Indianapolis Times, Volume 42, Number 32, Indianapolis, Marion County, 17 June 1930 — Page 14
PAGE 14
SCHOOL HONOR -PAID TO CITY ? NEGRO PASTOR Robert Elmire Shelton Is to Deliver Address in Delaware. • The Rev. Robert Elmire tjl'on, pastor of Barnes M E. chunm, is scheduled to leave today for Wilmington, Del., where he is to deliver the commencement address Thursday night at Howard high school, one of the few acceited Negro high schools in America. Dr. George A. Johnson is principal. Mr. Skelton attended Indianapolis grade and high schools and earned his A. B. degree at Indiana university. He is the son of the Rev. D. E. Skelton, a former pastor here, and is widely known for his youthful leadrship in the M. E. church. When the World war came he Joined with the Ninth battalion, Ohio national guard. At the close of the war Mr Skelton entered Ohio Wesleyan university, where he received his M. A. degree. He later earned his bachelor of divinity degree at Garrett Biblical Institute of Northwestern university. Here From Chicago Mr. Skelton was called to the pastorate here from St. Matthews M. E. church in Chicago, where he did post-graduate work in conjunction with his pastoral duties. ' The Measure of a Man" is to be the subject of the Wilmington address. Because of his reputation as a leading platform speaker. a civic and social leader of the Negro group. Mr. Skelton was asked to follow James Weldon Johnson. Kelley Miller and Mordecai Johnson, other noted commencement speakers at the school In recent years. Following his eastern trip. Skelton will ro directly to West Baden, where he Is an Instructor In the Area School of Theology, conducted each summer bv leaders of the M. E. church. Opening services in the new home of the Institutional A. M. E. church were largely attended Sunday. The Rev. Charles Sumner Williams, pastor, preached. Afternoon and night services at the church consisted of a citizens' program arranged with music as the main feature. The Cosmopolitan School of Music, under direction of Mrs. Lillian Le Mon. gave musical numbers Mrs. Le Mon gave a short talk on the history of music. Addresses Are Given At night addresses were given by Mrs. Lillian Jones Brown and. J. F. Johnson. Activities of the church were started in 1929 bv Dr. Williams and until recently services have been conducted In the auditorium of Trinity hall. Twenty-first street and Boulevard place. Services Sunday were conducted in the new edifice at Fourteenth street and Senate avenue. Mrs. Rose Thompson. Miss Hazel Alexander. and Mrs. Monica Henderson have returned from a week-end motor trip to Evansville, where they visited friends. Mrs. Rice has gone to Louisville on a motor trio with her father. Attorney W. E. Henderson. Miss Lillian Weekly, secretary to Attorney R L. Bailey, has returned from a motor trip to Wllberforcs university. She accompanied Attorney and Mrs. S. R. Richardson of Richmond, who attended the commencement exercises. Mrs. Carrie Martin and Miss Maud Meriwether. teachers in local schools, received A. B. degrees tr. the commencement exercises at Butler university last week. Sessions of the National Negro Business League will be held in Detroit, Aug. 20, 21 and 22. according to announcements from league headauarters. Dr. Moton. president, now is abroad on an educational mission for the United States government. is expected to arrive in time to attend all sessions. "F.gger and Better Negro Business" is to be the general topic of the 1930 meetings according to Albion L. Holsey. secretary. City Group to Attend A large delegation of Indianapolis business men and women are expected to form a motor caravan to the convention city in August. James R. Hodge is president of the local branch. Funeral services for Mrs. Alice Spears, who died at her home. 2054 Highland place. Thursday, were held Monday at the residence. The Rev. H. L. Herod officiated. assisted bv the Rev. D. F White and the Rev. Mary G. Evans. Friends from out of town attending the funeral included Mr. and Mrs. G. L. Grundy. Muncle, and Mrs. S. R- Hamlet, Springfield. O. Lieutenant-Governor William B Youngman of Massachusetts will deliver the address of welcome to the National Association for the Advancement of Colored People at the opening mass meeting of the twenty-first annual conference, to be held in Springfield. Mass., from June 25 through July 1. it was announced today. Other welcoming addresses are to be made by Mayor Dwight R. Winter. Major Frederick J- Hillman and the Rev. William N. De Berry. Walter White, acting secretary of the national office. Just relumed from Springfield, said: "No annual conference in the history of the association has been prepared with greater care and intelligent foresight than the coming conference at Springfield." Bailey Is Branch Head Attorney R. L. Bailev is president of the local branch of the N. A. A. C. P. The national body has a membership approximating 200.000. Miss lone Givens, who taught school at Terre Haute during the winter term, is spending her summer vacation here with Miss Hazel Alexander in West Pratt street Miss Givens is to pursue a summer school course at Butler university. A meeting of the committee of 100. shaping plans for the citizens' night program during the National Medical association convention week hers in August, has been called for Friday noon at the Walker Coffee Pot. All members are urged to be present by the general chairman. Attorney F. B Ransom. Mr. and Mrs. F. E. DeFrantz and Dr. •nd Mrs M D Battles are on a motor trip to Tuskcgee. Ala . where they will be the guest of Colonel and Mrs. J. H. Ward Colonel Ward Is head of the Negro Veterans* hospital in the Alabama city. The tourists plan a visit to Tuskegee Institute and other points of the south before thev return North. L. F. Artis Is acting head of the local "Y" in the absence of DeFrants. The Rev. B. F Neal Instructor in the Area school of Theology, which opens this week at West Baden, was a week-end guest of the Rev. and Mrs. M. W. Clair. Jr . at their home in Boulevard place. The Rev. M W. Clair, also an instructor at the school, accompanied Mr. Neal to West Baden. Breakfast Bridge Given Miss Hazel Alexander entertained with a breakfast bridge party in honor of Miss Spaulding Pritchett, who is to be married to the Rev. Louis H. Berry Saturday night. Guest* included the bridal party. Decorations for the breakfast party included bridal colors of orchid and pink. Mrs Mary E. Cable will entertain tonight at the Hammond hotel with a dinner party lor Miss Pritchett. Mrs. J. W. Anderson. Albuquerque. N. M . has been a house guest of Mrs. and Mrs. j. W. Slaughter in Keystone avenue. She la a sister of Mr. Slaughter. Miss Juanita Bobson has gone to Greensboro. N. C.. where she will teach methors in the A. and M. college during the summer sessions. A >450 scholarship la to be awarded to a student selected from the orphans' home according to officials of the Bohemiar Club, which sponsored the gift. Three similar gifts are to be awarded from other sources to secure the ciub offer. R 8. Kenafy is president.
