Indianapolis Times, Volume 41, Number 304, Indianapolis, Marion County, 1 May 1930 — Page 17

MAY % 1930-

STOCK MARKET CLOSES LOWER ON BEAR SALES United States Steel, Rails Are Weak Points in Late Slump.

Average Stock Prices

Average of thirty industrials for Wednesday uas 279 23. up .08 Average of twenty Tails was 145.08. uo .10. Average of twenty utilities was 105.15. up 1.10. Average of forty bonds was 94 87. up .10. flu I nitrd Press NEW YORK, May I.—May day was a field day for the bears in the stock market and they hammered down stocks—best issues making the mast severe declines. United States Steel broke through 180 and regained only a small part of its loss. Other leading industrials met equal pressure, while rails were demoralized in the liquidation. A discouraging factor was that trading increased in volume indicating liquidation was in progress. The fact that the Morgan stocks, Steel, United Corporation and the Van Sweringen rails, were under pressure had a bad influence. For a time it was believed that Steel selling was coming from those close to the management. Later it was reported that the unloading was for the account of a prominent British capitalist. Close Is Weak Rumors were thick. Bulls turned bearish, but did not go short of the market. Many of the shorts were bearish as ever, but they covered short lines on the lows and this buying was responsible for a rally just before the close. Steel common did not hold the recovery, however. One unconfirmed story in the street was that the banking group which had taken large blocks of Steel in the autumn break was still liquidating. Several weeks ago it was announced by the J. P. Morgan offices that the banking group had sold all its stock taken during the break. Southern railway broke to anew low since 1925 at 101 'k, off 3% from the previous close. Erie made anew low for the year below 48 and wide declines took place in Missouri-Kansas-Texas, Alleghany Corporation, New Haven, Canadian Pacific and Baltimore & Ohio. Oils React With United States Steel down more than 3 points leading industrials gave ground 1 to 3 points. Radio Corporation eased off below the previous close. Amusements went down with the general list as did electrical equipments, and special issues, notably J. I. Case which at one time was down 15 points at 330. Oils reacted, the leaders of the last few days suffering most severely. Standard of New Jersey broke more than 2 points and Standard of New York more than a point. Call money held at 4 per cent all day. Time money rates eased off. Bankers’ acceptance rates were reduced.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bans clearings Thursday, May 1. $3,899,000: debits, $6,675,000. CHICAGO STATEMENT Bv rnitrd Pres* CHICAGO, May I.—Bank clearings, $127,100,000: balances. $5,800,000. NEW YORK STATEMENT B’r f’u itat Prrss _ , , NEW YORK, Mav I.—Bank clearings. *1.765.000.000: clearing house balance *177.000.000: Federal Reserve bank credit balance. $173,000,000. TREASURY STATEMENT % B’l I'nitrd Press m WASHINGTON, Mav I.—The treasury net balance on April 29. was $110.519,939.92: customs receipts for the month to that date were *39.975.574.08. Expenditures on April 29. were $4.466.838.77. Other Livestock B</ Pnitrit Press . TOLEDO 0.. May 1— Hogs— Receipts 750' market steady; heavies, $9.50'u9.65; mediums. $9.85010: Yorkers. $9.25(0 9.7a; pigs. $9(09.50. Cattle—Receipts, light; market, steady. Calves—Receipts, light: market, steady. Sheep—Receipts, light; market, steady. Marriage Licenses Elza Johnson. 32. of Noblesville. butcher, and Marv E. Forrest, 28. of 1244 North Illinois, stenographer. Richard McGrievev. 23. of Cadle Tabernacle. dancer, and Hilma E. Nelson. 22. of Cadle tabernacle, dancer. Edwin Pavne. 45. of Westport, farmer, and Maude Lowe, 61. of 350 North AddiS °Thomas H. De Hart. 22. of R. R 8 Box 404. clerk, and Katherine F Vorhies, 21. of 3433 Orchard, stenographer. Births Boys Ezekiel and Parale Moore. 711 North and Came Green. 1108 North Beland Rubv Cornett. 1039 Harlan. Gord and Pink Spradlin, 2306 North Henry and Alma Lookebill. 233 Hanson. Owen and Temple Patterson. 1626 Wilcox. Isaiah and Annie Hill. 930 South Meikel. Bennett an Clara Wyon. 1626 South Villa. Thomas ' Marv Courtney. 4892 Riverfiv. Lawrence and Mary Cain. 1217 North Colorado. Harvey and Justine Clark. Methodist and Anna Schlotz. 1109 Gross. Girls Ivelton and Verona McDougle. 2305 Indianapolis. Joseph and Eva Green. 1633 Draper. Fred and Clara Nichols. 3236 Graceland. Clarence and Genevieve Weaver. Methodist hospital. Charles and Lorene Meyer, Methodist k°i?oward and Corrine Hill. Methodist hosP ‘Clarence and Isabelle Jackley. Methodist hospital. . _ , Leo and Marv Wuensch. 554 Parker. Patrick and Ora Fitzpatrick. 249 Terrace. Deaths - Carev Mclnown. 63. Christian hospital, tuberculosis. Rov Elijah Dougherty. 37. city hospital, pulmonary tuberculosis. Dorothy Aon Martin. 9 city hospital, acute cardiac dilatation. Charlotte Hancock, 54, Methodist hospital. brain tumor. Mamie 'Woods, 57, 2457 Wheeler, lobar pneumonia. Alice U. Sherman. 70, 2022 North Pennsylvania. diabetes mellitus. Kate O'Donnell. 61. 704 Day. lethargic encephalitis. Sophia Wolf. 77. city hospital, cerebral hemorrhage. Anna Louise Isenfiamm. 74. 1045 East Ohio, diabetes mellitus John Sawver. 60. city hospital, accidental Plovd Weathers. 24. city hospital, cerebro spinal meningitis. Building Permits T. W. Karstedt, dwelling. 4040 Bowman. *3 000 O. J. Lockhart, dwelling and garage, $764 East Tenth. $5,200. George Klnbrew. repairs, 1114 West Twenty-seventh. $730. a Albert Davis, garage. 1245 West Twenty- ■ sixth. $350. E. O. Butske. garage. 2164 Harding. $290. Joseph Cummings, dwelling. 1250 Markn wood. s3jßo | j. W. Rhodes, garage, 3212 North Gale, * (250. I Helen Armstrong, garage. 1202 North Os- % ford. *3OO. L E. Tanee. reroof. 314$ Shelby. *2OO. H Mas KaU. reroof. 934 Union. $240. r. J. Dynes, dwelling and garage, 1301 North De Quincy. *II.OOO. E G. Bauer & Son. dwelling and garage, 1C North Bolton, *3,550.

