Indianapolis Times, Volume 43, Number 122, Indianapolis, Marion County, 30 September 1931 — Page 12

PAGE 12

PORKER PRICES UNCHANGED IN QUIET TRADING Cattle Steady to Higher; Veals Up 50 Cents at $lO Down.

Hog price* held unchanged this morning at the city stockyards, the bulk, 160-300 lbs., selling for $5.15 to $5.50. A few small lots made the market at $5.55 to $5.60. Receipts were estimated at 6,000; holdovers were 223. Little change was noted in slaughter class cattle, trade remaining at Tuesday’s levels. Receipts were 700. Vcalers sold up 50 cents at $lO down. Calf receipts numbered 400. Lambs were around 25 cents down, the bulk selling at $6.50 to $7.50. Early top this morning was $7.75. Receipts were 2,500. Chicago hog receipts were 22,000, Including 4,000 direct. The opening was fully steady with Tuesday’s average; $5.45 paid for choice 220 to 250-pound weights. Cattle receipts were 10,000, calves 2,500; market steady. Sheep receipts 28,000, market steady to lower. HOGS Sept. Bulk Early Top Receipts 23. $5 50® 5.70 $5.70 4,500 24. 5 .Jo© 5.50 5.50 6,500 25. 5.25® 6.40 5 50 7,500 26. 5.40© 5.60 5.60 2,500 28. 5.40<3! 5.60 5.60 7.000 29 5.15® 5 50 5.60 3.000 30. 5.15® 5.50 5.60 6,000 Receipts, 6,000; market, steady. —Lignt Lights—-(l4o-160) Good and choice....s 4.7® 4.90 —Light Weights—-(l6o-180) Good and choice..., 5.15 (180-200) Good and choice 5.25 —Medium Weights—-(2oo-220) Medium and good., 5.40 1200-250) Good and choice... 5.40® 5.60 —Heavy Weights—-(2so-260) Good and choice..., 5.40® 5.50 (290-350) Medium and g00d... 5.00© 5.40 —Packing Sows — (275-5001 Medium ana g00d... 3.50® 4.50 (100-130) Slaughter pigs 4.25© 4.50 CATTLE (Slaughter Class) Receipts, 70(1; market, steady, —Steers— Good and choice $ 7.50© 9.75 Common and medium 4.00© 7.50 (1,100-1,500) Good and choice 7.25© 9.75 Common and medium 5.00© 7.25 —Heifers—-(soo-850) Good and choice 7.00© 9-50 Common and medium 3.50© 7.00 —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.. 2.00© 3.50 CALVES AND VEALERS Receipts, 100; market, higher. —Vealers — Good and choice $ 9.50©10.00 Medium 7.50(n 9.50 Cull aryl commons 5.50© 7.50 —Calves — Good and choice 5.50© 7.50 Common and medium 3.00© 5.50 STOCKERS AND FEEDER STEERS Good and choice 5.00© 6.75 Common and medium 5.00 1800-1,500) Good and choice 5.00® 6.75 Common and medium 3.00© 5.00 SHEEP AND LAMBS Receipts, 2,500; market, lower. Good and choice $ 6.50© 7.75 Common and medium 3.50© 6.50 Ewes, medium and choice 1.25® 2.25 Cull and common 50© 1.25 Other Livestock By United Press CHICAGO. Sept. 30.—Hogs—Receipts, 22,000, including 4,000 direct; active, steady to 10c higher; 200-280-lb. averages at $5.35®5.50; top, $5.55; 140-190-lb. weights, $4.60©5.25; pigs, $4.25©)4.60; packing sows, $4.10©4.85; light lights 140160 lbs., good and choice, $4.60©5; lightweights, 160-200 lbs., good and choice. $4.75©5.50; medium weights, 200-250 lbs., good and choice, $5,354(5.55; heavyweights, 250-350 lbs., good and choice. $4.75©5.55; packing sows, 275-500 lbs., medium and good, $4,104(4.85; slaughter pigs, 100-130 lbs., good and choice, $4,154/4.65. Cattle —Receipts, 10,000; calves, 2,500; fed steers and light yearlings fully steady; long yearlings slow: better grades predominating in run: top $10.25, paid for 1,325-lb. averages; best yearlings, $10; common and medium killing steers and Stockers and feeders steady to strong; she stock strong to 25c higher; bulls Arm; vealers 254; 50c down: slaughter cattle and vealers: Steers, 600-900 lbs., gobd and choice, $84ii0.25; 900-1,100 lbs., good and choice, $7.75©10; 1 100-1.300 lbs., good and choice, $7.50© 10.15; 1,300-1,500 lbs., good and choice, $7 75® 10.25; 600-1,300 lbs., common and medium, $4©7.75; heifers. 550-850 lbs., good and choice, $t®9.75; common and medium. $34/7; cows, good and choice, $4.25©6: common and medium. [email protected]; low cutter and cutter. $2©3.25; bulls <yearlings excluded), good and choice (beef). $4.50©5.50; cutter to medium, $3.50©4.75; vealers (milk fed), good and choice, $7.50© 9; medium, $6,504/7.50; cull and common, $4.50®6.50; Stocker and feeder cattle: Steers. 500-1,050 lbs., good and choice. - $54( 6.75; common and medium. $3.25©5. Sheep—Receipts. 28.000: steady to unevenly higher; Rood and choice native lambs at [email protected]; some held higher; medium Montanas, $5.3540 5.50 to killers; fat ewes, $1 ©2.25’ slaughter sheep and lambs: Lambs. 90 lbs. down good and choice. $6,254(7.50; medium, ss® 6 25; all weights, common, $3,754(5: ewes 90-150 lbs., medium to choice, $1©2.50; all weights, cull and common, 50c(3 $1.50; feeding lambs, 50-75 lbs., good and choice, $4?75®5.60.

By United Press CINCINNATI, 0., Sept. 30.—Hogs—Receipts, 2,500; held over, 100; uneven; weights 190 lbs. up. steady to 10c higher; advanc# largely on 227 lbs.; lighter weights, steady to 25c lower; better grade, 190-270 lbs.. $5.65© 5.75, mostly $5.75 on good to choice 220 lbs. up; 160-180 lbs., ss© 5.25; 130-150 lbs., $4.50© 4.75; sows, steady; bulk $3.75©4 25; smooth lightweights. $4.50. Cattle—Receipts, 525; calves, receipts, 225; generally steady, common and medium steers and heifers, s4(ii 6.25; more desirable grassers, $6.50(.r 7 25; odd lots good to choice led yearlings. $8.50(d9.25; beel cows, $3.50©4.50: low cutters and cutters, strong, $2r3.25 bulls, $4.50 down; vealers steady to 50c lower: good and choice. s9© 10; selected choice lots. $10.50; lower grades slow, $8.50 down Sheep—Receipts— 1,800; steady; better grade ewe and wethers lambs, $7 to mostly $7.50: a few choice lots. $8: common throwouts, $4/4.50 mixed lots and buck lambs, [email protected]; fat ewes, $l5O down ward. By United Press EAST BUFFALO. Sept. 30.—Hogs—On sale 2.725; active to all interests; steady with Monday’s average and slightly over Tuesday; bulk desirable 180-190 lbs., $5.80(o 5.85; few, $5.90; 205-240 lbs , $6; 160170 lbs.. $5 60© 5.75; weights below 150 lbs.. $5.25(0 5.50. Cattle—Receipts. 325; cows predominating: active; steady to 25c higher: cutter grade. s2© 3.25; grass seers, unsold; calves, receipts. 175; vealers, rather slow; barely steady; good to choice, sllO/11.50; common and medium. s7.ao© 9.50. Sheep—Receipts. 1.600; medium and better grade lambs active: others rather draggv; general trade.' steady; good to choice $7.75 to mostly $8: medium kinds and fat bucks. $7; strongweight throwouts, $6; inferior lots, $5.50 and down. By United Press TOLEDO. Sept. 30.—Hogs—Receipts. 350; market steady to 15c higher; heavies. $4 75*15; mediums. $5.25(<i 5.50, Yorkers, $4.50(d 4.75: pigs. $4.50/(i 4.75 Cattle—Receipts. 400: market, slow. Calves Receipts. light; market steady to lower; top sll. Sheep—Receipts, light; market 50c higher.

