Indianapolis Times, Volume 42, Number 16, Indianapolis, Marion County, 29 May 1930 — Page 11

MAY 29, 1930.

STOCK SHARES HOLD FIRM IH LIGHT SESSION Week-End Profit-Taking Is Weakening Influence on Industrials.

Average Stock Prices

Average of thirty Industrial* for Wednesday was 373.84. up 1 41. Average of twenty rail* was 144.31. off .48. Average of twenty utilities was 101 99, up .38. Average of forty bond* was 95.3S up .98. Bu rnitf-4 Prr*t NEW YORK. May 29—With few exceptions, the stock market, maintained a firm tone today. Leading industrials advanced under the leadership of United States Steel, but eased on week-end profit taking. The weakest issue on the board was Chesapeake & Ohio, which broke 814 points to 209';, and rallied only partially. Other rails moved more narrowly with price changes mixed. Utilities lost their snap in the early trading and around noon were in a range of less than a point, a few sagging below the previous close. Oils ccnlinued strong. Special Issues Up United States Industrial Alcohol was hammered down nearly 5 points in the early trading, but it rallied 2 points before noon. Elsewhere the market showed a majority of gains. Special issues made substantial advances. Worthington Pump made anew high for the year at 164, up 4V*. and National Biscuit moved up, 1 to 92Vi, also anew 1930 peak. A M. Byers gained 3% to 100; Vanadium, 4Vi to 123 Vi: Columbia Carbon, 6 1 ,; to 161 Vi; J. I. Case, s’i to 29314; Safeway Stores, 3% to 98*4, and Vulcan Detinning, 6 to 109. Radio Is Active Radio Corporation was in active demand throughout the morning and around noon was moving up further. Westinghouse Electric also was meeting good buying. United Aircraft featured the aviation shares. General Motors and Jackard were firm in the automobile shares. Fox was the active favorite in the amusements. Oil shares continued in demand. Fractional advances in this group were made by Standard Oil of New Jersey, Sinclair, Atlantic Re finnig and Standard of New York. Trading continued dull with tickers standing idle at times. Call money renewed at 3 per cent.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings May 29, 9*.034,000; debits. *8,128,000. CHICAGO STATEMENT Bu United Press CHICAGO. May 29. -Bank clearings, *90,300.000; balances, $90,600,000. NEW YORK STATEMENT Jin United Press NEW YORK. May 29.—Bank clearings. *1.207.000.000: clearing house balance, *164.000.000; federal reserve bank credit balance. $153,000,000. TREASURY STATEMENT Till United Press WASHINGTON. May 29—Treasury net balance on May 27 was $120,328,990.19: customs receipts for the month to that date totaled *43.586.983.24: government expenditures on May 27 were *6.854,005.59.

Produce Markets

Eggs (country run> —Loss off dellverea in Indianapolis. 17c; henery aualltv. No. 1 20c: No. 2. 15c. „ . . . Poultry (ouylng pricesi—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. I2®isc: ducks, full feathered, fat. whites. 12c: geese. 10c. These prices are for No. 1 top ouality ouoted bv Kingan & Cos. Butter (wholesale) —No. 1, 35@36c; No. 2. 33(fi 34c. Butterfat—32c. Cheese twnoiesaie selling price per pound) —American loaf. Sic: pimento loaf. 32e; Wisconsin firsts. 27c. Longhorns 34c New York Umberger. 36c. B<j United Press CHICAGO. May 2fc Eggs Market steady receipts. 20,383 cases; extra firsts. 210 21%c; firsts. 20®20%c; ordinaries. 18 0>l8%c; seconds, 17c. Butter—Market steady: receipts. 12.056 tubs; extras. 31%c; extra firsts. 30®30%c: firsts. 28® 29c; seconds. 26027%c: standards, 3144 c. Poultry -Market steady; receipts. 1 car; fowls. 20c: springers. 21c: Leghorns. 15c: ducks. 13c: geese. 12c: turkeys. 20c; roosters, 15c: broilers. 300 38c. Cheese —Twins. 17® 17%c: young Americas. 18%c. Potatoes—On track. 151: arrivals. 55: shipments. 933: market, old stock dull; Wisconsin sacked round whites. *2.4002.55; Idaho sacked lussets, *3 40 0 3.50: new stock, demand exceeds supply, strong: southern sacked bliss triumphs. $3.60i3.75. Bu Tnitrd Press NEW YORK. May 29 —Flour—Dull and weak; spring patents. *5.850 6.25. Pork— Dull; mess, *32. Lard—Steady: middle west spot. *lo.ssfri 10.65. Tallow—Quiet; special to extra. 5%®6c. Potatoes—New steady, old weak: southern, *2.500(5.50; Maine. *3.2504.75. Sweet potatoes Steady: southern crate. *3; jersey basket. ■"■oc Or *3.15. Dressed poultry—Steady to firm: turkeys. 25043 c: chickens. 12@42c: fowl*. 14 0 29c: ducks. Long Island. 19® 20c. Live poultry—Easy: geese. 12014 c: ducks. 14® 23c: fowls. 190 25c: turkevs, lsff2sc: roosters. 160 18c: broilers. 12® <sc. Cheese-Easy; stat* whole milk, fancy to specials. 244125 c: young Americas, 19ft 25c. GIRL HITCH-HIKERS INJURED IN CRASH Cr In Wh J ch They Were Guest Riders Overturns. Two girl hitch-hikers, dressed in the accepted garb of Kansas, big hats and overalls, were injured when a car in which they had been given a ride overturned east of Indianapolis on the National road this morning. Miss Maxine Purcell, 19, was bruised and Miss Violet Robinson. 21, was cut and may have suffered a fractured skull. Both are from Kalamazoo. . Mich. Miss Robinson was taken to city hospital. Herbert Austin. Yazoo City 1 Miss. 1, driver of the car in which they were riding, told police his car overturned when Charles Hoffman, 5814 North New Jersey street, driving in front of him, stopped suddenly, causing a collision. Austin was uninjured. He said the girls had ridden with him from Kansas City, Kan. BUTTON SHIRT ‘MENACE' Jewelers Start Drive to Revive Collar, Cuff Link Trade. Bv United Press UTICA. N. Y.. May 29 —War was declared by the New York State Jewelers’ Association today on the shirt which had buttons sewed on collar and cuffs. Regarding the shirt as a menace to the collar butter and cuff link trade, it was recided to start a campaign to make men jewelry conscious. and particularly collar buton and cuff link conscious.

