Indianapolis Times, Volume 42, Number 113, Indianapolis, Marion County, 19 September 1930 — Page 25

SEPT. 19,1930.

BEARISH ATTACK DRIVES STOCKS TO NEW LOWS Decline in German Loan Is Used as Reason for Heavy Sales.

Average Stock Prices

Average of thirty industrials for Thuritiay was 234.18. off 3.66. Average of twenty rail* was 130.33, 63 .S3. Average of twenty utilities 86 18 ofT 133. Average of forty bonds was 97 33. up .03. B v United Press NEW YORK. Sept. 19.—Bears made a violent attack on the stock market today and brought prices down 1 to 4 points. Trading picked up. The German annuities loan dropped to anew low on the New York bond market at 8214, off 2Vs from the previous close and 9 point* from the high made in June at 91 Vi, after rumors circulated of political troubles m Germany. Steel Breaks The bearish element used this German -report as a club to frighten the trading element. Steel common broke to 164% from its opening of 166 %. it closed-last night at 167. Other leading industrials made new lows on the reaction. Resistance levels were broken without any perceptible support until shortly before noon. List Rallies Steel came back a point then and other leaders gave indications of a temporarily oversold condition. Vanadium rose a point and rallies were made by other speculative issues. Before the slight rally. J. J. Case had been depressed 6 points to 165; Worthington Pump. 4% to 1 n't; American Can, 2% to 123%; Westinghouse Electric, 4% to 143%; American Water Works, 4% to 93%, Electric Power and Light, 3% to 69%, and Standard Gas, 3% to 98. Sales to noon totaled 1,493,900 shares, against 662,000 shares for the corresponding period Thursday.

Bank Clearings

—Friday. Sept. IB—INDIAN ATOMS STATEMENT Clearing:, $ 3.029,000 00 Debits 6,838,000 00 NEW YORK STATEMENT Clearings $1,077,000,000 00 Balance 132,000,000 no Fril. Res, Bt. cr. Ba! 147,000,000.00 TREASURY STATEMENT Net, balance for Sept. 17. $ 289,658,364 64 Expenditures 12,125.028 07 Customs recks. mo t,6 date 18.892,001 42

New York Bank Stocks

—Sept. 18— Bid. Ask. America 97 99 Rank of United Sttaes 40 40 l i Bankers I.6ft 156 Brooklyn Trust 720 730 Centrai Hanover 3.02 356 Chase National 145 146 Chatham Phoenix Natl .. 107 109 Chemical ... 66 *4 67 y City National 160 161 1 2 Corn Exchange 17ft 177 Commercial 420 430 Continental .. 2A 29 Empire . 79 81 First. National 5.050 5,125 Guaranty 640 643 Irving'..’c. .......... 50 51% Manhattan <fc Cos U3'i 114 Manufacturers 87 83 New York Trust . 753 256 Public Ut ..... 105 10514 Chelsea. 34 37

Net Changes

Bv f’ttifed Press NEW YORK. Sept. 18.—Closing prices and net changes on principal stocks traded on the New York Stock Exchange today were as follows : Up- on American Can 126 V . . 3’* Amer and Foreign Power.. 69 5 ., .. 2V* American Telephone 214'a . 174l 7 4 Auburn 119 s‘i Bethlehem 87 7 1 Columbia Gas 63 4 ’4 Consolidated Gas 107 1 ■ Elec Power end Light. 72 s * . I*4 Fox Film tA * 48’s > General Electric 70H - - IJ4 General Motors .. 43 7 s „* International' Nickel 35 . . 7 4 l.oew’s. Inc, 77 ‘i ■ ■ }• National Power 46% In North American 103 : . 3"a Public Service v 92*4 ... l'i Standard Oil, New Jersey. 68 7 a ••• ;s Union Carbide *. United Corporation 3Ua . United Stateß Steel -167 ... 2> Vanadium ••• Warner Brothers Pictures. 29 1 * . . U Westliichousip Electric Mi-s .. 2 New York Curb Market - - . -Ret. 19— 11 30 11 30 Am Com Pwr A 19>j Fox Theater Pa Am Gas A: El. 127 Goldman Sachs. 18 Ark Oas .. . 9’, Insult Ut ... Ss’, Brazil F A: L. 35'. Mo Kan Pie... 13’ Can Marc .... 4*4 Nat. Xnv 13 Cities Serv . 28 Newm Min . . 85 Cord ...... 7t Noranda 22 s , Crocker * Wb. 17 Penroad 10 3 4 Dixie Gas .. 23% Shenandoah ... 10 Durant M0t...: B*4 Std of lnd 49 Elec Bond Sh.. T|H Ur Gas inewi. Fokker ] ■ H Un Lt & Pwr.. 38 Krd o°f f F?*-. ir 11 .... 32' * Chicago Stocks Opening (Bv James T. Hamill As Cos.) —Sept. 19Open Open Tel util . 2* iEler Household. 47’? Auburn Motors. Ift Instill Com . 55* a Bendix Avis .. .30'; Majestic House 35 Borg Warner... 27’: Marshall Fields 40*1 Cora Cffltpn 7’i Midland Unit, pf 44' 2 Conti Cheo c c 15’e Middlewest com 28 Chgo Corpn com 12’, Nat'l S’andard 29’, Chgo Corn pfd. 43’ U R Radio A* T 27 7 4 Chgo Securities 22 'Util A - lnd. corn 13’j Grigsby Grunow 7’iiUtil A: lnd pfd 22 7 s MANUFACTURERS WILL ENTERTAIN SALESMEN Week of Oct. 4-11 Is Set Aside for State Industrial Exposition. The week of Oct. 4-11 will be convention week for a number of Indianapolis manufacturing cohcems that are planning to bring in their distributors and salesmen during the first annual Indiana Industrial Exposition at the state fairground. The Bowes “Seal Fast." corporation, maker of automotive products, will hold a wholesale distributors' convention here Oct. 4-8 Forty automobiles, used by the distributors as sales equipment, will participate in the parade which will open,tile exposition, Saturday evening," Oct; 4. The cars will be decorated to typify the states from which they come. DARROW PRAISES PHIL 'More Power to la FoUette Dynasty," Says Chicago Attorney. B'i United /Teai MADISON. VV:s.. Sept 10.—Clarence Darrow. noted Chicago attorney, wished * more power to the La Toilette dynasty" today in a congratulatory message to Philip F La FoDatte. Republican nominee for Governor. “I only regret that your illustrious parents -did not have a larger family/ he added.

