Indianapolis Times, Volume 42, Number 76, Indianapolis, Marion County, 7 August 1930 — Page 12

PAGE 12

UTILITIES HARD HIT AS STOCKS FEELPRESSURE Declines Up to 6 Points Shown by Leaders in Sales Drive.

Average Stock Prices

Average of thirty industrial* for Wednesday * 234.38. off VO9 Average of twenty rail* waa 130.82. off 1.44. Aver*te of twenty utilities was *4 88. off 1.82. Average of forty bond* was 98.28. un .03. Hu United Press NEW YORK. Aug. 7.—Despite .several attempts to rally the market. stocks steadily drifted to new low levels today. Around noon losses were extended to more than six points in higher priced shares, while the general list howed declines ranging from fractions to three points. Utilities were hardest hit as a group, but all sections of the market .suffered. Trading picked up somewhat for a time and sales crossed the 200,000 market for the first half hour for the first time in a week. Steel Declines United States Steel declined more than a point to around 165, while other pivotal shares, such as General Electric. American Can and Rado. were off one to more than two points. The reasons for selling were carried over from Wednesday’s session —slack steel production, drastic declines in building operations and worry over the possible loss of purchasing power of farmers in the drought area. Call money renewed at 2% per cent, but the tone was distinctly easier with funds available in the outside market as low as 2 per cent. Sell on Drought Drought was expected to reduce materially the pack of the can companies this year and traders, working on this theory, sold American Can, which dropped more , than 2 points to 125 y* and continental Can, which lost 2 points to 54%. Other heavy losers around noon were J. I. Case at 187%, off 4%; Allied Chemical at 260, off 6%; Air Reduction at 112%, off 3%: Republic Iron and Steel at 43, off 3; Atchison at 212 Vi, off 2%. and Consolidated Gas 104, off 2%.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank Aug. 7. $3,093,000; debits. $5,782,000. CHICAGO STATEMENT h cHicAGO V Aug. J,rjsg I J ) !ooc,eann 0 c,eannM ’ * BB- ' 700.000; balances. *12.000.000. NEW YORK STATEMENT B mw' 1 YORK.**Aug. 7. B l ?"£ n c' ei lj42 S ’ *918.000.000: clearing house balance *142 - 000 000: federal reserve bank credit balance. *141.000.000. TREASURY STATEMENT B WASHINGTON. Aug. 7.—The treasury government §725s$k5 : dSFSS B3KI.SC

New York Bank Stocks

- AUt# “ Bid. Ask., Bank'of United States !!" 39 40 Bankers } 37 J 739 = Chase National 13|% 749 % Central Hanover 338 340 Chatham Phoenix Natl ... 107 108 Chemical City National J 2 ®,, }?2 Corn Exchange ,Sn Commercial 3'® 3 *®, Continental 27 % g% V?rst re Natlon'ai’"." 4,825 4.900 Guaranty 614 617 Irvine 49 49 Monhattan & Company .. 109 109% Manufacturers 81 sz

Retail Coal Prices

Coke, nut site * JjJ* Indiana forked lump TilffrAs Indiana egg l‘-ssnn Indiana mine run J-4J® 5-go West Virginia lump HxSiiX West Virginia egg S'S232’S2 Kentucky lump i.00@8.*5 Pocahontas shoveled lump 8 50 Pocahontas forked lump 9.50 Pocahontas mine run .......... 7-50 New River Bmokeless shield. Ip. 850 New River Smokeless fkd. 1p... 9.50 New River Smokeless mine run 7.50 Anthracite 16-75 Jsc per ton discount for cash. Births c,rU Howard and Miriam Acton. Coleman hosP Henrv and Haiel Aegeter. Coleman hosSl Clair and Ruth Hayes. Coleman bosPl Forest and Katherine McConnell. Ccleand Alice Shetti. Coleman hosBl Oeoree and Ruth Spilver. Coleman hosri Robert and Mary Thatcher. Coleman hosP 1 Basil and Lela Weltv. Coleman hospital. Maurice and Kathryn Thompson. Metho<*lßaT°apd*2!oah Puckett. Methodist hosT,, Emil and Beathess McMurty. 954 Rochester. _ Bots Edwin and Dorothea McNally. Coleman hosmta.. Parmer. Coleman hosCl Alva and Edith Richardson. Coleman Harvev and Opal Sedam. Coleman hos- * Albert and Velma Turner. Coleman hosW Raiph and Marie Arbaugh Methodist : r rv and Eunice Davis. Methodist hosbltal. Deaths Louise Taubald. 74. Christian hospital, tbscess of gall bladder , . . Prank Horner. 68. Long hospital, chronic WUUam ‘ S Hornbeek. 77. Central Indiana hospital, chronic myocarditis. Linnie Cedi. 68. 1138 Ashland, myocar"morence F. Finn 36. city hospital, tvneremesis gravidarum. .. . . Stella Campbell. 3S. 2151 Marttndale. tuberculosis. Clara Ellen Lelb. 84. 1341 North Alabama. Irterlosclerosis. _ . . Richard Lynn Sage. 2 days. Methodist (.capital. eclampsia. , Charles A. Bracken. 79. 1429 West Ohio. Ihronic mycarditts. Edith McGsrv. 36. city hospital Vincents "jean Davenport. 10 months. 2240 Yandes. K’utf gastritis. Infant Beatty. 12 days. Methodist hos>ital. broncho pneumonia Andrew Kurr. 81. 4202 Graceland. irterlosclerosis. Mkn- Edwards. 39. Provident hospital, scute cardiac dilatation. Kate Oriffin 84. 647 East Thirty-fourth artariosclerosis. Garage Fire Loss $25,000 S t'mitrH Prrs* PLYMOUTH. Ind.. Aug. 7.—Loss of $25,000 was sustained when the Ford garage operated by Alfred Morehams, in Plymouth, was destroyed by fire today. Flames originated from a short circuit in an auto. Three autos and the garage were destroyed. Frmcttres Leg While Swimming Slipping on a diving board while swimmi ig in Eagle creek at the Vacdalit railway bridge Wednesday night, James Hacker. 502 South Warman avenue, suffered a fractuied leg. He was taken to city

