Indianapolis Times, Volume 42, Number 5, Indianapolis, Marion County, 16 May 1930 — Page 25

MAY 16, 1030.

WHEAT MOVES UP AS EXPORT SALESMOUNT Strong Cables and Lack of Pressure Add Strength to Futures. Bu I'nit** Press CHICAGO, May 16. Wheat opened fractionally higher on the Board of Trade today on scattered selling and moderate buying. There was little pressure at the start. Liverpool was strong following the advance here Thursday and on the news that Germany had bought some Argentine wheat. Buenos Aires was weak, % cent lower. Corn and oats were up with wheat. At the opening wheat was % to a * cent higher. Provisions were steady. Liverpol opened stronger than expected and rose rapidly during the morning until it steadied around % to \~M cents up at mid-afternoon. Sentiment, while still bearish, is showing a decided tendency toward changing to a less extreme stand and pressure has been decreasing steadily. The lowness of prices is expected to attract export buying, and the statement by Chairman Legge that the stabilization corporation is arranging to enter the export field and handle exports direct was bullish, as this will do away with the burdensome hedging pressure usually experienced at new crop delivery time. The advance in corn has been meeting seme opposition from those

The Quarter-Century Jewelry Store 9 s Great Removal Sale Has Taken the Town by Storm — Thousands of Dollars Worth of Fine Jewelry Goes at 10% to SO °/o Discount! Hundreds of Gifts are here for your choosing, among them scores of f GIFTS FOR THE GRADUATE and the “JUNE BRIDE’’ At savings that will surprise and delight you! F 50% DISCOUNT! I I 20% DISCOUNT! I F 23% DISCOUNT! On All Costume Jewelry! || On Kntlre Stork of Diamonds! | Diamond s4|ft.7s price . jgraif trade on a ' JB||| |f OSBiS n design mountings. Bea .'fu 1 * diamond ■ ■ ■ k jffl pierced mounting. hflGaL 75c Down! \ j Solid Gold Removal Sale Feature! RARV Gorgeous 3-Stone Sn Jr l Iff/ Im Wedding Rings 29c J MwM $ Hf Hf - 45 H iJSSm monds mounted BBKh if|ra| Plain or beautifully MW engraved while lim- IT® __ ___ „ ited quantity lasts. POWMt Here’s an Ideal Graduation Ladies’ & Gents’ Gihat a Big Saving Wria Watche , ".sky light’’l I I’lnin or I I Metal Me*h Band I I Baked Enamel I morrow and save. ~ T-; h ; c ,• „irirrr only 45c downi Men s Elgin Strap Watch Complete With 10-Year Guaranteed R. & B. — A. 1. Metal Mesh Wrist Band Set JIPI fjSSSBBHHF Silverplate 11 JL $6-95 Exactly as pictured. Or in plain chromium -nives with French finish. Hera's the old deliable ‘Elgin.” Fine- HtllTtw rustless steel bladesly jeweled movements in an entirely new Vfc*T* Ucmplete service for cas“. Fullv guaranteed. ?.■ • -y six people. 45c DOWN! Jkflj 45c DOWN utT|> | After May 30th we will be located in our new home at 108 W. Washington St. I NU I L. In the Claypool Hotel building—Directly across the street from onr present location. | CREDIT JEWELERS—II3 W. Washington Street

who believe that the country movement will be resumed with the end |of planting. This is offset somewhat by the good cash demand from : the east which bulls believe will continue indefinitely. Cash interests are still absorbing nearby deliveries of oats and holding that grain urm despite the nervousness in the other pits. Chicago Grain Table -Mav 16WHEAT— Prev. High. Low. 12 00 close. Mar 1.04** 1.03 7 s 1.04 s * 1.031a i July 1.05', 1.04'a 1.05*4 1.03 7 * September . . I.oß', 1.07’* 1.08'4 106% i December .. 1.127s 1.12 1.127* I.llm | CORN—- ! Mav . .79’i .79*4 .79*4 .79 July SO% .80', .807* .7#;* September .. .81% .81'* •l s'* 5 '* ■§?,'" December ... .76’, .75'a .76% .75U ! OATS—- ! Mav 42'i .42', .42% .41% i.Tulv 41, .41 '4 .41'* .41% i September ... .40% -40 s . .*O% .*o;a i Deceitber ... .4374 .43’* .43 , .42'* i RYE— Ma r ~. ... .89 I July 63 7 i -S4" B .G3U Seotember .. .68*8 .67 7 -6B 5 * .C 7 a j LARD—- ■ Mav . . ~,, .... 10 25 .julv ........ .... io.o 10.30 Seotember 10.50 10.54 I By Time* Special CHICAGO. May 16.—Carlot*—Wheat, i 13; corn. 72; oats, 63. and barley, 2.

Banks and Exchange

INDIANAPOLIS STATEMENT Indiananolis bank clearings Friday, May 16. $4,654,000; debits. $12,347. CHICAGO STATEMENT Bu United Press CHICAGO. May 16—Bank clearings. $115,200,000; balances. $110,500,000. NEW YORK STATEMENT Bv United Press NEW YORK. May 16.—Bank clearings, SI 284,000.00); clearing house balance, $176,000,000 Federal Reserve bank credit balance. $176,000,000. TREASURY STATEMENT Bii United Press WASHINGTON. May 16.—Treasury net balance on May i4. was $86,408,847.07; customs receipts for the month to that date totaled $23,136,723.36: government expenditures on May 14. were $9.236.179.76.

UNITED STATES EXPORTS DOWN IN PAST MONTH Government Report Reveals $35,000,000 Drop for April, 1930. By United Press WASHINGTON, May 16 —United States exports in April aggregated a decline of $35,622,000 under March, the commerce department reported today. This represented a‘ ’favorable’’ balance of $26,000,000. The decline which department experts attributed to low cotton shipments and the steady drop in emmodity prices reached the lowest level since June, 1925. April exports were $91,261,000 under those of last April. Gold imports totaled $65,539,000 last month, while only $107,000 was exported.

