davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
DOw-JOneS
Summary

New York Cables opened Ia London st
4.557s agaist 486; Paris checks. i]S;sO'
Amsterdam. 12.o57: Italy. s1-So. ana 6er-
lin. 1850.
Trico Products in six months earned
s3.05 share on unrestricted STOCK aRsins'
si.ss a share against s1.37 in previous
quarter and Sl.56 in June. 1880 quarter.
Lerner Stores Corporation In six months
earned s1.l4 a common share against sz.24
in first half Of 1880.
D. Fender Grocery Company declared tie
regular quarterly dividepd OF SIt7 cents
on Class A stock payable Sept. !. record
Aug. 20.
Borg Warner Corporation and con;
stituent companies. six menus enaeo
June 80 net Iroht t $500 ete Ais arainst
S2,S55.S71 in the first half Of 1880.
Pacific Lighting Corporation in twelve
months to June 80 earned 1897 common
share against s4.67 in the preceding year.
American Thread Company year. ended
March 81, 1881. net profit $3.50 0oS after
interest. depreciation. taxes oo o ana lnven6oTy
ing fiscal year.
North American Aviation. including in
months ended June so. shows net. profit
s54o. 41o after expenses and federal 1 taxes
Brokers' loans declined s26 900 900 IN
week to 1890 000. 600: nonbrokers loans
81 $40 per cent against "a $40 per cent
week ago and 80 $40 per cent a year ago;
He% 9 0d 81 Ta 7 Der cent No
announcement on rediScount rate now at
Ia per cent.
Engineers Public Service in twelve
months ended June 80 earned 81. COM
mon share against s2.67 in previous twelve
months.
Calumet and Hecla Consolidated Cop
per Company June quarter net loss
S5S3,547 after taxes. depreciation. de-
pletion. ETC., against net loss OF $685.
474 in previous quarter and net loss of
S155, $50 in like 1880 quarter; six months
net loss S1.3I9,O21 against net profit
S573 947 in the first half Of 1880.
Seaman Brothers. 4nc in 1bs year as sndsf
$5.55 in the previous year.
Daily average volume of Federal Re- Re-
serve Credit outstanding oo 6u LII week
crease Of $4,000, 900 from the previous
week but an increase Of 100000 over
like 1880 week.
New York, Chicago and st. Louis: omits
the regular quarterly dividend of Sl.50
each on common and preferred stocks
due at this time.
YOUNGSTOWN Sheet and Tube operating
at Al per cent against "a per cent
week ago.
Pittsburgh and West Virginia in six
months earned 81 cents a share against
$3.50 in the first half Of 1880.
Reliance Manufacturing Company of
Illinois six months net $1.03 common
share against AZ cents year ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
LIVESTOCK FREIGHT
RATE TO OHIO CUT
Charges From Texas to All Points
in Indiana Held Fair.
By United Press

By United Press
WASHINGTON, Aug. 1.-The in
terstate commerce commission Friday
ordered a slight downward revision
Of freight rates on carload ship
ments of cattle, calves and sheep
from FIT. Worth, Tex, to Cincinnati
O., and certain destinations in Ohio
The commissions order upheld as
reasonable present livestock rates
from Texas to all points in Indiana
and Ohio except Cincinnati.
Commissioners Brainerd, Eastman
and Lewis dissented, holding that
the rates should be further reduced
Eastman said the report preserved
on livestock the antiQuated and
obsolescent method of constructive
through rates between the west and
the east by combination of the Mis-
sissippi river"
This combination will be very
materially higher in level than the
eastern scale and even than the
western SCALE" Eastman wrote.
The rate from Ft. Worth, Tex, to
Cleveland, O., would be 70 cents
under the western scale rate bu:
SO cents under the approved combi-
nation rate. The rate to Columbus
would be Sc cents under the western
scale and 70 cents under the ap-
proved rate. The Indianapolis rates
respectively, are SO and 10 cents and
the Terre Haute rates, 81 and Sc
cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
|BrightSpotS
of Business

