Indianapolis Times, Volume 41, Number 291, Indianapolis, Marion County, 16 April 1930 — Page 13

areit 16, 1956.

STOCKS SLUMP AFTER STRONG OPENINDTREND Foreign Copper Sales Jump on Lower Cost; v Kodak Up.

Average Stock Prices

Average of thirty industrials for Tuesday was 293.28, up .08. Average of twenty rail* was 162.65, o!T .78. Average of twenty utilities was 108.61. up 08 Average cf forty bonds was 95.03. off .08. J?>/ United Tree* NEW YORK, April 16.—Aside from a few strong spots where prices advanced against the trend, the stock market sold off today after early strength. United States Steel rallied sharply to above 196, where it was up 114 points. Auburn Auto was the strong spot in the motors, rising more than 5 points; American and Foreign Power and Public Sendee were favorites in the utilities, and American Smelting was the leader in the coppers. Trading quieted down on the renewed selling and tickers around noon were only a minute behind the actual market. A feature was the reaction of the copper stocks to the news of a cut of 4 cents to 14 cents in the price per pound of the metal announced Tuesday. The copper group was fractionally higher, the gains being explained in part by the fact that these issues had discounted in advance the price reduction and by the spurt in foreign buying of the copper metal. Copper Sales Jump Sales of copper metal abroad this morning were slightly over 7,500.000 pounds, the largest since September, 1929. Foreign sales on Tuesday amounted to 3,000,000 pounds. Domestic buying also was fair, although considerably under the foreign demand, due in part to the fact that the consumers have not yet had time to react to the price reduction. Helping United States Steel were more optimistic weekly reviews of the steel industry. According to the Iron Trade Review, the steel industry is looking forward to heavy orders from the automotive industry. Public building projects also are beginning to take steel. Reports were current, but were not confirmed, that Westinglrouse Electric and General Electric were to Increase their interest in Radio Corporation. Radio held steady around the previous close of 59, while Westinghouse was again heading upward near noon, selling around the 200-mark. Compared with the previous close of 199, General Electric eased off. Kodak Soars Eastman Kodak soared 7 points to h new high at 245. Almost exactly fifty years ago George Eastman took out his first patent in the Kodak

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Banks and Exchange

INDIANAPOLIS STATEMENT bank clearings Wednesday April 18. *4.021,000; debits. *8,784,090. CHICAGO STATEMENT p ' cmFcAG<£ r? Aoril 18 Bank clearings, *103.900.000; balances. *8,100,000. NEW T'OBK STATEMENT Bu United Prces „ _ NEW YORK. A'>rll 16.—Bark clearings. $1,485,000,000; clearing house balance, *193,000,000; federal reserve bank credit balance, $175,000,000. TREASURY STATEMENT Itu Uniter! Pre WASHINGTON, April 16.—'The treasury net balance on April 14, was $262,994.152.10, customs receipts for the month to that date were. *19,022.264 91; expenditures on April 14. were *10,289.950.16. line, and this anniversary is now being celebrated by the company. The Kodak report for 1929 issued a short time ago showed a record for all time for the company in earnings. Case rose to 311, up 5 Vi points and anew high for the year on improved demand for Harvester equipment. Johns-Manville was stronger in the building equipment group, Vanadium continued to mount to higher levels in the steels, and Kreuger & Toll spurted more than a point following word that France had repurchased a $75,000,000 Kreuger <te Toll loan. Ralls were barely steady with Southern Railway again under pressure. Oils were firm with the exception of Indian Refining and Texas Corporation. Call money renewed at 4 per cent and held there in the first two hours.

Local Wagon Wheat

Cttv grain elevators are paying 98c for No. 2 red wheat and 93c for No. 2 hard wheat. NEW YORK COFFEE RANGE High. Low. Close. March 7.80 7.77 7.77 May 8.60 8.55 8.55 July 8.32 8.25 8.25 September 3.10 8.06 8.06 December 7.95 7.90 7.90 Births Girls Walter and Mary Goover, 3205 West Michigan. John and Ada Voorhies, 1325 West Thirtieth. William and Mary Bertram. 154 Arizona. Ernest and Ethel Doan. 1910 Bloyd. Elmer and Elsie Miles, Coleman hospital. Mike and Sophia Pardo. Coleman hospital Percy ard Elsie Seward, Coleman hospital. Truman and Helen Warren. Coleman hospital. Orville and Hiidred Keely, 3162 North Tremont. Boys Paul and Nelle Jackson, Coleman hospital. Clyde and Pauline Hull, Methodist hospital. Deaths v Mary Josephine Seabold, 71, 28 North Euclid, cerebral hemorrhage. Eliza J. White, 78. 919 South State, acute myocarditis. Rosa Clara Lvnam 55, Methodist hospital. lobar pneumonia. Joque Reed Shimcr, 6, Riley hospital. meningitis. Billy Emil Groenert. 2 days, 1330 West Thirty-second, atelectasis, Francis H. Fortune, 83, 1437 North Delaware. chronic myocarditis. Mary Ann Johnson, 79, 1841 Talbott, lobar pneumonia. Alwilms White. 1, Methodist hospital, acute dilatation of heart. Walace Skidmore. 5 days 716 Virginia, icterus neonatorum. Restore House Duties on Hides B" t lilted Preen WASHINGTON. April 16.—The house duties on hides, leather, boots and shoes were restored to the tariff bill today by the house and senate conferees.

