Indianapolis Times, Volume 42, Number 13, Indianapolis, Marion County, 26 May 1930 — Page 12

PAGE 12

LIGHT SELLING FAILS TO SEND STOCKS LOWER Good Gains Held by List at Close of Session: Oils Finish Higher.

Average Stock Prices

Average of thirty industrials for Saturday aas 371.33. up 1 32. Average of twenty rails was 145.11. up .66. Average of twenty utilities was 9.92. up .76. Average of forty bonds was 95.21. off .04. Bu I nil fit Press NEW YORK, May 26.—Moderate profit-taking toward the close failed to erase substantial early gains on the Stock Exchange today and prices generally held above their previous closing levels. Trading was quiet. Uniform strength was maintained through the first four hours of trading and attracted moderate selling near the close. Short covering, which was a powerful factor during the fore part of the session, subsided when profit-taking appeared. Notwithstanding the late selling, the market as a whole showed no disposition to reverse the upward trend. Steel Shares Up Various speculative leaders like United States Steel. Westinghouse, General Electric and Union Carbide held good gains, while special buying developed in the petroleum and amusement groups. Radio Corporation. American Can, General Electric and Allied Chemical were also among the higher grade issues to make good gains. Buying of oils converged largely on Standard Oil of New Jersey and Mexican Seaboard, which were little affected by the late profit-taking. Loew's, Inc., and Radio-Keith were strong spots. Failure of General Motors to greatly extend its recent advance caused some disappointment. After moving up fractionally in the early dealings. General Motors slumped to around its previous closing level. Rails Are Qu'et Chrysler was unable to extend its recent advance. Packard and other motors were quiet, while Auburn gained several points. Rails were quiet and little changed. Sentiment in the railroad equipment shares was dampened by another sinking spell in American I,ocomotive.

Banks and Exchange

Indianapolis bank clearings. Mondav. Mav 26. were $3,618,000: debits, 5.581.000. CHICAGO STATEMENT tin United Press CHICAGO. Mav 56.- Bank clearings, $76,500.000; balances. $5,300,000. NEW YORK STATEMENT Bn United Press NEW YORK. Mav 26.—Bank clearings. $575,000,000: clearing house balance. $134.000.000: federal reserve bank credit balance. $123,000,000. TREASURY STATEMENT Bn United Press WASHINGTON. Mav 26.—Ti:c treasurv net balance on Mav 23. was $114,717,249.53; customs receiots for the month to that date totaled $37,848,960.57: government expenditures on Mav 23. were $6,338,781.44.

Investment Trusts

(Bv James T. Hamill Company) —May 24 Bid. Ask. Am Founders (new 17% 18% Basic Industry Shares ? 9% Corporate Trust Shares 9V* 10 Diversified Trust Shares (A>.. 25 ... Diversified Trust Shares <B). 20% 21% Diversified Trust Shares (Ci.. 8% 9% First Investment Corporation. .. UVa Fixed Trust Shares lA) 21% ... Fixed Trust Shares ißi 19 5 ... Investments Trust of N Y... 12 12-'* Feeders of Industry 11% }2% No Am Trust- Shares 9% 10% Power & Light Sec Trust 6o 67 Reybarn tz Cos 13 14% Standard Oil Trust Shares 7 10 S W Straus Inv Units 52 58 Selected Amer Shares 7% 8 Trustee Std Oil Sli B 10% 11** Ts S Elec Pow Shares A 40 V* 42% U S Elec & Power Shares (Bt.. 11% 12%

New York Bank Stocks

—May 24 k Bid. Ask. America 132 134 Bank cf United States .... 64 85 Bankers 163'* 164 -4 Brooklyn Trust B*o B*o Central Hanover 3jo 392 Chase National 168 Ifß% Chatham Phoenix Natl. ... 138% I*o’a Chemical 74% 7^% City National 197% 199 Corn Exchange ?22 % 224 Commercial 525 533 Continental 36*4 37 Empire “% Eouitable }33% ,! First National 5.850 5.950 Guaranty <67 770 Irvinsr 60** 60 7 Manhattan & Cos 135 135% Manufacturers 131 % 133 New York Trust 295 298 Pub’lc 13* 140

in the Stock Market

iß’- Thomson & McKinnon' NEW YORK. May 26.—News pertaining to business this morning is quite colorless. However, in the weekcnd reviews and press comment generally there is a noticeable undertone of cheerfulness. Sentiment seems to be veering more plainly to the constructive view’s. Particularly significant is it that this feeling is shared by conservative ind practical industrialists. While not as definite in predictions as Washington has been, there is no mistaking the fact that they believe trade revival is assured. Just when it may develop, naturally no promise is forthcoming. We may well ask ourselves just what is the basis for this more optimistic sentiment, for certainly no concrete evidence of any change in business has appeared. While business has not receded, we can not say it has expanded particularly. Possibly it is the belief that all the unfavorable angles of trade are known. Perhaps it is the assurance that from business will soon be lifted the uncertainty of legislation. No matter what it is. to witness the action of the stock market the past week, in the absence of any inspiring incentive, we can draw’ but one conclusion and that is resourceful interests. no doubt, calculating upon what is in prospect in the future, are absorbing seasoned and promising securities. Other Livestock Bu United Press TOLEDO 0.. May 36.—Hog*-- Receipt*. 450: market. 10® 15c lower; heavies. $9.75 GIO; mediums. slo® 10.35; vorkers. $9 25? 9.75. ptg*. $9.25*19.75. Cattle—Receipts, tight: market, slow and steady. Calves —Receipts, light; market, stead. Sheep— Receipts, light; market, steady.

Local Wagon Wheat

City grain elevators are paying 98c for Ho 3 red wheat and c for No. 2 hard wheat.

