Indianapolis Times, Volume 42, Number 72, Indianapolis, Marion County, 2 August 1930 — Page 10

PAGE 10

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

Average Stock Prices

Avcrace of thirty for Thursday *a* 233 99, ud 2.91. Average of twen- j t- rails was 130 25. off *O. A-eraae of twenty utilities was 88.48. up .B*. Averate of fortv bonds was 25 99. up 01 S I nttrd Press NEW YORK. Aug I.—The stock market ran into selling near the close today and various representa- j tive issues declined more than 2 points. A few wider breaks occurred. Trading was exceptionally quiet | throughout the session with tickers j standing idle at times. Prices moved back and forth with intermittent rallies until the last few minutes when they turned j definitely downward. Steel com- : mon which at one time was up to 15', % point above the previous close, lost all of its gain. Other j pivotal shares followed it downward, j On only a few instances, however.; was bearish pressure sufficient to, bring exceptional declines. Celotex ; common dropped 2 points to 12 while the preferred which has not j been out for several days broke 16'* , points to 45'*. Celotex preferred dipped 10 points lower in tho last few minutes to 35, i while the common firmed up slight- j ly from the low. Utilities Hard Hit Utilities were hard hit following action in Philadelphia and Boston to reduce electricity rates. New j York City also is to have lower rates and negotiations for the change are now under way. Saving to consumers in these three cities will amount to around $10,000,000 which would be a direct loss to the companies involved. Heaviest losses were sustained by Consolidate Gas. American and Foreign Power, Standard Gas and North American, which were down 1 to 3 points. Oil shares were firmer, featured by Amerada, which rose a point on a favorable earnings report for the second quarter. Sinclair firmed up % to 2414. Steel, after selling lower, came up to close unchanged at 165'i. General Motors also was unchanged, while Gillette and Autostrop, Thursday's favorites, lost sharply, Gillette closing at 82'i, cx-dividend, ofT 4 3 i net. Sales Very Small Vanadium closed at 97 1 ,:, off 1; General Electric. 69*4, ofl T *. and Westinghouse Electric, 144"*, off IT*.1 T *. Radio Corporation held well until the last minute, when it dipped to 42. off and closed there. American Tobacco <B) spurted 8 points to 252 on a few sales. J. I. Case was another interesting mover, at one time selling above 196. It closed around 193, against a previous close of 188. Sales for the day totaled 1.090,210 shares, the smallest day in more than two years. Transactions Thursday totaled 2.162,770 shares. The preliminary Dow. Jones & Cos. indutrial average declined 0.60 to 233.20 and the railroad declined 0.69 to 130.26.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank ciearinss Fridav. Aus. 1 were *3.067.000: debits. *6.514.000. CHICAGO STATEMENT Bn r Kited Press . _ CHICAGO. Au*. I.—Bank clearings. 6213.100.000: balances. $12,300,000. NEW YORK STATEMENT NEW YORK. Aug. I.—Bank clearings, *1.410.000 000: clearing house balance. *182.000,000: federal reserve bank credit balance *144.000,000. TREASURY STATEMENT B" t filed Press WASHINGTON. Aug. I.—The treasury net balance on Julv 3. was *190.326.937.69: exnnditures for the same date were se.6la.888.54’ customs receipts for the month to •hat dar were $25,071,111.60. Other Livestock Bn United Press TOLEDO. Aug. I.—Hog* Receipts. 150; market steadv; heavies. $8.5009: mediums. *2 25® 9.50; Yorkers. $9®9.50: pigs. s9® 925 Cattle—Receipts. light: market, steady. Calves—Receipts, light: market, ateadv. Sheep—Receipts, light: market, ateadv. Bn t sited Per-s FT. WAYNE. Ind. Aug. I.—Hogs Market, steady: 90-130 lbs.. $8.75; 130-150 lbs.. $9.15: 150-170 lbs.. $9.40: 170-180 lbs . $9.66: 190-210 lbs.. *9.50 , 210-230 lbs.. *9.30; 230-250 lbs. *9.10 : 350-270 lbs.. *8.85: 275300 lbs.. *6.75; 300-325 lbs.. *8.50 : 325-350 lbs.. $8.25: roughs. *7: stags. *5. Calves—--610.50. Lambs—s 6.

