Indianapolis Times, Volume 42, Number 41, Indianapolis, Marion County, 27 June 1930 — Page 22

PAGE 22

BEARS ATTACK STOCKS AFTER FIRMOPENING Heaviest Pressure Borne by General Motors; Steel Sells Lower.

Average Stock Prices

Average of thirty Industrials for Thursday was 230.50. up 5.00. Average of twenty rails was 128.13. up 3.10. Average of twenty utilities was 80.47. up 3.47. Average of forty bonds was 94 88. up .31. By United Pms NEW YORK, June 27 Bears started another drive against the stoclc market after a firm opening today and succeeded in forcing the entire list into lower ground. Heaviest pressure was against General Motors, which was carried to within touching distance of its low for the year. United States Steel broke below 155, against a previous close of 15614. Leading industrials, utilities and rails were down 1 to 7 points. Trading was quiet with volume at a rate of about 3,000,000 shares for a full day. Tickers kept up with transactions, printing inactive quotations from time to time. Commodities, notably wheat and cotton, declined after a steady to firm opening. Call money renewed at 2 per cent, but funds were in supply and many were expecting a reduction again to IVi per cent. Bears Start Reaction At the opening, orders to buy exceeded selling orders and prices advanced fractions to 3 points. The initial bulge was helped by a decline of $371,000,000 in brokerage loans for the week ended Wednesday. Bears took the opportunity of momentary optimism to start a reaction. They concentrated on United States Steel and General Motors. When these issues gave ground, selling was resumed in some of the rails, where Southern Railway met the brunt of it, dropping 614 points to 91*4, anew low isnee 1925. Oils were off with Standard Oil of New Jersey at 63Vi, off 1. North American was the target in utilities, breaking 6 points to 90. High-priced shares such as J. I. Case and American Tobacco issues were down 1 to 6 points. More speculative issues like Vandaium, Worthington Pump and Warner Brothers Pictures also gave ground of its low for the year following the break in General Motors, of which it is a large shareholder. Coppers Decline Copper stocks declined after their gains of Thursday, with Anaconda leading the downturn. Near noon the latter was at 4814, off 2*4. American Smelting and Kennecott were down smaller amounts. Toward noon some support was noted. Steel came back to around 156, biit held the gain only momentarily. American Can was still around 115*4, off 1%; General Motors around 38, off 2%; General Electric, 65Vi, off 2*4; Westinghouse Electric, 132, off I*4, and American Telephone, 206, off 1%. All these issues were higher in the initial trading.

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New York Stocks 1 ■ ißv Thomson St McKinnon) 1 "

—June 27 _ Railroads— Pjev. High. Low. 11:30 close. I Atchison 205 200% 201 Vi 202 i Atl Cosat Line Balt & Ohio .. .102 101 101 100% Chesa St 0hi0... 175% 175 175 175 Chesa Corp 55 54 % Chi Ort West.. 9'i 9V4 94 94 Chi N West 684 68 68, *8 CRI it P 100'a 100*4 1004 994 Del L & W 1174 11 Del St Hudson Great Northern 74 4 74 i4 75 Illinois Central 115 114% Lou & Nash I*l MKSt T 384 36 364 35 Mo Pacific 624 614 624 61 Mo Pacific pfd 119 115S N Y Centra1....157 155 155 158 Nickel Plate 102 994 NY NH St H ...1034 1014 1014 103 Nor Pacific .... 72 714 714 72 Norfolk St West 224 224 O it W 9 ., Pennsylvania .. 724 72 72 714 Reading 105 *044 So Paclflic 112*4 1114 1114 1114 Southern Ry ... 97 95Va 854 984 St Paul 134 134 134 134 St Paul nfd 23 224 224 324 St LSt 8 F..N 904 90 90 92 Union Pacific ..207 4 205 205 3054 Wabash 34 334 W Maryland 234 224 224 22*4 West Pacific 20 Equipments— _ .. Am Car St Fdy.. 504 49 49 49 Am Locomotive.. 484 484 48’a 484 Am Steel Am Air Brake S .. ... , J 2 Gen Am Tank.. 824 814 81 a 834 General Elec.... 68'. 664 674 674 Gen Rv Signal.. .. ... 77 77 Man El Sup 94 9 94 g% N Y Air Brake.. .. ... ••• 38a R3£“.“V" . ’ .. m Wti£sh Efec 8 .'.134 4 iS24 i33V. 1334 Rubbers — Firestone -t,, •■t., Fisk 24 24 24 2 * Goodrich ... Joodyear 60 V 2 69 59 59 J,? Lee Rubber • • • •• •: U S Rubber 21V* 21 21 21,2 AubSm r, 7 1034 98 100 104 Chrysler 25 4 244 25 25/a Gardner 3 2 4 3 ... Graham Paige .. -• ■ A.. S3& 1 . M0t0 ” 27 V t 4 4 4 SS3 V.V.V.V.V 524 SSIS 504 4 Marmon 94 9 9 10 a Nash 32 31% 314 32 Packard ........ 134 134 13 V* 134 Pierce-Arrow .. 204 20 20 21 Reo 84 84 84 84 Studcbaker 26*/ 254 26 26/a Yellow Truck ... 254 24'/* 24 % 25Va Motor Access— Am Bosch ••• •• • , 30/4 Bendix Aviation 304 294 294 31 Borg Warner .. 25V* 24Vi 244 25 Briggs 16% 16 164 16% Eaton 224 214 22 22/* El Storage B ... 64 63 62% 62 Haves Body ... 64 6% Houda 104 10 10 s * 104 Motor Wheel , 22'/a ... Sparks-W 164 16 16 16 Stewart Warner 204 20 Vi Timkin RoU .... 614 61% 61% 62 Mining— Am Metals , 34 35*4 Am Smelt 57 564 56 4 574 Am Zinc , 8 8i Anaconda Cop. 50 484 494* 51 Cal & Hecla 15 144 144 15% Cal & Arlz .... 52*/2 514 52 ... Cerro de Pasco.. 45*/ 2 45 45 454 Dome Mines , 84 ... Freeport Texas. 394 394 394 39 Granbv Corp .. 22 214 21% 22Vi Great Nor Ore 194 19 Howe Sound ... , 274 Int Nickel 244 24 4 24 4 244 Inspiration .... 154 15 15 154 Kennecott Cop.. 384 38 4 384 39V* Magma Cop 33 Miami Copper .... 164 Nev Cons 164 IBV2 i64 164 Texas Gul Sul.. 524 514 514 514 U S Smelt 194 19 194 18 Amerada 23 224 23 224 Am Republic ... ... Atl Refining ... 34 34 Barnsdall . .... 214 214 214 214 Houston 74% 714 724 734 Ind Oil 204 204 Indian Refining.. 114 11 11 114 La go Oil ... 24 Mex Seaboard.. 19V* 184 19 184 Mid Conti , ..... 23 Pan-Amer (B) .. 564 56% 56 4 564 Phillips 314 304 314 314 Pr Oil St Gas 374 37 Pure Oil 204 20 20 204 Richfield 16 154 154 154 Roval Dutch.... 53 51% 52 4 514 Shell Un 184 19 Simms Pt : 20 Sinclair 214 21 21 21 Skcllv 284 284 284 284 Standard of Cal 594 594 594 58'/b Standard of N J 64% 63 4 64 4 644 Standard of N Y 304 304 304 304 Texas Cos 51 504 504 51 Union Oil 394 394 394 ... Steels — Am Roll Mills... 54*/* 53'/* 53% 534 Bethlehem 794 784 784 794 Byers AM 73 Vi 71 72 724 Colo Fuel 484 474 484 474 Cruc Steel 74 73% 74 Inland , 68 Ludlum 25 244 24'/* 24% Midland 24% 24 24 24% Newton 194 19 19

