Indianapolis Times, Volume 42, Number 70, Indianapolis, Marion County, 31 July 1930 — Page 14
PAGE 14
STOCKS RALLY AFTER INITIAL SELLING WAVE Trading Activity Drops as Bulls Turn Market; Steel Weak.
Average Stock Prices
Average of thirty Industrials (or Wednesday was 331.08. off 7.33. Average of twenty rails was 131.86. off .94. Averse* of twenty utilities was 85.79. off 3.03. Averse* of forty bonds was 96.98, up .01. Bu fnited Prrss NEW YORK. July 31.—Rallying tendencies developed on the Stock Exchange today near noon after another wave of selling had carried prices of representative stocks to new lows on the reaction. Trading was more active than Wednesday at the opening and for a time in early dealings, but late in the morning selling was abating and volume fell off again. Several issues were hard hit. The principal loser was Consolidated Gas, which broke 3ft to 105 ft on announcement of a move by the public service commission to reduce electricity rates in New York City. Gas Comes Back Consolidated owns all the capital stock of United Electric Light and Power Company and New York Edison and the majority of stock of Brooklyn Edison Company. The company and its subsidiaries supply all gas, electric power and light throughout New York city and surrounding terirtory. Gas came back to above 106 near noon and other utilities followed. American Telephone, which touched 209 ft. came back to 210 ft, off ft; Electric Power and Ligljfc, from 69ft to 69ft, off ft; North American from 97 to 98, off Ift, and Public Service, from 90 ] i to 91, off Ift. Steel Declines United States Steel declined to 163 ft in the early trading, anew low on the move and a decline of a point from the previous close. Around noon it was 164 ft. General Electric rallied to 69ft, up ft. from 68%; Radio from 40ft to 41st, off ft; Westinghouse Electric to 143 ft, up ft net from 140 ft; General Motors to 45ft, up ft, from 44ft, and Vanadium to 97, up ft, from 95ft. Gillette Safety Razor was a feature of strength even when the list was turning downward. The stock rose from 84ft to 86ft, where it was up 3ft points above the previous close. Commodities also improved. Wheat and com gained more than a cent a bushel while which had touched new seasonal lows in the early trading, turned upward toward noon but was still below the previous close. Money Easy Call money held at 2 per cent on the Stock Exchange and was lending as low as Ift per cent in the outside market. This was taken to mean the half-billion dollar turnover at the month-end was not making deep inroads into the money market. A favorable factor in' the business situation was a Duluth dispatch to Dow, Jones & Cos. telling of greatly improved business conditions in the northwest. According to the dispatch, the Minnesota Steel Company plant has begun operating nearly full time for the first time in months. About 400 men have been put to work and operations resumed at about 75 per cent of capacity. The Iron Age today reported the steel industry as a whole at 56 per cent of capacity last week.
Banks and Exchange
INDIANAPOLIS STATEMENT Indianapolis bank clearings Thursday. July 31. were $3,325,000; debits. *6.611.000. Clearings for the month. *103,363,000; debits for the month. *195,448.000. CHICAGO STATEMENT Bn United Press CHICAGO. July 31.—Bank clearings $71,000,000: balances *4.100.000. NEW YORK STATEMENT Bn United Press NEW YORK, July 31.—Bank clearings $1,068,000,000; clearing house balance. *137.000.000; federal reserve nank credit balance, 8117,000.000. TREASURY STATEMENT Bu United Press WASHINGTON. July 31.—The treasury net balanWftm July 2* was $193,080,062.50; expenditures for the same day were *5.849.911 28. and customs receipts for the month to that date were 824.182.846.15. Chicago Grain Table —July 31WHEAT— Prev. High. Low. 11:00 close. July 84ft .83\ .84ft ,83ft SeDtember ... ,86ft 85ft ,86ft .85ft December ... .92 .91' .91st ,90ft March 96ft ,95' ,96ft .95ft CORN— • Julv 86ft .86’* ,86ft .85ft September ... ,86ft .85'* .85'* .84ft December ... 80ft .79'* ,79ft ,79ft March 82ft ,83ft .82'* ,81st OATS— Julv 32ft .32ft .32'* .32% September .35'* .34** .35 .35 December . .. 39ft 38ft .39 .58ft March ... .40ft .40ft RYEJuly .50*4 September ... .S3 5 * ,53ft .53'* .52ft December ... .54'* .54'* J4' .58ft LARD— Julv 9.80 September 9.85 9.82 December 9.42 9.40 Bu United Press CHICAGO. Julv 31.—Carlots: Wheat. 3*l; corn. 109; oats. 118. B’> United Press TOLEDO. Julv 31.—Grain close: WheatNo. 2 red. 86fte87'*c. Com—No 3 vellow. 94',795>*c. Oatfr—No. 3 white. 38 * S9'*c. Rve— No. 2. 72c. Bariev—No. 2. 53c. Clover—Domestic cash. *13.50: prime choice. *l3 80: October. YI4.SS: December. *l4 60. Alsike—Cash. *ll 80: October. 812: December. *l2 25. Butter—Fancv. creamerv 418 42c Eggs—Country run. 18(5 20c. Hat—Tlmothv. *1.25 per cwt. RAIL PURCHASE PENDING R. & O. Is Negotiating Acquisition of Chicago & Alton Line. Bu United Press NEW YORK. July 31—Negotiations for the acquisition of Chicago & Alton railroad by the Baltimore <k Ohio railroad are under way. but no agreement has been reached yet. according to George M. Shriver. senior vice-president of the Baltimore dr Ohio.
