Indianapolis Times, Volume 42, Number 40, Indianapolis, Marion County, 26 June 1930 — Page 16

PAGE 16

WHEAT MOVES UP ON STRONG FOREIGN NEWS Heavy Buying by Commission Houses Absorbs All Selling Orders. Bu Unit'd Pren* CHICAGO, 26—Throwing the bears upon the defensive, the wheat market moved sharply higher on the Board of Trade today, closing with good gains. Buying was heavy with commission house absorption removing all selling orders as they appeared. The change in sentiment was marked with the sharp reduction in open contracts encouraging buyers. Com finned up late with wheat and oats was steady. At the close, wheat was 2 % to 3'i cents higher, com was %to % cent higher and oats was unchanged to V cent higher. Provisions were strong to sharply higher. Some selling just before the close caused Liverpool to ease from the best prices, but the market closed strong % to ~/a cent higher. Neither new nor old crop United States wheat was offered abroad. There were some foreign bids in the market slightly under present leevls. Cash prices were unchanged. Receipts were eleven cars. Corn was firm early on buying due to the strength in wheat, but sold off sharply on selling by locals and some severe pounding of December by several operators. That month hit anew low at 66% cents. The market showed very little disposition to rally, and at mid-ses-sion prices still were fractionally off. There was no tom offered by the country on the recline, but the good shipping demand was maintained. Cash prices were % cent higher. Receipts were 52 cars. Oats was steady at the outset but met local selling and eased fractionally. Price changes were of slight significance and at midmorning were in the minor fractions down. Cash interest did most of the buying as has been the cast recently. Cash prices were unchanged. Receipts were 14 cars. Chicago Grain Table —June 26 WHE* T Prev. men. Hieh. Low. Close, close. July.. .i9' .92*4 .88% .91*4 .88 s , Sept.. .92*2 .95% .92'/, .95 .92'/, Dec... .98% 1.01% .97% 1.00% .97% CORN— July.. .74% .75’, .73% .75% .74% Sept.. .73% .74% .72', .74 .73*, Dec... .68% .69 .66% .68% .68% OATS— July.. .35% .36 .35% .35% .35% Sept.. .36’, .36% .36%, .36% .36% Dec... .39% .39% .39% .39% .39% RYE— July.. .45% .47 s , .45*, .46% .44% Sept.. .50% .52*4 .49% .51% .49% Dec... .56% .58*4 .55% .57% 55% BELLIES— July. 13.00 13.32 13.00 13.32 13.00 Sept •••• 12.37 12.30 Bu Timm Soecial CHICAGO. June 26.—Carlots: Wheat. 6: corn. 52; oats. 22. and barley. 3. B’l Unit'd Prc* * _ . . , CHICAGO. June 26.—Cash (train close: Wheat—No. 2 hard. 90c. Corn—No. 2 mixed. 77tic: No. 3 mixed. 76%c: No. 1 yellow. 78%78%c; No. 2 yellow. 78®78%c; No. 3 yellow. 77%fa;78c; No. 6 yellow. 74fa 75%c; No. 2 white. 81c; No. 3 white. 80c. Oats—No. 2 white. 38%fa 39%c: No. 3 white. 36fa37*/c; sample (trade. 33%c. Rye „None Bariev—46fa 56c. Timothy S6.sofa 8. C10ver—59.75*7:17.25. Bu Unit'd Prr'g TOLEDO. June 26.—Grain close: Wheat —No 2 red. 95fa96c. Corn—No. 3 yellow. 81 fa 83c. Oats—No. 2 white. 42'dfa44'jc. Rye—No. 2. 75c. Barley—No. 2,58 c. Clover —Domestic, cash. $12.30: prime choice. 312.60; October. $12.90; December. $13.15. Alslke—Cash. $11.20; October. $11.50. Butter—Fancy creamery. 371/38c. Errs Oountrv run, 20®22c. Hay—Timothy. $1.25 ewt.

New York Bank Stocks

—June 25Bid. Ask. America 91 94 Bank of United States 38'i 39‘i Bankers 114 11* Brooklyn Trust 650 660 Central Henover 314 317 Chase Nat.onal 117 118 Chatham Phoenix Natl ... 99 101 Chemical 59'i <>o|,* Cltv National 123 124 Vi Corn Exchange 160 182 Commercial 395 410 Continental 25 26Vj Empire 68 70 First National 4.400 Guaranty . 5 ?5,, Irving 44‘k 444:, Manhattan & Cos. 98*,2 lOO 1 * Chelsea 34 38

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Thursday. June 26. $3.098.000. debits. $6,393,000. CHICAGO STATEMENT fly United Free* CHICAGO. June 26—Bank clearings. $86,800,000; balances. $4,900,000. NEW YORK STATEMENT fly United Pret* NEW YORK. June 26.—Bank clearings $1,380,000,000; clearing house balances $179,000,000 Federal reserve bank credit balances. 6145.000.000. TREASURY STATEMENT Bw United Pres WASHINGTON. June 26.—The treasury ► on June 24. was *358.077.669.31. customs receipts for the month to that CANAL SUICIDE LAID TO UNEMPLOYMENT “Out of Work, Despondent,” Note Left by Frank Land. Bodv of a white man who ended his life in the canal near West street after leaving a suicide note, was recovered this afternoon by motor policeman Tony De Bar and Charles Johnson. The man's coat, vest, a bottle of poison and a farewell note were found on the canal bank, causing police to start dragging. The body is that of Frank Land, 168 North Blackford street, police say. The note read: "I am despondent over work. My body will be in the canal or White river."

SHELBY FARMER HELD ON LIQUOR CHARGES Charles Pool Gives $2,500 Bond in Federal Court. Charged vith possession of liquor and nuisance, Charles Pool, farmer, living near Shelbyville, was arraigned before John W. Kern, United States commissioner today. Pool provided bond of $2,500. Testimony showed investigators from the Indiana attorney-general's office purchased liquor from Pool. While in the vicinity of Pool's place, agents said they found a 150gallon still in operation on Blue creek. They said they were fired, on front ambush but could not apprehend the assailants. They have learned who owns the still, they

New York Stocks "(By Thomson & McKinnon)

