The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, July 07, 1933, Home Edition, Second Section, Image 18

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The Indianapolis times. [volume], July 07, 1933, Home Edition, Second Section, Page PAGE 18, Image 18
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The Indianapolis times. [volume] (Indianapolis [Ind.]), 07 July 1933. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn82015313/1933-07-07/ed-1/seq-18/>

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PAGE 18
New York Stocks
■ 1 ißv Abbott. Hoppln A Cos.) ————————
—July 7
Oil*—
High. Low. 11 OO clour.
Amerada 40% 40% 40% 39.•
At) Rig 31% 31 % . 31% 31%
BmOall . 10% 10,*
ColMoi Oil 15* 15% 1% }3%
Co4t of Del 19 H 19
Hmitlon (new).. .. -l
Hottoton (Old) .• 37 36
Mil Hont Pet . 13% 15% 13% 15%
01&*011 I*% 17% 7% 17%
P*ftworp ... 14% 14. ii
PhflUp' Pet . 17% 17% 17% 17%
Putt Oil 10% 10% 10-a 10%
RofU Dutch . . • 94
h iOW 33% 33% 33% 33
Shiri Union 11V* 10
SlrAms Prt 12 12
BkSU*y 0 11.. . , ••• - ik% , ® 8
Bo<j Vac . 15% 15% 13% 15%
fi Oor Cal 39% 39%
80 of Kau . . ••• %
BOOf N J 40% 40% 40% 39'
Sun Oik ... 22, 4
Texas C orp . f®, 2
Tidewater Assn. 10‘a 10 2 10 v
Un Oil of Cai 23 22 s
Am l, iu"i Mill* .. 28% 27% 26% 37%
Beth B‘rrl 48% 48% 48% 47
Byers AM 32% 32% 3. a 32 j
Col Fuel At Iron 17% 16% % *3
Cruc Btr-cl • ... 23% 27 *
Gulf Sts Steel 34 3%
Inland Steel ... .■ % * 4
Ludlurn B*eel . 19% 19% 19% 18%
McKeesport Tin. .. . . • ■ ?!| t 4
Nall Steel 54
Rep Iron Ac Steel .. ••• 21 2O
Rep In A Btl pfd . J 2 9
V 8 Smelt M% 55
Vanadium 29% 29% 29 4 29
Midalnd 17% 8
U S Pme A Fdv . , 21% 21
V S steel . .... 65% 65% % M •
U 8 Steel pfd .102% 102's 102% 101 a
Young SAT 33 % 32 2
Atl Cat Line ... 57 56% 57 54 4
BA O 37% 37% 37% 36%
Can Pac .. .. 20% 20% 20% 20
Ch A Ohio 47% 47% 47% 47
Chi A ot w ...... ••• 8^ 4 2 4
CMAIt PDd 12% 12% }2% 12%
SB s z 9. 5i ‘ .4 •
Dela A Hud ... 93 92% 93 92%
Hht •* * "aiv ai
Grt North 33 * 7}
111 i,‘ v
K C Sou ..... ... lr.
IiOU A Nash ”7., ?2
MK A T ... 17% 16% 17% 17
Mo Pac 9% 8% 9 s 8 j
Mo Pac pfd .. 14*4 14 2 14 l3
N Y Cent . 38 57% 58 56 ,
N Y Chi A St L . • 25 23 4
N Y Ch A St L 3§ v 21 2
N Y New Haven 34 33% 33% 33
N Y Ont A Wes . . ... 14% 14-a
Norfolk A Wes ■ • jiu
Nor Pac 34% 34% 34 33 4
P.nn R R . ... 41 'a 40% 41% 40
SouPac ....... 38 -37% *37% 36%
Sow R R 30% 30% 30% 29 .2
Wabash 7% 6/a ■ ,sk?
W Maryland ... 14% 14% 14% 13
Aiiburn r *TT 70% 70>' 70% 68%
Chrysler 38% 38% 38% 38 -a
Gen Motors ... 33 32% 33 3. 2
Graham Mot... 4 5/ 4 2 J/* 4_*
Hudson 15% f4% 15% 14%
Mne£ Truck ’ 44% 44% 44% 44%
D
Studebakor • ®'' 4 Si 9
Yellow Truck... 7% 7% 7/ <
Briuiix 20% 20% 20 -a 20 2
Bohn Alum .. 54 53V. 54 53
Borg Warner .. 21% 21 21 * 21 a
BMfcs k .. • ■,, 13 9
Buqd Wheel . . 5% 5% 5% 5 e
Eatn Mfg 14% 13% 13 a 14
F.iec Auto Lite.. 25% 25% 25 a 24 a
Hoild Hershey 3 '•
Mullins Mfg ... •• •• ■ 9 * ’.ga.
Mufray 80dy.... 11% 11 -1 4
3? 2 34% 35 34-“
AlMka n sun .... 22% 22% 22% 22
o'l-ro De C Paaco. 29% 29% 29% 2R%
Granby 4% }£ }}’ 8
SiSd.V.V 25% Ik 2 %
iSt- W.::::::: ::: Mi:
Kemiecott Cop 24 2 23,4
Nnrandn Cop ... 31 30% 31 30 *
fhclps Dodge .. 15% 15% 15/a 15 2
Pitts Coal 11/2
Tobaccos — ._j.
