Indianapolis Times, Volume 42, Number 57, Indianapolis, Marion County, 16 July 1930 — Page 14

PAGE 14

STOCK ISSUES SELL OFF ON PROFIT-TAKING Oils Reflect Buying. With Sinclair in Lead; Money Easy.

Average Stock Prices

Average of thirty Industrial* Tuesday was 133 79 off 42 Average of twenty rail* was 134 1* off 33 Average of twenty utilities *a* •*-•*-_“** 4 1 Aier ** 01 forty bonds was 13 54. up .06. Bv United Pres NEW YORK, July 16.—Stocks showed a moderate easing tendency today on a continuation of profittaking which developed toward the close Tuesday. Losses in the trading favorites ranged from a fraction to several points. Trading activity showed a decided falling off on the reaction, -jwwever, and offerings of the principal trading stocks were easily absorbed. Somewhat offsetting the easier tendency were sharp upward movements in several special issues. Steel Sells Off Steel common. General Electric, American Telephone, American Can. Vanadium and other trading favorites were leaders of the downswing Selling in the main body of stocks was prevented from gaining headway by signs of special buying. General Motors was taken in large blocks at a fractional advance, while issues with a small floating supply like United Aircraft and Certain-Teed preferred made gains of more than 3 points each. Oils Are Bought Oils continued to reflect important buying with Sinclair supplanting Standard Oil of New Jersey as a leader. The latter recovered an early point loss, while Sinclair moved above the 25 level on large volume. Strength in oils was influenced by overnight publication of figures by the American Petroleum Institute, showing a further decrease of 1.242,000 in gasoline stocks and of 50,700 in crude oil production during the past week. Price movements in the general list were little affected by a further ease in call money, which was in supply in the outside market at per cent, compared with the official rate of 2 per cent on the Stock Exchange.

Banks and Exchange

INDIANAPOLIS STATEMENT Indiantpolls bank clearings Wndncsdai. Jul* 16. *4,551.000: debits. $8,599,000. < HICAGO STATEMENT CHICAGO.” Julv clearings. *128.200.00. balances. $28,400,000. NEAT YORK STATEMENT new 'York! Julv 16.—Bank clearings. *1 307 000.000. clearing house balance. *205.000.000 federal reserve bank creoit baiance, *179.000.000. TREASURY STATEMENT rt WASHINGTON. Julv 16.—The treasury report:d the net balance on July 14. was *219.343.267.09: customs receipts tor the month io Julv 14 were $10,817,331.35. government expenditures tor that day were $12,259,512.86

New York Bank Stocks

—July 15— , Bid. Ask. Amrrica 5S ?I' Bank of United Slates .. 44 • 45 Central Hanover 345 3 59 Chase National }s] Chatham Phoenix Natl ... 105 106 City National 1 } 3 * Corn Exchange I*l ‘J; Commercial fOS 415 First National 4.900 4,9.5 Ouarantv *34 633 Irving 52 a 33 *

Local Wagon Wheat

Citr grain elevators are paving 75c for No. 17 red wheat and 72c for No. I hard wheat.

Produce Markets

Eggs iCountry Run> —Loss off oellverd in IndJbnapclis. 16c: henerv auality. No. 1. 20c; No. 2. 13c. _ Poultry ibuying orlces —Hens. weighing 4’ lbs. or over. 17c: under 4'? lbs.. 17c: Leghorn hens 14c:sonngers.2Wlhi er over 3tc* under 2 1 .! lb®., 18c: Leghorn sprinters. 14c: old cocks. 9 ft iloc; ducks, full feathered fat whites. c: eae 6c These prices are tor No 1 too ouatity cuoted bv Klngan & Cos. . Buter iwhclesalel —No. 1. 384139 c: No. J 36® 37c. Cheese fat Twhoiesale selling price pet pound>—American loaf. 31c: pimento leal. ?2c Wisconsin firsts. 27c: Lognhorns. 34c. New York Llmbereer 36c. CINCINNATI. * July 16. Butter— Steady; creamery In tub Jots according to score. 32 35c: common score discounted. . 3c; packing stock No. 1. 26c. No. 2. 20c; No. 315 c: buttertat. 31'<i33c. Eggs—Lower, cases. Included; fresh gathered. -2'ac: Irsts 20c: seconds. 17c: nearbv ungraded. 70c Live poultry—Thin and coarse stock rlls only at heavy discount: fowls. 5 lbs. and over. 20c: 4 lbs and over. 19c: 3 lbs. end over. 19c: Leghorns. 3 lbs. and over. 16c roosters. 13c: colored fryers, over 3 Ihs.. 32c. broilers, colored over 2 lbs.. 28c broilers ©vfr 1*; lbs., 24c: lbs. and oi er 22c: Leghorn and Orpington broilers over I'.- lbs.. 22c: I'. lbs. and over. 19c: broilers, partly leathered, 1 1 -a -Oc. black springers. 20c. \ P Chicago! July 16.—Egg Market. Steady receipts. 11.105: extra firsts. 20' 3 4i 21c: firsts. 20c; current receipts 13c: - dlnarles. 17!8c: seconds. 15'jc. ButterMarket. Steady receipts 9.129. extras. 34c; r *fyj 1 1 ' 32: firsts. 9‘*i 30c. seconds. 27 28* at: standards. 34c. Poultry Market, easv receipts. 4: fowls. 22c: ypnnaers. 29c: leghorns 16* jC. ducks. 13c. geese. l*e turkevs. 18c: roosters 15c; hrollers. 21c. Chewe—Twins c - Young Americas. l*J?l6'.c Potatoes—On track 181: arrivals. 57; shipments. 902: market, stronger. Kansas and Missouri racked Ir'sh cobblers. sl.Tsff 1.85: East Shore Virginia barrels. Irish Cobblers. $3 BSff 3 80. *?,/ / ff jtt'il Prr.u i _ . CLEVELAND. July 16- Butter-Extras 38c: extra firsts. 3c. Eges-Extras 21’rc: firts 20c. Poultry—Ebwl*. 24c: medium. 23c Leghorn IS-HJOc: heavv broilers 25.i JOr Leghorn broiler*. 20 6 22c. ducks. 12 ff2oc: old cocks. 12ffl4c: geese. 10*: 15c. NEW YORK COFFEE RANGE High. Low. Close. . rc h 6.35 6.30 6.25 Marcn July V. .. 619 5*5 595 September ** 2 *** **® December * s - 3 8 40 $20,000 LOSS IN FIRE Business Houses and School Unit Burn at Pleasant Gardens. Bv r milrd Press PLEASANT GARDENS. Ind.. July 16.—A *20.00 fire swept through a section of this village today and for a time threatened the entire town. Buildings razed by the flames included the high school gymnasium, Hclesapple general store, restaurant and feed store. Glen Hessler barber shop. McCullough & Senter garage and restaurant and the Peter Holesapple residence. The Are started In the garage, and all buildings on the north side of the National road were burned. Lost waa only partly covered by insurance. The Brazil fire department waa called, but was unable to check the conflagration because of of water.

