Indianapolis Times, Volume 42, Number 31, Indianapolis, Marion County, 16 June 1930 — Page 12

PAGE 12

GRAIN MARKET AT LOW POINT FORTHE CROP Little Attention Paid to News as Bears Sell Futures. By Unit'd Press CHICAGO, June 16 —Setting successive new low figures for the crop, wheat closed sharply lower on the Board of Trade today under continuous bear pressure. Buying was perisistent, partly short covering and profit-taking, but it failed to cause more than small advances which were usually followed by a new low figure. Little attention was paid to any news of the crop but the weak New York stock market had a slight effect. Com was off with wheat, but at times July held a premium over September. Oats followed the other grains. At the close wheat was 2% to 3H cents lower, com was 2 to 2% cents lower and oats was % to % cents lower. Provisions were about steady to around 35 points lower. Declining further in the late trading, Liverpool closed 23* to 3!* cents lower. Buenos Atres continued to show a weak tone with other world market. No export business was reported, though considerable was put through Saturday, Cash prices were 1 cent lower. Receipts 22 cars. Liquidation of July com dropped that month around 1% cents early with the deferred deliveries omy fractionally lower, but this pit was not as bearish as was wheat and prices were fairly steady in the major fractions during the morning. There was no disposition to support the market under the prevailing conditions. lowa received more rain and many low fields are reported flooded. Receipts were fairly large over the week-end. Cash prices were *4 cent lower. Receipts 214 cars. Trading in oats was light and prices were off in sympathy with the other pits, but held fairly steady recovering at mid-morning to about the previous close. Cash prices were % to 1 cent lower. Receipts were 39 cars. Chicago Grain Table —June 16— WHEAT — Prev. Open. Hush. Low. Close. Close. July.. .97' 2 .98% .95% .96% ?9% Sept 1 00 7 * 1.01% 98 98% 1.01 s .* Dec. 1.05 1.05% 1.02'< 1.02 s * 1.06V* 86‘ s .74', 74% sept... .75*8 .76% .74 74V* .<6 % Dec... .70 V* .70 s * .68% -68% .71% JU ? y .36' a .35 7 2 35' j .36% Sept . .36% .37V, .36H .36% -87 Dec 40.40% .39 s * .39% .40V* Jub' YE r.48 s /s .50% 48% .49 .50% Sept .. .53'* 55'* . j3V* 03% .55% Dec... .61 .61 .58 s . .59% .61% 9.70 9.30 9.32 9.65 Sept.. 9.70 9.80 042 0.42 9.80 Oct 9.45 9.80 Lee’.’. 950 9.52 9.30 9.30 9.50 BELLIES— Julv- 14.35 14.35 Sept. ..... 13-80 13.85 B" United Press , , TOLEDO. 0.. June 16.—Gram close: Wheat—No. 2 red. 99%c@ $1,006. CornNo. 3 vellow. 79%®80%c. Oats—No. 2 white. 42@ 44c. Rve—No. 2,75 c. Bailey— No. 2. 60c. Clover—Domestic cash. new. $11.90; prime choice. $12.10; Octooer. *12.60; December. $12.80. Alsike—Cash. $11; October. *ll. Butter- Fancy creamery. 37 nr 38c, Eggs—Country run. 20@22c. Hay— Timothy. $1.25 cwt.

New York Bank Stocks

—June 14— Bid. Ask. America 113 I J® Band of United States 53% 54 Bankers 145 146% Brooklyn Trust --740 7a5 Central Hanover 369 372 Chase National 148 149 Chatham Phoenix Natl 124 125 Chemical 61 66 City National 168 169 Corn Exchange 139 192 Commercial 435 490 Continental 31% 33 Empire 84 88 First National 5325 5425 Guaranty 6?7 702 Irving 33% 54V, Manhattan & Cos 119’* 120% Manufacturers 112 1-5 New York Trust 160 16a Public 113 IMVi Chelsea 44 47

Average Stock Prices

Average of thirty industrials for Saturday was 244.25. off 5.44. Average of twenty rails was 134.46. oft .84. Average of twenty utilities was 88.91. oft 2.93. Average of forty bonds was 95.38, up 9.08. Births Bovs Paul and Edna Longest. 862 North Botart. David and Dorothy Thomas. 2158 North Harding. „„ _ Sam and Angelina Rene. 633 Stevens. Alva and Edna Gray, 1067 West McC *Mtnuel and Ida Beauvois. Coleman hospital. Robert and Alice Infalls. Coleman hospital. Earl and Alice Shores, city hospital. La Mar and Grace Peterson, city hosCharles and Alma Wall, city hospital. Robert and Pearl Worth, city hospital. Girls Edmond and Lucille Abel. 1065 Oliver. Samuel and Louisa Holley. 657 Birth. Jollie and Mabel Guthrie. Coleman hospital. Josh and Linda Tavlor. 2415 Stuart. Ellis and Elnora McKissick. city hospital. Prank and Louise Johnson, city hospital. Edward and Cora Bailey, city hospital. Arthur and Lula Edlev. city hospital. Deaths Charles Goldman. 37. 521 Sanders, aortic insufficiency. Henry K. Senev. 49. Central Indiana hospital. brain tumor. Chester H. Real. 62. city hospital, chronic nephritis. Marv Louise Maxwell. 4 mo.. 914 East Piftv-nlnth. spina bifida. Hannah Bell. 59. Central Indiana hospital. eastro enteritis. Bessie McCloud. 22, Coleman hospital, pulmonary aedema. Louella Themes. 65. Methodist hbspital, acute myocarditis. William Henry Jerden. 64. city hospital, accidental. James Maxev. 65. city hospital, cerebral hemorrhage. Sanford Wills, 75. 309 West Twelfth, apoplexy. Bridget Neilan. 65. 2425 North New Jersey, hypostatic pneumonia. William Landers. 60. St. Vincent's hospital. chronic myocarditis. Emma Mullins. 78. 119 East Nineteenth, mvocardttis. Oscar Cleveland Gore. 45. Christian hospital. general peritonitis. Toliver Perry. 92. 406 Grace, cerebral hemorrhage. Hannah Day. 84. 117 North DeQumcv. acute dilatation of heart. Marv Adaline Denny. 80. 26 North Grant, chronic bronchitis. < „„„ „ .. Prank Henry Davis. 4 mo.. 608 North Senate. broncho pneumonia.

