Indianapolis Times, Volume 42, Number 45, Indianapolis, Marion County, 2 July 1930 — Page 15

JULY 2, 1930-

STOCK SHARES HOLD FIRM IN QUIETSESSION Early Dip Overcome by Go:*d Buying Support; List Is Steady.

Average Stock Prices

Avert it* of thirty industrials for Tuesd*T wm 223.03. off 3 31. Averse* of twentv r , j> til 128 97. UJ> 97 Average of twenty utilities * off 1 **• * ver " •ee of forty bond**** 95 07. uo .16. B'l United Press NEW YORK. July 2—Aside from a few weak spots, the stock market today held firm through the first half of the session with trading quiet. The majority of issues gained fractions to more than two points. Bteel met good buying support and held above 157, against a previous close of 156'* and other industrial leaders were higher. Rails were steady in a narrow range while oils were fractionally higher. Utilities were unchanged to more than two points higher around noon. Money Firm Call money renewed at 2’j per cent and held at that figure throughout the first two hours. Wheat and cotton were slightly easier. , x Some selling cropped out in stocks after the opening on expectations of Steel production being depressed to 50 per cent of capacity this week due to the holidays forcing manj plants to close. The market met support on the decline, however, and stocks resumed their upward movement. A. T. * T. Moves Up Around mid-session United States Steel was at up : General Electric, 68, up *4; American Can. 11976, up I’6: Vanadium, 91'*. up 2'6: Westinghouse Electric, 136, up ;• united Aircraft, 52 s *, up 1; American Telephone, 2074. up 17*; Electric Power and Light, 68 i, up 27*; Consolidated Gas, 1074, up 14; Houston Oil, 754, up and St'andard Oil of New York, 3176 UP American Rolling Mills met heavy selling pressure that forced it to anew low for the year at 48. off 4*i. Earlier this year the stock Bold as high as 1004. Simmons Company was another weak spo,, dropping 276 to 2246. Proctor and Gamble declined 24 to 68.

Banks and Exchange

INDIANAPOLIS STATEMENT CHICAGO STATEMENT F CHICAO^ r Sulv 2 Ba.nc clearing $143.800.000; balances 815,100 003. NEW YORK STATEMENT * nU/'"oRK* Julv 2, Bank cleannjs $1 763 ooo.noo, clearing house balance *429. ono 000 Federal Reserve bank credit balance $219.000.000 TKEASI’KY STATEMENT F 'liusmNGTON Julv 2—Treasury net balance on June'3o. the end of the fiscal ▼ear was $318,607,168.11 Customs reeipts for the month to that date totaled 872 170 328 02. Government expenditures or June 30 were $36,996,252.28.

GARY INTERESTS GET LOAN OF $10,000,000 Huge Fund to Be Used in Expansion of Telephone Company, Bu United Press KANSAS CITY. July 2.—Not content with the meteoric expansion of a business which had its humble beginning as a house mover in a rmall Missouri town less than twenty-five years ago. Theodore Gary today planned still further conquests for his Associated Telephone and Telegraph Company. A romance of big business was climaxed fittingly Tuesday when the Gary interests announced completed negotiations with Bancam-eric-Blair of New York for a $lO,000,000 industrial loan to expand the company’s business here and abroad. Chicago Grain Table WHEAT— ~ July * Prev. Open Hißh Low Close close Julv . .90'., .92 .89% .91% •*s;* Bent 94*‘. 96 .93 l e 95% .94-. Dec 1.00 I.ol'i .99 I.OIU 100’, Julv.. .73% .76% .73*, -75% i 4^ 4 :B% 'el': is?-: 2 Jufv 34 34% .S3;, .34% .34^, Sept . 36 .36’j3335 3 ,36 3 n .36|n Dec \ ,39'd .39*4 •39 , .39% -39 j Juh- Y f~.47' 2 .48’, .47% .48'. .47% Rent 52 .52 3 .51 , ,52' .52 1 * Sic*. .56% .57% .57% .58% .58% '9.30 9.M 9 15 9.15 9 30 BELLIES — JugT. -77! 13.87 ,3 * 7 tept. -.. 12 79 12-70 B cSic ago" r j'l uv 2.—Carlot.v Wheat. 17; corn. 67; oat*. 15; rye. 0. and barley. 0. jtu United Pm* , CHICAGO Julv 2 -Cash (train close: Wheat No. 2 red. 9l\c; No. 2 hard. 90c: No. 3 hard. 82c. Corn—No. 2 mixed. 79c; No 3 mixed. 7:*./77' ;c: No. 1 yellow. 77% 0t 7*Bo, No. 2 vellow, 77'078%c: No. * yellow 76%®77%c: No. 4 vellow. 76%e: No 2 white B!®Sl%c: No. 3 white. 81e; sampie grade. 62 (70%c Oats—No. 2 white. 36%*i37c; No. 3 white. 34*. .i36H<: No. 4 white. 34*20. Rve—None. Bariev— . 4?54c. Timothy—s6.7s *s 8.25. Clover—slo® 17.50. P* Vnitirt Prr** TOLEDO. Julv 2—Gram close: WheatNo. 2 red. 95%'j96%c. Corn—No. 3 yellow. 82% 4 ?83%C. Oats No 3 white. Al'.i 43c. Rve- No. 2. 76c Bariev—No. 2. 56c. Clover—Domestic, cash. $12.<5: prime choice. sl2 95 October. sl3 50; December. 813 75. Alsike— Cash. $11.30: October. $11.60. Butter—Fancv creamery. 37®38e. Kites— Country run. 204121 c. Hay—’Timothy. $1 25 cwt.

