Indianapolis Times, Volume 44, Number 91, Indianapolis, Marion County, 25 August 1932 — Page 12

PAGE 12

HEAVY BUYING SENDS STOCKS TO NEW HIGHS Tickers Pushed to Limit to Keep Pace With Rush of Trade.

Average Stocks Prices

Average of thlrtv industrials for Wednesday, high 74.01. low 70 82. last 73 55, up 1.42. Average of twenty rails 36.62, 32 65 36 32 up 2 87. Average of twenty utilities 32 97 31,56. 32 69. up 43. Average of forty bonds 82 59. off 67. BY ELMER C. WALZER I'nited Press Financial Editor NEW YORK, Aug. 25.—Wednesday's late buying rush carried over into today's stock market session and opening prices rose fractions to more than a point in active turnover. Blocks ranging from 1,000 to 5,000 shares were brought out. Cotton futures jumped into new high ground for the year, rising 50 cents a bale on top of Wednesday’s rise of $3 a bale. A long list of stocks made new highs for the year at the outset and in the early trading which witnessed advances in all sections, notably the railroad Issues. eAmong the shares making new tops for the year were American Rolling Mill at 15, up %; Reming-ton-Rand, 5%, up Vi; Noranda Mines, 19Vi, up Vi on 5,000 shares; Chicago Northwestern, 14, up >4, and Pullman, 26 %, up %. Montgomery Ward equaled its high at 12%. Steel common opened at 45!i, up V 4, and then rose to anew high on the movement at 46Vi. National Steel made anew 1932 high at 27%, up Vi. Bethlehem held unchanged at 20Vi. New York Central was active in the rails, rising to 29, up Vi. American Telephone opened at 117 Vi, up Vi, slipped back fractionally and then recovered the loss. Tickers were strained to keep pace with the volume of trading after the opening.

Bank Clearings

INDIANAPOLIS STATEMENT —Aug. 25 Clearings *1,648,000.00 Debits 3,993,000.00

Investment Trust Shares

(By Abbott, Hoppin & Cos.) TRICES ARE TO 12 NOON, C. S. T. Bid. Ask. Am Founders Corp, com.. 2.00 2.25 Amer and Gen Sec (A) 5.00 9.00 Am Inv Tr Shares 2.20 2.40 Basic Industry Shares ... 2.45 2.55 Collateral Trustee Sh (Ai 3.25 3.50 Corporate Trust (new) ... 2.00 2.15 Cumulative Trust Shares.. 3.15 3.25 Diversified Trustee Sh (A) 800 .... Fixed Trust Shares (A).. 7.00 Fundamental Trust Sh (A) 3.50 3.80 Fundamental Trust Sh (B) 2.50 2.65 Leaders of Industry (A).. 3.00 3.25 Low Priced Shares 3.40 3.50 Mass Inv Trust Shares... 15.50 17.25 Nation Wide Securities . . 2.85 2.92 North Amer Tr Sh (’58).. 208 2.15 Selected Cumulative Sh... 5.75 6.12 Selected Income Shares... 3.12 3.50 Shawmut Bank Inv Trust 1.25 .... Std Amer Trust Sh 3.10 3.20 Super Corp of Am Tr Sh.. 2.95 3.05 Trustee Std Oil (A) 3.75 4.00 Trustee Std Oil (B) 3.75 4.00 U S El Light it Pwr (A).. 16.75 17.25 Universal Trust Sh 2.32 2.42

New York Curb Market

(By Thomson & McKinnon) -—Aug. 25 11:00 11:00 Alum Cos of Am 61 jlnsull Ut % Am Cynamid .. 4'/2|Mldwcst Util ... % Am Gas & El. 38 7 /bMo Kan Pipe... Vi Am Lt & Trac. 24 |Nat Invest ... 3 Am Super Pwr 6 Nat Aviation... 4 Ark Gas (A).. 2Vg|Newmons Min .. 18% Asso Gas <fc El 4% Nat Bnd & Sh. 27% Braz Pwr & Lt 10 jNia Hud Pwr .. 18% Can Marconi .. l'/ajNiles 7 7 /a Cent Sts Elec.. 3%jPenroad 3% Cities Service .. 5V* St. Regis Paper SV B Cons Gos Balt 63 Salt Creek ... 5% Cord 3% Sel Indus 2% Deere & Cos ... 14% Std of Ind 24% El Bnd & Sh.. 32% Stutz 18 Ford of Can ... 9% United G (new) 3 Ford of Eng .. 5 Un L & Pwr (A) 8% Goldman Sachs 3%!ut Pwr 3% Hudson Bay .. 2%!Un Fndrs 2Vi Imp Oil of Can 9%1

New York Bank Stocks

(By Thomson St McKinnon) —Aug. 24Bid. Ask. Bankers 66%- 68% Brooklyn Trust 188 203 Central Hanover 149 153 Chase National 39% 41% Chemical 38% 40% City National 48% 50% Corn Exchange 70'% 73% Commercial 166 170 Continental 18% 20% Empire 26'% 28% First National 1,630 1,730 Guaranty 311 316 Irving 23% 24% Manhattan & Cos 31% 33% Manufacturers 30% 32% New York Trust 95 98 Public 31% 33% Title 48% 50% New York Liberty Bonds —Aug. 24 Close Liberty 3%s 100 25 Liberty Ist 4%s 101.13 Liberty 4th 4%s 103.2 Treasury 4%s 107.9 Treasury’ 3s 96.29 Treasury 4s 104. Treasury 3%s 102. Treasury 3%s 97.30 Treasury 3%s of '47 100.15 Treasury 3%s ’43 March 100.15 Treasury 3%s ’43 June 100.15

Chicago Fruit

By United l're** CHICAGO, Aug. 25. Apples—lllinois and Michigan wealthles bushel, 75c® $1; Wolf Rivers bushel, 75c®*1: Michigan Duchess bushel. 75c®$1; Illinois Maiden Blush bushel. 75c. Canteloupes—Western flats, 40® 75c; Michigan crates, 50c@$l. Melons—California Honey Dews, *1.25 ST.SO. Blffueberries—Michigan. 16 quart. *1.75® 2 50. Peaches—Georgia Albertas. *1 25® 1.50: % bushel, 65@75c; Albertas bushel, sl.lo® 1.50.

Local Wagon Wheat

City grain elevators are paying 42c for No 2 soft wheat. Other grades on their merit. PLAN ARMISTICE RITES General Civic Committee Will Draft Program for Nov. 11. Plans for observance of Armistice day Nov. 11 will be made Friday night at a meeting of the Armistice day general civic committee at the Antlers. A general chairman will be chosen and plans made for a parade and program at the Monument. The meeting was called by B. W. Breedlove, general chairman last year. Struck by Auto; Injured Knocked to the pavement when struck by an auto today at 4600 Kenwood avenue, Ernest Sloan, 21, of 509 North New Jersey street, incurred bruises and is in city hospital. Dave C. Aegischer, 36, of 1817 North Delaware street, driver of the car, was not arrested.

