Indianapolis Times, Volume 44, Number 1, Indianapolis, Marion County, 12 May 1932 — Page 14

PAGE 14

REPORTS from high schools and . colleges throughout the state indicate hard fights are being ataged bv large group* of aspiranta for places on the school golf team*. Golf has become on* of the popular apringrime prep sports. A chap who shoots out of the 70s hardly has a Rhost of a show in making the team * f any high school or college these days The No. I man is usually a par or subpar shooter. a a a Outt* t let f rinlr* s altarhrd l th Purdue-lndiana |II mjtrh at LaWfdaMif. Th* Rollrrmthrr team ■h"w#4 ?Mqrirlt In Hotfc the beat ball feuraame nlar and In alnrlea romDetltten. fatlae won th* duel meet ks a total aenre *1 IS'.--**-. Bill* Raaaelt and Rouaaeaa teamed In the marnlna rnond to defeat (nx and v n der "f Indiana, ?% t<* *4. D/nka and Harrell f Puritur hitewaah*d th'lr Crimson rlal* X to a. a a a Two Indiana olaver* name through with w n* m the ainelea hos ever. Cox deleat--Irr Ba.ae?t. --1 and Share Indiana defeating Parker o' Purdue 2-1. Diniia gave Purdue a bi~ push forward when he whitewashed Harrell. 3-0 Rousseau orov tried ’he inarsm of vinorv with a 2 to 1 win ever Pnvri-r maiunr the afternoon fa!!- rrad P ;rdue * lad.ana. 5. for the aincls cotnoetit:on a a a Brother Edwin's Cathedral golfers pave K.p Parr's Lebanon Tigers a 10 to 1' walloping at Lebanon Wednesday. Th® Irish whitewashed thru opponents in three of the four Connor. M O'Connor and .Johns winning over Wit* Stewart and Van Meter by the scores of 3 to 0 each. a a a Tb thrill of the matrh rame who Mahan Cathedral rnlfer, rame hnme to -la In even hi* maleh with Brown after helnt Sre down at the end of nine hnlea. The wmnta mere halved. I'- In I'r. a a a Terhnlral hich school ha* a great team this jnrine Tim Camnbell * first *ix bov* being dallv shooter' In the 70* Lieutenant George Navlor ha* hi* Shortridge team rounding into form ar.d the r.orthetriera scored imorer.five win? over Lebanon and Wiiev of Terre Haute last week Washington and Menua! always have sumatd'llar ma*h:e wielrler? the west aider bovs *ting much of their earlv training as eaddes at the five eotirve* located tn their home vicinity. a a a Mans funnv rn|f incident* haotten at Rnulh Grose. the Inruhatnr for the roll grrma. The other da* a foursome behind len Eorsvthe. well-known t*ollreman. eeuldn't figure out whv be didn’t get "IT the eighteenth green so thev rould drive from the tee. It later developed Forsvthe forgot himself and berime engulfed In hla ev-favorlle snort. fihtnr. He eoiildn’t resist rapturing some big fat night trawlers on the green. a a a The Caaualtv and Surelv Field Club hat ahlfted activities from Ihe bowling hardwood to the golf green* and held the first l five tournamrnts for the season this week at the Sneedwav rourae. Freeman P. bivi< of the Travelers rarrled off low gross honors with a 7-4. a verv rtasav rount over the long and well-tranned rare iraek links. Irwin W. Sturgeon of Aetna was second with an. a a a Ir. the blind nar division Art. Whittelonrf of Glens Fall* galloped home a winner with a low net rount and Tommy Duncan of Fidelity and Cecil Bevls of OU>be caotured other blind par awards. Bill Davies and Tom Crow lev. who are in charge of the tournament, announce the n*xt event for the first Mondav in June at Broadmoor.

Independent, Amateur Baseball, Notes, Gossip

St Paul Merchant* drurr road carries ; until Julv 3. when a home diamond will be available. Bedford Columbus. Medora. | French lies Martinsville and Fiftv-seeond i F' r ret Merchants, notice. Write Edgar Holden. St. Paul. Ind. Ace Club plava Phi Jjimbda Epsilon ! at Rf erside Kappa Alpha Phi tangles with Omega XI. ai Fortieth and Illinois, street Beta Phi Sigma battles Pill Rigma Chi at Riverside, and Alpha Omega take? on Chi Sigma Cht at Brookslde in ; Interfratcrni'v Indoor Baseball League tilts Find*' Phi Lambda Epsilon. Ace Club j and Alpha Omega are tied for the loop , lead with two wins each Kappa Alpha j Phi and Cl i Sigma Chi each has won one j and lost on. and Omega XI. Phi Stgnia l Chi and Beta Phi Sigma have lost two | each. Indianapolis Bulldogs would like to hook [ a game for Sunday with a team hating a diamond Write Jim Collins. M3 Kentucky a'cnue. or call Ri. J 056, ask lor George Bilcox 9 Leon Tailoring Company nine will practice Fridav afternoon at, Garfield park and amond No 3. Branham. Doll, and Thompson, notice. Leona will meet the Bowes Seal Fist nine Sunday at Ellen- . herger park In an important Big Six i league. Both clubs are tied for first j place and a fast game is expected The j iron Tailoring nine was formerly known as the Indianapolis Triangles. Irvington Troians will meet the Folks Milk. nine at Ellenberccr 6a.uroav. All Troian plavers are asked to report at the field hv 2 o m Brooks and Prater are reoue*’ed to call Bob Gladden at Irvington 3708. Cathedral pastimers forming one of the , favorite teams in ihe Catholic League. | won their third straight game Sunday hi defeating the Broad Ripple Transfer rune Maaelln pitched great ball, allowing on!'- four hits. He struck out ten. | The Cathedral hurier received fine support. O’Connor led the hitlers with two safetie* Cathedra! will open Its league season next Sandav placing the Question Marks of Sacred Hear! parish The Queslior Marks won the pennant last rear. Gate'erias will be striving for their third Municipal League victory Sunday at Broog-s-dc when thev thev tackle the PlannerBuchanan nine lon's or Kimble ind Bouse for Gaseterta. and Murrsv and Co<e for Planner-Buchanan, are the likely batSeries. There Is an onenir.c in the four-team Tnter-Cit\ kitten ball league that plavs on Tuesdays in the evening Peoria and Eastern railway. FVrnas Ire Cream and Union Title clubs are member* of the loon Anv team interested rail P B Heimlrk ! Rilev 3442 line 794. during th riai or Harrison 3982 after 4 p. m. An Industrial team i preferred. Indiana Bell Telephone nine will clash with Onion Stock Yards diamond crew at Riverside No 8 at 3 p. m. Saturday in a Co-Operative League struggle The Bell nine has two victories in as many starts this season, taking Irvington Trojans and rolk’s Milk teams into ramp They will hair Reynolds on the hill Saturday with Bolds oh the receiving end. Manager Rawlings ts confident of the third eonaecutlve win and continued league leadership. With Bullet allowing only two hits and striking out fourteen battera the Broad R’.pple Transfer nine lost a hardfought gam* to Cathedral. For games with the Transfers write Joe Oroaaart. 8148 North Meridian street, or rail Hu 3926 between 530 and 6 30. Road games are desired. Cliff Dlllinger. star pitcher of the OakfilU plashes let Fountatnetown down with two hit* as his mates hammered out a 13 to 3 decision to win their third conaecutne game The batting of Baurmss’er nd Ronk featured For gam** With Flashei in June write Fred Hastings 2011 North Tacoma avenue. Indtanapelit. Bowes Seal Fast will hold practice Fridav evening at S o’clock at Rhodtus park Th* Boses team will play Leon Tatlortng nine at Ellenberger Sunday. Fairmount Olass nine will play United Cab* Sundav at Riverside No. 3 at 3 r clock Hess will be on the mound with Murphv receiving All players report for lirsetice Fridav evening at 3 o clock at he plan' diamond McAdams take notice Due to the Rushvtlle Coca-Colas cancelling their game at t!i laat minute ihe Indianapolis Reserves are without a game for Sunday Anv fax’ state rlub wanting a game at Greenhouse nark. Indianapolis. write A Monroe. 3001 Roosevelt avenue or phone Ch 5411 Marriage Licenses Bdward Cunningham 33 of 3347 Linden St reel laborer and Bridget McOinley. 38. pf 333 Eastern avenue, boarding Oris B. Weaver. 38. of 133 North Capitol avenue filling station attendant, and Catherine M Yoeke.v, 11, el 833 North Capitol avenue Charles A. Reiners. 75. of Washington, clerk, and Margaret Aikman. 13. of Southfort. bookkeeper.