New York Stocks

—Mav 1— Railroad*— Prev. High. Low. 12:00. close. Atchison 225 1 a 225 225 223a Atl Coast Line 189 Balt Si Ohio ...114 113*/i Hi 11314 Chesa & 0hi0... 215 Chesa Corp 71 Vi 70li Chi Grt West 14% 15% Chi N West 81 Ja C R I Sc, P 112% Del L & W ” 129*4 128% Erie 51’* 5i % 51’* 51% Gulf Mob St Oil. 35 34 35 Illinois Central 132 132 Kan City So ... .. ... ... 76 Lou Si Nash 135 ‘2 Minn S L IV4 . • M K & T 57 55 Vi 57 56 Mo Pacific 88 86 N Y Central 176 174 NY NH & H 113'a 111% Nor Pacific 83 Norfolk Sc West 241 244 O & W 13% Pcre Mara ..... .. 145 ... Pennsylvania ... 79*4 78% 79! 78% Reading 113% Seaboard Air L ... 10% Southern Ry ...106% iOSVa 105'* 105 St Paul 21% St Paul nfd 36 35% 30% 35% St L& S P.... 115 114% 114% 114 Union Pacific ...227% 228% 226% 225% Wabash • 53 W Maryland ... 28% 28 West Pacific 24 Equipment*— Am Car Si Fdv 5a % Am Locomotive. . ... 70% 70% Am Steel Fd.... 45% 45 45 45 Am Air Brake S *7 46,-8 Oen Am Tank ..108’,* 107% 108% 107% General Elec ... 88 87 87 86% Gen Rv Signal.. . ... 92 90% Lima Loco 37 38% 37 36,2 Man Ei Sup 55 54 55 55 Press Stl Car 10% 10% Pullman ... ••• , 79 Westingh Ar 8... 45 44 44 2 45 Westingh Elec ..187 186 186% 185% Rubbers— Firestone ••• 24% Fisk 4 3% 4 3% Goodrich 42 41 41 40 Goodyear 82 80% 80% 81 Kelly Spgfld ... ... ... 5 4% U S Rubber 29 4 29 29% 29% Auburn ......... .. •••.. 232 Chrysler 36 35% 35% 36 Gardner 4% ... Graham Paige .. 10 9% 9% 9% General Motors. 47% 46% 47 46% Hudson 45% 45% 45 % 45% Hupp •• 20'/* ... Mack 76% 76% 76 V* 76% Marmon 23V* 23% 23% 23% Nash 46% 46 46 45% Packard 18% 18% 18% 18% Pierce-Arrow 27% Reo • - .• • 11 % lj% Studebaker .... 39% 37% 37% 36 Yellow Truck... 30 29% 29% 28% Motor Access— Am Bosch ... ... 40 Bendix Aviation 44% 44 44 44 Borg Warner .. 41 40% 40% 41 Briggs 21 Vi 21 21 20% Eaton 29 Vi 29 29% 29 Vi Ei Storage B 73% ... Haves Body .... 14% 14 14 14 Houda .. 21 Motor Wheel .. .. ~ 27% Stewart Warner .. . 29% 29% Timken Roll .... 82% 82% 82% 83% Mining— Am Metals , ... ... , 42 Am Smelt 68% 68% 68% 68 % Anaconda Cop.. 60% 59% 60% 60 Cal & Hecla ... 18% 18% 18% 18% C'.rro de Pasco. 54 53 53 52% Dome Mines 8% ... Freport Texas.. 50% 50% 50% 50 Granby Corp.... 34 33% 33% 33% Great Nor Ore. .. .. 21 20% Howe Sound ... 30% 30% 30% 38% Int Nickel 35% 35 35 34% Inspiration ... 18% 18% 18% 18% Kennecott Cop. 45% 45 45% 45 Vi Magma Cop .... 33% 33% 33% 34 Miami Copper .. 20% 19% 20 20% Nev Cons 20% 19% 20 20% Texas Gul Sul.. 61 60% 60% 60% U S Smelt 29% ... Oils— Amerada 28% 28% 28% 28% Am Republic .. .. 30 Atl Refining 45% 45% 45% 45 Barnsdall 30% 30 30 30 Beacon 20 Houston 110 109% 109% 108% Ind Oil ... 27% 27% Indiana Refining. 21% 21% 21V* 21% Logo Oil ... 24% Mex Sbd 35 34% 35 34% Mid Conti ..... 31% 30 31% 31% Pan-Amer B 63 62% 62 5 . 63 Phillips 43% 43V* 43*2 44Vi Pr Oil & Gas 48% ... Pure Oil 25% 25% Richfield 25% 25% 25% 25% Royal Dutch.... 55% 55 55 55 Shell Un 24 % 24 24 Vi 24% Simms Pt • ■ Sinclair 29% 29% 297-i 29 Skellv 38% 38** 38'-* 39,4 Standard of Cal 74% <4% 74% 74 Standard of NJ 84 82% 83 Ba% Standard of NY 40 39% 39% 39% Texas Cos 60% 59'/* 60'/* 58 1 | Union Oil 47 % Stfpls— , Am Roll Mills.. 81 79% 79% 83 Bethlehem 100 99% 99* 99 Bvers A M 106% 105V* 105% 105% Colo Fuel 63% 64% Cruc Steel ••• 8 Inland 9°,. Ludlum "*•' Repub I& S 66% 64% 64% 64% U S Steel 183% 182% 132% 183 Vanadium 13338 130V* 131 133* Youngst S & 38*4 Am Sumatra 13% 13 Am Tob <8....148% 147% 148% 249 Con Cigars 48 4 General Cigar.. .. ... 5a% 55,4 iHk&r”.-.-" k -h •* n. mLiouTnit*.* sis 'sa*i 'shi 52;! United Cig 6 % ... Ac® ms Exp 32% 32% 32% 32V* Am For Pwr ... 92 91% 91% 92 2 Am Pwr & Li. ..113 112 1 * 113 112*4 A T T 250% 249=, 250’s 248’* Col Gas St E 1... 82% 82% 82% 82% Com <& Sou .... 18’* 18% 18% 18% El Pwr & Li.... 96'* 95% 96V* 95 Gen Gas A 16*2 16 16 15 ,s Inti TANARUS& T .... 75% 74% 74% 75 Natl Pwr & Li... 55 54% 55 54% No Amer Cos 123 122% Pac Gas At El ... 70 69% Pub Ser N J ...117% 116% 117 116% So Cal Edison.. 68% 68% Std G & El 122% 122 122% 120% United Corn .... 50 49Vs 49% 51% Ut Pwr & L A 44% 44 West Union 179% 177% 179% 175 Shiopine— Am Inti Corp 47% Inti Mer M pfd. .. ... ... 28% Foods— Am Sug ....... .. ... ... 63 Armour A 6% Cal Pkg 72 72 Can Dry ... 64% 64% Childs Cos 66% 64% 66% 65% Coca Cola ... 177 Cont Baking A 31V* Corn Prod 105% 105 Cudahy Pkg ... 42 Cuban Am Sug 7 ... Gen Foods 61 60% 60% 60% Grand Union ... .17 17 Hersey ....104% 104 104 102% .Towel Tea 65 63% 63% 66% : Kroger 33% 33% 33% 32 Nat Biscuit 86% PiUsburv . . ■ • • 90^4 Safeway St 92% 91% 91% ... Std Brands 25 24V* Ward Bkg H Cosine” 29% 29% 29% 29% Lambert Cos ••• to? Lehn &: Fink ... 31 Industrials— _ ~ Am Radiator... 34’* 34% 84 s * 34 Bush Terms ... • , 41% Certainteed 11% 11 IJ% 10% Gen Asphalt 61’s 61% 61’* 60% Otis Eiev 73 72V4 Indus Chems— __ Allied Chem ...-326 325 326 325 Com Solv 32% 31% 31'* 32% Ttnion Carb 90% 88 88 89% |U § Ind Alco ... 89% 89% 89% 89% Retail Stores— Asoc Drv Gds 45% 44% Gimbe! Bros 17V* 17%

