Indianapolis Times, Volume 44, Number 57, Indianapolis, Marion County, 16 July 1932 — Page 8
PAGE 8
STOCK MARKET SHOWS STEADY TRADING RANGE Purchases Are Stimulated by Bank Situation Improvement.
Average Stock Prices
Average of thirty Industrials for Thurs- I *!av 44 34. of! .54. Average of twenty rails j 34 18, up .1. Average of twenty utilities I 37.75. off 23. Average of forty bonds : 71.10, up .17. BY ELMER C. WALZER United Press Financial Editor NEW YORK, July 15.—The stocK market advanced today as the time neared for adjourment of congress. Railroad and petroleum shares led the advance, their bonds setting the pace on the securities market also According to preliminary calculation, the Dow, Jones <fc Cos. industrial average stood at 45.47, up 1.13 points; rail average at 15.63, up 0.82 points, and the utility average at 18.31, up 0.56 points. Sales totaled 800,000 shares, com- j purr'd with 1,000,000 shares Thursday. | Aggregate market value of ten leading stocks was $3,962,690,772, against $3,860,477,364 Thursday, an advance of $102,213,408. French Franc Drops Other markets looked up. Wheat recovered after making new seasonal lows and closed up % to % cent a bushel, inspiring advances in other grains. Cotton gained more than $1 a bale. Sugar, rubber and silver were firm. Foreign exchanges were featured by a drop in the French franc to anew low for the year at 3.91 "i cents a franc. At this figure the franc was silgthly under par. Belgian Belgas made anew low at 13.87 cents, off 2 points. Weakness in these currencies lent credence to recent reports America would soon be the recipient of gold from Europe. The share market started firm as confidence in the banking structure was enhanced by a favorable federal reserve statement showing a drop of $61,000,000 in money in circulation; a rise of $10,000,000 in; monetary gold and a rise of $20,000,000 in United States government securities. New Highs Made After the opening another dip in wheat unsettled the list, but it came back quickly when indications pointed to agreement of both houses of congress on a relief bill which would meet with the demands of the administration. This was taken as assurance the present session of congress would be short-lived. As the time for adjournment of congress neared, stocks made progressive gains. Near the close many issues had reached new highs on the present movement, among them being National Biscuit, Atchison. Union Pacific, New York Central and Standard Oil of New Jersey, All groups joined the upturn and trading broadened out with volume increasing after early lethargy. Buying in the railroad stocks and bonds was said to reflect prospect of early decision on the four-party eastern trunk line consolidation plan. Best gains were made by New York Central, Delaware Hudson. New Haven preferred, Chesapeake & Ohio, Atchison and Union Pacific. Central of New eJrsey spurted nearly 7 points. A. & T. Moves Up Rising prices in the oils reflected improved statistics of the industry, prospects of another giant merget and indications of agreement of producers on foreign marketing procedure. The recent tax on oil imports has practically eliminated the import factor as an element in the oil situation, leaving the field to the domestic companies. In the petroleum group, Standard of New Jersey led with substantial gains made by Standard of California, Atlantic Refining, Consolidated Oil and Houston. American Telephone rose to above 75, against a previous close of 73 U, despite its first half report shownig earnings of $4.02 common share, against dividend requirements of $4.50. It was reported in generally well informed circles that the telephone directors would make no change in the dividend policy at least until next winter.
Bank Clearings
INDIANAPOLIS STATEMENT JUly 15_ $2,365,000.00 Sebits 11 * !.'!!!!!."'■•■ 7,10i.000 oo TREASURY STATEMENT Net balance for July 13 $2 i3 nq2 i99 79 : Custom** reels, month to dale 7;0*4L72L23
New York Curb Market
(Bv Thomson & McKinnon) -July 15Close Close Alum Cos o Am. 24% Gulf Oil 26 Cvanamid .. 2% Hudson Bay ... L Am ttt A.- Trac. 14Insull Ut h Am Sup Pwr... I*4 Imp Oil of Can. TU Ark Gas (A' Vint Pete 9% Asso Gas &El % Midwest Util ... % Br'az Pr &- Lt 8% Newmont lMn .. 7% cln Marc • % Nia Hud Pwr.... 8% Service. 2 Penroad 1% £,ns o£ r of Bal 43% gait Creek 4^ Com Edison .... 59 Sel Indus s e— P n a vtat ion ~ ** jSt and of 1nd...... 13 Ford of EatK • • S (Un Lt A Pwr... 2% Goldman Sacha 1% Un Fndrs %
Local Wagon Wheat
ritv eraln elevators are oavlng S3c for 14<V 2 soft wheat. Other erades on their merit.
