Indianapolis Times, Volume 42, Number 75, Indianapolis, Marion County, 6 August 1930 — Page 12
PAGE 12
STOCK SHARES SELL DOWN IN DULLTRADING Steel Common Off 2 Points at Noon; Bears Show No Activity.
Average Stock Prices
Average of thirty industrials for Tuesday was 23? 47. up .11. Average of twenty rails was 132.06. uo .58. Avers*' of twenty utilities was 86.40. off 33. Average of . ferty bonds was 96 25. up .06. Bv United Press NEW YORK. Aug. 6—Having failed to push through the recent high on the movement in the industrial average Tuesday, the stock market today lost its vigor and sagged off in repetition of the 1926 trading pace. Tickers lagged along through the morning with prices continually ' drifting to lower levels. Bearish pressure was absent, however, and few weak spots developed. One of these was Southern Railway, which broke to 84, off 3 points net, anew low since 1925. Other rails were dull and irregular. Steel Sells Off Steel common reached 169 in the early trading, unchanged from the previous close, but around nc*.n it was down to 167, off 2 points net. Other industrial leaders followed with Westinghouse Electric at 147, off l 1 *: General Electric 71, off 1%; American Can 131%, off %; American Tobacco B 252, off 214, and J. L Case 152%, off 1%. Warner Brothers was a strong spot in the amusements for a time, rising to 3714, up 114. Toward noon it was easing with the remainder of the list. Other amusements were easier with Radio-Keith-Orpheum off % at 31% and Paramount off 1 at 5814. Oils Hold Steady Oils held steady in dull turnover; utilities declined fractions to more than a point. Motors held steady. A few special issues, Including Drug, Inc., United Stores preferred, Johns Manvtlle, General Foods and Grigs-by-Grunow, made small gains. Park & Tilford made anew low for the year at 13%, off 1%, on belief directors would pass the dividend. Call money renewed at 2% per cent and was steady at that figure. Grains and cotton were higher. New highs for the season were reported in all deliveries of com, March and May wheat and oats.
Banks and Exchange
INDIANAPOLIS STATEMENT Indian*Dolls bank clarlnes Aug. 6. *3.409.000; debits. $6,000,000. CHICAGO STATEMENT £/ Vnited Prr** , , . 4<l . CHICAGO. Aur. 6.— Bank clearings, *89.800.000; balances. *9.000.000. NEW YORK STATEMENT Bn T'nited Press _ . NEW YORK .Aur. 6.—Bank clearings. *1.119.000.000; clearinß hous* balance. *151.000.000. Federal reserve bank credit (balance. *140.000.000.
On Commission Row
FRUITS Apples—Yellow Transoarent. $262.50 a fcushel; Duchess. *1.7562.30: Carson. *3., Aoricots—California. Royal, $2.5062.70 a 20-lb. crate. Black be ries—Michigan. *0.50 a 24-ouart '"cherries—California. 8-lb. bos. *3; MichlRan. 24-ouart crate. $3.256 3.50. Currants—Michißan. *3®3 25 a 16-quart "^Dewberries—l6-ouart crate. *3.2563.50. ERRDlant —Southern. *1.50 a dozen. Gooseberries —Michißan. *3.75 a 16-ouart (rite. Grapefruit—lmperial Valley. *6.5068.50 * Gripes —California, seedless. *4 a crate; Malaaa. lur. *2.7563. Huckleberries—*s a 16 ot. crate. Lemons —Fancy California. *7.5068 a crate. Limes—Dominican. *2.50 a 100. Melons— Cantaloupes. Arkansss standards. *3.50 a crate; Jumbo. 53.006 3.75: Indiana, flats. *1.25: Jumbo. *1 50; Honey Ball. 366455. *494.50; Honey Dew. *3 a crate. Watermelons—34-Ib. average. 604* •sc. Orance*—California Valencia. *5.7589 'Teaches—Georgia. Hiley Bell. *2.25 a one-half bushel basket: Alberta. *4 a bushel. Pears—California Bartlett. *4.25 a box. Plums—California, blue. red. yellow. *1.75 02 25 a basket crate. . _ Raspberries—Red Mlchiean. *3.5064 a 24-pint crate; black. *[email protected]. VEGETABLES Beans—Marlon county. strinßless. *2.25 a bushel: wax. *1.25 a Climax basket: Kentucky Wonders. *2.2582.50. Beets—Home-crown. 25c a dozen bunches. Cabbaae— Home-crown, new. *1.2561. <5 a barrel; J'sc a lb. . . . Carrots—Marion county. *1.25 a bushel: 85c a dozen bunches. Cauliflower—Home-grown. *1.5083 • bushel. Celery—California: *6 crate of 4s: Michigan. Si: Florida, washed. 50c a dozen bunches. , . .. Corn—Roasting ears. Marlon county. Ja 640 c a dozen. . Cucumbers— Home-grown, hothouse. 7tc o*l a dozen. Eggplant—Marion county. *2 a dozen. Kale— Home-grown. 75c a bushel. Lettuce— Washington Iceberg. *5 a crate of 4s ss: extra fancy Marion county leaf. 7se a 15-R>. basket. . Mushrooms—3-lb. basket. *3. Onions—Green, home-grown. 30c a dozen bunches: new Texas vellow Bermuda. *2 a crate: Marion county Yellow Globe. *1.50 a bushel: white. *2. Parsley—Marion county. 50c a dozen bunches. . __ Peas—Telephone, home-grown. *2..5 • Peppers—Southern. *1.5082 a hamper. Radishes—Hothouse, button. 40c a dozen bunches: lone red or white. 30c. Rhubarb—Home-grown. 35c a dozen. Spinach-Home-grown. 75c a bushel Souash—Marion county. *1.50 a bushel. Tomatoes—Marlon county. 90c a 10-lb b *Turntoe—New. *1.50 a bushel: Marlon county. 45e a dozen bunches. Potatoes—Colorado Russets. *3 50 a 100lb. bag: new Cobblers. *4 a barrel: sweet Tennessee. Nancy Hall. *3: Southern. *3.50 • bushel
Retail Coal Prices
Coke, nut sise * jj-75 Indiana* forked lumo } 750 5.75 Indiana mine run -7J£5 §® Wert virg.nia lumo S'lsSi'S West Vlnrlnla eat 6-50g7.50 Kentucky fume [email protected] Pocahontas shoveled lumo 8.50 Pocahontas forked lumo * 50 Pocahontas mine run ‘ J® New River Smokeless shveld. lp. 850 New RlTer Smokeless fkd. 1p... *SO New River Smokeless mine run 750 Anthracite 16.75 Jsc per ton discount for cash. Building Permits Mrs Mannint. repairs. North Hamtl’h. repairs. 2904 North Olnev, $2(V>. Charlotte Cook, repairs. #SB Kims. 83.000. Leland Realty Company, earate. 3020 East Wasehtngton. 8350. .. Charles Pea. repairs. 2631 North Alabama 8300 Herron Art Institute, repairs Sixteenth and Pennsvlvanla. 87.000. Sam Corey, aaraae. 2126 North Olnev CMan Ralston, garage. 1368 Bardsal parkwav. 8350. Woman, Accidentally Shot. Dies B’i r'nifed rres* MARION. Ind.. Aug. 6.—Loss of blood caused the death of Mrs. Emma R. Corey, 60. after an artery was severed by a shot from a gun accidentally discharged by her husband. Guln Corey. Heat Fatal to Newspaper Man ATLANTA. Ga.. Aug. 6.—Robert Moran. 46, night city editor of the Atlanta Constitution for twenty years, died of the heat here.
