Indianapolis Times, Volume 44, Number 19, Indianapolis, Marion County, 2 June 1932 — Page 12

PAGE 12

STOCK SHARES STEADY AFTER INITIAL SLUMP Early Morning Dip Carries Prices to New Low Records.

Average Stock Prices

Average of thirty industrials for Wednesday 44 93. up .19 Averafe of twenty rails 14 10, off 20. Average of twenty utilities 18 73, off 101. Average of forty bonds 85 78. off .52 BY ELMER C. WALZER United prtu Financial Editor NEW YORK, June 2—The stock market exhibited a steadier tone today after the list had been carried down to new bear market lows, with utility shares leading. The utility group firmed up from the lows and recoveries w'ere general, so that by noon the market could be termed irregular. Trading was fairly brisk for a time, but it slowed down as the session progressed into the afternoon. Grains rallied after sustaining fractional losses in the early trading. Cotton, however, dipped after early advances ranging to 8 points. The improved tone in the stock market was attributed to anticipation of traders of further efforts to inject credit into business on the part of the committee of twelve banking and industrial leaders refer tlv appointed for that purpose by the governor of the New York Federal Reserve bank. May Form Bond Tool This committee was scheduled to meet today, and it was believed its first move would be founding of a pool to support the bond market. Another favorable factor was word from Cleveland of formation of a committee of fifteen business leaders and bankers of the Fourth federal reserve district to mobilize financial and business interests of four states in a concerted action to revive industry and relieve unemployment. The financial community still was worried over the huge exodus of gold which has been in progress recently. Last night the United States lost gold to the amount of $44,438,000. one of the largest losses recorded for a single day. During May the net Io6S was $216,000,000. On May 25 the monetary gold stock of the country totaled $4,207,000,000, a drop of $808,000,000 from the record of $5,015,000,009 set Sfcpt. 16. 1931. Utility Group Rallies This gold exodus was expected to halt shortly as European confidence was restored by a balanced budget here. This relief helped stem liquidation and stocks firmed up early in the afternoon. Steel common, which touched 254 came back to 264, up 4. American Telephone made a record low at 824, and then rallied to 84 ~ off '*. Atchison rose a point to 25’. in the rails. Auburn Auto was up 2 at 34. Substantial recoveries were made by the entire utility group. Rails were helped by an official report ihr railroad credit corporation had a surplus ready to aid roads meet their July 1 requirements. Mercantile shares 'did not participate in the rally to the extent of the other groups, Woolworth and Macy making new lows.

Bank Clearings

INDIANAPOLIS STATEMENT —June 2 Clearing' $3,158,000.00 Debiu 6.115.00000 TREASURY STATEMENT —June 2 Net balance for May 31 S3B 877.5.4 *4 Expenditures 8.305,020.46 Customs rects. mo. to date 18.003,525 27 Chicago Stocks Opening ißv James T Hamill Ac Cos.) —l'-ne 2 Cities Srrv .. 14 Swift Ac Cos 74 Con- Chi Pfd 10 4 Swift Inti .18 Comm Edison 514 Walgreen Strs 9 Middle West.... 4

Produce Markets

Delivered in Irtdlannpo'.ls prices: Hens, heavv breeds. 11c: Leghorn hens. 9c: broilers, colored springer*. 2 lbs. and up. 16c 14 to 2 lbs.. 13c: bareback and partly feathered. 10c; leghorn and black. 14 lbs and up. 13c; cocks and stags. sc; leghorn cocks. Bc. Ducks, large white, full feathered and fat. 7c: smalL sc. Geese, full feathered and fat. sc. Young and old guineas. 15c Eggs. No. I current receipts. 9c. Duck eggs. ac. Loss off for rot' blood rings and mashed. Butter—--216 22c: under grades. 18 J 19c. Butterfat —lsc These prices for healthy stocic free from feed. Bv the Wadley Company fly United Prr** NEW Y'ORK June 2 —Potatoes—Market, firm southern, $1.25®4 50 barrel: Idaho. *262.25 sack Bermuda. SS®6 50 barrel: Maine SI 15® 180 barrel. Canada. $1.05<; 220 barrel Saee' potatoes—Market, dull: Jersey, baskets. 35c4*160 iouthern. basxe**. 75'-; 85c Flour- Market, dull: spring patent . S4 15 •4 55 Pork Market, quietness. *l6 25 Lard—Market, raster: middle west spot. $3.90-'8 per 100 lbs Tallow Market, quiet, steadv to extra 24 ;24c. Dressed poultrv—Market. steady, turkeys 11® 30c: chickens. 154 27c broilers. 15ff 30c. fowls. 86 19c; Long Island ducks, 18 f!sr Ll'e poultrv -Market, steadv. geese TfflJc. ducks. Salic; fowls. 167U8c: turkeys. 10g20c. roosters. 8c: chicken*, pullet*. 22528 c broilers. 13® 25c Cheese— Market, s'eaev -.-ate whole milk fancy to penals. 104®20c. voung America. 114 '2124c. Butter—Market, steadv; receipts 21 397 packages, creamery extras. 17’.r; .-penal marks. 18®184-c Eggs- Market, steadv; receipt*. 25.888 rases; r.earby white specials. 18820* .-c standards. 164:14. mediums. 184lrl6c; Pacific coasts 184 ft 284 c. browns. 15 ;’2oc. By United Pro* CHICAGO. June 2 Market, steady rere. p's. 12 613 cases, extra firsts 1146 134 c; firsts. 1146114 c; current receipt*. 1048 lG4c: seconds. 94c. Butter— Market, steadv: receipts 9.607 tubs, extras 164 c• extra firsts. 154616 c; firsts. 156 154 c: seconds. 12ffl8c. second*. 12318 c; standards. 164 c. Poultry—Market, unettied receipts 89 trucks: fowls. I3fflßc: Leg; orns. 104<: ducks, 9# 10c; geese. 8c: turkevs, 10813 c; roosters. 7c; broltcrs. 16 122 c. Leghorn broilers. !Bfflsc; stags, lie Cheese—Twins. 100104 c; Young Americas. 104011 c Potatoes—On track 353: arrivals. 105; shipment*. 95*. market, stead’- to weaker: Wisconsin whites. 90c !sl. Idaho Russets, $19115; Idaho McClures. 90c Alabama, Texas and Louisiana Triumphs. *1 SSy?By U nited Prets CLEVELAND. June 2—Butter—Market, rtaady; extras. 204 c: standards. 304 c. Eggs- Market, steady first*. U'ye. current receipts. 10c. Poultry—Market, steady: heavy fowls. 18c: med.ura fowls. 15c; Leghorn lowls. 1261Jc: heavy broilers. 21 § 22c; Leghorn broilers. 15618 c. ducks. 10® 12c; old cocks. 6®2oc. geyse. Bc. Potatoes —Chto. New York. Pennsylvania mostly 60 ©6sc per bushel sack. Maine Green Mountain IPO-:b sack mostly *IOSB 115: Idaho Russet medium to large. *1.6031 75 per 100-lb. sack. THE TARZAN INFLUENCE! Bovs 8. 6 Seo Jungle Film: One Hurl in Branrh-to-Branch Swing. By L nited prets SCARSDALE. N. Y.. June 2. Patrolman Joseph Cowley took Joe Jr.. 8. and Jim. 6. to f ee an African jungle motion picture. Wednesday, in rehearsing a swing from branch to branch, fell twenty feet to the top of an auto and was slightly hurt. Joe Jr. Is under close observation, Is a result, by Joe Sr., and Mrs. towley.

