Indianapolis Times, Volume 42, Number 42, Indianapolis, Marion County, 28 June 1930 — Page 13

JUNE?2S, 1930.

BEARS AHACK STOCKS AFTER FIRM OPENING Close Is Irregular; Gains and Losses Spread Through List.

Average Stock Prices

Average of thirty industrials lor Thursday was 220 58. UD 5.00. Average of twenty rails was 128.13. ut> 3.10. Average of twenty utilities was 80.47. up 3.47. Average of forty bonds was 94 88. up .31. flu I nur’d Pres NEW YORK, June 27.—Alter a period of heavy selling following a firm opening, the stock market showed rallying tendencies near the close today and the list at the close was irregular with gains ranging to nearly 9 points in Allied Chemical and losses to 5% in Auburn Auto. United States Steel moved over a wide arch between a low of 153 % and a high of 157%. Other leading industrials made similar swings. Rails were depressed on a drop of more than 32 per cent from last year in May earnings. Utilities dropped sharply and rallied partially. Trading was very quiet throughout the session, with tickers even at all times. The opening was brightened by advances brought or. by the decline of $371,000,000 in brokerage loans. Rears Hammer Steel Immediately after the opening bears began to hammer Steel and the issue gave ground easily, meeting support from time to time on the decline. The rallies at no time were sufficient to make much headway, but shorts were slow to place new lines. Just before the close United States Steel was carried to its previous close of 156 U, but it fell back. General Motors, which had been hammered down to 38, close to its low for the year, fired up fractionally. Other issues to rally included Loew’s, Westinhouse Electric, Air Reduction and international Harvester. North American was hammered down more than 6 points in the utilities, but it came back 3. National Power and Light, American Water Works and several others of the group also met support. Call Money Steady Coppers reacted from their highs of Thursday on profit-taking. Call money held at 2 per cent with concessions in the outside market. Wheat rallied to close firm after early trading had brought small declines. Cotton declined in early trading but came back to net losses of about 50 cents a bale near the dose. The Dow. Jones industrial average (preliminary calculation) declined 1.54 to 219.04 an the railroad average .80 to 127.33. Sales totaled 2,081,580 shares, against 2,272,080 shares Thursday.

In the Stock Market

ißv Thomson & McKinnon) NEW YORK, June 27.—Discouragement again enveloped the stock market today as scattered liquidation and bear pressure reappeared, wiping out not only the early gains, but most of those acquired Thursday. Weakness in the high priced rails and the poor response of the market generally in face of the sweeping reduction in the brokers’ loans was disheartening. Especially was this so inasmuch as the huge decrease reflected such enormous liquidation of securities. Special pressure appeared to be directed against the utilities and seemed to be predicated largely upon figures published showing a material shrinkage in electric power consumption. The decrease was described as being considerably greater than seasonable and places current production below a corresponding period of a year ago. Undoubtedly it is felt in many investing quarters that prevailing levels are remunerative. But this buying power is not yet broad enough to sustain bulges of consequence. Some little time is needed to permit the financial community any business in general to regain its bearings and courage. A period of stability would contribute greatly toward that end. While it may require some patience we believe a great number of stocks hold investment merit at this level.

Rirths Bor* Everett and Esther Merrill. Christian hospital, twins. Girli Vester and Lillian Clark. Methodist hosDl Sa*muel and Elizabeth Mclntire. 1827 Barth. Ermond and Dorothy Kenyon. 1215 St. Paul. Grover and Eveline Adcox. 516 Birch. Deaths Charles Russell Coy, 5 months. 721 Olin. broncho pneumonia. _ ._ , Clara Jane White. 76 1434 Fruitdale. acute myocarditis. Mary J. Cloud. 83. 369 East Terrace, arterio sclerosis. , . Lizzie Brown, 78. city hospital, accllental. , .. . Cora H Lehman. 65 St. Vincent a hospital. carcinoma. _ _ _ , . Cora Jane Good. 66. 4132 Sutherland, coronary thrombosis. Robert Jean Sickel 2 days, city hospital. premature birth. Enoch P Kersev 69. Methodist hospital. hvpostatic pneumonia. Dorothy Van Hook, 10 months. 36 West Vermont, ileocolitis. Annabell Skaggs. 30. 1432 Shepard. Ur Ehza' Thomas. 46. 229 '3 Arch, chronic myocarditis. _ „ . Nancy Jane Pacemire. 77, 1249 West Twentv-fifth acute uremia. Cora Hutchison. 53. 3037 Phipps, cerebral ' Picken, 61. 4105 Carrollton. M?chael Rieger 78. 1638 South Talbott.' ’^VdS. 04 ™. 204 South SumAlton, cerebral C. Cline. 20, Lon? hospital. Katie u M° r Hogan. 52 143 West Twentyfirst. acute cardiac dilatation. Catherine Brockman, 05. 52 East vermont. acute cardiac dilatation. „ Nettle Grace Hornaday 87. 1427 North Delaware, cerebral hemorrhage. Walter A. Parsons, 71. city hospital, chronic myocarditis. Building Permits C. A. Griffith, garage. 4014 Winthrop. *2S. Riler hospital, repairs, 1000 West Michigan. 81.800. Joe Hemill, garage. 2640 Cornell. S2OO. Louis Metelko. dwelling and garage. 717 Arncida. $3,000. Sat reeds Sick Judge [u Timet $ netful I ANDERSON. Inc'.. June 27. m Axles E. Smith, attorney, has c. arg as Judge of city court during the Illness of Judge Jesse Shuman, who lias been in a serious condition lor two weeks.

