Indianapolis Times, Volume 44, Number 26, Indianapolis, Marion County, 10 June 1932 — Page 19

JCTTE 10, 1032.

RISE IKi AUBURN ADD'd STRENGTH T f J) STOCK LIST Ayho Issue Soars to 60 1-2: I Up 15 5-8 From Pre- / vious Close.

Average Stock Prices

AvrrtjK of thirty Industrial* for Thura- § d*v 45 12, >in .12. Average of twenty rails f r-35 tip .11. Average of twenty utilities F 17 05, >ij> 25. Average of forty bond* 70 31, off .54. BV ELMER C. WAI.ZER United Press Financial Editor NEW YORK, June 10.—A sensational nap in Auburn Automobile stock at the expense of a large short Interest today gave Wall Street a thrill not experienced in many months. The Influence of the advance in Auburn which carried it up to a level more than 100 per cent above its low of the year had a favorable effect on the entire list. Around noon the general market was up fractions to 2 points and a more confident attitude was being displayed by the trading element. Auburn, which on May 5 sold at anew low at 2R*t, today was carried to 60 1 4, up 15% points from the! previous close which in turn represented a gain of 8% points for the; session. Auburn I* Sensation Auburn has been the market sensation this year. Back on Jan. 14 it reached a high for the year at 151** when sales were booming for the company's cars. Then came a slump in the automobile business and a. sharp drop in Auburn stock. A few days ago the company slashed pricea, increased its number of employes and declared the regular dividend. These factors apparently were responsible for the frenzied short covering of the past few days. Leading industrial shares were strong around noon, while consistent gains were recorded in utilities and rails. International Shoe rose mora than a point to 37'* in its division on reports of improvement in the shoe industry. Wheat Futures Spurt i Coca Cola rose to 9114, up 2>i; Al3ied Chemical 49 '4, up I'/*; United States Steel 25 %, up 1; International Business Machines 68, up 214; American Telephone 82%, up I**; Peoples Gas 51 Vi, up 2V4; Public Service 32%, up 1%; North American 17Vi, up 1; Atchison up IV4, and Union Pacific 36%, up 1%. Wheat spurted 114 to IV4 cents a bushel, being influenced by a bullish crop estimate as of June 3, issued Thursday afternoon by the department of agriculture. Both the winter and spring wheat crops were found sharply under recent estimates, a factor making for higher prices for the cereal. Cotton held steady. Domestic corporation and railroad bonds turned irregularly lower but United States government issues were firm.

Bank Clearings

INDIANAPOLIS STATEMENT , —June 10— Clearings *1.884.000.00 Debits 5,793,000.00 TREASURE STATEMENT —June 10— Net balance for June 8 *256.067,208 42 Expenditures 14,534,354.85 Customs rect*. month to date 4.429,626 99

Foreign Exchange

(Bv James T. Hamill A Cos.) —June 10— Sterling. England 3*67% Franc. Franc. .0394 % Lira. Italy 1395 Franc. Belgium .0513% Mark. Germany 2373 Guilder. Holland 4048 Peseta. Spain 0825 Krone, Norway 1829 Krone. Denmark *JO7 Yen. Janan $162

New York Curb Market

(By Thomson A McKinnon) June 10— 11:00 11:00. Alum Cos of Am 22% Ford of Eng ... 2% Am Gas A Elec 15% Great A A P. .110% Am Sup Pwr. l>flmp Oil of Can 6% Ark Gas A . .’. % ; Int Pet 8 Ass Gas A Elec. 2 ]Ft, Prod 3% Cent Sts Elec % Nat Bond A Sh 19 Cttiea Service.. J> • Nia.Hud Pwr.. 3 Cons Gas of B 42%'Std of Ind ...; 17 Cord 3 U Trans Air Trans 1% Elec Bond <fc Sh 6% Un L( Ac Pwr A 1% Gen Aviation... 2 Ut Pwr 1 Ford of Can ... 6 iUn Fndrs %

New York Bank Stocks

(By Thomson A McKinnon) —June 9 Bid. Ask. Banker* 40% 42% Brooklyn Trust 138 153 Cantral Hanover 87 91 Chase National 2.7 25 Chemical 29 31 City National 28 30 Corn Exchange 40 43 Commercial 95 103 Continental 11% 13% Empire 14 15 First National 910 1010 Guaranty 191 196 Irving 14% 15% Manhattan A- Cos 17% 19% Manufacturer* 18 20 New York Trust 59 62 Publio 18% 20% COXEY IS_ON WARPATH Threatens to Ask Court Ban, if Ohio Votes for Hoover. By United Press WASHINGTON, June 10.— “General” Jacob S. Cox?v threatens to a*k the courts to nullify President Hoover’s renomination unless the Ohio delegation votes for Coxey in the Republican conventionThe now elderly man who led the famous army of unemployed to Washington years ago, declared he was entitled to the delegation’s support under Ohio law. because he received 75,844 votes in the state's preferential primary, against 8,154 for Mr. Hoover, whose name was not on the ballot He said the •machine'' nevertheless instructed the delegates to support the President. DELAY AKRON’S FLIGHT Report of Unfavorable Weather Is Cause of Change in rians. By United Press SUNNYVALE. Cal., June io.—departure of the naval dirigible U. S. S. Akron for Lakehurst. N. J., was postponed until daybreak Saturday by Lieutenant C. E. Rosendahl, after reports indicated unfavorable weather along the southern route. Tha Akron had been scheduled to leave the Sunnyvale mooring mast at dawn today on the return flight across the continent, after having participated with the Pacific fleet in maneuvers.

