Indianapolis Times, Volume 44, Number 82, Indianapolis, Marion County, 15 August 1932 — Page 9

AUG. 15, 1932

SALES VOLUME OFF AS STOCK MART RALLIES More Active Operations in Steel Plants Noted; Oils Firm.

Average Stock Prices

Avarsge of thirty industrials for Batnrdav, nigh 64,32. low 60 30. last 63 19, up 03 Average of twenty rails 26 19. 24 36 25 54 off 74. Average of twenty utilities 27 71. 25 97. 27 03. off 02. Average of forty bonds 78 80. off 32. BY ELMER C. WALZER United Pres* Financial Writer NEW YORK, Aug. 15.—The stock market resumed Its advance today but with volume lighter than last week. Steel common led the recovery, rising to 38 at the opening and then mounting toward 38. against a previous close of 37’;;. Auburn Auto was at 64’ .. up 14: Union Pacific- 63 4. up 14; Du Pont 34. up 14; Consolidated Gas 53 4, up 4; Standard Oil of California 264, ex-dividend, up'l4; National Biscuit 37, up 4. Fractional advances were noted in a long list of issues in all divisions. Copper shares as a group slipped hark fractionally. Oils were firm as were mercantile issue. Rails were in fair demand. American Telephone opened at 105, unchanged, and then moved up to lOfi i. Other leaders ruled firm In the early dealings. Week-end news contained little to a fleet the market. Slightly more active operations in the Youngstown district was considered highly favorable for steel shares. The magazine Steel found little change in operations, but continued optimistic.

Bank Clearings

INDIANAPOLIS STATEMENT —Aug. 15— fir ring* *1 Debits 4.243.000.00

New York Curb Market

(Bv Thomson Ac McKinnon) . - Aug. 15— 11 00 U 00 Alum Cos of Am 50 Hudson Bay ... 2^ Am Cvnamld 4 Imp Oil of Can 8 Am Gas * El 28 Int Pete 10 1 , 4 Am Sup Pwr. • 4 Instill Ut Ark: Oas (A* 2 Mt Prod 4 ♦ aJso Om A- El 3% Nla Hud Pwr... 13% Cnn Marconi.. I'iPcnroad .••••■ * * Cent S's F.lcr . 2 St Regis PPfl j; Cities Service.. 4 7 s So Penn Oil ... 14 * Coni Edison ... 75% Std of I . nd 4 r or fi 3 1 i Trans Air Trans 3 Derre <fe Cos 12 United Gas -At 2 El Bd Ac Share 18% Un Lt * Pwr.. a j Ford of Can . 7% Ut Pwr .N. 2 CfOldman Snehß 2’ Un Fndrs 1 2 Gulf Oil 35%

Foreign Exchange

(Bv James T. Hamlil <te Cos t —Aug. 15 —• Open. Sterling. England 3 naq?% Franc. France Lira. Italy Y,li 2 Franc. Belgium Guilder. Hollruid 4026 Peseta. Spain "4*l Krone Norway ii2£ Krone. Denmark

Net Changes

flu l nitrd Press NEW YORK. Aug. 13.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange are as follows: . OS. up. Allied Chemical 71 2 Amer Can (unchanged) ... 50% •• ■ ••• Amer Telephone 105 } * ••• Atchison 42 } * Auburn Vct i Beth Steel J” * , 4 Du Pont J-.’s 1 8 •; " National Biscuit 36% ... New York 2 "* '* Tenn R R J 2 1 " ; Pub Service 43 , ... I Union Carbide 2;,% ... s Union Pacific 62% l- ... U. 8. Steel ■ • 3' % ... Westlnghou.se (unchanged! 31% ... .. . Wooiworth 33-4 ... Western Union 30% ...

New York Bank Stocks

(Bv Thomson A- McKinnoni —Aug. 13— Bid, Ask. Bankers 55 *} Btooklvn Trust ISO 19’ Central Hanover 123 12. Chase National 32 34 Chemlral 36 38 Citv National 40 42 Corn Exchange 58% M% Commercial 120 121 Continental 15 '] * Empire 23% 21% First National 1.320 1 420 Guaranty 263 2,0 Irvine 1?% 20% Manhatten A- Cos 25% 2^% Manufacturers 25% 2i% New York Trust 86 Public 26 28 Title 40 43

In the Cotton Markets

CHICAGO Aug. 13 7 BO 7 47 7 60 January 7.60 747 760 llirth 7.75 7.61 May 7.86 7 75 7 88 October 7.36 7.32 7.25 December 7.54 7.38 7.50 NF.W YORK January 7.56 7.35 7 54 5’ ' 0 " 70 7 50 7 60 Mav 7 80 7.64 7 81 J’dy 797 775 794 October 7 30 ‘ 30 December 7 49 7.29 7 46 NFW ORLEANS January .. 750 7.35 750 March 7.67 7.50 7 67 Mav 7 79 7 63 7 77 July 7 90 7 77 7.90 October 7.28 7 10 7 28 December 7.45 7 27 7.45 Chicago Stocks Opening (Bv James T Hamtll * Cos t Aug. 15 Asso Tel Util... 2 Insult 6s 40 ... 3'a Rendlx Auation 9 Middle West . ’a Borg V.'arner . 9 Nob Sparks . 15 1 a Cities Serv 4 T Swift A Cos . 12 1 a Cord Corn S', U 8 Rad A- Tel 10*a Grigsby Grunow l’j Other Livestock l'<i I'nitfl Prea# EAST BUFFALO, Aug 15.—Hoys On sale 4.500. active mostly to packers: steady to 5c under Friday's average, good to choice. 100-210 lbs . $5 40b 545 mixed offerings $5 15ft 5 25: 220-250 lbs, 15'a5!!. 229-250 lbs ss'<i 5 25: 260-300 lbs. $4 40 b 490 pigs. 55 Cattle—Roceipts, 116 50 marvel rs active than early, but getiera“v s;ead\ aood to choice steers and yeai'.tr.e- 8 25'-: 8 8'- three loads. $9.35 and $9 50 hid on choice medium weight steers plain kinds and short feds. s<6 8 heifers. *7 85 freshly grassers, $5.75b 6 50. common steers and heifers. *4.2s’tS fi't -! draggv. $3 50 ,5: cutter to grades $15072 75 Cal's Receipts. 750 veaers fully steady $7 50 and down. Sheep -Receipts 5 50C lambs unchanged: demand fair, good to choice mostlv ewe and we’her lambs moderately sorted $6 50 b cks 55 50 throwouts *4.504,5: sheep s’rong to 25# or more higher;- handi weight ewes. *34,3 50 In the Air Weather conditions at 9 a. m.: East-southeast wind, six miles an hour; temperature. 76: barometric pressure. 30.10 at sea level; celling, scattered clouds, smoky, unlimited; visibility, 4 miles.

