Indianapolis Times, Volume 41, Number 287, Indianapolis, Marion County, 11 April 1930 — Page 29

ATOL 11, 1930.

CROP REPORTS SEND FUTURES MARKET DOWN Foreign Markets Sharply Lower: Corn Drops in Sympathy. /?!/ r'nited Press CHICAGO. April 11. —Wheat slumped heavily as the Board of ' Trade opened today, scattered rains over the southwest being the chief depressing factor though foreign markets were sharply lower. While the southwest was mostly clear and hot, Goodland, Kan., had threequarters inch of rain and several other points have showers, both in Kansas and Nebraska. Liverpool fell on free offers and the prospects for rain while Buenos Aires was off u to V% cent before noon. Com sagged with w*hpat, but oats was fairly steady. At the opening wheat was % cent higher to 1U cent lower, corn was ’t to % cent lower and oats was unchanged to % cent lower. Provisions were steady. Opening about steady, Liverpool weakened and fell to 2 \ to 2% cents by midaftemoon. The trade is gradually working around to the position that the drought is about to be broken and an average crop will be harvested. Locals are inclined to sell. More than 1,500,000 bushels of corn are under charter to clear for eastern ports with the opening of navigation, about April 20, charters for a half million having been made Thursday. Longs in May are getting out of their commitments and transferring to the deferred months as the first delivery day approaches. The market leans to wheat for its trend, aside from the fundamentals. Oats has been ruling dull, though bullish on the cash situation, traders not being inclined to buy in the futures as the new crop is progressing very well. Chicago Grain Table —April 11— WHEAT— Prev. High. Low. 12:00. close. May 1.14' i. 1.12% 1.13% 1.14 V, July 1.15% 1.14% 1.15% 1.15 V, Sept 1.18% 117 1.18% 118 Dec 1.22% 1.21% 1.22% 1.22% CORN May .84'j .83% .84% .84% July 87% .86% .87 .87% Sept 88% 87% 88% .88% Dec 83 .82% .83 .83 Vg OATS— May 45% .44% .45 .44% July ...•.••• .45 1 2 .45% .45% .45% Sept .44% .43% .44% .43% RYE— May 66% .65% .66% .65% July 73% .72 .72% .72% Sept 77% .76 .77% .76% LARD— May 1037 10.40 July 10.62 10.62 Sept 10 80 10.82 Jin Times Sntrial CHICAGO. April 11.—Carlots: Wheat. 13: corn. 124; oats. 37; rye. 1. and barley. 8. Births Girls Olarenc* and Erma Mackey. 1419 North Kcallng. John and Nellie Sullivan, 1315 Gillette. Jerry and Ada Oliver. 1923 Hovey. Riley and Pearl Foddrill, 1 007 East Georgia. Frank and La Verne MacGowagle, Coleman hospital. Edward and Edith Lewis. 1210 Congress. James and Altha Mitchell, 64 South Rural. Claude and Jessie Brinson, 1053 East Vermont. Boys Loren and Helen Fralick, 3211 East Michigan. Gilbert and Temple Woodward, 619 North California. Oscar and Fern Burkett, Coleman hospital. Law rence and Lenora Weaver. 1526 West Twenty-second. Bernard and Mildred Brown, 1668 College. Charles and Paulene Hahn. 2222 Avondale. Deaths Vsrrio Edyth Moore, 23, Methodist hospital. endocarditis. Elmer C. Wright. 34. 825 Warren, pulmonary tuberculosis. Dante L. Conner, 37, Methodist hospital. diabetes. Robert A Rayncs. 65 727 North Audubon Road, acute myocarditis. Pearl Edith Hensley. 52, 3901 South Eastern, broncho pneumonia. Emil Yeager. 69. 410 East lowa, chronic patencymnatous nephritis. Dora Smith. 47. 2460 Bond, acute mitral Insufficiency. Sarah Porter. 95. 631 East Fifty-seventh, broncho pneumonia. Mary Carlton. 26, city hospital, broncho pneumonia. William Mendel 74. Long hospital, ohronic myocarditis. Elnora White. 33. 428 North Missouri, lobar pneumonia. Elizabeth Johnson. 46. 1840 South Kevstone. cerebral hemorrhage. George Smith, 77. 1427 North Delaware, broncho pneumonia. James Havgood. 55. Central Indiana hospital, general paralysis. Elizabeth Schneider. 61, 4050 Ruckle. arteriosclerosis. John Bradsnaw. 52. 530 North Alabama chronic interstitial nephritis. Katherine Cecelia Shellv. 80. 112 West Eleventh, chronic myocarditis. Rosa O. Shryock. 58. 345 East Norwood, m’tral Insufficiency. Ida E Rlehl. 70. 43 North Belle Veu Place, carcinoma. Henrv F. Hill. 75. 310 North Capitol, chronic myocarditis. Gebrge W Coleman. 70, Garfield Park, arteriosclerosis. Joeva Hill 53. Methodist hospital, toxic thvroid.