In the Cotton Markets
CHICAGO —July 15 — High. Low Close. £ :?? Si* ?J*V 645 625 645 Zlv 5.77 October 599 5.72 594 December 606 5.86 6.07 NEW YORK January 8.11 5.92 6 07 March .. 628 602 621 Mav 6 41 6.17 6 35 jJ,lv 5.72 5.55 5.72 October 5.91 5 66 5.84 December 6.06 580 599 NEW ORLEANS January 6 04 6.03 6 04 March 6.22 6.00 6.18 Mav . 636 6.14 632 ju"v 5.72 5.71 572 October 587 5.62 582 December 6.01 5.76 5.9. RAW SUGAR PRICES —July 15 High. Low Close. ianuarr 106 1.04 1.05 larch 1 09 1.06 1 08 Mav 1.15 1.11 MS Julv 120 1.17 118 September 1.06 1.02 1.03 December 1-10 1.05 1.03
New York Stocks
By United Press NEW YORK, July 15.—Sales on the New York Stock Exchange today totaled 800,000 shares. Curb stock sales were 80,000 shares. —July is— Railroad* — Prev. High. Low. Close, close. Atchison 2*% 22 24 22', 4 Atl Coast Line.. 12% 12 12-a 12 Balt it Ohio ... S’* 5% % 5% Chesa it 0hi0... 12 10’* 11% 10% Chesa Corp 6'a 5% S'* 5% Can l*c 10 s * 9% 10% 9% Chi (Wt West 1% 1% Chi N West 3'a 3 3' a 3*4 Del Lk W 11% 10% 11 Va 11 Del it Hudson.. 40 39 40 39 Erie 3 Vi 3 Erie Ist pfd * Great Northern. 8% 7*4 8% 8 Illinois Central. 7% S’* 6% 6% Kan City So 4% ... Lou it Nash ... 12 11% 12 12 M K it T 2’. 2 1 a 2% 2% Mo Pacific 2'* 2 2'* 1% Mo Pacific pfd.. 3% 3% 3-** 3'a N Y Central 13% 11% 12% 11% NY NH St H 9 7’* 9 7'a Nor Pacific .... 9Vs 8% 9Vs B'a Norfolk it West 65 64 65 64% O <fc W 5% 4% aVi 4% Pennsylvania ... 8% 7’/* B' 4 7’* SO Pacific 9'* 8 9la B'a Southern Ry ... 3 4 3Vs 3 4 3 1 * St Paul 1 IVs St Paul pfd l’/a ... St L & S F 1 1 Union Pacific ... 33% 30*4 33 30% W Maryland .. 3Vi 24 314 3Vi West Pacific 1 Equipments— Am Car it Fdy.. 5 4% 5 4% Am Locomotive. 5*4 54 Am Steel Fd ... ... 3'/a Gen Am Tank... 11 10% 104 104 General Eiec ... 1014 94 10 94 Gen Ry Signal.. 84 74 84 ... N Y Air Brake 4'/a ... Poor & Cos 14 ... Pullman 144 14 Vi 144 14 >4 Westingh Ar 8.. 10 94 94 10 Westingh Elec.. 184 174 184 174 Rubbers— Firestone 11 11 Fisk >/ Vi Goodyear 8 4 8 8 4 8 4 Kelly Sprgfld 4 U S Ruober 3 4 34 j Motors— Auburn 524 46 514 474 Chrysler 64 64 64 6 4 General Motors. 9 84 9 84 Graham Paige 14 14 Hudson 64 5 4 64 54 Hudd 14 14 Alack 13 13 134 13 'ash 10'i 104 104 10 Packard 14 14 14 14 Reo ... 14 14 Studebaker 34 34 34 34 White Mot 7 4 Yellow Truck .. .. 14 Bendix Avjation 6 6 Borg Warner 40 4 4 Briggs 34 34 Budd Wheel 1 Eaton 3 El Auto Lite 104 94 104 94 El Storage B 18‘/* Motor Wheel 24 24 Murray Body 2 4 2 4 Sparks-W 14 Timkin Roll 94 94 Mining— Am Metals 24 24 Am Smelt 84 8 8 4 84 Anaconda Con... 4 34 4 4 Alaska Jun 94 9 4 94 94 Cal it Hecla 2 Cerro de Pasco.. .. ... .. 44 Dome Mines .... 10 94 10 94 Freeport Texas.. 124 12% 124 124 Great Nor Ore.. .. ... 54 54 Homestake Min. 123 4 121 4 123 ',2 121 Int Nickel 54 5 54 5 Inspiration 14 14 Kennecott Cop.. 64 64 64 64 Magma Cop 54 ... Miami Copper ... ... 14 Nev Cons 4 34 4 34 Noranda 144 134 144 134 Texas Gul Sul.. 154 144 154 144 U S Smelt 104 104 104 104 Oils— Amerada ....... 17 16 17 16 Atl Refining 124 114 124 11 Vi Barnsdall 44 44 44 44 Houston 24 2 4 2 4 2Vi Sbd Oil 84 74 8% 74 Mid Conti 5 44 5 44 Ohio Oil 7Vi 74 74 74 Pan-Amer (Bt.. 8 74 74 ... Phillips 44 34 4 34 Prairie Pipe ... 74 74 Pure Oil 34 34 34 34 Royal Dutch ... 174 J7V 4 174 174 Shell Un 34 34 34 34 Simms Pt 54 5 5 5 Cons Oil 54 54 54 5<4 Skelly 34 34 34 3% Standard of Cal 204 194 204 194 Stand of N J. 264 254 264 254 Soc Vac 84 74 84 74 Texas Cos 104 104 104 104 Union Oil 94 9 94 94 Steels— Am Roll Mills 4% Bethlehem 94 94 94 9 4 Byers A M 10 94 10 94 Cruc Steel 17 McKeesport Tin. 344 334 344 34 Newton .... 24 24 24 ... Repub I&S 24 U S Steel 24 224 23V. 23'/* Vanadium 84 7 1 /! 84 74 Youngst SAT 64 Tobaccos— Am Sumatra 4 4 Am Tob A New. 544 524 54Vk 524 Am Tob B New. 56 4 53 4 55 4 534 Lig A Myers B. 454 424 454 ... Lorillarii 134 124 134 12 Vk Reynolds Tob.. 294 28 284 28 United Cig Vi % ‘/a % Utilities— Adams Exp ' 2Vk 3Vi Am For Pwr 34 3 3V* 3 Am Pwr A Li... 54 5 54 54 A T A T.. 754 714 744 734 Col Gas A E 1... 64 64 64 64 Com A Sou 24 2 24 2 Cons Gas 374 354 374 364 El Pwr A Li 3Va 34 3Vi 34 Gen Gas (A) 4 4 Inti T A T 54 44 5V* 5Vk Lou Gas A El.. 13 124 13 13 Natl Pwr A LI.. 84 84 84 84 No Amer Cos 17 16 17 164 ac Gas A El 284 20 204 204 Ptlb Serv N J 33 304 324 314 So Cal Edison.... 194 194 194 19 Std G A El 11 Vi 104 114 104 United Corp .... 5 44 44 4 s * Un Gas Imp 134 134 13 Vi 13 4 Ut Pwr ALA.. 24 24 24 24 West Union 17 154 164 154 Shipping— Am Inti Corp ... 4 34 4 34 Inti Mer M pfd ... IV* United Fruit 184 174 184 174 Foods— Am Sugar 21 4 20 4 214 204 Armour (A • 14 1% Beechnut Pkg 30 Cal Pkg 44 Can Dry 9 Childs Cos 14 ... Coca Cola 78 4 76 4 78 4 774 Cont Baking A.. 4 3Va 3% ... Corn Prod 304 284 30 Vi 29 Crm Wheat 154 Cudahy Pkg 25 Vi 26 Cuban Am Sug. 14 14 14- 14 Gen Foods 22 20 4 22 22 Grand Union 44 Hershey ... ... 454 Kroger 124 124 124 12V. Nat Biscuit .... 254 244 254 25 Natl Dairy 164 16 164 16 Purity Bale .... 6 54 54 6 Pillsbury 14 Safeway St 354 34 354 34 Std Brands 114 11 11 104 Drugs— Drug Inc 28 Vi 27 4 28 27 4 Lambert Cos ... 30 294 30 29 Lehn A Fink 10 Industrials— Am Radiator ... 4 34 4 4 Bush Term ... ... 34 Gen Asphalt ... 8 74 8 74 Lehigh Port 5Vi ... Otis Elev 11 10 11 104 Indus Chems— Air Red 364 344 36 344 Allied Chcm 49 4 46 4 48Vi 47 Com Solv 54 54 54 54 Dupont 26 4 244 25 4 25 4 Union Carb 174 164 174 174 U S Ind Alco ... 174 16'i 17 164