-June 26- pifv Railroad*— High. Low 11.30 close. Atcibson 201% 196* t 197% 298 I Atl Coast Line. *5?., Balt tl 0hi0....101 99% 99% 100',, Chesa dr Ohio.. 172% 172 172 172 Chesa Corp 5|% 51* Chi Grt West.. - ** Chi N West 67% 67% 67% 66 C R I dc P ;iil . Del Ldr W . . IlfI’* 1 ’* Del dr Hudson. .148 117 147 143% Erie 36% 36 s * 36 ;4 36% Erie Ist ptd sf'* Qreat Northern * 72 4?, Oulf Mob dr Oil W% Illinois Central H* s li. Lou dc Nash •• - 44 M K dr T 34% 33% 34 33. Mo Pacific 58 N °Y** . 154% 154 154 1 % NY* 1 N Nor Pacifc ...217 215 215 68% Norfolk 8: West .. • 215% O dr W 9 Bs.8 s . 9 9 Kfflc :::-:. :: ::: 102 . Southern Ry ... 97% 96% 96% 97 St Paul % 12% 12% 12% St Paul pfd 21 a 21,. at r jfc s p .... ... ®0 89 Union Paciflc .. 205 203 203% 202 WahAJih ... . . . • - 32 , p W Maryland ... 22% 20*, 22 20 West Paciflc 18 * Equipment*—■' Am Car & Fd.v <3 Am Locomotive 49 49 Am Steel Fd 35 s * 36% Am Air Brkae 8. .. 42 42 Gen Am Tank .. 82% 80% 80% 81,* Oeneral Elec ... 66 5 , 65 65% 65% Oen Rv Sißnal.. 76% /6 <6% 77 Lima Loco •• • z ? Man El Sup 8 N Y Air Brake 39 Press Stl Car •••,, % Pullman 63% 63 63*2 62 Westlnßh Ar B 38 3Y, Westlnßh Elec .133% 129% 131% 131% Rubbers— Firestone 20 Risk ; . . ... ... 2 % Goodrich 26% 26 36% 23 Goodyear 60 58 8 60 Kelly Sprßfid 3% 3,* Lee Rubber 5 4% U S Rubber 21% 20% Motors— Auburn 104 98 Chrysler 25% 24% 24% 25% Gardner ~ • •• ■ z % Graham Paige.. s’,* 5% 5% 6 General Motors. 40% 39% 39% 40% Hudson 27 28 Hupp 14 13% Mack 51% 49’, 49’/* 51 Marmon ‘2. Nash 31 30% 30% 30% Packard 13% 12% 12% 13 Pierce-Arrow 19 Reo 8% 8% 8% 8% Studebaker 23 25% Yellow Truck .. 25 23% 24% 24 Motor Access — Am Bosch 28% Bendix Aviation. 29% 28% 29% 28% Borß Warner .. 25t 4 75% 25% 25'/, Brißgs 16% 15% 18 15 Eaton 20V, 19% El Storage B 61% Hayes Body ... 6% 6*/ Houda 10% 10% Motor Wheel 22'/, Sparks W ... 16 15 Stewart Warner. 19 s , 19% 19*7 19% Timkln Roll ..... ... 61 60% Mining— Am Metals 31% Am Smeß 55 54 54 54'/, Am Zinc ....... 8 7% 8 7% Anaconda Cop.. 47% 46% 46% 46->/ Cal & Hecla.. .. 14'/, 14% 14% 14% Cal & Arlz 50% ... Cerro de Pasco 44% Freeport Texas.. 38% 38 38 38 Granby Corp ... 19% Great Nor Ore 18% 18% Howe Sound ... ... 25% Int Nickel 24% 23% 24 2o>* Inspiration 13% Kennecott Cop.. 38% 37% 38% 35% Magma Cop 31 32 Miami Copper 16 Nev Cons 16% 16'/, 16'/, 15’/, Texas Gul Sul.. 51% 50% 50% 50 U 8 Smelt.... 18 17% 17% 17% Oils— Amerada 22'/, 22 Am Republic .. 16 Atl Refining 34 34 Barnsdall ...... .. ... 21*/, 21 Beacon ... 13% Houston 69% Ind Oil 20% 20% Indian Refining. 11 10'/, 10% 10 Lago Oil 23 23% Mex Sbd 18% 18% 18% 17% Mid Conti 23 Pan-Am B ... 56 55% Phillips 31 30% 30% 30% Pr Oil & Gas.. 36% 36/, 36'/, 36% Pure Oil 20 20 Richfield 15% 15% 15% 15V, Royal Dutch ... 51% 51% 51% 51% Shell Un 18% 18% 18’/, 18% Simms Pt 20 20'/, Sinclair 21 20% 21 20% Skellv 28% 28% Standard of Cal 59'/, 58% 58% 58% Stand of N J .. 63% 62% 63 62% Stand of N Y. 30V, 30% 30% 30'/, Texas Cos ....... 51 50% 50% 50% Union Oil 38 Steel,— Am Roll Mills... 53% 53% 58% 52% Bethlehem 79% 77% 79% 77% Bvers A M 72Vi 70 s , 70% 70% Colo Fuel 46% 45% 46% 45 Cruc Steel 72'/, Inland 68 66 Ludlum 23% 22% Midland 21% Newton 28% Repub I& S 39% 39% 39% 38% U S Steel 156% 154% 154% 155% Vanadium 79 75'/, 77% 78% Younest S& W 32% 33 Youngst 8 & T.. 115 Am Tobacco (A) .227 225 225 Am Tob IB)... 232 230 230 227% Con Cigars 37 General Cigar... 46 45% 45% 40% Llg & Myers 8.. 89% 88 88 85% Lorlllard 17’/, 17% 17% 16% Phil Morris 9% 9% Reynolds Tob... 47% 47% 47'/, 46% Tob Pr A 10 Tob Pr B 3% United Cig 6% Utilities— Abitlbi 26% 26 26 Adams Exp 23% 23 23 23 Am For Pwr .. 63% 61% 63 62 V, Am Pwr & Li 76 75 AT&T 207", 204% 205% 204% Col Gas & E 1.... 62 59% 59% 60% Com & Sou 13% 13'/, 13% 13'/, El Pwr & Li 65 V, 63% 64% 63 Gen Gas A 9% 9% 9V, 9 Inti TANARUS& T 42’/, 42% 42% 41% Natl Pwr & Li.. 25 34% 34% 33% No Amer Cos .... 97 ,94V, 95 96 Pac Gas &El .. 57 54% 54% 54V, Pub Ser N J ... 91% 89% 89% 91 So Cal Edison.. 55 53% 53% 52% Std G& El 88 V, 87'/, 87% 88% United Corp 31% 30 30 30V, Ut Pwr & L A.. 31 30% 30% 30% West Union 158 * 155 158 154'/, Shipping— Am Inti Corp .-. 31 30 Inti Mer M pfd 19% No Gm Lloyd 48 % 48% United Fruit ... 87% 87% 87% 85 Foods— Am Sug 48% 47% Armour A 4% 4% Beechnut Pkg 50'/, Cal Pkg ... 62% Can Dry 58% Childs Cos 51% Coca Cola 170 169 170 165 Cont Baking A 19% Corn Prod 93% 93 93 V, 92% Cudahy Pkg ... 39% 38% 39V, 38% Cuban Am Sug 5% ...