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Indianapolis Stocks

—April 11— Bid Ask Amer Central Life Ins C0..1.000 Belt R R & Yds Cos com SI 63% •Belt R R A: S Yds Cos pref.. 56 60 Eobbs-Merrlll Cos 30 33% Central Ind Pow Cos pref 91% 95 Circle Theater Cos com 105% ... Citizens Gas Cos pfd 96 99 Commonwealth L Cos pf 7% Commonwealth LCopf 8% ... 9< l"j,. Hook Drug Cos com new 23 25-2 Ind Hotel Cos Clavpool c0m...125 Indiana Hotel Cos pref 100 Indiana Service Corp pref 83 ••• Indianapolis Gas Cos common. . 57 61% Indpls Power & Lt Cos pfd ...104 106 Indpls Pub Wet Loan As com.. 53 Indpls St Rv Cos pfd.......... 30 31% Indianapolis Water Cos pfd .... 98 .. Interstate D 8 Cos pr 6% I. 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 99 M3 •Northern Ind Pub 7’V co pfd 106 . . Progress Laundrv Cos com .... 46 48% E Raub A Sons Fer Cos pfd ... 49% ... Real Silk Hosiery M Inc pfd 100 ... Shareholders Investors C 0... 24-a ... Standard Oil Cos of Ind 58% •Terre Haute Trac L Cos pfd. 73 Union Title Cos common .. 42 50 Van Camp Prod Cos Ist pfd.. .. 98 Van Camp Prod Cos 2nd pfd. .. 98 •Ex-Dlvldend. —BONDS— Belt R R A Stock Cos 5s 91 Central Indiana Gas Cos 55.. 99 ... Central Ind Power Cos 6s 99% ... Citizens Gas Cos 5s 102 ... Citizens Street Railroad 5s 50 54 Gary St Rv Ist 5s 65 Home T A T of Ft. Wayne 65.101% Ind Northern Trac Cos 5s ... 3 5 Ind Rv A Light Cos 65.. 97 Indiana Service Corpn 5s 89 . . Indpls Power and Light Cos 5s 99 101 Indiana Union Trac Cos 5s ... 3 Indpls Col A Cos Trac 6s 96 100 Indianapolis Gas Cos 5s 99 101 Indpls A Mart Rapid T Cos 5s . ... Indpls No Trac Cos 5s 10 13% Indpls North Western Cos Bs.. .. ... Indpls Street Ry 45.. 42 47 Indpls Trac Ter Cos 5s 93 95 Indpls Union Ry 6s 100% ... Indpls Water Cos 5%s 102% ... Indpls Water Cos 5s ......... 95 ... Indpls Water Cos lien A ref.... 92% 94% Indpls Water 4%s 93 94% Indpls Water W Sec Cos 5s 85 Interstate Uub Serv Cos 4%5... 91 No Ind Pub Serv Cos 55... 101 ... Interstate Pub Serv Cos 4%s ...91% No Ind Pub Serv Cos 5s 100 ... No Ind Telegraph Cos 65... 97% ... T H Ind A East Trac Cos 55... 62 T H Trac A Light Cos 5s 95 ... Union Trac of Ind Cos 6s 17 22

Produce Markets

Eggs tcountrv runt—Loss off, delivered in Indianapolis. 21c; heneri duality. No. 1 24c: No. 2. 21c. „ . . . Poultry tpuytng prices)—Hens, weighing 4%c lbs. or over. 24c: under 4'% lbs.. 26c; Leghorn hens. 20c; springers 4 lbs., or over. 21c; under 4% lbs., 21c; broilers. 1930. 32c; old cocks. 124115 c: ducke. full feathered, fat. whites. 12c; geese. 10c. These prices are for No. 1 top Quality, quoted bv Kinean A Cos. Butter (wholesale' —No. J. 42@43c; No. 2. 40*' 41c. Butterfat—39c. Cheese (wholesale selling price per pound'—American loaf. 31c; pimento loaf. 33c Wisconsin firsts. 27c; Longhorns. 84c; New York Umberger. 36c. Jill United Press NEW YORK, April 11—Produce: FlourQuiet and steady; spring patents, $6.10 a 6.50. Pork-Quiet: m ess. $31.50 Lard— Steady; middle west, spot, Tallow—Steady; special to extra, 6%'u 6 5 hc. Potatoes —New steady, old weak; Long Island, $1.75fi>4.75; southern. $3.75c 6.80; Maine, $1.75r 4.35; Bermuda. s4f 4.75. Sweet potatoes—Firm; southern, baskets, $1.50; southern, barrels, $2.50; Jersey, baskets. 75c4i53.25. Dressed poultry—Firmer; turkeys, 27@42c; chicxens, 18 34c; capons. 30(g44c; fowls, 164i32c; ducks. Long Island. 21c. Live poultry— Steady; gee.se, 13’<il8c; ducks, 14'26c; fowls, 25(u 34c; turkeys. 35155 c; roosters. 14.r15c; chickens. 190i32c; capons, 300/. 55c; broilers, 25®43c. Cheese—Quiet; state whole milk, fancy to special, 2410 26c; young America, 226£25c. />(/ I nited J'rrss CINCINNATI. 0., April 11.—Bvitter— Steady; creamery in tub lots according to score, 39(<i40c; common score discounted, 2(03c: packing stock No. 1,27 c: No. 2,22 c; No. 3,17 c; buttei fat, 360,39 c. Eggs— Steady; cases included: fresh gathered, 25c; firsts, 24%; second, 22%c; nearby ungraded, 24%c; duck eggs, 30c; goose, 90c. Live poultry—Fowls, 5 lbs. and over, 26c; 4 lbs. and over, 26c; 3 lbs. and over, 26c; Leghorns, 3 lbs. and over, 21c; roosters, 14%c; capons, 8 lbs. and over, 35c; under 8 lbs., 33c; slips, 21c; 1930 broilers, over 2 lbs., 38c; colored broilers, 1% lbs. and over, 35c; 1% lbs. and over, 28c; Leghorn and Orpington broilers, 1% lbs. and over, 34c: 1%- lbs. and over, 28c; broilers partly feathered, 24c; block springers, 24c. Jin United Press CLEVELAND. April 11.—Butter—Extras, 41 %c; standards, 41 Vic. Eggs—Extras, 26 %c; firsts, 25%(&26c. Poultry—Fowls, 29c; mediums, 30c; Leghorns, 25c; heavy broilers. 35(<(42c; Leghorn broilers, 32@35c; ducks, 25'<i28c; old cocks, 18c: geese, 15 Gt) 20c; stags, 22c. Potatoes —(Old) Ohio and New York. $4 per 150-lb. sack; Maine Green Mountain, $4.75(0,4.85 per 150-lb. sack; Idaho Russet, [email protected] per 100ib. sack.

