Indianapolis Times, Volume 42, Number 64, Indianapolis, Marion County, 24 July 1930 — Page 12

PAGE 12

STOCK TRADING VOLUME FALLS TO LOW LEVEL Price Movements Narrow as Bears Press Selling; Steel Firm.

Average Stock Prices

Averaae of thirty Industrie* for Wednesday cat 233-33, up 5 03. Average of twenty rails was 13* 58. up .68 Average of twenty utllltlea was 88.8*. up 1.68. Average of forty bonds was 95.72. up .13. Bu United Press NEW YORK. July 24—Stock market trading today was governed almost entirely by professional activity in a few of the favorite shares. Trading volume dwindled to around the lowest levels this year. Price movements were narrow with bear operators gaining a slight advantage. Toward noon, however, a better tone developed and many of the early losses were recovered simultaneously with the appearance of special buying in individual shares. With the exception of an unsettling break of 4to 5‘A points in the Safeway Stores issues, there was no feature to the trading. Vanadium Moves Up Vanadium recovered an early point loss and similar comebacks were scored by leaders such as Radio, United States Steel, American Telephone and Westinghouse Electric. Changes on both sides of the market were generally limited to fractions. General Motors and American Can, which were leaders Wednesday. continued to meet buying at new highs on the current recovery. Du Pont reflected strength in General Motors, while pool activities were resumed in Commercial Solvents. . . Motors Unaffected General Motors was little affected by overnight publication of its earning statement for the second quarter of the year, showing a sharp falling off from profits in the same period of last year. While moderate buying went ahead in many individual stocks, there was no inclination on the part of traders to bid up stocks in the manner they did in early dealings Wednesday. Failure of the market to break definitely into new high ground at that time through the appearance of selling in the late dealings caused bull leaders to go slow pending competition of the current selling.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis ban* clearings July 24, acre $2.902,000: debits, $6,155,000. CHICAGO STATEMENT * CHICAGO. rs July 24--Bank clearings, $94,000,000; balances. $8,800,000. NEW YORK STATEMENT NEW ( YORK. July .24— Bank clearings, *1,105.000.000; clearing house balance *152.000.000: federal reserve bank credit balance, *125,000,000 TREASURY STATEMENT B WASHINGTON. July 24.~The treasury n#*t balance on July 22, *as $204.3 <2,019 16. expenditures on that day were, $1,931,620 82: customs receipt* for the month to that date were. *17,48.517.64.

Net Changes

YORK, July 23.— Closing prices and net changes of principal stocks traded on the New York Stock Exchange today are as follows: up. £2s?™ ££?Tei::::::::::::: 2??% ig Atlantic Refining 36 • * Bethlehem Steel 22 * 5 Consolidated Gas Hli* t 8 General Eledtrlc ]2% 1 General Motors 12 s 4 International Tel and Tel 47 > * Packard £g* :::::::::::::::: % 1?. Standard Oii of N J ij* B Union Carbide : luectric ::::::::: ISvS !% Births Girl, Alfred and Bessie Freeland. 305 TrowOrover and Doris Bracken, 2218 North Sherman drive. Fiord and Marv Brown. 2224 Miller. Elisha and Graco Williams, 2159 Avon<l*C4rgll*Cand Johnnie Moore. 1357 KentUHarlan and liary Tucker. 2304 Thornk*Clarenra and Mary Brown, 513 West New York. . ..... Albert and Etta Tischener, 614 North land Robbie Ogan. 435 North California. Bots William and Fannie Majors, 3165 Kenwood. Lee and Cora Smith. 1810 Sugar Grove. Marion and Elizabeth England, 310 South McKlmm. Harry and Violet Carroll. 424 North Jtussell and Mary Atcherton. 1129 South T Emery and =:dith Lines. 1320 North Lewis and Nellie Martin, 4133 East Twentv-etghth. James and Sylvester Eldridge, 919 Edgemont. Lennle and rear! Miller, 541 Arnolds. Lee and Martha Barnes. 3248 Daisy. Deaths Emma Smith. 71. Methodist hospital, cerebral hemorrhage ~ . Mary Ena Dickinson. 48. 724 Markwood. angina pectoris. , Margaret G Kenev. ,8. 1<09% East Michigan, chronic myocarditis Elis Kecakes, 55. 750 Ketcham. lobar Branham, 88, 1027 Newman, Cn ßo r v'Justus, 58, 1930 Hoyt, chronie myoC *E?Uabeth Anderson. 69. 517 West MichiC^lll C ,im n H ! Bufiimtnn, 73. 919 North Pennsylvania, chrome myocarditis. Isabelle W. 6einer. 73. 4910 North IlHnois, lobar pneumonia Leslie Head. 41. 913 Warren, apoplexy Morton Grimes. 64. 2405 North Gale, chomic interstitial uephltis. Wanette Johnson Haines. 4, city hospital. accidental. DICTIONARY FAILS TO SOLVE COURT PUZZLE ‘Metaphysician' Held for ‘Practicing Medicine Without License.’ Bu United Press CLEVELAND, July 24.—The question of whether or not a metaphysician is a physician stumped a Cleveland judge. Yogi Ramchandri was brought before Judge Thomas Greene Wednesday charged with practicing medicine without a license. “This fellow, your honor,” said the arresting officer, "says he's a metaphysician and •” "Pardon me," said the judge, "but what is a metaphysician?” Everyone was silent, so the judge called for a dictionary. He examined the definition of the word carefully. “This case.” he said. Anally, “will have to be looked into. Continued ‘ till July 28.” _______

