Indianapolis Times, Volume 42, Number 29, Indianapolis, Marion County, 13 June 1930 — Page 25

kJUNE 13, 1930

SMALL DEMAND LOWERS WHEAT IN DULLTRADE Belief Held .That Market Is Oversold; Reaction Expected. Bu United Press CHICAGO, June 13.—Wheat was unevenly lower as the Board of Trade opened today. Early reports of rain were received from Canada, but the extent and quantity were net known. Liverpool was weak from pressure to sell winter wheat on an apathetic market Selling was moderate v/ith little buying power early. Corn eased slightly and oats was about steady. At, the opening wheat was unchange to % cent lower; corn was % to '4 cent lower, and oats was unchanged to li cent lower. Provisions were steady. Liverpool opened about as expected. but declined rapidly and at midafternoon was % to % cent off. Continued weakness in the New York stock market and the drastic decline in cotton, combined with the low rye prices and unfavorable economic reports, tends to have considerable influence on local sentiment, already decidedly bearish. Some operators believe the market has beccme oversold as a result of the 6% cents drop from last week, but nothing more than a technical reaction is looked for. The decline in wheat and the break in barley caused the corn market to weaken. The good cash demand sustains prices, but the favorable progress of the new crop and the large stores of other food grains here and in Canada are resulting in a slow decline. Domestic and Canadian weakness has upset oats prices, with considerable liquidation in July adding to the pressure. The cash demand remains fairly good for the present. Chicago Grain Table —June 13— WHEAT— Prev. Open. High. Low. Close close. July.. 1.02% 103% 1.00% 1.01 1.03 Sept:. 1.03% 1.06% 1.03% 1.03% 1.05 Dee.. 110 1 11% 1,08% 1.08% 1.10% CORN— Jute/. '■".79% .80% .79 .70% .79% Sept.. .SOU .80% .79% .79% .80% Dec.. .74% .75 .73% .73% .74% OATS— July.. .38% .38% .36% .37% .38% Sept.. .38% .38% .37% 38% Dec.. .41% .41% .40% .40% .41% RYE— July.. .56% .57 .54% .54% .57% Sept... .01% .61% .59 .59% .61% Dec.. .66% .67% .64% ,64% .67% LARDJulv 10.00 9.92 .9.92 9.92 sept. 10.15 10.17 10.10 10.10 10.12 Oct. 10.15 10.15 10.10 10.10 10.17 Dec 9-80 9.80 BELIES— July. 1430 14.30 14.20 Sept ..... 13.80 13.80 /‘.v Time* Special CHICAGO. June 13.—Carlots: Wheat, 14; corn, 177; oats. 39; rye, 1, and barley. 3. fi" 1 ii ilrrl Pre>.s TOLEDO. June 13.—Grain close: Wheat --No. 2 red. 81.04411.05. Corn—No. 3 yellow. 83%4,84%c. Oats—No. 2 White. 43%@ 43%c. Rve —No. 2. 80c. Bariev--No. 2, 60c. Clover—Domestic, cash. new. $11.80; prime choice. sl2; October, $19.60; December. sl2 80 Alsike—Cash. $11: October. SIO.BO. Butler—Fancy creamery. 36@37c. Eggs—Country run. 204/ 22c. Hay—Tim-

Indianapolis Stocks

—July 13Bid. Ask. freer Central Life *ns C0....1.000 Belt R R & Yds Cos com 60% 63% •Belt R R & 3 Yds Cos pfd.. 56 60 Bobbs-Merrill Cos 30 33% Ccmral Ind Pow Cos pfd 89 92% Circle Theater Cos com 106 Citizens Gas 27 Citizens Gas nfd 96% 100% Commonwealth L Cos pi 1%... 97 102 •Commonwealth L Cos pf 6%.. 98 Hook Drug Cos com new 24 26 Ind Hotel Cos Claypool c0m..125 Indiana Hotel Cos pref 101 105 Indiana Service Corn pref 86 Indianapolis Gas Cos common.. 57 61% •Indnls Power Sc Lt Cos pfd...lo3’j 105% Indpls Pub Wev Loan As pom.. 53 Indpls St Rv Cos pfd 10 Indianapolis Water Cos pfd... 93 •Interstate U S Cos pr 6'/ 0 L pf 89 93 Interstate Pub Scrv 7rt 102 103% •Northern Ind Pub 7G> co pfd.. 10 1 Metro Loan Cos 99 •Northern Ind r 5% r ;- co pfd.. 91'j •Northern Ind Pub 6 r v co pfd 99 102 Progress Laundry Cos com 46 48% S Rauh & Sons Fer Cos pfd... .. Real Silk Hosiery M Inc pfd.. 96 Shareholders Investors Cos 24% ... Standard Oil Cos of Ind 51'4 ... T H I & E pfd 10 ... •Terre Haute Trac L Cos pfd. 75 Union Title Cos common 43% ... 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'a Citizens Gas Cos 5s 101 102 Citizens Street Railroad 55.... 42 43 Garv St Rv Ist 5s 65 Home T&T of Ft Wayne 6s. 101% .. Ind Northern Trac Cos 3% s's Ind Rv & Light Cos 6s 96 Indiana Service Corpn 6s ... 88 Indpls Power & Light Cos 55..100% 101 Jndiana Union Trac Cos 6s 7 ndpls Col Sc Trac Cos 6s 92% 94 Rdianapolis Gas Cos 5s 100 ndpls Sz Mart Rapid T Cos ss. .. Indpls No Trac Cos 5s 10 Indpls North Western Cos .... 10% Indpls Street Ry 4s 29 30 Indpls Trac Ter Cos 5s 80% ... ilndpls Union Ry 6s 100% Undpls Water Cos 5%s 102‘a 104 Indpls Water Cos 5s 97% ... Indpls Water Cos lie & ref.... 98 Indpls Water 4%* 63% 94% Indpls Water W Sec Cos 5s 83 Iterstate Pub Serv Cos 4%s 91', ... Interstate Pub Ser Cos 5s P 8 Interstate Pub Serv 6%s 103 No Ind Pub Serv Cos 5s 101 No Ind Teleeranh Cos 6s ... 97% 100 T H Ind * East Trac Cos 55.. 64 T H Tree Light Cos 55... Union Trac of Ind Cos 6s ... 18 ... LONG OPERATION DELAY Aged Man Has Franco-German Bullet Removed 59 Years Later. Bu United Press BERLIN. June 13.—Fifty-nine years after Lorenz Ernest, 80, was wounded in the Franco-German war, the bullet in his leg caused him great pain and had to be removed by an operation.

