Indianapolis Times, Volume 42, Number 71, Indianapolis, Marion County, 1 August 1930 — Page 19

AUG. 1, 1930.

SALES VOLUME DROPS OFF IN STOCKTRADING Utilities Sold Heavily on Proposed Rate Cuts; Steel Rallies.

Average Stock Prices

Av.rsg* nt thirty Industrials for Thursday was 223 W. utt 2 91. Average o 1 twenty rails was 12f 95. off 60. Average of twenty utilities was 96 *. uo .69. Aver* a of forty bonds was 95.99. up .01. Bw United Press NEW YORK. Aug. I.—With tradtog volume down to around the lowest levels of the year, the stock market dipped after a steady to firm opening today and then rallied without Increase in turnover. Around noon prices were 1 to 2 points from their early lows; but many were still below the previous close. Utilities were hard pressed for a time, but they rallied with the remainder of the list- This group was affected by the movement to reduce electricity rates in New York, and orders to cut rates in Boston and Philadelphia. New York householders and others would save from $5,000,000 to *10,000,000 under the rate cut proposals, while the saving In Philadelphia would amount to around $1,750,000 and V Boston around SI 300.000. Consolidated Gas, source of gas and electric supply for New York City, declined to 104>i, off 314, but around noon was back to 106. Standard Gas dipped to 95 and came back to 97, off 14 net; American and Foreign Power to 72 and came back to 73, off %. and Electric Power and Light to 68 "4 and came back to 69%, off IT4. Similar rallies were noted elsewhere in the market. United States Steel touched 163% and then came back to 164%, off %; Westinghouse Electric to 143' i and came back to 145’-, off. ; Vanadium 96% and came back to 98, off %. General Electric sold off to 69% and came back to 70, off %; American Can 128% and came back to 129%, off 1; General Motors 45% and came back to 46. up *4. Around noon J. I. Case was at 192, up 4; Radio Corporation 42%, up %; Baldwin 29. up % and International Hrrvester 83. up %. Sales in the first half hour Amounted to 175,500 shares, against 338.900 shares in the same period Thursday. Call money renewed at 2 per cent, but the tone was slightly firmer than Thursday. Sales to noon totaled 569,900 shares, against 1,160.400 shares in the same period Thursday.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Friday. Aug. J. were $3,067,000: debt**. $6,514,000. C HIC AGO STATEMENT Bi' United Press CHICAGO. Aug. I.—Bank clearings. •213.100.000: balances. *12.300,000. NEW YORK STATEMENT NEW YORK. Aug. I.—Bank clearings. • 1.410.000 000: clearing house balance. $162 000.000: federal reserve bank credit balance, t144.000.gp5. TREASURY STATEMENT Bu t'nitrd Press WASHINGTON. Aug. I.—The treasury net balance on Julv 3. was *190.326.937.69: expenditure* for the same date were $6,615.*86.54: customs receipts for the month to that dav were *25.071.111 60.

Net Changes

Bu United Press NEW YORK. July 31.—Closing prices and net changes on principal stocks traded on the New York Stock Exchange today: Up. Off. American Can 'ex dir 130% 2% ... American and Foreign Power 74.. 1 ... American Telephone 212% 1% ... Bethlehem Steel 81% H ... Columbia Gas 62% % Consolidated Gas 107% 1 General Electric 70% 1% ... General Motors 45% % ... Loews inc 71' 4 % ••• North American 101 ...1% ... Public Service 92% 1% Radio Corporation 42% 1% ... Sinclair 23% ; ... Standard Oil N J 72. unchanged. ■Union Carbide 73% 1% ... United State* Steel 165% 1% ... Vanadium 98% 2% ... AVesllnghouse Electric 146% 8% ...

