Indianapolis Times, Volume 44, Number 33, Indianapolis, Marion County, 18 June 1932 Edition 02 — Page 8

PAGE 8

STOCK MARKET IRREGULAR IN SNORT SESSION Sears, Roebuck, Auburn Are Features of Downside: Trade Light.

Average Stock Prices

Average of thirty industrials for Friday 47.56, on 2.76. Average of twenty rails 16 32, off 1.39. Average of twenty utilities 18,11, off 1.14. Average of forty bonds 70 92, off, .02. BY ELMER Z. WALZER United Press Financial Editor NEW YORK, June 18.—Aside from Sears-Roebuck and Auburn Automobile, the stock market today was dull and uninteresting, with price movements mixed. Sears-Roebuck, however, dropped to anew low for the present shares at 10 Vi, off 3%, on omission of the dividend, a surprise to the Street. Auburn Auto, after touching 63, broke to 5512, where it was off 6' 2 points net. It rallied some from the low. In the previous session the issue was forced down 9% points from its recent high of 77Vi reached at the expense of a short interest forced to cover by tactics which appeared similar to bull manipulation. * Oils Hold Well Steel common, American Can and Woolworth moved within an arc of Vi point. Such issues as American Telephone, American Tobacco B, Case, Westinghouse Electric and Consolidated Gas did not swing far outside of a point range. Changes in price of the railroad and utility shares were of little significance. Oils held fairly well on gasoline price increases. Tobaccos showed some signs of resistance in the face of a wide drop in cigaret production for May reported Friday. Principal among the items of market importance was the decisive defeat of the bonus measure by the senate late Friday night. The bill now is dead so far as this congress is concerned. No aid was forthcoming from commodity markets for the stock list, and the American dollar slipped back on a technical recovery of foreign currencies. Bonds were mixed and dull, while wheat eased to new lows for the season and cotton futures gave up a few points. Values Advance Charles G. Dawes, retiring as president of the Reconstruction Finance Corporation, reiterated his recent statement the country has reached the “turning point” in the depression. Dawes based his prediction on the general improvement in small business enterprises of the country. According to preliminary calculation, the Dow, Jones & Cos. industrial average stood at 47.55, unchanged; rail average at 16.32, unchanged, and the utility average, at 18.25, up .14 point. Sales totaled 341,080 shares, compared with 809,330 shares last Saturday. Aggregate market value of ten leading stocks was $4,130,018,092 against $4,111,483,098 Friday an advance of $18534,994.

Bank Clearings

INDIANAPOLIS STATEMENT —June 18Clearings i $1,764,000.00 Debits 4,614.000.00 Clearings for week ,12,959,000.00 Debits for week ...! 34,659,000.00 TREASURY STATEMENT —June 18 — Net halance for June 16... .$672,010,595.18 Expenditures 42.841,722.58 Customs rect. mo. to date... 9,524.735.28

New York Curb Market

(Bv Thomson St McKinnon) —June 18 — Close.: Close. Alum Cos of Am 23%|Ford of Can.. 7V Am Cvtinamid.. 2 Fox Thea % Am G At Elec.. 17'*(Goldman Sachs. % Am Sup Pwr.. l‘ 2 |Hudson Bav... IV Ark Gas A IV Mt Prod 3% Braz Pw At Lt. 8% Nat Bd & Sh.. 19 Can Marc %|Nia Hud Pwr.. 9*4 Cent Sts Elec . 2% Penroad 1% Cons G of B 42 Std of Ind ... 18 Cord 3 Un Lt At Pwr.. IV Deer At Cos 4%!Van Camp ** Elec Bd & Sh 7V Un Fndrs % Elec Pwr Assn 3%

New York Bank Stocks

ißv Thomson At McKinnon) —June 18Bid. Ask. BarAers ' 42% 44' Broklvn Trust 110 125 Central Hanover 93 97 Chase National 22 24 Chemical 29V 31V City National 26 28 Corn Exchange 42% 45% Commercial 91 99 Continental 11% 13% Empire 14% 16% First National 960 1.060 Guaranty 194 199 Irving 14% 15% Manhattan * Cos 17% 19% Manufacturers 18% 20% New York Trust 58 61 Public 18 20

Foreign Exchange

ißv James T. Hamil & Cos.) -June 18— Sterling England 3.62% Franc. France 0393 Lire. Italv 0511% Franc. Belgium 1392 Mark. Germany 2375 Guilder. Holland 4038 Peseta. Spain .0825 Krone. Norway 1785 Krone. Denmark 1982 Yen. Japan 3050

