Indianapolis Times, Volume 42, Number 20, Indianapolis, Marion County, 3 June 1930 — Page 13

JUNE 3, 1930.

WHEAT CLOSES UPWARD AFTER EARLYSELLING Commission House Buying Is Reason for Rally at Session’s End. I: >i United Press CHICAGO, June 3.—Wheat rallied in the late trade to advance beyond the previous close for the first real gain of the day and as the Board of Trade closed prices were higher. The market sagged several times during the session, but buying by commission houses wes persistent at sl.o6’i for July and the range was not large. Crop reports continue mixed. Com eased slightly after its early high, but oats remained stronger. At the close wheat was % to % cent higher, com was % to 14 cent higher and oats was % to % cent higher. Provisions were steady to around 30 points higher for bellies. Liverpool changed but little during the late trading and at the close was still 1 to 1% lower. Buenos Aires advanced slightly and Just before noon was % cent higher. There was no export business reported, foreign buyers still holding aloof. Cash prices were unchanged. Receipts were thirteen cars. Corn maintain and its independent s rength and held fractional gains at mid-eession. Considerable short covering was noticed early and a quick advance was scored. The receipts were surprisingly small and this with the good cash demand was the main factor. An increase in acreage of 3.1 was indicated by the private estimates. Cash prices were V* cent higher. Receipts were nine-ty-seven cars. r Oats was up fractionally with com early and held most of its gain at mid-morning in a dull market. The private experts placed the crop at 1,325,000,000 bushels with an increase in the acreage of 3.6. Cash prices were unchanged. Receipts were eighteen cars. Chicago Grain Table —June 3 WHEAT— Prev. Open. High. Low. Close, close. July. • 1.06% 1.071. 1.06V* 1.07% 1.07 Bent.. 1.09% 1.11 1.09% 1.10% 1.10 Dec. . 1.13% 1.15% 1.13% 1.15% 1.14% COR:,July.. .31% .82 .81 % .81% .81 . fleDt.. .12% .83 .82 % .82% .82% Dee.. . . 76% .77% .78% .77% .76% OATS— July.. .40.40% .40.40% .40 Sent.. .39% .40% .39% .40% .39% Dec. . .43% .43% .43 .43% .42% RYE— Jnlv.. .63 .63% .62% .68% .63 Bept.. .87% .67% .66% .67% .67% Dec. .71% .72% .71% .72% ,71% LARD— July. 10.15 10.22 10.15 10.15 10.12 Sept. 10.35 10.37 10.35 10.35 10.32 Dec.. 10.00 10.00 9.90 9.90 10.25 BELLIESJuly. 13.85 13.95 13.85 13 85 13.55 Sept 13.82 13.55 P.tf Time* Special CHICAGO. June 3.—Carlots: Wheat, 26; corn. 152; oats. 24. and barley, 7. Marriage Licenses Edgar E. Adams. 34, of San Diego, sailor, and Dorothy L. Nevins. 23. of 1232 West Michigan, nurse. Clarence Grutist. 22. of 1035 West Thirtieth. draftsman, and Vida M. Whitley. 19. of 4519 West Jackson. Herbert H. Belirent. 34. of 615 North New Jersey, salesman, and Mary F. I ~dy. 25. of 2423 Park. Nicholas Humm. 32. of 615 North ..ew Jersey, salesman, and Ellen Wieder. 28. of 1433 North Pennsylvania. Alfred E. Cooke. 34. of 621 East Twentyfifth. salesman, and Marv H. Wise. 22. f 621 Fast Twer,;v-nfth. cashier. Paul L. Kulllnger. 30. of Marion, clerk, and Ruth V. King. 27. of 1326 North Temple, waitress. Milton M. Nicholas. 22. of Brideport. &rlnter. and Beatrice M. Crone. 21, of 1022 outh Pershing, stenographer. Building Permits Granville Lee. dwelling. 2708 Hillside, *1.500. Grace Stephenson, garage. 1512 Brookside. *350. National Paper Stock Company, tilling station. 316 West Michigan. *I.BOO. Anna Probst. repairs. 1022 Brooks. *SOO. Elisabeth Klein, repairs. 625 Orange. *4OO. A. C. Trees, repairs. 135 East Forty- , seventh. *6OO. i A1 Mvers. pop corn stand. 1582 North Illinois, *2OO. Marv Johnson, dwelling and garage, 145 Weat Fortv-sixth. *B.OOO. Alvin Prinett, reroof, 2133 College. *250. George Stamper. dwelling. 746 North Emerson. *5.000. E. 7. Jones, reroof. 121 South East. *495. Burt O'Leary, reroof. 16 West Maryland. S2BB. t M. Trlble, dwelling and garage. 48 For- ** Robert L-nts. dwelling and garage. 415 Lvnn. *2.650. Standard Oil Company, filling station, Washington and Southeastern. *II.OOO. C. C. Scott, repairs. 1529 North Senate. *250. BAPTISTS NEGLECT TO TOUCH ON "MODERNISM Fundamentalists, Liberate Get Along Peaceably at Convention. Bit United Press ’ CLEVELAND. June 3. The northern Baptist convention of America was in adjournment for another year today, and what was expected to be a renewed controversy of fundamentalism versus modernism, had developed into a accord more peaceful than ever before. It was a case of the lamb lying down with the lion. The nationally noted leaders of the fundamentalists and modernist factions spoke from the same platform to the same audience. The fundamentalist, Dr. William B. Riley of Minneapolis, declared the church was “sick and disabled.” criticised evils within its organization, but refrained from his expected denunciation of the liberals. The modernist, Dr. Harry Emer*son Fosdick. declined to take issue with Dr. Riley and confined his words to a spiritual sermon about the necessity of earnest application of Christianity to life. COLLEGE HEAD TO TALK Professor Haramy of Indiana Central to gpeak at Church. Professor j. J. Haramy of Indiana Central college will speak on “The Scul of America," at the last meeting for the season of the North M. E. Church Men's Club at the church Wednesday night. Wives and friends of members will be guests at the meeting. Officers so- the coming yea will be elected. Edward O. Snethen, club elected. Edwad O. Snethen, club TAX PAYMENTS ARE DUE - Treasurer's Office Is Opened to Rep reive Deltnqnence Fees. Doors of the Marion county treasurer’s office are open to delinquent taxpayers, C. O. Harris, deputy treasurer, announced today. Since the deadline May 5, when dotrs were dosed to public^*