On Commission Row

FRUITS Apples—Basket: Winesap. $3.25: Ben Davis. $2. Boxes: Stayman. $3.75@4; Winesap. s3® 3.50. Barrels: Ben Davis. $5.50: Winesap. $7(38.50: new Yellow Transparent. $3.50(34.50 a bushel. Apricots—California Royal. 52.7553.25 a 20-pound crate. Melons—Cantaloupes. California, standards. $3.25 a crate: ponies. $2.50(32.75: Jumbo. 53.5053f75: Honev Dew. $5 50 a crate. Watermelon. 26-pound average. SOc Ssl each Cherries—California. 8-pound box. $3.25: Indiana. 24-auart crate. $4.50. Dewberries—North Carolina. $6 a 32ouart crate. Grapefruit—lmperial Valiev. $6(37.25 a crate. Huckleberries—s7.so a 24-quart crate. Lemons —Fancv California. $7.50418.50 a crate. Limes—Dominican. $2.50 a 100. Peaches—Georgia. $2 a one-half bushel basket; 6-basket crate. $3113.50. Oranges—California Valencia. s6®9 a crate. Pears—Avocado. California. $8 #9 a dozen. Pineapples—Cuban. $3.25®4 a fate. Plums—California. $2(32.75 a 2\ -pound crate. Raspberries—Red. California. $5 a 24-pin: crate: black. $3.50. Strawberries—24-quart crate. Marion countv, $69 7; Michigan. $3.75 a 16-quart crate. VEGETABLES Asparagus—Home-grown, long green. 75 @9oc a dozen bunches: white. 65c. Beans—Southern stringless. $ I <31.50 a hamper: wax. $1.25 a Climax basket. Betts—Louisiana, new. $1.50 a bushel: home-grown 40c a dozen bunches. Cabbage—Home-grown, new. $4 a barrel Carrots—Louisiana. $1.75 a bushel: Indiana. 40c a dozen bunches: California. $3.75 a crate Cauliflower—Homa-grown $232.50 a bushel. Celerv —California. $8.50 a crate of 4s: Florida, washed. $132 a bunch. Corn—Roasting ears. Alabama. 22.25® 2.50 a 5-dozen crate. Cucumbers—Home-grown, hothouse. 65® 90c a dozen. Kale—Home-grown. S?c a bushel. Lettuce—California, iceberg: $4 a crate of 4s. ss: extra fancv Marion county leaf. 75c a 15-pound basket. Parsley—Southern. 65970 c a dozen bunches. Peas—Telephone, home-grown. $2.50 a bushel. Peppers—Mississippi. $2.50 a hamper. Pickle—Southern. $2 a hamper. Radishes—Hothouse, button. 40s a dozen bunches: lone, red or white. SOc. Rhubarb—Home-crown. 65c a dozen. Soinach—Home-grown. 65 a bushel. Tomatoes—Texas. 30-pound lue. $2.25: Marion countv hothouse. $1.50 a 10-oound basket. Turnips—New, $3.50 a bushel: Marios countv. 45c a dozen bunches. Potatoes—Maine Round Whites. $5 a 150oound

Gen Foods 53% 52% 53 52% Orand Union ... 11% 11% 11% 11 Hersey ?4 Jewel Tea *2 Kroger 22% 22% 22% 22% Nat Biscuit 74% 74% 74% 73% PllUbury 27% 27% Safeway 8t 76% Std Brands 18% 18 18 18 Ward Bkg 7% 7% Drugs— Cotv Inc 18 17% Lambert Cos 79 78% 79 77% Lehn & Fink ... 24 23% 24 22% Industrials— Am Radiator... 2t% 24 24% 23% Bush Term 31 Certalnteed 5% 5% Gen Asphalt ... 41 40% 40% 40 Lehigh f?ort 32 s , Otis .... 58 57% 58 58% Indus Chem,— Allied Chem ...250 246 246 246 Com Solv 22% 21% 22 21% Union Carb .... 66% 64% 66% 6*% U S Ind Alco ... 64% 62 63 62 Retail Stores — Assoc Dry Gds.... ... ... 32% Gimbel Bros 11 11 Kresge S S 27 27% May D Store 44 Mont Ward 33% 32 % 33% 32", Penny J C ... 49% 49 Schulte Ret St 6% 6% Sears Roe .... 63 62% 62% 61% Woolworth 54% 53% 53% 52% Amusements— Bruns Balke .. 14V, 14 14 14 V, Col Graph 18% 18% 18 s , 18'/, Croslev Radio 10% Eastman Kod ..191 186% 190% 183 Fox Film A 41% 39% 40*/, 40% Grigsby Gru 15% 14’, 15% 15% Loews Inc 63% 60% 63 61% Param Fam .... 54% 53 54 53% Radio Corp .... 36 34% 35% 35% Schubert 12 V, R-IC-O 30% 28% 29% 23% Warner Bros .. 41% 39 s , 40’, 40% Miscellaneous— Airway App 17 17 City fee &Fu 38V, 33% Congoleum 11 10% Amer Can 115% 113% 114% 113', Cont Can ...... 52 51 % 52 51 % Curtiss Wr .... % 6% 6% 6V Gillette S R.... 69% 69 69 68% Real Silk 38% 39% U S Leather A 16

The City in Brief

FRIDAY EVENTS Federation of Community Civic Clubs, dinner. Chamber es Commerce. Exchange Club, luncheon, Lincoln. Optimist Club, luncheon. Claypool. Altrusa Club, luncheon. Colombia Club. First Ward Republican Club, 8 p. m., Clark's ball. Knights of Columbus, luncheon, SpinkArms. Phi Delta Theta, luncheon. Chamber of Commerce. Master Printers’ Association, luncheon. Elks’ Club. Reserve Officers’ Association, luncheon, Board of Trade. Delta Chi. luncheon, Spink-Arms. Annual Parke county reunion will be held Sunday at 1 p. m. at Garfield park. Miss Mary Janes Morris, 2922 North Delaware street, is the Butler university delegate to the Kappa Alpha Theta convention at Toronto, Canada, July 3 to 7. Dr. Amos W. Butler of Indianapolis will speak at the second summer chapel service of Butler university Saturday at 10 a. m. on “Mental Hygiene.” A joint committee of the Great Lakes and Ohio river boards of engineers to outline a program of stream pollution prevention will be held at state board of health headquarters in the statehouse annex Saturday, it was announced by Dr. William F. King, state health director and chairman of the Great Lakes organization. Fourteen states are represented in the two organizations, King said. Indianapolis public utilities have been asked to fix manholes to elimniate needless noise, E. Kirk McKinney, works board president, anno’inced today. A letter was, sent all utilities, asking co-operation. Boyd M. Ralston, Indianapolis attorney, spoke on patronage of homeowned stores and industries at a mass meeting called by the League of Home-Owned Industries at Brookside park Wednesday night. Several thousand attended. H. F. Stewart, president of the league, presided. A number of prizes were awarded. A dinner was given for the members of the Indianapolis League of Herd of Hearing in the Brookside community house Wednesday night. A class in lip reading was conducted by George B. Katzenberger, executive secretary. Fall and winter exemplification of Scottish Rite degrees at the cathedral here will be pushed forward by Clarence R. Greene, who was appointed by John F. Engelke, thrice potent master, to head the Marion county committee. Carl Lenz is vice-chairman. A first section will start through the degrees Oct. 10. A circus and lawn fete will be given at Askren's grove, two and a half miles east of Emerson avenue on East Twenty-first street Friday night by the Old Bethel M. E. church Epworth league.