New York Stocks 1 (By Thomson & McKinnon) "
Rai.rimds- - Jun * l7 - Prev O—*- High. LOW. 11 30. Close Atchison 307 305 20- 29V* Ail Coast Line . . . }*? Balt & Ohio 101 100, 101 101. Chess Si Ohio .. 17j 1-4 l- 1 21, Chesa Corp 56% 55*. 56% 5- . Chi Ort west .. 9'. 9 1 * 9rs Chi N west 1( £ T * d<Tl tw . ' ii3 1 a iii'j iji’s JiK 8 De! <fc Hudson ... ••• ij® ‘Si,? Erie 37'* 37 37 3g* Erie Ist pfd J? 8 Great Northern Gulf Mob A: Oil ”, 8 Illinois Central 1 J£ ;8 Kan Citv So ,s*, .Sgj 8 Lou & Ncsh ... • MK & T 39 % 38'a 33 , 38 * Mo Pacific pfd . ■_ 13° ' \H * N Y Central ...159‘a 153 153 a g. * Nickel Plate ...... ••• ”, NY NH &H .. 108’2 105 108 a 1° , Nor Pacific 73V *3-* 73 * 73 a Norfolk ic West 223 32S , JUMU':::: '* J* i?'p h Ji n . Rv .::. 1 M 5 * 'ik St Paul pfd 22% 22 22-a 32' * St L & S F jii,, iVV Union Pacific 2 12 j? 2 i? Wabash • ■ 23 /? W Maryland 21% 21W 21 a 22 e West Pacific 19 % ZJ Equipments— Am Car <fe Fdv . .. ... 50 50 Am Locomotive 52 * 52'* 53 Am Steel Fd. .. 38 36V 37 38 Am Air Brake 544 43V, 43 , 44 Gen Am Tank.. 90% 88 90 a 89 , General Elec ... 68% 66V 68 /, 67 /* Gen Rv Signal.. 81% 81% 81,a 82V Lima Loco •• •‘•j 3 ri" 1 Man El Sup.... 10 9"* 9% 10 N Y Air Brake 40 40,■ Press Stl Car 1 8 .1 8 Pullman Westingh Ar B . . . 3 ®'' B , 3 ?,? Westingh Elec ..141V 13SV 141 140* Firestone 2 ° ( 2 °y Goodrich 2 ? ?£/;* Goodyear 65 64’a 6o * 3 , 2 Kelly Sprlngfld 33 , Lee Rubber •• ••• „S 3 , U S Rubber .... 22V 21 22 a 22 a Auburn 11l 109 Vi 110 116 Chrysler 28 V 28 V, 28 >4 29 Gardner Graham Paige,. .. ... 6 , 6,a General Motors. 42V 41V 41', 42 Hudson 33 V 33 Va 33 a 33 Hupp 14V 14'a 14V 14V Mack 58 57 V* 57 V 58V Marmon 12V 12V 12V 12,, Nash 31V 31 31 a 33 .a Packard 13V 13 13 Va 14 Pierce-Arrow • • •• 24 Reo ' BV, 8V BVa 9 Studebaker 27V 27V 27V 27,a Yellow Truck ... 23V 2V 23V 23V Motor Access — Am Bosch 31,8 Bendix Aviation • 28', Borg Warner ... 30V 30 30V 30,a Briggs ......... 17 3 /a 17'/a 17 V, 17’a Campbell Wy 19V ... Eaton ••• 23 V 23 V El Storage B 64% 65 Hayes Body .... 6V 6V 648 6V Houda 11 Motor Wheel ... 21V 22V Sparks W 42 % Stewart Warner. 22 20V 21V 23V* Tlmkln Roll ... 61 60Va 60V 61 Mining— Am Metals 31V 30V# Am Smelt 63 63V 63 64 Am Zinc 7% 7 7 7% Anaconda Cop.. 43Vb 48 48V 49 Cal & Hecla 16V 15V 15V 15V, Cal & Ariz 55V 54V* 54V4 ••• Cerro de Pasco.. .. ... 47 4SV Freeport Texas.. 3744 37 37V 38% Ganby Corp ... 25 247a 25 26 Great Nor Ore.. .. ... 19'/a 19V Howe Sound.... 28 2644 28 23 Int Nickel 22V 21 Va 21V 23 Inspiration 15 14 14V laV* Kennecott Cop.. 40% 4040% 40V Magma Cop 32 32 Miami Copper .•• J7V 17 * Nev Cons 167'a 16V 16% 16'V Texas Gul Sul.. 53 50V 52 51 U S Smelt 20Vi 2044 2044 21 Amerada 24% 24 44 24 44 24V Am Republic 16 15V 13 16V Atl Refining 354, 3a a 35% 354, Barnsdall 22 21'/a *.l/8 21 ,a Houston - :.: 80V 73V 784* 75 Ind Oil 22 214a 214a 22'a Indian Refining. 11V 1044 UVa N’/a Mex° sbd i8 7 i 17V WJfc V Mid Conti 237 b 2344 23V 24V Pan-Amer (8(... . ... |5 * f Phillips 314a 3144 314, 32 * Pr Oil & Gas ..... 29 . 29 /l Pure Oil 207a 2044 20A 21 Richfield ■■ •••,,. 15,'? IJ 3 , Roval Dutch 50/a 50 , 50 , 50 * Shell Un 19V 19 19V* 19V Sinclair 224, 32V 22V 23 qirp’lv ... 31 *4 01,4 Standard of Cal 60V 59?a 604* 61 Standard of N J 64V 63V 4V 64V Standard of N Y 32V 31 k 31 * 31 'foyne pn 51 50*'2 51 31 'R Union Oil 'i .' 404* 40 V 40 3 '* 41V* Mills.. 61V 61V 61V 61V if c?u°s^ee!:: 22 li'* Inland ' oc Ludlum 25 2 2o 25/2 25 Midland 28 27% 27.2 28 * Newton ........ nW s ::::i 4 & A Vanadium 734* 70 73 * 73 Youngst S & W 25,3 Tobaccos — ~,, Am Sumatra ~a Am Tobacco (A . o*2i/ 2 Am Tob 181 230 227 230 232 ,2 Con Cigars ••• -i 9 72 v General Cigar .. .. 55 * Lig & Myers 8,. 89;> B.V 8? * 90 IxTrillord 49 V 48% 48 V 18 V Plyil Morris Reynolds Tob 3 11,4 Tob Pr (At 1° 6 " Tob Pr 4 4 /8 AbYtlbi t,e rT 28 27V 274* 29 rr! v gjt |v .. Am Par It Lt 85V 85% 85V 86~* A m T P & T 4-.. ..208 % 206 V 208 V 209 V Col Gas & El. ... b 6 6oV 66 66V Com <t Sou 13 V 13 V 13 * 13 * El Pwr <t LI 67V, 62 , 67V 65 a Gen Gas A 9V 8V V 10 Inti T & T 43 41 42 42 Natl Pwr & Li.. 38'* 36V 38 -39 V No Amer C0....100 98 3 * 100 Pac Gas & El.. .. ... ” 5cV Pub Ser N J 94% 93% 94 * 94V So Cal Edison. 57% 58V 5. * 58 Std G & El .. 93•% 93 9393^2 United Corp .. 32% 31V 3SV 32V Ut Pwr & L A.. 32 31 32 33 West Union 163 Am h im/ I Corp . . 34% 31% 34'* 33V Inti Mer M pfd 21 21V No Gm Lloyd 49 United Fruit 83 84 V Am°Sug7i' 55 V 55 55 V 56 V Armour A 3 2 3 % Beechnut Pkg 50 ... Cal Pkg 6b', 66V, Can Dry 60V 60V 60% 62 Thilds Cos 56 3 4 ol'n Coca COU 166 V 165 V 166 V 170 V Cont Baking A 19 * 21 * Corn Prod 82 3 Cuban Am Sug. . ... ® Gen Foods 51 a 51V 51 52 Grand Union 42 * Jewel Tea ••• 4 J ‘ 47 a Kroger 24 23% 23V 244a Nat Biscuit 78 <7 -8 78 Pillsburv ••• 29*8 29 Safeway St.. . . 