Indianapolis Times, Volume 41, Number 311, Indianapolis, Marion County, 9 May 1930 — Page 25

MAY ft, 1930

STRONG CABLES BOLSTER TREND IN GRAIN TRADE Expected Acreage Increase in New Corn Crop Is Bear Factor. Bu T nit Preen CHICAGO. May 9.—'Wheat rose sharply as the Board of Trade opened today with scattered buying on the strong cables and very Utile selling pressure. Liverpool was firm and advancing on the scarcity of sellers and a better milling demand with the market acting oversold Buenos Aires opened firm, 14 cent higher. Corn was fractionally higher with wheat, while oats was firm. At the opening wheat was \ to 1 cent higher; corn was ’4 to % cent higher, ard oats was unchanged to ',* cent hig ; er. Provisions were steady. Liverpool opened steady, about as expected, but strengthened shortly thereafter and at mid-afternoon was to 1 3 a cents higher. A government report on the condition and estimated production of winter wheat is due after the close today, and is expected to show an improvement which will be bearish. Howrver, the trade is believed to have discounted this. The decline to new Sows has not changed the sentiment, hut it has had a restraining effect on selling. If May goes below the dollar mark, a rapid decline is looked for. The recent action in corn has been disappointing. The statistics on the old crop are bullish, but the trade looks for an increase in acreage in the new crop and favorable progress of planting. There was more rain in sections of the belt over night, which is detrimental to field work. Cash houses continue to buy May oats and that month is firm, while the deferred deliveries are weak on the weakness in other grains. Maynow is at a premium of l 3 i cents over July. Chicago Grain Table Prev. Hiffh. Lok. 12:00 close. Mav 1.0!’. 1.00% 1.00% 1.00% Julv ...1.02 ton 3 '. I.oo’a 1.01’4 Srotrmber ... • 104% 1.03 l i 2 noT ** December ... 1.091s 108 1.08 1.0814 CORN— Mav .Wn -7™ -TJH -79% Julv 80’ b -77'* Z 2, 'oft 4 Srptembor ... .81 .79', .79% 80- ? December ... .75 ./<• n •*’ * OATS —. Mav 41% .41-41 ’i .41 •Julv 40% .40', .40'. .40* 2 September ... .39% -30 1 * -39% •?§j 4 December ... .42’* .42 .42 .42 RYE—TL*qV ... ••• ••• ••• t Ji.lV 7.7.7... .62% .61% .61% .61% Sent ember ... .65% .65% .65% .65% M^v RD ~... 10.25 10.22 10.22 10.25 jiilv 10.44 10.35 10,40 10.37 September .. 10.60 10.50 10.50 10.57 Du Time* Sprrial , , .... . CHICAGO. Mav 9. —Carlots: Wheat. 12. C 82; oats. 56, and barlev. 11.

In the Stock Market

ißv Thomson & McKinnon) NEW YORK, May 9.— Shrinkage in the brokers’ loan total of over 20 per cent of the accumulated gain from the low figure of last December sterns to have met general expectation and in view of uncertainty felt in some quarters, should clear the atmosphere. Financially, conditions leave little to be desired. Trade tendencies at the moment do not show such a decided improving tendency. A prospective decrease in steel tonnage figures and the unfavorable foreign trade statistics force an admission that business has been running at low ebb. Looking to the future, however, we have the views of Fairfax Harrison, president of the Southern Railroad, in which he regards the present business depression to be only temporary and gives further weight to his views by (Stating that his company, although not earning the present dividends, plans no reduction. Another promising indication is the confirmation of large scale buying of copper metal by the utility and electrical oompanies, suggesting that activities in this direction are to be enlivened. Best opinions appear to be that a turn for the better in general business is not far off and this thought prompts us to take a more optimistic view of the security market. Building Permits George D. Dinks, remodel. 1516 Pleasant. SSOO, G. D. Snyder, fire loss. 1809 East Fortyfourth. $340. E. G. Kinnard, Karaite. 207 West Fortyfourth. $235 J. Hatner. reroof. 525 Bosart. S2OO. Myrtle Bretham. repairs. 438 East Market. SBOO. R. A. Steinel. repairs. 5335 East Walnut. *I.OOO. - R. M. Collier, dwelling and garage. 807 West Fortv-third. $6,000. J. A. Young, dwelling. 5825 Winthrop. *7 000. . Sanitary Washed Wiper Company, re)alrs. 23 East South. $2,500. E C. Moeller, repairs.' 4135 Fletcher. #4OO. O. J Smith Realty Company, repairs. 1232 Broadway. SI,OOO. M. S. McCrea. fire loss. 2949Kenwood. *1.500. B. A. Burkhart, repairs. New York and Summit. *SOO. Dunlop A Holtegel. repairs. 318 Toledo. *2OO. George Gauss, repairs. 3053 Park. SI,OOO. Eart Neuert. garage. 1209 Comer. $275. M McKenzie, repairs. 2914 Brookside. #SOO. Mrs. Maver. garage. 1119 Broadwav, $225. J. R. Welch & Son. repairs. 1749 Olive. *9OO. F. B Foltz, repairs. 2259 North Pennsylvania. $2,000. William D. Beanblossom. repiars. Ray and Diviison. $l,lOO. Florence Crittenden home, repairs. 2044 North Illinois. $3,500. NEW YORK COFFEE RANGE Close. January 7.95 March 7.85 Mav 8,58 July 8.40 September 8.20 December 8.00 FORD PRODUCTION IS GREATER FOR APRIL Increase of 13,000 Is Made Over Last Year Feriod. £ v l nit' I Pm* DETROIT,- May 9 —World production of Ford automobiles and trucks in April was 296.340 units, or 15,150 more than the total lor April a year ago. Ford Motor Company announced today. The April production also was an advance over that for March when 169,045 units were turned out. Average daily production, based on a five-day week, was 9,371 cars, of which 179,149 were made In the United States. An increase of shipments of Chrysler built cars, trucks and busses also was reported today m an announcement by Chrysler company. April shipments totaled 37,527. an increase of 3,711 units over March and a 9 per cent increase over shipments of April, 1829.