New York Stocks ■■■' l ' IBt Thomson 6* McKinnon 1
—Auf. 6 _ Prer. Railroad*— High. Iff t 11:36. cloe. Atchiion 216*4 217% 317% 318 *,o Atl Coaat Une ••• J*] Bolt & Ohio 104., 10*,. Chew * Ohio 10% I<’j Cheso Corn Chi Ort west 11 J* Chi 1 CRI & P 4441 , I?} Del L& W 113% 13}* Del * Hudoon !**!• 156 a Arte 41% 41 a Illinois Central.. .. 11*% Kan City 8c 63 Lou A Nash.... .. ... ... 120 M K * T 40% 38% 36% 40 Mo Pacific **% Mo Pacific pfd ••• 124 N Y Central. 165% 166 Nickel Plate JOSH NY NH St H 106?* Pennsylvania 75 74% 74% 74% So Pacific . ... 116 1-0 Southern Rv 86% 64 84 87 St Paul 14 13% 14 14% St Paul Did .. ... 32% 22% 8t L Sc 8 R... 80 83% *B% 90 Union Pacific 230 Wabash % W Maryland 24 24% Eanlpments— Am Locomotive 44,* Am Steel Fd 0% 40 Oen Am Tnak.. .. ... ••• , *s% General Eire 72% 71V. 71% 72% N Y Air Brake 38% pSilman 11 ‘69% 69% Westlngh Ei r ec B ‘.‘l i44% ii% 146% Robber*— Fisk 3% 3% 2’.* 2% Goodrich 25 24% 25 25.* Kellv Snrgfld 3's 3% Lee Rubber ■_ _"2 U 8 Rubber ® 21 ,s Auburn - ■■■ 132 a Chrysler 30 29% 29% 30 Graham Paige.. ... •% General Motors.. 46% 46% 46 a 46 a Hudson “4_a p“kard-.::::::: is 14% u% is Pierce-Arrow 20 Reo ,?,4 Studebaker Sij? Yellow Truck 25% 2a ,a Motor Accesa— ~ viatlon.’. i! "! *32% g£ 22% 23'i ‘22% 22}'. Houda II * Stewart Warner 26 Tlmkin Roll 66 66 Am Smelt B 8 **,, Am Zinc .. ••• 14,, l°i? Anaconda Con.. 51 50% 50 ,0 50* Cal & Hecla "% Cerro de Pasco i Freeport Texas ••• 45,* Great Nor Ore.. ~4 ,4 21 Int Nickel 33% 23 23 23% Insnlration .... .. •••,, -44., i" 7/ Kennecott Cop.. 39Va 39’,* 39 a 39 a Magma Cop ?S /a Miami Copper JI Nev Cons Texas Gul Sul s*/ 59 * V S Smelt 20 Oil*— Amerada Am Republic ... ~ -44 Atl Refining 37Va 37 37 37 j? Barnsdall •• , ••• 23% Houston 85 85 8 Ind Oil 21H 21U 21J ff Indian Reflninj? .. ft Mex Sbd 23 V* 23% 23 /* 23,a Ph?lllps ntl . .V.V.V 33% '33 33 33V* ® m 8$ Rov*l*Dutch S3-. s">: Sal S3;' ISM".::::::: s •** •* 88 Skellv .. ... 31 . Standard of Cal. 64% 63% 63% 65 Standard of N J 73% 72% 72% 73% Standard of NY .. ... 32% 32% Texas Cos 53Va 53 53 b2'/# Steels— .... .... Am Roll Mills.. 56% 55% 551 j 56% Bethlehem 83% 83 83 83 Vi Byers AM 71 72 Colo Fue1....... 51% 51% 51% 52% Ludlum - 27 Midland , ... 34 ... Repub X & 8... 46V4 46% 46% 46% US Steel 169 167% 167% 169% Vanadium 100% 99% 100 V* 100% Youngst 8 & W 35% Youngst S&T 120 Tobaccos — Am Toba a cc r o ft '(A)"24B% 247% 247% 249% Am Tob (Bl 255% 254% Lig & Myers 8.. 94 93% 93% 94% Lorlllard 23% 22% 23 23 V* Reynolds T0b.... 50% aO% 50% M Tob Pr A 12% United Cig 6 % Adams Exp .... 27% 26% 26,a 27% Am For Pwr 73% 72*2 72% 73% AT&T 214% 212 212 213?* Col Gas &El 63’, a 63 63 64 >% Com & Sou . . .44 13 a J* El Pwr & Li.... 71 69% 70 7L* Gen Gas A.... 9% 9% 9% 9% Tntl T&T ••• 45*, 4 46 1 Natl Pwr & Li.. 46% 46% 46% 46% No Amer Cos .. ..100% 99% 99’% 101 Pac Gas & El.. 56% 56 56 ... Pub Serv N J... 92 91V* 91V* 92%
In the Stock Market
<By Thomson & McKinnon) NEW YORK, Aug. 6.—Steel operations a year ago this week began to turn downward with trend for a midwinter spurt, did not culminate until last month with its seasonal shutdown. * While some disappointment is felt over the fact that operations of the current week did not make a larger gain, nevertheless it is contended that the present week marks the beginning of the upswing which should carry through for the balance of the year. If the Chrysler July report of automobile shipments can be taken as a criterion, the industry as a whole from now on should make relatively a much better showing. Considering conditions prevailing it makes a fairly descent comparison with a year ago. The oil industry continues steadily improved, its * statistical position particularly with reference to gasoline stocks. With other important enterprises expected to join with the major in increasing their activities, we believe we have sufficient grounds for better security values.