HOGS RECOVER LOSSES IN 35 CENTADVANCE Slaughter Classes Steady in Cattle Market; Sheep Unchanged. April Bulk. Too. Receipts. 9. *10.4C®10.85 $10.85 5,500 10 10.20010.66 10.65 4.500 11. 10.45® 10.75 10.75 4,000 12. 10.454510.75 10.85 2.000 14 10.35® 10.65 10.70 5.000 15 10.00® 10.25 10.40 5.500 16! Hog prices firmed up tills morning at the Union stockyards, prices being 15 to 35 cents higher than Tuesday, mostly 25 cents up. The bulk, 150 to 275 pounds, sold for $10.25 to $10.60. Top price was $10.60. Receipts today were 4,500, holdovers 380. Cattle receipts were 1,100, with slaughter classes about steady. Top steers brought $13.50. Vealers were steady, good and choice kinds selling at sll to $11.50. Calf receipts were 800. Little change was apparent in the sheep market. Spring lambs were mostly sl3 down, wooled westerns going at $9.50. Receipts were 200. Chicago hog receipts were 16,000, including 5,000 direct. Holdovers were 4,000. Today’s market held slow, with a few early bids and sales steady to 10 cents higher; top, $10.45, paid for 190-pound weights. Occasional load of 170 to 210 pound averages sold for $10.30 to $10,35; 280-pound weights, $lO. Cattle receipts were 7,000, sheep 18,000. —Hogs— Receipts, 4,500; market, higher. Hea-ies, 300 lbs. up $ 9.75(310.00 250-300 lbs. 10.00® 10.25 Med. Wt.. 225-250 lbs 10.25(310.50 220-225 lbs 10.50® 10.60 Light wts., 160-200 lbs 10.50®10.60 Light lights, 130-160 lbs 9.75310.25 Light wts., 16C-200 lbs. 9.00® 9.75 Packing sows 8.25® 9.25 -CattleReceipts, 1,100; market, steady. Beef steers, 1,100-1.500 lbs. good and choice ,$11.50®14.25 Common and medium f1.00®11.50 Beef steers. 1,100 lbs. down, good and choice [email protected] Common and medium [email protected] Heifers, 850 lbs. down, good and choice 11.00®13.00 Common and medium 6.50® 11.00 Cows, good and choice 8.25(5) 9.75 Common and medium 6.50(5 8.25 Lower cutter and cutters 4.50® 6.50 Stocker and feeder steers, good and choice 10.00(511.50 Common and Medium [email protected] —Vealers — Receipts, 800; market, lower. Medium ana choice [email protected] Cull and common 5.00® 8.00 —She to — Receipts, 200; market steady. (Wooled basis) Lambs, good and choice $ 9.00® 9.50 Common and medium 7.50(5 9.50 Spring lambs 9.50(513.50 Ewes, medium to choice 4.00(5 5,75 Cull and common 2.00@ 4.00