New York Stocks — ———————

—Aug 18— Prev Railroad*— High Low 11 00 clow Atchlaon 434 424 42% 424 Atl Coast Lina . 20 19 Balt A- Ohio 114 104 114 104 Cne* <fc Ohio 204 194 204 194 Chesa Corp ... 1J 12 13 . Cun P*c 124 124 124 124 Chi Grt West *4 Chi N West C. R I A: P 64 * Del LA- W .. 174 I*4 I*4 174 Dei Ac Hudson s ®, a Erie *4 Erie Ist pfd Great Northern 14 134 H } 2 a Illinois Central.. 114 114 H a }*'• Mo Pacific 44 44 4% 44 Mo Pacfic pfd ••• ,* Nickel Plate .... .. , * NY NH Ac H I*4 154 164 15w Nor Pacific 174 1* • 1* J" 4 Norfolk Ac West 91 > 3 90 3 O A: W .. ■ ■ •• 74 Pennaylvama 13% 13 13 a 13 Reading . 29 ,, Seaboard Air L . ■■ ••• ••• v * 80 Pacific I*4 17 17 16 a Southern Ry 94 9 < 9 . 8 Paul • . 2 a Si Paul pfd 3 2-% 2a 3 St L Ac 8 F . ■ • • 24 2‘a Union Pacific ..64 4 63 64 62 a Wabash . 2 4 24 W Maryland A a 44 West Pacific 3 a Equipment*— Am Car Ac Fdy 8 Am Loeomotive 74 Am Steei Fd 74 Am Air Brake 8h 124 Gen Am Tank 16 Ge.ieral Elec .. 164 164 164 ... Gen Ry Signal 14 14 Poor & Cos •>% Press Sti Car ... ... 24 Pullman ... . • I*4 Westingh Ar 8.. . ... 15 144 Wcstingh Elec.. 32 4 314 314 ... Rubbers— Fnestone * 12 4 Fisk 4 4 Goodrich . • 54 54 Goodyear 16 154 16 Kelly Sprgflcl 14 Lee Ruboer ... ... 3 U 8 Rubber 44 44

Motor*— Auburn 65 64 65 63 Chrysler 13 124 124 12 Genera! Motors. 134 134 134 124 Graham-Paige.-. 24 Hudson ... ... 64 Hupp . 34 3 Mark 184 134 134 18 Marmon ... 14 14 Nash 144 144 144 14 Packard 34 3'/2 34 34 Peerless ... 14 Reo ... 2 4 24 Studebaker .... 6 54 6 54 White Mot 114 Yellow Truck 34 34 Motor Acres*— Bendix Aviation 84 84 84 9 Borg 'Warner... 9 4 9 9 9 Briggs 54 54 Budd Wheel 2 4 24 Eaton ... .. 54 El Auto Lite 164 16 164 I*4 El Storage B 264 Honda 2 Motor Wheel 44 Murray Body 4 Sparks-W 24 Stewart Warner .. ... 5 4 5 4 Tlmkin Roll 154 154 Mining— Am Smelt 16 4 154 16 154 Am Zinc 34 Anaconda Cop.. 84 A 4 84 84 Alaska Jlun 114 114 114 114 Cerro de Pasco.. .. ... ... 104 Howe Sound * ... 34 84 Int Nickel 7% 74 74 74 Isl Crk Coal 15 Kennecott Cop.. 10 94 10 10 Magma Cop 54 .. Miami Copper.. .. * 34 Nev Cons ... .. 5 Noranda 164 164 164 164 Texas Gill 3u1.. 204 204 204 194 U S Smelt 18 174 18 174 Oils— Atl Refining 174 17 174 174 Ha rnsdall ... ... 54 Houston ... 34 34 Sbd Oil 144 14 14 144 Mid Conti 7 7 Ohio Oil ... 10 10 Pan-Amer 181 .. . . ... ... 9 Phillips 64 64 64 4* Pure Oil 5 4 Roval Dutch ... 20 ... Shell Un 64 64 6% 64 Simms Pt ... 64 Cons Oil 8 Standard of N J 334 324 324 324 Soc Vac 11 10% 11 104 Texas Cos 15% 144 154 ... Union Oil 12% Steel*— Am Roll Mills 94 ... Bethlehem 17 164 17 184 Byers A M 144 144 144 144 Ludlum 44 McKeesport Tin 44 4 44 44 4 44 Midland .. ... .. 54 Repub I Ac 5... 54 54 54 54 U S Steel 38 4 374 374 374 Vanadium 164 15% 15% 154 Youngst S Ac W 74 Tobaccos — Am Sumatra ... ... 6 Am Tob 1A 1 new . . ... ... 72% Am Tob (Bi new 754 74 744 73 4 Con Cigars .. 9% . . Lig A- Myers <B| 5.3 4 524 524 53 Reynolds Tob 334 United Cig ... ... 1 Utilities— Abitibi .......... ... 14 ]% Adams Eiui 5 44 5 44 Am For Pwr .. 94 84 9 84 Am Pwr At LI.. 9% 84 84 84 A T Ar T 107 105 106 105 Col Gas At FI 134 124 124 13 Com At Sou 34 Cons Gas 534 524 524 ... El Pwr Ac Li... R 4 84 84 8% Gen Gas A 2 14 2 1% Inti T Ac T. ... 10 94 94 94 Lou Gas At El.. . 17 Nall Pwr A- LI.. 134 13% 134 124 No Airier C 0... 27 264 27 264 Pac Gas At El ... 274 Pub Spt N J... 44 43% 43' 2 434 So Cal Edison. ... 25% 254 Std G Ac El ... 174 17 17 United Corp... 9 84 84 84 Un Gas Imp.,. 174 174 17% 174 Ut Pwr ALA 54 54 54 . West Union 314 30 30 30% Shipping—--9m Inti Corp.. 84 BV g 84 9 N Y Ship 3 United Fruit 244 234 Foods— Am Sug 274 274 Armour A 2 1% 14 p, Can Dry 12 12 Coca Cola ... ... 941, Cont Baking A .. . . ' 5 ' Corn Prod ‘39s, 3 gs, Cuban Am Sug.... ... 2 Gen Foods 26 4 '264 Grand Union gi, Hershev 53 53 Kroger 154 H% 144 14% Nat Biscuit 3g 1, Natl Dairv 20% 20 20% 19% S'fway St . ... 47 46% 47 464 3td Brands 144 14% 14% 14% Drue*— £ otv Die 3% 3 4 34 3 4 Drug Inc 40 Lambert Cos 37 *7l, Lehn A- Fink .... ... . 17% Industrials— Am Radiator ... 8 74 a n\ Bush Term 7 * Gen Asphalt ii 11 E > rv 164 16% u en 2 j 7 Indus Chcmn— Air Red 59 Allied Chem .... 724 71 71 ‘7l Com Solv 94 8% 9 94 R". Pon ‘ 34 38 334 32% Union Carb ... 234 ’2 2' 1 4 221. US Ind Aim 264 264 264 26% Retail stores— Assoc Dry Ods c Gimbe! Bros ' **’ 01, Kresge S S 'i6% 104 May D Store.. 144 13%. 13% Mont Ward 104 10% 104 10