The Insurance Question Box

Address All Question* to Inoursnce Editor, Indianapolis Times. Question— Why is it wise to csrry tornado Insurance? Answer—Because Indianapolis lies in a region visited occasionally by violent atmospheric disturbances which cause much damage not covered by Are insurance. Rates for this protection are low enough to make It practicable for property owners to use it to advantage. Question —Is accident insurance desirable? Answer—The growing volume of serious accidents, especially those due to use ol automobiles, makes some form of accident Insurance highly desirable. Last year $7,604 persona died of accidents, of which 31.0 M were due to automobiles.

New York Stocks ■ 1 1 —" -Bv Thomson & McKinnon)

—June 16— Railroads— *yev. HI eh Dow. 11:30 cloae. ! Atchison *14% 113 313% * ls At! Coas* Line JW 1 * Chmf £ h Oblo::i7% 178 U 171% 178% Sf&rt'Seit" 80 T* U*. Cht N West. .. 74>, 74% Ms i6i Del L* W .7.7.116% iis 115,, nBVs Del k Hudson 163** 162% 162% ji, Erie 38% 38% 38% -r ? Orest Northern.. Gulf Mob * 011 35 34% 34 . Illinois Central .121 130 131 m * Ken Cltv So 133 Lou & Nash.... . --i 4 IMK Sc T 43 42 42% 4„ 4 J?°T P I*3 i 1®3 1 * |65 Act Pacific <5% 75 75 * "orfoik & West *;* '' i O £5 W... 73 74 Prn*ViVanla .. 73 .-a m •• -, < 11- A 114 US So Pacific 11,? 107 routhern By . . . m* 18% ;;;; 28 ** 25 ‘ im * 134% Un'on Pacific .. 318% 315% 315% . D d-::: :: * Equipment*— M 53 Am Car & Mr. ■■ . 4* Am Steel Fd .• 40 29 ” JJvi Am Air Brake 8 - 57 Oen Am Tank .. 97 93 9* General Elec .... 72 71% 71, ™ * Oen Rv Btßnal n 4 |g Lima Loco ii% 10 Man El Sup l i s ? 7% Press Stl 6ar... 8 7. U '• Pullman ...... 67% 67 Jo 40 Westlngh Ar 8.. - .Igs/. 151 3/ Westtr.gh Elec . 150 148 148 .8 Rubber*— ~ pirestone 22 21 si "i's Goodrich *11111*" 31% 30% 32 B,* 71?; Goodyear 70 68% 68* ■'. U^s'Rubter^." •■ 24 23% 23% 24% A*ur°n r *“ 128% 122% 122% 125 Chrysler 30 s * 28 * 30 31 Graham Pa.ge .. 7 .]■,* General Motors. 44% 44 44% 44 a Hudson 35% 35% 35% hupp L2 V Mack 60% 51% 60 61 * Marmon 14 13 13/ 13* N*sh 36% 35% 25 * 36 * Packard 15 14 * 14 * 15 Pierce Arrow ... 24% 24 24 . ifudebaker 29% 27% 27% 29% Yellow Truck . 25V* 24 s * 25% Z 5 * Motor Acce** — ~,, Bendix Aviation. 34'/a 34 34 3o * Borg Warner .. 34 33 33 34 BrießS 18% 18% 1? 8 18,2 Campbell Wy ... .. 21 •••,, Eaton 26 V* 25 * 26 2 El Storaße B 69 Haves Body ‘ Sparks W . ... 21% 20', 20Vg 21 Stewart Warner. 26 25% 25% -6,2 Timkin Roll ... 64% 63% 63/2 64 * Am Metals .... 35V2 35 35 33 Am Smelt 65'% 64% 64% 85.a Am Zinc BV/ 8_ 8 8% Anaconda Cop .. 51‘/ 50% 51V, pl. Cal & Hecla 16 16 s , Cal & AriZ 56 55% 55% 56 4 Cerro de Pasco.. 48 47% 48 48 2 Freeport Texas.. 44% Granby Corp 28% Great Nor Ore •••,, 20 s * Howe Sound 28% 28% 23% 29 Int Nickel 25% 24% 24% 25% Inspiration if** 15;* Kennecott Cop.. 41% 4l'/a 41 Vi 41* Manma Con ... 33 33 * Miami Copper... 18% 18 18 13j* Nev Cons 17% 17 17 17 s * Texas GIII Sul... 54% 53 U S Smelt 21V* 21*s 21% 21% Amerada 26% 26 26 26% Am Republic ... 20'/* 19V* 19 s 4 20 ? Atl Refining 38% 39 38 39% Barnsdall 23% 22% 22% j.4V, Beacon •• ••• IOV2 Houston 89% 85% 88% 90V* Ind Oil 23% 22 s * 22% 23 Indian Refining. 15% 12% 13 14 Mex Sbd 22'* 21V* 22 23 Mid Conti 25 s * 55% 25% 25% Pan-Amer (B).. 57'/, 57 57 57% Phillips 32 V* 32% 32% 32% Pr Oil & Gas... 40% 40V* 40% 40% Pure OH 21% 21% 21% 22 Richfield If 19 Roval Dutch ... 53% 51 53% 51 Vi Shell Un 20 20 Simms Pt 21% 21Vi 21% 22% Sinclair 25 24'* 24% 25 a Skelly 32% 31% 31 s * 32% Stand of Call ..63 62 62 63% Stand of N J 69% 68% 69 70% Stand of N Y .. 32% 32% 32% 32% Texas Cos 52 V* 53% Union Oil 42 42% Steels— ~ Am Roll Mills 63% 64% Bethlehem 87% 87v 87% 87% Bvers A M 84 82% 82V, 82% Colo Fuel 56% Cruc Steel 75 V* 75 75 Inland ... 79 ... Ludlum 29% 29% 29'/a 30 Midland 30V* 30 30 ... Newton 35 3o Repub I& S 49% 49'4 42% 50% US Steel 132 s , 161 lJfs 162% Vanadium 86 84 s * 84% 88% Youngst S& W. 36V* 36 36 Youngst S & T 120% Tobaccos — Am Tobacco (A) .. ... 240 Am Tob (Bi 242'* 241% 242% 243 Con Cigars 4040% General Cigar.. ... 48% ... LiR A; Mvers 8.. 94% 9SVa #3% 96V Lorillard 20% ... Phli Morris f -r Revnolds Tob 51 51 Tob Pr B 4Vs 4% United Cig '■* Utilities— „ a Adams Exp 26% 26% 26* 27% Am For Fwr .... Am Pwr fz LI .. 90P9 3 4 90 AT* T . ....214% 213% 213 V, 215% Col G*E.. 71 69% ff 8 '2% Com * Sou .... 15% 15V* 15V4 jo% El P * LI .... 76% 76 75 ./* Gen Gas A .... U, 10% 10% 11 Inti TANARUS& T .... 48 s , 47 , 47% 48% Natl P & Li . . 41 <OVa 41 42 Vi N? Amer O ..'.IOS IJ>7% 107% 108 Pac G & EL.. 60 58% 58% 61% Pub Ser N J--100V, 99% 99% 100 s * So Cal Edi .. CO Vs 59 % 59% 60 Std G & E 1.101% 100% 101% 103 United Corp .. 36% 35% 36'/, 37% Ut P * L At ..35% 35 35 36 * West Union 165 163 Am Inti C 37% 36% 36 s 37* United Fruit .. 86V* 86 86% 87% i Foods— Armour A .... ss.5 s . s s * 5 s * 5% Cal Pkg ... je . 66% C.&n Drv .... 61 7 b 6*'4 t3 Child* Cos 61% 60% 61% ... Pnra Cnla ... 176/4 * W 4 Cont Baking A.. 33 ! 2 23 23 24Va Corn Prod 98 96% 97 100 Cudahv Pkg ••• 42 , Gen Foods 55 54% 54% 56 Hersey ?6 95 s * 95% 98 Tf>uel Tea ••••• •• ... 52 Kroger . 27 25% 26 27% Nat B Biscuit .... 82 s . 82% 82% ... Plllsbury 30 30 Std Brands 21 -o s * 20\ 20tj Ward Bkg 9 Coty fnc ....... 18% 18 18 18V* Lambert Cos .... 85 83% 84 85 Lehn & Fink ... 26% 26 26 26% Am" Radiator ... 26% 26% 26% 27 Bush Term 35 V* 36 Certainteed .. ••• 7,? Gen Asphalt ... 50V* 50 50 50 s * Lehigh Port 3- s Otis Kiev 66% 65 65 66% Indus Chcms— Allied chem ....280 2-5 2.5 290 Com Solv 25% 24% 24% 25 * Union Carb 74 s * -4% 74% j-5 U S Ind AICO .. 74 73 -4 -3% Retail Stores— Assoc Dry Gds 37 33 Gimbel Bros • ■ ••• 5 3% 13% Kresge S S 28 s * 28% 28'* 23 Mav D Store .. .. ... 48 48% Mont Ward .... 39% 39 39 40'A Pennv J C 61% ... Schulte Ret St. .. ... f, Sears Roe 75*-t <5 75 75*2 Woo!worth 57Vb 56 7 i 56 7 b 58 1 -: Amusement*— Bruns Balke \ ... Col Graph 2044 19 5 194s 21