Am Snuff 48 47% 48 4,\
Am Sum Tob 18% JJ, 8
Am Tobacco ... .. ••• 90 * 89 2
Am Tob (8).... 94% 94% 94% 93 4
Gfil Cigar
Lift Mvers (B) 97 3 4 96*2 VJh
R evil old's fob B 50% ’50% 50% 49%
Allt| U *Chalme’rs.. 23% 23% 23% 23
Am Car A Fdy 35 35%
Am Loco ... ... 1.. 37 2 37
Ami Mach A Fdy 21% 21 *
Am Steel Fdv 26% 26% 26'* 25*
Bald Loco 17% 17% 17% 16%
Burroughs 20% 20% 20% 20V*
Case J I 100 98Va 100 99
Catfr Tract . 29% 28%
Colgat Palm Peet 19_*
igoleum ... . 18,4
Elec Stor Bat... 52 51% 51% 51
Foster Wheeler.. 22% 22’* 22% 21%
Gen Am Tk Car 42 41% 42 41%
Gen Elec 26% 26 1 2 26 5/ a 26'*
Gen R R. Slg 49 49%
Ingsol Rand 68%
Int Bus Mach .138 137 Va 138 136%
Int Harvester... 44% 44% 44% 44%
Kclyinator . ... 12%
Natl Cash Reg.. 21% 21% 21% 20%
Prop A Gamble. .. ... ... 43%
Pulfcnan Inc... 57% 57% 57% 56
Simmons Bed ... ... 23%
Un4 Elliot 38
Welt Air B 35', 35% 35% 34%
Wetingh Elec... 51% 50% 51% 50
Wopt hlngton P.. 39% 39% 39% 39%
Utilities—
Am- A For Pwr . 19 18* 2 18% 18%
Am. Power A Lit 16% 61% 16% 15%
A T A T 133% 132 1 a 132% 132
Am Wat Wks 39%
Brook Un Gas.. . 84
Col Gas A El.. 27% 27% 27% 26%
Col.G A E pfd.. . ... .. 80'2
Col* A Sou 4% 4% 4% 4%
C'onSml Gas 62% 61% 61% 60'a
El Pwr A Lit... 14% 14'* 14% 13%
E P A L pfd . 26%
Int'T A T 20% 20% 20% 20'*
LoiiGAEA ... 23 1 2 23%
Nat Pwr A Lit. 19% 19V* 19% 18%
North Amer 35% 35% 35% 34%
Pac GA E 31 30% 31 30%
Putt Setv N J 53%
So Cal Edison 28% t 26
Std' Gas 20% 20*a 20 8 a 20%
Std. Gas pfd ... ... 22%
Untied Corp 13% 13% 13% 12%
Un'Gns Imp . . 23% 22% 23% 22%
Ut, J’wr A L 1A) 7% 7%
Western Union.. 62% 62% 62% 61%
Rubber*—
Fir*stone 25% 25% 25 1 a 24'*
Goodrich 18 17% 17% 17%
Godriyear 40% 39% 40% 39
U 8 Rubber 15% 15% 15% 15%
The City
in Brief
SATURDAY EVENTS
Alliance Krancaise, luncheon. Wash
ington.
iisma Alpha Epsilon, luncheon. Co
lumbia Club.
Lester Cornel, 23. of Hamilton. i
Ohio, incurred a fracture of a finger
of Jus right hand and face lacera
tions early today when he fell from
a Baltimore & Ohio freight train
near the Keystone avenue crossing
of the Belt railroad.
Miss Betty Wilson, 22. of 139 North
New Jersey street, suffered severing
of an artery in her right arm when
she fell against a pane of glass in
a door at her home early today.
She was treated at city hospital.
Frilling out of a tree while playing
in Garfield park Thursday, Carl
HofTer. 16. of 1834 Lockwood street,
incurred a fracture of Iris right arm
at the wrist.
Albert Barnett has been employed
as custodian of the Bixler gravel
pit swimming place in Buck creek,
neair the Bixler road.
Phillip Franklin. 34. Negro. 2445
North Arsenal avenue, was arrested
Thursday charged with petty lar
ceny and Claudius Blakemore, 31.
Nefro, of 1501 East Twenty-fifth
street, charged with receiving stolen
goods. Both are alleged to have
been implicated in a series of gaso
line thefts from the Indiana Asphalt
Company, 2810 Columbia avenue.
Civil service vacancy for a medical
and social service statistician, to
serfe in Washington. D. C., was an
nounced today by F. J. Boatman,
local secretary.
(jlayton Schulti, golf pro at the
Sarali Shank course, reported to
polce today that burglars stole
cigftrs. cigarets, candy, a first aid
kit and electric fan. all valued at
about $35, from the club house
Thursday night or early today.
A Negro who ordered a dose of
medicine at the soda fountain in
the Hook drug store, at 356 East
Washington atreet early today, is
believed to have stolen two cameras
valued at $8.50 as he left the store,
pol|ce were told by Walling McKe
aoT, manager.
