Indianapolis Times, Volume 41, Number 279, Indianapolis, Marion County, 2 April 1930 — Page 11

APRIL 2, 1930.

GRAIN MARKET IRREGULAR ON CROP REPORTS Liberal Offers of Russian Wheat Hold Down Advances. ftp r ntrrl f’rrn CHICAGO. April 2. Wheat opened unevenly higher on the Board of Trade today. There was no rain, as had been forecast in the southwest, and the weather there is clear and cool. Liverpool was firm on the strength here and in Argentina Tuesday, the market being nervous and easily influenced though the liberal Russian offers are holding the advances in check. Buenos Aires was strong late Tuesday. but opened ', cent to T ANARUS, cent lower today. Com and oats were firir Liverpool opened strong following the advance hre Tuesday and at ► mid-afternoon was 1 : cents to 2 - cents higher. Shorts in wheat are uneasy over the weather in the southwest and their buying has been responsible for a good part, of the recent advance. It is generally believed that there are several short lines outstanding and consequently the weather is the ruling influence. The private reports on conditions of winter wheat on April 1 are due today and are expected to show 82 per cent of normal, about the same ► as last year. Com is well regarded, owing to the strength of the cash market and the steady decrease in stocks, a big portion of the local supply being booked to move out with the opening of navigation. Shorts are somewhat uneasy. Oats has been largely neglected of late, with the interest centered in corn and wheat. The weather is again favorable for seeding operations and they arc proceedin' l in the more southerly portions of the belt. Chicago Grain Table April 2 WHEAT— , , P r V'HWi. Low. 12:00 close. Mr 1.12% Lit’. 111 ' 1 1.11 N , u.:v I.ll’ . I.tn’„ l.lf” l.lo>„ (Sept 1.13’. 1.12’. 1.1?% 1.12 s COHN - May - .86' 85% *S% .tulv .68 .87' .77% .87% gept 88 ’. .R7S SR .88 i OATS— Mav .44 7 4*% .44 , .44% July 44 ’ 14 *t 44% s 4 % Sept 43% 43 .43' 43 RYE— May •••••••• -67 .66% ,6(j44 .65-8 July 73 .72 .72 .71 Sept 77 .75% .75% .74’. LARD— Mav K % 10.35 1(i.40 10.30 .Tulv lot 10.60 10.65 10 55 Sew 10.85 10.75 10.85 10.73 f By Times Spcr.'af , CHICAGO. April 2 Cs riots: Wheat. 11: L corn. 129; oats. 46: rye. 0. and barley. 3.

Cash Hay

Indianapolis Lav mice.', t. o. b. country points ' ;*h frtimit .ate to Cincinnati or Lo’iist ili*. 23’ ct i. or le.*.** No. 1 tunOth> $12.50: No. 2 *11.50’ No. 3 *10: No. I lhrhl clover n ixeti. *ll 50: No 1 c*o’. *l* mixed SJ t.SO_ No 1 <-!n'er *IOSO

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Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Wednesday. April 2, were $4.192.000: debits 5*.263.000. CHICAGO STATEMENT ft v I nit< ft /'re** CHICAGO April 2.—Bank clearings. *120.000.000 balances. *9.000/, 000. NEW YORK STATEMENT I ft Unit' 'I l‘n ** NFV. YORK. April 2. Bank clearings. I * 1.9R2.000.000: clearing house balance. 5250.000.000 l-deral reserve bank credit balance. $223,000,000. TRI AS! ItV STATEMENT Bv I ill. <! Per** WASHINGTON. April 2. Treasury net balance on March 31 vas 536R.767 814 65. < istoms receip’ for the month to the .•/■me date totaled $42.6/10.037.97; governin' ’ oxpenditures on March 31. $6 403,- ; 222 23.

New York Bank Stocks

—April 2 National Banks Bid. Ask. j America 139 141 I Interstate 53 53 ’ a Cha< Phenix National 136 139 Public 143% 144 Manhattan A- Company 152 152% Tru t Companies Bankers . ....176 177 Chemical 87 87% Manufacturers 148 150 Wen York Trust 313 323 Bank of United State* 79 79% ! Cent Hanover 388 3SI

Produce Markets

Eggs (country rum—Loss off. delivered I In Indianapolis. 21c: fcenerv aualitv No. 1 i 24c: No. 2 21c. I Poultry muylng prices)—Hens, weighing 4%c lbs. or over. 23c: under 4% lbs.. 26c ! Leghorn hens, 22c: springers, 4 lbs., or Over 21c. under 4Vs lbs.. 21c; orollers. 1930. 32c: old cocks. 12015 c: ducks. full I feathered, fat. whites. 12c: geese. 10c. These prices are for No. 1 top quality | aucted bv Kingan A: Cos. ’ Butter (wholesale)—No. 1. 44@45c: No i >2. 42 b 43c. Butterfat—39c. I Cheese (wno)Cjue selling price per , I pound!—American loaf. 31c: pimento loaf I ! 33c: Wisconsin firsts. 27c: Longhorns 34c 1 ! New York limbercer. 36c. ft V / % if"/ Press i NEW YORK. April 2 Flour—Quiet and j iirin; spring patents, S6(O 6.25. Pork - Firm, i mess, $30.50. Lard Firmer; middle west | spot. *10.60>/ 10.70. Tallow- Steady; spe- , ci.il to extra. 6%®6%c. Potatoes—New. i dull and weak: old. steady: Long Island. I $1.50u 5.25; southern, $2.50® 9.50; Maine. | $1.75 a 4.75; Bermuda. $57; 1.25. Sweet potatoes- Firm; southern, baskets $1.50® 3.10; Jersey, baskets, 75c® 2.75. Dressed I poultry Steady; turkey;., 27®,42c; chick - >•!/*!. 18® 34c: capons. 30" 44c; sow ls, 17® I 32c ducks. Long Island, 20® 21c. Live 1 poultry Steady to firm: geese, 13® 18c; tducks 14 ‘i 22c: fowls. 26® 34c; turkeys. •27 '/ 42c; roosters. 13® 14c: chickens 29W ; 34c; capons, 22® 45c; broilers, 26® 43c. Cheese Steady; state whole milk, fancy I to special, 24® 26c; Young America, 22 | ® 25c. ! ftv rutted Press I CHICAGO. April 2 Eggs Market, firmI er; receipts. 15,392 cases; extra firsts. 24% 1"25c: firsts. 23%®'24c; ordinaries. 22%®’ 1 23c; seconds, 22 %c. Butter--Market, unI settled: receipts. 6,986 tubs; extras. 37c; i extra firsts, 36®36%c firsts. 33%®'35%c; i .seconds.. 31® 32’1-c; standards. 37c. Poultry i -Market, firmer; receipts, 2 cars; fowls, i 30c; springers. 30c; Leghorns. 26c; ducks, i"0 /23c. geese. 15c: turkeys, 25c; roosters. ! 20c: broilers. 38® 40c. Cheese—Twins. 18% |®l9r; Young Americas. 20c. Potatoes—i Or. track. 267 cars: arrivals. 89 cars; shlpi mem.-, 897 cars: market, strong; WlsconI sin lacked round whites. $2.75® 3; Minnesota sacked round whites, $2.65®2.75; Minnesota Red River Ohios, $5303.10; Idaho i .-acker! Russets, $3.80® 4. Apples—s3®,4.2s j per box, western.