By United Press
NEW YORK. July 3I.-Steel
operations in youngstown district
increased 3 per cent this week to
IS per cent of capacity.
Endicott johnson Corporation re-
ported first half net profit of
81 1888, 752 VS.. s1,223, 236 in like 1880
period.
Keivinator Corporation second
quarter net profit totaled $1,714,40
VS.. S1,489,933 in like period last
year.
Shoe industry in Manchester,
N. H, increased operations this
week to go per cent Of capacity,
with many plants on full time.
Gatineau Power Company electric
output during May increased 20 per
cent over May, 1890.
Standard Cigar Company will re-
open its Breckenridge plant next
week on a full-time basis.
Fall orders for hats are much
heavier than a year ago, according
to Cavanagh-Dobbs, Inc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
SWINE DISPLAY
WEAKER TREND
AT CITY YARDS
Cattle Dull With Quality
Plain; Sheep Sell
Lower.
Hogs showed a somewhat weaker

Hogs showed a somewhat weaker
tone at the city yards this morning,
weights under 240 pounds selling
of 10 to 20 cents. Other weights
held steady. The bulk, 140 to $50
pounds, sold for So to $40; early
top holding at $40. Receipts were
estimated at 1000; holdovers
were 80.
No changes of Importance were
recorded in the cattle market.
Quality held plain. Receipts were
400. Vealers were SO cents higher
at SO down. Calf receipts were 500.
Sheep were weak to lower with
the bulk Of lambs selling at 81 to
So. A few made the market at
1925 to $3.50. Receipts were $500.
Chicago hogs, $4,000, including
1900 direct. Holdovers, 5000. Mar
ket very slow with a few early sales
on best light weights steady to
weak with Thursdays average;
180-200-pound weights bid $8.25 to
$8.35. Cattle, 5000, and calves, 500
Market steady. Sheep receipts,
5000 and steady.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
Personals

RHEUMATISM, muscular pains,
neuralgia and varicose veins can be
promptly relieved with a special
formula, Wintergreen Liniment.
Guaranteed to show results upon
the first application or your money
refunded; SOC and 81 bottles. Pre-
pared only by the B. M. Keene.
Drug Co., Delaware and Ohio sts..
indianapolis, Ind. Mail orders
promptly filled.
525 Lemcke Bldg. Ri. 1864: ewes. Hu. 5io7.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
RETURN 2 IN ROBBERY
Negro Pair Suspected AccompIices
in Walker Theater HoIdup.

rudolph Clay and Andrew ALI
son, Negroes, both Of Chicago, were
returned from that city early today
to answer to robbery charges in
connection with the s170 holdup Of
the Walker theater. Clay and Al
lison waived extradition. They have
been indicted by the grand jury.
-Four other Negroes await trial on
robbery and conspiracy icounts in
connection with the thesser holdup.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
BIZ United Press

EAST BUFFALO. July 3i.-Hogs on sale
lips; fairly active: mostly to packers gen
orally steady: bulk desirable 130-21O lbs,
s. So; 1898 ;8S; 25o-2eo-lb: butchers. $3.50. Cat
ter grades. s1.75@3: nothing done on
grassy steers. Calves-Receipts $40: near
$3.50; common and medium. s65Om8.25
Sheep-Receipts. $500: lambs. unevenly
253450c lower; medium and lower grades
draggY at full decline; good to choice. So
90; closely sorted kinds eligible to SO rs:
medium kinds and bucks. $7.2595; throw
outs, S66675.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
Special Notices

$4,000
Accident policy. 50 per year. Have you
nao your vacation? Do you expect 70
srayel2 Let US explain. II. 1852.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
By United Press

CLEVELAND. July l.-Hogs-Receipts,
1000; followers, 113; mostly SC lower; i60-
$50 lbs. sorts. at largely $3.50; packers,
S3Gs 40-lb. kinds around s65o07: widely
mixed, 255-lb. averages. S7.25. Cattle
Receipts. $50; steady but inclined to be
usually scaling 940-lo0s lbs, packers, me-
dunn. $3.50; medium. 640-lb. heifers. $685.:
COWS and bulls scarce, steady; calves. re-
able vealers. Slo61o.5o; occasionally high
er on best individuals; most plain vealers.
$3.50 down; best quality along with most
medium vealers, S8.506e. Sheep-Re-
ceipts. ego; steady to weak; most desir-
able lambs. SO down; packers. S925: quail
ity to sell SO downward predominating;
culls downward to SIS and under.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
Births