In the Stock Market

<Ev Thomson & McKtnnoni NEW YORK, June 16.-President Hoovers statement approving the tariff bill removes the last element of suspense for business in this direction. No more have we been relieved of the uncertainties surrounding the tariff and reparations than we are called upon to withstand the influence of a resumption in the declining trend of commodity prices. In some quarters this late turn in commodities is thought to result from a sympathetic pessimism due to the action of the stock market rather than any ; change in business or any new, un- | favorable development in the production of raw materials. In this ! connection a great deal of comfort may be .derived from Colonel Ayers' summary of business conditions, in which he says that since business activity began to decline almost a year ago. production has declined a great deal faster than has consumption, and “shortages we in the making.” He is quite assuring in his assertion that an upturn in trade is not far away. Meanwhile, the stock market, it seems likely, will drift along, waiting for indications of definite change in the trend of business. Based upon intrinsic values and attractive yields, many sound securities appearihikhold good possibilities. UiliirTuTTiM

Croslev Radio 13% Eastman Kod ..216 213 213% 218 Fox Film A .... 44\ 42% 43 s * 45 Orlßsbv Gru ... 21 20% W% 21 Loews Inc 72 69% 71 72 Param Fam ... 61 60 1 * 60% 61% Radio Corp .... 40% 39% 39% 40% RK O 32% 31 31 32% Schubert 18% 18% Warner Bros 49% 48 48% 49V* Miscellaneous— City Ice & Fu.. 40 59% 30% 41% Congoieum 12% 12% 12% 12% Am Can 130% 129% 129V* 132 s * Cont Can 57% 57 57 57V, Curtiss Wr 8% 7% 7% 7% Gillette 8 R ... 75 75% 76 77 Rea! Silk 44 43% 43% 44 U S Leather A 20 20%

Investment Trusts

(By James T. Kamlll) Bid. Ask. Ba-le Industry Shares 8% 9% Corporate Trust Shares 8% 9% D,versified Trust Shares A .. 23% ... Diversified Trust Shares E.. 19% 20% Diversified Trust Bhares C .. 8% 8% Fixed Trust Shares A 9Vs 9% Fixed Trust Shares 8.. 20 Investment Trust of New York 17% ... Leaders of Industry 10 11 North American Trust Shares 11 11% Power and Light Sec Trust 9 1 /* 9% Btandard Oil Trust Shares ... 9 s * 10% S W Strauss Inv Units 52 58 i Selected Amer Shares 7% 8 Trustee Standard Oil Shares B 10% 10% U S Elec -b Power Shares A 39Vi 41 Vi U S Elec tz Pow Shares B. 11 11%

