Indianapolis Times, Volume 44, Number 55, Indianapolis, Marion County, 14 July 1932 — Page 12

PAGE 12

RALLY IN RAIL ISSUES BOOSTS STOCK MARKET Steady to Firm Tone in Ail Sections of List; Steel Moves Up. Average Stock Prices Average of thirty industrials for Wednesday 44 88. up 2 20. A> crage of twenty rails 14.70, up .50. Average of twenty utilities 17,98 up 90 Average of forty bonds 70 93. up 41 BY ELMER C. WALZER United Prea* Financial Editor NEW YORK, July 14.—Railroad shares came to the front to bolster up the stock market in the second hour of trading today, as the general list met profit-taking following an early rise. Buying in the carriers brought them up fractions to a point. Atchison led, reaching 23 Va, up a point. Good gains also were made by Lehigh Valley, Union Pacific, Atlantic Coast Line and Chesapeake & Ohio. There was nothing in the news to account for the better tone in rails, but this group was influenced by indications the Reconstruction Finance Corporation would not permit receiverships. Communication shares maintained a firm tone, with American Telephone at 75, up \; International Telephone 5 1 *, unchanged; Western Union 16, up *,*; Postal preferred 314, up Utilities Hold Gain Postal 5 per cent bonds rose I’* points to 19 and International Telephone convertible 4‘A per cent bonds 26’i, up 1. American Telephone and Telegraph Company Friday wiU maii stockholders checks for * 41 ’ 984^ 47 ’ the quarterly dividend declared June 20 Accompanying the checks will he President Gifford’s statement oi the quarter’s results which are expected to show a sharp reduction in [he number of telpehoncs in use the loss in revenue being largely offset bv economies. . Utility shares generally ma ntained gains of fifactions. J. Case was steady with a steady J\ he market Tobacco issues moved up S£l 1 amounts and foods continued to meet fair demand. Steel Moves Upward C ThUe on a h 's! *£ £tad to American can. electrical eouinment issues and the on.. American Smelting was up nearly a point in a firm copper grourn Dupont was firm, along with General Motors, of which it is the laigest 5t A kh favorable interpretation was placed on Bradstreet s food dex for the week ended July 12. fine index was at $1.75, a rise of 6 cents, m 3.6 per cent over the preceding week Hogs and hog products had a large part in this showing, but, according to BradstreeJ’s the strength this week has spread to many- otnei commodities and “gives rise to the hone of a continued Improvement. Ks hope is further strengthened by the fact that the advance is the fourth successive increase.

Bank Clearings

INDIANAPOI.IS STATEMENT , JUIN 14 $2 795.000.00 Dfbits TREASURY STATEMENT —July 14— Expenditures J " ly 12 ■ •!! . Customs mcts.',' mo‘to date M 84.829.85 New York Bank Stocks ! (Bv Thomson and McKinnon) ~ Julv 13 “ Bid. Ask. Banker* 1 i2r'* Brooklvn Trust 1 i2 1 , *Si„ Central Hanover 89 a !?,? Chase National ” * Sgg Chemical 26 ,i. City Nation* l 49‘J Com Exchanee J 5 2 2% Commercial "" 14 Continental lfi7 First Natonal B iS ?o 4 Guaranty • 15J, Manufacturers * IT* New York Trust og VSPublic lfi 2 18 2

New York Curb Market

(Bv Thomson A McKinnon I —Juiv 14— 11:00 I*-y° Am Cv anamid . 2' Nia Hud Pwr . 8;i Am G & Eire.. 18 2 Penroad .. . . . }'* Am Sun Pwr.. } 3 lL R nf l T n rt #, * r in * Ark Gas A 1 j’, td _ n * j Braz Pw * Lt. . *• Un Gas A Cities Service. 2 Jin L* * Pwr t* X" Pa j) VR n CflmT) a•• • ■ El Fd A Shares! 7 Un Fndrs * Hudson Bav... 1® Foreign Exchange ißv James T. Hamill & Cos.) —Julv 14Open Sterling Encland *,•*! Franc. Franc* ni?i * Lira. Italy Psl’ Mark. Germany 237* Guilder. Holland 4P30 Peseta. Spain V;*?* Krone. Denmark 19^1 Yen. Japan 3800 Chicago Stocks Opening (Bv James T. Hamill & Co.' —Julv 14— Beodtx Aviation 5 3 Pit Circle Cities Service ... 2 -swift ACo .... 13 Cont Chi pfd.. 9'/Swift Inti 20-< Com Edison .... 55 US Rad A- Tel 7 . Middle West ... s s Walgreen Strs. 'a Other Livestock By Timtx Special LOUISVILLE. July 14—Cattle—Receipts. 175. steady; bulk, common and medium eras* steers and heifers. *4.504i6; few. $6 50; good salable to $7.50; beef cows. $3 50 down: low cutters and cutter cows. $102.25: bulls. $3 down: most light stockera. S4**s. Calves—Receipts. 250: steady, with sorting good and choice. s4fcis; medium and tnrowouts. $3.50 down. Hogs— Receipts. 600; market ISc lower: 170-220 lbs. $5; 225-255 lbs. $4.80; 260-295 lbs., $4.45: 300 lbs. up. $3.95: 140-165 lbs. $4 40; 135 lbs down, *4; sows. $2.55f*3.60; stags. $2 60. Sheep—Receipts, 2,001; supply light, ouality plain, market mostly steady; bulk better lambs. $6; choice considered salable, $6.25616.50: medium grades. including bucks mostly $5 down; bulk throwouts. $3.50; fat ewes. *l*/2: breeding ewes. $5 per hesd down Wednesday's shipments: Calvea, 105. and sheep 2.005. Hu s uilrd Pres* LAFAYETTE Ind.. July 14.-Hogs-Mar-ket. 10t! 20c off 160-180 lbs . $4 90 200210 lbs $4 80 210-225 !b< $4 70; 225-235 lbs. $4 69 235-250 lbs.. *4J>5 250-275 lbs . $4 50 275 300 lbs. $1.45 307-325 Tbs.. 15° 180 lbs . $4 5P 130-150 lbs >4.25; 100-130 lbs.. $4: roughs *7.75 down; lop cahea, $5. ton lamb* $6. It'i I nilt and Vrt nt FT WAVNC Ind July 14.- Hogs Mark*t. IV off: p;gs. *4 75*14.90; light lights $4 904? 5: light $5415.16: medium. $4 90S 5; h*avv. 84 7SJJ 4.fo' I’ght roughs. $3 75*/ 4 heaw roughs $.7 254/3 50 stags. *2 504i 3. calves. *6 50. ewe and wether lambs, $8; bucks. *5. NEW YORK COFFFr RANGE —Julv 13-- . High Low ClosMarch 6.04 6 04 6 04 Julv 6 4* 6.44 6 45 JBemember 6 23 $.23 6 22 De<einbr .l 4.04 <os