Repub I <k S 404 40% U S Steel 1574 155'* 150 v 1664 Vanadium 794 774 774 784 Youngst SStW. 33 334 33 32% Tobaccos— Am Sumarta 104 10 Am Tobacco (A) .228% 2284 2284 225 Am Tob (B) ... 232% 229 4 231 331 4 Son Cigars 39 eneral Cigar 67% Lig St Myers 8.. 90Vi 884 88% 884 Lorlllard 17% 17% 17% 18% Reynolds Tob .. 48 4 48Vs 484 47% Tob Pr A 11% 11 11 10% Tob Pr B 34 ... Utilities— Abltlbl 26*4 Adams Exp .... 24 23% 23% 234 Am For Par ... 64% 634 63% 634 Am Pwr St Li... 80% 80Vs 80% 80 AT&T 208% 206 208 207% Col Gas & E 1... 63% 61% 624 63 Com & Sot! 14 13% 13% 13% El Pwr & Li ... 66*4 644 66 65% Gen Gas A 9% 9% Inti TANARUS& T .... 43 424 42% 43% Natl Pwr & Li.. 36 4 24 % 35*4 354 No Amer C 0.... 96% 914 93% 96 Pac Gas & E 1... 56 55*4 55% 55% Pub Berv NJ .. 93% 91 Vi 91% 91% So Cal Edison.. 57Vi 554 55Vs 54% Std G& El 90 88 4 89 91 United Corp ... 314 304 30% 31 Ut Pwr St L A.. 324 3lts 314 314 West Union .159 160% Shipping— Am Inti Corp... 32*/ 314 31% 314 Inti Mer M pfd. 20% 20% 20% 20 No Gm Lloyd. 48% United Fruit... 87 75% 85'/* 85% Foods— Am Sug 49% 494 Armour A 4% 4% Cal Pkg 62% Can Dry 60 60 Childs Cos 4% 52 Coco Cola 172 171 Cont Baking A.. 32% 21 21 214 Corn Prod 94 Cuban Am Sug 5 Gen Foods 544 54 Grand Union 12 11% 12 11% Hersev 92 89% 90 Jewel Tea 474 ... Kroger 22% 22% Nat Biscuit 77 76% 764 76 Pillsburv 274 Safeway St ... ... 79',i Std Brands 19 18% 18% 184 Ward Bkg 7 Drugs— Coty Inc 18% 17% 17% 184 Lambert Cos ... 80% 79 79 79 Lehn & Fink 24*,i 24 Industrials— Am Radiator... 254 25 25 244 Bush Term 31% Certainteed 5% Gen Asphalt 42 4 42 % 42% 42% Lehigh Port 32 Otis Elev 594 58 58 59% Indus Chems— Allied Chems ..256 250 250 254% Com Solv 22% 21 Vi 22 4 22 4 Union Carb 68% 67 67 67% U S Ind A1c0.... 64% 63% 63% 63 Retail Stores— . Glmbel Bros 114 ... Kresge 8 S 38% 274 27 % 28 4 May D Store 44 V* Mont Ward 33 4 33 33 % 33% Penny J C 50% 50 Schulte Ret St.. .. ... ... 7 Sears Roe 644 624 624 63 Woolworth .... 55'/* 54% 54% 544 Amusements— Bruns Balke , ... ... 14% Col Graph 18% 18 18 184 Eastman Kod ...195 190% 191 ... Fox Film A .... 414 39% 40% 404 Grigsby Gru ... 16 154 154 154 Loews Ine 64% 63 63% 62 Param Fair. ... 56 544 55'/* 554 Radio Corp .... 344 34% 34% 35Vi R-K-O 29 4 28 % 29 29Vi Schubert 13 13 Vi Warner Bros ... 44% 39% 404 41% Miscellaneous— Airway App ... 17 17 City Ice & Fu 384 ... Congoleum 124 11% 12 11% Am Can 118'/* 116 1164 117% Cont Can 53% 53 53% 53% Curtiss Wr 7 64 6% 6Vs Gillette SR 69 Vi Real Silk 38%