New York Stocks •Bv Thomson At McKinnon 1 '

—June 2 Railroad*— Prev High. Loo 11 90. Close Atchlaon 24‘j 234 244 384 Atl Com? Line 11 Balt & Ohio. .. . ... 34 34 Chet* Ac 0hi0... 114 104 104 104 Chet* Corp 8 6 Car. Pae 8 34 Chi Ort Wen 14 ... Chi N West 24 24 C R I A P 3 24 DC L & W 34 Del Ac Hudson... .. ... 38 39 Erie 24 Erie Ist pfd 3 Great Northern 54 54 Illinois Central 44 Kan City So 24 Lou Ac Nash 84 8 84 8 M K & T 14 Mo Pacific 14 14 Mo Pacific pfd 24 24 N Y Central ... 94 34 94 9 Nlcicel Plate 14 ... Nor Pacific 8 Norfolk Ac West 614 63 O Ac W 3 . r..a . . 64 34 64 64 Reading ... 10 124 So Pacific 7 64 64 7 Southern Ry 34 St Paul 4 Bl Paul pfd 14 14 St L Ac S F 1 1 Union Pacific . 34 324 33 344 W Maryland 14 Equipment*— Am Car Ac Fdv 4 34 Am Locomotive.. . . .. 4 Am .Stee; Pd . .7 4 33 3 4 Am Airbrake Sh . 44 Gen Am Tank . ... 104 11 General Elec ... 9 84 84. 94 Gen Ry Signal 8 74 Lima Loco .. .. 10 N Y Airbrake 5 5 Press Stl Car . . . 4 Pullman .. .114 104 104 114 Westlngh Airbr . 94 94 Westingh Elec,. 19 184 184 19 Rubbers— Firestone 104 11 Goodrich ........ . 24 24 Goodyear .. 74 84 *4 64 Kelly Sprgfld 4 4 Lee Ruober 24 U S Rubber 2\ 24 Motors— Auburn 32 4 31 4 32 32 Chrvsler . * 54 54 General Motors.. 84- *4 84 94 Graham-Patse Hudson . 3 Hupp ... 1 ’ 14 Mack 10 4 10 10 10 4 Marmon ... 4 Nash 84 8 8 84 Packard . . 14 14 Pi-rre-Arrow .. 14 Peerless 1 Re© 1; E riebakei .. ... 34 34 White Motors ... 74 Yellow Truck 14 Motor Access— Am Itosch . .. ... ... 34 Bendix Aviation.. 54 84 44 4 • Berg Warner .. 34 Brigs' 3 4 33 Campbell Wy 24 Eaton 4 E! Auto Lite . 84 *4 84 84 El Storage B ... 13 12*. 13 134 Motor Wheel 34 24 Murray Body 34 24 Spark* W 14 Stewart Warner 2. Timkln Roll 104 104 Mining— ... Am Metals . ... Jla Am Smelt 54 5 * 54 5 Anaconda Cop.. 3 4 34 34 34 Alaska Jun 94 94 *4 94 Cal Ac Hecla • 14 14 Cerro de Pa*c. 4 34 34 4 Dome Mines 94 84 94 84 Freeport Texas. 104 10 10 10 Granby Corn 24 Great Nor Ore 54 5 • Homestake Min. .. ... .. 125 Int Nickel 34 34 34 4 Kennecott Cop. 54 5 5 5 Magma Cop 84 Miami Copper 14 Nev Cons 24 24 Noranda ... 114 114 Texas Gul Sul . 124 124 124 124 U S Smelt 104 104 104 104 Oil*— Amerada 13 124 124 13 Am Republic ... 104 Atl Refining ... 94 94 94 ... Barnsdall . ... 3 s 1 34 34 3 Houston . ••• 14 Is Indian Refining j Sbd Oil 7 • • Mid Conti 4 Ohio Oil > 4 Pan-Amer iß> 30 4 31 Phillips O’* 24 24 3 Prairie Pipe ... *4 5 Pure Oil 33 Ravol Dutch 184 IS Shell Un 3 24 24 24 Simms Pt ... ••• 3 a Con- OU 8 4 4 4 4 Skellv , Standard of Cal 154 I'4 Standard of NJ22 4 22 2. - * Soc Vac 54 54 54 54 Texas Cos 94 94 94 94 Union Oil .... 8 4 8-i 81 8 s Steels— „ Am Roll Mills-. 34 34 34 34 Rethlehem .. . 8 <4 74 < * Bvers AM "4 <■* Mckeeroort Tin ... 28 28 Midland - Newton • • • : Renub I A- 8 . .. ■ 3 It 8 Steel 26 25 4 26 .8 Vanadium ■ • s * s * Tobaeeos — , Am Sumatra Am Tob IAI new 414 8] 4 J, ♦' Am Tob >B< new 884 44 4, , 45 117 Ac Mvers B 354 344 34 ■ 34 ToriUard 94 94 Jt 9, Reynold* Tob 264 -64 .6 4 2S United rie 1 It till ties — , Adams Evp \ • * * Am For Pr • • ••.. r, Am Pr A: Li 34 34 34 34 ATAc T 88 4 82 4 83 4 8a s Col Gas A- E> 84 84 4 Com A- Sou 14 14 l a z Cons Gas 33 4 31 4 32 a 33 a FI Pwr A: Li 34 3 Tntl T At T 24 24 24 24 Lou Gas Sc El.. 'Q. Natl Pwr & Li 74 64 < No Amer Cos ... 15 1 * 18 * }• Poe Gas A- El 174 17 174 174 Pub Serv N J 31 3 i 23 4 30 4 32 4 So Cal Edison ... ‘f;* Std C, A- El. 84 7. 74 84 United Corp ,3. 4 Un C.as Imp *O4 tit Pwr A- L A 14 14 West Union * 6 16 shipninc— ... ... Am Inti Corp... *.? r.? Inti Mcr M pfd 14 * United Fruit ... 114 104 10 a 12 FoaS* iiil Am Sugar 14 ,. *%* Armour (A> * * , n * Beechnut Pkg a 7,. Cal Pkg c!?* D clu'.'.7.7 '! •• MS 2S SSP •.