Arthur and Mary Raster, AIS South
Ritter
Carl and Orah Taylor. 1889 North
Arsenal.
John and Ellen Bader, 4os North Grant.
George and Florence Manship, st. Vim
cents hospital
Leland and Charlotte Carter, st. Vim
cents hospital
Raymond and Helen Mcvey. ST. Vim
cents hospital
Clarence and Nellie Maddox, st. Vim
cents hospital.
Earl and Una Dempier, COL st. Paul.
George and Maud Calvert, 802 East
Minnesota.
Boys
Robert and Janet Balm, 1929 CarroIlton.
Charles and Florence Price, 2735 North
Dearborn.
Fletcher
Myrel and Martha Lewis. SAL North
Hamilton.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
Legal Notices
BOARD OF zoNMG APPEALS

BOARD OF zONnSG APPEALS
NOTICE OF HEARING
Notice is hereby given that W NJ
Hubert has fled with the Board OF Zone
ing Appeals of the City OF Indiana polls.
requirements OF the Zoning Ordinance bv
erecting a two way double house az
6i0l-o3 Central avenue.
public hearing viii be held BIZ said
Board in Room 104, City Hall, Tuesday,
August 18th. 1881, at 2:30 D. m, at which
time and place all interested persons viii
be given opportunity 20 be heard in ref
erence to the matters set out IN said
BOARD OF zONING APPEALS
GEO. T. O'CONNOR. President.
II. B. STEEG. Secretary Engineer.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
Other Livestock
BIZ United Press

$50; market. Steady to I0c lower; i5O1220
lbs. S8.6068.85; 230-260 lbs, S7.75@8. IS;
heavier weights down to 81; 1OO-14O lbs,
sood mGSt p aS 70 SoTs
Receipts, 100; no early trading; calves,
receipts. 100; market, steady; choice veal
ers,, up to $3.50. Sheep-Receipts. 1880;
lambs. about Csc lower: good to choice,
6O-70-lb. lambs, s8@s.50; medium grade
down to $3.50
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01

Borg Warner Corporation and con;
stituent eompanIsss sig 6si T s99 end ds
probation, federal taxes, etc. against
S2,355,S71 in the first half Of 1880.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
Bu Times SDeci1l

LOUISVILLE. July .-Cattle-Receipts
$50 nominally steady; bulk slaughter
steers and heifers. SCOT; lower grades. 81
ranged downward to SIPS; bulls. 1904
lyesaoReceipts 200: steady; best yealers
$$T@ $50; medium; $5Q6. $50; culls: S. down
So 25; 220-290 lbs. ST so: 200 lbs up. 1925:
l40-16o lbs, $3.50; 40 lbs. down, 81; sows
S4.509 $50: stays 81 down. Sheep and
Receipts. !, 200; mostly SOC lower:
practical top .$7.7s; one outstanding deck
S8.25; buck lambs s625@6.75; light fat
$3.50 down; aged bucks. $161.50. Fri
days shipments: Cattle, "a; calves, 427:
hogs. none; calves, 169.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01

Bulls (yearlings excluded)-
Good and choice beefS 1000. 1000 4.I5
Gutter common and medium. 2.75Q 400
CALVES AND VEALERS
Receipts, 500; market, higher.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
Patents

SELL your patent or invention by exhibit
ing your model or drawing at the Second
EXPOSITION. CHICAGO. Thousands OF
manufacturers and patent buyers will in
spect new devices and patents for market
ing. Very low rates. II YOU have no
model. drawing and description will do
Send for free pamphlet. B. HAMILTON
EDISON. Managing Director. Internation~
al Patent Exposition. Merchandise Mari.
Chicago.
IF YOU DON'T FIND what YOU are ioOs =
ing for in the want ads today. It NAV
be adyertised here. tomorrow. Read Times
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
TOO LATE TO CLASSIFY

