Indianapolis Times, Volume 42, Number 65, Indianapolis, Marion County, 25 July 1930 — Page 15

JULY 25, 1930.

STOCK SHARES MAKE GAINS IN NARROW RANGE Professional Operators Are Responsible for Most of Activity.

Average Stock Prices

Aver ut price of thirty industrials for Thursday we* 235.51. off 3.82. Average of twenty rail* a* 134 15. off .43. Average of twenty utilities wa* 85.4*. off 1.14. Average of forty bond* *u 95.82. up .10. t’nited Frees NEW YORK. July 25. No change In character of trading occurred on the Stock Exchange in the morning dealings today outside of a moderate finning up of the price levei. Following the sharp decline in Thursday's closing dealings, a better tone developed at the opening and was maintained through the early part of the session. Recoveries. however, were extremely small, being held to less than a point in leaders like Steel common, American Can. Westlnghouse and General Electric. Professionals Active On the other hand, further weakness was apparent in National Cash Register and United States Industrial Alcohol, both of which were affected by special developments. Activity continued around the million-and-one-half-share rate of the previous session and dealings were again devoid of any speculative interest. Most of the activity was accounted for by professionals’ operations for both the upside and downside. Pool activity was noticeably absent. Failure of General Motors to develop further leadership on the upside after opening unchanged encouraged interests working for lower prices and prevented buying operations in other sections of the list. Trade Is Dull Radio, on the other hand, ran up more than a point at one time on a heavy turnover without attracting much attention. Trading was so dull that long intervals developed between quotations on the ticker tape. Lethargic action of the market also caused a further withdrawal of large traders who kept to the sidelines pending a more favorable outlook for stock prices.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clrarinns 35. were *2.695.000. debits. *5.343.000. CHICAGO STATEMENT S87.900.000: balances. *8.800.000. NEW YORK STATEMENT H NEW YORK. July 25. Bank clearings. $1,148.000 000: clearing louse balance, $166,000,000 federal reserve bank credit balance $123,000,000. TREASIRY STATEMENT July 25—Thetreasury net balance. July 23. was Expend! s urea for the same date were *7.624 525.89. and customs receipts; for the month to that date were *18.347.268.25.

Local Wagon Wheat

City cram rlyvators are oaytnc 77c for No. 1 red wheat and 74c for No. 1 hard wheat.

New York Bank Stocks

—July 25 Bid. Ask. America ®6 ®? Bankers J* ® Brooklyn Trust >OO 705 Central Hanover ..,.. ..... 352 355 Chatham Phoenix Natl .. 107 109 Commercial 39® Empire 82 85 Irving 50 o'i Manhattan A Company .. l™% ’’’ Manufacturers 96 .97% New York Trust 240 -♦* Public 111 Five Prisoners Break Jail ' SOUTH PARIS. Me., July 25. Five prisoner? sawed their way out of a cell block in the Oxford county jail early today and escaped after scaling a wall topped with a fourfoot barbed wire fence.

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New York Stocks . IBy Thomson Ac McKinnon)