New Yark Stocks IBv Thomson Ac McKinnon 1 ———————

—July 14— Railroads— Prev. High. Low 11 00 clo.>e. Atchison n\% 22 ‘a it* I '* 22 '.i AU Coast Line oait & chio ... * cnesa At 0nt0... 11% 11 H * 11 Cnesa Coro * *> Can pac 10% 10*-, Chi Ort West 1% • Chi N West 3% >'i CRUr , *% Del LAt W 10*4 VO 1 , trie 2‘s ureat Northern '• Illinois Central ••• *> • Lou & asn ... il*.a M K At T ?% Mo Pacific 2 l'e Mo Pacluc Did 3% 3‘n N Y Central 12% 12 12 ■ 12 *2 Nickel Plate t'• N Y N H <St H I*2 ’< Vs Nor Pacific % 9% 9* Norfolk At West 6*% 62 O& W 4 Pennsylvania .... ••• 8 7% So Pacific 8% 8% <% 8% Southern Ry 3>4 st Paul IV* 1 IV* 1 St Paul pld Ua 8t Li b t 1 Union Pacific... 31*4 31 V 31*4 31 Equipments— Am car At rdy. 4% 4% 4% 4% Am Locomotive 5% 5*4 Am steel Fo 3% ... Am Air Brake S ' 7% ueu Am Tank.. 11 Vi 11 11*4 11 General Eiec ... 10 Vi 9% 10 10 Gen Ry signal 8 Pullman 15% IS IS 14% Westingh Ar 8., .. 9% Wesnn*h Elec.. 18% 18% 18*. a 18 s Ruboers— Firestone 10% Gooayerr 84 8 8 Vi 7 Vs Keliy Sprgfld *4 ... Lee RuDoer ... ... 2'* U S Rubber 24 Motors— Auourp 84’ 2 S2 4 54 4 52 4 Chrysler 64 64 General Motors.. 84 84 84 8-4 Granam-Paige 14 14 Hudson 54 54 6% 54 Mack 134 ; t'ackard I*4 i-$i Nash 10 10 ( iteo 14 ! ib.udebaker 34 34 3*4 3-2 vvnne Mot 74 7-.4 7 l4 ienow truck ... 1% Motor Access — Btnaix Aviation. 6 54 6 54 Borg Warner 44 Briggs I’, 14 14 34 Buuu Wneel 1% 1 1 Eaton ... ... 3 Ei Auto Lite 104 ... El storage B 10 4 Bparks W 14 14 Stewart Warner 24 Timken R0i1..... 10 94 10 94 Mining— Am Metals ... 2 4 2Vs Am Smelt 84 84 84 8 Anaconda Cop ... 4Vs 4 Alaska Jun 9Vs 9% Cerro de Pasco 5 44 Dome Mines 9 4 94 Freeport Texas. 124 12% 12 4 124 Great Nor Ore 5V4 Homesiake Min 1204 120 4 lnt Nickel 5’4 54 s*/a a Inspiration ... ... 14 Kennecott Cop.. 64 64 64 64 Nev Cong 34 Noranda 134 134 Texas Gul Sul.. 15 144 14% UVi U S Smelt 10% Oils— Amerada ... 15% 15 4 Atl Helming 11*4 114 11% 114 Barnsriall 44 44 4% 44 Houston 24 2 4 Sbd Oil 84 84 Mid Conti 44 4% 44 44 Ohio Oil 7% 7% Phillips 4 4 Prarie Pipe 7 4 ... Pure Oil 3% 3% Roval Dutch 17*4 Shell Ull 3% Simms Pt 5 Cons Oil 54 54 5% 54 Skelly 34 Standard of Cal.. i94 194 194 194 Standard of N J 264 26 264 26 Soc Vac 8 74 8 74 Texas Cos 10 4 10% Union Oil 94 94 Sleels— Am Roll Mills 44 Bethlehem 94 9-4 94 94 Byers A M 10*4 104 104 10 Inland 10 Ludlum 24 McKeesport Tin.. 354 35 354 344 Newton 3 Repub I Ac S 2Vs U S Steel 24 4 23% 24V* 23% Vanadium ... 84 B*/s Tobaccos — Am Tob (A) new 534 534 534 51% Am Tob 181 new 55 4 54 4 55 4 544 Llg & Myers 8.. 43 4 43 43 43 Lorillara 124 124 124 124 Reynolds T0b.... 274 27 4 274 274 Utilities— Abitibi % Adams Exp ... 24 2 4 Am For Pwr ... 3 4 34 An Pwr & Li 54 5 54 8 A T At T 75 4 74 4 75 4 74 4 Col Gas <fc El.. 6*4 64 64 64 Com & Sou 24 24 Cons Gas 374 374 374 37 El Pwr At Li.... 34 3*2 34 34 Gen Gas A ... *4 4 Inti T Ar. T 5% 54 54 54 Lou Gas & El 13 Natl Pwr & Li.. 8 7 s 84 84 84 No Araer Cos 174 16% 174 164 Pac Gas At El 20 Pub Ser N J 324 32 4 32 4 32% So Cal Edison 194 194 194 194 S:d GAt El 114 51% United Corn .... 5 44 44 44 On Gas 1mp.... 134 134 134 134 Ut Pwr Ac L A , 24 24 West Union... 164 15*2 164 lavs Shinning— Am Inti Corn ... 4 34 4 34 Inti Mer M nfd 1% United Fruit.... 194 184 194 17',s Am Sug 21% 21% 214 204 Armour A 1% „}% Beechnut Pkg 31 Can Dry A _2 Cora Cola 80** 79 794 784 Corn Prod 30 29% 30*4 304 Cudahy Pkg 26 Cuban Am Sug 2 Gen Foods 22 4 22 4 22% 224 Hershey 454 444 454 44% Kroger 124 12% 12% 12% Nat Biscuit , 25 Natl Dairy 164 16% 16% 164 Purity Bak 6% Pillsbury . .... 14 Safeway St ... 35 4 34% Std Brands 114 11 11% 10’/s Drnes— , Cotv Inc ... ... 1% Drug Inc 28% 284 284 284 Lambert Cos 304 29 29% 29 Lehn & Fink ... 10 94 10 B*4 Industrials Am R-diator ... 4% 4 4 4 Bush Term 34 Gen Asphalt ... 7*/* 7 Otis Elev U% Indus Chems — Air Red 374 36 36% 35% Allied Chem . ... 48% 48 4 48 4 474 Com Solv 54 54 s:* 54 Du Pont 264 254 25*8 254 Union Carb .... 17% 17% 17% 17% U S Ind A1c0... 174 17 4 17*4 17% Retail Stores— Gimbel Bros ... ... Kresge SS 7% 7% May D Store , 10 Mont Ward .... 54 3% 54 54 Pennv J C 17 16% 17 16% Schulte Ret St 1% Sears Roe 13*2 124 134 124