STOVES
One green and cream enamel
coal range, S45.
One cast iron coal range, $50.
One two-burner and one threes
burner coal oil stove, $40 and $lz
each.
One five-burner coal oil range.
$35.
One gas range, green and cream
trim, oven control, insulated oven.
sS5.
Unclaimed Freight Station !
Cor. Capitol and South st.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
SOVIET RECOGNITION
URGED BY THOMAS
Socialist Leader Also Cites Need OF
Debt Canoeing, Arms Slash.
By United Press

BIZ United Press
WILLIAMSTOWN, Mass, Aug. /.
Recognition of Russia, cancella-
ton of war debts and the sue
cess Of the next disarmament con-
ference at Geneva are the three
factors most necessary for world
peace, Norman Thomas, direc-
tor of the League for Industrial De-
mocracy, said Friday in an address
at the Institute of Politics.
The United States is preventing
the accomplishment of the first two
items, while France is the STUN
bling block in the third, Thomas
said.
A different view of disarmament
was expressed by Frank H. Simonds,
writer on foreign affairs, who said
that with the world in its present
state, disarmament might lead to
armed conflict.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
RnEnited Press

EAST ST. LOUIS. Ill. July s1.-Hogs-
Receipts, $500; market opened 10615c
lower; later bids of more; pigs and sows,
l5@25c lower early sales l40-210 lbs. 1870
6S.10; scows largely $4.5065.75. Cattle
Receipts. 1000; calves-ReceiptS. 700; mar
net very lew On salg5 ass srgaGy tsa no
$5.25: some cows, s3.5o@4.50; low cutters.
S1.7592.25; vealers, $50; not enough sales
Receipts. $500: market Steady; lambs to
packers, ST to mostly. SIPS: cut lambs. Sc
Q6.25; throwouts. 81: fat ewes SO down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
Deaths

ALVIN Billiard. Al. Methodist hospital,
accidental
Nicholas j. Carroll 81. st. vincent's
hospital, dibetes mellitus
Max 1. Engelman, 80, $50 South Penn
sylvania, chronic nyocarditis.
carcinoma.
George Bork. 81. 1924 Orange, carcinoma.
Goodman Simon. 80, Christian hospital,
chronic myocarditis.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
By United Press

CINCINNATI, July 1.-Hogs-Receipts.
1,40O; held over. 900: slow. mostly steady;
ass; two loads and a few lots Of out
standing ITO to around 190-lb. averages to
shippers 10c higher. at $875; medium and
$40 lbs. $6.5O@7; 12o,16o lbs mostly So;
ceipts. 400; calves 900; very slow. steady
to weak; spots Csc lower on heifers; COM
mon and medium grass steers and heifers.
nothing here of value to. sell above: bulk
beef cows. $3;75@4;75; low cutters and
cutter COWS. $2@350; practical top bulls.
lower: good and choice $500; lower
grades. So down. Sheep--Receipts. 400;
lamb trade highly irregular; unevenly soc
to 75c or more lower; most local interests
refusing to pay over $Sd8.50 on better
grade eve and wether lambs: several decks
On Shipping account. So; throwouts in very
narrow demand at S5@5.50; sheep steady;
fat ewes, S262.5o. largely.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
Forger Seeks Capone's Aid

FRANKLIN, Neb., Aug. Rob
ert Van Allen, held in the county
Jail on charge of forging a check
for SIC, has written to Alphonse
(Scarface AID Capone Of Chicago,
asking for aid.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
New York Curb Market
by Thomson & McKinnon)
Cash Grain
July 81

