Indianapolis Times, Volume 44, Number 31, Indianapolis, Marion County, 16 June 1932 — Page 14

PAGE 14

GAINS IN RAILS ADD STRENGTH TO STOCK LIST Carriers Display Firm Tone on Predicted Increase in Car Loadings.

Average Stock Prices

Avefage of thirty Industrials for Wednesday 50 62, up 1.62 Average of trrntv rail* 17 17. up .54 Average of tventv utilities 19.26. up .67. Average of forty bonds 70,66. ,07. BY ELMER C. WALZER United Press Financial Editor NEW YORK, June 16.—Railroad shares and bonds made substantial gain* on the Stock Exchange today. The general list presented a Arm tone, the majority fractionally higher in dull turnover. Buying in railroad stocks, which carried them up fractions to nearly 2 points, was ascribed to indications of a substantial gain in freight car loadings in the report to be issued next Tuesday for the week ended June 11. The preceding week, June 4, included the Memorial day holiday and showed a sharp decline from the previous week. So far the leading roads reporting for June 11 indicate a gain in the total loadings greater than the normal expectation of 10 per cent. So far eight roads, which usually represent about 40 per cent of the total loadings, report an increase of 25,784 cars and other roads are expected to make a proportionate showing. Norfolk Ac Western rose to 73, up 2; New York Central 1414, up 114{ Atchison 31%, up 114; Southern Pacific 10, up 1; Union Pacific 4214, up 1%; Delaware, Lackawanna Ac Western 13%, up 1%, and C. & O. 13%, up •%.

Bank Clearings

INDIANAPOLIS STATEMENT —June 16— Clearing* $2,240,000.00 Debits • 6,170,000.00 TREASURY STATEMENT —June 16Net balance lor June 14... .*168.309.320.55 Expenditures 7.777.595.05 Customs reels. month to date 3.313.712 09

New York Curb Market

(By Thomson Ac McKinnon) * June 16 — 11:001 11:00 Alum Cos of Am 25%(Ford of Eng ... 2% Am Cyanamld.. 2%Goldman Sachs.. 1% Am Gas As El.. 18% ! Imp OH of Can 7% Am Bup Pwr... I%'Newmont Min .. 6% Asso Gas A- Elec l%:Nia Hud Pwr... 9% Cities Service.., 2% ! Penroad 1% Cord 3%|3t Regis Paper.. 2 E Bond Ac Share 7%|3td of Ind 18

New York Bank Stocks

ißy Thomson At McKinnoni —June 15— Bid. Ask. Bankers 43% 45% Brooklyn Trust 130 145 Central Hanover 93 97 Chase National 22% 24% Chemical 29% 31% City National 27? l 29? 4 Corn Exchange 42 45 Commercial 92 100 Continental 11? 4 13? 4 Empire 14 16 First National 990 1,090 Guaranty 202 207 Irving 14% 15?4 Manhattan Ac Cos 19'/ 4 21% Manufacturers 20?4 22'/* New York Trust 60 62 Public 18?4 20%

Investment Trust Shares

(By James T. Hamill <fc Cos.) PRICES ARE TO 18 NOON —June 18— Bid. Ask. Am Pounders Corn com ... .25 .50 Airer artd Gen Sec (A) .75 Am Inv Tr shares 1.40 1.65 Basic Industry shares 1.50 l.sT/i Collateral Trustee shares (A) 2.50 3.00 Corporate Trust new 1.32 1.45 Cumulative Trust shares.. 2.00 2.371a Diversified Trustee shar (A) 4.75 Fixed Trust Oil shares 1.25 Fixed Trust shares <Ai 4.75 Fundamental Trust shar <A> 2.25 2.62'i Fundamental Trust sh (B>.. 2.37'a 2.87'a Leaders of Industry (A) 2.00 Low Priced shares 1.37'/a Mass Inv Trust shares 9.75 10.75 Nation Wide Securities..,. 1.75 2.00 North American Tr shares 1.43 1.52 Eleceted Cumulatiic shares 3.87 1 a 4.37 !^ Selected Income shares 1.R7' 2 2.25 Shawmut Bank Inv Trust.. .25 1.50 Std Amer Trust shares 2.00 Suner Corn of Am Tr shares 1.87 Vi 2.12'* Trustee Btd Oil (A) 3.00 Trustee Std Oil <B> 2.87',a 3.25 U S Elec LI A- Pow iA1...10.25 12 25 Universal Trust shares 1.50 2.00

Foreign Exchange

(By James T. Hamill & Cos.) —June 16— Open Sterling. England 3 66 5 Franc. France 0393 Lira. Italv 0511 1 i France. Belgium 1393 Mark. Germany 2366 Guilder. Holland 4042 Peseta. Spain 0824 Krone. Norwav 1800 Krone. Denmark 2000 Yen, Janan 3113 In the Air Weather conditions at 9 a. m.: South wind, 5 miles an hour, variable; temperature, 74; barometric pressure, 29.86 at sea level: celling, broken clouds, hazy, estimated 2.500 feet; visibility, 6 miles; field good. Film Stars Take to Air By Scripps-Hotcani Setcspaper Alliance WASHINGTON, June 16.—Not so many years ago the contracts of all really important movie stars forbade their riding in airplanes. But today the film actors as a class are among the greatest users of the passenger airlines. The way they shuttle back and forth across the United States at breakneck speed is nobody’s business. Among the stars who now ride the airlines, as reported by United Air Lines, are: Mary Pickford. Douglas Fairbanks, Ann Harding, Richard Barthelmess, Will Rogers, Edward Everett Horton, Wallace Beery, Lil Dagover, Euddy Rogers, Lawrence Tibbetts, Nancy Carroll, Dolores Del Rio, Helen Twelvetrees, Bebe Daniels. Lupe Velez, Zpzu Pitts, Victor McLaglen. Claire Windsor, Sally O’Neill, Marie Duncan and Tom Mix. Add to Air Service Inauguration of town-to-airport transportation service for air passengers was announced today by officials of the American Airways. Passengers will be carried to the airport in large autos running according to departure schedules of transport planes. Barney Graves, ground transportation superintendent, said the service will be placed in effect in various cities on the company’s line. RAW SUGAR PRICES —Juna 15— High. Low. Close. January .92 .90 .£1 March M .95 99 May 1 02 1.01 1.01 July .78 .74 .75 September .88 .81 .81 Saotmber 41 .88 49

