Indianapolis Times, Volume 42, Number 46, Indianapolis, Marion County, 3 July 1930 — Page 10
PAGE 10
STOCK SHARES SELL DOWN IN DULLSESSION United States Steel Weak Around Noon: List Is Irregular.
Average Stock Prices
Average of thirty industrial* for Wednewlay wa* 225.25. >:r 2 22. Average Os twenty rail* **s 128 23 uo ,26 Averfe of twenty utilities vai M 33. up 1.13. Averat' of forty bond* vas 95.16. up .09. B / T’nitrd prrn* NEW YORK. July 3.—Stocks moved irregularly today in the lightest trading in two years. Most of the changes were small, but a few issues met pressure. The hardest hit were Air Reduction, which declined more than 6 points and then rallied more than a point, and Gillette, which made anew low for the year at 64. off 3%. Losses of a point or more were noted in May Department Stores, Cerro de Pasco. Columbian Carbon, Du Pont. Timken. Worthington Pump and Proctor & Gamble. Toward noon Steel common was making new lows for the day, breaking through 158. Other leading industrials were holding near the previous close. The best behaved group was the amusement section where gains of fractions to more than a point were made by Warner Brothers Pictures, Loew’s. Fox Film A and Radio-Keith-Orpheum. Oils made little change and utilities sagged only fractionally. Some of the tobacco shares were firm, es;v*cially Tobacco Products A. which firmed up fractionally to anew high for the year at 12’ i. Call money renewed at 2% per cent despite demand on banks for funds for over the holiday. Bonds were irregular in a narrow range featured by a break to anew low in the German annuities issue after the syndicate which floated the issue withdrew its support today and dissolved. The Chrysler Corporation announced a salary reduction of 10 per cent in wages to its employes as part of a retrenchment policy.
Banks and Exchange
INDIANAPOLIS STATEMENT In<iinnMls bank cle* rings Thursday Julv 3. *.Y5a.000; drbits. *10.023.000. CHICAGO STATEMENT Bu United Press CHICAGO Julv 3 Bank clearing*. $132,*00.000; balances. *10.300.000. NEW YORK STATEMENT Bn I nited Press NEW YORK. July 3.-Bank clearings. *1.381.000 000; clearing house balance. $208,000,000: federal reserve bank credit balance. $189,000,000.
In the Stock Market
ißv Thomson k McKinnon > ( NEW YORK. July 3.—The amazing decrease of over one billion dollars during the month of June, in the New York Stock Exchange borrowings vividly pictures the extent of recent security liquidation. Placing total loans under a figure not witnessed since August. 1927. we can not arrive at any other conclusion. but that stocks are finding more permanent lodgement. Unlike commodities, consumption of which is stimulated as prices decline, securities do not decrease in numbers They merely change ownership as prices are reduced. Considerable encouragement is derived from the suggestion of certain steel authorities that it is their belief that, that industry is scraping bottom. With the drop in brokers’ loans clearly revealing outright buying of securities, which is the highest type, and with substantial cash balances in brokers’ hands, and with pretty good evidence of a large short interest undisturbed, we have an unusual foundation of buying power in the stock market. Other Livestock Bu l niteri Frrxx EAST ST LOUIS. 111.. July 3 -HogsRcceipts. 10.000: market active. 30a40c higher than Wednesday's average: nigs 35*t30c up. sos 15*i25c up: bulk 160-250 lbs $9.50*i9 60: top. $9 65: heavies scarce: bulk 100-140 lbs . sß.7s*i 9.35: most sows. $$ 10*18 25. Cattle Receipts. 1.200: calves. 800; market steers strong to 25c up: mixed yearlings, heifers and vealers 25c up: other slaughter classes steady; steers. *B9 10.15: fat mixed yearlings and heifers. *9*i10.75. cows. $5.50*16.50: low cutters. *3*i4: medium bulls. $6.25 down; good and choice vealers. $10.75. Sheep—Receipts. 2.500. market no early sales; indications steady; asking $10.254110 75 for better lambs. $2 50*13.50 for fat ewes: lambs, good and choice. 90 lbs down. $104711: medium. sß‘i 10 all weights, cull and common. $4 * 8: ewes, medium to choice. 90150 lbs . $2 50*i3 50; all weights, cull and common. sl4x2 50. Bu Cntteß Frrxt TOLEDO. July 3—Hogs—Receipts. 200: market, steady. 15c up; heavies. sß.Bs*i 915 mediums. $9 2S*i .*.40: jvoters. $8 50*j 9: pigs. SBSO. Cattle—Light; market, steady; calves, light: market, strong. Sheep—Light: market, slow. CloverCash. $12.75; prime choice, $12.95; Oct., $13.50; Dec . $13.75. Bn Vnitrd Frrxt PITTSBURGH. July 3.—Hogs—Receipts. 1.500: market, weak to 10c off: 150-210 lbs. $9 95*110: 22C-2sO lbs. $9 654(9 85; 260-300 lbs. $9 25*19.50: most pigs. $9.25; sows. $7 75*78. Cattle—None: calves, receipts. 100. market fully steady: top veals. sl2. Sheep—Receipts. 500; market, 80c and more on: bulk lambs. $94710.50; few. $11; aged wethers. s3*j3 50. choice yearlings, quoted $7 50*7$ PLEA FOR HIKE DEN lED Petition to March Guard Members to Camp Is Refused. Petition of Colonel Walter H. Unversaw for permission to inarch the One hundred fiftieth field artillery. Indiana national guard, overland to Camp Knox for the annual encampment, Aug. 3 to 17. was denied by Major-General Dennis Nolan. Fifth corps area commander, in an order received today by Adjutant-General Manford G. Henley. Major-General Nolan suggests, instead. that the artillery take a twoday marching trip after arrival at camp. BODY WIRED TO ANCHOR Cleveland Police Believe Murder Victim Is Bootlegger. gv I'nitei Frrtx CLEVELAND. July 3. Police i sought today to identify the body Los a man. found in Erie with & ■bullet wound in the head, and one lag ired to a heavy ship anchor. gHjrhe body is believed to be that ggSMorris Komissaro. 28, a reputed §||Legger who disappeared May 2.
