Indianapolis Times, Volume 45, Number 59, Indianapolis, Marion County, 19 July 1933 — Page 10

PAGE 10

- Wall Street Movement for Creation of Gold Market in This Country Growing—Reasons Are Cited. BY RALPH HENDERSHOT Ttm* Kptrial Financial Writer

The Committee for the Nation, a national organization of business men, has been urging President Roosevelt to permit the opening of a gold exchange in this country, and many people in Wall Street are in accord with the recommendation. The present, fixed price of the yellow metal at S2O 67 an ounce is said to be entirely out of accord with the times and conditions.

In London, the leading free gold market of the world, gold is selling at the equivalent in dollars of about. $29.70 an ounce This high price, in comparison with our own. tends to attract the metal to that market and away from this country. Tt is said that even some of our production has been bootlegged out of the United States and sold in the London market. Those who have been most strongly in favor of a free and open market here maintain that the most important benefit to be derived would be the creation of a real value upon which we could adjust our currency. And if the President decides he wants a "rubber” dollar in this country, thpy hold, it would be much more advantageous to base its value on open market gold prices here rather than attempt to tie it to an elusive forr-ign currency, such as sterling. Corporate earnings for the second quarter of 1933 are beginning to make an appearance, and for the first time in several years they are being anticipated with confidence rather than fear. Most of those to

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Ralph Hendershot

be made public so far have made an excellent showing compared with last year, and the stock market has begun to take notice of them again. It is we[l for the market, of course, that it has something new to W'hich to tie its advance The international economic conference is scheduled to adjourn shortly, and President Roosevelt's reconstruction drive has begun to lose some of its market power, when the market gets back to considerations of earnings and business prospects again it probably will be cn much safer ground. The boys don't know quite how to dope those new-fangled things. Washington and Speculation From time to lime during the last few weeks word has come out of Washington that thp administration is very much opposed to the speculation which has taken place in the security and commodity markets. It was inferred on more than one occasion that something might be done about it, anew investigation having been suggested. The speculation has kept on at. a swift pace, however. and nothing has been done about it. In fact, when the question of stabilization was being considered at the international economic conference and the markets received a severe jolt the powers that be hastened to discourage consideration of the topir. There are several ways, perhaps, that the speculators could be frightened out of the markets at this time, hut it is beginning to look as if their operations are not so distasteful as the Street has been led to believe.

New York Stocks ” —— ~“ <Bv Abbott. Hoopln A Cos.) “—'

