Indianapolis Times, Volume 42, Number 25, Indianapolis, Marion County, 9 June 1930 — Page 13

JUNE 9, 1930

STOCK MARKET SELLS UPWARD AFTEROPENING Powerful Buying Develops Around Noon; Steel Shares Up.

Average Stock Prices

Avenge of thirty industrial* for Saturday was 257.82 off 8.11. Average of twenty rails was 139.86. off 127. Average of 1 wenty utilities was 96.03. off 1.98. Averrge of forty bonds was 95.36. ud .05. Bv United Preen NEW YORK, June 9.—Resumption of downward tendencies at the start of the new week on the Stock Exchange attracted powerful buying in the late morning dealings today, and no extension of the early losses was made in leadings shares. Heavy selling out of margin accounts occurred at the opening and forced many of the leading shares to new low levels on the current reaction. Toward noon, however, a better tone developed in the general market coincident with the development of a temporarily oversold condition in pivotal shares and the downward movement was momentarily stemmed. Scattered liquida- ! ion continued to pour into the market, but failed to touch off further mportant liquidation. Steel Rallies Steel common rallied fractionally after touching anew low for the year at 163% and similar comebacks were made by other leaders. Declines in most instances did not rim beyond several points, although Case extended its recent decline. Petroleum shares continued to furnish strong resistance to selling pressure, Atlantic Refining and Sinclair getting above its previous closing levels at several instances. Rails, on the other hand, reflected further liquidation, both Nickel Plate and Erie breaking to new 1930 low levels. Public utility shares were irregular with strength in American and Foreign Power offset by weakness in Consolidated Gas and other leaders. Good support was again afforded the United Cigar group, United States A rallying close to its previous level, after opening nearly 2 lower. Trading Is Fast Trading during the first two hours was at a greatly accelerated pace, but below the volume of Saturday’s short session. The lessened activity was ascribed to a drying up of selling pressure following the cleaning out of many weakly margined accounts during the opening dealings. Westinghouse, General Electric. American Can and other leaders were 1 to 2 points below their previous levels around noon, but continued to meet considerable support when efforts were made to resume the early downward tendencies.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Monday. June 9. were $3,350,000; debits. $7,418,000. CHICAGO STATEMENT CHICAGO. June 9 Bank clearings, $84,200.000; balances, $12,000,000. NEW YORK STATEMENT NEW YORK. June 9.—Bank clearings. *6lO 000.000; clearing house balance *l3].000 000- federal reserve bank credit balanee. *137.000.000; federal reserve bank credit balance $127,000,000. TREASURY STATEMENT Bu United Press WASHINGTON. June S—Treasury offbalance on June 6 was *79.403.395.95: customs receipts for the month to that date totalled $8 995.730.06; government expenditures on June 6 were $14,382,183.07.

Investment Trusts

(By James T. Hamlll & Cos.) —June 6 Bid. Ask. Basie Industry Shares 9 9% Corporate Trust, Shares 9% 10 Diversified Trust Shares A... 25% ... Diversified Trust Shares 8... 20% 21 Diversified Trust Shares C... 8% 9% Nation Wide Sec 9% 10% Fixed Trust Shares A 21% ... Fixed Trust Shares 8... 18% ... Investment Trust of N Y 11 11% Leaders of Industry 11% 12% North American Trust Shares 9% 10% Standard Oil Trust Shares 8 10 S W Strauss Inv Units 52 58 Selected Amer Shares 7% 8% Trustee Standard Oil Shares B 10% 11 % U S Elec Sc Power Shares A.. 40% 42% U S Elec & Power Shares 8.. 12 12%

Local Wagon Wheat

Cltv grain elevators are paying 96c for No. 2 red wheat and 93c for No. 2 hard wheat.

Indianapolis Stocks

—June 9 . . Bid. Ask 4mer Central Life Ins C0....1.000 ... Belt RR & Yds Cos com 6014 634 •Belt R R & 8 Yds Cos pld.. 56 60 Bobbs-Merrlll Cos 30 33 4 Central Ind Pow Cos pfd 89 Circle Theater Cos com 106 Citlaens Gas 37 ••• Citizens Gas pfd 96 101 Commonwealth LCopf 7% ... 97 102 •Commonwealth L Cos pf 8%.. 98 ... Hook Drug Cos com new 24 36 ind Hotel Cos Claypool com.. 125 ... Indiana Hotel Cos pref 101 105 Indiana Service Corp pref 86 ... Indianapolis Gas Cos common.. 57 61'4 •Indpls Power Sc Lt Cos pfd... 103' 2 105' 2 Indpls Pub Wey Loan As com.. 53 Indpls St Ry Cos pfd ........ 10 ... Indianapolis Water Cos pfd .. 99 1004 •Interstate U S Cos pr L pf 89 93 Interstate Pub Serv 7<“ r ...... 101'a 104 •Northern Ind Pub 7% co Dfd..107 Metro Loan Cos 99 ... •Northern Ind P 54'fc CO pfd 9114 9414 •Northern Ind Pub co pfd 99 IC2 Progress Laundry Cos c0m.... 46 484 S Rauh & Sons Per Cos pfd Real Silk Hosiery M Inc pfd.. 96 Shareholders Investors C 0.... 244 ... Standard Oil C® of Ind 51 l a ... T H I * B pfd ...10 •Terre Haute Tree L Cos pfd. 75 Union Title Cos common 43*4 ... 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.... 9914 ... Central Ind Power Cos 8s 984 Citisens Gas Cos 55...........101 103 Cltisens Street Railroad 5s .. 42 43 '2 Gary St Ry Ist 5s 65 Home T Sc T of Ft Wayne 65.1014 ... Ind Northern Trac Cos 3 5 Ind Ry & Light Cos 65.. 96 Indiana Service Corpn 5s 88 Indpls Power Sc Light Cos 55.. 99 ’2 100*2 Indiana Union Trac Cos 55.... 7 Indpls Col & Trac Cos 65... 93 94 Indianapolis Gas Oo 55....... 994 ... Indpls & Mart Rapid T Cos 5s Indpls No Trac Cos 55.. 10 ... Indpls North Western Cos .... 1044 ... Indpls Street Rv 4s 29 . Indpls Trac Ter Cos 5s ,B®* ••• Indpls Union Ry 6s 1004 indpls Water Cos 54s 102 104 Indpls Water Cos 5s 97 5 , ... Indpls Water Cos lie & ref 98 ... Indpls Water 4Hs 934 Indpls Water W Sec Cos 5s 88 Interstate Pub Serv Oo 445.. 914 ... Interstate Pub Ser Cos 55..... 974 ... Inters!if Pub Serv 64e 10* No Ind Pub Berv Cos 5a 101 ... No Ind Telegraph Cos 6s 974 100 T H Ind & last Trac Cos 55.. 84 T H Trac Light Cos sa. .. Union Trac of Ind Cos .... 174 ... —Sales— Indpls P * Lt Cos pfd. 10 shares at. .1034 Hayes to Movie Parley Abroad Bn United Pre** NEW YORK. June 9. Will H. Hayes, president of the Motion Picture Producers and Exhibitors, is going abroad shortly to confer with foreign producers and study the technique of sound pictures, it was announced at his office today.