Net Changes
By l titled Press NEW YORK, July 15.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: Up. Allied Chemical 48% 1% American Can 3374 7 1 American Telephone 74% 1% Atchison 24 1% Auburn 51% 3% Case • 25% % Chesapeake & Ohio 11% 1 Consolidated Gas 37% 1 I Consolidated Oil 5% % ; Du Pont 25% ’ 4 i Electric Power 3% ... General Electric 10 % General Motors 9 % International Ttlephone 6% Loews Inc •.... U Montgomery Ward 5% % N Y Central „ i ( North American 17 % Pennsylvania 8% -a Public Service 32% 1% I Radio 4 Stan Oil Cal 20% 1 Stan Oil N J 26% % Texas Corp 10% % Union Carbide 17% % Union Pacific 33 2% U S Steel 23% % Western Union 16% 1% Westinghouse Elec 18% 1 Wooiworth 26% %
New York Bank Stocks
(By Thomson Sc McKinnon) —July 15Bid. Ask. Bankers 46‘ 2 48> 2 Brooklyn Trust 118 133 Central Hanover 91 95 Chase National 23'* 25'a Chemical 27' a 29' 2 City National 27 ! * 29** Corn Exchange 48 51 Commercial 90 94 Continental 12 5 14S Empire 15** 17 V* First National 895 995 Guaranty 188 193 Irving 14** 15 J Manhatten Sc Cos 17 19 Manufacturers 18 20 New York Trust 57 60 Public 16*. IS**
Retail sl*rm Assoc Drv Gds 34 3 Krcsge S S 84 8 84 74 Mav D Store... 114 104 11 .. Mont Ward 54 54 54 54 Penny J C 174 17 174 174 Sears Roe 13 124 13 124 Wooiworth 264 254 264 26 Amusements— Eastman K0d.... 36 37 38 4 37 4 Fox Film A 14 14 Grigsbv Gru ... 4 4 Loews Inc 164 IS 16 16 Param Fam 14 14 Radio Oorp 4 34 4 A R-K-O 2 4 2 Warner Bros 4 4 4 4 Miscellaneous— Airway Add Cltv Ice A Fu.. 13 12 13 124 Congoleum 74 Proc A Gam... 24 33 33 4 23 4 Allis Chal ... 54 5 Am Can 35 4 33 4 34 4 334 J I Case 26 4 24 4 25 4 24 4 Cont Can 214 204 214 214 Curtiss Wr 1 4 4 4 Gillette S R 154 144 154 15 Gold Dust 114 104 114 11 Int Harv 13 124 13 12 Int Bus M 614 584 614 60 Real Silk 24 24 24 24 Un Arcft 94 94 94 94 Tiansamerica .. 34 3 34 3
Chicago Stocks ” By James T. HamlU A Cos.
—July 15— High. Low. Last. Bendix Aviation 84 6 64 Borg-Warner 44 44 44 Butler Bros 14 14 IV* Cent 111 Securities pfd.. 5 5 5 Commonwealth Edison 24 14 24 Continental Chicago 1 4 4 Continental Chicago pfd 94 94 94 Cord Corp 24 24 24 Grigsby-Grunow 4 Vk 4 Harnischfeger 34 3% 34 Houdaille-Hershev IAI., 34 34 34 Middle West Utilities... Vk 4 % Perfect Circle 16 15 16 Public Service N P 294 28% 294 Quaker Oats 70 69 4 70 Quaker Oats pfd 964 964 964 Swift A Cos 124 12 124 Swift Internacional 204 19 4 20 4 U. S. Radio A Tel 74 64 74 Walgreen 9% 94 94
Produce Markets
Delivered In Indianapolis prices: Hens, heavy breeds, lie; Leghorn hens. 9c: broilers, colored springers. 3 lbs. and no. 14c; 2 to 3 lbs.. 12c: bareback and partly feathered. 10c: Leghorn ana black. 14 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. 14c: No. 2. 9c: No. 3. 7c. Butter —19 to 20c; undergrades. 18 to 19c: butterfat. 14c. These prices for healthy stock, free from feed. No sick poultry accepted. Quoted by the Wadley Company. By United Press NEW YORK, July 15.—Potatoes—Market, steady: Long Island. 75c®52.25; New Jersey. sl.4o'®lßo. Sweet potatoes—Market, quiet; Jersey, baskets, [email protected], southern baskets [email protected]; southern, barrels, 45c (S> $3.50. Flour—Market, steady: spring patents. [email protected] barrel. Pork—Market steady, mess $20.25. Lard —Market, easier: middle west spot $5.25®5.55. Tallow—Market, firm; special to extra 2%@2%c. Dressed poultry—Market, irregular; turkeys, 10® 29c: chickens, 14®27c; broilers, 14®23c; fowls. 10@19c; Long Island ducks, ll@l4c. Live Poultry—Market, quiet; geese, 7® 12c: ducks. 8® 15c; fowls, 13® 17c; turkeys, 10®20c; roosters. 12@13c; chickens, pullets. 16®24c.; broilers, 14@22c. Cheese— Market, quiet; state whole milk, fancy to specials, 18@21c; young America, 114® 134c.' By United Press CHICAGO. July 15.—Eggs—Market, firm; receipts 11,199 cases: extra firsts. 144® 15c: firsts. 134@144c; current 12®13c; seconds, 114 c. Butter—Market, firm: receipts, 13,113 tubs; extras, 184 c; extra firsts, 17@18c; firsts, 15® 16c; seconds 13®l#c; standards. 