Indianapolis Times, Volume 42, Number 3, Indianapolis, Marion County, 14 May 1930 — Page 12

PAGE 12

GRAIN FUTURES CLOSE OFF ON WEAK SUPPORI Slow Demand and Tendency to Sell Are Bearish Market Factors. Bv Vnittd Prrnn CHICAGO, May 14.—Wheat closed unevenly lower on the Board of Trade after having a heavy tone throughout the session. Local traders were inclined to sell in the absence of an aggressive support. Demand was slow and there was nothing in the export trade to bolster prices. World stocks showed a substantial decrease of 13,337,000 bushels, but it had no effect. Com and oats were off in the minor fractions with wheat. At the close wheat was % cent to 1 cent lower, com was unchanged to % cent lower and oats was % cent to % cent lower. Provisions were steady. Easing late in the day, Liverpool closed % cent to % cent lower. Buenos Aires remained the same, unchanged to Vi cent up during the morning. No exports were reported, as the large business worked by the pool Tuesday at flat prices filled the demand. Cash prices were /i cent to % cent lower. Receipts were 5 cars. Com advanced at the start but eased with wheat and at mid-ses-sion was unevenly steady to lower. Traders were inclined to be bearish. The cash demand was fairly active. Reports are that several cities are bidding higher than Chicago for 11-• linois com. Cash prices were % cent to 1 cent lower. Receipts were 60 cars. Oats had a fair degree of strength early, but was unchanged to lower in a dull market at mid-morning on the action in the other pits. Cash prices were unchanged to \i cent lower. Receipts were 55 cars. Chicago Grain Table —Mav 14— WHEAT— „ P re '’- Opem Hi"b. Low. Close. flof. Mav . 1 02 1 1 1.0?’, 1.01% 1.02% 1.0? • ■Uilv . 10? ’ 103% 1.02 5 r 1.03 1.03% Sept.. 106% 1.06% 1.05% 1.05% JO..'Dec.. 1.10% 1.11 I.lo's 1.10/4 1.11% CORNMav 78 T J .78% .78/4 .78% .78% July.. .79% .80 .79% .79% .79% Sent.. -80% .81 .80% *80’;, .80% Dec... .75'a .75 % .75 .75% .75-, OATS— May.. .42% .42% .41% .41% .42 July.. -41’. 41% .41% .41% .41 Sept.. 40% .40% .10% 40% .40% Dec.. .43 .43 .42% .42% .43 RYE— Mav.. .59 .59 .58% .58% Julv.. .63% .63% F2% .62% .63% Sept.. .67% .67% .66% 66% .67% Dec 70% .71 70 .70% .71% LARD Mav. 10.32 10 32 10.30 10 30 10.30 Julv. 10.35 10.35 10.32 10.32 10.35 Sept. 10.55 10.55 10.56 BELLIES Mav. 13.95 13 95 13.97 Julv 13.55 13.55 Sept 13-62 }'.!/ T!in< a Sper in 1 CHICAC-O. Mav 14.—Carlots: Wheat. 17: corn. 22: oats. 43. and barley. 2.

We Offer— Indiana Tax Exempt Road Bonds Corporate Trust Shares Trustee Standard Oil Shares Basic Industry Shares Real Estate Preferred Stock Breed, Elliott & Harrison 109 North Pennsylvania St. Indianapolis

We Make REAL ESTATE FIRST MORTGAGE LOANS FARMERS TRCST COMPANY 150 Eust Market Street Riley *SOB

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

|| HARE IN THE PROFIT /OF MORE THAN 30 COMPANIES / WITH THE SAME DOLLAR By Investing in FIRST INVESTMENT CORPORATION AN INDIANA INVESTMENT TRI'ST First Investment Corporation is a General Management type of Investment Trust, nnd as such is always in a position to take advantage of favorable markets and adapt itself to changing conditions. Only securities of high quality rating l>.v standard authorities can be purchased. Following are some of the stocks your dollar will buy: Genera! Motors Mat lard Oil of Indiana Electric Power * Fight AHantiCeßeflnlng l nlted Corporation Columbia Gas and F.lectrlc American Foreign Power Electric Bond Share Standard Oil of New York Pennsylvania Railroad Texas Corporation Baltimore & Ohio Railroad American Rolling Mills St Fouis 4 San Francis'o R. R Price $11.50 Per Sh&re Subject to change without notice VTltksat obligation on !Sam* ..a..... ■f part. ena me sample** information Address T 1282 New City Trust Bldg. 6531

In the Stock Market

(Bv Thomson & McKinnon* NEW YORK. May 14.—Piling of the anti-trust suit by the government against the radio compact should occasion no particular surprise as the move was generally expected. The action, consequently, at this stage, is not likely to have marked effect. Trade developments continue rather routine. Nevertheless they contain suggestions that business, although slowly, is makng progress. Car loadings show a good increase for this week and aside from figures last year at this time are not far away from normal. The persistent buying of copper metal, with sales so far this month said to mount to huge totals is the high spot of trade activity. Even the copper producers anticipated no such demand and there is now talk that the metal price may be restoretJ to 14 cents. The promptness with which California oil producers fell in line with the program of curtailment removes the threat of price reduction and speaks well for harmony and co-operation continuing in that industry. There is good uason to expect another decrease in brokers loans, which should further emphasize the strength of our credit position. The business t utlook continues favorable and the clock market, notwithstanding the dullness which may be encountered at times, we believe, is destined to work higher.

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 (Bi, 21% 22% Diversified Trust Shares 'CI.. 9% 9% First Investment Corn-oration.. .. 11% Fixed Trust Shares fAi 22% ... Fixed Trust Shares <Bi 19% ... Investments Trust of N Y 12 12% Leaders of Industry 11% 12% No Am Trust 3hares 9% 10% Power & Lleht Sec Trust 65 67 Revbarn Ac Cos 13 14% Standard Oil Trust Shares.... 10 12 S W Straus Inv Units 52 58 Selected Amer Shares 8% 8% Trustee Std OH Sh B 10% 11% U S Elec & Pow Shares A... 42% 44% U S Elec & Power Shares (B(. 13 13%

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Wednesday, May 14, were $4,094,000; debits. $7,177,000. CHICAGO STATEMENT Bv United Press CHICAGO. Mav 14 —Bank clearings $104,800 000; balances .',11.400,000. NEW YORK STATEMENT Bv United Press NEW YORK. May 14.—Bank clearings 1.903.000,000: clearing house balance $182,000.000: Federal Reserve bank credit balance $165,000,000. TREASURY STATEMENT Bv United Press WASHINGTON. May 14.—Treasury net balance on May 12 was 593.521.650.54. Customs receip's for the month to that date totaled SJ 9.687.992.92. Government expenditures on May 12, were sl4 196.358. STOCK SALE “PLANNED American Smelting and Refining Offers New Preferred. Bv United Press NEW YORK, May 14.—Directors of the American Smelting and Refining Company today authorized sale of 6 per cent second preferred stock to the amount of $20,000,000 at not less than SIOO a share. The stock now is held in the company’s treasury. It is callable at $lO5. Proceeds from sale of this issue will be used for acquisition of new properties, expansion of business and other corporate purposes.

