Indianapolis Times, Volume 42, Number 7, Indianapolis, Marion County, 19 May 1930 — Page 14

PAGE 14

STOCK SHARES SENT DOWN IN LIGHTTRADING Most All Sections of List Subject to Selling; Steel Weak.

Average Stock Prices

Average of thirty Industrials for Saturday was 272.41, up .89. Average of twenty rails was 144 93, up .41. Average of twenty utilities was 102.08. off 20. Average of forty bonds was 98.20. up .08. Bn United Preen NEW YORK, May 19 —Stocks declined 1 to 3 points with a few special issues off as much as 6 points in the first part of the session today. Trading continued very dull with tickers stopping at Intervals. Nearly all sections of the list were subject to selling. Some of the rails made gains and retained them and a few utilities perked up as did United Cigar Store issues in the tobacco group and Vanadium in the steels. Steel Declines United States Steel, however, declined to 171, off 1 7 /b, and rallied only partially. Declines of 2 to 3 points were made by Westinghouse Electric, Eastman Kodak, A. M. Byers and International Harvester. Auburn Auto dropped 6 points to 162, after a display of strength at the outset. Losses of a point or more were made by American Can, Radio-Keith-Orpheum, General Electric, Southern Railway, United Corporation and United Carbon. Traders Bullish In the railroad group Pennsylvania and Missouri-Kansas-Texas held small gains. Standard Gas preferred rose fractionally to 66%, anew high for the year, and Western Union firmed up *4 to 183 in the Utilities. Call money renewed at 3 per cent. Around noon the list was dull with tickers clear part of the time. Sentiment was not against the market, but professionals and small traders alike were loath to place commitments with the result that bids were scarce and prices lowered when sales were made. The majority of traders were, more bullish •on the more distant future, and their atittude was bolstered by remarks of Secretary of Commerce Lamont, in which he was quoted as stat.ng it was probable business would return to normal in three months.

Banks and Exchange

INDIAN AfO LIS STATEMENT Indianapolis bank clearings Monday. May 19, were $4,252,000; debits. $7,312,000. NEW YORK STATEMENT Bn Uniti and Prexs _ . , , NEW YORK. Mav 19.—Bank celarings $550,000,000; clearing house balance. *125.000.000; Federal Reserve bank credit balance $125,000,000. TREASURY STATEMENT Bu United Pecxx _ WASHINGTON May 19.—Treasury net balance on Mav 16, was $81,760,300.45; customs receipts for the month to that date totaled $27,410,502.67; government expenditures on May 16 were $10.321.137.52.

New York Bank Stocks

Bid. Ask. Chase National 168'a 169 Equitable 134',* 135 Guaranty 790 793 City National 204 205 America ... 134 136 Bank of United States 66*4 67 Central Hanover 398 401 Chemical 77'a 78 *i Continental 37'i 38 v* Empire 91 93 Interstate 53 54 Manhattan & Cos 139 140*4* New York Trust 303 307 Bankers 168 168 5 ,4 Brooklyn Trust 837 843 Chatham Phoenix Nat.... 141 143 Corn Exchange 217 219 First National 6.000 6.050 Manufacturers 138 137V4 Commercial 538 545 Irving 61V4 62*4

Investment Trusts

Bid. Ask. Am Founders (new) 34*4 25*4 Basic Industry Shares B’s 94. Corporate Trust Shares 9*. 9 7 Diversified Trust Shares <A>... 38*a ... Diversified Trust Shares iBl. 21 s * 22*4 Diversified Trust Shares (C.. 9 s i 9’ First Investment Corporation.. .. llv. Fixed Trust Shares (A) 22H Fixed Trust Shares ißi 1944 ... Investments Trust of N Y 12 *244 Leaders of Industry 11 s * 12 s . No Am Trust Shares 94* 10*4 Power & Light Sec Trust 65 67 Revbarn Cos 13 14*,. Standard Oil Trust Bhares 10 12 S W Straus Inv Units 52 58 Selected Amer Shares 8H B*4 Trustee Std Oil Sh B 10 s/ 11 j U 8 Elec & Pow Shares A... 42*4 44*4 U 8 Elec Sc Power Shares iß*. 13 13Vv SUSPECT DRY AGENTS IN ‘TIPOFF’ BONUSES Report Officers Receive Portion of Informers’ Rewards Probed. Bu United Press BUFFALO. N. Y., May 19.—The “tipoff system” employed by federal border patrol forces in appprehending smugglers was under investigation today by Washington officials. / Under the system, which is used in most border cities, an informer receives 25 per cent of the fines and penalties imposed as the direct result of his “tip.” Members of the border patrol service are forbidden from accepting any part of the informer's profits. Suspicion that this rule has Wen violated in certain cases was said to have prompted the investigation. SISTER OF MORROW’S RIVAL QUITS AS AID Miss Fort to Support Brother in Senate Race as Dry. Bu United Press WEST ORANGE. N. J., May 19 Dwight W. Morrow's advocacy of repeal of the eighteenth amendment has cost him the support of Miss Margaret ta Fort, sister of his rival for the Republican senatorial nomination from New Jersey. She resigned today as a member of the Morrow campaign committee and said she would support her brother. Representative Franklin W Port, who is tunning on a dry platform. Four Relatives Graduated Bu Timex Special MT. VERNON, Ind., May 19 This year’s commencement exercises of lit. Vernon high school were of special interest to John S. Hildredge, Black township farmer, as four of the graduates were his grandchildren- They were K. Bernell and Ruby Alldredge. Woodrow Whipple and Janice Redman.