New York Stocks 1 "(B Thomson 8k McKinnon)

—Aug. 25 — Railroad* — Prcv. High. Lew. 11:00. close Atchison #• Ati Coast Line.. 35% 34' 35‘a 34, 4 Bait <v Ohio 16‘a 16% 16-* 18.4 cnesa St 0n10... 28' 28 _ 28 2( % Chesa Corp ... 1# I*% }•'• Can Pac 17% 17% Ij’a Chi Ort West ... ... 4,3 4 3 Chi N West .... 144 14 }}% CRI & P 11% 11^ Del L6c W 32 W 32‘a Del it Huason 88 8a 2 Erie 10% 10% 10% 10'a Erie Ist pfd ••• ••• J’j'% Ot Northern ... 19% 19 19.a 4 Illinois Central 19 ‘a 18% 19 2 1 • Kan City 80 .. . 13% 13‘. 13’* 11 • lou it Nasn 39 * 29 2 MKSt T ••• ’• ?;* Mo Pacihc .... 9 8 9 7/ Mo Facinc pla. US 16 17% la 4 N Y central ... 29 28% 29 28 a Nickel Plate ... 9 8 2 8 % NY NH At H 24% 24 * a 24’. 24% Nor Pacific 21% 21% 31 Va 21 Norfolk it West. 113 112 113 110 Oas W .. 10% 10S 10% 10% here Mara .. • 10 15 Pennsylvania... 19% 18 7 a 19% l/ Reading 48 48 Seaboard Air L. .. ••• So Pacific .... 25% 25% 25% 24% boutnern Ry . . 15% 14 J % 15 % 13 % bt Paul , 37a bt Paul pid % 5% 8% 4 St. L & 3 F ... 4 Vh 4 4Va union Pacific ... 82% 81 82% 80% Wabash 3 Vs 3% W Maryland .... 7% 7% 7% 8% West Pacihc 6% 3% Equipments— _ Am Car At Pdy 11% 11% Am Lomotlve .... }*% Am bteel Pa ... 11% 11% 11% 10% Am Air Brake Sh ... IS Oen Am Tank... 18% 18 18 17% General Elec ... 20‘/4 19% 20% 19% (jen Ry Signal.. 18 17% 18 17% Press btl oar 2% Pullman 27 26% 26% 26 Westlngh Ar B 17 17 Westingn Eiec... 40 39% 39% 39% Muouers — Firestone 14% 14 14% 13% Fisk % . • Goodrich 8% 8 8% 7% Goodyear 20% 20'% 20% 19% rveily bprgfld 1% Lee ftuDoer ... 3% b and Kuooer .... 5% o% • a% 5% Motors— Auburn 69% 68% 69% 68 cnrysler 15% 15% 10% 19% General Motors.. 16* 18V* 16% 18% uranam palge .. 3% 3% 3‘/4 3v Hudson : ... 7% 7% Hupp 3% 3% 3 '/a 3% Mack 21% 21 % 21% 21% Marmon ... ... 2% Nash 16% Packard 4 3% Peerless 2% Reo ... ... "2% Studebaker .... 7% 7% 7% 7% Yellow Truck 4 4 Motor Access— Bendix Aviation 11% 11% 11% 11% Borg Warner 10% 10 Briggs 6% 6% Budd Wheel 2% 2% Eaton ... 7% 7% El Auto Lite 20% 20% 20% 20 El Storage B 28% 28 Haves Body 1% 1% Houda 32% 32% Motor Wheel 4% Murray Body 5 4% Sparks-W 3 Vs 33% 3 Stewart Warner 5% 5% Timkin Roll ... 19% 19% Mining— Am Metals , 8% 6.* Am Smelt 20% 20% 20% 20% Am Zinc 4% 4% Anaconda Cop.. 11 10% 10% 10% Alaska Jrn 12 11 * Cal St Hecla ... 4% 4 Cerro de Pasco.. 13% 12% 13% 13% Dome Mines ... 10'% 10% Freeport Texas.. 24% 24% 24 1 /* 24 Granby Corp .. 8% 7% S'/s 7% Howe Sound , 10% Int Nickel 10% 10% 10% 10% Inspiration 4% Isl Crk C0a1.... ri 16% 17 16 Kennecott Cop.. 14% 13% 14% 13% Magma Cop _ 9 Miami Cbpper .. 4% 4% 4% 4 Nev Cons 7% 7% 7% 7 Noranda 20 19% 19% 19 Texas Gul Sul.. 23% 23% 23% 23% U S Smelt 20% 20% 20 Va 20 Vi Oils— Amerada 20% 20 20 20 Atl Refining 19% 19V4 19% 19% Barnsdall ... 6% 6% Houston 4% 4% 4% 4V4 Sbd Oil 15% 15% 15'/a 15% Mid Conti 7% 7% 7% 7 Ohio Oil 10% 10 Va 10% 10% Phillips 7% 7% Prairie Pipe ... ... 11% Pure Oil 6',4 6% 6% 6 Royal Dutch 21 Vi Shell Un 6% 6% 6% 6% Simms Pt ... ... 6% Cons OH 29% 29% 29% ... Skelly ... ... 4% Stand of Cal ... ... 29% Stand of N J .. 36% 35 7 /s 35Vs 35% Soc Vac 11% 11% Texas Cos 16% 16% 16’/* 16% Union OH .... 14% 14'/ g 14% 13% Steels — Am Roll Mills.. 15Vi 15 15 14% Bethlehem 20% 20Vi 20% 20% Byers A M 18 17% 18 17% Colo Fuel ’lO% 9% Cruc Steel ... ... 18 Inland 23% 23 23% 22% Ludlum 7% 7% McKeesport Tin 51 50% 51 50 Midland 8 7% Newton 5 4% Repub I & S ... 8% 8% 8 -8% U S Steel 46% 45% 4E% 45% Vanadium 18% 18 18 Vi 17% Youngst S & W 8% B'4 Youngst S & T 20% 19% 20Vs 19% Tobaccos — Am Sumatra 9% Am Tob A New 78% Am Tob B New. 81 80% 81 80% Lig & Myers 8.. 60 59% 59% 59 Lorillard 17'4 17'/* 17% 17 Reynolds Tob .. 36% 36 36'/* 36 United Cig 1% ... Utilities— Abitibi 2% 2 2 2 Adams Exp 7% 7'/* 7% 7% Am For Pwr.., 11 10% 11 10% Am Pwr & Li.... 13 12% 13 12% A T & T 117% 117 117% 117% Col Gas & El.. 18 17% 17% 17% Com St 50u.... 4% 4'/* 4% 4% Cons Gas 61% 61% 61% 61% El Pwr St Li.... 11% 11% 11% 11'/* Gen Gas (A) Inti T St T.... 12% 12% 12% 12% Lou Gas & El.. 21% 21'/* 21% 21 Natl Pwr St Li.. 18% 17% 18% 17% No Amer Cos .. 34% Pac Gas it El.. 32% 32 32% 32 Pub Serv N J 51% 51% 51% 51 So Cal Edison.. 29V* 29% 29% 29% Std G St El 24% 23% 23% 23% United Corp .... 11% 11 11'/* 10% Un Gas Imp 20% 20% 20% 20'/* Ut Pwr & L A.. 7% 7% 7% 7% West Union 40V4 39% 40% 39'/* Shipping— Am Inti Corp.... 9% 9% 9% 9% N Y Ship 3% United Fruit 30 29% Foods — Am Sugar 31% Armour tAI 2 Beechnut Pkg 44 Cal Pkg 12 12 Can Dry 13% 13'/* 13% 13'/* Childs Cos 4 4 Coca Cola 101% 101 101% 101 Cont Baking A. 7% 7V* 7% 7'/* Corn Prod .... 49% 48% 49% 48% Crm Wheat 19% 19% Cudahy Pkg ... ... 34% Cuban Am Sug .. ... 2% 2% Gen Foods ... 30% 30% Grand Union 9 Hershev ... 65 61 Jewel Tea ....: 31 30% Kroger 17% 16% 17 16% Nat Biscuit 42% Natl Dairy 24% 23% 24 23% Puritv Bak 12% 12 12% 12% Pillsburv 17 Safeway 5t...... 50% 49% 50% 49% Std Brands 16% 15% 16% 15% tlru-s — Cotv Inc ... 4% 4%