LIGHT SELLING FORCES WHEAT PRICES LOWER Easiness at Liverpool and in Securities Cause of Pressure. BY HAROLD E. RAINVILLE t'nited Frees Staff correspondent CHICAGO. May 12.—Wheat broke a major fraction on the Board of Trade at the opening today on scattered selling. There was very little support in evidence. Easiness at Liverpool and in stocks were the chief factors in stimulating pressure with nothing in the news to encourage buying. Corn was easy with wheat, but held up much better at the start. Oats was about steady in a dull trade, taking its cue from the major grains. Interest Is Lacking At the opening wheat was '•* to 1 cent lower, corn was ! * to % cent lower and oats unchanged to U cent lower. Provisions were slow and easy. Liverpool was about as expected, at mid-afternoon showing '* to rent lower. The relative indifference of outside interests to the bullish government report was charged to the unfavorable financial surroundngs and the desire of more assurance that the situation in this respect is improving. Manchuria is attracting considerable attention The Russian demand was not as prominent Wednesday and fewer advices from Canada indicated that there was a lull in Soviet buying. Weather generally was favorable over the entire belt. Corn Tone Strong Buying stimulated by the action in wheat gave corn a good tone Wednesday. The market showed a greater relative degree of strength than the former grain most of the ; session. The country is holding tightly to its old corn and while the eastern demand is light it is ample to cover receipts. The government's indication that a small crop of winter oats was likely in the south had only a slight effect on the futures. In the main, the action in The other grains is 1 the chief influence, Chicago Grain Range —May 13 — ! WHEAT— Prev. Hieh. Low. 11:00 close Julv 47% .56% .57% .87’. September ... .49% .59'. .59% .601* December ... .62% .13** .62% .63% CORN— Julv .33’* .33*. .32’* .33'* 1 September ... ,15'. .14’. .34'. 35% ; December ... .35 1 . .35 .3S’ .35'.* ! OATS-- ! .Julv 23’, 23 .33 .31', , September ... .33 .22 r .22’, -Sl?'* : Deoember 24% RYE—- , July 41', .41 .41 .41*, ; Beotember 42‘a .43'. December ... 44% .44% .44’, .... ! LARD - ;julv 4.12 4 15 ! September ... 4 28 4.27 Bv Timex CHICAGO. Mav 12 -Carlots: Wheat. 40: i corn 33; oats, 49: rve. 20. and barley. 10. i By Timex Hpecinl CHICAGO. Ms v ll.—Primary receipts: Whrat. 818 000 strain.*? 1,004,000: corn. 228.000 acainst 632.000: oat*. 183.000 acalnst 184.000 Shipments- Wheat. 378.000 against 1 1.558.000: corn. 319.000 aealnst 568.000: oats. 217,000 against 325.000. Hu Unitrd Prrxx TOLEDO. Mav 11.—Close Grain in elevator? transit billing Wheat—No. 3 red. 57%ft 58'ar. Corn—No 2 yellow. 34%1* 35%r Oat? No 2 white 27 ft. 28c Rve— No 2. 46%47c. Track orlees. 28’ac rate. Wheat—No 2 red. 52%ft.43c: No. 1 red. 1 cent nremium: No. 3 red. 'a to 3 cents discount: No. 4 red. 2' a to 4 cents discount. Corn- No 2 yellow. 304?30%e: No. 3 vel'ow. 29ft 29%c. Oats—No. 2 while. 24*i 25c No. 3 white. 23e.r 24c. CloverPrime. so. Al?ike—Cssh. *8.75. Butter— Fancv creamerv prints 23ft 24c. Errs— Extra? 12U ll%c. Hav—Timothv per cwt. 80 cents. : By T : nitrd Prexi ! CHICAGO. Mav 11—Cash Brain elose: : Wheat—No. 2 red 57%c; No. 3 red. 56’*c; No 2 mixed. 57’.e; No. 2 mixed smutty, i 56c Corn —No. 3 mixed. 31’e; No. 6 mixed. 31c: No. 2 yellow, 32'.*@ , 33c; No 3 vellow. 32ft32%c; No 2 whit*. 32'afit 33'.c: No 3 white 32ft 32%C. Oats—No. 2 white 24%24%e: No. 3 white. 23 24',e: No 4 white. 23c Rve—No sales. Barley—4Vi 50c Timothv—*2.7so3. Clover I— *9ft 13.50

Cash Grain

—May 11— The bid* for car lots of grain at the call of the Indianapolis Board of Trade, f o. b.. shipping point, basis 41%c Hew York rate, were: Wheal—No. 1 red. 47ft48c; No 2 red. 46ft 47c; No. 2 hard. 46ft 47c. Corn—Strong No. 2 white. 24%@2.4’ir; No 3 white. 23%024%c; No. 2 vellow, 23’-ft24%c No 3 vellow. ?2’.-0 23%c No. 2 mixed. 22%023%c: No. 3 mtxed. 21%® i 22' ic. Oat*—Firm: No. 2 white, 19%®20%C; , No 3 white. 18%ft19%r. Hav—Steady, if. o. b country points taking 23' e or less rates to Cincinnati or Louisville > No. 1 timothy. *707.50: No. 2 timothy. *6©6.50. —lnspections Wheat—No. 1 red. 1 car; No. 2 red. 1 car Total. 2 cars. Corn—No 3 white. 1 car: No. 2 yellow. 6 cars; No. 3 vellow. 3 cars. Total. 10 | car* 0t? No 2 white. 4 car*: No 3 white. 22 cars: No. 3 mixed. 1 car. Total. 27 I cr*