New York Stocks

-July 24- prev Railroad* — High. Low. 1130. dose. Atchlsorf”. 107 Chile*fc°oi?lo'.V. 10*% i% 189'a 191 Ch**G ii’a ii% Chi N West .Z| % Erl* lt pfd.... 55 Gulf Mob ft Oil 8* .TJj,. Illinois Central ‘ifP Ksn City So 65 .Si,* Lou ft Nash 121 * Minn 8 L MoS'iciac’pfd:;:: ::r !!! }g NY Y NH el ft r H.'.'.‘.lo4* ioß‘* io6*i IMS Pennsylvania .. 76% 76'* <6* .‘® ‘ So Pacific...... •.. •*' *oßi/. Southern *? /a ,2J? St Paul... 1* St Paul Pfd Union Pacific it?? Wabash ........ -i;.. 2 J, ij s * W Marvland sSm 24% 24 * 24 ,a Equipments— .... Am Car ft Fdv * Am Locomotive S,, Am St*l Pd 38 39,* Am Air Brake G*n Am Tank... SSt’ General Elec. .. 73% tit* 71 ■* ll * Oen Rv Lima L0c0.... zs • N Y Air Brake J S,, Press Stl Car... ■ .Ld Pullman 68% 68 4 68 <* Westlngh Ar 8... .., •••,, ,7?,, Westmah Elec ..146’* 144'a 144 a 145 • Rubbers — 2 1 Firestone £% Goodrich”!!".*... 28's 28 28 28’* Ooodyear 3a; Kellv i,J U S Rubber 24% 24 24 is Alburn 128 237 121 'Sl** Chrysler 31- 31’. 31% 31*. Genera? Motor*. 48’* 45’* 45% 45*. S2Sp“..v::.v.v. ’ Mack ••• •*• •* 13 7, r Marmon ••••••• •• • ••• • _ NASh 9% St ude baker .... 32% 32J* 32% 324 Yellow Truck ... 28'* 27'a 27 a a.* Motor Access — ~ Bendlx Aviation 33 s 33 33 33 Borg Warner... 30'a 30 30% 30 Briggs 2% 24V* 24*. 24 A Eaton 25 ■* ?2 /e El Storage *>2,, Hayes Body Motor Wheel xi,, Sparks 22% .3 * Stewart Warner 25 '* Timken Roll 6!>/ * Am Zinc • •••_, 1® 12,/ Anaconda Cop.. 50% 49 • 50 50% Cal ft Hecla 15 * * Cerro de Pasco Dome Mines ‘ Freeport Texas 45% 45% Granby Corp Great Nor Ore 2 * .* Hi, * Howe Sound ..... ... 27% 28% Int Nickel 25 24% 24% 25 Inspiration 15% 15 a 15_* 15 * Kennecott Cop.. 40 39'a 39 * 29-a Magma Cop Miami Copper , 1 2, Nftv rnn: ...... ... ... 16*/ 4 Texas Gul Sul.. 58% 58V* 58% 57% U S Smelt 19 % 37% *36% 37% 36% Houston 11 ..!'.:::: 87”, *••% m% 87% Ind on .. , 22% 22% Indian Refining 14% 14 14 •• • . Laeo Oil 29% Mex Seaboard.. 23% 23% 23% 23% Mid Conti 24% 24 Pan-Amer f B>.. ... , 59% 59% Philips 33% 33'% 33V, 33 ,* P: Oil & Gas 88 t re Oil 21 T ANARUS% 21}* Richfield ...... 18% 17% 18% 17% Royal Dutch.... .. ••• ••• 53? Shell Un 19% 19 19 19% Sinclair 25 24'% 24% 24% Skellv ’l% Standard of Cal . ... , ... , 63% Standard of N J 74% 73% 73% 74 / Standard of N Y 32% 32Va 32',a 32 4 Texas Cos 53% Am te ßolTMills.. 57% 57 57 57% Bethlehem 83% 82% 83 88 Bvers A M 77% 75% 76Vi 77% Colo Fuel 50% Cruc Steel 78% ... Ludlum ••• 27 % 27% Midland 31% 31 31 ... Repub Ift 8.... 47% ... 47% 47% U S Steel 167% 166% 166% J 67% Vanadium 101 98 V* 98% 100 V* Tobaccos — Am Sumatra 10% Am Tobacco (A).239% 239% 239% ... Am Tob 244*% 244% 247% General Cigar ... 45% 45 * Lig ft Mvers B 95'i 95 95 95Vs Lorlllard 22'a 21% 21% 22 Phil Moris 10% 10% 10% ... Reynolds T0b.... 50% 50% 50% 50% Tob Pr A 12% 12'/a 12% 12% United Cig 6% Adam's* 1 Exp .... 27% 27ji 27% 27% Am For Pwr 72% 71 a 71% 72 Am Pwr & Lt. . . 88 '4 87 87 81 a A T ft T. ...218 216% 216% 217*, Col Gas ft El.. 64% 64 64% 65 * Com ft Sou 14% 14% 14% 14 4 El Pwr ft L 1.... 72% 71V, 72 72% Gen Gas A 10% 10 10% 9% Inti Tft T 47 * 46% 46% 47% Natl Pwr ft Li.. 46% 45% 45% 46V, No Amer Cos ...100% 99% 100 , 100 Pac Gas ft El.. 58% 58% 58% 58 Pub Sr N J... 96% 95% 96V, 96',4 So Cal Edison... .. ... ■••., 59 Std G & El 93 92% 92% 94Va United Corp 33% 33', 33% 34 , Ut Pwr ft L A 34% West Union i 71 % Am h Inti *Corp. . 35% 35% 35% 35% Inti Mer M pfd 22V* 22% United Fruit 9*% Am°stigTr 53V* 53 53% ... Armour A 4,, Beechnut “6 fa] plrg ... ... ... 6,5 Can Drv ” 68„ 67% 68 68 Childs Cos 54% 53% 54% ... Cont Baking A.. 24% 24 24 20^, Com Prod 98% 97% 97% 98% Cudahy Pkg • • •• •„ -ii., ’U Gen Foods 55',4 55% 55% 55 a Grand Union 15% 15'/a Kroger:!::::::: 26% n* "25% |% Nat Biscuit 87 86% 86 4 86 Pillsbury 33 32% 32 * 33 ifd r B?ands::::::% % 2! 4 2? Ward Bkg B Cos?v rU fltr 21% 20% 31 Vs 21 Lambert Cos §2 4 v* 2 Lehn ft Fink 28% ... Am"R*adia*o J r 7... 16V 28 26% 26% Gen Asphalt <6% 46% Lehigh Port 22 •,, Otis Elev 66 66 * Indus Chems — _ Allied Chem ....2/0 269 269 274 I Com Solv 27% 26% 2, 26V* Union Carb 73% 73 73 74 U S Ind Retail Stores —

In the Stock Market

ißv Thomson ft Mi Klnnonl NEW YORK. July 24.—With practically all of the larger corporation earnings for the first half year generally known, a comparison with the depression period of ten years ago appears timely. General Motors then, due to an operating deficit, was actually forced to pass the dividend. The Steel Corporation failed to earn its $5 dividend by a wide margin. Gilt edge preferred stocks were selling to yield between 8 and 10 per cent. Even the government was forced to pay 6 per cent for money. Unemployment was far more acute than it is today. Notwithstanding, attempts have been made to compare conditions today with those of a decade ago. Today we have General Motors showing earnings amply covering dividend requirements. The Steel Corporation will probably produce earnings for the first six months sufficient to cover dividends for the entire year. Ten years ago a great number of concerns were forced to resort to additional financing at very high cost Today all of our major corporations are so strong financially that there is no thought of raising additional capital because of the recession in general business. The depression of ten years ago lasted ' ss than a year. We do not believe that the present one will last much, if any, longer. Comparisons are so startlingly in favor of conditions as they are today we can not help but feel that the present offers the investor unusual opportunities.