Net Changes

811 l nited Press NEW YORK. July 13.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. Allied Chemical 47’* 2% American Gan 35% 2% American Telephone 74 s * 2% Atchison 22% 1% Auburn 52% % Case 2< r % 2% Chesapeake A* Ohio it % Con'-o*’dated Gas 37 1% Consolidated Oil 5% % Du Pont 25% 1% Oeneral Electric 10 % General Motor* 8% % International Telephone 5% .% tiOew's. Inc I* % Montiomerv WRrd 5% ’ Nat Biscuit 25 1% N Y. Central 12% % North American IS 1 * 1 Pennsylvania 7% % Pubhc Service 32'* 2% Radio 4 ' Sears RopHuck 12% 1% Standard O'L N. J 26% % standard Oil. Cal 19% 1 Texas Corp 10% % Union carbide 17% % Union Pacific 31% 1% TT. S. Stce’ 23% % Western Union 15% 1 Westinghouse Electric 18% 1% Woolworth 26** 1%

Investment Trust Shares

(By Janies T. Hamill A Co.i PRICES ABE TO 12 NOON —July 14— B(d. Ask. Am Founders Corp com 37'/ .30 Amer and Gen Sec (A* 12’/ 50 Am Inv Tr Shares 1 25 1.50 Basic Industrv Shares 1.00 Collateral Trustee Shares A 2.12’j 2.62'j Corporate Trust New 1.07 1.12 Cumulative Trust Shares 1.60 Diversified Trustee Shares A 4.25 Fixed Trust Oil Shares 1.25 Filed Trust Shares •At .. . 3.75 Fundamental Trust Shares A 1.75 2 12'/ Fundamental Trust Shares B 1 87'/ 225 Leaders of Industrv (At ... 187'-. Low Priced Shares 125 Mass Inv Trust Shares to 00 1100 Nation Wide Securities 1.50 1 $0 North American Tr Shares ill lis Selected Cumulative Shares 3.50 400 Sorted Income Shares 1.75 2 25 Bhswmut Bnk Inv Tr ... 25 1 50 Std Amer Trust Shares 1.73 / Purer Cprp of Am Tr Shar 1 50 Tn<s‘ee S*d Oil 'A' 250 Trustee Std Oil <Bi i ?•.. 300 It B Ele- Li'rht A- Power iA> 10 on 12 W) Universal Trust Shares 1.20 1.33 New York Liberty Bonds —Julv 13— Liberty 3'/ '♦•7 101 10 Liberty Ist 4i *47 uj 34 t'bertv 4th 4*s '3B 102 22 Treasurv 4>a 52 , 105 07 Treasury 4s 54 102 21 Treasurv 3* SS s*3o Treasury J a s 'SB 100 24 Treasury-..35s '43 (March) 99.70 Treasurv 3*s '43 Uur.eS 99.80

Woolworth 26% 26 4 26 % 264 Amusements— Bruns Balke 2*a Eastman Kod .. 29 38% 38% 38% Pox Film 1A) 1 Grigsby Grunow % 4 Loews Inc 164 15% 16% 16 Param Pam 2 14 Radio Corp 4Vs 4 4 4 R K O 2% 24 Warner Bros ... 4 % Miscellaneous— City Ice Ac Fu 12 124 Congoleum 7% 7% Proc At Gam.... 23% 23% 23% 23*2 Allis Chal 5% 54 Amer Can 35% 344 344 354 J I Case 274 264 264 26*8 Cont Can 22 21% 21% 214 Curtiss Wr 4 4 Gillette 8 R 154 154 15*4 15% Gold Dust 11% 11*4 11% 11% Int Harv 13% 13 13% 13 lnt Bus M 60% Real Silk 24 Un Aircraft 9*B 94 9% 94 Trar.samerica 34 34 34 34

