Indianapolis Times, Volume 45, Number 76, Indianapolis, Marion County, 8 August 1933 — Page 11
AUG. 8. 1933-
.Wall Street—
Exchange Likely to Increase Guards After Yesterday’! Scare: Sterling Acts Strangely. By RALPH Ttm** Financial Writ*
The necessity for closing the New York Stork Exchange at noon Friday because of tear gas fumes indicates that the institution and its members were being guarded rather carelessly. Fortunately no one was senoulsy harmed, but it can be easily imagined what would have happened had the gas been of the poisoned kind used during 'he World war. Hundreds of people are congregated on the floor of the Exchange every dav They are probably the wealthiest and most prominent gathering of men in any one spot in the country. And, as a group, they probably are hated as much as or more than any other body. No one, of course, is permitted on the floor of the Exchange except members, their clerks and the Exchange attendants. Others, however. are permitted in the gallery which overlooks the floor, provided they are properly sponsored Guards question all who enter the Exchange, but they aie not so very strict about entry to floors other than
that upon which trading is done. The placing of the bombs in the ventilating system Friday, therefore, migh' have been done bv some outsider, although the general belief is that such was not the case. In all probability the number of guards will be increased in the future and they ar n iikely to be much more watchful than they have been heretofore If such is ihe case the occurrence Friday may serve to avoid the possibility of a catastrophe at some other time. a a a Sterling's Performance The action of sterling in the foreign exchange markets last week was rather peculiar On several occasions it was lower during the time of trading in liOndon. only to rally again as soon as the market switched bark to the western hemisphere. This migh' suggest a contest, between Great Britain and this country to depress their respective currencies, or it might be that the speculators find it easier to
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manipulate prices when operations with Britain's equalization fund has ceased for the day .So far as is generally known, this country lias no official interest in foreign exchange operations. At any rate, it has set aside no fund with which to manipulate the market, as has England. It is possible, though, that some group has been designated to look after the interests of this country. a a a a a a Suggest British Operations It has been suggested that Britain's operators may depress sterling in London and rally It in New York lor the express purpose of keeping the market in a turmoil There would seem to be little advantage in sueh a performance though, for Great Britain would suffer as much as the United States from the adverse influence of such fluctuations on trade. The so-called gold-bloc rountries. however, might stand to profit by wide variations in the price. In addition to the trade influence the tendency on the part of international traders might be to switch from sterling and dollars to francs as the medium of exchange through which to finance their transactions. In that event, too, French bankers might get the banking business involved instead of those in New York or London.
New York Stocks " *Bv Abbott. Hoppln A Cos l
- Aug. * • Hl* 10 10 Prv. High. Love. EDI. close Amerada ... . . 31 % All Hfe 23 1 j 22'. Barnsdal! 7% 7% 7% 7% Consol Oil g"% o’, jo-, 10% Com of Del 13', 13' , Houston meat. 4 3 4% Houston 'old> . . . . .. 23% Mid Com Pet . 10’, 11', Ohio Oi’ 11', 11 11 11 Pet Corn .. . 9 % Phillips pet 12’, 12'2 12*4 12'.Pure Oil .. . . . 8% Sbd Oil 22'. Shell Union . ... T' 7', So- Vac . li’, U', IP, 11', S O oi Cal 34’, 34% 34', 31% S O of Kan 10 S <> ! N .1 3'. 31-, 34',- 34', Sun Oil . ... 43 Texas Corn 21 21’, Tidewater Assn 7’, 7’, Un 0.1 of Cal 18’. 18 ', Steel. — Ain Hull Mills . 20’. 20'. 20’, 20‘, Beth Steel . 39'. 38’, 39’. 38% B'ers A M . 29 , Col Fuel a- Iron '% ft Sftk a Inland S’eei ... ... 32 Nall Steel 39% Ken Iron A- Steel 16', 17% It.;> I' A- Sll nfd 36’, It S Smelt '•>■2 73 7ft% 74 Vanadium 23% 23 Midland 1* U 8 Pipe A- Fdv .. . Ift'. U S Steel ft3 S2' 52% 51% U S Steel nfd - ft’. S YoungMn SAT.. ... 24’. Ra'U— Atchison .. s 6' 56 . BA- O 26% 26% 26 , 26’. Can Par Ift . Ift . 15% 15% Ch A- Ohio 13% 43% Chi A- fit W. . ft C M A- St r 8% 8% 8% R% CMA- St P pld 13% 13% !J% 13 Chi N W 10% I<* Chi R I.*l _s% Erie 22 Ort Northern . _ ;}% 111 Central 38’. 38 38’. 3i% MKA T . 12 11% 12 11% Mo Par 6% . Mo Par nfd 9 *' N Y Cent 42% 41% <2 41% N Y Chi A St l. 25 N Y C A- St I, P 2.% N Y New Haven ■ N Y Ont A* Wes . . . . 11 Norfolk A- Wes .I*l Nor Par 24% 23’, 24%. 24 . Penn R R 34% 33% 34 33% Sou Tar 26% 26 26% 25% Sou R R 35% 31% 25% 24', Union Par 114% 115 Wabash 4% \V Maryland ■ 11% 11% Motor. — Auburn . . ft*% * Chrvsier 34% St% 34 . 33 , lien Motors 29% 28' 29 28 . Oraham Mot .... . 3. Hudson ' n % 1® * Hupp 5 Nash 19% 18% Tarkard . .4’. 4', 4’. 4', Reo *% Studebaker ;% ’ ’ Ye1!o Truck 5 5 Motor Acre..— Bendix I' * 1 Bonn Alum ... • • • * Bor* Warner <? Bri**s 51 * S, Budd Wheel .... ••• ,2,* Elec Auto late. . 17% 1< 1.% 1* Houd Hershev ... J. Mullins Mf* • J,a Murray Bodv . " S'ew Warner ■ ■> Timken Rol ••• 2ft 2ft-, .... 2*% 24% 24% 23% Anarrmda - 16'. >% 8s % Cerr*" r?*Pa*co 32% il% 3s%* *O% Oran hr )"* ot Nor Ore .. > • Homestake Min . . 232 2.a Ins Copper ■ ,2.* Int Nirke. . 18 , }■ • }* * Kennerott Cop 19 j 19 . 19 j 1 Norand* Cop • • , ?2 •*.* Phelps l>odgr Ift 14 * Ift 14% Tobacco, - Am Toh *A> ■■ J’,Am Toh B ... *• ••% Oen Cigar ... J* ; Li* At Mi ers B ... ••• '2, lonliArd 21 • •* 2 Re, voids T B. 48% 48% 48% 48 Equipment* — Allis Chalmers 1* Am Car A Fdv 24 2ft Am Mach A- Pdy JJ. 2 Am S’eel Fdv. 18 17% 18 J.% Bald ... Burroughs . I’,. Case J I ..... 66', 66% 66', 66’, Ca’er Tract 19% 19% 19', 19% Colgat Palm Pret . . . . ... 16 Congoleum 20 Elec Stor Bat 40', Foster Wheeler . . 15% Gen Am Tk Car 34% Oen Elec 22', 22% 22% 22% Ingsot Rand 50% 57 int Har\ .... 33’, 33% Kel' ir.ator 10 Nat! Cash Re* ... 17 17 Proc At Gamble ... . . 38% Pullman Inc 46 Simmons Bed 23 West Air B 25% 24 s , Westingh Flee 40', 40% 40% 39% Worthington pm 23% I ttlities— Am * For Par 11% IP* Am Pwr ft Lit 12', 11’, ’.2% 11% A T A- T 123% 123 , 123', 123 s , Am Wgt Wks 27 Col Gas A- Elec 19% 19% 19% 19 Col G A- E pfd . 75’, Com At Sou . . . 3% 3% 3% 3% Consol Gas 44', 49% 9% 49 Eler Parr A- Lit. 4 B', 9 8% Int TAt T 14% 14'. 14% Lou O ft F A 19', Nat Par A Lit . '5 15 North Auer 24% 24% 24% 24 Par OA- E 26 2ft', 26 25% Pub Serv N J 44 43% 44 44% So Cal Edison 22 Std Gas 13% 13% 13’, 13 s , Std Gas pfd . ; - . United Corp 9 , 9 9% 9% Un Gas Imp .. 19', 19% rt Parr A Lit A 4% 4’, 4'. 4’, Western Union . 60’, 59 60 58% Rubbers — Firestone . . . 23 ; 22% 23% 22'. Goodrich 14', 14’, It’, 14% Ooodvear .. . 3", 35% 2',, 35., U S Rubber 17% 17'. 17’- 17% U S Rub pfd 29 29 Ke'. Spring 4 Gimbel Bros ~ 4% Hahn Dept Sts s', 5% ft’. S', Vre.ee S .ll*, 11% ’!% 11 Kroger G?oc .. 26', 25% Mgcv R H 51 Mav Dept Bt 25 . Mon' Ward... 21% 21 s , 20*, Penny J C 40 Safea-aj Bt 50 50% Sears Roebuck . .. . . 35% 35% Woo worth 41 Artatian— Aviaglon Coro . 10% 10% 10% 10’, Douglaaa Air 14 13% 14 13% Curtiss Wright 3% 3% 3% 3% Curtlaa Wright A . .. *, 6% Nor Am Av .. 5% 5% 5% 5% United AUUk.lt. 12 V 12% 12% 11%