Investment Trusts

Bid. Ask. Am Founders (new) 24% 25% Basic Industry Shares 9% 10% Corporate Trust Shares 9% 10% Diversified Trust Shares (A).. 26% ... Fixed Trust Shares <B) 22% ... Diversified Trust Shares (C).. 9% 9% First Investment Corporation. .. 11% Fixed Trust Shares lA) 22% ... Fixed Trust Shares (B) 19% ... Investments Trust of N Y,... 12% 12% Leaders of Industry 12% 13 No Am Trust Shares 10 10% Power A Light Sec Trust.... 64 66 Reybarn A Cos 13 14% Standard Oil Trust Shares 10 12 S W Straus Inv Units 52 58 Selected Amer Shares 8% 8% Trustee Standard Oil Shares.. 11 U S Elec A Pow Shares A.... 42 44 U S Elec Lt L Pwr Shares B 12 12% POWER BILL FAVORED Couzens Measure Reported to Senate With Committee’s Approval. Bu United Press WASHINGTON, April 11—Chairman Couzens of the senate interstate commerce committee today presented to the senate the committee's favorable report on his bill for reorganization of the federal power commission and announced he would ask for its consideration next week. The bill would create a separate power commission, composed of three full time commissioners, instead of cabinet, officers as now.

ACTIVE SELLING REDUCES EARLY STOCK PROFITS Profit-Taking Hits Market After Strong Opening; Steel Weak.

Average Stock Prices

Average of thirty Industrials for Thursday was 292.19. up 1.04. Average of twenty rails was 154.88, off .27. Average of twenty utilities was 107.92, up. 09. Average of forty bopds was 92.25, up .02. Bn United Press NEW YORK. April 11. Active profit-taking came into the stock market again today after a strong opening and the list turned irregular with about as many stocks down as up around noon. There was nothing in the domestic news to bring a setback, but apprehension was felt over the situation in Tokio where panic reigned on the Stock Exchange. Locally conditions pointed to further appreciation in stock prices. A huge merger involving Public Service, United Gas Improvement and United Corporation was said to be in the making; call money was easy at the renewal rate of 4 per cent; brokerage loans increased only $26,000,000 for the week; the federal reserve issued a favorable weekly report and oil prices were tending toward higher levels. Steel Weakens The improving conditions here accounted for a strong opening and further gains in the early trading. Later selling followed announcement of the Tokio break. Around noon United States Steel, which had crossed 197, came down to 195%, where it was off Vs point. Losses ranging to nearly 4 points from the previous close were noted in Montgomery Ward, Sears, Roebuck, Auburn Auto, Bethlehem Steel, and fractional losses were recorded in Gillette, Radio-Keith-Or-plieum, Packard, General Electric, Westinghouse Electric and a number of others. Utilities which had been up in early trading lost considerable of their gains. American Telephone got down to 269 %, off %, and small net losses were noted in United Gas Improvement, Commonwealth & Southern and a few others. Gas Is Firm Held firm around 126 where it was up 4% points and good demand continued for Public Service around its high of the year of 123 Vi. In the early afternoon officials of Public Service of New Jersey stated there was no truth in reports of a merger of their company and United Gas Improvement. The stock declined 2 points on the denial. Copper shares were depressed, especially Kennecott which made a new low for the year at 5214, off 1, and Anaconda selling ex-dividend off 1% at 70%. Oils were strong for a time, but they came down with the remainder of the list.

Cash Hay

Indianapolis hay prices, f. o. b. country Eolnts with freight rate to Cincinnati or oulsville. 23% 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 mixed. $11.50; No. 1 clover. slo.ao.