In the Cotton Markets

CHICAGO - Mav II High Low. Close. J*nti*rT .... 8 20 March 636 Mav .466 ! Julv 5 83 5 74 .4.77 October *0.4 5 06 5 98 December 6.18 *l3 6 14 NEW TORE High Low Clove. January * 20 6 17 * 14 March 6.37 6 27 6 29 Mar 4 60 5 S3 5 58 Julv 5.74 5 S3 S 67 October .4 98 5 88 .4 92 December 6 13 6.0> 6 07 NEW ORLEANS January 6.16 6 09 6 11 March # 29 6 26 6 26 Julv 5.74 5 63 5 68 October 5.95 5.8.4 .4 89 December 6.16 6 41 8.04

Local Wagon Wheat

Citv train elevators are oavmg 44c ftw No 2 red wheat, and 44c lor No. 2 hard wheat. Chicago Stocks Opening >B James T. HamtU * Cos * —Mav 12— Aendtx Avia .. 6 s * Trigoby Grunow. % Borg Warner .. 5% Swift * Cos ... 11% Cities Service.. 3*, Swift Inti 18% Cord Corp 2% Kidnaping Extortion Charged By T nitrd Prrx* BEEVILLE, Tex.. Mav 12.—Texas rangers today sought the source of alarming kidnaping threats reported made against a 20-year-old girl, and , the alleged payment of $2,500 by the girl's mother. Mrs. Ida Wood, said to have received the threatening note, refused comment. Princeton Professor Is Dead By Unitrd Prrxx PRINCETON. N. J.. May 12 —Dr. Charles Carroll Marden, 64. president of the Modem Language Association of America, died at the Princeton university infirmary here after an illness of one week.