New York Stocks - Bv Thomson A McKinnom

-July l- prev Railr.ad*- H|rh 11. W clot* A trillion 234’ i 222% 322 .i 334 • Balt A- Ohio *22, Cb*M A Ohio I*3'. I*’- • Chesa Corp jj, Chi Ort West 11,* C B I & P 105 * iV2. * Del A Hudson •* Erie 43 • Erie Ist pfd .... J?,* Great Northern. 82 Gulf Mob A Oil. ~• Illinois Centr.il "* * 'IS Kan City So mV* “ % 43*. ‘B* mS S Bid 123’. 124’, N Y Centra! ’67% 166 * I*7*, } Nickel Plate * NY NH &H .. . , • - I*s a ’2! Nor Paclllc 76 75 <6 •# O A W .** * Pennsylvania 75’, 75’, 75’, 75', so*pa*nc v.v.v:: ::: m, •;* Southern By ?< ’ St Paul pfd 2, . ... S’. LA 8 Y ®’* 94 * Texas A Pac... „ • Iff Union Pacific - 222 .20 -.0 Wabash 36’, 36’. 36 .. 96 . W Maryland ••• *4 • 23 Equipment*— .. .. Am Car & Fdy ->0 50 Am Locomotive .., Am Steel Fd 38 Am Air Brake 8 .. ■■■ l?,' 3 Gen Am Tank 35% *J • §’ B9 * General Elec 70’. 9’, ‘0 71V, ; Gen Rv Signal.. . ... o < Uma Loco ,3, N Y Airbrake * Pres* Stl Car.. •• ■, Pullman 6* *7*. 6* *' • Westlngh Air B J 9 4O. Westfngh Elec .142’. 140', 142 • 110 . Rubber,— ~, ; Firestone *s,* SP* ef r ... • i ** * 2 Goodrich 26', 26 . 26', 20'. Goodyear ..... .. ••• Kelly Sprgfld ..4 3 . 4 * .. 22’. 22% 22’. 22’, Au"l!‘rn”“ • H 9;, llj’’ ’ Chrysler 29 3 -3 a i Oa*-dner Graham Paige. . .* Hudtin . ot ? r ‘: tU 8- 8* / : 57 'so-, 57 57/ 1 Nash 1011 ......... 36’, 35% 3a’. 35% Packard 14% 14', IP. 14 . Ro 9't 9 9-. 9 Sludebaker . 34’. 33’, 33'. 33. Yellow Truck ... 27’. 27'. 27’. -7 ,a Motor Access — Bcndix Aviation 34’. 32 33- 33 Borg Warner 29% 291. Briggs 13’ 19'. 19 * r® Campbell Wy ... .. ... *9 < Eaton ... 2a" -J. El Storage B . 64'. 64’. 64 a 6a^e Hares Body 7 ® * Honda 11 * Motor Wheel - 3 ’ Sparks W 21’. -1% 21-. 21 Stewart Warner. 24’. 24’., 24', 24 , i Timkin 801 l 62-, 60 s . 62’. 6114 Mining— ~ Am Metals 33 2 Am Smelt _ ... 63,a 64 Am Zinc *’. * % 8 , Anaconda Cop.. 49% 48% 43 . 49 a Cal A Hecla , • ‘5% Cal A Ar u 53 02% 02% j4‘i> Cerro de Pasco 49’/. 49, Dome Mines 7 Irceport Texas.. 42, 42'. 42 a 42 . Granby Corp 33 Great Nor Ore 3 1 Green Can Int Nickel 2a 24’. 24, 25 Inspiration laj. 15 la la Kennecott Cop.. 38, 38'a 38 a 38 i Magma Cop 33 ,* Miami Copper } ‘ Nov Cons ... •••,, I?, 1? , Texas GUI Sul.. ** 35 . sa’, 5a a U S Smelt 19 18', 18 . 19 Oils— Amerada Am Republic ... -2. At! Barnsdall 24-* -4 J § -J a Houston 85Vh 84 84 8.) Illd Oil ;■ 33 ‘’ Indian Refining I 3 ', 1 3 '* Lago Oil 3 ,2 Mex Sbei 23', 22’. 23’. 23'2 Mid Conti 25’, 25'. 2a, 2a Pan-Amer iß' .. 56’. 58*. 58a8-s Phillips 34‘, 33, 34', 33‘a Pr Oil A Gas 37’,, 37’ 1 Pure Oil 22’, 22 22 22', Richfield 18-a 18 18 18*. Roral Dutch ... 54', ... 54 . o4’ Shell Un 19'-. 19'. 19 1 2 19', Simms Pt 22, 2'2’. 22’. 22’. Sinclair 24’, 24'. 24-. -42 SkellT 31’. 31', 31 , 31', Stand of Cal . 62 1 - 62'. t>'2' 62, Stand of N J .. 72'< 71’. 72 Stand of N Y . 33 32’, 32’. 32, Texas Cos 53', 53 a3>. a312 Union Oil 41-, 41',2 41’2 41, Am f ßoir Mills.. 55 54’. 55 sa',i Bethiehem 84’, 84 84 84', B-ersAM 76, 74’, 76U .6, Colo Fuel .... 51 50'2 50*2 50, Crur Steel 26’. 26', 26'a 78, Luaium ••• , 3 ',* Midland ••• 30-, -9 2 Repub IA S. 44’. 44 44 44’. US Steel 163*2 162;, 162’. 164 Vanadium 94’. S3’, 94 ®4 Youngst SAW 3a , 2 Tobaccos — ~ Am Sumatra 4 Am Tobacco IAI .. ..... 33 8 Am Tob iBl 243’ 242 . 242, 243'. Con agars Genera! Cigar ... 49 , lie A Mvers 8.94 94, 94 2 94 . Lorillard ... ’7 Reynolds Tob °‘ L , Tob Pr B ■ • 4 '* 41 * United Cig ..... 7 6 . 7 7 Utilities — Abitibi •• ••• -as, Jm For E pwr‘::: 8*! 69 6 .: frl 70 * ‘"Ttr. 1 ': 220’. 218] 2 219 4 220?, Col Gas A E 1... 66, 6a , 05, 65, Com A Sou 14, 14, 14,. 14, El Pwr ALi ... 71, .0, .1 <1 Gen Gas A . ... 10, 10, 10, 10 2 Inti TAT. 47, 46, 4,4,, Natl Pwr A Li.. 44 . 43, 44 43, No Amer Cos. 99, 98 9B, 90], Pac Gas A El. 58, 58, 58, 58 2 Pub Ser N J . . 99,- 98, 99 99, So Cal Edison. .. ... ••• 58 2 Std GA El ... 94, 93, 94'- 9a, United Corp 34, 33, 34, 34, Ut Pwr ALA 33, 34 West Union 169*j lio Shioplne— Am Inti Corp 3o Inti Mer M pfd 22, 22, | No Gm L!ovd *fi I United Fruit 93, 93 roods— Am Sue ’ 09 ? Armour A *'• '* Beechnut Pkg .. ... 53 53 Cal Pk 2 61, 61, 61, 62 Can Drv .. . ... 65, 64’* 65, 64, • Childs Cos S3 1 Coca Cola 1 Cont Baking A . - k . 3 2 Corn Prod .... 96, 96, 96, 95, Gen Food* 55, 5A'. 55 56 Grand Union ... 15’s 1J l5 * 14 Hershev 96 95 95 97, Kroger 27, 27 -7 2< * Nat Biscuit 86, 86, 86, 87 Pillsburv 33 32 \ 33 31 4 ‘ ltd* Brands 20, 20, 20, 2f. Ward 8 * Drugs— ... , nl . Coty Inc 20 2 -0 j? Lehn A Fink 30, 30 Industrials— Am Radiator ... 36, 23 26* -a* Certainteed 10, 10, Gcii Asphalt... 47 46, 46, 47, Lehigh Port 33