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New York Stocks ■■■ iße Thomaon ft McKinnon > 1

~ AU Frav. I Rail read*— High. Lo* Close close. Atchison Atl Coast Line. .... ..., {lf Balt ft Ohio. .104% 102-a 104% 105 C'iiesa ft Ohio ~ ‘•f,. ' Chest Corp ...... fjL K*? ! Chi Ort West.. 11 10% >% ®V Chi N Weit... iiy 71 CRI ft R7T....103 }O2 .jDel L ft W Jii 4 Kud,on r i% -41 V. I5 4 % Lou ft Nash .... 120',2 120 120js 120^ Mo pacific pfd 124 132 F Y Central 1 92 U IWI-j 162 NY k NH P & t V.'.r.M5 ioi'j 104% 105% isssa?*? Seaboard Air L 1184 So Pacific. • ■ ‘if,, -li Southern P.v 89 86* Si's *8 q* Paul , , ... .. • * • St Paul pfd 22% 22'.* 32% 22% St L ft S F 89 88 88 ... Union Pacific ... ••• Ufa hath .... .. ••• * W Maryland.... 22% 23% 23% -*'• Eanipmenta— .. ... Am Car ft Fdv.. 50% 49-* s0 . Am Locomotive .45 44 . 44 s . Am Steel Fd... 40 39% 40 33-. Am Air Brake S .. •• 44 ... Gen Am Tank.. 8.. 8a . 86 . 86 . General 85c.... JO;. 89 . f% 20% Gen Rv Signal 79% '% W a *•> Lima Loco 28% 26 26% 2j N Y Air Brake.. 39 38% 38 a ... Press Stl Car... . ■ ... * ' • Puliman *9% •• ?|, Weatlngh Ar B. 38% 38% 31 . 38 j Westingh Eiec ..146% 143% 144 a 146. Firestone „ 2 °; 2 2 v ’ Goodrich .. 26% % 25% 28% Goodyear 63% 62 5 . Kelly Snrgfld ■■ ,? • C 8 Rubber 21% 20% 21 21 a Auburn 133 117 118 123 Chr-sler 29% 29 29 % 29 a Graham Paige.. 6% 8 % f% General Motors. 48% 45% 4o ,a 4s • Hudson 33% 32% 33 33 Hupp 14 13% 13% 13% Nash 38 3% 35 . 35Packard 14% 14% 11% . . Pierce Arrow .. .. ... -% ••• Reo *% % 9% 9% Studebaktr .... 31% 31 31 31% Yellow Truck.... 35% 24% 25 25 Motor Access— Am Bosch ■■■, •>}% Bendlx Aviation 32% 31 s . 31% 31% Borg Warner 29% 29 s . Briggs 23% 22% 22% 23% F.aton 2 * -3% FI Storage B. . 65 s . 64% 65 65 a Hayes Body 7% ... 7% 7% Houda ll*t ... 11% U% Motor Wheel • • 24% Sparks W 24 23 23 23% Stewart Warner 26% 26% 26% 26% Timken Roll .... 65% 65 65% 64 Mining— Am Metals 31% ... Am Smelt 66 % 66% 66% 66 j Am Zinc 9% ... 9-a 9;:* Anaconda Cop .. 50% 50 50% 50% Cal ft Hecla.. . 15% 15 15% Ij% Cal ft Ariz. 50% Freeport Texas 44 ... Granby Coro 24% 24 24 23% Great Nor Ore... 21% 21 21% 21 Int Nickel 23% 23 23% 22% Inspiriation 16% 16 16 15,2 Kennecott Cop.. 39 s * 38% 39 39 i Magma Cop 33 ..... Miami Copper.. 16% ... 16% 16“. Ncv Cons 16% is% 16'J 1* ? Texas Gul Sul.. 58% 58% 58% 58% U 8 Smelt 20 20-, Amerada 26% 24% 25% 24% Am Republic ~ J® s Atl Refining 38. 3i% 37'a 37% Barnsdall 23 s > 23% 33V -3 Houston 85'< 83% 85 8% Ind Gil 21% 21. 