Indianapolis Times, Volume 45, Number 62, Indianapolis, Marion County, 22 July 1933 — Page 9

•TTT.Y 22, 1923

W all Street New Bull Market Develops Before Investigation of Last One Is Completed: Speculation at Peak.

BY R %LPH lIF.NDERSHOT lime* "penal financial Wrter

It is beginning to look as T we are nr will bn in another sensational bui: nibefore ’he .■.enate committee finishes its investigation of the last one. In fact, dealings of late have been heavier than they ever were in the bt..i mark' * which terminated so disastrously in 1929. And we have, m addition ne'h- *v.<.m peculation we ever had in commodities. And it can no* be said that the speculation we have experienced In recent *• •k. hi been due entirely to inflation and the prospects of revaluing the dollax has been going wild over the so-called hq .or stock. . Interest in those securities is greater

tod..- than it was in investment trust stocks or in foreign bonds at their peaks L.r • wtek a liquor stock was placed on the market. The ;n:‘:al market price was more than twice the ; • icn it wa offered. N'aTonal Distillers, wh. sold hs low as 18‘ this year, sold recently at a nigh of 124'-. A gam of 10 points or more in a ession has not been uncommon in stocks in tne liquor group. B B B Gains Made on Prospects * Tlie eighteenth amendment to the United States "or :.tution has not been repealed, although there is • <■:•. indication that it will be erased from the books. But r-.rn if it were already repealed there would be no way of judging the prospects of this or that com•r.v Ob\ loasly, then, the buying which has taken dace . , ba ed largely on guesswork, and it can not x r* garde cl a.s being for investment purposes.

Ilalph iiendershot

The senate im'.tira ion apparently was made to find out what n tl nd to find a way to curb irregular practice i: .nd wher- the existed. Many people had hoped that it would definitely rest .< • the dangerous features oL speculation, but it would seem that it . failed to bring much in the way of tangible results of a corn • t.ive nature At any rate, speculation is with us again, and it is Just as wild as it ever was. a a a “Let'* Have One More Round’* M people who have bought stocks in the last three months purcha *d : hem for investment.. They had intended to "put them in the box and for-et them " But they haven't donp any such thing. So long as the pr; e remained low the temptation to sell did not exist. But when the puv !i.i •.. i v profits of 5, 10 and 20 points or more staring them in the lac- they got a different slant on things. Some took their profits r stocks, and then they began those stocks to provide margin to buy others. They have had their first few dunks by this time, and they may have to be carried home. Evidently ovrrsperulation is distasteful to the powers that be in t can they do about It? They were responsible for th ■ inflation ici- t. and they were largely responsible for the votes which an- befhi taken on repeal. The very confidence which the public has in th. Pri id. in has furnished much of the basis for the purchases of stocks and ronimixiit. Speculation probably could be stopped if this conflb' nee were destroyed. It probably could be stopped if the various exchanges throughout the country were closed. But such action might be like cutting off a toe to get rid of i corn. It's much too deep for a plain newspaper man.

New York Stocks

I MV IDDOU. II —July 21 - FieV. Oil*— Hull Low Close rlose Amcradi .... 36 V 31V .I’, 37 A'. Rfy 2 s’, 21 1 i 21 1 4 25', Barnsdall ... a-, 7 7>, a’, <*.'ll ... 1).. la 10' . 10 • ll 1 , <*oiii of Ur! . 14’, 12 4 14 IP J Houston newt . :r-4 6', Houmoii ioldi . 28', 28 1 _• 28", 2.)', Indian Kfg 3', 3 3'* 3 1 , Mu! Coni Pet 12 V P il 12’ 4 Ohio OI! . . 14 10 V 11 13*3 Prt Corn 10'r 9'4 111 11 Phillip.’ Pi” 13 IP, 12’. 14 1 3 Purr Oil . 9V 7'. 7'. S'. Royal Dutch . . 34 34’, Slid Ol! 24’, 2.1 23 23'3 She!! Union 9*4 7 V 7’* 8 V Simu IV! . !)‘, B‘, B'.- 10', Skelli-v Oil 8' 6’ 2 6V B' 3 6"C V..c . . 12', 9' 3 10'3 12' 4 S O "t COl . 37'332 V 37 33'. S O Os Kan . 'O' 3 22 SO n! N J 37'4 33'j 33V 38 Sun 011 43 3 43 43 42'4 Tr\ corn 23’, IB 319 V 22', Tidewate: Assn 8.8 8 S'4 U:i On >f Cal 19 1 . 16V 17' 2 1,4•, "it eel Am linll Mills 2P. 14 18 20’. Hr• h iile-1 38’ 3 28 3.3 35'. Bier: A M 34-3 2! 29V ?4 Col Puri A- Ir 12', 7' 4 10 12 Cruc S' el 30 33 V 23V 30 Ouif Sts Steel 34 30 il 35 V Inland St re! . 40 I.udlum Steel 14'4 10V 10’, 18 Nail Steel 46 44'. -,4V 45', Rep Inn A St, 16 14 18 15 V Rrp Ii ,v Sti pi 46', 4P 41V 44>, V S Smelt . 69 62 '4 65 62 V V.inadiu in 27’ 4 20'3 21 1 3 25V Miitlan : 12 . 8 8 13' 4 l' S Pl. r A Ptlv P 14'3 15'4 17 V S St. rl . .49 49 .42' 7 56', U S Sire! nfd 97‘ 4 83’. 84 99 Yungs'*n SA T 29V 19 21’. 29', It all*— Atchison .70 60 60 69 At! Coast linr 50 49V 50 51 B A O :tn 21 23’, 30', Can Par 17 'j 1.7 14' 17 Ch A Ohio 41', .38 4043 U Chi A- C>t W 5 , ♦' 4V 5' 3 C M Si P 10'. 7'. 7', 9 C M v F' P pfd 15V 10 . P'. 14 Chi N 'A' IP.- 8 9 ■ 12 Chi H Is! . 6V 4 5 7’4 Ch: R I 7 pfd 12’. I)f la A Hud . 78 ■* 74'j 74'. 78 Erie 23'3 22'.- 22V 22’. Ort No;’hern rfd 27', 24 1 24', 24V Til Cent ra! 47 36 36 44', K C Sou 20 19 20 19 V 1 .i'll * Nash 62 1 62 67 4V M K A r 12 V 8 V 10 12 Mo Par . 3V 6 . ,', Mo Par :>fd ''V 7 V 8 10 . N 3' Ceil? 48', 36V 3RV 45’, N Y Ch. yS' l. 19 V 17 V 17 V- IPV N V C-S 1. hid 30’, 21 2! 29 * N V V. a Haven 79 21 23V 27 V NYOr A Wes 11V 8V 9V Ith N. sfr-< V Wes 163'. PS 155 163 Nor Par 2i", 7.6 26 -8 3 Prim R R 95V 39 39 31V Reading , ?9 22Sou Par 30’, 20V -o 23 4 SrU R R 30V 361, 29’, R * S, 1 K R Pfd .. 4? Cinon Par 117 V- 108'- 111', 115 VI W Man and 13 , P V l a 4 H Motor* — 6a s>a 59 SRV g-viv- ir-: hr s : . s (,I al* r.ill St''' 3*4 3 • 3.3 . Hudson . 13V 8., 9 V 11 Hupp .7 V 4 . S, Mark Truck 36V 31V 33V 33V Nash 32 V 15V 17V 21V Packard s', 4V 4V 5-j Rro 4'. 3V 3V JV et’.i.iebaker ''V 3', 5 6Yellow Truck 6 4V 4V 5V '1 >to. Access— R.: :\ 16 V- 13 l4 , 16 B V ■ 13 33V ”, 41 Bore Warner 16V 12V- 14 16V Bi CSS . 11 6V 9V IP. p-.dd Wheel 3V 3 . 3V 3V Eaton Mfs 12’, IP, IP* 13 E’er Auio Lite 21V 14 17 21V Hud Hershev 4\ ’ 3 M :;ms Mfr 7', 6’, *V 8-V M-irr.av R-.lv 9i, 7V *' 9 St " W.i: 'or . 9’ 6 ' . 9 T:'"ke- K.'l 29'. 7' 33 28 Mining— Alaska tin 28 V 2P* 74', 27 Are Sr-.-lt 2*V 31 34*. Aracanda 19 ISV 15V IRV Cn! A' Heel a 7 ■-', 5V 7*. Cerro TV Pasco 33V 75 25 33 Oranbv 12V 9'. V. 12V C.t Nor Ore 13 11 . 11V I?V Ho-es- *,l. . 250 211 230 247 Hour Sound 27 . 32 22 21 Tr.v Copper TV 4V 4V 7, In: Nlcke 19 14V 16'. 18 V Is! Creel: Coal . 28 29 Kenr.eco*' Cop 22 :<■, 19'. 21 Novinda Cop 3'', 27 28' 32 rhe’ps Dodge 1-’, "V 13'-, 16 Pl'ls Cos .' 17V- 13V 13V 21 Tobaccos — An SuufT 44 , 43 45 451. Am Sum Tnh . 58 P is IRI, A:”. T 1 acra \ ,a 7:-, 751, g; Am T’l acco B B'V 'a t 81V 86 flee Clear 4037 V 37'- . Lissi A Mvers It 9”, 88'* 88 89 l.orr:lard 21', 19 191, 31 Reynolds Tob R 46 V 42 V 44 46V I aninments— Allis Chalmers . 19V 15V 16V 16V Am Car A Pdy 28’, 27 22 2* Am Lima 26V 23’, 24 V 28’ - Am Mach A- Pdy 18 HV 13*. is Am Steel r.dv 20', 17>, is P-V Bald I -o 17 , a*, ;o’, jjv Rurrmiehs l* 14’, 14'- i". Case T 74V 76V -4-., rr-^ Cater Tract 71V 17', ’S’, 19 f !*f Palm Part 18’, 13V 15V IS, Cmfolo'im 27', I", ;s jps. Elec Stor It,! . 4* 42 42 441, Fearer Wheeler 16', 12 12V 15’., Oer, Am Tk car 3‘V 32 31 38 Oen Flee 2SV 7'’. 2”, 24’, OGett R R Sic 39 3-. 37V *o Tneso! Rand 6’V ‘S'. 58, 60V In? Bus Mach 14SV 139 133 Tnt Harvester 37’, a”, 30*, 37 Kelnrator . 11 7V |i, m’, Natl Cash Ree 19 1* I* *g*. Prrc A Clam hie 42 V- 38 38 , 4:', Pullman Inc 51 43 43 a-’, Simmons Bed 21’, ’** 20 22 Cnd Enlof 31V 26 26 2V West Ar R 27 V 73 V Ji, 7-1 We.tlnch E!ec 4V 3”, 4er, 45 Worth'ne’on Pm 28 25V 29V 32V I'tllltie*— Am * Por Pr 14V 9 19'. 14*, Am Pur * Lit 15’, 11 12V- ’4’. A T A T 174 V I*4 17' 17”, Am Wa- Was 34 V 3- 3} jj Br oa On Oas 1V 79 2 *9V *2 Cel O A Elec 23 V 16 18', 22V Col O A S pfd 6! 6! Com A Son . . - 4 3 3’. 4, Cens-3 rja. *7V S'- 52 5* E.r- Pwr * IJ*. HV 8 . 3’ ; 11V E P * L rtM . 21V IS le 20V In: TAT. . !’. 10V 12 V tH lou a A r A) 21V 17 ISV 21 Na? Put & Lit.. 16S 53V 14V 16*. North Amer MV 23 V 23V 37 Pic flit R ... 38 26, 37 39 V Pub Serv N J .. 49 4] 45- 46 80 Cai Edison., 34V 32 23 34V