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New York Stocks

—au. l— _ Prer. Baltreado— High. Low. 1:20. close Atchison fJ® 2 AU Coast Line }W : Belt Sc Ohio ' Chesa Ac Ohio I** I Cheee Corp fli’ Chi Ort West l°? 4 Chi N Weil <*% I Del Lit W 11* Hl** Del Ac Hudson . i Oulf Mob Ac Oil *}% HiinoU Centre!.. .. ... ••• Lou * Nath 12® IJ®, M K Ac 3?% Mo Pacific ... ••• w Mo Weclflc pdf..122% 122 123% 123 N Y Centre! ....162% 161% 11% }i% Nickel Piste }® NY NH Ac H I®3> Norfolk Ac Weet. .. 225 U O Ac W ... 10 Pennsylvania ...74% 74% 74% 75% Seaboard Air L , . - 11 J% Southern Rv.... 93 99% 89% 89 i St Paul 14% St Paul old 22% 22% 22% 52% St L Ac S P 83 ... Union Pacific 215% Wabash W Maryland 23% 22 • Eaaipment*— .... Am Car Ac Pdv... 50% 43% 50% ... Am Locomotive.. 45 44% 44% ... Am Steel Pd -9% Gen Am Tank • ••„ 5*% General Elec 70% 63% 63% 70% Gen Ry Signal.. 79% 2% >9% <8 a Lima Loco 26% 26 26% 25 Press Stl Car 7% WeMtSh Ar B:: 28% '38% '38% 38^ Westingh Elec ..146% 143% 144% 146% Bobbers— Firestone . ... 30% Fisk 3% 1% 2 2% Goodrich 28% 26% 26% 76% Ooodyear 63% 62 Kelly Sorgfld .. • ... *% U 8 Rubber 21% 20% 20% 21% Motor*— Auburn 122% 121 122 *??,, Chrvsler 29% 23% 29% 29% Gardner 2% Graham Paige • ••, .?% General Motors. 46% 45% 45% 45% Hudson 33% 32% 32’a 33 Hupp 13% 13% 13% 13% Mack 56% Maroon iz Nash 36 35% Packard 14% 14% 14% ... Pierce-Arrow 23% ... Reo ®% 6tudebaker .... 31% 31% 31 % 31% Yellow Truck .. 25% 24% 24% 25 Motor Access— Am Bosch , 34% Bendlx Aviation. 32% 31% 31% 31% Bor* Warner 29% 29% Briggs 23% 22% 22% 23% Eaton 24 23% E! Storage B 60% Waves Body 7% Ttouda 11% Motos Wheel .... 24% Sparks W 24 23% 23% 23% Stewart Warner 26 % 26% Tlmkin Roll ... 64 Mining— Am Metals 31% ... Am Smelt 66% 66% 66% 66% Am Zinc 9% Aanconda Cop.. 50% 50 50 % 50% Cal St Heels 1514 Cal Ac Aria , 50% Dome Mines 7% ... Freeport. Texas 44 ... Granbr Corn 23% Great Nor Ore 31 21 Int Nickel 23% 23 23 22% Inspiration • 15% Kennecott Cop.. 39% 39 39 39% Magma Cop 33 ... Miami Copper }g% Nev Cons |6% Texas Gul Sul 58% 58 * U S Smelt. 2014 Oils— Amerada 24% 24% Am Republic . • ... 18% Atl Refining ... 38 37% 37% 37% Barnsdall 23% 23% 23% 23 Houston 85% 84% 84% 84% Ind Oil ■ 22 Indian Refining. i2% 121s 12% ... Lago Oil 29 29 Mex Sbd 32% 22% 22% 22% Mid Conti 24% 33% 241'. 23% Psn-Amer (Bi 58% Phillips 33 32% 32% 33 Pure Oil 21% Richfield 18 Simms Ft 21% ... • Sinclair 23% 23% 23% 23% Skellv '... 30 Stand of Cal ... 62% 62% 6 2% 62% Stand of N J... 72 71% 71% 72 Stand of N Y ... 32 32% 31% 32 Texas Cos 52’s 5215 52% 52% Union Oil 41 41 Steels— Am Roll Mills 54 5314 Bethlehem 81% 81 81 81% Brers A M 71% 70 70 70% Cent Alloy 51% Colo Fuel 52% 52Vi 52% ... Cruc Steel 77 Ludlum 26’ j Midland 31 ... Repub lAc 8 ... 45% 45% 45% 45% U 8 Steel 164% 163% 164 165% Vanadium 98% 96% 97% 98% Youngst S Ac T 112 Tobaccos— Am Sumatra 11 10% Am Tobacco (AI 238 238 Am Tob iß> 244 Lie St Mvers (B) 93% 92% Lorillard 23% 22% 23 23% Reynolds Tob 50 50% Tob Pr A- . . .., 12% 12% United Ctg 6% 6Vs 6% ... Utilities— Adams Exp 27% 26% Am For Pwr ... 74% 72% 72% 73% Am Pwr St L.... 88 86% 86% 87% A T Ac T 212% 210% 211% 212% Col Gas &El .. 62% 62 62 62% Com Ac Sou.. .. 14% 13% 13% 14% El Pwr St Li... 71 68% 68% 71% Gen Gas A.., 9% 9% Inti T St T... 46% 45% 46V. 45% Natl Pwr St Li.. 47 45% 45% 47% No Amer Cos. . "9 98% 98% 101 Pec Gas Ac El.. .6% 56 56 56% Pub Ser N J 92 89% 89% 92% So Cal Edison... 57% Std O Ac El 98 96% 96 97%, United Corn. .. 33-. 32% 32% 33V. Ut Pwr Ac L A.. 33% 33% 33% 33% West Union i 169*% ShlDpiDf— Am Inti Corn... 34% 31% 34% 34% Inti Mer M pfd 20% 20% United Fruit 87 88 Foods— * Am Sug Armour A Beechnut Pkg 55 Cal Pkg 62% ... Coca Cola I'*, 1 S&tSK.tmi <;* St '* : IU Grand Union 15% Hersey 95 Jewel Tea ... ... ••• , 25% Kroger 25% 25% 25% ... Nat Biscuit 84% ... 84% 8414 PillsbU'-y ...- 32% ... Safeway St 64% 62 62 62% Std Brands 20'/. 20% Ward Bkg 7

iB Thomson Ac McKinnon)'

Drugs— Coty Inc 21% 21% 21% 22 Lambert Cos 91% 90% Lehn Ac Fink 29% Industrials— Am Radiator ... 28% 26% 26% ?6% Bush Term 37 Certalnteed 8% Otis Elev 65% 64% Indus Cbems— Allied Chem ._ 264 264 Com Bolv .. ... 26% 25% 26% 26% Union Curb 74% 72 72% 73 % U S Ind Alco .. 70 63 68 % 64 Retail Stores— Assoc Dry Gd* 33% Gimbel Bros H Kresge 8 6... 25% Mont Ward 35% 35% 35% 35% Sears Roe 67 66 Woolworth 60% 59% 60% 60 Amusements— Bruns Balke 16% Col Graph 17% 17% 17% 17% Crosley Radio 13 13 Eastman Kod ..209% 207 207 208% FOX Film A 45% 45% 45% 46% Param Fam 59% 59 59% 59 Radio Corp 42% 41 % 41% 42 t R-K-O 31% 31% 31% 31% Schubert 17% Warner 8r05.... 36% 36% 36% 37Vs Miscellaneous— Airway App 17% Am Can 130% 128% 128% 130’, Cont Can 60% 60 60 60'% Gillette SR 87% 83 33% 88% Real Silk 43 43%