21 22 Indian Refining. 12% 12% 12% ... Lago Oil ••• 29 ..3 Me:; Sbd . 22 s i 22 22' 22% Mid Conti 24V. 23% 24% 23-Pan-Amer ißi.. 58 s , ... 58% 58% Phillips 33% 32% 33 33 Ph Oil ft Gas 37 ... Pure Oil 21% ~. 21% 71% Richfield 17% 18 Royal Dutch ... 52 51% 52 Shell Un 19% ... 19% ... Sinclair 24 23% 24 23% Skelly 30% 20% 30% 30 Stand Os Ca 1.... 67% 62 s . 62",i 62 s , Stand of N J... 72% 71% 71% 72 Stand of N Y... 32% 31% 32 32 Texas Cos 52% 52% 52% 52% Union Oil <1 61 Steels— Am Roll Mills... 56 54 54% 53% Betlehem 81% 60*. 81 81% Bvers A M 71% 70 70% 70% Cent Alloy ... ... 51% Colo Fuel 52% 50% 80% ... Cruc Steel Ludlum 26% ... 26 5 . 26% Repub Ift S ... 45% 45% 45% 45% U S Steel 165% 163 s . 165% 165% Vanadium 99% 96 s . 97% 98 s . Youngst S & T. ... .Y". ... 112 Tobaceo*— Am Sumatra ... 12 s . 11 11 s . 10% Am Tobacco A. .246% 238 246% 233 Am Tob B 254% 244% 232 244 Lig ft Myers 8.. 95% 93% 94% 82% Lorlllard 24% 22% 13% 23% Reynolds Tob... 51 50 50% 50% Tob Pr A 12% 12 s . United Clg 6% 6 s . 6% ... Utilities— Adams Exn 27% 27 27 5 . 26% Am For Pwr 74 s , 72 72% 73% Am Pwr ft Li 88 83% 83% 87% A T ft T .212% 209% 209% 212% Col Gas ft E 1.... 62 s . 61% 62% 62% Com ft Sou 14% 13 s . 14% 14 a El Pwr ft LI 71 68% 69_ 7t% Gen Gas A 9% 9% 9% 9% Inti Tft T 46% <5% 45% 45% Natl Pwr ft LI.. 47 45% 45% 4J% No Amer Cos ... 99 98% 98% 101 Pac Gas ft El .. 56% 56% 56% 56% Pub Ser N J 93% 89% 90% 92% So Cal Edison.. 56 ... 56 57% Std Gft El 90 94% 94% 97% United Corp. ... 33% 32% 32% 31% TTt Pwr ft L A.. 33% 33% 33% 33-. West Union 169% ... 169% 162% Shippinr— Am Inti Corp. ... 34% 34 34% 74-, Inti Mer M pfd 20% 20% United Fruit 87% 87 87% 88 Am Sug 53% 52% 5 4 % 53'i •rncut 4 8% 5 Beechnut Pkg 53% 55 Cal Pkg 62% ... 6?% Coca Tola 175 s . I<B% Font Baking A.. .. ... ... 23% Com Prod 95% 95 95% 94% Cudahv Pkg ... 39% 39% S Gen Foods 54 s . 53% a4 54% Grand Union *5% Hersher *5 , Jewel Tea ... . 25%. ■ Krogpr 25% 25% 25% . I Nat Biscuit .... 84% 84 84 84% I Pillsburv33s,2 5 , 32-u Safeway St 63% 61% 624, 62% Std Brands 20% 20% 20% 20% . Ward Bkg 7 I Drnr* — Cotv Inc 21% 21% 21% 22 Lambert Cos *l% 90% Lehn ft Fink ... ... -9*2 Industrials — Am Radiator 26% 26 26-- s , Bush Term 37 Certainteed ... ••• *% Otis Elev 65% 44 s s 64% 64 5 ,s Indus Chems— Allied Chem ....264 ... 264 264 Com Solv 26 s ; 25 s * 25% 26 5 , Union Carb ~... 74% 71% 72% 73% U S Ind Alco 70 67% 67 5 , 64 Retail Stores — Assoc Dry Gds 34% 33% ! Gimbel Bros ... 11% 11 11% Kresge 8 S ■■ .. 29 s - 29 29% 29%

