Indianapolis Times, Volume 42, Number 101, Indianapolis, Marion County, 5 September 1930 — Page 19

I. 3,1930 r;

£EL SHARES rrilKE LEAD IN k STOCKUPTURN Oils and Utilities Hold Firm as Issues Are Forced Higher.

Average Stock Prices

Average ot thirty Industrials lor Thursday -was 239.04. rff 1.50. Average of iwrntv rati* as 130.87. of! 23. Average of twenty utllitte* was *4 45. off 33. Averse# of forty bends was 97,27. up .IS. and new high for 1930. Bu United Press NEW YORK, Sept. s.—United States Steel led a rally on the Stock Exchange today, rising to 170, i up 2% points from the previous * close. Tradmg continued quiet despite the advance, which ranged from fractions to about 3 points in the general list. Sales in the first half hour totaled 136.400 shares, against 225.300 shares in the like period Thursday and 226,500 on Wednesday. Gains Higher Gains moved up, an advance of fractions to a cent a bushel in wheat being a stimulant to buying of stocks. Cotton held around the previous closing levels. Steel shares were strong under leadership of United States Steel. A. M. Byers around noon was at 74'i, up 2’i points; Vanadium 84, up 3!4 and Bethlehem Steel 87%, up 154. American Can rose 2 points, General Electric a point and Westinghouse Electric more than 2 points. Baldwin rose to 32, up lVs, and a new high. Pool operations in Young Spring and Wire sent the issue up 154 to 41 li. Motors Active General Motors was active in the automobile shares, rising nearly a point to 45’i. Auburn was lip 2'i at 116%, and others of the group made smaller gains. Rumors that Checker Cab would acquire Parmelee Transportation sent both those stocks upward. Checker rose 3% to 30% and Parmelee 3% to 10%. Amusements were higher, featured by Fox and Loew s, both of which rose more than a point. American Radiator was up IV> to 28 in the building equipments. Radio rose more than a point to 40%. Oils | were about, .steady and unities firm.

Bank Clearings

—Spet. 5 INDIANAPOLIS STATEMENT Clearings $ .1.483.n0n on Debits 6,303.000 00 CHICAGO STATEMENT Clearings 80.600.000,00 Balances 5,900,000 00 NEW YORK STATEMENT Clearings $954,000,000 00 Balance 185.000,000.00 Federal Res. Bank Cr. 8a1... 155,000,000 00 TREASURY STATEMENT Net. balance for Sept. 3 $ 94.456,119.86 Expenditures 9.973.478.5] Customs rets month to date 2,578,375.67 FAMILY ‘SAVED’ BY •SELF-MADE’ HERO Boy Lover “Finds” Dynamite Under Girl's Home; Admit* Plot. Hu United Press DENVER, Colo., Sept. s.—Ned Meyer, who is 16 and in love, was convinced today that heroes are bom. not made. f Ned “saved” the family of Margaret Wegener when he discovered and extinguished a burning fuse attached to < • 'it pieces of dynamite under the rear porch of the Wegener her e. For a tin.. until police arrived, Ned was a hero. The police said Ned confessed I under questioning he had placed j the dynamite under the porch, lighted the fuse and then “discov- j ered” the danger himself. “I did it because I wanted Margaret and her folks to think I was a hero,” officers quoted him as saying.

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New York Stock's 111 (By Thomson A McKinnon)"