New York Stocks <By Thomson & McKinnon i ————-

—Sept. 19— Prev Railroad*— High. Low. 11 30. close. Atchison 21# 319 Ad Craft Line .. 138 Balt Ohio ...100 99% 93% 100 Chars A- Ohio. . 48% 48 48 48% Che 1 a Corn 63% Chi Grt War,t 10 10 C R I & P 93% D! L & W 113% Eri- 40% 41 Erie Ist pfd 56% Great Northern. 78% 78% 78% ... nilnOiS Central. .. ... 114% 114% Kan City So . 67% Lou & Nash 113 118 Minn S L % ... MK & T ... 40% 39 39% 33% Mo Pacific 65% . . Mo Pacific pfd 120 120 N Y Central 161 181% NY KH 4i H 106 Norfolk & West.23o 223% 229% .. , o & w 9% ... Pennsylvania ... 73 72% 72% 73 So Pacific 117% 117 Southern Ry 84 84% St Paul 14% 14% 14% 15 St Paul pfd. .. 22% 22% 22% 22% St L As 8 F 88% 88 88 % 88 Union Pacific . 216% 216% 2’% 2i% Wabash . ... 31% 32% V/ Maryland.... 23% 23% 2a 2 2a' 2 West Pacific 18 Equipments— Am Car & Fdv.. .. ... ... 48 Am Locomotive. .. ... .. 40 Am Steel Pd.... .. 38% Gen Am Tank.. 86% 86 86 87% General Elec .. 70% 69’% 69% 70' N Y Airbrake 40 Press Stl Car ... 7 Pullman 66 65% 65% 66 Westingh Ar B . 397a 38% 38% 39% Westlngh Elec ..146 145 145 147% Rubbers— Firestone • 20% 20% Fisk 1% 1% 1% 2 Goodrich 22% 22 22 22% Goodyear 53% 52% 52% 53% Kelly Sprgfld . . 32% 2% 3% U S Rubber 18% 18% 18% 18% Motors— Auburn 115 114 115 118% Cbrvsler 27% 27 27 27% Gardner 2% ... Graham Paige.. 5% 5% 5% 5% General Motors. 43% 43% 43% 43% Hudson . ■ 29% Hiipn 12% 12 12 12% Mack 57% 56 57 57% Nash 34 33% 33% 34 Packard 127a 12% 12% 12% Pierce-Arrow Reo 13% 12% 13% 13% Studebaker 31% 31 31% 31% Yellow Truck.. 20% 20% 20% .07a Motor Access— Am Bosch 30% Bendix Aviation 30% 30% 30% 31 Borg Warner ... 28 Briggs 18% 18 18% 18% Eaton - 23 Haves Body 6% 6% Honda J}., Motor Wheel , 22% Snarks-W 38% 18% Stewart Warner - 26 Tirakln R 011.... 68 67 68 68 Mining— Am Metals 28% 29 Am Smelt 64% 63% 63'* 64 a Anaconda Cop.. 44% 44% 44% 44% Cal & Hecla 12% 12% 12 * 12% Cal & Ariz 49 Cerro de Pasco ... ... 43 44 Dome Mines ..... . • •• *„ Freeport Texas.. 45 44% 45 40% Granby Corp ■ ■ 21% Great, Nor Ore 31; t • Howe Sound 29% 29% Int Nickel 21% 24% 24% .5 Inspiration 13% 14 Kennecot Cop .. 33% 33% 33% 34% Magma Cop .... 31% 31 31 31% Miami Copper ;• • }5 Nev Cons 13% 14% Texas Gul Sul... 58% 57% 5(% 58% U S Smelt 21% 20% 21% 20% Oils ~ Amerada 23% 24 Anv Republic •••., 16% Atl Refining . .. 32% 3274 3% 32% Barnsdall 22 .-% Houston ~ 72% i3% Ind Oil 24% 23% 23% 23V Indian Refining . 12% 12% !2% 13 Mex Seaboard... 23 227a 23 23% Mid Conti 23% 23% Pan-Amer <B> 53 3 Phillips 31% 32 4 Pure Oil }?% If.) Richfield 15% 15% Royal Dutch 48% Shell-Un 14% Simms Pt. 19% Sincla'r 20% 20% Standard of Cal 60% 0% 60% 60 4 Standard of N.l 69 68% 68% 68 Standard of N Y 30% 30% 30% 30% Texas Cos 51% 51% 51% Union Oil 39% Am*Roll"”Mils .. 45% 45% 45% 46% Bethlehem ..... 81 % 86% 86 a 81 /a Evers AM 71 69 71 73 Colo Fuel 47% Cruc Steel ‘■ s Lurilum iL* Midland 30 4 Newton 37% 3i% 37_ a Repub r& S. . 34% 34% 34% 35% IT c 166 2 Vanadium • 84*2 83*s Younffst SAc W 39 7 a 39 89 * 39 Tobaccos — 117 , Am Sumatra - ejAjJ Am Tob Anew 119% 118% 118% 119 7 Am Tob B new .122 121% 121% l|e a Con Cigars ~ 3r> General Cigar. ■■ jL? Q q s/ i£,&r*".*f‘ 6 8$ t| Reynolds Tob... 51% 51% 51 1 51 a Ftd Com Tob IJ Utilities— ~ Adams Exp 26% 26% -6 s -6% Am For Pwr . 69 68 68 a 69% Am Pwr &Li •• 82'b 81 1 8 81 s 84 s A T 6c T 213*2 211*2 213**2 214*2 Cq\ Gas 6c El ... 65 62* 2 62*? 63^ Com * Sou 13% 13% 13% 13% El Pwr A- Li ...71 70% 71 73 a Gen Gas A . 9% 9% fVa 9% Inti TAt T .... 41% 40% 41 41% Nctl Pwr A- LI. 46% 45% 46 46% No Amer Cos 104% 193% 104 103% Pac Gas * El . • • 59 nub Ser N .1 . 92 91 91 92% So C’l Edison 59 Btd G A- El . 100 r s 100% l n o% 101% United Coro ■ ~ 32% 33% tit Pwr A- L A 36% 36% 35% 36% Wert Union 170% Am*"ln"l Corp 35% 34 3 a 34% 35% rnt.l Mer M nfd 217a No Gm Llord 41% United Fruit ••• 84% 84% Foods— ~ Am Sug 51 51 2 Armour A 5% 5% Cal Pkg 63% Ten Dry *♦ Childs Cos 52 Ceoa Cda 184 184% Foods— .... Cont Baking A 29 29% Corn Prod ... 89% 89% Com Wheat ... ••2,, ’3 Gen Foods .... 56% 56% 56% 56'a Grand Union .. •••,, ■ i|j Kroger '29% 29% 29% 30 Net Biscuit ... 83% 83% 83% 84% rillsburg .. . 33% 33 33% ... Snfewav St. ... 72 70*8 Std Brands 20% *O% Ward Bkg 9 9% Cotv Inc • 1 < 16 ■ lambert Cos ... 93% 92% 92% 94% Lehn & Fink . . ■