Chemleals— Air Kedurtton a t K> . Allied Chem 118 il7 118 118 Ail Com Alcohol 47 46 47 Col Carbon to Com Solvents 33', 33 33’. 32', 71 70\ 71 70>1 Freeport Te\ i,, 4 Liquid Carb *-ii * Math Alkali . .. /! aT’ Tex Gulf Sulph. :. • * 34* Union Carbide 41 K.f fPIT Alroh 63 ’* 63 63’, 62 Nat Diwfl. 88', 86', 88', 86'i Amu.emenls— Croslev Radio.. .. 9 i. Radio Coro .... V RKO 2’, 2’, 3’, 2’! Warner Bros .. 7', 6’, 7', 6’, Foods— Am Sugar .. . .56 55', 56 55 Armour A s’, 51, ss, 51 Borden Prod ... ... 3132 Cal Packing 25', ">sl, Canad Drv O Ale 30 29‘, 29’, 29‘, Coca Cola . 941, Corn Prod 80’, 80', 80’, 80', Crm of Wheat . . 3130 Gnc Foods .. . 15’, 15', 15’, 35 Gold Dust ... 20’, G W Sugar. 32', 31 32'. 30', Hcrshev ... ... jg Loose Wiles ... 35 Natl Biscuit ... 53’, 53 Natl D Prod 19’, 19', pel Milk 11 Purtt" Bak 18', 18', 18', 18', S Porto Rico Sug 37', 37 S'd Brands 26’, 26', 26’, 26 United Fruit ... .. 56 Wrtglev 49 Itrtail Stores— Be-t A- Cos 24 Drug,— Cotv Inc ... ... S Drue Inc 47 46’, 46’, 46 tambert 31', Zonite Prod . .. .. ... s', Finanrial— Adams Exp .. B’, B’, B’, 9 Allegheny Corp . 5 4’, Chesa Corp 41', 41 Transamerica ... ... 7 7 Tr Conti Corp 6 6*, Building— Am Radiator .... . ... 14', Gen Asphalt 18 17’, 18 17', Tnt Cement . .. . . 31 Johns Manvillc 44’* 4444’, 43', I ibbv Owens O. 26 25 T ANARUS 26 25', Otis Kiev 17’, 17', 17’, 16^, Ulen Const 4 3’, Miscellaneous— Amer Can 84 84*, Anchor Cat) 24', Brklvn Man Tr . .. ... ... 31', Conti Can . fint j Eastman Kodak . 74 Owens 80-tie .78', 78 78', 78 Gillette . 131, Glidden 14 Gotham Stlk 10’, 10', 10’, 10’, Indus Ravon 64 63 64 62’, Inter Rapid Tr 6 : .
Investment Trust Shares
> Bv Abbott. Hoppin & Cos 1 Bid Ask American Bank Sotcks Corp .1 20 133 Amer A- Genera! S-r >A 550 650 Basic Industry Shares 323 330 British Type Inv Tr Sh 72 .80 Collateral Trustee Shares >A 4 37 4 75 Corporate Trust Shares /o!d> 212 2.18 Corporate Trust Shares (new/. 2 2.6 2 29 Cumulative Trus> Shares . .3 90 396 Diversified Trust Shares >A> .. 600 Diversified Tr Shares >B> 762 Diversified Trust Sh ,C> . 305 310 Dv ersified Truj/t Shares >D- 495 510 First Insurance^Stock Corp 166 184 Firs’ Common S-ock Corp ..1 11 122 Fixed Trust Oil Shares ,\> 835 F:\ed Trust Oil Shares >B> . 735 Fundamental Tr Shares Ai 408 415 Fundamental Tr Shares tB 393 400 Investor* Inc 17 25 17 62 Low Priced Shares 588 593 Ma,s Inves Trus- Shares. 18 12 19 90 Nation Wide Securities 340 350 No Amer Tr Shares ,1953 1 77 No Amer Tr Shares 55- ,S6> 236 240 Pe-roleum Tr Shares ,A> 11 00 14 00 >e.erted Amer Shares 2 63 Selected Cumulative Shares 679 719 Sc cried Income Shares 350 360 std Amer Trust Shates 297 305 Super Amer Tr Sh >A> 292 Trust Shares of America... .2 92 305 Trustee Std Oil >A> 470 485 Trustee S-d Ot! B 425 440 L S Electric Light A- Pwr 'A'.14.50 15 00 1 ni versa! Trust Shares 280 290
In the Cotton Markets
—Aug. 7 CHICAGO , High Low Close January . 10 so 103s in 37 M rch 10 70 10 52 10 56 ®J T 10 87 10 87 10 67 October in jg in n mOB December Id 50 10 28 10 30 NEW YORK January in 51 10 27 in 28 March .. in 60 in 41 10 59 Mar ... in 85 JO 53 10 5. July 10 90 10 77 10 77 Ocrobor ... .. 10 25 999 10 00 December . in 47 in 20 10 23 NEW ORIEANS Jgnusry . 10 4! 10 20 10 25 March 10 56 loss in 38 May 10 77 10 57 10 57 Julv 10 75 in 72 10 72 October 10 17 9 92 9 97 December 10 40 10 13 10 19 CHICAGO I RUT MSRKET RY I SITED rßrss CHICAGO Aus 8 Fruit and vece•ables Apple- Michigan and Duchess, bushel. 7S<- .3! nimots Wealthier bushel. 51 25 Blueberries Michigan 52<,3 Can•elounes Indiana 40., T< flat. 25-4oc. H:ne. 50'.i0c M. higan 50cvi$125 Carre'- Illinois 1 ■ 2"; c Lettuce Wester"- 54'*1 425 Illinois 15025 - Spinach Illinois 75 :85c: boxes. 30m 40c Cucumbers Illinois 25.1-oc Michigan. 6n<, 85c Besns Illinois and Michigan 75c "ill 25 Corn Illinois 40 u 50c Peaches Illinois, bushe: 324,2 50 Indiana bushel, 32-12 10 Pear- Michigan, bushel. 31 404, 180 Beets Illinois l's*i 2 1 sc Cabbage Illinois 81 65 02 25 Celery Michigan 354,65 c Propers Illinois. sl. Eggplant —lllinois. 5125 .150 Endive- Illinois. 254, 40c On-or. market: California, seiiows bushel, 31 104,1 15 mhite- bushel 3! 65 ,1 75. Illinois. vellows bushel 80s, 90c sshltes bu*he: 31 30 >. I 40. lowa, yellows, bushel. 804,90 c NEW YORK RAW SIT. AR FUTURES Aug 7 . High. Low Close January 151 150 LSI March . I 58 May 1 62 1.61 1 61 Julv 1 86 1 85 1 66 September 1 46 1 43 1 44 December i.SI 1.4# 1.5 C ; 1
PORKERS HOLD GOOD UPSWING AT CITY YARDS Choice Steers Steady at Recent Levels: Sheep Unchanged. Hogs staged a good upturn at the Union stockyards this morning, prices ranging 15 to 20 cents higher than Monday's average for weights of 160 pounds and above. Underweights were a dime above the previous range. The bulk of sales. 160 to 250 pounds, were made at $4 45 to $460, some held up to $4.65. Weights of 250 to 325 pounds brought $4 20 to $4 45; 140 to 160 pounds. 53.75 $4; 100 to 140 pounds, $2 60 to $3.50. Packing sows sold for $3.25 to $3.65. Receipts were estimated at 5,000. Holdovers were 293. Choice steers were steady at the week's decline in the cattle market. A few loads sold at $6 50 to $7. Good heifers made the market up to $5 90. Action w s limited on all other classes with bidding unevenly lower. Some buyers were not interested in the market. Receipts were 1.500. Vealers were steady at $6 down. Calves receipts were 600. Sheep were steady, ewe and wether lambs bringing $7 to $7.50. Strictly choice kinds sold for 57.75. Bucks brought a dollar less. Culls and throwouts were to be had in a range of $3 to $3.50. Receipts were 1.500. Action was slow on hogs at Chicago with a few bids about steady with Monday's uneven average; lower than the best time and higher than the close. Good to choice 200 to 260-pounders w;ere bid in at $4.30 to $4.35. Receipts were 15.000. including 5.000 direct. Holdovers were 6.000. Cattle receipts were 6.000; calves, 2.000; market steady. Sheep were strong with 7,000 new arrivals.
