Indianapolis Times, Volume 44, Number 7, Indianapolis, Marion County, 19 May 1932 — Page 12

PAGE 12

STEEL SHOWS STRENGTH AS LIST SLUMPS Utilities, Rails Slip Back After Early Gains; Trade Light.

Average Stock Prices

Aver**# of thirty industrials for Wednesday 52*4, off 1 30. Anrtn of twenty rail* 17.67. off 4*. Average of twenty utilities 33 M. off .63. Average of forty bonds 7119. off 23 BY ELMER C. WALZER United Frees Financial Editor NEW YORK. May 19— United Butes Stel common stock maintained a steady tone today a* executives of the nation's steel corporations expressed confidence in the future of the industry. Elsewhere in the list, however, selling was resumed and prices eased fractions to 2 points. Trading continued light. Several inactive issues were thrown on the market at concessions ranging up to more than 30 points. Utilities again were depressed after exhibiting a steady tone in the earlier trading and rails slipped back small amounts. New Lows Made In the utility division new lows were made by the North American at 19off 1%, and Standard Gas at 10*2, off **, while Electric Power and Light equaled its low at 5. Atlantic Coast Line omitted its dividend and the stock eased only fractionally, indicating the omission had been anticipated. Ixjew’s dropped nearly 2 points to anew low at in the amusement division. Wool worth lost an early gain and slipped below the previous close. Case was down fractionally despite fractional gains in the grain market which this issue usually follows. Bonds Sell Down Among the inactive issues to make wide declines were Kress Department Stores preferred 19%, off 10%; Bush Terminal preferred 36%, off 32%; Kelly Springfield 6 per cent preferred. 30, off 6; Spalding preferred 50%, off 3. United States Hide 6c Leather prior preferred soared 5 points to 60, a notable exception on the upside. The bond market again was depressed with railroad issues heavily sold in several instances. Texas & Pacific issues were weak, the 5s of 1977 dropping 17% points to 28. and the 5s of 1980 breaking 19 points, also to 28.

Bank Clearings

INDIANAPOI IS STATEMENT —May 19— Clearings *1.916.000 00 Debit* 6.651.000.00 TREASURY STAnMENT —May 19Net. balance for May 17 *494.610.466.79 Expenditures 11.108.453.81 Customs rects. mo. to date.. 9.654.365.95

New York Curb Market

ißy Thomson Ac McKinnoni - Mav 19— 1100 11:00 Alum Cos of Am 34 Ford of Eng ... 3' x Am Cvanamid .. 3> Int Pete lo 1 . Am Gas It Elec 34’ Nat Aviation .. 3's Am Sup Pwr... lVNta Hud Pwr 1. 4 Ark Gas <Ai... I'. Niles 5% Braz Pwr A LI.. BJ,Penroad8 J ,Penroad IS Cent Sts Elec.. > Std of Ind 18 Cities Service.. S’t Un Gas tA• ... 1 El Bd A Shares 9'* Ut Pwr S

Foreign Exchange

(Bv James T. Ha mill ft Cos. ) Mav 19— Sterling. England 368 Franc. Prance .0394% Lire. Italy 0514% Franc. Belgium 1404 Mark. Germany 2387 Oullder Holland 4089 Peseta. Bna!n 0822 Krone. Norway, 1835 Krone. Denmark 2010

Investment Trust shares

(By Jame* T. Hamlll A Cos.) PRICES ARE TO it NOON -May 19Bid. Ask. Am Pounders Corp com • Amer and Gen Sec IAI 1 ... Collateral Trustee Shares IAI 3V* 3 Dtveratfled Trustee Shares (A> 5 s',i Fixed Trust Oil Shares 11% ... Fixed Trust Shares (A) 5 Fundamental Trust Shares (A* 3*a 2'% Fundamental Trust Shares IB> 2S 2H Lenders of Industry (A) 2V ... Low Priced Shares I*4 ... Mass Inv Trust Shares 11 13 Nation-Wide Securities 2** 2*a Selected Income Shares 4 4V* Shnwmut Bank Inv Trust 1 2 Trustee Std 11 (At 3 314 Trustee Std OH 181 2*i 3 U S Elec Light and Pwr iA>.. 131a 14'% Universal Trust Shares IS IS Chicago Stocks Opening <Bv James T. Hamlll A Cos.) —May 189— Asso Tel Util... 11* Cities Service .. 3S Bendlx Aviation 5S Cent Chi com.. S Borg Warner ... 4S Swift Inti 14*5

Gone, but Not Forgotten

Automobiles reported to police u stolen belong to: Martin Morgan. 942 Burdsal parkway. Ford coupe, from In front of 942 Burdsiti parkway. Olm Fisher. 136 West Nineteenth street. Chrvsler roadster. 59-269. from 1154 OUve street. Ctrl Wiese. R. R 11. Box 25*. Ford tudor 36-943 from Massachusetts avenue and East street. U. S Hendrix 2650 Wsde street. Ford coupe. 61-263 from 500 East Ohio street. James Hardin. New Augusta. Ind.. Chevrolet coach. 53-094. from Alabama and Market streets. Eugene T. Shears. 2531 South New Jersey street. Nash coach. M 1-941. from Delaware and Washington streets. William Whalev. 734 Congress avenue. Chevrolet aedan. 14-003. from 734 Congress avenue

BACK HOME AGAIN *

Stolen automobiles recovered by police belong to: Urban L. Robtnson. 527 Bancroft street. Chrysler coach, found at Fifteenth and Lewis streets. Magnolia Head. 2045 Highland place, Hudson sedan, found at California and North streets. Paul Stinnett. 810 South East street. Oakland roadster, found at 900 Sanders street. FIRE~SWEEPS LUMBER PILES: LOSS IS $5,500 Tntclor and Track Burned; Spread of Flames Halted. Fir* of unknown origin swept a saw house and several lumber plies at the Western Wrecking Company plant, 37 Koehne street, late Wednesday afternoon, causing damage of $5,500, Ous Pfiester, president, said. The flames were discovered by persons In the neighborhood. Firemen prevented spread of the fire to larger buildings on the premises. Loss, including a tractor, a 3-ton truck and lumber valued at SI,OOO, was not covered by insurance, according to Pfieeter. *