Investment Trust Shares

(By James T. Hamill & Co.i —June 18— Close. Bid Ask. Am Pounders Corp com ... .25 .50 Am Inv Tr Shares 1.40 1.65 Basto Industry Shares .... 1.50 1.87’ 3 Collateral Tr Shares (At.. 2.50 3.00 Corporate Trust New 1.33 1.38 Cumulative Tr Shares 2.00 2.37’-* Diversified Tr Sh IAI 4.75 Fixed Tr Oil Shares 1.25 Fixed Tr Shares (A) 4.75 Fundamental Tr Sh 4A * .. 2.25 2.62'i Fundamental Tr Sh cßi... 2.37’3 2.87’a Leaders of Industry (Ai... 2.00 Low Priced Shares 1.37'a Mass Inv Tr Bhares 9.75 10.75 Nation Wide securities AB7'.i 2.12’No American Tr Sh T4O 1.47 Selected Cumulative Sh... 3.87’i 4.37’• Selected Income Sh 1.87' 3 2.25 Bhawmut Bank Inv Tr 25 1.50 > Std Amer Tr Shares 2.00 Super Corp of Am Tr Sh.. 1.87' a 2.12’j Trustee Std Oil tAi 300 Trustee Btd Oil 2 87>3 325 U S Elec Lt dr Uwr 1 A *.. 10 00 12 00 Universal Tr Shares 1.50 2 00 Marriage Licenses Edwin Barklev Boldrev. 25. of 1820 East Tenth street, ohvsician. and Helen Burns. Eastland. 24. of 507 West drive. Woodruff Place, teacher. WilUam C. Spencer. 22 of Russellville, clerk, and Opal F. Frank. 20. of 1303 North Dennv street. Robert W. Revnolds. 42. of 3245 Ruckle street, tire shop operator, and Mvrtle Mae Ashbv. M. of 2433 East Washington street. Charles K. Blue. 23. of 4233 Boulevard place, office manager, and Elsie Caroline Null 22. of 4231 Boulevard place. Emil Adelman. 26. of 1731 College avenue, meat cutter, and Ooldte FiveL 25. of 3257 Ruckle street stenographer. Arthur Lewis Brown. 22. of 1321 Spruce *treet. '■heaaist and Naomi Pearl Whittaker. 19. of Route 5. Box 730. clerk Joseph Stranv. 22. of 431 North Illinois atreet. salesman, and Mario Dotv. 31. of 1617 De Lom street.

New York Stocks ““—■—— Bv Thomson A McKinnon* —————

j By United Pres* NEW YORK, June 18.—Sales on I the New York Stock Exchange to- ! day totaled 300,000 shares. Curb stock sales were 50,000 shares. —June 16— , Prev. Railroad,— High. Low Close, close. Atchison 28*. 27’,, 27V, 27% i At! Coast Line 14 Balt & 0hi0.... 6 s*. 6 5% j Chesa & Ohio . . 12V* 11% 12% 12 i Chesa Corp Can Pac 8% B*. 8% 8% I Chi Ort West IV Chi N West 3*4 3 C. R I k P 3 Del L & W 11 ’4 | Del 62 Hudson 43 Erie Ist pfd 4 ! Great Northern 7% 7*4 Illinois Central 6*. 6% I Lou & Nash 11 11 M, K 4 T 1% ... 1 Mo Pacific 2 2% Mo Pacific pld 4 3‘/2 IN Y Central.. . 12% 12 12% 12 Nickel Plate ....’ 2% 2% NY NH 4 H 7Mi 7% Nor Pacific 7% 8 Norfolk At West 68 Pere Marq 2% Pennsylvania ... B’, 8% 8% 8% Reading 12% So Pacific 9 8 v 8V 9 Southern Rv 4 St Paul ... 1 1 3t Paul Did IV 3t L 4 8 P IV2 1% 'Union Pacific ..38 37 37V* 37 W Maryland ... 2% Equipment*— ! Am Car At Fdv 4 lAm Locomotive 4% lAm Steel Fd 3% 3Mi i Gen Am Tank. 11 * 10% 11 11 General Elec ... 10*a 10'4 10' 2 10', i Lima Loco 10 Press St 1 Car \ ... i Pullman ... 13V 13V ; Westineh Ar B ... ... 10% j Westineh Elec... 22 V 21V 22 21V Rubber,— , Firestone ... ... 11 | F'.sl; V ... I Goodrich ... 3', Cor, dvear ... 7 7% ! r;c oDrgfld V u Rubber 2V r"/ 63 55'j 59', 2 62 ' h: r-’-r ... 6V 6V al Motors.. 9 8% 9 9 'am-Paice .... ... 1V IV Hudson ... 4 4 Hupp ... 2 IV .'Mark 12% 12'4 12V 12V i Nash 10 9V 9% 9V Packard .. ... IV 2 f-Reo .. ... IV 1 * * 1 Studebaker ... 3 V 3V : Yellow Truck ... IV ... Motor Access — Bendix Aviation 5V 5V 5V 5V I Borg Warner ... 4 4V 1 Briggs 4 V ... ' Eaton 4 4 !El Auto Lite ... 10V 10 10V 10V Motor Wheel 2'/* Murray Body 3 'Sparks W ... ... IV ! Stev'art Warner 2% 2V 2V ... I Timltin Roll ... .. 10V 10V Mining—- . Am Metals ... ... IV Am Smelt ... 7 V 8 Anaconda Cop 4 4 : Alrska Jun 9 8V 9 8V i Cal At Hecla 2 V 2 1 Cerro de Pasco.. 4V 4% 4V 4 | Dome Mines ... ... 9', Freeport Texas 11V G.cat Nor Ore.. 6V 5% 6V 6V Homer-take Min.. .. ... ... 128 7nt Nickel 4'/* 4 4'/, 4 i ; u'miration ... ... IV j %c. necott Cop . 5V 5% 5V 6 I Mr-ima Cop 4V , Nry Cons 3 ... I No anda ... 11V 11V | Texas Gul Sul... 14V 14 14 14V ! U S Smelt ll'/a j Oils— S Amerada ... ... 14 Ml Refining 10V 10V Ba nsdall 4V 4V 4'/ 2 4V 1 Houston ’ 2% Indian Refining 1 Sbd Oil .. B'A 7% 8V 7V Mid Conti 4% 4V Ohio Oil 7V 7 7'4 7 V Phillips 3 V 3% 3 5 /s 3% Prairie Pipe 7 7 Pure Oil ... 3V 3V Royal, Dutch ... 18% 16V 16% 16% Shell Un 3 2V 32% . Simms Pt ... ... 4 I Cons Oil 5 4V 5 5 Skelly 32% 1 Stmdard of Cal 18% 18 18% 18 . Standard of N,J 25 24V 24% 24'/* I Soc Vac 7 6% Texas Cos 10', 4 9% 10'4 10 Union Oil 9 8% Steels— Am Roll Mills .. 4% 4'/, 4'/, 4*4 Bethlehem 8% B'4 8% 8 V Bvers AM 9V 9% 9% 9% Cruc Steel 8 Inland 11 McKeesport Tin. 34 33 33% 32% Midland 2% 1 Newton 2 Kepub I & S 2% 2% U S Steel 25% 25% 25V 25% Vanadium 7*4 7V 7V 7% Youngst S Ac W 6V ... Tobaccos— Am Tob Anew. 48*4 48% 48% 48V Am Tob B new.. 51% 50% 51 50V Lig & Myers 8.. 41V 41 41V 40V Lorillard 11 10% 10*4 10% Reynolds Tob ... 28'4 27V 28 28V Utilities— • 8 Abitibi % 7, Adams Exp 2% 2% 2% , Am For Pwr 2*4 2>4 Am Pwr At Li... 5% 5% 5% 5% AT At T 84% 83% 85V 84V Col Gas & El 6% 6*, 6% 6% Com At Solu 2% 2 2% 2V Cons Gas 37V 36V 37% 36V El Pwr At Li... 4 3% 3V 3V Gen Gas A a,. % inti t & t 3% 3 v 3% 3% Lou Gas As El 12V 13 Natl Pwr fr Li... 8V 8% 8% 9 No Amer Cos 18V 17V 18V 17V Pac Gas Ar EL. 21 20*4 20 V 20% Pub Ser N J 33V 3214 33% 33V So Cal Edison 19V 19V Std G At E 1.... 11*4 11 11 11% United Corp 5 4*4 5 4% Un Gas Imp... 13 12V 12V 13 UtPwrAiLA... 2 V 2% 2% 2% West Cnion 13V 13% 13V 13% Shinning— Am Inti Corn 3*4 3'4 N Y Shin 2*4 2 2 2'4 United Fruit 13V 13*4 13% 13>4 Foods— Am Sust -17 V 17*4 17*4 17 Armour A. ... • *4 *4 Can Drv 8V 8 8 V 8 V Coca Cola 91 90 90V, 90 V Cont Baking A 3% 3V Corn Prod 30 29V 30 30 Cudahy Pkg 22*4 22 v Cuban Am Sug 1 1 Gen Foods .... 22V 21% 21% 22' Grand Union 4% Hershey .. .. ... ... 49% Jewel Tea ..." 19% Kroger 11% 11*4 11*4 11% Nat Biscuit 29% 28** 29% 28V Natl Dairy .. ... ... 16 Purity Bak ... ... 6 Pillsburv 13 Safeway St 37 37 j Std Brands 10% 10*4 10*4 10 V Drugs— Cotv Inc I*4 IV I*4 I*4 Drug Inc 28% 27% 28% 27% Lambert Cos .... 30% 29% 29% 33 Lehn At Fink 10 Industrials— Am Radiator ... 3*4 3% Gen Asphalt ... 5% 5% 5% 6 Lehigh Port ... 4V O is Elev .. 12V, 11*4 ! Indus Chems—- ! Air Red 29’, 28V 29 38V Allied CShem .. 51V 50% 51 50V I Com Solv 4% 4*4 4’, 4V ! Du Pont 27V 27*, 27V, 27V Union Carb . ... 17V 17*, 17V 17V jU S Ind A1c0.... 18% 14V 15V 16 Retail Store,— I Assoc Drv Gds. .. ... ... 3V 1 Cimbel Bros ... 1 ; Kresge S S . 8% 8V . Mav D Store 10V 10*4 Mont Ward .... 4*, 4V 4% 4V