Rtc < <7-9'- . 16V 15V 15 . 13V Sd (~1 pfd 17V- 14V 15 16*4 Uni'ed Corp 11 h B', ri, n Un Ci lii;| 21V 19V 20 20 s , Vl Pwr ALi *AI 6', 4 5 6 Wi-s'-rn Union.. 65V 49 55 60 Rubbers— P'.res'one ... 14-, 20 V 20V 25V Goodrich 16V 10 12V 16V Ooodvr.i, 39 32 32 V 34 V U S Rubber 19 14 14’. 18V V S Rubber pfd 33'-. 30 30 32 Kei Spring .. 4V 3V 3V 4V \rniistinrnl*— Cro >y R.idio ~B*.' 7 7g Kox Filin ,3V 33 3V Loe< Inc . 27'-, 20 1 . 23 26 Radio Corp rv 5> 71. 2'. R K O . 3V 2V 2V v! Warner Bro, . . 6V 3’, 5 gi, lOOdk All! Sugar . 61 55 56 63 V Armour A s’. 4V 5 6=, Beatrice Creann 21 17V 17V 20'. Bordet-. Prod 34 V 31V 31V 34 V Ca! Packing 27 23V 23V 97* Can Dry U Aie 28 20V 21 * 25V C.'ia Cola P7V 95'. 96 .98 ‘ C°i.! Firs X IA I 12*j 8* 8 J 11 Corn Prod 78, 74 7®V 78 £ rn - Wheat 31 23 27V 27'Oen F iods 37• . 331. 74 -i,,* L j ' ' 23V 19V 19V 22‘i G SUKar 3S 32V 32V 34V FPer.Mipy 59 50 1 2,,‘ Jnt Salt 24 20>, 213, S,* Loo.-e Wiles 37V 35'- IS'! ii' Nat! Biscuit 52 ?8V 49'! 50 J Natl ,3 Prod 22’, 193, iqil 071 Pet Milk " 19 * Purity Baa 20V 'i 'ta ini § J lO ” 0 Klco S4! 34 -74 5^i * ?."! Rrands. 26’. 21V 22V * 26V Lnt-ed FruP 5.6 j, rj Ward B.ik A 3 SVriEley ;; ' * 5' 1 * Relall Stores— * ’ 50 A o ' )r\ Goods 14*, 12’, 13V isc. Best A Cos 25V 23V 15 * Giml'e; Bros . 4’, " 4', “ 43* 2 Olmbel nfd . . * ni,* * Or Un Ten . 7 i 3 " fi *S * 2 * Hnhi: Dept Sts . 6-. 41, 4, | a Kre ite .8 S .14 ,*,' J Kroeer C.roe 29 25V 2s! jdi* .Mary R H .56 53V 53” SR Mm Dep' S' 29V 26 J; 3 noMom Ward 23V 19 2 0V 23V —July 21 Pemr. J C 44 36', 36’- 4-”. Bafri it St M • g * Seats Roebuck 3CV 30', 31 36', Hoi. worth 4S', 41V 42’? 44V kvi.itjon— * Aylatmn Corp 12 V B', 9V 12V noiicla.-s Air 14 11V JIV 14’, Curn- Wright 3'. 2‘, 2*, 31! curt Wright A S', 4’. 5 6 *‘' r 5' 6-V 5 5V 6*. **!"*"’ Aircraft 36V 28V 30 34'f hrmir aU— Air Reduction 89', 81', B’V g 6 A -e,l Chem 122’, 103 ll.s 3*31, An; Com Alcohol 43V 30 .)■’ 43-1 Col Carbon 58', 48 51 58 Com Solvents 31V 24', " 7 v eg IV p.'r.t . . 76 60 65 73', F. eporr Tex 39V 34', .'4', 191 7 I iquid Carh 33 2 ’ Vl V.?h Alkali 32V 28', 29’, 31V Tex Gulf Sitlph 29V 23V 27 091! Union Carbide 43*, 36', 39 1 u A Illd Alcohol 56V 41 46 52V Distil . 80V 64V 87 83 * Hrug>— Cotr Inc 6 4*, 41. *i 4 SO 44 V 44', 48', Limber' 35V 30V 32 35*1 Le.,n A- Fink 30 20 Zcrute Prod 6’, 5V sv 6’. Financial— * Adams Exp 10', 7V B*, 9*. Alleghany Corp S', 3', 4 6V Chesa Corp 45 37 37 43’, Tr.si’f itrcrlci 7>, 6*, 7 7’, Tr Cor.’l Corp . 6’, 6 6 7 Building— Am Radti'or 16 13V 13V 15’, Gei A’phali 21 15 37', 19V T:v Cement 34 31V 31V 34 Johns ManvilV 49', 37 4i 45 Llbhv Owen* Gl* 29V 21’, 24 28v G;.S FV- ;0 I 3 36*. 16', 19'* 4 2’, 33 Mi-celleneous— Am Rank N'o’e 2’'- 18 ”2', 22 Am Can 88V- 80 34', 87V Anchor Cap 24'. 17’, _'n . 24 Brklvn Man Tr 35'. 32', 32*1 35 Cor.-: Can 61 56V r >6V 56V ?■■**! mail K.oc!k:i TO' TO’* 80* 4 Owen> 78 * 87 70 77: 2 14'. 12V 12V 13’. Olid.-lrn 16V 12V 13 V 16 Gctham Silk 13 9', 9'- 13', 7r 1— Raver 67’, 60 64 V 67 Ir-iar R’Plo Tr 7>. €', 6', 7’, RraTp-.lk Hos' ll’a 10 10 13V

