Indianapolis Times, Volume 42, Number 19, Indianapolis, Marion County, 2 June 1930 — Page 14

PAGE 14

LIGHT SELLING SENDS FUTURE PRICES LOWER Profit-Taking and • Weakness at Winnipeg Held Responsible. By United Press CHICAGO, June 2.—Wheat reacted sharply at the last after short covering had caused a brisk upturn just before noon on the board of trade and prices sold off under profit-taking and on developments at Winnipeg. A small decrease in the visible supply was of only about 1,500,000 bushels rather discouraging. The market was easily influenced and trade was light. Com was very stgpng most of the day and helped sustain wheat, closing with good gains. Oats was up with com. At the close wheat was l’A to I*4c lower; com was % to %c higher, and oats was % to %c higher. Provisions were sharply lower. Liverpool recovered from its late weakness and at the close was unchanged to % cent higher. Buenos Aires was off % cent just before noon. Nothing was heard of export business over the week end. Cash prices were unchanged. Receipts were twenty-two cars. Com was very strong during the morning and by mid-afternoon had advanced well over 1 cent. The lighter receipts than expected and the good cash demand were the chief factors. The amount of old corn still In farmers’ hands is problematical, but can not be large as they are seemingly holding for higher prices. Cash prices were % to I cent higher. Receipts were 148 cars. Oats partook of the strength in corn and advanced around 1 cent with that grain by mid-day. The cash demand was better and with the May delivery out of the way the market acted better. Cash prices were Li cent higher. Receipts were twenty-seven cars.

Chicago Grain Table —June 2 WHEAT— Prev. Open. High. Low. Close, close. July.. 1.07% 1.08% 1.07 '2 1.07 1.08% Sept.. 1.10% 1.11% 1.09% 1.10 1.11% Dec... 1.15 1.18% 1.14V* 1.14% 1.15% CORN— July.. .80% .81% ,80V* .81 .80% Sept.. .81% .83% .81% .83% .81% Dec... .78% .78 .... .76% .76% OATS July.. .39% .46% .39% .40 .39% Sept.. .39% .40% .35% .39% .39% Dec... .43 .43% .42% .42% .42% RYEJuly.. .63% .64% .62% .63 .64V, sept.. .67% .68% .67 .67% .68% Dec... .72% .72% .71% .78% .72% LARD— July. 10.15 10.15 10.10 10.12 10.17 Sept. 10.35 10.35 10.32 10.32 10.37 Dec 10.25 10.32 BELLIES July 13.55 18.60 Sept. 13.60 13.60 13.55 13.55 13.67 /ft/ rime* Special CHICAGO. June 2.—Carlots: Wheat. 18; corn. 248; oats. 91; rye. 1. and barley, 5. 10 FLIGHTS ARE MADE IN GLIDER EXHIBITION Aero Association's Instructor in Hops at Brightwood Airport. Staging its first exhibition for the public at Brightwood airport, 4400 Massachusetts avenue, Sunday, the Indianapolis Aero Glider Association made ten flights with a Cessna monoplane glider. Charles Depka, the club’s instructor, made most of the hops, with the glider launched from a towrope pulled by an automobile. One shock cord flight was made, with fair success. Lieutenant Cecil F. Reynolds of the One hundred thirteenth observation squadron, Indiana national guard, piloted the glider on one hop, his first experience with motorless aircraft. Recently organized, the association plans demonstrations each Sunday afternoon at Brightwood airport, according to Herman P. Roesch, president. It has fourteen members.

25 PLANES NOW ARE READY FOR AIR TOUR Gary. Terre Haute Enter Ships for State Project, Entry of two planes today raised the total of the second annual Indiana air tour squadron to twentyfive, according to Lee H. Hottel, tour director. The Beacon Aircraft Company of Gary entered a Great Lakes Trainer biplane, powered with an American Cirrus motor, and piloted by V. U. Young of Gary. The Foulke Aircraft Sales Company of Terre Haute has entered an American Eagle biplane, piloted by Arthur Foulkes, Terre Haute. C. E. Chatfleld, president, and Dr Douglas H. White, luncheon chairman of the Exchange Club, have arranged a luncheon for tour officials Saturday at Curtiss-Wright hangars. Mars Hill airport. GIRL SUES FOR $20,000 Three South Bend Schoolboys Accused of Criminal Attack. Bu United Press SOUTH BEND, Ind.. June 2. Three South Bend high school students were named defendants in a $50,000 damage suit filed In superior court today by Miss Sally Esther Henry. 19. who charged she was attacked at an alleged liquor party here. The defendants are William Curl Knox Mitchell and Alexander Dick Jr. The affair recently was investigated by a St. Joseph county grand jury, but no true bills were returned. Miss Henry alleged she was beaten and criminally assaulted by the defendants. PARTY WILL NOMINATE District Nationalist Slate to Be Selected Tuesday Night The Seventh district convention of the National party will be held at 8 Tuesday night at the English when a candidate for congress and a county ticket will be selected. John Zahnd. national chairman, will make an address on "My Country.” The call was issued by ..label La Rue, Secretary.