84 , ’a 82V 82V 86V Std Brands 19 5 a 19 19 20 •* Ward Bkc <% " Co'tv U lnt" 18% 17 V 18 V 18 Lambert Cos 81V 80V 81 * 84 * Lehn & Fink 2a% 23V Am Radiator 24 ■, 24 24 , 24% Bush Terms 33 J3 Certainted 7 Gen Asphalt 45 46 Lehigh Port .. •„ 22 ’ 3 Otis Elev 60 59 V 60 62 Indus Chems— ... ... Allied Them -263 244'. 265 268 Com Solv 23 1 * 20 3 23 1 * ?0 1 4 U?,Ton carh...... 69V 68V 69V 69% U S Ind Alco 73 -2% (3V 2 Retail Stores — A-soc Drv Gds.. .. ... 32-* 35- a Glmbel Bros ... 12V 13 Kresge S S 27V 2~ Mav D store 46 45V 45 47 Mont Ward 36V 35V 36-% 37 Pennv J C . ... 60 59V 59V 60% Schulte Ret St.. 7 6V 7 7V Sears Roe '2V ‘IV ‘ 1 3 * DV Woolworth 56 55 56 55 AmniemanU— Bruns Balke Col Graph 18 17V 17% 18% Croslev Radio .... ... 12V 13 Eastman Kod ~207 V 204 V 207 209 V
New York Bank Stocks
—June 16— Bid. Ask. '3ank of United States 50% 52 Brooklyn Trust 740 745 Central Hanover 352 356 Chase National 140 12 Chatham Phoenix Nat! 120 122 Ct'emica! 63 6". Citv National 158 180 Corn Exchange 18* 187 Commercial 470 475 Continental 29% 31 Frnplre 83 85 First National SCOO 5200 Guaranty 657 660 Irvine 50** 51% \fnhttan & Cos 113 114 Manufacturers 108 111 Ne’e York Trust 251 356 Pub’ic 105 109 Chelsea 42 46
Investment Trusts
(By James T. HamlU & Cos.) —June 17 — Bid. Ask. Basic Industry Shares 8 S’, Corporate Trust Shares 8% 9% •Diversified Trust Shares A.. 21% ... Diversified Trust Shares B ... 18% 19V. •Diversified Trust Shares C... 7% 8% Nation Wide Sec 8% 9% •Sxed Trust Bhares A 20'* ... nvestment Trust of NY 9 il .eaders of Industry 10% 11% 'orth American Trust Shares 8% 9% standard Oil Trust Shares..... 9% 10% , W Strauss Ins Units 52 58 ‘elected Amer Shares 7% 7% Trustee Standard Oil Shares B 9% 10% U 8 Elec & Pwr Shares A.... 28% 28% u •toSlrtdencL"V Bh * re * ~ 10 *
Fox Film A 41V 40 41' 42V Grigsby Oru ... 17V 16V 17% 18 Loews Inc 63V 60 63', 63 Param Fam .... 55V 54V 55V 56 Radio Corp .... 38% 36 37V 37V P.-K-O 29 V 29% 23% 50% 3chubert ... 15 Warner Bros ... 43% 42% 42V 44V Miscellaneous— Airway App 22% City Ice & Fu.. 39% 39 39 39% Congoleum 11% 11% 11V UV Am Can 124 123 V 124 122 V Cont Can 54 53 53% 53% Curtiss Wr 7% 7 7% 7% Gillette 8 R .... 71V 70% 71% 71V Real Silk 40Va 42 U 8 Leather A 16V, 20
Dow-Jones Summary
LONDON—New York opened at 4.85 13-16 unchanged. Paris checks *23.80. Amsterdam 12.082. Italy 92.765. Berlin 20.3C5. Crucible Steel Company declared regular quarterly dividend of $1.25 on common, payable Jluy 31, record July 15. Independent Pneumatic Tool Company declared regular quarterly dividend of sl, payable July 1. record July 26. Western Auto Supply Company of Kansas reports May sales $1,361,750 against 51.382.043 in May. 1929. Five months $5,096,632 against $5,157,647. Detroit Edison Company and subsidiary utility companies in twelve months ended May 31 earned $10.13 a share against $10.94 a share in preceding year. Cotton co-operatives to pay off loans made by federal farm board bv delivering the actual cotton to stabilization corporation. Vice-President J. C. Stone of farm board states. Co-operatives hold about 1,030.000 bales and lor.ns arc on nearly all of these. Genera! Rayon Company. Ltd., and subsidiaries 1929 earnings was 46 cents a share on combined 398.425 shares of class A and 100,000 no-par shares class B common. Stockholders of American Machine and Fo’indry Company approve increase in authcf.vzed stock to 1.508.000 shares from 300.000. International Machine and Foundry Company stockholders approved increase in authorized stock to 600,000 shares from JOO.OOO. McCord Radiator and Manufacturing Company declared regular auarterlv dividend of 75 cents on class A. payable July 1, record June 23. Gleaner Combine Harvester Mav profit was $346,965 after charges, but before depreciation and taxes against $385,526 in May, 1929. For nine months $1,259,490 against $838,153. American Acceptance Council reports total volume of dollar acceptances outstanding May SI at $1,382,207,000 against $1,413,717,000 on April 30 and $1,107,169,000 on May 31, 1920. Philadelphia Rapid Transit declared regular quarterly dividend of $1 on common. Philip Morris & Cos. declared regular quarterly dividend of 25 cents. April net operating income of 173 class 1 roairoad's 82,271,581 against $94,168,377 in April, 1929. Four months $238,507,531 against $353,439,684. Federal reserve board’s condition statement as of June 11 shows decline for week of $75,000,000 in loans and investments and $19,000,000 in borrowings from reserve banks. Net demands deposits increased $53,000,000 and time deposits $21,000,060. New York Federal Reserve bank cut buying rate on cankers bills up to forty-five days '/a oi 1 per cent to 2'/a per cent to 2% per cent up to I*,o days, one house reduced rate on ninety-day bills to 2Va per cent at 2 per cent.