Thomson & McKinnon INDIANAPOLIS CHICAGO NEW TORK MEMBERS New Terfc Mock Exchange Chicago Stork Exchange Now Tork Cottoa Exchange Chicago Board of Trad* Now Tork Cork Assoclatior Rooms 200-214 Circle Tower Telephone Lincoln SMI
New York Stocks ■' -'~ iB Tbomsop A McKinnon'
-July 31— Prev. Roilroads— Hih. Low. 11:30. elo*. Atcbuon Atl Coast Line I*B Bill & Ohio.. ..108ft 103 ft 103 ft 106*. Ches* * Ohio. .199 194 _ 184 1994. Ches Com W *3 Chi Ort West 10ft 10ft Chi N West 47 C R I 8e P • ••„ }o3ft Del LA W 113 ft 114 ft Del A Hudson ... 159 ft ... Erie 41% 41 Vs 41’4 41st Erie Ist pfd 88% Gulf Mob Apil ... 31st Illinois Central 119 il7ft iis 119 ft Lou A Nash 133 131 123 123 M K& T 39ft 39 39 39ft Mo Pacific .. 68 67 67 ... Mo Pacific pfd.. . . . 132 123 ft N V Central.... 163 12’4 162 Va. 183 Nickel Plate 107 107 ft NY NH A H 105 ft Pennsylvania ... 75ft 75ft 75ft 75ft So Pacific 118 117 118 117 ft Southern Rv 86’,85ft St Paul 14 13ft 13ft 14ft St Paul pfd 23 21st 31st 23 ft St L & S F . 88 Union Pacific ... 215% 215 ft Wabash 32 W Maryland 24 23ft 23ft 23ft Equipments— Am Car Sc Fdy 39ft 49ft Am Steel Fd 39 Va Am Air Brake S . .... ... Gen Am Tank... 88 85ft 88 86 General Elec" .. 69ft 68ft 69ft 69ft Gen Rv Siena! 77*a 78 ft Lima toco , 24 Press Stl Car 7ft 7ft Pullman ■ ■ . “i \ Westlneh Ar 8.. .. ... 37ft 38 Westjneh Elec ..143ft i*oft 142 ft 142 ft Rubbers— Firestone 20Va ... *i|r ... ... _ 2*4 Goodrich 27 M% 26*a 27ft Goodyear 63 62 . 62 62 Kelly Sprefld 3ft 3ft U 8 Rubber 21st 21st Motors— , ~, Auburn _• l|oft 122 Chrvsler 29 28ft 29 29 Gardner .. .. ... 2ft ... Graham Paisre.. Bft sft sft 6 General Motors.. 45ft 44’ 45 45.s Hudson 32ft 32ft 32ft 33 Ma?E :::::::::: " ss% sew Marmon 13ft lift 12 13 Nash 35 v Packard 14*, 14ft 14ft 14ft Reo ft 9Va Studebaker • 3 J, Yellow Truck 24ft 24ft 24ft 24ft Motor Access— .... Am Bosch 33 a 33 a Bendix Aviation 31st 31st 31st 32 * Bore Warner 28ft 28* 28ft 29. Briggs 22ft 31st , J2ft 22 • Eaton 23ft 23 ft El Storage B ... 65ft ... Haves Body .... <*• 7ft 7ft 7 * Houda Motor Wheel ■ ■ . ... 24ft Sparks W 21st 21st 21st 22ft Stewart Warner 26 Timken Roll 64 64ft Am Metals 3 i' Am Zinc 9ft 10 Anaconda Cop.. 50 49ft 49ft 49 2 Cal & Hecla 151* Cal Sc Arlr. . ... 54ft ... Cerro de Pasco.. Sift 50'a 50ft 51 4 Freeport Texas 43ft ,43ft Granbv Coro 23 2 24 a Great Nor Ore -=1 Howe Sound.... • ••• , Int Nickel 23ft 23ft 23 ft 23ft Inspiration 18 s 1® Kennecott Coo ... ••• fa Miami Copper... 16ft 16ft ]” ? }5.? Nev Cons .. J®’ 7 * Texas Gu! Sul.. 58 57ft 58 58 U S Smelt 20 Oils— Am Republic Atl Refining • 3 ®'a 3 *- Barnsdall 23 22ft 23 23 Houston 82ft 81st 82ft *4ft Ind Oil 22 Indian Refining. 12ft 12 12 ... Lago Oil 29 Mex Sbd 22 21st 22 22 ft Mid Conti 23ft 231a Pan-Amer iBl . ..., ... 58ft ... Phillips 32ft 32ft 32ft 33 Pure Oil 21st 21st Richfield 17ft 17 17 17ft Royal Dutch • 51st 51st Shell Un 19 18ft 18ft 19 Simms Pt 20ft 20ft 20 ft ... Sinclair 23ft 23ft 23ft 23ft Skellv 29 Va Stand of Cal ... 62ft 62ft 62'i 62 Stand of N J.... 71T 70ft 71st 72 Stand of N Y „ 32 32 Texas Cos 52ft 52% 52ft 52ft Union Oil 41 41 Am'RoHlUlla 53V 52ft 52ft 53ft Bethlehem 811* 80ft 80ft *oft Bvers A M 69 68ft 69 68ft Colo Fuel 51st 50 51st 50 ft Cruc Steel 77% 77ft 77ft ... Ludlum 26 25ft 25ft 26ft Repub I& S 44ft 44 44 45 U S Steel 164 ft 163 ft 16* 164 ft Vanadium 97 95% 97 96ft Youngst S Sc T 112 115 Tobaccos— - Am Sumatra ... 10ft Am Tob (81....242 241% 241% 241st General Cigar.. .. .. ... . 44ft Lig A Myers tBl 93 ft 92% 92 2 93 ft Lorillard 32ft 23% 22ft 22 Reynolds Tob 50ft 49ft 50 50ft Tob Pr A 12ft United 6% rtiliUes— • J 6 Adams Exp 26ft 26ft 26ft 26% Am For Pwr.... 73ft 72 73J4 73 Am Pwr Sc Li.... 87ft 87 87’ AT&T 211 209 ft 211 211 Col Gas & E 1.;.. 63 61st 61st 62ft Com & 50u,... 14ft 14 14 14 * El Pwr & Li.... 71st 69ft 70 70ft Gen Gas A .. ... 9ft 9ft Int! TANARUS& T 45;4 45ft 45ft 45ft Natl Pwr & Li.. 46ft 44ft 46ft 45ft No Amer C 0.... 99 97ft 97ft 99ft Pac Gas &El 57 ft 57 < Pub Ser N J.... 93 91*/a 91st 93ft So Cal Edison.. ... ... 56ft 56ft Std G& El 97ft 96ft 96ft 96ft United Corp .... 33% 32ft 33 33ft Ut Pwr & L A ,34 W r est Union ..169ft 169 169 ft 168 Am Inti Corp... 33ft 33ft 33’i 34 Inti Mer M pfd.. 20 s . 20ft 20ft ... United Fruit 89ft Am°S < ugar .... 53ft 53ft 53ft ... Armour A * Beechnut Pkg 55 55 * Cal Pkg ... -a,,, ft,., 63 Childs Cos 53ft 53ft 53'* .. Coca Cola 178 176 ft 176 ft 177 ft ConTßaking A.. 23ft 23% 23% 23ft Corn Prod 93ft 93ft 93 1 94 Cudahv Pkg • • • 39 -
On Commission Row
FRUITS Apples—Basket: Winesap. *3.25: •Ben Davis $2. Boxes: Stayman. $3.75@4. Wtaesap. *3® 3.50. Barrels: Ben Davis. *5.50: Winesap. *[email protected]: new. Yellow Transparents. *203 a bushel. Apricots— Calilornia Royal. [email protected] a ‘Vleions— Cantaloupes. California 'standards. $3 25® 5 a crate: Ponies. *2.50@ 4 50. Jumbo. $4.25®5.50: Hone- Dew [email protected] a crate. Watermelons. 34-lb. average. 60 Ü Blackberries—Michigan. $5.50 a 24-quart "cherries—California. 8-lb. box, $3; Michigan. 24-quart crate, $3.75@4. Currants —Michigan, $2.50 s 16-quart "Dewberries—North Carolina. $6 s 32Gooseberries—Michigan. $3.75 a 16-quart grapefruit—lmperial vai'ey. [email protected] * Huckleberries—sß a 24-quart crate Lemons—Fancy California. |7.50@8 a "Limes—Dominican. $2.50 lOO. Peaches—Georgia. $2 a one-half-bushel basket: 6-basket crate. *[email protected]. Oranges—California Valencia. *6.75® 8.75 a crate. Pineapples—Cuban. *4 @4.75 crate. Plums—California. $202.50 a 24-lb crate. Raspberries—Red California. $4.50 @6 a 24-pint crate: Mack, [email protected].
