Indianapolis Times, Volume 42, Number 110, Indianapolis, Marion County, 16 September 1930 — Page 14

PAGE 14

STOCKS RALLY . AFTER INITIAL SELLING WAVE List Follows Steel Upswing Following Dip; Sales Are Quiet.

Average Stock Prices

Aversfe of thirty Industrials for Monday Was 23682, off 3.72. Average of twenty tails was 131.29, Average of twenty utilities was 38.40. off 1.18 Average of forty bonds was 37.18, up .02. Bu T'nttrd Press NEW YORK, Sept. 16.—The stock market rallied around noon after undergoing heavy selling in the morning that brought prices down 1 to 6 points. United States Steel, which had touched 166%, off I'/k net, came back to the previous close and corresponding recoveries were made by American Can, Westlnghouse Electric, Vanadium, Montgomery Ward and a long list of others. New Record Lows Several weak spots developed during the session. Grigsby-Grunow, one of these, broke to anew record low at 6%, off 3?s from the previous close. The stock earlier in the year sold as high as 28. Majestic Household Utilities, Grigsby - Grunow affiliate, broke to anew record low at 25, off 8% on the Chicago Stock Exchange. Dunhill International was another Weak feature, dropping to 16%, off 2%. Auburn sold off to 120, off 4%. Real Silk Hosiery touched 42, off 6%. "*• Dealings Quiet Grigsby-Grunow rallied 2 points from its low and otheir weak issues of the .morning came hack with the rally in the leading isnues. Trading picked up on the decline. However; selling did not get out of hand and the wide breaks occurred In issues .where adverse news was expected. Dealings quieted <iown in the early afternoon with'prices holding near the highs of tile day. Call money renew 'd at 2% per rent.

Bank Clea.p'ngs

INDIANAPOLIS STATEMENT Tuesday. Sept. 16. Clearings ~...53,541,000.00 Debits ~ 8.608,000.00 CHICAGO STATEMENT Clearings .$104,800,000.00 Balances 5.700.000.00 NBW YORK STATEMENT Clearings $0,639,000,000.00 Balance 268.000.000.00 TREASURY STATEMENT Net balance for Sept.. 13 $35,505,120.42 Expenditures 4.802.201.05 Customs rects. month to date 15.088.596.00

New York Bank Stocks

-—Sept. B5 — Bid. Ask. America 96 97 Bank of United States 41 41% Bankers 156% 157% Brooklyn Trust 725 733 Central Hanover 348 351 Chase National 145% 146% Chatham Phoenix National 106 Chemical 435 435 Corn Exchange 167% Continental 38 28/a Empire ‘9 82 First National 5.050 5,135 guaranty 644 648 ving 34 *U/b Manhattan & Cos 115 , 113% Manufacturers 88 % 89% New York Trust 252 255 Public 108 107 Chelsea 33 33

Net Changes

Bv United Prent NEW YORK. Sept. 15.—Closing prices and net changes on principal stocks traded today on the New Ytork Stock Exchange follow: Up. Off. American Can 128% ••• American and Foreign 70% ... 1% American Smelting 65 ... 3 American Telephone 214% ... Us Columbia Gas 62V. ... 1% Consolidated Gas IJ7,* •;/ 1 General Electric 71% ••• If General Motors 44% ... % International Telephone... 43% ... % Loews. Inc 78 s . ... % Montgomery Ward ........ 37% ... Vs Pennsylvania (unchanged).. 73% ... ... Radio Corporation 39% ... % Sinclair (ex-dividend) .... 21Vs % ... Standard Oil, New York... 31 V ... Union Carbide 76% ... 3% United States Steel 167 V ... 2% Vanadium 66V2 ... 1/ r^SSS t, &cta.“.v.v.i”u * Chicago Stocks Opening (By James T. Hamill & Cos.) —Sept. 16— Open.l Open. ▲ unc Tel Util. 24 Ins 6s 1940 102%l Auburn Motors. 132 Mai Hshld 33% Si Av 1..... SlVi.MaMht Fields... Borg Warner... 28 Midi Un com... 25 Cent So West.. 22 M lUn 8id.... 44% rvsrd Ccn .... 7Mi Mid com 37v® Con Ch Cp Pfd. 44*21 Nat'l Sec com... 13*2 Ch CoS com ... 11% Nat l Pw & Lt. 65 Ch Cpn old ... 43%;Nobbb Spks .... 49 rheo Secur .... 22 Swift &Cos 30 Grlgsbv Grunow 10% U S Radio & Tel 29% Roudl A ... 19 Util & Ind com 13% Bee Hsehbid... 43, jUt & Ind 01d..' 22 Insull Com 55Vi New York Curb Market —Sept. 16— 11:301 11:30 Am Com Pwr . 19% Mo Kan Pipe... 15% Am Gas & E1.137V. Nat Av 9% Am Lt & Tr... 62% Nat Inv . 13% Ark Gas ..... 9% Nia Hud Pwr... 16 Can Marc ...... 4% Penroad ....... 10% ClUes Serv 28% Prln & Whtlv.. 9% Elec Bond Sh.. 80 f*! 1 fuLLar .. 17*4 Sel Indus,.,..* Ford of Bnir... Iq 1 * Ford of Ft llj'Btd of Ind 49 For Theitcr. . 9VaiTr Air Tr 8 Goldman Sachs. 18 ’Un Gas (new).. 16 Humble Oil ... 88 'Un Lt & Pwr... 39 Ed Terr A.... 29%; On Verde |% Marriage Licenses Jacob A. Ooldfarb. 39. of 3419 Wtathroo, manufacturer, and Bertha Rosenblatt, 31, of 3777 North Meridian. Bernard E. Wilson. 23. of 935 East Market welder, and Clara Andrews, 16, of Kenneth W. Wantland. 25 of 947 High, chemist, and Anona J. Llnkenhelt, 26, of 2164 North Capitol, clerk. _ 3 James C. Wilson. 31, of 1826 No'th Capitol. clerk, and Veida V. Dale, 30, of 1826 N jlshn < S M CUrk, 22. of 337 South Arlington. salesman, and Mildred A. Goepper, 20. of 373 North Holmes. Rufus Glover, 40, of Terre Haute, supervisor. and Mabel Lee, 27, of 814 North M Hugo'straub!' 26. of 810 Freeman, butcher. and Ruth M. Stumps, 18, of 1025 Bradbury, clerk. . _ . Ami V. Keesling. 24. Columbus. Ind.. clerk, and Margaret J. Williams, 32, West Newton, stenographer. Francis J. Mclnernev, 30, of 543 North Illinois, salesman, and Margaret Crispin, 33. of 543 North Illinois, saleslady. Boyd J. Elliott, 23, of Buffalo, N. Y„ clerk, and Jane E. Biddy, 25, of 5829 Indlsnola. clerk.