The City in Brief

FRIDAY EVENTS Exchange Club, luncheon. Washington. Optimist Club, luncheon. ClayponL Altrusa Club, luncheon. Columbia Club. Sahara Grotto, luncheon. Grotto Club. Reserve Officers Association, luncheon. Board of Trade. Sigma Alpha Epsilon, luncheon. Washington. Allied Florists, meeting. 8. tt 9 West New York street. Paul O. Ferrel, sale* manager of the Real Silk Hosiery Company, will speak at the weekly meeting of the Exchange Club Friday at the Washington. Rubber heels and leather soles formed the loot of thieves from the shoe repair shop of Stephen Hayworth, 655 East Twenty-second street, he told police Wednesday. An electric motor valued at $25 was stolen from the machine shop of James Gibson, 1010 East Michigan street. Two girls 13 and 15 are held at the juvenile detention home today following theft of clothing valued at $35 from the home of Bessie Epley, 8 North Tacoma avenue. “Seven of Every Ten,” a fourreel talking picture, will be shown at 8:30 Friday night before druggists and other store owners operating soda fountains in the rocf garden of the Severin. The film will be shown by representatives of the Coca-Cola Company, who are holding an all-week meeting at the Severin. Gentes Mobbley, 43, of 818 Meikel street, was burneed severely on the right foot Wednesday by molten iron while at work in the C. & B. foundry, Yandes and Twenty-fifth streets. While passing a consruction job at Walnut and Meridian streets today, John Durant, 50, of 1241 Lafayette street, was struck by a falling board. He was sent to the city hospital for treatment of head injuries and taken home. Articles valued at $25 were stolen Wednesday night from the automobile of Neal Grees. 446% Highland avenue, while he was swimming in Eagle creek opposite the 800 block South Warman avenue. '

SCORE RACKETEERING A. F. of L. to Clean Own Ranks of ‘Gyppers.’ By l nited Press ATLANTIC CITY. July 14.—The American Federation of Labor has declared war on racketeering within its ranks, warning that any international union will face suspension, if if fails to purge itself of law-break-ers. William Green, president of the federation, made the declaration against rackets after conducting a hearing on charges against Samuel Kaplan, president of the Motion Picture Operators’ Union in New York, whose operations have been attacked in court by members of the union. It has been charged that he manipulated to fix his salary at an unreasonable figure, and accepted donations from theatrical and production companies. PICKETING UNDER BAN Judge Grants Restraining Order for Sullivan Mine. By United Press SULLIVAN, Ind., July 14.—A temporary. restraining order against picketing of Ebb Vale Cos. mine near here was granted operators by Judge Martin Pigg after operators filed suit for an injunction. Officials of district No. 11, United Mine Workers of America, arc defendants. The mine has been operating on a nonunion basis and has been picketed by union men. Sept. 6 was the date set for the injunction hearing. Produce Markets Delivered tn Indianapolis prices: Hens lie av \ breeds. 11c: Le :horn hens. 9c: broilers, colored sorineers. 3 lbs and no. 14c: 2 to 3 lbs. 12e; bareback and part y leathered 10c: Leghorn and black 1% lbs. and ud 10c: cocks and stags. 5cLeghorn cock*. 4c. Ducks, large white. £u feathered and fat. 5c small. 3c Geese Tull feathered and fat t>c Young end old guineas to- E-os- .'ddh rd bluing grades of Institute of American Poultry Industries—No 1 13c. No. 2. 9c: No. 3. 6c Butter—l 9to 20c: undergrades 18 1.0 12c: butterfat 14c These rnces tor hea thv stock, free from teed No sick noultrv accented Quoted bv the Wadlev Comnanv By ( nited Press NEW YOFII. Julv 14. Potctoes—Market stcadi : southern 88c® 238 -arrel; Maine $1.20® I*o barrel. S.eet pet-toes Marnet. firm; Jersey, baskets 75c® $1.63: southern baskets 83cfe$3.2': tiuF;*rn. barrel. 75c®*175 Flour— M vket. nuief; spring pitents. $3.90® 4.15. Pork—Market, firmmes.. $20.25. Lard—Market, firm; middle west snot. *5.50® 5.60 per 100 Its Ta'low —Market, steady; special to extoa 2%® 2-%c Dressed noultrv—Market, irregularturkeys. 10® 27c; chickens. 11® 26c: fowls to ; 13c: long Island ducks. 11® 14c Live ->ou!try—Market, nuiet: eeese. 7®L’cducks. 10® 20c: fowl 13®17c: turkevs 10 i2oc: roosters, 12® 13c: broilers, ducks 8® 15c: chicken, pullets. 16® 22c; broilers 12® 22c. By United Press CLEVELAND. July 14.—Butter—Market firm: extras. 22c: standards. 22c. Eggs Market, firm: firsts, 15c: current receipts 14c. Poultry—Steady, heavy fowls. 14® 13c: medium fowls. 15® 16c; leghorn fowls 12® 14c: heavy broilers. 17®21c; Leghorn broilers, 12® 15c: ducks. 10<R12c; old cocks 8® 10c: eeese. 7<f?Bc. Potatoes—No quotes! By ( nited Press CHICAGO. July 14.j-Egps—Market, firm: receipts. 12.410 cases: extra firsts. 14 \fi 14%e: firsts. 18%f?14%c: current receipt* 13c; seconds, lie. Butter—Market, firm; receipts. 10.083 tubs; extras. 18c; extra firsts. 17®17%c: firsts. 15® 16c: seconds. 13® 14c: standards. He. Poultry—Market, essv; receipts, 31 trucks; fowls. 13cspringers. 19c: leghorns. 10c: ducks. 9® 11%e: geese. 8® 11c: turkeys, 10® 12c; rooners. 10c: chickens. !SS2Oc; leghorn broilers. !3%®14c; stags. 11c. CheeseTwins, 9%® 10%c: young Americas. !o%® 10*c Potatoes—On track. 409: arrivals. 219: shime-nts. *00: -iarket about steady: Missouri cobblers. 75® 85c; Kansas cobblers. 70® 85c. Local Wagon Wheat City cram elevators are oavmg 13c for No. 2 soft wheat. Either grades on their merit.