New York' Stocks (By Thomson to McKinnon) ——————

—June 3 _ I Itilrn< — „ *! re T' High. low. 11:30. close. : Atchison 323 *% Atl Coast Line „ •••, JJ®,, Balt 4c Ohio ....112% 113* 113% 111* ; Cheea to Ohio 313 i Cheaa Corn 7* 67% 7* ® u Chi On West IJ* if* Chi N West .... 81% 81* 81* *j* Del LAW Del to Hudson • •• Erie 48* 45* 45* 48* Gulf Mob to Oil • ••,. * Illinois Central. .128* 138* 128* 138* Lou * Nash I Jf* MKto T 50* 50* 50* 51 *,io Pacific 84* 84* 84* ... Mo Pacific pfd NY NH to H ll*f UJ * Nor PacMlc 80* 80* 80* ... o & w . ... Pennsylvania ... 78* 78* V* 78* Bo*paciflc ::: 130* 1% Southern Ry .... 107 108 107 108 ■ St Paul pld ••• p 'M W Maryland 31* 31* 31* 31* Equipments— .. Am Car to Fdy.. .. ... JJ Am Locomotive.. 59* a8 58 58 Am Steel Pd * ••• }3* ! Am Air Brake S .. ... • 4“ Gen Am Tank .104* 104 104* 104* I General Elec ... 84* 83 83* 84* I Gen Ry Signal...... ... * ... Man El Sup I 7 17* N Y Air Brake •• •.. <l* Car V.V 74* -74* 74* 75* ?S^ec B ::i83* 180* i3* life Rubbers— _ Firestone 23> truk 3* 3* Goodrich 44* 40* 40* 40* Goodyear ...... 87* 88* 87 8b Kelly Sprgfleld • <* Lee Rubber .. ••• 7* 7* U 8 Rubber.... 32 31* 31y 32 Auburn 171 169* 169* 168 Chrysler 35* 38* 35* 38* Gardner .; J* 4* Graham Paige .. .. ... ** 8/e General Motors. 50* 50 * 50* 61 Hudson 43* 43*. :: ::: . 19 K loo .B* 82 8 % 8* Packard 17* 17* 17* 17* Reo w ... ..; 11 Vs Btudebaker .... 36* 36* 38* 36* Yellow Truck .. 28* 27* 2i% .26* Motor Access— .... Bendix Aviation 43* 43* Borg Warner ... 37* 37 37* 36* Briggs 22* 22 22 22* Campbell Wy 36* ... Eaton 39* 29* 29* 29* El Storage B •• , 71* Hayes Body .. ... 10/a 10 Houda 19 18* 18% IBV4 Motor Wheel ... 27* 27* 27* 28* Sparks W 36% 26* Stewart Warner. 30% 30 30 29* Tlmkln Roll 74% 74 74 74 Mining— - Am Metals 40* ... Am Smelt 73* 73* 73* 71% Am Zinc 12 11 11 11 Anaconda Cop.. 61% 60% 61% 60% Cal to Hecla 19* 19* Cal to Arlz 64% 64 64 Cerro de Pasco. 54% 54* 54* 54* Freeport Texas 48* Granby Corp 33 * Great Nor Ore.. 21% 21* 21* 21V* Howe Sound 33* 33% Int Nickel 33% 33 33 33* Inspiration 20% 20 20* 19* Kennecott Cop.. 49 48* 49 48% Magma Cop 36 35 Miami Copper.. 22 21% 22 22 Nev Cons 20* 20* 20* 20* Texas Gul Sul.. 59* 59* 59* 60% U 8 Smelt 27* 27* Oils— Amerada 28* 25% 25% 27* At! Refining.... 44 43* 43* 43* Barnsdall 27 27% Houston 102% 101 101 102 Ind Oil 25% Indian Refining.. 18% 18* 18% 18* Mex Sbd 30% 3C* 30% 30* Mid Conti 28 Vs 28% 28% 28* Phillips 38* 38% 38% 38 Pr Oil to Gaas.. 46% 46 46 46* Pure Oil 22% 22% 22% 22* Richfield 22* 22% 22% 23 Roval Dutch 53 52* 53 53% Shell Un 21% 20% 21% 21 Sinclair 28 27% 28 27% Skellv .. ... 36* 36 Standard of Cal 71% 70% 71% 70* Standard of N J 80* 79* 79% 80* Standard of NY 37 36% 37 37% Texas Cos 58* 58* 58% 53% Union Oil <5% 45% Am RoTmUIs .. 70% 70 70 69 Bethlehem 95* 94 94 95 Byers A M 101* 99* 100~, I®o Colo Fuel 66% 64% 66 * 64 Ludlum 36% 36 36 36 Newton ... 50 50% Repub Ito S ... 55 54% 64* 54% US Steel 173* 172% 173% 173* Vanadium 122% 120% 122* 122 Youngst S to W. .. <0 Tobaceoa— Am Sumatra ... ... ... 15* Am Tobacco (At .. ... 260* Am Tob (Bt ... 268% 267 268 * 266% General Cigar 51% ... Llg * Myers ...107* 107* 107% 107 LoriUard 2*% 24% Remolds Tob ... 52% 51* Tob Pr A ...... .. ... ... 10% Tob Pr B 8% ,8% United Cig 8 77a 8 7% Adorns* Exp" 31% 3171 31* 31* Am For Pwr 87% 86 87 86* Am Pwr * Lt. -109* 108* 108* 108* A T t T 332% 232 * 233 * 231 % Col Gas & E 1.... 88 83* 88 83* Com to Sou 18 17* 17* 17% El Pwr to Lt.... 95% 94* 95* 94* Gen Gas A 137s 13% 13% -14 Inti Tto T 64% 63% 63% 64% Natl Pwr to Lt.. 50% 49% 50* 49% No Amer C0....127* 12674 127* 127, Pac Gas & E 1... 68% 88 * 68 * 68* Pub Serv N J... 116 115 115 115% So Cal Edison ~ 66 Std G to El 119* 117 119* 118% United Corp ... 45% 4571s 45* 45% Ut Pwr to L A.. 41% 41* 41* 41 West Union -.. 1827a Shiplng— Am lntl Corp.. 46 45* 46 16 Foods — . Armour A 6* 6% Cal Pkg 68 Can Dry 70 6974 69% 6974 Childs Cos 65% 6574 65'e 65* Cocv Cola ... 180 185% Cont Baking A. 32* 32 32 31% Corn Prod 108* 108% 108* 10874 Cudahy Pkg 43* Cuban Am Sug. .. ... ... • 6% Gen Poods 5974 5874 58% 5874 Hersey 10874 107% 10874 10874 Kroger 34% 33 33 3374 Nat Biscuit 937a 92* 9374 ... Safeway St 9971- 997 99 74 9374 Std Brands 2474 2374 237 237a Ward Bkg 1174 11 Drugs— Coty Inc 2774 2774 2774 27* Lambert Cos .... 97 96 * 97 96% Lehn & Pink ... 287, 28* 2874 29 Industrials— Am Radiator .. 3274 32* 32* 33 Bush Term 427s 437a 8274 *2., Certainteed 9* Gen Asphalt ...... ... 60 5974 Lehigh Port ... 36* ... Otis Elev 7674 75 7574 75% Indus Chems— Allied Chem 318 316 318 315 Com Solv 30* 29% 30* 3074 Union Carb .... 85% 84 857 86 U S Ind Alco 887s 8974 Retail Stores — Assoc Drv Gds 44 44* Gimbel Bros .... 1874 18* 1874 1774 Kresge S S .... 31% 31% 3174 31%