Investment Trusts

Bid. Ask Am Founders (new) 2474 3574 Basic Industry Shares ,* jc* Corporate Trust Shares ...... 9*4 9 7 4 Diversified Trust Shares <A>... 26*/* ... Diversified Trust Shares (Bi. 21** 22% Diversified Trust Shares (C%. 9** 9% First Investment Coiporation.. .. “< Fixed Trust Shares IAI 22* ... Fixed Trust Shares 'Bi }9 ■■■ Investments Trust of N Y J 2 1- * Leaders of Industry “2* No Am Trust Bharcs 9/* 10 4 Power & Light Sec Trust 6S 6? Standard Oil Trust Shares.... 10 12 S W Straus Inv Units 52 58 Selected Amer Shares 8H 8 * Trustee Std Oil Sh B ... 10-. 11 i U S Elec & Pow Shares A... 4274 44Y* n Eire At Powpt Shares <Bl 13 13 1 *

THE INDIANAPOLIS TIMES

Business — and — Finance

By T ! nited Prtss WASHINGTON, May -16.—Loans on stocks and bonds to brokers and dealers by reporting federal reserve member banks in New York City decreased 67,000,000 during the week ended May 14, to a total of $4,007,000,000, as compared with $4,074,000,000, the total on May 7, and with $5,565,000,000 on May 15, 1929, DETROIT. May 16. —Net factory sales In unit* of Silent Automatic Corporation for the first four months of 1930 were 12 per cent ahead of the same period of 1929. according to Walter F. Tant. president. During this same period sales in dollars increased 20 per cent over the 1929 period. Sales for the period totaled $445,112 in 1930 against $371,924 in the initial four months of 1929. These figures only include factory sales and do not include retail sales of Its subsidiaries. CHICAGO, May 16.—Centra! Gas and Electric Company declared the regular quarterly dividends of sl.62 \‘z a shareon the 36.50 dividend series preferred stock, payable June 1, to stock of record May 16. and $1.75 a share quarterly on the second preferred stock, payable July 1 to stock of record June 16. Central Gas and Electric Company is a subsidiary/of the Central Public Service Corporation. CHICAGO. Mav 16.—Duouesne Gas Corporation common stock was admitted to trading on the New York Curb Exchange and the Chicago Curb Exchange. Wilt. Clarke & Cos.. Chicago. Toledo and Columbus securities organization, together with de Fremery & Cos.. Pacific coast group, are offering a block of this stock which had previously been privately owned. This represents no new financing by the company, CHICAGO. May 16.—Muskegon Motor Specialties Company bas received an order from a large manufacturer of passenger cars calling for immediate release of 300 cam shafts a day with an increase to 500 shafts a day beginning June 1. according to Fred L. Flanders, chairman of the board. Because of completion of the company’s new plant at Muskegon, production of this order can be inaugurated immediately^ Following the completion of Grounds Well No. 2. flowing at a rate of more than 14,000 barrels daily, the Amerada Corporation and the Dixie Oil Company have completed Grounds No. 1 well in the South Earlsboro field of Oklahoma, which is also producing at .-an estimated initial rate of 14.000 barrels daily.

Dow-Jones Summary

At the annual meeting of stockholders of the Marmon Motor Car Company held Thursday all officers and directors of the company were re-elected. No statements were issued. Newton Steel Company has filed amendment to Its articles of incorporation increasing number of shares on no-par common to 500,000. from 800,000. Charles C. Keedy, an attorney of Wilmington, representing Celotex Company, stated he was notified by A. J. Stocklv. attorney for David Alder, that he will go before chancery court today and ask that Adler’* petit'on for appointment of a receiver pendente llte for Celotex Company be dismissed. Stockly was reported out of town, but an associate said that application for dismissal of petition will be made. Colorado & Southern directors reelected. Gamewell Company acquired business of Rockwood Sprinkler Company ol Massachusetts. Production of Crude Oil in Darst Creek field Texas reduced 1.534 barrels daily to 22,295 barrels by mutual agreement oi operators effective immediately and to continue until June 1. Federal Reserve bank condition statement May 14 ahowa decrease for week of $27,000,000 in holdings of discounted bills and $4,200,000 in bills bought in open market. Member bank reserve deposits increased $29,900,000 and cash reserves $6,100,000 while government deposits declined $21,000,000 and Federal Reserve note circulation $28,100,000 total. Bills and securities were $31,100,000 below previous week. Armstrong Cork directors approve offering to stockholders of $15,000,000 ten-year convertible bonds. Proceeds to be used for payment of bank loans and for completion of expansion. New York Transit Company declared regular quarterly dividend of 40 cents a share on $lO par value capital stock payable Julv 15. record June 20. In two preceding quarters company paid an extra dividend of 10 cents. Anaconda Wire and Cable in quarter ended March 31, 1930, earned 11 cents a share. United Corporation has offered to acquire approximately 25 per cent of outstanding common of Columbia Gas and Electric on basis of 1-3 of a share of United $3 preference and 1% shares of United common for each share Columbia Gas ex-speclal dividend In voting trust certificate* representing common of Columbia Oil and Gasoline Corporation. Exchange offer expires June 10.

Marine Midland Corporation declared regular quarterly dividend of 30 cents payable June 30. record June 2. Frederick Beers president, Natiisal Biscuit Company; James G. Blaine, president Fidelity Trust Company, and David G. Wakeman, vice-president Crum & Forester, were elected director*. I.laine also was elected a rice-president. Securities Corporation general stockholders approve 10-for-l common split-up and division of 50.000 issuable first $7 preferred into two securities, $6 and $7 and to exchange new $7 for old first preferred on share-for-share basis. Authorized common increased to 5,000,000 shares from 1,000,000. Eaton Axle and Spring and Wilcox-Rich merger assured with 210.333 Class B shares of Wilcox-Rich deposited under consolidation plan. Deposit date extended to May 22 from May 10. Hackensack Water Company first quarter earnings were 70 cents a share on combined 95,125 shares of 7 per cent participating preferred and 205,000 common shares, against 22 cents a share on 205.000 common shares after preferred dividend in Ike 1929 period. Engineers Public Service Company declared quarterly dividend of 60 cents placing stock oh $2.40 annual cash basis against $1 in cash and 1-25 of a share previously paid. LONDON —New York cables opened at $4.86 against $4.85 31-32. Faris cheeks 123.84, Amsterdam 12.087, Italy 92.685, Berlin 20.265. Vulcan Detinning Company quarter ended March 31 net profit $110,445 after depreciation, taxes, etc., against $164,563 in first quarter 1929.

