Indianapolis Times, Volume 41, Number 260, Indianapolis, Marion County, 11 March 1930 — Page 13

MARCH 11, 1930

STOCKS HIGHER ON RALLY IN SHORT SESSION General Motors Is Feature as Large Blocks Change Hands.

Average Stock Prices

Averags of thirtv industrials for Monday nas 2Tfig;, up 1 39. Average of twenty rail' was 132 50. up .07. Average of twenty utllitle:- was 101.75, up 1 04. Average o! forty bond' was 54.46. off .01. H; United Prrss NEW YORK, March 11. —Large blocks of General Motors were taken frem the stock market today by powerful operators at rising prices and the whole list rallied near the close after a period of profit-taking. The market closed at mid-session with other financial and commodity markets throughout the United States out of respect for the memory of William Howard Taft. Just before the close, buying operations were being resumed throughout the list and activity was evident. Tickers ran far behind the market as traders tried to crowd a full day’s session in a half session. Buying in General Motors started with a bang on a block of 15,000 shares at 45. The stock then crossed this figure into new high territory lor the year and other motor shares followed. Then the industrials picked up, led by Steel. Oils ruled firm and fairly active. Utilities were in better demand, especially electric power and light. American Can spurted more than 3 points, and good-sized gains were made by other representative issues. Dupont rose to anew high ground for 1930 at 133, up to 1!£, following the advance in General Motors, of which it has large holdings. In the motor group Packard made anew 1930 top, as did Auburn Auto. Chrysler firmed up after holding around the prevoius close during the early trading. Atlantic Refinining made anew high at 46, up IN, in the oils and gains ranging to more than 2 points were made by American Republic, Sinclair, Stanrdard of California, Standard of New' Jersey and Amerada. Simmons company broke more than 4 points to 57'* on anew bear drive and Case Thrashing Machine dropped nearly 8 points to 277 on profit-taking. Loew’s broke 5 points to 76’* on one sale near the close after recent strength. American and Foreign Power was a weak spot in the utilities at 89, off 1%. Call money ruled at 4 per cent, the firmer tone being due to preparations for the tax payments Saturday. Near the close tickers w'ere twenty minutes late. Sales for the tw T o and one-half hour session were 2.635.500 shares or at the rate of more than 5,000,000 shares for a five-hour day, the most active trading so far this year. According to preliminary calculations the Dow-Jones & Cos. industrial average rose .13 to 276.98 and the railroad average lost .02 to 152.48.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings. Tuesday. M.-ch 11 were, $3,840,000; debits, $8,166',000. CHICAGO STATEMENT B ii United Press CHICAGO. March 11.—Bank clearings, slOl. 800,000; balances. $7,400,000. NEW YORK STATEMENT Bu United Press NEW YORK. March 11.—Bank clearing . $1 520.000' clearing house balance. $180,000,000 feri"inl reserve bank credit balance, $162,000,000. TREASURY STATEMENT Bn I hi ted Press WASHINGTON. March 11—Treasury net balance on March 8. was $10,054,23039; customs receipts for he month to the same date totaled $11,080,168.16; government expenditures on March 8 were, $16,856,395.17.

Investment Trusts

Bid. Ask. Am Founders new 28'* 29 Basic Industry Shares 8% 9% Corporate Trust Shares 9% 9% F' ; Investment Corporation 11% Fixed Trust. Sharer A 21% ... Fix Trust Shares R 13% Investment Trust of N Y.... 11% 12V* Leaders ot Industry 11’* 12‘* No Am Trust Shares 9’* 10V Potter <t Light Sec Trust 60 63 Revbarn * Cos 13 14% Standard Oil Trust Shares ..10 12 S W Straus Inv Units 52 58 Trustee Standard 0:1 Shares.. io% 11% U S Elec It & Row Shares A.. 40 43 u S Elec Lt LPr Shares 8.. 11% 11% Diversified Trust shares A... 25 ... Diversified Trust Shares B ... 31% 22 Diversified Trust Shares C 8% 9’*

On Commission Row

Fruits Apples—Delicious, box extra fancy. $4 3a; t h- V $1; Baldwins. $2 50; Grimes Golden. 52 -0 275 Northern Spies. $2.25; Wine--BUP. 52 25 f 2.50 Cranberries —Box of 25 lbs.. *B. Grapefruit—Florida. 84.75®5.26 Grapes—California Alemerla. $3.75; Era-pe-ors. kee. ss■ . L-mons —Cal'forn!* a Crete. $>[email protected]. Limes—Jamaica. $2 30 a hundred. Oranges—California navals. $4.75®7J5. Strawberries—4sslsoc a quart. Vecetables Beans—Florida $454.50 a hamper. Beets—Texas $3 50 a crate Cabbage—New. s%ffi6c a pound. Celerv—Florida. $3.25 08 75 a crate. Cauliflower—Colorado. $1.90 a crate. Cucumbers—Florida. s'.so<ff4 a crate. Essp’.an- $1.7502 a dozen. Kale—Sprint 90c to $1 a bushel. Lettuce —California Iceberg, $3 5004.00 a ert'e- home grown leaf, a bushel. $1.50® 1 65 Onions—lndiana vel'ow. $2 2502 50 s 100-!b bag: white. $2.50 a 50-Ib. bag. Psrslev—Home grown. 50c dos. Peas—California. 45-lb. crate. $52 5 50. Peppers—Florida, a crate. $7.50. Potatoes —Wisconsin. $4.40 a 150-lb. bag; Minnesota. S3 10 a 100-ib. bag: Red River Ohios 120 lbs . $3 750 3.85: Idaho Russets. $3 75 a 100-!b bag. New Potatoes—Florida Cobblers 50-!b. crate $3 00' Texas Red. 100-lb. bag. $6.50. Sv.eet Potatoes—Nanc? Halls. $1 75 a hamper: Opossum brand. Indiana lersevs. 53 00 per bu. „ ... Rhubarb—Home grown, hothouse. 6-lb. hunch. 65c. . Ssss&fras—Tp.diana. 30c a doa. Radishes—Home grown button. 85c do*. Mustard—Home grown. $1.50 a bushel Cucumbers—Home grown. $1.75 5 2.00.