New York Bank Stocks

National Banks - APrilll - Bid. Ask. America 149 150 Public 142 143% Chase National 16 < 168 Chat Phenix National 564 570 National City Bank 243 244 Guaranty 853 856 First National 6,425 6,475 Manhattan A Company .. 151 152 Bankers 174% 175 Trust Companies Central Hanover 407 409 Corn Exchange 256 257 Bank of United States.... 78'/ 79 Irving 68% 68% Manufactures 147 148 New York Trust 320 323 Brooklyn 920 925 Interstate * 52% 53% Marriage Licenses Ralph T. Griggs, 23, of 441 North Tacoma, signalman, and Alberta J. Hartman, 21, ol 564 North Beville, proofreader. Isaac W. Douglass. 27, of 1326 Eugene, manager, and Pauline F Craig. 23, of 1325 West Thirtieth. Ivan H. Cook. 24, of 1226 Hoyt superintendent, and Dora M. Miller. 22. of 544 Middle Drive Woodruff Place, typist. Ralph M. Arnoid. 47. of Dayton, 0., engineer, and Ethel F. Judy. 48, of 2811 Brookside. Ernest L. Tetters, 28. of Martinsville, manager, and Lucy I. Carter 26, of 623 Virginia, teacher. Perry A. Johnson. 54, of Westfield, farmer and Dellilah F. Thomas, 46, of 701 Day, saleslady Wilbur Cornell. 22. of 1940 Lexington, mechanic, and Martha L. Riggs. 19, of 851 Buchanan, clerk.

THE INDIANAPOLIS TIMES

New York Stocks

•(Bv Thomson A McKinnon)”

