Indianapolis Times, Volume 41, Number 295, Indianapolis, Marion County, 21 April 1930 — Page 13
tfPRTt 21, 1930
STOCK MARKET MOVES HIGHER IN BULL WAVE Early Irregular Trend- Is Stopped by Buying Around Noon.
Average Stock Prices
Avfrage of thirty industries for Thursday was 294.07. up 1 87. Average of twenty rails was 152.08, up .15. Average of tentv utllltie*. 108 23. up .55 Average for forty bonds was 94.38. oft .08. Bv United Pres NEW YORK, April 21.—Tendencies toward further Irregularity were offset on the Stock Exchange by strength in a long list of representative issues, many of which made new highs for the year or longer. Trading was more active and tickers were falling behind toward noon when an upturn was noted. At the outset the majority of issues made gains. Then irregularity set in on renewed profit-taking. The selling was drying up around noon and the market was moving forward. There were still many soft spots In the list among the utilities and coppers, but the amusements, harvester shares, foods, steels and oils held firm. Leading industrials were in fair demand. Money Easy Call money renewed at 4 per cent and was easy at that figure with loans made outside the exchange at 3% per cent. This ease in credit was a factor in buoying up the market. Fox Film A was the active feature of the entire list, rising nearly 7 points to anew 1930 high at 54%. Other Issues to make new tops for the year were Radio Corporation at 63%, up 1%; Vanadium 131%, up 2; Loews 91, up 3%; Ingersol Hand 225, up 2. and J. T. Case 224, up 4%. Erie made anew low r at 5514, off lli. Motors Active Around noon the motors got into action. Packard started the movement with a sale of 10,000 shares at 20% unchanged. Then it ran up quickly and crossed 21. General Mo - tors then moved ahead and heavy trading at higher prices w-as noted in Yellow Truck and Auburn. American Telephone was weak, dropping s'i points to 255%. For a time other utilities were under pressure. Consolidated Gas, however, was in active demand, rising sharply in long strings of sales. Copper shares were sold on expectation of reduction in dividends by several of the companies following the recent slash in copper prices. Issues of the group were down fractions to 3 points. Copper metal buying was dull today. Brass producers reduced prices to conform withe lower copper schedules.
Banks and Exchange
INDIANAPOLIS STATEMENT Indianapolis bank clearings Monday. April 31. ./ere $3,395,000. debits. $6,014,000. CHICAGO STATEMENT Bu United Pit** CHICAGO April 21.—Bank clearings SB6 300.000: balances $7,300,000. NEW YORK STATEMENT By United Pro* NEW YORK April 21.—Bank clearings. $519,000,000: clearing house balance *135,000.000: federal reserve bank credit balance $123,000,000. TREASURY STATEMENT Bu United Pro* WASHINGTON. April 21.—Treasury net balance on April 18 was $240,352,790.87: ruiftoms receipts for the month to that date totaled $25,539,453.48; government expenditures on April 18 were $17,296,138.07.
In the Stock Market
(Bv Thomson & McKinnon) NEW YORK, April 21.—Inasmuch as the federal reserve board in its current review of credit conditions attributes continued ease of money rates to the open market operations of the board itself, we are safe, perhaps, in disregarding the unexpectedly large increase in the brokers loan account as any danger signal. Asa matter of fact, considering the comparatively narrow movements of stock prices during the past week, it. is reasonable to assume that the major portion of the increase in loans is largely the result of new financing. More important just now is the unusually strong technical position of the market, which is reflected in a long list of stocks which are loaning flat, and indicates a substantial borrowing demand. Evidently the market harbor a large short interest which as a rule precludes the possibility of an unusual disturbance in security values. We are inclined to believe that remarks which likely will come from officials of the United States Steel Corporation in today’s annual meeting will do much to dispel apprehension over the business outlook. Thp admission that negotiations are under way looking to a merger of the principal mail order houses should act as an additional market stimulant.
New York Bank Stocks
„ , . Bid. Ask. Chase National 1S2 1 • 163’ • Citv National 237‘ 2 238 : i Eoultable 1311. 132 Guaranty .. 840 ' 843 America 145 147 Bank of United States 78' ■ 77 Central Hanover 400 400 Chemical 85', 86 Corn Exchanse 250 251 First National 6.400 6.425 Public 140 141 Bankers 171 3 . 172’j Chat Phenix National 138 139 Continental 42’a 42 3 Empire ... 99 100 Interstate 52 52' Manhattan *Co 148’. 149 New York Trust 313 320 Commercial 550 550 Irvins 68 68'.
Investment Trusts
Bid. Ask. Am Founders inewi 24'. 25'. Basic Industry Shares 9'a 10'. Corporate Trust Shares 9’. 10’ Diversified Trust Sheree IAI.. 26. Diversified Trust Shares B .. 21‘* 22 9 . Diversified Trust Shares <CK. 9S 9 7 First Invesursent Corporation. 11‘a Fixed Trust Shares tA* 22S Fixed Trust Shares <B> M 3 . Investments Trust of N Y 12‘. 12 T ANARUS Leaders of Industry 12’. 13 No Am Trust Shares '0 10'j Power * Llirht Sec Trust 64 66 Bevbarn & Cos 13 14>j Standard Oh Trust Shares .. 10 12 B W Strau* Inv Units 32 53 Heleoted Amer Shares 8 V 9 Trustee Standard Oil Shares 10 3 U S Elec <fc Pou Shares A .. 42 *. 44 U S Elec Sc Power Shares <B>. 12la 13‘i
New York Stocks —————— (By Thomson A McKinnon) '