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. Cabbage—Home-grown new. $1.75fi3.50 b *Carrots—Louisiana. *1.50 a bushel: Indiana. 35c a dozen bunches: California. s3 Cauliflo C wer—Home-grown. 81.5003.25 a bushel. _ .... Celerv—California. *8 a crate of 48; Michigan. *1.50: Florida washed, *1.25® 2.25 a bunch. Corn—Roasting ears. Alabama. $2®2.25 a 5-dozen crate: Marion county. 35040 c a dozen. „ Cucumbers—Home-grown, hothouse. 65® 90c a dozen. . . , Kale—Home-grown. 75e 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. S3 Onions—Green, home-grown. 30c a dozen bunches: new Texae yellow Bermuda. *2 a crate: Crystal Wax. *2.56: Colorado Spanish. *1.75. Parslev—Southern. 65®75c a dozen bunches . Peas—Telephone, home-grown. 52.25@ 2.50 a bushel. Peppers— Mississippi, *2®2.50 a hamper Radishes— Hothouse, button. 40c a dozen bunches: ions red or white. 3Cc. Rhubarb— Homelgrown. 35c a dozen. Spinach—Home-grown. 85c a bushel Tomatoes—Tennessee. 30-lb lue. *2: Marion county hothouse. 81 25 a 10-Ib. basket Turnips—New, *1.50 a oushel; Marlon countv. 45c a dozqw bunches. Potatoes—Main Round Whites. *2.75 a 120-lb. bag: Colorado Russet. $4.75?5.25 a 100-lb- bag; Red River Early Ohio. 84.
Gen Foods S4 52ft S3 54 ft Grand Union 14ft 55 Heraev 94ft ... Kroger 25ft 25ft Nat Biscuit 84ft 84 U 84 84% Plllsbury ... ••• 32 Safeway St 81H 59ft 61% Std Brands 20ft 20ft 20ft 20ft CotTfST 21st 21st Lambert Cos 89 ft 30 Lehn A Fink 29ft 29% Industrials— .... Am Radiator.... 28-* 26ft 26ft 26% Bush Term 36 Gen Asphalt ... Otis Kiev ‘ ®5 66 Allied Chem ~..262 259 ft 26J 259 ft Com Bolv 25ft 25* 25% 25-i K&n Carb x 73 71st 72ft 71st U S Ind Alco..J 64 62ft 64 62*4 33ft 334* ■** •* US May D Store ••• 42ft 42ft Mont Ward .... 35ft 3oiq 35ft 35 4 Schulte Ret St.. .. 6ft Sear: Roe €6ft 64]# 64ft 64ft Woolworth 60ft 59w 59ft 59ft Amusements— Bruns Balke ... 16ft 16ft 16ft 16, Col Graph 17ft 17 17ft 17ft Crosley Radio .... ... ... Eastman Kod ..207 205 ft 206 105 ft Fox Film A 45 ft 44 ft 45 ft 45ft Grigsby Gru ... 13ft 13ft lift 14 Loews Inc 72 ft 68ft 89 ft 70 ft Param Fam .... 58ft 57ft -68 ft 58* Radio Corp .... 42ft 41st 42ft 41st R-K-O 31 ft 30ft 31st 31st Schubert ... ...., 17ft Warner Bros ... 36ft 39ft 36' 4 36ft Miscellaneous— Airway App .... 18 17V5s 17ft 18 City Ice & Fu 42 Cottfcoleum 12'. a 12 ft Am Can 129 ft 127 ft 128’. 129 ft Cont Can ... 59ft 60ft Curtisa Wr 7ft 7ft 7ft 7ft Gillette SR .... 85ft 84 ft 85ft 83 ft Real Silk 44 U S Leather A 18ft
REPORTISSUED BY _REAL SILK Statement Shows Increase in Six Months’ Earnings. Operations of the Real Silk Hosiery Mills, Inc., for the six months’ period ending June 30, 1930, resulted in a profit of $600,619, after depreciation and other charges, but before federal tax. This figure exceeds the earnings for any corresponding period since 1925, with the exception of the six months ending June 30, 1929, when earnings were $1,041,000 after all charges, except federal tax. j Porter M. Farrel, president of the Real Silk Hosiery Mills, Inc., in issuing the earnings, made the following explanatory statement: “While our sales have shown an increase each month and our plants have run to capacity both day and night during the entire period, our profits were not as large, due, primarily, to the reduction in selling prices in order to meet the market condition and to the higher price of raw silk which was used during the period for which it had been purchased.” RULES AGAINST FORDS IN ESTATE QUARREL Master Urges SIO,OOO Damages for Diversion of Water. Bu United Press CAMBRIDGE, Mass., July 31. A finding aga*nst Henry Ford, his wife, and Earl J. Boyer, superintendent of the motor car manufacturer’s Wayside Inn property in South Sudbury, has been reported by Attorney Arthur P. Hardy of Boston, who sat as master in a suit for damages brought by Joseph L. Sturtevant, whose South Sudbury estate is surrounded by that of the Fords. Sturtevant complained that the Fords injured his property by erecting dams which greatly reduced the flow of a brook ’vhich courses through it. Hardy found that the damming of Carding mill pond by the Fords was ‘unreasonable.” Approximately 194,000 gallons of water was lost from the forty-two-acre pond through evaporation daily while it was dammed, and this greatly diminished the amount of water flowing through the Sturtevant estate, the master reported. He thought 'that Sturtevant should be given SIO,OOO damages. Attorneys for the automobile manufacturer claimed that the dfftns were erected to provide water power for a grist mill connected with Ford’s trade school for boys in South Sudbury.