U 8 Rub pfd 30' a 29%
Kelly Spring 4% 4%
Amusement*—
Croslev Radio 11% 11
Fox Film 3% 3%
Loews Inc 25% 24% 25% 24%
Radio Corp 10% 10% 10% 10%
RKO 4% 4%
Warner Bros 6% 6%
Food*—
Am Sugar 66% 66%
Armour A ... 6% 6% 6%% 6%
Beatrice Cream. .. 26% 28%
Borden Prod ... 37% 36% 37 38%
Cal Packing 30 30’a
Canada Dry G A .. ... ... 25%
Coca Cola . 100%
Cont Bak. A 15% 15% 15'% 15
Corn Prod ... 82% 81
Crm of Wheat .. 33% 33%
Gen Foods 38% 38% 38'a 38%
Gold Dust ... 28 26%
G W Sugar ... 31% 31 31 30%
Hershey 57
Int Salt . 26%
Loose Wiles . .. 40 39% 4039 Va
Natl Biscuit 58 57% 58 58
Natl D Prod. .. 24% 24% 24% 24 1 a
Pet Milk .. 13%
Purity Bak .. 22', 22% 22% 22'*
S Porto Rico S 36% 35% 36% 35%
Std Brands . 28% 28 28 28
Wrlglev 50% 49
Retail Stores—
Ass Dry Goods.. .. ... ... 15%
Best ACo 31% 30% 31% 28%
Gimbel Bros ... 7
Glmbel pfd 32 31% 32 31V,
Gr Un Tea 10 10%
Hahn Dept Sts. 9‘/ 9V, 9% 8%
Jewel Tea .. ... 42%
Kresge 8 S 15% 15% 15% 15%
Kroger Groc 35 34% 35 34%
Macy R H 62
May Dept St ... 31% 31%
Mont Ward ... 28% 28% 28% 28%
Penny J C 46'/* 45% 46% 45%
Safeway St 57% 57% 57 V* 56%
Sears Roebuck.. 48V* 46 46V* 45%
Woolworth .... 49% 48% 49% 48%
Aviation—
Aviation Corp... 13% 13% 13% 13%
Douglas Air 17% 17%
Curtiss Wright.. .. ... 3% 3’,
Curtiss Wright A 6% 6% 6% 6%
Nor Am Av B'/a
United Aalrcraft 39% 39% 39% 39%
Chemicals—
Air Reduction ... 95 93 1 /*
Allied Chem .134% 132% 134 130%
Am Com Alcohol 42% 42% 42% 42%
Col Carbon ... 70% 69% 70% 68
Com Solvents. . . 30 29% 29% 29%
Dupont 84% 83% 83% 82
Freeport Tex ... 38%
Liquid Carb . 39 38% 39 39
Northern Alkali. 33% 33% 33% 33
Tex Gulg Sulph. 34% 34' * 34% 34V*
Union Carbide 45% 44% 45% 44%
U S Ind Alcohol 69% 68% 69 67%
Nat Distil 106% 105V* 105% 104%
Drugs—
Coty Inc 7% 7Va 7% 7%
Drug Inc ' 56% 55% 55% 55%
Lambert ... . . 38%
Lehn & Fink 22 21%
Zonite Prod 7% 6% 7V, 6%
Financial— ,
Adams Exp ... ... 13%
Allegheny Corp.. 8% 8% 8% 7%
Chesa Corp 51% 50% 50% 50%
Transamerlca ... 8% 8'
Tr Conti Corp.. 8% 8% 8% 8%
Building—
Am Radiator 18%
Gen Asphalt 21V,
Int, Cement .... 39 38% 38% 38%
Johns Manville.. 58% 57% 57% 57
Libby Owens Gls 32% 32 32 32%
Otis Elev 23% 23% 23% 23%
Ulen Const 5 4%
Miscellaneous—
Am Bank Note.. .. ... 26 25%
Am Can 95% 95V* 95% 95%
Anchor Cap 33% 33% 331* 22%
Brklyn Man Tr.. 40% 4040% 39%
Conti Can 64 63'/* 64 62%
Eastman Kodak ... 83
Owens Bottle ... 86 88V* 88% 89
Gillette 17% 17% 17% 17%
Glldden lei/i
Gotham Slik ... 15%
Indus Rayon ... 69% 70
Inter Rapid Tr.. 9% 9 9% 8%
Real Silk Hose.. .. ... 17a/* 17,^
Produce Markets
Delivered In Indianapolis prices: Hens,
heavv breeds over 4% lbs.. 10c; Leghorns.
7c. Broilers: Colored springers. 1% lbs
up. 14c; springers (Leghorn), 1% lbs. up.
lie: harebacks. 7c: cocks and stags. 6c:
Leghorn cocks and Leghorn stags. sc.
Ducks, large white, fuii feathered and fat,
over 4 lbs. 4c: small and colored. 3c.
Geese, full feathered and fat. 3c. Young
guineas, 20c; old guineas. 15c. Eggs—No I
fresh country run eggs. 12c. Each full egg
c ? s *!n mus * : 55 lbs. gross; a deduction
of 10c per lb. for each lb. under 55 lbs.
5i oss %, will n mado Butter—No. 1 27®
28c: No 2 26c. Butterfat—l9c. Quoted
bv the Wadlev Company.
BY UNITED PRESS
CHICAGO. July 7.—Eggs—Market, firm;
S9nl s „= unchan, i ed i° , 9C higher; receipts.
Tt, 2 . 06^ C ,^ S 1^ S: exlra ftrsts ' H‘4l4%c; firsts
rtir?if. 14 i V SS : cu n re . nt receipts 11%@>12%c;
? rt i? s, v. lO /4C Butter—Market, firm: %to
9(nV#i h^: receipts 15.072 tubs:; specials.
. a5 r, 2 , 5 , lC; ox,ra flrst s. 24®
ol C .;it flrst l 22%®23%c; standards. 25' *c.
ry T^ ar £e t| . easy; receipts. 60 trucks;
fowls, 12c. Leghorn broilers, 1%®12%c-
Leghorns. 9%c: ducks. 6® 10c; geese O l ,®'
i§r%o l i rkeys Au 10 ® lle; roosters. 8c; broilers
13®18%c Cheese— Twins, 13®13%c: Long
hprrrs. 13 i® 13%c. Potatoes —On tracK
144 arrivals. 9.7; shipments. 752: market
bfers. r: S2^52 5 75. n Bnd KanS3S Sacked cob:
In the Cotton Markets
—July 6
CHICAGO
High. Low. Close.
•J 3nu ® r V 10.96 ?0.68 10.96
arch 11.10 10.82 11.10
JUI \ _ 10 44
October 10.74 10 40 10^74
December 10.92 10.60 10.92
NEW YORK
J anua .ry 10.88 10.56 10.85
March 11.03 :0.71 11.01
July 10.34 10.03 10.34
October 10.65 i0.31 10.63
Decemwr 10.82 10.48 10.81
NEW ORLEANS
January i 0 ,75 10.55 10.55
March 10.91 1.0.71 10.71
May 10.84
Ju'y. 10.11 10.00 10.00
October 10 59 ’0.27 10.58
December 10.78 10.44 10.77
DOORBELL RINGER HELD
ON DRINKING CHARGES
Faces Several Counts After Arrest
by Police on North Side.
Herman Gauss, 35, of 645 South
Meridian street, was arrested early
today charged with drunkenness,
vagrancy, trespass, and resisting an
officer after a clash which followed
ringing the doorbell at the home of
John Morris, 2029 Highland place.
Morris said he asked Gauss what
he wanted, but received no answer.
He procured a revolver and told
Gauss he would count three and
then shoot. Gauss did not budge
and Morris fired a shot into the
floor, whereupon Gauss ran to the
street and dared Morris to come ou*.
