Indianapolis Times, Volume 42, Number 107, Indianapolis, Marion County, 12 September 1930 — Page 25

SEPT. 12,1930.

STOCK SHARES MOVE DOWN ON i BEARISH DRIVE Sharp Decline Sends Trade Volume to Lower Grounds.

Average Stock Prices

Average of thlrtv industrials for Thursday was 342 B*. off 2.21. Average of twenty rails was 132.68. off .07. Average of twenty utilities was 88 24. off .53. Average of forty bonds was 97.14. off .07. Bu United Press NEW YORK, Sept. 12.—A bear drive forced prices down in nearly ell sections of the stock market today. Toward noon the pressure was subsiding and prices made a swift comeback, holding above the lows with gains and losses about evenly distributed as the list entered the third hour. Leading stocks were depressed with Steel touching 171. At that price it was up V*. point. Around noon, however, it was back to 172, up IV4. Trading was down in volume on the decline, but sales to noon totaled 833,700 shares against 319,600 shares in the corresponding period Thursday. Newton Steel was a feature of the low priced shares, rising % to 39% on top of a 6-point rise Thursday. Vanadium also was in demand at 89, up 1%. United Stores A and Schulte Retail Stores advanced on news they were to advance cigaret prices Monday. Continental shares rose 1% to 20%; Standard Brands, :% to 21%, and Dunhiil International, 1% to 25%.' fractional losses were noted in Warner Brothers Pictures, General Motors, Bethlehem Steel and Radio. Utilities pcrk’ed up in the afternoon with American and Foreign Power the feature at 74%, up %. National Power and Light Rose % to 50% on a block of 7,400 shares shortly after noon. International Telephone was up 1% at 44 on the report for the first six months showing the dividend earned by a small margin. Oil shares were steady to firm. Rails continued dull.

Bank Clearings

—Sept. 13— INDIANAPOLIS STATEMENT Clearings $ 3.493.000 00 Debits “ 6,393,000.00 CHICAGO STATEMENT Clearings $ 84.200.000 no Balances 6,500,000.00 NEW YORK STATEMENT Clearings $913,000,000.00 Balance 133,000.000.00 Fdl. Res. bnk. cr. bal 127,000,000.00 TREASURY STATEMENT Net balance for Sept. 10 $ 36,503.845.66 Expenditures 14,257.409.77 Customs rect. month to date 10,902,660.49

New York Bank Stocks

—Sent. 11— Bid. Ask. America .. 102 104 Bank of United States... 42 43 Bankers 165% 166% Brooklyn Trust 730 738 Central Hanover 365 - 367 Chase National 152 153 Chatham Phoenix Natl .. 112 114 Chemical 68% 69% City National 170 171 Corn Exchange 169 170 Commercial 435 445 Continental ...... 29Vi 30 Empire 81 83 First National 5.150 5,225 Guaranty 661 664 Irvin* 53% 54 Manhattan &Companv.... 119 120 Manufacturers 92 93 New York Trust 258 261 Public 109 HO Chelsea 34 38

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New York Stocks ——— (By Thomson 8k McKinnon I

—spt. 12— W t|| f-nM-A X—— Pf€V. High. I-w. 11M. Clou Atchison •••,, —., 221 A BAlt Ac Ohio ...100% 100% 100% ... Cneaa & Ohio.. 50% 50% 80% 50% Cheia Coro ... , % Chi Ort Welt.. 10% ... 10% 10% Chi N West.... 68% 67% 67% 68 CR X * Erie Illinois Central ij” Mo Pacific pfd ; 2 *% N Y Central... 164 1 63% 163% 163% Pennsylvania .. 74% 74% 74% 74% 80 Pacific •• U2* 'iS* Southern Rv.... 87% 87 87 87 St Paul St Paul ofd 22 % ,H,7 Union Pacific 2 2?’* W Maryland 23 Equipments— Am Car 8c 32 u Am Locomotive .. zip Gen Am Tank.. 89% 89 89 90 . Oeneral Elec... 73% 72% 72% 73-4 Oen Ry Signal.. .. ... 82 ,7 Press Btl Car... 7% 7 % 7 % A,? Pullman 88 68 A Westingh Ar B .. ..... Westlngh Elcc - .156% 154% 154% 155, Rubbers— Firestone , 2 ?,/ Fisk 2 ,12 Goodyear • •*., 5 L* Kelly Snrgfld.... 3% 3% 3% U 3 Rubber... 19% 19% 19% 19% Auburn 128% 128% 127% Chrvsler 28% 28% 28, 1 29 General Motors 45% 44% 44% 45% Hudson 30% 30 30 30 v:*v*v:.-6i% -6i ji 6 % RUart ;;;• 34/2 ::: Reo ......... 13Vs 13 13 13% Studebaker 30% 30% 30% so / Yellow Truck .. 23 22% 22% 23