New York Stocks 1 By Thomson * McKinnon 1 1
Railroad*— Prev. Kiel). Low. 1! JO ='<>**• Atchison ■ • ■ 213 Atl Coast Line. 151% 150 150 Balt & Ohio }o2’ *O3 a Chesa it Ohio 1,9 'ioi, Chesa Con) 2 Chi Grt West *0 Chi N West Del LSc SW ** iji,, Del & Hudson 3 j,. Great Northern .*0 I#'* *0 2?** Gulf Slob & Oil .?!,* Illinois Central li! 1 Lou it Nash ~, 136 Min S L ■* '..j *36'. MK & T ?7 36% 36 , 36 . N Y Central {XI NYNH&H ii,. 1 25Nor Pacific •• 4? s * 4ft* Pennsylvania ...74 So Pacific US’, 115 115 11* Southern Rv ?t, J ** 1 8t Paul 14 4 jiv. Union Pacific . 20 Wabash 51, • * W Maryland 28 ’• 28 Equipments— t. Am Car & Tdy 53 4 83 Am Locomotive ’J, Am Steel Pd JJ* Am Air Brake S . ••• -J Gen Am Tank 83% 83 93 . £l, General Elec ... 69% 68 69 * • Gen R" Signal 4 Press Stl Car -4, Pullman *• WesMngh Ar B .. VVestinch Elec 131 1 1 135 j 137 137 Rubber*— ~, Goodrich 26 fS Gcodvear . ... 57% 57 j 5 ‘ 4 Kelly Sprgfld ... 3% 3 2 3 t 3 * if"s Rubber . 22% H'i % Ali 101 m. 101 ~ Chrysler 27 26 26 s 2. . Gardner 6 Graham Paige.. .. ’iau in 39 s * General Motors.. 49 39 , 40 39^ Hudson 30_. 30 2 so u ■ Hudd 13’* 134 13% *4, Mack 53 51% 51 v 82 2 Marmon 33 Packard .7.7 13% 13 % i 3 ’* ’3 Reo • •' oi 23 Studebakcr oi-r. Yellow Truck.... 25’* 24% 25 24 , Motor Aeess— 30 Am Bosch... ... ‘ii,, if, Bendlx Aviation.. 30% 29 3O ~ Bore Warner .. 27% 27 - fg Brings 17 '* 17 * „% 22M Eaton 641 2 El S'orage u Houda igr; 18 Snarks-W 18 * 18 2 0% 20% Stewart Warner .. ■ . fg,’ 60 Tlmkln Roll ... 58% 58 58 4. Minine — 431/ 343 V Am Metals ••• 59 An'oconrta Cop... 50 49% 48 % 5034 -50.4 50-: 51% Freeport Texas 26% 20'/ Great Nor Ore 29 N®kei .::: 24% % 2*% P n r eco't n Cop': 38% 38% Magma Coo .... ■■ -ii,, 171'. 17% Miami Copper .. 17 l7 2 *•* , 6 , g Nev Cons i, 431Texas G"’l Sul j- 18, * U 8 Smelt 18 10 4 Oi* — 1 - 35*0 At! R-finin*?. ,55. n'm Barnsdall if * 75,4 Ind Oil - * 11 11 Tndian Mex° 20% ‘19% 20 20% Mid Conti 573/4 Pfin-Amer •B .. .. ••• 32*4 Phillip* 20 7 20*% Richfield 4 16 52% Royal Dutch • • I % s . ir3/ 4 Shell Un 18 4 22,4 Sinclair 22 , 22 3 \ 22 • 30 Itandard of Cal 60% 60% MJj |O% Standard of NJ66 a 65,* |exas a Co° f . N M% M% 51% 51% Am Roll Mills . 49% 4 8 g g B ,J Bethlehem .... 1H *2, 4 s,# 2j,* Bv-rs A M 73 72-2 72 2 Colo Fuel 771Cruc Steel ••• 3554 Midland 31% Newton 42 n’Veef s ::::iM% Vanadium 82 * 80/2 814 •• Tobaccos — 229 **n Tobacco (A) .. 3331; m Tob ar, ..on Cigars ™ *4^ General Ciftar.. •• *6ni' 92 5 b Lo*rin.^ TerS ..'® If ?Sb n Pr A iiVi 13 12•: Tob Pr United Cig *• ••• '* *'• Utilities — 25 3 4 Abitibi 24^ Adams Exp -2: 64 ,,_ Am Pwr P & r Li:: 208% 3§l ‘ jglv* J% Gas^A El. 63-4 62% 62% 64% Com & Sou .... ]4% 14 1J 4 El Pwr &Li ... 69% 6,-2 68 Sht“t ’ 4 j 8 ,’ 4 Natl Pwr A- Li.. 39 3.H 38 a " No Amer Cos ... 96 94% 95% 94 , Pac Gas A E 1... A4 S . 041* 95’i, Pub Ser N J .. 95 93 ’* 94 2 9 a So Cal Edison 2%/ Sid GA El ... r:,. f'l United Corp ... 32% 31 32 4 32 Ut Pwr ALA.. 33-4 33 33 32.a Shipping— go,/ Am Inti Corp... 33% 32% 33 32 j Am Ship A Com. 1% *% * United Fruit ... 88% 88/a 884 88,4 Foods — ini/. Am 5 Armour A a Beechnut Pkg ch'iXs kß co “ j ß3 ’- Cont Baklng'X: 24% ’24% £% 25 Corn Prod 94 4 Cudahy Pkg ... 'V Cuban Am Sug .. ... ,J,. Gen Foods .... 54% 54 d4 54 . Grand Union in,/ KrogVr 27 27. 2 5 % Nat Biscuit .. 83 82’t 82% 83 a Pillsburv 30 21, 7 Safeway St •• ■ • •-•r, Std Brards ... 19’s 19 , 19 2 19 2 Ward * Co?v“lnc a 19’.- 1 9 ; 3 g. Lambert Cos 84% 84 84% 83% Lehn A Fink. 20% Industrials — Am Radiator 5 2 fi,? Bush Term 32% Certainteed Bt?s Ele P v alt .:': 63% '62 62% 62% Ani n ed"che l m m . 268% 267 267 266% Com Solv 33% 23 23 23 4 Union Carb ... 69% 69 69 % 69 a U S Ind Alco ®9% Retail Stores— Gimbel Bros Kresee S S 28 % Mav D Store... 44% 43% 43% 44^ Mont Ward .. ...33 3 , Pennv J C . . 52 51 53 51 Schulte Ret St f Sears Roe •• -24,, B J, Woolworth 58 57'* si' 56%
Investment Trusts
(Bv James T. Hamill) —July 3 Bid. Ask. Basic Industry Shares 7% 8% Corporate Trust Shares ... 7_ 7 a Diversified Trust Shares A.... 21% ... Diversified Trust Shares B . 18% 19% Diversified Trust Shares B C.. /% 8 Nationwide Securities 8% 9 Fixed Trust Shares A......... 18% ... Inxestment Trust of New York 9 10 Leaders of Industrv 10% 11% North American Trust Shares.. (% 8 Standard Oil Trust Shares.... 9% 9% S W Strauss Inv Units 45 48 Selected Amer Shares 6% (% Trustee Standard Oil Shares B 9% 10 U S Elec * Power Shares A 35% 3.% U S Elec & Power Shares 8.. 9% 10%
New York Bank Stocks
—July 2 Bid. Ask. America 100, 102 Bank of United States 41 3 42'a Bankers 133 133 2 Brooklyn Trust 690 695 Central Har-over 33 1 340 Chase National J3l i 133 Chatham Phoenix Natl .. 102'j 104'a Chemical 63V, 64 Cltv National 138 139>a Corn Exchange 149 153 Commerc'al 385 400 Continental 26 Empire 12 <5 First National . 4.800 4.875 Guaranty 610 612 Irvine 47 4754 Manhattan * Company .... 108 110 Manufacturers 94'j 95'? New York Trust 230 234 Public 101 103 Chelsea 33 37 Three Funerals for Actor Bui nitrd PrtfS NEW YORK. July 3.—Three separate funeral services were held for Joseph T. Schenck. partner in the famous vaudeville team qf Van and Schenck. at the Van and Schenck Club in Ridgewood. L. I. One service was by the Brooklyn lodge of* Elks, the second by the National Vaudeville Artists and the third by the Friars' Club. Thompson Leaves $85,000,000 Bu Vuilrd Prf * YONKERS. N. Y.. July 3 —The will of the late Colonel William Boyce Thompson, copper magnate, disposing of an estate estimated at more than $85,000,000. was filed for probate today. Principal legatees are tbt widow, Mrs. Gertrude H. Thomason, and her daughter, Mrs. Margfet SchulUe. V .