184 c. Poultry—Market, weak; receipts 21 trucks, fowls. 13c; springers, 17®18c; Leghorns, 10c; ducks, 9@114c; geese, 8@llc; tuprkeys, 10@12c: roosters, 10c; chickens, 15@20ic; Leghorn broilers. 13c; stags, lie. Cheese—Twins, 94® 104 c; Young Americas, 104. Potatoes —On track 411; arrivals 181:: shipment, 755; market, weak; Cobblers, 70@80c; Kansas Cobblers. 65®70c; Oklahoma Triumphs. 90c @sl. By United Press CLEVELAND. July 15.—Butter—Market, firm; extras, 224 c: standards, 22V4c. Eggs —Market, firm; extra firsts, 15c; current receipts, 14c. Poultry—Steady; heavy fowls. 1445.15 c; medium fowls, 15®16c; Leghorn fowls, 12®14c; heavy broilers, 17®21c; Leghorn broilers, 13®15c; ducks, 10rf512c; old cocks, 8@10c; geese, 7@Bc. Potatoes—No quotes. By l’nited Press CINCINNATI. 0.. Julv 15.—Butter, packing stock No. 2. 8c: No. 3.6 c; butter fat. 10® 12c. Eggs—Higher: cases included; extra firsts. 154 c; seconds. 12c: nearby ungraded, 134 c. Live poultrv—Thin and coarse stock sells only at heavy discount; fowls. 5 lbs. and over. 124 c: 4 lbs. and over. 114 c; 3 lbs. and over. 10c: Leghorns. 3 lbs. and over. 10c: roosters. 6c; colored broilers. 1 lbs. and over. 15c: 14 lbs. and over. 15c: 2 lbs. and over. 16@18c: frvers. 3 lbs. .and over. 19c; partly feathered, 10® 12c; Leghorn broilers. 1 lb. and over. 13c; 14 lbs. and over. 15c: 2 lbs) and over. 15c; black springers. 12c; ducks, under 3 lbs., sell at liberal concessions; ducks white 4 lbs. and over, 6c: under 4 lbs.. sc; colored 4 lbs. and over. 6c: under 4 lbs. sc: soring ducks white, 4 lbs. and over. 9c; under 4 lbs.. 7c: colored. 4 lbs. anad over. 9c: under 4 lbs.. 7c: turkevs No. 1 hens. 8 lbs. and over, 11c; young Toms, No. 1. 10 lbs. and over, 11c.
Foreign Exchange
(By James T. Hamill & Cos.) Open. dose. Sterling, England 3.54% 3.54% Franc, France 0392 ,o#l% Lira. Italy 0511% .0511% Franc, Belgium 1387 .1388% Mark. Germany .2371 .2373 Guilder, Holland 4028% .4026 Peseta, Spain 0802 .0802% Krone, Norway 1762 .1765 Krone, Denmark 1920 .1925 Yen, Japan 2775 .2780
Investment Trust Shares
(Bv James T. Hamill Sc Cos.) PRICES ARE TO 12 NOON —July 15— Bid. Ask. Am Founders Corn com 37'/a .50 Amer and Gen Sec (A) 12'/2 .50 Am Inv Tr shares 1.25 1.50 Basic Industry shares 1.00 Collateral Trustee shares (A) 2.12‘i 2.62 Vi Cumulative Trust shares.... 1.60 Diversified Trustee shar (A) 4.25 Fixed Trust Oil shares 1.25 Fixed Trust shares iAi 3.75 Fundamental Trust shar fA> 1.75 2.12*4 Fundamental Trust shar (Bi 1.8714 2.25 Leaders of Industry (A).... 1.87*4 Low Priced shares 1.25 Mass Inv Trust shares 10.00 11.00 Nation Wide Securities ... 1.50 1.80 North American Tr sharest 1.18 1.28 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 Cordp of Am Tr shares 1.50 Trustee Std Oil (A) 2.85 3.05 Trustee Std Oil )Bi 2.62*4 3.121 b U S Elec LI Sz Pow tA > 10.00 12.00 Universal Trust shares 1.20 1.33 Other Livestock Bp Times Special LOUISVILLE. July 15.—Cattle—Receipts. 150; steadv: bulk, common and medium grass steers and heifers. $4.50®6; good ; salable to $7.50; beef cons mostly $3.50 down; low cutters and cutter cows. sl@ I 2 25; bulls. $3 down; most light Stockers. ; $4(5 5. Calves —Receipts. 300; barely steady nith sorting: most discrimination on medium and lower grades; good and choice, $4<55; medium and throwouts, $3.50 down. Hogs—Receipts. 600: market 10c lower; 170-220 lbs.. $4.90: 25-255 lbs . $4.70; 260295 lbs.. $4.35; 300 lbs. up. $3.85: 140-165 lbs . $4.30; 135 lbs. down. $3.90: sows, $2.75 @>3 50; stags. $2.50. Sheep —Receipts. 1,500; supply light, quality only fair; market mostly steadv with spots 25c higher on choice kinds: bulk better lambs, $6; choice, $6 25(56.50: few. $6.75; medium grades, including bucks mostly. $5 down: throwouts. $3 50; fat ewes. sl4i2: breeding ewes. $5 per head down. Thursday’s shipments: Calves, 268; hogs, 274. and sheep. 1,224. Bp United Press LAFAYETTE. Ind.. July 15 —Hogs—Market. steadv. 10c off. 160-180 lbs.. $4.90: 180200 lbs.. $4 85; 200-210 lbs . $4.70; 210-225 lbs. $4 65; 225-235 lbs.. $4.60; 235-250 lbs., $4 50. 250-275 lbs.. $4 45: 275-300 lbs.. $4.35: 300-325 lbs.. $4.30: 150-160 lbs.. $4.50; 130150 lbs. $4 25; 100-130 lbs. $4: roughs. $3.75 down; top calves, $5; top lambs, steady. $5. New York Liberty Bonds —Julv 15 — 3' 2 s 101.7 First 4** s 101.22 Fourth 4'*s 102.9 Treasury 4*s 105.27 Treasury 3s 94. Treasury 4s 102.20 Treasury 3**s 100.23 Treasury 3Us 95.4 Treasury 3**s of 47... 98 24 Treasury 3Us of ’43, March 99 2 Treasury 3V>s of '43. June 99.5 Plumbing Permits George Rottman. 4249 Sunset, fifteen fixtures. Mason Sc Schenck. 527 North Noble; three fixtures. Charles Van Meter, 6102 Broadway; three fixtures.