Produce Markets

Delivered in Indianapolis prices: Hens, heavy breeds, 16c: Leghorn hens. 9c: broilers, colored springers. 2% lbs. and up. 18c: 2 to 2% lbs 11c; bareback and partly feathered. 10c; Leghorn and black. 1% lbs. and up. 13c: cocks and stags. sc: J eehorn 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 trades of Institute of American. Poultry Industries—No. 1. 12c: No. 2 9c: No. 3. 7c. Butter—2l to 22c: undergrades 18 to 19c: butterlat. 15c. These prices for hca'.thv stock, free from feed. No sick poultry accepted. Quoted bv the Wadiev Company. * By United Press NEW YORK. June 18— Potatoes—Market. steady: southern $1®3.25 per barrel; Maine. $1.25®1.65 per barrel; Canada, 51.20® 2.75 per barrel. Sweet potatoes— Market, dull; jersev baskets, 50c® $1.65; southern baskets. 40®85c. Flour—Market, dull; spring patents. 54®4.25. Pork—Market, quiet: mess, *17.25. Lard—Market, firm: middle west spot. [email protected]. Tallow —Market, steady; special to extra. 1 %fa) 2%c. Dressed poultry—Marget. steadv; turkeys. 11®27c: chickens. 14fa27c; broilers. 15®39c: fowls, B®l9c; Long Islands ducks, llfa 14%c. Live poultry—Market, fairly steady: geese. 7@l2c; ducks, B®lsc; fowls, 13® 17c: turkeys, 10® 20c: roosters, 10® 11c: chickens, pullets. 22©28c: broilers. 11® 20c. Cheese—Market, quiet: state whole milk, fancy to special, 10®20c: Young America, ll®ll%c. Butter—Market. easier: creamery extras. 17c; special marks. 17%® 18c. Eggs—Market, steady to firm: nearby white specials. 19®22c; standards. 17%®18%c; mediums. 16®18c; rehandled. 14%fa14%e: Pacific Coasts, 18%®24%c; browns, 16@24c. By United Press CHICAGO. June 18.—Eggs—Market, steady: receipts, 18,736 cases; extra firsts, 13® 13%c; firsts. 14%*j15c: seconds. 12® 13%c; standards. 16c Poultry—Market, unsettled; receipts. 5 trucks: fowls, 12%c; Leghorns. 10c; ducks. 8®10%c: geese. 8c: turkeys. 10® 12c; roosters. Sc: broilers, 14® 19c: Leghorn broilers, 12® 13c; staßs. 11c. Cheese—Twins. 9%fa 10c: Young Americas, 10V®10%c. Potatoes—On track. 266: arrivals, 128; shipment. 1.086: market, weaker; Wisconsin Round Whites. 60® 65c: Idaho Russets. $1; Southern Bliss Triumphs, *lls® 125. By United Press CLEVELAND. June 18.—Butter, eggs, poultry no quotes today. Potatoes—Maine Green Mountain, *1®1.65; mostly 81.10 per 100-lb. sack: Idaho Russet, medium to large jjnostly II SOfal.M; lew best, $1.73 per 100-lb. sack.