Other Livestock Tiv United Press CHICAGO. April 16.—Hogs—Receipts. 16.000; including 5.000 direct: mostly 10c higher: weighty butchers. 10©15c higher; top. $10.45; 160-230-lb. weights, largely. [email protected]; 240-300-lb. averages, $9.90© 10.25: butchers, medium to choice. 250-350 lbs.. $9.75r0 10.25; 200-250 lbs.. [email protected]; 11.50-200 lbs.. *9.85® 10.45; 130-160 lbs.. 59.60 @10.40; packing sows. $8.85®;9.50; pigs, medium to choice. 90-130 lbs.. s9©lo. Cattle—Receipts, 7,000; calves, receipts 3.000; weighty steers scarce, steady; all others, very slow, weak: top heavies. $14.50; she stock at a standstill; slaughter classes, sters. good and choice, 1300-1500 lbs.. $12.50 @14.75; 1100-1300 lbs., $12.25® 14.75; 9501100 lbs.. $11.75©74.75; common and medium. 850 lbs. up, [email protected]; fed yearlings. good and choice, 750-950 lbs.. $11.50 @14.50: heifers, good and choice, 850 lbs. down. $10.50@13; common and medium, $7,75070.50; cows, good and choice. $7.50® 9.50; common and medium, $6.25ffi7.50: low cutter and cutter. [email protected]; bulls, good and choice, beef. sß® 9.25; cutter to medium. $7-17 8.10: vealers. milk fed. good and choice. s9® 11.50; medium. sß@9; cull and common. s6@B: stockcrs and feeders, steers, good and choice, all weights, $7.75 ©11.25; common and medium. sß@lo. Sheep—Receipts, 18,000: nothing done, talking steady to 25c lower; indications bulk fat lambs. [email protected]: best held around. $9.75: indications shorn lambs. [email protected]; fat ewes, weak at $6.25 down: light native springers. *17®21; lambs, good and choice. 92 lbs. down. s9® 10; medium, $8.50 @9.25; cull and common, [email protected]: medium to choice, 92-100 lbs. down. $8®9.75; ewes, medium to choice. 150 lbs. down. $5.25® 6 50: cull and common, [email protected]; feeder lambs, good and choice, [email protected]. Bu United Press CINCINNATI, April 16.—Hogs—Receipts. 1 950; heldover. 470: butchers over 160 lbs.. 10@25c higher; heavy hogs show maximum advance, others steaoy; bulk good and choice, 160-230 lbs., $10.50; 250270 lbs., $10.25; around 300 lbs., $10; bulk, 120-150 lbs.. *lo® 10.15: pigs. 90-110 lbs., [email protected]; bulk sows. [email protected]. Cattle—Receipts, 175; calves, 275; slaughter steers and heifers insufficient to test prices; odd sales lower; cows, bulls and other cattle slow; bearish undertone; few butcher steers. $11.50 down; beef cows mostly *7©> 8; low cutters and cutter cows, $5.25© 6.75: bulls up to $8.50; strictly choice, closely sorted vealers, $10.50. or 60c higher others, $11: under grades slightly more active at *6@P. Sheep—Receipts. 200; mostly steady: demand narrow; strictly choice, closely sorted. 40-50-lb. springers, sls; comparable around 60-lb. averages. $13.50; common and medium grades $10; good to choice? shorn iambs, up to $9; under grades, s6@B; common sheep, $3 down. Bu United Press EAST ST. LOUIS. 111.. April 16.—Hogs— Receipts, 19,500; market fairly active, 10© 15c higher; top. $10.25; bulk 160 240 lbs., $10.15© 10.25; 260-30 C lbs. [email protected]; sows. $8.85©9. Cattle—Receipts, 2.500; calves, 1,500; market, indication steers steady to weak: mixed yearlings and heifers draggy; bidding lower on cows, low cutters and bulls steady to 25c lower at [email protected]. Sheep—Receipts. 3.00 - market, no early sales or bids; Indications, steady to lower. Hu United Press EAST BUFFALO. N. Y.. April 16. Hogs—Receipts. 1.600; holdovers, 300; fairly active mostly steady with Tuesday s close 15@25c below opening: bulk 140-260 lbs.. *10.75©10.85; 140 lbs. down. $10.50® 10.73; packing sows, *8.75®_9.25. CattleReceipts. 150. steer trade at standstill, cows active and steady; cutter grades, [email protected]. Calves— Receipts. 309: vealers draegy 50c to mostly $1 lower; good to choice. $12.50® 13; some held higher: common and medium. sß© 10.50. Sheep—Receipts. 600; lambs active steady; good shippers. choice quoted. $9.50: spring lambs. $13.50® 14; aged -wethers shorh. $6.50. Bu United Press FT. WAYNE. Ind., April 16.—Cattle — Receipts. 100; calves 75: hogs. 500- sheep, 25; hog market, 10© 15c up: 90-110 lbs., ‘9.25: 110-130 lbs.. $9.50: 130-1507b5.. *9 .5; 150-160 lbs.. yO; 160-180 lbs.. $10.30; 180200 lbs.. $10.40 r 200-225 lbs.. 10.30; 225-250 lbs.. $lO 20 : 250-275 lbs.. $10.05: 20-300 lbs.. $9.85; 30-350 lbs.. $9.70: roughs, $8.25; stags. $6; calves. $11: lambs. 9. Bu United Press TOLEDO. April 16.—Hogs—Receipts, 350: market, steady to 10c lower; heavies. s9.io @10: mediums. *10.15©10.25: \orkers. $lO @10.35; pigs. *10010.25. Cattle—Receipts, light: market, slow. Calves—Receipts, iight; market, steady. Sheep—Receipts, light; market, slow. Bu United Press PITTSBURGH. April 16 —Hogs—Receipts 1.500; market, steady to 5c higher; 150-230 lbs.. $10.75@10 85; 240-300 lbs., mostly $9.75® 10.50: few 100-130 lbs., *10.25® 10.50; sows. sß.oo® 8.75. Cattle—Receipts, 2o: market, unchanged. Calves —Receipts. 150: market. steadT: good and choice vealers, *[email protected]. Sheep—Receipts. 500; market, mostly 10c lower: spring lambs. $1 lower, sls down; clipped lambs, [email protected]. Bu Times Special LOUISVILLE. April 16.—Hogs—Receipts. 700: market. 10c higher: 300 lbs. up. $8.60; 235-300 lbs., *9.65; 165-225 lbs., $10.35; 130-165 lbs.. $9.45; 130 lbs. down. $7.45; roughs, $6 90; stags, *6.30. Cattle—Receipts. 200; market, steady; primes heavy steers. *ll @l2; heavy shipping steers. *lO ©11: medium and plain steers. $8.50© 10: fat heifers. *8011.50: good to choice cows. $6 50© 8.50: medium to good cows. $5.50© 6 50: ' cutters. [email protected]: canners. $3 50© 4.50; bulls. s6©B: feeders. sß© 10.75; Stockers. $7.50© 11; calf receipts, $300: market, steady; tops, *9.50: good to choice. *7.50© 9.50' medium to good. [email protected]: outs. $5.50 down. Sheep—Receipts. 100: market, steady; fed ewes and wethers, *[email protected]; buck ’lambs, [email protected]; seconds. s6©6-50; sheep. S4 50© 5.50. Tuesday’s shipments— Cattle, 28; calves, 75; hogs, 175; sheep, 125,

THE INDIANAPOLIS TIMES

New York Stocks ——(By Thomson & McKinnon)—”