K*Jlre*d— Prev. High. Low. 11,30 clowe. Atchison *33% BUt Ac Ohio ■ • jOJ*' Chesa Ac Ohio.. .180% 189 iß9’ t 188 Che ml Coro Ofj* Chi Ort Wert **% it.’ Chi N West Pel L A* w: lli ouu kob Ac dii*.:: nit now Central x ii -** Kan Citv So jii., M * Mo Pacific at {S * N Y Central. I** }S, 1 N V N H Ac U* 1 * B’KSsr.:.:::: ::: .88 # Southern Ry ... •• ••• ••• tS, j 3t Paul St Paul pfd *4% ’ai St t Ac S", Wabash W Maryland *4 • Weat Pacific 20 • Equipments— , is ■ • , S8 Gn Am T.tV. f M!, MJ. General Elec ... ills lit* 71% 71% Oen Ry Signal m Lima Loco • * s N Y Air Brake *•.. ••• Press Stl Car ... Pullman ®2i/ SI. 4 Westlngh Ar B. .. ... 38% 38% Westlngn Elec.. 145% 143% 144 144% Rubbers— Plsk 3% 3 /a Goodrich 3’* Goodyear .. ... *3 *5,. Kelly Sprgfld * • U S Rubber 33% 23% Auburn 128% 137 1??!? I?s.. Chrysler 31% 30% 31% 30% Oardner J Graham Pa’ge ... Oeneral Motors.. 48 45 % 48 45% Hudson ”* £ u .?g ‘55% s% Packard ....... 14% 14 <4 14% 14% Reo ? Htudebaker ••• 37 Si 1 * Yellow Truck... 27% 28% 28% 27 Motor Aeeeaa— Am Bosch 32 31 > 32 21 £ Bendix Aviation.. 33 32% 33 33,4 Borg Warner... .. 30 30 Briggs 24% 23.• 23% 24^ Fatnn .... . . mmm 2 5 El Storage 8,. 85% ... 65% Boarks-W 22/. Stewart Warner 24. Tlmkln Roll 62% 63% Mining— Am Metals 33% 32% 33 33% Am Smelt *% -ri.. Am Zinc ... 10% 10% Anaconda Con... 50% 50 50% 49% Cal A Hecla I*s? Cerro de Pasco ... 50% Freeport Texas.. 45% 45% 45% 45 Granby Corp 22% 22% Great Nor Ore 21/a Koucop-.: SS? 39% 111 M*am*l* tapper.'. 16% ’ij 18% j|% Oil*— .... .... Amerada ... 24% 24 j Atl Refining ... 39% 38% 39% 39 Barnsdall • ... 23% Houston 86% 85% 85% 84% Ind Oil , 32% Indian Refining 13 a••• Lago Oil 29% 29% Mex Sbd 23% 23 Vs 23 % 23% Mid Conti 24 Pan-Amer B ... •• • J 9 * Phillips 33% 33 Vi 33% 33% Pr Oil Ac Gas 38% Pure Oil •• 21% Richfield 13 I]% Royal Dutch 54 54 Shell Un 19 Vi Simms Pt ... ... 22 • •• Sinclair 34 V 4 24% Skellv ... ... 31% Standard of Cal 62% 61% 61% 82% Standard of N J 74% 72-. 72% 73% Standard Os N Y 32% 32% 32V* 32% Texas Cos 53% 53 53 53 Steels— .... Am Roll Mills 57% Bethlehem • 82% Byers AM....... 76% 76 Colo Puel 51% 48% 51% 49% Cruc Bteel 78 Vs 78% Ludlum .. ••• ••• 27% Repub I& S ... 47% 47 47 46% U S steel 166% 165% 165% 165% Vanadium 109% 99% 99% 98% Youngst S Ac W 35% ... Tobacco*— Am Tobacco (A) 238 Am Tob (Bt 245 Vi 244 General Cigar *5 Vi Lig A: Myers B 94 94 Lorlllard 31% 21% 21% 21% Reynolds Tob .. 50% 50% 50V 2 50% Utilities— Adams Exp , 27 27% Am For Pwr.... 7i% 71% 71% 71% Am Pwr Ac Li.... 89% 89% 89% 89 A T Ac T 216% 215% 215% 215% Col Gas Ac El 64% 63% 63% 63% Com Ac Sou ... .... 14Va Gen Gas A 10 9% 9% 10 E! Pwr Ac LI 72% 71', 72% 71% Jntl TAc T 46% -6% 46% 45% Natl Pwr Ac L 1... 46% 46% 464 J 454, No Amer C 0.... 98% 98% 9!P? 99% Pub Ser N J 95’/a 94% 95% 96% So Cal Edison 57% 57% Btd G Ac El 94 93 United Corn.... 33% 33% 33 Vi 33% Ut Pwr Ac L A 31 34% West Union 168 169% Am hl lntl n Coro... 35% 35% 35% 35% tntl Mer M ofd.. 22% 22 22 22% United Fruit ... 92% 92% Foods— Am Sug • ••• . it , 53 % Armour A 5% 5 5% ... Beechnut Pkg ■ ■ 56 Can Drv 67 67 Coca Cola lJ9,f Cont Baiting A.. ... 34% 24% Corn Prod 97% 97 9i% 96% Oen Foods .. 55% 55*/2 Kroger 25% 25% 25% 26 Nat Biscuit .... 86% 85% 86% 84% PlUsburr 32 Va 32% 32% 32; Safeway St 74V* 74% Std Brands 21 21 Ward Bkg 8 8 Lambert Cos 91% 91% 91% 91% Lehn Ac Fink 28 Vi Industrials— .... Am Radiator... .. ... 26% 26% Bush Term 34 Gen Asphalt 45 46V* lehlgh Port 33 Otis Elev 66 Indus Chems— Allied Chem.. 270 268% Com Solv 28% 27% 28'* 27^ Union Carb .... 73% 72 s * 72% 71% U S Ind Alco.. 71 69 69% 70% Retail Stores— Assoc Dry Gds.. .. 34% Gimble Bros 12% Kresge S S 28% 28 7 a May D Store 44% 44%

Mont Ward .... 36% 36 36% 36 Penny j c 58 Schulte Ret St •% Bears Roc 56% Woolworth 58% 56% 58% 58% Amusements— Bruns Balke 16 Col Graph 18% 18% 18% 18% Eastman Kod ..213 211 313 208 V, Fox Film A .... 48 47% 47% *7 Grigsby Gru ... 14% 14% 14% 14% Loews Inc 74 73% 73% 73Vs Param Fam .... 61% 60% 60** 61 Radio Corp .... 45% 44% 44% 44% R-K-O 34 33V. 33% 33*, Schubert 17 V* Real Silk 41V* Other Livestock Bl rt n July 25.—Hogs—Market. steady to 10c higher: 90-120 lb*.. 98.75: 120-140 Iba.. 89: 140-180 ibs.. 89.35; 160-180 lbs.. $9.50; 180-300 Iba.. $9 60: 200-235 lbs.. 99.45; 235-250 lbs.. $9 2d: 250-275 lb*.. $9.10; 275-350 lb*.. 88 65: rough*. 87; stags. $5. Calves, $lO. Lambs. $7.50. Bv United Preen CLEVELAND. July 25.—Butter—Firm: extras. 39 -*c: extra firsts. 39%c. Eggs Easy; extras. 28c; firsts. 30%c. Poultry— Weak: fowls. 24c; medium. 23c: Leghorns. 1520 e: heavy springers. 25r30c: over 3 lbs. 284c32c; Leghorn springers, 204t22c; ducks. 12@20e: old cocks. li@l4c; geese. 1015 c. Potatoes—No auo'atlons. Bv United Prees EAST BT. LOUIS. 111.. July 25.—Hogs— Receipts. 8.000: market, slow to 10@15c lower; bulk. 150-215 Iba., $9,500:9.60; most sow*. $7.4007.60. Cattle—Receipts. 700; calves, receipts 300; market, not enough steers on sale to make a market; vealers 25c higher at $lO, other classes steady; medium bulls. $5.50 down: cows, $3,750 4.50; low cutters. $2.2502.75. Sheep—Receipts. 800; market steady; bulk lambs, $8,504/8.75: a few to city butchers. $9; common throwouts, [email protected]; fat ewes. $2.5003.50. Bv Timre Special LOUISVILLE. July 25.—Hogs—Receipts, 600: market. 10c higher: 225 lbs. up. $8.90: 165-225 lbs.. $9.50; 130-165 Ibs.. $8.70: 130 lbs. down. $7: roughs. $6.50; stags. $5.80. Cattle—Receipts. 100; market, slow; prime heavy steers. $809: heavy shipping steers, $6,504*8: medium and plain steers, $5.50® 6.50: fat heifers. $4.50: good to choice cows. $405.25: medium to good cows. $3.25 04: cutters. $3 0 3.25: canners. $205: bulls, $3.5005; feeders. $607.50: Stockers. ss®B. Calves—Receipts, 200; market, steady; choice. $7.5008: medium to good. $6,500 7.50; common to medium. S4O 6. Sheep— Receipts. 500; market., steady; ewes and wether lambs. $8: buck lambs. $7; seconds. $404 50; clipped lambs. $2.500 3.50. Shipments: Cattle .none; calves, none; hogs, none: sheep. 472.