—April 11— Prev. Railroads — High. Low. 12:00. close. Atchison 237% 236% Atl Coast Line 174 Balt & Ohio 120 120 Canadian Pac.. . •••. 209% 211% Chesa A 0hi0..231% 230 % 231 232% Chesa Corp 78 77% 77% 79 Chi A N West 85% 86 Cht Grt .West 16 15% CRI A P 120', 4 120% Del A Hudson 179 Del A Lacka 146 Erie 58% 58V. 58% 58% Erie Ist pfd ... 64% 61% Great Nor 98(4 88% Gulf Mob A Oil 41V* ... 11l Central 130 130 Lehigh Valley 81 Kan City South ... 81V* Lou A Nash ... i37% 137% Mo Pac 94 MK A T 65% 64% 64% 64 Mo Pac pfd ... 138% 139% N Y Central ..187% 186% 186% 186 NY NH A H 123% 123(a Nor Pacific 92% ... Norfolk A West .. ... ... 256 Pennsylvania .. .. ... 83Vs 83 Reading ... 124'/* Seab’d Air L 22 Southern Ry 127% 127% Southern Pac ..123% 123% 123% 122% St Paul 23% 23% 23% 23% St Paul pfd.... 40% 40% 40% 40% St L A S W 67 St L & S F 116 114% Texas A Pac 132 Union Pacific .. . 236 235 West Maryland. 33% 32% 33% 32% Wabash 62 West Pac „ ... 27 27 Rubbers— Ajax 2% Fisk 5% 5 5 5 Goodrich ... 53% 53V* Goodyear 93% 93 93 92% Kelly-Spg 6 5% 5% 5% Lee ... ... 9% United States.. 35 34% 3474 34% Equipments— Am Car A Fdy .. ... 697% 69'/4 Am Locomotive 80 Am steel Fd.... 48% 48 48 48% Am Air Brake S 50% 50% 50% 50% Man Elec Sup.. 47'% 46% 47% 46% General Elec .. 9374 93 93% 92'% Gen Rv Signal. .100%. 100 100% 100% Gen Am Tank .1097% 109% 109% 109% Pressed Stl Car 13% Pullman 83 83% Westingh Air B 47 47 Westingh Elec .194% 19, 193% 192% Steels— Am Roll Mills.. 92% 92% 92% 92% Bethlehem 107% 106% 106% 1067% Colorado Fuel. 73% 73 73 73 Crucible 90% 89% 9074 89% Inlatid Steel 92% 92'% Otis 36% Rep Iron A Stl.. 78 77% 78 79 Lualum 40% 4074 Newton ... 53% 547% U S Steel 1977% 196 196 196 Alloy 337% Warren Fdy 3374 Youngstwn Stl.. .. ... ... 145 Vanadium Corp 117% 116% 117% 11574 Motors— Am Bosch Mag 507% 50% 5074 50% Briggs 22 21% 21% 21% Brock way Mot ... 1874 Chrysler Corp.. 43 4274 42% 42% Eaton Axle 34% 33% 33% 34% Graham Paige.. 12 11% 12 1174 Borg Warner... 49% 4874 4874 48 Gabriel Snubbrs .. ... ... 11% General Motors 54% 5374 53(4 53% Elec Stor Bat.. 75% 75% 75% 75% Hudson 56% 5674 5674 55% Hayes Body Corp 16 1 574 1 6 15% Hupp 26% 26V4 267% 26% Auburn 257 258% Mack Trucks ..85% 85 85 85 Marmon 30% 29% 30% 29% Reo 13% 1374 13% 13% Gardner . ... 6 6 Motor Wheel .. 33% 33% 33% 3374 Nash 5374 52% 5374 53'4 Packard 22V* 21% 22 2274 Peerless 10% 10% 1074 10% Studebaker Cor.. 4274 4174 41% 4274 Stew Warner... 4474 44% 44% 4374 Timken Bear..., 89% 88(2 89% 88 Willys-Overlana. 10 97s 9% 9% Yellow Coach.. 28% 28% 28% 2874 White Motor .. 42 41% 42 41% Mining— Am Smelt A Rfg 73% 72'4 7274 74 Am Metals 46% 4674 46% 4774 Am Zinc 14% Anaconda Cop.. 72 70% 71 74 74 Calumet A Ariz 74% 73% 74 7574 Calumet A Hecla 27% 27 27 2474 Cerro de Pasco .. ... 60% 59% Dome Mines ... 8% ... Granby Corp 55 55 Gt Nor 0re.... 21% 21% 2174 2174 Inspiration Cop 27% Howe Sound 3874 37'/2 Int Nickel . 42% 41% 41% 42% Kennecott Cop.. 53% 52 52 53% Magma Cop ... ... 46 Miami Copper.. 29 28% 2874 29% Nev Cons 26% 26% 26% 2774 Texas Gul Sul.. 6474 6474 6474 64% St Joe 5074 U S Smelt .... 32% 327* 3274 3274 Oils— Atlantic Rfg.... 5074 5074 5074 4974 Barnsdall (A).. 3274 32'/* 32'4 3174 Freeport-Texas.. 5574 54'/* 54% 53 Houston Oil 109% 108 109 106 Indp Oil & Gas 30% 3074 3074 3074 SContl Oil 2974 29% 2974 2974 Mid Cont Petrol 32% 32% 3274 32% Lago Oil A Tr 2474 Pan-Am Pet B 5874 Phillips Petrol.. 4074 4074 40% 4074 Prairie Oil .... 527* 527* 52% 52% Unon of Ca 1.... 48% 487s 48% 487a Prairie Pipe .... 56% 5674 56 7* 5674 Pure Oil 2674 257s 26 2570 Royal Dutch..., 55 5474 55 55% Richfield 267* 26% 2674 2674 Shell 2474 2474 24% 2474 Simms Petrol.. 3474 3474 34% 34 Sinclair Oil 31% 3174 31% 31% Skelly Oil 41% 407* 417* 417* Std Oil Ca 1..., 72% 72 74 72 % 72 Std Oil N J 79 7974 7974 79 Std Oil N Y.... 37% 37 37 3774 Tidewater 17% 17% 1774 1674 Texas Corp .... 5974 5 9 5974 59 Texas C A 0.. 12% 1274 12% 12% Transcontl .... 197* 19(4 1 974 1974 Indian Refining 237 * 2374 2374 2374 Industrials— Adv Rumely .... 207* 2074 20% 20 Allis Chalmers.. 6774 6674 67% 66 Allied Chemical 31574 315 31574 31574 A M Byers 30774 10674 107% 105'/* Armour A 674 674 674 674 Amer Can 153 152 152 15174 Alleghany Corp.. 33 3274 33 32% Am Safety Raz.. 6374 6374 6374 6374 Am Ice ~ 393/* Am Woolen .... 1474 14% 1474 14% Assd Dry Goods 49 4874 49 49% Bon Alum ... 63% Coca Cola 18274 182 18274 182 Conti Can .... 687* 6874 687* 68% Certainteed 12% Crosley 20 20 20 20 Congoleum .... 18 1774 1774 18% Curtiss W 1474 14% 14'/* 13% Davidson Chem 39% 39% 397* 39% Dupont 145 144% 145 143% Famous Players 74 7374 74 73% Gen Asphalt.... 70% 6974 70% 69% Fox A 4674 45% 45% 46 Gold Dust 47 46% 46% 45’'* Glidden 3674 36 36% 35% Int Harvester ..110% 107% 109% 106% Kelvinator 22% 22% 22% 23 Lambert 10874 108% 108% 110 Loews- 88% 87% 877* 87 May Stores 56 Roister 5% 5% 574 5% Montgom Ward.. 4274 42 42% 42% Natl C R 6514 Radio Keith .... 44 43% 44 44 Owens Bottle ... 56% Radio Corp .... 62 61 % 61(4 60% Real Silk 61(4 61% 61% 61% Rem Rand .... 457* 4474 44% 43% Sears. Roebuck.. 917* 91 91 92% Union Carbide ..107 105 105 104 Warner Bros 7574 74 % 74% 74% Un Air Craft... 9 1 8974 9 0 89% Univ Pipe 87* 874 874 8% USCs Ir Pipe.. 38 37% 37% 38% U S Indus Alco. .10474 104% 104% 104% Worthington Pu 142 139% 1397* 137 Woolworth Cos .. 6474 647* 647* 65 Utilities — Am Tel A Te1..27274 270 270 270 Am Pr ALt 11874 117% 118% 16% Eng Pub Serv 62% Am For Power.. 9474 9474 94% 92% Am Wat Wks.. .122 120 122 118% Gen Pub Serv.. 52% 5174 52% 51% Col GA E 867* 86% 86% 8574 Consol Gas 134 132% 13374 132 Elec Pow A Lt.. 94 93% 94 93*4 Int T A T 7274 7174 72 70% Nor Am Cos 1327* 131 1317i 12974 Pac Light 1037* 103% 103% 103(4 Pub Serv N J... 12374 1207* 132% 119% So Cal Edsion.. 69% 667* 69 66% Std Gas A El ..128 123'* 12574 1217* United Corp 5074 497* 50 49% Utilities Power, . 45 44% 44% 45 United G & Imp 48% 48% 4874 4874 West Union Tel. .189 18874 189 18774 Shipping— Am Inti Corp.. 54% 53% 54 5274 Atl Gulf A W I. . 63 63 63 Inti Mer M pfd 27% United Fruit 96% Foods—— Am Sug Rfg 66% Becehnut Pkg 63'California Pkg... 71% 71% 71% 72% Canada Drv ... 72 s * 72 s * 72% 72% Corn Products ..107% 107% 107% 107'/* Cont Bak A.... 3674 35% 36 36% Borden 82 81 81 80% Cuban Am Sug.. 7% 7% 774 ... Grand Union ... ... 18% Grand Union pfd 4314 Jewel Tea 53 53 53 52% Kraft Cheese.... 47% 4774 47% 52% Kroger 39 39 39 38% Loose-Wiles .... 68*4 67% 68% 66% Natl Biscuit 89% 89 89% 88% Nat! Dairy 55% 55% 55% 54% Purity Bak 73% 73% 73% 73 Loft 4% 4% 4% 4% C.en Foods 53% 53% 53% 5274 Ward Baking 8.. 13 12% 12% 13 Tobaccos— Am Sumtra 16% 16*4 !6% 16% Am Tob B 23974 238 % 239% 236 Con Cigars 53% General Cigar 58% Lig A Meyers ..111% 111 111 110% Lorillard 25 s * 25% 25% 25% R J Reynolds.. 54% 54% 54% 54% Tob Products B . 4% 4% 4% 5 United Cigar St 7% 7% 7% 7% Schulte Ret Strs 11 10% 11 10% Air Management Retained Bv United Press WILMINGTON Del., April 11.— The battle for control of National Air Transport Inc. ended today when it was announced that the present management was retained by a large majority.