Produce Markets

Eggs (country run) —Loss off delivered j in Indianapolis. 17c; henery quality. No. 1 ! 20c: No 2. 15c. Poultry (buying prices)—Hens, weighing : 4'i lbs. or over. 20c; under 4U lb*., 20c; ! Leghorn hens. 17c; springers. 4 lbs.- or ! over 27c; under 4 ibs.. 21c; broilers. 1930. 25c; old ! fat, white!; 9c. geese, 6c. These prices ; are for No. 1 top quality quoted by Kingan & Cos. Butter (wholesale) —No. 1 35936 c; No 2. 33'a 34c. Butterfat—32c. Cheese wholesale selling price per 1 pound*—American loaf. 31c; pimento loaf, i 32c: Wisconsin firsts, 27c; Longhorns. 34c; New York Ilmberger. 35c. Bu United Press CLEVELAND. June 2.—Buter—Extras. 36c: extra firsts, 36c. Eggs—Extras. 23c; firsts. 22c. Poultry—Fowls. 246 25c; meoium. 246 25c; Leghorn. 20621 c; heavy springers. 35 9 40c; Leghorn springers. 256 30c: ducks. 15623 c; old cocks. 12914 c; Seese. 10615 c. Potatoes—Maine, Green fountain. *3.50 per 120-lb. sack; Idaho I russet. *4.3564.50 per 100-lb. sack. | Bi< United Press CHICAGO. June 2.—Eggs—Market firm: I receipts. 37.297 cases: extra firsts, 21%c; I firsts. 20 ordinaries, 166II‘ic; seconds. 17c. Butter—Market easier; re- ; ceipts. 26.520 tubs: extras. 32c: extra firsts. 30@30’ic; firsts. 28929 c; seconds. 26ft ! 27 l iC: standards. S2c. Poultry—Market easy: receipts 4 cars; fowls, 19c: spring- : ers. 21c; Leghorns. 15c; ducks. 13c; geese. 12c: turkeys. 20c: roosters. 13613’be: broilers. 30638 c. Cheese—Twins. 17617'4e; young Americas. 18’ac. Potatoes On (rack. 223: arrivals. 168: shipments, 973: market, both steady; Wisconsin sacked round whites. $2.6562.75: southern sacked bliss triumphs. 13.6563.75. B" United Press NEW YORK. June 2. —Flour—DulL but firm; spring patents. *5.8566.25; quiet: mess. *32. lardv. steady: middle west spot. *10.55910.88. Tallow—Quiet: special to extra. SS6s’c. Potatoes—New. firm: old dufi; Southern. 81.7566: Maine. 93.25 94.75. Sweet potatoes—Sasy; Jersey, basket. EOc' - : 83.25. Dressed poultry—Quiet: turkeys. 25 943 c: chlegens. ’7944c: fowls. 14929 c: ducks. Long Island. 19920 c. Live poultry— Firm: geeae. 12614 c; ducks. 14923 c; fowls. 29637 c: turkeys. 15925 c; roosters. 12915 c: broilers. 16945 c. Cheese—Quiet: state whole milk: fancy to special, 34626 c: young America. 19625 c. Bu United Press CINCINNATI. June 2.—Butter, steady: creamery tn tub lots according to score. 30633 c: common score discounted. 293 c: packing stock No. 1. 35c: No. 2. Me; No. 312 c: butterfat. 28633 c. Egg*—Higher: cases . included: fresh gathered. 2HLc; firsts. 20c: seconds, lie: nearby ungraded. 19’ic. Live poultry—Thin and coarse stock sells only at heavy discount: fowls. 5 lbs. and over. 19c; 4 lbs. and ovar. 31c; 3 lbs. and over. >lc: Leghorns. 3 Ibs. and over. 16c: rooster*, lie: broilers, colored, over 2 lb*.. *6c: broilers. Hi lbs. and over. 33c: iv lbs., over 30c: Leghorn and Ornington brokers. Hi lbs and over. 27c:

May D Store 5274 52 Mont Ward 47 45* 46% 4474 Penny J C 67 67 Schulte Ret Bt 9% 9% Scare Roe 8674 *774 88* 87* Woolworth 63% 63 * 63 * 6374 Amusements— Bruns Balke 2074 20 Col Graph 2874 2374 28*a 28 Crosley Radio 18 Eastman K0d...243 241 243 240 Pox Film A 54% 5374 5374 5474 Grigsby Gru 26% 26* 26* 26* Loews Inc 91* 907, 90* 90* Param Fam 69% 69 * 697, 69* Radio Corp 55% 53* 54* 54% R-K-O 43% 4274 437a 42* Schubert 35* 247, 257a 247, Warner Bros .. 647, 6474 6474 64 s , Miscellaneous— Airway App .... 3074 29% 3074 29% Corgoleum 147, Am Can 148% 14774 148 1487, Cont Can 667, 657* 65 * 66% Ciltis Wr 9% 9*4 97, 974 Gillette S R .... 8874 86% 877a 8774 Real Silk ‘.. 54 5374 53* 5274