In the Air Weather conditions at 9 a. m.: West wind, 17 miles an hour; temperature, 71; barometric pressure, 29.77 at sea level; ceiling 2,500 feet; visibility, 7 miles; field, good. Arrivals and Departures Mars Hill Airport—Embry-Riddle passengers to Chicago included C. M. Ahlene, Chicago, and Ray Martz, 223 North Capitol avenue; passengers from Indianapolis to Cincinnati were B. Hagmeyer, Mrs. F. Hatton, Henry D. Dugger and H. S Chapman, all of Cincinnati. Hoosier Airport—H. C. Brooks, of Hoosier airport staff, returned from Louisville, Travel-Air, Arthur Chevrolet, passenger; Wiliam Williams, Huntington to Indianapolis, Invincible plane. Capitol Airport—Leo Appleton, Crown Point to Indianapolis and return, Waco; M. H. Katzsue, Canton, 0., to St. Louis, Stinson. Building Permits M. Epperson, repairs. 1943 West Vermont. $2lO. William Chambers, repairs. 3116 Highland Place S3OO. George Baker, repairs. 2038 Winter. SIBO. Marion Van Ausdell. dwelling and garage. 4530 Manlove. $2,750. Rov Huffman, garage. 250 West Thirtyeighth. $250. City of Indianapolis, police station repairs. $16,200 K. W. Hadley, garage. 445 Guilford. $450. Allen Fierce, reroof. 1932 West New York. S2OO. Albert Miller, garage. 2034 Winter. $330. Fred Palmer, garage, 522 Buchanan. S2OO. Roy Knapp, repairs. 1050 Congress. S6OO. Ida Manship. garage. 6551 Purge son, S2OO. DISCUSS RAIL MERGER Great Northern-Northern Pacific Move Postponement Likely. B United Press NEW YORK, June 26.—Conferences regarding the noposed Great Northern-Northern Pacific merger were held here today, but no statement was made by the deposit committee following the discussions. In view of the many obstacles involved. it was reported today that the committees havfe agreed upon a postponement.

THE INDIANAPOLIS TIMES

PORKER MARKET 5 CENTS HIGHER AT UNIONYARDS Stronger Trend Apparent in Cattle Trade; Sheep Unchanged. June Bulk. Top. Receipts. 19. $19.00 $lO.lO 5.000 20. 9.75 9.80 6.509 21. 9 65 9.65 3.500 23. 9.50 9.55 9.000 24. 9.10 9.10 9 000 25. 9.10 9.15 7.000 26. 9.13 9.20 5.000 Slight strength was apparent in hogs this morning, prices for the most part being up 5 cents at the city stockyards. The bulk, 160 to 300 pounds, sold for $9.15; top price paid was $9.20. Receipts were estimated at 5,000, holdovers were 377. Slaughter classes were strong to higher in the cattle market, receipts were 250. _ Vealers showed strong tendencies with prices 50 cents up at $10.50 down. Calf receipts were 550. Sheep were steady, receipts 1.100. Better grade lambs brought $lO to sll. Chicago hog receipts were 30,000, including 11,000 direct. 7 Holdovers were 6,000. The market opened slow, generally asking steady. Early bids and sales were weak to 10 cents lower; $9 bid on several loads and paid for a load of 190 to 270-pound weights. Cattle receipts were 5,000, sheep %000.

—Hoe,— Receipts. 5,000; market, higher. Heavies. 800 lbs. up $ 8.75® 9.15 250-300 lbs 9.15 Med. wts.. 225-250 lbs 9.15® 9.20 200-225 lbs 9.15® 9.20 Lieht wts.. 160-200 lbs ... 9.15 130-160 lbs 8.75® ®-22 90-130 lbs 8.25® 8.75 Packing sows 7.75® 8.50 —Cattle— Receipts, 250; market, steady. Beef steers. 1,100-1.500 lbs.. good and choice $ 2 Common and medium 6.50(0) 9.50 Beef steers. 1.100 lbs. down. good and choice 2 - 22@*i’S2 Common and medium 6.00® 9.00 Heifers. 850 lbs. down, good and choice §’22fl*2’22 Common and medium 5.00® 8.00 Cows, good and choice 6.50® Common and medium 6.75 @ 8.00 Low cutter and cutter cows.. 2.50® 4.75 Stocker and feeder steers, good „ .. and choice 7 -?0@ 9.90 Common and medium 5.00® 7.00 —Vealers— Receipts. 550; market, higher. Medium and choice $ 8-00®10.50 Cull and common 4.50® 8.00 —Sheep— Receipts. 1,100; market, steady. Lambs, good and choice *20.00® 11.50 Common and medium J-bOfaUO.OO Cull and common l.jjo™ j-li Ewes, medium to choice .... 2.70® 4.00