HOGS Aug. Bulk. Top. Receipts. I 1 *4.554/ 4 6ft $4 70 7 000 2 4 5541 4 65 4 65 5 500 3. 4,454/ 4 55 4 60 7 000 4. 4 45 vi 455 4 80 7,000 5. 4 50u 455 455 1.500 .. 4 40'U 4 45 4 50 7 000 8. 4.55 'n 460 4 65 5.000 Market, hieher. 'l4O-160' Good and choice. 5 3.75 54 00 Light Weights—-'l6o-180' Good and choice... 455 'IBO-200' Good and choic- 4 55 —Medium Weights—-'2oo-220' Good and choice 4 60 >220-250' Good and choice 4.554/ 460 - Heavy Weights—-'2so-290' Good and choice... 4 354/ 445 '290-350' Good and choice 4.10 rd 43' —Packing Sows—'3so down' Good 3 404/ 365 '350 UP' Good . 3 26'u 350 'AH weights' medium 300 </ 340 - -Slaughter Pigs—- ' 100-130' Good and choice ... 2.604? 310 CATTLE Receipts. 1.300: market, steads. ! (1 050-I.loo' Good and choice $ 5 Common and medium 4 25% 5.75 (1,100-1.5001-Good and choice 5.754? 7 25 Common and medium 4 50% 550 —Heifers—--15.ft0-7.fto> Good and choic- 5 00% 6.00 Common and medium 3.254/ 500 '750-900' Good and choice 4 504/ 6 00 Common and medium 3 00 % 4.50 —Cows— Good 3.254? 4 00 Common and medium 2 504; 3 25 Low cutter and medium 1 504i 2 50 - Bui’s ivearlingft excluded' Good 'beef' 3 00% 350 Cutter, common and medium.. 2.004(, 3.00 ft EAI.ERS Receipt,. 600: market, steady. Good and choice % 5 504/ 600 Medium 4 00v 1 550 Cull and common 3.504, 4.00 s<2so-5001 Good and choice 4 00% 500 Common and medium 200 and 400 Feeder and Sleeker Cattlr - <SOO-800' Good and choice 4 504?5.75 Common and medium 3 004/ 4 50 'BOO-1.500' Good and choice 4.50% 5.75 Common and medium 3 00% 4.50 SHEEP AND I AMBS Receipts. 1,300; market, steady. Lambs. Shorn Basis—'9o lbs down' Good and choice.s6,so4/ 7.75 *9O lbs. downi com. and med. 3.00'u 600 —Ewes— Good and choice 2.004/ 3.00 Common and medium 1.004/ 2.00 Other Livestock BY UNITED PRESS PITTSBURGH. Aug B.—Cattle Receipts 15 market steady. Hoes -Receipts. 000. market steady to love:. prime heavies. 240-300 lbs. $4 50 / 4.60; heavy mixed. 210340 lbs. *4.754/4.90. mediums. 180-210 lbs. 14 90/5; heaw Yorkers $4 2ft4i 4 SC: ltgh* ft'orkers. 120-145 lbs $3 754( 4; p'gs 90-115 lbs . *34/3.50: roughs. 53.254/3 50. Sheep and lambs Receipts. 1,800. market, steady; lambs, good to choice 90 lbs., down, *B4; 8 2ft. medium 90 lbs. down $3 15; medium 91 lbs up Jft .50 '/ 6 50; sheep, wethers, prime. *2 50113; fair to good *1.754/2 25. ewes, medium to choice. Sl'.rl Calves— Receipts. 100: market, steady; vealers. good. *s.sofi 6: medium. *4.504/5; heavy and thin $2,504/3.50. CLEVELAND. Aug. 8 Catllr Receipts. 150. steady with Monday's prices, all sold early and closing auiet: choice steers at *6.504/7.25; good heifers. *5.504/6.25; cows and bulls, unchanged Calves Receipts. 300, market, active and strong with prime stock as high as SB. supply good at this price, choice to prime. s7'/8: fair to good. $5 ■/6 Sheep Receipts. 600. market, fairly active with ail grades lik-lv to be sold: prices steady with Monday s closing; choice wethers. *2 50'./3.25; choice spring lambs $7 r g Hogs Receipts. 800; market, stead' to 10c higher: active and near!' all sold: heavies *4 754/4.85; choice porkers. 150180 lbs.. $4,504/ 4 75; thin and common hogs. 100 lbs. ud. $4 50. EAST BUFFALO. Aug B.—Hogs—On sale. 1.200; lightweights active, steady; heavier weights, slow weak to 10c lower; bulk 170220 Is.. $4 75 * 4 35. 220 lbs up. S4 75 downward Ibb los . $4 50: packing sows. $3 25 /3 75 Calile Receipts. 275; slow, outlet verv narrow bidding weak: few fair •o medium, butcher grades *44/5.25. cows. (34/3.54: bulls (2 504/3.25. Calves Receipts. 100; active, steady, good to choice. $6 50. mostly S7. medium. $64/6.50: culls and common. *44/5.50. Sheep Receipts. 200 active, steady, top rws and wethers. *7 75’/8. medium and fat bucks. 56.507; culls down from *5 50: good to choice, *1.50 ,/2 50 EAST ST LOUIS 111. Aug. 8 Hogs— Receipts, 11 000 market 5 .■ 10c lower, mgs and sows lower, top. $4 40 bulk 170-240 lbs , *4 30 /4 35. a few 240-270 ibs . S4 2ft 14 30. 140-160 lbs S3 50 ./4.15: 100-130 ibs *2 504/ 3 25. SOWS mat llv. $3 104/3 25. Catty Receipts. 4.ft00. calves. 2.000. market trading slow market not established on steers, cows and most heifers: a few light heifer* s’eadv to ettv butchers otherwise lower undertone orr heifers, sausage bulls were steady with too kinds. $2 Bft vealers. ftOe higher with top 56.25. onr load ligh l heifers $$ receipts include 27 cars: estern cattle, mostly steers. Slaughter steers 550-1 1-0 lbs good and choice (ft 50'./ 7 common and medium $3 2ft .ft 50. 