In the Stock Market

(By Thomson to McKinnon) NEW YORK, June 2.—Probably striking the keynote in the condition of general business, the largest bank of the country says “the thing to be guarded against at the present time is an excess of pessimism just as an excess of optimism was the basis of danger a year ago.” Does it not seem reasonable that about the only thing business needs now is a change in its frame of mind? That we have ample grounds for viewing the business outlook with optimism we have only to look to the detailed description of findings of the National Business Survey as reported by Barnes. Giving us an idea of what has been accomplished further and closer at hand, we have the Montgomery Ward report showing sales for May to exceed by 26 per cent the amount of the same month a year ago. This along with the previous information of rising retail sales of department and chain stores, can mean only that goods are going into consumption. It is fair to assume, we believe, that manufacturers will soon be called upon to replenish stocks of merchandise. In the meantime, industry generally, with these signs of enlivening trade, may anticipate the improvement by enlarging production. Then no little anxiety on the part of many lines of business will be removed with the decision upon the tariff, which should be reached in a few days. We feel there are good reasons for believing business is definitely on the up grade, and that its pace is likely to be accelerated from here on. Consequently, we anticipate greater activity and better prices in the stock market.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Monday, June 2, were $3,485,000: debits. $6,767,000. CHICAGO STATEMENT Bv T'nitrd Press CHICAGO. June 2.—Bank clearings. $115,300,000; balances. $24,800,000. NEW YORK STATEMENT By Vnltrd Press NEW YORK. June 2. —Bank clearings. $933,000,000: clearing house balance. $141.000.000: federal reserve bank credit balance. $127,000,000. TREASURY STATEMENT Bn United Press WASHINGTON. June 2.—Treasury net balance on May 28 was $114,310,519.44; customs receipts for the month to that date totaled $47,906,438.50: ogvernment expenditures on May 28 were $4,638,209.73.

Investment Trusts

(By James T. Hamill Company l Bid. Ask. Am Pounders (new) 17% 18% Basic Industry Shares 9 9% Corporate Trust Shares 9% 10 Diversified Trust Shares (B) .. 21* 21% Diversified Trust Shares (A).. 25 * Diversified Trust Shares (C).. 9 9* Fixed Trust Shares (A) 21% Fixed Trust Shares (8)....... 19% Investments Trust of N Y 11 11* Leaders of Industry 11% 12* No Am Trust Shares 9% 10* Power to Light Sec Trust 65 67 Reybarn to 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 to Power Shares (Bi. 12* 12%

New York Bank Stocks

—May 29 ' Bid. Ask. America 129% 131 Band of United States 61 % 62% Bankers 162 163 Brooklyn Trust 807 815 Central Hanover 388 391 Chase National 167% 168 Chatham Phoenix Natl 138 }4O Chemical 73 76 City National 196'% 199 Corn Exchange 22% 223% Commercial ....515 525 Continental 36 37 Equitable 133% 134 Guaranty 765 768 Irving 60 60% Manhattan & Company 134 134% Other Livestock Bn United Press CINCINNATI, 0.. June 2.—Hogs—Receipts,- 8,100; including 3,800 direct; held over none: active; generally steady; bulk and choice 160 to 250 lbs. $10.40010.65, mostly $10.50®10.65; top paid freely for 170 to 230 lbs.: heavy butchers limited around 280 to 320 lbs., $100,10.25: light lights and pigs. 120 to 150 lbs.. slo® 10.25; bulk sows. $8,750 9. Cattle—Receipts. 1.300; calves. 500: quality less desirable than a week ago; trade uneven and Indifferent on weighty heifers; lqw grade steers, yearling and handy weight heifers steady $10.50 011.50; lower grade steers. *8@10: good around 800 to 850 lb heifers, $10,250 10.75; beef cows. $7 0 8.50; low cutter and cutters, $506.50: bulls. 56.5008; vealers, setady; top. 110.50; undergrades, *[email protected]. Sheep—Receipts. 7&0; steady: bette’ grade lambs. top "aid freely for rail shipments: common and medium, v8®10; bucks up to $11; old crop lambs now termed yearlings absent; best mutton ewes $505.25: common sheep $3.50 down.

Births Bots Walter and Edna Striggo. 418 lowa. Oral and Beatrice Wallace. 52E La Cled. Leander and Jessie Smith, Christian hospital. Robert and Marguerite Le Lap, 1208 St. Paul. Charles and Estther Esamann, 1445 Reisner. Prank and Florence Thompson, 2629 Indianapolis. Girls Ray and Leila Fire. 1405 Castle. Herbert and Violet Winburn, 3411 Carson. Chester and Lillian Wiedeman, 1023 St. Paul. Harvey and Glenna Skaggs. 2845 North Denny. Thomas and Della Kinnevey, Coleman hospital. John and Medelia Keith, Coleman hospital. Deaths Mary E. Wilson, 38.* Long hospital, broncho pneumonia. Aaron Cohen, 65, 2429 Stews rt, carcinoma. Macie Dawes. 27. Methodist hospital, intestinal obstruction. Arthur M. Torelle, 49, 2112 North Delaware. inanition. Edward O. Keefe. 55 3121 North Illinois, arteriosclerosis. Martha Bell, 64. city hospital, nephristis. Robert Joseph Roy, 4 days, St. Vincent hospital, atelectasis. Bertha Perlee, 61, 915 Eastern, carcinoma. Edith Stanford, 46. Central Indiana hospital, pulmonary edema. Harold H. Behvmer. 23. Central Indiana hospital, broncho pneumonia. Robert P. Doll, 12. city hospital, accidental. Florence Wearer, 34. 215 West Twelfth, apoplexy. Infant Belcher, 19 minutes, 423 Blake, asphyxiation. Martha S. 3s under. 69, 1129 West Thirty-second, cerebral hemorrhage. Ann* L. Guerin. 68. 1501 Roosevelt, chronic myocarditis. Laura Nixon CoTal. 82. 2911 Broadway, arteriosclerosis August Cornell. 65. city hospital, accidental. * Stairway Fall Fatal GARY, Ind., June 2.—A fall on stairway in her home was fatal to Mrs. Anna Zabcrowski, 55. after she returned on Memorial day from decorating the grave of her son, a World war veteran.