—April 16— Prev. Railroads— High. Low. 12:00. close. Atchison ••• ••• 232 Bait dt Dh10... .118% 118% 11*‘a 118 s . Chesa & Ohio.. .230 2281* 230 2281* Chesa Corp .... 77% 77 i7'/a 76 Chi Grt West 16 15 s Del & Hudson 1 Erie * Erie Ist pfd 64‘a Gulf Mob & Oil ... % Illinois Central 128 Vi 128% Kan Ctty So 81 Lou & Nash... .. ... 136 M K & T 62 1 2 60 5 s 60*t 61% Mo Pacific *£?• Mo Pacific, pfd , 137 N Y Central ..184% 184% 184% Nickel Plate 135 NY NH <k H 122 Nor Pacific 90% Norfolk & West .. ... ... 205 Pennsylvania .. 82 81% 81* 81% Reading ... ••• Seaboard Air L.. 11% H Jl 11 * So Pacific 124% 122’s 124>2 124 Southern Ry ..118 112 118 119_ 2 cf Paul 22 5/ a 22 1 2 22 s a 22*8 It Paul pfd'.:::.. 39* 39% 39% 39*4 St L & S F ”8 Texas & Pac ■■■ I*B Union Pacific 232’* 232 Wabash 59 % -2.,, W Maryland Equipments— Am Car & Fdy 65% 64 Am Locomotive 80 Am Steel Fd 46** 46*,* Am Air Brake S .. ... 49Vs 50 Gen Am Tank ..10914 108 109 108% General Elec 93 9i (4 91% 93 V* Gen Rv Signal. .100*4 99% 100’* 99 Lima Loco ... ..... Vj 4 ° Man El Sup 51% 51% 51;* 52 N Y Air Brake.. .. ... 44;* ... Press Stl Car.... 13V4 13% 13,* ... Piillmsfi , ••• Oo s Westingh Air B. . 46** 46*4 46*4 46% Westing!) Elec ..198% 197% 197% 1" Rubbers — Firestone . ••• 27% Fisk 5 4% 8 4% Goodrich 51 50V* 50V* ... Goodyear s ’e„ a Kellv Sprgfld 5 * * 2 Lee Rubber U S Rubber 33% 34 Motors — BSSSSf-:r:.v.vVߧ % % ofJhSm *:: u '.> 1;• >;? General Motors 52 51% 51 Ts 52 s Hudson 54 53' 8 54 53% Wiino .. 22'ii 22 228 -4.2 Marmon .. ..... “g Packard I! 20% 20% 20% 20% Reo 13 V 2 13 ! 8 13 l /s ••• Studebaker 41 Vi 41 41U 41K Yellow Truck 27 ,g Motor Access— Am Bosch . •••_, % Bendix Aviation 53 52% 52% 52% Borg Warner .. 46% 46-* 46 8 46 * Briggs 21*8 21% 21% 21% Budd Wheel I’ 3/ * Eaton Hayls° r |ody B ::; 13% 13 Vi *% 14% Motor 3, wrieer:: :: ::: 32% 32% Stewart Warner 43% 42 * Timken Roll 87% 87 s ,a Mining— Am Metals .... 45% 45 45% 44% Am Smelt <3'a <3 73 M to/2 Anaconda Cop.. 72% 71% 72,8 Cal & Hecla. ... 26 25% 25% 25% Cerro de Pasco 58% 58% 58V* 58 * Freeport Texas.. 51% 51"s 51,a 51 * Granby Corp .. 52 51 7 52 52 Howe Sound.... 36% 36% 36 * 53 / Int Nickel 41% 41% 41% 41 Inspiration 20% 25% 25 * 26^ Kennecott Cop 53;* 52 52/s 5-2 Magma Cop . 46% 48% 46 * 27 * e m co£ pp ?\:; SS 25% Ik % Atl Refining.'.’.'.'. 49% 49% 49% 48% Barnsdall 31% 31 2 31 2 31;n Beacon .is/? ,=(,? M:::::::: 20% % g# Indian Refining 32 % ii 1 LagO Oil ....... •' , , *nni , V Mex Std 33% 32.s 32.8 33 * Mid Conti•• Phillips 39% 38 a 39 s J Pr Oil & Gas Pure Oil ........ ■ ■ or ofiV. Richfield 26% 26 26 26, a Royal Dutch... 54% 54,6- 54 if ... Shell Un ....... , *j, yn*l 30% Sinclair 30% 30% 30% 30. 8 Skellv 40 39*t 4040 Standard of Cal 71 * 71% 71 .* / a Standard o NJI9 -i .9 a ‘ 9 f Standard of N Y 36 * 38.2 Texas Cos ■ , s * 01 2 Union Oil 12 12 '* 12 * Steels — Am Roll Mills.. 94% 94% 94% 93% Bethlehem 103’,s 105V* 105% 105 * Cent Alloy *3^2 Colo Fuel Cruc Steel SS,? Inland - Repub I & 5... ■■ •• • . ,0034 tt =5 Steel 96 94-2 96 199-a Vanadium 116% 114% 116 113 8 Tobaccos — SStoTb™”’.'. :: a*?* Lig & Myers’ B. 110% 109% 110% 109 V& Lorillard 26% 26V* 26 a 26 Reynolds Tob... 54% 54’2 54% 54-a Tob Pr A 11*8 11% 11% Tob Pr B 4% 4** United Cig < 7 iA AbYtitai* 1 *" 44 401/2 Adams Exp .::: 34*& 34% 34% 34 Am For Pwr ...101% 99*8 100% 98% Am Pwr i£ Lt ..117% 116Vj 116% 116 AT&T 271% 269% 269% 269% Col Gas & E 1... 86% 85% 86 Bc% Com & Sou 19% 19% 19% 19/a El Pwr &LI .... 98% 97',a 97% 96 Inti TANARUS& T 74% 74 74% 74 Natl Pwr &Li .. 54% 53% 54% 53 * No Amer Cos ...129% 129 129 128,4 Pac Gas Sz 51... 71*2 71W 71 1 a 71 Ye Pub Ser N J ...119% 118% 119', 116% So Cal Edison .. 71% 71% 71% 70 2 Std Gas & E 1... 129] 2 128% *128% 127-8 United Corn .... 49% 48% 49’, 48 2 Ut Pwr & L A... 45 44% 44% 44% West Union 190 '/a Am h ft?‘ n &“rp 52% 52% Inti Mer M pfd. 29% 29 29 29% Foods— ... Am Sug •••., 60/2 Armour A 6% 6% 6% 6lz Cal Pkg 74 -3 Can Dry <O% Childs Cos 62V* 62% Coca Cola. Cont Baking A.. .. ■■■ *b Corn Prod 106% 104% 100% 104% Gen Foods 51 1 /* 51 51% 51,2 Grand Union is/" TTprcheV ••• 10214 101 *4 Jewel Tea 58V2 57 58% 57% Kroerer 4039 5 337/9 7 / 40 Nat Biscuit ... 89V* 87% 89% 88 2 Pillsburv ••• 37*/4 36 ] 4 Safewa/ St .... 99% 99Va 99% 99% Std Brands 26 26% Ward Bkg 12% 12% Coxv. Inc 30 7 a 30V2 30Va 30% Lambert Cos 108 Viz 106 3 /4 108 Viz .4 Lchn & Fink 34 y 2 Arn n< Radiator .. 37% 37% 37% 137% Gen* Asphalt’. 67% '§7% 67% Otis Elev 76V* (6 76V* (5,2 AlI l ied U Cltem Cn ?...327% 325‘i 325‘i 327 Com Solv 36% 36 36% 36 Union Carb 104:* 104% 104% 104% U S Ind Alco 93% 92% Retail Stores — Assoc Dry Gds.. 49% 49% 49% 50 Gimbel Bros * ... •••„. 20 Kresge S S .... 33% 33V* 33** 33% May D Store ••• ••• 08% Mont Ward .... 44% 43% 43% 43% Penny J C 64 T* 64% 64 % 64% Schulte Ret St „ 11, 10‘/ Sears Roe 91% 90% 90% 89 Woolworth 66V2 66% 66% 66V, Amusements— _ Col Graph 31% 30>/ 30% 30% Crosley Radio ... —_lß% Eastman Kod ..243 7 s 239% 242% 238 Fox Film A .... 43% 43% 43% 41% Grigsby Gru ... 22Vi 22Vs 22% 21% Loews Inc 83 Paratn Fam .... 79 72% 72% 73% Radio Corp .... 59 58% 59 58% R-K-O 42'/a 40% 41 .42 Schubert 21 ... Warner Bros ... 73 72% 72% ... Miscellaneous— Airway App ••• , r 2% Congoleum 17% 18% 17% 17% Am Can 156%. 155% 155% 155’* Cont Can 69% 66% 66*s 68% Curtiss Wr 63*, 63’a 63% 13% Gillette S R ... 89% 89% 89% 90 Real Silk 59% 60 U S Leather A .% ... 22