Net Changes

Bv United Preee NEW YORK. July 24.—closing prices and net changes on principal stocks traded on the New York Stock Exchange today were as follows: up. Off. American Can ISO Vi ... Vi American and Foreign Power 71% ... % American Telephone 215% ... 2’4 Atlantic Refining 39 2% ... Columbia Gas 63% ... 2 General Electrlo 71% ... IV* General Motors 45% ... Vi Loews Inc 73V* ... IV* Radio Corporation 44% ... I Radio-Keith 33% ... % Sinclair ••• i? Standard Oil of New Jersey 73% ... Vi Union Carbide 72 ... 3 United Corporation 33% ... % United States Steel 165% ... 1% Vanadium 99% ... 1% Westlnghouse Electric 144% ... Vi

Indianapolis Stocks

—July 25 Bid* Ask Amer Central Life Ins C 0.... 1,000 ... Belt R R & Yds Cos com 59Vi 63 Belt R R & S Yds Cos pfd 58 61 Bobbs-Merrlll Cos 30 33 % Central Ind Power Cos pfd 89 /* 94 Circle Theater Cos com 105 Vi ... Citizens Gas -j C .zens Gas pfd ......... 97 101 mmonwealth L Cos pfd 754.. 98 103 L Cos pf 8 94. 99 ... Hook Drug Cos com news 23 2;>% Ind Hotel Cos Clay pool com.. 125 ... Indiana Hotel Cos pref 100 104 Indiana Service Corp ores 88 ... Indianapolis Gas Cos common.. 57 61 Indpls North Western. •• Indpls Power &Lt pfd... 103 104/4 Indpls Pub Wey Loan As com 53 ... Indpls St Ry Cos pfd 10 U Indpls Water Cos pfd ...101 103 Northern Ind Pub 694 eo pfd. 99 101 Interstate Pub ?erv 7". ■••••103 104’/* Northern Ind Pub 7% co pfd.. 108 ... Metro Loan Cos Northern Ind P 5 ’,4% co pfd 92 98 Northern Ind Pub 654 co pfd 99% 101 Progress Laundry Cos c0m.... 44 47 S Rauh & Sons For Cos pfd... 47 Real Silk Hosiery M Inc ofd.. 6 Shareholders Investors Cos. ... 23 Standard iOI Cos of Ind 51 ... T H I & E pfd ............ 9 11 Terre Haute Trac L Cos pfd... 79 Union Title Cos c0mm0n........ 40 ... Van Camp Prod Cos Ist pfd. .. 98 Van Camp Prod Cos 2nd pfd. .. 98 BONDS Belt R R & Stock Cos bs 91 Broad Ripple 41 ... Central Indiana Gas Cos 55.... 9914 ... Central Ind Power Cos 6s 98V4 ... Citizens Gas Cos 5s 100 ... Citizens Street Railroad 55.... 42 43% Gary St Ry Ist 5s ... 65 Home TANARUS& T of -<’t Wayne 6s!101% ... Ind Northern Trac Cos ,314 6 Ind Ry & Light Cos 6s 95 Indiana Service Corpn 6s .... 88 Indpls Power & Light Cos 55..100 Indiana Union Trac Cc 6s 7 Indpls Col & Trac Cos 6s 93V* 99 Indianapolis Gas Cos 55......100 Indpls & Mart Rapid T Cos 5s 6 Indpls No Trac Cos 5s 12 15% Indpls North Western C 0.... ■. ... Indpls Street Rv 45.. 29 30% Indpls Trac Ter Cos Ss .811* 84% inapis Union Ry 6s 100% Indpls Water Cos 5%s 103% 104% Indpls Water Cos 5s ........ 99 ... 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 Is ... Interstate Pub Ser Oo 5s 98 Interstate Pub Serv 6%s .. 103 No Ind Pub Serv Cos 5s 101% No Ind Telephone Oo s 98% 100 T H Ind & East Trac Cos 5s 68 T H Trac Light "o 70 SALES 1.000 Indpls. St. Rwy. 4s at 29 1.000 Indpls C & S 6s at 92% 500 Indpls C & S 6s at 91% 1 Indpls P & L 5s at 100%