The City in Brief

TUESDAY EVENTS Mvstac Order Veiled Prophets- of the Enchanted Realm, supreme ouncil ses- : ion, Claypool hotel, 9 a. m.; grand monarch'* ceremonial, Keith’s theater, 8:15 p. m. Rotary Club, luncheon. CC ay pool. Gyro Club, luncheon, Spink-Arma. Mercator Club, luncheon, Columbia Club. Indianapolis Architectural Club, luncheon, Y. W. C. A. Purchasing Agent’s Association, luncheon. Severin. American Chemical Society, luncheon, Chamber of Commerce. Universal Club, luncheon, Columbia Club. University of Michigan Alumni, uncheon, Lincoln. North Side Exchange Club, K 3810 College avenue. Alliance Francalse, luncheon, boinkArms. Duesenberg, a racing pigeon belonging to H, S. Wyeth, 5250 College avenue, won the 500-mile race conducted by the Indianapolis Racing Pigeon Club, Sunday from Montgomery, Ala., to this city. Duesenberg averaged thirty-five miles an hour. A polo game Sunday between the Rolling Ridge polo team and the Ft. Benjamin Harrison team was won by the former, 6 to 5. The contest was close throughout and was won on a “fluke” goal. The game was played at the Rolling Ridge Club. A large barn, two hog houses and a chicken house at the farm home of B. L. Thompson, one mile north of New Augusta, were destroyed by fire with damage of $3,000 Sunday morning. Sixty-five rabbits, six tons of hay, and a truck and an automobile were destroyed. Struck on the head -with a baseball bat while at play at Willard park Sunday, Robert Andrews. 6, of 1104 Bates street, was injured seriously. He v/as taken home after treatment at city hospital. Charles Shilling Kendall, 8 South Warman avenue, son of the Rev. L. H. Kendall and Mrs. Kendall, was graduated today with the degree of bachelor of sacred theology from Boston university. Leroy G. Gordner, representative of the Travelers’ Insurance Company, Hartford, Conn., in Indianapolis, will ath nd the company’s annual convention June 24 to 26 at Swampscott, Mass. Members of the Indianapolis Building Congress will hold their annual picnic and outing at New Bethel Thursday afternoon. Considerate thieves looted the safe of the Hood Rubber Company, 943 West New York street, of $24 Sunday night. After working the com-'“-•Ation on the safe and taking the tu.ids, the thieves carefully locked the safe again. Plans have been completed for the sixteenth annual meeting of the Indiana Commercial Secretaries’ Association at Bedford, July 11-12. Arrangements are under the direction of Russell Thompson, William Bosse and Robert Littrell. Betty Weavel, 5. daughter of Mr. and Mrs. George Weavel, 2413 Daisey street, was improving today at city hospital from burns on her face and legs suffered Saturday night when she fell into a sub-surface fire at a dump near her home. Ground on which she was standing caved in and threw her into the fire, burning in rubbish below the surface of the ground. “Transportation and Its Influence on Indiana” will be discussed by Tom Snyder, president and general manager of the Warehouse Distributing Corporation, at Wednesday noon’s meeting of the Kiwanis Club in the Riley room of the Claypool. Judge Thomas E. Garvin of the municipal court will speak at the weekly luncheon of the Indianapolis Real Estate Board at the Lincoln Thursday. The Indianapolis Building Congress will hold a picnic and outing Thursday afternoon at New Bethel, Ind., at the farm home of John Mann. Civil service examinations for positions of senior medical technician, timber expert, assistant timber expert, assistant radio operator, chief engineering draftsman and cotton grade and staple estimator have been announced by the United States civil service board of examiners at the Federal building here. Fourteenth ward Democratic Club will meet at the home of Edward Connell, 1705 West Morris street, at 7:30 tonight. Celebrating the tenth anniversary of its founding, the congregation of I the Northwocd Christian church j Sunday called Dr. T. W. Crafton, ! for the last year supply pastor, as permanent minister. The church is located at Central avenue and Forty-sixth street. Ralph H. Ackerman, department of commerce attache at Santiago, Chili, was the principal speaker at a noon luncheon of the Indiana World Trade Club in the Chamber of Commerce today. He will confer with local and state exporters in the office of Kenneth H. Dame, manager of the department’s local bureau of foreign and domestic commerce.