New York Stocks

May 9 _ Railroad,— Prev. High. Low. 1! 30 c/oae. Atchison 222'. 222 At] Coazt Line • Bal- A- Ohio I S J}** Chesa Ac Ohio ... 212 -‘jj Chcsa Corn 88 “j 2 Chi Grt West *3,7 CRIAcP I" 1 * Del LAW if?,. Del Ac Hudson l *ii* Great Northern.. .. • Illinois Central - Kai City So LOJ fii * j.a, *ea J/ IQ l' MKft T 94* 3 S *% 0V,2 Mo Pacific 80 79 •# 78 N Y Centra! .171% 171 17Nickel Plate Nor Pacific ,2f7 Norfolk Ac West a,,. 3 i”, 2 Pennsylvania ” ,7 2 " R-ndlna ■ Seaboard Air L. .. ••• ••• So Pacific ••• ~: ffi 7 Southern Ry • 114 ll4 ‘*4 12 “ t • Union Pacific .. • • •••, -it,, ■‘27,, V/ Maryland ... 2T, 26 * 2i- 28 West. Pacific iL Equipment*— , ot/ Am Car Ac Fdy Am Locomotive 60 “j /2 Tank! ! 104% 104 iO4 103% C.enerai Elec ... 77’, 76’ 77., 78% Gen Rv Signal.. 89 88% 89 88,2 Lima Loco • Man El Sup 18’-, 18 18 ... N Y Air Brake 41 < Pres* Stl Car 10 ♦ 10 Pullman '®. B W**st inch Ar B. . . . 42 a 42 s Westlngh Elcc.,t74 r 4 r 2% 173% 172 Firestone 231, 23% 23% 23 Fisk .2 Goodrich , • 4040% Goodyear 77% 6% 77% 75 * Kelly Sprgfld U S Rubber 2 ' % Auburn 183 187 187 4 Chrysler 31*4 30% 30., 31_ a Gardner ’l'* Graham Paige • General Motors. 4514 45% 45% 45% Hudson 42% 41% HuDD ••• l” *2. Mack 68% 66% 66% ®7 A Mormon 2 2/ Nash 40% 40% Packard 17’, 17% 17% 17% Rro 10% 10*4 10% 10% Studebaker ■■ 36 36% Yellow Truck ... . 25% 24% 25% 25% Bendix Aviation. .. ... 41 40Va Borg Warner ... 37% 37 3i% 37 Briggs 1914 19% 19% 19% Eaton - - ■ 28 27 Haves Body 11% 10', 10’, 11 4 Houda 21*4 21% 2114 21% Motor Wheel - ■ 28 Sparks W ... 27% 23 Timkin Roll <5 76% Mining— Am Metals , ... •■•,. 42% Am Smelt 69*2 691, 69*, 69 Am Zinc Anaconda Cop.. 58% 58% 53% 59% Cal Ac Hecla ... 19*, 18% 18% 19% Cerro de Pasco. 54% 54 54% 53% Frecporc Texas.. 47% 47% 4714 47 Granby Corp • 30 Great Nor Ore ... ... 21 21 Howe Sound ••• 20 Int Nickel 33% 32’, 33% 3314 Inspiration .... 19 18*4 18% 194 Kenencott Cop.. 46-14 44% 44% 45V, Magma Cop .■ • 36 2 35% Miami Copper.. 20 19 19’4 19% Nev Cons 21% 20% 201a 21% Texas Gul Sul.. 60% 59’, 59’4 60% U S Smelt 29% 29 29% 28 Amerada 25% 24% 25% 24% Ant Republic .. . . 2414 23% Atl Refining.... 42% 41% 41% 41 1 Barnsdall 26% 261, 26 , ,6 2 Houston 95% 92% 931, 93 Ind Oil ... 25% 24% Indian Refining 20% 19% 19% 19% M?x°Std U ..V.V.V. 27% *26% '26% 26% Mid Conti . ... 28% 28 28 28,a phnimT cr ., <B !:: , *o 40 401, Pure (Ml 0 .* B '.'.'.' 23% *23% '23% 23% Rovld e Dutch:::::: ::: •% 52% Shell Un 22% Simms Pt • • - oe Sinclair 27 26 26 26 aiepil v , , ••• ••• 34 .8 Standard of Cal 69 68', 68% 68 Standard of NJ 75 74 2 74 .4 75 Standard of N Y . . ... 35 36 Texas Cos 57% 5714 57% 57% Union Oil 1 44% Am^RolT"Mill*... 73% 72'4 73% 73% Bethlehem 94% 94 94 94-, u V drc AM .. 06 oD 1 8 cofo Fuel 57% 5 5 % 57 55% Cruc Steel <7% 77% m- 77 indium 32 '31% 31% '32% Repub" I Ac' s: :" 53 *52% ' 52% 52% U I Steel 168% 166% 167% 168 Vanadium 102% 97 * 9. , !o|% Youngst SAcW. 38 37% 38 37 / Am Sumatra ... 13% 13% 13. .J 2 ' 2 Am Tob (B> ... .25512 254'2 255 254 Con Cigars ••• 44% General Cigar .. 52% 52% 52% 53 Lorlllard 25% 23", 25 , 23 Reynolds Tob 51 , ar /, Tob Pr A 10% United Cig 6 5 -4 Utilities Abitibi 22 i* Adams Exp 30 29 , 29 4 29 b Am For Pwr 76 3 75 V, 76 78% Am Pwr & Li 91 A T Ac T 245 24314 244 2451a Col Gas Ac E 1... 74% 73V, 73% 73% Com Ac Sou 17 16% 16% 17 El Pwr Ac Li.... 83 81% 82% 81% Gen Gas A ’• 1474 14% Inti TAc T .... 63% 6114 62 62% Natl Pwr Li 45 45 No Araer Cos ....116% 115 115 116 /a Pac Gas Ac E 1... 66% 66'4 66% 66 Pub Serv N J -.10814 107'* 107% 108V* So Cal Edison.. 64% 63% 644, 6314 Sid G Ac El H3% 114 United Corp ... 43% 43% 43 s , 42/* Ut Pwr Ac L A.. 40% 39% j West Union ....181% 173% 173% 181 i Shipping— Inti Corp .. 42% 41% 41% 42 4 j United Fruit 91 92% Food*— l Am Sug 62 61% 61% 61c, i Armour A *'• 5 • i Beechnut Pkg 58% ••• Cal Pkg ~ . ... 67* 2 Can Dry 63 6262*4 627s Childs Cos Coca Cola 175 173 *2 175 171.2 Cont Baking A.. .. 29 29 4 Corn Prod 105 103 105 *s?i Cudahy Pkg 42 •* Cuban Am Sup. .. ... ••• Ocn Fioods 59 5 1 58 4 57 Grand Union... .. •••_. I? 1 * J® Hersey 101 Jewel Tea ••• *4:.. Si' 8 Kroger 34' a 33*-4 34 1 ® Nat Biscuit 867 b 86 86 s s 5? 8 Safeway St .. ••• -a; 21 5/ Std Brands... . 24 23 n 4 24 23 e Ward Bkg 11 Drugs— LambeAf Co*.’!*.! 98*4 *9B *9B 98% Lehn Ac Fink 30 Am Radiator —. 33 32 32 * 32 a Bush Terms 40 Certainteed a j., Lehigh Port 38 Otis 73 , 73 * AH?ed U *Chem m *T.3OS 300% 303 304 Com Solv 32% 31** 321, 32% Unmn Carb ... 85%5 5 84% 85% 85 ju s Ind Alco 89% Bi-** 89% 88 , Retail Stores— Assoc Drv Gds 42% 41 * Gimbel Bros 16 16% Kresge S S ~ 30% Mav D Store ... 54% 53 54% 52 Mont Ward 42% 41% 41% 42 a Pennv J C .. .. 71% 69 71 a 68 a Schulte Ret St.. 8% 8% 8% 8% Sears Roe 82% 81 81 82* VVoolworth 62 60H 62 ' 63 74

