Indianapolis Times, Volume 44, Number 32, Indianapolis, Marion County, 17 June 1932 — Page 17

•TUNE 17, 1032

STOCK MARKET RALLIES AFTER EARLY DECLINE List Moves Up Following Profit-Taking at Opening.

Average Stock Prices

Average of thirty Industrials for Thursday 50.31. off 28 Average of twenty utilities 19.25. off .01 Average of forty bonds 70 91. up 28 BY ELMER WALZER United Press Financial Editor NEW YORK, June 17.—After absorbing profit-taking that brought price* down fractions to 2 points, the stock market steadied and before noon today was rising. Volume was light. Early losses were ascribed more to lack of demand than any pressure. Whenever moderate demand appeared prices easily firmed up. The market for Auburn Automobile was still delicately balanced. The issue touched 69'. *, off 21* from the previous close and off 3% from the early high, but around noon it came back to 71 *l. Steel common dipped to 26%, off ■. and came back to above 27. American Can rallied from its early low of 38"i, off l l *. Ameircan Telephone rose above 36 after touching 85%, off 1%. Rail Issues Weaken Railroad issues joined the early decline after a steady to firm opening. In the early trading Union Pacific touched 39%. off 1%, and New York Central 12%, off •%. These issues came back to within a narrow margin of the previous close and other carrier shares followed. A rise of 1 cent in gasoline prices vent into effect in the New York metropolitan section and in the New Jersey Standard territory except Delaware. This area is ecnidered the largest consuming gasoline section in the country and the rise affects a large number of companies. It helped firm up the cil hares just before noon, although there was no pickup in activity of the group. Brisk Activity Reported Omission of, the preferred dividend on a subsidiary of Goodyear Tire and Rubber Company sent the common down more than a point to 7’i. It rallied nearly a point later, however. News from various trade centers was not as encouraging as last week, according to Bradstreet’s review. Some lines reported brisk activity, notable those producing commodities on which taxes will be levied next week. Merchandising continued its uptrend in some sections, but in some others a decided lull prevailed, the review said. Shoe manufacturing has been resumed, with some plants operating at full time in the New England section.

Bank Clearings

INDIANAPOLIS STATEMENT —June 17clearings *2,143.000.00 Debits 7.113.000.00 TREASURY STATEMENT * —June 17Net Balance for June. 15.. .*664.485,055,90 Expenditures 9.664.886.28 Customs reels month to date 8,905,898.35

New York Curb Market

(Bv Thomson & McKinnon) —June 17— lt:00 Close. Am Gas & Elec 17%fInt Super 5% Am Lt & Trac 14 Unt Pet 8% Ass G & Elec.. l-% Nia Hud Pwr.. 9% Cities Service .. 2%:Penroad it* Comm Edison 57 (St Reals Paper. 1% Eire Bd & Sh. 7% Std of Ind . . 18% Elec Pwr Assn.. 3%Std of 0hi0... 21 Vi Ford at Can... 7%|Un Gas A 1 Goldman Sachs l% ! Un Lt & Pwr.. 2% Ot A * P 120 iut Pwr % Hudson Bav . l'.ilVan Camp V*

New York Bank Stocks

(By Thomson & McKinnon) —Juna 16— Bid. Ask. Bankers 43 45 Brooklyn Trust 110 125 Central Hanover 93 97 CChase National 22% 24% Chemical 29% 31% City National 27% 29% Corn Exchange 42 45 Commercial 92 100 Continental IP* 13% Empire 14% 16% First National 080 1080 Guaranty 199 204 Irving 14% 15% Manhattan Sc Company 18’* 20% Manufacturers .' 19 s * 21% New York Trust 62 65 Public 18% 20%

Investment Trust Shares

•Bv .James T HamiU A' Cos.) PRICES ARE TO 1? NOON —June 17— Bid. Ask. Am Founders Coro com .25 .50 Am In* Tr shares 1.40 1.65 Basic Industry shares .. . 1.50 1 87% Collateral Trustee shares iAt 2.50 3.00 Cumbulattve Trust shares.. 200 2.37% Diversified Trustee shar iAi 4.00 4.75 Fixed Trust Oil shares 125 Fixed Trust shares (Ai 2.75 Fundamental Trust shar iA> 2.25 2.62 1 > Fundamental Trust shar <B• 2.37% 2.87% Leaders ol Industry (A) 2.00 Low Priced shares t .37 ’ = Mass Inv Trust shares 9.75 10.75 Nation Wide Securities. 1 75 2.00 North American Tr shares.. 1.47 1.53 Selected Cumulative shares 3.87' j 4 37>Selected Income shares 1.87*2 2.25 Shawniut Bank Inv Trust.. .25 150 Std Amer Trust shares 2.00 Sutler Corn of Am Tr sh... 1.87% 2.12% Trustee Std Oil *A 3.00 Trustee Std Oil 2.87* > 3.25 U S Elee Li * Power (A* 10.50 12.25 Universal Trust shares 1 50 2.00 Corporate Trust new 1.38 1.44

Foreign Exchange

(Bv James T. Hamill & Cos.) —June 17— Open. Sterling. England 3.63% Franc. France 0392*2 Lira. Italv 0510 Franc. Beleium 1389 Mark. Germany 2363% Guilder Holland 4031 Peseta. Spain 0822*2 Krone, Norway 1775 Krone. Denmark . .1985 Yen. Japan 3075 New York Liberty Bonds —June 18— Liberty 3%s ’47 100 26 Liberty Ist 4s '47 100.50 Liberty Ist 4's '47 101.17 Liberty <th 4%s '3B 102 13 Treasury 4* t s '52 104 22 Treastirv 4s '54 102.10 Treasury 3%s 'SB f. . 99 .’r Treasure 3%s '47 97 24 Treasury 3*. '43 (March). 97 30 Treasury 3%s ‘43 ijunn 9820 Chicago Stocks Opening •Bv James T. HamiU A- Cos.) —June 17--Reitdix Avia.../ s\-Swift At Cos 9*. Cities Servlc* .. 3% Swift Inti 17* Cord Corp ..... J’, u S Rad i Tel.. 7*. MidftS* -Wan.... % RAW SUGAR PRICES —June 16— High. Low. Close. January 9f s.' .98 March 1 2 96 1 02 May 1.09 101 108 Julv 83 .74 .82 September 89 .82 .89 December $7 .89 .96

