat was based on the bullish tone of the Liverpool market, which opened higher. Cash Corn Strong The firmness in cash gave strength to com despite the heavy liquidation in September Tuesday. The deferred months recovered before Tuesday’s close, and traders in this pit were optimistic over the predictions in wheat. Deliveries on September com Tuesday were 910,000 bushels. September oats was weak on the liquidation Tuesday, but other months retained strength on the strong cash demand in that grain.

Chicago Grain Range —Sept 23 — WHEAT— .. „„ Prev. High. Low. 11:00. close. Sept 48% .47 5 /* .47% .47% Dec 49 .48% 48% .48% Mar 51% .51% .51% .51 May ..j 53% .52% .52% .52% CORN— Sept 39% 38% .38% .39% Dec 37% .36% .36% .36% Mar 39% .38% .38% .38% May .41% 40% .40% 40% OATS— Sept .21% Dec 23% 23 .23 .22% May 25% 25% .25% .25% RYE— Sept ........ •—• -37 Dec 38% .38 .38 .38Vs May 41% .40% 40% .40% LARD— Sept 6.87 6.80 6 87 7.00 Oct 6.82 6.72 6.72 6.85 Dec 5.95 By Times Special CHICAGO. Sept. 23.—Carlots: Wheat, 46: corn. 88: oats, 41; rye. 2. and barley, 13. WARNS ON COMMUNISM Welfare Chief Tells Ministers of Spread of Negro Race. Pointing out that 65 per cent of the Communistic following in the United States is estimated to be Negroes, Prank M. Beckwith, Negro, director of the bureau of Negro welfare of the state industrial board, told those attending the sixth annual conference of city pastors and social workers of the Methodist Episcopal church, Tuesday afternoon, that they must take steps to reduce this figure. “If the Negro is to survive and to earn respect he must be taught to adjust himself to our economic changes, by the church, and he must be taught, if he is to survive, loyalty, mental alertness, tolerance and dependability,” Beckwith said.

AMUSEMENTS HENRI BIAGINNI ORCHESTRA INDIANA ROOF BALLROOM

SEGER ELLIS 1 iVI KELLER SISTERS H and LYNCH NELLIE ARNAVT ■ [Lm and BROTHERS B I Edmund LOWE In “THE SPIDER’ * With El Brendel

The City in Brief

Senator Arthur R. Robinson will talk on “The Oriental Situation” at noon Friday at a luncheon of the Electric League of Indianapolis in the Columbia Club. The Vonnegut Hardware Company will open its third branch store on Sept. 30 at 2125 West Washington street. A. H. Blank will be store manager. Frank E. Schoonover, for many years one of the foremost American illustrators, is conducting classes for two weeks at the John Herron Art Institute. City hospital physicians today noted slight improvement in the condition of Mrs. Rachel Adler, 56, and Mrs. Anna Spolsky, 67, who were beaten by Max Adler, 29, of 21 Whittier place, in their home Sunday night, while Adler was in a drunken frenzy. J. E. Alexander, divisional manager of the Maytag Company, will address the Advertising Club Thursday noon at the Columbia Club on “Maytag’s Method of Advertising.” He is in charge of the Indiana, Michigan and Ohio territories for the company. Monthly golf tournament of the Optimist Club will be held at 1 Thursday afternoon at the Speedway course. District meeting of the Women’s Home Missionary Society of the Methodist Episcopal church opened this morning at Heath Memorial church, Windsor street and Commerce avenue, with Mrs. John Davy presiding. Election of a president to serve for the remainder of the year will be the chief business before the Young Lawyers’ Association meeting at noon Thursday at Ye Olde Boarding House, 32 North Pennsylvania street. ' Speaking at the Indianapolis Gospel tabernacle, North and Alabama streets, tonight, the Rev. Watson Argue, Canadian evangelist, will have as his topic “How Peter Caught Fish.” • CONFER ON STATE LEVY Cut Under 1931 Rate of 29 Cents Seen as Unlikely. Possibility of the 1932 state tax rate being less than the 29-cent levy now in effect was dim this afternoon as state tax commissioners prepared to name the assessment for the coming year. James Showalter, chairman of the tax board, stated that Indiana governmental expenditures have been kept at a minimum and he did not believe any reduction in the rate was possible. The commissioners were to set the rate after a final conference with Governor Harry G. Leslie and Floyd Williamson, state auditor. WHY, THE DIRTY SKUNK! Meets Auto Downtown Near Stitehouse; Vicinity in Distress. A polecat wandered downtown today and in front of the Capitol avenue entrance to the statehouse met an end under an auto’s wheels that distressed persons in the vicinity for some time. A complaint finally brought employes of the city sanitary board to the scene, to remove the skunk’s carcass to the sewage reduction plant.