) Railroads— Prev. High. Low. 13:00 close. ' Atchison 234% 233% 233% 233 : Atl Coast Line •-• }<t I Balt Ohio 117% 116% 117% 117 Cnesa A Ohio • 227 Chrsa Corn Chi Ort West 15% 15% Chi N West 83% ,83% Dei L A W -aa Del A Hudson IJ7 ljß% , jirie 56-* Erie Ist ptd ... 64% M 84 64% Great Northern 9% 5 Gulf Mob A Oil .. .. ... 39% Ilolnls Central ‘3B Lou A Nash 137 ... Minn 8 L .. - kil 1% MK A T 62Va 62 * 62% 62% Mo Pac pfd 131 136 . N Y Central I* l a ■'* Nickel Plate ... *34 N Y N H A H .. .. 119 118 % Nor Paciflc 89% 89 89 4 ■ Norfolk A West 2a. % 255% 25, 250^a oa w i*% Jr* Pennsylvania 81 * ,5;,* Reading . l 7,1” Seaboard Atr L . . ■■ • :r: .ii% So Pacific 135 124 a 125 124 s Southern Rv ... 113 2 11* St Pau/pfd 39% 39Va 39% 39% fit L A S P 11 '% Union Pacific’ 7.234 232% 234 232 f F.ciuipment*— ~ Am Car A Fdv.. 51 59 5 62 Am Locomotive < h Gen A Am ß Tank. .109 108% .io 109% General Elec ... 92% 91 91 93 flen Rv Signal. 100 100 , 100 % 98. t Lima Lovo 39 38% 3ra Man El Sup 53% 53 53r 52.a N Y Air Brake.. .. ... 44% ... Press Stl Car... 13% 13 13 12 a Pullman .. • • •••., Js-, 75,, Westingh Air 8.. 46% 4a% 45 46^2 Westingh Elec ..199% 197% 199% 42/ Rubbers— , Firestone Z T 1 . Goodrich 50% 50 50% 48.4 Goodyear 88 86 87 a 89 Kelly Sprgfld ® * U S Rubber.... 33% 33% 33 33 2 Motors— _ ... Auburn 261 259 2b9 x ' )B Chrysler 39% 39 4 39 n 39"4 Gardner ... 5•*,4 w_4 Graham Paige.. li% 11 IJ% General Motors.. 52% 51% 51% 51/4, Hudson 52% 52% 52-a 52,4 Hupp 22% 22 Va 22, a 21% Mack 83% 82% 82- 83 4 Mormon 29 28% -8% 28 a Nash 50% 49% 50y 52 Packard 20% 20% 20 a 20 ,2 R^ rce : Arrow .:::: a n* % Studebaker 40J 40 [2 40J '2 40 Yellow Truck... 28 3 * 28 1/ 28 Va 28 4 Motor Access— .... Bendlx Avition.. 52% ST. 52 52 * Borg Warner 4, % 46% ♦<% Ij.’ Briggs 22% 22 22 s 22 * Budd Wheel •• ur ll '* Eaton 32% 31% 32 32 El Storage 8.... i4% i4% 74 '-5 Hayes Body 14% 14% 14/a H . Houria 26% 26% -® * 261* Motor Wheel . .. 81 • • • , Stewart Warner. 43% 43 *3% 42 4 Timkin Roll 86% 86 86% 87 Mining— .. Am Metals • • ••• *7 Am Smplt 73 / 73 i3 74 Anaconda Cop.. 69 67 87% 69 t Cal A Hecla ... 23 32 % 22% 33. Cerro De Pasco. 57% 56% 57% 57 Freeport Texas.. 537*9 53 7 /s 53? * 53 \ Granby Corp ... 46 45 45 4i Howe Sound • • • ••• JJLf Int Nickel 40 38% 39 40% Inspiration 23% 22% 22- 4 24 ,2 Kennecott Cop.. 51 50% 50% 52 . Magma Cop ... 46 45% 45 2 46 Miami Copper .. 25% 2a 25 25 4 Nev* Cons 24% 23% 23% 25% Texas GUI Sul... 63% 63% 63% 6 Oils— Am Republic ... 95 94 95 ... Atl Refining ... 46 45% 45% 45% ! Barnsdal ... 30% 31 I Beacon 19 Houston 111% 107 iO7 111% Ind Oil 29Va 29% Indian Refining. 23'4 23 23 2234 Mex Senbd 34% 22% 33% 53 % Mid Conti 30% 31 Pan-Amer B 58% 58 vs Phillips 39% 39% Pr Oil A Gas 51 51 Pure Oil 25% 25% Richfield 26V4 26 26% 25% Royal Dutch ... 54% 54V* Shell Un 24% 24 24% 24 Sinclair 30% 30% 30% 29% Skellv 39% 39’4 39% 39% Standard of Cal 71 70% 70% 70% Standard of N J 78% 78Va 78% 78% Standard of NY .. ... 36% 36% Texas Cos 58% 58 58% 57% Union Oil 4% Steels— Am Roll Mills .. 94 90 90% 91% Bethlehem 104% 104% 104% 105 Byers A. M 103 Cent Allop 35 Colo Fuel 73 Critc Steel 88% 88% Ludlum ... 40 Newton .. ... 56 ... Rep I A ..S.. 79 78% 79 78Va U S Steel 195% 194% 195% 195% Vanadium 133% 129% 131 129% Tobacco*— Am Sumatra 16% Am Tob <B) ..244 243 % 243% 245 Con Cigars ... ... 52 Gen Cigar .... 59% 59% 59% 59 Lig A Myers 109% 110% Lorillard 26 25% 26 26 Rev Tob 54% 53% 53% 54V. Tob Pr B 11% 4% United Cig 7% 7 Utilities— _ ~ Abitibi ... , 39% Adams Exp .... 35% 34% 35% 35% Am For Pwr 99% 98% 99% 99% Am P A Li 116% 115 115% 115% A T A T 260% 259% 259% 260% Col GA El *84% 84% 84% 85% Com A 50U.... 19 18% 18% 19 El PA Li 99% 99 99 98% Inti T A T 75 74% 74% 74% Natl P A Li 53% 52% 53% 54 No Am Cos 128 128% Pac Cr A El 71% 71 71% 70% Pub Ser N J ...117 116*4 117 116% S Cal Edison.. 70% 70 70% 70% Std G A El 127 126 United Corp ... 48% 48 48 48% Ut P & LA 44 42% 42% 44 West Uninon ..190% 189% 190% 190 Shipping— Am nt Corp.... 52% 52 52% 52% Inti M M pfd.. 32% 32% 32% 32 No Gm Lloyd 59% ... Foods— Am Sug 67% 67 67% 67 Armour A ... 6% 6% Cal Pkg ... ... 73% Can Dry 68% 68% 68% 69% Coca Cola IBS 3 . 183 183% 183% Foods— Cont Baking A.. 33% 32% 32% 34% Corn Prod 110% 108% 108% 109% Cudahy Pkg ... ... 45 Gen Foods 54 53% 54 52% Hersey 102% 101 102% 101% Jewel Tea 56 57 Kroger 38% 38% 38% 39% Nat Biscuit ... 88% 80 80% 88 Pillsburv 36% Safeway St ... 25 Std Brands ... 26% Ward Bkg 26% 26 26% 12% Drug'— Cov Inc 30% 29% 30% 30% Lambert Cos 107% 106% 107 107', Lehn A Fink 34 34 Industrials— Am Radiator .. 36% 36% 36% 37 Bush Term 44% 41% Certainteed ... ... 10% Gen Asphalt ... 67% 66% Lehigh Port ... ... ... 40 Otis Kiev 76 75 75% 76%
On Commission Row
FRUITS Apples Basket - Baldwin. S2O 2.50; Stayman. $2'.;3: Winesaps. $3.25; Northern Spv. 52.25; Ben Davis, $2.25; Boxes: Delicious, s4.i 4.25: Stay man. $3422.25; i IVinesap. $2,754; 3.25. Barrels: Baldwin. $6i.;6,50 BenDavts. $5.50; Winesaps. S7O 8.50. Grapefruit Florida, $6 if 7 a crate. Grapes—California. Emperor, kegs. $6.50. Lemons—Fancy California, $5.j506.50: imported. Messina. $54; 5.50. Limes—Florida. $2.5003 a 100: Dominican. $3 Oranges—Florida. $64; 8.50: California, naval. $5 5 9 a crate: Valencia. $6.250 8 a crate. Pineapples—Cuban. $5. Strawberries —Louisiana. 24-plnt crate, ■ $5 > 5 50; Alabama. 24-pint crate, SB. Pears —Avocado. California. $7 a dozen: i D'Anjou. $4.75 •; 5 a box. VEGETABLES Artichokes —California, $1.2301.75 a dozen. Asparagus—California and Georgia. 45c a bunch. 53.504; 4 a case. Beaps—Texas stringless. $4 5005.50 a ; hamper. Beets—Texas, new, $3.5004 a crate: Indiana. $2 a bushel. Cabbage—Texas, new, 8 : B*ie a pound. Carrots —California. $3.75 a 4 a crate: Texas. $3: Indiana. $1 a bushel. Cauliflower —Western. $2 250.2.40 a crate. Celerv —Florida. $4.2504.75 a crate. Cucumbers Hothouse. $1.8502.25 a dozen. Eggplant—Southern. $1 2502 a dozen. Kale—Eastern. $1.75 a busheL lettuce—California. Iceberg. $3.50 a crate: hothouse. SI.BO a 15-pound basket Onions—Colorado Spanish, $2 a crate: Indiana yellow. *1.65 a 60-pound bag; white. $2 a bag: green, home-grown. 50c dozen: new Texas yellow Bermuda. $3.50 j a crate Parslev—Southern. 50c dozen bunches. Parsnips—lndiana. $1.35 a bushel. Peas—California. $5 a crate. Peppers—Florida. *6.50 a crate. Radishes—Hothouse, buttons. 85c dozer, bunches: southern long red. 25c; Arkansas, three dozen bunches, $! 50. Rhubarb—Hothouse, 5-pound bunch. $1; California. 40-pound box. $3.50. Spinach—Texas. $1.25 a bushel Tomatoes—Florida. $566 a crate: Mexican. 10-pound box. $2. Turnips—lndiana. $3: new. $4. Potatoes—Michigan round whites. SSO 525 a 150-pound bag: Colorado Russets. s•' 50 a 103-pound bag: Red River Early Ohios. $4 :• 425 a 120-pound bag. new Florida Cobbler. $3 a 50-pound namper: Texas. $6 a ! 00-pound bag. Sweet Potatoes—Tennessee. $2 25. Louisiana Golden Glow. $2.75.