Produce Markets

Ess (Country Runt—Loss off delivered In Indiansnolis. 24c; henerv quality No. 1 " 9 p'ou!trv ""i Buvtne Prlcsel—Hens, welshing 5 lb* or over. 20c: under 5 lbs., 18c: Leehorn hens. 14c: sDrlnsers. 4 lbs or over 21c or under 4 lbs. 19c. Leehorn snrineers. 17c: old cocks. 9(q,10c; ducks, full feather fat whites 9c: eeese 6c. These orices are for No 1 toD ouality quoted by Kinean 6c Cos. ... Buttor (wholesale) —No 1. 4@43c. No. 2. 40®41c. Butterfat— 41c. Cheese (wholesale selling once per pound)—American loat 31c: otmento loaf. 32c: Wisconsin firsts J7c: Lonehorns. 34c. New York Llmbereer 36c. Bu United Press NEW YORK. Sen' I*.— Flour—Dull and unchanged: sprlne pa t e nts $a @5 35. pork —Ouif*t mess. $32.50. Lard—Firm, middie west. spot. sl2 20® 12.30 Tallow- - Steadv. special to extra. s(i 5 .c._ Potatoes Weak, tone Island. $1.35®3.<5 barrel, Maine. $2.75®3.25 barrel, jersey. $1.25•? 3.25 basket. Sweet potatoes—Steadv; southern baskets. [email protected]* southern barr*!s. $1 30 (7 3 50. jersev basket. $1.75^*..25, Dressed poultrv—Steadv to 23®50c; chickens. 20 £ 40c: fowls. ISSSIc: ducks. 12 515.*: ducks. Lons Island. \>H 19c. Live poultrv—Steady to firm: eeese. 12 7 16c; ducks. 15®26c fowls. turkevs. 25®30c. roosters 14fi 15c; chickens. 20®30c. Cheese—Quiet and steadv: state whole milk, fancy to special. 24® 26c; youne Americas. 20b25c. Bn United Press CHICAGO. sept 19.—Eggs—Market steadv; receipts, 5.414 cases: extra firsts, 261-c, firsts. 25%c: current receipts. 23u 24c: ordinaries. 18®2te: seconds. 12318 c. Butter- Market .steady. receipts. 8.224 tubs, extras. 38%c. extra firsts. 37'53.%c: firsts. 34%®35%c: secotfds. 33%c: standards 38%c Poultry—Market steadv. receipts. 6 cars, fowls, general run 22%c: springers. 20%r: Leghorns. H%@lsc; ducks. 19c. geese 16c: turkevs. 18c: roosters. 15%c: broilers. 22c. Cheese Twins. 18®18%c; voung Americas. 19c. Potatpes—On track. 388. arrivals. 107: shipments 830. market dull: Minnesota sacked Irish cobblers. SIBO3 2: Minnesota sacked Fnrlv Chios $1.75® 1.90 Idaho sacked russets. $2.40 r'2.75, Wisconsin sacked Irish cobblers [email protected]. Hu United Press CLEVELAND. Sept 19—Butter—Extras, 38%c; Standards. 38%c. Eggs—Extras. 33c; firsts. 24%c. Poultry—Fowls. 25c. medium. 23c Leghorn. 14316 c: heavy broilers. 20® 22c’ Leghorn briers. 18®21c: ducks. 10 •(20c. old cocks. 14® 16c; geese. 20c. Potatoes—Ohio cobblers, $1.25® 1.35 per 60 lb. sack: Maine cobbler*, [email protected] per 120 lb. sack. Bu United Press CINCINNATI. 0.. Sept 18 —Butter steadv creamery in tut> lots according to score 36®39c; commoc score discounted. 2 3c. packing stock No. 1. 30c; No. -2. 25c. No. 3.15 c Eggs—Lower; cases included. (■■.•’■a firs's. 28c: firsts, 26c. seconds. %c. nearbv ungraded. 26c. Live Poultry—Thin and coarse st-ock sells only a* heavy discount: fowls 5 lbs. and ever 21';C. 4 lbs. and over. 21c; 3 lbs. and over, 19c. Leghorns. 3 lbs. and over 16c, roosters, 13c. colored fryers over 3 lbs . 24c. broilers colored over 2 lbs, 34c; broiler* over 1% lbs. 23c: 1% lbs and over, 23c. Leghorns apd Orpington broilers over l l * lbs.. 20c. 1% lbs. and over. 20c, broilers partly leathered 15418 c: roasting chtckenp 4 lbs. and over, 26c; black %ri.:-j*s, 16c, _