New York Stocks

‘ (Bv Thomson & McKinnon 1*

—May 19— Railroad*— Prev. High. Low, 11:30. close. Atchison 327% Balt ti Ohio ...116% 116 116 116 Chesa ti 0hi0... 216 Chesa Corp 71 70% Chi Ort West... 15% 14’, 15% . C R I & P 114 113*/* Del L ti W 127% ... Erie 49% 48% 49% 48% Erie Ist pfd 63'/a .. Oreat Northern ... 91% Illinois Central .130% 130 130% 128% Lou tc Nash 131 MK & T 60% 59 59% 58% Mo Pacific 84 84% Mo Pacific pfd..132% 132 132% 133 N Y Central . ..178% 177 178% 177% Nickel Plate US NY NH ti H ...118% 117% 118% 118 O & W 14 Pennsylvania ... 79% 79 79 *B% Searboard Air L 9% 9\ Bo Pacific 122% ■ .121% 121% 121% Southern Rv 114% 12% 113 114% St Paul 21% 21% St Paul pfd ... 3* St L & S F 11 11* Union Pacific • 326% Wabash 54% 62% 53% J 2% W Maryland ... 34% 33% 33 ■ 34 s * West Pacific ... 25% 25% 25% ... Equipments— Am Car te Fdy 55 5S Am Locomotive 64% 64 64 6*'m Am Steel Fd 43 Am Air Brakes S <% Gen Am Tank •••,. 10J% Geenral Elec .... 83% 82 82 2 83% Man El Sun.... 19% 18% *B% 18 N Y Airbrake 143 ... Pre:,s Stl Car ... !* Pullman 77% 77 ,7 77.a Westlngh Air 8.. ... ■ ■ k ., ,% Westingh Elec ..li®% 175% 176% 1/7, Rubbers— Fisk 3% 3% Goodrich 42% 41% 41: a 42% Goodyear 85 84V 2 85 84 Kelly Sprgfld Lee Rubber ~ ... ••• 8 U S Rubber 28% 28% 26% 23% Motors— Auburn , ... 1*9% Chrysler 34% 34 s * 34; 34% Gardner 4-, ... General Motors. 47% 4i% 4/% 47,* Hudson 44 43 43;* 42 * Hupp 18 '.a 19 Marmon 33% Packard i7% 17% 17% 17% Plcrce-Arrow RfO 11 * Studebaker .... 37 36% 37 ... Yellow Trucks.. 28% 27% 27% 27% Motor Access— Bendix Aviation 42% 42 42 42 Borg Warner 37 % 37 Rriffgs . .. ... -1 at Eaton 28% 27% 27% 28 El Storage B 67 66 ■ 68% 67% Hayes Body 11., 'i; Houda 20'* 21 Motor Wheel... ■ • • I:,- 8 Bparks-W 26% 26% 26 ? 26% Stewart Warner 28% 28/a Tlmkin Roll 76% ... Am Metals * Am Smelt Anaconda Cop.. 61V* 60,2 60'* 61 Cal & Hecla 2° 20% Cerro de Pasco * ... Freeport Texas 48,* Granby Corp 32,2 3a 2 Int Nickel 33 32% 32% 33 Inspiration „ ••• J;/ 8 Kennecott Cop .. 46Va 46% 46’,2 46 % Nev Cons 21'% 21% 2%* 21,4 Texas Gul Sul 40>/a ••• U S Smelt 29’% Oils — Amerada 2 Atl Refining 43 42% 42*2 43/* Barnsdall 26% 26'* 26V* 27 Ind Oil 25 24% 24% 24 % Indian Refining. 19% 19% 19V* 19.-a Mex Sbd 28% 27% 27% 27 * Mid Conti 28 Pan-Amer (B) 64% 65 ,* PhUlips 39’/a 39% Pr Oil & Gas 47 47_a Pure Oil 24 23 /4 Richfield 23% 23/* Royal Dutch , 53% 53% Shell Un 21% 21% 21% 22 Sinclair 27% 27% 27% 27% Skellv •• ■ 34'/ 35 Stand of Cal ... 70% 70 70. 70 Stand of N J .. 78% 78% 78'2 79/ Stand of N Y 36% 26% Texas Cos 57% 57% Am Roll Mills .. .. ... ... 73% Bethlehem 97% 96% 97% ... Bvers A M 97% 95 9o 98 Colo Fuel 63% 62 62 64 4 Cruc Steel 76% 76V* 76’4 ... Ludlum 32% 32% 32Va 33 Midland •• ... 37 % Newton 52 51 52 ... Reoub I & S .. .. *•*... 54 3 4 55 tr US steel. ....172% 171’'. 171% 172% Vanadium 119’,'a 118% lIBV2 118% Tobaccos— I[S , Am Sumatra -L’/ 8 *£ b b aC . C 8°,. ,A, .264 262 262 ! £ K a Mv C e l r K s ar ß 109% iOB% 1 % 1 % Lorilard 26% 25% 26 4 26 s Reynolds Tob... 53% 53% ?3 ,* 53/* Tob Pr A 11 Tob Pr B * * United Cig 6% 6’/* Adams Exp • 31V* 31,a Am For Pwr ... 84 82 3 s 83 84 Am Pwr &Li *.lO6Va 104 3 / 104 3 '4 ... AT&T 246*2 246 216V2 246V2 Col Gas & E 1... 85% 84*'* 85% 86% Com & Sou .... 17% 17% 17% 17 /a El Pvr &Li .... 88% 87 87% 88% Hen Gas A 4 3 '4 Inti TANARUS& T .... 64 3 4 64*8 64*2 64V Natl Pwr & Li.. 47% 46% 46% 47% Nor Amer Cos ...119V* 117r* 119.* 118 /a Pac Gas & E 1... .. ... 69 70 Pub Ser N J ...115% 114% 115% 115% So Cal Edison .... ... 66% 67% Std G & El 116% 116% 116% 117 United Corp ... 46% 45% 45% 46% Ut Pwr & L A.. 40% 39% 40% 40% West Union . .. 182% 182 182% 182’,'* Am h inti n f:orp... 43% v 43 43 43% United Fruit 92 Foods— - Am Sug •••_, ••r 7 , 6 *., Armour A 7% 6% 6/a 7% p-i pvor ... ... 69 Can thy" 65% 65% 65% 66% Childs L 65% 64% 65% 64% Coca Cola 184% 184 184% Cont Baking A. .. ... 39% Corn Prod 104% 104 104 104 * Cuban Am Sug. .. ... ... ®.* Gen Foods 59 58% 53-** 68,2 Hersey 103% Jewel Tea ... ... ou l 2 Kroger 34 33% 33% 34% Nat Biscuit 88% 85% 87% 86 Safeway St 96% 95 5 . 95% 96% Std Brands 22% 22% 22% 22’/ 2 Ward Bkg H Cotv Inc 27% 27Va Lehn & Fink 30V* ... Industrials— Am Radiator ... 32% 32% 32% 32 Bush Term 46% ... Certainteed ... ••• 9Va Gen Asphalt , 58 ... Otis Elev 75 74% 74% 74% Indus Chems— Allied Chem ~ 309 311 Com Solv .... 31 - 30’* 30% 31% Union Carb ... 85% 83V* 83’* 86 U S Ind Alco 93% 93 Retail Stores— Assoc Dry Gds 44% 45% Oimbel Bros 18% 18 18 18% Kresge S S 31% ... Mav D Store 52% ... Mont Ward 44% 44 44 44% Penny J C 68% 68% Sears Roe 86% 85% Ba% 86% Wool worth .... 62’/s 62% 62% 62% Amusements— . ■ Col Graph 27% 27% 27% 27% Eastman Kod ... 247 Fox Film A 52% 51% 51% 52 Grigsbv Gru . 20% 20% 20% 20V* Loews Inc 93 88% 89% 93 Param Fam 67% 67% 67% 69 Radio Corp 49% 49 49 50% R-K-O 43% 42 Vi 42’* 44% Schubert 26% 25% 25% 26% Warner Bros ... 62% 62% 62% 64 M'srellanrous— Congoluem ..... 16% 16 16% 16 Amer Can 144 s * 143',i 144% 144% Cont Car. 65 % 6o 65% 65% Curtiss Wr 11 s * 11% lj'2 ll 3 * Gillette SR 86% 85% 85% 87_ Real Silk 51%

In the Stock Market

<Bv Thomson St McKinnon) NEW YORK, May 19.—Now that we have apparently felt the full effect of the miscalculation of trade revival, it is in order that some forward date be fixed when business should be what may be called normal. That time seems to be generally set for early autumn, which thought the administration is inclined to agree, in that it realizes its own program missed the mark. There is nothing definitely in sight for the immediate future aside fsom a decision in the tariff and adjournment of congress, which should considerably relieve unsettlement in many quarters, particularly from tariff uncertainties. That business is not declining, there seems to be widespread agreement, and while improvement is not as visible as desired, there are lines making satisfactory progress. Even in the more depressed situation we find betterment becoming apparent as noted in the auto sales’ report of the General Motors Corporation. To feel that the worst is of great comfort, unpleasant news seems to be losing its depressing influence. It is axiomatic thr.t dullness is usually a prelude to better markets. Altogether, the stock market, by its listless action, seems to indicate that it is merely awaiting definite trade developments, which,|in our opinion are likely to be constructive.