Produce Markets

—July 31— * Eggs (Country Rum—Loss off deliverd In Indianapolis. 16c: henery duality. No. 1. 20c; No 2. 13c. Poultry (buying prices—Hens, weighing 4% lbs. or over. 17c: under 4Vi lbs.. 17c; Leghorn hens. 14c: springers. 2% lbs. cr over 21fc: under 2% lbs.. 18c: Leghorn springers, 14c: old cocks. 9<&10e: ducks, full feathered, fat whites. 9c: geese. 6c. These prices are for No. 1 ton auaiity ouoted by Kingan As Cos. Butter (wholesale)—No. 1,4041 c: No. 2, 37® 38c. Butterfat—39c. Cheese (wholesale gelling price per poundi—American loaf. 31c: pimento loaf, 32c: Wisconsin firsts. 27c: Lognhorns. 34c: New York Llmberger. 36c. Bu United Frets NEW YORK. Aug. I.—Flour—Fairly active and steadv: spring patents. 55®5.40. Pork-Dull: mess. $30.50. Lard—Firmer: middle west spot. $10.50® 10.60. Tallow— Quiet: special to extra, 5%25%c. Potatoes —Weak and lower: Long Island. *1.75® 2.75; Southern. $1412.50 barrel: Jersey. sl® 2 25 basket. Sweet potatoes—Barely steadv: Southern baskets. 75c®52.50: Southern barrels. *2®6. Dressed poultry—Firmer; turkevs. 20244 c; chickens. 20@36c; lowls, 14229 c; ducks. 124x15c: ducks. Long Island. 13® 18c. Live poultry—Quiet: geese. 10®12c; ducks. 12®22c: fowls. 144x22c; turkevs. 20®25c: roosters. 16@17c: broilers. 20®33c. Cheese—Steadv: state whole milk, fancy to special. 25@26c; young America, 17%©26c. Bu United Press CHICAGO. Aug. 1. Eggs—Market, steadv: receipts. 11.925 cases; extra firsts, 24c: firsts. 22%®23c: current receipts. 19 ®2l%c: ordinaries. 15517 c: seconds, 14%c. Butter—Market, steadv; receipts. 13,926 tubs: extras. 36c: extra firsts. 35®35Vic; firsts. 33® 34c: seconds. 30®32c; standards. 36c. Poultry—Market, firm: receipts. 1 car: fowls. 20c: springers. 26c: Leghorns, 14c: ducks. 14® 17c: geese. 16c; turkeys, 18c: roosters. 16c: broilers. 21c. Cheese— Tw'ns. 16%®16%c: voung Americas. 17.-,. Potatoes-On track. 204: arrivals. 93: shipments. 476: market, weaker: Kansas and Missouri sacked Irish Cobblers. $1.4501.60; Fast Shore Virginia barrels; Irish Cobblers, $2.9003. Bu United Press CLEVELAND. Aug. t.—Butter—Steady: extras. 39c; standards. 39c. Eggs—Firm: steady: extras. 28c: firsts, 21%c. Poultry —Steadv; fowls. 22®23c; medium. 22c: Leghorns. 15® 17c: heavy springers. 2244 26c; over 3 lbs.. 26®30c: Leghorn springers. 18®21c: ducks. 10®20c; old stocks. 14 016; geese. 20c. Fotatoes—No quotations.

New York Bank Stocks %

—July 31— Bid. Ask. America 95 96 Bank of United States ... 40% 41% Bankers 138% 179V* Brooklyn Trust 700 707 Central Hanover 339 340 Chase National 137% 138% Chatham Phoenix Natl.... 105 107 Chemical 65% 66% City National 129V* 131 Com Exchange 159 160 Commercial 370 378 Continental T 27% 28% Empire 82 84 First National 4,875 4.925 Guaranty 606 609 Irving 49% 49% Manhattan it Cos 109 110 Manufacturers 93% 95 New York Trust 239 241 Public 10$ 105 Chelsea 34 37 Other Livestock Bu United Press TOLEDO. Aug. I.—Hogs—Receipts. 150; market steady; heavies. $8.3029: mediums. *9.2529.50: Yorkers, $929.50; pigs, s9®; 0.25. Cattle--Receipts, light; market, steadv. Calves—Receipts, light: market, steady. Sheep—Receipts, light; market, steady. Bu United Press FT. WAYNE. Ind.. Aug. I.—Hogs Market, steadv: 90-130 lbs.. $8.75; 130-150 lbs.. $9.15: 150-170 lbs.. $9.40: 170-180 lbs., *9.60: 190-210 lbs.. $9.50; 210-230 lbs.. $9.30; 230-250 lbs. *9.10: 250-270 lbs., *8.85; 275300 Ibs.. $8.75; 300-325 lbs.. $8.50: 325-350 lbs.. $8.25: roughs. $7; stags. $5. Calves — $10.50. Lambs—*B.

Retail Coal Prices

Coke, nut size $8.75 Coke, egg size 9.25 Indiana forked lump 4.75® 5.7a Indiana ege 4.75® 5.25 Indiana mine run 4.752) 5.00 Pocahontas shoveled lump ... 8.25 Pocahontas forked lump 9.25 Pocahontas mine run 7.25 New River Smokeless shvld. ip. 8.25 New River Smokless fkd. 1p... 9.25 New River Smokeless -mine run 7.25 Anthracite 16.75