New York Stocks *Bv Thomson A McKinnon) ——————

—June 16 Railroad.— Prev. High. Low. 11:00. close. Atchison 30'/# 29 92 s . 29% Atl Cooat Line *15% Balt dr 0hi0... 6% S'a 6% 6% Cheso Ac Ohio. 13'4 13 . 11% 13 Cheao Corp ... 7% Can Pac 9% 9 9 9 Chi N West 3' 3*4 CRX A P 3% i% J% 3 % Del LAW 12>4 Del Ac Hudson. 44% 44 Oreat Northern 8% Illlnola Central,. 7% 7 714 7t 4 Lou & Nash 11% Mo Pacific 2% 2% Mo Pacific pfd 4 g, Y , Ce J?, tr ** ••• 11 1* 13?a Nickel Plate 31, NY NH A H 5% Nor Pacific ....8% 6 8 8 * Norfolk A West 72 71 72 71 O A W .. 5 Pennsylvania ... 8% 85# 8% 8% So Pacific 9% 9 % 9? 9 Southern Ry 4 St Paul 8t Paui pfd 1% St L A 8 P i, Union Pacific 40% 39% 40% 40?, W Maryland 2 Equipment.— Am Car A Fdv 3?# Am Locomotive 4 > Am Steel Fd 3% Am Airbrake Sh 7 Gen Am Tank.. . ... 11'. 11 >4 General Elec ... 1! 10% 10% 11 Pullman 14% 14% 14'. 14% Westlngh Alrb 9% Westlngh Elec... 33% 23% 23% 23% Rubbers— Firestone 11 Goodrich 3 Goodyear ... 8% 8?. Kelly Sprgfld, % U S Rubber 2% Motors— Auburn 77% 72 73 73 Chrysler 7% 7 7% 7 General Motors.. 9% 9% 9% 9% Graham-Paige .... ... 1% 1% Hudson 4'4 3?4 4% 3", Hupp 2 Mack 11% 11 Nash 10% 9% Packard 2 1% 1% 2 Reo 1 % Studebaker 3% Yellow Truck 'l% Motor Access— Bendix Aviation 5% 6 Borg Warner e% Briggs 4% Cam obeli Wv 2% El Auto Lite in, El Storage B ... ... 11-, Murray Bodv ... ... 3% Stewart Warner 2% Tlrnkin Roll 11 Mi •■in r Am Metals ... 2 Am Smelt 8% 8% 8% 8% Anaconda Coo.. 4% 4% 4% 4% Alaska Jun 9% 9 P l , 9% Cal A Hecla 2 Cerro de Pasco 5 4% Dome Mines 9% Freeport Texas 12% Homestake Min 12$ Int Nickel 4% 4% Isl Crk Coal ... 11% Kennecott Cop... 6% 6%, 6% 6% Magma Cop 3Vs ... Nev Cons ... ... 3 Noranda 11% 12 Texas Gul Sul.. 15 14% 14% 15 Oils— Amerada 14% Atl Refining 10% 10% Barnsdall 4 4 Houston ... ... 2% Sbd Oil 8 8 Mid Conti 4% Ohio Oil 7% 7% 7% 7?a Pan-Amer <Bt 8 Phillips 4 4 I Prairie Pipe 7 7 I Pure Oil 3% 3'/a Royal Dutch 16% 16% Shell Un 2% 2% 2% 2% Coca Cola .... 95 '4 94 94 V. 95 Corn Prod 32V. 31% 31?. 32 Crm Wheat ... 15% Cudahy Pkg.... 22 Gen Foods 23 22% 22% 23?a Grand Union 4 Hershev 49? 49% •Jewel Tea, 8% Kroger 12% Nat Biscuit 31% 30% 31 30% Natl Dairv 17% .17% 17% 17% Purlt.v Bak 6% 6% 6% 6?e Safeway St 39% 40%' Std Brands 11 10% 10% 10% Drugs— Cotv Inc ...... .. ... ... 1% Drug Inc 25% 25 25% 29% Lambert Cos. . 35% 35% 35% 35% Industrials— Am Radiator.. .. ... 3% 3% Bush Term 4% 4% Gen Asphalt 5% T.rhieh Port ... 5 Otis Elev 12% 12% 12% 12% Ulen % Indus Chems— Air Red 42 41 41% 41% Allied Chem.. 54% 53% 54% 54% Com Solv 5% 5% 5% 5Vs Dunont 29 28',4 29 29 Union Carb ... 18% 18 18 18% U S T"d Alco. ... 17% 17 17 17?a Utilities— Adams Exp 2% 2% Am Fo; Pwr 2% 2% Am Pwr & Li.. 5% 5% 5% 5% AT AT 87% 86% 86% 87?4 Col -Gas A El 6 7% Com A Sou 22 2% 2% Conus Gas 39% 38% 38% 39% El Pwr A Li... 4% 4Vi 4'/a 4% Gen Gas A ....'. % Inti TAT 3% 3% Lou Oas A El 13 Natl Pwr A-Li.. 9% 9% 9% 9'i No Amer C 0... 19'% 18% 19% 19% Pac Gas A E 1... 22% 22% 22% 22 Pub Ser N J ... 36% 35 36'% 35% So Cal Edison 20'/a 20 Std GA El 11% 11% 11?, n% United Corp ... 5% s'/, 5% 5% Un Gas In-j . . 13% 13?* 1314 13% Ut Pwr ALA 3 West Union 15% 15 15% 15 Shipping— Am Inti Corp 3% 314 United Fruit ... 14% 14% 14% 14% Fools— Am Sug ... ... 1714 Cal Pkg ... ... 534 Can Dry 8% Cons Oil 5Vs 5 6 4?i Skellv . ...' 2% 3 Standard of Cal. 18% 18 18% 18% Standard of N J 25% 25% 25% 25 7 /a Soc Vac 7% 7 7Va 7% Texas Cos 10% 10% 10% 10% Union Oil 9 9% Steels— 4 At" Roll Mills .... ... 4?j 414 Bethlehem 8% 9 Byers AM 10% 11 Cruc Steel 8 Ludlum 2% McKeesport Tin. 34% 34% 34% 34% Repub I A S 2Vi jH S Steel 28 27 27?i 28