—Julv 19 Otl*— Prev. High. Iw, 11 00 close Amerada 39% All Rfe . 39% 30% 30% 30% Barnsdall 10% 10% Consol Oil .. 14*, 145, 14% 14*4 Cont of Del 18% 18*2 Houston i ne t 7 Houston loldi . 36% Indian Rfe ... 3 a Mid Cont, Pet 15V* 15% Ohio Oil 16% 16Pet, Corn 13. i Phillips Pet 17 16*’* 17 16, Pure Oil . ■ ... 11 * Roval Dutch ... ■ 36* Sbd Oil 32 31** Shell Union . . 11 10'a 11 10'a gimms Pet. • ■ |1 5 Soc Vac 15'4 15, S O of Cal 39 '* 39'* 39% 39'* S O of Kan ... . • 22% SO of N .1 40'* * 40 '* 40% 40 ',* Sun Oil ■■ JB’ Texas Corn • 27*4 27’* Tidewater Assn . ... 10 9v Un Oil of Cal 22'/ 22% steel* — Am Roll Mills 27** 2.'* Beth Steel 47 46** Byers AM. 42 41** 41*4 41% Col Fuel * Iron . 16 Crur Steel ... 3® Gulf Sts Steel .. * Inland Steel .. ■• • 44 Ludlum Steel • l®}* MeKeesoort Tin 93 93 * Nall Steel 53'a 53% Ren Iron Al Steel ... 22 r 22 i Rep Ir Sll pfri , 2 M S Smell . 71 70*4 70% 73 Vanadium . ... 36% 34*, 35 a 33 4 Midland ... 1".,' T> s Pipe A- Fflv ■ el'* 20 4 U S steel . 67 66’* 67 66 4 TJ S Steel pfri .. • 104% Ynutißstn Sft T 37% 37'/* 3t * 36 * Rails— .... Atchison .... ' * Atl CM, l.ine 57 56 1 * ..7 57 4 na. o 36 36',a 36 Va 36’* Can Par" . 30% 20', 20V* 20 Ch A' Ohio 47** 46% 47% 46* Chi & Gt W 6*, 6% CMft 81 P 10 ,?% 9% 9 CMftBlP pM 16 15% .6 15 Chi N W 14% 14** 14 . 14% Chi R Isl .?’ * Chi R I 7'v pfri ■ 15 Del a At Hud 88*4 89% Eric* ... .. . . . • • "A b Grt Northern. 32% 32% 32.* 32 111 Central 47 46*-* 46 45 K C Sou “2 4 i;,* Lou A- Nash • "5 a MKA- T. 15% 15% 15% 15% Mo Pac pfri 13 12% 12 4 12- 4 N Y Cent 56% 55** >64 55 4 N Y Chi A St TANARUS, 23% 22 N Y A' St L pfri 31 4 N Y New Haven 34% 33% 33% ■ N Y Ont A- Wes • 13' * Norfolk A- Wes - Nor PBC 12 /4 31 4 4 32 Pennßß 39% 38% 39% 39 Sou Pac 37% 37 37 36% SOU R R 35 34 4 34% 34 Sou R R pfri 46% 45% 46% 45% Uiiion Pac 12. 126 a 1- ' ,2 ‘ * Wabash • ■ ■ ~6 * 4 W. Maryland .. 5% 5% 5 * Motors— .. Auburn ‘I, Chrysler Da " Gen Motors . 33% 33% 33 2 33 •* Graham Motors.. ... Hurisoh 15% 15% Mack Truck 44 43 , Nash • 98 25 4 Packard 6 ■ 62 6 * 6* R"0 5% 5% Sludebaker ‘ * 4,* Yellow Truck * 1 * Bendi\’ r 20% 20% 30% 20% Bohn Alum . . 49 4 49 2 Bore Warner . BriRES 14% 14 14 14 4 Bu<id Wheel • 5% 5 Fa'on MfE 16 15% In% 16 E'er Aulo Lite . 26% 25*4 26 * 25* Houd Hershev . 6’* 6 Mullins MfE . . • ■ 10% Murray Body. . 11% |l* }}% }' * Stew Warner .. 11% %% 11 '9. * Timken Roll 34% 34 34 33 s * Alaska dun.... 30%. 29% 29% 30% Am Smelt 42% 41% 41% 42 4 Anaconda . 22* 22% 22% 2.% Cal A- Hecla • *> % Cerro De Pa'Co 42% 40% 40% 39% Gvanbv t3% 15 15 14* Gt Nor Ore 15% 15*4 Homestake \tm . 274 4 2,0 Howe Sound 2, 28% Ins Copper . 9% 9% 9% 9% Int Nickel 22 21 % 21% 21% Isl Creek Coal.. . 30% Kennfcott Cop . 28% 25% 25% 25* Noranda Cop 3, 36% 36% 3f\ Phelps Podße . 18% IT** 17% 18% Pitts Coal 22 21*4 Tobarro* — Am Snuff 47 47 Am Sum Tob . 23% 23* Am Tob A 88 88 Ant Tob B ... . 92*4 92% 92% 92' Gen Cipar . 43*4 43% 43% 43% Lire A' Myers B ... 94 Lorillard . .... 24% 24% Reynolds Toh R 50% 50% Equipment*— Allis Chalmers 23 * 23% 23** 23% Am Car A- Fdv.. . 37% 37% Am Loco . 34 Am Mach A- Fdv 20 * 20*4 30’, 20 * Am Steel Fdy ... 25 25 Bald Loco . J. 16% 16’, 16% 16% Burroughs 20 30 Case J t 97% 96% 97% 96% Cater Tract . ■ 26*, 26*, Colßat Palm Feet 22 Congoleum ... 26% Flee Sior Bat 51% 51% Foster Wheeler . .. ... 21% Gen Am Tank Car . . 43 43 Gen Elee 29% 29% Gen R R SIR 46 45% JURsnl Rand ... 76 75 Int Bus Mach .... . 153% Int Harvester ... 44% 43*, 43% 14% Kflvinator . 13 Natl Cash Kec 21% 21% 21*. 21% Frnr A* Gamble . 47% ruliman Inc 54% 54% 54’, 54% Simmons Bed 30% TTnd Elliott West Air B 32% 33 West Inch E'er . 7% 57% 57% 57% Wor'hmcton P . 38 rtilil'e* — Am A- For Pit. 18*, 18% 18*, 18* Am Power Ar L 19% IS * 18 ’ 18 A T A- T . .132% 131* 131% 132 Am Wt Wks 40% 40% 40% 39% Brook Un Gas 26*, 26% 26% 85 2 Coi Gaa A; Flee 26% Col G A- E pfd .... 80*, Com A - Sou 4% Consol Gas 67 61% 61*, 61% Elec Pwr A- Lit.. 14% 14% 14% 14% E P A- L Pfd 26 Tnt T A- T >1 20* 4 21 20% Lou GAEA 23 23 Nat Pwr A- Lit . 19% 19% North Atnet . 38% 35% 35% 34*. Pac G A E 30 79*, 29% 29’, Pub Serv N J . 53% 53% 53% 53 So Cal Edison 26 25*, Std Gas . 20’, 20% 70% 20** Sid Gas pfd 21*4 Umed Corp . ... 13% 13’, 13% 13% Un Gas Imp 23*, 23% Ut Uwr A L 1A• 7% 7% 7% 7% Western Union . 75’, 74 74 74% Rubbers — Firestone SO% 29% 30% 30% Goodrich 20% 19’, 19*, 20% Goodvear 44% 44’, 44% 44% U S Rubber 23% 23% 23% 23% U S Rub pfd 42 Kei Spun* 5% 5% Amusement*— Crosley Radio 12 Pox Film 4% 4% 4% 4% Lcews Ino 30 29*, 39% 29%

