Indianapolis Times, Volume 42, Number 80, Indianapolis, Marion County, 12 August 1930 — Page 12

PAGE 12

STOCK ISSUES SELL OFF ON BEARJFEELING Mail Order Houses Lower on Prospects of Reduced Earnings.

Average Stock Prices

Average o! thtrtv Industrials for Monday was 234.13 tin 1 54. Average of twenty rtls 'as 128.24. up .89. Average of twenty utilities was 89.83. up .58. Averages cf forty bonds was 88.26. up .01. Bv United Press NEW YORK, Aug. 12.—With pressure exerted against issues which might experience reduction in earnings as a result of the drought, trie stock market was unable to rise above previous closing levels today. Around noon prices generally were fractions to more than 3 points below the previous close, but most of them were above their lows of the day. v / Both Sears-Roebuck and Montgomery Ward were depressed to new lows for the year. Sears at 56%, off 3%, and Montgomery Ward at 30, off 2%. J. I. Case lost 5% to 162% and International Harvester 1% to 76%. _ Rails Decline / Simmons Company, which today reported a decline of nearly 30 per cent in July sales, declined nearly a point. Canadian Pacific and Chicago. Rock Island & Pacific both declined to new lows since 1927, and other rails, particularly those which carry large amounts of green, followed. Oil shares were down fractionally and coppers reacted sharply after early firmness. Kennecott was thrown overboard In large blocks, one sale totaling 3,100 shares at 37%. The Issue touched anew low for the year at 37%, off %. Anaconda lost 1% to 48% and American Smelting dipped % to 64%. Motor Shares Off Motor shares were down fractionally, while utilities lost fractions to more than a point. Amusements, with the exception of Warner Brothers Pictures, were easier. Warner dipped to equal its low for the present stock at 24% and then rallied above 27, against a previous close of 25%. United States Steel touched 158%, but around noon was back to around 159. off 1 net. Other steels were lower. American Can dropped more than two points and other pivotal 6hares lost ground. Call money renewed at 2% per cent and was firm at that figure. Time money was firmer, an adverse factor for the bond market. Gains were depressed by profit-taking after com had soared more than two points a bushel. Cotton dipped to within fractions of their seasonal lows and rallied only partially.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Tuesday. Aug. 12, 13.989,000; balances. 18.700,000. CHICAGO STATEMENT Ru T’nited Press _ . , CHICAGO. Aug. 12.— Bank clearings. $99,300,000; balances. $14,100,000. NEW YORK STATEMENT K’l United Press . , NEW YORK. Aug. 12.—Bank clearings. $1,357,200,000; clearing house balance. SIBB 000.000. Federal reserve bank credit balance. $163,000,000. TREASURY STATEMENT B" United Press WASHINGTON. Aug. 12.—The treasury net balance on Aug. 9 was $132,964,444.04. Government expenditures for the same date was $7,371,442.42. Customs receipts for the month to that day was *9,988.920.88.

Produce Markets

Eggs (Country Run)—Loss off delivered In Indianapolis. 17c: benery ouahty No. X. "‘‘pouUry 3 !Buying Pricsel—Hens, weighing *% lbs. or over. 19c; under 4' j ibs 18c Leghorn hens. 14c; springers 3% lbs. or over. 21c: under 2la lbs., l(te: Leghorn springers. 15c; old cocks. 9® 10c: ducks, lull leather, lat whites 9c: geese. 6c. These prices are lor No. 1 top aualtty. ouoted by Klngan & Cos. Butter (wholesale)—No. 1. 41042 c; No. 2 SI r 38c. CheVse* 1 1 wholesale selling Price per pound'— American loaf. 31c: pimento loaf. 52c: Wisconsin firsts. 27c; Longhorns. S4c: New York Llmberger 36c. B't United Press NEW YORK. Aug. 12.—Flour—Dull and easier: spring patents. $5.25(85.60. Pork— Siet: mess. *30.50 per barrel. Lard—sy; nxddle west spot, *11.40011.50 per pound. Tallow— Steady: special to extra. s’@s!c. Potatoes—Firm; Long Island. *l4: ..75 barrel: southern, *1(8125. Sweet potatoes—Dull and easy; southern bassets. 75®*0c; southern barrels. *1(87.40. Dressed poultry—Firm: turkeys. 230 50c; chickens. S2t3sc: fowls. 14029 c; ducks. 12 >3lsc; ducks. Long Island. 124122 c. Live poultry —Fowls. 17023 c; turkeys, 20025 c. roosters. 16c: broilers. 22023 c. Cheese—Firm; stete whole milk, fancy to special, 240 36c. Ybung America. 17%®25c. Bu United Press _ „ . . . CHICAGO, Aug. 12.—Eggs—Market, firm; receipts. #.il cases; extra firsts. 25026 c; firsts. 24.i24 , ;c; current receipts, 20'u 21 %c: ordinaries. 15019 c; seconds. 120 14’ jc Butter—Market, firm: receipts. 14.929 tubs: extras. 37%03*c: extra firsts. 36%®36e; firsts. 34%033%c: seconds. 320 32'-c; standards. 38c. PoultryMarket. firm; receipts. 1 car; fowls, 22c: springers. 24c: Leghorns. 14c; ducks. 140 lie: geese. 12c; turkeys, 18c; roosters. 14c; brotlers. 19c. Cheese—Twins. 17017’ic: Young Americas. 18%c. Potatoes—On track. 211; arrivals. 53; shipments. 352; market, steady; Wisconsin sacked Irish Cobbler*. *2: Idaho sacked Russets, *3® 3 50; Nebraska sacked Irish Cobblers. *1.90 02 05; Missouri sacked Irish Cobblers, at 7001.85. New Jersey sacked Irish Cobblers, $20310. B't United Press CINCINNATI. Aug. 12.—Butter steady; creamery -In tubs lots, according to score. 34037 c; common score discounted. 203 c; packing stock No. 1. 2sc: No. 2. 23c; No. S. 15c: butter fat. 35a37c. Eggs—Steady; cases included, extra firsts, 29c; firsts, 24c: seconds. 21c: nearby ungraded. 23c. Live poultry—Thin and coarse stock sells onlv al heavy discount: fowls. 5 lbs. and over. 2!c: 4 lbs. and over. 10c: 3 lbs. and over. 17c: Leghorns, 3 lbs. and over. 14c; roosters. 13c; colored frvers. over 3 lbs.. 27c: brotlers colored over 2 lbs.. 23%c: broilers orer 1% lb*.. 23c: I'* lbs. end ovfr. 19c: Leghorns end Orpington broilers over 1H lbs.. 23c. 10 lbs. and over. 19c: broilers partly feathered. 15018 c: black springer*. 18c. Building Permits N Hines, garage. 1503 State. *2OO. Charles Wenner. dwelling and garage. 10006 North Delaware. *1.500. J Jacgnort. repairs. 1008 North Emerson. $1 360 Charles McArthur, dwelling and garage. <4 John*Wocd. s< garage. 4637 Schofield. S3OO. O Wise hart, reroof. 3309 East Twentv- ** William ' Rosegarten. garate. 1034 St. Paul $390 John Hansen, repairs. 1033 Dawson. S9OO. Iran Frakes. garagr. 1121 Ewing. $245.