New York Stocks —————— b* Thomaon A McKinnon)

—June 10 — r Prev. ! Rtilraad*— High. Lew 11 00 Close A'chlaon 2*’ < 25% 25% 25% At! Coast, Line 14% Salt A Ohio ... 5*4 5% S'* 5 Chesa A Ohio .. 11’. 10% 11 11 Chesa Corp .... 6% 6% 8% 6 Can Pac 8% Chi N Wmi 3 Del A Hudson 39 Ena 3% Erie l*t pfd 4% Great Northern 7% Illinoi* Central 6% Lou A Nash 9% 10 MKA T 2 Mo Pac ' ... 2 Mo Pacific pfd.. 3% N Y Central .... 10% 10 10 10 NY NH * H 7% % Nor Pacific 0% 6% 6% 8% Norfolk A Went '. 64 O W 5 Pere Marq 3 Pennsylvania ...8% 8 8 8 Reading 10% flo Pacific 8 1 , 8% 8% 8% Southern Rv 4 4 St Paul i St Paul pfd Hi Union Pacific .. 36‘4 35% 38 34 s , Wabash 1 1 W Maryland 1% West Pacific % Equipments— Am Car A Fdv 3% Am Locomotive 4% Am Steel Fd 3% Am Airbrake 8h 7 C*en Am Tank... .. ... 11 H General Elec.... 10'4 9V 10 9% Lima Loco 10 Pres* Stl Car \ % Pullman 12% Westlngh Alrb io Westingh Elec .. 20% 19% 19% 19’. Rubbers— Firestone 10% Goodrich 3 >/* 3% Goodyear 7% 7 Kelly Sprgfld ... *; U 8 Rubber 2 1% 1% 3 Motors— Auburn 50% 47% 49% 44% Chrysler % 6% 6% fi% General Motors.. 8% 8% 8% g% Graham-Paige 1% 1% Hudson 5% ' Hupp 1% Mack 11% 11% 1 Nash 9% 9% 9% 9%' Packard 1% 1 Peerless ... ... % Studebaker ... ... 3%White Mot ... .. 7 Yellow Truck ' ’. 1% Motor Access— Rendix Aviation 5% 5 5 51. 1 Borg Warner .. S’. 3% 3% 3’, Briggs 4’. Budd Wheel 1 El Auto Lite 9% El Storage B 16% Hayes % ... Honda , ... ... 1! Motor Whees ... 2% 2 2% 2% Murray Body 3 Stewart Warner .. ... 2% 2% Timkln Roll 9% Mining— Am Smelt ... 6 j Am Zinc .. 1% I Anaconda Cop.'. . 4 4 Alaska .Jun 7% 7% 7% 7% ! Cal A Hccla 1% Cerro de Pasco,, .. ... 4 4 j Dome Mines 8% 8% • Freeport Texas.. . ... IPs 11 Great Nor Ore.. 6% 6 6 6% Ini. Nickel 4 3% 4 4 1 Inspiration ... ... 1% I Isl Crk Coal 10% 10% j Kenneeott Cop.. 5% 5 5 5% 1 Magma Cop ... k 4% 4% Miami Copper 1% ... Nev Cons 25a | Noranda ... ... 11% Texas Gul Sul 13% 13% ! U S Smelt 11 10% 11 11 Oils— Amerada 14 ... Atl Refining in 9% 9’% 10 j Barnsdall 3% 3% 3% 3% Houston ... ... 1% Sdb Oil 7 6% 7 6% Mid Conti 4% 4% Ohio Oil 8% 6% 8% 6% Phillips 3% 3 Vi Royal Dutch 14% Shell Un 2% Simms Pt 4 j Cons Oil 4% 4% 4’ 4% Skellv ... 33 Standard of Cal 17 16% 17 16% Standard of N J 23% 23% 23% 23% | Soc Vac 6% 6% 6% 6% Texas Cos 9% 9% | Union Oil 9 9% Steels— Am Roll Mills 4 4% j Bethlehem 8% Byers AM 7% Ludlum ... ... 2% McKeesport Tin.. 29% 29% 29% 30 Midland 2 Repub I & 8 ... 2Vi U S steel 24% 24% 24% 24% | Vanadium ' ... 5% 5% j Youngst S A W 4Vi Youngst SAT.... ... ... 5 Tobacco*— Am Tob <AI new 43% 42% 43% 42% Am Tob <B> new 47 5 ,\ 46% 47 47 Lig A Myers iB) . .. 38 37% Lorillard 10% 10% 10% 10% Reynolds Tob 28% 28 United Cig % Utilities — Adams Exp 2% 2 Am For Pwr ... 2% 2 Am Pwr A LI.. .6% 5 5 4% A T A T 82% 81% 81% 8.% Col Gas A El.. 6% 6 6 6 Com A Sou 2% 2 2 2 Cons Gas 34% 34 34Vi 34 El Pwr A LI 4 Gen Gas A % Inti TAT.... 3% 3% 3% 3% Lou Gas A El ... ... 12% ! Natl Pwr A Li 8 No Amer Cos ... 17 16% 16% 16% 1 Pac Gas A El.. .. ... 20 19% | Pub Ser N J ... 32% 31 % 32 31 >, j So Cal Edison 19 18% ■ Std G A El 8% 8% United Corp ... 4% 4% 4% 4% Un Gas Imp 12% 12V* 12% 12% Ut Pwr ALA 2% 2% West Union 15% 14% 14% 15% Shipping— Am Inti Corp... 2% 3 United Fruit 13% 13% Fondr.— Am Sug 14% Armour A % % Beechnut Pkg 30% ... Coca Cola 88% 88 88V2 88% Cont Baking (Ai 2% Corn Prod 29 28’* 29 28% Cudahy Pkg 21 Vi Gen Foods 21% 21 21% 20Vs Grand Union 4 Hershev ... ... 52% Jewel Tea 17 Kroger ... 10% 10% Nat Biscuit 28% 27% 28% 27% Natl Dairy 16 15% 16 15% Purity Bak ... ... 6 Pillsbury 12%

Produce Markets

Delivered in Indianapolis prices; Hens, heavy breeds. lOq: Leghorn hens. 8c; broilers, colored springers, 2 lbs. and up, 16c; 1% to 2 lbs.. 13c: bareback and partly feathered. 10c: leghorn and black, 1% lbs. and up. 13c; cocks and stags. 4c; leghorn cocks. 3c. Ducks, large white, full feathered and fat. 7c; small. sc. Geese, full feathered and fat. sc. Young and old guineas. 15c. Eggs. No. 1 current receipts. B%c. Duck eggs. sc. Loss off for rots, blood rings and mashed. Butter—--21@22c: under grades. 18® 19c. Butterfat —ls c. These prices for healthy stock frea from feed. Bv the Wadley Company. By United Press

NEW YORK. June 10.—Potatoes—Market, active: Southern. *1.5003.50 barrel: Bermuda. $5.50 V 6 barrel: Maine. $1.20® 1.65 barrel: Canada [email protected] barrel. Sweet potatoes—Market, dull; Jarsev baskets. 25c @*1.50: Southern baskets. 75® 85c. Flour —Market. Quiet: spring oater.ts. [email protected] barrel. Pork—Market ouiet; mess. $17.25. Lard—Market, firm; middle west soot. $3 95 @4.05 per 100 lbs. Tallow—Market, ouiet: special to extra. .01%®.02%. Dressed poultry—Market steadv: turkevs. U@3oc: chickens. 14®27c: fowls, 8(019c; Long Island ducks. 12@15c. Live poultry— Market, dull: geese. 7@l2c: ducks. B@l6c: fowls. 14@17c: turkevs. 10@20c: roosters. 9@l2c: broilers. 14® 27c; chick-n pullets. 33® 28c Cheese—Market, dull: state whole milk fanev to special. 10@20e; voung America. ll@ll%e.