THE INDIANAPOLIS TIMES

PORKER MARKET GAINS STRENGTH AT STOCKYARDS Slaughter Class Cattle Are Active at Slightly Higher Levels. July Bulk Too Receipts 24. 9.30® 9.60 9.65 4.000 25. 9.35® 9.79 9.70 7.500 26. o.oo® 9.50 9.50 2,500 30. 9.25® 8.65 9.65 6.000 31 9.20® 9.60 9.60 6.500 Aug. 1. 9.200 9.65 9.70 5,000 A somewhat better trend made its appearance in hogs at the city ygrds this morning, prices ranging steady to 10 cents higher, mostly steady. The bulk, 160 to 260 pounds, sold for $9.20 to $9.65, top price paid was $9.70. Receipts were estimated at 5,000; holdovers were 947. Slaughter classes were active at slightly higher levels in the cattle market. Receipts were 400. Vealers sold 50 cents higher at $10.50 down. Calf receipts were 700. Lambs were up 50 cents or more this morning, good and choice kinds selling at $8.50 to $9.50. Sheep.receipts were 1,400. Chicago hog receipts were 17,000, including 6.000 direct. Holdovers 6,000. The market opened slow with a few early bids and sales on 220 pounds and down strong to 10 cents higher. A few early bids on 170 to 200-pound weights were $9.60 to $9.75; choice 200-pound weights sold for $9.75. Ltitle done on heavier weights and packing sows. Cattle receipts were 3,000, sheep 6,000. # HOGS Receitps, 5.000; market, higher. —Light Lights—-(l4o-160) Good and choice $ 9.150 9.35 —Light Weight*— (160-180) Good and choice .... 9.60® 9.70 (180-200) Good and choice 9.60@ 9.70 —Medium Weights—-(26o-220) Good and choice... 9.40® 9.60 (220-050) Good and choice 9.20® 9.50 —Heavy Weights—-(2so-200) Good and choice 9.00® 9.20 (290-350) Good and choice.... 8.75® 9°o —Packing Sows — (275-500) Medium and g00d... 7.00® 8 ) —Slaughter Pigs—-(loo-1301 Good and choice B.vf r j 0.'.0 CATTLE (Slaughter Classes Receipts. 400: market, steady. —Steers—-(6oo-1100) Good and choice $ 8.0)010.00 Common and medium 6.00® 8.00 (1100-1500) Good and choice 7.75® 9.75 Meduim 6.00® 7.75 —Heifers—-(sso-850) Good and choice 8.00010.00 Common and medium 5.00® 8.00 —Cows— Good and choice 5.750 7.00.. Common and medium 3.75® 5.75 Low cutter and cutters 2.00® 3.75 —Bulls (Yearlings excluded) Good and choice beef) 5.50 0 7.00 Cutter, common and medium. 3.5C® 5.50 CALVES and VEALERS Receipts. 700; market, higher. Vealers (Milk Fed) Good and choice [email protected] Medium 8.10010.00 Cull and common 5.50® 8.00 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 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, 1,400; market, higher. —Lambs— Gbod and choice $ 8.50® 9.50 Common and medium 4.50® 8.50 —Ewes— Medium and choice 2.00® 3.50 Cull and common I.oo® 2.00 Other Livestock Bu United Press CHICAGO. Aug. I.—Hogs—Receipts. 1700. including 7.000 direct: active, mostly 10c higher: heavy butchers and packing sows steady to 10c higher: top. $9.75: bulk. 160-220-lb. weights. $9.60®9.75: packing sows. $7.50®8; light lights. 140-160 lbs., good and choice. $9.25®9.70; light weights. 160-200 lbs., good and choice. $9.50®9.75: medium weights. 200-250 lbs., good and choice. $9.15®9.75; heavy weights. 250-350 lbs., good and choice. $8.35®9.i5; packing rows. 275-500 lbs., medium and good. sl® 8: slaughter pigs. 100-130 lbs., good and choice. [email protected]. Cattle—Receipts. 2.000: calves. 1.000: generally steady but rather top heavy after week’s sharp advance: light vearlings holding up best: 817-lb. kinds topping at $10.60: most fed steers. 58.50®9.75: slaughter cattle and vealers, steers. 600-900 lbs., good and choice. $9.25 ®11.25: 900-1.100 ibs.. good and choice. $9 ® 11.25: 1,100-1,300 ibs.. good and choice, s9® 11.25: 1.300-1,500 lbs., good and choice. s9®ll: 600-1.300 Ibs.. common and medium, $5.75® 9.25; heifers. 550-850 lbs., good and choice. $8.50®10.25: common and medium. $5®9.25; cows, good and choice. $5.50®7.75; common and medium, $3.75® 5.50: low cutter and cutter cows. $2.85®4; bulls (yearlings excluded), good and choice (beef), $6.50®7.25: cutter to medium. ss® 7.25: vealers (milk fed), good and choice, $9.50® 11.50: medium. $8.50®9.50; cull and common. $6®8.50: Stocker and feeder cattle. steers, 500-1,050 lbs., good and choice. $6.75®7.50; common and medium. $4.75® 6.75. Sheep—Receipts. 6.000; native lambs, strong to 25c higher: bulk light sorted kinds. $9®9.25; bucks mostly $8®8.25; rangers unsold, best held around $9.50: sheep and feeders unchanged; slaughter sheep and lambs, lambs 90 ibs. down, good and choice. $8.50®9.50; medium. $7®8.50: all weights, common. ss® 7.50: 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, $6.25 ®6.75. Bu United Press ... . . __ EAST ST. LOUIS. 111.. Aug. I.—Hogs Receipts. 7.500: market, steady to 10c higher than best time Thursday: 140-225 lbs.. $9.35®9.50: top. $9.55: 225-240 lbs., $9.25®9.35; sows. $7.10®7.40. Cattle—Receipts. 800. Calves—Receipts. 400; market,, nominal on steers: others classes steady: few fat mixed yearlings and heifers. $8.25 ®9.25: cows. s4®s: low cutters. $2.50® 3; flood and choice vealers. $10.25. Sheep—Receipts. 1,500: market, steady to strong; bulk lambs to packers. $8.25®8.50: few to city butchers. $8.75(29: throwouts. $4; ewes. $2.5023.50. Bu United Press ... „ PITTSBURGH. Aug. I.—Hoes—Receipts, 1.200: slow. 15®25c lower: sows, steady: 160-320 lbs.. $9.90210.15: 220-260 lbs.. $9.35 2 9.85: 200-330 lbs.. $8.7529.25: sows. s7® 7 50: pigs. $9.25 2 9.50. Cattle—None, nominal. Calves— Receipts. 100; native. 50®$1 higher: vealers. top, $11.50: medium to choice. sß2ll. Sheep—Receipts. 1.000: fat lambs: steadv to 25c higher: choice. $8.(5 29.25; medium to good. 56.5058.50. Bu United Press CLEVELAND. Aug. I.—Hogs—Receipts. 1.200: holdovers. 10: steady to 25c lower; most desirable weights. 15225 c off; 160-210 lbs. quotes. $9.7529.85. or about 220-250 Ibs. downward to $9.40: 250-300 lbs.. $9: pigs $9.50. Cattle—Receipts. 100: steers mostly 25c over Monday; $627.50 kinds predominating: low cutter cows unchanged. $3 23.50: bulls firm. Calves—Receipts. 425: mostly steadv: few feds stronger: bfilk good "to choice vealers. sl3 downward: best. $13.50 and about: common to medium. $7.502 10 and better. Sheep—Receipts 500: bulk lambs, $9.50 downward: few. $10: medium kinds $7®8.50; good aged wethers. $4.50. Bu United Press EAST BUFFALO. N. Y.. Aug. I.—Hogs Receipts, 1.800: holdovers. 200: market very uneven: medium weights about steady: others 10235 c lower; bulk 120-210 lbs.. $lO 210.10: few. $10.15: 220-250 lbs., $9.25® 975 - 250-300 lbs.. $8.5029.15. Cattle—Receipt*. 100: market, cows slow. 25c or more lower: cutter grades. $24i3.50. Calves — Receipts. 400: market, vealers active. 50c@ $1 higher: good to choice. $11.50 to mostly sl2. Sheep—Receipts. 500: holdovers 600: fat lambs strong .o 25c higher-, bulk better lots. $9.50; common lightweights. s6®7 B)l Times PnerUsl . ... _ LOUISVILLE. Ind., Aug. I.—Hogs—Receipts, 1.000; market, steady; 225 ibs. up, $3.§5: 165-225 lbs, $9.50; 130-165 lbs, $8.60; 130 lbs. down. $6.95; roughs, $6.35: stags, $5.75. Cattle—Receipts. 100; market, slow, steady; prime heavy steers, $829; heavy shipping steers, $8.50 28; medium and plain steers. $5.5026.50; fat heifers. $4.5068.50: good to choice cows. A4® 5.50; medium to good cows. $3.50® 4; , 'cutters, $3.254?3.50: canners. $223: bulls. $3.50® 5.50; feeders, $627.50: Stockers. $526; calf receipts. 200: market, steady: choice. s7t 8: medium to good. $5.5028.50: common to medium, s3® 5. Sheep—Receipts. 500; market, steadv: ewe and wether lambs, $8: buck lambs. $7: seconds. s4® 4.50; clipped lambs. $2.5023.50. Thursday's shipments—Cattle, 24; calves, none; hogs. 432: sheep, 846. CINCINNATI. O. Aug. I.—Hogs—Receipts. 3.860. including 1.660 direct: held over. 780: slow, generally steady demand, somewhat narrow for heavy weight butchers: better grade, 170-220-lb. weights, $9.5029.75: mostly $9.80 on 210 lbs. down: some 240-270-Ib averages. $929 50: desirable 120-150 lbs, mostly $9.25; few $9; some 160 lbs, $9.50: sows. $6.754i 7. Cattle—Receipts. 200: calves. 250: steers and heifers selling above $6: generally 25c higher; spots 50c or more up on best light vearlings: best weighty bulls 25c higher: other classes and grades, steady to strong, with demand improved; vealers. iergelv $1 higher: good and choice. s9® 10.50: lower grades, mostly $64(8.50: common and medium grass steers and heifers. ss@7; small lots, good vearlings upward to $9: few $lO- most cows. $4.5025.50: low cutters and cutters, $2.50®4; best weignty bulls. $6.35: bulk lighter weights, $4.5025 50. Sheep—Receipts. 1.600: mostly steady: better grade lamb* scarce: spots strong; bulk good and choijg, $9. to mostly $9.2529-50; medium grade Ind buck lambs. $626.50. common throwouts, SS®S.SO; fat ewes, $3.5023.50. choice, **.