Tjjs{lmestments AMERICAN • COMPANY Indiana’*

Open a Checking Account at AETNA Trust and Savings Cos. 23 N. Pennsylvania St.

SLIGHT GAIN IS MADE BY HOGS AT CITY YARDS Slaughter Classes Steady in Cattle Mart; Veais 50 Cents Up. May. Bulk. Top. Receipts. 7. $lO 50 *10.55 3.500 8. 10.40 10.50 5,500 9. 10 50 10.50 6,000 10. 10 254/ 10.35 10.40 2.5C0 12. 10.25® 10.35 10.35 5.000 13. [email protected] 10.40 7.000 14. 10.35 10.40 6,500 Hog prices held steady to 10 cents higher today at the Union Stockyards, most kinds being steady. The bulk, 160 to 250 pounds, sold for $10.35; top price paid was $10.40. Receipts were estimated at 6,500, holdovers were 343. In the cattle market slaughter classes were steady at the recent sharp decline. Receipts were 800. Vealers were 50 cents higher, selling at sll down. Calf receipts were 1,000. A lower trend was apparent in spring lambs this morning. Sheep receipts were 500. Chicago hog receipts were 10,000, including 2,000 direct. Holdovers were 5,000. Today’s market was steady with Tuesday’s average; few loads of choice 170 to 210-pound weights selling at $10.25 to $10.35. Cattle receipts were 5,000; sheep i 10,000. —Hogs— Receipts. 6,500; market, lower. Heavies. 300 lbs. up $ 9.504710.00 250-300 lbs 10.004i 10.25 Med. wts.. 225-250 lbs [email protected] 200-225 lbs 10.254710.40 Light wts.. 160-200 lbs 10.254710.40 Light lights. 130-160 lbs 9.75010 00 90-130 lbs 8.75® 9.50 Packing soWs 8.25 (ai 9.25 -CattleReceipts. 800; market, steady. Beef steers. 1,100-1,500 lbs., good and choice $10,75 0,13.25 Common and medium [email protected] Beef steers. 1.100 lbs. down, good and choice [email protected] Common and medium [email protected] Heifers. 850 lbs. down, good and choice 10.00ffi11.50 Common end medium 6.00ffi10.00 Cows, good and choice 7.5041 9.00 Common and medium 5.75ffi 7.50 Lower cutter and cutters 4.00@ 5.75 Stocker and feeder steers, good and choice 9.00011.00 Common and medium 7.00(3! 9.00 —Vealers— Receipts, 1,000; market, lower. Medium and choice $ S.OOffi 11.00 Cull and common 5.00@ 8.00 —Sheep— Receipts. 500; market, steady. (Shorn basis) Lambs, good and choice $ 9.00ffi10.00 Common and medium 7.50® 9.00 Spring lambs 9.00®13.00 liwes. medium to choice 4.00® 5.00 Cull and common 2.00@ 4.00 Other Livestock Bv United Press CHICAGO. May 14. —Hogs—Receipts, 11,000; including 2.000 direct; mostly steady; weighty butchers, strong and in spots. sffi 10c higher; packing sows. 10® 15c higher; top, 510.35 paid freely for 170-210 ib. weights; butchers, medium to choice, 250-350 lbs.. [email protected]: 200-250 lbs.. $9.85 4/10.35; 160-200 lbs.. [email protected]; 130-160 lbs.. $9.60® 10.30; packing sows, $94/9.75; pigs, medium to choice, 90-130 lbs., s9® 10.15. Cattle—Receipts, 5,000. Calves—Receipts. 3,000; fed steers and yearlings. 15@ 25c higher; instances more: she stock firm, very scarce: bulls, higher; most fed steers. [email protected]; best held around sl4; slaughter classes, sters, good and choice. 1300-1500 lbs.. $11.75'//14.25; 1100-1300 lbs., $11,504/ 14: 950-1100 lbs., sll4/13.75; common and medium, 850 lbs. up. $7,504/11.50: fed yearlings, good and choice. 750-950 lbs.. $10.75.® 13.50; heifers, good and choice, 650 lbs. down. $9,504/11.50; common and medium, $74/ 9.50; cows, good and choice, $7,254/9.50; common and medium, $5,754/ 7.25; low cutter and cutters, $44/5.75; bulls, good and choice, beef. $7.2509; cutter to medium. $6,604/7.65: vealers, milk fed, good and choice. $10,504/12.75; medium. $8,504/10.50; cull and common. $64/8.50; stockers and feeders, steers, good and choice, all weights, $9,754/ 11; common and medium, [email protected]. Sheep—Receipts, 10.000: scatered sales tseady: some bids lower: few grassy shorn lambs, s9® 9.25; best handyweights held around $9.75; no natives or California springers sold; fat ewes steady at $5.50 down: lambs, good and choice. 92 lbs. down. $8,854/9.90; medium, $8,504/ 9; cull and common. $7.754/8.50; medium to choice. 92-100 lbs. down. .sß®. %,65; ewes, medium to choice, 150 lbs. down. [email protected]; cull and common, [email protected]. Bv United Press EAST ST. LOUIS. 111.. May 14.—Hogs— Receipts. 12.500; market, strong to 5c higher; bulk. 160-250 lbs.. $10.10: bulk sows, $9; few. $9.10. Cattle Receipts. 1.800; market, vealers 50c higher at $11.25; medium bulls steady to 25c higher at $7.75 down; other classes steady with mixed yearlings and heifers slow. weak. SheepReceipts. 