Indianapolis Times, Volume 41, Number 282, Indianapolis, Marion County, 5 April 1930 — Page 13

APRIL 5, 1930.

GRAIN FUTURES LUWER AFTER EARLY BULGES Drop in Foreign Markets and Weather Reports Cause Selling. pv United Press CHICAGO. April 4. Wheat sagged at the close on the Board of Trade today after Winnipeg’s weakness and heavy profit-taking had previously swept away the early gains scored on strong foreign cables and continued drought in the southwest and northwest. A forecast for threatening weather, especially In Kansas, was partially reRjxmsible for the drop of around 2 cents from the early highs. Shorts were still covering but the grain came more easily. Corn suffered heavy profit-taking and was lower while oats followed corn. At the close wheat was % cent lower to % cent higher, corn was % to 1 cent lower and oats was % to cent lower. Provisions were a few points higher. Liverpool failed to maintain the early pace and receded somewhat to close 2 s to 3% cents higher. Buenos Aires also hit the decline and was only I’* to In cent higher at mid-day. Exports were estimated at 1,000,000 bushels early. Cash prices were 1 cent higher. Receipts were 5 cars. Com participated in the strength in wheat at the start but could not hold its gains and by mid-morning had eased under Thursday’s close. Offerings were only moderate and action was not great as most of the traders were watching the wheat pit. Cash prices were unchanged to < cent higher. Receipts were 196 cars. Oats had a very fair advance at the start in sympathy with the other grains but eased to fractionally below the previous close with the setback in the major grains," at mid-session. Cash prices were unchanged. Receipts were 54 cars. Chicago Grain Table WHEAT— Prey. Open. High. Low. Close, close. May.. 1.15 1.15 V. 1.131 2 1.133. 1.133, July.. 11654. 116% 1.14% 1.14% 1.14% Sept.. 1.19 1.19 *at 1.16% 1.17 1.17% Dec... 1 23 3 a 1.23 1 2 1.21% 1.21% 1.213, CORN— May.. .88 .83% .86% .86% .87% Julv.. .89% .90% .88% .88% .89% Sept.. .91 .91% .89% .89% .90 Dec... .85% .85% .83% .83% .83% OATS - May.. .45 3 < .-15% .44% .45 .43% July.. 46 .46 .45% .45% .45% Sept. .44% .45 .43% .44 .44% RYE— Mav.. .70% .70 % .68 .68 .68% July.. .76% .76% .73% .74 .74*a Sept.. .81% .81% .77% .77% .79% LARD— Mav. 10.57 10.60 10.55 10.60 10.55 July. 10.77 10.82 10.77 10.82 10.80 Seat. 11.00 11.05 10.97 11.02 10.97 BELLIES - May. 13.60 16.32 13.50 13.62 13.60 Julv. 13.70 13.72 13.70 13.70 13.65 Bn Times Special CHICAGO. April 4 Car loti. Wheat. 8; corn. 162. oats. 51. B Times special CHICAGO April 4—Primary receipts: Wheat, 423.000 against 706,000, Corn. 813,000 against 888.000. Oats, 363,000 against 264.000 Shipments: Wheat,. 412,000 against 242,000. Corn. 638.0 against 529,00. Oats, 378.000 against 307,000. Bu United Press CHICAGO. April 4.—Cash grain close: Wheat—No. 2 hard. $1.12%; No. 2 mixed. $1,116: No. 3 yellow hard. $1.07%. Corn —No. 2 mixed. 86c: No. 3 mixed. 83084 c; No 4 mixed. 80% tß2%c; No. 5 mixed. 80 %c; No. 2 yellow. 86%®97%c; No 3 veliow. 836® 86c; No. 4 yellow. 80%@83%C: No. 5 yellow. 80®80%c: No. 6 yellow, 19c; No. 2 white. 87%c: No. 3 white. 87% @ 87%c; No. 4 white. 84%@ 85 %c: No. 5 white. 83%c: sample grade. 60(a 75c. Oats No 2 white. 45*;®46%c: No. 3 white. 44%9i45%c: No. 4 white, 4341 44%c. Rye— None. Bariev—63c. Timothy—s3.so% 6.45. Clover—slo,so 0 18. Bu United Press TOLEDO. April 4.—Grain close: Wheat No. 2 red, $1.17%® 1.18%. Corn—No. 3 yellow. 87 & 89c. Oats—No. 2 white. 5052 c. Rve—No. 2. 85c. Bariev—No. 2. 64c.. Clover—Domestic, cash. new. $11.60: prime choice. sl2: October. $12.50: December. 412.70; Imported, cash. old. $9. Alslke— Cash. sll. Timothy—Cash, new, $3.25. Butter—37%42c. Eggs—2324c. Hay—sl.2s cwt.

Cash Grain

—April 4 The bids lor car lots of strain at the rail of the Indianapolis Board of Trade, f. o. b shipping point, basis 41'4c Ne - *- York rate, were; Wheat-Firm: No. 2 red. $1.09*401.11; No. 2 hard. $1.02% ;i 1.04%. Corn-Steady; No. 4 white. 79%481c: No. 5 white. 78%@78%c: No. 4 yellow. 76® 78c; No. 5 yellow. 74@76c; No. 4 mixed. 73'?®76e; No. 5 mixed. 71@73c. Oats—Steady: No. 2 white. 42%@43%c; No. 3 white. 41 '4® 42* iC. Hay—Steady; No. 1 timothy. *13.50; No. 2 timothv. *12.50: No. 3 timothy. *11: No. 1 light clover mixed. *12.50; Ncr. 1 clover mixed. sl2: No. I clover hay, sll. Wheat—No. 2 red. 3 cars; No. 3 red. 1 car: No 4 red. 1 car. Total. 5 cars. Corn—No. 3 white. 1 car: No. 4 white, 3 cars: No. 5 white. 2 cars; No. 6 white. 1 car; sample white. 2 cars; No. 2 yellow. 18 cars: No. 4 veliow. 14 cars: No. 5 yellow. 3 cars: No 6 yellow. 1 car; sample yellow. 4 cars: No. 4 mixed. 2 cars: No. 6 mixed. 2 cars; sample mixed. 1 car. Total. 56 cars. Oat*—No. 2 white. 12 cars- No. 3 white, 11 cars: No. 4 white. 1 car. Total. 24 cars.

In the Stock Market

ißv Thomson & McKinnon' NEW YORK, April 4.—With revival of constructive operations under leadership of the best stocks, the market moved ahead convincingly nito what was again new high territory for many issues. Apparently the increase in brokers’ loans was largely discounted in the recent reaction, and the market presented a strong front to whatever early selling there may have been on this account. There can be no Question as to the manner in which ■onstructive sentiment both in speculative and investment circles, has been reassured by the evidence in the market has given of its ability to easily absorb substantial selling pressure. The external news of the day is somewhat mixed in character the outstanding item being the decrease in Wool worth's March sales. Inasmuch as this had been suggested already by the drop in sales of mail order and chain stores, it occasioned not parttculai surprise. The manner in which motor stocks are responding to better reports from the industry’ is gratifying. We took from private conservations with well informed executives that sentiment In the motor trade has taken a distinct turn for the better. With the markets technical condition about all that could be desired, with money conditions continuing favorably, and with commercial activity unquestionably on the mend, we continue optimistic over the outlook for the better type stocks.

