Indianapolis Times, Volume 42, Number 4, Indianapolis, Marion County, 15 May 1930 — Page 16

PAGE 16

FIRM FOREIGN CABLES BOOST WHEAT PRICES Small Argentine Shipments Are Strong Factor in Market. Bu United Press CHICAGO, May 15.—Wheat had ft strong tone on the Board of Ttade and closed sharply higher with May and July acting very tight. Absence of any heavy selling, strong Liverpool cables and the small Argentine shipments were the chief factors. No disposition to sell is found in either domestic or foreign markets. The firmness is a matter of pit conditions rather than outside news. Com and oats were only fractionally higher with wheat. At the close wheat was % to Its cent higher, corn was % to Vi cent higher and oats was V* cent higher. Provisions were steady to a little easy. Liverpool firmed up during the late trading and closed strong, % tc 1 cent higher. Buenos Aires turned strong and was 1 cent higher at midday. Sales of 100,000 bushels Manitobas were reported over night. Cash prices were unchanged. Receipts were 13 cars. Com was a little firmer with wheat in a quiet market with most trading of a local character. At mid-session prices were fractionally higher. Receipts were small with country offerings of only 5,000 bushels, while the shipping demand continued good. Cash prices were Vi cent lower. Receipts were 70 cars. Oats gained in the minor fractions during the morning in sympathy with the other grains in a rather dull market. Cash prices were unchanged. Receipts were 68 cars. Chicago Grain Table —May 15— WHEAT— Prev. Hieh. Low. 12:00 close. Mav 1 .03% 1.02'4 1.03% }.o2i* July ......... 1.03% 1.02% 103% 1.03 September ... 106% 1.05 4 1.06% J-OS * Decembe- ... 1.11 */• 1.1014 1.11 s 1.10 * CORN— Mav 19% -18% .79% -18% July ... -80*4 .19 1 2 .80* a .19% September ... .81% .80% .81% -M% December ... -75 1 .75/ .75/2 .75 OATS— 42 41% ,41 7 .41 July V.V.V... .41% -41% -41% -41% September ... .40% .40% .40 2 .40 December ... .43 .42 a .43 .u /a RYE— 3 , Mav ... . • • .0074 July 83% .62% 63 .62 /i September ... .66% .66 .66 .66 * LARD— 10.27 10Jf) September I°- 55 10 - 55 B# Time* Svceial CHICAGO. Mav 15.—Carlots: Wheat—s, corn. 57; oats. 53; rye. 1, and barley. 3.

Produce Markets

Eggs (countrv ru© —Loss off delivered 1n Indianapolis. 18c; henery quality. No. 1 ~°Poultr? ’ <ouylng prices ) —Hens, weighing Vfa lbs. or over. 20c: under 4ls lbs.. Leghorn hens, iac: springers. 4 lbs., or over 21c: under 4lbs.. 21c; broilers. 1930 25c: old cocks. 12@15c: ducks, full feathered, fat whites 12c: eeese lOc. These prices are for No. 1 top aualitv quoted bv Kinqan Sc Cos. Butter (wholesale;—No. 1, 42@43c. No J. 40@41c. Butterfat—3sc. Cl.eese (wholesale seilma price per pound!—American loaf. 31c: pimento loaf 32c Wisconsin firsts. 27c. Longhorns 34c New York limberger, *6c. Bu United Press NEW YORK. May 15 —Flour—Dull and unchanged; spring patents. *5 75 Pork —Firm; mess, $32. Lard—Dull: middlewest spot. *10.75’!! 10.85. Tallow Dull, special to extra, 5%6c. Potatoes—Old. dull; new. steady; Long Island. $3.50@ 4 50; southern. *3.50!!i8; Maine, $3.35@ 4 75; Bermuda. sß*i 8 50. Sweet potatoes— Week: southern crate. $3: Jersey basket. [email protected]. Dressed poultry—Firmer; turkeys 25® 43c; chickens. 17ffi36c; capons. 304144 c. fowls. 144! 30c; ducks, Long Island. 20c. Live poultrv—Flrm. geese, 12® 16c; ducks. 14® 23c; fowls. 24@26c; turkevs. 20@30c; roosters. 15c; capons, 3S@ 40c: broilers. 20® 43c. Cheese-Steady: state whole milk, fancy to specials. 24® 25c; Young America, 21@25c. Bu United Press CHICAGO. May 15. Eggs Market, firmer; receipts. 23 270 cases: extra firsts, 22@22%c; firsts, 20'*c; ordinaries. 19® 19%c: seconds, 18c. Butter—Market, steady: receipts. 6,550 tubs; extras. 33%c: extra firsts. 31%@32%c: firsts 30® 31c; seconds. 28® 29%c; standards. 33%c. Poul-try-Market. steady: receipts. 4 cars; fowls. 20c; springers. 25c; Leghorns. 20c; ducks. 16c. geese. 14c: turkeys. 20c; roosters 13%c; broilers. 30® 38c. CheeseTwins. 18V*® 19c; Young Americas. 19%c. Potatoes —On track. 178; arrivals. 54; shipments. 864; market, old and new, firm; Wisconsin sacked Round Whites. *2.65®, 2.95: Idaho sacked Russets. $3.65® 3.75; Michigan sacked Round Whites. *3.10; Texas, Alabama and Louisiana sacked Bliss Triumphs, [email protected]. Bu United Press CLEVELAND. 0.. May 15.-Butter- Extras. 37 %c; extra firsts. 37 %C. Eggs— Extras. 22c; firsts. 21c. Poultry—Fowls. 23 ®24c- medium. 23® 24c; Leghorn. 20® 21c; heavy broilers. 35® 38c; Leghorn broilers 28®32c; ducks. 20® 24c; old cocks, 12® 14c; geese. 10® 15c. Potatoes—Maine Green Mountain. *[email protected] per 10-lb. sack; Idaho Russet. $3.75® 3.85. Bu United Press CINCINNATI. 0.. May 15.—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: butter fat. 32® 35c. Eggs— Steady; cases included; fresh gathered. 20%c; firsts. 20c: seconds. 17%c: nearby ungraded 19%c. Live Poultry—Thin and coarse stock sells only at heavy discount; fowls 5 lbs. and over 20c: 4 lbs. and over. 31c; 3 lbs. and over. 21c; Leghorns 3 lbs. and over. 19c; roosters. 12c; broilers cotored over 2 lbs.. 37c; 1% lbs. and over. 34c- 1% lbs. and over. 28c: Leghorn and Orpington broilers 1% lbs. and over, 31c: 1% lbs. and over 25c: broilers partly feathered. 24® 26c: black springers. 24c.