In the Stock Market
Bu T J nit*>d Prfßß NEW YORK, July 31. Prices moved irregularly in a narrow range at the opening on the New York Stock Exchange today with trading quiet. The majority of prices showed fractional declines from the previous close. Westinghouse Electric opened 142 ft, off ft: Warner Brothers Pictures 36ft, off ft; Standard Gas 96ft, off ft; Vanadium 96ft, off ft, and American Telephone 210 ft, off ft. United States Steel firmed up ft to 164 ft on 1,200 shares and Bethlehem Steel spurted to Ift to 81st on 3,000 shares. Bethlehem will issue its report for the second quarter after the close today. Other gainers included General Electric at 69ft, up ft; Atlantic Refining 36ft, up ft; American & Foreign Power 73ft, up ft; Lorillard 22ft, up ft; Atchison 215 ft, up ft; Southern Railway 86ft, up ft. arid Woolu'orth 59ft, up ft. General Motors opened on a block of 5,000 shares at 45, off ft, and Chrysler lost ft to 28%. Amusements were fractionally lower. Utilities ruled firm, oils mixed in a narrow range and rails firmer. After the openir-r a firmer tendency was noted a few minutes, but the support it not of sufficient volume to 1 ec prices up and marked irregularities set in again. Trading was relatively quiet, slightly above that of yesterday
Retail Coal PricSs
Coke, nut size 88. <5 Coke, egg size 9.25 Indiana forked lump 4. 5@ 5.75 Indiana eee 5 25 Indiana mine run 4.7a@ 5.90 Pocahontas shoveled lump ... 8.25 Pocahontas forked lump 9.5 Pocahontas mine run 7.25 New River Smokeless shvld. Ip. 8.25 New R:ver Smokies* fkd. 1p... 9.25 New River Smokeless mine run 7.25 Anthracite 16.75
New York Bank Stocks
—Julv 30Bid. Ask. America 96 98 Bank of United States o'j 4 7 Bankers 139 140 Brooklyn Trust 102 712 Central Kanover 340 343 Chase National „..138*3 139' 3 Chatham Phoenix National.... 105 .07 Chemical M'i ,5? Citv National 131 133 Corn Exchange Wf 133 Commercial 375 390 Empire . 1 * 4 Guaranty *l2 *ls Chelsea < W U i t A
THE INDIANAPOLIS TIMES
PORKER PRICES DOWN 5 CENTS ' ATCITYYARDS Slaughter Class Cattle Are Active and Stronger; Veals Up. July -Built Top Receipts 23. 9.004! a.35 V 9.35 4.a00 24. 9.300 9.60 9.65 4.000 25 9 3icP 9.7 ft 9.70 7.500 26. 9.000 9.50 9.50 2.500 30. 9.25® 9.65 9.65* 6.000 31. 9.20® 9.60 , 9.60 6,500 Slight weakness carried hpg prices down 5 cents this morniag at the Union Stockyards. The bulk, 160 to 260. pounds, selling at $9.20 to $9.60Top price was represented by the $9.60 figure. Receipts . were estimated at 6,500, holdovers were 454. Slaughter classes were active sxid strong to 25 cents higher in the cattle market. Receipts were 700. Vealers sold 50 cents higher at $lO down. Calf receipts were 600. Sheep were steady to strong with receipts of I,lo*\ Good and choice lambs brought. $3 to $9. Chicago hog receipts were 20,000, including 5,000 direct. Holdovers were 3,000. The market held very slow with most asking fully steady with Wednesday’s prices. Scattered early bids on lightweights were weak to 10 cents lower; 170 to 190-pound weights were $9.70 to $9.75; no early bids on butchers or packing sows. Cattle receipts were 5,000, sheep 9,000.
HOGS Rereipts, 6,500; market, lower. —Light Lights—-(Mo-160) Good and choice....s 9.15(8 9.3a —Light Weights—-(l6o-180! Good and choice .. 9.60 (180-200) Good and choice .... 9.60 —Medium Weights— „ _ (200-220) Good and choice 9.40® 9.50 (220-500) Good and choice.... 9.20® 9.40' —Heavy Weights— „ „„ (250-290) Good and choice 9.00® 9.20 (290-350) Good and choice.... 8.75(8 9.00 —Packing Sows—-(27s-500) Medium and g00d... 7.00® 8.00 —Slaughter Pigs—-(loo-130) Good and choice 8.75@ 9.10 CATTLE (Slaughter Classes) Receipts .700: market, steady. —Steers—-(6oo-1100) Good and choice $ 8.00010.00 Common and medium 6.00(8 8.00 (1100-1500) Good and choice 7.75® 9.75 Meduim 6.00® 7.7a —Heifers—-(sso-850) Good and choice [email protected] Common and medium 5.00® 8.00 —Cows— Good and choice 5.75(8 7.00.. Common and medium 3.75® 5./a Low cutter and cutters 2.00® 3.75 —Balls (Yearlings excluded)— Good and choice beef) 5 -§9§ 7-99 Cutter, common and medium. 3.50® 5.50 CALVES and VEALERS Receipts. 600; market, higher, i Vealers (Milk Fed) Good and choice $ 9 [email protected] Medium 7.50® 9.50 Cull and common 5.00® 7.50 Calves (250-500) „ Good and choice 2-99^ Common and medium 5.00(8 7.00 STOCKER AND FEEDER STEERS (500-600) „ Good and choice 5-29S 212 Common and medium 4.00® 5.50 (800-1050) Good and choice 5-29^ Common and medium 4.50® 5.00 “ SHEEP AND LAMBS Receipts. 1,100; market, steady. —Lambs— Good and choice 2*22 Common and medium 4.00(a) 8.00 —Ewes— Medium and choice J.OOg 3.50 Cull and common 1.00(g) 2.00
Other Livestock Bu United Press ‘ CHICAGO. Julv 31.—Hogs—Receipts. 20.000. including 5.000 direct: market uneven; 150-230-lbs. weights. 15@25c lower: heavier weights 10@15c off; packing sows steadv to 10c lower; top, $9.65: light lights. 140-160 lbs., good and choice, [email protected]: light weights. 160-200 lbs., good and choice [email protected]; medium weights. 200250 lbs., good and choice, [email protected]: heavy weights. 250-350 lbs., good ana choice. $8.35®9.20; packing sows. 275-500 lbs., medium and good, *7@B; slaughter nigs, 300-130 lbs., good and choice. $8.25® 9.35. Cattle—Receipts. 5,000; calves 2,000; generally market looks rather top-heavy, although most sales are strong to a shade higher: top. $11.15, paid for 1.24fi-!b. weights: slaughter cattle and • vealers, steers. 600-900 lbs., good and choice. s.2a ®11.25: 900-1,100 lbs., good and choice. [email protected]: 1.100-1,300 lbs., good and choice. $9.25011.25; 1.300-1.500 lbs., good and choice, s9@ll: 600-1,300 lbs., common to medium. $5.750 9.50; heifers, 550-850 lbs., good and choice. $8.50@>10.25; common and medium, $4.75@9: cow's, good,.and choice. [email protected]: common and medium. *3.75® 5.50: low cutter and cutter cows. $2.9C@4; balls, vearlings excluded), good and choice, beef. $6.50®7.25: cutter to medium. ss® 7.25: vealers. milk fed. good and choice, $9.5&@U.50; medium. [email protected]; cull and common. [email protected]: stocker and feeder cattle. steers. 500-1.050 lbs., good and choice, $7®7.75: common and medium. $4.70@7. Sheep—Receipts. 9,000: lambs strong to 25c higher: light sorts considered; native ewes and wether lambs mostly $8.75@9: top. $9.15: few rangers. $9: best held higher; sheep steady; slaughter sheep and lambs, lambs 90 lbs. down, good and choice. $8.25 @9.25: medium. [email protected]: all weights, common, [email protected]; ewes, 90-150 lbs., medium to choice. $2.25@4; all weights, cull and common. $102.75; feeding lambs. 50-75 lbs., good and choice. $6.2506.75. Bu United Press CINCINNATI. July 31.—Hogs—Receipts, 4,047. Including 1.297 direct; heldover 120; slow; mostly 20(ft5c lower on 170 lbs. up; lighter weights, packing sows generally steady; most better grade 170-210 lbs.. [email protected]: 230-lb. weights downward to $9.25: some 260-300 lbs.. $8.50@9: desirable 120-150 lbs.. $9.25; sows. $6.75@7; plainer kinds down to $6.50 or below. Cat-tle-Receipts. 400: calves. 300; supply light; demand improved for most classes at generally strong spots 25c or morehigher prices except on very common and weighty heifers: low’er grade grass steers ana heifers mostly [email protected]; most cows. $4.500 5.50; low cutters and cutter cows, $2.500.3.50; best weighty bulls. $6: good and choice vealers 50c higher at [email protected]; lower grades strong, $50:7.50. Sheep—Receipts. 1.400; better grade lambs strong to mostly 50c higher; bulk, [email protected]; lower grades steady; medium and buck lambs, $6 ® 6.50; common throw-outs. [email protected]; sheep steady: fat ewes. [email protected]; choice* upward to *4.