New York Stocks ■ ib* Thomson St McKinnon) "

-June *- Prev . Railroad*— High. Low, Close. cU*e. Atchison 221 220% 220 1 3 221 s * At I Coast Line.. .. ... I*7 167* Balt & Ohio lie's 110 110% 110 • Chess Sc Ohio ChfarfwSu.l3' 12H 13- U C hl R N I W & 5 V.107 '3 W% IOSJi Del L Sc Del Sc Hudson.. .. ••• ‘J,,’ Erie 41% 41% 41% 41% Orest Northern fL, Si,, Gulf Mob St Ohio .. ... 35^* filtnois Central 127% 125 127 128 Lou Sc Nash -:i„ ‘fSTJ M KSc T 47% 47 47% 47* Mo Pacific -• , ••• ,52,1, tei c W :::!!$% 18 fflg not psfific :::: *% ™% 1 % $4 Pennsylvania .. 75% 75% 75V. * Reading .113% , J ,}J% HS g u v g l U y- 30 294 ‘ 106 ■* 107 Union '.’.222 % 222 222 222 w a Ma"rvland.'.... 26% 28% 26% 26% West Pacific. t ",3 Equipments— Am Car Sc Fdv 84 Am Locomotive 52 * Am Steel Fd . .. .. J*,* iij Oen A Am B 1* | General Elec. ...77% 78% 7.% 77 Gen Rv 81gnal... ■ • S Lima Loco 29% 28% 29 Man El Sup 14% 14 s ♦% Press Stl Car.. 8% 8% 8% ** Pullman ....... 72% 72 73 u, Westingh Ar 8.. . ■ .HX Westineh Elec ..167T 165 • 16< 100 3 Rubbers— Goodrich'.':::::: * Goodyear ...... 80% 79 80 * Kellv-Sprgfld 4/a 4 4 M r.saKv.v.-. *% • •* •••' rnv. > Chrv.ler 33 321, 33 33 Gardner . 7V i 7 ,/. Graham Psige.. .. ••• .ii? * 7 * Hudson* MOt ° rS t 70% 8 4 % % 5X3 :::::::::: * ; f* ??aVh mon 39% '39 39% 39% SSSUf!*.'.::::::: 1# ’ 4 - 18 8% Studebaker .... 34 s . 34J. 331/.4 1 /. 34% Yellow Truck .. 24 231. 24 34,2 Motor Access — .. Bendix Aviation 38% 37_, 38,a * Borg Warner ... 35 30% 35 36 Briggs ....... 20 19% 20 20 Campbell Wy 22,• SS * El Storage 89 * B 2 7 ? Hayes Body ■■ - 4i Houda ....... 15% 15% 15% 15/* Motor Wheel . -■ •a:,, iiv. Sparks W ... 24% 24 24% 24% Stewart Warner 28 27 s * 28 -8 ,* Timkln Roll ... 69 67 67 % 66 Mining— , a ,/ Am Metals • •• . if,? Xm zZ 11 . 69 89 ?o% Anaconda Cop. 56% 55V* 58% 56 Cal Sc Hecla 17% 17% C?JrVpasco:: 53 '52% 52% 52% Grlmby Cor?. 3 .'.*. 30** 8% ‘ “ Great Nor Ore 21 21 * 88 f; issisav ci,-.-. a* a > Nev m cons OPP ":: ifttt '% '% 8% Texas Gulf Sul.. 57% 57% 57V3 57% U S Smelt 26 Amerada 26% 38% 26% 27% Am Republic.... .. ••• 24 4 25 Atl Refining.... 40% 40% 40% 40% Barnsdall 25% 25 ® 25 a 25 * Houston 101 98.3 101 100 India?* Refining -. 15% 15% 15% 16 Mex° Sbd.2B '% 26 '26% Mid Conti 27% 2. 27 27 V* Pan-Amer 8.... 59% 59% 59 2 59 3 Phillips 36V* 36 36 36 , Pr oir&oas.". ;; ... • Vt Richfield 20% 20% 20% 21 Royal Dutch 2£ Simms Pt ....'.. .-i .3;., sS,, Sinclair 27Va 26 * .7 a 27^# aeAi]v ... 34 Vs 34*4 Standard of Cal 68 65U 68 66% Standard of N.l 75 74. w 74/* 75 Standard of N Y 34% 34% Texas Cos 56 55% 55% 56% Union Oil ** Am* Rob” Mills.. 64% 63% 64% 63% Bethlehem 92% 92 92 . 92% Byers A M 85% 88V3 86% 90 Colo Fuel 62% 60 62% 60 Cruc Steel ,0 Ludlum337/1 7 / 31% 31 . 31/* Midland Newton uTsteef 8 '.::'.165% i4 165% 164% Vanadium .101% 97% 100% ... Youngst S & W 38 A ... Tobaccos — Am Sumatra..... 13 c.c Am Tobacco (A) ~ ••• 333 a4S Am Tob (Bl 251 250% 251 ... Con Cigars 48 v 40 sste-as m il 1 ::: i united ® g 'B "7% 7% Utilities— .0,/. Adams Exp -3:,, Am For Pwr ... 79*4 76 7 a Ts'/a it/a L 1 £& 2 | col Gas &El.. 78 76V* 78 77% Ei°pwt l°Li'::: s|% % % ? ?n*l ?“ T'".:: 60 * 58% 59% 59% U6% l 8& l|% f: s SSItS-::: v* 1 | 1 % West’ußfm .:: V. . I?i% Am h inti n Corp .. 41% 40% 41% 41% United Fruit 90% 89% Foods— Cal Pkg •• -i: .aij, Sf y * pv,nrfe Cos . . 64 3 ® 64 1/ s 64**4 6a Coca Cola .:. 184V* 184 184% 183% cSnt Baking A.. 26% 25% 25% 26% Cudahv Pkg.... 43 42% 43 43Va Gen Foods 58 57 5 S 58 58 Grand Union ... 1% 16 16Vs Hersey 103 102 V* 103 103 Kroger Teft .:::::: 32% '32 32 32% Nat Biscuit .... 87 86% 87 87 Safeway St ■■ ••• 94 95 4 Std Brands ... 22% 21* 21/* 22/* Ward Bkg .... 10% 10% 10% 10% CtrtTfnT 30% 20% 30% 20% Lambert Cos ..95 94% 94% 94’% Lehn & Fink 26% 27 Am Radiator .. 28% 28 28% 28% Bush Term 40% Oen Asphalt ... 56 55% .55% 56 Otis Elev 70% 70 70 71 Vs AUied“ch?m“*T29B 295 298 294% Com Solv ... 29% 26% 26% 27% Utjion Carb ...298 295 298 294%