l New York Stocks

—May l*~ E* 11 roads— Prey. High Low 1100 close Atchison 29% MS 3S 28% ; Atl Coast Line 13 Balt * Ohio S% 5% 6% 5% . Cbesa * Ohio 4% 14% ! ctwaa Corp ... IS *% •% 1% Can Pac 10% tOS 10% 10% ! Chi N Vest 1% Uel L ; V- U s 11% Erie 3% Erie Ist pfd 8% Illinois central 7% Kan City So 1% 4% Lou ft Nash 9 9 U K ft T 2¥ 3% Mo Pacific 1% Mo Pac pfd 3% 3% N T Central ... 11% 11% 11% 11% Nickel Plate 1% ... NT NH ft H *% 8% Nor Paeiflc t 8 Norfolk ft West. r 73% Pennsylvania 9% 9% Reading 17 ... Seaboard Air L % % So Pacific „... 9% 9% 9% 9. Southern Ry 3% 3% St Paul 1 St Paul pfd 1% 1% St L ft S P IVs Union Pacific ... 41% 41 41 41% W a bath 1 1% W Maryland 3% Eculpmenta— Am Car ft Ftbr S Am Bteel Pd 4 Oen Am Tank 12 General Elec 13% 13% 13% 13% Lima Loco. 10 Poor ft Cos 2 Pullman 13% Westingh Ar B ... Westingh Kite... 23% 22% 23% 32% Rubbers— Firestone 11% 12 Fisk % Goodyear 8% 8% Kelly Borgfld 1 C S Rubber 2% 3 Motors— Auburn 32 31V 31% 31% Chrvsier 7% 7% General Motors.. 10% 10% 10% 10% Hudson 3% Hupp 2 Mack 13 Nash 10% 10% Packard 2 2 Peerless . 1% Studebaker .. ... 3% 3% White Mot * Yellow Truck 3 Access— B'ndlx Aviation S% 5% 8% 5% Bor? Warner 4% Br.gys 4 % Budd Wheel *. 1% 1% Eaton 4% Ei Auto Lite 10% 10% El Storage *B| 18 18% Houda I s , Murray Body ... 3% Timken Roll 13%. Mining— Am Metals 2% Am Smelt 8% Anaconda Cop.. 4% 4% 4% 4% Alaska Jun 8% 9% 9% 9% Cal ft Heela 2% Carro (le Pasco.. 6% 8% 6% 6% Dome Mines ... 10 O’* Preeport Texas. 13% 12% Homestake Min 124 125 Int Nickel 4% 4% Inspiration • 1% Kennecott Cop 6% 6% Miami Copper 2 " Nev Cons 3% 3% Noranda 13 13% Texas Gul Sul.. 17 18% 16% 16% U 8 Smelt 12% ... Oils— Amerada 15% 15% Atl Refining 11% n% Barnsdall 4% 4 Houston 2% 2% Mex Sbd 8% 8% 8% 8% Mid Conti 4% 5 Ohio Oil 7% 7% Pan Amer (B) 31 Phillips 4 Prairie Pipe 6% Royal Dutch 16% 16% Shell Un 32% Cons Oil 5 4% 5 5 Standard of Cal 17% 18 Standard of N J 23% 23% 23% 23 Boc Vac 8% 8% Texas Cos 11 10% 11 10% Union Oil 9% Steels— Am Roll Mills 5% 4% Bethlehem 12% 12% Brers AM 7% 7% Ludlum 3 McKeesport Tin 3i% 31% Midland 3% Newton 3 Repub IftS 3 U S Bteel 28% 28% 28% 27% Vanadium 6% 6% Tobaccos— Am,Tob iAi new 61% Am Tob *B* new .. ... 63 63 Llg ft Myers 181 47 Lorillard 12% Reynolds Tob 31% 31% Utilities— Adams Exp 2% Am For Pwr 2%, 3 Am Pwr ft LI 6% 7 A T ft T 95% 94% 94% 94% Col Gas ft El.. 7% 7% 7% 7% Com ft Sou 2% 2% 2% 2% Cons Gas 45% 45% 45% 45% El Pwr ft Li 5% 5% 6% 5% Gen Gas A 1 Inti T ft T 4% 4% 4% 4% Lou Gas ft El.. .. „.. ... 16 Natl Pwr ft LI 10% 10% Nor Amer Cos ... 20% 19% 19% 20% Pac Gas ft E 1... 23% 22% 22% J3% Pub Ser N J.. 41% 41% 41% 42 So Cal Edison.. 22% 22% 22% 23 Std G ft E! 10% 10% 10% 10% United Corp ... 5% 5% 5% 5% Un Oas Imp ... 15% 13% 15% 15% Ut Pwr ft L A 3% 2% West Union 19 18% Shipping— „ Am Inti Corn. .. ... 3% ... Inti Mer M pfd 1% United Fruit 15% 15% 15% 15% Foods— Am Sug 17% 17% Armour A % Beechnut Pkg .... 37 Cal Pkg 5% Can Drv 8% Coca Cola 92% 92% 92% 92% Com Prod 33% 33% Crm Wheat 18 Cudahy Pkg 22 Cuban Am Sug % Oen Poods 27% 27% 27% 27% Grand Union 1 4 Hershev 53% Jewel Tea 21 Kroger 12% 12% Nat Biscuit 32 32% Natl Dairy 20% 19% 19% 19% Purity Bak 6% Safeway 8t 43% 43% 43% 44 Std Brands 11% 11 11 11% Drugs— Drug Inc 35% 34% 34% 34% Lambert Cos 32 Lehn ft Pink ... 14% 14 * 14% 14% Industrials— Am Radiator ... 4% 4 Bush Term ... ... 5 Certainteed 1% Gen Asphalt 8% Otis Kiev 11% Indus Chrms— Air Red 36V 37 Allied Chem 51% 51% 51% 51% Com Solv 8% 5% 5% 5% Dupont 28 s . 28% 28% 28% Union Carb 17% 17% 17% 17% U S Ind Alco 15% 15% 15% 16% Retail Stores— Kresge 8 S 9% 9% May D Store ... 12% 12% 12% 12% Mont Ward 6* 6% Penny J C 20% 20 s . 20*. 21 Sears Roe 17% 17 17 16% Woolworth 28>4 27 s . 27 s . 28

