Indianapolis Times, Volume 44, Number 47, Indianapolis, Marion County, 5 July 1932 — Page 10

PAGE 10

STEADY SALES FORGE STOCK PRICES LOWER List Holds Firm at Noon After Losing Up to 4 Points. Average Stock Prices Average of thirty industrial* for Friday 44.39, up 1.55. Average of twenty rails 13 84, up .41. Average of twenty utilities 17,91, up .83. Average of forty bonds 69.69, up 07. BY ELMER C. WALZER I nitrd Press f inancial Editor NEW YORK. July s.—Selling vent ahead on the Stock Exchange today until around noon when it lightened and the list held steady at losses ranging to 4 points. Steel common, which led the decline in the early trading, touched 21*41, off 2, before meeting support. Around noon it was at 22. Steel preferred sold off to 53' 8 , off 3*. American Telephone equaled Its record low at 75T 2 , off 3%, and utilities generaly were under severe pressure. Consolidated Gas dropped 2 :, points, to 35%, and others of the group last fractions to more than a point. These shares quieted down before noon. Rail Issues Drop Railroad issues were depressed with the general market, Union Pacific losing 2% points to 29%, and Atchison nearly a point to 19%. Around noon, Eastman Kodak was subjected to liquidation, breaking to anew low for the present shares at 37, off 3% points. Corn Products made anew low at 25%, off 2. Auburn broke to 43%, off 4%, and then rallied partially. General Motors equaled its low at 7%, off •%, and its largest stockholder, Du Pont, declined 1% points to 22%. American Can, Allied Chemical, National Biscuit and Coca Cola lost more than a point each. Oil Group Firm A feature of firmness in the market near noon was the oil group which was favored by further declines in output of crude and steady prices for gasoline. Shell Union Oil was bid up and others of the group maintained a firm tone. Other markets were quiet. Bonds were higher, especially United States and German government loans. The cotton market held steady, as did wheat, although the latter was fractionally under the previous close. Strength in the American dollar in relation to European currencies again was an encouraging factor for the stock market, but it had no immediate effect. An adverse factor was the weekly review of the magazine Steel which placed production for the steel industry at 13 to 14 per cent of capacity, anew depression low.

Bank Clearings

INDIANAPOLIS STATEMENT —July 5 Clearings $2,661,000.00 Debits 6,005,000.00 Foreign Exchange (Bv James T. Hamill & Cos.) —July 5 Open. Sterling. England 3.54'i Franc, France 0392 3 < Lira. Italy ... 0510L 2 Franc. Belgium 1390 Mark. Germany 2364 Guilder. Holland 4037 Peseta Spain 0822 Krone. Norway 1750 Krone. Denmark 1930 Yen. Japan : 2778 New York Bank Stocks (B.v Thomson & McKinnon) —July 1— Bid. Ask. Bankers 41 3 43 3 , Brooklyn Trust 105 120 Central Hanover 86 90 Chase National 19N, 21 •'' Chemical 26 7 28 7 'i City National 251 27‘s Corn Exchange 41 44 Commercial 84 86 Continental 11*4 13* Empire 13>/i 15> 2 Firse National 855 955 Guaranty 172 177 Irving 13 3 14 3 i Manhattan <V Cos 16 5 18 5 a Manufacture 17*4 19** New York Trust 8414 5514 Public 15*4 1714 Net Changes />*;/ United Pres* NEW YORK. .July I.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. Allied Chemical 43’„ l r 2 American Can 33 3 4 l'< American Telephone 78 7 * 2 Atchison 20 1 Auburn 48 2 Bethlehem Steel B'* *4 Case 22 1 < 3 * Chrysler 6’ *a Consolidated Gas .• 38 2' 2 Du Pont 23 •■'4 1' . Electric Power 3■ General Electric 10 General Motors 8 s International Telephone 3U ... Loews Inc 15*2 ’4 Lori Hard II 1 , *, N Y Central ll 7 * North American 17’4 ’■ Pennsylvania 7 3 * ’ Public Service 34 2 Radio 3 3 * ' Sears Roebuck 10 ’ 4 '* Standard Gas 10' 4 l l * Stan Oil Cal 18 s * 3 * Stan Oil N J 24* a 1 Union Carbide 17 5 R Union Pacific 31 7 4 2' U S Steel • 23 3 4 1 3 4 Western Union I4 7 i 2 Westinghouse El 17> 3 4 New York Liberty Bonds —July 1— Liberty S'js '47 101.60 Liberty Ist 4‘ 4 s '47 101.22 Liberty 4th 4'4* '3B 102.24 Treasury 4>4S '52 104.30 Treasury 4s '54 102.10 Treasury 3s '55 92.28 Treasury 3 3 4S '56 100.30 Treasury 3 3 s '43 .March' 98.00 Treasury 3 3 *s ’43 (Junet 98 60 Chicago Stocks Opening (B.v James T. Hamill & Cos.) •—July 5 Asso Tel Util... I>, Middle West .... >4 Borg Warner .. 3 7 Swift &Cos ... . 9 5 Cities Service .. 2 Swift Inti 17' 2 Cont Chi pfd.. 8'

James T. Hamill & Company PrUnfe Wire* to All Fending Market* MUM HICKS Chicago Stork Exchange Chicago Knnrd of Trade Indian!poll* Hoard of Trade Associated New $ ork Curb 203 Continental Bank Bldg. Tel.. Klley MM-Klle* .MSI