New York Stocks i ————

Juß * *- Prey. Railroad!— High LOW. ILW. AtohUon 227 Vs 22* 226 224% Bait Ac Ohio 112 11* Cheat St 0hi0...213 313% 313% 313 Che** Corp • ]% Chi N Wert C R I A P Ilf HI Del L St W IM% l* B RWHSU:;: ::: 88 j$ mtnoi* *}* Kan City Bo MK & T *l% 51 51 51% N Y Central Nor Pacific - Penneylvania 76 vs So Pacific ... 130% 120% Southern Ry ....107% 107 107% 107% St Paul 19 18% St Paul pfd .... 31% 31% 31% 31% St L ft S F 112% Union Pacific 328 322% Wabash 49 % W Maryland ... 30% 30% 30% 31% Equipment!— Am Car St Fdy 53 ... Am Locomotive 58% 58% Am Steel Fd .. 44% 41% 44% 43 Am Air Brake 8 45% Gen Am Tank.. 104% 104% 104% 104% General Elec ... *3% *2% *3% *3% Gen Ry Signal I*% Pres* Stl Car . ... 9% Pullman .... 75 75 Wertlngh Air B 4*% 43% Westlngh Elec ..181% 180% 180% 181% Rubber!— Firestone 23% Fisk 3% 3% Goodrich 41% Goodyear $7% *7% 87% 88% Kelly Sprgfld 4% 4% Lee Rubber 7% U S Rubber .... 33% 31% 31% 31% Meters— Auburn 187 163 163 188 Chrysler 35% 34 '34% 35% Gardner 4% 4% Graham Paige... 3% 8% 8% •% General Motors. 50V, 49% 49% 50% Hudson 43% 43% 43% 43% Hupp .. 18% 18% Mack 71% 69% *9% 72 Marmon .. ... .■ • 30 Nash 40% 40% 40% % Packard 17% 17 17 17% Pierce-Arrow 11% Studebaker , 28% Yellow Truck 27% 28% 28% 27 Motor Access— Bendix Avatlon.. 42% 42 42% 42% Borg Warner ... 37% 37% 37% 37 2 Briggs 22% 22 22% 22% Campbell Wv 25% 25 25% ... “* 8 •* 88&*?£r.'.v a* ' ' S Motor Wheel .. ... HZ/ 8 fiDarks-W 28% 37% 27% 27% Stewart, Warner. 30% 80% 30% 30% Tlmktn Roll 73 74 Minlnr— , n s/. Am Metals 12 1? Am Zinc 11 10% Ilj, l\ Anaconda Cop... 59%. 59% 59% 60 Cal St Hecla ... 19% 18% 18% 19V Cal St Arlz 42% 42% 42% ... Cerro de Pasco.. 54 53% 53% 55 Freeport Texas 48 *'z 4 Great Nor Ore l\\? Howe Sound ••• ,c.y III? Int Nickel 32% 32 32% 32% Kennecott Cop. 48 47% St A '■* Mnema Cop 2? Miami Copper Te- V e C osl 8ui:: 59% 59% 59% Ame ®da* U . .W’.'.*: 31% 29% 81% 29% An Republic ... • • •:i, / 20 2 Atl Refining ... 43 42% 42% 43% Hm.rtSn n ..::::::io4% m% ijj% 103% Xnd Oil 1% 1 7 % I*% 38 fndlan Refining. .. ... ••• l 8 < Mex Sbd 30% 29V, 30V, 30 P-" Amer iB. . 63% 63% 62% 62% mm Conti 28*4 ?VA ntmn s 37% 37% Rr on St Gas... ■ ■ ... ••• 1| "ure Oil 28 22% 23 23 Plchfleld 7 3% Poval Dutch ,• 52% 53 Shell Un 20% 20% 20% 20% ?-™ir 27% 27% 37% 27% p.’-e’lv ... 35% "6% nt-'n'Arrd of Cal 7i 70% 70V, 71 ."‘and of N J ... 80 79% 80 .0% stand of N Y .. 37% 36’/, 37% 36% m?--!,, Cos ••• 58 58% Un'oo OH 45 8 ■-> Roll Mils... 70 69% 69% 70Vi P't’-’eh-m 95% 94% M 4 95% t A M 100% 100% 100% 100% "nlo P-el 69 67% 68% 67% Newton M% M 51 5i , TH s 39V, 57% 59% 57 -,i TT 8 Steel 172% 172% 172'/, 173 v-nedlum 122% 121 122 1’3% Ymrvrst S St W 39% rc Ofi— . ~ Am Toh" C 'Bi <A .266 Vi 264% 264% 267% Con Cigars wVTmwTb:. .ijyfc 'ij 4 ? ™ Toe-lierd 24’/* 24% 2’% 25 pevnMds r Tob:::: 53% '52% 534 52% Toh Pr l^ B United Clg 7 % 8 trinities- ~7 / 5, e%r E Fwr-*;; 88 -86% S 4 A m T P * r T* U ".23’% 231 % 231% 231% Col Gas I ia.'.'.. 83T4 83% 83% 83% Com St Sou 18 17% 17% 18 El Par <te LI. .. 94V, 93% 94 94% Gen Gas A • ■ ils-’ T Pw & r ILi ' 51’; % % No Amer Cos ...127 126% 126% 127/, Par Gas St El.. 89 68% 68% 69 Pub Serv N J.... 115 114% 114% 115% So Cal Edison 88V * Std G & El.. . ..., .. 4 „ l’ B , United Coro 45% 45% 45% 45, ? TTt Pwr St L A.. 41% 41% 41% 41% West Union 18,5 Am Inti Coro 4a% 45'/, 45% 45 2 United Fruit 92 92% Fods— Armour (A) 6% 6% 6/, 6% Cal Pke .. ... ... SB cSv Drv 69 68% 69 68% Childs Cos 85% 65% 65% 65% pMoa ••• ••• 184 f\ l Copt Baking A.. 27% 26% 26% 29V, Corn Prod 108 107% 107% 197% Cudahy Pkg % Cuban Am Sug.. .. ... ®% --.1.. Gen Foods 59% # 52 1/4 Kersey 108% 108% 108% 108 Kroger T **.:::::::: ::: '33% 3*% Nat Biscuit .... 92 91% 92 93 Safeway’ St Z!!'. 99% '99", 99% ioo Std Brands 23% 23% 23_a 23, Ward Bkg 11 10% 10% 11 Co’ty°fnc 27 27% Lambert Cos 96% 98V* 96% 96 Lehn & Fink 37y, Am" Radltor*T... 32% 82% 32% 32% Bush Term *2,5 Certainteed 9% = Gen Asnhalt *9£ |9% otfs^Eiev 0 ’ 1 .:::: 75% '74% 7*4 75% Allied Chem 314% 314% 314% 314 Com Solv 30' a 30 40V, 30 A Union Carb .... 8# 84% 84% *5% U S Ind Alco ... 90% 89 89% 88V S