Itu United Press EAST ST. LOIUS, 111.. B*pt. 39.—Hogs —Receipts 12.000; market, uneven. 10$i35c lower- light lights oil most; practical top. S5 35 ' small lots. $5.40; most 170-215 lbs.. $5 20(ii 5.35; 100-170 lbs . 4.7®5.15: packine sows largely *3.65fti'4.65. Cattle—Recefpts° 5.000: calves, receipts 2.000: market native steers slow: a few early deals steers steady at S6.so(<t 8.50; western steers steady- range. *4.254,5 35; fat mixed venrlings and hellers strong: cows steadybulls 15928 c higher; vealers 25c higher fat mixed yearlings and neixers, aj-Duwt 10- cows *3 35 #4.25: low cutters. *1.504i2; top medium bulls *3.85: Rood and choice vealers $9.75. Sheep—K-eceipts, *,OOO, market st-eadv; few cnolce lambs to city snjssn '®g-£Sbg •“ weights, cull and common. 50c^5125. By Times Special LOUISVILLE. Sept. 29 Hogs— Receipts. 700: butcher class 10c lower; others steady; 175.240 lbs *5-35; 240-300 lbs.. *4.95; 300 lbs ip. *3 *ls; 130-175 lbs.. *4.65; 130 lbs. down *4 85: packing sows *2.35fe3 15; ..... i| down. Cattle— Receipts. 200: *teadv- stear quality plain, mostly *6 and good haliers. *SJo ,v 1 6.50* under grade killers, both _ classes downward to *3- veal" ct*ariv* bent veal#l. SS-50* medium \eaiers *s'’M- culls; *4.50 down Bheep and ?ambs—Receipt ß - 350: steady-: best fat lambs *6 50 bucks. *5.50; throwouts. *2.50 fri 7 50" fat ewes, *2 down: stock ewes downward from *7 per head. Monday s shipments: Cattle. 305; calves. 451; hogs. *joat; sheep. 501.

New York Stocks ' " (Bv Thomson & McKinnon)