New York Stocks "“(By Thornton Ac McKinnon

—May 26 Railroads— Prev. High. Low. 11:30 clou. Wtchison 227% 226 % 227% 22a 1 . Atl Coast Line.. .. 111% Bait As Ohio ...114% 113’. 114% Chesa Corn ... 70% 70% Chi Grt West 14% Chi N West 82% 82% 82% 83 CRI&P 113% Del LAt W 128% 128% Del Ac Hudson 173 Erie 48% 48% Great Northern #l% Illinois Central 127% Lou Ac Nash 1J5., MKAc T 56% 56% 56% 56% Mo Pacific *4% Mo*Paciflc nfd ... ■ 133 N Y Central ...178% 177% 178, 177% NY N H Ac H... 117% 117% 117% 117% Nor Pacific ... 83 82% 83 82 Norfolk Ac West 238 237 238 ... Pennsylvania .. 79% 78% 78% 78% Readlnc 120% 119% 120% 120 So Pacific • 22 122% Southern Rv 1i3% 113 113% 113 St Paul ' 20% ... St Paul pfd 34 34 Union Pacific 229% Wabash 52% W Maryland ■■■ 32% 32 s West Pacific 24% 23% 23% ... Equipments— Am Car Ac Pd.r.. .. ... -iAm Locomotive.. 60% 60 60 60 Am Steel Fd Am Air Brake S .. ... A Gen Am Tank.. 105% 104% 104% 105* General Elec ... 83% 82% 83% 82 a Gen Rv Bignal ■■■ 94 Man El Sup.. 18%% 18% 18% 17% Pulman 76% 76% 76,2 76 * Westlneh Air B. . 43% 43% 43% ... Westingh Elec ..178% 176% liß/b 176 Firestone"”? 24% 24 24% 24 Fisk 3% 3% Goodrich - ...... 42% 41% 41% 41% Goodyear 85% 83' z 85% 83 u's' Rubber.. 30% 29% 30V?* 29% AuSSfSrr 121% 166 171% 160% Chrysler 37% 37 37* 36 s Oardner ’ % ... Graham Paige.. .. ... General Motors.. 52% 52% 52% 52% Hudson 45% 44 45* 45 i gas * 7®% 7?" 7?% Marmori :::::::. 21% 21 21 20% Nash 41% 41% 41% 41% Packard 17% 17% 17 ,s 17% Pierce-Arrow Studebaker 37% 37% 37% 37 Yellow Truck... 29 28% 28% 28 Motor Access— ~ Bendlx Aviation 44% 42% 43% 42% Borg Warner.... 38% 38 38 37% Briggs 24% 23% 23% 24 Eaton 29% 28% 29% 28% El Storage 8.... 71% 70% 70'% ... Hayes Body .... 11V* 10% 11 Houda 21% 20% 21% 20% Motor Wheel 28% ... Sparks W ... 26% 26% Stewart Warner. 28'i 27% 28% 27% Timken R 011.... 74 73% 74 73 Mining— Am Metals ~ ... 42 Am Smelt 72 71% 72 72% Anaconda Cop.. 61 60% 60% 59% Cal Ac Hecla 1? * Cal Ac Ariz 55 54% 55 54% Cerro de Pasco 55 ... Freeport Texas 48 Great Nor Ore 21% Howe Sound 30% Int Nickel 33% 33% 33% 33% Inspiration 20 19)/* Kennecott Cop.. 47% 47'% 47% 47% Miami Copper 21 % Nev Cons 21% 21% 2i% 21 Texas Gul Sul 60% ... U S Smelt 29 28% 29 28% Oils— A.merada 26% Atl Refining ... 42% 42 42% 42% Barnsdall 26% 26% 26% 26% Beacon ... Houston 98’% 97% 98 Vi 97'% Ind OH 25 '/* 25 Indian Refining 18% 18'% 18% 17 7 % Mex Spd 27% 28% 28% 28 Mid Conti ... 27Vi 27'% Pan-Amer (Bi.. 63'% 63% 63'% ... Phillips 38% 38% 38'% 38'% Pr Oil Ac Gas 45% Pure Oil 23 23 Richfield 22 21 % 22 21% Roval Dutch ... 53% 53'% 53'% 53% Shell Un 21 20% 20% 20% Simms Pt 28'% Sinclair 28% 28'% 28V4 27% Skellv ... ... 34% Standard of Cal 70% 70% 70% 70 Standard of NJ. 78% 77% 78>4 77'% Standard of N Y 36% 36% 36% 36 Texas Cos 58 57% 58 57% Union Oil 45

Steels— Am Roll Mills 74 Bethlehem 96 96% Byers A M 93'% 93',* 93% 92% Cruc Steel ... 77% ... Ludlum 36% 35% 36% 35% Midland 36'% Newton 51% Rcpub 111 5...53 52% 52% 52% U S Steel 173 172 173 172 Vanadium 115 114% 115 113% Tobaccos— Am Sumatra ... ... 16', x Am Tobacco (A) 263 Am Tob (Bi. .268'% 266% 266%. 267% Lig & Myers B 107% 105% 107% 107% Lorillard 25% 25% 25% 25% Reynolds Tob 52% 52% 52% 52% Tob Pr A 11% Tob Pr B ... 4% United Cig 8 7% 7% 7% Utilities— Adams Exp 31% 31 31% 30% Am For Pwr 82 81 81% 80% Am Pwr & Li... 102% 102% 102% 102 AT&T 231% 231’* 231% 232 Col Oas &El .. 83% 82% 83 83% Com & Sou 13 17% 18 18 El Pwr &Li ... 88% 88% 88% 87% Gen Gas A 14% 14 14 14Vi Inti T & T 63% 63% 631 62% Natl Pwr & Li.. 47% 47% 47% 47Vi No Amer Cos .. .. ... 119% 119 Par Gas &El 67% 67% Ser N J ...113% 113% 113% 112% So Cal Edison 64% Std G & El 115% United CorD ... 44% 44% 44% 44% Ut Pwr &LA .. 40% 4040%• 40 West Union ....186% 185% 186% 185'4 Shioning— Am Inti Corp ... 44% 43% 44% 43% United Fruit 91% 91% Foods— Am Sug 61% Armour A ... 6% 6% Can Drv 67% 66% 67% 66% Childs Cos 64% 64% 64% ... Coca Cola 186% 186 186% 186% Cont Baking A. 34 32% 34 31% Corn Prod 107% 106% 107% 106% Cudahv Pkg 43% 41 43% 41% Gen Foods 58% 58% 58% ... Grand Union.... 16% 16 16% 16 Hershev 106 104%. 106 105 Kroger 33% Nat Biscuit 90Vi 90% 90% 90 Pillsbtirv 32% Safeway St .... 95% 94% 95% Std Brands.... 22% 22% 22% 22% Ward Bkg 11 10% Drugs— Cotv Inc 27 26% Lambert Cos loi 100% 100% ... Lehn & Fink 29% Industrials— Am Radiator .. 33% 32% 32% 33% Certalnteed 9% ... Gen Asphalt 57% 57% 57% ... Otis Elev 76 73% 76 75% Indus Chems— AUied Chem 312% 308 312% 306 Com Solv ... 31 30% Union Carb 83% 81%. 83% 80% U S Ind Alco 92 V. Retail Stores— Assoc Drv Gds.. 45% 44% 44% ... Gimbel Bros ... 18% 17% 18 17% Kresge S S 301 30% Mav D Store 51 Mont Ward 43 Pennv J C 67% 66% 66% ... Schulte Ret St 9% 9 Sears R0e....’... ah 1 . 85% 85% 84% Woolworth 63% 62% 63% 63% Amusements— Col Graph 28% 28% 28% 28% Croslev Radio ... 17% 17% Eastman Kod ..241% 239% 241% 238% Fox Film A ... ... 50 s Grigsbv Gru.... 24% 23% 24% 23% Loews Inc 92% 89% 91% 89% Param Fam 68 67% 68 67 Radio Corp 51 % 50% 51% 50% R-K-O 43 41% 42% 41% Schubert 25% 35 Warner Bros ... 64V* 63V* 64's 63% Miscellaneous— ..... Congoleum 15% 15 10% 15 j Am Can 146% 144% 140% 143% Cont Can. 65% 64% 65% 64% Curtiss Wr 10% 10% 10% 10'% Gillette S R.... 86% 86% 86% 86 Real Silk 50% 50% 50% 50% U S Leather A 21 21

In the Air Weathsi conditions in the air at 9 a. m.: South wmd, 5 miles an hour; barometric pressure, 30.33; temperature, 62; ceiling, unlimited; visibility. 10 miles; field good. Makes Jump Record Barney J. Goloski, expert parachute jumper of the Hoosier airport staff, made anew record for jumps Sunday by fulfilling his regular schedule *of two jumps here and then going to Muncie where he made a leap. Goloski jumped here at 2:30 and was taken to Muncie by Roland Stewart of the airport staff by plane, returning in time for another leap on the Hoosier field at 5:30 o’clock. NEAL NEW CHIEF JUDGE Second Division Appellate Court’s Officials Take Places. Judge Noel C. Neal. Noblesville, became chief judge and Judge Elmer Q. Lockyear. Evansville, presiding judge of the second division of the appellate court, with opening of the May term today.

