Indianapolis Times, Volume 42, Number 59, Indianapolis, Marion County, 18 July 1930 — Page 19

JULY 18,-1930.

STOCK SHARES SELL DOWN IN QUIET TRADING Early Selling Stopped by Strong Support; List Grows Heavy.

Average Stock Prices

Arens* of thlrrt Industrie!* for Thunder was 2J9 OT. uo 3.44. Averejr* of twenty rell* wax 134 67. IP 45 Avere of %"?n‘V utilities we- A5. up 39. Arerese of forty bond* we* 95.54. up .01. fi. Unitrd Press NEW YORK, July 18.—Profittaking caused an easier tone on the Stock Exchange today despite further attempts to stir up bullish enthusiasm. Trading was quiet and selling was generally well-absorbed. Most of the higher-grade shares such as General Electric. United States Steel. Westinghouse Electric. American Can and American Telephone, met support. Radio Bought Reactionary tendencies were prevented from gaining headway by a resumption of pool activities In Radio, which ran up nearly 2 points on buying attributed to the Meehan interests. A few utilities such as Consolidated Gas and American and Foreign Power made good headway on the upside, while J. I. Case staged another characteristic runup with a gain of nearly 10 points. Some early selling was induced by the increase of $40,000,000 in brokerage loans in the last week as announced last night by the federal reserve board. Selling Advised A further cut in the export price of copper, while expected, had a dampening effect on sentiment, and many of the larger brokerage houses were advising the taking of profits pending further technical correction in the list. Notwithstanding the heaviness in many of the leaders and the adverse news developments, most of the pivotal shares met strong demand in the noon hour and little extension of the late morning losses was suffered by trading favorites.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis hank clearings FTiday July 18. $4,163,000; debits $9,072,000. CHICAGO STATEMENT Bu I nit til l‘re* _ , CHICAGO. July 18 Bank clearings, slll.lOO 000. balances. $19,100,000. NEW YORK STATEMENT Bu f nitrd I’rrat NEW YORK. July 18.—Bank clearings. $1,050,000,000; clearing house balance $175.000 000. Federal reserve bank credit balance. $142,009,000. TREASURY STATEMENT Bu t nilrrl I‘rt HjL WASHINGTON. July 18- The treasuiy net balance ot; July 16. was $211.679.818.59. Customs receipts for the month to that date were $12.188 521 96. Government expenditures for the same date were *7 914.701 43. BRITAIN, IRAQ SIGN PACT Treaty Pl* Iging War Aid Effective Wltu Entry in Lear e. Bu l.'nitrit I'rrst LONDON. July 18— Mutual aid in the event Great Britain or the kingdom of Iraq become involved in war was pledged in the treaty between the two countries under which Iraq obtained its complete independence on its admission into the League of Nations. The treaty, which replaces the treaty of alliance signed at Bagdad in 1922, was published by the British foreign office Thursday night. It will become effective when Iraq is admitted into the league, which probably will be in 1932, and will remain effective twenty-five years. Swimming Pool Locker Robbed Thieves who broke into his locker at Rhodius swimming pool Thursday night, took a watch valued at SSO and a small sum of money, Edward Side. 3048 West Tenth street, told police today.

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New York Stocks (By Thomson A McKinnon,