Indus Che mi— Allied Chem ...341 340 341 341% Com Solv 30% 34% 35% 35% Union Carb 103% 102% 102% 103% U S Ind Alco 92% 90% Retail Store*— Assoc Dry Gd* 48% 48% Girnbel Bros 19% 19% 19% 19°. May D Store 58 Mont Ward .... 46% 46 *6% 45% Penny J C .... 65% 65% 65% 64% Schulte Ret St 11 Sears Roe 93 92 93% 92 Woolworth 65% 65 65 % 65% Amusement*— Bruns Balke ... 24% 22% Cos! Graph 30% 30% 30% 30% Crosley Radio 18% 18% Eastman Kod ...243% 242 242 245 Fox Film A 52% 52'4 52% 48 Grigsby Oru ... 24 23% 23% 22% Loews Inc 61 88% 89% 88% Param Fam .... 73% 83% 83% ... Radio Corp 63% 61% 62\ 62% RK O 42% 42% 42% 42 Warner Bros 73% 72% 72% 72% Miscellaneous— Airway App 32 32% Congoleum .. 17’% 17% Am Can 54% 53% 53% ... Cont Can 68 67% 67% 67% Curtiss Wr 13% 13% 13% 65% Gillette SR... 88V2 874, 88% 88 s ,a Real 811 k 58% 58% U S Leather A. 26 35% 26 24%
2 STATE ROADS WILLBEPAVED Projects, Costing $600,000, Are Signed by Commission. Two concrete paving projects for twenty-eight miles of hard surface roads in Pike, Montgomery and Tippecanoe counties were signed by the state highway commission today. Aggregate expenditures will be nearly $600,000. A stretch 15.2 miles long in Pike county, from Petersburg to near Oakland City, will be paved by the Foulks Contracting Company, Terre Haute, at a cost of $336,364.67. It is on Roads 5, 6 and 61. On Road 43, from Crawfordsville north, in Montgomery and Tippecanoe counties, the Bems Construction Company of Indianapolis will lay 13.2 miles of paving, at a cost of $259,792.70.
QUIT SMALL TOWNS State Census Figures Show Trend to Cities. B.v Times Special WASHINGTON, D. C., April 21. Population figures announced for nine towns in eight counties of Indiana today indicated the trend of population away from smaller communities into larger population centers. Preliminary returns from scattered communities in twenty states were announced in today’s tabulations, the first made public in the decennial count which began April 1. Indiana results announced were: New Harmony, Posey county, 1,022 against 1,126 in 1920; Boonville. Warrick county, 4,204 against 4,451 in 1920; Tennyson, Warrick county, 334 against 386 in 1920; Grandview, Spencer county, 590 against 689 in 1920; Elizabethtown, Bartholomew county, 293 against 313 in 1920; Macy. Miami coimty. 279 against 297; Oldenberg, Franklin county, 619 against 628; Redkey, Jay county, 1,370 against 1,386; Whiteland, Johnson county, 419 against 388.