Indianapolis Stocks

—July 18— Bid Ask • rr*r Central Lite 'ns Cos. .. .1.000 •Belt R R & Yds Cos c0m..... 59'* •Belt R R & S Yds Cos ptd .. 56 61 Bobbs-Merrlll Cos .. JO 33 .. Central Ind Power Cos pfd 89 94 •Circle Theater Cos com 105’w Citizens Gas 27 - = Citizens uas old . ..••.•••• 9J Commonwealth LCo pfd I'r .. 98 103 •Commonwealth L Cos pi 8 ci. 99 •• •Hook Drug Cos com new 23 3o i Ind Hotel Cos Clavpool com 133 Indiana Hotel Cos pref 100 104 Indiana Service Coro ores 86 •Indianapolis Gas Cos common. 5i 61 Indols North Western. .. •Inpdls Power o: Lt Pfd 102 104' 2 Indp's Pub Wey Loan As com. *3 58 Indpls 8t Rv Cos pfd ......... 10 ... Indianapolis Water Cos pfd IJ2H •Interstate DSCo or Lofßß * 93 Interstate Pub zerv 7". ..-. 102 .04 i •Northern Ind Pub T* co pfd 106 Metro Loan Cos ...... *9 •Northern Ind P 5 *s'" co pfd 92 98 •Northern Ind Pub 6 co pfd 99’ t 101 •Progress Laundry Cos c0m.... 44 4i S Rauh & Sons Fcr Cos ofd.. .. Real Silk Hosiers M Inc ofd. 96 Shareholders Investors Cos. ... 23 Standard Oil Cos of Ind 30'a T H I & E pfd ...••* Terre Raute Trac LCo ofd. 79 Union Title Cos common... ... 40 Van Camp Prod Cos Ist pfd. .. 98 Van Camp Prod Cos 2nd pfd. .. 98 •C*-Dividend —Beads Belt R R * Stock Cos as 91 Broad Ripple Ji ... Central Indiana Gas Cos 55.... 99Ji ... Central Ind Power Cos 6s 98!* ... Citizens Gas Cos 5s Citiznes Street Railroad 5s .. 42 i Gary St Rv Ist 5s _ .65, Home TkTof -t Wayne 6s 101’ ... Ind Northern Trac Cos. ... 2! > Ind Rv & Light Cos 6s 95 Indiana Service Corpn 5s . . 88 . Indols Power At Light Cos ss. 100!* 101 Indiana Un>or Trac Cc 5* 7. Indpls Col & Trac Cos 6s 93'ir ... Irdlanaoolls Gas Cos 5s 100 Indpls & Mart Rapid T Cos 5s 6 Indpls No Trac Cos Ss 13 15'a Indpls North Western C 0.... ... Ir.dpls Street Rv 4s. > 29 30H Indpls Trac Ter Cos 5s .81*a 84S maple Union Rj ss 10OA, Indpls Water Cos 6-iS 103 104 v. Indpls Water Cos 5s 98*i Indpls Water Cos Ue At ref 98** ... Indpls Water 4'ys 94 Indpls Water W Sec Cos 5s ... 88'i ... Iterstate Pub Serv Cos 4**s .. i v Interstate Pub Bet Oo Ss ... 98 Interstate Pud Ber 6 1 -.• iM No Ind Pub Serv Cos Ss tOi*> No Ind Telephone Cos 6s 98* a luO T H Ind * East Trac Cos 55... 6. T H Trac Urht "o as TO Union Trac of Ind Cos. 6s MIS ... 1

Otis Elev 65, 65 65, 65, Indus Them*— Allied Chem 267 267 Com Boly 2a 24, 24, 24, Union Carb 72, 72, 72, 72, U 8 Ind Aleo . 73, 72, 73, 71, Retail Stores— Assoc Drv Gds . 36,. 31, 34, 37, Gimbel Bros • I*. Kresge S 6 3 f, ; * May D Btore 45 45 Mont Ward 36’* 3* ?6 35, Penny J C • * °5 Bchulte Ret St , ~ Sears Roe . . .. . 67, 66, 6i, 67 Woolworth .. 57’ 57'* s*, 58 * Col Graph 17, 17 1< Croslev Radio . . ■ - Eastman Kod . . .208 206 206 -08 Pox Pilm A ... 45 43, 44, 44 Grigsbv Gru 15 14?* 14, 15 Loews Inc 4 jj}. Param Fan ... 60’* 60 60 60 * Radio Coro . 40, 39’* 40 4 0 , Schubert 17, 17 1< * ,‘s Warner Bros . 43’* 43 43, 43 * Miscellaneous — • Airway Adp .2, * Congol*um ■■■ ’ Am Can 12a . 124, 12a 126 Cont Can 58, 58. 58, 57 2 Curtiss Wr .... 7, 7 7 . 7* Gill-tte SR • 75, 74, 75, <5, Real Silk 4 °, U S Leather A 17 16, 16’* ...