Indianapolis Stocks

—June 27 Bid. Ask Amer Central Life Ins C 0.... 1,000 •Belt RR & Yds Cos com 50% 63 ‘Belt R R & S Yds Cos pfd... 56 Bobbs-Merrlll Cos 30 33% Central Ind Power Cos pfd.... 88 83 •Circle Theater Cos com 105% ... Citizens Gas 27 Citizens Gas pfd 97 100% Commonwealth L Cos pf 1% ... 97 102 •Commonwealth L Cos pf 8%.. 98 •Hook Drug Cos com new 23 2514 Ind Hotel Cos Claypool com.. 125 Indiana Hotel Cos pref 101 105 Indiana Service Corp pref 86 •Indianapolis Gas Cos common 56% 6114 •Indpls Power & Lt Cos pfd...102 104% Indpls Pub Wey Loan As com. 53 58 Indpls St Rv Cos pfd 10H ... Indianapolis Water Cos pfd 101 •Interstate U S Cos pr 8% L pf 89 93 Interstate Pub Serv 7% 103 10414 •Northern Ind Pub 7% co pfd..loß Metro Loan Cos 99 ... •Northern Ind P 5% % co pfd. 92 •Northern Ind Pub 6% co pfd.lol 103 •Progress Laundry Cos c0m.... 44% 4714 S Rauh Sc Sons Per Cos pfd Real Silk Hosiery M Inc pfd.. 96 Shareholders Investors Cos. ... 23 ... Standard OH Cos of Ind 48% ... T H I & E pfd 10 Terre Haute Trac L Cos pfd... 79 Union Title Cos common 40 ... Van Camp Prod Cos Ist pfd. .. 98 Van Camp Prod Cos 2nd pfd. .. 98 •Ex-Dividend. —Bonds— Belt R R Sc Stock Cos 5s 91 ... Broad Ripple 321i ... Central Indiana Gas Cos 55.... 99% ... Central Ind Power Cos 6s 98% ... Citizens Gas Cos 5s 101 Citizens Street Railroad 55.... 42 43 Gary St Rv Ist 5s 65 ... Home T & T of Ft Wayne 65.10114 ... Ind Northern Trac Cos 214 5 Ind Ry Sc Light Cos 6s 95 Indiana Service Corpn 5s 88 Indpls Power Sc Light Cos ss. .10014 101 Indiana Union Trac Cos 55.... 7 Indpls Col & Trac Cos 65.... 9214 ... Indianapolis Gas Cos 5s 100 Indpls & Mart Rapid T Cos 5s 6 Indpls No Trac Cos 5s 11 Indpls North Western C 0.... 10 Indpls Street Ry 4s 29 32 Indpls Trac Ter Cos 5s 81% ... Indpls Union Ry 6s 100 3 / ... Indpls Water Cos 5%s 103 ... Indpls Water Cos 5s 9814 . Indpls Water Cos lie Sc ret 98 99% Indpls Water 414s 94 Indpls Water W Sec Cos 55.... 88 12 ...' Iterstate Pub Serv Cos 414s .... 9114 ... Interstate Pub Ser Cos 5s 98 Interstate Pub Serv 614s 103 No Ind Pub Serv Cos 5s ....10114 ... No. Ind. Telephone Cos. 6s 9714 100 T H Ind Sc East Trac Cos 55.. 64 T H Trac Light Cos 5s 82 ... Union Trac oi Ind Cos 6s 19 24 —Sales— Interstate Pub Serv 7%: 22 shares at. 10314

Produce Markets

Eggs (Country Run) —Lobs off deliverd In Indianapolis. 19c: henery quality. No. 1 21c: No. 2. 16c. Poultry (buying prices—Hens, weighing 4% lbs. or over. 17c: under 4% lbs., 17c; Leghorn hens. 14c: springers. 2% lbs. or over 21c: under 2% 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 by Kingan & Cos. Butter (wholesale)—No. 1. 35®36c: No. 3. 33®34c. Butterfat—32c. Cheese (wholesale selling price per i pound)—American loaf. 31c: pimento loaf. 32c: Wisconsin firsts. 27c; Lognhorns. 34c: New York Limberger. 36c. Bu United Press NEW YORK, June 27.—Flour—Firm and higher: spring patents. $5.15®5.55. Pork —Quiet; mess. $31.50. Lard—Firmer; middle west spot. [email protected]. Tallow— Steadv; special to extra, 4%®5c. Potatoes—Dull and weak; southern, $1.75@4; Maine, s3® 3.90. Sweet potatoes—Dull; Jersey basket. [email protected]. Dressed poultry —Steady: turkeys, 20®43c: chickens. 17® 35c; fowls. 14@26c: ducks. Long Island. 14®'18c. Live poultry—Dull and weak; geese, ll®14c; ducks, 14®22c: fowls. 19®' 22c: turkeys, 15® 25c; roosters, 15®17c; broilers, 16®35c. Cheese—Steady; state whole milk; fancy to specials. 25®26c; Young Americas. 18 %® 25c. Butter—Market, steady; receipts. 12,416 tubs; creamery. extra. 33c; special market. 33%®34c. Eggs—Market, quiet; receipts. 18,913 cases; nearby white fancy. 30® 32c; state whites. 25c; fresh firsts. 22%®23%c; pacific coasts, 27©34c; -learby browns, 24%©34c. Bu United Press CINCINNATI. June 27.—Butter, steady: creamery in tub lots according ‘o score. 30@33c: common sco-e disocunted 2®3c; packing stock No. 1. 25c; No. 2. 18c: No. 3.12 c: butterfat. 28@30c. Eggs—Steadv; cases, included: fresl. gathered. 23c: firsts. 20c: seconds. 18c: neartv ungraded. 21 %c. Live poultry—Thin and coarse stock sells only at heavy discount: fowls. 5 lbs. and over 20c: 4 lbs. and over. 19c: 3 lbs. and over. 19c: Leghorns. 3 lbs. and over. 15c; roosters. 13c: colored fryers over 3 lbs.. 30c: broilers, colored over. 2 lbs.. 28c: broilers, over 1% lbs.. 27c; 1% lbs. and over. 25c: Leghorn and Orpington broilers over 1% lbs.. 21c; IV4 lbs. and over. 17c: broilers, partly feathered. 17@20c: black springers. 20c. I. IT. Graduate Chosen Editor Bu United Press BLOOMINGTON, Ind., June 27. Word has been received at Indiana university here of of Ray D. Casey, fount rly of Terre Haute, as editor of the Pennsylvania News, a semi-monrhsly newspaper published by the Pennsylvania railroad for more than 25,000 employes of the western region. Casey was graduated from the university in 1916. Sucreeds Sick Judge Bu Times Special ANDERSON, Ind., June 27. Charles E. Smith, attorney, has charge as judge of city court during the illness pf Judge Jesse Shuman, who hasJ been in a serious condition lor mo weeks.