THEY TELL ME

IT looks very much as if the committee to be selected to frame the Republican state platform for adoption at the convention, June 8-9, will have a hot session when the prohibition question comes up. The biggest fight of the platform is expected to be on that issue, with Lake. Vanderburg. Vigo and St. Joseph counties clamoring that the party take an anti-prohibition stand. Ernest Force. Lake county chairman, was ready to pitch that problem into the state committee conference a few weeks ago, but was dissuaded by the soft pedal ers, while the G. O. P editors had a referendum resolution presented, which they voted down. "A wet plank would do more to help us win Lake county from the Democrats this year than any other single thing.” Force said. Since that meeting, however, the primary has been held and many of the dry boys got a real scare. They tell me that up in the Second the workers are waiting to see how Congressman Will Wood votes on the beer bill be.Vire the house. If he Is of the opposition, much Republican strength will be thrown to George Durgan, his wet Democratic opponent. French Clements, congressional nominee from the Eighth district, was in Republican headquarters this week and there also was present Ben Bartleti, one of the Vanderburg county wheelhorses. mam Both declared that there was pronounced wet sentiment in Evansville and they said that Clements, who ran as a wet, was way out in the lead throughout the entire primary. From Bartlett’s dope the Vander-

Am Bme n t.— Eastman Kod... 43 41 41 41 a Fox Film *A> ... 3% 3 2 2% Loews Inc 21% 30% 30V 31 a Param Fam .... 2V Radio Corp .... 4 J. 4 J., R-K-O 2% 2% 2% 3% Warner Bros ... Miscellaneous— Airway Add City Ice A Fu - *• • Proc ft Oam ... 29 28 % 26% 29 4 A ills Chal 6 5% 5% * Amer Can 37% 26% 36% 37 J 1 Case 18% 18 18 18% Cont Can • Gillette B R MIS 18% }*% ' Gold Dust 11% 11V D% Int Harv 16% 16 J* !•% Int Bus M 73V 72% 73% 74 Un Aircraft .... 7% 7% 7S 7%

The City in Brief

FRIDAY EVENTS Reserve Offieers' Association, luncheon. Board of Trade. Exchange Club, luncheon, Washington. Optimist Club, luncheon, Clavpool. Altrusa Club, luncheon. Columbia Club. Sahara Grotto, luncheon. Grotto Club. Indiana Bankers' Association, convention. all day. Claypoe!. Indiana Stamp Club. meeting. 8. Lockerbie. Collection of air mail stamps will be shown Friday night at the Indiana Stamp Club at the Lockerbie by Carlton W. Smith of West Carrollton, O. Dr. A. E. Denison has charge of the program. Offer of the Indianapolis Flowrr Mission to build a hospital on city hospital grounds for advanced tuberculosis cases has been indorsed by the Indiana University Club, Lloyd Claycombe, club president, announced. Frank N. Wallace, state entomologist, will deliver an illustrated lecture on Indiana state parks at a dinner for members of Boy Scout Troop 69, their families and friends, at Utley hut tonight. May meeting of the Young Lawyers' Association was held today at the Washington. Five-minute addresses were given by members. Third Ward Progressive, Social, Civic and Democratic Club will meet tonight at the home of John Hall, 2135 Highland place. The club will meet each week until the November election. The National United American Veterans organization has moved headquarters from 604 Inland Bank building to >402 Castle Hall building Growth of the organization necessitated larger quarters, according to Edward G. Schaub, national commander. The nominating committee of the Indianapolis Board of Trade was selected Wednesday at a primary election. Members are: A. M. Glossbrenner, chairman; Brodehurst Elsey, J. Martin Antrim, Edward D. Evans, Roy Sahm and Fred G. Appel. Election will be held June 13. The Rev. Reuben H. Mueller, new pastor of First Evangelical church, and Mrs. Mueller, were given a reception by members of the congregation Wednesday night. “Mind Radio" and “The True Story of Creation’’ will be topics of two speeches by Dr. Nina E. Pickett, lecturer on theosophy, to be given tonight and Sunday night at 824 North Pennsylvania street. Indianapolis Boy Scouts will hold their annual overnight outing at the Scout reservation Saturday afternoon and Sunday. FLty members of the Scout band plan to attend the outing. Hearing on a court order restraining detective William Miller from returning George Black from Seattle, Wash., to face trial for alleged theft of SIO,OOO irom an Indianapolis woman, will be held Monday in the Washington city. Chief Mike Morrissey was informed today. Annual outing of the Exchange Club will be held Friday at the home of Clarence F. Merreli, near Sixty-fourth and Meridian streets. Luncheon and a golf tournament will comprise the program. Ira C. Strohm and Ben Roberts will be in charge. Eighty students of the American Gymnastic Union will leave Indianapolis May 28, via the Pennsylvania railroad, for Elkhart lake. Wisconsin, it was announced today. Tossed from his motorcycle when it struck a rut at Madison avenue and the Belt railroad Wednesday night. L. D. Kelly of Nashville. Tenn., incurred severe cuts and bruises on the head and shoulders and is in city hospital.

burg county delegation vote of forty-eight will be cast for M. Bert Thurman for the Governor nomination. “There is a lot of talk for Lawrence Orr down our way, though,” Bartlett said. He pointed out that Evansville always has been a large brewing town, with two large plants there employing between 1,500 and 2,000 men. “Every one down in our section feels that if beer were legalised, the town would be on the road back to prosperity and that is making for a large Orr sentiment, Thurman's recent referendum speech also helped him there.” He indicated that the county delegation may be in the forefront of the fight for a dry law reform plank. m m m The same reports come from Terre Haute and Ft. Wayne, where severed large breweries were located in pre-prohibition days. Hands down victory for the liberal Governor and senatorial candidates in the Ohio primary is also influencing Republican managers here, who feel that something must be done to aid their part/s popularity, and that this would be the easy route. Chairman Ivan C. Morgan has asked district chairmen to select representatives most capable at getting the real sentiment of the rank and file, to investigate the status of the anti-prohibition attitude, and their reaprts will have much to do with framing of a tentative platform. All this wet talk isn't making the Anti-Saloon League pay roll lads feel any too chipper—but who’s worrying about them, anyhow?