THE INDIANAPOLIS TIMES
PORKERS MOVE OFF 10 CENTS AT CITY YARDS Cattle and Calf Markets Steady; Sheep Prices Unchanged. Hogs were steady to a dime lower this morning at the Union Stockyards, trade being rather slow.' The bulk, 120 to 350 pounds, sold for $4.50 to $5; early top holding at $5. Receipts were estimated at 3,500; holdevers were 1,024. In the cattle market better grade slaughter classes were steady, others weak to lower. Receipts were 400. Vealers were steady at $6 down. Calf receipts numbered 400. Little change was noticed in sheep. Receipts were 800. At Chicago hogs displayed a stronger tone, prices rising 10 cents over Thursday's average. Good to choice 180 to 200-pound weights brought $5.15; best held above $5.20. Receipts were 17,000, including 9,000 direct. Holdovers were 6,000. Cattle receipts were 2,500; calves, 500; market steady. ISheep, 8,000, steady. HOGS July. Bulk. Top. Receipts. 8. $4.80® 5.30 $5.30 6.000 9. 5.00® 5.55 5.55 1,500 11. 5.05® 5.55 5.55 5.000 12. 5.05® 5.55 5.60 6.000 13. 4.80® 5.30 5.30 6.000 14. 4.60® 5.10 5.10 5.000 15. 4.50® 5.00 5.00 3.500 Receipts. 3.500; market, lower. (140-160) Good and choice...s 4.70® 4.80 —Light Lights—-(l6o-180) Good and choice... 5.00 —Light Weights—-(lßo-200) Good and choice... 5.00 (200-220) Good and choice ... 4.90® 4.95 —Medium Weights—-(22o-2501 Good and choice... 4.80® 4.90 (250-2901 Medium and g00d... 4.60® 4.70 —Heavy Weights—-(29o-350) Good and choice... 4.50® 4.60 Packing Sows (350-500) Medium and g00d... 3.25® 4.25 (100-130) Slaughter pigs 4.50® 4.60 CATTLE Receipts ,400; market, steadv. Good and choice •. .$ 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® 6.50 —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, ccmmon ana medium.. 2.25® 3.00 CALVES AND VEALERS Receipts, 400; 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 . i 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. 800: market, steady. Good and choice $ 5.00® 6.50 Common and medium 3.00® 5.00 Ewes, medium and choice .... I.oo® 2.00 CuU and common 50® 1.00 Other Livestock By United Press CHICAGO, July 15—Hogs—Receipts. 17,000, including 9.000 direct; mostly 10c higher, packing s"ws steady to 10c up; 180-240 lbs., $5.05®5.15; top, $5.20; 250300 lbs.. $4.80®5.05; 310-360 lbs., $4.50® 4.85; 140-170 lbs., $4.75<§5.15; pigs, $4.35® 4.50; packing sows, $3.60®4.40; light, lights 140-160 lbs., good and choice, [email protected]; light weight, 160-200 lbs, good and choice, $5®5.20; medium weights, 200-250 lbs., good and choice, $56)5.20; heavy weights, 250-350 lbs., good and' choice, [email protected]; packing sows. 275-500 lbs., medium and good, [email protected]: slaughter pigs, 100-1,300 lbs., good and choice, $4.2564.85. Cattle Receipts, 2,500; calves, 500; slaughter steers and yearlings slow, weak to 25c lower; butcher she stock weak; bulls and vealers, steady; no choice steers offered, best around $8.40; slaughter cattle and vealers: steers 600-900 Tbs., good and choice, $7.5069.50; 900-1,100 lbs., good and choice, $7.506.9.50; 1.100-1.300 lbs., good and choice, $7.75®9.50; 600-1,300 lbs., common and medium. [email protected]; heifers, [email protected] lbs., good and 8.25; common and medium. [email protected]; cows, good and choice, $3.25®5.75; common and piedium, $2.75®4; low cutter and cutter, $1.75@3; bulls yearlings excluded, good and choice beef, $3.50@5; cutter to medium, $2,50®3.50; vealers milk fed good and choice, [email protected]; mefcm, [email protected], cull and cojnmon, s4®s: Stocker and feeder cattle; steers, 500-1,050 lbs., good and choice. $5.25®6.25; common and medium. [email protected]. Shee^ —Receipts. 8,000; most clases fairly active, jteady; throwout lambs unevenly lower in instances; desirable natives, $5.50@6 to pa'ckers; choice kinds absent; around 83 lbs., Idahoes, $6; slaughter sheep and lambs: lambs 90 lbs. down, good and choice, [email protected]; medium,[email protected]: all weights common, s3® 4.50; ewes 90-150 lbs., medium to choice, [email protected]: all weights cull and common, [email protected]. By United Press EAST ST. LOUIS. 111.. July 15.—Hogs— Receipts, 5.500; s®loc nigher; top, $4.95; bulk 150-220 lbs., [email protected]; 230-280 lbs., [email protected]; 100-140 lbs.. [email protected]; sows, $3.50®3.85. Cattle—Receipts, 1.000; calves, 700. Market, slow' in all classes and general trend, weak to lower; ten loads Oklahoma grass steers, steady at $5.85; not enough native steers to make a market; six yearling and heifers [email protected]; cows, [email protected]; low cutters, $1,256:1.75; top sausage bulls, $3: good and choice vealers, $5.50. Sheep—Receipts, 2,500; market opened steady: bulk lambs to packers, $5.75; top to sma! killers. $6: buck lambs $1 less; throwouts, $3; fat ewes, [email protected]. By United Press CINCINNATI, July 15.—Hogs—Receipts, 3,000. including 238 direct and through; somewhat slow, mostly steady; better grade 160 to around 225 lbs.. $5.25; 230-260 lbs., $4 90..5 generally: 260-300 lbs.. $4.65®4.80; 130-150 lbs., $4.65; sows. [email protected]. Cattle —Receipts. 700; calves, 500; slow, steady to weak with lower grade grass heifers. 25 ®soc or more lower; quality generally plain; odd lots, common and medium steers and heifers, $4.5066.50: one lot of medium dry fed yearlings, $7; for better kinds up to $7.50; beef cows. $2.75®3.75: bulk low cutters and cutter cows. $1.50® 2.50; better grade vealers steady, $5.506 6; lower grades weak, s3@!s. Sheep—Receipts. 