Net Changes

Bn I nited Pres* NEW YORK . June 1 —Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow; up os Allied Chemical 884 14 ... American Can 35 a • American Telephone • * , 3 Atchison -8 4 • ... Auburn 32 ... Bethlehem Steel 74 * Cave 184 * ••• Chesapeake A- Ohio 104 * . Columbia Gas 4 * Con.'ohdated Gas 33 • 2* Du Pont 'unchanged l .. 2 • Electric Power 34 ... 4 General Electric . >4 4 . General Motoys ....... !'’* * International Tele lunch 1 2-, . LoeW*. Inc *3 ' • ... Lorillard • • ?4 4 ... Ward j • • , Nf’A York C>tvral J • • North American * • • Pennsylvania , * •Public Service ... it R?s>a iunchanged! 24 . ... Seari Roebuck * .Standard Gas * ,S Standard Oil. Cal 14 . .4 Standard Oil. N. J 224 4 ... Texas Corp ... 3** * Union Carbide (unchanged' 16 •Union Pacific (Unchanged! 38 4 ... ... U. S Steel 2 4 ... Westinghouse Electric 19 4 ... Woolworth 28S * ••• •Ex-dividend.

Investment Trust Shares

<Bv James T Hamill Ac Cos ' PRICES ARE TO 12 NOON —J une 2 Bid. Ask. Am Founders Corp com 4 4 Amer and Gen Sec 1 .. . Collateral Trustee Shares (Ai.. 2 24 Cumulative Trust Shares 14 2 Diversified Trustee Share* tAi 8 Fixed Trust Oil Shares 1 Fixed Trust Shares 'A! 4 ... Fundamental Trust Shares <A' 2 24 Fundamental Trust Shares <B< 24 24 Leaders of Industry <At 2 Mass Inv. Trust Shares 10 11 Nation Wide Securities 14 2 Selected Income Shares 3 4 8 Trustee Std Oil 'A! 34 ... Trustee Std Oil <B> 34 T U S Elec Light and Pwr IA).. 9*. 114 Universal Trust Shares 14 2

New York Bank Stocks

-Bv Thomson and McKinnon< —June 1— Bid. Ask Panker* 284 3*4 •Broeklvn Trust 123 138 Central Hanover 79 Chase National 204 224 Chemiral 27 4 294 Citv National 284 264 Corn Exchange 36 Commercial ®* 10* Continental 104 124 First National 815 915 Guaranty 169 174 Irvin- 124 134 Manhatten *v Cos 15 Manufacturers I*4 11‘i New York Trust 524 5*4 Public 15 1$

Crm Wheat .... .. ... ... J* Cudahy Pkg 204 Gen Foods 21* a Grand Union *4 Hershey 4 < Jewel Tea Kroger .. 104 104 Nat BttCUlt .... 28 264 274 274 Natl Dairy ..... 154 154 194 15** Purity Bak 4S <4 PUlabury ... 114 Safeway St ... 374 37 J. 4 37- j Std Brands ... 9 84 84 9 Drug*— Coty Inc ... 14 Drug Inc 28 4 23 * 38- 25 1 * Lambert Cos 2*4 254 Leb.n Ac Fink 8 84 Indaatrfala — Am Radiator ... 34 *4 34 *4 Bush Term 4 4 Gen Asphalt Lehigh Port 4 34 Otia Eiev 94 10 Ulen 4 Indus them*— Air Red 354 38 4 38 4 36 Allied Chem . 874 87 874 B*'a Com Solv .... 34 34 34 34 Du Pont 25 4 25 4 25 4 25 4 Union Carb 184 154 16 16 U S Ind ASco ... 134 134 13 4 134 Retail Store*— Assoc Drv Gds 3 Kre?g S S 84 8 4 * 84 Mav D Store ... . ... 104 104 Mont Ward ... 8 4 8 8 84 PennyW! C .. 134 13 13 134 Schulte Ret St . Sear* Roe .11 124 124 134 Woolworth 284 22 4 224 284 Amusement*— Croslev Radio ... 2 4 Eastman Kod . 39 4 38 4 39 39 * Fox Film A 14 Griesbv Oru ... ... 4 5 Loews Inc .... 18 134 18 134 Param Fsm .. - ... ... 14 Radio Corp... J 24 2’a 24 R-K-O , . 14 Warner 8r0a... ** 4 ** 4 Misrellanecna— City Ice Ac Fu . 154 15 15 IS 3 * Congoleum . 64 7 Proc Ac Gam 264 26 26 264 Allis Chal . 84 84 84 84 Am Can .. 36 55 IS 3 , 354 | I <~a-* . . 184 18 184 184 Cor. Can 194 194 19'. 20 C-rtiss Wr 4 3* Gillette S R 124 ll’a 12 1?-. Gold Dust . *4 84 84 9 In' Harv . . 154 154 154 la In* B'is M 65’. 65 85 664 Real Silk 3 Un Arcft ... < 7'j