Commission Row

FRUITS. Apples—Basket: Baldwin, J202J0: Stajman. 3202.50; Wlnesap. 33.25; Ben Davis, 32.25. Boxes: Stayman. 3303.25; Winesap, [email protected]. Barrels: Baldwin 36(36.50: Ben Davis. $5.50; Wlnesap. 37<36.30. Melons—Cantaloupes. California, standards $5 a crate; ponies. [email protected]; Honey Dew. $5.50 a crate. Cherries—California. 8-lb. box. *3.25. Grapefruit —Imperial Valley. 16.7507.75 * Lemons —Fancy California. |8 a crate. Limes—Dominican. $3.25 a 100. Oranges—California Valencia, $809.25 a Pears—Avocado California, 3609 a dozen Pineapples—Cuban. *3.5004.25 a crate. Strawberries—24-quart crate. Kentucky. $506; southern Indiana, $3.50 05; Illinois, $5; Marion county. $6. VEGETABLES. Atlchokes—California. 81.25 a dozen. Asparagus—Home-grown, long green, 75 @ 90c a dozen bunches: white. 65c. Besns—Southern stringless. *2.5002.75 a hamper. Beets—Louisiana, new. *2.25 a crate: home-grown, 90c a dozen bunches. Cabbage—Southern, new. 54c a lb.; *4.50 a crate. Carrots—Colifornla, *3.7504.35 a crate; Louisiana, *2: Indiana, *1.25 a bushel. Cauliflower—California. *3.35 a crate. Ceier ; —Florida, 3s to 8s crates. (405: washed. *lO2 a bunch. Corn—Roasting ears. Texas. (2.25 02.50 a 5-dozen crate. Cucumber—Home-grown, hothouse. (10 *1.35 a dozen. Eggplant—Southern. *2 a dozen. Kale—Home-grown. 75c a bushel. Lettuce—California Iceberg. (3.5004.50 a crate of 4s. ss; extra fancy Marion county leaf. SOc a 15-lb basket. Mustard —Home-grown. 75c a bushel. Onions—Green, home-grown. Ssc a dozen bunches; new. Texas, yellow Bermuda *I.BO a crate: Crystal Wax. *2. Parsley—Southern, 65070 c a dozen bunches. Parsnips—lndiana. (1.35 a buihel. Peas—Southern Telephone. *2.50 a hamper; California. *2.7503 a hamper. Peppers—Florida. *6 a crate. Radishes—Hothouse, button, (ic a dozen bunches: long, red or whita. 'iSc. Rhubarb—Home-grown. 35c r. dozen. Spinach—Home-grown 65c a bushel Tomatoes—Southern repacked 144s to 110s. *5 5006 50 a crate; 10-lb. box. (3. Marlon county hothouse. *S a 10-lb. basket. Turnips—New. *3.59 a bushel; Marlon county. 45c a dozen bunches. Potatoes— Michigan Round White. *4.75 05 a 150-lb. bag: Colorado Russet. *4.500 5. a 100-lb. bag: Red River Early Ohio.

Com Solv 27% 26% 26% 27% Union Carb .. 80% 79 s . 80 80 U 8 Ind A1c0.... 77% 77'% 77% 77% Retail Stores— Assoc Dry Gds 39% 40 Glmbe! Bros 16 15% 15% 15% Kresge S S 39% May D Store 49 50V4 Mont Ward 42% 41 42 42 Penny J C 86 Schulte Ret Bt.. 8% BV2 8% 9 Sears Roe 82 80% 81% 82 Woolworth 61% 61 6i% 60% A.nurements— Bru.ls Balke .... 17% 17 17 18 Col Graph 22% 21 Vs 22 22% Cros.ev Radio .. 15 141* 15 15% Eastman Kod ...233% 232 233% 231% Fox Kim 1 A).... 49% 48% 49% 49 Grigsbv Gru 22% 22% 22% 22% Loewa lac 83% 82 83 83 Param Fam .... 65% 64 6a 65% Radio Corp 44% 43% 43% 44% R-K-O 36% 35% 36% 36 5 . Schubert 19 s * 19% 19V* 19% Warner Bros .. 58% 57% 57% 59Vs Miscellaneous— Airway App 26 , /a 26!i 26U 27 3 4 City Ice & Fu.. .. ... 421a 42*2 Congoleum Am Can 137% 136 136 137% Cont Can 61% 60% 61 62 Curtiss Wr 8% 8% BV4 8% Otllette S R.... 83 82Vs 83 83 Real Silk .... 48% 47 48% 49% U S Leather A 20

In the Stock Market

(Bv Thomson & McKinnon l NEW YORK, June 9.—There is little of an encouraging nature in trade news, we must grant. If a seasonal falling off in general business is customary at this time, and which occurs every year, not excepting the banner year of 1929, is to be considered unfavorable, then of course we must construe conditions as indicating further recession. Unquestionably pessimism is again on the increase. However, we do not take such a hopeless view. The present depression can hardly be compared with that of ten years ago. It may be recalled that the United States Steel Corporation was operating then at about 40 per cent capacity, and even its $5 dividend could not be earned. Similar comparisons could be made in a great many other cases. The change at that time came suddenly and was emphatic and within a year or two the dividend of the Steel Corporation was increased. Conditions today, we believe, afford much more encouragement than they did at that time. The attitude of business today is one evincing perplexity rather than misgiving. Few believe that satisfactory business will not again make its appearance in due time, but momentarily uncertainty over some aspects prevail. If bear pressure has been as extensive as generally supposed, a technical rally of sizeable proportions should materialize at any time.