—Sept. S RailroaSa— Prev. High. Low. 11:30. eloa*. AtchUon 7 2tß>, Belt Ac Ohio 100<4 100 V. Che** Sc Ohio.. 49 48 4 45% 48% Che** Corp 68 Chi N West 73 CRI&P 100 Erie 41 % 41 41% 41 Illinois Central 116'. 11* 116% 113% Kan City So 67% 7% Lou & Nash 120 120 M K it T 45% 41% Mo Pacific 14 Y Central 183% NY NH Ac H 108% Norfolk Sc Weat 223% Pennsylvania 73% 3o Pacific 115% 115% Southern Ry ... 84 83% 84 84% St. Paul 14% 15% St. Paul pfd 22% Union Pacific 317 Wabash 32% W Maryland 23% Equipments— Am Locomotive 44 Am Steel Pd... . *7% 37% Oen Am Tank.. 87% 87% 87% 85% General Elec.... 71% 70% 71% 70% Gen Ry Signal 78% N Y Air Brake 40% Pres* Stl Car 7 Pullman 68% 68 68% 88% Wegtlngh At B . . 38 Westlngh Elec . 149 147% 149 148 Robbers— Firestone 19% Fisk 1% 1% Goodrich 22% 23 22% 22% Goodyear 50% 50 50 50% Kelly Sprgfid... 4% 3% 4 3% U S Rubber ... 19 Motors— Auburn 115 114 Chrysler ... 27% 28 Graham Paige. .. ... 6% 8 General Motors. 45% 44% 45 44% Hudson 29% Hupp 13% 13% 13% 11% 1 Mack 59% • Nash 33% Packard 12% 12% Rco 11% 11% Studebaker 30% Yellow Truck... 22% 22 22% 22% Motor Access— Am Bosch ..... 32% Bendix Aviation 31 30% Borg Warner ... 29V* Briggs 20% 19% 19% 20'% Eaton 23% 13 El Storage B 08% Houda 7% 7% 7% 7% Motor Wheel 21% Sparks W 21% 21% Stewart Warner 27% 26% 27 26% Mining— Am Metals 29% Am Smelt 67% 66% Am Zinc . . .. 9 Anaconda Cop.. 45% 45% 45% 45% Cal <fc Hecla 13 13 Cal <te Ariz 48% 48% Cerro de Pasco 41 % 40% Dome Mines ... 8% 8% Freport Texas . 46% 44% 46% 44 Granby Corp 21% 22 Great Nor Ore 20% 20% Howe Sound .. ... ... 30 Int Nickel 24% 24 24% 24% Inspiration .. 13% Kennecott Cop.. 34% 34 34% 34'/* Magma Cop .. ... 29% 29% Miami Copper.. 13% 13% 13% 14 Nev Cons . . ... ... 13% Texas Gul Sul. 58% 58% 58% 58 U 8 Smelt 20 19% Oils— Amerada 23% 23% 23% 23% Atl Refining 33% 33'% Barnsdall 22 22 V* Houston 76% 74% 76V* 74'% Ind OH 22% 24 s , 24% 25 Indian Refining. 10% 10% 10% 11 Mex Sbd 21 s , 21% 21% 21% Pan-Amer (Bi 53 Phillips 33% 32% 33V* 33% Pure OU 19% 19% Richfield 16% 15% 16% 16 Royal Dutch ... 48% 48% 48% 48% Shell Un 15 14% 15 14’/* Simms Pt 18'/* ... 18% 18 Sinclair 21% 20% 21% 21 Skelly 27% 27% 27 s ; 27% Stand of Cal ... 60% 60% 60% 60% Stand of N J... 69% 68% 69 68% Stand of N Y 31 31 Texas Cos 51% 51% Union Oil 40% Steels— Am Roll Mills.. 52 51% 52 51% Bethlehem 87-4 86% 87 86% Byers A M 73% 73% 73% 72 Colo Fuel 49% 48% Ludluni 21% 20% 21% 21 Midland 30% 30V* 30% 31 Repub I& S 35% 34% H S Steel 169% 168 169% 187% Vanadium 83% 81 % 83% 80% Youngrt. S& W. 41% 40 41 40 Youngst S & T in Tobaccos— Am Sumatra 13 Am Tob (A) 253 253 Con Cigars 36% General Cigar . . 44 Lig * Myers B. 99% 99% 99% 98% Lorillard 22% Phil Morris ri% 11% Reynolds Tob.. 52% 52 52 51% Tob Pr A 12% Tob Pr B. "jv. United Cig 7 .. s Utilities— Adams Exp 26% 26% 26% 26% Am For Pwr. 71% 70% 71% 70% Am Pwr &. Li.. .. 81% AT V T 212% 212 212% 212% Col Gas Sc El.. 59% 58% 59% 58-2 Com Sc Sou 14 13% 13% 13% El Pwr Sc Li 70% 69 70% 69% Gen Gas A....; 914 91/. Inti TSc T 41% 41% 41% 41% Natl Pwr At Li.. 46% 45% 46% 46 No Amer Cos ...104% 103% 103% '105% Pac Gas & El 57% Pub Ser N J 92 91% 92 91 So Cal Edison 56 56 Std G Sc El 103% 103% 103% 102%■ United CorD... 33% 32% 33% 3271 Ut Pwr & L A.. 35 34% 34'% 35% West Union 171% Shipping— Am Inti Coro 36% 36 36% 36 United Fruit 88 Foods— Am Sug 54% Armour A 5% Cal Pkg , 63 Can Drv 64% 64 64 63% Childs Cos 56% 56 56 % 56 Coca Cola 177 Cont Baking A.. 28% 27% 28% 27% Corn Prod 91% 91% 91% 91% Cudahy Pkg 40% Cuban Am Sugar 4% 4 4 ...' Gen Foods 57 56% 57 56% Grand Union 15% Hershev ... 98 Jewel Tea ... 49% ... Kroger 25 s * 25 25% 24% Nat Biscuit 82% 82% Pillsburv 32 Safeway St 67% 66% 66% 69% S'd Brands 20% 20% 20'% 19% Ward Bkg 9 Drugs— Cotv Inc 16% 17% Lambert Cos 92’* Lehn Sc Fink 27% Industrials— Am Radiator .. 27% 26% 27 26% Gen Asphalt 42% 42 Otis Kiev 69% 70% Indus Chems— Allied Chem 275 273 275 273 Com Solv 26% 26% 26% 26% Union Carb .... 79 78 79 77% U S Ind Alco 69

Retail Stores— Assoc Dry Gda.. 36 35 % 36 34% Olmbel Bros .... 11% 11% 11% 11 Kreage S 8 29% 29% May D Store 44 Mont Ward 36 35% 36 35 Penny J C . . 53 Sear* Roe 73% 71% 71% 71 Woolworth 62% 62% 12% 61 Amusement*— Bruns Balke ... 16% Col Graph 17% 16% 17% 16% Crpsley Radio .... Eastman Kod ..215% 215% 215% 213% Fox Film A 51% 50% SI % 50% Orlgsy Gru 13% ... 13% 13% Loews Inc 77% 76% 77% 76% Param Fam 60% 59% 60% 60% Radio Corp 40% 39 V, 40% 39% R-K-O 35% 35% 35% 34% Schubert 18% 17% 17% ... Warner Bros 31% 30’ a 31% 30% Miscellaneous— Airway App ... 17 Congoleum 12',* 12% Am Can 129% 123 129% 127% Cont Can 56 58 Curtiss Wr 6% 6% Gillette SR .... 66% 65 65% 66 Real Silk 42 41% 41'/* 42 Ulen 23 s *

In the Stock Market

(By Thomson Ac McKinnon) NEW YORK, Sept. s.—An item conveying about as much encour- 1 agement as anything voiced recently is the statement of the president of the National Association of Purchasing Agents. This official informs President Hoover that hundreds of millions of dollars will be spent for public utility supplies with the next few weeks. He adds that purchasing agents of railroads, electric companies and large municipal corporations all suggest extensive purchases will be made, due to the favorable commodity prices. * Bankers confirm this change of policy and have already commented upon a large electrical equipment company beginning to place orders for its future copper and pig iron requirements. Apparently the warning recently issued by an important oil company has had effect. Curtailment in refining operations has found response in the first gasoline price advance in the midwest after nearly a year’s steady decline. The casualties of the business depression in the shape of omission and reduction of dividends should now be pretty well known and reckoned with. The stock market has taken such developments with surprising equanimity. The loan statement reveals little of interest, except to bring to our attention that brokers’ loans are precisely five billion less than a year ago. We view the current market reaction as largely corrective, and therefore it seems should be only temporary.

