Indianapolis Times, Volume 41, Number 278, Indianapolis, Marion County, 1 April 1930 — Page 13

APRIL 1, 1930

WEAK FOREIGN REPORTS SEND GRAINS LOWER Conflicting Crop News Has Unsettling Effect on Futures. Bu Untied Press CHICAGO, April 1. Wheat opened nnevenly on the Board of Trade today in the face of weak foreign cables. No rain fell in the southwest overnight and this sustained the market. Liverpool was dull and declining owing to continued offers of Russian wheat and the prospects for rain in the southwest, Monday, with only the small Argentine offers holding the market. Buenos Aires opened lower, but reacted to stand Vs cent higher just before noon. Corn was uneven, but oats was firm. At the opening wheat was U cent lower to U cent higher, corn was J . cent lower to Vs cent higher and oats was % cent higher. Provisions were steady. Liverpool opened considerably lower and continued to fall during the day, icing 1 % to 1% cents lower late in the afternoon. While wheat traders admit there is little to base a bullish market on, unless there is severe crop damage in the southwest, there is not much inclination to press the selling side. A considerable short interest in present and foreign reserves are light, placing Europe in a different position than it was a year ago. Spreading operations in the way of buying corn and selling wheat gave the corn market some strength in the late trading Monday, and the unsettled weather forecast caused some buying. lowa had snow and sleet over night while Indiana had rain. The fundamentally bullish position is still favorably regarded. The buying of nearby oats by the cash trade offsets the selling mainly by the northwest but the market is still without any distinguishing feature. Chicago Grain Table April 1— WHEAT— Prev. High. Low. 12:00 close. Mar 1.10*4 1.09* 1.10 5 , 1.09*2 July 1.08% 1.07 1.08% 1.07*4 September ... i.10% i.09*8 I.lo’a 1.09 * CORN Mav 85*. .84 Vh .88 .84% July 87% .86% .87 .86*4 September ... .87% .86V* .87*4 .8618 OATS - Mav 44*8 .44 .44% .43*4 .lulv 44 .43% .44 .43% September ... .42% .42% .42% .42 RYE— Mav 64*4 .63*4 . 63*4 .63% July 70 V* .68*4 .70*4 .68*4 LARD— Mav 10.22 10.22 10.22 10.20 July 10.47 10.45 10.47 10.45 September .. 10 67 10.65 10.60 10.65 By Times Special CHICAGO. April I.— Carlots: Wheat. 33, corn. 234; oats 71: rye. 0. and barley. 8.

Local Wagon Wheat

Ciiv grain elevators are paying $1.02 for No. 2 red wheat and 96c for No. 2 hard wheat.

On Commission Row

Apples—Delicious, box extra fancy. $4.25: fanev. $4; Baldwins. $2.25@2 50: Northern Spies, $2 25: Winesap. $2.25(5)2.50. Grapefruit—Florida. $54J6.50. Grapes—California Alemeria. $3.75: Em perors. keg. $6. Lemons—California, a crate. $5 26. Limes—Jamaica. $2.50 a hundred. Oranges—California navals. $5.25®8. Fresh Strawberries—4o'. a quart. Vegetables Beans—Florida. $6 a hamper. Beets—Texas. $3.50513.75. Cabbage—News. 8c pound. Celery—Florida. $3.25#3.75 a crate. Cauliflower—California. $2.50(52.75 a crate. Cucumbers—Home grown. $4.25®5 e crate. Eggplant—sl.7s%2 a dozen. Kale—Spring. 90c to $1 a bushel. Lettuce—California Iceberg. $3.50#4 n 0 a crate: home grown leaf, a bushel $. 0# 1.35 Onions—lndiana yellow. $2 a 100-lb. bag white. $2.50 a 50-lb. bag. Parsley—Home grown. 50c doz. Peas—California. 45-lb. crate. [email protected] Peppers—Florida, a crate. s6#7. Potatoes —Wisconsin. $4#4.25 a 150-lb hag- Minesota $3.10 a 100-lb. bag; Red River Ohios. 120 'bs.. $3.75: Idaho Russets $4 a 100-lb. bag. New Potatoes—Florida Cobblers. $3.25 s 50-lb. crate. Sweet Potatoes—Nancy Halls. $1.75 r hamper: Opossum brand. Indiana lersevs $3.25 per DU Rhubarb—Home grown hothouse 6-lb bunch. 75c. Sas atras—lndiana. 30c a doe. Radishes—Home grown button. 85c doe Mustard—Home crown. $1.50 a bushel. Cucumbers—Howe grown. $2.25(52.75.

Investment Trusts

Bid. Ask. Am Founders new 24 % 25% Basic Industry Shares 9*. 10 Corporate Trust Shares 9% 10*s Diversified Trust Shares A 26 Diversified Trust Shares 8... 21 s * 22% Diversified Trust Shares C 9% 9% First Investment Corporation. 11 % ... Fixed Trust Shares A 22% ... Fix Trust Shares B 19** ... Investments Trust of N Y 12 12% Leaders of Industry 11’* 12% No Am Trust Shares *. 62 65 Power Sc Light Sec Trust 62 65 Revbarn & Cos 13 14% Standard Oil Trust Shares 10 12 S W Straus Inv Units 52 58 Selected Amer Shares 8 8% Trustee Standard Oil Shares... 101* ... V 3 Elec A Pow Shares A 41** 43% U S Elec Lt L Pwr Shares B 12 12%