THE INDIANAPOLIS TIMES

SWINE MARKET DISPLAYS FIRM TRADINGRANGE Cattle Classes Steady to Strong; Sheep Show Weak Trend. Hogs were mostly steady this morning at the Union Stockyards, prices holding firm with Wednesday's average. The bulk, 100 to 350 pounds, sold for $3 to $3.40; early top holding at $3.45. A few small lots sold for $3.45. Receipts were estimated at 7,000; holdovers were 191. General tone In the cattle market was unchanged. Steers were steady, cows strong and heifers dull. Receipts were 800. Vealers were 50 cents lower, selling at $5 down. Calf receipts were 600. Sheep were not fully developed with indications pointing to a lower trend. A few spring lambs sold around $6.50 down. Receipts were 600. Trading in hogs at Chicago this morning showed slow action, with asking generally around steady with Wednesday’s average, while few bids were 5 to 10 cents lower. The bulk, 170 to 200 pounds, bid $3.45 to $3.50; best kinds held up to $3.60, while choice of 320-pounders were bid at $3.05. JEteceipts numbered 23,000. including 7.000 direct; holdovers, 5.000. Cattle receipts, 5,000; calves. 2,000; market steady. Sheep receipts. 11,000; market unchanged. HOGS May Bulk. Early Top. Receipts. 12. 83.104) 3.40 83.45 5.500 13. 3.10 fa 3 66 3.85 - 7,000 14. 3 10© 3.55 3.55 4,000 16. 3.10© 3.55 3.55 8.000 17. 3.101 3.55 3.66 9.000 18. 3.00© 8.40 3.40 9.000 19. 3.00® 3.40 3.46 7.000 Receipt*. 7.000; market, eteady. (140-1601 Good and choice.. .8 3.40 —Light Light*— (160-180) Good and choice... 1.40 —Light Weights—-(lßo-2001 Good and choice... 3.400 3.45 (200-220) Medium and good 3.300 3.35 Medium Weight*— (220-250) Good and choice... 3.20© 330 (250-290) Medium and g00d... 3.10® 3,15 —Heavy Weights—-(29o-350) Good and choice... 3.000 2.10 —Packing Sows—-(3so-5001 Medium and g00d... 3.350 2.85 (100-1301 Slaughter nigs 3.25 CATTLE Receipts. 800; market, steady. Good and choice 8 5 500 7.25 Common and medium 3.500 5.50 (1,100-I.Boo* Good and choice 5.500 7.25 Common and medium 4.25® 5.50 —Heifers— Good and choice 5.000 8.25 Common and medium 3.25® 5.00 —Cows— Good and choice 3.25® 4.25 Medium 2.50© 3.25 Cull and common 1.50® 2.50 —Bulls (yearlings excluded) Good and choice beefs 3.000 3.75 Cutter, common and medium.. 200 ® 3.00 CALVES AND VEALERS Receipts, 600: market, steady. —Vealers— Good and choice 8 4 50© 5.00 Medium 3.00© 4.50 Cull and common 2.00® 3.00 —Calves— Good and choice 3.500 5.00 Common and medium ....... 2.50© 3.50 —Stocker and Feeder Steers— Good and choice 4.500 5.75 Common and medium 3.25® 4.50 (600-1.500) Good and choice 4.5005.75 Common and medium 3.25® 4.50 SHEEP AND LAMBH (Shorn Basis) Receipts. 600; market, steady. Good and choice t 5.00© 5.50 Soring lambs 5.000 7.00 Common and medium 300 a 5.00 Ewes, medium and choice .... 1.500 2.35 Cull and common SO® 1.50 Other Livestock By United Prr*

