Indianapolis Times, Volume 43, Number 133, Indianapolis, Marion County, 13 October 1931 — Page 14
PAGE 14
SWINE DISPLAY * STRONG TREND AT CITY YARDS Cattle Market Largely a Steer Run; Sheep Move Up. Hog prices generally were steady this morning at the city yards, strength apparent in all classes, some showing a 5-cent increase over Monday’s figures. The bulk, 160 to 300 pounds, sold for $5.30 to $5.60; early top holding at $5.65. Receipts were estimated at 9,000; holdovers were 221. Trade in cattle largely was a steer run, with better grades about steady. Other classes received lower bids. Receipts were 1,500. Vealers were unchanged at $9 down. Calf receipts numbered 700. Lambs were steady to higher, the bulk selling at $6.50 to $7. Some butchers made the market’ around $6. Top price held at $7.25. Receipts were 2,000. Chicago hog receipts were 19,000, Including 2,000 direct. Holdovers 8,000. Market slow, with a few early bids and sales steady to strong at Monday’s average. Generally asking around 5 to 10 cents higher on heavies. Hogs weighing 220 to 250 pounds sold at $5 to $5.50, while best kinds held above $5.65. Medium weights scaling 180 to 200 pounds sold at $5.25 to $5.40. Cattle receipts 7,500. Calves 2,500; market steady to 25 cents lower. Sheep receir's 16,000; market strong. HOGS Oct. Bulk. Earlv Top. Receipts. 6. ss.3oCri 5.50 $5.55 7,000 7. 5.40® 5.60 5.70 6,500 8. 5.45®. 5.70 5 70 6,000 9. 5.258 5.60 5.60 9 000 10. 5.05®' SAO 5.40 2,500 12. 5.30® 5.60 5.60 5,000 13. 5.30® 5.60 5.65 9.000 Receipts. 9,000; market, steady. —Light Lights—-(l4o-160) Good and choice...s 4.75® 5.00 —Light Weights—-(l6o-180) Good and choice ... 5.30 (180-200) Good and choice 5.40 —Medium Weights—-(2oo-220) Medium and g00d... 5.50 (220-250) Good and choice... 5.50® 5.65 —Heavy Weights—-(2so-290) Good and choice... 5.50® 5.65 (290-350) Medium and g00d... 5.25® 5.50 —Packing Sows—-(27s-500) Medium and good ... 4.00@ 5.00 (100-130) Slaughter pigs 4.25® 4.50 CATTLE (Slaughter Class) Receipts. 1,500; market, steady. —Steers— Good and choice $ [email protected] Common and medium 4.25® 7.75 (1.100-1.500) _ „ Good and choice 7.50® 10.00 Common and medium 5.25® 7.50 —Heifers—-(soo-850) Good and choice 7.00® 9 50 Common and medium 3.50® 7.00 —Cows— Good and choice 4.25® 5.50 Medium 3.00® 4.25 Cull and common 1.50 rj> 3.J0 —Bull (ye’arlines excluded) Good and choice beefs 3.50® 4.p0 Cutter, common and medium 2.00® 3,.>0 CALVES AND VEALERS Receipts. 700: market, steady. —Vealers — M?dfum nd cholce Bio® l:so cull and common ..!! 4.50® 6.50 —Calves — Good and choice 5.50® 7.50 Common and medium 3.00® o.iu STOCKERS AND FEEDER STEERS Good and choice 5.00® 6.75 Common and medium 3.00 ff o.uu (800-1.500) Good and choice a'nn® 5 00 Common and medium 3.00® o.uo SHEEP AND LAMBS Receipts. 2.000: market, higher. Good and choice $ £•{]{! fi nil Common and medium ........ 3.00® 6.00 Ewes, medium and choice... 1.25 'w 2.2,i Cull and common Other Livestock Bit United Press CHICAGO, Oct. 13.—Hogs—Receipts, 10,000, including 2,000 direct; strongl to 10c higher; packing sows at 200-300 lbs., $5.35® 5.60' top, $5.60, 140190 lbs.. ss® 5.35; pigs. [email protected], packing sows. s4.6o!ii 5.15; smooth sorts, $5.25, light lights, 140-160 lbs., good and choice. $4 R 9o<;/ 5 20; light weight 160-200 lbs., good and choice. ss® 5.50; medium weights 200250 lbs., good and choice, $5.45®54>0. heavy weights, 250-350 lbs., good and choice, 55.25(ii 5.60; packing sows, 275-500 lbs., medium and good, $4.60®;5.35; slaughter pigs, 100-130 Ids., good and choice, $4.28(u5. Cattle-Receipts, 7-500; calves, receipts, 2,500; strictly good and choice fed steers and yearlings strong; shippers active, buying rather freely $9-25 upward; lower grades slow, steady to weak; most other killing classes about steady although grassy and short fed butcher heifers dull, unevenly lower, extreme top fed steers and weight, $lO-40. light steer yearlings. $lO, and long >earlings, $9.75; slaughter cattle and vealeis. steers, 600-900 lbs., good and choice, $7.25® 1025; 900-1100 lbs., good and choice. 