THE INDIANAPOLIS TIMES

HOGS CONTINUE STRONG TREND AT CITYYARDS Cattle and Calf Marts Are Unchanged; Sheep Hold Steady. June Bulk. Top. Receipts. 20. *9.75 $9.80 6.500 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. 9.15 9.20 5.000 27. 9.25 9.35 5,000 The upswing evidenced by hogs Thursday was continued at the Union stockyards this morning, prices for the most part ranging 10 cents higher. The bulk, 160 to 300 pounds, sold for $9.25; top price paid was $9.35. Receipts were estimated at 5,000, holdovers were 417. Cattle were steady with receipts of 500. Vealers held unchanged at $10.50 down. Calves receipts were 600. Sheep and lamb receipts were 1,400. Better grade lambs steady. Throwouts and mixed lots were indefinitely lower. Chicago hog receipts were 22,000, including 9,000 direct. Holdovers were 7,000. The market opened about 10 cents higher than Thursday’s average. A number of bids and a few sales of choice 200 to 270pound weights at $9.10 to $9.20; occasional load of light and medium weight packing sows $8 to $8.25. Cattle receipts were 2,000; sheep, 5,000. . —Hogs— Receipts. 5,000; market, higher. Heavies. 800 lbs. up * 9.00® 9.15 250-300 lbs 9.25 Medi wts.. 225-250 lbs 9.25 200-225 lbs 9.25® 9.35 Light Wts. 1.60-200 lbs 9.25 130-160 lbs | 9.00 90-130 lbs 8.25 (w 8.75 Packing sows 7.50® 8.50 —CattleReceipts. 500; market, steady. Beef steers. 1.400-1.500 lbs.. good and choice S Common and medium 6.50® 9.50 Beef steers. 1.100 lbs. down. good and choice Common and medium 6.00@ 9.00 Heifers, 850 lbs. down, good and choice f'22^ 1 2'nn Common and medium 5.00® 8.00 Cows, good and choice 6.50® 2.75 Common and medium 6.75® 8.00 Low cutter and cutter cows.. 2.50® 4.75 Stocker and feeder steers, good and choice 7.50® 9.00 Common and medium 5.50® 7.00 —Vealers — Receipts. 600; market, steady. Medium and choice •$ [email protected] Cull and common 4.50® 8.00 —Sheep— Receipts. 1.400: market, steady. Lambs, good and choice * 1 0.00®11.50 Common and medium 5.00® 2-22 Cull and common 1-25® 2.75 Ewes, medium to choice .... 2.75® 4.00