2.000; steady: better grade lambs scarce: mostly $6.75®7; some held higher; common and medium, $466: plainer throwouts downward to $3 or below; fat aged ewes, sl6l-50. By United Press EAST BUFFALO. July 15.—Hogs—On sale, 3.400; fairly active; largely to packers; generally 30c under Wednesday’s average; good to choice. 160-220 lbs., $5.30® 5.35: 230-240 lbs.. $5.1565.25; plain light lights and pigs. $5. Cattle—Receipts, 175; slow, barely steady: grass steers and heifers. $5.25 6 5.60; cutter cow, $J.5062.50. Calves—Receipts. 550; vealers steady to weak; good to choice. $7.50: common and medium, $5 6 6.50. Sheep—Receipts. 1,500: lambs draggy: uneven. 25®75c lower; medium and lower grades off most; good natives. *6.50: few selections. *7; throwouts. s4@s; inferior kinds, $3.50 and below. By United Press TOLEDO. July 15 —Hogs—Receipts. 150; market steady. Cattle—Receipts. 40: market, steady. Calves —Receipts, light; market. steady. Sheep and lambs—Receipts, light; market steady. By United Press CLEVELAND. July 15—Hogs—Receipts, 1.000; holdover, none; mostly 10c lower, pigs and sows. 25c off; 150-230 lbs.. *5.25; 240-300 lbs.. $4.806 4.90: pigs, $4 75 for week; 25@50c lower; top. $5.75. CattleReceipts. 200; dull; clearance incomplete; grass steers. 25® 50c under high time; grain feds, steady to 25c down: few grassers. *565.50; cows. *264 mostly:for week; grass steers. 25®50c lower; others, steady, spots 25c higher; calves, receipts, 300; bulk better grades, steady. $7®J7 50: toppv quality; few choice higher; $8: common to medium. *56 6; few week: 50c65l lower. Sheep—Receipts, 500: steady; lambs, bulk *6 50 dow’n; top *6.75: throwouts. *4®s: grass yearlings. *4. throwouts. *2.50: for week. 25®50c lower; weeks top, *B. By United Press PITTSBURGH. July 15.—Hogs—Receipts, 1.000; market, mostly steady: 150-220 los.. $5.3065.50: 220-250 lbs.. *56 5.22: pigs, 54.75 65: packing sows. $363.75. Cattle— Receipts. 25; market, unchanged: medium to good steers and yearlings, quoted *66 8.25; good heifers. *6®7; medium to good cows. $364.25; calves, receipts, 100; market. steady: choice vealers. *7 downward; common to medium. *36 5. Sheep—Receipts, 800: market, steady: good to choice. 60-75 lbs. lambs. *6 6 6.75: common to medium grade, (3.2565; good wethers up to *2.75. By United Press FT. WAYNE. Ind . July 15—Hogs—Market. 15c off: Pigs, *4.60 (7 4.75: light lights. *4.75®4.90; lights. *4.90 6 5: mediums. *4.75 ©4.90: heavies. *4.6064.75; light roughs, *3.756 4; heavy roughs. *3.25 6 3 50; stags. 53.50® 3; calves. *6; ewe and wether lambs. *5.75; bucks, $4.75.
Bright Spots of Business
B United Pre*. NEW YORK. Julv 15—Crude rubber consumption bv American manufacturers in June amounted to 39.116 tons, against 29.197 tons in Mav. a gain of 34 per cent, the rubber manufacturers association reported. RICHMOND Va.—More than 5.000 workers in the tobacco industry returned to work after a ten-dav lav-off and an additional 600 will be put on next week. CHICAGO—Month to month raina In the number of passengers carried on United Air Lines transport unit of United Aircraft and Transport Corporation continues with more than 9.000 being carried during June. DANBURY. CONN—A real revival in Danbury’s hat industry was seen in announcement that the Davarl Hat Body Corporation will begin operations Monday, employing 100 workers.
Dow-Jones Summary
Great Northern Railway in Mav reported net loss amounting to *2.213.836 after taxes and charges, against net income of $2,809.866 in Mav. 1931: five months net loss totaled *9.602.463 against net loss of $2.098.276. American Telephone and Telegraph Company in six months ended June 30, 1932, showed net income of $75,099,345 after charges and federal taxes equal to *4.02 a -share on 18.660.970 average shares oustanding during the period, against $89,213,356. or $4.89 a share on 18.237.502 average shares in first six months of 1931, Gillette Safety Razor Company in six months ended June 30. earned $1.25 a common share, against 95 cents a share after special reserve and *1.55 before special reserve in like 1931 period: June, auarter earned 59 cents, against 66 cents in previous auarter and 43 cents a share after special reserve and 73 cents before special reserve In June. 1931. ouarter. Bank of France statements as of Julv 18, shows gold amounting to 82.741.000.000 francs, against 82.316.000.000 on Julv 1; circulation totaled 81.931.000.000 francs against 82.709.000.000 and ratio 76.30 against 76.11 per cent. Modine Manufacturing declared the regular quarterly dividend of 15 cents, payable Aug. 1, of record July 20. Household Finance Corporation in six months ended June 30. reports net profit of approximately $1,918,000 after all charges including offs for uncollectible loans and taxes: for first half of 1931 company reported net profit of $2,166,329. Illinois coal production during June amounted to 595,025 tons, against 512.883 tons in May and 2.744.859 tons in June, 1931; total output for first six months of 1932 amounted to 15,419.079 tons, compared with 21,932,799 tons in like period of year ago. Earnings of class 1 railroads, including seventeen switching and terminal companies as reported to I. C. C., show May net operating income of $11,950,652, against $41,699,648 in May. 1931: five months $99,495,674, against $189,86,373. Cuba Bailroad Company declared the regular quarterly dividend of $1.50 on preferred stock, payable Aug. 1, of record July 25. Market Street Railway in twelve months ended June 30, reported het, after ordinary taxes amounted to $1,088,194, but before depreciation, interest and federal taxes, against $1,325,041 in previous twelve months.