—Sept. 30 — Prev. High. Low. 11:00. close I Atchison 112’a 110 H 112 110 Va All Coast Line.. .. ... 65% 86 | Balt & Ohio ... 36% 32% 35% 33% Chesa St 0hi0... 29% 28% 28% 28 Chesa Cotp .... 23 22 22'a 21'a ! Chi Ort West... 4% 4% 4© 4% I Chi N Wcat 16% 16% 16% 15'. I C R I & P 28'a 29 Del L St W 38% 34 I Del St Hudson.. 100% 100 100 98% ! Erie 12% 13 ' Erie Ist pid 17 Great Northern. 28 26*. 28 28 Illinois Central 29 Kan City 8c ... 12 Lou St Nash ... 47 M K St T B'a 8% 8% 8 Mo Pacific 14Va 13% 14% IS I . Mo Paclflc pfd.. 32 30% 32 30 1 . N V Central .... 65 62',a 63% 61% Nickel Plate 15% 15% NY NH St H .... 41% 40 41% 38'a Nor Pacific 27*. 26% 26*. 26% Norfolf St West. 130'*, 129 129 130*. O St W 9% 9 9 8% Pennsylvania .. 34% 32V. 34 32'. Reading 56 So Paclflc 53 55 Vi 57 55 % Southern Rv... 19% 18*4 18% 18 St Paul 33 St Paul Dfd .. 5*4 5% St L & S F lO 1 * 10 Union Paclflc .116*4 114*4 116*. a U4i Wabash 7'4 7 W Maryland.. . B*4 7*4 B*. B*4 West Paclflc 4*.a Equipments— Am Car St Fdv. 10*4 - 10 10 10'4 Am Locomotive.. .. ... 11 11 Am Steel Fd 8% 9 4 Am Air Brake S 23 23 Gen Am Tank . 45% 45 45 46 General Elec ... 29% 28Va 28% ... Cen Rv Signal ... ... 29 Lima Loco 15% 15*4 15% 15 7 N Y Air Brake 74 Pullman 23% 22 23% 25 Westingh Ar 8.. 18 17*4 17*,. 17*. Wcstlngh Elec... 45% 43% 44 44 Rubber.— Firestone 15 Goodrich 6 7 4 6va Goodyear 24% 23% 24*4 24 Kelly Sprgfld 1% 1 1 1% Lee Rubber 2*. U S Rubber 7 B*4 7 7*4 Motors— Auburn 107 95% 98 97 Chrysler 12% 12 12*4 12% Gardner */a Graham Paige 2 2 General Motors 24*4 23% 23% 24*4 Hudson B’a 8% 8% 8% Hupp 4*4 4%" Mack 19 18% 19 18% Marmon ... ... 1% Nash 17 16 Vs 16*4 17*4 Packard 5 4 7 4 5 5 Pierce-Arrow 6 Reo 4 3*4 3*4 4*4 Studebaker 10 9*. 9% 10% Yellow Truck .. 5 4% 4% 4% Motor Access— Am Bosch .., 6 Bendix Avlatfon 16’/ 14 14% 15 Borg Warner 12 12'4 Briggs 9*4 9 9*4 9‘4 Biidd Wheel ... 5*4 4 7 4 5 4% Campbell Wv ... 8 7*4 8 Eaton 8 V 7 7 4 B*4 8 El Storage 8.... 33*4 33 33 33*4 Haves Body 1% 1% 1% I*4 Houda 4 4 Motor Wheel 6% 6% Sparks W 5 * 4% 4% 5 Stewart Warner 6*4 6 6 6'4 Tlmkin Roll ... 24% 24'4 24% 25 Mining— Am Metals 7 Am Smelt ... . 24% 23% 24% 24*4 Am Zinc 3*4 3'4 Anaconda Cop.. 15*4 15'4 15% 15% Cal & Hecla 4*4 4*4 Cal & Arlz 24*4 24 24 24% Cerro de Pasco.. 16 15 16 14% Dome Mines .... 8 7% 7% ... Freeport Texas.. 18'4 17% 18 48 Granby Corp ... 8 7% 7% B'4 Great Nor Ore.. 14% 14',a- 14% 14% Howe Sound 16% Int Nickel 8% 8% B*4 B*4 Inspiration 4*4 4f 4 4*4 Kennecott Cop.. 12'4 12 12*4 12% Magma Cop., 8 B*4 Miami Copper .. 3% 2% 2% ... Nev Cons 6'4 5% 5% 6 Texas Gul Sul. 24'4 24 24% 24*4 U S Smelt 16% 15% 15% 16*4 Oils— Amerada 14*4 14*4 Am Republic 3*4 3% Atl Refining.... 11*4 11% 11%' 11% Barnsdall 5% 5*4 5% 5 7 4 Houston 5% 5 % Indian Refining .. • ... 2% 2*4 Ohio Oil 7*4 '7 7'4 7*4 Mex Sbd 8 7 7 4 8 7*4 Mid Conti 6 6 Pan-Amer B 25 Phillips 5*4 s'/. 5*4 5*4 Pr Oil & Gas 7*4 7% Pure Oil 6 5% 6 6 Roval Dutch... 17% 17% 17*4 18*4 Shell Un 4 4 Simms Pt 5*4 Sinclair 6*4 Sellv 3% 3 7 k Standard of Cal 31*4 30*4 31*4 30% Standard of N J 30% 30% 30% 30% Soc Vac 14*4 f3% 14 14 Texas Cos 17*4 17*4 17*4 17% Union Oil .... 13 12% 13 13 Steels — Am Roll Mills.. 12 11% 12 11*4 Bethlehem 30 28'4 29*4 29% Byers AM 16*4 16 7 4 Colo Fuel 8!4 B*4 Cruc Steel 30*4 Inland 33% Ludlum 7 Midland B>4 B*4 Newton 4 Republic I & S. 6% 6% 6% 6% U S Steel 74*4 73*4 73*4 75*4 Vanadium 17*4 16% 17*4 17 Youngst S & W 14*4 14*4 Youngst S & T. .. ... 25 24% Tobaccos— Am To (Anew). 85 84'4 85 85 Am To (B new). 88'4 86 88 87 Lig & Myers 8.. 51*/ 50*4 50% 51 Lorillard 12 11% 12 12 Reynolds Tob .. 40% 39 40% 39 *4 Std Com Tob .' ... 2 Tob Pr (A) 7% 7% 7% 7*4 Tob Pr (B) 2 Utilities— Abitibi 2% ... Aams Exp .....* B’4 8% 3% 8% Am For Pwr 14% 13% 14 13% Am Pwr & LI 20*4 19 20% 19 A T & T 135 132% 134 134 Col Gas & E 1.... 19% 19% 19 19 Com & Sou 5’4 5 5 5*4 El Pwr & LI 22% 21% 22% 22 Gen Gas (A).... 32% 33 Inti T & T 17% 16'a 16'4 16% Natl Pwr & Li.. 16 15% 15% 15% No Amer Cos 39% 39% 39% 38% Pac Gas & E 1... 33% 32% 33% 33% Pub Serv J 59% 57% 58% 58 So Cal Edison.. 33 32% 33 33 Std G & El 38% 37 38 38*4 United Corp 13% 13*4 13*4 13*4 Ut Pwr & L A.. 11% 11 11*4 11*4 West Union 94 92 92 92% Shipping— Am Inti Corp 6% 6% N Y Ship 4 4% United Fruit 34*4 38 Foods— Am Sugar 40% 40% 40'% 40*4 Armour A I*4 I*4 Cal Pkg 15*4%> 15 Can Drv 17% 17 17*4 17*4 Childs Cos 10% 11*4 Coca Cola 105% 103 103 100 *4 Cont Baking A 6 Corn Prod 43 41*4 43 41% Crm Wheat 21 Cudahy Pkg 6 Cuban Am Sug 2% 2*4 Gen Foods 37% 36% 36*4 37*4 Grand Union.. 10% 10*4 10% 10*4 Hershev 76 75% 76 75 Jewel Tea 30 30 Kroger 20% 19% 19% 2014 Nat Biscuit 43 41*4 42 41*4 Pillsburv 23% 23'4 Purity Bak 14% 14% Safeway St 49*4 48 49 % 49% Std Brands 15 14% 14% 14% Drugs Coty Inc 4*/* 4 4 3% Lambert Cos ... 53 50% 51 52 Lehn & Fink ... ... 22 Industrials— Am Radiator.. 7 7 4 7% 7% 7*4 Bush Term 16% Certainteed 3 Gen Asphalt ... 10*4 9% 9% 9% Lehigh Port 8 Otis Elev ... 22 21% 22 24 Indus Chems— Allied Chem .... 86% 83% 83% 84% Com Solv 11% 10*4 10*4 10% Union Carb 34% 33% 33% 33% U S Ind Alco .. 27 25% 25% 25% Purity Bak 14% 14% Retail Stores— Assoc Drv Gds 12% Gimbel Bros 3% 3% Kresge S S 21% 20 20 19% Mav D Store... 26% 26 26 26% Mont Ward 11% 11 11% 11% Penny J C 34% 34*4 34% 34% Schulte Ret St 4 4 Sears Roe 37% 37 37% 38% Woolworth 52 505* 50% 51% Amusements— Bruns Balke 4% Cal Granh 4 4 Croslev Radio 3% 3% Eastman Kod ..100 98% 100 99% Fox Film A 8% 8% 8% 8% Grigsby Gru 2 Loews Inc 36% 35% 35% 35% Param Fam .... 13 12% 12% 12% Radio Coro 13% 13% 13% 13% R-K-O 8% 8% 8% 8% Schubert 1% 1%

STKKEfti MA KEPT A LION. Can you rearrange the letters in die above sentence to form one word? Answer for Yesterday 25 The farmer found the mid-point of each side of his held and connected the mid-points with straight fences. The center plot of land, which he reserved, contains one-half of the area of the field nd its opposite sides am parallel

Warner Bros 6% 6% 6% 6% Miscellaneous— City Ice & Fu 29% 29% Congoleum 10% 10% Am Can 78*4 76*' 77% 76% Cont Can 36% 36 36 % 36% Curtiss Wr 2 1% 1% 2 Gillette 8 R 12% li 7 . 11% *2% Real Silk 4% 4% Un Arcft 17 15% 15% 15% Int Harv , 26% 26 26% 26% J I Case 40% 38*4 39 39

Bright Spots of Business

By United Press NEW YORK, Sept. 29.—Directors of the American Can Company today declared the regular extra dividend of $1 in addition to the regular quarterly dividend of $1 on the common stock. The extra payment has been made regularly in recent years. WILMINGTON. Del—Engineers Public Service Company, and subsidiaries reported for the year ended Aug. 31 net revenues. after taxes. of $22,591,021. against $22,495,205 in the preceding year. SAN FRANCISCO American States Water Service Company lot California reported that current operations indicate sales and earnings for 1931 wiU exceed those of 1930. SAN FRANCISCO —Bureau of Mines reported gold mining Industry carried into 1931 the increase in activity that it showed in 1929 and 1930. NEW YORK—Allied Chemical and Dve Corporation, declared the regular quarterly dividend of $1.50 on the common stock.