■ . ACROSS THe?J£ OVED I I w^6 f TREET I i r< HOT£L U DG ' i |jVOVV- At jOB I

In the Stock Market

<Bv Thomson tt McKinnon) NEW YORK, June 13.—Little surprise is contained in the drop in brokers’ loans. Considering the severity of the decline in stock prices it was expected in some quarters to be greater. No change is noticeable in the character of business news. The unfortunate commodity situations is again aggravated by weakness in prices, particularly cotton, whifh v as dropped to new low levels for the season. The copper situation also is disappointing in view of the unexpected reduction in metal prices. The dispute over the tariff bill seems now to be ended. The senate is ready to vote today and the measure will be in the hands of the President Saturday. Apparently the bill is destined to be law. Right or wrong, the decision will give business an opportunity to know where it stands on that score. Even the opponents of the bill who are voting in favor of it admit the removal of the uncertainty therefrom, is almost as important as the tariff. At least in the enactment, wc are assured the subject will not be revived at the next session. As to the stock market, we find many securities now are selling at very attractive yields in the case of companies which are seasoned against a period of unsatisfactory business. Investment possibilities, we believe, i o mite promising.

Produce Markets

Eggs (Country Run>—Loss off deliverd in Tndianapnils. l&c: hencry quality. No. 1. 21c: No. 2. 16c. Poultry (buving prices—Hens, weighing 4% lbs. or over. 18c; under 4% lbr.. 20c: Leghorn hens. 16c: springers 2% lbs. or over. 27c; under 2% lbs., 2ac: Leghorn springers. oland cocks, full feathered, fat whites. 9c; geese, 6c. These prices are for No. 1 top quality quoted by Kingan & Cos. Butter (wholesale) —No. 1. 35@36c: No. 3. 33@ 34c. Butterfat—3lc. Cheese (wholesale selling price per pound!—American loaf. 31c: pimento loaf. 32c; Wisconsin firsts. 27c; Lognhorns. 34c; New York Limberger. 36c. Bii United Press NEW YORK, June 13.—Flour—Dull and lower: spring patents. $5.60® 6. PoriC— Quiet; me:;s. $32. Lard—Weaker; middle west spot. $10.30® 10.40. Tallow—Quiet; special to extra. 5%®5%c. PotatoesSteady; Southern. $2.50(0,7; Maine, s2® 4 25. BuUniled Press CHICAGO. June 13.—Eggs Market, steady; receipts. 25.799 cases: extra firsts, 22Vic- firsts, 22c; current receipts, 20% 21c: seconds. 18c. Butter—Market, steady; receipts. 17.298 tubs; extras. 31%c; extra firsts. 29®30c: firsts. 284/28%c; seconds. 30c: standards, 31%c. Poultry—Market, Steady to weak: receipts. 2 cars; fowls, 20c; springers. 28c; Leghorns. 15c: ducks. 13c; geese. 12c; turkeys. 18c: roosters. 13%c; broilers. 22c. Cheese—Twins. 16%<a> 17c; voune Americas. 18c. Potatoes—On track, 306: arrivals. 66; shipments. 1.142; market, weak: southern sacked Bliss Triumphs. 53.50®3.75: North Carolina, bbls., Irish Cokblers. $5. Bu T-nitrrt Prrss CINCINNATI. June 13— Butter, steady; creamery in tub lots, according to score, 294/32c; common score discounted, 2® 3c; packing stock. No. 1. 25c: No. 2. 15c: No. 3.12 c: butterfat. 2871300. Eggs— Steady: cases, included; fresh gathered. 23%c: firsts. 21c; seconds. 19c; nearby ungraded. 22%c. Live poultry—Thin and coarse stock sells only at heavy discount. Fowls. 5 lbs. and over. 19c: 4 lbs- and over 19c; 3 lbs. and over. 19c; Leghorns, 3 lbs. and over. 18c: roosters. 15c: broilers colored over. 2 lbs.. 30c: broilers over 1 % lbs.. 27c: 1% lbs. and over. 24c; Leghorn and Orpington broilers, over 1% lbs., 22c- 1% lbs. and over. 19c; broilers, partly feathered. 17@19c; black springers, 20c.

Local Wagon Wheat

Citv grain elevators are paying 91c for No. 2 red wheat And 3TBc for No. 2 hard wheat. Births GirH Kenneth and Lela Milhollin, Methodist llo Eari a and Rose Breedlove. Methodist hosHarry and Helen Yeoman, Methodist and Thelma Moyer. Methodist hospital. Bovs Charles and Lottie Swenson. Methodist RtChard and Mary Miller. 3039 North G william and Edith Mitchell. 1030 Union. Gurnie and Cora Tuttle. 733 North Belle Vieu. ■ Deaths Blanche Southern Burton. 77. 124 West Fourteenth, chronic myocarditis. Reason D. Sanders. 58, Methodist hospital, edema of lungs. . Flora B. Huestis. 53. 210 McKHn. carcinoma. „ . Clara Etta Moore. 56. Christian hospital. Intestinal obstruction. Lawrence Garrett. 37, 809 East. St. Clair, pulmonary tuberculosis. Hubert Vance. 17. 520 North Traub. septicaemia. Pete Kinnaman. 84, 942 Bell, cerebral hemorrhage. .... Walter W. Fhiley. 63. 2301 Kenwood, chronic myocarditis. Harry Malone. 32. 954 Pearl, lobar pneumonia. Bn ant D. Allen. 69. 401 Berwick, cardio renal vascular disease. Gladvs Richardson. 2. 826 South Pennsylvania. broncho pneumonia. Viola Brtdwell. 46. Central Indiana hospital, nephritis. William F. Jackson, 54. 4227 Gracsland. aortic regurgitation. George W. Piersho. 73, 123 West Morris, carcinoma. „ .. Florence McLaughlin. 70. 2204 North Alabama, acute obstruction of bowels. Sarah Catherine Aldr.dge. 74, 1427 Bcllefontaine. Bright's disease. Building Permits C. D. Olin. repairs, 2020 Central.* S7OO. Jose-Kuhn lumber Company, repairs. 1059 East Maple road. S3OO. Thomas Vapoll. building. 1430 Nordyke. $3,800. Garfield Park Building and Loan, reroof. 2907 Clifton. S2OO. J. V. Stout, repair. 3364 Park. S2OO. National Refining Company, building, 4002 East Washington. $3,800. National He.intng Company. bulldiiiß, Fiftv-fourth and College. $3,800. National Refining Company, building. Twelfth and Capitol, $3,800. National Refining Company, building. North and Delaware. $3,800. J. Jordan, oil burner, 4227 North Illinois, $2,200. S. C. Farrington, repair. 4502 Manlove, S2OO. J. Fisher, garage. 1614 North Colorado. S2OO. _ United States Treasury Department, fence. Ohio and Meridian. $1,500. L. Kirkpatrick, station. 6780 East Washington. S3OO. , C, Binkley, dwelling and garage. 5425 North Pennsylvania, $12,500. T. Schilling, reroof. 1506 Pleasant, $274. J. Nicks, garage. 935 East Raymond. S3OO. A. J. Gruenholz. dwelling and garage. 1856 Mansfield. $3,000. E. K. Van Osdol. addition. 133 West Forty-sixth. SI,OOO. _ . E. Branch, addition. 833 South Sheffield, , S3OO.

