Indianapolis Times, Volume 42, Number 1, Indianapolis, Marion County, 12 May 1930 — Page 11

MAY 12, AO.

WHEAT MARKET DOWN IN EARLY MORNING SALES Weather Reports, Weaker Cables Are Bearish Influences. St/ T'liitr/I rrrnn CHICAGO, May 12. Wheat opened around steady to fractionally lower on the Board of Trade tcday with selling moderate and buying scattered. Liverpool started weakly on abundant rains in Australia and the poor response here Saturday to the government report but had a fluctuating tendency upward on a good spot demand and disappearing stocks. Buenos Aires opened ‘i cent 'ower. Corn and oats were about steady. At the opening wheat was unchanged to cent lower, corn was unchanged to V cent lower and oats was unchanged to ’* cent lrgher. Provisions were steady. Liverpool was not as strong as was expected at the opening but firmed up later standing unchanged to % cent higher at mid-afternoon. Wheat traders who have accepted the government figures as showing the real condition of wheat are inclined to buy rn the breaks but local sentiment is still bearish, believing that the report .s misleading. Conservatives buy on dips to around the dollar mark but expect no sharp advance, unless something decidedly bullish turns up A large decrease is expected in the visible supply this afternoon. Corn has been moving rather narrowly. On breaks country offerings dry up but advances increase the movement. The condition of corn is fine and the prevailing idea that there has been an increase in acreage serves to depress the trade slightly. Traders are keeping their eyes on wheat. The principal activity in oats is confined to the cash trade with the futures swayed alternately by this and the trend of the other grains. Chicago Grain Table —May 12— WHEAT— Prpv. Open. High. low. Close. Close. Mav.. 102', 1.04 102 103% 1.02 % July.. 1.02*4 1 04% 102'.. 104', 1.03 Bfpt. 1.05% 1 07 1 1 IDS'* 107'-, 106'4, Dec... 1.10 Vr 1.12’* 1.10 1 12*8 1.10% CORN Mav.. 78 .79% .77", .78% 78', Julv . 78', 80', .73", 30 70 S?pt.. .79', SOU 79 ’,, 80% .79% Dec 74', 75'.! .73', .75’, 74', OATS May. .41', .42'4 41’, .42 .41’, July.. .40’, 41 .40', .41', .40’/, K-pt.. 40 .40'* 3 SI 7 , 40', 40 Dec _ .43 .43 .42% .43 42% Mav.. .58', 60 .53', .60 53'-, ,1-jlv.. .62’, .64', .62', 61', .62’, Sept.. .66’, .68', .66% .68’, .66 7 , Dr-- . .70 .72.70 .72', .70', LARD Mav. 10 30 10.30 10 27 10 27 10 22 July. 10 27 10 32 10 27 20 32 10 27 Sent 10.50 10 52 10 27 10.52 10.50 IIELLIE3 May. 14.00 14 eo 14 00 July 13.55 13.55 Sept 13.62 13.62 r.u I '.me* S/irrinl CHICAGO. Mav 12 Csriots: Wheat. 28. corn. 87: oats. 58: rye. 0. and barley. 9. Hu I ittrd I’rr** CHICAGO. May 12.—Cash grain close: Wheat No. 2 hard. $1.03: No. 2 mixed. $1.02 ',: No 2 yellow hard. $1.01';. Corn - No. 2 mixed. 79'jc. No. 3 mixed. 79'.<c: No. 1 yellow. 80’,c: No. 2 yellow. V9 : V</30 s c: No 3 yellow. 79 ?79%c: No. 4 yellow. 76' c: No. 6 yellow. 75c; No. 2 white. 81 ',c; No. 3 white. 81 ',c: sample grade. 73c. Oats No. 2 while. 430 43', c. No. 3 white. 41 %'w 41 %c; No. 4 white. 404'41%c sample erode. 404,40' jC. Rve—None. Barley- 52 "59*. Timothy $7/, 8.50. Clover—slo.2s 4 17.75. pu I ,1 it. it Pr.** TOLEDO. Mav 12.- Gram close: Wheat— N0.2 red. $1.11*24,1.12',. Corn-No .3 yellow. 84'"25c. Oats- No. 2 white. 47%5; 49' -c. Rvr No. 2. 85r. Bariev—No. 2. 62c. Clover - Domest'e. rash. new. $11.75: prime r'loiee. sl2 October, $12.60: D-remher. sl2 30 Alsi!:—Cash. sll. Timothy—Not rooted Butter—36't, 40c. Eggs—2o4,22c. Her—sl.2s cwt.