—July 13 prev. Rallraadv Low. ILSO. clow. Atchlion 23 225 225 * 234 Bolt A Ohio •• iBQ Jggi* Ch** A Ohio ..196% 189 * ‘Sj ChM* Corp .. . '_* j,v„ Chi Grt W 1 ..12-4 US a Del L & W • • * Del A- Hu<Jm. I3‘. Erie 44 * ’ ,**. Erie l*t pfd 83-, Oreat Northern 4 MK A 42S '4IS ’42i avWtf 1 !:-** { m ”, NY NH & H ...108% 107% 107% 108 , Norfolk A West. .. • ••,, -q* 'i*. * P(nr.sj:vani* .. 74 75 4 .TS Bo Pacific U 9 ÜB-4 U U* Sotithern Rv 98 ??> it pJu! iw.2s > ' Ur.lo L n P JuvT.7.222% 221 222S 234 s k Wabash *2, 87 , 2?, 4 S? 4 W Maryland... 26% 25S 28 n 25 • Weat Pacific Eqoipmeota— 49 tAm Car A Pdv .... If,’ Am Locomotive.. 45% 45 45 * Am steel Fd .... 39 4 39 39 38 Oen Am Tan*.. *6% • . 88 Oeneral Elec.... US .0* 71* ■ 4 Oen R? Signal Sf,* Lima Loco “ ’ 39 1 N Y Air Brake „ Press Stl Car -2 •* Pullman 2? 39u Weattneh Ar B . ■ J 9 J- * Westlngh Elec ..146 144 a 145 a 145 Rubbers— 3 v. Flak •• ••• *SO 28’a Ooodrtch -g, Goodyear ..... 67 M* 4 67 Kllv Rorgfld 4'. 4 4 * 5 ,, u B R Ru b bbe r r.:::: *•* '23-; '24-. 241. AubS‘rn r *“. 137-i 134V* 137 137% Chrysler 32 31 31 33 Gardner 2,. Graham Paige.. -■ • • 8 • General Motors. 45% 44 a 45 Hudson 35 •% 35 36'a 35 , Hupp , 16 £ s£r-"E:I- 'l* r E Packard 15va 14 1 I8 3 * BtudebakV 34% 3*;. 34*, 34j', Yellow Truck ..27 26 s a 26 s tu a Motor Arces*— Bendlx Aviation. 34’* 34 J 4 ... & w ‘ rner .::: ■> % • Eaton 26 S* El Storage B -i ns; E “® .!■: •* g-< apK.w"'".' :j, '* 13 IJJI Stewart Warner. .. . • * Tirnkln Roll ... 66'a 65% 65-,* 65 Mining— 33% is 2* *** 3$ Anaconda Cop:.: 50% *j% \f.;f Cal A Hecla 15*s 15 V* 15’* 15 4 Cal A Ariz Jg,? Freenort Texas . 46 1 a 45'a 46/a 4d<* Granbv Corn • . -i.-, •,;% Great Nor Ore.. Jl'i 21 s * 21 \ ti Howe Sound.... ** , , Int Nickel 25V* 24Va 25 25,a Insolrfttlon ....• - - **io7 ’•1051 39Va Kennecott Cop.. 39'a 38% 39H 39-a Magma Con 31% 31% 31% 31 Miami Copoer... • • • J 63/ Ta* C G.*l sui‘.: 57>; ill g ■ U S Smelt 18 ■ 18 4 Oil*— 25 *4 Am Republic 21 Atl Refining go Barnsdall ;5 t J Houston 8 85 86 - s JS,* Ind OH ~,•••• •it|, ’ill- 14*. Indian Refining 14 s * 14 a 14 a 14 a M*ex° 25 '24 s 24% 24% Pa'n-AmeV (Bk.- 59'4 '59% '59% 59'/. lachfMd u s 5 Roval Dutch 84 5* Sinclair 25% 25 25 go, a Stadnard of Cal 63% .j. 63% Texas CO 53% 53% 53a 53 a Union Oil 41'a 41Va 41% 41/a Am l ßolT - Mins... .. 59% 59% Bethlehem |4% 83% 3% ’ Byers AM 80 s . 79% <9% 9 a Colo Fuel 53/8 Cruc Steel 42,? Inland , xis, 31 Repub 1 1 as::' 47% 46% 47% 45% 5.&58.i*7 h HfAm Tob (Bt ---242% 242 242 241 Con Cigars .... 42 41 41 a ... General Cigar.. ■■■ * Lig A Mye-S 8.. 94% 94 Lorillard 21% 21% 21 A -la Reynolds Tob ..50% 00-* 50 a 50 a Tob Pr A 1 7, 4 Tob Pr 4>/ 4 a United Clg 4 Utilities— _ RS . Abitibl SS, 8 Adams Exp 27% 26% 27 a 27 * Am For Pwr .. 72% 70 2 .0 a rrTr* U .-22i 219’X 220 8 220 s * Col Gas A E 1... 66% 65% 66% 66 Com A Sou .... 14% 14% 14* 14% El Pwr ALI 73% <2% 73 a 3 i c-p n CiM.% A 10*2 Inti TAT 49% 47% 49% 47% Natl Pwr A Li.. 44% 44% 44% 44% No Amer Cos ‘22!. 4 9 2, } 4 Pac Gas A E 1... 60% 58% 60% 59-a Pub Ser N J 99 s * 98% 99% 98 s * So Cal Edison... .. ••• W -rr. Std C, A El.. .. 9n% 94 s * 96% 93% United Corp .... 34% 33 34 34 * Ut Pwr ALA .. 34 34 34 * 34 a West Union 168 a 170 Ai5 l iSfi n K’rp... 36% 35 s i 35% 35% Inti Mer M old. 23% 23 -3 22 * United Fruit ... 92 91% 91% 91 Foods— ... Armour A s*s 5 y ® 5 * Berchnut Pksc 5* •- Can Dry 67‘ 66 s JjJ 6 ‘ Childs to ,55 ... Cent- Baking A. .. 25_* 25 a Corn Prod .... 97% 96'a 9i a Cudahy 41 4 Cuban Am Sug. .. ... 8 8 Gen Foods 55% 55 % 55% 56 Grand Union . * 8 * Hershev Kroer Te *..:::: '37% -26 n 4 2 ? 8 Nat Biscuit .... 87% 87% 81% BijPtllsburv v:,, 34 34% Safeway St 78% 75% 75% 7% Std Brands... 21% 20 21% -1