Mar D Store ... .. ... 44 err Mont Ward .... 35 s . 35% 35% 35% Penny J C 53% 53% *3% ... Schuite Ret St * • • ■ Sears Roe ... si J* Woolworth 60% 59% 591 a 60 Bruns Balke ... 16 s . 16% 16% 16 s . Col Graph 17 s . }.% }■% 17% Crosley Radio .. 13% 12% 12% 13 Eastman Kod ..309% 207 209 2 ®* 4 FOX Film A .... 45% 45% 45% 46% Grfgsby Gru ... 14% 3' !♦% Loews Inc 71% <3% 70% 71V. Param Fam 59% 59 59 59 Radio Corp .... 43% 41% 42 42 . R-K-O 32 31% 31% 31% Schubert •• J*, ii,- 4 Warner Bros ... 37*'* 36% 36 § 3<.§ 17% 17 17 17% coZgofeuf ru ::: ij% ;ij% ;% m. Condemn ... .'. :*6O s * 59% ‘S * 60% i Curtiss Wr 7% 7% 7 . , j Gillette SR... *7% 82 82V. 88% Real Silk 43 43%

Chicago Stocks ■ ■ —(Bv James T. HamUl ft Co.i TOTAL SALES $4,306 SHARES High. Low. Close. Allied Motor Ind 10V. 10 IOVe A3?oc Telephone Util.. 22% ... ... Auburn Automobile ....123 117 117 Bendix Aviation 32 31% 32 Borg-Warner 29% 29% 29% Burnham Trading nfd .. 21% 20 21% Butler Bios 3v. Cent Pubb Serv Class A 28 s ,a ... ... Cent ft So West p 1 pfd 23Va 23 23 Chicago Corp 11 10% 11 Chicago Corp pfd 38 ... ... Cities Service 28% 28 28 j Commonwealth Edison .300 295 297 Const Materials 16% ... f ... Continental Chicago ... 14% 14% 14% Continental Chicago pfd 43 Cord Corp fVa 8 f. Corp Securities 25*. 244, 25 Corp Securities ctfs.... 65% ... ... Electric Household .... 45 44 45 Electric Research Lab. 1 ... .■• General Theater Equip. 33% 35 s a 33% Great Lakes Aircraft... 5% 5% 5% Grigsby Grunow 14% 14 14 Houdellle Hershey 8... 12 ... Insull Util Invest 61% 60% 61% Insull Util Inv pld ex-w 94 93 94 Ken-Rad Tube ft Lamp 7% 6% 7% Libby-McNell lj ••• •• Lion Oil P.eflning C 0... 19 18 18 Majestic House Util 37% 36 37 Manhattan-Dearborn .. 30 29 s 30 Middle West Utilities... 30% 29 s * 29% Midland United 27 26% 27 Midland United War.. 3 2 s , 3 Mlsrouri-Kas Pipe Line. 22 21 Vi 22 Modine 48 47 48 Natl Securi Inv Ctfs.... 90 NAm Light ft Power... 66% 66 66% Perfect Circle 34 Pines Winterfront ...... 2 4 Seaboard Utilities Sh. .. 6% 6% 6% Stone. H O. & Cos 7% Swift ft Cos 29% 29% 29% Swift International .... 34 33y< s U S Radio ft Tel 20% Utah Radio 6% Wextark Radio 10 s , 10%. 10% Zenith Radio 8% DIES ON GALLOWS Bn United Press SAN QUENTIN PRISON. Cal., Aug. 2.—Thomas Lehew of Ft. Bragg, Mendocino county, was hanged today at San Quentin prison for the murder of 7-year-old Theresa Johnson. The trap was sprung at 10:02 and Lehew was pronounced dead at 10:15 by Dr. L. L. Stanley, prison physician.

New York Bank Stocks

—Aug. 1— Bid. Ask. America 95 96 Bank of United States 40% 41% Bankers 138% 139% Central Hanover 343 346 Chase National 138% 139% Chatham Phoenix National 105 108 Chemical 65 66 Citv National 128% 129% Corn Exchange 159 160% Commercial 365 375 Continental 27% 28% Empire 82 84 First National 4,850’ 4.900 Guaranty 605 611 Irving .... 49 49% Manhattan & Cos 109 110 Manufacturers 94 95%

Retail Coal Prices

Coke, nut size $8.75 Coke, egg size 9.25 Indiana forked jump 4.75® 5.75 Indiana egg 4.75® 5.25 Indiana mine run 4.75® 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. ip... 9.25 New River Smokeless mine run 7.25 Anthracite 16 75 New York Liberty Bonds —Aug. 1— . 3 %s 100.30 Ist 4% s 101.20 4th 4%s 103.00 Treasury 4%s 112.24 4s 108.70 3%s 106.00 3%s of ’47 101.29 3%s of ’43 101.20 DENY MARION REQUEST State tax commissioners Friday refused a request of Marion city authorities to reimburse the city budget $l,lBO for payments made Edwin R. Thomad. special attorney in charge of the bombing investigations in that city. The bombings occurred last winter and spring. Five persons were killed but no case' ever was made against the bombers. RAW SUGAR PRICES High. Low. Close. January 1.29 1.24 1.29 March 1.37 1.33 1.37 May 1.45 1.41 1.44 July 1.52 1.49 1.52 September 1.18 1.15 1.17 Perr-nher . . 1,26 1.22 1.26