By United Press CHICAGO. June 10.—Eggs—Market, steady, receipts, 15.647 cases; extra firsts. 12\@13%c: firsts. 12'@12%c: current receipts. ll%@ll%c; seconds. 10%c. But-ter-Market. steadv; receipts. 14.758 tubs; extras 16%c; extra firsts 16®16c: firsts. 15@15%c; seconds. 12®14c; standards. 16%c. Poultry—Market, weak: receipts. 32 trucks: fowls. 11%@12c: leghorns. 10c; ducks. 8@ll%c: eeese. 8c: turkevs. 10013 c: roosters. 8c: broilers. 14®19c: Leghorn broilers. 12@13c: stags lie. Cheese-Twins. •9%@10c: voung Americas. 10%@10%c. Potatoes—On track. 210: arivals. 74; shipments. 95.7 market dull, firm; Wisconsin Round Whites. 85090 c; Idaho Russets. $1 @1 15; Southern Bliss Triumphs. *l2s® 1.50. By United Press CLEVELAND, June 10.—Butter—Market, steady: extra*. 20%c: standards. 20\c. Eggs—Marker, steadv; firsts. 12%c; current receipts. 12c. Poultry—Market, steadv; heavv fowls. 12® 13c; medium fowl*. 13® 14c: Leghorn fowls. 10® 12c; heavy broilers, 20<u 22c; Leghorn broilers. 12@15c; ducks. 10@12c: old cock*. 8® 10c; geese, 7® Bc. Potatoes—Ohio, New York. Pennsylvania, $1.1501.30 per 100-lb. sack; Maine Green Mountain, 1101.10: Mostly *1.05 per 100lb. sack; Tdaho russets. *1 [email protected]: few higher per 100-lb. sack.

In the Cotton Markets

CHICAGO —June 9 High. Loau Close January 5 62 5.47 5.51 March 5 66 5 60 5 62 July 5.17 5 03 5 05 October 5 41 5 22 5.27 December 5 55 5 34 5.32 NEW YORK January 5 64 5 3* 5.38 March 5 72 5 54 5 57 May 5 86 5 69 5.71 July 5 10 4.92 4 93 October 5.35 5 15 5.18 December 5 49 5.30 5 32 NEW ORLEANS January 5 40 5 36 5 40 March 5 69 5 50 5 54 May 5 69 5 SO .4 54 Julv 5 11 4 93 4.95 October 5 S3 5.13 5 17 December 5.41 5.29 5.33

Safeway St 37 36% 36% 3* Std Brands 9% 9% 9% 9% Drugs— Coty Jne 1% 1% Drug Inc 26% 36% 26% 25% Lambert Cos 31 31 Lehn A Fink 9% Industrials— Am Radiator.... 3% 3% 3% 3% Gen Asphalt 4 s * Otis Kiev 10 Ulen % Indus Chems— Air Red 37 36 36% 35% Ailed Chem 48% 47% 47% 48% Com Solv 4% 4% 4% 4% Dupont 36 35% 25% 25% Union Carb .... 17% 16% 16% 17 U 8 Ind Alco ... 14 13% 13% 14 Retail Store*— Kresge 8 S 8% 8% Mav D Store .10% Mont Ward ... 4% 4% 4% 4% Penny J C 15% 15% 15% 15% Bar* Roe 14% 13% 13% 14 Woolworth . 24 % 33% 24% 24% Amusements— Eastman Kod.. 38% 37% 37’s 38 Fox Film A 1% Loews Inc 15% 15% Param Fam 1% Radio Corp 3% 3% R-K-O 2 Warner Bros ... % Miscellaneous— Citv Ice A Pu 15 Congoleum ... 6% Proc A Gam.. 26 25% 26 25% Allis Chal 5% Am Can 36% 35% 35% 35% J I Case 18% 13% 18% 18 Cont Can 25% 20% 20% 20% Curtiss Wr Vi % Gillette SR 12% Gold Dust 9% Int Harv' 13% 13% 13% 13% Int Bus M 66% 66 86% 65% Real Silk 3 Un A rest 8 7% 8 7% Transamerlca .. 2% 2% 2% 2% CHICAGO BANK QUITS BUSINESS Tells Depositors to Come and Get Money. By f nitrri Press CHICAGO, June 10.—Thp Peoples Trust and Savings bank, a twenty-five-million-dollar Michigan avenue institution, today became the fourth Chicago bank to quit business and tell depositors to come and take their money away. Directors of the large downtown banjc said they had decided operations were no longer profitable and there was no reason for continuing business under prsent conditions. The three other banks in the Chicago area to take similar action were all small neighborhood affairs. Banking officers said there had been a constant shrinkage of deposits and that low interest rates prevented profitable operation. Deposits now total about $17,000,000, a shrinkage of more than $5,000,000 since March 30. Total resources at the last available statement were $27,108,437.