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Tuesday April 1 $3,935,000: debits. $7,731,000. CHICAGO STATEMENT ItUnited Prr** CHICAGO. April I.—Bank clearings $138,400,000; balances $5.100 000. NEW YORK STATEMENT B Unitui I’rrxn NEW YORK. April I.—Bank clearings. $2,211 000.000; clearing house balance. $218.000.000: Federal Reserve bank credit balance. $197.000 000. TREASURY STATEMENT Bn Unit' >i /’re** WASHINGTON. April I.—Treasury net balance on March 29. was 5368.849.699.P2 customs receipts lor the month to the same date totaled $40,692,823.38; government expenditures on March 29. were -3.708.679.16. Marriage Licenses Eugene N. Powell. 27. of 1119 Windsor, •alesman. and Wanda C. Powell 20. of 1119 Windsor. Milton T. Jay 63. of Portland, physician. . r.d Ar.iia Grafton. 62. of 4065 Central. John D. Pearson. 26. of 3550 Balsam, salesman, and Katherine O. Collins. 25. of 3308 College. Erwin C Wetfel. 33. of 920 North Temple, butcher, and Berda Wiese. 24. of 920 North Temple. Willie L. Thompson. 22 of 1813’j Columbia. fireman, and Ruth Porter, 21. cf 1607 Y’andes. Albert A Crum. 24. of J 324 West Wilcox. barter, and Minnie M. Todd, 20. of 3324 Wilcox. Lon Whites. 23 of 3324 West Wilcox, metal worker and Ella '.'odd. 20. of 416 Moreland. Alfred Johpso - 23. and 432 Patterson, iouadrv. end Johnnie Ervin. 23, of 327 P ake. ele. k. Omer M. Shaw. 31. of New Augusta. farmer, and Cora S. Highutuie. 30 of New Augusta.

Boyce Enters Race for Job of Recorder

William A. Boyce Jr.

William A. Boyce Jr., former city clerk and bitter opponent of George V. Coffin, former G. O. P. boss, today announced his candidacy for the Republican nomination for county recorder. “Since Cofflnism and all that that term implies has been repudiated so thoroughly by the Republican voters, it must be very apparent to all that there can be no compromise with that discredited faction,” said Boyce in his announcement. Boyce is 34, is married and has one child. A graduate of Indiana Business college he is a senior in Benjamin Harrison law school. He is a Mason, director of the New Marion Club and an incorporator of the Citizens’ Republican League. As city e'erk from 1926 to 1930, Boyce incurred emnity of the Cof-fin-Duvall administrations. He also incurred Coffin wrath by certifying the city manager petition to council with aid of volunteer workers furnished by the City Manager League. ROADS BODY TO OPEN BiDS ON EXCAVATION April 11 Bale for Offers on Work, Highway Head Announces. The state highway commission will open bids April 22 on 11,500 cubic yards of excavation on Roaa 107 in Jefferson county, according to John J. Brown, director of the commission. On April 23, bids will be opened for 35,000 cubic yards of excavation on Road 33 in Clark and Floyd counties. Bids on 57,600 cubic yards of excavation on Road 150 in Harrison county and Road 35 in Harrison and Washington counties will be opened April 24. The excavation work is in preparation for future paving, Brown said. PURCHASE IS APPROVED Kentucky Independent Oil Company Is Bought by Shell. Purchase of the Kentucky Independent Oil Company by the Shell Petroleum Company at a price of $935,000 was approved at a special meeting of stockholders of the Kentucky company Monday, according to B. H. Bramlage, president. The physical assets of the Kentucky company are estimated at a minimum of $935,000 and the value of the current merchandise inventory placed at $65,000.

New York Bank Stocks

—March 31— NATIONAL BANKS Bid. Asked. America 138% 140 Interstate 53 ** 53% Chat Phenix National .... 137 138 First National 6.350 6,425 Public 143% 144% Manhattan & Cos 153 154% TRUST COMPANIES Bankers 168% 169*4 Chemical 88 89 Corn Exchange 242 243* 2 Irving 71 71* * Manufactures 150 151% New York Trust 308 311 Bank of United States .... 81% 81% Cent Hanover 392 395

Cash Hay

Indianapolis hay prices, f. o. b. country Eoints with freight rate to Cincinnati or •ouisville, 23'r cents or less: No. 1 timothy. $12.50; No. 2. $11.50: No 3. $10: No. I light clover mixed. 311.50: No. 1 clover mixed. $11.50; No. 1 clover. $10.50 Births Girls Carl and Ida Thomas, 2612 Eastern. Marion and Luelia Hargett. 1254 West Thirtv-first. Loren and Ruth, Stratton. 2609 Brookside. Cecil and Jessie Ross, Methodist hospital. James and Kathrvn Campbell, 2145 Brighton Blvd. James and Katherine Moreland, 922 North Milev. Henry and Matilda Hargraves. 208 West Morris. Fred and Dorothy McCormick, 810 Coffey. Roger and Mary Crowdus, 1445 Golav. Ransom and Ruth Sawin, Methodist hospital. Kenneth and June Rudd. Methodist hospital. James and Sarah Bonta, 1214 South Sheffield. Theodore and Margaret Stine. 1343 West Twenty-sixth. Bovs Audrey and Hilda Chamberlin. 1091 East Sixty-third. Lester and Emily Clark, 1348 Ashland. Carl and Nettie Nelson. 1815 Applegate. Phillip and Julia Deik. Methodist hospital. Einore arid Lela Putney. Methodist hospital. George and Esther Inman. Methodist hospital. Harold and Jessie Flovd. Methodist hospital. Chester and Mave Francis. 212 West Raymond. Melvin and Lula Do Bruler. 1637 Lexington. Deaths Edward N. Johnson, 56. 1203 North Euclid. cholecystitis. Wilhemina Wiedenhaupt, 89. 211 Kansas, chronic myocarditis. Frances Ragan. 44. 1703 North Delaware mitral insufficiency. Albert Smith. 30. city hospital, meningitis. Edward Stevens. ->O. 879 West E>' enth. acute cardiac dilatation. Nancv Pogue. 87. 4500 East Thirtyfourth, broncho pneumonia John R. Chalk. 63. 709 Dav. carcinoma. Minnie C. Horstmever. 76. 3144 North Capitol, cardio vascular disease. Minnie Anderson. 36. 723 Douglas, lobar pneumonia. Lucv Sparks. 60. 928 Vest North mitral insufficiency. Susan ComskL'sa. 47. 1022 West Morris, broncho pneumonia John Sarver. 60. citv hospital, mvocarditis. flora E. Snvder. 51, 1006 North Olney mitral insufficiency. Police Fire on Mob in India Rtf'l Hiiol Pres* CALCUTTA. India. April I.—Police twice fired on a mob of bullock car drivers too'ay in the mids. of a demonstration against police authority. Fire men were killed and sixty others were injured.