PORKERS OPEN WEEK'S TRADE 15 CENTS DOWN Steady to Lower Tone Felt in Cattle Mart; Sheep Sell Higher. May. Bulk Top Receipts. 19. $10.40® 10.55 $10.55 5.000 20. 10.20® 10.30 10.30 9.000 21. 10.104110.20 10.25 6.000 22. 10:3 10.35 5.000 23. 10.40® 10.50 10.50 5.500 24. 10.404710.50 10.50 4.500 26. 10.40 10.50 6.000 Hogs opened the week's trade at the union stockyards this morning steady to 15 cents lower. The bulk, 160 to 240 pounds, sold for $10.40, top price paid was $10.50. Receipts were estimated at 6,000, holdovers were 233. Slaughter classes were about steady in th cattle market, receipts were 400. Veals sold steady to 50 cents lower, most sales at sll down. A few went at $11.50. Calf receipts were 500. Sheep were strong to 50 cents higher, receipts were 200. Spring lambs brought sl3 down. Chicago hog receipts were 55,000, including 25,000 direct. Holdovers were 2,000. Today’s market held slow with a few early sales 10 cents lower than Saturday's average; choice 190 to 210 pound weights selling at $10.30; 220 to 230 pound weights $10.20 to $10.25. Cattle receipts were 21,000, sheep 10,000.

—Hogs— Receipts. 6.000: market, lower. Heavies. 300 lbs. up $ 9.75@>10.10 250-300 lbs 10.254110.40 Med. wts.. 25-250 lbs 10.404710.45 200-225 lbs 10.404i 10.50 Light wts.. 160-200 lbs [email protected] 130-160 lbs 10.0047 10.25 90-130 lbs 9.0047) 9.75 Packing sows 8.50® 9.50 -CattleReceipts. 400: market, steady. Beef steers. 1.100-1,500 lbs. good and choice sll.oo® 13.25 Common and medium [email protected] Beef steers, 1,100 lbs. down. good and choice [email protected] Common and medium [email protected] Heifers. 850 lbs. down, good and choice 10.50ff112.00 Common and medium 6.004510.50 Cows, good and choice B.oo® 9.50 Common and medium 6.00® 8.00 Lower cutter and cutter 4.25@ 6.00 Stocker and feeder steers, good and choice 8.50011.50 Common and medium 5.50® 8.50 —Vealers— Receipts. 500; market, lower. Medium and choice $ 9.00(511.00 Cull and common 7.00® 9.00 -SheepReceipts. 200: market, higher. (Shorn Basis). Lambs, good and choice $ 8.50® 9.50 Common and medium 7.004/) 8.50 Springs lambs 10.00® 13.00 Ewes, medium to choice 4.00® 5.50 Cull and common 2.00® 4.00 Other Livestock Bu United Press CHICAGO. May 26.—Hogs—Receipts. 55,000, including 22,000 direct: mostly 5® 10c lower than Friday’s average; top, $10.40, paid for a load of 200-lb. weights; bulk 160-300-lb. weights. $104510.30; butchers, medium to choice. 250-350 lbs., $9.654510.15; 200-250 lbs., [email protected]; 160200 lbs.. [email protected]: 130-160 lbs.. $9.6545} 10.35; packing sows. [email protected]; pigs, medium to choice, 90-130 lbs., $945 10. Cattle Receipts. 21.000; calves. 2.000; very little done on early rounds, bidding considerably lower: few early sales weak to 25c off; largely a steer and yearling run; plainer kinds scarce, best earlier $13.25, some held around sl4; bulls 10®)15c lower; . best sausage bulls around $7.75; slaughter classes, steers, good and choice, 1.300-1.500 lbs.. $12.25®T4.50; 1,100-1,300 lbs., $11.75® 14.25; 950-1.100 lbs.. $11.504514; common and medium. 850 lbs. up, $8: yearlings, good and choice, 750-950 lbs., $11.50® 13.50; heifers, good and choice 850 lbs. down. $104512; common and medium, $745) 10; cows, good and choice. $845 10; common and medium. $6.5045 8; low cutter and cutter. $4.75456.50; bulls, good and choice beef, $7,754/9; cutter to medium, $6.75@ 7.85; vealers. milk fed. good and choice, $10.504513; medium. $3.50®10.50: cull and common. $64/8.50; Stockers and feeders, steers, good and choice, all weights. $9.75 @10.75: common and medium. $7.50®9.75. Sheep—Receipts, 10.000; market around 25c lower: native springer lambs mostly 50c up; shorn lambs. [email protected]; best held around $10.50; native springers, [email protected]; fta ewes steady at 55®0.50: slaughter classes, spring lambs, good and choice. $11,504/12.50; medium. $1045)11.50; cull and common. s9® 1C; lambs, good and choice, 92 lbs. down. $9,504/16.50; medium, sß.7s®' 9.60: cull and common. [email protected]; medium to choice. 92-100 lbs. down. $8.5045 10.25: ewes, medium to choice, 150 lbs. down, s4® 5.75; cull and common, $1.75®;4.25. Bil United Press EAST ST. LOUIS. 111., May 26.—Hogs— Receipts. 16.500; market, s@loc lower: bulk. 160-260 lbs.. [email protected]; top. $10.30; most sows. $947.9.25. Cattle—Receipts, 4,000: calves, receipts 2,000; market, few steers and heifers steady; otherwise lower undertone prevailing; packers acting bearish toward all cows: medium bulls steady at $7.75 down; vealers 25c lower at $11.75. Sheep—Receipts. 2,000; market, spring lambs strong to 25c higher; clipped lambs and sheep steady; spring lambs, sll® 11.50 to packers; medium to good clipped lambs. $9. Bu United Press CLEVELAND, May 26.—Hogs—Receipts, 3,600; holdovers none, steady, spots 5c higher; top on 150-210 lbs.. $10.75; comparable 220-250 lbs. $10.65; good and choice. 220-250 lbs., $10.50; desirable pigs, $10.25; rough sows. $8.75: stags, $6.75. Cattle—Receipts 650: steers steady; cows and bulls scarce, unevenly higher; common to light steers. $9 4c 10.75; common to good cows, $74(9; cutter grades mostly $5,504/ 6.50. Receipts. 1,100; active, strong, spots 50c higher; better grades $12.50® 13. medium kinds around $10.50® 11.50. only cuds as low as $9. Sheep—Receipts. 1,700: lambs active, 50®>75c or more higher; better grades $10.25@;i0.65; strictly choice Quoted sll or above, sheep strong. Market closed Friday, open Saturday. Bu United Press ’ PITTSBURGH. Pa., May 25.—Hogs—Receipts, 4,000; market, steady 5c lower; 150210 lbs.. slo.Bo® 10.55: 220-250 lbs., $10.50® 10.75; heavier hogs, $10,254/ 10.50; 100-140 lbs.. $lO4/ 10.50: sows. $8.50@9. Cattle—Receipts, 750; market, steady to strong; spot unevenly higher: bulk steers, $104; 12; good medium weights. sß® 9.25. Calves—Receipts, 1.600; market, .steady: good and choice vealers. sll4/12. Sheep—Receipts 2,500; market steady to 50c higher; advance on clipped lambs’ bulk, [email protected]: springers, Sll@i3; choice shorn aged wethers, $6.00. Bu United Press . CINCINNATI, May 26.—Hogs—Receipts, a.350: including 2,550 direct: held over, none: steady; bulk, good and choice. 170230 lbs., $10.50® 10.60: heavy hogs, scarce: few 260-300 lbs., [email protected]; light lights and pigs. 120-150 lbs., S10; light pigs. 90110 pounds. $8.75®9.50: bulk sows. $8.75® 9. Cattle-*-Recelpts. 1.000. Calves —Receipts. 300: uneven, backward, light yearlings. cows and bulls steady; steers and heavy heifers, slow; weak to 25c lower; good 600-700-pound heifers, sll4/11.50; medium apd lower grades, $lO down; plain steers. $10.50: good steers to sell above sll scarce: beef cows. s7@B: few, $8.50; low cutters and cutters, $54/6.50; bulk bulls, $6.50® 7.75: odd head up to $8.25: vealers. close 50c to $1 under Friday’s best time; practical top. $11; bulk, under grades, SB® 9.50: heavy vealers neglected. Sheep—Receipts. 350; springers, opened steadv to higher; closing steady to weak; eariv sales st rictly choice. 70-75-lb. lambs up to sl3 or better: practical top on close. $12.20: medium mostly $lO or less: culls. $8 down: bucks. $lO©U; few, $11.50; sheep, steadv; best fat ewes, $5.

