davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07

chalk off Howard county, the home
Of Friedrich, and Fayette county
residence of Jim Carpenter, chief O.
the auto license bureau. and also
a head man of the opposition.
Al Clark. of Cayuga, another OF
the "antis," apparently won only 4
Of the 9 votes in Parke county and
from all indications, even if the Nc
Mutt forces are stretching the bow
bit, he evidently has the nomina-
ton safely tucked in the pocket OF
his weSkit.
The "antis" thought they had the
former legion commander on the hir
when he did not send an enswer to
the QUESTIONABLE of the Municipal
Rights League, which is fighting the
utility gouge in the state.
But three Or four days later. Nc
Mutt crashed through with a state
ment which was published all bv it.
self and got him wad OF favorable
publicity.
Now a little bird, the same one
mentioned so frequently, whispers
that McNutt sent his answer to H
Karl Volland, mayor of Columbus
and acting president Of the league
and not to Jap Jones, its publicity
man and employe of the secretary
of state, and thus fooled Jap, who
was going to lump it with the rest
Of the answers.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
PORKERS SHOW
STEADY TREND
AT CITY YARDS
Cattle, Calves Unchanged
at Previous Levels; Sheep
UndeveIoped.

Hogs we're steady this morning at
the city yards, prices in line with
Thursdays average on all classes
The bulk, 100 to $50 pounds, sold
for $685. TO s3.75; early top hold
ing at s3.75. Receipts we're esti-
mated at $500; holdovers we're PAS
Cattle we're steady and strong.
Receipts were 400. Vealers held I'M
changed at So down. Calf receipts
were 700.
Sheep were undeveloped with in
dications steady. Receipts were 400.
Hogs at Chicago displayed an I'M
even trend at the opening with
asking around to 10 cents or more
higher than Thursdays average.
Few early bids a d sales held fully
steady. The bulk, 100 to 200 pounds,
were bid s375; best kinds held
above s3.85, while choice of $50
pounds sold at $3.50. Receipts were
estimated at 10000, including 10000
direct; holdovers 5000. Cattle re-
ceipts 1000; calves 500; market
steady. Sheep receipts 10000; mar
ket strong.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
'THEYOTELL Ne ~ !
gaDAfr~ fAIU964N

A LII these conflicting reports and
"A claims are enough to make you
feel as if you were caught in a re-
volving door.
A half-hour ago headquarters of
the John Friedrich campaign for the
Democratic nomination for Gov
ernor reported that their candidate
made large gains in delegate
strength in Tuesdays primary.
Now. along comes Judge Posey
Kline of the appellate court with a
chart showing that 1,169 delegates
pledged to nominate Paul v. Nc
Mutt were elected in the same event.
II that be true, then it's all over
but the shouting, so dust off the old
bandwagon, coachman, and all the
boys" will climb aboard.
Seven hundred eighty votes will
do the nominating in June, and
on the basis Of Judge Kimes claim,
McNutt can spot Friedrich 38e Of his
own pledges and still win.
The McNutt managers assert that
their total is based on reports yhich
do not include 100 pledged delegates
elected in Marion county.
Here is how some of the big
counties stacked up in their claims:
Lake county gives McNutt so Of
the 81 delegates selected; Wander
burgh gives all So: Allen. 49 o; the
50: Knox, the entire 20; Wayne, en-
tire 20; Madison, entire IS, and so
on.
Vigo county, with a favorite son
candidate in Mayor Wood Posey,
gave McNutt 20 Of the IS in the
delegation.
The only severe setback seems to
have occurred in st. Joseph county,
where the courthouse group, headed
by Chester Montgomery and Rudy
Alderman, leaders in opposition to
McNutt anE' State Chairman r. Earl
Peters. bested the city hall gang.
headed by Mayor Riley "Dapper"
Hinkle. and the law school dean
only got 10 of the delegation of 81.
The McNutt leaders. Of course.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
SOVIET BUYING
SENDS WHEAT
PRICES HIGHER
Corn, Oats Firm Up With
Major Grain at Close
of Day.
BY HAROLD 4. RAINVILLE
United Press stan Correspondent