Local Wagon Wheat

Otv grain elevators are paving Me for No. red wheat and 7*c for No. 1 hard

Retail Coal Prices

Coke. nut *uo I J.JS temn'!:;:;!!!!! 4?fas 7s Indian* ..I 4.75ti5.7S Indiana mm* ran <.TS*S on WtU Vire.nla lump 125222 West VlntlnU rtt 6.So*t< $• kSk-Hj™;'::::: ;£*•” Pocahor.tai forked hunn 9 50 gE£^#£* | tat

New York Stocks “ (Bv Thomson & MeKlpnoni

Aug. 12— Prev. Railroad*— High. Low. 11.30. clow. Atchlaon *ll Balt Sc Ohio 103 Che,* & Ohio 48% 44% 4i*i Chess Cotd 64 63% 63% 64 a I Chi Ort Welt 10 #H 9% 10 Chi N West 29 Dei L Ac W 113% 112% 112% 113% Erie 3*% *% trie Ist pfd.... 5*% Illinois Central :. 114 Lou Sc Nash 11?,. | Mo Pacific ,40 Mo Pacific pfd.. .. ... ... 120 Vs !nV Centra" ....lM’a 17% 1*7% 160 NY NH & H , 100% 101% ! Pennsylvania .. 72% 71% i2 73% jSo Pacific 118% 116 116% 11*% Southern Ry 78 77 % 77% i7% St Paul 13% 13 St Paul pfd 30 19% 18% 19% St L Sc 6 T. .. 89% 88% 89 89 Union Pacific 215 -a. Wabash 81 W Maryland _ 22 Equipment,— ■Am Car Sc Fdy.. 48% 48i 48% ... Am Steel Fd ... 42% Gen Am Tank... 81% 81% 81% 83% ! General Elec .. 67% 66 66 % 69% Gen Rv Signal ... 74 Pullman • • 68% I Westlngh Ar B 37% 38 i Westlngh Elcc .137% 133% 136% 139 Rubbers— Firestone 20% 19% 20Vi 20% Fisk 2 1% 1% 1% Goodrich 22% 22% 22% 23, ! Goodyear 60 59 59 6i% Kelly Sprgfld ... 3% 3% 8% 3% U S Rubber 20% 19% 19% 20% Motors Auourn 110 108% 108% 111 Chrysler 27% 27 27 27% Grenani Paige 6% General Motors. 44% 43% 43% 44% Hudson 32 31% 31% 31% Hupp 13 13 Vs Mack 54% Nash 33% 32% 33% ... Packard 14 ! Reo 9 Studebaker 29% 27 29 29% Yellow Truck .. 21% 21% 21% 21% Motor Access— I Am Bosch ... ... 35 i Bendix Aviation. 30 29% 29% 29% I Briggs . 20% 19% 19% 20% : Eaton 23Va 23% Houda 10% Motor Wheel 32% ... Sparks W 20% 20% 20Va ... Stewart Warner 23% 24% Tlmkin Roll 64% Mining— Am Metals 31 Am Smelt 64% 64% 64% 65% Anaconda Cop.. 49% 49% 49% 49% Cal Sc Hecla 14% ... Cerro de Pasco 48% Dome Mines 7% ... Freeport Texas . 40% 40% 40% 41 Great Nor Ore 19% 19% Int Nickel 21% 21% 21% 21% Inspiration .. ... 15% Kennecott Cop.. 37’% 37% 37% 37% Magma Cop 32% Miami Copper 16% Nev Cons 16% 16 Texas Gul Sul 57% Oils Amerada 23% 23% Atl Refining 35’a 35% 35% 35% Barnsdall 22% 22V* Houston 76 75% 76 75% Ind Oil 21 Indian Refining 11% 11% Lago Oil 28% 28% Mex Seaboard . 21% 20% 20% 21 Mid Conti 23% Pan-Amer IBi.. 58% 58% 58% 58 Phillips 31% 31 Va 31% 31% Pr Oil Sc Gas.... 35% 35 35% 35% Pure Oil 21% 21 21 21 Richfield 15% 15% 15% 15% Royal Dutch 52 Shell Un 19% 18% 18% 19% Simms Pt 20 V a 20 20 Sinclair 23% • 22% 22% 23 Skeilv 29 Vi Standard of Cal .. ... 62% 62% Standard of NJ 69 68% 68% 69% Standard of N Y 31% 31% 31% 31% Texas Cos 51% 51% 51% 51% Steels— Am Roll Mills 52 53 Bethlehem 79% 78% 78% 79% Bvers A M 63% 62% 63% 64% Colo Fuel 47% 46% 47% 47% Cruc Steel 74', x ... Ludlum 23% 23 23% 22% Midland 30’s 30% 30% ... Renub ISc S 41** 39% 39% 41% U 8 Steel 159% 138'.* 159% 160 Vanadium 86% Younest S & W 35 35 Tobaccos— Am Sumatra 11% Am Tobacco lAi .. .•■ 237 238-/* Am Tob ißi 238% 237 237 242 Con Cigars 36% 3. General Cigar 44' 44% Lig & Mvers 8.. ... 92 92 Lorillard 22% 21% 21% 32 Revnolds Tob... 49% 49% 49% 49,; Tob Pr A VL •••,, United Cig 5% 5% a't A.-' T & . U . .206 204% 204'% 206 Col Gas At El 57% Com Sc Sou 13',a 13 13% 13% El Par Sc Li ... 62% 60% 61% 62‘s Inti TANARUS& T 43% 42% 43_ 43% Gen Gas A 9 8% 8% 8% Natl Pwr Sc Li 42% 41% 42% 43% No Amer Cos ... 93% 92% 93% 94 Pac Gas & El 54 Pub Ser N J ... 87% 87% 87% 87% So Cal Edison .. 55 ... 55 55 Std G & El ... 91% 91 91% 93 United Corp ... 29% 29% 29% 29% Ut Pwr Sc L A 31% 31 31 31% West Union 166 Shipping— Am Inti Corp 31% 31 31% 33 Atl Gulf & W I 51% ... Inti Mer M pfd ... 21% United Fruit ... 87% 87% 87% 87% Foods— Am Sug ... ... 52V; Armour A 5 4% 4% 4% Cal Pkg 62% 62 62 62 V; Can Dry 62Vi ... Childs Cos 49% ... Coca Cola ... 174 174% Cont Baking A 23 23 Corn P-od 85% 84% 85% 85% Com Wheat 30% ... Cudahy Pkg 40 Oen Foods 52% 51% 52 52% Grand Union 15 Hersey 92% 92% Jewel Tea 48% ... Kroger 23% 23% Nat Biscuit 79 79% Pillsbury 32% Safeway St 60 59% 59% 59% Std B-ands 18% 18% 18% 19 Diugs— Coty Inc 20 20 Lambert Cos 87% 87% Lehn & Fink 27% 27% Industrials— Am Radiator .. 25% 25 25 25% Gen Asphalt 42% ... Lehigh Port 32 Otis Elev 62 61*% 61% 62 Indus Chems— Allied Chem ....245% 244 245% 249*; Com Solv 23% 22% 22% 23% Union Carb 69% 67% 67% 70%■ U S Ind A1c0... 62 61% 62 63 Retail Stores— Assoc Dry Gds.. 31% 31% 31% 32 Gimbel Bros 10% 10% Kresge S S 28% May D Store 42% 43% Mont Ward 32% 30% 31 Penny J C 51% 50% *50% 51 Schulte Ret St 5% Sears Roe 57% 56% 57 59% Woolwortll 57% 57% 57*4 58% Amusements— Bruns Balke 16 Col Graph 16% 16*4 16% 16% Eastman Kod ..200% 196*= 198 203% Fox Film (At .. 42 41% 42 41% Grigsby Grunow. 14*4 13% 13% 14% Loews Inc 64 63% 64 64 Param Fam 53% 53% 53% 54% Radio Corp .... 39% 38% 39*4 39% R-K-O 28% 27% 27% 28% Schubert 16 Warner Bros ... 26% 24% 26% 25% Miscellaneous— City Ice Sc Fu.. . 43 Congoleum 11% Amer Can 119 117 117% 119 Cont Can 63% Curtiss Wr 6% Gillette SR 79% 79% Real Silk 39% 40%