COPS HEAD IS HERO TO VETERANS
By United Press WASHINGTON, July 16. Brigadier-General Pelham D. Glassford, superintendent of Washington police, whose delicate responsibility it is to maintain order among the thousands of bonus party veterans, is both soldier and diplomat. Glassford has handled the veterans with a velvet glove instead of an iron disciplinary hand. He has been a general to police, a “buddy” to the veterans, and a “daddy” to the whole bonus army. Several times when food has run low in the bonus camps he has dug into his own pocket and bought supplies, although he is not rich. He is more popular among the veterans than are their own leaders. Whenever nervous policemen tend to be harsh with the men, Glassford appears to smooth things over. He is impartial to all, consequently, all factions in the bonus expeditionary army forces are friendly toward him. Glassford rides around on a regular police motorcycle as often as in his shiny eight-cylinder black roadster. He is about 6 feet 4 inches tall, and has a soldierly bearing. Some days he wears the police blue, others a quiet business suit. He is blond, with a prominent chin and blue eyes. He usually smokes a pipe and carries a pince nez on a black ribbon. He is fond of oil paintings and owner of a ranch in Arizona. He will be 49 years old on Aug. 8.
On Way Out
§s£3& x A.^^3SSskJ
Because their double duties are threatening them with physical breakdown, Eugene Meyer (top photo), governor of the federal reserve board, and Paul Bestor (below), farm loan commissioner, are to be relieved of their duties as directors of the Reconstruction Finance Corporation. The senate has agreed to President Hoover’s proposal to appoint two other Republican directors to replace them.
STRONG CABLE NEWS FORCES WHEAT HIGHER Close Is Fraction Higher After Day of Uneven Changes. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, July 15. Selling slackened perceptibly after the early splurge that drove wheat to new low levels for all dell.’ries on the Board of Trade today, and after the market recovered, it held around the previous close the rest of the session. The best prices were established at the opening on the upturn due to the strength at Liverpool. July touched 45 cents early, nearing the record low figure of 44% cents set last fall. Corn acted strong and held fractional gains the greater part of the day. Oats was very dull and around steady while rye followed wheat closely. Close Is Higher At the close wheat was % to % cent higher, corn was % to % cent higher, oats % cent lower to % cent higher and rye % to % cent higher. Provisions were steady. Liverpool held steady at % to % cent lower despite the weakness here Thursday, due to the light Argentine shipments. The market was nervous and easily influenced early. The southwest movement increased. Cash prices were 1 to 2 cents lower. Receipts were 135 cars. Corn Options Steady Corn was steadier than wheat and moved upward on moderate support. Offerings were light and when wheat rallied, the prices advanced to % to % cent above the previous close. Bookings were 94,000 bushels and shipping salqs totaled 50,000 bushels. Cash prices were unchanged. Receipts were 57 cars. Oats followed corn although price changes were of little consequence. The undertone was firm. Rye rallied with corn and was up % cent early. Shipping sales of oats were 42,000 bushels. Cash prices were unchanged to % cent lower. Receipts were 68 cars. Chicago Grain Table WHEAT— ~ Julv 15 ~ pr#v Open. High. Low. Close, close. JulyOld. .45'/a .45% .45 .45% .45% New .45 % 1 .45% .44% .45% .45% 56 Dt.— Old. .48 .48% .47 Vi .47% .47% New .48 .48 .47% .47% .47% Dec... .51% .51% .50% .51% .50% CORN—- £} Iv * * -22 ft -H* ' -30% .30% .30'/* Sept.. .32% .33 .32% .32% .32 Dec... .32% .33 .321* .32% .31% OATS— July .18% .18% .18% .18% .18% Sept,.. .19% .19% .18% .19% .19 Dec... .21% .21% .21% .21% .21% RYE— July.. .28 % .29% .28 Vi .29% .28% SPDt.. .30% .31% .30% .31% .30% Dec... .34% .34’, .34% ,34% .34 LARD— July 5.07 5.07 Sept.. 4.97 4.97 4.97 4.97 4.97 0ct,... 4.92 4.92 4.92 4.92 4.92 Jan... 4.57 4.62 4.57 4.60 4.65 BELLIES— July.. 5.95 5.95 5.95 5.95 6.05 Sept.. 5.87 5.95 5.87 5.95 5.96 By Times Special CHICAGO. July 15.—Carlots: Wheat, 139; corn, 63; oats, 59; rye. 2, and barley, 1. By Times Special CHICAGO. Julv 15.—Primary receipts— Wheat. 1.731.000 against 4,163,000; corn. 223.000 against 414.000: oats. 226.000 against 114.000. Shipments—Wheat. 765,000 against 2.829.000; corn 779.000 against 226.000; oats. 125.000 against 64,000. By United Press CHICAGO. July 15.—Cash grain close: Wheat—No. 2 red. 47'2®48c; No. 5 red 46c: musty. No. 2 hard. 47%®48c; No. 2 vellow hard. 47%c: sample grade vellow hard. 45%c: No. 2 Northern. 48%c: No. 1 mixed. 47%c: No. 2 mixed. 47%@47%c: No. 3 miexd. 47c. Corn—No. 2 yellow. 33 ®33%c: No. 3 yellow. 32%c: o. 2 white. 33%®33%c; No. 4 white. 32%c. Oats—No. 2 white. 19%®21c; No. 3 white. 18%@20c. R.ve—-No. 1. 35'/zc. Barley—2B®3Bc. Timothy—[email protected]. Clover—s7® 12.50. By United Press TOLEDO, July 15.—Cash grain close, grain in elevators, transit billing: Wheat —No. 2 red. 45%@46%c. Corn —No. 2 yellow. 35%@36%c. Oats—No. 2 white. 23® 24c. Rye—No. 2. 36%@37%c. Track prices. 2."% c rate: Wheat—No. 2 red. 40% ®4lc: No. 1 red. %c to lc premium: No. 3 red. V to 2%c discount: No. 4 red. 2c to 4c discount. Corn—No. 2 vellow. 31® 32c; No. 3 vellow'. 30®31c. Oats—No. 2 white. 20®21c: No. 3 white. 19®20'-2C. Butter—22c. Elggs—l4%®lsc. Hay—Boc per cwt.