New York Stocks

—Aug. 7 Railroad*— jj* 4. High. Low. 11.30 cloae. Atchiaon 214* i 212'. 213V'. 215 Atl Coaat Line 15$ }*?,. Balt & Ohio .... 103’. 103’. T 03% 104** Cheaa & Ohio ■ 18® Cbeaa Corp **,, -;i, Chi Ort Weit .. .. ... Js% lOta Chi N Welt 23’. 73% 73% 74% CRI & P .... 97% 97% 97% 98 Del LAW 113% Del ti Hudson .. 158% Erie 40% 15 35 41% Dllnola Central 116% Lou Ac Nash 120 MKAt T 38% 38% 38% 39 Mo Pacific 84 Mo Pacific p'd 134 N T Central ...163% IV 182% 184 NY NH Ac H 104 O & W 9% ... So Pacific 118 Southern By 84% 83% 84 84% St Paul 13% St Paul Dfd 22% 21% 21% 22% St L Ac S F . 88% Union Pacific 215% 215% Wabaah 32% 32% W Maryland 24 Eaulpment.— Am Car & Fdv.. .. ... <9% 48% Am Locomotive.. 44% 43% 44V. 44% Am Bteel Pd 4040% Am Air Brake 8 , *5% Oen Am Tank.. „ ... 85% 86% General Elec.... Tw% 69% 70 70% Gen Rv 81gnal 80 N Y Air Brake -• ■ . 38% Pullman 67% ... 67% 68% Westingh Ar B ... 38',. Westlngh Elec ..145% i43% 145 ... Fisk 2% 2% 2% 2% Goodrich ........ 24% 22% 22% 24% Goodyear 63% 62 62% 63% Kelly Sorgfld • ••• 3% U 8 Rubber 21% 21% 21 % 21% Auburn 120% US' 2 Chrysler 29% 29 29% 29% Graham Paige .. .. ... * • General Motors 46 45% 45% 46% Hudson ?3 33 Mae? 7.7".'".'.* 56% *55% 56% 54% “V r “ on ’35% Pac.ard ... 15 14% 14% 14% Pierce Arrow -g, 2 Studebaker 31% 31 31% 31% Yellow Truck.... 25% 24% 24% 25% Motor Access — Am Bosch ii' 2 Bendlx Aviation 32 i?t?gs w * rner .:::% IS Eaton §44% El Storage j;., 94 2 Motor Wheel 34% -as Stewart Warner.. .. ... Timken Roll .... 65’a 65% 65 2 65 Am Metals g.... ■■ ... 6712 Am Bmelt ..... 6.% 6.% 6.% • Anaconda Cop.. 50% 50% 50 5O % Cerro de Pasco 0 ia/ Preeport Texas %]. >* ?n r t e *N ”k°e r i 22% *33% *33% 33 , Kennecott* Cop.’ 39% 39% 39% 39% Texas^Oul'Sul7 58% '57% *58% 58% Atl B Refining '.'.’.’ 37% 36% 36% 37 SSSSS".:::::: S* B9* Indian Refining. 12% 12V* 12% 12% tun on 29 28% Me* sSd 22% 32% 22% 22% Mid Conti 24 24 Pan-Amer (81.. .. •■ • 58.* 58^4 Phlllipa 33% 32% 33% 33% Pr Oil & Gas 37% 37% Pure Oil 21% 21% Richfield 16% 16% Royal iiutch 52 a Shell Un • 19% 13% Simms Pt 21 20% 20% ... Sinclair 24% 24% 24% -4% Skellv 29% 29% Standard of Cal 63% 63V4 63% 68% Standard of N J 71% 71% 71% 72% Standard of N Y 33% 32 32 32% Texas Cos 52% *2% 52% 52% Union Oil 41 Steels— .... Am Roll Mills • 55 56% Bethlehem 82% 82% 82% 82% Bvers A M 70% 69% 69% 71 Vs Colo Fuel 51% 50% 50% 52 Ludlum 26 26 Midland 33 5 a ... Renub I & 5.... 45% 45% 45% 46 U S Steel 166% 165% 165% 166% Vanadium .... 98 ©6 *% 97% 97% Am Tobacco (A) .. 245 347,* Am Tob (B) 251 250V4 251 253 Con Cigars...General Cigar.. .. ... • 4 J Llg At Mvers 8.. 93% 93% 93% 94 Lorillard .. 22% 22% 32g 22% Remolds Tob... 50% 50% 50% 50% United Clg 6% 6Vi Utilities— Adams Exp 26 *

In the Stock Market

(By Thomson & McKinnon) NEW YORK. Aug. 7.—The aboutface of farm situation is only typical agriculture. In 1924 it was a short com crop, which lifted from that industry the burden of accumlated excesses from previous years. Today while in certain localities farm income will suffer from the devastation of. drought, producers in other areas will benefit. Huge reserves of food and feed stuffs built up out of the overproduction of the last few years in the hands of growers and in commercial channels will now be drawn upon and consumed. Early spring crops were large. Cottonseed, wheat, oats and barley will take the place of com- The country this year needs not suffer. In fact the development may be a blessing in disguise as was the case in 1924. Os equal importance with surpluses promising to vanish is the improved farm outlook for the coming year. It is significant to recall the rising g.ain prices and a changed agricultural outlook ushered in advancing stock prices in the fall of 1924. The steel news is not discouraging. but the impression had gained ground that a decisive improvement would be shown this week. Falling short of expectations was really the only disappointing feature. In our opinion we do not see how increased business activity can be escaped as the season advances. Nor do we see any good reason for being other than bullish on the stock market.