Indianapolis Stocks
—April 21— „ „ , Bid. Ask. Amer Central Life Ins C0...1,000 Belt R R & Yds Cos com 61 63% •Beit R R & S Yds Cos pref. 56 60 Bobbs-Merrlll Cos 30 33% Central Ind. Pow Cos pref.... 92 S4'/2 Circle Theater Cos com 105% ... Citizens Gas Cos pfd 96 99 Commonwealth L Cos pf 1%.... 97 101’, 2 Commonwealth L Cos pf 8% ... 99 ... Hook Drug Cos com new 23% 25 Vi ind Hotel Cos Claypool com... 125 Indiana Hotel Cos pref 101 ... Indiana Service Corp pref... 83 Indianapolis Gas Cos common.. 57 61 Vi Indpls Power & Lt Cos pfd.. 104 106 Indpls Pub Wel Loan As com 53 Indpls St Ry Cos pfd 7 Indianapolis Water Cos pfd... 98 Interstate D S Cos pr 6% L pf 90 93 Interest P S pr 7% P pfd 101V4 103% Metro Loan Cos 98’ 2 ... •Northern Ind Pub 5%% co pfd 91’ 2 94’/2 •Northern Ind Pub 6% co pfd.. 99 •Northern Ind Pub 7% co pfd. 106 Progress Laundry Cos com... 46 48% E Raub & Sons Per Cos pfd... 44 ... Real Silk Hosiery M Inc pfd.. 100 Shareholders Investors C 0... 24 , 2 ... Standard Oil Cos of Ind 57% ... •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 fc Stock Cos 5s 91 ~ Central Indiana Gas Cos 55.. 99 Central Ind Power Cos 65... 99% ... Citizens Gas Cos 5s 102 ... Citizens Street Railroad 05... 31 ... Gary St Ry Ist 5s 65 Home T & T of Ft Wayne 65.101% ... Ind Northern Trac Cos 5s ... 3 5 Ind Ry & Light Cos 6s 98 Indiana Service Corpn 55... 89 Indpls Power Light Cos ss. 98 100 Indiana Union Trac Cos 55... 5 Indpls Col & Cos Trac 6s a6 Indianapolis Gas Cos 5s 98% 99% Indpls & Mart Rapid T Cos 5s . . Indpls No Tyac Cos 5s 10 15 Indpls North Western Cos 5s .. Indpls Street Hv 4s 42% 43% Indpls Trac Ter Cos 5s 91 94 Indpls Union Ry 6s 100% ... Indpls Water Cos 5%s 102 Indpls Water Cos 5s 95 Indpls Water Cos lieu tz ref.. 92% 94% Indpls Water 4%s 92% 94’,2 : Indpls Water W Sec Cos 5s ... 85 Interstate Pub Serv Cos 4%5.. 91 No Ind Pub Serv Cos 5s 99 ... Interstate Pub Serv Cos 4%5. .. 91% No Ind Pub Sfrv Cos 5s 100 No Ind Telegraph Cos 8s 97% 100 T H Ind & East Trac Cos 55.. 62 T H Trac * Light Cos 5s 95% ... Union Trac of Ind Cos 6s 17 ... HOBBS TO BE SPEAKER Scheduled for Address Wednesday to Brookville Red Men. Arch H. Hobbs. Indianapolis, will deliver the principal address at the thirty-fourth anniversary celebration of Oshawnee tribe 220, Order of Red Men, at Brookville, Wednesday night. Members of the Degree of Pocahontas will assist in the meeting and will serve luncheon. Harry Fogle, past sachem, will preside. Hobbs again will speak at the anniversary observance at Tallawanda tribe 202. at Gas City, which is set for Friday night. Tribes from Marion. Sweetzer and Rigdon have been invited. Marriage Licenses Francis Lund. 23. of 424 South New Jersey, clerk, and Bernice Wvott. Is. of 1103 North Alabama, waitress. William J. Waltz. 24. of 1722 West Market, laborer, and Sarah F. Zimmerman. 20. of 1441 Earl. Arthur J. Spaethe. 27. of 3674 North Delaware, clerk, and Edna C. Simpson, 26. of 3655 Kenwood, stenographer Alfred C. Ezgert. 26. of 722 Orange, bookkeeper, and Dorothy K. Bone. 21. of 1626 Broadway, stenographer. Thomas L. High. 22. of Terre Haute, attendant, and Jennie Gilmour. 19. of 268 Parkview, saleslady. Robert K. Welsman. 41. of Chicago, artists, and Zebna Caldwell. 39. of the Hotel Puritan, nurse.
THE INDIANAPOLIS TIMES
PORKEH PRICES RISE 15 CENTS AT CITYYARDS Cattle and Calves Steady; Sheep Market Holds Unchanged. April. Bulk. Top. Receipts. 14. SKIPS'® 10.65 *10.70 5.000 15. 10.00* 10.25 10.40 5,500 16 10.25*10.60 10.60 4.500 17. 10.50<fc 10.65 10.75 4.000 18 10.50* 10.65 10.75 6,900 19. 10.25* 10.50 10.50 4.000 21. 10.40* 10.8 p 10.75 3.500 Slight strength was apparent in hogs today at the Union stockyards, the market ranging from steady to 15 cents higher. The bulk, 150 to 275 pounds, sold for $10.40 to $10.65. One load was reported as sold at a top price of $10.75. Receipts were 3.500, holdovers 580. Cattle were slow and about steady. Receipts were 300. Vealers were steady at sll down. Calf receipts were 300. The sheep market held quotably steady -with receipts of 50. Spring lambs were quotable around $lO to sls. Chicago’s hog receipts were 40,000, Including 14,000 direct. Holdovers were 1.000. Today's market was slow w-ith bidding 10 cent below- Friday's average; $10.35 bid and paid for occasional loads of 180 to 210-pound averages; $10.25 paid for 250-pound weights; $10.15 bid on 270-pound' weights. Cattle receipts were 15,000, sheep 15,000. —Hors— Receipts, 3.500; market, higher. Heavies. 300 lbs. up * 9.75®10.15 250-300 lbs 10.15(ft) 10.40 Med. wts.. 225-250 lbs 10.40* 10.55 220-225 lbs 10.50* 10.75 Llrht wts.. 160-200 lbs 10.50*110.75 LlKht lights, 130-160 lbs 10.00® 10.40 Llrht wts.. 160-200 lbs. 9.00®! 9.75 Packtnc sows 8.50@ 9.50 -CattleReceipts. 300; market, steady. Beef steers. 1,100-1,500 lbs. good and choice *11.50*14.00 Common and medium 9.00® 11.50 Beef steers. 1.100 lbs. down, good and choice 11.50*14.25 Common and medium 6.00*10.50 Heifers. 850 lbs. down, good „ _ _ and choice 10.50® 12.00 Comomn and medium 6.00* 10.50 Cow's, good and choice B.oo® 9.50 Common and medium 6.50*! 8.00 Lower cutter and cutters...... 4.50@ 6.50 Stocker and feeder steers, good and choice 7.00@ 9.50 Common and medium 7.00® 9.50 —Vealer*— Receipts. 300: market, steady. Medium and choice $ 7.50*11.00 Cull and common 5.00® 7.50 —Sheep— Receipts, 50; market, steady. (WWoled basis) Lambs, good and choice $ 8.50® 9.00 Common and medium 7.00* 8.50 Spring lambs 10.00*15.00 Ewes, medium to choice 3.50® 6.00 Cull and common 1.50® 3.50