STEEL SHARES AGAIN LEAD IN STOCKUPTURN Industrials, Utilities Show Firmer Trend; Oils Move Up.

Average Stock Prices

Average of thirty industrials for Thursday wag 247.18. off 1 90. Average of twenty rails was 135.13. off .75. Average of twenty utilities was 91.22 off .43. Average of forty bonds was 95.26. off .10. Bn United Press NEW YORK, June 13.—Uncertain movements continued on the Stock Exchange today. Trading volume shrunk to around the lightest of the year and aeveral swings back and forth occurred in the morning. Around noon, prices were moving forward, apparently-with ease as leading industrials displayed a firmer tone. United States Steel was again the outstanding leader. Around noon, it was at 165, up 2 points from the previous close. Utilities Rally American Can was up 2 to 134; Westinghouse Electric, 1% to 153%, and Bethlehem Steel, 1 at 89. Utilities went through a severe sinking spell but came back with the industrials. Oils also firmed up under the leadership of Standard of New Jersey. Rails, however, failed to recover. Amusements, steels and special issues showed a firmer tone. J. I. case was up 5 at 215 and other highpriced issues made fair gains. Call Money Off Motor shares which were under pressure in the early trading came back slightly, but most of them held just under the previous close, several at new lows for the year. American Telephone and International Telephone both made new 1930 lows, but rallied from points in the late morning. Call money renewed at 2Vi per cent, the lowest renewal since March 20.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearin’,s Friday. June 13. were $3,998,000: debits $7,516,000. CHICAGO STATIMENT Bu United Press CHICAGO, June 13.—Brnk clearings, $100,000,000; balances, $10,300,000. NEW YORK STATEMENT Bu United Press NEW YORK. June 13.—Bank clearings, $1,506,000,000: clearing house balance. $231,000,000; federal reserve bank credit balance, $190,000,000. TREASURY STATEMENT fiu r,,;tr,l Press WASHINGTON. June 13.—Treasury net balance on June 11. was $58.263,209.20: customs receipts for the month to that date totaled $15,143. 135.50; government expenditures on June 11. wer $11,208,612.14.

New York Bank Stocks

Bid. Asked. Aiherica 110 113 Bank of United States 52 53 Bankers 141 143 Brooklyn Trust 740 753 Central Hanover 369 372 Chase National 148 150 Chatham Phoenix Natl. .. 124 126 Chemical 65 66 Vi City National 165 168 Corn Exchange 188 191 Commercial 485 425 Continental 31 33 Empire 84 87 First National 5,300 5,500 Guaranty 685 690 Irving 54 54 % Manhattan.& Cos. 117 119 Manufacturers 109% 111% New York Trust 261 255 Public 113 114% Chelsea 43 47

Investment Trusts

(By James T. Hammill) —June 13Bid. Ask. Basic Industry Shares 8% 9% Corporate Trust Shares 8 7 /8 9% Diversified Trust Shares A..... 23% ... Diversified Trust Shares B .... 19*a 20% Diversified Trust Shares C..* 8% 3% Fixed Trust Shares A 9% 9% Fixed Trust Shares B 20% ... Investment Trust of New York 9% 10% Leaders of Industry 11 11% North American Trust Shares. 9% 9% Standard Oil Trust Shares ... 9% 10% S. W. Strauss Inv. Units 52 58 Selected Amer Shares 7% 8% Trustee Stand Oil Shares B 10 10% U S Elec St Pow Shares A .. 39 41 U S Elec & Pow Shares 8... 10% 11% NEW YORK COFFEE RANGE —June 12— High. Low. Close. March 7.15 7.10 7.11 July 7.79 7.70 7.70 September 7.60 7.54 7.54 December 7.30 7.27 7.28 Marriage Licenses Floyd E. Wiggs, 32, of 1308% West Washington, conductor, and Corrine Frieje, 19, of 40 North West, waitress. Herbert Chappell, 26, of 208 Guilford, clerk, and Lucinda I. Ward, 25, of 962 North Sheffield. Cyril H. Blankman, 23, of 1820 North Delaware, barber, and Evelyn A. Bartlett, 22. of 725 North Pennsylvania, clerk. Dr. Wayne J. Krlder. 26. of Creencastle. dentist, and Alice T. Wallace, 24, of 2828 Central. Hewlett Belcher, 21, of 1358 Eugene, laborer, and Mana P. Lane, 19, of Fiftyninth and King. Fred Vanlanaingham. 21, of 1210 West Tenth, clerk, ana Helen Drake, 18, of 528 North Belmont, waitress. William J. Grein, 26. of 116 North State, clerk, and Alice E. McDaniels, 26, of R. R. 12. Box 42-K, teacher. George W. Sanders, 20. of 2619 James, laborer, and Maria J. TewelL 18, of 2345 Hovey. Bernard Schultz, 36. of 2178 North Riley, laborer, and Lena Roehling, 22, of 2176 North Riley. Church Population Listed SOUTH BEND, Ind., June 13. The church population of South Bend is virtually one-half the total enumeration, it was revealed a few days ago in a religious survey. Total membership in churches was 48,984.