1 104-1.500 lbs . choice *6 50 / 7 good. Sft 504/ 650 medium $4 25 ,5 50 Sheep Receipts 3 000 marke’ fat lambs, .roenrd 25-50 c higher; o’her c'asses steady; bulk lambs to packers. *7 25 <2 7 50: some held higher buck lambs $1 less, common throw-oil’s. S'l 50 fa' ewes $1 2ft4i2 $0 mostly lambs 90 lbs. down good and choice. $6 754/ 77$ common and med.urn *3.50'/ 6 7ft lambs 90 ;tv down, good and choice. $6 75i/ 7 7ft common and medium $3 504/ 6.75. yearling wethers .-C-110 lbs . good and choice $4 •ft ewr*. 90-150 lbs givid and choice *l5O ' 2 7ft all weights common and medium. *1 2 LAFAYETTE Aug 8 Hogs Market. 5 / 20c higher 200-250 lbs. *4 40 14 45 250300 ibs *4 20 .1 430 390-325 lbs . $3 90: 170200 lbs *4 3ft 140-170 lbs. *3 ftOft/ 375 100-140 ibs $2 2ft-'/ 3 2ft roughs $3 down, top calves $5. top lambs. *8 50. fiu Tim. , Special LOUISVILLE. Aug B—Cattle - Receipts. lftO. mostly steady, ou’.k better grass steers and heifer* *4 25 " 4 75; p.ain kinds oown to *3 or less better finished fed offerings eligible. *ft'</6 bulk beef cows. *2 25'./ 2.5. low cutters and cutter*. *1 254/2: bull*. *3 down; native stockcrs salable mostly $4 down Calve*—Receipts 250. steads, bulk better grades. *4'-/I 50 strictly choice handyweights. $5; medium and lower grade*. *3 ftO down. Hogs Receipts 1.000, weights from 185 lbs down. 25c higher others 10c up ISS-250 ibs . *4 65 250 lb* up. $4 20 140-18"' lbs.. *3 80 140 lbs down *2 10. sows. *2 90; *tags *lB5 Sheep -Receipts. 1.000 % .ibs mostlv 25c higher, bulk befr truck iambs. 7 2ft'/7ftO. choice eligible *7 75 or better bucks. *8.154/ 6. .5; mostly immature light lambs.. S3'.. 4 50: fat ewes. *l4/2 bulk better stock ewes. **/7.50 a head Receipts Monday—Cattle. 348: calves. 604. hogs. 1 302. sheep. 3.250. Shipments Monday—Cattle, 60. calves. 350. aogs 283. sheep. 1.989.
THE INDIANAPOLIS TIMES
INDIANA STOCKS AND BONDS
Th* following quotations do not represent at:u; bids or offerings. but merely indicate the approximate marks- level based on busing and selling Inquiries or recent transactions —Aug. 7. Bid Ask Belt Rail * S-ock Yard*, com 2* Jfl Cen- Ind Par pfd 7*> 11 I* Cer.- Ind Pwr pfd 7"? 30 13 Citizens Oas com It 1> Citizens Oas Cos ptd S'* S3 67 Citizens Oas com it 1* Citizens Gas Cos ptd S'", S3 S7 Home T * TF- Wavne pfd 7' 3S to Ind * Mich Ei'C Cos pfd 7-, 70 7t Ind Gen Service Cos ptd 60 65 69 Ind Hydro Elec Cos 7 V 25 29 Indpls Gas Cos com to tt Indp's Pwr ti Lt pfd 60 61 65 Ir.dpls Pwr At Lt pfd 6',". 65 69 No Ind Pub Ser- Cos pfd 6 • 3t 36 No Ind Pub Ser Cos pfd s‘,'. 33 37 No Ind Pub Serv Cos pfd V> 37 tl Indpls Water Cos pfd 5% 89 93 Ind Pub Serv Cos 6- 35', 39', Public Serv Cos of Ind Dfd 6-i- lt 17 Public Serv Cos of Ind pfd 7'V 36 40 South Ind Gas A El pfd 6', 58 62 Terre Haute Elec pfd 6-~- . .. 34 38 BONDS Belt R R A Stkvds 4s 1939 . 88 92 Citizens Gav Cos 5s 1942 84 68 Home T & W s',s 1955 96 100 Home T * T W 6s 1943 98 102 Indpls Gas Cos 5s 1952 71 74 Indpls Rys Ir.c 1967 29 32 Indpis Water Cos 4**s 1940 98‘, 100 1 , Indpls Wa-er Cos 5s 1960 93 97 Indpls Water Cos 5s 1970 92 ! a 96’, Ir.dpls Water Cos s',s 1953 100 103 Indpls Water Cos s',s 1954 . ioo 103 Kokomo Wat Works 5s 1958 .79 83 Lafayette Tel Cos 5s 1957 .33 87 Mvncie Water Works 5s 1939 92' , 96'-, Richmond Wa-er Works. 1957 84', 88 Terre Haute Wat Wk 5s 1956 84'/ 88 Teire Haute Wat Wk 6s 1949 93’* 97’, Traction Terminal Cos 5s 1957 45 49
The City in Brief
WEDNESDAY EVENTS Wiwanis Club luncheon. Columbia CHtb. Home Builder* meeting, Washington. Purdue Alumni Association luncheon, Severln. American Legion luncheon, Board of Trade. League for the Hard of Hearing. 7:80. Stokes building. Apartment Owners' Association luncheon, Washington. Ladies' auxiliary No. 2. Patriarchs Militant. I. O. O. F„ will hold a picnic next Sunday afternoon at Dearborn park. A dinner will be served at noon, followed by entertainment program. F.li7abeth King. 74. of 1156 Hoyt avenue, died today at. city hospital of injuries incurred July 2 in a fall. She suffered a fracture of one hip. Members of Bruce P. Robison Post, No. 133. American Legion, elected Paul E. Beam commander at the meeting in Central Christian church Monday night. Beam succeeds Cecil E. Stalnaker. The original cast of “Heaven Bound.’’ from Shelby. N. C„ will play at New Bethel Baptist church. 1531 Martindale avenue. Wednesday night at 3:15. Frank L. Belles and Ce'cil H. Cain have been promoted from agents to superintendents in the Indianapolis office of the Western and Southern Life Insurance Company.
Foreign Exchange
IBy Abbott. Hoppin A Cos. —Aug. 7 Close Sterling. England 34 j?l 4 Franc. France 531 Lira. Italy 0/13 Franc, Belgium le3 Mark. Germany 3245 Guilder. Holland 54/5 Peseta. Spain 1134 Krone. Norway 2260 Krone, Denmark 2010
Chicago Stocks I Bv Abbott, Hoppin * Cos.