BULLISH TREND LOOKED FOR IN GRAINFUTURES Big Export Trade Changes Sentiment; Corn Crop in Bad Way. Bu United Press CHICAGO, Aug. 1. Wheat opened unevenly, fractionally higher to lower, on the Board of Trade today. Foreign cables were lower, but were offset slightly by reports of another hot wave starting in the Canadian and American northwest, with no reports of rains from any section of the wheat belts. Liverpool was dull and easy, with buyers not disposed to buy due to the holiday extending from Saturday until Tuesday. Corn again showed extremely uneven strength, rising sharply. Oats followed corn upward. , Liverpool Fades Away At the opening wheat was M cent lower to % cent higher. Provisions were steady and dull. Opening steady about as expected Liverpool gradually faded away and at mid-afternoon was M cent lower. The private reports on winter and spring wheat are due today and are expected to show larger yields than estimated in the government’s July 1 report. Traders do not believe the rally of Thursday fully corrected the situation. Country holders are not offering, except in Nebraska. Export trade was large Thursday and it is expected to be maintained, which changed sentiment quite a bit. Com Condition Bad Owing to the character of the crop reports, corn is generally expected to be subject to extremely rapid changes until such a time as a good general rain falls. All factors other than weather are being ignored. The reports on condition are bordering on the sensational. The private estimates due today are expected to be bullish. The private estimates on oats will probably show a large increase but the strength in corn maintains a fairly firm tone in the oats pit. Kentucky is said to be trucking oats for feed from as far north as Frankfort, Ind. Chicago Grain Table . —Aug. 1— WHEAT— Prev. „ High. Low. 11:00 close. September ... .87% .86% .87% .86% December ... .92% .92% .92% .92% March 97% .96% .97% .96% CORN— September... .88 .87% .87% .87 December ... .83% .82% .83% .82 March 86(4 .85% .86% .84-% OATS— September ... .37 .36% .37 .36 December ... .40% .40.40% .30% March 43% .42% .43% .42% RYE— September ... .55% .55 December ... .62% .62% .62% .60% March .66% .66% .66% ... LARD— September ... 9.97 9.87 9.90 9.85 December ... 9.57 9.45 Bu United Press CHICAGO. Aug. l.—Carlots—Wheat. 373: corn, 151; oats, 147. Bu T'uitrd Press CHICAGO. Aug. I.—Cash grain close: Wheat—No. 2 red. 852>86Vic; No .2 hard. 85 2 86%c: No. 3 hard. 85c. Corn—No. 2 mixed. 892-89'fee: No. 3 mixed. P9c; No. 6 mixed. 86%c; No. 1 yellow, 90c; No. 2 yellow. 89%290c: No. 3 yellow. 89@89%c; No. 4 yellow. 88 %c: No. 2 white. 91 %c. Oats—No. 2 white, 35%236c; No. 3 white. 35>4®36c: No. 4 white. 36c. Rye—No. 2. 60%c. Bariev—4s® 60c. Timothy—ss.2s® 5.50. C10ver—510.25217.75. Bu United Press TOLEDO. Aug. I.—Grain close: Wheat— No. 2 red. 85%®86%c. Corn—No. .3 yellow. 96®97c. Oats—No. 2 white. 39%@ 40%c. Rye—No. 2. 70c. Barley—No. 2. 53c. Clovevr—Domestic cash. $13.50; prime choice. $13.80: October. $14.35; December, *14.60. Alstke—Cash. $11.80; October. sl2: December. $12.25. Butter—Fancy creamery. 41242 c. Eegs—Country run. 18®20c_ Hav—Timothy. $1.25 per cwt. $