Ftu Times Special LOUISVILLE. Mav 26.—Hogs—Receipts. I. market, steady; 300 lbs. up. $8.65; 225-300 lbs.. $9.70: 165-225 lbs.. $10.30: 130165 lbs.. $9.50: 130 lbs. down. $7.50; roughs, *6.95: stags. *6.35. Cattle—Receipts. 700; market, steady; prime heavy steers. slo*o 11. heavy shipoing steers. s9.so'<i 10.50; medium and plain steers. $8.50g.9.50; fat heifers. *7.50*111: good to choice. $6.50*2 8.50: medium to good cows. [email protected]; cutters. $5*15.50: canners. *3.50*74.50: bulls. $6418: feeders. *8*110.75: Stockers. *7.50*2 11. Calves—Receipts, 1.000; market. 50c lower: tops. *9.50: gold to choice. *7.50'.i 9.50; medium to good, s6fi 7.50: outs, *5.50 down. Sheep—Receipts. 1.000: top lambs, 25 cents higher: other steady; ewes and wether lambs. $12.25: buck lambs. $11.35: seconds and fed lambs. $7*17.50: clipped sheen. *4*ls. Saturdays and Sunday shipments: Cattle, none; calves, 492; hogs. 133; sheep. 474. Bu United Press EAST BUFFALO. N. Y.. May 26.—Hogs —Receipts. 7.300: holdovers, 100; market, generally 5*710c lower: bulk. 120-230 lbs.. *10.75® 10.85; few choice lights. *10.90: 240279 lbs.. $10.50® 10.75: 270 lbs. up. SlOff--10.50: oackine sows steady at *9*t9.50. Cattle—Receipts 1.400; fed steers and yearlings steady to 25c higher: heifers scarce: strong bulls and fat cows. 25c higher; low cutters and cutters cows steady: good steers and yearlings mostly sll and sl2: a load of long yearlings. *l2 25 odd lot. *12.50: few heifers. *9.50® 10 50: fat cows. $7*18.25: cutter grades, $3.50 w 8: medium culls. $7 50® 8. Calves— Receipts. 1*700; active, fullv steady; good to choice vealers. $12.50. to mostly. sl3: common and medium. *B® 11. Sheep—Receipts. 3,200: active: shorn old crop lambs 25*> 50c hither: better grades largely. M0.75® 11.25: common and medium *B.so*i 10: springers. Jsc higher, ovetitv congood to choice arotmd 70 lbs., $13.50; fat ewes 50c higher at $6 down.

THE INDIANAPOLIS TIMES

Business — and — Finance

Bu Ignited Press CHICAGO, May 24, Sears-Roe-buck & Co.’s business fell off 6.1 per cent in the fifth period this year compared with the fifth period of 1929. The fifth period began on April 24, and ended on May 23. Saturday’s report says that in the same period last year the company's business amounted to $32,693,853. This year the fifth period total was $30,685,991, a decrease of $2,007,862, or 6.1 per cent. * In the first five period last year Sears-Roebuck's business totaled $144,179,104 as against $140,800,870 in the first five periods this year, a decrease of $3,378,234 or 2.3 per cent. At a meeting of the board of directors of Chatham Phenix Allied Corporation, a dividend of 50 cents per share was declared, payable July 1. to stockholders- of record June 16. This is the first dividend declared bv the company and Is payable out of current income from Investments. Total earnings of the company from beginning of operations. Oct. 8. 1929 to Mav 21, 1930. after deducting expenses and all reserves for taxes, amounted to $2,081,271.83. The liquidating value of the stock on March 31 amounted to $26.49 per share, an increase of $1.49 per share over the price received at the time of the offering on Oct. 8, 1929. Internationa! Railways of Central America reports for April gros- revenues of $729,139. as compered with $819,303 in April. 1939. Operating expenses and taxes totaled $369,930. as against $408,115 last vear. Income applicable to fixed charges amounted to $359,209 as against $411,188 last year. Shareholders of the Anglo-Oriental Mining Corporation. Ltd., at an extraordinary meeting held after the annual general meeting in London, unanimously approved an increase of $350,000 in the company's authorized ordinary capital, bringing the total capital from £1,500,000 to £1.750.000. The new stock which will be offered to shareholders In the form of five-shilling shares ranking pari passu with existing ordinary shares, will be used to finance important deals now under neg"t%tion. CHICAGO. May 26.—Directors of the Borg-Warner Corporation declared a quarterly dividend of 75 cents a share on the common stock placing the Issue on an annual dividend basis of $3 a share, as compared with the previous $4 annual rate. There was also declared the regular quarterly dividend of $1.75 per share on the preferred stock. Both dividends are payable July I, to stockholders of record, June 16.

16 CONTRACTS AREAWARDED Sewer, Sidewalk and Paving Work Is Ordered. Sixteen public improvements costing $37,000 were begun today following award of contracts by the board of works. Contracts awarded: Fourteenth street. Missouri to Mill street, concrete paving. Abel Brothers. $3,146: Trowbridge street. English avenue to Hoyt avenue, grading and curbing. John Arnolds. $1,800: Stanley avenue. Southern avenue to Nelson street, grading and curbing. Standard Paving Company, $1,400: Villa avenue, Raymond to Finley avenue, grading and curb. Standard Paving Company. $5,387; Twenty-Seventh from Ethel avenue to Northwestern avenue, cement walks. Schwert Brothers. $1,300: alley west of Mount street. Eleventh to Twelfth. R. M. Bowen Company, concrete paving. $3,475; Webster avenue, east side. Beechwood avenue to point 473 feet south, walks. Schwert Brothers, $744; Trowbridge. English avenue to Hoyt, cement walks. John Arnolds. $1,700: first alley south of Congress avneue. Barnes to Elmira, concrete paving. Schwert Brothers, $2,600: alley south of Morris. Leonard to first alley east, concrete paving. Abel Brothers. $1,400; alley east of Manker street. Nelson to Yoke street, concrete paving. Abel Brothers. $2,700: Denny street. Thirty-fifth street to Thirty-Sixth street, local sewer. Columbia Construction Company, $1,800; Denny. Thirty-Eighth to Thirty-Sixth street, local sewer. Columbia Construction Company. $2,800: Sherman drive. ThirtyFourth to Irvin road, local sewer. Columbia Construction Company. $2,047: Keystone avenue. Thirty-sixth to Thirty-eighth street, local sewer. J. H. King & Cos.. $2,700: Gimber street. Allen avenue to Stanley avenue, local sewer, J. H. King & Cos.. $1,900.