New York Bank Stocks

—May 15Bid. Ask. Chase National 162 163 Eoultable 129 130 City National 203 203 5 / Guaranty 764 766 America 134 135 Bank of United States 66' 4 67 Chemical t 771 78'£ Continental 381* Empire 90 92 Interstate 51>i 53ti Manhattan & Cos 135 136‘j Bankers Chatman Phoenix National 139 140 Corn Exchange 216 217 Public 149 1 50'/i First National 9.925 6.^25 Manufacturers 136 137 Commercial . 523 530 Irving 61 'i 62 Central Hanover 395 397 RAW SUGAR PRICES High. Low. Close. January .... 1.67 1.64 1.66 March 1.73 1.69 1.72 May 1.80 1.75 1.79 July 1.47 1.*3 1.45 September 1.56 1.51 1.51 December 1.65 1.60 1.63 NEW YORK COrFEE RANGE High. Low. Close. March 7.94 7.91 7.91 May 8.65 8.58 8.58 Julv 8.50 8.50 8.50 September 8.81 8.28 8.J3 December ... 800

SWINE MARKET CONTINUES OFF AT GITYYARDS Stronger Trend Apparent in Cattle Trade; Vealers Hold Steady. May. Buik. Top. Receipfs. 9. $10.50 $10.50 6.000 10. 10.254710.35 10,40 2.500 12. 10.25*10.35 10.35 5.000 13. 10.25fft10.35 10.40 7.000 14. 10 35 10.40 6.500 15. 10.35 10. 5 7.000 16. 10.00<a 10.20 10.25 6.500 Hogs continued their lower trend in trade at the Union stockyards today, prices for the bulk, 140 to 300 pounds, ranging from $lO to $lO 20. Top price paid was $10.25. Receipts were estimated art 6,500, holdovers were 758. s Slaughter classes- were strong to higher m the cattle market. Receipts were 500. In the veal class good and choice kinds brought sll to $11.50. Calf receipts were 800. Sheep receipts were 300, a steady tone prevailing. Spring lambs were selling at sl3 down. Chicago hog receipts were 18,000, including 6,000 direct. Holdovers w*ere 5,000. Today’s market slow and about steady with Thursday’s average. Choice 160 to 210 pound weights brought $10.15 to $10.25. Cattle receipts were 1,500, sheep 7,000. —Hogs— Receipts. 6.500; market, lower. Heavies. 300 lbs. up $ 9.50# 9.85 250-300 lbs 9.854/10.10 Med. Wte.. 225-250 lbs 10.10'./10.25 200-225 lbs 10.20',/ t 0.22 Light, wts.. 160-700 lbs Light lights. 130-160 lbs 9.75#10.00 90-130 lbs 8.75# 9.50 Packing sows 8.20® 9.25 -CattleReceipts. 500; market, steady. Beef steers. 1,100-1.500 lbs., good and choice $10.75# 13.25 Common and medium B.oo@lo 75 Beef st-ers. 1.100 lbs. down. good and choice 10.50®13.0n Common and medium [email protected] Heifers. 850 lbs. down, good and choice 10.00/ST 11.50 Common and medium fi -925? 1 2-25 Cows, good and choice 7.50# 9.00 Common and medium 5.75# 7.50 lower cutter and cutters 4.00®> 5.75 Stocl-er and feeder steers, good and choice 9.00#11.00 Common and medium 7.00® 9.00 —Vealers— Receiots. 800; market, steady. Medium and choice $ B.so#ll.Ro Cull and common s.oo<fi 8.50 —Sheep— Receipts. 300; market, steady. (Shorn basis) Lambs, good and choice $ 9.00#10.00 Common and medium 7.50# 9/0 Soring lambs Ewes, medium to choice 4.00# 5.0” Cull and common 2.00® 4.00

Other Livestock Bn T'iiited Press CHICAGO. Mav 16.—Hogs—Receiots. 18 - COO incU'ding/6.000 direct: opened slow rnd about steady, later trade active and steady to strong, spots s#loc higher on ".eighty butchers; top. $10.30. paid for 170-220-lh. weights; butchers, medium to choice 250-350 lbs.. $9 [email protected]; 200-250 'bs. $9.75#10.30: - 160-200 lb*.. $9.75# 10 30; 130-160 lb.*.. $9.5045)10.25: pecking sows. $9#9.65: pigs, medium to choice. 80-130 lbs.. s9#lo. Cattle—Receipts. 1.500; calves. 1.000; slow; generally steady: ro rho’oe steers he*?, bulk s9#lo: she-stock closing week fullv steadv with week a.go: most fat cow* s7.2sffiß 25. with best kinds around $9#9.25; slaughter classes, steers, vond and choice. 1.300-1 500 lbs.. $11.78# 14.25: 1 100-1 300 lbs.. $11.50@14: 950-I.ICO '*'*., $11.25#13.75: common and medium. 850 lbs. up. $7.506711.80; fed yearlings, "•ood and choice. 750-950 lb*.. $11#13.60; heifer*, good and choice. 850 lbs. down, "[email protected]; common and medium. s7# 9.73; cows, good apd chol'm. $7.25#9.75: "ornmon and medium. [email protected] - low cutter and cutter cows. 54.25#5.75: bulls, good and choice, beef. $7.25679; cutter to medium. $6.60W7.65: vea'ers. milk fed. •mod apd choice. $10.50#13; medium, $8.50 #10.50: cull and common, $6#3.50; rtochers and feeders, steers, good and choice, all weights. $9.75#11; common and medium. Sheep—Receipts. 7.000; mprket "teadv; good to choice. 87 and 88-lb. shorn iambs, $9.25#9.50- plainer kinds. $9 down; ho 7 n ewes steadv around $5; spring lambs absent: slaughter rlas*es. spring i-mbs, good and choice, $10.356711.50; mef'ivm. $9.25#10.25; cull and common, $8.25 e. 25: lambs, goon and choice. 92 lbs. down. 58.756i9.75: medii-m. $8,256/8.85: cull end rommqn. $7. c 0#8.25: medium to choice. 92-100 lbs. down. $7.75679 50; ewes, medium good to choice. 150 lb*, down, $465} 5.75; cull and common. $2654.25. Bu United Press FT. WAYNE. Ind., May 16.—Cattle Rece’pts. 100: calves. 100: hogs. 500; sheeD. 50: hog market steady to 15c off: 90-110 lbs.. $9.20: 110-130 lbs.. $9.45: 130-150 lbs.. $9.65- 150-160 lb.*.. *9.75'. 160-180 Its., $10: 189-200 lbs.. $10.10; 200-225 lbs.. $10: 225250 lb*.. $9.90: 250-300 lbs.. $8.95: 300-350 lbs.. $9.65: roughs, $8.50; stags, $8; calves, $10.50; clipped lambs. $8: wooled lambs. $9. By United Press EAST ST. LOUIS. 111., Mav 16—Hogs— Receipts, 11.000: market steadv; bulk. 160240 lbs.. $JO.lO#l5: top. $10.20; sows. $967 9.10. Cattle—Receipts. 600: calves, receipts. 600; market steadv to strong; good and choice vealers. $11.50: lew steers. $10.40 down. Sheep—Receipts. 1.200: market. indications about steadv: odd lots clipped spring lambs to city butchers, sll @11.75.