Candidates

Filed at the Statehouse Rollin S. Place (Dem.), Denver, representative. Mlama county. Donald Vanderveer (Dem ). Milford, representative. Kosciusko county. Paul V. Ford I Dem.). Kokomo, prosecuting attorney. Sixty-third Judicial circuit. Walter E. PrenUce (Dem.), Jeffersonville, prosecuting attorney. Fourth Judicial circuit. John B. Needham 'Dem.i, Terre Haute, representative, Vigo county. Roy V. Tozer (Dem.), Brazil, prosecuting attorney. Fifteenth Judicial circuit. Ralph L. Foster (Rep.), Lagrange, prosecuting attorney. Thirty-fifth Judicial circuit. Otto W. Koenig (Dem), Ft. Wayne, prosecuting attorney. Thirty-eighth Judicial circuit. John Q. A. Goodman (Rep.), Princeton, prosecuting attorney. Sixty-sixth Judicial circuit. James N. McNeff (Rep.j, Gary, representative, Lake county. Daisy Dean Deeds (Rep.% Indianapolis, representative, Marion county. Addison Drake iDem.). Sullivan, senator, Sullivan and Vigo counties. Orville A. Pursley (Dem.i, Hanford City, prosecuting attorney. Seventy-first Judicial circuit. William McClain (Dem.i, Evansville, joint representative, Posey. Vanderburg and Warrick counties. J. Fri Bingham (Dem.), Mishawaka, Judge St. Joseph superior court 1. Floyd A. Jelllson (Rep.), South Bend. Judge St. Joseph superior court 2. Walker France (Rep.), Joint senator. Gibson and Pike counties. John M. Raab (Dem.i, Mishawaka, prosecuting attorney. Sixtieth Judicia* circuit. Daniel Tefel (Dem.), Brazil, representative, Clay county. August A. Bremer (Rep.), Crown Point, prosecuting attorney, Thirty-first Judicial circuit. Zoola Hershey Mlsoner (Rep.). Michigan City, representative, Laporte county. J, William BeUhaw (Rep.), Hammond, Judge Lake superior court 5. Flyod H. Compton (Rep ), Speed, Joint senator. Clark, Jefferson, Ohio and Switzerland counties. Lawrence H. Schmidt tßep.i, Indianapolis, representative, Marlon county. Harry F. Semones (Rep.), Brownsburg, prosecuting attorney. Fifty-fifth Judicial circuit. James P. Hughes (Dem.), Greencastle, Judge Sixty-fourth Judicial circuit. James C. Cooper (Rep.), Indianapolis, representative. Marion county. John L. Benedict (Rep.). Indianapolis, representative. Marion county. Josephus F. Huffer (Rep.), Indianapolis, representative. Marion county. Winfield K. Denton (Dem.). Evansville, prosecuting attorney. First Judicial circuit. Fabian W. Biemer (Dem.i. Indianapolis, representative. Marion county. William D. Bain (Rep.). Indianapolis. Judge superior court Room 1. Marion county. . Laurens L. Henderson (Rep.), Indianapolis. prosecuting attorney. Nineteenth Judicial circuit. _ ~ Edgar A. Perkins Sr. (Dem.), Indianapolis, senator, Marion county. Daniel R. Ellabarger (Rep.i. Cambridge Citv. congress. Sixth district. Charles P. Bock (Rep.). Evansville, Judge. First Judicial circuit. Harry M. Williams (Dem.). Ft. Wayne, senator. Allen county. Wilbur H. Miller (Rep.). Indianapolis, representative, Marlon county. Thomas E. Oarvin (Dem.i. Indianapolis, fudge, probate court. Marion county. Ernest M. Hornaday (Dem.i, Ztonsville, representative. Boone county. Guv C. Hanna (Dem.i, Burns City. Joint senator. Martin. Lawrence and Orange counties. William G. Baseter (Dem.). Plymouth, representative, Marshall county. Joseph A. Avery (Rep.i. South Bend, representative. St. Joseph county. Philip A. Seacat, (Rep.i. Corydon. prosecuting attorney. Third Judicial circuit. Abraham L. Gary (Rep.i. Rushville. Judge. Sixtv-flfth Judicial circuit. Robert J. Wade 1 Dem.i. Mooresville. prosecuting attorney. Fifteenth Judicial cirCU Amos Burkhalter (Rep.). Berne, joint representative. Adams and Wells counties. John I). T. Bold (Dem.). Evansville, representative. Vanderburg county. Harvey W. Morley (Dem.i. Angola, congress- Twelfth congressional district. Oliver Kline (Rep.i. Huntington, joint senator. Huntington and Whitley counties George O. Chamber.: (Rep.% Anderson, prosecuting attorney, judicial circuit. John W. Renrley (Rep.). Waynetow-n, representative, Montgomery county. Clyde Karrer 1 Dem.i. Indianapolis, representative. Marlon county. William H Oatman (Rep.). Friendship, joint representative. Ripley and Switzerland counties. _ „ , , , , Alban W. Smith (Dem.i. La Porte, joint representative. La Porte and Stark counties. Herman W. Modisctt (Dem.). Atherton, representative. Vigo county. Edward L. Yoder (Dem.i. Elkhart, representative. Elkhart county. Earl Eastrldge (Rep.). English, prosecuting attorney. Third judicial circuit. Walter H. Linn (Rep.). CrawfordsviHe. prosecuting attorney. Twenty-second judicial circuit. _ . ~ , William H. Stoner (Rep.i. French Lick, joint representative. Washington and Orange counties. , _ Robert Straughan (Dem.). West Terre Haute, representative, Vigo county. Milford A. Holloway (Rep.i. Farmland, representative, Randolph county. Edward Massman Jr. (Rep.i. Seymour, prosecuting attorney. Fortieth Judicial circuit. Fred V. Culp (Dem.i, Middletown, representative. Henry county. Richard W. Sharpies* (Dem.), Auburn, prosecuting attorney. Seventy-fifth judicial circuit. . _ . Arthur Moon (Dem.). Bouth Bend, representative. St Joseph county. Cecil R. Btnghurse (Rep.), Riley, representative. Vigo county. , _ „ Ella Van Sickle Gardner (Rep.). Indianapolis, representative. Marion county. Oran W. Cromer (Rep.), Middletown, representative. Delaware county. Andrew N. Hildebrand (Rep.), South Bend. Judge St. Joseph superior court Room 1. _ James R. Fmshwlller (Dem), Hartford Citv, prosecuting attorney. Seventy-first Judicial circuit. , Pete H. Dawson (Dem.). Frankfort, prosecuting attorney. Forty-fifth Judicial circuit. _ . _ Harry O. Barr (Rep.). Ft. Wayne, representative. Allen county. Charles G. Reagan (Rep.% Noblesvllle, joint senator. Hamilton. Tipton and Boone counties. Oerritt M. Bates (Dem.% Indianapolis, representative. Marion county. William E. Jeffrey (Rep.i, Indianapolis. Judge Marion superior court Room 5. William G. Bray (Rep.% Morgan, prosecuting attorney, Fifteenth Judicial circuit. Robert F. Murray (Rep.i. Muncie, Judge of the Grant and Delaware superior court district. Ira M. Holmes (Rep.% Indiar spoils, congress. Seventh congressional district. Thomas C. Bradfleld (Dem.i. Logansport. prosecuting attorney. Twenty-ninth judicial circuit. Hershel V. Lehrman (Rep.% Warsaw, prosecuting attorney. Fifty-fourth judicial circuit. . _ William R. Osburn (Rep.% Brookvillc. joint senator, Union. Franklin. Decatur and Bartholomew counties. Brose Horne (Rep.i. Gas City, congress. Eleventh congressional district. Loren L. Fox (Dem.). Riley, representative. Vigo county. Fred R Owens (Rep.), Franklin, fudge Eighth judicial circuit. John H. Alice .Rep % Greencastle. Judge Sixtv-fourth Judicial circuit. Edmond L. Detamore (Rep.% Francesville prosecuting attorney. Forty-fourth Judicial circuit. John Marksburv (Dem.% Richmond, representative. Wayne countv, Joseph H. Broyles Jr. (Rep.i. Indianapolis representative. Marion county. Frank R. Kassa (Rep). Jeffersonville, representative. Clark county. Wendell B. Montgomery (Rep ', Frankfort representative. Clinton county. Will A. Mason iDem.>. Indianapolis, representative. Marion county. Esrl M. Dowd (Rep.% Rockville. Judge, S xty-sixth Judicial circuit. Russell M. Singer (Dem.i. Elkhart, candidate for state representative for Elkhart countv withdrew his declaration.

Net Changes

Rv f'nitrd Pre ** NEW YORK. April 4.—Closing prices and net changes on principal stocks traded on the New York Stock Exchange today were as follows: Up. Alleghany Corporation 33 s . 1 American Can 149 s , American A: Foreign Power.. 94 s , ]* American Telephone 267'.: 4Vi Baltimore & Ohio 121 Columbia Oas .83 2Vi Consolidated Oas ...127S 3', Oeneral Electric 92'i S'* General Motors 50V, 1 Gillette *'• 1V International Telephone 69 s , s , Montgomery Ward, unchanged 40 Packard 22’, *i •\;bltc Service New Jersey... .110S Radio Corporation 61’, I s , Sinclair JO’i '* Standard OH New Jersey 76'i IV, United States Steel 195 5 , !'• Westinghouse Electric I*s V* IV,

STOCK MARKET SALES AT NEW RECORD FIGURE List Holds Up as Shorts Start Selling at the Close.