Produce Markets
Eggs (Country Run*—Loss off delivered in Indianapolis. 17c; henerv duality No. X. " J Buying Pricsel—Kens, weighing 4'j lbs. or over. 23c: under 4% lbs.. 18c. Leghorn hens. 14c: springers. 2 Vi lbs. or over. 21c: under 2Vi lbs.. 18c; Leghorn springers. 15c; old cocks. 9010 c; ducks, full feather, fat whites. 9c: geese. 6c. These prices are for No. 1 top duality, uuoted by Kingan & Cos. , Butter (wholesale)—No. X. 40®41e, No. 2. 37 0 38c. Cheese f>t (whoiesale selling price per pound(—American loaf. 31c: pimento loaf. 32c Wisconsin firsts. 27c; longhorns. 34c. New York Llmberger 36c. Bu United Press NEW YORK. Aug. B—Flour—Dull. but firm; spring patents. $5.1035.50. Pork Steady; mess. $30.50. Lard-Strong; middle west spot. sllOll.lO. Tallow— Steady; special to extra. sV(is*ic. Potatoes—Dull and weak; Long Island. 75c 1 ,52.50 barrel; Jersey. 75ef>$3 basket. Sweet potatoes— Dull; southern baskets. 60C082.50. Dressed poultry—Quiet and firmer: turkeys. K*i 42c. chickens. 20036 c: fowls. 14 0 29c: ducks. 121015 c; ducks. Long Island. 130 i?c. Live poultry—Steady to firm: geese. 10013 c; ducks. 1222 c; fowls. 15 0 33c: turkeys. 200 25c; roosters. 16c: broilers. 18 631 c. Cheese—Quiet: state whole milk, fsncv to special. 24026 c; young Americas. 13025 c. Bu Untied Press CINCINNATI. Aug. 6.—Butters—Steady: creamery In tub lots according to score. 33036 c; common score discounted. 2@3c; packing stcok No. 1. 37c: No. 2. 20c: No. 3.15 c: butter fat. 35037 c. Eggs—Steady: cases, included: extra firsts. 28c: firsts. 23c: seconds. 18c: nearby ungraded. 22c. Live poultry—Thin and coarse stock sells only at heavy discount: fowls. 5 lbs. and over 19c: 4 lbs. and over. 16c 3 lbs. and over. 15c- Leghorn. 3 lbs. and over. 13c: roosters. 12c: colored fryers over 3 lbs.. 26c: broilers colored over 2 lbs.. 25c; broilers over l'i lbs.. 2c3: lVi lbs. and over. 20c Leghorns snd Orpington broilers over l'i lbs.. 22c: IV. lbs. and over. 19c: broilers partly feathered. 15018 c: black springers. 18c. - Bu United Pres* CHICAGO. Aug. 6—Receipts. 2.406 cases: extra firsts. 24'j25c: firsts. 24c; current receipts. 200 23'sc: ordinaries. 15017 c: seconds. I2ei4>ic. Butter—Market, steady: recetpts. 8.118 tubs: extras. WVi@S6*c: extra firsts. 35>a0J6e; firsts, 3S‘je34>ac: seconds. SOS 32 Sc: standards 36' 3 c Poultry—Market, firm: receipts. 3 cars; fowls. 21c: springers. 26027 c: Leghorns. 14c: ducks. 14017 c: geese. 16c: turkeys. 18c: roosters. 16c: broilers. 21c. Cheese— Twins. 165017 c: voung Americas. 18c. Potatoes—On track. 175: arrivals. 16: shipments. 386: market, slightly stronger: Kansas and Missouri sacked Irish cobblers. $1.600 1.75: Minnesota sacked early Ohlos. $1.4001.60: Idaho and Colorado sacked Bliss Triumphs. 82.500 3.55: Virginia barrels. Irish Cobbler*. *2.9003.20. B” r nitrj Pres* CLEVELAND. Aug. 6.—Buttvr—Steady: extras. 40*c: evtra firsts. 40‘*c. Eggs— Steadv: extras. 29c- firsts. 11V*c; ordinaries. Uc. Poultry—Steady: fowls. 23623 c: medium. 23c: Leghorn. 15016 c: heavy springers. 23038 c: over 3 lbs.. 36030 c: Leghorn springers. 18031 c: ducks, 18030 c; otd cocks. 14016 c: geese. 30c. Potatoes—No ouetts. |
Bo Cal Edison.. S7V4 37 57,, ... Btd O & El ... 95% 94% 94% 97 United Corp .... 32% 32% -2'* 32% Ut Pwr & L A.. 33% 33 ? 32% 34 We*t Union 171 Shiwpiot— Am Inf! Corp.... 35% 35% 35% 25% Inti Mer M pld 22 United Fruit 88 Am Sugar . 52% 54 Armour A 5% 5% 5% 5% Can Dry 64% 84 64 Coca Cola ... 177 Corn Prod 93 92% 92% *4% Gen Foods 55 54? 55 54% Grand Union ..... I*-* Hershey 96% 96 >2 Kroger 25% 25% Nat Biscuit 66% PUlsbury 33 Safeway St • • • , 4?* Std Brands 20% 20% 20% ... oXPET 21% 21 21% 31% Lambert Cos ... ... ... 92% Lehn & Fink.... 29% ... 39% 29 Industrial*— Am Radiator 26% 26% Bush Term ~ .... ... 37 Certalnteed .... 7% 6% 6% .. Otis Elev 68% 63 66 66 Indus Che ms— Allied Chem ....26* 266% 256% 270% Com Solv 26 35% 25 26% Union Carb .... 73% 72% 73V* 74% U 8 Ind Alco.. 68% 63 63 70 Retail Store*— Assoc Drv Gds.. .. ... 34% ... Glmbel Broe ... 11% 11?* Kresge S 8 29% ... 29% 29% May D Btore ... ... 42% Mont Ward 35% 35?* 35Vi 35?* Penny J C 54 Schulte .Ret 8t 6Vi Sears Roe • - •••„ ■ f 2l/ a Amusements— .... Bruns Balke 16 >i Col Graph 17% 17% 17% 17% Croslev Radio ... _}3% Eastman Kod ...211 209 209 214 Fox Film A 46% 46 46 46% Grigsby Gru 16 15% 15% 15% Loews Inc 72 71 Vi 71% 71?* Param Fam 58% 58Vi 58Vi 59% Radio Corn .... 44% 43'i 44% 44% R-K-O 32% 31% 33% 32? Warner Bros 36'/a 36% 36% 36 Miscellaneous— Airway Ann *7 ... City Ice & Fu 42% ... Am Can 131% 129% 130 131% Cont Can 59% 59 59 59}* Curtiss Wr 7% 7% 7% 7% Gillette S R.... 82 79% 81 Vi 82% Real Silk
Indianapolis Stocks
—Aug. 6 Bid. Ask. Amer Central Life Ins So.. 1,000 Belt R R & Yds Cos com 59',i 63 Belt R R & S Yds CO pfd 56 61 Bobbs-Merrill Cos 30 33% Central Ind Power C o pfd... 90 94 Circle Theater Cos com 106 Citizens Gas 27 Citizens Gas pfd 97 101 Commonwealth I Cos pfd 1% ... 98 103 Commonwealth LCo pf 854.. 99 Hook Drug Cos com news 23 25% Ind Hotel Cos Claypool c0m..125 Indiana Hotel Cos pref 100 104 Indiana Service Corp pref.... 86 Indianapolis Gas Cos com .... 57 61 Indpls North Western Indpls Power & Lt pfd... 103 105 Indpls Pub Wey Loan As com. 53 Indpls St Ry Cos pfd 10 11 Indpls Water Cos pfd 101 103 Northern Ind Pub 6% co pfd.. 99 101 Northern Ind Pub 754 co pfd.. 107 110 Interstate Pub Serv 754 100 104 Metro Loan Cos 99% ... Northern Ind P 5%% co pfd.. 92 97 Northern Ind Pub 6C9 pfd 99 101 Progress Laundry Cos c0m.... 44 47 S Rauh & Sons Fer Cos pfd... 47 Real Silk Hosiery M Inc pfd.. 90 Shareholders Investors C 0.... 