Daily Price Index

By 1 nited Re, NETVV YORK. Ju]v 21.—Dun & Braclstreet’s daily weighted price index of 30 basic commodities, complied for the United Press: .1930-1932 Average. 100> Today 104 46 Thursday 108 14 Week ago 110 4! Motlfh ago . 73 82 \i 113 52 67 86 Copyright. 1933 by Dun A' Bradstreet. Inc

Investment Trust Shares

/ Bt, Abbott Hcppln to Cos.) —Julv 21 Bid. Ask Amer. .-an Bsr.k Stock* Corp.. 12* M 2 Atr.rricar. Oenersl Sec A . 525 600 Basic Industry >hure 365 ... Btit.-h Tvr* Inv Tr sh *0 .00 C tera! Yrus-ee -hares A 500 537 C por ate Trust shares •old) 737 Corp. rate Trust shares -new- 257 3*4 Cumulative Trust shares . . 450 Diversified Trust shsrei A ... *25 .... Diversif.-d Trust shares B .9 12 937 Diversified Trust shares C . 350 360 Diw.stfled Trust shares D 575 00 £l7*l Insurance Stock Corp .. I*l 190 First Common 3-o-lt Corp 122 1.25 Priced Trust Oil shares A 9.25 F- • TANARUS: UR Op Shares B 4.00 . ... Fundamental Trust snares A . 412 Fundamental Truat shares B. 425 .... Lew Price: shares *62 ... M - lute? Trust shares 20 03 31,75 N":.'n Wide Securities 387 . ... N Amer Trust sh <1953'. 195 No th Amer Trust sh 55-56> 275 295 Selected American shares 2 94 Selec'ed Cumulative shares .7 1* 758 Se ecied Income shares 398 408 Std Amer Trust shares 325 340 Super Amer Trust shares A . 325 Trust Share? of America 320 3SO TrustrStd Oil A S.JJ 550 Trustee Std Oil B 4SO 4 95 V 8 Electric Uto Part A.... 10 75 .... Universal Trust shares J.PO J.IS

STOCKS BREAK; PAPER LOSSES ARE TERRIFIC Shorts Cover Heavily at Close, but Issues Run Far Behind. B'J t nitrr* Prr'i rw. f NEW YORK. July 22- A stampede of selling on the New York Stock Exchange in the late afternoon trading Friday broke the market 4 to 13 points in the heaviest turnover since the gigantic days of October. 1929. Shorts covered heavily near the close but losses'at the end of the session ran to more than $3 000.000.000. On Wednesday, the average lost 5 points; Thursday it lost more than l/and today the ’oss was extended. bringing the three-day total to around 20 points, one of the worst percentage declines in stock exchange history. Tickers Hopelessly Behind As the franvc session drew to a close, tickers were hopelessly behind the market, recording sales made thirty minutes previously. Today's crash came after an early advance of 1 to 5 points, which was accompanied by strength in wheat at Winnipeg and a weak dollar. The dollar strengthened late in the day with the pound sterling dropping 17 cents from its early high of $4.75 Sterling's crash 1 a corresponding dollar rise' was not explained in banks cr brokerage offices. The British conversion plan acceptance by parliament may have had a part in starting the decline, bankers said, but it was not scufficient to demoralize the unit. The sterling break came after the London trading had ceased. Commodities were forced down sharply. Cotton at its low was down S6 a bale, bringing the threedav loss of Sl2 a bale. Silver lost more than 2 cents an ounce; rubber lost more than 14 cents a pound Clerks Are Overworked Clerks in New York offices were complaining of overwork. They were forced to remain until after 2 a. m. this morning. It was believed the stock exchange might close the exchange for a day or so or curtail trading sessions to give them a rest, as it did in 1929. Dealings were done in cash grain at Chicago. Wheat No. 2 red was at 88'. cents a bushel, off 6T cents; corn No. 2 mixed. 49 '2 cents, off 7 s cents; rye. No. 2. 69. up 74 cents, and oats. No. 2 white, 324, off 64 cents. On the decline Steel common touched 494, off 8 4 points. By 2:55 p m. it was back to 524. Allied Chemical touched 110 off 114. It came back 3 points. Commercial solvents came back to 28. unchanged from a low of 24#. American Can was down to 814, off 54. and then came back 6 points for a small net gain. Wet stocks were strong in the early trading and sharply depressed in the late selling. National Distillers broke to 67, off 6 from a high above 80. It. too rallied. New York Central recovered 4 points of a loss of 11 points. Union Pacific rase 3 from its low of 1084. off 64- At the lows lasses of 4to 8 points were noted in Chrysler. General Motors, Montgomery Ward. Atchison. American Telephone. Auburn Auto, Loew s. American Smelting. Union Carbide General Electric and Consolidated Gas.

Average Stock Prices

Average of thirty industrial* for Thursday. Inch 'OS 65 low 94 76 last 36 26 off 7.32 average of twenty rails 55 27. 49 02. 49.56. off 4.45; .iverayr of twenty utilities 36.01. 32 52 32 92. off 3.28; average of forty bonds 88 67 off 37; average of ten first rail.' 93 50 off .01; average of ten jeror.d rails 76.50. off 1 10. avet ige of ten utilities 95,50 up .03 average of ten industrials for 89 19, off 38

Bank Ciearings ,

Indian irons STATEMENT —July 21— Clearings .81.845.000 00 Debits 5,868.000 00 TREASURY STATEMENT —July 21Net balance for July 19 $838.644 205 74 Int rev. rects. for day 2.501,105.36 Customs recta., mo. to date. 13.438.384.54 New York Curb Bv Abbott. Hoppm A: Cos I July Jl Close Close Aium Cos of Am 62 Imperial Oil . 11V Af Bey- 2V Trying Airchute S', Am C P* L 3 4V iml Ptrol . 15V Am Cyan B 9 Like Shore Mt. 40V Am A- For Pwr 6V Lcne Star Gas 9 Am Gas *Ei 34 Mount Prod .. 4’, Am Sup Pwr 4V Natl Bellas Hess 3 A:k Natl Pr A. 2*. Nsae Hud Pwr.. 10 Also Gas A I*, Pan A Airwavs 46V Atlas Ut Corp. 12V Parker Rstprl . 60’, Axton .53 Pennroad . 3', Eraz Tr eg Lt.. 12 V Pioneer Gld Mi 11 -sn Marc mi . 2 .t Regis Paper 5 Cent Sts PI 2V Sega! Lock . .. 1 Cities Serv 3V s?d Oil Ind. 28V Com Edison .S3 S'd OH of Kv 16V Cord 10 Ptutz 14 Derby Oil . ... 2 fmnslux ... 2V Eisler Elec IV United Fndrs .. 2 El Br.d iSh 23V United Oas .. 4 Ford of Er.c 4V Un T_' A- Pr A.. 5 Ford Mo: Can 12 United V*rrie .. 3 s , Hud Bay Min 9 \Vr Hargraves. 6 Liberty Bonds Bv T nit'it Prtnt NEW YORK July 21 —Closing Liberty Bonds Decimals represent 32nds Liberty 3Vs '32-47 .. . 102 24 Liberty First 4Vs 32-47- ioi 27 Liberty Fourth 4 ,s 33-38' 102 30 Treasury 4'-,s '47-52' 110 2 Treasure 4s 44-54 106 8 Tteasurv 3Vs , 46-56 ■ 104 42 Treasury 3Vs 4.3-47' 102 18 Treasury 3Vs - 40-43 June . 102 13 Treasury 3Vs 46-49 . 100 14 Treasury 3s 151-55 99 l New York Bank Stocks Bv Abbot? Hoppm A- Cos. —July 21— Bid Ask Bankers 82V 63 V Central Hanover ..... 138 140 Chase National 28V CSV Ch'-mical 37 37V National City 31’, 32V Corn Exchange 55 57 Continental .. 14 V 13 V F.rst National 1 430 1 450 Guaranty 312 314 Irving 19’, 20’, Manhattan. A: Cos 28 28 , Manufacurers • . 17’, I*V New York Trust 93 95