THE INDIANAPOLIS TIMES

Business — and — Finance

The regular s$ mi-annual dividend of $3 a share was declared on the stock of the Bankers Trust Company by the directors in their June meeting held Thursday. The dividend is payable June 30 to holders of record on June 14. Illinois Water Service Company, a subeidiary of Federal Water Service Corporation. reports gross revenues of $644.585 for the year ended April 30. 19.0, as compared with $603,728 for the Preceding twelve montbs. Operating expenses, maintenance and taxes, other than federal income tax, tota.ed $337,990. as again.) $315,247. Gross Income amounted to $303,895. which compares with $288,480 for the year ended April 30, 1929. Director* of the American Maize products Company Thursday declared regular quarterly dividends of 50 cents a share on the common stock and 144 per cent on the preferred stock, payable June 30 to stockholders of record June 14. F. & W. Grand 5-10-25 Cent Stores. Inc.. for May reports gross sales of $1,839,861 against $1,687,557 for May. 1929. an increase of $152,283 or 9 oer, cent For the five months ended May 31 1930. sales five months ended May 31. 1920, an increase of $740,368 or 10.2 per cent. The International Telephone and Telegraph Corporation reports that cable and radio me. sages sent abroad last year cost Americans $36,000,000. according to The Business Week. Approximately 90 per cent ol these calls are for business purposes. Western Union claims to handle 44 per cent of the present daily average of Si.ooo trans-Atlantic messages. Other companies handle another 43 per cent. Isaac Silver and Bros. Company, Inc., for May reports gross sales of $715,160 against $560,427 for May, 1929, an increase of $148,741 or 26.2 per cent. For the five ’ months ended May 31, 1939, sales totaled $3,100,290 against $2,553,912. an increase of $546,377 or 21.3 per cent. Directors of The Perfect Circle Company have declared the regular quarterly dividend of 50 cents a share on the common stock, payable July 1. to stockholders of record June 20. Directors of Mock. Judson, Voehringer Company, Inc., have declared the regular quarterly dividend on the preferred stock of $1.75 per share, payable July 1, to stockholders of record June 15. The American Department Stores Corporation, operating seventeen retail department stores throughout the country, reports sales for May, 1930, amounting to $1,000,944, an Increase of $5,292. or 5-10 of 1 per cent, as compared with May, 1929. For the first five months of 1930 total sales amounted to $3,982,771, as compared with $3,996,081 for the corresponding period of 1929, a decrease of 3-10 of 1 per cent.

Dow-Jones Summary

General Water Works end Electric for four months ended April 30, 1930. reports net after expenses $1,244,077 before depreciation taxes, etc., against $1,202,744 In same period a year ego. Twelve months $4,168,585 against $4,054,693. American Brown Boveri Electric declared regular Quarterly dividend of $1.75 on preferred, payable July 1. record June 20. Bank of United States declared regular quarterly dividend of 50 cents, nayable July 1. record June 18. Bankus Corporation passes dividend which was 50 cents in three months and $1 previous thereto. Places units of stock on $2 annual basis against St three months ago and $6 six months ago. Daily average volume of federal reserve bank credit outstanding in. week ended June 11, was $994,000,000 decrease of $41,000,000 from previous week and $294,000,000 below same week of 1929. Bank of Poland reduced its discount rate to 6Vi per cent from 7 per cent. German steel makers have voted reductions for semi-finished iron and steel products ranging from 4 to 7 marks a ton or about 2.7 per cent to 3.3 per cent. International Telephone and Telegraph Corporation and associated companies for first quarter earned 57 cents a share minimum. 5,871.821 shares, against 38 cents a share on equivalent of 5,001,386 present shares In like 1929 quarter. Regular dividend declared. Four mills of America. Inc., declared regular quarterly dividends of $2 on preferred, payable July 1, record June 14. Liverpool cotton market closed today and Saturday. Whitsuntide holidays. Reopen Monday. Mortgage Bond Company declared regular quarterly dividend of $2, payable June 28. record June 20. Copper Exporters, Inc., reduced price of copper to 13 cents a pound from 13.30 cents c. i. f. European base ports. Notice received by stock exchange from Virginia Electric and Power Company authorized 3,500,000 common shares of nopar value and 260,000 shares $8 perferred stock of no-par value. Each present share of 7 per cent preferred stock to be exchanged for 1 1-16 shares of $6 preferred. Each share of $6 preferred to be exchanged for one share of $6 no-par preferred. Each share of common to be exchanged for five shares of new common stock. General refractories notified stock exchange of proposed increase in authorized capital stock to 600,000 shares from 300,000 shares. m Electric Power and Light stockholders to vote at special meeting June 24, on proposal to increase authorized number of shares to 7,020,000 from 4,020,000. New authorized amount to comprise 800,000 shares of $7 preferred, 1,000,000 shares $6 preferred 1,000,000 shares $5 preferred. 120,000 shares second preferred, 1,000,000 shares preferred, 120,000 shares second preferred stock series A, 100,000 shares second preferred series AA and 4,000,000 shares of common. O. P. Van Sweringen elected director and chairman of board of various subsidiary lines of Missouri Pacific system. Merck & Cos. elects Walter E. Sachs of Goldman Sacs & Cos., a director, in place of Waddill Catchings resigned. Craman & Cos. and subsidiaries quarter ended March 31. net profit $68,564 after charges and taxes against $94,101 in first Quarter of 1929. Production of pneumatic casings in United States in April 6,024.045 against 5,187.870 month ago and 7.883,805 in April, 1929. according to Rubber Manufacturers’ Association. Shipments in April 5.429.096 against 5,031.820 in March and 7,294,372 in April. 1929. Inventory at end of April 13.948.277 against 13,408,970 previous month and 16,929,077 same time last year. Purchase of German reparation bonds by National banks. Federal Reserve banks and member banks of reserve system would be prohibited under a joint resolution introduced in the house by Chairman McFadden of banking and currency committee. Canadian National Railways guaranteed gold bonds, twenty-five years, 454 per cent, amonntlng to $50,000,000 have been sold to a syndicate headed by Chase Securities Corporation, New York. London New York cables opened at 4.857* against 4.85 27-32, Paris cheeks 123.81, Amsterdam 12.082, Italy 92.775, Berlin 20.362. North American Car Corporation declared regular quarterly dividends of 62Vi cents on common and $1.50 on preferred, both payable July 1. record June 22. Brokers’ loans decrease 3103,800,000 in week to 33.998.060,000. Federal reserve system ratio at 83 per cent against 82.2 per cent week ago and 75.2 per cent year ago. New York ratio 85.7 per cent against 81.8 per cent and 80.3 per cent respectively. No announcement on rediscount rate which remains at 3 per cent. McKesson & Robbins Incorporated granted an order in district court of Connecticut canceling trade marks on words “milk of magnesia” and "Leche De Magnesia” claimed by Charles H- Phillips Chemical Company, a substditty of Drug Incorporated. Suit is first' to be brought