In the Stock Market

IBv Thomson A McKinnonl NEW YORK. July 16.—We probably are safe In assuming the extreme low point in the seasonal contraction of general business is behind us. The sharp decline in carloadings should, and no doubt will, be followed by a steady increase from here on. Similar gradual expansion in the steel industry, now that the automobile activity is getting under way, would be a further logical development. Another branch of industry making steady and determined headway is the oil industry. Weekly statistics disclose particularly gratifying results, both refiners and producers co-operating, the former holding in check gasoline production and the latter crude oil. Crude output this week is running nearly 400,000 barrels daily less than the same week a year ago. Comparisons from now on should make persistently better showing with a vear ago, when business began tapering off. Obviously these facts are what are influencing the large scale market operators. Brokers’ loans also have probably seen the low print. Inconsistent as it may seem, increased borrowings henceforth should be regarded as bullish. We see nothing to interrupt the upward trend of the market, barring the usual and normal reactions.

Births Boys Marvin and Pearl Bov'd, 856 North New Jersey. „ „ James and Sara Scott. 541 Grand. Joseph and Anne Clemans, St. Vincent's hospital. _ . Hamilton in-1 Catherine Drumond, St. Vincent's hospital. John and Ruth Baur, St. Vincent s hospital. . Charles and Permeiia Newport, 21 <2 South Delaware. Kenneth and Gertrude Mason, 624 Capitol. Girls Lee and Dortha Ballard, 525 North Belie Vieu. Ervin and Fae Berning, St. Vincent s hospital. Deaths Charles Wes'ey Stewart, 65, 1622 Pleasant. chronic *r>vocal ditis. Harrison Tucker, 71. 1427 North Delaware, chronic myocarditis. Martha A. Dunwoody, 68. Methodist hospital, carcinoma. Theodore B. Hatfield. 56, 3737 North Meridian, acute dilatation of heart. Charles Mclntire, 59, street car barns, apoplexy. Mlssouria Cannon. 45. 909 West Twentyseventh. acute myocarditis. Fred W. Cornett. 69. 2955 Indianapolis, acute dilatation of heart. Abraham Waits, 57, 1137 Harlan, chronic myocarditis. Frederic Kirgis. 51. St. Vincent's hospital. chronic nephiitis. Pansy Harlan, 40. 410 East Walnut, peritonitis. Christopher Columbus Robertson, 77, 325 South Pine, chronic myocarditis. Harriet M. Noble, 82, 718 Lexington, uremia. Ethel L. Jackson. 35. Methodist hospital, intestinal obstruction. William Anderson, 44, 1410 Mill, typhoid fever. Other Livestock Ite r(i ;!<'' Pith PETERSBURG. July 16.—Hogs—Receipts. 1.500: market. 10® 25c on choice. 170-200 lbs., $10.15: 210-240 lbs.. $9.75® 10: 250-310 lbs. $9.40(0 .'-.65: 120-160 lbs., 9.65® 10: sows. $7.25(0 7.75. Cattle None. Calves—Receipts. 100: market, steady, strong; desirable vealers. $11(012; choice un to sl3. Sheep—Receipts. 500: market, rteadv; choice lambs. $10.650 11; others. $9.50(010.50; aged wethers. $4.50. ft” r n itril Press EAST BUFFALO. N. Y., July 16.—Hogs— Receipts. 1.300: holdovers, 200: market, generally weak to 10c off; sows, steady; ulk, 220 lbs. down, including pigs, $104; 10.15: 230-250 bs., 09.60(0 10: few weightier butchers. ■99019.50‘ packing sows, mostly $8; few. $8.25. Cattle—Receipts. 175; light supply steers; slow sale: indications lower; cows and hulls, steady; few fat cows. $5.50(0 6.50; cutter grades. largely. $3,504; 4.50: medium bulls. $5.50(0 6.50; calves, receipts, 150; market, generally 50c off; good and choice veals. $13(013.50: common and medium. $8.50(0 11.50. Sheep—Receipts. 800; market, slow, about steady: bulk better grade lambs. $11.50(0 12: common and medium, sß® 11; fat ewes largely $2.50 4*3.50. Hu Vnitrri Press CLEVELAND. July 16— Hogs—Receipts. 1,100; holdovers, none: steady; 150-220 lbs., mostly 59.90; nothing done on heavier weights: pigs, 59.50® 9.75; packing sows, $7.75; stags, *5.75. Cattle—Receipts, 475; steers and yearlings, slow, fully 25c lower: outlet narrow at decline: common and medium grades. $6.25<0 8; she stock and bulls, steady to 25c off: beef cows, $5416.50: all cutters. $34; 4.50: medium bulls. $5.254/6.50: fe v up to $7; calves, receipts. 600; steady to 50c off; good and choice veals. $12.504'13: top. $13.50; heavy calves. $1047,12. Sheep—Receipts. 500: steady; good ind choice lambs. $10,504; 11: choice lambs quoted up to $11.15; common and medium grades, $84710. Bu Time* Special LOUISVILLE. July 16.—Hogs—Receipts. 500: market. 10c higher: 250 lbs.. $8.90: 165-250 lbs.. $9.50: 130-165 lbs.. SS.7O; 130 lbs. down. $7: roughs. $6.50: stags. $5.90. Cattle—Receipts. 200: market, steady and slow; prime steers. $8.504;9.50: hea' v shipping steers. $7.25® 8.50; medium to plain steers. s6® 7.25: fat heifers. $64; 9: good to choice cows. $4.50® 6.25: medium to good cows. $3,504; 4.50: cutters. s3® 3.50: canners. $247 3: bulls. s4® 6.50. Calves—Receipts. 400: market, steady; choice, $9.30 ®10: medium to good. $8.50® 9.50: common to medium. $6 47 8. Sheep—Receipts, 2.000: market. 50c lower on tops and seconds; sheep, steady: ewes and wethers, lambs, $9.50: choice. $9.75® 10: buck lambs. $8.50; seconds $4.50®.5: clipped lambs, $2.50® 3.50. Tuesdays' shipment'—Cattle. 222: calves. 332: hogs. $6: sheep. 1.742.