THE INDIANAPOLIS TIMES

CATTLE PRICES DOWN SHARPLY AT CITYYARDS Present Figures Are Lowest Seen in Years; Sheep Unchanged. July Bulk Too Receipts 18. $9.70010.00 SIO.OO 7.000 19. 9.25® 9.65 9.65 5,500 21. 9.350 9.65 9.65 3.000 22. 9.25® 9.65 9.65 4.000 23. 9.00 ® 9.35 9.3$ 4.500 24 9.300 9.60 9.65 4.000 25. 9.350 9.70 9 70 7.500 Drought conditions throughout the country are affecting every major market in livestock as well as the grain trades. In local trade slaughter class cattle are at the lowest prices seen here in many years. Lack of grazing facilities are being sharply felt by all animal raisers with the result that cattle are being offered at sacrifice prices. The packers are unable to accommodate the forced supply, not having facilities to take care of the fresh meat. Cattle receipts at the Union Stockyards this morning were 400. Vealers wer^"steady at $lO down, calf receipts numbering 600. Hogs were steady to 10 cents higher, the bulk, 160 to 250 pounds, selling for $9.35 to $9.70. Top price, $9.70. Receipts were estimated at 7,500; holdovers were 225. Sheep and lambs were steady; good and choice lambs making the market at $8 to $9. Top price paid was $9.50. Receipts were 1,200. Chicago hog receipts were 15,000, including 4,000 direct. Holdovers were 6,000. Today’s market opened slow, fully steady with Thursday’s average. Most early bids and a few sales of 160 to 200-pound weights going at $9.60 to $9.70; around 270pound weights, $9. Cattle receipts were 1,500; sheep, 10,000.

HOGS Receipts. 7,500; market, hlrher. —Light Lights—-(l4o-160) Good and choice ...$ 9.15® 9.25 —Light Weights—-(l6o-180) Good and choice 9.60@ 9.70 (180-200) Good and choice... 9.60® 9.70 —Medium Weights—-(2oo-220) Good and choice.... 9.35® 9.50 (220-500) Good and choice.... 9.350 9.50 —Heavy Weights—-(2so-290) Good and choice... 9.15® 9.25 (290-3501 Good and choice... 8.75® 9.16 —Packing Sows—-(27s-500) Medium and g00d... 7.00® 3.00 —Slaughter Pigs—-(loo-130) Good and choice 8.75® 9.00 CATTLE (Slaughter Classes) Receipts. 400; market, steady. —Steers—-(6oo-1100) Good and choice $ 8.00010.00 Common and medium 6.00® 8.00 (1100-1500) Good and choice 7.75@ 9.75 Medium 6.00® 7.75 —Hellers—-(sso-850) Good and choite [email protected] Common and medium 5.00@ 8.00 —Cows — Good and choice 5.75® 7.00 Comseon and medium 3.75® 5.75 Low cutter and cutters 2.000 3.75 —Bulls (Yearlings excluded!— Good and choice (beef) 5.50® 7.00 Cutter, common and medium. 3.50® 5.50 CALVES and VEALERS Receipts, 600: market, steady. Vealers (Milk Fed) Good and choice $ [email protected] 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 0 7.00 STOCKER AND FEEDER STEERS (500-6001 Good and choice 5.50® 7.25 Common and medium 4.00® 5.50 (800-1050) Good and choice 5.50® 7.25 Common and medium 4.50® 5.50 SHEEP AND LAMBS Receipts, 1,200; 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 B Chicago! r JuV 25.—Hogs—Receipts. 15.000. including 3,500 direct: opened steady on lightweights and packing sows, latter trade 104120 c lower, mostly on butchers: top. *9.75- bulk. 160-210-lb. weights. $9.50 ©9.70; light lights. 140-160 lbs., good and choice. *9.106:9.65: light weights, 160-200 lbs., good and choice. $9.25® 9.75; medium weights. 200-250 lbs., good and choice. SB.BO @9.65: heavy weights. 250-350 lbs., good and choice. [email protected]: packing sows. 275500 lbs., medium and good. [email protected]: slaughter pigs. 100-130 lbs., good and choice. *8.25®9.25. Cattle —Receipts. 1,500; calves. 2.000; weak: draggy trade on all classes, spots lower: slaughter cattle and vealers; steers, 600-900 lbs., good and choice. $94? 10.75: 900-1.100 lbs., good and choice. [email protected]: 1,100-1.300 lbs., good and choice. *8.50®;10.75: 1,300-1.500 lbs., good and choice, $8,254? 10.50: 600-1.300 lbs., common and medium, $5,254/8.50: heifers. 550-850 lbs., good and choice, *7.75® 10: common and medium. $4®8.50: cows, good and choice. ss® 7.50: common and medium, *3.50®5: low cutter and cutter cows. $2.50 @3.50: bulls, yearlings excluded, good and choice, beef. $6,254/7.50; cutter to medium. *[email protected]: veaelrs. milk fed. good and choice. *[email protected]: medium. $9.50® 10.50; cull and common. s6® 9.75: stocker and feeder cattle, steers, 500-1.050 lbs., good and choice. $7®7.75: common and medium. $4.75®7. Sheep—Receipts. 20.000: native lambs steady; sorted ewes and wether lambs to packers, $9 @9.25: bucks. $8®8.25; westerns not sold: best held above $9.75; sheep and feeders, unchanged: slaughter sheep and lam o3: lambs. 90 lbs. down, good and choice. [email protected]: medium. [email protected]: all weights, common. $5 @7.25: ewes. 90-150 lbs., medium to choice. *2.25@4: all weights, cull and common. $1 %2.75; feeding lambs. 50-75 lbs., good and choice. [email protected]. Bu United Press CLEVELAND. July 25.—Hogs—Receipts. 1.200: holdover, none: top, $lO on 160-210 lbs.. 220-250 lbs.. $9.65: 250-300 lbs., around $9.15: pigs. $9.50. Cattle—Receipts. 150: at standstill, common duality predominating in fresh and liberal holdover supplies: demand narrow: s3@4: low cutter and cutter cows steady. Calves—Receipts. 375: good to choice. $11@12: vealers. steady; few. $12.50; others draggy and weak. Sheep —Receipts. 300; steady; lambs around $8.50 @9: best auoted. *9.50: common kinds downward to *6.50: sheep, steady.