Produce Markets

Delivered in Indlananolts nrtees: Hens heavy breeds. 12c: Leghorn hens. 10c: lor ,'L d wringers 3 lbs and up. 14c l’i lbs. up. 13c; bareback and nartlv feathered 10c- Leghorn and blarx 1 2 lbs and up. Ilex cocks and stags. 6c; Leghorn cocks. 4c Ducks iarce white fu feathered and fat. 6c; small, 2e. Geese full feathered and fat. 4c. Young and old guineas. 15c Eggs —Approved ouvina grades of Institute of American Poultrv Industries—No 1 16c; No 2. 10c: No. J 7c Butter—l 9to 20c: undergrades 18 to 19c; butterfat I4c These ortce* tor hea thv stock, free from feed No sic* poultrv accepted Quoted bv the Wadlev Companv It a t nil ft Prrttt NEW' YORK. Aug. 15.—Potatoes-Mar-ket. dull: Long Island 65c551 75 per barrel: New Jersev. 75c4i*1.50. Sweet potatoes—Market, dull; southern baskets 4047 75c; southern barrels. 75c4?52 Flour Market, dull; soring patents. $4.05W 435 Pork—Market, dull: truss. S2O 25 per' barrel Lard—Market, easier middle west spot. $5,154,5 35 per 100 lbs. Tallow Market. quiet: special to extra. 2 , £3'*c. Dressed poultry- Market, steady; turkevs. 10 U 25r: chickens. 12@26c: broilers 14 r f j 25r: fowls. 104?20e: Long Island ducks. 12 ", 14c. Lite poultry- Market. steadv; geese. 74,12 c; ducks, Bal6c: fowls. 12Vi 18c: turkeys, 104718 c; roosters. 10cchickens, pullets, 18fi22c: broilers. 144, 7-e. Chee'e—Market firm; state whole milk fanev to special. 135721 c; voung Americas, lS'aeiTc. ft li t nitrd Prrtt CHICAGO Aug 15. Eggs—Market, steady;receipts. 8.580 cases; extra firsts. ‘,c: nrsts. 16'4C. current receipts. 22-*i 14 1 ,c seconds. 154717 c Butter-Market, unsettled receipts. 12.273 tubs: extras. 19c; extra firsts. 1847 1 B'.-c: firsts. 1747 J,' *c: seconds. 1516 c. standards. 19'c. Poultry—Market , about steadv; receipts. 1 car 15 trucks: fowls. 14'ac; springers. springers 14c: Leghorns. 12c: ducks lln!2>ic: geese. 94,11 c: turkevs. 10t712c roosters. 9c: chickens, 12Vf7i3'jc: Leg-ho-n broilers. 12>.r Cheese-Twins. n“ 2 4,12 c voung Americas. 12',4712'.-c Potatoes—On track. 231: arrivals 97; shipments. 2*9: market, steady: Kansas cobbers, 654r75c: Nebraska cobblers, 75@85c: Wisconsin cobblers 704180 c; Idaho trtimnhs, *1.25; M'anesota Earlv Chios. 70 hi 75c. CLEVELAND. Aug 15—Butter—Market weak: extras. 19c: standards. 19'sc Eggs Market, firm; extra firsts, 17c. current receipts. 15c; extras. 19c. Poultry—Market, steady; heavy fowls. 144,15 c; Leghorn fowls. 1147 12c; heavv colored broilers. 15$i 16c heavy rock broi'ers. 154ri7c: Leghorn broilers. 134,14 c; ducks. 10tt2c; old cocks. Ifltillc: Young geese 106712 c Potatoes— Oh*p 100 lb s?ck United States Cobb'rs No. !. few. $1.10: Ohio and New York. 656 70c ,er bushel sack.