Penny J C 17V 17 17 17V Sears Roe 11% 10*4 10% 13V Woolworth 28 25V 25% 25% Amusement,— Eastman Kod... 42% 41% 42% 42% Fox Film A ... IV IV Grigsby Gru ' . . % % Loews Inc 16 15% 15% 16 Param Fam 2V 2V 2% 2V Radio Corp 3’, 3V 3% 3V RK O 2 Warner Bros ... 1 V % *4 Miscellaneou* City Ice At Pu 13’, Congoieum 7% Proc At Gam ... 27V 27V 27% 27 Allis Chal 6 6 Am Can 37V 36% 37V 36*, J I Case 23*, 22% 22*4 22 % Cont Can 21*, 21 >, 21V 21*. Curtiss Wr 1 % V % Gillette SR... 13*. 13 *3% 13*, Gold Dust 10 10 Int Harv 15 14 14*4 15 Int Bus M 69 69 Real Silk 3% Un Arcft B', 8 8 B*4 Transamerlca ... 2*4 2V 2% 2%

Chicago Stocks Bv Jame* T HamtlJ At 30.i

—June 18— High. Low. Last. Bendix Aviation 5V Borg Warner 4 Cities Service 2V 2V, 2*4 Commonwealth Edison 55V 55 55 Continental Chicago .. *4 % % Continental Chicago pfd 9 Cord Corp 3*4 2*, 2% Middle West Utilities .. ... % Middle West Ut 6% pld 1% Swift & Cos 9*, 9% 9V Swift International .... 17V 17’* 17V U S Radio Ar Tel 6V Walgreen com 9 V

Bright Spots of Business

Bv United Press CHICAGO. June 18.—Chicago Great Western Railroad reported net operating income for April amounted to $17,769 against $5,929 in Anril. 1931. LYNN. Mas*.—Shoe manufacturers reported additional orders for summer shoe* and early inquiry for fall goods, indicating stock* are low in stores. CHICAGO—A sharp increase in wholesale volume of drveoods in the past week was reported under the stimulus of reduced prices.

In the Cotton Markets

CHICAGO —June 18High. Low. Close. January 5.70 5.63 5.70 March 5.75 5.80 5.85 July 5.24 5.18 5.24 October 5.45 5.39 5.45 December 5.62 5.55 5.62 NEW YORK January 5.60 5.54 5.60 March 5.78 5.70 5.76 May 5.92 5.85 5.91 July 5.14 5.08 5.12 October 5.39 5.32 5.37 December 5.54 5.45 5.52 NEW ORLEANS January 5.58 5.53 5.58 March 5.74 5.66 5.74 May 5.89 5.83 5.89 July 5.89 5.83 5.89 July 5.18 5.10 5.16 October ;r. .. 5.37 5.28 5.36 December 5.51 5.44 5.51

Charles Cox Seeks Return to High Court

Hr Hr <, ( ypysisi app* -jm

Charles E. Cox

Former Justice Noted for Liberal Stand, Keeping Docket Clear. Keeping the supreme court docket clear and deciding cases in a liberal manner with relation to the times as well as traditions of the bench are the outstanding features of the career of Charles E. Cox on the high bench, his backers asserted today in a statement to the press. Former Judge Cox now is a candidate for the supreme court justiceship nomination on the Democratic ticket. With the late Judge Douglas Morris he was elected to the supreme bench when the court was far behind in its decisions and widespread complaint was heard of the reactionism of the court in cases which were decided. This applied particularly to such decisions as the •Factory Act” and other such remedial legislation. Through the influences of these two justices the opinions thereafter took on, instead of a static, a progressive tone, it is pointed out. During his term he wrote many of the most important opinions involving public policy and the welfare of the state, it is said. Among them were the Sunday baseball case, Marshall Constitution case, and the Technical institute case. The latter gave the school city of Indianapolis, as trustee in perpetuity for technical school purposes. the seventy-six acres now occupied by the Arsenal Technical high school. Plumbing Permits A. W. Holle. 4907 RAlstone. one fixture. A W*. Holle. 4863 Baltimore, four fixtures.

School Utopia By United Press PHILADELPHIA, June 18.— Summer school students at Temple university will study in luxurious ease and comfort, Dr. Harry A. Cochran, director of the school, said today. The roof of Mitten Memorial hall will be transformed into a summer garden, with deck chairs for sun baths and relaxation. Tennis courts, track and other events will be held on the roof. A dance will be given weekly for the summer students.