CURTAILMENT IS NEW GOSPEL OF GRAIN GROWERS Modern Paul Reveres Start Race Against Time for Farmer. Bu T’nited Prr'S CHICAGO, April I.—Two Paul Reveres of the wheat fields started a race Monday night through 20,000.000 acres of the nation's richest grain country to save farmers from the disaster which they believe farmers are about to bring upon themselves. The pair of Paul Reveres in reality were Dr. John L. Coulter, chief economist of the tariff commission, and James Howard, federal farm board representative. Their dash through the wheat country was to preach the gospel of curtailment. Farmers will start planting wheat now within two weeks and unless they can be persuaded before then to reduce their crops at least by 10 per cent, governmental experts predict the grain market will be so glutted that many growers will be ruined. Racing Time After making final plans for the race gaainst time in conference here with Alexander Legge, president of the farm board. Coulter said Howard hurried to Minneapolis. They will leave tomorrow for a quick jaunt through Minnesota, the Dakotas and Montana, spreading their 10 per cent reduction advice as they go. They hope to make radio speeches, talks in grange halls, and give newspaper interviews, all vehement enough to persuade tens of thousands of farmers to give over 10 per cent of their wheat acreage to other crops. “We have two distinct problems to deal with.” said Dr. Coulter, who devised the crop substitution plan after many years of study. “One deals with hard winter wheat, produced on some 13,000,000 acres and used chiefly for bread flour. Substitute Flax “The other has to do with durum wheat, produced on about 6,000,000 acres and used for such foods as macaroni. “Durum wheat is largely an export product and the European countries which have been taking it in the past now are practically capable of taking care of their own needs through increased production. This condition accounts for the great surplus and low prices on this type of wheat. “Our idea is to substitute flax for as much of this type of wheat as nossible. Fortunately, this country falls far short of producing enough flax to meet its requirements for linseed oil, paint and varnish.

The City in Brief

Frank P. Baker, candidate for the Democratic nomination for Marion criminal court judge will be the principal speaker at the meeting of the Young Democrats Club tonight at the Lincoln. Russell J. Dean will preside. Caller F. P. Temple has been elected president of the recently organized Fifth Ward Democratic Club, it was announced today. Alice Harrison is vice-president; Fred Kinney, secretary; Adele K. Davis, recording secretary, and Eugene Armstrong, treasurer. Meetings are held the second and fourth Friday nights of the month. The Theronoid Company, which has been located in the Lemcke building for the last six months, now is located at 415 Architects and Builders building. Washington township Democrats have opened headquarters at 6251 College avenue, where first meeting will be held April 8. Grover C. Parr, chief inspector of weights and measures, is acting ward chairman and Mrs. Grace Worrel is vicechairman. Falling from the side of a sanitary district garbage truck driven by Reno Baker of R. R. 3, Box 542, at New York and Delaware streets earlv today, William Mobley. 29, Negro, 1104 South Pennsylvania street, suffered a badly mashed foot when the truck passed over it. He was taken to city hospital. Students and alumni of colleges and universities wili be asned to join the Speakers' Forum, under plans made at the monthly dinner at the Spink-Arms Monday night. Dr. J. A. Pickard, Dr. John 51. Hagans of Kokomo and Dr. E. W. Cordingly of Clinton will speak at a meeting of the Indiana Naturopathic Association at the Severin Sunday. Making his last run Sunday. J. E. Craig, 66. of 3646 Station street. BigFour engineer, was retired after forty-six years’ service. Twenty mechanics who did outstanding work on the Circle Tower building will be given craftsmanship certificates by the Indianapolis Building Congress at 11:30 Friday morning. Captain W. F. Dalton, planes and training officer of the Eleventh infantry. -United States army, at Ft Harrison, will accompany mothers and widows of war mothers in a tour of France at government expense this summer, sailing April 16 on the U. S. S. President Harding. Indianapolis Merchant Tailors' Association meeting at the Columbia Club Monday night, elected Edward E. Treat president: August Julian, vice-president; Max V. Bailey, secretary, and William C. Leppert, treasurer. St-tte nurses examination will be conducted by the board of nurses registration and examination at the s.atehcuse. May 7-8, it was announced today by Miss Lulu Cline, secretary.

