Indianapolis Times, Volume 44, Number 88, Indianapolis, Marion County, 22 August 1932 — Page 9

AUG. 22, 1932.

STOCK SHARES SHOW GAINS IN SLOW TRADING Improved Sentiment in All Lines Noted: Rails in Demand.

Average Stock Prices

Aversof 'hirtv indusi risir for Saturday hush 67.58, ‘Oil 65 99 ;••• fills, up 34 AverSE" of twenty ra is 30 28, 29 50. 30 14, up 25 Average of twenty utilities 29 86 29 08 29 70. off 05. Average of forty bon<l I*l 85, up 48 BY EI.MER C. WAI.ZKR t nitert Press Eintnrial Editor NEW YORK. Aug. 22—Saturday’s late rally carried over into today's stock market session, prices advancing fractions to more than a point. Trading continued dull. Steel common opened ofT % at 40%, but quickly crossed 42. The preferred made a small gain. Railroad shares were in demand, activity centering around New York Central at 26%, up %, and Chesapeake & Ohio at 25, up %. Atichson opened at 48%, up I *, and later crossed 49. Union Pacific was up hi at 69’;.. American Can rose a point from its opening of 51 7 -, off %. American Telephone opened at 110%, up ’u and later reached 111%. A erican Tobacco rose to 75%, up TANARUS%; Western Union 33' t , up 1%; American Tobacco B 77%, up 1%; Youngstown Sheet and Tube 17, up %; Westinghousc Electric : up 1% and J. I. Case 54%, up %. The magazine Steel estimated steel production at 15 to 16 per cent in the week ended Aug. 20, a rise of 1 point. This was caused by slight gains at Pittsburgh, Chicago and Youngstown. “A variation of a point is not conclusive,” the magazine said, “but the drift is in the right direction.” Steel also found “a noteworthy accrual of sentiment” at Detroit, and said “automobile manufacturers, convinced that retention of a large share of recent improvement in the stock market will stimulate demand for new cars, are expediting work on new •models.”

Bank Clearings

INDIANAPOLIS STATEMENT —Aug. 22 - Hearing* $1.589 000 00 Debit* . 3.324.000.00

Local Wagon Wheat

Citv grain elevator* are paying 41c for No 2 soft wheat Other grades on their merit.

In the Cotton Markets

—Aug. 20 - High. Low Close .January 7,85 7.73 7 83 March 7.97 7.87 7 97 May 8 12 8.00 8.12 July 8 20 8 13 8.20 Octnhc’' 7 60 7.50 7 60 December 7.77 7.69 7 77 NEW YORK January 7.78 7.63 7 73 March 7.95 7 76 7 92 May 8 06 7.90 8 04 July 8 16 8.00 8 16 October 7.58 7.37 7.55 December 7.74 7.57 7.71 NEW ORLEANS January 7.76 7.64 7 76 March 7.87 7.76 7 87 May 8 03 7.90 8 02 October 7.54 7.40 7.51 December 7.70 5.57 7.68

Produce Markets

Delivered In Indianapolis nrlces: Hens heavv breeds. 12c. Leghorn hens 10c. broilers, colored sorinKers 3 lbs and lip, 14c; Hi lbs. up. 12c; bareback and partlv leathered. 10c: Leghorn and olack IV* lbs. and up. 10c; cocks and stags, 6c; leghorn cocks. 4c Ducks, large white lull leathered and lat. 6c; small. 2c Geese lull leathered and lat. 4c. Young and old guineas. 15c. Eggs— ADproved fiuvina grades ol Institute of American Poulm Industries- No. 1. 17c: No 2. 11c; No. 3. 7c. Butter— 24&25c; undergrades. 22® 23e; butterlat. 13c. These prices for healthy stock, Iree trom feed No sick poult.rv acceDted. Quoted bv the Wadlev Company. B V l ni(ed Press CHICAGO. Aug. 22. Eggs market unchanged; receipts. 17,510 cases; extra firsts, 17 * iC; current receipts. 12rul5'*c; dirties, 10©l3c. Butter Market, easy; receipts, 11.656 tubs; extras, 18c; extra firsts. firsts. 18fl 16'_*c; seconds, 15(615'ac; standards, 18c. Poultry -Market, steady: receipts. 1 car; 23 trucks; (owls, 15c; springers, 14c: Leghorns, 12c: ducks, 12'612'jc; geese, 9® 11c; turkevs. 1 DsTr 12c: roosters, 10c; chickens. 12' a 4i 13'jc;* Leghorn broilers, tSYr. Cheese Twins, 12'j tdlSe; young Americas. 13' 4® lS'jc. Po-tatoes-On track, 164; arrivals, 30; shipments, 377: market, steday: Wisconsin Round whites, 75 a 80c; Nebraska Cobblers, 80®B5c; Minnesota Early Ohios, 75c. Bv United Press NEW YORK, Aug. 22 Potatoes Market, dull; Long Island, 75c51.65 per barrel. New Jersey. 90r®51.50 Sweet potatoes MsrVet. dull: Jersey baskets. 75c® $1.25; Southern baskets, 25c 0/ SI; Southern barrels. $2.50118. Flour- Market, dull; spring patents. s4® 4.30 per barrel. Pork-Market eßsy: mess. $17.75 per barrel. Lard Market, firm: middlewest spot. $5.40u 550 per 100 lbs. Tallow Market, steady: special lo extra. 3'4®3'i>c per lb. Dressed poultry - Market, quiet: turkeys, 10® 35c; chickens. 12® 19c: broilers. 14 it 28c; lowls, 104i 20c; Long Island ducks. 12 u 14c. Live poultry Market. quiet; geese, 7® 12c; ducks, 8119 c; fowls, 12® 19c. turkeys, 10u 18c, roostprs, 10c, broilers, 10® 20c: chickens pullets, 20'a22c. Cheese -Market, quiet: state whole milk fancy to special, young Americas, 13 5 < u 17 1 .c. Butter Market, easier; creamery higher than extras. 19'*'ii2flc: extra. 92 score, 19r; firsts 91 score. 18'ac; firsts. 88 to 89 score. 16 5 4 ®l7tc; seconds, 16® 16V*c. Eggs- Market. Irregular; special packs Including unusual hennery selections, 21(24 , . 1 c, standards 18' an 20\C. Bv United Press CLEVELAND. Aug. 22.—Market, steady; extras, 18c: standards. 18c Eggs—Market steady: extra firsts I8e; current receipts 16c extras. 20c Poultry—Market, sieadv, heavy colored lowls, 15c; medium broilers 134 j 14c; Leghorn fowls, 10ul2c; hcaiv colored broilers, 15® 16c; heavy rock broilers. 16 n 17c; Leghorn broilers, 13cducks, 10® 12c; old cocks, 10',; 11c; voting geese. 104i 12c. Potatoes—Ohio and' New votk bushel sacks. Cobblers, partlv giaded, mostly $6. v * Marriage Licenses Ralph Kelmer Graham. 27, of Tuscola 111 salesman, and Georgianna Evelyn Gruner, 20. of 229 Bicking street. Alexander Carr, 41. ol Trov. 111., constable. and Htldagarde Best, 33, ol 5365 Washington boulevard. Gerald Kennth Swengel. 20, ol 737 North Holmes street, attendant, and Dorothy Marie Ruehl, 20, ol 1307 North Beville ater.ue, Rov Bradley Case. 29. ol 526 East Ninth street, landscape artist, and Marguerite Freeman. 21. ol 526 North Illinois street. J. Hamilton Sallee. 28. of 701 >* East Eleventh street, salesman, and Marian Louise Brown. 29. same address secretary. George C Green, 42. of Claypoo! hotel, salesman, and Marguerite Campbell, 38. of Clavpool hotel James Shewmakrr. 20. of Louisville, Kv., clerk and Wtlner Shewmaker. 29. ol Louts*, c. Kv housekeeper. Le Rov Beverly Lee. 24. of 1037 Concord street, packer, and Mabelle Brnmlett. 26 of 1.85 Kentucky avenue, housekeeper. Fred Marlon Stewart. 18. ol 434 West Rawnond street, laborer. and Gladys Shipp, 11, ol 2252 Daisey street, housekeeper. 26 oi 26ai Broadway, clerk, and Lillian Elolse Randle, 25. ol 1523 Odell street William Otto Bulllvan. 23. of 1633 East Kelly street truck driver, and Margarctte Helen Flora. 18. of '-,2# North Arnolds street, waitress Ernest Otto Bruhn. 24 of 1522 Ftnle.v avenue, packer, and Augusta B. McCormick. 36, ol 1522 Finley avenue, housekeeper, Walter W Line 20. of Route 4, Box 500, rme ii*w d ? lh#l Charles, l. ol Route 7, Boa 268-M, house worker,