Aug 7 TOTAL SALES, M.OOO shares High. Low. Close, j Abbot Lab 34', I Acme Steel Cos .. 3 i!’ ' Allied Products 10', 10 10', Asbestos Mfg 4 3’ 3' Bendl\ Aviation ... .. .. }s’ Borg Warner 15', 14’* 14’, E L Bruce Cos 21 19 21 Butler Bros _ 4', Berghoff 14', 13’, 14 Cent 111 Pub Serv pfd 27', Cent 111 Securities com .. ... Cent Pub Serv Class A. .. ... ’ Cent Pub Util s Cent. Pub Util V T C ’, Cent A So West 2’, Chi A- North Western.. 10 ! , IP 10 Chicago Corp rortl 3’, 3's 3', Chicago Corp pfd 2S' 25'* 25‘w Chicago Flexible Shaft 11 Cities Service 3’, 33 Commonwealth Edison. .. ... 64 Cord Corp 10 9*V 9, Crane Cos B', DoMets, Inc., pfnee ... 15', Dexter Cos Goldblatt Bros ... 19', Greyhound Corp ’■ ’ ’ Grlgsbv-Grunow 2’, 2', 2’, Houdaille-Her.shev "A'' 10', Libby-.VlcNeil Loudon Packing 10’, Lvnch Corp 26’, Marshall Field 13'. 13 13 McGraw Electric 4 Mickeiberrv's Food Pro 4 l s 4 4 Middle West Utilities. ', ’ ’• Mid West Util 8-r pfd 2 Midland United 1 Midland Util 6-"- P L 3 1\ I’, Mid Utilities 7 r v PL National Securities Inv. ... 2 National Union Radio l' 1 I‘, Noblit-Sparks Ind Inc ... 24', No West Util Pr Lien 9'* Prima Cos 28 27 27. Public Service N P 34', 33’, 33 , Quaker Oats 135 Quaker Oats pfd 116‘, Reliance Mfg Cos.. ... .. ... 14 Signod- S-ee! Strap'g p ' Sou’hern Union Oas Studebaker Mail IAI. . s . Swift. ACo 18 IT. 17', Swift In-ernacionr.! .. 24 23’, 23’, Telephone Bd A: Sh pfd .. 14 Thompson. JR ... 10’, Wahl 1 7 Walgreen Cos com ... 17’ 17 17 Yates Machine ... l'
Daily Price Index
By 1 11 ilrtl I'rm* NEW YORK. Aug 7—Dun * Brad--1 street's daily weighted price index of •hirtv basic commodites compiled for the United Press .1930-1932 average 100' Today 103 58 Friday 104.44 Week ago 101.59 Month ago 104 55 Year ago 79 57 1933 high 1 Julv 13* . 113 32 193 low .Jan 20. 67 88 (Copyright. 1933 Dun A- Bradstreet. Inc.i New York Curb Bv Abbott. Hoppin A Cos. Aug 7. Close Close Alum Cos of Am 71 Lake Shore M 41 Am Bv 2 7 Lone S'ar Gas 9 Am Ct P A- L B O’, Mount Prod 5 Am Cvan B l! 7 * Natl Bellas Hess 2 3 < Am For Pwr. 7’; Niag Hud Pwr. 9 5 Am G A- E! 33 Par. Am Airways 4 ! , Am Sup Pwr 4 J 4 Parker Bstprf 3 J . Ark N'l Pwr A 2 Pennroad 3*< Ass Gas A 1‘: Pierce Gov 4 Atlas Ut Crp 13’ , Pioneer G!d Mns 10L. Car. Marconi .. 25 St Pegis Paper. 4 7 , Cent Sts El 2 ! Segal Lock >s Cities Serv 3'.. Std Oil ol Ind 28 Con: Edison 63'.- S'd Oil of Kv . 18 Cord 10' • Stut7 14', El Bnd A- Sh J"”. Translux 2'* Ford of Erg s' United Founders 1 7 Ford Mot Can 13 United Gas . 4 Hid Bat 2.1 m 9'. Ur. Lt A- Pwr 4 7 Imperial Oil 12S United Verde 4 Irving Airchute 54 Wright Hargrvs. 6 3 Inti Ptro! . 15**COUNTY FAILS PAY ROLL Bartholomew Employes Denied Wages as Fund Is Depleted. By I'nitril f*rra COLUMBUS. Ind . Aug. 8 —Bartholomew county officers and court house employes will have to wait until the county council raises a loan before they have a pay day, it appeared today. The general fund was entirely depleted Monday when the highway department pay roll was met. Overdrafts by county trustees for poor relief funds were blamed for the shortage.
STOCK MARKET HOLDS FIRM IN LIGHT TRADING Gains of Point or More Are Made by Leaders at Opening.
Average Stock Prices
Average of thirty industrials Monday High 93 32. low 9163 last 92 55. off 0 07. average of twenty rail.* 47 09. 46 36 48 69. off 008: aseraee of twenty utilities. 30 55 29 76, 30 04. of! o 69; averag- of forty bonds 87.93. uo 002 BY ELMER C. WALZER Cnltrd Press Financial Editor NEW YORK. Aug. B.—A firmer tone developed on the Stock Exchange at the opening today, without pickup in the volume of operations. which continued at the lowest levels since early April. The dollar slipped off after opening slightly higher in terms of foreign exchange. Sterling opened at $4 46’ 2. off l' t cents, and by the time the stock market opened it had recovered to $4.47’a. Commodity prices also were firmer and bonds ruled steady. On the Stock Exchange gains ranged to more than a point. Steel common was a feature at the outset, opening 1.500 shares at 53, up 1-. points. Bethlehem Steel was unchanged at 33 T s. Among the better gainers were Auburn Auto. 54’ 2, up 1; Du Pont 70 7 , up T x, and United Aircraft 32’ 2 . up V Small advances were noted in some of the utilities, weak spots in Monday's session. Chrysler was up ’2 to 32\ on 1.500 shares in the automobile division. Coppers made small gains, as did the wet stocks. Gold mining issues ruled firm.
Bank Clearings
INDIANAPOLIS STATEMENT —Aug. 8— Clearings 51.516 000 00 Debits _. 3.668.000 00 TREASLRS STATEMENT —Aug. 8— Net balance for Aug 5 *799.942 901 87 Int Res Reels, for day. 8.233 119.61 Customs rects. mo. to date 5.521.007 38 New York Bank Stocks (By Abbott. Hoppin A: Cos.) —Aug. 7 Bid. Ask Bankers 62', 63 Central Hanover 141', 142', Chase National 27’. 28', Chemical 27’ 28% National City 31’ 32;, Corn Exchange 5.6', 56-, ''ontinental 15'® 15’ /irst National 1 440 1.4.65 Guaranty 322 324 Manhatten ACo 28' , 28', Manufacturers 17 17'New York Trust 98', 99',
Bright Spots
Bv Lniled Press Aviation Corporation reports June quarter net profit of $378,465. compared with a net loss of 51.741.499 in like 1932 period. Ameriran Iron and Steel lnstistitute reports July output of steel ingots totaled 3,203,810 tons, largest since June, 1930. United Carbon company reports June quarter net profit of $171,760 against $42,969 In corresponding period. Eastern Steamship Lines earns Juno net income of $183,022, against $98,596 in June last year. Chrysler Corporation reports July shipments totaled 55,119 units, largest in company’s history. F. W. Woolworth company reports July sales of $19,583,882. up 7.9 per cent from July 1932. G. C. Murphy reports increase of 29 4 per cent, in July sales, compared with corresponding month of last year. NEW YORK COFFEE FLTI RES Aug 7 RIO High Low. Close March . 6 08 Mav 6 17 6 15 6 15 July 6.20 6 18 6 18 September 5.76 December 5 98 SANTOS March 8 25 8 24 8 25 Mav 8 32 Julv 8 37 8 23 8 37 September 7.93 •ember 8 16 8 15 8 16
ifOIUZONTAL Answer to Previous Puzzle by trade. 1 1 irst name of |m A P Y G AP D E rsL js P An} 1“ Varrtlsh man in the ~ Jp QnIBTs C QTJ ingredient, picture. fy MfrQY AM||C H O’k'ED] ISor e launder. 7 1/ast name of £ r ptfcjPAP : EIT 20 The pictured man in the -r- UAkL/lN c. a i fnMrann man gave the picture. ' the I "wiies ining ’° RE L ANfiizMß e WF al : c ,—• (p,) - r 3 s D r“„. 15 H-fivv blow. 26 (Joddoss ot 16 Equable. 17 The pictured P_H > DH ~E.P.NBRMr 27 To give mediman is the |GR.O A_E LjL; 1 ra j , are . originator of IQ S-.P-A.T, ICSO PP A NOl 29 Empty. tTie inran- for hcef. YERTIC.YL 311* rath, descent ? 41 Suffix ti*ed in 2An asylum. 33 Era. 19 To retain. names of dis- 3 Tr „ c olive 3.7 Eggs of fishes. 21 Meadow. eases. ’ 39 To hie. 22 Seagoing ves- 43 The pictured ' ae ' 40 Courtesy title, sels using oars. man is one of •> Measure of 42 Wing. 24 Hurrah.' the most fa- area. 43 Little devil. measure. mous of the 6 Wind instru- 44 Moving truck. 26 Unmerciful. ? t 45 Unit of energy. 25 Therefore. 50 Member of ‘ 46 Northeast. 29 God of war. parliament. 9 T,> accnmphsh -47 Marble. 30 Constellation. 51 Astringent. 9 Writing fluid. 4S Combining 32 Dogma. 53 To the rear. 10 Prophet. form meaning 34 Elderly states- 54 Oceanic fish. 11 Eland. limit, men of Japan. 56 Pozinjr. 13 Monthly 49 Milk pail 36 Bay horse. 57 The pictured statement. (variant). 37 \ igilanL man was 14 Pronoun. 50 Crazy. 3$ Interior called the 16 The pictured 52 Above. 40 Male ox raised ? (pi.) man was an 55 Pair labbr.).