THE INDIANAPOLIS TIMES

New York Stocks —~(Bv Thomson & McKinnon) --

—April I—Prev. Railroads— High. Low. 12:00. close. Atchison 240% 239** 240% 239% Atl Coast Line ... ... 175 Balt & 0hi0....122% 122*4 122*4 122*4 Canadian Pac.. .. ... 212% 213 Chesa & Ohio 238* 2 237 Chesa Corp 80 Chi & N West 88 88% Chi Grt West.. 17*4 16*4 16% 17% C R I & P 124 i, 2 Del & Hudson’.‘.lßo 179*14 iBO 178*2 Del k Lacka... .. 149 Erie 60 59*4 59*4 60% Erie Ist pfd ... ... 67*2 Grt Nor 101% 101% 101% 101*4 Gulf Mob & Oil 42 *, 111 Central 129*; Lehigh Valley. . .. ... ... 8 4 Kan City South 9* Lou & Nash ... 137*4 Mo Pac ... ... 94% M K & T 64% 64 64 64 Mo Pac pfd ... ... 138*8 N Y Central ..189*4 189*4 189** 188% N Y C & St L 139 139 NY NH & H. . .127% 126% 127% 125% Nor Pacific ... 95 94% 95 95 Norfolk <fc West 260% O & W 16% 16% 16% 16% Pennsylvania .. 86*4 85% 86 85% P & W Va 115% Reading 123% 128% Southern Ry .. .. ... ... 130% Southern Pac.. ... 124 124’* St Paul 24*4 24% 24*4 24*4 St Paul pfd 43 42% 42*4 43% St L k S W* 68% 69% St L Si S F. ... 118% 117% 117% 117*2 Union Pacific ..241% 241 241 241% West Marvland 34 33*4 33% 34 Wabash 67*4 66% 67% 66*2 West Pac 30% 30 Rubbers— Ajax .. ... 2 2 Fisk 3% 3*4 Goodrich 57*4 57% 57% 57 Goodyear 95% 95 95% 96% Kelly-Spgfld ... 5*4 5 5*4 5 Lee 10*4 United States.. 8* 33% 33% 33% Equipments— Am Car <fe Fdy 71*4 71 71 70 Am Locomotive 87% 86% 87% 86 5 4 Am Steel Fd 49 % 50 Am Air Brake S 52*4 Man Elec Sup.. 38% 38 38 38% Gen Elec (new) 84 83% 83*4 84*’ Gen Rv Signal 104% 104 104% 103*4 Gen Am Tank. 104*4 105 N v Air Brake 45 45 Pressed Stl Car 13*4 14 Pullman 82% 82%8 82% 83 Westingh Air B ... 48% 48*4 Westingh Elec 186*4 185 185% 185% pp|^ Am Rol Mills.. 91 *4 91% 91% 91 Bethlehem 109% 109 109% 108*4 Colorado Fuel.. 71% 69*4 71 69*4 Crucible 90% 89’2 90% 89*4 Gulf States Stl.. 72 71% 72 70 Inland Steel 92% ... Otis 38% 38% 38% 38% Rep Iron & Stl 82*4 82 82 80 Ludlum 40% 40*4 40*4 39*4 Newton ... 54*% 59*4 U S Steel 196% 194% 196 193% Alloy 34% 34 34 34% Warren Fdy 33 33 Youngstown Stl 150% 149% 150 150 Vanadium Corp 111% 109 110% 111% Motors— Am Bosch Mag 52% Briggs . 19 18*4 18*4 19 Brockway Mot. 20 19% 20 19*4 Chrysler Corp.. 38% 38 38*4 38% Eaton Axle ... 34% 35% Graham Paige.. 13% 12*4 13*4 12’2 Borg Warner... 48% 47% 47% 48% Gabriel Snubbrs .. ... 9 ... General Motors. 49% 49% 49% 49*4 Elec Stor Bat.. 75% 75% 75% 76% H’ and on 56% 55% 56% 56% Hi "OS Body Corp 15 14 14% 14% Hupp 24% 23% 23% 24*4 Auburn 263*4 261% 261% 261% Mack Trucks .. 86*4 85*4 86% 85% Marmon 28% 28% 28% 27% Reo 13*4 13% 13% 13*4 Gardner 6% 5% 6% 5*4 Motor Wheel .. 33% 33% 33% 33*4 Nash 47% 47% 47% 47*4 Packard 21*% 21*4 21*4 22 Peerless 10% Pierce Arrow 28 28 Studebaker Cor 41% 40% 41% 41% Stew Warner .. 41*4 41% 41% 41% Timken Bear... 84% 84 84% 85*4 Willvs-Overland. 9% 9% 9% 9 s , a Yellow Coach... 25*4 25% 25% 26 White Motor 39% 39’% Mining— Am Smelt k Rfg 76% 76% 76% 76 Am Metals 48% 48% Am Zinc ... ... 13 Anaconda Cop .. 78% 78% 78% 78% Calumet Si Ariz ... ... 82*4 Calumet & Hecla 28% 28 28*4 28% Cerro de Pasco 60% 60% 60% 61% Andes 35 Granby Corp .... ... 58 57 Gt Nor Ore 22% 22% Inspiration Cop 28% 28% 28% 29 Howe Sound ... 38 38 Int Nickel 43% 43 43*4 43 Kcnnecott Cop 59% 59 59*4 50 Miami Copper.. 31% 31 % 31% 31% Nev Cons 28% 28*4 28% 28% Texas Gulf Sul 64*4 64% 64% 64% St Joe ... 54% 54% U S Smelt 35% Oils— Atlantic Rfg.... 50 49*4 50 47% Barnsdall (A).. 33 32*4 33 32% Freeport-Texas.. 47 46% 46% 47 Houston Oil 04% 102 103 102% Indp Oil & Gas 29% 29% 29% 29% Conti Oil 29% 28*s ’ 28% 28% Mid-Cont Petrol 32*/g 32% 32*% 32 Lago Oil & Tr 24 Pan-Am Pet 8.. 55% 55% 55% 55% Phillips Petrol. 38% 38% 38% 38% Prairie Oil .... 49% 49 49% 49 Union of Cal 45% 45 45% 46 Prairie Pipe .... 56 56 56 55% Pure Oil 25% 25% 25% 25-% Royal Dutch.... 53% 53% 53Vi 53% Richfield 26% 26% 2674 26% Shell 23% 23% 23% 23% Simms Petrol.. 34*/* 33% 34 34 Sinclair Oil .... 31 30 30% 36% Skelly Oil 37*% 37 37*% 3f% Std Oil Ca 1..,. 68 67% 68 66*4 Std Oil N J 75*4 74% 75 74 Std Oil N Y 35% 35% 35*4 35% Tidewater .... 16% 16*4 16% 15% Texas Corp .... 5814 58% 58% 58% Texas CSc O 13% 13V* 13% 13% Transcontl 20 19% 19% 19% Indian Refining. 2414 24% 24% 24% Industrials— Adv Rumely .. 20*4 19% 20*4 19 Allis Chalmers.. 65*4 64% 65U 65% Allied Chemical 303% 302 303*4 303% A M Byers 105% 104*4 105% 104% Armour A 7% 7% 7% 714 Amer Can 152% 152% 152% 15214 Alleghaney Corp 34% 34% 34% 34% Am Ice 40% 40% 40% 41 Am Wool ... 15 Assd Dry Goods 45 45 45 45 Bon Alum 6214 6274 62 % 60 Coco Cola 183V2 182% 18314 183% Conti Can 71% 70% 70% 7074 Certainteed ... ... 12% Croslev 18 18 18 17 Congoleum 18% 18% 18*4 18*4 Curtiss W 13 12** 13 12% Davidson Chem. 43% 42% 43 43 Dupont 140% 14012 140% 140 Famous Player.. 76% 75% 75% 76% Gen Asphalt.... 68% 68 68 67% Fox A . 3474 33 % 3474 34% Gold Dust 43% 42% 4374 42% Glidden 36 35 36 3o‘,a Int Harvester... 94 9374 94 94 Kelvinator 23% 23’s 23*4 237* Lambert 113 111% 112 1J.2 Loews 75 74% 75 74% May Stores 55 54% 54% 55 Kolster 5*4 5% 5% 5*4 Montgom Ward.. 3874 38’i 58% 38 1 Natl C R 66*4 65% 65% 66% Radio Keith ... 357s 35% 35% 35% Owens Bottle .... 582* Radio Corp 54% o3's o 4 j>4 8 Real Silk 62% 62 62 1 62% Rem Rand 43*4 42% 43 * 43 t Sears Roebuck... 85*4 84% 851* 84 * Union Carbide. .104*2 103*2 104 104** Warner Bros ... 78*4 78% 78% 18,2 Tin Air Craft .. 86% 86*2 86% 81% rrniv Pipe 7 7 7 6/8 USCs Ir Pipe.. 36 35 35% 35% U S Indus Aico. .. ... ... 103 Worthington Pu. 121% 120 120 120 Woolworth Cos.. 637* 63% 63% 63 Utilities — .... ... Am Tel Si Tel.. .264% 263*4 263% 264 Am Pr Si Lt ....117*3 117 117 117% Eng Pub Serv... 59*2 59% 59*2 59% Am For Power.. 94** 92% 92*s 93*4 Am Wat Wks.. .113 112 112 112% Gen Pub Serv 48*2 Col G& E 83% 82% 82*4 104% Consol Gas ....123*2 122% 122% 122% Elec Pow Si Lt.. 90 88% 88 89** Int T & T 72*4 70*4 71% 70*2 Nor Am Cos ....126*4 126 126’* 126 Pac Light 104*2 103 103 104 Pub Serv N .1 ..110*a 108% 110% 108*4 So Cal Edison .. 67% 66*4 67 67% Std Gas & E1...116*4 114*8 116 115 United Corp ... 44*2 43% 44*4 44*4 Utilities Power . 42*4 42 42 42*4 United GSc Imp. 116% 114*4 117 43% West Union Te 1.186 185% 186 184% Shipping— Am Inti Corp... 501i 49% 50_ 50% Am Ship k Com 1* I*4 1% 1% Atl Gulf Sc W I. 68*a 68% 68% 68*4 Inti Mer M pfd. 27*4 27’2 27*, 27 United Fruit ... 91% 91*4 91% 91 Foods— Am Sug Rfg.... 67% 67’ 67*1 67*,i Cudahy 46*2 46*2 46% 46 California Pkg.. 73% 73*2 73*2 73% Canada Drv 75% 74% 74% 75% Corn Products ..100*2 100% 100*2 100% Cont Bak A 37* 4 37 37 36% Borden 74** 74'* 74*4 74% Cuban Am Sugar 7 7 7 Grand Union , 17*4 17% 17% 17% Grand Union pfd 42% Jewel Tea 54 54 54 55 Kraft Cheese .. 48% 48% 48% 48*2 Kroger 42% 40 42*8 40 Loose Wiles .... 67% 67*4 67*2 68*s Natl Biscuit .. 89% 89 89 88*4 Puritv Bak 76% Loft 4*; 4*2 4*2 Gen Foods .... 50% 49** 50% 49% Stand Brands.. 26% 24% 25*2 14% Tobaccos— Am Sumatra... 17*4 17% 17% 17*4 Am Tob B 243*2 242‘2 243*2 242% Con Cigars 53*4 General Cigar.. 58% 58*4 58 2 58% Lig k Myers 114% 112% 113’* 112% Lorillard 27% 26*4 27*2 26** R J Reynolds. . 55** 55 s * 55% 55’* Tob Products B 4% 4% 4*2 4% United Cigar St 6 6 6 6 Schulte Ret Strs B*4 B*l 8% 9 NEW YORK COFFE RANGE March 31— High. Low. Close. January 7.64 7.64 7.64 March 7.52 7.49 7.52 \Ia v 7.45 7.42 7 45 July 8.11 8.01 8.11 September 7.87 7.80 7.87 December 7.50 7.69 7.69