Local Wagon Wheat

Citv plain elevators are paying $1.03 for j No 2 red wheat and 97c for No. 2 hard wheat. Arrested as “Walking Arsenal" /)-. i , :i,d ss NEW YORK. April 2.—Henry D. Neighbors, Cliicago salesman, was arrested today, allegedly armed with a Fountain pen poison gas gun and i an automatic pistol, on charges of | forgery and carrying concealed * weapons.

OLD FAVORITE LEADS LIST IN STOCK TRADES Radio Corporation Regains Former Activity in Fast Turnover.

Average Stock Prices

Average of thirty industrials for Tuesday was 287.11, up 1.01. Average of twenty utilities was 106.63, up .50. Average of forty bonsd was 95.35. off .06, ft/' United /’rex* NEW YORK, April 2.—An old favorite Radio Corporation came back to command stock market attention today and bustled to anew high of the day at 58, with great strings of stock amounting to 5.000 and 15,000 shares reeling out of the tickers. But Radio held command over a market that otherwise was irregular. Coppers moved into new highs on the movement, but utilities commanding the market for the last week lost their drive, while rails were dull. Profits Are Taken In the second hour heavy profittaking came into United States Steel. American Can, Packard, Standard of New Jersey, Bethlehem Steel, Columbia Gas, United Gas Improvement and several other leaders. These stocks broke fractions to a point below the previous close, but were rallying around noon At that hour steel was at 196%, off % from the previous close, but up a point from the early low for the day. Radio, on the other hand, was around its high for the day. Small gains ranging to a point or more were made by Montgomery Ward, Gillette, National Cash Register, United Aircraft, Johns-Man-ville, Westinghouse Electric and General Electric. In the utility division American and Foreign Power rose 1% to 94% and Electric Power and Light moved up 1% to 97%, while Consolidated Gas lost ground after making anew high for the year at 127%, up 1. Coppers Rise Anaconda Copper rose above 81 to new' high ground for the year and American Smelting made anew 1930 top above 79 In the best buying these and other coppers have had in many w'eeks. On the bulge, however, considerable stock was thrown on the market and the issues eased off from their highs. Several special issues made wide gains. Savage Arms was carried up 55 points to 31, while Worthington gained nearly 7 to 132% and Columbia Carbon 2% to 184%. Call money renewed at 4 per cent and held steady at that figure.

Investment Trusts

Bid. Ask. m Founders new 24% 25% aslc Industry Shares 9 '•* 10 Corporate Trust Shares 9% 10% Diversified Trust Shares A.... 26% ... Diversified Trust Shares 8... 21% 22% Diversified Trust Shares C 9Vs 9% First Investment Corporation. 11% ... Fixed Trust Shares A 22V* ... Fix Trust Shares B 19% ... Investments Trust of N Y 12 12% Leaders of Industry 11% 12% No Am Trust Shares 62 65 Power tc Lidht Sec Trust 62 65 Revbarn * Cos 13 14% Standard Oil Trust Shares 10 12 3 W Straus Inv Units 52 58 Selected Amer Shares 8 8% Trustee Standard Oil Shares... 10% ... TT s Etec & Pow Shares A.... 42 44 U S Elec Lt L Pwr Shares B 12 12 %

Candidates

Filed at the statehouse: Julius G. Schwir.R (Deni.), Lawrencebtirfr. Joint senator. Dearborn, Riplev and Jenntnprs. Wilfred Bradshaw. (Dern.l, Indianapolis, representative. Marion county. Fred M. Foster (Dem.L Indianapolis, representative. Marlon county. Fabius Gwln (Dem.l. Shoals. Joint representative. Martin and Du Bois counties. Logan Staples (Rep.). Columbia City, joint representative. Allen and Whitley counties. Henry L. Pieummer <Rep.). Columbia city. Joint senator. Huntington and Whitley counties. Ferd Lltterer (Rep.). Decatur, Judge, Twenty-sixth Judicial circuit. Wilber N. Hottel (Dem.). Salem, judge, Forty-second judicial circuit. Lee Vellon (Dem.). Saltillo, joint representative. Washington and Orange counties. Henry U. Fosbrink (Rep.), Vollonia, joint representative, Jackson and Brown counties. Lonzo L. Schull < Rep.). Sharpsvllle, Joint senator, Tipton. Hamilton and Boone counties. Arthur C. Van Duyn (Dern.l, Greenfield. Judge. Eighteenth Judicial circuit. Alexander E. (Lek) Draper (Dem.), Sullivan. representative Sullivan county. J. Edward Barce (Dem.). Fowler, prosecuting attorney. Seventy-fifth Judicial circuit. Elmer N. Wedertz (Rep.), Ft. Wayne, representative Allen county. Joseph R. Scott (Rep.). New Albany, representative Floyd county. George Mock (Rep.), Bluffton. Judge. Twenty-eighth judicial circuit. Lew S. Core (Dem.). Elnora. representative Daviess county. Harvey Hartley (Dem.). Peru, prosecuting attorney. Fifty-first judicial circuit. Ben M. Scifres (Dern.l, Lebanon, prosecuting attorney. Twenty-fifth Judicial circuit. Joseph E. Leslie ißep.l. Marion, representative Grant county. Albert F. Walsman (Dem.), Indianapolis, representative Marion county. William E. Wilson (Dem.), Evansville, congress. First congressional district. Daniel Wayne Combs (Dem.), Bicknell, prosecuting attorney. Twelfth Judicial district. Lewis M. Thompson (Dem.), Carlisle, ■ representative, Sullivan county. Sherman N. Geary (Rep.), Earl Park. ! joint representative. Benton and White [ counties. Everett 8. Friddy (Dem.). Warren, rapi resentative, Huntington county. James W. Gray (Dem.), Rockville, repre- [ sentative, Adams county. William S. Coleman (Rep.), Carthage, i Joint representative. Rush and Henry j counties. i Lerov C. Hanby (Dem.), Connersvllle, i prosecuting attorney, Seventy-third judii c.al circuit. Kenneth G. Brattain (Dem.), Noblesvllle. prosecuting attorney, Twenty-fourth judicial circuit. Walter Pritchard (Rep.), Indianapolis, judge criminal court, Marion county. Frank C. Unger (Dem.). Farmland. Joint senator. Randolph and Jay counties. Alden E. Petro (Dem.). Losantville. representative, Randolph county. James C. Wilson ‘Rep.). Evansville, representative. Vanderburg county, j Roy Siebeking 'P.ep.'. Cypres*, represenj tative. Vanderburg county. 1 William P. Den-.ingan ‘Dem.), Vincennes, senator, "Knox and Davie* counties. : —-