Investment Trusts

ißt Jsmvs T. Hamlll) —July 3 Bid. Ask. Bssic Industry Shares 7% 8% Corporate Trust Shares 7% 7% Diversified Trust Shares A 21% ... Diversified Trust Shares B ... 18% 19*. Diversified Trust Shares C... 7’, 8 Nationwide Securities 8% 9 Fixed Trust Shares A 18% ... Investment Trust of New York 9*. 10% Leaders of Industrv 10% 11% North American Trust Shares.. 7% 8 Standard Oil Trust Shares.. 9% 9% S W Strauss Inv Units 45 49 S-lected Amer Shares 6-** 7 Trustee* Standard Oil Bhares B 9% 10 tJ S Kec & Power Shares A 35*. 37% D S Elec & Power Shares 8.. 9*. 10%

Local Wagon Wheat

Cttv train elevators are oavine 77c for No. 2 red wheat and 75c for No. 2 hard wheat. ~ Answer False Alarm Police emergency squads today at noon answered a bandit alarm from the Security Trust Company at 111 North Pennsylvania street. The alarm was turned in accidentally when a bank employe stepped on an alarm button.

New York Stocks ) 11 "” """

-July 3- Pr „. Railroad*— High. l£ D Close AtehUon 310 2094 209 * 209 * Bait Sc Ohio }!" Chess 4 Ohio tljj Chesa Corn Chi Ort Weft C R I dc P 89 • .?? 3 DeIL&W.. U®, Erie • •• —i- 2", 4 Great Northern. 78 li 2 Ouif Mob Sc on 32’. 314 32. 33 Illinois Central **•• **® * Kan City So ,*9,, Lou Sc Nash 1344 1344 MK & T 36 4 364 Mo Pacific pfd • 120 4 N Y Central 159 1534 1534 159 NY NH Sc H 1024 103 Nor Pacific 22 a 734 NorfoU Si West 222 O Sc W J 2, Pennsylvania ‘44 7J4 Reading 8 Southern Rv.... 92 91 61 ?04 St Paul !‘L a 4S D P 664 18*. Union Pacific ..-209 4 208 209 4 2034 Wabaxh 33 4 33 33 4 33 4 W Maryland 244 2® 24 4 24 Eonlpment*— , Am Car * Pdv 534 53 Am Locomotive 49 ®2 * Am Air Brake S .. ®2 Oen Am Tank... 83 4 83 83 a *3 General Elec.... 69*. 74 M i ®‘ * Oen Rv Signal.. 804 *0 80 Lima Loco " ’'7l4 Press SU Car.. -- -i: J' Pullman 66 64 *4 85 Westlnkh Ar 8.. .. .S?, Westlnah Elec .137** 1344 137 135/* Rubber*- ~4 24 Ooodrich -.1, £!,. agii Goodyear 584 56 * 58 * 58 * U 8 Rubber ilv * Chrvsler 27 4 27 27 Z< Graham Pal*?-. ... ° General Motors.. 404 39 4 40 39 . Hudson 31 4 30 4 30 * 30 MaCK ...*•••••• ••• loti 10 5 , Na** 1 ? 01 ?.:::::::::: ••• 4 324 Packard 13** 13 134 13/a Pierce-Arrow g T £ Studcbaker .... 27 4 36 4 27 27 4 Yellow Truck .. .64 244 25 24 * Motor Accea* — ~,, Am Bosch •*• -c- 2£ /8 Bend lx Aviation 30 4 30 30 30 Borg Warner ... 274 274 274 27 Briggs 1376 164 164 164 Campbell Wy 1,8 -aa El Storage 63 /4 Hayes Body ... ... .? 8 Houda 114 104 U 11 Motor Wheel .. ... ••• Sparks W 174 17V. 177. 174 Stewart Warner ... ••• Timkin Roll ... 59 574 58.* 58 A Am MfUta 59 58V* 584 344 Am Smelt Am Zinc • •, -:- 7 , *gj a Anaconda Cop.. 50 3 * 49/4 49,4 49 „ Cal & Hecla .... ••• JJJi Cerro de Pasco.. 81% 51 51 50/2 Freeport Texas.. 404 <0 4040 Granby Corp 23,a 227* Great Nor Ore Howe Sound ..., • c\ u x!/ 4 int Nickel 24 4 24 24 4 2,4 Inspiration I® B iS, /4 Kennccott Cop.. .. 39 38/2 Miami Copper.. 174 174 174 13/2 van Cons .. ••• lo ,8 16 2 Texas GulSui.. 534 527a 534 52 ; U S Smelt 1 7 -® 18 Oil*— o,l' ~i /2 \m Republic.... ... ••• I5 3 . Atl Rehning 354 35 4 35 * 3o* BarnsdaU 23 224 23 22 * Houston 754 ‘47a 74,a 74 4 Indian Refining.. 11 li 11 11 li,, Mex° Seaboard.'.' 204 184 20 194 Pan-AmeV (Bi.V 58 574 58 57* Phillips 32 31Va 317a 31 * pur?o* 264 '264 ‘264 204 Richfield 174 174 174 16 Royal Dutch .... .. 5?,? Shell Un 18*4 184 187a 184 Simms Pt •• ••= 21 20^4 Sinclair 224 214 22 21% Skellv ......... 30 4 30 30 30 Standard of Cal .. .•• 60 60 . Standard of N J 66% 65 2 65 * 65/4 Standard of N Y 314 31 * 31 * 31 a Texas Cos 514 5i 51 517. Union Oil 40

Mills.. 51*. 51% 51% 52% Bethlehem 81% §0 * §0 4 80 s Bvers A M 74% '3.2 74 8 (1 Colo Fuel 48 ? 47 Cruc Steel 7 L a Ludlum Hi,* Midland •■ . -i.* 24 ,• S?,, Newton . 31V4 31 31 2 31 , Renub I& S • • —i, ,i 2 U S steel 158% I* B * Idß I*6 . Vanadium ...... 82*2 79% 81 79 Youmtst S & W 35 ■ Tobaccos — Am Sumatra... Am Tobacco <A> ••• 22; ££%.. Am Tob ‘B>. ...232% 231 231 232 2 General Clear... .. ••• J? 8 •<;; Lilt & Myers 8.. 91 90% 91 91 Lorlllard ..... 18% 18% 18 a ms Reynolds Tob. • .• ••• ll 3 ! Tob Pr A ‘P* 11 * Tob Pr 4 Utilities — Abltibl •• , 23 / 4 %;,■ Adams Exp 24% -4 2 24 a 24 a Am For Pwr ... 65% 63% 63 8 63 2 Am Pwr A: Li... 81 3 4 81*%? Bl 3 4 82*2 AT&T 207*4 206% 206% 208% Col Gas A- E 1... 64 63 63% 62-, El 0r Phi.::: 69 '67% 68*, 66% Gen Gas A 10% 10% 10% 10 Tnt! T A: T . 44 I 'a 43Mi 44 43‘a Natl Pwr & LI.. 38% 37*fc 37*4 37% No Amer Cos 94% 93 93/8 93% Pub Ser N J ... 94% 93 93% 93, a United Corp ... 32 31V, 31 s 31% Ut Pwr * L A 32 ■ 4 32 8 Shipping— Am Inti Corp .. 32% 32% 32% 32% United Fruit 87 '• 87/2 Foods— - Armour A .2, Childs Cos • • : • • ,2S. * Coca Cola 174 173 173 %3 ( , Cont Baking A 23 , -3 , Corn Prod 22, > Cudahy 39 * Cuban Am Sugar .. ••• ,4i* s? Gen Foods 54*, 53 2 53% 54 Grand Union 12 l2** Ji," KroSter**.* .V.V.V 27 26 27 25 Nat Biscuit 82*2 81 % 81 8 81 b