CONTRACT ffll IT m McKfNti'tYai

Famous Hands in Championship Bridge History—-No. 22

BY W. E. M’KENNEY Secretary, American Bridge League r | TODAY’S hand is unusualy inter* A csting, and it is by an expert

well known to a] Lenz, veteran ot many whist and auction bridge c h a m pionships, and now a winner at contract. Mr. Lenz and his partner, Commander Winfield Liggett Jr., against one of the largest fields ever en t e red in a c h ampionship br i dge tournament, were victorious in the recent eastern contract pair championship event. Mr. Lenz always has been noted

ill of us—Sidney

for his masterful play and well demonstrates it in the following hand:

VA-9-4 ♦ Q-J-6-5 *7-6-4 Ck.Q. NORTH! *B-6-4. 10-8- H g*7 6-3 ui (J) +A-10 ♦ 9-8-7. £ H +K-Q----2 Dealer 10-5-*9-8 SOUTH! 3.2 *A-K-Q-9-3 VJ-5-2 ♦ K-4-3 *A-J 22

The Bidding Lenz, one of the originators of '' the ’’offleiar system, opened the South hand with a bid of two spades. This is not a game demand bid, as in the approach forcing system. Under this bidding system, a bid of one shows simply a minimum hand— bid shows a good hand

Vanadium *% Tobacco*— Am Tob (A1 new 61 50 50 % 50% Am Tob (Bi new 53% 53 53 53% Llg & Myers 8.. 43% 43 43 43 Lorlllard 11% 13% Reynolds Tob .. 29% 29% 29% 30 Retail Stores— Kresge S S 9 3 Mav D Store - IJ, Mont Ward 5 Vi 5% 5% 5% Penny J 0 17% 17% 17% 17% Sears Roe 15 14% 15 15 Wooiworth 27% 36% 26% 27% Amusements— Crosley Radio 3% Eastman Kod ~45% 44% 45 45% For Film fA) 1% 1% 1% 1% Grigsby Grunow ? 4 % % _% Loews Inc 16% 17 Param Fam .... 3% 3% 2% 2% Radio Corp 4% 4% 4?* 4% R K 0 2% Warner Bros 1 1 Miscellaneous— Congoleum 8 Proc A Gam 28% Allis Cral ... 6% 6% Am Can 40% 39% 40% 40% J I Case 27% 25% 26% 27Va Cont Car. 23% 23% 23% 23% Curtiss Wr 1 % % % Gillette SR 14% 13?* 14% 14 Gold Dust 10% 10% 10% 10% Int Harv 16 15% 15% 15% Int Bus M 73% Real Silk 3% Un Aircraft B’, 8% 8% 8% Transamerica 2% 2%

The City in Brief

FRIDAY EVENTS Reserve Officers’ Association, luncheon, Board of Trade. Exchange Club, luncheon, Washington. Optimists Club, luncheon. Claypool. Altrusa Club, luncheon, Columbia Club. Sahara Grotto, luncheon. Grotto Club. Second June golf tournament of the Exchange Club will be held Tuesday at the Avalon Country Club. Twenty-five students of the Stephenson Schoool of Public Speaking and Expression will participate in a recital June 24 at the Wilking Music Company audition salon. Executive committee ot the United States Society in Indianapolis has mailed invitations to various citizens to become members of the society’s organization committee, it was announced today by Bishop Joseph M. Francis, community chairman. He is being assisted by two co-chair-men, Mrs* Kin Hubbard and Booth Tarkington. Readings and musical monologs will be presented by dramatic art students at a monthly meeting of the Calendar Circle of Brookside United Brethren church Wednesday afternoon at the home of Mrs. S. E. Litteral, 1518 North Olney street.

I. U. ENROLLMENT HEAVY FOR SUMMER SCHOOL Term Work Is Divided Into Four Parts This Year. Bp Times Special BLOOMINGTON, Ind., June 16. —Summer term students began to register at Indiana university this morning for the forty-third annual summer session. Record-breaking enrollmeent of 2,016 for last summer will be equaled again this year, according to registration figures. Enrollment today was heavy and is expected to continue throughout the week. Regular classroom work began this morning. A large percentage of the enrollment is made up of teachers. Number of inquiries shows a 5 per cent increase over last year, according to Dean H. L. Smith, director of the I. U. summer session. Summer term work at the university is divided into four parts. The regular nine-week session of the college of arts and sciences, the three-wek term of selected intensive courses for teachers and graduate students; the law school course of twelve weeks, and the biological station session at Winona Lake. „ Marriage Licenses Arthur Boyd, 26. of 120 East North street, salesman, and Maryou Bernice Willis, 20. of 120 East North street. Edward F. Dux Jr.. 25, of 114 North Tenth street. Beech Grove, draftsman, and Marie Edith Roth, 22, of 127 South Fifth street, bookkeeper. Ralph J. Meyer. 23, of 371 South Taft street, truck driver, and Emma Louise Carpenter, 27. of 630 North New Jersey street. Edward W. Clark, 25. of Greenfield, farmer, and Alyson Delight Welborn. 19, of 750 North Tremont street. Reginald W. Garstang. 30. of 3327 Washington boulevard, secretary, and Helen Thelma Cor.ant, 24, of 3510 North Meridian street, secretary.