PORKERS SHOW STRONGER TONE AT LOCAL PENS Cattle Trade Dull to Weak; Vealers Steady at sl3 Down. April Bulk Top. Receipts. 3. $10.354410.65 $10.6a 2.000 8. 10.354710 90 10.90 3.000 7. 10.55-810.90 10.90 3.000 8. 10.55 '-r 10.85 10.90 5.000 9. 10.40 310.8i 10.85 5.500 10. 10 2041 10.65 10.65 4.500 11. 10.454t.10.75 10.75 4,000 Hogs showed indications of strength during trade today at the Union Stockyards. The market for the most part was 10 cents higher. The bulk. 160 to 275 pounds, sold at $10.45 to $10.75. Top price was $10.75. Receipts were 4,000; holdovers, 539. Cattle were generally dull in all classes with a lower tendency. Receipts were 500. Veals held steady at sl3 down. Calf receipts were 700. Sheep were steady, with spring lambs at $13.50 to sls. Receipts were 200. Chicago hog receipts were 15,000, including 5,000 direct. Holdovers were 5,000. The market held 10 cents to 15 cents higher than Thursday’s average. A few loads of choice 170 to 200-pound weights sold at $10.50 to $10.60; 230 to 240-pounders, $10.30 to $10.35. Cattle receipts were 1,500; sheep, 14,000. / —Hogs— Receipts, 4,000; market, higher. Heavies. 300 lbs. up *,n7nfin‘4s 250-300 lbs Med. wts., 225-250 lbs }[email protected] 220-225 lbs 10.60.(^10.<5 ulm lets" no°-ifi 0 o 0 ibsf'::::::: 10 Aio.™ Light wts:: 160-200 ibs.:: • Packing sows 8.25® 9.23 —CattleReceipts. 5,000; market, steady. Beef steers. 1.100-1.500 lbs. s „ good and choice * Common and medium [email protected] Beef steers. 1.100 lbs. down. ~n nfil47s good and choice 12 0047 14.73 Common and medium . ...... 9.0047,12.00 He and S ch ß oi2e lbS - doWn .\??? d .... [email protected] Common inVmedium 7.00^11.50 Cows, good and choice Common and medium Hx Lower cutter and cutters 4.i5@ 6.53 Stocker and feeder steers. ....... , good and choice 1 ?‘nnlooo Common and medium [email protected] - —Vealers — Receipts IPO; market steady. Medium and choice * ®-®o® l 2-99 Cull and common 5.50@ 9.C0 —Sheen — Receipts, 200; market, • steady. (Wooied basis) Lambs, good and choice $ 9.00@ 9.75 Common and medium 7.50® Ewes, medium to choice S> 5..5 Cull and common 2.00@ 4.00 Other Livestock Sin United Press CINCINNATI, April -ll.—Hogs—Receipts, 4 000, including 2.200 direct; held over 170- market active; butchers 160 lbs. up, 10c higher; lightweights and sows steady; bulk good ana choice, 160-230 lbs.. $10.75; desirable 250-270 lbs.. $10.4045)10.50; around 300 lbs.. $9.85; bulk 120-160 lbs.. $10.25; pigs. 90-110 lbs.. $9.2547 10; bulk sows, [email protected]. Cattle—Receipts, 155; calves, 200; quiet, steady: a few slaughter steers and heifers. [email protected]; common kinds lower: beef cows, $7.2545 8.50;_ a few $9- low cutters and cutter cows. $3,254/7; bulls. [email protected]; vealers uneven; few choice. sl4; no criterion; bulk good and choice, sl3; under grades semi-demoral-ized, common and medium, $745)10.50. Sheep—Not enough to make a market; quoted steady; outlet* extremely narrow; choice shorn lambs quoted $9; strictly choice, 40-50-pound spring lambs, sls; choice light ewes, $5. B.u Times Bvecinl LOUISVILLE. April IL—Hogs—Receipts, 700; market 10c higher; 300 lbs. up, $8.85/ 225-300 lbs., $9.90; 165-225 lbs., $10.50; 130-165 lbs., $5.70; 130 lbs. down. $7.70; roughs. $7.15; stags, $6.55. Cattle—Receipts, 100; market steady; prime heavy sters, $1145)12; heavy shipping steers, $lO 45)11; medium and plain steers, $8.504110; fat heifers, [email protected]; good to choice cows, [email protected]; medium to good cows, $5.50416.50; cutters. [email protected]: canners, $3.50454.50; bulls. s6@B; feeders. $845 10.75; stockers, $7.5045)11. Calves—Receipts. 200; market steady; tops, $10.50; good to choice. $8.5045)10.50: medium to good, s7@ 8.50; outs. $6.50 down. Sheep—Receipts, 50; market steady; ewes and wethers, $9.50 4710; buck lambs, $8.50459; seconds, $8417; sheep $4,504; 5.50. Thursday’s shipments: Cattle, 89; calves, 105; hogs. 137; sheep, 130. Bp United Press CLEVELAND t O.. April 11.—Hogs—Receipts, 1,300; holdovers, 85; mostly steady; spots, 5c higher; sows and stags, 25c lower; medium to choice, 160-210 lbs., $10.604110.85: deck, $10.90; 220-240 lbs., $10.60; 250-300 lbs.. $10.40; over 300 lbs., $10; pigs, $10.2545 10.50; rough sows. $8.50; stags, $6.50. Cattle—Receipts, 200: draggy, 25c; more lower on steers and fat cows, around t10.25fii11.25; common to medium steers predominating; cutter to good cows, $6458.50; calves, receipts—, 300. steady at week’s downturn; medium kinds mostly $1045)12; better grades upward to sl4 and above; culls downward to $7. Sheep— Receipts, 500; steady; merely good clippers, $8,504(8.75, choice absent; cull to medium, $5.5047.7.25. Bp United Press TOLEDO. 0., April 11.—Hogs—Receipts. 600; market, s@loc higher; heavies, $9.50 4710; mediums, $10.?54(10.50; yorkers, $lO 45)10.25; pigs, $1047 1 0.15. Cattle—Receipts, light; market, steady; calves, receipts, light,; market, steady. Sheep—Receipts, light; market, steady.