, Radio Corp .... 11% 11 11 n RKO . 4i/ 2 4% Warner Bros ... 8 7% 7% 8 E ends— Am Sugar 68% Armour A ... gs/, 6% Beatrice Cream 25% 25% Borden Prod . 36% 36% 36% 36% Cal Packinc 33 Canada Dry GAI 41% 38% 38% 39% i Coca Cola 104 Cont, Bak A ... . 1,5% Corn Prod 84 % 84% Crm of Wheat. . 36% 35V, 36 36% Gen Foods 39 38** 39 38% Gold Dust .... . . 26% 26*, G W SURar 37% 37'% 37% 37% Hershev 66 Int Salt 26*, Loose Wiles 41% Natl Biscuit .. . 56 551* 56 56% Nall D Prod . . 24% 24% 24% 24% j Pet Milk 14% i Purity Bak . 24% 24% S Porto Rico SUE 44 42% 43V 2 44 j Std Brands . 35 34% 34% 35 j United Fruli 63% 63% Wrißley 51% Ret,ii stores— Ass Dry Goods. 18V, 17*/* 17’/* 17% Best At. Cos . 29% 29 % 29’% 30% Gimbel Bros ... 6% g% Gr Un Tea 9% Hahn Dept. Sts 8 7% 7% 8 Kreske S S 16% 16% 16% 16% Kroger Groc . . 31% 31 % 31% 31% Macv R H ... 61% 62% May Dept St.. . 31% 31% Mont Ward . ... 28% 28 28 27% Penny .1C 46% 46 Safeway St . 60% 60% 60% 59% Seals Roebuck.. 44% 44 44 44% Woolworth .... 49% 4.9% 49% 49 Aviation—j Aviation Corn ... 15% 15 15 16% | Doußlass AiY .. . ... 17% 17% Curtiss Wrlehi . 4'/* 4 4 4V* ; Curtiss Wriehl A 7V* 7 7% 7% ! Nor Am Av 8% 8 8 8% | United Aircraft 45% 45% 45% 44% j Chemicals—- ! Air Reduction r 100% Allied Chem 133 131 ! Am Com Alcohol . . 80 81% ' Col Carbon 65.% 65Vz Com Solvents.. 48 41% 41% 50% Dupont 8.3 83.% 82', 2 83% j Freeport Tex... 41% 41% 41*4 40V> i Liquid Carb 48% 43 Va 43% 47% 1 Math Alkali . . 37% 37% 37% 37% Tex Gulf SlllDh. . . , ... 33% 34 Union Carbine . 50% 49% 50% 50% ! T.T S Indus Alcoh 87 85% 86 87% 1 Nat Distil 117% 114 114 117 Drugs— I Cotv Inc 7% 7 7% 6*4 Drug Inc 54 53% 54 53% , Lambert ... 39% 39*, 39% 39% | Lehn A- Fink 21% 21*, ! Zonite Prod 7% 8 Financial— Adams Exp 12% 12 V* .12'% 12% , Alleßhenv Corp. . 7% 7% 7% 7% Chesa Corp . 50 49% 50 49% Transamerica 8% 8% 8% 8% I Tr Conti Corp 7\ 7% Building— Am Radiator.. 18% 18% 18% 18V* 1 Gen Asphalt . . 26% 26 26 25% Int. Cement .. 38% 38% ! Johns Manville . 57% 56 56 58 ! Libbv Owens Gls 35% 31 % 33 35*4 ' Otis Flev 25 23% 23% 22% Ulen Const ... ... 4 s , S Miscellaneous—lAm Bank Note 27% 26% I Amer Can 94V* 93** 93% 95 Anchor Cap . 38*, 35% 35'/, 37 ! Brklvn Man Tr . ... . 3954 I Conti Can 64% 64% 64% 63* 1 Eastman Kodak 86% 86 86 86*4 Owens Bottle . . 93 88% 88% 93>- ; Gillette 17 lfi% ! Glidden 19% 19V, 19% 19% | Gothßm Silk .. 16% 15% 16% 16 Indus Ravon . 80 79% 79Va 79 | Inter Rapid Tr 8% 9% Real Silk Hose ... ... 16% New York Bank Stocks (By Abbott. Hoppin & Cos.) _ . Bid. Ask Bankers 88% 69% Central Hanover 145 147 Chase National 34% 34% Chemical 41% 44.’, National City 38% 39% Corn Exchange 61 62 Continental 16% 17% First. National 1.505 1 520 Guaranty 333 335 Irving 22% 22% Manhattan Ar Cos 32% 33% Manufacturers ...... 20% 20*4 New York Trust 98% 99% Births Boys George and Blanch Whvde. city hospital. William and Opal Endicott, 3"312 East New York. Merle and Beatrice Grissmore, 1736 Wade. Wilbur and Jennie Hedrick. 1936 Caroline i Edwin and Mavme Revnolds. 1136 East Gimber Prentiee and Margaret Gfeen, eitv hospital Harold and Addle Taylor. 3653 West Tenth. Carl and Viola Wade, cite hospital. William and Rosemary Tate, city hospital. Rov and Dorothy Campbell. Coleman hospital Edward and Dorothy Kurts. Coleman hospital John and Oeorßia Sanders. Coleman I hospital. , Girls James and Thelma Age 1201 South Kevstone Edgar and Emily Coonev. 1804 North Delau ri p. pifaf SSell Bn<l Marsarel Thomas, city hos*n? Marie Rogers, city hospital. Jospph and Alice Gootee, city hospital Fjrl 1 o f^ri”s o iJ :i ‘j Pn Sand! '- rl,v hospital. piiaY Ambrose, Coleman hosDUaT* F and L ' ,lie Psri k , t’ t . Coleman hoshospuaf." and Ros?mar '- Bohme. Coleman pj f*, rrv Rnd Margie Shaw. Coleman hoshosp!uL and Snd Alvin * Whi!f - Coleman Deaths ca^.c^.a^on 2926 W “* **• 4022 <*>. nephrftVs W *‘ k * r ' 16 ljon * hO5DUal ' chronic tons" Malle,t ' 70 921 E >"’- angina pecdiS?K„. Bw!twt * 28 - IAnB ! , paries G Gieskinc 56, 1804 East Maryland aortic stenosis Fred Van Brunt, 47, 137 Kan,a, coronary thrombosis Kansas *if an ' 1642 Arrow myocarditis ..e.jg Bennett ,1. 1731 North Capitol chronic mvocarditis Emma B King 75 2118 North Talbott carcinoma Young Wife Killed in Fall Bit f nilrit /’rrss NOBLESVILLE. Ind.. July 19.—A skull fracture suffered bv Mrs. Martha Widows. 24. when she fell from the running board of a moving automobile, caused her death here today.