New York Stocks 1,1 (Be Thomson A McKinnoni

—Mav 12— Railroad,— PreH!h Low 11 00 eloae Atchiaon 35% 33’, 34 36** Atl Coast Line.. . . 14 15 Balt * Ohio .. 6‘, B>. 6', 6’. Chesa A Ohio . IS*, IS', 15‘* 16 Chesa Corp ... ? Can Par 11** II II 1' Chi N West 4 4% CRI A P Del L A W 13 12% Del A Hudson 81 % Great Northern ... 16 Jla nilnoli Cnetral . 10, 16% 16% 11 Lou A Nash 9’. 16 M K A T 2% ... Mo Pacific ... ... 3** Mo Pacific old . . . S* 6 N Y Central... ll's IJ'> U* 13*a Nickel Plate .. 3 2 N Y N H A H 12% 11% 11% 11 a Nor Pacific . 9% 9% 9*. 9% Norfolk A West 83 82 83 83 Pennsylvania .. 10' 10 s , 10% 10 So Pacific .... 11% 10% 10’, 11% Southern Ry 4% St. Paul 1? 8t L A 8 F . ... 1% Union Pacific .... 51% 49 50% 53 Wafcash l’w ... Equipments— Am Locomotive. 5 Am Steel Fd 4% 4% Am Airbrake 8h <% Oen Am Tank... .. 13 14 Genera! Elec ... 14*. 14 14% 18 Gen Rv Signal 1* U Press Stl Car • 1% Pullman 15% 16 Westlnah Airb 10’, Westlnsh Elec.. 25% 24% 35 25% Rubbers— Firestone .. ... ... Ooodrlch 3% 3’, Goodyear 10% 11 Kelly Sprsfid 1 Lee Rubber ... ... 2% U S Rubber... 3% 3% Motor,— Auburn 36% 36 36% 37 Chrysler ... 8% 8% 8% B*, General Motor* . 11% 11% 11% 11% Graham-Pale* JJ* Hudson 4% Hupp ... 3 Mack 13% 13% Nash 10% 10% 10% 10% Packard 2% 2% Ren 1* 1 Studebaker 4% 4 , Yellow Truck 2 2 Motor Aeeeua— Bendlx Aviation. 6% •% *% *% Be.re Warner 5% .5 3 * Briegs % *% ,5,* El Auto Lite 13 12 a El Stoiaae B 1? 19% Honda 1 * J* Murray Bodv 4% 4% Stewart Warner 2% Minina— Am Metals ... Am Smelt 9% 9% 9% 9 Anaconda Cop... 5 4’ 5 5 Alaska Jun % 8% B’, 9 Ca! A Hec’.a ... 2% Cerro de Pasco.. B’, 6% *% 6 Dome Mine* 10 10% Freeport Texas. 15 15 Granbv Corp Ot Nor Ore Int Nickel .... 5% 5% 5% 5% Inspiration Kennecott Cop. 7% 7% 7% Nrv Cons 3% 3% 3% 3% NoranCa 13% Texas Gul Sul 17’, 16 U S Smelt 14 Oils— Amerada ... ... 16% Atl Refining .... 11% 11% 11% 11% Rarnsdall 4% 4% Houston 2 5 * Mex Sbd 8% 8% 8% 8% Mid Conti ... 4’, 4’, Ohio Oil 8 7% 8 7% Pan-Amer B 34% 34% Phillips 4 3% 3% 4 Prairie Pipe ... 6’, 6% 6% ... Pure Oil 4 1 , Roval Dutch I**4 18 Shell Un 3% 3 Cons Oil 5 4% 4% 4% Skelly 3% Standard of Cal 20% 20 20 20 Standard of N J 26 25% 25% 26 Soc Vac 8% 8% 8% 8% Texas Cos 11% 11% 11% 11% Union Oil 9% 9’* Steels— Am Roll Mills... 5% 5% 8% S‘ Bethlehem 13% 12% 12% 13% Bvers AM 8’? Colo Fuel 4% Inland ... .. 12% McKeesport Tin 38 38 Reptib lAS ... 3% U S Steel 29% 28% 29 29% Vanadium ... 7% 7% Tobaccos— Am Tob iA i new 65’, 68 Am Tob ißi new 68 67 67% 67% Lib 8c Myers *Bt 48% 49% Lorillard ... ... 13’, Reynolds Tob 32% 32% 32% 52% Utilities— Abltibi 1% Adams Exp 2% 2*k 2% 2% Am For Pwr 3% 3% Am Pwr & Li... 8% 7% 7% <}% A T A T 99% 98*i 98% 99’. Col Gas A EL. 8% 8 8% 8% Com A Sou 3% 2% ,2% 2% Con? Ga? 50’, 49% 50 50% El Pwwr A LI.. 6% 8% 6% 7 Gen Gas A . Inti T A T ... 5% St, 5% 5% Lou Gas AEI.. .. ... ... Natl Pwr A LI 12 12% No Amer Cos.. 24% 23% 24 24% Pac. Gas AEI , 26% Pub Ser N J... 44’* 44 44% 4.5 So Cal Edison 24% 24% Std G A El ... 16% 15% 16 16 United Coro *% *% Un Gas Imp... 17 18*, 16’, 17 Ut Pwr ALA.... ... ... J, West Union.... 22% 22% 22% 22 % Sbionine — ... Am Inti Corp % Inti Mer M ofd 3 United Fruit... 17 16% 16% 16% Foods— Am Sue 10Armour A r &::::::: :: ::: ;■! Cor* 1 Vo’lsi’. * Sj* Cont Baking A> 3’, 3% 3% 3% Corn Prod .... 35% 34% 34% 35% Crm Wheat M, Cudahv Pkg 26% Cuban Am Sugar . .... Gen Foods .... 31% 30% 30’, 31% Grand Union .5 Hershev "7% 58 Jewel Tea 22% 22% Kroger .. ... . • Nat Biscuit 35 34% 34% 35 Natl Dairy 32*, 22 22% 22% Puritv Bak ... *% Safeway St. .... 46% 45% 45% 46% Std Brands .... 13 11% 11% 11% Coty Inc” 38’, 38', 38% 38*, Industrial,— Am Radiator 4% 4, Bush Term * * Certainteed * Otis 1* * Indus Chems — Air Red 41% 39 40 41% Allied Chem 55% 54*, 54% 55% EXn^..:::::: 30% 39% 3 S s ‘. Union Csrb 19% 18 s , 18% 19 U S Ind Alco 18% 18% Retail Stores— Assoc Dry Gds.. .. 3% Gimbel Bros 1% •• Kre*ge S S 10% 10% Mav D Store 12’, 12% Mont Ward ... 7% 7 7% 7% Penny J C 33% 22% 22*, 23 Schulte Ret St. . . l’s Sears Roe 18 11% 11% 1* Wooiworth 32% 31% 32’, 32', Amusements — Crosley Radio 3% Eastman Kod... 46% ,5% 4.5% 48% Fox Film A 3% 2 Grigsby Gru ’ ’, Loews Inc 23% 22% 22’, 33% Param Fam ... 1% 3% 3% 3% Radio Corp 4% S’, 4 4 R-K-O 2% 3% 2*. 2% Warner Bros ... 1% 1% Miscellaneous— Citv Ice A Fu.. 18% 18% tB% 18% Proc A Gam .. 30% 30% 30% 30 s , Allis Chal 8 8% Am Can 39 5 , 39 39% 39’, J I Case 23% 22% 22*, 33% Cont Can 25% Curtis, Wr 1% 1 1 I*, Gillette SR ... 14% 13 s , 14 14% Gold Dust 12% 21% 12% 12*, Int Harv 17% 17% 17% 18% Int Bis M 82% 82% Real Silk 4% 4% Un Areft Bs,8 s , 7% 8 8% Other Livestock Hu I nifed Prrxx TOLEDO. Mav 12.—Hobs—Receipt* 200: market. 5c htßher on lights, top. *3.25*5 3 35: mixed. 13.15A3.35: bulk. $9.15453.35: nies s3s 3.10: Uehtt. 83413.10: roughs. 82 fc 2 25. Cattle—Receipt*, light; market, steadv. Calves—Receipts. light: market, steadv. Sheen and lambs—Receipts, light: market, steadv. By f niled Prrxx PITTSBURGH Mav 12.—Hogs—Receipts. 2 300 market, mostjv steady to 5c higher: 150-210 lbs . 83.65M3 90: 210-240 !b.. 83.35 vr3.60: heavier weights. *J3.35: 100-140 lbs . 83 25*53.60; most packing sows. 82 25 45 2.50 Cattle—Receipts. 10: market, nominal: medium to good steers quoted 85.15*56 70: heifers. 54.30*i5.50: medium ’o sood cows. 83 IS© 4: plainer grades down to tl 50: common and medium bulls. 82.75 f? 3.50. Calves—Receipts. 200: market, slow: st*advt good and choice vealers. 84.7515 6. Sheet?—Receipts. 1.200: market, lambs, verv slow: asking about steadv; choice shorn kind held around. 85.’50*56. Bv United Prtsx EAST ST LOUIS. Mav 12.—Hogs Receipts, 8.500: market. S*Hsc higher, to 83 45: most 150-330 lbs . 53.35Q3.45: 330300 !bs . 83.20 0 3.35: 100-140 lbs.. 8303.30: sows. 82 40492.60 Cattle—Receipts. 1.700: calves. 800 market, opening slow: indications about steady on steers: 25c higher on vealers at 85 50: other clasaes mostlv steadv: lew mixed yearling? and heifers. 14 500 5.75; rows. 82 6503.50; low cutters. 81250 1.75: too aausage bull*. 83 Sheep— Receipts. 1.500. market, spring lambs opening steadv to strong packer* talking sharplv lower, early bulk. 86.75 07.50; top. 87 7} thro* outs down to 84 50 NEW YORK COFFEE RANGE -May 11Hlgh Low Cloa*. i March 6 48 6 47 6 47 1 July > * 68 6 66 * 66 September 6 56 6 55 6.56 December • 6.49 6.47 # 47 RAW at’GAR PRICES —May 11— High. Low Close. March Js J 1 81 May .55 .51 .53 July M .81 Ml , September 71 .68 .88 December 73 ,73 .73