Local Wagon Wheat

City erln elevators are oayine 76c for kNo, 1 red wheat and 7Se for No. 1 hard Mheat. rather of Harding'. Aid Dies Prftf O.. Sept. 16.—Colonel B. Christian, 83, father of Hge B. Christian Jr., former H&ry to the late President Hargpfs’to be buried here Wednesdied Monday after a

New York Stocks ißv Thomson 81 McKinnon)*' 1 "

—Sept. 13— _ Railroads— Prev. High Low. nj?, close. Atchison 220% 236 2% 220 Balt tc Ohio 98% Chesa 3c Ohio 4 % Chi G.t West Chl,N West 5% 65% C Hj I & 98 98 Del LAW }i2 v Del 8c Hudson • XfJ Illinois Central .113% 115% 113% 115/s 8? 2%Sk:::.iu* urn .8$ (* Mo SVg&fclii* 182 162 % Norfolk 230 228 236 O 8c W . W ... , 73 * So Pacific*"'.".".".'.llß 117% 117% 118% Southernßy.... 88% 83% 88V. 83% St. Paul : ... ... 1 5 UnSn* 1 * Pacific!! .213% 217 2??" 217% W Maryland 24 West Pacific l% ••• Equipments— .... Am Car 8c Pdy. ... ... 38,s 50a A.n Locomotive. 30% 30 30 31 Oen*A*m Tank.'. 88’4 ’* ’ Oeneral Elec .. 71 70% 70% 71% Gen Ry Signal. 80 79% 79.4 80 Pullman 67% 67 67 * 67,4 Westingh A Elec'..i39% 137% 148% 130% PlfeswST. 1?,% 19%. BScV ... 1 3 4 * % Goodrich • 22% 22% Goodyear 32% 52% 52% 52a Kelly Sprgfld 3 ?/• u ee s R Rubber.'.’.’. 19 18% 18% 19% Auburn 122 120 121 124% Chrysler 27 Vs 27% 27% 28 Gardner s' 4 Oeneral Motors. 44% 43% 44 44 4 Hudson 28% 29 ,4 ;;; ;; ll u Na-h • 34 Vs 34% Packard 13 13 mo ..i*% u% 13 %% IXWrU:*:.*. 21% •% si% mi Motor Access— .. Am Bosch 31% 31% 31,a ... Bendix Avaltlon 31% 31 31 31a Borg Warner... .. 28 Briggs 18% 18 Va 18% 19 Eaton fljjE 1 Btorage e %* Haves Body Sai Houda Motor Wheel.... .. •••., -iau. Btewart W War n er 11% % 4 26% Timkln Roll ... 67 % 68 Am Smelt 65% 64 64 i 63 Anaconda Cop... 46 45% 46 46 2 Cal 8c Hecla 13% 13% 13% 13/s Cal 8c Arlz 49 38 Cerro de Pasco g Freeport Texa3. 45‘/2 40% 45,4 35 % Granby Corp Great Nor Ore 21% 21 4 Howe Sound ... ... •• • . 3 ®. ,2' 4 Int Nickel 24% 24% 24% 25 Inspiration IJi? i? 3 . Kennecott Cop. 34% 33 A 33,a 34* Magma Cop •• fl™ Miami Copper JJ/s Nev Cons ••• 44 , Texas Oul Bui.. 58% 08 58% 59 U S Smelt 22% 21% Oils— ~,, Atl Refining .... 33% 33 33% 33% Houston' 1 . 73% *72% % Ind Oil 24y< 24 24 24% Indian Refining. 13 , 12Vi 12% 13% Mex Sbd 23% M 33% 24 Mid Conti 23% 23% PhflUpT"..32% *3i% *3i% ||% Pur? i on .° a . s ::::: ‘i% n% Richfield 16% 16% 16% 16% Royal Dutch ... 48% 48,a Shell Un 14% 14% 14% 14% Simms Pt 20 Sinclair 21% 21% 21% 21% Skellv 26% 26% Standard of Cal. 60% 60% 60% 60% Stand of N J. 68% 68% 68% 68% Stand of N Y 30% 31 Texas Cos 51% 51 Vi 51% 51% Union Oil 40 Steels— Am Roll Mi 115.... 50% 49% 49% 50% Bethlehem ..... 89% 88 88% 88% Byers AM 73 72% 72% 74 Colo Fuel 47'/a 48% Cruc Steel 74 Ludlum 21% 21 21 21% Midland •••.. • ••,, 30% Newton 40 38'a 38'% ... Repub IBc S 34% 35 U S Steel 167% 16% 167% 167% Vanadium 85% 84 85 86% Youngst S& W 38% 38% Tobaccos— Am Tob (A) new 120% 119 119 121 A mTob (B) new 124% 123 123 125% General Cigar 45 Lig & Myers 8..100% 99 99 100 Lorilard 21% 20% 21% 32 Phil Moris , 11 Reynolds T0b.... 52% 52'* 52% 53 Std Com Tob 4% Tob Pr A 13% Tob Pr B 4% 4% United Clg 7% 7% Utilities— Abltlbi 22 Va ... Adams Exp .... 26% 26% 26V* 26% Am For Pwr ... 70% 69% 70% 70% Am Pwr 8c Li.. 82 81 81 82 A T 8c T 214% 213% 213% 214% Col Gas 8c E 1... 62% 61% 61% 62% Com 8c Sou i 13% El Pwr 8c Li.... 71% 70% 71 Vi 72% Gen Gas A 9% 8% 8% 9% Inti TBc T .... 42 41% 41% 42% Natl Pwr 8c Lt. 47% 47% 47% 47% No Amer C0....104% 103% 103% 105% Pac Gas 8c El.. 59% 58% 58% 59% Pub Ser N J ...91% 90% 91 92% So Cal Edison 58% Std G 8c El 103 Vi 101% 102% 103% United Corp 33 32% 32% 33% Ut Pwr 8c L A.. 35% 35 35 35% West Union 169% 169 169 172 Shipping— Am Inti Corp... 36 35 35 36% Inti Mer M pfd 21% 21% United Fruit ... 85% 84% 94% 85 Foods— Am Sug 51 Vi Armour A ... 5% 5% Cal Pkg 63 62 Can Drv ....-, 64Vi Childs Cos 53 52% 53 53% Coco Cola 183% 184% Cont Baking A 28 27% 27 % 28 Corn Prod 89% 89% 89% 90 Cudahy Pkg ... 41% 42% Gen Foods 57% 57 57 57% Grand Union 15% 16 Hersev 96% 97% Kroger 29 28% 29 29% Nat Biscuit 83 Vi 83% 83% 83% Pillsburv 33% 33% Safeway St 73% 72 72 70% Std Brands 20% 20% 20% 20% Ward Bkg 9% 9 Drug*— Cotv Inc 17% 17 17 17%