Average Stock Prices

Average of thirty industrials for Thursday was 285.77, up .50. Average of twenty rails 155.78, off .08. Average of twentv utilities was 105.50. up .75. Average of forty bonds was 95.49. up .06. Bu T nited Press NEW YORK. April 4.—A1l records for 1930 in sales volume were broken on the Stock Exchange today, due to turnover of huge blocks of stock all through the session. The list was swept to new highs and held ground remarkably in the face of profit-taking until the last hour, when amusement shares softened and the rails lost their vigor. In the last few minutes of trading selling was better than buying and stock was easily dislodged. Prices all along the line declined. News Is Quiet One issue that was not easily found by a short seller was Youngstown Sheet and Tube. Near the close a bid of 150 was made for 100 shares at cash. This was immediately followed by a cash sale of 100 at 155. a total of $15,500. Later a cash sale of 700 shares was made at 150. The stock closed in the regular way at 146%. There was nothing in the news to sway the market one way or the other. The rise of $148,000,000 in the Federal Reserve Board brokerage loan total was preceded a few days ago by an increase of nearly $449,000,000 for March in the stock exchange loan figure and hence the reserve advance brought the two figures into correct alignment. List Opens Firm All money held at 4 per cent but the tone was easier. This did much to bring back prices from the reaction of Thursday and when many of the leaders made new highs the small buyers were quick to + ake stock. On every bulge profit taking was encountered. This brought periods of iregularity. The list opened firmer on huge turnover, then ran into selling before noon. A rsie in rails, oils and motors buoyed up the industrials am in the fourth hour a bull marke* was in progress. This was not broken until the amusements declined late in the day. General Electric was the feature in the late trading. It spurted to anew high for the year at 9212, up 6%!, and closed on the op. Its late strength caused many issues to rally. Close Is Firm Despite the selling in many issues the majority of stocks held enough of its early gains to end the day at higher levels than those of the previous close. Steel, which had been carried above 197, closed at 195 3 s, up l"fc for the day. American can. which had crossed 151, closed at 149 %, up 1 1 *. New York Central closed at 188. up 2. and Atchison at 239 3 1 , up lri. Radio, which had reached 62'%, closed at 61U, uP 1%. International Nickel closed at 43%, up ti, and General Motors at 50%, up 1. Sales, exclusive of inactive issues, totaled 5,924,200 shares, against 4.633.610 Thursday, and 5,395,170 shares on last Tuesday, the previous record for the year. Sales of Inactive issues totaled 7.410, bringing today's total to 5.931.610 shares. The average for thirty representative industrials, according to Dow, Jones & Co.’s preliminary calculation made anew high for the year at 285.84. up 4.07 points. The railroad average rose 0.92 to 156.70.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Friday. April 4, $3,235,000; debts. $7,003,000. CHICAGO STATEMENT Bv T'n ited Press CHICAGO. Apr! 4—Bank clearings. $102,800,00: balances. $8,000,000. NEW YORK STATEMENT Bit United Press NEW YORK April 4.—Bank clearings, $1,328,000,000; clearing house balance. $189,000,000; federal reserve credit balance. $183,000,000. TREASURY STATEMENT By United Press WASHINGTON. April 4.—Treasury_ net balance on April 2 was $362,894, i19.94. customs receipts for the month to the same date totaled $2.542.135.55; government expenditures on April 2. were sll.080.714.97. New York Curb Market ißy Thomson & McKinnon) —April 4 Arkansas Gas ()A Arkansas Gas 10* Assd Gas iA) 421a American Super Power 35 Blue Ridge Corporation 14-s Cities Service 42 Canadian Pacific (new) 53 a Consolidated Gas Baltimore 123 C & O inew) 60'_> Cord Corporation 76*4 Crocker & Wheeler 27 s Deforest Radio 8 Durant Motors 4's Eisler Electric 18’ t Electric Bond & Share 111 3 4 Fokker 32 Ford Canada 34_ Ford England 18‘s Ford France 10 3 4 Fox Theater B'General Electric England 13 3 4 Goldman Sachs . 45 Gold Seal Elec 4 3 a Gulf Oil Penna 154->a Humble Oil .. 11 ] 4 Hudson Bay 12 3 * Xndaina T Gas 52’s Imperiol Oil Canada 27 Insull Utilities 67*4 International Petroleum 22 Internationa' SuDer Power 42 J 4 Marshall Field 45* „ Mid Wes*. U (new) 37 >4 M K Pike 28*4 Niagara & Hudson ■*♦ 21 National Investment 27 3 4 Newmont Mining 136 Ohio Oil 74 1 2 Pac Western Oil 10 Penroad Corporation 16 Pete Corporation 25*2 Rainbow L Pro 9*4 Rt Regis (new) 30'a Salt Creek 14*2 Selected Ind 9 3 4 Standard Oil of Indiana 58 Standard Oil of Kentucky 36 3 8 Standard OH of Ohio 101 Stutx Motors 3> 4 Thremoid Company 26’s Trans Cont Air Trans 8 a - Ulen & Cos 21*2 United Gas 41 s s United Gas (new) 25*4 United Light & Power A 47 United Verde 13 J a Utility Equity 19*2 Vacuum Oil 94*2 Walgreen & Cos 49’RAW SUGAR PRICES High. Low. Close. Januarv 1.86 1.84 1.35 March 1.90 1.88 1.89 Mar . 1.69 1.66 1.67 Julr 1.72 1.70 1.70 September 1.78 1.76 1.77 December 1-85 1.83 1-84