CHICAGO. May 19. —Hogs—Receipts. 33,000, Including 7.000 direct; alow, weak to 10c, lower: 170-210 lbs. $3.4063.50; top. *3.55; 230-250 lbs.. *3.254*3.45; 260-310 lbs., *3.1063 30; 140-160 lbs.. *3.25ft 3.45; pigs. lights. 140-160 lbs., goad and choice. $3.25 6 3 50; light weight, 160-200 lbs., good and choice, *3.3563.55; medium welgnta. 200250 lbs., good and choice, *3.2503.50: heavy weights. 250-350 lbs., good and choice, *363 35; packing sow* 275-500 lbs., medium and good, *3.4663.90; slaughter pigs, 100-130 lbs., good and choice, *3ft 3.25. Cattle—Receipts. 5.000; calves, 3,000; fed steer and long yevllnjrs active and strong, spots higher; light mixed and heifer yearlincs weak; cows, steady; bulls and vealers steady to weak; best long yearlings. *7.50, weighty steers held above *7.65; (laughter cattle ind vealers: steers, 600-900 lbs . good and choice. *6.2567.50; 900-1.000 lbs., good and choice. *6.35i 7 75; 1.100-1.300 lbs., good ana choice, $6.25417.75: 600-1.300 lbs., common and medium, $4.50® 6.25; heifers. 550-850 lbs., good and choice. $5.256 6.25, common and medium. $3,754(5.26; cows good and choice. $46 5.25. common and medium, $34(4; low cutter alid cutter, $1,504(3; bulls yearlings excluded, good and choice beef, $364.25; cutter to medium *2.504(3; vealers milk fed, good and choice, $54(6.25; medium, $4.50®5; cull and common. *364.50: Stocker and feeder cattle; steers. 500-1,060 lbs., good and choice, $4,754(6; common and medium. $3,504(4 75. Sheep—Receipts, 11,000; spring opened around 50c lower than Wednesday's average; sellers resisting dtclini; few good to choice lots. *6; best held above. $6.50; asking *5.50 for choice wooled lambs; slaughter sheep and lambs; spring lambs, good and choice, s6®7; medium. *566: common. *4®s; lambs. 90 lbs. down, good and choice. *4.25 4(5; medium, dium to choice. J. 254.85; all weights common. *3®3.50: ewes 90-150 lbs . medium to choice, $14(2.25; all weights cull and common, 50c®*1.50. fly United Prett EAST ST. LOUIS. May 19.—Hogs Receipts, 10.000. market slow. sft 10c lower; extreme top. $3.35; bulk. 150-350 lbs.. $3.30 ®3 30: 250-300 lbs.. *3.10©3.20; 100-140 lbs., $2 754(3.10; sows. $2,404(2 60. Cattle—Receipts. 1.600: calves. 1.000; market mostly steady on all classes with an easier undertone apparent on some steers; ear’v steer sales confined to lightweights at $3.50® 6.35; mixed yearlings and heifers. *4 76ft 5 50; cows. $2.75 6 3.50: low cutters. $1,250 1.75: top sausage bulls, *3.25; fop vealers. $5ft5.25. Sheep—Receipts. 2,000; market, spring lambs opened weak to 25c lower; a few choice lambs. $6.2506 50, no action on others. By United Prett PITTSBURGH. May 19.—Hogs—Receipts. 1,500; market, mostly steady; 140-210 lb*.. $3.706 3.85: 220-260 lbs., $3.4063.65; 100140 lbs., $3.3563.85: most pecking sows, *2.254(2.50. Cattle—Receipts, 10: market, unchanged; medium and good steers, quoted. $5®6.75; heifers. $4.2506.50; beef cows. SSft 4 25; calves, receipts, 300; market. steady; good and choice vealers. mostly. 85 50 66.50; common and medium, $365.50. Bheep—Receipts. 800: market, about steady; choice Kentucky spring lambs. *8.25; other variable kind, fifsoft 7.75; good to choice shorn lambs. *4.50® 5.50; variable shorn wethers, *203.50. By United Prett CLEVELAND. May 19—Hoga—Receipts. 900; holdover. 33: steady to 10c lower; 140230 lbs.. (3.60 : 340-300 lbs., uneven. *3.300 3.50; pigs, *3.35. Cattle—Receipts. 300; steady; bulk. 833-847 lbs., steers, 85; rrade high common scattering upward to 5 40; cows around $36 3.35; most sausage bulls *3 25 down; calves, receipts. 300; more active, stead; light weight vealers. 86; sparingly *6.50; heavies, *5: few *5.50; little on light weights below $5. Sheep— Receipts. 300: steady: considering clipped lambs .quality at *5.35 downward, and 60 lbs. springers at *8; grading good, throwouts, *2.7504.50 down; IN In extreme ewes. *lO3. By United Prett EAST BUFFALO. Slav 19 —Hogs on sale—Receipts. 3.000: rather slow, largely to packers: 5c to mostlv 10c under Wednesday's average: good to choice. 150-200 lbs . *3.75: one Toad. *3*o: 220250 lbs.. *3 506 3,65; 375 lb*.. *3.25: Dig* and underweights. *3.5003.75. Cattle—Receipt*. 100; cows, barelv steady at recent decline; cutter grades. *12562; good yearlings, steers and heifers *6. Calves—Rgoeipts. 100: vealers. steady to 50c lower; mostly steady at Wednesday's full decline; bulk better lot. *6: common and medium. *3 3504.75. Sheen—Receipts. 1.10 O: old crop lambs, weak to 15c lower: choice 64-lb. clippers. *5 90: soring lambs. 35c lower: dasireabie 71-lb. Kentucky springers. *8.25: throwouts. 86.506.7.N: fat ewes. 61.3503. By United Prett , U-FAYETTE. Ind.. May 19 —Hogs—Market steady to 5c higher: 160-200 lbs.. S3 20; 300-310 lbs.. *3.15; 210-235 lbs.. *3 :0. 225235 lbs.. 33 05 : 236-350 lbs.. *3 : 350-375 lbs , *2 95 : 275-JOO lbs.. *2.90; 300-33* lias.. *2 85; 140-160 lbs . *3. 130-140 lbs.. $3 90: 100 lbs . *2.75: rough hogs. *3.50 down; calf market s©e lower, top calves. *4 50: good to choice. *3.5004: mediums, *30350; throwouts, *3 down: sheep 50c lower: good to choice spring lambs. *5.90: good to choice was tern lambs. *4 50; mediums. *3.50 4(4 50; common. *2.5063 N; throwouts, *3.50 down; fat ibeep, 31 down..

BELIEVE IT or NOT

—o( Noßwood.Oh'O j \HE WORKED 24,090 DAYS (66 IN SUCCESSION WiTHOUr Rp* . ' A SINGLE DAY OF REST ! (Sundays Ac Hobdays Also) ** Counting 300 days as a mams voriohs year, Wilson has worked SToyr^ UK. Km* Fnlum S,n<lirtr. lac. Grr.t Britsin ri,h). intmt

Dow-Jones Summary

United Biscuit Company of America declared the regular quarterly dividend of 50 cents on common, payable Sept. 1. of record Aug. 16, and *1.75 on preferred, payable Aug. 1. of record July 15. Wabash Railway in March reported net loss amounting to *401.846. against net loss of *315,747 in March. 1931. Pan-American Petroleum and Transport Company in year ended Dec. 81, 1981, showed net profit of $2,530,866, after interest, depreciation, depletion, federal taxes, etc., against *13,748,524 In 1930. Bush Terminal Company and subsidiaries in quarter ended March 31. 1932. reported net profit of *373.243. after taxes, interest and depreciation, against 3449.324 In first quarter of 1931. Crucible Steel Company omits quarterly dividend of $1.75 on preferred stock, due at this time. New York. Chicago A St. Louis In April reported net loss of $401,544 after charges, against net income of $334,985 in April. 1931: four months net loss amountea to *1.416,675 against net Income of *845.281. Electric Bond A Share declared the regular quarterly dividend of Hi per cent on common, payable July 15, of record June 6. Pennsylvania Railroad system loadings In week ended May 14, were 81,179 cars, against 84.262 in previous week and 118.828 in like 1931 week: Jan. 1. to 14. loadings amounted to 1,771,411, against 2,314,589. Cities Service Company declared. the regular quarterly dividend of 3Vi cents In cash ana Vi of 1 per cent In common on common, payable July 1. of record June 15; April surplus amounted to 81,521,826 after charges and preferred dividends before common dividends and reserves, against *1,617,461 In April. 1931. Miller A Hart declared the regular quarterly dividend of 15 cents on *3.50 preference atock, payable J'lly 1. of record June 15. Pet Milk In March quarter showed net loss of *72.165 after all charges, against *43,438 in March 1931 quarter. Indian Motorcycle Company In March quarter reported net loss at .‘*40.882 after Interest and other charges, against $58,630 In first quarter of 1931. Northern Pipe Line Company declared a dividend of 25 cents on *lO par stock, payable July 1, of record June 17. Mahoning coal railroad In March quarter earned *5.32 a common share, against *6.77 In March 1981 quarter. Associated Telephone Utilities In March quarter showed profit of *629.07$ after charges and taxes before depreciation, against $824,687 In March 1931 .quarter; twelve months amounted to *2,930,551, against *3.327,431.