THE INDIANAPOLIS TIMES

PORKERS MOVE OFF 20 CENTS IN DUfi TRADE Cattle and Calves Hold to Steady Range; Sheep Sell Lower. Hogs dipped another fraction this morning at the city yards. Most sales w’ere 20 cents under Wednesday’s average. The ’bulk, 120 to 350 pounds, sold for $4.60 to $5.10; early top holding at $5.10. Receipts were estimated at 5,000; holdovers were 379. Cattle were steady with receipts of 800. Vealers held unchanged at $6 down. Calf receipts numbered 400. Sheep were 25 to 50 cents lower, selling at $6.50 down. Receipts were 1,100. At Chicago a few early bids were 10 cents lower than Wednesday's average on hogs. On 180 to 210pound weights the bid was $5.10; few 140 to 150-pounders sold at $4.75. Receipts were 22.500, including 8,000 direct. Holdovers were 6.000. Cattle receipts were 6.000; calves. 2.000; market steady. Sheep, 11,000; steady. , , HOGS •\9ly. Bulk. Ton. Receipts. 1 *TBofe 5.25 $5.25 8 FIDO 2 122 s.so .000 ,?• SMf! 1 555 5.55 1.500 ”• *■** 5.55 5.000 ?• 5 601 8 000 3 122?- 5.30 6.000 16. 6.9071 5.10 5.10 5.000 Receipts, 5,906: market, lower. <l6O-1601 Good and choice...* 4.80® 4.90 —Light Lights—-(.6o-1801 Good and choice... 5.10 —Light Weights—*i 8 5"200) Good and choice... 5.10 (200-220) Good and choice... 4.95® 5.00 —Medium Weights—-*22o-2501 Good and choice... 4.80® 4.95 1250-290) Medium and g00d... 4.70® 4.75 —Heavy Weights—-<29o-3501 Good and choice... 4.60® 4.70 —Packing Sows—i22‘?22' Medium and g00d... 3 25® 4.25 <IOO-1301 Slaughter pigs 4.55® 4.70 CATTLE Receipts, 800: market, stcadv. Good and choice S 7.50® 9 25 Common and medium 4.50® 7.50 (1.000-1,800) Good and choice 7.50® 9.50 Common and medium 6.00® 7.50 —Heifers— Good and choice 6.50® 8.00 Common and medium 3.50® 6.20 —Cows— Good and choice 3.25® 4.75 Common and medium [email protected] Low cutter and cutter 1.25® 2.50 —Bulls (yearlings excluded) Good and choice beef 3.00® 3.75 Cutter, common and medium.. 2 25® 3.00 CALVES AND VEALERS Receipts. 40(1; market, steady. —Vealers— Good and choice $ 5 50® 6.00 Medium 4 00® 5.50 Cull and common 2.50® 4.00 —Calves— Good and choice 3.50® 5.00 Common and medium 2.50@ 3.50 —Stocker and Feeder Steers— Good and choice 4.50® 6.00 Common and medium 3.00® 4 50 (600-1,500) Good and choice 4.50® 6.00 Common and medium 3.00® 4.50 SHEEP AND LAMBS Receipts. J. 100: market, lower. Good and choice $ 5.00® 6.50 Common and medium 3.00® 5.00 Ewes, medium and choice .... I.oo® 2.00 Cull and common 50 @ 1.00 Other Livestock B.y l niled Prttitt CHICAGO. Julv 14.—Hogs Receipts. 22.000, Including 8.000 direct; slow. 10® 15c lower; 160-240 lbr.. 5,5®5.10; 250-310 lbs.. $4.80®4.95: 140-170 lbs.. 54.65®5; pigs, $4.25® 4.60: packing sows, $3.50® 4; smooth sorts to $4.30; light lights. 140-160 lbs., good and choice, $4.65® 5: light weight 160-200 lbs., good and choice, $4.90® 5.10: medium weights. 200-250 lbs., good and choice. $4.90® 5.10; heavy weights, 250-350 lbs., good and choice. $4.60® 5; packing sows, 275-500 lbs., medium and good, $3.40® 4.40; slaughter pigs. 100-130 lbs., good and choice. $4.15® 4.75. Cattle—Receipts. 6.000; calves, receipts, 2,000; slow, few sales fed steers, vearlings and she stock weak to 25c lower; most bids fully <-5c off; bulls and vealers firm; fed weighty steers. $9.40; slaughter cattle and vealers: steers 600-900 lbs., good and choice, $7.50® 9.50; 900-110 lbs., good and choice. $7.75® _i 180 ' 1300 lbs., good and choice, L3OO-1500 lbs., good and choice. $7.75®9.50; 600-1300 lbs., common and medium, $4.25® 7.75; heifers. 550-850 lbs., good and choice, $6.75®8.25; common and medium, $3.75® 6.75; cows, good and choice. s4® 6; common and medium. s3® 4; low' cutter and cutter. 81.75® 3; bulls, yearlings excluded, good and choice beef. $3.50®5; cutter to medium. $2.50® 3.50; vealers. milk l e S A°„ od lt ?, d choice. $5.50®6.75: medium, $5®5.50; cull and common, s4® 5; Stocker and feeder cattle: steers. 500-1050 lbs., good and choice. $5.25®6.25; common and medium $3.50® 5.25. Sheep—Receipts. 11.000, slow, weak to 25c lower; good to ehoice native ewe and wether lambs, 55.75® 6 to packers, moderately sorted; throwouts, $4: top $6.50 paid sparingly bv outsiders; asking above $6 for choice Idaho range lambs: slaughter sheep and lambs: lambs 90 lbs. down, good and choice. $5.50® 6.50; medium. $4.50® 5.50: ?**, weights common, $3.75® 4.50; ewes. 90150 lbs., medium to choice, $1®2.25; all weights, cull and common, 50c®51.75. Bn United Pret* EAST ST. LOUIS. July 14.—Hogs—Receipts. 17.000: market, slow: mostly 10®' *e lower; top *5; most 150-220 lbs., $4.80 ®4.90; no heavies sold. 100-140 lbs., $4.50 o'snn 0 ' s ? ws - 53.60®3.85. Cattle—Receipts, fA s^’., calves -. rec ,ePt. 1.300; market, slow, indications steaov on native steers; west-™.rti-i e . ers at 55.25®5.50; mixed yearlings and heifers about steady with steers at 7.50: cows. $2.75® 3.75; low cuttop sa ” sa ke bulls $3.15; \ealers. 2c lower at $5.50. sheen—lower ■’ i ma 2 ke l‘ la mbs steady to 25c SKEi. “siwisf ;.°,ar's k " and i.Tmi'iie’S' “ w; #// l nitcft Pres a EAST BUFFALO. July 14.—H0e% Or manrt v j rtu llV nothing done'; demand extremely-narrow; desirable 160-200 WadnSSiS? h?ld at Ss ' so - or I*C under 450 d average. Cattle—Receipts. gc-U, g! " s J steers and heifers dragev $4 80® 5 to fferl^ R n S ; S ; V7S J Plains kinds! tiMAwu , s,ea dv: cutter grades. j;> e : cal ’’ es . receipts, ISO: vealers unrhanged; good to choice. $7.50; common V&rSXXL ss , 2sff>BSn - Sheep—Receipt" lambs, slow: generally 25r i®*r f e °S? "ear choice. g $6 e 75 aI ?o mostly kinds.* 7 ***’ ‘hrowouts. ss® 5.25; inferior Bu United Press n 52 NCIN?J ATI. July 14.—Hogs Receipts ioMower on' r *2s lhs t i Jrough . : s!ow , mostly lie to mnsttowL^• down: heavier weights ter Irorif S'L 25 .' lower: s P° ts 30c off; oet--270 Is? lh- 54 a fpw *5.10; 260-300 weakof l3o ' lso lbs -- *6-65: sow = Cattle—Ree?nt. o 'nn' * 3 ?° t 0 mojtly $3.70. ts he-frrs to" nd • n l c ,r um Mews' anti ilh-a S2 h Tie^ e 75 r -Tnw be /. w een s7® 8: beef cows. 2 an "JrJZj?\£ nt i CT Z and cutters. $1.50® ■Lfii? 1 t°P b ul*s. *3.25: vealers unok^u ‘- V i. ‘- tea dv t 0 mostly 50c lower- eood h"?vvwr°>’-t- h % r n d k r ehtf ' -. - * R and 'ower grads $5 down bo- e t e 4~5SSi p . fs ’ i orio - sl °* shout steady! ouoVab-e nn tn at s<; - 50 ' rj7 - choice *6®6 b plaHier irt£ d 82 w - * l<J1 ’ 50 - By r nitrd Press s3® 3 75 P a kng sow s steady at. sterdy; medium and'goodYteers ancTvear 1 - n edh,m°to d .”a E 25 ' * ooa heifers *7: t ? 4 5 0 °d cows, *3® 4.25 Calves— s f r^H rket - ste *dy: choice vealSheen down to *4.25. lower S a 1 i. 000; lambs mostly 25c te, %'„- Bo °d snd choice. 60-74-lb weight* t) C . o t ra ? n . snd medium grade. *3.25 downed steady; good wethers. * 2 !75 By United Press Julv 16—Hogs - Receipts il?I dovers none mostly 15c lower: *5*35 %n*?nn e ih ows . l down: LSO-2SO nx' . •t *-n °' 3oo lb - *6 90® *5 pigs *5 Cat®**s.°°socV*under<gh **t 1 aaet rS graln^’ medmrc ‘ Jleht weigh to ’ 'iS M® 7 CO “s r SS24S 21? f ’ J®.mediums *s® 8: cal’ and heavy down ®wd to *4. Sheep—Rehf.ik-" ! *e*dv to 25c lower: 25 .^* 0; choice abaent earlv throwouts. *4® 5. mainly few medium. *5.50 By United Press TOLEDO. July 14. —Hog*—Receipts. 250 market. 10c lowe<-; heavy Yorkers. *s® 5.15: mixed. *s® 5 15: bulk. *s® 5.15: pig' *4 50; lights. *4.50: roughs. s3® 3.50. Cattle —Receipts. 40: slow on grassers. active on dry fed. Calves—Receipts, light; market, steady. Sheep and lambs—Receipt*, light; market, alow.