Industrials— Am Radiator .. 26% 2574 25% 26% Bush Term 33% Gen Asphalt 22% Otis Elev eg 68% Indus Cbems— Allied Chem ....257 263 253 269% Com Solv 25% 26 25 25% Union Carb 75 74% 74% 75 V 8 Ind Alco .. 71% 68% 68% ... Retail Stores— Assoc Drv Gds.. 34% 35 Gimbel Bros 11% 11% Kresge 8 8 31 30 % 30% 31 Mav D Store 43% Mont Ward 35% 347a 34% 35% Pennv J C 52% ... Schulte Ret St 7% 7% Sears Roe 69% 67% 67% 69% Woolworth 63% 61% 6374 65 Amusements— Bruns Bailee ... 16 Col Grah 16% 16% 167; 16% Eastman Kod ..211% 210 210 213 Fox Film A 48% 48% 48% 48% Grigsby Gru... 7E% 6% 6% 8 Loews Inc 75% 74 3 a 75 77% Pa ram Fam 53% 5* 7 a 5874 88% Radio Corp 38% 37% 37% 38% R-K-O 31% 3374 Bchubert 14% 14% 14% 15 Warner Bros .. 29% 28% 28% 29% Miscellaneous— Alrwav App. 16% Congoleum 11 1074 10% 11 Am Can 126% 124% 124% 1267', Cont Can 57% 56% 56% 57% Curtiss Wr 6% 6% 6% 6% Gillette 3 R... 64% 63% 63% 64% Real Silk. 46% 44% 4574 45% Ulen 22 %

AGED PRINCESS’ LOVEJRIUMPHS 73-Year-Old Royal Woman Weds Man, 43. B’/ United Press LONDON. Sept. 19.—The aged Princess Amadee Charlotte Constance De Broglie and Prince Louis Ferdinand D'Orleans-Bourbon, their love triumphing over all obstacles, were married at a London register office today. A secret ten-minute ceremony united the princess and the cousin of the king of Spain, whose efforts to marry on the continent were blocked by relatives. The princess is 73, wealthy and of one the oldest families in France. The prince is 41. Action was started recently in the French courts to prevent the marriage on the ground that the princess was incapable of managing her own affairs, and that there was too great disparity between the ages of the couple.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Sept. 19.—Production of goods at American factories and mines in July, according to the federal reserve board monthly bulletin, declined 23 per cent from that of the same month a year ago. While we have no official figures, competent economists have estimated. that consumption in a like period has declined approximately 10 per cent. This graphically shows what inroads are being made in stocks of goods in commercial channels. Undoubtedly consumption is now proceeding at a rate exceeding production. Possibly about the same degree of production exceeded consumption a year or more ago. The sizable increase in brokers’ loans, in view of the action of the stock market fpr the week covered, is somewhat of a surprise. In some quarters it is explained as a, result of increased borrowings on securities necessitated by income tax payments, Last March a similar development occurred. We are not inclined to accept the increase as evidence of distribution by outright holders. In fact, the large corporations report their stockholders’ lists continue to increase in numbers, indicating a steady demand for good stocks. We can attach no particular significance to the present hesitation in the stock market, and believe any further easiness in prices will prove temporary.

Indianapolis Stocks

—Sept. 19— Bid. AikAmer Central Life Ins 50..i.000 Belt R R & Yds Cos com... 50 55 Belt R R & S Yds Cos pfd 53 Bobbbs-Merrlll 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%..100 Hook Drug Cos com (new).... 22 Ind Hotel Cos Clay pool com.. 125 Indiana Hotel Cos pref 100 Indiana Service Corp pref.. 84% ... Indianapolis Gas Cos c0m.... 57% 62% Indpls North Westero Indpls Power & Lt pfd 105% 106% Indpls Pub Wey Loan As com. 53 Indpls St Rv Cos pfd 10 11 Indpls Water Cos pfd 100 103 Northern Ind Pub 6% co pfd.lol i02% Northern Ind Pub 7% co pfd. 108 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 i sundry Cos com 44 47 E. Rauh & Sons Fer Cos nfd.. 47 Rea! Silk Hosiery M Inc pfd.. 95 Shareholders Investors C 0.... 23 Standard Oil of Ind 48% ... T H I & E pfd Terre Haute Trac L Cos pfd.. 79 . . Union Title Cos com 35 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 Citizens Street Railroad 55... 42 45 Home I & T of Ft. Wayne 65.102 Ind Ry & Light Cos 5s 95 Indiana Service Corpn 5s 89 Indpls Power & Light, Cos 5s 101 103 Indpls Col & Trac Cos 6s 97 Indpls Gas Cos 5s 100 102 Indpls & Mart. Rapid T Co's 12 17 Indpls Northwestern Cos 9 Indpls Street Rv 4s 29 30 Indpls Trac Ter Cos ss. . - 78 83 Indpls Union Rv 6s 102 Indpls Water Cos 5%s 103% 105 Indpls Water Cos 5s 99% ... Indpls Water Cos lie & ref ... 99% .. Indpls Water 4%s 95 96 Indpls Water W Sec Cos 5s .. 9? Interstate Pub Serv Cos 4%s .. 91% ... Interstate Pub Per Cos 5s 98 •ntevstate Rub Serv 6%s 103 No Ind Pub Serv Cos 5s 103% No Ind Telephone Cos 65...... 98% iOO T H Ind & East Trac Cos 55.. 70 72% T H Trac Light Cos 5 85 —Sales— Indpls St. Ry Cos pfd. 10 shares at.... 10 Other Livestock LOUISVILLE. Kv . Sept. 19 -Hogs— Receipts. 500: m)-kei. s'eadv; 300 lbs. up, $lO. 200-300 lbs. $10.75. 175-200 lbs. $10.25; 130-175 lbs.. $8 75; t3O lbs. down, $6.90: roughs. $7.75; stags. $6.75. CattleReceipts. 200; market, steady; prime heavy steers. $8.50® 10: heavy shipping steers. s7@B 50: niedium and plain steers. $5.50'.i 7; 'at he'fer $5.50@10; good to chotce cows. $44 G: medium to good cows. $3.50® 4 riUJ.'rs. $3®3.50. cancers. [email protected]; bulls, s-t). 6: feeders. $5.30® 7.25: stockers. s4®6 25: calf receipts. 400; market, 50c low-r. choice. $8®9.50: medium to good. $5.50® 7.50: common to medium. $3.50® 5.50. Sheep—Receipts. 200. market, steadv; ewe and wether lambs. $7.50: buck lambs, $6.50: seconds. $4®4.50; clipped sheep, $2.50®3.50. Thursday's shipments—Cattle. 24; calves, 406; hegs, none; sheep, none. FT. WAYNE. Ind.. Sept. 19 —Hogs—Market. steadv to 15c. lower; 110 lbs. down. $8.25: 110-120 lbs.. $8.50; 120-130 lbs.. $8.75; 130-140 lbs . $9.35: 140-150 lbs.. $9.60, 150-160 lbs.. $9.85: 160-180 lbs . $10.20; 180200 lbs. $10.35: 200-225 lbs.. $10.50 : 225250 lbs.. $10.60 : 250-300 lbs . *lO 70 : 30035 lbs. $%45. roughs. $8; stags. $6; calves. $11.50. lambs. *7.