SWINE MARKET RISES QUARTER AT CITYYARDS Strong Trend Evidenced in Cattle Trade; Sheep Trend Lower. May. Bulk. Top. Receipts. 12. $10.251110.35 $10.35 5.000 IS. 10.251/10.35 10.40 7.000 14. 10.35 10,40 6.500 15. 10.35 10.35 7.000 16. IO.OOfi 10.20 10.25 6.500 17. 10.40 10.50 2,000 Hogs opened the week’s trade at the city stockyards this morning, with the market mostly 15 cents higher than Friday’s average. The bulk, 160 to 275 pounds, brought $10.45 to $10.55. Top price paid was $10.55. Receipts were estimated at 5,000 head; holdovers, 147. Slaughter classes ruled strong in the cattle market, prices being up 25 cents in some instances. Receipts were 350. Vealers were steady, selling at $11.50 down. Calf receipts were 400. Tlie trend in the sheep market was lower, with spring lambs mostly at $lO down. A few odd head brought up to sl2. Receipts were 700. Chicago hog receipts were 38,000, including 15,000 direct. Holdovers were 1,000. Today’s market held 10 to 15 cents higher than Friday’s average. A few loads of choice 180 to 210-pound weights selling at $10.35; 270 to 300-pounders brought $lO.lO to $10.20. Cattle receipts were 14,000; sheep, 14,000. —Hogs— Receipts. 5.000: market, higher. Heavies. 300 lbs. up $ 9.75®10.25 250-300 lbs 10.25(5510.45 Med. wts.. 200-250 lbs [email protected] 200-225 lbs 10.55 Light wts.. 160-200 lbs 10.55 Light lights. 130-160 lbs 10.00® 10.40 90-130 lbs 9.00® 9.75 Packing sows 8.50® 9.50 —CattleReceipts. 350: market, higher. Beef steers. 1.100-1.500 lbs. good and choice $11.00(5113.25 Common and medium [email protected] Beef steers, 1.100 lbs. down. good and choice 10.75®13.0Q Common and medium B.oo® 10.75 Heifers, 850 lbs. down, good and choice 10.50® 12.00 Common and medium 6.00(55:10.50 Cows, good and choice 7.75® 9.50 Common and medium 6.00® 7.75 Lower cutter and cutters 4.25® 6.00 Stocker and feeder steers, good and choice 8.50®11.50 Common and medium 5.50® 8.50 —Vealers— Receipts. 400: market, steady. Medium and choice $ 9.00®11.00 Cull and common 7.00@ 9.00 —Sheep— Receipts. 700: market, lower. (Shorn Basis). Lambs, good and choice $ 8.50® 9.00 Common and medium 7.00® 8.50 Spring lambs 2-9211 1 2'22 Ewes, medium to choice 3.50® 5.00 Cull and Common 1.50® 3.50 - Other Livestock Bn United Preen CHICAGO. May 19. Hogs—Receipts, 38,"’00, including 15.000 direct; slow, mostly 5® 15c higher; hogs scaling under 240 lbs. showing most advance: top. $10.40; choice 300-lb. weights. $10.10; 380-lb. averages. $9.80; butchers, medium to choice. 250-350 lbs., $9.75(5/ 10.20; 200-250 lbs., 59.85® 10.40; 160-200 lbs., $9.85® 10.40; 130130 lbs., $9.65(5/ 10.35; packing sows. s9® 9.75; pigs, medium to choice, 90-130 lbs., s9*2s® 10.15. Cattle—Receipts. 14,000; calves, receipts. 2,000; best steers and yearlings, 25c higher, instances more; she stock scarce, firm; bulls. 10®15c higher; largely steer and yearling run, best early, sl4: slaughter classes, steers, good and choice. 1300-1500 lbs., $12.25®! 14.25; 1100-130 lbs., $12®14.25; 950-1100 lbs., $11.50®14; common and medium, 850 lbs. up. $7.50® 11.75; fed yearlings, good and choice. 750-950 lbs., [email protected]; heifers, good and choice, 850 lbs. down, $9.75®12; common and medium. [email protected]; cows, good and choice. $7.25®9.75; common and medium. $5.75®7.25; low cutter and cutter. $4.25®5.75; bulls, good and choice, beef, $7.25® 9; cutter to medium, $5.60®7.75: vealers, milk fed. good and choice. $10.50®'13: medium, $8.50® 10.50: cull and common. $8®8.50: Stockers and feeders stee-s, good and choice, all weights, sc.7s® 11; common and medium, 57.50®9.75. Sheep—Receipts. 14.000; market opened strong to a shade higher: shorn lambs. $9.25®9.75; woolskins held $10®; 10.25; Cali.'ornia springers, $10.75; odd head natives, $11.50 to outsiders; shorn ewes. ss® 5.50: slaughter classes, spring lambs, good and choice, $10.50® 11.50; medium. $9.25® 10.50: cull and common. $8.25® 9.25: lambs, good and choi( 92 lbs. down. $8.85®9.90: medium, sß.2s®' 9; cull and common. $7.50®8.25: medium to choice. 92-100 lbs. down. 57.75®9.65; ewes, medium to choice. 150 lbs. down, [email protected]; cull and common, [email protected]. B" United Preen PITTSBURGH. May 19.—Hogs—Receipts, 2,750: market, strong to 50c higher: 150210 lbs., mostly sloßo® 10.85; 220-250 lbs.. $10.60®10.75; sows. SBTSO®9; pigs and underweights. slo® 10.05. Cattle—Receipts. 750: market about steady; steers. s9® 12.40; some held higher: most fat cows. $6.50®8.50: bulls, s7® 9.25; few heavy heifers. $7.50®9; calves, receipts. 1,000; market, 50c higher: top vealers. sl2. Sheep—Receipts. 2.000: market, steady; spring lambs. $11®13; old crop clippers, [email protected]; aged wethers, [email protected]. Rn X’vited Prenn EAST ST. LOUIS. 111.. Mav 19.—Hogs— Receipts. 11.000: market 10® 20c higher: 160-280 lbs.. *10.15® 10.35: most sows. *9.10 ® 9.15. Cat.tle— Receipts. 3.000: calves. 2.000: early trade steers and low cutters steady to 25c higher; good and choice vealers 50c higher at sl2; bulls steady at $7.60 down: indications strong to 25c higher on other cla-ses. Sheep—Receipts. 1.500: market, practically nothing done: indications about steady; holding better springers above $11.25. Btr United Press CLEVELAND. May 19.—Hogs—Receipts. 3.400; holdovers. 47; 15®25c higher; top and bulk, 150-210 lbs.. $10.75: choice 220250 lbs.. $10.60; 250-300 lbs.. $10.50: pigs. $10.25; rough sows. $8.75@9. Cattle—Receipts. 700; generally active, strong, spots 25c higher: bulk common to medium steers. $9.75® 10.75: few yearlings. $11: fat cows. $6.50®8.50: cutter grades. s4®> 6. Calves—Receipts. 1.100; steady; better grades. 512®12 50; medium and common. *9® 11.50: few culls as low as $7. Sheep— Receipts. 2.000; steady: good to choice lambs. $9.50®9.75; few. $10: common and medium. $7.50® 9. kinds fairly numerous; culls downward to $5.50. S// United Preen EAST BUFFALO. N. Y.. May 19.—Hogs— Receipts. 5.900: holdovers. 100: weights below 250 lbs. active to all interests, generally 25c higher: heavier averages slow and steadv to 10c higher: bulk 120-230 lbs.. $11; 230-260 lbs.. $10.60® 10.85: packing sows. $9®9.60. Catlte—Receipts. 2.200; fed steers and yearlings slow, mostly 25c lower; some off 50c. bulk unsold; good steers and yearlings. $11.25® 11.75: few sl2; medium and short feeds. S10@ll: cows, steadv: cutter grades. $3.50® 6. Calves— Receipts. 1.500: vealers. active. 50c lo mostly $1 higher: good to ohoice. $12.50®! 13: common and medium, s9® 10.50. Sheep —Receipts. 4,500: shorn lambs. 25®50c higher: good to choice. 92 lbs. down *9.50 ®9.75: few $10: medium and mixed offerings, $8.50®9.25; aged stock and spring lambs, nominal. Bn United Preng CINCINNATI. May 19.—Hogs—Receipts, 4,600: including 1.300 direct: heldover, I. light and medium weight, steadv to 10c higher: others, steadv; top. $10.50* 170-230 lbs. *10.40®10.50: 240-260 lbs.. *!0.25®10.40: 260-300 lbs.. 10®10.25: light lights. $10: best strong weights. $10.25; $8.50®9.50: most SOWS. $8.75: few $9. Cattle—Receipts. 900: calves, 300; slaughter steers and heifers, steadv to strong: snots 25c higher: cows, strong to 25c higher: bulls steadv: good around 1.200-lb. steers. *11.50: most other steers and heifers. $9.50* 11.25: beef cows. *6 75®8: few t’O to *8 50: cutter grades. ss® 6.50; medium bc’ls. *7%8.10: vealers. steadv: top. *11: bifnf. good to choice. *10®11: plainer. *B® 9.50. Sheep—Receipts. 600: steadv: bulk good to choice springers. *10.50® 11. bulk medium. *8.50®9.50: buck lambs. 80 lbs. and up s9@lo; fat ewes. $5; mostly s4® 4.50. fin Timen Special LOUISVILLE. Mav 19.—Hogs—Receipts. 1.500: market. 10c higher: 300 lbs. up. *8.55: 225-300 lbs.. *9.60: 165-225 lbs., *lO 20: 130-165 lbs.. *9.40: 130 lbs. down. *7.40: roughs. *6.85: stags. $6.25. Cattle— Receipts. *oo* market, steadv: prime heavy steers. *10.50® 11.50: heavy shipping steers, *9.50® 10.50: medium and plain steers. $8.50 ®9.50: fat heifrs. *7.50®11: good to choice cows. *4.50® 8.25; medium to good cows. *5.5066.50: cutters. ss® 5.50: canner. $3 50®4.50* bulls. *6®B: feeders. *B® 10 7.4; stocke's. *7.50® 11. Calves—Receipts. 1.100: market steadv: tons. *9.50: good to che'ce. *7.50®9 50- medium to good. s6@ 7.50- outs. *5 50 down. Sheen—Receipts. t.OOO: steadv; ewes and wether lamb'. *10.75: buck lambs. *9.75: seconds nd fed lambs. *7®>7.50: dinned sheep. *4® 5. S-turdav end Sunday shipments: Catt'—None, calves. 450: hogs. 675; sheep. 456.