The City in Brief

Lecture-demonstration on sound transmission * was given today by Sergius F. Grace, assistant vicepresident of the Bell telephone laboratories. New York, at a luncheon of the Advertising Club at the Columbia Club, with members of several other organizations 'as guests. Benefit dance and entertainment for its unemployed members will be given Saturday night by Indianapolis chapter. Order of Eastern Star, at the Masonic temple, 1522 West Morris street. Dance pupils of Peggy Lou Snyder will be on the program. Mrs. Nita Harris is chairman. Mrs. Minnie Gerke is worthy matron of the chapter. Annual picnic, of. employes and city agents of the Indianapolis Life Insurance Company was to be held today at the country home of Mr. and Mrs. Frank P. Manly at Riverby. Experience in creating speed records in various part sos the country were related by E. G. <Cannonball! Baker at the weekly luncheon of the Indianapolis Building Forum ednesday. in the Architects and Builders building. Ward B. liiner, candidate for Governor, and Dr. C. S. Wikofl. candidate for United States senator, will be speakers at a Liberty party mass meeting tonight in Compton hall. 20?1 Winter avenue. Sam S. W’illman. football director of Ohio State university, will address the luncheon of the Optimist Club in the Claypool Friday and the Indianapolis section of the Ohio State University Association at 8:15 Friday night in the Washington. Willaman will be entertained at a dinner by local Ohio State men. That the League of Nations is a genuine factor in developing international good will was the assertion of Dr. David M. Edwards, executive secretary of the Indiana council on international relations Wednesday night before the Bible Investigation Club at the Y. M. C. A.

APPROVES WIDENING Works Board Action Will Start Street Jobs. Resolutions for street projects totaling $47,115, for further extension in widening and improvement of East New York and East Michigan streets were adopted Wednesday by the works board. Michigan street will be widened and resurfaced from Noble street to Pogu. s run at a cost of $37,059.68. Widening and resurfacing of New York street from Arsenal to Highland avenues at an estimated cost of $8,546.02 was included. Funds for four major projects were obtained in a SIOO,OOO bond issue sold Wednesday by the city controller. Campbell <fc Cos. of Indianapolia bought the issue at a premium of $4,159. Other streets to be improved are Sixteenth street, from Illinois street to Northwestern avenue, and Central avenue, from Thirty-fourth to Thirty-eighth streets. In the Air Weather conditions at 9 l in.; West-southwest wind, thirteen miles an hour; temperature, 74; barometric pressure, 29.99; ceiling, scattered clouds, unlimited; visibility, twelve miles: field, men at work. Passes Air Test Dorman Bennett, Capitol airport student, was awarded a private pilot's license by Joe T- Shumate, department of commerce aviation examiner, Wednesday at municipal airport. Bennett was instructed byHarry Boggs. Wins Aviation License J. W. Fields, aviation student of the Tarkington Aviation corporation. municipal airport, Wednesday passed the department of commerce examination and received his private pilot's license from Examiner Joe T. Shumate. Fields was instructed by Elvan Tarkington. Tuberculosis Authority Dies By United Press LONDON. June 2.—Dr. Marcus Patterson, 62, reiwwned authority on tuberculosis. Vied here late Wednesday.