Bn United Press CLEVELAND. May 16.— Hors —Receipts. 103: holdovers. 180; mostly steady, snots stronger, desirable 150-210 lbs., $10.50©! 10.60: 220-250 lbs.. $10.50 down; common or.alitv of above weight selections. $10.25® 10.15, respectively: 250-300 lbs.. $10.25 downward: pigs. $10: rough sows. 58.75: stags. $6.75. Cattle—Receipts. 175; draggy; few common steers. $9.50. and- scattered lov/ cutter to medium cows around s4®7: about steady. Calves—Receipts. 250; mostly steady: generally plainer Quality considered: bulk vealers. sl2 downward: only odd head good enough to make $12.50 or above: medium kinds, $9.50® 11.50: few culls under SB. Sheep—Receipts. 400; lambs steady to easier: bulk good to choice, $9.75, downward to $9; sheep steady. B.’i Times Special LOUISVILLE. May 16.—Hogs—Receipts, 800; market, steady; 300 lbs. up, 58.55; 225-300 lbs., $9.60; 165-225 .lbs., $10.20; 130-165 lbs., $9.40; 130 lbs. down. $7.40; roughs, $6.85; stags, $6.25. Cattle—Receipts, 100: market, steady: prime heavy steers. $10.50011.50; heavy shipping steers, $9.50® 10/50; medium and plain steers, $8,505/9.50; fat heifers, $7,505/ 11; good to choice cows. $8,255/8; medium to good cows, $5,255/6.25; cutters. $4,755/5.25; canners. $3,505/4.50; bulls. $8®:8: feeders. SBS/: 10.75- stockers, $7.505511: calf, receipts, 200; market, 50c higher: tops. $9.50; good to choice, $7.50®9.?0; medium to good, s6® 7.50: outs, $5.50 down. Sheep—Receipts, 600; market lambs, 25c lower: sheep steady: ewes and wether lambs, $11; buck lambs. $10; seconds and fed lambs. $75/8; clipped sheep, $4515. Thursday’s shipments—Cattle, none; calves, 25; hogs, 303; sheep, 1,370. Bu United Press PITTSBURGH. May 16. Hogs Receipts. 3,000; market, weak to 10c lower; 160-200 lbs.. $10.605(510.75: 220-250 lbs., $10,405/ 10.55: 260-320 lbs.. $10010.35; 100140 lbs.. $105110.25; sows, $8.5008.75. Cattle—Receipts, 25; market, steady; few cutter grade cows, $55/6.25; calves, receipts. 250; market, strong; 50c higher: top vealers, $12.50. Sheep—Receipts. 850; market, steady. 25c lower; clipped lambs showing decline: bulk. $8,505/9.25: few, $9.50; choice soring lambs quoted sl3; aged wethers, $505.50. Bn United Press CINCINNATI 0.. May 16—Hogs—Receipts. 3.550 including 750 direct, held over 240; generally steady, opening fairly active: closing trade dull, with easier feeling, ton $10.50: bulk desirable 170 to 230 pounds. $10,405/10.50: 240 to 260 lbs. averages. $10.255510.40: 260 to 300 lbs.. $lO5/ 10.35; light lights mostly $10: 90 to 110 lb. pigs, 58.50W9.50; most sows. $8.75: few best. *9. Cattle—Receipt-.. 200. Calves—Receipts. 350: slow, generally steady, odd lots of good light weight heifers up to $11.25: scattered sales of steers and heifers. $9.50 5/10.75: bulk beef cows. $6.50®7.50: few $8548.25: cutter grades largely $4.7506.25; bulls, s7® 8.25: top vealers. $11.50; bulk good and choice. $10.50® 11.50; medium mostly S9OIO. Sheep—Receipts. 450: generally steady; bulk good and choice springers. $10,50®11.50: medium. [email protected]: cull and common. $8 and down: sheep weak; few choice mutton ewes $5: bulk better gradc3. 54®'4.50. Marriage Licenses Robert Bradv. 54. of 1626 Sheldon, laborer. and Beatrice Boman. 29. of 1626 Sheldon. Robert V. Fortune. 30. of 1013 North Pennsylvania, s’le-msn. and Lou E. Johnson. 27. of 1013 North Pennsylvania, stenographer Clyde E. Bundy. 28. of Terre Haute, sa'esman. and Dogne G. Shadier. 20. of 1130 Udell. Webster W. Breelove. 73. of Glens Valley. fanner, and Della Galyean. 73. of 1138 East St. Clair. Harry V. Leonard. 23. of 1821 Koehne. salesman, and E. Louise De Mart. 23. of 1821 Koehne. clerk. Amos E. Ha 11. 81. of 909 Chadwick, machinist. and Lydia li. Shaver. 48, of 2409 Central, cidrk.