New York Stocks •B Thornton St McKinnon

—Aug. 32 Prev. Railroad*— High. Low 11:00. Close. Atchison 49% 4*% 49 48% A*! Coau Line 27 26 27 25% Bait A: Ohio. . . . 14% 14% 14% 14% Che a A: Ohio. . -25% 24% 25% 24% Chesa Corp 17 16% 17 16% Can Par 15% 14% 15% 14% Chi Grt West ... 3% 3% 3% ... Chi N West 9% 0% 9% 9% C R l A- P 9% 9% 9% 9% Df! LAW .. 23% 22 23% 22% Del A Hudson 64 Er:e 7*4 ... Great Northern. 17% 16% 17% 16% Illinois Central . 16% 16% 16% 16% Kan CIU So ... 10% Lou A' Nash ... 24 23% 24 M. K A T 7 6% 7 Mo Pacific . 6% 6% 6% 6 Mo Pacific pfd.. * . 11% tO% N Y Central. . 27% 26% 27 26■• NY NH A H 21% 20% 21 20 Nor Pacific 20*4 19% 20 19% Norfolk A West 98 Oft W 8% ... Pennsylvania 17% 17 17% 17 Reading ... 34 % Seaboard Air L.. % ... 50 Pacific . 24% 23% 23 . 23% Southern Rv ... 11% 11% 11% 11% Bt Paul 3% 2% 2% 2% St Paul pfd .... 3% 3% 3% 3*4 5 1 L A 8 T ... 2*4 2*4 Union Pacific ...71 69*4 71 69% Wabash ... ... 2% W Maryland . 6% 8% 6% 8% Equipment*— Am Car A. Fdy.. .. ... 9 9% Am Locomotive ... ... ... 10 Am Steel Fd .. ... 8 Am Air Brake Sh .. ... ... 13% Gen Am Tank .. . ... 16% 18% General Elec ... 18% 18 18% 18% Pullman 21% 21*4 Westingh Ar B. . ... 14% Westingh Elec.. 38% 37% 38 37% Rubbern— Fisk .. ... % % Goodyear 18% 18 18% 18% Kelly Sprgfld 1% i% U S Rubber 5% 5% Motor*— Auburn 65 63% 65 62% Chrysler 14% 14 14% 13% General Motors.. 14% 14 14% 13% Graham Paige .. 3% 3% 3% .3% Hudson 6% 6*4 6*4 6% Hupp 3* 4 .. Mark 19% 19% 19% 19% Mermon 2% 2% Nash 14% 14% 14% 14 % Packard 3% 3% 3*4 3% Peerless ... ... iy, ttoo 2*, Studebaker ... ... 6% White Mot ... ... n% Yellow Truck 3% Motor Access— Bendi>; Aviation. 10% 10 10% 10% Borg Warner ... 9% 9% 9% 9% Friggs ' 55, Budd Wheei ... *... 2% Eaton 7% 7 7 7% Ed Auto Lite ... 18 17% 18 17 El Storage B ... ... 27% Hayes Body ... ... 1% Houda ... 2% 2% Motor Wheel ... 4% 4% Murray Body ... 4% 4% Sparks W .19% 18*4 19% ... Stewart Warner. .. ... ... 5% Timkin Roll ... 101, Mining— Am Metals 5% 5 5% 5% Am Smelt 17% 17 17% 17% Anaconda Cop.. 9 8% 8% 9 Alaska Jun .. 11% lit:, Cal A Jlecla 3*4 . Cerro de Pasco li ii Dome Mines ... ... jq •- Freeport Texas. . ... 26% 21 Granby Corp ... 6*4 6', 6* 6', lilt Nickel 8% 8\ B% B*4 Inspiration . 3% 31, KminecoH Cop. 10*4 10% 10% 10% Miami Copper.. .. ... 3% Nev Cons ... 5% Noranda lip, Texas Gul Sul.. 21% 21 21% 20% U S Smelt 19% Oils— Amerada . 19 ... Ail Refining ... 18% 17% 17*4 17% Barnsdall . .. 6 5*4 6 6 Houston 3% Sbd Oil 14*4 14% i4% 14% Mid Coutl 6* Ohio Oil 9% 9% 3% 9% Fan-Amer B 11% Phillips 6% Pure Oil 5% ... Royal Dutch 20’ 4 ... Shell Un 6% 6% Simms Pt .. 6*4 Cons Oil . 8 7*B 8 8 Standard of Cal 27% 26** 27% 26*8 Standard of N J 31% 33% 34 33% Soc Vac 10% 10*4 10% 10% Texas Cos 16 15% 16 15*4 Union Oil 12% 12% 12% 12% Steels— Am Roll Mills.. 10% 10% 10% ... Bethlehem 19 18% 19 18% Byers A M 16% 15% 16% 15% Ludlum ... ... 5 McKeesport Tin 46% 46 46% 45% Midland 6 Newton ... ... 3% Repub lAS 20*4 U S Steel 42% 40*4 42% 40% Vanadium 16% 16% Youngst SAT.. 18% 16% 1814 16% Tobaccos— Am Sumatra.... 9 8% 9 8% Am Tob iA I new .. ... 