THE INDIANAPOLIS TIMES

PORKER MARKET GAINS STRENGTH AT STOCKYARDS Slaughter Class Cattle Are Active at Slightly Higher Levels. July Bulk Tod Receipts 24 9.380 9.60 9.65 4.000 25. 9.350 9.71* 9.70 7.500 26 9.00 H 9.50 9.50 2.500 30. 9.250 9.65 9 65 6.000 31 9.20® 9.60 9.60 6,500 Y* 9.20® 9.65 9.70 5.000 A somewhat better trend made its appearance in hogs at the city yards 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. Call 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 Rcceitps, 5.0(H); market, higher. Light Lights—-(l4o-160) Good and choice $ 9.15® 9.35 -Light Weights—-(l6o-180) Good and choice .... 9.60® 9.70 (180-200) Good -ind choice.... 9.60® 9.70 —Medium Weights—-(2oo-220) Good and choice... 9.40® 9.60 1220-0501 Good and choice 9.20® 9.50 —Heavy Weights—-(23o-2901 Good and choice 9.00® 9.20 1290-350) Good and choice.... 8.75® 9.00 —Packing Sows—-(27s-500) Medium and g00d... 7.00® 8.00 —Slaughter Pigs—-(loo-130) Good and choice 8.73® 9.10 CATTLE (Slaughter Classes) Receipts, 400; market, steady. —Steers—-(6oo-1100) Good and choice S B.oo® 10.00 Common and medium 6.00® 8.00 (1100-15001 Good and choioe 7.75® 9.75 Meduim 6.00® 7.70 —Heifers—-(sso-850) Good and choice 8.00®10.00 Common and medium 5.00® 8.00 . —Cows^ - Good and choice 5.75® 7.00.. Common and medium 3.75® 5.i5 Low cutter and cutters 2.00® 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, 700; market, higher. Vealers (Milk Fed) Good and choice $10.00®10.50 Medium 8.00®10.00 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® 5.0 G (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— Good and choice $ 8.50® 9.50 Common and medium 4.50® 8.50 —Ewes— Medium and choice 2.00® 3.60 Cull and common I.oo® 2.00 Other Livestock Bn 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, 57.50®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®9.25; packing sows. 275-500 lbs., medium and good. s7® 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 yearlings holding up best; 817-lb. kinds topping at $10.60; most fed steors. $8.50®9.75; slaughter catt e and vealers, steers. 600-900 lbs., good • and choice. $9.25 ® 11.25: 900-1.100 lbs., goo. and chuice. $9 ® 11.25: 1.100-1.300 t . ktod ano choice. S9® 11.25: 1,300-1,500 Ids., good and- choice. s9®ll; 600-1.300 lbs. common aid medium. $5.75®9.25; heifers. 550-850 lbs., good and choice. SB.SC® 10.25; common and medium, $5®9.25: cows, good and choice, 55.K0®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, $8.5.1®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. s9® 9.25; bucks mostly $8®8.25; rangers unsold, bqst held around $9.50: sheep and feeders unchanged: slaughter sheep and lambs, lambs 90 lbs. down, good and choice. $8.50®3.50; medium. $7®8.50; all weights, common. $5®7.50: ewes. 90-150 lbs., medium to choice. $2.25® 4: ail weights, cull and common. $1®2.75: feed; ing iambs. 50-75 lbs., good and choice. $6.20 ®6.73. Bn 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 0 9.50; too. $9.55; 220-240 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. *4®s: low cutters. $2.50® 3; flood and choice vealers. $10.25. Sheep-Re-ceipts. 1.500; market, steady to strong; bulk lambs to packers. $8.2508.50: few to etty butchers. $8.7509: throwouts. $4; ewes, [email protected]. B Un ; terl Press . _ . . PITTSBURGH. Aug. I.—Hogs—Receipts, 1.200; slow. 15®25c lower; sows, steady; 160-220 lbs.. $9.90010.15; 220-260 lbs,, $9.35 ®9.85; 200-330 lbs.. $8.7509.25; sows. s7®! 7.50; pigs. $9.250 9.50. Cattle—None, nominal. Calves— Receipts. 100; native 50@$1 higher; vealers. top. $11.50: medium to choice. sß® 11. Sheep—Receipts, t.OOO. fat lambs; steady to 25c higher; choice. $8.75 ®9.!5; medium to good. [email protected]. Bn United Press . _ , . CLEVELAND. Aug. I.—Hogs—Receipts. 1.200: holdovers. 10: steady to 25c lower; most desirable weights. 15®.25c off: 160-210 lbs. ouotes. $9.7509/5. or about 220-2ao lbs. downward to $9.40: 250-300 lbs.. $9. nigs. $9.50. Cattle— Receipts. 100: steers mostly 25c over Monday: s6®i.so kinds predominating: low cutter cow’s unchanged. S3O 3.50: bulls firm. Calves—Receipts. 425 mostly steady: few feds stronger; bulk good to choice vealers. sl3 downward; best. $13.50 and about: common to medium. $7.50®10 and better. Sheep—Receipts. 500: bulk lambs, $9.50 downward: few. $10: medium kinds $708.50; good aged wethers. $4.50. Bn United Press EAST BUFFALO. N. Y., Aug. I.—Hogs Receipts. 1,800: holdovers. 200; market very' uneven: medium weights about steady. . others 10® 25c lower: bulk 120-210 lbs.. $lO ® 10.10: few. $10.15: 220-250 lbs. $9,250 j 9 75- 250-300 lbs.. $8.500 9.15. Cattle—Receipts. 100: market, cow’s slow 2ac or more lower: cutter grades. $2®3.50. Calves— | Receipts. 400: market, vealers active. 50c® $1 higher: good to choice. *ll-50 to mostly sl2. Sheep—Receipts, 500: holdovers 600: fat lambs strong to 25c higher: bulk better lots, $9 50: common lightweights. s6®7 B/i Times Bpreia i . _ LOUISVILLE. Ind., Aug. I.—Hogs—Receipts, 1.000; market, steady: 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. 100; market, slow, steady: prime heavy steers, sß®9: heavy shipping steers. $6.50® 8; medium and plain steers. $5.50®6.50; fat heifers. $4.50 0 8.50: good to choice cows. [email protected]: medium to good cows. $3.50®4; cutters, $3.25®3.50: canners. s2® 3: bulls. $3.50® 5.50: feeders. $607.50; stockers. ss@6: calf receipts. 200> market, steady: choice, si® 8: medium to good. $5.50®6.50: common to medium. s3®s. Sheep—Receipts. 500; market, steady: ewe ana wether lambs. $8: buck lambs. $7: seconds. 8404.a0: clipped lambs. $2.50® 3.50. 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. 760; slow, generally steady demand, somewhat narrow for heavy weight butchers: tetter grade. 170-220-lb. weigh s, $9.5003.75: mostly $9.80 on 210 Its. down; some 240-270-lb averages. s9®9.{i); desirable 120-150 lbs., mostly $9.25; few S9: ome 160 lbs.. $9.50; sows, $6.7507. Cattle—Receipts. 200; calves. 250: steers nd heifers selling above *6: generally 2ac higher: spots 50c or more up on best light rearllngs; best weighty bulls 25c higher; other classes and grades, steady to strong, with demand improved: vealers. largely $1 higher: good and choice. *9® 10.50: lower grades, mostly $6®8.50: common and medium grass steers and heifers. ss®7; i-mall lots, good yearlings upward to (9: few $lO- most cows. $4.5005.50: low cutters and cutters, *2.50 04; best weigntv bulls. *6.25: bulk lighter weights. s4.so®b 50. Sheep—Receipts, 1.600: mostly (steady: better grade lambs, scarce; spots strong; buik good and choice. S9. to mostly $9.2509.50: medium grade and buck lambs. *6® 6.50: common throwoutt, $505.50; fat ewes, *3.5003.50, choice, *4.