The City in Brief

SATURDAY EVENTS Aliianre Francaiw luncheon. Washington. Rainbow Division Veterans, convention, all day. Washington. Series of revival meetings are being conducted nightly at 1140 College avenue, by the Revs. R. A. Lowell and Alynne Arden of the Christian Spiritualist church, Los Angeles. The meetings are under auspices of the Occidental Spiritualist church. “Tax Limitation'’ is the topic of | an address to be given by Lawrence G. Holmes, executive secretary of the Indianapolis Real Estate Board, at a luncheon of the Scientech Club Monday in the Architects and Builders building. Meeting of Local No. 78, National Federation .of Federal Employes, will be held in the federal building cafeteria tonight at 7:30. The program of the Northwest Civic League tonight will be devoted to Flag Day exercises, including an address by Major David I. McCormick of the state battle flag commission, The meeting will be held in Winamac Hall, Twenty-ninth and Clifton streets. ST. ANTHONY’S SCHOOL WILL GRADUATE 45 Exercises Will Be Held Tonight in Auditorium. Forty-five pupils of St. Anthony’s school will be graduated at exercises to be held at 8 tonight in the school auditorium. The Rev. Ambrose Sullivan, assistant pastor of St. John's Catholic church, will deliver the graduation address. Pupils who will be graduated from the school are: Robert Baker, Edward Brown, Francis Brown. Leo Commons, Otis Cox, John Dugan. Jaseph F.ilers, Richard Evans, Claude Forey, Bernard Greene, James Kiernan, James Long. Edward Marier, Thomas McKeon, Kenneth Meiring, William Morley. Eugene Pretzinger. Frederick Smith, Jeanne Berni-ng. Rosemary Bloomer. Margaret Boyle, Frances Breen, Dorothy De Burger, Helen Dillon, Mary Dolan. Catherine Dugan. Helen Ekey, Rutn Fletemeyer. Mary Fox, La Verne Gardner, Marion Gentry, Mary Kaesel, Veronica Lents. Frances Little. Leona McGinnis. Catherine Mitchell, Myrtle Murphy, Mary O'Brien. Pauline Palovich, Grace Reilly, Marianna Sims. Eileen Sweeney. Rita Walpole. Ora Walsh and Bernice Williams. BOARD OF REVIEW TO SCAN ASSESSMENTS Hearing of Troperty Valuations Complaints to Last Summer. Hearings on thousands of complaints against real estate assessments will be heard by the Marion county board of review which started work this week and expects to continue in session throughout the summer. Complaints against real estate assessments have increased materially since 1928, when last real estate assessments were made, according to Frank Brattain, board clerk. Downtown property owners will present requests today and Saturday for decreases in their assessments. The mile-square real estate was reassessed by John C. McCloskey, Center township assessor, and exceeded an appraisal of the Indianapolis Real Estate Board. FLIER IS RULED SUICIDE Mile. Bernstein Heart-Broken at Plane Loos, Inquest Holds. By United Press BISKRA, Algeria. June 10.—Mile. Lena Bernstein, heart-broken . over loss of her plane In which she hoped to win back the straight line flight record lost to Amelia Earhart, killed herself, It m-as decided at an inquest today. The famous Russian aviatrix drank champagne to wash down the poison ahe swallowed, the verdict said. x • - ’ 1