New York Stocks 1 '■ /By Thomson & McKinnon)

-Mar 16- prev Railroad*— High. Low. 11:30. Close Atchison 225 * Atl Coast Line }??,. Balt & Ohio “J • Chesa Corp .. ... . •" Chi Grt West.... 15** 15 15'. 15 Chi N We.l CRI&P 114 r Del L & W 128 128 Del & Hudson ..174 , 4 173 174 111 Erie 4/ 2 Erie Ist pfd Great Northern ••• Illinois Central 128*. 128 Kan City So ~ ••• MK & T 53*• 3t>‘ 56* 56: Mo Pacific pfd }2l** N Y Central ....174'* 174 174 1/3J* NY NH & H ...116 llo*. 116 115 . Nor Pacific .... 83 82 3 82*, 837* Norfolk & West 240 Pennsylvania .. 78! 78 /8 Reading 417 Seaboard Air L.. 9'* ,® • So Pacific ••• J‘2 Southern Ry , “f St Paul pfd 35’,* 3a,a St L & S F * . IID Union Pacific !' '226 22U, 226* 225‘/a Wabash 52 51’. 51’* a2 W Maryland ... 32>. 31>< 31’. 30’* West Pacific ... 26’. 25 7 * 2a: 2aU Equipment*— Am Car & Fdy ••• “5, Am Locomotive. 67 66 * 6t>' 61*8 Am Air Brake 546 451* 46 46 Gen Am Tank 106’* 10o’ General Elec .. 83’* 82'* 82, 83',* Gen Rv Signal.. 94 93'a 93'a 94 Lima Loctf 36 Press Stl Car > Pullman 78 7i Westing® Air B 44 43 a Wastingh Elec ..178'* l/o- 176 177^* Rubbers— Firestone 33*2 Fisk 4 3.4 Goodrich 40'* 41 Goodyear ... 84 83 Kelly Sprgfld ~ 47i 4’* 4‘a 4 a U S Rubber 28'* 28'* Motors— Auburn .170 163 166 164 Chrysler 34’,* 34 34 34 Gardner Graham Paige .. .. .... 9 9 a General Motors.. 48’* 4,'a 4/ 5 * 47',a Hudson 44 47'a 43'a 44 . Marmon 4 Packard 17 7 * 177a 17*,a 177 a Reo U7a 11*. U 77 4 Studebaker . ■■■ •••, 3”,, Yellow Truck... 277-* 27 27 * -< s Motor Access — Bendix Aviation 40'a 40’* 40’* 40 a Borg Warner... .. ... 38* ;*,, Bribes 217a 20’* 20’* 2< b Eaton 287a 28'. 287a 29 El Storage B ‘* 3 , Hayes Body • ■ 71 10m Houda 221’* 20’* 21 217. Sparks-w 28 25'a 25 • 26 Rtev-art Warner.. .. ... 28 Timkln Roll 757* 75 75 ‘9 *

Mining— Am Metals 5x 3 , Am SmelK 69 3 Am Zinc, .. ••• *)*, 2 -ni' Anaconda Cop... 61 60 * CO * 69 2 Cal & Herla 20 - Cal & Ariz 6’ ... Cerro de Pasco. .. &a,e Freeport Texas.. 49 487 b 48 * 49 Granby Corp Great Nor Ore 21,2 21 * Int Nickel .... 33 32 * 32,* 33 inspiration ... fJ Kennecott Cop.. 47 7 46’* 4b * 47 M?a S mi a Copper".'. 22* 22 22’i 21 li Texas °Gul 'sill! i 60\ 60 60 60 U S Smelt 28,* ... Oi's — ,= Amerada Sit Amer Republic Atl Refining ... ■•*., *r 5 8 FiSuston*.iog: i|lvp i If* Indian' 'Refining 19 U 197* 197* 195s Mex Seaboard.. 28 27:* 27 * Mid Conti ... ’8 Pan-Amer (Bi. 6G2 64U 64 2 63, Phillips 39-r 38 7 * 39 /* 38 s Pure Oil ijj,, Richfield {iff iiff Roval Dutch 53’* 5 U 7* o3 ,* 03,a Shell Un ■■ •••,, 22 - Sinclair 28’* * 27 A 48/* Standard of Cal .. ,V. 7/ Standard ol N.l ,9’* 78 * • Standard of N Y 36’ 36 b /.* 38 Texas Cos 57'.2 5/’. -. 2 57 Union Oil 40/8 Am*ltofi - Mills... 74’i 747i 74’* 73% Bethlehem 96U 967a 96 * 98,a Byers AM 9o’b 94 94 9-< Colo Fuel 62 GO',2 61 60,* Ludlum 32'2 31 b 3 -,a 32 Midland Newton ’9 * 42 /4 Repub I& S „ , 54’,a 54v U S Steel 172% 171% 172 a 111/* Vanadium Hi/ 2 Youngst S & W 3® 2 Tobaccos — Am Sumatra ... ■■■ ‘S'ff Am Tob (Bl ...25672 2537a 2ab7a 25*% LdriUara 257* 24 7 j -j * 24, 8 Phil Morris •• ••• *3 Reynolds Tob... 53 5*% 53 53/* Tob Pr 8... 4 4 United Cig 6',2 67* 6',2 6 Utilities — Adams exp siy. ’si ■ si 2 ?wr P & r Li::.lßeii 106'* 1067+ iff AT&T ...247 246’t 246*/2 247 Col Gas & E 1.... 86% 85% 86 85% Com & Sou 17% 1774 17% 17^2 El Pwr &Li 907* 887+ 89 89 * Gen Gas A .. J 4 / 8 Inti T TiY,... 64% 64'i 64% 63>2 Natl Pwr & Li.. 48% 47% 47% 47 No Amer Cos 119% ll 9!," 1 ?n Pac Gas &El 70% 69% 69 + 70 Pub SCer N J ..117% 116% 116% 117 • So Cal Edison. 66% 86% 66% 68% Std ® & El 117% 116% 117 * 216% United Com 47% 47 .2 43 Ut Pwr & Y A... 41 40 * 40 * 41 ff West Union 1/0.2 Shipping— ~ ~,, Am Inti Com ... 42% 427 b 42% 437a United Fruit 92% 92 92 92 * Foods— -. Am Sug if Armour A -iff Cal Pkg . ••• li,- 52.',J % -n *| . . Cont Baking A ... % 29% Corn Prod 10j7* 104-b 100 * 1® Cuda.hv Pkg , •••„ *4% 44% Gen Foods .... 587* 58% 58/2 58 a Hersev ■ . 102% J<-wel Tea 60 58v4 60 ... Kroger 34% 34 a Nat Biscuit 85% 80% Slfwav St 92% 92 Std Brands .... 22% 22’i 22% 22% Ward Bkg 1074 10% 107 a 10;* Drugs— Coy Inc 27’s 277* 27% ... Lambert Cos 99 4 Am Radiator ... 32',2 32% 32Va 32 2 Bush Term , •••,, 40 * Certainteed .... #'+ 8% 9'* 9,s Gen Asphalt 57’* 57% 07% 57 Otis Elev 74% 74% 74-s (5% Indus Chems— _ , ... Allied Chem ...313 311 311% 314 Com Colv 31% 31% 31% 31 2 Union Carb 86 85 85% 867* U S Ind Alco 93% 93 Retail Stores— Assoc Drv Gds.. 45% 45 45% 45 Glmbel Bros ... 18% 18% 187* IRKresge S S 31 31% Mav D Store... 54*4 54 54 20% Mont Ward 44*/* 437* ** Jl'i Penny JO 687* 68 Schulte Ret S 9 S-ars Roe 83% 83 Woolworth 62’* 62 Amusements — Bruns Ba)ke. v ... 20% 20% 20% 21 Col Graphs 28’a 27% °i 7 28% Eastman Kod ...24"’* 2*6% 247 2*6 Fox Film A 52 51 % '52 52 M rn .:::; •% •; U "er-m Fam 69’* 63% 68’* 69 Radio Com 50 49 50 49% R-K-O 45% 44% 4 a 4o'a