Motor Access— • , Bendlx Aviation 33% 33 V* 33% 33% Borg Warner ... ••• 30 Briggs 20% 19% 19% 20 Eaton 24% Houda 9 8% 9 9 Sparks W 20% 20% 20% 20% Stewart Warner ... . 27% 27% Timkin Roll ... 70% 70% 70% 70% Mining— Am Metals ... 30% Am Smelt 69% 69% 69% 69 Anaconda Cop.. 4 8% 48 48% 47 * Cal 8c Hecla.... 13% 13 13% 13% Cal 8c Aria 51 Cerro de Pasco 48 4( Dome Mines . • 9% 9% Freeport Texas.. 46% 45% 46 45% Granby Corp 23 Great Nor Ore ■■ 21% Howe Sound 31% 30% 31% 30% Int Nickel 26% 26% 26% 26% Inspiration , ... , 14 * Kennecott Cop.. 36% 36% 36% 36,s Nev Cons 1&% 15% 15% 16 Texas Gul Sul.. 59% 59 59 59% U 8 Smelt ••• 21 Amerada 23% ... 23% 23% Am Republic 17% S '’ - ’ „ lira %•* j | Indian Refining 11% 11% 11% 1J 7 * Mex Seaboard.. 25V* 24% 24% 24 4 Mid Conti ?3% Pan-Amer (B|.. .. , ... , • ••,, “J Phillips 32% 32 % 32% 32% Pr Oil 8c Oas 35 33’j> Pure Oil ...... .. ••• 19% 19% Richfield . 18% 16% 18% 16% Royal Dutch 48% 48% Shell Un . t 14% 14% llnciau % '21% % 22% Skcllv ... 27 Standard of Cal 60% 60'/* 60% 60% Standard of N J 70% 70 70 78V* Standard of N Y 31% 31% 31% 31 Texas Cos 51 Vi 51% 51% 51% Union OH 40 Vs 40% Steels— Am Roll Mills.. .. .... ... 52% Bethlehem 88% 87% Bi% 88% Bvcrs A M 78% 76% 76% 78 Colo Fuel 50% Cruc Steel ~ 76% Ludlum 22% 22% 22% 22 Midland 32% 32V* 32% 32'/* Repub IBc S .. 36 Vi 35% 38% 36 U S Steel 172 171 172 170% Vanadium 89% 87% 88% 87% Youngst S&W. 40 39% 40 39% Tobaccos— Am Tob (Newl 126% Am Tob B i new 1 .128% 128% 138% 128% Lig 8c Myers 8..102 101% 102 102% Lorillard 32% ... 22% 22% Reynolds Tob 53% Tob Pr A 12 Vi Tom Pr B .. 4% 4% United Cig 8 7Vs 8 7% Utilities— Abltibi ... 22% Adams Exp 28% 38% 28% 28% Am For Pwr.... 74 72% 72% 73 Am Pwr & Li... 86 85% 85% 85% A T 8c T 218% 216% 216% 218., Col Gas 8c El.. 65% 64% 65 65% Com 8c Sou 14% 14V* 14% i}% El Pwr 8r L 1... 76% 75% 75% 75% Gen Oas A 10 9% 9% 10 Inti T 8c T 43% 42% 43 42% Natl Pwr 8c LI.. 49% 49% 49Vi 49% No Amer Cos ...108% 108 1 22 Pac Oas 8c El.. 60% 59% 59% 60 Pub Ser N J 96Vs 95% 95% 96% So Cal Edison.. 50% 59% 59% 59% Std G 8c El .. ... 106% 108 United Coro 34% 34% 34*S 34% Ut Pwr & L A.. 36% 36 .38 38% West Ur.lejn ...173 V* 172% 172% 17i% Am Inti Corp... 38% 37% 38% 40% Inti Mer M pfd 22% 22 22 22 United Fruit... 86% 88Vi 86% 87 "^oods - * Ar.' Su* 51# 51 !4 51# 50# Armour A ova a Can Drv . ... 23 Childs Co.* 55*4 54# 54*4 55 !/ n Coca C01a...... 135# Foods Cont Baking A.. 29% 29% 29% 29% Corn Prod . 93% 92% 93Vi 93% Cudahy Pkg , ... 42% Oen Foods 58% 58% 58% 58% Grand Union 16% Hersey 98% Nat biscuit .... 86% 86 86 851*

Kroger 28% 27% 27% 27% Plllsbury 33% Safeway Bt ... 75% SUI Brands 21% 21 21% 20% Ward Bkg ...... 9% ... 9% 9% Co?y fne 18% ... 18% 17% Lambert Cos 98 Lehn it Fink 27% Industrials — Am Radiator ... 28% 27 27% 28 Oen Asphalt 42% Lehigh Port 29% Otis Kiev 89% 69 60% 89Vs Indus Chems— Allied Chem 280 275 280 27* Com Solv 27 26% 26% 28Vs Union Carb .... 80% 78% 79% 80% U 8 Ind Alco ... 72% 72 73 73 Retail Stores— __ Assoc Dry Ods 37 37% Olmbel Bros 12% Kresge S S 30% May D Store 45% 48 Mont Ward .... 38Vs 36% 38% 38% Penny J C ~ 53% Schulte Ret St.. 9 8% 8% 8% Sears Roe 74 73% 73% 74* Woolworth .... 68 BTVt 67Vs 67% Amusements— Bruns Baike.... 16Vg 18 16% 16% Col Oraph .... 18% 18% 18% 18% Croslev Radio 16% Eastman Kod ..219 218% 218% 216 Fox Film A.... 51 50% 60% 50% Orlgsbv Oru .... 13% 13Vs 13*/s 13'/s Loews Inc .... 80% 79% 80 81 Param Fam .... 61% 61 % 61% 61% Radio Corp .... 42% 41 % 41% 42% R-K-O 36 35** 36 36% Schubert 18% 17% 18% 17% Warner Bros .. 29% 28% 38% 39% Miscellaneous — Airway App .... 17 16% 17 17% City Ice & Fu.. .. ... ... 38V 2 Congoleum V.. 12 12 Am Can 133’/* 133 133% 133% Cont Can 59% 58% 59 56% Curtiss Wr ... 6% 6 3 ,4 Oillette S R.... 68% 67% 68% 66’/a Real Silk 49% 49 49 50 Ulen 23%