BELIEVE ITORNOT

—^ : k GOD *. fcftVS, *•' ta, A GRAVESTONE (N CEMETERY, MMIIToM,OHI<> |930, Kmc F*tur Brndtc*U, Inr., Gr**t RrltiAl Hctot* MNmiU

Dow-Jones Summary

Railway Express Agency, Ire May rail transportation revenues. $11,37.769 after taxes. Interest, etc., against $14,193,202 in May, 1929. For five month- revenues totaled $49,494,664. New York Stock Exchange transactions in 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 Os federal reserve.bank credit outstanding during week ended July 30 was $934,000,000 a decrease of $43,000,000 from previous v.eek 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 $5,952,009,000. 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 *o a share on basis of one-half share for each share held rights expire Aug. 22. Timkln-Detroit Axle in first aix months earned 54 cents a common share against 76 cents a share in first half 1929. McCall Corporation in first six months earned *2.26 a share against $2.23 a share in first half 1929. June quartei *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 commoi share against SI.BB a share in first half 1929, Radio-Keith-Orpheum concluded booking arrangement whereby it will exhit't Universal pictures In Its houses. Lake Erie coal dumpings for season to July 27 totaled 18.877.107 tons against 602.893 last year, 14,728,972 in 1928 and 19,015,809 in 1927.

Net Changes

Bu United Press NEW YORK, Aug. 1. - Closing prices and net changes on principal stocks traded on the New York Stock Exchange today; Off. American Can 128 Vi 2% American and Foreign Power ... 72% 1% American Telephone 209% 2 s Bethlehem 81 % Consolidated Gas 104% 3% General Electric 69% % General Motors 45% ... International Telephone 45% ■% National Power 45% 1% North American 98% 2-< Public Service 90 2% Radio 42 % Sinclair 23% % Standard Oil of N. J. 72 Union Carbide 72% 1% United Corporation 32% !. United States Steel 165 V. ... Vanadium 97% 1% Westinghouse Electric 144% 1%

Local Wagon Wheat

City grain elevators are paying 72c for No. 1 red wheat and 70c for No. 1 hard wheat.