PORKER PRICES DROP 50 CENTS AT STOCKYARDS Lower Trend Is Indicated in Cattle Mart; Sheep Weak. Mar. Bulk. Ttop. Receipts. 25. *10.20% 10.70 *10.70 4.000 26. 10.45 ft 10.95 11.00 2.500 27. 10.35'.; 10.75 10.85 3.500 28. 10.50"i 10.85 11 00 5.000 29. 10.15% 10.65 10.65 3.500 31. 10.00% 10.50 10.60 3.000 April 1. 10.00% 10.10 10.25 6,000 Porkers dropped sharply this morning at the Union stockyards, prices sinking 30 to 50 cents. The bulk, 150 to 250 pounds, sold for $lO to $lO.lO. Extreme top paid today was $10.25. Receipts were 6.000, holdovers 737Cattle receipts were 2.100. Slaughter classes were slow with indications lower. Veals were steady at sl4 down. Calf receipts numbered 1,300. Sheep were indefinitely lower with receipts of 1,000. Chicago hog receipts were 22.000, including 7,000 direct. Holdovers were 5,000. Today’s market held steady to 10 cents lower than Monday’s average. Choice 160 to 200 pound weights brought $10.25 to $10.30; 260 to 270 pounders. $9.65 to $9.70. Cattle receipts were 7,000, sheep 18,000. —Hogs— Receipts, 6,000; market, lower. Heavies. 300 lbs. up $ 9.25® 9.50 250-300 lbs 9.504i 990 Med wts.. 225-250 lbs 9.904)10.00 220-225 lbs 10.00% 10.10 Light wts., 160-200 lbs 10.004) 10.25 Light its.. 130-160 lbs 9.504) 10.00 Light wts.. 160-200 lbs 8.504) 9.25 Packing sows 7.75® 8.75 —Cattle— Receipts. 2.100: market, steady. Beef steers. 1,100-1,500 lbs. good and choice *12.00% 14.50 Common and medium 9.50% 12.00 Beef steers. 1,100 lbs. down. good and choice 12.25%14.75 Common and medium 9.25®12.2J Heifers. 850 lbs. down, good and choice H.50%'13.75 Common and medium 7.50%11.50 Cows, good and choice 8.50% 10.00 Common and medium 6.50® 8.50 Lower cutter and cutters 4.75# 6.50 Stocker and feeder steers. good and choice 10.00(311.50 Common and meduim 7.00#10.00 —Vealers— Receipts, 1,300; market, steady. Medium and choice $10.00(314.00 Cull and common 6.00#10.00 —Sheep— Receipts. 1,000: market, lower. Lambs, good and choice ......$ 9.00% 9.75 Common and medium 7.504/ 9.00 Ewes, medium to choice 4.004) 5.75 Cull and common 2.00# 4.00