Net Changes

By United Press NEW YORK. Sept. 29.—Closing prices and net changes on principal stocks on the New York Stock Exchange: Off American Can 76*4 1% Amn Smelting 24'4 1 Atchison 110*4 % Auburn .. 97 li*4 Bethlehem Steel 29% % Case 38 7 4 4% Chrysler . 12% 1% Consolidated Gas 69% 2% Dupont 60% 3% Electric Power 22 1 7 4 General Elec 28% 2*4 General Motors 24% 2% International Nickel 8% % International Telephone 16% % Loews Inc 35 "4 1% Montgomery Ward 11*4 *4 New York Central 61 1 North Amn 38% 3*4 Public Svc 58 3 Radio 13% % Sears Roebuck 38*4 2 Standard Gas 33% 1% Standard Oil N J 30% % Texas Corporation 17% 7 4 Union Carbide 33% 1% United Corporation 13*4 ’/* U S Steel 72% 3% Vanadium 17 %* Westinghouse Elec 44 2% Woolworth 51% 2*4 New York Liberty Bonds 3*4s 101.13 Ist 4% s 102 4th 4*4s 102.23 Treasury 4%s 108.28 Treasury 4s 104.18 Treasury 3*4s 103.4 Treasury 3*4s of ’47 100.2 Treasury 3%s of ’43 (March) 99.39 Produce Markets Eggs (country run)—Loss oft delivered In Indianapolis. 17c; henerv aualitv 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*4 lbs. and up. 17c. bareback, 12c: Leghorn broilers. 15c: spring chic Kens. 4 lbs. and over. 17c: under 4 lbs.. 17c: old cocks. B®9c: ducks, full feathered, yc; 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 York limberger. 30c. By United Press NEW YORK. Sept. 30—Potatoes—Market stronger; Long Island, [email protected] bbl.; New Jersey, [email protected] basket; Maine, $1.70® 1.80 "bbl. Sweet Potatoes—Market, firmer; Jersey baskets, 50c©51.15; Southern baskets, 50@90c; Southern barrels. sl.2s(rT 2. Flour—Market quiet and steadier; spring patents, $4.15©4.40. Pork —Market, easier. Mess —$20.50. Lard— Market, firmer; middle west spot. .072© .073 c. Tallow—Market, firm; special to extra .02 5 [email protected] 7 4c. Dressed Poultry—Market dull: turkeys 25®40c; chickens. 18@ 35c; broilers. 20©33c; fowls, 12©27c; ducks Long Island, 16@18c. Live Poultry—Market, easy, geese, 13@14c: ducks, 13@20c; fowls 15@25c; roosters, 12@13c; ehickens, 12@25c. Cheese —Market, dulley state whole milk fancy to special, 15*4@23*4c; Young Americas, 16*4©17c. By United Press CHICAGO. §ept. 30. —Eggs—Market, stgjdv; receipts 6,520 cases; extra firsts, 23(</'23>4c; firsts 22%c; current receipts, 17®20 Vic; seconds. 12@17c. " Butter—Market. steady; receipts 6,354 tubs; extras, 32%c; extra firsts, 30@31%c; firsts, 26*4© 28c; seconds. 24%@25%c; standards, 31%c. Poultry—Market about steady; receipts. 2 cars; none due; fowls, 21c; springers, 15c; Leghorns, 13c; ducks, 14®17c; geese, 12c; turkeys 17© 20c; roosters, 13c; broilers, 2 lbs., 15c; broilers under 2 lbs., 15c; Leghorn broilers, 14c. Cheese—Twins, 15% ©ls*4c; Young Americas, 15*4®16c. Potatoes- —On track 205; arrivals, 65; shipments 924; market dull; Wisconsin Cobblers, 85c©90c: Idaho Russets No. 1, $1.45©1.60; No. 2. [email protected]; Minnesota Red River Ohios, 85c©$l. By United Press CINCINNATI. 0., Sept. 30—Butter, steady; creamery in tub lots according to score 28©30c: common score discounted, 2@3c: packing stock No. 1. 2lc; No. 2,18 c; No. 3,12 c: butter fat, 27©29c. Eggs— Steady; cases included; extra firsts, 25c; firsts, 23c; seconds, 18c; nearby ungraded, 23c. Live Poultry—Thin and coarse stock sell only at heavy discount; fowls 5 lbs. and over 23c; 4 lbs. and over, 20c; 3 lbs. and over, 18c; Leghorns 3 lbs. and over, 16c: roosters, 11c; broilers colored 1 lb. and over, 23c; I*4 lbs. and over, 20c; 2 lbs. and over. 19c; fryers, 3 lbs. and over, 19c: partly feathered 12c; Leghorn broilers 1 lb. and over, 23c; I*4 lbs. and over, 18c; 2 lbs. and over, 16c; black springers, 13c; roasting chickens, 4 lbs. and over, 20c. By United Press CLEVELAND, Sept. 29.—Butter—Extras, 36c; standards, 35c; market, firm. Eggs —Extras, 26c; firsts, 21c; ordinary firsts, 16c; market .steady. Poultry—Heavy fowls 23c; medium, 17c; heavy broileri, 19®21c; Leghorn broilers, 15ffil8c; ducks, 12®l8c: old cocks, 12©14c: market, steady. Potatoes—Ohio Cobblers. 50®65c per bushel sack; Maine Cobblers. $1.15. Chicago Stocks Opening (By James T. Hamill <fe Cos.) —Sept. 30— Ass Tel Util... 17%'Lib McNeil Prod 7 7 4 Bendix Avia .. 15 iMHid United c 14 Borg Warner .. 12 ’Middle West .. 10 Cent So West. 9 Natl Sec com .. 1% Cord Corp s%iNatl Sec pfd .. 37 Cont Chi com.. 2 NAm P & L... 30% Cont Chi pfd.. 25 Natl Std 20*4 Com Edison ...153% Sbd Utilities .. 1% Chicago Sec... 6%:Swift & Cos 23% Grigsby Grunw 2 Swift Inti 30% Houd Hersh (A) 13%!U S Rad & Tel 13% Elec Hsehold .. B%;Utah Prod 2 Insull com 12%’Ut & Indus com 4 Insull pfd 43 Ut & Indu pfd. 13% Insull 6s ’40.... 59%!

Other Livestock By Onttcd*Pre.ss CLEVELAND, Sept. 29.—Hogs—Receipts, 1,900; holdover, none; steady to 10c lower; 160-300 lbs., mixtures. [email protected]; mostly weights over 200 lbs. at top; light lights and pigs._*s. Cattle —Receipts, 200; market. little change; scattered common steers *595.35: low cutters and cutter cows. *1.5093.50; sausage bulls, $3.504,4.75. Calves—Receipts. 700; market, better grade vealers steady at Monday’s advance; Tower grades predominating; weak to unevenly lower; good and choice kinds. *11.50#12; sparingly, $12.50; cull to medium, slow, $7 #lO. Sheep—Receipts. 18,000; lambs, active; strong to 25c higher to Monday’s opening; nearly good kinds. *7.50; fair snowing at *7.75: choice quoted $8 or above'; cull to medium throwouts, *4.50@6; cull and common ewes. $2 downward. By United Press PITTSBURGH. Sept. 30.—Hogs—Receipts. 2.300: market, steady to 20c lower: 170-260 lbs.. *5.659 5.80: 140-160 lbs., *5.35 @5.60; pigs. $5 downward; packing sows steady to 25c higher; better grade. *4@ 4.50. Cattle—Receipts. 25; market about steady: grass beef cows around *4. Calves Receipts. 175; market, slow: undertone steady to weak: choice vealers held toward *7. Sheep—Receipts. 1.800: lambs strong to 25c higher; top handyweights. *8; bulk beter grade, *7.75 downward: common and medium grades, *3.509-6. By United Press LAFAYETTE. Ind , Sept. 30.—Hogs— Steady: 225-250 lbs., *5.25; 250-275 lbs., *5.20; 275-300 lbs.. *5.10; 300-325 lbs.. *4.75; 200-225 lbs , *5.10: 180-200 lbs.. *4.95; 160180 lbs.. 44 85; 140-160 lbs.. *4.50; 120-140 lbs.. *4.25; 100-120 lbs., *4; roughs, *4 down; top calves, *9^top lambs, *5.50.