PORKERS RANGE SLIGHTLY DOWN AT CITYYARDS Cattle Unchanged at Week's Severe Decline; Hold Steady. June Bulk Top Receipts 6. $10.35® 10.45 $10.50 7.000 7. 10.354i10.45 10.50 3.000 9. 10.45tU0.55 10.55 5.000 10 10 25 10.2.4 8.000 11. 10.20 10 25 6.000 12. 10.35 10.40 5.000 13. 10.30ti10.35 10.35 6,500 A weaker tendency swayed prices in hogs at the city stockyards this morning, the trend ranging from steady to 5 cents lower. The bulk, 160 to 300 pounds, sold for $10.30 to $10.35, $10.35 representing the top figure. Receipts ware estimated at 6,500, holdovers were 289. Cattle were steady at the week’s severe decline, receipts were 500. Veals held unchanged with good and choice lightweights selling at $10.50 to sll. Calves receipts were 700. Sheep were strong, receipts numbering 600. Better grade lambs brought sll to $11.50. Chicago hog receipts were 11,000, including 3,500 direct. Holdovers were 6,000. Today’s market was 10 to 15 cents higher than Thursday’s average. Choice 150 to 240-pound weights went at $10.15 to $10.25; 300 pounders $10; packing sows, $9.25 to $9.40. Cattle receipts were 1,500; sheep, 5,000. —Hogs— Receipts. 6,500; market, lower. Heavies, 800 lbs. up * [email protected] 250-300 lbs 10.30® 10.35 Med. wts.. 225-250 lbs Light wts.. 160-200 lbs Packing sows 8.25® 9.25 - I Cuttle-—*• Receipts, 600; market, steady. Beef steers. 1.100-1.500 lbs. - n , TI , , good and hcolce inln Common and medium 7.50® 10.50 Beef steers. 1.100 lbs. down. ~ good and choice I S'nnin'!s Cmmon and medium 7.00® 10.25 He ind s -cho s i o c ; lbS :. . d ° Wn -. *°? .. 9.50® 10.50 Comomn and medium Cows, good and choice Hn® 7 24 Comon and medium 7,25 Lower cutter and cutter 4.00® 5.50 Sto a C nd r chofc e feeder 8.75®10.00 Common and* medium 6.50® 8.75 —Vealers — Receipts. 700; market, steady. Medium and choice $ B.oo® 11.00 Cull and common 4.50® B.ou —Sheep— Receipts. 600; market, steady. Lambs, good and choice Common and medium T90W10.00 Ewes, medium to choice Cull and common l.oo® s.ou Other Livestock Bu United Press CHICAGO, June 13-—Hogs—Receipts, 11 000, including 3,500 direct; mostly 10® 20c higher than Thursday’s average; a shippers and smal packers market; hogs mostly sold; top, $10.30 paid for several loads 170-210 lb. weights: butchers, medium to choice, 250-3ao 200-250 lbs., $9.90®10.30; 160-200 los., $9.90 @10.30; 130-160 lbs., [email protected]; packing sows, $8.90(1/9.60; pigs, medium to choice, 80-130 lbs., s9® 10. Cattle— Receipts. 1,500, calves, 1,000; market, slow, steady with week's ueven and sharp downturn; most fed steers today slo® 10.75; no strictly choice offerings here; slaughter classes, steers, good and choice, 1.300-1,600 lbs., $11.25® 13.25; 1,100-1,300 lbs. $10.75® 13: 950-1,100 lbs., $10.50® 13; common and medium, 850 lbs. up [email protected]; fed yearlings, good and choice, 750-950 lbs., $0,504/ 12.75; heifers, good and choice. 850 ibs. down, [email protected]; common and medium, $6.50r 9.50; cows good and choice, [email protected]; common and medium, $5.25® 7.25; (ow cutter and cutter, [email protected]; bulls, good and choice beef, $7.40®9; cutter to medium, [email protected]; vealers, cull and common, s7@9; stockers and feeders, steers, good and choice, all weights, $9.75 @10.75; common and medium, $7.250.9.25. Sheep—Receipts 5,000; market, strong to 25c higher; sorted natives, sl2; few $11.50 down; fiinished 95 lb. yearlings. $10; fat ewes, mostly $303.25, a few $3.50. Lambs, good and choice, 92 lbs. down. $11.50® 12.35; medium, [email protected]; cull and common, s7®9; ewes, medium to choice, 150 lbs down, [email protected]; cull and common, $1 @2.75. Bu United Press CLEVELAND, June 13.