THE INDIANAPOLIS TIMES

SWINE TRADES SHOW WEAKER TONEAT PENS Slaughter Classes Slow in Cattle Mart; Sheep Hold Unchanged. May Bulk Ton Receipts 23. $10.40® 10.50 10.50 5.500 24. 10.4?®"-0.50 10.50 4,500 26. 10.40 10.50 6.000 27. 10.30 ■ ' "10.30 8.000 28. 10.30@10 *0 10.45 8.000 29. 10.60 10.70 5.500 June 2. 10.40 (Si 10.50 10.50 8.000 Slight weakness was apparent in hog trade at the union stockyards today, prices for the most part declining 10 cents. The bulk, 160 to 275 pounds, sold for $10.40 to $10.50, top price being $10.50. Receipts were estimated at 8,000, holdovers were 178. Cattle receipts were 750 with slaughter classes slow. Vealers were steady at sll down. Calf receipts were 600. Sheep were setady with receipts of 8,000. Better grade lambs made the market at $lO t05‘12.50; a few sold at $12.75. Chicago hog receipts were 66,000, holdovers, 1,000. Opening sales and a few bids steady with Thursday’s average. An occasional load of choice 180 to 220-pound weights sold at $10.40 to $10.45; 220 to 230pounders brought $10.25 ot $19.30 Cattle receipts were 20,000; sheep 12,000.

—Hoirs— Receipts. 8,000: market, lower. Heavies, 300 lbs. up $ 9.75(310.15 250-300 lbs 10.25(3 10.40 Med. wts.. 25-250 lbs [email protected] 200-225 lbs 10.50 Light wts., 160-200 lbs 10.50 130-160 lbs .*... [email protected] 90-130 lbs [email protected] Packing sows 8.50® 9,50 -CattleReceipts. 750: market, steady. Beef steers. 1,100-1.500 lbs. good and choice $11.00(313.25 Common and medium [email protected] Beef steers. 1.100 lbs. down, good and choice 10.75(f?i 13.00 Common and medium B.oo@ 10.75 Heifers. 850 lbs. down, good and choice [email protected] Common and medium [email protected] Cows, good and choice B.oo® 9.50 Common and medium 6.00® 8.00 Lower cutter and cuter 4.25@ 6.00 Stocker and feeder steers, gcod and choice [email protected] Common and meduim 7.00® 9.00 —Vealers— Receipts, 600; market, steady. Medium and choice $ [email protected] Cull and common 5.00@ 8.00 —SheepReceipts. 800; market, steady. Lambs, godd and choice $11.50(313.00 Common and medium [email protected] Ewes, medium to choice 4.00@ 5.50 Cull and common 2.00® 4.00 \ Other Livestock 8 ChFcAGo!' rs June 2.—Hogs—Receipts, 66.000. Including, 38,000 direct; steady to 10c higher than Thursday’s bst prices; top. $10.50 paid for 160-200-lb. weights; active to snippers and small packers; butchers, medium to choice. 250-350 lbs., $9.75(310.35; 200-250 lbs., [email protected]: 160200 lbs.. [email protected]: 130-160 lbs.. $9.85® 10.50; packing sows, [email protected]; pigs, medium to choice. 90-130 lbs., $9.25® 10.25. Calves—Receipts. 300; generally steady to strong trade; market rather slow and uneven: largely due to liberal water fills; shippers demand broader; best steers early. sl4; slaughter classes, steers, good and choice, 1300-1500 lbs., $12.25(314.25; 1100-1300 lbs.. $11.75@14; 950-1100 lbs., sll sC@l4; common and medium, 850 lbs. up. $8(312.50; fed yearlings, food and choice. 750-950 lbs., $11.50® 3.50; heifers, good and choice. 850 lbs. down. slo® 12; common and medium, s7® 10.25; cows, good and choice. sß<3>lo; common and medium. $6.75®8: low cutter and cutter, $4.75® 6. 75; bulls, good and choice, beef, $7.65@9‘ cutter to medium. [email protected]: vealers. milk fed. good and choice. $11@13; medium. s9@ll; cull and common. $6,50(39: stockers and feeders steers, good and choice, all weights. $9.75 @10.75; common and medium, $7.50® 9.75. Sheep—Receipts. 12.000; mostly steady: lambs. [email protected]; yearlings. $10.25 ® 10.50; fat ewes, $5.50 down; effective June 2. new crop lambs will be classified as lambs; lambs, good and choice, 92 lbs. down. $12.75®13.65; medium. $11.25®12.75; cull and common. [email protected]; ewes, medium to choice, 150 lbs. down, [email protected]; cull and common, [email protected].