BELIEVE IT OR NOT

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New York Stocks " ißv Thomson & McKinnon) ——————

—May 29Railroads — .. AtchisOn • • • 222 221 ,2 i Atl Coast Line 167*/ 168 Balt & Ohio ... *1“ Cnesa & Ohio ..215 209% 210 218 ! Chesa Corp 88% 63 68 68 Chi Grt West I*J I*l Chi N West 81% Siva Del & Hudson .. .. ... I<3 l'*? 4 I Erie 46Vi 46 46 48- a Erie Ist pfd 3 Great Northern • ■ Illinois Central 1-3% 1"% ! Kan City So ,4*?* !MK & T 53 52 3 8 .>2% 53'.a I Mo Pacific pfd • J "Z N Y Central ...176 1(5 lis 175a Nickel Plate , 115 NY NH St H 11* 3 Nor Pacific 8} * Norfolk & West 241 O & W ( 12 2 Pennsylvania Reading 11614 117 So Pacific 121 , 120* Southern Rv 107% 108 St Paul 19 19.4 St Paul pfd 31% 31 s 31a 31% St L & S F , ... 11*478 union Pacific ..227 226'. a 226% 229 W Maryland 31% 31 • 31% 31 Equipments— Am Car & Fdy.. .. ... ••• 53,2 Am Locomotive 58 57 38 5b Am Air Brake S.. , .... *Ja ** 5 Gen Am Tank.. 103% 102a 10*% 104 General Elec ... 84’,a 83U 83‘,8 83/* Gen Ry Signal 94 94 Man El Sup ... 17% 16 11/ 16 | N Y Air Brake *1 Press Stl Car ... Puliman ‘£7* IS,* Westingh Air B. . 43% 43 ',4 43 ~ 43% Westingh Elec ..180,8 I<9 130',. li9va Rubbers— Firestone “ s s Plsk ••• 3:8 378 Goodricn 41 40% 4i 40-/* Goodyear 86Vi 84*4 86% 80 Kelly Sprgfld ... ... ... , *'- U S Ruboer 32% 21% 2vt 31a Auburn 170% 166*i 170 1657a Chrysler 37 36 Vi 36% 3b va Gardner - *’ Graham Paige ... General Mo.ors. 511a 507a si’, 50U Hudson **,. **,, hupp 18 * 18 a Mack JIV2 (0% Marmon , lOTA 1? / Nash 41’,i 41V* *IV 41 V Packard 17’,4 16% 17Va 17 Pierce Arrow ... f < Reo 11% 11 H Jl Studebaker 2® * Yellow Truck 27% 28% Motor Access— Am Bosch 337 a Bendix Aviation 43% 43 43_ 42;, a Borg Warner .. 36% 36% 36% 36% Briggs 22% 22'2 22% *2-a Buad Wheel 29 Campbell Wy .. 2b!a 25’,A 26V2 ... Eaton 29 Va ... El Storage B ... 71’a 71 71’a 0 Hayes Body , 10, 10 Houda 18 3 4 18% 18-.4 19 Motor Wheel 27 Sparks W 27 26% 2 7 28’a Stewart Warner 29% 29 297A ... Timken Roll ... 74% 74 74 73% Mining— Am Metals ... ... 41 Am Smelt 72'/a 72 72 Vi 72 Am Zinc 11 10 11 Anaconda Cop.. 80'2 59% 60-% 60% Cal & Hecla 197 e Cal & Ariz 63 62% 63 Cerro de Pasco 55 55 Freeport Texas 47% 47’ 2 Granby Corp ... 32 32 3 A Great Nor Ore 21 ; *i Howe Sound 33 3 a 327a 32% ... Int Nickel 3374 33’a 33% 33’A Inspiration 20 Kennecott Cop.. 48 47% 47% 47% Magma Cop 35 34’.4 35 Miami Copper 22 21% Nev Cons 21’.a Texas Gul Sul... 60’. 60 60’,A 60Va U S Smelt 28 Oils— Amerada 28'2 27’2 28’2 27 U Am Republic .: ... ... 26 ’i Atl Refining ... 44 42’ 44 43‘a Barnsdall ... ... 27 3 j Houston 102 ’i 100 T ANARUS 101’a 100'2 Ind Oil 25’a Indian Refining IS-'a Mex Sbd333,0 3 , 30’ 2 30 5 a 30’ Mid Conti 28 Pan-Amer (81.. 64 63 3 4 63 3 < 63 7 a Phillips 38’a 38'a 38'a 38 3 a Pr Oil ft Gas 46 46 Pure Oil 23'a 23 23’a 23 Richfield 22*a 22’* 22*a 22*a Roval Dutch 537-4 Shell Un 21 21 Sinclair ... 27% Skelly 36% 36*a 36%333,6 3 , Stand of Cal ... 70% 70*4 70% 70% Stand of N J ... 81 80% 80% 80% Stand of N Y ... 37% 37 37 36% Texas Cos ' ... 57% 58 Union Oil 45% 45'i Steels — Am Roll Mills.. 69% 68% 69% 69 Bethlehem 94% 94% 94% 95 Bvers A M 100 97% 99% 96% Colo Fuel 62% 62 62% 62% Ludlum 36’t 36 36% 35% Midland 36 Newton 50% ... Repub I&S 52% U S Steel 174% 173% 173% 174% Vanadium 122% 119% 121% HB% Tobaccos— Am Sumatra 15% Am Tob <Bi 164 General Cigar... 51% Lig & Myers 107% Lori Hard 2% 25 Reynolds T0b.... 52% 52 52 51% Tb Pt A 10% ... United Cig 7% 67J LUHtiea— AbTTlbi 82 Adams Exp 31% Am For Put $5% 85 85% 89% Am Pwr A; Lt 107 AT&T ...232 231% 232 230% Col Gas * El ... 84 38% 83% 83% Com & Sou 18 18 El Pwr * Lt.... 94% 93% 94 94% Gen Gas iA) 14 13% 14 13% Int! T & T 83 62% 63 62% Natl Pwr & Li.. <9*l 49 49 49% No Amer Cos 126 124% 135*4 125*r Pac Gas & Ei 68% 68 Pub Ser N J.... 115 11*% 1151 115% So Cel Edison .. 66 55% 66 65% Std G & E 1... .119 118% 118% 117 United Corp 45% 45% 45% 45*4 Irt Pwr & L A..141 40% 41 41 West Union ...182% 181% 182% 181% Skipping— Am Inti Corp.. 45% 45 45 % 45 United Fruit.., 93% Armour A 6% Ca! Pk* % Can Dry 70% 09% 70% 69% Child! <Jo 65 64 % 65 64%