Produce Markets
Ekks (Country Run)—Loss off deliverd in Indianapolis, 19c; henery quality. No. 1 21c: No. 2,16 c. Poultry (buying prices—Hens, weighing 4% Ids. or over, 17c; under 4% lbs., 20c; Leghorn hens, 14c; springers. 2% lbs. or over. 27c; under 2% lbs.. 25c; Leghorn springers, 18® lac; old cocks. 9@loc; aucks, lull leathered, 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, 33 (//' 34c. Butterfat—3lc. Cheese (wholesale selling price per pound i—American loaf. 31c; pimento loaf, 32c; Wisconsin firsts, 27c; Lognhorns, 34c; New York Limberger. 36c. Bv United Press CHICAGO. June 17. Eggs—Market, steaay; receipts. 24.106 cases; extra firsts, 22%c; firsts. 22c; current receipts. 20%® 21c; ordinaries, 18%®lyc; seconns. 18c. Butter—Market, unsettled: receipts, 22,083 tubs; extras. 32%c; extra firsts, 30®31c; firsts. 28%®29%c; seconds. 26®27‘/2c; standards. 32 I 2C. Poultry--Market, steady; receipts. 3 cars; fowls. 20c: springers. 30c; Leghorns. 15c; ducks, 14c; geese. 12c; turkeys. 18c; roosters. 14c; broilers, 22c. Cheese —Twins, 16%@17c; young Americas, 18c. Potatoes —On track. 179; arrivals. 53; shipments. 654; market, firm on sacxea; dull on bbl. stock: southern sacked Bliss Triumphs. $2.25® 3; North Carolina bbls., Irish Cobblers. $5®;5.15. Bv United Press NEW YORK. June 17—Flour—Dull and lower: spring patents. $5.40®5.80. PorkQuiet: mess. $32. Lard—Weak; middle west spot. $9.70C09.80. Tallow—Weaker; special to extra. 4%®5c. Potatoes—Quiet and lower; Southern. [email protected]; Maine, s2® 4.25. Sweet potatoes—Steady: Jersey, basket. sls/ 3.50. Dressed poultry—Dull aiid irregular; turkeys. 25@43c; chickens, 145/ 37c: fowls. 14®28c; ducks. Long Island. 19c. Live poultry—Dull and nominal; geese, 11® 14c: ducks. 145/23c: fowls. 18® 25c; turkeys. 155/ 25c: roosters. 13c; broilers, 15® 40c. Cheese—Steady; state whole milk, fancy to special, 21®20c; young America, 18 %® 25c. Bv United Press CLEVELAND. June 17.—Butter—Steady: extras. 36%c: extra firsts, 36%c. Eggs— Steady: extras. 23c; firsts, 22c. Poultry— Steady; fowls. 235/24c; mediums. 23®24c; Leghorn. 155/20c; heavy springers. 25@30c; over 3 ibs.. 335/36c: Leghorn springers. 185/ 23c: ducks. 155/ 22c; old cocks. 12® 14c; geese. 10® 15c. Potatoes—Maine green mt„ $4.25 per 150-lb. sack; Michigan, $4.40 per 150-lb. sack. Bv United Press CINCINNATI. June 17—Butter steady; creamery in tub lots according to score 30©33c; common score discounted. 2®3c; packing stock No. 1,25 c; No. 2,15 c: butter fat. 28® 30c. Eggs—Steady. Cases included: fresh gathered 23%c: firsts. 21c; seconds. 19c: nearby ungraded 22%c. Live Poultry—Thin and coarse stock sell only at heavy discount. Fowls 5 lbs. and over. 19c; Leghorns. 3 lbs. and over 16c; roosters. 14c; broilers colored over 2 lbs. 27c; 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 12® 15c; black springers, 20c.
In the Stock Market
ißv Thomson & McKinnon t NEW YORK. June 17.—One of the few encouraging factors that come to our notice this morning is the unqualified assertion by one of our financial writers that certain banking interests are preparing to re-enter the stock market on the buying side. Unquestionably support from this source heretofore has not been aggressive. Making full allowance for the prospect of greatly diminished earnings we must bear in mind that our well managed companies in recent years have built up a strong capital struc* ture. Fortified with large surpluses they should bs and probably are, in a position to withstand a period of declining earnings. Yields are again liberal. With money at subnormal rates, we believe investment buying will finally prove to be the fundamental factor in checking the current decline. Once resistance points have been established in pivotal stocks we anticipate that a covering movement will bring about a reversal in the market trend. Building Permits Bertha Brattan, repairs, 5825 Broadway. mo. O. H. Francis. garage. 459 Arnolda. J2OO. J. H. Gray, dwelling and garage. 5455 North Pennsylvania. *12.500. H. Commlskev. repairs. 1254 Oliver. *2OO. H. M. Woolen, wall, Elmira and Golden Hill drive. *2.500. R. M. Smith, repairs. 1062 West Twentyseventh. (1.435. H. P. Wasson Company, repairs. 16 West Washington. (1,500. Thomas McCann Shoe Company, store front. 18 North Pennsylvania. *I,OOO. Lee E. Swaiis. dweUinjb and garage. 6007 Park. *8.500. \ L. H. McAllister. repaiK Beville and Michigan. *3.000. / \
.THE INDIANAPOLIS TIMES
PORKER MARKET SINKS 35 GENTS IN WEAKTRADE All Cattle Classes Sharply Lower; Sheep Sell Upward. June Bui’s. Top. Receipts. 10. $10.25 $10.25 8,000 11. 10.20 10.25 6,000 12. 10.35 10.40 5.000 13. 10.304i10.35 10.35 6.500 14. 10.35 10.40 3.500 16. 10.40 10.35 7.000 17. 10.00 10.00 8,000 Hogs took a severe drop at the city yards this morning, the market being generally 35 cents lower than Monday. The bulk, 160 to 330 pounds, sold for $lO. This represented top price paid. Receipts were estimated at 8,000; holdovers were 279. All classes were sharply lower in cattle trade, the market slow at the decline. Receipts were 1,600. Vealers sold steady at $10.50 down. Calf receipts were 750. Sheep showed strength wtih prices up 50 cents at $12.00 down. Receipts were 1,200. Chicago hog receipts were 31,000, including 10,000 direct. Holdovers were 6,000. Bids were 15 to 25 cents lower with no early sales; 200 to 220 pound weights $lO to $lO.lO. Cattle receipts were 7,500, sheep 8,000. —Hogs— Receipts, 8.0C0; market, steady. Heavies, 800 lbs. up 9 90 250-300 lbs 10°° Med. wts.. 225-250 lbs l^.^O 200-225 ibs J°°° Light wts.. 160-200 lbs 130-160 lbs a lon l o?i, Qn_i*}A \Ysr 9.25 Packing sows 8.25® 9.25 —Cattle — Receipts. 1,600; market lower. Beef steers 1.100-1,500 lbs. -.nnnrfiyno good and choice Common and medium 7.00@*0.00 Beef steers. 1.100 lbs. down, good and choice Common and medium 7.00@, 10.00 Heifers. 850 lbs. down, good and choice 6.50®10.00 Common and medium 5 225, „ nn Cows, good and choice t §'22 Common and medium 6.75 e/ 8.00 Lower cutter and cutters 3.00® 5.00 Stocker and feeder steers, good and choice 2 22 Common and medium 6.00@ 8.00 —Vealers — Receipts, 750; market, steady. Medium and choice S ?'22S'*2'22 Cull and commofi 4.50® 8.00 —Sheeo— Receipts. 1,200; market higher. Lambs, good and choice l i'22^i?'22 Common and medium 7.504/11.00 Cull and common L 502; 3.n0 Ewes, medium to choice 3.00® 4.50 Other Livestock 7?'