New York Bank Stocks

—July 24Bid. Ask. America 97 98 Bank of United States 41 >4 43 1 - B&nkers 139'i 141 Central Hanover 354 359 Chase National 13* 139 Chatham Phoenix N*tl... 107 109 Chemical 74' . 7SVj Cltr National 135 136 Corn Exchange 162 164 Commercial 395 410 EmDlre 83 86 First National 4.925 4,975 Guaranty . 615 618 Irving 50*4 51 Manhattan & Cos. 110'i 111 Va Manufacturer* ........... MV* M

* (By Thomson ft McKinnam*

Assoc Dnr Gd3 , 35% Glmble Bros .... 12% 12% Kresge S S 29% 29% 29*, 29% May D Store 46 45% Mont Ward .... 37 38% 36% 36% Penny J C 58 Schulte Ret St , % Sears Roc 68 67',* 6/% 68 Woolworth 60 60 Amusements— . ~ ... Col Graph 18V, 18Vk 18% 19Vs Crosley Radio •• • „}3 Eastman Kod ..215% 213 213 214 Fof Film A 48% 47*. 4,% 47% Grigsby Gru ... la 14*. 14% la Loews Inc 75 s , ,3% i3% ,4% Param Fam • 62% 62 Radio Corp 45% 44% 44** 45-, R-K-O 34% 33*, 34 34*, Schubert 17% 17% 17% 17 Warner Bros ... 44% *3% 43% 44% Am Can 131** 130', 131% 131 Cont Can 60% 60 60 60% Curtiss Wr 7 s , 7% 7% 7% PENNSTOWNERS AT RECORD NIGH Figures Reveal Women Own Third of Railroad. Another n*w * record in the number of Pc, /lvania railroad stockholders has ~een reached for the present month, 207,869 owners of the shares being registered on the books of the company, according to a compilation made public today. The July, 1930, registration shows an increase of 49,413, as compared with the same month a year ago, and an advance of 1,010 over the preceding monthly per.od. The current figures also reveal the fact that women own almost 33 per cent of the Pennsylvania’s stock, and as a group make up more than 47 per cent of the stockholders. A total of 99,451 women own a total of 4,262,198 shares. This is an average holding of forty-three shares.

On Commission Row

FRUITS Apples—Basket: Winesap, $3.25: Ben Davis. $2. Boxes: Stayman, $3.75&4, Winesap. s3® 3.50. Barrels: Ben Davis, $5 50: Winesap, [email protected]: new, Yellow Transparents, s2ft3 a bushel. Apricots —California Royal, [email protected] a "^Meion^—Cantaloupes, California standards. $3.25415 a crate; ponies, [email protected], Jumbo. [email protected]; Honey Dew. [email protected] a crate. Watermelons, 34-lfc. average, 60 Michigan, $5.50 a 24-quart Cr cherrtes —California, 8-lb. box, $3; Michigan, 24-quart crate, $3.75@4. Currants —Michigan, $2.50 a 16-quart Dewberries—North Carolina, $8 a 32- ** Gooseberries—Michigan, $3.75 a 16-quart Cr Graj3efruit^— lmperial valley, $6.50417.25 * Huckleberries— sß a 24-quan cerate. Lemons —Fancy California, 5 7.50i58 a Limes—Dominican, $2.50 a 100 Peaches—Georgia. $2 a one-h Hf-bushel basket; 6-basket crate, $3#3.75. Oranges—California Valencia, $6.75® 8.75 a crate. Pineapples—Cuban, [email protected] a crate. Plums—California, $2@>2.50 a 24-lb. crate. Raspberries—Red California, $4.50 @5 a 24-plnt crate; black, s3<ii3.so. VEGETABLES Asparagus—Home-grown, long green, 75c @sl a dozen bunches; white, 65c. Beans—Marion county, $1.50 bushel; wax, $1.25 a Climax basket. Beets—Louisiana new, $1.50 a bushel; home-grown. 35c a dozen bunches qa Cabbage—Home-grown new, $1.75©3750 barrel. Carrots—Louisiana, $1.50 a bushel; Indiana, 35c a dozen bunches; California, $3 75 crate. Cauliflower—Home-grown, [email protected] a bushel. . . Celery—California. $8 a crate of 48; Michigan. $1.50; Florida washed, $1.25® 2.25 a bunch. , _ Corn—Roasting ears. Alabama, [email protected] a 5-dozen crate; Marion county, 35@40c a dozen. . Cucumbers—Home-grown, hothouse, 6o® 90c a dozen. Kale—Home-grown, 75c a bushel. Lettuce —Washington Iceberg, $5.50 a crate of 4s, ss; extra fancy Marion county leaf, 75c a 15-lb basket. Mushrooms —3-lb. basket, $3. * Onions—Green, home-grown, 30c a dozen bunches: new Texas yellow Bermuda, $2 a crate: Crystal Wax. $2.50; Colorado Spanish. $1.75. Parsley—Southern, 65® 75c a dozen bunenes. Peas—Telephone, home-grown, $2.25® 2.50 a bushel. Peppers—Mississippi, $2®2.50 a hamper. Radishes —Hothouse, button. 40c a dozen bunches; long red or white. 30c. P-hubarb —Homelgrown. 35c a dozen. Spinach—Home-grown. 85c a bushel. Tomatoes —Tennessee, 30-lb. lug, $2; Marion county hothouse, $1.25 a 10-lb. basket. Turnips—New, $1.50 a bushel; Marion county, 45c a dozen bunches.