Cash Grain
—Julv 15— The bids for car lots of grain at the call of the Indianaoolis Board of Trade, f. o. b.. shitmine noint. basis 41 %c New York r ate. were: Wheat—Steadv: No. 1 red. 36®37c: No. 2 red. 35®36c: No. 2 hard. 36®37c. Corn—Steadv: No. 2 white. 23@24c: No. 3 W'hite. 22®23c: No. 2 vellow. 23®24c; No. 3 vellow, 22@23c: No. 2 mixed. 22®23c: No. 3 mixed. 21®22c. Oats —Steadv: No. white. 15®16c: No. 3 white. 14%®15%c. Hav—Steadv: (F. o. b. country noints taking 23%c or les srates to Cincinnati or Louisville.) No. 1 timothy. [email protected]: No. 2 timothy. $6®6.50. —lnspections Wheat—No. X red. 12 cars; No. 2 red. 33 cars; No. 3 red. 15 cars: No. 4 red. 1 car; No. 3 hard. 1 car; No. 1 mixed. 3 cars: No. 2 mixed. 1 car Total. 66 cars. Corn —No. 3 white. 2 cars; No. 2 vellow. 5 cars: No. 3 vellow. 1 car. Total. 8 cars. Oats—No. 2 white. 6 cars: No. 3 white. 6 cars. Total. 12 cars. Marriage Licenses Robert Grant James, 38, Louisville. Ky., salesman, and Ruth Thorpe Ehrler, 28. Severin, sales clerk. Nathan B. Blackschleger, 21, of 44 East Rav street, automobile salesman, and Frieda Alboher, 18, of 1246 Union street. Kenneth V. Jones, 23, of 426 South Addison street, garage worker, and Catherine E. Kizzee, 18, of 1103 English avenue. Vernon E. Vogel. 25. of 5541 East Washington street, baker, and Lola M. Roberts. 20, of 61 South La Salle street, cracker packer. Fred W. Winkelmeier, 24. of Route 4, Box 615. gardener, and Marv Lydia Baumann, 21. of Route 4. Box 611, saleslady. Carl Lvman, 34. of 2028 Central avenue, manufacturer, and Miriam Lee Solar, 32, of 3540 College avenue, reader. Teetotaler Reaches 100 COLEMAN, Tex., July 15.—T. A. Burns, who celebrated his 100th birthday this week, today laid his longevity to his life-long shunning of tobacco and intoxicating liquors, and the avoidance of the use of profanity. NEW YORK COFFEE RANGE —Julv 15— „ . Hieh. Low. Close. March 5.85 Julv 6.44 6 27 6.27 Seotember 6.07 5.97 5 97 December 5.91 5 88 5.86
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.JULY 16, 1932
GOVERNMENT: Congress of the U. B. Judicial System of U. ft. Postal Service, ths U, ft. Presidency President's Cabinet White House HEALTH AND BEAUTY* Care of the Feet Care of th* Hair Car* of the Skin Care of the Teeth First Aid for Vacationists Increasing Your Weight Keeping Youth and Beauty Marriage and Happiness Perfumes and Cosmetic* Personality and Charm Prenatal Care Reducing Parts of the Body Reducing Your Weight Swimming HISTORY: American Airmen In World War American War* Census of 1930 Constitution, History of U. ft Countries of Europe Famous Assassination* Famous Buildings Flag, History of the U. ft. Genealogy History of Marriage How the U. S. Grew Marine Disasters Names, Indian Names, Meanings of Given National Anthems Origins of Etiquette Political Party Convention Presidential Inaugurations States of the Union Stock Market Surnames, Meanings df Values of Old Coins Words That Made History World War, Part L World War, Part II HOME ECONOMICS: Automobile Camping Budgeting Household Accouns* Care of the Family Auto Care of Clothing Earning Extra Money Embroidery Btitches Floors, Care of Furniture, Refinishing and Care of Home Convenience* Home Financing Household Hints Household Measurements Interior Decorating Laundering Investment Advice How to Own Your Horn* Lampshades, How to Make Painting Around the Home Plumbing Repairs In the Home Polishes of All Kinds Safety for the Household Stains, Removal of Waterproofing Cellars Whitewash LAWS: Auto Laws of the U. 8. Citizenship and Naturalization Copyrights and Trade Marks Immigration Laws Marriage Laws of the State* Patents, How to Obtain MYTHS, PUZZLES, OCCULTISM: Dreams, Meaning* Ot Fact and Fancy Flowers, Meaning* of Fortune Telling by Card* Gems and Precious Stone* Horoscopes for a Year Mathematical Puzzles Mythology Palmistry Puzzling Scientific Facts Superstitions and Delusions PESTS: Ants, Exterminating Bedbugs Cockroaches Moths and Their Control Rats, Exterminating SCIENCE AND AVIATION: Airships and Dirigibles Amateur Photography Astronomy, Popular Batteries Electricity Evolution, Pro and Con Gliders Great Invention! How to Become an Aviator Largest and Smallest Thing* Polar Explorations Psychoanalysis Simplified Radio Development Seven Modem Wonders Story of the Zeppelins Story of Motion. Pictures Weather and Climate