—and a game demand bid is an original bid of three. West passed and North, with one and one-half tricks and normal support in partner’s suit, went to three spades which Lenz carried to four. The Play West's opening lead was the king of hearts, which Lenz won in the dummy with the ace. He now led four rounds of trumps, picking up all East’s trumps West followed with one trump and discarded three of hearts, while Lenz discarded a club from dummy. The king of diamonds next was led. East won the trick with the ace and returned the king of clubs. Lenz played the jack of clubs, refusing to win the trick, and laying the foundation for a squeeze play on West. The drop of the jack allowed East to safely continue with the queen of clubs, Lenz winning the trick with the ace of clubs. West’s opening lead had marked him with the queen of hearts. Lenz had one chance to make his contract—to find West with the queen and one heart and three diamonds. He played his last trump and West was helpless—he could not discard a diamond or all of dummy’s diamonds would be good, therefore he dropped the ten of hearts. Lenz then discarded the six of diamonds from dummy and immediately led the five of hearts, which West won with the queen. West was forced to return a diamond, which Mr. Lenz won in the dummy with the jack, cashed the good queen of diamonds, and won the last trick with the jack of hearts. In the play of the hand it was necessary for Mr. Lenz to refuse to win the king of hearts and he also! had to play his king of diamonds. If he had played a small diamond I and East refused to win dummy's jack, he later would have been forced to lead a small diamond from dummy, and when East played his ace, to discard his king. NEXT—CharlesLochridge of New York will discuss the play of his favorite hand. “w -

Lenz

THE INDIANAPOLIS TIMES

HOGS FIRM TO 25 CENTS UP AT CITYYARDS Beef Steers and Heifers Active, Strong; Sheep Move Down. Hogs were steady to a quarter up this morning at the Union Stockyards, the range mostly steady. The bulk, 100 to 350 pounds, sold for $3.45 to $3.80, early top holding at $3.80. Receipts were estimated at 7,500; holdovers were 189. Activity featured trading in beef steers and heifers, prices ruling strong to 25 cents higher. Top on steers was $7.35, heifers $6.50. Receipts were 1,300. Vealers were unchanged at $6.00 down. Calf receipts numbered 600. Sheep and lambs were around 25 cents lower, selling mostly at $7.25 down. Top price was $7.50. Receipts were 2,000. Trading as a whole in hogs at Chicago this morning displayed a stronger tendency; asking continued to move around 10 cents higher than Wednesday's average, while early sales and bids were strong to 5 cents up. The bulk of good to choice porkers scaling 180 to 220 pounds, sold at $3.75 to $3.85, with heavier weights from 230 to 300 pounds, salable at $3.60 to $3.70. Receipts were 18,000, including 5,000 direct; holdovers 3,000. Cattle receipts were estimated at 5,000; calves 2,000; market steady to 25 cents higher. Sheep receipts numbered 14,000. market stationary.

HOG? June Bulk Ton Receipts 9. $3.10(8) 3.45 $3.50 6,500 10. 3.25<*i 3.60 3.60 5.500 11. 3.40® 3.75 3.75 2,500 13. 3.25® 3.65 3.65 5,500 14 3.30® 3.70 3.70 7.500 15. 3.45® 3.75 3.75 5.500 16. 3.45® 3.80 3.80 7,500 Receipts, 7,500; market, higher. (140-160) Good and choice. ..$ 3.65® 3.75 —Light Lights—-(l6o-180) Good and crolce 3.80 —Light Weights—-(lßo-200' Good and choice.... 3.80 (200-220) Good and choice... 3.70® 3.75 —Medium Weights—-(22o-2501 Good and choice... 3 65®3.70 (250-290) Medium and good.. 3.55® 3.60 —Heavy Weights^— (290-350) Good arid choice... 3.45® 3.55 —Packing Sows—-(3so-500' Medium and good.. 2.50® 3.25 (100-130? Slaughter pigs 3.50 CATTLE Receipts, 1,300; market, steady. Good and choice $5.75® 7 50 Common and medium 3.75® 5.75 (1,000-1,800) Good and choice 6.00® 7,75 Common and medium 4.75® 6.00 —Heifers— Good and choice 5.25® 650 Common and medium 3.50® 5.25 —Cows— Good and choice 3.50® 4.50 Medium '. 2.75®3.50 Cull and common 1.50® 2.75 Bulls (yearlings excluuded)— Good and choice beefs 3.00® 3.75 Cutter common and medium.. 2.25® 3.00 CALVES AND VEALERS Receipts, 600: market, steady. —Vealers— Good and choice $ 5.50® 6.00 Medium , 4.00® 5.50 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 Steers— Good and choice 4.50® 6.00 Common and medium 3.25® 4.50 (600-1,500) Good and choice 4.50® 6.00 Common and medium 3.25® 4.50 SHEEP AND LAMBS Receipts, 2,000; market, lower. Good and choice $ 6.50® 7.50 Common and medium 4.00® 6.50 Ewes, medium and choice.... I.oo® 2.00 Cull and common 50® 1.00