Produce Markets

ISces (Countrs Run)—Loss off deliverd in Indianapolis. 16c: henery auality. No. 1. 20c: No. 2. 13c. Poultry i buvine prices—Hens, weighing 4% lbs. or over. 17c; under 4% lbs., 17c: Leghorn hens. 14c: springers. 2% lbs. cr over 21c: under 2% lbs., 18c: Leghorn springers. 14c: old cocks. 9®loc: ducks, full feathered, fat whites. 9c: geese. 6c. These prices are lor No. 1 top auality ciuoted bv Kingan ft Cos. Buter (wholesale) —No. 1, 38®39c: No. 2 36® 37c. Butterfat—32c. Cheese (wholesale selling price per oound)—American loaf. 31c; pimento leaf, 32c: Wisconsin firsts, 27c: Loenhorns. 34c: New York Limberger. 36c. Bu United Press , _ CHICAGO. julv 24 Eggs—Market, steadv: receipts 9.345 cases; extra firsts, 22%@23c; firsts. 22c; current receipts, laid, 20' c; ordinaries. 17® 18c: seconds. 16c. Butter —Market, steadv: receipts. 7.594 tubs; extras. 35%c; extra firsts. 33%®34c; firsts. 32®32%c: seconds. 28®30%c: standards. 35 %c. Poultry—Market, firm; receipts. 1 car: fowls. 21c: springers, 24c; Leghorns. 15c: ducks. 14(e 15c: geese, 16c; turkevs. 18c; roosters. 16c: broilers. 21c. Cheese—Twins. 16®16%c; voung Americas, 16'ic. Potatoes—On track. 204; arrivals. 99; shipments. 620; market, weak: Kansas and Missouri sacked Irish Cobblers, 140150; no sales, barrels reported. Bu United Press CINCINNATI. 0., July 24.—ButterSteady: creamery in tub lots according to score. 33®36c: common score discounted, 2®3c: packing stcck. No. 1. 26c; No. 2, 20c; No. 3.15 c; butterfat, 31®33c. Eggs— Steadv; cases incluaed: fresh gathered, 23c; firsts, 30c; seconds, 16c; nearby ungraded, 20c. Live poultry—Thin and coarse stock sells only at heavy discount; fowls, 5 lbs. and over. 19c; 4 lbs. and over, 16c; 3 lbs. and over. 15c; Leghorns, 3 lbs. and over, 13c: roosters. 12c; colored frvers. over 3 lbs.. 26c; broilers, colored, over 2 lbs., 25c; broilers ever 1% lbs., 21c; 1% lbs. and over, 20c: Leghorns and Orpingtons broilers, over 1% lbs., 21c l'/ lbs. and over, 19c. Other Livestock B,u Times Special LOUISVILLE. Julv 24.—Hogs Receipts, 600: market 10c higher: 225 lbs. up. *8.80; 165-225 lbs.. $9.40; 130-165 lbs.. $8.65; 130 lbs. down, *6.90: roughs. $6.40; stags. $5.80. Cattle—Receipts. 100: market slow, steady: prime heavy steers. $8 f-9: heavy shipping steers. *6.50®8: meium and plain steers. $5.50®6.50; fat heifers. 54.50 w a.50; good to choice cows. *4 ®5.25; medium to good cows. $3.25®4; cutters. $3®3.25; canners. s2®3; bulls, *3.50®5: feeders. *6®7.50; Stockers, *56 6. Calves—Receipts. 200: market steady: choice. *7.50®8: medium to good. *6.50@ 7.50: common to medium. *4®6. Sheep— Receipts. 500; market steadv: ewe and wether lambs. *8: buck lambs. *7: seconds. *4®4.50: clipped lambs. $2.506 3.50. Wednesday's shipments: Cattle, none: calves. 195: hogs, none: sheep, 755.

Local Wagon Wheat

City grain elevators are paving 76c for No. 1 red wheat and 73c for No. 1 hard wheat. SENATOR SHOT IN - FEUD South Carolina Legislator Is Not Expected to Recover. Bu t'nifrd Press MONCKS CORNER, S. C., July 24.—State Senator E. J. Dennis, 53, was shot and probably fatally wounded here today in what his friends said was the culmination of a political feud of long standing. Sporty Thomley, young Moncks Corner man. was arrested and held pending outcome of Dennis’ wounds. The senator was sent to a hospital at Cha:-leston. where surgeons said there was little hope of recovery. He was shot in the back three times with a shotguit' ,