Local Wagon Wheat

City grain elevators are paying 79c for No. 1 red wheat and 76c for No. 1 hard wheat. NEW YORK COFFEE RANGE —Sept. 18— „ High. Low. Close. March 6 05 5.99 6.00 Mav 5 90 5.85 5.90 September 6.53 ... 6.52 Ettccmlxr ------ T Mi .M - 4AS

THE INDIANAPOLIS TIMES

WEAKER TREND AGAIN FEATURES PORKERMARKET Demand for Cattle Dull: Prices Lower; Sheep Hold Steady. Sept. Bulk. * Top. Receipts. 12. 10.85611.5 11.15 5.000 13. 10.75® 10.05 11.10 2.500 15. 10.65® 10.95 1100 6.000 16. 10.45®10.75 10.85 6.000 17. 10.60® 10.90 11.00 4,000 18. 10.50® 10.90 10 PO .5,500 19. 10.40® 10.80 10.90 6,000 A drop of 10 cents, in keeping with recent declines in the hog market, was the feature of today’s pork prices at the Union stockyards. The bulk, 160 to 300 pounds, sold for $10.40 to SIO.BO, top price paid $10.90. Receipts for the day were estimated at 6,000. Holdovers were 1,684. In the cattle market inquiries were limited for all classes except at sacrifice price;;. Receipts were 400. Vealers were 50 cents lower, selling at $11.50 down. Calf receipts were 600. Sheep were steady, good and choice lambs selling at $7 to SB. Top $8.50. Receipts wefe 800. Chicago hog receipts were 15,000, including 5,000 direct. Holdovers were 5,000. The market opened slow with a few sales and steady to strong with Thursday’s average. Few loads of choice 180 to 220pound averages sold at $10.75 to $10.90; sll bid for choice 240-pound weights. Cattle receipts were 1,000. the market steady. Sheep were steady, receipts 17,000.