Bu United Press PITTSBURGH. June 2.—Hogs—Receipts, 3.750: market. 10c to 15c higher r, tan Saturday; 150-210 lbs.. $11011.50; 220-250 lbs., $10.75® 10.90: 260-300 lbs.. $10.25® 10.65: 100-120-lb. pigs, $10.50; cows, steady at $8.50 09. Cattle—Receipts. 650; market, steady; few early steer sales shade higher: top. $12.25; bulk drv fed steers. $11@12: grass kind. $9070.50; most fat cows, $6.50 08.50; heavy neifers. $7070; bulls. $7.50 ®9. Calves—Receipts. 1.500; market, steady; top vealers. sl2. Sheep—Receipts. 3.150: market, steady to strong: bulk, good and choice lambs. $12@13: vearlings, slo® 11; shorn aged wethers. ss@6. Bn United Press TOLEDO. June 2.—Hogs—Receipts. 450: market. 10015 c higher: heavies. $9.50010; mediums. $10.350 10.40: Yorkers. $9.500 10; pigs .$9.50010. Cattle—Receipts. 100; market, steady. Calves—Receipts, light: market, strong. Sheep—Receipts, light; market, steady. Bn Un ■"//>Press CLEVELAND. June 2.—Hogs—Receipts, 3,300: holdover none, steady: 160-210 lbs.. $10.75; 220-250 lbs.. $10.65: 260-300 lbs. and plain quality mixed weights. $10.50; pigs, $10.25! rough cows, $8.75; stags. $6.75. Cat-tle-Receipts, 750; uneven, around steady; slowness centering on good steers with weight, selling upward to sl2 ad above. $10011: kinds, strong; fat cows, mostly. [email protected]: cutter grades, $5 0 6.50. Calves— Receipts, 1.000: vealers, strong to 50c higher than Thursday. 50c to $1 over forced sale Saturday, bulk sl2 down: top, $12.50: medium. $10011.50; culls downward to $9. Sheep—Receipts, 1.100: new crop lambs, scarce. 25®50c higher, upwards to $13.25 and above, clipped offerings now termed vearlings. 75c to $1 up. choice drv feds. sl2! bulk grassy and plain. sll down. Sheep—Steady; fat ewes, $4.5005.75. Bn United Press EAST ST. LOUIS. 111.. June 2.—Hogs— Receipts. 23.000; market steady to 5c lower; bulk. 160-360 lbs.. $10.30 to mostly *10.35; top. *10.40. Cattle—Receipts. 5.500. Calves —Receipts. 2,000; steers, slow; mixed vearlings. heifers and medium bulls, steady; cows and low cutters, steady to short traders: otherwise, slow; vealers. 50c higher at *11.50. Sheep—Receipts. _6.a00; market, nothing done early; bidding 25c or more lower on lambs. B'> Times Special LOUISVILLE, June 2.—Hogs—Receipts, I. market. 10c higher; 300 lbs. up. $8.75: 225-300 lbs.. $9.80; 165-225 lbs., $10.40; 130-165'1b5.. $9.60; 130 lbs. down, $7.60: roughs, $7.05: stags, $6.45. CattleReceipts, 800; market, best steady, others 25c lower; prime heavy steers. $10.50® 11. heavy shipping steers. 59.50® 10.50; medium and plain steers. $8.25 0 9.50; fat heifers. $7.500 11: good to choice cows, *6.5008.25; Medium to good cows, $5,500: 6.50; cutters. $505.50; canners. $3.50® 4.50; bulls. $607.50; feeders. $8010: Stockers. *6.750 9.50: calf receipts. 800: market, steady; tops. *9; good to choice. *709; medium to good, *5.500 7; outs, $5 down. Sheep—Receipts. 2,200; market, steady; ewe and wether lambs, $12.50; 2 loads choice. *12.75; buck lambs. $11.50; seconds and fed lambs. $707.50; clipped sheep. $405. Saturday and Sunday shipments—Cattle, none; calves, 325; hogs, 143; sheep, 1,376.

Bit United Press PITTSBURGH. June 2 —Hogs—Receipts, 2.750: market. 10c to 15c higher than Saturday: 150-210 lbs.. 811611-50 : 220-250 lbs., 310.75910.90 : 260-300 lbs.. *10.25610.65; 100-120-lb. Digs. *10.50: cows, steady at *8.5099. Cattle —Receipts. 650; market, steadv: few earlv steer sales, shade higher: top. 812.25; bulk dry fed steers. *11612: gr*Ss kind. *9610.50: most fat cows. *6.50 98.50; heavy Heifers. *7610: bulls. *7.50 69. Calves—Receipts. 1.500: market, steady: toD vealers. *l2. Sheep—Receipts. 3.150: market, steady to strong; bulk good aan dchoice lambs. *12613; vearlings. *lO @11: shorn aged wethers. *566. B" United Press FT. WAYNE. Ind.. June 2.—Hogs—Receipts. 500: cattle. 100: calves. 200: hog market. 10c lower: 90-110 lbs.. *9.35: 110130 lbs- *9.60: 130-150 lbs.. *9.85: 150-160 lbs.. *10: 160-180 lbs- *10.20: 180-200 lbs., *10.30 : 200-225 lbs- *10.20 : 225-250 Ibs., *lO.lO : 250-300 lb*.. *10: 300-350 lbs.. *9.80' roughs. *8.50; stags. 88; calves, *10.50; lambs. *9. J n-*ed Press _ EAST BUFFALO. June 2—Hogs—Receipts. 6.400; holdovers 100; mostly 10c to 15c higher: Digs and cows, steady: desirable 160-230 ibs.. 810: 240-270 lbs.. *10.75 610.90 : 270-300 lbs.. *10.50610.75: bulk sows. J 9.25: new. *9.50. Cattle—Receipts. I. fed steers, yearlings and heifers strong to mostly *11.75612 50: a load around 1.100 lbs. set ers. *12.75; medium kinds. *10.50911.25: fat heifers, *10.509 11. cutter grades *466.50; medium bull*. *7.2598. Calves—Receipt*. 1,300: vealers 50c higher than Saturday: good to choice. 812.50 to mostly 813: medium sorts. *lB 50611.50. Sheep—Receipts. 3,000: fat lambs about steady geod to choice. *l3 611.50: medium. *10612; old crop lambs mow termed yearling*!. 50c lower; bulk better grades, *11.25611.50; fat ewes ateady mostly. *598.

BELIEVE IT OR NOT

#VnS<*i\CKC>9h(\g£ \ " ■ OAT HAMMER' A Curiosity 04 r\&ture - DRUG - -• fiARTNERI Six springs of six different minerals in one spot GRUB . .. ”.., ugly BROMIDE.- SULPHUR-MAGNESIA-CALOUM- Af- —“ .. I 11.. I, fcUILT 'WjntTi' SATURDAY'S <3‘K4STON , / , ■ _ /*“ Physicists agrie that The. Parabola offers least . - " T j ——resistance To air. —or water • £ 1930, Ktag Features Sewtieata, tae. Great Britain nfhts marred.’

Dow-Jones Summary

Iron ore shipments from Lake Erie docKS to interior furnaces during the first thirty days of Mav totaled 3.148.594 tons, agains„ 4,961.980 tons a year ago. Employment in fifty-one major plants, mainly automotive, in week ended May 30 totaled 25.726. a decline of 420 from previous week and comparing with 42,600 a year ago. Zenith Radio Corporation has issued license to Utah Radio Products Company for use of its automatic and remote control radio patents. Banco-Kentucky Company has acquired half interest in Caldwell to Cos.. Nashville Investment bankers and Rogers Caldwell was acquired substantial interest in BancoKentucky. Midwest Steel Corporation formed by National Steel Corporation to be operating subsidiary in Chicago district and will build steel mill to cost between sto,000,000 and $50,000,000. Fisher’s wholesale commodity price index 87.8 in week ended May 30, agarast 88.4 in previous week. California Crude Oil output in week ended Mav 31 averaged 598. 200 barrels daily, decrease of 17.200 barrels daily from previous week, according to California Oil World. - Exports of agricultural implements in April totaled $11,340,174 against $12,031,417 ta April. 1929. according to commerce department. Smaller shipments of tractors and combines principal factor in decline. Cos >per-Bessemer Corporation books orders amounting to $522,000 for gas engine driven compressors in week ended May 17. Glenn L. Martin Company received contract for twenty-five ying boats and spare parts valued at $1,400,000 from Navy department.