Local Wagon Wheat

Citv crain elevators are paying 96c for No. 2 red wheat and 90c for No. 2 hard wheat. Births Boys .lames and Ruby Baker. Christian hospital Carl and Vera Elmore. St. Vincent s hospital. John and Nydia McNutt. St. Vincent hospital. H-rbert and Lucille Fatout. St. Vincent's hospital. Raymond and Pauline. Coleman hospital. W'llltam and Doris Mvcrs, Coleman hospital. Walter and Hattie Owens. Coleman hospital. Ralph and Lo-ene Sstlerlee. Coleman hospital. Carl and Helen Davis. 1726 Avon. Archie ana Lucy Stewart. 2010 Cornell. Veldie and Velma McCoy, citv hospital. Herman and Clara Lents, city hospital. Andrew and Mabel Jackson, citv hospital. Harold and Pearl Stephens citv hospital. R. E and Jeneva Stuckev. 820 Elm. Frank and Alta Henry. 2106 East Thirtieth. Dorset • and Clara Baxter. 1272 West New York Ralston and Hazel Evan*. 1520 North Missouri. Girls Fred and Flora Cunningham. 2826 Chester Granville and Mary Toler. 2623 North Sherman drive Robert and Leila Ringwalt. 1116 North Capitol Herman and Alma Baumgartner, Coleman hospital. Harry and Ruth Clark. Coleman hospital. • Ravmond and Pauline Cox. Coleman hospital. Henry and Harriet Frenzet, Coleman hospital Elmer and Alice Greathouse. Coleman hospital. Llcvd ad Ruby Marttndale. Coleman hospital Herbert and Florence Selzer. Coleman hospital. Clonon and Zora Bunch. 302 South Randolph . Herman and Clara Lents, city hospital. James and Agnes Watson, city hospital. Earnest and Goldie Wright, city hospital. Horm and Virginia Gilsapy. 3121 North Caiifo-nia. Lou; and Leona Flynn, 1226 North Colorado. Harry and Hazel Underwood. 3082 ■Carson. Henry and Viola Caldwell. 2202 North Arsenal. Frank and Alta Henry. 2106 East Thirtieth. Deaths Frank Catanzarita. 49. Methodist hospital. septicaemia. Infant Reid. 5 hours. Methodist hospital, atelrcatsis. Edith Y. Mvers. 19. city hospital, cerebrospinal meningitis. Kav Fisher. 36. Methodist hospital, peritonitis. Virginia Mav Richardson .26 days. 150S Wedison. septicaemia. Rueben C. Allen. €2. citv hospital, broncho pneumonia. 1 ouanna Wnite. 58. Methodist hospital. Inanition. Ada O Bannon Si’cox. 50. city hospital, carcinoma. Alice Seiler. 72. 1729 Central, chronic myocarditis. Robert Lewis Phillips. 1. 207 West Twen-ty-ninth. broncho pneumonia. Anderson Craig. 43. 515 Patterson, acute myocarditis. Marv A. Knight. 67. 11l East St. Clair, acute dilatation cf heart. George Shockley. 79, 5308 Lowell, arteriosclerosis. Emma K. Chandler. 77. 22 Meridian Aot*.. cerebral hemorrhage. Claude M. Wilson. 37. Methodist hospital. influenaa. James Robert McNarv. 1. St. Vincent's ho*’iltel castro enteritis. R. Voilrath. 45. 1318 North La Sel'.c cirdio renal vascular disease. Mantle Sarrason. 53. 218 North Rural, apoplexy Fannie M. Weghorst. 53. 4401 East Wash-ln-'on. c-rebral pop’.e-v. Alice ’Matilda Karl. 63. 533* North Keystone. cardto vascular renal disease. NEW YORK COFFEE RANGE —May 10Close. M*y *7O July * 50 September 8.35