Other Livestock Bu United Press CHICAGO, June 27.— Hogs—Receipts, 22,000. Including 9,000 direct: mostly 10® 20c higher; fairly active at the advance; top $9.25. paid for an occasional load 200-250-lb. weights; shipping demand improved: butchers, medium to choice. 250350 lbs.. $8.65®9.25; 200-250 lbs.. $8.85® 9.25; 160-200 lbs.. [email protected]; 130-160 lbs.. $8.60®8.20: packing sows. $7.65®8.50; pigs, medium to choice. 90-130 lbs.. sß® 9. Cattle—Recettps. 2.000; calves. 1.000; generally steady with week’s advance; fairly active, but hardly such a scramble on for cattle $11.75; slaughter classes, steers good and as on Thursday- best weighty steers, choice. 1.300-1,500 bs.. $lO 75®. 12 75; 1.1001 300 lbs.. $10.25® 12.75; 950-1.100 lbs.. $lO @>12.25; common and medium, 850 lbs. up. $6.50® 10.75: fed yearlings, good and choice. 750®9.50 lbs $9.75®11.75: heifers, good and choice. 850 lbs. down, S9.SO®U; common and medium. $6.25©9.50; cows, good and choice. [email protected]: common and medium, $4.75®’7.25: low cutter and cutter cows, $3.50®4.75; bulls, good and choice beef. $6.40®8.25: cutter to medium. $4.75 ©6: vealers. milk fed. good and choice, $9.50® 11; medium. $8.50®9.50; cull and common. $6®8.50: Stockers and feeder steers, good and choice, all weights. $8.50 ©10; common and medium. s6® 8.75. Sheep —Receipts, 5,000; fat lambs, steady to 25c lower: bulk sorted natives. $11.50® 11.75: throwouts mostly $6.25 down; number lots at $5; sheep steady: lambs, good and choice. 92 lbs. down. [email protected]; medium, s9@ll; cull an dcommon, $6.50®9; ewes, medium to choice, 150 lbs. down, $2®3.75; cull and common. $1®2.75. 811 United Press EAST BUFFALO, N. Y.. June 27. Hogs—Receipts. 2,000; holdovers. 400; market generally steady to 5 cents higher; pigs ana sows, steady; desirable, 160-240 lbs., $9.75®9.80; 250-300 lbs. and 120-150 lbs., $9.50®9.75; most pigs, $9.50; bulk sows, SB. Cattle—Receipts, 125; trading, light; steady; fat beef cows, $5.50®6; cutter grades. s3®;4 50; calves, receipts, 600; market, active; mostly $1 higher; good to choice vealers, sl2®; 12.50; medium and plainer grades. $9.50®11.50. Sheep—Receipts, 700; better grade lambs scarce, strong to 25c higher; few lots, good to choice kinds. $12.50® 13; medium, $10.50® 11.50; common around $9; aged stock slow, weak to lower; load to medium yearlings, $7.50; fat ewes, $2.5U. Bu United Press CLEVELAND, June 27.—Hogs—Receipts. 600: holdovers, 76; medium and light weights 15c higher and slow; 150-220-lb. W'elght3 around $9.50; packers bidding steady on heavier butchers, pigs and packing grades steady; pigs. $9; sows, $8; stags. $6. Cattle—Receipts, 200: all classes slow and steady; cutter grades, ss® 6: no common or medium grades sold, fat kinds. $4.75® 6: cutters. $2.50®4; medium bulls. [email protected]. Calves—Receipts. 150: market, fully steady; good to choice vealers. s9®l3: meduims, $7.50 downward. Sheep—Receipts, 200; most classes steady; good to choice lambs. $7.50®12: choice grades quoted upward to $12.50; fat ewes. $2.50®3. Bu United Press EAST ST LOUIS, 111.. June 27.—Hogs— Receipts. 7.000: market, active; 15c to mostly 20c higher than Thursday’s average; bulk. 150-260 lbs.. $9.15®9.25: most sows, $7.85® 8. Cattle—Receipts. 700. Calves—Receipts. 400; market, generally steady; some fed steers. $10: a few grass steers. $7: cows. ss@6; low cutters. s3® 3.50; ton sausage bulls. $6: vealers. sll. Sheep—Receipts. 1.500: market, no early sales: generally asking steady: asking $10.75® 11 for most graded lambs. Bu United Press PITTSBURGH. June 27.— Hogs—Receipts. 1.200: market, stronger 10 cents higher: 150-210 lbs.. $9.65®9.75: 220-250 lbs $9.35 ®9.50; 260-300 lbs.. $9®9.25: pigs. $8.75® 9; most sows. $8.75. Cattle—None. Calves —Receipts. 100: market, steady; 50 cents higher: bulk vealers. $9®11.50. SheepReceipts. 500: market, strong to unevenly higher: fat native lambs. slo® 12: few yearlings. s7®B; aged wethers, quoted $3.50 ®4. Bu United Press TOLEDO. June 27.—Hogs—Receipts. 300 market, steady to 10c .higher; heavies. $8.60®8.75: mediums. $9®9.10: Yorkers. $8.50® 8.75; pigs. $8®8.50. Cattle—Receipts. light: market, slow. Calves —Receipts. light; market, slow. Sheep—Receipts. light: market, slow. Bu Times Special LOUISVILLE, Ky., June 27.—Hogs—Receipts. 7.000; market. 20c higher: 250 lbs. un. $8.60: 175-250 lbs.. $9.20; 139-165 lbs.. $8.40; 130 lbs. down. $6.70; roughs. $6.20; stags. $5.60. Cattle—Receipts. 100; market. steady; prime heavy steers, $9.50®? 10.50; reavy shipping steers. $8®9.50: medium and plain steers, s7® 8: fat heifers. $6®9.50; good to choice cows. $0.50®6.50; medium to good cows, $4®5.50; cutters, $3.25©4: canners. s2®3; bulls, s4®6: feeders, $6.50®8.50: stockers. $5®6.50; calf receipts. 200; market, steadv: choice. sß® 8.50' medium to good, s7® 8: common to medium. $4.50® 6.50. Sheep Receipts. 3.200; market. 50c lower; ewe and wether lambs, $10.50; choice car lambs. $10.75; buck lambs. 9.50- seconds, ss® 5.50; clipped sheep. $2.50® 3.50. Thursday's shipments—Cattle, none; calves, 18; hogs, 222; sheep, 3,346. Bu United Press CINCINNATI. June 27.—Hogs—Receipts. 3.181. Including 1,081 direct: held over. 270: active, mostly 25c higher except pigs and light lights up to 140 lbs. which sold mostly steady: bulk desirable. 170-260 lbs., $9.25®9.50, mostly $9.50 on hogs downward from 230 lbs.: odd lots of 280-300 lbs., around $9; better grade, 120-160 lbs., $8.75®9: few strong weights. $9.25; sows. $7.75® 8.25; bulk. SB. ' Cattle— Receipts. 200; calves. 300; slow supply moderately light; prices on aU classes generaUy steady: odd lots of common and medium grade grass steers and heifers. s6®B: most beef cows. $5®6.50: few. $6.75®7; low cutters and cutters. $2.50®4.50; bulk. S3®4; bulls, largely $5.50® 6.25; best weighty kinds quotable up to $7; good and choice vealers. steady to strong, up s9® 10.50; lower grades. s6® 8.50. Sheep—Receipts. 1.300; slow generally steady on all classes; lower grade lambs very draggv. hard to sell; bulk good and* choice lambs. $10.25® 11: common and medium, s6® 7.50 with light inferior kinds downward from $5; buck lambs sß© 9; strictly choice offering* quotable up to, $10; fat w. $3.50 downward.