Local Wagon Wheat

Cr- grain ele'-ators sre paving $1 03 No. 3 red wheat and 97c for No. 2 hard wheat. NEW YORK COFFEE RANGE —March 11— Hah. Low Close. January 7..0 7.70 7.70 March 8.78 8 77 8 77 May 8 47 8.42 8.42 July 8.10 8.06 8.10 September 7.88 7.88 . 7-88

New York Stocks • By Thomson & McKinnon

—March 11— Prev. Railroads— High. Low. Close. Clove. Atchl-on 235 234’, 235 235% At] Coast Line.. .. • ... M Balt A- Ohio ...119% US’. lIP 118% Canadian Pac ..201 . 204', 204', 20*', Cnesa At 0hi0... . •• . 228 Chera Corp .... 74 73 73 71% Chi Ac N West .. 84’, 84% 84% 85 Cht Ort West .. 13% 13'. 13% 13% C R I A- P .117', 317>, 117', 17’* Del Ac Hudson .173 172 173 172 Del Ac Laclca . 142 2 142 142 142 Erie 58% 58’, 58'', 58% Erie Ist pfd ... 65% 65% 65% 65% Grt Nor 97% 97’, 97’,, 97’, Gulf Mob Ac Oil 42’, 42% 42", ... 11l Central .7. ..128’, 128', 128’, ... Lehigh Valiev .. 74', 74% 74% 74% Kan City South. 78’, 78', 78', ... Lou Ac Nash ....131% 131*2 131 ; 2 131', Mo Pac 97% 96 96 98 M K Ac T 55 54% 55 54% Mo Pac pfd 144% 142 142 145 N Y Central ...183% 183% 183 ■* 183% NY NH Ac H ...121% 121% 121% 121% Nor Pacific 93% 63 63% P3 Norfolk Ac West. 250’, Pennsylvania .. 82% 82 82% 82% Reading 127 126 126 Seabrd Air L.... 11 11 11% Southern Ry 129% 126 123% 126 Southern Pac .120% 120% 120% 121 St. Paul 23 22% 23 22% St Paul pfd 40% 40% 40% 40% St L Ac S F 11l 111 111 110% Union Jaeiflc. 225% 225% 225% 225 West Maryland. 27% 26% 26% 27 Wabash 52% 52% 52% 52% West Pac 24 24 24 Rubbers— Ajax 1% 1% 1% 2 Fisk 3% 3% 3% 3% Goodrich 48% 48 48 48% Goodyear 89% ... ... 89% Kelly-Spgfld ... 4% 4% 4% 4% Lee ... ... 7% United States... 27% 27V* 27% 26% Equipments— Am Car Ac Fdy.. 78 78 78 Am Locomotive. 99% 98% 98% 99 Am Steel Fd 48% 48% 48‘/a 48 Am Air Brake 8h 52% 52% 52% .. . Man Elec Sup.. 36 34% 36 34% Gen Elec (newl.. 79% 77% 77’, 77% Gen Ry Signal.. 93'% 92% 93% 93% Gen Am Tank... 106% 105% 106% 106’, N Y Air Brake. 45 44% 44% ... Pressed Stl Car., 14% 14 14 14 Pullman 82% 82% 82’, 83 Westngh Air B. 50% 49’, 50 19% Westingh E1ec...192 190 190% 192 Steels— Am Roll Mills... 94% 90% 93% 94% Bethlehem 104’, 102% 102% 102% Colorado Fuel.. 58% 57’, 57’, 574, Crucible ... ... ... 86% Gulf States Stl. ... .. ... 72% Inland Steel . . 98 90 % 95 89 Rep Iron Ac Stl. 78% 76% 77 75’, Ludlum 42% 41% 41% 42% Newton 54% 54 54 53 U S Steel 182% 181 182% 182 Allov 33 33 33 32% Warren Fdy .... 29% 29 29% 29% Young Stl 146 14i 145% 144% Vana Corn .... 80 83 85% 88% Motor*— Am B Mag .... 51% 50% 51% 51% Briggs 16 15% 15V, 15% Brock Mot 15% 15% 15% ... Chrva Corp .... 39 38% 38% 38% Eaton Axle .... 33% 33% 33% 33 s , Oraham Paige .. 10 9% 10 9% Borg Wagner .. 46 , 45 46 44% Gabriel Snub .. B'< 8% 8% 8% Gen Motors .... 45% 44% 45% 44% Elec St Bat 74% 74% 74% 74% Hudson 56% 56 56% 57 Haves Bod C .. 8 7% 7’, 7% Hupp 21% 21% 21% 21% Auburn 254’, 250% 250% 249 Mack Trucks .. 84% 83% 84% 84 Marmon ... 28 % Reo 14 13% 13% 13% Gardner ... ... 5% Motor Wheel .. 30 30 30 Nash 48% 47% 47% 48% Packard 22% 21 % 22% 21% Peerless 12 10% 10% 11% Pierce Arrow .. 25% 24% 25% 24% Studebaker Cor 43 42% 43 42% Stew Warner .. 40% 40% 40% 40’, Timken Bear.... 81% 79 81 78% Willys-Overland. 9% 9% 9% 9% Yellow Coach... 22 21% 21% 12% White Motor ... 35% 35 35 35% Mining— Am Smelt Ac Rfg 75% 75 75% 75% Amer Metals... 47 47 47 47% Am Zinc 13% 13% 13% 13% Anaconda Cop.. 75% 74% 74% 74% Calumet & Arlz 80% 80% 80% 80 Calumet & Hecla 28% 28-% 28% 29 Cerro de Pasco. 60% 60% 60% 60 Dome Mines.... 8 8 8 8% Andes 33% 33% 33% 33 V, Granby Corp ... 56 s , 56’, 56’, 57% Gt Nor Ore 22% 22% 22% 22% Inspiration Cop 29% 29% 29% 29% Howe Sound... 38% 38 38 38% Int Nickel 41V, 40% 40% 40% Kennecott Cop.. 58% 58% 58% 59 Magma Cop .... 48% 48% 48V, 49 Miami Copper... 30% 30% 301, 30% Nev Cons 29% 29 29 29 Vi Texas Gul Su! . 61 60% 60% 61% St Joe 51 50 50 50% U S Smelt 31 31 31 30% Oils— Atlantic Rfg. ... 46% 45 46V, 44% Barnsdall IAI.. 25% 25 25% 24% Freeport-Texas.. 43% 42 Vi 42’* 41% Houston Oil ... 80% 78% 78’, i9% Indo Oil Ac Gas. 24% 23’* 24% 23% Conti Oil 22% 22 22% 21% Mld-Cont Petrol 26% 26 26% 26% Lago Oil & Tr.. 25 25 25 25 Pan-Am Pet 8.. 53 52% 53 52% Phillips Petrol .. 35% 35 35’, 35% Prairie Oil 46 46 46 46 Union Os Cal ... 43% 43% 43% 43% Prairie Pipe ... 56% 46% 56-e 55:, Pure Oil 23% 22% 227, 22v* Roval Dutch ... 50% 50% 50% 50V, Richfield 25% 25% 25% 25V, Shell 22% 22 . 22% 21% Simms Petrol .. 25’* 25V, 25% 25% Sinclair Oil .... 25% 25 25% 25 Skellv Oil 31% 30% 30% 30Vi Std Oil Cal 60% 59% 60% 59% Std Oil N J .... 63% 62% 63 62% Std Oil N Y 32% 32% 32-% 32V, Tidewater 13% 12% 13 12% Texas Corp .... 53% S3 53% 52% Texas CAc O ... 9*/ 9% 9% 9% Transcontl 8% 8 BV, 8% Industrials— Adv Rumley ... 18% Allis Chalmers.. 67 6G% 66% 06% Allied Chemical.27B 269'- 270 270 A M Byers 93% 92 s * 92% 93% Armour A s’* 5% s’, 5% Amer Can 145 141 s , 144% 14'.% Alleghanev Corp 31’, 31% 31% 31% Am Safety Raz. 63% 63% 63% 63% Am Ice 37% 36% 36’* 36% Am Woel 15% 15 15% 14 Assd Dry Goods 44% 43% 43% 44 Bon Alum 53 51 % 53 51 % Coca Cola 161’, 159% ISO’s 158% Conti Can 68% 67% 68 67V, Certaintced .... 12% 12 1 12% ... Crosiev • 17 % 17% 17% 17% Congoleum .... 16% 16% 16% 16% Curtiss W 12% 12% 12% 12% Davidson Chem. 38% 38% 38% 39 Dupont. ... 133% 131’* 133% 131 % Famous Players 72 70% 70% 71% Gen Asphalt.... 60%. 58% 60 59% Fox IAI 35% 34% 35% 35% Gold Dust 45% 14 44* 45 Glidden 35% 35% 35% 35% Int Harvester... 94 s ; 93% 93% 95% Kelvlnator .... 16% 15’* 15’* 16% Lambert. 106', 105% 105'% 106' Loews 82% 76% 76% 82% May Stores .... 57% Ko’.ster 32% 2% 2', Montgom Ward 45% 45% 45% 46 Natl C R 79% 78 78 78% Radio Keith 38% 36% 37 38 Owens Bottle ... 60% 60% 60% R-adlo Corp .... 53% 51% 52% 42V, Real Silk 61 58% 61 57% Rem Rand 41 s , 41 4!V 41% Sears Roebuck.. 93’* 91’, 92 93 , Union Carbide.. 97’, 96% 96% 97% Warner 8r05.... 71% 70% 71 72 - Un Air Craft.... 67% 66 6b% 66_, Univ Pipe. ■■■ . • 4 4 U SCs Ir Pipe 31% 30’, 31 30% U S Indus Alco . 119% 111% 111% 119% Worthington Ru 104 102 *2?,, *2%' Woolworth Cos.. 66% 66% 66% 6b% Am 1 Tel Tel.. 242 240% 241 Vi 240% Am Pr Ac Lt 105 104% 105 106% Erg Pub Serv. . 56’* 56 56% 56_* Am For Power. 90% 88 s , 89 ,22','' Am Wat Wks.. .106’, 105% 105% 105>i Gen Pub Serv.. 45 44 44 44% Col GAc E 92% 91% 91% 91% Consol Gas ....118% 117% 118% 118% Flee Potv As Lt. . 75% 70% 75% <O% Int TAc T 70 69% .0 69% Nor Am Cos ...118% 11 ,% 118% 118 Pee. Light 95% 93% 95 c 94 Pllb Serv N J... 95\ 94’. 94% 95% Se Cal Edison . 63 62% 63 ®3 '* Std Gas Ar E 1.117 115% ... 716% United Coro 39% 38% 39% 3 ? Utilities Power.. 38 37% 37 a 37 a United GAc Imo 37% 3. s 3,% 3,West Union Tel 213% 212 212 ... Am b 'l~ , A ne Corp.. 51% 50% 50% Si % \V Gulf W I 69 3 a *9 3 * 69 3 <0 Int’ Met M pfd.. 76% 36% 26% -6 * United Fruit 93% 93 93 , 9, Foods— Am Sue Rfg ... 63 61% 61% . 3 Cudahy 45% 15% 45% 45_ California Pktr.. 74 73% 73% ,4 Canada Dry ... 75% 74% 74’, ,1% Corn Products.. 94’, 94 94 ... Cent Bak A ... 43% 42% 43% ... Borden 72% 71% 72 ... Grand Union .... 19% 19% 19% ... Jewel Tea . 57 56 55 ... Kraft Cheese ... 48% *8 48 Kroger 41% 40% 40% ... Loose-Wiles .... 66’, 65% 65% ... Natl Biscuit ...220'. 220 220 Natl Dairv .... 51% 51% 51% ... Purity Base 83% 8”, 83% ... Loft 4% % 4’, .., Gen Produs .... 52% 51% 52% ... Stand Brands.. 25% 35% 35% ... Tobaccos— Am Sumatra .... 22 22 32 Am Tob P 241 239 240 Con Clears 52’, 54% .54% ... Genenu Cigar .. 59% 59% 59% ... Ltg Ac Meyers... 111% no no Lonllard 27% 25% 26% ... R J Revnolds... s"' 57% 5g% ... Too Prods B 4% 4’, 4’, ... United Cigar St 6% 6 6% ... Schulte Ret Strs 9% 9 9’, ... RAW SUGAR PRICES —March 11— High. Low Close. January 1.96 1.94 1.96 March 1.75 171 1.73 May 1 78 1.79 1.7S Julv 1.81 1.89 1.81 September 1.87 1.85 I.BC December 1.95 1.93 1.95