In the Stock Market

(Bv Thomson & McKinnon) NEW YORK, Sept. 16.—Undoubtedly much of the disappointment in evidence of the financial community at the moment has had its origin in the wheat and copper situations. It is not so much the extent of the price declines as the lack of stability, due to the constantly increasing commercial supplies. However, the economic law is functioning. We should be somewhere near a turning point. Once that point is reached improvement may be more rapid than we think. In wheat our exports to date since July 1 exceed those of a year ago by 21,000,000 bushels, representing an increase of 55 per cent. To allow consumption to catch up, it is reported several copper companies plan to shut down large properties. That unsatisfactory situations do remedy themselves is indicated by another advance in wholesale gasoline prices. The advance from the low price of the year in the midwest territory amounts to more than a cent a gallon. It is encouraging to note the favorable outlook for general business voiced by several railroad executives. Patient optimism in the stock market may be as difficult to exercise at this time as was caution and conservatism a year ago. Nevertheless, we are confident that it will be profitably rewarded. Other Livestock B B^ST ff BUFTALO. N. Y.. Sept. 16.—Hoes —Receipts. 500: holdovers. 1.300: rather, slow: weights above 170 lbs. weak to 10c lower: lighter averages fully steady; bulk desirable. 170-240 lbs.. $11.40 : 260-280 lbs.. $11.25©11.35: 140-16 C lbs.. $10.50©11.25: 140 lbs. down to $10.50: packing sows. $8.60©#.25. Cl ttle —Receipts. 200: cows, steady; cutter grades. $3.7504.25: steers, unsold. Calves—Receipts. 100: vealers. unchanged. $14.50 down. Sheep—Receipts. 300: lambs, steac? at Monday's sharp decline: god to eholoe, $8.7509; throwouts. $8.5007: ewes, $3.5094. S FT." Tnd., Bept. 16.—HopMarket. 15c lower: 110 lbs. down. $8; 110120 lbs.. $8.25: 130-130 lbs.. $8.50; 130-140 lbs.. $9; 140-150 lbs.. $9.50; 150-160 lbs.. $10: 160-180 ibe.. $10.35: 180-300 lbs., $10.65; 235-250 lbs., $10.50; 350-275 lbs., $10.35: 775-300 lbs.. |10.35; 300 lbs. up. $10: roughs, $7.75; stags, $6; calves, sl3; lambs, SB. 8v Vnitfd Pre* TOLEDO. Sept. 16.—Hogs—Receipts. 700; market. 35c lower: heavies, $10010.50; mediums. $10.75© 10.85; yorkers, $909.50; pigs, $8,5009. Cattle—Receipts. 75; market, steely. Calves—Receipts, light; market, strung. Sheep—Receipts, light; market. alow.

Lamtfcrt Cos *6% 96% Lehn 8c Fink 27% ... Industrials— • Am Radiator.... 26% 28% 26% 27 Certalnteed ....... 6% Gen Asphalt.... 42 41% 41% ... Lehigh Port 28 ... Otis Elec 69% 68 68 £B% Indus Chems— Allied Cbem ....267 255 267 267% Com Solv 26 35% 25% 26V* Union Carbb... 76% 75% 76% 78% U S Ind A1c0... 72% 72 72 Retail Stores— .... .... Assoc Dry Gds 35% 35% Olmbel Bros 11% I}% Krestfe 88 ... ••• 31 May D Store.... 44 43*4 Mont Ward 37 36% 36% 37% Penny J C.. ... 53% Schulte Ret St 7% 8% Bears Roe 71 % 69% 70 71% Woolworth 65% 64% 64V* 65% Amusements— .... Bruns Balke „ ... J*% Col Graph 17 16% 16 s ,i 17% Croslev Radio 13% „}? Eastman Kod ..213 210% 211 213 Fox Film <A) .. 49 48% 48% 50% Grigsby Grunow 10 6% 7% 10% Loews Inc 77% 76% 77 78% Param Fam .... 60V* 59% 59% 60% Radio Corp 39% 38% 39 39% R-K-O 3%3 33% 33% 34% Schubert 15% 14% 15% 17 Warner Bros .... 29'% 28% 29% 30 Miscellaneous — Airway App .... 16% ... 16 /a ... City Ice 8c Fu 38% Conflroleum • • llva HVs Am Can 128% 127% 128, 128% Cont Can 58 57Va 57% 58% Curtiss Wr ...... 6% 6% 6% 6% Gillette S R .... 68% 67% 68% 63 Real Silk 46% 45% 45% 48% Ulen 23 23%