On Commission Row

FRUITS Apples—Basket: Baldwin. *2®2.50: Stayman. *203; Winesaps. *3.25: Northern Spv. *2.25: Ben Davis. *2.25; Boxes: Delicious. $404.25: Stayman, *3(83.35; tvinesap, $2.75(83 25. Barrels: Baldwin. BenDavls. *5.50; Winesaos. *i@ 8.50. Grapefruit—Florida. *607 a crate. Grapes—California. Emperor, kegs. *6.50. Lemons—Fancy California. *5.7506.50; imported. Messina. $505.50. Limes—Florida. *2.5003 a 100; Dominican. *3. __ _ ... Oranges—Florida. *6(38.50: California, naval. *509 a crate; Valencia, *6.2508 a crate. Pineapples—Cuban, *5. Strawberries—Louisiana, 24-pint crate. $5?5f5.50; Alabama. 24-pint crate. *B. Pears—Avocado, California, *7 a dozen; D'Anjou, *4.7565 a box. VEGETABLES Artichokes—California. *1.2501.75 a dozen. Asparagus—California and Georgia. 45c a bunch. $3.5004 a case. Beans—Texas stringless. 14.5005.50 a hamper. * Beets—Texas, new, *3.5004 a crate; Indiana, *2 a bushel. Cabbage—Texas, new, 808’ic a pound. Carrots—California. *3.7504 a crate; Texas. *3; Indiana. *1 a bushel. Cauliflower—Western. $2.2502 40 a crate. Celery—Florida. *4.2504.75 a crate. Cucumbers Hothouse, *1.8502.35 a ! dozen. Eggplant—Southern. $1.2562 a dozen. Kale—Eastern. *1.75 a bushel. Lettuce —California. Iceberg. *3.50 a crate: hothouse. *I.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. 60c dozen: new Texas yellow Bermuda. *3.50 a crate. Parsley—Southern. 50c dozen bunches. Parsnips—lndiana. *1.35 a bushel. Peas—California, *5 a crate. Peppers—Florida. *6.50 a crate. Radishes—Hothouse, buttons. 85e dozen bunches; southern long red. 35c; Arkansas. three dozen bunches. $1.50. Rhubarb— Hothouse. 5-pound bunch. *1; California. 40-pound box. *3.50. Spinach—Texas. *1.25 a bushel. Tomatoes—Florida. *506 a crate; Mexican. 10-pound box. $2. Turnips—lndiana. (3: new. (4. Potatoes—Michigan round whites. (59 525 a 150-pound bag: Colorado Russets. *4.50 a 100-pound bag; Red River Early Ohio*. *4O 4-25 a 120-pound bag; new Florida Cobbler. *3 a 50-pound hamper: Texas. *6 a 100-pound bag. Sweet Potatoes— Tennessee, $3.25; Louisiana Golden Glow, (3.75. L

’(By Thomson St McKinnon)”

Kresge S 8 31% 31% 31% 31% May D Store .. 54% 54% Mont Ward .... 45 44 44% 43’* Penny J C 71% 71% 71% 72 Bchuite Ret St . 9’* Sears Roe 87% 87 87% 87% Woolworth 65% 65% 65% 65% Amanfmcnts— Bruns Balke 19% Col Graph 34 32% 32% 33% Crosley Radio .... Saatman Kod ..252 248 249 247 Pox Film (A).. 55 s * 54V* 54’* 55% Grigsby Gru.... 25% 25 25% 25% Loews Inc 92% 90% 92% 90% Param Fam.... 71% 70% 71’* 70% Radio Corp .... 66% 65% 66% 64% R-K-0 48 V* 46% 46% 47% Schubert 34% 34% 34% 33% Warner 8r05.... 72% 71% 72% 71V* Miscellaneous— Airway App .... 34 33% 33% 29% City Ice Sc Fu 44% 44 Congoleum 17 16% 17 17 Am Can 146% 145% 146'* 145% Cont Can 67 66% 67 67% Curtiss Wr .... 13% 13 13 12% Gillette S R .... 87% 85% 86% 86% Real Silk 55V* 55',* 55% 55

In the Stock Market

• (By Thomson Sc McKinnon) NEW YORK, May I.—Reduction in the discount rate of the bank of England, foreshadowing, it would seem, a similar lowering of rate in this country, may be the tonic that business and the stock market needs. Half a billion dollars, nearly a rec-ord-breaking disbursement of corporate dividends today, should go far also to bolster buying power in the security markets. Individual investors will be enriched and the added wealth no doubt will seek employment. It is generally felt that the brokers’ loans statement this afternoon will disclose a decrease. Indeed, the money and credit situation leaves little more to be desired. However, the industrial situation has been commanding public attention and the picture has not been flattering. Current trade conditions have been disappointing. Several factors, such as commodity prices and unemployment, have not been remedied to the extent expected. Generally speaking, the stock market has given recognition lately to this disappointment, and as a result it does not follow that soft spots will not be uncovered where situations justify, but as a whole the market, in our opinion, is in shape to respond to good news and signs of trade revival.