THE INDIANAPOLIS TIMES

PORKERS REGAIN RECENT LOSSES IN FIRMUPTURN Cattle Market Shows Lower Trend on Slaughter Classes. July Bulk Tod 17. $9.60-5 9.85 $ 9.85 4.000 18. 9.70(a 10.00 10.00 7.000 19. 9.25® 9.65 9.65 5,500 21. 9.25® 9.65 9 65 3.000 22. 9.25® 9.65 9.65 4.000 23. 9.00® 9.35 9.35 4.500 24. 9.30® 9.60 9.65 4,000 Substantial strength made its appearance in hogs this morning at the city stockyards, prices for the most part being 25 to 35 cents up from Wednesday’s average. The bulk, 160 to 250 pounds, sold for $9.30 to $9.60. Top price paid was $9.65. Receipts were estimated ai 4,000. Holdovers were 204. A lower trend was apparent on all slaughter classes in the cattle market. Rece ots were 550. Vealers held steady at $lO down. Calf receipts were 600. Lambs were mostly 50 cents lower today with the bulk selling at $8 to $9. One small lot sold for $9.50. Sheep receipts were 1,500. Chicago hog receipts were 19,000, including 5,000 direct. Holdovers were 4,000. The market was fairly active with a few sales and bids 15 to 25 cents higher than Wednesday’s prices on 200-pound weights. Butchers and packing sows held 10 to 15 cents higher. Cattle receipts were 6,000, sheep, 10,000. HOGS Receipts, 4.000; market, higher. —Light Lights—-(l4o-160) Good and choice ...$ 9.15® 9.25 —Light Weights—-(l6o-180) Good and choice.... 9.60® 9.65 (180-200) Good and choice 9.60® 9.65 —Medium Weights—-(2oo-220) Good and choice .... 9.40® 9.50 (220-500) Good and choice.... 9.30® 9.40 —Heavy Weights—-(2so-290) Good and choice.... 9.10@ 9.20 (290-350) Good and choice... 8.75® 9.10 (275-500) Medium ancj g00d... 7.00® 8.00 —Slaughter Pigs—-(loo-130) Good and choice 8.75® 9.00 CATTLE (Slaughter Classes) Receipts, 550; market, steady, —Steers—-(6oo-1100) Good and choice $ 8.25®10.50 Common and medium 6.25® 8.75 (1100-1500) Good and choice B.oo® 10.25 Medium 6.00® 8.00 —Heifers—-(sso-850) Good and choice 8.25® 10.25 Common and medium 5.00® 8.25 —Cows — Good and choice 6.50® 7.50 Common and medium 4.50® 6.50 Low cutter and cutters 2.50® 4.50 —8u11. 5 - (Yearlings excluded)— Good and choice (beef) 6.00® 7.25 Cutter, common and medium.. 4.00® 6.00 CALVES and VEALERS Receipts, 600; market, steady. Vealers (Milk Fed) Good and choice $ 9.50®10.00 Medium 7.00® 9.50 Cull and common 4.50® 7.00 Calves (250-500) Good and choice 7.00® 9.50 Common and medium 5.00® 7.00 STOCKER AND FEEDER STEERS (500-600) Good and choice 6.00® 7.75 Common and medium 4.50® 6.00 (800-1050) Good and choice 6.00® 7.75 Common and medium 5.00® 6.00 SHEEP AND LAMBS Receipts, 1,500; market, lower. —Lambs— Good and choice $ B.oo® 9.50 Common and medium 4.00® 8.00 —Ewes— Medium and choice 2.00® 3.50 Cull and common I.oo® 2.00 Other Livestock Bii United Press CHICAGO. July 24.—Hogs—Receipts, 19.000; Including 5,000 direct; fairly active to shippers. 10@25c higher: most advance on better grades: good to choice, 160-210-lb. weights. $9.50®9.65: top. $9.70: light lights. 140-160 lbs., good and choice, $9.15 4/9.65: lightweight. 160-200 lbs., good and choice, $9.35®9.70: medium weights ,200250 lbs., good and choice. [email protected]; heavy weights. 250-350 lbs. .good and choice, 58.45®9.30; packing sows. 275-500 lbs., medium to good, s7@B: slaughter pigs, 100-130 lbs., good and choice, $8.25®9.25. Cattle—Receipts, 6.000; calves, 2.000: very little done, indications. 25c or more lower on everything except few loads strictly, choice steers: slaughter cattle and vealers; steers, 600-900 lbs., good and choice, s9®ll; 900-1100 lbs., good and choice, s9® 11: 1100-1300 lbs., good and choice. $8.75® 10.85: 1300-1500 lbs., good and choice. $8.50 @10.75; 600-1300 lbs., common and medium, $5.75@9: heifers. 550-850 lbs., good and choice. sß® 10.50: common and medium, $4.50(d8.75: cows, good and choice, ss® 7.50: common and medium. [email protected]: low cutter and cutters. [email protected]: bulls, yearlings excluded, good and choice, beef, $6.50 @7.25: cutter to medium. $5®6.75; vealers. milk fed. good and choice. [email protected]. medium. $9.75®10.50; cull and common, $6®9.75: stocker and feeder cattle, steers, 500-1050 lbs., good and choice, s7@9: common and meduim. $4 [email protected]. Sheep—Receipts. 10.000: native lambs steady to weak soots. 25c lower; sorted ewes and wether lambs. [email protected]; westerns unsold, held fully steady: sheep and Seders unchanged, slaughter sheep and lambs; lambs 90 lbs. down. good and choice. $8.75®9.85, medium. [email protected]: all weights. comni°a, [email protected]: ew'es. 90-150 lbs., medium to choice. $2.25®4: all weight scull and common [email protected]: feeding lambs. 50-75 lbs., good and choice, $6.75®7.25. Bu United Press EAST ST. LOUIS. 111., July 24.—Hogs— Receipts. 7.000: market, opened 25c higher on 230 lbs. down; no action on others, bulks! 140-230 'bs.. [email protected]; most sows, $7 [email protected]. Cattle —Receipts. 2.000: calves, receipts 1.000: market, native and western steers slow; lower undertone on cows, cutters low cutters and grass heifers: fat heifers’anc bulls, steady; good and choice, vealers 25c. lower at $9.75; medium bulls. $5.50 down. Sheep—Receipts, 2.000: market, few choice lambs to city butchers, steady at s9' packers bidding 25c lower; asking [email protected] for bulk natives. Bn United Press PITTSBURGH. Julv ?4.— HOM—Receipts^ 1 soo* steadv: 160-210 lbs.. 270°lbs. good Pigs $9.50; sows 50 Cattle —Receipts. 40. no early sales! Calves— Receipts, 150: very du.l 50 cents to $1 lower: medium to good. sß@lo. Sheep—Receipts. 1.069, lambs. 25c loser, fatted natives s9@ 9.25. Bn United Press CT.FVELAND. July 24.— Hogs—Receipts, 600: holdover l i° ne -, 6 1 0 5 | 2 0 5c 1b s 1Kl $9 and stags steady: 160-220 lbs.. sa.Buwiu, bulk choice lightweights at top. most 220 9fin lbs S9 65; upward to 300 lbs. down offerfngs. U cows?' scYr& )°ew °c"uer°"graces, kfnds inbetween grades ; ddraggv: , .t. unevenly lower: kinds lelUne $9 dowmward predominating, nothing strictly choice offered early; sheep. steady. Bn United Press FAST BUFFALO, N. Y.. Julv 24. — —Receipts. 1,200; holdovers. 200; market, unevenly steaf to 10c higher; pigs and so n ws e ste y ady: and. liable 200 lbs down. $lO ®lO 15' most p S. $lO. 210-230 IDS., •<O @ 10- 230-280 lbs.. $9,254(9.75; packing sows 57.50@8. Cattle—Receipts 150; market, verv dull; few beef cows steady at $4. 5.50: cutter grades, $2.50 up. Calves—Receipts, 300; market, slow; steady to 50c lower; bulk good to choice vealers. $11.50 @ 12; commo nto medium, —Receipts. 2.500: market, very little done, indications 50c to $1 lower on lambs, a load of good lambs. $9; holding , s °m| upward to $9.50; fat ewes steady at $2.50@4. P’< United Press Tr. WAYNE. Ind., July 24.—Hog markpt 25c higher: 90-120 lbs.. sß.<s, 120140 lbs . $9: 140-160 lbs.. $9.25; 160-180 lbs.. $9.40: 180-200 lbs.. $9.50 : 200-225 lbs.. $9.35: 225-250 lbs.. $9.10: 250-275 lbs.. *9. 275-350 lbs., $8.55: roughs. $7: stags. $5. Calves—Receipts, 10. Lambs —Receipts, 8. Bn United Press TOLEDO. July 24.— Hogs—Receipts. 200: market. 10® 20c higher: heavies. $8.25® 8 65: mediums. [email protected]: Yorkers. $9.25® 9 75: pigs. $9.25419.75. Cattle—Receipts, light: market, slow. Calves—Receipts, light: market, lower. Sheep—Receipts, light, market, lower. Bu United Press CINCINNATI. July 24.—Hoes—Receipts. 3.156. including 1.765 direct. 620 held over; steadv to 10c higher: better grade 170-210-lb. butchers at $9.75. showing the advance: 230-lb. weights auotable downward to $9 50 : 250-300 lbs.. $8.25@ 9: 120-150 lbs. mostlv $9.25: steadv to strong: bulk sows. $7: few smooth lightweights. *7.25. Cattle —Receipts. 525: heldover. 730: calves. 200; slow, generally steady on a few sales of common and medium grass steers and heifers at $5®6.75: small lots of dry fed mixed yearlings. *10.25: cows steady to weak: some late bids lower: most beef cows. ss® 6: low cutters and cutter cows. $2,504(4; bulls draggv. weak to 25c lower: few sales $6 downward: good and choice vealers steadv at sß.so®io: lower grades almost unsaleable: few s6@B. Sheep—Receipts. 1.700: lambs weak to a shade lower; good and choice kinds $8.50 to mostly $9: medium grade and buck lambs mostly $7: common throwouts largely *5.50 @6; light inferior kinds. *45; sheep a Irons: $26.3.50; choice quo table uo to *4.