Indianapolis Stocks

—Sent. 12— Bid. Ask. Am6r Central Life Ins 80. .1.000 Belt R R & Yds Cos com 49 54 Belt R R & S Yds Cos pfd 53 . . . , Bobbbs-Merrill Cos 29% 33% Central Ind Power C of pfd. 90 93 Circle Theater Cos com 106 Citizens Gas 27 Citizens Gas pfd 97 102 Commonwealth L Cos pfd 7%.. 97 102 Commonwealth L Cos pf 8%. 99% .. Hook Drug Cos com (new) 22% 25% Ind Hotel Cos Claypool com.. 125 Indiana Hotel Cos pref 100 Indiana Service Corp pref.. 84% ... Indianapolis Gas Cos com 67 62 Indpls North Western •Indpls Power & Lt pfd 104 106 Indpls Pub Wey Loan As com. 53 Indpls St Ry Cos pfd 10 11 Indpls Water Cos pfd 101 104 Northern Ind Pub 6% co pfd. 100 102 Northern Ind Pub 7% co pfd. 102 104 Interstate Pub Serv 7% ......102 104 Interstate Pub Serv 6%...... 90 93 Metro Loan Cos 99 Northern Ind P 5%s co pfd... 92% 94 Progress laundry Cos c0m.... 44 47 E. Rauh & Sons Fer Cos pfd.. 47 Real Silk Hosiery M Inc pfd.. 95 Shareholders Investors C 0.... 23 Standard Oil of Ind 49% ... T H I & E ofd Terre Haute Trac L Cos pfd... 78 Union Title Cos common 45 Van Camp Prod Cos Ist pfd 96 Van Camp Prod Cos 2nd pfd.. .. 98 •Ex dividend. BONDS Belt R R & Stock Cos 5s ...... 91 Broad Ripple 41 Central Indiana Gas Cos 55... 99% ... Central Ind Power Cos 6s 98% ... Citizens Gas Cos 5s 102 103 Vi Citizens Street Railroad 55.... 42 Home Is T of Ft. Wayne 6s. 102 ... Ind Ry & Light Cos 55... .... 95 ... Indiana Service Corpn 5s ... 89 Indpls Power & Light Cos 55..100% 101 Indpls Col & Trac Cos 6s 97 Indpls Gas Cos 5s 100 102 Indpls fi Mart Rapid T Cos 5s 12 17 Indpls Northwestern Cos 9 Indpls Street Ry 4s 29 30 Indpls Trac Ter Cos ss_ 79 Indpls Union Ry 65.. . W. 102 Indpls Water Cos 5%s 103% 103 Indpls Water Cos 5s 99V* ... Indpls Water Cos lie & ref ... 99% ... Indpls Water 4%s ...... 95 96 Indpls Water W Sec Cos 5s 87% ... Interstate Pub Serv Cos 4%b .. 91% ... Interstate Pub Ser Cos 5s 98 ... Interstate Pub Serv 6%s 103 No Ind Pub Serv Cos 5s 103% No Ind Telephone Cos 6s 98% 100 T H Ind & East Trac Cos 55.. 70 72Vi T H Trac Light Cos 5s 85

Net Changes

Bv United Press NEW YORK, Sept. 11. Closing prices and net changes on principal stocks traded today on the New York Stock Exchange were as follows: Up. Off. American Can 133% .. % Amer and Foreign Pow 73% % American Telephone 218 1 Bethlehem Steel 88% % Conoslldated Gas 111 1% Electric Power 75% .1% ... General Electric 73 Vs 1% General Motors 45% ’/a International Nickel 26% Vs Loews Inc 81 1% ... National Power 49% % ... Paramount 61% % Radio 42% Vs Radio-Keith 36% % Sinclair 22 Ye % ••• Standard Oil New Jersey 70%.... % ... Union Carbide 80Vs 1% United Corporation 34% Vs United States Steel 170% 1% Vanadium 87% 1% ... Warner Brothers Pictures 29% % Westlnghouse Electric 155 Vs 2%

THE INDIANAPOLIS TIMES

SWINE MARKET SHOWS UPTURN AT STOCKYARDS Sheep and Lambs Sell Higher; Cattle Prices Are Unchanged. Sept. Bulk. Top. Receipts. 5. sll.oo® 11.35 $11.35 4.500 6. 11.00® 11.35 11.40 2,000 8. 11.15® 11.50 11.50 5.000 9. 10.90® 11.50 11.25 7.500 10. 10.65® 11.00 11.10 5.000 11. 10.65®11.00 11.10 3,500 12. 10.85511.15 11.15 5.000 Porker prices today were mostly 15 to 20 cents higher than Thursday’s best time, at the city stockyards. Some underweights held higher. The bulk, 160 to 300 pounds, sold at $10.85 to $11.15. Receipts were estimated at 5,000. Holdovers 161. Cattle market little change, supply light. Receipts were 3,500. Vealers were selling mostly 50 cents higher at sl3 down. Receipts were reported at 600. Sheep and lambs largely 25 to 50 cents higher, with a good and choice grade of lambs selling at $9 to $lO. Receipts 1,300. Chicago hog reciepts, 13,000, including 5,000 directs. Holdovers, 6,000. Market active to shippers, mostly 10 to 20 cents higher than Thursday’s average. Good to choice weights, weighing around 180 to 200 pounds, were selling at $10.85 to sll, and 200 to 250 pounds, sold at $11.05 to $11.15. Choice of 270-pound weights, were selling at $10.90. Cattle receipts, 1,500. Calves, 1,000; market strong. Sheep, 14,000; to 25 cents lower.

HOGS Receipts, 5,000; market, higher. —Light Lights—-(l4o-1601 Good and choice.. .$10.25® 10.50 —Light Weights—-(l6o-1801 God and choice 10.85 (160-280) Good and choice.... 11.00 • —Medium Weights—-(2oo-220) Good and choice.. 11.15 (220-500) Good and choice.. 11.15 —Heavy Weights—-(2so-350) Good and choice.... 11.15 (290-350) Good and choice.. 10.50(311.50 —Packing Sows—-(27s-500) Medium and good.. B.oo® 9.25 (100-130) Good and choice... 9.253 9.75 CATTLE (Slaughter Class) Receipts, 3,500; market, steady. —Steers—-(6oo-1.106) Good and choice $10.50®12.75 Common and medium 6.00310.50 (1.100-1.500) Good and choice 10.00®t2.50 Medium 7.00®10.00 —Heifers—-(sso-850) Good and choice 9.25®11.50 Common and medium 5.50®) 9.25 Good and choice 5.500 7.00 Common and medium 4.50® 5.50 Low cutters and cutters 2.75® 4.50 „ . —Bulls (yearlings excluded) Good and choice beef 5.50@ 7.00 Cutter, common and medium.. 3.75® 5.50 CALVES AND VEALERS Receipts, 600; market, higher. Good and choice $12.50® 13.00 Medium 9.50® 12.50 Cull and common 6.bo@ 9.50 —Calves—- _ J J (250-300) Good and choice 8.00®10.50 Common and medium 5.00® 8.00 STOCKER AND FEEDER STEERS * (500-600) Good and choice 6.00® 7.50 Common and medium 4.00® 6.00 (300-1,050) Good and choice 6.00® 7.50 Common and medium 4.00® 6.00