In the Cotton 'Markets

—July 21— High. Low Clos* January SIJ4 9.97 10 58 March 1134 lc 20 ip 70 May . .11 50 .0 28 10 81 July 9.96 October . 10 94 995 10 26 December 11 15 975 10 45 NEW YORK Janusrv 11 19 98* 10 59 March 11 40 10 10 10 66 Mav 11.52 10 25 10 80 Julv 10 55 9 35 9 96 October 10 93 9 58 10 28 December 11 13 976 10 46 NEW ORLEANS January . .11.13 9 75 10 40 March 11 24 10 00 10 58 Mav 11.39 10 09 10 69 Julv 9 76 October 10 86 9 49 10 11 December 11 05 960 10 23 NEW YORK RAW SUGAR —July 21 January 1 56 1 48 1 48 March 1.61 1.51 1 53 May -1 67 1.56 1.58 July 1.71 1.61 1.61 September 1 48 1.38 1.38 December 1.55 1.45 1.47

THE INDIANAPOLIS TIMES

INDIANA STOCKS AND BONDS

The fo!low:r.g cuotations do rot represent aclua! bids or offerings. but merely indicate the innroxima'e marie- level based on buying and selling Inquiries or 1 recent transactions — Ju'.r 31STOCKS Bid. Ask Beit Rail A- Stork Yards."com 26 30 ' Belt Ra.: A- Stock Yds nfd 45 50 Cent Ind Par pfd 7' .12 15 Citizens Gas com 14 1< Citizens Gas Cos ru'd s'. ..63 Home T A- T Ft Wsvl'.e nfd 7", 36 40 Und A- M.-fc Elec Cos nfd 7".. 66 < * I In Gn Service Cos Dfd 6%.. 64 68 Ind H-.dro Flee Cos 7 - 27 30 IndDl* Gas Cos com . 40 44 Ir.dpis Par & l: pfd 6% 68 .2 No Ind Pub Sere Cos pfd 54 ~ 35 39 Indn.s Water Cos nid ST. 88 93 No Ind Pub Serv Cos bid 54'r 37 4.. No Ir.d Pub Serv Cos 5 3 j 4. j No Ind Pub Serv Cos 7 42 46 Public Serv Cos of Ir.d pfd 7' 3s : j 41-j Public Serv Cos of Ir.d nfd 7 r 37 4 41 4 South Ind Gas A- El Dfd 8' .56 60 Terre Haute Elec Dfd 6". 40 43 BONDS Belt R R A- Stkvds 4s 1339.. 83, 92 Citizens Gas Cos 5s 1942 83 j 8.4 Home T A- W 54* 1955 96 4 100-j Home T A- T W 6s 1943 S8 102 Ir.dpis Oas Cos 5s 1352. .5 .8 ; Ir.dpis Rvs Ir.c 5s 1967 28 31 IndDls Water Cos 44s 1940... 99 102 Ir.dois Water Cos is 1960 93 97 Indols Water Cos 5s 1970 92 96 Indn’.s Water Cos 54s 1953...100 103 Indn'.s Water Cos 54s 1954 100 103 Kckomo Wat Works 5s 1958... 75 79 Lafavette Tel Cf> 5s 1957 .... 83 87 Muncie Water Works 5s 1939.. 90 94 ’ P.tchmond \Vatr Works 1957 84 83 Terre Haute Water Wk 5 s 1956 83 87 i Trr Haute Wat W'k 6s 1949 93 97 I Traction Terminal Cos 5s 1957.. 45 49 Other Livestock BY UNITED PRESS CHICAGt). Julv 21 —Hobs—Receipts. 19 - 000, including U.ooo direr ; active. 10*i 20c higher tnan Thursday. 200-290 lbs. S4 70 .J 4 85; top $4 90 300-370 lbs.. 84 50 -z 4 70. 140-190 lbs. 54 504/ 4 80. pies. 53 75 downward. packing sotvs. 53 90- 4 35. light lights. 140-160 lbs . good and choice. 54 i ,4 60 light weight. 160-200 lbs., good and | choice. $4 75'./ 4 85. medium weights. 200250 lbs., good and choice. 54 75ft 4 90; heavy 1 weights. 250-350 lbs., good and choice. $4 55ft 4 80: packing sows. 275-550 lbs. good and choice. $3 75'./4 40: slaughter ! pigs, 100-180 lbs . good and choice. $3 35 ! 4/4 Cattle - Receipts. 1,000. calves. 700; active and firm market on most grades and classes with supplies veil cleaned | up with occasional instances slightly heh;er pree all through the list. best light steers. 57.25. with springling 56 50 upward. ; but bulk $5 50 ' 6.2.5 and grassy and short ! fed kinds selling a’ 55 50 down to $4 25; ; bes- common light grade heifers. $2 75 • ■ 5. with some fat heifers. $5 up. long yeari- , me*. $5.90. bulls. $3,254/ 3.50. vealers. 564/ 6 50; practical top. 57, slaughter cattle and vealers. steers. 550-900 lbs . good and | choice. $5 754/7 40 900-1 100 ’bs good and ! choice. $5 754/7 50 1.1001-.300 lbs. good 'and choice. $5,754/7 75; 1.30011.500 lbs., 'good and choice. 55 75 -7 75: 550-1.300 lbs . common and medium. S3 50 / 6. heiffrsft 550-750 lbs . good and cnotee. S5 25ft 6 2C. common and medium. S3 254/5.25; ! cows. good. 53 50 /4 50 common and medium. 52 65 ./3 50; low cutter and cutter. 51 754/ 2 65; bulls tyearlings excluded' good ibeef l . 53 25 /4 cutter, common and medium. $2 50 /3 50: vealers. good and choice, $6 /7. medium. $5 254/ 6. cull and common. S3 75 rz 5 25. stacker and feeder cattle, steers. 500-1.050 lbs . good and choice. $4 50 4/6: common and medium. 834/ 430 Sheep i —Receipts. 9.000. lambs, active and strong l at week's advance bucks higher than , early Thursday best natives, 88 60: long | string westerns unsorted at that price; j none sorted to es an exreme; lambs. . 90 lbs. down, good and choice. 87 25 /8 75; common and medium. $4.50-1 7.50. ewes. 90-150 lbs good and choice. $1 25<f?3; all i weights, common and medium. $1411.75.