Produce Markets

Delivered in Indianapolis prices: Hens, heavv breeds. 12c; Leghorn hens, 10c; broilers, colored springers, IVa lbs. up, 12c; bareback and partly leathered. 8c; Leghorn and black, I*2 lbs. and up, 10c; cocks and stags, 6c; Leghorn cocks, 4c. Ducks, large white, full feathered and fat, 4c; small. 2c. Geese, full feathered and lat, 4c. Young and old guineas. 15c. Eggs —Approved buying grades of Institute of American Poultry Industries—No. 1,17 c; No. 2. 11c; No. 3.7 c. Butter—22®23c; undergrades. 20@21c; butterfat, 18c. These prices for healthy stock, free from feed. No sick poultry accepted. Quoted by the Wadley Company. By United Press CLEVELAND. Aug 25.—Butter—Market, steady; extras, 18*c; standards. 18’c. Eggs—Market, steady; extra firsts, 18c; current receipts. 16c; extras. 20c. Poultry —Market, steady; heavy colored fowls. 15®16c; medium broilers, 13®14c; Leghorn fowls, 10® 12c; heavy colored broilers. 15®16c; heavy rock broilers. 16®.17c: Leghorn broilers. 13c; ducks. 10®12c; old cocks. 10®llc: young geese. 10®12c. Potatoes —Ohio bushel sacks partly graded. 60c; Ohio. Kentucky and West Virginia. 100-lb. sacks. 5161.10. CHICAGO. Aug. 25—Eggs—Market, unsettled: receipts 9,157 cases; extra firsts, 17®18'<c: firsts 16‘a®17tic; current receipts. dirties, IOJHSc. Butter —Market, steady; receipts, 9,342 tubs; extras. 18 s 4C; extra firsts. 17Vk®18c; firsts, 16>2®17c; seconds. 15@15Hc standards. Poultry—Market, easy; receipts. 1 car 39 trucks; fowls, 16c; springers, 13c; Leghorns, 11c; ducks, 10®122c; geese. 9® He; turkeys, 10® 12c: roosters. 10c: Leghorp broilers, ljg.: chickens. 12'2®14>2C. Cheese—Twins, 127,®T3c; Young Americas. lSV.fsia'iC. Potatoes —On track 148; arrivals, IQS: shipments 388; market, slightlv weaker; Nebraska Cobblers, 75® 80c; Wisconsin Cobblers. 75® 80c; Minnesota Early Ohios. 65<jr'7' 2 c. By United Press NEW YORK. Aug. 25.—Potatoes—Market, dul; Long Island. 75c®*1.60 per barrel: New Jersey. 70c® *1.35. Sweet Potatoesmarket. firm; Jersev baskets. 25®60eSouthern baskets. 75c®*1; Southern barrels $1.75® 2. Flour—Market easy; spring patents. *3 95® 4.25 per barrel. Park—Market. steady. Mess. *19.75 per barrel. Lard —Market, firm. Middle West Spot—*s.so® 565 per 100 lbs. Tallow—Market, quiet; special to extra. 3 l @3Hc per lb. dressed poultry, market, firm: turkeys. 10®33c; chickens. 14®25c; broilers. 14®27c; fowls. 10® 20c; Long Islands ducks, 12® 14c Live Poultry—Mark/Tt, steady: geese. 7®l2c; ducks. 8® 16c; fowls. turkeys. 10® 18c; roosters. 10611 c: broilers. 10®19c; chickens pullets. 16®21c. Cheese—Market, America, 1461714 c. i

Drug Inc 46% 46% 46% 46% Lambert Cos 42% Lehn it Fink 19% 19 Industrials— Am Radiator... 9% 8% 9 9% Bush Term 8% 8% 8% 8% Gen Asphalt... 10% 10% 10% 10% Lehigh Port 9 Otis Kiev 19% 18% 19% 18 Ulen ._ 2 Indus Chems— Air Red 6% 61% 61% 60% Allied Chem ... 84% 83% 84 83% Com So'v 10% 10% 10% 10% Dupont 41 40% 40% 40% Union Carb 27 s , 27 27% 26% U S tad Alco.i. 31% 31% 31% 31% Retail Stores— Assoc Dry Gds. 8% 8% 8% 7% Gimbel Bros 2 s * Kresge 8 S 13% 13% 13% 13% May D Store ... 18 17% 18 17 s * Mont Ward 13 s . 12% 13% 12 s * Penny J C 25% 24% 25% 24% Schulte Ret St 2% 2% Sears Roe 24% 23% 24 23% Wooiworth 40% 39% 40% 38 s * Amusements— Crosley Radio 5% Eastman Kod .. 60% 55% 57% 55 Fox Film A 4 s * 4% Grigsby Gru 2V 2 Loews Inc 33% 33% 33% 33% Param Fam .... 7% 7% 7% 7% Radio Corp 9% 9 9% 9'/ R-K-O 5% 5% Warner Bros ... 4 3% 3% 4 Misellaneous— Airway App ... ... 2V* City Ice & Fu 13 Congoleum 11 Proc it Gam ~.. 33% 33% 3% 34 Allis Chal 11% 11% 11% 11% Am Can 58% 58% 58% 57% J I Case 59% 57% 59% 57 Cont Can 33% 33'/* 33V* 32% Curtiss Wr 2% 2% 2% 2% Gillette S R .... 21 20V* 21 20% Gold Dust 19 18% 18% 18% Int Harv 32% 32 32% ?2% Ins Bus M 100 98 Vi 100 (.B'/* Real Silk 6% Un Arcft 19% 18% 19 18% Transamerica . . 6% 6% 6% 6' i

Foreign Exchange

(By 'Abbott. Hoppin St Cos.) —Atlg. 25 Open Sterling. England 3.46% Franc. France 0392% Lira. Italy 0512% Franc. Belgium 1388 Mark. Germany 2380 Guilder. Holland 4024% Peseta. Spain 0805 Krone. Norway 1735 Krone. Denmark 1845 Yen. Japan 2275

In the Cotton Markets

CHICAGO —Aug. 24 High. Low. Close January 8.58 8.03 8.58 March 8.74 8.17 8.74 May 8.88 8.31 8.84 July . 8.95 8.45 8.95 October 8.39 7.81 8.31 December 8.50 7.96 8.46 NEW YORK January 8.51 7.95 8.50 March 8.70 8.11 8.62 May 8.85 8.25 8.67 July 8.90 8.35 8.88 October ... 8 23 December 8.46 7.77 8.42 NEW ORLEANS January 8.45 7.96 8.45 March 8.65 8.08 8.63 May 8.80 8.23 8.72 July 8.90 8.38 8.90 October 8.29 7.70 8.18 December 8.43 7.85 8.38