23 Standard Oil of Ind 50% ... T H I & E pfd 9 11 Terre Haute Trac L Cos pfd... 79 83 Union Title Cos common 40 47 Van Camp Prod Cos Ist pfd 98 Van Camp Prod Cos 2nd pfd.. .. 98 BONDS Belt R R & Stock Cos 5s 91 Broad Ripple 41 Central Indiana Gas Cos 55... 99% ... Central Ind Power Cos 6s 98% Citizens Gas Cos 5s 102 103% Citizens Street Railroad 55.... 42 43 Home T & T of Ft. Wayne 6s. 102 Ind Northern Trac Cos 2% 5 Ind Ry & Light Cos 6s 95 Indiana Service Corpn 5s .... 88 Indpls Power & Light Cos 55.. 99 103 Indiana Union Trac Cos 55.... 7 IndDls Col & Trac Cos 6s 90 Indianapolis Gas Cos 5s 100 104 Indpls & Mart Rapid TCo ss. 6 ... Indpls No Trac Cos 5s 12 15% Indpls North Western Cos Indpls Street Ry 4s 29 30 Indpls Trac Ter Cos 5s 81 84% Indpls Union Ry 6s 100 5 /* ... Indpls Water Cos 5%s 103'/* 104'% Indpls Water Cos 5s 99 Indpls Water Cos lie & ref.... 99 Indpls Water 4%s 94’% 96 Indpls Water W Sec Cos 55.... 87 Interstate Pub Serv Cos 4%s ..91% ... Interstate Pub Ser Cos 5s 93 Interstate Pub Serv 6%s 103 No Ind Pub Serv Cos 5s 101% ... No Ind Teleohone Cos 6s 98% 100 T H Ind & East Trac Cos 55.. 70 T H Trac Light Cos 5s 85
Local Wagon Wheat
City grain elevators are paying 77c for No. 1 red wheat and 75c for No. 1 hard wheat.
New York Bank Stocks
—Aug. 5 Bid. Ask. America 95 96 Bank of United States.... 39Vi 40V4 Bankers i39*/a 140 U Brooklyn Trust 690 705 Chase National 140 141 Chatham Phoenix National 106 108 Chemical 63 S4'.i City National 128% 129% Corn Exchange 158 vi 159 Vi Commercial 370 380 Continental 271 i 28’/* Empire 82 84 First National 4,825 4.900 Guaranty 617 621 Irving 49'/i 50 Manufacturers 90 9iy 2 New Yore Trust 242 244 Public 10314 105 Chelsea 33 36 Marriage Licenses Harry M. Zuckerberg. 29. of 1001 South Meridian, merchant, and Rose Coplen. 23, of 1105 South Capitol, stenographer. Fred Bever. 43. of Pendleton, clerk, and Ida M. Pemberton. 46. of 2122 East Washington. Albert Sims. 51. of 624 West New York, laborer, and Nora Bennett. 36. of 528 Chadwick. William K. Stubbleblne. 27. of 815 East Fifty-third, salesman, and Thelma C. Fiant. 25. of 526 East Fall Creek boulevard. Leslie T. Barkley. 22. of 1817 North New Jersey, electrician, and Ora I. Stewart. 19. of 725 East Twenty-second. Births Boys George and Ira Million, 1138 West Twen-ty-ninth. William and May Hinkley, 2027 Singleton. Elijah and Anna Reed. 842 West Vermont. Paul and Margaret Overman, city hospital. Claude and Alberta Miller, city hospital. Stanley and Rosa Gartin. city hospital. Thomas and Octavia McClurv, 1148 North Sheffield. Andrew and Emma Allen. 1744 Yandes. Jack and Katie Armistead. 810 West Twenty-seventh. Girls Cecil and Levada Hayworth. Christian hospital. Calvin and Thelma Williams. 2228 ColumOil. William and Martha Mosier. 850 Udeil Harry and Opal Allgood, city hospital. Fre dand Violet Mlnkner. city hospital. Benjamin and Nellie Harvev. citv hospital. Henry and Stacey Barnes, city hospital. Howard and Eunice Downton. citv hospital. Claude and Margaret Greer, citv hospital Marcellas and Norine Williams, citv hos- < Difal. James and Emma Long. 2932 Martindale. Vernon and Irene Morgan. 551 Vinton. Arnold and Elsie Loftus. 2130 North Montcalm. Phillip and Thelma Hawkins. 1013 West New York. Glen, and Bernice Young. 2367 North Oxford. John and Katie Hayden. 121514 East Twenty-third. Charles and Mary Emilr. 609 North Pine. William and Julia Bradley. 2445 Indianapolis. Paul and Lyra Carr. 3062 Cornelius. Deaths John E. Cathcart. 59. Central Indiana hospital, gastro enteritis. Maria Bechman. 55, 1132 Central, acute cardiac dilatation. George Connert. 42. city hospital, hvDostatic pneumonia. Gertrude Waymire. 65. city hospital hypostatic pneumonia. Carl J. Baker. 61. 1528 Edgemont, chronic myocarditis. Fred L. Bowhav. 48. 236 North La Salle, coronarv occlusion. John Henrv. 70. city hospital, ’chronic myocarditis. Wallace Cobb. 39. city hospital, accidental. Mabel Hastings. 42. 2356 Cornell, carcinoma. Louis F. Enkelking. 62. 839 South Meridian. angina pectoris. Robert H. Matheson. 80. 1337 Lee. pulmonary tuberculosis. Charlotte J. Landis. 50. 414 East Seventeenth. chronic colitis. - Mary B. Murray. 64. 3034 EBgiisn. uremia. Edgar Lu Hall. 60. Long hospital, cerebral hemorrhage. Ella Fains McCrea. 77. 2255 North Ne* Jersev. chronic myocarditis. Nick Angela, 48. 346 Virginia, chronic myocarditis. Donna Fax Carr. 8 davs. St. Vincent’s hospital, cerebral hemorrhage. Virginia Yount. 15. Rilev hospital, apMahala A. Kepler. 77. 17 Brookvllle road. Joseph *P° D Hofltatter. 79. 1404 East Hew GeoTge°K*rae£ a< W°dy.' Methodist bo*pitaL icterus sirrk
THE INDIANAPOLIS TIMES
PORKERS SHOW WEAKER TREND AT CITYYARDS Tendency Is Steady to Down in Cattle Trade; Veals Unchanged. A 2 U *- 9 3&.75 T 9°?s *"*l% 4 9 50010.00 10 00 4.000 5 9 soeio.oo 10.00 7 000 6? 9.50® 9.85 9.85 5,500 Light hogs showed slight losses this morning at the city stockyards, other classes holding about steady. The bulk, 160 to 260 pounds, sold for $9.50 to $9.85, top price represented by the $9.85 figure. Receipts were estimated at 5,500 holdovers were 483 In the cattle market light steers and heifers were steady, others showing a weak to lower trend. Receipts were 900. Veals were steady at $11.50 down. Calf receipts were 700. Sheep were steady with receipts of I, Lambs sold at $9.50 down. Chicago hog receipts were 15,000, including 4,500 direct. Holdovers were 3,000, The market opened slow with a few bids and sales steady to 10 cents lower. The bulk, 170 to 210-pound weights, sold at $9.80 to $9.90; few 220 to 230-pound weights, $9.65 to $9.75; packing sows, $7.85 to $8.20. Cattle receipts were 11, sheep, 16,000. HOGS Receipts, 5,500; market, lower. —Light Lights—-(l4o-160) Good and choice .. .