Investment Trusts

Bid. Ask. Am Founders (new) 24 1 4 35‘4 Basle Industry Shares B’w 9 5 Corporate Trust Shares 9' 9% Diversified Trust Shares (At... 26 '2 ... Diversified Trust Shares (81. 21*4 32'* Diversified Trust Shares (Ct.. 9H 9’ First Investment Corporation.. .. 11W Fixed Trust Shares (A) 22H ... Fixed Trust Shares (B> 19H ... Investments Trust ol N V 13 12*4 Leaders ot Industry 11** 12 1 * No Am Trust Shares 9\ 10H Power A Llaht Sec Trust 65 67 Revbarn & Cos 13 14'* Standard Oil Trust Bhares.... 10 12 S W Straus Inv Units 52 58 Selected Amer Shares B*4 8% Trustee Std Oil Sh B 10*y 11'a U S Elec A Pow Shares A... 42t4 44 1 * U S Elec A Power Shares <B> IS 13W NEW TORK COFFEE RANGE High. Low. Close. March .* 7.98 7.97 7.97 Mav 8.71 8 69 8 69 September 8.34 8.32 8.34 December 8.11 8.11 8.11 CLOSED BANK’S SAFE DEPOSIT VAULT SOLD State Savings Boxes Acquired by Bankers Trust Subsidiary. The safe deposit vault of the State Savings and Trust Company, closed recently, has been sold to the Bankers Trust Safe Deposit Company. Eben H. Wolcott, receiver of the former company, announced today. Various sections of the safe deposit boxes, each weighing two and one-half tons, will be removed today and Friday without disturbing contents of boxes. The Bankers Trust Safe Deposit Company, subsidiary of the Bankers Trust Company. Pennsylvania and Ohio streets, will continue service to safe deposit box holders of the closed bank without addi--1 tional charge until expiration of leases of box holders.

The City in Brief

Professor C rude Sifritt of Butler University has been named one judge in district oratorical contests for National Electric Light Association employes at Chicago Friday. Twenty representatives of Indiana members of the Associated Press heard an address by J. M. Kendrick, executive assistant to the general manager, at the Claypool Thursday. “Down on the Hoosier Hills” was the subject of an address by Dr. W. P. Bearing, Oakland City College president, before the Murat Caravan Club meeting today noon. Edward B. Raub today headed the Indianapolis Board of Trade committee to nominate the regular ticket in the June 9 election of officers. The tciket must be posted on or before May 19. Fice members may submit a ticket by petition. SECURITY FIRMS EFFECTMERGER R. H. Gibson Company and D. T. Fisher Consolidate. Officials of the R. H. Gibson investment securities company, with branch offices in the Circle Tower building, announced completion of negotiations today for merging of their organization with the D. T. Fisher & Cos., Chicago Board of Trade members of Ft. Wayne. Fisher wil become resident partner and manager of the Ft. Wayne office of the combined firms. The firms will continue to operate under the name of the R. H. Fisher & Cos., according to R. H. Gibsoli. managing partner. The combination gives the Gibson company membership in the Chicago Board of Trade in addition to its membership in the New York, Chicago and Cincinnati Stock Exchanges, and an associate membership in the New York Curb Exchange. The. D. T. Fisher & Cos. was organized in 1924 and is recognized as one of the leading commodity houses in the northern part of the state. The merger is part of the company’s program to extend its system throughout the state.

On Commission Row

FBOITS Apples—Basket: Baldwin. $2@>2.05: Stayman. *2®3: Winesaps. *3.25: Northern Spv. $2.25; Ben Davis. $2.25. Boxes: Delicious. [email protected]; Stayman, [email protected]: Winesaps. $2.75(33.25. Barrels: Baldwin. S6® 6.50: Ben Davis. $5.50: Winesaps. s7® 8.50. Grapefruit—Florida, s6®7 a crate. Grapes—California Emperor, kegs. $5.50. Lemons —Fancy California. *5.7506.75: Imported. Messina. $5(®5.50. Limes—Florida. $2.50®3 a 100: Dominican. $3.50. Oranges—Florida. $6(38.50: California, naval. ss@9 a crate: Valencia. $6.2508 a Pineapples—Cuban. $4.25 a crate. Strawberries—Alabama. 24-quart crate. $505.50. Pears—Avocado. California. $7 a dozen: D’AnJou. $4.75@5 a box. VEGETABLES Artichokes—California. $1.25 a dozen. Asparagus—California and Georgia. 45c a bunch: $3.50@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 ®7c a pound. Carrots—California. *3 a crate: Texas $2.75: Indiana. $1 a bushel. Cauliflower—Western. $1.75(32.25 a crate Celery—Florida. $4.75%5 a crate. Cucumbers—Hothouse. $1.65 a dozen. Eggplant—Southern. $1.25(32 a dozen. Kale—Eastern. $1.25 a bushel. Lettuce—California Iceberg. $4.50(35 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 Parslev—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. ss®6 a crate: Mexican. 10-pound box. $2. Turnips—lndiana $3: new $4. Potatoes—Michigan round whites. $5 5.25 a 150-pound bag: Colorado Russets. $4.50 a 100-pound bag: Red River Early Ohios, $434.25 a 120-pound bag: new Florida Cobbler. $3 a 50-pound hamper. Sweet Potatoes Tennessee. $2.25: Louisiana Golden Glow $2.75. In the Air Weather conditions in the air at 9 a. m.: West southwest wind, 14 miles an hour; barometric pressure, 29.77 at sea level; temperature, 54; ceiling, 2,000 feet; visibility six miles; field good. Arrivals and Departures Curtiss-Mars Hill Airport—Foote Reynolds, Nashville, Tenn., to Muskegon, Mich., Waco.; Charles L. McElroy, Indianapolis to Columbus and return. Ford trimotor; Walker W. Winslow, Indianapolis to Columbus and return. Travel Air; Monty Lamont, Chicago to Columbus, Ford trimotor; Embry-Riddle passengers to Cincinnati were W. J. Jones of Cincinnati and M. H. Chipman of Cincinnati; passengers to Chicago included L. H. Kirberg, Lombard, 111., and R. E. Kinaire of Chicago; T. A. T. passengers today included H. K. Cassidy to his home, Wichita, Kan. Hoosier Airport—L. Emmerman, Chicago to Indianapolis and return, Stinson; John Porter, pilot, Chicago to Columbus, Stanolind Junior, belonging to the Standard Oil Company of Indiana; Paul Cox, Terre Haute to Indianapolis, Darling monoplane, overnight. Capitol Airport—Dudley Jones, Milwaukee to Columbus and return to Indianapolis, Stinson; Elmer H. Jose to Columbus and return, Clyde Robinson, passenger; H. W. Stokes, Buffalo. N. Y., to Tulsa, Okla.. Fleet plane, and J. H. McDuffey, return from Detroit, Ryan. World Race Likely Bu i nit'il Press NEW YORK. May 15.—A race for anew world-circling record was reported today to be scheduled to start in June between John Henry Mears who twice established new speed records in circling the globe, and William S. Brock, who attempted to set one in 1928 with Edward Schlee. The record is held by the Graf Zeppelin, which set the mark at eighteen days. Three in Auto Hurt Bu United Press WARSAW, Ind.. May 15.—Three persons were injured, all seriously, when the automobile in which they were riding crashed into a tiee at the roadside new here today. Mrs. A. R. Myers, Lebanon, suffered fractures of an arm and leg; O. D. Kellogg and L. A. Kellogg, both of Ft, Wayne, were also injured.