THE INDIANAPOLIS TIMES

EARLY RALLY I ADDS 5 GENTS TO HOGPRICES Cattle and Calves Feature Steady Trend: Sheep Higher. Hogs displayed a firmer tone at the city yards this morning, prices rising 5 cents above Wednesday’s range. The bulk, 100 to 350 pounds, sold for $3.15 to $3.50; early top holding at $3.50. Receipts were esti- j mated at 2,500; holdovers were 98. No changes of importance were made in the cattle market. Action was normal and around steady. Receipts were 800. Vealers were steady at $5.50 down. Calf receipts numbered 600. Sheep and lambs were strong to higher, selling mostly at $6.50 to $7.50. Receipts were 400. Hogs were fairly active at the opening of the Chicago market this morning. Early prices were steady to 5 cents higher than Wednesday's average: good to choice 180 to 220pound weights selling for $3.50 to $3,555; 240 to 300 pounds. $3.25 to $3.40. Receipts were 21,000. including 5,000 direct. Holdovers were 4.000. Cattle receipts were 6.000; calves. 2.500; market steady. Sheep. 8.000: strong. HOGS Mav. Bulk Earlv Too. Receipt* 25 $.7.00*3 3.25 $3.35 7.000 26 3 00# 3.25 3.25 8 000 27 3 10# 3 35 3 80 6.500 28 3,10i@ 3 35 3.35 8.500 31. 3 00® 3 30 3 30 11.000 June. 1. 3.10® 3.85 3 50 8.000 2. 3.15# 3 50 3.50 7 500 Receipt*. 7.500; market, hither. (180-161) Good and choice... .$3.35® 345 —Lieht Lishts—-(l6o-180' Good and choice... 3.50 —Lleht Wriehts—-(lßo-200i Good and choice... 350 1200-2201 Medium and eood 3.15® 3.50 —Medium Weichta — 1220-2501 God and choice.. 3.35 T 3 85 <250-290' Medium and e00d... 3.25#' 330 —Heavy Weiehta—-<29o-3501 Good and choice... 3.15® 3.25 —Packinr Sows—-(3so-500) Medium and e00d... 2 25® 2.90 (100-130) Slaughter pigs 3.25 CATTLE Receipts. 800; market, steady. Good and choice S 5.50® 7.25 Common and medium 3.50® 5.50 a.ooo-i.Boo' Good and choice 5.75® 7.50 Common and medium 4.50® 5.75 —Heiter*— Good and choice 8 75® 600 Common and medium ..( 3.25® 8.75 —Cowi " * Good and choice 350 ® 8.50 Medium 2.751# 3.50 i Cull and common 1.50® 2.75 —Bulls (yearlinrs excluded)— Good and choice beefs 3 00® 3.75 Cutter, common and medium.. 2.25® 3.00 j CALVES AND VEALERS Receipt*. 600; market, tteady. —Vealer*— Good and choice $ 5.00® 5.50 Medium 3.50® 5.00 Cull and common 2.50® 3.50 —Calve* — Good and choice 3.50® 5.00 Common and medium 2.50® 3.50 ; —Stocker end Feeder Meers — Good and choice 8.50® 6.00 Common and medium 3.25® 8.50 <6OO-1.5001 Good and choice J.. 8 50® 6.00 Common and medium 3 25® 8.50 SHE! r AND LAMBS Receipt*. 100: market, ateadc. Good and choice $ 6 00-.i 7 50 Common and medium B.oo® 6.00 Ewes, medium and choice... l.OOir 2.00 Culi and common 50® 1.00 Other Livestock fly United Pro* CHICAGO. June 2 —Hogs—Receipts. 21.000 Including 5.000 direct; mostly steady, spots 5c hiehrr earlv; 180-220 lbs . s3.Bo'>/ 3.55; top. $3 55; 230-250 lbv. 53.30®3 85: 260-350 lbs.. $3.15®3.35; 180-170 lbs.. s3® 3.33: pigs. $2.75®.3; packing sows. $2.50® 2 90: light light*. 180-160 Tbs., good and choice. s3ii.3 35; light weights. 160-200 lbs. good and choice. $3.20# 3.55: medium weights. 200-250 lbs., good and choice, $3.05®3.55; heavy weights. 250-300 lbs, good and choice. $3.10® 3.80, packing sows. 275-500 lbs., medium and good, $2.50® 3: slaughter pics. 100-130 lbs., good and I choice. $2.65® 3 10. Cattle—Receipts. 6.000: j calves, receipts. 2.500: led steers and ■ yearlings, included light heifer and mixed ! yearlings, strong to 25c higher; trade active, clearance good; best weighty steers, $7.55. long yearlings $7.80. bulk $5.50® 7: strictly choice yearling heifers around $6.80: other classes firm: slaughter vattle and vealers. steers 800-900 lbs., good and choice. $6.25®7.50: 900-1100 lbs., good and choice. $6.25® 7.75: 1100-1300 lbs., good and choice, $6.50®7.75; 1300-1500 10*., good and choice, $6.50a 7.75 : 600-1300 lbs., common and medium. $8.50®6.50: heifers. 500850 lbs., good and choice. $5.25®6 50: common and medium. 58415.25; cows, good and choice. $3.75®8.75; common and medium, $2.75®3.75; low cutter and cutter. 51.25®2.75; bulls, yearlings excluded, good and choice beef. $2.85®8: cutter to medium.s2® 2.85; vealers, milk fed. good and choice. $5.50®.6.50: medium. $5®5.50: culi and common. s3®s; Stocker and feeder cattle: steers. 500-1050 lbs., good and choice. $8.75® 6; common and medium, 53.75® 8.75. Sheep—Receipts. 11.000; steady with higher tendency; good to choice native lambs. $6®6.50; closely sorted kinds, $6.75 by outsiders: choice shorn vearlings, ss® $5.35; slaughter sheep and lambs: j lambs 90 lbs. down, good and choice, s6® 6 85; medium. 55.25®,6: all weights common. $8®5.25; ewes. 90-150 lbs., medium Ito choice, $1472.35: all weights cull and common, Soe<&sl.7s. Bu United Prcn LAFAYETTE. Ind.. June 2.—Market steadv to 5c higher: 160-210 lbs . $3 25; 210-225 lbs.. $3.20: 225-235 lbs.. $3.15; 235250 lbs . S3 10; 250-300 lbs . S3: 300-325 lbs. S2 90: 140-160 lbs . S3: 120-140 lbs.. $2.90. 100-120 lbs.. $2.75; roughs, $2 50 down; top i calves, $5, top lambs. $6 fly L nited Prrss FT. WAYNE. Ind . June 2.—Hogs—Market 5c higher; p.cs and light lights. $3.10® 3 25: lights. S3 30® 3.40: mediums. S3 15® 3 30: heavies. $2.90® 3.15; roughs. $2 50: stags. $1.50, calves. $565.50: lamb*. ss® 5.50. fly United Prr* * EAST BUFFALO. June 2.—Hogs—On sale. 2 100 fairly active largely to packers: steady to 10c under Wednesday's average; good to choice. 160-220 lbs . "*3.85; top. 53.90; 225-240 lbs 53.75. pigs and plain lightweights. $3 50 Cattle—Receipts. 200: cows still dominating; generally stead - .; cutter grades. $1®1.75. few fat cows. $2 50 ®3: medium bulls. $2 50. Calves—Receipts. 175: sealers draegv: steady a - . Wednesday's full decline, bulk better lots. $6; common and medium. s4® 5. Sheep—Receipts. 1,400; lambs active, stead;- to strong; good to choice Kentucky lambs. $7 50. to mostlv $7.75. natives. $7.35 down, ln-betweeii grades. $7; throw-outs. S6s6 50. By t nited Prr* EAST ST LOUIS June 2—Hogs—Receipts. 9.000: mark® strong to 5c higher: top. $3 40: bulk. 160-260 lbs . $3 25# 3.35: 260-300 lbs.. $3.15# 3 25: 100-150 lbs.. $2.75 ® 3.20: sows. $2 40® 2.65. Cattle —Receipts. 1.800: calves. 900: narket. moderately active and generally- steady to strong with vealers steadv to 25c higher at $5.50® 5.75; earlv steer sales. $5.506,6.50: mixed and heifers. $8.75 3 5.80: some better kinds unsold: cows. $2.756 3.50: low cutters. $1.25 ® 1.75: top sausage bulla. $2.75. Sheep— Receipts. 3.000: market, opened strong to 25c higher: packers, mostlv talking steady; 1 choice lambs. 56.50ff6.75: buck lamb*. SI less: throw-outs. $3 50; fat ewes. 51.50 i down. By United Preet I PITTSBURGH. June 2—Hogs—Receipts. 2.250: market, steadv to 5c higher; 150210 ibs.. $3,65 5 3.80: 220-yo lb* . $3.35® 3 60: 100-180 lbs.. $3 10®3.40: paohuu? sows. *2® 2.50. Cattle —Receipts. 10market. unchanged, good steer* auoted at $5 80® 6.30; medium to good heifers. *8.25 4 5 65; beef cows. s3# 8.25. Calves—Receipts. 200: market, steady; good and choioe vealers. $5 56. Sheep—Receipts. 1.000: market, around steadv; good and choice lambs. $6.506.7.35: vearlings. $4.25® 5 25: aged ereathers. 5292.25. By Timet Special LOUISVILLE. June 2 —Cattle—Receipt*. 150: steady; common and medium steers and heifers, $4.2565; better finished dry feds eligible to $5 75 or better; beef cows and bulls. $3 down: low cutters and cutter*. $162.25: calves, receipts. 250; quality and sorting considered; market, steadv j to 50c lower; sharp discrimination against heavv grass calves: bulk better vealers. SBO 5; medium and throwouts. $3.50 down. Hogs—Receipts. 700 10c higher: 170-220 lbs.. *3.80: 225-255 lbs.. *3.10: 260-295 lbs.. $2 75: 300 lbs. up. *2.25: 180-165 lbs. $2 80: 135 lbs. down. $2 80: sows. $1.2562 stags. ! mostlv $1 Sheep—Receipt*. 3.000; fullv steady: bulk better ewes and wether lambs. 56.25 to mostlv $6.75: choice. s7® 7 25: bucks. *5 25 to' mostly $5 >5. few. S6 or better medium and light lumbs. $5®5.50: 1 throwouts. *BOB 50: fat ewes, mostly *l6 I 1.56: choice lightweight* to $2 Wedne*dav a shipments—Calve*, I*7, and aheep, i 3.165. NEW YORK COFFEE RANGE —June 1 High. Low Cos*. I Mar .643 6.82 6.4$ I September * 88 8.46 * 48 > December ... 642 tJ9 829