Dow-Jones Summary

LONDON—New York cables opened at 4.85 31-32, against 4.85 15-16; Paris checks, 123.72; Amsterdam, 12,067; Italy, 92.79; Berlin, 24.405. Total melt of 15 United States sugar refiners from Jan. 1, to Sept. 5, 3,315,000 long tons against 3,600,000 for period Jan. 1, to Sept. 7, 1929. Total deliveries 3,110,000 long tons against 3,365,000. General Foods Corporation president estimates current year’s net at about $4 a common share against $3.89 a share last year. Vice-Chancellor Fallon In Jersey City chancery court appoints Charles M. Egan as special master to consider application for receiver for Kelly Springflod Tire Company. Case in Newark federal court against company adjourned for one week to allow counsel to prepare for case. California superior court continues temporary Injunction in Santa Fe spring gas wastage suit until Nov. 12. awaiting state supreme court's deciston on state r,ll and gas act. Kalamazoo stove omits quarterly stock dividend of 1% per cent on common due at this time. Regular quarterly cash dividend of $1.12'/z on common declared. Special stockholders meeting of Paragon RFG Companv called for Sept. 29. at Cincinnati to formally dissolve company. Gotham Silk Hosiery Company declared regular ouaiierly dividend of $1.75 on preferred payable Nov. 1, record Oct. 11. The Du Pont Rayon Companv resumes operations at its Waynesboro (Va.) plant with 60 per cent of Its normal force. Anaconda Wire Company subsidiaries of Anaconda copper receives order from Pacific Gas anad Electric Company for 4.250,000 pounds of hollow cable conductor. Columbia Gas and Electric Corporation contracts with Washington Gas Light Companv for delivery of natural gas into district of Columbia also to supply Natural Gas to American Electric Power Corporation for distribution in New York (Pa.) area. Frank P. Walsh nominated as director of Interborough Rapid Transit Corp. to represent Transit commission succeeding W. W. Niles. Btinson Aircraft Cos. sub. of Cord Corp. concludes contract with Commercial Investment Trust Inc. whereby Latteg will finance instalment sales of Stinson. Simms Oil Company’s No. 1 Holzmark Western Bee county discovery well shows gauge 56,000,006 cubic feet of wet gas with estimated gasoline contents seven gallons per 1.00 cubic feet. British Columbia Power Corp. in year ended June 30, 1930, earned 19 cents a class B share, against 63 cents a share in the previous year. Cabinet of chancellor Heinrich Bruening of Germany decided at a meeting to remain in office and place its fate in the hands of new Reichstag. Federal reserve condition statement of weekly reporting member banks on Sept. 10, shows reduction of $3,000,000 in loans and investments, $40,000,000 in borrowings from federal reserve banks and of $16,000,000 in government deposits of which none are shown for Sept. 10. Increases of *71.000.000 in net demand deposits, and $7,000,000 in time deposist. Loans on securities. $8,351,000,000, decrease of $32,000,000 from previous week, all other loans $8,462,000,000. Increase, $16,000,000; total loans, $16,812,000,000; decrease, $lB,000,000. Texas Power apd Light twelve months ended July 31, surplus after preferred dividends, but before depreciation, $2,344,634, against $2,369,829 in previous twelve months. July profit after taxes and charges, but before depreciation, $209,953, against $175,679 in July, 1929. Southern lee and Utilities twelve months ended July 31, net income, $138,413, after taxes and charges including depreciation, against $379,899 in preceding twelve months. Philip Morris and Company declared regular quarterly dividend of 25 cents. Philadelphia Rapid Transit Company declared regular quarterly dividend of $1 on common.

Produce Markets

Eggs (Country Rum—Loss off delivered m Indianapolis. 24c; henery quality No. 1 29c; No. 2. 16c. Poultry (Buying Prlcsel— Hens, weighing 5 lbs. or over. 20c; under 5 lbs.. 18c: Leghorn hens, 14c: springers, 4 lbs. or over. 21c or under 4 lbs., 19c: Leghorn springers 17c: old cocks. 8010 c: ducks, full feather, fat whites, 9c; geese. 6<s. These prices are for No. 1 toD aualltvs auoted by Klngan & Cos. Butter (wholesale)—No. X. 43@4fc; No. 2. 41® 42c. Butterfat—42. Cheese (wholesale selling price per pound)—American loaf. Sic; pimento loaf. 32c: Wisconsin firsts 27c; Longhorns. S4c: New York Llmberger 36c. By United Press CHICAGO. Sept. 16.—Eggs—Market easy: receipts. 8.881 cases; extra firsts. 26%c: firsts, 25%c: current receipts. 24®24%c; ordinaries. 18@21c; seconds. 12@18c. Butter—Market, firm; receipts. 9.417; extras. 38%c: extra firsts. 37@37%c: firsts, 35%@ 38%c; seconds. 33 0 34c; standards. 38%c. Polutry—Market, weak; receipts. 7 cars: fowls, general run. 22%®23c: springers. 21c; Leghorns, 16c; ducks, 16020 c; geese. 17c; turkeys. 18c; roosters. 15c; broilers. 22c. Cheese—Twins. 18®18%c; young Americas. 19c. Potatoes—On track, 412; arrivals. 76; shipments. 650; market dull: Minnesota sacked Irish cobblers. *202.10; Minnesota sacked earlv Ohlos. *2®2.10; Idaho sacked russets. $2.75®2.95; Wisconsin sacked Irish cobblers, [email protected]. Bu United Press CINCINNATI. Sept. 16.—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; butterfat. 38 0 40c. Eggs—Steady: cases Included: Extra firsts. 28%c; firsts. 26c; seconds. 24c; nearby ungraded. 26c. Live poultry—Thin and coarse stock sells only at heavv discount: fowls, 5 lbs. and over 24c; 4 lbs. and over, 22c: 3 lbs. and over. I8c; Leghorns. 3 lbs. and over. 16c; roosters. 13c; colored fryers, over 3 lbs., 22c; broilers, colored, over 2 lbs.. 22c; broilers, over 1% lbs., 22c; 1% lbs. and over. 22c; Leghorns and Orpington broilers, over 1% lbs.. 19c: 1% lbs. and over. 19c; broilers, partly feathered. 15® 18c; black springers. 16c. Bu United>Press NEW YORK, Sept. 16.—Flour—Irregular and unsettled; spring patents. $4.85 0 5.20. Pork—Quiet; mess. $32.50. Lard—Firm; middle west spot. *11.95012.95. Tallow Quiet: special to extra. 5®5%c. Potatoes —Steady to firm; Long Islnad. $1.5004.10 Sr barrels: Jersey. $1.5003.50 per basket: aine. *3.1003.65 per bbl. Sweet potatoes—W’eak; southern baskets. [email protected]; southern barrels. [email protected]: Jersey basket. 7Scfi*2.2s. Dressed poultry—Steady to firm: turkevs. 22045 c: chickens, 20040 c: fowls. 140 30c: ducks. 12015 c; ducks. Long Island. 17020 c. Live poultry—Weak: geese. 12@16c; ducks. 15@25c; fowls. 15® 27c: turkevs. 30®40c: roosters. 12® 13c; chickens. 17026 c. Cheese—Quiet and easv: state whole milk, fancy to special. 24® 26c; young Americas. 200 25c. By United Press CLEVELAND. Sept. 16.—Butter—Extras. 38 %c; extra firsts, 38 %c. Eggs—Extras, 33c; firsts, 26c. Poultry—Fowls, 25c; medium, 23c; Leghorn, 14@16c; heavy broilers. 20@22c: Leghorn broilers, 18021 c; ducks. 10020 c; old cocks, 14@16c; geese. 20c. Potatoes—ldaho Russet mostly, $3.25 per 100-lb sack. NEW YORK COFFEE RANGE —Sept. 15— High. Low. Close. March 6.25 6.13 6.23 May 8.14 6.01 8 13 July ,t... 6.00 5.95 6.00 September 8.65 8.50 6.86 December 8.59 ms M 9

THE INDIANAPOLIS TIMES’.