1 500; market, few opening sales to citv butchers strong to 25c higher; clipped lambs. $9.75; spring lambs, sll @l2. By United Press CLEVELAND. May 14.—Hogs—Receipts. 2.300; holdovers none; steady to 5c lower; pigs firm; top on choice 150-210-lb. weights. $10.05; probable top. 220-250-lb. weights, $10.50; 250-300 lbs.. $10.35 downward; pigs. $10.25: rough sows. $8.75; stags, $6.75. Cattle—Receipts, 350; steers slow, fair to steady; common to medium around $94/ 10.25; sausage bulls easier. $7.25 down; cows. fairly active. full steady; fat cows, s6ffiß; most cutter grades. $4®5.75. Calves Receipts. £00; steady; bulk better grades. $12.50; mediums. $9.50® 11.50; few culls under $3. Sheep—Receipts. 900; steady; most desivablie lambs. $lO down; fat ewes. $5 down. Bv United Press BUFFALO. May 14.—Hogs—Receipts, 900; holdovars, 500: active to packers, strong to 10c higher; bulk 160-240 lbs., $10.90; few’ lighter averages, $10.75; packing sows, $94/9.50. Cattle —Receipts, 400: mostly cows' generally steady; cutter grades, $3,254/6; medium heifers, $10; calves, receipts, 100; vealers, unchanged, good to choice sll to mostly $11.50; cjmmon and medium, SB4/9.50. Sheep—Receipts, 700; shorn lambs weak to 25c lov.'er. shippers Inactive: bulk good to choice 90 lbs.. $9.504/9.75; weights above 100 lbs., [email protected]; others, nominal. Bv T'nited Press PITTSBURGH, Pa., May 14.—Hogs—Receipts, 1,500; market, 154/25c higher; 160210 lbs.. $10,904/11; 220-260 lbs., $10,604/ 10 65: 260-300 lbs., $10.254.-10.50; 100-130 lbs., $lO4/10.50; sows. $8.50®;9. Calves— Receipts. 200; market, strong; bulk vealers. s9® 11. Sheep—Receipts, 1.000; market, slow; about steady; spring lambs unevenly lower, mostly sll4/13; clippers, s9® 9.15; few strictly choice, $10; most aged wethers, ss® 5.50. By Times Special LOUISVILLE. Ky.. May 14.—Hogs—Receipts. 600: market 10c higher; 300 lbs. up. $8.55; 225-300 lbs.. $9.60; 165-235 lbs.. $10.20; 130-165 lbs.. $9.40; 130 lbs. down, $7.40; roughs, $5.85: stags. $6.25. Cattle— Receipts. 100: market steady: prime heavy sters. $lO 50® 11.50: heavy shipping steers. $9.504/10.50; medium and plain steers. $8.504/9.50; fat heifers. $7.50® 11: good to choice cows. $6.25®8; medium to good cows, $5.2506.25; cutters. $4.75®5.25; canners. $3 500 4.50: bulls. $64/8: feeders. sß® 10.75: stockers. s7.soffill. Calves Receipts. 200: market steady: tops. $9: good to choice. S7@9; medium to good. $5,504/7; outs. $5 down. Sheep Receipts. 1.600: market, lambs 50c lower; others steady; ewe ar.d wether lambs. $11.25: bu.k lambs. $10.25; seconds and fed lambs. s7® 8; lambs. $74/8: clipped sheep. s4® 5. Tuesday's shipments: Cattle, 0; calves. 71: hogs, 0; sheep. 1.502. B// United Press FT. WAYNE Ind., May 14.—Cattle—Receipts, 75; calves, 75; hogs, 350: sheep. 50 * hog market, steady: 90-110 lbs.. $9.20; 110-130 lbs . $9.45; 130-150 lbs.. $9.65; ISO--160 lbs.. $9.90; 160-180 lbc., $10.15: 180200 lbs.. $10.25. 200-225 lbs.. $10.15; 225250 lbs.. $10.05; 250-300 lbs. $9.95: 300-350 lbs.. $9.75; coughs. $8.50: stags. $6; calves. $10; clipped lambs. $8: wooled lambs, $9. Bv United Press TOEDO. Mav 14.—Hcgs—Receipts, 350; market, steady; heavies. $9,754/10.15; mediums. $10,204; 10 30: yorkers. $9.50® 9.75: Pigs. S3.5C® 9.75. Cattle—Receipts, light; market, steady. Calves—Receipts, light; market steady. Sheep—Receipts, light; market, steady. Bm United Press CINCINNATI. 0.. May 14.—Hogs—Receipts. 2.000: held over. 350; Lght and medium butchers 10c higher: other classes, steady; discriminating sharply against half fat and grassv kind: bulk 1/0 to 230 lbs.. *10.40 £ 10.50: 240 to 260 lbs.. $10,254/ 10.40: 270 to 300 lbs.. slo® 10.25: most light lights. *10: pigs, $8,504/9 25: bulk sows, *8.504/ 8 75. few exremelv heavy down to SB. Cattle—Receipts. 275; calves. 325: steady: vealers 59c higher: old lot common to medium steers. *9® 10; scattered sales heifers *10ffill: some held higher: bulk medium to good cows. *6.50® 7.50. most cutter grades. M.75® 6.25: medium bulls. s7’/ 8.25; good to choice vealers. *lOOll, hulk under trades. sß® 9.50. Sheep—Receipts. 300- fat lambs $1 lower than Wednesday?/ best time or 50c under the close: top sp-inge’s. $11.50; most choice, tlOffill: rredtr-v sp®9: culls, s*s9® 7.50; few sheen old crop lambs, $8 down; mutton ewes steady, slfls.