Local Wagon Wheat

City grain electors are paying $1.06 for No. 2 red wheat and SI.OO for No. 2 hard wheat.

James T. Hamill & Company BROKERS * Tndfanapolla MEMBERS Chicago Stork Exehaaa* Chicago Board of Trade Indianapolis Board of Trad* Associated New York Cnrb ' 203 Continental Bank Bldg. Tel. Blley *49.3—Klley *4M

We offer American Loan Company VOX-TAXABLE NON-SPECULATIVE 7% Preferred, and Common Stock An attractive 7% investment plus the common stock participation in the net 1 earnings of the company. UMPHREY & HARTZ 347 Bankers Trust Bid;. LI ncoln 8439

Business and Finance

Bu United Press NEW YORK, April 11.—Unfilled orders of the United States Steel Corporation increased 90,905 tons during March to a total of 4,570,653 tons, it was announced here Thursday. Unfilled orders as to Feb. 28, 1930, were 4,479.748 tons compared with 4,468,710 tons on Jan. 31, and 4,410,718 tons on March 31, 1929. Edward R. Berry, vice-president of the Inland Utilities, Inc., in a letter to stockholders. reveals that since the date of consolidation, June 20. 1929. the developed gas acreage of the corporation has increased from 13.541 to 15,298 acres. The number of producing gas wells has increased from 136 to iSO and the estimated natural gas reserves have gained from 53,000.000,000 to 58,000.000.000 cubic feet. Property values have risen from $6,154, 000 to $6,767,738. New York Merchandise Company, Inc., has declared the regular quarterly dividend of $1.75 on the preferred stock payable May 1. to stock of record April 21, also 50 cents a share on the common, payable May 1, to stock of record April 21. Schiff Company reports sales for March, 1930. totaling $652,867 against $777,808 in 1929. a decrease of $124,941 or 16 per cent. Sales for the first three months of the year totaled $1,748,009 compared with $1,535,228 a year ago. an ncrease of $212,781, or 13.8 per cent. Total sales of twenty-six of the nation’s leading chain store systems aggregated $124,248,568 for the month of March, a decrease of $10,661,703 compared with the total of $134,910,2*1 reported for March 1929, according to figures compiled by George H. Burr & Cos., specialists in chain store securities and financing. The total sales for March, compared with the corresponding month of the previous year, make a less favorable showing than has been recorded in recent months, due to the fact that the Easter business of the chain store system, which is always large, was experienced in March last year, whereas Easter falls in April this year. March automobile production is estimated at 400,000 according to reports submitted to the directors’ meeting of the National Automobile Chamber of Com-me-ce The chamber states that in view of the earlv date of the meeting, data is incomplete and subject to revision. The total is 18 per cent higher than February production, and 36 per cent lower than the total of March last year. Robert W. Woodruff, president of the White Motor Car Company, was elected to the board of directors. Wil-Low Cafeterias, Inc., reports net earnings for the six months ending March 31, the first half of its fiscal year, of $200,150, after allowance for amortization, depreciation and taxes. After preferred dividend requirements, the balance available for the common stock was equivalent to an annual rate of $2.32 per share. Announcement Is made that Leon D. Pierson and Fred J. Young have resigned as vice-president of Yeager. Young A Pierson, Inc., and that the corporate name has been changed to H. C. Yeager A Cos., Inc. The trend of corporate financing away from stocks and toward bonds, which