SWINE MARKET ABOUT STEADY AT CITYYARDS Slaughter Classes Exhibit Firmer Trend in Cattle Mart. May. Bulk. Top. Receipts. 8. *10.40 *10.50 5.500 9. 10.50 10.50 6.000 10. 10 [email protected] 10.40 2,500 12. 10.25® 10.35 10.35 5.000 13. 10.25@ 10.35 10.40 7.000 14. 10 35 10.40 6.500 15. 10.35 10.35 7,000 Hog prices held about steady in trade at the Union stockyards this morning. The bulk, 160 to 250 pounds, sold for $10.35, this price representing top paid. Receipts were estimated at 7,000, holdovers were 294. Cattle receipts were 700, with slaughter classes strong to 25 cents higher. Vealers sold 50 cents up at sll down. Calf receipts were 900. Sheep were steady with receipts of 700. Spring lambs were mostly $9 to sl2, with cdd head going at sl3. Chicago hog receipts were 22,000, including 5,000 direct. Holdovers were 7,000. Today’s market slow to 10 cents lower than Wednesday’s average. A few loads of choice 170 to 210 pound weights sold at $10.15 to $10.25. Cattle receipts were 6,500; sheep, 13,000. —Hoes— Receipts, 7,000; market, lower. Heavies. 300 lbs. up $ [email protected] 250-300 lbs 10.00@ 10.25 Med. wts.. 225-250 lbs 10.25® 10.35 200-225 lbs [email protected] Lleht wts.. 160-200 lbs 10.25@ 10.35 Light lights, 130-160 lbs [email protected] 90-130 lbs 8.75 @ 9.50 Packing sows 8.25@ 9.25 -CattleReceipts. 700; market, steady. Beef steers, 1,100-1,500 lbs., good and choice [email protected] Common and medium [email protected] Beef steers, 1.100 lbs. down, good and choice 10.50® 13.00 Common and medium [email protected] Heifers. 850 lbs. down, good and choice [email protected] Common and medium [email protected] Cows, good and choice 7.50®! 9.00 Common and medium 5.75® 7.50 Lower cutter and cutters 4.00® 5.75 Stocker and feeder steers, good and choice [email protected] Common and medium 7.00® 9.00 —Vealers— Receipts. 900; market, lower. Medium and choice $ [email protected] Cull and common 5.50® 8.50 —Sheep— Receipts, 700: market, steady. (Shorn basis) Lambs, good and choice $ [email protected] Common and medium 7.50 @ 9.00 Spring lambs 9.00 @13.00 Ewes, medium to choice 4.00@ 5.00 Cull ,and common 2.00® 4.00 Other Livestock Bu United Press CHICAGO. May 15.—Hogs—Receipts 22,000; including 5,000 direct; mostly 10c lower; slow at the decline; a number of bids off more; top $10.30 paid for a load of 185 lb. weights; butchers, medium to choice. 250-350 lbs., [email protected] 200-250 lbs., $9.75@10.?0; 160-200 lbs., $9.75@10:30; 130-160 lbs.. [email protected]§; packing sows, [email protected]; pigs medium to choice, 90-130 lbs u *9 @lO. Cattle—Receipts. 6,500. Calves —Receipts, 3 000; steer trade unevenly steady to 25c higher; good share of Monday’s decline regained; little yearlings, heifers and mixed offerings active; best weighty steers. sl4; medium grades light steers rather slow: slaughter classes, steers, good and choice 1,300-1,500 lbs., $11.75® 14.25; 1,100-1,300 lbs.. $11.50@14; 950-1,100 lbs., $11%13.75; common and medium 850 lbs. up. [email protected]; fed yearlings good and choice, 750-950 lbs., [email protected]; heifers, good and choice 850 lbs. down $9.75® 11.75; common and medium, [email protected]; cows, good and choice. [email protected]; common and medium. [email protected]. Sheep—Receipts. 13,000; Nothing done, acting steady; best shorn lambs held around $9.75; good California springers held around *11; a few natives $11.50; fat ewes quotable steady at ss@ 5.50; slaughter classes, spring lambs good and choice, $10.75® 11.75; medium. $9.50® 10.75; cull and common, [email protected]; lambs good and choice 92 lbs. down. [email protected]: medium. $8.50@9; cull and common. $7.75 @8.50; medium to choice (92-100 l'os. downj, sß® 9.75; ewes, medium to choice. 150 lbs. down [email protected]; cull and common, $2 @4.25, B.U Times Special LOUISVILLE. May 15.—Hogs—Receipts, 500; market, steady: 300 lbs. up. $8.55: 225300 lbs.. $9.60; 165-225 lbs.. $10.20; 130-165 lbs.. $9.40: 130 lbs. down. $7.40; roughs, $6.85; stags, $5.25. Cattle—Receipts, 100; market, steady; prime heavy steers. $10.50 @11.50; heavy shipping sters. [email protected]; medium and plain steers. [email protected]; fat heifers. $7.50® 11; good to choice cows, $6.25® 8; medium to good cows, $5.25® 6.25; cutters. [email protected]: canners. [email protected]; bulls. s6@B: feeders, [email protected]; stockers. $7.50@11. Calves —Receipts. 300; market, steady; tops, $9; good to choice. s7®9: medium to good. $5.50@7; outs. $5 down. Sheep—Receipts. 1,500; market, steady ewes and wethers, lambs. $11.25; buck lambs. $10.25: seconds and fed lambs, [email protected]; clipoed sheep. s4@s. Wednesday 's shipments: Cattle, none; calves, 180; hogs. 61; sheep. 1,421.