INDIANA LAW SCHOOL PROGRAM WEDNESDAY Commencement Exercise Slatea: Hold Dance at Club Thursday. Commencement exercises for graduates of the Indiana Law school will be held at the Indiana Pythiai building at 8 Wednesday night. The first, annual school dance honoring graduates is to be held at the Pleasant Run Country Club in Irvington Thursday night under sponsorship of Sigma Delta Kappa, legal fraternity. The second event during her sixty-third year was the trip of her son, the prince of Wales, to Africa. Like any mother, she imagined all kinds of dangers into which he would run, and her concern when it was learned that he was ill with malara was evident. His safe return to England was another bright spot for the queen. Another event is the approaching birth of another grandchild. The king and queen already have three —Princess Mary's two sons, and the duke and duchess of York’s baby, Princess Elizabeth. Now the duchess has cancelled all her engagements for this summer, which is taken as an indication that another heir is expected.

INDIANA BANDS SCORE Hammond Third in Class A Group; Hobart Third in Class B. Bn United Press FLINT, Mich., May 26.—The cup emblematic of the high school national band Class A championship was held by the 120-piece Nicholas Senn High School band of Chicago today, for the second year. Joliet was second and Hammond (Ind.) third. Hobart, Ind., carried away first honors in the Class B division with Lansing, Mich., second. INJURED IN COLLISION City Father and Son Hart in Car Crash Near Martinsville. Frank Faust. 68. of Beech Grove, was injured when the car driven by his son, Carl Faust, 2103 South Delaware street, figured in au automobile collision near Martinsville Sunday. The son, injured, was brought home while Faust was taken to a Martinsville hospital. His condition is not serious.

STRONG CABLES SEND FUTURES MARKETHIGHER Crop Reports, Heavy Short Covering Are Responsible for Upturn. , Bu United Press CHICAGO, May 26—Wheat closed sharply higher on the Board of Trade today after advancing rapidly during the day. Higher foreign cables, larger clearances from this country and Canada together with reports from the northwest that high winds were drying out the soil in the northwest and Canada caused heavy short covering by eastern interests and brought about the upturn. Corn moved up briskly with wheat, but oats gained only a minor fraction. At the close wheat was 1% to 2% cents higher, corn was 1% to 1% cents higher and oats was % to % cent higher. Provisions were firm. Maintaining its strength to the close, Liverpool was 1% to 1% cent higher. Buenos Aires was % cent higher, just before noon. While there were no figures available on export trade, there was a much better feeling in the cables and evidences that foreigners are getting nervous of the short supplies abroad. Cash prices were % to % cent higher. (Receipts w?re 23 cars. Corn gained nearly 1 cent with wheat and held its gain near midsession. The advance was held in check by the larger receipts over the week-end and the expected continuance of the movement. Cash interests reported some sales to the east over Sunday. Cash prices were V* cent higher. Receipts were 304 cars. Oats participated in the strength in major grains, but only fractionally and at mid-morning was unchanged to a minor fraction higher. Receipts were the largest in a long time, 262 cars. Cash prices were 14 to 1 cent lower.

Chicago Grain Table —May 26 WHEAT— Prev. Open. High. Low. Close. Close. May.. 1.05% 1.07% 1.05'% 1.07% 1.04% July ..1.06 1.08% 1.06 1.08 1.05% Sept.. 108% 1.10% 1.08% I.lo'* 1.08% Dec... 1.13% 1.15 1.14% 1.14% 1.12% CORN— May.. .78 .79 .78 .79 .77% July.. .79'% .81% .79% .80% .79% Sept.. .80% .82% .80% .82 .80% Dec... .74% .76% .74% .75% .74'% OATS— May.. .41 .41'% .40% .41% .41 July.. .39% .40 .39% .40 .39% Sept.. .38% .39% .38% .39% .38% Dec.. .42 .42'/* .42 .42% .41% RYE— July.. .63% .63'% .63 .63% .62 Sept.. .66'/* .67% .66% .67'% .66 Dec.. .70% .72 .70% .72 .69% LARDMav. 10.17 10.17 10.15 July. 10.22 10.22 10.22 Sept. 10.45 10.45 10.45 BELLIES— May. 14.20 14.20 14.00 July. 13.55 13.55 13.52 Sept. 13.55 13.55 13.52 Bu Times Xnrrinl CHICAGO. Mav 26.—Carlots: Wheat, 55; corn, 218; oats. 102, and barley, 3. Bu United Press TOLEDO. 0.. May 26.—Grain close; Wheat —No. 2. red. $1.13® 1.14. Corn—No. 3 yellow. 83®84%c. Oats—No. 2 white. 46'%® 48'%c. Rye—Nd. 2. 80c. Barley—No. 2,62 c. Clover—Domestic, cash new $11.75; prime choice. sl2: October. $12.60; December. $12.80. Alsyfce—Cash. sll. Butter —Fancy creamery, 37® 38c. Eggs—Country run, 18@20c. Hay—Timothy, $1.25 cwt. Bu T'nitrd Prrss CHICAGO. May 26.—Cash grain close: Wheat—No. 2 yellow, hard. $1.07; (ample grade yellow, hard. 92c; No. 2 northern, $1.04; No. 2 mixed. $1.04%. Corn—No. 2 mixed, 79%®79%c; No. 3 mixed, 78'%@ 78%c: No. 1 vellow, 80@80%c; No. 2 yellow. 79%@80'4c: No. 3 yellow. 78'%®79%c; No. 4 yellow. 77®79c; No. 5 yellow. 76c; No. 6 yellow. 71®76c; No. white, 82%c; No. 2 white, 82c; No. 3 white. 81'%c: No. 5 white. 78%c: sample grade, 70c. Oats—No. 2 white. 41@41'%c; No. 3 white. 39%®) 40%c; No. 4 white, 38@39V*c. Rye—None. Barley—sl®;sß%c. Timothy Clover— slo® 17.50.