New York "’"■'(By Thomson Ac McKinnon)” ~

—June 27 Railroad.— vj’’ High. Low. Close. close. Atchison 205 1% IW‘ Ati Coast Line.. Balt At Ohio ...102 MS 101 10 ‘ Chesa * 0hi0...175% 174 175 178 Chesa Corp • • Chi Ort West... 9% ** A Chi N West .... MS “ 5*,, CRI * r loots 97% <% < Del L * W ... in’* 118 11 Del Ac Hudson . .. -• Erie M i 38 38 . 3% great Northern 74V. 74 74 75 ulf Mob Ac Oil 30 ■■■-, Illinois Central .115 U JIJ, Ji J jfktl*™.** 3S 1 Rgfe*r:..B% .8S ijb • •• N V Central ...157 IM’i 155% 158 pir 102 101*4 101*4 ,4 'NY NH Sc H '.*.103*4 100M* 103 Norfolk 1 Ac*” West 224 33 * 2?S PemisTlyanla . .." 7$V 7% 7[* £*&::::::!% i ‘ m* 1 % Southern Ry .. 97 90 4 2 MJa l\ Paul 2" 2$ % 8 W* Maryland..’.". 23% 21% % West Pacific 30 20 Equipment*— ‘ !Am Car St Fdy.. .. ••• . If,, iAm Locomotive. 50% 48 '* 49, 48 4 Am Steel Fd 3P 38 Am Air Brake 8 ~ a 42 Cen Am Tank.. 83 79% 83 83 s Oeneral Elec .. 68% 64% 66 67 t Gen Rv Signal. .. ••• 77 .. Man El Sup. . 9’, 8% 9'i * N Y Air Brake.. .. ... •■■ 38 * Press Stl Car . 7', 6>, 6% 6% Pullman • • 2?, Westingh Air 831 i 38 38 2 38^ ; Westineh Elec *.134 7 s 128 l3l $ 133/a Rubber#— fulk st0ne .::::::: ’j% ~j% -2% k Goodrich 26 25Vs 25 1 * |6% Goodyear ...... 60% 54., 57 59 Kelly Sprgfld 3V 3 , U*S Rubber 21’,4 ’2OVi 02% 21 ,i Auburn 103’* 93U ®B% 104 Chrysler 25% 24% 25% 25,2 Gardner J *'•* ‘ ,x Graham Paige .. 6 sv*5 v* * ® General Motors. 40% 38 38% 40/s Hudson as 3 , 37 a 28 ,* 27^, Hupp I* 13 J 13V, 13 Mack 52% 50 31 52,2 Marmon ® * *' ® • 10 1 Nash 32 s * 31V* 32 s * 32 Packard 13’< 13 13/ 13.2 Pierce-Arrow ... 20% 20 20 21 ro 8 < B'. a 8 ',2 8;< Studebaker 26’* 25% 28 26/, Yellow Truck .. 257, 23 s , 24’, 25',, Am Bosch 30% 30 30 * 30,* Bendix Aviation. 30“ 28 Borg Warner .. 25% 23 s , 24 e 25 Briggs 16% 16 18% 16“* Eat” 22% *1 21% 23% El Storage B ... 64 63 63', 62 Hayes Body 6’* % 6.2 6/2 Houda 10da 10 10- * 10 ,* Motor Wheel • ■ 22V, ... Sparks W 16% 15% 15’2 16 Stewart Warner. 20 3 * 20 20 20, Timkin Roll .... 617s 61' 61V2 62 Mining— Am Metals . ■ 34 35,* Am Smelt 571, 56'* sits 57v Am Zinc , ... 8 83 / Anaconda Cop.. 50'* 48 50 51 Cal & Hecla .... 15 147* 141s 15/a Cerro de Pasco.. 45% 45 45 4oVa Freeport Texas.. 39',2 39 39'* 39 Granby Corn ... 22 20 20% 22% Great Nor Ore.. 19% 19% 19% 19 Howe Sound .... 26% 26% 26% 27% Int Nickel 24% 23% 24 24% Inspiration 15% 14% 14% 15% Kennecott Cop.. 39 38% 38% 391* Magma Cop 32% 33 Miami Copper ... 16% 16% Nev Cons 16% 16% 16 7y , 161* Texas Gul Sul.. 52% 51*/, 51% 511* U S melt 19% 18% 19% 18 Amerada 23 22% 221, 221* Am Republic 16% 17 Atl Refining 34% S3** 34% 34 Barnsdall 211* 21% 21% 21% Beacon 14., 14/8 Houtson 74% 68% 71% 73% Ind Oil 20% 20% 20% 20% Indian Refining 11% 10% 10% 11% Lago Oil ... 23% 24 Mex Seaboard.. 19 18% 18% 18% Mid Conti 23% 23 Pan-Amcr <Bl.. 56% 56'.* 58% 56Ji Phillips 31% 30% 31 31% Pr OU St Gas 37% 37 Pure Oil ... 20'i 20% Richfield 16 15% 15 7 15'/, Royal Dutch 53 51% 51% 51V, Shell Un 18% 18% 18% 19 Simms Pt 20 20 Sinclair 31',a 20% 20% 21 Skelly 29% 28% 28% 28% Standard of Cal 59% 58 95% 58% Standard of N J 64% 63 64 64% Standard of N Y 30% 30 03% 30% Texas Cos 51 50% 51 51 Union Oil 39% 38% 39% Steels— Am Roll Mills.. 54% 52% 52% 53% Bethlehem 79% 77% 78% 79% Bvers AM 73% 69% 71 72% Colo Fuel 47% 45% 45% 47 % Cruc Steel 75 73% 75 Inland 68 Ludlum 25 24% 24% 24% Midland 24% 24 24 24% Newton 29% 29 29 ... Repub I & 5.... 40% 39% 39% 4074

On Commission Row

FRUITS Apples—Basket: Winesap. $3.25: Ben Davis. $2. Boxes: Stayman. $3.75 04; Winesap. $3®3.50. Barrels: Ben Davis. $5.50: Winesap. $708.50: new Yellow Transparent, $3.5004.50 a bushel. Apricots—California. Royal. $2.7503.25 a 20-pound crate. Melons—Cantaloupes. California, standards. $3.25 a crate: ponies. $2.5002.75; Jumbo. $3.5003.75; Honey Dew. $5.50 a crate. Watermelon. 26-pound average. 90c ®sl each. , Cherries—California. 8-pound box. $3.25: Indiana, 24-quart crate. $4.50. Dewberries—North Carolina, $6 a 32ouart crate. Grapefruit—lmperial Valley. $607.25 a crate. Huckleberries—s7.so a 24-ouart crate. Lemons—Fancy California. $7.5008.50 a crate. Limes—Dominican. $2.50 a 100. Peaches —Georgia, $2 a one-half bushel basket; 6-basket crate. $3 0 3.50. Oranges—California Valencia. $609 a crate. Pears—Avocado. California. SBO9 a dozen. Pineapples—Cuban. $3.2504 a crate. Plums—California. $202.75 a 24-oound crate. Raspberries—Red, California. $5 a 24-p!nt crate: black. $3.50. . „ . Strawberries —24-auart crate. Marion county. $607: Michigan. $3.75 a 16-auart VEGETABLES Asparagus—Home-grown, long green. 75 ®9oc a dozen bunches; white. 65c. Beans—Southern stringless. $101.50 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 barret. Carrots—Louisiana. $1.75 a bushel: Indiana. 40c a dozen bunches: California. $3.75 a crate. Cauliflower—Home grown . $2 0 2.50 a bushel. , . Celery—Californl $8.50 a crate of 4s: Florida, washed. si2 a bunch. Corn —Roasting ears. Alabama. $2.25® 2.50 a 5-dozen crate. Cucumbers— Home-grown, hothouse. 65® 90c a dozen. , . . Kale—Home-grown. 6oc a bushel. Lettuce—California. Iceberg: $4 a crate of 4s. ss: extra fancy Marion county leaf. 75c a 15-pound basket. . Parsley—Southern. 65 0 70c a dozen bunches. Peas—Telephone, home-grown. $2.50 o bushel. , Peoners —Mississippi. $2.50 a hamper. Pickle—Southern. $2 a hamper. Radishes—Hothouse, button. 40s a dozen bunches: lone, red or white. 30c. Rhubarb—Home-grown. 65c a dozen. Spinach— Home-grown. 65 a bushel. Tomatoes—Texas. 30-pound lug. $2.25: Marion countv hothouse. $1.50 a 10-pound New. $2.50 a bushel: Marlon county, 45c a dozen bunches. Potatoes—Maine Round Whites, $5 a 150pound baa: Colorado Russet. $4.7505.25 a 100-pound bae—Red River Early Ohio. $4 a 120-pound bag: Southern Triumph. $3 50 a 100-pound bae: new Cobblers. $5.85 a barrel: Sweet. Tennessee. Nancy Hall $2.50: Louisiana Golden Glow. $2.75.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings rrtday June 27. $2,833 000; debits. $7,520,000. NEW YORK STATEMENT 811 United Press NEW YORK, June 27.—Bank clearings. *1 519.000.000: clearing house balance *211.000.000: Federal Reserve Bank credit balance $147,000,000. TREASURY STATEMENT Bu United Press WASHINGTON. June 27.-Tre*suiT net 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 $13,068.311.48.