Other Livestock fly United Press CHICAGO. June 26.—Hogs—Receipts. 30.000; including 11.000 direct: opened steady to 10c lower; later trade mostly steady: top. $9.10; new low since January. 1929: ’ packing sows active at 10®>15c higher prices; butchers, medium to choice 250-350 lbs.. $8.5Q®.9.50; 200-250 lbs.. $8.75 ®9.10: 160-200 lbs., $8.75(3,9.10; 130-160 lbs.. $8.80®9.05; packing sows. $7.50®8.20: pigs, medium to choice. 90-130 lbs.. $7.70f/ 8.75. Cattle—Receipts. 5.000; calves. 2.000: general trade strong to 25c higher; most killing classes sharply higher than Monday. many better grade weighty bullocks being 75c or more up; small runs a stimulating factor; top. $12.65; slaughter classes steers, good and choice. 1.300-1.500 lbs., $10.75(8’12.75: 1,100-1.300 lbs.. $10(8 12.75; 950-1.100 lbs.. $10(812.25; common and medium, 850 lbs. up. $6.75® 10.75: fed [email protected]: cows good and choice. $7(89.25: $9.75(811,75; heifers, good and choice. 850 lbs. down. $9.50(811; common and medium. $6.25(3 9.50; good and choice. $7(89.25; common and medium. $4.75(87; low cutter and cutter. $3.50(84.75; bulls, good and choice beef. $6.40(88.25; cutter to medium. $4.75(8 6.40; vealers. milk fed. good and choice. $9.50(811: cull and common, $6(3 8.50: stockers and feeder steers, good and choice, all weights. $8.50(810; common and medium. $6®8?75. Sheep—Receipts. 6.000; better grade fat lambs around steady, others slow, weak to unevenly lower: bulk sorted natives, $11.50(311.75; sheep steady, desirable handyweight fat ewes. $2.75(8 3.50; lambs, good and choice, 92 lbs. down. $11(312.50: medium. $9(311: cull and common. $6.50(3 9: ewes, medium to choice. 150 lbs down. $2<®3.75; cull and common. $1 <82.75. fly United Press EAST ST. LOUIS. EL, June 26.—Hogs— Receipts. 8.000; market, fairly active; mostly steady to 5c lower; bulk 150-260 lbs., $9(89.10; bulk sows $7.75(87.90; few. SB. Cattle—Receipts. 1.300. Calves—Receipts, 800: market, steers and heifers, steady to strong: cows. 25c higher; vealers 50c higher at $11; other classes steady. Sheep—Receipts, 3,000; market, no early sales: Indications about steady; asking $10.75(311 for most native lambs and upward to $11.50 for graded lambs. fly United Press EAST BUFFALO, N. Y., June 26.—Hogs —Receipts, 1,200; holdovers, 100; market, generally steady with Wednesday’s average; bulk 160-240 lbs. $9.65(39.75; a few 240 to 280 lbs. and most 120-150 lbs.. $9.50 <89.65; Pigs, $9.50; most sows. SB. Cattle— Receipts, 175; market, steady; mostly cows; few beef cows, $5.50(86; cutter grades. s3<Bs. Calves—Receipts. 150; market. steady; good to choice vealers. sll® 11.50; plainer kinds. $8.50(310.50. Sheep— Receipts, 800; market, steady; better grade of lambs, largely sl2@ 12.50; a few, $12.75; common to medium, S9®U.SO; fat ewes $2.50@3. By United Press FT. WAYNE. Ind.. June 26.—Calves— Receipts. 50; hogs. 500; sheep. 100. Hogs —Market steady; 90-130 lbs., $8.50; 130-150 lbs.. $8.60; 150-160 lbs.. $8.75; 160-180 lbs.. $8.90; 180-200 lbs.. $9; 200-225 lbs., $8.90; 225-275 lbs., $8.80; 275-350 lbs., $8.70; roughs. $7.50; stags, $5.50: calves. $10; spring lambs, $10.50; yearling lambs. $6.50 @7, By United Press CINCINNATI, June 26.—Hogs—Receipts. 3.179: including 1.179 direct; heldover, 170: slow, mostly 10 cents lower on butchers, 170 lbs. up; lighter weights steady to weak; spots. 25 cents lower: sows steady; bulk better grade. 170-250 lbs.. $9®9.25; mostly $9.25 on weight averages below 240 lbs.; few lots. 280-300 lbs., around $8.75; desirable. 120-160 lbs., largely $8.75; some, 160-170 lbs.. $9; sows. $7.50(38: bulk. $7.75. Cattle—Receipts, 150; calves. 225; not enough to make a market; largely clean up trade on catch bid basis; vealers. steady to 50c higher: better grade light kinds showing advance; odd lots of common and medium fat heifers, $6(87.50: few beef cows. ss®6; low ..utters and cutters, $2.50 @4: bulls, largely $5.50(36.25; few weighty offerings up to $7; good to choice vealers. $9(310.50; heavies, mostly $9; undergrades. [email protected]. Sheep—Receipts. 1.500; better grade lambs, mostly 35 cents lower; lower grades largely 50c off; inferior kinds In instances. $1 lower: sheep scarce about steady; bulk good and choice lambs, $10.25 (311: common and medium. $6.50(3 7.50: inferior and skippv lambs, downward to $4; best light ewes, quotable at $3.50; mostly $2.50@3: on good kinds, with culls downward to sl. By United Press PITTSBURGH. June 26.—Hogs—Receipts'. 750; holdovers. 450: market, unevenly lower: good and choice. 150-210 lbs.. $9.60 (8 9.65: 220-260 lbs„ $9.25®9.40: 260-300 lbs.. $8.7539.25: pigs. $8.75459: rough sows. $7.50® 7.75. Cattle—Receipts. 25; market, steady; cutter and low cutter cows. *3(Ok 5. Calves—Receipts. 25; market. 50c higher; top vealers. sll. Sheep—Receipts. 500; market, steady: native fat lambs. sß® 11.50; yearlings, s6®B. fly United Press CLEVELAND, June 26.—Hogs—Receipts. 1.200; holdovers, 60; mostly 5c lower; most bids 10c off; unsale. 150-210 lbs.. $9.35; 250 lbs. butchers, $9.25; 250-300 lbs.. $9.15; packing sows. $8; stags, $6. Cattle —Receipts. 350; killing classes slow, weak; common to medium steers. $6.75(38.75; fat cows. $4.75®6: cutter grades. $3®4.25; sausage bulls. SS®6.AO; few up to $7; calves, receipts, 400: good to choice vealers. active and strong, mostly sl2® IS; medium kinds, $9®10.50: grassy offerings, $8.25®9. Sheep—Receipts, 900; firm: active and strong: good to choice lambs. $11.50®12; best, $12.50; cull to good yearlings. s6®9; fat ewes, $2.50@3; wethers. $4 and down.Bw Times Special LOUISVILLE. June 26.—Hogs—Receipts. 600; market 10c lower; 250 lbs. up. $8.40: 185-250 lbs.. $9: 130-165 lbs.. $8.20; 130 lbs. down. $6.50: roughs. $6; stags. $5.40. Cattle—Receipts. 200: market steady; prime hearv steers. $9.50® 10.50: heavy shipping steers. sß® 9.50; medium and plain steers. *7®B: fat heifers. *6®9.50; good to choice cows. $5.50®6.50; medium to good cows s4® 5.50: outers. 53.2594: canners. s2®3: culls. s4®*: feeders. $6.50®8.50: stockers. ss® 6.50. Calves—Receipts. 200: market. 50c higher; tops. SB®B.SC: good to choice. $6.50®8: medium to good. $5®6.50: outs. $4.50 down. Sheep—Receipts. 3.000: market 50c lower; ewe and wether lambs. *11: choice car. lahiog. $1145® 11.50; buck lambs. *10: ..econdi ss.so®*. clipped clanje. if; wives', aoneflehewl

t stock* prices," earnings and" dividends >--y 1 a % in ttconioi m. nan. f\ 500 ■•— AM. SMELT. A RET. IKT. TEL. A TEL. ————— . f-V > amkbtcam tel.A TEL. MASH MOTORS { / 1 s BALTIMORE A OEIO RATIOUAL BISCUIT / 1 • - BURROUGHS ADDIIS3 KSK TORE C2K7SAL ■■■■ ■■ / * — \ COM PRODUCTS RET. PACIARD MOTOR ' J 1 /V J GSKERAL ELECTRIC PARAMOUNT PUBLIX I* “ 1 / \ 400 ———— GESERAL FOODS FBRMSTLTAIOA R. *. ‘ ■ j 1 f 1~ CSHERAL MOTORS FOB. SERVICE OF V.J. 1 / I GEMERAL KT.SIGIAL STTOBBAEER COST. /■ \ r - ■ GILLETTE SAFETT U 2. TKUS GOLF SULPHUR ——... . ■ V ■" HUDSOX MOTOR UHOX CARBIDE f CXITED STATES STEEL /\/ 300, — -t L -/ —r — 1 V- .• \ ;\ • *•* \ 2001 \ — V 100 V * 1924=100 I- - 1925 1926 1927 1928 1929 1930