BELIEVE IT or NOT

f- 4 BbßbF " ~ m i‘W\ — 1 .1 50 000'*° A PET SQUIRREL v MILES- r RETURNED 200 MILES ALONt a T a _ A Distance of Twice around The world a&andoneo in the nouNTAtNS / . wrourt A RADIUS OF ONE COY BLOCK / John PoNO,&orl.nswn*.G*t.

Dow-Jones Summary

Abraham Ac Straus Inc. declared a dividend of 30 rents on common stoex payable June 30. of record June 21: previously the company paid 37 4 cents Quarterly. Industrial Karon declared a quarterly dividend of 50 cent* on common stock, tilarint stock on i! annual basis, aeainst $1 previously; dividend parable Julv I. of record June 15. Johns-Manville declared the reculai Quarterly dividend of $1.75 on preferred stock, pavable Julv 1. of record June 16. Stockholder* of Great. American Insurance Company anprored reduction tn capital stock to $8,150,000 from $16.300.000 and par value to $5 from *lO. Vortex Cup declared the regular quarterly dividends of 624 cents on clasrA and 37 4 cents on common stock, both payable July 1, of record June 13. Taylor Milling Corporation declared the regular quarterly dividend of 15 tent*, payable July 1, of record June 10. Mountain Producers declared the regular quarterly dividend of 20 cent* Consolidated Railroads of Cuba report for quarter ended March 31. 1932. net income amounting to $2,184 after expenses etc., against *613,750 In March quarter of 1931; net income for nine months ended March 31. 1932, totaled $9,051. against $1,888,238 in like period of previous year. San Joaquin Light and Power Corporation declared the regular quarterly dividends of *1.75 on 7 per cent prior preferred: *1.50 on 6 per cent prior preferred series A; $1.75 on 7 per cent preferred series A, and $1.50 on 6 per cent preferred series B. all payable June 15, of record June 2. California oil umpire estimate* state's oil production on May 30 at 471.875 barrels or 4.825 barrels under the state's new daily allowable quota. During May Chicago, Milwaukee, Bt. Paul Ac Pacific Railroad Company handled 88.188 revenue freight cars, against 93.943 In April and 126,812 in April last year; for first months of 1932 loading were 883.288 against 627,023 for like 1931 period.

New York Curb Market

Bv Thomson <k McKinnon) —June 2 11:00 11 00 Alum Cos of Am 224 Gt A Ac P 107 Am Cvanamid . 2 Gulf Oil 28 Am Gas Ac El 184 Humble Oil . 354 Am Sun Pwr.. 14 Irr.o Oil of Can 64 Ark Gas A ... 4 Int Pet 8 4 Ass GAc Elec 14 Nat Bd A- Sh. . 84 Braz Pwr A- Lt 7-’* Nla Hud Pwr.. 24 Can Marc.... 4 Prnroad 1 Cent Sts Elec.. '. S* Regis Paper 14 Cities Servie*- 2 Salt Creek 3 Cons G of Balt 40 So Penn Oil . . 12 Cord 2 Std of Ind 164 Deer Ac Cos.. 84 Sfutv 104 El Bd Ac Sh 54 Un Gas A ... 4 Ford of Can ... 54 Un Lt A Pwr . 14 Ford of Enc 2'. Un Verde 14 Goldman Sachs. 14