Other Livestock Bu United Pres a CHICAGO, April 21.—Hogs—Receipts, 40,000, including ILOOO direct: mostly 10 #lsc lower than Friday’s average; slow, ail decline; top. $10.50; bulk, 160-220-lb. weights, $10.25©10.45; 2.50-290-lb. weights, slo© 10.25; butchers, medium to choice, 250-350 lbs., $9.60©! 10.20: 200-250 lbs., $9.75©10.50; 160-200 lbs., $9.85©.10.50; 130160 lbs., $9.60© 10.40; packing sows. s9©. 9.50; pigs, medium to choice, 90-130 lbs., s9@lo. Cattle—Receipts.- 15,000; calves, 2,0fi0; early sales generally steady on all grades and classes; undertone lower on heavy steers: quality best In two weeks; early top heavy bullocks. sls; slaughter classes, steers, good and choice. 1300-1500 lbs., $12.75© 15; 1100-130 lbs., $12.50© 15; 950-1100 lbs.. $11.75©14.50; common and medium, 850 lbs. up, $8.50© 12.50; fed yearlings, good and choice, 750-950 lbs., $14.25; heifers, good and choice, 850 lbs. down, $10.50© 13; common and medium. $7.75©: 10.50: cows, good and choice, $7.50 © 9.50; common and medium, $6©:7.50; low cutter and cutter. SSO/6.25; good and choice, beef, $7.75(@9; cutter to medium. $6.75©8; vealers, milk fed, good and choice. [email protected]; medium, sß®9; cull and common, s6©.B; Stockers and feeders steers, good and choice, all weights, $9.75 <Si 11.25; common and medium. sß@lo. Sheep—Receipts, 15,000; very little done, talking 25c higher; indications bulk fat lambs, $9.50©>10; shorn. $8.65©'9; fat ewes, quotable $6 down; feeding lambs, nominal; lambs, good and choice, 92 lbs. down. $9.10©10.15; medium, $8©9.25; cull and common, $8®8.50; medium to choice, 92100 lbs. down, $8.25©9.85; ewes, medium to choice, 150 lbs. down, $4.75© 6; cull and common, $2.50©5: feeder lambs, good and choice, $8.50©9. Bu United Prc*s CINCINNATI, 0.. April 21—Hogs—Receipts, 3.000; holdovers, none; mostly steady with Saturday’s close or around 10c lower than Friday on butchers, 160 lbs. up; bulk good and choice, 160-230 lbs., $10.65; few around 235 lbs., $10.50: some 240-280 lbs., $10.25©;10.35; heavier weights, $lO dow r n; bulk 120-150 lbs., slo© 10.50; pigs, $9.25© 9.50; bulk sows, $8 ©8.50; few $8.75. Cattle—Receipts, 1,000; calves, 350; steers and heifers about steady with last week’s close or weak to 25c lower than last Monday; cows, bulls and other grades, steady; trade rather lifeless; best steers, $11.50© 12; medium to good around 700-lb. heifers, $11.50© 12.25; common kinds down to $9; beef cows, s7© 6.50: low cutters and cutters, $5.25©6.75; bulk bulls, $7(7/8.50; some Inquiry for stocker and feeder; vealers, uneven; choice, 50c©$l lower than Friday; top, $11: under grades mostly s6® 9. SheepReceipts. 150: market, active; steady: choice 40-50-lb. springers listed sls: 6070 lbs., around sl3 down; common kinds, $lO down: choice light ewes, 500; common sheep, 300 down, choice shorn lambs up to $9.25; undergrades, s6@B. Bu United Pros CLEVELAND. April 21.—Hogs—Receipts, 3.600; holdovers, 48; steadv to 10c higher; choice. 160-210 lbs., $10.75; 220-240 lbs., 510.50 down: 250-300 lbs., $10.25© 10.40; pigs. $10.25; rough sows. $8.50; stags. $6.50. Cattle—Receipts, 850: mostly steady; steers, slow; common to choice cows, $7 ©9.10: cutter grades. ss© 6.50; $lO to sll, common to medium sters and heifers, predominating in runs; scattering, $9.50® II .40. Calves—Receipts. 1.200; draggy mostly 50c lower; better grades, sl2® 12.50: few. sl3; medium. $10.50 down; culls, downward to $5. Sheep—Receipts. 3,100: lambs, steady to easier: bulk. sß®>9; few quotes. $9.25; medium. $7.50 down. By United Prr** FT WAYNE. Ind.. April 21.—Receipts, calves. 50: Hogs. 300: sheep, 50. Hog market, 10c higher; 900-110 lbs.. $9.30; 110-130 lbs.. $9.55; 130-150 lbs.. $9.80; 150160 lbs.. $10.05: 160-180 lbs.. $10.35; 180200 lbs., $10.45: 200-225 lbs.. $10.35: 225250 lbs., $10.25; 250-275 lbs., $10.10; 275300 lbs.. $9.90; 300-350 lbs.. $9.75: roughs, $8.25; stags, $6; calves, $11; lambs, $9. Bu United Prr** EAST BUFFALO. April 21.—Hogs—Receipts. 7.900: holdovers. 500; active to all Interests: weights above 160 lbs., 10© 20c: below Saturday's average, lighter weights about steady; bulk 160-280 lbs., $10.85; few, $10.90: 250-300 lbs.. $10.60© 10.75: 150 lbs. down, mostly $10.50; sows. $8.75© 9.25. Cattle—Receipts. 1.300; fed steers and \e* rlings. steady at last week’s close and mostly 25c under opening; good offerings, $12.50© 13.50: bulk medium and short fed. sll© 12.50: heifers. $10.50© 11.75; fat cows. $7.50© 8.50; cutter grades, $3.50© 6.25; calves, receipts. 1.600; holdovers. 400; choice shipping vealers. steadv after slow, weak; good to, choice. sl2© 13: common and medium. sß© 10. Sheep— Receipts. 5.200: lambs, active. 10© 25c higher; good to choice clippers. 90 lbs. down. s9© 9.25; some held higher: medium and strong weights, $8.50© 9; good woolsklns, $9.75. Bu United Prr** TOLEDO. April 21.—Hogs—Receipts b“0market steady to 10c h'gher: heavies. $9.75© 10; mediums. *lo© 10.25; pigs. *9 75 © L'.25. Cattle—teceip s. 50: market steady to 50c lower; ■alves. receipts, light, market steadv. Sheep—Receipts, light; market steady. Bu Time* snrrial LOUISVILLE. April 21.—Hogs—Receipts. 1.500: market. 10c lower; 300 lbs. up $8.75; 225-300 lbs.. $9.80; 165-225 lbs.. $10.40: 130165 lbs., $9.60: 130 lbs. down. $7.60; rough, $7.05; stags. $6.45. Cattle—Receipts, mu: market, steadv; prime heavy steers. sll© 12: heavy shipping steers. slo© 11; medium and plain steers. $8.50©!10; fat. heifers. sß© 11 50: good to choice cows. $6.50© 8.50 :medium to good cows. $5.50© 6.5 ft; cutters. 55©5.50; canners. $3.50© 4.50: bulls, s6©B; feeders. sß© 10.75 stockers, $7.50® 11. Calves—Receipts. 600; market, steadv: stops $9; good to choice. s7©9; medium to good, 15.50G7 outs, $5 down. Sheep— Receipts. 100; market, steady: fed ewes and wethers. *9© 9.50: buck lambs. sß©*.so: seconds. s6© 6.50; sheep. $4.50© 5.50. Saturdays and Sundays shipments— Cattle, nine; calves, 187; hogs, 543; sheep, none.