New York Bank Stocks

—July 2 Bid. Ask. America 100 102 Bank of United States 41*4 42% P ankers 1 33 * 33 2 rooklyn Trust 6*o 695 Central Hanover .. 337 340 Chase National ........... -J3l 2 133 Chatham Phoenix Natl .. 102% 104 2 Citv National 138 139 2 Corn Exchange *49 I*3 Commercial 38* 4uu Continental 26 27 First National 4.800 4.875 Guaranty *>‘o 612 Irving 47 47*2 Manhattan & (Xjmpany 108 110 Manufacturers 94% 95% N-w York Trust 330 234 Public 101 103 Chelsea 33 3< Births Bovs Charles and Olive Lentz. 3425 West SixLester and Lodorls Davis. 1402 W'est Ernest and Annie Adams, 769 Indiana. Louis and Margaret Herbst. 2546 Villa. Armer and Delsie Johnson. 510 West H Fefthlm and Slatka Tarpoff. Christian Tom and Tasia Soflas. St. Vincent s hos--01 Don ald and Agnes Hoffmsn. St. Vincent’s h °Will!ain and Jennie Gross. St. Vincent’s and Madge Horton. St. Vincent's and Jewel Watson. 1734 North Meridian. . Girls Homer and Marie Lutz, 1037 North Jef*ej?ancts and Margaret O'Brien. St. Vincent’s hospital. Howard and Mabel Jones. St. Vincent s ' l °Car'. S and Eleanor Boerslg. St. Vincent’s h °xfadris and, Isabella Gernstien. St. VineeFTedrlckPand Pearl Button. 641 Collier. Herbert and Margaret Pedlow. Methodist h °DonaM and Ettarhea Griffey. Methodist h< joh. t n‘and Bernice Brayton. Methodist h *Este* l and Margaret Cauble. Methodist *' C> vfalter and Bertha Hunt. Methodist hospital. Deaths Emma Meade. 84. 1927 North New Jersey. arteriosclerosis. Ophelia B. Mills, 58. city hospital, cerebrospinal meningitis. ° Flora E. Benedict. 74. 1041 North Jeffer50Annie C Hammond. 37, citv hospital, acute myocarditis. Edgar M Thompson. 49. 3319 North Dresel. carcinoma. Louie Johnson. 63. 2060 Winter, carclnoma. Ella J. Covington. 56. Central Indiana hospital, general paralvsis Carl Carson. 31. city hospital, meninSl Fern E. Griffith. 47. Methodist hospital, pulmonary edemz. . „ . Ernest Buckler. 43. citv hospital -etebral hemorrhage. Charles M. Day. 72. 2662 Northwestern, acute cardiac dilatation. , Frances Hummel. 32. Central Indiana hospital ouimonarv tuberculosis. , Gladys Gertrude Goss. 32. Methodist hospital. lobar pneumonia. „ . William Edwin Day, 17. South East and Railway, accidental. Jesse R. Smock. 60. 1924 North OlneT. broncho pneumonia. Rose M. Rlelag. 70. St. Vincent s hospital. broncho Dneumonia. .. _ Bobbv Parsley. 2 mo.. 307 North Beville broncho pneumonia. John Schenck. 18. Methodist hospital, cerebrospinal meningitis. .. Martha EUa Jamerson. 34. SU North acute perUoaitls.

Piilabury 304 Safeway St 814 804 Std Brands 19 I 9 Drugs— Coty Inc 19'a 19 19 184 Lambert Cos ?, Uhn St Fink 254 2a7a Induatrial*— Am Radiator ... 254 35 2a . 254 Bush Term 324 32Va Certatnteed 64 Gen Asphalt .... .. . J34J 2 a Otia Elev 634 62 62 614 Indus Chems — „„ Ailed Chem ....261 260 260 262 Com Solvi 234 23 4 23 4 23 4 Union Carb 69 4 684 694 68 * U 8 Ind Alco 69 4 687* Retail S.ore*— Assoc Dry Gds 56 4 Gimbei Bros J?. 8 Kresge S S 28* 2/4 May D Store . 45 444 45 4j4 Mont Ward 35 34 4 34*. 34 Penny J. C. ... 51 507* 51 51 Schulte Ret St , 4 Sears Rce 62*, 63 4 Woolworth 574 57 57 56V Amusements— ... Bruns Balke ... 154 157* 154 4'* Col Graph 18 177. 18 187. Eastman.Kod ...198 195 4 198 1934 Fox Film A ... 404 404 404 404 Grlgsbv Gru ... 154 15’a 154 154 Loev/g Inc 65 4 65 65** 65 Param Fam ... 564 z 56 56 554 Radio Corn .... 35 4 344 35 4 244 R-K-O 30 4 29 4 30 30 Schubert 144 144 144 134 Warner Bros .. 414 414 41’* 41Va Miscellaneous— Airwav App 164 City Ice & Fu 394 39 Congoleum 1274 124 124 124 Am Can 1204 1118** 1194 1184 Cont Can 55 4 54 4 54 4 54 4 Curtiss Wr ... 74 74 77* 774 Gillette SR... 684 68 ‘.B 63 Rea! Silk 404 U S Leather A ... 1774