New York , Stocks j fßv Thomaon * McKinnon) —May 12— Prev. I Railroad,— High. Low. 11:30. Close Atchison ... 225 Balt & Ohio 115’, ... ! Chesa k Ohio 212', . I Cheas Corn ... 69’, 69’, | Chi Grt West 14’, 14% I Chi N West 82>, 82 82'* ... CRI&P 111, 'Del k Hudson 172'i ; Erie 47% 48', i Great Northern. .. •• 93 ! Gulf Mob k Oil. 38’. 37’, 38’, 36', Illinois Central 123 l 2 1 Kan City So $2% MX& T. . .. 57’, 55'2 56 54 7 , Mo Pacific pld 123'a N Y Central . 174'. 173', 174 174’, | NY NH fc H 114 113 114 113% i Nor Pacific ... 83 7 83 i O At W 12 7 ... Pennsylvania .. 78', 78 78', 78 ! Seaboard Air I••• J'* So Pacific - ... 122', Southern Rv 115 IH% St Paul 21 20’, St Paul pld 34’, 33’, St L A: S F 114', I Union Pacific ... 2253* ] Wabash 50’4 . . W Marylano . 38’, 28 28% 28', J West Pacific 21 Equipments—- | Am Car k Fdy S2’i I Am Locomotive. 66', 66 66 66', Am Steel Fd .. . 43 Gen Am Tank 104% 104 > 105 s , 104’, General Elec . 82'.a 81% 82 82% Gen Ry Signal ... 90’, Lima Loco ... ... 34 % Man El Sup .15 1‘ % 15 15 7 , Press Stl Car 10', 10 10', ... I Pullman . . ... 79 7 , 78'a 79', 79% Westtngh Air B 43'., 42'2 43', 43 Westingh Elec. .178’, 175'2 176 178*2 Rubber,— Firestone ... .. 26 Fisk 3% 3’, Z% ZV Goodrich 41’, ... Goodyear . 84 83', 83', 82 Kelly Sprgfld... 4>. 4% U S Rubber 28’, 28 28;* 281a Motors— Auburn 194 185', 185' 2 195 Chrysler 33'23372 7 33'2 33 ‘Gardner ’'4 4 4‘, 4 1 , 'General Motors 47 7 , 47', 47’2 47’/, Hudson 44 ' , 43’, 44'2 44'2 Hupp . . 19'2 Mack 68’, 68>2 63% 68 ! Marmon .. . 22'4 1 Nash 42', 42 ! Packard 18', 18 18', 18', ! Reo . - 10', Studebaker ..33 7 , 36', 36', 36% Yellow Truck . 29’, 27’, 23’, 27',2 Motor Access— Bendix Aviation. 42% 42 42‘, 41 Borg Warner ... 39 BrlgßS 21 20' 2 21 21 Eaton 28’, 28 28*4 28 1 El Storage B 70 Hayes Body .... 11’, 10 7 , 10 7 , 11’a i Houda 23’, 22 7 , 22 7 , 23’, Motor Wheel . . 30 29 30 28 : Sparks W . 23’, 23 23'2 22 7 Stewart Warner. 27 7 , 27', 27 7 , 27 s , Timken Roll ... 76 75 Mining— Am Metals 44’, 43 1 a 44’ 2 43 7 Am Smelt 73 72 72', 71‘/a Am Zinc . ... 11 Aanconda Cop.. 63’, 62 62’, 60 7 , Cat A Hecla . 20 19 1 2 19 7 19 s , Cal k Ariz ... . 65’, Cerro de Pasco.. 57*2 56 57*2 56 Freeport Texas.. 48% 47’, 48'i 47’, Granby Corp . 35'2 35 35 31% Great Nor Ore.. 21'* 21 Howe Sound 33 32’, 33 31', I Int Nickel 35 34*2 34', 34 s , Inspiration . .. 21 2OS 20’, 20', i i Kennecott Cop.. *9’, 48% 48 7 , 48* 1 1 I Magma Cop .. 37’, 37', 37", 37’,, i Miami Copper.. 21’, 21 21*4 20', | Nev cons 22’, 22 22’, 21’, Texas Gu! Sul.. 61 s , 69'i 60', 59'' 2 U S Smelt 29'2 29 23’.2 28 s , I Oils— Amerada ... ... 25 Am Republic ... ... 25 T ANARUS, Atl Refining . 43 43 Barnsdall 27 5 , 27 27', 26'2 Houston 99 97 1 2 99 97',2 Ind Oil 26*4 Indian Refining ... ... 19' > Mex Seaboard.. 28 27*i 27’k 27% Mid Conti 28 7 , 28 s , 28 s , 23*2 Pan-Amer 181. 61 s , 61-, 61 s , 61 Phillips 41’, 40 7 a 41 41’, 1 Pr Oil k Gas ... 47 7 , ... Pure Oil 23 * Richfield 23 s , Shell Un 22’, 22 s , Simms Pt ... 29'2 28’, Sinclair 27% 27’i 27'2 27% Skclly 35 | Standard of Cal 70'4 70 70 70 ! 2 Standard of N J 77', 76’4 76’, 77 Standard of N Y 36'2 36', 36', 36>2 ! Texas Cos 53 57% ! Steels— Am Roll Mills.. 74' 2 74 74’, 74 s , Bethlehem . 96", 96% Byers A M 92% 91', 92% 90V, Colo Fuel ... 60 59’, Crttc Steel 77’, Ludlum 32 s , 32 1 2 32'2 33 Midland 35 34% 35 34 Newton 50'2 50 50% 47*2 U S Steel 173' 2 171*4 172’ 2 172’, Vanadium 107 1053, 106 7 , 106% Youncst S k W ■ 38 Tobaccos— Am Sumatra ... 16 Am Tobacco !A) . . ... 212’, Am Tob <Bi . 255*4 263'2 263*4 265’, Con Cigars 44*4 ... General Cigar . . . . . 53 Lig A- Myers B . 109 7 , mo 109 109’4 Loriliard 24 s , 24*4 24*4 24% Reynolds Tob .... 52 51’, 51’4 52'/, Tch Pr A... 11 It United Cig 6 Utilities— Atttibl 32’, 328, Atams Exp ... 40', 30% |Am For Pwr 82% 80% 81'* 81’., Am Pwr k Li. .107 105% 106% 103 AT&T 248 217’, 217’, 148 Col Gas &El 79’, 78% 79’, 79’, Com & Sou .... 17’, 17*/, 17’, 17*4 El Pwr & LI 91’, 90 90*4 90*, Gen Gas A 15’, 1414 14V, 18'/, Inti T & T 65 63’, 64 64’/, No Amer Cos. .120’, 120 120% 119 s , Pac Gas & El . . 68', 67*4 Pub Ser N J .. 114 113’, 113'* 114 So Cal Edison .. 65*4 64'/, Std G & El 117 116 117 117' a United Corp . 47*i 46*4 46 7 ,47 V, Ut Pwr & L A.. 41 s , 41 41 41*4 West Union ... 181% 181V* Shipping— Am Inti Co-p... 44 43 7 e 43% 43% Am Ship & Com ... ... 2% Inti Mer M pfd 27 United Fruit 92 Foods—i Armour A s’, s s , B s , 5*4 Beechnut Pkg ... ... 57 % Cal Pkg 68'is Car. Dry 63% 62*4 62'4 63 Chi'.as Cos 61’, 61 1 , Coco Cola 178 7 , 178% Cont Baking A . ... 29’, Corn Prod 105’, 105*2 105'2 105’, Cudahv Pkg 44*, 43*4 Cuban Am Sug 66, Gejl Foods . .59 58% 59 59 Grand Union ... .. ... 17*4 17 Hersev 102 7 , 102 102 101 Jewel Tea 59', 58*4 58% Kroger 37' 2 37 37% 36 Nat Biscuit .... 86 85 s , 86 86% Pillsburv ... ... 33 Safeway St . 90*4 92 I Std Brands 23% 23', 23% 23% j Ward Bkg 11% Drugs— Cov Inc 28% 28 28% 27% Lambert Cos ...100% 100% 100% 100% Le'in & Fink 31 Industrials— Am Radiator .. 34 33% 34 32’, Bush Term ... 41 40% Certainteod ... 9 ! Gen Asphalt ... . . 56% ; Otis Elev 74% 73% 74*2 74% Indus Chems— I Allied Chem ... 314’, Op 1 So tv 32% 31*2 31% 32% U-'an Carb 88% 87 87V, 87*, U S Tid Alco 90*4 Retail Stores— Assoc Dry Goods 42% 42% 42% 42 Glmbel Bros ... 16% ... Kresge S S 30'4 May D Store 54', i I Mont Ward 43 41% 42 s , 42% I ! Penny J C 70 68’, 69*4 69% Sears Roe 83% 82 83*4 81 s , ! Woolworth 64% 63% 64', 63*. : Amusements—- ! Bruns Balke .... 19 18% 18% ... | Col Graph 29% 28*2 28% 29 I Crosley Radio.... ... 18 ! Eastman Kod . 246 245 246 246 Fox Film (A*.. 53% 52% 53% 54 : Grigsby Gru 22% 21% 22 21% i Lorws. Inc 93 92% ' 92% 92 7 , 1 Taram Fam 70 69’, 69% 69’, Radio Corp 51% 50’, 51% 50*2 R.K-O 43*2 42’, 43', 42-% I Schubert 29% 28% 29 29 Warner Bros ... 68 s , 67% 67% 69 Miscellaneous — City Ice & Fu 45% Congolvum .... 15*2 14% 15*4 14% Amer Can 141% 140', 141% 141', Cont Can 65% 65 65 55% Curtiss Wr ... 11’, 11*4 11% 10%' Gillette S R.... 85 84% 84% 84 s , Real Silk 52% 52*a