In the Stock Market

'Bv Thomson & McKinnon! NEW YORK. Aug. 12.—Without in anyway attempting to minimize the disaster which has befallen the com crop, we may as well take a philosophical view on the theory that it is an ill wind that blows no good. Probably one-third of the agricult iirists will feed the burned of the crop failure. At the same time, the insurance of large crops of small grains will be a blessing to the remaining two-thirds. Substitution of wheat and other grains as feed and crop failures abroad will automatically solve the wheat problem which forced the creation of the federal farm board. It is yet too early to judge to what extent the purchasing power of the com belt has been Irretrievably lostIt goes without saying that there will be greatly increased purchasing power from the wheat growing areas and other producing sections not stricken by the drought. Fortunately the stock market is at comparatively low levels, with security loans measured by the total value of securities at the lowest rate in many years and is probably in an excellent position to withstand the sudden shock of the bad news. Ho ne Looted of $4,000' WASHINGTON. Aug. 12.—John Stemhagtn. member of the United States board of tax appeals, came home with his family from a vacation to find that thieves had taken everything but the house while they were away. The loot included rare old b Iks. The loss was estimated .twA

SWINE MARKET SHOWS WEAKER TONE ATYAROS Cattle, Veals Unchanged; Sheep Strong to 25 Cents Up. Aug. Bulk Top. Receipts. 5. 59.50 H 10.00 510 00 7.000 6 9 -tO® 9.85 9.85 5.500 7 9.50*7 9.75 9.75 5.000 8 9 75'a10.00 10.00 3.500 I 9 85&10.10 10.10 2.000 l!: 9 901, 10.10 10.10 4.500 12. 9.80® 10.00 10.10 5.500 The trend in hogs at the Union Stockyards this morning was steady to 10 cents lower, mostly 10 cents off. The bulk, 160 to 300 pounds, sold for $9.80 to $10; top price paid was $lO.lO. Receipts were estimated at 5,500, holdover were 243. Cattle were mostly steady with receipts of 1,200. Vealers were little changed at sll-50 down. Calf receipts were 800. The sheep market held strong to 25 cents higher, top lambs selling at $9.25, the bulk making the market at $9. Receipts were 2,000. Chicago hog receipts were 21,000, including 7,500 direct. Holdovers were 7,000. Very little done today with asking steady on lightweights. Early bids on weights above 250 pounds were steady to .strong; packing sows steady; 250 to 290 pound weights, $9.60 to $9.70; early bulk packing sows, $8.15 to $8.35; a few lightweights up to $8.65. Cattle receipts were 7,500; sheep, 12,000. HOGS Receipts, 5.300; market, lower. —Light Lights—-'l4o-160) Good and choice....s 9.50® 9.75 —Light Weights-;-(160-1801 Good and choice.... JOOOf J°-}° (180-200) Good and choice 10.00® 10.10 —Medium Weights—-(2oo-2201 Good and choice 10.00®10.10 (220-500) Good and choice 9.90® 10.00 —Heavy Weights—-(2so-350) Good and choice ?.80@ 9.90 (290-350) Good and choice.... 9.40® 9.80 —Packing Sows—-(27s-500) Medium and g00d... 7.25® 8.25 —Slaughter Pigs—-(loo-130) Good and choice 9.00® 9.25 CATTLE (Slaughter Classes) Receipts. 1.300: market, steady. —Steers—-(6oo-1.100) Good and choice $ g-gj®lo.so Common and medium 5.50<a o.jo (1,100-1.500) Good and choice Medium 6.25® 8.00 —Heifers—-(sso-850) Good and choice , f-fIJQ; 1 ?-!;! Common and medium 5.50(® o.ou —Cows — Good and choice Hnn£ Common and medium 4.00® 5.50 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® 5.00 CALVES AND VEALERS Receipts. 800; market, steady. —Vealers (Milk Fed)— Good and choice Medium I-ISS; 1 ? !? Cull and common 5.50® 8.50 —Calves—-(2so-500) Good and choice 7.00® 9.50 Common and medium 5.00® 7.00 STOCKER AND FEEDER STEERS (50-600) Good and choice 5-50® 7..0 Common and medium 4.00® 5.50 (800-1.050) e Good and choice , s§9® Hn Common and medium 4.dv<q> o.au SHEEP AND LAMBS Receipt*, 2.000; market, hither. —Lambs — Good and choice $ |oo@ ® 55 Common and medium ........ 4.00® 8.00 —Ewes— „ „ _ „ Medium and choice 2.00® 3.00 Cull and common I.oo® 2.00