Local Wagon Wheat

City cram elevators are baying 99c lor wfeea’s Wh ** l * Bd m sot No ’ 2

THE INDIANAPOLIS TIMES

Business — and — Finance

WAYNE. Mich.. Mav 19.—Sales of Stinson Aircraft Corporation increased 38 per cent during April over March. W. A. Mara, vice-president, reported today. The April sales included thTrty-two juniors, a fourplace cabin plane powered with a Lycoming 10-horse-power engine and selling at S5 775. two six-place Stinson-Detroltcrs with 3CO-horse-power Wright engines, and several other models. , . . Last year Stinson's total sales numbered 120 planes. Directors of Twin States Natural Gaa Company, at a meeting held Mohday, May 12. authorised the issuance of 40,000 additional shares of no par common stock to be offered to holders of the Company’s participating class A stock at $5 per share on the basis of two shares of commvn for each five shares of Class A stock held of record on May 27, 1930. Proceeds from the sale of this common stock will be used in developmqnt and expansion of the company’s business and for other corporate purposes. Earnings of Merchants and Manufacturers Securities Company for 1929 were the largest in the history of the company, according to the annual audit report of Ernst & Ernst, made public by Arthur Greene, president. Net profit, after ail charges and federal income tax, totaled $529,998.51. or more than seven and onehalf times the prior preferred dividend requirements. and more than twice the present dividend requirements on the class A common stock after providing for the preferred dividends. Initial public financing for Midland Natural Gas Company, recently organized under the laws of Delaware to own and operate natural gas properties totaling more than 15.000 acres in Pennsylvania and West Virginia has been underwritten by E. R. Diggs & Cos.. Inc.. New Yorx and will consist of an issue of 115,000 shares of no par participating class A stock of the company to be publicly offered later this week. Alabama Water Service Company, a subsidiary of Federal Water Service Corporation, reports gross revenues of $861,399 for the year ended March 31. 1930, as compared with $782,436 for the preceding twelve months. Operating expenses, maintenance and taxes, other than Federal income tax, totaled $452,652, as against $333,642. Gross income amounted to $408,747. which compares with $388,794 for the year ended March 31, 1929. I. Miller & Sons. Inc., have declared a regular quarterly dividend oi 50 cents a share on the common stock, payable July 1. to stock of record June 20, also a regular quarterly preferred dividend of $1.62% a share, payable June 2. to stock of record Mav 23. Directors and officers were re-elected at the annual meeting held today.