Police said they found Gauss
hiding behind a tree in the rear of
2035 Highland place.
GIRL HURTJN CRACKUP
Frankfort Woman Driver Put Under
Arrest After Accident.
Mrs. Sylvia Grove of Frankfort,
Ind., was arrested Thursday night
on a charge of operating an auto
mobile without a license following
a collision with a car driven by
William C. Brandt, 3728 Guilford
avenue, at Walnut and Delaware
streets.
Miss Nellie Seilken, 22, of 4001
Guilford avenue, a passenger in
Brandt's car, was thrown out by
the impact and suffered severe scalp
lacerations.
uni]
July 7a
1754 Kity2's College,
New York (Columbia
University to you)
opened. y
i
tt9B T US. annexes (
Hawaii
advantages of west
crri civilisation
,a,r TTr . an d culture.
1915-US.goes nuts
over Hawaiian
* ukeleles.
DOLLAR DIPS TO
LOWEST POINT
. SINCEIB6I-64
Stocks Continue Move to
New High Ground on
Break.
Average Stock Prices
Average of thirty industrials for Thurs
day. high 105.56. low 101.21, last 104.98,
up 225 Average of twenty rails 56 82,
53 80. 56 38. up 2 02. Average of twenty
Utilities 37.00, 35.41. 36.52, up 86. Average
of forty bonds 87.31, up .58. Average of
ten first rails 92.11. up .59. Average of
ten second rails 76.04, up 1.18. Average
of ten utilities 94 05, up .44. A.erage of
ten industrials 87.06, up .14.
BY ELMER C. WALZER
United Press Financial Editor
NEW YORK, July 7.—SLocks con
tinued their move to new high
ground for two years today as the
American dollar broke to anew low
since Civil war days of 1861-64.
Trading was active with large blocks
appearing at the outset.
United States Steel opened at a
new high since 1931 at 65%, up 1%
on 3,000 shares. Other steels fol
lowed.
Motor Stores Strong
General Motors opened 10,000
shares at 32%, up % and anew
1933 high. Motor shares generally
were strong.
Railroad shares were in demand
again. New York Central on 4,000
shares made anew high at 57, up
%. Atchison bettered its 1933 high,
rising to 79 V4, up %on 1,000 shares.
Pennsylvania made anew top at
40%, up % on 1,500 shares. Other
rails were up fractions to a point.
Allied Chemical rose 1% to 132
on the first sale and moved up.
New Highs Are Made
Many other f ssues made new
highs for the year or longer, includ
ing Bethlehem Steel at 48%, up %;
Hudson Motors 14%, up %; Socony-
Vacuum 15%, up !4; Continental
Oil 19%, up %; Baldwin 17%, up %;
Montgomery Ward 28%, up
General Electric 26%, up % on 5,000
shares; Yellow Truck 7%, up %; and
Republic Steel 21%, up %.
American Telephone opened at
132, up % on 1,200 shares and then
made anew 1933 top at 133%.
Bank Clearings
INDIANAPOLIS STATEMENT
—July 7
Clearings $1,825,000.00
Debits 4,885,000.00
TREASURY STATEMENT
■ —July 7
Net balance for July 5 $872,878,009.68
Misc. inter, rev. receipts
for day 8.096.832.12
Customs rects, mo. to July 5 2,384,373.40
Foreign Exchange
(Bv Abbott. Hoppin & Cos.)
—July 6
Close.
Sterling. England $4.52
Franc, France 0532
Lira, Italy 0721
Franc, Belgium 1880
Mark. Germany 3210
Guilder, Holland 5410
Peseta, Spain 1120
Krone, Norway .2266
Krone, Denmark 2015
New York Curb
(By Abbott, Hoppin & Cos.)
—July 6
Close.l Close.
Alum Cos of Am 87%: Inti Ptrol 18%
Am Bev 3 I Lake Shore Mi.. 38
Am Ct P & L B 5% I Lone Star Gas.. 11
Am Cyan 8... 14% I Mount Prod ... 6
Am & For Pwr 12'4lNatl Bellas Hess 4%
Am Gas & El.. 45% ! Niag Hud Pwr.. 13%
Am Sup Pwr... 7%lPan Am Airways 46%
Ark Natl Pr A 3%! Parker Rstprf.. 51%
Asso Gas A ... l% Pennroad 5%
Atlas Ut Corp 18Vi 1 Pioneer Gld Mi. 12%
Axton 61 |St Regis Paper . 6'/8
Braz Tr -ti Lt.. 15%‘Salt Creek Prod 8
Can Marconi .. 2%!Segal Lock .... 1%
Cent Sts E 1.... 4 Std Oil of Ind.. 33%
Cities Serv .... 4%jstd Oil of Ky.. 18%
Com Edison ... 67%1stutz 16%
Cord 12% I Translux 2%
Derby Oil 2%!Un Founders ... 2%
Eisler Elec ... l%!United Gas 5%
El Bnd & Sh.. 38%iUn Lt &Pr A.. 8
Ford of Eng .. 5 I United Vorde .. 5%
Ford Mot Can. 12%iUtil Pwr * Lt.. 2%
Hud Bay Min.. 9 IWoolworth Lmtd 18%
Imperial Oil .. 14%!Wr Hargraves.. 6
Liberty Bonds
Bn t'nited Press
NEW YORK. July 6.—Closing Liberty
bonds: (Decimals represent thirty-seconds).
Liberty 3%s 132-47) 102.27
Liberty Ist 4%s (32-47) 102.8
Liberty 4th 4%s (33-38) 102.29
Treasury 4%s (47-52) 110.10
Treasury 4s (44-541 106.23
Treasury 3%s 146-56) 105.6
Treasury 3%s (43-47) 102.12
Treasury 3%s (41-43) March 102.13
Treasury 3%s (40-43* June 102.15
Treasury 3%s (46-49) 100.8
Treasury 3s (51-55) 99.2
Investment Trust Shares
(Bv Abbott. Hoppin & Cos.)