Bu United Press CINCINNATI. July 25.—Hogs—Receipts. 3.000: held over 470: steady to 5c higher: butchers scaling 170-210 lbs., mostly $9.80: some 240 lbs. downward to $9.40; weighty hogs very uneven: 260-300-lb. averages auotable *8.35@9 25: desirable 120-150 lbs., mostly $9.25; bulk sows. $7. Cattle Receipts. 350: calves. 200: slow; unreliable trade on steers and heifers at weak to full decline: cows weak; bulls draggy at $6 down: sales common and medium grass steer* and heifers. *[email protected]; sharp loads light weight heifers. $7.75; one load highly finished 1.520-lb. steers. $8; good and choice vealers steady at $8.50® 10; lower grades on catch-as-catch-can basis. Sheep —Receipts. 1,100: lambs, slow, steady to weak: spots 50c lower; demand narrow: Quality in general poor; good and choice lambs. *B@9: mostly *8.50: some medium grade and buck lambs. $6.50@7; common throwouts. *s® 6; inferior light kinds downward to *4 and below; sheep steady: good heavy ewes. [email protected]: light weights. *[email protected]; choice handy weights up to *4. | Bu United Pres* TOLEDO. July 25.—Hogs—Receipts. 200; market steady; heavies, $8.25®8.85; mediums. *[email protected]: Yorkers. 19.25®9.75: pie*. *9.25® 9.75. Cattle—Receips. light; market steady. Calves—Receipts, light; market stesaay. Sheep—Receipts, light; market, slow. Bu Un< ed Press EAST BUFFALO. July 25.—Hogs—Receipts. 1.900: holdovers. 100: most 210 lbs. down, steady: weightier butchers strong: desirable 210 lbs. down. *lo® 10.15: 220-250 lbs.. *9.60® 10: a few weightier butchers. *9®9.50; pigs, largely *10; packing sows steady at *7.50® 8. Cattle—Receipts. 200; market slow, steady: few common lightweight heifers. *5.25: odd lots fat cows. *4.75® 5.50; cutter grades, *2 50 ®4. Calyes —Receipts. 500: market. generally 50c lower; good to choice vealers. *llg 11.50: common to medium kinds. *[email protected]. Sheep —Receipts. 1.000: market, fat lambs. 25c lower: bulk better grades. **@9.25; common throwouts around *6 down; fat ewes. unchanged at *2.50@4.

I Buy and Sell

Indpls. Power & Light 6 Pfd. 415 LOCKE BLDG.

Cities Service Securities HENRY L. DOHERTY 6c CO. R. S. NORDYKE, Mgr., Local Office 1607 Merchants Bank Bldg. Phone LL 7566-7567

Dow-Jones Summary

LONDON.— New York cablet: opened at 4.66 21-32: Parts cuecks. 123.67 Amsterdam, 12.092; Italy. 92.885; Berlin, 20.382. Colorado Fuel and Iron June 30 profit. *324,895 before federal taxes, against *479.471 In 1929 quarter. Six months profit. *1,619,953 against *1,419,453. American Home Products Corporation declared reaular monthly dividend of 35 cents payable Sept. 2 record, Aug. 14. Maine Central June net Income, $64,747, after charges and taxes, against *401.504 in June. 1929. Six months, *588,588 against *7lB, 971 In like period, 1959. Endicott Johnson six months ended July 5. earned 31 cents a share on 209.180 common shares against 35 cents a share In June quarter. 1929. Six months 46 cents a share on 100.000 shares SIOO par 7 per cent preferred against $1.64 on preferred In first half of 1929. Citv Ice and Fuel Company six months ended June 30. profit $3,201,705 after Interest. but before depreciation and federal taxes, against *2.981.818 a year ago. Abbott Laboratories six months ended June 30 earned *2.12 a share on 120000 shares against $1.96 a share In like 1929 period. International Silver quarter ended June 30. net Ins* *154,661 after depreelaation, ete.. against net income of $168.148 In preceding auarter and $383,622 in June, 1929. auarter. Six months net income *13.483 against $652,442 in first half of 1929. Electric Power and Light Corporation total assets as of Dec. 31. last, *484.557,276 against $438,971,594 at end of 1928. The Council of the Rubber Growers’ Association and the majority of the representatives of Dutch and other continental rubber growers have agreed to the production restrictions proposed by the Anglo-Dot c.h committee it was officially announced at Amsterdam.