Investment Trusts

(Bv James T. Hamill & Co.i —June 27Bid. Ask. •Basic Industry Shares 7', 8 1 , •Corporate Trust Shares 6 7 7 3 Diversified Trust Shares A... 20 7 Diversified Trust Shares B ... 18*, l$ r % Diversified Trust Shares C 7*.i 8 Nationwide Securities B*. 8 7 Plied Trust Shares A IS 3 * ... Investment Trust ot New York 9 10 Leaders ol Industry 10' • 10'a North American Trust Shares 8-’ 9'* Standard Oil Trust Shares... 9'* 9 ! , S. W. Strauss Inv. Units 45 48 Selected Amer. Shares 6', 6 7 Trustee Standard Oil Shares B 9’, 9 3 , U. S. Elec 8: Power Shares A.. 35* 3 37* 3 U. S. Elec & Power Shares B 9 s , 10' ■* RAW SUGAR PRICES ' Hieh. Low. Close. January 1.54 1.53 1.53 March 1.62 1.60 1.60 May 1.89 1.87 1.67 .July I*s 131 1.33 September 1.44 1.41 1.<2 December ....... j..... 1.53 1.50 1.51

U 8 Steel .157% 153% 155% 156% Vanadium 79 74% 75 78% Youngst SAt W.. 33 32% 33 32% Youngst 8 6c T 115 Tobaccos— Am Sumatra 10% 10 Am Tobacco IAI .228% 225 226 220 Am Tob (8J...230 227% 229% 231% Con Cigars 39 37 39 39 General Cigar.. „ 57% UK Ac Hrers B 90% 88% 88** 88:, Lorlliard 17% 17% 17% 17% Phil Morris 10 ... Reynolds Tob... *#% 48% 49 4,\ Std Com Tob.. 1 Too Pr A 11% 11 11 10% 'Tob Pr B 4 3% 4. United Cig 6% ... Utilities— Abitlbl 26% Adams Exp 24 33% 23-* 23% Am For Pwr 64% 61% 63 63 % Am Pwr Ac U .. 81-** 78 78 80 A T St T 208% 204% 206% 2U<% Col Gas & E 1... 635, 61 62 , 63 Com Ac Sou 14 13% 13% 13% El Pwr Ac Ll ... 66’, 62% 65% 6o'Gen Gas A 9% 9% 9% 9% Inti T Ac T .... 43 41% 421a 43 Natl Pwr Ac Ll. 36(a 34-* 3b% 30% No Amer Cos ... 96% 8992% 96 Pac Gas Ac El 58 54% 55 , 50% Pub Ser N J .ff. 92% 90 91% 91% So Cal Edison .. 53% 54% 545, 54% Std O Ac El .... 915, 88 89% 91 United Corp ... 31% 295* 30-, 31 Ut Pwr Ac L A .. 32% 31 31% 31% West Union ... 160 159 160 1605* Shipping— Am Inti Corp .. 32% 30% 31% 3154 Inti Mer M pld 204* J2O 20 20 No Gm Lloyd F ... 48 '!* United Fruit ... 87 85% 86 85V* Foods— Am Sug 494* 48% 48% 49% Armour A 4% 4% 4% 4’, Beechnut Pkg 50 Cal Pkg 6254 Can Drv 59% 59% 60 Childs Cos 72 V, 51 51 52 Coca Cola 273 171 173 171 Conti Baking A 22% 21 21 21% Corn Prod 92% 90 925, 94 Cudahy Pkg ... 46 40% 40% ... Cuban Am Sug 5 Gen Foods 54% 52% 53% 54 Grand Union... 12% 115, 12% 1144 Hersey 92 88% 88% ... Jewel Tea 4754 46% 46% ... Kroger 225', 22% 22% 224, Nat Biscuit ... 77 76 77 76 Pillsbury 28 27% Saleway St 7854 77 77 79% Std Brands ... 19 18% 184, 18’,4 Ward Bkg 7 Drugs— Coty Inc 184,1 17% 18 18% Lambert Cos ... 805* 77*4 80 79 Lehn Ac Fink 24% 24 Industrials— Am Radiator... 25 V 4 24% 24% 2454 Bush Term 3i^ 4 Certainteed 5% 5% Oen Asphalt ... 42% 42% 41 42% Lehigh Port 32 ' Otis Elev 59% 57% 59% 5944 Indus Chems— Allied Chem ...263 247% 262% 254% Coni Solv 22 5 4 21 44 2 2 22% Union Carb 685s 65%! 67% 674* U S Ind A1c0... 644% 63 63 63 Retail Stores— Assoc Dry Gds ... 33% ... Gimbel Bros 11% 11 11 Kresge S S 28% 27% 27% 28’,a May D Store 44 444* Mont Ward 335, 314, 3254 334* Penny J C 50% 49% 50% 50 Schulte Ret St 7 Sears Roe 64% 595, 59% 63 Woolworth 5454 53 53% 54% Amusements— Bruns Balke 14% Col Graph 18% 17% 18% 18% Eastman Kod ..195 1875* 192 Fox Film A.... 4154 395a 40 4054 Grigsby Gru 155a Loews Inc 6444 6144 6254 62 Param Fam 56 53% 55 555a Radio Corp 34 334s 34 3554 R-K-O 29% 28% 2844 295a Schubert 13 13% Warner 8r05.... 414* 3f% 4054 414a Miscellaneous— Airway Add 17 17 City Ice & Fu 3854 ... Congoeum .... 12% 12 12 1154 Am Can 11854 113% 113% 117% Cont Can 54 52 53% 53% Curtiss Wr 7 6** 6% 6% Gillette S R 70 68% 70 69 5* Real Silk 2554 24% 25% 3844