The City in Brief

TUESDAY EVENTS Democratic state convention, Cadie Tabernacle. Rotary Club luncheon, Claypool. Mercator Club luncheon, Columbia Club. Gyro Club luncheon, Spink-Arms. Purchasing Agents Association luncheon, Severin. i American Chemical Society luncheon. Chamber of Commerce. School board meeting, school offices, 7:30 p. m. University Club luncheon, Columbia Clnb. Universitv of Michigan Alumni luncheon, Lincoln. North Side Exchange Ciub luncheon, SftlO College avenue. Alliance Francaise luncheon, SpinkArms. Indianapolis Rrnubl'can Veterans Inncheon. Board of Trade. Indiana students who will be graduated from Westtown School, Westtown, Pa., Wednesday, are: Phyllis Mae Cosand, Richmond; Sarah Margaret Hiestand, Pennville; Frances Lenore Overman, Marion, and Eilzabeth Johnson Sahm, Indianapolis. Thomas J. Daugherty, Indianapolis, will be awarded his bachelor of philosophy degree at St. Xavier college’s ninetieth annual commencement in Cincinnati Tuesday. He was voted the best all-round athlete in the college last year. Two Indianapolis students are in Ohio State university record breaking graduating class of almost 1,400 to receive degrees Tuesday. They are: Harry F. Dietz, M. A.; and Sarah B. Blatt, A. B. John H. Holliday Post, American Legion, will meet Tuesday night at the First Presbyterian church. Dinner will be served at 6:30 o’clock and delegates will be elected to the state convention in Ft. Wayne. Tramp Starr, a former Greene county boy, new feature writer and radio entertainer at WLW, will be a feature attraction at the annual Greene county reunion at Garfield park Sunday. More than 1,500 are expected to attendRalph H. Ackerman, department of commerce attache at Santiago, Chili, will speak at a luncheonmeeting of the Indiana World Trade Club in the Chamber of Commerce, June 16. Kenneth H. Dame, manager of the department's Indianapolis office, announced today. Representatives of firms interested in Chili will be invited.

Officers of the graduating clasr of the Y. M. C. A. night high school are John Taylor, 303 North Irvington avenue, president; Glenn Jeffries. 3738 Creston drive, vice-presi-dent; Marvin Warren, 310 North Illinois street, secretary, and John Dillman of Lawrence, treasurer. The second round of the annual golf tournament being conducted by the Indianapolis Home Builders’ Association will be played Tuesday at the Meridian Hills Country Club. A dinner at the clubhouse will follow the play. Round table discussion of the problems of property management will be conducted by the Indianapolis Real Estate Board Tuesday noon in the Lincoln hotel. The meeting will be open to all interested in this phase of real estate. Company A, 158th Indiana volunteers held a picnic in Brookside park Sunday celebrating the thirty-sec-ond anniversary of service in the Spanish-American war. W. S. Ashford was re-elected president of the company and Frank Gray was reelected secretary and treasurer. SCOTCH TO MEET FATE 20,000 Quarts of Eondcd Whisky to Be Smashed on Wall Bn United Prexa WASHINGTON, June 9. The prohibition bureau's champion bottle throwers were warming up their pitching arms today while 20,000 quart bottles of real bonded Scotch whisky awaited destruction against a stone wall. It was confiscated re. cently in the Potomac freight yards while en route north from Miami, Fla.

THE INDIANAPOLIS TIMES

RISE FEATURES OPENING SALES IN PORKTRADE Cattle Irregularity Strong to Weak; Sheep Mart Moves Up. June Bulk Top Receipts 2 $10.4010.50 10.50 8.000 3'. [email protected] 10.50 7.500 4. 10.40W10.50 10.50 7.500 5. 10.35® 10.45 10.50 8.000 6. 10.35ei0.45 10.50 7.000 7. 10.35 W 10.45 10.50 3.000 9. 10.45® 10.55 10.55 5.000 Hogs were mostly 10 cents higher this morning at the city stock yards. Prices for the bulk, 160 to 275 pounds, ranging from $10.45 to $10.55. Receipts were estimated at 5,000, holdovers were 168. Top price paid today was $10.55. Cattle were little changed with two loads of beef steers selling at sl2. Receipts were 600. She stock were 25 to 50 cents off. Vealers were down 50 cents, selling at $11.50 to lower. Calf receipts were 500. Lambs were irregular, steady to 50 cents higher. The bulk sold at sll to $11.50. top sl2. Receipts were 700. Chicago hog receipts were 52,000, including 25,000 direct. Holdovers were 2,000. Early bids and a few sales were steady to weak with Friday’s average, or 10 to 15 cents higher than Saturday. Early top of $10.50 paid for around 190-pound weights. A few bids and sales on good to choice 160 to 210- pound weights were $10.30 to $10.40; 250 to 260-pound averages were $10.25; around 280-pound weights brought $lO.lO. Cattle receipts were 20,000; sheep 12,000. —Hogs— Receipts. 5,000; market, higher. Heavies, 300 lbs. up $ [email protected] 250-300 lbs 10.35® 10.45 Med. wts.. 25-250 lbs 10.55 200-225 lbs 10.55 Light wts.. 160-200 lbs J2-55*,„*ft 130-160 lbs 10 [email protected] 90-130 lbs 9.00® 9.75 Packing sows 8.50@ 9.00 -CattleReceipts. 600; market, steady. Beef steers. 1.100-1.500 lbs. . .. good and choice 13.00 Common and medium [email protected] Beef steers. 1.100 lbs. down. good and choice 1 2'S2Sin'ln Common and medium • 7.00® 10.50 Heifers. 850 lbs. down, good end choice Common and medium Jj'SS^o'nn Cows, good and choice v'sn Common and medium 8-00® 7.50 Lower cutter and cutter 4.25® 6.00 St and er cho r ice feed€r . SteerS :. * [email protected] Common and medium 7.00® 9.00 —Vealers — Receipts. 500: market, lower. Medium and choice $ 8.50®11.50 Cull and common 5.00@ 8.3 U —Sheep— Receipts. 700; market, higher. Lambs, good and choice sl H2fii on Common and medium Ismai'sn Ewes, medium to choice x'xn Cull and common 1.50® 3.50