Produce Markets

Ess* (Country Bun)—Loss off delivered In lndlsnspolis, 16'vc; henery auslity. No. 1 19e: No. 2, He. Poultry (buytns price*) —Hens, weighing 4H lb*- or over. 20e: under 4>4 lbs.. 70c: Leghorn hens. 17e: sprlnsers. 2 lbs. or over. 25c: under a lb*.. 25c: Leghorn springers. 19e: pld cocks. SifflOc: ducks, full feathered, fat. whites. 9c seese. 6c. These prices are for No. 1 too oualltv ouoted by Kinsan * Cos. Butter (wholesale) —No. X 35036 c. No. 2. 33 s 34c Butterfat—3lc. Cheete (wholesale selllns price per pound) —American loaf. Sic: olmento loaf. 32e: Wisconsin firsts. 27c Lonshorns. 34c; New York Limberger. 36c. _____ Bu United Prca CHICAGO. June 3.—Market •teadv; recetpts. 20.556 cases: extra firsts. 22 ?c. first* 31tk®22c; ordinaries, 19@19Vse, seconds. 18c. Butter—Market firmer; receipts, 24.019 tubs: extras. 33'.c; extra firsts SOeSO'xc; firsts. 384i29e: seconds. 264) 27*yc: standards. 33He. Poultry—Market steady: receipts. 1 car; fowls. 19c: splrngers 16c: Leghorn*. 15c: ducks. 13c. Reese, lie: turkeys. 30c; roosters. 136 13'ac: broilers. 36038 c. Cheese —Twins, 17P17HC! young Americas. lltie. Potatoes—On track. 213: arrivals, J 5. shipments. 576: market, old stock Arm: Wisconsin sacked round whites. $2.75©2.85, new stock stronger: southern sacked bliss triumphs. >3.65a3.88. Bu United Prea NEW YORK. June _3.-FIWI£-I>ttU v* Bd Steady: southern. $3!50t6; Maine. $3.50© SSBK'TnfiK; wSfISWJSSE Long Island. 19 e. Live poultry - steady: geese. 13ff 14c; ducks. 33c: fowl*. 17© 37c: turkers. 15© 28c; roosters. 12018 c: broilers. 16645 c. Cheese—Dull, state whole milk, fancy to special. 34 636 c; young America*. 19 g 35c. Bu United Preaa CLEVELAND. June 3.—Butter—Extras. 36tic: extra irate. IdHc. Eggs-Extraa. 23c: firsts. 31e. Poultry—Fowls 24025 c: medium. 34©25c: leghorn. 30®21c: heavy springers, SOSBc: Leghorn springer*. 22© 28c: ducks. 18ff23c: ojd eock*. 1314 c: geese. 1019 c. Potatoes—Main grew Mt 83.50 per 130-lb. aaek; Idaho Russet. 34.250 4.80 per 300-lb. sack. Bn United Preaa CINCINNATI. O. June 3.—ButterSteady: creamery In tub lots according to score. 30033 c: common score discounted. 3*rSc; packing stock No. 1. 240; No. a. 16c; No. 3.12 c; butterfat. 38633 c. Eggs—Firm; cases Included: fresh gathered. 31tfcc; firsts, 30c; seconds, latte; nearby ungraded. 30 M*. Live poultry— Thin and coarse, stock sells only at heavy discount: fowls. 8 lbs and oyer, 30e; 4 tbs. and over, 31c; 3 lbs. and over, 31c; Leghorns. 3 lbs. and over, 18c: roosters. 13c: broilers, colored, over 3 lba.. 38c; broilers. IW, lba. sad ever. 31c: lt

Retail Stares— A**oc Dry Gda.. 44% 43 44V4 43% Oimbel Bros .... 17% 17% 17% 18% Kreage SB 31% May D Store 52% Mont Ward 48% 45% 45% 46V, P-any J C *7% Schulte Ret St.. 8% 8% 8% 8% Sear* Roe 88 88% Wool worth .... 84% 63% 64% 64% Amaieoient*— Bruns Batke 20% 20% Col Graph 26% 27% 27% 28% Crosley Radio 18% 18 Vs Eastman Kod ...247 243% 246% 242% Fox Film (At.... 53% 52% 52% 53> 4 Grigsby Gru .... 27% 26% 26% 27% Loews Inc 90% 89 % 89 V, 89 s , PS ram Fsm 70% 70 70% 70% Radio Corp .... 52% 52% 52% 53% R-K-O 42% 42% 42% 42V, Schubert 25V, Warner Bros .. 64% 63% 64% 64 ,* Miscellaneous— Alrwsy App ... 29% 29% 29% 29% City Ice & Fu 44 Congoleum 14% 14% 14% 14% Amer Can 148% 147% 147% 148 Cont Can 67 66% 66% 66 Curtiss Wr .... 9% 9% 9% 9% Gillette 8 R.... 87% 87% 87% 87% Real Silk 52 53 U 8 Leather (A) 20%