7 25® 10.25; 1100-1300 lbs.. good and choice. $7.25® 10.60; 1300-1500 lbs., good and choice, [email protected]; 600-1300 lbs., common and medium, $4 (n. t .50, t-idlers, 550-850 lbs-, good and choice, common and medium, s3<f/7; cows, good and choice. $4.25® 5.75; common and medium, 53.50®4.25; low cutter and cutter. 52.25® 3 50' bulls, yearlings excluded, good and choice beef,'s4.so® 5.50; cutter to medium. $3.50®4.75; vealers. milk fed, good and choice. sß®'9; medium, 56.50®,8; cull and common, $4.50(/8 50; stocker and feeder rattle: steers. 500-1050 lbs., good and choice $5.25fi/6.75; common and medium, $3.75® 5.25. Sheep—Receipts, 16,00; strong to 25c higher; advance largely on better grade lambs; good to choice natives, Sfa® 6 50. to packers; outsiders, $6.75, some higher; westerns unsold; fat ewes, $1 50® 2.25; slaughter sheep and lambs: lambs, 90 lbs. down, good and choice, s6® 6.85; medium. ss®6; all weights common, $3.50((i 5; ewes. 90-150 lbs., medium to choice. sl(ii 2.50; all weights, cull and common. 75c® $1.50; feeding lambs, 50-75 lbs.. good and choice, $4.75®5.50. Bit United Press CLEVELAND, Oct. 13. Hogs— Receipts, 2.000; holdover, none: steady to 10c. higher pigs ns much as $2.50 up; 160-300-lb. ■weights, $5.65 to mostly $5.75; package strictly choice. 196 lbs.. $5 85; light lights and pigs mostly $5; rougn sows, $4.25; stags. $3.50. Cattle—Receipts. 150; steady; scattered common light steers, $5.35®.5.85; load medium, 790-815 lbs., yearlings, si; clearance of Monday run nearing completion; most sausage bulls, $4 50 downward' best weighty kind upward to $5; calves, receipts, 800; vealers, 50c or more lower; rather plain quality considered; run expansion signal for reaction; bulk better grades sll downward: best held higher; cull to medium. $6.50®9.50; few, $lO. Sheep—Receipts. 2,200; steady, desirthrowouts around ss® 5.50; few culls. $4.50. able fat lambs, upwards to [email protected]; B United Press EAST ST. LOUIS. HI.. Oct. 13.—Hogs— Receipts. 7.000: market, strong to 10c higher; top. $5.75: most 180-250 lbs.. $5.50 ", 5 65: 150-180 lbs.. $5.25® 5.50; 100-150 lbs SS(O 5.25: sows, mostly $4(04.75. Cattle— Receipts. 3 800. Calves—Receipts. 1 700' market, indications around steady oh fed steers: western steer market not developed; mixed yearlings and heifers steady; cows, cutters and low cutters. 25c higher: bulls, steady; vealers unchanged at $9.50: mixed yearlings and heifers *7 8• cows. $3.25: low cutters. $1.75®2.25; too' medium bulls. $4.35. Sheep—Receipts. 2.000: market, few choice lambs to city butchers, steady to 2ac higher at $6.50® 6.75: a few lots at $7: packers, talking steady or $6.25 down. Bn United Press EAST BUFFALO. Oct. 13.—Hogs—On sale 1.150: active to all interests: 10®T5c over Monday's average; bulk desirable, 180-190 lbs $5.80®5.90: few butchers. $6 a 6.10; 160-170 lbs., $5.60 ®s.> 5; weights below 150 lbs.. $5if5.50; only inferior kinds below. $5.25. Cattle—Receipts. 25 nominallv steadv. Calves —Receipts, 100: vealers. unchanged: god to choice mostly $10.50: common and medium. 56.50 ®8 50 Sheep—Receipts. 200: lambs generally 25c higher: good to choice, $7.50, medium kinds and fat bucks. $6.50: strongweight throwouts. $5.50. Bn United Press PITTSBURGH. Oct. 13 —Hogs—Receipts, 500 market, active. 15(a25c higher: 160260'ibs $5.85"i6: 130-150 lbs.. $5.50’a5.85; 100-130 lbs.. $5®5.50: packing sows. s4®' 475 Cattle— Receipts. 100: around steadv; common mixed steers and heifers around. *5 downward: common to medium cows, ss 25®4.25. Calves—Receipts. 100: around teadv: better grade waters. sß® 9.50: some held higher: medium to good weighty calves $4.50® 6. Sheen-Receipts. 500: steadv: choice handv weight lambs, $7; less attractive and plainer kinds. $4 50y' 6.50. /,'*/ United Press TOLEDO. Oct. 13.—Hogs—Receipts. 40C' market, steadv to 10c higher: heavies. So e, 5 40; mediums. $5 40® 5.50: Yorkers. $4.50 if, 4.75; Digs. $4.25® 4.75. Cattle— Receipts. jSO market, steadv. Calves —Receipts, light: market slow. Sheep—Receipts. light; • jpiJnt. steady.