Bu United Pres* EAST ST. LOUIS. 111., May 15.—Hogs— Receipts. 13,000: market. 5c to mostly 10c lower; bulk, 160-250 lbs., $10.10(310.15; top. $10.20: most cows. $9; few. $9.10. Cattle —Receipts. 1.500. Calves—Receipts. 1.000; undertone, strong on steers, mixed yearlings and heifers, vealers. 25c higher at $11.50: other classes generally steady. Sheep—Receipts. 2.1)00: market, no early sales: indications steady to lower; holding best spring lambs above, $11.50. Bu United Press CLEVELAND. May 15.—Hogs—Receipts. I, holdovers. 586: desirable weights 5c to mostly 10c lower: pigs, 25c off; sows and stags steady; 150-210 lbs., mostly $10.50: ton. $lO 60; bulk. 220-250 lbs.. $10.20 ©10.40: 250-300 lbs.. $10.25: pigs. $lO. Cattle—Receipts. 350: steers very draggy. weak; common to medium. $9(310.40; kinds predominating: cows steady; fat offerings. $6(3 8 or above; cutter grades, $3.50(35.75. Calves—Receipts. 350: active, strong, better grades [email protected]: medium. $9.50® 11. cull and common downward to $8 and under. Sheep—Receipts. 800; steady; good to choice lambs. s9® 10; kinds predominating. culls downward to $5.50; fat ewes, $4.50® 5.50; few merely good springers, sl3. Bu United Pres* TOLEDO. May 15.—Hogs—Receipts. 400: market 10® 15c lower; heavies. $9.75® 10; mediums, slo.lo© 10.25: Yorkers. $9.50© 9.75: pigs. s9© 9.75. Cattle —Receipts, light; market slow. Calves—Receipts, light: market, slow. Sheep—Receipts, light; market, strong. Bu United Press PITTSBURGH. May 15.—Hogs—Receipts. I. market 15© 25c lower; sows steady at $8.50®9; 160-200 lbs. butchers. $10.70 and $10.75; 220-250 lbs.. 110.50010.65; 100130 lbs., mostly slo® 10.25. Cattle—Receipts. 25: market steady; load of plain steers. $9.75. Calves—Receipts. 150; market steadv; good and choice vealers. slo® 11. Sheep—Receipts. 300: market 25c lower on clipped lambs: bulk. $9®9.75; spring lambs and sheep steady; few springers. sll® 18; shorn aged wethers, $5 <35.50. Bu United Press CINCINNATI. May 15.—Hogs—Receipts. 3.200: including 1,200 direct, held over. 320: fairly active early, steady: sows steadv to 25c higher: late trade slow; top, $10.50: bulk. 170-230 lbs, $10.40© 10.5 o: 240-260 lbs.. $10.25© 10.40: 260-300 lbs.. $lO @10.25: light lights. $10: pigs. $8.50©.9.50: bulk sows, $8.75© 9. Cattle—Receipts. 275; calves. 350: slow, steadv; bulls, weak; few slaughter steers and heifers. s9© 11: cows, mostly $6.50© 7.50: cutter grades, $4.75® 6.25; bulls. s7© 8: better grace vaster . 50c higher: other grades strong: top, sll 50' god to choice, $10.50® 11.50. Sheep —Receipts. 225: steady: top. $11.50: good and choice springers. slo© 11.50; medium. $8.50©9.50: cull and common, $8 down; few mutton ewes. s4@s. Bu United Press EAST BUFFALO. May 15.—Hogs—Receipts. 1.500: holdovers, 400: rather slow. 5© 15c lower: bulk. 120-240 lbs.. $10.75: few loads. $10.85: packing sows. $9©9.35. Cattle—Receipts. 200: fairly active, mostly steadv; good heifers. $11.25® 11.50; meduim. $10©10.25; cows, scarce; cutter grades. $3.50© 6. Calves—Receipts. 250: vealers. fully steady: good to choice, mostly $11.50: common and medium. [email protected] Sheep—Receipts. 1.000: lambs, steady: duality plain, god to near choice clippers. $9.50: mixed offerings. $9: aged wethers. *5 75 down; few desirable spring lambs. $13.25. Bu United Press FT. WAYNE. Ind. May 15. —Calves—Receipts. 50; hogs. 450; sheep. 25: hog market, steady: 90-110 lbs., $9.20: 110-130 lbs.. $9.45; 130-150 lbs.. $9.65; 150-:0 160-180 lbs., $10.15: 180-300 tbs, 0.35; 300-225 iba, $10.15; 225-250 lbs, $10.05: 250-300 Jfcs, $9.66; 300-350 lhs, $9 '5; rough*. 8*50; stags *: calves. $10.50; cltrred lambs. ss; woo led Umos, ss*.

THE INDIANAPOLIS TIMES

New York Stocks —“(By Thomson Sc McKinnon)