—Hogs—Receipts, 1,100; holdovers, none; pigs, 15c higher; 150-210 lbs., $10.65® 10.75; 220-250 lbs., $10.55; 250-300 lbs., $10.40; pigs, $10.20. Cattle—Receipts, 150; outlet for numerous loads low grade steers in holdover supply, extremely narrow; few, s6® 7; cov/s about steady; low cutters, downward to $* and under; calves, receipts, 350; vlears, 50c lower; weighty grass calves, very dull, off form; most vealers. $11.50 down; few, sl2; medium, $10.50 down. Sheep—-re-ceipts, ,500; little on sale; few lambs quoted steady; quality considered. Bii United Press PITTSBURGH, June 13.—Hogs—Receipts, 1,500; market, uneven, strong to 10c higher; pigs. 25c lower; 150-210 lbs., $10.70® 10.75; 220-250 lbs., $10.50® 10.65; 100-140 lbs., $10010.25: sows. [email protected]. Cattle —Receipts, 25; market, unchanged; calves receipts, 100; market slow, steady; top vealers, $11.50. Sheep—Receipts, 250; maiket weak to 50c lower; bulk lambs, slo®j 11; sorted kinds, quoted, $11.50; yearlings, $708.50; aged wethers, s4@s. Bn United Press EAST BUFFALO, Jtne 13.—Hogs—Receipts, 2,00; holdovers, 700; steady, on 150 lbs. up; light lights and pigs, strong to 25c higher; desirable, 160-250 lbs., mostly $10.75; 260-300 lbs., $10.50010.65; 120-150 lbs., $10.60010.75; pigs, mostly $10.50; cows, steady at mostly $909.50. CattleReceipts, 300; slow, weak to mostly 25c lower, some cows of more; a few common and medium yearlings, $9.75: best cows, $6.5007.50; cutter grades. $3.50 06; calves, receipts, 750; steady; ijood to choice vealers, $i1.50012; medium and plainer grades, $8.500 10.50. Sheep—Receipts, 1,200; good to choice handy weight lambs and yearlings, steady: plainer grades and ewes, unevenly lower; better grades handyweight lambs. sl2® 12.50; good yearlings, $10; most ewes, $4 down. Bu United Press EAST ST. LOUIS. Hi.. June 13.—Hogs— Receipts, 10,000; market strong to 5c higher; later trade slow; bulk 160-250 lbs.. [email protected]; top. $10.30; most sows, [email protected]. cattle—Receipts, 800. Calves—Receipts. 600; market, trading on cleanup basis at around steady prices: vealers, $10.50; not enough other classes to warrant quoting. Sheep—Receipts. 1.000; market, steady; bulk, better lambs, $11; medium grades, s9® 10: clipped ewes, $4 down. Bu United Press FT. WAYNE. Ind., June 13.—Cattle—Receipts. 125; calves, 100; hogs. 600; sheep. 250. Hog market. 10c lower; 90-110 lbs., $9.15; 110-130 lbs.. $9.40: 130-150 lbs.. $9.65; 150-160 lbs., $9.80: 160-180 lbs.. $10; 180200 lbs.. $10.10: 220-225 lbs.. $10: 225-275 lbs.. $9.90: 275-300 lbs., $9.75; roughs, $8.25; stars. $6; calves. $10.50; spring lambs, *10; yearling lambs, $7.50. Bu United Press CINCINNATI. June 13.—Hogs—Receipts. 39.655; including 765 direct: heldover, 140; good and choice butchers, 170-250 Ibs., *10.35® 10.60 around 10 cents higher: heavy butchers. 260-300 lbs. slow. [email protected]: light lights and pigs. 120-160 lbs., mostly *10; bulk sows. [email protected]. Cattle—Receipts. 275; calves. 350: semi-demoralized; sales at week's full *1 decline on al classes except good drv fed steers and yearlings which were 50c or more off: few grass cattle, s7® 8; medium to good fed yearlings, *10.35: beef cows. $5@650: few. *7: low cutters and cutters mostly *[email protected]; bulls. $5.50i?/7: vealers. 50 cents lower: bulk better grades. *9.50@10; undergrades, s7@9. Sheep-Receipts. 1.800: steady; undertone weak, tatter grade lambs. *10011; choice scarce; undergrades. $7(88.50; best handy weight ewes. *304; common ewes and aged bucks down to sl.