On request* sent with stamped addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.

I Coca Cola 1837A 184% Cont Baking A 32% Corn Prod 108 Vi 108% 108% 107',2 Cudahy Pkg 43% Cuban Am Sug 67i 6% Gen Foods 59 58% 59 58% Hersey lOBV2 108 108 108% Kroger 33Vi 33% 33Vi 33% Nat Biscuit 93% 91% 927* 91% Safeway St 99 9e% 99 95% Std Brands 23% Ward Bkg 11 Drugs— Coty Inc 2o*i 27 Lambert Cos .... 97% 96% 96% 96% Lern & Fink ... 29% 29 29 Industrials— Am Radiator ... 33% 32% 33% 33% Bush Term 40 Gen Asphalt ... 53 58 Otis Elev 70-8 75% 73% 73% Indus Clients— Allied Chera 316’% 313 316% 316% Com Solv 31 30 3 4 30% 307 e Union Carb 867* 85 86'% 85% U S Ind Aico .. 80*/a 89 89 91 Retails Stores— Assoc Dry Gds 23% Gimbel Bros 17% Kresge S S 30’% May D Siore 51% 51’% Mont Ward..... 44 3 % 44 4474 44% Penny J C 66% Schulte Ret St 9’4 Sears Roe 86Vi 86 86',4 86% Woolworth 627* Amusements— Bruns Balke 20% 20'/* Col Graph 2374 27Vi 28 28 Crosley Radio 1774 17% Eastman Kod. . . .240V4 239% 239% 242 Fox Film A 5374 52% 53’% 53 Grigsby Gru... 25% 25 25 % 25 Loews Inc 91 90% 90% 90% Param Fam 69% P.adio Corp 53% 53’4 53% 53% R-K-O 4214 42% *274 42 Schubert 25’4 25% 25 % 23-% Warner Bros 64>% 64 74 64 % 647* Miscellaneous— Airway App 2974 29',4 2974 29 Congoleum 14*4 Am Can 148’% 1*774 143 1*774 Cont Can 68 67 67 67% Curtiss Wr 974 9** 974 9%

Dow-Jones Summary

Pennsylvania System in week ended May 24 handled 149.544 cars against 148.180 a week ago and 174,519 a year ego. Jan. 1 to May 24, loadings 2,964,497 against 3.295.637. Chase National Bank and Chase Securities Corporation declared regular quarterly dividends aggregating $1 payable July 1. record June 4. Department store sales for April, 6 per cent larger than April, 1929. according to reports to Federal reserve system due to Easter falling in April this year. In first four months sales were 4 per cent smaller than year ago. American Tobacco Company declared regular quarterly dividend of $1 on preferred. payable July 1. record June 10. Union Trust Company of Pittsburgh, Mellon controlled bank, closes negotiations for purchase of assets excepting cash and accounts receiable of Paragon Refining Company except Valvoline common held bv later. Liquidating value of class B common between sl6 and sl7 a share. Holders of class A preference to receive SSO. Assistant Secretary of Commerce Klein says a healthy trade rerival may be expected by the end of the summer. Average prices for eight important iron and steel products declined to $46.99 a gross ton Pittsburgh from $47.24 the preceding week based on iron’ age quotations. A decline in billets to s3l a gross ton from $33 accounted for the drop. Not included in the average were declines in sheet bars and slabs Pittsburgh to s2l from $33 in forgig billets Pittsburgh to $37 from S3B. Heavy melting steel scrap was lower at Chicago. Pittsburgh and Philadelphia.