Oilier Livestock By United Press CHICAGO. April I.—Hogs—Receipts. 22.000; including 7.000 direct: steady to 10c lower on tiogs, scaling under 220 lbs.; heavier weights, strong to 10c higher; top, $10.35 paid lor 110-190-lb. weights; all interests buying: butchers, medium to choice. 250-350 lbs.. $9.30%9.85; 200-250 lbs.. $9.50% 10.35: 160-200 lbs.. $9.50# 10.35; 130-160 lbs., $9.40% 10.35; packing sows. $8.25ft'9.15; pigs, medium to choice, 90-130 lbs.. s9ft 10. Cattle—Receipts, calves. 3,000; good and choice led steers with weight scarce, steady; top. $14.60: lower grades predominating and along with, most classes fat she stock weak to a shade lower; slaughter classes, steers, good and choice. 1300-1500 lbs., $12.50% 15; 1100-1300 lbs., $12.25% 15; 950-1100 lbs.. sl2# 15; common and medium. 850 lbs. up, $9.25% 12.25; fed yearlings, good and choice, 750-950 lbs., $12% 15; heifers, good and choice. 850 lbs. down. $11.25® 13.75; common and medium. sß# 11.25; cows, good and choice. $7.75%10; common and medium. $6.25# 7.75; low cutter and cutters. $5%'6.50: bulls, good and choice, beef, $8%:9.25; cutter to medium. $7% 8.25; vealers. milk fed, good and choice. s9ftT3.so: medium. sß#9; cull and common. s7#B: stockers and feeders, steers, good and choice, all weights, $10.25 % 11.75; common and medium. $8.25% 10.75. Sheepe—Receipts. 18.000; market, opened slow, scattered sales around 25c lower; early bulk fat lambs, $9%9.50: top. $9.75: fat ewes, quotable steady around $6.50 down: feeding and shearing lambs, nominal; lambs, good and choice, 92 lbs. dow'n, $8.75#10: medium, $8.25%9: cull and common. $7.75<8>8.25; medium to choice. 92100 lbs. down, $8#9.50; ewes, medium to choice. 150 lbs. down, $5% 6.50; cull and common. $2.50% 5.25: feeder lambs, good and choice, $8.75% 9.25, llir Times Special LOUISVILLE. Ky.. April I.—Hogs—Receipts. 500; market 35c lower; 300 lbs. up. $8.40; 225-300 lbs., $9.25; 165-225 lbs., $10.05; 130-165 lbs.. $9.15; 130 lbs. down. $7.25; roughs, $6.70: stags. $6.10. Cattle —Receipts, 100: market steady; prime heavy steers, 11%12.50; heavy shipping steers, $lO% 11: medium and plain steers. $8 50# 10; fat heifers, $8%.11.50;; good to choice cows. $6.50% 8.50; medium to good cows, $6% 6.50; cutters, ss#'.so; canners, $3.50i4.75; bulls, $6% 8; feeders, sß%' 10.75; stockers. $7.50#11. Calves Receipts. 200; market steady; tops, $11.50; good to choice. [email protected]; medium to good. s7#9; outs. $6 down. Sheep—Receipts. 50; market steady; ewes and wethers. $9.50%.10; buck lambs. $8.50%9; seconds, $6%7; sheep. $4.50%,5.50. Monday’s shipments: Cattle. 289; calves, 605; hogs, 303; sheep, none. By United Press CLEVELAND. April l.—Hogs—Receipts. 2,400; holdovers. 812; mostly 10®20c lower; 160-210 lbs., $10.30%.10.35: top. $10.50, 220250 lbs.. $lO% 10.10; 250-300 lbs.. $9.75; 300 lbs. up, $9.50 down; pigs, slo@ 10.25; sows, $8.50%8.75; stags. $6.50. Cattle—Receipts, 200; largely cows, around steady; fat offerings. $7%8.50; cutter. $5%.6.50. Calves— Receipts. 650; very, uneven, draggy and sharply lower; better grades down, others 50c to $1 down at sl4 and less, few $14.50, medium to clipped kinds, $10.50#13.50; culls downward to SB. Sheep—Receipts, 900; lambs, weak; clippers, sß®>9 or better. woolskins, scarce, sheep, steady, Bu United Press EAST ST. LOUIS. April I.—Hogs—Receipts, 21,000; market. 15c tOi2sc lover than Monday's average; 160-220 lbs.. $9.80#10; top. $10.10; 230-310 lbs.. $9.25% 9.65; sows, $8.25% 8.50. Cattle—Receipts. 3,800; calves, 2,000: market, indications, steers, steady; mixed yearlings and heifers, slow to weak; vealers, steady to 25c lower at $13.75; other classes, unchanged. Sheep—Receipts, 3,800; market, no early sales; indications lower on lambs. Bu United Press _ CINCINNATI. 0., April l.—Hogs—Receipts. 2.825; heldover none: mostly 25 to 35c lower: spots off more on pigs and heavy hogs: bulk good and choice 160 to 225 lbs.. $10.25# 10.30; 240 to 250 lbs.. $10; around 300 lbs., $9.50: bulk 120 to 150 lbs.. $9.75 to mostly $10; 90 to 110 lbs.. s9(l/9.50; bulk sows. $8#8.25; fed $8.50. Cattle—Receipts. 275: calves, 500; steady: few plain killers, $11#12; cows scarce: butcher grades up to*s9; low cutters and cutters. $5.25% 7; bulls. $7% 8.50; vealers barelj' steady: few strictly choice sl4; bulk good and choice. *13.50; less desirable. $9% 11. Sheep—Receipts. 150: lambs fully 50c lower; sheep steady: bulk good light shorn lambs. $9; strictly choice 80 to 84 pounds, 59.25; common and medium. s7# 8; inferior down to $5: choice light ewes, $6. 811 United Press PITTSBURGH, April l.—Hogs—Receipts, 600: market, 15c to 25c lower: 150-210 lbs . $10.65(1)10.75; 220-250 lbs.. $10.25; heavier hogs. $9.75% 10; 100-130 lbs . about $10.50; sows, *8.50% 9. Cattle—Receipts. 25: market, steady; few low grade cows, $6% 7.20. Calves—Receipts 75; market, steady; bulk vealers, $12") 15. Sheep—Receipts. 500: market steady to weak; clipped lambs. S9 %9.50; sorting light; shorn aged wethers. $6#6.75. Bu United Press TOLEDO April l.—Hogs—Receipts, 450market. 10% 20c lower: heavies, $9% 9.50; mediums. $9.35® 10; yorkers. *lO% 10.15: pigs. $lO% 10.15. Cattle—Receipts, light; market slow and steadv. Calves—Receipts, light: market, slow. 50c lower. By United Press EAST BUFFALO. N. Y., April l.—Hogs Receipts 800: holdovers. 1.200: generally is(i 25c below Monday's average; packers active at decline: bulk 130-210 lbs., *10.65%' 10.75; 220-270 lbs.. *10.25# 10.60; packing sows. $8.65% 9. Cattle—Receipts 50: nothing done oh holdover steers: notably steady at Monday's sharp decline; cows unchanged: cutter grades, $3.50% 6.25. Calves —Receipts. 200: veaiers steady: good to choice sl4 50 /15.50: common and medium, slo# 13 Sheep—Receipts. 100: limbs nominally steady, good to choice woolskins 90 lbs. below eligible. $10.25#10.50; shorn lambs. *9%9.50. Subsidiary Orgranized The Johns-Manville Sales Corporation has been organized by the Johns-Manville Corporation to handle the company’s domestic sales activities, it was announced today by L. R. Hoff, president of the new subsidiary.