.THE INDIANAPOLIS TIMES

New York Stocks

'(By Thomson Ac McKinnon)"

—May 14— Railroads— Prev. High. Low. 11:30 close. Atchison 226% 224% 226% 225% Balt & Ohio ...116% 115% 118% 115 Chesa & 0hi0..214 212 214 Chesa Corp 70% 70% 70% 68% Chi Grt West... 14% 14 14% 14% Chi N West 83 82 83 82% C R I Sc P 112% 112% Del L & W 127 125% Del Ac Hudson.. .. ... 170% 170',a Erie 48% 47 Vi 48% 47 Erie Ist pfd 63% 63% Great Northern ... 92% Illinois Central 129 129 Kan Citv So 75 MKA/T 58 57 57 57% Mo Pacific .. ... 79% N Y Central ...177 174 177 174% N Y N H Ac H. 116 114% 115% ... Nor Pacific 84 83 % Norfolk Ac West , ... 239 Pennsylvania ... 79 77% 79 77% So Pacific 12}% Southern Ry .. 111% 111% 111% 111% St Paul 21% 20% 21% ... St Paul pfd 35% 34% 35% 34% St L Ac S F 114% 115 Texas At Pac 135 Union Pacific ... ... 225% Wabash 50 49 50 49% W Maryland .. 23% 23% 29% 28% Equipments— Am Car Ac Fdy 54 53 Am Locomotive 67 Am Steel Fd 42% 43% Am Air Brake S 46/2 Gen A mTank 106% 106% General Elec ... ... 82% Gen Ry Signal.. 97 96 96 95% Lima Loco 35 34 Man El Sup 20 Press Stl Car ... 10’% Pullman ... 78% v/estlngh Air B. . 44% 44% 44% 44',/ Wesiingh Elec ..178% 178 178% 176% Fisk 4 3% Goodrich 41% 42 Goodyear 86% 85 85 86 U 5 Rubber ... ... 23% Motors— Auburn 191% 191 191 % 189 Chrysler 36 35'% 35*% 25% Gardner 4% Graham Paige 9% 9% General Motors. 497a 49 49% 49% Hudson ... 45% 44% Marmon 22/8 Nash 45 44% 45 43% Packard 18% 18% 18', 18% Pierce-Arrow ... ... 28% Reo ... ... 10% Studebaker 37% 37% Yellow Truck .. 29% 28% 29% 29 Motor Access— Am Bosch 40% 39 40% 39 Bendix Aviation. 42% 42 42% 42 Borg Warner ... 39% 38% 39% 39% Briggs 21/a 21% 21% 21% Eaton 28 Vi El Storage B ... 71% 71% Houda 22% 22% 22% 21% Sparks W 33% 23% 23% 23% Motor W 30 Stewart Warner. 28% 28% 28% 28 Timken Roll ... 77% 76% 77% 77% Mining— Am Metals 44% Am Smelt 72% 72 72% 72 Am Zinc 10% 10% 10% 10% Anaconda Cop.. 63 60% 61% 63% Cal Ac Hecla 21% 20% 20% 20% Cerro de Pasco 57 59 Ereport Texas.. 48% 48% 48% 48 Granby Corp .. 35 34% 34% 34% Great Nor Ore 21% 21% Howe Sound ... 32 31% 31V/ 33% Int Nickel ,33% 33% 33% 33% Inspiration ....20% 20’/s 20'% 20% Kennecott Cop.. 48% 47 47 48% Magma Cop 37% 37 37 37% Miami Copper.. 23 22% 22% 23 Nev Cons 22% 21% 21% 22%/ Texas Gul Sul.. 60% 60% 60% 60% U S Smelt 29% 29% Oils— Amerada 25% 25 Am Republic ... 43% 43% 43% 27 Atl Refining ... 43Ve Barnsdall 28’% 23% 28% 28 Beacon ... 17% Houston 1047* 103 103% 102 Ind Oil 26% 257a 25% 26 Indian Refining. 20% 19% 20% 10% Lago Oil 25% Mex Sbd 297a 287a 29 28% Mid Conti 28% 28% 28% 28% Pan-Amer (B) . 67% 66% 677a 66% Phillips 42 41% 42 42 Pr Oil & Gas... 47>/ 4 46% 477a 46% Pure Oil 247a 247a 24% 247a Richfield 24 23% Royal Dutch 54 537a 54 53% Shell Un 22% 227a 22% 227a Simms Pt 31% 30% 31% 29% Sinclair 28% 28% 28% 287a Skelly 36% 36 Vi 36% 36% Standard of Cal 72% 717a 72% 72 Standard of N J 81 807a 80’% 807a Standard of N Y 37 367a 37 37 Texas Cos 58% 58% 58 % 58 Vs Union Oil 467a 46 Steels— Am Roll Mills.. 75% 75% 75% 757a Bethlehem 96% 96% 96’% 96% Bvers A M 92% 92% 92% 927/ Colo Fuel 5772 57 57% 57% Cruc Steel 777a Ludlum 32 7a 31 31 31 Vi Midland 35 Newton ... 50 Reoub lAc 5.... 54% 54% 54</i 53% U S Steel 1747a 173 174 173% Vanadium 105 v Youngst S Ac W. .. 3914 Tobaccos— Am Sumatra 157 z 15 Am Tob (Bl 260 263 Con Cigars ... 447a General Cigar 537s 54% Lig Ac Meyers S.llO 109/4 109/4 110 Lorillard 26% 25 25 25 Phil Morris 13 13 Reynolds Tob 537a 537 e Tob Pr A 107a Tob Pr B 4 4 United Cig 6 6% Util'ties— Abitibi , ...., 32 Adams Exp 31% 30/4 31- a 30 Am For Pwr.... 8178 81% 81% 80\ Am Pwr Ac Lt.. .. ... 110 109% A T Ac T 247% 247 247 247% Col Gas & E 1... 84% 83% 83% 85% Com & 50u.... 17% 17% 177a 17% El Pwr Ac Lt 91% 897a 89% 90% Gen Gas (A) 14% 14% 147s 14% Inti TAc T 64% 63% 63% 63% Natl Pwr Ac Lt.. 477a 47% 47% 47% No Amer Cos 120% 119% Pac Gas Ac El.. 70/4 68% 70/a 67% Pub Ser N J 116 1157a 116 1157, So Cal Edison.. 65% 65’/a 65% 65% Std G Ac Ei 1167a 1167s 116/4 1157a United Corp .... 48 47% 47% 47 Ut Pwr Ac L A.. 42 41/4 41® 41/4 West Union ... ... 182 ! * Shipping— Am Inti Corp... 44/4 44 44/4 43V4 United Fruit .... Foods— Am Sug 61 60% 60% 61% Armour A 5% 7a Beechnu Pkg „ 60 Cal Pkg 69% ... Can Dry • • 62 va Childs Cos 63% 62 63% 62% Coca, Cola 184% 18372 184% 184% Cont Baking A 28% Corn Prod 106/4 10572 105% 105/4 Cudahy Pkg 43/4 Cuban Am Sug.. ... ... ... 6% Gen Foods 59/4 58% 59 Va 5978 Hersey 103 1027a 103 ... Jewel Tea 58 Kroger 35 Va 55 Nat Biscuit 86% Pillsbury 33% ... Safeway St 92 4 Std Brands 23 23% Ward Bkg 11 U Cos?v U ln7 27% 27% 27% 27% Lambert Cos ....104 102 104 IQ? I ' 2 Lehn Ac Fink 307a 31 Industrials— ... Am Radiator.... 33 32% 32% 32% Bush Terms 41 40 41 ... Certainteed ... 8% 8/8 Gen Asphalt 59 Otis Elev 24/4 Indus Chems — ... Allied Chem ...318% 318 318% 318 Com Solv 32% 32% 32% 32% Union Carb 89% 88/4 88% 88% U S Ind Alco 937a 93 93% 93 Retail Stores— Assoc Drv Gds.. 46% 44 45% 43/a Gimbel Bros 177a 177a 17% 17% Kresge S S 30% 30% Mav D Store .. ... , 54% 55% Mont Ward .... 447s 44/4 44% 44 Penny J C 68 67% 68 68 ■ Sears Roe 85 84% 85 84 a Woolworth 64 637a 637a 63 a Col Graph 28% 28/a 28% 28/4 Croslev Radio... ... ••• „*8 Eastman Kod . ..25i% 2*9 249 247 4 Fox Film A 55% 53 Grigsby Gru ... 21% 21% 217a 21% Loews Inc 95% 9 % 95 94 Param Fam 70% 70 70,4 69 s Radio Corp 527a 50 517a 50% P-K-O 42% Schubert 28% 28% 28/a 29% Warner Bros. .. 38% 6i% 68 67 a Miscellaneous — Airway Add - ■ 28 y City Ice & Fu... .. ... 45 45% Congoleum 15% 15 15/4 157a Am Can 146 143% 145% I<3 Cont Can 66 6a% 66 657a Curtiss Wr 11% 11 11 Gillette S R ... 86% 86 86 ... Real Silk 52% 52Va 52% ...

New York Bank Stocks

—May 14— Bid. Ask. Chase National 15*% 160% Equitable 126% 127% Citv National 200 201 Guaranty 750 754 America 129 131 Renk of United States ... 64% 65% Chemical 75% 76 Centinental .. 33 38% Empire 90 92 Tnt-rstrte 50 51 % Manhattan & Cos 134 135% New York Trust 288 291 Bankers 1{5% }66 Chatman Phebix National.. 134% 136 corn Exchange 213 217 Public 150 152 F’rst National 5.725 6 000 Manufacturers 138 139% Commercial 570 580 T rvlner 61*4 Central Hanover 393 376 Brooklyn Forest 825 SSO

Local Wagon Wheat

Cits grain elevators are paying 95c for No. 2 red wheat and 91c lor No. 2 hard wheat. NEW YORK COFFEE RANGE —Mav 13— Kish. Low. Close. March 8.03 7.95 8.01 May 8.75 8.70 8.75 July Bxsß 8 48 8.58 September 8.35 8.30 8.35 December 8.15 8.15 8.15

STOCK MARKET FOLLOWS STEEL SHARESUPWARO Carriers Rise on Increase in Car Leadings; Oils Not Featured.