HOGS Receipts. 8,00; market, lower. —Light Lights—-(l4o-160) Good and choice ..$9.75310.00 —Light Weights—-(l6o-180) Good and choice... 10.40 (160-200) Good and choice... 10.50310.60 —Medium Weights—-(2oo-220) Good and choice... 10.60®10.70 (220-500) Good and choice.. 10.7031(5.75 —Heavy Weights—-(2so-3501 Good and choice... 10.75®10.90 (290-350) Good and choice... 10.40®10.75 —Packing Sows—-(27s-500) Medium and good.. B.oo® 9.25 (100-130) Good and choice... 8.75@ 9.25 CATTLE (Slaughter Class) Receipts, 400; market, steady.’ —Steers—- , (600-1.100) Good and choice $10.50® 12.75 Common and medium [email protected] (1.100-1,500) Good and choice [email protected] Medium [email protected] —Heifers—-(sso-850) Good and choice IO.OC® 12.50 Common and,medium [email protected] Good and choice 5.75® 7.50 Common and medium 4.2 1€ 5.75 Low cutters and cutters.... 2.50® 4.25 —Bulls fvearlings excluded) Good and choice beef 5.504 7.00 Cutter, common and medium.. 3.75® 5.50 CALVES AND VEALERS Receipts. 600; market, lower. Good and choice [email protected] Medium [email protected] Cull and common 5.00@ 7.50 —Calves—-(2so-300) Good and choice 8.00(5,10.50 Common and medium 5.00® 8.00 STOCKER AND FEEDER STEERS (500-600) Good and choice 5.50@ 7.50 Common and medium 3.75@ 5.50 (800-1,050) Good and choice 5.50® 7.50 Common and medium 3.50® 5.50 SHEEP AND LAMBS Receipts. 800; market, steady. Good and choice $ 7.00® 8.50 Common and medium ........ 4.003 7.00 —Ewes— Medium and choice 3.50® 4.00 Cull and common I.oo® 2.50 Other Livestock Bu United Press CHICAGO. Sept. 19.—Hogs—Receipts. 15.000; including 6.000. direct: moderately active; mostly steady; bulk strong to 10c higher on 180-200-lb. weights; top. $11: bulk 200-310-10. weights. [email protected]: 160-200-lb. weights. [email protected]: packing sows. [email protected]; light lights. 140-160 lbs., good and choice. $9.35® 10.50; light weights. 160-200 lbs., good and choice, $10.25010.85: medium weights. 200-250 lbs., good and choice. $10.65@11; heavy weights, 250-350 lbs., good and choice. $10.15@ll; packing sows. 275-500 lbs., medium and good. $7.85 @9.50; slaughter pigs. 100-130 lbs., good and choice. $8.2539.35. Cattle—Receipts, 1.000; calves, 1.000; general market on catch-as- ;atch can basis; steady at recent sharp decane: best steers, $11.25, with sprinkling e s [email protected]; most sales. $7.75 @9.65; all interests buying a few fat cows and grass heifers at $4.50®6 and [email protected], respectively; slaughter cattle and vealers. steers. 600-900 lbs., good and choice. $10.50 @12.75; 9<'o-1.100 lbs., good and choice. $9.75312.50: 1.100-1.300 lbs., good and choice. $9.25<5T2.25: 1.300-1,500 lbs., good and choice. $9311.75; 60<L-1.300 lbs., common and medium. [email protected]; heifers. 550-850 lbs. good and choice. $9.50312.20: comon and medium, [email protected]; cows, good and choice. [email protected]; common and medium. $435; low cutter and cutter cows. s3@4; bulls, yearlings excluded, good and choice, beef. $5.7536.75; cutter to medium. s4® 5.75: vealers. milk fed, good and choice. $10.75® 13: medium. $9310.75: cull and common. $7.50@9: stocker and feeder cattle, steers. 500-1,050 lbs., good and choice, $7.25@9: common and medium. $5.25® 7.25. Sheep—Receipts. 17.000: market generally steadv; native ewe and wether lambs, $838.25: bucks. [email protected]; throwouts. $535.75; rangers unsold; good feeders at $6.75; slaughter sheep and lambs, lambs 90 lbs. down, good and choice. [email protected]: medium [email protected]: all weights, common. [email protected]: eews. 90-150 lbs., medium to choice. $2.5034.25; all weights, cull and common. $1.50@3; feeding lambs, 50-75 lbs., good and choice. [email protected]. Bu United Fress TOLEDO. Sept, 19.—Hogs—Receipts, 250; market steady: heavies. $10.50310.75: mediums [email protected]; yorkers. [email protected]; pigs, [email protected]. Cattle—Receipts. 200; market, stesdy. Calves—Receipts. 200. market, steady. Sheep—Receipts, light: market steady. Bu United press CINCINNATI. O, Sept 19.—Hogs—Receipts 3,300; including 800 direct; held over, 435; slow; mostly steady on weights 200 lbs. up; lighter weights weak to 25c lower; sows, steady to weak: spots 25c lower; bulk better grade, 200-250 lbs., $11; practically no heavier weights here; 160170 lbs. under weights, [email protected]; 170-190 lbs, $10.25310.65; 140-140 lbs, $9.75; some 130 lbs, $9.50; sows, $8.50@9 Cattle— Receipts. 500; calves. 350; slow about steady; few better grade light steers and heifers, [email protected]; lower grades. [email protected]; most cows. $4.75 3 5.75, bulk low cutters and cutters. s3@4; bulls, $6 down; vealers. steady to 50c lower than Thursday's average; bulk good and choice. $!1@12: low-pr grades, [email protected]. Sheep—Receipts, 600; better grade lambs, steady to strong, spots 25c higher: mostly [email protected]; few choice train lambs, $8.75; lower grades and sheep steady; medium lambs. [email protected], common throwouts, [email protected]; fat ewes. $2 50@4: culls downward to sl. Bu United Press EAST ST. LOUIS. HI . Sept, 19 Hogs— Receipts.- 6.500. market, slow, steady to 10c higher than Thursday's average; most bidding and few early sales 170-220 lbs, $10.60® 10.75: early ton. $lO 75: lew 150-160 lbs, $10,[email protected]; packing sows mostly, $3 @8.75. Cattle—Receipts. 800. Cahes—Receipts. 600. market, vealers. 25c higher at $11.50: medium bulls, $5.25 down, other classes generally steady with Thursday; practically no steers on sale. Sheep—Receipts, 2.500; market, steady, bulk fat lambs to packers. $7.7538. top to city butchers. $8.25; throwouts mostly, $4.50. fat. ewes. $2.5033.50. Bu United press PITTSBURGH. Sept 19 —Hogs—Recents. 1.650; market strong t . 15c higher. 180240 lb;,. $131115; 150-180 lbs,' $10.50® 11: 240-280 lbi, 510.753 11. 100-140 lbs, $9.50® 10; good sows, $8.50®8.75. Cattle— Rere pts. 20. market, unchanged, calves— Receipts. 300: market, weak and low*r; desirable vealers, $10317. Sheep—Receip's. 1,200; market, about steadv: bulk good fat lambs. $7.7538.50. Bu United Press CLEVELAND. Sept, '9.—Hogs—Receipts. 1.100; holdovers 128; mvstly. steady: light lights and pigs. 25359 c higher. 180-250 lbs, $10.85; 160-180 Ibo, $10.60: bulk pigs. $lO. Cattle —Receipt*. 373. draggv. weak to 25c lower again en common and cutter steers, around 25@50c under Monday s scattering. ssf?B: load lots. $7.40: cows and bulls fairly steady Calves—Receipts. 400; vealers weak To 50c lower, better grades, $14@15; few strictly choice. 15.50; common and medium. $10313. culls downward to $9 and under Sheep—Receipts. 600; lambs strong to mostly 25c higher, spots up more, good and choice quotable. SB@ 8.75: few best, $9; common and medium. $537: shew steady. Bu United Press EAST BUFFALO. N. Y, Sept.* 19.—Hogs Receipts. 2.600; holdovers. 400; fairly active. mostly to packers, generally steady to strong: 180-230 lbs . ill 25; 170 lbs, $1115; 140-160 lbs, sloso@ll. 140 lbs. down, [email protected], packing sows. $8 3539. Cattle—Receipts. 200; holdovers. 250; grass steers and heifers slow, bulk unsold: good yearlings. $1125; grass heifers, $7.35; cutter cows, 52.75@4 Calves—Receipts. 350; vealers. 50c lower; sl4 down. Sheep —Receipts. 1.800: lambs steadv to strong; ouality and sorts considered; good to £boi<;f $8.50; medium, $150; throwouts 0606.50. . _ |