THE INDIANAPOLIS TIMES

STOCK SHARES HIGHER AFTER j EARLYDECLINE Rails Take Lead in Rally at Mid-Session; Steel Moves Up. Average Stock Prices Average of thirty industrials - for Tuesday 99.80, ofT 4.59. Average of twenty rails 53.59. ofT 1.29. Average of twenty utilities 59.76. off 1.75. Average of forty bonds 87.91. off .82. By United Press NEW YORK, Sept. 30.—Railroad shares led the stock market upward today after a series of confused movements in the early trading. At noon the entire list displayed gains that ranged to more than 3 points. Opening lower, the market met immediate support. A rally developed before the end of the first hour and a swift turnabout took place. Before 11 o’clock (New York time) the list had been lifted above the previous close. A crash from the highs followed and leading issues made new lows. After United States Steel had made anew low since 1921 at 71%, it rallied and the whole market moved up with it and the railroad shares, which were strong and fairly reached 74%. Around noon it was selling near 74, up 1%. Trade Is Heavy In the early excitement dealings were heavy and tickers ran behind the market. Volume shrank sharply in the early afternoon. As the list turned into the third hour, New York Central was at 64%, up 3% from the previous close; Atchison 114, up 3%; Delaware & Hudson 102%, up 3%; Nickel Plate 18, up 2Pennsylvania 34%, up 2%; Union Pacific 116%, up 2%; Baltimore & Ohio 36%, up 2%; Chesapeake & Ohio 29 up 1%, and Lackawanna 36, up 2. Buying in the carriers was hastened by reports eastern roads were coming closer to agreement on their four trunk merger plan and on anticipation of a favorable freight rate increase in the near future. Motors Shares Active Westinghouse Electric around noon was selling at 44%, ex-divi-dend, up 1%; American Can 78%, up 1%; Case 40%, up 1%; CocaCola 104, up 3%; Du Pont 62, up 1%; Allied Chemical 86, up 1%, and Auburn 101%, up 4%. Auburn was well below the 100 mark earlier in the day. General Motors led the market in activity again. It made anew record low for the present shares at 23%, off %, and later recovered nearly all the loss. Chrysler also had heavy turnover and moved over a range of about a point. American Telephone and Consolidated Gas featured the utilities, where prices generally moved narrowly. Telephone mace anew low for the bear market at 132% after touching 135. Around noon it was at 134%, up %, while Consolidated Gas sold at 70%, up 1%. Bank Clearings INDIANAPOLIS STATEMENT —Sept 30— Clearings $ 2,607,000.00 Debits 5,617,000.00 Clearings for month 63,042,000.00 Debits for month 141,162,000.00 TREASURY STATEMENT —Sept 30— Net balance for Sept.‘2B $609,979,990.63 Expenditures 11.314,822.71 Customs rect. mo. to date.. 33,349,385.73 CHICAGO STATEMENT —Sept 30 — Clearings $ 56,100,000.00 Balances 2,900,000.00 New York Curb Market (By Thomson & McKinnon) —Sept 30— 11:00 11:00 Alum Cos of Am 88% Int Super 13 Am Cynamid.. 4% Int Pete 8% Am Gas & Elec 39% Midwest Ut .... 10*4 Am Lt & Trac. 23% Mt Prod 2*4 Am Sup Pwr.. 5% Nat Investors .. 3 Ark Gas (A).. 2% Nat Pub Serv A 13 Ass Gas &El A 6 Newmont Min .. 15*4 Braz Pwr & Li B*4 Nia Hud Pwr .. 7% Can Marc 1% Niles 8 Cent Sts Elec.. 3*4 Penroad 4% Cities Serv .... 7 St Regis Paper 6% Cord 5*4 Salt Creek .... 4*4 Deere & C 0.... 11% Sel Indus I*4 Elec Bnd Sh.. 19*4 Shenandoah ... 1% Ford of Can ... 11 So Penn Oil .. 12% Ford of Eng ... 7 Std of Ind 19 Goldman Sachs 3 Trans Air Trans 4% Gulf OH 41% Un Gas 3% Hudson Bay .. 2% Un Lt <st Pwr... 11% Humble Oil ... 49% Ut & Indus 4 Imp Oil of Can 8% United Fndrs .. 2 Insull Ut 12% Investment Trust Shares (By Gibson & Bernard) PRICES ARE TO 12 NOON C. S. T. —Sept. 30— Bid. Ask. Am Founders Corp Com I*4 1% Am & Gen Sec A 6 Am Inv Tr Shares 3*4 3% Basic Industry Shares 3*4 4% Collateral Trustee Shares A.. 5 5% Diversified Trustee Shares A.. 9% ... Fixed Trust Oil Shares 2 7 4 ... Fixed Trust Shares A 9% ... Fundamental Trust Shares A 4*4 4% Fundamental Trust Shares B 4% 5% Leaders of Industry A 4% ... Low Priced Shares 4 4*4 Nation Wide Securities 4 4*4 National Industries Shares .. 3% 4*4 No American Trust Shares .. 3% 3% Selected American Shares .... 3*4 3% Selected Income Shares 4*4 4% Shawmut Bank Inv Trust .... 2 4 Std Am Trust Shares 4*4 4% Super Corp of Am Tr Shares 414 4% Trustee Std Oil A 4% ... Trustee Std Oil B 4*4 4% Unified Service Tr Shares A.. 3*4 3% U S Elec Light St Power A.. 22*4 24*4 Universal Trust Shares 3% 4 Cumulative Trust Shares .... 4*4 5 NEW YORK COFFEE RANGE —Sept. 29High. Low. Close. March 4.77 4.50 4.77 Mav 4.90 4.87 4.90 July 5.09 5.03 5.03 December M 4.60 4.44 4.54

Pilot Breaks Promise to Smash Up Plane; Irate Mob Does It for Him

By Scripps-Hotcard Xewspaper Alliance WASHINGTON, Sept. 30.—The funniest airplane accident report ever received by the commerce department's aeronautics branch just has come in. Every airplane accident, no matter how trivial, is required to be reported to the government. In the case in question, it seems that a young pilot down near Columbia, S. C., had an airplane and an idea. His plane was an ancient Standard J-l, nearly as old as the Carolina hills. His idea was to take the crate out and publicly and intentionally crash it—for a monetary consideration, of course. Well, they advertised the coming crash in a big way. They used it to draw a crowd to the flying field, just as other fields use parachute jumps. The idea was immensely successful. When “crash day” arrived, a huge mob of thrill-seekers was on the field. Farmers came from miles around.