INVESTMENT HOUSE IN NEW TOWER OFFICES Umphrey & Hartz Move From Old Quarters in Bankers Trust. Umphrey fc Hartz, investments, have moved their executive offices from 347 Bankers Trust building to suite 820 new Circle Tower building. According to W. A. Umphrey, the move to new, enlarged quarters was necessitated by the rapid expansion of the company's business. Umphrey <fc Hartz specialize in the buying and selling of high-grade stocks and bonds. The sales division of the organization is under the supervision of Roy F. Hartz. Harvest Anniversary BiV Times Special LOGANSPORT. Ind.. July 16. Sixty-four years ego Nathaniel Tilton assisted in the harvest of wheat from a ten-acre field on a Clay township farm. This year he assisted in narvesting wheat grown on the same field. The yield in each year was twenty-five bushels an acre. Ford Enters Italy fill T'i* it rtf pre** ROME. July 16.—The Ford Motor Company and the Isotto Fraschini Autmobile Company have signed a convention providing for establishment of several factories in Italy for the manufacture of automobiles, the Economic AgencjL announce^

THE INDIANAPOLIS TIMES

PORKERS SHOW FIRMER TREND AT CITYYARDS Dullness Prevails in Cattle and Calf Markets; Sheep Even. July Bulk Tod Receipt* 9. *9.50'09.75 *9.85 5.500 9. 9.50*5 9.75 9.80 S.oGC 10. 11 9.604i 9.90 10.00 5.500 12. 9.704i 10.00 10.00 3.000 14. 9.405 9.75 9.75 8.500 15. 9.504/9.75 9.7a a.OOO 16. 9.505 9.75 9-85 6.000 Light hogs and underweights were selling steady to 10 cents higher today at the city stockyards, prices mostly steady. Other classes were stead. The bulk, 160 to 250 pounds, sold for $9.50 to $9.75. Top price paid was $9.85. Receipts were estimated at 6,000; holdovers were 552 Slaughter classes moved dully ir the cattle mraket. Most bids were 25 to 50 cents lower with indications that the final trade would develop at this level. Receipts were 1,400. Vealers were steady. Calf receipts were 600. Sheep and lambs were little changed. Good and choice lambs brought $lO to sll. Receipts were 1,400. Chicago hog receipts were 21,000, including 5,000 direct. Holdovers were 9,000. The market held very slow and steady. A few early bids on sows were unchanged, most bids on lighter weights unevenly lower. HOGS Receipts, 6,069; market, hisher. —Light Lights—-(l4o-160) Good and choice. .. .$9.50® 9.60 —Light Weights—-(l6O-1801 Good and choice .... 9.755! 9.85 (180-2001 Good and choice 9.75(/c 9.85 —Medium Weights—-(2oo-220) Good and choice 9.60 (220-500) Good and choice 9.50® 9.60 —Heavy Weights—-(2so-2901 Good and choice 9.00<f2 9.25 (290-3501 Good and choice 8.75® 9.00 —Packing Sows—-(27s-500) Medium and g00d..., 7.50® 8.25 —Slaughter Pigs—-(loo-130) Good and choice 8.75@ 9.35 CATTLE (Slaughter Classes) Receipts, 1,100; market, lower. —Steers—-(6oo-1100) Good and choice $9,50(5U.25 Common and medium 6.50® 9.50 (1100-1500) Good and choice 9.00®11.00 Medium 7.00® 9.00 —Heifers—-(sso-850) Good and choice 9.004510.70 Common and medium 6.00® 9.00 —Cows — Good and choice 6.50® 8.00 Common and medium 5.005) 6.j0 Low cutter and cutters 2.50® o.OU —Bulls (Yearlings excluded) Good and choice (beef) ®-??S Cutter, common and medium... 4.00® 6.25 CALVES and VEALERS Receipts. 600; market, steady. VeaJers (Milk Fed) Good and choice Medium 8.50® 11.50 Cull and common 6.00® 8.50 Calves (250-500) Good and choice 7.50® 9.50 Common and medium 5.00f1> 7.00 STOCKER AND FEEDER STEERS (500-600) „ „„ Good and choice $ 6.50® 8.00 Common and medium 4.50® t.uo (800-10501 Good and choice ®-50® 8.00 Common and medium 5.00® 6.j0 SHEEP AND LAMBS Receipts, 1,400; market, steady. —Lambs— Good and choice Common and medium 6.50® 10.00 —Ewes — Medium and choice 2.50® 3.^0 Cull and common I.oo® 2.5 J