Other Livestock Bu United Press _ CHICAGO. Aug. 12.— Hogs—Receipts. 21,000; inOiding 7.500 direct; active, weights uin.er 240 lbs., steady to weak; heavier kinds strong to 10c higher; packing sows steady to strong: top $9.95; brnk 160-220 ib. weights, *[email protected]; light lights. 140-160 lbs., good and choice, $9.10 @9.80; light weights. 160-200 lbs., .good and choice, $9.7009.95; medium weights. 200250 lbs., good and choice. $9.6009.90: heavy weights 250-350 lbs., good and choice, [email protected]; packing sows. 275-500 lbs. medium ajjd good, $7.5008.50; slaughter pigs, 100-130 lbs., good and choice, $7.7509.25. Cattle —Receipts, 7,500. Calves—Receipts. 2.000; heavy steers very dull, weak to lower; new lows for season; bulk heavies. $809; best early, $9.60; choice light steers and yearlings up to $10.75. however, with 870 lbs. heifer yearlings $10.60; low prices cows and bulls firm; slaughter cattle and vealers; steers ’•>00-900 lbs., good and choice, $9.50® 11; 900-1,100 lb*., good and choice. $9.75011; 1,100-1,300 \s„ good and choice, $10.50; 1,300-1.500 Ids., good and choice. $8010: 600-1.300 lbs., common and medium $5.75 08.75; heifers. 550-850 lbs. good and choice. [email protected]; common and medium, $509.50: cows, good and choice. $5.50® 7.75; common and medium. $405.50: low cutter and cutter. *3@4: bulls (yearlings excluded), good and choice (beef). $6.25® 7: cutter to medium. ss@7; vealers (milk fed), good and choice. $11013; medium, $9.50®11; cull and common $709.50; stocker and feeder cattle; steers. 500-1,050 lbs. good and choice. $6.5008.50; common and medium, $4.75® 6.7 b. Sheep—Receipts, 12.000: native lambs about steady: bulk good and choice to packers, [email protected]; few, $9.50: no range lambs sold; sheep steady; slaughter sheep and lambs; lambs 90 lbs. down, good and choice, $8.50 09.65; medium. $108.50; all weights common. $4.75 ®7: ewes. 90-150 lbs., medium to choice. 52.2504: all weights cull and common $1 ®2.75; feeding lambs, 50-75 lbs., good and choice, $6.2506.75. Bji Times Special LOUISVILLE. Ky., Aug. 12.—Hogs—Receipts. 500; market, steady: 225 lbs. up. $9.25: 165-225 lbs., $9.90; 130-165 lbs., $8.90; 130 lbs. down. $7.20; roughs, $6.60; stags, $6. Cattle—Receipts, 100; market, steady; prime heavy steers. $7.5009; heavy shipping steers. $6®7.50: medium and plain steers. $4.75 0 6.50; fat heifers. $408.50; good to choice cows, $4 0 5.50; medium to good cows. $3.50 04; cutters, $3.25(83.50; canners, S2O 3: bulls. $3.5005.75; feeders, $5.5007; Stockers. $3.50 0 5.50: calf eceipts, 400; market, steady: choice $708.50; medium to good, $5.5006.50; common to medium. S3O 5. Sheep—Receipts, 600; market, steady; ewe and wether lambs. $8; buck lambs. $7; seconds. $3,50 0.4; clipped lambs. *2.5003.50. Monday's shipments— Cattle, 658; calves, 1,392; hogs, 157; sheep, Bu United Press CINCINNATI. 0.. Aug. 12.—Hogs—Receipts. 3.215, including 1.815 direct: no holdovers; market. moderately active, mostly steady on hogs averaging downward from 220 lbs.; heavier weights, 150) 2oc or more higher for two days; bulk. lbs • *IOO 10.25; mostly $10.25 on 230 lbs. down: 250-300 lbs., quotable $9.50 010; 120-150 lbs., mostly $9.50; sows. s7® 7.50; bulk. $7.25. Catlle—Receipts. 500; calves. 450; generally steady with bulls 25c mgher; quality of steers and heifers not very desirable; most lower grade selling from $5.5006.50: most beef cows, sood weighty kind upward to $6.25; low cutters and cutters, active bulk s3@4: most bulls. $5.50® 6.50; top, $6.75; ISVTff. more act *re; g-„od and choice, $9.50019.50: lower grade. $609. SheepReceipt. 1.900; mostly steady; some stronger on scarce supply o$ better grade lambs; food and choice lambs mostly $9; some rain lambs. $9.50; medium grade. S6O e.oO; common throwcuts. SSO 5.50: fat ewes, $2.5004; chits downward to sl. Bu United Press EAST ST. LOUIS. HI.. Aug. 12.—Hogs— Receipts. 13 500: market, generally steady with Monday's average; top. $9.90; bulk 160-260 lbs.. $9.7509.85; pigs active; 140 lbs.. SBO 9.25. sows. $7.50 0 7.85. Cattle —Receipts 6.000. Calves—Receipts. 2.500; market, fed steers and early western sales, steady; indications steady on good to choice mixed yearlings and heifers: low cutters around steady; bulls strong: vealers. 50c lower at *11: native steers, $7.50® 9SO: westerns. *4.40®6: western heifers, $6: top sausage bulls. *6.25. Sheep—Receipts. 4.000; market, opening .25 0 50c lower: bulk to packers. *8 2508.75; top to butchers, $9; sheep steady. -FT. , WAYNE. Ind.. Aug. 12.—Hogs— Market. Steady: 90-130 lbs. *9 05; 130-150 *>-• *9.45: 140-170 lbs.. *9.60: 170-190 lbs., *9B; 190-210 lbs., $9.75; 210-230 lbs.. *?6S: 2 3 °-250 lbs.. $9.55: 250-270 lbs.. $9.45; 2.0-300 lbs.. $9.35: 30-9-325 lbs.. $9 10roughs $7.25; stags. *5. Calves. *11; iambs. sB- - United Press' PITTSBURGH. Aug. 12.—Hogs—Receipts, 300: market, active and steady: 150-220 lbs.. *IOO 10.50 : 230-280 lbs.. *9.50010; 100-140 lbs.. *9.35 0 9.75: good sows. *7.50. Cattle—Receipts. 10: market, unchanged; common steers.. *4.50® 6.50. Calves—Receipts. 100; market, steady; choice vealers. *llOl2. Sheep—Receipts. 500; market, steady; choice fat lambs. 8$09; medium. *6® 7.50. Bn United Press EAST BUFFALO. N. Y.. Aug. 12.—Hogs— Receipts. 1,000; holdovers. 200; generally steady; bulk 150-210 lbs.. *10.40010.50 : 220250 lbs.. *9.75010.35: packing sows. *7.50 ®8; pigs largely *9.75. Cattle—Receipts. 200; slow, steady; medium vearlints. *9: common grassers. *6.10: cutter cows. $2.25 @4. Calves—Receipts. 500; vealers. draggy mostly 50c lower *l2 50 down. Sheep —Receipts, ’ 200;. iambs, slow; fairly steady; oualUy Pjun; good to choice natives. *10; and mixed kinds. *7.2509.25; thfiwlws. *8.50: fat ewes. *8 4an>