New York Stocks ■Bv Thomaon At McKinnoni '

—June 17— Railroadi— „ Prev Hieh Low 1100 close Atchison 30% 20*4 29*4 JO** AU Coast Line , I®. Balt St Ohio • % • * Chesa Si Ohio.. 13’a 13% 13% IJ‘ Cues* Coro 7‘j 754 Can Pac 9 . 9 . Chi N Weat 3 1 * 3% C R I Si P 3% Del L *. W ■ • ... 13 Del Si Hudson... 44 43 43 45% Erie 3% Erie lat old . ■ •- - ♦’* Great Northern . .... % Illinois Central . 7% 7% J < •% lu At Nash... 12% 12'* 12'i 12'a M K <fc T 2 % Mo Pacific 2% 3 Mo Pacific ofd N Y Central... 13'a 12% 13'* 13', N Y N H Si H B*. 8 a Nor Pacific • J i Norfolk A- West 71 72 o Si w ...„ ... *% Pennsylvania.... 9 8% 8* 9% Reading ...... ••• 12'a 12% So Pacific .... 10', 10 10 9% Southern Ry * 3 a St Paul 1 St Paul pfd 1% 1% 8t L Sc 8 F.. 1% I s * Union Pacific ... 40% 39 s * 39% 41 Wabash W Maryland ••• 2% 8 Equipments— Am Car At Fdy 4% Gen Am Tank .. 11 s * 11% 11% 11 s * General Elec ... 11% 105, 10 s * 111* Gen Ry Signal ... 9*a Pullman ... 14% 14 Westingh Ar B- 10% Westingh Elec . 24', 23% 23% 24 Rubber*— Firestone 11V* Goodrich t Goodyear 8% 8 8 B*2 Lee Rubber 2% U S Rubber ....... ... ... 2'a Motors— Auburn 72% 69% 70% 71% Chrysler 7'* 7 7 1% General Motors. 9% 9% 9'4 9% Graham-Paige.. 1% 1% 1% I s * Hudson 4% Hupp 2 1% Mack 12% 13 Nash 10% Packard ... 2 1% Peerless % ... Reo 1% 1% 1% 1% Yellow Truck 1% Motor Access— Bendix Aviation. .. ... ... 5% Borg Warner 4% Briggs 4% 4% 4 s /* 4 s * Campbell Wv 2Va El Auto Lite 11% 11% El Storage B . 17% Murray Body ... ... 3',a Sparks-W 1% 1% 1% 1% Siewart Warner 2*, Timken Roll 10% 10% Mining— Am Smelt 8% 8% 8% 8% Anaconda Cop.. 4V* 4% 4% 4% Alaska Jun 9% Cal At Hecla ... ... 2 Cal At Ariz 4’, Ccrro de Pasco 5 Dome Mnles ... ~ 9% Freeport. Texas 12 Great Nor Ore.. .. ... 6% 6% Homestake Min.. . 128% Int Nickel 4% 4% 4% 4% Isl Crk Coal 11% Kennecott Con. 6% 6*4 6% 6% Miami Copper 1% Nev Cons 3% Noranda ... 11% 11*4 Texas Gul Sul.. .. ... 15 14% Oils— Atl Refining 10% 10% Barnsdall ... 4% 4% Houston 2% 2% Sbd Oil 8% 8 8 8 Mid Conti 4% Ohio Oil 7% 7*4 7% 7% Phillips 4 4 Praric Pipe Pure Oil 3% 3% Royal Dutch ... 16% 18% Shell Up 2% 2% Simms Pt 4 Cons Oil ... 5 5 Skellv 3 Standard of Cal 18% 18% 18% 18’, Standard of N J 25% 25% 25% 25% Soc Vac 7% 7 7 7*4 Texas Cos 10% 10% Union Oil 9 Steels— Am Roll Mills 4% Bethlehem 9% 9 9 8% Bvers AM 11J4 Colo Fuel ... ... 4'/a Cruc Steel 8 ... Ludlum 2% McKeesport Tin.. 35% 34% 34% 35% Midland 2% ... Repub I At S ... T. ■ 2% U S Steel 27% 26% 27 27% Vanadium 8% 8% 8% 8% Youngst S At W 5% Tobaccos — Am Tob (A) new 51 50 50 50% Am Tob IB* new 53% 52% 52% 53% Lig At Myers (B) 43 42*4 42% 43 Loriilard . • 11% 12 Reynolds Tob 28% 28% 28% 29% United Clg ... % % Utilities Abltibi 2',4 Adants Exp 5 Am For Pwr 2% 2% Am Pwr At Li... 5% 5% 5% 5.% ATAt T 87 85% 86 87% Col Gas A: El 7 7% Com At Sou ... 2% 2 2% 2% Cons Gas 39 38 38% 39% El Pwr & Li 4% 4% Inti T At T 3% 3% Natl Pwr Sc Li.. 9% 9*4 9% 9% No Amer Cos ... 19% 181* 18% 19% Pac Gas Ac El 21% 22 Pub Ser N J ... 36% 35% 35% 36 So Cal Edison 20 20 Std G At El 11% 11% United Corp ... 5% 5 5 5% Un Gag limp ... 13% 13% 13% 13% Ut Pwr Ac E A 2% 2% West Union 14% 13% 13% 15 Shipping— Am Inti Corp 3% N Y Ship 2% United Fruit 14% Food*— Am Sug 17% Armour A % % Cal Pkg ; 5% Can Dry 8% 8 8 8% Childs Cos 2 Coca Cola 94% 93% 93% 95 Cont Baking A 3% Corn Proflf ..*... 31% 31V* 31% 32 Cudahy Pkg 22% Gen Foods 22’„ 22% 22% 23 Grand Union 4% 4% Hershev ... ... 49% Jewel Tea 18% Kroger 12% Nat Biscuit 30% 30 30% 31% Natl Dairv .... 17% 17 17% 17% Purity Bak ... ... 6% Pillsburv ... 13% Safeway St ... 38% 40% Std Brands 10% 10% 10% 10% Drue*— Drug Inc 29% 28% 28% 29 Lambert Cp . . 33 32 33 36 Lehn Ac Fink ... 10*4 Industrials— Am Radiator 3% 3% 3% 3% Bush Term 4% Gen Asphalt 6% Otis Elev 12% Indus Chems— Air Red 40% 39% 40% 41 Allied Chem ... 53* _> 525, 52% 53% Com Solv 5*4 4% 4% 5% Dupont 29% 285, 28 s , 29% Union Carb 18 17% 17% 18 U S Ind A1c0... 17 16% 16% 17% Retail Stores— Assoc Dry Gels.. . ... 3Vi 3Vi Kresge S'S 8% B s , 8% 9% May D Store 11% 11 Mont Ward s*i 5*4 5% 5% Penny J C 18 18 Scars Roe 15 14% 14% 14% Woolworth 27% 26*2 26% 27 Amusements— Eastman Kod .. 44% 44 44 s , 44% Fox Film <A> ... 1% 1% Grigsbv Grunow 54 % Loews Inc 17 Param Fam 2% 2*4 Radio Corp .... 4 3% 3% 4 R K O 2% Warner Bros .... 1 % % 7, Miscellaneous— Citv Ice Ac Fu 15% Proc At Gam.... 27’, 27*2 27% 27 s , Allis Chal 7