Other Livestock Bn Vnileil Press CHICAGO. July 16.—Hogs—Receipts, 21.000: including 4.000 direct: unevenly 10 4; 25c off: light weights and butchers off most: early top. $9.50; bulk desirable, 170200 lbs.. $9,304*9.45: light lights. 140-160 ibs.. good and choice. $9.15(77 9.45; lightweight. 160-200 lbs., good and choice, $9.25 ® 9.50: medium weights. 200-250 lbs., good and choice. $8,804*9.45: heavy weights. 250350 lbs., good and choice, $8.25478.90: packing sows. 275-500 lbs., medium and good. $7478: slaughter pigs. 100-130 lbs., good and choice. $8.50®9. Cattle—Receipts. 19.000' calves. 2.000; semi-demoralized trade on 'weighty cattle. 50c or more lower; new low since 1926: prospective top weighty bullocks around. $11: best long yearlings early. $11; mostly. [email protected] on fed steers: steers. 600-900 lbs., good and choice. $9.25 47 11: 900-1100 lbs., good and choice. $8,754* 11- 1100-1300 lbs., good and choice. sß.7d (fill: 1300-1500 lbs., good and choice. sß.2'; 4711: 600-1300 lbs., common and medium. s6® 8.75: heifers. 550-850 lbs., good and choice. s9® 11: common and medium,. $5.50 479: cows, good and choice. $6.50®'8.50. common and medium. $4.75®6.50: low cutter and cutters. $3.75474.75: bulls yearlings excluded, good and choice, beef, $6.75 fire cut medium. $5.50477.25: vealers, mill; fed. good and choice, $124713.50; medium. $lO 50® 12: cull and common. $64770.50: steers. 500-1050 lbs., good and choice. $7.50 8 75- common and medium. $5.50® 7.50. sj, e eo—Receipts. 17.000; slow, bids and few sales 25c off: sorted natives. $10.50; early tOD to outsiders. $11: best western lambs, held above $11.25: fa* ewes strong SO"7 3 75- feeders, scarce: lambs. 90 lbs. down, good end choice. $10.254711.40: meduim. $9 ®lO 25- all weights, common. $6.50®9: ewes 90-150 lbs . medium and choice. $2.25 474* all weights, cull and common sl4? 2 75' feeding lambs. 50-75 lbs., good and choice. $7,254*8. ft " Vnileil T're** FT WAYNE. Ind.. Juiv 16—Hog market, stead'v: 90-120 lbs.. $8 65: 120-140 lhs. $9; 140-160 ibs. $9.25: 160-180 lbs.. $9.50: 180n OO lbs. $9 60: 200-225 lb',.. $9.50; 225-250 lhs.. $9.30: 250-275 lbs.. 59.79: 275-350 lbs.. $8.75: rough' $7.50; stags $0.50; calves, sl2: lambs, $lO. Bu Vailed Press CINCINNATI. July 18.—Hogs—Receipts. 1.570. including 570 direct: heldover 57a; very uneven, 10®25c higher: supply light: heavyweights dreggy, pigs end light lights strong to 25c higher; sows steady to strong: bulk desirable 170-240 lbs.. $9.75 n 10: best 170-210 lbs.. $10: some less desirable kinds. $9.85: better grade 120-160 lbs. mostly $9.50; few strong weights up to $9.75; bulk sows. $7.75. Cattle—Receipts 450: calves. 350; generally steady on all classes: all grades of slaughter cows and bulls in good demand: other classes slow- some bids lower on medium steers: odd lots common and medium grass steers and heifers. $6®7.50: one load grain or grass steers. $9: most cows. $5.25®6.50: low cut*ers and cutter cow's. 52.50®4.75: bulk $3.25® 4.50: most bulls. $3.75® 6.50; weighty individuals up to $7: good and choice vealers. $10.50® 12: lower grades largely $74710. Sheep—Receipts. 1.300: unchanged: good and choice lambs. $10.50 to mostly $11; common and medium. Ss® 7.50: carry weak undertone: good buck lambs up to $8.50: fat ewes. s2®3: choice haodv weights quotable $3.50; bucks, $1 4*2. Bi; Vnitrri Press EAST ST. LOUIS. TIL. Julv 16 HogsReceipts. 10.000: market steady with Tuesday; bulk. 140-220 lbs.. $9.35® 9.50: 230260 lbs.. $D®9.25: 290 lbs.. $8.90; sows. $7.40® 7.50. Cattle—Receipts. 4.500; calves, receipts. 2.000: market extremely slow: mixed yearlings and heifers 25c lower: few. sß® 10: bulls, steady: best medium kinds. $6.75: vealers. 50c higher at sl2: prospects low°r on other classes. Sheep —Receipts. 4.500: market, no sales: asking steady; packers bidding 25c or more lower. Bu Vnitrri rrrss TOLEDO. July 16.—Hogs—Receipts. 300: market. 10® 15c off: heavies, $8.50® 8.75: mediums. $9.15® 9.40: Yorkers. $9.25® 9.50pigs. $9,154; 9.50. Cattle—Receipts. 100: market, slow and weak. Calves—Light: market, steady. Sheep—Lifht: market, slow and steady.

James T. Hamill & Company BROKERS Indianapolis MEM BERN Chicago Stork Exchange Chirago Koartl of Trade Ind’anapolis Board of Trade Associated Sew York Corb 203 Continental Bank Bldg. Tel. Riley M 93 Riley M 94

We Make •REAL ESTATE FIRST MORTGAGE LOANS FA SIIKKB TRIST rOMPAJiI ISO East Market Street Riley fMR

Dow-Joiies Summary

American Gas and Electric Company s I subsidiaries report output of 67.,18.543' kdh for week ended July 12. a decrease of 8 per cent for like week. 1929. Sperry Flour Company. General Mills j sub reduces price of fiour 20 cent a barrel. | lowest price In eighteen years. American La France & Foamite Company quarter ended June 30, net loss $15,282 after interest charges against profit, *126.000 in June quarter 1929. Six months net loss *11,605 after Interest charges against profit of $79,33* in first half 1929. Transue Williams Steel Forging Corporation quarter ended Jjne 30. profit *23,41] after charges and ordinary taxes, but before federal taxer, against *137.603 in June quarter, 1929. Six months' 552.730 before federal taxes against $288,279 in first half of previous year. Havana Electric Railway Company year ended Dec. 31. 1929. net income. $37/.580 after taxes, interest, depreciation, etc., against $216,943 in 1928. Western Electric Company sales for six months ended Julie 30, were $201,620,000 against $194,694,000 in like 1929 period, an increase of 3'a pei cent. American Chicle Company in six months ended June 30 earned *2.16 a share on 500,000 common shares against $2.27 a share on 435.289 common shares in like 1929 period. Reduction of 126.000 barrels in daily production of oil in Texas fields recommenced bv operators of state at meeting in Ft. Worth. Hershev Chocolate Corporation calls for redemption Aug. 15th of 30,000 shares 6 per cent prior preferred at $107.50 a share in accordance with sinking fund provisions.