SHEEP AND LAMBS Receipts, 1,300; market, higher. Good and choice •.$ 9.00010.00 Common and medium ... 6.00@ 9.00 —Ewes— Medium and choice 2.50® 4.00 Cull and comipon l.oOffi 2.50 Other Livestock Bi/ United Press CHICAGO. Sept. 12.—Hogs—Receipts. 13,000. including 5,000 direct; market active to shippers: mostly 10@20c higher; weights below 160 lbs. up less; packing sow’s slow, steady to 10c higher: bulk 180-250-lb weights, $10.754511.10; top. $11.25; light lights. 140-160 lbs., good and choice. $9.75(5:10.60; light weights. 160-200 lbs., good and choice. [email protected]: medium weights. 200-250 lbs., good and choice. $10.854111.15: heavy weights. 250-350 lbs., good and choice. $10.254211: packing sows, 275-500 lbs., medium and good. [email protected]: slaughter pigs. 100-130 lbs., good and choice. $8.50*5:9.75. Cattle—Receipts. 1.500: calves. 1,000: market mostly steady, especially on bulk of better grade yearlings, steers and most she-stock; grassy weighty steers and weighty heifers dull; killers fighting the relatively high prices on the in-between grade yearlings, but showing kinds very scarce: top, $12.25 on yearlings: $11.90 on heavy steers: steers. 600-900 lbs., good and choice. $11.25® 13.25: 900-1 .mo lbs., good and choice. $10.50@13; 1,1001.300 lbs., good and choice. s9.7ofrm.u: 1.300-1,500 lbs., good and choice. $9.50® 12.50; 600-1,300 lbs., common and medium. [email protected]; heifers. 550-850 lbs., good and choice. $104213; common and medium. [email protected]; cows, good and choice, $54i8.25: common and medium. [email protected]; low cutter and cutter cows. $3®4.25; bulls, yearlings excluded, good and choice, beef. s6® 7; cutter to medium. [email protected]; vealers. milk fed. good and choice, $11@13; medium. s9®ll: cull and common. $7.50@9; Stocker and feeder cattle: Steers. 500-1.050 lbs., good and choice, [email protected]; common and medium, ss® 7. Sheep—Receipts. 14.000; generally 154225 c higher; better grade lambs up most; strictly choice Colorados, $9.65: bucks ranße, $9.10®9.40; feeders mostly [email protected]: bulk at [email protected]; best feeding lambs held at $7.75; slaughter sheep and lambs: Lambs. 90 lbs. down, good and choice. [email protected]; medium, $7.50 @8.75; all weights, common. [email protected]; ewes. 90-150 lbs., medium to choice. $2.75 @4.50; all weights, cull and common. $2 @3.25: feeding lambs, 50-75 lbs., good and choice, 16.75ffi7.75.

Bv United Press CINCINNATI, Sept. 12.—Hogs—Receipts. 3.478: including 978 direct; he%ldover. 330; steady, moderately active: better grade. 180-250 lbs., $11.15 to mostly $11.25: 280310 lbs.. Quotable. $10.75® 11; 130-150 lbs.. $9.75@10: medium. 150-180 lbs.. $104810.75: sows. [email protected]: bulk, $8.25. Cattle—Receipts. 275: heldover, 740: calves. 225: better grade light steers and heifers strong to 25c higher; lower grades slow, steady; other classes mostly steady with low cutters and cutter strong: beter grade steers and heifers. $8.50(210.50: lower grades. $5 @7: most beef cows. $4.50455.50: bulk low cutters and cutters. [email protected]; bulls. $4.50 @5.50; top. $6: vealers. active: late trade on better grades. 50c to $1 higher at Sl2 @l3: lower grades, strong to 50c higher, mostly $745 11. Sheep—Receipts. 800 iambs, slow: steady to weak: quality in general not desirable: better grade lambs. $8.50(2 9.50. mostly $9: meduim grades, [email protected]; common throwouts. $5.50 456.50; fat ewes. $2.50@4; culls, downward to sl. Bv Times Special LOUISVILLE. Sent. 12.—Hogs—Receipts, 800: market, steady; 275 lbs. up. $10.35; 175-275 lbs.. $11; 130-175 lbs., $9 20; 130 lbs.. $9.20: 1390 lbs. down. $7.40: roughs, $6.90: stags. $6.30. Cattle—Receipts. 200; market, slow steady; prime heavy steers $8.50@10: heavy shipping sters. $7458.50; medium and plain steers. $5.50@7; fat heifers. $5.50(210: good to choice cows, $4 @6: medium to good cows. $3.50@4; cutters. $3453.50: canners. [email protected]; bulls. $3.50 @5: feeders. $5.50*87: Stockers. 54@6. Calves—Receipts. 400: market, steady; choice. $8.5010: medium to good, $6458; common to medium. [email protected]. Sheep—Receipts. 300: market, steady; ewes and wether lambs, $8: buck lambs. $7; seconds. $4®4.50: clipped sheep. [email protected]. Thursday's shipments: Cattle, none; calves. 129: hogs. 176; sheep. 208. Bv United Press , _ ._ FT. WAYNE. Ind.. Sept. 12—Hogs— Market. 25c higher: 110 lbs. down. $8.35; 110-120 lbs.. $8.60: 120-130 lbs.. $9.10: 130140 lbs.. $9.35: 140-150 lbs.. $9.85; 150-160 lbs.. $10.35; 180-180 lbs.. $10.70: 180-200 lbs.. $10.85: 200-225 lbs.. $11; 225-250 lbs.. $10.85: 250-275 $10.60: 300 lbs. up. $10.35: roughs. $8; stags. $6; calves. sl3; lambs. $8.50. Bv United Press TOLEDO, Sept. 12 —Hogs—Receipts, 200; market steady to 25c lower; heavies, slo@> 10.50: medium. $10.75® 11; Yorkers. $945 9.50: pigs. $9(@9.50. Cattle—Receipts. 200; market steady to strong. Calves—Receipts, light; market, strong. Sheep—Receipts, light- market steady.