On Commission Row

FRI'ITS Apples—Basket: Baldwin. *262.05; Staymar. *26 3: Winesapg, S3 25: Northern Snv $2.25; Ben Davis. *2.25. Boxes: Delicious, *46 4 50: Stn vman. *36 3.25; Winecpps 52.75'-j 5.25. Barrels: Baldwin. *66 fi.so; Ben Davis. $5.50; Winesaps. *7® 8.50. Grapefruit-Florida. *66 7 a crate Grapes -California Emperor, kegs. $5.50. Lemons—Fancv California. *5 75*16 75: imported. Messina. *5£5.50. Limes —Florida. 52.30Cr3 a 100: Dominican. *3.50. Oranges—Florida. *6R.50: California, naval, *569 a crate; Valencia. *6.2568 a pineapples— Cuban. *4.25 a crate. Strawberries—Alabama. 24-auart crate. *56 5.50. Pears—Avocado. California. *7 a dozen: D'AnJou. *4.7565 a box. vegetables Artichokes —California. $1 25 a dozen. Asparagus—California and Georgia. 45c a bunch: *3.50v 4 a case. Beans—Texas stringless. *3.25 a hamper. Beets—Louisiana, new. *2.50 a crate; Indiana *2 a bushel. Cabbage—Texas, new. 6 ! 2*i7c a pound. Carrots—California *3 a crate; Texas. *2 75. Indiana. SI a bushel. Cauliflower— Western. *1.75*72.25 a crate. Ce'.erv—Florida. 54.75 3 5 a crate. Cucumbers—Hothouse. *1.65 a dozen. Eggplant—Southern. *1.25<n2 a dozen. Kale-Eastern. $1.25 a bushel. Lettuce—California Iceberg. *4.5065 a crate; hothouse. *1.50 a fifteen-pound basket. Onions —Colorado Spanish. *1.75 a crate: Indiana yellow. *1.25 a sixty-pound bag; white. *2 a bag: green, home-grown. 45c dozen: new Texas yellow Bermuda. *2.40 a crate Parslev—Southern. 50c a dozen bunches. Parsnips—lndiana. 5i.35 a bushel. Teas—California. *3 a hamper. Peppers—Florida. *6 a crate. Radishes—Hothouse, buttons. 60c dozen bunches; Southern long red. 25c: Arkansas three dozen bunches. *1.50. Rhubarb—Home-grown, 35c a dozen. Spinach—Texas. *1.25 a bushel. Tomatoes—Florida. *s® 6 a crate; Mexican. 10-pound box. *2. Turnips—lndiana *3: new. *4. Potatoes —Michigan round whites, *s** 5.25 a 150-pound bag; Colorado Russets. *4 50 a 100-pound bag: Red River Early Ohtos. *4# 4.25 a 120-pound bag: new Fienda Cobbler. *3 a 50-pound hamper. Sfveet Potatoes Tennessee, *2.25; LotSsiaua Golden Glow. *3.75.

' iB Thomson At McKinnon)"

Amaiementi— Bruns Balke .. .. ... 18% 18% Col Orßph 28% 27% 28% 28% Crosley Radio 18 Eastman Kod ...245 240 243 238’, Fox Film A 52H 51 52% 50 s , Grigsby Oru 22 21% 21% 21 s * Loews Inc 93 91% 92** 91 Pf.ram Fam .... 69 67 % 69 67% Radio Corp ... 47% 45% 47% 46% R-K-O 43% 43 43 43 Am Can 137 133 136’, 136% Cont Can 63% 63 63 63% Curtit* Wr 11% 10% 11 11 Vi Gillette SR... Si 72% 83 84% Real Silk 50 48%

Investment Trusts

Bid. Ask. Am Founders (newt 24% 25% Basic Industry Shares B’, 9% Corporate Trust Shares 9% 9% Diversified Trust Shares (A... 26% Diversified Trust Shares ißi. 21% 22% Diversified Trust Shares (Cl.. 9% 9’, First Divestment Corporation.. .. 11% Fixed Trust Shares (A! 22*', ... Fixed Trust Shares <B> 19% ... Investments Trust of N Y 12 12% Leaders of Industry 11% 12 No Am Trust Shares 9% 10 Power St Light Sec Trust 65 67 Revbarn & Cos 13 14% Standard Oil Trust Shares.... 10 12 S W Straus Inv Units 52 58 Selected Amer Shares 8% 8% Trustee Std Oil Sh B 10% 11% U S Elec At Pow Shares A . 42% 44% U S Elec At Power Shares (B!. 13 13%