PORKER MARKET HOLDING STEADY AT STOCKYARDS No Changes Noted in Cattle and Calf Trade: Sheep Sell Higher. Mar. Bulk. Top. Receipts. 4 $10,700 11.00 $ll.OO 6.000 5. 10 65’d 11 20 11.25 5,000 6. 10.656111.20 11.25 4.500 7. 10 654, 11.30 11.35 4 000 8. 10.804/11.45 11.50 2,000 10. 10 80-9 11.30 11.30 4,000 11. 10.804/11.30 11 30 4,000 After a period of irregularity the hog market was quiet this morning with prices steady at Monday’s levels. Bulk prices, for 150 to 275 pounds, at the Union Stockyards today were SIO.BO to $11.30. Receipts were 4.000; holdovers, 268. Cattle were mostly steady, receipts numbering 1,300. Good and choice veals held steady at $14.50 to sls. Others were tending lower. Calf receipts were 900. Lambs were up 25 cents or more, top westerns bringing $11.25. Weighty kinds were sll. Lower grades were selling at $9 to $10.50. Receipts were 400. Chicago hog receipts were 18.000, including 3,000 direct. Holdovers were 11,000. A few bids 10 cents higher than Monday’s average were recorded. Choice 180-pound weights brought $11.15; numerous t>ids of $10.90 to sll on choice 160 to 210 pound averages. Cattle receipts were 6,000; sheep. 11,000. —Hosts— Receipts. 4,000; market, steady. Heavies, 300 lbs. up $10.15010.50 250-300 lbs 10.650.10.80 Med. wts.. 225-250 lbs 11.00 220-225 lbs 11.10ffi11.20 Light, wts., 160-200 lbs 11.20(311.30 Light Its., 130-160 lbs 10.50011.00 Light wts., 160-200 lbs 9.500 10.25 Packing sows .... 8.250 9.50 —Cattle— Receipts, 1 300; market, steady. Beef steers. 1,100-1,500 lbs.. good and choice $12.00(5; 14.75 Common and medium 9.50012.00 Feed steers, 1,100 lbs. down, good and choice [email protected] Common and medium 9.25(312.25 Heifers, 850 lbs. down, good and choice 11.5-9ffi.13.75 Common and medium 7.50011 5$ Cows, good and choice 4 ••*3 Common and medium 3.250! 8 25 Lower cutter and cy 4.75(5; 6.25 Stocker and teerter steers, good and choice 9.50011.25 Common and medium 6.50® 9.50 —Vealers— Receipts, 900; market, steady. Medium and choice SII,OOO-15.00 Cull and common 6.50(5.11.00 —Sheep— Receipts, 400; market, steady. Lambs, good and choice ....$10.50011.25 Common and medium 8.75® 10.50 Ewes, medium to choice 4.250- 5.50 Cull and common 2.000; 4.25