The latest downward turn in the slock market, with a history of fluctuations for the past six years, is shown at a glance in this chart, prepared by Colonel Leonard P. Ayres, vice-president of the Cleveland Trust Company and noted statistician. The solid line represents the market valuation each month during the past six years of the stock of the twenty-five leading corporations listed above; the dashed line represents the net earnings; the dotted

Dow-Jones Summary

Reading Company net operating income $1,301,601 against $1,433,538 in May. 1929. Five months. $4,881,151, agianst $7,045,251. Boston & Maine May surplus $424,880. after taxes and checks, against $516,714 in May. 1929. Five months, $1,984,183, against $2,310,522. American Car Foundry Company In year ended April 30. 1930, earned $5.41 a common share against $1.03 In preceding year. LONDON—New York cables opened May 4.86. unchanged; Paris checks, 123.77; Amsterdam. 12.09; Italy. 92.765; Berlin, 20.385. Pennsylvania railroad May net operating income $9,393,964 against $13,158,749 in May. 1929. For five months, $38,186,388. against $52,783,591. National Power and Light Company in twelve months ended March 31, 1930, earned $2.23 a share on $5,437,828 common shares against $1.99 a share on 5.421,754 shares in preceding year. General Outdoor Advertising Company omitts regular quarterly dividend of 50 cents on common due at this time. Declared regular quarterly dividends of $1 on class A and $1.50 on preferred, both payable Aug. 15. record Aug. 5. Minneapolis & St. Louis May net operation deflicit $81,300 against *8.971 in 1929. Five months deflicit $172,992 against net operation income *55.334. Kansas City Power & Light May net after taxes and charges, but before depreciation $488,454 against $469,578 in 1929. Twelve months net $5,928,189 against $5,596,642.40. Federal Farm Board plans to emergency measure at this time to stabilize wheat market it was indicated at headquarters at Washington. -.Associated Gas and Electric system including newly acquired properties from dates of acquisition for twenty months ended May 31. 1930. renorted surnlus aftercharges of $18,622,132 after division of underlying companies, interest, depreciation, etc., against $8,224,755 in preceding year. Declared regular quarterly dividend of 50 cents on Class A. or 1-40 share of Class A payable Aug. 1, record June 30. Horn & Hardart Company of New York declared regular quarterly dividend of 62% cents payable Aug. 1. record July 14, and $1.75 on preferred payable Sept. 1, record Aug. 12. Sullivan Machinery Company declared regular quarterly dividend of sl, payable July 15, record June 30. Lehigh Coal and Navigation Company declared regular quarterly dividend of 35 cents payable Aug. 30. record July 31. United Gas Improvement add* to directorate Edward Hopkinson Jr.. Drexel & Cos. and J. P. Morgan & Cos. and Clarence H. Geist increasing board to sixteen from fourteen members. Mr. Hopkinson also elected an additional member of executive committee. United States Industrial’ Alcohol directors meet for dividend today. Great Northern railway May net operating income was *908.483 against $2.744,478 in 1929. Five months net, *1,582.868. against $7,876,944. United Corporation reports for period Jan. 1 to June 14. 1930. net profit $4,107,453. after expenses interest and federal taxes. Arkansas Power and light May net income *172,585 after taxes and charges against $1*8,971 in May. 1929. Twelve months ended May 31. surplus afteT preferred dividends $2,033,353 against *l,766,809 in preceding twelve months. Missouri Paciflc May net operating income $1,486,066 against $1,423,352 in May, 1929. Five months $7920.588. $8,009,157. American Tobacco special stockholders meeting July 28. to vote on proposal to split common and common B on two-for-one basis, if plan is approved directors to declare extra dividend of $4 on present stock s*'d place new stock on $o annual

Produce Markets

Eggs (Country Rum—Loss off deliverd in Indianapolis, 19c: henery quality. No. 1 21c: No 2. 16c. Poultry (buying prices—Hens, weighing 4Vi lbs. or over. 17c: under 4Vz lbs.. 17c: Leghorn hens. 14c: springers. 2Vi lbs. or over 21c; under 2V4 lbs.. 19c: Leghorn springers. 14c; old cocks. 9® 10c; ducks, full feathered fat whites. 9c; geese. 6c. These prices are for No. 1 top quality quoted bv Klngan & Cos. „ Butter (wholesale) —No. 1. 35@36c: No. 2. 33 <3 34c. Butterfat—32c. Cheese (wholesale selling price per pound)—American loaf. 31c: pimento loaf. 32c: Wisconsin firsts. 27c: Lognhoms. 34c: New York Limbereer. 36c. Bv United Press CHICAGO. June 26.—Eggs—Market, easier: receipts. 15,663 cases; extra firsts, 22c: firsts, 214 c: current receipts. 20c; ordinaries. 19(f) 20c: seconds. 18c. Butter— Market, steady: receipts. 9.575 tubs: extras. 32'/2c: extra firsts, 30'/2<3 31V 2 c: firsts. 284 #29 Vic; seconds. 26@27Vic: standards. 32c. Poultry—Market easy, receipts. 4 cars; fowls. 19<820c; springers. 28c; Leghorns. 15c: ducks. 14c: geese. 12c; turkeys. 13c; roosters. 14c: broilers. 22c. Cheese — Twins. 18Vi(317c: voung Americas, 17Vic. Potatoes—On track. 305; arrivals. 95: shipments. 1.052: market weak on sacked, about steady on barrels; southern sacked bliss triumph. $2.25; southern sacked Irish cobblesr. $1.75(32.25; North Carolina barrels Irish cobblers. $3.75(3.4.15; Virginia barrels Irish cobblers. $4.50. Bv United, Press CLEVELAND. June 26.—Butter—Market, steady; extras, 36V 2 c: extra firsts. 364 c. Eggs—Easy, extras. 23‘4c; firsts. 21 tic. Poultry—Market, steady; fowls. 23(3:24c: medium. 23(3 24c; Leghorns. 15920 c: heavy sprnigers. 25ifi30c: over 3 lbs.. 30935 c: Leghorn springers. 18®23c; ducks. 12® 20c; old cocks. 12914 c; geese, 104115 c. Potatoes —Not quoted. Bv United Press NEW YORK. June 26.—Flour—Quiet and steady; spring patents. $5.10(3 5.50. Pork —Dull; mess. s3l 50. Lard—Steady: middle west spot. $9.7541.9.85. Tallwo—Quiet; special to extra, 4V(3 sc. Potatoes Easier; southern. $1.75(3.4; Maine. $3(34. Sweet potatoes—Quiet: jersey baskets. 50c $4.25. Dressed poultry—Market quiet; tur<3 26c: ducks. Long Island. 18c. Live poulkevs. 20®43c; chickens. 174135 c: fowls. 14 try—Market, easy: geese. 11i314c: ducks. 14(322c; fowls. 194122 c; turkeys. 15(325c. roosters. 15# 17c: broilers. 16<3 40c. Cheese —Steady: state whole milk, fancy to specials, 24<326c; young Americas. 18‘[email protected]. Bu United Press CINCINNATI. June 26.—Butter—Steady; creamery in tubs lots, according to score. 303 33c; common score discounted, 2®3c; packing stock No. 1. 25c: No. 2. 16c: No. 3.12 c: butterfat. 28#30c. Eggs—Steady: cases included: fresh gathered. 234 c: firsts. 20c: seconds. 18c; nearby ungrnded. 214 c. Live poultry—Thin and coarse stock sells only at heavy discount. Fowls. 5 lbs. and over. 20c: 4 lbs. and over. l?c: 3 lbs. and over, 19c: Leghorns. 3 lbs. and over. 15c: roosters. 13c; broilers, colored over 2 lbs.. 28c. broilers over 14 lbs.. Srplw®oii n bot&ra‘ovw > £ . . .