Pennv J C 20% 19% 204 20 Sears Roe 204 30 204 194 Wooiworth 33% Amusements— Crosiev Radio 4 34 Eastman Kod.. 50 48% 49 4 49 Fox Film 'A . 3% 3'. 34 34 Grigsby Grunow ... 14 14 Loews Inc 26 234 26 28 Parßrn Fam .... 44 44 44 44 Radio Corp 74 7% 74 74 R-K-O 4% Warner Bros 24 24 Miscellaneous— City Ice A Fu 14% Congoieum ... 10% 10 Proc A Gam 31 30 30 30 Allis Chal 104 10 10% 104 Amer Can 514 50% 50% 504 J I Case 48 4 46% 48 4 46 Cont Can .. 274 27' j Curtiss Wr 14 14 14 1% Gillette SR. 40' j 19’ 2 20 194 Gold Dust 15 154 Int Harv .. 28% 274 28 . 274 Int Bus M . ... 83'y 82 4 83 % 83 Real Stlk 5% Un Aircraft ... 134 13 13% 13% Transameriea 5% 5% 5% 5%

NEW WATERWAY HELD BOON FOR HOOSIER TRADE Freight Rate Benefits Seen for Shippers Up Route of St. Lawrence. Indiana farmers will receive greater benefits than will other exporters from the St. Lawrence waterway project, recently approved by treaty bteween the United States and Canada, in the opinion of local shippers. The Great Lakes-St. Lawrence ship canal was long opposed by powerful exporting houses in Atlantic seaboard cities, and by railroads which haul freight from inland states to the sea. The treaty still is to be ratified by the senate. In addition to lower freight rate benefits, industrialists point out that the water way project will be a boon to northern Indiana. Points on Lake Michigan will be key places for waterway shipments. Expect Business Gain According to data compiled here, several eastern real estate and commercial firms have been looking over the territory on the basis that increased business will result.. The waterway project will not exert its fullest influence on Indiana and the middle west for about five years, it is estimated. No figures are available on the amount of export trade from Indiana, and from Indianapolis in particular, through Baltimore. However, the freight rate is cheaper from Indiana points to the Maryland port than to any other Atlantic port. * This means that Hoosier shippers now bill their products through Baltimore wheneever possible, since the rate to Europe is the same from all ports. Would Hurt Baltimore “The proposed canal almost would kill business in a port like Baltimore, so far as Indiana trade is concerned." said B. Coapstick. traffic manager of the Indiana State Chamber of Commerce. Local railroad ' officials, however, differ from Coapstick's view. “While the canal, if it is completed, will divert much traffic from the railroads and from the eastern seaboard, certain products which must have dispatch shipments will not be affected by the new outlet to Europe." they say. The Baltimore Association of Commerce sends a representative to Indianapolis twice a year to point out to local exporters the advantages of shipping through the Chesapeake bay city.

Chicago Fruit

By Uni led Pres* CHICAGO. Aug. 15.—Apples—Illinois and Michigan Yellow Transparents bu„ S2.SO'S. 2.75. Cantaloupes: western erts.. $1.50. Melons—California Honev Dews. $1.75(§>2; Honey Balls,* sl.7s'??' 2.25. Blueberries— Michigan. 16-pt.. $1.75®2.50. Peaches— Georgia Albertas. $1.50. SAVINGS' BANKTiFE" INSURANCE SUCCESS Twenty-One Massachusetts Banks Part of System Aiding Public. By Scripps-Hoicard Sewgpaper Alliance BOSTON, Mass., Aug. 15.—Savings bank life insurance has just celebrated completion of twentyfour years’ successful operation in this state with the proud boast that while 35.61 per cent of the policies written by commercial life insurance companies during 1931 lapsed, only 1.24 per cent of its policies met a similar fate. Savings bank life insurance was established in Massachusetts by Louis D. Brandeis, now associate justice of the United States supreme court, as a constructive protest against the cost of commercial insurance and particularly that written on the weekly premium plan, for workers with meager incomes. Twenty-one savings banks in the state now are part of the system, and 110 others act as receiving stations. Insurance is sold over the counter to those applying for it. The net cost averages 26 per cent less than the average net of insurance companies on ordinary policies and 50 per cent less than the average net of weekly premium policies. AIDS INDIANA BUSINESS U. S. Commerce Branch Here Successful Questionnaire Reveals. Indiana and western Ohio firms have gained approximately $2,018,000 in foreign business as result of aid given by the local department of commerce branch since it was opened four years ago. according to Kenneth H. Dame, branch manager The gain is based on replies to a questionnaire sent out by Dame to firms given information. Responses were received from about 15 per cent of those queried. STATE BANKS MERGED I Two Lafayette Financial Institutions Joined Into One Company. By United Pregg LAFAYETTE. Ind., Aug. 15.—Two Lafayette financial institutions, the National Fowler bank and the City Trust Company, were merged today into the Fowler Bank-City Trust Company. Officials explained the merger was brought about in the interest of economy. Burr S. Swezey, formerly with the City Trust Company, will be president of the merged bank.

THE INDIANAPOLIS TIMES

PORKERS SHOW SMALL GAINS AT CITY YARDS Cattle, Calves Hold Steady in Listless Trading; Sheep Firm. Trend in hogs at the city yards this morning was steady to 5 cents higher. Weights from 160 pounds up showed most of the upturn with underweights unchanged. The bulk, 120 to 325 pounds, sold for $4.20 to $4.95; early top holding at $4.95. Receipts mere 5.090; holdovers, 255. The trend in cattle was steady, nothing attractive on hand to influence prices. Receipts were 700. Vealers were steady at $6 down. Calf receipts numbered 300. Sheep held unchanged at $6.50 down. Receipts were 1,300. Chicago hog market was slow, a few early bids about steady with Friday's average. The bulk of 200pound averages was bid in at $5; best kinds held at $5.15 or above, while 280 pounders were bid at $4.50. Receipts were estimated at 28.000, including 11,000 direct; holdovers 1.000. Cattle receipts numbered 13,000; calves, 2.000; market steady. Sheep receipts were 22.000; market unchanged to 25 cents higher.