J 1 2 4 5 I c I -7 e'jJo n I ii w “ 1 14 jP™ TT I I I 55 52 TO 55 TO oT” “i I I H I H"l~n~H-h
Todav and Tomorrow 9
Emphasis Should Be Placed on ‘Disparity in Prices’ Rather Than in Price Rise. BY WALTER LIFPMA.VN
IT would be Utopian to imagine that any statement of objectives ear be complete and accurate in all the phases of a crisis like thus one Statesmen and the people are bound to emphasize some partial objective at each particular time, modifying it and emphasizing other objectives as the situation changes. Only doctrinnaires will call this inconsistent; only the intellectually naive will imagine that any one at any time in any place has ever been able to outline a comprehensive and final program of action. Certainly the President never has fallen into that de-
lusion and not the least engaging and reassuring qualities of nis leadership has been the frankness with which he has disclaimed dogmatic finality. Thus, during the spring, the chief emphases was put upon the importance of bringing about a rise in commodity prices. It was seen that only by a rise in the prices of raw materials could the primary producers be saved from ruin and restored as purchasers of finished goods. a a a BETWEEN February and June the average wholesale price of farm commodities was increased about 30 per cent. And in ihis average there were actual increases of much more than 30 per cent in the grains and cotton. There has. in consequent been a revolution for the better in American agriculture.
Now the question arises as to whether the time has not come when the genera! slogan of “a rise in prices" does not need to be coirected by emphasis upon "the disparity of prices." For example: Using the year 1926 as a base, farm products in February were 40 9 per cent of the 1926. By June they were 53 2 per cent of
the 1926 average. On the other hand, building materials in February already were 69 8 per cent of 1926. and metals and metal products were 77.4 per rent. By June building material had risen 7 per cent and the metals 2.5 per cent. Now it must be clpar that the gain to the farmer of 30 per cent is not reaily 30 per cent if the things he has to buy also rise in price. It is onlv as you close the gap between what he received and what he buys that you are really laying a basis for "recovery." Therefore, as manufactures rise, you have to raise farm prices by that much more to obtain any result. a a a THE same holds in regard to the efforts being made to raise industrial and commercial wages. Th" increase of the dollars in the pay envelope is a real gain in purchasing power only in so far as the cost of living lags behind the increase. If this principle is not clearlyrecognized there is a distinct possibility that the wohle program will become a mere multiplication of dollar prices. If. for example, you raise the price of raw materials, then raise the prices of manufactured goods in proportion, raise wages to offset the price increase, raise prices to offset the wage increase, you are likely to end by having to raise raw materials still more. And thus you can easily find yourself in a vicious spiral. I do not say this is happening. But I do say that it very easily can happen. and there are not a few signs that it has begun to happen. can THAT is why it is so vitally important that the NRA should show' as great an interest in restraining the increase of some prices as it does in raising wages or farm prices. If it fails to do that, it is likely to produce a senseless inflation. Thus, for example. It is just as important to be concerned about the artificially high price of steel as it is to be concerned about the unreasonably low price of textile labor. The disparity of prices is the thing to be concerned about now. In a well-conceived campaign of recovery, it is necessary *e be just as resolute about preven'ing some kinds of prices from rising, and perhaps even about lower* "g some prices, as it is about raising other kinds# of prices. Therefore, it would be most reassuring if the NRA. say in dealing with the steel code, which governs a truly basic industry, would demonstrate its understanding of this aspect of the general problem. i Copyright. 19331 Liberty Bonds Bp T’nltrd rrrut NEW YORK. Aug. 7. -Closing Liberty Bonds: i Decimal.* Represent 32nds. i. Liberty 3‘,s .31-471 102 20 Libertv First 4’,s >32-47' 101 28 Liberty Fourtii 4' 4 s i33-38i 102 26 Treasury 4',s ■ 47-521 110 2 Treasury 4s >44-45' 106 5 Treasury 3’,s < 46-56> 104 13 Treasury 3’s 43-47> 102 1 Treausrv 3’s i4l -43* March 10122 Treasury 3’s > 40-43 June 10123 Treasury 3'xs >46-49 99 25 Treasury 3s (51-55 t 98 10
*
Waller I.ippmann
Produce Markets
Delivered In Indianapolis prices: Hens, heavy breeds over 4', lbs 10c leghorns 7c. Broilers: Colored springers l >.. lbup. 12c. springers (Leghorn l', lbs. up 9c barebacks. 6c: cocks and stags 6c Leghorn cocks and Leghorn stags. s<. Ducks, large white, full ieatnerea and fa over 4 lbs. 4c; small and colored. 3c Geese, full feathered and Ist. 3c. Young guineas. 20c: old guineas, 15c. F.ggs—No. 1 iresh country run eggs. lie. Each full egg c * s 6 must weigh 55 lbs gross: a deduction of 10c per lb. for each lb. under 54 lbs gross nil! be made Butter No. I. 25',/26c. No. 2. 23d24c. Butterfat—lßc. Quoted tv the W'adlev Company. By I'nited Presa CHICAGO. Aug. 8 Eggs Market, steady, prices unchanged receipts .4 070 cases, extra firsts. 13-2 >ll3'c. first*. 12 i 12 J ,c. current receipts, 10' •./ 11 cdirties. 9',c Butter Market weak prices. ', to lc lower, rec-lpls. 12 234 tubs specials. 19V<i20'.,cc extras 19',cc. extra nrsts. lBolac; firsts. 17 bl7',cc. second*. 184/lß'ac; standards. 19c Poultry Market steady; receipts. 41 trucks, iowis. 10',-i 12c; Leghorn broilers. 10',c; Leghorns 8> ducks. J4| 10c. geese. 7>/9c. turkeys. 10. 11c. roosters. 7r. broilers. 11# 15c Cheese —Twins. 134/13'?c: Longhorns. 13' 3 >14c Potatoes On track. 172 arlvals. 70, smpments. 336. market dull; Idaho sacked triumphs $2 90Ji3 05. Nebraska sacked round white v .