New York Stocks ” (Bv Thomson & McKinnon 1
—Oct. 13— Prev. Railroad*— High. Low 11:30. close. Atchison 115% 115 ’-a 115'. 117 Ati Coast Line . 67% Bait A: 0hi0... 38 37 37% 39% i Chesa & Ohio.. 31 30% 31 32 i Chess Corp. . 25' t 25 25% 36% ! Chi Grt West 5% Chi N West.... 17% 17 17 17' I C R I At P 29' Del Si Hudson 101 102% . Erie 147. 15 Great Northern 28% 28'. 28% 23% Illinois Central 31 1 4 30' 30‘4 31% Kan City So ... ... 14% Lou Si Nash 48‘a IMK Si T 8% 81 'a 8% 9% Mo Pacific 15 1 3 16', 4 Mo Pacific pfd. 38% N Y Central. ... 62% 60% 60% 62 Nickel Plate 18% NY NH Si H . . 45 42'2 42% 45 Nor Pacific 25% 24% 24% 26% Norfolk Si West 136 O Si W 9% 9 9 9% Pennsylvania 35% 34% 34% 37 Reading 62 80 Pacific 57% Southern Ry 19% St Paul 3% 33% 3' 2 j St Paul nfd 6 5% 57. 6% I St L Sc 8 F .... 11 10 10 11% Union Pacific.. 117' 4 116% 116% 19% i W Maryland 9% ] Wabash 8% 8% West Pacific 4 4% Equipments— Am Car Si Fdy 13 14 Am Locomotive 12 Am Steel Fd 11% Am Air Brake 8 23 24% Gen Am Tank 47 General Elec .. 31% 30% 30% 31% Gen Ry Signal.. 38 37% 38 37% I Lima Loco ... ... 20% i Press Stl Car 2% 2% 2% 2% I Pullman 30% 29% 29% 29% Westingh Ar B. . ... 18% 19% ! Westingh Elec. . 48% 46% 47 48% Rubbers—- ! Goodrich .. ... 7% 7% 7% 7% ! Goodyear . ... 23% 23 23% 24 Kelly Sprgfld 1 % ... ;U S Rubber ... 7% 7% 7% 7% Motors—i Auburn 119% 115 116% 119% Chrysler 14% 14% 14% 14% [Graham Paige.. .. ... . . 2% General Motors 26% 26% 26% 26% Hudson 10% 10% HUPP 4% ... 4% 5 Hash 21 20 20 20% Packard 5% 5 5% 5% Reo . 41 4 % Studebakei ... * 12% Yeiiow Truck .5% a ‘a 5% Motor Access— Bendix Aviation 16% 16% 16% 17% Borg Warner . 12% 12 12% 13% Briggs 10% Budd Wheel' 'sl. si* Campbell Wy 9% Eaton 91" *■9,E 1 Storage B ... 34 34.1,4 Hayes Body .... .. p? Sparks W ? Stewart Warner 7% 7 "7 % Timkin Roll ... 25 24% 24% 25 Mining— Am Metals 73,1 a Am Smelt ..... 24 23% 24 23% Am Zinz . 4 Anaconda Cop .. 16 15% ‘ 15% 15 Cal Si Hecla ... 5 474 Cerro de Pasco.. 14% ii% 141/. 14 Dome Mines ga/ 4 giv Freeport Texas.. 77a 7% 7% 18% Great Nor Ore.. . ... 4514 0/8 Int Nickel 9 ga; b 74 “07 4 Inspiration .... . 4 84 8 7* Kennecott Cop.. 13% i2% ‘i2% 12 Miami Copper .. 4 3% 4 Nev Cons 6% 6% 6% "6u. Texas Gui Sul.. 25% 25% 25% 25% oii^ elt 16U 16 16 16 '% Amerada 1414 Honing 11% li% 11% ’ii% Barnsaall ... 5.1;. *7% Houston 0/4 lil Ohio oil ; 7 1* Mex Sbd 8 734 * ’73.4 0 i., Phniip S ont !..•.•/.•. %' 2 Pr Oil Si Gas.. .. ... . 6% Pure Oil 6 5% '5% 6% Shell l TTn UtCh " 18 ' S 18 18% 17% Simms Pt Sinclair 6% 6% 6% "6% Skellv 474 Standard of Cal 32 3 a 31% 31% '32'2 Standard of N J 31% 31% 31% 31% Soc Vac 14% 14 14% 14% Texas Cos 18% i B 3/ 4 Union Oil 16% 15% Steels— Am Roll Mills.. 13% 13% 13% 13% Bethlehem 29% 28% 29% 29% Byers A M 18% 17% 18% 18% Cruc Steel 25% Ludlum ... . , 7% Repub I Si 5... 7% 7% 7% 7% U S Steel 70% 68% 69% 70% Vanadium 18 17% 17% 18% Tobaccos— • Am Sumatra ... ... 7% A Tob A (newt 87 85% 85% 86% A Tob B (new) 89% 87% 88 90‘A Con Cigars 23% Lig & Myrs (B) 56% 55 55 56% Lorillard 13% 12% 13% 13% Reynolds Tob.. 40% 4040 40% Tob Pr A 2% Tob Pr B 2% Utilities— Abitibi 9% Adams Exp 10 9% 9% ... Am For Pwr... 14% 14V* 147* 14% Am Pwr &Li 19% 19% 19% 20% A T Si T 138'.., 135 135% 1377a Col Gas Si El.. 20% 20% 20% 21% Com & Sou 6 5% 5% 6 El Pwr & Li... .21% 21% 21% 22% Gen Gas A 3% 3% 3% 37, Inti T Si T 17% 16% 17 17% Natl Pwr Li.. 17% 17 17 17% No Amer Cos 37 36 36% 37 Pac Gas & El.. 36 35% 35% 35% Pub Ser N J 64% 62% 6274 63% So Cal Edison.. 35 34% 34% 3474 Std ®! Si E 1... 3872335,6 5 , a 37 United Corp 13% 13% 13% 13% Ut Pwr & L A.. 12 11% 11% 12% West Union ... ... 987s Shipping— Am Inti Corp... 8 3 4 874 874 87'2 N Y Ship 4% <% United Fruit 33% 34 Foods— Am Sug 40% 40% 4074 41 Armour A 1% 1% Cal Pkg 16 15% Is% ... Can Drv 1974 19 19 19% Childs Cos 10% 10% Coca Cola 10974 108 108 10974 Cont Baking A. .. ... 7 7 Corn Prod 46% 54 45 46% Gen Foods 3874 3774 37% 3874 Grand Union 1074 ... Hershev 80 Jewel Tea 3074 Kroger 2174 21% 21% 22 Nat Biscuit 46 4574 45% 4674 Pillsbury 23 23 % Purity Bak 16% 15% 15% 1674 Safeway St ... ... 51 Std Brands .... 15% 15 1574 15% Drugs— Coty Inc 4% 4% 474 4% Lambert Cos ... 55% 55 55 56 Lehn & Fink 2174 21% Industrials— Am Radiator.... 9 8% 8% 874 Certainteed .... 13 12% 12% Gen Asphalt ... ... 2 Otis Elev 2574 2 5 2 5 26 Indus Chems— Allied Chem 80 78 79 79% Com Solv 1174 1174 11% 11% Union Carb .... 34% 34% 34% 35 U S Ind Alco 24% 23% 23 % 25%