Business — and — Finance
A shipment of $10,000,000 in gold was n.ade from Rio de Janeiro on the steamship Western World, consigned by the Banco de Brazil to Dillon. Read A Cos., fiscal agents for the Brazilian government In the United States. Devonshire Investing Corporation reports grogs Income amounting to *200.327 during the 12 months ended March 31, 1930. Os this amount. *114,832 represented profit from sale of . securities after related fedrral tax. Net Income tu *185.889, or the equivalent of *5.47 per share based on the 34,000 shares of common stock now outstanding. This compares with gross income amounting to *192.178. and net income of *170.363. or the equivalent of *5.01 per share for the fiscal year ended Dec. 81. 1929. The liquidating value of the common stock on Maxch 31. 1930. was *52.14 aa compared with *46.72 on Dec. 31, 1929. Official figures received from a majority of the eightv-eight cities in the United States having a population of 100.000 or more, in a census of city paving being taken bv the Asphalt Institute, show that despite the industrial depression that existed last fall, the year 1922 -witnessed the construction of approximately 45.000,000 square yards, or about 4,400 miles of new city pavements of a higher type than waterbound macadam, an increase of about II per cent oyer 1927 and 1928. Tne returns *how also that a tremendous paved yardage is in prospect for 1930. most of the cities planning greatly expanded programs in accordance with the plan of President Hoover, the department of commerce. the municipalities and the construction Industries to afford work for the unemployed and “make prosperity permanent.’’ Rackliff A Cos., Inc., Is offering anew issue of 100,000 shares of class A preference and participating common stock of the International Bankstoeks Corporation. an investment company of the general management type, organized for the purpose of investing and reinvesting its funds in the stocks of the nation’s greatest banks and other leading financial institutions. The offering is priced at the market, about *16.30 per share. The authorized capitalization consists of 300,00 shares of class A preference and participating comon stock, and 200,000 shares class B voting common stock. Rail revenues from automobile shipments, exclusive of unfinished materials, according to Interstate Commerce Commission reports, rose sharply during 1929, as reported by J. S. Marvin, chairman of a meeting here of Traffic Managers, members of the National Automobile Chamber of Commerce. Anew formula for regulating tin production. consolidating all existing methods of restriction, was adopted unanimously at a meeting of the Tin Producers Association in London. The formula presents a method by which all plants will be regulated to produce in the calendar year J 930 the equivalent of not more than 80 per cent of their aggregate outputs in J 929. George H. Burr, head of George H. Burr & Cos., investment bankers, was elected a director of the Lambert Company at the annual meeting of stockholders. Other directors were re-elected.
SUSPECT IS NABBED Charged With Robbery of Indiana Bank. The second of two men suspected as having fobbed a Jasper (Ind.) bank of $2,400 on March 10, was under arrest today, and steps were being taken to extradite both and bring them to Indiana for trial. Monte Christ has been arrested in Decatur. 111., and identified as one of the two men, E. L. Osborn, chief of the state bureau of investigation and identification, reported today. Clint Brooks, the other suspect, Is under arrest in Mattoon, 111, Births Girls Lester and Ruth Dormer. 530 Lincoln. Albert and Mary Kingery. 1239 South Sheffield. Herman and Esther Knarzer, Christian hospital. Bovs Roy and Mabel Riley. 430 South Emerson. William and Mary' Coe. 6037 Rawles. Virgil and Bessie Maxwell, 2619 Bellfontaine. Willie and Hollena Butrum, 512 Birch. Deaths Louise M. Mills, 73, 227 Pennway, carcinoma. Irene Marie La Forge, 33. St. Vincent’s hospital, hypostatic pneumonia. Harvey Williams, 26, 1341 North Capitol, acute cerebitis. Sarah Baruch. 72. 1010 South Capitol, chronic myocarditis. John J. Stout. 50. Central Indiana hospital. genera! paralysis Infant Walker, 1 day, Coleman hospital. atelectasis. Balser Fox. 76. 6059 North Ashland, myocarditis. Marion B. Darnell. 62, Long hospital, asthma and bronchitis. Ruth Vena Clifford. 24, Christian hospital, typhoid fever. Essie Quillen. 53, Coleman hospital, broncho pneumonia. Noble McClain. 29, Long hospital, accidental. William Lucid. 28. city hospital, cerebrospinal meningitis. Erick Viergus, 37. 2160 Barth, duodenal ulcer. Robert W. Wilson, 64, 2933 MacPherson. chronic nephritis. Russell Vern Merchent. 36. Methodist hospital, chronic myocarditis. Rudolph,Krening, 81. 2007 North Capitol. acute dilatation of heart. Fredrick: Lewis Trefz. 31, 1146 Evison, broncho pneumonia. Helen E. Somers. 29. St. Vincent's hospital, peritonitis. Madeline Brennen, 61, 2112 North Delaware. arteriosclerosis. Dorothy Lucile Meunier. 25, 3443 North Illinois, general tuberculosis. Roscoe Doyle. 62, city hospital, broncho pneumonia. Ethel Lee Maher, 39. 1714 North Delaware. lobar pneumonia. William S. Grealich. 67. 35 South Tremont. apoplexy. Laura Hull, 56. citv hospital, diabetes mellitus. Mary Clare McGuire. 74. 921 Woodlawn. oedema of lungs. Allison O. Cash. 78. Christian hospital, arteriosclerosis. Andrew York. 66. 4360 Baltimore, apoplexv. John R. Smith. 55. Douglas and North, acute cardiac dilatation. Arlis Stogsdill. 5. city hospital, cerebrospinal meningitis. Arthur P. B r i<rM. 42. Methodist hospital, broncl*o pneumonia. Lockle Gertruae Clovd, 41. 1609 Centennial, acute cardiac dilatation. Edward Henry Peterman. 52. St. Vincent's hospital, abscess on spleen.
Other Livestock Bu T'nitrd Prr** PITTSBURGH, Pa.. April 21— Hogs-Rc-ceipts. 3.500: market, weak' to 10c lower; 150-230 lb?.. $10.85© 40.90: few soiled. $11: 240-300 lbs., mostlr $10.25© 10.75: 100-130 lbs.. $10.25© 10.50: sows. $8,504/11. Cattle—Receipts. 1.100: market, mostly 25c lower; better grade cows and bulls, steadv: bulk steers. slo© 12.50: bulk at cows. $6.50 ©8.50: few heifers. s7.© 10.50: most bulls. $7.50© 9. Calves—Receipts. 1.200: market. 50c lower: top vealers. sl2. Sheep—Receipts. 3.000: market, steady to 25e higher: clipped lambs. $8©9.25; springers. $12©15: shorn aged wethers. $5©5.50. Bu T'nitrd Prr** EAST ST. LOUIS. 111.. April 21.—Hogs— Receipts. 15.500: market, stesdv to 10c higher' bulk. 160-220 ibs.. $10.35© 111.50: top. sllo' 250-300 lbs.. $10.10©25; sows. $8.90© 9. Cattle—Receipts. 2.500: calves, receipts. 1.800; market, bidding about steadv on steers: asking higher on mixed vearlings and heifers, under 660 pounds strong to 25c higher: others steady, cows, strong to mostly 35c higher: bulls, steadv: vealers, steadv to 25c lower at $11.25. Sheep—Receipt*. 1.500: market, opening sales, clipped lambs to citv butchers, strong to 25c higher: top. $9©9.25: Indication. strcDe on others. Files Bankruptcy Plea A voluntary bankruptcy petition was filed in federal court today by William C. Tutherow, merchant of Hdlmsburg. Ind. He lists his liabilities at SIO,OOO and his assets at *7,487.
GRAIN MARKET SELLS OFF ON CROPREPORTS General Rains Are Excuse for Sales Pressure; Corn Up. Bv United Prr> CHICAGO, April 21. Wheat opened steady to fractionally lower on the Board of Trade today on scattered selling due to the fairly general rains over the belt over the week-end. Pressure was slight and there were a few buying orders, but the market on the whole was very quiet at the start. Buenos Aires weakened suddenly and fell 1 cent before noon. Com was about steady and oats uneven. At the opening wheat was unchanged to % cent lower, com was unchanged to % cent higher. Provisions were steady. Liverpool was closed today, but Buenos Aires opened unchanged. About all parts of the grain belt except southwestern Kansas received moisture over the week-end. This section, which is a heavy wheat grower, is still dry. The bears argue that prospects of a reduced output there are offset by the large ea ryover and bumper crops elsev\ here. Temperatures were much lower in Canada, and freezing in northern Kansas and some other parts of the belt is predictfd for tonight. The recent strength in May com is considered bullish as the trade is inclined to get out of that month with the first delivery day only nine sessions away. The stocks here have been depleted since the opening of navigation. Field work is practically at a standstill, due to the heavy rains. Tlte new crop of oats is progressing well under favorable conditions, the rains being very beneficial. It is several weeks ahead of last year at the present time.