Bu United Press FT. WAYNE. Ind., July 31.—Hogs—MArket steady to 10c off; 90-130 lbs.. SB.Mb; 130-150 lbs.. $9.15: 150-170 lbs.. $9.40; 170190 lbs., $9.60; 190-210 lbs.. $9.50; 210-230 lbs.. $9.30: 230-250 lbs.. $9.10; 250-270 lbs.. $8.85: 270-300 lbs.. $8.75: 300-325 lbs.. $8.50; 325-350 lbs., $8.25: roughs. $7; stags. $3. Calves—9.so. Lambs—s7.so. Bu Times Snecial LOUISVILLE. July 31—Hogs—Receipts. 600; market steady to 20c lower: 225 lbs. up. $8.85: 165-225 lbs.. $9.50; 130-165 lbs.. $8.65; 130 lbs. down, $6.95; roughs. $6.35; stags. $5.75. Cattle—Receipts, 200; market steady: prime heavy steers, $855 9: heavy shipping steers. $6.5068; medium and jJlaln steers. *5.506 6.50: fat heifers, $4.50 fr 8.50: good to choice cows. $465.50: meium to good cows, $3.50®4; cutters. $3.25 5x3.50; canners., *263: bulls. $3.50<a5.50; feeders. $66 7.50; stockers. $566. Calves— Receipts. 200; market. $1 higher on tops; others steady; choice. $768; medium to good, $5.50(6 6.50; common to medium. $3 (65. Sheep—Receipts. 800; market steady; ewe and wether lambs, $8; buck lambs. $7; seconds. $455 4.50: clipped lambs. $2,506 3.50. Wednesday's shipments: Cattle. 66; calves. 158: hogs, 157; sheep, 979. Bu United Press . PITTSBURGH. July 3F.—Hogs Receipts. 1.000; 10(520c higher: sows steady; 150-220 lbs.. $10(510.30: 120-250 lbs.. $9.50 <510; 250-310 lbs., $9x9.35; good sows, $7.2567.50: bulk pigs. $9.50. Cattle None, nominal. Calves —Receipts. 50; better grade vealers. strong; others, steady; choice vealers, $9,506:10; medium to good. $6.5069. Sheep—Receipts, 500; lambs, steady to strong: choice lambs. $9; medium to good. $6/38. Bu United Press EAST BUFFALO N. Y.. July 31.—Hogs— Receipts. 800; holdovers 200; weights below 200 lbs. fairly active, steady; others slow; bulk 200 lbs. down! $10.25: 220-250 lbs. quoted $9.2569.75; packing sows. $7.50 <8 7.75. Cattle—Receipts. 125; cow trade at standstill: virtually none sold. Calves— Receipts. 200; vealers closing strong to 50c higher; good to choice. $11: some held $11.50. Sheep—Receipts. 1.600; lamb Duality improved, market fully steady: sorted natives $9.50: medium and nutted offerings $869; throwc-uts around $6. EAST ST. LOUIS. HI.. July 31.—Hogs— Receipts. 11.000: market. 20625 c lower: slow at decline: bulk. 150-210 lbs.. $9,356 9.50: top. $9.55; 225-250 lbs.. $969.25; sows. $7.1067.35. Cattle—Receipts. 2.000. Calves—Receipts. I.OOOr market, native steers slow: Westerns, steady; heifers, aiso steady; medium bulls, low cutters and vealers, 35c higher: top sausage bulls. $6: vealers. $10.25. Sheep—Receipts. 2.000; market, fat lambs steady to strong: bulk, $86*.25: some held higher; throwouts. $4; fat ewes. $2.5063.50. CLEVELAND. July 31.—Hogs—Receipts. 900: holdover, none, steady: 160-210 lbs., mostly $lO : 220-260 lbs., sorts. $9.65: most 250-300 lbs.. $9..'56 9.50. Cattle—Receipts. 100- around steady; low to common light sters. $6.25: low cutter cows around *36 3.50. Calves—Receipts, 250: active forced market to small Hillers. 50c in spots. SI higher: choice considered, cood to choice vealers. upward to $13613.50: meduim kinds. $9311. Sheep—Receipts 500; better grade lambs, active, fully 256 50c higher on limited supply, good and choice kinds upwards to *3.50310 steady.
Dow-Jones Summary
Elk Horn Coal Corporation six months ended June 30. net loss 89.511 after taxea. interest, etc., against net loss 850.346 In first half 1929. Bank of Belgium reduced discount rate to 2ft per cent from 3 per cent. Elec Auto-Lite Company will add 1.000 workers to the 8,200 employed at present in its Toledo plant on Aug. 4, Frank H. Landwehr, secretary, states. Bank of England statement as of July 31 shows circulation 377.000 pounds against 364.137 Julv 24. RaUo 41.7 per cent aeatnjt 44.8 per cent and bullion 153.250.000 pounds against 155,003,000 pounds. Wavne Pump Company declared regular auarterlv dividend of 87 ft cents on the convertible preference, payable Sept. 1. record Aug. 20. John R. Rogers appointed receiver for Superior Oil Corporation on petition, or Exchange National Bank of Tulsa which alleges company unable to pay debts ana $500,000 notes due the bank. American Tobacco Company declared extra dividend of 84 and regular quarterly dividends of $2 each on common and common B stocks, all payable Sept. 2. record Aug. 9. A. O. Smith Corporation declared regular quarterly dividend of 50 cents on common and *1.75 on prenerred payable Aug. 15. record Aug. 1. American Radiator and Standard Sanitary Corporation declared regular quarterly dividends of 37ft cents on common and *1.75 on preferred common, payable Sept 30. record Sept. 11 and preferred payable Sept. 1, record Aug. 15. Grigsbv-Grunow Company and subsidiaries in year ended May 31. 1930. earned 87 cents a share against *2.55 In previous year. Calumet and Hecla Consolidated Copper Company In June quarter earned 7 cents a share before depletion charges against 50 cents in preceding quarter and 92 cents in June. 1929. quarter. Six months 57 cents a share against $1.82 a share in first half 1929. Seeman Brothers. Inc.. In year ended June 30. 1930, earned $5.55 a share against $6.53 a share in preceding year. Marine Midland Corporation and subsidiaries in six months ended June 30 earned 85 cents a share on 5,616,001 shares of capital stock. American Pneumatic Service Company In six months ended June 30 earned 11 cents a share on first preferred against 15 cents a share on common after first and second preferred dividend requirements in first half 1929. Pennsylvania Railroad handled 141,910 cars in week ended July 26 against 143,749 in preceding week and 176,148 in like 1929 week. From July 1 to July 26, 4,252,776 cars against 4,842,922. Georgia Power Company and subsidiaries year ended June 30, surplus *2,252.589 after depreciation and preferred dividends against $2,538,370 in preceding year. J. R. Peters appointed co-receivgr of Clarence Saunders Stores. Inc., by Judge Anderson in federal district court at Memphis. Leslie M. Stratton was appointed receiver on July 22. Bethlehem Steel Corporation dividend and earnings after 3 p. m. today. American Zinc Lead and Smelting Company' estimates profit for quarter ended June 30 at $124,540 after depreciation and depletion, but before federal taxes against *128,639 in preceding ter making total profit of $253,179 for first half 1929. Comparisons for corresponding periods of preceding year not available. Commonwealth Securities. Inc., six months ended June 30, net income, $036,003, after federal taxes, against $301,725 in like 1929 period. H. J. Kelley, general manager of Dominion Steel and Coal Corporation, elected a director and vice-president. American States Public Service Company twelve months ended June 30, 1930, net earnings after expenses and taxes, $911,671 against *806,890 in preceding twelve months. After Interest amortization and other deductions profit available for reserves and surplus was $341,962.