Investment Trust Shares
(Bv Gibson & Bernard) PRICES ARE TO 12 NOON C. S. T. —Oct. 13Bid. Ask. Am Founders Corp com 1% 1% Am & Gen Sec A 10 Am Inv Tr shares 374 3% Basic Industry shares 3% 4% Collateral Trustee shares A.. 47* 5% Cumulative Trust shares 4% 57s Diversified Trustee shares A... 10 Fixed Trust Oil shares 3 Fixed Trust shares A 9% ... Fundamental Trust shares A.. 4% 5 Fundamental Trust shares 8.. 4% 574 Leaders of Induustrv A 5 Low Priced shares 4% 4"4 Nation Wide Securities 47* 4% National Industries shares... 3% 474 North American Trust shares.. 37r 4 Selected American shares ... 3% 3% Selected Income shares 4% 4% Shawmut Bank Inv Trust 2 ... Std Am Trust shares 4% 4% Trustee Std Oil A 4% .. Truustee Std Oil B 47 4% Unified Service Trust Shares A 3% 39, U S Elec Light Si Power A 20" 22% Universal Trust shares 3% 4% Other Livestock By United Press CINCINNATI. O. Oct. 13.—Hogs—Receipts 3.500; heldover. 120: fairly active, steadv to 10c lower: better grade. 190-270-lb good averages, mostly $5.75: general run 160-180 lbs.. $5.25: best 170-180 lbs., to packers. $5.50: 130-150 lbs.. $5: sows, steadv. $4®4.50. Cattle—Receipts. 600: calves. 250: generally steady: common and medium steers and heifers. $4®6.25: a few better finished kind. $6.50® 7.25: odd lots fed vearllngs upward to $8.50: cows. $3.50 ®4.50: low cutters and cutters. $2®3.25; practical top bulls. $4.50: vealers more artive. fullv steadv: good and choice. sß<fi9: lower grades mostly $7.50 down. SheepReceipts. 1.000: better grade ewe and wether lambs scarce, strong to 25c higher at $6.50®7: others, mostly steadv: common throwouts. $4®4.50: medium grades and buck lambs ud to $5.50 and better: fat ewes mostly $1.50 down. By Times Special LOUISVILLE, Oct. 13.—Hogs—Receipts, 750; 10c lower; 175-240 lbs.. $5.45; 240300 lbs.. $5.05; 300 lbs. up. $4.10; 130-175 lbs.. $5; 130 lbs. down. $4.90: packing sows, S2 95®3.75: stags, $2.70 dflwn. Cattle—Receipts. 250; steady with Monday’s close: steer quality plain, mostly $6 down: bulk best slaughter heifers. $5.50®6.50; slaughter cows. s3@4; bulls. $4 down: calves, receipts, 250. steady; best vealers, $7.50: medium. s4®s: culls, $3.50 down. Sheep and Lambs—Receipts. 200; steady, best fat lambs. $6; bucks. $5; throwouts. $3 down. Monday's shipments—Cattle, 500; calves, 445; hogs, none; sheep, 413. By United Press FT. WAYNE. Oct. 13.—Hogs—Steadv to 10c higher; 100-120 lbs . $4; 120-140 lbs . $4.25; 140-150 lbs., $4.50: 150-160 lbs.. $4.75; 160-180 lb?.. *5.15: 180-200 lbs.. $5.25; 200-225 lbs.. $5 35. 225-250 lbs.. $5.45; 250-275 lbs.. $5 35; 275-300 lbs.. *5.25; 300-30 lbs., *5.15; roughs. $4; stags. 52.50: calves. $9: lambs, $6. By Ignited Press LAFAYETTE, Ind., Oct. 13,—Hogs— Steadv to 10c higher; 250-275 lbs.. $5 45; 225-250 lbs.. *5 35. 275-300 ibs.. $5.25; 300325 lbs.. *5; 200-225 lbs. $5.20: 180-200 lbs., $5.10; 160-180 lbs.. $5 150-160 lbs.. $4.60: 140-150 lbs.. $4 35; 120-140 lbs.. $4.10: 100-120 Ibs . $3.85; roughs, $4.50 down; top calves. $$.5Q; wb lambs. iS,
Retail Store*— Assoc Dry Gds.. 12% 12 12 12% K/esge S S 22% 22% May D Store 26% Mont Ward 11% 11 ii% H3 4 Penny J C 35 34% 34% 35 Schulte Ret St.. . ~ . 4% Sears Roe 39 38 38 39 Woolworth 53% 51% 52% 54% Amusements— Col Graph . .... 4% 4% 4% 4% Eastman Kod ..112 110 110% 112% Fox Film A . 9 8% 8% 8% Oriesbv Gru ... . 2% 2% Loews Inc 37% 35% 35% ... Param Fam 13% 12% 13 14 Radio Corp 13% 137* 13% 13% R K O ... 8% 8%