On Commission Row

FRUITS ! Apples—Basket: Wlnesap. *3.25: Ben Davis. *2. Boxes: Btayman. *3.7504: Wlnesap. *3 3 3.50. Barrel*: Ben Dayis. *5.50: Wlnesap. *768.50: new Yellow Transparent. *3.5064.50 a bushel, i Apricots—California. RoyaL *2.75 0 3.25 a 1 20-pound crate. _ . . ! Melons—Cantaloupes. California, standi ards. *3.25 a crate: ponies. *2.502.76. tumbo. *3.5003.75: Honey Dew. *5.50 a crate Watermelon. 26-pound average. 90c ssl each. _ . . ~ Cherries—California. 8-DOund box. *3.25. Indiana. 24-ouart crate. *4.50. Dewberries —North Carolina, $6 a 32Grapefruit—lmperial Valley. *6 67.25 a —*7.50 a 24-ouart crate. Lemons—Fancv California. *7.506 8.50 a crate. „ „ . „„ Limes—Dominican. *2.50 a 100. Peaches— Georgia. *2 a one-half bushel basket: 6-basket crate. *303.50. Oranges—California Valencia. $6&9 o Pears—Avocado. California. $839 a Pineapples—Cuban. *3.2504 a crate. Plums—California. *262.75 a 24-pound Cr ßasDberrles —Red. California. *5 a 24-pln: crate: black. *3.50. „ Strawberries—24-auart crate. M* r, cm county. *637: Michigan. *3.75 a 16-quart Crat *‘ VEGETABLES Asparagus—Home-grown, long green. 75 ®9oc a dozen bunches: wnlte. 65c. Beans—Southern stringless. *161.50 a hamper: wax. *1.25 a Climax basket. Betts—Louisiana, new. *1.30 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. 53.75 a crate Cauliflower—Home-grown , *[email protected] a bU Ceferv—California. *8.50 a crate of 4s: Florida, washed. *l@2 a bunch. Corn —Roastine ears. Alabama. $2.25® 2.50 a 5-dozen crate. . .. „ Cucumbers —Home-grown, hothouse, do# 90c a dozen. „ . . . Kale—Home-grown. 5c a bushel. Lettuce—California. Iceberg: *4 a crate of 4s. ss: extra fancy Marlon county leaf. 75c a 15-pound basket. Parsley—Southern. 65®70c a dozen bU peas—Telephone, home-grown. *2.50 a bU Peppers—Mississippi. *2.50 a hamper. Pickle—Southern. *2 a hamper. Radishes—Hothouse, button. 40s a dozen bunches: long, red or white. 30c. Rhubarb— Home-grown. 65c a dozen. Soinach— Home-grown. 65 a bushel. Tomatoes—Texas. 30-pound lug. *2.25. Marion countv hothouse. *1.50 a 10-cound bß Turnlns—New. *2.50 a bushel: Marlon covntv. 45c a dozen bunches. ... Potatoes —Maine Round Whites. $5 a 150nound bag: Colorado Russet. * 4 -75®5.25 a 100-pound bag—Red River Early Ohlo. *4 a 120-pound bag: Southern Triumph. $3 50 a 100-pound bag: new Cobblers. *5.85 a barrel: Sweet. Tennessee. Nancv Hall. $2.50: Louisiana Golden Glow. $2.75.

In the Stock Market

(Bv Thomson & McKinnon) NEW YORK, June 27.—Extent of deflation which securities have suffered is well emphasized in the huge decrease in brokers borrowings. While a liberal drop was expected, one as substantial as reported was not looked for. With the release of this amount of credit little wonder that money has gone begging for demand and the call rate as a result dropped to VA per cent, a figure not seen since 1917. An inference of unusual importance to be drawn from the tremendous shrinkage in loans is the existence of a large short interest which along with the investment buying already in evidence should provide the market with a strong bulwark. It is interesting to note executives in discussing the affairs of their corpora - tions voice a decidedly cheerful attitude. Many excellent stocks, with a long unbroken dividend record, are now yielding between 5 and 6 per cent. We refer particularly to the good oils and rails. Assurance that the northern pacific dividend will be earned and maintained should do much to increase generally the investment buying in rails.