Indianapolis Stocks

—June 27 Bid. Ask sme,r Central Life Tns C 0.... 1,000 ‘Belt RR & Yds Cos com 59 Vi 63 ‘Belt R R & S Yds Cos pld... 56 Bobbs-Merrill Cos 30 33 % Central Ind Power Cos pfd.... 88 93 •Circle Theater Cos com 105% ... Citizens Gas 27 Citizens Gas pfd 97 100% Commonwealth L Cos pf 7<r... 97 102 •Commonwealth L Cos pf 8%.. 98 •Hook Drug Cos com new 23 25'/* Ind Hotel Cos Claypool com.. 125 Indiana Hotel Cos pref 101 105 Indiana Service Corp pref 86 •Indianapolis Gas Cos common 56% 61 Vi •Indpls Power & Lt Cos pfd... 102 104% Indpls Pub Wey Loan As com. 53 58 Indpls St Ry Cos pfd 10% ... Indianapolis Water Cos pfd 101 •Interstate U S Cos pr 6% L pf 89 93 Interstate Pub Serv 7% 103 104 Vi •Northern Ind Pub 7% co pfd..loß Metro Loan Cos 99 •Northern Ind P 5%% co Dfd. 92 •Northern Ind Pub 6% co pfd. 101 103 •Progress Laundry Cos c0m.... 44% 47Vi S Rauh & Bons Fer Cos pfd Real Silk Hosiery M Inc pfd.. 96 Shareholders Investors Cos. ... 23 Standard Oil Cos of Ind 48% ... T H I & E pfd 10 ... Terre Haute Trac L Cos pfd... 79 Union Title Cos common 40 ▼an Camp Prod Cos Ist pfd. .. 98 Van Camp Prod Cos 2nd pfd. .. 98 •Ex-Dlvldend. —Bonds— Belt R R & Stock Cos Ss 91 Broad Ripple 32Vi ... Central Indiana Gas Cos 05.... 99Vi ... Central Ind Power Cos 6s 98% ... Citizens Gas Cos 5s 101 Citizens Street Railroad 55.... 42 43 Gary St Ry Ist 5s 65 Home T & T of Ft Wayne 6s. 101% ... Ind Northern Trac Cos 2Vi 5 Ind Rv & Light Cos 6s 95 Indiana Service Corpn 5s .... 88 Indpls Power & Light Cos 55..100Vi 101 Indiana Union Trac Cos 55.... 7 Indpls Col & Trac Cos 6s 92Vi ... Indianapolis Gas Cos 5s 100 Indpls & Mart Rapid T Cos 5s 6 Indpls No Trac Cos 5s II Indpls North Western Cos 10 Indpls Street Ry 4s 29 32 Indpls Trac Ter Cos 5s 81% ... Indpls Union Ry 6s 100% ... Indpls Water Cos 5%s 103 Indpls Water Cos 5s 98% ... Indpls Water Cos lie & ref.... 98 99'/ a Indpls Water 4%s 94 Indpls Water W Sec Cos 5s 88% ... Iterstate Pub Serv Cos 4Vis .... 91% ... Interstate Pub Ser Cos 5s 98 ... Interstate Pub Serv 6%s 103 No Ind Pub Serv Cos 5s ....101% ... No. Ind. Telephone Cos. 6s .... 97Vi 100 T H Ind * East Trac Cos 55.. 64 T H Trac Light Cos 5s ,82 Union Trac of Ind Cos 6s 19 24 -SalesInterstate Pub Serv 7%; 22 shares at. 103%

Produce Markets

Eggs (Country Runi—Loss off deliverd in Indianapolis. 19c: henerv quality. No. 1 21c: No. 2,16 c. 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@loc; ducks, full feathered, fat whites. <c: geese. 6c. These prices are for Nc. 1 too quality auoted bv Kingan & Cos. „ Butter (wholesale) —No. 1, 35 0 36c: No. 2. 33 034 c. Butterfat—32c. Cheese (wholesale selling price per 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. *[email protected]. Pork —Quiet; mess, $31.50. Lard —Firmer; middle west spot, $9.8509.95. Tallow— Steadv: special to extra, 4%@!)c. Pota-toes-Dull and weak; southern. $1.7504; Maine, $303.90. Sweet potatoes—Dull; Jersey basket. [email protected]. Dressed poultry —Steady: turkeys. 20@43c; chickens. 17® 35c: fowls. 14026 c; clucks. Long Island, 14@18c. Live poultry—Dull and weak: geese. 11014 c: ducks. 14®22c: fowls. 19® 22c; turkeys, 15@25c; roosters. 15@17c; broilers. 16®35c. Cheese—Steady: state whole milk; fancy to specials. 25 0 26c; Young Americas. 18% @ 25c. Butter—Market. steady: receipts. 12,416 tubs; creamery. extra. 33c: specie! market. 33%@.34c. Eggs—Market, quiet; receipts, 18.913 cases; nearby white fancy. 30 0 32c: state whites. 25c; fresh firsts. !2% 0 23%c: pacific coasts. 270 34c; nearby browns, 24%@34c. Bu United Press CINCINNATI, June 27.—Butter, steady: creamery in tub lots according to score, 300 33c; common score disocunted 2@3c; packing stock No. 1. 25c; No. 2. 18c: No. 3.12 c; butterfat. 28@30c. Eggs—Steady: cases, included; fresh gathered. 23c: firsts. 20c; seconds. 18c: nearby ungraded. 21'fcc. Live poultry—Thin and coarse stock sells only at heavv 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;1% lbs. and over. 17c: broilers, partly feathered. 17020 c: black springers. 20c.