Amusement*— . , Bruns Balke 18% 18 18% 1,% Col Graph 17% 17% 17% I<% Eastman Kod ..198% 197% 197% 198% Fox Film A 41 40% xO% 40% Grigsby Bru ... 15% 15% 15% 15% Loews Inc 67 65 % 67 66% Param Fam 66% 56% 56% 5J Radio Corp . . 35% 34% 35% 3u% R-K-O 30% 29% 30 30 Schubert 14% 14% 14% 14% Warner Bros ... 42% 41% 42% 417. Miscellaneous—c!t r vTce A A P Fu:: j 9 2. 38 8% g% K e n um ::::: i30% NEGROES GIVEN JOBS BY FIRM Entire New Staff Added by Insurance Company. A forward step in the employment among the city's Negro group is made with announcement of appointment of a complete staff of Negro men by the United Insurance Company, with local offices at 241 East Ohio street. Six men and a superintendent, Negroes, comprise the newly added staff of the insurance firm of which O. T. Hogan is president. Home office headquarters are at 2731 South Michigan avenue. Chicago. Within the last year the firm has increased its Negro personnel from two agents to seven, thereby giving employment to five writers. Action of the company in augmenting its agency force here with representative colored superintendents and agents is in line w'.th the company’s established policy in several states. Selection and training of these agents has been in progress for more than a year. Emmet Hendon, 1309 Cornell avenue, named superintendent of the first all-colored staff here, leceived special training in the United branch office in Cleveland and in Chicago. Hendon is to be assisted by L. V. Carson, 1511 East Tabor street, also a home office employe of the company, who has earned an enviable reputation with the firm. Besides Hendon and Carson, the staff, according to Julius M- Crest, local manager, will include Emsirdel Stone, A. Grundy, Lee A. Miles, R. Bass and M. Casey, whose residence is in Muncie.
Produce Markets
Eggs (Country Rum—Loss off dellverd In Indianapolis. 17c; henerv quality. No. 1 21c: No 2. i6c. 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. Cc. These prices are tor No. 1 too quality quoted bv Kingan & Cos. Butter (wholesale)—No. 1. 35@36c: No. 2 33034 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 CHICAGO. July 3.—Eggs-Market, firm; receipts. 14.119; extra firsts. 20c: current receipts, 19: ordinaries. 18@18%c; seconds. 16c. Butter—Market firm; receipts 9.221: extras. 32%c; extra firsts, 30%®: 31c: firsts 28%®;29%c; seconds. 26®27%c; standards. 32%c. Poultry—Market steady; receipts 1: fowls. 19c: springers. 26c; Leghorns. 14c: ducks. 13c: geese. 16c; turkeys. 18c: roosters. 14c; broilers. 21c. Cheese —Twins. 16%@ 17c: Young Americas. 17%c. Potatoes—On track 218: arrivals. 102: shipments. 959: market, steady on sacked, ‘lightly weaker on barrel stock; Kansas and Missouri sacked Irish Cobblers. *1.75 0 1.85: southern sacked Bliss Triumphs, S2O 2.15: Virginia barrel Irish Cobblers. $3.800 4.05: North Carolina barrels Irish Cobblers, [email protected]. Bu United Press NEW YORK July 3.—Flour—Quiet and steady spring patents, $5.2505.60. Pork —Stealy. Mess —$31.50. Lard—Firm: midwest spot. $9.8509.95. Tallow—Steadv; special to extra, 4%@5c. Potatoes—Weak and lower; Southern. [email protected]: Maine. $2.8503.10. Sweet Potatoes —Firmer: Jersey basketts, $lO 5. Dressed Poultry—Steady, firm: turkeys. 20 0 44c: chickens. 17 0 35c: fowis. 140 26c. Live Poultry—Steadv. firm; geese. 10012 c; ducks. 12@22e; fowls. 19® 22c: turkevs. 150 25c; roosters. 150 17c: broilers 200 33c. Cheese quiet: state whole milk. fanc>- to special. 25026 c; Young America. 18 U® 25c. T Bu United Press CINCINNATI. Julv 3 —Butter—Steady; 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: butter fat. 28 0 30c. Eggs—Steady. Cases included: fresh gathered. 22c: firsts, 19c; seconds. 16%c: nearby ungraded. 20%c. Live Poultry—Thin and coarse stock sells only at heavy discount. Fowls —5 lbs. and over. 20c: 4 lbs. and over 18c: 3 lbs. and over. 19c; Leghorns 3 lbs. and over 16c; roosters. 13c: colored frvers over 3 lbs. 34c; broilers colored over 2 lbs.. 29c: broilers over 1% lbs.. 21c: 1% lbs. and over, 25c; Leghorn and orpington broilers over 1% lbs.. 22c: 1% lbs. and over. 16c; broilers partly feathered. 17@20c; black springs. 20e.