SWINE VALUES DOWN 5 CENTS AT CITY YARDS Cattle Strong to Higher in Active Trading: Sheep Move Up. Slight weakness prevailed in hogs this morning at the Union Stockyards. prices ruling steady to 5 cents lower. Weights of 160 to 200 pounds brought $4 75 to $4.85; 200 to 300 pounds, $4.85 to $4.90, several loads 1 in this class selling up to $4.95 and $5. From 300 pounds up prices ranged around $4.65 to $4 75; 140 to 160 pounds, $4.05 to $4.30; 100 to 140 pounds, $3 to $3.80. Packing sows brought $3 50 to $4.15. Receipts were estimated at 10,000. Holdovers were 262. i In the cattle markst beef steers ; were active and strong to higher. : The bulk sold for $6.25 to $7.15, low- • er grades making the market at $4.50 to $5.75. She stock held steady i with good and choice heifers selling for $5.25 to $6. Small lots brought $6.25, others selling under $5. Beef i cows sold for $2.75 to 53.50, top $4. 1 Receipts were 1,600. Vealers were ! steady at $6 down. Calf receipts i were 700. Lambs were active and higher. Bulk of ewes and wethers sold in a range of $7.50 to $8 with a top of $8.25. Bucks brought a dollar less as usual. Culls and throwouts sold I for $3.50 to $6. Receipts were 1.600. Two-way market developed in hog i trading at Chicago. Asking was strong to slightly higher and indications were lower. Receipts were estimated at 25,000, including 9,000 direct; holdovers. 3.000. Cattle receipts numbered 11,000; calves. 2,000; market steady to weak. Sheep receipts were 10,000; market around I 25 cents lower. Other Livestock BY UNITED PRESS EAST BUFFALO, JY.lv 19. Hogs On ! xala. 1 400; active generally steady to 19c j higher; 170-250 lbs.. $5.35®5.40; mostly I $5.35; light weights and pigs slow, 160 lbs. down to $4*14.75. Cattle Receipts. 100: active on steers and heifers, early bid about, steady with Monday s prices; cows and bulls, actiye. generally steady; fat rows. $3.75(04; good bulls. s3*/3.75. Calves Receipts. 200: fairly actiye, mostly steady; good to choice. $6.500/7• medium. s6*l 8.50: cull and common, s4*/5.50. Sheep Receipts. 900; mostly steady, slow; best ewes and wethers, $8.75; leniently sorted. $8.65 down: fat. bucks. $7.75: culls, *3®. 3,60: good to choice ewes $1.50®2 50. PITTSBURGH. July 19— Cattle-Re-ceipts. 20: market, steady. Hogs—Receipts. 1.500: market, steady to 5c higher: prime heavies, 240-300 lbs . $5.25*/ 5.40; heavy mixed. 210-240 lbs.. $5.40*/ 5.45' mediums. 180-210 lbs.. $5.40*/ 5.45: heavy Yorkers, $5.25*15.40; light Yorkers. 1.120-1.451 lbs $4,254/4.75: pigs. 90-115 lbs.. $3.50*14; roughs. $3.50*/4. Sheep and lambs--Re-ceipts. 800; market, steady; lambs, good 'to choice 90 lbs. down. $7.75*/8.25; mei diurn 90 lbs. down. $6.50*5-7.25; medium, j si lbs,, up $5.50*/ 6; sheep, wethers, prime, i $2.60*/2.75: fair lo good. $2*52.25: ewes, ] medium to choice. $1..50*/T.75. Calves Receipts 200; market, steadv: vealers. good, i s6*s 6.50; a few at. $7; medium. $5.25*55 50: , heavy and thin. $4*55.

RICHARD LIE BE R BREWING CORPORATION Preferred Stock C onvertible and Participating Orders Executed at Market Wm. E. Shumaker & Cos., Inc. 1108 Circle Tower Lincoln 8&U INDIANAPOLIS

RICHARD LIEBER BREWING CORPORATION Preferred Stock Convertible and Participating Orders Executed at Market % A. R. Hebblethwaite & Cos., Inc. 609 Merchants Bank Bldg. Lincoln 7512 ' INDIANAPOLIS

RICHARD LIEBER BREWING CORPORATION Preferred Stock Convertible and Participating Orders Executed at Market J. L. Rodabaugh & Cos., Inc. Fletcher Trust Bldg. Lincoln 2647 INDIANAPOLIS

RICHARD LIEBER BREWING CORPORATION Preferred Stock C onvertible and Participating Orders Executed at Market Raymond I). Jackson & Cos. Fletcher Trust Bldju Lincoln 3050 INDIANAPOLIS