Investment Trusts

Bid. Ask. Am Founders (new) . 24)4 25% Basic Industry Shares 9‘z 10*4 Corporate Trust Shares 9la 10% Diversified Trust Shares (A).. 26% ... Fixed Trust Shares (Bi 22% ... Diversified Trust Shares (C).. 9% 954 First Investment Corporation. .. 11% Fixed Trust Shares (A 22 5 . ... Fixed Trust Shares (15) 19*4 Investments Trust of N Y.... 121s 127s Leade' of Industry 12% 12' No Am Trust Shares 9 7 s 107s Power & Light Sec Trust.... 64 66 Reybarn & Cos 13 14% Standard Oil Trust Shares 10 12 S W Straus Inv Units 52 58 Selected Amer Shares 8% B’s Trustee Standard Oil Shares.. 11 U 8 Elec & Pow Shares A 42)4 44% U S Elec Lt L Pwr Shares B 13 12%

Cash Hay

Indianapolis hav prices, f. o. b. country points with freight rate to Cincinnati •or Louisville. 231a cents or less: No. 1 timothy. $12.50: No. 2. *11.50: No. 3. *10: No. 1 light eiover mixed. *11.50: No. I clover muted. *11.50: No. 1 clover, *10.50.

WHEAT MARKET SHOWS GAIN ON WEATHER NEWS Strong Foreign Cables Play Part in Upswing of Grain Futures. By United Prest CHICAGO, April 16.—Wheat rallied on the opening of the Board of Trade today with foreign cables strong and still no rain in the western part of Kansas, where the need is imperative. The central and eastern parts of the wheat belt again received light to heavy rains during the last twenty-four hours, but the effect is wearing off. Liverpool was strong, the strength at Buenos Aires Tuesday offsetting the weakness in the North American markets. Buenos Aires opened steady and rose to higher by mid-morning today. Corn and oats were up with wheat. At the opening wheat was T 4 to l l ** cents higher; com was %to % cent higher, and oats was M cent higher. Provisions were steady. Opening lower but much stronger than expected, Liverpool recovered by mid-afternoon to stand Vi to 94 cent higher. Quite a few traders express themselves as being bullish believing the situation calls for a rally as the influence of the recent rains has been worked off and unless western Kansas receives moisture there will be more complaints from that region. The bears feel, however, that the loss in the dry area will be more than overcome by the remaining stocks of old wheat. Com has declined more than 6 cents from the high point of last week. It has been difficult to buy May without advancing that month while July has been under pressure. The rainy weather has stopped farm work and is expected to curtail the receipts. There has been a marked improvement in the shipping demand for cash oats. Cash interests are still buying to keep up their stocks. The market is more under the influence of wheat than anything else.

Chicago Grain Table —April 16— Prev. WHEAT— High. Low. 12:00. Close. Mav 1-07% 1.06’, 2 1.07V* 1.06V* July 1.08% 1.07% 1.08% 1.06% Sept 1.11% 1-10% I.ll'* 1.09% Dec 1.15% 1.14% 1.15% 1.13% CORN— May 83% .82% .83 V* .82% July 85*8 .84% .85% .84% Sept 86% .86 .86% .85% Dec 81% .81% .81V* .80% OATS— May .43** 42 .43% .42% July 43% .43% .43% .43 Sept 42% .41% .42’/a .41% RYE— Mav .61% .60% .61% .60'/a July 08% .67% .68% .66% Sept '.2% .71% .72V* .70% LARD— Mav 1C.35 10.31 10.31 10.28 Julv 10.60 10.52 10.60 10.52 Sept 10.88 10.65 10.88 10.70 RIBS— May 13.54 13.45 px Timer Pnecial CHICAGO. April 16.—Carlots: Wheat. 44: corn. 161; oats. 14; rye, 0, and bailey. 4.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, April 16.—News of the day is almost a3 inconsistent as the recent action of the stock market. We have a much improved carloading report and intimations that the midweek steel reviews will sound a more optimistic note. At the same time, we have a batch of earnings reports, particularly from the automobile companies which is far from encouraging. Within the market itself, stocks making new lows exceed those which are being established at new high records. Obviously the trends in both business and the share markets lack uniformity. Offsetting the possibility of the desire to reduce commitments over the extended holiday, we have the prospect of a brokers loan report which is generally expected to show only a moderate increase or possibly a decline. A further stimulant is also promised with the announcement due tomorrow, of the closer alliance between the radio corporation and the two larger electrical companies. One of our leading financial authorities makes the unqualified statement that “high ups in the financial world still look for a mild setback in stocks before a fresh upward movement is launched.” This opinion appears to be gaining adherents, although it must be admitted that the present technical position of a large portion of the list is sufficiently strong to justify the belief that a major reaction is improbable.