B’> I'niter! Press EAST ST. LOOTS, HI., Sept. 12.—Hogs— Receipts, 6.500; market, unevenly steady to 10c higher; advance on light weights; Top, *11; most 180-210 lbs., *10.90; 160-170 lbs., *10.79610.90: pigs, active at strong prices; packing sows, steady at *8.2569. Cattle —Receipts. 700; calves, receipts, 500: market, vealers steady; top and bulk, good to choice klhds, *12.75; other classes on a clean up basis: not enough sale 6 worth mentioning. Sheep—Receipts, 800; market. active; mostly 25c higher than Thursdav on fat lambs: culls and sheen, steady: throwouts and pigs. *8.75; bulk. *8.506 8.75: throwouts, mostly *4.50; fat ewes, *3®4. ' Bu Vniterj Press PITTSBURGH, Sept. 12. Hogs Receipts. 2,000; holdovers. 750: market, steady to lflc lower; 160-260 lbs.. *11.25ft 11.40: 260-310 las.. *ll6ll 25 100-130 lbs.. *9.50610; packlng'sows. *B.sufi3. CattleReceipts, 40; market, slow to about steady: calves, receipts. 150; market, steady to 50c higher; good and choice vealers, mostly *10.50613.50; common and medium. *5610. Sheep—Receipts. 800: market, slow, indications about steady', choice fat lambs held around *l3.

The City in Brief

SATURDAY EVENTS SoTerign Grand Lodge, I. O. O. F. convention, I. O. O. F. building, 8 p. tn. Beta nets Pi luncheon, Board of Trade. _ Sigma Alpha Epsilon luncheon. Chamber of Commerce. Ray Holmes, alias Luther Holmes, 27, of 627 North Pennsylvania street, was held by police today on larceny charges after he is said to have admitted stealing hosiery valued at $75 from the Real Silk Hosiery Mills, Inc. Tom C. Polk, secretary of the National Electric Light Association, addressed the Electric League of Indianapolis at its luncheon at the Severin today. Polk, a resident of Chicago, formerly was an Indianapolis man and connected with the Indiana Electric Corporation here.

Produce Markets

Egg 6 (Country Rum—Loss off delivered In Indianaocl.s. 20c: henerv quality No. 1. 29c; No. 2. 15c. Fouitrv (Buying Pricse)—Hena. weighing 5 lbs. or over. 22c: under 5 lbs.. 18c; Leghorn hens. 14c; springers. 4 lbs. or over. 21c or under 4 lbs.. 19c: Leghorn springers. 17c: old cocks. 9®loc: ducks, full feather, fat whites. 9c: geese. 6c. These prices are for No. 1 too aualltr. auoted by Kingan <& Cos. Butter (wholesale)—No. 1. 43®44e: No. 2. 41®42c. Butterfat—42. Cheese (wholesale gelling price per pound i—American loaf. 31c: pimento loaf. 32c: Wisconsin firsts 27c: Longhorns. Sic: New York Llmberger 36c. Bn TJjtitfd Pt'esi ' NEW YORK. Sept. 12.—Flour—Quiet and easv: spring patents. $4.90®5.25. Pork— Steady: mess. $32.50: lard, firm} middle west spot. [email protected]: tallow, steady: special to extra. 5®5%c. Potatoes—Firm; Long Island. $1.50® 3.76 barrel: Jersey. 51.50®3.50 basket. Sweet potatoes—Steady; Southern baskets. [email protected]: Southern, barrels. [email protected]: Jersey, basket. $2®2.50. Dressed poultry—Steady to firm: turkeys. 22@45c; chickens. 20®40c; fowls. 14@30c: ducks. 12® 15c: ducks. Long Island. 16® 19c. Live poultry—Steady to firm: geese. 12@16c: ducks. 15®25c: fowls. 18®28c: turkeys. 30®40c: roosters. 15®16c: chickens. 22®28c. Cheese—Quiet and firm: state whole milk, fancy to special, 24@26c; young America. 20®25e.

Bu United Pres CHICAGO. Sept. 12.—Eggs—Market, easy; receipts. 13.239 cases: extra firsts, 27c: firsts. 26Vic: current receipts. 24® 24%c: ordinaries. 18®22c: seconds. 12@18c. Butter—Market, steady: rgcelpts. 8.841 tubs; extras. 38c: extra firsts. 37®37%c; firsts. 35®36%c: seconds. 33@34c: standards. 37%c. Poultr-’ —Market, steady: receipts. 3 cars: fowls, general run. 23%c: springers. 21 %c: Leghorns. 17c: ducks. 16 ®2oc: geese. 17c: turkeys. 18c: roosters, 15c; broilers. 22c. Cheese—Twins. 18%@ 18%c; young Americas. 19c. Potatoes—On track. 266: arrivals. 90: shipments. 1.073: market, slightly stronger: Minesota sacked Irish Cobblers. [email protected]: Minnesota sacked Early Ohios. $2.25® 2.45: Idaho sacked Russets. $3.05®3.15: Wisconsin sacked Irish Cobblers, $2.50®2.65: Colorado triumphs, best. $2.50: Nebraska sacked Irish Cobblers. $2.40®2.60. Bu United Pres* CLEVELAND. Sept. 12.—Butter—Extras, 37%c: standards, 37%c. Eggs—Extras, 33c; firsts, 26c. Poultry—Fowls. 25c: medium. 23c; Leghorn! smalls). 14®16c: heavy broilers. 20®23c; Leghorn ’broilers. 18® 21c: ducks. 10®30c; old cocks. 14@16c; geese. 20c. Potatoes—Ohio cobblers. 70c per half bushel basket: Idaho. $3.40 per 100-lb. sack. Bu United Press . CINCINNATI. Sept, 12.—Butter— Steady: creamery in tub lots, according to score. 36®39c; common score discounted 3@3c: packing stock. No. 1. 30c; No. 2. 25c: No. 3. 15c; butterfat, 38®40c. Eggs—Weak: cases Included: Extfra firsts, 28%c: firsts. 26c: seconds. 24c: nearby ungraded. 26c. Live poultry—Thin and coarse stock sells only at heavy discount; fowls. 5 lbs. and over. 24c; 4 lbs. and over. 22c; 3 lbs. and over, 17c: Leghorns. 3 lbs. and over. 15c: roosters. 13c; colored fryers, over 3 lbs., 20c; broilers, colored, over 2 lbs., 20c; broilers, over 1% lbs.. 20c: 1% lbs. and over. 20c; Leghorns and Orpinton broilers, over 1% lbs, l9c: 1% lbs. and over. 19c: broilers, partly feathered, 15@18c; black springers. 16c.