July 81
The bids for car lots of grain at the call
of the Indianapolis Board of Trade. f. o. b.
Shipping point basis ALEC New York rate.
were: Wheat-Easy: No. l red. 4o@42c;
No. red, 39M41c; No. 2 hard, 39M41c.
Corn-Easy; No; white: 5o995Ic: No; 3
yellow, 47@48c; No. 2 mixed, 46@47c; No. 3
mixed, 45@46c, Oats-Easy; No; white,
Steady IF. o. b. country points taking
231ac or less rates to Cincinnati or Louis
villel No. / timothy. $12,5O@1S; No. 2
timothy. $1111l.5 So No. 3 timothy, 500
1880: No. ! light clover mixed. 10000
Il: No. / clover mixed, $10@10.50: No. l
clover hay. $8.50@9.
Inspections
Wheat--No. 1 red cars; No 2 red. SO
cars: No. red. ~ cars: No. 4 red car;
No. / hard, cars; No. 2 hard, Z cars; No:
l mixed, ! car; No. mixed; cars. Total
SO cars. Corn New; No 2 white. / car;
No. ; white, 9 cars: No. Z white 2 cars:
No. 3 yellow. cars; No, 4 yellow. cars:
No. yellow. cars Total. 20 cars. Oats
mo. 2 white. Is cars: No. white IS
cars. Total. SO cars.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
limited Press

CINCINNATI, July -Butter-Steady
creamery in tub lots according to score
21@23c: common score discounted 2@3c,
5, &c; butterfat, 2I@2Sc. Eggs-Steady;
cases included: extra firsts. 2f1ac; firsts
Ice; seconds, 141ac; nearby ungraded, 1ac
Live poultry-Thin and coarse stock sell
only at heavy discount; fowls, lbs. and
over, 2112c: lbs. and over, 21c; 3 lbs.
and over. 15c; Leghorn. 3 lbs. and over,
and over. 29c; ia lbs. and over, Csc; 2
lbs. and over, Csc; fryers. 3 lbs. and over,
26c;. partly feathered, 15@20c; Leghorn
over. 21c; lbs. and over, 21hc: black
spriugers zoe
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
BIZ United Press

TOLEDO, July si.-Hogs-Receipts $50;
market, steady, heavies, s6.50G6.eo; me-
diums. s7.z0G8; workers.. $7.5on7.75; pigs.
S7.5067.T5. Cattle-ReceiptS, light; mar
ket. steady; calves. receipts. lights; mar
ket, steady. Sheep-Receipts, light; mar
ket steady
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
Net Changes

By United Press
NEW YORK, July 31.-Closing
prices and net changes on principal
stocks traded today on the New
York Stock Exchange follow:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
STOCK SHARES
WEAKEN AFTER
INITIAL UPTURN
Probe of Recent Tobacco
Hike Is Reported at
Washington.
Average Stock Prices

Average Of thirty industrials for Thurs
gay was 1899 up e. Average Of twenty
utilities was 56.23 Up 25 Average Of
forty bonds was 95.22. of IL.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
By Times Special
| By United Press

5o#e; No. hard. So@5o&cc;; No No: hard hard
6s o4n 4SSc Ne T6,xed P 99 NJ 5okg
9N @7lc; No. Q yellow. 67@71c: No. s
yellow; 5SA @60c;. No; 5 yellow. Sic; No.
grade, ACC. Oats-No. white (old5. 24sz
@2513c: No. 2 white new. 21A @22c: No.
8 white new. 20Q2o2c. Rye-No. 2. Ale.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
New York Stocks
Runnited Preas
IBY Thomson & McKinnonI :

y y UWIttN z To
NEW YORK, July 81. Sales on
the New York Stock Exchange to-
day totaled 100000 shares; Curb
stock sales totaled 10000 shares.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
Bal united Press

FIT. WAYNE. July st.-Hogs-Market u
@20c lower; 1o0-l4o lbs. $3.50; I4O.-16C
lbs. SITS; l6O:l8O lbs, $40; 10000 lbs.
S2o-23o lbs. $3.50: 2So-24o lbs. $3.50; 240-
$50 lbs. S7.45: 25o-26o lbs. S7.20; 2s0-27C
lbs. 81; 270o2So lbs: s6;s5; 2so-2so lbs
roughs. s4.25; stays, s3.25; calves. g.
lambs, S7.25.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
New York Bank Stocks
(By Thomson & McKinnon)
Tiilv al
Local Wagon Wheat

City grain elevators are paying 36c for
No. 2 red wheat and 55c for No. 2 hard
wheat
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
BIZ United Press