line shows the dividends actually paid. Figuring 1924 levels as 100, one sees that stock prices rose to a high point of 533 before the great crush of 1929, while earnings only advanced from 100 to 293 and dividends from 100 to 284. “It seems probable,” Ayres says, “that the prices of good stocks have assumed a permanently higher relationship to their earnings and dividends than that which they had from 1924 to 1927. “In recent years the corporations

basis equal to *lO on old stock which is on $3 annual rate. Bank of France statement as of June 20 shows gold 44,004,000,000 francs against 43,899,000,000 on June 13. Circulation 71.486.000,000 against 71,396.000.000 and ration 51.26 per cent against 51.05 per cent.

Investment Trusts

(By James T. Hamill & Cos.) —June 26 Bid. Ask. ’Basic Industry Shares 7% 8% Corporate Trust 3hares 6% 7% Diversified Trust Shares A ... 20% ... Diversified Trust Shares 8... 17% 18% Diversified Trust Shares C 7'4 7% •Nation Wide Securities V/ 8% Fixed Trust Shares A 18% ... Investment Trust of New York 9’/, 9% Leaders of Industry 9% 10% North American Trust Shares 8% 9'/s Standard Oil Trust Shares .. 9% 9'% S W Strauss Inv Units 45 48 Selected Amer Shares 6% 7 Trustee Standard Oil Shares B 9% 9% U S Elec & Power Shares A 35 37 U S Elec & Power Shares B, 9% 9% •Ex-dividend.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, June 26. More cheerfulness seems to be in the air as denoted by morning financial comment. While the steel news continues to point out. the unsatisfactory conditions in the automobile and railway industrieis it is very encouraging with respect to pipe line and ctructural activities. Then, too, it is gratifying to note the more optimistic comment of the future by the executives of the steel corporation, amidst much of the gloom occasioned by the reports of poof business, declining earnings and reduced div'dends, the declaration of extra and increased dividends by the American Tobacco Company will serve as a tonic to drooping spirits of stockholders in general. Passing satisfactorily the requirements of the London fortnightly settlement also relieves some uneasiness on this score. A great many excellent securities appear to be scraping bottom at least for the present cycle of a bear market. The chances favor a continuation of the recovery, which set in late Wednesday.

Local Wagon Wheat

Citv grain elevators are paying 76c for No. I red wheat and 74c for No. 2 hard wheat. Marriage Licenses William Nunley. 53. of 958 North Belmont. laborer, and Emma M. Blackmore. 39. of 1041 North Belmont. William C. Stafford. 24. of 509 Division, pharmacist, and Florence M. Bishop. 22, of 322 Sanders, clerk. William J. Swisher, 24. of 2567 South California, salesman, and Marjorie B. Whiteside. 21, of 2567 South California, clerk. Floyd L. Searcy, 29, of 1205 Naomi, clerk, and Pleasant C. Sarver, 19. of 62a East Fifteenth. George W. Weller. 22, of Lock Lake. N. D.. farmer, and Agnes J. Nyberg. 20, of 4402 East Sixteenth, seamstress. Alvah F. Rich. 29. of South Bend dentist, and Beatrice Chasey. 26. of 2901 North Delaware. Charles E. Hammel. 40. of 1427 Marlowe, clerk, and Ruth E. Dale. 27. of 319 East St. Clair, clerk. Richard H. Meyer. 23. of 1424 South Tibbs, salesman, and Frances Chamberlin. 23. of R- R. C. Box 680 M. stenographer. Henry W. Koepper. 41. of 1045 Willow Drive, photographer, and Bessie B. T. Fouty. 55. of 48 North Hawthorne. Births Girls „ Niels and Marie Jensen. 638 North ° Asa d and Myrtle Tracy. 2854 Adams Robert and Ruby Garrison, 111 South R Leverett and Blanche Harshbarger, Coleman hospital. Boys Emmett and Ida Isaacs, 909 West Twenty-eighth. . _ , Harry and Louise V.olpp, 1802 Locx- * John and Lela Campton, Coleman hosHenry and Ora Mertz. Coleman hospital. James and Sarah Olvey. Coleman hospital. Walter and Mary Davidson. 404 North Colorado. Deaths Minnie Strader. 42, city hospital, chronic myocarditis. Minna Eva Weiss, 64, Methodist hospital. pyemia. Christina Greiner 53. 1423 Leonard. cirrhosis of liver. _ Ransom Peter Hoffman. 1. 848 East Thirty-third, acute east.ro enteritis. / >,mes Madison, 92. 2041 College, chronic myocarditis. John Farrell. 78. 1901 North Delaware, acute cardiac dilatation. Sophia E. Linville, 67. 1150 West Thirtyfirst. acute dilatation of heart. James L. Miller. 50. 315 North Osage, acute dilatation of heart. Garland Higginbotham 18. White river, accidental. Thomas Lanahan. 42, St. Vincent’s hospital. genera! peritonitis. Calv„’ Petty. 80. Christian hospital, arterio sclerosis. Isabelle Toole. 78. 825 Church, lobar pneumonia. Nancy Mary Garmano. 3 days. 538 South East, intra cranial hemorrhage. Mary Marshall Conrad. 44. Central Indiana hospital, general paraylsis. TWO UNHURT IN DIVE Plane Plunges Into Boston Harbor on Its Takeoff. Bu United Press BOSTON, June 26.—An aviation instructor and a student flier escaped injury today when the Moth biplane in which they just had taken off from the Boston airport plunged into shallow water of Boston harbor from a height of fifty f set Pilot Charles I. Emerson of Cambridge was at the controls. His pupil-passenger was Jftm Is Brown Os Bmnkiin^

have largely paid off their bank debts, and reduced or wiped out their bond issues. This has enhanced the relative value of their stocks. “Even more important is the fact that the investing public has finally realized that the tendency of leading corporations is to grow from year to year and decade to decade, and to hand on to long-term stockholders large benefits from that growth.”