In the Cotton Markets

—May 18— NEW YORK High. Low. Close. January lB *O7 6 12 U,wli f,, 6.34 6.22 6.30 May 6 65 5 50 5 6’ July 5.71 5.58 5 69 October 5 96 5.84 5.94 December 6.10 5 9* 6 08 CHICAGO January 6.19 6.13 6.19 March 64 IN 6 34 Mty •••• •••• 5 65 July. 5.79 5 73 5 78 October 6.00 5.81 5.98 December 6.14 6 07 6.13 NEW ORLEANS March 6.27 6.1$ 6.26 Mav .."..M 562 5.60 5.60 July "! 5.71 5.61 567 October 5.93 5 60 5.89 December ■! 6-05 *94 6.04 New York Liberty Bonds —May 18Liberty SKI 47 100.14 Liberty Ist 4i* '47 101.15 Liberty 4th 4%s ’3B }O2 4 Treasury 4*4a '53 }?? !° Treasury 4s '54 101} Tresaury 3* 58 MIS Treasury 3%* '56 !S'?® Treasury 3Hs 47 97.4 Treasury 3NiS '43 iMarch) ?2',. Treasury SSs '4B (June) 9716 Treasury 3%s ‘49 #2 4 Y. M. C. A. LEADER GETS WORLD TOUR TICKETS Gift Is Reward for Goddard’s 28 Tears of Service. Tickets for a world tour for himself and wife have been presented to Arthur H. Godard, general secretary of the Indianapolis Y. M. C. A. as a token of appreciation for his twenty-eight years' service. Presentation was made by H. C. Atkins, treasurer of the Y. M. C. A. direewrs, at a farewell dinner for Godard at the Indianapolis Athletic Club Wednesday night. The tickets were a personal gift from directors and trustees of the institution who attended the dinner. Godard will be succeeded by Harry W. White, formerly of the Y. M, C. A. foreign work*

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 Wednesday's Times: The Real River of Doubt— The Pasig river, which connects Lagoon bay with Manila bay, athwart the city of Manila, is the only river that flows both ways at the same time. After a tropical downpour, it flows eastward into Lagoon bay and westward into Manila bay simultaneously. A Dress Made of Pineapple— The young Filipino I drew on my recent expedition to the isles of the Pacific is dressed in pina cloth. The material is made from the fibers cf pine apple leaves. Pina cloth is’delicate and soft in texture, with a tinge of pale yellow. Next: Japan's Emoticna! Safety Valve.

Net Changes

By United Pert* NEW YORK. May 18—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up off Allied Chemical 51% ... % American Can 37 ... % American Telephone 94%* ... 1% Atchison 28% ... 1% Auburn 31% ... 1% Case 18% ... % Chrysler 7% ... % Consolidated Oas 45% ... 1% Consolidated Oil 5 '/ ... Du Pont 28% ... % Electric Power 5% ... 1% General Electric 13% ... % General Motors 10% International Telephone.... 4% ... % Kennecott 6% % ... Lorillard 21% ... % Montgomery Ward 6% ... '4 N Y Central 11% ... % North American 20*. ... 1% Pennsylvania 9% ... V, Public Service 42 .... % Sears Roebuck 16% ... % Standard Gas 10% ... % Stan Oil Calif 18 ... % Stan OU N J 23 ... % Texas Corp 10% ... % Union Carbide 17% ... % United Corp 5% ... % U S Steel 37% ... % Wcsttnghouse El 22% ... 1 Woolworth 28 ... %

New York Bank Stocks

ißv Thomson A McKinnon* —Mav 18Bid. Ask. Bankers 46 48 Brooklyn Trust 155 170 Central Hanover JOl 105 Chase National 27 V* 29', Chemical 28S SOS Cltv National 30V, 32% Corn Exchange . 46', 49'* Commercial .! 114 130 Continental 12 s 14* Empire 17 Vi 19 Va First Natlonsl ... 975 1.075 Guarantv 204 209 Irving 15'4 16S Manhatten A Cos 17 19 Manufacturers 70S 22V-. New York Trust 66', 2 69*, Public 18'? 20 Va NEW YORK COFFEE RANGE —Mav 18High. Low. Close Mav 6.70 Julv 6 80 8 75 8.75 September 6.67 6.65 6.65 December 6.53 6.50 6.53 STUTZ OFFERS NEW 8 Sharp Reduction in Price* Made on 1933 Model*. Outstanding in a preliminary announcement today of 1933 models by the Stuts Motor Car Company is the statement that an eight-cylin-der car will be offered at the lowest price ever asked and that dual valve cars will be sold nearly $2,000 under present prices. Five new lines will be offered, including new Challenger models in both single and dual valve types, with prices as low as $2,395. E. S. Gorrell, president of the company, In discussing the new low prices, said: "It hardly seems possible, but with these new models we are underselling cars which formerly were as much as $1,300 under our price, and all this without sacrificing one iota of quality.'’ In the Air Weather conditions at 9 a m.l East southeast wind, 12 miles an hour: temperature, 61: bsu-ometric pressure, 30.29 at sea level; celling, clear, unlimited; visibility, 10 miles; field good. Map Ocean Air Service B* United PriM LONDON. May 19.—Italian airmen are studying plans for transAtlantic air service between Rome and Buenos Aires, Itsalo Balbo, minister of air, told the Daily Herald today in a telephone Inter- 1 view from Rome,

BY Kssra-s 1 RIPLEY

Bright Spots of Business

By United Press NEW YORK. May 19.—Gross earnings ol subsidiaries of the National Public Service Cos. for the first quarter were reported at $9,200,918 against $8,322,994 in the first three months of 1931. YOUNGSTOWN. O.—Hundreds of Idle will be put to work here on $710,000 worth of metal office furniture orders received by the General Fireproofing Cos. WASHINGTON—Production *t Partland Cement during April was 631. mm .barrels above the March total, according to the bureau of mines. PITTSBURGH—OarnegIe Steel Cos will resume operations at Its Edgar Thompson plant next week, recalling 1,200 men to work, it was announced. MONTREAL—Employment for 200 men was provided by reopening of the Brown corporation s Newsprint mil! at Lataquo, Quebec.