THE INDIANAPOLIS TIMES

New York Stocks " ~" ißv rnonisoD & McKinnon i —April 2 Railroad*— Prev. High. Low. 12:00 close. Atchison 239% 238 238 239% Atl Coast Line .. 175 Balt & Ohio 1217. 122 Canadian Pac .... ... 212 212 Cbesa & Ohio 237% 238% Chesa Coro 79 79 Chi ii N West 87% 87% Chi Grt. West. . 16% 16% 16% 16% C R I & P 124, Del. & Hudson.. .. ... 179% 1(9% Del & Lack* ... ... 147% Erie 59% 59% 59% 59% Erie Ist ofd ... ... 64% Grt Nor ... ... 101 * Gulf Mob A: Oil 41% 111 Centra! 130% 130 130 130% Lehigh Valley... 84 83% 84 83 Lou & Nash , 138 MK & T 65% 64% 65% 64 Mo Pac ofd ... •• 138% N Y Central .. ... ... 189® N Y C A- St L 139% N Y N H & H 125% Nop Pacific .. 94% 94% Norfolk A West.. .. 261 O & W ... 16 Pennsylvania .. 86% 85% 86% 85% P & W Va : • 108 Reading ... 128 128 Southern Ry ... J??. 2 Southern Pac ... 123 124 i St Paul . ?4% St Paul pfd 42% 42% 42% 13% St L& S W .... 68% St L&. S F 118% 118 118% 118 Texas & Pac 129% 127 Union Pacific • West Maryland. 33% 33% 30% 33% Wabash . ... 65% 66% West Pac *’•• 29% Rubbers— Ajax 2% 2% 2% 2% Fisk 5 4% 5 4% Goodrich 56% 56 56% 56% Goodyear 94% 94 94 95 Kelly-Spgfld 5% 5% Lee .. ... 10% 10 United States.... 34 33% 33% 33% Equipments Am Car & Fdy.. 74 737* 74 71 Am Locomotive.. .. ... .... 49% Am Steel Fd 49% 49% Am Air Brake Sh . , 52’% Man Elec Sup 37% 38% General Elec... 85 84% 84% 84% Gen Rv Signal. .103% 102% 103% 103 Gen Am Tank.. 111% 110% 111% 109% N Y Air Brake.. 45 45% Pressed Stl Car.. .. ... ... 14 Pullman 84% 83% 84% 83% Westingh Air B. .. . . 43% 48% Westingh Elec . .188 XBG 186 186 Steels— „ „ Am Rol Mills. ... 92 91% 93 91% Bethlehem 109% 108:,. 109% 109% dorado Fuel.... 73% 72% (2% 72Crucible • * Gulf States Stl. ‘2% .2% Inland Steel.... . •• 94% 93 a Otis ~ . • • • *>B * Rep Iron & Stl.. 82% 82% 82% 82% Ludlum 40’ i 40% 40% 40 a Newton .. ... 54 53 * U S Steel .....197% 197% 197*i 197% Alloy 34% 34% W'arren Fdy , . •• • •• .*•> Youngstwn Stl 149% 149 149 149 Vanadium Corp 111 2 ,* 109% HO I ,® 108 * Motors— Am Bosch Mag. .. ... 51 52 Briggs 18% 18% 18% 18% Brock way Mot.. .. ... ••• 19, a Chrysler Corp.. 38% 38% 38% 38% Eaton Axle • * 35% 34% Graham Paige.. 12*;* 12% 12% 12.a Borg Warner... 50 49% 50 49 Gabriel Snubbrs .. ... 10 10 General Motors 49% 49% 49% 49, Elec Stor Bat.. 76% <6% 76% <6% Hudson 56% 55% 55% 56 Hayes Body Corp .. ... ‘4% Hupp 24% 24 24 24 Auburn •• 2 25' 2 Mack Trucks... 86 85% 86 85* Marnton 28% 28% -8% 28 Reo 14 .13% 14 13% Gardner 7 6% 6ye Motor Wheel Nash 47% 47% 47% 4(% ‘Packard 22% 21% 22 22% Peerless .... 10% 9% 9% 10Va Pierce Arrow . .28% 28_ 28% 28 Studebaker Corp 42’® 41% 42 41 A Stew Warner.. 44- 43% 44 43 Timken Bear ... 85% 34% 85% 84® Willvs-Overland 9% 9y* Yellow Coach.. 26 20% 25% 25'a White Motor 39% 39% 39% 39% Am Sm*lt & Rfg 79% 78 78‘'a 77% Am Metals 48Va 48% 48‘,a 48 ? Am Zinc 16 14% 16 14% Anaconda Cop.. 81% 80% 81% 80/a Calumet & Ariz 8.3% 82% 83% Calumet & Hecia 30 28 2 A 30 28 A Cerro de Pasco 64 63% &4 61 2 Andes 37% 36% 37 ~* 35 a Granby Corp... 50 oS'/o 59 oo Gt Nor 0re..., 22% 22% 32% 22 * Inspiration Cop 29% 29% 29 A 29 Howe Sound 39 38: 39 36 Int Nickel 43% 42% 43% 42 ? Kennecott Cop.. 61% 59% 61% 59 * Magma Cop ••• 52 2S 0 Miami Copper.. 32% 32 Vi 32% 32 Nev Cons 31% 30 31 2 29 * Texas Gul Sul.. 64% 64% 64% 64-a St Joe 54*% 54% 54% 54% U S Smelt 35% 35’,* 35% 35% Athintlc Rfg .. 50 49 ii 49% 50% Barnsdall (A).. 33% 33 33 * 32 /a Freport-Texas.. 47-ia 46 2 A 47% 47 Houston Oil ...104 103% 103 s 103 * Indp Oil & Gas 3i% 31 31,? 2i Conti Oil 29% 28% 29® 29 Mid-Cont Petrol 32’,i 32Va 32% 32 Lago Oil & Tr. .. ... 24 * Pan-Ain Pet B 56 56 o 6 55,a Phillips Petrol.. 