Average Stock Prices

Average of thlrtv industrials for Monday was 270.16, off 1.85. Average of twenty rails was 143.28, up .14. Average of twenty utilities was 105.54. off .50. Average of forty bonds was 95.25. up .03. Bv United Press NEW YORK, May 14.—Trading turned more active on the Stock Exchange today and prices of leading issue? followed United States Steel into higher ground. Steel hit 175%, up 1%, from the previous close. Radio Corporation featured in activity, rising to 52% up 2%, while American Can rose 27s to 145%; Westinghouse Electric 374 to 17974; Vanadium 5/4 to 110%, and Eastman Kodak 2 7 s to 250%. Car Loadings Up An increase in car loadings brought good buying into the carrier shares for a time and they rose 1 to more than 2 points, featured by Atchison, Western Maryland, Erie and New York Central. Trading continued highly professional, however, without public participation. Under cover of strength in the leaders, traders sold many stocks, including oils, utilities and special issues. Coppers receded from recent highs and rails sold off from their highs in the late morning. International Salt was a feature on the down side. The stock dropped to 128/4, where it was down 1574 points. Around noon it rallied to 13274. Money Steady Other losers included J. I. Case at 347, off 1 Vs ; Standard Oil of New Jersey, at 80%, off 74; Standard of New York at 37/4, off 74; Columbia. Gas, 83/4, off 2; Electric Power and Light, 90/4, off 7g; Anaconda, 62%, off %, and Nevada Consolidated Copper, 2274, off %. Worthington Pump was in demand in the special issues, rising 474 points to 13874. Loews was firm in the amusements. Bethlehem rose nearly 2 points with United States Steel; United States Aircraft rallied nearly 2 points in the airplane shares; Kelvinator and Servel were strong in the electric refrigerator issues. Call money renewed at 3 per cent and held steady at that rate.

Indianapolis Stocks

—May 14Bid. Ask. Amer Central Life Ins C 0.... 1,000 Belt R R & Yds Cos com 61 63% •Belt R R & S Yds Cos pfd.. 56 SO Bobbs-Merrill Cos 30 33% Central Ind Pow Cos pfd 92 94 Circle Theater Cos com 105% ... Citizens Gas 27 37 Citizens Gas pfd 97 99% Commonwealth L Cos pf 7% ... 97 103 Commonwealth L Cos pf 8%.. 100 Hook Drug Cos com new 24 26 Ind Hotel Cos Claypool com.. 125 Indiana Hotel Cos pref 101 105 Indiana Service Corp pref... 87% ... Indianapolis Gas Cos common.. 57 61 Indpls Power & Lt Cos pfd..104 106 Indpls Pub Wei Loan As com 53 Indpls St Ry Cos pfd 10 11 Indianapolis Water Cos pfd ... 10 11% ♦lnterstate 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. 104 102% ♦Northern Ind Pub 7% co pfd. 106 Progress Laundry Cos com 46 48% E Rauh & Sons Fer Cos pfd... 44 Real Silk Hosiery M Inc pfd.. 96 Shareholders Investors Cos 24% ... Standard Oil Cos of Ind 55 T H I & E pfd 10 ♦Terre Haute Trac L Cos pfd. 65 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... 98% ... Central Ind Power Cos 6s 99% ... Citizens Gas Cos 5s 102 Citizens Street Railroad 5s 41 Gary St Ry Ist 5s 65 Home T & T of Ft Wayne 65.101% ... Ind Northern Trac Cos 3 5 Ind Ry & Light Cos 6s 97 Indiana Service Corpn 5s .... 88 Indpls Power & Light Cos 55... 98% 100 Indiana Union Trac Cos 55.... 7 Indpls Col & Cos Trac 6s 94 Indianaco'ls Gas Cos 5s 99 Indpls & Mart Rapid T Cos ss. .. Indpls No Trac Cos 5s 10 Indpls North Western Cos Indpls Street Rv 4s 32 33% Indp’s Trac Ter Cos 5s 86 Indpls Union Ry 6s 100% ... Indpls Water Cos 5%s 102 Indpls Water Cos 5s 95 Indpls Water Cos lieu & ref... 92% 94% Indpls Water 4%s 93% ... Indpls Water W Sec Cos 5s .. 85 Interstate Pub Serv Cos 4%5.. 91 No Ind Pub Serv Cos 5s 98% ... Interstate Pub Serv Cos 4%5.. 91% ... No Ind Pub Serv Cos 2s 101 No Ind Telegraph Cos 6s 97% 100 T H Ind Sr East Trac Cos 55.. 65 T H Trac Light Cos 5s Union Trac of Ind Cos 6s 17% ... —Sales— Indpls St Rv Cos pfd. 10 shares at 11 Indpls Col & So Trac 6s. 1 bond at 94 Indpls Street Ry 4s. 2 bonds at 32 Births Girls William and Georgia oods. 337 South Alabama. James and Luella Boyd. 575 West Morris. Harry and Velma Smith, Chris and Merle Reimer. 3837 English. Frank and Mildred Koehae, St. Vincent hospital. Joseph and Josephine Bise, 2454 North Dearborn. Joseph and Loelia Abraham. 1121'Central James and Mary McHugh, 810 Woodlawn. William and Leona Prlncell 2748 Sarth. Mahlon and June Addington. 1012 South Pershing. Harry and Mabel Phillips, 627 North Alabama. Charles and Letha Jones, Coleman hospital. Harry and Gladys Mayhew. Coleman hospital. Cecil and Beatrice Mize, Coleman hospital. Herman and Hazel Moore. Coleman hospital. Everett and Minnie Morrison, Coleman hospital. Bovs Henry and Alma Letcher. 2349 Kenwood Fort and Willie Degraphenreid. 833 Roach. Harry and Donna Graves. St. Vincent hospital. Orvis and Hilda Hubbell. 1152 East Ohio. Richard and Elsie Stringer. 2123 Clay. William and Marie Kruse. 525 3anders. Charles and Mary Brickert Coleman hospital. John and Hazel Cochran. Coleman hospital. Bennie and Beatrice Mav. Coleman hospital. Deaths Harry Addison Swain, 56. Christian hospital, toxemia. Samuel S. Broughton. 80. 1846 North Talbott, pulmonary oedema. Anna Harris. 59. 2006 Boulevard Place, chronic myocarditis. Edna Alieen Showman. 36. Coleman hospital. peritonitis. Hugh D. Dunnington. 88. 315 North Senate chronic myocarditis. Margaret C. Shanghausev. 29, 2626 East North, pulmonary .tuberculosis. Emily Johnson. 76. 2943 West Washington, arte-o sclerosis. Price Shobe. 62. City hospital, hypostatic pneumonia. Cotton Consumption Up Bv United Press WASHINGTON, May 14.—Cotton consumption report issued by the census bureau today stated that 532,283 bales of lint cotton were consumed in domestic mills in April against 508 576 bales in March and 631,802 in April 1929. Total consumption for nine months ended April 30 was put as 4.855,999 bales against 5,305,836 in the corresponding period of 19281929.