THE INDIANAPOLIS TTMES

PORKER TRADE ENDS WEEK IN STEADY RANGE \ Cattle and Calves Nominal on Light Supply; Sheep Unchanged. Hogs displayed a steady tone this morning at the city yards, prices unchanged with Friday’s late trading. The bulk, 100 to 350 pounds, ;o!d for $3.50 to $3.90; early top holding at $3.90. Receipts were estimated at 6,000; holdovers were 192. Cattle were nominal on receipts of 50. Vealers showed no change at $6 down. Calves receipts were 100. Not enough sheep were on hand to make a market. Prices were quotably steady. Receipts were 100. At Chicago hogs were about steady with Friday’s average, quality considered. Good to choice 180 to 260weights brought $3.75 to $3.90; top, $3.90; strictly choice kinds, $4. Receipts were 5,000, including 4,000 direct. Holdovers were 2,000. Cattle, compared with a week ago. were 25 to 50 cents, mostly 50, higher on all except choice grades. The market was active at the advance. ‘Heifers, mixed yearlings and dry lot butchers 25 cents up. Receipts were 300. The sheep market was a nominal affair, receipts numbering 6,000. Prices were quotably, steady. HOGS June Bulk Top Receipts 11. $3.40(6; 3.75 $3.75 2.500 13. 3.25® 3.65 3.65 5,500 14. 3.30® 3.70 • 3.70 7.500 15. 3.45® 3.75 3.75 5,500 16. 3.45® 3.80 3.80 7,500 17. 3.45® 3.80 3.80 7.500 18 3.50® 3.90 3.90 6.000 Receipts. 6,000; market, steadv. (140-160) Good and choice. ..$ 3.75® 3.85 —Light Lights—-(l6o-180) Good and choice... 3.90 —Light Weights—-(lßo-200) Good and choice... 3.90 (200-220) Good and choice... 3.80® 3.90 —Medium Weights—-(22o-250) Good and choice... 3.70@ 3.80 (250-290) Medium and good 3.60® 3.65 —Heavy Weights—-(29o-350) Good and choice... 3.50@ 3.60 —Packing Sows—-(3so-500) Medium and good., 2.50® 3.25 (100-130) Slaughter pigs 3.60 CATTLE Receipt*. 50; 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® 6.50 Common and medium 3.50® 5.25 —Cows— Good and choioe 3.50@ 4.50 Medium [email protected] 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, 100: market, steadv. —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, 100: market, steadv. Good and choice $ 7.00® 8.00 Common and medium . 4.50® 7.00 Ewes, medium and choice.... I.oo® 2.00 Cull and common 50 % l 0 Other Livestock B.j United Press CHICAGO. June 18. —Hogs—Receipts. 5,000; including 4.000 direct; about steaov with Friday's average. Quality considered: good to choice. 180-260 lbs., [email protected]. top, $3.90: strictlv choice kinds quotable to $4: few 150-170 lbs.. $3.65®3.85: pigs. $3.25®3.50; Digs. $2.90® 3.30: extreme weights down to $2.75: shippers took 500: holdovers. 2.00. Cattle—Receipts, 300; compared’week’ago: fed steers and long yearlings. 25®50c, mostly 50c higher on all except choice grades; market, active at advance, all interests buying; heifers and mixed yearlings, also drv lot butcher heifers fully 25c up; as much as 50c above week’s low time; dry lot cows firm to 25c higher, but grasv kinds barely steadv: bulls. 25® 40c higher and vealers. steadv extreme top fed steers. $7.65 for all representative weights; bulk drv lot steers. [email protected]; weighty steers at slight premium: grassv kinds got killer competition if fleshy; stockers consequently scarce: '■ulk grass steers to killers, $4.50®5.50: ink on replacement account. $3.75®5.50; :st feeders $6.20. Sheep—Receipts. 6,000; day’s market nominal: for week ending '.'ridsh* 30 doubles from feeding stations, 73.C00 direct: mostly steadv with choice y.rlings, 25c higher: closing bulks follow: aod to choice, native ewe and wether ‘'*"bs. $6®6.50: closelv/sorted kinds. $5.75 ®7: week’s too. $7 paid daily; fed Californias. $6.25: native bucks. ss® 5.50; throwouts. $4.50®5; fed vearlings. $4(65.25; averaging 75-85 lbs., grassv kinds of similar weights down to $3 and below; fat ewes. $1.50®2: few $2.25. By United Press PITTSBURGH. June 18.—Hogs—Receipts, 600; market, steadv to 5 cents higher; 150-220 lbs.. [email protected]; 220-260 lbs, $4 ®4.20; 100-140 lbs., $3.50@4; packing sows, $2.25®2.75. Cattle—Receipts, 50; market, unchanged; medium to good steers and years quoted [email protected]; heifers, $4.35® 5.50; beef cows, $2.85@4; bulls, $2.75®3.50. Calves—Receipts, 25: market, steady, good and choice vealers. ss@6. Sheep—Receipts, 250: market, steady; good and choice lambs $6.25®7.50; common and medium. s4@6; better grade wethers, $2.35@3. R'l United Press EAST ST. LOUIS. June 18.—Hogs—Receipts. 2.000; market, steadv to 10c higher; too. $3.80: some $3.85; bulk. 150-230 lbs.. $3.65®3.75; 230-270 lbs., $3.35; extreme heavies down to $3.15; 120-140 lbs.. $3.25 103.50; 100-120 lbs.. $3®3.35: sow's $2.50® 2.75; with week ago. 25®40c higher. Cattle —Receipts. 300; calves. 100; sheep, 300. B// Times Special LOUISVILLE, June 18.—Cattle—Receipts, 100; compared week ago market generally steady with' gratsers dull; week's bulk common and medium grass steers and heifers. $4.25®5.25; better finished kinds 55.50(X 6.25; top. $6.50; top cows, $3.50: bulk 52.50® 3: closing bulk low cutters and cutters. sl®2; top bulls, $3.25; bulk $2.50®3: bulk light stockers. s4®s. Calves—Receipts 250; steady; for Saturday and week, good and choice s4@s; medium and throwouts $5.50 down. Hogs—Receipts. 300; steadv: 170-220 lbs.. $3.90: 225-255 lbs.. 53.60 : 260-295 lbs., $3.25; 300 lbs. up. $2.75: 140-165 lbs., $3.30: 135 lbs. down, $2.90; sows, *1.7502.50; stags. 150; 35c higher for week) Sheep—Receipts, 500; Saturday's market steady: bulk better lambs, s7® 7.50: top. $8 for the week; better grades. 25®50c higher; lower grades unchanged. Friday’s shipments, 210 calves ar.d 1,461 sheep. By United Press EAST BUFFALO. June 18—Hogs—On sale. 800; market, steady; good to choice 160-240 lbs., 54.25; plainer kinds. $4.15; few 275 lbs., $3.85; pigs and underweights 53.75®'4.10. Cattle—Receipts, 50; fed steers end yearlings active and firm; scant over Monday; good offering. $6.50®7.10; few loads choice. $7.50; medium. $5.50® 6.25; heifers strong to 25c higher; better lots. s6® 6.70; grass cattle more numerous; fleshy steers and heifers, $5.25®5.50; plain kinds, [email protected]; fat cows, $3.25®3.75: cutter grades, $1®2.25. Calves —Receipts, none; vealers closed 50c over last week, $7 down. Sheep—Receipts, none: better grade lambs closed strong with last weak; early advance erased; dependable output; good to choice 68-78 lbs., $7.50®7.70; few *7: in-between kinds, *[email protected]; throwouts. $5.50® 6.25; dry fed yearlings, $4.75 fa 5.75: grassy kinds, 84® 5; handweight ewes. $2.50. By United Pres* CINCINNATI, June 18.—Hogs—Receipts, 2.900; including 500 direct; held over none; steady; better grade, 160-225 lbs. $4.10; 230-300 lbs.. $3.80® 4: 130-150 lbs, $3.50: a few sows. $2.50®2.75. Cattle—Receipts. 275: calves. 15: nominal. Sheep— Receipts. 500; nominal. By United Pres* FT. WAYNE. Ind, June 18.—Hogs—Market. steadv to 10c lower; pigs. $3.40®3 55: light lights. $3.65® 3.75; lights, $3.75fa3.90; mediums. $3.65® 3.75: heavies, $3.40® 3.65; roughs. $2.75: stags. $1.75; calves. $6: ewe and wether lambs, *6@* 25; bucks, ss® 5.25. By United Pre* LAFAYETTE. Ind.. June 18.—Hogs—Market, steady; 160-200 lbs , $3.65: 200-210 lbs . $3.60: 210-225 lbs , $3.55; 225-235 lbs. $3 50; 235-250 lbs.. $3.45; 250-275 lbs.. $3.4(1: 275300 lbs . $3.35; 300-325 lbs . $ 30; 140-180 lbs.. $.40: 120-140 lbs., $3.25: 100-120 lbs . 3310; roughs, $2.90; top calves, |5; top lambs. ss.