Produce Markets

Eggs (country rum—Loss off delivered in Indianapolis. 17c; henery quality. No. 1 20c: No. 2. 15c. Poultry (ouylng prices)—Hens, weighing 4% lbs. or over, 20c; under 4Vi lbs-. 20c; Leghorn hens. 17c: springers, 4 lbs,, or over 21c; under 4% lbs.. 21c; broileis, 1930. 25c: old cocks, 12@15c: ducks. lull feathered, fat. whites. 12c; geese. 10c. These prices are for No. 1 top quality, auoted bv Kingan & Cos. Butter (wholesale) —No. 1. 42@43c: No 2. 40®41c. Butierfat—3sc. Cheese (wholesale selling price per pound)—American loaf. 31c; pimento loaf. 32c; Wisconsin firsts. 27c. Longhorns 34c New York limberger. 36c. Bu United Press CHICAGO. May 19.—Eggs Market, easier; receipts. 44.861 cases; extra firsts. 22® 22Vic; firsts. 20%c; ordinaries. 19®. 19%c; seconds. 17%c. Butter—Market, weak; receipts 18,724 tubs; extras, 33%c; extra firsts. 31%®32%c; firsts. 29%@30%c; seconds. 28@28%c; standards, 33’,ic. Poultry—Market, steady; receipts. 2 cars; fowls, 20@21c; springers, 25c; Leghorns. 20c; ducks. 13® 15c; geese. 14c; turkeys, 20c: roosters. 13%c‘ broilers, 30®38c. Cheese—Twins. 18®U8%e: Young Americas, 19%c. Potatoes—On track, 285: arrivals 215: shipments, 1.030: market, old stock, firm: Wisconsin sacked Round Whites. *2.90®3.05; Minnesota sacked Round Whites. $2 [email protected]; Idaho sacked Russets. 53.75® 3.85: new stock, steady; Texas sacked Bliss Triumphs, $3.40®3.60: Alabama and Louisiana sacked bliss Triumphs. $3.40®3.65. Bu United Press CLEVELAND. Mav 19.—Butter—Extras, 37c: extra firsts. 37c. Eggs—Extras. 22c; firsts. 21c. Poultry—Fowls. 23® 24c: medium. 23® 24c: Leghorn.. 20® 21c; heavy springers. 33c: Leghorn spring-ms. 28®32c: ducks. 20®,24c: old cocks, !2®l4e; geese, 10® 15c. Potatoes—Maine green Mt . 53.75 ®3.85 per 120-lb. sack; Idaho Russet, $4.25 per 100-lb. sack. Bu United Press NEW YORK, May 17.—Flour—Firmer; spring patents. $5.90®6.20. Pork —Quiet; mess. $32. Lard—Dull and ecsy; middle west spot. $10.70® 10.80. Tallow—Quiet; special to extra. 5%®6c. Potatoes—New steady: old weak; Long Island, $3.50®4.50; southern, $3.75®;8.25; Maine. [email protected]; Bermuda, $6.60®8. Sweet potatoes—Dull and weak: southern basket, $2.50®2.75; southern crate, $2.75®3; jersey baskets. 35c®53.25. Dressed poultry—Steady: chickens. 17® 36c; capons. 30®45c; fowls, 14® 30c; ducks. Long Island, 20c. Live poultry—Firm: geese, 12®14c: ducks, 14®23c; fowl'. 25®27c; turkeys. 15®30c; roosters, 15®17c; broilers. 18®45c. Cheese—Steady; state whole milk, fancy to specjal. 24® 26c: Young America. 21®25c. Butter— Market, firm; creamery extra. 34%c; spesteady to firm; nearby white, fancy. 30® cial market, 35®35%c. Eggs —Market, 31 Vic; state whites, 26@29c: fresh firsts, 23%c; Pacific coasts. 29@36c; nearby brown. 25®31c. Btl United Press CINCINNATI. May 19.—Butter—Steady; creamery in tub lots, according to score. 31® 34c: common score discounted 2® 3c: packing stock. No. 1. 25c; No. 2. 16c: No. 3. 12c: butterfat. 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. 22c; 4 lbs. and over. 23c; 3 lbs. and over, 23c; Leghorns. 3 lbs. and over, 19c: roosters. 12c; broilers, colored over 2 lbs.. 37c; 1% lbs. and over. 36c; 1% lbs. and over. 30c: Leghorn and Orpington broilers. 1% lbs. and over. 32c: lVi lbs. and over. 26c: broilers, partly feathered. 24@26c: black springers. 24c.

‘MEN ARE JUST BIG BABIES TO DENTISTS’

'Can’t Stand Pain,’ Asserts Woman Assistant at Conclave. False teeth of 1950 will have the characteristics of those of a cow chewing its cud. They also will have the gritting action of a wolf’s molars, the haymunching action of a livery stable nag, the nibbling motion of a rabbit’s and the scissors snip of a deer’s. In fact, they will have the character and activity of about half the wild and domesticated animals that walked down the ark gangway. This was. revealed today to 900 Indiana dentists at clinics which opened the seventy-second annual meeting of the Indiana Dentists’ Association in the Claypool by Doctors B. W. Avery and S. K. Avery, brothers, respectively of Goodland and Whiting, Ind. The two brothers, exhibiting false teeth and molars from every animal from a goat to a horse, demonstrated how the characteristics of each animal are blended into the human tooth. “The deer teeth’s characteristics are used for the most part because of their scissor-like action requiring less force in chewing," explained the dental brothers as they held up a deer jaw and manipulated its molars. But while false teeth were under clinical observation of the visiting dentists rnd the animal kingdom held forte man himself received the royal razz berry in the sessions of Indiana State Association cf Dental Assistants on the eighth floor of the Claypool “Men are just big babies when

LOWER CABLES CAUSE SELLING IN GRAIN MART Market Continues to Drop After Early Dip; Corn Off. Bu United Press _ . , CHICAGO, May 19.—Wheat sank largely of its own weight on the Beard of Trade today and closed sharplj’ lower. While there was no aggressive selling the absence of any big demand was keenly felt and trie market continued to drop after the opening weakness on the lower Liverpool cables. The visible supply decreased 4,064,000 bushels. Corn was strong early but was unevenly lower with wheat later with oats showing weakness throughout the session. At the close wheat was 1% cent 4 to 2 1 ,4 cents lower, corn was % cent to 1% cents lower and oats was % cent to l’/s cents lower. Provisions were steady. Liverpool remained lower and closed weakly % to Vs cent lower. Buencs Aires still was unchanged near noon; trading was quiet and active during the morning, but the market was highly nervous. Cash prices were % cent lower. Receipts were 28 cars. Corn had a fractioal advance early on buying stimulated by the heavy ranis over the greater part of the belt which are believed to be delaying field work and causing need for replanting. Selling was well absorbed, but the continued weakness in wheat resulted in a selling off and at midsesssion corn was fractionally lower. Cash prices were Vi to % cent higher. Receipts were less than expected at 111 cars. Oats was inclined toward weakness and lost fractionally at the start, showing no signs of a recovery by mid-morning. Cash prices were unchanged. Receopts were 144 cars. Chicago Grain Table —May 19— WHEAT — Prev. Open. Hieh. Low. Close, close. Mav.. 1.05% 1.05% 1.04 1.04% 1.06 .Tulv.. 1.06 1.06% 1.04% 1.04% 1.06% Sept.. 1.09% 1.09% 1.07": 1.07% 1.09% Dec.. 1.13% 1.13% 1.12% 1.12’/* 1.14% CORN— Mav.. .81% .82% .81 .81'/* .81% Julv.. -81% ~B2’/ .81 .81% .81% Sept., .83% t0!3% .81% .82% .83% Dec... .77% , .77% .75% .75% .77% OATS— Mav.. .42% .42% .41% .41% .42% Julv.. .41% .41% .40% /0% .41% Sept.'. .41’/* .41’/* .39% .40% .41% Dec... .43 Vi .43% .42% .42% .43% RYE— Mav.. .60% .60 Vi .59% .59% Julv.. .64% .65 .63% .63 % .65% Sept.. .68% .68% .63% .67% .69% Dec... .72% .72% .71% .71% .73% LARD— May. 10.22 10.22 10.25 July. 10.32 10.32 10.32 Sept. 10.52 10.55 10.52 10.52 10.52 BELLIES— Mav 13.70 13.70 July 13.50 13.50 Sept 13.60 13.60 Bu Times Special CHICAGO. Mav 19.—Carlcts: Wheat. 17; corn, 67; oats. 64; rye, 4, and barley, 2. Bu United Press CHICAGO. May 19.—Cash (train close: Wheat—Northern No. 4,94 c. Corn—No. 2 mixed. 81%®.31%c: No. 3, 80%c; No. 6. 76c; No. 1 yellow, 82%®82%c; No. 2 82%@82%c: No. 3. 78®81c: No. 4. 75%®! 80c: No. 5. 79c: No. 6 76c: No. 2 white, 84c: No. 3.82 Vic; sample grade, 68®75c. Ooats—No. 2 white. 43®44c; No. 3. 41®43c: No. 4. 40%c. Bariev—6o®6lc. Timothy—s7B.so. Clover—slo® 17.50. Bu United Press TOLEDO. Mav 19.—Grain close: Wheat —No. 2 red. $1.11%® 1.12’%. Corn—No. 3 yellow. 85@86c. Oats —No. 2 white. 47%®! 49%c. Rye—No. 2. 85c. Ba.tiey—No. 2, 62c. Clover—Domestic, cash. new. $11.75; prime choice. sl2; October. *12.60: Decemhr. $12.80. Alsike—Cash. *ll. Timothy— Not quoted. Butter—3s®39c. Eggs—lß® 20c. Hay—sl.2s cwt. , UTILITY SHOWS GAIN Power Sales of Indiana Service Corporation Increase, Sales of elecirical energy and gas by subsidiaries of the Midland United Company showed substantial increases in the first three months of the year compared with the first quarter of 1929. Sales of electricity by the Northern Indiana Public Service Company increased 9.19 per cent over the corresponding period of 1929. Electrical sales in the Calumet industrial district of Hammond, Whiting and East Chicago showed an increase of 12.90 per cent in the first quarter. Sales of electricity by the Indiana Service Corporation increased 7.07 per cent. NEW YORK COFFEE RANGE High. Low. Close. March 7.82 May 8.55 8.52 8.52 July 8.39 8.30 8.30 September 8.17 8.14 8.14 December 7.97 7.94 V. 94