THE INDIANAPOLIS TIMES

New York Stocks

1 ißv Thomson St McKinnon) —April 4 Railroad— „ Prev. High. Low. Close, close. Atl Coast Line 175 Balt & Ohio ...122 120% 121 120 Canadian Pac ..213% 212% 213% 212% Chesa & Ohio ..238% 236% 238% 235 Chesa Corp 82 78% 82 78% Chi & N West.. 88% 87 88% 87% Chi Grt West .. 17 16% 16% 16% C R I <fc P 122 122 122 123 Del & Hudson. 178% 178 178% 177 Del <fc Lacka ...146 144 145% ... Erie 80% 59% 59% 58% Erie Ist pfd ... 65 65 65 64% Grt Nor 100% 100 100 100% Gulf Mob <fc Oil 42 40% 42 40% 111 Central 130% 129% 130% 129% Lehigh Valiev .. 83% 81% 83 83% Kan Citv South 83 82% 82% 83% Kan City South 83 82% 81%,* 81% Lou & Nash 138% 138% 138% VIIB Mo Pac 94% 92% 94% 92 M K & T .... 65% 63% 63% 83% Mo Pac pfd 140 139% 140 128% N V Central ...189% 186 188 186% N Y C & St L.. 136*8 136% 136% ... NY NH & H ...127% 125 126% ... Nor Pacific .... 93 92% 93 93 Norfolk <fc West.26l 260 261 262 O & W 16% 15% 15% 15% Pennsylvania .. 85% 84 84 % 84% P & W Va ....112% 111 112% 108% Reading 127 126 127 126 Seab’d Air L ... 23% 23% 23% ... Southern Rv ...129 128% 129 128% Southern Pac ..124% 123 1237'a 122% St Paul 24% 23% 24 23% St Paul pfd ... 42% 41% 41% 41 St L & S W .. 67% 67% 67% ... St L & S P 117% 115% 117% 115% Texas & Pac .132 131 132 130 Union Pac 240 237 239*% 238 West Mary 34 32 33 32% Wabash 65% 61 65 63 West Pac 30% 29 30% ... Rubbers—■ Ajax 2% 2 2 2% Fisk 5 4% 4% 5 Goodrich 55% 54% 54% 54% Goodyear ...... 94 92% 92% 91% Kelly-Spg 5 4% 5 5 Lee 8% 9% 9% ... United States .. 34 33 33 32% Equipments— Am C & Fdv.. 72% 71 % 71% 70% Am Loco 85% 84% 85% 85 Am Stl Fd 48% 48 48*5 47% Am A Br Sh ... 52 Man El S 37Ji 37% 37% 37% Gen El (New).. 92*5 87% 92% 87 Gen Rv Sig 104 102*% 103 103% Gen A T 111% 109% 110 111 N Y Air B 45 45 45 Pr Stl Car 15 14% 14% 14% Pullman 83 82% 83 82% West Air B 48% 48 48% 48% West Elec 186% 182% 185% 182% Steels— Am R Mills ... 97 89% 94% 88% Bethlehem 108% 106% 107% 107% Colo Fuel , 74% 70% 74% 70 Crucible 89% 90% 89% 87% Gulf St 5t1.... 70% 70% 70% ... Inland Stl 93% 92% 93 % 93 Otis 36% 36% 36% 37 Rep T & Stl .. 80 79 80 78% Ludlum 40% 39% 39% 29 Newton 55 53% 53% 34% U S Steel 197‘s 194 195% 193*1 Alloy 34 Warren Fdy 32 31% 31% 32 Youngstwn Stl 150 146% 147 146% Vanadium Corp 108% 105% 105% 107% Motors—^ Am Bosch Mag.. 52% 50% 52% 51 Briggs 19% 18% 18% 19% Brockway Mot.. 19% 19 19 19% Chrysler Corp.. 39% 38% 38% 38% Eaton Axle 34% 33% 34% ... Graham Paige.. 12% 12U 12% 12% Borg Warner ... 49 48% 48% 48% Gabriel Snubbrs 9% 9 9% 9% General Motors. 50% 49% 50% 49% Elec Stor Bat.. 76% 75% 75% Hudson 56% 55 55% 54% Haves Body Cor 17% 16% 17% 15% Hupp 25* j 24 25 23% Auburn 259% 254 255 254% Mack Trucks.. 85% 85 85% 85% Marmon 29% 29% 29% 27Vi Reo 13% 13% 13% 13% Garner 6% 6% 6V a 6% Motor Wheel ’.. 32% 32*8 32Vi 32% Nash 48% 48 48% 48% Packard 22% 21% 22% 21% Pperless 11 9% 9% Pierce Arrow.... 33 32% 32% 32Vi Studebaker Cor 43 42 42% 41 Vi Stew Warner.... 46% 43 46% 43% Timken Bear .. . 86% 84 85% 83% Wlllys Overland 9% 9% 9% 9% Yellow Coach .. 27% 25% 27 25% White Motor ... 43 41% 43 41% Mining— Am Smelt & Rfg 77% 76 76% 77 Am Metals 49% 46% 46% 50 Am Zinc 15 14'% 14% 14% Anaconda Cop.. 79% 77% 78 78% Calumet & Arlz. 79% 77% 77% 7848 Calumet & Herla 29% 28% 28% 28% Cerro de Pasco. 64% 63% 63% 64 Dome Mines ... ... 8% Andes 34% 34*8 34% 36% Granby Corp ... 58*2 58’% 58% 58% Gt. Nor Ore .... 23 22% 22% 22% Inspiration Cop. 29% 29% 29% 29% Howe Sound ... 39% 38% 38% 39 Int Nickel 44 42% 43% 42% Kennecott Cop.. 59% 57% 58 59% Magma Cop ... 49% 49% 49% 51 Miami Copper... 33 32 32 32% Nev Cons 29% 29% 29% 29% Texas Gul Sul.. 64% 63% 54 64% St Joe 53*2 53% 53 % 54 U S Smelt 34% 33 33 34% Oils— Atlantic Rfg ... 49% 48 49% 48% Barnsdall A 32% 31% 32% 31% Freeport Texas.. 47% 46% 48% 48% Houston Oil ...100% 98% 98% 93% Indp Oil & Gas 31 29% 29% 29% Cont'l Oil 29 28Vi 28% 27% Mid-Cont Petrol. 31% 31% 31% 31 Lago Oil & Tr.. .. ... ... 25 Pan-Am Pet 8.. 55% 55% 55% 55 Phillips Petrol.. 40% 38% 39% 38 Prairie Oil 52 51% 52 52 Union of Cal 46% 46% 46% 46% Prairie Pipe.... 56% 56 56% 56*4 Pure Oil 25% 25% 25% 25 Royal Dutch.... 54% 54% 54% 54% Richfield 27 26% 26% 26% Shell 24% 24% 24% 24'% Simms Petrol .. 34% 32% 33% 32% Sinclair Oil .... 31 29% 30% 30 Skellv Oil 40% 39 40 38% Std Oil Cal 70 68% 69% 68% Std Oil N J 76% 74% 76% 75*4 Std Oil N Y... 37% 36% 37% 36% Tidewater 16% 15% 16% la% Texas Corp 58% 57% 58% 57% Texas C A 0.... 13% 12% 13% 12% Transcontl 20% 19% 20 19% Indian Refining.. 24% 23% 23% 23*4 Industrials— „ Ariv Rumlev 19% 19 19 19% Allis Chalmers.. 66-% 65% 65% 60% Allied Chemical 311*5 303% 310 303% A M Byers 104% 101% 101% 102% Armour A 6% 6% 6"* 6% A me? Can 151% 149% 149% 148% Alleghanev Corp 34 32% 33% 32% Am Safety Raz.. 61% 61% 61% ... Am Ice 39*4 38% 39 39 4 Am Wool 15% 15 15 15% Assd Dry Goods. 46% 45% 40% 4a% Bon Alum 66% 66% OS'* o®% Coca Cola 186% 183% 185 184 Conti Can 70 68% 687* (0 Certainteed .... 13% 13% 13% 13 Crosley 31% 20% 20% 20% Congoieum 18 17% li% 18 Curtiss W 14% 14 14% 14 Davidson Chem. 42 40% 40% 40% Dupont 141'% 139% 139% 140 Famous Players. 76 74% 7454 76% Gen Asphalt ... 69% 65% 68% 65% Fox A 41% 37% 39% 39 Gold Dust 43 42% 42% 42% Glldden 35% 35% 35% 35% Int Harvester .. 93% 9474 96% 94% Kelvlnator 23*4 22% 22% 23% Lambert 110% 109% 110% HO. Loews 85 81% 81% 837* May Stores .... 55 54Vi 54% ... Kolster 4% 4% 4% 474 Montgom Ward, 40% 4040 40 Natl C R 67% 66 66 66 Radio Keith 39% 38% 39 40% Owens Bottle ... 60 60 60 60 Radio Corp .... 62% 61% 61% 60% Real Silk 61 6074 60% 61 Rem Rand 43% 42% 42% 42% Sears Roebuck.. 88% 87 87 87 Servel Inc 12 11% 1174 11% Union Carbide .103% 102% 103% 10374 Warner Bros ... 78% 74% 75% 7874 Un Air Craft... 89 86% 88 88% Univ Pipe 8 674 8 7% USCs Ir Pipe.. 35*4 3474 34% 34% U S Indus Alco 105% 104% 104% 104 Worthington P. 139 132% 132*2 138 VVoolworth Cos.. 64% 6374 63*4 64% Am*Tel*&*Tel. .26974 263 267*4 263 Am Pr & Lt. ...116 114 115% 114% Fng Pub Service 61% 59• , i 61% 60% Am Wat WTc5.,115% 113% 114% 114% Am For Power.. 96% 94V4 94% 93*4 Gen Pub Sevr.. 51 50 50% 49*4 Col G& E 83% 81% 83 8074 Commonwlth & S 19% 19 19% 19 Consol Gas ....128% 124 127% 123% Elec Pow <ffc Lt 97% 94% 94% 95% Int T & T 70% 6874 69% 6874 Nor Am Cos 128% 126 128*4 126*4 Pac Light 104 101% 104 101% Pub Serv N J.. 111% 109 11074 110% So Cal Edison.. 67% 66% 66% 66% Std Gas & E1..120% 118% 119% 119 United Corp .... 46% 44% 46% 44*4 Utilities Power 42 41% 42 42 United G & Imp 45% 43 45 43*4 West Union Tel 193% 191% 192 191% ShiDpinc— Am Inti Corp.. 55 5 4 53 54 53% Am Ship 6s Com 2% 2% 274 2 Atl Gulf 6s W I 66% 66 66 68% Inti Mer M pfd 27 27 27 27 United Fruit... 93% 92 93% 91% Am Suz Rfe ... 67% 66 67% 66% Beechnut Fkz .. 63*4 63*4 63*4 ... California Pkg 73 , Canada Drv ... 73% 73 73 <3*4 Corn Products... 99% 98% 99 100 Cont Bak A . . 39*4 38% 38% 39 Borden 78 76% 76% 7674 Cuban Am Sug 7% 7*4 7% ... Grand Union . . 17% 17*4 1774 17% Grand Union pf 41*2 41% 41*2 41% Kraft Cheese... 50% 50*4 50% 50% Kroger 40% 40% 40% 40% Loose Miles 85% 67% 67 V 4 68 Natl Biscuit ... 87% 87 87% 87% Nat! Dairv 56 55% 5-% 55% Purity Bak .... 77 75*4 75% 7674 toft 4% 4% 4% ... Stand Brands .. 26 25% 25% 25% Ward Baking B 14*4 13% 13*4 14% Tobaccos— Am Sumtra .... 16% 16% 16% 16% Am Tob B 236 233*4 233% 235 Con Cigars ... 52 Genera! Cigr 58 Llg 6r Meyers... 111% 110% 111% 111 , Lorlllard 26 25 25 25%