Produce Markets

Eggs <countrv rum—Loss off delivered in Indianapolis. I7c: henery quality. No. 1 20c: No. 2. 15c. „ . .. Poultrv (Duylng prices)—Hens, weighing 4% lbs. or over. 20c: under 4% lbs.. 20c; Leghorn hens. 17c: springers. 4 lbs., or over 27c; under 4 lbs.. 21c: broilers, 1930 25c: old cocks. 12@15c: ducks, ful! feathered, fat. whites. 12c; geese. 10c. These prices are for No. 1 top quality auoted bv Kinean & Cos. Butter (wholesale)—No. 1. 36@37c; No. 2. 34® 35c. Butterfat—32c. Clieese <whoiesaie selling price per pound) American loaf. 31c: pimento loaf. 32c; Wisconsin firsts. 27c. Longhorns 34c New York limberger. 36c. Bv United Press CHICAGO. May 26.—Eggs—Market unsettled: receipts. 39,106 cases; extra firsts, 21'/>®22c; firsts, 20%@21c; ordinaries. 18 ®lß%c; seconds. I7c. Butter—Market unsettled: receipts. 23.446 tubs; extras. 31%c; extra firsts. 30@30%c: firsts. 28@29c; seconds. 26@27%c: standards, 31%c. Poultry —Market firmer; receipts. 4 cars; fowls, 21c; springers. 25c; Leghorns. 18c; ducks, 15c; geese. 12c; turkeys. 20c: roosters, 14c; broilers. 30®38c. Cheese—Twins. 17%®; 17%c: voung Americas. 19c. Potatoes—On track. 309; arrivals. 192: shipments. 959; market, old stock, dull; Wisconsin sacked round whites. $2.50® 2.75; Idaho sacked russets. $3.45® 3.65; new stock. about steadv: southern sacked bliss triumphs, [email protected]. Bu United Press NEW YORK. May 26.—Flour—Quiet and steady; spring patents $5.85®.6.20. PorkQuiet; mess. $32. Lard—Firm: middle west spot. $10.60® 10.70. Tallow—Steady: special to extra. 5%@6. Potatoes—Dull and weak; Long Island. $2®4.50: southern, 2.50® 7; Maine. s4® 5.25. Sweet potatoes— Quiet: jersey, baskets, 50c®$3. Dressed poultry—Steadv to firm: turkeys. 25®43c; chickens. 17® 40c: capons. 30® 45c; fowls, 15@28c; ducks. Long Island. 19®20c., Live poultry—Dull: geese. 12® 14c; ducks, 14®i 23c: fowls. 25@28c: turkeys, 15@25c; roosters. 18c; broilers. 15®45c. Cheese Easy; state whole milk, fancy to special, 24®26c; young Americas, 19%@25c. Bu United Press CLEVELAND. 0.. May 26.—ButterExtras. 36c: extra firsts. 36c. Eggs—Extras. 21'%c: firsts. 21c. Poultry—Fowls. 24 @2sc; medium. 24® 25c: Leghorn. 20® 21c; .leavy springers. 35@40c: Leghorn springers 25® 32c; ducks. 15®22c; old cocks. 12 ®l4c: geese. slo® 15c. Potatoes—New York. $4.15 per 150 lb. sack: Maine Greerf Mountain. $4.35 per 150 lb. sack; Michigan, $4.40 per 150 lb. sack.

Bu United Press CINCINNATI. May 26.—Butter—Lower; creamery In tub lots, according to score. 30*?33c: common score discounted 2*/3c; packing stock Ho. 1. 25c: No. 2. 16c; No. 3. 12c: butterfat. 30*>.32c. Eggs—Steady; cases included: Fresh gathered. 20',ac: firsts. 19Vic: seconds. 17c; nearby ingraded. 19c. Live poultry—Thin and coarse stock sells only at heavy discount; fowls. 5 lbs. and over, 20c: 4 lbs. and over. 23c: 3 lbs. and over. 23c: Leghorns. 3 lbs. and over. 19c; roosters. 12c; broilers, colored, over 2 lbs.. 38c; broilers. IVi lbs. and over. 31c: l'/4 lbs. and over. 30c: Leghorn and Orpington broilers, l'i lbs. and over. 32c; Vi lbs. and over. 26c: broilers, partly feathered. 245.26 c: black springers. 24c. PEORIA JUMPS INTO 100,000-CITY CLASS Census Figures Show Advances of 76,121 in 10-Year Period. Btr United Press WASHINGTON, May 26.—Peoria, 111., moved up among cities of the 100,000 class during the last ten years, according to preliminary returns filed with the census bureau today. Advancing 28.667. Peoria increased from 76, 121 in 1920 to 104,738 on April 1. Urbana. 111., registered a 2.814 gain during the decade increasing to 13.058. while Cairo, HI., lost 1,678, reporting a count of 13,525. NEW YORK COFFEE RANGE —May 24High. Low. Close. March ... 7.61 May 7.50 7.44 7.44 July 8,25 6.18 3.21

Dow-Jtmes Summary

Special meeting of stockholders of Foker Aircraft Corporation of America called for June 18. to vote on plan of directors incr-'slng no-par common to 5,000.000 shares from 1.000.000 and changing name to General Aviation Corporation. Recently formed Dornier Company manufacturer of flying boats expected to become wholly owned subsidiary of General Aviation. Bendlx Aviation Corporation has purchased control of Charles Cory A: Son Corporation, manufacturers of Marine eauipment. Fisher’s wholesale commodity price Index for week ended May 23. at 88.4 against 88.7 at end of .preceeding week. Pan-American Petroleum and Transoort 1939 earnings were $3.93 a combined, common and common B share against $3 a combined share in 1938. Westinghouse Electric gets $500,000 order for four express passenger locomotives from Chilean State railways. Owens Illinois Glass Company has a^ HARRISON QUITS RAIN BABY CASE Attorney ‘Not in Sympathy With Heroine Move.’ Proposing no sympathy with “the movement to make a heroine” of Mrs. Sally Marie Breedlove of Bloomington, Ind., mother of the Indianapolis “rain baby,” attorney Russell B. Harrison today withdrew as counsel for the mother in juvenile court. Mrs. Breedlove will be tried Wednesday on charges of child neglect for her abandonment of the child on a country road near Indianapolis. April 28. Harrison’s withdrawal, his motion said, was “on account of the character of information obtained from Bloomington and for the further reason I am not in sympathy with the movement to make a heroine of the defendant by raising a heroine fund.” Miss Bess Robins was appointed by the Indianapolis Bar Association to aid the mother. She announced recently the receipt of an anonymous gift of $2,000 for the care of Mrs. Breedlove and the baby. Another unnamed donor previously had placed S2OO in the bank to Mrs. Breedlove’s credit.