New York Stocks ““(Bv Thomson At McKlnnom

—July 5 Railroads— Prey. High. Low. 11:00 close. Atchison 19* 19* 19* 20 Ail Coast Line 10% 10* Balt Ohio 5* 5 5 4* Chesa & 0hi0... 10% 10 10 10* Chesa Corn.. 5% Can Pac 9% 9% 9% 9% Chi N West 2% CRUF 2% Erie 3 Great Northern 6 6% Illinois Central.. 6% 6* 6* 6% Lou & Nash ... 9* 9% 9% ... MK& T 2 Mo Pacific nfd 3% N Y Central... 11% 11* 11% 11* NYNHtH 7 7% Nor Pacific 6% 6* Norfolk & West 62% O & W 4% 4* Pennsylvania .. 7* 7 7% 7* Reading ... 12 12 So Pacific 7% 7* 7* 7% Southern Rv 3% 3% St Paul % * St L * 8 F ... 1% Union Pacific 30* 29% 29% 31% Wabash % W Maryland.... .. ... ... 2% Fqnipmrnt*— Am Car & Fdy.. 4* 4% 4V* 4 Am Locomotive 3* 3% Am Steel Fd ... 3% 3% Am Air Brake Sh 7% 8 Gen Am Tank in 7 * .General Elec 9% 9% 9% 10 I Lima Loco 10% IN Y Airbrake ... 4% I Pullman 13% 13 13 13% Westinch Airbr 9% Westingh Elec.. 17'/* 17 17 17% Rubbers— Firestone 11 Goodrich 2* Goodyear 6% Kelly Sprgfld % % Lee Rubber 2% U S Rubber ... 2 2 Motor*— Auburn 48 43% 44 48 Chrysler 6% 5% 5* 6* General Motors.. 8 7% 7% 8 Hudson 4% 4* Mack 12 Nash 9% 9% 9% 9% Packard 1% 1% Studebaker ... 3% 3% White Motor 7 7% Yellow Truck 1% ... Motor Access— Bendix Aviation 5 5 Borg Warner 3% Briggs 4 El Auto Lite 9% 10% Murray Body 2% Stewart Warner.. .v 2% Timken Roll 8% 9 Mining— Am Metals ... 2% ... Am Smelt 6% 6% 6% 6* Anaconda Cop... 3% 3% 3% 3% Alaska Jun 8% 8% Cal & Hecla 2 Cerro rie Pasco 4% 4% Dome Mines 9* 9% 9% 9 FrcDort Texas 10* 10% Granbv Corp 3 Homestake Min 120 Int Nickel 4% 4* 4% 4% Inspiration ... ... 1* Kennecott Cop.. 5% 5* 5'% 5% Magma C0p.... 5 Nev Cons ... 2% Noranda 12* 12% 12% 11* Texas Gul Sul. .. 12* 12% 12* 13 Oils— - Atl Refining 10* 10* Barnsdall 4* Houston ... ... 2% Sbd Oil 7% 7% Mid Conti 4% 4% 4% 4% Ohio Oil 7 7 Phillips 3% 3% 3% 3* Prarie Pipe ... ... 7 Pure Oil 3* Roval Dutch ... 17* 17* 17* ... Shell Un 3* 33% 3 Cons Oil 5% 5 5% 5 Stand of Cal ... 19* 18* 18* 18% Stand of N J ... 24* 23% 23% 24% Soc Vac 6% Texas Cos 9% 9% Union Oilu 9* 9% Steel*— Am Roll Mills.. .. ... 4 4% Bethlehem 8% 8 8 8* Bvers AM 9% 9% Colo Fuel 2% Cruc Steel 6 T * McKeesport Tin 32 33 Midland ... 2* Newton ! ... 2% U S steel 23 s * 21% 21% 23% Vanadium 7 Tobaccos— Am Tob (Ai New 47% 48% Am Tob B New.. 50% 49 49 50% Con Cigars 5 Lig & Myers B 39 38% 39 40* Lorillard 10% 10% 10% 11% Reynolds Tob 27 27 % United Cig % ... Utilities— Adams Exp 2% Am For Pwr 2* 2 2 2 Am Pwr & Li 4% 4 4 4 A T <fc T 78% 75% 75* 78% Col Gas & E 1.... 6% 6 6 6% Com & Sou .... 2% 2 2 2 Cons Gas 37 35* 35* 38 El Pwr & Lt 32% 2% 3 Gen Gas (Ai % Inti T & T 3* 3% 3Vi 3% Natl Pwr & Li.. 8 7'/* 7'% BVi No Amer Cos 16% 15% 16 17* Pac Gas & El 19% 19% 19* 19* Pub Serv N J.... 33Vi 31 Vi 31* 34 So Cal Edison.. .. ... 19% 19 Std G & El 9* 10* United Corp 4* 4 4 4% Un Gas Imp 12* 11* 12* 12% Ut Pwr & LA 2 2 West Onion ... 14% Shipping— United Fruit 13% 12Vi, Foods— Am Sugar 16* Armour (A) % * Beechnut Pkg 17% ... Cal Pkg 5 Can Dry 9 Childs Cos 2 Coca Cola 82 Vi 81 Vi 81 Vi 83% Corn Prod 26 s * 25% 25% 27% Cudahy Pkg 20* Gen Foods 20% 20* 20* 20* Hershev 44 45 Kroger ... 11 10* Nat Biscuit 22 20* 20% 22 Natl Dairv 15* 14* 14% 15 Purity Bak .. ... 5Vi °iltsburv 12 % Rafevav St 34% 34% 34% 34% Std Brands 10% 10'A 10* 10 Dru-s Cotv Inc 1% 1% Drug Inc 28* 27* 27% 27* Lambert Cos 27* 27 27 27% Lehn & Fink ... ... 9 Industrials— Am Radiator... 3* 3% 3* 3* Bush Term 3% Certainteed ... Gen Asphalt ... ... 6 Otis Elev 10% Indus Chems— Air Red 32* 31% 32 32% Allied Chem 47 45% 46 47* Com Solv 4* 4* 4* 5 Dupont 23% 22* 22% 23% Union Carb 16% 16* 16* 17 U S Ind A1c0... 16% 16 16% 16* Retail Stores— Assoc Dry Gds 3 Gimbel Bros % ... Kresge S S 7* 6* 6* 6% May D Store ... 9% ... Mont Ward .... 4% 4* 4* 4% Penny J C 16% 16V ? Sears Roe 10* 10 10 10* Woolworth 24* 23% 23* 24* Amusements— Eastman Kod.. 39* 39 39 40* Fox Film A 1% ... Loews Inc .. .. 16% 15% 15% 15Vi Param Fam 2 1* 1% 2 Radio Corp 3* 3% 3* 3% R-K-O 1* ... Warner Bros * * Misce'.'a neons— City Ice <& Fu... 15% 14% 14% 15 Congoleum 6* fi* Proc & Gam... 21% 20 * 20 * 21* Allis Chal 5 5 Am Can 33% 32% 32% 33* J I Case 22% 21* 22% 22% Cont Can 20% 19 19 20% Curtiss Wr 1 * 1 % Gillette SR ... 12% 12* 12* 13 Gold Dust 10* 10 10 10% Int Harv 11% 11% u% n% Int Bus M ... ... 64% Un Arcft ...... 7% 7* 7* 7% Trans-America.. 2% 2% 2* 2% Investment Trust Shares (Bv James T. Hamill & Cos.) TRICES ARE TO 12 NOON —July 5 * Bid. Ask. Am Inv Tr shares 1.25 1.50 Basic Industry shares 1.25 Collateral Trustee shares (At 2.12% 2.62% Corporate Trust new 1.10 1.15 Cumulative Trust shares 1.75 2.12% Dherslfled Trustee shares (At %00 Fixed Trust Oil shares 1.25 Trust shares (A) 4.25 Fundamental Trust shar <Ai 1.87% 2.25 Fundamental Trust shar iß> 2.12% 2.50 Leaders of Industry (At ... 1.75 tow Priced shares 1.25 Mass Inv Trust shares 9.50 11.00 Nation Wide Securities ... 1.60 1.80 North American Tr shares.. 1.18 1.23 Selected Cumulative shares.. 3.50 4.00 Selected Income shares .... 1.75 2.25 Shawmut Bank Inv Trust.. .25 1.50 Std Amer Trust shares 1.70 Super Coro of Am Tr shares. 1.50 Trustee Std Oil (A) 2.87% . . Trustee Std Oil B> 2.62% 3.12% U S Elec Lt * Pow (Ai 10.37% 10.50 Universal Trust shares .... 1.37% In the Cotton Markets CHICAGO —July 1— High. Low. Close. January 6.20 6.07 6.07 Mar<± 6.32 6 24 6 30 July 5.80 >5 70 5.70 October 5 97 5.85 5.86 December 6.13 5.97 5.99 NEW ORLEANS January 6.08 5 94 5.95 March 6.21 6 10 6.10 May 6.37 6.22 6.22 July 5.73 5.60 5.60 October 5.88 5 72 5.73 December 6.01 5.86 5,88 NEW YORK January .. 6.09 698 6.99 March 6.28 6.14 6.14 Mav 6.43 6 29 6.29 July 5.75 5.40 5.40 October 5.91 5.76 5.77 December 5.55 5.89 5 91