—May 15— Prev. Railroads— High. Low. 11:30. close. Atchison 228% 227% 228% 227% Atl Coast Line 166% Balt Sc Ohio 116% Chesa Sc Ohio 71 Chi Grt West 15 15 Chi N West 83% 82% 83% 82% C R I & P 114 113% 114 113% Del L Sc W 128 130 Del Sc Hudson 172 171% Erie 49 Vi 49 49 49 % Erie Ist pfd 63% 63% Great Northern 93% Gulf Mob & Oil 40 % Illinois Central 129% Kan City So 16V* MKSc T 58% 57% 57% 58% Mo Pacific J 83 Mo Pacific ®fd.. 133 N Y Central.... 176% 175% Nickel Plate 116 NY NH Sc H 115% 115 Nor Pacific .... 83% 83% 83% 82% Norfolk Sc West 242 O Sc W 14 Pennsylvania .. 78% 78% 78% 78% Seaboard Air L 10 So Pacific 121% Southern Ry 112% St Paul 22% 21% 21% 22% St Paul pfd ... 36% 35% 35% 36 St L Sc S F 115 114% Union Pacific 224 % Wabash 52% 52 52% 52 W Maryland .. 30% 3O 30% 29% Equipments— Am Car Sc Fdy 55% 54 Am Locomotive. 68% 67 67% 68 Am Steel Pd 42 Vi Am Air Brake S 46 Gen Am Tank.. 106% 106 106 106% General Elec .. 84% 83% 84 84 Gen Ry Signal 93 95 Lima Loco 36 35 Man El Sup 18 Press Stl Car .... ... 10 Pullman 79% Westingh Air B 44 44% Westingh Elec ..179% 178% 178% 179% Rubbers— Firestone 24 23% 23% 23% Fisk 4 4 Goodrich 41V* 40% 41% 41% Goodyear 84 Vi 83% 83 V* 84% Kelly Sprgfld 4Vi ... U S Rubber 29% 29 Va 29% 29'/* Motors— Auburn 181 177% 178% 186 Chrysler 35% 31% 34% 35% Gardner 4% 4% Graham Paige... 9% 9Vi' 9% 9% General Motors.. 43% 48V* 48% 48% Hudson 44% 44% 44% 44% Hupn 20 V* Mack 68 67% 67% 69% Marmon ... 22% Nash 43% Packard 18% 18% 18% 18% Reo 11% 11 11 11 Studeabker 36% 36% 36% 36% Yellow Truck .. 28% 28% 28% 28% Motor Access— Am Bosch 40 Vi Bendix Aviation. 42% 41% 42% 41% Borg Warner.... 38% 38 38% 38 Briggs 21% 21% 21% 21% Eaton 29% 29 29 29% El Storage B 71% 71% Hayes Body 12% 11% 11% 11% Houda 22% 21% 21% 22% Motor Wheel 30 Sparks W 26% 24V* 26% 24% Stewart Warner. 28 27% 27% 28% Timkin Roll 76% Mining— Am Smelt 70 70% Am Zinc 10% Anaconda Cop.. 61% 60% 60% 61% Cal & Hecla .... 20% 20% 20% 20% Cerro de Pasco. 57% Freeport Texas.. 50% 49% 49% 50% Granby Corp .... ... 33% 34% Great Nor Ore.. 21% 21% 21% 31% Greene Can 88., Howe Sound 32% 31 % Int Nickel .... 33 V* 33 Vi 33% 33% Inspiration ... 20% 20% Kennecott Cop.. 47% 46% 46% 48% Magma C0p.... 36% 36% 36% 36 7 /8 Miami Copper 22., 22 Nev Cons ... 21 Vi 21% Texas Gul Sul.. 60% 60% 60% 60% U S Smelt 29% Oils— Amerada 25 25% Am Republic. 25 26% Atl Refining 43 Vi 43 43 43% Barnsdall 27% 27% 27% 28% Houston 105 103% 103% 104% Ind Oil 26 25% 25% 26 Indian Refining.. 20% 19% 20% 19% Mex Std 28% 28 28% 28% Mid Conti .... 28% 28Vi 28% 28% Pan-Amer (B) 65% 66% Phillips 40 39 39% 41% Pr OH & Gas ■ • 47% Pure Oil ... 24% 24% Richfield 23% 23% 23% 23% Royal Dutch 54 53% 53% 53% Shell Un 22% 21% 21% 22% Simms Pt 32% Sinclair 28 Vi 28% Skellv ••• ••• 30*2 Standard of Cal. 70% 70% 70% 72% Standard of N J 80Vi 79% 80 80% Standard of N Y 37V* 37 37 37 Texas Cos 58 57Vi 57% 58 Union Oil 45 Vi 48% Mills.. 74V* 74 74 75% Bethlehem 97% 97 97 97% Byers A M .... 96% 95% 95% 94% Colo Fuel 62% 58% 61% 58% Ludlum ........ 32% 31% 32% 33 Midland 39 39 Newton ~ *.. ••• Repub I & 5.... 56% 55% 56% 56% U S Steel 173% 172% 173,, 174% Vanadium 116% 114% 114% 115% Youngst S & W 38 Vi Am° b Sumatra... 15% 15Vi 15% 15% Con "cigars**'.... ' ‘ *ll Llg n & a Mys a ß'.'.loß% iOB% io|% 109% Lorillard 25% 25% 25% 25% Phil Morris 13 13 Reynolds Tob 53 Vi 53/* Tob Pr 83% ”3% ”3% 4 United Cig 6Vi 6% Utilities— Adams l Ekp - :::: 3i% '31% 31% '31% Am For Pwr ... 84% 83% 84% 82% Am Pwr & Li. .. ••• 107 110 A T Sc T 250% 248% 250 250 Vi Col Gas &El .. 86% 85 86% 83% Com & Sou ... 18 17% 18 17% El Pwr Sc Li ... 91% 90% 90% 91% Gen Gas A .... 15 14% 15 15 Inti TANARUS& T 65% 64 Vi 65 V* 65 Natl Pwr & Li.. 48% 47% 48 48% No Amer Cos ...121% 120% 120% 121% Pac Gas Sc El .. 71 70% 71 69% Pub Serv N J ..117% 116% 117% 117% So Cal Edison 68% 67% Std G & El 119 Vi 118% 118% 118% United Corp 49% Ut Pwr & L A 41% 41% 41 Vi 41% West Union 184% Shipping— Am Inti Corp 44% Inti Mer M pfd United Fruit 92 Foods— Am Sug , 61% Armour A 6% 6% 6% 6% Beechnut Pkg ... 68% Can Dry 64% 64% 64V* 63% Childs Cos ••• 63 Coca Cola 184% 184% 184% 184% CcSrn Prod”? *'.'.106% 106% i06% 106 J Gen*Foodss9% 58% 58Vi 59% Grand Union 17 Hersev 10'% 104 104% 104 Kroger 35 34V* 35 34% Nat Biscuit ... •••* $6 Pillsbury 33 s at::. 23 '22% 2 v* ? Ward Bkg 10% 11 Coty Inc 27Vi 27% 27% 27% Lambert Cos 102 Lehn & Fink 30% Industrials— Am Radiator 33 32% 33 33% Bush Terms 41 Ortainteed 9% I-i Gen Asnhalt.... 59 58 58 58% m?s*Elev ort '.'.'.:: 74% -73% '73% 74Vi Indus Chems— Allied Chem 319 319 Com Solv 37% 31% 32 32% Union Carb 88% 87% 87% 87% U S Ind Alco.. 94% 93% 94% 93 Retail Stores — .... Assoc Dry Gds.. 47% 45% 48% 45% Glmbel Bros 18% 18 18% 18% Kresge S S 31 Mav D Store , 85% Mont Ward 44% 44% 44% 44% Penny J C 67% 68% Schulte Ret St 8% ... Sears Roe P'% 83% 84 85 Woolworth .... 63 62Vi 62% 63% Amusements— Bruns Balke .... 21 20% 21 , 20% Col Graph 28% 28% 28% 28% Crosley Radio .. . .18 , Kastman Kod ..2A.9% 248 2<B 249% Fox Film (A).. 53% 53% 53% 53 Grigsby Gru 21% 21 21% 21% Loews Inc 95 93% 94% 94% Param Fam 70% 69% 70% 70% Barilo Corp 51% 50% 50% 51% R-K-O 45V* 43% 44% 43% Schubert 29% 28% 28% 28% Warner Bros .. 67% 66% 67 67% Miscellaneous— Airway App 28 Vi 28% City Ice <sc Fu ... 45 Congoleum .... 16 15% 16 15% Am Can 145% 143% 144% 1*5% Cont Can 65% 65V* 65V* 66 Curtiss Wr 11% 11 11 % 11 Gillette S R.... 85% 85% 85% 85% Real Silk 52 V* 51 51 52% Building Permits J. F. Farmer, addition. 2129 Brookside. $750. Bogue’s Institute, alteration. 1145 North Illinois. S7OO. H. L. Simons, dwelling and garage. 6930 Washington boulevard. $50,000. Rudolph Messerlv. dwelling and garage. 1028-30 Olney. $4,250. T. H. Sidel. building. Senate and Michigan. $6,000. * Washington Bank and Trust Company, ge-age. 2536 College. S6OO. E Menses, repairs. 215a Dexter. S3OO. Women's prison, greenhouse. 401 North Randolph. *1,900. H’-r- Bn. dwelling and garage. 1110-14 North Temple. *4.000. U. S. IN BAD SHAPE At Least, That’s How Baptist Keynoter Feels About It. Bn T’nifed Press NEW ORLEANS, May 15.—Delivering the convention sermon of the Southern Baptist convention, Dr. Robert O. Lee of Memphis called America “the land of artificial beau|ty shops, jazz orchestras, comic } strips, shrieking posters, cocktail j crusaders, tom-tom dances, itching ears and potterings with shabby nothings.*