Other Livestock Bu United Press CHICAGO, June 9.—Hogs—Receipts 52,000; including 22,000 direct; opening trade steady with Friday, later tra&e 10(h 15c lower; slow at the decline; top $10.50 pa-d for 180-200 lb. weights: only few loads above $10.35; butcher, medium to choice 250-330 lbs *9.75® 10.25; 200-250 lbs.. *9® 10.50; 160-200 lbs.. $9.90® 10.50: 130-160 lbs.. $9.75® 1.35: packing sows. s9® 9.60; nigs, medium to choice. 90-130 lbs.. $9.2-® 10 cattle—Receipts. 20.000; calves. 3.000: fed steers. 25c lower; yearlings weak to 25c off; largely a steer and yearling run, but she stock also in excessive supply considering the narrow demand and tendin& lower; most steers, $lO. 12; early top. $13.40; some held higher; slaughter classes, steers good to choice, 1,300-1 500 lbs $11.75® 14: 1.100 to 1.300 lba.. $11.25® 13.50: 950-1.100 lbs.. $11013.50; common and medium, 850 lbs. up. sß® 11.75; fed yearlings, good to choice. 750-950 lbs., *ll® 13: heifers, good and choice 850 lbs. down. $9.75® 11.75: common and medium. s7® 10; cows good and choice $7.50®9.70: common and medium. $5.75®7.50; low cutter and cutter. $405.75; bulls, good and choice beef, $7.6509; cutter to medium $6.2507.65; vealers milk fed. good and choice. sll®J3; medium, $9011; cull and common. s7®9: Stockers and feeders steers good and choice all weights. slo® 10.75; common and medium, 57.5009.i0. Sheeo-rßeceipts. 12,000: market steady; "ood native lambs. $12012.50; few head 5i 2.75; good yearlings. $10; top, $10.25; fat ewes mostly 's4 down: lambs, good and choice 92-lbs. down. $2.2013: medium, $lO 012- cull and common, $8010: ewes, medium to choice 150 It's, down, $3.2504.75; cull and common. $103.50, Bn United Press CLEVELAND, June 9.—Hogs—Receipts. 4.300; holdover none: mostly steady, spots 5c under Friday; 150-210 lbs., $10.75; 220250 lbs.. $10.65; 260-300 lbs.. $10.50; pigs, $10.25010.50; rough sows, $8.75; stags. *6.75. Cattle—Receipts. 1.475; steers 25® 50c lower; bulk common to medium light and hendyweights. *9® 10.75; cows steady, fulls firm; sausage kinds. $6.50 0 6.75. Calves—Receipts. 1.100; weak to 50c lower: bulk $12.50 down: top. *l3; medium. *10.50 011.50: culls downward to *9.50 and under. Sheep—Receipts. 2.700: lambs 50c lower, yearlings 53c higher: desirable lamc3. $9/>o® 12.50; choice yearlings upward to $10.50; sheep weaker; bulk ewes, 55.50 dowm. Bu United Press EAST ST. LOUIS. 111.. June 9.—Hogs— Receipts. 13,000; market slow. mostly steady with Friday, to $10.45. paid sparingly! bulk. 160-220 lbs.. $10.35010 40: bulk sows, $9.25. cattle—Receipts. 4,500: calves, receipts 2,00; market, steers slow; a few top fight heifers steady to sl2: othewise bulk bids lower; some interests bidding lower on all cows; medium bulls steady at $7.25 down, vealers unevenly 2sc lower and 25c' higher at $11.50012. Sheep —Receipts. 6.000: market, nothing done early: bidding lower on lambs; indications sheep steady. Bu United Press PITTSBURGH. June 9.—Hogs—Receipts, 3.300: market steady, with average; 150210 >bs.. SIO.BO and 10.85: 220-250 lbs., $lO 40® 10.75; pigs, $10.25® 16.50; rough sows. $8 500 8.75. Cattle—Receipts. 1,400; market. 25®50c lower; bulk grain fed steers and yearlings. $10.50011.35; part load babv beeves. $11.75; grass steers, mostly $8.50®10; bulk fat cows. S6®B: few heifers. 5709.50; bulk. $708.50. Calves —Receipts. $1,650: market, steady: good and choice vealers, sllOl2. Sheep—Receipts. 3.250: market, steady to 50c lower, decline on lamb bulk, $lOOl2, few yearlings, $809.50.

Bu Time* Special LOUISVILLE. Ky., June 9.—Hogs—Receipts. 1.200: market 5c higher; 250 lbs. up. *9.80; 165-250 lbs.. *10.40; 130-165 lbs., *9.60; 130 lbs. down. $7.60; roughs. *7.05; stags. *6.45. Cattle—Receipts. 1.000; market dull and lower; prime heavy steers. $100)11.50; heavy shipping steers, *9@lo: medium and plal nsteers. $809; fat heifers. $7.50® 11; good to choice cows. $6 08: medium ct eood cows. *5.25(3.7; cutters. $4.750 5.25: canners. $3.5004.25; bulls, *5.500)7; feedrs. $8(39.50: Stockers. *e/8. Calves—Receipts. 1.400; market 50c lower; tops. *9(3 9.50; good to choice. *7O 9: medium to good. 55.50®7; outs *5 down. Sheep—Receipts. 3.000: market 50c lower: ewe and wether lambs. *11: buck lambs. S10: seconds. *6.500 7; clipped sheep. *3.5904.50. Saturday and Sunday shipments: Cattle. 86; calves. 559; hogs, 296; sheep. 1,212. Bu United Prexx CINCINNATI. June 9.—Hogs—Receipts. 4 200. including 1.200 direct: heldover. 750; steady: bulk good and choice. 160-250 lbs.. $10.50010.65; latter price for 170-230 pounds: few around 270 lbs.. *10.35; 300 lbs.. $lO 25; bulk 120-150 lbs.. *IOO 10.25; most rows. $3.75(3 9.50. Cattle—Receipts. 1.400; calves. 425; slaughter steers, yearlings and heifers, over 700 lbs.. 25c to mostly 50c lower than last Monday; lighter weights s,eadv to 25c lower; cows Bid bulls about steady with last weeks close: medium to good. 1.000-1.200-!b. sters and 700-900-lb. yearlings. $11; best around 700-lh. vearllngs. $11.10: odd head 60-650 lb. earrings higher: common and medium steers and heifers mostly $8010: beef cows. $6,500 8; low cutters and cutter cows. *4.5008: bulls. [email protected]: few. $7.75; vealers steady: too. *11: bulk undergrades. *8.50010. Sheep—Receipts. 150; generally 50c lower; declines elsewhere, aualitv poor: demand fairly broad: bulk good lambs. *11: few choice lots up to $11.50, scarce: most common and medium kinds. *BO 9.50; bucks up to *10: choice light ewes under 120 lbs. up to $4.50: heavv kinds around 150 lbs.. *3.50 down; common ews and bucks. *3 down. B < United Prexa TOLEDO. June 9.—Hogs—Receipts. 650: market steady to 15c higher: heavies. *9.90 010.25; medium. *10.250 10.40: workers. *10010.25: pigs. *IOO 10 35. Cattle Receipts. 100: market slow, steady. Calves— Receipts, light: market steady. Sheep— Rceipts. light: market, steady. Editor of the Bookman Is Dead Bn Unttrd Press LONDON, June 9—Arthur St. John Adcock, editor of the Bookman, died today at 66. He was a distinguished novelist, poet and journalist.