THE INDIANAPOLIS TIMES

PORKERS SHOW FIRMER TREND IT CITY TAROS General Trade in Cattle Slow: Sheep Action Undeveloped. Ho?? showed a slight inerpayp In strength this morning at the city yards, a few small lots selling up 5 cents from Wednesday's average levels. The bulk, 100 to 350 pounds, sold for $3.10 to $3.40; early top holding at $3.45. Receipts were estimated at 5.500; holdovers were 96. General trade was slow in the cattle market, with indications weaker. Receipts were 700. Vealers were steady at 5.50 down. Cali receipts numbered 600. Trade was undeveloped in the sheep market. The undertone was steady. Receipts were 800. Generally asking on hogs at Chicago this morning was around 5 to 10 cents higher than Wednesday's average, while a few early bids were steady to strong. Weights scaling 170 to 200 pounds were bid $3.50 to $3.60: best kinds held at $3.70. while nothing was done on heavier weights. Receipts numbered 22,000. including 10.000 direct; holdovers, 4.000. Cattle receipts. 4.000: calves, 2.500: market steady. Sheep receipts were estimated at 12,000; market stationary. HOGS Mar Bulk Earlv Tod Receipts 5. 83 35 4; 3 75 83 75 6.000 6. 335 j 3.75 375 4.500 7 3.350 3.75 3 75 2.500 9 3.204* 3.60 3 60 JO 000 10 3.100 3 50 3.55 8.000 It 3 10 340 6.000 12. 3.100 3.40 3.45 5.500 Reeelot*. 5.500: market, higher. (140-1601 Good and choice...B 3.40 - Light Lights—--1160-1801 Good and choice. .. 3.400 3.45 —Light Weights—-(lßo-2001 Good and choice... 340 t? 345 ’2OO-220' Medium and good .. 3.300 3.40 Medium Weights—-(22o-250' Good and choice... (250-290i Medium and good .. 3.100 3.20 Heavy Weights—-i29o-350i Good and choice... 3.00*3 3.10 —Packing Sows—-(lso-5001 Medium and g00d... 2.250 2.<5 (100-130) Slaughter pigs 3.150 3.30 CATTLE Receipt*. “00; market. Mead*. Good and choice 8 5 750 7 50 Common and medium 3.500 5.75 1.100-1.800) Good and choice 5.750 7.50 Common and medium 4.500 5.7a —Helfera— Good and choice 5 250 8.50 Common and medium 3.50a 5.20 Good and choice 3.250 4.50 Medium 2.750 3.25 Cull and common 1 50 0 2.75 —Bulls (yearlinrs excluded!— Good and choice beef* 3.000 3 75 Cutter, common and medium 2.00 0 3.00 CALVES ANB VEALERS Receipts. 600; market, steady. —Vealera— Good and choice 8 5.00 0 5.50 Medium 3.500* 5 00 Cull and common 3.00 0 3.a0 —Calve*— Good and choir* 3 500 5.00 Common and medium 2.50® 3.50 —Stocker and Feeder Steer,— Good and choice 4.500! 6.00 Common and medium 3.50 0 4.50 1600-1.500) Good and choice 4.500 6.00 Common and medium 3,500 4.50 RHFEP AND LAMBS (Shorn Rasis) Reeelpt*. 800: market, steady. Good and choice 8 8.000 6.50 Soring lambs 5.000 7,50 Common and medium 4.00® 6.00 Ewes, medium and choice... 2.00 0 2.7a Cull and common -.50® 2.00 Other Livestock By United Prrxx CHICAGO. Mav 12. Hogs—Receipts. 22.000. including 10.000 direct: steady to 10c higher; 170-210 lbs.. *3.500 3.60. top. $3 65: 220-250 lbs.. *3.35 0 3.55. 260-310 lbs., *3.25 Q 3.35: 140-160 lbs., *3.400 3.55: pigs. *3O 3.5: packing sows. *2.8003: light light*. 140-160 lbs . good and choice. 53.40ft3.6C: lightweights. 160-200 lbs., good and choice. 53.45ft3.65: medium weights. 200-250 lbs.. food and choice. *3 400 3.65 heavyweight*. 50-350 lbs . good and choice. *3.1503.50: packing sows. 275-500 lbs., medium and good. *2.750 3.15: slaughter pigs. 100-130 lbs., good and choice. 53ft3.40. CattleReceipts. calves. 2.500; more active trade on fed steers and yearlings strong: light heifer and mixed yearllnj:.' showing mild strength: other classes firm: early top light and medium weight steers. *7.10: slaughter cattle and vealers: Steers. 600900 lbs., good and choice. *5.750 7.25: 9001,100 lbs . good and choice. 55.75 ft 7.25: 1.100-1,300 lbs.. Rood and choice. *5.75ft 7.35: 1.300-1.500 lbs., good and choice. S6ft 7 35- 600-1.300 lbs., common and medium. $4.250 5.75: hellers, 550-850 lbs . good and choice. *SO 6.25; common and medium. 83.50 05: cows, good and choice. 83.50 ft 4.75: common and medium. *2.soft 3.50; low cutter and cutter cows. *1.25 0 2.50: bulls, yearling* excluded, good and choice, beef, $304.25; cutter to medium, 82.50ft3.10: vealers. milk led. good and choice. *54/. 6.50; medium. 84 50 05; cull and common. $34i4.50: stocker and feeder cattle' Steers, 500-1.050 lbs , good and choice. *4.154/6: common and medium. *3.soft 4.75. Sheep —Receipts. 12.000: spring lambs mostlv steadv. other classes not established; good to choice native springers, *7O 7 50: holding best wooled lambs around *6 50: clippers verv scarce: slaughter sheep and lambs: Spring lambs, good and choice. *7O 7.85: medium. *5.50©/: common. *405.50: lambs. : 90 lbs. down, good and choice. *5 2506. ; medium. 54.50 0 5.25 ; 91-100 lbs., medium to | choice. $4 250 5.85: all weights, common. $3 500 4.50: ewes. 90-150 lbs medium to, choice. 8102.25: all weights, cull and, common. 50c© *1.50. By T ailed Prrxx EAST BUFFALO. May 12 —Hogs- On sale. 2.200: market, fairlv active to pack- ; ers: steadv at. recent decline: good to choice 150-240 lbs.. *3.750 3.85: 253-260' lbs.. SS.SO’Sa.SS: pigs *nd underweight*. 83.60f13.75. Cattle—Receipts, 200; market, steers and vearling*. 250 40c under Monday’s average; good to choice yearlings, steers and heifers. $6 250.6.50: plainer , kinds. *4.5005.70; cows. dull: cutter j grades. *1 500 2.25. Calves—Receipts. 150; I vealers. draggv: asktng steady at *8.50 ; down, bidding *6 down. Sheep—Receipts. 1 150: vealr.rs. draggv: asking steadv at *6 50 down: bidding *6 down. Sheep—Receipts. 1.000; lambs, steady to slightly low er: good to choice shorn iambs lenientlv sorted, *6. choice quoted *6 3.4: throwouts. *5: lew good above springers. *B. Bv United Prrxx LAFAYETTE. Ind.. Mav 12.—Hogs— Market. 5010 c higher: 160-200 lbs.. *3.35: 200210 lb? . *3.15 310-225 lbs.. *3 10; 225-235 lb.*.. 33 05 235-250 ]l> . *1: 250-275 lbs . *2 95: 275-300 lb.*.. *2.90 300-325 lbs . *2 8.4. 300-335 lbs.. *2 85: 140-160 lbs.. *3; 120140 lbs.. *2 90: 100-130 lbs. *2.75: light roughs. *2 50: heavy roughs *2: top calves. *5; top lambs. *6: spring lamb*. *7. By Timex Sprrinl LOUISVILLE. May 13.—Cattle—Receipt*. 150; steadv; bulk common and medium slaughter steers and hellers, *4.50 0 5.24; food and choice eligible to around S6; eef cows mostly *3ft3 SO: low cutters and cutters, *1.2502.50; bull* largely *3 25 down; most light Stockers. *4 5005.25: calves, receipts. 300; steady; choice vealers. *4 0 4.50: medium and outs. *3 down. Hogs—Receipts. 600; steady; 170-320 lbs., *3.15; 225-255 lbs.. *2 85; 260-295 lbs.. *2 50 : 300 lbs. up. *2: 140-160 lbs., *2.55: 135 lbs down. *2.15: sows. *101.75. Sheep —Receipts. 1.500: market, not established: better spring lambs, ready of *7.75 to mostly *8.25. with biding 2Se or more lower: eld crop sheep ana lambs, steady. Wednesday’s shipments—Calves. 205; hogs, 161, and sheep, 1.452. By United Prrxx CINCINNATI. O. May 12—Hog*—Receipts. 4.600. includ'ng 1.370 direct: heldover. 380: moderately active, steady to 5c higher: better grade 160-335 lbs . S3 50ft 3 65; mostly *3.65 on 220 lbs. down; heavier weights uneven; 230-260 lb.. 83.25 ft 350 . 250-275 lbs.. *3 150 3 25: some 300 lbs down to *3 125-150 lbs., *3 40, *ow*. *2.25 0 2 50 Cattle—Receipts. 850; calves, receipt.*. 450 very slow: about steadv on the few- sales made: some bids lower on food steera: odd lots, common and meium steer* and helfera. *4 50 0 5.50: a few better grades upward to *6; beef cows. *3.2Sftf 7S: low cutters and cutters. *1.750 3: bulls. *3.50 down: vealers. strong to 50c higher: good and choice. 85ft6: mostly *5 40 up: lower grades, lareerlv ] *4 50 down: some *5 Sheep—Receipt*. 800 about steadv: better grade spring lambs. *BOB 25 choice up to *8 .40: common and medium. *607: plainer throw outs, downward to *5: sheep in narrowdemand: fat ewes, mostly $101.54. Bv United Prrxx CLEVELAND. Mar 12.—Hoes—Receipts. 1.400: holdovers non* steidv to 10c hither: 140-230 lbs. *3.70: 240-300 lb*.. *3.500 3 80: pits *3 50 Cattle—Recem’s. 350 generally weak to unevenly lower, scattered cutter to medium steera. *4.25 5 65: bulk. *505 10: cows. (1 750 3 and above. Calve*— Receipts. 640, active strong: v**ier* freely at $6.80; oracucal too. 81: little under $5. Rheeo— ReeiepU. 704: steadv to weak: nearly good clipped lamb*. *5.250 5 50: throouu around. *3® 4, is* filua spring***. $*