Investment Trusts

(By James T. Hamill Company) Bid Ask. Am Founders (newl 17% 18% Basic Industry Shares 9 9% Corporate Trust Shares 9V 4 10 Diversified Trust Shares ißi.. 21V* 21% Diversified Trust Shares (A>.. 25% Diversified Trust Shares (C).. 9 9% Fixed Trust Shares (A) 21 s * Fixed Trust Shares (B> 19% Investments Trust of N Y 11 11% Leaders of Industry 11% 12% No Am Trust Shares 9% 10% Power & Light Sec Trust 65 67 Reybarn & Cos 13 14% Standard Oil Trust Shares 5 9 S W Straus Inv Units 52 58 Selected Amer Shares 7% 8% Trustee Std Oil Sh B 10% 11% U S Elec Pow Shares A 41 43 U S Elec & Power Shares <Bi. 12% 12% MAJOR MONTE STONE FLIES HERE FOR RACE Pilots Moore Biplane, Powered With Three-Valve Motor. Among visitors arriving in the city today for Memorial day races Friday was Major Monte Stone, New York, who flew to Indianapolis in a Moore biplane, powered with a Muore-Power three-valve motor, mcnufactured by General Airmotors Company. Scranton, Pa., cf which he is general sales manager. Stone and Bob Wfnerstien, New York, alternated at the controls from New York to Indianapolis.

THE INDIANAPOLIS TIMES

i-tw7 Registered O. a UV Patent Office. RIPLEY

The City in Brief

Program of the Ind’anapolis Rotary Club’s weekly luncheon at the Clay pool Tuesday will be featured by a fashion parade, presented by Grover A. Millett, president of Selig Dry Goods Company. Ladies will be guests at the show. Third annual picnic will be held by the Indianapolis Medical Society at the Polk Sunlight dairy farm. Greenwood, Wednesday at 2 p. m. Despite Merging of the Century Magazine and the Forum, Hewitt H. Howland, former fiction editor of the Bobbs-Merrill Company of Indianapolis, for four years editor of the Century magazine, will remain with the Century Publishing Company aa book editor. Members of the 1930 graduation class at Normal College, American Gymnastic union, were to give a demonstration at 2:30 this afternoon at the school and will hold commencement exercises at 8 tonight. Dr. Stanley Coulter, dean emeritus of Purdue university, will speak. An honorary degree of doctor of laws was conferred on O. L. Bodenhamer, national commander of the American Legion by Baylor university at Waco, Tex., when he gave the commencement address at the university, his alma mater, according to word received at national headquarters here. Hoosier descendant of Isaac Neal Tindall will hold a family reunion Sunday on a farm owned by a member of the family seven miles south of Shelbyville.

Reunion of Company D, One hundred fifty-eighth Indiana volunteers, Spanish American war veterans, will be held Sunday in the Brookside park community house. Thirty-eight alumni members of the Indiana university extension school attended a dinner Wednesday night at the Woodstock club, with C. B. Ridge, chairman, in charge. Candidacy of James E. Fischer, Indianapolis, for governor of the Indiana district of Kiwanis International, was indorsed by the directors of the Indianapolis Kiwanis Club Wednesday at a luncheon at the Claypool. “Decisions for Christ” was the subject of the Rev. R. R. O'Haver of Mitchell at a Christian Endeavor rally in the Second Presbyterian church Wednesday night. The rally was called preparatory to the annual state Christian Endeavor convention here June 19 to 22. Albert Stump won a spelling bee at the Indianapolis Lions Club luncheon at the Lincoln. A one-act play. “Light on the Way,” will be presented at 7:45 tonight in Central Christian church by the church dramatic society. Leading roles vail be played by Miss Kathryn Swan and Harold Walter. “The Affairs of Our City” will be the subject of Mayor Reginald H. Sullivan, addressing a fellowship dinner of the Northwood Christian church men's class, in the church tonight. SSOO FINE, 180 DAYS FOR ALLEGED FORGER Mark Huff. NoblesviUe, Found Guilty on Check, Conversion Charges. Fraudulent checks he is alleged to have passed today cast Mark Huff, Zionsville, Ind.. SSOO and costs and 180 days on the state penal farm when he was convicted by Municipal Judge Paul C. Wetter. Wetter added a $25 fine and sixty days on the farm when Huff was convicted on a charge of converting leased property. He was alleged to have sold an automobile lor a dealer and kept the money.

PORKERS SHOW STRONG TREND OVERJtOLIDAYS Cattle and Calf Trade Are Unchanged; Sheep Trade Even. May. Bulk Top Receipts. 22. 10:3 10.35 5.000 23. 10.40010.50 10.50 5.500 24. 10.40i510.50 10.50 4.500 26. 10 40 10.50 6.000 27. 10.30 10.30 8.000 28. 10.30® 10.40 10.45 8.000 29. 10.60 10 70 5,500 Hogs showed decided strength today at the city stockyards, prices rising generally 25 cents. The bulk, 160 to 250 pounds, sold for $10.60. Top price paid this morning was $10.70. Receipts were estimated at 5,500. holdovers were 374. Cattle receipts were 600, a steady tone prevailing throughout. Vealers were unchanged at sll down. Calf receipts were 800. In the sheep market spring lambs were selling at $lO to $12.75. All classes held steady. Receipts were 500. Chicago hog receipts were 23,000, including 6,000 direct. Holdovers were 6,000. Today’s market was steady with Wednesday’s average, a few loads of choice 160 to 210pound weights selling at $10.40 to $10.50. Cattle receipts were 5,000, sheep 8.000. The Indianapolis livestock market will be closed Friday and Saturday. —Bogs— Receipts. 5,500; market, lower. Heavies. 300 lbs. up $10.00(810.25 250-300 lbs 10.25® 10.50 Med. wts., 25-250 lbs 10.60 200-225 lbs. ...* [email protected] Light wts.. 160-200 lbs 10.60fe10.70 130-160 lbs [email protected] 90-l?0 lbs 9.25(g) 10.00 Packing sows 8.50@ 9.50 -CattleReceipts. 600: market, steady. Beef steers. 1.100-1.500 lbs. good and choice sll.oo® 13.25 Common and medium 8.25@11 00 Beef steers. 1.100 lbs. down. good and choice [email protected] Common and medium 8.00 @10.75 Heifers. 850 lbs. down, good and choice [email protected] Common and medium 6.00(3)10.50 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 8.50(311.50 Common and medium 5.50® 8.50 —Vealers — Receipts 800; market, steady. Medium and choice 1 $ 8.00(311.00 Cull and common 5.00® 8.00 —Sheep— Receipts. 500; market, steady. (Shorn Basis). Lambs, good and choice $ 8.50® 9.50 Common and medium 7.00(3 8.50 Springs lambs 10.00® 13.00 Ewes, medium to choice 4.00(3 5.50 Cull and common 2.00® 4.00