THE INDIANAPOLIS TIMES

SWINE MARKET HOLDS STEADY AT CJTYYARDS Weak Undertone Apparent in Cattle Trade; Veals Sell Higher. June Bulk. Top. Receipts. 7. $10.35® 10.45 $10.50 3.000 9. 10.454110.55 10.35 5.000 10. 10.25 10.25 8.000 11. 10.20 10.25 6.000 12. 10.35 10.40 5.000 13. 10.30 <110.35 10.35 6,500 14. 10.35 10.40 3.500 16. 10.40 10.35 7.000 Not much change was apparent in hog trade at the city yards this morning, prices remaining generally steady. The bulk, 160 to 300 pounds, sold for $10.35, top price paid was $10.40. Receipts were estimated at 7,000; holdovers were 149. The trend was lower in cattle trade with a definite weakness overhanging all classes. Receipts were 700. Vealers sold 50 cents higher at $10.50 down. Calf receipts were 400. Sheep were steady with receipts of 500. Top lambs were $11.50. Chicago hog receipts were 43,000, including 20,000 direct Holdovers were 1,500. A few early sales were steady to strong with Friday’s average; several loads of choice 160 to 260-pound weights, $10.20 to $10.30. Cattle receipts were 15,000; sheep, 10,000. —Ho*s — Receipts. 7.000; market, steady. Heavies. 800 lbs. up S [email protected] 250-300 lbs 10.35 Med. wts.. 225-250 lbs 10 [email protected] 200-225 lbs 10.35® 10.40. Liftht wts.. 160-200 lbs 130-160 lbs §-75@ 10.25 90-130 lbs 8 75@ 9.50 Packing sows 8.50@ 9.50 -CattleReceipts, 700: market, lower. Beef steers. 1.100-1.500 lbs. good and choice $10.25® 12.50 Common and medium [email protected] Beef steers. 1.100 lbs. down. good and choice Common and medium [email protected] Heifers. 850 lbs. down, good and choice §[email protected] Common and medium 6.00@ 9.00 Cows, good and choice §■§? Common and medium 5.507.25 Lower cutter and cutters 3.50@ 5.50 Stocker and feeder steers, good . and choice S.SOgtO.OO Common and medium 6.50® 8.50 —Vealers — Receipts. 400; market, higher. Medium and choice $ ?'22!§ 1 2‘22 Cull and common 4.50@ B.uu —Sheep— Receipts. 500; market, steady. Lambs, good and choice $10.50® 11.50 Common and medium [email protected] Cull and common i-52? 9'29 Ewes, medium to choice 3.00® 4.20 Other Livestock By United Press CHICAGO June 16.—Hogs, 43,000, Including 20,000 direct; choice lightweight hogs scarce, strong to 10c higher; others slow, steady to 10c lower than Friday's average; top, $10.40; bulk good and choice 160-250 lb. weights. $10.154710.20; butchers, medium to choice, 250-350 lbs., *9.75® 10.25; 200-250 lbs.. $9.90® 10.35; 150-200 lbs., $9.90® 10.40; 130-160 lbs.. [email protected]; packing sows, [email protected]; pigs, medium to choice, 90-130 lbs. $94510.10. CattleReceipts, 15,000; calves, 2,000; steer trade slow, weak to 25c lower, not enough done early to make a market; well conditioned fed steers predominating; light heifers and mixed yearlings getting some action; bulls fully steady; she stock weak; early top, $12.75; slaughter classes, steers, good and choice.. 1.300-1.500 lbs. Sl® 13: 1,100-1,300 lbs., $10,504*13; 550-1,100 lbs.. $10.25® 12.75; common and medium, 850 lbs. up. [email protected]; fed yearlings, good and choice. 750-950 lbs.. *10.25® 12.50; heifers, good and choice. 850 lbs. down. $9.25® 11.25; common and medium, [email protected]: cows, good and choice, s7@9; common and medium, $5.25@7; low cutter and cutter, [email protected]; bulls, good and choice beef, $7.4045 9; cutter to medium. [email protected]; vealers, milk fed and good to choice, $lO @11.75; medium, s9@lo; cull and common, $745)9; Stockers and feeders, steers, good and choice, all weights, [email protected]; common and medium, [email protected]. Sheep— Receipts, 10,000; mostly 25c higher; native lambs, sl2 to mostly $12.25; top. $12.50; choice 77-lb. Idahos, $12.75 to outsiders; yearlings, $9.50® 10; fat ewes, $3.50 down. Lambs, good and choice. 92 lbs. down $11.75® 12.75; medium, $947 11.75; cull and common, $747)9; ewes, medium, to choice, 150 lbs. down, [email protected]; cull and common, [email protected]. By United Press PITTSBURGH. June 16.—Hogs—Receipts, 3,750; market, strong to 5c higher; bulk 150-210 lbs. slo.Bo® 10.85: 200-250 lbs.. $10,504* 10.71,; heavier hogs, $10.25® 10.40; pigs. $10®'0.25; sows. [email protected]. CattleReceipts. 1,000; market, weak to 25c lower; spots off mark; few good fed steers, sll @11.15; bulk grassers, $8.50@10; fat cows, SS@B: bulls, [email protected]; few heifers. s7@l<) Calves—Receipts, 1 800 market. 50c lower; goo dand choice vealers, slo® 11. Sheep— Receipts. 2,500; market, steady; bulk lambs *l4® 11.50; aged wethers, s4@s; yearling, $712.3.50. B)| United Presn EAST ST. LOUIS. 111.. June 16.—Hogs— Receip.s. 14,500; market, opened 5® 10c higher; later trade very slow; early bulk, 160-230 lbs.. 510.25® 10.35: 250-260 lbs. $10.1547 10.20; buk sows. [email protected]. Cattle —Receipts, 4,500; calves, receipts, 2,000; market, vealers steady at $10.50; narrow demand for bulls. Indications no better than steady. Sheep—Receipts. 2,500; market. fat lambs, strong to 25c higher; con;idering quality; most desirable lambs, [email protected]; fat ewes, [email protected]. By United Press CLEVELAND, June 16.—Hogs—Receipts. 3.500; holdovers, 57; steady to 5c lower; 150-210 lbs., $10.65; 220-250 lbs., $10.55; 250-350 lbs.. $lO 40; over 300 lbs., downward to $10; pigs. $10.25; rough sows. $8.75; stags. $6.75. Cattle—Receipts. 100, steers, weak to unevenly lower; interests principally on bandy weights; dry fed. $9.75® 10.50; oSerings but at 25®50c reductions on last Monday; grassy kinds downward to $9; cutter grades as low as $7.50; hard to sell, cows at last week’s downturn. Bn United Press FT. WAYNE, Ind.. Jnne 16.—Cattle—Receipts, 75: calves, 50; hogs, 400; sheep. 50. Hogs—Market steadv to 5c higher: 110-130 lbs.. $9.33: 130-156 lbs.. *9.75; 150-X6O lbs.. $9.90: 160-180 lbs., $10.10; 180-M0 lbs., $10.25; 200-225 lbs.. $10.15: 225-275 lbs.. $10.05; 275-350 lbs.. $9.90; stags. $6; calves, $10.50; spring lambs, $10: yearling lambs, $7.50. By Uhited Press EAST BUFFALO. N. Y.. June 16.—Hogs —Receipts. 7.200; market, fully steadv; desirable 160-240 lbs.. *10.25: 250-300 lbs. and 120-150 lbs.. *10.50® 10.75: most pigs. $10.50: packing sows. [email protected]. Cattle—Receipts. 2.250: fed steers and vearlings, 25 @soc lower than last Monday: cows and bulls, steady to weak with close last week; bulls, good steers and yearlings. $10.50 4i 11.90: medium and short fed kinds. $9.50 @10.25; beef cows. $6.50477.50; cutter grades. $4476; medium bulls, [email protected] Calves—Receipts. 1,300: good to choice vealers 50c higher at [email protected]: medium kinds, steadv at $9.50® 10.50. Sheep—Receipts. 3,600: generally steady except ewes, weak to lower: good to choice hanvweight lambs. sl2® 12.50; medium kinds. $10@11; desirable weight fat yearlings. $10.50; mutton ewes. s3®4. P.y Times Special LOUISVILLE, June 18—Hogs—Receipts. 1 200: market, steady: 250 lbs. up, $9.60: 165 to 250 lbs.. $10.20; 130 to 165 lbs . $9.40; 130 >'os. down. $7.40: roughs, $6.85; stags. $6.25. Cattle—Receipts. 500: market. steadv; prime heavy steers. $104711: heavv shipping steers. $8.50@10: medium and plain steers. $7.50® 8.50: fat heifers. S6 50®10; good to choice cows. s6@7: medium to good cows. s4® 6; cutters. $3.50474; canners. $2.50@3: bulls. [email protected]; feders. $7.50® 9.50: Stockers. [email protected]. Calves—Receipts. 800: market, steady; tops. 8478.50: good to choice. $6.50®8: medium to good. $547 6.50: outs. $4.50 down. Sheep —Receipts. 2.000; market, steady: sheep. 50c lower: ewe and wether lambs. *11: s“'-eral cars buck lambs. *10: choice. *11.25 @11.50: seconds. $6.50477: clipped sheep. s3®4: Saturday and Sunday shipments: Caffe. 56; calves. 304; hogs. 151; sheep. 1.336. By United Press CINCINNATI. June 16.—H0g5—5.500 including 1.500 direct: held over, 530; mostly steadv; few spots 5 to 10 cents lower; bulk good and choice. 170 to 250 lbs.. $lO 2547 10.50; 170 to 230 lbs. mostly. *10.35 47 10 50: heavy hogs siow. 260 to 300 lbs.. [email protected]: light lights and pigs. 120 to ICO lbs.. $9.75 to mostly *10: bulk sows. $8 500 8.75: odd head. *9. Cattle—Receipts. 1.235: held over. 800. Calves—Receipts. 375: mostly steadv with last week's decline: medium to good. 900 to 1.200-pound fed steers. [email protected]; loads, good: around 900-pound vearlings. *10.75; better grades fed butcher heifers. slo® 10.50; common and medium steers and heifers. *[email protected]: tetter kinds. 59W9.50: beef cows listed. $5 @7; low cutter and cutters mostly. S3O 4: strong weights. $4.50: bulk sausage bulls. 55@7> vealers about steadv: undergrades very slow, weak; good and choice handy weights. s9@lo: bulk undergrades and heavy vealers. [email protected]. Sheep—Receipts. 400: about steady: bearish undertone: quality very poor; bulk good and choice lambs. *lo® U: common and medium. *[email protected]: few. $9; Inferior kinds down to *5: buck lambs, [email protected]; few. *10; most handy weight ewes, 3@4; common sheep down to *L