New York Bank Stocks

—June 27 Bid. Ask. America .-. 95 96 Bank of Nnited States ... 41 42 Bankers 125% 12* MBrooklvn Trust .. *75 685 Central Hanover ' 322 326 Chase National 123% 124% Oratham Phoenix Natl .... 100 102 Chemical 61% 83 Cttv National 132 134 Corn Exchange laS 160 Commercial 390 310 Continental 2* 27 Empire 68 71 First National 4.525 4 600 Guaranty 582 586 Irving 46 46% Manhattan * Company ... 104 105 Manufacturer s9%' 90% New York Trust 219 222 Public 101 12 Chelsea 3i '3B

THE INDIANAPOLIS TIMES

HOGS CONTINUE STRONG TREND AT CITYYARDS Cattle and Calf Marts Are Unchanged; Sheep Hold Steady. June Bulk. Top. Receipts. 20. *3.75 *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. Throwou'ts 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 Med! wts.. 225-250 lbs 9.25 200-225 lbs 9.25® 9.35 LtKht wts. 1.60-200 lbs 9.25 130-160 lbs 90-130 lbs S S'sn Packing sows 7.50® 8.50 —CattleReceipts, 500; market, steady. Beef steers. 1,100-1.500 l bs -. tn good and choice * [email protected] 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 onnr -,, nnn and choic* f-OOgiO.OO Common and medium 5.00® 8.00 Cows, good and choice Common and medium 8 f-2? Low cutter and cutter cows.. 2.50® 4.7a Stocker and feeder steers, good and choice 3.50® 9.00 Common and medium s.ao® 7.00 —Vealers — Receipts. 600: market, steady. Medium and choice $ 8 -22'® 1 2'n!? Cull and common 4.50® 8.00 -SheepReceipts. 1.400: market, steady. Lambs, good and choice 81 9'92^ 1 iS’?2 Common and medium o’?? Cull and common ?n? Ewes, medium to choice .... 2.75® 4.00

Other Livestock Bv 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.. $8.6509.25; 200-250 lbs.. $8.85® 9.25: 160-200 lbs.. $8.850 9.25: 130-160 lbs.. $8.6008.20; packing sows, $7.6508.50; pigs, medium to choice. 90-130 lbs.. SBO9. Cattle— Receitps. 2.000; calves. 1,000: generally steady with week’s advance; fairly active, but hardlv such a scramble on for cattle $11.75; slaughter classes, steers, good and as on Thursday: he* l weighty steers, choice. 1,300-1.500 lbs $10.75® 12 75: 1.100I, lbs.. $10.25012.75; 9?0-U00 lbs., *lO ® 12.25; common and medium. 850 lbs. up. $6.50010.75: fed yearlings, good and choice. 75009.50 lbs.,. $9.75011.75; heifers, good and choice. 8&0 lbs. down. $9.50®11; common and medium. $6.25®9.50; cows, good and choice. $7.2509.25; 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. 59.50®11; medium. $8.5009.50; cull and common. $608.50: Stockers and feeder steers, good and choice, all weights. $8.50 @10; common and medium, $6®8.70. Sheep —Receipts. 5.000; fat lambs, steady to 25c lower; bvlk sorted natives, $11,500:11.75, throwouts mostly $6.25 down; number lots at $5; sheep steady; lambs, good and choice. 92 lbs. down. 12.25; medium. $90:11; cull an dcommon, $6,500:9. ewes, medium to choice. 150 lbs. down, [email protected], cull and common. [email protected]. Bit United Press EAST BUFFALO, N. Y., June 27. Hogs—Receipts, 2,000; holdovers. 400, market generally steady to 5 cents highei, pigs and sows, steady; desirable, 160-240 lbs., $9.75 @9.80; 250-500 lbs. and 120-150 lbs., $9.50 0 9.75; most pigs, $9.50; bulk sows. SB. Cattle—Receipts, 125; trading, light; steady; fat beef cows, $5.5006; cutter grades, $30,4 50; calves, receipts, 600; market, active; mostly $1 higher; good to choice vealers, $12®12.50; medium and plainer grades. 59.50011.50. Sheep—Receipts, 700; better grade lambs scarce, strong to 25c higher: few lots, good to choice kinds, $12,500)13; medium, *10.50® 11. common around $9; aged stock slow, weak to lower; load to medium yearlings, $7.50; fat ewes, $2.50. Bit United Press CLEVELAND. June 27.—Hogs—Receipts 600; holdovers. 76; medium and light weights 15c higher and slow; 150-220-lb. weights 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, $4.7506; cutters. $2.50 04; medium bulls. $406.25. Calves—Receipts, 150: market, fully steady: good to choice vealers. $9013; meduims. $7.50 downward. She***— Receipts, 200: most classes steady: good to choice lambs. $7.50®12; choice grades quoted upward to $12.50; fat ewes, $2.5003. 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.. $9.1509.25: most sows. $7.85@8. Cattle—Receipts. 700. Calves—Receipts. 400; market, generallv steady: some fed steers. $10: a few grass steers. $7: cows. Ss@6; low cutters. s3® 3.50; too sausage bulls. $6: vealers. *ll. Sheep—Receipts. 1.500: market no early sales: generally asking steady, asking $10.75011 for most graded lambs. Bu United Press PITTSBURGH. June 27.— Hogs—Receipts. 1.200: market, stronger 10 cents higher--150-210 lbs.. $9.6509.75: 220-200 lbs.. $9.35 09.50: 260-300 lbs.. $909.25: pigs. $8.75® 9; most sows. $8.75. Cattle—None. Calve.* —Receipts. 100; market, steady. 50 • ,nts higher: bulk vealers, $9011.50. Sl.-.p—• Receipts. 500: market strong to unevenly higher; Ist native lambs. $10012: few yearlings. $708: aged wethers, quoted $3.00 04. Bu United Press TOLEDO. June 27.— Hogs—Receipts. 300market, steady to 10c higher: heavies. $8.600 8.75: mediums, $909.10; Yorkers. $8.5008.75: pigs, [email protected]. 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. UDSB.6O: 175-250 lbs.. $9.20; 130-185 lbs., $8 40- 130 lbs. down, 56.70; roughs. $6.20: stags. $5.60. Cattle—Receipts. 100; market steady; prime heavy steers. *9.50® 10.50; reavy snipping steers, $8 0 9.50: medium and plain steers. $708: fat heifers, $60*50: good to choice cows. *5.50®6.50; medium to good cows. [email protected]; cutters, $3.250 4: canners. $203; bulls, s4@6; feeders $6.5008.50; Stockers. $508.50: calf receipt*. 200: market, steady: choice. SBO 8 50; medium to good s7® 8; common to medium. $4.50 0 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. SSO 5.50: clipped sheep. $2.5003.50. Thursdays shipments—Cattle, none; calves, 18; hogs, 222; sheep, 3.34f. Bu United Press CINCINNATI. June 27.—Hogs—Receipts. 3.181. including 1,081 direct; fyeld over. 270: active, mostly 25c higher except pigs and light lights uo to 140 lbs. which sold mostlv steadv; bulk desirable. 170-260 ibs.. $9.2509.50. mostlv $9-50 on hogs downward from 230 lbs.: odd lots of 280-300 lbs., around $9: better grade, 120-180 lbs.. $8.750 9- few strong weights. $9.25: sows, $7.7508.25; bulk. SB. Cattle —Receipts. 200; calves. 300; slow, supply moderately light; prices on all classes generally steady: odd lots of common and medium grade grass steers and heifers. $608; most beef cows. SSO 6.50: few. $6.7507; low cutters and cutters. $2.50 0 4.50: bulk. s3®4: bulls, largely 55.500 6.25; best weighty kinds quotable uo to $7; good and choice vealers. steady to strong, ip s9® 10.50; lower grades. *6 0 8.50. Sheep—Receipts. 1.300: slow generallv steadv on all classes: lower grade lambs very oraggy. hard to sell; bulk good and choice lambs. *10.25® 11: common and medium. *9® 7.50 with light inferior kinds downward from *5; buck lambs. sß® 9: strictly choice offerings quotable up to, *10; fat ewes, *3.50 downward.