Produce Markets

Delivered in Indianapolis prices: Hens, heavy breeds. 16c: Leghorn hens. 9c: broilers, colored springers. 2*2 lbs. and ud. 18c: 2 to 2*2 lbs. 11c: bareback and partly feathered. 10c: Leghorn and black. I*2 lbs. and up. 13c: cocks and stags. sc: Leghorn cocks. 4c. Oucks. large white, full feathered and fat, sc: small. 3c. Geese full feathered and fat. sc. Young and old guineas. 15c. Eggs—Approved buying grades of Institute of American. Poultry Industries—No. 1. 12c: No. 2. 9c: No. 3. 7c. Butter —21 to 22c: undergrades 18 to 19c: butterfat. 15c. These prices for h-eKhv stock, free from feed. No sick poultry accepted. Quoted bv the Wadlev Company. Bp United Press NEW YORK. June 17, —Potatoes—Market. steady: southern, $1 886.3.50 barrel; Maine, 51.25gf1.65 barrel Canada. $1,156 2.75 barrel. Sweet Potatoes—Market, dull: Jersey baskets, 50c©51.65; southern baskets 50c n 51.65; southern baskets. 40c©$l. Flour —Market, firm; spring patents. $4.10 ©4.35. Pork—Market quiet. Mess—sl7.2s. Lard—Market firm. Middle Wect—Spot—s4.ls© 4.25 per 100 lbs. Tallow—Market, quiet: special to extra l%#2V*c. Dressed Poultry—Market, steady; turkeys. 11©27c; chickens. 14 6 27c; fowls. B®l9c; Long Islands, 12© 15c: broilers, 15®29c. Live Poultry—Market, stead*: geese. 7© 12c; ducks. B©lsc; fowls, 12ul7ce turkeys. 10© 20c: roosters. 10611 c broilers, 12620 c; chicken pullets. 22© 26c. Cheese—Market, steady; state whole milk, fancy to special. 10620 c; Young America. ll@ll%c. Bp l'titled Press CHICAGO. June 17.—Eggs—Mt rket. steadv: receipts. 13.724 cases: extra firsts, 13 e 13**c: firsts 12*,©12%c: current receipts. ll%c: seconds. 10%c. Butter— Market, easy; receipts 13.090 tubs: extras 16* c; extra firsts. 15%(R:16c: firsts 18 1 a ©lsc; seconds. 12®13%c; standards. 16*c. Poultry -Market, easy; receipts. 52 trucks; fowls, 71‘2c; leghorns. 9c: ducks. 8610%c; gee'e, ?c: turkeys. 10612 c: roosters. 8c: broilers. 14620 c; leghorn broilers. 126 13c: stags, lie. Cheese—Twins. 9%©l#c: young Americas, 10%©10%c. Potatoes—On track. 247: arrivals. 116; shipments. 1.086: market. dull, weaker: Wisconsin round whites, 65*73.-; Idaho russets. $1,154(1.20; southern bliss trumphs. $1.3561.40. Bp United Press CLEVELAND. June 17.—Butter—Market, weak; extras 20*,c; standards 20%c. Eggs Market, steady; firsts. 13c; current receipts, 12*20. Poultry—Market, steady: low Is. 12663 c; medium. 13# 14c: leghorn fowls. 10612 c; heavy broilers. 20622 c; leghorn broilers. 12615 c; ducks. 10612 c: old cocks. B.i 10c; geese. 76 Bc. Potatoes— Maine Green Mountain 95etj$1.10: mostly sl©il.io per 100 lb. sack; Idaho russet medfam to Urge mostly $1.5001.60 per 100 n>. sack.