Other Livestock By United Press EAST ST. LOUIS. June 16.—Hogs—Receipts. 10.000; market, mostly 5c higher; top. $3.70; bulk. 150-230 lbs.. $3.45(fct3.65; 140-200 lbs.. $3.25(3:3.40; 100-140 lbs.. s3@ 3.45; sows. $2.50fi2.75. Cattle—Receipts. 2.000; calves. 1.000; market, moderately active under light supply with vealers. 25c higher and other classes, fully steady; few steer sales $5.90(96.75; mixed yearlings and heifers. $5(96;. cows. low cutters. [email protected]: top sausage bulls. $2.75; good and choice vealers. $6.25: slaughter steers. 600-1100 lbs., good ana choice. [email protected]; common and medium, $3.75@ 6: 1100-1500 lbs., choice. $7(97.50: good. s6@>7: medium, $4.50(1/6. Sheep—Receipts. 5.000: market, few desirable lambs. $6.50: steady shade lower: packers talking 25c lower' holding closely sorted lambs above $6.75; fat ewes. [email protected]: lambs. 90 lbs. down, good and choice. s6@ 7: medium. $5(96: 'all weights common. $3.50(95: ewes. 90-150 lbs., medium to choice. $1 <5? 1.75: all weights cuU and common, 50c@$l. By United Press CLEVELAND, June 16—Hogs—Receipts. 900: holdover, none; market, steady to 10c higher: 160-230 lbs., $44/4.10; 240*600 lbs., [email protected]; 150 lbs. down [email protected]. Cattle—Receipts, 150; market, steady to strong; bulls, strong to 25c higher; cutter to medium light weight .steers. $4.50/56.50: bulk. $5.50; cows, mostly $3.50 downward; sausage bulls upwards to $3.25: few $3.50. Calves—Receipts. 350; market, strong; spots higher; better grades $6.50/97 or above: cull to medium light weights also host heavies. $54/6. Sheep—Receipts. 500; market, near steady; desirable lambs. $7 @7.50; few $8; common to medium. $4.50 @>6.50; medium yearlings, $4; best held considerably above, $5. By Times Special LOUISVILLE. Junp 16.—Cattle—Receipts, 125; about steady: lower grade grassers dull: bulk common and medium grass steers* and heifers. $4,254/5.25; beef cows and bulls mostly $3 down: low eutters and cutter cows. $1?2; most light stockers. $4 <95. Calves—Receipts. 225; steady; good and choice, s4@>s; medium and throwouts. $3.50 down. Hogs—Receipts. 700; 10c higher: 170-220 lbs.. 53.80; 225-255 lbs. $3.50: 260-295 lbs., 53.15; 300 lbs. up, $2.65; 140-165 lbs., $3.20: 135 lbs. down. $2.80; sows. $1,654/2.40; stags mostly $1.40. Sheep —Receipts. 2.500; quality only fair; market steady; bulk better lambs, $7(9 7.25, with choice kinds held to $7.50: bucks mainly $696.25: medium and immature lambs. $5(96.50; throwouts, $4(9 4.50; fat ewes. sl4/2. Wednesday’s shipments: Cattle 28; calves, 142; hogs, 131, and sheep, 2,206. By United Press TOLEDO. June 16-^-Hogs—Receipts, 375; market, 10c higher: heavy Yorkers. $3 80 ®3.90; mixed. *3.804)3.90: pigs, $34/3 25lights. $3@>3.25; roughs, $24/2.25. CattleReceipts. 50; market, steady. Calves—Receipts. light; market, strong. Sheep and lambs—Receipts, light; market, steady. By United Press LAYAYKTTE. Ir.d.. June 16. —Hogs— market, steadr to 5c higher: 160-200 lbs , $3.55: 200-210 lbs.. $3.50 : 210-225 lbs.. *3.45; 225-250 ibs.. $3.40: 250-275 lbs.. $3.35: 275300 lbs.. $3.30: 300-325 lbs.. $3.25; 140-160 lbs.. $3.30: 120-140 lbs.. $3.15: 100-120 lbs. $3: roughs. $2.75 down; top calves. *5: top lambs. $6.50. By United Press FT. WAYNE. Ind.. June 16.—Hog market. 104) 15c higher: pies. $3.25/93.50: light lights. $3,554)3.75: lights. $3.759 3.85: mediums. $3.6093.75; heavies. *[email protected]: roughs. $2.50: stags. $1.25; ewe and wether lambs. $3,404/3.60: roughs. $2.50: stags $1.25: calves. $5.504f6: ewe and wether lambs. 5656.50; bucks. *53>5.50. By United Press EAST BUFFALO, June 16.—Hogs—On sale 2.200: active, steady; good to choice 160-240 lbs.. $4.10(9 4.25; bulk mixed weights, $4,154)4 20: plainer lots. $4; few 285 lbs.. *3.50; pigs and underweights, *3.50 4/4. Cattle—Receipts, 250; slow, steady; fleshy grass steers. *5.50; others down to *4.25; cutter cows, *1(92. Calves—Receipts. 175; vealers unchanged; bulk and better lots. *8.50: common and medium. *[email protected]. Sheep—Receipts, 1,200: lambs steady: good to choice largely sorted. *7.75; throwouts. $64/6.50: inferior kinds down to $5.50; sixeable consignment thin lightweights unsold; dry-fed yearlings, $4.759 5.25. By United Press PITTSBURGH, June 16.—Hogs—Receipts. 1.000: market active, 109 20c higher: 160210 lbs.. *4.259 4.40 : 220-250 lbs,. *[email protected]: heavier weights. *3.759 4: 100-140 1b5.,'*3.50 ®4: packing sows. *2.259 2.75. Cattle—Receipts. 15: market nominal: medium and good steers quoted at *5 259 6.60; heifers. $4 359 5.50: beef cows. $2.859 4: bulks. *2.75 9 3.50. Calves—Receipts. 100: market steady; good and choice vealers, *596 Sheep—Receipts. 600; lambs steady; good and choice. 60-75 lb. weights. *6.50® 7.50; choice fed vearlings up to *4.50; desireable wethers. *2.5093. NEW YORK COFFEE RANGE —June 15— High. Low. Close. July 8.28 6.30 6.28 ISepWmbM 6.38 *-35 £.2*

BELIEVE IT or NOT

ON EACH WRIST - ONE IS ARITHMETIC THAI SHAPED LIKE A SPADE AND CANNOT 0£ SOLVED I Wf' THE OTHER LIKE A HEART V~-jT Detroit MicH. k FJtJrltt The square root J®| f HIM. Wins Features Syndicate,lnc, MINUS OWE IT re ** ~ F. ROSE / BUCK WEAVER f cKicago ( (wye soa) in Succession 1 j A HEN ADOPTED ‘ CHICAGO .vs Bos7bN J | 3 skunks and raised them base ruth pitching J \ iWd by R Clow Plainfield. 111. - ‘Fob, BOSTON- X —-