Auk. Bulk. Top. Receipts. 8. $4 204.90 $4 90 7.000 9. 4.20 ft 4 95 4.95 5.000 10. 4.35-5 5.10 5.10 4.000 11. 4.2047 4.95 4 95 5.500 12. 4.205 4.95 4 95 5.500 13. 4.151 ft 4 90 4 90 2.000 15. 4.205 4.95 4.95 5,000 Receipts. 5.000; market, higher. 1140-1601 Good and choice....? 4.65® 4.75 —Light Lights—-(l6o-1801 Good and choice... 4,95 - Light Weights—--1180-2001 Good and choice... 4.95 1200-220) Good and choice... 4.85 ft 4.90 -Medium Weight—--1220-250' Good and choice... 4.70 ft 4.85 (250-290' Medium and good.. 4.30 ft 4.60 Heavy Weights—-(29o-3501 Good and choice... 4 10® 4.30 —Packing Sows—-(3so-5001 Medium and good.. 3.00 ft .3.85 1100-130) Slaughter pigs 4.35# 4.50 CATTLE Receipts, 700; market, steady. Good and choice S 7.50® 9.50 Common and medium 4.50 ft 7.50 i 1.000-1.8001 Good and choice 7.75 ft 9.75 Common and medium 6.25 ft 7.75 —Heifers— Good and choice 6.75 ft 8.00 Common and medium 3.25 ft 6.75 —Cows— Good and choice 3.50® 5.00 Common and medium 2.50 ft 3.50 Lo-w cutter and cutter cows... 125 ft; 2.50 •—Bulls (Yearlings Excluded) Good and choice beef 3.00 ft 3.75 Cutter, common and medium 2.25 ft 3.00 CALVES AND VEALERS Receipts, 300; market, steady. —Vealers— Good and choice $ 5.50® 6J>O Medium 4.00 ft 5.50 Cull and common 2.50® 4.00 —Calves— Good and choice 3.50® 5.00 Common and medium 2.50 ft 3.50 Stocker and Feeder Steers Good and choice 4.50® 600 Common and medium 3.00 ft 4.50 (600-1,500) Good and choice 4.50® 6.00 Common and medium 3.00 ft 4.50 SHEEP AND lAMBS Receipts, 1,300; market, steanv. Good and choice $ 5.50 ft 6.50 Common and medium 3.00 ft 5.50 Ewes, medium and choice .. I.ooft 2.00 Cull and common 50ft. 1.00 Other Livestock By United I'rrss CHICAGO. Aug. 15—Hogs—Receipts. 28,000. including 11,000 direct; about steady with Friday’s average; 180-220-lb. weights at SSO 5.10; top. $5.10; 230-260-lb. weights. s4.6oft 495; 270-320-lb. weights. $4.2504.65; 140-170-lb. weights. S4.eo®s; pigs, s4® 4.50; packing sows. s3.4oft 4.25; light lights. 140-160 lbs., good and choice, $4.65ft5; lightweights. 160-290 lbs., good and choice, $4.8005,10; medium weights, 200-250 lbs., good and choice, $4.65ft 5.10: heavyweights. 250-350 lbs.. good and choice. s4ft 4.75; packing sows. 275-500 lbs., medium and good. s3.4oft 4.25; slaughter pigs, 100-130 Fos., good and choice. s4ft 4.65. Cattle—Receipts, 13,000; calves. 2,000; little done, largely steer run; weighty bullocks scarce; bidding weak to 25c lower on predominating yearlings and steers; few parly sales steady; early top. weighty steers. 59.50; some considerably higher; others mostly steady, with stockers and feeders steady. Slaughter cattle and vealers Steers, 600-900 lbs., good and choice. $7.75ft 9.50: 900-1 100 lbs good and choice. $8ft9.60: 1.100-1.300 lbs ' good and choice, 58ft9.75. 1,300-1.509 lbs. good and choice. $809.75; 600-1.300 lbs common and fnedium. $3.7508; heifers 550-850 lbs . good and choice ,s7® 8.50; common and medium. 53.25ft7: cows, good and choice, S3.soft 5.50; common and medium, $2.5003.50; low cutter and cutter cows. $1.50 0 2.75; cutter to medium. $2.25 ft.3 60: vealers. milk fed. good and choice, s6.do® /.50; medium. $4.5006.50: cull and common. $3.5004.50. Stocker and feeder cattle: Steers, 500-1.050 lbs., good and choice. $5.5006.25; common and medium, $3.20ft5.50. Sheep—Receipts, 22.000; market steady to weak, with lower tendencies; native lambs, $6.2506.40 to city butchers* packers bid $6 on best westerns. Slaughtersheep and lambs—Lambs. 90 lbs. down, good and choice. ss.soft 6.50; medium. $4.50 ft 5.50: all weights, common. 53.50 ft 4.50: ewes. 90-150 lbs., medium to choice, $1.50 0 2.50: all weights, cull and common. Sl® 2: feeding lambs. 50-75 lbs., good and choice, s4.soft 4.75.