BELIEVE IT or NOT

fll •' CftfAA^(Ru si cte t/e" L-. ai- tA* tW) J ~~ urr'M ( J Cio*j ttcL'.'M l : Famous Author ond Mouter oj Iho tlngl Lfingrtige \ l Could not speak a word of it at the age of 21 yrs / \ J COME ANO HEAR 7 ” / I: \p MAURICE HOWL NE.GRO Y l |! \) nAUKiLt nUWL WITH NO SWEAT ll I HOWL IS A PREACHtR H ;||W 1 *■ Ip- AHO SINGER in SPLMCER.Tcnn. 1 j I I | I TL. HACKNEy CONVERTEO' 2 PINE TREES INTO A HOUSE } IN ONE DAY f -VdldA, Texas, 189 b L/ WL. -1 0 1932. Kiiik fr'eamm Syndicair. BnUM rights reer*f4. ~ ~j J f

Bright Spots of Business

Bv United Press NEW YORK. Julv 14.—Resumption of large scale public utility financing today reflected bankers’ confidence of' a definite turn for the better in financial markets. DETROlT—Chevrolet dealers reported the sale of 43.397 new? cars and trucks during June, or 10.000 units more than domestic production for the month. NEW YORK—Bradstreet’s weekly food index turned up sharrply this week, with a gain of 3.6 per cent over last week and the fourth successive increase, It was reported. NEW YORK—Fidelity Fund. Inc., declared an extra dividend of 10 cents a share and the regular ouarterlv payment of 50 cents.

1932 Pied Piper Musical Tones Replaced by Rubber Hose and Deadly Carbon Fumes.

''T''He “good old days’’ were being recalled today by rats who have made their homes in the vicinity of Indiana avenue and Tenth street—at least they are being recalled by the rats that still exist. Once upon a time, back in the “good old days.” the rats have been told by their ancestors, there was a man known as the Pied Piper of Hamlin, who rid a fairybook land of rats. He accomplished the process pleasantly by playing sweet music on his pipes, and leading the enchanted rodents to the ocean, where they were drowned. Now. a modern version of the incident is being enacted by members of the Montcalm Civic League, led by Pied Piper Hal M. Farr. However, the musical pies have been replaced by a rubber hose, and the music by the staccato bark of a truck motor from which carbin monoxide fumes are directed into haunts of the rodents. While the modern method is less romantic, the Montcalm Pied Pipers are determined to continue their piping of fumes until the rats become extinct or leave the vicinity.