Indianapolis Stocks

—Sept. 5 Bid. Ask. Amer Central Life Ins 50..1,000 Belt R R & Yds Cos com 50 55 Belt R R & S Yds Cos pfd 54 Bobbbs-Merrill Cos 29% 33% Central Ind Power C of pfd. 90 93 Circle Theater Cos com 108 Citizens Gas 2T Citizens Gas pfd 96 102 Commonwealth L Cos pfd 7%.. 97 102 Commonwealth L Cos pf .. 99 Hook Drug Cos com (new).... 22% 25% Ind Hotel Cos Claypool com.. 125 Ind Una Hotel Cos pref 100 104 Indiana Service Corp pref.. 84% . Indianapolis Gas Cos com 57 60% Indpls North Western Indpls Power & Lt pfd 105 106% Indpls Pub Wey Loan As com. 53 Indpls St Ry Cos pfd 10 11 Indpls Water Cos pfd 101 103 Northern Ind Pub 6% co pfd.loo 101% Northern Ind Pub 7 r k co pfd 107 Interstate Pub Serv 7% 101% 104 Interstate Pub Serv 6% 83 89 Metro Loan Cos : 99 Northern lild P 5'%% co pfd.. 92 97 Progress laundry Cos c0m.... 44 47 E. Rauh ■& Sons Fer Cos pfd.. 47 Real Silk Hosiery M Inc pfd.. 90 ... Shareholders Investors C 0.... 23 Standard Oil of Ind 49% ... T H I & E pfd 7 Teye Haute Trac L Cos pfd.. 78 79 Union Title Cos common 40 45 Van Camp Prod Cos Ist pfd 96 Van Camp Prod Cos 2nd pfd.. .. 98 BONDS Belt R R A, Stock Cos 5s 91 Broad Ripple 41 Central Indiana Gas Cos 55... 99% ... Central Ind Power Cos 6s 98% . Citizens Gas Cos 5s ....101 102% Citizens Street Railroad 5s 42 Home T & T of Ft. Wayne 65. 102 Ind Ry & Light Cos 6s 95 Indiana Service Corpn 5s .... 88 Indpls Power Sc Light Cos 55. ..100% im% Indpls Col Sc Trac Cos 6s 90 97 Indpls Gas Cos 5s 100 102 Indpls Sc Mart Rapid T Cos 5s 10 Indpls Northwestern Cos 9 Indpls Street Ry 4s 29 iq Indpls Trac Ter Cos 5s 80 o. Indpls Union Ry 6s 100% 102 Indpls Water Cos s'is 103 Indpls Water Cos 5s 99 Indpls Water Cos lie & ref.... 99 Indpls Water 4%s 94 9C Indpls Water W Sec Cos 55.... 87 Interstate Pub Serv Cos 4%s ... 91% ... Interstate Pub Ser Cos 5s 98 Interstate Pub Serv 6%s 103 No Ind Pub Serv Cos 5s 102% ... No Ind Tcleohone Cos 8s 98% 100 T H Ind Sc East Trac Cos 55.. 70 T H Trac Light Cos 5s 85 ...

NEW YORK COFFEE RANGE High. Low. Close. March 6.09 6.00 6.07 May 6.00 5.93 6.03 July 6.00 5.88 6.00 September 6.10 6.00 6 08 December 6.20 6.05 6.18 Chicago Stocks Opening (By James T. Hamilll <fc Cos.) —Sept. 5 Assoc Tel Util. 24%!Grigsby Gru.. . 13% Auburn Motors. 115 IHoudi B 7Vg Bendix Avia 31 'Elec Hsehold... 45 Borg Warner... 29HjInsull Com 57% Cent So West.. 23'siMap Hsehold... 47% Cord Corpn 74a,Marshall Fields. 39% Con Ch Cp com 14 ;Midl Un com... 25% Con Ch Cp pfd 43% Midi United pfd 44% Chgo Cpn com. 10%!Midd!ew com... 23=8 Chgo Cpn pfd.. 38%iNor & So Am. 12=* Ccgo Sec 22’ilU S Ra & Tel... 23 Gen Thea Ea.. 35%iUt & Ind pfd.. 23% New York Curb Market —Sept. 5 Opening; Opening Am Com Pwr .. 20%!MoKan Pipe ... 19% Am Gas & E1..127 (National Av 9% Am Lt & Tr.. 60 ’ s ' National Inv ... 12% Brazil P & L... 36 Nia Hud Pwr/.. 15% Can Marc 4 iNoranda 22’/* Cities Serv ... 29 Prince & Whtly. 10% Cons Gas 113'iiShenandoah ... 9% Cord 7%! Std of Ind ... 49% Durant Mot 4 Std of Ohio ... 76’* Elec Bond Sh. 81’,4 Trans Air Trans B*4 Ford of Eng ... 21% U nGas (new) . 14% Fox Theater ... 107* Ur, Lt <fc Pwr.. 4C% Goldman Sachs. 19% Ut In Ind ... 13% Ind Terr A 29 Ut Pwr 17% Midwest Ut ... 29'j PHANTOM CLUBBER IS •AT LARGE IN DETROIT Four Merchants and Girl Are Felled by Mysterious Attacker. Bu Vnited Press DETROIT, Sept. s.—Police intensified their search today for a phantom clubber who has felled and robbed four merchants and a 16-year-old girl in three days. Five suspects, all Negroes, are held. Miss Ethel Goldsmith, the fifth and latest victim of the clubbing bandit, is reported near death in Receiving hospital with-, a crushed skull. The other four victims, operators of small business places in the downtown area, are in the same hospital recovering from severe head injuries. MENCKEN TALKS BEER Thinks Drinking Parlors Better Than Canadian System. Bu Vnited Press TRURO. N. S„ Sept. 5.—H. L. Mencken, editor and author, who has arrived here with his bride, the former Sara H&ardt, thinks beer parlors would be an improvement over the system of governmental control used here.