Dow-Jones Summary

Hudson Motor Car Company WlUelMf down for yacatlon from June 38. to July 14. Household finance Corporation declared 10 per oent stock dividend and quarter cash dividend of 90 cents on common against 75 cents quarterly previously paid also II quarterly dividend on parttctpstlng preferred against 75 /Jlf 111 ** * r,d 12% cents extra heretofore paid. Neet Ine.. declared extra dividend of 40 cents on class B pay July 1. record Jtine 19. and regular quarterly dividend of *0 cents on common clan A stock pay same dates. Philadelphia Company twelve months ended April 30. total income $33,006,645 ofter expenses and ordinary faxes but before depreciation against $31,026,622 in previous twelve months* Standard Gas and Electric and subsidiary twelve months. April 39. total Income $77,110,102 after expenses and ordinary taxes, but before depreciation against $74,033,366 In previous twelve months. Louisville Oas and Electric, twelve months ended April 3 total income $5 899.587 after expenses and ordinary taxes, but before depreciation against $9,475,1*2 In previous twelve months. Lion Oil Refining Company declared regular quarterly dividend of 50 cents on common payable July 26, record June 27. Sterling Motor Truck Company declared regular quarterly dividend of SO cents on preferred payable July 1, record June 20. Commercial Credit Company concludes agreement with American Austin Car Company financing of national retail timesales of American Austin cars. . .Chevrolet Motor plant and Fisher Body plant of General Motors at Tarrytown. have started five-day a week schedule against six previously. Special meeting of stockholders of Niagara Share Corporation called for June 16. to vote on proposed acquisition of Marine Union Investors. Inc., and to increase authorised common shares to 10,000,000 from 7,500.000. Lamson & Sessions Company in first four months earned 86 cents a share on 277.263 common shares. Safewav Stores May sales, $19,647,815 against $18,572,116 In May, 1929. Five months, $92,928,187 against $83,117,256. Louis PhiUipe. Inc., declared regular quarter dividend of 40 cents on common part'clpating class A stock, payable July 1, record June 19. and dividend of 27 cents on the class B stock for period from May 1. to June 30, 1930, payable same dates. Bendix Aviation Corporation's offe;- to acquire Consolidated Instrument Company on basis of one share Bendix for twelve shares Consolidated approved by Consolidated directors and recommended to shareholders. Graham-Paige Motors first quarter net loss $489,480 after charges, as against net profit $523,641. or 29 cents a common share in like 1929 quarter.

Darwin P. Kingsley was - elected chairman of trust committee of Chemical Bank and Trust Company to fill vacancy caused by death of Wemlen Roosevelt. Contract for monopoly for twenty-five vears on manufacture of matches and ciaaret lighters in Turkey as guarantee of $10,000,000. Loan to be signed by Swedish match group and Turkish government today. Western Bar Iron Association and Amalgamated Association of Iron Steel and Tinworkers agree on revissd wage scale with elimination of the guaranteed minimum of $1.90 per hundred weight. Union American Investing Corporation vear ended May 31. 1930. net profit was $667,106 after taxes and charges equal to $6.44 a share on 103.517 common shares. Youngstown District Steel operations this week continue unchanged at 68 per cent average with increases in pipe output offsetting losses in sheet output. American Colortype Company stockholders to vote June 23 on proposal to increase authorized common to 300.000 shares frm 150.00 increased capital to be used for acquisition of American Art Works. Inc., of Coshocton. O.