Produce Markets

Eggs (country run l—Loss off delivered ift Indianapolis. 19c; henery quality. No. 1 20c: No. 2. 17c. Poultry (Duying prices)—Hens, weighing 4% lbs. or over. 20c; under 4% lbs., 17c: Leghorn hens, lac: springers. 4 lbs., or over 21c: under 4V5 lbs.. 21c: broilers. 1930 25c: old cocks. 12015 c: ducks, full feathered, fat. whites. 12c: geese. 10c. These prices are for No. 1 top Quality, aucted by Kingan At Cos. Butter (wholesale)—No. 1 42®43c: No 2. 40 W 41c. Butterfat—2B473oc. Cl.eese (wholesale selling price per poundl—American loaf. 31c: pimento loaf. 33 Wisconsin firsts. 27c: Longhorns. 34c; New York llmberger. 36c. Hu Vnited Prrxg CINCINNATI. Mav 9.—Butter—Steady: creamery in tub lots according to score. 354i36c; common score discounted 2'u'ic\ packing stock No. 1. 25c: No. 2. 16c: No. 3. 12c: butterfat, 32<i35c. Eggs —Steady; cases Included: Fresh gathered. 21%c; firsts. 21c; seconds. 18%c: nearby ungraded. 20%c. Llw poultry—Thin and coarse stock sells onyl at heavy discount: fowls, 5 lbs. and over. 19 %c; 4 lbs. and over. 20%c; 3 lbs. and over. 20%c; Leghorns. 3 lbs. and over. 18c; roosters. 13c: 1930 broilers over 2 lbs.. 37c; colored broilers. 1% lbs. and over, 32c; 1% lbs. and over. 27c; Leghorn and Orphington broilers, 1% lbs. and over. 30c; 1% lbs. and over. 24c; broilers partly feathered, 24(0.26c, black, spongers, 24c. Hu United Press ' NEW YORK. May 9.—Flour—Dull and easier: spring patents. $5,504/5.90. Pork— Quiet; mess. $32. Lard—Steady; middle west spot. $10.704710.80. Tallow—Barely steady; special to extra, s%<R:6c. Potatoes —New firm, ojd dull and weak; Long Island. $2475.75 bbl.: southern, [email protected] bbl.; Maine. $4.254i5.50 bbl.; Bermuda. $6 4u8.50 bbl. Sweet potatoes--Weak; southern crate. $3; Jersey basket. 50c4/$3. Dressed poultry—Steady to firm; turkeys, 254/,42c; chickens. 174/34c; capons. 304/; 44c; fowls, 144/31c; ducks. Long Island, 21c. Live poultry—Easy; geese. 124/16c: ducks, 1445 24c; fowls. 234526 c; turkeys. 20 4/30c; roosters. 124513 c: capons. 354/ 40c: broilers. 204/ 45c. Cheese—Steady: state whole milk, fancy to special, 244/26c; young Americas, 2f4i?25c. Du Pres * CHICAGO. May 9. Eggs Market steady; receipts, 29,153 cases; extra firsts. 23%4i24c; firsts. 22%4i23c; ordinaries. 20 4/21%c; seoends, 20c. Butter—Market steady; receipts, 13,051 tubs; extras. 35c; extra firsts. 33%@34c; firsts, 314i33c: seconds. 284*30c; standards. 35c. Poultry Market steady; receipts, no cars in. 4 due: fowls, 19%c; springers, 25c; Leghorns. 20c; ducks, 20c; geese, 14c; turkeys, 20c; roosters, 13%c; broilers. 344;38c. Cheese —Twins, 18'/24719c; young Americas, 20c. Potatoes—On track, 253: arrivals. 50; shipments, 807; market, old stock firm; Wisconsin sacked round whites, $2.50452.75; Minnesota sacked round whites. $2.4045' 2.60; Idaho sacked russets. $3,254/3.60; new stock steady: Te ;as sacked bliss triumphs. [email protected]; Alabama sacked bliss triumphs, $3.40453.50.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK, May 9.—July cotton opened without much spirit this morning, but the demand for other contracts was excellent and prices were a little higher than the previous close. When Thursday’s weather map was posted it was seen that beneficial showers had fallen in the eastern belt, and this occasioned some profit-taking and doubtless a little professional short selling. A reaction of about 15 points followed, and in the middle of the day the market was quiet, with little or nothing offered except by way of exchange with other markets. The tone of the market showed some improvement in the early afternoon, especially for May clontracts, which have been selling eight to ten points below July. At one time they had advanced to an even position. We still feel that cotton is a purchase on all easy markets. PLEA TOJjE HEARD Mother Sues for Children ‘Kidnaped’ by Father. Hearing in a petition for a writ of habeas corpus filed by Mrs. Mabel |J. Doser, Oklahoma City, to gain j custody of four children whom she j says were kidnaped by her former husband and brought here last week, was to be held at 2 today before Superior Judge Linn D. Hay. A change of venue from Frank K. Miller, special superior judge, to Hay’s court, was granted Thursday at a hearing when Mrs. Doser, her former husband and the four children were present. Doser is alleged to have spirited the children away from an orphanage at Tulsa, Okla., where they were left by the mother. Mrs. Doser followed her husband to this city and filed the court action to regain possession of the children. BOARD OF ACCOUNTS EXAMINER IS DEAD George A. Sheer Succumbs to Stroke of Paralysis. George A. Scheer, 55. of Jeffersonville, field examiner for the state board of accounts since 1913, died in a Greencastle hospital Thursday night after suffering a stroke of paralysis while engaged in state work at Greencastle a week ago. , His body was taken today to his home at Jeffersonville, where he formerly was Clark county treasurer. He is survived by his widow and two sons. HAIL CAUSES DAMAGE Crops in Pike, Dubois. LawTence and Martin Counties Suffer. Bv I'nitrd Prcg* WASHINGTON, Ind., May 9 Hailstorms caused thousands of dollars’ damage Thursday night in Pike. Dubois. Martin and Lawrence counties. Growing crops were leveled, windows in homes were broken and several persons suffered minor injuries. The storm covered an area a halfmile wide and several miles long. Four automobiles filled with picnickers from Washington, were caught in the storm, but none of the party suffered severe injuries. The can were Afcm&geci.