Cash Grain

—Aug. 24 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b., shipping point, basis 41 %c New York rate, were: Wheat—Firm: No. 1 red, 45®46c; No. 2 red. 44@45c; No. 2 hard, 45®46c. Corn—Easy; No. 2 white. 23%@24%c; No. 3 white, 22%@23%c; No. 2 yellow. 22% @23%c; No. 3 yellow, 22@22%c; No. 2 mixed. 21%®22%c; No. 3 mixed, 21@21%c. Oats—Firm; No. 2 white, 12%®13%c; No. 3 white, 11%@12%c. Hay (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisville) No. 1 timothy. [email protected]; No. 2 timothy, $6 ® 6.50. —lnspections Wheat—No. 1 red, 1 car; No. 2 red, 5 cars; No. 3 red, 3 cars; No. 4 red, 2 cars; No. 5 red, 1 car; No. 1 mixed, 1 car. Total, 13 cars. Corn—No. 2 white, 3 cars; No. 2 yellow, 15 cars; No. 3 yellow, 4 cars; sample yellow. 1 car. Total, 23 cars. Oats —No. 2 white, 2 cars; No. 3 white, 24 cars. Total, 26 cars.

Other Livestock By United Press CINCINNATI, Aug. 25 Hogs—Receipts, 4,500, including 970 direct and through; held over none; closing slow, about steady; better grade 160-300 lbs., $4.90; 230-280 lbs., $4,60®4.80; 280-325 lbs., [email protected]; 130-150 lbs., $4.40; bulk sows, $3.50. Cattle —Receipts. 700; calves, 500; slow supply light quality generally plain; common and medium steers and heifers on peddling basis between $4 and $6; a few better finished yearlings up to $6.05; beef cows firm at [email protected]; good fed kinds up to $4 or better; low cuttefs and cutter cows steady at $1.50®2.25; bulls weak to a shade lower at *2.50 to $3.25, very few above. Vealers—Steady; good and choice, $6.50® 7; lower grades, $6 down. Sheep—Receipts, 3,500; lambs steady to strong; under light supplies quality not very desirable; better grades scarce at [email protected]; two small strictly choice lots, $7; common and medium, $3.50® 5.50; mixed offerings, s6® 6.25; fat aged ewes, [email protected]. By United Press EAST BUFFALO, N. Y„ Aug. 25.—Hogs —On sale, 1.000; fairly active to packers; strong to 10c higher; good to choice, 160225 lbs.. [email protected]; sparingly $5.25; mixed and plainer kinds, $5.10; pigs and underweights, $4.75@5. Cattle—Receipts. 200; holdovers, 100; plain grass steers and heifers predominating: market 25c lower; common kinds, [email protected]; cows firm; cutter grades, $1.75®3. Calves—Receipts, 75; vealers unchanged. $8 down. Sheep—Receipts, 2,200; lambs draggy; fully 25c lower; good to choice ewe and wether lambs modertly sorted, $6.25; few selections $6.50; bucks, $1 loss; throwouts around $4.75. By United Press EAST ST. LOUIS, Aug, 25.—Hogs—Receipts, 7,500; market strong to 10 cents higher; top $4.75; bulk 180-220 lbs., $4.60® 4.75: 220-270 lbs., $4.40®4.60; 100-150 lbs., [email protected]; sows. [email protected]. Cattle—Receipts, J 300; calves —Receipts, 1,200; market moderately active, indications strong on native steers; early sales of western frass steers steady to strong at $5.50® .90; vealers 25 cents higher at $7; other classes steady; mixed yearlings and heifers. $4.50®6.50: cows, $2.50®3.25; low cutters, sl® 1.50; top sausage bulls, $3. SheepReceipts 2.500; few choice lambs to small killers and shippers, steady at $5.50; few at $5.75; packers talking lower. Marriage Licenses John M. Burke, 30, of 119 East Thirtythird street, clerk, and Helen E. Kreber, 27. of 515 East Thirtieth street. Arthur H. Folkening, 24, R. R. 9. Box 407. farmer, and Mary A. Eickhoff, 26, R. R. 5, Box 206, stenographer. Harlev S. Griner, 33. of 57 East Thir-tieth-eighth street, salesman, and Mildred S. Haggott, 34, of 974 West Thirty-second street. Orville Waine Wilkinson. 27. of 1318 Lee street, and Anna M. Salamone, 29. of 2744 Shelby street. Harry Zavela, 42, of 219 Bright street, meat company employe, and Olympia Ghiorghin, 33, of 445 Troy avenue. Births Boys Harry and Effie Neely, 262 Hoefgen. Harold and Kathryn Ringer, 555 Highland. Vernie and Effie Walls, 1525 Asbury. Alvin and Kathryn Coulter, 1714 Arrow. William and Edvthe Brake, 3608 East New York. Alexander and Katherine Dufek, 1123 Woodlawn. Girls Albert and Geneva Keller. 1014 East Sixty-three. Thomas and Florine Lee, 632 Eddy. Deaths John Baldwin Long. 78, 651 West Thirtysecond. arteriosclerosis. Coraell Price, 24. 1950 Cornell, pulmonary tuberculosis. Oscar M. Carman, 54. Methodist hospital. cirrhosis of liver. Beatrice Toner. 79, 5807 Julian, diabetes. Anna Maple. 65, St. Vincent's hospital, obstruction of bowels. Anita Deubner. 1 month, Riley hospital, enterocolitis. Elnora Ewing, 34, city hospital, acute cardiac dilatation. Mary Burgmann, 68, 2880 Carson, carcinoma. Louisa M. Benz, 68. 57 North Dearborn, arteriosclerosis. RAW SUGAR PRICES —Aug. 24High. Low. Close. January 1.15 1.13 1.13 March 1.12 1.10 1.10 May 1.15 1.14 1.14 July 1.20 1.19 1.19 September 1.11 1.08 1.08 December 1.16 1.14 1.14 NEW YORK COFFEE RANGE —Aug. 24High. Low. Close. January 5.80 5.70 5.80 December 6.01 6.00 6.01 Chicago Stocks Opening ißy Abbott, Hopkin St Cos.) —Aug. 25 Asso Tel Util.. 3% Houd Hersh (B) 2% Bendix Avia .. 11% Middle West ... % Borg Warner .. 10% Swift St Cos ... 13% Cities Service.. 5% U S Rad St Tel 11% Cord Corp 3% U S Gypsum... 24 Cont Chi com. 84% Zenith Radio .. 1% Grigsby Gruaow 2%1