Produce Markets

Eggs iCountry Run)—Loss off delivered in Indianapolis. 16Vic; henery quality. No. 1. 19c: No. 2. 14c. Poultry (buying prices) —Hens, weighing 444 lbs. or over. 20c: under 4’/* lbs.. zOe: Leghorn hens. 17c; springers. 2 lbs. or over. 25e: under 2 lbs., 25c: Leghorn springers. 19c; old cocks. 9®loc; ducks, full feathered, fat, whites. 9e: geese, 6c. These prices are for No. 1 top auality quoted by Kingan <St Cos. Butter (wholesale)—No. 1 35G36c: No. 2. 33® 3<c. Butterfat—3lc. Cheese (wholesale selling price per pound)—American loaf. 31c: pimento loaf. 32c: Wisconsin firsts. 27c; Longhorns. 34c: New York Limberger. 36C. Bu United Press CHICAGO. June 9.—Eggs—Market, steady; receipts. 31,563 cases; extra firsts, 22 Vic: firsts, 22c: ordinaries. 19@19Vic: seconds. 18c. Butter—Market, steady: receipts. 20.429 tubs; extras. 31’/ic: extra firsts. 29Vi030c: firsts, 28®28Vic; seconds. 260 27c; standards. 3144 c. PoultryMarket. steady to firm: receipts. 3 cars; fowls. 21c: springers. 30c: Leghorns, 16c: ducks. 17018 c; turkeys. 18c; roosters. 14c; broilers. 23c. Cheese—Twins. 16 s /® 17Vic; '■oung Americas. 18Vic. Potatoes—On track. 372: arrivals. 282; shipments. 942; market, old stock, no sales r.ew stock week: southern sacked bliss triumphs, $3.75 ®3.85: North Carolina Bells, Irish Cobblers, *5.25. _____ Bu United Press NEW YORK, June 9.—Flour—Steady end moderately active: spring patents, $5.80 0 6.20. Pork—Steady; mess. $32. T.ard—Firm; middle west spot, $10.45® 10.55. TallowJSteady; special to extra, s’bosV ß c. Potatoes—Steady; southern, *1.75 0 5.50; Maine, S3O 4; Bermuda, s9oj 12. Sweet potatoes—Steady; jersey baskets. 75c053.50. Dressed poultry—Quiet; turkeys. 25043 c; chickens, 17038 c; fowls, 140 28c; ducks. Long Island, 19c. Live noultry—Dull; geese. 11014 c; ducks. 14® 23c; fowls, 20026 c: turkeys. 15025 c: roosters. 13014 c; broilers. 16043 c. CheeseDull: state whole milk, fancy to special, 24028 c; Young America, 19025 c. Bu Vnited Press CLEVELAND. June 9.—Butter—(Cents per lb.) extras firsts. 35’ic. Eggs—(Cents per doz.). extras. 23c: firsts. 22c. Poultry—(Cents per lb.), fowls. 23 0 24c; medium. 23024 c; Leghorn, 15 0 20c; heavy springers, 28®24c; medium. 23 0 24c: Leghorn. 150? 20c: heavy springers. 28@36c: Leghorn springers. 20028 c; ducks. 15®22c; old cocks. 12014 c: geese, 10015 c. Potatoes —Maine Green Mountain $303.25 per 120lb. sack; home grown, $4.2504.50 per 10ib. boxes. Bu United Press CINCINNATI. June 9.—Butter—Steady; erleamerv in tub lots, according to score. 29@32c; common score discounted. 203 c; packing stock No. 1. 25c: No. 2. 18c; No. 3.14 c: butterfat. 28032 c. Eggs—Steadvcases, included: fresh gathered. 23c; firsts. 71c; seconds. 196 c: nearby ungraded, 22c. I.i-e pueltry—Thin and coarse stock sells c-fiv at heavy discount; fowls. 5 lbs. and Ov . 19c; 4 lbs. and over. 20c; 3 lbs. and over. 20e: Leghorns. 3 lbs. and over. 16c; roosters. 14c; broilers, colored, over 2 lbs.. 35c broilers. 444 lbs. and over. 30c; 1V lbs. and over. 27c: Leghorn and Orpington broilers, 114 lbs. and over. 25c; 144 lbs. and over. 22c: broilers, pertly feathered. 200 22c; black springers, 22e.

New York Bank Stocks

—June 7 , Bid. Ask. America 120 123 Bank of United States... 524 53 Bankers I*B 150 Brooklyn Trust 760 770 central Hanover 380 382 Chase National 1584 }S?,. Chatham Phoenix Natl..-.. 1294 1314 Chemical 84 70 City National 175 177 Com Exchange 312 215 Comerclal 515 525 Continental 33 4 344 Empire 86 First National 5.700 5.750 Guaranty 695 697 Irving 544 554 Manhattan Sc Cos J 22 1224 Manufacturers 116 118 New York Trust 2J5 278 Public 118 120 Chelsea 45 49

Robert K. Tomlinson INVESTMENTS 894-98 Continental Snob Bldg Indianapolis Lin 9818

We Make REAL ESTATE FIRST MORTGAGE LOANS FARMERS TRUST COMPANY US East Market Street ... ****

WHEAT PRICES MOVE UPWARD ON SENTIMENT C:nflicting Reports Add to Uncertainty of Grain Futures. Bh United Prr CHICAGO. June 9—W th a thousand visitors watching the opening sales as the traders dedicated the pits in the new $22,000,000 Board of Trade building here this morning, prices were fractionally high on buying more for form than a desire to take grain. The lack of rain in all but sections of Kansas and Nebraska, where it wasn’t needed, and the strength at Winnipeg, however, caused some of the buying. Corn was up fractionally as was oats. At the opening wheat was % to % cent higher, corn was unchanged to % cent higher and oats was % to % cent higher. Provisions were firm. Sentiment ruled rather than mixed with traders watching the weather in the southwest where harvesting is already under way and in Canada and the American northwest where rains are needed. The lack of export demand continues depressing. The lack of moisture this year fol-, lows a drought year which intensifies the lack of a reserve in the spring wheat belt. The outlook abroad is for only a normal crop, which would lower production about 150,000,000 bushels from last year, without considering Russia. While the carryover in the United States on July 1 is estimated at 270,000,000 bushels or 25,000,000 bushels in excess of the record established last year. The total world’s carryover is expected to show a decrease or around 100,000,000 bushels. There has been a let down in com receipts the last few days but the eastern shipping demand has fallen off with it. Increased receipts are expected for today. The weather was favorable over the week-end. Beneficial rains have fallen in the oats territory in the last several days, which, while it will not produce a bumper crop, will improve the situation. This has been reflected in the slightly lower prices. The cash demand remains good.

Chicago Grain Table —June 9 WHEAT— Prev. Open. High. Low. Close, close. Julv. • 106% 1.07% 1.06% 1.07% 1.06% Sept.. 1.09% 1,10% 1.09% 1.10% 109% Dec.. 1.13% 1.15% 1.13% 1.15 1.13% CORN— July.. .81% .817* .81% .81% .81% Sept.. .81% .82% .81% .82% .81% Dec.. .75% .76% .75% .76',4 .75% OATS— July.. .40% .40% .40'/* .40% .40 Sept.. ,40% .40% .39% .40% .39% Dec.. .43% .43% .43 .43% .43 RYE— July.. .61% .62% .61% .62% .61% Sept.. .66 .66% .65% .66% .65% Dec.. .71% .72 .71% .72 .71% LARD— July. 10.22 10.22 10.17 10.71 10.15 Sept. 10.40 10.40 10.37 10.37 10.35 Oct 10.37 10.37 Dec 10.00 10.00 BELLIES— July 14.40 14.40 Sept 14.15 14.15 E,y Times Special CHICAGO. June 9.—Carlots: Wheat. 9; corn. 97; oats. 20. and barley. SOCIETY WOMEN NOT TO ABOLISH COCKTAIL Gotham Leaders to Ignore Appeal of Philadelphia Matron. Bv United Press NEW YORK, June 9.—A powerful contingent of New York society women, headed by Mrs. R. Stuyvesamt Pierpont, will not accept the suggestion of Mrs. George Holt Strawbridgc of Philadelphia that the cocktaii be abolished. “Eighteen of my friends,” said Mrs. Pierpont, “evidenced to me today that they will not follow Mrs. Strpwbridge’s suggestion.” In a letter to Mrs. Strawbridge, Mrs. Pierpont wrote “to obey a law that is stupid or ill-advised simply because it is a law will not serve to further the cause ol temperance or add to respect for the government.”