they have a tooth pulled. They can’t stand pain,” was the appraisal of Miss Wanda Carpenter, 2341 North Alabama street, dental assistant. ‘‘You’ve got to kid them along and make them think they’re the only-onlyiest man. You make women forge* the dentist's drill with talk of clothes, like: ‘M* that’s a pretty dress you have. Where’d you get it?’ ” While the dental assistants met and the : r bosses attended clinics, many visited the $250,000 exhibits on the hote”s mezzanine floor. One group of dentists enlivened the sessions with a discussion on the effect of prohibition on the teeth. “Alcohol, pre-prohibition liquor, w : as a germicide and not especially harmful to the teeth,” declared Dr. A. R. Ross, former taiayor of Lafayette. In another sector of the exhibition room the swan-song of gold teeth was sung by Dr. A. R. Meker of Peru. The convention continues through Wednesday. Dr. F. R. Henshaw, Indianapolis, president-elect, will be inducted in office Tuesday morning. A past-pres-idents dinner of the organization was held at noon today. In the Air Weather conditions in the air at 9 a. m.: West northwest wind, 14 miles an hour; barometric pressure, 29.85 at sea level; temperature, 64; celling, 600 feet; ,visibility, one mile; field soft.

Dow-Jones Summary

Bank of Germany reduced its discount rate to 4% per cent from 5 per cent. Stocks of crude rubber at London. Mav 17. were 76.932 tons. Increase 814 from previous week. General Motors April domestic sales to consumers 142.1*64 car* and track*,, against 1-3,781 in March and 173.201 In April, 1929. Four months 428.694, against 524.280 in first four months of 1929. World sales to dealers In April. 156,661 against 135.930 in March and 227.718 in April last year. Four months 519.296. against 750.837. California Crude Oil output in week ended Mav 17. averaged 633.200 barrels dally, a decrease of 2.500 barrels dally from previous week, according to California Oil World. Canadian Pacific gross for second week Os Mav was $3,182,030, against *4.055.000 same week 1929. For period. Jan. 1 to Mav 14, gros* *57,807,000. against *71,833^000. Ahumada Lead Company reports net loss of $37,931 In quarter ended March 31. after depreciation, taxes, etc., against net loss of *13.659 in 1929. Consolidated Goldfields of south Africa proposes to acquire south African Gold Trust and Amalgamated Trust. Ltd., which it has managed for some time. Structural steel orders in April, about 236,000 tons against 248,000 in preceding mouth, and 334,000 in April of 1929. Four months 1,016,000 against L‘232,900 In first 1929 quarter. Irving Fisher's wholesale price index in week ended May 16. Is 88.7 with dollar purchasing price at 112.7 against 89.0, and 112.3 respectively in preceding week. Federal Electric recapitalization plan approved by stockholders. Associated Oil meets Standard Oil of California price reduction in Santa Fe field light crude oil. Youngstown district steel operations at 68 per cent this week against 70 per cent in preceding week LONDON (N. Y.) cables opened at 4.85 31-32 unchanged. Paris checks 123.88. Amsterdam 12.087. Italy 92,715, Berlin 20.37. April income tax collections $38,627,287 against *46,4)7,583 In April of 1929. First ten months corporation income taxes *967.411.951. against *948,953,018 in like period of 1929. Individual income tax receipts $883,897,731. against $786,629,723 in preceding year. Report of United States Electric Power Corporation and subsidiary and affiliated companies for 1929 shows balance available for interest and dividends of United

On Commission Row

FRUITS Apples—Basket: Baldwin. $2<3>2.05: Stayman. s2®!3; Winesaps. *3.25: Northern Spy. $2.25; Ben Davis. $2.25. Boxes: Delicious. $4®4.50: Stayman. [email protected]; Winesaps. $2.75®3.25. Barrels: Baldwin. *6® 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. $505.50. Limes—Florida. $2.50®3 a 100: Dominican. $3.50. Oranges—Florida. $608.50; California, naval. ss®9 a crate; Valencia. $6.2508 a crate. Pineapples—Cuban. $4.25 a crate. Strawberries—Alabama. 24-auart crate. $5®5.50. Pears—A.vocado. California. $7 a dozen; D'Anjou. *4.7505 a box. VEGETABLES Artichokes—California. $1.25 a dozen. Asparagus—California and Georgia. 45c a bunch: $3.5004 a case. Beans—Texas stringless. *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. Cauliflower—Western. $1.75 02.25 aerate Celery—Florida. $4.75%5 a crate. Cucumbers—Hothouse, $1.65 a dozen. Eggplant—Southern, $1.25®2 a dozen Kale—Eastern. *1.25 a bushel. Lettuce—California Iceberg. *4.50®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 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. ss®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-pound bag; Red River Early Ohios. $4 0 4.25 a 120-pound bag: new Florida Cobbler, *3 a 50-pound hamper. Sweet Potatoes Tennessee. $2.25: Louisiana Golden Glow. *2.75.