—July 7
Bid A*k
American Bank Stocks Corp.\.. 1.27 1.45
American Founders Corp 1.87 2.00
American & General Sec (A).. 5.50 6.50
Basic Industry Shares 3.74
British Type Inv Tr Sh 90 1.00
Collateral Trustee Shares (A).. 5.25 5.62
Corporate Trust Shares ioldi.. 2.45
Corporate Trust Shares tnew).. 2.67 2.73
Cumulative Trust Shares 4.55 ....
Diversified Trust Shares (A(.. 6.50 ....
Diversified Ts Shares (Bi 8 87 9.12
Diversified Trust Shares (C).. 3.52 3.70
Diversified Trust Shares <Di.. 587 6.12
First. Insurance Stock Corp.... 1.70 2.00
First Common Stock Corp 1.27 1.45
Fixed Trust Oil Shares (At ... 9.50 ....
Fixed Trust Oil Shares (B* . . . . 8.12 8 25
Fundamental Trust Sha°s (A) 4.70 ....
Fundamental Tr Shares (8i.... 4.60 ....
Low Priced Shares 6.87 ....
Mass Invest Tr Shares 20.12 21.86
Nation Wide Securities 3.90 ....
North Amer Trust Shares (19531 2 03
North Amer Tr Shares i 55-56).. 2.74 3 10
Selected American Shares 3.07
Selected Cumulative Shares.... 7.64 7.74
Selected Income Shares 4.11 4.21
Std Amer Trust Shares 3.30 3.35
Super Amer Trust Shares (A).. 332 ....
Trust Shares of America 3.32 3.37
Trustee Std Oil (At 5.50 562
Trustee Std Oil <B( 5.00 5.25
U S Electric Light & Pwr lA) .16.75
Universal Trust Shares 3.27 3.37
Bright Spots
Bv United Press
TERRE HAUTE. Ind., July 7.—A
25 per cent wage increase was an
nounced today by officials of the
Terre Haute Paper Company. W.
G. Clark, vice-president of the com
pany, said the action was in keep
ing with the general trend toward
better working conditions.
Dun & Bradstreet, Inc., reports
business failures in week ended
June 29 numbered 345, smallest to
tal since October, 1929.
G. C. Murphy Company reports
June sales of $1,808,328, gain of 21.2
per cent over June, 1932.
Alaska Juneau Gold Mining
Company reports June profit of
$137,400, against $128,500 in June,
1932.
Dun & Bradstreet. Inc., reports
bank clearings in week ended July 5
‘otaled $4,987,320,000. an increase of
3.6 per cent over like 1932 week.
W. T. Grant Company reports
June sales of $6,511,832, gain of 11
per cent over corresponding week
last year.
Reo Motor Car Company reports
June shipments of 30902 units, rise
of 45 per cent over June. 1932.
THE INDIANAPOLIS TIMES
Today and Tomorrow
It Would Be Dangerous to Continue Sessions of the
London Economic Conference.
BY WALTER LIPPMANN
LONDON, July 7.—The President's new statement helps to make some
what clearer to the London economic conference what are the pur
poses of his policy, and in some measure it mitigates the emotional effect
of the statement he made Monday. But it comes too late to revivify the
conference, and it lacks practical proposals which the conference could
discuss. Thus, whild the American position has been a little improved by
the statement, it provides no reason for reconsidering the opinion that
an adjournment is necessary.
The form of the adjournment is of secondary im
portance. What does matter is that 3.000 delegates and
experts with the spotlight of the world's press focused
upon them should not be held in London at a time
when they can come to no decisions on the questions
that concern them most.
It would be very dangerous to keep them here. The
decision not to stabilize the dollar now is. I think, a
wise decision. But the unstabilized dollar produces
effects from hour to hour in every market, in every cen
tral bank, and in every parliament, which make impos
sible a decision of monetary and tariff reform.
The struggle of the gold countries to remain on
gold, and the hesitation of the British government be
tween the Americans and the French preclude any calm
examination of plans for the future.
One might as well ask three men who are swim-
ming the rapids to pause in midstream and make plans for a bridge that
ought some day to be built.
The essential fact is that with the United States refusing to revalue
now, with France insisting on revaluation, with Britain waiting to see,
there is nothing to talk about in
London.
non
EVEN if we had formulated a
plan for a managed gold stand
ard, which, of course, we haven’t,
the plan could be discussed only in
the abstract. We should be com
pelled to refuse to discuss the gold
value of the managed dollar which
we are proposing to create.
Such an abstract discussion might
have its uses were it not for the fact
that the abstract discussion itself
would have enormous practical con
sequences in the gold countries.
They are trying desperately to
maintain confidence in the existing
gold value of their currencies. What
would be the effect on the people
of the continent and upon the cur
rency speculators if they saw re
sponsible ministers who had sworn
allegiance to the gold standard seri
ously debating a radically new mon
etary system?
The effect would be to convince
INDIANA STOCKS
AND BONDS
The following quotations do not rep
resent actual bids or offerings, but merely
indicate the approximate market level
based on buying and selling inquiries or
recent transactions.
—July 7
STOCKS
Bid. Ask.