Commercial Investment Trust has arranged to finance organization of Westieghouse dealers and distributors covering Westlnghouse radio sales made on installment plan. Clarence G. Troup of Lamborn Hutchins & Cos. was elected president of Chicago Curb Exchange. Daily average of Federal Reserve bank credit in week ended July 23 was $977.700.000. a decrease of $37,000,000 In week and *361,000.00 in year. Total reserve bank credit outstanding $946,000,000 decrease of $54,000,000 in week. Money in circulation declined $40,000,000. member bank reserve balances $28,000,000 and Monetary gold stock *17.000,000. American Thread Company uear ended March 31. 1930. net profit $1,309,053 after Interest, depreciation, federal taxes and inventory adjustments against $1,710,941 in preceding year. United States Industrial Alcohol Company in six months ended June 3ft, earned $1.47 a share on 373,846 common shares, against $5.30 a share on 320.000 shares year ago. Pacific Gas and Electric applied to California Railroad commission for permission to sell $25,000,000 first refunding 4% per cent bonds. Third Avenue Railways. Westchester County subsidiary asked public service commission for 8-cent fare. United States Playing Card Company declared. regular quarterly dividend of $!. Payable Oct. 1, record Sept. 20. New York Dock Company auarter ended June 30. net income $192,376 after taxes and charges against $205,489 In June quarter. 1929. Erie Railroad In six months ended June 30 earned 9 cents a share on 160.000 shares 4 per cent second preferred against $2.36 a share on 1.511.167 common shares in first half 1929. New York Ontario and Western June net operating income $68,760 against $122,131 in June. 1929. Six months SBB,OBB against $73,788. Prices on new Buick motor eight line are lowest since war. ranging from $1,025 to $2,035. against prices on former six-cylin-der models of $1,260 to $2,070. General Railway Signal Company six months ended June 30 earned $3.03 a share on 357,500 common shares issued, including 29,500 shares purchased by company and held In treasury against $2.69 a share in first half 1929. June auarter earned $1.72 a common share against $1.93 in June quarter, 1929.

Average decrease of 2.8 per cent in cost of living during first six months show in bureau of labor statistics figures. Commonwealth & Southern Corporation in twelve months ended June 30. 1930. earned 69 cents a share on 34,011,010 common shares outstanding at end of period. Brokers' loans decreased $17,000,000 in week to $3,226,000,000, federal reserve system ratio at 83.2 against 82.0 week ago and 74.7 year ago. New York ratio at 87.4 against 85.2 and 70.3, respectively. No announcement on rediscount rate which remains 2% per cent. KOHLER VERDICT IS APPEALED BY STATE Moves to Set Aside Acquittal of Wisconsin Governor. Bu United Press SHEBOYGAN. Wis„ July 25. Attorneys for the state of Wisconsin today filed an appeal from the verdict of Judge Gustave Gehrz, who ruled last spring that Governor Walter J. Kohler was not guilty of making excessive expenditures in his gubernatorial campaign in 1928. The appeal was filed here with the clerk of the circuit court in which Governor Kohler was tried. If the case is to be heard at the August term of court, the records in the case must be filed with the supreme court in Madison by July 31. The nation’s vacation industry does a $3,000,000,000 a year business, as much as the iron and steel companies.

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

Newfon Todd

CORN STRENGTH HOLDS FUTURES MARKETHIGHER Dry Weather, Crop News Responsible for Heavy Buying Orders. Bv United Preee CHICAGO, July 25.—The strength in com and the active demand for winter wheat at the seaboard gave wheat a strong rally from the inside figures in the latter part of the session on the Board of Trade today and at the close prices had recovered to stand evenly steady. Little attention was paid to the reports of Russian export sales. Corn met severe profit-taking and some selling on the forecast for unsettled weather, which caused prices to ease slightly but rallied late to again show a strong gain. Oats followed corn and was firm. At the close wheat was Vic lower to %c higher, com was Tic to I*4c higher and oats was %c to Vic higher. Provisions were weak. Liverpool steadied somewhat near the close and at the last was Tic to %c lower. There were further sales of wheat overnight, but in moderate amounts with nothing definite in the way of figures. Cash prices were unchanged to Vic higher. Receipts were 574 cars. Thes dry weather and further reports of deterioration from the com belt sent that grain up sharply at the start and prices in all deliveries reached anew high on the movement. There was huge buying in small lots from the country. The forecast for unsettled weather in parts of the belt caused some profittaking and selling by locals, but at midsession the market still held fair gains. Cash prices were Vic higher. Receipts were 211 cars. Oats opened higher with com, but when that grain eased and wheat weakened the market >*old off and did not recover by midmorning. Trading was dull. Cash prices were unchanged. Receipts were sixty-four cars.