Indianapolis Stocks

—May 19Bid. Ask. Amer Central Life Ins C0....1,000 Belt R R & Yds Cos com 61 63*/* •Belt R R & S Yds Cos pld.. 56 60 Bobbs-Merrill Cos 30 33V* Central Ind Pow Cos p1d.... 92 94V; Circle Theater Cos com 105 % ... Citizens Gas 27 37 Citizens Gas pfd 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 101 105 Indiana Service Corp pref... 87*4 ... Indianapolis Gas Cos common.. 57 61 Indpls Power & Lt Cos pfd...*104*4 106 Indpls Pub Wei Loan As com 53 Indpls St Ry Cos pld 10 12 Indianapolis Water Cos pfd... 98V4 ... •Interstate U 8 Copr 6"o L pf 89 s / 93 Interstate P S pr ft 101 103 Vi Metro Loan Cos 98Vi ... •Northern Ind P 5Vi% co pfd 91’/a , 94'i •Northern Ind Pub 6% co pfd. 99 102*4 •Northern Ind Pub 1% co pfd. 106 Progress Laundry Cos c0m.... 46 48Vi S Rauh & Sons Fer Cos pfd Real Silk Hosiery M Inc pfd.. 98 Shareholders Investors C0...*24Vi ... Standard Oil Cos of Ind 54 ... T H I <fc E pfd 10 •Terre Haute Trac L Cos pfd. 75 Union Title Cos common 43 48 Vi 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... 98Vi ... Central Ind Power Cos 6s 99Vi ... Citizens Gas Cos 5s 102 Citizens Street Railroad 55.. 40 41 Gary St Ry Ist 5s 65 Home T & T of Ft Wayne 6s. 101% ... Ind Northern Trac Cos 3 5 Ind Ry & Light Cos 6s 97 Indiana Service Corpn 5s .... 88 Indpls Power & Lignt Cos 55.. 99Vi 100 Indiana Union Trac Cos 55.... 7 Indpls Col & Cos Trac 65.... 94 99 IndianapoUs Gas Cos 5s 99Vi ... Indpls & Rapid T Cos 5s Indpls No Trac Cos 5s 10 Indpls North Western Cos Indpls Street Ry 4s 31 32 Indpls Trac Ter Cos 5s 86 Indpls Union Ry 6s 100 s / . Indpls Water Cos s*,is 102 103*/a Indpls Water Cos 5s 95 Indpls Water Cos lieu Si rel... 92Vi 94Vi Indpls Water 4Vis 93*/ ... Indpls Water W Sec Cos 5s .. 85 Interstate Pub Serv Cos 4Vis.. 91 No Ind Pub Serv Cos 5s 88Vi ... Interstate Pub Serv Cc 4Vis.. 91 s / ... No Ind Pub Serv Cos 5s 101 No Ind Telegraph Cos 6s 97V4 100 T H Ind & East Trac Cos 55.. 65 T H Trac Light Cos 5s Union Trac of Ind Cos 6s .... 17Vi ... ACQUIT INDIA RULER Native Chieftain Held Not Guilty of Murder. Bu United Press ARACHI, India, May 19.—The Pir of Pagaro, powerful native chieftain whose trial caused almost as great a sensation here as the India home rule movement was acquitted today on a charge of murder. He was still held in jail, however, and faces trial on five other charges. The defendant was accused of torturing and beating women in his palace and one girl who appeared to testify against him told of hardships which almost killed her. Librarians to Meet Bu Times Soecial PAOLI, Ind.. May 19.—A district meeting for librarians will be held here Tuesday. Speakers will include Miss Bertha Ashby and Miss Ella Davidson, Bloomington. , . . . ........ ...... .

States Electric Power Corporation of $5,280,558. after taxes, depredaton. depletion. subsidiary charges and dividends of preferred and common stocks of subsidiaries. Pure Oil Company earnings in vear ended March 31, $1.51 a common share against $3.05 a share in previous year. Thermoid Company net sales first four months *1.765.752. against $2.058 522 in like 1929 period. April Cigarette production 9.536.232.513. against 9.969.903.979 in April 1929. Cigars 503.011.118. against 593.768- Manufactured tobacco 27.557.129 pounds against 28.771.222. Manufactured snuff 3,703.984 pounds, against 3.179.250. FINANCE HOUSES IN' NEWJFFICES Prince & Whitely, National City Company Move. The firm of Prince & Whitely and the Indiana and Kentucky district office of the National City Company, nationally known financial houses, open new offices today in the Circle Tower building. The latest in modern equipment for the convenience of clients is offered by Prince & Whitely in the form of stock quotations and news service. The firm of Prince & Whitely, members of the New York Stock Exchange, was founded in 1878, and now has branch offices in all principal cities of the country. Kenneth L. Ogle is resident manager of the Indianapolis branch. H. Z. Gates is assistant manager. The National City Company, one of the largest international banking houses in existence, is managed by Hugh Niven. Eight securities salesmen work from the Indianapolis office.

The City in Brief

TUESDAY EVENTS Ladies Oriental Shrine convention, Severin. Disciples of Christ convention. Central Christian church. Rotary Club luncheon, Ciaypooi. Junior League Rodeo, Indiana state fairground, night. Indiana State Dental Association convention, Ciaypooi. Indianapolis Medical Society meeting. Athenaeum, 8:15 p. m. Gyro Club luncheon, Spink-Arms. Mercator Club luncheon, Columbia Club. Indianapolis Architectural Club luncheon. Y. W. C. A. Purchasing Agents Association luncheon, Severin. American Chemical Society luncheon, Chamber of Commerce. Universal Club luncheon, Columbia Club. University of Michigan alumni luncheon, Lincoln. North Side Exchange Club luncheon, 3810 College avenue. Knights of Columbus state meeting. K. of C. home. Patriarchs meeting, I. O. O. F.. state meeting, Denison. Rebekah state assembly, Denison. Indiana Funeral Directors’ Association convention, Manufacturers' building, state fairground. Thomas Cobb and Herman Abraham of the English Avenue Boys’ Club and Henry Cherry of the Lauten Club left for Detroit today with William Wertz, Boys’ Club superintendent, to attend the national convention of the Boys’ Club Association. A talk will be given at the Columbia Club Thursday noon to members of the Advertising Club by Frank H. Parks of Joliet, 111., a representative of the GerlachBarklow Company, national advertisers, W. R. Allen, personnel director of L. S. Ayres Company, and T. N. Overly, manager of the Better Business Bureau, will speak before the Foremen’s Club of Indianapolis dinner meeting at Shortridge high school Tuesday night Births Boy* Dennis and Wlnifrieda Sullivan, 1460 Bates. Clarence and Dorothy Griffith, 2134 Clay. Freeman and Lucille Liddle, 2132 West Minnesota. Lawrence and Helen Gilliland. St. Vincent’s hospital. Lindley and Genevieve Clark, Coleman hospital. Theodore and Marie Dettlaff, Coleman hospital. Richard and Margaret Morgan, Coleman hospital. Delbert and Lillian Schreifer. Coleman hospital. Arthur and Esther Smith, Coleman hospital. Girls Brazier and Ruth Pickering. 2612 West Walnut. David and Clara Morton. St. Vincent’s hospital. Jack and Minnie Marx, St. Vincent’s hospital. Charles and Ruth Metzger. St. Vincent's hospital. Leon and Edna Boersig. St. Vincent’s hospital. Ruthoen and Vanieta Hanson, Coleman hospital. Ralph and Anna Metcalf, Coleman hospital. ’ Clayton and Leoda Rayburn. Coleman hospital. Twins Le Roy and Fannie Marshall, 1811 North Arsenal, boys. Deaths Joseph Cravqps, 26 Methodist hospital, acute encephalitis. Minnie West. 59. 1632 Sheldon, acute myocarditis. Hildagarde E. Hubbell, 24. St. Vincent’s hospital, toxemia. Clarence E. Parks. 50. 5353 College, chronic nephritis. Richard Wilmer Abraham. 4. 1033 North Dearborn, acute gastro enteritis. Henry J. Miller, 75, 240 North Summitt, arteriosclerosis. Joseph Pascal McNutt. 14 days Bt. Vincent’s hospital, septicaemia. Esther Coomler, 26. 858 North New Jersey, pulmonary tuberculosis. Vfilliam Johnson. 70. city hospital, cardio vasffular renal disease. Gareld Brosher Lewallen. 2 days, 4121 East Michigan, broncho pneumonia. William Jones. 74. 1206 East Vermont, cerebral hemorrhage. Henry Stumpt, 82, 926 East St. Clair cerebral hemorrhage. Alma Ruskaup. 48. 711 Dorman, carcinoma. Charles W. Hlne. 75. Methodist hospital, arteriosclerosis. Lubertha Bolander, 54. 1138 South Keystone. diabetes mellltus. Benjamin Franklin Mcsier. 56. St. Vincent’s hospital, appendicitis. Peter Wolfe. 39. Long hospital, meningitis. George Edward Switzer. 2. Riley hospital. epilepsy. Herbert Dee Schaub. 2 days. Coleman hospital, cranial hemorrhage. Margaret W. Milligan, 45. Methodist hospital. carcinoma. Neil Florander. 82. 6420 Ferguson, chronic myocarditis.