$ 9.50® 9.70 —Light Weights—-(l6o-180) Good and choice.... 985 (180-200) Good and choice... 9.75 —Medium Weights—-(2oo-220) Good and choice ... 9..5 (220-500) Good and choice 9.50® 9.75 —Heavyweights—-(2so-290) Good and choice 9.25® 9.50 (290-350) Good and choice .... 9.00@ 9.2. —Packing Sows— .• • •• • ■■■ (275-500) Medium and good .. 7.25® 8.00 —Slaughter Pigs—-(loo-130) Good and choice 9.00® 9.40 CATTLE (Slaughter Classes) Receipts, 900: market, steady. —Steers—-(6oo-1,100) Good and choice $ |-*53 1 2-S2 Common and medium .... 6.00® a.ao (1100-1500) Good and choice Medium *- 50 @ 8 25 —Heifers—-(sso-850) Good and choice Common and medium o.oO® B.jo —Cows— Good and choice Common and medium 4.00® 5..5 Low cutter and cutters 2.50® 4.00 —Bulls (Yearlings excluded)— Good and choice beef .... *-555? 72S Cutter, common and medium. 3.50® 5.50 CALVES AND VEALERS Receipts, 700; market, steady. Vealers (Milk Fed) Good and choice 81 i’22^;i'nn Medium 9.00®11.00 Cull and common ............ 6.00® 9.00 Calves (250-500) Good and choice 122S 252 Common and medium 5.00® 7.00 STOCKER AND FEEDER STEERS (500-600) Good and choice 2'li? Common and medium 4.00® 5.50 (800-1050) Good and choice ?-595? 7 r 5 Common and medium 4.50® 5.50 SHEEP AND LAMBS Receipts, 1,500; market, steady. —Lambs— Good and choice $ 8.50® 9.50 Common and medium 4.5Q® 8.50 —Ewes — Medium and choice 2 -22S 2 22 Cull and common I.oo® 2.00
Other Livestock By United Press CHICAGO. Aug. 6.—Hogs—Receipts, 15,000, including 4,500 direct: slow, steady to 10c higher: top $9.95: bulk, 170-210-lb. weights. *989.75; packing sows. $7.85 @>8.20: few light weights, *8.2568.40; light lights. 140-160 lbs., good and choice. $9,256 9.85: light weight 160-200 lbs. good and choice, *[email protected]; medium weights, 200-250 lbs. good and choice, [email protected]: heavy weights, 250-350 lbs. good and .\->ice. $8.60 69.50; packing sows, 275-500 lbs. medium and good, [email protected]; slaughter pigs. 100-130 lbs., good and choice $8.25 8 9.40; she stock steady to lower; other classes unchanged: slaughter cattle and vealers. steers 600-900 lbs. good and choice. $9.25611: 900-1,100 lbs., good and choice. s9@ll: 1.100-1,300 lbs., good and choice, $8.50610.75: 1,300-1.500 lbs., good and choice* $8.50610.50 ; 6001.300 lbs., common and medium $5,758 9: heifers. 550-850 lbs., good and choice. [email protected]; common and medium. $56 9.50; cows good and choice. $5.5087.75; common and medium. $3.75 6 5.50; low cutter and cutter, [email protected]; bulls yearlings excluded, good and choice (beef), $6.2566.75: cutter to medium. $566.75: vealers (milk fedi. good and choice. $lO6 12: medium. s9@lo: cull and common $6.5069: Stocker and feeder cattle: steers. 500-1,050 lbs., good and choice. $6.50® 7.25: common and medium. $4.7566.50. Sheep—Receipts. 16,000: native lambs mostly weak to 15c low'er: choice kinds scarce; lighter sorted ewe and wether lambs. [email protected]: bucks mostly. $8 68.25; westerns unsold: few fat ewes. $3 63.75; steady, slaughter sheep and lambs, lambs 90 lbs. down, good and choice. $8.75 @ 9.75; medium $7.2568.75: all weights common $5 67.25: ewes 90-150 lbs., medium to choice. $2.2564; all weights cull and common. $162.75: feeding lambs, 50-75 lbs., good and choice. [email protected]. Bi' United Press CINCINNATI. Aug. 6.—Hogs—Receipts, 2.462. including 862 direot: heldovers 480; market on hogs was unevenly steady to 10 cents lower: better grade. 170-230 lbs.. $9.65@10: mostly $lO on 210 lbs. down; some 260-310. lbs.. $8.75 6 9.25; desirable 120-160 lbs. mostly $9.50: sow’s. $6.75 to mostly $7; few smooth lightweights. $7.25. Cattle—Receipts. 750: calves. 300: steers and heifers slow, mostly 25c lower: demand narrow for lower grade; some common and medium. $5.2586.50, with more desirable light heifers upward to $8.50: cows and bulls about steady: most beef cows $4.75 65.75: bulk low cutters and cutters. $364: best bulls. $6.50; vealers active largely 50c higher: good and choice, $10.50611.50: lower grade. $6610. Sheep —Receipts. 23,000: lambs, fairly steady to weak: spots lower: good and choice lambs. $969.50: few upward to $10; medium grade mostly $666.50: some at $7: tommon throwouts largely $565.50: fat ewes steady at $2.5063.50; best lightweights up to s4'; culls downward to sl. Bn United Press EAST ST. LOUIS. Aug. 6.—Hogs Receipts. 11,000; market uneven, steady to 10c lower; bulk. 150-225 lbs.. $9.5669.75; many held higher; 225-260 lbs.. $9.456 9.65: sows. $7.4067.65. Cattle—Receipts. 4.000; calves, receipts 2.000; market, some wellconditioned light and mediumweight steers steady to strong at $10.15610.25; otherwise native steers slow; western steers, slow; vealers 25c lower at $11.50; other classes steady. Sheep—Receipts. 1.500: market, no early sales, generally asking steadyl; asking $8.75 69.25 for good to choice lambs. Bit United Press CLEVELAND. Aug. 6.—Hogs—Receipts. 900: holdovers, none: steady to 15c higher: top and bulk. 160-210 lbs.. $10.25: 220-250 lbs.. $9.75 downward: 250-300 lbs.. $9.25: .pigs. $9.50: few towards. 140 lbs. quoted. W. 75: rough sows, $7.50; stags. $5.50. Cattle—Receipts. 700: draggv. steers. 256 50c under Monday, cows sharing part of decline: aroum. $5.2586.65; predominating, few $7.25: clearance incomplete, cutter grades cows. $2.65 6 3.50. Sheep—Receipts 1.600: lambs, slow: around 25 6 50c lower; bulk good to choice. *9 8 9.50; few choice held upward to $10: common to medium throwouf*.' *6B 7.50; sheep, steady. Bn United Press TOLEDO Aug. S.—Hogs—Receipts, *SO; market, steady: heavies. *8.5069: mediums. *9.2569.75: Yorkers. *989.50; pigs. *96 9.50. Cattle—Receipts. light: market, steady. Calves—Receipts, light; market, strong to 50c higher. Sheep—Receipts, light; market, steady. Bn United Press PITTSBURGH. Aug. 6—Hogs—Receipts. 1.500: market, steady: 140-250 lbs.. *9.50® 10 30: 250-350 lbs.. *8.7589.50: sows and pigs steady; good sows. *7.50 freely: pigs, *969.50. Cattle—Receipts. 10: market, steady: low cutter cows. *2.256 3. Calves— Receipts. 150: market, steady: good and choice vealers. *9.50812: common to medium. *B6 9. Sheep—Receipts. 800: market, steady: choice fat lambs. *9.50 8 10; medium. *6.5088.
Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New Tork Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board ot Trad* New Tork Curb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501
Dow-. Jones Summary
LONDON—New York cables opened at 4.87% against 4.87 7-32. Paris checks 123.85. Amsterdam 12 09. Italy 93.99. Berlin 20.38. Roxy Theaters Corporation declared regular quarterly dividend of 87% font* on class A stock, payable Aug. 36. record Aug. 15. H M. Warner, president of Worner Biothers Pictures. Inc., from a six weeks’ trip to Europe, stated American motion picture producers are doing a good business abroad. Warner would not mak* any statement as to the foreign busmen* or plans of his company about the domestic business. Crude oil production increased 28.000 barrels daily during week ended Aug. 2 to 2,515.300 barrels daily, which is 393,200 barrels daily less than like 1939 week. Petroleum Institute estimates. Oasollne stocks decreased 651.C00 barrels to 44.100.000 barrels. Diamond Match Company six months ended June 30 constitutes net Income *l,426.137 after depreciation, iederal taxes, etc. June quarter constitutes net Income of $716,001 against $710,136 in preceding quarter. Net profit of parent company only for first sixth months of 1930 was $890,695 after charges and federal taxes against $825,004 in first half of previous year. For ouarter parent company’s net profit was $454,844 against $413,510 in June quarter, 1929. Motor Wheel Corporation declared regular quarterly dividend of 75 cents on payable Sept. 10, record Aug. 20. Moto-Meter Gauge and Equipment Company six months ended June 30, net loss $176,574 after expenses, interest, etc., for second quarter net loss was $119,179 against $57,395 in preceding quarter. United States revenue freight loadings. 919.349 cars in week ended July 4. 26 decrease 193,204 cars from like 1929 week 114,977 from like 1928, 26-week and 8,907 below preceding week. J. I. Case denied receiving order for tractors from Amtorg Trading Corporation representing Russian government, offered order, but has failed to reach agreement as to terms. Negotiations have not been terminated. White Sewing Machine Company In first six months earned 20 cents a share on 100,000 preferred shares against $1.16 In first half of 1929. Earned 1 cent a preirerred shares in June quarter against 70 cents a common share after preferred dividends in June, 1929, quarter. S. S. Kresge Company July sales, $lO- - decrease of 6.8 per cent from July, 1929. Seven months, $78,340,038, decrease of 1.2 per cent. McCrory Stores July sales $3,122,217, decrease of $177,306 from July, 1929. Seven months $22,532,319, increase $207,047. Munsingwear, Inc., in first six months earned $1.15 a share on 180,000, against $2.36 a share on 200,000 shares in first half 1929. Wengel Company quarter ended June 30, net profit $67,388 after interest depreciation and estimated federal taxes against $384,366 in June quarter. 1929. Six months net profit $210,311, against $784,252 in first half previous year. General Bronze declared 25 cents qaurter dividend on common placing stock on $1 annual basis against $2 previously. General Printing Ink Corporation quarter ended June 30, net profit $195,704. after charges and federal taxes against $217,457 in preceding quarter making net profit for first six months of 1930 $413,161. Federal Light and Traction including subsidiaries for twelve months ended June 30. 1930. net after taxes and charges $2,307,656 against $2,237,648 in like period last year. June net after taxes and chrages $155,507 against $150,335 in June. 1929. Twelve months gross $8,471,197 against $8,267,641; twelve months surplus $2,131,412 after preferred dividends of subsidiaries against $2,062,740. W. T. Grant Company July sales 4.817.776 increase 6 4-10 per cent over July. 1929. Seven months $34,825,194 increase 10.9 per cent. Vacuum Oil Company declared regular quarterly dividend of sl. Timken Roller Bearing Company declared regular quarterly dividend of 75 cents on common payable Sept. 5. record Aug. 20. Tennessee Copper and Chemical Company declared regular quarterly dividend of 25 cents. New passenger car July registrations in Wayne county 5.926 of which 4,159 or 70.2 per cent were Fords. 