EXPERT DETAILS POISON TESTS Dr. Harger on Stand at Lebanon Trial. (Continued From Page 1) son George, and daughter Elizabeth, in the absence of her husband and other son. With the defense attempting to cast a legal smoke screen over the case since the identification of Mrs. Simmons, it is expected nearly two ! score of defense witnesses will testify. Jackson Again Grilled Unable to shake Friedman in his statements, the defense Monday afternoon again opened their intimations that Horace Jackson, brother-in-law of Mrs. Simmons, might be the poison murderer. Tindall called Jackson to the witness stand and permitted Mrs. C. H. Johnson, Cumberland druggist, and Harry Short, New Palestine druggist, to view him. While he was on the stand. Jackson denied buying sixty grains of strychnine from Short and also denied attempting to buy 10 cents worth from Mrs. Johnson a few days before the picnic. Mrs. Johnson was in the courtroom last week and The Times told how she closely watched Jackson’s moves. Although neither Jackson nor Mrs. Johnson made any statements in court Monday afternoon, Tindall told reporters neither was able to identify Jackson. The outstate druggists were brought to the courtroom a few minutes after Friedman had delivered his accusations before the jury. Due to an agreement of attorneys, Harger was permitted to relate only details of strychnine found in the examination. Harger’s report carried statements that bichloride of mercury also was found in the children’s organs, it was learned. It is known the state intended to use the mercury evidence to support a previous accusation that Mrs. Simmons attempted to murder her children two weeks before the picnic.
The City in Brief
WEDNESDAY EVENTS Kiwanis Club luncheon, Claypool. Lions Club luncheon, Lincoln. Purdue Alumni Association luncheon, Severin. Illini Club luncheon. Board of Trade. Mutual Insurance Assocation luncheon, Columbia Club. In behalf of a fund for relief work among ex-service men this winter, Lavelle-Gosset post, No. 908, American Legion, will open a carnival this afternoon in the 3200 block Madison avenue. The show will close next Monday night. A tree conservation movement, farmer-sportsman co-operative program for game restoration, and establishment of a bass rearing pond in Marion county are platforms inthe 1932 program of the Izaak Walton League, Indianapolis chapter. Seven talks are scheduled for the weekly meeting at 8 Tuesday night of the Indianapolis Medical society in the Athenaeum. Dr. George E. Vincent, member of President Hoover’s emergency relief committee, will address a group of 100 men in behalf of the Community Fund, Wednesday night in Foster hall on the J. K. Lilly estate. Preview exhibition of illustrative photography will be given for members of the Advertising Club of Indianapolis, the Camera Club and other artists and patrons of art by Mrs. H. G. Bailey at her home, 1909 North Pennsylvania street, Thursday afternoon and night. All-American rating for creative writing has been accorded Arsenal Technical high school for the second consecutive year by Quill and Scroll, international high school journalistic honorary society, it was announced Saturday. Gain in membership was reported at the annual dinner of the First Baptist church congregation Monday night. C. S. Merrick was reelected treasurer and F. O. Baker, clerk. Deacons named included George F. Butturf. Ira Fisher, C. G. Jacquart and J. E. Shewmon. reelected, and A. B. Merchant, Trustees named were H. J. Buell, J. M. Antrim, Mrs. C. S. Dearborn, Mrs. J. B. McCoy and J. C. Moore. The Kiwanis Star of Service for “unusual devotion to the interests of Indianapolis" will be presented to William Fortune at the Kiwanis luncheon Wednesday at the Clay- | pool. GREAT WESTERN BUYS INTO K. C. SOUTHERN New Rail System From Chicago to Gulf Planned. By United Press NEW YORK, Oct. 13.—Purchase of 20 per cent interest in the Kansas City Southern railway, presumably from the Van Sweringen interests, by the Chicago Great Western Railroad was made in furtherance of the Great Western's plan to create another north and south system between Chicago and the gulf, it was learned today. Announcement of the acquisition of stock was made over the weekend by Great Western interests. No comment was forthcoming from the Kansas City Southern. At the local office of the road it was said L. F. Loree, chairman, was in conference. If the Great Western plan is I carried out there will be three systems competing for business be- ! tween Chicago and the gulf. They ; are the Illinois Central and the Chi- ■ cago, Burlington & Quincy-Gulf | Mobile and Northern-New Orleans Great Northern hook-up.
THE INDIANAPOLIS TIMES
STOCKS MOVE DOWN IN LIGHT TRADING PACE Rail Shares Are Heaviest Losers, Dipping 1 to 3 Points.