TOLEDO, o., July s1-Close: wheat
No. 2 red, -441a case No: red, l cent
premium. Corn-No 2 yellow, 55a@56Iac:
white, 21@25lac; No. 8 white, 1872 G2slac.
Cloyer-Prime $3.50; Oct, $3.50; Dec,
$1375. Alsike-Cash. $8.65; Aug, s865
Dec. $3.50. Butter-Fancy creamery, 276
2Sc. Eggs-Country run, 18@22c. Hay
Timothy per cwt, $i25.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
BY ELMER c. Waller
United Press Financial Editor


dividend changes. together with
fears of further cuts and omissions
by other corporations, influenced
trading on the Stock Exchange to-
day. A number of issues met heavy
pressure. A few others rose against
the general down trend. Toward
the close prices were rallying Slight
ly from the early lows, which rep
resented losses ranging to points
According TO preliminary calcu-
lations the Dow, Jones & Co. indus
trial average declined 1.57 points to
1886; rail average was off LIS
points at 1874 and utility average
was off 036 points at 55.87.
Sales totaled 100000 shares,
compared with 100000 shares
Thursday
Nickel Plate Crashes
Omission of the common and
preferred dividend by New York,
Chicago e. st. Louis railroad
(Nickel Plate) brought unsettlement
into the carrier group where Nickel
Plate preferred plunged down 201A
points to a record low at 3512. The
common dropped six points to &c,
within point of its record low
made Thursday when the issue
dropped 10 points. Nickel Plate
bonds made new lows.
New York Central which did not
come within a long distance of earn
ing its dividend in the first six
months of this year, was driven
down to 1872, off "a and within 2
points of its low since 1921.
Wide losses were recorded in
Atchison, Union Pacific, Rock
Island and Chicago Northwestern,
the latter equaling its low for the
year.
Fear for Dividends
Heavy selling came into j. I. Case
on the theory the dividend would be
reduced. The stock made a new low
at 81, off 61a points. Traders were
Influenced in their selling to some
extent by the break in wheat where
the July and September positions
made record lows.
American Can made new low
for two years on further liquidation
based on reduction in operations re-
fected in the decreasing demand for
tin plate.
Tobacco shares were hammered
down on news the department Of
justice was to investigate the unani-
nous and similar price advance by
the leading manufacturers of Gig
arets. American Tobacco issues
broke sharply and smaller losses
were recorded in Lorillard, Liggett
81 Myers and Reynolds tobacco is
sues. The foregoing companies were
the ones making the price advances,
which, according to estimates. added
some $40,000,000 to revenues at a
time when prices of tobacco were
declining.
Steel Closes OFF
United States Steel ranged be-
tween 1872 and 8612, and closed at
o01s, OH % net. some DeIated SELL
ing on the dividend cut of last Tues
day from 81 to 81 was responsible
for the afternoon weakness.
Bethlehem Steel, whose report
Thursday was better than antici-
pated, opened with q gain of more
than a point on 5000 shares, adj
vanced further and held rs of the
gain 20 close at 367s.
Utilities moved in a relatively mar
row range. American Telephone lost
more than points for the day and
International Telephone a point.
Consolidated Gas held we'll while
Electric Power and Light made a
small gain.
Cotton futures broke to new lows
since 1915-1916 as the 1930-1931 sea-
son came to a close.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-01
By United Press

CHICAGO. July 31-Egss - Market.
steady; receipts. 1852 cases. extra frsts,
1612c: seconds, 1261312c Butter-Market,
steady: receipts. 5000 tubs: extras. 241zc;
onds. l9@2Oc standards. 2494c. Poultry
Market. steady; receipts. 2 cars: fowls
2O@2lc;. springers, 27@29c: LeghoTns. I5c;
l8c; ROSTERS, 13c; broilers. 2 lbs. 23024c;
broilerS under lbs. 22@24c; Leghorn
broilers. 10000. Cheese-Twins 1870
1890: Young Americas, 14614Ac. Po-
tatoeS-On track. 23e: arrivals. 80: ship
ments. 324: market. weak; Missouri sacked
s1@l.o 5; East Shore Virginia barrels. s2.35
Q2.50.