In the Stock Market

ißy Thomson & McKinnon* NEW YORK, Aug. I.—Largely under the influence of the weakness in the utility division, the stock market developed a hesitant tone today. Further rate reductions, giving rise to the possibility of more widespread movement of this nature, adversely affected the electric utility shares. Otherwise the market was rather barren of industrial news. Indicating that the wealth of the country has continued to grow during a period of depression, it is interesting to note that during the first six months of this year investtors have absorbed a vast amount of new securities. Os equal importance is the fact that in face of this, bond prices have steadily advanced and interest rates declined. Those in control of the financial welfare of the country have made it clear that they intend to keep credit cheap and abundant. It goes without saying that their chief concern in so doing is to foster industry and trade. Marketwise it has had the effect of diverting investment funds out of commercial channels, where interest rates are now so low, into securities which yield -more remuneratively. Bonds, as before said, have already reflected this tendency with prices but a fraction under the highest figures of the year. The trend of investment demand even now is beginning to spread to second-grade issues and taking in some preferred stocks. If running true to form, and we see no reason for thinking otherwise, security demand should ! broaden to. include the gilt-edge common stocks.

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

Chicago Grain Table —Aug. 1— WHEAT— Pr*''’Open. High. Low. Close, close. Sept.. .86% .87-/8 .85% .85% .86% Dec... .92 .93% .61 -91 .92% Mar... .96% .97% .95% .954 a .98% CORN— oct' Sept.. .87% .88’% .86% .87% .86% Dec... .82% .84 .82% .83% .81% Mar... .85% .87'/a .80% .86% .84% Sept A T S T36% .37% .36% .37% .36 ryc 40 41 J * .40 .41V8 .39 7 8 Mar.:. :% :% .42 s . .43% .42 s * Scot.. .55% .57% .55% .55% .55 Dec... .61% .62% .61 .61% .60 5 4 Mar... .56% .67% .66 .66 .65/2 ■4n^ RD 9 90 10 12 9.90 10.12 9.85 Oct 997 10.15 9.97 10.15 9.90 Dec..’ 9.50 £.BO 9.50 9.80 9.45 Se ® t ELLI f &_ 13.05 13.00 Bv United Press CHICAGO. Aug. I.—Carlots —Wheat, 373; corn. 151: oats. 147. Bv United Press * CHICAGO. Auz. I.—Cash frrain close: yyheat—No. 2 red. B5(W&6 l /i. c; No. 2 R'Sfr/fl6 l ic* No. 3 hard. 85c. Corn —No. - mixed 89^'89 ,/ 2c: No. 3 mixed. 89c; No. b 86 1 2C‘ No 1 vellow, 90c; No. 2 yd%w.edß9%:|9bc; o NO. 7 3 veUOV4 89@|9%c; g 0 atsi^ U t°sj o hi V 60't® 36 y v—*s.2s^ 5.50. Clover—slo.2s® 17.75. Bn United Press totfdo Auz I.——Grain close. \^hcat No 2°’ 85%®86%1 C°rn-No. vcl6<Rve—N o* a *2 70c. 2 Barley—No. 2 f. t riove -Domestic cash. $13.50: prime an- rmtober $14.35: December. 14°60 *AlsfkV-Cash be *lLßo; October. *l2: $14.60. AisiKe---^ ao . —Fancv cream?r e v eb ®42c $12 igits-Country r run! 18®20c. Hay—Timothy. $1.25 per cwt. B.u Times Special nurrsan Aug I.—Primarv receipts—4against’ 464.000; oats, 256,000, against 262.0UU.

Cash Grain

—August 1— The bids for car lots of grain at the caU h os the Indianapolis Board f. o. b., shipping point, basis 41/2C New Y Wheat-Ealv; e: No. 2 red, 79@80c; No. 2 Corn—F?rm 2BC No. 2 white. 85@86c; No. 3 White. 84® Ssc; No. 2 yellow. 83® 84c, No 3 yellow. 82®83c; No. 2 mixed. 82® 83c: No. 3 mixed. 81@82c- | oats —Firm; No. 2 white. 31,2®34,_c, i No. 3 white. 30%®31%c. Hav —Steady (f. o. b. country points taking 23%c or less to Cincinnati or Louisvule.)—No. 1 timothy. sl6; No.. 2 timothy. *ls No. 1 light clover mixed, *l7, No. 1 clover mixed $18; No. 1 clover hay, $-0. —lnspections Wheat-No. 1 red 20 cars; No. 2 -ed. 7 cars; No. 2 hard. 1 car, No. 1 mixed, 7 cars. Total—3s cars. Corn—No. 1 white, 4 cars; No. 2 white, 1 car- No. 3 white. 2 cars: No. 4 white. 7 cars; No. 1 yellow, 8 cars: No. 2 yellow, 9 cars; No. 3 yellow. 5 cars; No. 4 yellow. 2 cars; Sample vellow, 2 cars; No. 4 mixed. 1 car. Total—36 cars. Oats—No. 1 white. 1 car: No. 2 white 87 cars- No. 3 white, 9 cars; No. 4 white, 1 car: Sample white. 1 car: No. 1 rmxed. 5 cars: No. 2 mixed. 1 car. Total—lOo CS Rye —No. 2. 1 car. Total—l car. NEW YORK COFIfIE RANGE —Aug. 1-*-High. Low. Close. March |.73 5.64 5.68 May 5.60 5.08 5.63 Julv 5-60 5 - 5!) 5 55 September 6.46 6.38 6.40 December .- •• • _5.80 5.78 585