Indianapolis Stocks

—July 2 Bid. Ask. mer Central Life Ins C0....1,000 •Belt R R & Yds Cos com 59 74 63 •Belt R R & S Yds Cos pld... 56 Bobbs-MerrlU Cos 30 3374 Central Ind Power Cos pfd.... 88 93 •Circle Theater Cos com 10574 ... Citizens Gas 27 ... Citizens Gas pfd 97 10074 Commonwealth L Cos off 74... 98 102 •Commonwealth L Cos pi 8 Cos. 99 •Hook Drug Cos com new 23 2574 Ind Hotel Cos Ciavpool com.. 125 Indiana Hotel Cos pref 101 105 Indiana Service Corn pref 86 ... •Indianapolis Gas Cos common 56 74 61 74 Indpls North Western 5 •Indpls Power & Lt pfd ....102 104 Indpls Pub Wev Loan As com. 53 58 Indpls St Ry Cos pfd 10 12' 1/4 Indianapolis Water Cos pfd ...101 103 •Interstate USCopr6%L pf 88 4 93 Interstate Pub Serv 7% 101 •Northern Ind Pub 7% co pfd. 106 Metro Loan Cos 89 •Northern Ind P 574% co Pfd. 92 ... •Northern Ind Pub 6% co pfd. 99 1024 •Progress Laundry Cos c0m.... 4474 4774 S Rauh Sc Sons Fer Cos pfd Real Silk Hosiery M Inc pfd.. 56 Shareholders Investors Cos. ... 23 ... Standard Oil Cos of Ind 49*4 ... T H I & E pfd 1074 ... 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 •iX-Dividend —Bonds— Belt R R & Stock Cos 5s 91 Broad Ripple 41 ... Central Indiana Gas Cos 55.... 9974 ... Central Ind Power Cos 6s 98 '/a Citizens Gas Cos 5s 101 102 Citizens Street Railroad 55.. 42 43 Garv St Rv Ist 5s 65 Home T & T of Ft Wavne 65.10174 ... Ind Northern Trac Cos 274 5 Ind Rv & Light Cos 6s 95 Indiana Service Corpn 5s 88 Indpls Power & Light Cos 55.. 100 74 101 Indiana Union Trac Cos 5s 7 Indpls Col & Trac Cos 65.... 9274 95 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 30*4 Indpls Trac Ter Cos 5s 81 '/a ... Indpls Union Ry 6s 100*/* Indpls Water Cos 54s 103 10474 Indpls Water Cos 5s 9874 Indpls Water Cos lie & ref 98 994 Indpls Water 474s 94 95 Indpls Water W Sec Cos 55.... 884 ... Iterstate Pub Serv Cos 474s .... 9174 ... Interstate Pub Ser Cos 5s 98 ... Interstate Fhib Serv 674s 103 No Ind Pub Serv Cos 5s ....10174 ... No. Ind. Telephone Cos. 6s .... 97 74 100 T H Ind & East Trac Cos ss. 64 T H Trac Light Cos 5s 82 ... UniOD Trac ol Ind Cos 6s 19 24 —Sales— Indpls Water Cos pfd. 30 Shares at 101 Indpls Street Ry 4s. 1 Bond at 29

Produce Markets

Eggs (Country Runi—Loss off deliverd In Indianapolis. 17c; 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: spongers. 2% lbs. or over 21c: under 2% lbs.. 19c; Leghorn springers, 14c: old cocks. 9@loc: ducks, full feathered fat whites. 9c: geese. 6c. These prices are lor No. 1 top auallty quoted bv Kingan & Cos. Butter (wholesale)—No. 1. 35@36c: No. 2 33® 34c. Butterfat—32c. Cheese (wholesale selling price per pound)—American loaf. 31c; pimento loaf. 32c: Wisconsin firsts. 27c: Lognhorns. 34c: New York Llmberger. 36c. Ci/ T’liifed Prrss NEW YORK. July 2.—Flour—More active and firmer; spring patents. $5. 25® 5.60. Pork—Quiet; mess, $31.50. Lard Easy; midwest spot. $9.80® 9.90. Tallow— Quiet; special to extra. 4 3 /,®5. Potatoes —Weak and lower; southern. [email protected]: Maine. $2.8503.10. Sweet potatoes—Firm and lower: jersev basket. [email protected]. Dressed poultry—Steady: turkeys. 20@43c; chickens. 17(335c; fowls, 140:43c: ducks. Long Island. 13®18c. Live poultry Steady to firm: geese. 10®12c: ducks, 12® 23c: fowls. 19 r a 22c: turkevs. 15®25c; roosters. 15017 c: broilers. 200 33c. Cheese —Full: state whole milk, fancv to special. 25026 c; young Americas. 18'i@25c. Si/ United Preen CHICAGO. July 2.—Eggs—Market steady: receipts, 10.582: extra firsts. 20%c: firsts, 20c: current receipts. 19c; ordinaries. 18® 18%c: seconds. 16c. Butter—Marxet easy: receipts. 7,811; extras. 32%c: extra firsts. 30%(</31c; firsts. 28% 0 29%c; seconds. 26 027 c; standards, 32%c. Poultry—Market steady: receipts. 1; fowls. 19c; springers, 26c: Leghorns. 14c: ducks, 13c; geese. 16c; turkevs. 18c; roosters. 14c; broilers. 21c. Cheese—Twins. 16%017c: voung Americas, 17%c. Potatoes on track. 239: arivals, 70; shipments. 781; market barely steady on barrels, firm on sacked stock: southern sacked bliss triumphs. S2O 2.35: southern sacked Irish cobblers. $1.75 02: Kansas and Missouri sacked Irish cobblers. $1.70® 1.75: North Carolina barrels Irish cobblers. $3.500 3.75: Virginia barrels Irish cobblers. $3.750 4.20. Bn United Prr*s CINCINNATI. July 2.—Butter—Higher; creamery in tub lots according to score. 300 33c: common score discounted 2®3c; packing stock No. 1. 26c: No. 2. 20c; No. 3, 15c: butterfat. 280 300. Eggs—Steady: cases included: Fresh gathered. 22c; firsts, 19c: seconds, 17c; nearby ungraded. 20c. Live poultry—Thin and coarse stock sells onlv at heavy discount: fowls, 5 lbs. and over. 20c: 4 lbs. and over. 18c: 3 lbs. and over. 18c. Leghorns. 3 lbs. and over. 16c: roosters. 13c: colored frvers over 3 lbs.. 34c: broilers, colored over 2 lbs.. 29c; broilers, over I*2 lbs., 21c; I*4 lbs. and over, 25c: Leghorn and Orphington broilers, over 1% lbs.. 22c: I*4 lbs. and over. 16c: broilers, partly feathered. 17® 20c; black springers. 20c. Bu United Prrut CLEVELAND. Julv 2.—Butter—Weak; extras. 36%c: extra firsts. 36%c. Eggs Steady: extras, 21%c: firsts. 19%c Poul-try-Steady; fowls. 23®24c; medium. 230 24c: Leghorns. 15020 c; heavy springers. 25 030 c; over 3 lbs., 30@35c: Leghorn springers. 16® 22c: ducks. 12®’20c: old cocks. 12(fil4c: geese. 10®15c. Potatoes — Arkansas. [email protected] per 100-lb. sack.