The City in Brief

Incorporation papers for the North Side Federation of Clubs were on file today in the office of the secretary of state. The organization proposes to obtain a park and golf course on the north side. Officers are: Oscar F. Smith, president; Harry Schopp, vicepresident, and J. Raymond Cox, secretary. Games, a chicken dinner and dancing were features of the fourth annual picnic of the State Automobile Insurance Association Thursday in Broad Ripple park. William E. McKee, president of the association, spoke at the picnic. Business conditions in France will be discussed by F. W. Allport, commercial attache of the United States department of commerce in Paris, when he speaks at luncheon Aug. 6 before the World Trade Club in the Chamber of Commerce building. Problems of the state's blind will be explained by Roy Hooten of the Indiana Industrial Workers for the Blind, at a meeting at 8 tonight of the South Meridian ■Street Civic Club In Druids’ hall, 1317 South Meridian street. The Service Printing Company of 1009 North Keystone avenue, moved today to its new quarters in the Daly Industrial building, 38 South Cruse street. The firm will occupy a portion of the third floor of the Cruse street building. The company is capitalized at $20,000. The twenty-fifth annual reunion and basket picnic of employes and former employes of the Central Indiana hospital will be held at 2 p. m. Sunday in Brookside park. Mrs. Peter Brown is in charge of arrangements for the picnic. Motion pictures of latest methods of rapid trenching and pipe laying, will be shown at the Scientech Club of Indianapolis luncheon Monday in the Lockerbie by Hayes Kuhns, of the Leadite Company. POSTAL RECEIPTS FALL Decrease of 8.14 Per Cent Noted in July, Says Bryson. Decrease of 8.14 per cent in receipts of the Indianapolis postoffice for July was reported by Postmaster Robert H. Bryson today. July Receipts were $347,920, a decrease of $30,858 over July, 1929. The 1929 figure was an increase of $27,000 over July, 1928, Bryson said. He attributed the present decrease to the heat wave, general business conditions and the fact that July, 1923, receipts were exceptionally high.

Local Wagon Wheat

City grain elevators are paying 73c tor No. I Ted wheat and 71c tor No. 1 hard ar*

River Monster Caught

w &gj|||| Bir * f- < • .-*gjj9fc :

At the end of a bank line in Driftwood river, south of Edinburg, this morning, Lenn Zaiser, 2219 East Garfield drive, and Charles Snyder, 2251 East Garfield drive, found this thirtypound Mississippi catfish. There are larger brothers of

Dow-Jones Summary

LONDON—New York cables opened at 4.87 3-16 against 4.87 3-132: Paris checks. 123.82; Amsterdam, 12.093; Italy; 93.01; Berlin, 20.38. Lase Erie coal dumpings for season to July 27 totaled 18.877.107 tons against last year. 14,728,972 in 1928 and 19,615.809 in 1927. Iron ore shipments from Lake Erie docls to interior furnaces during first twer ty-nine days of July totaled 4,065,537 ions against 5,408,260 year ago. Crude and refined oils in storage decreased 3,384,000 barrels in June to 690.916,000 barrels, against increase of 1,674,000 barrels in May an increase of 5,519.000 barrels in June. 1929. United Grates bureau of mines reports. American Light and Traction Company and subsidiaries quarter ended June 30, net income $2,869,519 after charges, depreciation and federal taxes against $2.818.239 in June quarter. 1929. Twelve months ended June 30. net income sll,533.394 against $10,823,494 in preceding twelve months. Chase National Bank will acquire Harris Forbes & Cos. through acquisition of latter’s stock by Chase Securities Corporation. Radio-Keith-Orpheum Corporation and subsidiaries six months June 30. net profit $2,166,133 after charges and federal taxes, but before preferred dividends of subsidiaries against $630,569 in first half 1929. June quarter net profit. $350,231 against *1,815.903 In preceding quarter and $22,360 in second quarter 1929. Amerada Corporation In second quarter earned 52 cents a share against 33 cents a share in like ' 1929 quarter. Six months 43 cents a share against 39 cents a share in first half 1929. Walworth Company quarter ended -June 30. net profit $149,537 after depreciation, interest, federal taxes, etc., against $549,986 in June quarter 1929. Six months net profit *490.294 against $951,933 in first half’ 1929. I American News Company, Inc., and subsidiaries. six moths ended June 30. consolidated net income $425,442 after charges and depreciation and federal taxes. United Verde Extension Mining June output. 3.580.722 pounds copper against $4,013,795 In May and 4,094,740 In April. Louisiana Oil Refining Corporation and subsidiaries quarter. June 30. 1930, consolidated profit. $111,608 after Interest, depreciation, etc., but before federal taxes against net loss $63,798 in preceding quarter, and pro%t before federal taxes $504,238 in June quarter. 1929. Six months profit before federal taxes. $47,810 against $743,273 in first half 1929. Francisco Sugar Company and subsidiaries, in year ended June 30, earned $1.96 a share -against $5.77 a share in preceding year. Ulen & Cos. quarter ended June 30. net income $274,464 after charges and federal taxes against $336,797 in June quarter, 1929. Six months net income, $557,877 against $669,898 in first half 1929. Railway Express Agency. Inc.. May rail transportation revenues. $11,937,769 after taxes, interest, etc., against $14,193,202 in May, 1929. For five months revenues totaled $49,494,664. New York Stock Exchange transactions tn July totaled 47,744,800 shares, daily average trading of 1,909,792, smallest month since July, 1929. and comparing with 93,392,200 shares in July, 1929. Federal reserve board reports daily average volume of federal reserve bank credit outstanding during week ended July 30 was $934,000,000 a decrease of $43,000,000 from previous week and $388,000,000 below same week of 1929. Loans on securities totaled $3,586,000,000 against $3,537,000,000 a week ago. All other loans $2,464,000,000 against $2,415.000 000 and total loans $6,050.000.000 against 55.952.000.000. National Dairy Products Corporation and subsidiaries In first six months earned $2.16 a share on 5,971,636 common shares against $1.85 a share on 4.821.441 shares in like 1929 period. Segal Lock and Hardware Company stockholders of record today offered rights to subscribe for additional stock at $5 a share on basis of one-half share for each share held rights expire Aug. 22. Sharp and Dohme Inc., quarter June 30, net profit $341,316 after charges, depreciaBirths Boys Wilbur and Helen Bennett. 3872 Byron avenue. Wendell and Gudrun Paine, Methodist hospital. John and Carrie Daum, Methodist hospital. Edward and Wilma Knight, Methodist hospital. James and Frances Curl. Coleman hospital. Leslie and May McCUntic. Coleman hospital. Joseph and Tillie Nieten, Coleman hospital. Louis and Catherine Simpson, Coieman hospital. George and Mathilda Smith, Coleman hospital. Paul and Rosemary McGauiey, St. Vincent’s hospital. James and Mabel McNair. 2708 Boulevard ! place. Girls Hugh and Jeanne Thornburg. 316 East Thirty-third. Paul and Ruth Babak, 635 East Maryland. Roy and Else Morgan, Methodist hospital. Basil and Dorothy Gaumer. Coleman hospital. / Karl and Goldie Stahl, Coleman hospital. Harry and Forrest Fulton, St. Vincent's hospital. Timothy and Mary Shea, St. Vincent's hospital. Death's Stanley Davis. 35. city hospital. lobar pneumonia. Ross Ramsey Fleming. 58. 1341 North Capitol, uremia. Ellen Mattingly. 79, Central Indiana hospital. arteriosclerosis. Harriette Dalton, 26. 535 Agnes, pulmonary tuberculosis. , John Hand, 71. 309 North Hamilton, carcinoma. Phila Fleener. 34. Long hospital, hyperthyrodism. HURT IN FALL; DIES Georgetown Woman Succumbs in Methodist Hospital of Injuries. Mrs. Lucretis Lewis, 76, of Georgetown, Ind., died at the Methodist hospital here today from injuries sustained several'days ago when she slipped and fell at her home.