By United Pregg LAFAYETTE Ind., Auk. 15.—Hogs— Market. 5c higher: 160-210 lbs. $4 75 r a 4.50: 210-225 lbs.. $4.6545 4.75: 235-210 lbs $4,454/ 4.55: 260-280 lbs.. $4.25ft 4.35: 280235 lbs.. $44/ 4.15: 130-160 lbs.. $4,254/4.50: °^' 133 .J bS V- $4: I’O'Ufhs, $3.25 down; calves, $5; lambs. $5. By United Pregg FT. WAYNE, Ind.. Aug. 15.—Hogs—Market. steady; pigs. $4.35ft * est light u-hts u lights - S4 - 90 ®5: mediums; 54 7545 4 85; heavies. $4.254/4.50; roughs, $3 ft 3 50: stags. $1.50*0 2: calves. $6.25. ewe and wethers. $5.50: bucks. $4.50. By Tim eg (Special „™ OUISVILI ' E * Au ff. 15.—Cattle- Receipts 000. market, fairly active and,strong to *oc lusher with beef cows: bulls and stockat advance; bulk common and medium grass steers and heifers. $45 50* few better finished $6,254/7; bulk - beef ?. 3 - 50: low cutter s and cutters. $l '/2.25: bulls, mostly $2.75 down; few 43bulk desiraole lißh* Stockers. $4 504/5 50common natives. $4 down. Calves— Receipts. 600. steady; better srrades. $4.50*55: maaium and throwouts, $3.50 down Hows -Receipts. 900; steady with Saturday or 10c, lower than Fridav. 170-220 lbs $4 ao--225-255 lbs,. $4.35; 260-295 lbs $4 .300 lb*, up. $3.50: 140-165 lbs.. $4.20- 135 lbs down. $3 80; sows. $2,404/ 3.15; stags *2 I.s' Sheen—Reeeipts. 2.000: no early trading on account of lisht supplies; generalv YP,?, 25 ' , 'L' so 1 ? „ nr morp nigger or mostly *5.5045 6 for better grade lambs- sto-k ewes active mostly $5.50 per head downbest quotable. *6. Saturday s shipments— D5 rattle: 440 calves; 207 hogs and 160 snrep. Bjf I'nitfd Press EAST ST LOUIS. Aue. 15.-HoE.s-Re-SO u ,™ rkpt - weak t 0 10c lower: 1,00. *4 8 V bulk. 150-240 lbs.. $4.60454 80-240-2.5 lbs.. *4.40 5 4.60: ie£-140 Ihs. $45 - SO T-\ s:5 2545 3 60. C ttle-Receipts. Calves—Receipts. 2.500: market ;I 0W , on s'eecs. but indications steady , other classes ser.erally steady v ith > v active trading: mixed vearM * d n helf r rS - laree!v $4.5045 6.75: cows. s2.soft S.sO: low cutters. sl4/1.50- tor bulls $3; aood and choice vealers IK. S J aUS !i te L classes - steers. 600-1.100 lbs rood and choice. $7.2545 9.50; common and medium. $44/7.50: 1 100-1 SCO lhs - 50 £ ri ” $5.25417.50. Sheep—Receipts. 3.000, lambs opened strong to 25 cents higher* beu-r kinds to small killers. $5.755 6; packers taikins steady. Indications ~ steady on SlauEhter classes, lambs. 00 lbs doyn- good and choice. $545 6: medium $4 4/b. all weißhts common. *354- ewes 90150 lbs medium to choice. sl4/1.75: all R't l nttcfl Press 2 nc/i E \. E M A? * R ' Al:s Hors —Receipts - 000. holdo l er. none; steady 160-230 mU DIRS. *4. .5, Cattle—Receipts. 1.000: steers sioy account materially higher askinE prices: early sales arourrf 25c up: common feds upwards to $8 2o: choice to $9 50 li- 25 f 4: s * a ge bulls strong! er. $2.50/15 3 50: few $3.75. Celves—Receipts. 900 largely steady: top 50c lower but lower crades filing acti-clv eood to rhDicp \palpr mixtures lareel'* s7tfr7 50too *8 J cull to medium. *64,6 50: boner ca’ves dowuwerd to $4 and *3 si.eo-Re-"i m ' J 2 \ ioo V s '? adv t 0 easier, quality considered lambs la-tv. *60675 saw $6 50 cull to medium throwouts, $3? 5.25. 811 United Pregg ■>Aug 15—Hogs -Receipts. 2.000: marker, mostly, steady; 160-210 lbs $5 254/ 5 40; 210-240 bs . Ssfts.tO 250-300 lbs . $4 50ft4 90; 100 150 lbs *4 ,50ft5 Cattle—Receipts 1,200: market slow, steady to weak; variable steers. *6 304,7 50; most grassers. $54-6 35: common to medium heifers. *3.50 -5 50: common to medlryb cows. *2 25u 3.25; common to medium bulls. *2 65ft J. 50. Cah es—Receipts. 650; mirkets mostly steady good to choice vealers, $64,7; common to medium. $3 5047 5 50. Sheep—Receipts. 5.0O0: market lambs steady with Fridav: good to choice. *6# 6 50: liehter-v'eigb s down to *5; common to medium. *3ft4 50; age<istock stronger; good wethers, $2.6523.

BELIEVE IT or NOT

NyJl; 't --.-. H. ' CLOTHESPINS Grur 8.-iUinritim joci't*. Owned by MrsLuEU-A GHOTTON /Lawrenceburg [nd. ~~~ ~ - //L HAVE SEEN USED CONSTANTLY I FOR OVER 100 yEAR.S T / t 'Ok.JiWjf ,N / 5s f m BURROS - %' r ROXBURy / *,'=• used in The empire-north star l Vyy / MASS / —!: Jfcv GOLD MINE, GRASS VAUEy, CAL MU //if *-'V* * CHEW TOBACCO - ’ f V M lj . y mfcii AND will not WOP.K WITHOUT : a plug Tuck ed under their, tongues JU s —**

Dow-Jones Summary

Stocks of rubber in London on Aug. 13. totaled 47,713 tons, a decrease of 1.267 tons from preceding week: stocks of rubber at Liverpool were 57,762 tons, a decrease of 267 tons. Loadings of revenue freight on railroads of Canada in week ended Aug. 6, amounted to 25.246 cars, a decrease of 1,302 from preceding week and 10,836 below like week of 1931, Columbia Carbon Company in six months ended June 30. 1932. reported profit amounting to $469,945 after depreciation, depletion, taxes, etc., against $859,732 in first half of 1931; quarter ended June 30. net profit totaled $191,991, against $299,231 in June quarter of IS3I. Wellington Oil Cos. Ltd., declared the regular quarter dividend of 2 cents a share on capital stock, payable Sept. 15, of record Aug. 31. Nashville. Chattanooga & St. Louis in June reported net loss of $80,894 after charges, against $106,906 in June, 1931; six months’ net loss amounted to $486,087, against $130,424 in first half of 1931. Sioux City Gas and Electric in twelve months ended June 3}, 1932, profit amounted to $),073,413 after taxes and charges, but before depreciation, ;.gainst $1,229,247 in previous twelve months. Beech Nut Packing Company declared the regular quarterly dividend of 75 cents on common stock, payable Oct. 1. of record Sept. 13. California crude oil in' tveek ended Aug. 13. averaged 474,675 barrels daily, an increase of B.COO over previous week, according to California Oil World. Western Union in June showed net loss of $37,470 after taxes and charges, against net. income of $1,005,908 in June, 1931; six months' net loss amounted to $134,645, against net income of $4,229,221 in first half of 1931. Detroit Edison Company in tw-elve months ended July 31, 1932. earned $6.72 a share, against $8.83 in twelve months ended July 31. 1931. Timken Detroit Axle Company in June reported net loss of $820,444 after charges, against net loss of $275,178 in first half of 1931. Delaware A- Hudson in June showed net loss of $656,110 after charges, against $21,692 in June. 1931; sixmonths’ net loss amounted to $2,302,239, against $658,978 in first half of 1931. North American Car Corporation in six months ended June 30, 1932. net profit amounted to $104,250 after charges and taxes, against $240,560 in first half of 1931; June quarter 1 net profit totaled $42,931. against net. profit of $115,838 in June quarter of 1931.

