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

PAGE 8

STOCKS SLUMP 1 TO 3 POINTS AT THE CLOSE Most of List Forced Down When Grain Futures Crack Open.

Average Stock Prices

Average of thirty industrials for Thursdsy 50.34 off .28 Average of twenty utilities 19.25, off .01. Average of forty bonds 70 94, up .28. BY ELMER~C? WALZER United Press Financial Editor NEW YORK, June 17.—A drop of 2 cents a bushel in wheat, carrying the July position to anew low at 48 cents a bushel brought increased selling into the stock market late today and the list was forced down 1 to 3 points. According to preliminary calculations, the Dow, Jones & Cos. industrial average stood at 47.56, off 2.78; rail average at 16.32, off 1.39, and the utility average at 18.11, off 1.14. Sales totaled 800,000 shares, compared with 900,000 shares Thursday. Aggregate market value of ten leading stocks was $4,111,483,098, against $4,333,078,831 Thursday, a decline of $221,595,733. Auburn Automobile, which re- ! cently had a sensational rise at the expense of a short interest forced to cover on what appeared to be pool manipulation, dropped sharply. Late in the day it was at 63, off 8% points. Thursday the issue .sold as high as 77',*. Steel Shares Weaken Steel common declined more than 2 points, being around the 25 level. Allied Chemical lost 2 points also, preferred 6, being nearly 3, and the prfcerred 6, being influenced by the drop in wheat. American Can, Consolidated Gas, Eastman Kodak, American Telephone and Atchison lost 2 points or more each. Union Pacific was down 3 points. During the early trading, the market moved narrowly. Several J attempts were made to rally prices, but none brought in any buying volume. Reactionary tendencies broke out in the early afternoon and gathered momentum as the price of w'heat broke further. Selling in wheat was coming from many sources. The principal reason advanced for this unloading was report of larger than expected yields where crops are being harvested in the southwest. Other commodity markets sold off with wheat. Cotton dipped after early firmness, and sugar, after twelve days of rise, also joined the downturn. Bonds Turn Irregular Bonds turned irregular. German issues were strong most of the day on expectation of favorable developments at the Lausanne conference. The first day’s business session at Lausanne brought out nothing to warrant this belief, and, in fact, no tangible progress was noted, this being a factor in the stock market dullness and price decline along with wheat. Business new's was mixed. Trade reviews found some irergularity after a pickup last week. Cigaret output for May dropped sharply as did cigar, tobacco and snuff production. The tobacco shares reacted on the latter item. The weekly federal reserve report presented a favorable array of items. A loss of $70,000,000 in monetary gold was reported, bringing the total gold stock on hand in the country to $3,909,000,000, anew low' since Dec. 9, 932. This was offset by a gain in credit of $71,912,000. Brokers’ Loans Rise The credit gain was accounted for by purchase of $47,640,000 in United States government securities and an increase of $29,944,000 in bill holdings. The last two items total $77,584,000, from which must be deducted $5,672,000 decrease in member bank borrowings. The New York Federal Reserve bank reported a sharp increase in loans and investments, being considered the most favorable item in the reserve report. Circulation of currency increased $15,000,000, a seasonal rise, compared with a rise of $33,000,000 in the corresponding week of 1931. Brokers’ loans rose $29,000,000, a change which might indicate greater outside interest in the stock market.

Bank Clearings

INDIANAPOLIS STATEMENT —June 17— Clearings $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 rects month to date 8.905.898.35

New York Curb Market

(Bv Thomson & McKinnon) —June 17 — Close Close Alum Cos of Am. 23*,:3u1f Oil 25 Am CYanamid.. 2*. ludson Bay 1% Am Gas & Elec 17% (nt Super s*, Am Lt & Trac.. 14 imp Oil of Can.. 7 Am Sup Pwr .. I%'tnt Pete 8% Ark Gas (A)... % Vfidwest Util ... % Ass Gas & Elec I’, Mt Prod 3% Braz Pwr & Lt 8% Nat Aviation ... 3% Cent Sts Elec.. % Newmont Min .. 6 s * Cities Service.. 2*. Nia Hud Pwr... 10 Com Edison .... 56 Pitt Glass 12% Cord 3% Penroad I** Deer &Cos 5 St Regis Paper.. % Elec Bond & Sh 6% Salt Creek 3 Elec Pwr Assn. 3% Std of Ind 18 Gen Aviation .. 2 >Std of 0hi0.... 21% Ford of Can ... 2 !Un Gas <A> % Ford of England 2% Un Lt & Pwr . 2 Goldman Sachs, l'jvan Camp ' Great A & P.. 118 !Un Fndrs %

New York Bank Stocks

(By Thomson & McKinnon) —June 17Bid. Ask. Bankers 43 45 Brooklyn Trust 113 128 Central Hanover 93 97 Chase National 23% 24% Chemical 29% 31 % City National 26** 28’, Corn Exchange 42% 45% Continental 11** 13% Empire 14*, li% First National 975 1,075 Guaranty 197% 202*, Irving 14% 15’, Manhatten & Company ... 18’ 20% Manufacturers 18% 20% New York Trust 60 63 Public 18% 20’,

Foreign Exchange

(Bt James T. Hamill & Co.i —June 17— Open Close Sterling. England 3.63‘i S.Ja Franc. Prance 0392‘i .0392 Lira Italv 0510 .0511 >• Franc. Belgium 1389 1389 Mark Germany 2363'j .2355 Guilder Holland 4031 .4033 Pesrt . So." In 0822' t .0824 Kron- Norway 1775 .1785 IfKrcne. Denmark 1985 .1990 Yen. Japan 3075 3055