Investment Trusts

Bid. Ask. Am Founders (new) 24% 25% Basic Industry Share 9% 10% Corporate Trust Shares 9% 10'/* Diversified Trust Shares (A)... 26% ... Diversified Trust Shares (B). 21% 22% Diversified Trust Shares (C).. 9 3 /* 9% First Investment Corporation.. .. 11% Fixed Trust Shares (A)....... 22% ... Fixed Trust Shares (B) I9 S ,B ... Investments Trust of N Y 12 12% Leaders of Industry 11% 12% No Am Trust Shares 9% 1014 Power fe Light Sec Trust 65 67 Revbarn & Cos 73 14% Standard Oil Trust Shares.... 10 12 S W Straus Inv Units 52 58 Selected Amer Shares 814 8% Trustee Std Oil Sh A II 11*’4 Trustee Std Oil Sh B 11% 12*4 U S Elec & Pow Shares A... 4214 4414 U S Elec St Power Shares (B). 13 13'/*

The City in Brief

Before 8,000 persons in Cadle tabernacle, Miss Hilma E. Nelson, 22, and Richard M. McGreevy, 23, contestants in the ‘‘mad marathon” being staged there, were married Wednesday night. The eighth week of the contest began at 10 p. m. The North Side Lions Club and members of thirty-three Indiana chapters heard Earl W. Hodges, New York, first vice-president of the Lions Internationale, at a luncheon Wednesday in the Columbia Club. The Rev. Warren Grafton, formerly of this city, now pastor of the First Christian church of Los Angeles, is visiting his father, the Rev. T. W. Grafton, 5115 North Capitol avenue, chaplain of Butler university and temporary pastor of Northwood Christian church. A. P. Vestal will address the Indiana Stamp Club on “Precancels” at a meeting in the Lockerbie at 8 p. m. Friday. John W. Grifling, 70, 3812 North Pennsylvania street, for forty-six years conductor on “The American.” crack Pennsylvania railroad passenger train between Indianapolis and St. Louis, was honored at a reception in Union Station Wednesday night at he retired from active service, Democra tic primary candidates were introduced at meeting at Missouri and McCarty street, and of the Irvington Democratic Club at Carr’s hall Wednesday night. Candidates will speak tonight at a First and Second ward club meeting at Twenty-fifth street and Martindale avenue. Joseph McLafferty is chairman. The Exchange Club Friday noon at the Lincoln will hold annual Boy Scout day and Boy Scouts will give demonstrations. The club will hold a party for members and wives at the Lincoln Thursday night, May 15. Involuntary bankruptcy petition was filed ir f deral court today by the Hibben Holloway Company, Indianapolis, a'oi ist Johnson Weddel and Compa. >, Inc., of Kokomo. In the Air Weather conditions in the air at 9:30 a. m.: Southwest wind, sixteen miles an hour; barometric pressure, 30.06 at sea level; temperature, 74; ceiling and visibility unlimited; field good. Arrivals and Departures Curtiss-Mars Hill Airport—Lt. Paul Zartman. Indiana national guard, returned from Ft. Sill, Okla., with Lieutenant D. D. Stowell, passenger, Douglas plane; C. H. Delso, St. Louis to New York, Curtiss Robin; Bundy Keever, from Marion and return, Curtiss Commandaire, overnight; Embry-Riddle passengers boarding plane from Cincinnati were D. F. Sutherland. Graham Houston, Evanston. 111.; J. H. Jacobson, Chicago; T. E. Henderson, Indianapolis, and Carl Anderson, traffic manager for the line; T. A. T. passengers westbound included Chester H. Rowell, Berkley, Cal., and A. C. Thomas, Covington, Ky., passengers to Columbus. 0., were Mrs. Howard Ruddell of Indianapolis. and J. A. Calercott of Columbus, O. Hoosier Airport—J. H. Stuart from Owensboro, Ky., and return. Travel Air. Capitol Airport—Paul Snick, Dayton. to Indianapolis, Fleet; A1 Briggs. Wichita, Kan., to New York, fourplace American Eagle; Red Harrington, St. Louis, to New York, Ryan Wasp, > . ‘