Produce Markets

Eggs (Country Run)—Loss off delivered in Indianapolis. 17c: henerv duality No. 1. (Buying Priest)—Hens. weighing 4G lbs. or over. 33c: under lbs.. 18c, Leghorn hens. 14c: springers 3-h lbs. or sv?r 21c: under lbs.. 18c: Leghorn springers. 15ci old cocks. 9ssloc: ducks, full feather, fat whites. 9c: geese. 6c. These prices are for No. 1 top duality, duoted by Klngan & Cos. _ , Butter (wholesale) —No. 1. 40®41c. No. 2 375138 c. Chse (Wholesale selling price per pound'—American loaf. 31c. pimento loaf. 32c- Wisconsin firsts. 37c: Longhorns. 34c. New York Limberger, 36c. Bu United Press CHICAGO. tug. 7—Eggs Market steady; receipts 5.660 cases; extra firsts, 24‘a4x25c: firsts. 24c: current receipts. 20 ®2l‘zc; ordinaries, 15@19c: seconds. 12® 14*ic. Butter—Market, firm: receipts. 4.874 tubs; extras. 37c: extra firsts. 35Gfe 36c: firsts. 33 l sft34‘sC: seconds. 30@32>2C; standards. 37c. Poultry—Market, steady: receipts. 1 car; fowls. 21c: springers. 26® 27c; Leghorns. 14c; ducks. 14@17c: geese. 14c; turlkevs. 18c; roosters. 14c: broilers. 21c. Cheese—Twins. 16 3 ,617Vc: voung Americas. 18c. Potatoes—On track. 126: arrivals. 26c: shipments, 268: markestronger on white stock, about steady on triumphs: Kansas and Missouri sacked Irish cobblers. $1.83®2: New Jersey sacked Irish cobblers. s2® 2.10; Colorado and Idaho sacked Bliss Triumphs. $2.40(32.50: Virginia barrels Irish cobblers. $3.25®3.35. Bu United Press CLEVELAND. Aug. 7.—Butter—Firm; extras. 41c; extra firsts. 41c. Eggs—Steady: extras, 29c; firsts. 21**c; ordinaries. 18c. Poultry—Steady: fowls. 23@23c: medium. 22c: Leghorns. 15® 18c; heavy springers. 22 626 c: over 3 lbs.. 285v30c. Leghorn springers. 185i 31c; ducks. 10® 20c; old cocks. 14 @l6c; geese. 20c. Potatoes—No ouotes. Bu United Press NEW YORK. Aug. 7.—Flour—Ouiet but held higher: spring patents, $5.45&5.80. Pork—Steady; mess. $30.50 per barrel. Laid —Strong, middle west spot. $11.20® 11.30 Tallow—Firmer: special to extra. S'iSe&'tc. Potatoes—Dull and weak; Long Island. sl® 2 50 per barrel: Jersey. 75c@$2 per basket. Sweet potatoes—Steady; southern baskets. 60c5t $2.50: southern barrels. 5® 7. Dressed poultry—Firm: (urkevs. 20#42c: chickens. 20fi36c: fowls. i4®29c; ducks. 12® 15c; ducks. Long Island. 13® 18c. Live poultry —Quiet and steady: geese. 13®18c: ducks. 12 -3 22c; lowLt 15# 22c: turkeys. 20®35c: roosters. 16c: broilers. 18@31c. Cheese— Firm: stat! whole milk, fancy to special. 24®38c: vtung America. 18695 c. fiv United Press CINCINNATI. Aug. 7.—Butter—Steady; creamery in tub lots, according to score. 33# 36c. common score discounted. 3®3c: packing stock No. 1. 27c; No. 3.20 c; No. 3, 15c: butterfat. 35# 37 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. 21c: 4 lbs. and over. 18c: 3 lbs. and over. 17c: Leghorns 3 lbs. and over. 14c: roosters. 12c: colored fryers over Slbs.. 27c: broilers, colored, over 2 lbs.. SSc: broilers, over 1H lbs.. 23c: I', lbs. and over. 20c: Leghorns and Orpington broilers over. I'* lbs.. 23c: lki lbs. and over. 19c: broilers, partly feathered. Übltc; black springers, 18c. .. ...

Am For Pwr.... 70% 69% 70 71% Am Pwr 6c Li . 81% 77 ',2 71 >l% AT* T 211% 210 210% 210% Col Gas & K 1.... 62 61% 62 62% Com * Sou 13% 13% 13% 13% El Pwr * Li.... 68 67 *7% 68% Gen Gas A B 9 % Inti TANARUS& T 45% 45% 45% 45% Natl Pwr * Li.. 45% 44% 44% 45% No Amer Cos 99 98% % 100 Pac Gas &El 56% 56% Pub Ser N J 90% 89% 89% 90% So Cal Edison.. ... • -2: *],, Std O & E 1.... 94% 94 94 94% United Corn .... 31% 31 % 31% 31% Ut Pwr & LA.. 33% 33% 33% 33% West Union 187% Inti Mer M pfd.. .. • 21% ... United Fruit 68% Bi% 88% 87/s FOOd go l r Am Sugar "fi? Armour A a,, ~ ciiCal Pkg 63’s 62% 62 2 63 * Can Dry 64 63 * 63 4 ... CocSs**Co?a ". . .7.175% i75 17 i75% P?od nlf A 7 90 'B9 *9O . 91% Com Wheat 30% 30% 30,2 ... Cudahv Pkg 'ii,, 7£'S Gen Foods 54% 54% 54 4 55,* Grand Union 16 iS 3 , Hersev 30 '* :** a* i| 8 'B# 'BB S’* ...... 20% 20% 20% 20% Lehn & Fink 23 2 Am” Radiator!*... 26% 25% 25% 26% Bush Terms • > S,’ AIKFcSTT** 260 % 260% 266% & s Jarb 72 71% 71% 72% U S Ind 03 * Retail Stores— 33 Gimbel Bros 11 * 39% Kresjje S 043^ May D Store ... •• -Aij jl 8 Mont Ward .... 35 34 s 24 2 .•■ Penny J jj 65% KwSth *::::: :: ::: % Amusements — Bruns Balke ... *• ‘iisA *l7 17% Col Graph ..... 17 16% 17 * Eastman God 97 ,, Fox Film A .... Grlgsbv Gru 15% 15 15 4 15 a Loews Inc -0% 69.2 70 4 <0 Param Fam .... 58 57 57 2 58 4 CorP ..'.7.' 31% 31% 31% 31% Schubert 1 7 % 1 72 ’ iLf Warner Bros ... 35% 34% 35 A 36% Miscellaneoua — Airwav App .... 18% 18 18 s 1' City Ice &Fu % 42 )? A^ n cin um ..:::: 127% $% iij% 127% Cont Can 56% 54% 55 / 56% Gillette S R .*.'.. 80% *79 80% 79% u*s SiSher'A.*::: ::: **