THE INDIANAPOLIS TIMES

INDIANA STOCKS AND BONDS

The following Quotations do not rep- | resent actual bids or offerings, but merei' I indicate the approximate market leve: based on btivinr ana seiitng inquiries or j recent transactions j —July 19— STOCKB Bid. Ask Belt Rail A Stock Yards, com. 26 30 B!t Rail & Stock Yds Did 6% 45 50 Cent Ind Pwr pfd 7% 13 16 Citizens Gas com 1$ U ! Citizens Gas Cos Did 5% 63 67 I Home T & T Ft Wavne old 7% 36 40 Ind A- M;eh Elec Cos pfd 69 73 lln Gen Service Cos Did 6"7 .64 68 Ind Hydro Elec Cos TV 27 30 IndDls Gas Cos com 40 44 Indpls Pwr A Li pfd 6% . . ... 60 64 Indpls Pwr A Lt Cos pfd 6%% 69% <3 i , Indpls Water Cos pfd 5%... 88 92 No Ind Pub Serv Cos pfd 5%% 37 41 No Ind Pub Serv Cos 6% 38 42 No Ind Pub Serv Cos 7b 44 48 - Public Serv Cos of Ind pfd 6' v I5 1 a 18 2 Public Serv Cos or Ind Dfd ~ r * 3U a 41 2 South Ind Gas A El pfd 6%.. 56 60 Terre Haut Elec Dfd 6' e 40 43 BONDS Belt R R A Stkvds 4s 1939.. 88 92 Citizens Gas Cos 5s 1942 83 2 ,?‘, 2 I Home T A W s’ss Home T A T W 65.1943 98 302 Indpls Gas Cos 5s 1952 ‘J 4? Indpls Rvs Inc 5s 196. ... 28 31 Indpls Water Cos 4' 2 s 1940... 99 102 j Indpls Water Cos 5s 1960.... 93 9. Indnls Water Cos 5s 1?i0 ... 92 96 Indpls Wn'er Cos , 5 %s 1953...100 103 Indpls Water Cos s'2B 1954 . . .100 103 Kokomo Wat Works os 1908 .. <5 <9 Lafavette Tel Cos 5s 1951 ■■ • • 83 8, Muncie Water Works 5s 1939.. 90 94 Richmond Water Works J 95., 84 88 Tprrr Haute Water Wk 5s 1956 85 8n Terre Hut, Wat. Wk 6s 194_9 94 98 Traction Terminal Cos 5s 1957 45 49 Other Livestock HOGS July Bulk Top 12. $4.75*/ 4.90 $4 95 8,000 13. 4.75*/ 4 90 ♦ 95 2 14 4 60'S 475 4.75 '.500 15. 4 70® 485 485 2.500 17. 4 80*/ 4.95 5.00 6.500 iq a on*7 4Q5 5.00 10.00 L !?■ lIS'S 100 5.00 10,000 Market, lower. I (140-160) Good and choice $ 4.05® 4.30 —Light Weights—- - G6O-180) Good and choice ... 475 1180-200 Good and choice 4 80*a Medium Weights—--1200-2201 Good and choice... 4.85 a 490 i 1220-250) Good and choice 4.85 b 5.00 —Heavy Weißhts—--11250-290' Good and choice 4.85*1 4.9 U (290-350) Good and choice... 4.75 ff 4.8 -Packing Sows(3so down) Good 3 |0 a 4 15 (350 UP' Good 3 25 a 4.00 (All weights) Medium .. 3.00® 3.50 - Slaughter Pigs—-(loo-130) Good and choice 3.00# 3.45 CATTLE Receipts. 1.600; market, higher. (1,050-1,100)- ‘ - . r nc Good and choice “ f'Sg Common and medium 4.25® 5.75 (1.100-1.500) , *7 E/J? *7 OE Good and choice i. in Common and medium 4.50® n.st) —Heifers — : S <3ood° and choice 535 Common and medium 3 50® 5.25 | i * GoocT and choice 4 50® 6.00 Common and medium 3.25® 4.au mod ... 3.25® 4.00 ; Common' and medium 2.50® 3.25 Low cutter and medium ..... J; 50 ® 250 r . . - Bulls (yearlings Cutter, common and medium.. 2 00® 3.00 VEALERS Receipts.. 70O; market, steady Good and choice SAO j Cull and common 2.50® 5.75 ; —Calves— I (250-500) — 3 so *ls Os) 1 | Good and choice 7 00® 350 ! i Common and medium . -.L 00 ® 1 3 ' !>o | I Feeder and Stocker Cattle—-(soo-800) — , sn*?> 5 75 Good and choice 4ao a 5.75 Common and medium 3.00® 4.su , I (800-1.500 i— . , - n - c 7 e Good and choice \ 4 50 i Common and medium 3.00# 4.su SHEEP AND LAMBS Receipts. 1.600: market, higher. - Lambs. Shorn Basis—(9o lbs. downi good A choice $ '6O 0 82. (90 lbs. down) com. and med. 4.50® 7.00 Good and choice 2.00® 3.00 Common and medium l oop z.uu

PAY ROLLS OF NATION SHOW GAIN FOR JUNE Employment Up 7 Per Cent for Month: Increases Are General. BY MAX STERN Times Special Writer WASHINGTON, July 19.—American industry has a long, hard pull ahead to bring the purchasing power of the 40.000.000 wage-earners up to producing power, warns Miss Frances Perkins, secretary of labor, in releasing encouraging employment figures for June. The figures show a 7 per cent gain in employment in manufacturing establishments in June over May and an 11 per cent increase in payrolls. The labor department estimates that, based on a stuu> c. plants in eighty-nine of the chief manufacturing industries. 400,000 American workmen found jobs in June. Os the eighty-nine industries reporting, all but ten showed increased activities over May. In a month when employment usually declines these industries added $9,000,000 in buying power through wages. Marked increases were noted in sixteen non-manufac-turing industries, as well as in farm and transportation. But—"We are far from being out of the woods of this depression.” Secretary Perkins warns, "although the percentage increases in employment and pay rolls has been large, it must be borne in mind that the actual rise in both cases was small as compared with the total number of workers normally employed and the total pay rolls normally paid out.