CHICAGO, May 6.-Led by May,
wheat moved up briskly near the
close on the Board OF Trade today
on short covering. The market was
erratic and unsettled most of the
day. Reports that Russia was in
the market after more wheat and
the firmneSs in stocks caused shorts
to cover while the shooting of PreSi-
dent Doumer of France was causing
some uneaSineSS.
Trade was fairly active on the
way up. Corn firmed with wheat
and oats also gained strength. both
finishing with net gains.
Close Is Higher
AT the close wheat was TO Is
cents higher, corn was = to cent
higher. and oats. s to 2, cent high
er. Rye was = to 2is cents higher.
Provisions were dull but firmer.
Liverpool strengthened on a bet
ter demand and finished Ia to las
cents higher. Vancouver reported
an active export trade with the
Orient. The better action in stocks
early had no effect. Cash prices
were = to IL cents higher. Re
ceipts we're II cars.
Corn Tone Firm
Corn displayed a somewhat firm
er tone than wheat early and held
gains of Is to q cent at midses-
sion. Sales to go east we're $4,000
bushels against bookings OF only
1000 bushels Cash prices were p
to ? cents higher. Receipts were
90 cars.
Oats were firm, but showed no
disposition to move from the pre-
vious close, standing unchanged to
Is cent lower at midmorning. Trad
ing was quite dull Notwithstanding
a good cash demand. Cash prices
were unchanged to = cent higher.
Receipts were 20 cars.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
Cash Grain

Nay s.
The bids for car lots OF grain at the call
OF the Indianapolis Board OF TRADE. = O.
Rate. @ere. -. -. u
Wheat-stronz: No. red. .46iz a &c:
No. red. 45izd46i7c: No. ? narc. sac
46izc. :.
Corn-strong: No ? white. 24d Csc: No.
white. 23N 74c: No ? yellow. p Z zfize;
22t5 q 23izc: No. mixed, 2ilzm ~ &C
Oats-StroGg. No. white. lsNzoc: No
white 18Qlec
takin9 1850 or ,ess rates 70 Cincinnati or
Louisvillel No / timothy. s7G7.50; No.
timothy. s6Me.5o.
-Inspections-
wheat-No. ? red. cars: No } red. ?
cars. Total cars.
car. No z yellow. cars. No. yellow.
Z cars: No yellow. car: No. mixed.
: cars Total. p cars
Oats-No > white. cars. No. white,
IL cars Total. IS cars.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07

Wright AeronautieaI Corporation in
March quarter earned IS cents n share
against net loss OF S356.s5o in March
1881 quarter.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07

curtiss Aeroplane a. Motor Co. in March
quarter showed net pront OF SOC. 700 after
all charges. against net loss OF S4o,olo IN
March 1891 quarter.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
Fishing the
Air

The story OF the discovery OF the cure
or treatment OF pernicious anemia BY Or.
GEORGE Minott will be dramatized in "Ou:
OF the Darkness during the Dancer
Fighters program Saturday. at D. m.
over WHAS and NBC network.
BartIett's "a Dream and "Tom
Thumbs Dream" are to be PLAYED in
rhythmic style BY Ben SeIvin's orehes-
ira in the Dance With Countess D'Orsay
program over wLw and NBC network
Saturday. at $50 p NJ
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
DOW-JOneS
Summary

Hathaway Bakeries declared a dividend
OF 37ie cents on cumulative IS class n
stock. against rs cents quarterly pre-
yiously.
Federal screw Works in March quarter
reported net loss amounting 20 sloi'fs9
after all charges.
vadsco Sales CORPORATION and subsidl-
aries in quarter ended March 81. 1882
reported net proft Of ss3.ii4 after re-
probation federal taxes: etc. against $40
063 in first quarter OF 1881.
Aluminium Industries ms. declared a
quarterly dividend OF i2i2 cents; against
IS cents in previous quarter: diyideno pay
able June IS. OF record Nav 81.
United Aircraft and Transport CORPORA
tion in March quarter earned II cents a
common share. against 80 cents in March
1881 quarter.
Montgomery Ward sales in April
amounted to S16.16s.44s in April. 1884,
a decrease of 21.3 per cent; four months
amounted to S54.e13.952 against $5O,o2i,-
7s5. a decrease Of 22.6 per cent.
quarterly dividend Of rs cents on common
. stock. payable May 20, OF record May 10.
American Radiator declared the regu-.
lar quarterly dividend OF sl.75 on pre-;
.ferred stock. payable June !. OF record
May l6.
Zinc stocks in United States at end OF
April totaled 1872 025 short tons. against
100 451 at end OF March and 1929 at
end Of April, 1881.
Curtiss Wright Corporation in March
quarter earned IS cents on Glass stock
against net loss Of s1,Oss.lel in March.
1881, quarter.
Standard Power and Light Corporation
in 1881 earned 81. SO a share on combined
common shares, against $3.50 In 1880.
Grand Union Company in quarter ended
April 2 1882. earned 81 cents a common
share. against 4e cents in like 1881 ouarer.
curtiss Aeroplane a. Motor Co. in March
quarter showed net pro1t OF 19b.IOO AFTER
ali charges, against net loss OF S46,olo IN
March 1881 quarter
Wright AeronautieaI Corporation in
March quarter earned IS cents n share,
against net loss Of s356.s5s in March
1881 quarter.
rank Of France statement as Of April 29
shows gold at n, s62. ooo. 900 francs, against
III 4a0 200 600 on April %; circulation 81
ma 600 600. against 81. i45. 000, 900: ratio
1888, against 7o.2i per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
NEW YORK COFFEE RANGE
Nav &
volunteer Komen al the head .