Belt Rail & Stock Yards com 25 30
Belt Rail & Stock Yds pfd 6% 45 50
Cent Ind Pwr pfd 7% 13 16
Citizens Gas com 13 16
Citizens Gas Cos pfd
Home T & T Wayne pfd 7%.. 36 40
Ind & Mich Elec Cos pfd 1% .. 68 73
Ind Gen Service Cos pfd 6%.. 61 65
Ind Hydro Elec Cos 7% 27 30
Indpls Gas Cos com 40 44
Indpls Pwr & Lit pfd 6 % 59 63
Indpls Pwr & Lt Cos pfd 6%% 64 68
Indpls Water Cos pfd 5%.... 87 91
No Ind Pub Serv Cos pfd 5%% 37 41
No Ind Pub Serv Cos 6% 38 42
Nt Ind Pub Ser Cos 7% 41 45
Public Serv Cos of Ind pfd 6% 14 17
Public Serv Cos of Ind pfd 7% 37 41
South Ind Gas % El pfd 6%.. 64 68
Terre Haute Elec pfd 6% 40 43
BONDS
Belt R R & Stkyds 4s 1939. 88 92
Citizens Gas Cos 5s 1942 79% 83%
Home T & W 5%s 1955 95 99
Home T & T W 6s 1943 97% 101%
Indpls Gas Cos 5s 1952 83 86
Indpls Rys Inc ss. 1967 26 30
Indpls Water Cos 4%s 1940 ... 97% 101%
Induls Water Cos 5s 1960 92 96
Indpls Water Cos. 5s 1970.... 91 95
Indpls Water Cos 5s 1970 98 102
Indpls Water Cos 5%s 1954.... 98 102
Kokomo Wat Works 5s 1958... 74 78
Lafayette Tel Cos 5s 1957 82 86
Muncie Water Works 5s 1939.. 90 94
Richmond Water Works 1957.. 83 87
Terre Haute Water Wk 5s 1956 82 86
Terre Haute Wat Wk 6s 1949.. 92 96
Traction Terminal Cos 5s 1957. 42% 47%
Joint Stock Land Banks
Bid. Ask.
Atlanta sc?, 40% 43%
Atlantic 5% 46 49
Burlington 5% 37 40
California 5% 55 58
•Chicago 5% 26 29
Dallas 5% 53 56
Denver 5% 52 55
Des Moines 5% 50% 54%
First Carolina 5% 35 38
First Ft. Wayne 5% 52 55
First Montgomery 5% 38% 41%
First New Orleans 5% 37 41
First Texas 5% 49 52
First Tr Chicago 5% 55 58%
Fletcher 5% 69 73
Freemont 5% 58 61
Greenbrier 5% 58 61
Greensboro 5% 47 50
Illinois Monticello 5% 60% 63 %
Illinois-Midwest 5% 43 46
Indianapolis 5% 77 81
lowa 5% 57 60
Kentucky 5% 61 64
Lafayette 5% 50 53
Lincoln 5% 52' 55
Louisville 5 % 52 55
Maryland-Virginia 5% 67 70
Mississippi 5% 45 48
New York 5% 48 51
North Carolina 5% 40 43
Oregon Washington 5% 3R 41
Pacific Portland 5<% 47 50
Pacific Salt Lake 5% 50 53
Pacific San Francisco 5% 50 53
Pennsylvania 5% 53 57
Phoenix 5% 68 71
Potomac 5% 50 53
•St Louis
San Antonio
•Southern Minnesota 5% 15 18
Southwest- 5% 41 44
Union Detroit 5 Ur 51 54
Union Louisville 5V- 52% 56%
Virginia Carolina 5% 49 4fi
Virginia 5% 53 56
•Flat.
Marriage Licenses
Cortland W. Davis. 28. R R. 2. Box 544.
laborer, and Marie Elsie Stone. 27, of 1314
North Parker avenue, housework.
Marion F. Timson. 25, Caledonia, 0..
embalmer, and Sarah Leona VanAtta, 25c,
of 807 Coffey street, housework.
Harry Effineer, 54, 706 Eugene street,
machinist, and Lena Youell. 55. 210 East
Thirty-third street, saleswoman.
Adrian Lester LaFollette. 28. Ambassador
hotel, promotion manager, and Clara Mae
Kirtley. 23. 202 West Hampton drive,
housework.
Ora Hollingsworth, 57. of 957 West
Thirtieth street, retired soldier, and
Minnie Clark Krist, 35, of 1161 West
Twenty-eighth street, saleswoman.
Everett B. Smith. 47. of 1437 Lee street,
railroad man. and Neoma Bernhard. 35,
of 1858 West Morris street, clerk.
Gerald Ware. 26. of 6220 Broadway,
clerk, and Ruth Thompson, 18. of 12il
Hamilton avenue, housework.
Russell De Moss, 27. Indianapolis, labor
er. and Dorothy Brummett, 16. of 2519
Adams street, housework.
Russell Souder, 21. of 1705 East Minne
sota street, dairyman, and Mary Alice
Jones. 18. of 213 North Gray street,
beauty operator
Glenn Martindale, 21, Doans. Ind., con
tractor. and. Ruth Asdell, 19. Newberry.
Ind . housework.
Frank N. Linder. 52. 1434 East Tenth
street, grocer, and Nellie F. Rice. 44. 1240
Broadway, housekeeper.
Joseph Parker. 21. 1223 East Sixteenth
street, truck driver, and Eda Llavnon
Tl oeltke. 17. 1258 Roosevelt avenue, house
wo. "t
Delbert Ray Shearer. 22. Indianapolis,
insecticide compounder, and Alice Louise
Read, 18. R. R. 11. Box 25. clerk.
Births
Boys
William and Mary Rednour. 1926 Madi
son.
Girls
Frank and Maybefte Turley, Methodist
hospital.
Jessie and Frances Pitts. Methodist hos
pital
Cornelius and Lillian Packard. Methodist
hospital.
Cecil and Mary Funkhouser. 569 North
Belmont.
Oscar and Era Campbell. 1715 Dawson.
Beryl and Loraine Hill. 2045 East Forty
sixth.
Deaths
Vady Lorine Moore. 28. 1438 West
Twenty-third, anemia.
James V. Perry. 51. Methodist hospital,
lobar pneumonia.
s:ei!a Wilson 52, 1132 Lexington,
chronic myocarditis.
Jess Sanders. 64. city hospital, chronic
myocarditis.
Andrew P Wiltshire. 74, city hospital,
acute cholecystitis.
Gregory. 36. city hospital, acute
myocarditis.
Frank Boyd, 25. city hosiptal, myelitis.
ttm
them that their gold currencies were
doomed, and that conviction would
in itself immediately drive their
currencies off gold.
It is, therefore, impossible under
present conditions to hold the con
ference together for the purpose of
exploring the monetary reforms
which the President has in mind.