Local Wagon Wheat
Cltv erain elevators are pa vine 77c for No. 2 red wheat and 75c for No. 2 hard wheat. BABY SPURNS POISON But Both Parents Eat Candy, and Are Both Seriously 111, Bu luitrd Prrfx CLEVELAND, July 3.—Richard Landani, 23. bought a bag of candy Friday night for his 1-year-old son, Richard. The baby accepted a piece, tasted it critically, and threw it away. Landani and his wife ate the rest. Today both parents were critically ill. The candy was poisoned. BAND CONCERT SLATED Arndt Musicians to Play Friday Night at Riverside. The Arndt concert band, directed by Herman Arndt, will p.v.y under the auspices of the Indianapolis park board at 8 p. m. Friday night at Riverside park. The program includes patriotic selections, the Zampa overture, a medley of popular songs and songs of the World war. Realtors Gain 22 Menubars A June membership drive netted the Indianapolis Real Estate Board twenty-two members, T. E. Grinslade, president, said at the weekly luncheon today in the Lincoln. A campaign team, captained by H. M. Stackhouse, will be feted at a dinner for having obtained the greatest number of new members. Meningitis Claims 131st Victim The death of Ophelia Mills, 60, Negro, 823 West Twenty-seventh street. Wednesday at city hospital, brought the total deaths from cerebro spinal meningitis to !3i since last December. She was taken to city hospital in May. There have been 196 cases in Indianapolis and vicinity. Chipsler Cuts Wages Bu l ulled Prcts NEW YORK, July 3.—A 10 per cent wage reduction for all salaried employes of ttoe Chrysler Corporation was announced today by Walter P. Chrysler, president.
THE INDIANAPOLIS TIMES
PORKER PRICES REMAIN HIGHER OVERHOLIBAYS Light Supplies Add Strong Tone to Cattle and Calf Trade. Juna Bulk. Too. Receipt*. 26. *9.15 *9.20 5.000 27. 9.25 9.35 5.000 28. 9.350 9.40 9.50 2.500 30. 9 45 9.40 5.500 July 1. 9.45® 9.50 9.5 C 5.500 2. 9.50 9.60 5.500 3. 9.60 9 65 5.000 Hogs were little changed today at the Union Stockyards, prices for the most part being 10 cents up, the general market steady to 10 cents higher. The bulk, 160 to 300 pounds, sold for $9.60; top price paid was $9.65. Receipts were estimated at 5,000. Holdovers were 1,065. The general trade acted strong to higher in the cattle division, largely on account of light supplies. Receipts were 500. Vealers were steady at $10.50 down. Calf receipts were 500. Sheep and lambs were steady, good and choice lambs bringing $9 to $lO. Receipts were 1,000. There will be no market at the Indianapolis Union Stockyards Friday r- Saturday. Trade will be resumed Monday morning. Chicago receipts were 18,000, including 8,000 direct. Holdovers were 3,000. Tire market held active to shippers and small packers, mostly 25 cents higher; 180 to 280pound weights sold for $9.50 to $9.65. Cattle receipts were 3,000, sheep 8,000, HOGS Receipts, 5,000; market, higher. —Light Lights—-(l4o-1604 Good and choice $9.00<®9.25 —Light Weights—-(l6o-180) Good and choice 9.60 (180-200) Good and choice 9.60(8:9.65 —Medium Weights—-(2oo-220) Good and choice 9.60®) 9.65 (220-2501 Good and choice 9.60(89.65 —Heavy Weights—-(2so-290) Good and choice 9.60(89.65 1290-350) Good and choice [email protected] (275-500). Medium and good ... 7.7508.50 —Slaughter Pigs—-(loo-130) Good and choicce .... 8.5008.75 CATTLE (Slaughter Classes) Receipts .500; market, higher. —Steers—-(6oo-1100) Good and choice $9.75(811.75 Common and medium 6.500 9.75 (1100-1500) Good and choice [email protected] Medium [email protected] —Heifers—-(sso-850) Good and choice [email protected] Common and medium 6.00®> 9.00 —Cows— Good and choice 6.50® 7.75 Common and medium 4.75@ 6.50 Low cutter and cutters 2.500 4.75 Bulls (Yearlings excluded) Good and choice (beef) 6.00(8 7.00 Cutter, common and medium.. 4.00® 6.00 —Vealers (Milk fed)— Good and choice 10.00® 10.50 Medium 7.50® 10.00 Cull and common 4.500 7.50 CALVES Receipts. 500; market, steady. (250-500) Good and choice 7,50(8 9.50 Common and medium 5.70® 7.50 STOCKER AND FEEDER STEERS (500-800) Good and choice $ 7,00® 8.50 Common and medium 5.00® 7.00 (800-1050) „ Good and choice 7.00® 8.50 Common and medium 5.500 7.00 SHEEP AND LAMBS Receipts, 1,000; market, steady. —Lambs— Good and choice * 9.00® 10.00 Common and medium 5.00® 9.00 —Ewes— Medium and choice 2.00® 3.00 Cull and common 1.000 2.00 Other Livestock Hu United Press _ „ , . CHICAGO. July 3.—Hogs—Receipts. 18,000; including 8.000 direct: mostly 20® 30c up on better grade; hogs, packing sows, opened higher; closed with most of advance lost; top. $9.75 paid for around 200lb. weights; light lights. 140-160 lbs., good and choice. [email protected]: light weight. 160200 lbs., good and choice, *9.5009.75; medium weights. 200-250 lbs., good and choice. $9.500 9.75; heavy weights. 250-350 lbs., good and choice. [email protected]; packing sows. 275-500 lbs., medium and good. $7.35 @8.65; slaughter pigs. 100-130 lbs., good and choice. $8.50(89.25. Cattle—Receipts. 3.000; calves. 