We Make REAL ESTATE FIRST MORTGAGE LOANS FARMERS TRUST COMPANY 154 East Market Street Riley 4508

Thomson & McKinnon INDIANAPOLIS CHICAGO „ NEW YORK MEMBERS New York Stork Exchange Chicago Stork Exchange New York Cotton Exchange Chicago Board of Trade Now York Corb Aaioclaiion Rooms 200-214 Circle Tower Telephone Lincoln 5561

MAY 19, 1930

(Continued from Page 12) South Grove course, and Sunday took up the duties of acting course manager at Riverside, was amazed by the feat and said in his career he never had heard of such a performance before. Fred Stolte carried off the honors with the “ace” shot. The shot, which is a 151-yard pitch, found a spongy green awaiting the tee poke. Stolte’s shot hit the green, rolled a few feet, and fell inside of the flagstaff. The others were able to pitch their balls onto the green, where they stopped close enough to get them down in one putt each. To our knowledge no one ever hM contended that ‘hole-in-one” shot was not pare luck. They carry with them a great sensation and usually it is tha duffer who scores the "see.” For Instance had Stolte made a par 3 or ordinary 4 on the fourteenth hole, he would have hung up a score of 99 or 100 for the eighteen holes Sunday. As it was, the ace enabled him to score a 97. Harrison had a 93, Arnold an 86 and Ehlert a 90. Those deuces were thrills to that bunch, and such happenings are the magnet to golf. The match scheduled between Riverside club team and Grandview municipal course at Anderson Sunday was postponed. Russell Stonehouse, Riverside pro, will take a team of twenty men to Anderson next Saturday and then come home for a team engagement with Coffin club team at Coffin Sunday. Rain didn’t spoil things at Sarah Shank. The enthusiasm of the member* of the new club was too strong. Thirtyfour took part in a blind par tournament won bv E. McManamon, who hit the nail on the head with a 100 gross. 23 handicap and *7 net. Four tied for second with net 78s. They drew by lot, finishing in the following manner: C. EmharC. second: 51. Helton, third; R. Corey, fourth; and L. Smith, fifth. All won prizes. M. Mclntyre and S. Huber tied for low gross with 87s and drew lot, winning the awards in that order. Joe Hurley, course oanager. tells us that Clayton Sholty is about the best they have down there in the way of a par golf shooter. Clayton seems to do well, however, on Saturday his round being a 76, two over par. He was 111 Sunday and couldn’t get in the tournament. The men’s club, which increased it’s membership to fifty with the tournament Sunday, will meet at the clubhouse Wednesday night at 8. Harry Schopp, who has aided Quigley in the organization work, was delegated by the officer* to arrange team matches with other local municipal course teams. Several South Grove players were unable to play matches in a South Grove-Coffin team engagement, the rain keeping some of the Coffin boys at home. Thirty-four paired up, however, and the Grove team scored an impressive 59-43 victory. The matches were scored one point for each nine and one point on the entire eighteen holes. The players, score they made and points they won follow: COFFIN SOUTH GROVE M. Pollack... 81 0 ID. Mitchell.. 73 3 M. Stone 80 2% G. Peterson.. 82 % B. Wilkinson 79 2 ißurns Mans.. 80 1 J. Kitzmiller 85 2%iEd Dorsett... 89 % J. Riley .... 84 3 Russell Wise. 89 o C. Boswell... 83 ’A! Vaughn King. 83 2% K Trusty... 86 %(B. Weber 85 2% C. Higgs 83 VziOtt Miller 81 2% T. Pottage... 84 2% Geo Bradford 87 % H. B. Smith. 85 1 IHermn Olsen. 83 2 Jack Snow.. 80 2 |L. Sisson 82 1 Carl Smith.. 92 1 jGeo. Hicks.. 90 2 G. Statlandr 91 0 !H. Strlcklan. 87 3 L. Wildley... 86 3 I Art Phelan... 90 0 M. E. Colter 92 2% H. Beniamin. 90 V* Bud Purcell. 89 VaR. Williams.. 84 2% M. Carlisle.. 87 2%1N. Cooke 91 % A. Dunham. 92 2%i3i1l Hicks 93 % R. Wilmoth. 92 I%>R. O’Haver.. 92 1% B. Brav 89 0 C. Mathews.. 84 3 J. Miller... .100 1 L. Cookinghm 93 2 John Blair.. 91 0 IRalph Linder 89 3 Ted Kuhns.. 84 2%;Ken Loucks.. 87 % D. M’Dougil. 99 0 !R. Austrmillr 90 3 Val McLeav. 91 1 iDr. Barnes.. 91 2 J. T. Elliott. 94 1% A. W. Black. 92 1% C. Winter .107 0 Hal Holmes.. 91 3 L. Slinkerd.. 93 %|Geo. Wagner. 89 2% C. Reeves ..114 0 (Geo. Frank .101 3 / Rav Griffin. 91 2%lJohn Wiles.. 99 ’,V H. Cork ....100 % Fred Salge... 98 2’i' D. Swartz... 98 0 I Geo. Salge... 93 3 W. Sanders..lo6 0 Ijack Haves.. 90 3 R. L. Pettit.. 79 3 IW. Chapman 97 0 Total 43 I Total 59 Americans Trail in Golf Tourney Bu T'vitrft prr.99 SUNNINGDALE, England, May 19.—The honorable H. J. Brownlow, with a score of 69 for the first eighteen holes, held the lead in the “golf illustrated” gold vase tournament today. Four members of the United States Walker cup team competed. So did Douglas Fairbanks, motion picture actor, who had an 84. Scores of the American Walker cuppers were: Dr. O. F. Willing of Portland, Ore., 72; George Voigt of New York, 72; George Von Elm of Detroit, 73; Bobby Jones of Atlanta, 75. Jones coasted all the way around. DERBY AT BELMONT Bv United Press NEW YORK, May 19.—Lord Derby will be the guest of honor at Belmont Park this afternoon, and the main event has been christened the Sansovino handicap in his honor. Sansovino once won a derby for his lordship. Jack High, making his first start of the season, probably will go to the post the favorite for the feature race.

Robert K, Tomlinson INVESTMENTS 824-25 Continental Rank Rl/lg. Indianapolis Lla. 0018