Other Livestock Bu United Press CHICAGO. March 11.—Hogs—Receipts, 18,000; including 3.000 direct: mostly 10c higher; medium weight butchers. 10015 c higher; top. $11.15; bulk 160-250 lb. weights, $10.50 011.10 ; 260-340 lbs., SIOO 10.50; packing sows, $8.750 9.75; butchers, medium to choice, 250-350 lbs., $9,850 10.65; 200-250 lbs., $10.25011.15; 160-200 lbs.. $10.350 11.10: 130-160 lbs., $10011.10; packing sois, $8.500 9.85; pigs, medium to choice, 90-130 lbs., 559.25® 10.85. CattleReceipts. 6.000; calves, 2,500; general steady market; steers, slow and she stock fairly active: killing quality plain; fed yearlings. sls: weighty steers. $14.15: slaughter classes, steers, good and choice, I, lbs., $l3O 15; 1,100-1.100 lbs.. 8130,15.50. 950-1,100 lbs., $13.25015.50; common and medium, 85U lbs., up, sou 13.25; led yearlings, good and choice, 750950 lbs., $l3O 15.50; heifers, good and choice. 850 ibs. down. $11.25014; common and medium, $8011.50; cows, good and choice, $7.75010; common and medium, S6O 8. low cutter and cutter, $4.750 6.25; bulls, good and choice beef, $8.2509.50; cutter to medium. $6.750 8.40; vealers, milk fed, good and choice, $10.25014.50; medium. $.9010.25; cull and common, $7 09: stockcrs and feeders, steers, good and choice, all weights, $10.75012; common and medium. $8.25010.75. Sheep—--11, market fairly active, selected light iambs, 15@25c higher, others steady; bulk fat. lambs, $10.75'. 11; choice light kinds, 511.50011.65, mostly to outsiders; fat ewes and feeding lambs, quotable steady. Lambs, good and choice, 92 lbs. down, ■>10.400 11.65; medium, $9.75® 10.75; cull and common. S9O 9.75; medium to choice. 92-100 lbs., down, $9011.15; ewes, medium to choice, 150 lbs. down, $4.250 6; cull and common, $2.2505: feeder lambs, good and choice, $9.25010.25. Bu Times Special LOUISVILLE. March 11.—Hogs—Receipts 600; market, steady; 300 lbs. up., $9.90; 225-400 lbs.. $10.40; 165-225 lbs., $11.10; 130-165 lbs.. $10.30; 130 lbs. dovsß.4o; roughs. $8; stags. $7.40. Cattle—Receipts, 100: market, steady; prime heavy steers. $11.50 0 12.50; heavy shipping steers, SIOO 11.50; medium and plain steers, $8,500 10; fat heifers, S3O 12; good to choice cows, $708.50; medium to good cows, $6 0 7; cutters. $505.50; canners, $3.500 4.75; bulls, $6 0 3.50; feeders, sß® 10.75; Stockers. $7,500,11. Calves —Receipts, 200; market, steady; tops, $12.50; good to choice, sll® 12.50; mediuiA to good, $8,500,10.50; outs, $7.50 down. Sheep—Receipts, 50; market, steady; ewes and wethers, SIOO 10.50; buck lambs. S9O-9.50; seconds, $6 0 7.50; sheep. $4.5005.50. Monday’s shipments: Cattle, 269; calves, none; hogs. 412; sheep, none. Bu United Press CINCINNATI. 0., March 11.—Hogs— Receipts. 2.200: held over 575; active; steady to 5c higher: bulk good and choice. 170 to 225 pounds. $11.30; 230 to 250 pounds. $10,750.11; 250 to 280 pounds, $10.50010.75; over 300 pounds. $10.2a down; desirable 120 to 160 pounds. $10.75; choice strong weights, sll or above when in pacxer droves; ptge. 90 to 100 pounds. SIOO 10.50; buik sows. $9.75; smooth finished. $9. Cattle—Receipts 250; calves, 430; butcher cattle, steady ' with Monday’s decline; cows and bull active; strong; medium to good steers and heifers, SIOO 12: odd head higher; beef cows, 37 0 8.50; bulk low cutters and cutters, $5 0 6.50; bulk bulls. $7.5008.50; vealers steady to 50c lower: good and choice. $13.50015; medium. SIOO 12.50: culls down to SB. Sheep—Receipts, 125; lambs, steady to mostly 25 to 50c higher; bulk good and choice under 90 pounds, [email protected]: heavier down to S10; common and medium mostly $80,9.50; sheep steady; choice light ewes. $6. Bui nited Press PITTSBURGH. March 11.—Hogs—Receipts. 750; market. 10c lower; 150-220 pounds $11.50011.60 ; 26Q-300 pounds; $10,500,10.75; 100-120 pounds, $11®11.25; sows, 5909.50. Cattle—Receipts, 25; market, nominal. Calves—Receipts. 50; market. steady, practical top vealers. $15.50. Sheep—Receipts. 350: market, steadv to strong: wooled lambs. $11011.75; bulk clippers, slOOll. Bu United Press CIEVELAND. March 11.—Hogs—Receipts. 1.500. holdovers none; steadv to 10c lower; quality. 150-260-lb. mixtures. $11,40011.50; cleaner kind downward to $11.25: 270-300 lbs quotable $10.75® 11; pigs, $11; rough sows. $9; stags. $7. Cattle—Receipts, 200: largely cows: steady: common to good kind. $6.5008.50' cutters. $4.50®6 mostly; sausage bulls, *7.508 6.50. Calves Receipts. 350; steady; vealers. $15.500 16: ewes. $16.50: medium kind. $12.50014.50; scattering thin light culls as lo was $9.50. Sheep—Receipt-'. 900; desirable clipped lambs, 59.300 10.50 wol skins at sll downward: lacking quality; deck, good clipped wethers, $6.75. Bu United Press TOLEDO. March 11.—Hogs—Receipts. 500, market steady to 10c higher, heavies. $10.50 : 10.75: mediums. $11011.15; yerkers. $10.50 0 10.75; pigs. $10010.50. Cattle—Receipts. 50. market steady. Calves—Receipts, light: market steady. Sheep—Receipts, light; market steady.