HOGS CONTINUE UPWARD TREND AT CITY YARDS Beef Steers Gain 15 to 25 Cents in Cattle Market; Sheep Strong. Another 25 cents was added to hog values this morning at the city yards as prices continued to advance in keeping with other markets. No definite reason for the uptrend is offered unless it be a seasonal affair, strengthened by somewhat light receipts recently. The bulk, 120 to 350 pounds, sold for $4 80 to 55.25; early top holding at $5.25. Receipts were estimated at 6,500; holdovers were 99. In the cattle market beef steers were 15 to 25 cents higher than last Friday's average. Steers several times brought from $7.40 to $8.25 with a top price of $8.50. Other classes were little changed. Vealers were steady at $5.50 down. Calf receipts numbered 500. Sheep were 25 to 50 cents higher, selling at $6.50 down. Receipts were 900. Hog trading in Chicago this morning displayed a stronger tone, with early sales and bids around 10 cents higher than Friday’s average. Good and choice porkers weighing 180 to 240 pounds, sold at $5.10 to $5.15; best held upward to $5.25 while heavier weights from 270 to 300 pounds, sold at $4.90 to ss.j Receipts were 35,000, including 18,000 direct; holdover 1,000. Cattle receipts 12,000; calves, 2,000; market steady to 25 cents higher than Saturday. Sheep receipts 7,000; market 25 cents higher than Saturday. HOGS June Bulk. Top. Receipts. 27. $4.4546 4.85 $4.85 5,000 28. 4.50(5! 4.95 5.00 6.000 29. 4.50® 4.90 4.90 6,500 30. 4.75® 5.10 5.10 7,000 July 1. 4.75® 5.10 5.10 7,000 2. 4.55® 5.00 5.00 2.000 5. 4.80(g; 5.25 5.25 6,500 Receipts, 6,500; market, higher. (140-160) Good and choice $ 4.90® 5.00 —Light Lights— • (160-180) Good and choice... 5.25 —Light Weights—-(lßo-200) Good and choice.... 5.25 (200-220) Good and choice 5.15® 5.20 • —Medium Weights—-(22o-250) Good and choice.... 5.00® 5.15 (250-290; Medium and g00d... 4.90® 4.95 —Heavy Weights—-(29o-350) Good and choice.... 4.80@ 4.90 —Packing Sows—-(3no-500) Medium and g00d... 3.50® 4.50 (100-1301 Slaughter pigs 4.65® 4.80 CATTLE Receipts, 1,300; market, higher. Good and choice $ 7.00® 8.50 Common and medium 4.50® 7.00 (1.000-1,8001 Good and choice 7.00® 8.50 Common and medium 5.50# 7.00 —Heifers— Good and choice 5.75® 7 00 Common and medium 3.50® 5.75 —Cows— Good and choice 3.25® 4 50 Medium ,2.50® 3.25 Cull and common 1.25® 2.50 —Bulls (yearlings excluded)— 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 $ 5.00® 5.50 Medium 3 50® 5.00 Cull and common 2.00® 3.50 —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 3.00® 4.50 (600-1,5001 Good and choice A 4.50® 6.00 Common and medium 3.00® 4.50 SHEEP AND LAMBS Receipts, 900; market, steady. Good and choice $ 5.50® 6.75 Common and medium 3.00® 5.50 Ewes, medium and choice 1 00® 2.00 Cull and common 50® 1.00

Other Livestock By United Press CHICAGO. July s.—Hogs—Receipts. 35,000: including 16.000 direct: strong to 10c higher: 180-240 lbs.. $5,100/5.20: top, $5.20; 250-350 lbs.. $4,750? 5.10: 140-170 lbs.. $4.85(0/ 5.15: pigs. $4,350/4.85: packing sows. $3.70(0 4.50: light lights. 140-160 lbs., good and choice. $4.80(0.5.15: light weight. 160-200 lbs., good and choice. [email protected]: medium weights. 200-250 lbs., good and choice. SS(O 5.20: heavy weights. 250-350 lbs., good and choice. $4.75(&)5.10; packing sows. 275-500 lbs.. medium and good. $3.70(0:4.50: slaughter Digs. 100-130 lbs., good and choice. [email protected]. Cattle—Receipts. 12,000: calves, receipts. 2,000: fed steers and yearlings, steady to strong; market, fairly active especially on strictly grain fed choice grade offerings: 996-lb. yearlings. $8.75 anew high; several loads medium weight steers. 58.50: comparatively few killers under $6: other clases fully steady. Slaughter cattle and vealers —Steers. 600POO lbs., good and choice. [email protected]: 900-1100 lbs., good and choice. [email protected]; 1100-1300 lbs., good and choice. $7®’8.75: 1300-1500 lbs., good and choice. [email protected]: 600-1300 lbs., common and medium. [email protected]: heifers. 550-850 lbs., good and choice. $6.25 ®7.50: common and medium. $3(06.25: cows good and choice. s3®s: common and medium. $2.50(03; low cutter and cutter. $1.50 @2.50; bulls yearlings excluded, good and choice beef [email protected]: cutter to medium. 52.60(r?3.25: vealers. milk fed. good and choice. $4.75(06; medium. S4O/4.75: cull and common. s3®4. Stocker and feeder cattle —Steers. 500-1.050 lbs., good and choice, SS(O 6.25: comomn and medium. $3.25@5. Sheen—Receipts. 7.000: all classes scarce, mostly steady to strong, soots. 15@25c higher: good to choice native lambs. $5.75(0' 6.25 to packers: outsiders. $6.50: few hand nicked lots. $6.75. Slaughter sheep and lambs—Lambs. 90 lbs. down, good and choice. $5.75@'6.75: medium. $4.75(0 5.75: all weights common. S4(O 4.75: ewes. 90-150 lbs. medium to choice. $102.25; all weights cull and common. 50c.® $1.75. r>y United Press LAFAYETTE. Tnd.. July s.—Hogs—Market. 15® 30c higher: 160-180 lbs.. #5.15: 180-200 lbs.. $5.05: 200-210 lbs.. $5: 210-225 lbs.. $4.95; 235-250 lbs.. $4.90: 250-275 lbs.. $4.85; 275-300 lbs., $4.80: 300-325 lbs., $4.75; 150-160 lbs., $4.65; 130-150 lbs.. $4.40: 100-130 lbs.. $4.15; roughs. $3.85 down; calves, $5; lambs. $5.50 dow'n. By United Press FT. WAYNE. Ind.. July s.—Hogs—Market, 15c higher: pigs, 54.50®4.85; light lights. $4.85® 5: lights. ss® 5.15: mediums, $4.85®5; heavies. $4.65®4.85: roughs. $3.75; stags. $2.50; calves. $5.50; ewe and wethers, [email protected]; • bucks, s4® 4.50. By United Press PITTSBURGH, July s.—Hogs—Receipts. 2.300: market, steady to 5c higher; 150-220 lbs.. $5.35(0 5.55. 220-260 lbs.. $5.1005.30; 100-140 lbs.. $4.75® 5.25; packing sows, s3® 3.50. Cattle—Receipts. 700; better grade steers and yearlings steady to 25c higher; good steers and yearlings. [email protected]; medium grade. $5.75®.6.50; common graers. $4 ®5.50; medium to good heifers. $4.75® 6: grass cows, $2.50®3.50; common and medium bulls. $2.75®' 3.50. Calves—Receipts, 700; market steady: good and choice vealers $5.50®6.50. Sheep—Receipts. 1.800: market, steady: good to choice. 60-76-lb. lambs. $6.25® 7: common and medium. [email protected]; better grade wethers, $202.50. By United Press EAST ST. LOUIS. July s.—Hogs Receipts, 9.000; market. 15@25c higher; top. $5.15: bulk. 150-240 lbs.. 54.85®5.10: 250290 lbs.. $4.65®4.90: 100-140 lbs.. $4.50® 4.90: sows, $3.65® 3.85. Cattle—Receipts. 4.000; calves, receipts 2.000: market, generally steady with vealers 50c higher at $5.75: top. $11.15; steers in choice flesh. $8.60; other steers downward from $8; several cars. Texas and Oklahoma grass steers. $4.65 0 5.50: mixed vearlings and heiefrs. *s® 6.50: cows. $2.25® 3.25; top sausage bulls. $3. Sheep—Receipts. 6.000; market, lambs active: steady to strong: bulk. $5.75; colselv sorted kinds to small killers. $6®6.25; buck lambs. $1 lessthrowouts, *3: fat ewes. [email protected]. By Times Bperiat LOUISVILLE. July s—Cattle—Receipts. 300: bulls. 25c lower: other killing classes strong with last weeks close or about steady with week ago: few good drvfed steers and heifers. $6.500 7.50: common and medium grade grassers. $4.25® 5.50best beef cows. $3 down: low cutters and cutters. $lO 2; bulls. *2.75 down; bulk light stockers. *4® 5. Calves—Receipts, 30. market, steady: good and choice $4 0 4.50; medium and throwouts. $3.50 down. Hogs—Receipts. 1.000: 10c higher than Friday and Saturday: 170-220 lbs $5.15: 225-255 lbs.. $4.95: 260-295 lbs.. $4.60 300 lbs. up, $4.10; 140-165 lbs . $4.55: 135 lbs. down. $4.15: sows. *3® 3.75: stags $2.75. Sheep—Receipts. 2.000: market, not fully established: supply light: general ouality desirable: asking fullv 50c higher than last Friday on better grades or from $6.50® 6.75 for the bulk with choice kinds held at $7 0 7.25: nothing done on others with medium and lower grade lambs co:isdiered salable at *5.50 down: fat ewes. SIW2, and breeding ewes mostly *5.50 down. Saturday s shipments: 312 calves and 1,060 sheep.