Dow-Jones Summary

Phillips Jones Corporation declared the regular quarterly dividend of sl*s ferred stock, payable Nov. 2. of record Oct. 30. New York cables opened London at $.86: Paris, checks. 97.5; Amsterdam. 9.50. Italy. 79. and Berlin. 16.50. New York Central August net operating income $2,973,541. against *4-3®2,56r hi August. 1930. Eight months $22,463,816. against $41,024,175. Illinois Central system August net operating Income $1,422,062. against sl,495,377 in August. 1930. Eight months $5,931,447. against $12,838,028. Carloading in United States in week ended Sept. 19 totaled 742,628 cars, an increase of 74.878 cars over previous week, which included Labor day. but 209,933 cars below like 1930 week. Crude oil output in United States in week ended Sept. 26 averaged 2.193.350 barrels daily, against $2,201,600 in previous wek. Gasoline stocks declined 350.000 barrels during week to 30.773.000. Tooke Brothers, Ltd., omits dividend of $1.75 on preferred stock, due at this time. Western Pacific Railroad Company August net operating income $178,701. against net operating income of $367,144 in August. 1930. Eight months’ operating deficit $33,032, against net operating income $30,957 in like 1930 period. Chicago scrap metal dealers have reduced prices *4 to % cent a pound on copper. brass, aluminum and pewter. No. 1 scrap copper now quoted 5*4 to 5% cents a pound. Wilcox Rich Corporation declared a dividend of 15 cents a share on class B stock, payable Oct. 31, of record Oct. 20. Three months ago dividend of 15 cents was paid on class B stock. In the Cotton Markets (By Thomson & McKinnon) NEW YORK, Sept. 29.—Although foreign cotton markets were somewhat demoralized this morning New York was only off about 8 points. Trade buying orders offered stout resistance to southern selling. There are still perfect weather conditions for gathering the crop. The weekly trade review told about the same story it has told for a month or more. There is nothing exciting in the trade. Investors are patiently waiting for more of the crop to be sold before taking more than a small interest. On the other hand, we think the mills have begun already to average their prices. We think it a wise policy. There is notohing exciting in the cotton market. It is an unusually orderly market. Steady distribution of the crop. We think better prices are coming, but lean a little to the opinion, as good as it is, an even better buying basis will come. NEW ORLEANS —Sept. 29 — High. Low. Close. January 6.21 6.16 6.16 March 6 39 6.33 6.35 Mav 6.60 6.51 6.51 July 6.76 6.70 6.70 October 5.90 5.87 5.88 December 6.12 6.05 6.05 NEW YORK High. Low. Close. January 6.24 6.15 6.18 March 6.42 6.34 6.34 May 6.60 6.52 6.52 July 6.77 6.70 6.71 October 5.93 5.85 5.86 December 6.12 6.06 6.07 CHICAGO High. Low. Close. January 6.26 March 6.49 6.45 6.45 May 6.68 6.65 6.65 July 6.85 6.81 6.81 October 6.06 6.01 6.06 December 6.22 6.16 6.17 New York Bank Stocks (Bv Thomson & McKinnon) —Sept. 29 Bid. Ask. America 33 35 Bankers 63 65 Brooklyn Trust 252 262 Gentral Hanover 145 149 Chase National 40 42 Chatham Phoenix Natl .... 35 37 Chemical 35 37 Citv National 50Va 52*/2 Corn Exchange 75*/2 76*/a Commercial 180 190 Empire 29% 31% First 'National 2.475 2.575 Guaranty 300 305 Irving 20% 21% Manhatten & Cos 40% 42% Manufacturers 34% 36 Va gsae To ?.™::::::::: 8% % GRANT NEW TRIAL IN LATTA DEATH CASE Rehearing Scheduled on Fiancee’s $20,000 Insurance Verdict. By United Press DANVILLE, Ind., Sept. 30.—A new trial in the case of the Employers Liability Assurance Company against Miss Margaret Sanders, Ft. Wayne, was granted today by Judge Z. E. Dougan. No date for the trial was set because counsel from Indianapolis was not present when Judge Dougan’s decision was handed down. The court said, however, that it would agree to a date during the November term. In the first trial, held in Hendricks circuit court, a jury awarded Miss Sanders full payment of a $20,000 insurance policy made in her favor by William H. Latta, her fiance. Latta, an Indianapolis corporation attorney, was killed in a crossing accident near Indianapolis in 1929. The assurance company protested payment on the grounds that Latta committed suicide. Denies Dry League in Difficulty By United Press COLUMBUS, 0., Sept. 30.—Vigorous denials that the Ohio AntiSaloon League faced financial difficulties, issued in answer to rumors that the organization’s publication, the American Issue, would be discontinued, were entered today by S. P. McNaugh, superintendent.

Then came the big moment. The young pilot (he had only twenty-five hours solo), took his antique flying machine into the air. He circled around awhile, then headed down for the field. The crowd fell silent, strained nervously toward the fence as the crash came nearer and nearer. And then, as hundreds stood with bulging eyes, the plane glided in and made the most perfect three-point landing you ever saw. There was a moment of bewildered silence. Then the crowd broke loose. As one man it rushed angrily on to the field, leaped upon the plane, hammered and kicked it into a thousand pieces, stacked it up into a big pile and set fire to it. The pilot’s report to the commerce department read: “Plane completely destroyed by fire. Fortunately, pilot not injured.” He didn’t say whether he changed his mind about crashing at the last minute, or whether he ■was such a good pilot he just couldn’t make anything but a perfect landing.

FUTURES WEAK TO LOWER IN UNEVENACTION Prompt Movement of New Corn to Market Is Predicted. BY HAROLD E. RAINVILLE, United Press Staff Correspondent CHICAGO, Sept. 30.—An unsettled condition in the stock market was reflected on the Board of Trade today, where all grains opened unchanged to fractionally lower, with the exception of March corn, which was %c lower to %c higher. At the opening wheat was unchanged to %c lower; corn was %c lower to He higher, and oats were unchanged to %c down. Provisions showed firmness, being unchanged to 5 points higher. Offerings Not Large The wheat pit is inclined to regard the slight losses and the dullness with equanimity, believing the quiet period will shortly usher in a period of renewed activity. The stock market will act as a stabilizing influence, traders believe. The offerings of wheat are not large, but buyers will back away from them. Liverpool opened fractionally higher, but lost the early gains in the afternoon. Trade Is Optimistic Predictions in the corn pit were that there would be no difficulty in clearing the 888,000 bushels of grain which remains for the last day of September trading. Traders predict a prompt movement to market of the new crop and are optimistic over better times, in sympathy with the major grain. There has been some weakness in oats due to liquidation, but the sentiment mainly has followed the other grains. Traders still are watching the stock market and the other grains, and oats are expected to follow the action in the other pits. Chicago Grain Range —Sept. 30 — WHEAT— „„ Prev. Histh. Low. 11:00. close. Sept 45% .44% .44% .45% Dec 47% .46% .47 .47% Mar 50% .49 .49 .50% Mav 51% .51% 51% .51% CORN— Sept 37% .36 ,36 7 ,* .37% Dec 35% .35 .35% .35% Mar 37% .36% .37 .37% May 39% .38 7/ 8 .39% .39% OATS— Sept 20% Dec 21% .21% .21% .21% May WY.'.'.W .24% .24% Sept YE 7! 36% .36% Dec 37% .37% .37% .37% May 40% .40% .40% .40% LARD— Sept .••• 6.92 6.98 Oct 6.82 6.80 6.80 6.75 Dec ?. 5.87 5.85 5.87 5.82 By Times Special CHICAGO. Sept. 30.—Carlots: Wheat, 114; corn, 125; oats, 41; rye. 0, and barley. 10. By Times Special CHICAGO. Sept. 29.—Primary receipts: Wheat, 1,259,000, against 1,243,000; corn. 372,000. against 498,000; oats, 304.000, against 306,000. Shipments; Wheat, 947,000, against 1,939,000; corn, 135.000, against 233,000; oats, 67,000, against 299,000. By United Press CHICAGO. Sept. 29.—Cash grain close: Wheat —No. 2 red, 47%c; No. 3 red. 46c; No. .2 hard, 47%c: No. 1 northern. 52%c; No. 2 mixed. 47%c. Corn —No. 2 mixed, 39 %c; No. 1 yellow. 39%@39%c; No. 2 yellow, 39%@39 3 Ac: No. 3 yellow, 39@ 39%c: No. 4 yellow. 38%c; No. 5 yellow, 37*/2®38%c; No. 6 yellow. 37*/ 4 @3Bc; No. 2 white, 41%©41%c; No. 3 whiet, 40%c; sample grade. 35c. Oats —No. 2 white, 22 ©22%c: No. 2 old white. 26c: No. 3 white, 20%@21%c; No. 4 white, 20%c. Rye—No sales. Barley—39@62c. Timothy—s3.2s@ 3.50. C10ver—510.75©14.25. By United Press TOLEDO. 0., Sept. 29.—Close; Elevator prices: Wheat—No. 2 red, 51®52c. Corn —No. 2 vellow. 44®45c. Oats No. 2 white. 25%®26%c: old oats premium. 3® 4c. Rye—No. 2,45 c. Grain on track — 28%c fate. Wheat —No. 2 red, 45%®26c; No. 1 red. lc premium. Corn —No. 2 yellow. 39@40c; No. 3 vellow. 37@39c. Oats— No. 2 white, 22%®24c; No. 3 white. 20%@ 22%c: old oats premium, 3©4c. Clover —• Prime, $7.50; October. $7.50; December, $7.75; February, SB. Alsyke—Cash. $7.50; December, $7.75; February. SB. ButterFancy creamery, 34©35c? Eggs—Current receipts. 17®21c. Hay—Timothy per cwt., $1:00. Cash Grain —Sept. 29 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41 %c New York rate, were: „ ’ Wheat—Weak; No. 1 red, 39®40c; No. 2 red, 38@39c; No. 2 hard, 38®39c. Corn—Weak: No. 2 white. 34@36c: No. 3 white. 33© 34c; No. 2 yallow. 31*/a@32%c; No. 3 yellow. 30%@31%c; No. 2 mixed, 30*->@3l%c; No. 3 mixed 29%©30*/2C. Oats —Easy; No. 2 white. 17%@18%c; No. 3 white. 16*/4@l7*/4C. , x Hay—Steady (f. o. b. country points taking 23 %c or less rates to Cincinnati or Louisville); No. 1 timothy, [email protected]; No. 2 timothy, [email protected]. " —lnspections— Wheat—No. 2 red. 4 cars; No. 3 red, 1 car. Total, 5 cars. Corn (new) —No. 2 white. 1 car; No. 2 yellow. 10 cars; No. 3 yellow, 3 cars; No. 2 mixed, 1 car; No. 4 mixed. 1 car; No. 6 mixed, 1 car. Total. 17 cars. Oats—No. 2 white. 3 cars; No. 3 white, 6 cars. Total, 9 cars . Local Wagon Wheat City grain elevators are paying 35c for No. 2 red wheat and 34c for No. 2 hard wheat. RAW SUGAR PRICES —Sept. 29High. Low. Close. January 133 March 132 1.31 1.32 May 1.36 1.35 1.36 July 1-40 September 1.46 1.45 1.46 December 1.36 1.33 1.35 Former Official Dies By United Press ' BLUFFTON, Ind., Sept. 30.—William A. Krunkel, 63, prominent in Democratic politics here, died today as the result of an operation performed Sunday. He was a Wells county surveyor. - He leaves two sons, Kenneth and William Jr., and a daughter, Mrs. Harry Brown, all of Bluffton.