COSTLY NEW BAKERY TO OPEN TUESDAY West Vermont Plant to Have Capacity of 4,000 Loaves an Hour. Formal opening of the new halfmillion dollar plant of the General Baking Company, 318 West Vermont street, will be held Tuesday, it was announced today. Coincident with the opening, the organization w'ill introduce its product, known as “Bond Bread,” already being distributed in more than one thousand communities throughout the country. Philip Devenney has been appointed manager of the new plant, which will have a capacity of 4,000 loaves of bread per hour by use of all the latest machinery and equipment developed by baking science. American Telephone and Telegraph Company ® 163rd Dividend The regular quarterly dividend of Two Dollars and Twenty Five Cents ($2.25) per share will be paid on July 15,1930, to stockholders of record at the close of business on June 20,1930. H. BLAIR-SMITH, Treasurer.

James T. Hamill & Company BROKERS Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Beard of Trade Associated New Tork Curb 203 Continental Bank Bldg. Tel. Riley S49S— Riley 5494

Business — and — Finance

Edison Brothers Stores. Inc., for Msv reports gross sales of $482,310 against $340,439 reported for May. 1929. an increase of 41.6 per cent. For the five months ended May 31. 1930. sales totaled $1,887.637 against $1,425,868 for the corresponding period last year, an Increase of 32.3 per cent. CHICAGO. June 9.—Central Public Service Corporation reports an increase of 10.99 per cent In net earnings for the twelve months ended Aptll 30. 1930. pro** earnings in the same period increased 6.88 per cent over the preceding twelve months. American Water Works and Electric Company Inc., reports consolidated gross earnings for the year ended April 88, 1930, of $64,819,143. a gain Os $3,964.811 over gross of $51,794,382 reported for twelve months ended April 30. 1929. Net income after all charges, including reserves. totaled $7,818,783 equivalent, after preferred dividend, to $3.90 a share on the 1,698,511 shares of common stock outstanding. For the year ended April 30. 1929. net income totaled $6,805,807, which after similar charges, was equivalent to $3.82 a share on the 1.467,950 shares of common stock then outstanding. During the year an additional 230-. 561 shares of common stock were issued. DETROIT. June 9.—The board of governors of the Detroit Stock Exchange has approved the listing as of June 5. of 62.500 shares of class A no par stock and 287.500 shares of common no par stock of the Muskegon Motor Specialties Company. The class A stock is on an annual dividend basis of $2 and the common stock sl. Os the 287.500 shares of common stock. 125.000 shares are now outstanding. 100.000 shares are reserved for exchange on a share for share basis for capital stock of the Jackson Motor Shaft Company. and 62,500 shares are reserved for the conversion of class A stock. DETROIT, June 9.—During the five weeks ended May 31, actual installations in branches and dealer shipments by Silent Automatic Corporation showed an increase of 41 per cent over the same period of 1929 and for the first five months of 1930 the corporation registered a 21 per cent increase over the similar period of 1929. Sales of annuity contracts In May by the western division of Fidelity Investment Association, which includes Indianapolis and eight, other middlewestern cities, amounted to $2,566,000 as compared with $1,628.-00 in same month last year, a gain of $938,000. according to the local office here. Five months' sales were $9,878,000 as compared with $6,592,000 last year, a gain of $3,284,000.

Ask Us if You Have Problems on Insurance Asa service to Times readers, Paul Bailey of the Insurance Research and Review will answer all questions pertaining to insurance. While certain questions having the angle of involving company names and policies can not be discussed, problems of a general nature will be covered completely. This column will run each Monday in connection with other insurance publicity and advertising. Address your questions to INSURANCE EDITOR, THE TIMES.

Doctors—Dentists Insure your surgical and scientific instruments and apparatus against fire, theft, loss and damage in transit between Continental, U. S. and Canada for their actual cash value. The same coverage applies on Radium. BON O. ASPY 211 Guaranty Bid. LI. 6451.

Announcing appointment of L. D. Ginger General Agent Atlanta. Life Insurance Company in Central Indiana Offices: 1550 Consolidated Bldg. LI, 3058 An Old Line Legal Reserve Life Insurance Company, entering its 31st year of businers. $168,1.3*1,557.00 in force. Assets $22,188,506.00. Licensee’ in twenty-four states. Business in 1929 increased 21%. Writes participating and nonparticipating insurance. Age limit: Birth to age 65. 5% paid on dividends accumulating: 5V4 % paid on trust funds left with the company. Know About Our Thrift Bond. “Honestly It’s the Best Policy”

We Appreciate Your Patronage That’s Why We Give You Good Service EMPIRE LIFE AND ACCIDENT INSURANCE Empire Bldg. C. S. Drake, Pres.

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PAGE 13

NEW HOME OF CHICAGO GRAIN TRADEOPENED Building Dedicated With March of Progress Through Loop. Bv United Press CHICAGO, June 9.—The Chicago Board of Trade dedicated its new skyscraper home today with a "march of industrial progress,” from the dingy temporary quarters on South Dearborn street to the limestone tower that rises forty-four stories at the foot of La Salle street. President Hoover by touching a button in Washington opened trading in the Cathedral-like rocm where millions of bushels of wheat and corn will change hands in days to come. Simultaneously the trading room was linked with the Liverpool market by telephone and John A. Bunneli, president, talked to Alexander Slater Jr., head of the England mart, who sent felicitations. Dedication of the 612-foot Board of Trade skyscraper marks the culmination of eighty-two years of wheat trading in Chicago, and is a far cry from the dingy upstaira room over a grocery where the first traders met. Atop the tower is a monster clock, visible all over the Loop. The timepiece is flanked by carved figures symbolic of wheat and corn, the grains that pour in from the fields of the west and are diverted to the world’s markets through brokers who own the 2,450 seats on the exchange. The members marched to their new home through festoons of ticker tape and showers of confetti. The trading room is floored with teak wood, the most durable known, and expected to withstand for many years the milling of traders and tha dashing scuffs of messenger boys. The room itself is four stories high, of cathedral dimensions.

The Merchants Fire Insurance Company of Indiana An Indianapolis Stock Fire Insurance Company, issuing a participating policy at a saving of 20 to 40 per cent. Call Lincoln 7236 A Representative Will Call

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