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis tank clearings Monday. May 12. were $4,254,000; debits, $6,320,000. CHICAGO STATEMENT CHICAGO. Mav 12—Bank clearings $83,200,000: balances $7,300,000. Bu l nitm Pre *. NEW YORK STATEMENT NEW YORK. May 12 —Bank clearings. $570,000,000; clearing house balance. $134.000.000: federal reserve bank credit balance. $127,000,000. Bu I'nitnl Prcx.* TREASURY STATEMENT WASHINGTON. May 12—Treasury net balance on Mav 9, was Customs receipts for the month to that date totaled $15,660,895.87; government expenditures on May 9. were $11,560,797.59. Building Permits Oliver Martin, garage. 2125 Boulevard plsc*. $250. F’.e.cher American Trust Company, addition. 42S North Illinois. $2 500. G-ace Troup, garage. 39 Adler. S2OO. Civde Pike dwelling and garage. 5684-86 College. $9,800 Pike Realty Company, dwelling and garage. 5623 North Delaware. $6,300. Pike Realty Company, dwelling and garage. 5)21 Washington boulevard. $8,150. Jesse P. Mosioa garage. 338 East New York. $250.

PORKER TRADE SHOWS LOWER TONE jT PENS Off Trend Apparent in All Livestock; Calves Are Down 50 Cents. May. Bulk. Top. Receipts. 5. $10.35 $10.35 4,500 ! 6. 10.35 10.35 4.000 I 7. 10.50 10.55 3.500 , 8. 10.40 10.50 5.500 i 9. 10.50 10 50 6.000 i 10. 10 25*710.35 10.40 2.500 ; 12. 10.254410.35 10.35 5,000 ! Pork prices held steady to lower j at the city stock yards this morni ing, most kinds “ending steady. The 1 bulk, 160-250 pounds, sold for $10.25 <>i 10.35, top price paid $10.35. Re- ; ceipts were estimated at 5,000, holdovers were 389. Slaughter classes showed a weaker trend in the cattle market. Receipts were 250. Vealers were 50 j cents lower, selling at $10.50 down. Call rceipts were 450. The sheep market was nominal with receipts of 50. Chicago hog receipts were 50,000, including 24,000 direct; holdovers were 1.000. Todays market opened | weak to 10 cents lower than Friday’s average, or steady with Sat- ; urday. A number of loads of choice ! 170-to-225-pound weights brought ; $10.25 to $10.30; 280-pound weights, $lO.lO. Cattle receipts were 20,000, sheep 20,000. —Hogs— Receipts. 5.000; mark Pt. lower. Heaiies, 300 lbs. up $ 9.504, 9 85 250-300 lbs 9.854,10.15 Med. Wts.. 225-2-0 lbs 10.154,10.35 200-225 ibs 10.254, 10.35 I Light wts., 160-230 Its 10.254,, 10.35 Light lights, 130-160 lbs 9.754, 10.00 90-130 lbs 8 754i 9.50 Packing sows 8.25fe 9.25 —CattleReceipts. 250: market, steady. Beef steers. 1,100-1,500 lbs., good and choice $11.004713.50 Common and medium 8.25® 11.00 Beef steers, 1,100 lbs. down, good and choice 11.004213.50 Common and medium 8.25®) 11.00 Heifers, 850 lbs. down, good and choice 10.504712.00 Common and medium 6.004,10.50 Co/s. good and choice 7.754, 9.00 Common and medium 6.2541. 7.75 Lower cutter and cutters 4.50®) 6.25 Stocker and feeder steers, good and choice 9.504, 11.00 Common and medium 7.00® 9.50 —Vealers— Receipts, 450; market, lower. Medium and choice $ 7.504710.50 Cull and common 5.004/, 7.50 —Sheep— Receipts, 50: market, steady. (Shorn basist Lambs, good and choice 5 9.0047 10.00 Common and medium 7.504, 9 00 Spring lambs 9.004,14.00 Ewes, medium to choice 4.004, 5.C0 Cull and common 2.00® 4.00 Other Livestock />„ I nitnl Pres* CHICAGO. May 12.—Hogs—Receipts. 50.000; including 24,000 direct; week to 10..ower than Friday or steady with Saturday; top. $10.35; bulk, 150-310-lb. weights. $104,10.35: butchers, medium to choice, 250350 lbs.. $9,754, 10.25: 200-250 lbs., $9.90% 10.35; 160-200 lbs.. 59.904 j 10.33; 130-160 lbs., $9.75®10.35; packing sows, pigs, medium to choice, 90-130 lbs.. $9„ 10.10. Cattle—Receipts. 20,000. Calves — Receipts. 2,000; very slow market, steers and yearlings predominating; bidding 25c or more lower: mose early sales, 25c offmost early sales, $9,754, 11.50; load or so up to sl3: best weighty steers held around. 514.50: slaughter classes, steers, good and choice. 1300-1500 lbs.. $124,14.50; 1100-*3OO lbs.. $11.75® 14.25: 950-1100 lbs., $11,234, 13.75; common and medium, 850 lbs. up. $7,754711.75: fed yearlings. good and choice. 750-950 lbs.. $10,754/13.25: heifers, good and choice. 850 lbs. down. $9,504, 12; common and medium. $7.254.9.50: cows, good and choice. $7.254,9.50; common and medium. $5.75477.25: low cutter and cutters, $4 25475.76; bulls, good and choice, befe. $7,254,9; cutter to medium. $6,504, 7.40; vealers. milk fed. good and choice. $9,954, 12.25: medium. $84,9.75: cull and common, $5478; Stockers and feeders, steefs. good and choice, all weights, sio„ 11.50: common and medium. $84710. Sheep —Receipts. 20,000: practically nothing done, buevsr talking 25c or more lower; best woolskins held above $10.25: best shorn held around $10: indications strongweigut shorn lambs. $9.2547 9.75: fat ewes slow, steady: California springers unsold: lambs, good and choice. 92 lbs. down. $9,104,10.15: medium. $9.754,9.25: C"ll and common. $34? 8.75: medium to choice. 92-100 lbs. down. $3,254, 9.90; ewes, medium to choice, 150 1?". down, $4,254,6: cull and common. $2.25 444.50. fin fiiitr/l Prrss CLEVELAND, May 12—Hogs—Receipts. 