Co?v*fnc” ... 30% 20% Lambert Cos .... 90 s 4 89% 90% £O% Lehn A Fink 30 Industrials— .... . Am Radiator .. 36% 36% 26% 26 * Bush Term 35 34% Certainteed 10 1£ Gen Asphalt . 47 Otis Kiev 65 s * 65 65% 65% Indo* Chems— Allied Cbem ....271 270 271 370 Com Bolv 25 s , 25% 25% 35% Union Carb 74% 72% 74% 73% U S Ind Alco 78% 79 Retail Store*— Assoc Drv Gds 34% 35% Gimbel Bros ...... ... ... 13 Kresge 8 8 28 % 28% 28V* kd% Mav D Store ... ... 47 Mont Ward 37% 36% 37% 37% Penny J C 59 58 5 ... Schulte Ret St •••., „ 6 .* Sears Roe 69% 69% 69% £B;* Woolworth 59 s < 58% 59% 58% Amusements— Col Graph 20H 17% 19% 18 Eastman Kod ..216% 216 216% 216 Fox Film A 47% 46% 47V* 47% Grigsbv Gru 15% 14% 15% 14% Loews Inc , ... , <f% Param Fam 62 61% 61% 61‘a Radio Corp 42% 40 s * 42% 41% R-K-O 34% 34 34% 34% Schubert ~ ..... ..... If Warner 8r05.... 44% 44 s * 44% 45 Minrellaneouw— Airwav App 18% 18% City Ice AFu .. 41 40 a 41 ... Ccngoleum 13'* 12% 13% 13V4 Am Can 130 J a 129% 129% 131 Cent, Can 62 61% 63 63 Curtiss Wr 7% , s * 7% 7 4 Gillette S R 77% 76 77 77V, Real Bilk 41 *4 41 41 41

In the Stock Market

(Bv Thomson A McKinnon) NEW YORK, July 18—Obviously a moderate increase in brokers’ loans was to be expected. In our opinion we have doubtlessly seen the minimum figure of broker borrowings for some time. Moreover, believe we have about reached the extreme low point in interest rates as well. Already there is to be noted a hardening in time money. This does not necessarily mean that any immediate advance in rediscount rates is to be anticipated, but the subnormal commercial rates seem to have struck rock bottom. Rising loans and firming money under present conditions we should accept as bullish factors. Undoubtedly the advance in certain sections of the market has been a little too rapid. It is equally true, however, that the major portion of the list has made comparatively small progress and we are of the opinion that there will be intermittent shifting of interest to such issues which appear to be behind the market.

Indianapolis Stocks

- —July 18— Bid. Ark Mner Central Life ’ns C 0.... 1,000 •Belt RR & Yds Cos c0m...... 59% 83 “Belt R R & S Yds Cos pfd... 56 61 Bobbs-Merrill Cos 30 33% Central Ind Power Cos pfd.... 89% 94 •Circle Theater Cos com 1 25 1/i ••• Citizens Gas 27 ... Citizens Gas pfd 97 101 Commonwealth L Cos pfd 7% .. 98 103 •Commonwealth L Cos pf 8 %. 99 ••• •Hook Drug Cos com new 23 25% Ind Hotel Cos Claypool com.. 125 ... Indiana Hotel Cos pref 100 104 Indiana Service Corp ores 86 ... •Indianapolis Gas Cos common. 57 61 Indpls North Western.... • • ... •Indpls Power & Lt pfd 103 104% Indpls Pub Wev Loan As com 53 ... Indpls St Rv Cos pfd 8 t® ,,a Indpls Water Cos pfd..........101 103 •Interstate USCopr6% LDf 88% 93 Interstate Pub Serv 7% 102 104% •Northern Ind Pub 7% co pfd.lo6 ... Metro Loan Cos ...99 •Northern Ind P s%'> co pfd. 92 98 •Northern Ind Pub 6% co pfd 99% 101 •Progress Laundry Cos c0m,... 44 47 S Rauh & Sons Per Cos pfd... .. Real Silk Hosiery M Inc pfd.. 86 Shareholders Investors Cos. ... 23 Standard 10l Cos of Ind 51 ... T H I & E pfd 8 11 Terre Haute Trac L Cos ptd... 79 Union Title Cos common .... 40 ... Van Camp Prod Cos Ist pfd. .. 98 Van Camp Prod Cos 2nd pfd. .. 98 •Ex-Dividend —Bonds— Belt R R & Stock Cos 5s 91 Broad Ripple .. 41 ... Central Indiana Gas Cos 55.... 99J4 ... Central Ind Power Cos 6s 98% ... Citizens Gas Cos 5s 100 .. Citiznes Street Railroad 55... 42 43% Garv St Ry Ist 5s 65 Home T & T of .<’t Wayne 651101% ... Ind Northern Trac Cos 2% 8 Ind Ry & Light Cos 6s 95 Indiana Service Corpn 5s .... 88 ... Indpls Power & Light Cos 5s 100% 101 Indiana Union Trac Cos ss. 7 ... Indpls Col & Trac Cos 6s 92% ... Indianapolis Gas Cos ss. .100 Indpls & Mart Rapid T Cos 5s 6 Indpls No Trac Cos 5s 12 15% Indpls North Western C 0.... .. .... Indpls Street Rv 4s 29 30% Indpls Trac Ter Cos 5s 81% 84% indpls Union Ry 6s 100% ... Indpls Water Cos 5%s ...103% ... Indpls Water Cc 5s 98% ... Indpls Water Cos lie & ref.... 98% .. Indpls Water 4%s 94 95% Indpls Water W Sec Cos 5s 88% ... Iterstate Pub Serv Cos 4%s ... 91% ... Interstate Pub Ser Oo 6s #8 Interstate Pub Serv 6%s JO3 No Ind Pub Serv Cos 5s .. 101% .. No Ind Telephone Cos 6s 98% 100 T H Ind & East Trac Cos 55... 67 T H Trac Light 7 0 5s 70 Union Trac of Ind Cos 6s 24% ... NEW YORK COFFEE RANGE —July 17— High. Low. Close. March 6.22 5.97 6.20 Mav 6.12 6.05 6.08 July 6.75 6.70 6.75 September 6.77 6.66 6.72 December 6.40 6.15 6.38