39% 39 39% 39 Prairie Oil .... £3 52% 53 53 ® Union of Cal.. 47 47 47 46% Prairie Pipe.... 5i 57 57 Pure Oil 25% 25% 25% 35-4 Royal Dutch 54% 54% 54% 54 a Richfield 27 % 27% 27% 27 Sheli 24 23% 24 23'/a Simms Petrol... 33% 33 33 34 Sinclair Oil .... 31 % 31 31 31 a Skelly Oil 39 38% 38% 38 Std OH Ca 1.... 69% 68*1 69% 68% Std Oil N J 76% 76% 76% .6% Std Oil N Y 36 35% 36 3a% Tidewater 16% 16% 16A 16* Texas Corp 59% 59 59% 58“ Texas C & 0.... 12% 12% 12% 12% Transcontl .... 19% 19% 19% 19 a Indian Refining 24% 24% 24% 24 Industrials — 01 , Any Rumely ... ••*,, J® ,2 Allis Chalmers.. 67% 66% 66*2 66 a W B^ e s m . l . ca !.i6i% 104’a' 104% Amer Can 153% 152% 153 i52% Alleghany Corp 33 :s 33 5 A 33 * 33 ,a Am Safety Raz.. .. ... ... 62,2 Amer Ice ...... 40% 40% 40% 40k Am Woolen .... 14% 14% 14% 14,2 Assd Dry Goods 46% 46% 46* 46% Bon Alum 68% 67*% 67/a 65 Conti Can .... 71% 70% 71 % 70% Certalnteed .... 13% 13% 13 l3 * Congofeum 18% 'lB% 'lB% 18% Curtis W 13% 13% 13 ® 13 ,a Davidson Chem 42% 41% .42% 42.2 Dupont 140 189% 189.? 189 Famous Players. 77 76% (6% 76,2 Gen Asphalt .. 68 67 67 4 66 ? Fox A 34% 34% 34% 34* Gold Dutt 43Ya 43% 43% 43 Glldden 35% 35% 3d% 35% Int Haivester.. 9a% 95 95 92% Kelvinator 23% 23 23 22/a Lambert 111% 111,, llij* IJH 1 Loews 80 79% 79 s * I®., Mav 3tores .... 55% 55 55 55,* TTrvfcfAr 4 7 i* 4 4 7 8 Montgom Ward! 11% 40% 41% 40% Natl C R 68 68 68 67% Radio Keith .... 38% 37 37% 36^* Owens Bottle .. 59*a 59% 39)* 56® Radio Corp .... 56% 56 56 * 06 Real Silk 62% 62% 62% 62 Rem Rand .... 43 2 * 43 43 42% Sears. Roebuck.. 88% 88 88% 86% Union Carbide .104% 103% 104 103% Warner Bros ... 80% 79% 80 44 Cn Air Craft ... 90% 89,, 90% 90% Univ Pipe 7% 7% 7% USCs ir Pipe.. 36% 35%3355 5 35 U S Indus A1c0.105% 105V* 105'4 105 Worthington Pu. 134 128 133% 126 Woolworth Cos.. 66 3 a 66 66% 65% Am t TeV&~Te1...263% 263% 263’i 263% Am Pr & Lt... .119 118% 118% 118 Eng Pub Serv... 60% 60% 60% 60% Am For Power.. 95% 94% 95 94 Am Wat Wks ...117% 116'/* 116'/* 115% Gen Pub Serv... 50% 50 50% 50% Col G& E 83% 82% 82% 82% consol Gas J 27% 126% 126% 126% Elec Pow & Lt.. 97% 95% 96% 96 Int TANARUS& T 70% 69% 70% 70 Nor Am CO 127% 126% 127% 126% Pac Light 103% 103% 103% 103% Pub Serv N J ..113’:* 112% 112% 113% So Ca' Edison .. 67% 87 67% 66% Std Gas & E1...124% 122% 123 121% United Coro ... 45% 45 45% 45% Utilities Power.. 42% 42 42% 42 United G & Imp 44% 43% 44% 44% West Union Tel. 189 188% 189 189 .. 54% 54% 54% 54% Am Ship & Com. 1% 1% 1% 1% Atl Gul? A- WI. 67% 67% 67% 68% Inti Mer M pfd. 26% 28% 28% 28 United Fruit ... 92% 92% 92% 92% Foods— Am Sug Rfg ... 67 67 67 66% Beechnut Pkg 64 California Pkg.. 73% 73_ (3% Canada Dry .... 73 s * 78% 73% 73% Corn Products ..101% loi 101 101'2 Cont Bak A 38 2 i 38% 38% 37% Borden 74% 74% 74% 74% Cuban Am Bug T Grand Union ... 17% 17 7 a 17% 17% Grand Union pfd 41% Jewel Tea 56% Kraft Cheese ... 49% 48 2 * 49% 49 Kroge: 41 7 , 41% 41% 41% Loose Wiles .... 70% 68 s * 69% 69% Natl Biscuit .... 89% 89% 89% 89® Natl Dairy 52% 52 52% 52 Purity Bak 76 s * 76 s * 16% 76J* Loft 4% 4% 4% 4% Gen Foods 50% 50 50% 50 Stand Brands .. 26% 26% 26% 26 Tobaccos— Am Sumatra ... 16 s * 16% 16% 174* Am Tob B 238% 237 238',* 238% Con Cigars 54 General Cigar . 5 ®% Llg & Mevers ..113% 112** 112% 113% LorlUard 27 26% 36% 27 R J Reynolds .. 56% 55% 56% 55% Tob Products B. 4% 4% 4% 4% United Cigar St. 6 6 6 6 Schulte Ret Sirs 8 5 * 8% 6% 8% NEW YORK COFFEE RANGE —ADri! 1— High. Low. Close. 1 Tanuary 7." l 7.55 7.55 ; March 7.96 7.9S 7.93 . siV 8.50 8.4a 8.50 * July 8.14 813 8.14 September 2 22 2'm December "J* M* •*#