In the Air Weather conditions in the air at 9 a. m.: North wind, fourteen miles an hour; barometric pressure, 30.04 at sea level; temperature, 65; ceiling, unlimited; visibility, twelve miles; field, good. Arrivals and Departures Mars Hill Airport—Three national guard planes from Stout field to Camp Ilnox. Ky.. carrying Colonel E. F. McCoy, Lieutenant-Colonel Paul ..-echtman, Lieutenant-Colonel Robert Young. Major Richard F. Taylor, First Lieutenant M. G. Carpenter and First Lieutenant Howard H. Maxwell; Embry-Riddle passengers to Chicago were G. A. Graham, 2918 Central avenue; Dan Showers, New York: W. C. West, Chicago, and Paul Martin, 115 East Twentyfirst street; passengers to Cincinnati included W. N. Davis, Cincinnati and R. H. Kennedy, New York. Hoosier Airport—Kinnaird Rowe, Louisville to Indianapolis and return. Great Lakes plane, overnight; William Green, Cincinnati to Kansas City. Inland Sport plane: Clarence Dowden, Louisville, to Indianapolis. Chevolaire. Employi's Hold Fun Fete Employes and families of the Hoosier Electric Refrigerator Corporation, 943 North Meridian street, held their second annual fun fete at Forest pwrk, Noblesvilie, Tuesday.

THE INDIANAPOLIS TIMES

UPWARD TREND HELD BY HOGS AT CITYYARDS Cattle Market Sells Steady to Higher; Sheep Trade Off. June Bulk. Top. Receipts. 25. $9.10 $9.15 7.000 36. 9.15 9.20 5.000 27 9.25 9.35 5.000 28. 9.3509.40 9.50 2.500 30. 9.45 9.40 5.500 July 1. 9.4509.50 9.50 5.500 2. 9.50 9.60 5.500 The higher trend continued unabated in hogs at the local yards today, prices for the bulk, 160 to 300 pounds holding 5 cents higher at $9.50. The top price was $9.60. Receipts were estimated at 5,500; holdovers were 330. In the cattle market, slaughter classes were acting strong to higher; receipts were 900. Vealers were steady at $10.50 down. Calf receipts were 800. Sheep and lambs were weak to lower, selling at $lO down. Receipts were 1,500. Chicago hog receipts were 19,000, including 3,000 direct. Holdovers were 7,000. Better grade hogs were holding steady; packing sows 15 cents lower. Choice 160 to 280pound weights sold at $9.30 to $9.35. Cattle receipts were 6,500; sheep, 10,000.

HOGS Receipts. 5,500; market, higher. —Light Lights—-(l4o-160) Good and choice $9.0009.25 —Light Weights—-(l6o-180) Good and choice 8 - s( > „ (180-200) Good and choice 9.5009.55 —Medium Weights—-(2oo-220) Good and choice 9.5009.60 (220-250) Good and choice [email protected] —Heavy Weights—-(2so-290) Good and choice 9.5009.60 (290-350) Good and choice 9.2509.50 —Packing Sows—-(27s-500). Medium and good ... 7.75 0 8.50 —Slaughter Pigs—-(loo-130) Good and choicce .... 8.5008.75 CATTLE (Slaughter Classes) Receipts, 900: market, lower. —Steers—-(6oo-1100) Good and choice $ 9.50011.25 Common and medium 6.500 9.50 (1100-1500) Good and choice 9 -75011.50 Medium 7.50 0 9.70 —Hellers—-(sso-850) „ Good and choice 9.00011.00 Common and medium 6.000 9.00 —Cows — Good and choice 6.500 7.75 Common and medium 4.750 6.00 Low cutter and cutters 2.500 4.75 Bulls (Yearlings excluded) Good and choice (beef) 6.00 0 7.00 Cutter, common and medium.. 4.000 6.00 —Vealers (Milk fed) — _ Good and choice 10.00® 10.50 Medium 7.50010.00 Cull and common 4.500 7.50 CALVES Receipts. 800; market, lower. (250-500) Good and choice 7.500 9.50 Common and medium 5.000 7.50 STOCKER AND FEEDER STEERS (500-800) Good and choice $ 7.000 8.50 Common and medium 5.000 7.00 (800-1050) „ Good and choice 2-92S Common and medium 5.500 7.00