Am Can 39% 38% 38% 29% J I Cm 25\ 24 s . 25'4 25 s , Cont Can ... 23 23% Curtiss Wr 1 Gillette 8 R 15 14 s . 14% 14% Gold Du it 10 s , 10** 10% 10% Int Harv 18 15% 15% 15% Int Bus M ... 73', 73% Un Alrcrtf 8% 8% 8% B’, Transamerlca 2 s * 2% FLORISTS OPEN MEETING HERE Discuss Plans for Fall Flower Show. Flower growers and dealers met today at the Indianapolis Reed Company for the annual convention of the Allied Florists’ Association of Indianapolis, Inc. Plans for the fall flow r er show, sponsored by the State Florists’ Association of Indiana, and the allied group were to be drawn. A committee, including O. E. Steinkamp, Irwin Bertermann and Robert Catron, will report on arrangements for the show, to be held at the Murat temple, Nov. 11, 12 and 13. Officers of the group are: Clarence R. Greene, president; Frank E, Rieman, vice-president; Arthur Heidenreich, treasurer, and Edward C* Grande, secretary. The nominating committee has selected the following directors to be elected at the meeting: Mrs. Clara Benson. Irwin Bertermann. William Brandlein. Edward C. Grande. Clarence R. Greene Arthur Heidenreich. William Horn. Robert Kiefer. E A. Nelson. Frank Rieman. William Roeoke. C. H. Schwomever. George Wiegand, O. E. Steinkamo and E. E. Temperlev.

AGED MAN INJURED William Jolly Badly Hurt in Traffic Accident. A man who stepped i 'to the pathway of a motor car at Thirtieth street and Guilford avenue Thursday night was identified at city hospital as William Jolly, 83, of the 2800 Hundred block on Guilford avenue. Jolly was on his way to a drug store to purchase a magazine when he was struck by a car driven by Lewis B. Skinner, 3940 East Fail Creek boulevard. He suffered concussion of the brain and possible skull fracture. It was at first believed he was a St. Louisan from cards found in his pocket. A daughter of the injured man, Mrs. T. E. Green, lives at 3315 Brookside parkway, south drive. Skinner was held blameless by police and not arrested. Mary Haggard, 4, of 437 East Merrill street, suffered bruises and cuts Thursday afternoon when she was struck by the rear bumper of a truck in front of her home. She was given emergency treatment and taken home.

SPRINGER TO SPEAK McNutt Also Addresses War Veterans’ Convention. By United Press ELKHART, Ind., June 17.—Raymond Springer, Republican candidate for Governor, was scheduled to address the annual encampment of Indiana Veterans of Foreign Wars here today. Paul V. McNutt, Democratic aspirant for Governor, addressed the encampment Thursday night. The annual encampment parade will be held tonight. Officers will be elected Saturday, with Frank S. Clarke, Indianapolis, a candidate to succeed John H. Gilpin, Ft. Wayne as president. The veterans’ auxiliary is meeting in connection with the encampment. PURCHASE SEWER BONDS Bankers Remove Last Obstacle to Pogue’s Run Project. Purchase of a $409,000 bond issue Thursday by the Fletcher Trust Company, Ulnion Trust Company and Fletcher American Company cleared the last obstacle to construction of the Pogue’s Run, Broad Ripple and Irvington sewer system, which was first proposed to years ago.

Net Changes

Bp United Press NEW YORK. June 16.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. Off. Allied Chemical 53% ... A* American Can 39% ... % American Telephone 87*/ 2 % ... Atchison 304), % ;.. Auburn 71% ... I'* Case 25% ... 1% Chesapeake & Ohio l3*/ *4 ... Chrysler (uncrangcd) 7% Consolidated Gas 39V ... % Consolidated 5 % ... Du Pont 29*4 *4 ... General Electric 11% % ... General Motors lunch.i 9% International Tele lunch.).. 3% Kennecott 6% % . . Montgomery Ward 5% ... % N. Y. Central 13% I*4 ... North American 19% */ 2 . . Pennsylvania 8% ... % Public Service 36 % ... Standard Gas 11% ... % Standard Oil. N. J. (unch.) 25% ... ... Transamerica lunch.) 2% Union Carbide 18 ... % Union Pacific 41 ... % U. S. Steel 27% ... % Vanadium (unch.) 8% Westinghouse Elec 24 % ... Woolworth 27 ... %

Other Livestock Bp United Press CINCINNATI. 0.. June 17.—Hogs—Receipts. 4,900. inciuding 530 direct, held over 110. active, mostly 10 cents higher on 160 ib. up. lighter weights about steady, better eradr 160 to 225 lbs., $4.10. 225 to 300 lbs., $3.80 to $4: 300 to 325 lbs.. $3.70: 136 to 150 lbs., $3.50; largely, sows $2.50, smooth light weights up to $2.75. Cattle—Receipts. 650; calves. 300; generally steady, supply of better grade fed yearlings negligible, underlying demand for these broad, others receiving only fair action, odd lots common ahd medium steers and heifers. $4 5065.65, only few better yearlings upward to six. cows slow graasy Vef cows. $2.7563.25: good fed kinds quotable up to $4, low cutters and cutters. $1.506 2.50: bulls, $3.25 down: vealers unevenly steady to 50c or more lower; lower grades showing the most loss under narrow demand at $4.50 down, few at $5, good to choice $5.50 to 6. Sheep—Receipts. 3.000; lambs fairly active about steady, better grades siostlv $7.506 7.75. common and medium. $5,25'--6.75; plainer throwouts downward to s4s* and below, some mixed lots, $76 7.25; fat aged ewes, Sl@2. Bp United Press FT. WAYNE. Ind., June 17.—Hogs— Market, 106 15c higher: pigs. $3.40 6 3.65; light lights. $3.65© 3.85; lights. $3.85® 4; mediums, $3.7503 85; heaviss, S3 5053.75; roughs. $2,75: stags. $1.75; calves. $66 6.25: ewe and wether lambs, $6#6.25; bucks, $565.25. Plumbing Permits Carl Stahl. 1628 Spann. C Van Meter. 515 South Harding. Perry Jones. al South New Jersey. Britton & Stftel, 420 West South.