Produce Markets
—July 31— Ebbs (Country Rum—Loss off deliver*) In Indianapolis. 16c; henerv duality. No. 1. 20c: No. 2. 13c. „ , .. Poultry (buyinz prices—Hens, weighing 4li lbs. or over. 17c; under V/2 lbs., 17c; Leshorn hens. 14c: springers.-#',* lbs. ci over 21c: under 2la lbs.. lJJfc: Leghorn springers, 14c: old % cocks. ducks, lull feathered, fat whites. 9c: Beese. Gc. These prices are for No. 1 too ouaiitv ducted bv Kipean & Cos. Butter (wholesale! —No. 1,4041 c; ho. 2, 37@38c. Butterfat—39c. Cheese i wholesale sellins price pet pound!—American loaf. 31c: pimento loaf. 32c: Wisconsin firsts. 27c: Lognhorns. 34c: New York Llmbereer. 36c. Bu United Press / CHICAGO. July 31.—Eggs—Market firm; receipts. 9.049 cases; extra firsts. 24c; firsts. 22 !' 2 ft23c; current receipts. 19@ 21'/ac; ordinaries. 15@17c: seconds. 14'*c. Butter—Market steady; receipts, 7.913 tubs; extras, 36c; extra firsts. 35®35‘/2c; firsts, 33@34c; seconds, 30®32c; standards. 36c. Poultry—Market steady; receipts. 2 cars; fowls, 20c; springers. 26c; Leghorns, 14c; ducks. 14®17c: geese, J6c; turkeys, 18c: roosters, 16c; broilers. 21c. CheeseTwins. 16 , /4@16 , /ic: young Americas. 17c. Potatoes—On track. 187: arrivals. 73; shipments, 573: market steady on sacks; no sales reported on barrels; Kansas and Missouri sacked Irish cobblers, [email protected]. Bu United Press NEW YORK, July 31.—Flour—Quiet and unsettled: spring patents. $4.95#5.35 per barrek Pork—Dull; mess, $30.50 per barrel. Lard—Firm; middle west spot, $10.30® 10,40 barrel. Tallow —Quiet; special to extra. 514® 5%c per barrel. Potatoes—Fair demand and steady; Long Island. [email protected] per barrel: Jersey. [email protected] per basket; Southern. 75c to $2.75 per barrel. Sweet potatoes—Active: southern baskets. sl® 2.75: Southern barrels. $1.75@2. Dressed poultry—Firm: turkeys. 20®44c; chickens, 17®36c: fowls, 14®29c: ducks. 12® 15c: ducks. Long Island. 13® 18c. Live poultry —Steady to firm: geese. 10® 12c; ducks. 12 ®22c: fowls. 15®22c; turkeys. 20® 25c; roosters. I6fi;7sc; broilers, 18@35c. Cheese —Dull: state whole milk, fancy to special, 25@26c; young America. 17@25c. # Bu United Press CINCINNATI, 0.. July 31.—ButterSteady; creamery in tub lots according to score. 33® 36c: common score discounted. 2® 3c; packing stock No. 1. ~2.7. c; No 2,20 c; No. 3,15 c: butterfat. 31®,33c. Eggs—Steady; cases included: extra firsts, 26c: firsts. 21c; seconds. 16c; nearby ungraded, 20c. Live poultry—Thin and coarse stock sells only at heavy discount; fowls. 5 lbs. and over, 18c; 4 lbs. and over, 16c: 3 lbs. and over. 15c: Leghorns. 3 lbs. and over. 13c; roosters. 12p; colored fryers over 3 lbs., 29c; broilers, colored, over 2 lbs., 27c; broilers over 1V 2 lbs.. 23c; l'A lbs. and over. 19c; Leghorns and Orpington brcllers, over 1% lbs.. 22c: IV* lbs. and over, 19c: broilers partly feathered, 15® 18c; black springers, 18c. VETERAN CARRIER QUITS Retired After 41 Years; To Take “Long Walks for Vaeation.” Bu United Press . , __ CHICAGO,. July 31.—John H. Burger, 65, who has walked approximately 125,460 miles during fortyone years as a mail carrier in Chicago’s loop district, put away his gray uniform for all time today. Burger, with twenty-eight other veterans of the service, was retired on pension and said he “probably wall take long walks for exercise,” while on a vacation he expects to take soon in California. DEATHS BLAME PLACED Heavy Waves Caused Freighter to Roll Over, Is Finding. Bu United Press WASHINGTON, July 31—Heavy waves, throwing 6ea wash "into the cargo compartment of the freight** Whalen, caused the ship to lift and roll over,” the supervising inspector of the steamboat inspection service at Cleveland informed headquarters here today in a brief report on the disaster of July 29 which caused the loss of sixteen lives! Other Livestock B ’toLFDO. P Ju!* 31.—Hogs— Receipt!,. 250; market steady; heavies. $8.50®.#: mediums, $9.25*19.50: Yorker*. J9&9.50: pig*. *9® 9.25. Cattle— Receipt*. light; market I steady. Calves—Receipts, light: market steady. Sbeep-eßeceipts. light; market steady.