THE INDIANAPOLIS TIMES

UNEVEN TREND IS FEATURE OF SWINEMARKET Weights Below 235 Pounds Steady to Higher; Others Off. Another two-way market made its appearance in hogs at the ity yards this morning. Weights from 160 to 235 pounds were steady to 5 cents higher while weights from 235 pounds up were 5 to 15 cents lower. Undeweights were up 15 cents. The bulk, 130 to 325 pounds, sold for $4.45 to $4.80; early top holding at $4.80. Receipts were estimated at 5,000; holdovers were 117. Little was done in the cattle market, steers and she stock holding steady. Receipts were 600. Vealers were 50 cents higher at $7 down. Calf receipts were 600. Sheep were weak, most sales around $5.75 down. Top price was $6. Receipts numbered 1,500. Lighter receipts and a stronger demand sent hog prices higher at Chicago, with asking 10 cents above Wednesday’s average. Early bids were strong to 10 cents up and packing sows 5 to 10 cents higher. The bulk of 190 to 210 pound, was bid in at $4.80 to $4.85; few packing sows sold at $3.40 to $3.80, while smooth light weights held to $4. Receipts were 18,000, including 3,000 direct; holdovers, 4,000. Cattle receipts were estimated at 5,000; calves, 2,000; market strong. Sheep receipts numbered 25,000; market steady. Hogs Aug. Bulk. Tod. Receipts. 18. $4.4.80 $4.80 3,000 19. 4.10@ 4.80 5.00 6,000 20. 4.25® 4.90 4.90 3,000 22. 4.25® 4.75 4.75 6,000 23. 4.35® 4.70 4.75 4.500 24. 4.40® 4.75 4.90 3.500 25. 4.45® 4.80 4.80 5,000 HOGS Receipts, 5,000; market, steady. (140-160) Good and choice...s 4.55® 4.65 —Light Lights—-(l6o-180) Good and choice.... 4.80 —Light Weights—-(22o-220) Good and choice... 4.80 (220-250) Good and choice... 4.75® 4.80 —Medium Weight—-(2so-290) Medium and g00d... 4.65® 4.75 (290-350) Good and choice... 4.50® 4.65 —Heavy Weights—-(29o-350) Good and choice ... 4.35 4.50 (350-500) Medium and good., 3.01® 4.00 (100-130) Slaughter pigs 4.25® 4.45 CATTLE Receipts, 600; market, steady. Good and choice $ 7.25® 9.25 Common and medium 4.25® 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 Good and choice 3.50® 4.75 Common and medium 2.25@ 3.50 Low cutter and cutter cows.... I.oo® 2.25 —Bulls (Yearlings Excluded)— Good and choice beef 3.00® 3.75 Cutter, common and medium 2.25® 3.00 CALVES AND VEALERS Receipts, 600; market, higher. —Vealers— Good and choice $ 6.50® 7.00 Medium 5 §-52 Cull and common 3.50® 5.00 —Calves — Good and choice 3.50® 5.00 Common and medium 2.50® 3.50 Stocker and Feeder Steers Good and choice 4.50® 6.00 Common and medium 3.00® 4.50 (600-1,500) Good and choice 4.50® 6.00 Common and medium 3.00® 4.50 SHEEP AND LAMBS Receipts .1,500; market, steady. Good and choice $ 5.00® 6.00 Common and medium 2.50® 5.00 Ewes, medium and choice .. I.oo® 2.00 CuU and common 50® 1.00

Other Livestock By United Tress CHICAGO, Aug. 25.—Hogs—Receipts. 18,000, including 4,000 direct; market, active, mostly 10c higher; 180-220 lbs.. [email protected]; top, $4.90; 230-260 lbs., [email protected]; 270310 lbs., $4.25®4.50; 140-170 lbs., $4.50® 4.75; pigs. [email protected]; packing sows, $3.40 @3.80; smooth light weights to $4; light lights. 140-160 lbs., good and choice. $4.45 @4.75; light weight, 160-200 lbs., good and choice, $4.60®4.90; medium weights, 200245 lbs., good and choice, [email protected]; heavy weights, 250@350 lbs., good and choice, $3.90®4.65; packing sows, 275-500 lbs., medium and good [email protected]; slaughter pigs. 100-130 lbs., good and choice, $3.85(5.4.50. Cattle—Receipts, 5,000; calves, 2,000; most killing classes strong to 25c higher; better grade medium weights and weighty steers showing most advance, bulk such kinds going on shipper account, $lO paid for 1323 lb. averages, new high for the season; several loads 900-965, bulk fed steers sold at $9.25 down to $7.50; most grassers $6.50 downward, mostly steady; slaughter cattle and vealers, steers 600-900 lbs., good and choice $7,254/9.50; 900-1100 lb. good and choice, [email protected]; 1100-1300 lbs., good and choice sß® 10; 1300-1500 lbs., good and choice, $8@10; 600-1300 lbs., common and medium, s4@B; heifers 550850 lbs., good and choice, [email protected]; common and medium, [email protected]; cows, good and choice, $3,504/5; common and medium, [email protected]; low cutter and cutter, $1.50@ 2.75; bulls (yearlings excluded) good and choice (beef), [email protected]; cutter to medium [email protected]; vealers (milk fed) good and choice [email protected]; medium [email protected]; cull and common, [email protected]; Stocker and feeder cattle, steers, 500-1050 lbs., good and choice [email protected]; common and medium, $3.50® 5.75. Sheep—Receipts, 25.000; market, mostly 25c lower, spots off more; desirable native lambs, [email protected] to packers; few closely sorted loads, $#@6.35 to city butchers; westerns bid [email protected]; slaughter sheep and lambs, lambs 90 lbs. down, good and choice, [email protected]; medium $4.50®5; all weights common [email protected]; ewes. 90150 lbs., medium to choice, [email protected]; all weights cull and common. sl®2; feeding lambs, 50-75 lbs., good and choice. $4.65 @5. By Times Special LOUISVILLE, Aug. 25.—Cattle—Receipts, 150: generally steady; bulk common and medium grass steers and heifers, $4®5.50; better finished kinds. $5,754/7 or better; beef cows mostly $3.50 down; lew cutters and cutter cows. [email protected]; bulls largely $2.75 down; bulk light Stockers, $4.50@ 5.50. Calves—Receipts. 250; mostly 50c higher; bulk better light vealers, $5.50@6; medium grades and most heavy calves, $4 @5; throwouts, $3.50 down. Hogs—Receipts, 600: steady; 160-220 lbs., $4.65; 225255 lbs., $4.40; 260 295 lbs., $3.85; 300 lbs. up. $3.35; 140-1555 lbs., $4.05@135 lbs. down. $3.66: sows. $2,254/3, and stags, $2. Sheep—Receipts, 800; lamb market steadv; bulk better grades. $5.50475.75; choice to $6 or better; medium and buck lambs mostly $4.50 down to $3 and below for throwouts; fat ewes, sl<g>2; breeding ewes active, fully steady; most $5.50 per head down with double purebred Hampshire ewe prices upward at $7 per head. Wednesday's shipments: Calves, 172, and sheep, 474. By United Press PITTSBURGH, Aug. 25.—Hogs—Receipts, 750; market steady to 10c higher; 170-200 lbs., $5.25 <Q. 5.35; 210-240 lbs.. $4.8545 5.20; 100-140 lbs.. [email protected]: packing sows, $3 @3.50. Cattle—Receipts. 25; market slow, steady; medium grade steers and yearlings quoted $5456.75; common to medium heiefrs, $34/ 5.25; common to good cows, $5.2 5 454. Calves—Receipts; 100: market steady; better grade vealers, $6.50457.50. Sheep—Receipts, 2.000; lambs weak; better grade handyweight, $6456.35; lambs down to $4.50; buck lambs. $4.75®5 35; medium grade. $4 downward; good wethers up to $2.75. By United Press FT. WAYNE. Ind., Aug. 25.—Hogs steadv 5c up; pigs. $4454.25: light lights. $4.50® 4.65: lights. $4.8545 4.75; mediums $4.50® 4.65; heavy. $4 25® 4.50: light roughs. $3.25® 3.75: heavy roughs. $2.75® 3.25: stags. $1.50@2; calves. $7; ewe and wether lambs. $5; bucks. $4. By United Press LAFAYETTE, Ind.. Aug. 25.—Lights and mediums, steady 5c up; heavies. 5® 15c off 160-225 lbs.. $4.55474.60: 225-250 lbs., $4 45®4.50: 250-300 lbs. [email protected]; 300325 lbs. $4.20; 130-160 lbs.. $4.20454.40: 100-13 lbs.. $4: roughs. $3.25 down; top calves. $6; top lambs. $5. By United Press CLEVELAND. Aug. 25.—Hogs—Receipts. 1.000: holdover 160; market, steady; 160210 lbs.. $5: 240-280 lbs.. $4.50® 4.60; Digs. $4.50. Cattle—Receipts. 250: common light steers predominating on peddling basis: scatrering $4.50455: near steady; few head medium $6.50: cows also dull quoted sl® 3.50 and above: rather mixed sausage bulls $3.10. Calves —Receipts. 450: market, steady, good to choice vealers $7.50® 8 or above; common to medium s6@7: culls downward to $5 or under. Sheep—Receipts 1.500; market, slow, early lambs sales steady; largely $6®6.25: some bid lower; cull to medium, s3® 5 or above. By United Press TOLEDO. Aug. 25.—Hogs—Receipts. 300; market mixed: heavy Yorkers. [email protected]; mixed. $4.75® 4 85; bulk. $4.75® 4.85 . pigs. $44 25; lights. [email protected]; roughs. $3®3.25. Cattle—Receipts. 300; market steady. Calves—Receipts, light; market strong. Sheep and lambs—Receipts, light; market, slew.