Business — and — Finance

Cash dividend payments by companies in the Standard Oil group for the second ouarter of 1930 totalled *68.590.901. the , largeat second quarter ,2" i record, compared with $66,762,168 in the first ouarter and *66.053.389 in the second quarter of 1929 according to records compiled by Carl H. Pforzhelmer & Cos., specialists in Standard Oil securlt.es. Fhillips Petroleum Company Saturday announced immediate construction of their forty-ninth natural gasoline plant located in the new Hobbs field. Lea County, New Mexico. The plant will be 1 of the latest absorption type, permitting the advantage of multiple unit construction. Cost of construction will be about *750.060. The plant la designed to handle 40,000,000 cubic feet of gas a day and of producing 50,000 gallons of natural gasoline daily. This is the fourth major natural gasoline situation announced by the Phillips Company within the past sixty days. This plant is supported by a large area of gas reserves, both producing and non-producing, Jantzen Knitting Mills, manufacturers of swimming suits, reports shipments for nine months ended May 31. 1930. of $4,036,000. an increase of 5937.000 or 30.2 per cent over shipments cf $3,093,000 reported for nine months ended May 31, last year. The board of directors of First Industrial Bankers. Inc., have authorized an increase in the dividend on the participating preference stock from $2 per ahare per annum to $2.34 per share. The total quarterly dividend payment to stockholders of record July 1, 1930, will be 56 cents per share instead of 50 cents per share, or at- the rate of 8 per cent on the stock at the present market price. Union American Investing Corporation, an investment trust of the general management type, in its second annual report for the period from June 1. 1929. to May 31. 1930. shows gross earnings of *924.169 and net profits after all expenses, interest charges, taxes and other deductions, of $667,107. equivalent to $6.44 per share on the 103.517 common shares outstanding on May 31. 1930. Arizona Edison Company, a subsidiary of Peoples Light and Power Corporation, reports gross revenues of 51,934,187 for the year ended April 30. 1930, as compared with $1,712,859 for the preceding twelve months. Operztlng expenses, maintenance and taxes, other than Federal income tax, totaled $1,071,876, as against $1,002,149. Gross income amounted in $862,311, which compares with $710,710 for the year ended April 30, 1929. Wisconsin Hydro Electric Company, a subsidiary of Peoples Light and Power Corporation, reports gross revenues of $731,199 for the year ended April 30. 1930, as compared with $667,582 for the preceding twelve months. Operating expenses, maintenance and taxes, other than Federal income tax. totaled $303,009. ae against $285,902. Gross income amounted to $428,190. which compares with $381,681 for the year ended April 30, 1929.

Dow-Jones Summary

London New York cables opened at 4.85% against 4.85 29-32, Paris checks 123.80, Amsterdam 12.083, Italy 92.765, Berlin 20.365. Universal Leaf Tobacco Company declared regular quarterly dividend of 75 cents on common payable Aug. 1, record July 18. California crude output in week ended June 14 averaged 603,100 barrels daily, increase of 6.100 over previous week, according to California Oil World. Youngstown district operations average 66 per cent during current week, compared with 68 per cent in previous week. Chicago district operations at 75 per cent against 89 per cent in preceding week. Chicago Railway Equipment declared regular quarterly dividends of 25 cents on common and 43% cents on preferred, payable July 1, record June 20. Federal Mining and Smelting quarter ended April 30 profit $400,145 before depreciation, depletion and taxes, against $288,731 in preceding quarter and $801,298 in like 1929 Quarter. Delaware & Hudson Railroad Corporation ended March 31 net income $713,779 after taxes and charges against $1,069,461 in first quarter 1329. Wabash withdraws I. C. C. petition to acquire control of Wheeling & Lake Erie. War department awards contracts for new airplanes, engines and accessories amounting to $5,963,419 as follows: Douglas Company of Santa Monica, Cal.. $2,221,623 covering 146 basic training planes with spare parts and forty-four model observation planes with spare parts. Boeing Airplane Company, $1,543,183 for 131 pursuit planes with spare parts. Thomas-Morse Aircraft Corporation of Buffalo, seventy-one observation planes with spare parts at cost of $1,018,126. Sikorsky Aviation Corporation to construct ten amphibian planes for a total of $437,832. All new airplanes to be powered with Pratt & Whitney air-cooled engines, the 0-38 observation type with 525-horse power Hornet engines and remaining type with 450-horse power Wasp engines. Negotiations for purchase of engines not yet complete, department said. Union Gulf Corporation $69,000,009 5 per cent bonds due July I, 1950, offered by banking group headed by Union Tract Company of Pittsburgh at 99 and accrued interest to yield 5.08 per cent. Syndicate headed by Soeyer & Cos. closes negotiations with Greek government for $7,500,000 one-year loan bearing 5% per cent interest. Warner Brothers Pictures nlan to spend more than $3 500,000 in First National Studio at Burbank making it largest talking picture plant in world. Fourteen sound stages will be added at cost of 51,500,000, exclusive of electrical equipment. Irving Fisher’s wholesale commodity price index for week ended June 13 at 87.0 off 0.06 from previous week. American Sugar. California & Hawaiian ond Western Sugar Refinery make second 10 point advance In refined to 4.70 cents basis effective Tuesday.