Local Wagon Wheat

Citv grain elevators are paying $1.05 for No. 2 red a heat and SI.OO for No. 2 bard wheat.

PORKER TRENU UNCHANGED AT LOCALMARKET Cattle and Calves Remain Steady; Sheep Mart Holds Even. Mar. Bulk. Ttop. Receipts. 28. $10.50® 10.85 $ll.OO 5,000 29. 10,15010.65 10.85 3.500 31. , 10.00010.50 10.60 3.000 Y TII 10.007110.10 10.25 6.000 2. 10.20<<f10.50 10.50 4.000 3. 10.20m0.50 10.60 6.000 4. 10.20®'10,50 10.50 6.000 Hogs so; the most part held steady today at the union stockyards. The bulk, 150 to 275 pounds, sold for $10.20 to $10.50. Top price was $10.50. Receipts were 6,000, holdovers 477. No change was noted in cattle trade, receipts numbering 550. Veals were steady at sl4 down. Calf receipts were 900. Sheep were unchanged with receipts of 400; 89-pound western lambs brought $9.50. Chicago hog receipts were 13,000, including 3,500 direct. Holdovers were 6,000. Today’s market opened 10 to 15 cents higher than Thursday’s average. Choice 160 to 200pound weights brought $10.40 to $10.50; 285 to 290-pounders, $9.83: around 340-pound weights, $9.65. Cattle receipts were 1,500; sheep, 13,000. —Hog*— Receipts. 6.000; market steady. Heavies. 300 lbs. up $ 9.50010.00 250-300 ibs 10.00® 10.20 Med. wts.. 225-250 ibs 10.30® 10.40 220-225 lbs 10.40m0.50 Light wts., 160-200 lbs 10.40® 10.50 Light Its.. 130-160 lbs [email protected] Light wts.. 160-200 lbs 8.75®, 9.60 Packing sows B.oo® 9.00 -CattleReceipts. 550: market, steady. Beef steers. 1.100-1.500 lbs. good and choice $12.004114.50 Common and medium 9.50® 12.00 Beef steers. 1.100 lbs. down. good and choice 12.25fe 14.75 Common and medium [email protected] Heifers. 850 lbs. down, good and choice Common and medium Cows, good and choice [email protected] Common and medium 6.50® 8.50 Lower cutter and cutters 4.75@ 6.50 Stocker and feeder steers, good and choice lO.OOtffi 11.50 Common and medulnt 7.00® 10.00 —Vealer*— Receipts. 900; market, steady. Medium and choice $10.00(5514.00 Cull and common [email protected] —Sheep— Receipts. 400; market, steady. Lambs, good and choice $ 9.00@ 9.75 Common and medium 7.50® 9.00 Ewes, medium to choice 4.00& 5.75 Cull and common 2.00@ 4.00 Other Livestock 11 CHICAGO? April 4.—Hogs—Receipts. 13,000; including, 4,000 direct; mostly. 10® 20c higher; fairly active to shippers and small Packers; top, $10.50 paid lreely for 160-210-lb. weights; 290-lb. averages at $lO and 340-lb. weights at $9.75; butchers, medium to choice, 250-350 lbs., $9.65® >0.20; 200-250 lbs.. $9.80?10.50; 160-200 lbs., $9.85 @10.50; packing sows. [email protected]; pigs medium to choice, 90-130 lbs., s9® 10.20. Cattle —Receipts. 1,500. Calves —Receipts, 1,000; generally steady; fat cows showing some strength: heavy steers continue in demand with light kinds and light yearlings weak; top. sl4; classes steers good and choice, 1,300-1,500 lbs.. $13.25(515.25; 1,100-1.300 lbs., [email protected]; 950-1,100 lbs., $12@15; commor and medium. 850 lbs. up, s9@l3; feu yearlings, good and choice 750-950 lbs., sl2® 14.75; heifers good and choice 850 lbs. down, sll <5 13.50; common and medium, $8@11; cows good and choice. $8@10; common and medium. $6.39749: low cutter and cutter. ss® 6 50- bulls good and choice beef, $8(1/9.25: cutter to medium. $7®8.25; vealers milk fed good and choice s9@lS: medium, SBO/ 9: cull and common, $6.50@8; Stockers and feeders, good and choice ail weights, $10011.50; common and medium. sß® 10. Sheep—Receipts. 13,000; market, slow; opened steady to strong; early bulk fat lambs, $9.25® 9.50; early top. $9.75: few heavies. $9; fat ewes and shearing lambs quotable steady: lambs good and choice 92 lbs down. $8.tW'9.90; medium, $8.25@9; cull and common. [email protected]; medium to choice 92-100 lbs. down. $8®9.50: ewes, medium to choice 150 lbs. down, $5,250/6.65; cull and common [email protected]; feeder lauibs, good and choice. [email protected]. Bu Times Special „ , „ LOUISVILLE. April 4 Hogs—Receipts. 600; market, 10c higher; 300 lbs. up. $8.70; 225-300 lbs., $9.55; 165-225 lbs.. $10.35; 130-165 lbs., $9.45; 130 lbs. down, $7.55; roughs. $7; stags, $6.40. Cattle—Receipts, 100; market, steady: prime heavy steers, $11012.50; heavy shipping steers, slo® 11; medium and plain steers. $8.50@10; fat heifers. [email protected]; good to choice cows. $6.5008.50; medium to good cows, s6@ 6.50; cutters, ss® 5.50; canners. $3.50® 4.75; bulls. s6@B; feeders, $8010.75; stockers, $7.50@11; calf 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 lii 10: buck lambs, $8.50749; seconds. $6(:7; sheep. [email protected]. Thursday’s shipments —Cattle, 30; calves. 130; hogs, 141; sheep, none. Bu United Press „ CLEVELAND, April 4.—Hogs—Receipts. 1,500; holdovers, 112; around 10@15c higher: spots, 25c up on weighty kinds; 160-210 lbs., *10.60010 75; 220-300 lbs.. $10.25010.50; pigs. *10.25; rough sows and stags, steady. $8.50 and $6.50 respectively. Cattle —Receipts, 125: steers, dull, uneven; catchy at week's decline; load lots, $10.50; few of medium quality upward to $11; heiferettes around $3.50; cows, quotable steady; calves, receipts. 250; mostly steady on good to choice, $14.50015 kinds, but dull and uneven on sß® 13, cull to medium offerings. Sheep—Receipts, 700; mostly steady; clipped lambs at $8.50 dow'n: lacking top duality: medium kinds. $7.50 and less; lew' culls as low as $5. By United Press EAST ST. LOUIS. 111.. April 4.—Hogs— Receipts. 11.500: market uneven: s@lsc higher; bulk. 160-220 lbs., $10010.9.5; top. $10.35; 230-275 lbs.. $9.80@10; sows, $8.65 @8.85. Cattle—Receipts, 900; calves. 600; market, vealers 25c lower at $13.50: other classes quotable steady: not enough to make a market. Sheep—Receipts. 2,500: market, few clipped lambs to city butchers steady at $8.75; indications about steady on others. Bu United Press TOLEDO. April 4.—Hogs—Receipts. 200; market steady to 10@15c higher; heavies, $9,407)9.75; mediums. $10.15® 10.40: Yorkers, $10810.25: pigs. $10@:0.25. CattleReceipts. 100; market steady. Calves—Receipts, light; market 50c lower. Sheep— Receipts, light; market slow, steady. By United Press EAST BUFFALO. April 4.—Hogs Receipts. 2,400; holdovers, 900; fairly active, mostly to packers: weights about 150 lbs., s@lsc higher, others steady; bulk 160-210 lbs., *10.90; 220-270 Ibs., *10.50010.85; 150 lbs. down. $10.50 0 10.75; mixedT offerings, $10.25; packing sows. $8.85®9.35. Cattle— Reeeip cows, fully steady; cutter grades, $3.50776.25. Calves—Receipts. 100; choice shipping weights steady, others slow, 50c to $1 lower: good to choice. sl4 @ls; common and medium, s9@l2. Sheep —Receipts. 1,600; lambs draggy. generally steady; good to choice woofskins. 90 Ibs. dotlm $9.50010; similar grades shorn lambs, $8.50@9; medium. $8.25. By United Press PITTSBURGH. April 4.—Hogs—Receipts. 500; market steady to 15c higher; 150-210 lbs. $lO [email protected]: 220-250 lbs.. *10.257; 10.65; 260-300 lbs., $9.757710.25; 100-130 lcs.. $10010.35: sows $8,507)9. CattleReceipts, 50; market steady; good to Receipts. 25: market nominal. Calves—choice vealers. $12.50@14. Shep—Receipts, 500- market 25c lower: bulk clipped lambs, sß@9. B Cincinnati!* 0.. April 4.—Hogs—Receipts, 5,131. including 2.521 direct; holdovers, none; strong to 10c higher: bulk good and choice. 160-225 lbs., mostly $10.60: 230-260 lbs.. *10.3; 120-150 lbs, unevenly ten to mostly $lO 2s; light Pigs, 90-110 lbs., $9.25® 10; sows, $808.25; smooth finished. $8.50. Cattle—Receipts. 375- calves. 425; indifferent steer and heifer trade: scattered sales and bids. 25c or more lower; odd lots. $10012; cows, steady; beef grades up to $9, low cutters nd cutters. $5.2507; bulls, sß®o down, vealers opened steady, closing 50c@$l or more lower: early top sl4- late top. $18.50; under grades. *BOll. Sheep—Receipts. 200; steady; desirable shorn lambs up to $8.75; common and medium. $6 507; 7.50- inferior. $5 down; choice shorn ewes, $5: few spring iambs up to $lB. Queen's Condition Worse ROME, April 4.—The queen ol Sweden, who has been ill for many months, passed a bad night, an official bulletin said today. Her weakness was considerable and the heart trouble increased.