PORKER PRICES GAIN 40 CENTS AT CITY YARDS Steady Trend Observed in Cattle and Calf Trade: Sheep Even. Mar Bulk. Ttop. Receipts. 26. $10.45® 10.95 $ll.OO 2,500 27. [email protected] 10.85 3.500 28. 10.50® 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 [email protected] 10.25 6.000 2. 10.20® 10.50 10.50 4.000 Hog prices jumped this morning at the Union stockyards, regaining most of the losses suffered Tuesday. The range for the most part was 25 to 40 cents higher. The bulk. 150 to 275 pounds, sold at 510.20 to $10.50. Top price was $10.50. Receipts today were 4,000, holdovers. 319. Cattle receipts were 850. the market holding steady. Veals were unchanged at sl4 down. Calves receipts were 800. No top kinds were available in the sheep market. The trade was steady with receipts of 200. Chicago hog receipts were 13,000, including 3,000 direct. Holdovers were 5,000. The market held 10 to 15 cents higher than Tuesday’s average. Choice 180 to 220-pound weights were $10.35; around 240pound averages brought $10; 280 to 290 pounders $9.70 to $9.80. Cattle receipts were 6,500; sheep, 16,000. —Hogs— Receipts. 4,000; market, higher. Heavies, 300 lbs. up $ 9.50(q/10.00 250-300 lbs 10.00® 10.20 Med. wts.. 225-250 lbs 10.30® 10.40 220-225 lbs 10.40® 10.50 Light wts., 160-200 lbs 10.40® 10,50 Light Its.. 130-160 lbs 9.75® 10.25 Light wts.. 160-200 lbs 8.75® 9.50 Packing sows B.oo® 9.00 —CattleReceipts, 850; market, staedy. 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 12.255J14.75 Common and medium 9.254t12.25 Heifers. 850 lbs. down, good and choice [email protected] Common and medium 7.50®; 11.50 Cows, good and choice 8.50® 10.00 i Common and medium 6.50@ 8.50 j Lower cutter and cutters 4.75® 6.50 i Stocker and feeder steers, good and choice [email protected] Common and meduim 7.00® 10.00 —Vealers— Receipts, 800; market, steady. Medium and choice .iio.ooiiil4.oo Cull and common 6.00010.00 —Sheep— Recepts, 200; market, steady. Lambs, good and choice $ 9.000 9.75 Common and medium 7.500 9.00 Ewes, medium to choice 4.00® 5.75 Cull and common 2.00® 4.00 Other Livestock By United Press CHICAGO. April 2.—Hogs—Receipts, 13,000: including 3.000 direct; market, steady to 15c higher, weighty butchers showing the advance; top. $10.40: bulk 15.0-240-lb. weights. slo®. 10.35; 250-340-lb. weights, $9.50@:10; butchers, medium to choice. 250-350 lbs.. $9.40510; 200-250 lbs., $9.60® 10.40; 160-200 lbs., $9.60010.40; 130160 lbs., $9.40010.35; packing sows, $8.40® 9.25; pigs, medium to choice. 90-130 lbs., S9OIO. Cattle—Receipts. 6.500; calves, receipts. 3.000; v/eighty steers. 2.5 c higher; others, steady to weak; she stock mostly steady: heavy sters. very scarce; top. $14.65; slaughter classes steers, good and choice. 1300-1500 lbs., $12.75015; 1100-1300 lbs.. $12.50@15; 950-100 lbs., $12015; common and medium. 850 lbs. up. [email protected]: fed yearlings, good and choice. 750-950 lbs., $12@15; heifers, good and choice. 850 lbs. down. $11013.50; common and medium. $8 @11; cows, good and choice, $7.75 0 10; common and medium, $6.2507.75; low cutter and cutters. [email protected]; bulls, good and choice beef, [email protected]; cutter to medium, $7 @’8.25; vealers. milk fed, good and choice, [email protected]; medium. s7@9; cull and common. s7@B; stockers and feeders, steers, good and choice, all weights. $10.25011.75; common and medium, $8.25010.25. Sheep —Receipts. 16.000; slow around steady: indications bulk fat lambs. [email protected]; early top. $9.75 for choice 92 lbs.; choice shorn lambs, held around $9.25; best ewes held above $6.50: feeding and shearing lambs, weak. [email protected]; lambs, good and choice, 92 lbs. down. $8.750 10; medium. $8.25® 9; cull and common. $7.7508.25: medium to choice. 92-100 lbs. down. $809.50; ewes, medium to choice. 150 lbs. down. 6.65; cull and common. *2.75® 5.50: feeder lambs, good and choice. $8.50@9. By United Press EAST ST. LOUIS. April 2.—Hogs—Receipts, 11,500: market, 10®.20c higher; bulk, 160-215 lbs., $10010.25: 220-250 lbs.. $9.75 010. Cattle—Receipts. 2,300; calves, receipts. 1,200; market, generally steady on all killing classes with vealers steady to 25c higher at $13.75014: early steer sales. $10.65012. Sheep—Receipts. 1.500: markm. run not in yet, indications, weak on lambs P.v United Press CLEVELAND. April 2.—Hogs-Receipts. 2.200: holdovers, 98; steady to 15c higher: 160-210 lbs., $10.35 to mostly $10.50: 220300 lbs., $9.75® 10.50; 300 lbs. and up. around $9.50; pies. slo® 10.25; sows. $8.50 @8.75; stags. $6.50. Cattle—Receipts. 275; cows fairly active and strong: steers dull, mostly 25c down; medium and good cows, $709; cutter grades, $506.50; common to medium steers eligible around Calves—Receipts, 650; better grade vealers stronger, up to sls, but cull to medium, SBOI3 kind, dull and weak at week’s sharp price losses. Sneep—Receipts, 900; lambs, weak to 25c lower; desirable lambs. $8.50@9; sheep easier. Bv United Press PITTSBURGH. April 2.—Hogs—Receipts. 1 650; market steady to 5c Tower; bulk, 150-210 lbs., $10.65® 10.70; 220-260 lbs., $10.25010.50: 260-300 lbs.. $9.75 0 10; 10013 Ibs„ $10.250 10.50; sows. $8.50 09. Cattle—Receipts. 25; market, unchanged. Calves—Receipts. 150; market 50c lower; good and choice vealers, $13014.50: medium grade. $10.50013. Sheep—Receipts, 850: market 25c lower; bulk clipped lambs. *8.5009.25; clipper-aged wethers. *6@ 6.50; catch sale 36-lb. spring lambs. $22. Bv United Press TOLEDO. April 2.—Hogs—Receipts, 400: market. 10015 c higher; heavies. s9® 9.50; mediums. $10010.25; yorkers. $10.15010 25; pigs $10010.25. Cattle —Receipts, light; market, steady. Calves—Receipts, light; market, steady. Sheep—Receipts, light; market, steady. Two in Auto Killed By United Press TERRE HAUTE, Ind., April 2. Earl Clampitt, 31, Terre Haute, and Charles Stefani, 33, R. R. 3, Clinton, died in a hospital here of injuries suffered In an auto accident on the Dixie Bee highway, near Farmersburg. Both died of fractured skulls.