Marriage Licenses William Edwards. 24, of 518 Blake laborer, and Dorothy Cody, 22, of 518 Blake, waitress. L. C. Collins. 25, of 115 Douglass, laborer, and Eva Hubert, 16. of 113 Douglass. Ralph C. Cooper. 40, of 1402 East Minnesota. mechanic, and Gertrude E. Smith, 34. of 1402 East Minnesota, clerk. Ernest H. Miedenna. 22. of 1917 Parker executive, and Emma R. Harbold, 20, of R. R. 10, Box 319. stenographer. Elbert M. Canatsey. 25. of 452 North Kealing, clerk, and Toleta J. Talley, 19, of 3745 East Market, clerk. Harold E. Pielmeier. 27. of Stout airport. pilot, and Virginia M. Glynn. 22, of 726 North New Jersey, stenographer. Burley Clark. 23. of Beech Grove, mechanic. and Marjorie E. Klingensmith. 18, of Beech Grove. George C. Evans. 27. of 1905 Ashland painter, and Elizabeth Evans, 20, of 2856 North Dearborn. Dillon Hanner. 19. of 1134 South Holmes, clerk, and Edna M. Samuels. 23. of 1034 South Holmes. Charles E. Maxwell. 27. of 2162 South New Jersey, clerk, and Beatrice E. Nefi. 18, of 514 South Keystone. Andrew Hendrickson. 23. of 1866 Orleans, clerk, and Florence S. Kaufman. 21. of 708 Beecher. Sherman Mott. 64. of 3102 Ruckle, secretary, and Elsie G. Speer, 34, of 1107 North Butler. Thomas Shamback. 58. of 1028 Oliver mechanic, and Nettie Sargent. 49. of i428 Holliday. Clement V. Snyder. 66. of Belleville 0., salesman, and Irene L. Jones, 46, oi 624 Langsdale. Harvey E. Reinhardt. 24. of 214 North Tremont, printer, and Lillian Sprecker. z3. of 2411 Northwestern. Marlowe R. Roberts. 28. of 1265 Lawton, decorator, and Georgia M. Ryker, 24, of 1015 Sanders, clerk. Walker Linderman. 21. of 633 Minerva, clerk, and Jessie M. Prior, 18, of 633 Sherlock. J. Dale Watson. 21. of 3316 Robson, clerk, and Gertrude M. Long. 22. of 105 Johnson. Road Tools to Be Sold Sealed bids for contractors’ tools owned by the state highway department and stored at the Crawfordsville highway garage will be received by the state highway commission April 22, it was announced today by Director John J. Brown.

The City in Brief

John A. McNaught, retired engineer of the Baltimore & Ohio railroad, Indianapolis division, was presented with a fifty-year service button by the Veteran Employees’ Association of that company, Monday evening, April .14. McNaught entered the service of the Baltimore & Ohio, March 24, 1880. “American woman should become Interested in politics and take an active part in it, Mrs. Ovid Butler Jameson, acting vice-chairman of the Marion county organizaton told 175 members of the Eighth Ward Republican Club at a dinner meeting Tuesday night at the Central Universalist church. Events in the life of Abraham Lincoln were recounted at a meeting of Benjamin Harrison camp 356, Sons of Union Veterans, in Ft. Friendly, 512 North Illinois street, Tuesday night by Captain W. H. Ball, Jesse Martin, and Joseph W. Williams of Martinsville. Newton J. M McGuire presided. “How to Dress in Good Taste” will be the topic of an address Wednesday night at the Y. M C. A. by Edward R. Treat of A. J. Treat & Sons, this city. A member of th„ National Association of Merchant Tailors, Treat will illustrate Ills lecture with living models. Annual spring sales convention of 200 heating engineers of the Hol-

Indianapolis Stocks

—April 16— Bid. Ask. Amer Central Life Ins C0...1,000 ... Belt R R & Yds Cos c0m...... 61 63% •Belt R R & S Yds Cos pref. 56 60 Bobbs-Merrill Cos 30 33% Central Ind. Pow Cos pref 92’, 94% Circle Theater Cos com 1 25 Va ... Citizens Gas Cos pfd 96 99 Commonwealth L Cos pf 7%.... 97 101.s Commonwealth L Cos pf B'o ... 93 Hook Drug Cos com new 23% 2a% Ind Hotel Cos Claypool com... 125 Indiana Hotel Cos pref 100 ... Indiana Service Corp pref... 83 ... Indianapolis Gas Cos common.. o 7 61% Indpls Power & Lt Cos pfd.. 104 106 Indpls Pub Wei Loan As com 53 ... Indpls St Ry Cos pfd 29 30% Indianapolis Water Cos pfd... 98 ... Interstate U S Cos pr 6% L pf 90 93 Interst P S pr 7% p pfd. 101% 104 Metro Loan Cos 98% ... •Northern Ind Pub 5%% co pfd 91% 94% •Northern Ind Pub 6% co pfd 99 103 •Northern Ind Pub 7% co pfd.106% ... Progress Laundry Cos com... 46 48% E Raub & Sons Fer Cos pfd.. 48 ... Real Silk Hosiery M Inc pfd..loo Shareholders Investors C 0... 24% ... Standard Oil Cos of Ind 57Vi ... •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-Dividend —Bonds— Belt R R & Stock Cos 55.... 9t Central Indiana Gas Cos 5g.. 99 ... Central Ind Power Cos 65... 99% ... Citizens Gas Cos 5s 102 Citizens Street Railroad 55... 50 54 Gary St Rv Ist 5s 65 ... Home T & T of Ft Wayne 6s. 101% ... Ind Northern Trac Cos 5s ... 3 5 Ind Rv & Light Cos 6s 98 Indiana Service Corpn 55... 89 Indpls Power & Light Cos 5s 99 101 Indiana Union Trac Cos 55.... 5 ... Indpls Col & Cos Trac 6s ..... 96 97% Indianapolis Gas Cos 5s .... 99 ... Indpls & Mart Rapid T Cos 6s .. ... Indpls No Trac Cos 5s 10 13*/* Indpls North Western Cos 5s .. ... Indpls Street Ry 4s 42% 43 .* 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 lieu & ref.. 92% 94% Indpls Water 4%s 92% 94% Indpls Water W Sec Cos 5s ... 85 ... Interstate Pub Serv Cos 4%5.. 91 ... No Ind Pub Serv Cos 5s 101 ... Interstate Pub Serv Cos 4%5... 91% ... No Ind Pub Serv Cos 5s 100 ... No Ind Telegraph Cos 6s 9i% 100 T H Ind & East Trac Cos 55.. 62 ... T H Trac & Light Cos 5s 95 97 Union Trac of Ind Cos 6s ... 17 22