In the Stock Market

(Bv Thomson & McKlnnonl NEW YORK, Sept. 12.—Some interesting light is thrown on the inventory situation in the current review of the American Bankers Journal. A compilation made from the balance sheets of 150 representative corporations show aggregate inventories of June 30 over 7 per cent less than the same date the year before. The motor industry shows the greatest shrinkage, nearly 25 per cent. This authority also notes a pronounced gain in confidence in business recovery. With the dismissal of the injunction suit against the Oklahoma pro-ration law, and another rise in wholesale gasoline prices in the midwest, the oil industry is being relieved of considerable uncertainty. The Oklahoma decision should have a helpful effect in holding California producers in line. Another advance in Pittsburgh steel scrap prices is encouraging. The increase in brokers loans can only be regarded as indicating greater public interest in securities. It should be construed as bullish. On any further setback in the stock market, purchases seem advisable, for we regard the reaction as purely corrective.

DRY ISSUE IGNORED Ohio G, 0. P. Acts on Rites for Harding Tomb. Bv United Press COLUMBUS, 0., Sept. 12.—Unanimous adoption of the platform and the report of resolutions committee referring the dedication of the Harding memorial tomb to a special committee closed the state Republican convention here today. No mention was made on the floor of the wet and dry issue following its suppression in the platform committee. The appointment of the special committee to confer with the Harding memorial committee effectively killed the resolution introduced Thursday, to invite President Hoover to dedicate the tomb Oct. 2. ORGANIZES JUNIOR CLUB Group of Young Democrats Being Formed by Attorney. Gerritt M. Bates, attorney, is organizing a Junior Democratic Club, according to H. Nathan Swaim, county chairman. Members of the executive committee are: Clyde C. Karer, Walter Houpert, Russell J. Dean, Robert Cunningham. Charles Cavin, James A. Watson, Thomas O’Connor, Andrew Jacobs, Rex Poe, Ernest P. Frick, Joe Shotwell, Nish Dienhart and Charles E. Walker.

STATE PROBING FIRE Oil Soaked Waste Reported Found at Washington House. By Times Special WASHINGTON, Ind., Sept. 12. Operatives of the state fire marshal’s office are investigating a fire which damaged a vacant house here, owned by Evart Beck. Authorities say that oil soaked waste was found at seven places where weatherboarding had been tom away. About five pounds of the inflammable material were found.

WEAK CABLES FORCE WHEAT PRICESLOWER Liverpool Off on Liquidation and Lack of Good I Support. By United Press CHICAGO, Sept. 12.—Weak Liverpool cables sent wheat sharply lower as the Board of Trade opened today. There was general selling and no support at the start. Liverpool w'as w'eak on long liquidation on the renewal of Russian offers and the market met no support. Com sank sharply with wheat while oats followed the major grains downward. Liverpool Breaks At the close wheat was to 14 cent lower. Corn was M to 1% cents lower and oats were H to V 2 cent lower. Provisions were about steady. Liverpool opened about as expected, held steady for a while and then broke sharply lower to stand to ITb cents down at mid-aft-emoon. Prices are now down to a level where most traders expect a trading market. There is more disposition to buy on good breaks owing to the cheapness of the 1 grain. Some selling of com and buying of wheat is being put through as the relative prices of corn are high. The record Canadian movement continues unabated and there is slight chance for a change in sentiment until this has ceased. Oats Uneven

Com was fairly well liquidated Thursday and is in a good technical position for an advance should wheat offer any encouragement. The fundamentals are bullish, but the extreme weakness of wheat is influencing speculation. The situation in the feed grains lends oats a strong undertone. This pit, too, is largely dominated by wheat. The eastern buying of both qash oats and corn remains of a good character. Chicago Grain Table —3ept. 12WHEAT— Prev. High. Low. 11:00. close. Dec 88% .85% .86% .87 y s Mar 90% .89% .90% .90’/* May ........ .93% .92% .93 .94 CORN— Dec 89% .88% .89 .90% Mar 91% .90% .90% .92% May 93% .92% .92% .94% OATS— Dec 41% .41% .41% .42% May 45%, .45% .46% .45% RYE— Dec 61 .80% 60% .61% Mar 65 .65 ,65 .65% May 68 .68 .68 .68% LARD— Oct 11.40 11.45 Dec 11.05 11.15 Bu Times Special CHICAGO, Sept. 12.—Carlots—Wheat, 34; corn. 166: oats. 69.