Other Livestock Bn United Press CHICAGO. May 29.—Hogs—Receipts, 23.000; including 5.000 direct: market, opened steady: later trade steady to 10c lower; hogs, scaling under 240-lb. showing the decline; top, $10.50 paid lor a few loads of 160-210-lb. weights; butchers, medium to choice. 250-350 lbs.. $9.75®.10.30; 200250 lbs.. $10010.50; 160-200 lbs., SIOO, 10.50: 130-16 lbs., $9.75@ 10.40: packing sows. [email protected]; pigs, medium to choice, 90-130 lbs.. $9.254410.25. Cattle—Receipts, 5.000. Calves —Receipts. 3,000; low prices light steers, about steady: cetter grade weighty offerings in excessive supply; slow, weak to 25c lower; dependable market on she stock, bulls anti vealers about steady; siuaghter classes, steers, good and choice. 1300-1500 lbs., $12.25@‘14.25; 1100-1300 lbs.. $11.75014; 950-1100 lbs., $U.50@14; common and meduim, 850 lbs. up. [email protected]: fed yearlings, good and choice, 750-950 lbs.. [email protected]; heifers, good and choice. 850 lbs. down. $10012; common and medium. s7@ 10.25; cows, good and choice, $80)10: common and medium. $6.7508: low cutter and cutters. $4.7506.75: bulls, good and choice, beef, $7.65@9; cutter to medium. $6.75 0 7.75: vealers. milk fed. good and choice. $11@13: medium. S9O 10.75: cull and common. $6.50 09: stockers and feeders, steers, good and choice, all weights. $9,750 10.75: common and medium, [email protected]. Sheep—Receipts, 8.000: active. 25 0 50c higher: shorn lambs, $10.25010.60; top. $10.75: native springers. $12.75@>13.00: top. $13.65: fat ewes steady at $005.50: slaughter classes, spring lambs, good arid Choice. $12.75013.65; medium, *11.25© 12. cull and common. $10011.25: lambs, good and choice. 92 lbs. down. $9.75010.75: medium. $9010: cull and common. SBO 9: medium to choice. 92-100 lbs. down. $8.75® 10.60; ewes, medium to choice. 100 lbs. down. $4.25®6; cull and common, $1.75® 4.50. Bu Times Svccial LOUISVILLE. May 29.—Hogs—Receipts, 500; market, steady: 300 !bs. 300 lbs.. $9.70; 163-225 los.. $10.30; 130-165 lbs.. $9.50: 130 lbs. down. $7.50; roughs. *6.95: stags. $6.35. Cattle—Receipts. 200; market, steady: prime heavy steers. SIOO 11.50: heavy shipping steers *#-50010.50. medium and olein steers, [email protected]. fat heifers. $7.50® 11: good to choice cows. *6.500 8.50: medium to good cows $5,500 6.50: cutters. SSO 5.50: canners $3.5004.50. bulls. s6@B; feeders. 58@10: stockers. $8.75 0 9.50. Calves—Receipts. 200; market, steady; tops. $9 : fancy. $9.00; good to choice. S7O 9: medium to kood. $3,500 7. outs. $5 down. Sheep—Receipts. 1.500. market, steadv; ewes and wether lambs. $12.50: one double choice. *12.75: buck inrnh<; sll 50* seconds r.rd fed lambs, S7fa 7*50: clipped sheep. s4@s Wednesday's shipments: Celtic, none; calves. 200. hog*. 240; sheep, 2,095. Bu United Press PITTSBURGH. May 29—Hogs—Receipts, l 500' market steady: 130-210 lbs., $10.85 10.90: 220-250 lbs.. $10.60® 10.75; 260-300 lbs.. $10.25010.50: choice. 120-130 lbs., $lO 50; sows, $8.500 9. Cattle—None. Calves— Receipts. 150; market steady, top vealers sl2. Sheep—Receipts. 850. market steadv to 50c lower; decline on spring lambs; bulk. $11013; choice old crop lambs ouoted sll. Bu United Press EAST BUFFALO. N. Y.. May 29.—Hogs —Receipts, 1.200: holdovers 200; active, generally 15 0 25c higher: sows steady: desirable 150-230 lbs.. $11011.50; 240-270 lbs.. $10,750)11: 270-300 lbs.. $lO 300 10.75; 120140 lbs. and pigs. $10.50® 10.75; packing sows. $909.50. Cattle —Receipts. 200, steers and heifers fully weight medium quality steers. $10.85, good around 800-lb. heifers. $11.25; cows strong; few fat kinds. $6.75 07; cutter grades. $3.750 6: medium bulls. $8.2508.75. Calves —Receipts. 200; steady; good to choice vealers mostly sl2; medium sorts large y slOOll. Sheep- Receipts. 600; generally steadv quality considered; no choice kinds offered: good to choice old crop shorn lambs. $11.50: medium. $10011: good to choice around 70-lb. springers, $13.50, fat ewes, mostly $5.5006.