THE INDIANAPOLIS TIMES

SWINE DISPLAY STRONG TREND AT CITYYARDS Cattle and Calves Steady at Previous Levels; Sheep Up. Extreme sluggishness featured hogs at the city yards today, buyers and sellers unable to agree on prices early. Bids were steady to 10 cents higher than the previous range. Receipts were estimated at 7,500; holdovers were 230. Cattle were steady with receipts of 400. Vealers showed no changes, the range at $6 down. Calf receipts were 500. Sheep and lambs were strong to 25 cents higher, selling at $7.50 down. Receipts were 1,100. Continuing to follow the upward trend made in the past few days, hogs at Chicago this morning showed a strong tone. Asking showed a 10 to 15-cent gain over Tuesday’s best prices, while early bids and sales were strong to 10 cents up. The bulk, 180 to 210 pounds was bid in at $3.90 to $3.95; best kinds held above $4, while choice of heavy weights scaling 300 pounds sold at $3.70. Receipts were estimated at 15,000, including 5,000 direct; holdovers 4,000. Cattle receipts numbered 1,000; calves, 500; market, strong. Sheep receipts were 11,000; market, unchanged. HOGS June Bulk Top Receipts 10. *3.25® 3.60 *3.60 5.500 11. S.4o® 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 17. 3.45® 3.80 3.80 *7.500 Receipts. 7.500: market, stead,. (140-160) Good and choice...* 3.65® 3.75 —Light Lights—-(l6o-180) Good and croice.... 3.80 —Light Weights—-(lßo-2001 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—-(29o-350) Good and choice... 3.45® 3.55 —Packing Sows—-(3so-500) Medium and good.. 2.50® 3.25 (100-1364 Slaughter pigs...’... 3.50 CATTLE Receipts. 400; market, steadv. Good and choice $5.75® 7.50 Common and medium 3.75® 5.75 (1.000-1,800) Good and choice 6.00® 775 Common and medium 4.75® 6.00 —Heifers— Good and choice 5.25® 650 Common and medium 3.50® 5.25 —Cows— Good and choioe 3.50® 450 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. 500: 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. 1,100; market, steady. 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 Brest CHICAGO. June 17.— Hosts —Receipts, 15,000; including 5.000 direct; slow, steady to 10c higher: 180-220 lbs.. $3.8583.95: top, $4; 230-260 lbs.. $3.7583.90: 270-320 lbs.. $3.60(12,3.75: 140-170 lbs. $3.508 3.85: pigs. [email protected]: packing sows. $2.908 3.15; smooth sorts to $3.25; light lights. 140-160 lbs., good and choice. [email protected]; light weights, 160-200 lbs., good and choice. $3.6&®4: medium weights, 200-250 lbs.. good and choice.* $3.50@4: heavyweights. 250-350 lbs., good and choice. $3.5083.85; packing sows. 275-500 lbs., medium and good. [email protected]: slaughter pigs, 100-130 lbs., good and choice. [email protected]. Cattle— Receipts. 1,000: calves. 500: general market closing the week strong at advance: very little beef in run: few loads medium to good, grade steers. $6.50(6)6.85; latter price top; local interests buying cows and butchers heifers rather freely paying premium for drylot kinds. Slaughter cattle and vealers—Steers. 600-900 lbs., good and choice. $6.75(67.75; 900-11100 lbs., good and choice. $6,754*7.85; Ixoo-1300 lbs., good* and choice, $6.75@8: 1300-1500 lbs., good and choice. $6.75(68; 600-1300 lbs., common and medium. $4,508)6.75: heifers. 550-850 lbs.. good and choice. [email protected]: common and medium. . $3.75(6 5.75: cows, good and choice. s3@s: common and medium. $2.50 @3: low cutter and cutters, $1,508)2.50: bulls, yearlings, excluded, good and choice, beef. $38)4.50; cutter to medium. $2.50(6; 3.25: vealers. milk fed. good and choice. $5.50(8)6.50: medium. [email protected]: cull ana common. $3.508,5. Stocker and feeder cattle—Steers. 500-1050 lbs., good and choice. $586.25; common and medium, $3.7585. Sheep—Receipts. 11.000: lambs, mostlv steady: other classes nominal: good to choice. 60-72 lb. native lambs, [email protected] to packers: few closely sorted lots, $6.75 87 to outsiders. Slaughter sheep and lambs—Lambs 90 lbs. down, good and choice. s6@7; medium. $5.2586: all weights common. S4B 5.25: ewes. 90-150 lbs., medium to choice. $182.25; all weights, cull and common. [email protected]. Feeding lambs— Feeding lambs. 50-75 lbs., good and choice, blank. By United Press EAST ST. LOUIS. June 17.—Hogs—Receipts. 8,000: market, strong to 5c higher: top. $3.75; bulk 150-220 lbs. $3.6083.70: 230-270 lbs., $3.30 8 3.50; 100-140 lbs.. S3B 3.45: sows. $2.50 8 2.75. Cattle—Receipts, 1.000: calves. 600: market, 25c lower on vealers at S6: other classes fullv steady and soots strong in clean-up trade; few' steers. $5.7586.70 with others. $5.5085.75; mixed vearlings and heifers. $586: cows. $2,508)3.25: low cutters. [email protected]: top sausage bulls. $2.75. Sheep—Receipts. 3.000: market, opened steady to strong: desirable lambs. $6.5086.75: buck lambs. $5.50 @>5.75; throwouts, $3.50; fat ewes. sl@ 1.50.