Produce Markets

Eggs (country run)— Loss off. delivered In Indianapolis. 21c: heners duality. No. 1 24c: No. 2. 21c. , _ Poultry (ouylngr prices)— Hens, weighing 41/2 lbs. or over, 21c; under 4% lbs.. 21c; Le-horn hens. 19c; springers. 4 lbs., or over. 2lc; under 4V2 lbs.. 21c: broilers, 1930. 30c; old cocks. 12@15c; ducks, full feathered, fat, whites. 12c; geese. 10c. These prices are for No. 1 top Quality, ouoted by Kinean <ss Cos. _, Butter (wholesale) —No. 1, 42@43c; No. 2. 40@41e. Eutterfat—4oc. Cheese (wholesale selling price per pound!—American loaf. 31c; pimento loaf. 33c* Wisconsin firsts. 27c; Longhorns, 34c; New York llmbvrger. 36c. Bu United Press . CINCINNATI. April 16.—Butter—Steady; creamery in tub lots, according to score. 39@40c; common score discounted 2@3c; packing stock. No. 1,27 c: No. 2. 22c; No. 3.17 c, butterfat. 36@39c. Eggs Lower; cases included: Fresh gathered. 24’2c: firsts. 22c; seconds. 22c; nearby ungraded, 24c; duck eggs, 26c; goose, 60c. L-ivo poultry—Thin and coarse stock sells only at heavy discount; fowls, 5 lbs. and over, 23c; 4 lbs. and over, 24c: 3 lbs. and over, 24c; Leghorns. 3 lbs. and over, 2IV2C; roosters, 14c; capons, 8 lbs. and over. 35c; under 8 lbs., 33c; slips. 21c; 1930 broilers, over 2 lbs., 40c: colored broilers. 1% lbs. and over, 36c; I’4 lbs. and over, 30c: Leghonr ana Orpington broilers, 1% lbs. and over, 35c; broilers, partly feather, 24c; black springers, 24c. Bu United Press NE' V YORK, April 16.—Flour—Dull and lower; spring patents, [email protected]. Pork— Firm; mess, $32. Lard—Easier; middle west spot, 510.60©70.70. Tallow—Dtill; special to extra, 6%@6 5 /c. Potatoes— Firmer: Long Island, $2©;5.85; southern, s3® 7.50; Maine. $4.25©.5.75: Bermuda, [email protected]. Sweet potatoes—Firm; southern baskets, $2.35©2.75; jersey, baskets, 50c®53.50. Dressed poultry—Firm; turkevs. 27@42c: chickens. 18® 34c; capons, 30® 44c; fowls, 16@32c; ducks, Long Island, 22c. Live poultry—Dull: geese, 13<6l 18c; ducks. 14@22c; fowls. 25@27c; turkeys. 30© 50c; roosters, 14© 15c; chickens, 19@22c; capons, 32@55c; broilers, 20@43c. Cheese —Steady: state whole milk, fancy to special, 24@26c; Young America, 22@25c. Bu United Press CHICAGO. April 16—Eggs Market, steady; receipts, 19,785 cases; extra firsts, 25*2© 26c; firsts, 24’2®.25c; ordinaries, 23@23 , 2c; seconds, 22 %c. Butter—Market, steady; receipts. 7,051 tubs; extras, 37> 4 c; extra firsts, 36’'2©37c; firsts, 34'/2®i 351ic; seconds. 31©33c: standards, 37'/C. Poultry—Market, steady; rcelpts. 1 car; fowls. 25c: springers, 30c; Leghorns, 21c; ducks. 20@23c; geese, 15c: turkevs. 30c; roosters, 14c; broilers. 36@40c. Cheese— Twins. 18’2@19c: Young Americas, 20c. Potatoes—On track. 389: arrivals. 91; shipments. 667; market, old stock, steady to weak, new stock dull; Wisconsin sacked Round White, $2.80©.3; Minnesota sacked Round Whites, $2.70<52.80; Idaho sacked Russets. $3,65© 3.90. I Buy and Sell Central Ind. Power 7% Pfd. Newton Todd 415 Lemcke Bldg. Cbc4 Investments AMERICAN COMPANY* Indiana’. Largest Investment Hotfee Open a Checking Account AETNA Trust and Savings Cos. 23 N. Pennsylvania St.