2,000; alt killing classes except weighty buliocks. active and hire, but no dependable outlet for heavy steers, especially god to choice offerings; recent selling. sllOl2 and better; she stock 25c up; heavy sausage bulls to $7 and better: slaughter cattle and vealers: steers, 600900 lbs., good and choice. slo® 12: 900-1100 lbs., good and choice. *IOO 12.25; 1100-1300 lbs., good and choice. [email protected]: 13001500 lbs., good and choice. $10.500 12.75: 600-1300 lbs., common and medium. s6.Jo® 10.25: heifers. 550-850 lbs., eood and choice. SIOO 11; cows, good and cnoice. $7.60®9.50 common and medium. [email protected], low cutter and cutter. *3.75 05; bulls, yearlings, excluded, good and choice, beef, [email protected], butter to medium. $5.50® 7: veals, mnk fed. good and choice. slo® 12; medium. s9® 10: cull and common. s6@9: Stocker and feeder sattle. steers. 500-1050 lbs., good and choice. [email protected]; medium. $5.5007. i5. Sheep—Receipts. 8.000; all classes around steady; bulk sorted natives and rangers. $1075011: native throwouts. mostly. s6® 6 50. Slaugher Sheep arid Lambs—Lambs. 90 lbs. down, good and choice, $10.25® 11.25: medium. $8.75(810.75; all weights, common. s6® 8.75: ewes. 90-150 lbs., medium to Choice. *203.50; all weights, cull and common, [email protected]. Bn United Press vast BUFFALO. N. Y.. July 3. —Hors— ReceipTs 1.000: holdovers 200: active. 160 lbs. 15 0 25c up: light lights, pige and sows steadv: desirable 160-30 J) lbs.. 010.15; most light lights and Pies $9 75; packing sows. $8®8.20. Cattle Receipts 25: steadv: fat cows. *s®6 25 cu J'?. r grades. *3O 4.75. Calves— Receipts. 150, steady to 50c off: good to choice 'cals. $12.500 13: common to medium kinds largely. s9Oll. Sheep—Receipts. 11.700. good to choice lambs, weak to 25c off. plainer kinds off more: better grades largely $11011.50: common to medium kinds mainly $709: fat ewes steady at *2 0 3.50. Bu United Press FT. WAYNE. Ind. July 3.—Calves—Receipts. 50: hogs. 300: fjjeep. 75. Hogs— Market 15c higher. 90-120 lbs $8.65 120140 lbs.. $8.90; 140-160 lbs.. $9.15. 160-180 lbs . $9.40; 180-200 lbs. 59.50: 2CO-225 bs., $9.40: 225-2(5 lbs.. $9.30: 275@350 lbs., $9.20: roughs. $7.50; stags. $5.50; calves. $10.50: spring lambs. $9.50: yearling lambs. 6.50. This market will close Friday and Saturday July 4 and 5. Bn Times Snecial LOUISVILLE. Kv„ Julv 3.- TT ''~' ceipts. 500; market, 15 cents higher; 250 pounds up. $8 95; 156 to 2 P—.. . *(•— 130 to 165 pounds. $8.70: 1 * pounds down, $7.05: roughs. $6.55: stogs ~>.95. CattleReceipts. 100: market, steady: prime heavy steers. $8 50 to *4.50; heavy shipping steers, *7.250 8.50: medium and plain steers. s6® 7.25: fat heifers. s6® 9: good and choice cows $3.750 4.75: cutters, *3O 3.o0; earners $2 ‘3: bulls. *406; feeders. *6.500) 8.50;’ Stockers *5.50@7. Calves—Receipts, 200: market steadv: choice. SBO 8 50: medium to good. *7O 8: common to medium. $4,50 0 6.50. Sheep—Receipts. 500: market, steady; ewes and wheather lambs. $9.20. buck' lambs. $8 50: seconds. *4.50 05: clipped lambs. $2.50 0 3.50: Wednesdays shipments cattle none: calves 259; hogs 162: sheeD 1.053. This market will be closed Friday. Bu X’nited Press CLEVELAND. July 3.—Hogs—Receipts. 500: holdovers none; mostly 50c up: 160-260-lb. averages at $9.10: pigs. 25c up: sows and stags steady, sows. *8: stags. $6. Catt’e—Receipts. 200: killing classes fully steadv; common and medium steers. *6.75 0 8.50: few up to $9.50: beef cows. *4.75®’ 6- all cutters. $2.50 04; medium bulls *SO 6.50. Calves—Receipts 600: steadv to 60c off: good and choice vealers *12.500 13; weighty calves. *IOO 12. Sheep—Receipts. 400: lambs, weak to 50c off: good and choice lrmbs. *IOO 11: common and medium offerings, *B®9: culls down to *7 and below. Bu United Press CINCINNATI. July 3—Hogs—Receipts, i 3 600. including 200 direct; holdovers. 280; fairly active, mostly 15c higher on weight averages 170 lbs. up: lighter weights, steadv to strong: sows steadv: bulk desirable. 170-260 lbs.. 59.8500.90. mostly *9.90 on 230 lbs. down; good 300 lbs. butchers, quotable around *9.50; desirable. 120-160 lbs. *[email protected]: mostly *9.25 on 150 .bs up: sows. *7.75 to mostly *8; few light smooth kinds. *8.25. Cattle—Receipts, 250: calves. 250, generally steadv; spots strong on cows, these and light vealers fairly active, other classes slow; odd lots of common to med’um grass steers and heifers. $606.50: most cows SSO 6.50: low cutter* and cutters. $2.5004.50: bulk $304.25: few buiis *6.50 down: good and choice vealers. 9@TO: lower grades. *6O 8 50: weighty vealers and grass calves, hard to sell. Sheep—Receipts. 400; good and choice 'ambs. scarce, strong to mostly 50c higher: -.neep and lower grade lambs slow, steady; bulk better grade lambs. *10010.50; choice lambs with weight quotable up to $11; common and medium. *s@ 7, mostly *606.50; inferior kinds downward from *4; fat ewes largely *[email protected]; Liht weights up to $3; culls around si.