THEY TELL ME

WHAT price conviviality with a Governor? Ralph M. Young would answer “$24,000.” And it’s a correct reply, at that. Young, who long has been universally recognized as Governor Harry G. Leslie’s boon companion in his lighter moments, and therefore has earned the appellation of “Governor’s Shadow,” no longer is a shadow, but a man of substance. Rewarding his entertaining ability, Leslie appointed him to the public service commission to succeed Francis T. Singleton. The appointment is for four years and pays $6,000 a year. Circumstances surrounding his appointment are one of those things that make politics an entertaining puzzle to the onlooker. When Leslie became Governor, he appointed Young, who resided in Muncie. as chief inspector of the bus and truck division of the commission. While in that capacity, his principal duties seemed to be to sit i around the Governor’s office, watch j those walking in and out. and act in ‘he same political capacity as does j * awrence Richey for President Hoover. m * u They tell ijra that he establish'd a wide acquaintance among utility.

On request, sent with stamped addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.

Following is the explanation of Ripley’s “Believe It or Not” which appeared in Wednesday’s Times: The Skyscrapers of the Desert— Hadramout, a valley about 300 miles long, running parallel to the south coast of Arabia, has a very ancient history and is identical with the Hazrmavth (Yard of Death) of the Bible. Shibam, the chief town, is believed to be the native city of Queen Balkhis, who, under the name of Queen of Sheba, visited King Solomon in 950 B. C. The district is extremely isolated, due to impassability of the desert of Rub al Khali. As one approaches Shibam, one is struck by the curious appearance of the city’s skyline, suggesting that of an American metropolis. Tall houses, very high and narrow, and built of mud brick, dot the landscape. Some of these houses were built twenty centuries before New York ever was heard of. It was Use need for protection that made the ancient. Sabeabs construct houses ten stories high. • The feat of designing mud brick structures to withstand the weight of ten stories is a detail as amazing as it is inexplicable. Friday: “The Upside Down House.” BACKS JTAMP TAX Weiss Proposes Levy on All Notarized Papers. A stamp tax which would raise millions to provide- for unemployment relief will be provided in an amended revenup bill being prepared for introduction in the house by Representative Jacob Weiss (Dem.), Indianapolis. Weiss proposes to place a 10-cent stamp tax on all papers requiring a notary seal and to create an unemployment relief commission composed of county judges, clerks and commissioners to dispense relief to the poor. It. w ? as estimated the tax would raise nearly $500,000 annually in Marion county. In the Air Weather conditions at 9 a. m.: Northwest wind, 7 miles an hour; temperature, 88: barometric* pressure. 30.12 at sea level; ceiling clear; unlimited: visibility, 10 miles.

men during this period. Well, if he hasn’t that acquaintance now’, it won’t be long until he has. But the peculiar part of the appointment is that L. O. Chasey, the Governor's secretary, has been in training for Singleton's post for three years. He recently completed a law course and remarked to some friends that “now, with my law training, lam well qualified* to be a commissioner.” Chasey took the bar examination Tuesday, the day of Young’s appointment. It appears that he didn't complete his law studies in time. man Up at Muncie they say that Cal Faris, former parliamentarian for Leslie when he was house Speaker, and Young’s political ally, has been looking with longing eves at Piiny Wolfard's place on the state tax board. Young frequently urged Leslie to name Faris to that post at the expiration of Wolfard's term. Evidently Leslie, for the nonce literarily inclined, paraphrased Longfellow’s Miles Standish and raid, in the words of Priscilla, "Speak for yourself, Ralph.” And Ralph, it appears, did. It pays to be a friend of the Governor—sometimes.

Af Registered O. • M. 9 t Patent Office RIPLEY

Dow-Jones Summary

Community Power and Light Company and subsidiaries in twelve months ended May 31 1932. reported net profit amounting to 51.875.478 after taxes, but before depreciation, interest, subsidiary preferred dividends etc., against $1,992,543 in pre2°J!f.. elve montbs - Gross $4,355,394 and $4,698,105 respectively; May 1932 consolidated profit amounted to $126,545 before in *May C 8S con, P ared with $143,210 L. Bamberger A Cos. declared (he regular quarterly dividend of 51.62% on 6% per cent cumulative preferred, payable Sept. 1, of record Aug. 18. qutorl°v W dividend "of thP preferred. alvlaena ° r $1 on convertible Msr. s ended June 25 was 13 per cent Week a*l on common stock, payable Aug 1 of record July 13. * ’ ended* P Juife riJ 30 in l ix m °nths 1.500,000 after ' dpmWiaH P lo^ l totaling federal taxes against $6 Otonhn before quarter and *3 3sn non i„°° . in P rev '°us quarter. *4,350,000 in June 1931 arrSfA' 3 om .“r £ after depreciaUon am t°a U x n e t s ng e tc 0 * 484 - 02n net profit of $1,631,440 eaual ‘to as* 3 ’"? 1 ' a share on 450 348 share* t 0 46 c< *nts preferred dividends ° f common after months. uivlaen °s in previous twelve St Louis Southwestern in first week $W3n totalrd gainst *365.311 ,n like week of 1931; from ,f an . to July 7, gross totaled *6,652,237 against $9,734,898. months* endesP°ADri?"4 °^r * amounting to 81,’067,948 X all charges’! In the Cotton Markets CHICAGO —July 13High. Low Close. i an " ar y 616 592 616 ?I a !l ch 630 607 fi.3o SB? ::::::::: 644 623 ? 44 Decembcr 608 5.84 6.08 NEW YORK i a o n 'il ry 6.11 584 6.11 October ;;;;; HI | 5-‘J ( December 6.04 5.76 603 j NEW ORLEANS. M,Th rT 6.05 5.82 605 I March 6 isl 597 g. 19 j October";;;;;;;;;;;;” ig * 7 *| December 5.98 574 5.93 RAW SL’C.AR PRICES —Julv 13— High. Low Close. I January 105 1.02 1.04 ' March 1 06 1.05 1 06 Mav 1.11 1.09 l.n ] Juti; v 98 .98 .98 September 1 04 l 02 l o* December 1 09 1.04 1 OH I