M’GURN GUILTY OF GUN-TOTING Machine Gunner Amazed at Jury Verdict. Bn United Prctt CHICAGO, June 28.—“ Scarface” A1 Capone’s crack machine gunner, Jack McGum, appears doomed to follow in the footsteps of his notorious chief and serve a year in jail for carrying a pistol. McGum, who cast aside his real name of Demore when he became a “big shot” in gangland, was convicted Wednesday by a jury after two ballots. His usual suave court demeanor was ruffled by the conviction, the first any leader in the Capone mob haG drawn. The dapper gunman seemed more astonished than frightened when the jury foreman pronounced the words, “guilty as charged.” McGurn was the second o angster to be convicted on gun-toting charges since the murder of Alfred J. Lingle, Tribune reporter, renewed the crusade against gangsters. Anthony (Red) Kissane was convicted several days ago and sentenced to year in jail. The charges against the gangster who at one time was indicted in the St. Valentine’s day massacre, date back several months to the time when he was caught riding in a taxicab with a pistol tucked under the waistband of his powder blue trousers. His attorneys contended the search was illegal and announced they would demand a new trial.

SUPERIOR JUDGES TO PAY EXTRA SALARIES Must Deduct Special Levies From Own Money, Says Ogden. When superior court judges put a special judge on their bench, they must deduct the $lO per day salary of the special judge from their own salary. Attorney-General James M. Ogden gave this interpretation of the act of 1929 in an opinion today to Lawrence F. Orr, chief examiner of the state board of accounts. Superior court judges receive SIO,OOO a year in Marion county. They need not pay the special judge's salary when they leave the bench because of interest in a case, change of venue or being related to interested parties in the suit, the law states, according to Ogden.

FILLING STATION PLEA CONSIDERED BY BOARD Application Is Taken Under Advisement by Park Chiefs. Application of the Lincoln Oil Company to erect a filling station at State Road 52 and Kessler boulevard was taken under advisement for two weeks by the park board today. Jackiel W. Joseph, board member, opposed the project, declaring Kessler boulevard was planned as a pleasure thoroughfare and commercial projects should be barred. The board modified its ruling on the new “pee-wee” golf courses, directing courses can be built within 150 feet of a boulevard or park property, instead of 500 feet.

'J.F.WILD INgISTMENT CO j jp i “Leaders of Industry” | Shares rA Fixed Trust 129 E. Market Lincoln 6884

Robert K. Tomlinson INVESTMENTS B*4-25 Continental Bank Bldg. Indianapolis Lln. 9618

R.HL Gibson & Cos. Members MSB TOKX. Ckicete end ChsetnmeM Steck Bacheutu 320 Circle Tower Indianapolis TaL Uaeoia 2341 61 Broadway NEW YORK SO7 Dixie Terminal Bids. Cincinnati

.JUNE 26, 1930

BUYING ORDERS STOP BEARS IN EARLYTRADING Stock List Strengthens at Mid-Session; List Is Sluggish.

Average Stock Prices

Average of thirty Industrials for Wednesday was 215.58. up 3.74. Average of twenty rails was 125.C9. off .97. Average of twenty utilities 78. up .34. Average of forty bonds was 94.88. off .27. Bu Unit'd Prrtx NEW YORK. June 26.—Ca1l • money dropped to I<4 per cent today, the lowest rate since Aug. 1, 1917. Call money, which is used to finance stock transactions with stock for collateral, was in large supply due to lack of demand from speculators. Bv Unit'd Prr* NEW YORK, June 26.—Meeting another attempt of bears to depress the market with buying orders, the stock list strengthened around noon today in dull trading. The opening saw the majority of issues fractions to three points above the previous close. United States Steel opened at 156, up •% from the previous close and other leading industrials were firm. After a period of steadiness around opening levels, the market met new selling orders, and steel dropped to 154%. Other issues followed and movements became irregular. Toward noon selling pressure was eliminated and Steel was coming back to its high of the day at 156%. Coppers Firm Copper shares maintained a tone, having discounted the Anaconda dividend meeting result. Anaconda reduced its dividend 50 per cent from $7 to $3.50 at noon. Andes, its subsidiary, cut the dividend from $3 to $1.50. Green Cananea, another Anaconda subsidiary, reduced its payment to $3 from SB. Traders had expected a reduction! to $3 in Anaconda and hence th@ news of the cut had an immediate effect in raising the price of the stock. A few minutes before the dividend announcement Anaconda was selling at 46%, up %. It promptly rose to 48. Kennecott was selling around 39, up 1% and other issues of the copper group were firm. Railroad shares were quieter with prices mixed in a relatively narrow range. More roads made report# for May today and all of them were well under the same month of 1929. Gains Are Noted The first thirty-five roads to report for May to date showed a decline of 29.7 per cent in net operating income as compared with May, 1929. Their showing, however, was substantially over that of April this year. In the early afternoon, gains of fractions to more than a point were noted in nearly all the leading industrials. American Tobacco issues, which soared in the early trading on the announcement of a splitup and extra dividend, quieted down and met profit-taking that reduced gains. Utilities were easily carried higher and oils were firmer all around. Chemical shares also made progress, as did the independent steels. Trading continued very quiet at the rate of less than 3,000,000 shares for a full day. Other Livestock B" United Prr** TOLEDO. June 26.—Hors —Receipts, 400: market steady to 15c lower:'heavies, $8.25 fa 8.60; mediums. $8.75®9; Yorkers. $8.50® 8.75: pies. sßfa 8.50. Cattle—Receipts, lieht: market slow. Calves—Receipts, lieht; market steady. Sheep—Receipts, lieht: market steady. Openine CloverCash. $12.30: prime choice. *12.60; October. $12.90; December. $13.10.

PURE LINSEED OIL $1.17 Per Gallon Marion Paint Cos. 366 8. Meridian St. RI ley 9165

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