REACTION HITS STOCK SHARES AFTER UPTURN l —. Trading Curtailed as Prices Sag From Fractions to 3 Points in List. Bu United Press NEW YORK, May 15.—The expected technical reaction developed today on the stock exchange. Trading was further curtailed as prices sagged off fractions to 3 points in the general list and as much as 10 points in special issues. The best shares on the board met the most selling and made the widest declines. Fair support was encountered on dips and there was no attempt to stampede in any issue. A few stocks here and there made gains. Expectation of a firmer call money rate in the next few days, due to mid-month settlements and government financing operations, was one cause of the decline. Strong Spots Noted A few strong spots were noted in the utilities. Columbia Gas spurted 3Vs to 86Vs, and held most of the gain. American and Foreign Power was active around 85Vi, up 2Vi. Other issues of the group declined 1 to nearly 3 points. Around noon Electrical Power and Light was down 2%, at 89%; American Telephone at 247%, and Standard Gas, 2%, at 116%. Losses of a point or more were recorded in Consolidated Gas, United Corporation, National Power and Light and Public Service. Gains were made by United Stores issues, American Tobacco B, Radio-Keith-Orpheum and Sinclair Consolidated. Bot these issues were exceptional to the trend. Steel Under Pressure United States Steel was under pressure, dipping to 172%, off 2%. Radio Corporation around noon was at 49Vs, off 1%, Vanadium 113%, off 1%; American Can 143%, off 1%; Woolworth 62, off IV4; Westinghouse Electric 176%, off 3%; General Electric 83%, off %; American Locomotive 67%, off V 4; Warner Brothers Pictures 66Vi, off Vi. American Locomotive directors reduced the dividend by 50 per cent from $8 to $4, but this cut had been amply discounted and the stock barely made any response to the news, holding steady. High priced speculative shares made wide declines. Auburn Auto dropped 10 Vs points to anew low for the year at 175, while J. I. Case lost 9, to 336, and Eastman Kodak 3%, to 246.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, May 15.—The breaking of the buyers’ stride insofar as copper is concerned is taking on added significance as an indication of what may be expected in other directions. Already we are hearing reports that the steel manufacturers will shortly let it be known that their price cutting is at an end, and with this assurance, it is fair to assume what buyers who have permitted inventories to run low will again begin to anticipate requirements. Confidence of buyers in the stability of commodity prices will go far to stimulate business activity. Large bodies move slowly naturally, and at the start improvement in general business likewise may appear painfully slow. Nevertheless, if we can judge by the betterment already under wsiy in several places, acceleration is not far off. We doubt that the brokers’ loan report will show sufficient change to disturb the market, and allowing for usual moderate reactions from time to time, we adhere to the opinion that seasoned securities will gradually enhance in value.

Local Wagon Wheat

City grain elevators are paying 96c for No. 2 red wheat and 91c for No. 2 hard wheat. Marriage Licenses Walter J. Marquis, 48. Brightwood Y. M. C. A, engineer, and Winifred B. Epperson. 44. of 3638 Roosevelt, nurse. Fred W. Phelps. 26. of 1202 North New Jersey, surveyor, and Louise E. Stagg, 27. of 12C2 North New Jersey. Beri ard N. Kirshbaum, 55, of 3733 North Meridian, retired, and Mabelle L. Richey. 32. of 3015 North Meridian. Donald F. Adams. 21. Beech Grove, mechanic. and Margaret M. Coons, 18. Bsech Gfove. Moses N. Patterson, 50. of 431 Patterson, mechanic, and Barbara Whitlock, 49, of 431 Patterson. Dwight C. Davis. 26. of 847 South Meridian. chauffeur, and Helen G. Dalton. 26, of 926 South West, bookkeeper. Births Boys Berton and Pearl Prall, 3130 West Michigan. George and Lenoa Bailey, 926 English. William and Alice Evas. 510 South Keystone. Melvin and Lvdia Stephens, 2742 North Gale. Robert and Marjorie Reid, Methodist hospital. Jack and Lucile Haton. Methodist hospital. James and Myrtle Mcßridge, Methodist hospital. . .. ~ Robert and Freda De Noon, Methodist hospital. . , . Peter and Pearl Martin, Methodist hospital. Lee and Ruth Whyde. 951 Bell. Raymond and Gertrude Wald, 1226 Union. Louis and Minnie Kidwell, 2531 Prospect. Charles and Hazel Gross, Christian hospital. Mvrel and Martha Lewis. 541 North Hamilton. Girls Francis and Eveline Sweeney, 513 North Alabama. _ , August and Mary Caito, 430 South New Jersey. Alfred and Mabel Aylot. 2515 BellefonRussell and Isabel Arthur, Methodist hospital. Parmer and Myrtle Meyer, Methodist hospital. Phillip and Marion Kline, Methodist hospitaL Wyant and Mildred Laycock, Methodist hosp'ital. Jake and Florence Tewell. 316 Cora. Kenneth and Mary Miller, 464 West Twelfth. Harrison and Lucille Sawyer, 829 Church. James and Leila Hobbs, 1601 Wilcox. John and Lucille West, 448 North Agnes. Felix and Evelyn Crossen, 834 South East. Deaths . Lewis F. Laster. 41, 820 Camp, acute gastrio enteritis. Medonna Edna Gwinn, 4, Riley hospital, streptococcus meningitis. Velma Lena Marshall, 62. 1112 Udell, Intestinal Influenza. Mary Jennings Campbell. 61. 2103 South EUnersbn. carcinoma. Minnie L. Fisk. 54. 908 North De Quincy, coronary thrombosis. Sewell Nebeker. 57. Hooks Drug Store. 57. acute cardiac dilatation. John L. Hammons. 72. 820 North Hamilton. angina pectoris. Elisabeth Jane Hardwick. 51. 812 East Twenty-fifth, carciroma. Omer E. Niehous*. 46. 502 West Washington. acute dilatation of heart. Beniamin Werning. 67. St. Vincents hospital. lymphatic leukemia. ■ . Memi* JL Weaver. 52. Thirteenth and E'’*-vwid*£ acute aneurism of sorts <r jr-'-r-c !©”' Gunn, 92. 1102 East Ohio, srtrrify-i'rosis..