EAST BUFFALO. Ju!y 21—Hogs—On sale. 2.000. fairlv artive. steady. 225-240 lb- *5.35. bulk 170-250 lbs.. ss.loft 5.25: 160-200 lbs.. 54.75ft5.25: lightweights and pigs steadv. 16C !ba., down to $4ft4.75. Cattle—Receipts. 200; nc.tve. strong; western gras ssteers weighting about 900 lbs.. $5 50: plain steers and heifers. 54 65. rows steady; rutter and low cutter cows. $1.75 'l/2 50. bulls weak 25c lower. $3 9 3.50. Calves—Receipts. 400; active, steady: good to choice. s6.aoft7: medium. *6'./ 6 50; cull and common. 54 / 5 50. Sheep Receipts. 1.200; active, steadv; good to choice ewes and wethers. sß.so''/ 8 75: throw-out fat bucks downward from $7.75: medium. SS.SO ft 7.50; cull and common. $3 -/6. PITTSBURGH. Julv 21— Cattle- Receitps. 75; market, steadv Hoes—Rerelpts. 1.200: market, steadv. prime heavies 240300 lbs.. SSfts.ls: heavy mixed. 216-250 lbs.. ss.lsft 5.25: mediums. 180-210 lbs.. ss.lsft 5.25: heavy Yorkers. ss'./5.15; light Yorkers, 120-145 lbs . $4.25ft 4 50; pigs. 90115 lbs.. S3 50'/4; roughs. S3 50' /4. Sheep and iambs- Receipts, i.OOO. market steady; lambs, good to choice. 90 lbs down. sßft 8.25. ad 58 50. medium 90 libs. down. 56 50 ft 7.25. medium. 91 lbs. tip. $5.50 -i 6.50: sheep, wethers prime $2.60ft2.75; fair to good 52 26 ewe medium to choice. 31'./, 1 25. Calves—Receipt;. 100: market slow, steadv. vealers. good, 56ft6.50: a few a; S7; medium. 55.50 ft 6. heavy and thin. 54 ft 4.50 FT WAYNE. July 21.—Hoes 10 cents up; 250-300 lbs . 64 90. 300-350 lbs.. $4 80 200250 lbs.. 54 80. 170-200 lbs.. $4 70. 150-170 lbs . $4 30; 140-150 lbs.. $3 95. 130-140 lbs.. $3.70; 100-130 lbs , 53.25; roogs $3.50: stags $2 25. Calves $6 50; lambs $7.50 Cattle steady; steers, good and cliocie $5-5 50' grass steers, good and choice $3-3.50: medium and good S3-3.50, lea heifers, good and choice $4 50-5; grass hrifers. good and choice S4-4 25: medium arid good $3-4 common and medium S3-3 50! cows, good an dchotce $2 50-3 medium and good $22.50: cutters $1.75-2: earners sl-1 50. bulls good and choice $3-3.25. medium and good $2.50-3, butchers, good and light S3-3 50. LAFAYETTE. July 21 —Hog market 2530 cents higher: 200-300 lbs, 53.85-4 90-300-325 lbs . $4 75 170-200 lbs.. S4 70-4 80' 140-170 lbs. 53 90-4 25 100-140 lb., s.ll 3.50. roughs S3 75 down; top calves 55 Salop lambs $7 25. EAST ST. LOUIS 111 , Julv 21.—He.es—--8.500, including 1.700 through and directmarket. 5-./10c higher: few pigs were 10ft 15c up; ton $4 80: bulk 170-280 lb weights 54 70ft 4.80; 150-ICO lbs $4 15"/ 4,50: 130-150 lbs *3.50-6 4 25. 100-130 lbs $2 75ft3.50: sows. S3 85 4 Cattle- 1 000: calves -800. market generally steadv with desirable iizh- weight heffers strong a :-w steers $5.25-/6 40; heif-rs. $5-6: ton 685 lb heifer--. 56 65 cows. S2.7Sft 3 50. low cutters. slso''/185: too sausage bulls $3 40: good and choice vealers. $5 75slaughter steers. 550-1 ICO lbs good and choice. s6ft 7.25: common and medium S3 50ft 6; 1.100-1.500 lbs . choice. $6 50'-/ 7 25; good S6-/6 50: medium $4 75/6. Sheen—l.Bo(l; market active, generally steadv; bnlk of lambs to all interest. 53 25 ft 8.50; buck lambs. 51 less; throwouts. S3 50: fat ewes. *2.75 down: lambs 90 lbs down, good and choice *7.75ft 8 50: common and medium. 53 50' 7.75. yearling wethers. 90-110 lbs. good and choice. 5175 ft - 75. ewes 90-159 lbs. good and chose*. *1 soft 2.75: all weights, comm and mcdi-.im. 51 -2.

HORIZONTAL Answer to Previous Puzzle 14 What are in--1 First name of KA R A r-.JIBE RNHARQ T| Mrumenwl man in the a’fm IT 1-4 l i’c’i iBdOP compositions Picture. rKi 5 Last name of £L <L jjS L, 1 tTMDQ Q pj|U ° r [, 5* man in the EO I TJBtTEiATIIs'L : E E P . ' picture. Ni'E Vl: 11 Bird. JRLPILIACTn ESSI~~ n, * n ~ 8, a , ,B ° * 12 Corded cloth. f"||&P FTs'E [AIJROUS ' P ’ IS Regions. R AMdTG SAPAH LSBNET 17 And al f° a , 15 One. r An L I DBS S O musical——*. 16 Felt solicitude. [\['£‘ifl&iMF i~C p l -) IS Rough-haired C LECM £ NODOSE 20 Vehicle. rodent. WEL I O'S ! SI G.NOF. ES 22 ppak 19 To wager. , „ " -r 1 -i o tl carved .jem. 20 Folding bed. 41 Jo possess. famous ? 2T Buffalo 21 Egg of a louse 42 3 141 f‘ 59 Puddles. 29 B „ rPt 23 Remarks 43 Babylon god. VERTICAL .71 Mountain labbr.) 4a English coin. 1 Marigold. pass. 24 Neuter pro- c t i'• 2 Death notice. 33 Stir noun. lo To bind. 3 To perch. .37 To be indebted 25 Eccentric '* ° a ®- 4 Half an em. 39 Company, wheel. 51 Spraad of 5 Pronoun. 42 Evergreen 26 To steal. arches. 6 To unclose. trees. 28 Spanish. 53 Glasses in op- 7 Mother. 44 Person 29 Soft-finned tical instru* § pa#r of a opposed, fish. TO ent. circle. 46 Monkeys. 30 Poem. 54 Attar. 9 Close. 47 Cuckoo. 32 Humbug. 56 Silkworm. 10 Parts of 46 To relate. 33 Song for one. 57 The man in churches. 50 Greek letter. 34 Vegetables. the picture is 11 Teacher of the 52 Work of skill 36 Instrument a in man in the 53 Card game. 35 And. nationality? picture. 55 Upon/ 40 Poem. 5S He is a world 12 Rodent. 57 Italian river. r-g™ mam 9" "cT"! m sss 2 is 15 12 SSp ——— —%*H~r r fg If ■■<— ■ m ■■<■ Mi. 1- 1 ■ in ... . .-.I- ■■■■■■. —■ • 58 4 I —I” Li 1 i.j 1 nri ,1-1 u

SWINE VALUES SHOW GAINS OF 10 TO 15CENTS Cattle Weaker With Trade at Slow Pace: Sheep Lower. Hoes moved against the trend in ! commodity markets Friday morning and showed gams ranging from 10 to 15 cents at the city yards. Weights of 160 to 200 pounds .brought $4.75 to $4.80. 200 to 300 pounds. $4.85 to $4.94. several loads in this class selling for $4.95. with an extreme top of $5. From 300 pounds ; up a range of $4.65 to $4.75 prevailed; 140 to 160 pounds. $4 05 to $4 30. Light pigs sold down to S3. Packing sows brought $3.50 to $4.25. Receipts were 5.500, holdovers 577. The undertone was weaker in the cattle market, slaughter classes moving at a slow pace. Steers sold at $6 down with a few heifers mak- | ing the market at $4.25 to $5.50. Cows brought $2.75 to $3.50. Receipts were 500. Vealers were unchanged at $6.50 down. Calf receipts numbered 600. ’Sheep were 25 to 50 cents lower, ewe and wether lambs selling at $7.50 to SB. Practical top was $8.25 Bucks brought a dollar less. Culls and- throwouts sold for $3.50 to $6. Receipts were 2.200. Activity was exceptioally slow in hog trading at Chicago. Asking generally was 10 to 15 cents higher than Thursday's average. Receipts were estimated at 19.000. including 11.000 direct; holdovers. 3.000. Cattle receipts numbered 1.000; calves. 700; market strong. Sheep receipts were 1.000; market strong. HOGS July Bulk Top Receipts 14. 54.604-, 4 75 84 75 7.500 15. 4 7047 4 85 4 85 2.500 17. 4.804/ 4.95 5 00 6.500 j 18. 4 804/ 495 500 10.000 I 19. 4.75 7 4 90 5 00 10.000 20. 4 60 -/ 4.75 4 80 9.500 21. 4.75'a 4.90 5190 5.500 Market, higher. (140-160/ Good and choice S 4.0541 4 30 —Light Weights—--1180-1801 Good and choice .. 475 (180-2001 Good and choice. 480 —Medium Weights—-/200-220' Good and choice .. 4.85 1220-250/ Good and choice 4 85*3 500 —Heavy Weights—->2so-290' Good and choice .. 475 ■290-350' Good and choice 4 753 4.85 —Packing Sows—'3so down' Good 3 5047 4 25 (350 up' Good 3.25© 4 00 (AU weights/ Medium 3.00 ft 3.50 —Slaughter Pigs—-'loo-130' Good and choice ... 3.00 ft 345 CATTLE Receipts, 300; market, steady. (1.050-I.loo' Good and choice $ 57547 7 25 Uioo-Lsoe>— and medium 4251 575 Good and choice 5 7547 7 25 Common and medium 4 50 ft 5.50 „ —Hellers—-(sso-750' Good and choice 5 254? g 25 Common and medium 350 ft 5.25 (750-900' Good and choice 4 50ft 6.00 Common and medium 3.25 ft 4.50 —Cows— Good 3 254? 4 00 Common and medium 2.50 ft 3 25 Low cutter and medium 1.50 ft 2.50 . - Bulls (yearlings excluded' Good /beef 1 300 ft 350 Cutter, common and medium.. 2.00 ft 3.00 VEALERS Receipts. WK); market, steady. Good and choice 8 6.00 ft 650 Medium 4.50 ft 6 00 Cull and common 3.00 ft 4.50 —Calves—-(2so-500' Good and choice 350 ft 500 Common and medium ... 2 00ft 3 50 —Feeder and Stocker Cattle—-(soo-800 > Good and choice 4 501? 575 Common and medium 3 0047 4.50 (800-1.500' Good and choice 4 50ft 5 75 Common and medium 3.00 3 4.50 SHEEP AND LAMBS Receipts. 2.200; market, lower. —Lambs. Shorn Basis—<9o lbs. downi Good & choice 8 7 25ft 8 25 '9O lbs. downi Com. and med. 4,00 ft 725 Good and choice 2 00ft 3 00 Common and medium I.ooft 2.00 Other Livestock BY UNITED PRESS CLEVELAND. July 21—Cattle—Receipts. 150 market steady; prime ary leu yearling*. 300 lbs up. 86.50-7.25: choice to prime yearling heifers 85.25-6.00: cows and bulls unchanged. Calves—receipts. 300: market steadv on good grades and slightly weaker on common receipts, choice to prime 86.50-7 50. common $4 50 down. Sheen—Receipts. 400; market active and stead' ; choice wethers $2.50-3.25. choice spring lambs 5‘ 50-8 00. Hogs—Receipts, too market active and steadv: heavies 85 00. choice butchers 220-250 lbs $5 00; thin at i common hogs 160 lbs., up 84 754.85: stags 52 50; roughs and pigs at Thursday's prices. NEW YORK COFFEE FUTURES —July 21— RIO High. Low. Close. March 6 70 6 00 6 35 May .. 6.75 605 640 September 6.18 5.65 5 90 December 6 50 5.85 6 19 SANTOS March 8 70 3 20 8 47 Mar 8 95 8 25 8 55 September . 340 780 800 December 8.70 ,92 8 35