New York Bank Stocks

—June 26Bid. Ask. America 91 94 Bank of United States 40 41 Bankers 120 120V* Brooklyn Trust 665 680 Central Hanover 321 325 Chase National .. 121 J 22 Chatham Poennix Natl ... 100 101 Chemical 61 63 City National 130 131 Corn Exchange 160 163 Commercial 390 410 Continental 2512 27 Empire . 68 70 First National 4.475 4.575 Guaranty 586 590 Irving <5% 46Va Manhattan <te Company ... 103 104 Manufacturers 89 90% New York Trust 21 ? ml/ in?i* Chelsea 33 36 Chicago Grain Table —June 27 WHEAT— Prev. Open. High. Low. Close. Close. July.. .91% .92 V 4 .90% .51% .9114 Sept.. .95 .96% .9314 .9514 -95 Dec... 1.01% 1.01% .99% 1.01 1.00 7 /a CORN— July.. .75% .75 "4 .74% .75% .75% Sept.. .74 .74% .7314 .7414 .74 Dec... .68% .68% .68% .68% .68% oats— July.. .35 7 4 .36 .35 .35% .35% Sept.. .36% .37 .36% .36>/ 2 .36% Dec... .40.40 .39% .39% .39% RYE— July.. .47% .48% .46% .48% .46% Sept.. .52% .53 .51% .52% .51% Dec... .58% .59 .57% .58% .57% LARD— July. 9.42 9.47 940 9.45 9.42 Sept. 9.52 9.62 9.52 9.60 9.57 Oct.. 9.60 9.62 9.60 9.60 9.57 Dec 9 37 9.37 BELLIES— July 13.32 13.32 Sept 12.37 12.37 811 Times Special CHICAGO. June 27.—Car lots: Wheat. 11: corn. 49; oats. 14; rye. 1. and barley. 5. 811 United Press CHICAGO. June 27.—Cash grain close; Wheat—No. 2 hard. 91 %c. Corn—No. 2 mixed. 7714 ® 77%c; No. 3 mixed. 77c; No. 4 mixed. 76c; No. 1 yellow. 78%®79%c: No. 2 yellow, 78!4@79%c; No. 3 yellow. 78®! 79c: No. 4 yellow. 78%c; No. 6 yellow, 75c; No. 2 white. 82c: No. 3 white, 71c: sample grade. 74c. Oats —No. 2 white, 386®>39c: No. 3 white. 36%@37%c; No. 4 white. 33% ©34’Ac. Rve —None. Barley—46® 55c. Timothy—s6.ls® 8.25. Clover—slo® 17.50. Bn United Press TOLEDO. June 27.—Grain close; Wheat —No. 2 red. 95® 96c. Corn —No. 3 yellow. 82®84c. Oats —No. 2 white. 42®4c4. Rye —No. 2. 75c. Bariev—No. 2. 58c. Clover —Domestic, cash. $12.40; prime choice. $12.70: October. sl3: December, $13.2a. Alsike—Cash. $11.20: October. $11.50. Butter—Fancy creamery. 37@38c. Eggs— Country run, 20® 22c. Hay—Timothy. $1.25 per cwt. ' Births Boy* Everett and Esther Merrill, Christian hospital, twins. Girls Vester and Lillian Clark, Methodist hospital. Samuel and Elizabeth Mclntire, 1827 Barth. Ermond and Dorothy Kenyon. 1215 St. Paul. Grover and Eveline Adcox, 516 Birch. Deaths Charles Russel] Coy. 5 months, 721 Olin broncho pneumonia. Clara Jane White. 76 1434 Fruitdale, acute mvocarditis. Mary J. Cloud. 83, 369 East Terrace, arterio sclerosis. Lizzie Brown. 78, city hospital, ac<l ental. Cora H. Lehman. 65 St. Vincent's hospital. carcinoma. Cora Jane Good, 66. 4132 Sutherland, coronary thrombosis. Robert Jean Sickel 2 days, city hospital. premature birth. Enoch P. Kersey. 69. Methodist hospital. hypostatic pneumonia. Dorothy Van Hook, 10 months. 36 West Vermont, ileocolitis. Annabel! Skaggs. 30, 1432 Shepard, i uremia. Eliza Thomas. 46, 22914 Arch, chronic mvocarditis. Nancv Jane Facemire. 77. 1249 West Twentv-flfth acute uremia. Cora Hutchison. 53. 3037 Phipps, cerebral hemorrhage. William N. Picken. 61. 4105 Carrollton, uremia. Michael Rieger 78. 1638 South Talbott, pulmonary tuberculosis. Maria McDaniels. 79. 204 South Sum- ! mutt, chronic mvocarditis. Katie Alice Hall 32. 119 Alton, cerebral embolism. Margaret C. Cline. 20, Long hospital, brain tumor. Katie M. Hogan. 52. 143 West Twentyfirst. acute cardiac dilatation. Catherine Brockman. 65. 5i East Vermont. acute cardiac dilatation. Nettie Grace Hornaday. 07. 1437 .forth Delaware, earebral hemorrhage. Walter / Parsons, 71. city hospital, chronic myocarditis.

FOREIGN NEWS HOLDS FUTURE PRICESjIIGHER Strong Close at Liverpool Is Bullish Factor in Nervous Market. Bv United PreeS CHICAGO, June 27. Wheat closed a nervous and choppy day on the Board of Trade with prices slightly higher. The market was easily influenced by small sales, but most of the trading was around Thursday’s closing kvels. A sharply lower Buenos Aires market at mid-day caused a break and some weakness, but the market recovered. Corn fololwed wheat, but oats was weak. At the close wheat was % to *4 cent higher, corn was Vi to Vi cent higher and oats was Vi to ’* cent lower. Provisions were steady. Liverpool worked off from the best figures, but closed very strong, 1 to 20 higher. Millers were inquiring, but were adverse to paying the prices asked. Canadian weather news early was still bullish.. Cash prices were unchanged. Receipts were 5 cars. Corn followed wheat, recovering well from the early selling and standing slightly higher at midsession. Receipts were small and the shipping demand showed evidence of strength. Trading was rather quiet. Cash prices were Vi cent higher. Receipts were 54 cars. Oats held steady most of the morning and was practically unchanged just before noon. Cash interests did most of the buying in a quiet market. Cash prices were unchanged. Receipts were 28 cars.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Friday June 27, *2,833 000; debits. *7,520.000. NEW YORK STATEMENT B NEW f YORK?''June 27.—Bank clearings, *1 519,000,000: fiearing house balance $211,000,000: Federal Reserve Bank credit balance $147,000,000. TREASURY STATEMENT Bu United Press __ . WASHINGTON. June 27.—Treasurynet balance on June 25. was *349,765.680.91. Customs receipts for the month to that date totalled $67,036,722.04. Government expenditures on June 25 were $13,058,311.48. Building Permits C. A. Griffith, garage. 4014 Winthrop, $265. Riley hospital, repairs. 1000 West Michigan. *I.BOO. Joe Hemlll. garage. 2640 Cornell. *2OO. Louis Metelko. dwelling and garage, 717 Arnolda. $3,000. NEW YORK COFFEE RANGE —June 26 • High. Low. Close. March 6.89 6.82 6.82 May 6.75 6.70 6.71 July 7.20 7.12 7.12 September 7.21 7.15 7.16 December 7.03 6.98 6.98