THE INDIANAPOLIS TIMES _

WEAKER TREND SENDS PORKER MARKET DOWN Little Change in Cattle and Calf Trade; Sheep Stronger. April Bulk. Tod. Receipts. 25 $10.25 $10.25 5,500 26. 10.25 10.25 3,000 27. 10.25 10.35 5,000 28. 10.25 10.35 5,000 29. 10.25f10.35 10.35 6.500 30. 10.00&10.25 10.25 6,000 10.00® 10.15 10.25 5,500 Hog trade at the city stockyards was largely 10 cents lower this morning. The bulk, 150 to 300 pounds, selling at $lO to $10.15. Top price paid was $10.25. Receipts were estimated at 5,500, holdovers were 653. Cattle were little changed in a steady trade. Receipts were 800. Vealers were steady with goal and choice kinds making a market at $lO to $10.50. Calf receipts were 600. Sheep were strong with shorn lambs bringing $9 down. A few spring lambs were on hand at slo' to sl2. Receipts were 600. Chicago hog receipts were 21,000, including 5,000 direct. Holdovers were 5,000. Today’s market was fully steady with Wednesday’s average. Numerous sales were made on choice 170 to 210 pound weights at $lO te $10.15; choice 250 to 270 pound weights, $9.80 to $9.85. Cattle receipts were 5,500; sheep, 14,000. —Hogs— Receipts. 5.500; market, steady. Heavies, 300 lbs. up $ 9.75010.00 250-300 lbs 10.00® 10.15 Med. wts.. 225-250 lbs 10.15 220-225 lbs }°.}5®10.25 Lieht wts.. 160-200 lbs iO.lSOlO.T) Light lights, 130-160 lbs 9.50®10.00 Light wts., 160-200 lbs 8.50®! 9-25 Packing sows 8.25®! 9.25 —CattleReceipts, 800; market, steady. Beef steers, 1,100-1,500 lbs., _„, good and choice [email protected] Common and medium [email protected] Beef steers. 1,100 lbs. down, „ „ good and choice 11.50®14.00 Common and medium [email protected] Heifers, 850 lbs. down, good and choice 10.50©?12.00 Common and medium [email protected] Cows, good and choice 7.75® 9.00 Common and medium 6.25® 7.75 Lower cutter and cutters .... 4.50@ 6.25 Stocker and feeder steers, good and choice 10.00®11.50 Common and medium [email protected] —Vealers— Receipts, 800; market, steady. Medium and choice $ [email protected] Cull and common 5.00® 7.50 —SheepReceipts. 600; market, steady. (Shorn basis.) Lambs, good and choice $ 8.50® 9.00 Common and medium 7.00® 8.50 Spring lambs Ewes, medium to choice .... 3.50® 5.00 Cull and common 1.50® 3.50 Other Livestock Bu United Press CHICAGO, May I.—Hogs—Receipts. 21,000. including 6,000 direct; strong to 10c higher, mostly 10c higher on weighty butchers; active to shippers and small packers; top $10.20, paid for 170-210-lb. weights; quality good; butchers medium to choice, 250-350 lbs.. $9.50®10.05; 200250 lbs., $9.75® 10.20; 160-200 lbs., $9.75® 10.20; 130-160 lbs., [email protected]; packing sows. [email protected]; pigs, medium to chmee, 90-130 lbs.. $8.50®9.65. Cattle—Receipts, 5,500; calves, 3,000; steer trade unevenly steady to 25c higher; weight steers showing most advance; choice kinds absent; best $13.50; slaughter classes, steers, good I and cho'ce. 1300-1500 lbs., $12,257; 14.65; 1100-1300 lbs., [email protected]; 950-1100 lbs., $11.75® 14.25; common and medium, 850 lbs. up, $8.50® 11.75; fed yearlings, good and choice, 750-950 lbs., $11@14; heifers, good and choice, 850 lbs. down, [email protected]; common and medium, $7.50@10; cows, good and choice. [email protected]; common and medium, [email protected]; low cutter and cutter, [email protected]; bulls, good and choice beef, $7.50® 8.75; cutter to medium, $6.75©7.75; vealers, milk fed, good and choice. $8.25® 11.50; medium, [email protected]; cull and common, $5®7.50; Stockers and feeders steers, good and choice, all weights, [email protected]; common and medium, [email protected]. Sheep— Receipts, 14,000; market active, strong to mostly 25c higher; bulk shorn lambs, s9® 9.25; top, $9.50; woolskins, $10®10.25; best held around $10.50; fat ewes, weak, $5.25 down; native springers, sl3 down; lambs, good and choice, 92 lbs. down, $8.75 ®9.60; medium. $8.25® 8.85; cull and common, $7.50® 8.25; medium to choice, 92100 lbs. down, [email protected]: ewes, medium to choice, 150 lbs. down, $3.75®5.50; cull and common, s2@4. Bu United Press FT. WAYNE, Ind., May I.—Calves—Receipts, 50; hogs. 300; sheep, 25; steady; 90-110 lbs., $9; 110-130 lbs . $9.25; 130-150 lbs., $9.50; 150-160 lbs., $9.75; 160-180 lbs., $10; 180-200 lbs.. $10.10; 200-225 lbs. $10; 225-250 lbs.. $9.90; 250-300 lbs.. $9.80; 30035 lbs.. $9.60; roughs, $8.25; stags, $6; calves, $10; lambs, 8. Bn United Press PITTSBURGH. May 1 .—Hogs—Receipts, 1,500; market, steady to weak; 150-230 lbs., [email protected]; 240-300 lbs., mostly, $10.25 ® 10.50; 100-120 lbs.. slo® 1.25; sows $8.50 I @8.75; few, $9. Cattle—None. Calves—Receipts, 100; market. 50c higher; top vealers, $11.50. Sheep—Receipts, 500; market, strong; bulk clipped lambs, $9®9.50; shorn aged wethers. [email protected]; choice spring lambs, sl6, about $2 higher. Bn United Press EAST BUFFALO, N. Y„ May I.—Hogs Receipts, 500; holdovers, 100; weights above 150 lbs., active to 15c higher; lighter averages steady; bulk 150-250 lbs., $11; 250-280 lbs., $10.75® 10.80; weights below 150 lbs., mostly $10.50; packing sows, [email protected]. Cattle —Receipts, 100, medium steers, barely steady, $10.60: cows unchanged; cutter grades. [email protected]. Calves —Receipts. 100; vealers steady, bulk better lot. $11.50: common and medium. sß@ 9.50. Sheep—Receipts, 600; lambs, strong to 15c higher; good to choice shippers,, medium and strong weights, $8.50@9; few spring lambs, sl4. rv Times Special LOUISVILLE, Ky„ May I.—Hogs—Receipts, 600: market steady; 300 lbs. up, $8.35; 25-300 lbs., $9.40; 165-225 lbs., $10; 130-165 lbs., $9.20; 130 lbs. down, $7.20; roughs, $6 60; stags, $6.05. Cattle Receipts, 200; market steady; prime heavy steers, $10.50® 11.50: heavy shipping steers, $9.50® 10.50; medium and plain steers, [email protected]: fat heifers, $7.50® 11; good to choice cows. $6.25® 8: medium to good cows, $5.25® 6.25; cutters. $4.75® 5.25; canners. $3.50® 4.50; bulls, s6@B: feeders, $8 ® 10.75; stockers. $7.50@11. Calves • Receipts, 200; market steady; tops, $8.50; good to choice. [email protected]: medium to good. $5®'6.50; outs, $4.50 down. Sheep— Receipts, 100: market steady; fed ewes and wethers, $9®9.50; duck lambs. [email protected]; seconds. $65 6.50; sheep. $4.50® 5.50. Wednesday’s shipments: Cattle, 26; calves. 287; hogs, 166; sheep, none. Bn United Press CLEVELAND, May I.—Hogs—Receipts, 2.000: holdover none, steady to 10c lower; 150-210 lbs., $10.50® 10.60: 220-250 lbs., $10.40 down; 250-300 lbs., $10.25; pigs. $10; rough sows. $8.50: stags. $6.50. CattleReceipts, 300: steers fairly active, steady; i bulk common to medium. $9.50® 10.75: cows dull, spots 25c lower; common to good, SS®B; cutter grades mostly s4® 5.75. Calves—Receipts, 600; steady: bulk vealers. sl2 down; few. $12.50: medium. $8 50® 11; cull and common, s6@B. Sheep i —Receipts. 1,500; mostly steady; bulk i lambs, $9 down; few choice, $9.25; medium, j $8 downward; bulk fat ewes. $5 and less. Bn United Press ' EAST ST LOUIS. 111.. May I.—Hogs— Receipts. 11.0000: market steady to 5c higher; bulk 160-250 lbs.. [email protected]; top. $10.15; bulk sows. $8 755 9. Cattle—Re- ! ceipts. 1,500; calves, receipts 1,000; mar--1 ket. generally steady on all classes: very few steers, mixed vearlings or heifers sold earlv; vealers. $10.25. Sheep—Receipts, 809; market slow; few spring lambs steady at *12.50@13; asking around 25c higher for clipped lambs. Bn United Press CINCINNATI. O. Mav V—Hogs—Receipts, 3.965. including 2.275 direct: holdovers. 420; generally steadv; fairly active; bulk good and choice, 170-230 lbs., $10.35; less desirable grades down to $10: few 250-250 lbs.. slo® 10.10; bulk, 120-160 lbs.. $9.755 10; undesirable. 59.50 down; pigs. ; 90-110 lbs.. $8.505 9.25: bulk sows. $8.25® : 8.75. Cattle—Receipts, 400; calves, rej ceipts. 425; quiet, steady, catch bid mari ket: few butcher steers and heifers up ; to $11; bulk beef cows. [email protected]; choice ! heavy cow*. $9; low cutters and cutters. ; 85®6.75; bulls mostly $75 8; veaiers j steady: top $10.50; bulk under grade. $7 i5 9. Sheep—Receipts. 250; slow, steady; | choice around 50 lb. springers. sl4; heavier weights, sl2 down; medium grade around $11; common. [email protected]: best shorn lambs. $9: others, $8 down; few common sheep up to $3; choice ewes ; quoted $5.50. / Buy and Sell Central Indiana Power ! 7% Pfd. Newton Todd 415 Lemcke Bid*;.