THE INDIANAPOLIS TIMES

PORKERS HOLD GOOD GAINS IN BRISKJRADING Cattle and Calves Continue' Steady Trend; Sheep Unchanged. Hogs made an about-face this > morning at the city yards, prices! moving up 20 cents on most classes. The bulk, 100 to 350 pounds solo for $3.25 to $3.60; early top holding at $3.60. Receipts were estimated at 5,500; holdovers were 124. Cattle were steady. A few steers and heifers were strong in a range of $4.75 to $6.35. Receipts were 400. j Vealers held unchanged at $5.75 : down. Calf receipts numbered 400 In the sheep market ewe and wether lambs sold mostly at $7, unchanged. Ase bucks were out at prices ranging $1 lower, or $6 down. Receipts were 800. Trading in hogs at Chicago this morning displayed a stronger tone. Prices were 5 cents to 10 cents higher than Thursday’s average. j The bulk of good to choice porkers | was bid in at $3.55 to $3.60: 220 to j 250 pounders were bid at $3.40 to ! $3.50. while heavier kids scaling 260 ; to 300 pounds, sold at $3.30 to $3.35. Receipts numbered 14,000. including I 5.000 direct; holdovers, 4.000. Cat- i tie receipts 1,500; calves, 2.500: mar- ‘ ket steady. Sheep receipts, 10,000; j market unchanged. HOGS June. Bulk. Early Top. Receipts. 3. $3.154| 3.50 $3.50 8.000 4. 3.05(5i 3.40 3.45 3,500 6. 3.20® 3.55 3.55 500 7. 3.20® 3.55 3 50 8.000 8. 3.10® 3.45 3.50 7.500 9. 3.10®) 3.45 3.50 6.500 10. 3.25@ 3.60 3.60 5,500 Receipt*. 5,500; market, higher. (140-160) Good and choice. ..$ 3.60 —Light Lights—-(l6o-180) God and choice..,.. 3.60 —Lignt Weights—-(lßo-200) Good and choice.... 3.60 (200-220) Good and choice... 3.55® 360 —Medium Weights—-(22o-250) Good and choice.... 3.45® 3.55 (250-290) Medium and g00d... 3.35® 3.40 —Heavy Weights—-(29o-3501 Good and choice .... 3.25® 3.35 —Packing Sows—-i.3so-5001 Medium and g00d... 2.25® 3.00 (100-130) Slaughter pigs 3.40®3.50 CATTLE Receipts, 400; Market, steady. Good and choice $ 5.75® 7.50 Common and medium 3.75® 5.75 11.000-I.Booi Good and choice 6.00® 7.75 Common and medium 4.75® 6.00 —Heifers — Good and choice 5.25® 6.50 Common and medium 3,50® 5.25 —Cow*— Good and choice 3.50® 4.50 Medium 2.75® 3.50 Cull and common 1.50® 2.75 —Bulls (yearlings excluded)— Good and choice beefs 3.00® 3.75 Cutter common and medium.. 2.25® 3.00 CALVES AND VEALERS Receipt*, 400; market, steady. —Vealers— Good and choice $ 5.25® 5.75 Medium 4.00® 5.25 Cull and common 2.50® 4.00 —Calves— Good and choice 3.50® 5.00 Common and medium 2.50® 3.50 —Stocker and Feeder Steer*— Good and choice 4.50® 6.00 Comomn and medium 3.25® 4.50 (600-1.5001 Good and choice 4.50® 6.00 Common and medium 3.25® 4.50 SHEEP AND LAMBS Receipts. 800: market, steady. Good and choice 6.00® 7.50 Common and medium 4.00® 6.00 Ewes, medium and choice.... I.oo® 2.00 Cull and common 50® 1.00 Other Livestock By United Pee s* CHICAGO. June 10.—Hogs—Receipts 14.000, including 6,000 direct; active, s®loc higher; 180-220 lbs.. $3.50®3.60; top, $3.60; 230-260 lbs.. $3.3541 3.45: 270-320 lbs., $3.25 fi( 3.40; 140-170 lbs., [email protected]; pigs, $2.85 ®3.15; packing sows, $2.65® 3; light lights, 140-160 lbs., good and choice, $3,154(3.45; light weight, 160-200 lbs., good and choice $3.30®3.60; medium weights. 200-250 lbs., good and choice, [email protected]; heavy weights 250-350 lbs., good and choice $3.10®3.50: packing sows. 275-550 lbs., medium and good, 52.65®3.05; slaughter pigs, 100-130 lbs., good and choice. $2.854i3.15. Cattle —Receipts. 1,500; calves. 500; quality, plain: general market slow; steady to weak on all classes; no choice steers offered; slaughter cattle and vealers, steers. 600900 lbs., good and choice, $6.50®7.65; 9001100 lbs., good and choice, [email protected]; 1100-1300 lbs., good and choice. $6.50®7.75; 1300-1500 lbs., good and choice, $6.50@ 7.75; 600-1300 lbs., common and medium, $4.25®6.50; heifers, 550-850 lbs., good and choice. $5.75®6.75; common and medium, $4®5.75; cows, good and choice. $3.2545 5; common and medium. [email protected]; low cutter and cutter, $1.50422.75: bulls (vearlings excludedi. good and choice (beef), S3® 4.25: cutter to medium. $2.25@3; vealers (milk fed) good and choice. s6®7; medium $5.50®6; cull and common, $3.50®5.50; stocker and feeder cattle, steers 500-1050 I lbs., good and choice, [email protected]; common ! and medium, s4®s. Sheep—Receipts, 10,i 000: market, generally steady: good and I choice native lambs, $6®6.50 to packers; small lots, $6.75®6.90 to small killers; strictly choice kinds absent; fed yearlings, $4.50; slaughter sheep and lambs, lambs. 90 lbs. down, good and choice. $6 ®7; medium, $5.25@'6; all weights common, $4®5.25: ewes, 90-150 lbs., medium to choice. $1(@2.25: all weights, cull and common, 50c®51.75. By United rret* EAST ST. LOUIS. June 10.—Hogs—Receipts. 8.500; market. s@>lsc higher: top 53.45: to lots at 53.50: most 150-230 lbs.. *3.30®3.45; 240-280 lbs., $3.10®3.25; 100150 lbs.. 82.7503 25; sows, $2.40®2.60. Cattle—Receipts. 800: calves. 500: market, generally steady under very light run: a few steers. [email protected]: in small lots, with mixed yearlings and heifers. $5®6.50: cows. $2.50 ®3.50: low cutters. $1.3501.75; top sausage bulls. $2 60: good and choice vealers. $5.50. Sheep—Receipts. 3.000; market, few sales steady: most lambs around $6.50; some $6.75: few to citv butchers. $7: buck lambs. $1 less; throwouts. $3.50; fat ewes. $1.50 down. By United Press CLEVELAND, June 10.—Hogs—Reecipts, 800; holdover none; mostly 1045 20c higher; 150-230 lbs.. $3.90; 240-300 lbs., $3 50® 3.60: pigs. $3 50 for week. 20®30c higher: week's top $3.90. Cattle—Receipts. 150; market, dull, few sales steady; light steers grade common to low medium. $5®5.50: fat, cows. $3®3.40; grain fed Individual $4; for week, steady to 25c higher; most improvement on steers. Calves—Receipts. 300: market, weak to 50c lower; bulk vealers. $3.50 down; top, $7: others downward to $5.50: for week, strong to mostly 50c higher; top. $7.50. Bheep—Receipts, 300: market steady to easier: medium to good lambs, mixers $7; topp' ' :nd scarce, cull to good yearlings. $2.5 r ■ i.SO; mixed sheep, steady, $2.50 down; cull ewes. $1; for week, lambs. 25®50c higher; sheep, steady, lambs, top SB. By United Press TOLEDO. June 10.—Hogs—Receipts. 250; market. 10®15e higher; heavy vorkers, $3.50® 3.60; mixed. *3 4003.50: bulk $3 40 4(3.60: pigs. $303.15: lights, 53®?.15; roughs. $2®2.25. Cattle—Receipts, light; market, steady. Calves—Receipts, light; market. 50c higher. Sheep and lambs— Receipts, light; market, strong. By United Prct FT. WAYNE Ind June 10.—Hog market, steady to 10c higher: pigs. $3.25: light lights. $3.25453.33: lights. $3.25®3.50; mediums. *3.25®3.35; heavies. $3®J 15roughs. $2.50: stags, $1.50: calves. $507.75 ewe and wethers. 56®6.25: By United Press LAFAYETTE. Ind.. June 10.—-Hogs— Market. 15®20e higher: 160-200 lbs. $3 40; 200-220 lbs . $3.30; 220-240 lbs.. 53.25; 240260 lbs . $3.20: 260-280 lbs., $3.10; 290-300 lbs.. $3.10: 300-325 lbs.. S3 05: 140-150 lbs $3.2: 120-140 lbs . $3.10: 100-120 lbs.. S3: light roughs. $2 65; heavy roughs. $2 IStop calves. $5: top lambs. $5.50. By United Press a i < i N 9 IN i N £( TI, . TO —Hogs—Receipts. 4.100. including 346 direct; held over 1 90' active mostly 15c higher; better grade’. 160-250 lbs.. [email protected]; mostly $3 ,5 on 220 lbs. down: 240-300 lb*.. *3 25®3.55; 130150 lbs.. *3.3503.40 mostly; sows steady to 15c higher at 52.25®2.50: mostly smooth lightweights, $2.65. Cattle—Receints >■>■ calves. 650; supply very light, better grade fed vearlings in goo a aem.na; nominally strong to 25c higher; others and other classes about steady: odd lots common and medium steers and heifers. $4 35 SS.SO; few better finished yearlings. $5.75 ®6.25: most beef cows. $®3.75: few $4bulk low cutters and cutter cow*. $i so® 3 50; bulls, $2.50®3: few. $3.25: vealers steady; good heavyweights, $4.5095: few better grade handy weights. $5 50 ®6; lower grade*, *5 down. Sheep— Receipts. 3.000; lamb* aetive: fully 25c. spots Me higher; better grades $7.25®7 50 mostly; three debts or more of choice, $7 75; common and medium. $5.25®.75 few mixed lot* I f ro . u^ d f. 7; * h i fp *‘s*•*'.** *WM. 1161. M: I best lightweights. $2.