THE INDIANAPOLIS TIMES

Dow-Jones Summary

LONDON—New York cjbles opened at 4.8, 5-32 against 4.87 -32. Parls checks 123.83. Amsterdam 12.082. Italy 93.00. Berlin 30.292. Tt'LSA— Daily average production of crude oil in United States for week ended Aug. 9. totaled 2,118,259 barrets, a decrease of 20,108 barrels, according to Oil and Gas Journal. Light oil output increased 11,196 barrels daily. Total melt of fifteen United States sugar ssMar&s ■ssyisaiftasfos long tons against 2.870.000 in 1929. Mac Andrews Sc Forbes Company June quarter net profit eaual after preferred dividend requirements to 65 cents a snare on 339.600 no-par common shares against 66 cents in preceding auarter and 68 cents a share on 383.539 shares in June quarter 1929 Six months net profit equal to *l3l a share on 339.600 common shares against *1.35 a share on 383,539 shares in first hall previous year. Federal reserve board's condition statement on Aug. 6 shows decreases for week of *73.000,000 in loans. Investments $134,000 000 in net demand deposts and $44,000,0C0 in government deposits. Borrowings irom reserve banks increased *16.000,000 Loans on securitias $8,434,000,000 increase *18.000,000 in week. AU other loans 58.472.000.000. decrease $57,000,000 Total roans *16,906,000,000. decrease *39,000,000. Petition being circulated on Stock Exchange seeking holiday Aug. 30, has 400 signers. I B Kleinert Rubber Company declared a dividend ox 40 cents on common, payable Kept. 2, record Aug. 19. Three months ago a quarterly dividend of 62% cents was paid. American Encaustic Tiling Company six months net loss $33,958 equal to 1.36 a share In first half 1939. June quarter net loss $34,955 against net profit $2,031 in previous quarter and net profit $205,735 tn June, 1939, quarter. Canadian government estimates spring wheat condition on July 30 at 85 per cent against 91 per cent on June 30 and 66 per cent on July 31. 1929. i Department of agriculture estimates corn cron on Aug. 1 as 2,212,000.000 bushels against 2.803,000,000 on July 1 and fiveyear average of 2,700,000,000 bushels. AU wheat 821.000.000 bushels. 807.000.000 and 833.000.000 bushels, respectively. Barley 306.000,000 bushels. 332,000.000 and 241,UOO.OOO busnels. respectively. Secretary Hyde estlmtaes drougnt lopped off 100.000,000 bushels of corn since report. Paraffine Company. year nfied June 30, net profit $- 56,041 after all charges against $2,863... >8 in 1929. New York Stock Exchange member borrowings against stock collateral on Aug. 1 amounted to 5.49 per cent of market value of all listed snares, a decrease of 0.34 per cent from July 1. and comparing with 8.87 per cent on Aug. 1. 1839. Market value of all shares on Aug. 1 was $67,221,337.495,-in-erease of $3,329,010,436 over July 1. New York Central Railroad, including leased lines, in second quarter, earned $2.93 a share on 4,992,596 shares against $451 a share on 4,635,592 shares In second quarter 1929. Six months $4.63 a share on 4,992.596 shares against $7.77 a share on 4,635,592 shares in first half 1929. Oklahoma Gas and 3M<Strlc twelve nonths ended June 30, total income beiore depreciation, $7,259,402, against $/,- 023,918 in preceding year. Philadelphia Company twelve months ended June 30. total income before depreciation. $32,683,859, against $31,785,214 previous year. Louisville Gas and Electric twelve months ended June 30. total income before depreciation. $5,895,909, against $5,543,333 in previous year. Northern States Power total income before depreciation }n twelve months ended June 30 was $17,022,767 against $17,404,212 in preceding year. Two hundred eighty thousand American Telephone and Telegraph stockholders subscribed about $225,000,000 to recent offerings of stock. David Pender Grocery Company six months net loss $55,539 after expenses •fid charges against net profit $125,014 in first half 1929. Ohio Seamless Tube Company six months net profit $150,400 after charges, depreciation and federal taxes against $428,065 in first half 1929. Standard Gas and Electric in year ended June 30. 1930, total income before depreciation $76,993,751 against $74,910,313 last year, New York state employment declined 4 per cent during July to 83.3 lowest point since June. 1914. Association of Cotton Textile Merchants report July operations in standard cotton cloths at 27 per cent below July, 1929. Sales at 108.6 per cent of production and shipments at 106.5 per cent of production. Midland United stockholders approve Increase in authorized common to 7.500.000 no-par shares from 5,000,000. National Dairy Products elected J. Weinberg of Goldman Sachs & Cos. a director to succeed Waddill Catchings. resigned. Long Bell Lumber Corporation six months net loss $610,921 after depreciation. depletion and interest, against nrofit of $2,019,868 before federal taxes in first half 1929. June quarter net loss $350,880 against net loss of $305,041 in previous quarter and profit before federal taxes $2,047,570 in June, 1929. quarter. I. Miller Sc Sons, Inc . declared regular quarter dividends of 50 cents on common and sl.62Va on preferred common, payable Oct. 1, record Sept. 19. and preferred, payable Sept. 2. record Aug. 20. Pittsburgh & Lake Erie Railroad in second quarter earned $2.09 a share against $2.30 a share in like 1929 auarter. Six months $3.78 a share against $4 in firsthalf 1928.

Net Changes

By United Press NEW YORK, Aug. 11—Closing prices and net changes on principal stocks traded in on the New York Stock Exchange today were as follows: Up, Off. American Can •••119 2% ... Amer Tel & Tel ••• 2 25,. h Bethlehem Steel 79% ... % Consolidated Gas l°?i* ••♦ Fox Film A 41% % ... General Motors 44% 1 ... nternational Tel & Tel.. 43% % ... Loews 54 % ... Montgomery Ward 36% ... 1% National Power 43% 2 t ... Packard 14 % ... Paramount 54% Vs ... Raldio 39% 1 Radio Keith 28% % ... Sears-Roebuck 28% .. 2'/s Standard of N J 69% 1% ... United Gas Imp 33’% ... % U S Steel 160 % . . Vanadium 86% 3% ... Warner Brothers 25% ... % Westtnghouse 139 1 ... Yellow Truck 21% V* ...

New York Bank Stocks

—Aug. 11Bid. Ask. America 90 92 BanK of United States 38 38 3 ,i Bankers 132 U 133 Centra It Hanover 325 328 Chase National 134' 2 136 Chatham Phoenix Natl ... 105 107 Chemical 62 3 /4 63 3 Citv National 122 123 Com Exchange 154 158 Commercial 370 385 Continental 261i 27 & Empire 79 80 First National 4.800 4.850 Guaranty 600 602 Irvinir 47 V. 48 ti Manhattan A: Company .. 103'y 103>i Manufacturers 8114 82 l iOther Livestock Bu United Press CLEVELAND. Aug. 12.-Hogs—Receipts. 900: holdovers, none: steady with Monday's full advance: 160-210 lbs.. $10.35: 220-250 lbs.. *IOO 10.15: 250-300 lbs.. *9.50 8 9.75: bulk puts. *9.50. Cattle—Receipts. 125: few common. *7. steers showing week's full upturn. bulls also active and strong, upward to *6.25 or better on sausage offering*. cows weak to 25c lower: cutter grades, *2 500 3 mostly. Calves—Receipts. 600: steadv to 50c higher: sc.ts considered, better grades most active, good to choice lightly sorted. *12.50@13: top. *13.50: common and medium. wail. Sheep—Receipts. 1.000: weak: spots. 25c lower; bulk lambs. *9.50 downward: strictly choice quoted around *9.75: most medium kinds. *8 down. United Press TOLEDO. Aug. 12.—Hogs—Receipts. 200:, market, steadv to 15c higher: heavies, *B-*5<ri9.25: mediums. *9 50ft 9.90: Yorkers. *B*f9- pigs. SBQ9. Cattle—Receipts, light: market, slow. Calves—Receipts. light: market, steadv. Sheep—Receipts, light: market, steady. It has been estimated that there are at least 4,000,000 slaves in the world.

GRAIN FUTURES DOWN SHARPLY AFTERUPTURN Stop Loss Orders Uncovered by Selling After Early Upturn. Bu United Press CHICAGO, Aug. 12.—Wheat closed a decidedly weak session on the Board of Trade today with sharply lower prices. Heavy selling pressure from locals and commission houses was felt throughout the day while northwestern markets were also weak. Corn was very erratic, partly due to the action in wheat, but mostly due to persistent selling by local bulls in the form of profit-taking. Prices ranged as much as 5 cents and despite the bullish government report were lower at the close. Oats trailed the other grains. At the close wheat was 2% to 2% cents lower, com was % to 1% cents lower and oats were Vi to % cent lower. Provisions were about steady. Liverpool Weakens Liverpool weakened after the opening here and closed Hi cents lower. Local statisticians regard the Canadian report as indicating a crop around 350,000,000 bushels compared to 276,000,000 bushels harvested a year ago. Exports over night were only moderate and mostly Manitobas. Cash prices were 2 cents lower. Receipts were 160 cars. Corn started well gaining 3 cents in December but except for the pit traders and the usual resting orders, there was little buying demand and prices broke shortly thereafter. The pit was very active and the changes rapid. Rains Are Forecast Local bulls were the leading sellers early end commission houses the buyers. The forecast for unsettled weather with probably heavier rains more general over the entire belt. This added heavily to the pressure. Cash prices were 1 cent lower. Receipts were 112 cars. Oats opened fractionally higher and continued in a narrow range during the morning but eased with the other grains at mid-session. Trade was light. Cash prices were unchanged. Receipts were 117 cars.