The City in Brief

THURSDAY EVENTS Advertising Club, luncheon. Columbia Club. Indianapoli* Engineering Society, luncheon. Board of Trade. American Business Club, luncheon. Columbia Club. Real Estate Board, luncheon, Washington. Sigma Nu. luncheon. Lincoln. Sirma Chi. luncheon. Board of Trade. Indiana Learue for the Hard of Hearing. 11 a. m.. Stokes building. Red Cross, conference, Columbia Club. A Butler freshman. Samuel K. Sims, 18-year-old student of Glenn Friermood, will represent Indianapolis in the state audition for young men to be held here Oct. 25. Sims was the winner of the local audition held Sunday afternoon in studios of WFBM. International credit will be discussed at a conference in Washington early this fail, William H. Flanders, of the local bureau of the National Retail Credit Association, said he was advised by headquarters today. Paul Stokes, director of research of the National Retail hardware association will address the Advertising Club Thursday noon at the Columbia Club on “The Need of the Hour.” Richard Lieber, director of the state department of conservation, will be the speaker at the weekly luncheon of the Caravan Club at Murat temple Thursday.

In the Air Weather conditions at 9 a. m.: South wind, 10 miles an hour; temperature. 58; barometric pressure, 30.44 at sea level; ceiling, hazy, unlimited; visibility, 5 miles; field good. Many to Greencastle Several Indianapolis aviators today flew to Greencastle to attend dedication of the new Greencastle municipal airport. Among those attending from Hoosier airport were Lewis A. Yancey, flying the Champion Spark Plug autogiro; Walker W. Winslow, in a Travel Air monoplane; Gordon Lackey, Travel Air biplane; P. B. Bliss, Curtiss Junior, and Ned Bottoms, Monocoupe. In addition, Charles E. Cox Jr., municipal airport superintendent, expected to fly to Greencastle in the city’s Fairchild monoplane. Arrivals and Departures Hoosier Airport—John E. English, Cleveland to Amarillo, Tex., Monocoupe; Bob Curry, from Seymour, Travel Air. Municipal Airport—Ernest Cutrell, department of commerce airways inspector, from St. Louis, Verville; C. V. Armstrong, Terre Haute to Philadelphia, Eaglet; Charles Vickery, Cincinnati to Chicago, Sikorsky; Captain Frank Hawks, Sunbury, Pa., to Dallas, Tex., Travel Mystery S; T. & W. A. passengers included L. C. Franklin, John L. Jones, O. R. Seagraves and John H. St<she, to St. Louis, and J. A Havens, to Columbus, O. Stout Field—Captain J. Reed, to Murphrysboro, Tenn., Curtiss 0-11. Announcer Takes to Air Bill Hay, radio announcer for Amos and Andy, who came to Indianapolis today to address the Indianapolis Kiwanis Club, was to be rushed to Chicago this afternoon in a Travel Air biplane by Harold C. Brooks, Hoosier airport, in order to be present for the Amos and Andy broadcast tonight. Poised for Pacific Hop By United Press SABISHIRO BEACH, Japan, Sept. 30— Clyde Pangborn and Hugh Herndon Jr. marked time at Sabishiro today waiting for threatening weather over the north Pacific to clear before taking off on their attempted nonstop flight to United States. Pangborn said they had no set destination in the United States, and that they plan to land only when their food supply is exhausted. Three extra gasoline tanks giving ninety gallons more capacity have been installed in the plane. Indianapolis Stocks —Sept. 30— Bid. Ask. American Cent Life Ins Op. .975 Belt R R & S Yds Cos com.. 29% 34 Belt RR & Yds Cos pfd .... 49% 55 Bobbs-Merrill Cos 9 Central Ind Power Cos pfd 75.. 62 71 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'/2 .. Indiana Hotel Cos Clavpool... .110 Ind Hotel Cos Dfd 6s 100 Indpls Gas com 6s 55 61 Indpls Pwr & Lt Cos pfd 5%5.. 94 100% Indpls Pub Wei Ln Assn cm 8s 50% ... Indpls St Railway 1% Indpls Water Cos pfd 5s 100 *Fub Servos Ind 93 Pub Servos Ind 6s 85 Metro Loan Cos 8s 100 No Ind Pub Serv Cos pfd 65.. .. 100 No Ind Pub Serv Cos pfd 5%5.. .. 90 No Indiana Pub Cos 7s HO Progress 18% ... E. Rauh & Sons Fert Cos pfd 6s 47 Shareholders Invest Cos 9 Ter Haute Tr & Li Cos pfd 6s Union Title Cos com 3s 10 Van Camp Prod Cos Ist pfd 93 Van Camp Prod Cos 2d Dfd Bs. .. 93 Backstav Welt Cos com 17 Ind Pipe Line Cos 10 11 Link Belt com 21 22 Lynch Glass Machine Cos com 12 13 Noblltt Sparks Industrials Inc 18 20 Perfect Circle Cos com 30 32 Real Silk Hosiery Mills. Inc.. 4% 5 Real Silk Hosiery Mills pfd.. 24 30 I6tandard Oil Cos (Indiana)... 18% 19 Ross Gear 18 20 Natl Title 3 3Vi J D Adams Manufacturing Cos. 14 15 •Ex-dividend. BONDS Bid. Ask. Belt R R & Stk Yds Cos 45.... 91 • ... Cent Ind Gas Cos 5s i Citizens Gas Cos 5s 98 Citizens Street Railroad 55... 17 Home T <fc T of Ft. Wayne 6s . 102 Ind Railw’ays & Light Cos 5s Indiana Service 5s . 73 75 Indpls Power & Light Cos 55... 97% 98 Indpls Gas Cos 55.... 98 103 Indpls Street Rys 4s 14% Indpls Trac Terminal Cos 55... 44 Indpls Water Cos 5%s '53 ...100 Indpls Water Cos 5%5. ’54 ...100 Indpls Union Rv 5s 100 Indpls Wa Cos Ist lien ref 55.. 92% ... Indpls Water Cos 4%s 95 Indpls Water Wks Sec Cos 55.. 87 91 Indpls Water Cos 4%s 94 95 Interstate Pub Serv Cos 4%5.. 79'% 80 Interstate Pub S Cos (B) 6%5. 90 No Ind Pub Serv Cos 98% 99% Terre H TSt L 5s ... —Sales--10 sh. Indpls Pow & Light 6%s at 90 Public Workers’ Pay Cut Looms By United Press PHILADELPHIA, Sept. 30.—City and county employes face a 10 to 25 per cent reduction in pay for 1932 on the strength of Mayor Harry A. Mackey’s message on the budget submitted to city council today.