Dow-Jones Summary

A contract as distributors tor the Independence Fund of North America. Inc., has been acquired by Pfaff & Hughel, Inc., lt was announced today. A special department to take care of this new phase of their business has already been organized. LONDON—New York cables opened at 4.86 11-16. unchanged: Paris checks. 123.6 1 : Amsterdam. 12.092; Italy. 92.885; Berlin. 20.375. Union Carbide and Carbon Corporation and subsidiaries auarter earnings 70 cents a share on 9.000.713 shares against 72 cents a share on 8.995.208 shares in preceding quarter and 88 cents a share on 8.306,108 shares in June, 1920. quarter. Six months. $1.42 a share on 9,000.743 shares against $1.75 a share on 8,306,108 shares in like 1929 period. Bank of England statement as of July 24 shows circulation 364,137.000 pounds against 365.120,000 pounds July 17. Ratio 44.8 per cent against 44.3 per cent and bullion 155,033,000 pounds against 156.3/1.000 pounds. Western Maryland June surplus aftei charges *106.902 against $178,750 in June. 1929. Six months. *983.291 against *1.094,437. Air reduction in June quarter earned *1.72 a share on 770.402 shares against $1.97 a share on 755.604 shares in like 1929 quarter. Six months. $3.64 a share on 791.781 shares against $3.61 a share on 755,864 shares in like 1929 period. Foster-Wheeler Corporation, including English and French subsidiaries, in first six months earned $4.27 a share on 236,449 common shares against $3.57 a share on 200,000 shares In like 1929 period. Unfilled orders June 30. $10,720,757 against $6,579,653 June 30. 1929. Trading in Transamerica Corporation stock on the “big board’’ will not begin today as would be the usual procedure following approval of the listing by the committee on stock list of the New York Stock Exchange on Wednesday afternoon. Trading will continue for a few days on the curb until various details of the certificate and other technical matters can be arraigned. Just when trading will begin on the exchange will be announced at a later date. National Dairy Products Corporation has acquired Chapman. Dairy Company of Kansas City, Mo. The resolution to ask aid of the Dutch East Indies government in putting into effect a rubber restriction scheme which was passed at a meeting of Dutch Rubber growers at Amsterdam July 17 is now irrevocable. It is announced officially thai 112 producers, represeting 38,905 tons of rubber, voted in favor or the plan while twenty-one producers representing 25,992 tons of rubber voted against it. Among producers opposed to the plan, however, are Amerlcan-ow’ned firms representing 11,800 tons. Southern California Edison June balance after taxes and charges, but before depreciation $1,751,173 against $1,912,900 in June. 1929. Six months, $8,714,870 against $8,985,180. Pennsylvania railroad handled 143,749 cars in week ended July 19 against 142.423 in preceding week and 170,238 in 1929 week. From Jan. 1 cars totaled 4.110.866 against 4.666,774. Westvaco Chlorine Products Corporation and subsidiaries in second quarter earned 76 cents a share on 225.155 common shares, against 89 cents a share on 225.155 shares in first quarter and $1.21 a share on 200.000 shares in June. 1929. auarter. Six months. $1.66 a share on 225.155 common shares against $2.52 a share on 200.000 shares. Worthington Pump and Machinery first six months net profit $1,052,732 after charges, depreciation and federal taxes against $1,099,428 a year ago. June gross of Minneapolis & St. Louis Railway Company was $1,048,219 and net operating revenue after expenses was $176,771. Spang-Chalfant in auarter ended March 31 earned sl.Ol a common share against 98 cents a share in like 1929 auarter. Six months. $1.66 a share on 225.155 common shares against $2.52 a share on 200,000 shares. Monsanto Chemical Works in June quarter earned 80 cents a share against 71 cents a share in preceding quarter, making a total of $1.51 a share in first six months. Bowman Biltmore Hotels Corporation six months ended June 30, profit $492,155 after charges, but before federal taxes, against net profit of $855,643 after federal taxes in first half 1929. Bank of France statement as of July 18 shows gold 44.912,000,000 francs against 44,457,000,000 July 11. Circulation 72,293,000,000 against 72,858.000.000 and ratio 51.10 per cent against 50.98 per cent. Consolidated Lead and Zinc Company six months ended June 30 profit $74,992 after charges, but before depreciation, depletion and taxes. Havana Electric Railway Company declared regular quarterly dividend of $1.50 on 6 per cent cumulative preferred, payable Sept. 2, record Aug. 12. National Distillers Products six months ended June 30, profxt $243,921, after interest, depreciation and preferred dividend but before federal taxes, against $320,945 a year ago. General Motors Corporation in June quarter earned $1.17 a share on 43,500,000 common shares against $2.01 a share in second quarter, 1929. Six months, $2.15 a common shate against $3.38 a share. Including non-operating, nonrecurring profit equai to 17 cents a common share total earnings this year in June quarter and first six months were equal to $1.34 a share and $2.32 a share on common respectively. United States Printing and Lithographing Company /’eclarea regularly quarterly dividend of 75 cents on preferred and 50 cents on common, both payable Oct. 1, record Sept. 20.

Gone, but Not Forgotten

Automobiles reported to police as stolen belong to: Robert Seacy. 1205 Naomi street, Essex coach. 739-889. from parking space at city hospital. Riley M. Smith. 1551 College avenue. Buick sedan. 61-379, from Market ad Delaware streets. Capitol Motors Company. Capitol avenue and Michigan street. Hupp sedan, from Capitol avenue and Michigan street.

BACK HOME AGAIN

Stolen automobiles recovered by police belong to: „ , . Clarence Baker. 4438 Broadway. Packard sedan, found at Tenth street and Senate avenue. COOLIDGE WILL ATTEND Legion Will Be Host to Ex-President af Boston Convention. Former President Calvin Coolidge will be a distinguished guest of the American Legion at its twelfth annual national convention at the opening session in Boston, Oct. 6. An acceptance to an invitation from O. L. Bodenhamer, national commander, was announced by the latter at national headquarters here last evening.

Building Permits Central Avenue M. E. church. Twelfth and Central, repairs. SSOO. C. E. Reinhart, repairs. 1117 Eving. $2,500. Maynard Realty Company, dwelling and garage. 4645 Rookwood. *IO,OOO. J. M. Stephens, dwelling and garage, 1446 Berwick. *4.400. 1 J. A. Breedlove, repairs. 651 South Warman. *2OO. Cruse Realty Company, garage. 1326 West Twenty-fifth. *2OO. Elizabeth Doltz. repairs. 2259 North Pennsylvania. *SOO. McCardle on Bar Parley Program John W. McCardle. chairman of the public service commission, will speak at the meeting of the utilities division of the American Bar Association, Aug. 19, in Chicago. He will discuss “Public Relations of the Utilities.” Former Lawmaker Dies Bu United Press KOKOMO, Ind., July 24.—John N. Loop, 84, former Howard county representative, and Kokomo manufacturer, is dead here. He leaves his widow-three and daughters and gjy grandchildren, jiaujmmiHli