THE INDIANAPOLIS TIMES

SWINE MARKET HOLDS STEADY AT CITYYARDS Steer Trade Nominal; Vealers Unchanged at sll Down; Sheep Even. May Bulk Top Receipts 2. 10.25® 10.40 10.40 4.000 3. 10.404110.50 10.50 2.50" 5. 10.35 10.35 4.500 6 10.35 10.35 4,000 7. 10.50 i 10,55 3.509 8. 10.40 10.50 5.500 9. 10:50 10.50 6,000 Hogs were steady and mostly higher in trade at the Union stockyards this morning. The bulk, 160 to 250 pounds, sold at $10.50, this figure being top paid. Receipts were estimated at 6,000, holdovers were 360. Cattle receipts were 300. Steers held nominal with she-stock steady. Vealers were steady with Thursday’s opening, selling at sll down. Calf receipts were 700. Sheep were steady with receipts of 200. Chicago hog receipts were 14,000, including 4,00 direct. Today’s opening steady to 10 cents higher than Thursday’s average. Weighty butchers selling at the advance; 190-to-240-pound weights, $10.30 to $10.40; 270-to-290-pound weights, $10.15 to $10.25. Cattle receipts were 1,000, sheep 15,000. —Hogs— Receipts. 6,000; market, lower. Heavies, 300 lbs. up $ 9.754/ 10.00 250-300 ibs 10.004/10.25 Med. wts.. 225-250 lbs 10.254i10.50 200-225 lbs 10.50 Light wts.. 160-200 lbs 10.50 Light lights. 130-160 lbs 9.75® 10.25 90-130 lbs 8.75® 9.50 Packing sows 8.25®' 9.25 —CattleReceipts. 300; market, higher. Beef steers, 1,100-1,500 lbs., good and choice [email protected] Common and medium 8.50® 11.50 Beef steers, 1,100 lbs. down, good and choice 11.5045)14.00 Common and medium [email protected] Heifers, 850 lbs. down, good and choice [email protected] Common and medium 6.00® 10.50 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 700; market, steady. Medium and choice ....$ [email protected] Cull and common 5.00® 8.00 —Sheep— Receipts. 200; market, steady. (Shorn basis.) Lambs, good and choice $ [email protected] Common and medium 7.50® 9.00 Spring iambs 10.004i15.00 Ewes, medium to choice 4.00@ 5.50 Cull and common 2.00® 4.00 Other Livestock Du United Press CHICAGO. Mav 9.—Hogs—Receipts, 14,000; including 4,000 direct; strong to 10c higher; top. $10.45; bulk 160-300-lb. weights, $10,104/10.40; 120-150-lb. weights. $9,754/ 10.35; butchers, meduim to choice, 250-350 lbs., 59.754t10.30; 200-250 lbs., $9.90® 10.45; 160-200 lbs., [email protected]; 130160 lbs., $9,754/) 10.45; packing sows, $8.85 4t9.60: pigs, medium to choice, 90-130 lbs., s9® 10.25. Cattle—Receipts, 1,000: calves. 1,000; very slow market on most killing classes, local buyers not much interested and shipping demand narrow; lower grades predominating; best mixed yearlings, $13.50; most steers and yearlings, $10.50 down to $9.25; slaughter classes, steers, good and choice, 1300-1500 lbs., $12.25® 14.75; 1100-1300 lbs.. [email protected]; 950-1100 ibs., $11.504714; common and medium, 850 lbs. up. SB4/ 12.50> led yearlings, good and choice. 750-950 lbs., sll4/14; heifers, good and choice, 850 lbs. down, [email protected]; common and medium. $7.504i9.75; cows, good and choice. $7.25479.75; common and medium, $5,754/7.50; low cutter and cutters, $4,254/5.75; bulls, good and choice, beef, $7.35@9; cutter to medium. [email protected]; vealers. milk fed. good and choice, $9.504 i) 12: medium. SB4/9.50: cull and common, $5 4/8: Stockers and feeders steers, good and choice, all weights, [email protected]: common and medium, sß4*lo, Sheep—Receipts, 15,000; market, very slow; indications steady to weak: talking, $9.754710.10 on shorn lambs. $10.50© 11 on strongweight woolskins; fat shorn ewes mostly $5.75 down; medium to good California springers. $11.50 down; natives, sl2 down: lambs, good and choice, 92 lbs. down, 99.35(810.35: medium, s9® 9 50- cull and common. $8479; medium to choice, 92-100 lbs. down. [email protected]; ewes, cull and common, $2.25®4.50. Ru United Press EAST ST. LOUIS. 111.. May 9.—Hogs— Receipts. 11.500; market. 5 to 10 cents higher; bulk; 160-260 lbs., $10.204710.35; most sows. $9. Catltc—Receipts, 800. Calves— Receipts. 700; market, vealers steady at $10.50: other classes too scarce to make a market. Sheep—Receipts, 1,000; market, no early sales; asking steady. Du United Press TOLEDO. 0.. Mav 9.—Hogs—Receipts, 600; market, steady: heavies, $9.854/80; mediums, $10.25® 10.40: yorkers. $9,504/ 10; pigs, $9,504/10. Cattle—Receipts, light; market slow on steers active on cows. Calves—Receipts, light; market, steady. Sheep—Receipts, light; market, steady. CLEVELAND. Ohio. May 9.—Hogs—Receipts, 1,200; holdovers, none; top. 5 cents lower but bulk steady to 5 cents higher, 150-210 lbs., $10.604410.70; 220-250 lbs.. 510.504L10.55; 250-300 lbs.. $10.35; rough sows. $8.75; stags, $6.75; 25 cents higher. Cattle—Receipts 50; practically at standstill, few' steers around, $9.504710; low cutter cows at $5. reflecting week’s decline. Calves—Receipts. 150; active strong: spots, 50 cents higher: be.tter grades. $11.50® 12.50; common and medium. $84711. Sheep —Receipts, 500; still a forced market to local killers, bulk la/nbs, $10.50 down; steady, a package crine, sll. common to medium, $8479.50. Bu United Press CINCINNATI. Mav 9.—Hogs—Receipts. 3,050; including 750 direct; held over. 520; better grades. 170 lbs. up. steady to 10c lower: grassy, thin descriptions neglected with bids 50c and in spots $1 under desirable kinds: light lights and pigs, steady; sows, weak to 25c lower; top. $10.60: bulk, better grades. 170-230 lbs., $10,504/10.60; largely $10.50 late: 230-260-lb. averages. $10,254/ 10.50: 270-325 lbs.. $9,754/ 10.15: 120180 lbs.. $10; sows. 53.50@9; mainly, $8.75 Cattle— 250; calves, 360; fe steers around 25 c lower: fat heifers, steady to weak; other classes about steady: slaughter steers and heifers, largely $9.50 @11.50; good, 632-lb. heifers up to the latter price: most cows. s7© 8; cutter grades. $54/6.50: bulls. $7478: vealers. unchanged. top. $10.50; bulk undergrades, $7 4/9: mostlv. sß@9. Sheep—Receipts. 260; spring lambs, steady to weak: spots, 50c lower; few chance handy weights. $12.50; bulk better grades. $104712; medium, $947 10: common. $8 and less; few mutton ewes, $5 down steady. Bu Times Special LOUISVILLE. Ky., Mav 9.—Hogs—Receipts, 900; market steady: 300 lbs. uu, : $8 225 to 300 lbe.. $9.60; 165 to 225 lbs.. $10.20; 130 to 165 lbs.. $9.40; 130 lbs. down. $7.40; roughs $6.85; stags. $6.25. Cattle—Receipts. 100; market, steady; prime heavy steers. [email protected]; heavy shipping steers. $9.50® 10.50: medium and plain steers. $8,504/9.50; fat heifers. $7.50© 11; good to choice cows. $6.25@8; medium to good cows. $5,254/6.25: cutters, $4,754/) 5.25; canners. [email protected]; bulls. $64/8; feeders. SB4/ 10.75: stockers. $7,504/11. Calves—Receipts. 200: market, steady; tops. $9: good to choice s7©9; medium to good.) $5.50@7; outs, $5 down. Sheep—Receipts. 500: market top lambs 25c lower; others steady ewe and wether lambs. $12.25; buck lambs. $11.25; seconds and fed lambs. sß© 9: dipped sheep. $4475: Thursday's ehipments: Cattle, none: calves. 94, hogs. 290; sheep. 1,164. Bailey’s Painting Accepted Ru Unind Press PARIS, May 9.—A painting by James G. Bailey, former member of the Kentucky state legislature and later American diplomatic representative in Europe, has been accepted for the Paris spring salon, it was made known today.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS Xfw York Stock Exchange Chicago Stock Exchance New York Cotton Exchange Chicago Board of Trade New York Curb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501