L A R G E AND S M A L L H E A T E R S

THE INDIANAPOLIS TIMES

HIGHER TREND FELT IN LOCAL SWINE MARKET Cattle and Veal Prices Are Steady; Lambs Sell Stationary. Aug. Balk. Top. Receipts. 28. 311.30011.40 $11.65 6,000 29. 11.00011.30 11.35 4,000 30. 11.20 11.20 2,000 Sept. 2. 11.35 11.35 7.500 3. 11.39811.35 11.40 4.500 4. 11.00f111.10 11.20 5.000 5. 11 00 @.11.35 11.35 4,500 The pork market at the city stock yards today was mostly 25 cents higher than Thursday’s general trade. The bulk, 160 to 300 pounds, were selling at sll to $11.35. Top price was $11.35. Receipts were estimated at 4,500. Holdovers, 225. Cattle prices were largely steady, with a better grade of good and choice steers scarce and selling at Thursday’s best time. Vealers stationary at $11.50 down. Cattle receipts, 400. Calves, 600. Sheep and lambs most unchanged with a better grade of good and choice lambs selling at $8.50 to $9.50. Receipts reported at 1,100. Chicago hog receipts were 14,000, including 4,000 directs. Holdovers, 6,000. Market largely 10 to 15 cents higher, few early sales and bids on good to choice 210 to 250 pound weights sold at $11.15 *to $11.25. Best weights ranging 225 pounds were held higher. Few 180 to 200 pounders were selling at $10.85 to sll. Cattle receipts were 2,500. Calves, 1,000, and steady. Sheep, 23,000, to unchanged. HOGS Receipts, 4.500; market, higher —Light Lights—-(l4o-160) Good and choice... .$10.25010.75 —Light Weights—-(l6o-180) Good and choice 11.00 (160-200) Good and choice.... 11.15 —Medium Weights—-(2oo-220) Good and choice ... 11.35 (220-500) Good and choice.... [email protected] —Heavy Weights—-(2so-350) Good and choice.... 11.00811.15 (290-350) Good and choice 10.50811.00 —Packing Sows—-(27s-500) Medium and good.. B.oo® 9.25 (100-130) Good and choice 8.500 9.50 CATTLE (Slaughter Class) Receipts, 400; market, steady. —Steers—-(6oo-1.100) Good and choice $ 9,73® 12.35 Common and medium 6.00@ 9.75 (1,100-1,500) Good and choice 9.25812.00 Medium 7.508 9.25 —Heifers—-(sso-850) Good and choice [email protected] Common and medium 6.000 9.50 Good and choice 5.75® 6.50 Common and medium 5.00® 5.75 Low cutters and cutters 3.008 5-00 —Bulls (Yearlings excluded i Good and choice beef 5.25® 7.25 Cutter, common and medium.. 3.758) 5.25 CALVES AND VEALERS Receipts, 600; market, steady. Good and choice $11.00(311.50 Medium B.oo® 11.00 Cull and common 6.00® 8.00 —Calves—-(2so-300) Good and choice [email protected] Common and medium 5.25® 7.50 STOCKER AND FEEDER STEERS (500-600) Good and choice 5.250 7.50 Common and medium 4.00(6) 5.50 (800-1.050) Gocd and choice 5.50® 7.25 Common and medium 4.508-5.50 SHEEP AND LAMBS Receipts, 1,100; market, steady. Good and choice $ 8.75@ 950 Common and medium 5.008 8.75 —Ewes— • , Medium and choice 2.50(3! 4.00 Cull and common I.oo® 2.50 Other Livestock By United Press CHICAGO. Sept. s.—Hogs—Receipts. 14,000. including 4,500 direct: mostly 10015 c higher; weights below 180 lbs. showing most advance; bulk 200-250-lb. weights. $11.15(511.25: top. $11.30; packing sows. $8.356?9.25: light lights. 140-160 lbs., good and choice. $10012.75: light weights. 16020' lbs., good and choice. $10.50011.25: medium weights. 200-250 lbs., good and choice, $10.90811.30; heavy weights, 250350 Ids., good and choice. $10.25011.20; packing sows. 275-500 lbs., medium and good. [email protected]: slaughter pigs, 100-130 lbs., good and choice. $8.2589.50. Cattle — Receipts. 2,500; calves. 1.000; grain fed steers and yearlings, steady; some slowness on better grade weighty steers, but yearlings continue active: top yearlings. $12.50; heavy steers, sl2; grassy cows and heifers, dull at decline; slaughter cattle and vealers. steers. 600-900 lbs., good and choice. $10.50012.75; 900-1.100 lbs., good and choice. $10.500 12.75; 1,100-1.300 lbs., good and choice. $10012.75; 1,30-1.500 lbs., good and choice, $10012.75: 600-1.300 lbs., common and medium. $6.50® 10.25: heifers, 550-850 lbs., good and choice, [email protected]: common and medium. s6@lo: cows, good and choice, $5 8 8.25; common and medium. $40:5.25: low cutter and cutter cows. $3(5 4.25: bulls, yearlings excluded, good and choice, beef. $607: cutter to medium. $4.25 06.50: vealers. milk fed. good and choice. $10.60812.50; cull and common. $7.5009: Stocker and feeder cattle, steres, 500-1,050 lbs., good and choice, $788.75; common and medium. $5.2587.25. Sheep—Receipts. 