THE INDIANAPOLIS TIMES

SWINE MARKET SHOWS GAINS AT CITYYARDS Slow Week-End Trade Held in Cattle; Veals Sell $1 Lower. July Bulk Top Receipts. 11. [email protected] *10.90 5 500 12. 9.70'a10.00 10.00 3.000 14. 9.40 9 9.75 9.75 8.500 15. 9.50f/9.75 9.75 5.000 16. 9.50ft9.7S 9.85 6.000 17. 9.6059.85 9.85 4.000 18. 9.70610.00 10.00 7,000 Strength aeain forced hogs up at the city stockyards, prices for the most part ranging from 10 to 15 cents over Thursday’s average. The bulk, 160 to 275 pounds, sold for $9.70 to $lO. Top price $lO. Receipts were estimated at 7,000, holdovers were ’BB. Cattle were slow and unchanged. Receipts were 500. Vealers sold off sl, selling at sll down. Calf receipts were 700. Sheep and lambs were about steady, generally $lO to $10.50. A few small lots made the market at $10.75. Receipts were 1,300. Chicago hog receipts were 12,000, including 4,000 direct. Holdovers were 6,000. Most early bids and sales on good to choice lightweights and butchers around 25 cents higher; 170 to 190 pounds, $9.90 to $10; nothing done on packing sows. Cattle receipts were 1,600, sheep 10,000. HOGS Receipts, 7,000; market, higher. —Light Lights—--1140-160) Good and choice... .$9.65® 9.75 —Light Weights—-(l6o-180) Good and choice... 10.00 (180-200) Good and choice .... 10.00 —Medium Weights—-(2oo-220) Good and choice.... 9.80®10.00 (220-500) Good and choice.... 9.70® 9.90 —Heavy Weights—-(2so-290) Good and choice.... 8.85® 9.25 (290-350) Good and choice.... 8.85® 9.25 —Packing Sows—-(27s-500) Medium and g00d.... 7.50® 8.25—Slaughter Pigs—-(loo-130) Good and choice ... 9.25@ 9.50 CATTLE (Slaughter Classes) Receipts. 500; market, steady. —Steers—• (600-1100) Good and choice $9.50®11.25 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 00®10.75 Common and medium 6.00® 9.00 —Cows— Good and choice 6.50® 8.00 Common and medium 5.00® 6.50 Low cutter and cutters 2.50® 5.00 —Bulls (Yearlings excluded) — Good and choice (beef) 6.25® 7.50 Cutter, common and medium... 4.00® 6.25 CALVES and VEALERS Receipts, 700; market, steady. Vealers (Milk Fed) Good and choice $10.50® 11.00 Medium 7.50® 10.50 Cull and common 5.00® 7.50 Calves (250-500) Good and choice 7.50® 9.50 Common and medium 5.00® 7.50 STOCKER AND FEEDER STEERS (500-600) Good and choice $ 6.50® 8.00 Common and medium 4.50® 6.50 (800-1050) „ Good and choice 6.50® 8.00 Common and medium 5.00® 6.50 SHEEP AND LAMBS Receipts, 1,300; market, steady. —Lambs™— Good and choice [email protected] Common and medium 6.50610.00 —Ewes— Medium and choice 2.50® 3.50 Cull and common I.oo® 2.50