Produce Markets

Eggs (Country Run' —Loss off deliverd in Indianapolis. 19c; henery quality. No. 1 21c; No. 2. 16c. Poultry (buying prices—Hens, weighing 4Vi lbs. or over. 18c: under 4 Vi? lbs.. 20c: Leghorn hens. 16c: springers. 2Vi lbs. or over. 27c: under 2 5 2 lbs.. 25c: Leghorn springers. 1847 19c; old cocks. 9<®loc: ducks, full feathered, fat whites. 9c; geese, 6c. These prices are for No. 1 top quality quoted bv Kingan & Cos. _ Butter (wholesale)—No. 1. 35@36c; No. 2. 3341,34 c. Butterfat—3lc. Cheese (wholesale selling price per pound'—American loaf. 31c: pimento loaf. 32c: Wisconsin firsts. 27c; Lognhorns. 34c; New York Limberger. 36c. . Bv United Prrgg NEW YORK. June 16.—Flour—Dull and unsettled; spring patents. $5.50. Pork— Quiet; mess. $37. Lard—Weak; middle west spot, $10.104710.20. Tallow—Steady: special to extra 5V$7 5'2. Potatoes—Dull rnd lower: southern. 51.754i5.25; Maine, $2404.25; Bermuda, $6.504i11. Sweet potatoes—Steady; Jersey, basket sl®3 59. Dressed poultry—Quiet; turkeys. 254? 43c; chickens. 17®37c; fowls, 14®28c; ducks. Long Island 19c. Live poultry; dull: geese, 114j14c; ducks. 14® 23c; fowls. 18 ®2sc; turkeys. 15<g.25c; roosters, 13c; broilers. 15©40c. Cheese—Easy; state whole milk: fancy to specials 24@26c; young America, 18Vi®25c. Bv United Pregg CHICAGO. June 16. Eggs Market. Receipts. 30.558 cases: extra firsts, 22Vic; firsts. 22c; current receipts. 20'i4r21c; seconds. 18c. Butter—Market, unsettled; receipts. 17.001 tubs, extras. 32?sc; extra firsts. 304r;31c: firsts. 284J29c; seconds. 30c; standards. 32'c. Poultry—Market, steady: receipts. 5 cars: fowls. 20c; springers. 28c. Leghorns. 15c: ducks. 14c: geese. 12c; turkeys. 18c; roosters. 14c; broilers, 22c. Cheese—Twins. 16 L® 17c; Young Americas, ISc. Potatoes—On track. 212; arrivals, 90; shipments. 1.138; merket firm: southern sacked Bliss Triumphs. $2.75® 2.85; North Carolina barrels, Irish Cobblers, [email protected]. Bv United Prrgg CINCINNATI. June 16—Butter steady: creamery in tub lots, according to score, 304? 33c; common score discounted 2@ 3c; packing stock No. 1. 25c; No. 2. 25c; No. 3,22 c; butter fat. 284/30c. Eggs—Steady: cases Included, fresh gathered 23Vic; firsts 21c: seconds. 19c: nearby ungraded. 22 ! 2 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, 10c: Leghorns. 3 lbs. and over. 18c; roosters. 15c; broilers, colored, over 2 ms.. 30c; broilers, over IVi lbs.. 27c; IVi lbs. and over, 24c: Leghorn and C r otngtor> broilers over IV4 lb.. 32c; 144 lbs. and over. 13c: broilers partly leathered. Hv 13c; black springers. 20c.

TWO DEAD AND SCORES INJURED INCARCRASHES Deputy Sheriff Is Victim; One Held in Alleged Hit-Run Killing. Two dead, one a deputy sheriff, and scores injured was Indianapolis’ automobile accident toll over the week-end. Reputy Sheriff Fred Smith, 40, of 221 East Michigan street, died at 4 this morning at city hospital from injuries sustained Sunday night when a sheriff’s office automobile turned over on wet paving at Sixtyfourth st r eet and the White river bridge. John Yost, 50, of 101 North Belmont avenue was injured fatally Saturday night while walking across Washington street in the 1800 block. Linley C. Hines, 65, of 3551 Rockville road, was arrested on charges of manslaughter and is alleged to be the hit-run driver whose car struck Yost, Another Deputy Hurt Harry Krames, 212 North East' street, deputy sheriff, was injured in the accident which cost Smith his life. The deputies were en route to Ravenswocd on an emergency run. Smith came here from Princeton, Ind., about five years ago, and formerly operated a scale repair shop at Liberty and Washington streets. He was appointed a deputy sheriff Dec. 1, 1928, and has been a member cf the road patrol. He is survived by his widow, Mrs. Madge Smith. Funeral services will be held Wednesday afternoon at 4 at the Hisey & Titus funeral parlors, 751 North Alabama street. Dies Four Hours Later Yost died at Methodist hospital four hours after the accident in which witnesses obtained the license number of the motorist who did not stop. Hines was arrested some hours later and was charged with manslaughter, Yost was an employe of the Indianapolis Brush and Broom Manufacturing Company. Funeral services will be held at the home at 1:30 Tuesday afternoon with burial at New Dayton Wednesday. Hit and run drivers were responsible for three other week-end accidents. Robert Mahoney, 7, son of C. H. Mahoney, 631 Udell street, was injured slightly when a hit-and-run driver collided with Mahoney’s car at Thirteenth and Meridian streets, Sunday. Nick Gudgel, 20. of 3338 North Illinois street, was injured, not seriously, when struck by a hit-a ad-run driver while standing in a safety zone at Washington street at Sheffield avenue. Leave After Crash Three youths drove away after their car crashed into a machine occupied by Mr. and Mrs. James Fogleman, 4302 West Morris street, at Capitol avenue and McCarty street. No one was injured seriously. Other accident injuries reported to police were: Deming Wyatt, 22, skull fractured when car overturned at Burdsal parkway and East Riverside drive; Earl Webster, 19, Negro, 2406 Sheldon street, skull fractured when his motorcycle collided with auto at Twenty-third and Sheldon streets; Mrs. Ada Waner, 58. of 108 West Wilkins street, nose broken when auto collided with street car at Thirty-second and Central avenue; Florence Spaldora, 12, of 629 South East street, leg injured when struck by auto at Shelby and Prospect streets; Miss Dolly Jenner, 34, of 4606 East Washington street, head cut in auto collision at Thirtieth street and Park avenue; Mrs. Mary McKeon- 39, of 37 North Elder avenue, head cut in auto collision at Thirtieth street and Central avenue; Mrs. Myrtle Harvell, 50, Negro, 124 Smith street, Apt. 1, injured seriously when struck by auto while crossing Capitol avenue -nd Twelfth street; Miss Ruby Fiery, 38, of 810 River avenue, injured slightly in auto collision at 100 Belle Vieu place.