On Commission Row

FRUITS Apples—Yellow Transparent. [email protected] a bushel: Duchess. [email protected]: Carson, S3. Apricots—California. Royal. [email protected] * B?ackbe C *5.50 a 24-quart —California. 8-lb. box. $3: Michigan. 24-ouart crate. [email protected]. Currants —Michigan. [email protected] a 16-ouart Cr Dewberries— 16-quart crate. [email protected]. Eggplant—Southern. *1.50 a dozen. Gooseberries —Michigan. $3.75 a 16-quart Cr Grapefruit—Imperial Valley. *[email protected] a Graph’s— California, seedless. *4 a crate: Malaga, lug. *2.75@3. Huck,,. *erries—ss a 16 ot. crate. Lemon^— Fancy California. $7.50@3 a crate. ... Lime Jomlnican. $2.50 a 100. Melo Cantaloup*. Arkansas standards ; J a crate; Jumbo. $?,[email protected], Indiana flats. $1.25: Jumbc. *1.50; Honey Ball. 36@455. [email protected]: Honey Dew. S3 a crate. Watermelons—34-lb. average. 60 (a 65 Oranges—California Valencia. $5.75®9 Cr peaches— Georgia. Hiley Bell. $2.25 a one-half bushel basket: Alberta. $4 a bU pears— California Bartlett. $4.25 a box. Plums —California, blue. red. yellow. $1.75 @2.25 a basket crate. Raspberries—Red Michigan. $3.50@4 a 24-ptnt crate: black. [email protected]. VEGETABLES Beans—Marlon county, stringless, $2.25 a bushel: wax. $1.25 a Climax basket: Kentucky Wonders. [email protected]. Beets— Home-grown. 25c a dozen bunches Cabbage—Home-grown, new. [email protected] a barrel: 2%c a lb. „ _ Carrots —Marion county. $1.25 a bushel. 35c a dozen bunches. Cauliflower— Home-grown. $1.50@2 e bU Cefery— California; $6 crate of 4s: Michigan. Si; Florida, washed. 50c a dozen bU Corn— Roasting ears. Marion county. 35 41 Ciocumbers— Home-grown, hothouse. 75c a Eggplant—Marion county. $2 a dozen. Kale— Home-grown. 75c a bushel. Lettuce— Washington Iceberg. $o a crate of 4s ss: extra fancy Marion county leaf. 75c a 15-lb. basket. Mushrooms —3-lb. basset. 53. . Onions—Green, home-grown. 30c a dozen bunches; new Texas vellow Bermuda. $2 a crate: Marlon county Yellow Globe. 51.50 a bushel: white. $2. Parsley—Marion county. 50c a dozen bU home-grown. $2.75 a bU peppers—Southern. $1.50@2 a hamper. Radishes—Hothouse, button. 40c a dozen bunches; long red or white. 30c. Rhubarb— Home-grown. 35c a dozen. Spinach-Home-grown. 75c a bushel. Souash—Marion county $1.50 a bushel. Tomatoes—Marion countv. 90c a 10-lb —New. *1.50 a bushel; Marion countv. 45c a dozen bunches. Potatoes —Colorado Russets. $3.50 a 100lb bag; new Cobblers. *4 a barrel: sweet Tennessee. Nancy Hall. $3: Southern. *3.so a bushel.

Local Wagon Wheat

City grain elevators are naying 83c for No. 1 red wheat and 81c for No. 1 hard wheat. ______ NEW YORK COFFEE RANGE —Aug. 6 High. Low. Close. March |.58 555 5.57 jtfav 5.53 5.49 5.52 SS? 5.49 5.40 5.46 gg r ™ ™ In the Air Wind southeast, seven miles an hour; barometric pressure. 29.94; ceiling unlimited, visibility three miles, with smoke and light fog; field good. Bigger Airship Needed fill United Press . . _ .. TORONTO, Canada, Aug. 7.—Airships somewhat larger than the R-100. capable of carrying sufficient fuel for any emergency, must be built if transoceanic dirigible transportation is made practical, Major G. H. Scott, one of Great Britain’s foremost aviation experts said in a speech here. Major Scott supervised the flight of the R-100 from Cardington, England, to Montreal, and was aboard the ship as an official passenger. Offers Sea Hop Prize Bu United Press _ _ , , MADRID, Aug. 7—Colonel William E. "sasterwood, Dallas, Tex., muJti-milionaire and aviation sponsor, offered a prize of $38,600 today for the first trans-Atlantic flight from Madrid to New York and Dallas. Colonel Easterwood previously offered a prize of $25,000 for a flight from Rome, Italy, to Dallas, with a stop at New York. The prize has not been won so farMeetings Are Set Four meetings in interest of aviation have been arranged by the Indianapolis Solo Club, the first to be held at Mars Hill airport from 5 to 8 p. m. Monday. Fliers from Capitol, Hoosier, national guard and Curtiss-Wright fields will attend, Joe Beckett, club president, announced. INCORRECTLY DESCRIBED Frank Seidensticker Attorney in Rezoning Project. Frank Seidensticker, attorney, 215 Indiana Trust Bldg., today stated tha* he is counsel for owners of property across from Butler university fleldhouse and not the owner of the site, as incorrectly stated in The Times Tuesday. An ordinance is pending in council to rezone for business the property across from the fleldhouse,