Volunteer women at the head Of
ward organizations of the Marion
County Association for Tax Reduc-
ton. Will be guests at the first of
a series Of Modern Boston Tea
Parties" in the meeting room Of
the association 709 Continental
Bank building. sNonday afternoon
at 2:3o. -
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07

SATURDAY
100 P. NJ
WsM isSol-Craigs orches-
I ira. songs.
IS p. M
EYw i020l-Maupin's or
chestra.
CHS Shilkret'S orchestra
and Ruth EttinE
lWGN t720l-Roberts' or
I chestra.
{ NBC-Dance orchestra "a
WEAF.
lwJR l75ol-Rhvthm Club.
MIC Male quartet 20 WIZ.
WSM i650i-Barn dance.
-S:i5 p. NJ
CBS-Publie Affairs Insti-
NRc@snoOD & Peep to
wMAo Cs7ol-PaEes from
Life.
$50 p. NJ
WBBM f770l-RusSo's and
Specht's orcheStras.
WGN f720i-Lawrence SAL
emo and orc hestra.
NBC-Planist and organiSt
to WIZ.
WMAO t670l Stamp talk.
dance masters.
Sis p. NJ
CHS Street Singer.
NBC-McCravv Bros. 10
% ?. M
lKDKA f9s0i-Sports. news.
KYW 1O2Ol-SportS. news.
iCBS-Redman's orchestra.
NBC-RuSs Columbo and or
chestra to WEAF.
'WGE l20l-Musical Mosaics.
Dream ship.
MIDSUMMER music 10
WIZ.
|NBC-Amos n ANDY to
WldAQ. WDAF. WSM.
WIS. WSB. KTHS.
-9:I5 P. NJ
.KDKA fos0l-Messages TO
explorers.
NBc.Jesse Crawford to
WTMJ 1920 Sports.
$50 P. M
KY w102Ol-Padded Fists
CBS-Morton Downey TO
SUNDAY
$3.50 p. M
WMAQ f670) Sunday Eve
ming Club.
-6:45 p. M
CBS-Angelo Patri.
- p. NJ
CBS-Belle Baker and
Denny's orchestra.
WBBM (77O)-speed De-
mons.
NBC-Our Government to
WEAF.
lib p. M
NBC-Music Album. Frank
Mum. tenor to WEAF.
NBC-Stag Party TO WIZ.
-7:39 p. M
CBS-Sosnik's band and
male quartet.
-5:45 p. M
NBC-Black's orchestra. rev
elers quartet to WEAF.
NBC-Making the Movies to
WIZ.
wSM ls5Ol-services.
s. p. M
CBS-Variety show.
WGN t720i-Studio.
MIC" What Would You
Do?" to WEAF.
-S:15 P. M
KYW Go20l-Terrace Gar
den orchestra.
WENR tS7oj-Edison SYM
NBC-Orchestra award pro-
gram to WEAF.
NBC-Old Singing Master to
WIZ.
$50 p. M
CB3SS-Ziegfeld radio show to
WBBM t77O)-Coon Sanders
orchestra.
-S:f5 p. M
.NBC-Gibson ensemble to
wNAQ Cs7O) - Dramatiza-
WSM $500 - Little SYM
phony.
% p. M
.KDKA (98Ol sports:
weather: studio.
.CBS-The Gauchos.
.WGN t720l-Studio; Dream
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
Other Livestock
BIZ United Press