On Commission Row

FRUITS Apples—Basket: Baldwin. s2@2 0$: Stayman. $2543: Winesaps. $3.25: Northern flo-e $2.25: Ben Davis. $2.25. Boxes: Delicious. $45*4.50: Stajrman. $35*3.25: Winesaps. $2.75553.25. 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 7a: imported. Messina. $5®5.50. Limes—Florida. $2.5003 a 100: Dominican. $3.50. _ Oranges—Florida. s6® 8.50: California, naval. $509 a crate: Valencia. $6.25 0 8 a crate. Pineanoles —Cuban. $4.25 a crate. Strawberries —Alabama. 24-ouart crate. ss® 5.50. Pears—Avocado. California. $7 a dozen: D’Aniou. $4.75®5 a box. VEGETABLES Artichokes —California. $i.25 a dozen Asparagus—California and Georgia. 45c a bunch: $3.5004 a case. Beans—Texas strineless. $3.25 a hamLouisiana. new. $2.50 a crate! Indiana. $2 a bushel. Cabbage—Texas, new. 6V 2 ©7c a pound. Carrots—California. $3 a crate: Texas $2.75: Indiana. $1 a bushel Cauliflower—Western. $1.7502.25 a crate Celery—Florid*, $4.75*/.5 a crate. Cucumbers—Hothouse. $1.65 a dozen. Eggplant—Southern. $1.2502 a dozen Kale—Eastern. $1.25 a bushel. Lettuce—California Iceberg. $4.50®5 a crate: hothouse. $l5O a fifteen-pound Onions—Colorado Spanish. $1.75 a crate: Indiana vellow. $1.25 a sixty-pound bag: white. $2 a bag; green, home-grown 45c dozen: new Texas yeUow Bermuda $2 40 a crate. . . 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. 8506 a crate: Mexican. 10-pound box. 82. Turnips—lndiana 13: new $4. Potatoes— Michigan round whites. $5 > a.25 a 160-pound bag: Colorado Russets. 84.50 a 100-pound bar: Red River Early Ohios. *4#4.25 a 120-pound, bag: new Florida Cobbler. 83 a 50-pound hamper. Sweet Potatoes Tennessee, 13.35; Louisiana Golden Glow. 53J5.

Schubert 27% 28% 2S 7 27 Warner Bros 65% 64 65% 65'* Miscellaneous— Airway Add 28 23% Congoleum 16 15% 15% 15’* Am Can 145% 144% 1*4% 142% Cont Can 6b Curtiss Wr 11 10% 10% 10% Gillette SR .. ... 84% 84’* Real Silk 56% 51 V S Leather A 20% ...