land Furnace Company from fifty cities in the middle vest is being held this week at the Lincoln. Prominent speakers include W. S. Neiberger, St. Louts; George Masseck, Akron, 0., and R. B. McCarl, Quincy, HL, ail of the Holland firm. Plans for enlarging the child nutrition camp of the Marion County Tuberculosis Association at Bridgeport gained impetus today following consideration of the project at a meeting of the executive committee at the Columbia Club. Edward W. Harris, president, presided. Twenty-five local Delco-Llght salesmen have gone to Chicago to attend the international convention of the Delco-Light Company today and Thursday. More than 1,200 salesmen from the United States. Canada and foreign countries will attend the convention. At the fellowship dinner in the Northwood Christian church at 6:30 Thursday night Dr. T. W. Grafton, pastor, will speak on “The Endless Feast.” The choir has arranged a musical program. Misses Ruth and Irene Morgan of Greensßurg will sing! “Merchandising a National Idea” will be the subject of Guy Gundaker of Akron. 0., before the Advertising Club of Indianapolis at the Columbia Club Thursday noon. Adolf Wagner, Frank B. Tufts and W. T. Ferguson of Indianapolis will sail on the S. S. Arcadia. May 27, on a seagoing convention of 500 Philco Radio executives, distributors and star salesmen. The destination is Bermuda. Headquarters have been opened at 308 Inland Bank building by the Constitutional Defenders League for purpose of holding meetings and promoting educational needs of members. The league is opposed to a state constitutional convention, and is nonpartisan. Election of Robert Whitcraft as president of the Advertising Club of Butler university was announced today. Other officers are: Edward Campbell, vice-president: Maurice Boyd, secretary, and William Weiss, treasurer. Members of the club are journalism students who intend to enter the advertising field upon graduation. The annual Butler university bridge tourney will be held the evening of April 30 at the University Campus Club. The tournament is sponsored by the Butler University Men’s Union. A cup will be awarded the victorious school organization. The annual Easter bazar of the Broad Ripple auxiliary of the Eastern Star will be held Saturday at 807 East Sixty-third street. Two petitions of voluntary bank- ( ruptcy were filed in federal court today. Nora Stem, farmer, of Kirklin, listed assets of $1,500 and liabilities at $5,145. Wililam E. Stern, also a farmer of Kirklin, listed assets of $545 and liabilities of $5,340. Petition to remove the case of the Stutz Motor Car Company against the Ohio Farmers Insurance Company of Leroy, 0., for the collection of $4,314 on notes which the insurance company had guaranteed, from the Marion superior court one tp federal court, was filed today by tlf? defendant.

New York Bank Stocks

—April 16Bid. Ask. America 145 145’/ 2 Bank of United States.... 77% 78 Central Hanover 399 401 Chemical 85 85% Com Exchange 252 253 First National 6,375 6,425 Manufactures 145% 147 Public 140 141% Bankers 172 172% Brooklyn 905 915 Chat Phenix National. 137 139 Continental 43 43 ’/a Interstate 52 52% New York Trust 313 318 Commercial 553 557

3 HARE IN THE PROFIT /of the Common Stock Earnings 1 of Many of America’s Major Industries By Investing in I FIRST INVESTMENT CORPORATION AST INDIANA INVESTMENT TRUST First Investment Corporation Is a General Management I type of Investment Trust, and as such is always in a position to take advantage of favorable markets and adapt Itself to changing conditions. Only securities of high s quality rating hy standard authorities can be purchased. Some of the Stocks Bought by Us Before Recent TncrotMMfll i||]| General Motors Standard OH of India** H Chase National Bank of Atlantic Refining New York U. S. Steel Lambert Colombia Gas and Btectrta American Foreign Power Anaconda Copper Standard Oil of New York Pennsylvania Railroad Texas Corporation Baltimore & Ohio Railroad American Rolling Mills St. Louis & San Francisco R. K. Price $11.50 Per Share Subject to change without notice g|| Without obligation on Nome.. i0>... u ...,q, HH my part, send me complete information. Address 1202 New City Trust Bldg. Riley 6531 ook at — ffl Work With T hy More Concerns S ce Furniture I / Other ■ f ■ -- - =- • ’ . 11SS.WS We Make REAL ESTATE FIRST MORTGAGE LOANS FARMERS TRUST COMPANY | 150 East Market Street Alley 444

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END OF SOVIET IS FORECAST RY DUTCHOII HEAD Sir Henri Deterding Afraid to Extend Operations Into Russia. BY PERCY C. RICHARDS United Frets Staff Correanondent SAN FRANCISCO, April 16. Suppression of individualism in m nation, as in a human being, is decadent, and for that reason, and that one only, Sir Henri W. A. Deterding, head of the vast Royal Dutch oil enterprises, forecasts ths downfall of the Russian Soviets. Sir Henri came to San Francisco for the opening of the new $4,000,000 Shell Oil Company building. “There is no hope for survival of communistic doctrines, ’’ Sir Henri asserted. Because he believes Russia is doomed to failure under the Soviet rule his company is not opening business relations with that nation, he said, even though he considers Russia the greatest field for market development. Sir Henri said a man normally eats about six pounds of food in a day, while Russian people are consuming but three pounds a day to a person. “That means, with 140,000,000 persons in Russia, they are 70,000,000 tons of foodstuffs a year under normal. There is no hope for supremacy in the world of commerce for subnormal or undernourished people,” he said. Arrested for Drunken Driving James Walker, 38, Wabash, was arrested by Nate police and brought to Indianapolis today to face charges of drunkenness, drunk driving and reckless driving when hia auto is said to have figured in an accident here March 26.

James T.Hamili & Company BROKERS % Indianapolis MEMBERS Chicago Stock ErchanK# Chlcaga Board of Trad# Indianapolis Board of Trad* j Associated New York Curb 203 Continental Bank Bldg. Tel. Alter 6493—Riley 64*4 | We Offer: Investment Trust Shares I Trustee Standard Oil Shares 23 Standard Oil Companies Market price abont 1254 Basic Industry Shares 30 Great Corporations Market price about 1054 Corporate Trust Shares •28 Great Corporations 7’ Market price about 1054 Breed, Elliott & Harrison 109 N. Pennsylvania St* Indianapolis