Dow-Jones Summary
H. S. Richardson, chairman Vick Chemical Company, elected director of Drug. Inc. LONDON—New York cable; opened at 4.86 13-31 against 486 7-32 Paris checks 123.72. Amsterdam 12.09. Italy 92.805. Berlin 20. Philadelphia Rapid Transit Company declares regular quarterly diwdend of *1 on common, payable July 31, record July 15. Spiegel Mav Stern Company omits quarterly dividend of 75 cents on common due at this time. Declared regular quarterly dividend oft 1.62% cents on preferred, payable Aug. 1. record July 15. General Electric bookings in second quarter $99,916,027 against *119.351.248 in second quarter. 1929. Six months $190,313.758 against *220.716.456. Figures for current year do not include orders for radio sets or tubes these divisions being transferred to radio corporation. Great Northwestern Railway car loadings in June totaled 101,677 cars against 113,192 in June. 1929. Alleghany Corporation declared regular quarterly dividend of *1.37% on preferred, payable Aug 1, record July 15. Manhattan Electric Supply Company now the American Machine and Metals, Inc., five months ended May 31. reported net loss *133.736 after depreciation and upkeep of Idle Plant, etc. Chicago & Northwestern handled 167.539 cars during June against 202,000 in June. 1929. Wabash handles 74.330 cars against 87.005. Report of Crown Willamette Paper Company and subs including Pacific Mills. Ltd., year April 20. 1930. constitute net profit 53.483.077 after depreciation, deplacement, interest, federal taxes and minority interest equal to $17.41 a share on 200.000 no-par shares of *7 first preferred. Allowing foreign dividend requirements on first preferred balance eauals $50.80 a share on 41,000 no-par shares of $6 second preferred. Common is owned by Crown Zellerbach Corporation. Bank of France statement week ended June 27. shows gold 44,052.000.000 francs against 44.004,000,000 June 20. Circulation 72.593.000.000 against 71.486.000.000. Ratio 50.09 per cent against 51.26 per cent. General Baking Company in seventeen weeks ended April 26. earned $3.15 a share on 429.719 common shares. Swiss-American Electric Company year ended April 30. Eearned $4.66 a share on 200.000 shares class A common against *1.63 in preceding year. Virginia Electric & Power Company and subs in twelve months ended May 31, 1930. earnings $23.27 a share on combined 63.929 shares of 6 per cent preferred and 102.857 shares of 7 per cent preferred against *22.37 a share on 44.743. 6 per cent preferred and 102.857 7 per cent shares in preceding year. Bangor Hydro-Electric May profit $66,646 after taxes and charges, but before depreciation against $60,771 in May. 1929 Twelve months ended May 31. surplus after preferred division and depreciation was *561.694 against $469,074 in preceding twelve. Fox Film signs contract for its entire program of forty-eight films with the Famous Players Canadian corporation and butterfield circuit operating seventy-nine theaters in Michigan. Midland United Company purchased at public auction larger part of properties of Union Traction Company of Indiana which operates more than 400 miles of interurban railways. Gamewell Company completes acquisition of Rockwood Sprinkler Company and its Subs. New York state banking department issues call for conditions of state banks and trust companies as of June 30. Bank of England rate unchanged at 3 per cent. Boston rediscount rate cut to 3 per cent from 3% per cent. Philadelphia rate reduced to 3*2 per cent form 4 per cent. St. Louis rate unchanged at 4 per cent. Richfield Oil Company of California declared regular quartcrlv dividend of 50 rents on common payable Sept. 1, record Aug. 1. Directors changed stock of record date on basis of former payments would have been July 20, payable date on same basis would been Aug. 15. Guaranty Trust statement of conditions as of June 30, indicates earnings for first six months of 1930 equal *14.17 a share against *16.90 in first half of 1929. American Machine and Foundry Company declared a quarterly dividend of $1.75 on the old common payable Aug. 1. record July 1. which was split recently five for one. Dividend action on new common to be considered at next quarterly meeting. International Cigar Company declared regular quarterly dividend of $1.25 on old common payable Aug. 1, record July 18. Stocks recently split two for one and dividend action on the new common wiil be taken at October meeting. New York Stock Exchange collateral loans to members on June 30. totaled $3,727,289. a decrease of $1,020,120,623 from May 29. and comparing with $7,071,221,275 a year ago. Marriage Licenses Alvin A. Mavnard. 24. of Bemis. Tenn.. clerk, and Verna E. Smith. 24. of 334 South Hamilton. William Scott. 45. of 202 Detroit, custodian. and Laura E. Stead. 43, of 43 South Oriental, maid. Stephen F. Sullivan. 26. of 2411 Shelby, optician, and Helen M. Dichmann. 21. cl 382 Prospect. Charles D. Mills. 42. of 2009 Boulevard place, butler, and Mallie E. Shackelford. 36. of 454 West Twentieth, clerk. George Williamson. 36. of 1818 Lafayette brakeman. and Louise Thornburgh. 38. of 3278 Hovev. Robert W. Gartin. 20. of 2310 Manlove. tanitor. and Dorothy M. Johnson, 18. of 2022 Cornell, maid. Perry E. Shaw. 18. of 2197 Drake, chauffeur. and Margaret M. Crail. 17. of 950 North New Jersey. Walter R. Wolmetsch. 35. of 5506 Broadway. salesman, and Martha J. Anderson. 30. of 4150 Speedway, clerk. Jesse Bourne. 24. of 1323 Elm. printer, and Martha Zugg. 22, of 6006 University. SCANS MOONEY REPORT Cal'fornia Governor Considers Opinion of High Court in Bomb Case. Bu United Press LOS ANGELES, July 3.—Governor C. C. Young took up consideration today of the state supreme court report he will use as a basis in granting or denying pardons to Tom Mooney and Warren K. Billings, serving life sentences on conviction of participation in the 1916 preparedness day bombing in San Francisco. The Governor stated he probably will announce his decision within a few days. G. A. R. PICNIC ARRANGED More than fifty Civil war veterans are expected to attend the annual G. A. R. picnic of the Federated Patriotic Societies at Brookside park July 30. Mrs. Henriette Neal is general chairman.