PORKER TRADE CONTINUES OFF AT CITYYARDS Strong to Higher Tone Felt in Cattle; Sheep Sell 50 Cents Down. Sept. Bulk. Top. Receipts. 9. $10,904*11.50 *11.25 7,500 10. 10.6511.00 11.10 5.000 11. 10.65® 11.00 11.10 3.500 12. 10.854111.5 11.15 5.000 13. 10.754r10.05 11.10 2,500 15. 10.65010.95 11.00 6.000 16. 10.45&10.75 10.85 6.000 Hogs showed further weakness at the city yards today, the market holding steady to 20 cents lower, largely 15 to 20 cents off. Most inquiries were for weighty butchers. The bulk, 160 to 300 pounds, sold for SIP to $10.75; top price paid SIC Receipts were estimated at 6,00 u. holdovers were 286. Light steers and heifers were strong to higher in the cattle market, other she stock and heavy steers holding slow. Receipts were I, Vealers showed stronger tendencies, selling 50 cents up at $13.50 down. Calf receipts were 800. Lambs were off 50 cents or more with the bulk of good and choice going at $7.50 to $8.50. Top price was $9. Sheep receipts were 1,500. Chicago hog receipts were 22,000, including 6,000 direct. Holdovers were 4,000. The market was slow with a few weakly sales and bids steady to 10 cents lower than Monday’s average. Weights below 210 pounds showed the decline. Choice 220 to 250 pound weights sold at sll.lO to $11.15; a few 200 pound weights, sll. Cattle receipts were 11, the market steady. Sheep receipts were 27,000; prices strong.