THE INDIANAPOLIS TIMES

Dow-Jones ✓ Summary

Dailv avetage production of crude oil in United States In week ended July 2 totaled 2,098.514 barrels a decrease of 51.367 barrels from preceding week, according to Oil and Gas Journal. Loblaw Groceries Cos.. Ltd., report* for year ended May 31. 1932. rMea of *ls- - 20.933 against in preceding fiscal year and profit before federal taxes of *1,180.810 against *1.206,634. Stocks of crude rubber In London on Julv 2. totaled 50.656 tons, a decrease of 1.129 from preceding week; Liverpool stocks totaled 58.569 tons, an increase of 12$ tons. Jewel Tea sales for four weeks ended June 18. amounted to *861.413 against $1,031,723 in like 1931 period; twenty-four weeks ended June 18. sales amounted to $5,292,910 against $6,480,660. California crude . oil output in week ended Julv 2. averaeed 449.500 barrels daily, a decrease of 9.930 from previous week, according to California Oil World. S. H. Kress * Cos. declared the regular auarterlv dividend of 25 cents on common stock, payable Aue. 1. of record July 20. New York state transfer tax in June amounted to $1,631,695 against $1,440,549 in May and $1,669,147 in June. 1931. During June. Chicago. Milwaukee. St. Paul and Pacific handled 87.324 revenue freight cars, against 88.188 in preceding month and 134.510 in June. 1931. Chicago. Indianapolis and Louisville in Mav reDorted net operating deficit amounting to $87,931 against net operating income of $53,951 in Mav. 1931; five months net operating deficit totaled $246,852 against net operating income of 5152.356. Federal Light and Traction in twelve months ended May 31. 1932, earned 52.38 a common share, against 52.77 a share in previous twelve months. United Light and Power Company in twelve months ended Mav 31. earned 97 cents on 3.473.923 average number of combined class A and B common shares, outstanding. against $1.63 on 3.469.559 averaged combined shares during twelve months ended Mav 31. 1931. Cables and Wireles Ltd., declared a dividend of 2% per cent less tax for the year 1931 on 5% per cent accumulative preferrence stock.