Dow-Jones Summary

LONDON—Copper Exporters. Inc, has reduced price of export copper % cent to 10.80 c. 1. f. Hamburg. London and Havre. LONDON—New York cables opened at 4.8*1-16 against 4.86 5-32. Parts checks 123.68. Amsterdam 12.063. Italy 93.83. Berlin 30.395. American Power and Light Company and subsidiaries twelve months ended June 30. net, income $18,879,608 after taxes, depreciation. interest, subsidiaries preferred dividends. minorit’- interest, etc, against $18,720,960 in preceding twelve months. Louisiana Oil Refrigeration Corporation declared regular quarterly dividend of 51.62% on preferred, payable Nov. 15. record Nov. 1. Columbia Oil and Gasoline Corporation affiliated with, Columbia Gas and Electric acquires equal interest with Missouri-Kan-sas Pipe Line in Panhandle Eastern Pipe Line Company. National City Company to underwrite bonds in connection with further financial requirements of Panhandle Eastern. Second Kelly-Springfleld Tire Company receivership application dismissed in federal court at Newark. Federal Water Service Corporation and subsidiaries year ended July 31. cons net income, $3,111,737 after depreciation, taxes, etc, against $3,020,688 In preceding week. Coffee defense convention adjourns In Brazil after delegates extend marketing agreement to June 30, 1931. North Carolina supreme court rules state's SSO tax chain stores constitutional. Dally average volume of federal reserve bank credit outstanding during week ended Sept 17. was $1,008,000,000, a decrease of $21,000,000 from preceding week and $436,000,000 below like 1929 week. Loans on securities by reporting member banks in New York City $3,541,000,000 against 53.523.000,000 a. week ago. All other loans $2,429,000,000 against $2,409,000,000. Total loans $970,000 000 against $5,933,000,000. Freeport Texas Company declared regular ouarterly dividend of $1 company's domestic sulphur sales for first nine months of fiscal year ending Nov. 30. exceeded like 1929 period which was best in company's history. Mid Continent Pet Corp. declared regular quarterly' dividend of 50 cents. Brokers loans increase $79,006,000 in week to $3,222,000,000. Federal reserve system ratio at 81.6 per cent, against 81.3 per cent week ago and 73.8 per cent year ago. New Y'ork ratio 84.5 per cent against 85.2 per cent and 76. per cept respectively. Corron & Reynolds Corp. declared regular quarterly dividend of $1.50 on S6 common preferred series A. Harry F Sinclair in Berlin says he has virtually decided to enter oil producing field in Germany. September bulletin of federal reserve board states number of factory mine and railroad employes decreased by 1.500.000 or 14 per cent in year ended July 31. 1930. Factory and mine production in July was 23 per cent below same month last year when output was near its highest level.

STUDENTS ORDERED TO WEAR COATS; REVOLT Hundred Men at Swarthmore Balk at Dean’s EdictBu United Press SWARTHMORE. Pa., Sept. 19. One hundred men students of Swarthmore college revolted Thursday against an order requiring them to wear coats in the college dining room. The order was issued by Dean Allan C. Valentine without being submitted to the student council. It was to have gone into effect at luncheon. The 100 students, minus coats, entered the hall and took their places at table. About fifty other students, wearing coats and 150 co-eds were in the hall. Dean Valentine entered the room, walked to each offender, tapping him on the shoulder and pointing towards the door. The 100 left and reappeared shortly, some wearing Tuxedo coatsi, some in full dress coats, and some in sweaters.

BRICK HOUSE IS STOLEN Woman Returns to Find Building Has Been Wrecked, Sold. B,u Times Special MONTREAL, Sept. 19.—A new crime—that of house-stealing— was entered today in a magistrate's court here. Miss B. Mignault, owner of a onestory brick structure on Rivard street, complained that when she returned after a visit out of the city this summer, she found the building had been demolished and the WTeckage sold. Armand Migna-c, a laborer charged with theft of the house, entered denial. •

Building Permits Mrs. P. Maar. excavation and repairing. 3041 Sutherland. SI.BOO. John Leer Company, new floor, 241 Georgia. $350. American Can Company, garage. 1936 South East, S9OO. Daniel Hutchison, addition. 960 Eastern. $320. , , J. S. Carr, garage. 910 North Oakland. S3OO. Vincent Mansfield. 37. Spencer. $225. R, J. Terry, dwelling and garage. 5644 Central. $6,300. W. R Todd, garage. 5001 Winthrop, $285. Miss Maetk. garage and shed. 914 West New York. S2OO. Miss M McFarland, alterations and repairs. 1436 Pleasant. SI,OOO. Progressive Spiritualist church, reroof, southeast corner Park and St. Clwlr, $250. R, McCaulev. addition. 1405 North Volnev. S3OO. W. A. Rollings, reroof. 1750 Olive. SIOO. T. P. Pempleton. new foundation. 5121 North New Jersev. S3OO. J. R. Welch & Son. garage. 1207 North La Salle. S2OO. Sam Phillips, addition. 315 California. S6O Blue Diamond Coal Company, garage, rear of 55 South Forest. SI,OOO. Blue Diamond Coal Company, office. 55 South Forest. $2,000. -

Cities Service Securities HENRY L. DOHERTY & CO. R. S. NORDYKE, Mgr,, Local Office 705 Fletcher Savings & Trust Bldg. Fhons Lincoln 7566-7562

FLETCHER AMERICAN COMPANY Affi’isteJ with The Fletcher American National Bank INDIANAPOLIS Investment Securities

LOWER CABLES SEND FUTURES TRADIMDOWN Increased Russian Offerings at Liverpool Cause Wheat Slump. Bu United Press CHICAGO, Sept. 19.- W heat opened lower on the Board of Trade this morning on the unexpected weakness at Liverpool. All months showing losses in the major fractions or higher. Corn was lower in sympathy with wheat, but slightly stronger. Oats were lower in the fractions. At the opening, wheat was % to I%c lower; corn was %to %c down, and oats were off 3 k to %c. Provisions were weak and a few points Jower. Liverpool was off at the opening this morning on the increased Russian offerings which brought more buyers to the market, and left that market much weaker than was expected. The belief prevailed at Chicago that the short covering in wheat during the past three days has weakened the technical position of the market, and that wheat could not stand the continued hedging pressure. The.grain stabilization corporation has not ground any wheat for use as feed in the drought-stricken areas, and will not unload any of its 60,000,000 bushel holdings on the market at this time, according to the president, George S. Miinor. Operators in com said that that grain was in a position to respond to either buying or selling. It is believed that crop figures will be considerably reduced after the husking season. Oats had a stronger tone at opening today, mainly on the good cash demand. A rise in that grain is predicted with the coming of cold weather.