New York Bank Stocks

National Banks Bid. Asked. Broadwav National 110 130 Chase National 175 176 Chit Phemx National .... 129 132 National C;tv 245 247 First National N Y 5.550 5,700 Harriman National 1.400 1.5C0 Manhattan Company 138 140 Trust Companies Bankers 157 159 Cent Hanover 373 378 Chem: Bank & Trust 83'* 84’ Corn Exchange 225 229 Countv 230 238 EauitaMe 136 138 Guaranty 780 788 Irving 63 64 Manufacturers 150 153 New York 275 379 United States 3.300 3.400

THE INDIANAPOLIS TIMES

Chicago Stocks “”(By James T. Hamlll & Co.>“

TOTAL SALES 320.550 SHARES Adams Mfg 23% ... ... Allied Motor Ind 16 15% 16 Allied Products, 43 42% 42% Art Meial Works 22% 21% 21V* Assoc Telephone Util.. 28’* ... Auburn Automobile ...253 252 253 Bendix Aviation 45% 45% 45% Borg-Wamer 45% 45% 45’ , Brown Fence & Wire A 25% ... Brown Fence & Wire B 21% 21% 21% Burnham Trading 41 4040% Butler Bros 10% Castle A M f.. 53% 52% 53 Ceco Mfg Cos 16 15% 16 Cent Pub Serv Class A 40 39’* 40 Cent & So West 30% 29% 30% Chicago Corp 13% 13% 13% Chicago Corp pfd 40% 39% 40 Cities Service 39 38% 39 Club Aluminum 4% Commonwealth Edi50n..284% 283% 284% Construct Mat 20% 20 20 s * Cont Chi ctfs 66% 66 66 Cord Corp 15% 14% 15 Corp Sec 70 69% 70 Electric Household 49 48 49 Gen Theat Eouip 44 43% 43% Great Lakes Aircraft .. 7 ! i 6% 7V, Grigsbv-Grunow 17% 16’e 17% Hart-Carter 23 Houdaille-Hersh B .... 25% ... ... Insull Util Inv 70 69 70 Insull U I pfd ex-w.. 97 96% 97 Iron Fireman 24 Jefferson Elec 46’.* 45% 46% Kale Stove 68 66% 66’* Insull 65. 1940 112 110 112 Lane Drug V T C 3% 33 Libbv-McNeil 18% ... Lion O Ref Cos 20 19 Vi 20 Man-Dearborn 37 36% 37 Mid W Util (Newl 36% 35% 36% Midland United 28% 27% 28% Natl Elec Power A 36 35% 36 Natl Sec Inv 20% 20 20% Natl-Standard 33% 33% 33% Noblitt-Sparks Ind Inc.. 57 55 55V* North Am L & P 70% ... N&S Am Corp 19% 19% 19% Ontario Mfg 34% 33% 34V* Parker Pen 45% 44% 45 Perfect Circle .....37 Pines Winterfront .... 44 42 43V* Ravtheon 21 ... Ross Gear 35% 34% 35% Ryerson & So 33% Clarnce Saur.drs Strs pf 7% 7% 7% Stnd Dredging Cos 26% 25% 26 Vi Super-Maid 50 49’% 50 Swit t& Cos 32 Unit Corporation 15% ... Util P & Lt • A” 21 23 Ve 23% Util P & Lt N V 20Va 19% 19V* Util & Ind pfd 25% Winston Engine 61 59% 59%

In the Stock Market

(Bv Thomson & McKinnon) NEW YORK, March 11.—Absorbing in impressive style what was perhaps the most drastic wave of selling encountered since the fall collapse, all things considered, the stock market during today’s short session gave an excellent account of itself. Extent to which widespread confidence has been restored eas indicated clearly by the ability of leading stocks to absorb, at only moderate concessions, the heavy offerings. In part, this probably reflects the confidence of banking interests as to the outlook for the future, and in part the presence of substantial resting orders for investment stocks. Here and there particularly heavy selling was encountered, but on the main body of stocks such concentrated pressure made but little impression. Outside news was rrfostly uninspiring, contributing little of interest marketwise. Perhaps no better evidence of the market’s strong technical position could be asked for than that afforded today, and which we feel should go a long way toward convincing the skeptics as to its fundamental soundness. It was noticeable that the demand for automobile stocks, presumably from interests identified with such companies, was persistent and strong. Slowly but surely we feel that the time is coming when employment will near normal, when the country’s purchasing power will be restored and when the uncertainties of the present will be a thing of the past, confident in this belief, we continue to suggest that advantage be taken of these price concessions which occur, as they did today, for the purchase of stocks to be held in anticipation of this betterment.

The City in Brief

WEDNESDAY EVENTS Indiana Democratic Club state committee meeting. Clay pool, all day. De Fauw Alumni annual dinner, Broadway M. E. church. 6:30 p. m. Kiwanis Club luncheon, Claypool. I’urdue Alumni Association luncheon, Severin. , _ , Illini Club luncheon, Board of Trade. Indianapolis League for the Hard of Hearing, meeting, English. 7 p. m. United Mine Workers of America conMiss Elizabeth Ohr, head of the art department, will give an illustrated lecture on French peasant costumes in Cropsey auditorium, InIndianapolis public library art department, will give an illustrated lecture on French peasant costumes in Cropsey auditorium at 4 p. m. Thursday. Speaking at the annual dinner of the Franklin College Alumni Club of Indianapolis at the Spink-Arms Monday night. Dr. A. R. Hatton, political science department head, Northwestern university, complimented the school for leadership in modern educational methods. Burglars who broke into the. office of the Guarantee Metal Enameling Company, 325 East St. Joseph street, stole a battery valued at sls, and damaged the safe and check machine, company officials told police today. Installation of a fire alarm system is being considered by Speedway City. William B. Griffis, city Gamewell superintendent, is aiding Speedway officials to work out an alarm system for the town. Harry G. Kipke, Michigan university football coach, will speak at the annual Founders’ day banquet of the Indianapolis Alumni Club of Phi Delta Theta at 6:30 p. m. Saturday in the Lincoln. The fraternity has chapters in the state at Indiana, Purdue, De Pauw, Butler, Wabash, Franklin and Hanover. Dr. Arthur C. Echtemacht was elected president of the Indiana Alumni Association of lowa State university at its annual dinner at 2550 North Meridian street Monday night. George Buck, Shortridge high school principal, is in Lexington, Mo., to review Wentworth military academy, applying for admission to the North Central Association of Colleges and Secondary Schools. He is a member of the board of review of the committee on institutions of higher learning. Wales to Resume Hunt Bu Unitrd Press KAMPALA. Uganda, March 11.— The prince of Wales was at Entebbe, capital of Uganda, East-Cen-tral Africa, today after a rapid motor journey from Tororo, ready to proceed with his big game hunt.