Dow-Jones Summary

American Gas and Electric Company reports output of 71.304.079 KWH bv Its subsidiaries for week ended Mav 10. 1930. decrease of 4 per cent below same period of 1929. Tennessee Copper and Chemical declared regular quarterly dividend of 25 cents. American Rolling Mill Company acquired Sheffield Steel Corporation through an exchange of common stock. Reynolds Investing Companv stockholders approve issuance of 1.217.499 additional common shares to acquire Reynolds Bros.. Inc., on basis of ten shares Reynolds Investing for thirteen shares Reynolds Bros. General Railway Signal gets $1,500,000 order from Toronto Terminals Railway Companv. owned Jointly by Canadian Pacific and Canadian National Railways. Shell Union Oil Corporation and subsidiaries for first quarter report loss of $3,155.0088 after interest, depreciation, depletion. etc., against profit of $1,458,577, before federal taxes In like 1929 quarter. Justice department filed injunction suit to prevent proposed unification of radio manufacturing facilities of Westinghouse and General Electric with Radio Corporation of American. Other named defendants are General Motors and American Telephone and Telegraph, Western Electric, R. C. A. Photophone, R. C. A., Victor and General Motors Radio. Chicago stockholders of Midland United Company are to receive rights additional common at $22.50 a shares in ratio of one share for every five held. Rights to subscribe to new stock will be good for

Business — and — Finance

Peoples’ Light and Power Corporation, which is controlled by Tri-Utlllties Corporation. reports that consolidated revenues of constituent companies amounted to *7.822,977 for the year ended March 31. 1930. as compared with $6,975,758 for the preceding twelve months, an increase of $847,219 or 12.14 per cent. Operating expenses, maintenance and taxes totaled $4,082,097. as against $3,659,227. an increase of $422,870 or 11.55 per cent. Gross corporate Income before deductions for bond interest and preferred dividends was $3,740,880, representing a gain of $424,348, or 12.79 per cent. CHICAGO. May 14.—Directors of the Central Public Service Corporation have authorized the issuance and sale of an additional 100,000 shares of $4 Cumulative preferred stock. This stock is to be sold throughout the territories served by the subsidiaries of the Central Public Service Corporation in furtherance of its customer ownership campaign. There are now slightly over 100.000 shares of the $4 cumulative preferred stock outstanding. Stockholders of Muskegon Motor Specialties Companv todav approved the proposed increase in the capitalization of the companv to 500.000 shares from 125,000 shares to provide for the acquisition of the Jackson Motor Shaft Company. The exchange of stock is on a share for share basis. ■ ■ -a The Perfect Circle Company. Hagerstown, Ind., in an official statement, shows a net income for the first quarter. 1930, of $162,123, after deductions were made for Interest, depreciation and federal taxes, equivalent to 99 cents a share on the 162,500 shares of common stock outstanding. This compares to $205,232 or $1.26 per share for the same period of 1939. The combined balance sheet of the Utah Radio Products Companv and the newly acoulred Carter Radio Company of Chicago and the Caswell-Runyan Company of Huntington. Ind.. as of Dec. 31. 1929. shows cash and government securities as $206,520.70 In excess of all current liabiliTotal current liabilities were shown to be $331,157.60 as against total current assets of $2,456,546.79. or a ratio of nearly 7% to 1.

Produce Markets

Eggs (countrv rum—Loss off delivered in Indianapolis. 19c: henery Quality. No. 1 20c: No. 2. 17c. „ . ... Poultry <puving prices)—Hens, weighing 41% lbs. or over. 20c: under 4% lbs., lie: Leghorn hens, lac: springers. 4 lbs., cr over 21c: under 4% lbs.. 21c; broilers. 1930 25c: old cocks. 12@15c: ducks, full feathered, fat whiles. 12c: geese. 10c. These prices are for No 1 top quant.? aueted bv Kingan & Cos. „ Butter (wholesale;—No. 1. 42<®43c: No 2 40® 41c. Butterfat —35c. Cheese iwnoiesaie selling price per pound i— American loaf. 31c: pimento loaf. 32c; Wisconsin firsts. 27c. Longhorns 34c New York iimberger. 36c. 1 ‘ NEW f YQRK. May 14.—Flour—Moderately active and steady; spring patents. ss.7sffi 6 Fork—Dull. Mess—s 32. Lard—Firm. Middle West —Spot. $lO 80® 10.90. TallowSteady; special to extra 5%® 6c. Potatoes —New steady; old. weak; Long Island, $3 50®4.50; Southern, $3.25®8; Maine, $3.75® 5; Bermuda. s9® 8.50. Sweet Potatoes— Steady; southern crate, $3; Jersey basket, 50c® $3.25. Dressed Poultry, firm; turkeys. 25®’43c; chickens. 17®34c; capons. 30®4<c; fowls. 14®30c; ducks. Long Island. 20c. Live Poultry—Steady; geese. 12®j1Cc; ducks. 14® 24c: fowls. 26c; turksvs 20® 30c; roosters,, 12®>13c; capons. 35® 40c brolle- s. 22® 43c. Cheese—Quiet; state whole milk, fancy to special. 24ffi 26c; Young America, 21®„25c. Bv United Press , , CHICAGO. May 14.—Eggs—Market, weak; receipts 20,725 cases: extra firsts, 21 %® 22c; first 20c; ordinaries. 19®19%c; seconds 17%c. Butter—Market, weak: receipts 7.288 tubs: extras. 33%c; extra firsts 31%®32%c: firsts. 30® 31c: seconds. 28ffi 29%c; standards. 33%c. Poultry—Market sieadv: receipts. 3 cars; fowls. 20c; springers. 25c: Leghorns, 20c; ducks, 18® 20c; geese, 14c; turkeys. 20c; roosters, 13%c. Bv United Press CINCINNATI. May 14.—Butter—Steady; creamery In tub lots, according to score. 34® 35c; common score discounted. 2® 3c; packing stock No. 1. 25c: No. 2. 16c; No. 3.12 c: butterfat, 32®35c. Eggs—S‘adv: cases, included: fresh gathered. 20%c: firsts. 20c: seconds. 17%c: nearby ungraded. 18%c. Live poultry—Thin and coarse stock sells only at heavy discount; fowls. 5 lbs. and over. 20c; 4 lbs. and over 21c; 3 lbs. and over. 21c: Leghorn, 3 lbs. Bnd over. 19c; roosters, 12c; broilers, colored over 2 lbs.. 37c; 1% lbs. and over. 34c l’i lbs. and over. 28c: Leghorn and Orpington broilers. 16 lbs. and over. 31c--1% lbs. and over. 25c; broilers, partly feathered. 24®26c; black sprtnegsr. 24c. Bu United Press CLEVELAND. May 14.—Butter—Extras. 39%c: extra firsts. 37'/2C. Eggs—Extras, 21c; firsts. 20c. Poultry—Fowls. 22® 23c; medium. 22® 23c: Leghorn. 20c: he-vy broi'ers. 35® 40c; Leghorn broilers, 28®32c; ducks. 20®24c; old cocks, 12® 14c: g-ese. 10® 15c. Potatoes—Maine Green Mt.. $2.65 ® 2 70 per 100-lb. sack: Idaho Russet. $3.75 ® 3.85 per 100-lb. sack.