Bright Spots of Business

Bt United Press NEW YORK. June 10 —A pronounced up- j turn in retail trade and Improvement in . light manufacturing and industry wre re- ] ported today by Bradstreet's. DFTROIT —Chevrolet Motor* received a government contract for 550 trucks. CHICAGO—LocaI gasoline markets firmed up as buyers rushed Into the market before the new federal tax goes into ; effect June 21. CLEVELAND—Ohio Bell Telephone Company reported operating income for April totaled $873,398, against $851,531 In April. 1930. TOLEDO —Owens-Illinois Glass Company will add 2.000 workers and bring force up 8,000 by starting four six-hour shifts on a seven-day basts in each of fourteen , plants. It was announced.

Investment Trust Shares

ißv James T. Hamill A Cos > Trices are to is noon —June 10 — Am Founders Corp com 12% .37% Amer and Gen Sec (At 75 Am Inv Tr Tshares 140 1.60 Basic Industry Shares ... 1.12% 1.75 Collateral Trustee Sh (A) 2.50 3.00 Cumulative Trust Sbwe.s.. 2.00 2.25 Diversified Trustee Sh A... 4.50 F*ixed Trust Oil Shares... 1.25 Fixed Trust Shares (A).. 4.62% Fundamental Trust, Shar A 2.00 2 37% Fundamental Trust Shar B 2.25 2.62% Leaders of Industry (Ai 2.00 Low Priced Shares 1 37% Mass Inv Trust Shares 10.37% 10.87% Nation Wide Securities... 1.34 2.00 North American Tr Shares 1.40 1.45 Selected Cumulatl\*e Shares 1.32 1.37 Selected Income Shares... 4.00 4.50 Shawmut Bank Inv Trust.. .25 1.00 Ttd Amer Trust Shares... 2.00 Super Corp of Am Tr Shar 1.87% 2.12% Trustee Std Oil (A) . . 2.87% 3.00 Trustee Std Oil 'Bi 2.62% 3.00 U S Elec Light A Pow tA) 9.75 11.75 Universal Trust Shares ... 1.37% 1.87%

Cash Grain.

—June 9 The bids for car lots of grain at th call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41%c New York rate, were; Wheat—Easy: No. 1 red. 39%®40%c: No. 2 red. 38%@39%c: No. 2 hard. 38%@39%c. Corn—Steady; No. 2 white, 22@23c; No. 3 white, 21®22c: No. 2 yellow, Jl®22c.; No. 3 yellow, 20@21c: No. 2 mixed, 20®21c; No. 3 mixed. 19®20c. Oats—Steady; No. 2 white, 15%®16%c; No. 3 white, 14%®15%c. Hay (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisville) No. 1 timothy, [email protected]; No. 2 timothy, $6 @6.50. • —lnspections Wheat —No. 1 red. 1 car; No. 2 red. 4 i cars; No. 3 red. 1 car. Total. 6 cars. Corn—No. 3 white. 3 cars: No. 2 yellow. 4 casr; No. 3 yellow. 2 cars; No. 3 mixed. 1 1 car Total, 10 cars. Oats—No. 2 white. 2 cars; No. 3 white, 5 ’ cars. Total, 7 cars. Chicago Grain Range —June 10WHEAT— Prev. High. Low. 11:00 close. July 50*4 50% .50% .49’! September ... .53% .52% .52% .53 December ... .55% .55% .55*4 .55 CORN— Julv 29% .28% .28% .28% September ... .31% .31 .31 .30% i December ... .32% .32 .32 .32 OATS— Julv 19% .19% .19% .19% September .. .19% .189% .19% .19% 1 December ... .21% .21% .21% .21% | RYE— Julv 31% .31% .31% .30% September ... .34% .34 .34 .33% December 37% .37% LARD— Julv 3.82 3.80 3.82 3.77 Sentember ... 3.92 3.87 October 3.95 3.92 January ... 3.90 3.57 3.90 By Times Special CHICAGO. June 10.—Carlots: Wheat, 16; corn, 31; oats, 24; rye, 1, and barley, 2. By Times Special CHICAGO. June 9.—Primary receipts: Wheat, 398,000. against 777,000; corn, 170.000. against 385.000; oats, 98.000 against 171,000. Shipments: Wheat, 400,000, against 2.041,000; corn. 326,000, against 602,000: oats, 96,000, sogainst 177.000 Other Livestock By Times Special LOUISVILLE. June 10.—Cattle—Receipts, 100; fully steady; bulk common and medium grass steers and heifers, $4.25@5; better finished dry feds mostly [email protected]: beef cows and bulls mostly $3 down; low cutters and cutter cows. [email protected]; bulk light Stockers. s4® 5. Calves—Receipts, 250; steady; good and choice. s*4@S: medium and throwouts, $3.50 down. Hogs Receipts. 700; 15c higher; 170-220 lbs.. $3.55: 225-255 lbs.. $3.25; 260-295 lbs.. $2.90; 300 lbs. up. $2.40; 140-165 lbs.. $2.95; 135 lbs. down, $2.55; sows, $1.40(0 2.15, and stags. $1.15. Sheep—Receipts. 2,500: early supply light, quality plain, undertone strong, generally asking 25c higher for better grade lambs or from $6.50®7 for bulk and holding choice, kinds at. $7.25 or better. Thursday's shipments: Cattle. 31; calves, 95; hogs, 134. and sheep. 1,844. By United Press PITTSBURGH. June 10.—Hogs—Receipts, 1.500; market active. 10®15e nieher: 160210 lbs., $3.8504; 220-240 lbs., $3.60®3.80; heavier weights. 83.50 downward; %0-r4O lbs., $3.25®3.50; packing sows steady at $2 @2.50. Cattle—Receipts. 40; market, little changed; good steers quoted at [email protected]: medium and good heifers. $4.25(0 5.65; beef cows. $2.85@4; cutter to medium bulls. 52.25®3.25. Calves—Receipts, 125; market slow steady to weak; choice vealers, $5.50 @6. Sheep—Receipts, 500: market about steady; good and choice lambs, $6.25® 7.25; common and medium grade, s4@6; good and choice yearlings, s4@s; shorn wethers, $3 downward. By United Press EAST BUFFALO. June 10.—Hogs—On said, 2.600; active, steady to strong; spots s@2oc higher on medium butchers; good to choice. 160-220 lbs.. $3.90: 225-260 lbs.. [email protected]; pigs and underweights, $3.50® 3.75. Cattle—Receipts, 200; generally steady; good yearling steers and heifers. $6.15: fleshy grassers. $5.50: plain lightweights. 54.35: cutter cows. sl@2. Calves —Receipts, 775; vealers draggy; weak to largely 50c lower; bulk better lots. $6.50; few handyweight, $7; common and medium. s4® 5.50. Sheep—Receipts. 1,800; lambs Quality plain, weak to mostly 25e lower: good to choice, [email protected]; closely sorted Kentucky lambs. $8: mixed offerings. $7®7.10: throwout*. $6W6.50: yearlings 25c lower; good wethers. $5.25; yearling ewes to country. $5.75. Marriage Licenses Harry B. Cottrell. 23. of 5661 West Washington street, interior decorator, and Deloris Louise Seidensticker, 17. of 4002 East Twenty-seventh street. Chester A. Boyer. 24, of 1231 McDougal street, baker, and Jean E. Bennett, 34, of 215 North East street. Paul McFatridge. 28. of 3732 North j Illinois street, station manager, and Eliza--1 beth Melvin. 27, of 3778 Salem street. ! Harry V. Sherburne, 75, Terre Haute. I coal operator, and Mary J. Henkel, 63, of ; Indianapolis. ! Fred C. Meyer. 40. R. R. 8. farmer, and ! Lillie E. Meier, 32, R. R. 8, seamstress. Johfc A. Herrmann. 22. of 2960 South ; Meridian stret. budget -clerk, and Jean Eleanor O'Connor. 24. of 5066 West Fourteenth street, teacher. Paul T. Sulivan, 8 West Twenty-second street, salesman. and Jean Elizabeth Whitson. 21, of 927 North Bradley street, saleswoman James Edward Carev. 20. of 816 Mills avenue, clerk and. Merle Gladys Flake, 21, of 1124 Finley avenue. Harold Henry Pippin. 32. of 526 Division street, stock clerk, and Esther Louise Heede. 24, of 630 North Oakland street, saleswoman. Everett B. Sigler. 30. of 1818 West Michigan street, contracting company employe, and Virgia Bchanebach. 25. of 1816 West Michigan street.