Railway Express Agency, Inc., reports March rail transportation revenues of $10,761,765 after taxes, interest, etc., and available for payments to participating railroads and other carriers for express privileges. London-New York cables opened at 4.85 27.32. against 4.85 29-32, Paris checks 123.93. Amsterdam 12.08, Italy 92.745, Berlin 20.36. Lee Rubber and Tire Corporation six months ended April 30, 1930. net loss $74,614 after depreciation and charges againsc net profit in six months ended April 30, 1929. off $227,270 equal to 70c a Share on 300.000 no-par shares. Electric Bond and Share Securities Corporation declared regular quarterly

Indianapolis Stocks

—June 2 Bid. Ask. Amer Ctutral Life 7ns C0....1.000 ... Belt RR & Yds Cos com 60% 63% •Belt R R & B Yds Cos pfd.. 56 60 Bobbs-Merrill Cos 30 33% Central Ind Pow Cos pfd...... 89% 92% Circle Theater Cos com 106 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 Claypool com.. 125 Indiana Hotel Cos pref 101 105 Indiana Service Corp pref 86 ... Indianapolis Gas Cos common.. 57 61% Indpls Power & Lt Cos pfd....105 106% Indpls Pub Wey Loan As com.. 53 Indpls St Ry Cos pfd 10 ... Indianapolis Water Cos pfd .. 99 100% •Interstate USCopr 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% Progress Laundry Cos c0m.... 46 48% 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 Hiute 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 98% - Citizens Gas Cos 5s 102 103 Citizens Street Raliroad 55... 42 Gary St Ry Ist 5s 65 Home T & T of Ft Wayne 6s. 101% ... Ind Northern Trac Cos S 5 Ind Rv & Light Cos 6s 96 Indiana Service Corpn 6s .... 88 Indpls Power & Light Cos 55.. 99% 100 Indiaia Union Trac Cos 55.... 7 Indpls Col <fc Trac. Cos 6s 94 99 Indianapolis Gas Cos 5s 99% ... m Indpls & Mart Rapid T Cos 5s * Indpls No Trac Cos 5s 10 indpls North Western Cos Indpls Street Ry 4s 99% ... Indpls Trac Ter Cos 5s 80 indpls Union Ry 6s 100% ... Indpls Water .Cos 5%s 102% 104 Indpls Water Cos 5s 96% ... Indpls Water Cos lieu & ref... 92% 94% Indpls Water 4%s 93% 94% Indpls Water W Sec Cos 55.... 88 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 5* 101 ... No Ind Telegraph'Co 8s 87% 100 T H Ind & East Trac Cos 55.. 64 T H Trac Light Cos 5s Union Trac of Ind Cos 6s .... 17% ... —Sales— Citizens Street Railroads. 1 bond flat at 42 Cent Ind. Pow Cos. ofd., 10 shares at ..90 Indpls St Ry Cos pfd. 14 shares at.... 10 —Sale*— Indpls Col * Trac Cos 6s. two bonds at.. 94 Indpls Coi & Trac Cos 6s. 3,300 bonds at.. 93

We Make REAL ESTATE FIRST MORTGAGE LOANS FARMERS TRUST COMPANY - 1M East Market Btract Riley 4MS

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

dividend of 3-50th of a share in common stock on common payable July 15, record June 7. Ford Motor Car Company reduced prices of cars and trucks with exception of roadster and phaeton ranging from $5 to $25. Retail deliveries of cars and trucks this year to May 20, totaled 610,057. Stocks of crude rubber at London on May 31 totaled 77.198 tons, increase 245 tons over preceding week. Electric Bond to Share Cos., declared regular quarterly dividend of 1* per cent in common stock on common payable July 15, record June 7. Lake Erie coal dumpings during first thirty days of May totaled 5,106,250 tons, a record for any similar period and comparing with 4,424,450 tons last year. International Combustion Engineering reports net loss of $767,442 after Interest. depreciation, foreign income taxes and charges in period from Jan. 1 (o Dec. 19, 1929, against net profits of $3,237,194 in year ended Dec. 31, 1923. Montgomery Ward May sales $25,050,304. increase of $5,170,500 over May. 1929. Five months $106,195,803, increase of $5,341,902. Robert C.' Adams, vice-president in charge of bond department of Equitable Trust Company and Equitable Corporation has been elected vice-president and director of Bancamerica-Blair Corporation.

LAST RITES TO BE HELD FOR MRS. CARR Wife of Former City Man to Be Buried Near Lafayette. Funeral services for Mrs. Laura Carr, 34, wife of McKinley Carr, former Indianapolis resident, who died at Le Mesa, Cal., will be held at 10:30 Wednesday morning at the home of J. C. Carr, a brother-in-law, of 4600 Millersville road. Mrs. Carr formerly was Miss Laura Louise Adams of Brooklyn, N. Y., daughter of the Rev. and Mrs. John E. Adams. The couple wedded at Brooklyn in 1922 and came to Indianapolis to reside. Five years ago they moved to California. Mrs. Carr was a graduate of Smith college and a member of the Woman’s Overseas League. Her parents and a sister, Marguerite, survive her besides her husband. The Rev. Howard Wells of East Cleveland, 0., will conduct the services. Burial will be at Springvale cemetery near Lafayette, Ind, Get SB4 in Safe Robbery Knocking combination off the safe and chiseling an inner door, cracksmen got SB4 cash from offiee of the Premier Stamp Company, 802 State Life building, Sunday night, police were told.