Produce Markets

Delivered In Indianapolis prices: Hens, hef.vy breeds. 11c; legnorn hens. 10c. broilers, colored springers. 2 lbs. and up. 17c; IVi to 3 lbs., 13c; bareback and partly feathered, 10c; leghorn and black, IV4 lbs and up. 12c; cocks and stags sc; leghorn cocks. 4c. Ducks. Urge white, full feathered and fat 7c; small. Sc. Geese, full feathered and fat. sc. Young and old guineas. 15c. Eggs. No. 1 current receipts. 9ft 10c. Butter—2lo22c: undergrade*. IBfal9c. Butterfat—lsc. These prices for healthy stock free from feed. Bv the Wadlev Comoanv. By United Prett NEW YORK. Mav 19— Potatoes— Market, dull; southern. 83.7508 per barrel; Idaho. 82.15ft2.35 per sack; Bermuda. (7.5008.50 per barrel; Maine. *lO2 per barrel; Canada. t1.25ft2.35 per barrel. Sweet potatoes—Market, dull; Jersey baskets, SScft *1.60; southern baskets. 40cft*l FlourMarket. dull; spring patents. *4.1504.40 per barrel. Pork—Market, quiet; mess. *1625 per barrel. Lard—Market, dull; middle west spot. *4.loft 4.20 per 100 lbs Tallow—Sfirket, quiet; .special to extra. 2HO2Sc per lb. Dressed poultry—Market. steady; turkeys. 12ft 30c: chickens. 15027 c; broilers, 15ft30c: fowls. Bft2oc: Long Islands ducks. l4’/*ftlsc. Live poultry—Market, steady, firm; geese, 7012 c: ducks. 15ft25c; fowls. 10ft lie; turkeys. Bft 15c: roosters. 14ft 17c: chickens. 26ft28c. broilers. 12ft 27c; capons. 15ft22c Cheese —Market, steady: state whole milk, fancy to specials. lOViftlSVic; Young America. llVa® lS'.ie. By I'nitrd Prett CHICAGO. May 19 Eggs Market, weak;_ receipts, 30,557 cases; extra firsts. 12'2ftl3Vic; firsts, 124r125c: current receipts. 11c; seconds. 9Sc. Butter—Market steady: receipts. 9.695 tubs: extras 16Sc; extra firsts. 16fti6' a c; firsts. 15fti5'e; seconds. Mftl4'4c: standards. l6Sc. Poul-try-Market, easy: receipts, 1 car; fowls, 12'jftMc: Leghorns. 12c; ducks. 10ftUSc geese. Sc. turkeys, 12ft 15c; roosters. 6'ic; rollers. 'lßft 24c: Leghorn broilers. 15® lie; stags., 11c. Cheese—Twins. lOftlO'ic; Young Americas. 10% ft 11c. Potatoes—On track. 257; arrivals, 79: shipments. 635; market, dull, firm; Wisconsin Whites. 7Sft 85c; Idaho Russets. *1 15ft 1.25: North DakoU Cobblers. 75ft*Oc; Texas Triumphs. 53.50; Louisiana Triumphs. S3ft32S; Mississippi Triumphs. 53.35. Alabama Triumphs. *303.25. By United Prett CLEVELAND. Mav 19.—Butter—Market, steady: extras. 20%c; standards. 20Se. Eggs—Market, weak: extra firsts. 12'c; current receipts. 12e. Poultry—Market, steady; heavy fowls. 15ft 16c: medium fowls. 16© 17c: Leghorn fowls. 13ft 14<-; “rollers. 21st 23c; Leghorn broilers. 17ft 19c: ducks 12ft 14c: old cocks. 10c: geese. 8c Potatoes—Ohio. New York Pennsylvania. 60ft65c bushel sack: Maine Green Mt . best mostlv. *l.lo© 1.25; few *1.15 per 100-lb sack! Idaho Russet large sired. *1606 170; medium, t1.40ft1.50 per 100-lb. sack. By United Prett CINCINNATI. May I*.—Butter—Packing ' •bock. No. 3.10 c; No 3.8 c; butterfat. 12ft Eggs—Lower; cases included; Extra firsts. 12c: seconds. 10c: nearby ungraded. liv*c. Live poultry—Thin and coarse stock sells only at heavy discount; fowls. 5 lbs and over. 13Vsc; 4 lbs. and over. 13'ic; I lbs. and over. 13Vic: Leghorns. 3 lbs and over. 12c; roosters, 6c; colored broilers. I lb. and over. 18c; IS lbs. and over, 20c; 2 lbs. and over. 31c; fryers. 3 lbs. and over, 23c; partly feathered. Isc: Leghorn broilers. I lb. and over. 17c: IV4 lbs. and over, 19c; 2 lbs. and over. 31c; Mack springers. 12c; ducks, under 3 lbs. sell at liberal concessions; ducks, white. 4 lbs. and over. 10c; under 4 lbs.. 8c: colored, 4 lbs and over. 10c: under 4 lbs.. *e: spring ducks, white. 4 lbs. and over. 13c; under 4 lbs., 10c; colored. 4 lbs. and over. 13c: under 4 lbs.. 10c; turkeys. No. 1 hens. 8 lbs. and over, 15c; young toms. No. 1, ten lbs. end over. 150. RAW SUGAR PRICES —Mav 18High. Low. Close. Jenuarv .78 .76 ,7t March .83 .81 .81 Mav .87 .88 48 Julv 63 .61 M September 89 87 .68 December *.78 .76 .78

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW FORK MEMBERS Naw York Stock Exchaaga Chicago Stock Bxchooga Now York Cot too Exchango ' Chicago Hoard of Trad* Naw York Cork Aaaociatioa Rooms 200-214 Circle Tower Telephone Lincoln SMI