HOGS Receipts, 6,000; market, lower. —Light Lights—-(l4o-160) Good and choice... ,[email protected] —Light. Weights—-(l6o-180) Good and choice 10.45 (160-200) Good and choice.... 10.60 —Medium Weights—-(2oo-220) Good and choice.... [email protected] (220-500) Good and choice... 10.75#10.85 —Heavv Weights—-(2so-350) Good and choice... 10.754c10.85 (290-350) Good and choice... 10.25®10.75 —Packing Sows--(275-500) Medium and good.. B.oo@ 9.00 (100-130) Good and choice... 9.00® 9.50 CATTLE (Slaughter Class) Receipts- 1,700: market, steady. —Steers—-(6oo-1.100) Good and choice $10.75® 13.25 Common and medium [email protected] (1.100-1.500) Good and choice [email protected] Medium 7.00®10.50 —Heifers—-(sso-850) Good and choice 10.00 @i 2.50 Common and medium 6.00#-J.OO Good and choice 5.75® 7.50 Common and medium 4.2E® 6.75 Low cutters and cutters.... 2.50® 4.25 —Bulls (yearlings excluded) Good and choice beef 5.50® 7.00 Cutter, common and medium.. 3.75® 5.50 CALVES AND VEALERS Receipts, 800; market, steady. Good and choice * 1 ?-92S}2’52 Medium Cull and common 6.50® 9.50 —Calves—-(2so-300) Good and choice 5 Common and medium 5.00® 8.00 STOCKER AND FEEDER STEERS (500-600) Good and choice 5 - s ?§! 7 52 Common and medium 3.75® 5.50 Good and choice 5 -5 c 7l 7'12 Common and medium 3.50® 5.50 SHEEP AND LAMBS Receipts. 1.500; market, steady. Good and chocie $ 7- 5 2® 2'22 Common and medium 5.00® 7.50 —Ewes— _ Medium and choice ?-521S * 22 Cull and common I.oo® 2.0 u Other Livestock n CHICAGO^ rfS Sept. 16.—Hogs—Receipts, 22,000; including 6,000 direct; market, slow, steady to 10c lower on weights 200 lbs. up; lighter weights, 10@15c on; packing sows weak; top, $11.15; bulk 180-300 lb. ■weights, *[email protected]; packing sows. [email protected]; light lights, 140-160 lbs., good and choice, $9.65® 10.50; light weight. 160200 lbs., good and choice, $10.25@11‘ medium weights, 200-250 lbs, good and choice, *[email protected]; heavy weights, 250-350 lbs., good and choice, [email protected]; packing sows, 275-500 lbs., medium and good, $8.25 ®9.50; slaughter pigs. 100-130 lbs., good and choice, $8.354?9.65. Cattle—Receip ts. 11,000; calves, 2,000; very litlte done on steers and yearlings; early trade steady to 25c lower; undertone indicating 25c or more lower on the steer and yearling list; early top on 1,275 lb. weights, $12.75; numerous yearlings held around sl3; slaughter cattle and vealers; steers 600900 lbs., good and choice, [email protected]; 9001,100 lbs., good and choice, $10.50@13; 1.100-1,300 lbs., good and choice, $9.50® 12.75; 1,300-1.500 lbs., good and choice, $9.25®12.50; 600-1.300 lbs., common and medium. $6.50®10.25; heifers, 550-850 lbs., good and choice, $9.75® 13; common and medium, [email protected]; cows, good and choice, $5®8.25; common and medium, $4®5.25; low cutter and cutter, [email protected]; yearlings, excluded; good and choice beef, $6C'7; cutter to medium. $4.50®6.50; vealer.i, milk fed, good and choice, $11.50®13.75; medium, $9.50® 11.50; cull and common, [email protected]; stocker and feeder cattle, steers, 500-1,050 lbs., good and choice, $7 @8.75; common and medium, [email protected]. Sheep—Receipts, 27,000; fat lambs 15 to 25c lower; sneep weak; few native ewes and wether lambs, $8.25®8.50 to packers; top. $9 to city butchers; bulk, mostly $7.25 @7.50; rangers unsold. Slaughter sheep and lambs—Lambs, 90 lbs. down, good and choice, [email protected]: medium. $6.75@8.*:5; all weights, common, [email protected]: ewes, 90-150 lbs., medium to choice, $2.50®4.35; all weights, cull and common *l.5O@J; feeding lambs, 50-75 lbs., good and choice, [email protected]. B EAST srf^LOUIS. 111.. Sept. 16.—Hogs— Receipts, 10,500; market, 10®25c lower; 170-240 lbs., $10.65®10.80; top, *10.85; 290pounders at $10.60; 130-160 lbs.. $9.25® 10.50; pigs. $8.2509.25; sows. *[email protected]. Cat-tle-Receipts. 5,500; calves, receipts 2.000; market, vealers 25c higher at $13.50; medium bulls steady to 25c higher; top. $6; lower undertone on western steers; other classes steady: top steers, sl3. Sheep • Receipts, 1,800; market, asking steady: a few bids 25c lower; packers bidding sß® 8.25 for desirable lambs. n PITTSBURGH* Sept. 16—Hogs—Receipts, 1.000; holdovers 450; market steady to 5c lower: 180-260 lbs., $11.20® 11.25; 100140 lbs., $9.50®10.25; packing sows, *8.50 ®9. Cattle—Receipts. 15; market nominal. Calves—Receipts 100; better grade vealers *11@14; common to medium. s6® 10. Sheep—Receipts, 1.000: market about steady, Monday’s decline $1: desirable fat lambs. sß@9; common to medium, *s@7; aged wethers around $4.25. Bv United Press ... CLEVELAND, Sept. 18.—Hogs—Receipts. 1.200: holdover none, most steady; top. sll.lO on 170-250-lb. weights, 250-300 lbs., *10.75011; light lglhts and pigs. *9.50® 10 and above. Cattle —Receipts, 200, little change, Interests centering on medium to low; good. *8.50010.75: steers, low on plainer kinds, low cutter and medium cows. *2.50®5. Calves—Receipts. 500. active. 50c to *1: spots more higher; better grade vealers. *15015.50; few best. sl6. common and medium kinds around *11.50 @l4; few vealers. under $lO. Sheep—Receipts. 1.200: steady with Monday s close; spots. 25c or more under opening prices, bulk fat lamb.s *8.500 9: heavy buck lambs. *8; common to medium throwouts, $5.50® 7.50. Bji Times Special ..... LOUISVILLE, Ky., Sept. 16.—Hogs—Receipts, 800; market, 40c lower; 275 lbs. up, $9.85; 175-275 lbs., $10.50; 130-175 lbs., *8.70; 130 lbs down. *6.90; roughs, *6.40; stags. $5.80. Cattle—Receipts, 200; market, steady; prime heavy steers. $8.50010: heavy shipping steers. *708.50; medium and plain steers, $5.50@7; fat heifers, *5.50010; good to choice cows, *406; medium to good cows. *3.5004; cutters, s3® 3.50; canners. $202.75; bulls. $406; feeders. $5.5007.25; stockers. *[email protected]; cajf receipts. 300: market, $1 higher; choice, *9.50011; medium to good. *709; common to medium. *5®6.50. Sheep—Receipts. 200; market, steady; ewe and wether lambs, $7.50; buck lambs. 16J50: seconds. *404.50; clipped sheep, *2.50 0 3.50. Monday’s shipments—Cattle, 283; calves, 673; hogs, 143; sheep, 613. 811 United Press . _ CINCINNATI, 0., Sept. 16.—Hogs—Receipts, 3.981, Including 481 direct; heldover. 440; mostly 25c lower; 180-200-lb. averages. 35c lower: sows, steady to 25c lower; bulk better grade, 200-250-lb. averages, *10.90; nothing done on heavier weights; 180-200 lbs.. *10.66; 160-180 lbs.. *10.40; some to shippers. *10.50; 140-150 "bs.. mostly *9.75; sows, *84}8.50. Cattle— Receipts. 500; heldover, 265; calves, receipts, 300; better grade light weight steers and heifers, active, s.rong: odd lots, *10012; others mostly steady; some In between, $809.50; common material and heavy steers slow: cows and bulls steady; most beef cows, $4.75 05.75; bulk low cutters and cutters. $304.25; bulls, $6 down; vealers $1 higher: good to choice. sl2® 13.50; lower grades, $7012. Sheep—Receipts, 650; lambs, weak to 50c lower, or $508.50 on better grades, some held at $9; medium grade most:/ $6.50. some $7; common thror-outs, f.3J6; sheep steady fat awes, *2.so®*.

BELIEVE ITORNOT

Forsythe, mV 400 PENNIES ARE wr EQUAL ~fo *4 1 400 PENNIES SaUAUD- $ \(,00 4 DOLLARS SQUWEP=*I6 j a TURTLE. - ioft. zin long and weighing Than a billiard ball if reduced v 1500 LBS. WAS CAUGHT By THE UHDEN DROS o *' To THE SAME. SIZE. Cvuz, Col, ================== ■ ■ • •MS Idas P——W (. CM *■ tSSm nan*

CITY REALTORS RAP ‘KNOCKERS’ Board Opens Fight on 'Confidence Destroyers/ A fight on persons or groups attempting to destroy confidence in the ownership of Indianapolis real estate was begun today by the Indianapolis Real Estate Board in letters mailed to business men, bankers and large manufacturers. The letters were sent by the board at the direction of T. E Grinslade, president. It was pointed out in the letter that executives of some firms are advising employes “against the purchase of Indianapolis real estate.” “We feel that this attitude not only is unfair to us as merchants of real property, but also is unwarranted by the facts,” Mr. Grinslade said in the letter. “We know that real property today, intelligently bought, is a safe investment. We know that we, as individual realtors, can furnish the prospective investor with the intelligent information which will protect him against unwise real estate investments. “We base this knowledge not on emotion, but on serious study of statistics for Indianapolis, for Indiana and for the nation.”