RICHARD LIEBER BREWING CORPORATION Preferred Stock Convertible and Participating Orders Executed at Market Breed, Elliott & Harrison 109 N. Pennsylvania St. HI ley 2561 INDIANAPOLIS

NEW OFFERING 0 125,000 Shares Richard Lieher Brewing Corporation INDIANAPOLIS, INDIANA (An Indiana Corporation) $4-00 Par Preferred Stock Convertible and Participating Convertible at any time at the option oj the holder into Common Stock on a share for share hasis. Preferred as to cumulative dividends at the rate of 50c per share per annum from and after October 1, 1933, and, upon liquidation, as to assets at the rate of $5.00 per share and accrued dividends. Participates fully with the Common Stock, on a share for share basis, in further dividend distribution after the Common Stock has received 50c per share. Callable at any time after July 1, 1936 in whole or in part, on sixty days’ notice at $5.50 per share and accrued dividends. The Preferred has no voting rights unless the Corporation shall be in arrears in the payment of four quarterly dividends after April 1, 1934, whether consecutive or not, when it becomes voting on a share for share hasis with the Common. Quarterly dividend dates: Ist day of January, April, July and October of each year. First cumulative dividend paying date July 1, 1934. CAPITALIZATION Authorized Outstanding Preferred Stock* ($4.00 par) 125,000 shs. **125,000 shs. Common Stock (SI.OO par) ***250,000 shs. 125,000 shs. *Upon liquidation, preferred as to assets at $5.00 per share. **Upon completion of present financing. ***125,000 shares reserved for conversion of Preferred Stock, at any time, on a share for share basis. The Richard Lieber Brewing Corporation (formerly Mid-West equip the plant for a capacity of 175,000 barrels to 200,000 barrels Brewing Cos., Inc.), was organized January 12, 1933, and has pur* annually. chased the brewing property formerly known as the Capital City Fun d s realized from the sale of this issue of Preferred Stock will be Brewery, located in Indianapolis, Indiana. This property has been devoted to the following purposes: (a) $20,000.00 to payment of an operated since Prohibition for cold storage and creamery purposes unsecured note, (b) $100,000.00 to retire the mortgage indebtedby the Polk Sanitary Milk Company. The corporation will have only ness, (c) approximately $200,000.00 for the cost of remodeling exista rental income until completion ot the improvements contemplated j n g buildings and purchasing equipment and machinery, (and) approxherein. imately $25,000.00 for the purchase of trucks, rolling stock, bottles, Indianapolis, Indiana, the capital of the State of Indiana, has a popula- kegs, and cartons, and (e) the unexpended balance for working tion of approximately 350,000. Marion County, Indiana, has a popula- capital and other corporate purposes. Pending completion of present tion of over 422,000, and the population within a radius of 60 miles financing, funds will he deposited with the Continental Illinois of Indianapolis is approximately 1,225,000. Prior to Prohibition National Bank and Trust Company of Chicago, subject to release only there were five brewery plants in Indianapolis with an estimated upon the joint order of the Corporation and Wm. R. Stuart Sc Cos. capacity of 800.000 barrels per annum. Today there is only one other Mr . Richilrd j.ieher. president, nationally known conservationist and bf !. W , ian i P ° ‘ S WKh * re P° rted ca P aclt y of between 75,000 , jstcd , n " Whn ' s Who in America,” came to the United States in 1891. and 100,000 barrels per annum. pj ve years i ater established in Indianapolis the firm of Richard The property consists of five acres of real estate with substantially Lieber & Company, bottlers of beverages, and importers of cordials constructed brewhouse, bottling house, storage cellars, and other and wines. Since 1919 Mr. Lieber has been the head of the Departbmldings, all of typical brewery design, providing approximately ment of Conservation of the State of Indiana during successive political 83,000 square feet of floor area, and containing modern power and administrations and resigned July 7, 1933. Mr. Lieber has a contract refrigeration machinery appraised as of June Ist, 1933 by THE AMER- with the Corporation, dated July 10, 1933, extending for a period of If.AN APPRAISAL COMPANY at sound values at $246,420.00. five years whereby he will receive an annual salary commencing