75*4 74 Am Tob <Bt new 78% 77% 78% 76% Lig A Myers B 56% 55% Lortllard 16% 15*4 16 16% Reynolds Tob.. 34 33% 34 33% United Cig 1 % t, 1 Utilities— Abitibi ... ... is ß Adams Exp 5% 5% Am For Pwr 10 9% 10 9% Am Pwr &LI 11% 11 11*, 10% A T A T 112*4 110% 112% 109% Col Gas AEI 14*8 14% 14*4 14% Com A Sou 3*B 3*4 3% 3*4 Cons Gas 59 58 59 El Pwr ALi 10*4 10 10% 9% Gen Gas (A) 1% I*4 1% l*. Inil TA T 11% 10% n% 11% Lou Gas A EL. 19% 19% 19% 19% Natl Pwr ALi . 16*4 16% 16% 16% No Amcr Cos 30** 29*4 30% 29% Pac Gas A El 29% Pub Serv N.l 49% 48% 49 48% So Cal Edison.. ... 28 f* ld GA El 22% 2i% 22% - 2i% United Corp .... 10'. 10% 10% Uu Gas Imp 19% 18% 19*4 18% Ut. Pwr A L A.. 6% 6% 6*B 6*4 West Union 32% 32% 32% 31% Sh'fiTvnc— Am inti Coip .. .. gs Unifcu Fruit I” 30% I onds— Am Sugar .. .. 29 Armour IAI 2% 2% "2% n Can Dry 17% 12% 13 12% Coca Cos a ..... 97 96 97 9. • , Com Baking A., 6% 6% and% / 7 Corn Pod . 44% 43% 44 42 , C. m v, neat . ;• Cuban Am Sug.. 2% "2% "2% 28 G'" 1 F'Ods 29% 28% 29% Grmd Union .... ... 77. ■ e el Tea ... 26% v '?%7 •% 16 i5% '*i To r Nit Bi'-nut ... .40 33%, 39% 38% Dairy .. . 22% 2022% 21 PP bury .1 4 ■%, Safeway St ... 48% 47% '48% 47% Std Brand. 15% 15 15% 15% Coly 'uc 4 37, 37 Drug inc 42*8 41*8 42% 41 ’ Lambert Cos 70,-, vas Lehn A Fink ... 17% 17 TANARUS?% Industrials— Am Radiator ... 8% as. or, a , Bush Term 8 7 8 51* Gen Asphalt ... li ini, 11 1n , 2 Oils Elev n i }2,Ulen *; _ 8 % 18 -• Indus Chrms— A ll Red 54*8 54 1 4 1 e Allied Chem .... 78*8 76% 78 2 Com Solv 9% 9 B , 91 uXn caVb' :::: ?6% 4 1i, 4 & & RetaH Stores— Assoc Drv Gds.. , Kresge S S ii% nt. %%, ~, Mont, Ward .... 11 10% j| in/ 8 Sa!L F 4?t si- >Pi '• !;. Amusements- 33 8 3 ‘ 38 * Croslev Radio... 5*4 4% 53. 41 Eastman Kod... 53% 51 sSi A** Fox Film A... 4% is, 5 % 4 Grigsby Gru... 1% 71* f! s Loews Inc 31.1. 311* 7,,* Param Fam.... . 7% 6% - ’ 30 n adl ° c °rp 9% 8% B*4 "B*4 K K -o 5% 51.,

New York Bank Stocks

tßy Thomson * McKinnon) —Aug. 20— Bid. Ask. Bankers g 5 s~ Brooklyn Trust iso ios Central Hanover 140 144 Chase National 39 4, Comical 36% 3 8 % City National 47 49 Corn ENChanje 6.3% 68% Commercial 136 140 Continental Isl% is*. Empire 25% 27', First National 1,620 1 720 Guaranty ; g9 %94 If'iOß 21% 22% Manhattan A Cos 29% 3i% Manufacturers 29 31 New York Trust 91 94 Public OQV- 71 1 „ Union Title .7.. ~44 47

PORKER PRICES DIP ON SLACK DEMAND

Slaughter Classes Dull in Cattle Market: Sheep Move Down. Trend in hogs at the start of the week at the city yards was slightly weaker this morning. Prices dipped from 10 to 15 cents on all classes. The bulk. 120 to 325 pounds, sold for $4.25 to $4.75; early top holding at $4.75. Receipts were estimated at 6,000; holdovers were 255. In the cattle market slaughter classes were dull, sentiment lower. Receipts were 600. Vealers were

Warner Ero, ... 3*2 3** 3*B 3% Miscellaneous— Proc A Gam 30% 29% Allis Chai .. 11% Am Can 54% 51% 54*4 53% J 1 Ca*e 55% 52*4 54% 53 Cont Can 30*4 30% 30% 29% Curtis Wr 2% 2 2% 2% Gillette 8 R ... 20% 20% 20% 19% Gold Dust 17% 16% 17 16% Int Harv 20% 38% 29% 28% Int Bus M 90 Real Silk 5% 5% Un Areft 18% 17% 17% 16*4 Transanierica.... 5% 5% 5% 5%

UNCLE SAMS NEW TAXES WHERE THEY HIT YOU -AND HOW!