PROFIT-TAKING SENDS WHEAT MARKET DOWN Early Gains Are Lost as Foreign News Turns Bearish. iT i/ T'nited Press CHICAGO. March 11.—Wheatclosed unevenly lower on the Board of Trade today after a rally had carried the nearby months to above the previous close and had brought the deferred deliveries to about steady with the previous close. The market failed to hold the gain which had resulted from aggressive buying oi May and short covering resulting from that and continued dry weather in the southwest. Liverpool closed 1 to 174 cents lower, but Buenos Aires was still unchanged at midday. Corn was uneven with July and September weak, oats followed the other grains. At the close wheat was % to 2 cents lower, corn was % cent higher to 7 4 cent lower and oats was % cent higher to % cent lower. Provisions were steady. Cash prices were: Wheat was unchanged, corn was 2 cents higher to 2% cents lower and oats was Vi to % cents lower. Receipts were: Wheat, none; corn, 142, and oats, 25.

Chicago Grain Table —March 11— WHEAT— Prev. ODen. High. Low. Close. Close. Mar.. 1.05% 1.07% 1.05% 1.06% 1.06% May.. 1.10% 1.12% 1.10% 1.11 1.11% July.. 1.06 1.07 1.05% 1.05% 1.07% Sept.. 1.08 1.08% 1.07 1.07% 1.09 CORN— Mar.. .75% .77% .75% .77% .77 May.. .80% 82 80% .81% .80% July.. .82 .84% .82 .83% .83% Sept.. .82’* .84% # .82% .83% .84% OATS— Mar.. .41 Vi .41 Vi .41% .41% .41% May.. .42 Vi .42% .42% .42% .42% July.. .42 ,42V* .41% .42 Vi .42V* Sept.. .41% .41% .41% .41% .41% RYE— Mar.. .63 .63 .62% .62% .64% May.. .62 Vi 3 S * .62V* .62% .64% July.. .65 .66% .64V* .64% .67Vi Sept.. .66% .68% .66% .67% .69% LARD— Mar 10.22 10.20 Mav. 10.37 10.40 10.35 10.37 10.37 July. 10.60 10.65 19.60 10.62 10.60 Sept. 10.80 10.85 10.80 10.82 10.82 BELLIES— May. 13.10 13.20 13.10 13.20 13.07 July. 13.32 13.37 13.32 13.37 13.30 111/ Times Special CHICAGO, March 11.—Carlots: Wheat, 11; corn, 395; oats, 37; rye. 15, and barley, 14. pjl Times Special CHICAGO. March 11. —Primary receipts —Wheat, 755,000 against 1,146,000; corn. 937,000 against 700,000; oats, 672,000 against 296,000, Shipments—Wheat, 488,000 against 623,000: corn, 590,000 against 473,000; oats. 720,000 against 659,000. II ii Vnited Press CHICAGO, March 11.—Cash grain close: Wheat—None. Corn— No. 4 mixed, 71%® 7s; No. 5 mixed, 66% 0 69%c: No. 6 mixed, 550 65c; No. 3 yellow. 74’*®.76c; No. 4 yellow, 720 73’/ic; No. 5 yellow, 66%0 72c; No. 6 yellow, 55065%c: No. 4 white_ 700; 74c: No. 5 white, 69071 c; sample grade, 43060 c. Oats —No. 2 white, 42% 0 42%c: No. 3 white, 41% 4/ 42c; No. 4 white, 41c. Rye—None. Timothy—ss.4oo6.3s. Clover —59.75017.25. Bn United Press TOLEDO, 0.. March 11.—Grain close; Wheat—No. 2 red, $1.170 1.18. Corn—No. 3 yellow, 81%0 82%c. Oats—No. 2 white. 470 48c. Rye—No. 2. 80c. Barley—No. 2, OGc. Clover—Domestic, cash, old, $10,30; cash, new. $10.50; March, $10.50; March, choice, $10,90; imported, cash, old. $9. Alslke—Cash, $10.40: March, $10.40. Timothy—Cash, old, $3: cash, new, $3.25; March, $3.25. Butter—37@4lc. Eggs—--230 25c. Hay—sl.2s cwt.

Net Changes

II u Unit eel Press NEW YORK, March 11— Closing prices and net changes on principal stocks traded on the New York Stock Exchange today: Up Off American Car. 144% 2% ... .American and Foreign Pow 89 ... 1% American Telephone 241% 1 Atlantic Refining 46 1% Bethlehem 102% Consolidated Gas 118% General Electric 77% General Motors 45% 1% ... Gillette 91% % ... International Telephone ... 70 % ... Montgomery Ward 45% ... % Packard 22% % ... Radio Corporation 52% Va ... Sinclair 25'* v* Standard Oil of New Jersev 63 % ... Union Carbide 97 ... % United Stater. Steel 182 ... 1% Warner Brothers Pictures.. 71 ... 1% Marriage Licenses Jesse N. Strahau, 26, of Mishawaka, farmer, and Wilma R. Krentz, 18. of Mishawaka. Jesse M. Short. 46. of 302 Trowbridge, mechanic, and Grace C. Greenwood, 37, of 1523 Harlan. Thomas C. Catchelor. 27, of 2621 Broadway. attorney, and Elsie M. Reider, 25, of 5841 Forest Lane, buyer. Carl McAfee. 19, of 725 Park, machinisi. and Fay Yaryan, 22. of 809 Broadway, clerk. Norris D. Johnson. 22. of Nobiesville, mechanic, and Inez Maines. 18. of R. R. 17. Box 16.3 K. Harry W. Beckner. 46. of 3017 North Arsenal, toolmaker, and Carrie E. Thompson, 45. of 330 West Twenty-ninth, seamstress. Aiphonso Hudson. 22. of 917 North Sheffield. laborer, and Emma L. Moore, 26, of 1117 Roache. . Joe L. Whittaker. *22. of 2159 Highland place, laborer, and Jennie Robertson, 19, of 306 West Twenty-first. Harry L. Colip. 34. of 1403 Madison, carpenter. and Grace L. Crosson, 34, of 1221 Orange, clerk.