Other Livestock Bu United Prtss CHICAGO. July 18.—Hogs—Receipts. 12,000. including 4.000; early trade to shippers active. 15i25c higher; bulk desirable lightweights. J9.80W10: top. $10: little doing on other weights: latter bids about steady; light lights. 140-160 lbs., good and choice. s9.sofb 9.90; lightweight. 160-200 lbs., good and choice. $9.75i&10: medium weights. 200-250 lbs., good and choice. $9.25 @9.90; heavyweights. 250-350 lbs., good and choice. [email protected]; packing sows. 275@500 lbs., medium and good. *[email protected]; slaughter pigs. 100-130 lbs., good and choice. [email protected]. Cattle—Receipts. 1.000; trade very slow and uneven: steady to 25e lower on common and medium grassers and short-led steers and all fat she-stock; steers. 600-900 lbs., good and choice. $9.25 (fill: 90 r ' 1.100 lbs., good and choice. $8.75 @11: 1.100-1.300 lbs., good and choice. $8.7545:11; 1.300-1.500 lbs., good and choice. $8.50® 11: 600-1.300 lbs., common and medium. [email protected]: heifers. 550-850 lbs., good and choice. s9@ll; common and medium. $5.25@8: cows, good and choice. $5.50(68: common and medium. [email protected]: low cutter and cutter cows. [email protected]; bulls, yearlings excluded, good and choice, beef. $6.75fi8; cutter to medium, $5.5045 7; vealers. milk fed. good and choice, sll @ 12.25: medium. slo® 11: cull and common. $645 10: steers. 500-1.050 lbs., good and choice. [email protected]: common and medium, [email protected]. Sheep—Receipts. 10,000; slow, native lambs mostly 25c off: best westerns held steady around $10.75: sorted fat natives $10: few $10.25; fat ewes steady: mostly $3®3.75: lambs 90 lbs. down, good and choice, [email protected]; medium. :>8.254? 9.75: atl weights, common. [email protected]: ewes, 90-150 lbs., medium to choice. $2.25 if; 4; all weights, cull and common. sl@ 2.25: feeding lambs. 50-75 lbs., good and choice. s7® 7.85. B v In it id Press CINCINNATI. July 18.—Hogs—Receipts. 1.900; heldover. 120: unevenly steady to 15c higher: slow at advance; better grade 160-260 !bs.. $9.75® 10.15; latter price paid for a few loads; 170-200-lb. weights, desirable 120-150 lbs., mostly $9.50; few upward from 150 lbs., reaching $9.75; sows. $7.50(5 7.75. Cattle —Receipts. 400; calves. 300: grass steers and heifers about steady: few sales. [email protected]: one load grain on grass yearlings 900. cow trade very unreliable: many bids 50c lower; few sales beef cows. $4.75453; about 25c lower; low cutters and cutter cows. $2.75(5 4: bulls steady to 25c or more lower on in-between grades; bulk. $5®>6.25; vealers slow, mosuy 50c. lower; good and choice grades. s9@ 10.50: lower grades and grassy calves on a catchy basis at $645,8.50. Sheep—Receipts. 1.500:' lambs steady to weak; spots 50c lower: sheep unchanged; good and choice lambs mostly *10: some up to *10.50: common throwouts largely $5,504(6.50; some medium and buck lambs. s7@B: fat ewes largely s2@3; choice handy weights up to *3.50. Bu United Pros TOLEDO. July 18.—Hogs—Receipts 250; market, heavies, steady to 10c higher: heavies, $8.25(58.50; mediums. 9.65(59.85; porkers. $9.25(5 9.50; pigs, s9® 9-50. Cattle —Receipts, light; market, steady; calves, receipts, light: market, steady. Sheep— Receipts, light; market, steady. R i United Press CLEVELAND. July 18—Hogs—Receipts 750;’ holdovers. 178: medium and light hogs, 160-210 ’bs. active, 25c higher; mostly *10.25: heavier butchers, slow; outlet narrow; pigs 25c higher at *10; sows, *7.75; stags, *5.70. Cattle—Receipts. 100; steers and yearlings continue slow, scattered sales: common grade reflecting the week's decline at $5.2545 7.15; she stock and bulls, steady; beef cows. *s@6; all cutters, *3®. 4.25: medium bulls, $5(5 6 50; calves, receipts. 250: early sales steady; few good ana choice vealers, $12.50(513; odd lots up to $13.50; :ommon and medium grades, slow; parctically unsalable. Sheep—Receipts. 300: lambs. 50c off; sheep, steady: good and choice lambs, $9.50@10: throwouts mostly *7; fat ewes, $2.5033.50; choice ewes quoted up to $4. Bu Times Svecial LOUISVILLE. July 18.—Hogs—Receipts. 500; market. 15c higher; 225 lbs. up. *9.20; 165-225 lbs.. *9.80; 130-165 lbs.. *9: 130 lbs. down. $7.30; roughs. *6.80: stags. $6.20. Cattle— Receipts. 100: market, dull and lower: prime heavy steers. $839.50: heavy shipping steers. *738: medium and plain steers .s6®7: fat heifers. 15® 8.50: good to choice cows. s4@6; medium to good cows. $3.25: cutters. *3113.25: canners, $2 (5 2.75: bulls. [email protected]; feeders, *[email protected]; stockers. $53 6. Calves—Receipts. 400: market. *1 lower: choice. *8.50® 9: medium to good. $7.603 8.50: common to medium. $537. Sheep—Receipt*. 1.500: market. 25c lower on tops :others, steady: ewes and wether lamus. $9: buck lambs. "*8: seconds, $4 34.50: clipped lambs. $2.50® 3.50. Friday's shipments: Cattle. 36; calves, 259; hogs, none; sheep. 1.736. Bu United Press FT. WAYNE. Ind.. Julv 18—Hogv Market. 104120 c higher; 90-120 lbs.. 89; 120-140 lbs.. *9.30; liO-lbO ios. *9 l-o 180 lbs.. *9.75: 180-200 lbs.. *9.85; 200-225 lbs.. *9.70: 225-250 lbs.. *9.45; 250-275 lbs.. *9.85: 275-350 lbs.. *8.90; roughs. *7.25; stags. $5.50; calves. $11.50: lambs. *9.50.