8-A Graduates of School 57

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ginia Volz, Joan Anderson, Marie Brocking, Gretchen H. Jones, Bee Whited. Sixth Row—Robert Locke, Hetzer Hartsock, Kenneth Steinbuck, Bruce Burgess, Tom Haynes, Hugh Wagner. Seventh Row—Jack Corey, Betty Bray, Mary Hull, Betty Macy, Mary Weaver Martha Renfrew. Eighth Row—Ralph Scherer, Sam Grant, Bob Hargrave,, Ralph McClelland, John Sparks, William Dehn. Bottom Row—William Bayless, Elmer Mullin, Garland "Bailey.

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Famous Hands in Championship Bridge History—No. 24

BY W. E. M’KENNEY Secretary, American Bridge League ARRIVING at a small slam contract is not always a difficult task, but skill often is required to successfuly make tha contract, and such a hand is presented by Mrs. Helene W. Scranton, one of the national mixed contract te?m-of-four champions. In the following hand she neatly demonstrates one of the rare plays in bridge—the safety play.

AA-K-10-8-5-3 VQ-4-2 ♦ 9 *A-Q-4 49-6 NORTH VJ-16. \Z J V 9-5 8-6 uj C/5 4 K-Q----*B-- 5 H 10-5-4 Dealer 3-2 410-9-6 SOUTH *K-J-8 AQ-J-4 V A-K-7-3 ♦ A-J 47-5-3-2 2^

The Bidding

Mrs. Scranton was sitting in the North position. Her partner in the South was the dealer and opened with one heart, West passed, and Mrs. Scranton in the North bid one spade.