Brought Back Memories

H B igrf \ j * \ &:- y mH

There’s nothing so likely to win an “Old Veteran’s” heart as quickly as the sight of filmy hoop-skirt—of the type their sweethearts wore when the “boys of ’6l” tramped off to the battle fields. J. B. Henninger, 1902 Ruckle street, melted with the attentions of Miss Nancy Gibbs, star of “The Little Rebel,” a stage show that brought back memories of “hoops that ’nigh wouldn't slip through a doorway,” to G. A. R. members who were her guests at the Lyric Monday.

Produce Markets

Eggs (country run) —Loss off, delivered in Indianapolis. 21c: henery duality. No. 1 24c; No. 2. 21c. Poultry (Duving prices)—Hens, weighing 4%c lbs.' or over. 23c; under 4% lbs.. 26c: Leghorn hens, 22c; springers. 4 lbs., or over. 21c; under 4*, 2 ibs., 21c; Droiiers, 1930. 32c: old cocks. 12# 15c; ducks. full feathered, fat. whiles. 12c; geese. 10c. These prices are for No. 1 top Quality, ducted by Kingan & Cos. Butter (wholesale) —No. 1. 44®45c: No. 2. 42 ft 43c. Butterfat —39c. Cheese (wnoiesaie seihng price per pound)—American loaf. 31c; pimento loaf, 33c: Wisconsin firsts. 27c: Longhorns. 34c. New York limberger. 36c. Bu United Tress NEW YORK, April I.—Flour—Dull and earlier: spring patents, $5.95% 6.25. Pork —Steady; mess, $35.50. Lard—Quiet; middle we-;t spot. $10,554) 10.65. Tallow Steady; special to extra. 6%%6%c. Potatoes —Did steady, new' weak; Long Island. *1.50% 5; southern. $2,754)9.25: Maine, $1,754)4.75; Bermuda, $64)13. Sweet potatoes: southern baskets, 75c4/$2: southern barrels, $2% 3.25; jersey baskets, 75cft $2.75. Dressed poultry—Demand good: turkeys, 27%42c; chickens. 184) 34c; capons, 30% 44c: fowls. 174) 32c; ducks, Long Island. 20ft 21c. Live poultry Steady to firm: geese, 13ftT8c; ducks. 144) 22c; fowls. 264/30c; turkeys. 25% 42c; roosters. 144/15c; chickens, 264/ 24c: capons. 22% 45c; broilers. 32"/43c. Cheese Steady: state whole milk, fancy to special, 24® 26c; young Americas, 22%„25c. By United Press CHICAGO. April I.—Eggs—Market steady; receipts, 29,068 cases; extra firsts, 214/ 24*/ 2 c; firsts, 23%4/23*4C: ordinaries. 22%% 23c: Seconds, 22c. Butter—Market unsettled; receipts, 17,612 tubs: extras, 3774 c; extra firsts 361%36%c; firsts. 33*4 %35%c; seconds, 31%32%c; standards, 37c. Poultry—Market firm; receipts, 1 car; fowls, 29c: springers, 30c: Leghorns, 26c; ducks, 20ft 23c; geese, 15c; turkeys, 25c; roosters, 20c; broilers, 38% 40c. Cheese— Twins, 18%%]19c: young Americas, 20c. Potatoes—On track, 283; arrivals, 63; shipments, 697; market strong; Wisconsin sacked round whites, $2,554/2.75; Minnesota sacked round whites. *2.504/2.55; Idaho sacked russets, $3,604/3.85; Colorado sacked McClures. $3.05#3.30. By United Press CINCINNATI, April I.—Butter, steady; creamery in tub lots according to score, 394/ 40c: common score discounted. 2% 3c; packing stock. No. 1,27 c; No. 2. 22c; No. 3.17 c; butter fat. 36%>39c. Eggs—Steady; cases. Included; fresh gathered, 24*/ 2 c; firsts, 24c; seconds. 21*/ 2 c; nearby ungraded. 24c; duck eggs, 33c; goose eggs, $1.30. Live poultry—Thin and coarse stock sells only at heavy discount; fowls. 5 lbs. and over. 26c; 4 lbs. and over. 27c; 3 lbs. and over. 27c; Leghorns, 3 lbs. and over. 26%c: roosters. 16c; capons. 8 lbs. and over 35c; under 8 lbs., 33c; slips. 21c: 1930 broilers, over 2 bis.. 42c; colored broilers, 1% lbs. and over. 42c; 114 lbs. and over. 37c; Leghorn and Orpington broilers. Hi lbs. and over. 30c: 1% lbs. and over, 36c: broilers, partly feathered, 25%.30c; black springers. 30c. By United Press CLEVELAND. April I.—Butter—Extras, 4114 c; extra firsts. 41c. Eggs—Extras. 25%c; firsts. 244/25c. Poultry—Fowls. 28c; medium, 30c; Leghorn. 25c; heavy broilers, 35% 42c; Leghorn broilers. 32ft 35c; ducks. 254/28c; old cock, 18c: geese. 154/20c; stags, 23c. Potatoes—Ohio and New York. $3.75 %3 85 per 150-lb. sack; Maine green Mt., $4 25 per 150-lb. sack; Idaho Russet, $4 per 100-lb. sack,