Radio Dial Twisters

—5:83 P. M NBC—John Pierce, tenor to 1 WE A F —a no P M KYW 1020 —Three Strings. Fisher s orchestra CBS E- an Evans baritone WENR 870'—Buddy Rogers orchestra WON 720'—Kemp'* orchestra. > NBC Der.r.v s orchestra to WJ’. WMAQ 167P' Dennv s orchestra to WJZ —6.15 P. M.— CBB-Be'.asco s orchestra. WBBM 770 —Himp s orchestra WON 1720—01d favorites WLS 870 —College Inn orchestra —* 30 P. M KMOA 1090 1 —Civic band CBS- Philadelphia orchestra. N! WEAF Airob,ls Cub,ti * t 0 NBC Philhamomc Svmphonv to WJZ WLS iS7O>- Barn dance. —:45 P. M.— WBBM . 7701—Ted Lewis orchestra WGN 1720' —Cole's orchestra. —7:00 P. M WBBM <770 —Phil Harris Revue NBC—Edith Evans, songs to WEAF WGN '72o'—McCovs orchestra. —7:15 P. M CBS-Ann Leal A Charles Carlile. WBBM '77ol—Arnhetm s orchestra NBC' Quartet to WEAF WGN '720 -Old Favorites WMAQ 16701 —Weems orchestra —7:30 P. M.— WBBM 770'—Griers orchestra

WFBM (1230) Indianapolis (Indianapolis Power and Light Comma?) SATUBDAT P. M 5 30—Casa Loma orchestra (CBS:. 6:00 —Evan Evans 'CBS'. 6 15—Rhvlhm Rascals 6 30—Philadelphia orchestra Succer Concert (CBS' 7:ls—Ann Leaf at the organ 'CBSt. 7 45—Saturdav Revue CBS . 8 15—Ishnm Jones orchrs’ra (CBS'. 8 45—Gertrude Ni -ser. 'CBS 9 00—Jerry Freeman orchestra (CBS'. 9 30—Charlie Davis orchestra 'CBS-. 10:00—Barnov Rapp orchestra (CBS'. 10 30—Gus Amheim orchestra 'CBS . a 00-sign or. SUNDAY A M 8 OO—Melodv Parade (CBS'. B:4s—Marion Carlev (CBS'. 9:oo—Entertainers 9 30—Christian Men Builders (10 30 to Noon. Silent'. 12 Noon—Did You Know? P M 12:15—Plavbovs 'CBS' 12 30—To be announced 1 30—Symphonic hour CBS'. 2.oo—Cathedra! hour (CBS'. 3 10—Willard Robison 'CBB'. 3 15 —Vera Van ICBSI. 3:3o—Bakers 'CBS 4 00— Wheeler Mission program. 4:3o—Chicago Knights 'CBS'.

Chicago Stocks By Abbott. Hopptn & Cos.

—July 21TOTAL SALES. 255,000 SHARES High. Low. Close. Abbot Lab 37V 36V 37V Acme Steel Cos 34’, 28 28 Adams Royalty V Aitorfer Bros 12V Am Pub Serv pfd ... 7V Asbestos Mfg 10V 10V 10', Assoc. Telephone Util V V V BasUan-Blessmg . .. . 8' 6 7V Bencix Aviation 16 s , 12 13V Borg-Warner pfd 92 Brown Fence ft W iAi .. ... 7V Brown Fence & W ißt 3V 3', 3V E L Bruce Cos 20 17 17 Buc.vrus Monighan Cos.. .. ... 11V Butler Bros .. 4’a 4 4’, Berghofl 13 10'i 11', Canal Construction .. 2H 2', 2' Castle AM ... 14 Cent IH Pub Serv pfd .25. 25 25 Cent 111 Securities com .. ... IV Cent Pub Serv class A V Chicago Corp com .. 3V 2’, 3 Chicago Corp pfd 29V 25V 25V Chicago Elec Mfg <A■ UV 10V 10V Chicago Yellow Cab. 13 10 10 Cities Service .. 3V 3 3V Club Aluminum . Comonwealth Edison 68 62V 62V Cord Corp 10V 8 9', Crane Cos 9 8 8 Crane Cos pfd 47 41 41 Curtis Lighting io', Dexter Cos 7V 6* 6V Electric Household .10 6 8 Fitzsimmons A- Connell .. 10 Gardner-Denver Cos 12 Godchaux "B" 9V 8 8 Goidblatt Bros 21', 19V 20 Great Lakes Aircraft. 1 V V Great Lakes Dredge ... 15’, 13V 13V Greyhound Corp ’, V V Grigsby Grunow ... . 3 2V 2V Hall Printing 7', 6 B', Hormel ft Cos . ... 23 Houdaille-Hershev B . 5Va 4 4 Illinois Brick 6 Ind Pneu Tool 13 Iron Fireman 7 6 6 Jeflerson Elec n', Kalamazoo Stove 24 19 19 Katz Drug 22 20 22 Kentucky Ut Jr C pfd 21V 20 20 V Keystone Steel 12V 11 11 LaSalle Extension Unlv . ... V Libby-McNeil s’, 4V 4’, Lincoln Printing .. 1 7 , Lindsay Light .. 2 V Lion Oil Refining Cos 5 4’, 4’, London Packing . 14 Lvnch Corn 30 23 25 Ei-ld 15 UV 12V McCord Rad 'A' . . 10', McGraw Electric . ... . 41. McQuav-Norris , . 441. McWilliams Dredging Cos 15 13 13', Merchants A- Mfgs iA> . . IV Mlckclberry s Food Prod 5V 4 4 Middle West Utilities . 1, Middle Wes' Ut 6". p A . ! ! l’i Midland United i, JJlller ft Hart pfd 15 13’i 13V Monroe Chemical Nachmann Springfield ’ *l, National Leather . 2 P, pi National-Standard ... 21 20 20 National Union Radio ... ,1. Noblltt-Sparks Indu Inc 26 24 24 Northwest Bancorpor'n B’, 8 8 Northwest Engineering 5 No West Ulil 7% pfd.. .. ” 5 Ontario Mfg , 8 V 8 a Perfect Circle 23 V 23 V 21 v Pmes Wnierfront 3V 2 2^ Prima Cos 28 20 20 Process Corp Public Service N 38 ‘72V it P-ihlic Service f" r pfd 30 71 ? Railroad Shares .. p, n. ‘jr. Raytheon VT C . ... 2 V 2>i 2'i Re. lance Mfg Cos ' Seabord Utlfitle* Shares ' V ' V V Ser.rs Roebuck 33 31’! 1,: So Colo Power A 31 4 3 J , So W G A- Elec pfd! Standard Dred Cos pfd * ’ST Storkline Furniture . it. ' 3 , * Studebaker Mall . Super-Maid 'sl. ' , ,j* Swift A- Cos " 20V 18V 1 1 Swift Intcrnacionai . . 37 20V ’3 Thompson, j R io 3 9 9 5,A O v s* u n‘‘ Pfd 45 ' 43 43 Ltah Radio . is lu. ~ Utility A Ind .3 IV lv Utility A- Ind pfd ,5V 5 5 liking Pump, pfd . jgi. \ortex Cup Cos . g', 7V 7>i Jortex Cup Cos A . . . 2 ? Wahl ;• Walgreen Cos com 17*, 15’, 1.1: Ward. Montgomery A 75 69 69 Waukesha Motor 35 28 28 wiyn.e Pump, com IViboldt Stores . ii* Williams OH-O-Matic .... Wisconsin Banksnares 6V iV 6V Yates Maehnte ii? I Zenth Radio 2’, ’2V 2‘,