WHEAT MOVES UP ON STRONG FOREIGN NEWS Corn Scores Advance on Hot, Dry Weather; Oats Close Off. Bu United Press CHICAGO, July 24.—Hedging pressure and selling by locals during the latter part of the session caused wheat to ease, but the market held small gains at the close of the Board of Trade today. There was some selling on reports of Russian sales though these were attributed to propaganda. Corn recovered from heavy profit-taking and selling by holders of wheat around noon to close with a small gain. Oats was off slightly with wheat. At the close wheat was % to 3 S cent higher. Corn was % to ITs cents higher and oats was unchanged to 14 cent lower. Provisions were firm. Liverpool maintained its steady tone and at the close was unchanged to % cent higher. There were further reports of export business overnight, but nothing definite. Cash prices were unchanged. Receipts were 667 cars. Corn scored another good advance on the dry weather over the belt and the forecast for higher temperatures and no rain. At midsession prices were more than 1 cent up with buying orders coming in from all parts of the country and much interest in the situation in New York and the east. Trading was very active. Cash prices were 14 to 14 cent higher. Receipts were 238 cars. There was not much activity in oats, but that pit recorded a minor fractional advance in sympathy with corn and held it during the morning. Cash prices were unchanged. Receipts were forty-eight cars. Chicago Grain Table —July 24 WHEAT— Prev. Open. Hieh. Low. Close, close. July.. .88% .88% .87% .88% .88% Sept.. .91% .91% .90% .91% .91 Dec... .97% .97% .96% .97 .96% Mar... 1.02 1.02 1.00% 1.01% 1.01% CORN— July.. .84 .84% .83% .84% .83% Sept.. .82% .83% .82 .83% .81% Dec... .77% .78% .76% .78% .76% Mar... .80% .82% .80% .82 Vi .80% OATS— Julv 34% .34% Sept.. .37'! .37% .36% .37 .37% Dec... .40% .41 .40% .40% .40% Mar... .43% .43% .43 .42 .43% RYE— Julv.. .54% .54% .53% .54% .54% Sept.. .57 .57 .56% .56% .56% Dec... .62% .63% .61% .62% .62% Mar... .67'/a .68 .67% .67% .67% LARD— Julv 0-70 9.67 Sept.. 9.72 9.75 9.72 9.72 9.70 Oct.. 9.77 9.77 9.75 9.77 9.72 Dec 9.32 9.32 BELLIES— Julv. 13.40 13.47 13.40 13.47 13.50 Sept . 12.70 12.70 Bu Times Fined at CHICAGO. July 24.—Carlots: Wheat, 474: corn. 368; oats. 24. Bu United Press CHICAGO. Julv 24.—Cash grain close: Wheat—No. 2 red. 88%@89c; No. 2 hard. 8945 89%c: No. 3 hard. 88@88%c. Corn— No. 2 mixed. 85%c: No. 3 mixed. 84%c: No. 4 mixed, 84c: No. 6 mixed. 81@82c; No. 1 vellow. 85%®86c; No. 2 vellow. 85% ®Bs%c; No. 3 yellow. 84%@85c: No. 6 yellow. 84c: No. 2 white. 87%c: No. 4 white. 86c. Oats—No. 2 white, 3S'/2®36’.1c; No. 3 white, 35@35’;c: No. 4 white. 34%c. R, ve —No. 2 new. 63c. Bariev Timothy—[email protected]. C10ver—[email protected]. Bu United Press TOLEDO. Julv 24.—Grain close: Wheat —No. 2 red. 90@91c. Corn—No. 3 yellow, 90%@91%c. Oats—No. 2 white, 41%® 43%c. Rve —No. 2. 75c. Barley—No. 2, 50c. Clover—Domestic: cash. $13.25: prime choice. $13.55; October. sl4: December. $14.25. Alsvke—Cash. $11.60; October, $11.90. Butter—Fancy creamery. 39@40c. Eggs—Country run. 18@20c. Hay—Timothy, $1.25 cwt. BABY CHOKES~TO DEATH Granddaughter of Famous Scientist Strangled by Screen. Bu United Press SAN MARINO, Cal., July 24. Marcia Millikan, year-old granddaughter of Dr. Robert A. Millikan, internationally known scientist, accidentally choked to death Wednesday when she was left alone for ten minutes in her grandfather’s home here. The baby was in her crib and a screen fell across her throat. Dr. Millikan is chairman of the executive council of the California Institute of Technology at Pasadena. 150 MEN MAY BE IDLE Only Reorganization Can Keep Plant Operating at Mt. Vernon. Bu United Press MT, VERNON, Ind., July 24. One hundred and fifty men will be thrown out of employment Aug. 1 unless the Mt. Vernon Strawboard Company is reorganized and refinanced, it is announced. The Graham Paper Company, St. Louis, principal stockholder in the company, plans to close the plant in accordance with a policy of confining its efforts to merchandising alone, rather than manufacturing. Robert Stevens, manager of the Mt. Vernon company, is directing the reorganization movement, to be supported by local capital.

Father and Son Sued WINCHESTER, Ind., July 24. Suit for $3,000 damages has been fi!:1 in the Randolph circuit court here by Otto Spangler against Robert Snodgrass Sr. and Robert Snodgrass Jr. The case was brought here on a ch .nge of venue from Delaware county. The plaintiff alleges that due to fast driving his automobile was in collision with that of the elder Snodgrass, which was being driven by the son. The accident occurred at a country road crossing. Spangler alleges permanent injuries as a result of the accident.

Former Pupils Meet Bv Times Special BENTONVILLE, Ind., July 24More than 200 former pupils of the Bentonville school met here in reunion. Miss Edith Weaver, a former teacher, was in charge of the program. Mrs. Ruby Powell was named president and Miss Eva Beeson, secretary-treasurer. Mrs. Nettie Freeman read a history of the Posey township schools, which will soon be published in book form. Milk Tester Resigns Bv Times Soedal RICHMOND, Ind., July 24.—C.M. McClure, official tester of the Wayne Randolph Dairy Herd Improvement Association, has tendered his resignation to County Agents T. M. Ice and S. W. Milligan, to take effect Aug. 31. McClure has accepted the post of supervisor of pasteurizing and general care of the milk supply at the Earlham college