This is the last of twenty special stories explaining the new federal taxes BY ROBERT TALLEY NEA Service Writer (Copyright. 1932. NEA Service. Inc.) IN the form of new taxes on automobiles, radios, candy, chewing gum, movies, gasoline and countless other items, millions upon millions of dollars are being collected from the American public this year. But the worst is yet to come Next March 15, when income taxes for 1932 become payable, the nation’s income taxpayers will find $178,000,000 added to their bill. The old law put the normal tax on individuals at Vi per cent on the first $4,000 of net income in excess of the credits allowed; 3 per cent on the next $4,000, and 5 per cent on the remainder. Surtaxes began on incomes in excess of $lO,000, and at 1 per cent. The 1932 law makes the income tax rate 4 per cent on the first $4,000 of net income, 8 per cent on the remainder and places a graduated surtax beginning at 1 per cent on amounts above $6,000. Exemptions are reduced from $3,500 to $2,500 in the case of married persons and from $1,500 to SI,OOO in the case of single persons, this further increasing the amount of the tax. Here is the net effect on the tax of a married person (or the head of a family) with no dependents: Net Income. Old Tax. 1932 Tax. $3,0(10 N onP g 20.00 $4,000 $ 7.50 00.00 $5,000 22.50 1 00.00 Here are the comparative figures for an unmarried man with no dependents: Net Income Old Tax. 1932 Tax. *1,500 None $ 20.00 $2,000 $ 7.50 40.00 $3,000 22.50 80.00 $4.0110 31.50 120.00 $5,000 52.50 160.00 The exemption for dependents (children, dependent relatives, etc.), remains unchanged at S4OO each. Last year there was a special 2b per cent reduction in the tax on earned income. The new law abolishes that reduction. The rich will pay vastly more taxes, too. Starting at 1 per cent net incomes over $6,000. surtaxes under the new law rise gradually to a maximum of 55 per cent (as compared to a maximum of 20 per cent last year) on incomes of more than $1,000,000. Thus, a man with a millon-dollar income this year will pay $571,100, as against less than half that much last year. President Hoover recently cut $15,000 off his own $75,000 salary, now legally exempt from income tax. But the 1932 law says that the salaries of presidents and federal judges who take office after its enactment shall be subject to the tax. Beginning next March 4, the tax on the President's salary will be approximately SIB,OOO a year. The federal tax on corporations is increased from 12 per cent to 13%, per cent, or 14’ 2 per cent in the case of corporations filing consolidated returns for affiliates. These two increases and certain eliminated exemptions are expected to produce $41,000,000 in new revenue. (THE END) CITY BAN IS UNLIKELY ON WET AUTO PLATES Morrissey Plans No Action Against Insignias for Repeal. So far as Chief Mike Morrissey is concerned, Indianapolis motorists may continue to express their sentiments regarding the eighteenth amendment by small signs attached to license plate brackets of their automobiles. - * Informed of the campaign by Trenton (N. J.) police ordering removal of all such signs, Morrissey said. “As far as I know, it’s not a law violation. I’ve had no complaints here and I don’t intend to do anything unless display of the signs is proved a law eolation.” Wire reports today revealed that the Trenton order was issued after W. C. T. U. members appealed to the police department for removal of the signs, both for and against repeal. HITS STREET CAR: HELD Shelbyville Man Charged With Driving While Drunk. Gewler Jones, 19. of Shelbyville, was arrested on charges of operating a motor vehicle while unde rthe influence of liquor today after he crashed into the front of an inbound Riverside street car in the 300 block Indiana avenue. His companion. William Delkin, Negro. 740 Indiana avenue, was arrested for drunkenness. Police were told that Jones was driving on the left side of the street. The automobile, said to belong to Katherine Ensminger. Shelbyville, was damaged. The street car was operated by Logan Austin. 3420 West Michigan street.

steady at $6.50 down. Calf receipts | numbered 300. Lambs sold off 25 cents in the sheep market, averaging around $5.75 down. Receipts were 1.000. Early bids and sales on hogs at Chicago revealed a weaker under tone with prices mostly 10 cents under Friday's average. Bidding on good to choice kinds weighing 180 to 210 pounds was $4.75. Receipts were estimated at v 28,000, including 7,000 direct; holdovers 2.000. Cattle receipts numbered 16.000; calves, 1.500; market 25 cents lower. Sheep receipts were 25,000; market weak to 25 cents lower^

THE INDIANAPOLIS TIMES

HAMILL & CO. MERGES WITH ABBOTT, HOPPIN Managements Local Office Will Continue Under James T. Hamill. i Merger of James T. Hamill & Cos., 203 Continental Bank building, stock and grain brokers, with the firm of Abbott, Hoppin & Cos., New York, was announced today by James T. j Hamill. Increasingly heavy demands for the facilities afforded by a mem- ! bership in the New York Stock Exj change were responsible for the 1 move. Hamill said. James T. Hamill &• Cos., a copartnership, was organized in December, 1924, with H. C. Stutz and R. H. Syfers as limited partners, and James T. Hamill as general partner. K. K. Woolling became a special partner of the organizaion in August, 1925, and Stutz retired from the partnership In October, 1925. Partnership Is Revised In 1927 the partnership agreement was revised to make all members of the firm general partners. Later, in 1931, Syfers sold his .interest to Hamill and Woolling. The firm holds memberships on the Chicago Stock Exchange, Chicago JBoard of Trade, Indianapolis Board of Trade and an associate membership on the New York Curb Exchange. Before his entry into the brokerage field, Woolling was engaged in architectural lines. Hamill has been connected with the brokerage business since leaving school, and from 1907 to 1924 was with Lamson Bros. & Cos. of Chicago. He came to Indianapolis in 1918 as a representative of Lamson Bros. Hamill to Stay Here The firm of Abbott, Hoppin & Cos. has been an important factor in eastern brokerage fields for over seventeen years. They are members of the New York Stock Exchange, New York Curb, Chicago Stock Exchange, Chicago Board of Trade and Chicago Curb Exchange. Their floor member is a governor of the New York Stock Exchange and a member of the committee of arrangements. Principal office of the firm is at 120 Broadway, New York. Branch offices are 'maintained at Hotel Pierre, New York City; 208 South La Salle street, Chicago; Irving Zuelke building, Appleton, Wis„ and 203-205 Continental Bank building, Indianapolis. They have correspondents at Toronto, Montreal, Buffalo, Detroit and Don Du Lac. The Indianapolis office will continue under the management of James T. Hamill and K. K. Woolling.