23,000; market active; strong to mostly 25c higher; bulk native lambs. $8.5088.75; some held above $9: bucks, mostly $7 25 fit) 7.75: range lambs. $8.75(59: most fat ewes. $3.5004.25: slaughter sheep and lambs, lambs 90 lbs. down, good and choice. $8.25 @9.35; medium. $6.7588.25; all weights, comon. $4.7586.75: ewes. 90-150 lbs., medium to choice. $2.5004.25: all weights, cull and common. $1.5(re73; feeding lambs, 50-75 lbs., good and choice, $6.7507.60. By United Press EAST ST. LOUIS. 111.. Sept. s.—Hogs Receipts. 8.000: market, slow; early sales 15c. mostly 25c higher than Thursday's average: bulk, 180-220 lbs.. $11.15811.25: light hogs. 160-170 lbs.. 10@15c higher at [email protected]: pigs, strong: packing sows, SBO9. largely. Cattle—Receipts. 1,000. Calves—Receipts. 700: market, no native sters; 10 cars western steers unsold early; vealers, 25c lower at $11.50: other classes around steady: not enough sal/s worth mentioning. Sheep—Receipts. 800: market, early lamb sales 25c higher: packers, buying [email protected]: top to butchers, $8.75; culls end sheep, steady. By United Press PITTSBURGH. Bept. s.—Hogs—Receipts, I. holdovers. 750: market, barely active. 15825 c higher: choice. iBO-210 lbs., $11.CO; 240-280 lbs.. $11.40: 260-300 lbs.. sllO 11.25: 100-140 lbs.. $9.50010.25; sows, steady: better grade. $8.50 0 8.75. Cattle—Receipts. 75: market, unchanged: medium to good heifers. $6.750 7.25; medium bulls around $6. down. Calves—Receipts. 1.000: market, slow: vealers. steady to weak: better grades. $10812.50. Sheep—Receipts. 1.000; fat lambs, active, fully steady: top. $9.25: bulk good and. choice. $8.2589.25; common and medium. $5.50 07.50. Bu United Press EAST BUFFALO. N. Y„ Sept. s.—Hogs Receipts. 1.800; holdovers, 200: general trade active to all interests: weights above 160 lbs.. 10@15c higher, others mostly 25c higher: bulk 160-230 lbs.. $11.75; 240-260 lbs.. $11.50011.65: 140-150 lbs., $10,900) 11. pigs, largely $lO. Cattle—Receipts. 150: cows unchanged: cutter grades. s3@ 4.50. Calves—Receipts. 600; vealers slow: generally 50c lower: good to choice. $12.50. to mostly sl3: common and medium. SBO 11. Sheep—Receipts. 1.870: lambs active, fully steady: good to choice; moderately sorted. $9.50: medium and mixed lots. $7.75 @8.50; throwouts. sl. Bu T'nited Press CLEVELAND. Sept. 5 Hogs— Receipts. 900: holdovers none; week’s 210 lbs. down, steady to 15c higher, heavier offerings around 40c up: 180-250 lbs.. $11.35011.30: top paid for 210-250-lb. sorts; bulk pigs. $9.50. Cattle—Receipts. 25; lairlv steady; common steers. $788.75: bulk. $7.2587.60: fat cows. [email protected]: cutter grades around $2.7504.50; slow; calves. $3.50; bulk good to choice vealers. $14014.50: medium kinds. $10.50012.50: mostly common and cull calves downward to $687. SheepReceipts. 900: lambs strong: bulk better grades. $909.50: few. $9.60; common and medium throwouts. $5.5087.50 mostly: sheep, firm. Bu Times Pnerial LOUISVILLE. Sept. s.—Hogs—Receipts. 800: market steady to 25c higher; 275 Tbs. up. $10.60; 175-275 lbs., ill 25: 130-175 lbs.. $9.45; 130 lbs. down. $7.65: rough*. $7.15; stags. $6.55. Cattle—Receipts. 200; market Mow. steady: prime heavy steers. $8,508 10: heavy shipping steers. $708.50: medium and plain steers. $5.50® 7: fat heifers. $5.50 010: good to choice cows, $4.50@6: medium to good cows. $3.7504.50: cutters. 13.258 3.75: canners. $303: bulls. s4®6; feeders. $5.5087: Stockers. $486. Calves— Receipts. 300: market 50c hinhe-; choice. $889.50; medium to good. $607.50: common to medium. $485.50. Sheep Receipts. 300: market steady: ewe and wether lambs. *8: choice htgher buck lambs, $7: seconds. $4 0 4.50: clipped sheep. $2.500 3.50. Thursday's shipments: Cattle. 131; calves. 190; hogs. 390; sheep, 252.