Chicago Grain Table —April 21 WHEW.T— Prev. High. Low 12:09 Close. Mav 1.05% 1.04% 1.04% 1.05% July 1.06% 1.05% 1.06% 1.06% Sept 1.09% 1.08% 1.09% 1.09% Dec 1.13% 1.12% 1.13% 1.12® CORN— Mav 83% .82% .83 83% July 85% 84% .84% .84% Sept 86 .85% .85% .85% Dec 80 % .80% .80% .80% OATS— May 42% .42% .42% .42% July 43% .43 .43% 43% Sept 42 .41% .42 .42 RYE— May 61 .60 . 60% .61% July 67 Vi .66% .67 .67% Sept 71% .70% .71>/ .72 LARD— May 10.27 10.25 10.27 10.30 July 10.50 10.52 Sept 10.72 10.70 10.72 10.72 Bv Times Bperial CHICAGO. April 21.—Carlots: Wheat 11, corn 203, oats 61, rye 0, and barley 12.
Produce Markets
Eggs (country run)—Loss off. delivered In Indianapolis. 21c: henerj quality. No. 1 24c: No. 2. 21c. Poultry (Duylng prices)—Hens, weighing 4% lbs. or over, 2fc; under 4% lbs.. 21c; Leghorn hens, lac; springers, 4 lbs., or over. 21c; under 4% lbs., 21c: Broilers. 1930. 28c: old cocks. 12® 15c; ducks, lull feathered, fat. whites, 12c: geese. 10c. These prices are for No. 1 top quality, auoted bv Klngan <sr Cos. Butter (wholesalei—No. 1, 42®43c; No. 2. 40®41c, Butterfat—4oc. Cheese (wholesale selling price per pound)—American loaf. 31c: pimento loaf. 33c*. Wisconsin firsts. 27c; Longhorns. 34c; New York limberger. 36c. Bv United Press ’CHICAGO. April 21.—Eggs—Market, easier; receipts. 48.860 cases; extra firsts. 24%®.25c; firsts. 24*24%c; ordinaries. 23c; seconds, 21%c. Butter—Market, easier: receipts. 11.762 tubs: extras. 37%c: extra firsts. 36%*37c: firsts. 34%*35!c; seconds, 31® 33c; standards. 376 c. Poultry—Market, steady: receipts, 2 cars; fowls. 25c; springers. 30c; Leghorn. 23c; ducks, 22* 23c; geese. 15c; turkeys. 30c; roosters. l4o; broilers. 36* 38c. Cheese—Twins. 18%* 19c: young Americas. 20c. Potatoes—On track, 332: arrivals. 146: shipments. 613: market, stronger; Wisconsin sacked Round Whites. $2.90*3.10; Minnesota sacked Round Whites. $2.80*2.85; Idaho sacked Russets. $3.75*3.90; Texas sacked Bliss Triumphs, $4.20*4.35. Bv United Press CINCINNATI. April I.—Butter, steady; creamery in tub lots, according to score, 39*40c; common score discounted. 2*.3c: packing stock No. 1,27 c; No. 2,22 c; No. 3.17 c; butterfat. 36*39c. Eggs—Lower; cases included; fresh gathered. 23 %c; firsts. 23c; seconds. 21c; nearby ungraded. 23c; duck eggs. 23%c; goose. 40c. Live poultry—Thin and coarse stock sells only at heavy discount; fowls, 3 lbs. and over, 23c: 4 lbs. and over. 24c; 3 lbs. and over, 24c; Leghorns, 3 lbs. and over 21%; roosters. I4c; 1930 broilers, over 2 lbs., 42c: colored broilers. 1% lbs. and over. 36c; 1% lbs. and over, 30c; Leghorn and Orpington broilers. 1% lbs. and over, 35c; 1% lbs. and over. 26c: broilers, pertly feathered. 24®27c: black springers. 24c. Bv United Press CLEVELAND. April 21.—Butter—Extras. 40%c; extra firsts. 41 %c. Eggs—Extras. 26c: firsts. 25c. Poultry—No market today. Potatoes—Maine Green Mt., *4 per 100-lb. sack; Idaho Russet, *4.25*4.65 per 100-lb. sack.
Local Wagon Wheat
Citv grain elevators are paying 98c for No. 2 red wheat and 92c for No. 3 hard wheat. DRY POLL ATTACKED BY METHODIST BOARD Charges Nearly Half of Votes Cast In Wet Strongholds. Bu T’nitrd Prr** WASHINGTON. April 21.—The prohibition poll of the Lite ran - Digest, showing predominantly wet results, is attacked in a statement here by the Methodist board of temperance, prohibition and public morals. The board charged nearly half the votes have been cast in anti-prohibition strongholds. The statement quoted Floyd Neff, Philadelphia mathematician, as saying 47.91 per cent of the votes in the magazine's poll of wet and dry sentiment were cast in New York, Pennsylvania. New Jersey, Illinois and Connecticut. These states, he said, have 28.56 per cent of the nation’s population. Neff was quoted further as saying that the five "dry” states of Texas. North Carolina. Oklahoma. Tennessee and Georgia cast only 3.30 per cent of the votes ir. the poll, although having 13.79 per cent of the country’s people. Bandit Slain Bu United Prr** TERRE HAUTE. Ind.. April 21. An unidentified oil station bandit was killed by Ivan Stearley, attendant, today, and Stearley believes he wounded a companion in the holdup as he abandoned an automobile and escaped on foot. The holdup occurred about 1 this morning.