6RAIN FUTURES MOVE UPWARD ON BULL NEWS Strong Foreign Cables and v Short Covering Are Price Factors. Bu United Press CHICAGO, July 31 Reacting strongly from the low levels of Wednesday, wheat was sharply higher as the Board of Trade opened today. Strong foreign cables and active short covering were the chief influences. Liverpool was firm on short covering while the decline brought in more active buying. The seaboard reported a large export business worked on the break, estimating between two and three million bushels having been taken. Com received some encouragement from wheat and resumed its advance while oats was uneven, but around steady. At the opening wheat was % to 1 cent higher, corn % to 114 cents higher and oats were % cent lower to ft cent higher. Provisions were steady. Liverpool opened leaver as expected, but turned considerably stronger, recovering all but ft to % cent of the decline by mid-afternoon. At Wednesday’s record ldw prices, wheat was 33 to 60 cents under the season’s high time and at the lowest ebb since July, 1914. Despite this traders are as bearish now as they were bullish when prices were above the 90-cent mark, |hough most traders advocate care and advise against short selling at these levels. The movement from the southwest is subsiding only to be replaced by the spring wheat. The damage to corn is believed to have been discounted at the prevailing prices, by many traders. The action of the market still depends upon the weather, though wheat has an important bearing upon the trend, with both July and September cogn at a premium over July wheat. There were no rains reported except showers in Kansas and parts of Oklahoma with cooler weather over all the belt. The cash market continues strong. Liquidation in oats has put March, at a pew low and the other months close to the season’s bottom. The northwest is, hedging the new crop rather heavily.
Aviation
Arrivals and Departures Mars Hill Airport Lieutenant Matt G. Carpenter, Indiana National Guard, Indianapolis to Dayton, 0., and return; T. A. T. passengers westbound included Arthur Chevrolet, 4327 Central avenue; George Vail, Indianapolis; Mrs. D. Matz, Indianapolis. Embry-Riddle passengers included Charles A. Beach of Indianapolis, to Cincinnati; passengers to Chicago included F. H. Mueller, Des Plaines, 111.; J. W. Kohler, Grand Rapids, Mich., and H. B. Hopkins, Oak Park, 111. Hoosier Airport Charles Hack and E. E. Powell, Shelbyville to Indianapolis and return, Whirlwind Eaglerock; L. W. Crosier, Marion to Indianapolis and return, Waco; Fletcher Bevinger of the department of commerce, Detroit to Indianapolis, Stinson. Build\New Bomber Bu United Press . _ . LONDON, July 31.—Great Britain’s newest and fastest nightbombing airplane has a machinegunners’ cockpit built into the tail behind the rudder. This is anew departure for British war machines and it is believed the position will afford the machine an unusually fine defense against attack from the rear. Incidentally, according to the viewpoint of machine-gunners, their position makes them an excellent target for the attacking machine. The new bomber which is a biplane, is driven by two Rolls-Royce engines of some 850-horse power each, and with a full military load of machine guns, bombs and a crew of four, has a top speed of 137 miles an hour at an altitude of 10,000 feet. Fully loaded the machine weighs eight tons. It now is being tested by Royal air force pilots, and if approved one or more squadrons of this type probably will be ordered constructed. Refuel Pilot Arrested Bu United Press ROOSEVELT FIELD, L. 1., July 31.—Louis Reichers and Robert Black rounded out 253 hours in the air at 9:34 a. m. today in their assault on the 553-hour endurance record of the Hunter brothers. Shortly before Wednesday night’s refueling contact the pilot of the refueling plane, John S. Donaldson, sponsor of the flight, was arrested on a charge of stealing a plane, but the detectives allowed him to supply Reichers and Black with gas, oil and food before surrendering himself. Donaldson denied the charge, saying the plane was lent him. Anniversary in Air Bu United Press ST. LOUIS, July 31.—After celebrating the anniversary of their record flight of a year ago, Forest O’Brine and Dale Jackson continued piloting their endurance monoplane' in circles over Lambert municipal flying field today. A year ago Wednesday night the flyers landed their monoplane St. Louis Robin after establishing a record of 420 hours, which recently was broken by t{ie Hunter brothers of Sparta, 111. Reporting “everything going fine,” O’Brine and Jackson passed their 240th hour aloft in their present flight at 9:11 a. m.
Net Changes
Bu United Press NEW YORK, July 30.—Closing prices and net changes on principal stocks traded on the New York Stock Exchange today were as iOll0WS: , Off American and Foreign Prwer... 73 3*4 American Telephone ZH Bvers ,H.f 5 * Consolidated Gas -Si/ It’ Electric Power Kg ’ * General Motors 4514 2^4 National Power 45 4 ■*,* Public Service ffi? * Standard Gas “4 * Union Carbide Uj* a United States Steel Vanadium . zzvf i Warner Brothers Ijw 3 WcsUnsbouse Bectrlc ....* 142T4 I • •’ -,
<£he City in Brief
Twenty-fifth reunion of the past and present employes of the Ce n * tral State hospital will be held at Brookside park Sunday, Aug. 3. at 2 p. m. Mrs. Pete Brown, 15 South Belmont avenue, is secretary of the reunion association. Sommer students of Indiana Central college heard Miss Leora Weimar, professor of speech, give a dramatic reading. “The Nazarene, at chapel exercises today. Marion county candidates and Democratic leaders will attend a meeting of the Tenth Ward Democratic Club tonight at 8 at the home of Clarence Wheatley, 1521 Pleasant street. Two hundred and fifty persons attended the annual picnic for G. A. R. veterans given by the Federated Patriotic Societies Wednesday in Brookside park. Forty-two veterans of the Civil war were present. A basket dinner and reminiscense of war days featured the picnic. Prosperity prevails in Ireland, Thomas J. O’Connell, president of the Ancient Order of Hibernians, told members of the organization’s county board at a meeting Wednesday night. Mr. and Mrs. O'Connell returned recently from a tour of the old country. A party of Mexican railway officials passed through Indianapolis at noon today, en route from New York to St. Louis, on the Pennsylvania. Frozen Products Company, anew industry manufacturing frozen confections, has been set in operation at 633 North East street, R. W. Thompson, manager, today. The Salem park nightly camp meeting for missionaries will close Monday with a conference preceded by a missionary rally Sunday. Missionaries from India, Japan and the British West Indies are attending the meetings.