DOW JONES SUMMARY

Federal reserve board's condition statement as of May 7 shows decrease for week of $34,000. $34,400,000 in holdings of bills bought in open market. Member banks deposits declined $35,300,000 and federal reserve note circulation $14,300,000 National Grocer Company. April sales $1,886,187 against $1,140,258 in April, 1929. Exchange Buffet, April sales $584,527 against $585,975 in April 1929. Twelve months, $6,663,651 against $6,050,595. A G. W. I. steamship lines, 192 earnings 910.93 a share on 193.512 common shares against $4.71 a share on 137.429 shares of preferred in 1928. Coca Cola Corporation quarter ended March 31, net profit $662,330 after expenses, against $474,787 in first quarter 1929. Declared regular quarterly dividend of $3 on common and regular semiannual dividend of S3 on Class A stock, both payable July 1, record June 12. Metro-Goldwyn Picture Corporation declared regular Quarterly dividend of 47% cents on preferred, pay June 14. record May 29. Thursday's range of average price of thirty industrials, high 266.11. low 257.74. last 263.93. up 0.24: twenty rails, high 142.25. low 140.74. last 141.82, Off 0.34: twenty utilities, 97.61. up 0.66. Gameweil Company and subsidiaries in ten months ended March 31. 1930, earned $7.10 against $5.83 in same period a year ago. Senate interstate commerce committee submits unfavorable report on Couzens ’•esolution to suspend railroad consolidations until general merger plan is approved by Congress. Allis-Chalmers Manufacturing directors re-elected. Safety Car Heating and Lighting directors re-elected. Addressograph International Corporation first quarter earnings 88 cents a share against 72 cents a share in like 1929 period. Henry L. Doherty Company to construct a series of skyscrapers in financial district of New York. First unit to be a 63 story structure to cost $15,000,000. Brokers loans decreased $200,000,000 in week to $4,074,000 000. Federal reserve system at 83. per cent against 82.5 per cent week ago and 74.3 per cent a year ago N. Y. ratio 83.4 per cent against 84.3 per cent and 77.8 per cent respectively. No announcement on rediscount rate which remains at 3 per cent. Crown Cork International Corporation year ended Dec. 31, net profit $415,166 after depreciation, interest, income taxes and minority interests.