Business and Finance

WASHINGTON, April 4.—Loans on stocks and bonds to brokers and dealers by reporting member federal reserve banks in New York City on April 2. showed an increase of $148,000,000 over the previous week's total, the federal reserve board announced Thursday. Total loans now stand at $3,968,000. A week ago, loans totaled $3,820,000,000 and on April 3, 1929. $5,562,000,000. On April 4, 1928. loans totaled $3,979,308,000. The record high of $6,804,000,000 was established on Oct. 2, 1929. Heading the list of electrical appliances sold during the calendar year 1939, according to a survey of a large number of electrical companies Just completed by Stone & Webster, Inc., were electric irons, with 54.4 per 1.000 home customers compared with 51.1 in 1928. Other increases were percolators. 19.9 against 19.1; wasring machines. 9.0 against 5.6: electric ranges. 17.6 against 16.3: electric refrigerators 11.8 against 9.5; electric cookers 9.1 against 6.2, and vacuum cleaner and floor polishers. 10.0 against 92. Miscellaneous appliances increased from 15.0 to 33.0. American consumption of tin during March reached the highest level in thirteen months, totaling 8.675 tons, an increase of 75 per cent orer the February i consumption of 4,940 tons, according to official statistics made public in London Thursday. TW world’s total consumption for March exceeded production by 581 ton*. Supplies of tin for the month amounted to 11.902 tons, compared with 13.102 tons in February, representing a decline of 9 per cent. Deliveries on the other hand totaled 12.433 tons, an increase of 38 per cent over February. The market value of 100 representative common stocks Increased 8.9 per cent in the month of March, according to a computation lust made public by Frazier Jelke & Cos. The 100 issues at the end of the month were appraised at $34,857.697,000 compared with $32,010,529,000 at the end of February and $24,274,384,009 on Nov. 13. 1929. The same stocks at the end of August. 1929. were valued at $43,447.945.000. American Machine and Foundry Company. announced the acquistion of the Martin Miller Company, manufacturers of baking machinery. The company will eventually be absorbed bv the larger organization. Martin Miller, president of the Miller Company has joined the staff of the American Machine and Foundry Company. Philip Gossler Jr., has been admitted to partnership in the banking firm of White. Weld & Cos., effective today. Since purchasing a seat on the New York Stock Exchange last July, Gossler has acted as an independent broker. He was formerly associated with Dominick and Dominick. The world's largest anthracite coal breaker, the first all-steel, all-electrlcailv equipped of its kind, will go into operation today at Locust Summit. Pa., where it has been constructed for the PhiladelEhia and Reading Coal and Iron Company v the Stone and Webster Engineering Corporation. The annual report of National Department Stores, Inc., as made public today, shows a continuation of the consistent improvement reported for the previous yeur. Os especial interest is the fact noted in the report to the stockholders that acquisitions of new units effected early this year, were made without the necessity of any public financing. The National's report covers the fiscal year ended Jan. 31. 1930. CHICAGO. April 4.—March shipments of the Auburn Automobile Company were the largest for the month in the history of the company, increasing 34 per cent over the previous month and 8% per cent over a year ago. it was announced by E. L. Cord, president. ‘•Not only docs this represent the best March the Auburn company ever had,’ Cord said, “but in only three months in our entire history have we ever done better and that was In the recordbreaking second quarter of last year.” That the stock market for the remainder of 1930 will be a “blue chip”

In the Cotton Market

(Bv Thomson & McKinnon) NEW YORK. April s.—Cotton opened at new high prices again this morning and within a range of very few points, held its level throughout the morning. The opinion that this season’s acreage will show a reduction around per cent gains ground. Textiles seem to be holding the slight improvement previously noted, with the tone of the various markets somewhat firmer. Foreign cottons are advancing. American contract markets continue to show excellent demand, especially for summer months, with the strength in later months probably sympathetic. The trade now is firmly of the opinion that the farm bosrd will accept the delivery of actual cotton on their contracts and spot people are arranging their positions accordingly. The approach of firs* notice day for May cotton will be accompanied by very nervous markets and the tendency is quite likely to be toward a materially higher scale of prices. Early in the afternoon prices were at new* highs. July was 16.80 cents and tone firm. NEW ORLEANS —April 4 High. Low. Close. January 16108 15.74 15.74 May 16.32 18.14 16.15 July 16.64 16.18 16.22 October 15.87 15.53 15.55 December 15.98 15.68 16.69 NEW YORK High. Low. Close. January 16.28 15.95 16.25 March 18.20 15.88 16.15 May 16.79 16.38 16.69 July 16.89 16.42 16.70 October 16.15 15.75 16.15 December 16.25 16.15 16.20