Bp United Press PITTSBURGH. June 17—Hogs—Receints. 1.800; market, steady; 160-210 lbs.. $4.2564.40; 220-250 lbs.. $464.20: 250-300 lbs.. $3.7504: 110-140 lbs.. 53.65©4: packing sows. $2.25®2.75. Cattle —Receipts. 15: market, nominal: medium to good steers and yearlings auoted. $5.25®6.60; heifers. $4.356 5.50; beef cows, $2.85© 4. Calves—Receipts. 150: market, steady to strong: choice vealers. up to $6; medium to good. [email protected]. Sheep—Receipts. 1.000: lambs, steadv: good to choice. $6.50 ©7.50: medium grade. ss®6; desirable wethers. $2.2502.75. Bp United Press EAST BUFFALO. June 17.—Hogs—On sale. 2,600; active, mostly to packers; weights above 160 lbs., steady to 10c higher; bulk to good to choice. 150-240 lbs., $4.25; pigs and underweights, 15(g25c higher. $3.75 6 4 40. Cattle—Receipts. 450; grass steers barely steady, fairly fleshy grassers, $5.25; others downward to $4.50; cutter grade cows. sl<32. Calves—Receipts. 500; vealers active. 50c higher, $7 down. Sheep—Receipts. 1,500; lambs fairly active, 25© 50c lower; better grades at minimum decline; bulk good to choice, $7.50; one deck closely sorted ewe and wether lambs, $8; in-between grades, $6.50; throwouts, $5.50@6. Bp United Press CLEVELAND, June 17.—Hogs—Receipts. 400; holdovers none; steady to 15c higher; pigs, 25c up; 160-230 lbs., $4.25: 240-300 lbs.. $3.75®3.90; 150 bs. down, $3.75; for week. 15@25c higher. Cattle—Receipts. 125; grain fed steers, strong to 25c higher; grassers predominating: dull; common to medium steers. $8.2566; plain grassers, $4.65 downward; for week, steers steadv to 50c higher; bulls strong; cows unchanged. Calves—Receipts, 300 : 50c@$l higher: vealers. $7.50; top. $8: little under $6; lor week, fully $1 higher. Sheep—Receipts. 400; steady; choice lambs. $7.7568; cull to medium. $4®6.50: good yearlings, $5 downward; for week, mostly steaay. B.it United Press LAFAYETTE, Ind.. June 17.—Hogs— Market, s®loc higher: 160-200 Jbs.. $3 75; 200-210 lbs.. $3.60: 210-225 lbs., $3.55; 225235 lbs $3.50: 235-250 Ihs.. $3,455; 250-275 ibs.. $3.50: 275-300 lbs.. $3.35; 300-335 lbs.. $3 30: 140-160 lbs.. $3.50; 120-140 ibs $3.25; 100-120 lbs.. $3.10; roughs. $2.90 down; top calves, $5; top iambs, $6. Bp United Press TOLEDO. June 17.—Hogs—Receipts, light; market. 106 15c higher; heavy yorkers. $4: Mixed. $3.75® 4; bulk. $3.75© 4; pigs. $3.1063.25; lights. $3©3.25; roughs. $262.50. Cattle—Receipts. 125; market strong. Calves and receipts, light; market, strong. Sheep and lamt*: receipts, light: market, steady.

Dow-Jones Summary

Loft Inc. in quarter ended March 31. 1932. reported net profit of 1109.241 after *119.457 set aside for depreciation and amortization. Southern Pacific loading* for week ended June 14, were 18,115 cars, against 25.732 in like 1931 week. Brokers Loans during week ended June 15, increased *29,000.000 to *402,000.000; non brokers loans off *7,000.000. Delaware * Hudson in April reported net loss amounting to *87,624 after taxes and charges, against *8.664 in April 1931; four months net loss totaled *1,328.703 against *630.589. Seaboard Air Line in April showed net ioss of *443.157 after charges, against *303,051 In April 1931; four months net loss amounted to *2,419,609 against *1,464.786. Federal Water Corporation and subsidiaries for twelve months ended April 30. 1932, reports earnings after all charges amounted to $798,706 equal to $1.40 a share on 570.195 shares of Class A stock, against $2.62 a share in twelve months ended April 30, -931. Philip Morris & Cos. declared the regularly quarterly dividend of 25 cents. Refined Sugar prices advanced 20 points to 4 cents a pound. New York reserve bahk ratio on June 15. was 50.2 against 53.8 per cent a week ago. and 91.3 per cent a year ago; system ratio 57.9 against 59.4 per cent and 85.2 per cent, respectively. Ritter Dental Manufacturing Company declared the regular quartely dividend of $1.75 on preferred stock, payable July 1, of record June 20. Memphis Natural Gas Company omits quarterly dividend of 15 cents on common stock, due at this time, and declared the regular quarterly dividend of $1.75 on *7 cumulative preferred stock, payable July 1. of record June 20. Alles & Fisher, Inc., declared the regular quarterly dividend of 10 cents, payable July 1, of record June 22; 15 cents was paid in previous quarter. American Savings Bank Company of Cleveland declared the regular semiannual dividend of $7, payable July 1. of record June 28.

CONTRACTS FOR ASPHALTSIGNED Surprise Bid of W. J. Nees Wins Awards. W. J. Nees Company, Mishawaka, surprise low bidder on eight of the thirteen rock asphalt deliveries for the maintenance division of the state highway department, has been awarded two construction contracts, it was learned today. The contracts were signed Tuesday. Commission members assembled today are considering awarding contracts for purchase of some $200,000 worth of rock asphalt, and the construction contracts may eliminate Nees from making these sales, despite the fact of being low bidder, it was rumored. Contracts awarded to Nees total $119,762.96. There is a $61,515.46 contract for 3.9 miles of rock asphalt construction on State Road 28, east of Elwood and a $58,247.50 contract for asphaltic-macadam on State Road 52 for 4.3 miles south of Rushville. Both jobs are for resurfacing. Purchase of 106 trucks are also under consideration by the commissioners today and proposals have been sent out for bids to be received on fifty-five more on June 23. Those under consideration for purchase are twenty-seven threeton, fifty-two ten and one-half-ton heavy duty and twenty-seven ten and one-half-ton light duty trucks. Battle for awards between Studebaker and the Indiana Truck Corporation has delayed action at several former meetings, it is reported.