at The Corporation acquired said property, subject to a mortgage of SB,OOO to be increased by SI,OOO in each succeeding year, together $100,000.00, from Messrs. Paul S. Ragan and Uz McMurtrie of Indian- with a bonus equal to 5% of the Corporation’s net profits in each year apolis, Indiana, for 101,500 shares of the Corporation’s Common until such salary and bonus shall amount to $25,000 per annum, and Stock and $32,500.00 in cash. On the real estate is a spur switch to the thereafter a bonus equal to 3% of any additional net profit in such year. Pennsylvania Railroad. FRE\ N ENGINEERING COMP ANY, of Chi- For Mr. Lieher to earn $ 2 5,000 per year under this contract, net profits cago, widely recognized brewery engineers, will have charge of plant would have to equal r.pproximatelv $340,000.00 per annum, or apimprovement and installation of equipment, which they estimate will proximately $1.36 per share on both Preferred and Common stock. CONDENSED PRO FORMA BALANCE SHEET BALANCE SHEET (Prepured from pro form* htlance sheet presented bjr TOUCHE, NIVEN * CO. As Certified to by TOUCHE, NIVEN & CO. July 12. 1933 Public Accountants, to give effect to sale of this Preferred stock as of July 12, 1933.) . rrr T C ASSETS CASH $157 173 80 CASH $ 5,600.00 CASH RESERVED FOR PLANT* IMPROVEMENTS, ’ L ** a P prai4ed by PURCHASE OF ADDITIONAL MACHINERY, A Tand t vfnnnnn IVO nnnn r EQUIPMENT. BOTTLES, KEGS, ETC 225,000.00 inn er? * 159 ’ 120 ’ 00 Eqi " p ‘ n nßt n u ru' DEFERRED CHARGES: Prepaid Licenses and Bond, DEFERRED CHARGES _8, 826.11 $ 2 ,900.00 Appraisal and Engineering, $816.75 TOTAL ASSETS : $637,420.00 Prepaid Expenses, $2,534.36 —TOTAL 6,251.11 LIABILITIES TOTAL ASSETS ; $258^271.1.7 CAPITAL STOCK: LIABILITIES Preferred Stock (This Issue)— ACCOUNTS PAYABLE $ 85111 125,000 Shares at $4.00 per 5hare..:....5500,000.00 REAL ESTATE MORTGAGE (Pavable on or before Common Stock—Authorized 250,000 Shares (SI.OO September 1, 1933) 100 000 00 Par) NOTE PAYABLE 20WHL00 Issued —1 25,000 Shares.; 125,000.00 COMMON STOCK (125,000 shares, par value $1.00) 125 000 00 CAPITAL SURPLUS 12,420.00 CAPITAL SURPLUS ..... 1 2J2000 TOTAL : $637,420.00 TOTAL LIABILITIES..; $2 58^2717T OFFICERS AND DIRECTORS The following officers and directors are the owners of 64,377 shares of common stock which is more than a majority of outstanding common stock in the Corporation. Other common stockholders, all residents of the State of Indiana, ow n less than 10% each of such common stock. Richard Lieber. President and Director, 3119 North Meridian Street, Meridian Street, Indianapolis, Indiana, 24,8'7 shs; Arch V - GrossIndianapolis, Ind., 12,500 shs; Ralph Vs . Lteber, Vice President and man, Director, 3766 Totem Lane-Golden Hill, Indianapolis Indiana Director, 4462 North Delaware Street, Indianapolis, Indiana, 1,000 1,000 shs; William R. Stuart, Director, 135 South La Salle Street' shs; John J. Kennedy, Secretary-Treasurer and Director, 5545 North Chicago, Illinois, 25,000 shs. The foregoing has been summarized from the descriptive circular which will he furnished upon request-! All legal matters in connection with this issue will be passed on by net to said corporation. AH sales expense, fees of counsel for the Messrs. Kirkland, Fleming, Green and Martin of Chicago, for the bankers, advertising, and dealers’ and salesmen’s commissions are to bankers, and by Messrs. Rappaport, Kipp and Lieber of Indianapolis, be paid by Wm. R. Stuart & Cos. Upon purchase by Wm R Stuart Sc Cos for the Company. Wm. R. Stuart & Cos. has an underwriting option of 12 5,000 shares of said Preferred Stock and payment therefor of the contract, dated July 10, 1933, in wh.ch it agrees to purchase 30,000 sum of $4.00 per share net to said company, certain common stock shares of the Preferred Stock offered herein from the issuer—the holders have agreed to assign 12,500 shares of their common stock Richard Lieber Brew ing Corporation, at $4.00 per share net to said to Wm. R. Stuart A Cos., without cash consideration, issuer. Under the same contract Mi m. R. Stuart Sc Cos. has an option on We offer this Preferred Stock w hen and as received by us and sublet the remaining 95,000 shares of said Preferred Stock at $4.00 per share to prior sale. Listed on the Chicago Board of Trade, Price at the Market DESCRIPTIVE CIRCULAR ON REQUEST lUM. R. STUART & CO. INCORPORATED The Field Building, 135 South La Salle St., Chicago, Telephone State 1600