You will notice that even though she had normal support in hearts, she was perfectly safe in bidding a spade, as this was a one over one and required partner to bid again. East bid two diamonds. South bid two spades. Mrs. Scranton then made a jump shift overcall of four clubs —she knew that she was going to play the hand at spades, but wished

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Mrs. Scranton

to show the terrific strength of her hand with a forcing overcall bid. South supported the club bid with a bid of five clubs. Mrs. Scranton then went to six spades. The Play Opening lead by East was the king of diamonds, which Mrs. Scranton won in the dummy with the ace. This lead# of the king of diamonds marked East with the queen and

Top Row (left to right)—Marie Schlueter, Rosebary Johnston. Charlotte Hogle, Virginia Caldwell, Eileen Westover, Maxine Chaille. Second Row—Kenneth Wilson, Harry Bowsher, Jim Irwin, Harold Carson, Victor Dochez, Junior Danner. Third Row—Frances Loomis, Jean Smith, Virginia Jewell, Jean M. Smith, Margaret Ober, Bettye Aschinger. Fourth Row—Bob Schaub, Dick Martin, John Holly, Herndon Fletcher, Dick Gripe, Bob Insley. Fifth Row—Mary Ellen Weddle, Vir-

this proved to be an important factor later in the play of the hand. Mrs. Scranton then led the jack and one spade from dummy, winning the second spade in her own hand with the ace. This picked up all the opponents’ trumps. Mrs. Scranton then took three rounds of hearts, winning the last heart in the dummy. East showed out on the second heart and Mrs. Scranton now made use of a very nice safety play—she led the jack of diamonds from dummy. She could have ruffed this card in her own hand if she had wished, but instead she discarded her losing four of clubs. East was forced to win the trick with the queen. If he led a diamond, Mrs. Scranton would trump in dummy with the queen of spades and discard the queen of clubs, while if he led a club, it would be right into Mrs. Scranton’s ace-queen. Discarding a loser on a laser so as to throw the right hand into the lead, allowed Mrs. Scranton to make her small slam contract. (CoDvrieht. 1932. NEA Service. Inc.) Next: Mrs. Vivi Hanson, who with her partner holds the women’s national contract pair championship, will give her favorite hand.

Net Changes

By United Press NEW YORK. June 18.—Closing prices and net changes op principal stocks traded today on the New York Stock Exchange follow: Up. Off. Allied Chemfeal 51 % ... American Can 37% % American Telephone 85% 1% ... Atchison 27% % ... Auburn 59% .. 2% Case 22% % ... Chesapeake At Ohio 12% % ... Chrysler 6% Consolidated Gas 37% % ... Consolidated Oil 5 Dupont 27% ... % Electric Power 3% General Electric 10% % General Motors 9 International Telephone ... 3% % ... Loews Inc 15 s * ... % Montgomery Ward 4% . . % N Y Central 12% % ... North American .: 18% \ ... Public Service 33% % Sears Roebuck 10% ... 2% Standard Gas 11 ... % Stan Oil N J 24% % ... Texas Coro 10% % ... Union Carbide 17% % Union Pacific 37% % ... U S Steel 25% % ... Westinghouse El 22 % ... Woolworth 25%

Local Wagon Wheat

Citv grain elevator* are paving 3c for No 2 red wheat anl*36c for No. 2 hard gheai

Dow-Jones Summary

Westinghouse Air Brake Cos. declared the regular quarterly dividend of 25 cents, payable July 30 of record June 20. American and national sugar advanced prices of refined sugar 10 points to $3.90. General Stockyards Corporation declared the regular quarterly dividend of 75 cents on common stock. Daily average output of east Texas oil field during week ended June 15, was 330,362 barrels, off 19,638 from previous week. Sears. Roebuck & Cos. omits quarterly dividend of 62'/a cents, due at this time. Report of Davega Stores Corporation and subsidiaries for year ended March 26. 1932, shows net loss amounting to $355,769 after depreciation, amortisation, provision for bad debts and repossession losses and other charges; this compares with net profit of $664,692 equal after preferred dividends to $1.64 a share on' 312,963 common shares outstanding in year ended March 31, 1931. Southern California Gas Cos. declared the regular quarterly dividend of 37>/2 cents on preferred stock, payable July 15 of record June 30. INDIANAPOLIS EIGHTH IN MAY BUILDING ACTIVITY Ten Cities in Nation Show Gain Over 1931, Survey Reveals. Indianapolis ranks in eighth place among ten cities shewing a gain in May . building activities over 1931, according to a recent survey. The city’s total building for the month was $781,505 as compared to $723,908 for the same period last year, and $687,225 in 1930. Chicago ranked tenth, showing decrease of nearly a million dollars under the May, 1931, total. Permits this year totaled $648,900. Other cities showing construction gains are Pittsburgh, Battle Creek, Mich.; Albany, N. Y.; Portland, Ore.; Springfield. Mass.; Davenport, la.; Stockton, Cal.; Ottumwa, la., and Hackensack, N. J. U. P. STAFF WRITER DIES Keith Jones, Veteran Reporter Had Suffered Stomach Ailment. By United Pre LONDON, June 18.—Keith Jones, a member of the London staff of the United Press and former Chicago newspaper reporter, died today from a stomach ailment. Jones, formerly was a member of the editorial staffs of the Chicago Daily News and the old Chicago Record Herald. He has been in London several years' New York Liberty Bonds —June Is——3> 2 s ’47 100.25 Liberty Ist 4s 47 101.16 liberty Ist 4',s ’47 102.13 Treasury 4’s ’52 104 20 Treasurv 4s '54 102. Treasury 3s ’55 92.10 Treasurv 3s '47 91.31 Treasury J’** '43 (March) .... J . 98. Treasury '43 iJunei ......... 9*.l*