Local Livestock Hogs Aug. Bulk. Top Receipts 15. s4.2o(iy 4.95 $4.95 5,000 16 4.10(7? 4.85 4.85 6.000 17. 3.95®! 4.70 4.70 4,000 18 4.10(72) 4.80 4.80 3.000 19. 4.10(0! 4.80 5.00 6 001 20. 4.25@ 4.90 4.90 3,000 22. 4.25(7* 4.75 4.75 6,000 Receipts, 6,000; market, lower. (140-160; Good and choice....s 4.50@ 4.60 —Light Lights—-(l6o-180) Good and choice.... 4.75 —Light Weights—-(2oo-220) Good and choice.... 4.65 & 4.75 (220-2501 Good and choice.... 4.60 (a 4.65 —Medium Weight—-(2so-290i Medium and g00d... 4.35® 4.55 (290-3501 Good and choice.... 4.15(|i 4.35 —Heavy Weights—-(29o-350) Good and choice.... 4.25® 4.45 —Packing Sows—-(3so-500; Medium and g00d... 3.00® 3.75 (100-1301 Slaughter pigs 4.20® 4.30 CATTLE Receipts, 500: market, lower. Good and choice $ 7.25(0 9.25 Common and medium 4.25 ii 7 25 (1.000-1,800) Good and choice 7.50® 9.50 Common and medium 6.00® 7.50 —Heifers— Good and choice 6.50® 7 75 Common and medium 3.00® 6.50 —Cows— Good and choice 3.50(® 5.00 Common and medium 2.50® 3.50 Low’ cutter and cutter cows... 1.25® 2.50 —Bulls (Yearlings Excluded) Good and choice beel 3.00® 3.75 Cutter, common and medium 2.25® 3.00 CALVES AND VEALERS Receipts, 300; market, steady. —Vealers— Good and choice $ 6.00® 6.50 Mediurrt 4.50® 6.00 Cull and common 3.00® 4.50 —Calves— Good and choice 3.50® 500 Common and medium 2.50® 3.50 Stocker and Feeder Steers Good and choice 4.50® 600 Common and medium 3.00® 4.50 (600-1,500) Good and choice 4.50® 6.00 Common and medium 3.OC® 4.50 SHEEP AND LAMBS ReceirN. 1.000: market, steady. Good and choice $ 4.75® 5 75 Sommon and medium 2.50® 4.75 medium and choice .. LOO® 2.00 Cull and common 50® 1.00 Other Livestock B<i United Press PITTSBURGH. Aug. 22.—Hogs—Receipts, 1,800; market, mostly steady; 180210 lbs., 35.25; 220-240 lbs.. [email protected]: 250-290 lbs,. $4.60®4.85; packing sows, 43® 3.15. Cattle—Receipts, 1,400; market slow; steers and heifers about 25c lower; cows and bulls steady to weak; medium to good steers, yearlings, quoted $5.50®7; variable grass heifers. $4.23®5.25; common to medium cows, $2.25®3.25; medium to good hulls. $2.75® 3.75. Calves—Receipts, 650; market, steady to strong; better grade vealers. S6® 7. Sheep—Receipts, 6,500: market, mostly steady: better grade lambs $5.75®6.25; buck lambs, $5.25 downward; variable wethers. $2.25®,2.75. Bit United /Yes* CLEVELAND. Aug. 22.—Hogs—Receipts. 1.900: holdover none; steadv to 10c lower; 160-210 lbs., $5.15: 250-280 ibs.. [email protected]; desirable pigs. $4.75. Cattle—Receipts, 1,100; slow steady to easier; common to low medium lightweight steers. $5.25® 6.25; good bullocks around sß® 8.50; unevenly lower; some 50c ofT: cows around $1.25®4: sairage bulls. $2.50® 3.50; steadv. Calves —Receipts. 900; steadv to easier; bulk vealers rather mixed, $7.50 down: sparingly $8; few above, culis downward to $5 and under. Sheep—Receipts. 4,000; steady: lambs. s6® 6.40: common throwouts, $3.50® 4.50; ewes. $2.50 down. By United Press EAST ST. LOUIS. Aug. 22.-Hogs-Re-ce.pts. 11.000; market, steadv to 3c lower; top. $4.65; bulk, 150-250 lbs., $4.40® 4 60; 250-280 lbs., 54.20; 100-150 lbs., $3 75@ 4.45: sows. 53.23® 3.60. Cattle—Receipts, 7,000; calves receipts. 3.000; market slow, on all classes, with tendency unevenly weak -to low’er; a few Oklahoma grass sters, $4.75; odd heads of heifers and mixed yearlings, $4.50® 7.75: market not established on cow stuff: bulls steady; sausage kinds downward from $3; good and choice vealers. $6 50. Sheep Receipts, 3.000; few choice lambs to small killers steady to 25c lower at $5.50® 5.75; packers taking 25c or more lower, indications steady on sheep. By Times Special LOUISVILLE. Aug 22 —Cattle—Receipts. 1.000; general auahty only fair; market slow; mostly steady with some weakness on lower grade steers and heifers: bulk common and medium grass steers and heifers s4® 5 50; better finished kinds. $6.75; very little here of valup to sell above; bulk beef cows. $2 50® 3.50 earlytop. $4: low cutters and cutter cows, sl® 2 25; bulls. $3 down: most desirable light Stockers, $4.50® 5.50. Calves. 750; steady: better light vealers. ss® 5 SO: medium grades including most heavv calves. $3.50 ® 4 50: theswouts. S3 down. Hogs—Receipts. 1 000: market 15c lower: ISO-220 lbs., $4.0: 225-255 lbs.. $4.15: 260-295 Ihs 33.80: 300 lbs. up. *3.30; 140-155 lbs.. $4; 135 lbs. down. $3 60: sows, $2-20 ./2 95 stags. $1.95. Sheep—Receipts. 2.000; lambs in light supply: quality plain: market steady, bulk better grades. $5.50; choice absent. salable to $6; medium grades including bucks mostly 53.50tf4.50; throwouts. $3 down: fat ewes, sl®2; stock ewes active, fullv steady; mostly $5.50 per head down with best ewes to $6.25 Saturday i shipments: Calves, 565. and; sheep. 249.