AMUSEMENTS ■ lUI I IvU Tonlte. BOC, 75c, $1 -liuLlon Mats 2s y d ß r s Gala Farewell Week! Closing; Saturday Nite! Speeches, Tears, Cheers and Whoopee Galore 1 Seats Now! “TAKE MY ADVICE” with Donald Woods, Dick Elliott, B’reddle Sherman, Walter Davis, ete.

MOTION PICTURES .Jones NEXT SATURDAY &i E o B c^ | Hum’- *- J

XI4 MARX BROS ■ BUSOESS” What a Laugh! WhaU Thrill! HOWARD W I rHELNESSI LAST FLIGHT” ■Sir r** ww net IOIANA^^

.SEPT. 23,1931

BATTLES MONEY GIANTS TO SAVE BANKHELOVES Gianninl, of Huckster-to-Millions Fame, Fights Transamerica Move. By United Press SAN FRANCISCO, Sept. 23. Amadeo P. Giannini, who fought his way from a waterfront produce market to leadership in one of the nation’s greatest banks, plunged today into anew strugggle among financial giants by opposing the drastic reorganization of Transamerica Corporation. Openly breaking with the executives to whom he had passed control of the institutions, Giannini aligned himself with the great mass of Transamerica stockholders and promised a “lively personal interest” in the corporation’s future. Known at 61 as “the man who refused to become a millionaire,” Giannini gathered all the power at his command to fight the breaking up of the money giant he pulled from the ashes of the San Francisco fire in 1906. In a statement issued Tuesdav night, after directors in New York had voted to dispose of controlling interests in various banks, Giannini pleaded for “faith in Transamerica.” and then vigorously attacked the directors. Voted Into Retirement Giannini commented first on th fact that he, the founder and former president of Transamerica, had been voted into retirement as a director. “I presented my resignation as an officer and director of Transamerica companies last June while at Badgaste, in Austria, because I could not approve the policies, plans and procedure of my successor, Chairman Walker,” Giannani said. “The present plan, offered by Mr. Walker, primarily is objectionable in that it proposes to take out of the corporation the control of its principal and most valuable institutions and does not give the stockholders an opportunity to express themselves regarding the terms and time, of sale, merger, or other disposal, and no assurance is given that they will together remain in control of these institutions, as would be the case in the event of a free distribution, or that allowance will Be made for normal time value, earning capacity, good will and control value.” Sees Dreams Ruined Seeing Transamerica slipping from his grasp, and with his lifelong dreams of world financing, Gianni attacked Chairman Walker and charged that Walker, without his knowledge, voted Giannini proxies in favor of a plan which Giannini opposed. Giannini never cared for the untold wealth he could have had. Onco he gave $1,500,000 to the University of California for an agricultural research foundation. He gave away many sums to education and charity. But his bank always came first. It is the bank he is fighting for now. RAW SUGAR PRICES —Sent. 22 Hieh. Low. Close. March 5.23 5.00 5.09 July 5.45 5.11 5.24 September 5.53 5.34 5.34 December 4.98 4.75 4.75

You Are Invited To Inspect 1931 Model Home Now Open 3701 Forest Manor Ave. Follow arrows east on 38th St. Sponsored by Indianapolis Home Builders Association

MOTION PICTURES 1 nit ed Artists Picture !*iStarts Saturday CICH B. DiMIUE’S Sf MSATIOMAL DRAMA THE SQUAW MAM WARNER BAXTIB LUPEVELEZ MANOR BQARDMAN CHARLES BICKFORD " A Pulsating Drama of Passion’s Conquering Surge! Metro-Goldwyn-Mayer Picture