James T. Hamill & Company BROKERS % Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Batik Bldg. Tel., Riley 5493 Riley 5194 (^lnvestments mETCHER. AMERICAN • COMPANY • tadiaaa'a Largest Investment Bosae | Robert K. Tomlinson | I INVESTMENTS 1 BX4-15 Continental Beak Bldg. ■ Indianapolis Lla. MIB ||

Rk? Registered 0. S. Up \ Patent Office. RIPLEY

RATES ARE HALVED Kennecott Subsidiaries Cut Cash Annual Dividends. By United Press NEW YORK, June 2.—Dividend rates of both Utah Copper Company and Nevada Consolidated Copper Company, Kennecott Copper Company subsidiaries, were halved by directors of the respective organizations today. Utah’s dividend was cut from sl6 annual cash basis to SB, while Nevada’s was cut from $3 to $1.50 annually.

Local Wagon Wheat

City grain elevators are paying 99c foi No. 2 red wheat and 93c for No. 2 hare wheat.

“Makers of Future Prosperity” Every forward looking investor can profit by reading in the June 4th Financial World Mr. Frederick Hanssen’s article with the above heading. This article is remarkable for its vision into the future. It portrays an extension of American prosperity through the development of new wants that will add to the welfare and happiness of the people. Mr. Hanssen points out some of the large new industries that should result from the progressive trends to higher living standards. He points out specific companies that are likely to profit materially from three great developments that appear reasonably near realization on a large scale and which will revolutionize various phases of our existence. Other features of our June 4th issue are: Will Montgomery Ward Come Back? Profit Possibilities in Warrants An Undervalued Industrial Giant To accquaint you with the value of our Threefold Investment Service (price SIO.OO yearly) we offer you our June 4th issue free. Simply return this “ad” with your address. Financial World America’s Investment Weekly Louis Guenther, Publisher latsblished 1902 53-Q1 Park Place New York

Wc arc pleased to announce that we have this day acquired the brokerage business of D. T. Fisher & Cos. If asthma Okag* Baaed •/ Trade FNtWsTM, Inlißtf and that MR. D. T. FISHER kacW ChUtsgu Beard / Trade has been admitted to general partner* ship in our firm and will act as resident manager of our FORT WAYNE OFFICE First A Tri-State Bank Building R. H. Gibson & Cos. Hiakwr Kaw Y.rk StMk luknft CWlaagoßtoakSaabaago Chics* S.ard *f Trad. Ciaeiaa.tl St.ek Xithtai* N.wYorkCarhlawk. CAaeea.) New York Cincinnati Indianapolis Fort Wayne June 1,1*39

JUNE 2,1930

STOCK SHARES 1 SELL DOWN IN - SLOW SESSION All Groups Show Evidence of Sales Pressure; Steel Weak.

Average Stock Prices

Average of thirty industrials for Thursday was 275 07. up 1.23. Average of twentv rails was 142.86. off .45. Average of twentv utilities was 102.95, up .96. Average of forty bonds was 95.25. oft .09. Ru Vnitrd Prc** NEW YORK. June 2.—Stocks, drifted lower in dull trading today after an irregular opening. Losses ranged to 3 points and in a few exceptional Instances higher than that. All groups were affected, but no particular stock was singled out. A few issues managed tr move against the trend, but none made a spectacular showing. i Air Reduction was a feature, rising to anew high for the year at 154 *, while J. I. Case stood out on the downside with a loss of h j points to anew 1930 low at 276. Steel Sells Off Steel common went to 173, off %. Radio Corporation lost ; to 54. American Can % to 147*, Fox Film A 1 to 53* and Worthing Pump 5 to 164. Montgomery Ward responded to an increase of 26 per cent in May sales as compared with the 1929 month, rising nearly 2 points to • 46%. Smeller gains were made by some of the amusements including Radio-Keit.h-Orpheum and Paramount Publix; some of the oils, notably Amerada and Sinclair; Missouri, Kansas, Texas in the rails and American Waterworks in the utilities. Motors Weak United Stores issues were active ( in the retail tobacco stocks. The A stock rose 1* points to 11. United Cigar Stores and Tobacco also were firm and active. Ford price cuts had some effect on motor shares. General Motors sold off nearly a point, but this was caused mostly by reduction in Buick shipments in May as compared with April. Packard held well. Fatal Accident Probed Bu Vnilrd Prct* KENDALLVILLE. Ind., June 2. An investigation was started today into the accident Sunday that cost the life of Mi’s. Millie Yoder, 42, Topska, and seriously injured Mrs. Elizabeth Miller. 65. The two women were riding in a buggy which was struck by an automobile driven by Jay King, Topeka.

DIVIDEND NOTICIS j UTILITIES i i POWER tS LIGHT j | CORPORATION i ! (For period ending June 30, 1930) \ ii \l% CwßElitiv* Pi ilimdltert j ! Quarterly dividend $1.75 pet rha*. | • Payabi* on jahr I,l*JO ! To ttockholder* .{ record Jnno 5, IfJO Cl am A Stock J Quarterly dividend 50<porhro ! Payable on *• 1 To stockholders of record June 5, If JO Stockholders have right and option to accept, in lieu of their caeh dividend. l/40th of a share of Class A stock for each share held. CUm B Stock Quarterly dividend 25 4 pat ehara Payable on July 1,19 JO To stockholder* of record June 5, 14J0 Stockholders have right and option to accept, in lieu of their cash dividend, l/40th of a share ol common stock for each Class B share held. Common Stock Quarterly dividend 25e per there Payable on July 1, 19J0 To etockholdera of record June 3, 19J0 I | Stockholders have right and epj tion to accept, in lieu ol their cash > dividend, 1 /40th of a share of | common stock for each share held. ! As te the Clou A, Class K and Com- > man Stoch, unless by the close of bustness | June 16, 1930, the stockholder advises i the Corporation that he desires his dniJ dend in cash, the Corporation will send , to him the additional stoch (or scrip for ■ fractional shares) to which he is tnUtltd. 1