BELIEVE IT or NOT

Cll MARQUIS! de MONTesPaNI /) \ jl'i Swcdheoivt ©j UxmsXET j fy* >4 losr*/,50aooo£? \ V v> %, 1 ) AT CARDS IN ONE EVcNiNu (pgl 'v Vvsy,-. / \ f * t## 5 v . x is y . v pj © 1932 t Kin Fritum Syndicate, lr>c,Cu-Jt Britain nhti iwr'cd. (■■ N The clock that runs (j J REFLECTED in Correctly < S2SSE2? A PITCHER !T “Mi ii Around ant) CAM Va/im A GAME * f ,J* weighs (20 lbs v/imooT Pitching a '"H Oumed.by SINGLE. BALL To A BATSMAN The LARGE Post office Irma tARE-K. \*, ONLY 12 FT WIDE AND 25 FT LoMQ Hockley,TeXAS. -LARGE, PA. How. -[f you fiGURE IT OUT see Tomorrows Paper &2Z.

Dow-Jones Summary

American Piano Corporation in year ended June 30 reported net loss of $162.222 after all charges, against net income of $42,708 in previous year. National Power and Light Company shows current assets as of June 30, 1932, including $15,183,803 cash and marketable securities amounted to $19,6*2,973 and current liabilities were $812,313; this compares with cash and marketable securities of $15,014,116; current assets of $19,482,327 and current liabilities of $840,427 on June 30, 1931. Drug, Inc., in six months ended June 30 earned $2.19 a share, against $3.04 a share in first half of 1931: June quarter earnings amounted to 89 cents, aganst $1.30 in previous quarter and $1.50 in June. 1931, quarter. National Power and Light Company in twelve months ended July 30 earned 51.56 a common share, against $1.71 in twelve months ended June 30. 1931. Jewel Tea Company, Inc., in twentyeight weeks ended July 16, 1932, earned S2 a common share, against $2.81 in like period of 1931. Canadian c.ar loadings in w'eek ended Aug. 13 amounted to 39,050 cars, against 35,235 in previous week. Sherman Clay & Cos. in six months ended June 30, 1932. reported gross sales amounting to $993,982 and net loss of $135,824 after cost and sales and expenses and adjustment for miscellaneous income. Reading Company for June reported gross revenues amounting to $3,554,749, and net operating income of $691,987; in July, 1931, gross revenues totaled $5,381,905 and net operating income $136,335. California crude oil output in week ended Aug. 20 averaged 473,900 barrels daily, against $174,675 in previous week, according to California Oil World. National Railways of Mexico in June showed balance after charges amounting to 164.821 in Mexican dollars, against 1.760.296 in June. 1931; six months' balance after charges totaled $1,360,160, against 8.608,128 in first half of 1931.

Chicago Fruit

By United Press CHICAGO, Aug. 22.—Apples—Illinois Weaithies, bushels. 70® 75c. Cantaloupes —Western, crates. sl® 1.50; Michigan, crates, 50c®$l. Melons—California, Honey Dews. *1.75® 2: Honey Balls, *1.75® 2.25. Blueberries—Michigan. 16-pint, $1.75® 2.50. Peaches-Georgia Elbertas. bushel, $1.25® $1.50; Illinois Hales and Elbertas, bushel, $1.25® 1.50; Michigan South Havens, bushel. 75c® $1.25. Births Boys William and Willa Taylor. 2029 Massachusetts. William and Mattie Irwin, 3908 East Eleventh. Leslie and Esther Galloway, 1754 South Meridian. Kirby and Musetta Smith, Coleman hospital. Lora and lona Pyle. Coleman hospital. Clarence and Artie Denton. 1004 Y West Twenty-eighth. Horace and Fern De Vening. 523 West Fifteenth. Vernie and Edna Andrews, 2519 North Olney. Charles and Clara Snyder. 1003 West Thirtieth. Joe and Lena Whites, Methodist hospital. Hubert and Ethel Child., Methodist hospital. Girls Marvin and Ruth Wilson, 1218 Nordyke. Charles and Germaine Morgan, IBIS’Tabor. Dayton and Margaret Basey, Coleman hospital. Elliott and Fairy Leonard, Coleman hospital. Otto and Pauline Bade, Methodist hospital. Methodist hospital. Do;*vld and Charlotte Crowder, Deaths Annie E. Wines, 58, 1038 North West, carcinoma. Lewis Weisenburger. 87, 1421 North Delaware, arterio sclerrsls. Paui E. Elliott. 5 months. 2001 Hovey, acute colitis. Thomas H. Lindley, 71, city hospital, acc.dental Florence F. Manifold. 27. Christian hospital, acute dilatation of hgart. Louann Hill, 65, 5102 North Capitol, arteriosclerosis. .Robert M. Love. 39, Methodist hospital, broncho pneumonia. Ella Halloran, 75. 637 East Thirty-eighth, pulmonary hemorrhage August' Krebs. 67, 614 Ingomar. myocarditis. imes Bowers. 79, 1150 West Thirtieth, ch.ohic myocarditis. Betty Jean Kindle. 10, 1921 East Minnesota. fractured skull. Thomas Wesley Belcher, 58. LUong hospital. diabetes mellitus. Denton Blankenship, 1 month, 1026 East ] Georjia.. ileocolitis.

ilclrher (Trust Company

★ Safety for Savings Fletcher American NATIONAL BANK Southeys* Corner o# Mark#* and Pennivlvanie