By United Press
EAST BUFFALO, May 6.-HoEs-On sale.
2. 800; weights above $50 lbs. active, mostly
to packers: steady with Thursdays un-
s4.i0: 225-235 lbs, 81: 240-260 lbs. 50. l5d
500: pigs quoted s3.75d3.so. Cattle-Re-
CENTS Is: cows predominatIng, slow. bare
" Steady: cutter grades. Si.50M250; calves.
receipts, 75O: vealers rather slow. generally
steady: good to choice. Sc; common ana
medium, s3M450. Sheep-Receipts. 300;
lambs unchanged: quality and sorts con-
sidered. good to near choice clippers.
s625a6.5O; medium kinds s5.75; choice
woolskins, s735; odd lots good native
Springers S6.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07

BIZ United Press

TOLEDO. Nav 6.-Close: Grain in
elevators transit billing wheat-No. 2
re, 57@5sc. Corn-No. , yellow. 34ism
35isc. Oats-No. ? white. 26isI27iac
Rye-No. ?. a. H45i &C. Track prices. 2siac
rate. Wheat-No 2 red. 52T52i,c. No
/ red le premium: No. red = to &c dis
count; No. red 2isn4c discount. Corn
No yellow. 300 30iac No yellow. 29Gf
29izc. Oats-No. ? white. 23faM25c: No
, white. 22i2N24c. Cl0ver-Prime. 50
Alsike-Cash. S3.75 Buttcr-Fancy cream
cry prints. 23@ 24c Eggs-Extras. i2m
i2l1c. Hay-Timothy per cwt.. s0c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
HIGH SPOTS OF SATURDAY
NIGHTS PROGRAM.

4:45-NBC and CHS Kentucky
Derby.
s.00-Columbia Laboratory Ex-
pertinent series
MIC fWEAFt-Ely Culbertson,
bridge lessons.
-Columbia-Abe Lyman and his
orchestra.
s:sO-columbia - Life Stories Of
movie stars.
7.oo-NBC fwEAFl-"R-7" Secret
Service spy story.
7.3O-NBC CwJZl-First Nighter-
Southern Belle"
-Columhia-Music that Satisfies
Ruth Fitting: Shilkrets orches-
ira.
MIC CwEAFl Dance orches-
ira.
s.fS-columbia Public Affairs IN
stlrute.
io:oS-NBc CwEAFg-Buddy Rogers
and orchestra.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07

$50 p. M
iNBC-Johnnv Hamps or
chestra 70 WEAF.
iWJR f7sol-The Mummers.
iNBC-Piano Moods to WIZ.
WIS $50 Barn dance.
IWALAQ l670l-Dance masters
-9:45 p. M
WON fT2Ol-WayEe King 5
orchestra.
lNBC-Ted Cook and orches-
( ira 70 WIZ.
10 P. M
lRYW (iO20l-Aaster's or
chestra.
lCBs-Lombardo and ROYAL
Canadians.
lNBC-Budcv ROGERS orehes-
ira 70 WEAF.
WJR f750i-Radio Reporter.
String PickerS.
INBC-Funk's orchestra 10
wMA0 fs7ol-Dance pro-
gram u hours.
WTAM fiO70l Sports:
dance orchestra.
WTMJ (62ol-Dance orches-
ira.
-10:15 p. M
WGN l720l-Ted weem'S or
chestra.
-1O:30 p. M
CBS-Stern's orchestra.
NBc-Jordon's orchestra to
lNBC-ARnews orchestra TO
WIZ.
-i0:45 r. M
WON f7zDi Roberts and
Kays orchestras.
Ill T. M
KY wnO2Ol-Psnioo's or
KsTP ll4eol-Dance pro-
wBBM C77O-Around the
town.
wENR (s7O)-Hines' orehes-
ira.
-1i:30 p. M
WENR ts7Ol-Master's or
chestra.
-li:ts P. NJ
WDAF t6i0l - Nighthawk
frolic.
- r. NJ
wJR ESQ., - Happy half
hour.
-9:15 P. M
MIC - Dream Singer to
WEAF.
wMAQ (6701-Auld Sandy.
WSB t740l-Local features
WTMJ t620)-Sports; Polish
hour.
$50 P. M
KYw Ci02Ol-Sports: news:
Masters orchestra.
.CBS-Melodies.
NBC-At Seth Parkers TO
WEAF.
wGN C72O)-Kay's orches-
NBc-Lee Sims. pianist to
WIZ.
-9:45 P. M
WGN C720l-wayne Kings
orches ra.
NBC-Cellist 10 WIZ.
-1O p. M
CBS-Duchin's orchestra.
NBC-Black orchestra to
WEAF.
NBC-Wm. Stoess orchestra
TO WIZ.
WTMJ ts2o)-Dance pro-
gram.
-10;I5 p. M
KYW (l020)-Canton or
chestra.
WGN t720)-Ted Weem's or
cheStra.
-10:3O P. M
NBC-Larry Funks orches-
ira to WEAF.
CBS-California melodies
WTMJ tl070J - Orchestra
program.
-10:45 p. M
KYW flo20)-Master's or
chestra.
.WBBM t770)-Bernie's or
chestra.
WGN t720l-Kay's and Kas-
sells orchestra.
Ill p. M
WENR (s7O)-Hines' orches-
ira.
WBBM (77O)-Around the
Town.
-11:15 P. M
hYW j102Ol-Canton or
echestra; Masters orches-
ira,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
By United Press