Bright Spots of Business

By United Preaa NEW YORK. July s.—Wholesale commodity prices turned upwards for the first time in ten W'eeks during the past week, it was reported. DETROIT—RetaiI deliveries of Plymouth. De Soto. Dodge and Chrysler dealers in the United States have increased steadily every week since April, it was reported. WASHINGTON—An increase of 2.6 per cent in production of soft coal in the United States during the week ended June 25 was reported bv the Bureau of Mines. TOLEDO —June sales of Willys-Overland and Willvs-Knight cars were 56.2 per cent over May. according to L. A. Miller, president of the Willvs-Overland Company. Produce Markets Delivered In Indianapolis prices: Hens, heavy breeds, 11c; Leghorn hens. 9c: broilers, colored springers. 2>/ 2 lbs. and up, 14c: 2 to 2>/a lbs.. 13c: bareback and partly feathered. 10c: Leghorn and black. 1% lbs. and up. 10c; cocks and stags. sc: Leghorn cocks. 4c. Ducks, 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. 11c: No. 2. 8c: No. 3. 6c. Butter—l 9to 20c; undergrades 18 to 19c: butterfat. 14c. These prices for healthy stock, free from feed. No sick poultry accepted. Quoted bv the Wadlev Company. By United Press NEW YORK, July s.—Potatoes—Market, dull; southern, [email protected] barrel; Maine, [email protected] barrel. Sweet potatoes—Market, dull; Jersey baskets, [email protected]. Flour— Market, dull; spring patents, [email protected] barrel. Pork—Market, dull; mess $18.25. Lard —Market, firm; middle west spot, s4.Bs<® 4.95. Tallow—Market, firm; special to extra. 2'/B@2%c. Dressed poutlry—Market, quiet; turkeys, 10®29c; chicken's, 15@26c; broilers, 15@26c: fowls, 10@18c: Long Island ducks, ll@l4c. Live poultry—Market, dull; geese, 7@l2c; ducks, B@lsc; fowls, 12®:18c; turkeys, 10020 c; roosters, 13@13c; chicken pullets, 2@25c; broilers, 11®j22c. Cheese—Market, steady; state whole milk, fancy to specials, 10@20c; young Americas, IV/a<ffll 3 Ac. By United Press CLEVELAND, July s.—Butter—Market, weak: extras. 20c: standards, 20c. Eggs— Market steady; firsts, 12*20; current receipts, 12c. Poultry—Market, steady; fowls. 13@14c: medium, 14®15c; Leghorn fowls, 11 @ 13c; heavy broilers, 18®20c; Leghorn broilers, 12®15c; ducks. 10®12c; old cocks, 8@10c: geese, 7®Bc. Potatoes— Main Green Mountains, mostly 51.15 per 100-lb. sack; Idaho russet, medium to large, mostly $1.50 per 100-lb. sack. By United Press CHICAGO. July s.—Eggs—Market, steady: receipts, 17,155 cases; extra firsts, 12'/ 2 @ 13c: firsts, 12@12'2c; current receipts, ll'ic; seconds, lOtic. Butter—Maket, unsettled; receipts, 15,987 tubs; extras. 16c; extra firsts. 15@15V 2 c: firsts, 13%®T4'/ 2 c; seconds, 12@13c: standards, 16’ic. Poultry —Market, firm; receipts, 1 car; fowls, 11c; springers. 17c; Leghorns, B'2C; ducks. 7@ 10’ 2 c: geese, 8®llc; turkeys, ip@l2c; roosters. 9c: broilers, 15® 19c: young Americas. 10Vi(S!l0 3 4c. Potatoes—On track, 356; arrivals, 265; shipments, 984; market dull, steady; southern triumphs. $1.50® 1.60; southern, Kansas and Missouri cobblers, $1.25® 1.30. Marriage Licenses Wallace L. Gleason, 26. of Indianapolis, telephone repairman, and Julia Elnora Goe, 23, of 1034 North Mount street. Richard W. Ross, 23. of 4350 North Pennsylvania street, mechanic, and Evelyn Alice Starr, 22. of 3720 North Sslem street. Wilbert E. Meyer. 28. of 837 North Griffin street, Danville. 111., shoemaker, and Edna June Roderick. 25, of 4112 South Otterbein avenue, nurse. Raymond L. Culli, 31. of 1520 North Church street, Belleville. 111., transfer operator, and Norma Gibson, 18, of Lincoln hotel. Alfred E. Pedersen, 21. of 811 Lincoln street, clerk, and Mary Lou Bottin, 20. of 432 South Oakland avenue, houseworker. Charles Cummins, 56, of 2163 South Delaware street, and Christina Bauer, 52, of 1628 South East street. William Keith Slager, 24, of 617 *2 North Illinois street, inspector, and Velma Greene. 22, Jasonville, nurse. Harry Raymond Orchard. 33, of 2940 Harrison avenue, Cincinnati. 0.. cattle buyer, and Edna Rockey, 34, Kansas City, nurse. Edward W. Hitt. 43, of 1035 West Thirtieth street, furniture dealer, and Margaret E. Jenkins. 28, of 917 Congress avenue. Elmer Foster Kizzie. 21, of 1710 Linden street, laborer, and Lucy Mae Odle, 18, of 1710 Linden street, housekeeper. Clemence C. Klingenberger, 36, Eastgate hotel, bus driver, and Rose Ann Morris, 33, of 138 South Third avenue. Beech Grove. Burton S. Thompson, 57, of 1714 Hall place, carpenter, and Mary Ida Bryson, aO, of 114 West Eighteenth street, houseworker. Carl M. Schendel, 23, of 872 South Dennison street, dairy salesman, and Nellie Imogene Mullis, 20, of 5005 West Washington street, clerk. Harry C. Trabue. 40, of 1109 North Capitol avenue, furnace installer, and Ruth M. Jordan, 25. of 45162 Winthron avenue. Emmett Grammer, 19. of 555 South Arlington avenue, auto painter, and Martha Kime. 17. of 6013 Beechwood avenue. Orville Kendall. 21. Lafayette Heights, repairman, and Mildred E. McCoy. 21, Lafavette Heights. Jacob G. Wilcox. 25. of 2504 North Talbot street, insurance salesman and Agnes L. Kalleen. 20. of 3841 Washington boulevard. Roose Ernest Arvin. 23. Logansport salesman, and Pauline Siener. 23, of 809 Woodlawn avenue, stenographer. Carl Oscar Brehob. 22. Route 5. Box 616. salesman, and Clara Margaret Koerner. 23. of 230 South Meridian street, beautv parlor operator. Bvrell K. Davis. 32. of 5007 Winthrop avenue, rubber worker, and Edith Effie Dietz. 24. of 3940 Winthrop avenue. Oatis Turlev. 22. of Route 1, Box 291. hosiery mill worker, and Francis Savior. 19. of 5141 East Michigan, hosiery mill worker. Harold K. Wilkerson. 24. of 921 East Sixtv-first street, station installer, and Helen M. Bryant, 26, of 217 East Twentyfirst street, clerk. William L. Fernandez, 32. of 1508 Pleasant street, nhoto engraver, and Jeanette O. Sedajr.. 19. of 1508 Pleasant street. Clarence Jacob Ham. 39. of 54 North Irvington avenue machinist, and Frieda L. Haiflich. 28. of 5336 College avenue, stenoaranher. George Elmore Doolev. 21. of 1337 Hiatt stret. DPint”r. and Ada Louise Milev. 21. of 1856 West Morris street. Plumbing Permits J. C. Smith, 310 South Christian, one fixture. RAW SUGAR PRICES —July 1 . High. Low. Close. January 98 .95 .96 March 1.02 .98 1.00 May 1.06 1.02 1.05 Julv 82 .82 .82 September 90 .89 90 December 87 .94 1196

LIQUIDATION IN GRAINS AGAIN DROPSVALUES Many Factors Combine Destroy Confidence; Support Weak. BY HAROLD E. RAINVILLE United Press Stall Correspondent CHICAGO, July s.—Liquidating pressure again dropped grain prices as the Board of Trade opened today, July wheat and corn and December rye falling to new low levels for the season and other deliveries of all grains coming within fractions of new lows. Free offers of new Russian wheat at Liverpool weakened that market and the lower stock opening combined to destroy confidence and discourage support. All grains were lower with the absence of support a factor. At the opening wheat was % to* cent lower, corn was % to % cent lower, oats unchanged to % cent lower and rye was % to % cent lower. Provisions were weak. Foreign markets offered no indication of a trend over the holiday. Liverpool, at mid-afternoon was % to 1% cent under Friday due largely to a break in Sterling today. Most points received moderate to heavy rains since last Friday which further delayed harvest Ihd possibly damaged quality in the southwest. Some sections received excessive rains in the corn belt although the crop as a whole benefitted. Prices are regarded as being too low in relation to the feed value and hog prices. Oats lack interest. The market follows corn mostly with activity in the cash market exerting some influence from time to time.