In the Stock Market

(By Thomson & McKinnon) NEW YORK. June 3.—ls one is looking for outstanding developments having a bearing on the stock market there is little inspiration in the daily news. The cautious trend of business is as featureless as the stock market. In a broad sense we are in a calm. That a favorable trade wind may spring up almost any time is reasonably certain. Os this at least we may be assured in safeguarding the bullish position we have assumed, and that is periods of subnormal money rates rarely if ever are accompanied by liquidation in the stock market. Therefore no storm seem ahead; however, there are many signs pointing to suggestion that this dullness may prove to be an ideal time to accumulate stocks. Retail trade gives us positive indication that the consumer is not unduly withholding his requirements. Merchandising business, which is closest to the consumer, can not be doing so poorly, Another bright spot is in the utility field, where consumption continues at a good rate. The annual report of electric bond and share gives an excellent idea of what this industry is doing. It is becoming more and more apparent that business is building a substantial foundation. Having in mind the ultimate more than the immediate future, we concontinue our suggestion to accumulate seasoned securities, feeling confident that out of the present dullness will come better markets.

Investment Trusts

(By James T. HamUl Company) _ . Bid. Ask. Amer Founders (new) 9 9% Corporate Trust Shares 9% 10' „ Diversified Trust Shares (Ai. 25% ... Diversified Trust Shares (Bi.. 21 21% Diversified Trust Shares (C).. 9 Fixed Trust Shares (A) 21% .. Investment Trust of New York 11 12 Leaders of Industry 11% 12% North Amer Trust Shares 9% 10% Standard Oil Trust Shares... 5 9 S W Straus Inv Units 52 58 Selected Amer Shares 7% 8% Trustee Std Oil Sh B 11 11 ", U 8 Elec & Pwr Bhares A 41% 42% U S Elec St Pwr Shares B 12% 12%

New York Bank Stocks

—June 2 Bid. Ask. American 130 132 Bank of United States 61 62 Bankers 162 163 Brooklyn Trust 808 815 Central Hanover 380 391 Chase National 169 170 Chatham Phoenix Natl... 13B'/4 140 Chemical \ 75 76 City National 190 198 Corn Exchange 222 223 Vi Comercial 535 540 Continental 3614 37 Vi Empire 89 90 First National 5,950 6,023 Guaranty .. 767 770 Irvine .A 60 60 Vi Manhattan & Cos 134 135 Manufacturers 130 131 Vi New York Trust 286 300 Public 136 138 Chelsea 50 54 NEW YORK COFFEE RANGE High Low. Close. March 7.36 7.31 7.32 May 7.20 7.18 7.20 July 7.95 7.90 7.97 September 7.70 7.64 7 70 December 7.50 7.42 7.45 START RECOVERY IN STATE BANK CRASH Receiver Files Suit Against Realtor for $40,000 on Note. First court action by the receiver of the defunct State Savings and Trust Company to foreclose on debtors was started today, with filing of a suti against Fred Cline, Indianapolis realtor, for a $40,000 judgment. Filed before Superior Judge Linn D. Hay, the suit, brought by Eben H. Wolcott, receiver, seeks payment of a past due promissory note for $25,000 given to the bank by Cline in 1923. Interest amounting to $12,500, and $2,500 attorneys fees are sought. The note is past ddue since Dec. 1924, according to the complaint. BANK OF LINNGROVE CLOSES ITS DOORS Adams County Private Institution Shuts Down; Deposits Reduced. The Bank of Linngrove, Adams county, a private institution, closed its doors voluntarily today because of greatly reduced deposits in recent months, the state banking department announced. The bank was capitalized at SIO,OOO, and had $75,000 deposits. F W, Studler is president, find M, I. Lyrbarger cashier of the bank. Morris Stultz is special representative of the state banking department, investigating affairs of the bank. GIFT FOR CITY CLERK Mayor, Fellow. Officials Present Percolator to Benedict-Elect. A silver percolator was presented City Clerk Henry O. Goett Monday night at dinner at the Indiana Democrat! l " Club in celebration of his marriage to Miss Helen Harter, 54 Ridgevitw drive, on June 28. Mayor Reginald H. Sullivan and city courcilmen were hosts to the ! city clerk. Ernest C Ropkey, council president made the presentation speech, followed by Informal remarks from other city fathers and E. Kirk McKinney, works board president. STREET NAME CHANGED City Council Takes Move to Please Golden Hill Residents. Golden Hill residents living on Elmira street Monday night, today lived on Totem lane. City council authorized change of the name Monday night to please Golden Hill residents who felt that

THE INDIAN/YOLIS TIMES

PORKERS SHOW LITTLE CHANGE AT CITYYARDS Cattle Market Mostly Even; Veals Higher; Sheep Unchanged. May Bulk Top Receipts 24. *10.40# 10.50 *10.50 4.500 26. 10.40 10.50 6.000 27 10.30 10.30 8.000 28! 10.30ft10.40 10.45 8.000 29. 10.60 10.70 5.500 J 2 ,ne 10.407710.50 10.50 8.000 3! 10.40 !& 10.50 M.SQ 7,500 Little change was noted in hog sales at the Union stockyards this morning, prices remaining steady for the most part. The bulk, 160 to 275 pounds, sold for $10.40 to $10.50, top price being $10.50. Receipts were estimated at 7,500, holdovers were 220. In cattle trade beef steers and cows were steady, heifers showing lower trend. Receipts were 1,800. Vealers were 50 cents higher, selling at $11.50 down. Calf receipts were 1,000. Sheep and lambs were about steady with receipts of 1,800. Lambs sold generally at $12.50 down, with occasional odd heads going at sl3. Chicago hog receipts were 25,000, holdovers 4,000. Opening bids and a few sales were steady with Monday’s average; occasional loads of 160 to 220-pound weights sold at $10.35 to $10.45; 270 to 290-pounders $10.15 to $10.25. Cattle receipts were 8,000; sheep, 11,000.