Dow-Jones Summary

American Shipbuilding Company for six months ended Dec. 31. 1929. earned *3.37 a share on 145.054 common shares. Pacific Gas and Electric receives sanction of California railroad commission to acquire Orest Western Power Company. San Joaquin Light and Power and Midland Counties Public Service Corporation through exchange of stock.. Traux-Traer Coal Company and subsidiaries first quarter earnings were 56 cents a share on 245.000 shares. Pittsburgh tc Lake Erie railroad first quarter earned $1.69 a share against $1.70 a share in like 1929 quarter. New York Central railroad, including leased lines. fir*t quarter earned. $8,171.256 after taxes and charges, against $14,992,639 in like 1929 quarter. Anaconda Wire and Cable Company of California. Anaconda Wire and Cable Company. subsidiary, acquired California Wire and Cable Company. Roval Dutch Petroleum ompany declared fllnal common dividend of 14 per cent same as a year ago. International Paper and Power Company and subsidiaries first quarter earned $670,051 after depreciation, amortization interest, taxes and dividends on preferred and minority common stock of subsidiaries, against $480,423 in like 1929 quarter. Southwest Pennsylvania Pip? Lines Company declared regular quarterly dividend of $1 payable July 1. record June 16. Monongahela West Pennsylvania Public Service Company declared regular quarterly dividend of 43% cents on 7 per cent preferred, payable July 1, record June 16. Edward C. Fielder of Jacquelin and De Coppet and Alexander G. Gale of Vernon C. Brown Sc Cos., have been appointed governors of the New York Stock Exchange. Power produced by public utilities In United States in 1929 totaled 97.352,385,000 K. W. H. an Increase of 10.8 per cent over 1928. Acme Steel first quarter sales $4,500,000 against $6,250,000 in like 1929 period and $4,500 000 in like 1928 period. April sales best since last October. International Telephone and Telegraph directors re-elected. Postal Telegraph and Cable directors reelected. National Supply Company in March quarter earned 40 cents a common share, against $3.03 In March 1929 quarter. Sear* Roebuck Sc Cos. and Montgomery Ward * Cos., cut tire prices on an average of 4.1 to 6 per cent. Cities Service Company stockholders of record May 29, offered right to purchase convertible debentures at par In

Business — and — Finance

Directors of National Family Stores declared the regular quarterly , dlvld . en “ 50 cents a share on the preferred slock and 40 cents a share on the common slock, both payable June 1. to stockholders oi record May 20. MILWAUKEE. Wis., May 15.—Unit Corporation of America had 1,737 stockholders on April 10. an increase of nearly 58 per cent since Jan. 1. this year, according to announcement Wednesday. The company’s past earnings record and its strong position in the Industry are largely responsible for the increase It was officially stated. At the beginning of the present year the company had something like 1,100 stockholders. The Amerada Corporation reports that Grounds Well No. 2 in the South Earlsboro Field of Oklahoma, which was recently brought in with an initial production of approximately 7.500 barrels il Jf; lK ha j ai l lv ' creased its flow to 14.000 barrels daily. The well is on property owned jointly with the Dixie Oil Company. CHICAGO. May 15.—Customers of Central Public Service Corporation have increased 29 per cent since the first of the year, according to Albert E. Pierce, president. On May 1, the corporation was supplying gas or electricity to 496.797 customers compared with 386,296 on Dec. 31, 1929. The rate of Increase continues the record showing of 1929. when between the first and last days of the year customers of the company increased 92 per cent, from slightly more than 200,000 to over 386,000. American Water Works and Kectrlc Company. Inc., reports consolidated gross earnings for the year ended March 31. 1930, of $54,688,149. a gain of $3,089,357 over cross of $51,598,792 reported for twelve months ended March 31. 1929. .. Net income after all char Res, including: reserves, totaled $7,850,553. equivalent, after preferred dividend, to $3.92 a share on the 1.698,511 shares of common stock outstanding. For the ve&r e. nd ' d J$ a n r o C 0 h 31 1929 net income totaled $6,672,989. which after similar charges, was equivalent to $3.73 a share on the 1.467.950 shares of common stock ‘ben outstanding. During the year an additional 230,561 shares of common stock were issued. The Cooper-Bessemer Corporation reports gross sales for the month of April of $1,376,382, as compared with $637,692 for the same month in 1929. or an increase of more than 106 per cent. For the first 4 months of 1930, gross sales amounted to $2,956,523, an increase of 27 per cent or $638,038 over the total of $2,318,485 for the same period in the preceding year. DETROIT. Mav 15.—The Detroit Stock Exchange Wednesday admitted to listing 100.000 shares of no par common stock of the Backstay Welt Company, of Union City. Ind. Os these shares. 80,673 now are outstanding.

f JF.WILD INj|SI'M!NT CO ; j “Leaders of Industry” j } Shares A Fixed Trust 129 E. Market Lincoln 6884 j

[ Robert K. Tomlinson I INVESTMENTS j [ 824-25 Continental Bank Bldg. | I Indianapolis Lin. 9618 |

JamesT. Hamill & Company BROKERS Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bldg. Tel. Riley 5493—Riley 6494

R.FLGIBSON&CO. Members atm TOKK. C Metco sad Cmdmmß Stock Exchentes 320 Circle Tower Indianapolis Td. Lincoln 2341 61 Broadway NEW YORK 30? Dixie Terminal Bldg. Ctaciamart *

ratio of (4 principal amount of debentures for each common share held. Rights expire June 16. Elsler Electric Corporation declared dividend of 37% cents on common, pavable June 14. record Mav 28. On Jan. 23 Initial dividend of 37% cents was declared. Bank of England statement for week ended May 15 shows circulation 856.154.OCO pounds against 358.490.000 May 8. Ratio 56 per cent against 54.6 per cent and bullion 163,347,000 against 164,502.000 pounds. Consolidated profit of Fairchild Aviation Corporation, manufacturing division of the Aviation Crporatin. was $119,963 after expenses and ordinary charges. Directors decided all intangibles should be written of the books and only actual underlying assets be shown. As result net loss for the year was $2,094,478 after inventory adjustment and deductions for engineering development, good will write off. minority interests, etc. Sales for 1929 were *3.494,356 against $2,656,560 in 1928. Central & Southwest Utilities March quarter profit was $1,603,027 after interest and other deductions, but before depreciation. against $1,588,875 In March. 1929. quarter. Twelve months. $6,982,544. against *6.491,738. National Biscuit acquired Pacific Coast Biscuit for 140.000 common shares and Bishop Sc Cos. for 70,000 common shares. American Public Service Company for twelve months ended March 31. 1930. reports profit of $2,137,858 after taxes and charges, but before depreciation, against $2,018,944 In previous twelve months. profit was $401,868, against Rutland railroad in March quarter earned 6 cents on 7 per cent preferred. ?S?i nst 55 cents on preferred in Ma’-ch. 1929, quarter. Time for deposit of Wilcox-Rich B stock under merger with Eaton Axle and Spring extended until May 22. Columbian Carbon Company and subsidiaries first quarter earnings was $1.62 a share on 498.505 shares, against $2.32 a share on 457,344 shares In like 1929 quarter. Standard Oil Company of New Jersey and affiliated companies 1929 earnings were $4.75 a share on 25.418.968 common shares, against $4.43 a share on 24,484,219 shares In 1928.