Cities Service Securities HEMtY L. DOHERTY 6c CO. R. S. NOF DYKE, Mgr., Local Office 795 Fletcher Savl igs & Trust Bids. Phone LI, 7566-75457

Dow-Jones Summary

! London. New York Cables opened at j 4.86 3-8 against 486 13-33. Paris check*. 133.79. Amsterdam 12.077. Italy 92.615 Berlin 20.40. Continental Bakinr Corporation declared regular quarterly dividend of $2 on preferred payable Oct. 1. record Sept. 15. Bullard Company has omitted Quarterly dividend of 40 cents due at this tune. Pacific Telegraph and Telephone Company declared regular quarterly dividends of $1.75 on common payable Sept. 30. record Sept. 20. and $1.50 on preferred payable Oct. 15. record Sept. 30. Burrough Adding Machine Company In six months ended June 30. earned 80 cents a share on 5.000.000 shares aaginst $1 OS a share on same share basis m like 1923 period. S. S. Kresge Company August sales were $11,409,973. a decrease of $1,591,439 from August. 1929. Eight months $89.750.011. a decrease of $2,582,499. Postal Telegraph and Cable Corporation and associated companies in six montns ended June 30. earned $1.03 a share on 305.295 shares of 7 per cent Preferred against $4.04. a share on 304,950 preferred shares in first half 1829. Declared regular Quarterly dividend of sl-75 on 7 per cent preferred payable Oct. 1. record Sept. 12. Canada Dry Ginger Ale. Inc.. August sales 10 per cent ahead of 1929 month, states P. D. Saylor, president. August automobile production in United States and Canada totaled 240.100 cars and trucks against 272,551 in July and 512.842 in August. 1929, according to estimate by national automobile chamber of commerce. Bank of Italy, National Trust and Bank of America of California to merge, creating $1,350,000,000 institution. Noblitt-Cparks Industries declared regular quarterly dividend of 75 cents In addition to quarterly stock dividend of 1% per cent already declared, both payable Oct. 1. record Sept. 20. Seven montns ended July 31 earned $2.66 a share on 79.326 shares against $3.36 a share on 75.000 shares in like 1929 period. Railway and.Light Securities Company in twelve months ended Aug. 31. 1930. earned $6.52 a share or. 149,919_ common shares. Liquidating value Aug. 31. $70.68 a share against $67.05 on June 30 and $69.46 on Dec. 31. 1929. Indiana Railway Traction Company ordered to show cause in state supreme court why It should not be compelled to provide 289 additional steel cars and lengthen two subway station platforms as ordered by Transit Commission. .Total loans of weekly reporting member banks in NEW York increased $47,000,000 in week ended Sept. 3 to $6,057,000,000. of which increase $44,000,000 was in loans on securities. Total investments increased $6,000,000 to $2,104,000,000. Mackay Companies declared regular quarterly dividends of $1.75 on common and $1 on preferred payable Oct. 1 record Sept. 12. Manufacturers Trust Company places stock on $4 annual basis against $6 previously. National Department Stores places common on $1 annual basis against $2 previously. R. J. Reynolds Tobacco Company declared regular quarterly dividend of 75 cents each on common and common B. Coopcr-Bcssemer Corporation declared regular quarterly dividends of 50 cents on common and 75 cents on preferred. Both payable Oct. 1, record Sept. 10. Brokers loans increased $8,000,000 in week to $3,110,000,000. Federal reserve system ratio at 80.8 per cent against 81.9 week ago and 73.2 per cent year ago. New York ratio 81.5 per cent against 85.2 per cent and 70.7 respectively. No announcement on rediscount rate, which stands at 2% per cent.

Produce Markets

Eggs (Country Run)—Loss off delivered In Indiansnolis. 20c: henery Quality No. 1, 24c: No. 2. 24c. Poultry (Buying Prlcse)—Hens, weighing 5 lbs. or over. 20c; under 5 lbs.. 18c: Leghorn hens. 14c; springers. 4 lbs. cr over. 21c or under 4 lbs.. 19c: Leghorn springers. 15c; old cocks. 9010 c: ducks, full leather, fat whites. 9c: geese. 6c. These prices are for No. 1 ton auallty. Quoted b.v Klngan Sc Cos. Butter (wholesale)—No, 1. 43@44c: No. 2. 41@42c. Butterfat—42. Cheese (wholesale selling price per pound)—American loaf. 31c: pimento loaf. 32c: Wisconsin firsts. 27c: Longhorns. 34c: New York Limberger. 36c. Bu United Press NEW YORK. Sept. s.—Flour—Dull and easy; spring patents. [email protected]. Pork— Quiet: mess, $31.50 per barrel. Lard— Firmer; middle west spot. [email protected]. Tallow—Easy: special to extra. 5 to sVic per lb. Potatoes—Firm: Long Island, [email protected]. Sweet potatoes—Dull; Southern baskets, [email protected]: Southern barrels, [email protected] Dressed poultry—Firm: turkeys, 22®50c; chickens. 20@40c: fowls. 14@30c: ducks, 12015 c: ducks. Long Island, 1619 c. Live poultry—Firm; geese. 11016 c: ducks, 15® 24c: fowls. 22® 27c: turkeys, 20 035 c: roosters. 15c: chickens. 20@32c. CheeseQuiet: state whole milk, fancy to special. 24@26c; young America. 20@ 25c. Bu United Pres* CHICAGO. Sept. s.—Eggs—Market, firm; receipts. 9.086 cases: extra firsts. 28%c: firsts. 27%c: current receipts. 25@26c: ordinaries. 16®:23c; seconds. 12@18c. Butter—Market, easy: receipts. 3.385 tubs; extras. 38c: extra firsts. 37@37%c: firsts. 35 @36',ic: seconds. 33@34c: standards, 38c. Poultry—Market, firm: receipts. 2 cars: fowls, general run. 22%c: springers. 24c: Leghorns. 15c: ducks. 15019 c: geese, 15c: turkeys. 18c: roosters. 14c; broilers. 22’. Cheese—Twins, 18'4®18%c: young Americas. 19c. Potatoes—On track. 208: arrivals, 73: shipments. 777! market, stronger; Wisconsin Cobblers. $2.150 2.25: Colorado Triumphs. $2.25; Idaho Triumphs. $2.25; Minnesota Early Ohlos. asking $2. Bn United Press CLEVELAND, Sept. s.—Butter—Extras, 42%c: extra firsts. 42%c. Eggs—Extras, 32c: firsts. 26c. Poultry—Fowls. 23c; medium. 21c: Leghorn. 14017 c; heavy broilers. 21025 c; Leghorn broilers. 20 0 22c: ducks. 10020 c: old cocks. 14@ 16c: geese. 20c. Potatoes—Ohlos. $1.25® 1.30 per sack; Idaho russets. $3.35 per 100-lb. sack. Bu United Press CINCINNATI. Sept. s.—Butter steady; creamery in tub lots, according to score. 36@39c; common score discounted. 2@3c; packing stock No. 1. 30c: No. 2. 25c: No. 3. 15c; butter fat. 38@40c. Eggs—Steady; cases included; extra firsts. 30c; firsts. 26c; seconds. 25c: nearby ungraded, 28c. Live poultry—Thin and coarse stock sells only at heavy discount. Fowls 5 lbs. and over. 23c: 4 lbs. and over. 21c: 3 lbs. and over, 16c; Leghorns. 3 lbs. and over, 14c; roosters. 13c; colored frvers over 3 lbs., 23c: broilers, colored over 2 lbs., 23c; broilers over I'% lbs.. 22c; I'4 lbs. and over. 20c: Leghorns and Orpington broilers over 1% lbs.. 22c: I'4 lbs. and over. 19c: broilers partly feithered. 15018 c; black springers. 16c.