Produce Markets

Delivered in Indianapolis prices; Hens, -r a, 'ni s ,^ ds °>? r , 41 ■ lb * ' 15c: Leghorns <c. Broilers. Colored sor.ngers. Vi lbs up. 14c; springers <Leghorm. 1 1 ., lbs. up }lc: bareback*. 7c cocks and stags. 6c Leghorn cocks and Leghorn stags. sc. ducks, large white, full xeatnerao ar.d fat Vm s '. 4c ; ® a; ‘ colored. 3c, Geese, fu.l feathered and fat. 3c. Young guineas. 20c; old guineas. 15c. Eggs—No 1 fresh country run eees. I2c. Each full egg c # i * mus ’ 55 lbs gross: s deduction of 10c per ib for each lb. under 55 lbs t. ross . b * ntt> Butter--No. 1. 2829c’- !?• Butterfat— 21c. Quoted by the V. adlev Company. BY UNITED PRESS CHICAGO July 21.—Eggs—BCatket, weak prices J a c lower: receipts, lo 904 case* ext.-?, firsts. Il)s'<i 15c; firsts. 13‘,fcl4>ac current receip-s. Il ; anl2’,c. and rites 10c! Butter—Market, weak prices to lc lower receipts. 15.875 tubs, specials. 24'a 24--C. extrsv 23 ! ac: extra flrsts. 22 'A 23c. f.rsts. 21*t21*c; seconds, 20&20 l aC standard*. 23 ! ac Poultry—Marke l wak : receipt*. 45 trucks; fowls. 12c Leghorn broilers, lie; Leghorni. 9c, .lucks 7'<i9c r**k V. e: Vi rk r- V / roosters! broilers. 12 il< a c Cheese—Twins, is ■'o 14c. Longhorns. 14'*H14 ,e Potatoes—On track 320; arrivals 67: ahlpTjfJ'w. C marset about steady; kar.sas a..d Missouri sacxed Cobblers. 81 2i<s 2 50 Virginia barrel Cobblers. 15. ' CINCINNATI July 21.- Butter packing Iwered 1 * 0 No ,‘ 3 ‘ buttirV.t da* “'V. e- 2 . 1 ..' ??.** iOW * r '••• included' ** l , ra !t ’ L c seconds 12c r.earbv ungraded 14c Live poultry <following auo-'V.-P.v* r * B resent prices for poultry in good b **th v condition Thin and coarse stock se is omv at heavy discount-. Fowls. 5 lbs snd over. 11 1 ac: 4 lbs ind over li>jc 3 .bs and over. He leghorns 3 lbs and over. 8c: roosters 6c colored broilers. 1 <b and over 12c: It, lb. and over. 12c. 2 ibs. and over. 15c: colored fryers 3 lbs snd over 17c; leghorn broilers. 1 lb. and over lt>-c. 2 lbs. and over. 13c. partly I .eathered 8c; ducks under 3 ibs. sell at libera, corceaaioni: ducks, white. 4 lbs and over. sc. under 4 lbe.. 4c; colored. 4 ‘be i and over. 4c under 4 lbs.. 4c: apring duck* Phite. ,4 lb*, snd over. 8e: under 4 SB*. J guineas, oltt. sc; turkeys. No. 1. 10c; turkevs. No. 1. young toms over 15 Iltos.. 10c. No. l old. torn*- lQt-

SATUBDAT —7:30 P M NBC-K-7 Sdv Store to WEAP WON -720'—Wavne Kings, orchestra —7:45 P M CBS- Berrn's Saturday Revue. 1, WBBM '77o'—Hams' orchestra WGN 720 —Jan Garber s orchestra —*:<K) P. M NBC—Rolfe's Saturdav Night Dancing Partv to WEAF WON .720 —Lew.s White | and orchestra WSM 650'—Barn dance. -1:11 F M iYW 11020 —Globe Trotter i 2BS Isham Jones orches'ra WBBM .770 —Gerun s orchestra WON '720 Coles' orchestra. . NBC Sixteen Singers to WJZ , —n an p. M.— WBBM 770'—Jones' orchestra NBC—Cuckoos to WJZ. I —8:45 P. M CBS—Gertrude N:esen. WBBM ' 7701 —Ted Lewis and orchestra WGN '72o' Opportunity i Tunes —9 P. M KYW 11020 ■ —Glares’ orchestra , CBS—Jerry Freeman s orchestra NBC- Rudv Yailee s orchestra to WEAF WGN 1720> McCov's orchestra; Dream Ship NBC-Male Trio to WJZ. —9:15 P. M <DKA '9BO —Far North Mssnges. s’BC Jor.n Fogartv. tenor to WJZ WLS *B7OI Barn dance. —9:30 P. M tYW 1020j—Stein's orches--1 tra. I