/ T’nitrrl I'rms CHICAGO. June 17.—Hogs—Receipts. 31009; including 10.000 direct; choice weighty butchers around 25c lower, all other classes 254/50c lower; extreme top. $10.10: bulk good to choice 160-280-ib. weights. $9,754/ 10; butchers, medium to Choice 250-350 ibs.. 59.504T10; 200-520 lbs.. 59.604/>10: 160-100 lbs.. $9,604/10.10;; 130-160-160 lbs.. $9,254/10; packing sows. $8.50 4/9.10: pigs, medium to choice. 90130 lbs.. $3,754/9.85. Cattle—Receipts. 7.500; calves 3.000; very dull, weak market on all classes; only pram fed offerings getting action in she-stock and butcher heifers: grassers. $lO4/11.25: market, grain fed choice heavies around $12.75; slaughter classes, steers, good and choice. 1,300-1.500 lbs., $10.75® 12.75; 1.100-1.300 lbs.. $10.50® 13; 950-1.100 lbs.. $10.25(5-12.50; common and medium. 850 lbs. up. $7.50®10.50; fed yiearlings, good and choice, 750-950 lbs., $10,254/12.25; heifers, good and choice, 850 lbs. down. $9,254) 11; common and medium. $6.25479.50; cwos. good and choice. 574/9; common and medium. $5.25: low cutter and cutter cows. $3.50®5.25; bulls, good and choice beef. $7.25478.75; cutter to medium, $5.2547 7.25; vealers. milk fed. good and choice. $104711.75: medium. $94? 10; cull and common, s7@9: stockers and feeder steers, good and choice, all weights, [email protected]; common and medium. $6.75® 9.50. Sheep—Receipts. 8.000; fairly active, strong to mostly 25c higher; native lambs, $12.254712.50; top. $12.75; choice Idahos. sl3; vearlings. $104710.25; fat ewes steady. $3473.25' lambs, good and choice. 92 ibs. down. sl2® 13; medium, $9.25@12: cull and common. $7®9.25: ewes, medium to choice, 150 lbs. down, [email protected]; cull and common. $1472.75. Bv United Prrun PITTSBURGH. June 17.—Hogs—Receipts. 1.000; market mostly 20c lower; pigs and sows steady; bulk 150-210 lbs., $10.50® 10.65: 220-250 lbs., $10,254/ 10.50: pigs. $lO 4/T0.25; rough sows. $8®8.75. Cattle —None. Calves—Receipts. 100; market steady; good and choice vealers. $..10@11. Sheep—Receipts. 500; market steady: bulk lambs, $9 (7711.50: few yearlings, $7478.50; choice aged wethers. $5. Bv United Press EAST ST. LOUIS, 111. June 17.—Hogs— Receipts. 15,000; market. 15c to 25c lower than Monday’s average: bulk, 160-230 lbs., $10; some held hignci; most sows, $9. Cattle—Receipts. 4,003. Calves—Receipts. 2,000; market, steers and weighty mixed vearlings and heifers slow; small lots fat light heifers, steady; narrow demand for bulls: vealers 50c lower at $10; other classes steady. Sheep—Receipts 5,000; market, no early sales: bidding fully steady or around $11.25 for desirable lambs; generally active; 2Sc higher; sheep steady. Bv United Press . TOLEDO. June 17— Hogs—Receipts. 500; market, 25c lower: heavies. $9,504/9.75; mediums. [email protected]; vorkers. $9.75; pigs, $9.75. Cattle—Receipts liberal; market, slow. Calves —Receipts, light: market, steady. Sheep—Receipts, light; market, slow. Bv United Press CLEVELAND. June 17.—Hogs—Receipts. 1.400: holdover none; 1547 25c lower; choice 150-210 lbs.. $10.50; comparable 220-250 lbs.. $10.40; 250-300 lbs.. $10.25; pigs. $10; rough sows. $8.50; stags. $6.50. Cattle — Receipts. 150: weak to mostly 25c lower; fat cows. $5.50®7; cutter grades. 53.5047 5; load common to medium steers. $9. Calves —Receipts. 600: weak, spots 50c lower; betters grades. $11.50 down; top, sl2; medium. $10@11; culls downward to SB. Sheep— Receipts. 600; lambs steady; aged sheep 50c lower: good to choice lambs. sll® 11.50, or above; wethers quoted $4 down; bulk fat ewes, $3.50 and under; culls as low as sl. Bv United Press FT. WAYNE. Ind.. June 17.—Calves—Receipts. 50; hogs, 400: sheep, 100. Hogs— Market 40c lower: 90-110 lbs.. $8.85; 110130 lbs.. $9.10: 130-150 lbs.. $9.35; 150-160 lbs.. $9.50; 160-180 lbs., $9.50: 180-200 lbs.. $9.85: 200-225 lbs.. $9.75: 225-275 lbs.. $9.65; roughs. $8.50; stags. $6; calves, 10.50; spring lambs. $10; yearling lambs, $7. Bv United Press CINCINNATI. June 17.—Hogs—Receipts. 4.550 including 1,550 direct; held over 360; slow, mostly 20 to 25 cents lower; bulk desirable 170 to 250 lbs., butchers, $lO4/ 10.30; good and choice 180 to 230 lbs., averages mostly $10,254/10.30: heavy hogs. dull, bidding $9.85 on around 265 lb. averages: around 300 lbs. listed, $9.75: light lights and pigs 120 to 160 lbs. mostly [email protected]; sows. $8,254/8.50; smooth finished, $8.75. Cattle—Receipts. 250. . Calves—Receipts. 350; mostly steady; catch bid. clean up market, low grade and plain grassers, $8 4/9: more desirable kinds up to $10; good grain feds lacking: beef cows mostly. ss® 7: low cutters and cutters mostly. s3®4; strong weights. $4.50; bulls listed. ss®7: vealers about steady: good and choice, $9 4/10; undergrade* mostly. s7® 8.50. Sheep —Receipts 1.200. about steady: undergrade lambs weak: good and choice handy weight lambs. slo® 11: bulk common and medium. $7®8.50: inferior down to $5; buck lambs mostly. $9®9.50; better grade handy weight ewes. S3®4. F.v Times Bvrciat LOUISVILLE. Kv.. June 17.—Hogs—Receipts. 700: market, 20c lower: 250 lbs. up, $9.50: 165 to 250 lbs.. $10: 130 to 155 lbs.. $9.20' 130 lbs. down. $7.20: roughs $6.65: stags. $6.05. Cattle—Beceipts. ICO: market,, slow; prime heaw steers. $10®11: heavy shimnr.g steers. $8.50® 10: medium and plain steers *7.504/8.50: fat heifers. 56.50 4710: rood to choice cows. s6®7; medium •to good cows. s4® 6; cutters. $3.50® 4; canners 32.504/3: bulls. $4.50®6: feeders $8.75 ®<* stoc’-rs. $5.50® 7.25. Calves—Receipts. 300: market tons. $8®8.50; good to choice. $6.50®8: medium to good. ss® 6.50- outs. 5%50 down. Sheep—Receipts. 2.500: market, steady; ewe and wether lair bs $11; choice car lambs. $11.25® 12.50 buck lambs. $10: seconds. $6.50® 7: elinped sheen. $3.5047 4.50. Monday's sbinmants: Gattle, 163; calves, 718; hogs, 253: sha-r>. $?88. MRS. TAFT’S MAIL FREE Widow of Former President Given Frank by Hoover. Rv United Press WASHINGTON, June 17.—Mrs. William Howard Taft, widow of the late chief justice, today was granted the privilege of sending letters through the mail without postage. The frank was granted her under a bill signed by President Hoover and carries out the policy of allow - ing widows of former Presidents free use of the mails.