James T.Hamill & Company Private Wire* to All Leadlat Market* ladlanapolfs MEMBERS Chicago Stock Bxdutago Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bldg. Tel., alley 54*8—KIley MM

ATTENTION, FARMERS! Save Your Corn Crop

We can take orders and erect soon a limited number of farm silos for this year's filling. ‘ THE NEFF & FRY SILO CO. Phone 193 and 188 Camden, Ohio

STRONG CABLE REPORTS SEND WHEATUPWARD Liverpool Starts Higher on Good Buying Demand; Oats Firm. Bu United Press CHICAGO, Sept. s.—Unexpectedly strong foreign cables gave wheat an uneven and sharp advance on the Board of Trade today. Liverpool started strong on an improved buying demand that gave evidence of an oversold condition and prices there rose sharply. Shorts came into the local market at the outset on the Liverpool news. Corn followed wheat upward, but more conservatively. Oats was firm. At the opening wheat was unchanged to 1% cents higher; com was % to Ivs cents higher, and oats were %to % cent higher. Provisions were firm. Sentiment Bearish Liverpool started slightly better than expected and climbed rapidly during the day to stand cent higher at mid-afternoon. Sentiment locally is so bearish that traders are proceeding with extreme caution, fearing that the market is much oversold and that a bullish development would cause a quick upturn. Liverpool Thursday was 2 cents under the dollar mark, while September here was 8116 cents, or within 5 cents of the low of 1914, and very near to the all-time low of 1907 when it sold for 78% cents per bushel. The financing and marketing of the Canadian crop remains the chief unsettling influence. Shipping Sales Up The open interest in September corn runs around 7,500,000 bushels. The cash premiums advanced to about 2 to 2 M cents over September for number 2 yellow Thursday. Shorts are becoming anxious as to how they will fill their contracts with the very email stocks on hand. Sentiment in the deferred deliveries

New York Bank Stocks

—Rept. 4 Bid. Ask. America 95 96% Bank of United States... 40 40 5 ,4 Bankers 144 144% Central Hanover 340 344 Chase Naitonal 144 14d Chatham Phoenix Natl .. 106 107 % Chemical 65 % City National 148 149 Corn Exchange ....' 160 162 Commercial 420 430 Continental 29 29% Empire 81 83 First National 4,950 5.025 Guaranty 6 ?§,, 6 15,Manhattan & Company .. 114% 115% Manufacturers New York Trust 250 254 Public 103 105 Chelsea 90 34

$150,000 CAPITOL DAIRIES, Inc. INDIANAPOLIS Two-Year 6% Motes Dated August 15, 1930 Due August 15, 1932 Principal and semi-annual interest (February 14, and August 15) payable at the Fletcher American National Bank, IndianapolisRedeemable in uhole or in part upon any interest date at 101 and interest to and including August 15, 1931; thereafter, to and including February 15, 1932 at 100}/£ and interest. Denominations — $1,000-SSOO THE FLETCHER AMERICAN NATIONAL BANK OF INDIANAPOLIS, TRUSTEE - CAPITALIZATION Authorized Outstanding Two Year 6% Notes, due 1932 (this * issue $150,000 $150,000 6% Notes, due 1933 (subordinated as to principal and interest to Notes of this issue) 94,000 94,000 Participating Preference Slock, T Class A ($25 par) 24,000 shares 12,000 shares Common Stock, Class B (no par).... 36,000 shares 13,000 shares This Company, organized in February, 1927, as a consolidation of four companies, is engaged in the distribution of milk, cream and dairy products in Indianapolis. A completely modern, new plant has been built and equipped, and the Company has experienced a satis* factory upward trend in operating profits in the last two years. For the year ended June 30, 1930, net earnings, after depreciation on all operating assets, but before depreciation and write-offs of nonoperating assets since sold, available for the $9,000 of interest charges on these Notes, amounted to $36,855.07, or over four times the service on the Notes. The balance sheet as of June 30, 1930, showed net assets of $3,749 applicable for each SI,OOO Note. The proceeds from the sale of these Notes are being used entirely for the refunding of the Company's Three and One-half Year Notes which matured on August 15, 1930. PRICE: 100 AND ACCRUED INTEREST TO YIELD 6% Complete Details Upon Request ' Fletcher American Company INDIANAPOLIS