JamesT.Hamill & Company BROKERS Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bldg. Tei- mu am—niter

New York Stocks

—June 13— _ Railroads— Prev. High. Low. 11:30. close. Atchison 218 218 Atl Coast Line J6O Halt St Ohio ...108 107% 107% 107 Chesa & Ohio ..182 181 181 i82% Chesa Corp 63 Chi Grt West ... .. ... 11% 12% Chi N West 75 <6% e R I 4 P ... 106 Del L & W 117 115% 117 115% Del & Hudson • ... 1*4% Erie 39% 39 39 39% Erie Ist pfd 61% 63', Great Northern 86% Gulf Mob & Oil. 35 34% 34% 35 Kan City So 69% Lou & Nash ...... ... ... 126 MK & T 43% 42% 42% 43 Mo Pacific <2% Mo Pacific pfd 126 N Y Central ....167% 165 165 16,% Nickel Plate JOB , 108% NY NH * H 107% 108% Nor Pacific .... 77 76% 76% 76 Norfolk & West 230 o & 11% Pennsylvania ... 75 74% 75 74:* Reading 11l 111% So Pacific 116% 115% 116 117 Southern Ry ...107% 106% 10?% 107 St Paul 16 15% 10% 16 St Paul pfd .... 25% 25% 25% 25% St L & S F 103 Union Pacific 220 Wabash 40 39% W Maryland 24% Equipments— Am Car Iz Fdy , ... 53% Am Locomotive. 54 53% 53% 56% Am Steel Fd 40% Am Air Brake S 44 Gen Am Tank.. 98% 67 97% 100% General Elec ... 74% 72% 73% 73 Gen Ry Signal 85 85 % Lima f.oco 27% Man El Sup 11% N Y Air Brake 40% Press Stl Car < Pullman 69% 68% 68% 70 Westingh Ar B 4040% Westingh E1ec..155 151% 152 151% Rubbers— Firestone 21% 21% 21% 21% Fisk 32% 33 Goodrich 34% 33% 33% 34% Goodyear 75% 72% 73% 73V* Kelly Sprgfld .. 4% 4% 4% 4% Lee Rubber 6 U S Rubber .... 24’/* 24% 24% 25 Motors— Auburn 124'% 121% 121% 127 Chrysler 31 Gardner 3% Graham Paige TVs 7% General Motors. 45% 44% 45 44% Huoson 36 35% 36 33 Hupp 16% 16% Meek 65% 62% 62% 65% Marmon 13 12% 12% 13% Naoh 37% Packard 15 11% 14% ... Pierce-Arrow 25 Reo 9% 9 9 9% Studebaker 31% 30% 30% 31 Yellow Truck ... 24% 23% 24% 24% Motor Access— Am Bosch ... 33% 33% Bendix Aviation. 35 34% 35 35 Borg Warner 34% Briggs 18% 18% 18% 18% Eaton 26 25 25 26% El Storage B 69% Hayes Body .... 7% 7 7 7% Houda 15 14% 11% 14% Motor Wheel 21 24% Sparks-W 21% 20% 20% 21% Stewart Varner 26% 26% Timkin Roll .... 65 64% 64% 66% Mining— Am Metals 37 37 Am Smelt 67% 67 67 66% Am Zinc 9 8% 8% 9 Anaconda Cop. 54% 53% 53% 55 Cal & Hecla ... 16% 16% 16% 16% Cal & Arlz 62% 61 61 Cerro de Pasco 50 49% 49% 50 Freeport Texas.. 45% 44% 44% 45%, Granby Corp 29 29 Great Nor Ore.. 31% 31'% 31% 20% Howe Sound 31% Int Nickel .... 26% 26 26% 26'% Inspiration 17% Kennecott Cop. 43% 42% 42% 43% Magma Cop 34% Miami Copper 19 % Nev Cons 17% 17% 17% 18% Texas Gul Sul.. 56 55% 55% 54% U S Smelt 21% Oils— Amerada 26'% 26% 26'/, 26% Am Republic ... ... 20 Atl Refining ... 38% 37% 37% 311% Barnsdall 24% 23% 23 % 23% Beacon 93% 90% 92% ... Houston ... 91% Ind Oil 23% 23% 23% 23 Indian Refining. 13% 13% 13V 4 13% Lago Oil 23 23 Mex Sbd 24 23% 23% 23% Mid Conti 26% 26 26 26 Pan-Amer <B>.. 571% 57 57% 57 Phillips 32% 32% 32% 33% Pr Oil <fc Gas ... 40% 40% 40% 40% Pure Oil 22% Richfield 19 18% 18% 194* Royal Dutch 51% 50% Shell Un 20 Vs 20 20 20% Simms Pt 21% 21% 21% 22 Sinclair 23 25% Skelty 32*% 31% 31% 32% Stand of Cavl 64% 64% Stand of N J ... 71% 70% 70% 71 Stand of N Y 33% Texas Cos 53Vi 53% 53% 53% Union Oil 42% 42! 42% . 42% Steel*— Am Roll Mills 65 Bethlehem 87% 87% 87% 88 Byers AM 84 83 84 83% Colo Fuel 58 57% 58 53 Cruc Steel 74% Ludlum 29% 29% Midland 31V* 33 Newton 36 35 35 34% Repub I & S 51 51% U S Steel 164% 162% 164% 163 Vanadium 94Vi 91% 92% 92% Youngs S & W 37% Tobacco*— Am Sumatra 12% Am Tobacco (A) .. 240 Am Tob (B) 245 246% Con Cigars 41 ... General Cigar 49% ... Lig & Myers 8.. 97 96 96 95% Lorillard 21 20% 21 20% Phil Morris ll n Reynolds Tob .. 50% 50% 50% 50% Tob Pr A 10'4 Tob Pr B 4% United Cig 7% 7% Utilities— Abitibi 29 Adams Exp 27% 28% 26% 27% Am For Pwr 74% 71% 74 73% Am Pwr & Li 93'% A TANARUS& T 215% 214% 215 216 Col Gas & El 74 Com & Sou 15% 15% 15% 15% El Pwr &Li 80 77% 78 79% Gen Gas A..,.,. 11% 10% 10% 11% Inti TANARUS& T 54 52% 52% 54 Natl Pwr & Li... 42% 41% 41% 41% No Amer Cos 111% 109 111% 111 Pac Gas & E 1... 63% 63% 63% 63% Pub Ser N J... 103% 101% 101% 104% So Cal Edison.. 61% 61% 61% 61% Std G & E1....107% 106% 107% 104 United Corp.... 38 37% 37% 37% Ut Pwr & L A.. 36 35% 35% 36 West Union 167% i.'O’i Shipping— Am Inti Corp.. 37% 37 37% 38% Inti Mer M pfd 23 23 No Gm Lloyd 52% ... United Fruit 89 88% 88% 88% Foods— Am Sug... 58% 58% 58% 58% Armour A..... 5% 5% Beechnut Pkg ... 52 Cal Pkg..... 67 Can Dry 63'% Childs Cos 63 Coca Cola 177% 177V* Cont Baking (A) 24% Corn Prod 100% 98- 98 100% Cudahy Pkg 14 Cuban Am Sugar 6% 6% Gen Foods ... ... 55% Grand Union 13% 14 Hershev 96 99% Jewel Tea 51 50 50 51% Kroger 28% 27% 27% 28% Nat Biscuit .... 85% 84% 84% 84'% Pillsbury 30 30 Safeway St 90% Std Brands 20% 20% 20% 20% Ward Bkg 8% Prurs — Cotv Inc 19 Vz 18 IBV2 16% Lambert Cos 87 85 87 87 Lehn & Fink. 26

Week-End Excursion Rates Every Saturday and Sunday • Very Attractive Rates *— Leave Your Car at Home The Electric Railways WILL SAVE YOU MONEY, TIME AND TROUBLE T.H.I.&E. Traction Cos.

(Bv Thomson & McKinnoni '