To think it can be held together
without producing even more seri
ous crises than it already has pro
duced is to misunderstand the ac
tual elements of the situation.
a a
FROM the American f>oint of view
the most desirable result that
might have been obtains a here in
London would have been to per
suade Britain and the sterling bloc
to adopt a policy of expansion.
The sterling bloc is more than
half persuaded. But while the con
ference is sitting, after the way the
issues have been joined, Britain
will not and probably cannot take
a position which would cause a
breach with France and her finan
cial allies.
Britain has to take into account
the political situation on the Conti
nent. But with the conference ad
journed, I tIV-i.k it reasonable to
hope that Britain before long will
take the path which her dominions
and the Scandinavian countries are
pressing her to take, and gradually
will move toward expansion.
We have, therefore, a better
chance of achieving our objective
by adjourning than by weeping the
conference in being.
As to the larger reforms, all that
safely can be said now is that the
President’s aims are supported wide
ly in the sterling bloc. How far
they will be adopted in the future
will depend upon many considera
tions, but foremost among them
will be the President’s ability to
translate his ideals into a definite
project.
He is not now prepared to do
that, and it will require months of
careful study to work out a plan.
Without such technical prepara
tion, the attempt to offer the con
ference a mere ideal could have no
result but to discredit the ideal.
(Copyright, 1933)
PLYMOUTH TO START
ADVERTISING CAMPAIGN
Automobile Officials Expect Huge
Demand for New Cars.
There still is a tremendous un
tapped market for new cars in
America, Chrysler, DeSoto and
Dodge dealers of the Indianapolis
teritory were told at a conference
with factory officials Thursday.
Announcement of a widespread
advertising campaign was made by
J. B. Wagstaff, Plymouth Motor
Corporation advertising manager,
who detailed Plymouth’s July and
August sales campaign.
The meeting is to be followed by
a week of special instruction for new
salesmen.
Daily Price Index
Bn Ini ted Press
NEW YORK. July 6.—Dun & Brad
street’s daily weighted price index of 30
basic commodities, compiled for the
Hnited Press:
(1930-1932 average, 100)
Today 103.90
Wednesday 101.70
Week ago 98.43
Month ago 91.49
Year ago 74.83
1933 High (July 6) 103.90
1933 Low (Jan. 20. 67.86
(Copyright. 1933. by Dun &
Bradstreet. Inc.)
Other Grain
TOLEDO CASH GRAIN
Bp United Press
TOLEDO. July 6.—Cash grain close:
Grain in elevation, transit billings. Wheat
—No. 2 red. $1@1.01%. Corn—No. 2 yel
low. 64%@65%c. Oats—No. 2 white, 48% (fit
49%c. R.ve —No. 2. 78<g79c. Track prices'
28%c rate: Wheat—No. 1 red. 970j98c; No.
2 red. 96@97c. Corn—No. 2 yellow, 60%0<
61c: No. 3 yellow. 59%'§60c. Oats—No. 2
white. 45%<ff47c; No. 3 white, 45f146c. To
ledo seed close: Clover—Cash. $7.75; Oc
tober, SBB. Alsike—Cash. $7.75: August.
SBB Toledo produce close: Butter —Fancy
creamery. 29c. Eggs—Extras. 14@14%c.
Hay—Timothy per cwt.. 70c.
ST LOUIS CASH GRAIN
Bn United Press
ST. LOUIS, July 6.—Cash Grain: 'Wheat
—ln good demand, steady to lc higher:
No. 1 red. Sl(fil.00%: No. 2 red. 98%cffi$l:
No. 3 red. 99)?99%c. No. 4 red, 98'*r98%c:
No. 1 red garlicky, 96c: No. 1 red. gar
licky. sl. light; No. 2 red. garlicky, 9%c.
heavy; No. 2 red. garlicky, 99c, light; No.
3 red. garlicky. 93%c. heavy; No. 3 red.
garlicky, 96c. medium; No. 4 red, gar
licky. 94%c. heavy; No. 4 red garlicky.
96c medium; No. 5 red. garlicky, 97%c.
light cockle; hard grades, steady to %c
higher: No. 1 hard. sl.%<ff 1,01%: weevil
and regular; No. 2 yellow hard. $1: No. 1
dark red. $1.02: No. 1 mixed. $1 and sl.Ol.
soft and hard: No. 2 mixed. 99(a99%c,
hard. soft, damaged Corn—ln good de
mand: l%'f?2%c higher; No. 2 mixed. 59c:
No. 1 yellow. 60%c; No. 2 yellow. 60%c<&
60%c; No. 3 yellow. 'i9'i®s9%c; No. 4
yellow, 57c; No. 6 yellow. 55®55%c, mustv;
No 1 white, 62c; No. 2 white. 61%c(??61%c
Oats—ln good demand; unchanged; No.
2 white. 4f%c: No. 3 white. 46%ifi47c; No.
2 mixed. 47c; No. 4 red, 46c. musty
CHICAGO FRUIT MARKET
By United Press
CHICAGO. July 7. Apples—lllinois
Transparents, bushel. $1(31.35. Rasp
berries—lllinois. Indiana and Michigan
reds. sl-50(31.75; Indiana and Michigan
Blackcaps. 90c(ff$l 10. Cherries—Michigan
sour. $1.25(31.50: sweet. $1.50411.75. Goose
berries—Michigan. $1.25(51.50.
Onion Market—Texas: Crystal White,
waxed, bushel. $1603 175: California Yel
lows. bushel. $1.253 1.40.
NEW YORK RAW SUGAR FUTURES
—July 6
High. Low. Close
January 1.59 1.55 1.59
March 1 64 1.60 1.64
Mav 169 1.86 1.69
July 1 50 1.48 1.49
September 1.52 1 48 1.52
December 1 59 1.55 1.59
NEW YORK COFFEE FUTURES
—July 6
RIO
High. Low. Close.
March 5.97
Mav 5,98 595 5.95
July 5.85
September 5.95 5 94 5 49
December 5.98 5.95 5.95
SANTOS
March 8.03 7.95 8.00
May 73. 8.01 7.96 7.96
September 7T. 808 8.05 8.05
December 8.06 8.00 8.04
WHEAT TAKES
LEAD AS GRAIN
FUTURES SOAR
Weather, Cable News and
Higher Securities Market
Aid All Options.