BELIEVE IT or NOT

HBtt The. Soldiers’ in Bangkok hjjf/ HONORS TH£ OF ONE MAN / L °^ T BUT ° N£ sol "° lEß " H ™ e TUEPHONE Book I Small change on the island of Vap ~ — * The native currency consists of large stone oiscs 6 nr. m diaweter and WEIGHING 2 TONS

Bright Spots of Business

Rv United Pre** NEW YORK. Mav 12.—United Btatea Freight Company earned a net income of *650 in the first quarter, against a net los? of $116.148 in the first three months of 1931. WASHINGTON—The April gain in department store *ale* throughout the country wa* considerably larger than the estimated seasonal increase, according to the federal reserve board. DENVER- Mountain State* Power Company reported net income for 1931 was $373,438. or *7.03 a preferred share, against *371,841, or *6.98 a share in 1930. PHILADELPHIA—Northern Pennsylvania Power Company earned *5.48.325 in 1931. a gain of $14,409 over 1930. it was reported.

Investment Trust Shares

(By James T. Hamill A: Cos l PRICES ARF. TO 12 NOON. —May 12Bid. Ask. Am Founders Corp com % % Amer and Gen Sec A 2 3 Am Inv Tr Shares 1% .. Collateral Trustee Shares A.. 2 s , 3% Cumulative Trust Share? .... 2% 3% Diversified Trustee Shares A.. 6 Fixed Trust Oil Shares 1% ... Fixed Trust Shares A 5 Fundamental Trust Shares A 2% 3 Fundamental Trust Shares B 2 s , 3 Leaders of Industry A 2% 2 s , Mass Inv Trust Share.* 13 13 Nation Wide Securities 2'* 2 s , North American I'r Shares... 1% 3 Selected Cumulative Share? . 1% l’s Selected Income Shares. 2% 2 s * Shawmut Bank Inv Trust ... 1 Std Amer Trust Shares 3% 2 s , Super Corp of Am Tr Shares 2 ?% Trustee Std Oil A 2% 3 Trustee Std Oil B 3% 3% U 8 Elec Light At Pwr A 12 13%

Produce Markets

Delivered in lndlananolls prices: Hen*, heavy breeds, lie; Leghorn hens. 9c: Broilers, colored springers. 2 pounds uo. 17c: Leghorn and black. 1% pounds upi 14c: bareback and partly leathered 10c. Cocks and stags. 4c: Leghorn cocks. 3c. Ducks, large white full feathered and fat, 7c: small. sc. Geese full feathered and fat. 5c Young and old eulneas. 15c. Eggs— No. 1 current receipts, 10c. Butter. 26 to 27c; undergrade*. 24 to 25c. Butterfat 22c These prices for healthy stock Ire* from feed bv the Wadley Company. By Unitrd Prrxx CLEVELAND, Mav 12—Butter—Market, steady: extras. 12%c; standards. 21c. Eggs - Market, steadv: extra firsts. 12%c; current receipts. 12ft13%c. Poultry—Market, steadv; heavy fowls. 15ftl6c; medium fowls 166/17c: Leghorn fowl*. 13ft 14c; heavy broiler.*. 21 ft23c: Leghorn broilers. 17619 c: ducks. 12014 r: old cocks. 10c: geese. 8r Potatoes—Ohio. New York. Pennsylvania. 50 0,70 c. per bushel; Maine Green Mountain, *1.2501.35; few *1.15 per 100-lb. sack: Idaho russet large sized. *1.65 0 1.75: medium to large. lew $1.60 per 100Ib. sack. Hu I nitrd Prrxx NEW YORK. May 12 Potatoes—Market. steadv: southern. $4.50ft8.85 per barrel: Idaho. *2.150 2 40 per sack: Bermuda. S6.soft 8.7.4 per barrel: Maine. (1.1002.25 per barrel: Canada. *1.3502.50 per barrel. Sweet potatoes— Marke'. steadv; jersey baskets. 35cft*1.50; southern baskets. 65cft *l. Flour—Market, quiet; spring patents. *4 3004.50 ner barrel. Pork—Market, dull: me?.*. *16./5 per bushel. Lard—Market. eater: middle e*t spot. *4.400 450 per 100 pound? Tallow—Market, quiet: special to extra. 2%ft2%c: per pound. Dressed poultry-Market, steady: turkeys, 140 30c; chickens. 15027 c; broilers, 15ft 28c; capons. 18ft3.5c: fowls. Bft2ot; Long Island ducks. 14%ft15c. Live poultry— Market, dull: geese. 7ft 12c: duck*. *®l3c: fowls. 15018 c: turkeys. 15ft25c: rooaters. 10ft 11c: chickens, pullets. 26ft28c. broilers. 140 27c: capons. 25c. Cheese—Market, dull: state whole milk farcy to special. lO%019%c; Young America, 11%ft12%c. By United Prrxx CHICAGO. May 12.—Eggs—Market, steady: receipt*. 19.667 cases, extra firsts. 13%013’tc: first*. 12%013’c; current receipt*. 110 12c: seconds. 10ftl0%c. But-ter-Market, steady: receipts. 6.266 tubs: extras. 17%e; extra first*. 16%ft.17e: first*. 16016%c: seconds. 14ft 15c: standards. 17c. Poultry—Market, steadv; receipts, no cars in. or due: fowls. 13ft 16c: Legharns. 12%c: duck*. Ilftl3%c; geese, ic: turkev*. ’.sft 20c: roosters, broilers. 18ft 22c; Leghorn broilers. 17c: stags. 17c. Chegse—TTwins. 10ft 10%c; Young America*. 10%ftllc. Potatoes—On track. 269: arrivals. 92: *hipments. 791. market, dull, weak; Wisconsin Round Whites. 800 85c: Idaho Russe’s. *1 200 1.35: Minnesota and North Dakota Cobblers. 80085 c: Louisiana Triumph* *2.75 0 3.