Indianapolis Stocks

—April 4 Bid Ask Amer Central Life Ins C0..1.000 Belt R R & Yds Cos com 61 •Belt RR & S Yds Cos pref.. 56Vi 60 Bobbs-Merriil Cos 30 33Vi Central Ind Pow Cos pref 91 95 Circle Theater Cos com... ...105 Citizens Gas Cos com 27 Citizens Gas Cos pfd 96 99 Vi Commonwealth L Cos pf 7% .. 97 Commonwealth L Cos Df 9%.. 99 Hook Drug Cos com new 23 36 Ind Hotel Cos Clavpool c0m...125 Indiana Hotel Cos pref 100 Indiana Service Corp pref.... 83 Indianapolis Gas Cos common.. 57 6l‘i Indpls Power & Lt Cos pfd.... 105 196 Vi Indpls Pub Wei Loan As com.. 53 Indpls St Ry Cos pfd 30 31 Vi Indianapolis Water Cos pfd.... 98 Interstate U 3 Cos or 6% L pf 90 93 Interst P S Cos pr 7G P pfd.. 101'z 104 Metro Loan Cos 98V* ... •Northern Ind Pub 5Vi ft co pfd 91 94 Vi •Northern Ind Pub 6% co pfd. 98 102 •Northern Ind Pub 7<7 co pfd. 105 Progress laundry Cos coir. VS 4*Vi E Raub & Sons Fer Cos pfd .. 48Vi 51Vi Real Silk Hosiery M Inc pfd 100 Shareholders Investors C 0... 24Vt ... Standard Oil Cos of Ind 58 •Terr? Haute Trac & L Cos pfd 71 Union Title Cos common .... 42 50 Van Camp Prod Cos Ist pfd.. .. 98 Van Camp Prod Cos 2nd pfd. .. 98 •Ex-Dividend. —BONDS— Belt R R & Stock Cos 5s 91 94Vi Central Indiana Gas Cos 55.. 99 Central Ind Power Cos 6s 99Vi ... Citizens Gas Cos 5s 102 Citizens Street Railroad 55... 50 55 Gary St Rv Ist ss. 85 Hone T & T of Ft. Wayne 6e.101% Ind Northern Trac Cos 5s ... 3 5 Ind Rv & Light Cos 6s 97 Indiana Service Corpn 5s 89 Indpls Power and Light Cos is 99 101 Indiana Union Trac Cos 5s .. 5 Indpls Cos! <te Cos Trac 6s 96 99 Indianapolis Gas Cos 5s 99 101 Indpls dfc Mart Rapid T C o 5s 20 Indpls No Trac Cos 5s 10 13V5 Indpls North Western Cos 55.. 20 Indpls Street Ry 4s 43 47 Indpls Trac Ter Cos 5s 93 95 Indpls Union Ry 6s 100'i ... Indpls Water Cos s>is 102 V* ... Indpls Water Cos 5s 95 Indpls Water Cos lien i ref.... 92‘,i 94% Indpls Water 4>is 93 94% Indpls Water W Sec Cos 55.... $5 Interstate Pub Ser Cos 6'is... .162 V, ... No Ind Pub Serv Cos 5s 101 Interstate Pub Serv Cos 4’is .. 91% ... No Ind Pub Serv Cos 6s 100 No Ind Telegraph Cos 6s. 97 T H Ind & East Trac Cos 5s 65 T H Trac & Light Cos 5s 95 ... Union Trac of lad Cos 65...... 17 22Vi

market was predicted by Victor Kalkt of Throckmorton * Cos., member* of the New Y'ork Stock Exchange, in an address to Inrestment hankers at the Merchants Club. Baltimore. Thursday. DETROIT. April 4.—Gross buslnes: of the Express Transportation Company has increased approximately 200 per cen-. in the past sixty days over the last two months in 1929. lt was stated today try H. J. Lamack, president.

Chicago Stocks

1 (By James T. Hamill A Co.i —April 4 TOTAL SHARES 520.400 SHARES Adams Mfg So% 30% 30*• Allied Products 48% 47 eg% Amer Equities 19% Art Metal Works 24% 23% 34% Associated Apparel ... 41 Assoc Telephone Util.. 21% Auburn Automobile ... 259 355 259 Bendtx Aviation 55% 54% 54% Borg Warner 49 48 48% Brown Fence & Wire A 28 Brown Fence & Wire B 30% Burnham Trading .... 33 51 51 Butler Bros 13% 13 13 Castle AM 70 68% 69 V, Cent 111 Securities 39% 29*4 29% Cent Pub Serv Class A 41 s , 41% 41% Cent &So West 29% 29% 39% Chicago Corp 14% 13% 14% Chicago Corp pfd 44 % Club Aluminum 5% 5 5 Commonwealth Edison..39l Construct Materials ... 22 s , 22% 22% Sonstruct Materials pfd 48 47% 48 Corp Securities 70*4 70 70*4 Electric Household 56% 55% 55% Electric Research Lab.. 2 1% 1 % General Theater Equip.. 50 48 48% Great Lakes Aircraft .. 6% 6% 6% Grigsby-Grunow 21 s , 21', 31% Houdallle-Hcrshev A... 29 28% 28% Houdaille-Hershev 8... 26% 36% 26% Insull Util Invest 67% C 7 67% In Util In pfd ex-war 97% 97 97 In U I pf 2d sr bd 6% 110 s , 110% 110% Iron Fireman 24 23% 24 Kellogg Switch com ... B*4 7% 7% Keystone Steel 17 Lane Drug VTC 3% . . Libby-McNeil 27*', 25% 26% Lion Oil Regning Cos.. 29 36 28 Lynch Glass Machine. .. 27% 29*4 29% Merchants & Mfrs “A” 29% 38 39% Middle West Util (New) 37% 37% 37% Midland United 38 37% 27% Muskegon Motor Spec 20% 20% 20% Natl Elec Pow “A'’ 37 36 36 Natl Rep Inv 51 50% 50% Natl Sec Inv 34*4 Natl-Standard 40 Noblitt-Sparks Ind Inc. 57 56 87 North Am Car 46 43 48 North Am L <fc P 70% 70 .0% NSSAm Corp 34% 24 34% 1 Perfect Circle 44 45% 43V2 Reliance Mfg Cos 16% Seaboard Util Shares.. 9% 9 9 ! Standard Dredging Cos. 38 ! Stetnite Radio 2*4 2*4 3% | Super Maid 50*1, 50 50 (Swift <fc Cos 31% 31% 31*4 Swift International ... 32% Unit Corporation 18 Utah Radio 6 5% 5% Util Pow &Lt N V ... 26 35% 25 5 , Utility & Ind 22 V, 21% 31% Utility & Ind pfd 37*4 37% 27% Winton Engine 69 66% 69 Yates Machine 15 13% 15 Zenith Radio 11% 10*4 10%

Investment Trusts

Bid. Ask. Am Founders new 24% 26% Basic Industry Shares 9% 10 Corporate Trust Shares 9% 10% Diversified Trust Shares A.... 36*4 ... Diversified Trust Shares 8... 21% 23% Diversified Trust Shares C 9% 9% First Investment Corporation. 11% ... Fixed Trust Shares A 33** ... Fix Trust Shares B 19% ... Investments Trust of N Y 12 12% Leaders of Industry 13 12% No Am Trst Shares 62 65 Power & Light Sec Trust 63 65 Reybarn & Cos IS 14% Standard Oil Trust Shares 10 12 S W Straus Inv Units 53 58 Selected Amer Shares 8 8% Trustee Standard Oil Shares... 10% ... U S Elec &. Pow Shares A.... 43 44 U S Elec Lt L Pwr Bhares B 12 13%

On Commission Row

Fruit* Apples—Delicious, box extra fancy. s4.*B; fancy, $4: Baldwins. $3.25#2.50:. Northern Spies. *2.25; Wlnesap, $2.3503.50. Grapefruit—Florida. *506.50. Grapes—California Alemerla. *3.75: Ktnperors. keg. *6. Lemons—California, a crate, $509. Limes—Jamaica. $2.50 a hundred. Oranges—California navals. *5.2501. Fresh Strawberries—4oc a auart. Vegetable* Beans—Florida. $6 a hamper. Beets—Texas. *3.50 03.75. Cabbage—News. 8c pound. Celery—Florida, $3.2503.75 a crate. Cauliflower—California. $2.30 0 3.78 a Cucumbers—Home grown. *4.135 e Eggplant—*l.7so2 a dozen. Kale—Spring, 90c to *1 a bushel. Lettuce—California Iceberg. $1.6004.00 a crate: home grown leaf, a bushel *1.20® 1.35 Onions—lndiana yellow. 32 a 100-!b. bag; white. $2.50 a 50-lb. bag. Parsley—Home grown. 50c do*. Peas—California. 45-lb. crate, $606.50. Peppers—Florida, a crate, $607. Potatoes—Wisconsin, $5.30 a 150-lb. bag: Minesota $3.10 a 100-lb. bag; Red River Ohios. 120 lbs., $4.75: Idaho Russets, $4.50 a 100-lb. bag. New Potatoes —Nan*y Halls, 81.75 a 50-lb. crate. Sweet Potatoes—Nancy Halls, 91.78 a hamper: Opossum brand. Indiana lerseva. $3.25 per bu. Rhubarb—Home grown hothouse. 8-Jb. bunch. 76c. Sassafras—lndiana. 80c a doz. Radishes—Home grown button, 93c doz. Mustard—Home grown. $1.50 a busheL Cucumbers—Howe grown. *2.3503.75.