THE INDIANAPOLIS TIMES

SWINE MARKET | MOVES LOWER AT CjTTYARDS Cattle Trade Holds Steady; Sheep and Lambs Off 50 Cents. Aug. Bulk. Top. Receipts. 2. 9.35tt 9.75 4. 9.50® 10.00 10.00 4.000 5. 9.50® 10.00 10 00 7.000 6. 9.50® 9.85 9 85 5.500 7. 9.50® 9.75 9.75 5.000 Hogs it the Union Stockyards showed a steady trend this morning with weights under 225 pounds selling off around 10 cents. The bulk, 160 to 260 pounds, sold for $9.50 to $9.75, tep price being $9.75. Receipts were estimated at 5,000, holdovers were 294. In the cattle market good and choice grades held steady, others were neglected. Receipts were 700. Vealers were steady at $11.50 down. Calf receipts were 30. Sheep were around 50 cents lower, closely sorted ewe and wether lambs clearing at $9; bucks, SB. Receipts were 2,000. Chicago hog receipts were 23,000, including 6,000 direct. Holdovers were 4,000. The market was slow, acting generally steady with scattered sales and bids on lightweights, 10 to 15 cents lower; 160 to 200 pound weights sold $9.60 to $9.65; few 260 to 270 pound weights, $9.35. Cattle receipts were 4,500; sheep, 15,000. HOGS Receipts, 5,000; market, lower. —Light Lights—-(l4o-160) Good and choice $ 9.40@ 9.50 —Light Weights—-(l6o-180) C-.ood and choice ... 9.75 (180-200) Good and choice .. 9.75 -Medium Weights—-(2oo-220) Good and choice... 9.65 (220-500) God and choice 9.50® 9.65 —Heavy Weights—-(2so-290) Good and choice 9.25@ 9.50 (290-350) Good and choice... 8.75® 9.25 —Packing Sows— ...... ••• (275-500) Medium and good .. 7.25® 8.00 —Slaughter Pigs— _ „ (100-130) Good and choice... 9.00® 9.25 CATTLE (Slaughter Classes) Receipts, 700; market, steady. —Steers—-(6oo-1,100) Good and choice $ 8.50®10.50 Common and medium 6.00® 8.50 (1100-1500) Good and choice 8 ? 5 S 1 2 H 5 Medium 6.50® 8.25 —Heifers—-(sso-850) Good and choice [email protected] Common and medium 5.50® 8.50 —Cows — Good and choice 5.75® 7.00 Common and medium 4.00® 5.75 Low cutter and cutters 2.50® 4.00 —Bulls (Yearlings excluded) Good and choice beef 5.50® 7.00 Cutter, common and medium. 3.50® 5.50 CALVES AND VEALERS Receipts, 900; market, steady. ’ T ealers (Milk Fed) Good and cnolce [email protected] Medium [email protected] Cull and common 6.00® 9.00 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. 2,000; market, lower. —Lambs — Good and choice $ B.oo® 9.00 Common and medium 4.00® 8 00 —Ewes— Medium and choice 2.00@ 3.50 Cull and common I.oo® 2.00 Other Livestock Bti United Press CHICAGO, Aug. 7 Hogs—Receipts, 23.000, including 7,000 direct; active, lightweights. 10-la cents lower; others steady, spots strong; top, $9.80; packing sows mostly $7.85078.25; light lights, 140-160 lbs. good and choice, [email protected]; light weights. 160-200 lbs., good and choice. [email protected]; medium weights 200-250 lbs., good and choice, $9.35@9,75; heavy weights. 250-350 lbs., good and choice. [email protected]: packing sows. 275-500 lbs., medium and good. $7.25@8 25; slaughter pigs, 100-130 lbs., good and choice. $8.25 @9.40. Cattle—Receipts. 4,500; calves. 2,000; yearlings again strong to 25c higher: top. $11; numerous loads, $9.25® 10.50; all little cattle bringing a sharp* premium over comparable grade heavies; finished weighty steers absent but in-between grades slow at Wednesday’s decline; bulk selling 800-925; bulls and vealers higher latter class 50c to $1 up: slaughter cattle and vealers; steers. 600-900 lbs., good and choice. $9.50 @11.25; 900-1,100 lbs., good and choice, s9@ll: 1.100-1,300 lbs., good and choice, [email protected]: 1,300-1,500 lbs., good and choice. $8.25® 10.50; 600-1,300 lbs. common and medium. $5.75® 9; he.fers. 550-850 lbs., good and choice. $8.75® 10.75; common and medium. [email protected]; cows, good and choice. [email protected]; common and medium. [email protected]; low cutter and cutter, $2.75@375; bulls (yearlings excluded), good and choice ibeef), [email protected]; cutter to medium. $5®6.75: vealers imilk fed), good and choice $11@13: medium, S9.SO@H: cull and common. [email protected]; Stocker and feeder cattle: steers 500-1,050 lbs., good and choice. [email protected]; common and medium. $4.75676.50 Sheep—Receipts. 15.003; native lambs, steady to 25c lower; better grade kinds holding up; bulk good to choice to packers, $9.25; top to city butchers, $9.50: sheep steady; westerns unsold: slaughter sheep and lambs; lambs 90 lbs. down, good and choice. [email protected]: medium. [email protected]; all weights common. $5 ®7; ewes 90-150 lb. medium to choice, $2.25®4; all weights cull and common [email protected]; feeding lambs. 50-75 lbs. good and choice. [email protected]

Bu United Press CINCINNATI. 0.. Aug. 7.—Hogs—Receipts. 2.238 including 738 direct: holdovers. 100: mostly, steady; spots strong to shade higher on medium and heavyweight butchers: bulk better grade. 170-240 lbs., $9.7510: mostly. $lO on 210 down: 250-350 lbs.. s9@9 50: one outstanding load. $3.90: desirable. 120-160 lbs. mostly $9.50: few lighter. $9 25: bulk sows. $7; smooth light weights upward to $7.25. Cattle—Receipts. 825: calves, 350: slow: demand indifferent for general run of steers and heifers at unevenly steady 25c lower terms: few lower grades. [email protected]; some light yearling steady at sß®9; other classes largely unchanged with weak undertone of low cutters and cutters beef cows, $4.75® 5.50: mostly low "utters and cutters. s3® 3.50: best bulls. $6.50: vealars. steady: good and choice kind. $10.59#11.50; lowei grade. S6@lo. Sheep—Receipts. 1.800: lambs, weak to 50c lower: sheep, steady; good and choice lambs, mostly $9: few, $9.50: medium grade and buck lambs. $6 @6.50: common throwouts. ss® 5.50; mostly $5: best fat handy weight ewes. $4: others. [email protected]: culls, down to sl.