In the Air Weather conditions at Mars Hill airport at 9 a. m.: Ceiling, 1,000 feet; sky overcast; visibiltiy, three miles; northwest wind, 11 miles an hour; temperature, 62; barometric pressure at sea level, 29.83; field good. Arrivals and Departures Mars Hill Airport—T. A. T. passengers westbound included C. E. Knepper, Indianapolis; eastbound passengers included N. H. Gillman and A. M. Ogle, both of Indianapolis; Embry-Riddle passengers to Chicago were Miss Ida Davies and P. P. Searle, Indianapolis; G. A. Brown, Kankakee, 111.; passengers to Cincinnati included C. P. Kisken and Floyd Snyder, both of Indianapolis; Lieutenant Matt G. Carpenter, Indiana national guard, Toledo, 0., to Stout field, Douglas plane. Hoosier Airport—Walker W. Winslow and Bob Shank, Hoosier airport president, Indianapolis to Delphi and return, Travel Air; Harry Boggs and Ned Bottoms, Muncle to Indianapolis, Air King. Capitol Airport—H. W. Newbolt, Peoria, 111., to Columbus, 0.. American Eagle plane; Charles T. Filloway, Davenport, la., to Troy, 0., Waco. Leaves for Australia By United Press CROYDEN, England, Sept. 16. Captain F. R. Matthews, the man who taught Amy Johnson to fly, left Croyden airdrome at 6:18 a. m. today in a “Puss” Moth airplane in an attempt to beat Bert Hinkler’s record on a solo flight to Australia. Hinkler made the flight of 12,000 miles in fifteen and one-half days in a flying time of 134 hours. GULPS PILL TO GET DRUNK; PAYS sls FINE Man Car; Become Intoxicated Without Drinking, Judge Rules. Bu United Press SANDUSKY, 0., Sept. 16.—Pills as the latest form of intoxicants were seen today in the ruling of Judge Claude J. Minor that a man may be intoxicated even though he he has partaken of no beverages. Arraigned on a charge of intoxication, Charles Le Neill, Toledo, evidenced that he had not been drinking just before an officer found him reclining on a curb stone. Rather, he had gulped a pill that produced a stimulating effect, he said. “A man can become Intoxicated without drinking,” Judge Minor retorted in Hhposing a #ls fine.

On request, sent with stamped addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.

Finding the Criminal When a Scotland Yard detective had the happy inspiration to use wireless for the first time in history in crime detection, the result was the apprehension on a vessel at sea of a famous criminal, Dr. Crippen, a murderer, on his way across the Atlantic to Canada with his girl secretary. This is one incident in a long line of clever applications of scientific methods in the detection of crime. You will be interested in reading about the outstanding men who in real life out-Sherlock the famous fictional Sherlock Holmes himself in running down crime. Our Washington bureau has a newly prepared bulletin on Great Detectives of Real Life that makes interesting reading. Fill out the coupon below and send for it, CLIP COUPON HERE History Editor, Washington Bureau, The Indianapolis Times, 1322 New York Avenue, Washington, D. C.: I want a copy of the bulletin, Greai Detectives of Real Life,” and inclose herewith 5 cents in coin or postage stamps to cover return postage and handling costs. Name St. and No City State I am a reader of The Indianapolis Times. (Code No.)

FINANCE GROUP NAMED •G. O. P. County Chief Appoints 55 As Campaign Collectors. A finance committee of fifty-five members has been appointed by Clyde E. Robinson, county chairman in an effort to collect the sinews of political campaigns which are so slow in coming into the coffers this year. A meeting of the Republican county candidates has been called for 4 p. m. this afternoon at county headquarters where the budget probtbly will be read to them and the assessments announced.

The City in Brief

WEDNESDAY EVENTS Sovereign Grand lodge session, I. O. O. F., Odd Fellow building, aU day. Indianapolis Association of Weights and Measures Inspectors convention, Xincoln, all day. Klwanis Club luncheon, Claypool. Mutual Insurance Association luncheon, Columbia Club. Lions Club luncheon, Lincoln. Purdue Alumni Association luncheon, Severln. mini Club luncheon, Board of Trade. National Girl Scout Training school, Lincoln. Plans for the convention of the National Association of College Presidents to be held in this city in January were made Monday at a conference of Indianapolis Protestant ministers at the Boy Scout reservation, northeast of the city. “Life Insurance The Economic Way of Life,” will be the address to be given by Earl E. Smith of Des Moines, la., educational director of the Equitable Life Insurance Company, of lowa, before the Kiwanis Club at a luncheon in the Riley room of the Claypool, Wednesday, Addressing the Indianapolis chapter, National Association of Cost Accountants at the Chamber of Commerce Wednesday night, Henry Holt, senior partner of Thomson & McKinnon, will speak on “Stock Bkikerage Accounting.’’ Eighty-five persons attended the opening session of the Indianapolis Bible institute, beginning its nineteenth year in Indiana i/niversity Dental College building on Monday night. Teachers for the Philippine islands will be hired here by Luther B. Bewley, director of education for the Philippines, who will be at the Severin for a few days from 8 to 11 a. m. and 3 to 5:30 p. m. J. L. Wayne 111 of the Indiana Bell Telephone Company, addressed the Universal Club at its luncheon in the Columbia Club today on “Television,” explaining its developments and technical features. Voluntary bankrutcy petition was filed in federal court today by Theo Hopkins for the Shelbyville Hardware Company, Shelbyville, Ind., listing liabilities of $12,935 and an undetermined liability as endorser a iaor*2*a*.?*a4 asset* of ,$16,556.

I4\; Registered O. E. JLP J i’atent Office RIPLEY

HOLD FIVE FOR BONDROBBERY Nearly Two Million Thefts Laid to Gang. By United Press NEW YORK, Sept. 16.—Accused of the theft of more than $1,000,000 in bonds from New York banks and brokers, five members of a gang were in the police lineup today. Appearing more like prosperous business men than thieves, the men were indignant at the scrutiny of police and detectives. They were Samuel Borden, 30, alleged leader of the ring; Harry Griffin, 51; Thomas Thompson, 46, and Mason Wilson, who said they were brokers, and Sydney Gottlieb, 30, who said he was a salesman. Assistant District Attorney Garrison says that three of the alleged gang have confessed, and that their confessions indicate that the total loot might be “as much as $2,000,000.” Garrison says the gang has committed bond robbery after bond robbery in recent months by waiting in shirtsleeves in bank and brokerage offices and receiving bond deliveries as authorized clerks. Building Permits John Shafer. Rarat’e, 2030 South Meridian, S3O. * R. J. Cassey. addition. 2229 East New York. $2,000. Oscar Barn, flue. 4919 North Meridian, *350. Oscar Smith, aarage. 219-21, Boulevard place. $250. R. F. McDeeny. addition. 540 North Oxford. *7OO. John R. Welch Company, srarage. 923-25 Coffey. S2OO.