—Hoys— Receipts. 7.500; market, steady. Heavies. 300 lbs. up S [email protected] 250-300 lbs 10.25@ 10.40 Med. wts.. 25-250 lbs 10.40® 10.50 200-225 lbs 10.50 Light wts.. 160-200 lbs 130-160 lbs 1 2-22f 1 2-52 Packing sows 8.50® 9.50 —CattleReceipts. 1,800; market, steady. Beef steers. 1,100-1,500 lbs. good and choice $11.00<^13.25 Common and medium [email protected] Beef steers. 1.100 lbs. down. good and choice 1 2'H5@}2'22 Common and medium B.oo® 10.75 Heifers. 850 lbs. down, good and choice 10-50® 12.00 Common and medium 6.00® 10.50 Cows, good and choice 8, 0255 ®'?2 Common and medium ?'22S i'22 Lower cutter and cuter 4.25® 6.00 Stocker and feeder steers, good .. and choice 2'22^4'Sn Common and medulm 7.00® 9.00 —Vealers — Receipts. 1.000; market, higher. Medium and choice $ [email protected] Cull and common 5.50® s.so —Sheep— Receipts. 1.800; market, steady. Lambs, good and choice ... .$11.50@>13.00 Common and medium [email protected] Ewes, medium to choice 4.00@ 5.50 Cull and common 2.00® 4.00 Other Livestock Bn United Press CHICAGO. June 3.—Hogs—Receipts. 25.000; including 7,000; mostly steady to 10c higher than Monday’s average; fairly active; top. $10.55, anew high since April; bulk 160-300 lb. weights, [email protected]; packing sows, [email protected]; butchers, medium to choice 250-350 lbs., $9.85® 10.40; 200-250 lbs., [email protected]: 160-200 lbs., $lO @10.55; 130-160 lus., $9.90® 10.50; packing sows $97/9.75; pigs, medium to choice. 90130 lbs. [email protected]. Cattle-Receipts, 8 000. Calves—Receipt*. 3,0; mostly steady market with weighty steers fairly active and firm; she stock very .Tow, but scarce, slaughter classes, steers, good and choice 1.300-1.500 lbs., [email protected]; 1.100-1.300 lbs.. *127/14; 950-1 100 lbs., $11.75@14; common and medium 850 lbs. up. sß® 12.50; fed yearlings good and choice 750-950 lbs.. $11.8075) 13.50; heifers, good and choice 850 lbs. down. $10,257/ 12; common and medium, *[email protected]; cows, good and choice, $8 7/10- common and medium. $6.75@8; low cutter and cutter, $4.75®6.75; bulls good and choice beef. *7.65759; cutter to medium. $6.50@7 65: vealers milk fed. good and choice, [email protected]; medium. s9@ll; cull and common. s7@9; stoskers and feeders steers good and choice all weights. $9,757/ 10.75; common and medium, *7.507/ 9.75. " Sheep—Receipts. 11,000; market, slow; lambs around 25c lower: yearlings, steadv: native lambs. sl3®> 13.25; few, $137/13.25; few, [email protected]; top yeanlngs. $10.60; few he; vies. $9.25; fat ewes steady at $57*5.50; lambs. >od and choice 92-lb. down, $12.50® 13.50; medium, [email protected]; cull ana common, $9,757/11; medium to choice 150 lbs down, [email protected]; cull and common. $1.75@4 25. n,i T'nitrfl Press _ _ _ _ CINCINNATI. 0.. June 3.—Hogs—Receipts, 4.200, including 1,100 direct; held over. 100; opened steady to 10c higher; 170-230-ib. averages showing advance; closing slow on better grades; numerous lots unsold; bulk good and choice. 160-250 lbs., $10.507510.75; latter price paid freely early for 170 to 230-lb. averages; few desirable 280-320-lb. butchers, $lO7/10.25; bulk 120-150 lbs., $lO7/10.25; sows, mostly $8.75; few $9. Cattle—Receipts, 450; calves, 375; indifferent trade on catch bid basis, about steady: plain slaughter steers and handy weight yearlings, s9fa’ 10: few better grades, up to $11.25; good to choice heavy heifers around $10.50; cows, slow; butcher grades, $77/8: few $8.50; low cutters and cutters $57/6.50; few down to $4; bulls, bulk. $67/7.50; few up to $8; vealers. steady to 50c higher; lighter weights showing advance: top $11; bulk, good and | choice, under 200 lbs.. $lO7/11; undergrades, SB7/9.50; heavies over 200 lbs., $9.50 down; mostly $9 down. Sheep—Receipts, $6.50; sheep, steady; lambs, 50c lower; seme under grades about steady; food and choice lambs. sll7/12: bulk, 11.50 down: common and medium, *67/ 9.50; few $10; bucks. slo® 10.50; best handy weight ewes. $5; old crop lambs, termed yearlings, absent. Bit United Press . EAST BUFFALO. N. Y.. June 3 —Hogs— Receipts. 900; holdovers. 300; generally 25c higher than Monday’s average; cows, steadv: better grade. 160-210-lb. averages, mostly $11.25: weightier hogs scarce; a load 250 lbs.. $11.10; 120-150-lb. averages, SlX@>ll.2s: most pigs, *11; packing bows, $97)9.50. Cattle—Receipts. 125; run principally. cows, steady to strong; a few fat cows. *7@B: cutter grades, $4®6.50; few bulls. $6.50777.50. Calves—Receipts, 400: fully steady: good to choice vealers, $12.50 to mostly sl3: medium kinds. *[email protected]. Sheep—Receipts. 100; generally, steady: hardly enough to make a market; odd lots, good to choice lambs. [email protected]; no strictly choice kinds offered: few medium yearlings around $10; fat ewes. ss@6. Bn United Press EAST ST. LOUIS. Hl„ June 3.—Hogs— Receipts. 17.000; market, steady to strong: spots. 5c higher; top. $10.45; bulk. 160-240 lbs.. $10,357* 10.40; bulk sows. $9.25. Cattle—Receipts. $5,000: calves, receipts. 2.500: market. Indications about steady on steers, bearish attitude toward mixed yearlings and heifers; vealers. 25c lower at *11.25: other classes, steadv; most cows. $7®8.25: low cutters. $4,507/5: sausage bulls. $7.50 down. Sheep—Receipts. 7.000: market, packers bidding 25 to 50c lower on lambs: Indications, sheep steady. Bn Times Special LOUISVILLE, Ky.. June 3.—Hogs—Receipts. 600; market steady; 300 lbs. up, $8.75; 225-300 lbs.. $9.80; 165-225 lbs.. 910.40: 130-165 lbs.. S9.CO; 130 lbs. down. $7.60: roughs. $7.05; stags. $6.45. Cattle— Receipts. ICO: market steady: prime heavy steers, $10,507/ 11.50; heavy shipping sters. $9.50@ 10.50; medium and plain steers, $8.25®9.50; fat tlrifers. $7,507/11; good to choice cows, [email protected]; medium to good cows. $5,507/6.50; cutters. [email protected]; canners, $3.50@4J>0; bulls, [email protected]; feeders. $8@10; Stockers. [email protected]. ; Calves—Receipts. SCO; market steady; tops. 59; good to choice, s7@9; medium to good, i s*.So@>7; outs. $5 down. Sheep—Receipts, | 2.500; market - 50c lower on top lambs. 1 others steady, ewe and wether lambs. sl2; ! buck lambs. $11: seconds and fed lnmbs. ■ $7777.50: clipnsd sheep, s4@s. Monday’s shipments: Cattle, 276; calves. 605; hogs, 418; sheep, 2.915. tßu United rest CLEVELAND, June 3.—Hogs—Receipts. 1 000: holdover none: steady to 15c higher; Digs 25c up: 250 Tbs.. $10,754*10.50; 220250 lbs.. $10.65 : 250-309 lbs. and pigs. 510.5. Cattle—Receipts. 200: load common to medium steers. 1.050 lbs.. $10; • steady: cows easier, common to medium i cows. s7@B; cutter grades. [email protected]; sausage bulls 25c lower: bulk s7®B. Calves— Receipts. 700; vealers, 50c@$l higher: better grades upwards to sl3; few $13.50; medium. sll® 12; culls downward to $lO and under. Sheep—Receipts. 500: new crop iambs upward to [email protected]; sheep steady; vearlings 50c or more lower, bulk merely good. *10(211. Bu United Press TOLEDO. June J.—Hogs—Receipts. 600; market steady; heavies. *9.50910; mediums. [email protected]; Yorkers. *9.504710; pigs. *9.50@ 10. Cattle—Receipts, light; market steady. Calves—Receipts, light; market, steady. Bheep—Receipts, light; markfct. steady. Grandson of President Divorced Bu United Press RENO, Nev., June 3.—A divorce was granted Monday to Mrs. Edwina A. Garfield from James AGarfield, grandson of a former President of the United States. The families are socially prominent in