JUNE 18, 1932

WHEAT AND RYE PLUNGE TO NEW SEASONS LOW Lack of Export Demand Is Weakening Factor in All Grains. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, June 18.—All deliveries of wheat and rye set new low levels for the season on the Board of Trade today, but the decline was not extended, due to week-end evening up and short coyering. There was no rallying power in evidence and news had little effect, sentiment is decidedly mixed. Weakness at Liverpool, where liquidation was on, was a depressing factor. Lack of an export demand and the small difference between Chicago and the English market are discouraging. Corn was active and higher on reports of a better shipping demand, with sales of 168,000 bushels and lack of pressure. Oats was supported by the firmness in corn. At the close wheat was ' to 1% cents lower, corn was V to % cent higher, oats % cent higher and rye •% to % cent lower. Provisions were firm. Receipts were: Wheat, 22 cars; corn. 52, and oats, 37 cars. Chicago Grain Range —June 18WHEAT— Prev. $ Open. High. Low. Close, close. July (old). .47*4 .48% .57% .57% 48% New .47% 48V .47% .47’* .48’* Sept. (Old). .50’* .50% .50*4 50% .51 New. ,50V .50% ,50V .50% .50% Dec 53** .53% .53 .53 .54% CORN— July .29'4 .29’* .29 V .29%. .29'* Sept 31 .31% .31 .31% 31V* Dec 31V .31% .31% ,31V .31% OATS— July 20 .20% .20 . 20** .20'* Sept 20V .20% 20V. 20% .20% Dec 22 V 22% ,22V* .22% .22*, July 29*4 .29% ,29 V .29% .30' Sept 32 .32% 32 .32 V* .33 Dec 35' 2 .35% .35% .35% .36 % LARDLARD— July 410 400 Sept 4.10 4.17 410 4.17 4.07 Oct * 4.20 4.10 Jan 4.05 4.07 4 05 4.07 4 00 BELLIES— July 4.35 430 Sept 445 445 By Times Special CHICAGO. June 18 —Oariots—Wheat lit corn, 19; oats, 24; rye, 9, and barley, 0. By Times Special CHICAGO, June 18.—Primary receipts: Wheat 475,000, against 876.000. corn 176 - 000, against 473,000; oSts 122,000, against 142,000. Shipments: Wheat 516.000. against 1,149,000; corn 330,000, against 356,000; oata 152,000, against 101.000. By United Press CHICAGO, June 18.—Cash grain close: Wheat—No. 2 red. 49',,c: No. 1 hard. 50%c; No. 1 yellow hard. 40%c: No. 2 mixed 48%c. Corn—No. 2 mixed. 31*4c; No l vellow. 31%c; No. 2. 31*4®31%c: No 3 30%c: No. 4. 30%c: No. 2 white. 31 Vic. Oats--No. 2 white. 21 Vi®22c: No 3 20% ®a is ic: No. 4. 19%c. Rve—No sales.' Barlev—3o®42c. Timothy—s2.7s®3. Clover —[email protected]. By United Press TOLEDO. June 18. —Grain in elevators, transit billing: Wheat—No. 2 red, 48%,/) 49%c. Corn—No. 2 yellow, 33®34c. Oats— No. 2 white, 24®25c. Rye—No. 2. 37® 38c. Track Prices—2B',ic rate. Wheat--No. 2 red. 43%® 44c; No. 1 red lo premium No. 3 red %@3<c discount. No. 4 red, 2'i®4c discount. Corn—No. 2 vellow. 29cx'2!)%c: No. 3 vellow, 28®28%c. Oats—No. 2 white, 21®22c; No. 3 white, 20®21%c. Clover—Prime, $9. Alsyke - Cash, *8.75. Butter. 22 cents. Eggs- 12 ®l2%c. Hay. 80 cent* per cwt.

The City in Brief

Annual picnic of employes of the Indianapolis Street Railway Company and their friends will be held today at Broad Ripple park. A program of swimming, dancing, rides and games has been arranged by the park management. At a directors’ meeting of the Brookside Community Civic League Friday night at the home of Mrs. William A. Hayes, 1564 Rural street, A. Leroy Portteus was selected as representative to the public utilities committee of the Federation of Community Clubs. Series of revival meetings at 1140 College avenue, under auspices of the Occidental Spiritualist church, will close at 8 Sunday night and will include a robe and flower ordination service. The Revs. R. A. Lowell and A. Arden of Los Angeles will be in charge. First chapel service of the 1932 Butler university summer school was observed this morning in the Arthur Jordan Memorial hall, with George Gill, director of the Indianapolis employment bureau, as principal speaker. Donald Stone, 5, of 1528 Reisner street, incurred head injuries Friday night when he fell from a swing at Rhodius park. After treatment at city hospital, he was removed to his home. Definite stand in favor of repealing the eighteenth amendment and the Wright bone dry law is the policy of the Liberty party, Ward B. Hiner, its candidate for Governor, declared in an address Friday night at a meeting of Liberty club No. 128 at 1201 Bates street. Alton limited trains between Chicago and St. Louts now are equipped with air conditioning apparatus, it was announced today by Barth Riedy, general agent. This permits keeping car windows closed, eliminating dirt and noise. Election of Glenn Pagett as president of the Indiana Stamp Club was held Friday night at a meeting in the Lockerbie. Other officers are: Dr. A. E. Dennison, vicepresident; W. F. McNairy, recording secretary; Marion F. Clarke, corresponding secretary, and E. R. Ryan, treasurer. Major Anderson W. R. C. will be represented at the state convention to be held at Richmond, beginning Sunday, in connection with the annual state encampment of the •G. A. R. Invitation for an Indianapolis couple to be wed in public with the minister’s fee, music and flowers free, in addition to a gift to the bride, was extended by the Rev. Homer Dale, pastor of the Hillsid* Christian church, 1737 Ingram street. The wedding will be a feature of a street carnival to be held Thursday night under auspices of the social union of the church. Charge of robbery was filed today against James Fykes, 22. of 220 Leeds avenue, after he had b?en identified by three employes of the Clyde Menaugh pharmacy. 2960 College avenue, as one of three men who committed a robbery in the store the night of June 12. Loot was $375.