Mothers Summertime is the hardest time for babies and young children. In the six bulletins which our Washington Bureau has put up in a single packet you will find a vast amount of authoritative and useful information that will help you every day in the care of your children’s health and well being. The titles of these bulletins are: 1. Prenatal Care 4. Food for Children 2. Care of the Baby 5. Child Health 3. Summer Care of the Baby 6. Malnutrition If you want this packet of six bulletins, fill out the coupon below and mail as directed. CLIP COUPON MOTHERHOOD EDITOR. Washington Bureau, Indianapolis Times, 1322 New York avenue, Washington, D. C. I want the packet of six bulletins on MOTHERHOOD, and inclose herewith 20 cents in coin or uncancelled. United States postage stamps, to cover return postage and handling ' osts. Name * St. and Nc City State. I am a reader of The Indianapolis Times. 4 (Code No.) * i
GRAIN FUTURES SELL DOWN ON WEAKREPORTS Lack of Buying and Rains Hold Bulls in Check; Corn Off. Bu United Press CHICAGO, July 3.—A dull wheat market held around steady with the initial decline on the Board of Trade today and closed lower. News was sparse and the approaching holidays discouraged buying or selling. Weakness at Winnipeg and Liverpool, with rains in Canada and Australia and some Russian selling, were the chief factors. Corn held minor fractional losses and oats was firmer after the early low prices set in July. At the close wheat was l'i to l"i cents lower; corn was ' i to "i cent lower, and oats was % to % cent lower. Provisions were around steady. Liverpool continued to ease during the late trading, but managed to close !i to f ;s cent higher. Exports Wednesday were placed at 1,000,000 bushels, mainly Manitobas, but including a goodly share of American haid winter. Nothing was reported loday. Cash prices were cent lower. Receipts were eight cars. Corn was off fractionally in sympathy with wheat and was unevenly lower at mid-session, with July showing resistance. There was considerable selling in small lots by commission houses. Receipts continued light and country offerings were practically nil. Cash demand was light as is usual before a holiday. Trade was about at a standstill after the opnening activity. Cash prices were unchanged. Receipts were 73 cars. Further liquidation in July oats sent that delivery to another new low and carried the deferred months down about % cent. Prices hung around those levels most of the morning. July sold at 33 :ents. Cash prices were unchanged. Receipts were 24 cars. Chicago Grain Table —July 3 Bu United Press WHEAT— Prev. Open. High. Low. Close, close. July.. .90% .91 .90% .90% .91% Sept.. .94% 95 .93% .93% .95% Dec.. 1.00% 1.00% .99% .99% 1.01% Corn— July.. .75% .75% .75 .75% .75% Sept.. .75 .75% .74% .74% .75% Dec.. .68% .69 .68% .68% .69% OATS— July.. .34 .34% .33% .34% .34% Sept.. .36% .36% .35% .36 .36% Dec.. .39% .39% .39% .39% .39% RYE— July.. .48% .48% .47-% .48 .48% Sept.. .52% .52% .51% .52 .52% Dec.. .58% .58% .57% .58 .58 a LARD— July 9.42 9.45 Sept. 9.57 9.57 9.52 9.52 9.55 Oct 9.55 9.60 Dec. 9.20 9.20 9.10 9.10 9.15 BELLIES— July .... 1932 13.87 Sept 12.70 12.70 Bu Times Soecial CHICAGO. July 3.—Carlots: Wheat, 7; corn. 51; oats, 19. and barley, 3. Bu United Press CHICAGO. July 3.—Cash grain close: Wheat—No. 2 hard. 90%@90%c. Corn— No. 2 mixed. 77 V* ©7Bc: No. 3 mixed. 76%c; No. 5 mixed. 76%c: No. 6 mixed, 75%c: No. 1 yellow. 78®78%c: No. 2 yellow. 74% ®7B%c; No. 3 yellow. 76%®77%c: No. 4 yellow. 77®77%c.; No. 5 yellow. 76%c: No. 6 yellow. 76c: No. 2 white. 82c; No. 3 white. 80%c: No .5 white, 79%c; sample grade. 55 b 64c. Oats—No. 2 white. 36%@ 37c .No. 3 white. 34% @36c: No. 4 white. 34%c: sample grade. 32c. Rve—None. Barley—4so 56c. Tim0thy—56.750.8.25. Clover —510017.50. Bu United Press TOLEDO. 0.. July 3.—Grain close: Wheat—No. 2 red. 94®95c. Corn —No. 3 yellow. 82®83c. Oats—No. 2 white. 41@43c. Rye—No. 2,76 c. Barley—No. 2. 56c. Clever—Domestic, cash. *l3: prime choice. $13.20: October. *13.75; December. sl4. Alsike—Cash. *11.50: October. $ll.BO. Butter —Fancy creamery. 37 038 c. Eggs—Country run. 20021 c. Hay—Timothy. $1.25 cwt. Births Bov* Eugene and Hazel Written. Methodist hospital. Mentor and Velda Rankin. Methodist hospital. Albert and Dorothy Monck, Methodist hospital. R/iv and Doris Carson. Methodist hospital. James and Laura Hammonds. 2405 North Oxford. _ , Frank and Dorothy Reid. 1246 Deloss. Warren and Ethel Parsons. 3947 Park. John and Mary Adamson. 401 South Grace. Lloyd and Ruby Garrison. 3948 North New Jersey. .. „ _ _ James and Bessie Hall. 1409 North DeaUArthiir and Mabel Garvin. Methodist hosPi Arthur and Martha Brown. Methodist hospital. , Girls Ruben and Rhoda Rhea. 5104 East lowa. Joseph and Mary Konrad. 1011 Bellefontaine. James and Alice Martin. 916 Broadw’ay. Russell and Osa Catron. 216 South WalC °Hugh and Elizabeth Pickett. 918 West W Max f ‘and Zelma Sleeth. 435 North GladSt Reathel and Elsie Cook. 204 Hamilton. William and Cordelia Chatman. 232 Rankin. Stanley and lone Klosinski, 4425 East T Louis l 'and Elizabeth _Heck. 3420 Denny. Walter and Mary Prescott. Methodist llo Frank and Helen Schaal, Methodist hosP 'saul and Hattie Silberman. Methodist h °Marvin and Jane Dougherty. Methodist hospital. Deaths Tim Hester. 61. city hospital, coronary C Charles Henry Johnson. 79. 617 North Bancroft, cerebral hemorrhage. Helena Maud Clingler. 58, 1834 Sugar Grove, broncho pneumonia. Hazel L. La Fary, 35. St. Vincents hospital. toxic goiter. Justie Ernie. 32, 5219 East Walnut, pulmonary tuberculos's. Charles Mulleean, 44. city hospital, broncho pneumonia. George W. Gutler, 70, St. Vincents hosoital. appendicitis. , . Marv Viola Zimmer. 71, 4560 Sutherland, pulmonary tuberculosis Howard Rose. 51. Central Indiana hospital. broncho pneumonia. Cf> erine Jane Gatewood, 79, 1629 Ingrat arteriosclerosis. Kate H. Preston, 74, 1220 Park, lobar pneumonia. COFFEE —July 2 High. Low. Close. March 6.58 6.37 6.37 May 6.52 6.27 6.27 Julv 7.03 6.71 6.71 September 7.00 6.75 6.75 December 6.75 6.51 6.51
Marts Closed New York and Chicago stock exchanges, livestock and grain markets will be closed Friday, July 4. Independence day. A double holiday will be observed, the different markets and exchanges remaining closed until Monday, July 7.