Dow-Jones Summary

All wells In prorated area of HowardGlasecock OH Fields Texas, have been placed on daily flat rate of 125 barrels regardless of their potential production. This la reduction of 6,000 barrels daily under May allowable. Dally average production of Crude Oil in United States week ended May 31. totaled 2,598.731 barrels Increase 22.662 barrels according to Oil St Gas Journal. General Motors elected A. B. Purvis, president Canadian industries a director to succeed the late William McMaster. Quarterly dividend of *1.25 on new *5 preferred was declared. Electric Bond & Share 1920 net In-, com* *32.511823 equal to $2.22 a share on average number of common shares outstanding and $1.97 a share on 13,502.697 common shares including scrip equal to 13,202 common s tares as against net Income of *14,329,253 in 1928. Associated Oil. declared regular auarterly divide,*) cf 50 cents payable June 30, recora June 13. Federal Reserve Board's condition statement as of May 28. shows increases for week of *65.000.000 in loans and investments 827.000.000 in time deposits end $24,000,000 In borrowings from federal reserve banks. Winton Engine Company stockholders vote to accept General Motors merger offer. Sugar melt of fifteen refiners for period from Jan. 1 to May 24, 1,89.000 long tons against 2,035,000 in like 1929 period. Deliveries totaled 1,670,000 long tons against 1,800.000. Trico Products Corporation declared regular auarterly dividend of 62% cents payable July 1. record June 12. Chicago Pnetumatic Tool acquired Cochise Rock Drill Manufacturing Company of Los Angeles for about *1,000,000. 1., C-. C. denied motion of Wheeling & Lake Erie Railway asking dismissal of applications of Wabash & Pittsburgh and West Virginia Railroad seeking permission to acquire control of Wheeling and its subsidiary Lorain St West Virginia by purchase of majority of capital stocks. Chairman Legge of farm board looks for steady wheat market with some improvement. World carry-over is less than a year ago he said and what movement greater than year ago. Lemer Stores Corporation declared regular quarterly dividend of 50 cents on common, payable June 16, record June 6. Commonwealth Edison applied to Illinois commerce commission for authority to issue *12.000.000 first mortgage 4% per cent bonds, proceeds to be used to reimburse treasury for capital expenditures already made.