Average Stock Prices
Average of thirty industrials for Saturday 105.61, up 1.15. Average of twenty rails 57.43, up .03. Average of twenty utilities 42.02. up .42. Average of forty bonds 87.35, up .14. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Oct 13.—A combination of foreign and domestic items forced the stock market down fractions to more than 2 points in the early trading today. Around noon selling pressure lightened slightly and the drop appeared arrested temporarily. A similar period of recovery took place around the end of the first hour, but it failed to hold. The market opened irregular in a narrow range, with railroad shares, last week’s features, meeting pressure. President Richard Whitney’s announcement of the failure of the firm of Kountze Brothers, one of the oldest houses in the financial district, precipitated further selling, but volume did not gain appreciably. Cotton, Grains Feature The feature of the day was firmness in cotton and grains. Strength in these staples had a good effect on stocks whose companies rely upon the farmer for their income. In this group, J. I. Case rose more than 2 points from its low and International Harvester also firmed up. Montgomery Ward and Sears Roebuck held slightly under the previous close. The Kountze failure was the principal item in the domestic news aside from that affecting commodities. The street was apprenhensive over the convening of the German reichstag which was to test the new Bruening cabinet. Approach of the British election and the controversy in the far east also were factors retarding activity in the list. Absence of short selling was believed responsible for the lightness of the dealings and the lack of concerted pressure. Shorts Hold Back Shorts have been reticent about placing new commitments of late on account of the vigilance of the Stock Exchange on this sort of dealing. Railroad shares were the heaviest losers, being off 1 to nearly 3 points. Steel common lost more than 2 points and American Can nearly 2, but both these issues rallied from the lows. Utilities lost fractions to more than a point. American Telephone at one time was down more than 2 points and rallied slightly from the low. Automobile shares eased off with General Motors and Auburn. Packard was firm and active, moving against the trend in its group. Call money was quoted at 2 per cent, the first time it renewed at this figure since April 7, 1931. Bonds were sold after a steady opening and prices in that market slipped to lower levels.
Mew York Curb Market
(By Thomson & McKinnon) —Oct. 13— ll:00i 11:00. Alum Cos of Am 78 Insull Ut 14% Am Cynamid. 474 Int Pet 9% Am Gas Si Elec 42 Mead Johnson.. 517's Am Sup Pwr.. 6% Midwest Ut ... 11% Ark Gas A ... ?% Mo Kan Pipe... 2% Ass Gas & Elec 7% Penroad 4% Braz Pwr & Lt. 8% St Regis Paper. 7% Cent Sts Elec. 3% Sel Indus 1% Cities Serv ... 7% Shenandoah ... 1% Cons Gas of B 72 So Union Gas.. 3% Cord 674 Std of Lnd ... 20% Elec Bnd & Sh 19% Std of Ohio ... 41 Ford of Can... 12 Un Gas A 3% Ford of Eng ... 7%IUn Lt & Pwr.. 12 Fox Thea lfilUn Verde 5% Goldman Sachs 3%lUt & Indus... 4% Gulf Oil 48 jut Pwr B 4% Hudson Bay ... 3 lUnited Fndrs .. 374 Humble Oil ... 50 !
Produce Markets
Eggs (country run) —Loss off delivered in Indianapolis. 17cc: henery quality No. 1, 20c: No. 2. 12c. Poultry (buying prices)—Hens weighing 5 lbs. or over. 16c: under 5 lbs.. 15c; Leghorn hens. 12c; broilers, full feathered. 37is lbs. and up. 12c: bareback. 11c: Leghorn broilers. 12c: spring chickens. 4% lbs. and up. 12c; under 4 lbs.. 12c; oia cocks. B®9c: ducks, full feathered. 9c; geese. 6c. These prices are for No. 1 top aualitv Quoted bv Kingan & Cos. Butter iwwholesale) —No. 1. 34®35c: No. 2. 32®33c. Butterfat—34c. Cheese (wholesale selling price per pound)—American loaf, 23%c: pimento loaf. 2574 c; Wisconsin firsts. 19c; Longhorns. 19c; New York limberger, 30c. By United Press New YORK. Oct. 13.—Potatoes—Market, dulls Long Island, [email protected] barrel: New Jersey. 51®1.35 basket: Maine. [email protected] barrel; Idaho. [email protected] sack. Sweet potatoes —Market, dull: Jersey baskets. $1.50 ®T.75: Southern baskets. 40@75c: Southern barrels. $1.13®1.25. Flour—Market, dull but firm: spring patents. [email protected] barrel. Pork—Market, auiet: mess. $20.50 barrel. Lard—Market, firm: middle west spot, .0780®.0790c lb. Dressed poultry—Market, dull: turkevs. 25®.40c: chickens. 17®31c; broilers. 16®31c: fowls. 11®26c; ducks. Long Island. 16@18c. Live poultry-—Market, firm: geese. 10@15c: ducks. 13®24c: fowls, 12®22c: turkevs. 20®25c: roosters. 12®13c: ciickens. 15® 25c; broilers. 25®28c. Cheese —Market, quiet: state whole milk fanev to specials. 157i@>17c: voung America. 16 ®1774c. Bn United Press CLEVELAND. Oct. 13.—Butter—Extras. 38c; standards. 