Dow-Jones Summary

Sun Life Insurance Company of Canada declared the quarterly dividend of $3.75 on common stock, placing the issue on sls annual basis, against $25 previously; dividend payable Julv 1. Atchison in April reported net loss amounting lo $33,153 after taxes and charges, against net income of $248,786 in April, 1931: four months showed net loss totaling $757,430 against net income of $2,193,574. Reading Company in four months ended April 30. 1932. schowed net income totaling $548,425 after taxes and charges, eauai after dividend requirements on 4 per cent non-cumulative first preferred to 21 cents a share on 839.412 shares of 4 per cent non-cumulative second preferred, against $614,912. or 28 cents a share on second preferred for like period of 1931. Interlake S. S. Company declared a quarterly dividend of 25 cents on common stock, payable July 1, of record June 18. Cities Service in May reported balance of $1,346,851 after interest, taxes, preferred dividends, etc., but before reserve and common dividends, against *1.504,275 in Mav. 1931: twelve months amounted to $15,314,794 against $29,943,491. Austin Nichols <& Cos. declared a quarterly dividend of 25 cents on prior A stock, against 37'/2 cents previously. Associated Gas & Electric system in twelve months ended April 30, reported net at $36,983,238 after taxes and depreciation, but before interest, preferred dividends of underlying companies, etc., against $41,936,449 in prevous twelve months. Pullman Inc. declared a dividend of 75 cents same as three months ago. Loft Inc. showed sales for May amounting to $1,230,844, an increase of 3 per cent and for five months ended May 31, 1932, totaled $5,894,460 a gain of 8 per cent over like period of 1931. Truax Traer Cos. in year ended April 30, reported net loss of $151,439 after all charges, against net jvrofit of $347,507 in previous year. Caterpillar Tractor in Mav showed net profit of $25,746 after all charges; five months totaled $437,299. Florida East Coast in April reported net loss totaling $209,626 after charges, against net loss of $82,963 in April 193 t; four months net loss amounted to $191,748 against net income of $49,681. Guardian Detroit; Union Group Inc. omits dividend due at this time; 25 cents was in three months previous.

MRS. WALLACE DIES She Had Been 111 About Three Weeks. Mrs. Dora M. Wallace, 53, resident of the' city for thirty years, j died of pneumonia Wednesday in ; her home, 1532 Fletcher avenue. She had been ill about three weeks. Born in Cincinnati, 0., Mrs. Wallace was married thirty-two years ago to Charles C. Wallace, Big Four railroad engineer. She was a member of the ladies’ auxiliary of the Brotherhood of Locomotive Engineers and Naomi chapter, Order of Easterrf Star. Funeral services will be held at 2 Saturday in the Bert S. Gadd funeral home, 2130 Prospect street. Burial will be in Crown Hill cemetery. The Rev. Emil Baum, pastor i of the St. Martin’s Lutheran church j of Cincinnati, of which Mrs. Wal- ! lace was a member, will conduct i the rites. CHURCH TO CELEBRATE Berea Parish to Observe First Anniversary of Founding. Berea Church of Christ, Marion i and Oliver avenues, will celebrate! the first anniversary of its found- ! ing with services Sunday morning and night. Special music will be ! provided. Sunday morning topic of! the minister, the Rev. B. L. Allen.! will be ”In His Steps.” At the night i service he will speak on “Dead, But Made Alive.” FREDERICK TO SPEAK Democratic Governor Candidate on Radio Chain Tonight. John E. Frederick, candidate for the Democratic nomination for Governor, will outline his policies over a statewide radio hookup tonight at 9:30. The address may be heard over WKBF, it was announced at Frederick headquarters here.

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: A Service “Veteran” at the Age of 16—Thomas F. Logan of Somerville, was born in July, 1885, ran away from home in the spring of 1899, and joined a volunteer regiment, going' to the Philippines, where he served as mascot of the Thirty-first United States infantry. Shortly afterward, he joined the marine corps at Cavite. Returning to Manila, he spent some time as mounted messenger in the quartermaster's department, after which he returned to the United States. But civilian life was too quiet, and early in 1901 Logan again ran away from home to join the cavalry at Ft- Myers, Va., where he remained until he joined the field artillery, Battery B. After a few days in the artillery, the New Jersey national guard, entraining for his home town, looked good to him, so he joined the group and returned to Somerville, having seen active service in all branches of land service before he was 16. Friday—Jailing the Rain.

Net Changes

By United Press NEW YORK, June 15.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Allied Chemical 5414 1?; American Can 40>/ 2 3>/ American Telephone 87 “4 2 Atchison 297* 144 Auburn 73 71^ Bethlehem Steel 9 Case ... 27 Ve 2)4 Chesapeake & Ohio 13 % Chrysler 7 i /2 Consolidated Gas 3944 i 8 Consolidated Oil 4y 8 Vi Du Pont 29 IV* General Electric 11 14 General Motors 9/4 14 International Telephone 3//, i\ “Lorillard 12>/ 8 s /8 Montgomery Ward 5V2 i/ 8 N. Y. Central 12 s / 8 ii/„ North American 1944 % Public Service 35/4 14 Radio 41,4 i) 8 Sears Roebuck 15' s 8 Standard Gas . uy 8 4s Standard Oil. N. J .- 25 7 /* v. Union Carbide 18'4 % Union Pacific 40s 1% U. S. Steel 28* l>4 Vanadium 844 Westinghouse Electric 23% l>4 Woolworth 274, I*4 •Ex-dividend.

New York Liberty Bonds ~. —June 15— Liberty 3%s ’47 100 22 Liberty Ist 4s ’47 100.50 Liberty Ist 4’is ’47 10119 Liberty 4th 4*,s ’3B 102 10 Treasury 4%s ’52 105 10 Treasury 4s ’54 102 10 Treasury 3s ’55 g 2 4o Treasury 3%s ’56 99 24 Treasury 3 3 a s ’47 ; 9712 Treasury 3%s ’43 (March) 9730 Treasury 3%s '43 (June; 98 10

Local Wagon Wheat

Citv crain elevators are oavine 37c for No. 2 wheat and 37c for No. 2 hard wheal. Plumbing Permits Perrey Unversaw. 1522-24 Shelby. C. A. Johnson, 2186 Station. Harry F. Kiel. 1434 Ewing. A. C. Erber, 1819 Huston. E .E. Taylor. 735 South East. William F. Steele, 978 Edgewood. Wi jam F. Steck, 2435 Rader. William F. Steck, 5302 Kenwood. STICKUP TRICK FAILS Motorists Refuse to Stop as They See Holdup; Victims Lower Hands. A fake holdup is beileved to have been staged early today on Watson road near Thirty-sixth street with the perpetrators hoping a real holdup would follow. Art Rose, 5778 Ruckle street, and Jacob Weiss, 5818 Central avenue, Democratic nominee for state senator, told police while they were driving near the intersection they saw two men with their hands in the air. Behind them was a third man holding a revolver and a fourth was lurking nearby. The motorists did not stop. They turned in time to see the two men lower their hands. LIFT HITLER ARMY BAN Hindenburg Action Will Permit Brown Shirts to Use Uniforms. By United Press BERLIN, June 16. President Von Hindenburg issued a decree today removing the government ban on Adolph Hitler’s brown shirt army, and again permitting members of semi-military organizations to wear uniforms.