Business —and—i Finance
The fifty most attractive stocks traded on the Chicago Stock Exchnage during the week ended June 14 had a market value of $3,127,773,839 at the close of business Saturday, as compared with $3/ > 90,505,849 at the close of the previous week, according to a compilation by Otis & Cos. This represents a decrease of $262,731,980, or 7.75 per cent. The market value of fifty representative stocks on tne New York Stock Exchange at the close of the week ended Saturday, June 14, 1930, was $25,174,199,463, a decrease of $1,363,849,235, or approximately 5.14 par cent under the value of $26,538,048.698 at the close of the preceding week, according to a compilation by McClure, Jones & Cos., members of the New’ York Stock Exchange. General Water Wosks and Electric Corporation reports gross earnings from a sources for the four months ending April 30 1930. of $2,365,450. as compared with $2,247,131 for the same period in 1929, an increase of $118,319. Net earnings for the 1930 period amounted to $1,224,077. as against $1,202,774. an increase of $21,303. Oregon-Washlngton Water Service Company, a subsidiary of Federal Water Service Corporation, reports gross revenues of $616,087 for the year ended April 30,1930, as compared with >.">94,022 for the preceding twelve months. Operating expenses, maintenance and taxes, other than federal income tax, totaled $335,238. as against $315,214. Gross income amounted to $280,849, which compares with $279,678 for the year ended April 39. 1929. The Utilities Power and Light Corporation and Its subsidiary and controlled companies report gross revenues for the twelve months period ended on March 31. 1930. of $52,674,573. a gain of 19 per cet over that reported for the corresponding period of 1929. After prior deductions. including depreciation and reserve for income taxes, consolidated net income was $8 031.294. against $4,964,108 for the twelve months period ended March 31. 1929, a gain of more than 61 per cent. First Industrial Bankers Inc., reports net profit from operations of $136,424 lor the first five months of 1930. After all deductions. Including federal taxes, interest and reserves, net income amounted to $117,471, or at the annual rata of $6.48 per share on the $2 cumulative participating preference stock. This compares with $50,539 for the twelve months ended Dec. 31. 1929. The time for the deposit of common stock of Columbia Gas and Electric Corporation to take advantage of the proposal of the United Corporation has been extended to the close of business on June 17. 1930. according to the official announcement made today from the offices of Columbia Gas and Electric Corporation by the committee constituted under the deposit agreement. Directors of the Rath Packing 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. Births Girls Floyd and Addie Fruits, 2878 North La Salle. John and Eugenia Hays. 1119 West Twenty-seventh. Charles and Mary Monger, 928 West Twenty-seventh. Willie and Bessie Bellamy, 822 Darnell. Earl and Daisy Miller 845 West Walnut. Henry and Belle Sanford, 714 West Twenty-fifth. Charles and Malinda Williams, 459 West Seventeenth. William and lona Lones, 521 South Warnjan. John and Louise Tully, Methodist hospital. Perry and Doris McArthur, Methodist hospital. Edgar and Lucile Driftmever, Methodist hospital. Meredith and Agnes Stader, 1354 Minnesota. Thomas and Margery Cassidy, 3030 Graceland. Lawrence and Mamie Mayes, SO'/i Prospect. Harry and Ruth McDowell, 538 North Oakland. Ford and Goldie Allee, Coleman hospital. Forest and Thelma Lester Coleman hospital. Otto and Elma McDowell, Coleman hospital. Lewis and Zella Pickett, Coleman hospital. Burl and Ruth Rude, Coleman hospital. Gordon and Rosa Smelser, Coleman hospital. Evan and Thelma Staton, Coleman hospital. Henry and Edwena Townsend, Coleman hospital. Bovs Mack and Sarah Spicer, 1118 North Missouri. Robert and Beulah Benge, 1315 North Illinois. Raymond and Sarah Erk. Methodist hospital. Robert and Wilma Montgomery, Methodist hospital. William and Wilhelmina Hopkins. Methodist hospital. M. A. and Josephine Lawrence, Methodist hospital. Bryce and Hazel Ham. Methodist hospital. Ernest and Eunice Cooper, Methodist hospital. Oscar and Lorena Stone, Christian hospital. Denver and Virdie Hughes, 1774 Roosevelt. Herschel and Olive Davis, Coleman hospital. Charles and Ruby Goldey. Coleman hospital. Carl and Faye Macy, Coleman hospital. Rov and Lena Nash. Coleman hospital. Roy and Irene Poore. Coleman hospital. William and Hazel Schoolcraft, Coleman hospital. Deaths Harry Clark McLaughlin. 57. 452 East Walnut, acute dilatation of heart. Bernard Lamping. 73, 805 East lowa, chronic myocarditis. Mary Foppiano. 53. Methodist hospital, diabetes mellitus. Ralph Wirth. 71. 4702 Carrollton, cardio vascular renal disease. Harry Levinson. 62, Methodist hospital, cerebral hemorrhage. Orla Bradley, 51, city hospital, myocarditis. Noel Allen. 51. 1145 West Eighteenth, uremia. Henry F. Schakel. 69, Christian hospital, chronic nephritis. Frank W. Sanders, 47, Christian hospital, diabetes mellitus. John B. Hunt, 73. 1415 Lexington, carcinoma. August J. Cahill. 51, citv hospital, chronic nephritis. Katherine G. Parrish, 58. city hospital, cardio vascular renal disease. Catherine- A. Backenstoe, 67. 1925 North O-'ford. lobar pneumonia. Wilson H. Waterman. 86. 203 Hiawatha, cardio vascular disease. Martha Grimes. 48. city hospital, myocarditis. Peter Jacobs. 77. city hospital, rabies. Lillian Whitlow. 16 mo., city hospital, acute nephritis. William Collier, 40. 624 East Miami, lobar nneumonla. John Fredrick Habbe. 72. 2351 North Pennsylvania acute cardiac dilatation. Otis Asher. 57. St. Vincent’s hospital, peritonitis. Walter Cash. 44. Long hospital, chronic myocarditis. Fletcher W. Bovd. 55. St. Vincent’s hospital. acute encenha litis. Alice Solars. 58. 2069 Highland place, acute cardiac dictation. Phvllls Jane Williams. 1. 929 Roache. broncho pneumonia. Daniel D. Prosnan. 72. 1471 North Delaware. cer“hra! apoplexy. Nancy Woodward Brown 9 days. Methodi't hospital, slwpie meningitis. Fred Ear! 0->k!ey. s‘. 2176 North Temple, cahrdio vascular renal disease.
Gone, but Not Forgotten
Automobiles reported to police as stolen belong to: Chuck Wiggins. 521 West Twenty-ninth street. Graham Paige sedan. 733-367. from Pennsylvania and Fourteenth streets. Earl McFarland. 1465 South Illinois street. Whippet sedan. 69-932. from 2824 Shelbv street. Francis M. Faussett, 1310 South Lynhurst drive. Ford coupe. 735-432. from Washington and West streets.
BACK HOME AGAIN
Stolen automobiles recovered by police belong to: Kenneth Tooley. 718 Terrace avenue, Oldsmoblle coach, found at Meridian street and Jackson place. Chevrolet coach. 78-434. found at rear of 2440 Central avenue. r. b. Lavton, 1639 Fletcher avenue. Ford coupe, found an North and Roanoke street. Bond Issue Is Approved Approval of a $100,200 bond issue for the John S. Leaking road in Henry county was granted by the itTte tax board today, after county officials had advertised, for bids three times. * ,
STOCK ISSUES HIGHER AFTER INITIAL SALES Profit-Taking Causes Some Irregularity at Close; Steel Up.