this monster lurking in the depths of the river, a tributary of White river, Zaiser and Snyder declare, although few of this size are taken out. The bait was a sucker “minnow” weighing threequarters of a pound.

tion. and federal taxes against $273,010 in preceding quarter, making net profit for first six months $614,326. Timkin-Detrolt Axle In first six months earned 54 cents a common share against 76 cents a share in first half 1929. McCall Corporation in first six months earned $2.25 a share against $2.23 a share in first half 1929. June quarter $1.12 against $1.14 in previous quarter and $1.19 in June, 1929. quarter. United Business Publishers, Inc., in first six months earned $1.34 a common share against SI.BB a share in first half 1929. Moto-Meter Gauge and Equipment Company started today to move its Long Island Plant and offices to Toledo to consolidate them with the W. G. Nagel Electric Company, a subsidiary, whose factory has been enlarged. About 800 workers will be employed In the combined plants and production will be increased approximately 50 per cent within thirty days, officials said. Radio-Keith-Orpheum concluded booking arrangement whereby it will exhibit Universal pictures in its houses.

Indianapolis Stocks

—Aug. 1— Bid. Ask. Amer Central Life Jns Cos. ...1,000 Beit RR & Yds Cos com 59% 6$ Belt R R & S Yds Cos old 56 81 Bobbs-Merril] Cos ... 30 33% Central Ind Power Cos pfd... 90 94 Circle Theater Cos com 106 Citizens Gas A,. 27 .... Citizens Gas pfd 97 101 Commonwealth L Cos pfd 7%.. 98 103 Commonwealth L Cos nf 8 %. 99 Hook Drug Cos com news 23 25% Ind Hotel Cos Claypool com.. 125 ... Indiana Hotel Cos pref 100 104 Indiana Service Corp pref 86 Indianapolis Gas Cos common,. 57 61 Indpls North Western Indpls Power & Lt pfd..103 105 Indpls Pub Wev Loan As com 53 Indpls St Rv Cos pfd 10 lt Indpls Water Cos ofd 101 103 Northern Ind Pub 6% co pfd. 99 lot Interstate Pub i?erv 7% 102 104% Northern Ind Pub 7% co pfd..106 Metro Loan Cos 99% ... Northern Ind P 5%% co pfd.. 92 97 Northern Ind Pub 6% pfd... 99 102 Progress Laundry Cos c0m.... 44 47 S Rauh St Sons Fer Cos pfd... 47 Reai Silk Hosiery M Inc pfd.. 90 Shareholders Investors Cos ... 23 Standard Oil Cos of Ind 50% ... T H I & E pfd 9 Terre Haute Trac L Cos pfd.. 73 83 Union Title Cos common 40 Van Camp Prod Cos Ist pfd. .. 98 Van Camp Prod Cos 2nd pfd. .. 98 BONDS Belt R R & Stock co as 91 Broad Ripple 41 ... Central Indiana Gas Cos 55.... 99% ... Central Ind Power Cos 6s 98% Citizens Gas Cos 5s 100 103% Citizens Street Railroad 55.... 42 43% Gary St Ry Ist 5s 65 ... Home T & T of 'At Wayne 6s!101% ... Ind Northern Trac Cos 2% 5 Ind Ry & Light Cos 6s 95 Indiana Service Corpn 5s 88 Indpls Power St Light Cos 55.. 99% 101 Indiana Union Trac Cc ss. .. 7 Indpls Cos! & Trac Cos 6s 90 95 Indianapolis Gas Cos 5s 100 102 Indpls St Mart Rapid T Cos 5s 6 Indpls No Trac Cos 5s 12 15% Indpls North Western C 0.... Indpls Street Ry 4s 29 30 Indpls Trac Ter Cos 5s *Bl ‘B4 Indpls Union Ry 6s 100% Indpls Water Cos 5%s 103V* 104% Indpls Water Cos 5c 99 Indpls Water Cos lie & ref.... 99 Indpls Water 4%s 94% 96 Indpls Water W Sec Cos 55.... 88% ... Iterstate Pub Serv Cos 4%s ....91% ... Interstate Pub Ser Oo 6s 98 Interstate Pub Serv 6%s 103 No Ind Pub Serv Cos 5a 101% No Ind Telephone Cos 6s 98% ioo T H Ind & East Trac Cos 55.... 70 T H Trac Light Cos 5s 85 •And interest. FOOTBALL STAR’S SON GETS OUT OF PRISON *r George Dillon, Night Club Holdup Bandit, Is Released. Bu United Press ELMIRA, N. J., Aug. I.—Good behavior having brought him a year and a half off his six year sentence on conviction of robbery, George Edward Dillon of St. Louis, 22, was released from Elmira reformatory Thursday. He left at noon for St. Louis with his mother and stepfather, Mr. and Mrs. Clemens H. Laessing. Dillon, the son of the late William A. Dillon, former Washington university football star, who was found murdered near the university in 1925, was sentenced March 1, 1926, for complicity in the holdup of the Club Dilletante in New York. HELD ON DRY CHARGE Barbecue Inn Proprietor Bound to Federal Grand Jury. Raymond C. Forrest, operator of the Forrest Inn barbecue stand at Allisonville, was held to the federal grand jury under SI,OOO bond on liquor charges today by Howard S. Young, United States commissioner. Forrest was arrested by federal dry agents and agents under the Indiana attorney-general, who claimed to have found a small quantity of whisky and home brew in a raid.