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

By L nited Prits NEW YORK, June 17.—Sales on the New’ York Stock Exchange today totaled 800,000 shares. Curb stock sales were 100,000 shares. —June 17— Railroad*— Prev. High. Low. Close, close. Atchison 30 s * 271-2 27** 30% Atl Coast Line . 14% 14 14 18 Balt it Ohio 6’ 2 s** 5% 6*. Chesa & Ohio . 13 1 am 12 13% Chesa Corp 7% 7 7 7% Can Pac 9’* 8% Bs,8 s , 9% Chi Ort West 1% ... Chi N West .... 3’, 33 3*a C R X & P 3*2 2’. 33 % Del L & W 12 It 1 * 11V 13 Del & Hudson.. 44 43 43 45*. Erie 3 s , * Erie Ist pfd 4 4% Great Northern 7% B*4 Illinois Central . 7 6% 6*. 7*2 Lou & Nash ... 12 S 11 11 12% M K & T 2 % MoM Paciflc 2% 2 Mo Paciflc pld.. 4 3% 3% 4 N Y Central ... 13*2 11% 12 13*. Nickel Plate ... 32% 2’, ... NY NH A H 8% 7% 7% B' 2 Nor Paciflc B', 8 8 8% Norfolk & West 71 88 68 72 O & W 5% Pere Marq 2'/a ... Pensvlvama .... 9 88’. S’* Reading ... 12'2 12% So Paciflc 10'* 9 9 9*4 Southern Rv 4 37* St Paul 1 St Paul pfd I*4 1% St L * S F ... 1% I*. Union Pacific ... 40’. 37 37 41 W Maryland 2% 2% 2* 2 3 Eauinmrnt*— Am Car & Fdv.. 4'. 4 4 4% Am Locomotive 4% ... Am Steel Fd 3*2 ... Gen Am Tank.. 11% 11 11 11% General Elec . . 11'4 10*. 10',. 11*. Gen Rv Signal 9'/* Lima Loco 10 Pullman 145, 13% 13*4 14 Westlngh Ar B 10% 10% Westlngh Elec.. 24% 21 *2 21*. 24 Rubbers— Firestone 11 10% 11 11*4 Goodrich ... ... 3 Goodyear B*4 7 Vi 7% 8% Kelly Sprgfld % ... Lse Rubber 2Vs U S Rubber 2% 2% 2% 2Va Motors— Auburn 72% 62 62 71% Chrysler 7% 6% 6*. 7*4 General Motors.. 9% 9 9 9% Graham-Palge .. I*4 l’/a I*4 1% Hudson 4 4*4 Hupp 2 1% 1% l 7 '* Mac* 12% 12*2 12*2 13 Nash 10 s>% 9% 10% Packard 2 1% 2 17/*l 7 /* Reo 1% 1% 1% 1% Studebaker ... 3% .. • Yellow Truck .... ... ... 1% Motor Access— Bendix Aviation. s’* 5% 5% 5% Borg Warner .... ... 4% 4% Briggs 4% 4% 4% 4% Campbell Wy .... ... ... 2% Eaton ... 4 El Auto Lite .12 10*/ 2 10% 11% El Storage B 17% Motor Wheel ... 2% Murray Body 33% Sparks W 1% 1% 1% I*4 Stewart Warner 2% Tlmkln Roll ... 10% 10* 2 10>/ 2 10% Mining— Am Metals I*. 1% 1% ... Am Smelt 8% 8 8 8% Anaconda Cop .. 4% 4 4 4Va Alaska Jun 9% 8% 8% 9% Cal & Hecla 2 2 Cal & Arlz ... ... 4’. Cerro cle Pasco.. 5 4 4 Dome Mines 9% 9% Freport Texas... 12 11% 11% ... Great Nor Ore... 6*4 6% 6% 6% Homestake Min.. .. ... 128 128% Int Nickel .... 4% 4 4 4% Inspiration 1% ... Isl Crk Coal 11% Kcnnecott Cod.. 6% 5% R 6% Magma Cod 5 4% 4% ... Miami Cooper 144 Nev Cons 3*/b Noranda 11% 11 11% 11% Texas Gul Sul... 15 14*4 14% 14% U S Smelt 11 % ... Oils— Amerada ... 14 Atl Refining.... 10% 10% 10* 10% Barnsdall 4% 4% 4% 4% Houston 2% 2% 2% 2% Indian Refining 9 Sbd Oil 8% 7% 7% 8 Mid Conti 4% 4% 4% 4% Ohio Oil 7% 7 7% 7*4 Phillips 4 3% 3% 4 Prarie Pipe 7 7 Pure Oil 3% 3% Roval Dutch ... 16% 16*4 16% 16% Shell Un 2% 2% Simms Pt 4 4 Cons Oil 5% 4% 5 5 Skelly 3% 3 Standard of Cal 18% 18 18 18% Standard of N J 26% 24% 24% 25% Soc Vac 1% 6% 6% 7% Texas Cos 10% 10 10 10% Union Oil ...... 9% 8% 8% 9 Steels— * Am Roll Mi 115.... 4% 4% 4% 4% Bethlehem 95* 8% 8% 8% Bvers A M 10*2 9% 9% 11% Colo Fuel 4% Cruc Steel 8 ... , Ludlum 2% McKeesport Tin.. 35% 32 5 . 32% 35% Midland ... 2% ... Repub I & S ... 2% 2% U S Steel 27%. 25% 25% 275* Vanadium 8% 7% 7% 8% Youngst S & W. .. ... ... 5% Tobaccos — Am Tob *AI new 51 48% 48% 5054 Am Tob (Bl new 53% 50% 50% 53% Lig & Myers IB) 43 40% 40% 43 Lorillard 11% 1054 10% 12 Reynolds Tob... 28% 28% 28% 29% United Cig ... % % Utilities— Abitibi % 2*4 Am For Pwr ... 254 2 % 2% 2% Am Pwr & Li... 554 5*4 5*4 5% AT&T 87 84 V* 84% 87% Col Gas & El.. 7% 6% 6% 7% Com & Sou 2*4 2 2*4 2*4 Cons Gas 39 36% 36% 39*4 El Pwr & Li 4% 3% 3% 4% Gen Gas A ... % .• • Inti TANARUS& T .... 374 -3% 3% 374 Lou Gas & El ... 13 NaNtl Pwr & Li 9% 9 9 9% No Amer Cos ... 195* 17% 1754 1974 Pac Gas &El . 21% 20% 20% 22 Pub Ser N J ... 36% 33% 33% 36 So Cal F.dison . 20 19% 19% 20 Std G & El 12 11% 1174 11*4 United Corp ... 5% 474 474 5*4 Un Gas Imp ... 13% 13 13 13% UtPwr&LA... 2*4 2 s * 2% 2*4 West Union 14% 13% 13% 15 Shipping— Am Inti Corp .. 3% 3% 3% 3*2 N Y Ship 2% 2% United Fruit ... 14% 13% 13% 14% Foods— Am Sug 195* 17 17 17% Armour A ... % % Cal Pkg 5-% Can DiY 8% 8 8% B*4 Childs Cos 2 Coca Cola .... 94% 90% 90% 95 Cont Baking A 3*4 3% Corn Prod 31% 30 30 32 Cudahy Pkg 22*4 22%