TV 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. On July 15, Canada Dry Ginger Ale, Incorporated, will dialribute tta regular quarterly dividend of 11.25 per share to stockholders of record on July 1. In a letter to stockholders announcing the dividend action, T. D. Saylor, president, atatea that ’’profits for the entire year will be approximately those of the previous year.” Manufacturing economies and other sayings in operations wiU overcome whatever slight decrease in sales the company may experience. a decline of 1.1 per cent, the largest decline of any week during 1930 '* shown bv the wholesale price Index of the National Fertiliser Association, for the week ended June 21. Purity baking corporation, one of the leading producers and distributors of bread, cake and specialty lines, operating flftv-flve plants in thiily-seven cities. Including tne bakery stores of Cushman s Sons, the retail .’evislon now is operating more than 330 stcres located in New York Chicago, Philadelphia. Combined sa'® s volume and the wholesale and retail devlsions in 1929 was probably about $49,000,000. a gain of approximately 10 pe, cent over the preceding year. Principal expansion in the past three years have centered in the -etall bakry “PlatingsFurther 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 4he year ended May 31, 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.

In the Cotton Markets

NEW ORLEANS —June 27High. Lew. Close. January 13.31 13.12 13.19 March 13.40 13.36 13.38 Mav 13.62 13.57 13.58 July 13.26 13.03 13.16 October 13.16 12.90 12.93 December 13.32 13.07 13.30 NEW YORK High. Low Close. January 13.09 13.43 13.43 March 13,57 13.34 13.39 Mav 13*7 13.33 13.59 July 13-82 13.42 13.52 October 13.45 13.15 13.21 December 13.60 13.37 13.38 CHICAGO High. Low. Close. January ~, 13.43 13.23 13.30 July 13.08 11-93 12.93 October 13.25 13.02 13.05 December 13.42 13.20 13.28 Chicago Grain Table —June 27 WHEAT— Prev. Open. High. Low. Close. Close. Julv.. .91% .92V* .90% .91% .91% Sept.. .95 .96'/* .93% .95% .95 Dec... I.ol'/a 1.01% .99% 1.01 1.00% CORN— Julv.. .75% .75% .74% .75% .75% Sept.. .74 .74% .73% .74% .74 Dec... .68% .68% .68% .68% .68% OATS— July.. .35% .36 .35 .35% .35% Sept.. .36% .37 .36% .36% .36% Dec... .4040 .39% .39% .39% Jufy X T~~.47% -48% .46% .48% .45% Sept.. .52% .53 .51% .52% .51% Dec... .58% .59 .57% .58% .57% LARD— July. 9.42 9.47 9.40 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 Bu Times Snecial , CHICAGO. June 27.—Car lots: Wheat, 11: corn. 49; oats. 14; rye. 1. and barley. 5. Bu United Press CHICAGO, June 27.—Cash grain close: Wheat—No. 2 ha-d, 91 Vic. Corn —No. 2 mixed, 77V* ®77Vic; No. 3 mixed, 77c: No. 4 mixed. 76c: No. 1 yellow, 78%®79%c: No. 2 vellow, 78V®79%c; No. 3 yellow, 78® 79c; No. 4 yellow, 78%c; No. 6 vellow, 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% fn 34 Vic. Rve—None. Barley—46®ssc. Timothy—s6.ls®B.2s. Clover—slo® 17.50. Bu 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. Bu Times Xoceinl , , CHICAGO. June 27.—Primary receipts: Wheat. 1,039.000 against 1.229.000; corn. 490.000 against 544.000: oats. 256,000 against 355.00. Shipments—Wheat. 898.000 against 730.000: corn. 399.000 against 488.000; oats, 351.000 against 245.000.

Cash Grain

—June 27 The bids for car lots of grain at the call of the Inidanapolis Board of Trade, f. 0. b.. shipping point, basis 41 lie New York rate. * "wheat—Firm; No. 2 red. 85@87c; No. 2 hard. 83 @ 85c. Corn—Firm: No. 2 white. 76® 77c: No. 3 white. 750 76c; No. 2 yellow'. 730 74c, No. 3 yellow. 72@73c: No. 2 mixed. 71@72c; No. 3 mixed. 70@71c. „ „ Oats—Firm; No. 2 white. 35 0 36c; No. 3 white. 34035 c. , . Hay (f. o. b. country points taking 23%c or less rates to Cincinnati or Louisville)— No. 1 timothy. *l4; No. 2 timothy. *l3: No. 3 timothy. $11.50: No. 1 light clover mixed. *12.50: No. 1 clover mixed. *11.50; No. 1 clover hay. *lO. —lnspections Corn—No. 1 white. 3 cars: No 2 white. 4 cars: No. 3 white. 2 cars: No. 4 white. 1 car: No. 6 white. 3 cars: No. 1 yellow. 7 cars: No. 2 yellow. 6 cars; No. 4 yellow. 1 car: No. 5 yellow’. 2 cars: No. 6 yellow. 1 car; sample yellow. 2 cars; sample mixed. 3 cars. Total! 35 cars. Oats —No. 2 white. 6 cars: No. 3 white. 3 cars. Total. 9 cars. New York Curb Market (Bv Thomson & McKinnon) —June 27Close ; Close Am Cora Pwr A 24%: Marine Mid 30 Am Gas & E1..113 Midwest Ut 27% Am Lt & Tr... 58%! Mo Kan Pipe... 23% Ark Gas 10 'National Av ... 10% Aviation of Am 43 National Inv 12 1 ’ Brazil P & L.. 335/9 5 / Newmont Min .. 83 Can Marc .... 4% Nia Hud Pwr... 16% Cities Serv ... 26% Niles 27% Cons Gas 109%i Ohio Oil 63% Cord 6%; Pantepec 2 Crocker &Wh.. 16 ; Penroad 11 Durant Mot... 2%! Prince & Whtly 10'; Elec Bond Sh . . 75% Salt Creek 9% Fokker 18%|Sel Indus 6 Ford of Can 29% Std of Ind 49% Ford of Eng.... 14% Sid of Ky 31% Ford of Fr 10%! Stutz 1% Fox Theater .. 9 ! Transamerica .. 29% Goldman Sachs 20%jUn Gas 13 Gulf Oil 120 !Un Lt & Pwr... 37 Humble Oil .... 84% Un Verde 10 Ind Pipe 31% Ut In Ind 12% Insull Ut 54 ; Vacuum Oil ... 81% Int Super 32 Walgreen 34% Int Pet 17%1