Chicago Grain Range —July 5 WHEAT— Prev High. Low. 11:00 close. September .. .50% .49% .49* .50* December ... .53* .53* .53* .53* CORN— September .. .30% .30* .30* .31 December ... .32 .31% .31* .32% OATS— September .. .19* .19* .19* .19% December .. .21% .21* .21* .22 RYE— September ... ... .31* December 34* .34% LARD— September ... 4.65 4.65 October 4.62 4.57 January ... 4.40 4.40 By Times Special CHICAGO, July s.—Carlots: Wheat. 8; corn, 27; oats, 32: rye, 0, and barley, 1. Bp Times Special CHICAGO, July I.—Primary receipts: Wheat, 862.000, aganist 3,033,000; corn, 240,000, against 484,000: oats, 168.000, against 129,000. Shipments: Wheat, 803,COO. against 1,530,000; corn, 383,000. against 345,000; oats, 105,000, against 441,0. By United Press CHICAGO. July I.—Cash grain close: Wheat—No. 5 red. 46c; hard. 48%® 49c. Corn—No. 1 mixed. 30c: No. 2 mixed. 30c; No. 1 yellow. 30c: No. 2 yellow. 30c; No. 3 yellow. 29%c; No. 6 yellow. 29c; No. 2 white. 30c: No. 3 white. 30c. Oats—No. 2 white. 19*@21c: No. 3 white. 18®20c. o 4 white. 16%@17%c: sample grade. 16c. Rve—No sales. Bariev —28@40c. Timothy —52.35®2.50. Clover—s9®l4. By United Press TOLEDO. Julv I.—Cash grain close - Grain in elevators, transit billing: Wheat —No. 2 red. 48%@49%c. Corn—No. 2 yellow. 32@33c. OatsL-No. 2 white. 23%® 24%c. Rve—No. 2. 35%®36%c. Track prices. 28%c rate. Wheat—No. 2 red. 43® 43%c: No. 1 red. 1 cent premium: No. 3 red. % to 3 cents discount; No. 4 red. 2% to 4 cents discount. Corn—No. 2 yellow, 28@28%c: No. 3 vellow. 27®27%c. Oats—No. 2 white. 20V2®21%c; No. 3 white. 19%©20%c. Butter —21c. Eggs—l3c. Hay —BO cents per cwt. Cash Grain —July 1— 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. 37%@38*c; No. 2 red. 36%©32%c: No. 2 hard, 36'%® 32 1 2C. Corn—Steady: No. 2 white. 22'2®23'/2c; No. 3 while. 21%®22%c: No. 2 vellow. 21® 22c: No. 3 vellow 20@21c: No. 2 mixed. 20®21c: No. 3 mixed. 19@20c. Oats—Steady; No. 2 white. 16®17c: No. 3 white. 15®16c. Hay—Steady: (F. o. b. country points taking 23%c or less rates to Cincinnati or Louisville.l No. 1 timothy. $7®7.50; No. 2 timothy. $6®6.50. —lnspections Wheat—No. 1 red. 3 cars: No. 2 red. 3 cars: No. 3 red. 1 car. Total. 7 cars. Corn—No. 1 white. 1 car: No. 2 white, 1 car: No. 3 white. 2 cars; No. 2 yellow. 7 cars: No. 2 mixed. 2 cars: No. 3 mixed, 2 cars: No. 5 mixed. 1 car. Totals. 16 cars. Oats—No. 2 white. 8 cars: No. 3 white. 9 cars: No. 4 white. 1 car: No. -2 mixed, 1 car; No. 3 mixed. 2 cars. Total, 21 cars.

The City in Brief

WEDNESDAY EVENTS Kiwanis Club, luncheon. Claypool. Lions Club, luncheon, Washington. Mutual Insurance Association, luncheon, Columbia Club. * American Legion. Twelfth district, luncheon, Board of Trade. Purdue Alumni Association, luncheon, Severin. Prohibition party, national convention, ail day. Cadie tabernacle. Apartment Owners’ Association, luncheon. Washington. Butler University College of Religion, institute. Courthouse square at Greenfield will be the scene of a Liberty party mass meeting tonight, when C. S. Wikoff, candidate for United States senator, and Ward B. Hiner, candidate for Governor, will speak, x Other Livestock By United Press CLEVELAND. July s.—Hogs—Receipts, 2,000; holdover none: steady to 10c higher; 150-230 lbs.. $5.35: 240-300 lbs., $4,850:4.95; heavier weights downward to $4.25; pigs. $5. Cattle—Receipts. 800: grain fed steers active: strong at last week's advance; spots 25c up: most others steady; grasser, [email protected]: dry feds upward to $7®7.50; cows, $1.50®4: sausage bulls. [email protected]. Calves—Receipts. 1.000: market 50c lower; good to choice. [email protected]; few of lightweights under $5: heavy vealers and calves, 54.50®6.50. according to kind. Sheep Receipts. 1.500: steady; lambs, $7 downward; throwouts, s4@s: grass vearlings. $4 downward. By United Press CINCINNATI. 0.. July s.—Hogs—Receipts 5.800. including 930 direct; held over 440; market, active. 5c to mostly 10c higher; better grade 160 to around 225 lbs., $5.35; 230 to around 300 lbs., [email protected]: 120-150 lbs., 54.75®4.85; sows about steady; bulk $3.50®3.75. Cattle—Reecipts, 1,700: calves 500; fairly active, steady to strong; spots 25c higher on steers and heifers in an uneven trade. Several loads better grade fed steers. s7® 7.75: two loads good heifers, $7; common and medium. $4.50 0 6.25; bulk grassy beef cows, $2.7503.25: sows, $3.50; good fed kinds quotable up to $4: bulk low cutters and cutter $1.25@2 25: bulls $3.25 down: vealers strong to 50c higher; good and choice. ss® 6; lower grades *5 down. Sheep—Receipts. 4.000: quality and wet fleeces considered, lambs strong to fully 25c higher; better grades. $6.7507 25common and medium. $404.55; mixed lots W 0 6.50; sheep steady, fat aged ewes $1 ®1.50. By United Press Toledo. July s.—Hogs— Receipts. 300; market, 10® 15c higher: heavy yorkers. $5.150 5 25; nixed. $4.85® 5.15; bulk. SSO 5.25: pigs. $4.2504.50; lights. $4.2504.50; roughs. s3® 3.25. Cattle—Receipts, 75: market, mixed; good to prime steers. $6.25 ®7: fair to choice cows, s3® 3.50: fair to good bulls. s3® 4.50: fair to choice heifers, $506.50: good to choice stockers. $4®4.50. Caives—Receipts, light: market, strong: choice to extra, $707.50; fair to good. s6® 6.50. Sheep and lambs receipts. Igiht: market, steady;; yearlings, S3O 3 50: spring lambs, s4® 6.50. Local Wagon Wheat Citv grain elevators are Daring 35c for No. 2 red wheat and 35c for No. 2 hard wheat.