Produce Markets

Delivered in Indianapolis orices: Hens, heavv 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: leghorn cocks. 4c. Oucks. large white, full feathered and fat. sc: small. 3c. Geese full feathered and tat. 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—2l to 22c: undergrades 18 to 19c: butterfat. 15c. These prices for healthv stock, free from feed. No sick poultry accepted. Quoted bv the Wadlev Company. By United Press NEW YORK. June 17— Potatoes—Market. steadv: southern. [email protected] barrel; Maine. $1.25(81.65 barrel Canada. $1.15® 2.75 barrel. Sweet Potatoes—Market, dull; Jersev baskets, 50c®51.65; southern baskets 50c® $1.65; southern baskets. 40c® sl. Flour—Market, firm: spring patents. 54.10 (8 4 35. Pork—Market, quiet. Mess—sl7.2s. Lard—Market firm. Middle West—Spot—s4.ls®4.2s per 100 Ibs. Tallow—Market, nuiet: special to extra lT®2’.c. Dressed Poultry—Market, steady: turkeys. 11(®27c; chickens. 14®27c; fowls, 8(8T9c; Long Islands. 12®15c; broiler?, 15®29c. Live Poultry—Market, steady: geese. 7® 12c; ducks. 8(n 15c; fowls, 12®17cy turkeys. 10® 20c; roosters, 10® 11c broilers, 12®20c; chicken pullets, 22®23c. Cheese—Market, steady: state whole milk, fancy to special. 10®20c; Young America, ll@ll%c. By United Press CHICAGO. June 17.—Eggs—Market, steady: receipts. 13,724 cases; extra firsts, 13®13%c: firsts 12% (@l2%c; current receipts. ll',c; seconds, 10% c. ButterMarket, easy; receipts 13.090 tubs: extras 16',c; extra firsts. lS%<£l6c; firsts 14 1 a ®lsc; seconds. 12@13*,c: standards. 16%c Poultry—Market, easv: receipts. 52 truck*; fowls, ll’-jc: leghorns. 9c: ducks. SrnlO'jc; geese. 8c: turkeys. 10® 12c; roosters. 8c; broilers. 14®20c: leghorn broilers. 12®13c; s'ags. 11c. Cheese—Twins. 9%®Toc; young Americas. 10',® 10-ac. Potatoes—On track, 247; arrivals. 116; shipments. 1.086; mark- t. dull, weaker: Wisconsin round whites. 65'8 75c; Idaho russets. $1.15® 1.20; southern bliss trumphs. $1.35®1.40. By l nited Press CLEVELAND. June 17 —Butter—Market, weak; extras 20%c; standards 20*,c. Eggs Market, steady: firsts, 13c: current receipts. 12%e. Poultry—Market, steady; fowls. 12813 c: medium. 13®14c: leghorn fowls. 10® 12c; heavy broilers, 20® 22c: leghorn broilers, 12® l'sc; ducks, 10® tic; old cocks, Bc§ 10c; geese. 7® Bc. Potatoes — Maine Green Mountain 95c®51.10: mostly $ 1 ®l.lO per 100 lb. sack; Idaho russet medium to large mostly )1.50®1.60 per 100 lb. sack. By United Press CINCINNATI. 0.. June n.—Butter. oacking stock No. 2 9c: No. 3.7 c: butterfat. 11® 13c Eggs—Firmer: cases included: extra firsts. 13c; seconds lie; nearbv ungraded. 13c. Live poultry—Fowls. 5 lbs. and over. 12* 4 lbs. and over. 12%c: 3 lbs. and over, lie: Leghorns. 3 lbs. and over. 9%c: roosters. 9c: colored broilers. 1 lb. ana over. 15c: 1% Ibs. and over 16c; 2 lbs. and over. 19c: frvers. 3 Ibs. and over. 22c: partly feathered. 12® 14c: Leghorn broilers. 1 lb and over. 14c. 1% lbs. md over, 16c; 2 lbs and over. 16c: black oirngers. 12c: ducks, under 3 lbs. sell % liberal concessions ducks: white. 4 lbs nd over. 6c: under 4 lbs., 55c; colored. 4 - :s -n'* over. 6c. un-*er 4 lbs . sc: soring ■*uc :s whit*. 4 lbs. -’-d over. 10c: uider 4 bs.. 'r colored. * V'S. end ev'r. VOc: un■ter 4 1 - 8c: turk'vs. No. 1 hers 8 lbs sr.d over 13c; voun* Toms. No. 1 10 lbs and over. 13c.