Average Stock Prices
Average of thirty industrials for Monday was 230.05. off 14.20. Average of twenty rails was 130.85. off 3.61. Average of twenty utilities was 83.21. off STO. Average of forty bonds was 95.3a, off .03. All new lows for 1930. Bv United Press __ _ „ , NEW YORK, June 17.—Rallying tendencies made some progress on the Stock Exchange in the first two hours of trading today following a sharp decline at the opening. The initial selling was orderly with the maximum loss only five points. More than a hundred issues dipped to new lows, however, after having closed at fresh lows Monday. Trading today was the most active since the 8,000,000-share day on May 5. Sales in the first half hour were at the rate of 12,000,000 shares for a full day. Steel Leads Rally After the initial blocks of 4,000 to 18,000 shares were disposed at prices from fractions to three points, United States Steel led a substantial rally. This stock opened % point higher at 15814 and then moved upward above 161, taking the leading industrials and' utilities with it. The market behaved as many had expected. Traders knew of vast amounts of margin calls being sent out Monday and were prepared for a setback in heavy trading at the opening. Many placed buying orders and the initial unloading took place with buyers on hand for all offerings. Bonds Sell Off The rally which ensued was also expected. Ir was helped to some extent by investment buying by those who participated in the midmonth interest and dividend payments. Some short covering also took place, although investigations made recently belittled the extent of the short interest in the present market. Prices flashed from the floor around noon showed a majority of gains over the previous close in the principal issues. In the commodity markets, cotton and wheat came back substantially. Bonds, however, were tending lower on a firmer tone in call money and some selling by holders of stocks who needed funds for margin on their shares. Oils Rise At noon, according to prices flashed from the floor United States Steel was at 160%, up 2% from the previous close; General Electric 6914, up 1%; Johns Manville 89%, up %; Radio 3814, up %; Worthington Pump 121, up 5; American Can 124%, up 1%; Westinghouse Electric 140%, up %; Vanadium 45, up T 4; United Aircraft 51%, up 2%; Texas Gulf Sulphur 51%, up Vs. Atchison featured the rails, rising 6% points above the previous close to 213. Baltimore & Ohio was at 102%, up 1%; New York Central 160%, up %, and Union Pacific 215, up 2. Standard Oil of New Jersey rose 2% to 65 Va and Texas Corporation % to 51%. Leading utilities were up fractions to more than a point. American Telephone International Telephone 1% to 43%; Electric Power and Light 2% to 68% and Consolidated Gas 1% to 110%. Copper Down Sales to noon totaled 2,831,100 shares, being at the rate of more than 7,000,000 shares for a full day. Bonds sales to noon totaled 6,277,000 against 3,633,000 in the same period yesterday. Following sharp declines on the London metal market in copper prices for immediate delivery, domestic sales were made here today at 11% cents a pound, anew low for several years. Asa result copper shares did not rally with the remainder of the list. New lows for the year were made by American Smelting at 62. off 2; Kennecott at 39%, off Vs, and Anaconda at 48, off 1. Andes equaled its low for the year at 21%, off %.
Banks and Exchange
INDIANAPOLIS STATEMENT Indianapolis bank clearings Tuesday, June 17. $4,060,000; debits. $8,906,000. CHICAGO STATEMENT Bv United Press CHICAGO. June 17.—Bank clearings. $131,100,000; balances. $10,400,000. NEW YORK STATEMENT Bv United Press NEW YORK. June 17.—Bank clearings. $134,000,000; clearing house balance, $270.000,000; federal reserve bank credit balance, $266,000,000. TREASURY STATEMENT Bv United Press WASHINGTON. June 17.—Treasury net balance on July 14 was $60,635,757.08; customs receipts for the month to that date totaled $19,114,887.08. Government expedltures on June 14 were $5,464,545.91. DRY AGENHS SLAIN Shot in Gun Battle With Liquor-Laden Car. Bv United Press GOLDSBORO, N. C., June 17. A federal prohibition agent, P. L. Flinchum was shot to death in a running gun battle with occupants of an alleged liquor laden car in a chase within the city limits of Goldsboro today. H. V. Andrews, another dry agent, was wounded, and two others, B. A. Dale and F. E. Street, injured when their car crashed into a tree after Flinchum was killed. The pursued car escaped. SUBMIT COUNTY BIDS $150,000 in Quarterly Supplies Listed; Decisions Due Soon. Bids on approximately $150,000 in quarterly supplies for county institutions and maintenance material were submitted Monday to county cemmissioners by more than twenty bidders. Bids were on $135,000 worth of foods, $15,000 in trucks for the countv road repair system and about SIO,OOO In miscellaneous supplies Contracts will be awarded late this week or next week, commissioners *“■ k- • !
The City in Brief
WEDNESDAY EVENTS Mystic Order Veiled Prophets of the Enrhanced Realm, supreme eopnell session, Claypool, 9 a. m.; veiled prophets’ paeeant: downtown streets. 8 p. m. and veiled prophets' ball. Murat temple, 9 p. m. Lions Club annual election, noon, Lincoln. Kiwanis Club luncheon. Claypool. Indiana Grain Dealers’ Association luncheon. Columbia Club. Mutual Insuffenre Association luncheon. Columbia Club. Purdue Alumni Association luncheon. Sererln. _ Illlnl Clab luncheon. Board of Trade. Indianapolis League foi the Hard of hearing, basket dinner. Brooksside community house, 6 p. m. Robert H. Bryson. Indianapolis postmaster, is attending the postmasters’ convention of Indiana, Ohio and Kentucky, at Ft. Wayne today. Past Presidents’ council. Woman's Relief Corps, No. 44, will hold a luncheon Friday at the home of Mrs. Nora Pfeffer, 119 West Twentyseventh street. Quarterly meeting of the state budget committee was set by Governor Harry G. Leslie today for Wednesday. Salary raises for institutional and departmental employes will be discussed. 1h 0 $90,000 bond issue for retirement of certificates of indebtedness for suspended sewer assessments was sold to the Thomas D. Sherrin Company, security dealers, Fletcher Savings and Trust building, Monday by City Controller William L. Elder/ The issue brought a premium of $4,055. Governor Harry G. Leslie was informed today of his selection as presiding officer over one of the sessions of the annual Governors’ conferences to be held in Salt Lake City July 2 to 4. Philanthropic work of the Grotto throughout the nation was explained today by Clinton G. Nichols, grand captain of the guard, a national officer of the Grotto, at the “Grotto day’’ luncheon of the Universal Club in the Columbia Club. A series of surprise entertainments starting June 30 are planned by the Indianapolis Eagles aerie for its members. A picnic at Broad Ripple park Aug. 24, is one of the fetes. AIMEE'S'ERROR' COSTS HER $l3B Pays Smuggling Fine to U. S.; Talks to Tex Guinan. Bv United Press NEW YORK, June 17.