By United Press
CENTS. 5000; market, active, 100 l5c
higher: top. practical S3.70: few lots.
s5is: bulk 10000 lbs. So s0a3.7o: 23o-
s 50: iOO-i40 lbs. s3d325: sows. s2.5oM
265 Cattle-Receipts. 400: calves. re-
celpts. 800; market. not enough steers
lower at $3.50: bulls strong; other classes
steady in cleanup trade, mixed yearlings
and heifers, s4T5G S so; COWS. s2.75p 3. 90;
low cutters. sl.25Gi.75: top sausage bulls.
lambs opened strcng TO 25c higher. other
classes scarce bette: spring lambs. $1F
IT'S; most to city butchers; thToTouts
down 70 81. so.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
WKBF (14OO) Indianapolis
|BrightSpots
of Business
Nv limited Press
- p. M

DETROIT. Nav 6.-Deliveries by De Soto
dealers during the week ended April 30
totaled 1885 cars a gain OF s per cent
over the preceding week. which was a new
record.
LITTLE ROCK, Ark-Missouri Pacific
lines reopened the southern division
shops at north LITTLE ROCK. returning
700 men TO work after = shutdown since
March.
AUSTIN. Tex.-More than the usual sea-
sonal increase OF building and general
business activities took place in this dis
trict during March. according 70 the fed
eral reserve bank OF Dallas report.
NEW YORK-Wheat and -four exports
from the United States and Canada for the
week ended Nav totaleu 1890. AT bushels.
against $3.50. 0ee bushels in the preceding
week Bradstreet's reported.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
By United Press

PITTSBURGH. May s.-Hogs-Receipts.
$500; market steady 70 strong: i40-2i5
pigs. SO 500 ats: packing sows. S2.251275.
Cattle-ReceiptS. BIS: market, unchanged;
medium 20 good steers quoted At S5-15H
cows. s5I5n435: lower grades. 81 .50T 8:
sausage bulls. S2.eSn3. CalveS-Receipts.
100: market. slow. steady: good 10 choice
ket. choice shorn lambs steady AZ IS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07

Jacques FRAY and Marie BraEkiotu.
nimbse-hnEered piano team whe have
scored In concert both in this country
and abroad. will combine opera rems
and current dance melodies in their re-
citaI 10 be broadcast over WFBM and
the Columbia network Saturday. from
s:f5 70 100 D. m.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
RV United press

CLEVELAND. May .-Hogs-Reeeipts.
steady; pigs and some bid OIL others
lower: i4o-2S0 lbs. $500 down; 240-300
lbs. s3.6oG3.7o; pigs. s3.5oG3.75 Cattle
ance incomplete: most sales light weight
steers $3.50 for common 70 medium mix
lures part load good l035 10. weight.
s6;I5; cows ana bulls satooy. Calves-He-
S55o66; others downward 10 81 and
under. Sheep-Reeeipts. 400. market.
steady: most lambs $3.50: grade choice
medium tfrovouts. SIS: others downward
70 $3.50; spsing lambs scarce.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
HOOVER SPEECH
ADDS STRENGTH
TO SECURITIES
Steel Wage Cut Sets Of
Short Covering; List
Holds Gains.
Average Stock Prices

= Average o. thirty induatrlab for Thurs
CAV 81 10. OF "a Average OF twenty rails
~ ~ OF 80 Average o. twenty utilities
= q OF z. Average OF forty bonds
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
New York Stocks

'rBv Thomson q McKinnoni :

NEW YORK, May 6.-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, 1932-05-07

Ruth Citing viii sing shine On lar
vest Noon" the 30-vear-old song Sne re-
yived for a nation. when she appears Win
Nat shilkret's orchestra on the program
SATURDAY. AZ o. m. over WFbM ana
the Columbia network.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
New York Curb Market
(By Thomson 81 McKinnon)
Net Changes