OIL IS KING I Oklahoma City Guihtr Fild—home of tht wild Mary Sudik—i on* of th world's greatest ■ i i Write m for the facts obout this tremendous pool—perhaps your opportunity. C. C. JULIAN Oil Operator Cotton Exchange Building Oklahoma City, Okla.

Home Kitchen Maife Foods There is but one place on the City Market to get these oldtime quality foods. Such as Oven Baked Beans, Potato Salad, Cup Cakes, Bran Muffins, Doughnuts, Jelly, Preserves, Cider, Apple Butter, etc. Moderate In Price Wyon’s Golden Rule Stand City Market Stand No. 106 Under Tomlinson Hall

E-tw/ Patent Office U \ Registered U. S, RIPLEY

HELD ON DRY CHARGE 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.

CHANGE OF TIME Effective Sunday, August 3 No. 46—Daily. Leave Indianapolis 8:30 a. m. for Anderson, Muncie, Cleveland, Toledo and Detroit; also daily except Sunday*, for Elkhart and Benton Harbor. No. 32—DEROIT-TOLEDO SPECIAL. Daily. -Leave Indianapolis, 10:15 p. m., arrive Toledo 6:05 a. m., Detroit 7:45 a. m. . For further particulars apply City Ticket Office, 112 Monument Circle, phone Riley 3322, or Union Station, phone RHfy 3355. J. P. CORCORAN, Division Passenger Agent BIG FOUR ROUTE

2-PAY RADIO SALE ALL-ELECTRIC RADIO ifliigl $ 2 OOWN i ad jiuiLimmiS 539.50 - $49-50 -$59.58 W COMPLETE: WITH TUBES! 90 Days’ Free Service —Free $ Use Your Credit at Chieago Jewelry • Cos.! —Lowest Prices!—Easier Terms aWWH ACROSS THE STREET FROM THE COURTHOUSE

Cars Washed Cars Greased 50“ Any Hour Day or Night No Extra Charge for Wire Wheels The Original 50c Car Wash Beware of Imitators CZI} INDIANA© liT Seryice l 1,1121 N. Meridian! I j

.AUG. 2, 1930

GRAIN OPTIONS LOSE GAINS IN CLOSING SALES Strength in Corn Is Main Supporting Factor; Oats Up. |Bn l nited Press \ CHICAGO, Aug. I.—Wheat closed ; sharply lower on the Board of Trade after ranging unevenly in a swing of about 2 cents. Buyers were cautious and the strength in corn was the main supporting factor. Corn was checked by profit-taking on every bulge and several times swung below the previous close but the undertone was very strong and at the last the market held good gains. Oats were firm most of the day, folj low corn closely. At the close, wheat was 1 to 1% i cents lower, corn was % to 1 % i cents higlier and oats were 1% to jl% cents higher. Provisions were ! more than 25 points higher. Reversing itself sharply, Liverpool closed % to % cent higher, aside from the confirmation of a large export business Thursday, there was no special news during the morning. Trading quieted down after the private estimates were received. Cash prices were unchanged. Receipts were 378 cars. The private estimates on the corn crop were fully as bullish as expected, showing a deterioration of 400,000.000 bushels since a month ago. The reports indicated a further reduction might still be seen if the weather did not change shortly. The crop condition was placed at 69.3. At midmorning prices showed good fractional advances after having set anew high on the present movement at the start. Cash prices were % cent higher. Receipts were 104 cars. The estimates on oats were bearish but less so than had been expected, and this with the strength in corn gave the market a substantial rise during the morning. The trade was without any special feature. Cash prices were unchanged. Receipts were 147 cars. DROP CAPONE CHARGES MIAMI, Fla., Aug. I.—Vagrancy charges long pending here aganist Scar face A1 Capone and several companions were dismissed in criminal court today and prosecuting counsel announced no further information would be filed in the matter.