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

Other Livestock B\j United Press CHICAGO. Aug 22.—Hogs—Receipts, 28,000, including 7,000 direct; slow, weak to 10c lower than Fridav: 180-220 lbs.. $4.70% 4.80: top $4.85: 230-260 lbs., 330 lb'_ S4(O-4.40; 140-170 lbs.. $4.40®4.75; pigs. 75(0'.25: packing sows, $3.25(03.90; ligh( lights, 140-160 lbs., good and choice. $4.40(b 1.75; light weight lb'o-200 lbs., good and choice, $4.50(0 4.85: medium weights, £OO-250 lbs., good and choice, $4.45(0.4..80; heavy weig’.its. 250-350 lbs., good and choice, 3? — Oif/4 55; packing sows. 275-500 lbs.. men rm and good, $3.1553 90; slaughter pigs, 100-1,000 lbs., good and choice, $3.7504.35. Cattle—Receipts. 16.000; calves, 1,500; fed steers and yearlings very slow, mostly 25c lower; only load or so highly finished offerings holding steady; inbetween grades predominating with fairly liberal supply grassy and short fed steers here: stockers steady; early top fed steers, $9.50, some held higher; bulk of crop eligible to sell at $7®8.75; she stock steady 25c lower: slaughter cattle and vealers. steers. 600-900 lbs., good and choice. $7.50(U9.25; 900-1.100 lbs., good and choice. $7.5047 9.50; 1,100-1,300 lbs., good and choice, $7.75(09.85; 600-1,300 lbs., common and medium. $44/ 7.75: heifers, 550 lbs., good and choice. $6.50(7*8; common and medium, $3,504/6.50; cows good and choice $3,254/5.25; common and medium, $2,504/ 53.25; low r cutter and cutter, $1.504?2.50; bulls yearlings excluded good and choice beef, $3.35(77.4.75; cutter to medium. $2.25(0; 3.25: vealers milk fed good and choice, $64/7; medium, $4.534/.6; cull and common, s3@4jjo: stocker and feeder cattle; steers 500-1,050 lbs., good and choice, $5,504/ (0 6.50: common and medium, $3.504i 5.73 Sheep—Receipts. 25,000; very slow; better grade lambs fully 2Ec lower; spots off more; good natives, $5,254*5.50 to packers; few' choice, S6(O 6.25; to city butchers, western butcher.', 30; slaughter sheep and lambs; lambs, 9u . .s. dow'n, good and choice, $5.25 4/6.50; medium, $4,504/5.25; all weights common, $3.50(0 4.59; ewes. 90-150 lbs. medium to choice, 31.504*2.50; all weights cull and common, $1472; feeding lambs 50-75 lbs., good and choice, [email protected]. Bn United Press EAST BUFFALO. Aug. 22.—Hogs—On sole, 4.600; despendable trade to ail interests: strong to fnostlv 5c over Friday’s average; good to choice. 160-210 lbs., $5.40; mixed offerings. $5,254*5.35; 230-260 lbs., [email protected]; weights below, 150 lbs.. SS(O 5.25. Cattle —Receipts, 1.150: two-way steer trade; dry feds slow. 25*40c lower: grassers active, strong to soc higher: good steers and yearlings, SB4/8.50: few loads, $8.75479: later fed lot meats of last Monday. $9.35; fleshy grassers and short feds. $6,504/7.75; common grass steers and heifers. $4,504/5.75; fat cows, $3,504/4cutter grades. $1,754*2.75. Calves—Receipts, 700; vealers active: strong to mostly 50c higher; gone! to choice. $8: common and medium, $54/ 6.75. Sheep—Receipts. 5.700: fat lambs generally 25c lower: medium and lower grades, strong to 25c higher; good to choice ewe and wether lambs, moderately sorted, $6.50; bucks. $5.50: throw'outs mostly $5; fat ewes. $2.50 4/ 3.25. Bii United Press FT. WAYNE. Ind.. Aug. 22.—Hogs—Market, 15c lower, pigs $4,254/4.50; light lights. $4.50®4.65: lights. $4,654/ 4.75: mediums, $4,504/4.65. heavies. $4.25474.50; light roughs, $3.25(0.3.75: heavy roughs, $2.75®3.25: stags. $1.50472: calves, $6.50: gwe and wether lambs, $5.25; bucks, $4.25. Bn United Press LAFAYETTE. Ind., Aug. 22. MarkPt, lOfi 15c lower; 160-210 lbs.. $4,554/ 4.60; 21023.3 lbs. $4 45474.50: 235-260 lbs.. $4.35® 4.40: 250-230 lbs.. $4,254/ 4.30; 280-323 lbs., $44*4.15; 130-160 lbs.. S4(O 4.25; ICO-130 lbs.. $3.75: roughs. $3.25 down; top calves, $5.50: top lambs. $5. Bn United Press TOLEDO. Aug. 22.—Hogs—Receipts. 350; market, steadv; heavy vorkers. $4,754/ 4.90: mixed. $4,754/4.90: bulk, $4,754/ 4.85: pigs. $447 4.25: lights, $44/ 4.25; roughs, $347 3.25. Cattle—Receipts. 150; market, slow, steady; good to prime steers. $7,504/ 8.50; fair to choice cows, $34/ 3.75; fair to good bulls, $3473.50; fair to choice heifers. $4.5047 6; good to choice Stockers, $4,504/ 5; calves, receipts, light: market, strong; choice to extra, $74/7.50: fair to good. $64/6.50. Sheep and lambs—Rereinls. light; market. 25c lower; yearlings, $34/ 3.50; spring lambs, $347 5.50. Chicago Stocks Opening (Bv James T. Hamill & Cos.) —Aug. 22 J S Rad & Tel 10%tnsull 6’s ’40.. 4% 3endi\ Avia 10% Middle West % Borg Warner... 9V Sbd Utilities 1% Cities Service... 5 I Swift & Cos.. 13% 2ord Corp 3(41 Swift Inti 23% 2ont Chi com.. 2% Grigsby Grunow 1% Plumbing Permits L. J. Hyland. 2164 North Pennsylvania. Hayes Bros., Layman and East Washington. Eli Kain, 1922 West Michigan. C. A. Johnson. 1937 West New York. C. A. Johnson, 521 Mozart. The Braille system which permits the blind to read was perfected by Louis Braille more than 100 years ago.

The American Utilities, Securities Cos. 833 Continental Bank Bids. Listed Securities

Checking Accounts Interest Paid on SAVINGS And Certificates of Deposit AETNA Trust and Savings Cos. *3 North Penney Irani* Street Lincoln 1371

RV O. U JL Patent Office RIPLEY

The City in Brief

Municipal ownership of utilities will be discussed by Jap Jones, secretary and field representative of the Municipal Rights League of Indiana at the Tuesday noon meeting of the Universal Club, according to Lester C. Nagley, who is in charge. Forty-eighth annual Marion county old settlers’ meeting will be held Thursday at Broad Ripple park, with Attorney Otto W. Cox as one of the principal speakers, it was announced today by B. W. Heaton, president. The session will open at 10 a. m. and a basket dinner will be served at noon. Mrs. Marguerite Kenney is vice-president and secretary. Annual reunion of former Dubois county residents now living in or near Indianapolis will be held Sunday at Garfield park. Walter N. Mann, 811 Prospect street, is secretary of the family organization. Loot of about .$25 was obtained by burglars who forced open a safe in the office of the Washington Auto Sales Company, 430 North Capitol avenue, Saturday night. Karl Stegemeier of the New England Life Insurance Company, has been named extension instructor in life insurance fundamentals, in anew evening class to be featured at the extension division of the Indiana university in Indianapolis. Stegemeier’s class will meet Wednesday evenings, beginning Sept. 28. Jap Jones, of Martinsville, field representative of the Municipal Rights League, will speak at a meeting of the Universal Club, Tuesday, at the Columbia Club. Jones’ subject will be “Municipal Ownership of Our Public Utilities.”