INVESTMENT SUGGESTIONS for July First Funds DESCRIPTION RATE MATURITY MARKET YIELD *.Bonds * Indiana Gravel Road Bonds 4H~5% 1931-49 400% *Land Bank and Insular Bonds Port Rico, Reg 4H 1930/39 $104.65 4.15 Municipality of Ponce, Porto Rico 4H 1955 103-82 4-25 Indianapolis Joint Stock Land Bank 5 1960/40 101.00 4.^7 Lafayette Joint Stock Land Bank 4 1953/33 93-10 5-00 C. C. C. & St. L. Ry. Ref. & Imp 4 H 1977 98.00 4.60 Missouri Pacific R. R. Ist Mortg 5 1980 100.50 4-97 Indianapolis Water Cos. Ist Lien & Ref 5 1970 99-00 5-07 Indianapolis Water Cos. Ist Lien & Ref 5Vi 1953 104-00 5-20 Erie R. R. Ref. & Imp 5 1975 93-00 5-41 Fletcher American Real Estate Cert 5Yi 1934-35 100.00 5-50 Diversified Investments Inc. Deb 5 1958 88-50 5-83 Republic of Cuba 5Vi 1945 95-50 5-95 Fox Film Corporation Notes 6 1931 100.00 6.00 Indianapolis, Columbus & South. Ist Mortg. 6 1948 98.00 6.19 B. F. Goodrich Company Deb > 6 1945 98.00 6.20 Republic of Uruguay 6 1964 95-25 6.34 Insley Manufacturing Company Ist Mortg.. 6 1935 97.72 6.50 Northern Indiana Telephone Cos. Coll. Tr... 6 1931 99-50 6.50 * Exempt from Indiana Personal Property Tax and all Federal Income Tax *'Preferred Stocks 3025 North Meridian Street Realty C 0.... .5H 1944 95-30 6.00 Indianapolis Power & Light Cos 633 105-00 6.19 Fairfield Manor Realty Company 6 1940 98.00 6.25 Interstate Public Service Corporation 6 93-00 6.45 Moynahan Properties Company fyi 1942 100.00 6.50 Oakley Economy Stores 7 1937 99.00 7-15 * Exempt from Indiana Personal Property Tax and Federal Normal Income Tax Descriptive circulars on any of the above issues will be sent upon request fTetcker American Company i Affiliated with THE FLETCHER AMERICAN NATIONAL BANK Southeast Corner Market and Pennsylvania Street

Business — and — Finance

Bv United Press WASHINGTON, June 26.—Loans on stocks and bonds to brokers and dealers by reporting federal reserve member banks in New York City, June 25, showed a decrease of $371,000,000 over the previous week's total of $3,787,000,000, the federal reserve board announced Thursday. The loan total now stands at $3,416,000,444, compared with the record, high of $6,804,000,000. established on Oct. 2, 1929, loans of $5,542,000,000 a year ago and $4,178,234,000 two years ago. Purity baking corporation, one of the leading producers and distributors of bread, cake and specialty lines, operating fifty-five plants in thirty-seven cities. Including trie bakery stores of Cushman s Sons, the retail devision now is operating more than 330 stores located in New York, Chicago, Philadelphia. Combined sales volume and the wholesale and retail . devislons In 1929 was probably about $49.000,000. a gain of approximately 10 per cent over the preceding year. Principal expansion in the past three years have centered In the -etail bakry operatings. Further expansions will probably be deferred, pending revival In general trade. Alabama Water Service Company, a subsidiary of Federal Water Service Corporation, reports gross revenues of *871,028 for the year ended May 81, 1930, as compared with *793.570 for the preceding twelve months. Operating expense. maintenance and taxes, other than federal income tax, totaled *458,616. as against *394,569. Gross income amounted to *412,412, which compares with *399,001 for the year ended May 31, 1929. A decline of 1.1 per cent, the largest decline of any week during 1930, Is shown by the wholesale price Index of the National Fertilizer Association, for the week ended June 21. On July 15, Canada Dry Ginger Ale, Incorporated, will distribute its regular quarterly dividend of *1.25 per share to stockholders of record on July 1. In a letter to stockholders announcing the dividend action, P. D. Saylor, president, states that “profits for the entire year will be approximately those of the previous year.” Manufacturing economics and other savings in operations will overcome whatever slight decrease in sales the company may experience. George W. Hill, president of the American Totaco Company, is (Thursday) sending a letter to stockholders announcing a proposal, approved by the board of directors, to split-up the company’s common stock and to raise the annual dividend rate on the split-up stock to $5 a share from the present rate of $4.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New York Curb Association -i Rooms 200-214 Circle Tower Telephone Lincoln 55C1

PLJ27, 1930

BAN ON SALE OF SUBMARINES TO RUSSIANS U. S. Refuses Firm Right to Build War Vessels for Soviet. Rv United Press WASHINGTON. June 27—Officials revealed today that the state department had intervened some time ago in a transaction by which an American firm was to construct submarines for Soviet Russia. The name of the manufacturer was withheld. The question of approving American military shipments to Russia, gained prominence ten days ago when it was learned the state department had refused to approve the sale of Glenn H. Martin Com- 4 pany bombing planes to Soviet Russia. A similar position had been taken to prevent sale of machine guns about five years ago. Secretary of State Stimson said these three articles alone were under the prohibition which, it is conceded at the department, he has no legal authority to impose. The ban represents the individual action of the United States, but was made effective, the United Press was informed, in the belief other countries would impose similar restrictions. In withholding the name of the prospective submarine manufacturer, the state department explained it was customary to regard inquiries of that kind as confidential until otherwise notified by the American concern involved.

Dr. B. H. PRITCHETT DENTIST PAINLESS EXTRACTION A SPECIALTY Ofiles Hoars 9 to 12, 1:30 to 5 end 6:30 to 8:30 P. M. Sundays. 10 to I*. S4IH INDIANA AVE. LI. 2974. RESIDENCE LI. 8184