Foreign Exchange

<Bv James T Hamill A- Cos i —June 2 Sterling England 3.684Franc. France 03314 Lire. Italv 05134 Franc. Belgium 1398 Mark. Germanv 2366 Guilder. Holland 8053 Peseta. Spam 0826 Krone. Norway I*4o Krone. Denmark 2015 Yen. Japan 3300 CHANGE IN PICKETING ORDINANCE OPPOSED Kiwanis Club Passes Resolution Against Repeal Move. Proposed change in the city ordinance on picketing was opposed unanimously Wednesday by members of the Indianapolis Kiwanis Club at its weekly luncheon meeting at the Claypool. Henry L. Dithmer, who tendered the resolution, declared that any change in the ordinance would result in growth of racketeering in Indianapolis. The city council is expected to act upon an ordinance to repeal the picketing ordinance at a meeting Monday night.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK ! MEMBERS N*w York Stovk Kxehang* Chicago Slack Exehaaga Nw York Cotton Exchange Chicago Board of Trad* Now York Carb Association Rooms 200*214 Circle Tower Telephone Lincoln 55* I

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 Bridge of the Gods—The Mihashi, or Sacred Red bridge, spanning the frothing mountain stream of Dayi Gawa near Nikko, is one of the most picturesque objects in Japan. It is reserved for the.- exclusive use of the gods of Japan, and the Tonno tSon of Heaven>. official title of the Japanese sovereign. No mortal may cross on it. Its vivid red coloring is traced to the fact that in former days human blood was used to dye it. j The blood donors would slash themselves with long knives to obtain the fluid for the purpose. Mere mortals use another bridge, made of plain granite, to cross the stream nearby.

Friday—“ The Death's Head Pearl.”

In the Cotton Markets

CHICAGO —June l High. Low Close. January 5.85 5 *8 5.88 March 5.99 5.67 5 67 July 5.85 5.13 5.13 * October 5.68 5.30 5.31 December 5 78 5.82 5.83 NEW YORK High. Low. Close January 5.78 5 45 5.85 March 5.95 5.62 5.62 May 6.08 5.76 5.76 July 5 32 8 99 5.00 October 5.58 5 25 5.26 December 5.72 5.37 5 38 NEW ORLEANS High. Low. Close. January 5.77 5 80 5.80 March 5.91 5.55 5 55 May 6 00 5.70 5 70 July 5 36 5.00 5.00 October 5 57 5.20 5.21 December 5.73 5.31 5 35

Other Livestock

fly United Press CINCINNATI. O . June 2.—Hog*—Receipts, 3,800, including 950 direct held over none; active, generally 15c higher on weigljts scaling upward from ICO lbs ; spots 20c up. lighter weights steady; better grade 160 to 250 lbs, 53.5053.65; mostly 53.65 on 220 lbs. down: 280 to 300 lbs , $3 2593.50; 130 to 150 lbs. throwouts. $3 25 : sows steady to strong at $2.2532.50 mostly. Cattle—Receipts, 875; calves. 500: salable supply too light to make a market: a few odd sales around steady; some common and medium steers and heifers, *®*s.so: a few better finished yearlings. *5.75; beef cows, S3 25ft3.75, low cutter* and cutters, $1."5.9 2.75; Jjulls. $2 50ft 3; a few outstanding, $3 25; vealer* steadv to weak, spots 50c lower: good and choice. ss® 5.50, mostly; few selected choice $6: iower grade hr.ndwe.ghts $5 down Sheep—Receipts. 1 300: iambs fairly active fully steady at S7j7 25. mostly, strictly choice absent: common and medium, *s® 6: some mixed lots $6.50; sheep steadv. fat ewes, lift $1 50. Bn L nited Prr** CLEVELAND. 0.. June 2,—Hogs—Receipts. 1.100: holdover, none; around 10 to 15e higher: 160-230 lbs., $3 70 to *3.75; 2803CO lbs.. $3 40®3.50; 140 io*. down $3 23ft 3.50. Cattle—Receipts. 150. light weight steer*. 25c to 50e higher: tfade forced by small numbers; common to’ low good 750 tn 890-lb. weights. $4 753.*: good to choice iicht heifers. *5 25® 6 Calve*—Receipts. 500: active strpng to higher: light weight vealers, $6 50 iree’y: sjjaringly, *6 75ff7; cull to medium. I*'?!*; neavjes, ss<ffs.so. Sheep—Receipts. 300. lamb* s*rong. vearhr.ss. *3 downward: medium to good aorts. S3 So to *B. Bn United Press TOLEDO. June 2—Hogs—Receipt*. 250; market, strong to 10c uo: heavy vorkers, S3 35'- 3.50: mixed *3 25ff3.80; bulk, *3.25 ft 3.80. pigs. $3; lights. $3. roughs. s2ft 2.25. Cattle—Receipt*. 100: market, steady. Calves —Receipts, light: marker steady. Sheep and Lambs—Receipts, light; market, strong, tprlng lambs. *3®7. New York Liberty Bonds —June 1— Libertv 34s '47 100.11 Liberty Ist 8s 87 100.23 Liberty Ist 84* '47 101.17 Libertv Bth 84s 38 102,10 Treasury 8s '52 103.12 Treasury 8s 'SB 100.50 Treasury 3s '55 . 89.12 Treasury 34s '56 97.20 Treasury 34s 'B3 'March! 95.26 Treaturv 34s ‘B3 (June< 96.40 RAW SUGAR PRICES —June 1— High. Low Close. January 77 .78 .77 March 80 .79 .80 Mav 86 .83 .88 July 61 .59 .61 September 68 . 68 . 68

DV |U*l*tered r t P> X Patent Office RIPLEY

Bright Spots of Business

By United Pres* NEW YORK. June 2.—A decrease In business failure for the week ended Mav 26 was reported bv Bradstreet s todav with a total of 596. against 613 in the preceding week. CHICAGO— Freight ear loading* of the Rock Island during the week ended May 18 totaled *2.218 ear*, against 21.108 cars in Ihe preceding week. NEW YORK Automobile output in the final week of Mav was estimated bv Sie-.n. Alstrln Ac Cos at 87 127 unit*, against 86.870 units m the third week of the month. CHlCAGO—Chieago Dork and Canal Company declared an extra dividend of 7.3 cent* a share on the common stock. NEW YORK —Shipments of electric refrigerator* bv the Kelvinator C.n during Mav were 17 per cent higher than In May 1931