Chicago Grain Table —July 25 WHEAT— , „ Prew Open. High. Low. Close, close. July.. .88% .89 .87% .88% .88% Sept.. .90*i .91% .90% .91% .91% Dec... .96% .97% .96 .96% .97 Mar.. 1.01% 1.01% 100% 1.01% 1.01% Ju?y°? N TB4% .85% .84% .85% .84% Sept.. .84 .Ba% .83 . 84% .83 /* Dec... .78% .80% .77% .80 .78% Mar.. .82% .83% .81% .83% .82% JU?V .35% .35 .35% -34% Sept.. .17% .37% .36% .37% .37 Dec. . .40% .41% .40% .41'/, .40% Mar.. .43 .43% .43 .43% .43 RYE— July.. ... ... .54% Sept.. .56% .57% .58% .57% .56% Dec. .62% .63% .62 .63% .62% Mar.. .67 .68 .66% .68 .67% LARD — July. 9.65 9.65 9.62 9.65 9.70 Sept. 9.70 9.70 9.65 9.67 9.72 Oct.. 9.72 9.72 9.67 9.72 9.77 Dec. ... ... ... 9.27 9.32 BELLIES— July 13.25 13.47 Sept 12-70 12.70 Bu United Press CHICAGO. July 25.—Carlots: Wheat. 585; corn. 201; oats. 37. Bv United'Press CHICAGO, July 25.—Cash grain close: Wheat—No. 1 red. 89@89%c: No. 2 red. 88%@89<4c: No. 1 hard. 88%@89%c; No. 2 hard. 88%4?89%c. Corn—No. 2 mixed. 85c: No. 3 mixed. 84%c: No. 1 yellow. 85% @B6c: No. 2 yellow. 85%@86c: No. 3 yellow. 85@85%c: No. 4 yellow. 84%c; No. 5 yellow. 84c; No. 6 yellow, 83%c; No. 2 white, 88c: No. 2 white. 86%c: s ample grade, 78® 79c. Oats—No. 2 white. 36@ 36%c; No. 3 white. 34%@35%c. Rye None. Bariave—46®“s9c. Timothy—ss.2s @5.50. C10ver—[email protected]. Bu Tinited Press TOLEDO. July 25.—Grain close: Wheat —No. 2 red. 90%@91%e. Corn—No. 3 yellow. 92@93c. Oats—No. 2 white. 41%@ 43%c. Rye—No. 2. 75c. Barley—No. 2. 50c. Clover—Domestic, cash. $13.25: prime choice. $13.55: October. .814: December. $14.25. Alsike—Cash. $11.60: October. *11.50. Butter—Fancy creamery. 39@40c. Eggs—Country run. IB@2oc. Hay—Timothy, $1.25 cwt. B,u Times fipecinl CHICAGO. July 25.—Primary receipts: Wheat. 4.057.000 (rln- f . 5 04v doo’ 728.000 against 665.000: oats, 700,000 against 381.000. Shioments—Wheat. 1,6.1.000 against 2.147.00: corn. 255.00 against 574.000: oats. 209,000 against 217.000. plan”pistol tourney Arranged as Feature of Annual Police and Firemen’s Picnic. Featured on the program of the annual police and fire department picnic at Broad Ripple ark, Aug. 5 and 6, will be a pistol tournament under the direction of Arch Ball, pistol and ballistic expert of the police force. The two-day program will include many contests, and the police and fireman’s band will play daily. The field day and picnic is open to the public.

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Produce Markets

Een (Oountry Rnni—Lo off deUvero In Indianapolis. 18c: benrry cuafity. No. 1. 30c; No. 1. 13c. „ . ~ Poultry ibuyina price*—Hens, weiemps 4% lbs. or over. 17c: under 4% ibs.. 17o; Leghorn hens, lie: springers. 3% lbs. or over 31c: under 3% lbs.. lsc: Leghorn springers, 14c; o!d cocks. 945-0 c: duck*, full feathered fat white*. 9c: geese. Bc. These prices are for No. 1 too ouailtt auctcd bv Kina an As Cos. Buter (wholesale I —No. L 38039 c; No. i 360 5 7c. But.t#rfat—32c. Cheese i wholesale selling price pr pound)—American loaf. 31c: pimento /oaf. lie: Wisconsin firsts. 37c: Loanhorns. J4e: New York Llmberger. 36c. NEW YORK. July 35.—Flour—Steady and unchanged; spring patents. $5.1505.50. Pork—Dull: mess. *30.50. Lard—Firm: middle west spot. *10.15010.35. TallowDull: special to extra. 5%05%e nominal Potatoes—Steady; Long Island. *2@3 barrel: Southern. $103.86 barrel; Jersey. $1 50 0 2.50 basket. Sweet potatoes—Easy; Southern baskets. *103.35; Southern barrels. $3.5089 50. Dressed poultry—Steady to firm: turkeys. 20ft44c: chickens. lTfi36c: fowls, 14829 c: ducks. 12015 c: ducks. Long Island. 13018 c. Ltve pouitiy—Steady to firm: geese. 10012 c: ducks. 13®22c: fowls. 15 0 22c: turkeys. 20®25c: roosters. 15® 16c: broilers. 200 35c. Cheese—Dull: state whole milk, fancy to special. 25 i? 26c; young America. 17%®25c. CHICAGO. July 25.—Eggs— Market easy: receipts, 15,385 cases: extra firsts. 22® 22%c: firsts. 21 %e; current receipts. 19® 20%c: ordinaries. 17018 c: seconds. 14c. Butter—Market firm; receipts. 13.353 tubs: extras. 35%c; extra firsts. 34034%c: firsts. 32%®33 1 ic: seconds. 30®31%c: standards. 35%c. Poultry—Market, weak to firm: receipts. 1 car; fowls, 19%c: springers. 26c: Leghorns. 15c; duck*. 13®15c; geese. 16c: turkeys. 18c; roosters. 16c: broilers. 21c. Cheese —Twins. 16016%c: young Americas 17c. Potatoes—On track. 200: arrivals. 89; shipments. 379: market steady on sacked: slightly stronger on barrels; Kansas and Missouri sacked Irish cobblers. $1.4001.55; East Shore Virginia barrels Irish cobblers. $2.8503.