Indianapolis Stocks

—July 16— Bid. Ask. 4 mer Central Life Tns C 0.... 1.000 Belt R R, & Yds Cos com 60% 63% *3eit R R & S Yds Cos pfd.. 56 60 3obbs-MerriU Cos 30 33% Central Ind. Pow Cos pfd.... 89 98 Circle Theater Cos com 106 Citizens Gas 27 Citizens Gas Dfd 96% 100% Commonwealth L Cos pf 1%... 97 102 •Commonwealth L Cos pf 8%.. 98 Hook Drug Cos com new 24 26 Ind Hotel Cos Claypool com.. 125 Indiana Hotel Cos pref 101 105 Indiana Service Corp pref 86 Indianapolis Gas Cos common.. 57 61 % •Indpls Power & Lt Cos pfd...103% 105% Indpls Pub Wev Loan As com.. 53 Indpls St Rv Cos pfd 10 Indianapolis Water Cos pfd.... 99 -Interstate U S Cos pr 6% L pf 89 93 Interstate Pub Serv 7% 102 103% •Northern Ind Pub 7% co pfd.. 10/ Metro Loan Cos 99 •Northern Ind P 5%% co pfd.. 91% ... •Northern Ind Pub S% co pfd 99 102 Progress Laundry Cos c0m.... 46 48% S Rauh & Sons Fer Cos pfd Real Silk Hosiery M Inc pfd.. 96 Shareholders Investors Cos 24% ... Standard Oil Cos of Ind 50% ... T H I & E pfd 10 •Terre Haute Trac L Cos pfd. 78 ... Union Title Cos common 43% ... Van Camp Prod Cos Ist pfd. .. 98 Van Camp Prod Cos 2nd pfd. .. 98 •Ex-Dividend. —Bands— Belt R R & Stock Cos 5s 91 Broad Ripple 32 Central Indiana Gas Cos 5s 99% ... Central Ind Power Cos 6s 98'/a Citizens Gas Cos 5s 101 102 Citizens Street Railroad 5s 42 43 Gary St Ry Ist 5s 65 Home T&Tof Ft Wayne 6s. 101% ... Ind Northern Trac Cos 3% 5% Ind Rv & Light Cos 6s 96 Indiana Service Corpn 5* ... 88 Indpls Power & Light Cos 55.. 100% 101 Indiana Union Trac Cos 55.... 7 Indpls Col & Trac Cos 6s 92% 94 Indianapolis Gas Cos 5s 100 Indpls & Mart Rapid T Cos 5s Indpls No Trac Cos 5s 10 Indpls North Western Cos .... 10% ... Indpls Street Ry 4s 29 30 Indpls Trac Ter Cos ss-. 80% ... Indpls Union Ry 6s 100% ... Indpls Water Cos 5%s 102% 104 Indpls Water Cos 5s 97% ... Indpls Water Cos lie & ref.... 98 Indpls Water 4V 2 s 93% 94% Indpls Water W Sec Cos 5s 88 Iterstate Pub Serv Cos 4%s 91% ... Interstate Pub Ser Cos 5s 98 Interstate Pub Serv 6%s 103 No Ind Put Ssrv Cos 5s 101 No Ind Telegraph Cos £s 97% 100 T H Ind & East Tfac Cos 55.. 64 T H Tree Light Cos 5s Union Trac of Ind Cos 65.... 18

Local Wagon Wheat

Citv grain elevators are paying 88c for No. 2 red wheat and 85c for No. 2 hard wheat j Robert K. Tomlinson | I INVESTMENTS 1 I 824-25 Continental Bank H Indianapolis Lin. odEEiJ

New President

Herbert Luckey, manager or the Estate Planning Company, whom directors of the Life Underwriters Association of Indianapolis Friday elected president for the next year. Luckey is a local attorney. The association was formed thirty-six years ago. Perry Meek, Indianapolis Life Insurance Company, and Theod jre Root, Pacific Mutual Life Insurance Company, were chosen vice-presidents.

BANDITS ELUDE PURSOjNO GDPS Dust Clouds Permit Escape of Man, Woman. Escaping pursuing police cars in dust clouds on country roads near Indianapolis Sunday night, a man and a woman, alleged kidnapingbandits, abandoned the stolen automobile they drove at Leeds and Southeastern avenue early Sunday and are believed to be hiding in Indianapolis. The two are reported having held up Fred Penn of Cincinnati, near his home at midnight Saturday and having forced him, at the muzzle of a pistol held by the man, to drive to Brookville, Ind. There the man robbed Penn, bound and gagged him and threw him from the car, he told authorities. Indianapolis police and Sheriff George Winkler, notified of the kidnaping and robbery by Brookville authorities, placed guards on the roads.

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

Announcing — MYRON S. HARLAN General Insurance Succeeding Former Insurance Department State Savings & Trust Cos. 824 Circle Tower Riley 8391 INDIANAPOLIS LIFE INSURANCE CO. ANNOUNCES the opening of another Insurance Sales School. In the last* school new men sold $266,000.00 of insurance. Many of these men are now successfully engaged in this business. Classes begin Monday, June 23d, at 7:00 P. M. and continue for one hour. These classes meet on Monday and Thursday evenings. EVERY ONE . . . whether interested in selling insurance or not .... is welcome to attend these classes. There is no tuition charge. For further information call TAlbot 0788 and ask for E. C. McGriff, F. D. Bros nan or E. F. Kepner. We Appreciate Your Patronage That’s Why We Give You Good Service EMPIRE LIFE AND ACCIDENT INSURANCE Empire Bldg. C. S. Drake, Pres. THE WAY WE PAY INSURANCE j F LOSSES WILL PLEASE YOU Accident and Health—Auto—Burglary—Plate Glass— Workmen’s Compensation—Fidelity Surety 'Bonds NEW AMSTERDAM CASUALTY CO. DAVID LAYTON, Mgr. 825 Meyer—Kiser Bank Building. LI. 4577 We Make REAL ESTATE FIRST MORTGAGE LOANS FABUEBS TKCST COMI'ANX 150 East Market Street Bllt Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchane New York Cotton Exchange Chicago Board of TradNew York Curb Aieoeiatloa j Rooms 200-214 Circle Tower Telephone Lincoln 5501

.JUNE 16, 1930

THEATERS BAND IN DRIVE UPON TiCKETPIRATES Draft Engineer to Become Head of War Against Scalping Group. By United Press NEW YORK. June 16. An engineer who rarely has gone to the theater, for one thing, I didn't feel I could afford it,” has been selected as the executive director of the League of New York Theaters- Inc., the organization that intends to halt ticket-scalping in this town. He is Harlow Do Savage, who until a few months ago was president of the Combustion Corporation of America. In his fifty years he has paid scant attention to the stage. Nevertheless, when approached by a group of producers and asked to guide the sales destines of show business at $25,000 a year he accepted. “From the little I have already learned of the theater,” he told the United Press in the first interview he granted after his election had been announced, “I find that very little attention has been paid to financial details. Scarcely a producer knows the percentage of capacity that must be reached in order to insure him a profit. And there are so many feuds that half the time showmen forget just who it is they’re not speaking to.” Savage is not the purpose of the league, not the immediate purpose anyway,” he replied. “We are setting out with only two objectives —to see that no spectator is charged more than 75 cents above the face value of a ticket and to see that at least 50 per cent of all tickets are kept in the box office for sale rather than in the agencies.” ~~ 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 L TT-T--V- -"7 * Ks INDIANA I E | LIBERTY I XT / INSURANCE 1 q irl / COMPANY \ S E / "“teas 1 ' 8 \ a N/\ \ T o Edward Boren, Gen. Agt. 518 Continental Bank. Bldar. Indianapolis—Phone LI. 7280