Indianapolis Stocks

—May 9 Bid Ask Amer Central Life Ins C 0... 1,000 ... Belt R R & Yds Cos com 61 63 % •Belt R R & S Yds Cos pref. 56 60 Bobbs-Merrill Cos 30 33 V, Central Ind Pow Cos pfd 92 94 Circle Theater Cos com 105% ... Citizens Gas 27 ... Citizens Gas pfd 96 99 Commonwealth L Cos pf 7%... 97 102 Commonwealth L Cos pf 8%.100 Hook Drug Cos com new... 24 26 Ind Hotel Cos Claypool c0m...125 Indiana Hotel Cos pref 101 Indiana Service Corp pref .. 85 Indianapolis Gas Cos common.. 57 61 Indpls Power & Lt Cos pfd....104 106 Indpls Pub Wei Loan As com 53 Indpls St Rv Cos pfd 10 11 Indianapolis Water Cos pfd... 98 •Interstate USCopr6% Lpf 89% 93 Interstate P S pr 7% 101 103% Metro Loan Cos 98% ... •Northern Ind P 5%% co pfd 91% 94% •Northern Ind Pub 6% co pfd. 99 103 •Northern Ind Pub 7% co pfd. 106 Progress Laundry Cos com... 46 48V2 E Raub & Sons Fer Cos pfd... 44 Real Silk Hosiery M Inc pfd. 97% ... Shareholders Investors C 0... 24% ... Standard Oil Cos of Ind .... 53 •Terre Haute Trac L Cos ofd 69 ... Union Title Cos common 43 48% Van Camp Prod Cos Ist pfd. .. 98 Van Camp Prod Cos 2nd pfd .. 98 •Ex-Dividend —Bonds— Belt R R & Stock Cos 5s 91 Broad Ripple 32 Central Indiana Gas Cos 55.. 99 Central Ind Pov.er Cos 65... 99% ... Citizens Gas Cos 5s 102 Citizens Street Railroad 5s 40 41 Gary St Ry Ist 5s 65 Home T & T of Ft Wayne 65.101% .. Ind Northern Trac Cos 5s ... 3 5 Ind Rv & Light Cos 6s 97 Indiana Service Corpn 55.... 83 Indpls Power & Light Cos ss. 98 100 Indiana Union Trac Cos 5s 7 Indpls Col &Cos Trac 6s ‘95% ... Indianapolis Gas Cos 5s 98% ... Indpls & Mart Rapid T Cos 6s Indnls No Trac Cos 5s 10% 15 Indpls North Western Cos 5s Indpls Street Rv 45...* 32 36 Indpls Trac Ter Cos 5s 87 Indpls Union Ry 6s 1001* ... Indpls Water Cos 5%s 102 103% Indpls Water Cos 5s 85 Indpls Water Cos lieu & ref.. 92% 94% Indpls Water 4%s 93% ... Indpls Water W Sec Cos 5s ... 85 Interstate Pub Serv Cos 4%8.. 91 No Ind Pub Serv Cos 5s 98% ... Interstate Pub Serv Cos 4%5... 91% ... No Ind Pub Serv Cos 5s 100 ... No Ind Telegraph Cos 6s 97% *OO T H Ind & East Trac Cos 55... 65 T H Trac Light Cos 5s Union Trac of Ind Cos 6s 21 24

New York Bank Stocks

—May 9 Bid. Ask. America 129 131 Bank of United States 65 6514 Central Hanover 384 388 Chemical 74% 75 Continental ... 35 36 Empire 90 92 Interstate 50 51 Manhattan & Cos 131 132% New York Trust 287 293 Bankers 164% 165% Brooklyn Trust 820 840 Chatman Phenix National ....133 135 Corn Exchange ?07 209 Public 161 163 First National 5,900 6,050 Manufactures 131 134 Commercial 500 510 Irving 60** 61 %

The City in Brief

Dramatic advertising with a more direct appeal to the public to purchase the article advertised, was urged Thursday in a talk by James H. Buswell, Kalamazoo, Mich., before the Advertising Club in the Columbia Club. Mrs. Walter S. Pritchard of Des Moines, la., chairman of the insurance committee of the department of American home in the lowa Federation of Women’s Clubs, will speak at the luncheon meeting of the Indianapolis Association of Life Underwriters Tuesday in the Spink-Arms. Films of South American countries will be shown Saturday morning in the Children’s museum by Roderic Rae, head of the visual education department of public schools. Mrs. Kate Milner Rabb of the Indianapolis Star was elected chairman of the citizens’ library advisory committee Thursday. Professor John J. Haramy, Indiana Central college, will speak at a dinner and reception of the Intercollegiate Cosmopolitan Club Saturday night at Butler university. Pupils of School 75, Belle Vieu place and Fourteenth street, will present a costumed cantata in the school auditorium at 7:30 tonight. Fifty boys and girls will take part in the operetta, directed by Mrs. Iva Shumate. Miss Dora Thrine and Miss Esther Sandstrom. teachers.

WESTERN UNION TO SPEND HUGE SUMTHIS YEAR Installation of New Lines and Other Equipment Is Planned. Plans of the Western Union Telegraph Company to spend $45,000,000 for landline construction, improvements and other plant expenditures this year, wereannounced today by Newcomb Carleton, president of the company. Western Union proposes to push forward this year a steady, nationwide improvement and expansion of facilities, Carlton stated. The year’s program is in line with President Hoover’s nation-wide construction program, which is designed to aid business now shown by telegraph revenue to be improving. Big Program This year’s program, he pointed out, calls for one of the largest expenditures for physical improvements in the history of the company, exceeding 1929, in spite of the fact that the greater portion of the cost of the largest telegraph building in the world, now near completion on the block bounded by Hudson, Worth and Thomas streets and West Broadway, New York, was charged to last year’s building program. The cost of the new building, which is considerably larger than the Woolworth building, will be about $13,500,000, of which the structure without operating equipment required about $10,500,000. Inclusion of the greater part of this expense in the 1929 figure swelled last year’s total. Figure Grows Line construction and replacement, including pole lines, conduits, land cables and wires alone, will cost $14,500,000. Expenditures for similar purposes in 1929 totaled $44,793,000. The figure has grown year by year, in line with the Western Union policy to add every facility which will bring about faster and better service to the public, even at great cost, in the belief that business will follow service. One of the programs being pressed to completion this year is the installation of 10,000 high-speed tickers throughout the United States. Another is the installation of 10,000 Simplex printers and affiliated central office equipmet, including 100wire concentration units for terminal switching. Births Girls Walter and Lorena Campbell, Methodist hospital. Walter and Claribel Thompson. 1413 St. Paul. Harvey and Jessie Fergus, 529 North Oxford. John and Corrine Dehn, 227 North Tacoma. Sheridan and Olliei McKenzie. 566 North Traub. Boys Clvde and Mabel Bartlett, 502 South Holmes. Fred and Frances Totten, 1460 South Richland. Carl and Lorina Simon. 1033 North Bancroft. William and Opal Endicott, 1205 Ewing. Deaths George Wise Gaunt, 67. 142 South Bancroft, carcinoma. John Clelland. 50. National Malleable Casting Company, accidental. Frederick J. Rothert, 47, 958 Hervery, pulmonary tuberculosis. Lena Abrecht. 72. 2502 West Tenth, cerebral hemorrhage. John S. Kafoura, 65, Methodist hospital, septicaemia. Effie Huff, 44. St. Vincent’s hospital, nephritis. Robert Michael. 66, Long hospital, arteriosclerosis. Charles A.* Chambers. 55. Fall creek, drowning. George C. Flanders. 82. Methodist hospital. cerebral hemorrhage. Frank Bell. 69. 237 West Twelfth, ! chronic interstitial nephritis.