Bv United Preee CINCINNATI. July 25.—Butter, steady: creamery in tub lots, according to score. 33036 c: common score discounted, 2®3c: packing stock No. 1. 26c: No. 2,22 c; No. 3. 15c: butterfat. 31®33c. Eggs—Steady; casse. included; fresh gathered. 23c. firsts. 20c; seconds. 16c: nearby ungraded. 20c, Live poultry—Thin and coarse stock sells only at heavy discount: fowls. 5 lbs. and over. 17%c: 4 lbs. and ever. 16c: 3 lbs. and over. 15c; Leghorns. 3 lbs. and over. 13c: roosters. 12c; colored fryers over. 3 lbs., 25c: broilers, colored over 2 lbs.. 23c: broilers over 1% lbs, 22c: 1% lbs. and over. 18c: Leghcms and Orpington broilers over 1% lbs, 21c; 1% lbs. and over. 19c: broilers, partly feathered. 15018 c; black springers. 18c. ACCUSE DRY CRUSADER IN ‘WIFE THEFT’ CASE Baltimore Turfman Asks §250,000 for Alienation of Affections. Bv United Freer, NEW YORK July 25—An order of arrest was signed today for Raymond J. Funkhouser, leading prohibition crusader of Maryland, in connection with the $250,000 suit for alienation of affections brought against him by Jack L. Bogert, turfman, of Baltimore. Bogert charges Funkhouser toured Europe with Mrs. Bogert while she acted as governess to Funkhouser’s children, and that the couple previously had occupied adjoining rooms in a New York hotel. Funkhouser gave Mrs. Bogert a mink coat worth $3,500, Bogert charges, in adidtion to other furs valued at $4,500, and placed $5,000 to her credit in a bank. In 1928 there were 180,000 fullblooded Indians in the United States.

Buy All These Stocks $10 (or morc) Down $lO (or -ore) j^Sh Railroads Industrials Atcl... Top. A Santa Fe Am * r - R a ‘ or * H<ndard Sanitary Corp. Railway Company American Tobacco Cos. Canadian Pac. Ry. Cos. (Class B) Illinois Cent. R. R. Cos. dnPont <E. I.) deNemour* I.oui*. & Nash. R. R. Cos. * Company N. \\ Central R. B. Cos. Eastman Kodak Company Pennsylvania R. R. Cos. of Ne,v • ,erse y Southern Pacific Cos. General Electric Cos. Colon Pacific R. R. Cos. Ingersoll-Hand Company National Biscuit Cos. Oils Otis Elevator Company United Fruit Company Royal Dutch Company |j. S. Steel Corporation (New York Shares) VVestinghnuse El. * Msgr. Standard Oil Company Company of California Wool worth (F. IV.) Cos. Standard OH Company ...... (New Jersey) Utilities Standard Oil Company American Tel. & Tel. Cos. of New Y’ork Cons, tins Cos. of N. Y. Texas Corporation Western Union Tel. Cos. An Old Line Life Insurance Company Pays Balance of Contract If You Die J.F.WILB IN|||STMENT CO. 129 E. Market St. jpB P Phone Lincoln 6884

PAGE 15

CARDS DECIDE VOTECONTEST Plays Pitch With Friend fort Nomination. Bv United Prees HERKIMER, N. Y„ July 25. Uncle Dan Stroebel was telling his friends today about the hand that won him the Republican nomination for sheriff of Herkimer county in Thursday night’s game of pitch against his old friend Fred Sauer* “When I saw that hand,” Dan told the boys, “I knew I had Fred licked. I figured he couldn’t hava anything better than an ace. queen, jack, so I bid three, and when Fred said ’pitch,’ I slammed them down, one two three, and finished my 11 points. Where Fred made his big mistake was after we tied. He had three and I had three. Fred got too anxious and bid three all at once. He played his ace; I played low. Then he played his jack and I took it with my queen, Mid Fred went back to zero on that trick.” Fred's over-e igerness lost him one of the most interesting political battles in Herkimer county, but retained for him Dan's friendship, which caused the contest in the first place. Both had announced the sheriff’s job at the same time and in order not to become involved against each other in politics, decided to let the cards settle it, with 150 stalwarts of county republicanism looking on.

BOY, 15, KILLS SELF OVER SPURNED LOVB Dca pita ted Body Found on Tracks; Note Found by Police. B i/ United Frets VALLEY STREAM, L. 1., July 25. —A 15-year-old boy, whose decapitated body was found today on the trackfe of the Long Island railroad, near the Sunrise highway here, committed suicide because his girl did not love him, according to a note found by police. The note read: ‘Give my ring to Florence Elizabeth Phillips: give my bike and blouse to K. Bennett. Don’t let my parents see my body. Tell Florence I died because I could not have her.” The boy was Everett Davis, 15, Valley Stream. Find Secret Radio Stations Bv United Press PARIS, July 25.—Three secrefl radio stations were discovered by French government radio detectives Thursday engaged in clandestine reception of private radiograms from America and other countries In opposition to government stations.