Chicago Grain Table —Aug. 12— WHEAT Prev. Open. High. Low. Close, close. Sept.. .93 % .93 % .90 .91% -93% Dec.. .99 y 1.00 Vs .95% .96 Ms .99 V Mar. 1 04% 1.04% 1.00 Vs 1.00 Vs 1.04 May.. 1.07% 1.07% 1.03 1.04% 1.07 Dec.. .96 .98 .93 .94% .95 Mar.. .99 1.00 .95% .96% .97% May.. 1.01 .97% .98% .99% Dec . .45Vs .45% .44 .44% .44% Mar.. .47% .47% .46% .46% .47% May.. .49 % .49% .48Vs .48% .49 Sept.. .64% .64% .61' .61% ■s|/ 3 Dec.. .69% .69% .86*4 •86% .68,2 Mar.. .74 .74 .70Ms .71% .73 Oct. 11.02 11.02 10.82 10.90 10.90 Dec. lotas 11.00 10.75 10.80 10.82 Jan. 11.00 11.00 10.80 10.87 1 0.90 BELLIES— 10 te Sept 13.75 13.75 By Times Special CHICAGO. Aug. 12.—Carlots: Wheat. 368; coin. 283; oats. 329; rye, 5, and barley. 29. By United Press CHICAGO. Aug. 12—Cash grain close; Wheat—No. 2 vea, 90%c; No. 1 hard 90® 91c; No. 2, 89 1596 c; No. 3. BSVsmSl l /2C. Corn—No. 2 mixed, *l.OlO 1.02: No. 3, $1.00%®1.02; No. 1 yellow. $1.0101.02%. No 2 sl.Ol Vi@ 1.02 Va; No. 2 white, $1.03® 1 03%. Oats-No. 2 white. 40 %® 41c: No. 3. 39%040’Ac: No. 4, 39%c. Rye—None. Barley—s6o67c. Timothy Clover —$10.25017.75. By United Press TOLEDO. O. Aug. 12.—Grain close: NWheat—Np. 2. red. 93094 c. Corn—No. 3, vellow, $1.07®1.08. Oats—No. 2, white. 43% "@44%c. Rye—No. 2. 75c. Barley—No. 2, 59c. Clover —Domestic. cash. $14 ; 25; prime choice. $14.55- October. sls; December, $15.25. Alsyke—Cash $11.90; October. $12.10; December, $12.3j. Butter —Fancy creamery. 41 (y 42c. Eggs—Country run, 21@23c. Hay—Timothy, $1.20 per cwt. BirthsGirls Eulis and Bertie Johnson. 861 Reisner Chester and Gertrude Meriweather, 134 South Sheridan. . ... ... Llovd and Jeanie Carter, city hospital. Pearl and Ordella Blackburn, city hosPi Casper and Mary Phillips, city hospital. Albert and Elaine Lawless, city hosPi CTovd and Gladys Nelson, city hospital. Ollie and Vera Guthrie, Christian hospi Charles and Henrietta Riggins. 29 South Oriental. „ .. Robert and Marie Jones. 1342 North minds. Ed yard and Hilda Jones, 614 Hiawatha. Robert and Budie Sullivan, 1012 West Twenty-seventh. . Orie and Geneva Simmons. 716 West Wabash. Samuel and Lucille Shute. 1721 Calvin. Void and Ida Highbaugh, 220 Blake. Thomas and Elsie Johnson, 1720 Yandes. Marion and Opal Willoughby. 1214 Bacon. Forest and Margaret Ray, Methodist hospital. Percy and Thelma Lain. Methodist hospital. Ross and Eunice Fitzpatrick, Methodist hospital. William and Ruth Halpern, Methodist hospital. Earl and Alma Thomas. 2415 Northwestern. Earl and Agnes Coble, St. Vincent’s hospital. Fred and Josephine Solomon, 712 Russell. Eugene and Madeline Austin, 126 Kansas. Ralph and Ida Brenkamp. 1642 Asbury. R£v and Marie Clark, 1502 Lexington. Oscar and Violet Le'eb, Methodist hospital. Bovs John and Gladys Patterson, 2104 Shriver. James and Mary Amos, city hospital. Hyland and Anna Hill, city hospital. Edward and Loretta Diekhoff, 1470 North Chester. Roy and Mae Linder, 544 North Belmont. William and Hazel Koenig, 2130 Woodlawn. Holly and Maxine Craig, Methodist hospital. Edward and Kathleen Given, Methodist hospital. Rudolph and Nettie Woerner Methodist hospital. Pascal and Ruby Owens, Methodist hospital. William and Jane Bolen. Methodist hospital . Clarence and Cloe Baker. Bt. Vincent hospital. John and Marguerite Schultz. St. Vincent's hospital. August and Catherine Jensen, 2102 South Delaware. Russell and Thelma Fox, 403 North Grant. Deaths George Weathers. 57. 2057 Boulevard place, acute cardiac dilatation. Jethro Sharpe. .34. 424 North West, broncho pneumonia. Thoephil Outzwiller, 55. 821 Orange, cirrhosis of liver Bernard Thavius Walton. 45, 940 Lexington. acute dilatation of heart. Alice Williams. 73. 1301 East New York, cerebral hemorrhage. Harry B. Mahan. 63. St. Vincent’s hospital. accidental. Mary Agnes Sharpies*. 70. 4704 Carrollton. chronic myocarditis. Anna R. King. 78. 3111 North Meridian, cerebral hemorrhage. Ralph Martin. 50. city hospital, accidental. Nevada O. Murphy. 60. city hospital, chronic inyocardiits. James M. Broucber. 68. 708 East Fiftyfirst. carcinoma. , Phillip Goldsmith. 62. 1022 Union, carcinoma. Henry Newman. 80. 1722 North Alabama, acute myocarditis. Clara A. Bauer. 64. 2502 Ashland, edema of brain. Otto Ray. 23. Long hospital, typhoid fever. Henrv J. Laue. 85. 1456 English, apoplexy. Caroline Koss. 76. 4928 East Washington. cirrhosis of liver. Carrie E. Reed. 76. 1602 Spann, chronic myocarditis. . Orval Ferguson. 33. Methodist hospital, general septicaemia. Edna Jane Haehl. 44. 2225 Morgan, general septicaemia. Henrv Harding. 74. Maxine Craig. 24. Methodist hospital, puerperal eclampsia. Fave Fisher. 6. Rile? hospital, acute poliomyelitis „ . v. Barbara Better. 42. 1122 Beecher, broncho pneumonia.