Going to Travel /jj^ WHETHER you go to Cairo, South \ America, Florida, California or t around the world, there are many ' helpful things we can do m make your trip more enjoyable. is Our letters of credit and travelers’ checks will solve the money prob- "Gga lem. They provide funds that are , safe to carry and easy to cash. The fact that we are agents for all steamship lines—coupled with ou r years of experience—insures *to you advice and help in planning your winter tour that will free your mind of worry and permit you to enjoy your trip. Complete Details May Be Obtained From RICHARD A. KURTZ, Manager Travel Bureau. The Leading Travel Bureau of Indianapolis ftIJNION TRUST* 120 Efeuit Market Street RI ley 5341

SEPT. 16,1930

BUYING SENDS WHEAT HIGHER AT THECLOSE Much Spreading Evidenced in Light Trade; Corn Moves Up. Bu United press CHICAGO. Sept. 16—Scattered buying near the close of the session brought wheat prices up above their previous closing levels on the Board of Trade today. Spreading was in evidence with the buying of December and selling of May, and the buying of wheat and selling com. The market showed stubborn resistance to pressure despite the fact that Liverpool was very weak, alf deliveries there selling at new seasonal lows. Corn broke early, but rallied by buying by locals and in sympathy with wheat. Oats showed a firm undertone and prices were higher with a fair trade. Liverpool Weak At the close wheat was IT4 to 2% cents higher; corn was unchanged to 1% higher; and oats were IJ%1 J % to 2% ihgher. Provisions were firm. Liverpool was weak throughout the session and closed 1 to 1% lower. The Buenos Aires market was weak and American markets reacted to the bearishness of the foreign situation. A cessation of heavy buying on the Board of Trade followed a rally at mid-ses-sion, with the market remaining unsettled throughout the morning on the heavy Canadian report. Offerings were limited and the trade was not large. Shorts Cover The crop shortage acted as a bullish influence in keeping com prices up. Local operators began buying shortly after the market opened and short covering helped firm prices during the morning. December was a little tight on the Board of Trade and may was under scattered pressure. Light offerings coupled with commission house buying gave oats strength in the early trading in spite of the selling by some locals and the overnight longs. Operators here still were concerned with the wheat situation, but oats received more attention than it had Monday. . = Chicago Grain Table ; —Sept. 16WHEAT— Prev. Open. Hiqh. Low. Clom. close Sept.. .79% .82% .79.% .82% ,79V. Dec... .84% .86% .84% .87 .85 - Mar.. .88% .92 % .88% .90% .88% May.. .91% .95% .91% .93% .91% CORN Sept.. .90% .92% .90% .91% .91% Dec... .85% .88% .BS% .97% .86% Mar.. .86% .88% .88% .88 .87 May.. .88% .90% .87% .89% .89% OATS— Sept.. .37 .37% .37 .39% .36% Dec... .39% .41% .39% .40% .39% Mar.. .41% .43% .41% .43% .41% May.. .42% .44% .42% .44% .42% RYE— Sept.. .53% .54% .52% .54% .53% Dec... .58 .59% .57 .59 .58% Mar.. .62% .64% .61% .64 .62% May.. .64% .66% .64 .66 .68% LARD— Sept. 11.55 11.57 11.55 11.57 11.52 Oct.. 11.50 11.52 11.50 11.60 11.47 Dec.. 11.17 11.25 11.16 11.20 11.13 Jan.. 11.02 11.07 11.02 11.07 11.02 Feb 11.07 11.03 BELLIES— Sept 14.45 14 55 Btf Times Special CHICAGO. Sept. .18.—Carlots—Wheat, 90; corn. 208. and oits, 65.

Births Girls Grady and Evelyn Stephens, Methodist hospital. Kenneth and Lorrene Thorne, Methodist hospital. James and Dorothy Kakaveeos. 355 South Taft. Chedomlr and Anna Von Forester, 1338 West Twenty-sixth. Joe and Mary Bapt, 1040 Haugh. Allen and Bernice Hudson, £56% Lexington. Earl and Nelta Dickworth, St. Vincent's hospital. R. T. and Marie Hynes. Bt. Vincent’s hospital. Frank and Katherine Hoffmeier, St. Frances hospital. Albert and Julia Terry, city hospital. Albert and Ruth Medcalf, 936 Perk. Jewell and Dorothy Pounds, city hospital. Herman and Luella Skaggs, city hospital. Joseph and Romalne Kemerer, city hospital. Henry and Roberta Word, city hospital. Boys Geo-ge and Iva Oekerhausen, Methodist hospital. Wayne and Mildred Guthree, Methodist hospiti.l. Elbeit and Vera Brahann, 429 West Moreland. Louis and Ruth Oaley, city hospital. Wayne and Thelma Bohall. city hospital. Raymond and Pauline Lane, city hospital. William and Beryl Allman, city hospital. Wiliiam and Roberta Poindexter, city hospital. Deaths Mary Catherine Kingston. 80. 1536 South Harding, mitral insufficiency. Mary Agnes Glllasple. 64. 3331 Robson, septicaemia. Charles B. Wooslev. 29. city hospital, cerebrospinal meningitis. Horace Ronald Llneback. 1. Methodist hospital, broncho pneumonia. Ersie McConnell. 30. 1098 North Tibbs, lobar pneumonia. Elizabeth Woolgar. 64. 720 North Tremont. cerebral hemorrhage. Bessie Poppas. 5 mo., 4301 English, broncho pneumonia. Mary S. Brown. 25. 118 Herman, pulmonary tuberculosis. Jane Merritt 77. 2331 Hovey. cerebral hemorrhage. Anna Forestal. 67. city hospital, mitral ln Annafa l Acfams. 9 mo., Riley hospital, erysipelas,

J.F WILD INpSTVLNT CO North American Trust Shares A Fixed Trust 139 B. Market Llaeola M 4