Registered U. 8 U JL Patent Office RIPLEY

Bright Spots of Business

By United Press NEW YORK. June 17.—Sales ol Loft, Inc., for May mounted $1,320,044. a gain of 3 per cent, while sales for the five months ended May 31 were $5,394,460, a rise of 8 per cent over the corresponding period of 1931. WARREN. Ohio—Republic Steel Corporation resumed operations at its local strip mills. NEW YORK—An increase of 31.5 per cent in passengers carried by United Air Lines in May as compared witr April was reported by P. J. Johnson, president. AUBURN. Ind. Auburn Automobile Company has added 700 workers in the last few days, it was reported. MONTREAL —Hollinger Consolidated Gold Mines. Ltd., declared an extra dividend of 5 cents and the regular monthly dividend of 5 cents.

Produce Markets

Delivered in Indianapolis prices: Hens, heavy breeds. 10c: Leghorn hens, 8c: broilers, colored springers, 2 ibs. and up, 16c: V/i to 2 lbs.. 13c: bareback and partly feathered. 10c; leghorn and black, l'/a 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*/2C. Duck eggs. sc. Loss off for rots, blood rings and mashed. Butter--21 (fi'22c: under grades. 18® 19c. Butterfat —lsc. These prices for healthy stock free from feed. By the Wadley Company. By United Press NEW YORK, June 16 Potatoes— Market, dull: southern, [email protected] barrel. Bermuda. $5,500/6 barrel; Maine. $1,200/1.60 barrel; Canada, [email protected] barrel. Sweet Potatoes —Market, steady; Jersey baskets, 50c@ $1.60; southern baskets, 50@$1. Flour— Market, firm; rpring patents, $4,050/4.30. Pork—Market, steady. Mess —$17.25. Lard —Market, firmer. Middle West Spot—s4,lso/ 4.25 per 100 lbs.: tallow*-market, quiet: special to extra 17/B@2,'Bc.l 7 / B @2 , ' B c. Dressed —Poultry, market, steady; turkeys. 11® 27c: chickens, 14<fi27c; broilers, 15®29c; fowls, 80/ 19c; Long Islands ducks, 12ffjl5c. Live Poultry—Market, steady; geese, 7® 12c: ducks, 80/16c: fowls, 130/17c; turkeys, 100i>20c; roosters, 100/ lie; chjckens pullets, 220 4 6c: broilers. 120/20c. Cheese—Market., dul*. state whole milk fanev to specials, 1 Oo)20c: Young Americas, ll®ll 3 ic. Butter —Market, steady; receipts, 14.470: creamery extras, 17' 2 c; special marks. 180/ iß%t. Eggs—Market, steady: receipts, 26,254 cases near white specials, 18' 20/21' 2 c; standards. 170/18c; mediums. 150/17'2c; rehandled 14It®l4 1 t ®l4 1 -2c; Pacific Coasts, 18V20) 24 Vac; browns, 160/ 23c. By United Press CHICAGO. June 16.—Eggs Market, steady: receipts 19.387 cases; extra firsts 13®13'/ac: firsts, 12%®12%ct current receipts. U'/c; seconds. 10' 2 c Butter-Mar-ket steady; receipts, 12,494 tubs; extras, 16Vic: extra firsts, 15 7 4® 16'4c; firsts. 14% 0?15'4c; seconds, 12'4c: standards. 16’ 2 c. Poultry—Market steady to firm: receipts 26 trucks: fowls. 12®12 , 2c; Leghorns, 9c; ducks, 84/10Vfec; geese. 8c: turkeys. 100/ 12c. roosters, Bc, broilers. 14®20c: Leghorn broilers. 120/13c: stags, 11c. Cheese—Twins 9'20/IOc; Young Americas, lO'.filO'ic. Potatoes —On track 233; arrvials, 88; shipments. 905: market about steady to slightly weaker; Idaho Russets. $1 150/ 1.25; Wisconsin Round Whites. 700/ 75c; Oklahoma cobblers. 51.40fiT.55; Southern Triumphs, *1.500/ 1.60. 4 Births Boys Arch and Lillian Falender, Methodist hospital. John and Myrtle King, Methodist hospital. JHarold and Esther Harding, Methodist hospital. Henry and Vera Beisinger, Methodist hospital. Lester and Eva Holland, 19P8 English. Girls Dwight and Hazel Hoard, Mathodist hospital. Gurley and Mattie Sutton, Methodist hospital. Ben and Lillie Stratton, 3011 Shelby. Deaths Harriet Elizabeth Conklin, 56, 1354 East Minnesota, carcinoma John P. Essex. 58, 1150 Spruce, cerebral hemorrhage. William Henry Smith, 55, 709 Ogden cerebral hemorrhage. Mary Ann Fultz. 1, Riley hospital, malnutrition. Anton C. Hoss, 81, 1931 Talbot, carcinoma. Fletcher Neal. 27, 252 West St. Clair acute myocarditis. Abraham Higgins. 85, 958 West Twentyfifth. lobar pneumonia. Edward P Jackson, 56, Pennsylvania railroad, accidental. William Curtis Turpin, 64, 718 East lowa chronic myocarditis. Kate a Boehning, 60, 738 South Noble, chronic myocarditis. Raymond J. Stretsberry, 19, citv hospital, lobar pneumonia.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Kxchang* Chicago Stock Exchange New York Cotton Exchange Chicago Board of /Trade New York Curb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501