Local Wagon Wheat

cut rrlin elevators are paying: 74c for No. 17 red wheat and 71c for No. 1 hard wheat. Charges Wife Uses Snuff Hu Tutted Pres* NEW PHILADELPHIA. 0., July 18.—Prank Zion’s answer to the divorce suit of his wife Lucy was on lie today. When he married Lucy, anlc says, he didn’t know she h ?wed and used snuff.

BELIEVE ITORNOT

M ___ ® IWO. King r*nw BsHfca*. tie. Great BHOIa rfrw. rmrA 7Ht LIVES in a RI’DWOOD Tree M*rDyen/ilte,&t.

Following is the explanation of Ripley’s “Believe It or Not,” which appeared in Thursday’s Times: Mrs. Jane Howard Booth did not take a drink of water in eightyfour years—Though Mrs. Booth lived to be more than 100 years lod, during the last eighty-four years of her life she did not take a drink of water. At the time she was but 16 years old s.ie swallowed a bug

Produce Markets

Eggs (Country Rum—Loss off deliverd in Indianapolis. 16c; henery Quality. No. 1. 20c: No. 2. 13c. Poultry (buying prices—Hens, weighing 4% lbs. or over. 17c; under 4% lbs., 17c: Leghorn hens. 14c: springers. 2% lbs. ci over 21c; under 2% lbs.. 18c; Leghorn springers. 14c; old cocks. 9®loc: ducks, full feathered, fat whites. 9c: geese. 6c. iSiese prices are for No. 1 top duality auoted bv Klnßan & Cos. „ Buter (wholesale) —No. 1. 38@39c: No. 2 36® 37c. Butterfat—32c. Cheese (wholesale selling price per pound)—American loaf. 31c; pimento loaf. 32c: Wisconsin firsts. 27c: Lognhorns. 34c: New York Limberger. S6c. Bit United Press NEW YORK. July 18.—Flour—Quiet and unchanged: spring patents. $5.20 ®0.50. Pork—Steady; mess. $31.50. Lard—Firmer; middle west spot, $10.05® 10.15. Tallow — Firm: special to evtra, s%(ii 5%c. Potatoes -—Quiet and steady; Long Island. $3®3.25; Southern. $2.50®3.50 barrel: Jersey. $2.50 @2.75 basket. Sweet potatoes—Easier; Southern. baskets. [email protected]; Jersey, basket, [email protected]. Dressed poultry—Firm; turkeys. 20@24c; chickens, 17'a 35c: fowls. 14®28c; ducks, 12® 15c: ducks. Long Island. 13@18c. Live poultry—Steady to firmer; geese. 10@12c; ducks. 12@23c: fowls. 20@28c: turkeys. 20®25c: roosters. 1547 16c: broilers. 154735 c. Cheese—Dull; state whole milk, fancy to special. 25@26c; young America. 17%®25c.

The City in Brief

Christian Men Builders’ class of the Third Christian church will hold its annual picnic Saturday afternoon at 2 in Broad Ripple park. Earl Robinson is chairman of the arrangements committee. Five hundred are expected to attend. Former residents of Fortville and vicinity, who now reside in Indianapolis, will hold a reunion in Brookside park at 3 Sunday. Talks, readings, music and a basket lunch are on the program. Officers of the association are: W. A. Myers, president; C. M. Kennedy, vice-presi-dent; Mrs. Carl Wiley, secretarytreasurer, and Mrs. Nellie Warren, assistant secretary-treasurer. Midsummer meeting of Marion county chapter, Rainbow War Veterans’ Association, will be held at 5:30 today at the Maxwell cottage on the Millersviile road, one mile northeast of Keystone avenue. An award in a nation-wide window display contest conducted by the Glass Container Association of America was made to the United Market Company, 22 South Illinois street. Awards to 272 boys, the largest number ever given, were made by a Boy Scout court of honor preceding a pageant, “Clark and the Indians,’’ at the scout reservation, two miles north of Lawrence, on Fall creek, Thursday night., INJURED IN AUTO CRASH Times Circulation Employe's Car Overturned in Collision. Ralph Robertson, 32, R. R. 16, Box 340, employe in the circulation department of The Times, was injured, perhaps seriously, in an auto collision at Sixteenth and Bellefontaine streets today. Robertson's car was overturned in a collision with an auto driven by Walter Gwin, 50, R. R. 18, Box 3LO. His back was injured, but he refused to go to a hospital. Police sent him to his home. 126,600 VISIT VATICAN 500 Pilgrimages in Attendance at Pope’s Sacerdotal Jubilee. Bu United Press VATICAN CITY, July 18.— More than 500 organized pilgrimages, including 126,600 pilgrims, visited Vatican City during the celebration of the sacerdotal jubilee of Pope Pius XI, figures made public by the jubilee central committee revealed today. The figures did not include separate pilgrimages, most of which were made by clergymen and members Os religiOUS myrnimltiM.