Produce Markets

Eggs (country run)—Loss off. delivered in Indianapolis. 31c: henery Quality. No. 1 24c: No. 2. 21c. Poultry (Buying price*)—Hens, weighing 4%c lbs. or over. 23c; under 4% lbs., 26c; Leghorn hens, 22c: springers, 4 lbs., or over. 21c; under 414 lbs., 21c; broilers. 1930. 32c: old cocks, 12®15e: duelK. full feathered, fat. whites, 12c: geese. 10c. These prices are for No. 1 top quality. Quoted bv Kingan Ac Cos. Butter (wholesale)—No. I, 44®43c: No. 2. 42®43c. Butterfat—39c. Cheese (wholesale selling price per pound)— American loaf. 31c: pimento loaf. 33c; Wisconsin firsts. 27c: Longhorns. 34c: New York limberger. 36c. By United Press NEW YORK. April 4.—Flour—Firm and higher; spring patents, *6.1006.35. Pork —Steady: mess, $30.50. Lard—Firmer: middle west spot. $10.90011. Tallow Steady; special to extra. 6%@6%c. Potatoes—Old firm, new barely steady; Long Island. *1.75 0 5.40; southern. $308.50; Maine, $1.75®5; Bermuda. ss@ll. Sweet potatoes—Steedy; southern baskets, 75c@ $2.10; southern barrels. *2 50 04; Jersey basket. 75c%52.75. Dressel poultry—Firm; turkeys. 27®42c; chickens, 18034 c; ea?ons. 30®44c; fowls. 18@32c; ducks, Long sland. 2Ce. Live poultry—Easy; geese, 13 ®18c; ducks. 14®22c: fowls. 26@33e: turkeys. 25@42c; roosters, 14®15c; chickens, 20034 c; capons. 22@50c; broilers, 25@40c. Cheese —Quiet; state whole milk, fancy to special. 24®26c; young Americas, 22@25c. Bu T'nited Press CHICAGO. April 4—Eggs Market, steady; receipts. 30.717 cases; extra firsts. 25c; firsts. 24%024'ac: ordinaries. 23c: seconds. 22%c. Butter—Market, firm; receipts. 12,200 tubs: extras. 37%e; extra firsts. 36*4® 37c: firsts. 34®35%c; seconds, 31 ®32 %c; standards, 37%c. Poultry— Market, easier; receipts. 4 cars; fowls, 28e: springers. 30c; Leghorns. 24c: ducks. 20fi 23c: geese. 15c: turkeys. 25c: roosters. 13c; broilers. 36® 37c. Cheese—Twins, 18%@ 19c: young Americas. 20c. Potatoes—On track. 256: arrivals. 118; shipments, 1.029: market, steady on Russets and sllghtlv easier on northern stock: Wisconsin sacked Round Whites. $2.8503; Minnesota sacked Red River Ohios, *s.lo: Idaho sacked Russets. *3.80@4. By United Press CLEVELAND. April 4.—Butter—Extras, 41c: extra firsts. 41c. Eggs—Extras, 25%c; firsts. 25®'25%c. Poultry—Fowls. 30c; medium. 31c: Leghorn. 26c: ducks. 25@28c; old cocks. 18s: geese. 15020 c; stags, 22c. Potatoes—Maine green Mt.. $3 0 3.25 per 150-lb. sack; Idaho Russet, *4.85 2 4.60 per 100-lb. sack.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MKMBEK9 New Y*rk Stack Exeltaagw Chicago Stock Exrbng> Now York Cotton Exchange Chicago Board ol Tnd< Now York Cork A**octatior 300 Fletcher American Bank Bldg. Telephone Lincoln 5541

PAGE 13

BUSINESS TREND GOOD, ACCORDNG TO NEW SURVEY Depression Noted During First of Year Believed Receding. Bu United Press WASHINGTON. April 4.—’The first quarter of 1930 recorded the worst business depression since the deflation collapse of 1921. but ended with the pendulum decidedly on the upswing of recovery. Observers agree that the trough of the depressive reaction has been passed. Two 5,000,000-share days on the stock market during the last half of March signalized the return of the public to the speculative market. At mid-March new awards for construction passed last year’s comparative figures for the first time since the stock market panic. Steel Picks I'p Steel operations were marked at 83 per cent of plant capacity for March with unfilled orders standing 2 per cent above a year ago at the beginning of the new quarter. Unfilled orders for transportation equipment averaged 50 per cent higher in March than In the corresponding month of 1929, showing the extensive railroad buying promised in the white house conferences last tail. Another bullish factor was approval by congress last week of a bill increasing federal-aid road building appropriations from $75,000,000 to $125,000,000 annually for the fiscal years 1930. 1931 and 1932. President Hoover is expected to sign the bill within the next few days. Matched dollar for dollar itli state funds the bill assures tv> estimated expansion of 25 per cent in road development this year. AutomoU'les Off Automobile production recorded a normal seasonal pickup during March, but the quarter ended with total production 30 per cent behind last year, a figure reflecting an intense concentration of unemployment In the Michigan-Ohio industrial area. But the quarter’s production was above the JanuaryMarch average for the four years 1926-1929. The general wholesale price index seems to have been stabilized at about 8 per cent below the boom average of 1929. The general level of agricultural prices declined 5 points more between Feb. 15 and March 15, reaching the lowest point since May, 1927. At 126 per cent of the prewar level on March 15, they were 14 points below a year ago, with the heaviest decline noted in cottondown 42 points from a year ago. Grains were down 17 points and meat animals, 9. Grain prices since have shown slight recovery on drought reports and reduced-acre-age prospects for next year.

Cash Hay

Indianapolis Lav prices, f. o. b. country points with freight rate to Cincinnati or Louisville, 21% cents or less: No. 1 timothy. $12.50 No. 2. $11.50: No. 3. $10; No. 1 light clover mixed, $11.50; No. 1 clover tnlxec. $11.50; No. 1 clover. $lO 50.

New York Bank Stocks

—April 4 National Banks Bid. Asked. America 139% 140% Interstate 52% 52% Chat Phenlx National 137 137% First National 6,450 6,500 Public 140*/* 142 Manhattan Cos 150% 151 Trust Companies Bankers 176% 177% Chemical 85 89 Corn Exchange 236 236% Irving 68% 69 Manufactures 146 148 Bank of United States 77% 78 Cent Hanover 393 396 New York Liberty Bonds —April 4 3%s 100.1S Ist 4%s 101 U 4th 4%s 101.26 Treasury 4%s 116 6 4s 107.12 3%s of '47 100.14 3%s of '43 100.80 NEW YORK COFFEE RANGE —April 4 High. Low. Close. March 7.82 7.82 7 82 May 8.70 8.65 8.70 July 8 36 8 35 8.36 September 8.12 8.12 8 12 December 7.94 7.92 7.94 Marriage Licenses Homer O. Kleffer. 23. of Ft. Harrison, cook, and Thelma M. Scott. 18. of 1802 Union. William Poindexter, 21. of 1018 Bt. Peter, salesman, and Roberta Crowdus, 17. or 2221 Pleasant. Melvin G. Estep. 24, of 2311 East Eleventh, painter, and Bonnie Claunch. 25, of 1122 East Eleventh, saleslady. Robert T. Stewart. 23, of 1718 Arrow, butcher, and Audrey E. Hiday, 21. of 1722 Edgar W. Van Zant. 43, of 1642% College, accountant, and Amy E. Baker. 44, of 3002 Emerson, clerk. TWINS GET ‘BREAK’ Seeking twins, the Veterans of Foreign Wars drum corps offers a trip to Washington, Baltimore and other eastern cities as the reward to two Indianapolis girls. The twins must look alike, as all good twins do, and must be between 18 and 25 years old. They are to be made drum majors of the Veterans of Foreign Wars drum corps, the Indiana championships corps, which will compete Ja the national drum corps contests this year. The twins will be a feature of the drum corps appearance at Broad Ripple park dumig the V. F. W. sports carnival, now being arranged. Twin girls should apply to the Veterans of Foreign Wars office, 123 Pembroke arcade.