-MAY 19, 1932

GOOD DEMAND SENDS WHEAT PRICES HIGHER Strong Cables. Securities Aid Bullish Feeling at Opening. BY HAROLD E. RAINVTLLE United Freaa Staff Correspondent CHICAGO. May 19.—8trong cables and ttoexs gave wheat a fair upturn as the Board of Trade opened today. There also was scattered buying on the continued dryness in the southwest, weather being clear and warm overnight. Increased demand and buying from the continent gave Liverpool its strength. There was little pressure at the start and action was light. Corn was firm with wheat and on the cash situation. Oats was very dull. Rye also was quiet. At the opening, wheat was unchanged to % cent higher, com was to \ cent higher, oats and rye were unchanged to % cent higher. Provisions were slow and steady. Liverpool was stronger than expected, starting lower but netting a % to % cent gain by mid-after-noon. The farm board denied having exchanged cash wheat for futures at Kansas City Wednesday. The country sold corn more freely Wednesday, but it was well taken by a larger cash demand from the east. Thai preventing the accumulation of stocks at Chicago. The lower trend in wheat dominated. Cash interest* have been fair buyers of oats, giving the market a Arm tone, but advances are not being held owing to the weakness in other grains. Chicago Grain Range —May 19WHEAT— Prew. High. Low 11:00 close. July .57% .57 .67% .57 Sept. .59% .59% .59% .58% Dee .62% .61% .63% .61% CORN— July .32% .33% 23% .32% Sept 34% .34% 34% 34% Dec 24% .34% .14% .34% OATS— Bept. .23% .22% .22% Dec ...X .. .. .. .34 RYE— July .....m*. 38% .28% Sept .TX .40% .40% .40V, .40% LARD— July 3 90 3.90 Bept 4 02 4 00 4 00 4 03 Oct 4.02 By Time* Special CHICAGO. Mav 17 —Carlota: Wheat. 23: corn. 34; oats. 40; rve. 0. and barlev. 3. By Time* Special CHICAGO. Mav 18.—Primary receipts: Wheat. 494.000. against 1,610.000. corn, 175.000. against 458.000: oat*. 246.000. against 140.000 Shipments'. Wheat. 613.000. against 926.000; corn. 387,000. against 446.000; oats. 206.000, against 249 000. By United Prr* CHICAGO. Mav 18 —Cash grain CloseWheat—No. 2 red. 57‘iC; No 3 red. S7‘c; No. 2 hard. 56%c. Corn—No. 2 mixed. 33 <r)33’4c: No. 3 mixed 33c; No. 2 veliow. 33%©33%c; No. 3 veliow. 33c; No. 4 veliow. 31%e: No. 2 white. 33%033%c; No. 3 White 32%c. Oata—No. 2 white. 24® 25c: No. 3 white 22% 0 24c; No. 4 white. 22%022%r.. Rve-No sales. Bariev—34o 44c. Tlmothv—ll.7so3. Clover—*9® 13.50. By United Peru TOLEDO. O. Mav 18.—Oraln In elevators. transit billing. Wheat—No. 2 red. 57%©58%c. Corn—No. 3 veliow. 34' a 0 35%e. Oats—No. 2 white. 2.. %027*,c. Rve—No 2. 43%044%c. Track prices. 28% cents rate: Wheat —No 2 red. 52®52%c; No. 1 red. 1 cent premium: No. 3 red. % to 3 cents discount: No. 4 red. 3% to 4 cents discount. Corn—No. 2 veliow 30 fr3o%c: No. 3 veliow. 29®29%e. Oata— No. 2 white. 23%©24%e: No. 3 white. 22% ©23%c. Clover—Prime. *9 Alslke-Cash. $8.75. Butter—Fancv creamerv prints. 33 0 24c Eggs—Extras. 11%©12e. Hav— Ttmothv ner cwt.. 80 cents.

Cash Grain

-Mav 16— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipolng point, basis 41 %e New York Rate, were: Wheat—Easv: No. 1 red. 46047 c: No 2 red. 45046 c: No 2 hard. 45®46c. Corn— Easv: No 2 white. 25 1 >26c: No. 2 white. 24©25c: No. 2 veliow. 2425 e: No. 3 yellow. 23©24c: No 2 mixed. 23 0 24c: No. 3 mixed 22© 23c. Oats- Easv No 2 white, 18%19%e: No 3 white. 17%018%c Hsv—Steadv. (P. o. b. country point* taking 23%c or less rates to Cincinnati or Louisville * No 1 ttmothv. $203.50; No 3 timothv. $60:6 50. t —lnspection* Wheat—No. 2 red. 4 cars: No. 3 red. 3 ears. Total. 6 cars. Com—No. 2 white. 1 car: No 3 whit*. 1 car: No. 4 white. 1 car: No 3 veUow. 5 cars: No J veliow. 2 ears: No. 3 mixed. 1 car. Total. 11 cars. Oats —No 2 white 1 car: No 3 white. 9 cars: No. 4 white. 1 car. Total. 11 cars.

Local Wagon Wheat

Cltv grain elevators are paving 4*c for No 2 red wheat and 43e for No. 3 hard wheat. Other Livestock fly Timet Special LOUISVILLE. Mav 19 —Cattle— Receipts. 150; mostlv steadv: bulk common and medium slaughter steers and heifers. 84.35© 5: better kinds to *5 75 or above; beef cows. *3 50 down; low cutters and cutters. *1.35ft>2.50: bulls, mostlv *3.35 down; light Stockers. *4©s. Calves—Receipts. 250, steadv at *4 down; light culls, almost worthless Hogs— Rerelots. 750. steadv; 170-230 lbs . *3 30: 225-355 lbs.. *3 : 260295 lbs.. *2.65 : 300 lbs. UP. *2.15: 140-165 lbs. *3.70: 135 lbs. down. *2 30: sows. 51.16ft1.90 Sheep- Receipts. 2.000: market, not established: Indications 25 0 50c lower with most loss on light and throwouts as well as old crop lambs: bulk better vortngers 86.50 ft 7.35 Wedesdav's shipments—Receipts. 170: calves. 37*. and 2.036 sheep. By United Prett FT WAYNE Ind. Msv 19.— Hogs—Market. steadv: nigs and light lights. *3ft3 35; lights. *3 25ft 3.30; mediums. S3 15ft 1?V heavies. *3ft3 15' roughs. $2.50; stags, Sl.Sf; calves. *5: lambs. *5.50 AUTO DEALERS MEET Plymouth Anniversary Celebrated Throughout Country. Dealers In Chrysler. DeSoto and Dodge automobiles In Indianapolis and vicinity were guests Wednesday night at a dinner and meeting in the Athenaeum. More than 400 attended. The meeting was one in a series being held throughout the country celebrating the first anniversary of the introduction of floating power in Plymouth cars. A. L. Millard. Plymouth sales promotion supervisor In this district, was in charge. Speakers Included J. E. Fields, president, Chrysler Sales Corporation, and L. G. Peed, general sales manager of DeSoto Motor Corporation.