Business — and — Finance

NEW YORK. May 1. —Trico Products Corporation reports net income of $573,674 for the first quarter of 1930, equivalent to $1.53 a share on 374,491 unrestricted shares of capital stock outstanding. These earnings, according to John R. Oishei, president, are equivalent to 60 per cent of the $2.50 annual dividend requirements on the stock. For the final quarter of 1929 the company reported net income of $435,693 or $1.29 a share on 337,500 unrestricted shares and for the first quarter of 1929, net was $606,679 or SI.BO a share, CHICAGO. May I.—Winton Engine Company in the first quarter of 1930 earned net income after all charges, including taxes, of $162,528 or $1.71 a share on the 95,0000 shares of preferred and common stocks combined outstanding coragared with $169,901 or $1.78 a share on the asis of the same capitalization in the first quarter of last year. Stanley W. Prenosil, for the past eight years financial editor of the Associated Press, has resigned to become associated wtih Sutro & Cos., members of the New York, San Francisco and Los Angeles Stock Exchanges, in their Wall Street office. He will asume his new duties today. The Grangesberg Company, the Swedish iron mining unit which is rated as the largest producer of ore in Europe and in which the Kreuger & Tell Company holds a substantial interest, shipped 674 000 tons of ore in March. This compares with 149,000 tons in the same month of 1920, and represent an increase of about 50 per cent. The Commercial Investment Trust Corporation will pay off on May Ist the final maturity amounting to $2,000,000 of its issue of $10,000,000 5 per cent. Serial Gold Notes which were offered by Dillon, Read & Cos. in 1925. In spite of the fact that the 112 industrial, utility and railroad corporations so far reporting, showed a decrease in net income for the first quarter from the similar period of 1929, amounting to 16.6 per cent, some twenty-nine large companies, many of them leaders in their industries, were able to report a gain for the quarter of 16.2 per cent, the individual figures thowing a wide range of increases. S. W. Straus & Cos. are offering at par and interest when, as, and if issued, an SBOO,OOO issue of Bank of Hollywood building. Los Angeles, first mortgage leasehold 6% per cent sinking fund gold bonds.

Produce Markets

Eggs (country run) —Loss off. delivered in Indianapolis, 20c; henery quality. No. l 22c; No. 2. 12c. , „ . . . Poultry (Duying prices)—Hens, weighing 4% lbs. or over, 22c; under 4% lbs., 22c; Leghorn hens, iac: springers, 4 lbs., or over. 21c; under 4% lbs.. 21c; broilers, 1930. 25c; old cocks, 12@15c; ducks, full feathered, fat, whites, 12c: geese. 10c. These prices are for No. 1 top quality. Quoted by Kingan & Cos. Butter (wholesale) —No. 1, 42@43c: No. 2. 40®41c. Butterfat —39c. Cheese (wholesale selling price per pound)—American loaf. 31c; pimento loaf. 3S Wisconsin firsts. 27c; Longhorns, 34c; New York limberger. 36c. Bn United Press NEW YORK. May I.—Flour—Quiet and easy; spring patents. $5.70®:6. Pork—Quiet; mess, $32. Lard—Easy; middle west spot, $10.60@>10.70. Tallow—Quiet: special to extra 6%®6%c. Potatoes—Weak: Long Island. s2® 5.50: southern, $3.50®_8.25; Maine. $4.35®'5.60: Bermuda. s7@9. Sweet potatoes—Dull; southern baskets, sl.7s®} 2.50: southern crate, [email protected]; Jersey, basket. 50c® $3.25. Dressed poultrysteady; turkeys, 25® 42c; chickens, 17®34c; capon's. 30@44c: fowls, 15®31c; ducks. Long Island. 22c. Live poultry—Barely steady; geese, )3®lßc; ducks, 14® 24c; fowls.' 28®29c: turkeys. 20®;30c; roosters, 12® 13c; chickens. 15c; capons. 20® 45c; broilers. 18®43c. Cheese—Demand better; state whole milk, fancy to special. 24® 26c; young America, 22® 25c. Bu United Press CINCINNATI. May I.—Butter, steady; creamery in tub lots, according to score, 39®40c; common score discounted, 2@3c; packing stock. No. 1. 27c; No. 2. 22c: No. 3, 17c; butterfat. 36@39c. Eggs—Steady; cases, included: fresh gathered, 22%c; firsts. 22c; seconds. 20c: nearby ungraded, 22c; duck egs. 23c: gose egsg. 40c. Live poultry—Fowls, 5 lbs. and over. 23c; 4 lbs. and over. 26c: 3 lbs. and over. 26c; Leghorn. 3 lbs .and over, 22c: roosters, 14c: 1930 broilers, over 2 lbs., 37c; colored broilers. IV* lbs. and over. 32c: 1% lbs. and over. 28c; Leghorn and Orpington broilers. I'/* lbs. and over. 32c: 1% lbs. and over. 26c; broilers, partly feathered, 24®26c; black springers. 24c. Bu United Press CLEVELAND. May I.—Butter—Extras, 40%c: extra firsts, 40',ic. Eggs—Extras, 24c: firsts 23c. Poultry—Fowls. 28c; medium. 28c; Leghorn, 22® 25c: heavy broilers, 35® 42c; ducks. 20®25c; Old cocks. 16c: geese. 15c. Potatoes Maine Green Mountain, $4.85 per 150-lb. sack: Idaho Russet. [email protected] per 100-lb. sack. Bu United Press CHICAGO, May 1. Eggs Market, steady; receipts, 20,739 cases; extra firsts, 23%®24c; firsts, 22%®23c; ordinaries, 21c; seconds, 19'/2c. Butter—Market, easy and unsettled; receipts. 5,305 tubs; extra 36%; extra firsts. 35@>35%c; firsts, 33®34c; seconds. 31@31%c; standards, 36ViC. Poultry—Market, easy; receipts, 2 cars; fowls, 23c: springers, 30c: Leghorns, 24c; ducks, 22®23c; geese, 15c; turkeys, 20© 25c; roosters, 14c; broilers, 35® 38c. Cheese— Twins. 18%®19c; young Americas. 20c. Potatoes —On track, 328; arrivals, 49; shipments 611; market, old stock, dull; Wisconsin sacked round whites, $2.85®>3; Minnesota sacked round whites, $2.75®2.90; Idaho sacked russets. $2.50®3.60: new stock, fairly steady; Texas sacked Bliss Triumphs asking $4.80®„4.90, too few sales to quote.