Chicago Stocks Rv Abbott, Hosnin A C" "

TOTAL SALES. 155.1KK* SHARES —July 18— High. Low. Close. Allied Products ... Am Pub Serv pfd ... 8* Asbestos Mfg 4% 4*3 4% Associated TAT A)..** % . Asso Tel A Tel 6% ... 2% 2% 2;* Bast ian-Blessing 12 ll ! a 11'* Bendix Aviation . 20% 20 20% Binks Mfg ... 3 Borg-Warner 20 19% 19% Borg-Wraner pfd . 92% 92 92 Brown Fence A W 'A . 8 7% 8 Brown Fence St W iB. 3% Butler Bros 5% 5% s s * Berghoff 16% 15% 15% Central Cold Storage . . . . 5' Cent 111 Pub Serv p(d 29 27 29 Cent 111 Securities pfd 7% 7% 7% Cent Pub Serv Class .A' . ... ’2 Cent A So West.. 3% 33 ! Cent A Si West pfd 23% 22 22 Cent A So West P L pfd 29 2 7 27 Chi A North Western 15% 14'* 14% Chi City A Con Rvs ctfs .. 2 Chicago Corp com 4’ z 4'. 4 S Chicago Corp pfd 30'2 30 30'2 Chicago Flexible Shaft . l2’- 11 12' Chicago Yellow Cab 13 5 8 Cities Service 4** 4 1 * 4 , Club Aluminum . ... s. 4 Coleman Lamp AS .. 8 Continental Steel 9 J * 9' 3 9 1 * Cord Corp 15'* 14'* 14 5 , Crane Cos 10% 9% 9 7 * Crane Cos pfd 54 7 * 54 : 2 54 7 Curtis Mfg Cos ... 9 Dexter Cos 7% 7 7% Electric Household .... 11 7 11'* ll 5 * Godchaux B 14% 14> 2 14% Great Lakes Aircraft .... ... 1% Iron Fireman 8% 8% 8> a Jefferson Elec ... 13% Kalamazoo Stove 32% 29 32 Katz Drug 23 Kevstone Steel ... 14\ Libbv McNeil 6% 6% 6** Lindsay Light ... 4 Loudon Packing 13 Lynch Corp 37% 35% 36% Marshall Field 17% 17% 17% McGraw Electric 6 5% 5% Meadows Mfg Cos., com 1 Mickelberrv'.s Food Prod 6% 6 6 Middle West Utilities 12 Midland United 1% 1% I%'j Midland U 6% p L 2% I Mohawk Rubber . . 6 National Battery ... 22 National Elec Pw "A’.. % % % National Leather 2% 2% 2% National Standard ... 21% National Union Radio ... 1% Noblitt-Spks Ind Inc . 28% 28 28 N Amer Car ... 7 N Am L A Pwr 6 Northwest Bancorporatn 9% 9% 9% Northwest Engineering 9 Penn Gas A Elec 8% Perfect. Circle 24% 24% 24% Pines Winterfront 4% 4% 4% Potter Cos 3 Prima Cos 34% 32% 33% Process Corp ... 4 Public Service N P •42% Quaker Oats 145 142% 145 Quaker Oats, pfd ... 115 Railroad Shares 1% 1% 1% Raytheon V T C ... ... 2 Reliance Mfg Cos 17% 17 17 Seaboard Utilities shares 1 V 1 Sears Roebuck 46% 45 45 Signode Steel Strapping 2%

Studebaker Mai! A. . % 1 Swift ACo 23% 22% 22% Swift International 31 30% 30% Thompson ,T R 12 11% 11% ■ U S Gvpsum Com . 51% U S Radio A Tel 18% 17% 18 ! Utility A Ind 2% Utility A Ind pfd 5% Vortex Cud Cos 8% 8% 8% Vortex Cud Cos A . . 26 Walgreen Cos com 20% 20 20 Ward Montgomery A ,R3% ao 83Wavne Pump Com . ... It, Wieboldt Stores .13 12% 12% ■William Oil-O-Matic . 4% 3% 4% Wisconsin Banksharec 6’*

Bright Spots

Bv United Pres* Bureau of railway economics reports freight traffic handled by Class 1 carriers in May totaled 21.731 663 - 000 net ton miles, an increase of 9 4 per cent over May. 1932. Department of labor reports June manufacturing employment was 7 per cent oser Mav while pay rolls rose 10.8 per cent. United American Bosch Corporation reports June quarter net profit of $41,590, against net loss of $164,270 in like 1932 quarter. Chesapeake & Ohio railroad reports first half net income of $2,422,316. against $1,016,711 in corresponding period of last year. Rubber Manufacturers association reports May pneumatic casing shipments totaled 5,180,173, an increase of 41.8 per cent over April. CHICAGO FRUIT MARKET By X m teil rrex* CHICAGO July ft) Fruit quolations Apples—lllinois Transparents and Duchess, bushels 75c051. Raspberries Michigan reds. $1 25*/1 ,5; blacks $1®125 Cherries—Michigan sour. $1(0 1.25; sweet $125 Spinach- Illinois. 75c® sl. String beans - Illinois and Michigan. TScfi %] Blueberries—Michigan. *4*/4.50. Cucumbers _ql.7S. Celery—Michigan. 50® 65c. Caulinoet— Illinois. 3O*/50c Potatoes Illinois .61® 1.25: flats, 75c®$1. Carrots Illinois sl®2 Canteloupes—lndiana. sl® Illinois. 80c® sl. onion mar- • f'k. C ? !lfornia ' yellow, $1 ®1 25; whites $2 25; lowa and Illinois. 85c®$l

RICHARD LIEBER BREWING CORPORATION Preferred Stock Convertible and Participating Orders Executed at Market Kiser, C ohn & Shumaker. Inc. 128 E. Washington St. Lincoln 2481 INDIANAPOLIS

JULY 19, 1933

PRICES ON DOPE NOW ‘SKY HIGH’ ADDICTS FIND Narcotic Users Are Pressed Hard. Is Belief of Federal Agents. With narcotic prices exorbitantly high, these are hard days for drug users who depend on illegal channels for their supplies according to federal narcotic agents. In fact, prices of morphine, opium, heroin, and other drugs have risen the last two years, until they almost are prohibitive. ; An ounce of morphine that could be purchased for SB6 two years ago now sells for $125. One agent points out the drug habit is exceedingly expensive. An i ounce of morphine a month is required by the ordinary drug user. Thus, in a year an addict may spend enough to keep a medium-sized Thus, in a year an addict and other 1 necessities. When drug users do not hate j money, agents assert, they will resort. to all kinds of schemes to get narcotics. This is responsible for a high ratio of criminals among ari- • diets, they declare. Agents sav narcotic rings in this state tactically are disbanded. In the Air Weather conditions at 9 a. m.: | Southwest wind 2 miles an hour; ! temperature, 82, barometric pressure, 30.11 at sea level; general conditions. clear; ceiling, unlimited; , visibility, 15 miles.