HARRIS IS NAUGHTY WITH A PURPOSE Out of the Air Comes a Big Name, That of the Brown County Revelers, Now on the Stage at the Lyric. BY WALTER D. HICKMAN MAYBE dirty stories in song about the boy who learned what it means to be kept after school is comedy. I am not ready to admit it for one second. Lydia Harris gives me that problem right now. She takes an off color song by suggestion and by her own method of putting over a song makes it an applause wow. She attempts better things than this with her peculiar method of focusing her nervous mental energy on what she has in hand. When Lydia Harris walks off the stage she owns the whole works. That is the only reason that I can forgive her for doing that one terrible number. It is audience bait. She has the

loudness of output of voice that demands attention. That she has when she enters. She knows her show business up to a certain point. I think this woman is “naughty” in

this song with a purpose. I admire her showmanship. A clever woman. But why spoil it with a song that does not match her method of a good delivery. She has a nervous tempo of great value. It does not have to be ruined by bad words. Out of the air comes Sid Jerome and the Brown County Revelers. The reason this act

. ,

Sid Jerome

is on is because they are a real article on the air over WKBF iri this city. They have a large air following and that following comes out of air to the theater when they appear in person. On the air they have a great contact. They draw a certain picture of old time songs on the air. On the stage as the act is assembled they fail to create that picture. The trouble is that on the stage they follow a formula. On the air they are individual. Showmanship is needed. The appeal is there on the stage but it is not produced. The bill has the service of Dave Ray and A1 Wood. Here is an eccentric attempt. Dot Meyers is surrounded with dancing girls. The toe work of Miss Meyers is good. The movie feature is Lois Moran in “Not Damaged.” Now at the Lyric. st tt tt Other theaters today offer: “Good Intentions” at the Apollo, “Our Blushing Brides” at the Palace, “The Dawn Patrol” at the Circle, “The Sap From Syracuse” at the Indiana, “With Byrd at the South Pole” at the Ohio, and “Sisters” at the Colonial,

INDIANA FRUIT SUPPLYDOWN Prices Raised on Account of Drought. Prices of fruit and vegetables on Indianapolis commission markets have been materially raised by shortages due to the drought, it was shown by today’s survey. Merchants said they were importing products from other states because the Indiana sources had been reduced or wiped out by the dry weather. Green beans, apparently the most affected vegetables, are brought to Indiana from Colorado. Ordinarily, it was said, the supply in Indiana is sufficient to meet the demand. Prices of beans this summer range from $3 to $3.50. Indiana beans sell from $1 to $1.50 ordinarily. Canteloupes were said to be the second in the list of those most affected. Some are being shipped from the melon qection of Indiana, but a great many come from Arkansas. Prices are from $1.25 to $1.50 a crate, compared with 75 cents to $1 ordinarily. Sweet corn is reported scarce. Prices have shot from 15 to 20 cents a dozen to 30 to 35 cents.

On Commission Row

FRUITS Apples—Yellow Transparent, $202.50 a bushel; Duchess. *1,75®2.50:.Car50n,. *3. Apricots—California. Royal. $2.50®2.70 Black'beries—Michigan. *5.50 a 24-auart Cr cherries—California. 8-lb. box. *3; Michigan. 24-auart crate. $3.2503.50. Currants— Michigan. $303 25 a 16-quart 1 Dewberries —16-auart crate. *3.2503.50. Eggplant—Southern. *1.50 a dozen. Gooseberries —Michigan. *3.75 a 16-quart "^Grapefruit—lmperial Valley. *6.5008.50 Grapes—California, seedless. $4 a crate; Malaga, lug. *2.7503. Huckleberries—ss al6 qt. crate. Lemons— Fancy California. $7.5008 a Cl Limes—Dominican. *2.50 a 100. Melons—Cantaloupes. Arkansas staiidards. *3.50 a crate: Jumbo. *3.50®3.70. Ind.ana. flats. *1.25: Jumbo. *1.50: Honey Ball. 360455. [email protected]: Honey Dew. *3 a crate. Watermelons—34-lb. average. 60® —California Valencia. *5.7509 ° r peaches—Georgia. Hiley Bell. *2.25 a one-hall bushel basket; Alberta. $4 a bU Pears—California Bartlett. *4.25 a box. Plums —California, blue. red. yellow. *1.75 02.25 a basket crate. Raspberries—Red Michigan, *3.500 4 a 24-nlnt crate: black. $303.25VEGETABLES Beans—Marion county, stringless. *2.25 a bushel: wax. *1.25 a Climax basket: Kentucky Wonders. *2.2502.50. Beets— Home-grown. 25c a dozen punches. Cabbage—Home-grown, new. *1.2501.75 * Carrots-^Marlon" county. *1.25 a bushel: 35c a dozen bunches. Cauliflower— Home-grown. *1.5002 a t *'cefery— California: $6 crate of 4s: Michigan. Si: Florida, washed. 60c a dozen bU Corn— Roasting eara. Marlon county. 35 @4oc a dozen. • . .. Cucumbers— Home-grown, hothouse. 75c @*l a dozen. Eggplant— Marion county. *2 a dozen. Kale—Horn e-grown. 75c a bushel. Lettuce— Wishlngton Iceberg. *5 a crate of 4s ss: extra fanev Marlon county leaf. 75c a 15-lb. basket. Mushrooms—3-lb. basket. S3. 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. parslev—Mai.on county. 50c a dozen bunches. . Peas—Tei)Dhone. home-grown. *2.75 bU peopers—Southern. *1.5002 a hamper. Radishes -Hothouse, button. 40c a dozen bunches: 1 ng red or white. 30c. Rhubart - Home-grtfwn. 35c a dozen. Spinach —Hodle-erown. 75e a bushel. Souash—Marion county. *1.50 a bushel. Tomatoes —Marlon county. 90c a 10-lb. ba |vrniD?— New. *LSO a bushel: Marion county. 45c a dozen bunches. badgePtheft CHARGED John Baker Alleged to Have Posed as Reporter and Cop. John Baker, 19. 631 Woodlawn avenue, today was charged with petit larceny for alleged theft of a reporter’s police badge. It is alleged Baker attempted to pose as a newspaper man a police officer on several occasions.

REPORT SHOWS LIGHTEST CORN CROPINYEARS Feed Stuffs Decrease 14 Per Cent in Government Statement. Bu United Press WASHINGTON, Aug. 12.—The worst corn crop since 1901, with feed stuffs generally 14.1 per cent below normal was forecast today in the department of agriculture's crop report for July, Average crop prospects were decreased almost 7 per cent. A wide belt extending from the middle Atlantic states west to the Mississippi valley has had the dryest growing Season on record, the department reported. Shortage of rainfall during June and July in the south central states broke all records. The department predicted a corn crop of 2,211,823,000 bushels as against 2j614.000.000 bushels last year. A wheat crop of 820,613,000 bushels as against 806,000,000 last year, was forecast. Drought Moves North Hay and grain sorghum crops, which with grain make up half of the total crops acreage, appear likely to be the smallest in ten years. Pasture is worse than in fifty years, accentuating the feed shortage. The drought is slowly moving northward and now is affecting even New York and Michigan and hurting late fruits and vegetables except where they are Irrigated, the department reported. Winter wheat was too far advanced to be seriously hurt and the yield is thrashing out above earlier expectations, more than offsetting recent damage to spring wheat. Food Crops Normal “On the basis of crop conditions on Aug. 1,” the department stated, “the department estimates that yields per acre will be 5.5 per cent below those secured last year, 9.1 per cent below average yields during the previous ten years and below yields secured in any of the last twenty years, except 1921. Unlike 1921, however, the shortage chiefly is in feed crops. “The decreased yields are offset by the increased acreage planted, in the case of some crops. Considering both acreage and yield and comparing prospective production this season with average production during the last five years, the indications point to about the usual supply of food crops, but a shortage of feed crops, both grain and hay for feeding.”