Produce Markets

Eggs (country run'—Loss off delivered in Indianapolis, 17c; henery quality. No. 1 26c: No. 2. 15c. Poultry /ouvine oricesi—Hens, weighing 47a lbs. or over. 20c; under 47a lbs.. 20c; Leghorn hens, 17c; springers. 4 lbs or over 21c: under 47a lbs.. 21c; broilers. 1930 25c: old cocks. 12® 15c: ducks, full feathered, fat. whites. 12e: geese. 10c These prices are for No. 1 too oualitv ouoted bv Hsian * Cos. Butter /wholesale'—No. 1. 42043 c: No 2. 40® 41c. Butterfat—3sc. Cheese /wnoiaiaic selling price per ooundi American loal. 31c: pimento loaf 32c; Wisconsin firsts. 27c. Longhorns 34c New bone timberger. 36c. Bn United Press NEW YORK. Mcy 16.—Flour—Quiet and unchanged: spring patents. $5.75#6. Pork —Steady; mess. $32. Lard—Quiet; middle west spot. slo.7sffi 10.85. Tallow—Steady; special to extra. 5-%©Bc. Potatoes—Old dull, new firm: Ldng Island. $3.50m4.50; southern. 53.75/R8.25: Maine. $3.60® 4.60: Bermuda. s6®B. Sweet potatoes—Dull; southern crate. $2.75®3: Jersey basket. 35c #53.25. Dressed poultry—Barelv steady; turkeys. 25#43c: chickens. l7ffi:36c; capons, 304/45c; fowls. 14®30c: ducks. Long Island. 20c. Live poultry Steady to firm: geese. 12#14c: ducks. 14®23c; fowls, 23#26c; turkeys. 13(n30c; roosters. 15c; broilers. 20®45c. Cheese—Steady: state whole milk, fancy to special, 24# 26c; young Americas. 21#25e. By United Press CHICAGO. Mav 16.—Eggs Market steady; receipts. 30.918 case; extra firsts. 22@22%c: firsts. 20%c: ordinaries. 194/ 19%c; seconds, 18c. Butter —Market firm; receipts. 16.615 tubs; extras. 347*c; extra firsts. 31%®33c; firsts. 34%#357iC; seconds. 28®22'/2c; standards, 347+c. Poultry —Market steady; receipts. 1 car: fowls. 20c; springers, 25c; ducks, 16c; geese. 14c; turkeys. 20c; roosters. 13%c; broilers, 30 ff/38c. Cheese—Twins, 1872#19c; young Americas, 19%c. Potatoes—On track. 168: arrivals. 75: shipments. 898; market old and new. both steady: Wisconsin sacked round whites. $2.75®8: Minnesota sacked round whites. $2.60®2.80; Idaho s .eked russets. $3.80#3.75: Texas. Alabama and Louisiana sacked bliss triumphs. s3.63 <fi ; 3.85. Bu United Press CLEVELAND. May 16.—Butter--Extras, 397*c; extra firsts. 39'*c. Eggs—Extras 22c: firsts, 21c. Poultry—Fowls. 23# 24c; medium. 23#24c: Leghorn. 20®22c; heavy broilers. 38c; Leghorn broilers. 28# 32c; ducks, 20®24c; old cocks. 12014 c: geese, 10 #Tfc. Potatoes—Maine Green Mountain, $3.60®3.75 per 120 lb. sack; Idaho Russet. $3.85 per 100-lb. sack. Bn United Press CINCINNATI. 0.. Mav 16.—Butter, steady; creamery in tub lots according to score 34#35c; common score discounted 2#3c: pecking stock No. 1. 25c; No. 2, lCc: No. 3.12 c: butter fat, 324/35c. Eggs —Stead*-; cases included; fresh gathered 207;c: firsts. 20c; seconds, 17%c: nearby ungraded. 19%c. Live Poultry—Thin and coarse sells only at heavy discount; fowls 5 lbs. and over. 21c; 4 lbs. and over. 22c: 3 lbs. and over. 222 c: Leghorns. 3 lbs. and over 19c; roosters. 12c: broilers colored over 2 lbs. 39c; 1% lbs. and over, 35c: 1% lb", and over. 30c: Leghorn and Orpington broilers. 1% lbs. and over, 33c: 1% lbs. and over. 26c: broilers partly feathered 24# 26c; black springers. 24c.

In the Stock Market

/Bv Thomson Mcm'nncn/ NEW YORK, May 16.—Decreasing again substantially, brokers loan account further emphasizes the strength of our credit structure. If present may be any basis a sound financial situation such as now exists usually signals the advent of improving business. Daily the thought that industrial revival is definitely ahead is gaining recruits among bankers and business leaders. Comparing business with more normal activity we are not so far astray as it may seem. There are indeed factors not pleasing, but signs that correction is under way are not lacking. Quite reassuring is the statement from the department of justice that growing out of the suit against the radio compact there is to be initiated no campaign of “trust busting.” In fact many hope to see in a court decision on this situation a general legal clarification which will permit other major undertakings heretofore held in abeyance on account of the uncertainty felt with the expectancy of more favorable conditions generally. We continue to feel the course of the stock market is to be upward.

Indianapolis Stocks

—May 16Bid. Ask. Amer Central Life Ins Cos ...1,000 ... Belt R R & Yds Cos com 61 63% •Belt R R & S Yds Cos pfd.. 56 60 Bobbs-Merrill Cos . 30 33% Central Ind Pow Cos p1d.... 92 94% Circle Theater Cos com 105% ... Citizen* Gas 27 37 Citizens Gas pld 97 100 Commonwealth L Cos pf 7%... 97 102 Commonwealth L Cos pf 8%....100 Hook Drug Cos com new 24 26 Ind Hotel Cos Claypool com.. 125 ... Indiana Hotel Cos pref 101 100 Indiana Service Corp pref... 8/% ... Indianaoolis 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 Indlenppoli.* Water Cos nfd ... 10 11% •Interstate USCo pr 6 r i Lpf 89% 93 Interstate P S pr 7% 101 103% Metro Loan Cos 93% ... •Northern Ind P 5%% co nfd 91 % f1 4 % •Northern Ind Pub 6% co pfd. 99 102% “Northern Ind Pub 7% co pfd. 106 ... Prngre** Laundry Cos S Rauh & Sons Fer Cos pfd Real Silk Hosiery M Inc nfd.. 96 Shareholders Investors C 0.... 24% ... Standard Oil Cos of Ind 54 ... T H I & E old 10 •Terre Haute Trac L Cos pfd. 75 ... Union Title Cos common 43 48% Van Camp Prod Cos Ist pfd. .. 98 Van Cnmn Prod Cos 2nd pfd. .. 98 •Ex-Dividend. I —Bonds— Beit R R A- 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 55.. 40 41 Gary St Ry Ist 5s 65 Home T A T of Ft Wayne 65.101% ... Ind Northern Trac Cos 3 o Ind Rv & Light Cos 6s 97 Indiana Service Corpn 5s .... 88 Indols Power & Light Cos 55.. 9 Q % 100 Indiana Union Trac Cos 55.... 7 Indpls Cos! tz Cos Tree 6s 94 99 Indianaoolis Gas Cos 5s 99% ... Indpls & Mart Rapid 1 Cos 5s Indois No Trac Cos 5s 10 Indpls North Western Cos Indpls Street Rv 4s 31 -.2 IndD's Trac Ter Cos 5s 86 Indpls Union Ry 6s 4 Indpls Water Cos 5%s 102 103% Indpls Water Cos 5s 95 ... Indpls Water Cos lieu & ref... 92% 94% Indpls Water 4%s n#-}'/* ••• Indpls Water W Sec Cos 5s .. 8o Interstate Pub Serv Cos 4%5.. 91 ... k No Ind Pub Serv Cos 5s ...... 98% ... Interstate Pub Serv Cos 4%5.. 91% ... No Ind Pub Serv Cos 5s 101 ... No Ind Telegraph Cos 6s 97% 100 T H Ind Sc Ea3t Trac Cos 55.. 65 T H Trac Light Cos 5s .. ... Union Trac of Ind Cos 6s .... 17% ...