WEAR YOUR HAT, OR YOU'LL BE A BANDIT! At Least, That's How French Doctor Figures It Out. By United Pregg PARIS, Aug. 15.—People who don’t wear hats are likely to become criminals, commit suicide or organize revolutions. Dr. Edward Toulouse, chief of the mental department of the Rousselle hospital, said today. ‘The sun,” said Dr. Toulouse, “actually may cause increases in crime, suicides and revolutions. It is noticeable tht in the summer time, drivers who do not wear hats are a danger in automobile traffic. "The sun excites certain brain cells. It numbs others and thus upsets the mental balance.”

LODGE WILL INSTALL Officers to Take Over Duties at Ceremonies on Aug. 29. Golden Rule Lodge No. 1, Knights and Ladies of America, will install officers in the hall at 210 East Ohio street, Aug. 29. Following the installation, a program of music, vaudeville, drill team exhibitions and dancing will be held. Refreshments will be served by the girls’ drill team, under Hyatt G. Johnson, drill master and deputy supreme president. WORMS LIVE IN OCEAN Common Garden Variety Found on Floor of Pacific. Rli 7 niif fl Pri *# ASTORIA. Ore.. Aug. 15.—Garden worms of the common fish-bait variety can and do live in perfect comfort—and safety—on the floor of the Pacific ocean. Government engineers aboard the tug Mendell were taking depth soundings recently when some soil from the bottom of the sea was scooped up. A considerable number of fat angleworms were in the soil.

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 Saturday’s Times: The Ineffaceable Footprints of Tragedy—ln the record of western migration, the Donner party ranks with the foremast tragedies connected with the pioneers of the great domain west of the Rocky mountains. The party, bound for the promised land of California, led by the brothers George and Jacob Donner, left Illinois in April, 1846, and reached Ft. Bridger. Wyoming. July 22. Owing to the lack of a guide and to misleading direction, the party frequently was compelled to retrace its steps. Before it reached Salt Lake valley, where the tragic story of sufferings began, the group cut through what now is known as Emigration canyon. The footprints of their oxen and the wheel tracks of their wagons still are visible, never having been obliterated in the intervening eighty-six years, over the Great Salt desert west of Salt Lake. Only a few survivors of the Donner party lived to see the land of promise after their suffering. Tuesday: “A Playful Centenarian."

OFFER NEW SERVICE Turbine Engineer Employed by Casualty Company. Furthering what is termed an innovation in insurance service, the Fidelity and Casualty Company of New York, local offices, 1415 Merchants Bank building, has appointed A. C. Haygood turbine engineer. Haygood, for twelve years turbine engineer for the Westinghouse Company, will head a staff here to inspect and repair machinery and delicate instruments used in manufacture by those insured by the Fidelity and Casualty. TRAYLOR AGENT FOR NORTHWESTERN LIFE Widely Known Expert Is Named as Chief in Central Indiana. Known nationally as a life insurance expert, Joel T. Traylor, head of the life insurance department of the Spann company, has been appointed general agents for central Indiana of the Northwestern National Life Insurance Company, offices at 504 Guaranty building. Traylor has been president of the Indianapolis Life Underwriters’ Association, national traveling secretary for the National Association of Life Underwriters’ Associastructor for the Y. M. C. A. Araria Business Increases According to the report issued today by the Acacia Mutual Life Insurance Company of Washington. D. C., A R Madison. manager Indianapolis branch, the volume of business recorded during the first six weeks since the concern was reorganized showed 50 per cent increase in volume. Net. gain in insurance in force was $5,000,000. The company, it was said, increased its reserves, assets, and surplus and maintained its dividend schedule to policyholders. In Hospital Ninety Davs Rov E. McCoy, agent for the Travelers Insurance Company, local headquarters Chamber of Commerce building who has been in a hospital in Rochester. Minnmore than two months, must remain another thirty days, it was said today. GETS COSMIC RAY DATA Reaches Greater Intensity With Altitude. Says Physicist. By United Pregg MEXICO CITY. Aug. 15.—The cosmic ray reaches a greater intensity with altitude. Dr. Arthur Compton. Chicago university physicist, said today after experiments at the crater of the volcano, Toluca, and here. He said he plans more studies in the Rocky mountains and Hudson bay region. He is en route to the states. Farmer Ends Life With Shot By United Pregg WASHINGTON, Ind . Aug. 15. Christian Lottes. 62. farmer near here, committed suicide by shooting himself at his home today. Illness was blamed by thg widow.

K*l**ere* P *. I 9 JL F*enl Offle* RIPLEY

The City in Brief

TUESDAY EVENTS Free school in socialism and economic*, night. 314 Columbia Securities building. Rotary Club luneheon, Claypool. Young Lawyers Club, luncheon. Washington. Gyro Club, luncheon. Spink-Arms. Mercator Club, luncheon. Columbia Club. Architectural C'uh luncheon, Architects and Builders building. American Chemical Society, luneheon, Severin. Universal Club, luncheon, Columbia Club. Republican Veterans, luncheon, Board of Trade. Vegetable Growers of America, Convention. Claypool. Zonta Club, luncheon, Columbia Club. Tenth annual reunion of the heirs of George M. and Anna Eliza Givan w r ill be held at Garfield park Sept. 4. Principal speaker at a meeting of the Liberty party to be held at 3355 West Tenth street at 8 tonight will be Mrs. E. R. Bebout. Other speakers are J. M. Noe and Kenneth Lett, county chairman. Mrs. Josephine M. Stearns of New York, traveler and lecturer, will begin a course in "The Science of Living. Practical Psychology and Vital Faith’’ in the Central Christian church at 7 Tuesday night. Dcmanico Maio, 959 East Georgia street, was arrested on charges of operating a blind tiger and illegal possession of a still, after police said they found forty-five gallons of corn whisky and a fifty-gallon still in a house at 2635 Roosevelt avenue late Saturday night. DRIVER NOT GUILTY IF PASSENGER HAS ALKY Canadian Judge Rules Motorist Is Not to Blame. By United Pregg HAMILTON, Ontario, Aug. 15. Judge Carpenter, in a written statement, declared that the driver of an automobile was not to blame if a passenger was found carrying a bottle of alcohol in his pocket. The judge's statement came after Tony Sylvester and Charles Morrealle had appealed the decision ol the court which had found them guilty of violating the excise act. The men were arrested last March by a constable after Sylvester's car was searched, and a bottle of alcohol found in Morreale's pocket. They were convicted under the liquor contract act, but the case later was made an alleged violation of the excise act, and the car was ordered confiscated. When he granted the appeal the judge said, "The driver of a car ls not responsible for any violations of the law made by a passenger in his car.” The judge ordered that Sylves-' ter's car be returned.