BANK STATEMENTS

Marion County State Bank Charter No. 392. Report of the condition of the Marion County State Bank at Indianapolis, Ind., in the state of Indiana, at the close of its business on June 30th. 1932: CHESTER L. ROBINSON, Presdent. CLYDE E. ROBINSON, VicePresident. ROY C. SHANEBERGER, VicePresident. E. W. HUGHES, Cashier. W. A. BARNEY. Asst. Cashier. Loans and discounts $269,486.27 U. S. government securities 128.107.00 Other bonds, securities, etc. 152.540.18 Furniture and fixtures.... 7,500.00 Other real estate owned.. 18,610.15 Due from trust companies, banks and bankers and cash on hand 112,065.58 Cash items 1,469.66 Trust securities 1,150.00 Mortgage notes securing mortgage certificates 55,722.88 Other assets not included in the above 9,776.71 Totals $759,428.43 LIABILITIES Capital stock —paid in $ 50,000.00 Surplus . 25,000.00 Undivided profits—net 6,403.22 Demand deposits ...$399,590,64 Demand certificates. 100,535.34 Savings deposits 67,165.80 Trust deposits .... 2,495.00 Special deposits 45,000.00 Certified checks 3,237.20 Due to banks and trust companies.. 2,677.89 Cashier’s—checks 2.949.51 623,651.38 First mortgage certificates outstanding 50,000.00 Trust investments 1,150.00 Other liabilities 1,477.20 Reserved for interest 1,746.63 Totals $759,428.43 State of Indiana, County of Marion, ss: / I, E. W. Hughes, cashier of the Marion County State Bank of Indianapolis, Ind., do solemnly swear that the above statement is true. E. W. HUGHES. Subscribed and sworn to before me this Ist day of July, 1932. (SEAL) BLANCH MYERS, Notary Public. My commission expires August 29, 1935. Northwestern State Bank Charter No. 414 Report of the condition of Northwestern State Bank at Indianapolis, in the State of Indiana, at the close of its business on June 30, 1932: JAMES L. GAVIN, President. LEWIS N. POYSER, Vice-Presi-dent. J. LEWIS BRAY, Cashier. GEORGE H. WAGNER, Assistant Cashier.

RESOURCES Loans and discounts $210,490.79 United States government securities 31,250.00 Other bonds, securities, etc 10.00 Banking house 38,000.00 Other real estate owned.. 15,449.88 Cash on hand 27.940.78 Mortgage certificates .... 36,230.00 Total $359,371.45 LIABILITIES Capital stock—paid in...s 25,000.00 Surplus 50,000.00 Undivided profits—net ... 7,218.09 Demand deposits $105,093.48 Demand certificates... 9,961.89 Savings deposits 105,987.48 Certified checks.... 456.00 Cashier’s checks 599.24 222.098.09 Bills payable 20,000.00 Cash over 16.60 Outstanding 35,000.00 Other liabilities 38,67 Total $359,371.45 State of Indiana, County of Marion, ss: I, J. Lewis Bray, cashier of the Northwestern State Bank of Indianapolis, Indiana, do solemnly swear that the above statement is true. J. LEWIS BRAY. Subscribed and sworn to before me this Ist day of July, 1932. LEORA ROTHENBERGER, [SEAL] Notary Public. My commission expires Dec. 20, 1933.

New York Curb Market (By Thomson & McKinnon) —July 5 11:001 11:00. Am Cyanamid.. I 7 * Ford of Eng ... 3' 2 Am Gas & Elec lO’iiFord of France.. 3 7 * Am Sup Pwr... l'- 2 Nia Hud Pwr,. B** Ass Gas & Elec 114 Niles 4 Braz Pwr & Lt 8?* Penroad 1 Can Marc 3 ,i St Regis Paper., l'i Cities Service .. 2 Std of 1nd.... 18' Cord 2U Jn Lt & Pwr .. 2 Elec Bond &Sh 5 5 Ut & Indus 3 , Ford of Can... 6VUn Fndrs % NEW YORK COFFEE RANGE —July 1— High. Low. Close. March 6.03 6.02 6.03 September 6.08 6.06 6 08 December 6.03 6.01 6.03 December 95 .92 .94 - In the Air Weather conditions at 9 a. m.: Southeast wind, 9 miles an hour; tempeature, 66; barometric pressure, 29.90 at sea level; ceiling, overcast, low, broken clouds, estimated 1,000 feet; visibility, 7 miles; field, good. Fly From Winnipeg Harold C. Brooks, Hoosier airport secretary-treasurer, and Ahlan Lindstrom returned by plane Monday from Winnipeg, Canada, after | a two weeks’ fishing trip. sews up boy’s Teart | Surgeon Saves Life of Lad, 8, Stabbed at Play. ; By United Press * MONTREAL, July s.—Robert Shepherd, 8, was alive and on the way to recovery today with his heart, punctured by a penknife, stitched together in a delicate operation by Dr. J. H. Condon. The boy fell on the knife while | playing. The knife pieced the wall ;of his chest, and penetrated the | right ventricle. Robert was rushed to a hospital where the wound was closed and the ! operation was followed by a blood 1 transfusion. A

Fidelity Trust Company Charter No. 108. Report of the condition of Fidelity Trust Company, at Indianapolis, in the state of Indiana, at the close of its business on June 30, 1932: JAMES M'NULTY. Pesident. JAMES G. FLAHERTY,' VicePresident and Treasurer. TIMOTHY P. SEXTON, VicePresident. ALBERT E. LAMB, Secretary. THOMAS X. LANAHAN, Assistant Secretary. RESOURCES Loans and discounts $ 580.450.06 Overdrafts 257.27 Advances to estates and trusts 28,369.54 United States government securities 79,261.76 Other bonds, securities, etc 763.683.23 Furniture and fixtu r es.. 100.00 Other real estate owned. 17.035.74 Due from departments.. 4,757.67 Due from trust companies, banks and bankers and cash on hand 200,711.65 Trust securities 58,813.91 Total $1,733,440.83 LIABILITIES Captal stock—paid in..s 100,000.00 Surplus .. f 50,000.00 Undivided profits—net.>. 100,000.00 Reserve for interest and taxes 38,927.59 Demand deposits.. $961,534.77 Time certificates 61,903.75 Savings deposits.. 353,424.03 Trust deposits.. 5,160.90 Special deposits.. 1.24 Certified checks.... 1,176.98 Cashier'streasurer’s checks.... 1.110.57—51,384,312.24 Trust investments 58,813.91 Due to departments 1,387.09 Total $1,733,440.83 State of Indiana, County of Marion, ss: I, Albert E. Lamb, secretary of the Fidelity Trust Company of Indianapolis, do solemnly swear that the above statement is true. ALBERT E. LAMB. Subscribed and sworn to before me this Ist day of July, 1932. JOHN J. MSHANE, TSEALI Notary Public. My commission expires November 20, 1932.

Aetna Trust and Savings Cos.