A Safe ~ - Investment ■ ■ 1 FIRST INVESTMENT CORPORATION AN INDIANA INVESTMENT TRUST Complete information First Investment Corporation 1* a will be sent to yon General Management type of Investwlthont obligation. ment Trast. and os such Is always in a position to take advantage of favorable markets and adapt Itself to Name I changing conditions. Only securities , j of high quality rating by standard authorities can be purchased. Address u 1111 LI I. A Safe Investment in the Common Stock of Several of America’s Major Industries Some of the stock* bought Standard Oil of Indiana by iis before recent In- Atlantic Refining * p g Electric Bond & Share _ Chaee National Bank of Columbia Ga A Electric New York Anaconda Copper Foreign Power Pennsylvania Railroad standard OH of New York Baltimore & Ohio Railroad Texas Corporation St* Louis A San Fraacisco | ) j American Rolling Mills B. R* FIRST INVESTMENT CORPORATION 1202 New City Trait Bldg. Rlley 6531

Business and Finance

Hu United Prettt CINCINNATI, 0., April 2. was understood late Tuesday that active management of the Kroger Grocery and Baking Company will pass from the hands of William H. Alberts to Albert H. Morrill, general counsel and a director of the company, who hss been elected president succeeding Albers. The latter was named chairman of the board of directors. Albers, as chairman of the board, succeeds H. B. Kroger Sr., founder of the company, who relinquished active management several years ago. Kroger will remain on the board. Three new stores will be added to the Hartman Corporation chair within the next thirty days according to Martin. L. Strauss, president. These additions will bring the total number of stores in operation to fiftv-seven. The stores will be located In South . Chicago. Kenosha. Wts,. and Galesburg. 111. MONTREAL. April 2.—As compared with February of 1929, working expenses of the Canadian Natonal Railways were decreased by *999.019.33 last month. Gross earnings for the month were $17,036.374. as compared with $20,239,020, and working expenses 515.662.515.1 t, as compared with $16,661,591.37. Net earnings in February, 1930, were $1,373,858.86 as compared with $3,577*425.63 in the same month last year. From the first of January this year, gross earnings have amounted to $33,858,443, working expenses $31,750,671.92, and net earnings $2,107,771.08. American States Public Service Company announces acquisition of the Commonwealth Public Service Company of Montana. The new concern Is an important addition to the existing chain of water system owned by the company and is a further development of the American States activity in the northwest territory. The Commonwealth Company has a sound value of approximately $250,006. The Edward G. Rudd Manufacturing Company of Philadelphia and Detroit is now in production on Its first order

In the Stock Market

)Bv Thomson & McKinnon) NEW YORK, April 2.—Prospects of an increase of even half a billion dollars in broker’s loans have been widely discussed and therefore probaDiy are fairly well anticipated marketwise. especially so since there are some definite indications that the long expected turn for the better in basic industries is at hand. It is not likely that production of the Steel Corporation would have been stepped up If incoming orders did not justify the move. Indeed, it would not be surprising if operations before the month end were above 90% of capacity, now that the automobile industry is beginning to increase its output. Reports of more substantial sales of copper metal is in all likelihood a reflection of the beginning of those extensive building programs which have been mapped out in the utility field. The change for the better seems to mitigate the possibility of a reduction in metal prices. Higher prices for petroleum products appear likely, the trade seeming to anticipate an increase in crude prices within a fortnight. We are inclined to look for a statement from the department of commerce in the near future disclosing betterment in the employment situation, which should set at rest recurring reports from political sources that labor conditions are not improving. The preponderance of constructive news precludes, we believe, the likelihood of other than normal reactions at such times as the market becomes temporarily overbought.