Bu United Preen TOLEDO. Aur. 7.— Hoks— Receipts. 500: market oiks. liKhts. 25c up: others, 10c lower: heavies. $8.50®9: mediums. $9.15 (69.65 :Yorkers. $9.25®9.75: pigs. $9.25® 9.75. Cattle—Receipts, lieht: market slow, steady. Calves—Receipts, light: market, strong. 50c higher. Sheep—Receipts, light; market, strong and higher. Bjt Times Special LOUISVILLE. Kv.. Atig. 7.—Hogs—Receipts. 500: market steady; 225 pounds and up. $9.05: 165-225 pounds. $9.70; 130-165 pounds. $8.85; 130 pounds down. $7.15: roughs. $6.55: stags. $5.95. Cattle Receopts. 200. market steady; prime heavy steers. sß®.9: heavy shipping steers. $6.50® 8; medium to plain steers. $5.50(56.50: lat heifers. [email protected]: good to choice cows. $4®5.50; medium to good cows. $3.50(5:4; cutters, $3.25(53.50; canners. $2(53: bulls. $3.50® 5.50: feeder's. s6® 7: Stockers ss® 6. Calves—Receipts. 300; market steady: choice. $8®.9.50; medium to good. $6.50® 7.50: common to medium. s4®6. Sheep— Receipts. 800: market steady: ewes and wether lambs. st.so: buck lambs. $7.50; seconds. $4®4.50: clipped; lambs, $2.50® 3.50. Wednesday’s shipments: Cattle none; calves, 305; hogs. 152; sheep. 929. Bn United Press EAST ST. LOUIS. 111.. Aug. 7.—HogsReceipts. 9.500; market steady to 5c lowei then Wednesday’s average: bulk. 150-241 lbs.. $9.65®9.75: top. $9.80: 270-310 lbs. $9.10®9.50; bulk sows. $7.40®7.75. Cattl< —Receipts. 2.500; calves. 1.000: market lightweight fed steers.- yearlings and western steers, steady; other natives slow: cows steadv to 25c higher; vealers 25(5 50< higher at $11.55@12; other classes steady top sausage bulls. s6’ fat vearlings. $10.25 Sheep—Receiptr. 2.000: market, no earli sales: asking steady; packers asking lower; asking $9®9.25 for desirable lambs. Bt/ United Pres s PITTSBURGH. Aug. 7.—Hogs—Receipts 1.800: market steady to 10c lower; 150-21 C lbs.. slo® 10.20: 220-260 lbs.. $9.40(59.90; 260-300 lbs.. $9®9.35: pigs. 59&9.50; sows. s7® 7.50. Cattle—Receipts, none: market nominal. Calves—Receipts. 100: market steady: choice vealers. $11(512: medium tc good. s7® 10.50. Sheep—Receiots. 800; fat lambs mostlv 25® 50c lower; extreme top $10: good and choice, mostly $8®9.75; medium grades down to $6. B United Pres* FT. WAYNE. Ind., Aug. 7.—Hogs—Market steady to 10c lower: 90-130 lbs.. $8.85: 130150 lbs.. $9.25: 150-170 lbs.. $9.40: 170-190 lbs.. $9.65: 150-210 lbs.. $9.55: 210-230 lbs.. $9.45 : 230-250 lbs.. $9.35: 250-270 lbs.. $9.10; 270-300 lbs.. $9: 300-350 lbs.. $3.75: roughs, 87: stags. $5. Calves—sl3. Lamhs—s9.

Dow-Jones Summary

LONDON—New York Cables openedat 487 7-32. against 487 9-J2; Paris checks. 123.84. Amsterdam 12.087; Italy, 92.98, Berlin. 20 38. Penick & Ford Ltd. declared Tegular Quarterly dividend* of 25 cents on common payable Sept. 18. record Bept. 2. and *1.75 on preferred payable Oct. 1. record. Sept. 12 B. H. Goodrich Cos. omitted regular quarterly dirldcnd of $1 on common due at this time. Regular quarterly 81-75 on preferred declared payable Oct. 1, record Sept. 10. Six months ended June 30. net loss *1,295.900 after Inventory write-off. against net profit *3,070,518 in 1929 period. Six months sales $78,000, 000, against *73,375,000 in 1929. Directors of Warner Pros, pictures meet for dividend action at 5 p. m. today. Ungerleider Financial Corp. six months ended June 30, net profit *614.896 after interest and taxes equal to *2.45 a share on 250.000 shares. Book value of capital stock on June 30. was *49.52. against $49.36 on Dec. 31 1929. In writing down comoany's holdings on securities to lower of cost or market charge against surplus account was made amount to $1,082,720. Bank of France statement for week ended Aug. 1 shows gold 46.061.000,000 francs against 45.282.00d.000 in week ended July 25. circulation 71.008.000.000 francs against 72.110.000.000. and ratio 51.29 per cent against 50.54 per cent. Announcement on Philadelphia bank rate of 3% per cent. St. Louis rediscount rate reduced to 3% per cent from 4 per cent. St. Louis-San Francisco. Railway declared regular quarterly dividend of $2 on common. Bank of England statement for week ended Aug. 7 shows circulation 372,979,000 pounds against 368,377.000 pounds in week ended July 31. Ratio 37.8 per cent against 41.7 per cent and bullion 153.594.000 pounds against 153.250.000 pounds. National Shirts Shops July sales were $345,890. decrease of $42,540 from July. 1929. Seven months $2,360,496. increase $142,807. Reo Motor Car adds 600 men to pay rolls Wednesday and will add 500 more within ten days, schedules being speeded up preparatory to announcing new models. American Department Stores July sales, $651,708. decrease $91,545 from July, 1929. Seven months, $5,491,524, decrease $176,584. American Hide and Leather In twelve months ended June 28, 1930, net loss. $68,144 after interest, depreciation and inventory adjustment, against $1,594,394 in preceding year. Western Auto Supplies. Kansas City, six months ended June 30, net profit $210,649, after charges and taxes, against $122 739 in first half 1929. July sales, *1,455 346, decrease 13.8 per cent from July, 1929; seven months, $7,825,184, decrease 5.8 per cent. Declared regular quarterly dividends of 75 cents each on Class A and B common, payable Sept. 1, record Aug. 20. I. C. C. authorized Missouri Pacific to procure authentication and delivery of $20,750,000 first and refunding mortgage bonds Series H, and to pledge $16,700,000 of bonds from time to time until June 30, 1931, as collateral security for short term notes. Cars handled by Pennsylvania Railroad system week ended Aug. 2, were 142,653 against 141,910 last week, and 174,872 same week last year. From Jan. 1, totaled 4.395,429 against 5,017,794 same 1929 period. B. & O. entered into agreement with protective committee for Chicago & Alton, 3% per cent firsj; mortgage bonds and with holders of general mortgage 6 per cent bonds for purchase of these bonds. To offer SBOO to holders of 3 % per cent bonds. Steel ingot production in July averaged 112,823 tons daily against 137,610 in June and 186.561 in July, 1929. , Stocks of slab zinc in hands of American Zinc Producers totaled 117.381 tons. July 31. increase 7.803 tons over 108,578 tons or 30 per cent on June 30, states American Zinc Inst. July shipments were 32.235 tons against 36,670 in June and production 40.038 tons against 43,473 tons m June. Safeway stores July sales $18,183,527 decrease $777,788 from July. 1929. Seven months $128,830,843 increase $8,089,293. United States dairy products corporation declared regular quarterly dividend of $1.25 on class A common $1.75 on first preferred and $2 on second preferred. June net operating income of 172 class 1 railroads was $68,881,473 at return of 3.3 per cent on property Investment against $105,817,808 in June. 1929, a return of 5.2 per cent. Six months return 3.6 per cent against 5.5 per cent a year ago. Atlas Powder Company declared regular quarterly dividend of $1 payable Sept. 10, record Aug. 29. Western Maryland fourth week July. $489,830 against $530,513. Jan. 1. July 31. was $10,469,450 against $10,560,346 in 1929. July. $1,453,532 against $1,540,134. Atlas Stores Corporation declared regular quarterly dividend of 25 cents in cash payable Sept. 2. record Aug. 15. Three regular quarterly stock dividends of 1% per cent also declared payable Sept. 2, Dec. 1 and Mar. 28. 1931. record Aug. 15. Nov. 17 and Feb. 16. 1931. respectively. American Tobacco first five months earnings $7.59 a share on 2.343,516 combined common and common B stocks.