NEW YORK, May 6.-Closing
prices and net changes on prin-
cipal stocks traded today on the
New York Stock Exchange follow:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
By United Press

TOLEDO. Nav 6.-Hogs-Recelpts. light;
market. steady: top 50. 500 3.65; mixed.
S350a365: bulk. s3.5063.s5. pigs. So ;25:
lights 50 25n 40: rouRhs. s2N2 IS. Cattle
Receipts light: market. steady. Calves
Receipts. light: market. steady. Sneep
and lambs-Receipts. light. market. STEADY.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
BY ELMER {. WALLER
LnIted Preaa TlnanriaI Fhifnr

NEW YORK. May 6-The stock
market today gave the best per-
Torrance on the upside for nearly
three months, soaring l TO 5 points
with dealings picking up so that
tickers we're running behind the
trading for a time.
According to preliminary calcu-
lation, the Dow. Jones e Co. indus
trial average stood at SOL. UP 4.9I
points. railroad average at 21.39,
up l.37, and the utility average,
25.11. up LAB.
Sales totaled 100000 shares,
compared with 100000 shares
Thursday
Aggregate market value Of ten
leading stocks was s5.058, 500, 1877
against S4.717669 2O7 Thursday, an
increase Of S340. 928, $50.
The list was firm all day, aided
BY the forceful demand of President
Hoover in his message to congress
that the budget be balanced.
Wage Cut Announced
Late in the day. the United States
Steel Corporation announced a sec
ond reduction in salaries and wages
Of its workmen, this one IS per cent,
to be effective May Is. A reduc-
tion Of 10 per cent was made by the
corporation last September.
Shorts covered on the Steel wage
cuts and Steel common scared more
than 3 points to above 81. Ameri-
can Telephone was swept above par
for a rise of more than ? points.
Union Pacific in the rails jumped
more than points, while American
Can and Auburn each made gains
o. nearly 5 points. Pan-American
Petroleum B rose nearly . points.
Strength in Pan-American B fol-
lowed publication of details of the
deal selling the foreign outlets OF
the company to Standard OF New
Jersey. The transaction involved
about S146. 900. Of which $4,000, =
COO would be paid in cash to Stand
ard Of Indiana, which owns 90 per
cent o: Pan-American. and the re-
mainder in Standard of New Jersey
stock.
Gains Are Retained
This transaction, together with
frmer prices for gasoline and re-
ports Of progress in negotiations for
a merger between Standards of New
Jersey and California helped the oil
group generally. That section of the
market was the best in the after
noon until the Steel wage cut set
off short covering throughout the
list.
Gains throughout the list we're re-
tanned in the majority, although
volume of turnover was reduced
Just before the close. Bonds were
more active and prices firmed up
along with the advances in the
share market. United States gov
eminent issues rallied after an early
reaction.
Grains joined the advance and
wheat closed up l TO rs cents a
bushel. Cotton advanced several
points.
u. s. Bond Bought
The federal reserve weekly report
showed the system was continuing
its easy money policy. II bought
government securities to the amount
of $4,000 900 in the past week,
keeping its buying rate at an aver
age of about s1O0O00.0O0 weekly.
The report also showed a rise Of
100000 in money in circulation,
this attributed TO uncertainty over
the Goldsborough bill.
Bankers acceptances we're adj
vanced Il to l per cent, apparently
to prevent withdrawal of foreign
investments here. and this had a
favorable reaction in the street.
Gold Withdrawals we're continuing,
however, with $13.200.000 to be
shipped TO Holland today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
Produce Markets

Delivered In Indianapolis prices: Hena
heavy breeds. l2c; Leghorn hens lie:
Broilers, colored sDringers. ? pounds up.
bareback and partly feathered lOc Cocks
and stays. &c: LeRhorn cocks. &C. Ducks.
large white full feathered and fat. 10.
small. SC. Geese full feathered and fat.
SC. Young and old Ruineas i5c Eggs
No. / current receipts. i0c. Butter 26 70
&c; undergrades. "a 70 Csc Butterfat. 22c.
These prices for healthy stock free from
feed bv the Wadlev Company.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-07
BIZ United Press

TT. WAYNE. Ind. Nav s.-Hogs-Mar-
So s5G $50: lights. s35oG 81 so: mediums
s33sT35O; heavieS. s.20G3.35: roughs
s2.75; stays. si.75; calves, $3.50; lambs