SHEEP AND LAMBS Receipts. 1,500: market, lower. * —Lambs— Good and choice $ 9.00^ : Common and medium 5.00@ 9.00 —Ewes— _ Medium and choice ?-925 ) 2*22 Cull and common I.OOCu 2.00 Other Livestock Bn United Press •CHICAGO. July 2.—Hogs—Receipts, 19.000: including 4.000 direct: fully steady on better grade hog*: packing sows. 10# 15c lower; fairly active trade to all interests; top. $9.40 paid freely for 180-270 lb. weights: light lights, 140-160 lbs., good and choice. [email protected]: light weight. 160-200 lbs., good and choice. $9.1509.40; medium weights. 200-250 lbs... Rood and choice. $9.200 9.40: heavy weights. 250-/** lbs., good and choice. $8.90 09.40; packing sows. 275-350 lbs., medium and choice. $7.65@>8.50; slaughter pigs. 100-130 lbs.. good and choice. $8.2509. Cattle—Receipts, 6 500- calves. 2,500; most killing classes strong to 25c up: dressed trade conditions better and live market carried healthier undertone: early top. $12.50: on heavy steers: some confidently held higher, slaughter cattle and vealers: steers. 600900 lbs., good and choice. 1100 lbs., good and choice. 53.75012. 11001300 lbs., good and choice. $10.25012.75. 1300-1500 lbs., good and choice, slo.oo<i 12.75: 600-1300 lbs., common and medium. $6010.25: heifers. 550-850 lbs., good and choice. $9.50010.75: common and medium, $6 0 9.50: cows, good and choice. $7.7509.25. common and medium. $4 7 o ® 7.25, lov cutter and cuters. $3.7504.75: bulls, good and choice, beef. $6.5008.25: cutter to medium $5.2506.75; vealers. milk fed. ood and Phoiee $9 50011.50: medium. $8.50 09.50. cull and common. s6® B - 5 0^ c „ st 9£ ker feeder catlte: steers. 500-1050 lbs., good and choice. $7.7509.75: common and medium. $5.500 7.75. Sheeo— Receipts 10 000 fat lambs, weak to 25c off. bulk sortea natives $10.50010.75: range lambs, unsold; sheep, steady to 25c o.i: slaughter sheep and lambs: lambs, jood and choice *10.25011.25: medium. $8.75® 10.25 all weights, common. S6O 8.75. ewes. 90 uO lbs., medium to choice, $2 0 3.50, aL! weights, cull and common. $12.50. Bit United Press EAST ST. LOUIS. 111. July 2.—Hogs Receipts. 13.000: market I°® 15c lower than Tuesday's average: bulk 150-260 lbs.. $9.1509.25: largely. 59.20: top, 89 - 3 0. 100140 Tbs. $8.50 0 9.10: most sows. $7,90 Cattle—Receipts. 3.000: calves, receipts 1.500; market, fed steers strong to a shade higher at $9.50010.35: other steers steady, vealers steady to 25c lower at $10.50, other slaughter classes strong; spots a shade higher. Sheep—Receipts 4,000. market. no earlv sales; packers bidding around 25c lower, mostly asking steady; asking $10.25010.25 for desirable lambs. Bu United Press PITTSBURGH, July 2.—Hogs—Receipts. 1,200: market steady to strong: bulk 150210 lbs.. *10010.10; 220-250 lbs. mostly $9.7509.90: pigs. $9.2509.50; sows. $7.75® 8. Cattle—None. Calves—Receipts. 150; market 50c higher; top vealers. sl2. Sheep —Receipts. 500; market steady to weak; top native lambs. $9.50011.50; yearlings, *6@B. Bn United Press CINCINNATI. Julv 2.—Hogs—Receipts. 4.550 including 1.950 direct: heldover. none; slow, mostly steady; spots, weak; light lights, weak to 25c lower; bulk desirable. 170-260 lbs.. $9,509.75: mostly $9.75 on 230 lbs. down: better grade. 130-160 lbs., generally. $9: few strong weights upward to $9.25: sows, $7.75 to mostly SB. CattleReceipts. 225; calves. 350: generally steady: odd lots of common and medium grass steers and heifers. s6® 8.50: one load medium steers at outside price: beef cows, $5 0 6.50; few weighty individuals upward to $7: low cutters and cutters. $2.50 0 4.50: bulk. S3O 4: bulls, largely $5.500 6.50: good and choice vealers. s9® 10.50; lower grades. *608.50. Sheep—Receipts. 1.650: better grade lambs scarce: steady to strong: spots 50c higher: lower grades and sheep slowsteady; good and choice lambs. $9.50 to mostly *10: choice weighty kinds quotable up to $10.50: common and medium grades. ss®7- mostlv $6 0 6.50: inferior kinds downward from *4: buck lambs. $7.50 to mostlv $8: fat ewes. largelv S2O 2.50: few light weights up to $3: culls around sl. Bn United Press TOLEDO. Julv 2.—Hogs—Receipts. 350: market, steady; heavies. 58.75 09: mediums. $9.2009.25: Yorkers. $8.7509: pigs, $8.75® 9. Cattle—Light; market, steadv. Calves —Light: market, steady. Sheep—Light; market, steady. Bu Times Special LOUISVILLE. Kv.. July 2.—Hogs—Receipts. 800: market, steadv; 250 pounds and up $8.80: 165-250 lbs.. $9.40: 130-165 lbs.. $8 60- 130 lbs. down. $6.90: roughs. $6.40: stags. $5.80. Cattle—Receipts. 200: market, steadv: prime heavy steers. $8.50 0 9.50; heavy shipolng steers. *7.25® 8.50: medium and plain steers. *6O 7.25: fat heifers. s6® 9- good to choice cows. $3.7504.75: cutters *303.50: canners, S2O 3: bulls. *4® 6 feeders. *6.588.50: stockers. $5.50® 7 Calves —Receipts. 200: market, steadv: chioce. $808.50: medium to good. *708; common to medium. *4.5006.50. SheenReceipts 1.800: market, tops. 25 cents lower- others, steadv: ewes and weather lambs. $9.25: buck lambs. *8.25- seconds. *4 5005: clipped lambs. $2.5003. Tuesday’s shipments—Cattle, none; calves. 94: hogs, none: sheep. 2.350.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW FORK MEMBERS New York Stock Exchange Chicago Stock Ex chan if New York Cotton Exchanre Chtcaio Board es Trad* New York Cnrb Association Rooms 200-214 Circle Tower Telephone Lincoln 5591