Cash Grain

—June 1— Tire btd* for car lots ©f grain at the caii of the Inriinnaooli* Board of Trad*, f. o. b shipping point, basis 814 c New York rate were Wheat—Weak: No 1 red 884ff85 4c: No. 2 red. 834088 4c; No. 2 hard. 83 4ft 834 c. Corn—Weak: No. 2 white. 23®28c: No 3 white. 22® 23c No. 2 vellow. 32® 33c: No. 3 vellow 21 ft 22r: No 2 mixed 21® 22c: No. 3 mixed. 20023 c Oats—Easv: No. 2 white. 174®184c: No. 3 white 164ff174r. Hav—Steadv. <F. o. b. countrv point* taking 234 c or less rates to Cincinnati or Louisville.) No 1 timothy. *7©7.50: No. 2 tlmothv. *606 50. —lnspections Wheat—No. 2 red. 3 cars Total. 3 cars. Com—No. 2 white. 1 car: No. 2 vellow. 4 cars: No. 3 mixed. 1 car. Total. 6 cars Oats—No 3 white. 5 cars. Total. 5 cars.

Local Wagon Wheat

Citv grain elevators are paving 82c for so. 2 wheat and 82c for No. 2 hard rheat.

We Sell Highest Quality at Lowest Prices. Robt. Bryce 5c CASH re ill for Your GASOLINE COUPON REDEEMED AT OUR STATIONS Regardless of whose gasoline coupons you have, issued by any concern, including our own, they may be redeemed at full value. That is, you pay for 5 gallons of gasoline and we give you six gallons and in addition 5 cents cash for your coupon. This offer is good on both our U. S. Motor Gasoline and our celebrated Red-Flash 100 per cent anti-knock gasoline. We sell highest quality at the lowest price. BRYCE Gas Stations 20 W. Michigan Street Meridian ai South 1225 E. Washington 1230 E. Marlowe Ave.

JUNE 2, m 2

GRAIN FUTURES SELL GOWN ON LIGHTJUPPORT Weak Cables. Rain Reports Are Factors in Weak Market Action. BY HAROLD E. RAINVILLE United Pre* Staff Correspondent CHICAGO. June 2.—Whear declined another fraction as the Board of Trade opened today. Weak cables. rains over the south and northwest and the general uneasiness over the financial situation kept the market easy. Stocks were steadier, but wheat found little support to offset the scattered selling. Corn showed independence and firmed up. scattered buying on the excessive moisture over the belt and the low level* prevailing bringing in some support. Oats was easy, with September equaling its season's low. Rye was weak, with July setting another new low. At the opening wheat was ' cent to 4 cent lower, com was unchanged to \ rent highpr. oats l cent to \ cent lower and rye * cent to -\ cent lower. Provisions were weak. Liverpool opened about as expectrd and at mid-afternoon was \ rent lower. The rank and file of the grain trade regarded the 5 cents per SIOO tax proposed on futures as confiscatory. This broke wheat Wednesday after an early rise with stocks and on the bullish interpretation of the private reports. The action of cotton in New York, setting new lows for sixty years, also tended to undermine confidence. Liquidation in com after the decline in wheat sent all deliveries into new low ground for the season. Liquidation in the other grains weakened oats and prices are around the lows of the season. Trade is running light. Chicago Grain Range —June 2 WHEAT- Peer. High. Lnw. 11 0b closv. July 534 .554 .55' .554 Sept. . 57 4 .57 4 574 574 Dee 80', -80 . 60', 604 CORN July 294 .29 29 29 Sep? 314 .314 314 3!> Dec 32', 324- 32 4 . 32 4 OATS - July 22 .31 4 22 22‘i Sep? 22 214 22 22 Dee 234 RYE - July .34 4 33 4 38 4 3i4 Sept . . 34 354 3fi’, 3*4 Dee’ 38'.- .38', .384 38’, LARD--,I„lv 3 85 3 62 3 65 3 87 Sept. 3 77 3 72 3 72 3 77 Oct 3 80 3 82 Bn Time * Special CHICAGO. June 2 Cntlotv When’ 18; corn. 59; out*. 32; rye. 0. n<t buries. 2. By 7 i me* S prein I CHICAGO. June 1 Primary receipt,: Wheet. 501.000 again--: 1.867.000; corn. 358.000 against 129.000 oats. 225 000 against 100.000 Shipment- Wheat. 6nsono against l.oss 000 torn. 190 000 against 871.000. oat*. 355,000 against 298.000 flv T nited Pre** TOLEDO. June 1 Close Grain In elevator'. ’rans;t billing Wheal No 2 red. 55® 56c Corn- No. 2 vellosr. 31 ff 32c Oats No 2 white. 254626' >e. Eve—No 2 80 ®4lc Track pricer 28 4c rate Wheat - No 2 red. 89' # 50c No 1 red. lr premium. No 3 red. '-to 3 rent* discount: No 4 red 2'.. to 4 rent* discount CornNo 2 yellow. 764677 c. No. 3 vellow 25'* ® 26c Oafs—No 2 white 224ff234r; No. 3 white 214P.27' -c Clover—Prime. 9 Alsvke—Cash. 53.75 BuMer- Fancy creamery p-ints. 22c Eggs--Extras. 11c. Hay—Timothy, per cwt. 80c. By United Per** CHICAGO. June 1 Crsh gram close: Wheat—No 2 red. 57c: No 3 red. 56c No. 2 hard. 57c: No 3 hard 56c No. 1 mixed. 554 c: No. 2 mixed. 554 c; No 3 mixed. 56c; No 4 mixed. 584 c: sample grade red. 53c; sample grade mixed. 52c Corn—No. 2 mixed. 294 c: No 1 vellow. 3040304 c No. 2 yellow. 3040304 c: No. 3 vellow. 30ff> 304 c: No. t vellow. 294 c: No 1 white. 304®31c; No 2 white 3040304 c. Oata —No. 2 white 2246224 c; No 3 white. 214# 22 4c. Rve No sales Barley—3Bo 86c. Timothy—s2.7so3 Clover—s 9 25® 18. sr.no in cash A CHANCE TO WIN ... AT NO COST TO YOU! Six Lucky Sales Slip awards to cash winners every day. Get in this contest today. Read all about it in The Times today.