On Commission Row

FRUITS Apples—Basket: Baldwin. s2ffi2.os; Stayman. s2® 3; Winesaps. 53.25: Northern Spy $2 25; Ben Davis. $2 25.- Boxes: Delicious. $4®4.50: Sta.vman. $3®3.25: Winesaps $2.75®3.25. Barrels: Baldwin. s6ffi 6.50- Ben Davis. $5.50: Winesaps. s7ffi 8.50. Grapefruit—Florida s6ffi7 a crate. Grapes— California Emperor, kegs. $5.50. Lemons—Fancy California. $5.75ffi6 75: Imported. Messina. ss® 5.50. Limes—Florida. $2,500.3 a 100; Dominican. $3.50. _ ... Oranges—Florida. S6ffiß.so: California, naval. ssffi9 a crate; Valencia. $6,250.8 a crate. Pineapples—Cuban. $4.25 a crate. Strawberries —Alabama, 24-quart crate. ss® 5.50. p ears _Avocado. California. S7 a dozen; D'Aciou. $4 75@5 a box. VEGETABLES Artichokes—California. $1.25 a dozen. Asparagus— California and Georgia. 45c a bunch: $3.50®4 a care. Beans—Texas stringles3. *3.25 a hamper. Beets—Louisiana, new. *2.50 a crate: Indiana. *2 a bushel. Cabbage—Texas, new. 6%®7c a pound. Carrots—California. *3 a crate; Texas $2.75; Indiana. $1 a bushel. Cauiifiower—Western. $1.75ffi2.25 a crate Celery—Florida. 54.75%5 a crate. Cucumbers —Hothouse. $1.65 a dozen. Eggplant—Southern. *1.250 2 a dozen. Kale —Eastern. $1.25 a bushel. Lettuce—California Iceberg. $4.500 5 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. Parsley—Southern. 50c a dozen bunches. Parsnips—lndiana. $1.35 a bushel. Peas—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. *5 a.25 a 150-pound bag; Colorado Russets. *4.50 a 100-pouna bag: Red River Early Ohios. *404.25 a 120-pound bag:, new Florida Cobbler. *3 a 50-pound hamper. Sweet Potatoes Tennessee. *2.25: Louisiana Golden Glow. *2.75.

thirty days and will expire June 24. Subscriptions may be paid In cash on or before June 24 or In four quarterly installments or In ten monthly Installments. Kansas City Southern Railway. Union Pacific Railroad and Chicago. Milwaukee. St. Paul At Pacific Railroad directors re-elected. Niagara Hudson Power Corporation and subsidiaries March net profit was $1,634,937 after charges, against $1,171.358 In March. 1929 In first quarter company earned 19 rents a share on 25,595,132 shares, against 18 cents a share based on same number of shares in 1929 quarter. G’idden Companv omitted 1 per cent stock dividend paid In three preceding quarters. Regular quarterly dividends of 50 cents on common and *1.75 on preferred declared. Frank C. Lowry elected president and director of Warner Sugar Corporation. Horace Havemeyer alco elee’ed director. LONDON—New York cablet opened at 485 29-32 unchanged: Paris chtrks 123 88. Amsterdam 12.082; Italy 92.675; Berlin 20.36. Albany Perforated Wrapping Paper Compeny quarter ended March 31, profit $75,029 after depreciation. Interest etc., against $92,671 in first quarter 1929. For nine months ended March 31 profit totaled $252,959 before federal taxes, against $148,922 same period previous year. Hecla Mining Company quarter ended March 31 profit $295,821 after ordinary taxes depreciation etc., but before federal taxes, against $493,037 in first quarter 1929. Car loadings in week ended May 3. totaled 942.899 cars, an increase of 35.725 over preceding week. 109,036 cars below like 1929 week, and 35.154 below like 1523 week. Republic Steel Corporation to start production of electric weld pipe on large scale at its new pipe mill at Youngstown within next few weeks. Warren Bros. Companv has been awarded contract bv Republic of Peru for construction of 600 miles of roadway to cost approximately $12,000,000. Otis Steel Companv first quarter earnings 51 cents a share on 841,002 common shares, against $1.19 a share on 807,002 shares In like 1929 period. Crude oil production in week ended May 10 averaged 2,595,150 barrels dally, a decrease of fifty barrels from preceding week and 39,600 barrels below dally average in like. 1929 week, according to American Petroleum Institute. Stocks of refined gasoline decreased 625,000 barrels to 53.203,000. Philip Morris & Cos. in year ended March 31. 1930, earned $1.02 a share against $1.15 In previous year. Exchange sends Questionnaire to members requesting details of transactions in Manhattan Electrical Supply common and Celotex Company common stock. In the Air Weather conditions in the air at 9 a. m.: West wind, 12 miles an hour; barometric pressure, 29.82; temperature, 54; ceiling, 3,000 feet; visibility, 10 miles; field, good. Air Travel Grows Bu Prs'RH MOSCOW, May 14.—The hum of propellers begins to be a common sound in the remotest corners of the Soviet domain. Tribes in Siberia, Central Asia and the Caucasus which never have seen a railroad car or an automobile, are becoming familiar with the airplane. Four and a half million kilometers will be flown this year by Soviet passenger planes of the trust Dobrolet, the assistant manager, A. K. Anders, predicts. This compares with two and a half million kilometers by the same trust last year. The figures for this one organization serve to indicate the magnitude of the growth of air communication here. The growth is accomplished by extending existing services and by opening new lines. Two new lines recently have been opened in distant parts of Siberia and the far north of European Russia. The air route Khabarovsk-Nikolaevsky-Sak-haiin is 1,100 kilometers long; the route Archangel-Sitkivkar / 930 kilometers. Britain Plans New Dirigible Bv United Press LONDON, May 14.—Plans for the construction of a third giant dirigible, larger, faster and more economical than the R-100 and R-101, already are in the hands of airship designers, it was understood today. The ship will be constructed for regular trans-Atlantic service, and it was reported the government would develop the Cardington airport to make it the largest and most important dirigible port in the world for use as a base for the three big ships. The new ship will be known as the R-102, it was understood. Latest information available in authoritative circles said the R-100 would begin its trip to Montreal, Canada, on May 25, weather permitting. Record Hop Fails Bv PrrRH NEW YORK, May 14.—Strong headwinds and generally bad weather conditions were blamed by Colonel Roscoe Turner today for his failure to break the transcontinental speed record recently set’ by Colonel and Mrs. Charles A. Lindbergh. Turner and his lion cub mascot arrived at Curtiss field Tuesday night from Los Angeles, more than an hour behind the mark he sought to lower. Turner’s estimate time was 15 hours and 40 minutes, as compared with 14 hours 23 minutes and 27 seconds required by the Lindberghs. Inspect Tour Cities Airports at Rushville and Madison, proposed steps on the second annual all-Indiana air tour June 16-21, w'ere inspected today by Lee H. Hottel, tour director, who flew' to the two cities with Walter W. Winslow, president of Indiana Aviation Corporation. Hottel will inspect other fields, and confer with city and Chamber of Commerce officials in other southern Indiana cities this week, hoping to complete the tour’s itinerary by the end of the week. Nineteen airplanes are entered in the tour thus far. Lost Record Sought Bv United Pngs ST. PAUL, Minn., May 14.—Miss Florence Klingersmith, Fargo aviatrix, announced today that she will attempt to regain within the next /two w’eeks the woman's world loop record. A short time ago Miss Klingersmith’s record was surpassed by Miss Harriett Engels of St. Louis, who made 344 loops. Yancey Starts Tour NEW YORK, May 14.—Lewis Yancey and three companions flew from Roosevelt field today on the start of a tour of South Amer ca. Washington will be the first stop. Others in the plane were Isadore Goldberg, Emil Burgin and Zeh Bouck. Goldberg will go only as far as Washington.