*2.7o''i 2 75. New Jersey sacked cobblers *2 80412.85; New York sacked Round Whites *2 95. Pennsylvania sacked Round Whites. $2 80. NEW' YORK. Aug 8 Potatoes Quiet: Long Island. $4 barrel. New Jersey $1.5(1'// 250 100 lbs : southern. $1.25 >2 50 barrel Sweet, potatoes Dull: Southern barrri $5.50; South-rn basket. 75c'*2 Flour Quiet ; springs, patents. $7 >i 725 sack. Pork Dull. mess. S2O 50 barrel Lnrn Easy, middle west spot. *6 154/6 2.5 100 lbs. Dresse noultrv Steady, turkeys. 13' 30c: chickens. 9'>i2sc: broilrrs. 134/17c. fowls. lOu 1 Sex ducks. 104/ 11 1 ~e.. Long Island ducks 1314c*. Lit.- poultry Firm: geese. 6't/Bc. turkey*. lO'uiSc. roosters. 9c: ducks. 71 14c; fowls. U'olO'.r, broilers. 104/20c Cheese Dull: state whole milk fancy lo specials. 204/21',c: Young America 154/18'.-c. Butter Receipts. 20.320 packages, market, weaker: creamery, higher than extras. 20’,4/2l',c. extia. 92 score. 20',c: first. 90 to 91 score. 20u2n',r. first 88 to 89 score. 18**4/ 19',c. seconds. 17’,’., 18’,c. Eggs Receipts. 31 833 cases, market Irregular, special packs, including unusual hennery selections. 17',4?21c. standards. 154/ 17c firsts. 14c seconds 13 o 13',c. mediums, 11',4r12 , ,C. dirties. 11', 'a 12c; checks. lOtelO'jC. CLEVELAND. Aug R Butter Market unsettled, extras. 23' 4 c. standards. 23c lbs. in tubs Eggs Market, steady; extras 16',c current receipts, ll',c. extra firsts. 12c Poultry Market, weak, heavy fowl. 124/13c; Leghorn fowl, 9c. hPavy broilers. 124/15c; Leghorn broilers, 101/lie. ducks. 74/lCc; old roosters. 8c Potatoes- New Jersey and Long Island, U. S. No 1 Cobblers. S2 85'>/2 90 per 100 lb sack. Delaware mostly around $2 80 per 100 lb sack. Other Livestock BY I’NITED PRESS CHICAGO. Aug. 8 Hogs Receipts. 15.000. including 4.000 direct, stadv lo 10c higher than Monday's average. 220-250 lbs. $4,40 / 4.50; top. *4.50; 260-350 lbs $4 4/ 4.40: 140-190 lbs.. 83 754/4 45; pigs, $3 25 down; packing sows. *3 254/3 65 light lights. 140-160 lbs . good end choice. $3 50 4/ 4 25. lightweights. 160-300 lbs . good and choice. $4,254/4 50; medi im weights. 200250 lbs . good and rhoire. SI 40./4 50 heavyweights. 250-350 lbs . good and chozre $44/ 4.45. packing sows 275-550 lb good and choice. $34,3 80. slaughter pig 100180 lbs., good and choice, $2 754/3 50. Cattle Receipts. 6.000; calve- 2.000 better grade fed steers with weight in excessive supply fresh receipts increased bv llhe.nl holdovers from Monday, such kinds 10 lac lower, very slow at decline, yearlingand light lower grade steers also yearling heifers go’ting best action about steady; other killing classes very slow excppt >. cnlers. this class scarce and higher slaughter ca'tle and vealers Steers. 550-903 lbs good and choice. $5,504, 7; 900-1,100 lbs 'good and choice. $5.506 7 25: 1 100-1 300 lb good and choice $5.504,7.25: 1.300-1.500 lb.-, good and choice *5 754/7 25 550-1 300 lbs . common and medium. 834, 5 50: neifers 50-7ao lbs. good and rhoice. 4 754/6 40; common and medium, *2.754/5, cows, good $3 o°-' 4o 5; common and medium $2 504/ 3 50; low cutter and cutter cows. $1,504, bulls yearlings excluded good beef *r it! 1 * : r,| tt ,, r. common and medium *2.75 Rood and choice. $64,7 medium. *54,6. cull and common $3 50-,, 5 Stocker and feeder rattle Steers. 500-1 050 .nH *2,°.'!. and bboice $4 504/ 5.75. common medium. *3 -/ 450 Sheep Receipt \Trmri ® stlv . 2sc higher, fully in line v, >th k r L Mn! . expansion on choice ?; V; n .*4* bU , ,k n * ,iv " *'754,8. fa, lights 25 t'V’e* 11 '' . b,l,r . h *‘ r mark--, bulk n on ,u* 5 Z S; *-ughter sheep and 1 * o' os 90 *bs down, good and choire. sc 73 on >sn common and medium. $44,7 ewe h*" KOO<I an <f choice $1.254,3. all weights, common and medium. *l4/2. ';i FT >nn'o*o N £ A 'i* .? Hogs Market !5c ,T n 2'!°-,2 50 lbs *4.55. 250-300 lbs $4 45 4®-*®" lb * ** 45. 390-350 lbs. *4 IS 160n!® 5: 150-160 lbs *4 05 '4O-150 *3 rrulh M ot® !b ‘' M 100-130 ;bs° timbs, U f?.2s.**Ca, : *.le. t *?eadv 2 C * !v "' M •vere- W rns h in/i s h .h'Rherthan Mondays. ssn iw and S°o and * choice, iso--250 lbs . *4 85 250-275 lb- *4.50 >/4 60 ler butchers. *4254,450 iSO- - lbs.. *3.904/4 40; 130-150 ibs $3 /3 65 parking sows, fully s/eadr. *34,7 ?$ Ca-. tie- Receipts. 325. calves receipt ico generally steady on meager supplies of most classes: odd lots medium to goo-i heifers mainly $4 254, S 50 *m-rii/J-n’ I */ 5? ad lo ro,r >mon tends on &**• * 3 most beef cows. *2 50 good o Choice vealers. $4 50-/5 50 plainer mostly $3-/4 Sheep Receipts 1 700 betLn r -/ Er t?5 rs of ! *mb.s scarce demand active and 50c or more h/gner. plainer kindFteadv to strong, mos- b- ter offering ewe and v ether lambs. SB4/8 50. rhoi-e nandyweights u0w,,.,! , 0 59. medium. ,argeh *5-/ 6.50 some mixed. *6.504,7 50 common. $44-5; culls on down to *3 or below; few slaughter ewes, steady at SD-,2 TOLEDO Aug 8 Hog* Receipts. 200 market strong to 5c higher heavy vorxers *4 504/ 4 55. mixed and bulk of sa>, *4 55 p'gs and lights. *2 754, 4 Ca--> Receipts. l;gh' market steady Ca - Receipts light: marke- steady Sheep and lambs receipts light, mark*-.. steads r Births Boy 1 Clarence and Helen Arnold. 1732 South Kanaoipn. Donald t.nd Helen Morford 2€33Burton Frank anl Theresa Adarm St Vincent s hospital George and Mayme E* ans. 1805 Ashland Clarence and Letha Schult7. 152* As’or Girl* Clarence and Ruth Johnson. 956 Cdei; . Mary Engle St Vincent s hospital. Francis and Gladys Boa-man. St Vincent s hospital Harrv and Grace Porrler S-. Vincent s hospital h * nd Hottel. St Vincent i hospital. ho?pit*l ® nd Helen Fort *' S' Vincent’s Richard and Genevieve Fox St Vincent s hospital Clyde and Agnes Wilson, ettv hospital. Roy and Violet Hall. 434 Division Deaths P r *o/c King 37 Methodi't hospital, cerebral hemorrhage. Georg* Tabor 22 2511 Columbia pulmonary tuberculosis James Robert Bain. 1. city hospital, acute enteritis Sarah E Hudson 75. Central Indiana hospital, chronic myocarditis James Bmith 50 1062 ’West Twentyseventh. lobar pneumonia Claude M. Baker 23 Methodist hospital lobar pneamoma Georgia Zieg;-r 59. St Vincent’s hospital carcinoma Marv Josephine Rostter. 11. of 2130 Qargetld. chronic myocarditis Thomas A Billlanis. 67 of 602 West Maryland, chronic interstitial nephritis.