Specialists In Unlisted Securities Edw. W. Zaiser Securities Corporation 414 Continental Bank Bids. Riley 41)43

INVESTORS TAKE HUGE LOSSES IN DIVIDEND CUTS Paper Loss of $10.40 for Each Person in U. S. Is Shown. BY ELMER C. WALZER, United Press Financial Editor NEW YORK. Sept. 30. Stockholders of American companies Thursday will receive third quarter dividends, the amount slashed by $175,000,000 from 1930. This “salary" reduction comes because so far this year 147 dividends were omitted and 115 reduced. On an annual basis these changes reduce dividend receipts for American investors by $1,300.000 000 or $10.40 for every man. woman and child in the United States. Since the bear market began back in 1929, investors have had dividend reductions which aggregate $2,500.000.000. or about $5 weekly for every investor on the basis of 10,000,000 investors. In addition, huge losses have been incurred through omission of interest payments by many corporations and governments. However great these cuts may bo. the decline in valuation of stocks and bonds dwarfs them into insignificance. \ Huge Loss for Country Stocks listed on the New York Stock Exchange as of Sept. 1, 1929, had a total valuation of $89,668,276.584. Just two years later. Sept. 1, 1931, the Stock Exchange calcula- \ tion placed the valuation of all i listed shares at $44,587,026,110. The latter figure represents a decline of $45,081,250,744. Since Sept. 1, stocks have shrunk at least enough to bring the loss to $50,000,000,000 and if consideration is given to listing of additional shares on the exchange; the loss could be expanded to $60,000,000,000. In addition, vast losses have been, incurred by curb stocks, bank stocks, insurance and miscellaneous issues, the latter not traded on regular exchanges and on securities. One estimate places the loss in valuation of all securities and stocks in the United States at the gigantic sum of $125,000,000,000 which would mean a loss of SI,OOO for every person in the country. All Classes Affected Os course, this is not all actual loss, but it does represent shrinkage on paper of that amount in full and a great deal of it does represent' loss in actual money? The market’s loss of this depression can never be accurately measured. Just to obtain a picture of the vastness of the sum of $125,000,000.000 apply it to salaries for 6,000,000 persons now estimated without employment in the United States. It would mean a lump sum o* $20,833 for each of these unemployed. That amount placed at interest of 5 per cent annually would provide for life of $1,441.65 and still leave the principal intact. Or if it were divided without considering interest it would last more than twenty years at the rate of SI,OOO annually for each of the unemployed. Wage earners today are included among stockholders. Therefore in addition to many persons losing their positions through the depression or having salaries or wages reduced, they also lose large amounts through reduced income of stocks and bonds and through reduced prices for the issues held.

On the basis of Walzer’s computations, Indianapolis should have 30,769 investors sharing a reduction of $538,475.50 in dividends on Thursday over those received Oct. 1, 1930. These figures were reached by determination of an average on his statistics after local financial experts refused to make an estimate on Indianapolis’ investors share in the huge loss. An estimate?” asked one, when requested for an opinion. “The best I could do would be a wild guess.” Working on the same basis, a ratio discloses that investors here should have lost an aggregate of $7,692,250 since the bear market of 1929. Marriage Licenses John Leßoy Williford. 26. of 1638 North Pennsylvania street, mechanical engineer and Gladys A. Jacobs. 24. of 1624 North Pennsylvania street. n Harry A. Cottimrham. 23. of 2430 North Pennsylvania street, bank teller, and Melnurse Bass " o{ 1701 North Illinois street. Frank Burnett. 20. of Newark. N. .1.. metal polisher, and Virginia E. Davis 29 of Clavpooi hotel ' * , re t t -J aborer - a7)d Lela 19. of 1012 T. S 7-,i? wer !, tv^ PVFnth slrr et. houseworket. Wilham I Swans ton. 23. of Battle Creek, 5?.* c b.. United States coast guard, anti G Brandon. 22. of 812 East Fortvsixth street. Ralph M. Liford. 21. of 723 Laural street transfer operator, and Lillie E. West. 18. of 414 West McCartv .street, housekeeper Henry A Short. 23. Dayton. 0.. me. chanie. and Ethel Clark. 24. of 1243 Wc.-t Thirty-first street. Lonnie Hall Jr.. 21. of Logansoort. electrician. and Frances Arcutt. 18. Indianapolis. stenographer. George V. Davis. 33 of 421 East New York street, railroad foreman, and Charlotte Crocket. 22. of 421 East New York street. Herschel L. Davis. 18. of 2234 Miller street. Is’-orer. and Clara !• Sims. 16 of 1922 Miller street, houseworker Building Permits Sophia B Bingman. filling station. 2863 onciov. <&SOQ s6oo Dhia B ' Biaßman - mov - 2885 Shelby. J6 BoPhia B. Bingman. move. 2865 Shelbv, SI B OO A- Sulllvan - additl on. 5325 Central, Vern Headlie. dwelling. 4335 North PennRTilvonifl Rpn Vern Headlie.'garage. 4335 North Pennsylvania. $250. Gallilee Baptist Church, repairs Twentyfifth and Eastern. $650. A. A. Gottenmoller, garage. 5446 North Delaware. SBOO. A. A. Gottemoller. dwelling. 5445 North Delaware. $15,700. Fire Ends Depression By United Prcs ALHAMBRA, Cal., Sept. 30.—Fire put an end to depression here when flames swept a steel products firm. Firemen, seeking the source of the blaze, found the foundry’s pet cat. Depression, had stepped on a 15,000-volt wire while stalking mice.

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