On request, sent with stamped addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.

while drinking from a spring, and bscame very ill. After that time she used only tea and light beverages for drinking purposes. Many citizens of her home town, Hammond, Ind., verfy this statement. The 106-year-old duck—This duck was given to W. H. Allen of Erie, 111., fort/-six years ago by William Booth, whose family received it

Dow-Jones Summary

Associates Investment Company first six months net $4.79 a share against $4.56 a share in like 1929 period. Detroit Steel Products six months ended June 30. net loss $145,828 after charges against net profit of $2.18 a common share in first half of 1929. Auburn June shipments 1.116 Auburn Cord and Saf-T-Cabs units against 1.800 In May and 3,144 in June, 1929. General Foods estimates first six months net of approximately $2 a share the same as shown in first half of 1929. Great Northern and Northern Pacific stock deposited under merger agreement may be withdrawn deposit committee rules in view of inevitable delay, but holders advised against withdrawal. Ajax Rubber Company to move $3,000.000 Racine Wisconsin Plant to Charlotte. N. C. General Motors June sales to consumers 97.318 cars against 131.817 in May and 154.437 in June, 1929. Six months 657.829 against 847.751. June deliveries to dealers 97.440 against 147.483 in May and 200,754 in June. 1929. Six months 764.219 against 1.171.868. Standard Oi! of California will refuse to sell its products to dealers who engage In price-cutting. President Paul Von Hindenburg has dissolved the German Reichstag. Transamerica Corporation applies to list 24.848.789 of its $25 par shares on New York Stock Exchange. Union Trust Company of Baltimore stockholders to vote July 28. on merger with Farmers and Merchants National Bank which already has been approved by latter's holders. Knoxville Power and Light Company de ; dared regular quarterly dividends of *1.70 on $7 preferred and $1.50 on *6 preferred payable Aug. 1. record July 19. Average volume of federal reserve bank credit outstanding in week ended July 16. was $1,014,000,000. decrease of *61.000,000 from preceding week and $399,000,000 below like 1929 week. Discounted bills off $29,000,000 during week. S- S. Kresge Company in June quarter earned 70 cents a common share against 69 cents a share in June quarter last vear. Six month. $1.19 a common share against $1.26 a share. Briggs Manufacturing Company in June quarter earned $1.38 a share against 51 cents a share a year ago. Six months. $1.75 a share against $1.21 a share. Company to form a British sub Briggs Body, Ltd. Fidelitv-Phenix Fire Insurance Company total assets $83,780,298 July 1, last against $78,946,592 year nreviously. Richmond Reserve bank reduced rediscount rate to 3'/ 2 per cent from 4 per cent. Brokers’ loans increased $40,000,000 in week to $3,243,000,000, federal reserve ratio at 82 per cent against 81.7 per cent week ago and 73.8 per cent year ago. New York ratio at 85.2 per cent against 82.1 per cent and 66.5 per cent, respectively. No announcement on rediscount rate which is 2'A per cent. LONDON—New York cables opened at 4.86 15-32 against Thursday’s close of 4 86 7-16. Paris checks 123,58: Abbsterdara 12.086. Italy 92.875. . Alleghany Corporation six months ended June 30. net income $2,227,266 after expenses interest, etc. June 30 quarter net nicome was $1,160,785 against $1,156,481 in same period ended March 31. Landrcth Production Company sells half interest in its Hobbs Pool New Mexico properties to Warner-Quinlan subsidiary Texas-Unitv Oil Companv for $1,350,000. half to be paid in cash and half In oil. Guaranty Trust Company to shin $4,000.000 gold to France on 8. S. Paris tonight. Shawmut Association reports net profit after expenses charges, taxes and participation payment in first half $323,456. June wholesale prices 2.3 per cent lower than May and 9.8 per cent under June. 1929. bureau of labor statistics reports purchasing power of dollar $1.15 against *1.73 year ago. American European Securities Company declared regular Quarterly dividend oi *1.50 on preferred payable Aug. 15. record July 31. General Empire Corporation declared initial dividend of 25 cents. EGYPT RIOTS RENEWED Outbreak Quelled at Once, However, as Cops Arrest Leaders. [ Bu United Press CAIRO. July 18.—Egypt was quiet ! today after a brief outbreak at | Alexandria Thusrday night which ; was handled without difficulty. Hie outbreak, apparently related to the bloody riots which affected all parts of Alexandra simultaneously Tuesday, lasted only a short while before police succeeded in quelling the disturbers and arresting; t-h* tfF-deiTi

1-C-RT Patent Office U Registered D. S. RIPLEY

from th Emmons family of Illinois. At the time Booth gave the duck to the Booth and Emmons family for Allen, it had b*ep U property of sixty years. An account of this unusually long-lived fowl is contained in the Fries Independent, published in Erie, 111. Saturday— The Largest Melon.