New York Curb Market

tßv Thomson * McKinnon/ —Mav 12— . noo noo Alum Cos of Am 27% Gulf Oil 29% Am Cranamtd. 2% Hudson Ba v 1% Am G A: Elec.. 26% Humble Oi! 40 Am Lt A Trac.. 15 s , imp Oil of Can 8 Am Sup Pwr .. l’a Int Pet 10’* Brar Pwr * Lt 8% Ifidweat. Util... % Cent Bts Elec.. % Mo Kan Pipe .. % Cities Service. S’ Mr Prod 2% Comm Edison.. 69 Nat Aviation . . 3% Kec Bd 8 8)1 12 Ni* Hud Pwr 4% Ford of Can 7’, Niles 6 Ford of Enc.... 3% Penroad 14* Fox Thee % Std of Ind . 1 Goldman Sacha I’, std of Ohio ... 24% Ot A* P 125 Un Gas A 1% New York Liberty Bonds —May 11— Liberty 100.22 Liberty Ist 4% 47 101.20 Liberty 4th 4%i 38 102. tt Treasury 4%* 52 105.20 Treasury 4a ’54 102.12 Treasury 3s '55 93.10 Treasury 4’,* 56 100.13 Treasury 3**s '47 98.31 Treasury l%i ’43 /March* 98 31 Treasury 3% 43 tJuaei M-31

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 Wednesdays Times: Modem Stone Age Men—Anthropologists claim that Australia is the real cradle of humanity, and that the Australian black fellow is the true ancestor of mankind. The Australian aborigines * are a vanishing race, numbering about 60,000, according to latest statistics. In the unsettled areas of Australia, the tribes still lead their primitive lives, devoid of clothing and using the primitive implements of the Stone Age about 100.000 years ago. They smear themselves with queer substitutes for paints and powders, with fantastic effects. The Color of the White Elephant—The so-called white elephant. sacred to ihe Burmese and Siamese, represented on the Siamese flag, may be rare and sacred, but it certainly is not white. I saw the sacred specimen maintained in the king's stables at Bangkok. When I remarked that the white elephant really was brown in color with blotches of pink on its skin. I was informed that the term “white elephant" is a misnomer, due to a mistranslation of the Siamese word for "blond," the color the spots on head and trunk. The blotches are caused by a dermal disease, affecting the color of the elephant's leathery skin. Friday—A Meat "Courted" exrhampion.

The City in Brief

FRIDAY EVENTS Indiana Counril On International Relation*. conference, all day. Clavpool. " Exchange Club luncheon. Washington. Optimist Club luncheon. Clavpool Allruaa Club luncheon. Columbia Club Sahara Grotto luncheon. Grotto Club. Reserve Officer*’ Association luncheon. Board of Trade. Francis S. Xipp was named chair-, man of the board of control of the Arsenal Cannon. Technical hlghj school student publication, Wednesday. Officers on the board are! James Burrel. vice-chairman, and Katherine Ro6s. secretary. Reith-Riley Construction Company, Goshen, has been awarded a $175,603.50 contract, by the. state highway department to pave 12.4 miles on Roads 6 and 43 in La Porte county. J. M. Henninger. Indianapolis artist, gave an informal talk on "Modernists and Conservatives in Contemporary Art." at the SpinkArms art exhibit Wednesday afternoon. "Character Analysis" was the sub- 1 ject of John D. Jensen, speaker for the meeting today of the Advertising Club at the Columbia Club. J. J. Fitzgerald, secretary-treas-urer of the Grain Dealers’ National Mutual Fire Insurance Company is . in San Francisco attending the con- ' vention of the Chamber of Commerce of the United States, as a delegate of the Indianapolis chamber. Business meeting of the Riverside Democratic Club will be held at 8 tonight in the Olympic Club. East Riverside drive and Pruitt street. A number of Democratic candidates will be present. Entertainment and refreshments will follow the business session. The meeting will be open to the public. Hovey Reli*f Corp No. 1926 will meet at 2 Friday afternoon at Ft. Friendly. 512 North Illinois street.

New York Bank Stocks

'Bv Thomaon A McKinnon• —Mav Bid. Ask Brooklyn Trust J7JJ I*4 Centra! Hanover 109 113 Chase National 30% 32% Chemica: 31 , City National 34 38 Corn Exchange 49% 52 j Ftrat National I *}? 1 125 Guaranty 331 238 Irving i*i * 1 Manhatten ACo 20% |2% Manufacturers 33 * *5 * New York Trust 71 74 Public 32%