The City in Brief
TUESDAY EVENTS Rotary Club luncheon, Cluj pool. Gyro Club luncheon, Splnk-Arms. Aercator Club luncheon, Colombia Club. Purchasing Agents Association luncheon. Seyertn. Indianapolis Architectural Club, luncheon. Y. M. C. A. Universal Club luncheon, Colombia Club. Phi Gamma Delta luncheon. Chamber of Commerce. University of Michigan alumni luneheon. Lincoln, North Side Exchange Club luncheon. 3810 College avenue. Alliance Francisae Luncheon. SpinkArms. Indianapolis Republican Veteran* luncheon. Board of Trade. Indianapolis Medical Society meeting Athenaeum. 8:15 p. m. Young Democrats Club, meeting. Lincoln. 7:39 p. m Indiana Indorsers of Photoplays convention. Ctaypool. First of a scries of classes in a leadership training course for teachers of adolescents will be held at the Chamber of Commerce at 7:30 tonight under direction of F. O. Belzer, Boy Scout executive, sponsor of the course. Dr. G. Bromley Oxnam, president of De Pauw university, will speak at the weekly luncheon of the Indianapolis Rotary Club Tuesday in the Claypool on “The New Patriotism.” Members of the Advertising Club of Indianapolis will hear a talk by Martin L. Pierce, educational director of the Hoover Company of Canton, 0.. at their Thursday luncheon in the Columbia Club. Asa J. Smith, candidate for the Republican nomination for seventh district representative, was recommended as a man who would lead the G. O. P. to victory in the fall by Ralph B. Gregg in a radio talk Saturday night from station WFBM. Meeting at 8:15 Tuesday evening at the Athenaeum, the Indianapolis Hedical Society will hear papers by Drs. H. H. Wheeler and C. D. Humes and discussions by Drs. J. W. Ricketts and Max Bahr. Senior League Dramatic Club of St. John’s Evangelical church, Sanders and Leonard streets, will present the three-act comedy, “Welcome to the Old Home Town,” at 8 Thursday night in the church. Albert H. Gisler of Kothe, Wells & Bauer will address the Universal Club on “Changing Trends of Business Today,” at the Columbia Club Tuesday noon. Members of the Meridian Heights Presbyterian church will give a farewell reception for the Rev. Thomas R. White, pastor of the church for the last ten years, Tuesday night. The Rev. Mr. White resigned his pastorate to resume student pastor work with the board of religious education of the Presbyterian church. First prize in the high school division of the seventh annual state poster contest on safety was awarded Geraldine Emley, Huntington. Margaret Coverdale, Shortridge. was second, and Doris Avery, Martinsville. third, in the contest sponsored by the Indiana State Parent-Teach-er Association. Legislative candidates will speak at the meeting of the Irvington Democratic Club Wednesday night at Carr's hall, 5436 East Washington street. The club has held meetings for judicial and administrative candidates.
SERVICES HELD FOR LOUIS W. HELLMAN Oldest Member of Red Men Lodge Dies of Pneumonia. Funeral services were held at 2 p. m. today for Louis W. Heilman, 81, native of Germany, said to hate been Indiana’s oldest member of Improved Order of Red Men. who died of pneumonia Saturday at his home, 1114 North Bevilie avenue. He was a member of the lodge fifty years. Survivors are the widow, Mrs Deaana Gerden Heilman; a son, Carl Heilman, and a sister, all 01 this city. Burial was in Memorial park cemetery. BATTLES OUSTER SUIT Hamilton County Truster Files for Temporary Injunrtion. Suit by Ingle R. Harris, trustee of Adams township, Hamilton county, for a temporary injunction to prevent the state board of accounts and a group of Hamilton county men from ousting him from his position has been filed before Marion Superior Judge James M. Leathers. Defendants are Lawrence F. Orr chief examiner of the board of accounts; Archie N. Bobbitt, state auditor; Governor Harry G. Leslie Emmett R. Fertig, Noblesvillle. prosecutor for the Twenty-fourth judicial circuit, and seven residents of Adams township. Grocer Robbed of S2OO By T'nii-d Prr** BLOOMINGTON. Ind., April 21Two men attacked Martin Kleindorfer, 67, Bloomington grocer, as he was passing through the back yard of his home Saturday night and robbed him of S2OO. Kleindorfer suffered a scalp wound and briused jaw.
James T. Hamill & Company BROKERS Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated • York Curb 203 Continental Bank Bldg. Tel., Riley 5493 Riley 5494
We Make REAL ESTATE FIRST MORTGAGE LOANS FARMERS TRUST COMPANY 150 East Market Street Riley 4AM
PAGE 13
CITIES SERVICE SHOWS GAIN IN ANNUALJREPORT Number of Shareholders Is Among Largest Lists in Country. Bv United NEW YORK. April 21.—The Cities Sendee Corporation joined the ranks of the billion dollar corporations during 1929, it was revealed today when the company’s annual report w r as made public. All records for earnings and expansion activities in the history of the organization were shattered during the year. Total assets of the huge public utility enterprise at the end of 1929. amounted to $1,090,227,318, an increase of more than $176,000,000 over 1928. Earnings Increase Consolidated net earnings of the organization and its various subsidiaries were $69,734,315, an increase of $5,680,000. Gross earnings were $185,851,053 compared with $167,255,673. The number of security holders in the Cities Service Company and its subsidiaries rose from 450,000 to 750.000, the largest list in the country, and the year also witnessed a spectacular growth in number of holders of the company’s common stock, who now total 359,000 as compared with 122,000 a year ago and 5,000 ten years ago. Rates Reduced The far flung public utility subsidiaries of the company showed the largest earnings in the history of the company. Gross earnings of Cities Service from that division increased over the previous year by 37 per cent. This increase was achieved in the face of voluntary reductions in electric charges and sales of electric power output show’ed an increase of 11 per cent. THREE CITY STORES RAIDED BY BURGLARS Two Groceries, Pharmacy Visited by Thieves: Check on Loot. Police today were checking with managers of two groceries and a pharmacy visited by burglars Sunday night, in effort to ascertain loss In the robberies and seeking clews to the thieves. Cutting a hole through a wall from a vacant storeroom next door, burglars entered a Kroger grocery at 4603 College avenue. Morris Seng, 4023 Sutherland avenue, manager, was unable to tell what was taker. From the grocery the thieves cut their way through another wall into a pharmacy at 4601 College avenue. Candy and other merchandise, value unestimated, were taken, according to R. W. Bowser, 4202 Central avenue, manager. A Standard grocery at 2302 Columbia avenue alsn was entered, according to Walter E. Haas, R. R. 10, Box 446, manager.
HITS POLITICAL BOSSES John Willis, Sheriff Candidate, Makes Speech to Negro Ministers. Opposition to political machines “which are boss controlled and use public office only as a dumping ground for their henchmen,” was voiced by John Willis, candidate for the Republican nomination for ( sheriff in a speech this afternoon at a meeting of the Colored Ministers Alliance of Indianapolis. Willis pledged himself to eliminate at least one-third of the present expense for operating the sheriff’s office. KANE TO MAKE SPEECH League Chairman to Launch At. tack on Coffin in Address. Importance of the reorganization | of the Republican party machinery !at the county convention on May 10 m order to free the party “from Cofflnism and boss control'’ and the need to get out a heavy vote on May 6 will be stressed in a talk by Ralph Kane, chairman of the Citizens Republican League, at a rally to be held Wednesday on the top floor of the Knights of Pythias building. _
FREE FOR THE ASKING To acquaint you with the value of our unbiased investment service (price only SIO.OO yearly) we offer you free the April 23rd Financial World . Profit by these notable features: — Outlook for Railroad Stocks An Outstanding Tobacco Security Five Low Priced Dividend Payers Five Oood-Vielding Preferreds What Are International Harvester’s Actual Earnings? Don’t bother to write a letter. Simply return this “ad” with your address to secure the above and our “Sound Investment Rules”—both free. ty/u FinancialWoeld America's Investment Weekly Louis Gutmher, Pub'nker Efttabiui&ed 1902 53-Ql Park Place New York