New York Bank Stocks

—July 17Bid. Ask. America 97 99 Bank of United States 433 444'/ 3 Bankers 147 148 Central Hanover 363 368 Chase National 141 142 Chatham Phoenix National 106 108 Chemical 71'4 72 City National 140',s 141</a Corn Exchange 165 16'7 Commercial 420 430 Empire 83 85 First National 4,925 4,975 Guaranty 638 642 Irving 52 52',j Manhattan <te Cos 11l 112 Mnaufaccurers 99', 2 101 New York Trust 252 255 Building Permits Floyd Miles, garage. 1245 Congress. $220. J. W. Pullen, repairs. 2010 West Michigan. *9OO. Anna B'ythe. garage. 2036 Singleton. $250. Michael Finn, building, Missouri and Empire. SIO,OOO. Charles Catelier. reroof. 2202 Station. $250. W. J. Allman, dwelling. 923 North Bancroft. $7,000. William H. Clark, repairs. 1009 East Pratt. $230. M. L. Crawford, garage. 923 Tecumseh, $250. James Brocum. dwelling. 1062 North Berwick. SI,OOO. Charles Gorman, remodel. Meridian and Wilkins. S9OO. C. L. Lambert, fire loss. 1145 Tecumseh, $1,500. Delaware Motor Inn, garage, 214 North Delaware. $16,000. Harry Baker, reroof, 2323 Paris. SSOO. MONEY to LOAN ■ on— MORTGAGES STATE LIFE Insurance Cos. 1235 State Life Bldg.

1 Central Ind. Power w *“ n >* Preferred TOCd OCll 415 LEMCKE BLDG.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New Tork Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New York Curb Association Rooms 200*214 Circle Tower Telephone Lincoln 5501

Solve Your Vacation Problem With a Great Lakes Cruise Just the proper proportions of changing scenery and refreshing rest makes a Great Lakes cruise the perfect vacation. In addition to Lakes Michigan, Huron and Erie, such interesting bodies of water as Georgian bay, Parry sound and St. Clair river and lake are traversed. Leaving Chicago, there are stops at Mackinac Island, Detroit, Cleveland and finally Buffalo, where the climax of the voyage, Niagara Falls, may be visited. Interest? Yes! And nothing Is more restful, more exhilarating, than the Great Lakes breezes. Surely the perfect vacation. For complete details communicate with Richard A, Kurtz, Manager Travel Bureau The Leading Travel Bureau of Indianapolis SUNION TRUSTS

PAGE 19

CORN FUTURES ' SHARPLY UP ON WEATHER NEWS Wheat Closes Higher Despite Hedging Pressure; Oats Show Gain. Bu T’nitrtf Prr*B CHICAGO. July 18.—Wheat closed sharply higher on the Board of Trade today despite heavy hedging pressue and profit-taking sales. Tho undertone was firm and the seaboard was a good buyer. Confirmation of rust in parts of Canada was received, adding to the already very bullish report* from that country. Dry weather stiil prevails over the spring wheat sections of the American northwest with no relief irl sight. Com failed to hold the best prices but was sharply higher. Oats were firm. Liverpool Up At the close wheat was l 3 * to 1 ■%’ cents higher, com was 1% to 2 % cents higher and oats were 'i to 1 cent higher. Provisions were weak: on meats but strong on lard. Advancing as the session drew to a close, Liverpool was •"% to % cent higher at the last. Exporters report that considerable quantities were taken overnight, but no figures were available, the market was not very active early as traders were nervous and cautious expecting a break in the heat wave that the forecast would not promise. Cash prices were ’i to 1 cent lower. Receipts were 605 cars. Corn Is Bought General buying of corn at the start sent prices nearly 2 cents higher and while there was not much profit-taking, the market steadied at slightly over a cent up at mid-session. Traders saw no easing in the situation while the hot weather lasts and temperatures were quite high with the weather clear. At Phillipsburgh, Kan.. Thursday the reading was 110 degrees. The pastures weer burned up and there is a shortage of water. Cash prices were cent higher. Receipts were 124 cars. Oats partook of the advance in the major cereals to the extent of % to % cent, but there was nob much action early, traders devoting most of their attention to corn. Cash prices were unchanged. Receipts were twenty-four cars. Chicago Grain Table —.July 18. —■ WHEAT— Prev. Open. Hißh. Low. Close, close. July.. .87% .82% .87% .88% .87 Sept.. .90 s . .92 .90% .91% .90'% Dec... .96% .97% .96% .97% .96% Mar.. 1.01% 1.02% 1.01 1.02% 1.01 CORN July.. .82 .32% .81% .82% .80% Sept.. .78 .79% .77% .18% .77% Dec... .71 .73 .71 .72% .70% Juiv ATS A4% .34% .34% .34% .34% Sept.. .35% .37 .36**. .3? .36% Dec..! .39% .40% .39Yi .40% ,39‘£ RYE— July.. .51’/* .54% .51% .54% .49% Sept.. .55 .57 s * ,53\ .57% .52% Dec... .60 .63% .59% .63% .58% Mar.. .6514 .681* .65% .68% .63% Juhf. Rl> 7. 9.70 9.62 Sept.. 9.70 9.77 9.70 9.75 9.65 Oct . 9.75 977 9.75 9.77 9.70 Dec.. 9.25 9.30 9.25 9.30 9.15 BELLIES— Tulv 130 13.60 Sept. - . 12.70 12.90 Bu Timm Svecinl CHICAGO. July 18—Carlots: Wheat, 309; corn. 156. and oats. 39.

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