In the Air Wind, north, 10 miles an hour; barometric pressure 30.14; ceiling, unlimited; visibility, ten miles; field, 1 good. Airport Heads Meet Plans for designating August as aviation month in Indianapolis were discussed by airport managers at a meeting in the Columbia Club Wednesday night. It is proposed to interest the public in flying by giving special impetus to advantages of aviation during the period. Those at the meeting were: H. Weir Cook, Curtiss-Wright Flying Sendee' of Indiana; Elmer H. Jose, Capitol airport; Bob Shank, Hoosier airport; Walker W. Winslow, Indiana Aviation Corporation; Herbert Fisher of the Chamber of Commerce and Lieutenant Kenneth Garrett, Schoen field commander. 43,902 Get tflot Tests Bu Scripps-H award Newspaper Alliance WASHINGTON, July 31.—During the fiscal year 1930, department of commerce doctors gave 43,902 physical examinations for pilot licenses. This was a 54 per cent increase over the previous year, when 28,478 persons were examined for flyingr’ licenses. Os this year’s total 25,041 were first examinations, most of which were for student flying permits. Os this number 1,435 were refused permits, as being physically unsuited for flying. Os 6,193, who already hold licenses and who were examined for a higher gijade of license, only nineteen were disqualified. Visits Plane Dealers Aircraft dealers and distributors of the city were visited Wednesday by Fowler W. Barker, Washington, of the United States department of commerce aeronautics division. A large market in Indiana for aircraft in industry is evident, according to Barker. Noted Flier Here Billy Brock, world-famous flier of the Schlee-Brock cross-country record team, piloted a Lockheed Vega monoplane carrying Powell Crosley Jr. of the Crosley Radio Corporation of Cincinnati, which stopped at Mars Hill airport today. Crosley made several business calls here before returning to Cincinnati. Add Plane to Line A passenge** plane added to the Embr: -Riddle air mail and passenger line between Indianapolis and Chicago today, according to George C. Mclntosh, newly appointed local representative of the company. The plane will leave Mars Hill airport at 2:30 p. m. daily and Arrive at Municipal airport, Chicago, at 4:15 p. m. On the return trip it will leave Chicago at 4:45 p. m. and arrive in Indianapolis at 6:30. Flies With Lindbergh Bv United Press WASHINGTON, July 31.—Harry F. Guggenheim, ambassador to Cuba, and Charles A. Lindbergh left, here early today by plane for New York after a two*day visit in the capital. Guggenheim was here to confer with state department officials. They left Bolling field at 8:21 a. m. , Store Plane Coming Walgreen drug store employes of Indianapolis wfil be rewarded for courtesy by rides in the company’s Sikorsky amphibian plane at Mars Hill airport Friday. The plane, known as the Mysterious Shopper, will arrive at Stout field, Mars Hill, at 7 tonight, piloted by Carl V. Vickery, army reserve officer. INCREASE IN CENSUS Milwaukee Takes Twelfth Place From Buffalo. WASHINGTON, , July 30.—The census bureau today announced a population of 572,324 for Milwaukee; making it the twelfth largest city'in the United States. Milwaukee's population, an increase of 25.3 per cent over 1920, puts the Wisconsin city slightly ahead of Buffalo, N. Y., which formerly was the twelfth largest city. The population of Buffalo was found by the census bureau to be 572,217, only 107 less than Milwaukee’s.
JULY 31,1930
TEST SLEEPERS FDR NUMBER DF TURNSIN NIGHT 35 Changes of Postflre in 8 Hours Average for Healthy Person. NEW YORK, 31.—The average healthy sleemr changes his position thirty-..ve times during an eight-hour nlghc. It is abnormal for a healthy sleeper to lie in one position for a long time; frequent change* of posture are inseparable from healthy sleep. These two . rlklng facts stand out from the mass of information gathered througn elaborate tests conducted by the Simmons investigation of sleep at the Mellon institute of the University of Pittsburgh, the first authorized report of which is presented oy H. M. Johnson and G. E. Weigand in the September Popular Science Monthly. Covered five Years The investigation extended over a period of five years. In that time, observations wer.* made of the sleeping habits of IV: persons of both sexes and varying ages. Each of the subjects was studied nightly for at least several weeks. More than J.000.-)00 separate observations were taken into account. Study of the various poses assumed by the average sleeper showed that a number of them are adapted to relieve the strain in muscles, tendons, and joints caused by postures held for long periods during the day.
Relieves Tension Others obviously serve to relieve the muscular tension produced by positions that precede them during the night. That was apparent from the order in which they occurred. The normal s eeper, it was found, moves his body into a different position between twenty-five and fifty times in a night of eight hours, at integrals of five minutes or more. There are. of course, differences between individual sleepers; the most restless of the healthy sleepers stirred more than three times as often, on the average, as the most quiet individual. Also, the same person may stir twice as often on a restless night as he does on a quiet night. crimeTcTrows faster THAN POPULATION U. S. Cities Up 10 Ppr Cent in Decade; Crooks Gain 150 Per Cent. Bu United Press HARTFORD, Conn., July 31. While the nation’s (large cities increased 20 per cent in population during the last ten years, the crime within their precincts increased 150 per cent, a survey made public here revealed. The Travelers’ Insurance Company compiled figures from reports from police departments in forty-six cities with a total population of 25,000,000, showing arrests for law violations during the period from 1920 to 1930. The total number of arrests increased from 738,896 to 1,841,942 during the decade, the report stated. Last year an average of one in every 10.6 persons was arrested. Increase in traffic arrests amounted to 334 per cent; in robbery arrests, 212 per cent, and in liquor law violations, 161 per cent. Marriage Licenses v Edgar R. Baker, 22. of 2956 Kenwood, clerk, and Hazel E. Mcßroom, 21, of 3251 Graceland, clerk. John N. White, 26. of 832 Lesley, foreman, and Helena M. Miller, 25,'0f 40D East Nineteenth, stenographer. George Edick, 38, of 3520 East Fall Creek Doulevard, manager, and Daisy D. Wedding, 36, of the Spink-Arms. teacher. Charlie Davis. 42. of 849 Hadley, laborer, and Bertha McKnight, 20, of 849 Hadley. Darrel S. Scott. 22, of 742 North New Jersey, clerk, and Floy to. Sayre, 20, of 631 North New Jersey, clerk. Edgel L. Johnson. 33. of 1435 East Twelfth, welder, and Robbie M. Park, 28. of 2017 Riverside, typist. Leland C. Roszell, 28. of Cincinnati, engineer, and Edna M. Niles, 22, of 1140 Dawson. CALIFORNIA SWELTERS Maximum Heat of 102 at Pasadena; San Diego Record Broken, Bu United Press LOS ANGELES, July 31.—“ Cloudy and cooler” weather was the official forecast for Los Angeles today, but tlie sun rose in a clear sky and residents feared another day of sweltering heat which forced the mercury to 95 Wednesday. All southern California felt the heat wave. The maximum was reached in Pasadena with 102 and San Diego with 96. The latter wao the hottest July 30 on record. GOOD WILL IS KEYNOTE 300 Statesmen, Jurists and Diplomats at Politics Institute. 81/ United Press WILLIAMSTOWN, Mass., July 31. —World-wide good will was the keynote of the tenth annual session of the institute of politics, openlrg here today with more than 3jo statesmen, diplomats, educators and jurists vn attendance. A month’s study of the avenue leading toward international peace and co-operation lay before the delegates from twenty-three states and seven foreign countries. BRIGADE IS INSPECTED Fifth Corps Area Training Chief ' Visittf Ft. Harrison. Lieutenant Colonel Fred B." Baird of Ft. Hays, 0., training officer for the Fifth Corps area, inspected the One hundred sixty-seventh brigade, infantry reserve officers, at Ft. Benjamin Harrison here today. Night maneuvers were on the day's schedule and the officers were to have demonstrations of formal mount by Eleventh infantrymen, inspection of motor transportation of troops and use of machine guns in defense. Former Dragon In Texas EVANSVILLE, Ind., July 31.— W. Lee Smith, former dragon of the Indiana Ku-Klux Klan and who made his home here, is now practicing law in Texas, following his reinstatement as a member of the bar from which he had been ousted on conviction of being a member of an automobile theft ring.
Local Wagon Wheat
City gram elevators are paying 72c for Jto. 1 red wheat and 70c for No. l^hsrd