Industrial*— Am Radiator .. 28% 27% 27% 28% Bush Term 30 % ... Certainteed ... ... 8 Gen Asphalt 50*$ 51 % Lehigh Port .... 33 32% 32% ... Otis Hev 87% 67 67% 68 Indus Chems— Allied Chem 288% 285 285 289 Com Solv 26% 25% 25% 25% Union Carb 78% 75% 76% 76% U S Ind Alco 77% Retail Store*— Assoc Dry Gds 38\ 38 33 37'$ G,mbel Bros 14% 14% 14% 13% Kresge S S 29% 29', 29% 29% May D Store ... 49 48'a 49 48% Mont Ward 40% 39% 40% 41% Penny J C 61 % Schulte Ret 6t. 8% 8 6 8 Sears Roe 76% 75% 76% 77 Woolworth 56% 57% 57% 59% Amusements— Bruns Balke ... ... 16 Col Graph .... 21% 20% 20% 20% Croslev Radio... 13% 12% 12% 13% Eastman Kod ..220% 218 218% 219% Fcx Film A 44% 42% 43% 44’, Grigsby Gru ... 22 20% 21% 21% Loews Inc 74% 71 73 74% Param Fam .... 62% 61 % 62% 63-a Radio Corp 42% 40=, 41% 41 R-K-O 32 31% 31% 31% Schubert 18 18% Warner Bros ... 50% 48% 49% 49-, Miscellaneous— Airway App .... 25% 25 25 23% City Ice & Fu 41% Congoleum 12% 12% 13% 13 Am Can 134 131% 133 132 Cont Can 58% 57% 57% 56' Curtiss Wr 8 7% 7% 7% GlUett- S R .... 78% 76% 77% ' Real Silk 45% U S Leather A 18 In the Air Weather conditions in the air at 9 a. m.: Southwest wind, 10 miles an hour; barometric pressure, 30.06 at sea level; temperature, 77; ceiling unlimited; visibility, 10 miles; field, good. Flies Ten Million Miles Bu Scrivns-TJoieard Xetrspaner Alliance WASHINGTON, June 13.—Ten million miles of flight with air mail, express and passengers was completed this week by the Boeing System, which operates between Chicago and San Francisco, and between Seattle and Los Angeles. This is the first American company to reach its ten millionth mile of flying. Its operating reports just have been received by the commerce department in Washington. During the three years in which this great total was being built up, Boeing’s planes carried 176,000.000 letters, 13,800 passengers and tons of express. Air Rates to Go Up An advance from 5 to 7 cents in fares on the Transcontinental Air Transport lines will be effective Sunday, according to press wire reports received here today. A large increase in passenger service over the lines is evfdent from a report issued today. The lines carried more passengers during May than in any other month since they have been in operation. Eighteen planes of the line carried 5,474 passengers a distance of 244,286 miles for May, while during April, 5,164 passengers were carried 243,443 miles. Record Not Secure Bu United Press WASHINGTON, June 13.—The 43,166-foot altitude record which Lieutenant Apollo Soucek achieved here last week in his little Wright Apache plane will stand only a short time against the assaults of science and courage, the flier himself believes. He made this prediction in a radio address Thursday night. CHURCHMAN ASKS AID Conductor of Church Says Phone Calls Threaten Fire. When a feminine voice over a telephone several weeks ago threatened to burn his church, Joseph P. Robertson, conductor of Bethel Spiritual church, 1331 Spruce street, gave the threat scant attention, but after the anonymous calls were repeated many times. Robertson today appealed to police to aid in tracing them. Other Livestock Bn Times Special LOUISVILLE. Ky„ June 13.—Hoes—Receipts. 500; market, 10c higher; 250 lbs. up. $9.70: 165-250 lbs., $10.30; 130-165 lbs., $9.50; 130 lbs. down. $7.50: roughs. $6.95; stags. $6.35. Cattle—Receipts. 100; market, dull: prime heavy steers. SlOiffll; heavy shipping steers, $8.50®10: medium and plain stesrs. [email protected]: fat heifers. s7® 10.25; good to choice cows. s6@7; merium to good cows. *4.50(0’6: cutters, $4(, /.SO; canners. $33.50; bulls, ss@7; feeder? s7.io 9.50; stockers, [email protected]. Calve —Receipts, 300; market, steady; tops. $8.50@9; good to choice. [email protected]: medium to goods. [email protected]: outs. $4.50 down. Sheep —Receipts, 1.200; market, steady: ewes and wether lambs. $11; buck lambs. $10: seconds. $6.50@7: clipped sheep, [email protected]. Thursday’s shipments—Cattle, 58; calves, none: hogs. 141: sheep. 2.924.

Commonwealth Loan Cos. N f jjj"

Cities Service Securities HENRY L. DOHERTY & CO. 1607 Merchants Bank Bldg. Phone LI. 7566-7567

PAGE 25

GANG RULE IN CHICAGO HEARS DOOM EDICT Public’s Indignation Rises to Fever Pitch Over Reporter Slaying. Bu United Press CHICAGO. June 13.—Public indignation over the fact that a gangster could murder a newspaper reporter in daylight amid the bustle of a modern city and vanish without trace rolled to new heights today. Seven powerful newspapers pooled their, powers of publicity; ministers exhorted 2,000,000 church members to action and industry and commerce pledged its millions to rid Chicago, once and for all, of the underworld forces that make such a murder possible. Since St. Valentine’s day in 1929 Chicago has witnessed more than 100 gang murders, but not until Alfred J. Lingle, reporter of gangland for the Tribue, was assassinated did public opinion harden so rapidly as it has this week under the editorial lash. Shortly after the murdered reporter was buried Thursday with the solemn pagantry of religion and the more colorful trapping of the military, there appeared in four afternoon newspapers a ’’Declaration of War” on gangland. Today three morning newspapers bore the same announcement. Couched in blunt and forceful language, the brief “war declaration” that “civic decency and security of life and property must be restored to Chicago’’ was signed by the publishers of the Evening American, the Daily News, the Evening Post, the Daily Illustrated Times, the Herald and Examiner, the Journal of Commerce and the Tribune. The announcement left no doubt in the minds of readers that the power of the Chicago press definitely was arrayed against gangdom. “The intolerable outrages of the last year against civic decency and public security in Chicago have culminated dramatically in the murder of Alfred J. Lingle, a newspaper reporter,” the declaration read. “The undersigned newspapers interpret that murder as an especially significant challenge to the millions of decent citizens who have suffered the vicious activities ... of some paltry hundreds of criminal vagrants known as gangsters. “Considering the causes and connotations of the unbelievable total of 100 gang murders in little more than a year, we pledge our organizations and our resources to the cleanup of gang, police, official and other public viciousness wherever it may appear, in order that corruption may be brought to an end, and thereby restoring to the citizens of Chicago civic decency and security of life and property.” Working behind the scenes, with little notice as possible, the “secret six.” made up of mysterious civic leaders, were investigating the ramifications of gangland for clews of the well-dressed, left-handed gunman who murdered Lingle. The “secret six” is backed by the resources of the Association of Commerce, which numbers in its membership virtually every millionaire business man in Chicago. Progress of the police, with their sharpshooter squadrons, was kept under cover in the hopes that they could pounce on the murderer unawares and get a confession before chancing advance publicity. TWO INJURED IN CRASH Ex-Prosecutor and Companion Hurt When Car Hits Pole. Bu United Press ANDERSON, Ind., June 13.—Wesley W. Ratliff, former Henry county prosecutor, and an unknown man were injured seriously when their automobile ran into a telephone pole on the Indianapolis-Anderson pike. The other man is expected to die. Ratliff recently resigned from his prosecutorship after several days absence from his office. He claimed he had been abducted and held by bandits.