j Robert K. Tomlinson 3 INVESTMENTS j 824-25 Continental Bank Bldg. Indianapolis Lin. 9618

HOW TO SAFELY INVEST IN MORE THAN Some of the stocks your ' 30 COMPANIES WITH the same dollar Chase National Bank of First Investment Corporation is a New York General Management type of InLambert vestment Trust, and as such is alAmerican Foreign Power ways in a position to take advanStandard Oil of New York tage of favorite markets and adapt Texas Corporation itself to changing conditions. Only American Rolling Mills securities of high quality rating by Standard Oil of Indiana sfandard authorities can be purAtlantic Refining chased. U S. Steel Columbia Gas & Electric Stock is non-taxable in Indiana Electrc Bond & Share Pennsylvana Ralroad x . . Without obligation on my part send me Baltimore & Ohio Rail- complete information. road .. Name St. Louis & San Francisco R. R. Address FIRST INVESTMENT CORPORATION 1202 New City Trust Bldg. RHey 6531

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS w York Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New York Curb Asociation Rooms 200-214 Circle Tower Telephone Lincoln 5561

SELLING WAVE CARRIES GRAIN MARKET DOWN All Options Hit Low Levels for Movement: Corn Weakness. Btf Ini fed Press CHICAGO, May I.—A selling wave hit the wheat market on the Board of Trade shortly after midsession and carried all months to new low levels on the movement, and while there was a slight recovery, prices were fractionally lower at the close. Though deliveries were not excessive the emergency ruling was again needed and the commission selling increased the pressure, sending prices into stoploss selling. Corn broke before wheat and was weaker, but oats was unevenly steady. At the close wheat was unchanged to Vi cent lower, corn was % cent to 7 s cent lower and oats was % cent lower to Vi cent higher. Provisions were strong to higher. Liverpool remained strong, though the market failed to hold the best prices and closed Vi cent to % cent higher. A fair export business was reported worked in both hard winters and Manitoba-s, around 800,000 to 1,000,000 bushels being taken. The directors of the Board of Trade passed a resolution permitting carlot deliveries on track in all grains. Cash prices are Vi cent higher. Receipts were 11 cars. Corn offerings were light early and May prices rose rapidly on urgent short covering. At midsession prices were fractionally higher. Receipts were slightly larger here, but they had no effect on the prices. Cash prices were % cent to 1 cent higher. Receipts were 193 cars. Oats scored a good advance early and held most of it at mid-morning on the strength in the other grains. The splendid progress being made by the new crop failed to affect values. Cash prices were unchanged. Receipts were 37 cars. Chicago Grain Table —May 1— WHEAT— Prev. Open. Hieh. Low. Close, close. Mav.. 1.01% 1.02% 1.00% 1.01% 1.01% July.. 1.05% 1.05% 1.02% 1.04% 1.04V* Sept.. 1.08% 1.09% 1.06% 1.07% 1.08% Dec... 1.13% 1.14 1.11 % 1.12V* 1.12% CORN— May.. .80% .81% .73% .79% .79% July.. .83 .83% .81V* .81% .82% Sept.. .85 .85% .82% .83% .84 Vs Dec... .78% .79% .77 .77% .78 OATS— Mav.. .40% .41 .40% .40% .40 July.. .41'/* .41% .40'/* .40% .40% Sept.. .41% .41% .40% .40% .41 Dec... .43% .43% .43% .43% .43-, 4 RYE— May.. .58 Vi .60% .58 .58 .59 July.. .63% .65% .63% .63-t .65 Sept.. .69 .70'/* .68 .68% .69% Dec... .72 .74 .72 .73 i3;* Mav\ 10/12 10.20 10.12 10.20 10.12 Julv 10 40 10.42 10.40 10.40 10.37 Sept: 10.57 10.65 10.57 10.62 10.57 BELLIES — .. _ _ May. 13.65 nominal 13.60 13.50 Julv. 13.47 nominal 13.47 13.45 Sept. 13.60 nominal 13.60 13.57 Bn Times Special CHICAGO. Mav I.—Carlots; Wheat. 4; corn. 170; oats. 39; barley. 15. CHICAGO, May I.—Primary receipts; Wheat. 603,000. against 537.000; corn, 666.000, against 375,000: oats, 297,000, against 152,000. Shipments: Wheat, 743,000, against 968.000; corn. 897.000. against 462,000; oats, 380,000, against 283,000. Bn United Press CHICAGO, May Cash grain close: Wheat—No. 3 red, $1.02® 1.03'%; No. 2 hard. sl.Ol. Corn —No. 2 mixed. 80® 81%c; No. 3 mixed, 79c; No. 4 mixed, 76c; No. 6 mixed, 74%c: No. 2 yellow, 80® 82c; No. 3 yellow, 78®79%c; No. 4 yellow, 76®78%c; No. 5 yellow, 76%%76%c; No. 6 yellow, 74%®77%c; No. 2 white, 824/ 83%c; No. 3 white, 80%®.81c; No. 4 white, 79@79%c; sample grade, 57®61c. Oa‘s— No. 2 white, 41%®42c: No. 3 white, 404/ 41c: No. 4 white, 39'/2@4o'/4C. Rye—None. Barley—s4@6sc. Timothy—[email protected]. Clover—sll® 18.75. Bu United Press TOLEDO, 0., May 1. —Cash grain close: Wheat—No. 2 red. $1.07®1.08%. Corn — No. 3 yellow. 84® 85c. Oats—No. 2 white, 45Vi @47Vic. Rye—No. 2. 85c. Barley—No. 2. 64c. Clover—Domestic, cash new, $11.75; prime choice, sl2; Oct., $12.60; Dec., $12.80. Alsike—Cash. sll. Timothy—Cash new, $3.70. Butter—37®,4lc. Eggs—2l® 23c. Hay—sl.2s cwt.