10.447 registered in July 1929 of which 4,575 or 43.8 per cent were Fords. New York Railways Corporation six months ended June 30. net loss $1,085 after charges and taxes exclusive of interest on inemoe gold bonds agßinst net loss $10,606 in first half 1929. June net income $25,810 exclusive of interest on income gold bonds against net income $23,970 in June, 1929. Crown Zellerbach Corporation buys Standard Paner Company. Distributor of paper products. National Railways of Mexico “figures in Mexican currency.” reports five months’ balance after expenses. $9,177,767 against $5,673,081 in like period 1929. Five months gross $47,356,634 against $13,962,842. May balance after expenses $1,891,920 against $1,517,530 in May. 1929. Bunker Hill and Sullivan Mining net profit after ordinary taxes development charges, etc., but before depreciation and depletion in June quarter. $689,730. Six months 31,362,54*. International Institute of Agriculture at Rome forecasts world wheat crop at 6,071,000 metric tons against 7,082.000 last year, decrease of 14% per cent. Five-year average was 5,478,000 tons. S. R. Dresser Manufacturing Company in first six months earned $2 a share on convincing participating class A stock and $2.14 a share on class B stock against $2 and $2.11. respectively, in first half 1929. NEW YORK COFFEE RANGE —Aug. 5 High. Low’. Close March 5.62 5.56 5.56 May 5.52 5.50 5.50 July 5.50 5.48 5/8 September 6.40 6.35 6.37 December 5.84 5.88 5.78
CAMPBELL and COMPANY BONDS and STOCKS Trustee Standard Oil Shares 1118 Fletcher "’rnst Bldg. RI. 1891 OIL IS KING I Oklahoma City Gusher Fieldhome of the wild Mary Sudik—is one of the world’s greatest Wr.te me for the facts about thts tremendous pool—perhaps your opportunity. C. C. JULIAN Oil Operator Cotton Exchange Building Oklahoma City, Okla.
BULLISH NEWS HOLDS FUTURE TRADESTRONG Corn Soars 7 Cents Before Close; Wheat and Oats Follow Lead. Bu United Prru CHICAGO, Aug. 6.—Com soared to new heights today when practically all deliveries sold over the dollar mark in the closing hour on the Board of Trade in a session characterized by wave after wave of buying as the public entered into the grain speculation. Com was selling for around 7 cents over the previous close with nearby months 16 to 18 cents advance over last week and 28 to 30 cents over the lows of July 8. Wheat gained around 6 cents for the day to show gains of around 12 cents over the lowest prices of the season set only last week. Oats went careening upward with the others at a dizzy speed. Liverpool Closes Up At the close wheat was 514 to 5% cents higher, corn was 7 to 7% cents higher and oats were 3 to 3% cents higher. Provisions were strong, 10 to 20 points and more higher. Working up sharply in the latter part of the session, Liverpool closed 3Vi to 3% cents higher. Grain markets have reversed their recent trend in a violent manner. Instead of the lows so confidently expected, all deliveries of wheat, oats and corn scored new highs on the present movement by mid-morning today. Cash prices were 4 to 6 cents higher. Receipts were 223 cars. Com Is Active Corn opened active and again sold at new nighs, with prices 3 to 3% higher at mid-session. Locals and commission houses were large buyers of September and December early. Profit-taking checked the advance. There were scattered rains in Illinois, Indiana, lowa and Ohio, but they were deemed too slight to be of any advantage and were disregarded. Private reports are still indicating poor crops, especially in Kansas, Missouri, Indiana and Ohio this morning. Cash prices were 5 to 8 cents higher. Receipts were ’0 cars. Oats were strong and more active, with interest broadening appreciably. There has been more interest shown than for many weeks. Cash prices were 2 to 4 cents higher. Receipts were 152 cars. Chicago Grain Table WHEAT— —Au,f ’ pre ~_ ODen. High. Lok. Close, close. SeDt.. .91% 97% ,91?4 .96?? .91% Dec... .97% 1.03% .97% 1.02% .97% Mar... 1.03 1.08 1.02% 1.07% 1.01% May. . 1.05% 1.10% 1.05?* 1.10 1.04’% CORN— Sept.. .94 1.01?8 .93?* 1.01 .93% Dec... .90 .97% .90 .97% ..89% Mar... .93% 1.01% .93% .99% .92’/* May.. ,96’/2 1.02% .96 1.01% ... OATS— Sept.. .40% .44% .40 .43% .40 Dec... .44 .48 .43% .46’, .43% Mar... .46% .50% .46?* .49’/* .46% May.. .47% .51% .47?? .51 .48 RYE— Sept.. .62% .67% .62% .67 .61% Dec... .67% .73’% .67% .73% .67 Mar... .72% .78 .72% .78 .71?? LARD— Sept. 10.55 10.75 10.55 10.75 10 55 Oct.. 10.65 10.82 10.65 10.75 10.65 Dec.. 10.50 10.72 10.50 10.65 10.50 Jan.. 10.72 10.90 10.72 10.82 10.70 BELLIES— Sept. 13.62 13.90 13.62 13.90 13.52 Bit Times Soecial CHICAGO. Ausr. 6.—Carlots: Wheat. 161 • corn. 34; oats, 149; rye. 3, and barley. 10. Bv United Press ~ CHICAGO, Auk. 6.—Cash grain closeWneat—No. 2 hard. 93®95??c. Corn—No 2 mixed. 97 3 /?®99’/2C: No. 1 yellow 98® *101: No. 2 yellow. 98%®51; No. 3 yellow, 98%c; No. 4 yellow 98%®99c. Oats—No 2 white. 40%®44c; No. 8 white 40®43r* No. 4 white. 41®41%c. Rye—No.’ 1 68%c; N° , 2 68V2C. Barley— so®64c. Timothy—--25@57c. C10ver— 510.25®17.75. y Bu United Press W?e°a. 2°red. yellow. $1.07%*71,0 8 .r ,C - Oat ™No 2
L-. iuN v E / T M E N T / For the conservative investor desiring a definite fixed income with safety of principal, we offer a limited amount. AMERICAN LOAN COMPANY 8% TAX' EXEMPT PREFERRED STOCK Shares SIOO Each—Dividends Payable Semi-Annually The outstanding fact about the American Loan Company is its constant yearly gain in business. A continuation of the steady forging ahead that has marked the success of > the company from the beginning.. .32 years ago. Never has the company failed to pay promptly a single divi* dend when due. A request for our booklet, “A Straight 8 Investmententails no obligation . LI ncoln 5222 Indianapolis
The City in Brief