Henry L. Doherty & Cos. Announce the removal of their Indianapolis office from 1607 Merchants Bank Building, to larger quarters at 705-706 Fletcher Savings and Trust Bldg. Northwest Cturner Pennsylvania and Market

PAGE 19

MINE ORGANIZER GIVEN COAT OF TAR.JEATHERS Field Worker Charges He Was Warned to ‘Stay Out of Indiana.’ Hu United Press SULLIVAN, ind., Aug. I.—An investigation by state officials into the report that Joe Claypool, field worker for the reorganized United Mine Workers of America, was tarred and feathed and taken in an automobile to Illinois, where he was abandoned, was sought today by friends of Claypool. According to reports at the office of Sheriff Wesley Williams, a delegation of sympathizers with the ‘•dual” miners’ union, visited Governor Harry G. Leslie at the statehouse at Indianapolis Thursday and sought the state aid. Friends of Claypool at Shelburn reported Thursday that Claypool had telephoned them from Marshall, 111., where it is alleged he was taken by a band of men who warned him to “never return to Indiana again.” Claypool charges, his friends said, that while he was at his home at Shelburn Wednesday night a group of men drove up in automobiles, forced him to accompany them to a point near Sullivan where the tar and feathers were applied. He was then forced to enter a car, in which he was taken to spot near West Union, 111-, and dumped out, it was charged.

On Commission Row

FftCITS Apples—Basket: Winesap, $3.25; Ben Davis, $2. Boxes: Btayman, $3.7524: Winesap, $3®3.50. Barrels: Ben Davis, $5.50; Winesap, $7&8.50; new. Yellow Transparents, $223 a bushel. Apricots—California Royal, [email protected] a 20-lb. crate. Melons—Cantaloupes, California standards. $3 25 2 5 a crate; ponies, $2.50®4.50; jumbo, $4.2505.50; Honey Dew, $2.75®3.50 a crate. Watermelons, 34-lb. average, 60 065 c. Blackberries—Michigan, $5.50 a 24-quart crate. Cherries—California. 8-!b. box. $3: Michigan, 24-quart crate, $3.75@4. Currants—Michigan. $2.50 a 16-quart. Dewberries—North Carolina. $6 a 32quart crate. Gooseberries—Michigan, $3.75 a 16-quart Grapefruit—lmperial valley. $6.5007.25 & crate Huckleberries—sß a 24-quart crate. Lemons—Fancy California. $7.5008 a crate. Limes—Dominican, $2.50 a 100. Peaches—Georgia, $2 a one*half-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, [email protected] a 24-lb. crate. Raspberries—Red California, $4.50@5 a 24-pint crate; black. $3 03.50. VEGETABLES Asparagus—Home-grown, long green. 750 ®sl a dozen bunches; white, esc. 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. $1.75 03.50 barrel. Carrots—Louisiana, $1.50 a bushel; Indiana, 35c a dozen bunches: California. $3.75 a crate. ' Cauliflower—Home-grown. $1.5002.25 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@400 a dozen. Cucumbers—Home-grown, hothouse, 65® 90c a dozen. Kale—Home-grown, 75c a bushel. Lettuce—Washington Iceberg. $5.50 a crate of 4s, £s; 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. $2.56: Colorado Spanish. $1.75. Parsley—Southern, 65®75c a dozen bunches Peas—Telephone, home-grown, $2.25® 2.50 a bushel. Peppers—Mississippi, $2 0 2.50 a hamper. Radishes—Hothouse, button, 40c a dozen bunches; long red or white, 30c. Rhubarb—Homtlgrown. 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; Marlon county, 45c a dozen bunches. Potatoes—Main Round Whites. $2.75 a 120-lb. bag: Colorado Russet. $4.7505.25 a 100-lb. bag; Red River Early Ohio, $4. A committee studying conservation of lumber in the United States has estimated that some woodworking industries waste from 30 t® 40 per cent of their raw material.

James T.Hamill & Company Private Wire* to All Leading Markets Indianapolis MEMBERS Chicago Stock Exchange Chicago Beard of Trade Indianapolis Board of Trade Associated New York Cnrb 203 Continental Bank Bldg. Tel., Bile? 6493 Riley 6494

OIL IS KING! Oklahoma City Gusher Field—home of the wild Mary Sudik—i is one of the world’s greatest. Write me for the fact* about this tremendous pool—perhap* your opportunity. C. C. JULIAN Oil Operator Cotton Exchange Building Oklahoma City, Okla.