On Commission Row

FRUITS Apples—Basket: Baldwin. *[email protected]: Stayman. s2®3; Winesaps. $3.25: Northern Spy. $2.25; Ben Davis. $2.25. Boxes: Delicious. $4®>4.50: Stayman. [email protected]: Winesaps. [email protected]. Barrels; Baldwin. s6® 6.50; Ben Davis. $5.59; Winesaps. $7(5; 8.50. Grapefruit—Florida, s6@7 a crate. Grapes—California Emperor, kegs. $5.50. Lemons—Fancy California. [email protected]: imported. Messina. [email protected]. Limes—Florida. $2.50@3 a 100: Dominican. $3.50. „ „ ~ Oranges—Florida. [email protected]: California, naval. $5(39 a crate: Valencia. $6.25@8 a crate. Pineapples—Cuban. $4.25 a crate. Strawberries —Alabama. 24-quart crate. $5<@5.50. * „ Pears—Avocado. California. $7 a dozen; D'Anjou. $4.75(5>5 a box. VEGETABLES Artichokes—California. *1.25 a down. 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%@7c a pound. Carrots—California. 33 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@2 a dozen. Kale—Eastern. $1.25 a bushel. Lettuce—California Iceberg. $4.50@5 a crate: hothouse. sl.w 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 vellow 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 ! b. 25 a 150-pound bag: Colorado Russets. $4.50 a 100-pouno bag: Red River Early Ohios, [email protected] 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 26Bid. Ask. Amer Central Life Ins C 0.... 1,000 Belt R R & Yds Cos com 61 63% •Belt R R & S Yds Cos pfd.. 66 60 Bobbs-Merrill Cos 30 33% ‘Central Ind Pow Cos pfd. 90 94 Circle Theater Cos com 105% ... Citizens Gas 27 Citizens Gas pfd 96 100 Commonwealth L Cos pf 7%... 97 102 •Commonwealth L Cos pf 8%.. 98 Hook Drug Cos com new 24 26 Ind Hotel Cos Clay pool com.. 125 Indiana Hotel Cos pref 101 105 Indiana Service Corp pref 86 Indianapolis Gas Cos common.. 57 61 Xndpls Power & Lt Cos pfd....104% 106 Indpls Pub Wev Loan As com.. 53 Indpls St Ry Cos pfd 10 Indianapolis Water Cos pfd 99 100 •Interstate U S Cos pr 6% L pf 89 93 •Northern Ind Pub 7% co pfd.. 107 Metro Loan Cos 98% ... •Northern Ind P 5%% co pfd 91*/* 94% •Northern Ind Pub 6% co pfd. 99 102% •Northern Ind Pub 7% co pfd. 106 Progreso Laundry Cos c0m.... 46 48V* S Rauh & Sons Fer Cos pfd Real Silk Hosiery M Inc pfd.. 96 Shareholders Investors C 0.... 24% ... Standard Oil Cos of Ind 54% ... T H I & E pfd 10 •Terre Haute Trac L Cos pfd. 75 Union Title Cos common 43 48*/* Van Camp Prod Cos Ist pfd. .. 98 Van Camp Prod Cos 2nd pfd. .. 98 •Ex-Dividend. —Bonds— Belt R R & Stock Cos 5s 91 Broad Ripple 32 ... Central Indiana Gas Cos 55... 99 Central Ind Power Cos 6s 98Vi Citizens Gas Cos 5s 102 103 Citizens Street Railroad 5s 40 Gary St Rv Ist 5s 65 ... Home T & T of Ft Wayne 6s. 101% ... Ind Northern Trac Cos 3 5 Ind Rv & Light Cos 6s 93 Indiana Service Corpn 5s .... 88 Indpls Power & Light Cos 55.. 99% 100 Indiana Union Trac Cos 55.... 7 Indpls Col & Cos Trac 65.... 94 99 Indianapolis Gas Cos 5s 99% ... Indpls & Mart Rapid T Cos 5s Indpls No Trac Cos 5s 10 Tndpls North Western Cos Indpls Street Ry 4s 32 ... Indpls Trac Ter Cos 55......... 80 Indpls Union Ry 6s 100% . Indpls Water Cos 5%s 102 103% Indpls Water Cos 5s 98% ... Indpls Water Cos lieu & ref... 92% 94V* Indpls Water 4%s ..... 93% ... Tndpls Water W Sec Cos 5s .. 85 Interstate Pub Serv Cos 4%5.. 84% ... 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 97V* 100 T H Ind & East '*t;ac Cos 55.. 64 T H Trac Light Cos 5s Union Trac of Ind Cos 6s .... 17% ... —Sale s Belt R R & Yds Cos com 20 shares at.. 61 Belt R R & Yds Cos com 2 shares at... 60 Marriage Licenses Leon A. Mongeotte, 27. of 226 East Tenth, clerk, and Pans’* M. Miller. 18. of 315 East Tenth. William A. Spurgeon. 32. of 5498 Brookville road, salesman, and Opal M. Tavlor. 18. of 5633 Greenfield. Charles E. Miller. 24 1126 Congress, artist, and Alma E. Ferniding. 22. of 1662 South Delaware, stenographer. J*hn H. Johnson. 49. of 448 South Keystone, clerk, and Emma K. Lagler. 40. of 29 North Wolcott. Fred A. Goodwin. 42. of Mattoon, HI., dispatcher, and Ethel G. Watson. 35. of 49 Cossell drive, clerk. Virgil Covey. 27. of 5602 East Michigan. clerk, and Orpha F. Rollings. 23. of 121 North Sheffield, clerk. Elwood J Meredith. 28. of City hospital. physician, and Helen B. Shugert. 24. of 1106 Parker, nurse. Charles D. Babcock. 31. of 510 North Meridian, lawyer, and Helen H. Horegin. 30. of 2834 North Pennsylvania, secretary. Bus Petition Filed Petition of the Eastern Grayhound Lines, Inc., for permission to cross northern Indiana with busses operating between Chicago and Cleveland, was filed with the public service commission today.

quired manufacturing properties of Ber-nev-Band Glass Company, manufacturers of milk bodes. Stocks' of Crude Rubber at London. May 24. 76.953 tons, increase 21 tons from preceding week. Mexican Petroleum Company and subsidiary companies 1939 earnings wero sll.lß a common share against $18.03 a share in 1938. Missouri-Kansas-Texas Railway Company declared twb regular quarterly preferred A dividends of *1.75 each, payable Sept. 30 and Dec. 31. record Sept. 5 and Dec. 5. respectively. California Crude Oil output in week ended Mav 24. averaged 615.400 batrels. a decrease of 17.800 barrels from previous week, according to California Oil World. Preaident Farrell of United States Corporation states gradual improvement in business already taking place—anticipates substantial increase throughout year. President Hoover returning to Washington Sunday effects agree. cent with congressional leaders on compromise flexible tariff pr-j-ision. .Complete report to be taken up bv senate tomorrow. Warner Brothers Pictures. Inc., to spend S2O 000.000 for feature and short pictures during 1930-31 season. First National Pictures to spend $17,000,000. Hamilton-Brown Shoe Company withdraws opposition to application for receivership and joins In petition for appointment of a receiver. New answer admits obligations past due that creditors threaten to sue and that company unable to obtain money to meet obligations. St. Louis Southwestern System April net income was *73.10 after taxes and charges against *34,865 in April. 193. Four months net loss. 59.837 after taxes and charges against net income of $140.913 in first four months of 1939. International Hvdro-Electric system April output was 347.170.000 increase of 13 per cent over April. 1929. Four months output was 1.357.362.000. increase of 10 per cent over 1929 period. LONDON—New York cables opened at $4.85 15-16 against $4.86 1-16. Paris checks 123.94. Amsterdam 12.085. Italy 92.745. Berlin 20.365.

The City in Brief

TUESDAY EVENTS Rotary Club luncheon. Clay pool. Gyro Club luncheon. Spink-Arms. Mecator Club luncheon, Columbia Club. Indianapolis Architectural Club luncheon. Y. W. C. A. Purchasing Agents Association luncheon, Severin. American Chemicai Society luncheon. Chamber of Commerce. Universal Club luncheon, Columbia Club. University of Michigan Alumni luncheon, Lincoln. North Side Exchange Club luncheon. 3810 College avenue. Alliance FrancaiSe luncheon, SpinkArms. Indianapolis Medical Society meeting, 8 p. m., Athenaeum. George S. Wainwrigrht, 3906 Washington boulevard, for the last thirtyfive years a representative of the Prudential Insurance Company of America, was recently honored by being elevated to Class G of the Prudential Old Guard, an organization instituted by the founder of the company. Wainwright has been superintendent of the Indianapolis district since 1919. Memorial services will be held by Center camp, Royal Neighbors of America, Wednesday night at the Red Men’s hall, Capitol and North streets. Mayor Reginald H. Sullivan will speak at the last Fellowship dinner at Northwood Christian church Thursday night. The Rev. T. W. Grafton, pastor, and Dr. George Wood, chairman of the board, will conduct a special devotional service. Henry Adleman, Terre Haute, is new president of Aleph Zadik Alep fraternity. Delegates from five state chapters attended the convention Sunday at Kirshbaum community center. Sam Rabin, Indianapolis, was named vice-president. Leonard Pettit, 26, of 5251 Burgess avenue, Shell filling station attendant at 5400 Southeastern avenue, was wounded in the left hand by accidental discharge of a revolver as he cleaned it Sunday. Charges of robbery of mail boxes in apartments were filed today by federal agents agafhst Loren Berry, alias Loren Tatum. 29, of 341 Soutn Randolph street. He is alleged to have been seen looting mail boxes in the Louisiana apartments, 404 East South street.