We Are Pleased to Announce the Installation of the Dow-Jones News Ticker Service NOW IN OPER ATION Thomson & McKinnon 300 Fletcher American Bank Building Telephones LI ncoln 5501

We Offer American Loan Company 7% Preferred and Common Stock This is the first time the public has had an opportunity to share in the entire profits of the company. NON-TAXABLE NON-SPECULATTVE An unusual investment yielding attractive quarterly income. t nits—l Share Preferred, 1 Share Common, Slls Detailed Circular on Request UMPHREY & HARTZ 347 Bankers Trust Bldg. Lincoln 8439

Business and Finance

O. C. Murphy Company reports total sales for February of $958.927 compared with $909,960 lor the same month last • ear. an increase of S7B 967 or 8 88 per cent. Sales lor the first two months of 1930 amounted to $1,928,316 against $1,724,107 a year an increase oi $204,• 203 or 11.84‘pcr cent. DETROIT. March 11.—World production of Ford cars and trucks in February was 146.1C0, Including units produced for foreign assembly, compared with 100,927 in January, the Ford Motor Company announced late Saturday. This Is an Increase of 47,233 units. Production schedules for March call for 7,750 cars and trucks a day. Edison Brothers Sieves report sales for the month of February totaling $286,602 as compared with $214,416 for February, 1929, an increase of $72,186 or 33.6 per cent. Sales for the first two months of the year totaled $582,.>89 against $402,301 for the same period last year, an increase of $120,288 or 29.9 per cent. John N. Willys, formerly head of the Willys-Overland Company and newly appointed ambassador to Poland, has purchased a substantial interest In the Doeh-

Produce Markets

Eggs (country rum—Loss off. delivered in Indianapolis. 21c; henery quality. No. 1 23c So. 2 21c. Poultrv”'(buying prices)—Hens, weighing 4% lbs. or over, 25c; under 4% lbs., 23c; Leghorn hens. 22c; springers. 4 lbs or over. 21c; under 4% lbs., 21c; broilers, 1930. 28c: old cocks. 12015 c; capons. 8% lb. or over. 30c; capons, 7% lbs. or over, 27c; capons and slips 5 lbs. and over, 25c; capons, 8 lbs. and under. 33c; ducks, lull feathered, fat, whites, 14c; geese, 10c. These prices are for No. X top quality, quoted by Klngan & Cos. Butter (wholesale) —No. 1, 39@40c; No. 2. 370 38C. Butterfat—3sc. Cheese (wholesale selling price per pound)—American loaf. 31c; pimento loaf. 33c; Wisconsin firsts. 27c; Longhorns, 34c; New York llmberger, 36c. I)v United Press CHICAGO. March 11.—Eggs—'Market steady; receipts. 23.262 cases; extra firsts. 2502sVic; firsts, 24®24%c; ordinaries. 23 0 23%c; seconds. 22c. Butter —Market firm; receipts. 14,316 tubs; extras. 37%c; extra firsts, 36%0 37c; firsts, 33®35%c; seconds. 30@31c; standards, 37%c. Poultry—Market firm: receipts. 3 cars; fowls. 27c; springers. 29c; Leghorns. 27c; ducks. 200 23c; geese. 14c: turkeys. 25c; roosters. 20c; broilers, 38 0 40c. Cheese—Twins ,18% OT9V4c; voung Americas, 19%020%c. Potatoes —On track. 255; arrivals, 90; shipments, 709; market about steady; Wisconsin sacked round whites. $2.300 2.45; Minnesota and North Dakota sacked round whites. $2.20®2.30; Idaho sacked russets. $303.25. Bu Vnited Press NEW YORK. March 11.—Flour—Steady; demand better; spring patents, $5.9506.35. Porker —Firmer; mess, $30.50, LardWeak; middle west spot, $10.60010.70. Tallow —Firm: special to extra. 6%®6%c. Potatoes—Steady; Long Island. $1#5.75; Southern. *2.500 10; state. $3.250 4.15; Maine. $1.750 4.90. Sweet potatoes —Dull; Southern, baskets, [email protected]: Jersey, basket. 50c052.60. Dressed poultry—Firm; turkeys. 27® 42c; chickens. 18®39c: capons. 280 42c; fowls, 170 31c; ducks. Long Island. 220 25c. Live poultry—Steady to firm; geese. 13®21c; ducks. 14 0 25c; fowls. 33 (i 35c- turkeys. 25®42c: roosters. 18019 c; chickens. 24 0 26c; capons. 26 0 40c; broilers. 350 40c. Cheese —Steady; state whole milk, fancy to special, 24026 c; young America. 22025 c. Bu United Press CINCINNATI. 0., March 11.—Butter, higher; creamery in tub lots according to score. 370 38c: common core discounted, 2® 3c; packing stock No. 1. 24c; No. 2. 20c; No. 3.15 c; butter fat. 350 37c. Eggs— Higher. Cases included; Fresh gathered. 25c: firsts, 24c; seconds. 22%c; nearby ungraded. 24c; duck eggs. 33c; goose. sl. Live poultry, thin and coarse stock sells or.lv at heavy discount. Fowls. 5 pounds and over. 27c; 4 pounds and over, 29c: 3 pounds and over. 29c; Leghorns. 3 pounds and over, 28c: roosters, 18c: stags, 28c: capons. 8 pounds and over. 35c; under 8 pounds 33c: slips, 21c; frvers colored, 2 pounds and over. 38c; broilers. ]% pounds and over. 45c: IV4 pounds and over. 40c; Leghorn broilers. IV* pounds and over. 37c; black springers. 23c.

In the Cotton Market

(Bv Thomson fz McKinnon' NEW YORK, March 11.—Better cables and the realization that Monday’s buying had been for trade houses opened the cotton market 20 points higher this morning. The price attracted profit-tak-ing by locals and a reaction of 10 points followed. There was some selling of distant months. The weekly trade report was a little more cheerful. Irrespective of the serious competition America has suffered from foreign cotton, it seems that the world is going to use this year an amount about equal to the world’s production. In other words, what excess we carryover will be offset by decreases in other stocks. It follows to our way of thinking that 14 cents has gon* a long way in discounting the present conditions. Possibly too far. The disposition of the farm board’s contracts will make a great price difference. Without discussing the final outcome, the taking up of a big line of spot cotton this summer may cause an advance almost as drastic as the decline has been. NEW ORLEANS —March 11— Hieh Low Close •January 14.76 March 13.88 13.80 13.38 Mav 14.18 13.98 14.13 Julv 14.39 14.21 14.39 October 14.48 14.34 14.48 December 14.68 14.58 14.63 NEW YORK Hi?h Lov Close January 14.91 14.75 14.91 March' 14 19 13.90 14.19 Mav 14.41 14.21 14.41 Julv 14.59 14.40 14.59 October 14.66 14.50 14.56 December 14.87 14.67 14.87 CHICAGO High. Low. Close. March 13.98 May 14.25 July 14.45 14.32 14 42 October 14.58 14.44 14.58 December 14.81 14.72 14.31