Other Livestock Bn United Press CLEVELAND. Aug. 7—Hogs—Receipts, 1.000; holdover none: mostly steady to 10c lower: pigs, strong to 25c higher; 160-210 lbs., $10.15; 220-250 lbs., $9.75; 250-300 lbs.. $9.15; pigs. [email protected]: rough sows. $7.50: stags, $5.50. Cattle—Receipts. 200; slow, steady; common steers. [email protected]: part load, medium to 790-lb. heifers. $7.25; low cutter and cutter cows. $2.50® 3.50: sausage bulls. ss@6 and above. Calves Receipts, 250; steady to strong: better grade vealers. $13®;13.50; common and medium sorts. [email protected] mostly. Sheep—Receipts. 80Q; bulk lambs downward; choice Quoted upward to $10; fat ewes quoted $4 down. Bn United Press EAST BUFFALO. N. Y.. Aug. 7.—Hogs— Receipts, 700; holdovers, 200; steady to 10c lower; bulk. 160-210 lbs.. $10.35® 10. ( : 220250 lbs., $9.75® 10.25: 260-270 lbs.. $9.50; 150 lbs. and down. $10@>10.25. Cattle—Receipts. 250: slow, steady: grass steers, $6.50 @7.50; cutter cows. $2.25@4. Calves—Receipts. 200; vealers 50c® $1 lower: 'rood to choice. $13®13.50. Sheep—Receipts. ".500: lambs strong to 25c higher: good to choice natives. $10.50®;10.75; medium and mixed offerings. $7.50@10; throwouts. SS.SO@7.

CORN BORER INFESTS THREE NEW SECTIONS Northeastern Indiana Townships Are Victims of Pestilence. Three northeastern Indiana townships were added to the European corn-borer infested area today, according to Frank N. Wallace, state entomologist. The new sections were Liberty township, Porter county; Jefferson township, Henry county, and Tippecanoe township, Pulaski county. Tippecanoe township is the first in Pulaski county to be infested by the pest, Wallace said. Total townships infested now is 298, in thirty-one counties, it was reported-

JF WILD INSSTMENT CO i North American Trust Shares A Fixed Tru~t 129 E. Market Lincoln BS4 '

James T.Hamill & Company Prints Wires to All Leading Markets Indianapolis MEMBER? Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Cnrb ' 203 Continental Bank Bldg. Tel. Riley 5483—Riley 8494

HEAVY SELLIN6 1 REDUCER GAINS IN GRAIN MART Corn Closes Under Previous Figure; Wheat and Oats Down. Bu United Press CHICAGO, Aug. 7.—Profit taking sales as heavy as the buying of Wednesday and early this morning, hit the Board of Trade just before noon today and carried the market downward with few pauses until wheat had lost around 4 cents and com about 4% cents from the early morning highs. The lack of aggressive support was the main feature when the slump started. At the close corn was under the previous day and wheat was barely holding its own. Oats suffered silghtly with the othe rgrains. Trading was heavy and at times changes were so quick that the actual market was out of line with the quotations shown on the blackboard. At the close wheat was % to % cent lower, corn was 1% to 1% cents lower an doats were % to 1% cents lower. Provisions were strong. Foreign Market Up All foreign markets were higher on the strength in North America during the morning with Liverpool closing 2is to 3 cents up. Winnipeg May was 4% cents higher at the start. Reports of rust damage from the Canadian northwest were again received with only scattered showers to relieve the hot weather. Cash prices were 2 cents higher. Receipts were 171 cars. The weather over the corn belt was hot with only a few scattered showers reported in Illinois and Nebraska. They offered no relief. At mid-session the market held only gains of around 1 cent, but changes were so fast and frequent that it indicated nothing. Oats Are Strong The shipping demand was good. A private report from Nebrasko said corn was from bad to fair with firing in some section. Cash prices were 1 cent higher. Receipts were 7 cars. Oats opened weak but immediately turned strong and advanced with the other grains, and held the position. The overwhelming bull sentiment overshadowed all other considerations. The heavy receipts were completely ignored. Cash prices were unchanged. Receipts were 268 cars. Chicago Grain Table —Aue. 7 WHEAT— Prev. High. Low. 11:00 close. September .. .99% .97% .99 .96% December ... 1.05% 1.03 1.04% 1.02'8 March 1.1 l 1.09% 1.10% 1.07% May 1.14 1.12% 1.12% 1.10 CORN— September ... 1.02% 1.00% 102% 1-01 , December ... .99% .98 .98% -97%March 1.02% 1.01 1.02 .99% May 1.03% 1.02% 1.03% 1.01% OATS— September ... .44% .43% .43% .43% December ... .46% .46% -46% -4$ a March 50 .49% .49 .43 v May 51% .50% *sl , .51 RYE— September ... .71% ... .71% -® 7 December ... .77 .75% .75.73,2 March 81% ... .81 k .78 LARD— September .. 10 92 10.86 10.92 10.75 October ... 11.00 10.85 11.00 10.75 December ... 10.82 10.72 10.82 10.69 Bu Times Soecial CHICAGO. Aug. 7.—Carlots: Wheat. 178; corn. 51; oats. 199; rye. 5. and barley. 12. Scout Activities to Be Related A report on summer camp activities will be made by Scout Executive F. O. Belzer at a meeting of the executive board of the Indianapolis and Central Indiana Boy Scout council in the Chamber of Commerce today. Various departments chairmen also will report.