3.500: holdovers, 107: steady to mostly 10c lower, pigs. 25c off: medium to choice, 150210 lbs.. $10.35 to mostly $10.60: 220-250 lbs.. $10.15® 10.45; heavier butchers, $10.25 down; pigs. $10: rough sows. $8.75: stags. $6.75. Cattle—Receipts. 750: unevenly steady: common to medium steers, $8,504? 10.75: few steers and good heifers, $11.25; fat cow’s. $6,504,8: cutter grades. $3,504? 5.75: bulls. $64,7.50. Calves—Receipts, 1.000; strong, spots 50c or more higher, bulk sl2 down: few $12.50; medium. S9W 11: little under SB. Sheep—Receipts. 1.700: desirable lambs. 50c or more lower, good to choice. $9.75® 10: common and medium, $7.50479; sheep, steady. Tin f nit erf Prim* EAST ST. LOUIS. II!.. Mav l2._Hogs— Receipts, 13.000: market, steady to a shade higher: bulk. 169-260 lbs.. $10,104,10.20; most sows. $9: few at $9.10. Cattle—Receipts, 4.000; calves, receipts, 1.8G0: market, bearish attitude toward steers, mixed yearlings and heifers: cows steady to strong; other classes steady: vealers. $10.50; medium bulls. $7.50 down. SheepReceipts. 1.0C0: market, practically no early sales: asking steady; packers talking weak to lower. /?,, T T nitrit Prr** PITTSBURGH. May 12.—Hogs—Receipts. 4.303: market 104,15 c lower; 150-200 lbs.. $lO 654, 10.75; 230-250 lbs.. $lO 354, 10.50: 260-300 lbs.. $lO4, 10.25; 100-130 lbs., $9.75 ®'10.25; sows. sß® 8.75. Cattle —Receipts, 1.350: market 254,50 c lower on steers: shestock and bulls mostly steady: fat cows, $6.504, 8.50: bulls. $74,9.75; heifers. $74, 10.50. Calves—Receipts, 1.600; market $1 lower; bulk vealers. $94,11. Sheep Receipts, 2.400; market steady: clipped old crop lambs. $9,504* 10.25; few. $10.50; springers. sl2® 14: aged wethers. $547.5.75. P „ J nitrd Press FT WAYNE. Ind . May 12.—Cattle—Rc-‘ ceipts. 50; calves, 50; hogs, 300; sheep. 25: hog market 50c up; 90-110 lbs.. $0.20: 100130 lbs.. $9.45; 130-150 lbs., $9.65; 150-160 lbs., $9.90: 160-180 lbs.. $10.15: 180-200 lbs., $10.25: 200-225 lbs.. $10.15; 225-250 lbs.. $10.05; 250-300 lbs., 59.95: 300-3,0 lbs , $9.75; roughs. $8.50: stags. $6; calves. $10; clipped lambs, $9; wooled lambs, 9. By l nit(d pre/ts CINCINNATI. 0.. May 12.—Hogs—Receipts. 5.050 including 1 600 direct: heldover. 500: light medium weight hogs 5 to 15c lower: weighty butchers, light lights and pigs around steady. 170 to 230 Ibs.. $10.25 i, 10.35; 240 to 260 lbs.. $10.15® 10.25; 260 to 300 lbs., slo® 10.75; 120 to 160 lbs., $9 754, 10. pigs. $8.604,9.25: sows 25c lower, $8.504,8.75. Cattle—Receipts. 1.700; calves. 300: slow, yearlings and light steers and heifers predominating, most sales and bids slaughter steers and yearlings 25 to 50c lower: cows weak to 25c lower; bulls steady to strong; vealers steady; early sales steers and heifers largely $9 to 11: few up to $11.50: most beef cows. $6,754,8: cutter grades $4,754? 6.25 e medium bulls. s7® 8.25; choice vealers. $10.50; bulk under grades. $8479. Sheep—Receipts. 200: steady; better grades spring lambs slo® 12: strictly i choice handv weight upward to $12.50; medium. $84i9.50: mutton ewes $5 down. /?>, Vnitrit Press TOLEDO. O May 12.—Hogs—Receipts. 650: market 10c lover, heavies. $9,754, 10: mediums. $10.15400.30; vorkers. $9.504,9.75; pigs. $9 50® 9.75. Cattle—Receipts, 125: market, lover: cows, steady. Calves—Receipts. llglj*: market, steady. Sheep—Receipts. light: market, lower. ! S>, t inted Pres* EAST BUFFALO, N. Y.. Mav 12.—Hogs— Receipts. 7.00: holdovers. 300; active to all interests: steady to 10c lower: weights below 250 lbs., mostly one price 510..5: 250280 lbs.. $10,504,10.75; packing sows. $94, 19.25. Cattle —Receipts. 1.800: yearlings 1 weak to 25c lower; cows, firm: bulls, barelv i steady, good and choice yearlings, steers and heifers. $12.50; medium. $10,604, 11.25; fat cows. $74,8: cutter grades. $3.25® 6. Calves—Receipts. 1.900: vealers unchanged good to choice [email protected]; common and medium. SB6 9. Sheep—Receipts. 5,000: lambs, 154?25c lower: good to choice clippers. 90 lbs. down. $9.50® 9.85: 96-100 lbs. weights, $8.50 9: common. $8458.25; aged wethers, j $5 75 down; few spring lambs, sl4. i B/i Time* Special LOUISVILLE, May 12.—Hog—Receipts. ■ 1.000; market. 10c lower: 300 lbs. up, $8.35: 225 to 300 lbs.. $9.40: 165 to 225 lbs.. $10: 130 to 165 lbs.. $9.20: 130 ibs. down. $7.20; roughs. 56.65; stags. 56.05. Cattle—Receipts. 600; market, steady; prime heavy steers $lO 504, 11.50: heavy shipping steers. $9,504,10.50: medium ana plain steers. $8.504?9.50; { a t fteifers. $7.50 til: good to choice cows, $6,254,8 medium to good cows. $5 25® 6.25: cutters. <4.75% 5 35: canners, $3.504,4.50: bulls. $64, 8: feeders. sß'./10.t5: ttockers, $7,504,11. Calves—Receipts. 800: market. steadytops, $9: good to choice. s7<r?9: medium to good. $5.50: out*. $5 down. Sheep—Receipts 1.400: market, tops 25c lower, others steady; ewe and wethers lambs. sl2: buck lambs. $11; seconds and fed lambs. *B®#; clipped sheep. s4©s: Saturday and Sunday shipments' Cattle. 29; calves, 227; hogs. 149; sheep, 274. .. .