The City in Brief

Frank King, formerly employed in law offices of Newberger. Simon & Davis, has been admitted to partnership in the firm of Newberger, Simon, Davis & King. 808-812 Kahn building, it was announced today. Richard A. Parker, 37, of Louisville, was sentenced to life imprisonment in the Indiana state prison today by a jury that convicted him in criminal court of first degree rape. He was charged with the criminal assault on an 8-year-old girl. Suit on a note, asking $5,000 was filed in federal court today by the Morton Motor Company of West Virginia, against James P. Goodrich, H. Wright and John Hayes, comprising the firm of Wright & Hayes. The complaint alleges the Morton company accepted the firm's note for $3,200 on a highway construction project in West Virginia, and that it remains unpaid. Goodrich is sole owner of the company now, it is alleged. Indiana's corn borer patrol assumed its posts today around the areas infested by the European corn borer, Frank N. Wallace, state entomologist, announced. Some fifty state guards were stationed on main highways to prevent transportation of green corn from the quarantined counties and townships. Further progress toward construction of the Ohio river bridge at Evansville appeared likely today with the announcement at the statehouse that Clifford E. Smith, assistant attorney-general of Kentucky, will come to Indianapolis Friday for a conference with Indiana officials relative to the bridge work. Ed Barclay, 42, was sentenced three to ten years in the State prison today for the robbery of the Evan Stackhouse grocery, 4115 East Michigan street, June 26, by Criminal Judge James A. Collins. George Montgomery, 19, was sentenced one to ten years in the state reformatory for stealing fixtures from the First Reformed church on June 15. Governor Harry G. Leslie returned to his vacation at the Indiana Dunes State .park today. He was in his office ali day Wednesday and expects to return again some time next month, it was reported. Ralph Wilcox, state forester, will address the Exchange Club at its weekly luncheon Friday at the Lincoln. Deploring the practice of some attorneys and physicians advertising aid to disabled veterans in filling out applications for benefits under new veterans’ legislation, Pleas E. Greenlee, Shelbyville, department adjutant of the American Legion, said the legion and veterans’ bureau supplied this service free. All former residents of Lawrence county are invited to attend the annual Lawrence county reunion Sunday, Aug. 3, in Brookside park, W. E. McCormick, president, announced today. Filing of a suit against the Metropolitan Casualty Company, who posted a surety bond for C. A. Rosasco, former Riverside golf manager, to collect the $1,250 shortage in Rosasco’s ticket fund, was ordered today by the park board. Over the protest of thirty remonstrators in the vicinity the park board today granted permission to erect two miniature golf courses at Twenty-ninth and Harding streets to the Fidelity Trust Company. UNION DANCE SLATED Stereotypers in Program Tonight at Ballroom. Delegates at the twenty-ninth annual convention, International Stereotypers and Electrotypers’ Union, attended a closed business session at the Clajpool today. President Winfield T. Keegan presided. Shopping tours and a luncheon at the Spink-Arms, followed by a theater party in riie afternoon, were on the program for wives of delegates and guests, who are being entertained by the ladies’ committee of the Indianapolis unions. A dance at the Claypool tonight will be the closing event on today’s program. Preceding this, delegates will attend a banquet in the Riley room of the Claj pool. Tuberculosis in Cattle GREENCASTLE, Ind., July 24. Floyd Miller, Putnam county farm agent, reports that there are thirtytwo herds of cattle in Putnam county infected with tuberculosis. The total number of infected cows was ninety out of 17,113 tested. One dairy herd in Warren township, which contained seventy-two cattle and which has been the source of milk supply for many persons, contained thirty-eight infected cattle.

Convention Fund Sought B.u Time* Special ANDERSON, Ind., July 24. George Hockett post of the American Legion las enlisted support of the city and the Chamber of Commerce is raising $15,000 needed to certify the invitation which the local post will extend the annual Legion convention at Ft. Wayne to meet here in 1931. Commander William O. Nelsoi. has announced that the local drum and bugle corps, district champion, will perform at Ft. Wayne meeting. Fire Damages Home Bu Times Special CLOVERDALE, Ind., July 24. A two-story frame residence occupied by Mr. and Mrs. John O’Mullane was badly damaged by fire which started from an oil lamp. A loss of several hundred dollars is partially covered by insurance. Natural Gas for Evansville B,n Times Sprcial EVANSVILLE. Ind., July 24. Natural gas will be turned into mains here Saturday. It will be piped from wells of the Indiana Southwestern Gas and Utilities Corporation in Gibson and Pike counties. A force of 100 men will be engaged in adjusting gas consuming appliances as a result of the change from artificial gas. The change was made at a cost of $300,000, k

.JULY 24, 1930

SEVERE LOSSES 1 FEARED BY ALU GRAIN GROWERS Condition Worst in Recent Years; Expect Surplus to Be Lowered. Bu United Press WASHINGTON. July 24.—Widespread crop deterioration In every principal growing region east of the Rockies during the last four weeks threatens the American farmer with the most severe drought and heat losses in many years. Increased prices because of the prospective smaller yields will tend to offset the damage to spring wheat and cotton, but producers of corn, potatoes, fruit, small grains and garden vegetables will have no such compensation. Livestock men already are suffering heavy losses because off burning grazing lands, and dairy farmers attribute greatly reduced milk production to the same cause. In wheat and cotton the drought will help the farm board to realize its goal of decreased production. The resulting increase in prices may go far toward reducing the hug® surpluses in these commodities forecast earlier In the season. Weather Is Factor For the agricultural industry as a whole, however, the present outlook is for heavy net losses because of the abnormal maturing weather. Department of agriculture crop experts are unable as yet to estimate the damage to various crops. To a large extent weather during the next, two weeks will determine final yields. Continued deficiency in rainfall will cause further heavy shrinkage in corn, wheat, vegetables and dairy products, but may be beneficial to the cotton crop. The present growing season has been the most unfavorable since 1901. Since March 1, rainfall in the Ohio and Missouri valleys has ranged from 31 to 49 per cent of normal. During the last nine weeks rainfall in this same region has been only one-fifth of the normal. Fire Hazards Created The lower Mississippi valley has had only about 60 per cent of the normal rainfall; Kansas, 60 to 90 per cent; Nebraska, 70 per cent of normal; the Dakotas, 60 to 80 per cent, and middle-Atlantic states, 70 to 85 per cent. In all sections the light precipitation has been accompanied by abnormally high tem-~ peratures, which has caused excessive marketnig losses to fruit, vegetable and dairy shippers. Declaring that the current “unprecedented drought’’ had created unusual forest fire hazards, the American Forestry Association today broadcast a warning to the northwest for vigorous enforcement of preventive regulations. “The timbered areas of the country are in such an inflammable state that a single cigaret may start an inferno,’’ the warning said. ‘Spooks’ Bring Divorce Bu United Press NEW YORK, July 24.—Leonardo Rada, 23, a solderer, told Supreme Court Justice Strong in Brooklyn that his wife, who claims to be a medium, had kept him in “mortal fear” by predicting sudden death for him in her "conversations” with the dead. Justice Strong gave him a divorce.

VIII) INpSTMINT CO j North American Trust Shares A Fixed Trust 129 E. Market Lincoln 6884

Robert K. Tomlinson INVESTMENTS B*4-20 Continental Bank Bid*. Indlanapolli Lla. 9818

Interstate Public Service Company Notice of Dividend The Board of Directors of the Interstate Public Service Company has declared the regular quarterly dividend of one and one-half per cent (IH%) on the outstanding Preferred Stock of the Company, payable August 15, 1930, to stockholders of record July 31* 1930. LOIS ALLEN, Secretary

James T. Hamill & Company Private Wires to All Leading Markets Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bldg. Tel. Riley 5493—Riley 5194

ON WRONG SIDE OF THE LEDGER? investments properly made in oil bring handsome returns I 20,000 barrel Gushers are almost daily occurrences in th Oklahoma City Field. W rite me for the facts—then yoij can act intelligently. C. C. JULIAN Oil Operator Cotton Exchange Building Oklahoma City, Okie.