Cuban Am Sug. 1 Gen Food* 22% 22% 22% 23 Orand Union ... 4% 4% 4% 4% Hershey 49*2 49% Jewel tea 19% I*% Kroger 11% 11*4 11*. 12% Nat Biscuit 30 28% 28’. 31% Natl Dairy 17% 16% 16 17*2 Purity Bak .... 6 5% 6 6*. Pillsbury 13 13% Saefway St 38% 37 37 40% Std Brands .... 10% 10% 10% 10** Drugs— Coty Inc 2 I*4 I*4 ... Drug Inc 29% 27 s . 27% 29 Lambert Cos .... 33 32 33 36 Lehn & Fink 10 10* 4 Industrials— Am Radiator ... 3% 3% 3 s . 3% Bush Term 4% Gen Asphalt ... 8% 8 6 6% Otis Kiev 12 11*4 11*4 12*j Indus them*— Air Red 41 38% 38% 41 Allied Chem 53*2 30% 50 s . 53 s , Com Solv 5% 4*4 4% 5% Dupont 29’g 27*2 27% 29% Union Carb 18 17% 17% 18 U S Ind Alco ... 17% 16 16 17*4 Retail Store*— Assoc Dry Gds 3% 3% Kresge 3 S B’* B** 8% 9V* May D Store.... 11% 10*4 10% 11 Mont Ward 5% 4*, 4 7 -* 5*4 Penny J C 18 17% 17% 18 Sears Roe 15*4 13% 13% 14*4 Woolworth 27% 25% 25*4 27 Amusement*— Katsman Kod .. 45% 42 42% 44-% Fox Film tA • 1% I*2 Grigsby Grunow % 54 Loews Inc 16% 16 16 17 Param Fam 2% 2** 2% 2% Radio Corp ... 4 3% 3% 4 R K 0 27, Warner 8r05.... 1 *, % 7* Miscellaneous— City Ice &Pu 1554 155a Congoleum ... 7*4 Proc & Gam .... 27% 27% 27% 27*4 Allis Chal 6% 6 6 7 Am Can 39% 3654 3674 39% J I Case 2672 2274 22*4 255* Cont Can 23 21% 21 s /* 2374 Curtiss Wr 7* 1 Gillette S R 15 13% 13 54 14 74 Gold Dust 1054 10 10 1074 Int Harv 16 15 15 15% Int Bus M 7274 69 69 7374 Real Silk ... 374 ... Un Aircraft 87* 87* BT4 87* Transamerlca ... 2% 2% 2* 2* /4

Chicago Stocks Bv James T Hamlll & Jo.l

—June 17— High. Low. Last. Bendix Aviation 5% 5% 5% Borg Warner 4% 4 4 Cities Service 2% 2*4 2% Commonwealth Edison. 58 74 55 % 55% Conti Chicago pfd 974 9 9 Cord Corp 3% 3% 374 Grigsby Grunow % % 74 Insult Util Invest V* % % Middle West Utilities... 54 % 5* Public Service N P 3574 31% 31% Swift & Cos 974 9*4 9 7 4 Swift International .... 17 3 / 4 1774 177* U S Radio & Tel 77* 67* 6*4 Walgreen 10 954 954

Bright Spots of Business

By United Press NEW YORK. June 17.—Business activity index of the Business Week stood at 56.7 today, compared with 55.9 a week ago, PHILADELPHIA—ApriI net income of the Reading Company was reported at $327,381, against $111,513 in April, 1931. YOUNGSTOWN, O —Substantially higher shipments of iron and steel scrap to mills 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 of 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 qf S6O. DETROIT—A rise of 5.4 per cent in sales of Dodge passenger cars and trucks in six weeks from May 1 to June 11. as compared with a year ago, was reported. YOUNGSTOWN. O.—Pearson Brick Company of Newcastle. Pa., will reopen its Volant (Pa.i 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.