Dominion Stores. Ltd., sales for four weeks ended June 28. $1,827,028. decrease $91,955 from like period and six months $12,296,797, decrease $150,955. Railroad cascadings in United States for the week ended July 5 totaled 792.141 cars, decrease of 119.002 from like 1929 week and 58.806 below like 1928 week, states American Railway Association. North American Aviation first six | months earnings 47 cents a share on 2.100.030 shares against 58 cents a share on 2,000,000 shares in first half of 1929. Bankers’ acceptances decreased $77,375.633 in June to $1.304.831 222. which is $191,781,976 higher than June 30. 1929. Decline since Jan. 1 was about $427,000,000. Two receivers appointed for Clarence Saunders Stores. Inc., operating unit for 150 stores of Saunders groups appointed bv Federal Judge Anderson in Memphis. Term. Attorneys representing $500,000 notes opposed receivers stating it would jeopardize obligations. Bloomingoale Brothers declared regular Quarterly dividend of 1% per cent on preferred, payable AUg. 1, record July 19. Gasoline in storage deel ned 1.712.000 barrels for week ended July 12 to 47.792,000 barrels. Crude runs to stills average 2,511,000 barrels daily, an increase of 32,700 barrels daily. Crude oil production averaged 2.530,800 barrels daily, decrease of 50.700 barrels in week and 360,900 barrels less than vear ago. Net operating income of 172 class 1 railroad* in June was $69.1/3.723 against $lO3 577 559 in 1929. Five months net $307,659,543 against $457,017,244. jewel Tea extended period for deposit of all classes of stock of Van Camn Packing Company under merger plan until Aug. 1. Stockholders of Continental Trust Company and Maryland Trust Company ratified plan to combine with Drivers and Mechanics National bank in formation of New Maryland Trust Company. Initial payments for 1930-31 grain crop covering first payments on all grain delivered to poo's on July 16 and thereafter, are announced by General Selling Agency of the Canadian wheat pool as follows: Wheat. 70 e"nts a bushel on No. 1 northern Ft. William.: barlev 25 cents a bushel on No. 3 C. W.: oats 30 cents a bushel on No 2 C. W.: rve 30 cents a bushel on No. 2 C. W.; flax $1.25 a bushel on No. 1 C. W. New issue of $5,000,099 Tri-Utilities Corporation one-year 5 per cent gold notes dated June 15. offered bv G. Lohrstrom & Cos. Price on application. U S. Hoffman Machinery in June Quarter earned 34 cents a share against $1.02 a share in like 1929 period. Declares regular ouarterly dividend of 50 cents, payable Sept, 1. record Aug. 21. Munsingwear declared regular quarterly dividend of 75 cents. Electric Storage Battery declared regular quarterly dividends of $1.25 each on common and preferred. World copper output in June was 145.556 tons against 148.7C Q in May and 174.586 in June. 192a. according to American bureau of metal statistics. Domestic lead stocks. 55,501 tons on June 39. against 49.638 on May 31 and 42 015 April 30. according to American bureau of metal statistics. Domestic output of refined lead 50.720 short tons in June -"’'nst 52,818 in May and 58,380 in June, 1929. Pennsylvania Dixie Cement Corporation in twelve months ended June 30 earned $2.24 a share on 135.883 shares of 7 per cent preferred against 6 cents a share on 400,000 common shares in preceding year. GRAF ZEPPELIN HOPS Generals Nobile, Herrera Passengers on Spitzbergen Trip. H v T nitcrt Pre*B FRIEDRICHSHAFEN, Germany, July 16.—General Umberto Nobile, commander of the disastrous dirigible flight over the North Pole three years ago, was among the passengers aboard the Graf Zeppelin when it left at 7:12 a. m. today for a flight to Spitzbergen. Captain Lehmann was in command of the Graf, which will make a seventy-hour flight similar to its recent journey to the Scandinavian peninsula. General Emilio Herrera, Spanish dirigible expert, also was among the passengers, who numbered twentytwo in all.

CAMPBELL and COMPANY BONDS and STOCKS Trustee Standard Oil Shares 1418 I'letclier Trust Bldg. RI. 1891

Loser On The Stock Market? You can make investments in oil that may bring big returns. There is now great possibilities in the Oklahoma City Gusher field. Write me for details—you are to be the judge. C. C. JULIAN Cotton Exchange Building Oklahoma City. Okla.

RAIN REPORTS FROM CANADA LOWER GRAINS I Commission House Buying Fails to Stop Dip; Corn Off. Tu rreux CHICAGO, July 16-Reports of a i scattering of rains in Canada reached the board of trade during the latter part of the session and wheat fell to new lows for the day, closing sharply lower. Commission houses continued to buy on the way down, but failed to check the decline. Hedging pressure and some selling on a forecast for unsettled weather in the northwest served to check the early rise. Corn was firm but bulge checked by profit-taking. Oats were easy with the other grains.

At the close wheat was l's to l%c lower, corn was % to tac lower, and oats were % to %c lower. Provisions were firm. Maintaining its firmness, liverpool closed l’i to l%c higher. Exports so far this week have exceeded 3,000,000 bushels and more is believed to have been worked, but not reported. A considerable portion of this has been hard winters. The market was quite nervous during the morning. Cash prices were unchanged. Receipts were 267 cars. Corn was unevenly higher at midsession with considerable activity on the higher temperatures, continued dry weather and scant suppleis at Chicago. Receipts were not large, but the advance has brought more offerings from the country. The action of wheat had more influence early than in the last few days. Cash prices were V 2 cent higher. Receipts were 109 cars. Oats showed a small fractional gain in sympathy with the other grains at mid-mroning, but there was no news of importance and the trade was quiet. Cash prices were unchanged. Receipts were 23 cars. Chicago Grain Tabic —July 16WHEAT— Prev. Open. Hiqh. Lov. Close, close. Julv.. .89 .89 V* .87 u .87 ’i .88’s Sept.. .92 $4 .9214 .90% .90% .91’/* Dec... .98'* .984* .96% .96% .97% Mar... 1.02% 1.03% 1.01 U 1.01 U 1.02',* CORN— Jul V.. .82 .82% .80% .80% .81% Sept.. .79 .79% .77% .77% .78 Dec... .71% .72% .70% .70% .71% OATS— Julv.. .34% .34% .34 .34 .34% Sept.. .37 .37% .36% .36% .37 Dec... .40% .40% .39% .39% .40% RYE— July.. .49-% .49% .49% .49% .49% Sept.. .53% .53% .52 .52% .a2% Dec... .58% 58% .57% .57% .58 LARD - July.. 9.47 9.50 9.47 9.47 9.45 Sept.. 9.57 9.57 9.55 9.55 9.52 Oct... 9.57 9.62 9.57 9.57 9.50 Dec... 9.10 9.10 9.07 BELLIES— July 14.02 14.02 Septi. 13-05 13.05 Bv Times Special CHICAGO. July 16.—Carlots: Wheat. 235: corn. 85. and oats. 13. Bv United Press TOLEDO. Julv 16.—Grain close: Wheat— No. 2 red. 87®88c. Corn—No. 3 yellow, 86%®87%c. Oats—No. 2 white, 41@43c. Rve—No. 2. 75c. Barley—No. 2. 55c Clover—Domestic cash. $13.25: prime choice. $13.55: October. sl4; December. $14.25. Alsyke—Cash. $11.80: October. $12.10. Blitter—Raney, creamerv. 38® 39c. Ee<rs —Country run. i7@l9c. Hay—Timothy, $1.25 cwt. Building Permits William Low Rice, dwellinq and earafie. 4751 North Capitol, $6,000. John Roman, dwelling. 2418 West Sixteenth. $3,000. R. E. Willey. Inc., dwelling and garage. 514 East Sixtieth, SIO,OOO. Alice Lockhart, dwelling and garage. 5767 East Tenth. $5,200. \ Oscar M. Kaelin. remodel. 419 East Ohio, $lO 000. Advance Tire Company, station, 723 Russell. $2,500. G. C. Cloud, garage. 36 South Gladstone. S2OO. Mae. Seele. repairs. 1531 Prospect. S4OO. T. Cornwell, remodel. 5810 University. SBOO. Ed Gausepohl. remodel. 1541 Park. $2,000. M. Sedan, garage. 1060 Belle Vieu, $250. Sam Ernest, remodel, 3023 West Michigan. S2OO. C. Gibson, reroof, 537 Prospect, S7OO. G. L. Snragg. garage, 1121 West Eighteenth. S2OO.