—Aimee Semple McPherson stood foursquare with the United States customs service today after explaining that her neglect to declare some Parisian finery on her arrival from the Holy Land on Saturday purely was “an honest mistake.” George Brewer, solicitor of customs, exchanged greetings, smiles and assurances with Mrs. McPherson and then asked her to pay $138.55, of which SB3 was duty, the rest penalty. Mrs. McPherson kept an Episcopalian minister waiting at her hotel while she held a press conference. At one time, she kept both the reporters and minister waiting while rhe exchanged “honeys” and “my deahs” with Texas Guinan, of “Never give a sucker an even break” fame over the telepbone. The Los Angeles evangelist declined La Guinan’s invitation to visit the night club queen’s new place on Long sland. “I’m sorry, Honey,” Mrs. McPherson said, “but I’m just filled up with appointments.” PACT VOTE MONDAY Senate Group Will Voice Naval Treaty Views. Bv United Press WASHINGTON, June 17.—The senate foreign relations committee today agreed to vote next Monday on its report to the senate regarding the London naval treaty. The agreement was reached after the committee had voted down, 13 to 4, a motion presented by treaty opponents to postpone further consideration until President Hoover permits Secretary of State Stimson to deliver to the committee secret papers dealing with negotiations. Marriage Licenses Clyde E. McClintock. 21. of 3824 Rookwood. laborer, and Helen E. Stephenson. 22. of 3239 North Illinois, stenographer. Walter F. Morse, 24. of 949 North Pennsylvania. reporter, and Mabel Casey. 24. of 44 North Layman, teacher. Walter L. Walters. 25. of 735 Ogden, porter, and Florence L. Wilson. 23. of 1115 Broadway. Mar/in O. Hollingsworth. 27, of 1425 North Tuxedo, salesman, and Mary E. Sheltmire. 24. of 1425 North Tuxedo, technician. Ira E. Perry, 57. of North Manchester, physician, and Fairv M. Smith, 50, of 23 West Sixteenth, clerk. Biven T. Mings. 24. of Chicago, clerk, and Mary E. Gohmann, 19. of 747 Terrace. Saverio Cornelia, 23. of 727 South Noble, clerk, and Catherine Micell. 19. of 653 South New Jersey. John H. Hartman. 34. of the Columbia Club, manufacturer, and Katherine A. Mueller. 24. of 2221 Talbot. Frank BunnelL 21, of 1322 East Twentyfourth. fireman, and Bertha Sultzer, 17, ol 1446 East Seventeenth. Charles J. Granger. 22. of 5019 College, clerk, and Wilma J. Sherflck, 18. of 527 East Thirty-first. Guthrie B. Coyle. 36. of Ft. Harrison, soldier and Cora L. Minton 45. of 3208 East Michigan, clerk. Paul E. Pupprecht. 27. of the Hotel Lincoln. manager, and Mildred M. C. Kassing. 26. of 686 East Drive Woodruff place. Charles D. Bickel. 22. of 4814 College, salesman, and Beatrice 8. Snyder, 20. of 3138 Bellefontaine. Roote J. Cox Jr.. 22. of 933 Eugene, supervisor. and Helen L. McCoy. 21. of 301 North Denny, bookkeeper. Earl E. Smithen. 33. of 1001 College, teacher, and Mary E. Adams. 34. of Whiteland. Everett W. Williams. 25. of city h*sp:tal. interne, and Mazie Meloy. 21, of 1818 North Alabama. Thomas W. Ayton. 34. of 2332 Central, engineer, and Ciena R. McCain, 33, of 1720 Lexington, instructor. Frank C. Urick. 23. of 523 North East, decorator, and Emma B. Poer, 21, of 620 North Albama. Everett E. Lett. 40. of 505 North Delaware. secretary, and Mabel M. Bower*. 39. of 3519 Balsam. Maurice F. Rogers, 24. of 2830 Ruckle, draftsman, and Ethel Lee R. Lester. 23. of 1029 East Southern, teacher. Erwin W Mode. 34. of 4355 Winthrotx podiatrist, and Bessie M. Anderson. 35. of 622 East Fiftv-third. In the Air Wind, northwest, 4 miles; ceiling i.OOO feet, visibility 10 miles; barometric pressure at sea level, 29.77, threatening north and northwest; field excellent.
-JUNE 17,1930
GRAINS CLOSE UP ON FIRMER EXPORTSALES Strength at Winnipeg Chief Factor in Upswing; Corn Higher. Bv United Press CHICAGO, June 17.—With a decidedly strong undertone throughout the day. wheat closed sharply higher on the Board of Trade today. There was a material let up in pressure and a strong tone to security and cotton prices which had a bracing effect on grains. The chief factor was the strength at Winnipeg that market advancing sharply on reports of sales of more than 3,000,000 bushels of wheat for export overnight and a total of around 20,000,000 bushels in the last five days. Corn and oats were Aim with wheat. At the close wheat was 2% to 2% cents higher, corn was 1% to 2 cents higher and oats was 1% to 1% cents higher. Provisions were uneven, bellies weak and lard around 20 points higher. Liverpool held steady after its mid-morning rally and closed % to % cent lower. Winnipeg reported that sales of more than 2,000,000 bushels of wheat had been made overnight and the seaboard indicated that considerable had been sold there, too. Cash prices were unchanged. Receipts were 7 cars. A generally better feeling prevailed in the corn pit and short covering on the strength in wheat advanced prices around 1 cent where the market held at mid-session. Trading was not large as most of the interests were watching the wheat pit. The cash demand was better and receipts were light. Cash prices were % cent higher. Receipts were 78 cars. Oats exhibited a better tone in sympathy with the other grains and at mid-morning had a good fractional advance. There was also a better feeling in the cash market. Trading was quiet. Cash prices were % cent higher. Receipts were 10 cars. Chicago Grain Table —June 17WHEAT— Prev. Open. Hisrh. Low. Close, close. July.. .96% .98 % .96''# .98% .96 1 -* SCDt.. .99% 1.01 % .99% 1.01% .93% Dec... 1.03% 1.05% 1.03’i 1.05% 1.02% CORN— July.. .75 .76% .75 .76% .74% Sept.. .75 .76'/# .75 .76 .74% Dec... .69% .70% .69',a .70% .68% OATS— July.. .35% .36% .35% .36% .35% Sept.. .36% .37% .38% .37% .36% Dec... .40% .41 .40 V# .41 ,39V* RYE— July.. .49'% .52 .49'% .51% .49 Sept.. .54 .56% .54 .56 .53% Dec... .60 .62 % .60 62 .59% LARD— July . 9.37 9.52 9.37 9.52 9.32 Sept.. 9.40 Oct 9.62 9.45 Dec... 9.40 9.65 9.40 9.57 9.30 BELLIES - July. 14.12 14.25 14.12 14.25 14.35 Sept. 13.60 13.60 13.52 13.52 13.80 Pli Times Rperinl CHICAGO. Jure 17.—Cnrlots: Wheat, 22; corn. 211; oats. 39; rye. 1. and barley. 2.
Local Wagon Wheat
Citv (train elevators are paving 85c for No. 2 red wheat and 83c for No. 2 hard wheat. NEW YORK COFFEE RANGE High. Low. Close. January 7.07 7.00 7.06 March 6.98 6.91 6.92 July 7.68 7.55 7.5 b September 7.54 7.45 7.45 December 7.28 7.20 7.22 INTRODUCES BANK BILL Senator Glass’ Measure Calls for Many Changes in Laws. Itu United /‘rrxx WASHINGTON, June 17.-Sena-tor Glass (Dem., Va.) introduced today his long expected bill to reorganize the national banking system. The measure provides many elemental changes in the banking laws, including authorization for state-wide branch banking, restriction of chain banking and limitation of loans by national banks for speculative purposes. EIELSON TO BE HONORED Peak in Alaskan National Park to Be Named for Flier. fit; United Pres* WASHINGTON, June 17.—A mountain in Mt. McKinley National park in Alaska will be named for Carl Ben Eielson, noted aviator who lost his life during a rescue flight foom an Alaskan base to the stranded trading ship Nanuk last year, according to provisions of a bill signed today by President Hoover.
[JF WILD INffISTMIM CO j “Leaders of Industry” j Shares A Fixed Trust j 129 E. Market Lincoln (Ms 4
James T. Hamill & Company BROKERS Indiana polls MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bldg. Tel.. Riley 5493—Riley 5494
R.H. Gibson & Cos. Members Km tOttK. CbUaf end CinnmmeSt Stack Bxckentu 320 Circle Tower Indumapolie T*L Lkscola 2341 61 Broadway NEW YORK SOI Dixie Terminal Bldg. Ciadsuti