The Pennsylvania Railroad Summary of Annual Report for 1929 The 83R.D annual report of The Pennsylvania Railroad Company, covering operation* for the year 1939, will be formally presented to tire stockholders at the annual meeting on April 8, 1930. The report shows that net income in 79129 exceeded that of any year in the company’s history and was $18,951,324 greater than in 1928. Last year was the fifth successive year in which the net income exceeded that of any previous year. Net income, amounting to $101,378,518, was equivalent to 17.64% upon the outstanding capital stock at the close of the year as compared with 14.69% upon the amount out* standing at the close of 1928. Net Income per share (par SSO) was $&-Bi, compared with $7.35 in 1928. OPERATING RESULTS 1429 ha— our Ml) Total Operating Revenues were s6Ba,7av>iX Total Opesatino Expense* were 49 tx# 78.9$* Lsavdig Net Revenue of $189,551,339 $19,156/57 Tates amounted to 40,518,595 Eomrumr. Joint Fachjtt Rents, etc, amounted t 0......... 15,894,118 45L77 Leavwo Net Railwat Operating Income of $133,139,626 $1(^03x6401 Income prom Investments and Other Source* amounted to.. 48,791,500 4,15 5^4-; Mahno Gross Income of $181,931,06 btußM Rental Paid Leased Lines, Interest on Funded Debt and * Other Charges amounted to 80,55x608 1,336.1 5& Leaving Net Income (Equal to 17.64% 00 Capital Stock) of.. $101,378,518 siß#sX3*4 After providing for the payment of 8% dividends to the stockholders and for inkinganc£ other reserve funds, $48,925,596 was credited to Profit and Loss account. # * * Last year’s satisfactory results were attained through the helpful cooperation and or the shippers, patrons and stockholders and the continued efforts of the officers and] employes to conduct the company’s service to the public expeditiously, efficiently and economically. W. W. ATTERBURY, Ffol adelfihui. Pa., March 31st, 1930* Pra4a*l l The Pennsylvania Railroad Carries More Passengers, Hauls More Freight Than Any Other Railroad in America SHIP AND TRAVEL VIA PENNSYLVANIA SkxkktUtT! may akm ctfiei of the Annual Rt+art from I. Taney Willeoa, Secretary, Broad Stroet Slam n, Philadelphia, Pa.

MERGER IS DENIED Rumor Discredited by Tire Company Official. By United Press AKRON, O, April I.—Rumors of impending merger of Goodyear Tire and Rubber Company with Seiberling and United States Rubber, were further discredited today by P. W. Litchfield, who was re-elected president of Goodyear Monday. “No merger proposals came before the board and no such action is contemplated.” Litchfield said. Stockholders Monday also elected Litchfield to serve as chairman of the new board of directors, which is virtually dominated by representatives of the Eaton-Otis financial group. ANDERSON ENTERS RACE Lodge Secretary G. O. P. Candidate for County Councilman. William Anderson, 54, of 3017 North Capitol avenue, secretary of the Indianapolis lodge. Loyal Order of Moose, has announced for the Republican nomination for county councilman for the second district.

When You Think of Investments in Terms of Income Investigate AMERICAN LOAN COMPANY 7 % Preferred and Common Stock Non-taxable . . . Non-speculative investment yielding attractive quarterly income UMPHREY & HARTZ 347 Bankers Trust Building Lincoln 8439

PAGE 13

STEEL SHARES LEAD MARKET IN NEWSPURT Profit-Taking Holds Da Gains in Utilities Up.

Average Stock Prices

Average of thirty industrial! for Monday was 286 10. off .09. Average of twenty rails was 157 28. off .66. Average of twenty utilities was 10.13, up .72. Average of forty bonds was 95 41, off .10. Bu United Press NEW YORK, April I.—Steels, oils and utilities featured the stock market in the first half of the session today while the industrials lagged behind fractions to a point as a result of profit-taking. United States Steel common continued its march toward the 200 mark, making anew high for the year at 197. up 3’*, around noon. Bethlehem Steel crossed 110 for the first time since the autumn break compared with the previous close of 108'.., Youngstown Sheet and Tube hit anew 1930 top at 150 Vi where it was up fractionally. Communications Rest Republic Iron and Steel and Republic Steel Corporation certificates spurted sharply. In the utility division the communication issues rested while Standard Gas rose 5 to 120, American and Foreign Power life to 95, Public Service of New Jersey 3% to 111% and American Waterworks 21* to 115. In the oil group new highs for the year were made by Sinclair, Atlantic Refining 50%, up IV6, and Standard Oil of New Jersey 75?*, up 1%. Texas Corporation rose % to 59*%. Industrials i/ose Shortly after noon a block of Bethlehem Steel appeared on the tape at 110 for 13,000 shares. This represented bunched orders. It represented a turnover of $1,430,000. While the steels were carreid to a new high ground on huge turnover, small losses were recorded in many other industrials. Westinghouse held around 184Ik, off 1%, while General Motors, Packard, American Can and several others lost f *'-> tionally. Radio Corporation General Electric were dowm r each at 53 l ; and 83's, re^||i Insurance Mv j"' “Our ResponsibilifiCTpli t. theme discussed at the ant. <ec\ ing of the Health and Accider?. Urn derwriters’ conference to be held aw Lake Wawasee, June 3 to 5. The material and economic structure of insurance will be another subject for discussions.