IIsIVE / T AA £ N T / • FORMERLY ... 347 BANKERS TRUST BUILDING ... ANNOUNCE THE * * OPENING OF THEIR NEW OFFICES * • * p 4

Price Range

SECURITY PRICES - ■■■ |.^P|--L^--U-U. 90 l\ I- “ 111 I . fi 1h? J' J6MAMJJ ASONO JFMAM )

This diagram, prepared by Leonard P. Ayres, vice-president of the Cleveland Trust Company, and one of the nation's best-known business statisticians, shows how common stocks, preferred stocks and bonds have fared on the security market since Jan. 1, 1929. Prices on Jan. 1, 1929, are taken as 100. Colonel Ayres points out that the chief difference between the present depression and previous ones is that the fluctuations of common stocks have been far greater than those of bonds and preferred stocks. Usually, all three fare very much alike.

The City in Brief

THURSDAY EVENTS Indiana Trapshooters’ Association convention, Severin. Advertising Club of Indianapolis luncheon, Columbia Club. Indianapolis rnjfineerins: Society luncheon, Board of Trade. American Business Club luncheon, Columbia Club. Real Estate Board luncheon, Lincoln. Sigma Nu luncheon, Lincoln. Captain H. Weir Cook, vice-presi-dent of Curtiss-Wright Flying Service of Indiana, will address the Bible Investigation Club at the Y. M. C. A, auditorium at 6:20 tonight, on "The Young Man and Aviation; Coming Developments Not Yet Made Public; the Byrd Expedition and Its Significance.” Indianapolis Real Estate Board at its weekly luncheon Thursday will hear a report of the national convention of Real Estate Boards at Toronto recently. Reunion cf former residents of Daviess and Martin counties will be held in Garfield park Aug. 10. Luncheon at the Indianapolis Athletic Club Tuesday by H. G. Munro and H. C. Annable honored Elmer F. Gay, who recently was named head of the Indiana Masonic home, in Franklin. Articles of incorporation were filed with Otto G. Fifield, secretary of state, Tuesday by the B. & F. Shoe Company, Inc., which will establish retail shoe stores in Indiana cities. H. S. Medlock, president of the Federated Baptist churches of Indianapolis, will appoint a committee to study and advise in financial affairs of Baptist churches in the city, he said today. Mrs. Ada Greider, Richmond, reported to police Tuesday that she left Liberty bonds valued at SI,OOO in a bag in a downtown store Tuesday afternoon. Certificate of merit, for special efficiency, was awarded William L. Funkhuser of Indianapolis, member of Battery A at the C. M. T. C. at Camp Knox, Ky. Advertising Club of Indianapolis will hear Albert Gisler, secretarytreasurer of Kothe-Wells-Bauer, on “Our Independent Merchants,” at the weekly luncheon Thursday at the Columbia Club.

JULY 16, 1930

MABEL IS SURE PRESIDENT WILL MAKEU. S. DRY Mrs. Willebrandt Declares to Lion Clubs Hoover Can Enforce Law. B i T'niied Press DENVER, -uly 16. President Hoover “will win out” in his effort to enforce the eighteenth amendment, Mabel Walker W’illebrandt, former assis'int United States at-torney-general in charge of Volstead act prosecutions, predicted today. "I feel sure of his success since his appointment of the new director of prohibition, Amos Woodcock.’ Mrs Willebrandt. said. S.ie made r spirited defense of the President’s policies and his sixteen-month record in office in a speech prepared for delivery before the International Association of Lions Clubs. Purpose Inflexible “I know President Hoover,” Mrs. Willebrandt aeclared. "His meth-, ods are unspectacular; his purposes are inflexible. Asa result he is misunderstood. "He - can't perform; he is too busy. He avoids a fight as long as possible but when it comes as the only alternative, ‘he gives ’em hell.’ “During the past winter, the senate has taken the applause, and the President has had the boos. Yet with a perspective of the year, the net gains all go to the President. “His constructive achievements are bound to inn ease that confidence which is a big factor back of all business expansion, and exert a favorable influence on the prosperity curve. Won or Gained “He either has won or made substantial gains in almost every one of his original recommendations. This from a disorganized and politically fearful or skeptical congress.” Mrs. Willebrandt listed administration accomplishments as being a $100,000,000 tax reduction, merchant) marine expansion, aviation stabilization under the Waters bill; enactment of the tariff law, the unemployment census, acceleration of public building, midwest waterway appropriations, creation of the federal farm board, and restriction of “federal expenditures t,o the safe net sum that Mr. Coolidge achieved under his admirable policy of economy.” The crowning achievement, she declared, was the reorganization of prohibition enforcement under the attorney-general. THREE ESCAPE IN FIRE Father and Two Sons Flee From Second-Floor of Burning Home. Bv United Press ATWOOD, Ind., July 16.—Three persons narrowly escaped cremation early today when the residence of Charles Hite was destroyed by Are. A man and two boys wre trapped in the second floor of the home by the flames which had burned away the stairway. Clinton Hite, son of Charles Hite, threw his small son and a younger brother from a window and then jumped to safety. The loss is set at $3,000, partly covered by insurance. Fire Battled With Hanes Bv United Press ST. RAPHAEL, France, July 16. French airplanes were used today to direct the fight against a forest) fire, which, fanned by a strong mistral, was sweeping eastward across the country around here. Two hundred troops from Frejus were ordered here to aid the fire-fighting efforts.