Myron Sears, fireman, fell through the roof of a blazing barn at the home of June Baker, Negro, 324 North West street, Sunday night, but escaped injury. Damage caused by the fire totaled SSOO. Perk, a racing pigeon owned by E. D. Holtman, won first place in the 300-mile race sponsored by the Indianapolis Racing Pigeon Club, Sunday. The starting point was Columbia, Tenn. A bird v belonging to Charles Schwart won second place and third place was taken by a bird owned by H. H. Carter. The Rev. O. R. McKay, associate pastor of First Baptist church, will conduct services until the return of the Rev. Frederick E. Taylor, pastor, this fall. Mr. Taylor is leaving for a vacation. The Eleventh infanfry polo team of Ft. Benjamin Harrrison was defeated Sunday by the Rolling Ridge four, a civilian team, at the fort parade ground. The Eleventh infantry band played. The Midnight Sun Crusaders, well-known local orchestra, directed by Jack Berry, has been chcsen to play on a North Capt cruise this summer by James Borring Travel Service. The band will leave New York June 28. State officers will be entertained by the Sons of Veterans auxiliary Tuesday night at Ft. Friendly, 512 North Illinois street Miss Lula Robertson, Bloomington, will conduct the annual inspection. Visitors are expected from Terre Haute, Greenfield and Bloomington. Reservation for a dinner to be held at 6 o’clock can be made with the secretary, Mrs. Lillian Ball. Thomas Hendricks, executive secretary of the Indiana Medical Society, will address the Universal Club at its weekly luncheon Tuesday at the Columbia Club on “How the Speedway Race Will Be Broadcast by Radio.” Governor Harry G. Leslie was guest today at the Soldiers and Sailors Orphans’ home, Knightstown, for luncheon, an inspection of the institution and to attend a board of trustees meeting.

We Make REAL ESTATE FIRST MORTGAGE LOANS FARMERS TRUST COMPANY 150 East Market Street Riley 4MS

_MAY 26, 1930

TOTAL BUILDING INCREASE CITED IN LATEREPORT Figures for Living Quarters Up 8.6 Per Cent Over March. Bu United Prrss WASHINGTON. May 26—An increase of 11.1 per cent in total building operations in April, as compared with March, was reported today by the department of labor. The report is based on figures received from 235 cities of a population of more than 25,000 persons. Estimated cost of building operations in these cities during April was $179,891,611, compared with $461,910,584 in the previous month. Permit figures for April show that 12.6’6 persons were furnished with new living quarters. This is an increase of 8.6 pgr cent over March. Increases in total building operations were reported in every district except the New England states and the Mountain and Pacific states. Presidential building increased principally in the middle Atlantic states, west north central states and mountain and Pacific states. Reports of decreases in residential building were received from the east north central states, the south Atlantic states and the south central states. Nonresidential building increased in all sections except the New England states Bnd the mountain and Pacific states, and increases in families provided for were shown in all districts except the south central mountain and Pacific states. dClay street move Decision on Washington Boulevard Widening Slated June 23. Decision on a resolution to widen Washington boulevard, from Twen-ty-eighth to Thirtieth streets, was delayed until June 23 today by the works board, following protest of property owners to the plan for payment of the $16,000 costs. Births Boys Sherman and Hilda Watkins, city hospital. James and Mabel Humphrey, city hospital. Walter and Ethel Fursley, city hospital. William and Ollie Bell, city hospital. Raymond and Bernice Wairiscott, Chris, tian hospital. Lawrence and Mildred Dietz, 125 Bake, meyer. waiter and Irma Vahle, Christian hospital. Claude and Dathel Riley, 3119 West Pratt. Arvil and Mary Ryan. 1306 English. Herbert and Mary Adams, 2119 Turner. Cecil and Marie Righlsell, 574 North Highland. Grover and Lena Coffman, 3176 North Tacoma. Everett and Laura Huggins, 2187 North Temple. John and Margaret Willis, 4711 Hovey. Henry and Emma Russell, 2132 Beliefontaine. Marshall and Edna Caplinger, Coleman hospital. Dale and Eva Henderson, Coleman hospital. Arthur and Frances Lewellen, Coleman hospital. william and Miriam Martin, Coleman hospital. Lantus and Thelma Montgomery, Coleman hospital. Kenneth and Dorothea Smith, Coiemart hospital. T James and Dora Manka, 908 Denny. Girls yennie and Blanche Bridwell. city hospital. Gerald and Bernice Smith, city hospital. Daniel and Nanie Collins, 931 South Harding. Harry and Thelma Wade. Christian hospital. Allred and Stella Maxey. 1530 Bvram place. Robert and Zela Chandler. 2220 Howard. Harold and Marjorie Brown. 229 West Twenty-eighth. Nicholas and Josephine Mattingly. 610 Oxford. Robert and Crystal Elsbury, Coleman, hospital. Arthur and Waneta Horton. Coleman Hospital. , R a lph and Josephine Lester, Coleman Hospital. Ora and Jennie McDaniel. Coleman hospital. Francis and Eleanor Robinson, Coleman hospital. Emil and Alice Sam. Coleman hospital. Virgil and Lucille Stone, Coleman hospital. William and Alta Coutz. 3312 Rader. Rodger and Nellie McCann. 2050 Corneiius. , -Twins Charles and Nellie Firestone, city hospital.

Deaths pneSmo®i and ’ 41 Lon * hospiUI ‘ bronch* ■Florence May Richardson, 26, 1509 Madisdn. hypostatic pneumonia. mta°) V BurDS • 34 ‘ city hospital, septicaeGeorge Phillips. 69. 1344 West Twentysixth, arteriosclerosis. Laura Weston, 77. 6503 Ferguson, hypostatic pneumonia. Anna Fisher. 32. 2347 Northwestern, carcinoma. Gertrude Hoerger. 57, 3317 West Sixteenth. acute dilatation of heart. Mary E. Carr 72. 1419 Churchman, hypostatic pneumonia. Evelyn Boswell. 21. Coleman hospital, septicaemia. Ella Ethel Grove. 40. 1204 North Tuxedo, acute cardiac dilatation. Mary Jameson Judah. 73. 3133 North Meridian, arteriosclerosis. Alice Amelia Lash. •'B. 1220 West Thirtieth. acute dilatation of heart. Caroline Leiss. 70. Central Indiana hospital. arteriosclerosis. New York Curb Market —May 26 Am Com Pwr A 27% Am Gas <& El ’’’’’ 142 Am Lt <k Tr ...:• 73 Am Super 33.;, Ass Gas & El 38% Av cf Am 40 Can Marc ..: *% Cities Serv ..7.77.7“ 35 Cons Gas ’ ’132% Cord ’’ to > 4 Crock and Wheat 24 Dixie Gas jg% Durant 4 El Bnd Sh 103 1 Fokker 26 % Ford of Eng 18 Fox Thca 131. Gulf Oil 150 Hudson Bav 10 Humble Oil 103 Insull Ut 65 Nat Suoer *O% Lion Oil 26% Marine Mid 39% Nat Screen 20 Niag Hud 22% Novanada 29% Penroad 13% Petroleum 25% Salt Creek 12% Sel Indus Bs*8 s * Std of Ind 5*% Transamerica 43% Un Gas 37% Un Gae new 22% Ut Pwr 22** Vacuum Oil 88% Walgreen 45

Robert K Tomlinson INVESTMENTS Kt-J5 Continental Bank Bldg Indiana polls 1.1 a. Ml*

We Offer American Loan Co.'s Tax Exempt Common and Preferred Stock Umphrey & Hartz 347 Baakere Trust Bldg.