The City in Brief

Return of prosperity will be blocked until taxes cease to drain the earnings of citizens, Joe Rand Beckett, executive secretary of the Indiana Association for Tax Justice, said in an address today to the Optimist Club. A discussion of “Motor Traffic” and the regulatory laws for trucks and buses will feature the meeting of the Scientech Club of Indianapolis at its meeting Monday in the Architects and Builders building, second floor. S. C. Hadden will lead the discussion. Meeting of the civic affairs con> mittee of the Chamber of Commerce will be held Tuesday at 12:30 p. m. at the chamber, it was announced today by William Fortune, committee chairman.

In the Cotton Markets

(By Thomson & McKinnon) - CHICAGO —June 16— High. Low. Close. January 5.82 5.77 5.80 March 5.93 •July 5.38 5.27 5.34 October 5.60 5.51 5.56 December 5.75 5.70 5.73 NEW YORK January 5.77 5.68 5.72 March 5.93 5.84 5.86 May 6.08 5.98 6.02 July 5.30 5.20 5.23 October 5.55 5.44 5.48 December 5.69 5.58 5.62 NEW ORLEANS January 5.73 5.65 5.68 March 5.86 5.79 5.85 May 6.04 5.94 5.98 Julv 5.31 5.19 5.27 October 5.51 5.40 5.46 December 5.65 5.67 5.61 It is estimated that between 3 and 4 per cent of all people are left-handed.

Zaiser & Zaiser Incorporated Brokers Stocks and Bonds 129 E. Market Lincoln 9375 Lincoln Sl6*

James T. Hamill & Company Private Wirea to All Leading Market* Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapnliv Board of Trade Associated New Yerk Curb 203 Continental Bank Bldg. Tel., Kllcv MSS—Riley MM

FIVE LEADING AUTO MAKERS SHOW PROFITS Nash Net Income Tops List of Independents at $4,807,680.88. During 1931, a year in which curtailed buying power was felt in all branches of industry, five out of the eleven leading automobile manufacturers, exclusive of Ford, showed substantial profits. ' General Motors, Nash, Auburn. Chrysler and Studebaker, through aggressive sales tactics and ability to readjust themselves to changed conditions, showed well in the black as the year ended. Os all companies engaged solely in the manufacture of automobiles Nash displayed the greatest earning power for the year with a net Os $4,807,680.88.'' Deficits Are Shown General Motors, who diversified operations extend outside the auto field proper, earned a net profit of $96,877,107.26. Auburn showed $3,579,848. Chrysler was next with $1,468,935.06. and Studebaker earned the least of those who did make a profit—--5859,805.41. The total net income for 1931 for these five companies was $107,593,377.37. Deficits were shown by WillysOverland at $14,021,244.29; Hudson. $1,991,198.69; Graham Paige. $4,735.926.35; Huppmobile, $4,249,127.99; Packard. $2,909,116.24. and Reo at a net loss of $2,749,237.92. The combined losses of these six manufacturers was $30,655,852.08. Positions Are Good

With respect to holdings of cash on hand and government securities, the 1931 statements of these motor car companies again reflect surprisingly good position. The eleven companies listed show a total of $308,866,631.13, General Motors leading with $194,457,416.95 in cash and government securities. Nash is second with $36.550,48*; Chrysler third, with $23,200,861.52; Packard fourth, with $11,288,581.60; Studebaker fifth, with $9,931,794.20; Hudson sixth, with $8,908,824.29; Auburn seventh, with $8,409,716.10; Hupp eighth, with $7,095,976.72; Reo ninth, with $6,158,983.61 (in this amount Reo included municipal and other marketable securities and does not separate cash on hand and government securities from other securities); Graham Paige tenth, with $1,482,402.79, and iAjfilys-Over-land last, with the smallest holdings, $1,3981,593.35. City Woman Dies in Sleep Mrs. Elizabeth Wischmeyer, 68, was found dead in bed today at the heme of her son-in-law, John Usler, 1210 East Vermont street. Dr. James A. Salb, deputy coroner, said heart disease caused death. Hitlerites Storm Trade Union By United Press HANOVER, Germany. June 17. One hundred fifty Hitlerites stormed the trade union headquarters today and demolished the furniture.

STORE OPEN SATURDAY NIGHT TILL 9 Twd-Trouser Suits — of fine SILVER GRAY worsted —and we mean I‘FINE” at *25.00 Two-Trouser Suits — of new Nub Weaves — tweed effects summer construction at *19.75 L. STRAUSS & CO.

Bright Spots of Business

By United Frew NEW YORK. June 17.-Business activity index of the Business V eek stood at 56.7 today, compared with 55 9 a week ago. PHILADELPHIA—ApriI net income *f the Reading Conpinr was reported at $3*7,3*1. against $111,513 in April, 1931. YOUNGSTOWN. O.— Substantially higher shipments of iron and steel scrap to mill* in this district this week were taken to indicate improvement in melting schedules in the near future. NEW YORK—AIco Products. Inc., a division of the American Locomotive Company received an order for construction ol distillation equipment of 6.000 barrels capacity at Pure Oil refineries in Smith s Bluffs. Tex. SAN FRANCISCO—San Francisco bank declared the usual extra dividend of *75 a share and the regular quarterly payment of *6O. DETROIT—A rise of 5.4 per rent in sales of Dodge passenger cars and trucks in six weeks from May t to June 11, as compared with a year ago. was reported. YOUNGSTOWN. O.—Pearson Brick Company of Newcastle. Pa., will reopen its Volant (Pa.) plant on July 1. after nine months' idleness. It was announced. HARRISON. N. J.—National Oil Products Company. Inc., declared an extra dividend of *1 a share on the no-par common stock. MANCHESTER, N. H.—New Hampshire Fire Insurance Company declared an extra dividend of 10 cents a share on the $lO par stock. MONTREAL— Whiskey exports from Canada during May totaled 236,696 gallons, against 95,533 gallons in May. 1931, it was reported.