37%c: market, steady: firm. Eggs—Extras. 33c: firsts. 25c: market, firm. Poultry—Heavy fowls. 20® 22c: medium. 18(& 20c: Leghorn. 12@15c; heavy broilers. 17® 18c: Leghorn broilers, 13®15c: ducks. 12®16c: old cocks. 12@14c; geese. 13c: market, steadv. By United Press CINCINNATI. Oct. 13.—Butter—Firm; creamery in tub lots according to score. 30:j32c: common score discounted, 2®3c; packing stok No. 1. 22c: No. 2,19 c: No. 3, 12e; butterfat. 30® 32c Eggs—Higher; cases included; extra firsts, 31c; firsts, 26c: seconds. 21c; nearby ungraded. 29c. Live Poultry—Thin and coarse stock sell only at heavv discount: fowls 5 lbs. and over, 19c: 4 lbs. and over. 16c; 3 lbs. and over. 14c: Leghorns, 3 lbs. and over. 12c: roojters. 11c; broilers colored 1 lb. and over, 23c: 1% lbs. and over, 20c: 2 lbs. and over. 18c; frvers, 3 lbs. and over. 18c: partly feathered. 10c: Leghorn broilers, 1 lb. and over. 23c: 172 lbs. and over, 18c; 2 lbs. and over. 14c; black springers, 10c; roasting chicks. 4 lbs. and over. 18c. By United Press CHICAGO. Oct. 13.—Eggs—Market, firm: receipts, 9.515 cases; extra firsts. 26c; firsts. 2472® 25c: current receipts. 18®23c; seconds, 12®16c. Butter—Market, firm; receipts. 16.957 tubs: extras. 34c; extra firsts. 31®32%c; firsts. 27®29c: seconds. 24®25c: standards. 33%c. Poultry—Market. strong: receipts. 1 car: fowls. 146,18 c: springers, 16® 17c: Leghorns. 12c; ducks, 11® 15c: geese. 13c; .turkevs. 17® 23c: roosters. 12c; broilers, 2 lbs., 14c: broilers, under 2 lbs., 14c; Leghorn broilers, 13c. Cheese—Twins. 15x®15%c; Young Americas. 15%®16c. Potatoes—On track. 240; arrivals, 62: shipments, 800: market, steady; Wisconsin Cobblers. 85®90c; Minnesota and North Dakota Red River Cobblers, 85®90c: Red River Ohios, mostly 90c; Idaho Russets, [email protected]. In the Air Weather conditions at 9 a. m.: Southeast wind, 10 miles an hour; temperature, 52; barometric pressure, 30.17 at sea level; ceiling, overcast, low. scattered clouds at 1.500 feet, smoky; estimated, 4,000 feet; Visibility, 4 miles; field, wet.
BELIEVE IT or NOT
f ' f* l k RIGHT V/ttEtL OF A PIAKE Ly LA 4UWAVS TURKS LONGER TuAtC&K. t£FT 3 'a aftcr the. takeoff vnTrtouT The water oftht Aviar. River "runswe. way mr 6 hoo r<T L Sm6U THE OPPOSITE. WAY TOR 6 HOURS the serpentine MoNUMENT-otisseMorf, ®rm^ny Vepresentif>£ a power o( evil that threatened the city .. _ "" 11 - jl. Kjat FtaluVex Syndicate. Inc- Grew Briti* rmfau nxr-A. ’ JO'S3
Dow-Jones Summary
New Texas proration order reduces oil output in east Texas field to 165 barrels per well daily from 185 barrels, effective Oct. 13. Also provides for 10 per cent reduction In all fields of state except Tanhandle. Stocks of crude rubber in London on Oct. 10. totaled 78,735 tons, a decrease of 511 tons from preceding week. Liverpool stocks 55,518 tons, an increase of 841. Government estimates corn crop on Oct. 1 at 3.703.000.000 bushels, against 2.715.000000 on Sept. 1. All wheat 884.0C0.000 bushels, against 886.000,000. Oats 1,174,000.000 bushels, against 1,161,000,000. New York cables opened In London at 3.875; Paris, checks 98.50: Amsterdam. 9.50; Italy. 75.50. and Berlin. $6.75. California crude oil output in week ended Oct. 10, averages 504,400 barrels daily, up 11.400 barrels over previous weeks, according to California Oil World. General Gas and Electric Corporation and subsidiaries in year ended TSept. 30, preliminary net income $7,025,645 after taxes, depreciation, interest, subsidiaries preferred dividends, etc., against $7,853,847 in preceding year. Gold statement of New York federal reserve bank Saturday shotved an increase of $18,800,000 in gold earmarked for foreign account. Domestic crude oil output in week ended Oct. 10. averaged 2,155,514 barrels daily, up 20.022 barrels over previous week, according to Oil and Gas Journal. Canadian Hygro-Electric Corporation, Ltd., and subsidiaries in twelve months ended Aug. 31, net income $2,032,997 after taxes, interest, depreciation, etc., against $1,655,303 in preceding twelve months. August net income $152,037, against $150,959 in August, 1930. Canadian Pacific first week of Octobei gross amounted to $2,691,000, against $4,167,000 in like week of 1930. From Jan. 1 to Oct. 7 gross $108,591,000, against $140,148,000. Wesson Oil and Snowdrift Company and subsidiaries net profit for year ended Aug. 31. 1931. was $2,546,861 after depreciation, federal taxes, etc., against $3,208,420 in previous year. Raymond Concrete Pile Company declared the regular quarterly dividend of 75 cents on preferred stock, payable Sgy. 2, of record Oct. 20. Sears Roebuck & Cos. in four weeks ended Oct. 8 sales amounted to $27,159,259, against $32,837,927 in like 1930 period, a decrease of 17 3-10 per cent. Forty weeks to Oct. 8 sales $260,067,608, against $284,475,425, a decrease of 8 6-10 per cent.