Dow-Jones Summary

LONDON—New York cebles opened at 4.86 1-16. against 4.86 1-32. Paris checks 123 59. Amsterdam 12.09. Italy 92 .85 Berlin 20.39. City InTesting Cos. year ended April 30. net profit $357,111 after depreciation interest federal taxes etc., against $2,186,243 in preceding year. Italian government has increased by an average oi more than 100 per cent the duties on American and other foreign automobiles, according to announcement made in official Gazette. Transcontinental Oil Company stockholders to vote at special meeting Aug. 14 on proposal to sell company s assets to' Ohio Oil Company in for stock. If sale is approved stockholders will vote Aug. 15, on resolution to dissolve company. Second National Investors Corp. s*x months ended June 30 earned 21 cents a share on 300,000 common shares. The National Investors Corporation six months ended June 30, earned $1.46 a share on 220.000 common shares. Seaboard Air Line Mar net operatihg income $411,153 against $1,039.61* in May. 1929 Five months $ 3,322,818 against 5,184.270. Loadings of revenue freight by. United States railroads in week ended June 21 totaled 920.859 cars, a decrease of 5.234 from preceding week, 149.015 below like 1929 week and 66.501 below like 1928 week. A. E. Wishon elected vice-president and assistant general manager of Pacific Gas and Electric Company and president ot San Joaquin Light and Power Corporation and Midland Counties Public Service Corporation. Spain to return to gold standard to stabilize peseta. Fourth National Investors Corporation six months ended June 30. earned $*.63 a share on common stock. Crude and refined oils in storage increased 1,266,000 barrels during May to 693,892,000 barrels against decrease of 1.894,000 barrels in April, United States bureau of mines reports. Gasoline storage decreased 389.000 barrels during May to 4.046,000 against decrease of 801.000 barrels in April. Cosden Oil declared regular semi-annual dividend on preferred, payable Aug. 1, record July 15. Domestic Crude Oil Production in week ended June 28 averaged 2.610.950 barrels dailv. an increase of 12,100 week, but 204.500 less than like 1929 week, according to American P e ™■ ?I'l 11 n Gasoline stocks declined 413,000 barrels to 49.700.000. Missouri-Kansas-Texas June loadings 41.933 cars against 45.849 in June. 1929. Atchison June loadings 153,497 cars against 167,939. New York Federal Reserve bank reduced open market bill buvmg rate 'A of 1 per cent to 1% per cent on maturities up to four days. Westcott Express Company and New York Transfer Company granted a 10-rent increase in rates within local zones In New York City by public service commission. Condensed statement of National City bank of New; York City as of June 30 shows total assets of * 20 , 7 M 37 ;?® 2 against $2,206,241,170 on Dec. 31. 1929. Undivided profits were $22,973,140 against $19,650,233 at end of 1929.

Marriage Licenses Kimble A Diall. 22. of 254 West St. Clair, musician, and Helen L. Temple. 19. of 550 Minerva. William B. Kinpe. 20. of R. R- 15. Box 114. clerk, and Ida M. McClish. 19, of 5646 Carrollton. Francis M. Reed. 34. of Warren, pressman, and Endora Mallory. 18, ol 30 North Jefferson, clerk. John L. King. 39. of 2727 Napoleon salesman, and Geneva Young. 23. of 25 West Troy. J. Elsworth Booth. 35, of Flint. Mich., salesman, and Helen I. Saunders, 4. of R. R. D. Box 3. teacher. Edward Perry. 65, of 120 West Fourteenth. engineer, and Louise Lawhorn. 61, of 120 West Fourteenth. John E. Wright. 40. of 300 West Vermont painter, and Ida P. Smallman. 41. of 3825 West Vermont. Harry D. Carroll. 23. of 271 North Miley. salesman, and Gertrude M. Wiseman. 19, of 288 North Lynn, saleslady. Charles E. Rutledge. 27. of Bloomington, druggist and Estelle L. Southwick. 23. of 1437 South Belmont. Kenneth L. Overfield. 26. of 1726 Hoyt, salesman, and Bertha H. Stader, 21. of 1619 College, stenographer. John R. Kelly. 48. og 750 North Meridian, salesman, and Frieda E. Clevenger. 36. of Indianapolis. Copper Price Up Bu United Press NEW YORK, July 2.—Re-estab-lishment of a Ills cent per pound copper price was made by several producers today following recent heavy accumulation of stocks. The price of the metal was advanced to 12 cents a pound a week ago following a sensational drop to 11 Vi cents a pound from 22 cents a pound.

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URGE CHANGE IN STATE BLIND SCHOOLUNION Legislature to Be Asked to Separate Institution From Board. Separation of the Indiana State School for the Blind from the state board of industrial aid for the blind and the placing of the school under supervision of the state board of education will be sought in the 1931 legislature by the Indiana Association of Workers for the Blind. Eleventh bi-ennial convention of the association of workers for the blind closed Tuesday, after an attempt had been made to expel three members, two of whom are state employes, for alleged opposition to the pension bill which the blind asked in the 1929 legislature. The three were said to be Charles P. Hansen, Paul Breeding and Milton Saxton, all of Indianapolis. The latter two are employed by the Industrial School for the Blind. The expulsion resolution failed after a spirited debate.

Only one new officer was elected. He is John Logan, Ft. Wayne, who succeeds Miss Minnette Baum as second vice-president. Miss Baum signified her intention of not being a candidate. The officers re-elected are: President, A. F. Burrows, Indianapolis; first vice-president, Russell Judd, Evansville; secretary, Miss Violet Topmiller, Indianapolis; treasurer, Mrs. Elizabeth Lauenstein, Evansville. Trustees are; F. H. Reese, Mishawaka; Mrs. Carl Wolf, Terre Haute, and F. H. Topmiller, Indianapolis. UNEMPLOYED TO MEET Delegation to Attend Conference of Jobless at Chicago. Unemployed workers of Indianapolis will hold an open meeting on steps of the city hall at 11 Thursday morning prior to departure of a delegation for Chicago to attend the national convention of unemployed, July 4 and 5. C. L. Harper is chairman of the Indianapolis Unemployed Council, which will co-operate with councils from other cities in seeking relief for the jobless. Alice Day to Wed Hu United Press HOLLYWOOD, Cal., July 2.—Alice Day, screen player, will marry Jack Cohn, young Hollywood business man, Sunday at the home of Cohn’s parents, the couple announced today. NEW YORK COFFEE RANGE High. Low. Clos. March 6.63 6.60 6.60 Mav ... ...*••••••••• 6.57 6.51 6.51 juiv 7.02 7.01 7.01 September 7.07 7.01 7.01 cember 6.83 6.80 6.80