You buy for less when you buy at August prices . . . and when you burn “Indianapolis By-Product” Coke you are assured of a cleaner, more enjoyable, more livable home . . . for there is no SMOKE or SOOT and very little ash in coke. ORDER NOW for ECONOMY. I 11 Cl ps%ai S *? art - ultra m , ! / ; HESS MU: mo„., / jHgJnf 5 ji i J CITIZENS GAS GO. I !■ , 45 S. PENNSYLVANIA ST, J

The City in Brief

O. L. Ferguson, division manager of the Westinghouse Electric Supply Company, 545 Madison avenue, is recovering in Methodist hospital after an operation for appendicitis. Petition in voluntary bankruptcy was filed in federal court today by Ralph J. Sears, Anderson electrician, listing liabilities at $3,364 and assets S3OO. A playlet will feature a meeting of the McGuffeyites at Bniokside park at 1:30 Saturday afternoon. NEW FIRM FOR CITY Karpex Company to Start Production Soon. Manufacture of sponge rubber products will begin here soon by the Karpex Company, Inc., in Indianapolis Industrial Center. C. G. Dunphy, acting industrial commissioner of the Chamber of Commerce, said today. The firm is incorporated with capital of $50,000. Its officers are: N. E. Carter, president; Ralph H. Daugherty, vice-president, and F. O. Weirick, secretary-treasurer. Twenty-five men will be employed when the factory starts, and additional forces will be required with arrival of nekr machinery. Marriage Licenses Maurice B. Wilkins. 33. of 1145 River, mechanic, and Ruth Banks, 31. of 1846 West Minnesota, clerk. ... Perry P. Hill. 32, of Danville, clerk, and Maggie E. Talbert. 36. of 4112 Otterbein. Paul Matthews. 25. of Newcastle, laborer, and Beatrice C. Phillips. 19, of 2933 McPherson. _ , Jesse O. Brown. 35. of 1256 Madison, mechanic. and Mary F. Burls. 21. of 911 C Morris H. Kaseff. 30. of 1101 Maple, dealer, and Sarah Dubln, 23. of 1225 Union. C *Barnev S. Rappold. 28. of 434 North Pine, brakeman, and Iva Todd. 25, of 810 BroadW3V clerk Omer R. Hook. 24. of Burnettsville, farmer, and Geneva B. Fletcher. 26. of 1423 Hoyt

Territorial and Insular Bonds We recommend for investment bonds of the Territorial and Insular possessions of the United States. These bonds have been issued pursuant to Acts of Congress of the United States. They are acceptable by the Treasury Department as security for government deposits and are exempt from Municipal, State and Local Taxes except Inheritance Taxes. TERRITORY RATE MATURITY PRICE YIELD Ter. of Hawaii... 4M% 1956/46 $lO5-90 4.00% Ter. of Hawaii... Ter. of Hawaii... 4H% 1952/42 104-68 4-00% Philippine Govt.. 5H% 1941 111,36 4-20% Philippine Govt.. A I A% 1952 105-75 4-10% Porto Rican Govt. 4A% 1938/34 101.26 4-10% We regard these bonds as attractive tax exempt investments at present market prices ■ Fletcher American Company t Affiliated with THE FLETCHER AMERICAN NATIONAL BANK Southeast Corner Market and Pennsylvania Streets

AUG. 7, 1930

SITE OF I. T. U. OFFICESJUDIED City Makes Fight to Keep Headquarters Here. Investigation into the prop >sci removal of the International Typographical Union headquarters from Indianapolis to another city was continued today by the international commission appointed to study the problem. A strong fight to retain the headquarters in Indianapolis is being launched by Indianapolis Typographical Union No. 1, supported by the Indianapolis Chamber of Commerce and other organizations. The commission, which will be in session several days, will report its findings to the international union's executive council, which in turn will lay the matter before the next international convention at Houston, Tex., Sept. 8. A change in the organization’s constitution requiring a referendum of membership will be necessary before the removal can be effected. Headquarters here are located at Twenty-eighth and Meridian streets in a residential type office building valued at nearly a half million dollars. Building Permits Union Trust Company, repairs. 366 South Meridian. $750. , Anna Everett, repairs. 2422 Brookside. M. Buck, repairs. 901 South West. S2OO. Otto Suesz. storage building. Walnut and Economy. SIO,OOO . _ Walter Rupe. repairs. 844 North Tacoma, S2OO H. G. Bills, reroof. 3115 North Delaware, S2OO. S. J. Carr, remodel. 5237 East Washington. SSOO. Gus Meyer, garage. 2109 Singleton. S6OO. Miss Cunningham to Miss Session Miss Dorothy Cunningham, Republican national committee woman, will not meet with the Republican party executive in Washington today. Miss Cunningham is spending a two weeks’ vacation at Dunes park as a guest of Mr*. Harry G. Leslie.