THE INDIANAPOLIS TIMES

Business — and — Finance

Bu United Press NEW YORK, May 12—Unfilled orders of the United States Steel Corporation April 30 amounted to 4,354.220 tons as compared with 4.570,653 tons on March 31. 4,479.748 tons on Feb. 28. and 4.42,.,63 tons on April 30. 1929, it was announced Saturday. This was a decrease of 216,433 tons for the month of April and was a larger decrease than was generally expected In view of recent optimistic statements by executives of the industry. The Gamewell Company and its subsidiaries reports for the month ending March 31. 1930. net income of $65,564. For the ten months of the fiscal year ending March 31. net income was $884,436 equivalent to $7.10 a share, which compares with $693,374 or $5.83 for the corresponding period of the previous year. Standard Investing Corporation has notified the New York Trust Company, trustee of its ten-year 5% per cent convertible debentures, that the conversion price at which these debentures are convertible into Standard Investing common stock bas been reduced from SSO per share of common stock to $35.39 per share, owing to issue of common stock in exchange for securities of American, London & Empire corporation. Two railway equipment trust issues aggregating $24,900,000 are being offeied bv a banking group composed of Bankers Company of New York, Continental Illinois Company. Inc. and Evans. Stillman & Cos. They consist of $19,300.00 4% per cent equipment trust certificates of'the Chesapeake & Ohio Railway Company. and $5,100,000 4% per cert equipment trust certificates of the Pere Marquette Railway Company.

The City in Brief

TUESDAY EVENTS Indianapolis Republican Veterans luncheon, Board of Trade. Totarv Club luncheon, Claypool. Gyro Club luncheon, Spink-Arms. Indianapolis Architectural Club luncheon. Y. W. C. A. Mercator Club luncheon, Columbia Club. • . . Purchasing Agents Association luncheon Severin. American Chemical Society luncheon. Chamber of Commerce. Universal Club luncheon, Columbia Club. Phi Gamma Delta luncheon, Chamber of Commerce. University of Michigan Alumni luncheon. Lincoln. North Side Exchange Club luncheon, 381(1 College avenue. Alliaftce-Francaise luncheon, SpinkArms. Indianapolis Medical Society meeting, St. Vincent’s hospital. Indiana Eclectic Medical Association convention, Lincoln. Indiana Bakers’ Association convention, Lincoln. An adventure film, “Hunting Tigers in India,” will be shown at the Tuxedo theater Tuesday under auspices of the Parent-Teachers Association of School 78. Auxiliary 10, Sons of Veterans, will meet at Ft. Friendly, 512 North Illinois street, at 8 Tuesday night to consider plans for a visit of state department officials to the lodge. Seventh District Auxiliary Glee Club will sing at the May dinner meeting of John H. Holliday post and auxiliary of the American Legion at 6:30 Tuesday in the First Presbyterian church, Sixteenth and Delaware streets. Adult counselors in all chapters of the Delta Tau Delta fraternity are planned, Daniel L. Grant, executive secretary of the organization, said at the annual state dinner Saturday night at the Indianapolis Athletic Club. Two hundred attended. The Medical Society of Marion County and the Indianapolis Medical Society will meet at 8 Tuesday night at the nurses’ auditorium of St. Vincent’s hospital for a discussion of lung subjects. The May dinner meeting of the Indianapolis Bar Association will be held at 6.30 Wednesday at the Columbia Club, with a nonpartisan get-togethe: for judicial and prosecuting attorney candidates. The Kiwanis Club at its weekly luncheon Wednesday in the Claypool will hear George Emerson in an address on “Courtesy—The Invisible Values of Business.” Inauguration of direct service from its western tarminals and intermediate points, including Indianapolis, to steamship docks in Bay Ridge, Brooklyn, N. Y„ May 13, was announced by the Pennsylvania railroad today, through local officials. Commendation was voted the Junior League of Indianapolis in its work in the James Whitcomb Riley Hospital for Children and in the William H. Coleman and Robert W. Long hospitals, in a resolution adopted by the joint committee in charge of the Riley hospital. Fred Whicker, 6114 Ashland ave nue, will become field representative of the Fletcher Joint Stock Land bank Thursday, it was announced today. He also will continue as cashier of the Broad Ripple State bank, a post he has held since 1924. Mark Rhoads, state securities commissioner, and Earl Coble, chief examiner for the commission, will represent the state at the annual conference of the national securities commissions and the United States Fraud Association to be held at Washington, D. C., May 19-21, Secretary of State Otto G. Fifield announced today.