NEW ISSUE * TAX EXEMPT EVANSVILLE, INDIANA 4v*% School Bonds Price 103.42; to Yield 4% Dated May 5, 1930 Due May 5, 1950 Denomination SI,OOO Interest Payable May 5 and November 5 (First Coupon Due November 5, 1930) These bonds constitute a direct general obligation of the School City of Evansville, Indiana, and are payable from unlimited ad valorem taxes Legality approved by Matson, Carter, Ross & McCord Financial Statement Assessed Valuation . . . $139,444,640.00 Total Debt $1,708,500.00 Population 114,000 Evaasville, incorporated in 1847, is the fourth largest city in the State, and is the leading railway, commercial, wholesale, and distributing center of southern Indiana FLETCHER AMERICAN COMPANY INDIANAPOLIS

Business — and — Finance

Formation of anew company, under a Elan for the consolidation of the Dye tuffs and Chemical division of the Newport Company with the International Printing Ink Corporation, was announced today by Dillon. Red & Cos., bankers for both companies. The consolidated company will have assets exceeding $25,000,000 and an authorized capitalization consisting of 350.000 shares of cumulative preferred stock *IOO par value! and 2.000,000 shares of common stock without par value, of which there will be outstanding as contemplated by the plan 119,239 shares of preferred stock and 657.844 shares of common stock. Net earnings of the proper* ies to be combined, available for dividends. totaled $3,500,000 for the year 1929. Bickford’s Inc., chain restaurant, for April reporta gross sales of $484,223, against $422,858 last year, an increase of $61,364 or 14.5 per cent. For the four months ended April sales totaled $1,909,278, against $1,714,694 for the same period last year, an increase of $194,581 or 11.3 per cent. National Shirt Shops. Inc., for April reports gross sales of $335,371 against $285.80S for the same month last year, an increase of $49,565 or 17.3 per cent. For the four months ended April 30 sales totaled $1,290,106 against $1,105,523 for the same period last year, an increase of $184,583, or 16.7 per cent. Kline Brothers Company, chain department store for April reports gross sales of $463,890 against $348,656 for April last year, an increase of $120,234 or 85 per cent. Sales for the four months ended April totaled $1,227,824 against $1,156,818 for the same period lost year, an increase of $71,506 or 6.2 per cent. F. & W. Grand-Silver Stores. Inc., for April repo' > gross sales of $2,686,682 against $2.1../.948. an increase o 1 $531,733 or 24.6 per cent. For the lour months ended April 30. sales totaled $8,545,539 against $7 559,318 lor the same period last year, an Increase of $986,220 or 13 per cent G. C. Murphy Company, for April reports gross sales of $1,290,648 against $1,112,839 lor April 1929. an increase of $178,309 or 16 per cent. For the four months ended April sales totaled $1,401.929 against $4,035,413 for the same period last year, an increase of $366,516 or 9 per cent. Metropolitan Chain Stores Inc., for April reports gross sales of $1,348,472 against $1,131,646 for April last year, an increase of $216,826 or 19.16 per cent. For the four months ended April 1930. total sales were $4,345,758 against $3,961,585 for the same period last year, an increase of $384,173 or 9.69 per cent. JOCKEY KILLED IN FALL Alfred Williams, Steeplechase Rider Dies at Pimlico. BALTIMORE, Md., May 9.—Alfred Williams of Westchester, Pa., steeplechase jockey wlio was injured Thursday in a fall at Pimlico, died today at South Baltimore general hospital. Williams, riding Royal Town, was thrown at the first water jump in the Glenmore Steeplechase and before he could roll clear, Lizard, ridden by P. Watkins, landed on him.

You Can Go—- * Most Americans cherish a wish to see the many points of historical and romantic interest in Europe. New—this season -such a trip is within reach of the average man or woman. Rates are reasonable—surprisingly so. Drop in and let us show you the wide variety of trips and cruises to Europe planned for this year. Plan to make your vacation really worth while. Riehad A. Kurtz, Manager Travel Bureau “The Leading Travel Bureau of Indianapolis” SUN lON TRUSTS 120 East Market St. RI ley 5341

PAGE 25

STOCK SHARES SHOW WEAKER TONFAT NOON Irregularity Is Feature of Dull Session; Money Rate Steady.

Average Stock Prices

Average of thirty industrials for Thursday was 263 93. up .24. Average of twenty rails was 141.82. off 34. Average of twenty utilities was 97.61, up .66. Bu United Press NEW YORK. May 9—Optimistic statements on business conditions in general and the steel industry in particular together with a decline of $200,000,000 in brokerage loans for the week prevented bearish operations from gathering headway on the Stock Exchange today. Prices moved back and forth during the morning. Around noon the list was irregular with the majority of leaders slightly above previous closing levels. Market Slow A feature was the lethargy of the market. Tickers were idle for several minutes at a time. In the first half hour the list ran at the rate of only a little more than 3,000,000 shares for a full day. United States Steel was driven down to 167 V 8 shortly after opening firm, but around noon it was at 168 %, up 3 ,i point net. At that time Vanadium was down % at 100'Ti; American Can, up % at 137’*; General Electric, unchanged at 77%; Westingiiouse Electric, up 1% at 173%; Eastman Kodak, up 4% at 243%. Utilities Up Utilities generally were higher, with Electric Power and Light up 2 at 83 3 i; American Telephone, up % at 246; American Water Works, up 1% at 111, and others fractionally higher. Oils were up slightly. Call money renewed at 3 per cent and was steady at that rate. Shortly after noon prices dipped downward again, with United States Steel again breaking through 168. United Aircraft and Transport met heavy liquidation, dipping to 64%, off 2%. Loew s ruled strong at anew high for the year at 94%, up 3% points.

Local Wagon Wheat

City grain elevators are paying 93c for No. 2 red wheat and 88c for No. 2 hard wheat.