.JUNE 16, 1932

GRAIN FUTURES SHOW STEAD! TRADING RANGE Scattered Buying, Selling Prevents Much Headway in Market. By United Press CHICAGO. June 16.—Grains held close to Wednesday’s closing levels as the Board of Trade opened in a slow trade today. Scattered selling on the weakness at Liverpool was offset by moderate buying on the firmness in stocks. Weather and crop reports mostly were favorable although insect damage reports were received. Liverpool rallied on short covering, but failed to fully recover its losses. Corn was unevenly steady. Oats was dull, but rye showed firmness. At the opening W’heat and oats were unchanged to % cent lower, corn was cent lower to % cent higher and rye was unchanged to ’2 cent higher. Provisions were more active and low’er. Chicago Grain Range WHEAT— p rf „_ High. Low. 11 00. close. July 50% .50% .50% .50% Sept 53% .52% 52% .52% Dec 56% ,55? 4 .55% .566 CORN— July 31 .30% .30% 30% Sept 32% .32% .32% .32% Dec 33% .33% .33% 33% OATS— July 20% .20% .20% 20% Sept 20% .20% .20% 21 Dec 22% .22% .22% .22 RYE— July ....... .31% .31% .31% .31% Sept. ■ •,vt .34% .34 .34 -34% Dec. .38 .37% .37% .37% LARD July .. —... 3.90 3 92 Sept. mmsMA 400 4.08 I Oct. 4.06 4,05 Ry Times Special ' CHICAGO. June 16.—Carlots: Wheat 21; corn. 23: oats. 23: rye. 0. and barley. U By Times Special CHICAGO. June 15.—Primary receipts? Wheat. 279.000 against 879,000: com. 107.000 against 344.000: oat*. 76.000 against 137.000 ShiDments—Wheat. 482 00 against 956.000; corn, 114.000 against 418,000; oat*. 87.000 against 272.000. By United Press CHICAGO. June 15.—Cash grain closer W’heat—No. 2 red. 51%®51%c: No. 2 mixed. 51c: No. 3 mixed. 50c. Ctorn—No. 2 mixed. 32%c: No. 2 yellow. 30%@32%r: No. 3 yellow. 31 %c: No. 6 yellow. 30%c: No. 2 white. 32%c: No. 3 white, 32c. Oats —No. 2 white. 22c: No. 3 while. 30®22r: No. 4 white. 21c. Rve —No sales. Barley —32®440 Timothy—s2.7so 3. Clover—*9.2s® 14.26. By United rress TOLEDO. June 15.—Cash grain: Grain la elevators, transit billing. Wheat—No 2 red, 50%®51%c. Corn—No. 2 yellow. 34® 35c. Oats- No. 2 white, 24@25c. Rve—No. 2. 38%®39%c. Track prices. 28%’c rate. Wheat—No. 2 red. 45®45%c: No. 1 red. le premium: No. 3 red, % to 3 cents discount; No. 4 red. 2% to 4 cents discount. Corn— No. 2 yellow. 30®30%c: No. 3 yellow. 29® 29%c. Oats—No. 2 white. 21®22c; No. 3 white. 20® 21 %c. Clover—Prime, *9. Alsyke —Cash. $3.75. Butter-r Fancy creamery. 22c. Eggs—Extras, 11%®12c. Hay—Timothy. per cwt. 80c

Cash Grain

—June 15— The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41 %c New York rate, were: Wheat—Strong; No. 1 red. 40®41c; No. 2 red. 39®40c; No. 2 hard. 39®40c. Corn—Firm: No. 2 white. 24®25c; No. 3 white. 234*24c; No. 2 yellow. 23®24c: No. 3 yellow. 22( 23c; No. 2 mixed. 22®23c; No. 3 mixed. 21 (<i 22c. Oats—Firm: No. 2 white. 17® 18c; No. 3 white, 16® 17c. Hay (f. o. b. country points taking 23'/aO or lers rates to Cincinnati or Louisville)— Steady: No. 1 timothy, [email protected]; No. 2 timothy, $6®6.50. —lnspections Wheat—No. 2 hard, 1 car; No. 2 mixed. 1 car. Total. 2 cars. Corn—No. 2 white, 1 car: No. 3 w'hite, 1 car: No. 2 yellow, 4 cars; No. 3 yellow. 3 cars: No. 4 yellow. 1 car. Total, 10 cars. Oats—No. 2 white. 2 cars; No. 3 whlt, 3 cars. Total, 5 cars.

In the Cotton Markets

CHICAGO —June 15— High. Low. Close. January 5.79 5.68 5.79 March 5.95 5 85 5.95 July 5.29 5.23 5 29 October 5 56 5.45 5.56 December 5.71 5.16 5.71 NEW YORK January 5.70 5.57 5.69 March 5.86 5.73 5.86 Mav 6.01 5.87 6.01 July 5 25 5.12 5.24 October 5.49 5.37 5 48 December 5.64 5.52 5.63 NEW ORLEANS January 5.61 5.61 5.61 March 5.83 5.72 5.81 Mav 5 96 5.89 5.96 Julv 5 25 5.15 5.24 October 5.44 5.34 5 44 December 5.60 5 49 5.60

‘YOU’RE NOT WANTED’ University Chief Tells 1,117 Graduaes They Are New Burden to World. By United Press CLEVELAND. June 16—President Robert E. Vinson told the 1,117 members of Western Reserve university’s graduating class that they were going out into a world that has no welcome for them and which finds them only an added embarrassment. “I am tempted.” he said, “to extend my sympathy rather than my congratulations.” JOKE COSTS HIM $394 Swim Teacher Expected Laugh When Chair Was Pulled; Girl Hurt. By United Press DETROIT, June 16.—The hearty laugh that practical jokester, Wallace Laury, swimming teacher, expected to get last winter when he pulled a chair from where Miss Helen B. Michael, army teacher, expected to sit was not in sight when she obtained a judgment here for $394.46 damages in court, claiming an injured back and knee. COPS SEEK ‘SAMSON’ Two Heavy Blacksmith Implements Stolen From City Shop. Any one seeing a man walking around the streets emulating Samson or other strong men by carrying a seven-foot crowbar or a tenpound sledge hammer for exercise should call police headquarters. The man is wanted in connection with the theft of the two'blacksmith implements from a shop at 853 North Davidson street.

NEW YORK