The City in Brief

Automobile dealers of the city will foster the program of the Indianapolis Kiwanis Club in the Riley room of the Claypool at 12:15 p. m. Wednesday. Formation of a law firm by Harold Warner and Edwin J. Ryan, with offices at 527-28 Lemcke building, was announced today. They ai'e graduates of the Benjamin Harrison law school. Warner attended Cathedral high school, and Ryan, Manual Training high school and Purdue university. Report that she left rings valued at $360 in a downtown hotel Sunday was made to police today by Dr. Hazel L. Ramsay of Sullivan. Discovery of men’s and women’s wearing apparel and a large number of cigaret cartons in a woods on West Morris street, led to police investigation today. Marriage Licenses Marian Lowe, 18, of Terre Haute, salesman, and Anna L. Jones, 20. of New Augusta. Roland A. Trimne, 32. of 1101 Larch, clerk, and Anna M. Truemper. 23. of 752 Cottage, teacher. Newell O. Brooks. 2, of Carmel, farmer, and Louise Roeder. 23. of 726 West Fortythird. stenographer. J. Louis Fichman. 24, of 1848 California. Kcian, and Sara Alpert, of 620 South llan. Earl M. Gannon, 31. of 3533 Pentecostal, printer, and Ruth B. Turpen, 25. 3615 West Washington, clerk. Frank L. Sanders. 22. of Muncie. manager. and Mary E. Hathaway. 20. of 4244 Winthrop. * Tracy C. Flanagan, 23. of R. R. 14. Box 174. painter, and Rhoda J. Denton. 13. of 2101 North Capitol. George H. Moench, 31. of Terre Haute, cashier, and Mildred K. Shaeffer, 22. of 5602 North Delaware, bookkeeper. Herbert A. Hecker. 39. of Buechel. Kv., auditor, and Anna R. Marks. 26. of 6101 Broadway, packer. Harry M. May 22. of 1623 Montcalm, clerk, and Jessie M. King, 19. of 411 South Oakland.

BURIAL AT CROWN HILL Charles Guy to Be Laid to Rest on Wednesday. Funeral services for Charles Guy, 45, of 28 East Eleventh street, will be held at 2 p. m. Wednesday at 2511 Shelby street. Burial will be In Crown Hill cemetery. Survivors are: Five sons, George Guy of Cambridge,, Mass.; Charles Jr., Edward, Albert and Herbert, Guy, and a daughter, Betty Jane Guy, 7, all of Indianapolis; four sisters, Mrs. Ruth Schlegel, M#s. William Isles and Mrs. E. C. Green, all of Indianapolis, and Mrs. Fred Green of Cloverdale, and four brothers, Joseph, Frank and James Guy of Indianapolis, and Thomas Guy of Spencer. MONEY, CIGARETS TAKEN $145 and SSO in Fags Are Stolen From A. & P. Grocery. Theft of $145 and cigarets valued at SSO from an A. & P. grocery, 3826 East Washington street, Monday night was reported to police today by H. M. Demlow, 719 North Bradley avenue, assistant superintendent of the company. w

AUG. 12, 1930

Aviation REASDNFOUND FOR FAILURE OF PLANEMOTORS Draining Carburetor Held Responsible for Many Fatal Crashes. By Seripps-Howard Xcwspapcr Alliae WASHINGTON. Aug. 12.—A large preen tage of airplane crashes are caused by the failure of the motor at that critical moment Just after the take-off. Why engines should stop just at this point has remained more or less of a mystery. But now it is believed the secret has been solved. The firm of Barber & Baldwin, aeronautic insurance underwriters of New York City, has completed a study of the problem. And it has reached the conclusion that the draining of the carburetor and fuel lines after each flight is responsible for this frequent failure of motors on the takeoff. Nine times out of ten, at the end of a flight, the pilot cuts off his gas at the tanks, but leaving his ignition switches on. The motors runs for two or three minutes, until it has used up all the gas remaining in the carburetor and gas lines. Then it dies. The reason for this procedure is to cool off the motor slowly so that the valves won't warp, and also to eliminate the fire hazard. Were the switches cut immediately, the hot motor might backfire through the carburetor full of gas, and start a fire. But this practice, indulged for safety’s sake, has been found to be a hazard in itself. It frequently causes an “air lock” in the gas feed lines, permitting an improper flow of gas to the carburetor, and consequent engine failure when the throttle is opened, according to the Barber & Baldwin study.

Arrivals and Departures Mars Hill Airport—Embry-Riddle passengers to Chicago included Edward Campbell, 1417 Tuxedo street; R. M. Gray, 111 East Thirty .eighth street; eastbound, T. A. T. passengers were Gustav Schlossen, Frankfort, and Mr. and Mrs. H. R. Corbin, 44 Ridgeview drive; westbound passengers included Mrs. H. S. Hall of Mt. Vernon; Lieutenant Sam Miller, Dayton to Indianapolis, overnight, Douglas plane; Lieutenant Matt G. Carpenter, Sergeant Elsworth Caldwell and Captain Pfaff, Stout field to Camp Knox, Ky., national guard planes. Hoosier Airport—H. C. Brooks, Indianapolis to Detroit, Curtiss-Robin; Charles Wethern, United States department of commerce airways inspector, Terre Haute to Indianapolis by way of Muncie, Travel Air. Capitol Airport—Glenn H. Hossman, Detroit, Mich., to Leland, Miss., Fleet plane. Hawks Ready to Hop Bu United Press LOS ANGELES, Aug. 12.—Captain Frank M. Hawks, holder of the eastwest transcontinental air speed record, announced today he will take off at 4 a. m. (central standard time), Wednesday for New York in an attempt to beat Colonel Charles A. Lindbergh’s time for the distance. Adverse weather conditions over Arizona caused Hawks to postpone a scheduled takeoff Monday, night, but later Improvements led to predictions of ideal flying weather Wednesday. Two Hungarian aviators, Alexander May and George Endres, plan to leave Thursday for Flint, Mich., to start a proposed trans-Atlantic flight from there to Budapest. R-100 inShort Flight MONTREAL, Aug. 12.—The transAtlantic dirigible R-100 was back at St. Huberts airdrome today after a twenty-six-hour flight over Ottawa, Toronto, Hamilton and the Niagara. The big ship returned from the flight with one engine damaged and a minor fabric rip. The engine trouble developed- in the starboard forward motor during the landing of the dirigible, but the extent of the damage was not known. Wing Commander R. N. N. Colmore said, however, that it would not interfere with the return trip of the ship to England, which will start within the next few days if weather is favorable.

Test Plane’s Height Guessing the altitude of the mystery plane which is appearing over the city at noon each day this week as a feature of aviation week, has brought forward William F. Weiland, 1056 Consolidated building, who, with L. J. Matlock of the city engineering depa *tment, proposes to compute the exact altitude of the craft by use of a surveying instrument. In the Air Weather conditions at 9 a. m.r Southwest wind, five miles an hour; temperature, 60; barometric pressure, 30.31 at sea level; ceiling, unlimited; visibility, three miles; field, good. SHOE BULGE IS CLEW Alleged Confidence Man Betrayed by Peculiar Foot Shape. Bu United Press CHICAGO, Aug. 12.—A bulge in his shoe today led to the arrest of William Beacon, Tecumseh. Mich., on charges of taking SI,OOO from Mrs. William King by use of a confidence game. Two detectives, who were watching for Bearon at a railway station, noticed that his shoe bulged, made him take It off and found $975 in bills, the remainder, they said, of Mrs. King’s money.

James T.HamiU & Company Prlrato Wire* to All Leading Market* Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trad* IndlaaapAll* Board of Trad* Associated New York Cork 203 Continental Bank Bldg. Tel. Riley MM—RTley MM