Dow-Jones Summary

Douglas Aircraft Compamr. Inc. declared a semi-annual dividend of 37% cents on capital stock, payable Sept. 23. of record Sept. 3. Boston St Maine in July reported net loss amounting to $94,836 after charges, against net income of $423,041 in July. 1931- seven months’ net income totaled $184,110. against net income of $2,244,347 in first seven months of 1931. Norfolk A Western in July showed net income of $1,097,265 after charges, against *2.139,286 in July, 1931; seven months’ net income amounted to $6,477,282, against *11,337,892 in first seven months of 1831. Abraham St Straus, Inc., declared a dividend of 30 cents on common stock, payable Sept. 30, of record Sept. 21. Ruberoid Company declared a quarterly dividend of 25 cents, payable Sept. 15, of record Sept. 1. Canadian Pacific gross in first three months of August totaled $2,331,000. against $2,614,000 in like 1931 week: Jan. 1 to Aug. 21. gross amounted to $73,745,000, against $92,039,000 in like 1931 period. Crown Williamette Paper Company In quarter ended July 31, earned *1.16 a share on combined first and second preferred stocks, against *3.55 on combined preferred in July 1931 quarter. During first six months of the current year revenues of manufactured and natural gase utilities declined 7.2 per cent, dropping from $374,229,461 in first half of 1931 to *347,288,325 in the corresponding period of 1932, according to American Gas Association. Triplex Safety Glass Company, Ltd., in year ended June 30, 1932, reported net profit amounting to 30,836 pounds after depreciation and other charges and reserves for income taxes, against 34,495 pounds in preceding fiscal year. Hacla Mining Company in June quarter reported net loss totaling $23,055 after charges, against profit of $37,164 before federal taxes in previous quarter and profit of $97,340 in June 1931 quarter; six months profit amounted to $14,109 before federal taxes, against profit of $195,947 in first half of 1931. Montreal Cottons, Ltd., . declared the regular quarterly dividend of $1.50 on common stock. Orpheum Circuit, Inc., in six months ended June 30, reported net loss of $1,379,812 after charges, against $186,068 in rst half of 1031. Erie System in July reported net operating income of $382,639 against $588,318 in July 1931; seven months amounted to $4,122,345 against $6,671,429 in first seven months of 1931.

FIREBUGS ARE BUSY Arson Cases Increase, Says Marshal Hogston. Persistent increase in incendarism in Indiana during the last three years has forced fire insurance companies to revise valuations of structures and stocks, according to the report today by Alfred Hogston, state fire marshal. "Due perhaps to what still are called ‘hard times,’ arson has gained steadily since 1929,” he said. "During the first half of 1932, the number indicated an increase for the year of 3314 per cent, as compared with 1931. The number last year was 30 per cent, larger than that in 1930; in that year the gain in arson cases was 25 per cent, as compared with the year 1929.” Most of the “touchoff” fires were in rural regions, Hogston said. Marion county, with the largest population in the state, ranks among the lowest as to incendiarism. Lake county ranks highest. Arson losses in that county during the latest fiscal year were estimated at more than $1,000,000.

MAGOFFIN NEW CHIEF OF BERKSHIRE LIFE General Agent Succeeds W. T. Batchelder in Office Here. N. B. MaGoffin, formerly general agent for the Connecticut General Insurance Company in Toledo, 0., has been appointed general agent in Indiana, headquarters in Indianapolis, for the Berkshire Mutual Life Insurance Company. He succeeds W. T. Batchelder, who will become agent in Saratoga Springs, N. Y. Offices of the Berkshire Life are in the Merchants Bank building. FIRE WRITERS TO MEET Indiana Association Committee to Assemble Here Sept. 6. Next meeting of the executive committee of the Indiana Fire Underwriters Association, 303 Bankers Trust building, will be on Sept. 6, it was announced today. The committee is composed of Thomas A. Dungan of the FidelityPhenix Company, president; O. E. Green, Lemcke building, secretary; Lillian M. Holderman, assistant secretary; John Noble of the Security of Connecticut; G. J. Daseke of the Connecticut Fire; J. C. Johnson, Pennsylvania Fire; M. O. Jones, Firemen's fund; T. W. Sprickman, Philadelphia Fire and Marine, and E. E. MsLaren, United States Fire. The association now has 119 members, representing companies with almost 6,000 agents in Indiana.

U. S. STEEL PROGRAM TO COST MILLIONS

Indiana Plants to Benefit by Replacement Program. By United Press NEW YORK, Aug. 25. The mighty Morgan-controlled United States Steel Corporation today gave a vote of confidence to business improvement—its first in the history of the depression. Myron C. Taylor, chairman of the board, disclosed his belief that a buying movement can not long be delayed. His announcement came after a routine meeting of the corporation's finance committee Tuesday. At that meeting the corporation appropriated $5,000,000 to be used “for replacements and improvements of equipment” in plants located in Ohio, Illinois, Indiana, Alabama and Pennsylvania. Those replacements. Taylor said, would give employment to a considerable number throughout the winter. Taylor enumerated the efforts the corporation had made to rotate work to keep the greatest number of employes possible working. Where there was no employment available, he said, the company took steps to aid those in distress. He said an amount of $3,095,024 had been expended on welfare work in the twenty-one months from Oct. 1, 1930 to July 1, 1932. Employes were encouraged and