In the Stock Market

(Bv Thomson & McKinnon? NEW YORK, May 12.—With a backlog of orders comparing very favorably with similar figures of the past five years, the decrease in the ’ unfilled orders reported by the Steel Corporation need hardly give any I concern, the falling off is probably ar usual seasonal affair. Considering the fact that railroads, as well as automobile manufacturers, have . not been as heavy buyers as customary and which demand it would seem reasonable may be looked forward to, we doi’.bt that the steel in-. dustry is in need of any sympathy. Operations clease to 80 per cent practically insure the United States Steel Corporation of second quarterly earnings as good, if not bettc? than the first quarter. We are inclined to regard the construction program announced by the Western Union a forerunner of similar plans ;to be undertaken by utility companies generally. Stabilization of the copper market largely contributes uuch to the changed attitude of the utility corporations. Signs point to a turn for the better .n the commodity situation. Wit! .he much brighter outlook generally, it is no. surprising to learn that hi-ve-ment trusts are again subtsan- ’ buyers of securities. We look for the stock market to do better.

STOCK SHARES MOVE UPWARD IN BULL WAVE Heavy Copper Buying Adds to Strength of List; Oils in Forefront.

Average Stock Prices

Average ol thirty industrials for Saturday was 272.01, up 4.72. Average of twenty rails was 143.12. up .09. Average of twenty utilities was 101.04. up 2.32. Average of forty bonds was 95.22. up .08. Bv Cnited Press NEW YORK. May 12.—Stocks moved up 1 to 2 points in the first part of the session today, with proup strength in coppers, oils and utilities featuring. United States Steel overcame a period of profit-taking and resumed part leadership of the industrials, sharing honors with American Can and Radio Corporation. The latter was again among the most active stocks, rising more than a point to around the 50 level. Trading, in the absence of support, was quiet and tickers easily able to keep pace with transactions. The feature in the industrial news was heavy buying for foreign account in copper metal at rising prices. The domestic price today was raised from 12!i cents to 12% cents a pound and foreign shipment was advanced accordingly. Rumors of sales of domestic at 13 pents a pound w’ere in circulation, but were unconfirmed. Coppers Advance This indication that the “buyers strike” in copper had been definitely broken and that price apparently had touched bottom brought out demand for copper stocks and forced shorts to cover. Anaconda rose more than a point as did Miami while Kennecott was up 1 and other issues made corresponding gains. Publication of railroad earnings for March for the 172 Class 1 roads had no effect on the carrier shares. The total gross income for March was $452,716,554, against $517,563,318 in March 1929. Missouri-Kansas-Texas rose more than a point while fractional gains were made in Alleghany Corporation, New York Central and Northern Pacific. Houston Oil spurted 2%, to 1001s, and fractional gains were made by Standard Oil of New Jersey, Standard of New York, Mexican Seaboard and Sinclair. Utilities Stronger In the utilities the lead was held by Columbia Gas, North American

$50,000,000 Imperial Japanese Government EXTERNAL LOAN OF 1930 THIRTY-FIVE YEAR SINKING FIND 5Vi% GOLD BONDS (Total issue in the United States $71,000,000) __ Dated May 1,19 SO Due May 1,1965 Interest payable May 1 and November 1 in New York in dollars and in London in Sterling as set forth below. 4 cumulative semi-annual sinking fund, with payments beginning May 1, 1935, and calculated to bt sufficient to redeem the entire issue on or before maturity, is to be applied to the purchase of Lunds if obtainable at or below 100 % and accrued interest, or, if not so obtainable, to the semi-annual redemption, commencing November 1, 1935, at 100% and accrued interest, of Bonds called by lot. Coupon Bonds in denomination of SI,OOO. Not redeemable prior to May 1, except for the sinking fund. Redeemable, at the option of the Government, on May 1, or on any interest payment date thereafter, upon three months’ published notice, at 100% and accrued interest, but, except for the sinking fund, only as to the entire issue. Juichi Tsushima, Esq., Financial Commissioner of the Imperial Japanese Government in London, Paris and New York, has written us a letter under date of May 9, 1930, with reference to this Loan, the finances of the Imperial Japanese Government and present economic conditions in Japan. A copy of this tetter, from which the following paragraphs are quoted, may be obtained upon request. The Imperial Japanese Government is issuing in the United States of America $71,900,009 of its External Loan of 1930 Thirty-Five Year Sinking Fund sGold Bonds, and contemporaneously is issuing in London £I2JiOO,OOO Bonds of its s}*i% Conversion Loan of 1930. The Bonds of these Loans are to be direct external obligations of the Imperial Japanese Government. Os the $71,000,000 Bonds of the United States issue, $50,000,000 Bonds are to be offered for public subscription and $21,000,000 Bonds are to be exchanged for bonds of the Imperial Japanese Government 4% Sterling Loan of 1905, due January l, 1931, now under control of the Japanese Government. Os the £12,500,000 Bonds of the Sterling issue, £2,500,000 Bonds are to be exchanged for bonds of the Imperial Japanese Government 4% Sterling Loan of 1905,-due January 1, 1931. Principal and interest of Bonds of ihe United States issue will be payable in New )ork City at the office of The Yokohama Specie Bank, Limited, in United States of America gold coin of the standard of weight and fineness existing on May 1, 1930, or in Ljridon at the office of The Yokohama Specie Bank, Limited, in pounds sterling at the fixed rate of $4.8665 to the pound sterling, in either case without deduction for any Japanese taxes, present or future. Principal and interest of Bonds of the Sterling issue will be payable in London in pounds sterling or in New York in dollars at the fixed rate of $4.8665 to the pound sterling. Payment of the principal of the L nited States issue in Sterling or of the Sterling issue in dollars shall not be obligatory unlgss at least one month’s written request shall have been made and the holder shall have complied with the reasonable regulations of the Government to assure presentation for such payment. The proceeds of such of the Bonds of these Loans as are not exchanged for boruls of the Imperial Japanese Government 4% Sterling Loan of 1905, due January 1, 1931, will be applied to their payment at maturity. Tha 4% Sterling Loan of 1905 was originally issued in the amount of £25,000,000 of which £1,553,680 bonds have been retired, and £23,446,320 bonds are now outstanding in the hands of the public or under control of the Japanese Government. TEE ABOVE BONDS ARE OFFERED FOR SUBSCRIPTION, SUBJECT TO TEE CONDITIONS STATED RELOW, AT 90% AND ACCRUED INTEREST, TO YIELD 6.20% TO MATURITY. Subscription books will be opened at the office of J. P. Morgan s>• Cos., at 10 o’clock A. M., Monday, May It, 1930. The right is resented to reject any and all applications, and also, in any case, to allot a smaller amount than applied for. All subscriptions will be received subject to the issue and delivery to us of the Bonds as planned and to the approval by counsel of the form and validity of the Bonds and of the relevant documeirts, proceedings and authorizations. The amounts due on allotments will be payable at the office of J. P. Morgan fy Cos., in New York funds to their order, and the date of payment (on or about May 27, 1930) will be stated in the notices of allotment. Temporary Bonds or Interim Certificates, exchangeable for definitive Bonds when received, are to be delivered. Payment for Bonds allotted may be made in the bonds of the Imperial Japanese Government 4% Sterling Loan of 1905, due January 1,1931, with unmatured coupons attached, which will be accepted, up to an aggregate principal amount not exceeding £8,500,000, at and accrued interest (viz., $ 99.47 per £29 of bonds of said 4% Sterling Loan if payment is made on May 27, 1930) equivalent to approximately a 3.15 % interest yield basis computed from Mag 27,1930 to January 1, 1931. If payment is to be made in this manner, J. P. Morgan & Cos. must be so advised on or before May 20, 1935. J. P. MORGAN & CO. KUHN, LOEB & CO. THE NATIONAL CITY COMPANY FIRST NATIONAL BANK , New York THE YOKOHAMA SPECIE BAJSK, LIMITED New York, May 12, 1930.