KerGtered O. 8 JLF A Fatrnt Office RIPLEY

Dow-Jones Summary

Coca-Cola International Corporation declared the usual extra dividend of 50 cen'*, and regular quarterly dividend of *3.50 on common slock, pavable July 1. of record June 14; corporation report.* for quarter ended March 31. 1932. net come of $841,847 after expenses, against $851,432 In first quarter of 1931. National Fond* Product* Corporation report* for year ended Dec. 31. 1931. net los* amounting ta 190.821 after eapense* and interest, but exclusive of *373.51.4 In * on ale of investment* which was charged against reserve therefor. Burnish Oil Company declared the final common dividend of 12% ten's |e? >ax. the same as was declared In previous year. Crude oil deliveries bv nine companies In Standard oil group ’ averaged 277,812 barrels daily in April, an increase of 19.104 over March, but 424 barrels less than April 1932. United Btiaines* Publishers tn March quarter showed net loss totaling *4O 264 after all charge?, against ne/ Income of *64.346 in March 1931 quarter. Cavanagh Dobbs Ine. In four week* ended Feb. 29. 1932. reported net los* of *287.383 after charge*. Ulen A- Oc. In March quarter showed net profit of *85.721 after los* on securities sold, expenses. Interest, charges and net loss of *49.994. after direct charges and adlustments nf surplus account, again.*’ net income of *170,363 In March 1931 quarter. Merchants and Manufacturers Securities Corporation in vear ended March 31 reported net loss of *174.734 after all charges, against net profit of *648 674 in previous year. New York Central fn March reported net Inrome of *893.577 after charges, against $1,250,303 in March. 1931. Western Union Telegraph Company tn March reported net income of *307.408 after taxes and charge*, against *744.787 in March. 1931: three month? *BB.OBB. against *1.206.185. Chicago Eastern Illinois In March showed net loss of *171.997 after charges, against *232.406 in March 1931; three months *813.585 against *995.126. Pittsburgh and Lake Erie in Marr-j quarter earned 35 cent* a share, against 98 eents In March 1981 quarter. Rutland Tailroad in March quarter reported net. los* of 340.767 after charges, aoainst *106.474 in March 1931 quarter.

Net Changes

By United Prrxx NEW YORK. May 11.—ClosinR prices and net rhantre.* on principal issues traded on the New York Stock Exchange today: Un off Allied Chemical .... .45% % .. American Can 39’* ... % Amer Te! A Tel 99% ', Auburn Auto 37 % Beth fitee! 13% •’ Case J I j...... 23% % . . Consolidated Gas .40% % Du Pont .. 30% % Ger. Electric ... 14% % . . Gen Motor* , 11% % Knnecott 7% Montgomery Ward 7% % National Biscuit 3.4 % New York Central 13% . . ’ Paramount v 1% ’* ... Pennsylvania 16% % Public Service 4|S % Radio 4 Sears Roeb-jck 18 Va ... Standard Oil Calif ..20 % Standard Oil New Jersev.. 3* % ... Union Pacific 52 W.. ’ United Aircraft 8% 1% ... U S Steel 29% Tl. % Vanadium 7% ... % Weatinghouse Electric .... 25% % Wooiworth 32% 44 y.. FILE CAMPAIGN COSTS Some Accounts in, but Candidates Have Until June 3 to Report. With several primary campaign expense accounts already filed. 1 Glenn B. Ralton, county clerk, announced today that candidates hav® until June 3 to list accounts. Largest amount filed Tuesday ws3 that of Bruce Short. Democratic candidate for re-election as county surveyor, who spent $400.60. He gave SIOO to the Democratic county committee.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YOttft.. MEMBERS S* York atoch Klflusi# rhi-agn Mark Eirhqngs New York Caftan Exrbnnga Chicago Board of Trade New fork Cnr I* Association Rooms 200-214 Circle Tower Telephone Lincoln 5561

MAY 12, 1932

SLUMP IN RAIL LIST WEAKENS STOCK MARKET New York Central Leads in Downturn, New Record Low Made.

Average Stock Prices

Average 0 f thirty indu.trll* for Wednesdey 57 83 uo .15 Averste or twentv rail* 20 58 off 32 Average of twenty utilttie* 24 sfl. off 12 Average of forty bonds 73.95. up 46 BY ELMER C. WALZER United Press Financial Editor NEW YORK. Mav 12 —Scattered selling in the railroad stocks which sent many of them to new low levels unsettled the stock market today. Losses In most cases *er<* small, but were sufficient to wipe out the advantages gained during the past few days of firm prices. In only a few instances did losses run beyond. Trading continued to drag. Holders of various leading railroad stocks liquidated their securities with little regard for price, the omission of the New York Central dividend Wednesday and indications of a slash in the Union Pacific payment today having shattered confidence. New York Central was a leader of the downswing, breaking a point to another rerord low at 12%. compared with its bull market high of 256 'j. Northern Pacific sold at 9%, off *; Louisville A: Nashville at 9%. off %; Southern Paciflr at lON. off %. and Chicago Be Northwestern at 3%, off %, all new record low levels Anticipating a cut in the dividend rate and reflectine ihe sweeping decline in the open market value of its holdings of New York Central. Union Pacific sold down more than 2 points at one time. The Union Pacific dividend was cut from $lO to $6 annually by the declaration or a quarterly dividend of $1.50 a share. The action was in line with expectations. Oil shares were steady at sfightly lower levels, but there was little feature to the trading in other sections of the list. United States Steel sold off a point and similar losses took place in other leaders. Other markets declined with stocks, prices not being helped by assurances that Great Britain was carrying out a credit expansion program similar to that being conducted in this country. Grains lost their improvement of the previous session and bond prices softened.

Bank Clearings

INDIANAPOLIS STATEMENT —May 12— Cl??ring* *2 (126.900 on Debits 4 6.49,000 00 TREASERY STATEMENT —Mav 12— Nr* bslsnr" for M*V 10 *483.964.396 71 Exnrnditurrs 16.081.325 % Customs rects. month to dat* 5.729.252 41

Foreign Exchange

■Bv Jim?.* T. Hsmtll A- Cos -Mav 12— _ _ Onrn Stirling. England 3 67% Franc. Francs 0394% Lirr. Italv 0,41.4% Franc. Belgium 1406 Mark. Germany 2362 Guilder-. Holland 4050 Peseta. Soatn ngo9 Krone Norwav 1955 Krone. Denmark 2012 Yen. Janan 3200 SCHOOLS SEEK TROPHY Drill Companies Will Pass in Review Before Judges. Technical, Shortridge, George Washincton, and Manual Training high schools' drill companies. Friday will pass in review before judges in the Reserve Officers' Association drill contest on the World uar memorial plaza. A trophy is awarded each year to the best drilled unit, and permanent possession of the trophy is given for scoring three successive wins. Washington high school was last year's winner. In the Air Weather conditions at 9 a. m.: North northwest wind, thirteen miles an hour; temperature, 55; barometric pressure, 29.99 at sea level; ceiling, overcast, lower broken clouds, light fog, estimated 190 feet; visibility, two miles: field, good Open Boys’ Air School Bv t mtrd Prrxx CHICAGO. May 12.--Opening of an aviation school for under-privi-leged boys in the Chicago area was announced today by Cardinal Mundelein. The school which at first will offer only ground courses will b part of a technical institution sponsored by the Catholic church.

BREED, ELLIOTT & HARRISON Established 1312 109 N. Pennsylvania St. street Floor Indianapolis GOVERNMENT BONDS INDIANA ROAD BONDS SCHOOL BONDS REAL ESTATE PREFERRED STOCK* jtpINT STOCK LAND RANK JONDS Corporate Trust Shares Trustee Standard Oil Shares