ler Furniture Company, a subsidiary of Doehler Die Casting Company, lt was announced today by H. H. Doehler, president of tlie latter. Kline Brothers Company reports sale* for February totaling $211,359, compared with $235,574 for the same month last year, an Increase of $15,785 or 6.7 pee cent. Sales for the first two months of the year amounted to $454,260. compared with $423,087 for the corresponding period of 1929, an Increase of $31,173 or 7.4 per cent. Sales of Borland Bhoe Stores. Inc., for February totaled $248,237 as against $193,217 for the same month last year, an increase of $55,010 or 2.85 per cent. Two months sales amounted to $495,686, compared with $424,491 for the corresponding period of 1929. an increase of $71,195 or 1.67 per cent. American Water Works and Electric Company. Inc . reports consolidated gross earnings for the year ended Jan. 31. 1930. of $54,344,430. a gain of $3,099,227 over gross of $51,245,203 reported lor twelve months ended Jan. 31. 1929. Preferred and common stock of TriContinental Corporation have been admitted to tradinr on the London Stock Exchange, according to word received by J. & W. Seligman A Cos. Outstanding securities of Tri-Continental Corporation consist of 435,650 shares of 6 per cent SIOO par value preferred stock, 2,000.150 shares of no par common and detached warrants to purchase 1,008,650 shares of common. Metropolitan Chain Stores. Inc., reports sales for February, 1930. totaling $994,539 against $882,353 in 1925, an increase of $112,186 or 12.71 per cent. Sales for the first two months of the year totaled sl,965.314 compared with $1,681,480, an Increase of $284,034 or 16.88 per cent. CHICAGO. March It.—Sales of the Automatic Washer Company during the year ended Dec. 31, 1939, reached the highest total on record. 52,001) units being sold during the year, returning a dollar volume of $2,884,417. The latter was an increase of 19 per cent over the 1928 total. Directors of Burco, Inc . have declared the regular quarterly dividend of 75 cents a share on the preferred stuck, pavabie April 1, to stock of record March Is. F. A: W. Grand-Silver' Stores, Inc., report total sales for February of $1,860.663 compared with $1,616,058 last year, a gain of $244,605 or 15.1 per cent. Total sales for the first two months of 1930 amounted to $3,613,229 against $3,076,908 a year ago. the increase of $536,321 being equal to 17.4 per cent. New York Curb Market (By Thomson & McKinnon) ' —March 11— Arkansas Gas 13% Assd Gas "A” 451 J Am Super Power ' 30% Blue Ridge Corpn " 13 Ctles Svc 39% Canadian & Uac (new) 39% Cons Gas Balto 114 Cord Corpn 15 Cracker Wheeler 32 Deforest Radio 4',* Durant Motors 6% Eisler Elec 20% Elec Bond & Share 100 Fokker 23 J * Ford Canada 30% Ford England 15 Ford France 7>/ 2 Fox Theater 8% Gen Elec England 11'* Deere & Cos 123 Goldman Sachs 44% Gulf Oil Penna 139’* Humble Oil 93 ',* Hudson Bay 12% Imp Oil Canada 25% Int Pete 69% Lehman & Cos 91 Mid West U New 36 V* Marshal Field Cos 18% Niagara & Hudson 15V* Niles B <fc P 39% Nat Inv 25% M K Pipe 25 Vi Ohio Oil 68%. Penroad Corpn 14% Pete Corpn 20% Prudential Inv 19% Rainbow L Pro 13 Vi Rt Regis New 23 Salt Creek 11% Selected Ind 9% Stand Oil Indiana 51% Stand Oil Kv 35 Stutz Motors 2V5 Thermoid Cos 23 V* Trans Cont Air Trans 9 United Gas 35% United Light & Power “A” 39% United Verde 12% Utility Eu 16% Vacuum Oi! 9°%

Hook Drugs, Snc. (An Indiana Corporation) COMMON STOCK HO PAR VALUE This stock is exempt from Indiana personal property tax and dividends are exempt from Normal Federal Income Tax CAPITALIZATION A uthorizei OuWaiuhni Ccmmon Stock (No p*r vlue) 250,000 shi. 123,750 shs. The Company has no preferred stock or bonds authorized or outstanding. The business has grown from one retail drug store in 1900 to forty-one retail drug stores in December 1929. Eighteen stores are located in Indianapolis, Indiana; eighteen stores throughout, the State in Bloomington, Terre I laute, Richmond, Muncie, Anderson, New Castle, Marion, Kokomo. La Fayette, Mishawaka, South Bend, liammond and Gary; and five in Louisville, Kentucky. The Company was reincorporated in February 1930, under the new Indiana Corporation Act, by reason of the benefits that would accrue to the Company and its stockholders. The management of the Company remains in the hands of those who have been responsible for the success of the Company. Fanud sha „ Stores on Common Stork 1924 18 £ $1.34, 1925 18. * 1.81 1926 211 J 1.85 1927 29" 2.14 1928 < 2.25 W--1929 '■ J. 41 v __ 2.62 (Estimate# \ Estimates for 1929 were made by the auditor of the Hook Drugs, Inc. Ernst and Ernst, Certified Public Accountants, who have audited the Company’s book* in each year, are ia the process of preparing the 1929 audit. A quarterly dividend on the present stock will be initiated April 1, 1930, at the rate of 25c per share in cash and 1% per share in stock, which is at the annual rate of SI.OO per share in cash and 4% per share in stock, or 8% per annum 9$ present price of the stock. This stock is listed on the Tndiartapoßs Stock Exchange W have acquired from (he Company and IndMdeal* * 4,143 iharea of stock which we era offerfna at tht* * time for public atbacriptioo at 525.00 pet share*' Fletcher American Company

PAGE 13

STOCK MARKET HITS NEW HIGH SALESFIGURES Industrials, Utilities and Amusements Make 1930 Records. Bh United Press NEW YORK, March 11.—'The stock market went through mixed changes most of the past week, hut the industrial and utility averages forged into new high ground before the trading was over. Sales were somewhat higher than the previous week with all the full sessions above the 3,000,000 mark and one near the 4,000.000 level. Several of the industrial leaders made new highs for the year. The whole amusement group made 1930 records and Warner Brothers Pictures made anew top for the present shares, having made up all of the loss incurred in the autumn break. Utilities were strong for a time, making a 1930 top in the averages. Later, however, this group met considerable selling and eased off. Rails did little more than hold their own in the face of lower earnings for January-. Steels were depressed by poor reports from the industry. Coppers improved for a time when reports of better buying of the metal came to light and when Kennecott directors paid the regular dividends. Oils were stronger on lower production and steps to curtail refining. Motors came forward late in the week with General Motors and Packard the leaders. The whole market was mixed on Saturday, notwithstanding an optimistic statement by President Hoover on the employment situation which he expected to be changed for the better by a substantial pickup in business in the next two months. The principal factor in the relative strength of the market in general was an easier tone in the money market. Call money and bankers’ aceptance rates dropped to the lowest levels in two years. Cali funds ranged between 4 and 3% per cent, and closed at the latter rate. The Bank of England reduced its rediscount rate from 4b to 4 per cent, and it was expected that the New York Federal Reserve bank, would lower its rate shortly. Brokers’ loans increased $94,000,000 for the week. New York Liberty Bonds —March 11— 3% .. 100. Ist 4%s 101.80 4th 4%s 101.21 Treasury 4V'*s 113. 4s 108.21 3%s of '47 100.20 3%S of '42 100.20 Building Permits J. D. Roth, fire loss. 3161 North Capitol, $350. J. Feldman, fire loss. 1914 South Meridian. $266. Adam Shen, fire loss. 2320 East Washington. S4OO. George Scheupp, fire loss. 1529 Shelby, SBOO. V. Carnett. repairs. 2054 Mabel. S2OO.