Bu United Press CINCINNATI. May 29.—Hogs—Receipts. 3.370. including 870 dire*,t: held over none; uneven, steady to sc. higher: bulk good and choice. 160 to 250 lb-.. $10.500i0.60 and $10.65. latter prices for 170-230 lbs.; few 280-300 lbs.. $10.15010.25: light lights and plgb. 120-150 lbs.. $lO to mostly $10.25; lighter pigs down to $9 or less: bulk sows, $8.75@9. Cattle—Receipts, 300; calves. 275- steady; cleanup trade, spring sprinkling plain slaughter offering Bio down; cow.;, butcher grades. $708.50: cutter Grades. SSO 6.50: bulls. $6.500 9: few. 8.2 J; vealers steady: top $10.50: bulk undergrades. [email protected]; heavy vealers over 200 lbs. mostly $9.50 down. Sheep—Receipts. 1.20 V; springers steady to higher; sheen steadv: bulk good and choice springers. sl2 013.50; top paid freely for rail shipments: mix;d offerings down to $11: common and medium. $lO down to $8 and under: buck lam'/S. SIOO 11: best light ewes. $505.25; agen bucks and common ewes. $3 down. Bu United Press EAST ST. LOUIS, 111.. May 29.—Hogs— Receipts, 13,500; market 5010 c higher: packing sows steady, pies 100.15 c higher; bulk, 160-260 lbs" sfo.2s® 10.40; top. $10.45: most packing sows. $9.15 0 9.25. Cattle—Receipts. 800: calves. receipts 1,500: market, veaiers 25c lower at $11; sausage bulls 10@ 25c lower; top showing the decline: other classes steady: top heifers. $11.50. Sheep Receipts, 2.500; market, no early sales, asking higher on lambs, buyers talking steady. Bu United Press CLEVELAND. May 29. 2.000; holdovers. 257: steady to 15c lower: top and bulk. 150-210 lbs.. $10.75; 220-250 lbs.. $10.65 : 250-300 lbs.. $10.50: pigs. $10.25; rough sows. $8.75. stags. $8.75. Cat-tle-Receipts. 100; scattered common to medium steers, $9.50010.75: load lots, $10.35; fat cows. $708.75 and above: cutter grades. $5.5006.50. Calves—Receipts. 400: desirable vealers 50c0$ 1 lower: bulk. $11.50 down; ewes. sl2 and above: medium. $10011.50: culls downward to $9. steady. Sheep—Receipts. 600’ fully to strong: medium lambs. *9.50 down: better grades scarce, springers upward to sl3; odd head choice. $13.50; sheep, Ann. Bu United Press PITTSBURGH. May 29—Hogs Receipts. 1.500; market steady; 150-210 lbs.. (10.850 10.90; 220-250 lbs.. $10.60010.75. 260-300 lbs.. $10.25010.50: choice 120-130 lbs.. $10.50: sows, $5.5009. Cattle— None. Calves —Receipts. 150: market steady: top vealers. sl2. Sheep—Receipts. SSO; market steady to 50c lower; decline on iprtng lambs; bulk. $11013; choice old crop lambs quoted sll.

NERVOUS TONE EVIDENCED BY GRAINFUTURES Deferred Deliveries Higher at Close; May Option Sells Lower. Bu Vnitrd Prrtg CHICAGO, May 29.—Liquidation in May kept the wheat and corn pits uneasy on the Board of Trade today witli rallies and setbacks occuring at intervals. At the close wheat was fractionally higher for the deferred months but May was down. The firmness at Liverpool aroused some bu /ing interest at mid-day that gav a good rally but the market weal led again. Com was unevenly steady with wheat, the nearby months lower and the deferred deliveries up. Oats was about steady. At the close wheat was to 3 *c higher with May 114 c lower; corn was 14c lower to lie higher, and oats was unchanged to %c higher. Provisions were about steady. Reversing itself near the close, Liverpool turned 6trong and prices advanced to close 14 to ?s cents higher. The weakness in May at the opening was caused by deliveries of 857,000 bushels and the liquidation attendant on closing contracts in the current month. There was no news of importance early. Cash prices were unchanged. Receipts were fifty-one cars. Corn was rather steady during the morning and at midsession was only fractionally higher in a dull market. The weather was favorable for field work and locals attempted to press the market on this, but without much success. Cash prices were unchanged to 14 cent higher. Receipts were 188 cars. Oats showed little change for Wednesday though slight fractional advances were made early and held at mid-day, but the trading was practically at a standstill. Cash prices were V 4 cent lower. Receipts were eighty-two cars.

Chicago Grain Table —May 29 WHEAT— Prev. High. Low. 11:00. close. May 1.07 1.05% 1.07 1.07'i July 1.08 1.07% 1.07% 1.07% Sept 1.10% 1.09% 1.10% 1.10% Dec 1.14% 1.13% 1.14% 1.14% CORN— May 77% -77V* .77% .77% July 80% .79% .80% .80 Sept 81% .81% .81% .81% Dec .76% .75% .76% .754* OATS— May 41'% .41% .41% .41% July 40% .40.40% .40V* Sept 32% .39% .39'% .39% RYE— May 60% .60'% July 63% .63 .63% .63% Sept 68 .67% .68 .67% LARD— May 10.12 10.12 July 10.17 10.20 Sept 10.32 10.40 Bu Times Special CHICAGO. May 29.—Carlots: Wheat, 17; corn, 201; oats. 70; rye. 0; and barley, 3.