New York Curb Market

(By Thomson McKinnon) —Aug. 22Mum Cos of Am 55 11:00 \m Cvnamid .. 4% Elec Pwr Asso:. 6% 4m Gas & Elec 32 Ford bf Eng . . 3% 4m Lt <L Trac. 21% Goldman Sachs. 2% 4m Super Pwr. 4% Gulf Oil 37% 4rk Gas <A> . . 2% Midwest Util % Asso Gas & El 4% Pcnroad 2% Oan Marconi .. l%Salt Creek 5 Cent Sts Elec,. 2% 3td of Ind .24 Cities Service.. 5% United G <newi 2% Cord 3* Un Lt & P (A) 8% Deere & Cos ... Il*aUt Pwr 2% SI Bnd & Sh.. 23%!Un Fndrs 2% About 800 different kinds of wood are known to the timber trade.

JAMES T. HAMILL & CO. Members CHICAGO STOCK EXCHANGE CHICAGO BOARD OF TRADB NEW YORK CURB EXCHANGE (ASSOCIATE) We announce the dissolution of our firm, by mutual consent, as of this date. JAMES T. HAMILL KENNETH K. WOOLLING Indianapolis, August 20, 1032

We take pleasure in announcing the opening of a Branch Office at 203 Continental Bank Building INDIANAPOLIS Telephone: Riley 5493 under the joint management of Messrs. James T. Hamill and Kenneth K. Woolling Abbott, Hoppin & Cos. Members NEW YORK STOCK EXCHANGE NEW YORK CURB EXCHANGE CHICAGO BOARD OF TRADE CHICAGO STOCK EXCHANGE CHICAGO CUR'i EXCHANGE 128 Broadway 20* Sooth Ij Salle Street NEW YORK CHICAGO Hotel Pierre, New Tor* Indlanapotle, Indiana Appleton, Wteeonetn Private Wires to BUFFALO CHICAGO DETROIT INDIANAPOLIS TORONTO PHILADELPHIA ROCHESTER MONTREAL New York, August 22, 1932

PAGE 9

GRAIN OPTIONS RISE ON FIRM FOREIGN NEWS Bullish Weekly Statistics Add to Confidence in Values. BY HAROLD E. RAINVILLE United I*re Staff Carresnondent CHICAGO. Aug 22. -Wh ea t opened firm cn the Board of Trade today in response to the steadiness abroad. Decidedly bullish weekly statistics, with light shipments further reducing stocks of wheat in England, gave Liverpool steadiness and more than offset the weakness at Winnipeg on Saturday. Trading was not heavy and the price movement was narrow at the start. Corn was around steady and dull, oats were firm but rye was weak. At the opening wheat was % to % cent higher, corn was % cent lower to % cent higher, oats unchanged to \ cent higher and rye was % to % cent lower. Provisions were slow and easy. Liverpool was higher than expected at the opening and at midafternoon stood % cent lower to % cent higher. The marketing of the spring wheat crop is now in full swing with Canada expected to rush its marketing before the Argentine movement gets underway. Asa result, hedging is expected in both Winnipeg and northwestern markets. Sentiment in corn is mixed. Price movements are small owing to the limited trade that has resulted from the heavy tax imposed upon transactions. Oats made new lows every day last week and now are selling at the lowest levels ever known. Tired holders have been liquidating. The price to the producer in lowa is only 7 cents per bushel and in Illinois 10 cents per bushel.

Chicago Grain

—Aug. 20— ~,, . Primary Rects. Wheat 1,128.000 corn 687,000 ° ats 874,000 Futures Range —Aug. 22WHEAT— Prev< „ , . High. Low. 10 00 close! September ... ,aO% .50 .50% 50 December 54% .53% .54% .53 s , M y_, 58*4 58% .58 s , .58 % CORN September ... .30% 30% .30% 30 s , December ... .32% .32% .32% :32% M 37 3fi7 ' 37 3 ® 7 ’ September .. .15*, .15% .15% .154 December .. .18 .17% .17% 17% September .. .30% .30 .30% .30% December ... .33% .33% .33*2 .33% M lard— 37T * ■ 37 ’ 2 • 37,,, 37 ** September 5.07 5.10 October 497 5 .os January 4 85 4.85 Bi/United Press CHICAGO. Aug 22.—Carlots: Wheat. 31: Corn. 204: oats, 116: rye, 0, and barley, 10. KIDNAPING IS FEARED Relatives Think Banker Is Spirited Away from Chicago Loop. B;/ United Press CHICAGO, Aug. 22.—Relatives of William A. Emsting, 42-year-old vice-president of the First State bank of Bensenville, a suburb, told police today they believed the banker had been kidnaped. Ernsting disappeared Saturday afternoon after conferring with an attorney, W. H. Fisher, at Fisher’s office in the loop. He did not return, home.

In the Air Weather conditions at 9 a. m.: South southeast wind. 5 miles an hour; temperature. 75: barometric pressure, 30.24 at sea level; ceiling clear, smoky, unlimited; visibility, 4 miles; field, good. Hoover Returns From Camp Bn United Press WASHINGTON, Aug. 22.—President Hoover returned to the White House at 9:20 a. m., today after a three-hour motor trip from his Rapidan <Va.) camp where he spent the week-end. Mrs. Hoover was expected to return later In the day.

How Long Can a Fixed Trust Stay Fixed? •V Common Stork InvMlmfnt progrnm must have flexibility. - In our opinion, a Fixed Trnt doe* not meet this requirement. Consult with us or write for complete details and onr suggestions. I\P BURKE Hi GO, Incorporated SUITE 22? CIRCLE TOWER PHONE Riley 8538