Net Changes

By United Press NEW YORK, June 17.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Off. Allied Chemical 50% 3 American Can 36% 3 American Telephone 84% 3*4 Atchison 27% 2% Auburn 62 9% Bethlehem Steel 8% % Case 22% 3% Chesapeake & Ohio 12 1% Consolidated Gas 36% 2% Consolidated Oil (unchanged) .. 5 Du Pont 27% 1% Electric Power 3 7 /* % General Electric 10% 1% General Motors 9 % International Telephone 3% % Lorillard 10% 1% Montgomery Ward 4% % N. Y. Central 12 1% North American 17% 2% Pennsylvania 8% % Public Service 33% 2% Radio 3% V, Sears Roebuck 13% % Standard Gas 11V* % Standard Oil N. J 24% 1% Texas Corp 10 % Union Carbide 17% % Union Pacific 37 4 U. S. Steel 25% 2% Vanadium 7% 1% Westhouse Electric 21% 2% Woolworth 25% 1%

In the Cotton Markets

CHICAGO —June 17— High. Low. Close. •Tanuarv f 5.80 5.67 5.67 March 5.95 5.85 5.84 July 5.34 5.18 5.18 October 5.39 5.40 5.40 December 5.74 5.56 5.56 NEW YORK January .. 5.74 5.560 5.62 March 5.90 5.77 5.78 Mav 6.05 5.93 5.93 July 5.28 5.13 5.15 October 5.53 5.36 5.40 December 5.67 5.51 5.54 NEW ORLEANS High. Low. Close. January 5.69 5.55 5.55 March 5.86 5.70 5.71 May 6.02 5.85 5.85 July 5.29 5.14 5.14 October 5.48 5.33 5.34 December 5.62 5.46 5.48

Investment Trust Shares

(Bv James T. Hamill & Cos.) PRICES ARE TO 12 NOON —June 17Bid. Ask. Am Founders Core com 25 .50 Am Inv Tr shares 1.40 1.65 Basic Industry shares 1.50 1.87% Collateral Trustee shares (A) 2.50 3.00 Cumbulative Trust shares.. 200 2 37% Diversified Trustee shar iA • 4.00 4.75 Fixed Trust Oil shares 1.35 Fixed Trust shares (At 2.75 Fundamental Trust shar iA) 2.25 2.62% Fundamental Trust shar tß> 2.37% 2.87% Leaders of Industry (A).... 2.00 Low Priced shares 1.37% Mass Inv Trust shares 9.75 10.75 Nction Wide Securities 1.75 200 North American Tr shares.. 1.47 1.53 Selected Cumulative shares 3 87% U 37% Selected Income shares 1.87% 2.25 Shawmut Bank Inv Trust.. .25 1.50 Std Amer Trust shares 2.00 Rimer Corn of Am Tr sh... 1.87% 2.13% Trustee Std Oil <A( 3.00 Trustee Std Oil (Bl 2.87*j 3.25 U R Elec Li & Power (A’ 10.50 12.25 Universal Trust shares... . 1.50 2.00 Comoret Trust new 1.38 1.44 New York Liberty Bonds —June 17— Liberty 3%s ’47 100.27 Liberty Ist 4*,s 47 101.18 Liberty 4th 4%s ’3B 102.12 Treasury 4%s ’52 104.23 Treasury 4s '54 102.12 Treasury 3s ’55 92.20 Treasury 3*,s '56 99.22 Treasury 3%s '43 (March) 98.10 Treasury 3%s '43 (June* 98.20 Plumbing Permits Carl RtsV. 1578 S-iai” C Van Meter. 5‘5 'VTh Harding. Perry Jones. 501 South New Jersev. Britton & Stinei. 420 West South.