WHEAT JUMPS 1 TO 2 CENTS IN FASTTRADE Corn, Oats Show Gains on Strength in Major Grain. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, Aug. 25. December wheat rushed up 2% cents on the Board of Trade today, carrying the other deliveries with it in a general buying spree on the more favorable sentiment in stocks and commodities, but profit-takirg wiped out part of the gain. However, prices still were around 2 cents up at the close. Pessimism and unfavorable news was brushed aside or completely ignored. There was nothing in the news to account for the strength in cotton, which touched new highs, j stocks, or grains, but the lack of! pressure combined with scattered buying rushed prices upward early and stop-loss orders and short covering helped sustain the upturn. Close Is Strong Corn advanced fractionally with the wheat despite heavy country bookings. Oats and rye also participated in the rise. At the close wheat was Pi cents to 1% cents higher, corn was % cent to % cent higher, oats : ’s cent higher and rye was % cent to l l s cents higher. Provisions were higher. Liverpool rallied sharply with Chicago and finished near the top for a %-cent gain. A bearish crop estimate for the Canadian prairie provinces showing 459,000,000 bushels, considerably larger than the recent private estimates, was ignored. Trading was very active early. Cash prices were 1 cent to 3 cents higher. Receipts were 35 cars. Corn Moves Up Corn was up U cent to % cent at mid-session on the strength in wheat, but s he buying was not aggressive and the hedging of the 350,000 bushels booked by the country was depressing. Bearish sentiment still prevails and limits advances. Shipping sales improved, with 121,000 bushels sold. Cash prices were % cent to Ms cent higher. Receipts were 390 cars. Oats showed practically no change, although having a firmer tone. Rye, however, jumped up % cent to 1 cent with wheat. Trading was featureless. Sales of 43,000 bushels of oats were made early, but country bookings seemed to have been withdrawn. Cash prices were % cent to Vt cent higher. Receipts were 71 cars.

Chicago Grain

—Aug. 24 — Primary Receipts. wheat 1.484.D00 Futures Range —Aug. 25 WHEAT— P rev - Open. High. Low. Close, close. Sept (old) .51% .52% .51'/* .52% .50% Sept (new) .51% .52% .51% ,01% .50% Dec 55% .56% .54% .55% .54 May 59'% .61% 59% .60% .58% CORN— Sept 30 .30% .30 .30% .30 Dec 31% .32'% .31% .32% .31% May 36% .36% .36% .36% ,36V* Se?t ATS T. .15% .16% .15% .16% .15% Dec 17% .18% .17% 18% .18 May 20% .21% .20% .21'/* .20% tj ye Spt 30% .32 .30% .31 % .30% Dec ..... .33% .35 .33% .34% .33% May 37% .39 .37% .38% .37% LARD — Sept 5.22 5.32 5.22 5.30 5.22 Oct 5.25 5.32 5.25 5.30 5.22 Jan 5.12 5.22 5.10 5.20 5.12 May 5.37 5.37 5.35 5.35 5.27 BELLIES— Sept 6.40 6.45 6.40 6.42 6.40 By Times Special CHICAGO. Aug. 25.—Carlots; Wheat, 34; corn, 189; oats. 86; rye. 3. and barley, 11. By United Press CHICAGO, Aug. 25—Cash grain close: Wheat—No. 1 red, 55%c; No. 2 hard, 53c. Corn—No. 2 mixed, 31%c: No. 1 yellow. 31%®32c; No. 2 yellow, 31%® 32c; No. 3 yellow, 31%®32%c; No. 4 yellow. 31c; No. 6 yellow, 30%c: No. 2 white, 31%® 32c: No'. 3 white. 31 %c. Oats—No. 2 mixed. 16%c; No. 2 white. 17%®17%c; No. 3 white, 17c; No. 4 white, 15%c; sample grade. 14c. Rye—No. 2, 39%®40c; No. 4, 32%c.- Barley—24®36c. Timothy—s2.so® 2.75. Clover, s7@lo. By United Press TOLEDO, Aug. 25—Grain close; (Grain in elevators, transit billing i: Wheat No. 2 red, 57®58c. Corn—No. 2 yellow, 34%@35%c. Oats—No. 2 white. 20®21c. R V e—No. 2. 41®42c. Track prices. 28%c rate. Wheat—No. 2 red, 51%@52%c; No. 1 red lc premium, 52%@53c. Corn— No. 2 yellow, 30%@31c; No. 3 yellow, 29% ®3oc. Oats—No. 2 white. 17®18c: No. 3 white. 15%® 17c. Barley—No. 2. 31®32c. Butter—24c. Eggs—lß®lß%c. Hay—Boc per cwt. Dividend Declared by Bank VALPARAIS, Ind., Aug. 25.—A 35 per cent dividend, payable to depositors of the Valparaiso National bank, which closed in January, was announced Wednesday by H. Clay Haywood, receiver. The dividend will amount to $220,000.

aided by the corporation in efforts to develop garden plots. The total of such plots this year was 73,511, aggregating 11,032 acres with an estimated value of produce of sl,837,775 for the year. The business world especially was attracted to the part of the statement Taylor issued concerning the potential demand f or manufactured goods. “While the war created a great vacuum due to the destruction of physkial property,” Taylor said, "it was followed by all communities engaging in replacing same for a period after its close. The stoppage of production due to the depression, the consumption of supplies, the wear and tear from use of all materials and equipment, added to that nktural obsolescence svhich takes place in all industry, aie creating a similar vacuum which in due course will have to be filled. “Then, too, in periods such as the one through which we are now passing, competition necessitates the use of the most modern equipment. “One might look upon this as a time for a thorough housecleaning and it will be the reason for leplacement on a large scale when the productive facilities of the country again are called into substantial use. “It would seem the buying movement can not be long delayed,” he said.

The City in Brief

Exchange Club, luncheon. Washington. Optimist Club, luncheon. Claypool. Altrusa Club, luncheon. Columbia Club. Sahara Grotto, lunrheon. Grotto Club. Reserve Officers’ Association, lunrheon. Board of Trade. Phi Delta Theta, luncheon. Columbia Club. Sigma Alpha Epsilon, luncheon. Washington. Sunshine Mission, air race reception, municipal airport. Old Sttlers’ Association, reunion, all day, Broad Ripple park. 309th Engineers, reunion, all day, Antlers. Degree staffs of Harris lodge, No. 644, I. O. O. F., and Myrtle Rebekali lodge, No. 326, will hold a fish fry Friday and Saturday at West Washington street and Bellevieu place. Twelve-hour “bargain sale" of fun and thrills will be featured Friday at Riverside Amusement park when prices on all rides and concessions will be cut to 2 cents, it was announced today. No tickets will be sold. Plans for a golf tournament for all Lions Clubs in the United States and Canada, to be sponsored by the Indianapolis Lions orgunization. were presented by Harry Schopp, pro at South Grove golf course at the Wednesday luncheon in the Washington. Business session of Alvin T. Hove y w. R. c.. to be held Friday afternoon at 512 North Illinois street, will be followed by a public card party.

ROAD BOARD TO PAREEXPENSE Retrenchment Program to Begin Sept. 1. Starting Sept. 1, the state highway department will begin its retrenchment program made necessary by the reversion of half the gas tax and auto license fees to cities, counties and towns. Preliminary arrangements for the reductions in personnel, salaries and expenditures were made at the meeting of the highway commission Wednesday afternoon. William J. Titus, chief engineer, was instructed to reduce the road survey force 25 per cent next month. Eighty-eight are employed in this division. The engineering force is to be reduced 50 per cent Jan. 1. leaving approximately 250 engineers on the job. Reduced salaries will become effective Oct. 1 when the 1932-33 budget becomes operative. A schedule of the lower salaries is to be made by John J. Brown, highway director. Although salary reductions will be made in the maintenance division, there will be no discharging of employes, for although construction work will be curtailed, the highways already built will be maintained, officials said.