Zaiser & Zaiser Incorporated Brokers Stockm and Bondt 129 E. Market Lincoln 9375 Lincoln 910}

James T. Hamill & Company Privatq Wire* to All Lending Markets Indianapolis MEMBERS Chicago Stock Exchange Chicago Hoard of Trade Indianapolis Board of Trada Associated New York Curb 203 Continental Bank Bldg. Tel., Rile* 549.7—Riley 5494

WEEKLY TRADE REPORT SOUNDS CHEERFUL NOTE Employment, Retail Sales Show Gains During Past Week. By United Press NEW YORK. June 10.-Brad-street’s weekly review of American business, released today, struck a definitely optimistic note. Evidence of returning confidence among business men and purchasers has been fairly pronounced, the report said, in the fifty-five key cities of the United States. Employment conditions are improving in certain sections while retail business, stimulated by favorable summer weather and intensive advertising on the part of merchants, generally is hopeful. Confidence Is Returning “In addition,” the report said, “there has been evidence of returning confidence on the part of business men and the purchasing public brought about largely, according to observers, by the knowledge that the legislators have made a definite beginning in balancing the budget. The rise in retail prices generally is regarded as a hopeful augury for the future. Stocks are at a minimum and must be replaced.’’ Seasonal developments in the Great Lake region are devloping slowly but in healthy fashion while reports from the mid-continent oil fields show promise greater than in recent previous years, the report continued. Automatic refrigeration orders appear to be greater than a year ago and in certain cities of the northwest employment conditions are improving. Auto Emloyment Up Flour mills in the northwest are operating at 55 per cent but are expected to expand materially within -4,he coming week In the face of generally bad steel production Bradstreet's points out that the reports on structural steel are better than at any time since last October. Contracts for some forty-three thousand tons are out. Employment conditions are showing some improvement in the automobile industry. Generally speaking. the report points out, the automobile industry except for the Ford plants, is not up to expectations. UPHOLD GOLD STANDARD League Advisory Group Also Urges Trade Bars Removal. By United Press GENEVA. June 10.—Maintenance of the gold standard and removal of international obstructions to world trade were among recommendations in the report of the League of Nations gold delegation intended to aid world economic recovery. The recommendations were expected to influence the dicisions of forthcoming important international conferences, including the Lausanne reparations conference, the imperial economic conference at Ottawa, and the international economic conference which may be a second part jpf Lausanne.

STORE OPEN SATURDAY NIGHT TILL 9 • It’s Open! The most appealing, hose you have ever -Mesh Hose °i better sort, white, -New Olympic plaid hose blue, tan and green, 35c. —new and sporting, 35c. -Pure Silk BLACK h OS . and ~ C °P' e S I WOrtt-faln. WHITE hose—ll .trend (have you ?' lk l*"' 1 h ? le ’' silk * n , d e .... . . heathers, docks, etc., 35c. ever heard ot such a thing under a dollar?) with tha Wcarington heel -Pastel sports hose and toe, 35c. white and cool, light shades, 35c, L. STRAUSS & CO. i