THE INDIANAPOLIS TIMES

SWINE DISPLAY STRONG TREND AT CITY YARDS 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 Tod Receipts 10 $3.2558- 3.60 $3.60 5,500 11. 3.40(b) 3.75 3,75 3,500 13. 3.25@ 3.65 3.65 5.500 14. 3.30® 3.70 3.70 7.500 15. 3.4543! 3.75 3.75 5.500 16. 3.45<@ 3.80 3.80 7.500 17. 3.45(&.i 3.80 3.80 7.500 Receipts, 7.500: market, steadv. (140-160) Good and choice...s 3.65@ 3.75 —Light Lights—-(l6o-180) Good and croice.... 3.80 —Light Weights—-(lßo-200) Good and choice.... 3.80 (200-220) Good and choice... 3.70® 3.75 —Medium Weights—-(22o-250) Good and choice.. 3.65(3:3.70 (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 (100-1303 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® 7.75 Common and medium 4.75® 6.00 —Heifers— Good and choice 5.25® 6.50 Common and medium 3.5W8) 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. 500; 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, 1.100; market, steadv. 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 , CHICAGO. June 17. —Hogs—Receipts, 15,000; including 5.000 direct; slow, steady to 10c higher; 180-220 lbs.. $3.85(8.3.95; too. $4; 230-260 lbs.. $3.75®3.90; 270-320 lbs., $3.60(83.75; 140-170 ibs. $3.50(3.85: pigs. $3.25® 3.50: packing sows. $2.90®>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. 53.65®>4: medium weights. 200-250 lbs., good and choice. $3.50@4; heavyweights. 260-350 lbs., good and choice. $3.50®3.85; packing sows. 275-500 lbs., medium and good. $2.90®3.35; slaughter pigs. 100-130 lbs., good and choice. [email protected]. Cattle — Receipts. 1.000: calves. 500: general market closing the week strong at advance: verv little beef in run; few loads medium to good, grade steers. $6.50(8:6.85; latter price top; local interests buying cows and butchers heifers rather freelv paving premium for drylot kinds. Slaughter cattle and vealers —Steers. 600-900 lbs., good and choice. 56.75®7.75: 900-11100 lbs., good and choice. [email protected]: 1100-1300 lbs., good and choice. $6.75@8; 1300-1500 lbs., good and choice. $6.75®8; 600-1300 lbs., common and medium. $4.50(86.75: heifers. 550-850 lbs., good and choice. [email protected]: common and medium. $3.75(85.75: cows, good ana choice. s3®s: common and medium. $2.50 @3; low cutter and cutters. $1.50(82.50; bulls, vearlings. excluded, good and choice, beef. $3(84.50: cutter to medium. $2.50® 3.25: vealers. milk fed, good and choice. [email protected]; medium. [email protected]; cull and common. $3.50(85. Stocker and feeder cattle—Steers. 500-1050 lbs., good and choice. [email protected]; common and medium, $3.75®5. Sheep—Receipts. 11.000; lambs, mostly steady; other classes nominal; good to choice. 60-72 lb. native lambs. $6®6.50 to packers: few closely sorted lots. $6.75 (8:7 to outsiders. Slaughter sheep and lambs—Lambs 90 lbs. down, good and choice. s6®7: medium. $5.25@6: all weights common. $4(85.25; ewes. 90-150 lbs., medium to choice. $1®2.25: all weights, cull and common, 50c®51.75. 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.. $3.60®3.70: 230-270 lbs.. $3.30(8 3.50; 100-140 lbs. s3® 3.45: sows. $2.50(8.2.75. Cattle—Receipts, 1,000: calves. 600: market. 25c lower on vealers at $6; other classes fully steadv and spots strong in clean-up trade: few steers. [email protected] with others. [email protected]; mixed vearlings and heifers. ss®6: cows. $2.50(83.25: low cutters. $1.25®1.75: top sausage bulls. $2.75. Sheep—Receipts. 3,000: market, opened steady to strong: desirable lambs. 56.50fi6.75: buck lambs. $5.50(85.75: throwouts. $3.50: fat ewes. sl® 1.50. By United Press PITTSBURGH. June 17.—Hogs—Receipts. 1.800: market, steadv: 160-210 lbs.. $4.25(8 4.40: 220-250 lbs.. $4®4.20: 250-300 lbs.. $3.75(d4: 110-140 lbs.. $3.65®4: packing sows. [email protected]. Cattle—Receipts. 15: market, nominal: medium to good steers and vearlings auoted. $5.25®6.60: heifers. $4.35(8 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. $2.25®2.75. By 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 Ibs., $4.25; pigs and underweights, 15@25c higher. $3.75(84.10. Cattle—Receipts, 450; grass steers barely steady, fairly fleshy grassers, $5.25: others downward to $4.50; cutter grade cows. $1(8 2. Calves —Receipts, 500: vealers active. 50c higher. $7 down. Sheep—Receipts. 1.500; iambs fairly active. 25(8 50c lower; better grades at minimum decline: bulk good to choice. $7.50; one deck closely sorted ewe and wether iambs, $8: in-between grades, $6.50; throwouts. $5.50® 6. \ By 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.. $3.75'8>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. $5.25(8 6: plain grassers, $4.65 downward: for week, steers steadv to 50c higher: bulls strong; cows unchanged. Calves—Receipts. 300 ; 50c® $1 higher: vealers. $7.50: top. $8: little under $6; for week, fully $1 higher. Sheep—Receipts. 400; steady; choice lambs, 57.75®8: culf to medium. $4®6.50: good yearlings. $5 downward; for week, mostly steady. By United Press LAFAYETTE. Ind., June 17— Hogs— Market, 5® 10c higher; 160-200 lbs.. $3.75; 200-210 lbs., $3.60: 210-225 lbs., $3.55: 225•235 lbs.. $3.50: 235-250 lbs.. $3,455: 250-275 lbs.. $3 50: 275-300 lbs.. $3.35: 300-325 lbs.. 53.30: 140-160 lbs.. $3 50: 120-140 1b5..53.25; 100-120 lbs.. $3.10: rough*. $2.90 down; top calves. $5: top lambs, $6. By United Press TOLEDO. June 17 —Hogs—Receipts, light: market. 10® 15c higher: heavv vorkers. ? ' Mixed 53.75®4: bulk. $3.754; pig' * s2®2. -. Or.tt-e—Receipts. 125: market strong. C Ives and receipts, light: market, strong. Sheep and lambs receipts, light; market, steady.

8-A Graduates of School 57

jail n ‘ JK jf fl® |3| &&*w |BfflSp

ginia Volz. Joan Anderson. Marie Brooking, 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.

CONTRACT pi, EXPERTS ItAY IT -■ - -. -I-?-. MektNMY^

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 team-of-four champions. In the following hand she neatly demonstrates one of the rare plays in bridge—the safety play.