Are You Planning O a Trip Abroad • If you plan to see Europe this summer, whether again or for the first time, our Travel Bureau can help you. Through personal acquaintance with the ground to be covered, we can offer invaluable suggestions on where to go and what to see. In advance of your leaving we will make all arrangements for transportation and accommodations. In short, every detail of your trip will be cared for, leaving you free to get the utmost in pleasure and profit for your time and money. A card or phone call will bring our representative to see you. RICHARD A. Kl RTZ, Manager Travel Bureau The Leading Travel Bureau of Indianapolis BTMONTRUSTq 120 E. Market St. RI ley 5341

JULY 14, 1932

GRAIN FOTURES DISPLAY FEW PRICECHANGES Bullish Weather News Holds Back Early Selling Pressure. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, July 14. Grains opened unevenly on the Board of Trade today ttot held close to the previous close. Weakness at Liverpool was partially offset by persistent strength in stocks. July weakened but December was stronger. There were scattered sales and bids but activity was light. Pressure was held in check by the clear and hot weather over the spring wheat belt which remained a threat to the crop. Corn was uneven with wheat but oats was easy and rye dull. At the opening wheat was % to % cent higher, corn was % cent lower to % cent higher, oats % to % cent lower and rye unchanged. Provisions were steady. Liverpool started about steady but weakened on the bearish aspects of the Canadian crop Teport and was •% cent lower at midafternoon. Spring wheat was off to a wonderful start and at the peak of condition. Prices for American corn are close to an export level and the trade continues to hope for liberal export sales. The short interest in July has been greatly reduced. Crop prospects remain favorable but temperatures are high. Oats firmed up somewhat with the other grains. The market remore support than has been in evidence for several days, when turned up. There is some apprehension over unharvested oats owing to the heat. Chicago Grain Table 1 —July 16— WHEAT— Pr * r _ . . High. Low. lfMXt close! September ... .49% .49% .49% 49% December 53% .52% .53% .52% CORN— September ... .33 .32% .33 .33 December ...’ .33 .32% .33 .32%' OATS— September ... .19% .19% .19% .19% December 21% .21 .21% .21% RYE— September .31% .31% December 35 .35% LARD— September .„ ... 5.05 5.07 9 ctober *U ♦. 500 5.00 January ... 4,67 Bit Times Special CHICAGO. July 14. Carlots: Wheat. 83: corn, 50; oats, 48; rye. I, and barley. 1, By Times Special , CHICAGO, July 13—Primary receipts: Wneat. 1,347,000 against 5,145,000; corn, 198.000 against 382.000: oats. 189 000 agaipst 91.000. Shipments: Wheat, 1 072 - 000 a ® a i n 't 2 - 71 9-000: corn. 362.000 against 206,000; cats, 109.000 against 94,000. By United Press CHICAGO. July 13.—Cash grain closp: Wheat Red No. 2. 49®49%c: hard No 2 49®49%c; No. 349 c; No 2 vellow, 49c. Corn—No 2 yellow, 32%®33c: sample grade, 28’2C. Oats—No. 2 red. 19c- No 2 white, 19%®21c: No. 3. 19®20%c Rve None. Barley 28® 38c. Timothy—s2.3sU 2.50. Clover—s7® 12.50 By United Press TOLEDO Julv 13.—Cash grain close: Grain in elevators transit billing; Wrest , 2 ,, rad - 47® 48c. Corn—No. 2 vellrtw. 35%®36'..c. Oats—No. 2 white. 23’2®i 24%c. Rve—No. 2. 36%®37%C. Trees prices. 28 , ;c rate. Wheat—No 2 red. 41 1 a ®42c: No. 1 red. % to 1 cent premium: j 3 F ed - 2 to 3 cents discount; No. 4 r 22 _ to 5c discount. Corn—No. 2 vellow 31® 32c: No. 3 vellow 30® 31c. Oats—No. 2 white, 20%®21%c; No 3 whhe 19* 2® 21c Butter 22c. Eggs—l3%<3 14c! Hav—Bo cents per cwt.

Cash Grain

—July 13— The bids for car lots of grain at tha call of the Indianapolis Board of Trade, f. o. b.. shipping point basis 41 tic New York, Rate, were: Wheat-Firm: No. 1 red. 35%®38%c: No. 2 red. 36%®37%c: No. 2 hard. 37%@38%c. Corn—Strong; No.-2 white. 24®25c: No. 3 White. 23 ft 24c: No. 2 vellow-. 23® 24c: No. 3 vellow. 22® 23c: No. 2 mixed. 22® 23c: No. 3 mixed 21® 22c. Oats—Firm: No. 2 white. 15%<ff16%e: No. 3 white. 15®16c. Hav—Steadv: (F o. b country points taking 23%c or less rates to Cincinnati or Louisville.) No. 1 timothv. *7(87.50: No. 2 timothv. s6® 6.50. —lnspections Wheat —No. 1 red 6 cars: No. 2 red. 21 cars: No. .3 red. 1 car: No. 4 red. 1 car. Total. 29 cars. Corn—No. 2 white. 1 car: No. 2 vellow. 8 cars: No 6 mixed. 1 car. Total. 10 cars. Oats —No 2 white. 5 cars: No. 3 white. 19 cars. Total. 24 cars. DRY AGENTS’ BLAZE VICTIM GETS $1,5(50 Man Burned When Alcohol W’a* Dumped Receives Balm. By United Press WASHINGTON, July 14.—Congress, in addition to appropriating $5,000 each to the families of two innocent persons slain by federal dry agents, ja<=t has passed a bill to pay $1,500 to William Dalton of St. Louis for burns received in an alcohol blaze. On July 20. 1925, while walking on a public sidewalk, Dalton was burned “due to United States government agents pouring alcohol into a gutter on a public highway, said alcohol bring ignited as a result of some unknown person throwing a match into the gutter.” The bill has passed both houses and is expected to go to President Hoover soon for signature.

' C. D. Vawter represents ACACIA Mutual Life Insurance Cos. ovpp om in forr** >. 712-715 Meyer-Kiser Bldg. /