Dow-Jones Summary

Pittsburgh A Wast Virginia in April ; showad net loss amounting to $38,795 attar 1 charges, sgainst net income of $67,728 in April 1931; four months $204 887, again*! net incomg of $230 355. Chicago. Indianapolis 4> Louisville Railway in April reported net loss totaling $186,539 after charge*, agatnat *97.830 In April 1981: four months net losa amounted to $646,896. sgainst *379.597. Consolidated Retail Stores in Mar reported sales amounting to 81.322.340 against $1,748,519 in Mav 1931; five months totaled *5.461,063, against *8.497.331. Gravmur Corporation declared the regular quarterly dividend of 25 cent*. Harris Trust A Saving* bank af Chili ca,go declared the regular quarterly dividend of *3. payable July 1. of record June 16. placing stork on lit annual basis, against sl6 previously. Metropolitan Paving Brick C'omnanv dedared the regular quarterly dividend of *1 75 on preferred stock, payable July 1. of ' record June 15. Connecticut General Life Insurance Company declared the regular quarterly dividend of 30 cents, payable July 1, of record June 20. Page Hershev Tubes. Ltd., declared the regular quarterly dividend of $1.25 on common stock, payable July 1, of record June 21. Brokers’ loans during week ended June 8 declined *36.000.000 to $373,000.000 anew low; non-brokers’ loans off $44,000,000: federal reserve svstem ratle on June 8 was 59 t-lfl, against 61 4-10 per cent on June 1 and 8t 4-10 per cent on June 8, 1931. Southern Pacific during first seven days of Mav handled 17.572 cars of revenue freight, against 25.695 in like period: previous year showed a decrease of 31.6 per cent. . _____

Net Changes

By United Press NEW YORK. June 9.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. Off. Allied Chemical 48% % ... American Can 35% ... % American Telephone 81% ... % Atchison 25% •% ... Auburn 44% 8% ... Bethlehem Steel 8% ... % Case 18 % ... Chesapeake A Ohio 11 % ... Consolidated Gas 34 % Consolidated Oil 4% ... % Du Pont 25% ... % Electric Power 4 % ... General Electric unchanged 9% General Motors unchanged. 8% International Telephone .. 3% ... % Lorillard unchanged 10% Montgomery Ward 4% % ... N Y Central 10 % ... North American 16% % Public Service 31% ... % Radio 2% ... % Sears Roebuck 14 % ... Standard Oil N J 23% % ... Texas Corp 9’, % ... Union Carbide 17 % Union Pacific 34% •% U S Steel 24% % ... Vanadium 5% ... % Westinghouse El 10% % ... Woolworth 24% % ... New York Liberty Bonds —June 9 Liberty 3%s '47 100.21 Liberty Ist 4%s '47 101.18 Liberty 4th 4%s '3B 102.12 Treasury 4'i.s '52 103.26 Treasurv 4s 54 100.31 Treasury 3s ’55 90.12 Treasury 3%s '56 98.80 Treasury 3%s '43 (March) 96.40 Treasury 3%s '43 iJunei 96.16 RAW SUGAR TRICE* —June 9 High. Low. Close. January 83 .79 .82 March 88 .84 .87 Julv 67 .62 .66 September 73 .69 .73 December 82 .76 .80 NEW YORK COFFEE RANGE —June 9 High. Low r . Close. March 6.14 6.13 6.14 Julv 6.32 6.32 6.32 Sentember 6 22 6 19 6.22 December 6.13 6.13 6.13

PAGE 19

WHEAT SOARS ON RECEIPT OF BULLISH NEWS Crop Forecast for Year Is Little Over Half That of 1931. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, June 10.—Wheat shot sharply higher as the Board of Trade opened today on the startling government winter wheat estimate of 411.000,000 bushels, lowest with two exceptions since 1907. Bwlldered by the totally unexpected showing, wheat operators were caught in an awkward position and short-s covered freely. Liverpool was much stronger than expected, but fluctuated as the Canadian report was bearish and tended to check the upturn. Trading was very active, but bullish sentiment was tempered by the fart that the report was so far out of line with private reports. Liverpool Moves Up Corn was firm with wheat. Oats was dull and about steady. Rye was higher with wheat. At the opening wheat was \ cent to IS cents higher, corn was % cent to % cent higher, oats was unchanged to % cent higher and. rye was % cent to % rent higher. Provisions were active and firm. Liverpool also was greatly surprised by the United States government report and jumped sharply higher, reacting later but holding a % to 1 cent gain at mid-afternoon. The report issued Thursday suggested a crop of 22,000.000 bushels under that of the private experts on June l, and 376.000,000 bushels under the bumper harvest last year. Tredlct Corn Sales The Canadian crop report also released Thursday, indicated that spring wheat had a good start with conditions 96 per cent of normal. No estimate on production was made, but local experts figure that with continued favorable conditions this would produce 415,000.000 bushels. The trade believes there is some prospect of export sales of American corn, owing to its low price. Owing to the low price of oats, there probably will be a large acreage not harvested. By United Press TOLEDO. Jun* 9—Close: Grain in elevators. transit billing: Wheat—-No. 2 red. 49%@50%c. Corn—No 2 yellow. [email protected]. Oats—No. 2 white. 22%®23%c. Rye—No. 2. 38® 39c. Track prices. 28' jc rate: Wheat—No. 2 red. 44@44%c: No. 1 red, lc premium: No. 3 red. %@3r discount: No. 4 red. 2%(0 4c discount. Corn—No. 2 yellow. 28(0 23' iC’. No. 3 yellow, 27@27%c. Oats—No 2 white. 19%@20%c; No. .1 white. 18%®20c. Clover—Prime. $9. Alsvke— Cash. $8.75. Butter—Fancy cream-, erv. 22c. Eggs—Extras, 11%@12c. HayTimothy per cwt., 80c. By United Press CHICAGO. June 9. Cash grain close: Wheat—No. 2 red. 50%@51c: No. 3 red, 50%c Corn—No. 2 mixed. 29%e: No. i vellow. 28%@29%c, billing difference: No. 2 vellow. 29%@30%c: No. 3 vellow. 29%@ 30c; No. 2 white, .70c; sample, grade. 27c. Oats--No. 1 white 22c; No, 2 white, 30%@ 22%c; No. 3 white, 20®21c: No. 4 whit*. 19c Rve—No sales. Bariev—34®4se T‘ \- 0thy—12.75&3. Clover—s9.2s@l4

Local Wagon Wheat

Citv grain elevators are navlnt 37e for No. 2 wheat and 37c for No. 2 hard wheat.