Cash Grain

—June 16— 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—Steady; No. 1 red. 40®41c; No. 2 red. 39® 40c; No. 2 hard. 39®46c. Corn—Steadv —No. 2 white, 24®25c; No. 2 white. 24®25c; No. 3 white. 23@24c; No. 2 yellow. 23®24c; No. 3 yellow, 22@23c; No. 3 mixed. 21®22e. Oats—Steady; No. 2 white, 17® 18c; No. 3 white, 16®17c. Ha v—Steadv (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisville!; No. 1 timothy. *7® 7.50; No. 2 timothy. *6®6.50. —lnspections Wheat—No. 1 red. 2 cars; No. 3 red, 1 car. Total. 3 cars. Corn—No. 3 white, 1 car; No. 2 yellow. 7 cars; No. 3 yellow, 1 car. Total, 9 cars. Oats—No. 2 white. 1 car; No. 3 white, 4 cars; No. 2 white. 1 car. Total. 6 cars.

Local Wagon Wheat

Citv grain elevators are paving 37c for No. 2 red wheat and 37c for No. 2 hard wheat. Marriage Licenses Albert Bernard Maloney, 21, of San Diego. Cal.. United States navy, and Miriam Wilson, 18. of 1933 Ruckle street, nurse maid. Sam Rabin, 23, of 1033 South Illinois street, grocer, and Pearl Kestenbaum, 21, of 3022 Central avenue, stenographer. William Edward Moran, 42, of 4344 College avenue, secretary-treasurer, trucking company, and Mary Josephine O’Brien, 29, of 5‘49 North Emerson avenue, nurse. William Hurley Risk, 21, of Columbus, Butler university student, and Christine Fay Hessong, 20, of 4004 North Capitol avenue. Walter A. Arata, 27, of Spink-Arms hotel, salesman, and Mary May Whitehurst. 22. of Spink-Arms hotel, manicurist. Chester Ben Worth. 49. of 2149 Ashland avenue, salesman, and Vesta Ruth Brown. 45. of Inidanapolis, nurse. Baker M, Hindman, 30, of 1239 South West Thirteenth court. Miami, Fla., teacher. and Mildred Mary Smith, 25. of 5607 Carrollton avenue, teacher. Charles W. Kerkhoff. 45 of 525 Prospect street, machinist, and Rachel May Walker, 28. of 1220 North Alabama street. James William Bowman. 33, of Ontario, Canada, real estate salesman, and Dorothy L. Muir. 23, of 3240 North New Jersey street. Louis W McGree. 22. of 2140 North Pennsylvania street, salesman, and Virginia G. Morrison, 24. of 645 East Twentythird street. Charles E, Osborn. 60. of Thorntown, laborer and Cora Inez. 51, of 517 West Norwood avenue.

PAGE 17

WHEAT SHOWS EASY TONE IN LIGHTTRADING Corn Strong on Firmness of July Option: Oats Steady. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO. June 17.—Wheat made a poor response to strength at Liverpool as the Board of Trade opened today, holding around steady. The. market had a firm undertone but trading was light at the start. Liverpool had a better feeling with liquidation about completed and lighter southern shipments. Corn was firm but did not advance far at the start. Liverpool Prices Up Oats was steady to firm with corn, and rye followed the action in the major cereals. At the opening wheat was unchanged to % cent higher; corn was % to % cent higher; oats unchanged to % cent higher, and rye % to a* cent higher. Provisions were steady to firm. Liverpool was much stronger than expected and at mid-afternoon stood % to cent higher. Corn Tone Strong Com is maintaining a firm undertone mainly on the strength in July, the cash month. The shipping demand is variable but good. The country has large stocks of old corn but is holding back due to the low prices. The new crop is progressing favorably. Oats is inclined to weakness but is held steady by the firmness in corn. Harvest of the new crop has begun in Kan9Rs and within ten days will be fairly general, which tends to check buying. Chicago Grain Range —.Tune 17— WHEAT— Prev, Hia-h. Low 11:00. close. July 50% .50'* .50'* .50 s , Sept 53% .52% .53 .53% Dec 56% .55% .56 .55% CORN— July 31 % .30% .30% .30% Sept 32% .32% .32% .32% Dec 33V, .32% .32 s * 33 OATS— July 20% .20% .20% .20% Sept 21V, .20% .20% .20% Dec 23 .22% .22% 22% RYE— July 31% .31% .31% .31% Sept .34% .34% .34V, .34% Dec 37% .37% .37% .37% LARD— July 3.92 3.92 Sept 4.05 4.02 Oct 4.10 4.07 4.10 4.05 Jan 3.97 .... By Times Special CHICAGO, June 17—Carlots: Wheat, 19j corn, 19; oats, 22; rye, 0. and barley 1. By Times Special CHICAGO. June 16.—Primary receipts: Wheat 419.000, againset 750,000; corn. 126.000, against 294.000; oats 87,000, against 103.000. Shipments: Wheat 463,000, against 930,000; corn 212,000, against 292.000; oats 56,000, against 117,000. By United Press CHICAGO, June 16.—Cash "rain close: Wheat—No. 4 red. 50Va®51%c; No. 1 hard, 52 %c; No. 2 hard. 51%c. Corn—No. 1 mixed 32%c: No. 1 yellow. 32%c; No. 2 yellow, 32%c; No. 1 white, 32%c; No. 2 white. 32%c. Oats—No. 2 white. 21%® 23c: No. 3 white, 20%®22c; No. 4 white. r9%c. Rye—No sales. Barley. 33®44c. Timothy—S2.7s®3. Clover. *[email protected]. NEW YORK COFFEE RANGE —June 16— „ Hieh. Low. Close •lulv 6 3* September 6.40 6 36 6.36 December 6.33 6.29 6.29