BALKAN STATES ARE ACTING AS FRANCE WISHES Behavior Strengthens Hope of Continued Peace, Observers Think. BY STEWART BROWN United Press Staff Correspondent PARIS, July 3.—Trend of political affairs in the Balkans is causing much satisfaction in official quarters here. Every recent political development in the strategically located Balkan states has had the approval of France, and each has aided in strengthening this country's position, and the possibilities of European peace, in the opinion of political observers. Visit of Voja Marinkovitch, foreign minister of Jugo-Slavia, to Bucharest is being watched here with the greatest interest, since it indicates the little alliance is functioning just as France wishes. It is interpreted as a sign of a warm friendship between Jugo-Slavia and Rumania. The conference which just has closed in Czechoslovakia, between foreign ministers of Rumania. Jugoslavia and Czechoslovakia also was believed to have led to greater harmony than ever among the three nations, particularly because of the threat of restoring the Hapsburgs in Hungary, which none of these countries appears to favor. Doings and sayings of King Carol II of Rumania since his assumption of the throne have been received here with entire satisfaction. Such friendliness in the Balkans, among the respective countries and towards France, is regarded here as sufficient assurance against any possible attempts by Germany to prod Austria Hungary and Bulgaria into demanding changes in terms of the peace treaties. It also will serve to combat Italy’s friendly overtures toward Poland, Bulgaria and Austria, and her tutelage of the new kingdom of Albania. TECHNICAL R. 0. T. C. INSTRUCTOR NAMED Major Oscar A. Manscau to Succeed Major Schrocder Sept. 1. Appointment of Major Oscar A. Manseau, retired United States army officer and five years commandant of the Joplin (Mo.) high school R. O. T. C.. to succeed Major Henry F. Schroeder as military instructor at Technical high school here, is announced by the war department. Schroeder resigned. Manseau will report here for duty Sept. 1. The Joplin unit which he taught is ranked as an honor R. O. T. C. unit. Major Thomas E. Cathro, commandant of the Indianapolis R. O. T. C., informed Manseau of his transfer to this city. TAX HIKE RULING SOON Greenfield Judge Announces Op'nion Nearly Ready in County Case. Hii Times Xrirrinl GREENFIELD, Ind., July 3. Ruling in the hoiizontal tax increase case, venued here from Marion county, may be made this month. Judge Arthur C. Van Duyn of circuit court, said today. The case involving petitions of taxpayers for refunds of taxes paid under the horizontal boost law of 1919, 1920 and 1921, since ruled invalid by the supreme court, carries with it the repayment of $6,000,000 to taxpayers should Van Duyn rule in favor of the peiiUoners. OPEN NEW LAW OFFICE Attorneys Announce Formation of Firm After Admission. Following their admission to the Marion county bar in circuit court this morning, Frank N. Huber, William J. Fahey, William A. Boyce Jr. and E. J. McManamon announced opening of law offices at 701 Peoples Bank building. Boyce formerly was city clerk and a leader in anti-Coffin circles, while Huber has been in the real estate business. Fahey for nine years was juvenile court bailiff and McManamon has been traffic manager for the W. J. Holliday Company. ORDER FUND FOR FORT $250,000 Put Back in Housing Bill by Senate. The United States senate has restored to the house military housing bill $250,000 provided for a hospital and officers’ quarters at Ft. Benjamin Harrison, officials at the fort were notified today. The house military committee lopped that sum A rom the bil' but it is believed conferees of the house and senate will permit the appropriation to stand unchanged now.
R.B. GIBSON & CO, Utmbtn BMW TOMB. Ckicttt Md Stock Kscktmta 820 Circle Tower Indianapolia Tat. Lbcoia 1341 (1 Broadway NEW YORK 307 Dixie Terminal Bid*. Ciadiaafi 4
JULY 3, 193ty
HOOVER ACTION ON NOMINATION IS UNEXPLAINED Failure to Name Sponsors of Luhring Arouses Senate Comment. BY LAWRENCE SULLIVAN Timrs Staff CorrMpondfnt WASHINGTON, July 3.—President Hoover’s unexplained departure from one of his own major policies in connection with the appointment of former Congressman Oscar Ray Luhrig to the District of Columbia supreme court has given rise to much comment in political circles here. A threatened inquiry into reasons for the departure was abandoned by the senate judiciary committee only because of the end-of-the-session legislative jam created by the fight over the veterans’ pension bill. Many senators, however, still are seeking privately to learn why the White House did not make public the names of Luhring’s indorsers. Practice Was followed Soon after President Hoover took office, the White House announced formally that all sponsors of candidates for the federal judiciary' would be named when the nomination went to the senate. * The practice was followed in every case until Judge John J. Parker was nominated for the supreme court three months ago. Failure of the White House to announce Parker's sponsors was one of the factors which contributed to his rejection. t In the case dr Luhring, the sponsors’ names were not even privately communicated to the judiciary committee. Nor has the White House disclosed whether Luhring’s case was an exception to the rule or an action marking abandonment of the Hoover innovation. Explanation Offered One explanation was offered informally by a member of the judiciary committee that Senators Watson and Robinson split on the appointment, and rather than send the nomination up with the approval of but one senator, the President decided to publish none of the indorsers. Another explanation, however, is that Luhring v r as the personal choice of Attorney-General William D. Mitchell, and that neither senator was consulted. It is understood, nevertheless, that Senator Watson gave his tacit approval to the nomination and that his influence prevented the projected committee inquiry. After serving as congressman from the Evansville district, Luhring was appointed assistant attorney-gen-eral, in charge of the criminal division, in 1925. He quickly developed a close friendship with Attor-ney-General Mitchell, w'ho then was solicitor-general. His record in the department was without distinction. DIGNIFIED 'BIG BILL’ SCENTS BRITISH PLOT Giant Cracker Rocks Chicago Mayor as Council Bans Fireworks. Bu United Press CHICAGO, July 3.—Mayor William Hale Thompson today sat pondering over the city council’s newest ordinance providing that it shall be illegal to discharge firecrackers within the city limits. If signed it would be effective for July 4. In solemn session it was passed, the last act of a busy session of the council. Solemnly, then, the mayor brought down his gavel for adjournment. A moment later, the council chamber was rocked as a giant firecracker, coming apparently from nowhere, exploded near the mayor's chair. The mayor, lifted from his chair by the detonation, cast a look of disgust upon his city dads, decided they were just boys after all, and walked out. CITES RELIGION’S NEED Ritualism Necessary, Says Pastor at Butler Summer School. Declaring the need for ritualism, in churches and citing the demand of people for a less impoverished form of worship, the Rev. Linn A. Tripp, prohibition officer, spoke today before the annual summer meeting of the Butler university college of religion on the college campus. Other speakers at today’s sessions were the Rev. O. E. Kelley of Terre Haute and Dr. A. T. Robertson of Louisville. The summer meeting closes Friday afternoon. Negro Girl Is Burned Violet Cowherd, 10, Negro, 1129 North West street, was in a critical condition at city hospital today from burns sustained Wednesday when her clothing caught fire from a lamp she was carrying. The girl was looking for clothing in a dark closet when her dress was ignited by the lamp. She was burned on the chest, arms and back.
Robert K. Tomlinson INVESTMENTS B*4-85 ConMnrntal Bank Bldg Indianapolis Lin. 9418
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JamesT. Hamill & Company BROKERS India napolla MEMBERS Chicago Stock Exchange Chicago Board of Trade Indltnapolla Board of Trade Associated New York Cnrb 203 Continental Bank Bldg. TeL. anej 5493—EDey *4*4