tjnd American and Foreign Power, <>ll of which rose a point or more. United and Public Service were active 1 . Auburn Auto was among the few losers. The stock around noon was selling at 190, off 5. Auburn today reported earning for the first three months of 1930 equal to 55 cents a share, compared with $3.04 a share in the same period of 1929. President E. L. Cord said the decline was in line with expectations and that business was progressing satisfactorily now. COPPER PRICES OP Metal Advances 1 -4 Cent in New York and Abroad. Bu 1 nited Pres* NEW YORK, May 12.—Copper prices advanced % cent a pound both here and abroad today following heavy demand for the metal by leading buyers. The new price is 12% cents a pound for domestic and 13.05 cents a pound for export. In the past month copper prices have dropped from 18 to 12% cents a pound for domestic shipment and today’s advance reflects the demand stimulated by the abrupt drop. Export sales of the metal Saturday were 22,250,000 pounds and sales here have been large. The news of the advance was reflected in heavy buying of leading copper shares this morning on both the New York Stock and New York Curb Exchanges. COTTON VISIBLE OFF Cotton Linters Produced 975,54“ Barrels of Oil in April. Bu I nil' i t>rey* WASHINGTON. May 12.—Consumption of cotton seed oil in April was estimated at 318,000 barrels by the census bureau here today, in its monthly report on cotton seed oil and products. Cotton linters produced 975,547 barrels of cotton seed oil in April. Visible supply was put at 1,576.000 barrels against 1,751,000 last year. Seed received was 4,884 tons: crushed. 4,725 tons; on hand, 199 tons. Crude produced 1.475.000 barrels: on hand, 62,174 barrels; refined produced, 1,267,695 barrels; on hand, 516,700 barrels. Rush Fire Trucks to Bank Fire apparatus from all over the city rushed to the Meyer-Kiser Bank building today when wind blew a window curtain against a gas jet in the Kee-Rae Beauty Shoppe, on the third floor of the building. Additional Market News on Page 12

New York Bank Stocks

—Mav 12Bid. Ask. i Chase National 158% 158’, Equitable 126 126%, City National 200 201 Guaranty ..., 7*6 750 America ; 129 131 Bank of United States 65 65’, Chemcial 74% 75 j Continental 35% 36% Empire . 91 93 Interstate 50 51 Manhattan & Cos 130 132 New York Trust 288 2SI Bankers 164% 165% Erooklvn Trust 320 830 Chatman Phenix National . .134 134 % ! Corn Exchange J 208 210 ] First National 5.900 6.000 Manufactures 130% 132 I Commercial 510 520 Irvine; 60*j 61 % Central Hanover 393 398

Investment Trusts

Bid. Ask Am Founders (newt 24% 25% Basic Industry Shares 8% 9% Corporate Trust Shares 9% 9% Diversified Trust Shares (A'... 26% Diversified Trust Shares iß'. 21% 22% Diversified Trust Shares tC'.. 9% 9■ First Investment Coiporation.. .. 11% Fixed Trust Shares (At 22% Fixed Trust Shares 181 19% Investments Trust of N Y 12 12’, Leaders of Industry 11% 12 j No Am Trust Shares 9 s , 10, Power k Lieht 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 E!c k Pow Shares A 42’, 44% U S Elec & Power Shares <Bi. 13 13%

We Make REAL ESTATE FIRST MORTGAGE LOANS FARMERS TRUST COMPANY 1.50 East Market Street Riley 4.508

FLETCHER AMERICAN COMPANY Affiliated with I he Fletcher American National 3ank INDIANAPOLIS Investment Securities

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, Robert K. Tomlinson 1 INVESTMENTS I 824-28 Continental Bank Ride. Indianapolia Lin. MlB 55 e Offer American Loan Co.’s Tax Exempt Common and Preferred Stock Umphrey & Hartz 34* Banker* Trust Bid*. James T. Hamill & Company BROKERS Indianapolia MEMBERS Chicago Stork Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bldg. Tel., Riley 5493— Riley 84M