5 OO—Gauchos 'CBS 5 30- -John Henrv CBS 5 45 -Chicago Varieties (CBS'. 6 OO Hale Mac Keen 6 15 John Henrv (CBS 630 Philadelphia summer concert (CBS 8 30—Rvthm Rhapsodv (CBS' 9.oo—Guv Lotr.basdo and Roval Canadians 1 CBS' 9:30 Jerrv Freeman orchestra 'CBS'. 10 00-Isham Jones orchestra >CBB . 10 30- Ted Lewis orchestra 'CBS 11:00—Around the Town from Chicago CBS' 12 00 M:d.—Sign off. WKBF (H 00) Indianapolis(lndianaoolls Broadcasting. Inc.) SATURDAY P M 4 OO- - Tea Time Tunes 4 45—To be announced. 5:00- Dinner Melodies. 5 30- -Mirth Parade s:4s—Masters Music Room. 6 00—Knothole Gang. 6 15— Dinner dances 6 30—Cecil and Sailv. 6 45 The Sportslight. 7 00- Devore Sisters. 7:ls—Mirth Parade 7:3o—Evening Moods. 8 OO- Dick Harold. 8 15- Bill Warren. 8 30—Trio 8 45—Charles Frederick Llndsley iE T.J. 9.00 Marvel Mvers 9 15—Dance orchestra 9 30—Short. Short Stories 9 45 Masters Music Room 10 00—Oordon Carper's orchestra. 10:30—WKBF barn dance 11 30—Sign off. SUNDAY A M 9:30-Dance orchestra 9 45- Master music room. 10.00— Watchtower program. 10:15—Classical gems 10 30—Crvstal melodies. 11 30—Harrv Bason 12 00 Noon—Dessa Bvrd s organ recital. P M 12:30 Indianapolis vs. Toledo baseball game. 3 00—Matinee musical. 3 30 Cadle Tabernacle 4:45- Nazarine male Quartet. s:oo—Starost Sisters 5 15—Conte ensemble. 5 45 Marshall olavers. 6.oo—Concert hour. 6 45—Dick Harold 7 00-Mirth parade. 7:15 Masters music room 7 30—Moods of the moment. 7 45—Orchestra 8 00--Cadle Tabernacle 9 30 Connie's orchestra 10 oO—Oordon Carper s orchestra. 10:30— Sign off. WLW (700) Cincinnati SATURDAY P M. 4 OO—Viennese ensemble (NBC). 4 30—Joe Emerson, baritone. 4 45—Walkathon orchestra 5:00- Park Centra! orchestra (NBC'. 5 30—Bob Newhall s:4s—Gene Burchcll's dance orchestra ■ NBC'. 6 15—Tony Cabooch 6 30—Castle Farm orches'ra B.4s—Dr J. Holberl Bvram and Lloyd Shaffer dance orchestra 7:OO—R F. D. hour 7 30—Croslev Follies 8 00—Saturdav Night dancing party. 9 00—Castle Farm orchestra 9 15--Over the Rhine 9 30—Chester Park dance orchestra. 10:00—Rhythm Club. 10 30- Conev Island orchestra 11:00—Golden Pheasant, orchestra 'NBC'. 11 30—Lotus Gardens orchestra 'NBC'. 12.00 Midnight—Castle Farm orchestra. A. M 12 30—Walkathon orchestra. 1 00— Club C'rosley 2 00—Sign off. , SUNDAY A Si 7 o(j —Children hour 'NBC 8 00 -Church Fcrum. 8 30—Alfredos Blue Ai White marimba band 'NBCi. 9:oo—Morning Musicale 'NBC' 10 00—Organ. Arthur Chandler Jr. 10 15—Radio Cttv concert 'NBC'. 11 15- Threesome and organ 11 30—Folks from Dixie 'NBC'. 12 noon—Summer Idyll (NBC*. P. M 12:15—Int'l Radio Forum NBC'. 12 30 -Dramatization 'NBC I I:oo—Wavne Kings orchestra 'NBC). 1 30—Theater of the Air. 2 00—College of Music recital. 2 15 -Svmphonette 'NBC>. 2 :o Temple of Song 'NBC'. 3.00-J. Alfred Schehl. organist. 3 30—Clvde Doerr's saxophone octet 'NBC'. 3 45—Trio Romantioue 'NBCi. 4 00- Hvmn Sing 4 30—L'Heure Exqulse 'NBC I . 4 45—Baseball scores. 4 SO- Charioteers. 5 00—Borrah Minnevitch and his Hormonica Rascals 'NBC'. 5 15—Gene Burehell's dance orchestra 5 30—Russian svmphomc choir (NBC 6 00—Bert Lahr A Rubinoff s orchestra 1 NBC-Red'. 7 00—Arthur Br.sbane Revellers ouartet and A1 Goodman's orchestra 'NBC'. 7 30—Svmphonlc Jazz orchestra 8 OO- Gene Burehell’s dance orchestra 8 15—Vincent Lopez and hi* orchestra NBC'. 8 45—Cattle Fsrm dance orchestra. 9 15— Flovd Gibbons 'NBCi. . 9 30—Conev Island orchestra 10 oO—Dance Nocturne orchestra in 30—Charl! Kerr * orchestra 'NBC'. 11 00—Lotus Gardens orchestra (NBC 1! 30—Golder. Pheasant orchestra iNBC>. 12 mid.—Castle Farm orchestra. A M 12 30—Sign off The escape of the German tea raiders from a South American port, following information given to them by a German intelligence agent who po*ed as a beach comber 11 the theme of th K-7 broadcast Saturdav over WTAM and an NBC network at 7 30 p m

—9 30 r M JBS—Charles Davis’ orchestra. WGN 720 —Sheasbv s or--1 chestra. NBC Stern s orchestra to WEAF NBC—Witching hour to WJZ —• r. M WON 720 —Agnea * orchestra. —lt) P. M IBS- Ripp i orchestra VBC--Dream Singr. Hotel ftierre orchestra to WEAF NBC- Fisher s orchestra to j WJZ —lO 80 P. M.— <MOX 11990 Dance Music ' JB—Gus Amheim s orchestra. NBC— Lake George orchestra to WEAF WGN 1720 Gentrys orchestra. McCoy > 'rcheatm, NBC-Child s orchestra to J WJZ. —tn 45 P M tYW 11020'—Irwin s orchestra. —II P. M KYW (10201—Canton orchestra WBBM (770' —Around the Town. WENR >B7o' —Barn dance. —11:30 P. M KYW 11020> —Lopez orches- | tra. —11:43 P. M.— KYW 11020'—Stein's orches- ; tra. —l* P. M WENR 'B7O i— Rogers orchestra. WGN '72o'—Gentry's ovches tra. —IS:SO A. M ■WENR 870>—Weems orl chestra.

FENNER, BEANE & UNGERLEIDER Mtmotn: NEW YORK STOCK EXCHANGE mnd other leading Exchanges Announce the appointment of russell w. mcdermott as a Special Representative in the State of Indiana HEADQUARTERS 1310-12 Circle Tower Building—lndianapolis Telephone Riley PPS 2.

PAGE 9

WINNIPEG RYE FUTURES DROP 1 14 TOIB CENTS Wheat Options Hold Steady on Canadian Grain Exchange. Ry United pros WINNIPEG, Man. July 22—A sensational decline in rye futures marked trading on the Winnipeg Grain Exchange Friday with wheat closing practically rnchanpad. A* the close rye futures had dropped 14' to 18S cents a bushel. The market was strongly under the influence of the sensational decline on American exchanges which forced the closing of all gram pits in that country today. Only government support and favorable crop rejiorts kept wheat from following rye in another tremendous crash. Flax plunged 24 to 28 cents a bushel at the close Barley, however, closed as much at 2 cents higher. Brewers Aid Barley Barley was able to resist ths downward rush, due to demands for th® gram by brewing interests. Grain analysts saw in the actio*) of the Winnipeg market today a rush of American speculators to carry out committments which they were unable to complete, due to th<3 clasing of the American exchanges. They believed this especially to be true In the case of rye. which has been restricted to an 8-cent swing on th® Chicago Board of Trade. The heavy speculation in rye on American markets was halted by general closing of tradinj markets. Wheat Meets Support Many speculators ere believed to ha'-e taken advantage of the Winnipeg exchange to unload. Wheat as supported throughout the market by government purchases. Th® government as a heavy buyer of October wheat At. the clase July rye sold at 55’j cents a bushel. July wheat at 78‘s, off an eighth December w’as up slightly at 82 1 -and May was off a cent at. 86’. October flax was at $1 38 a bushel, off 27 cents. May flax showed considerable strength. Cash Grain Strong Rv I'nitrtl Prrm CHICAGO. July 22 —Cash gram prices showed strength on the Baird of Trade Friday, despite the fact that all American futures markets were elosed. Good miller buying advanced wheat 1 to 5 cents while corn was 1 to 3 cents higher and oats unchanged to 1 cent higher with rye and barley unehanged. No. 1 red wheat sold at 90 to 89>4 rents for the first time in several sessions. Corn was 49 to 50 cent* for two mixed and oats 32 to 30 cents for No. 2 white Shipping sales were 10.000 bushels of corn and 18,000 bushels of oats with 5,000 bushels of wheat booked by the country and 37.000 bushels of corn. The latter was the smalle-n in several weeks Receipts were 173 cars of wheat. 430 rorn apd 50 oats. Chicago Primary Receipts —July 20— List 1 . To/lsv Week > )J heat 1.901.000 1 294 008 1 999 000 1 620 009 ° at * 803.000 563.009 CHICAGO CASH GRAIN Rli T'nflril Pm* r * !<h *r*ln floss: hpa, r “ No „ 1 rod 89'r R9 l .(■ No 2 rsd. 2S , Ss' sC ;.. No 1 hard *9ft 92r: No 2 hard! 89ft 90c: No. 2 dark hard BPr *j o 1 vrll .V h 2 r<l 'zc No 2 mixed 88' ,c Coro -No 2 mixed 49 j 50c No 4 mixed. 4flr; No 1 yellow Sir No 2 vellow. 48ft 51c. No. 3 yellow. 471/48c No 6 vellow 42 -/ 45rN°. 2 white 49'./ Sir. xamnlr srnde 30<r 4Sr Oat*. No. 2 white 32ft33r; No 3 Vhlte. 31st 33r No 2 feed 30r R v e No 2 69r Bariev 58ft75e Timothv. $4 • 4 25. Clover 58ft 12. INDIANAPOLIS WAGON WIIF AT Cttv eratn elevators are pavine 75 rent* for No 2 soft red wheat. Other cradr* on their merits.

Centliv.re Brewing Corporation Fort Wayne, Indiana m Class A Common Stock ■ Listed on Chicago Board of Trade Orders Executed at the Market ■ Descriptive circular o>i request ZAISER & ZAISER INCORPORATED 129 East Market Street Indianapnliit Telephone LI 0375