Which Would You Like To Have? 9 American Gas dt Electric Company American Light & Traction Company American Power & Light Company American Superpower Corporation r American Telephone & Telegraph Company American Water Works 8b Electric Company, Inc. The Brooklyn Union Gas Company Columbia Gas dt Electric Corporation Commonwealth Edison Company Commonwealth 8b Southern Corporation O&Tsblidated Gas, Electric Light 8b Power Cos., of Baltimore Consolidated Gas Company of New York The Detroit Edison Company Duke Power Company The Edison Electric Illuminating Company of Boston Electric Bond Sa Share Company Electric Power 8b Light Corporation Engineer# Public Service Company Federal Light 8e Traction Company The Hartford Electric Light Company International Hydro-Electric System Lone Star Gas Corporation Long Island Lighting Company Middle West Utilities Company Montreal Light, Heat 86 Power Consolidated Mountain States Telephone 8s Telegraph Company National Power 8b Light Company Niagara Hudson Power Corporation The North American Company Pacific Gas 8b Electric Company Pacific Lighting Corporation Pennsylvania Water 8b Power Company The Peoples Gas Light 8s Coke Company Public Service Corporation of New Jersey Public Service Company of Northern Illinois Shawinigan Water 8s Power Company Southern California Edison Company Standard Gas 8s Electric Company The United Corporation The United Gas Improvement Company United Illuminating Company (New Haveti United Light and Power Company Utilities Power & Light Corporation Western Massachusetts Companies* You can invest in all these companies through the medium of one security UNITED STATES ELECTRIC LIGHT & POWER SHARES, Inc. TRUST CERTIFICATES, SERIES B Gurrent Market $13.25 Per Shan (Subject to Change) Fletcher American Company AFFILIATED WITH THE FLETCHER AMERICAN NATIONAL BANK

was apparent in the first two months of the year, was even more striking in March and for the first quarter of the year, according to the Standard Statistics Company of New York. March financing by the sale of stock totaled $248,70(1.000, or less than 40 per cent of the $645,600,000 sold in March. 1929. Bond offerings on the other hand showed an appreciable Increase, the current figures being $595,100,000 against $481,000,000 for the corresponding month last year. Total financing in March at 5813.800.000 was only 75 per cent of the 1929 month. AU first quarter production records were broken bv Frigldaire Corporation during the first three months of 1930. according to E. G. Biechler. president and general manager. More men are being employed than ever before at this lira* of the year, he stated.

In the Stock Market

(By Thomson & McKinnon) NEW YORK. April 11.—With the knowledge of the large new bond flotations in process of distribution, from the small increase reported in the brokers' loan statement, we may conclude that the stock market has not increased its credit demands. Instead of distribution by so-called strong hands, we have fairly good evidence here of outright buying by both large and small investors. Total borrowings against all listed securities amoimt to slightly more than 6 per cent. Consequently, we are warranted in thinking there has been no overspeculation, at least to a point calling for any change in the federal reserve policy. The steady influx of gold, along with the ratio of reserves above 80 per cent, as imparted in the statement, insure a credit base that will easily permit greater expansion and at the same time allow for enlarged demand to follow any increased business activity. We have a reasonably good budget of trade news, although there is nothing particularly startling. There is. however, one discordant factor and that is the copper situation. Within a day or two we may have an unfavorable statement of statistics, revealing an increase in refined stocks, probably as much as 30,000 tons, which will be added to an already large amount of unsold copper. It is intimated that one of the leading copper companies may at its next meeting reduce the dividend unless there is decided improvement, which appears rather improbable. We are inclined to suggest that it may be a good policy to switch from coppers to oils. Eliminating the copper stocks and perhaps a few miscellaneous ones, we feel that the general market has not yet run its course in the upward trend.

PAGE 29

BRITISH RECTOR OPENS SALOON TO HELP POOR Children’s ‘Pub’ Where They May Drink Milk Also Operated. RY WALLACE CARROLL United Fres* Staff Correspondent LONDON, April IC—The Rev. Basil Jellicce, cousin of the famous British admiral, has founded a “model public house" in the heart of London's slums, because he believes beer and wine can play a part in bettering the lot of the poor. Around that “pub,” known as “The Anchor,” Father Jtllicoe is developing a slum clearance scheme that, is amazing in its scope, for it entails nothing less than transforming one of London's poorest districts into a “garden city.” Saloon Keepers’ College Among the projects upon which he is working are: A college of publicans—or saloon keepers—which will train you/g men to take up the office of publican as a profession. A children’s “pub” where the kiddies can have a glass of milk while father and mother are having their “drop of ale.” The garden city, a block of model flats for the poor, with inclosed courtyards, gardens and playgrounds. “People always imagine there % mysterious craving for alcohol among the poor.” Father Jell: je said. “The truth is that there is a. mysterious craving for companionship in every human heart. Crave Companionship “The liquor problem among the poor closely is related to the problem of overcrowding. “With an entire family living in a single room, it is impossible for them to meet friends and to satisfy their need for companionship. “The only place they can meet is the public house. That is why it is important that the ‘pub’ should be a place to which the entire family ca ncome—women and children as well as men.”