Local Wagon Wheat

City grain elevators are paying 77c for No. 1 red wheat and 75c for No. 1 hard wheat. Other Livestock Bv United Press CLEVELAND, Sept. 12.—Hogs—Receip's, 400; holdovers, 132; draggy, steady to 25c lower at sll downward; top paid for around 225-lb. weights; light lights and pigs, $9.50@10; steady. Cattle—Receipts. 550; steers of around [email protected] value predominating: kinds $7.50 downward draggy; In spots 25c under Monday; others in fair demand, not under steady; cows slow, weak, spots easier; sausage bulls, $4.5045:6 mostly; calves, receipts. 400; steady; good and choice vealers, sl4® 15 kinds In demand, but relatively scarce; bulk of run. $104811.50; common and medium mixtures; medium natives as high as sl3. to easier; bulk, nearly good, around $9.50; quoting strictly choice as high as $10; sheep 25c or more over Thursday’s quotations; fat ewes, [email protected] or above. Bv United Press EAST BUFFALO. N. Y., Sept. 12.—Hogs —Receipts, 2,60; holdovers, 600; dependable action on all weights above 180 lbs., steady; lighter averages slow, 15@25c lower; bulk 180-250 lbs., $11.50; 160-180 lbs., [email protected]; 150-160 lbs., $10.50@11; 140 lbs. and down. $9.504510.25; packing sows, [email protected]. Cattle—Receipts, 350; rather slow; weak to 25c lower; common and medium heifers, $7.50@8; fat cows, $545 5.75; cutter grades, $2.7504.25; calves, receipts, 500: vealers, active; generally 50c higher; good to choice. $14014.50. Sheep —Receipts, 2.000: lamb market not fully lower; good natives. $9.50; choice firmly established; scattered sales. 25c or more held around $10; throwouts, $7. New York Curb Market (By Thomson & McKinnon) —Sept. 12— Open.l Open. Am Gas & E1..130%'1nt Sup.r .... 19 * Am Lt & Tr.. 63 Midwest Ut 29 Ark Gas A.... 9% Mo Kan Pipe... 18% Avia of Am 49% Mt Prod 9% Brazil P & L.. 36% Nat Inv 13% Can Marc 4% Nat Pub Serv A 16% Cities Serv ... 29 Pantepec 3% Dixie Gas .... 18% Penroad 10% Elec Bond Sh.. 84% Prince & Whtly 10% Fokker 18 Sel Indus 5% Ford of Eng 21% Shenandoah ... 10% Ford of Fr 11% Std of Ind 49% Goldman Sachs. 19% Un Gas (new). 17 Gulf Oil 121% Un Lt &, Pwr... 41% Hudson Bav 6% Ut In Ind 14% Humble 0i1... 90% Ut Pwr 18% Insult Ut 56 Vacuum Oil ... 78%

Marriage Licenses Harold T 7. Sims. 24. of the Y. M. C. A., clerk, and Edna E. Evan-:, 21, of 3325 Ransdall clerk, Hugh M. O’Rear. 40. of Washington. D, C.. veterinarian, and Mabel M. Collins, 47, of 647 Park. George Bingham, 66, of Greenfield, merchant. and Estelle Johnson, 55. of Cumberland. William O. Newhouse. 64, of Lawrence township, farmer, and Annie E. Kitterman. 66, of Castleton. nurse. Clyde O. Oliver, 40, of 20 East Morris, butcher, and Mary E. Beckert, 40, of 1125 South Senate. Births Girls Edwin and Lovlna Lackey. 1216 Dreier place. Russell and Mildred Dobbins. 3624 West Sixteenth. George and June Sellers. Methodist hospital. Wayne and Eva Badegley, 1720 South and Roe Salernl. 306 North East. John and Dorothy Haris. Methodist hospital. Russell and Dorothy Willett. 5319 University. Bots William and Mary Siemental. 3140 West Thirty-second. . Felton and Gean Shelboume. Methodist hospital. Fred and Elsie Willoughby. 1332 South William and Julia Penes. 135 Catherwood. Deaths John R. Furguson. 85, Long hospital, arteriosclerosis. ... George D. Bisson. 52. Methodist hospital, cerebral hemorrhage. Donald E. Rlppv. 8 mo.. St. Vincent’s hospital, acute gastro enteritis. Infant Doty. 1 day, Christian hospital, atelectasis. Richard Thomas. 11. Riley hospital, myocarditis. Jimmie E. Klrkman. 2. Methodist hospital. peritonitis. George Smith. 52, 221 Bheldon. scute gastro enteritis. NEW YORK COFFEE RANGE —Sept. 11— High. Low. Close. March 5.98 5.93 5.93 May 5.94 5.00 5.00 July 5.89 5.7$ 5.78 September 5.73 5.70 5.70 December 6.26 6.20 6.20

i Every Financial Service ! futetw Crust sanks i 2

Dow-Jones Summary

Superheater Company declared regular Quarterly dividend of 62% cents payable Oct. 15. record Oct. 4. Minneapolis Federal Reserve Bank reduces rediscount rate to 3% per cent from 4 per cent. Columbian Carbon Company authorised common increased to 2,000,000 shores from 500.000. Places company in position to expand for split stock when It is deemed advisable according to President Carr. United Cigar Stores Company of America to advance prices of cigarets Monday to 13 cents a package or two packages for 25 cents $1.19 a carton and 30 cents for a Un of 60. International Telephone and Telegraph Company declared regular Quarterly dividend of 50 cents: earned 52 cents on 6 580,599 shares in June quarter against 57 cents on 5.871,821 shares in preceding ouarter and 72 cents on 5,018,278 shares In June 1929 ouarter. In six months earned $1.04 a share against $1.55 In first half of 1929. Nlles-Bement-Pond Company declared extra dividend of 25 cents on common, payable Sept. 30, record Sept. 20. Wheatsworth. Inc., declared extra dividend of 25 cents and regular ouartcrlv of 25 cents on common, payable Oct. 1, record Sept. 20. Kaufmann Department Stores. Inc, declared regular Quarterly dividend of 37 cents on common, payable Oct. 27. record Oct. 10. Brokers’ loans increase $33,000,000 in weex to $3,143,000,000: efderal reserve system ratio at 81.3 per cent against 80.8 per cent week ago and 73.7 per cent year ago. Production of copper by United States mines was 56.779 short tons in August against 54,219 tn July and 78,fW in August, 1929, according to American bureau of metal statistics. Copper production of smelters in North America was 54.560 tons in August against 84,426 in July and 85.531 in June.