Local Wagon Wheat

City grain elevators are paying 99c for No. 2 red wheat and 94c for No. 2 hard wneat. NEW YORK COFFEE RANGE Close March 7.37 May • 7.27 September 7.72 Births Girls Lee and Joy Baxter. 2426 Sheldon. William and Hazel Younk, 1902 East Minnesota. „ Thomas and Georgia Scott. 2446 North Rural. Clyde and Elizaoeth Whitaker, 1154 Concord. Charlie and Florence Pearson, 1802 East Twelfth. James and Gladys Rose, Methodist hospital. Vincon and Ethel Bovard, Methodist hospital. James and Mary Obear. Methodist hospital. Francis and Artie Cobb, Methodist hospital. Carl and Pearl Goens, 133 East Twentysecond. Vinci and Augustina Sansone, 618 Stevens. Boys Thomas and Louise Abshier.' 942 North Tremont. William and Madge Curl. 342 Hanson. Harry and Bessie Sawyers, 1340 Lee. Bert and Stella Poiana, 1106 English. William and Cora Bray. 1107 Linaen. William and Margaret Warner, 317 West Ray. Cnarley and Lula Shockley, 216 South Emerson. Garvin and Rose Martin. 1909 Mansfield. Glen nand Ruth Ellis, 3738 North Capitol. Harold and May Ludwig. Methodist hospital. Charles and Clarmonde Ellis, Methodist hospital. Alfred and Mary Baumgart, Methodist hospital. Alice and Annabell Martin; Methodist hospital. Raymond and Gertrude Fishero. 521 West Morris. James and Mabel Kellems. 3703 West Washington. Marvin and Rose Ward. 1529 Reisner. Ralph and Elizabeth Jansen, 3419 CarThomas And Truman Girvin, 1233 West Walter and Margaret Scotten. 2868 and Gladys Ervin, 1020 South Fleming. Deaths

Mary V. Engle. 61. 225 East Fifteenth, chronic myocarditis. Eva S. Charters. 63. Long hospital, diabetes mellitus. Virginia Reeves McKenney, 5 mo., city hospital, broncho pneumonia. Mary J. Roach. 71. 3377 North Sherman Drive, chronic myocardtits. Matilda Clifton. 65. 369 West Eleventh, cardio vascular reneal disease. Leona Lillian Brill. 5 mo., 131 East Southern, lobar pneumonia. ....... Mvron Eugene Morrison. 3, Methodist hospital, lobar pneumonia. Bridget Lawrence. 73. city hospital, accidental. ... , . Louise F. Zeun. ,54. 509 Virginia, carCi! Dav?d Beuerland. 75. Methodist hospital. mastoiditis. . ....... Julia Coutrell. 46, city hospital, diabetes mellitus. Building Permits E. Runvan. rarage. 3062 Central. *630. W. GBllimore. fire loss. 201 West ReefJt’ W B .°°Gentry. addition. 506 Division. S1 Daniel Warfield, repairs. 1024 West Walnut. *2BO. . W. L. Stave, dwelling and garage. 6240 Haverford. $4,000. j. P. Hollenbeck, repairs. 938 North re E?mer reroof. 1513 West Twenty”f Georg 2 e l5 A. Hillener. dwelling and garage. 1912 Pleasant Run boulevard. 11.700. BIG FOUR TO OPERATE SPECIAL RACE TRAINS Chicago and Cincinnati Service Provided for Speedway Visitors. To provide return service for the great throngs of out-of-town passengers coming into Indianapolis for the 500-mile race, the Big Four will operate a special train to Chicago and a special train to Cincinnati Friday. These trains will leave the Union station at 4:30 p. m. and will consist of coaches, parlor cars and dining cars. The Sycamore, which regularly leaves Indianapolis at 5 p. m. for Chicago, will be held until 5:15 p. m. Decoration day. The regular 6p. m. trains to Cincinnati and St. Louis will carry extra cars for the accommodation of passengers returning to those points.

Business — and — Finance

Bu I'nited Prtst DENVER. Colo.. May 28.—Directors of the Great Western Sugar Company voted Wednesday to deduce the quarterly dividend on common stock payable July 2, to 35 cents a share. The company has been paying 70 cents a share on common stock per quarter. The dividend rate on preferred stock will remain unchanged. CHICAGO. M*y 29 Deferred purchasing of machinery and equipment by the dairy and allied Industries is reflected in smaller earnings of CheTry-Burrell Corporation for the first six months of its fiscal year ended April 30. 1930. Consolidated income for the period after all charges and taxes amounted to $173,057 of which $119,320 was earned In April. Tor the first six months of the preceding year, net Income amounted to $365,147. New financing for Intereontinents Power Company to provide funds to be used in part for the payment of obligations incurred in the acquisition of propertiea by Ita subsidiaries Is planned by E. H. Rollins A Sons. Stroud £ Company, Inc., and Graham. Parsons £ Company. who have purchased r new issue of $3,000,800 of convertible 8 per cent debentures of the eorapany. The debentures will mature In 1948 and will be convertible Into the company’s clsss A common stock. The eapitallxation of the company to be presently outstanding consists of 13,080.000 of convertible 8 per eent debentures, series due. 1945; $7,500,000 of 6 per cent debentures. series A due 1948: 38.080 shares of no par cumulative preferred stock, first series, 87 dividend; 121.857 shares of no par elass A common etoek and 327,664 shares of no par class B common stock. Taking advantage of favorable conditions in the bond market, the Kansas Gas and Electric Company will .retire its now outstanding $14,000,000 first mortgage -6 per cent bonds through the sale of anew issue of $16,000,000 fifty-year first mortgage 4Vi per cent bonds. Public offering of this issue is being made a price of 93V, and interest to yield 4.85 per cent. NEW YORK. May 29. —Announcement was made Wednesday that a group headed by John Hays Hammond and Harris Hammond. and reported to include the Fisher of the Atlantic-Pacific Oil Exploration Brothers of Detroit, had obtained control of the Atlantic-Pacific. Oil Exploration Company through the purchase of 1.212.300 of the 2.000.000 shares. reDresentlng the total authorized capitalisation of the company.