Bank Clearings
INDIANAPOLIS STATEMENT —Oct. 13Clearings $2,249,000 Debits 5,702.000 CHICAGO STATEMENT —Oct. 13— Clearings $56,100,000.00 Balances 4.900.000.00 TREASURY STATEMENT —Oct. 13Net balance for Oct. 1 $490,267,646.20 Expenditures 10,577 802.72 Customs rects. mo. to date.. 11,857,834.73 Chicago Stocks Opening (By James T. Hamill & Cos.) —Oct. 13— Bendix Avia... 16% Insull pfd .... 45 Borg Warner .. 13 Nob Sparks ..." 21 Cent So Wst.. 1C Pft Circle 28% Cent P Serv A 4% Sbd Utilities ... 2 Cord Corp .... 6% Swift &Cos .... 24 Com Edison ...146% Swift Inti 30% Grigsby Grunw 2% ut & Indus com 4% Insull com ... 14% Ut & Indus pfd 12
James T. Hamill & Company Private Wires 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., Riley 5493—Riley 5494
We Will Buy First Mortgage Real Estate Bonds Issued By S. W. Straus & Cos. Geo. M. Foreman & Cos. Strauss Bros. Inv. Cos. Zaiser & Zaiser 129 E. Market LI. 9375 RI. 2167
On request, sent with stamped addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.
Following is the explanation of Ripley’s “Believe It or Not” which appeared in Monday’s Times: Columbus Was the First Immigrant to be Deported—On March 21, 1499, a decree was issued empowering the commander of Galatrava, Francisco de Bobadilla, to proceed to Santo Domingo and to try Columbus on a charge of venality, excessive cruelty to natives, and aspiration to a royal rank. Bobadilla sailed in August, 1500, and arrived in Haiti in October. Columbus immediately was summoned to a trial by the king’s envoy and was found guilty. He was sentenced to be deported in chains to Spain, the loss of all rights and privileges, and a writ of prohibition ever to set foot again on the soil of the new world was issued against him. He was forthwith deported on the caravel “La Goda.” This was the first sentence of deportation issued in the Americas, and it is curious that its victim and first deportee should have been the man credited with the discovery of America. Wednesday “The Prize-Win-ning Tumbler.”
Local Wagon Wheat
City grain elevators are paving 39c for No. 2 red wheat and 38c for No. 2 hard wheat.
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Bright Spots of Business
By United Press NEW YORK. Oct. 13.—New York Cotton Exchange service estimated domestic consumption of cotton in September at 472.000 bales, against the census bureau figures of 426,000 in August and 394,000 in September, 1930. SHARON, Pa.—Work was started by the Westinghouse Electric and Manufacturing Company on a $1,400,000 contract for large car transformers. CHICAGO —Associated telephone utilities system added more than 1,200 new telephones to lines of Ohio companies as a result of special sales campaign during September. ROCHESTER. N. Y.—General Railway Signal Company was awarded a contract involving $2,317,800 bv the New York City board of transportation. NEW YORK —Associated Gas and Electric system reported September electric output was 6.7 per cent above September. 1930. CHICAGO —Lynch Corporation, manufacturers of glass blowing machinery, earned $2.42 a share in the nine months ended Sept. 30. against 52.38 a share in in corresponding period of 1930.
MOTION PICTURES
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OCT. 13, 1931
WHEAT PRICES RISE ON FIRM FOREIGN NEWS Export Buying Indications Closely Watched by Trade. BY HAROLD E. RAINYILLE United Press Staff Correspondent CHICAGO, Oct. 13.—Bullish developments over the week-end gave wheat a sharp upturn as the Board of Trade opened today. Liverpool was relatively strong in the face of large arrivals, as nothing has been offered for future consignment. Stocks opened irregular, but fairly firm. Wheat prices rose a sharp fraction, with the future deliveries leading. Corn moved up slightly, with wheat, but, despite rains in the belt, was inclined to drag. Oats were firm. At the opening wheat was 5 4 cent to 1 cent higher, corn was unchanged to V* cent higher and oats was 74 cent to % cent higher. Provisions were slow and steady. Liverpool was 17 4 cents to l a i cents higher at mid-afternoon, compared with the close Saturday. Indications are that foreigners have started to buy American wheat. The Chino-Japanese situation is being closely watched. A corn crop of 2,702,000,000 bushels was estimated by the government in its general report Saturday. but the reduction from the previous estimate was not sufficient to become a bullish factor. Contrary to expectations, the government report of oats of 1,174.000.000 bushels was 13,000,000 bushels over a month ago. Chicago Grain Range —Oct. 13WHEAT— Prev. High. Low. 11:00. close. Dec. 50% .50% .50% .50% Mar 53% .53% .53% .52% May 55 .54% .54% .54% July 55% .55 .55 74 .54"* CORN— Dec 35% .35% ’.3574 .357* Mar 38 .37% .377, .37% May 40 .39% .39% .39’* July 4174 . 407 8 . 40% .407 OATS— Dec 22% .22% .22% .22% May 257 b .24% .24% .24 July 24% .24% RYE— Dec 39% .39% .39% .397. May 42 .41% .41% .41% LARD— Oct 7.35 7.25 Dec ... 6.35 6.30 Jan 6.17 6.15 By Times Special CHICAGO. Oct. 13 —Carlots. Wheat. 35; corn, 269; oats. 51; rye. 6. and barley, 25. Arrivals and Departures Hoosier Airport—Walker W. Winslow, from Culver, Travel Air; N. B. Langley, from Marshall, Mo., to Boston; N. B. Trainer, Ned Bottom, to Portland, Travel Air. Municipal Airport—M. Hradle, Detroit to Los Angeles, Travel Air; Embry-Riddle passengers included A. Rasto, to Cincinnati.
MOTION PICTURES
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