.MAY 14,1930

TARIFF RATE ON ACETIC ACID IS NO REALQUARD •Protects’ Producers of U. S. Against Own Plants in Canada. Bv United Press WASHINGTON. May 14.—Two acid rates in the Grundy b.lliondollar tariff are designed to “protect” American producers on the American side of the border from competition from their own plants on the Canadian side, analysis of the acid manufacturing field reveals. Acetic acid is that chemical which makes vinegar sour. Most people never have heard of it, but every i man, woman and child uses the substance in some form every day. It is an essential ingredient of automobile lacquer, synthetic silk, pigments, textile prints and leathertanning compounds. The tremendous expansion of the synthetic silk industry, says the United States tariff commission, “promises to make acetic acid rank among the leading organic chemicals.” In 1921, the United States produced 39.000,000 pounds of acetic aied. Imports for that year were about 33,000 pounds—less than one pound for every thousand pounds of domestic production. There was no tariff to destroy this foreign competition. No one ever had thought of a tariff to “protect” an industry which dominated the home market. After the great Harding landslide in 1920, it was determined that acetic acid required “protection.” When the Fordney-McCumber bill of 1922 was enacted, acetic acid was the first item on the list. The duty was fixed at % of a cent per pound on one grade and 2 cents per pound, on another, which two grades encompassed all production formulas. There followed the quick development of synthetic silk, the tremendous increase in automobile production, and the normal expansion of trade generally. Domestic production of acetic acid rose from 39.000,000 pounds in 1921 to 95,000.000 in 1927. Imports increased during the same period from 32,000 pounds to 10,000,000 annually. In view of the 1922 tariff, which ranged from 20 to 60 per cent of domestic prices in 1921, the increase in imports was inexplicable. The report of the tariff commission shows that practically all of the increased imports since 1922 have come from Canada. It points out, also, that the new Canadian plants are owned by the same United States interests which dominate the monopoly in domestic production. The destructive foreign competition recently sprung up, therefore, merely is that competition which American producers have provided for themselves.

The City in Brief

C. E. Kncpper, president of Emerson B. Knight, Inc., will speak on “Consumer Reseaich,” before the Advertising Club of Indianapolis at a luncheon Thursday at the Columbia Club. Eighty Fisk tire dealers from Indianapolis and vicinity will be guests of Fisk Tire Company, Inc.,, at a dinner conference at the' Spink-Arms. Gedaliah Bubliek, president of Mizarachi Organization of America, scheduled to deliver an address before the Indianapolis Jewry at the Achim Azarus synagogue, 708 South Meridian street, Tuesday night, failed to arrive. No further date| was set for the meeting. The woman’s auxiliary of Feder- j ated Postoffice Clerks Local No. 130 j approved the campaign of the Smoke Abatement League at a meeting Tuesday in the English hotel. The league plans a two-year program in an effort to cleanse Indianapolis ozone. Hollister Review No. 52, Woman’s Benefit Association, will hold an epen meeting at Castle hall, 230 East Ohio street, at 2:30 p. m. Thursday. Mrs. Grace Kennedy is program chairman. The Indiana Association of Inspectors cf Weights and Measures, will meet here June 18 to 20. Frank W. Tucker is president of the association. Marriage Licenses Nelson O. Davis. 27. of 522 East Sixteenth. lan'.tor. and Dorothy Crenshaw. 22. of 1539 Cornell, clerk. Clarence J. Korbe. 25, of 1409 East Vermont. brakeman. and Mary L. Lynch, 20, of 1409 East Vermont. Clifford Jackson. 25. of 2008 West Michigan, mechanic, and Mabel Jones. 19, of 1710 Blaine. John J. Ryan. 25. of 32 North Euclid, clerk, and Thelma I. Jenkins, 24, of 351$ East Washington, clerk. John W. Duncan. 25. of Henderson, Kv., strocer. and Sara C. Stone. 19, of 2030 Bellefontatne Frankie Price. 22. of 339 East North, Dainter. and Mery Stllwell. 20. of 312 East New York, clerk. Robert H. Kolker. 33. of 1106 East Washington. engraver, and Margaret M. Braaei, 21 of South Bend, clerk. William Childers. 21. of 419 West Fourteenth. clerk, and Estella E. Graham. 19. of 722 North West. Silvio G’llllarn. 22. of 1924 North Ala baxrta. clerk, and Katherine S. Stout. 19, of 2036 linden David H. Mundv." 22. of 1752 South Randolnh. mechanic, and Leota G. Benham, 19. of 1206 North Mount. AIRFIELD CONTRACT LET Danville (111.) Man Is Awarded Work on Runways. R. McCaiman, Danville (111.) contractor, who submitted lovl bid of $165,000 on runways and other improvements at the municipal airport, was awarded the contract today by the board of public works. The contract was approved tentatively eight councilmen and a special meeting called to ratify the award formally Thursday afternoon. Auction GOODS stored In the name of Bert Williamson. Betty Williams. Mrs. J. N. Morrev. Eiiz?. Butler. Leslie Hines. John Anderson. Lillian Davis ar.d Mable Bhe:ton will be sold for storage Thursday. May 29. at 939 a. m. Goods having been In storage the required length of time and charges unpaid. THE BANN.-R STOP \GE CO.. 328 E. Washington St. Rl. 5030 Card of Thanks CARD OP THANKS-Mrs. Anna May Shar-1 key wishes to thank her relatives *:um friends for the kindness and sympathy shown her at the death of her husbano® John Sharkey, most espielalv thank tl* Rev. Francis H. Gavisk./Ftnn Bros.. IhJg underfskers and all for their many acts £IJ kindness. j