On Commission Row

Fruits Apples—Delicious, box extra fancy. *4.15: fancy. $4: Baldwins. [email protected]: Northern Spies. $2 25; Wlnesap. $2.2502.50. Grapefruit—Florida. $506.50, Orapes— California Alemeria. $3.75: Emperors keg. *6. Lemons—California, a crate. so(®6. Limes—Jamaica. $2.50 a hundred. Oranges—California navals. $5.2508. Fresh Strawberries —40c a quart. Vegetable* Beans—Florida. $6 a hamper. Beets—Texas, $3.50 0 3.75. Cabbage—News. 8c pound. Celevv—Florida. $3.2503.75 a crate. Cauliflower —California. *2.50 02.75 * crate, Cucumbers—Home grown. $4.25@5 * crate. Eggplant— *l.7so2 a dozen. Kale—Spring. 90c to $1 a bushel. Lettuce—California Iceberg. $3.5004.00 a crate: home grown leaf, a bushel sl.2G@ 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. $606.50, Peppers—Florida, a crate, SOO7. Potatoes—Wisconsin. $404.25 a 150-lb. bag: Minesota. $3.10 a 100-lb. bag; Red River Ohios. 120 lbs.. $3.75: Idaho Russets. $4 a 100-lb. bag. „ ... „„ New Potatoes—Florida Cobblers. *3.25 a 50-lb. crate. „ _ ~ „ Sweet Potatoes—Nancy Halls. *175 a hamper; Opossum brand. Indiana lerseys. $3.25 per bu. Rhubarb—Home grown hothouse 6-lb bunch. 75c. . .. . Sassafras—lndiana. 30c a ooz Radishes—Home grown button. 86c dot Mustard—Home grown. $1.50 a bushel. Cucumbers —Howe grown. $2.2502,75. Other Livestock By Times Special LOUISVILLE, April 2.—Hogs—Receipts. 600; market. 20c higher; 300 lbs. up $8.60; 225 to 300 lbs.. $9.45*; 165 to 225 lbs.. $10.25; 130 to 165 lbs,. $9.35; 130 lbs. down. $7.45; roughs. *6.90; stags, $6.30. Cattle —Receipts, 100; market, steady; prime heavy steers. $11012.50; heavy shipping steers, $10011; medium and plain steers, $8.50010; tat heifers $8011.50; good to choice cows. $6.50 0 8.50; medium to good cows, $6®6.50; cutters, $505.50; canners, $3.5004.T0; bulls, $608: feeders. $8010.75; stockers, $7.50011. Calves— Receipts. 200; market steady; tops, $11.50; good to choice. $10011.50: medium to good, S7O 9:* outs. $6 down. Bheep—Receipts. 50; market, steady; ewes and wethers, $9 50® 10: buck lambs $8.5009: seconds. S6®7: sheep $4 500 5.50; Tuesdays shipments. Cattle. 75: calves. 105; hogs, none; sheep, none. .

tor ribs for airplane wlnra. These riba are made ot stainless steel, electrically welded in accordance with the Budd Company’s own design. This type of construction has been approved bv the Department of Commerce and marks a long step forward In airplane bonding. Directors of Amerada Corporation have declared the usual quarterly dividend of 50 cents a share on the capital stock, payable April 30. to stockholders of record April 15. Holders of Reliance International Corporation units may subscribe to the class A common stock of the corporation at sls a share at the rate of four shares for each five units held, the comnanv announced today.

Indianapolis Stocks

—April 2 Bid as Amer Central Life ins Cos I.OOt Belt R R & Yds Cos com 66 63’a Bell KRAs 8 Yds Cos prei.. 56% 60 Bobbs-Mcrrill Cos 30 33% 'Central Ind Pow Cos pref.... 91 95 •Circle Theater Cos common. .105 •Citizens Gas Cos common 27 •Citizens Gas Cos pfd 96 99V a •Commonwealth L Cos pf 7%... 97 Commonwealth L Cos pf 8%.. 90 •Hook Drug Cos common new 23 26 Ind Hotel Cos Ciavpool com. .125 Indiana Hotel Cos pref .100 ‘lndiana Service Corp pref... 83 Indianapolis Gas Cos common.. 57 61% •Indpls Power te Lt Cos pfd., 10a 106% Indpis Pub Wei Loan As com 53 Indpls St Rv Cos pfd 30 32 Indianapolis Water Cos pfd. 98 Interstate U S Cos pr 6% L pf 90 93 •Interst P S Cos pr 7% P pfd. 101% 104 •Metro Loan Cos 98% •Northern Ind Pub 5%% co pfd 91 94% •Northern Ind Pub 6% co pfd 98 101’* •Northern Ind Pub 7% co pfd.los •Progress Laundry Cos common 4f 48% E Raub & Sons Fer Cos pfd... 48% 51 % Real Silk Hosiery M Inc pfd 100 Shareholders Investors Cos.. 24% Standard Oil Cos .of Ind 58 •Terri Haute Trac & L Cos pfd 71 Union Title Cos common .42 50 Van Camp Prod Cos Ist pfd.. 98 Van Camp Prod Cos 2nd ofd 98 •Ex-Dividend -BONDS— Belt R R & stock Cos 5s 91 94% Central Indiana Gas Cos 55.. 99 Central Ind Power Cos 6$ 99% Citizens Gas Cos 5s 102 Citizens Street Railroad 55... 50 55 Gary St Rv Ist 5s 65 Home T & T of Ft. Wayne 65.101% Ind Northern Trac Cos 6s 3 Ind Rv & light Cos 6s 97 Indiana Service Corpn 6s 89 Indpls Power and Light Cos 5s 99 101 Indiana Union Trac Cos 5s ... 5 Indpls Col & Cos Trac 6s 96 99 Indianapolis Gas Qo 5s 99 101 Indpls <fe Mart Rapid T C o 5s 20 Indpls No Trac Cos 5s 10 13% Indpls North Western Cos ss. .20 Indpls Street Ry 4s 44 47 Indpls Trac Tor Cos 6s 93 95 Indpls Union Ry 65.... 100% Indpls Water Cos 5%s 102% Indpls Water Cos 5s 95 Indpls Water Cos lien & ref.... 92% 94% Indpls Water 4%s 93 94% Indpls Water W Sec Cos 65... 85 Interstate Pub Ser Cos 6%5... .102% ... No Ind Pub Serv Cos 5s 101 Interstate Pub Serv Cos 4%s .. 91% ... No Ind Pub Serv Cos 5s . 100 No Ind Telegraph Cos 6s. ..... 97 T H Ind <Y East Trac Cos 5s 65 T H Trac * Light Cos 5s 95 .. Union Trac of Ind Cos 6s 17 22V? —Sales— Inters PSCo pr p jd io shares at 101% Indpls Street Rv 4s 1 bond at 45% Births Boy* Lewis and Nell Hall. St. Vincent’s hospital. Maurice and Ida Becker, St. Vincent’s hospital. Charles and Lillian Carroll. St. Vincent’s hospital. Guy and Ruth Moore, St. Vincent's hospital. Roy and Mabel Cron. 138 West Eleventh. Edward and Esther Cumrntngham, Coleman hospital. Lawrence and Clara Dunnewald. Coleman hospital. John and Vivian Lewis. Coleman hospital. Gilbert and Ella Curtis. 1334 West Thir-ty-first. Girls Karl and Norma Ziegler. St. Vincent’s hospital. Henry and Betty Dithmer, St. Vincent’s hospital. W. C. and Garnett Rodocker. St. Vincent s hospital. Niles and Mary Patterson, $534 North Gale. Cecil and Isabel Clark. Coleman hospital. Chesney and Emma Yelton. Coleman hospital. Marie and Frieda Zambou, Coleman hospital. Kenneth and Leota Wilson, Methodist hospital. Harry and Marv Walter. 3533 North Station. Otis and Grace Byers. 48 Le Grande. Twins Andrew and Juanita Tavlor. St. Vincent's hospital, girls. Deaths Ada Frances Hugh. 19. 2451 Northwestern. cerebrospinal meningitis. Charles Cartnell Kirk. 72. 2066 North New Jersey, uremia. Leelah Hoalt. 33. Methodist hospital, chronic nephritis. Julia Elizabeth Feltner. 26. Methodist hospital, appendicitis. Jaunetta Small. 3 mo., 5347 West Washignton. broncho pneumonia. George William Felder. 1 mo., 801 Maxwell. broncho pneumonia. George Thomas Clark. 58, 1409 Brookside. hypostatic pneumonia. William H. Kersey. 66. 3620 Oxford, encephalitis. Matilda Ridenbaugh. 78. Central Indiana hospital, apoplexy. Fred Rapp. 38. 2954 Cornell, carcinoma. Samuel Snyder. 79, Long Hospital, carcinoma. , Andrew T. Hotsellar. 45. city hospital, chronic nephritis. Elizabeth Marv Gehl. 60. 639 North Temple. chronic myocarditis. Jasper D, Nysewander. 73. 2506 Broadway. chronic myocarditis. . Charles E. Green. 75. 3249 Bethel, broncho pneumonia. . . Roger Howe. 32. Flower Mission hospital. pulmonary tuberculosis. Helen E. Young, 28. St. Vincent’* hospital. appendicitis. . .. . Lewis Jordan. 27. city hospital, cerebrospinal meningitis.