Charter No. 132. Report of the condition of Aetna Trust and Savings Company at Indianapolis, in the state of Indiana, at the close of its business on June 30, 1932. ROSS H. WALLACE, President. LEO M. RAPPAPORT, Vice-Pres-ident. LOUIS S. HENSLEY, Vice-Presi-dent, J. S. GRIGGS, Secretary. O. R. OLSEN, Treasurer. RESOURCES. Loans and discounts $ 856,541.15 Advances to trusts. 21,743.57 United States government securities 165,364.45 Other bonds, securities, etc 305,672.95 Building leasehold 50,000.00 Furniture and fixtures.. 14,061.23 Other real estate owned None Due from departments.. 8,821.38 Cash on hand and due from banks 231,071.89 Trust securities 672,897.48 Total $2,326,174.10 LIABILITIES. Capital stock—paid in..s 250,000.00 Surplus and undivided profits 56,445.02 Demand deposits 873,166.39 Demand certificates ... 39,044.82 Time deposits 250,334.69 Trust deposits 132.244.82 Certified checks ■. 2,105.38 ; Due to banks and trust companies 44.553.41 Secretary checks 5,173.89 Bills payable None Dividend checks 208.20 Trust Investments 672,897.48 Total $2,326,174.10 State of Indiana, County of Marion, ss: I. J. S. Griggs, secretary of the Aetna Trust and Savings Company, | of Indianapolis, Ind., do solemnly | swear that the above statement is tfue. J. S. GRIGGS. Subscribed and sworn to before me this Ist day of July, 1932. CHARLES B. WILBERDING, [SEAL! Notary Public. My commission expires March 10 1934. HUDSON BAY ROUTE WORK IS DELAYED Washing Out of Several Bridges Hampers Churchill Job. By United Press CHURCHILL, Manitoba, July 5. —Another hazard to the success of the Hudson bay route has been disclosed with the washing out of several bridges. More than a hundred workmen going north to start work on the projects under way there were forced to go in by gas car and portage around the bridges. Work on the SIOO,OOO freight shed here is expected to get under way late this month, when the frost starts to come out. The shed will not be ready this season to handle any imports or exports. “The vision of Churchill as a thriving city, flourishing on the trade passing over the Hudson bay route, will not be realized for the next ten or twenty years,” declared one well-informed resident. FLAYS 'FLAPPER ERA* Cause of Increase in Tuberculosis Deaths, Says Expert. By United press FT. WORTH, Tex.., July s.—The “flapper era” is blamed with the ; increase in the death rate from tuberculosis among young women. A recent national survey shows that tuberculosis takes its heaviest I toll from girls between the ages of 15 and 25, Frederick D. Hopkins, New York, secretary of the National Tuberculosis Association, said in an address here. "Drinking, smoking, the almost insane desire for slender figures, 1 insufficient rest and scanty clothing explain much of the increase in the tuberculosis death rate ; among girls from 15 to 25,” he ( said.

.JULY 5, 1932

Brightwood State Bank Charter No. 521. • Affiliated With The Merchants National Bank) Report of the condition of Brightwood State Bank at Indianapolis, Indiana, (affiliated with The Merchants National Bank), in the State of Indiana, at the close of its business on June 30. 1932. J. M. MENDENHALL. President. J. HENRY FISSE, Vice-President. PAUL F. CROSS. Cashier. ROBERT W. HUGGINS. Assistant Cashier. RESOURCES % Loans and discounts ....$151,866 97 Overdrafts 6 45 United States government securities 900 00 Other bonds, securities etc 13,680 00 Other real estate owned. 2.699 25 Cash on hand 29,976 12 Cash items 391 43 Total $199,520.23 LIABILITIES Capital stock—paid in. ..$ 25.000 00 Surplus 19.000 00 Undivided profits—net .. 10,762 08 Demand de- . posits $84,732 66 Time certificates 21,723 80 Savings deposits 37,689 73 Special deposits 570 00 Certified checks 41 95 Cashier's—treasurer’s checks 144,758 14 Total $199,520.22 State of Indiana, County of Marion, ss: I. Paul F. Cross, cashier of the Brightwood State Bank, Indianapolis, do solemnly swear that the above statement is true. PAUL F. CROSS. Subscribed and sworn to befora me this Ist day of July, 1932. GEORGE C. CALVERT. (SEAL) Notary Public. My commission expires March 23. 1934.

The State Bank of Massachusetts Avenue Charter No. 565. • Affiliated With Merchants National Bank) Report of the condition of The State Bank of Massachusetts Avenue at Indianapolis, in the State of Indiana, at the close of its business on June 30. 1932. L. E. YUNCKER, President. F. W. JUNGCLAUS, Vice-Presi-dent. A. J. KRUEGER JR.. Cashier. RESOURCES Loans and discounts ....$188,458 38 Overdrafts 46 98 United States government securities 39,200 00 Other bonds, securities, etc 14,690 00 Furniture and fixtures.. 3,000 00 Cash on hand 68,139 16 Cash items 734 17 Total $314,268 69 LIABILITIES Capital stock—paid in...s 25,000 00 Surplus 7,500 00 Unidivided profits—net.. 6,383 83 Reserves 1,350 00 Demand deposits $167,923 79 Demand certificates ... 550 00 Savings deposits 105,392 22 Certified checks 168 85 Cashier’s—Treasurer’s checks 274,034 86 Total $314,268 69 State of Indiana, County of Marion, ss: I. A. J. Krueger Jr., cashier of the State Bank of Massachusetts Avenue ot Indianapolis, do solemnly swear that the above statement is true. A. J. KRUEGER JR., Subscribed and sworn to before me this Ist day of July, 1932. GEORGE C. CALVERT. • SEAL) Notary Public. My commission expires March 23, 193'.

i Madison Avenue State Bank Charter No. 682 | Report of the condition of Madi--1 son Avenue State Bank at Indianapolis, in the State of Indiana, at 1 the close of its business on June 30, . 1932: GEO. HILGEMEIER, President. CHARLES HAFER, Vice President. J. F. DAVIS, Cashier. L. P. CARPER, Assistant Cashier. RESOURCES Loans and Discounts $262,709.08 Overdrafts 218.84 United States government securities 21,920.44 I Other bonds, securities, etc 45,541.74 Banking house 18,000.00 Furniture and fixtures... 6,330.00 Due from departments... 1,954.07 Cash on hand 51,541.69 Total $408,215.86 LIABILITIES Capital stock—paid in...s 25,000.00 j Surplus 8,000.00 I Undivided profits—net .. 3,030.77 Demand deposits $194,197.70 Time certificates ... 16,398.34 Savings deposits 156,682.67 Certified checks 80,42 Cashier’s—Treasurer’s checks 367,359.13 Cash over 12, 55 Reserves 4.063A1 Dividend checks unpaid.. 750.00 Total $408,215.86 State of Indiana, County of Marion, ss: I, J. F. Davis, cashier of the Madison Avenue State Bank of Indianapolis, do solemnly swear that the above statement is true. J. F. DAVIS. Subscribed and sworn to before me this Ist day of July. 1932. R. J. LEACHMAN. [ SEAL] Notary Public. My commission expires Oct. 4, 1 1932. FIGHT” VACATION PERILS NEWTON, Mass., July s.—City health authorities are urging all of Newton’s 68,000 residents to be inoculated against typhoid and diph- [ thearia as a precautionary measure in connection with summer vacation trips. Few people would consider a trip to Europe, or South America, without being inoculated, yet thousands take summer vacation trips in this country without resorting to this safeguard. Dr. Francis G. Curtis, chairman of the Newton health department. said.