BUILDING & LOAN]NEWTON SELL 415 Lemcke Building I TODD
PAGE 11
GODD DEMAND SENDS WHEAT PRICES HIGHER Corn Unevenly Lower and Higher: Other Grains Irregular. BY HAROLD E RAINVILLE Lulled Press Staff Correspondent CHICAGO, Aug. A— Wheat opened firm in a slightly better trade on the Board of Trade today, unchanged to ’ 2 cent higher There was little pressure and scattered buying. Cables were about as due and stocks were unevenly steady. Corn was irregular. ’* cent lower to ’* cent higher. Oats was uneven. % cent lower on May and ’* to * 4 cent higher on the other months. Rye was unchanged to 5 cent lower. Barley was freely offered at the minimum price, unchanged Provisions were firm Liverpool re-opened after a twoday holiday with prices easing gradually. Thus with a derlme in sterling left that market 2 to 2-% cents lower at mid-afternoon The uncertainties surrounding the market. with price restrictions and an investigation ponding, have made most operators prefer to stand aside temporarily. Bulls pin their hopes on inflation sooner nr later. The government crop report is due Thursday. The warm weather in the rorn belt is having little effect on that grain. The price range is narrow. There is talk of importing Argentine oats owing to the shortage in the United States It is havipg little influence as there is a 15-cent per bushel import tax Chicago Primary Receipts —Aug 7 Tidav Last week. WTie.lt 702 b(K 444 000 Corn 681009 1 596 000 Oats • 278,000 323.000 Chicago Futures Range WHEAT— A " K * Prey. High Low. 10 00 rlos* September .. 98’ 4 97’, 8' '9B December . . I 01', 1 00’ 4 101 101 May .. 105' 1.04', 1 OT* IOG CORN September .. 54 1 * .S4 l , .54’, ,54’j Derembvr ... 58’ 4 58*, 58’, 58-’ Mav 64 '* 63’, 63’, 64 OATS September .. 39\ 39’, 39’, .30'. Derember ... 424 42' 42’, 42’, Mav 45'. 45'/ 45’, 45’, RYE September ... 73 72’ .72’, .73', December ... 78'a 78 7B' ,78 ! z Mav 83'j .3* BARIEV - September ...... ... 53 53 December ... .57' .57 *4 CHICAGO CASH GRAIN CHICAGO, Aug 7 Cash gram, close: Whea' No I red. 97', ,97'jf N'> 2 red. 96’, 4,97 cNo 1 hard. 9'./97’,r; No 2 hard 98’,">/ 97 1 jC No 3 hard. 95’*/98c; No 2 mixed 96',r. No 3 mixed. 95',4/ 95’,c Corn No 3 mixed 52’,c. No 8 mixed. 49* c. No 1 vellow. 53',c. No 2 v?!lo 53' ,r No 3 veliow 534/ 53' ,c No. 4 vellow . 52c. No 5 vellow. 51 1 • n 52',c: No 6 vellow 50c No 2 white 55 c Oat* No 2 white. 38’,4i 40’,c. No 3 white. 37'i39’jC No 4 while. 35'i4j35’,c sample grade 34 1 /•! 35’,r Rve No 2 71‘#c. Barlev 40vi 64c. Tlmothv $4 254/4 50. Clover TOLEDO CASH GRAIN Bv f'nife/f /’rc* TOLEDO. Aug 7 Grain elo’e Grain In elevators, transit billing Wheat No 2 rel. 96'/4/07'.c Corn No 2 vellow. 584/ 59r. Oats No 2 white 434, 44c Rve No 2. 78' i'ii 77'-c Track price, 28' jr rate. Wheat -No. 1 red. 92' ./PT/r No 2 red. 91V<l 92c Corn No 2 vellow. 33'■■ >/34'aC. No 3 vellow 32',4,33'/C. On” No 2 white 394, 42c No 3 white. 374,41 c. Toledo xeod close: Clotcr Cn-h 58 50 October. *8 7SB Alsike Cash *8 75. August *9'o Toledo produce close fintcr Fancy creamery. 25r Eggs Extras 1414'iC. Hav—Timothy. per cwt.. 75c NEW YORK ( ASH GRAIN Bv I nilnl I’rrm NEW YORK. Aug 7 Ca-h grain: When' No 2 red. $! 10',; No 2 hard winter. $1.14’, Corn No 2 mi-ed. 56'.-c. Oats- No 3 white. 42',e. All auotes C. 1 F New York. ST. I.OLIS CASH GRAIN Bv I nil''l /’rc, ST LOUIS Aug 7 Cash grain Wheat —ln good demand higher; No 2 red winter w heat. 96',c: No 3 red 954, 95' ,r No 4 red 94 .'4,95c. No. -> red 9lc; sample grade red. 83r No 1 red garlicky. 90r No 2 red garilrkv. 90c. No. 2 red garlicky. 884,94 c ha'd winter, lc higher; No 1 hard. 95'/c: No. 2 haid. 95r No. 2 mixed. 95c. No. 3 mixed. 94-,c. Corn— In fair demand. ',*/lc high'- So. 2 yellow 534,53'..C No. 4 vellow ,2c. No. 1 white SSr No 2 white 55- Oats- In fair demand 1 ?r higher; sample grad® white. 33c No 1 mixed. 36. ?6',c: No. 2 mixed 35c No. 2 red. 36'*c; No. 3 red. 35'jC No 4 red. 34c
Indianapolis Cash Grain
—Aug. 7 The bid* for car lots of grain a' th® call of the Indianapolis Board of Trade, f. o. b shipping point, basla 41', New York rat* were Whea’ No 1 red. 86'// 87c, No. 2 red. 84 fi 86c; No 2 hard 85 >;B7r Corn Easv No 2 white 50'</Sle No. 3 whit* 494/50 c; No 2 vellow 48 '■/ 49r. No. 3 vellow 47’,/ 48c. No. 2 mixed. 47 u 48c; No 3 mixed. 46’/47r. Oris Steady. No 2 white. 33‘,i34*,c; No 3 white, .12'/ z 33 : ,r Hav it. o. h country points taking 23',0 or levs rates to Cincinnati or Louisville' No l timothy. *6’/ 650 No. 2 timothy, 15 50'u 6. - Inspections - Wheat No 1. car; No 2 red 4 cars: No 3 hard. 1 car. No 1 mixed. 1 car: No 2 mixed. 1 car. To’al. 8 cars. Corn No 2 white 4 car- No 3 white. 2 cars; No ■ white. 1 rar No. 1 yellow, i car No 2 yellow 14 r ar* No 3 yellow, 4 ears; No 4 vellow. 2 cars No 5 vellow l ear, No. 6 yellow, 1 car. No. 2 mixed 1 car Total. 31 eras. Os's No 2 white 14 ears. No 3 white. 44 cars,: No 4 white 2 ears No 2 mixed. 2 cars; No 3 mixed 1 car. Total. 63 cars. INDIANAPOLIS WAGON WHEAT Ci'J" grain elevators are paving 8! centa for No 2 *o't red wheat. Olner grades on their merita. Marriage Licenses Edward L’ng’.es 21 of 814 Arbor avenue .aborer and Manet a Moor* 17 of 1320 West Hav street, hoir-ewife Leonard W. S-rand. 33. of 126 South J.iinoiv t.-eet insurance man and Oma Mae Spears. 27. of 1100 North Pennsylvania treet teacher Kenneth W Farrar 21 32 Wet Southern avenue. c!esnr. and Ruth E Domroe;e 1,. of 110 West Arizona a’reet. housewife Edward Logan, 22 R R 6 Box 680 Indianapolu. electrician, and Helen Kern. 20. Edge wood Ind. eler* Gerald W Dunlevev 2s. of Davton O printer and Hle n v Huthman. 21. Roosevelt hotel, stenographer Aionzo E Oreaver. 28 608 North New Jersey Street, mailer and Lucille v UnderW'ood. 24. of 522 North New Jersey street, housewife. John T Harmon 24 of Whlteiand Ind.. trucker and Eva Taylor! 19 Southport, housewife Plumbing Permits filoan-Barxer Ritter and Brooknli* roao four fixture, William Steck 321 West Tenth street, two fixture* WiU/am Steck. 5901 Central ?*.xteen fixtures Frank Irish. 342 East Washington ten fixtures Ed B-11. 435', Massachusetts avenue, four fixtures. After five years' study, an Illinois doctor has produced a vaccine for whooping cough which appears to have real preventive value. LOANS AT REASONABLE KATES TOR ALL WORTHY Tl KPOSES The Indianapolis Morris Plan Company Ilelanare and Ohio Hl®. Kl. ISMI