Net Changes

Bn TJnited Pret NEW YORK, June 27.—Closing prices and net changes on principal stocks traded on the New York Stock Exchange today were as follows: Up. Off. American Can 115’i ... 1 3 American & Foreign Power 63 ... American Telephone 206... l’.s Anaconda 50 ... 1 Bethlehem 78*i ... 1* Consolidated Gas 1023, Genera! Electric 66 ... I*, General Motors 38' i ... 1 J Loew’s. Inc 621a ... National Power it Light... 36*, 1 North American 92' 3 ... S’v Public Service 91* ... J 4 Radio Corporation 34 ... I l * Radio-Keith 28 3 < ... *, Sinclair 203, ... >a Standard iOl New York 30, * ... United States Steel 155 s * ... 7 Westinghouse Electric 131', ... 2',

FOREIGN NEWS HOLDS FUTURE PRICESJGHER Strong Close at Liverpool Is Bullish Factor in Nervous Market. B’jf nited Press 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 levels. A sharply lower Buenos Aires market at mid-day caused a break and some weakness, but the market recovered. Corn followed wheat, but oats was weak. At the close wheat was % to ’j cent higher, corn was % to % cent higher and oats was % 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 % 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.

HIGH CHICAGO OFFICIALS LENT LINGLEMONEY Evidence of Mysterious Financial Dealing Is Being Prepared. Bit United Press CHICAGO, June 27. —Evidence that the mysterious financial dealings of Alfred J. Lingle, murdered Chicago Tribune reporter, extended into public officialdom was under investigation today. The evidence will be placed before the July grand jury, it was indicated, for further check. Soon after a canceled check for SSOO found in Lingle’s bank account had been traced to a loop police captain, evidence was found that the newspaper mm had received loans for varying amounts from Major Carlos Ames, head of the city civil service, and Alderman Bert Cronson. Ames and Cronson recalled having lent money to Lingle, Ames saying he had advanced $2,500 to the $65-a-week reporter and Cronson asserting he did not remember how much he had lent. . Reports that Lingle had received $5,000 from Samuel Ettelson, corporation counsel, right hand man for Mayor William Hale Thompson, were met by a prompt denial from the city official. Cronson is a nephew of Etterson. In addition to information about the loans from the investigators the Herald and Examiner, morning competitor of the Tribune, said the board of strategy had reports that Lingle had received loans of as much as $20,000 from Sammy Hare, gambling resort owner. The newspaper also connected the reporter with two other gambling houses, saying that investigators “had been informed that three days before Lingle was killed state’s attorney’s detectives raided and closed the Biltmore Athletic Club. The next day Lingle called upon an official in the state’s attorney’s office and complained the raid bad embarrassed him ‘because I told them to go ahead.’ ”

Local Wagon Wheat

Cltv grain elevators are paving 79c for No. 2 red dwheat and 77c for No. 2 hard wheat. NEW YORK COFFEE RANGE High. Low. Close. March 6.86 6.82 6.83 May 6.75 6.71 6.71 July 7.20 7.16 7.16 September 7.25 7.16 7.13 December 7.05 6.97 6.D8 I. U. Graduate Chosen Editor BLOOMINGTON, Ind., June 27. Word has been received at Indiana university here of appointment of Ray D. Casey, foimerly of Terre Haute, as editor of the Pennsylvania News, a semi-monfhsly newspaper published by the Pennsylvania railroad for more than 25,000 employes of the western region. Casey was graduated from I'ne university in 1916.

MORTGAGE LOANS 5 3 /4% INTEREST FOR JOHN HANCOCK MUTUAL LIFE INS. CO. AETNA Trust and Savings Cos. 23 N. Pennsylvania St.

James T.Hamill & Company BROKERS ladlanapolls MEMBERS rhleago Stock Exchange Chicago Board of Trad* lodlanapolti Board of Trade A*oc!ated New York Curb 203 Continental Bank Bldg. Tel., Riley 5495-Bl!*y 6494

Dow-Jones Summary

Los Angeles Gas and Electric Corporation twelve months ended Mav 31. net income *4.948.970 after taxes and interest depreciation against $5 957.003 in 19.9 period. LONDON' —New York cables opened at 4.86 1-32. unchanged. Paris rheck*. 123.76; Amsterdam. 12.092: Italv. 92.765; Berlin, 20.39. Licuid Carbonic Corporation declared regular Quarterly dividend of *1 on common, payable Aug- 1. record July 19, General Cable Corporation directors reserve consideration on class A dividend, payable-on Sept. 1. until adjourned board meeting Aug. 12. declared regular Quarterly dividend of $1.75 on preferred, payable Aug. 1. record July 16. Federated Metal Corporation declared a regular quarterly dividend of 15 rents, payable July 16. rccrod Jluv 1. In previoua otiarter eompanv deferred action on dividend. Tobacco Products Corporation resumes dividends with declaration of Quarterly dividend of 20 cents on class A. payable Aug. 15. record July 16. Dividends passed Oct. 30. 1939. prior to which two quarterly dividends of 35 cents each had been paid. I United States Finishing Company has omitted quarterly dividend of 50 cents on common due at this time Regular Quarterly dividend of $1.75 on preferred was declared payable July 1. record June 26. Crown Zellet'bacli Corporation declared regular Quarterly dividends of $1.50 on A and B convertable preferred payable Sept. 1. record Aug. 13. New York Central May net operating income 55.850 771. against 10,009,702 in 1929. Five months $25,796,195. against $41,380,251. Illinois Central System Mav net operating income $1,457,642. against $1,779.881 in May 1929. Five months $8,313,412, against $11,362,427. American Home products Corporation declared regular Quarterly dividend of 35 cents payable Aug. 1 record July 14. Continental Oil Company gets interior department's permission to drive three offset wells in North Uonv; Kettleman hills to Temblor zone to protect its property lines from drainage, but will not be permitted to place wells on production. Southern California Edison May balance $1,636,026 after taxes and charges but before depreciation against 51.696,317 in Mav 1929. Five months $6,963 697 against $6,855,213. Daily average volume of federal reserve bank credit outstanding during week ended June 25. was $975,000,000, decrease of $31,000 000 compared with previous week and $332,000,000 below same week of 1929, according to federal reserve board. Central Railroad of New Jersey May net operating income $640,371 against $663,318 in May 1929. Five months $2,615,301 against $3,229,625. J. G. "White Engineering Company stockholders to vote July 21. on plan approved by directors to split stock five-for-one change part to S2O from SIOO and increase authorized stock to 500,000 shares from 30.000. Adolf Goble. Inc., calls outstanding tenyear, 6 per cent notes on July 7, at 104 and accrued interest. Anaconda Wire and Cable Company declared dividend of 37% cents, heretofore quarterly dividends of 75 cents were paid. Brokers loans decreased $371,000,000 in week to $3,416,000,000 Federal reserve system ratio at 83.7 per cent against 83.3 per cent week ago. and 75.3 per cent year ago. New York ration 88.9 per cent against 85.9 per cent and 77.2 per cent respectively. No announcement on New York rediscount rate which remains at 2% per cent. Investors Equity Company subsidiaries in year ended May 31, including earnings of motion picture capital corporation from date of merger, Oct. 22. 1929, earned $2,89 a common share against $3,41 a share in oreceding year. President Fairourn of Diamond Match Company states directors have determined to proceed with preparation of plan for remcorporation and recapitalization “as important matters affecting match industry and company have been disposed of favorably,” says "it is expect :d plan will be submitted to stockholders ia final from during latter part of summer. Board convinced plan will be greatly to benefit of stockholders. Cleveland Tractor Company declared regular quarterly dividend of 40 vents on common, payable July 15. recoru June 30. Bell Telephone Company declared regular Quarterly dividend of $2 on common, payable June 30. record June 30. Federal reserve bank of New York monthly review says May sales of reporling departmentjjßlores in this district averaged B per t larger than in J 929. Stocks of mercu.:dise on band at end of month slightly smaller than year ago. May sales of reporting wholesale firms showed 14 per cent decrease from a year ago. Total sales of chain stores in May below April, but slightly larger than last year. Senate adopts Walsh bill amending gen- ! eral leasing act of 1920 to permit government and lessees of its oil lands at Kettleman Hills to join in agreeemnt with other operators to curtail production and eliminate waste. Reading Company declared regular quarterly dividends of $1 on common and 50 cents each on first and second preferred stocks.