Local Wagon Wheat

Citv grain elevators ere paving 97c for No. 2 red wheat and 91c for No. 2 hard wheat. DOG CUJMS SUED Stark Moves to Halt Show Staged at Hotel. Court battle to halt staging of a dog show at Hotel Denison by the Boston Terrier Club of Indianapolis, Inc., was instigated today by Prosecutor Judson L. Stark with filing of a suit in superior court five. Asking a restraining order against holding the show, which opened today, and demanding forfeiture of the club’s franchise, the suit will be tried probably this afternoon by Judge Joseph M. Milner. Allegation are made by Stark that the club has failed to file with the county recorder a certificate of incorporation. Raymond A. Edie, director, and eight other officers of the club are named defendants.

PAGE 25

STOCKS MOVE NERVOUSLY IN DULLSESSION National Supply Breaks 11 Points in Concentrated - Bearish Drive.

Average Stock Prices

Average of thirty industrials for Thursday was 269.91. off 4 49. Average of twenty rails ws 143.69, off 92. Average of twenty utilities was 102.28. off 1 12. Average of forty bonds was 95.16. up .05. Bn United Press NEW YORK. May 16. Price movements were irregular in another dull session today on the New York Stock Exchange. Many gams were recorded at the opening, but selling appeared later and gains were reduced, several being supplanted with losses. Today's weak spot was National Supply Company of Delaware, which broke to anew low since 1927 at 101, off 11 points. This company, which depends on oil well drilling, earned more than sll per share in 1929, but in view of sharp curtailment of drilling it was believed earnings would be reduced. Coppers React When bears concentrated on National Supply and broke it down, selling developed in many other issues. Some of the leading industrials gave ground and special issues here and there were under pressure. Coppers reacted moderately in dull turnover. The majority of stocks, however, held small gains. Tickers were abreast of the market. Auburn Auto was still unsettled today. It reacted 170, up 4 points, but later reacted to 163, off 1. General Motors eased off from a strong opening. Packard held around the previous close of 17%. Electiic Auto-Lite was a bright spot in the motor equipments, rising 1%, to 91%. • Rumors of a split up in American Can were revived and the issue moved up 1% to 144 !4.

United Isrues Up Still reflecting the better than expected United Cigar Stores Company report issued Thursday, stocks of that company and its affiliates made substantial gains in the retail tobacco section. Webster Eisenlohr stocks, controlled by United Cigar through a subsidiary, made good gains, the common rising 1% to and the preferred 7 points to 70. United Cigar preferred was up 1% at 46% and United Stores A up % at 9. United Cigar common rose is to 6■*. United States Steel rose to 172-% and then reacted to 171%. Around noon it was at 172, up %. Loew’s issues continued to lead the amusements, the preferred stock rising to anew record high at 111?*, up 1%. Radio-Keith eased Vs to 45. Utilities were firmer, featured by active buying in Columbia Gas and selling in United Corporation, the only weak issue of the group. Oils were generally higher, while low-priced rails continued to advance. Births Girl* Joseph and Mary Obrien. 1151 Lee. Arthur and Gertrude Dodd, 1925 Howard. Boy* Samuel and Helen Koip. Methodlet hospital. Walter and Pauline Davis. 1404 St. Peter. Deaths Julia Ann McGrew, 73. 36 North Randolph, cerebral hemorrhage. Nathan Klein. 50, city hospital, cerebral apoplexy. Margaret Stott, 81. Methodist hospital, hypostatic pneumonia. Robert V. Eberhardt, 43. Methodist hospital, acute embolism. Emcgine Simmons, 1. city hospital, lobar pneumonia .. , Margaret A. Hooker. 29. city hospital, tubercular meningitis.

In the Air Weather conditions in the air at 9 a. m.: South west wind, 5 miles an hour; barometric pressure, 29.92 at sea level; temperature, 57; ceiling unlimited; visibility, 10 miles; field good. Arrivals and Departures Curtiss-Mars Hill Airport—Roy Minor, Los Angeles to New York, Great Lakes plane, over night; Tex La Grone, Troy, 0., to Kansas City, Waco; Embry-Riddle passengers to Chicago were C. P. Murphy, 912 Kume-Mansur building, Indianapolis, and F. O. Carleton and B, C. Pierce, both of Chicago; passengers to Cincinnati included R- F. Wise of Cincinnati, Charles Battershell of Chicago, J. Harrison, Claypool hotel, Indianapolis, and C. Garwin of Cincinnati; T. A. T. passengers inc'uded Mr. and Mrs. C. F. Davis, Inc’ianapo’is; H. C. Huntington, Indianapolis, and E. W. Nelson, Anderson, all bound for St. Louis. Hocs’er Airport—H. J. Middleton Columbus, Ind., to Terre Haute. Waco; Paul Cox, Indianapolis, to Terre Haute, Barling; John Porter, Indianapolis, to Bentcn Harbor, Mich., Laird; pilot R. F. Lamont to Chicago. Ford tri-motor plane belonging to the Standard Oil Company. Capitol Airport—Buddy Jones, Indianapolis, to Louisville, Stinson; E. West, Appleton, Wis., to Connersville, Ind., J-N-4B plane. BALTZELL RULES OUT EVIDENCE ON SEARCH Holds Ransacking for Rum Minus Warrant Is Illegal. 'An officer can not go into a man’s home or place of business and ; search without a warrant,” declared Judge Robert C. Baltzell in federal court Thursday in sustaining a motion to suppress certain evidence in the case of Theodore Ballinger, 725 East Morris street. Two counts of the federal grand jury indictment, based on the evidence obtained through faulty search, were dismissed. Police and federal agents, it is alleged, went to Ballinger’s establishment and asked for permission to search the place. When Ballinger refused he was arrested and taken into custody until a warrant had been obtained. They then took him home, read the warrant and searched the place, Floyd J. Mattice. attorney for Ballinger asserted. Ballinger will be tried on the remaining two counts, both of which are sale.