Local Wagon Wheat

Citv grain elevators are paying 7Sc for No. 1 red wheat and 73c for No. 1 hard wheat is more mixed, but the situation is generally strong. Despite the weakness in wheat Thursday, oats were fairly strong due to the strength in the cash situation. Shipping sales were very high again Thursday with 119.000 bushels being taken. Chicago Grain Table —Set. 5 WHEAT— Prev, .High. Low. 11 DO close. December .. 88% .88% .88% .87% March 93 .92% .92% .91% May .95% .95 . 95 .94% CORN— December ... .93% .93% 93% .92% March 95% .95 95% .94% May 97% .97 .97 .96% OATS— December ... ,43 s * .43% .43% .43% March .45% .45 s * .45 s * 45% May 46% .46 s , .46% .46% December ... .61% .61 .61 60% March -*5% .64 May ... -68 .67 U October ... .... .... 1150 11.42 December .. ll.ii 1115 11.17 11.07 Bu Times SDCrial , . CHICAGO. Sept. s.—Carlots: Wheat. 19: corn. 91: oats. 91. Births Boys Howard and Mary Dix. 1351 Shelby. James and Fay Kegrlce. 4219 Manlove. Solon and Alma Gebby. 1501 North Colorado. John and Blanche Sims. Methodist hospital. Girls Clarence and Leida Mayes, 227 West Thirtieth. * „ .. Arthur and Agnes Clegg. 251 South Raymond and Gladys Mitchell, 1151 Concord. Theodore and Mlrmiam Fredricks, Methodist hospital. Floyd and Wilma McCallle, Methodist hospital. Ralph and Margaret Dugan, Methodist hospital. _ __ Dudley and Magdaline Stormers. 2326 North Capitol. Deaths Robert Eugene Carter, 2, Methodist hospital. accidental. Ada Johnson, 51, 2101 Boulevard place, carcinoma. James Campbell Kemp, 60. 3123 Graceland. diabetes mellltus. Grover Lltes, 45. Central Indiana hospital. broncho pneumonia. Getty Sturgeon, 29, 508 Birch, pulmonary tuberculosis. Sweet Lillie White, 49, 961 Belmont, acute cardiac dilatation. Randall Curtiss. 26, city hospital, cerebral hemorrhage. Tarquinia L. Voss, 78. 1301 Broadway, chronic myocarditis. Gentry L. Baker, 28. 3433 East Tenth, sarcoma. Willis C. Thompson. 67. 1129 West Twenty-eighth, cardio vascular renal disease. Sarah Duckett, 79, 640 South New Jersey, apoplexy. Other Livestock Bit United Press CINCINNATI, Sept. s.—Hogs—Receipts. 3,775. including 975 direct: holdovers. 200; fairly active, mostly 25c higher on weights upward from 180 lbs.: spots up more on medium weights: pigs and light lights steady: sows 25c higher: better grades. 180-250-lb. butchers. $i1.35®11.50; mostly $11.50 on 230 lbs. down: good 280-300-lb. butchers quotable. $10.75: all 130150 lbs., mostly $10: some 170 lbs.. slo® 10.75; bulk sows. $8.50 0 8.75. Cattle Receipts. 725: calves. 300; slow; desirable steers and heifers from $8 0 9.50: others in little demand: on a peddling basis vealers 50c higher; good and choice. $10.500 12: lower grades. $6.50@10; other classes barely steady; spots 25c lower on low cutters and cutter cows: most beef cows. $4.750 5.75: bulk low cutters and cutter cows, $2.750 4: bulls. $6.50 down. Sheep—Receipts. 600; fairly active: lambs strong to 50c higher; sheep steady: bulk good and choice lambs, [email protected]: strictly choice quotable somewhat higher: medium grade. $7@<7.50: common throwouts. [email protected]; fat ewes. $2.50 04.

CHANGES MAte IN FACULTY 01 COLLEGE HERE n Indiana Central Prepares for Start of School Next Monday. Several faculty changes have been made in preparation for the opening of school at Indiana Central college here Monday, according to Dr. I. J. Good, president. An orientation course for freshmen will begin Tuesday morning with convocation and regular opening of classes. Special programs are being arranged by the Y. M. C. A. and Y. W. C. A. to start the college social season. Additions to the faculty include Miss Maribel Wineinger, De Pauw university graduate and graduate student of Columbia university. She will head the art department. William Fox, Indiana university graduate, will succeed Nathan Davis as instructor in violin and instruments and director of the band and orchestra. Other additions include Mrs. Selma E. Searcy, formerly of Manual high school, Indianapolis, teacher of music; Mr. and Mrs. Loren S. Noblitt, Columbus, Bible and English, respectively, and Miss Lucille Turner, Lebanon, University of North Carolina, instructor in English. Mrs. Margaret Hallum Anderson, Indiana university graduate and formerly connected with the Indianapolis city library, will start her duties as first full-time librarian of the college. After a one-year leave of absence, during which he served as a district supervisor in taking the United States census. Professor John Albright will return from Washington to assume head of the economics and business department. STUDY TRAFFIC SURVEY, Committee Tabulates Shoppers’ Replies to Scouts Questions. Members of the citizens’ traffic committee today studied results of the traffic survey Aug. 29 in which 31,795 Indianapolis shopers were questioned. Facts obtained in the count wiy be announced after the committee’s check. Marriage Licenses Julian M. Tvler, 22. of 1023 East Twenty* fifth, musician, and Sarah L. FfUhuKh. 18. of 2518 Martindale. Harry F. Kremer. 23. of 758 Lexington, salesman, and Opal Heath. 30. of 68 South Jenny. Ernest Froman. 26. of 3000 West Washington. electrician, and Doshia Barton. 23. of 3000 West Washington. maid. Earl J. Murray. 30, of Hotel Linden, cook, and Lucille W. Ragan. 28, of 20 North Oriental, clerk. Emory L. Duncan. 71, -of- 3631 West Michigan,. merchant, and Matilda Gainer, 66, of-2829-West-Michißan. O. B. Colev. 32. of 538 East Ohio, salesman. and Mary M. Cheshire. 19. of 5943 Rawlev.