The City in Brief

WEDNESDAY EVENTS Mutual, Insurance Association luncheon Columbia Club. Kiwants Club luncheon. Claypool. Uons Club luncheon, Lincoln. Purdue Alumni Association luncheon, Club luncheon, Board of Trade. Indianapolis League for the Hard of Hearing, meeting. English. 7 p. m. Indiana Slate Republican convention, Severln. A skating party will be given at the Riverside rink Friday night by the Young People’s Club of St. Roch’s church. Eddie Gehrick is in charge of the party. Julian Czerwinski, Milwaukee, Wis., division manager, will be a guest at the monthly sales meeting and banquet of the Indianapolis branch, Blatz Brewing Company, to be held here Wednesday. Delegates attending the twentysixth annual convention of the Indiana State Association of Spiritualists at the Claypool will Lear a lecture by Madge P. Stephens, Terre Haute, at the closing session tonight. S. O. Levinson, disciple of peace, will speak at 8 Sunday night at Roberts Park M. E. church under auspices of the Indiana council of international relations. Levinson, a brother of Harry Levinson, Indianapolis business man, is known as an author of the outlawry-of-war idea which culminated in the BriandKellogg treaty. ; Doctors W. P. Best, J. E. Holman, F. L. Hosman and J. T. Stewart of Indianapolis are tc be among speakers at the joint convention of the National Eclectic Medical Association and the Ohio State Eclectic Medical Association in Columbus, G. June 17-20. Dr. Herman G. Morgan, city health commissioner, and Osborn Monnett, Chicago, consulting engineer, spoke on a smoke abatement program at a Universal Club luncheon today at the Columbia Club.

Local Wagon Wheat

Citv Brain alevators are paving 98c for No. i red wheat and 93c for No. 2 hard wheat. 25 LAW GRADUATES ADMITTED TO COURT I. u. Class Asked by Federal Judge to Obey All Statutes. Twenty-five members of the 1930 graduating class of the Indiana Law school were admitted to the bar in federal court this morning by Judge Robert C. Baltzell. * Baltzell in his instructions to the class urged them to obey all laws themselves. Many members of the bar, he pointed out, eblieve in the law as applied to others, but fail to obey it themselves. The class was also admitted to the bar in Marion county circuit court and to the supreme court of Indiana. DR. GREEN ON STA^F Michigan Instructor Is Added to City Hospital Roster. Announcement that Dr. James Green, instructor in the University of Michigan medical school, will be associated with Dr. L. G. Zerfas, on the city hospital research staff, was made today by Dr. William A. Doeppers, superintendent. The research department is to be enlarged through the cooperation of Eli Lilly is Cos., pharmaceutical manufacturers. Dr. Green will specialize in a study of metabolism at the hospital.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS Haw York Stock Exchacga Chicago Stork Exrhangr Now fork Cotton Exrhaugo Chicago Board of Trad# Now York Carb Association Rooms 200-214 Circle Tower Tetephm* SMI f

STOCK MARKET SHOWS LOSSES AFTER RALLIES High-Priced Issues Are Most Affected in Latest Downturn. ,

Average Stock Prices

Average of thirty Industrials for ftonday was 274.45, off .62. Average at twenty rails was 143.73. off .13. Average of twenty utilities was 1(3.03. up GB. Average of forty bonds was 95.30, up .05. Bu United Press NEW YORK, June 3.—A downward trend in evidence at the opening wa* carried further in the early trading on the Stock Exchange today after a brief attempt had been made to start a rally. Trading continued very quiet. Losses ranged up to nearly 5 points, the heaviest being in the high-priced issues. United States Steel around noon was down a full point at 172 on expectation of a further decrease in unfillled tonnage to be reported a week from today. Case Hits Low Other leading industrials followed Steel downward. Westinghouse Electric was off l'.i at 180, Radio Corporation 1 at 5214, American Car % at 147%, General Electric 1 at 82% and Vanadium % at 121%. J. I. Case touched anew low for the year at 270, off 3% points, while Ingersoll Rand dipped 4% points to 222. United Aircraft sold off 114 to 75% in its division, Grigsby-Grunow was off 1% at 26% on pool distribution, Montgomery Ward dipped Vs to 45% on profit-taking following its recent upturn. Utilities Mixed Utilities were mixed in a relatively narrow range. Public service held around 114 1 /4, off 1, and American Telephone sagged % to 231. Consolidated Gas and American and Foreign Power, however, were firm. Oils, aside from Amerada, were irregular, with changes very small. Amerada, exceptional to the trend in this group, spurted 2 to anew high for the year at 31 Vs. Republic Steel Corporation rose more than 2 points in its division, on expectation of receiving large orders from pipe line companies. Other steels drifted lower, with the exception of Colorado Fuel, which ■continued its rise in progress Monday.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearinßS Monday. June 3, *4,395,000: debits, $9,070,000. CHICAGO STATEMENT Bu United Press CHICAGO. June 3 Bank clearings, $122,400,000; balances. $6,000,000. NEW YORK STATEMENT Bu United Press NEW YORK, June 3.—Bank clearings, *1.780.000.000; clearings, house balances, *221,000,000; federal reserve bank credit balances. *207.000.000. TREASURY STATEMENT Bu United Press WASHINGTON. June 3. --Treasury net balances on May 29. was *104.609,000. <1; customs receipts for the month to that date totaled. $51,722,273.92; government expenditures on May 29, were $8,154,488.44. CEMETERY ACTION IS ‘TABLED’ BY COUNCIL Repeal of Ordinance Delayed Pending Removal of Graves. An ordinance repealing the ban on cemeteries within 1,000 feet of a boulevard was “tabled” today pending removal of the two bodies which are buried in Glen Haven Memorial Park, within 500 feet of Kessler boulevard. Ciyt council decided to table the measure Monday night in caucus, pending carrying out of an agreement that the cemetery association will remove the bodies. The city’s appeal on a suit testing the ordinance was withdrawn with the understanding that the graves will be removed. The park board Thursday adopted a resolution prohibiting cemeteries within 500 feet of a city boulevard.