A A-K-10-8-5-3 VQ-4-2 ♦ 9 AA-Q-4 A9-6 ' NORTH a7-2 VJ-10. jr 5 V 9-5 8-6 iu K-Q- ---♦ 8-7-6- £ H 10-5-4 Dealer 3-2 AlO-9-6 SOUTH *K-J-8 AQ-J-4 V A-K-7-3 ♦ A-J A7-5-3-2 ,24

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

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, wh ch 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 lasing four of clubs. East was forced to win ( ±he 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. (Copyright. 1932. NBA Service. Inc.) Next: Mrs. Vivi Hanson, who with her partner holds the women's national contract pair championship, will give her favorite hand. ARBUCKLE WILL WED Fatty, Ex-Screen Comedian, to Take Actress as Bride. By Vnited Pres* ALBANY, N. Y., June 18.—Roscoe (Fatty) Arbuckle, former motion picture comedian, and Miss Addie McPhail, actress, announced today they will be married in Cleveland. The ceremony was to have been performed here, but this was precluded because Miss McPhail's final divorce decree was not filed in California soon enough. They are on a vaudeville tour. City Woman Dies in Sleep Mrs. Elizabeth Wischmeyer, 68, was found dead in bed Friday 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. NEW YORK COFFEE RANGE —Juae 17— High. Low Close. M"rch 6.27 8.26 6.27 Julv 638 6.35 6.35 'ep:—nber ivAfl 6 35 6.35 December 6.33 6.39 6.29

Dow-Jones Summary

Loft Inc. in quarter ended March 31. 1932, reported net, profit of $109,241 after $119,457 set aside for depreciation and amortization. Southern Pacific loadings for week ended June 11, were 18.115 cars, against 25,752 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 loss 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. 1931. Philip Morris A Cos. declared the regularly quarterly dividend of 25 cents. Refined Sugar prices advanced 20 points to 4 cents a pound. New York reserve bank 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 Julv 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 ID 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. ‘ INDIANAPOLIS EIGHTH IN MAY BUILDING ACTIVITY Ten Cities in Nation Show Gain Over 1931, Survey Reveals. Indianapolis ranks in eighth place among ten cities showing 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 doll&rs 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. RAW SUGAR PRICES —June 17— High. Low Close. January 1 00 .93 .94 March 1.04 .99 1.00 Mjv 1.10 105 1.05 July .85 .78 80 September 91 B.V 87 December .99 .93 .93

JUNE 18,1932

WHEAT MAKES NEW LOWS IN LATEDEALINGS Market Picks Up Stop-Loss Orders as Pressure Develops. BY HAROLD E. RAINVTLLE United Press Staff Correspondent CHICAGO, June 17.—A1l deliveries of wheat fell to new lows for the season as the Board of Trade closed today. Pressure developed during 4 the late trading and with scattered liquidation picking up stoploss orders, prices dropped around 3 cents under the early high. The decline was checked by buying against bids but there was little indication of a rally. Corn was unsettled and sold off sharply with wheat. Oats and rye also declined toward the last. Close Is Lower At the close wheat was 1% to 2 cents lower; corn was 1% to l 7 * cents lower; oats % to % cent lower, and rye 1 to 1% cents lower. Provisions were unever but slightly fimer with hogs. Liverpool maintained its firmness and finished % cent to cent higher on the less favorable Canadian reports and drop in sterling. There has been no reaction among the traders to the prohibition plank in the Republican platform. Cash prices were unchanged. Receipts w’ere 11 cars. Corn displayed a steady undertone early, although showing unchanged to % cent lower at midsession. No cash sales were reported early while 7,000 bushels were booked, this acting as a drag on futures. Cash prices were unchanged to *2 cent lower. Receipts were 20 cars. Oats Trade Dull Oats was firm, with corn, but trade was at a very low ebb. Prices were unchanged to % cent higher at mid-morning. A good cash demand, with sales of 24,000 bushels, was a factor, otherwise the market was without feature. Cash prices were unchanged to % cent to •>* cent higher. Receipts were 25 cars. Rye followed wheat and remained almost unmoved from its opening % cent to Vs. cent advance. Chicago Grain Range ’ —June 17WHEAT— Prer. Open. High. Low. Close, close. July (old) .50% .51 .48’s .48% 50% July (new) .50*4 .50% .48 .48% .50% Sept (old i .53% .53*4 .50% .51 .53 Sept (new) .53*/* .53% .50% .50% 52V Dec 56% .56% .53% .54% .56 CORN— July 31% .31% .29% .29% .30% Sept 32% .32% .31V* .31*4 .32% Dec 33% .33% .31*/* .31% .33 OATS— July 20% .20% .20*4 .20% 20% Sept 21V* .21% ,20 V .20% ,20V. Dec 22% .23 .22% .22% .22% RYE— July 31% .31% .30 .30* .31*4 Sept 34% .34% .32% .33 ,34 V* Dec 37% .37% .36 .36% .37% LARD— July 4.00 4.00 3.97 4.00 3.92 Sept 4.05 4.07 4.05 4.07 4.02 Oct 4.10 4.15 4.10 410 4.05 Jan 4.05 4.05 4.00 4.00 3.95 BELLIES— July 4.30 4.25 Sept 4.45 4.37 By Times Special CHICAGO. June 17.—Carlots. Wheat, 19$ corn, 19; oats, 22: rye. 0, and barley 1. By Times Special CHICAGO, June 17.—Primary receipts: Wheat, 458,000. against 686,000; corn, 141, 0000. against 382,000; oats, 94,000, againsl 150,000. Shipments: Wheat. 347.000, against 651,000: corn, 336,000. against 333,000; oats, 151,000, against 453,000. By United Press TOLEDO. June 17.—Cash grain close: Grain in elevators, transit billing: Wheat —No. 2 red. 49®50c. Corn—No. 2 yellow. 32%#33%c. Oats—No. 2 white. 24%c. Rve—No. 2. 37%®38%c. Track prices. 28% cent rate. Wheat—No. 2 red. 44(844’,be: No. 1 red. 1 cent premium: No. 3 red. %@3c discount: No. 4 red. 2%®4c discount. Corn—No. 2 vellow. 28’bOr29c; No. 3 vellow. 27 %® 28c. Oats—No. 2 white. 20%@21 Vbc: No. 3 white. 19%®21c. Clover —Prime. $9. Alsike—Cash. $8.75. Butter —Fancy creamerv. 22c. Eggs—Extras. 12 (812*/bc. Hay—Timothv. per cwt. 80 cents. By United Press CHICAGO. June 17. Cash grain close: Wheat—No. 2 hard. 51 %c: No. 2 vellow hard. 51c: No. 2 northern. 51c; No. 2 mixed. 51 %c; No. 4 mixed. 50Vbc. Corn— No. 2 mixed. 32*4c; No. 1 vellow. 32%e; No. 2 vellow. 32’,4® 32 Vbc: No. 2 white. 32%c. Oats—o. 2 white. 21%(823*be: No. 3 white. 21*i@22*bc: No. 4 white. 20c. Rve —No sales. Bariev—32®44c. Timothy—s2.7s® 3. Clover—s9.2s® 14.25.