HOOVER IS ON CRUISE Vacations With Party of Friends on Commerce Department Boat. Bn l tilled Pretg WASHINGTON. Aug. 15—President Hoover reported to the White House by radio that all was well on the 110-foot commerce department boat Sequoia, aboard which he and a party of friends are vacationing on the lower Potomac and Chesapeake bay. QUAILS ARE PLENTIFUL By T nitrd Pregg ATLANTA, Ga„ Aug. 15.—Despite the depression, quail will be plentiful in Georgia this fall, according to Peter E. Twitty, game and fish commissioner. i Negligible hunting last season and good weather for the spring breeding period has caused a plentitude of young birds, game wardens and sportsmen have reported. There were no floods or rainy spells to kill out the young birds.

The American Utilities, Securities Cos. 823 Continental Rank Bldg. Listed Securities

PAGE 9

WHEAT, CORN OPTIONS HOLD MINORUPTURN Trade Slightly Bearish on Deferred Delivery in Major Grain. BY HAROLD E. RAINVILLE United Pres* Staff Correspondent CHICAGO. Aug. 15.—Strength featured the opening on the Board of Trade today and wheat and corn began the session with fractional gains. Oats was unchanged to fractionally higher. At the opening wheat was to ’a cent higher; corn was up ’ to U cent, and oats was unchanged to ‘s cent higher. Provisions held firm and opened unchanged. Traders now appear as bearish on December wheat as they were bullish when that month in the grain was at 60 during the recent, advance. There is heavy liquidation by eastern interests who were among the recent buyers. The market, however, now is considered in a better technical position than it has been for some time. Liverpool was stronger at the opening and during the day was fractionally higher. Corn continues to show independent strength and resistance to pressure. The country eased somewhat in its offerings Saturday, but, cash remained firm. Good raina were reported for the week-end over portions of the belt. Oats closed at anew low sinco 18.06 on Saturday, and at the present levels there is little being done in that pit. With prices lower than the costs of production, it requires but minor fractional recessions in thi grain to reach new low figures.

Chicago Grain Range Aur. 15— hp?it-~ Prpv, High Low 10 00 clos" SfPt 51% .51% .51% .51% Gee 55% 51 % 55% 55% May 59% .59% .59% .59 CORN - 4 * B*P‘ *'% -31 % .31% 31% M oats ■ 3 " ’ 37, ‘ 3714 37 ’^ Sen' 16% .16% .16% .16% Dec 19 .133, 18 % 19% May 22 21% .21% 21% Sept .31% Er c 35 .35 LARD— 8 4 Sept 5 00 5 00 'Dpt 5.00 5.00 J an 4 75 By Time* Sprrinl CHICAGO. Aug. 15 Carlots: Wheat. 56; corn. 204; oats. 205; rye, 4. and bkrl ley. 13.

Local Wagon Wheat

Citv grain elevators are paying 42c for No 2 soft wheat Other grades on their merit R. F. C. WILL SET UP ’ STOCK CREDIT BANKS At least Eight Corporations Lendin* to Cattlemen Are Planned. By Berippg-Hoicard Xewgpaprr Allianra WASHINGTON, Aug. 15.—Following a week of conferences with representatives of the livestock industry from all parts of the west, the Reconstruction Finance Corporation, it is understood, will soon announce its plan to establish livestock credit agencies in several of the federal land bank districts. The R. F. C. is proceeding under the authoirty granted by an amendment to the relief act, sponsored by Senators Carey of Wyoming and Steiwer of Oregon, to set up twelve agricultural credit corporations, with a capitalization of $3,000,000 each. It is believed by stockmen that at least eight corporations for lending to cattlemen, both on range stock and feeders, will be included in the proposed credit system. Kentucky, Indiana, Ohio and Tennessee will be in one district.

DEMANDS 5-DAY WEEK New Wage Cut Order Stirs Action by La Guardia. By Beripps-Hoirard Xeirgpaper Alliance* WASHINGTON. Aug. 15.—A new demand that the federal government run its departments on a fiveday week basts has been served on officials here, simultaneously with rulings from Comptroller-General McCarl that workers must lose 9 per cent of their wages instead of 8 1 * per cent, if they take their required payless furlough on Saturdays. Representative F. H. La Guardia <Rep.. N. Y.l, who swung the support of his liberal bloc in congress to the furlough plan, insuring its adoption. has written to Secretary of the Treasury Mills and Secretary cf Labor Doak, calling on them to redeem promises made curing the fight that the five-day week would be installed.

RECEIVE NEW QUARTERS Indianapolis Banks Get Supply of 25!Cent pieces. Supply of the new George Washington bicentennial quarters ha3 been received by Indianapolis banks, and the 25-cent pieces, first silver coins to bear the profile of the first President, are expected to be in heavy demand among coin collec - tors. Washington's profile replaces the figure of Liberty which has adorned silver 25-cent pieces since 1916. On the reverse side is the familiar eagle with outspread wings. THREE FALL FROM ALPS Tourists Drop 2,400 Feet Into Ravine While Scaling Peak. By United Pregg MUNICH. Germany. Aug. 15Three tourists, believed to be Germans. fell 800 yards into a ravine Sunday while attempting to scale Great Glockner. highest peak of the Austrian Alps. They were believed to have been killed.

How Long Can a Fixed Trust Stay Fixed? .A Common Stork Investment program imint have flexibility. In our opinion, a Fixed Trust doe* not mrrt this requirement. Consult with tin or write for complete detail* and our suggestion*. T. P. Burke & Cos. Incorporated SUITE 222 CIRCLE TOWER PHONE Riley 8336