New York Bank Stocks

—May 14— , Bid. Ask. Chase National 159% 160% Equitable 126% 127% City National 200 201 Guaranty 750 754 America 129 131 Bank of United States ... 64% 65% Chemical 75% 76 Centlnental .. 38 38% Empire 90 92 Interstate 50 51% Manhattan Sc Cos 134 135 V* New York Trust 388 291 Bankers 165V* 166 Chatman Phebix National.. 134% 136 Corn Exchange 213 217 Public .. .. 150 152 First National 5.925 6,000 Manufacturers 138 139% Commercial 520 530 Irving 60% 61% Central Hanover 393 396 Brooklyn Forest 825 850

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Thursday, May 15. $4,202,000; debits. $6,940,000. CHICAGO STATEMENT Bu United Press CHICAGO. May 15.—Bank clearings, $95,300,000; balances. $12,700,000. NEW YORK STATEMENT Bu United Press NEW YORK, May 15.—Bank clearings. $1,152,000,000; clearing house balance, $171,000,000: federal reserve bank credit balance. $161,000,000. TREASURY STATEMENT Bu United Press WASHINGTON. May 15.—Treasury net balance on May 13 was $90,099,400.71. Customs receipts for the month to that date totaled $20,905,944.07. Government expenditures on May 13 were $8.470,880.33.

Indianapolis Traction and Terminal Company First Mortgage Thirty-Year 5% Gold Bonds Indianapolis, Indiana Dated: January 1, 1903 Due January 1, 1933 On April 18, 1930, the Marion Circuit Court, of the State of Indiana, at Indianapolis, Indiana, appointed George C. Forrey, Jr., receiver for the property of Indianapolis Street Railway Company, a corporation of Marion County, Indiana, which said corporation now owns the property covered by the mortgage which secures the bonds above described. The undersigned committee has been organized to protect the interest of the holders of the above described bonds pursuant to a Deposit Agreement, dated May 1, 1930, under which the Fletcher American National Bank of Indianapolis, Indiana, and The Pennsylvania Company for Insurances on Lives and Granting Annuities, Philadelphia, Pennsylvania, have been appointed Depositaries. In view of the fact that the Receiver for said Indianapolis Street Railway Company has taken possession of the property covered by the mortgage which secures the above described bonds, all holders of such bonds are urged for their protection to deposit said bonds with either of the above mentioned Depositaries without further delay. Copies of the Deposit Agreement may be had on application at the office of either Depositary, or the Secretary of the Committee. Roy C. Shaneberger, COUNSEL: Chairman Jli,„ C. Ralston. ’’""S J/.Z”." C °' Indianapolis, Indiana George B. Elliott, Vice-Chairman cvcpyTipy. Fre*- Breed, Elliott & Harrison, MiLKHiiKi. Indianapolis, Indiana Thomas S. Hood, Arthur V. Morton, Viee-Pres. Pennsylvania 41 North Pennsylvania St. Company for Insurance on Lives p and Granting Annuities, Mr. U. OX, 1100, Philadelphia, Pennsylvania Indianapolis, Indiana COMMITTEE.

Citizens Street Railroad Company First Consolidated Mortgage Forty-Year 5% Gold Bonds Indianapolis, Indiana Dated: May 1, 1893 ae May 1, 1933 On April 18, 1930, the Marion Circuit Court of the State of Indiana, at Indianapolis, Indiana, appointed George C. Forrey, Jr., receiver for the property of Indianapolis Street Railway Company, a corporation of Marion County, Indiana, which said corporation now ov.ns the property covered by the mortgage which secures the bonds above described. The undersigned committee has been organized to protect the interest of the holders of the above described bonds pursuant to a Deposit Agreement, dated May 1, 1930, under which Security Trust Company, Indianapolis, Indiana and Fidelity-Philadelphia Trust Company, Philadelphia, Pennsylvania, have been appointed Depositaries. In view of the fact that the Receiver for said Indianapolis Street Railway Company has taken possession of the property covered by the mortgage which secures the above described bonds, all holders of such bonds are urged for their protection to deposit said bonds with either of tne above mentioned Depositaries without further delay. Copies of the Deposit Agreement may be had on application at the office of either Depositary, or the Secretary of the Committee. COUNSEL: Irving W. Lemaux. Chairman, Smith. Remster. Hornbrook Prtv Security Trust Cos„ and Smith Indianapolis, Indiana Julian J. Kiser, Indianapolis, Indiana Vice-Chairman Vice-Pres. Meyer-Kiser^Bank, SECRETARY: Indianapolis, Indiana. A. J. Wichmann, J. C. Neil, Vice-Pres. Fidelity- _ . Philadelphia Trust Company, 128 East Washington Street Philadelphia, Pennsylvania. Indianapolis, Indiana COMMITTEE.

.MAY 15,1930

STUDENTS RAP PRESIDENT’S KIN FOR WARSTAND Brother Made Target of Editorial Resenting Militarism. Bu United Press PALO ALTO, Cal., May 15.—The Stanford University Daily, student publication, today was to print today an editorial attacking as “militaristic” a treatise for guidance of students in the school of engineering of which Theodore J. Hoover, brother of the President, is dean. The editorial was written after an evening of uncertainty and a twohour conference between student journalists, press association representatives and Hoover. Quotations from the treatise which was written by the President’s brother and caused so much controversy are: “The human race develops by war and succeeds in war in proportion to its use of metal; races perish in peace. “Culture is increased by invention of new weapons. “Pacifists err in asstiming peace is desirable. “Emerson says everything we have must be paid for. We Americans are Jiving in unpaid luxury and must pay in full by blood and hard work.” Hoover, who recently returned here from a visit with his brother at the White House, climaxed the meeting with a statement for publication which read: “The document quoted is a condensation of a twenty-five-page lecture and necessarily lacks the clarity of the lecture. The words are true, although the thought expressed therein is in fact somewhat depressing and saddening. I believe in all efforts directed toward perpetual peace. At the same time I have fear that they (the efforts) all will prove ineffectual. “My objection to the editorial appearing in the Stanford Daily is not to being quoted, but to a flagrant violation of a long-established academic privilege—the inviolability of the classroom in all that that implies.” The editorial had been written by Robert D. Speers, senior and editor of the Stanford Daily, before the conference with Hoover. Before the meeting Hoover heard of the editorial and sent a message to the offices of the Daily which said: “Protest his (Speers) commenting on my treatise without his consulting me.”

PURE LINSEED OIL $1.17 Per Gallon Marion Paint Cos. 366 S. Meridian St. HI ley 9165