Cash Grain

—Jun 17— The bids for car lot* of grain at the call of the Indianapolis Board of Trade, f. o. b.. shipping point, basis 41%c New York rate, were: Wheat—Weak; No. 1 red, 38®;39c; No. 2 red, 37® 38c; No. 2 hard, 37 ® 38c. Corn—Weak; No. 2 white, 22%(@23%c; No. 3 white. 21%®22%c: No. 2 yellow. 21% ® 22%c; No. 3 yellow. 20%@21%c; No. 2 mixed, 20%®>21 *Sc; No. 3 mixed, 19%® 20 %c. Oats—Easv; No. 2 white. 16%&S 17%c; No. 3 white, 15%®16%. Hay— Steady (F. o. b country points taking 23%c or less rates to Cincinnati or Louisville). No. 1 timothy, s7fe7.sfl; No. 2 timothy, $6®6.50. —lnspections Wheat-No. 2 red, 4 cars. Toeal. 4 cars. Corn—No. 2 white, 2 cars; No. 3 white 1 car; No. 1 yellow. 1 car; No. 2 yellow! 8 cars. Total, 12 cars. Oats—No. 2 white, 3 cars; No. 3 white, 7 cars. Total 10 cars.

Local Wagon Wheat

8r ? In elevators are paving 36c for No. 2 red wheat and 36c. for No. 2 hard wheat. Other Livestock By United Prr.t* CINCINNATI. O June 17.—Hogs-Re-ceipts, 4,900. including 530 direct, held ov ' r 110. active, mostly 10 cents higher on 160 y>. up, lighter weights about ■•teady. better yrade 160 to 225 lbs. $4.10, 225 to 300 lbs., $3.80 to $4; 300 to 325 lbs.. $3.70; 130 to 150 lbs.. $3.50; largely, jo** * 2 00, smooth light weights up to $2.75. Cattle—lJeceipts. 650; calves 300 r generally steady, supply of better grade fed yearlings negligible, underlying demand for tnese broad, others receiving only lair action, odd lots common and medium steers and heifers. $4.50125.65, only few better yearlings upward to six, cows slow grassy .jef cows. *2.75® 3.25; good fed kinds quotable up to $4, low cutters and cutters. $1 5032.50: bulls. $3.25 down; vealers unevenly steady to 50c or more lower; lower grades showing the most los* under narrow demand at $4.50 down, few at $5 good to choice $5.50 to 6. Bheep Receipts, 3.000: lambs fairly active about steady, better grades mostly $7.50 3 7.75, common and medium. $5 plainer throwout* downward to $4 50 and below, some mixed lota. [email protected]; fat aged ewes. $132. By United Prett FT. WAYNE. Ind . June 17.—Hogs— Market. 10315 c higher pi~s. $3.40*7 3 65; light lights. $3 6533.85; lights. $3.8534; medium* $3.75&3.85; heavies, [email protected]; roughs. $2.75; stags. $1.75. calvea, s*l# ewj and wether lambs, $638.25; bucks, [email protected]. By Timet .Special LOUISVILLE. June 17.—Cattle—Receipts. 150; market about steady, but lower; grade grassers dull: bulk common and medium grass steers and heifers $4.2535.25: better finished kinds eligible to $6.25 or better: beef cows and bulls mostly $3 down: low cutters and cutters. sl®2: bulk light Stockers. $435. Calves—ReCTipts. 250: steady, good and choice. $435: medium and throwout*. $3.50 down. Hogs -Receipts. 700: 10c higher: 170-220 lb*.. $3.90; 225-255 lbs.. $3.60; 260-295 lbs.. $3.2a: 300 lbs. UD. $2.75; 140-165 lb.. $3.30. 135 lbs. down $2.90: sows. $1.753 2.50; stags, mostly $1.50. Sheep—Receipt*. 3 000: early supply light aualitv about average: market, fullv steady; bulk better lambs. $73 7.25: with choice kinds to $7.50: bucks mostly $606.25: medium and immature labs. 153 6 50: throwouts $4 3 4.50: fat ewes. $lO2. Thursday's shipment —3O cattle: 180 calves; 278 hogs and 2.581 sheep.