Dr. Hal P. Smith of Indianapolis has been elected vice-president of the National Association of Chiropodists now in convention at Detroit. Annual homecoming and picnic of Warren township will be held at the Warren Central high school grove at 3:30 Saturday afternoon under sponsorship of the parentteacher club of the school. Exhibits will be presented by the 4-H clubs, the boys’ band will play and awards for exhibits will be made at night, following a picnic supper. A lone bandit took sl2 from a cash register and $2 from the pockets of Albert Mount', 48. 3121 West Michigan street, manager of a Standard grocery at 3359 Speedway road, in an early morning holdup today. Annual picnic of Selig’s woman’s and misses' specialty shop, 20 West Washington street, was held Tuesday night in Broad Ripple park. More than 125 employes attended with Mrs. Moses Selig, wife of the founder, as honor guest. Baker-Foster reunion held this afternoon in Garfield park included ceremonies in observation of the eighty-sixth birthday of Mrs. Maggie Breyer, retired actress of the stage and screen, who for many years has been an Indianapolis resident. Mrs. Breyer was honor guest. Eleven persons, including two white women and four white men, were arrested Tuesday night in a police raid on the residence of Maggie Lee, Negro, 401 North Douglas street. Scouts will present a “Pageant of Progress” at the Boy Scout reservation, northeast of the city, Thursday night. Charles Shields will direct the pageant. The present scouting period will end Saturday. “Should the Constitution Be Changed?” will be discussed by Mrs. Fred Kepner, at a meeting of the women’s division, Marion County Good Government Club, at the home of Mrs. Albert Travis, *1513 Ashland avenue, Friday afternoon. Other speakers will be Howard Meyer, Indianapolis attorney, and Roy T. Combs, president of the club. Tony Cercsi, 39, of 1303 Sturm avenue, was charged with operating a blind tiger after he was arrested Tuesday night in a raid by deputy sheriffs on a cottage at Seventyfifth street and Water Edge road. Jle claimed the cottage was for use of members of the Southern Social Club, which has headquarters at 601 South East street, declaring he was president of the club. Chicago police Tuesday night notified Indianapolis police that Oscar Johnson, 3910 East Twentysixth street, had been injured seriously in an automobile accident there. He was taken to Victory Memorial hospital, Chicago. The Indianapolis Real Estate Board will honor twenty-three new members with a chicken dinner at Camp Delight tonight. Frank. J. Viehmann, Marion Stump and Herbert G. Knight are in charge of arrangements. “Standardizing Business Ideals” will be the tropic of Toner M. Overly, manager of the Indianapolis Better Business Bureau, before the Advertising Club of Indianapolis at the Columbia Club Thursday noon. white. 44®45c. Rye—No. 2. 78c. BarleyNo. 2. 56c. Clover—Domestic cash, $13.50; crime choice. $13.80: October. $14.50: December. $14.75. Alsike —Cash. $11.80; October. sl2: December $12.25. ButterFancy creamery. 41@42c. Eggs—Country run. ' 20@22c. Hay—Timothy. $1.25 per cwt.
-AUG. 6, 1930
BUDGET SURVEY IS CONTINUED No Decisions Yet Made in 1931 Tax Rate. Continuing s survey of budgets of county institutions and offices, county commissioners and County Auditor Harry Dunn ended their second session today announcing no decisions were made toward fixing the 1931 tax rate. With civic and industrial interests urging a drop in the 38-cent county levy in effect this year, commissioners indicated all budgets are being surveyed closely for reductions which may lower next year’s levy. Commissioners said the budgets of county institutions were pruned considerably at the Tuesday session as one factor in holding the new tax rate below the 38-cent figure. Rigid economy was used in the study of budgets of eight major institutions. they said. Increased funds were sought by heads of all these institutions, the board declared. Value of taxable property in the county, according to Dunn is in round numbers $790,000,000, a decrease from the 1930 valuation of approximately $6,000,000. DEFENDS HAY RULING Commissioners Must Decide on Court Decision. Public service commissioners must decide whether they agree with the decision of Judge Lynn D. Hay of superior court two that utilities may ignore the Spencer Shively law of 1911, and condemn property by court process under a statute passed in 1929. This means that the public service commission need not be consulted in such matters, unless the utility so chooses. The Hay ruling was defended before the commission in oral argument today by Attorney Fred Bates Johnson for the Indianapolis Power and Light Company. Other Livestock Bu Times Soecial LOUISVILLE. Ky.. Aug. 6.-Hogs-Rs-ceipts. 700: market. 10c lower: 225 lbs. un. $9 25- 165-225 lbs., 59.90: 130-165 lbs.. $9.05; 130 lbs. down. $7.35: roughs. $6.75; stags. $6.15. Cattle—Receipts. 200: market, steady: prime heavy steers. sß®9; heavy shipping steer ~ s#.6o@B: medium and plain steers. $5.50®6.50: fat hellers M-MCB.M: SSS tO co£ OlC s3 C so4-' cutters?’ b sS®6.* 3 '<3al'ves— -RMelpts! “Vd'ulm^good? tomedium: m s4®6 K Sheep-Receipts. JLWO: market, steady, ewes and wether lamps, sft 50* buck lambs. $7.50; seconds. sheep. 1.114. Bu United Press EAST BUFFALO. N. Y., Aug. 6.—Hogs— PtS to 9 Toc h highen S 'bum: lb£ $lO 40<?!10 50‘ 150 fbs. and down, $10@10.~5. 220-250 lbs $9.75®10.25; packin* sows. $6.50: aged wethers. s4® 5. Bu United Press Calves—sl2. Lambs—s 9. Find Still in Abandoned Farmhouse FT. WAYNE, Ind., Aug. 6.—For the second time within a year and a half, prohibition officers have found a huge still in an abandoned farmhouse a mile and a half east oi Ft Wayne. The still had a capacity of 300 gallons and was in operat on when found. Officers atao found 100 gallons of alcohol and fifty ba. rels of mash was confiscated. No persons were found in the house. __