In the Stock Market

(Bv Thomson & McKinnon) NEW YORK, May 29.—Although the British bank rate remains unchanged, it should occasion no disappointment even though many quarters confidently expected its reduction. With open money rates both here and abroad generally below the current rediscount figures, the cut may come any time. The strong recommendation of the federal oil conservation board of its unit operation plan for the oil operators drew considerable favorable comment. This, along with the co-operative efforts already attempted, should ultimately bring supply of oil in line with the demand and result profitably to that industry. Notwithstanding the reduced activity in the steel industry, there is a decided note of encouragement over the volume of Incoming business, the feature of which is the demand for pipe line materials. Reflection of this buying naturally will be in the steel operations of weeks hence. The action of the stock market continues to be of a character to stimulate confidence. Leading securities gave evidence of being well sponsored. The brokers’ loan statement due this afternoon holds promises of only minor change and should be unimportant. We hold firmly to our bullish opinion of the stock market. Marriage Licenses Guy M. Williamson, 40. Saltsburg. Pa instructor, and Charlotte H. Passwater. 25. of 913 East Forty-second, secretary. Carl H. Wesline. 29. of 1452 Brookside, clerk, and Lois E. Miller, 28. of 3632 Or- 1 chard. . . Willie Parker. 24, of 937 West Pearl, laborer, and Luceal Curry, 30. of 606 Tal- 1 bert, clerk. a Harry M. Wheat. 30. Lizton. clerk, and Verla Brlchert, 26, of 3930 North Capitol i teacher. Henry Bishop. 22. of 718 East McCartv, ! baker, and Dorothy M. Bowman, 19. of 915 North Ewing. William W. Cherry. 22. of *920 7 T oye- 1 former, and Marjorie L. Winslow. 24. cf 4920 Hovey. teacher. _ We Offer American Loan Co/* Tax Exempt Common and Preferred Stock Umphrey & H&rtz 347 Rankera Trust Bid*.

First American Corporation offers the investor Diversified Holdings in the shares of the following LEADING COMPANIES in expanding industries: Air Reduction Company, Incorporated Allied Chemical (k Dye Corporation American Can Company American Gas Ik Electric Company American Radiator h Standard Sanitary Corp. American Telephone a Telegraph Company American Tobacco Company Atchiaon, Topeka 8t Santa Fe Railway Cos. Columbia Gaa Ik Electric Corporation Conaolidated Gat Company of New York Com Product* Rc-uning Company . Electric Bond & Share Company Electric Power and Light Corporation Firjt National Bank of New York. N. Y. General Electric Company Home Insurance Company Humble Oil and Refining Company International Harvester Company National Biscuit Company National Dairy Product* Corporation New York Central R. R. Company Pacific Lighting Corporation Pennsylvania Railroad Company Procter Ik Gamble Company Public Service Corporation of New Jersey Pullman. Incorporated - Sears, Roebuck and Company • Standard Oil Company (New Jersey) Union Carbide (k Carbon Corporation United Gas Improvement Company United States Steel Corporation Vacuum Oil Company Weatinghouse Electric 8i Manufacturing Cos. Woolworth (F. W.) Company PRICED AT THE MARKET (NOW ABOUT sll PER SHARE) Circular on requests Recommended and sold by Fletcker American Company INDIANAPOLIS

PAGE 11

WHO'S WHO OF AMERICA HERE FOR BIG RACE Noted Figures Arriving in City to Witness Test of Auto Speed. The 500-mile Speedway classic is bringing to Indianapolis many of the "Who's Who" of America. Horace Dodge of Detroit, former auto manufacturer, registered at the Claypool. Harvey Firestone, tire manufacturer, and Graham UcNamee, internationally famous radio announcer, have reservations at downtown hotels. Grantland Rice, sports writer, who will be the referee of the speed classic, was due to arrive today. Another visitor to Indianapolis will be Floyd Gibbons, war correspondent and radio announcer, who will ride the Goodyear blimp Defender over the Speedway plant and broadcast the race as he sees it from the air. Through a special broadcast system. Gibbons’ voice will be heard by the crowd of more than 150.000 who will be in the speed arena. The blimp will sail to Indianapolis from Akron, 0., via French Lick. Persons prominent in the automotive industry will make the trip.

New York Bank Stocks

. . —My 28Bid. Ask. America 131 132 Bank of United States ... 62’,, 63'* Bankers 162 163 Brooklyn Trust 808 815 Central Hanover 389 391 Chase National 167 168 Chatham Phoenix Natl .. 138‘i 140 Chemical 74',a i5V* Cltv National 197 198 Corn Exchange 222 Vi 224 Commercial 520 52a Continental 36'* 37 V* Empire 88’i 90 Equitable im 133', First National 5.925 6,000 Guaranty 765 768 Irving 59V* 60 3 * Manhattan & Cos I-* 4 '* Manufacturers 130 131 New York Trust 297 300 Public 135 137 Company Founder Dies ANDERSON, Ind., May 29.—William H. Beacher, 62, one of the founders of the Rowland Title Company, of Anderson is dead at Reynolds, Neb. He leaves two sisters, Mrs. Lulu E. McCray, and Mrs. Clara Hiday, and a brother, Wesley Beacher, all of Anderson.

JF/WILD IN J|STMENT CO j “Leaders of Industry” | Shares A Fixed Trust 129 E. Market Lincoln MB4 1 1 in——p* PURE LINSEED OIL 851.17 Per Gallon Marion Paint Cos. 366 S. Meridian St. RI ley 9165 1 Robert X. Tomlinson J I INVESTMENTS I 824-25 Continental Bunk Rid* I 1 Indianapolis Lin. MlB ]

R.H. Gibson & Cos. Utmbsrt BMW fORK. Cheats and CudMkt Slack ilxckantc.i 320 Circle Tower Indianapoli* Tel. Lineals 2341 61 Broadway NEW YORK 307 Dixie Terminal Bldg. Cincinnati