New York federal reserve bank ratio at 85.2 per cent against 81.5 per cent previous week and 75.4 per cent previous veßr. No announcement of New York bank rate which remains at 2% per cent. Westlnghouse Air Brake declared the usual quarterly dividend of 50 cents a share on the capital stock payable Oct. 31; record Sept. 30. Bessemer and Lake Erie Railroad Company declared the usual semi-annual dividend of 1% per cent on the common stock payable Oct. 1; record Sept. 15. Bank of United States declared regular Quarterly dividend of 50 cents payable Oct. 1; record Sept. 18. Kaybee Stores Inc. declared regular auarterly dividends of 43% cents on Class A payable Oct. 1; record Sept. 15 and 15 cents on common payable Oct. 15; record Oct. 1. Detroit Steel Products Company declared dividend of 35 cents payable Oct 1record Sept. 20. with payment of this dividend disbursements in 1930 will total $2 a share. Steel and Tubes Company declared regular Quarterly dividend of *1.12% on Class A payable Oct. 1: record Sept. 20. General Motors common and preferred stockholders in third quarter was 249.175 against 243.428 in preceding 240,483 in first quarter and 140.113 in ttird 1929 ouarter. Factory employment In New York state decreased 1 per cent In August as compared with preceding month, according to State Industrial Commissioner Perkins Employment index in New York City Increased 1.6 per cent over July. New York public service commission approves New York Steam stock increase, but censures accounting theories. 7 - rjffbman & Sons six months profit tA R n S i o£, 51 ; 59 2, bffore federal taxes, against $401,271 In first half 1929. **s£?** 9 ea f -514 To!1 earnings for 1930 floo 5* ,2 - 78 . a share against $3.77 in 1929 first six months net $1.71 a share. Daily average volume of federal reserve bank credit outstanding during week e ? de * d i SfPLn 10, was *1.029,000.000 Increase ol *‘.ooo.ooq over preceding week but $406,000,000 below like 1925 week. Loans on securities by member banks of New t y - $3.523.00°.000 against *3,652.on Sept. 3. All other loans $2,409.000 000 against $2,405,000,000. Total loans $5,933,000,000 against $6,057,000,000. Warren Foundry and Pipe first six fnonths earnings 69 cents a share on 185.000 shares against 53 cents a share on 231.000 shares in first half 1929. Utah Power and Light including Western Colorado Power twelve months ended July 31 surplus, after preferred dividends but before depreciation $2,219,223 against $2,468,265 in preceding twelve months. July profit $268,985 after taxes and charges, but before depreciation against $289,983 in July. 1929.

IF IC* DE LUXE Jr &m£f£i service tmm m GIVEN, AWAY HiM H W 1 Qt. 100% Pure Pr. B. mJP M ill A Oil With Each 5 Gal. (; as p urc h ase d This oil we supply you with is 100% Pure Paraffin Base and comes to us in full tank cars from PENNSYLVANIA. We want you to KNOW onr oil. By this offer yon may test It at onr expense. —NEW STATION— I BRYCE GAS SERV-U STATIONS _ No. I—Meridian at South St. 20 W. Michigan St. No. 2 _i 228 E. Washington St. Between No. 3—1230 Marlowe (N. Y. St.l Meridian and Illinois Sts. at Highland

Cities Service Securities HENRY L. DOHERTY c CO. R. S. NORDYKE, Mgr., Local Office 705 Fletcher Savings & Trust Bldg. Phone LL 7566-7567

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New York Curb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501

The Best in Travel Service When we speak of Travel Service we ■ mean a gieat deal more than the selling K ___ -ißk of tickets. The fact that we are agents <S—for all leading steamship lines—coupled ( with our years of experience—insures ISpEffi to you advice and help in planning your I winter tour that will free your mind of r worry and permit you to enjoy your 3 trip. Our service includes every detail 3 incident to the planning and carrying j 1 Whether you plan to travel immedi- Cv ately or not, we will gladly answer any question you may ask. RICHARD A. KURTZ, Manager Travel Bureau ___ The Leading Travel Bureau of Indianapolis H*UNION TRUSTS 1 120 |£at Market Street ' Rl fey •“>■'! H

PAGE 25

STANDARD OIL STATIONS WILL ADDJTRE LINE Distribution of New Product Will Be Started by Company Oct. 15. One thousand stations of Standard Oil Company of Indiana in 550 towns and cities of the middle west, Oct. 13 will add automobile and truck tires to their merchandise, the company revealed today. Further distribution will be arranged as rapidly as possible to be carried on through the 8,200 controlled service stations and through garages, stations, and stores handling products of the company on a reseller basis. Guaranteed 12 Months Standard Oil of Indiana has outlets in virtually all cities and towns of Indiana, Michigan, Wisconsin, Illinois, Minnesota, lowa, Missouri, North and South Dakota, and Kansas. Tires will be guaranteed twelve months for passenger cars and six months for commercial vehicles, against breakdowns through accidents, blowouts, cuts, bruises, rim cuts, under-inflation, wheels out of alignment, faulty brakes, or any road hazard, and in event of a breakdown a tire will be repaired at a Standard Oil station free of cost or replaced at a price of onetwelfth or one-sixth the original cost, multiplied by the number of months the damaged tire was in service. Repairs to Be Free Attendants at stations will be trained to service tires, and in event of trouble the customer may' get service at the nearest station. This service will be available at all times w’hen stations are open. Repairs within the life of the guarantee will be free. The company also expects to arrange with other oil companies for service on tires purchased from Standard stations or agents. Chicago Stocks Opening (By James T. Hamlll & Cos.) —Sept. 12— Auburfi Motors 129 Houdi B 9 Bendix Avia... 33% Elec Hsehold... 45 Borg Warner... 29% Insull com 56% Cord Corpn 7% Majestic Hsehold 49 Conti Chi Cor cl 4 Marshall Fields. 41% Conti Chi Cor p4B Midland Utd pfd 44% Chi Corp com.. 12% Middlewest com 29%. Chi Corp pfd... 42 Noglltt Sparks.. 51 Chi Securities.. 22% U S Radio & Tel 31 Gen Thea Eauip 35 Util & Indu pfd 23% Grigsby Grunow 12%

Building Permits F. P. Templeton, dwelling and garage, 5457 North New Jersey, $8,500. R. Sullivan, dwelling and garage. 481818 East Tenth. $3,800. W. B. Hauger. dwelling. 5309 North Capitol. $7,300. Mrs. A. Grasshoff, storeroom. 433 South Ritter. *750. MONEY to LOAN -—on MORTGAGES STATE LIFE Insurance Cos. 1235 State Life Bldg.