R.H. Gibson & Cos. Members NEW FORK, Chicago and Cincsiumti Stock Exchanges 320 Circle Tower Indianapolis Tel. Lincoln 2541 61 Broadway IVEW YORK 307 Dixie Terminal Bldg. Cincinnati

New York Bank Stocks

—Mav 1— Bid. Ask. Chase National 166% 167% Eauitable 13!% 132% Citv National 220 221 Guaranty 824 828 America 142% 144 Bank of United States 70% 72 Central Hanover 392 396 Chemical 82 82% Continental 38% 39 Empire 92% 94 Interstate 52% 53% i Manhattan St Cos 140'* 142 j New York Trust 310 313 I Bankers 177% 178% I Brooklyn Trust 880 885 Chatman Phenix National ... 134% 136 Corn Exchange 230 233 First National 6.300 6.350 Irvine 64 64% Manufactures 138% 140 Comercial 523 530 Public 53% 55% FINED FOR RADIO NOISE First Conviction Obtained Under New Law; Store Owner Pays SSO. Bu United Press NEW YORK, May I.—The first conviction under the new radio noise law has been obtained against the proprietor of a radio store whose loud speaker, outside the door, annoyed funeral services in a nearby undertaking establishment. Thomas Hill, owner of the stor", was fined SSO. NEW YORK COFFEE RANGE —April 30High Low. Close. March 7.96 7.95 7.96 Mav 8.62 8.55 8.62 Julv 8.47 4 45 8.47 September 8.34 8.38 8.34 December 8.10 8 10 8.10

Citizens Street Railroad Company First Consolidated Mortgage Forty-Year 5% Gold Bonds Indianapolis, Indiana Dated: May 1. 1893 Due May 1, 1933 On April 18, 1930, the Marion Circuit Court of the State of Indiana, at Indianapolis, Indiana, appointed George C. Forrey Jr. receiver for the property of Indianapolis Street Railway Company, a corporation of Marion County, Indiana, which said corporation now owns the property covered by the mortgage which secures the bonds above described. The undersigned committee has been organized to protect the interest of the holders of the above describd bonds pursuant to a Deposit Agreement, dated May 1, 1930, under which Security Trust Company, Indianapolis, Indiana, and Fidelity-Philadelphia Trust Company, Philadelphia, Pennsylvania, have been appointed Depositaries. In view ox the fact that the Receiver for said Indianapolis Street Railway Company has taken possession of the property covered by the mortgage which secures the above described bonds, all holders of such bonds are urged for their protection to deposit said bonds with either of the above mentioned Depositaries without further delay. Copies of the Deposit Agreement may be had on application at the office of either Depositary, cc the Secretary of the Committee. Irving W. Lcmaux, COUNSEL: Chairman, Smith, Remstcr, Hombrook Pres. Security Trust Cos., and Smith Indianapolis, Indiana Julian J. Kiser, Indianapolis, Indiana Vice-Chairman tvrpvTin v* Vice-Pres. Meyer-Kiscr Bank, SECKL i ak\ . Indianapolis, Indiana, A. J. Wichmann, j. c. NefT, Vice-Pres. Fidelity--138 East Washington Street Philadelphia Trust Company, Indianapolis, Indiana Philadelphia,

Indianapolis Street Railway Company 4% General Mortgage Gold Bonds Indianapolis, Indiana Dated: May 3, 1899 Due January 1, 1933 On April 18, 1930. the Marion Circuit Court of the State of Indiana, at Indianapolis, Indiana, 'appointed George C. Forrey Jr., Receiver for the property of Indianapolis Street Railway Company, a corporation of Marion County, Indiana, which said corporation now owns the property covered by the mortgage which secure:, the bonds above described. The undersigned committee has been organized to protect the Interest of the holders of the above described bonds pursuant to a Deposit Agreement, dated May 1. 1930, under which Indiana National Bank, Indianapolis, Indiana, and Provident Trust Company of Philadelphia, Philadelphia, Pennsylvania, have been appointed Depositaries. In view of the fact that the Receiver for said Indianapolis Street Railway Company has taken possession of the property covered by the mortgage which secures the above described bonds, all holders of such bonds are urged for their protection to deposit said bonds with either of the above mentioned Depositaries without further delay. Copies of the Deposit Agreement may be had on application at the office of either Depositary, or the Secretary of the Committee. Gavin L. Payne, COUNSEL: Chairman Pickens, Davidson, Cause, Gavin n. Payne & to. Gilliom & Pickens Inillannpoli*. Indiana Indianapolis, Indiana Malott Fletcher, Vice-Chairman ctTDt’TARV* Cashier Indiana Natloiml Bank, wm. Indianapolift, Indiana Wrn. W. Miller, £ arl Fenninger, 207 Continental Bank virp-rresldpnt "Provident Trust Building Company Indianapolis, Indiana Philadelphia, CCJIyIIVII I l LL.

Indianapolis Traction and Terminal Company First Mortgage Thirty-Year 5% Gold Bonds Indianapolis, Indiana Dated: January 1, 1903 Due January 1, 1933 On April 18, 1930, the Marion Circuit Court of the State of Indiana, at Indianapolis, Indiana, appointed George C. Forrey Jr., Receiver for thi property of Indianapolis Street Railway Company, a corporation of Marion County, Indiana, which said corporation now owns the property covered by the mortgage which secures the bonds above described. The undersigned committee has been organized to protect the interest of the holders of the above described bonds pursuant to a Deposit Agreement, dated May 1, 1930, under which The Fletcher American National Bank of Indianapolis, Indiana, and The Pennsylvania Company for Insurances on Lives and Granting Annuities, Philadelphia. Pennsylvania, have been appointed Depositaries. In view of the fact that the Receiver for said Indianapolis Street Railway Company has taken possession of the property covered by the mortgage which secures the above described bonds, all holders of such bonds are urged for their protection to deposit said bonds with either of the above mentioned Depositaries without further delay. Copies of the Deposit Agreement may be had on application at the office of either Depositary, or the Secretary of the Committee. Roy C. Shaneberger, COUNSEL: Chairman Julian C. Ralston, I’rtn. Prour*** Laundry Cos. , ~ , .. Jndiananolia, Indiana Indianapolis, Indiana George B. Elliott, Vice-Chairman SECRETARY: !*■■*. Breed, Elliott & Harrison. Indianapolis, Indiana Thomas S. Hood. Arthur V. Morton, 41 North Pennsylvania SL, Ylce-Prea. Pennsylvania n Company for Insurant* on Lltm P, O. BOX, 1155, all€ j Granting Annoitiei. Indianapolis, Indiana Philadelphia, J*™**™*^

PAGE 17

CI6ARET USE GREATER THAN PREVIOUS YEAR First 1930 Quarter Shows Than Billion Gain Over 1929. A billion more cigarets were made in the United States during the first qyarter of 1930 than during the corresponding period of last year, according to government figures. Production during March was 9.165.174.000 as compared with 8,689,510,000 lor March last year. The total production so far this year has been 27.938.411,000 as compared with 26,912.272,000 during the first quarter of 1929. or an increase of 3.3 ; per cent. Total production in 1929 was 119,000,000,000.

Local Wagon Wheat

Citv grain elevators are paving 95c. for No. 2 red wheat and 89c for No. 2 hard wheat.