BY HAROLD E. RAINVILLE
United Pres Staff Correspondent
CHICAGO, July 7.—Wheat took
the lead as all grains shot to new
highs when the Board of Trade
opened today rising 1% to 2% cents.
Strength in stocks, weather and the
sensational rise in sterling that lifted
Liverpool prices around 5 cents in
American money brought in a tre
mendous volume of bujdng with
offerings limited.
Corn bounded upward but was
unevenly % cent lower to 1% cents'
higher. Oats gained % to % cent
and rye was 1% cents higher. Pro
visions were very strong.
Many * old traders feel that the
prolonged rise has weakened the
technical position of the market, in
view of the 12 to 13 cents gain in a
week, and are counseling caution.
Liverpool rose 4 to 4% cents by mid
afternoon on the sensational rise in
sterling.
Corn, it is felt, has a real founda
tion for bullishness. A late start
with no rains for three weeks, until
Thursday night’s good precipitation
in the western part of the belt, in
dicates a reduced crop.
Oats lost some of their snap
Thursday but buying continues good
on dips despite the fact of sharply
higher prices, which tend to ma
terially discount the short crop and
other factors.
Lippmann
Chicago Primary Receipts
—July 6
Wheat 994.000
Corn 1,779,000
Oats 467,000
Chicago Futures Range
—July 7
Prev.
WHEAT— High. Low. 10:00. close.
Sept 1.03% 1.02% 1.02% 1.00%
Dec 1.05% 1.04% 1.04% 1.03%
May 1.10 1.08% 1.09 1.07%
CORN—
Sept 67% 66% .66% .65y s
Dec 71% .69% .71% .70%
May 76% .74% .76% .75%
OATS—
Sept 48% ,47V* .47% .47%
Dec 50% 49% .49% .49%
RYE—
Sept .82% .81% .81 % .80%
Dec 86% .86 .86 .85
BARLEY—
Sept 61 .59%
Dec .64 .63%
CHICAGO CASH GRAIN
By United Press
CHICAGO. July 6.—Cash eratn close:
Wheat—No. 1 hard, new, 99ciSl; No. 2
hard, new, 98%@99c: No. 1 mixed, new,
98%c. Corn—No. 2 mixed, 58®59%c; No.
3 mixed, 56%@57c; No. 5 mixed. 51c; No.
6 mixed. 47c; No. 1 yellow, 60®60%c; No.
2 yellow. 59%@60Vic: No. 3 yellow, 59@60c;
No. 4 yellow. 57® 58c: No. 5 yellow, 53c;
60. 6 yellow, 47@49%c; No. 2 white. 60c;
No. 3 white, 59c; No. 6 white, 46c; sample
grade, 35®42c. Oats—No. 3 white, 44%®
45%c; No. 4 white. 43®;44%c. Rye—No
sales. Barley. 52@72c. Timothy, $3.35©3.65.
Clover. $8@11.25.
INDIANAPOLIS WAGON WHEAT
City grain elevators are paving 86 cents
for No. 2 soft red wheat. Other grades on
their merits
Sound Companj
STATE AUTOMOBILE
INSURANCE ASSN.
7th Floor Occidental llldg.
“A Good Place to Bank”
Marion County
State Bank
Northwest Corner
Market and Delaware Sts.
LOANS
AT REASONABLE RATES FOR
ALL WORTHY PURPOSES
The Indianapolis Morris
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We Buy and Sell
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PHONE Riley 6536
We execute orders in
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&
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Incorporated
Investment Counselors
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Suite 445 Illinois Bldg.
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109 N. Pennsylvania St.
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Indianapolis
GOVERNMENT
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LEASE BOTTLING PLANT
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Leasing of the former Anheuser-
Busch Company warehouse and
bottling plant. 924 East Ohio street,
by the Universal Beverage Company.
(buy BUILDING SLOAN NEWTON
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ARRANGE YOUR OWN
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Our CUMULATIVE INVESTMENT PLAN permits you
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transfers to Exposition. (5> Three general admission tickets to
Exposition. (6) A whale of a Chicago-by-night trip, including
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Complete details mav be obtained from
RICHARD A. KURTZ, MANAGER TRAVEL BUREAU
The leading Travel Bureau of Indianapolis
fIUNION TRUST*
120 E. Market St. RI ley 5341
Abbott, Hoppin & Company
203 Continental Bank Building
Rlley 5491
Indianapolis
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MEMBERS:
New York Stock Exchange Chicago Board of Trade
New York Curb Exchange Chicago Stock Exchange
New York Produce Exchange Chicago Curb Exchange
Commodity Exchange, Inc., N. Y.
New York Coffee and Sugar Exchange
Co-Managers
James T. Hamill Kenneth K. Woolling
Raymond D . Jackson & Cos.
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In these days of changing times it s well to take advantage of
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so you can set aside a part of it, you’ll find advice given by the
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for you to pursue as true as a compass.
The ability to do these things for you is based on our own suc
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problems with us, because we are here to help you in any way we
can.
FIDELITY TRUST CO.
148 EAST MARKET ST.
Active Trading in
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Municipal Bonds
Land Bank Bonds
Gravel Road Bonds
General Market
Securities
Pfaff & Hughe!
INCORPORATED
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SOUTHEAST CORNER, ILLINOIS AND MARKET STS.
Telephone Lincoln 2565
Chicago INDIANAPOLIS fort wayne
DIRECT PRIVATE WIRE TO PRINCIPAL MARKETS
JULY 7, 1933
Inc., was announced today. The
Universal company, now located at
601 Fulton street, will move about
July 15.
The company, which has been ex
clusive distributor of Budweiser
beer in Marion county, is spending
SIO,OOO on improvements on the
building.

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The Indianapolis times. [volume], July 07, 1933, Home Edition, Second Section, Page PAGE 18, Image 18
About The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965