% H I fj| \W §F y|jj p W End, June 30 I Vt Ends June 30 50%1<j'50% Ob A'J Side Wall Papers Including BT OpU I Newert Fashions Sc' Papers/ C Bor-' §¥4 $ in WaU Paper . der Prices Are 3c, Pay Only % Our 5c and 6c Per J Regular Marked Yard. None High- Price*. XO TO DEALERS Kitchens Bedrooms Living Rooms 1 C Roll DC P Roll lOc Roll j| JLr* Cut cut G! | Price Price Price I 14-oz Embossed’Gold Tapestries Rough Plastic pffi 15C rlu 20C fan 35C rlu B 7|c p. 1 0 c m/H . . . Sold with Borders—Non* Hither than 6e Yard. This includes oar Panel Binders. Gold Cot-outs, Flitters and Applies*. n MARTIN n KosenbergeK “THE WALL PAPER KING” 140 S. Illinois 300 N. Delaware Satisfaction or Money Back.

PAGE 13

BAN ON SALE OF SUBMARINES TO JSSIANS U. S. Refuses Firm Right to Build War Vessels for Soviet. Bu United Press WASHINGTON. June 27—Officials revealed today that the stats department had intervened soma time ago in a transaction by which an American firm was to construct submarines for Soviet Russia. Tha 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 Company 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 w’hich, 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 j made effective, the United Press was i 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 *hat kind as confidential until otherwise notified by the American concern involved. Chicago Stocks , )By Jarnes i nam!!l & co.i -June 27 TOTAL SALES 192,6(10 SHARES High. Low. Last. 'Adams Mfg 31% 30% 31% Amer Equities 14% 14% M% Art Metal Works 11% 11 II Assoc Tel St Tel 21% 21% 21% Auburn Automobile ....101 95 97. Bendix Aviation 30% 28% 29% Borg Wnrner 25% 24 24% Brown Fence & Wire A 22V* .. . .■ ■ Burnham Trading .... 7% 6% o% Bu.ler Bros 8% 8% 8% Ccco Mfg Cos 10 Cent 111 Securities 24 Cent Pub Serv Class A.. 29% Cent & 'So West •22% 22 22% Chi Citv St Con Rvs pfd 13 ... Chicago Corp 10 * 10 U> * Chi Corp pfd 28% 37 37%, Cities Service 26% 26% 20% Commonwealth Edison 285 283% 208 Conti Chicago ctls .... 15% 15 10% Cord Corp 7% 7 7 Corp Securities 21 20% 21 Conti Chicago pfd ... 44 43% 44 Electric Household 41 4040% Electric Research Lab. 1 General Theater Equip 33 31% 32 Gleaner 27% Great Lakes Aircraft... 5% 5 5% Houdaillc-Hershey A... 19 Houdailie-Hershey 8... 10% 10 10% Insull Util Invest 55% 53% 54% Insull U inv bonds 6'. .100% 100% 100% Iron Fireman 25 j Jefferson Elcc 31 Kellogg Swith com 4% .. ... I Ken-Rad Tube St Lamp 7% 7 <V* Lane Drug V T C 2 Lion Oil Refining C 0... 22% 22 22 Lynch Glass Machine.. 18% 18 18% Manhattan Dearborn .. 30 29% 30 Middle West Util 'New) 27% 26% 27% Midland United 25% 25% 25% Missouri Kan Pipe line 23% 23 23 Modine 49% 48 49% Majestic Prod 40% 38 38 National Elec Pwr A' .26 National Repub Inv ... 42 41 41 National Securities Inv 13% 12% 13 Natl Securities T nv efts 79% 79 79% National Stand*..d .... 28 27% 28 Noblitt Sparks 44% 41 44 North American Car... 39 38% 39 North Amer Lt A Pwr. 65% 63 65% No &So Amer Corp... 14% 13% 14% Perfect Circle 29 Raytheon 18%. ... ... ’ Reliance Mfg Cos 9% 9% 9% Seaboard Utilities Sh 5% 5% 5% Steinlte Radio 1% Stone II O & Cos 8% 8 8% Super-Maid 14 13% 13% Swift St Cos 23% 28'* 23% Swift International ... 32 31'* 32 Unit Corporation 14% U 3 Radio & Tel 17 Utah Radio 7'i 7 7'i Utilitv St Ind 13% 12-% 13 Utility St Ind pfd 21% 21 21% Zenith Radio 8% 7% 8 New York Liberty Bonds —June 27 3 %'S 101.10 Ist, 4',s 102 30 4th 4%S 102.26 Treasury 4Vis 112.22 4s 108,23 3%s 105.28 3%s of 47 101.28 3%s of ’43 102.85-