We Make REAL ESTATE FIRST MORTGAGE LOANS FARMERS TRUST COSIPANY ISO East Market Street Riley *so*

Will Buy: A Few Well-Seasoned Real Estate Lease Contracts Call RI ley 8017

Bargains in Office Furniture In Securing the Agency of the ART METAL LINE we took over their entire stock. $5,000.00 worth of steel files In green, mahogany and walnut finish. Through the sale of new office furniture we have acquired some good used desks and chairs. The above are offered at real bargain prices. AETNA CABINET CO DESienEQ S L MFGS. Os BANK. Off iCE-JkSTQafc „ a1 321-29 W. Maryland St. ley

Thomson & McKinnon INDIANAPOLIS CHICAGO IWW TORS MEMBERS Frw York luck Rxctaaag* Chicago Stock Iriwr Mew York Cotton Exehaage Chicago Board of Trod* Sew Tnrk Curb ARort*tlar 300 Fletcher American Bank Bldg. Telephone Lincoln $5Ol

PAGE 11

NEW PLAN WILL BE OFFERED BY RAIL INTERESTS Van Sweringens Prepare to File Application for Road Merger. tin t nited Press WASHINGTON, April 2.—The Van Sweringen Interests are preparing to file with the interstate commerce commission anew application for grouping their railroads which will not include the recently acquired Missouri Pacific system. This follows the suggestion of the commission when it announced its tentative consolidation plan, and is the first step by the Van Sweringens to unify their properties along lines suggested by the commission. The application will disclose that the Cleveland railroad magnates have no intention of creating at this time an Atlantic to the Pacific transcontinental system, as was generally expected. Approval Askcrl The commission will be asked to approve unification of the Chesapeake & Ohio, the Hocking Valley, the Erie, the Nickel Plate and the Perp Marquette, all Van Sweringen controlled, into one system, to which will be added the Lackawanna. Inclusion of these roads in one system was tentatively approved by the commission. But in addition the new Vati Sweringen application will seek control of tlie Chicago & Eastern Illinois. a fast line between St. Louis and Chicago, which the commission allocated to the Northwestern, and also the Wheeling & Lake Erie, which was assigned to the propos- J new Wabash system. Applications Revised The Van Sweringen application will indicate to the commission that while these interests are willing to negotiate they will strongly oppose the creation of anew fifth system such as is contemplated by the assignment of the Wheeling & Lake Erie to the enlarged Wabash. Acquisition by the Wabash of the W. & L. E. would keep the Van Sweringen system out o. the Pittsburgh coal and steel producing areas. The Baltimore & Ohio recently withdrew a pending application from the commission and it is believed that these interests will follow the Van Sweringen example and submit a revised application. Troops Kill Four Kklnapers By United Press MEXICO CITY. Mex.. April 2. Federal troops, attempting to rescue J. E. Bristow, Texas engineer, from a band of kidnapers, killed four of the American’s abductors In e skirmish south of Ixtlan. a dispatch to the newspaper Excelsior said ‘mday.

I Buy and Sell Central Indiana Power 5 7% Preferred NEWTON TODD 415 Lemcke Bldg.

CMlnvestmffitr AMERICAN • COMPANY* Indians'* Ur(a4 Fitmlibmil Hows*

Open a Checking Account at AETNA Trust and Savings Cos, 23 N. Pennsylvania St.