ILLEGAL DETENTION OF BOY CHARGED IN SUIT Parents Fife Habeas Corpus Action for Alleged Delinquents. Alleging that their son, Herbert Moore, is being held unlawfully at the juvenile detention home, Mr. and Mrs. Roy Moore, Wednesday filed a petition for a writ of habeas corpus in superior court four, naming Mrs. Anna E. Pickard, superintendent of the detention home, as defendant. The son, who escaped recently from the Gibault home at Terre Haute, never was legally committed to the institution by the juvenile court of Marion county, the parents allege. After returning to his home here following escape from the Terre Haute institution, the boy was taken into custody and placed in the detention home. On order of the juvenile court of Marion county, the boy was sent to the Gibault home, Sept. 26, 1930, as a delinquent. It was charged he absented himself from school to go fishing. GROUP TO HEAR WATSON Marion County Delegation to Go to Winona Meeting. Delegation of Marion county Republicans will go to Winona" lake Friday to hear Senator James E. Watson fire the opening salvo of his 1932 campaign. While Watson will not make his state keynote address Friday, his first campaign speech is regarded as significant by party leaders. Raymond S. Springer, Connersville, candidate for Governor, and Congressman Will R. Wood also will speak in the afternoon. Senator Arthur R. Robinson and Governor Harry G. Leslie are scheduled to speak in the morning. PLAN SAFETY PROGRAM Citizens Accident Group to Meet Tonight at Athenaeum. A safety program for use in public schools will be formulated tonight at a meeting of the citizens’ safety committee at the /Vthenaeum. Lieutenant Frank Owen cf the accident prevention bureau will discuss methods of protecting school children at street intersections. Members of the committee have been invited to attend a preview showing of "The Last Mile” at the Palace, the management announced today.

Gone, but Not Forgotten

Automobiles reported to police as stolen belone to; C. M. Stoker. 1130 Hawthorne Lane Plymouth coupe. 201-084. from in front of 1130 Hawthorne Lane. Russell Burkhardt, 452 South Holt avenue. Chevrolet coach. 17-312, from 212 North New Jersey street.

BACK HOME AGAIN

Stolen automobiles recovered by police belone to: Reece Howe. Fairground hotel. Ford coupe found in fairground Daisev Monduck. 29 South Oriental street. Chevrolet sedan, found at Ft. Beniamin Harrison. Chevrolet Motor Company. 335 West Pratt street, found in rear of 4130 Boulevard place, automobile stripped of spare tire, rear bumper, head lights and horn. Life Guards Are Honor Guests Life guards who served at municipal pools and beaches this summer were guests at a dinner Wednesday night at Garfield park. Members of the city recreation department also were present.

.AUG. 25, 1932

PLAN PARADE FOR AVIATORS 100 Air Cup Fliers to Be Welcomed to City. A parade to the municipal airport will open the city's welcome Friday to more than a hundred aviators in the Cord cup race, feature of the national air derby. A luncheon and an aerial circus will follow. The parade will start at 8:30 Friday morning from the Sunshine mission. 733 Virginia avenue, which is to receive proceeds of the celebration to form a milk fund. Line of march will be on Virginia avenue north to Washington street and west to the airport. The luncheon honoring visiting fliers will be served at 12:30 at the airport. Among the honored guests of the day will be Clarence McElroy of Medaryville. Ind.. who barely escaped with his life recently when a plane he was piloting crashed in a Central American jungle. McElroy will be welcomed by Mayor Reginald H. Sullivan and his committee. The aerial circus to follow the luncheon will include many thrilling stunts, with several movie airmen participating.

Mr. Fixit Write your troubles to Mr Fixit. He is The Times representative at the city hall and will be glad to present your case to the proper city officials. Write him in care of The Times signing your full . name and address. Name will not be published.

Seven letters requesting weed cutting and five regarding oiling of streets have been received by Mr. Fixit. Each of these letters has been referred to the street commissioner's department, where assurance was given that the work would be completed as soon as possible. Wilbur Winship, street commissioner, advised Mr. Fixit that approximately 100 men* are engaged in weed cutting. Only one oiler is available and work is scheduled a week ahead for it. Because of the similarity of requests, all of which can be covered by this answer, the individual letters are not being printed. Mr. Fixit: I wish to express on behalf of the property owners in the 900 block, Soutn West street, our heartfelt thanks and appreciation of what vou did in having tne shack at 946 South West street torn down. While the above mentioned shack is gone, the place is unsightly because of the debris left by the workmen. W. L. M. The board of health sent a special investigator to inspect the situation you mention. Weeds on the lot have been cut and dumping on the lot has been prohibited. CLEARS UP CONFLICT OF DELINQUENCE BILLS Ogden Holds Both Measures Constitutional in Part. Apparent conflict in two bills passed during the special session of the legislature to reduce or eliminate penalties on delinquent taxes for 1929, 1930 and the first half of 1931, was cleared today as Attorney General James M. Ogden ruled both bills constitutional, in part. Under Ogden’s interpretation of an apparent conflict in the bills pertaining to taxes of the first half of 1931, delinquent fees on taxes for 1929 and 1930 will be waived and a 6 per cent interest rate charged. Delinquent payments for the first half of 1931, however, will be assesed a 3 per cent penalty plus interest of 8 per cent, Ogden held. Odgen’s opinion was given at request of Lawrence F. Orr, chief of the state board of accounts. CONSOLIDATE OFFICES Sumner, Krutzsch & Cos. and Continental Brokerage Firm Affiliated. Announcement was made today by Sumner, Krutzsch & Cos., merchandise brokerage firm, that it has become affiliated with the Continental Brokerage Company. Effective Sept. 10, the companies will occupy consolidated offices at 509-512 Majestic building, which for twenty years have been the quarters of the Continental company. There will be no change in personnel of either firm. The Sumner company Ls composed of N. F. and R. G. Sumner and E. H. Krutzsch. and the Continental company members are Carl E. Wood, Roy E. Mowrer and Miss Genevieve McNeal. SCREEN THIEF JAILED Doors Arc Part of House Negro Finds When He Moves. When moving from one house to another, don't take the screen doors with you. This is what Municipal Judge William H. Sheaffer ruled today when he convicted Fred Chambers, Negro, 967 Coe street, of a charge of larceny, sentenced him to five days in jail and assessed a fine of $1 and costs. According to Mrs. Anna Larcer, 3351 Kenwood avenue, owner of the house from which Chambers moved last Saturday, Chambers included a scren door as a personal poscssion. Police found Chambers in his new home, preparing to install the screen. He denied the theft. INDUSTRIAL PARLEY SET Directors, Teacher Trainers to Meet at Lake Tippecanoe. City directors of vocational industrial work and teacher trainers will hold a three-day conference at Stony Ridge hotel. Lake Tippecanoe. Monday and Wednesday. The conference will be under direction of George K. Wells, state supervisor of industrial education. R. V. Billington, regional agent for the federal board of vocational education, will represent the government. Study of methods to be used in providing training for unemployed adults win be the principal topic before the conference. In the Air Weather conditions at 9 a. m.r South wind, 15 miles an hov temperature, 81; barometric pr. sure, 30.06 at sea level; ceiling, high, thin, scattered clouds, unlimited; visilibility, 7 miles; field good.