' We Own and Offer as Investment Suggestions for July First Funds DESCRIPTION RATE MATURITY MARKET YIELD Bonds * Indiana Gravel Road Bonds 4H~5% 1932-50 ...... 4.00% *Land Bank and Insular Bonds Municipality of Ponce, Porto Rico 4Vi 1955/41 $102.10 4-25 First Trust Chicago J. S. L. Bk 4H 1955/35 Indianapolis Joint Stock Land Bank 5 1960/40 101.00 4.7 C.C.C. & St. L. Ry. Ref.&1mp........... 4H 1977 98.00 4.60 Missouri Pacific R. R. Ist Mortg 5 1980 100.00 5-00 Indianapolis Water Cos. Ist Lien & Rf...... 1954 104-50 Fletcher American Real Estate Cert 5 H 1934-35 100.00 5 5 Republic of Cuba 5H 1945 95-00 6.00 B. F. Goodrich Company Debs 6 1945 98.00 Republic of Uruguay 6 1564 95 00 Northern Indiana Telephone Cos. Coll. Trust. 6 1931 99-50 *Exempt from Indiana Personal Property j Tax and all Federal Income Tax * Preferred Stocks Severin Realty Company 7..6 1944 100.00 6.00 3025 North Meridian Realty Company 533 1944 / 95-30 6.00 Indianapolis Power & Light Cos 6H 103-50 6.28 Interstate Public Service Cos 6 93-00 6. 5 Oakley Economy Stores Company 7 1937 99.00 7.15 * Common Stocks Belt Railroad & Stockyards Company... 62 -50 6 -40 Bobbs-Merrill Company • • • • ' J. D. Adams Manufacturing Company 8.00 wo*. Hook Drugs, Inc 25.00 8.00 Progress Laundry Company •••• : * 47 ’°° 8, * 3 _ ,pprox ' * Exempt from Indiana Personal Property Tax and Federal Normal Income Tax Investment Trusts l v First American Corporation 9-50 Nation Wide Securities, Series U. S. E.ect. Lt. & Power Inc., Series “B” 10.12 ■f Rate unfixed, dependent on earnings Descriptive circulars on any of the above issues will be sent upon request Fletcher American Company <Affiliated with . the FLETCHER AMERICAN NATIONAL BANK A \ Southeast Corner Market and Pennsylvania Street J

In the Stock Market

‘Bv Thomson & McKinnon) NEW YORK. July 2.—Busness as indicated by the customary midweek statistics suggests no change of course from that it has followed the past few weeks. In some instances the facts disclosed are encouraging, in others the reverse. Undoubtedly announcement that the United States Steel Corporation had reduced operations contributed almost wholly to the sudden reversal of the upward trend of the stock market Tuesday. We feel this slackening is largely seasonal and due to the approach of a holiday. In justification of this, we have only to compare with the activity of the steel Industry of 1928 to find we are little, if any below the rate of operations for that year, which was in no sense described as bad. Present operations are well in line with average years and compare unpleasantly only with the abnormal operations of 1929. In centering our attention so much upon business activity at the moment, are we losing sight entirely of the fact that industry the first of this month has poured into the hands of investors something approximating one billion dollars in its disbursements of interest and dividends. May not a good share of this money be finding its way into the stock market? We feel a substantial buying power underlies all good investment stocks, particularly on the breaks.

WEST COMPANY PAYS PREFERRED DIVIDEND Usual Cash Dividend on Common Stock Is Declared. The twenty-first semi-annual dividend on the preferred stock of the West Baking Company has been declared by the directors of the company, payable to all stockholders of record as of the close of business June 30. 1930. The directors also declared the usual cash dividend on the common stock, payable to all stockholders of record as of the close of business June 30, 1930. Other Livestock Pu United Press FT. WAYNE. Ind.. July 2.—Cattle-Re-ceipts. 100: ogives. 100; hogs. 500: sheep. 100: hog market. 10c higher; 90-120 lhs.. 58.50: 120-140 lbs.. $8.75: 140-160 lbs.. $9: 160-180 lbs.. $9.25; 180-200 lbs.. $9.35; 290225 lbs.. $9.25: 225-275 lbs.. $9.15: 275-350 lbs., $9.05: roughs. $7.50; stags. $5.50: calves. $10.50; spring larms. $9.50: yearling lambs. $6.50. This market closed Frldav and Saturday, July 4th and stli.

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PAGE 15

WHEAT CLOSES UPWARD AFTER OPENINGSALES Independent Strength Is Shown by Corn Firms Up All Grain Options. Bv United Press CHICAGO, July 2—Decided strength in corn and firmness at Winnipeg, despite the lower Liverpool close, gave wheat a good advance on the Board of Trade today and prices closed slightly higher in an active market. Trade was rather nervous and lower early on disappointing cables and discouraging foreign news, but recovered well. Corn showed Independent strength and stubborn resistance to pressure throughout the session with shorts good buyers. Oats followed the major grains in a norrawer range. At the close wheat was to ’* cent higher; com was 7* to 1?* cents higher, and oats was 76 to ’i cent higher. Provisions were steady. Eatsing steadily during the late trading, Liverpool closed 76 to % cent lower. The private experts estimated the winter wheat crop at considerably more than the government’s June figures and the Canadian production at 80,000,000 bushels more than a year ago. To a certain extent this had been expected. Cash prices were unchanged. Receipts were seven cars. July corn was off a fraction at mid-session on selling by locals believed to be liquidation, but the deferred deliveries were steadied, though they, too, were off fractionally. The private experts' estimates included a much larger crop than last year, which was a very lean season. This was expected. Cash prices were unchanged. Receipts were 66 cars.

HOUSE BACKS HOOVER Uii United Press WASHINGTON, July 2. The house voted. 110 to 16, today to stand by President Hoover in his demand for a $250,000 appropriation to carry on the work of the Wickersham law enforcement commission during the fiscal year beginning Tuesday. The vote was taken without any preceding debate.