DIVIDEND s NOTICES UTILITIES Power & Light System (For period ending June 30, 1930) ▼ Interstate Power Company *7 and $4 Dividend Preferred Sleek Quarterly divid’d $7 pfd..*1.73 per (hart Quarterly divid’d *6 pfd.. 1.50 par (hart Payabia on July 1,1930 To atockholdara of record June 3, 1930 Central State* Utilities Corporation *7 Dividend Preferred Stoek Quarterly dividend *1.75 par ahart Payable on July 1,1930 To atockholdara of record Juno 3, 1930 Central States Power A Light Corporation SI Dividend Preferred Steek Quarterly dividend.. .. .*1.75 par ahart Payable on July 1, 1930 To atockholdara of record Juno 5, 1930 Indianapolis Power A Light Corporation *%S Cumulative Preferred Stoek Querterly dividend.. .*1.62% par ah are Payable 0n... July 1,1930 To atoekholdera of record June 3, 1930

Business — and — Finance

The regular quarterly dividend of 75 cents per share, payable July 1, was declared by directors of the Ross Gear and Tool Company of (Lafayette, Monday. The company reported earnings of 81 cents per share after taxes during April and May. The market value of fifty representative stocks on the New York Stock Exchange at the close of the wek ended Thursday, May 28, 1930, was $28,251,595,780, an increase of $279,581,808 or approximately 1 per cent over the value of $27,972,013,972 at the close of the preceding week, according to a compilation by McClure, Jones & Cos., members of the New York Stock Exchange. Following announcement of Appalachian Gas Corporation that plans have been completed for acquisition by them of a 75 per cent stock interest in Southwestern Natural Gas Company, it was today stated that order for pipe for the new 112-mile htsrh pressure pipeline of Southwestern Natural Gas has been placed with A. O. Smith Corporation. Milwaukee. Deliveries are to commence Immediately, .with the MUskoyee. Okla., branch of the line to be completed Sept. 1 and the entire line a month later. Directors of International Utilities Corporation declared the regular quarterly dividend of 87% centa a share on the class A stock payable July 15, to stockholders of record June 30, 1930: also the regular quarterly dividend of *1.75 a share on the *7 preferred stock payable Aug. 1, to stockholders of record. July 18, 1930. Directors of the Voght Manufacturing Corporation have declared a regular quarterly dividend of 50 cents a share on the common stock, payable July 1, to stockholders or record June 14. _ , Preliminary reports for the first four months of the calendar year of American States Public Service Company and subsidiaries indicate an increase in the net earnings of the company of approximately 10 per cent over the same period of the previous year. KROGER EXECUTIVES HEAR C. 0. SHERRILL Developing of Personal Element in Business Is Discussed. “The time has come to develop the personal elements in business; we have spent entirely too much time with the development of the mechanics of business and industry,’’ C. O. Sherrill, former city manager of Cincinnati and new vice-president of the Kroger Grocery and Baking Company, told more than two thousand employes and executives at a meeting in the K. of C. hall Monday night. The meeting followed a dinner at the Lincoln in honor of A. H. Morrill, president of the Kroger company, and Sherrill. A program of complete decentralization so that each branch of the Kroger company will be controlled in the community it serves was announced by Morrill. The plan will be carried out in Indianapolis in a short time, Morrill said. STUMP IS SPEAKER AT INDIANA CENTRAL Graduates Hear Attorney Stress Value of Life’s Hardships. Graduates of Indiana Central.college were addressed by Albert Stump, Indianapolis attorney, at commencement exercises in the college gymnasium Monday. “The person who suffers hardships often is much happier than the person with all the comforts and riches he desires,” Stump said. , Dr. I. J. Good, president of the colllege, presented diplomas to seventy-eight graduates of the fouryear course and to twenty-two graduates of the two-year normal course. Mayor Reginald Sullivan, Indianapolis, was guest of honor at the exercises.

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We take pleasure in announcing that Owen M. Mothershead has become associated with our Office PRINCE & WHITELY Established 1878 401 Circle Tower Telephone RHey *321 New York Philadelphia Cleveland Chicago Boston Akron Washington Reading Detroit MEMBERS New York Stock Exchange Chicago Stock Exchange New York Curb Association Chicago Board of Trade June 3, 1830.

PAGE 13

FLAMES SWEEP ACROSS FOREST LANDSINNORTH Small Communities Evacuated as Workers Strive to * Stem Blaze. Bu United Press WINNIPEG. Manitoba, June 3. A wall of flames swept across hundreds of miles of forest lands in northern Ontario today and the city of Port Arthur was reported threatened. Smaller communities were being evacuated. Every home in Dymet, Ont., was abandoned when the flames threatened to wipe it out. Women and children hastily gathered up whatever belongings they could carry or pile into a special train which left Monday night to rush them out of the danger zone. All the men of Dyment remained behind to battle for their homes. It appeared to be a forlorn hope, dispatches said here. Several Persons Are Missing Several persons are missing, believed to have perished in the roaring flames. Many homesteads have been destroyed. The flames raged through the bush lands and across the scrub and clearings in a direct path to the isolated homes. A pl'ne in which Faul Garten, chief pilot of the Ontario forestry air service, left her to aid the fire fighters, was found today at Allanwater. The plane was floating near the short of the lake, with the engine shoved through the cockpit. No trace of the aviator was found. Allanwater is seventy-four miles east of Sioux Lookout, Ontario, where the forest fires are raging with intensity. Hundreds of Acres Ruined . From Nipigon, on the east, to Sioux, on the west—a front of 200 miles-—the fires have ruined hundreds of acres of virgin timber, pulpwood, homestead lands and summer resort regions. Refugees from Dyment were sheltered in the community building at Ignace. In Upsala township, the fire was reported out of control. Three buildings were destroyed, according to last reports. Airplanes were sent into service to carry fire rangers and equipment to Onion lake, northwest of Port Arthur. Fire there was threatening the Onion River dam, adding the danger of floods to that of flames. A patrol was watching the dam.

(J.r.WILD INjpSTMLNT CO ! “Leaders of Industry” Shares A Fixed Trust 129 K. Market Lincoln SBB4

R.H. Gibson & Cos. iff tan atm rOKK, Chicago ami Cindmrt# Stock hxchangti 320 Circle Tower Indianapolis Tel. Lincoln 2341 61 Broadway NEW YORK 307 Dune Terminal Bids. Cincinnati