Chicago Grain Table —Sept. 13WHEAT— Prev. High. Low. 11:00. close. Dec 85% .85% .85% .86% Mar 89% .89% .89% .90% May 92% .92 .92 .93% CORN— Dec 86% .86 .86 .87 Mar 37% .87% .87% .88% May 89% .83 .89 .90% OATSDec 40% .40% .40% .41 Mar .42% .42% .42% .42% May 43% .43% .43% .44 RYE— Dec 57% .57% .57% .58% Mar 62% .62% .62% .63% May 64% .64% .64 s , a .65% LARD—OCt 11.65 11.70 Dec 11.37 11.22 11.22 11.45 B.u Times Special CHICAGO, sept. 19.—Carlots: Wheat, 15; corn. 127: oats. 37. and barley. 13.

BROOKHART PREDICTS PROGRESSIVES GAIN Increase in Bloc Forecast Based on Primary Results. Bu United Press WASHINGTON, Sept. 19. A stronger “progressive” group in the next senate was forecast today by Senator Mark W. Brookhart (Rep., la.), on the basis of recent primary results and election prospects. Brookhart predicted re-election of all of the present progressive group, with one possible exception, pointing out every member of the bloc was nominated. The possible exception is Senator Pine (Rep., Okla.), but his Democratic opponent, former Senator Gore, frequently would be found voting with the progr -jives, it is believed here. WANTS FUND INCREASE Ludlow to Offer Bill Calling for More Beds in Veterans’ Hospital. A bill calling for an additional appropriation of $1,500,000 to increase the proposed Indiana veterans’ hospital from 150 to 500 beds will be introduced by Representative Louis Ludlow when congress convenes in December. Ludlow announced his intention of seeking to increase the size of the hospital, to be built on the present Coffin golf course, at the meeting of Service post, No. 128, American Legion, Thursday night in Lawrence township high school. Marriage Licenses Ernest. E. Quick. 23. of 5750 North New Jersev. stenographer, and Louise H. Hutford, 19, of 5250 North New Jersey, student. Theodore M. Watson. 21. Noblesvllle. bookkeeper, and Georgia R. Garrett. 18. of 822 Lexington. Henry L. Martin. 55. Danville. 111., engineer. and LolUc Kinnel, 55. of 1923 North Meridian. Ralph O. Cameron. 34. of 25i I Ashland, clerk, and Goldie E. Terbune. 32. of 945 East Market, nurse. Earl T. Russell. 26. of 908 East Seventeenth. clerk, and Margaret E. Stephens. 19. of 1935 Ruckle, clerk. Jesse E. Sigman, 48. Castleton. contractor. and Nellie Craig. 47. Castleton. Eddie Kinison. 24. of 1534 Yandes. laborer. and Mary Koontz, 17. of 1926 Cornell. Lawrence C. Johnson. 29. Ft Benjamin Harrison, soldier, and Marguerite Freeman. 20. Ft. Benjamin Harrison.

The City in Brief

SATURDAY EVENTS B* Thrta PI luncheon, Board of Trade. Sijma Alpha Epsilon luncheon. Chamber of Commerce. Five hundred boys of the English Avenue Boys’ Club will be guests of the Circle theater at special performance of “Animal Crackers’’ at 10:30 Saturday morning. G. M. Williams, president of Marmon Motor Car Company, has been renominated as vice-president for Indiana of the National Association of Manufacturers. John R. Kingan of Kingan & Cos. is a member of the nominating committee. Cancellation of a Republican rally scheduled for Thursday afternoon at. Walnut Gardens was made necessary because of the inability of several speakers to attend, according to Howard Meyers, chairman of the speakers’ bureau. Twelve candidates spoke at the meeting of the Progressive Democratic Club, which met Thursday night at the re, denee of Isaac Sims, 1652 Ma hndale avenue. Chester Ridley pi ided. Charles Steger h v been named assistant to Albert S mp, in charge of the Democratic county committee’s speakers’ bureau. The appointment was made by H. Nathan Swaim, county chairman. Lulu Howard, 2, Negro, 2744 Columbia avenue, was in city hospital today, in a serious condition from effects of poison she swallowed accidentally In her home Thursday. Starting Oct- 20 and six Monday nights thereafter a school for scoutmasters of the Boy Scouts will be held in First Presbyterian church, Sixteenth and Delaware streets. Republican candidates met this afternoon to discuss their speaking campaign. Meetings will be held every Friday afternoon in county headquarters, Inland building, Wayne Emmelman, committee secretary, announced. Proposal to drill another water well at municipal airport was declined today by the city works board. James W. Hensley, who drilled the present well to 513 feet feet to obtain forty gallons of water a minute, preseted the suggestion for another well. E. Curtis White, Democratic candidate for state representative, was the principal speaker at a Fifth ward meeting at the home of Mrs. Ida Kinney, 923 Paca street, Thursday night. Frank P. Baker, Democratic candidate for criminal court judge, and John F. White, state legislature candidate, will be the principal speakers at a Tenth ward Democratic rally at the home of Robert Sloan, 2425 Shelby street, tonight. Sloan is candidate for county assessor. William A. Brown, 1517 West Pruitt street, was named president of the new Riverside Democratic Club at a meeting at 1222 West Eighteenth street, Thursday night. Births Girls Arthur and Mary Bonder. 946 South Senate. Clarence and Georgia Anderson. 1737 Thaddeus. Eddio and Grace Mclntire. 2848 Northwestern. Frank and Elizabeth Dress. 242 South Leeds. George and Mabel Cashman. Coleman hospital. Raymond and Dorothy Vewter. Coleman hospital. Lewis and Mary Witten, Coleman hospital. Boys Orville and Pearl Thomas, 812 South Belmont. Oren and Fern Chastain. 1739 Wade. William and Ulvica Schaller. 1718 Milburn. Paul and Lola Cadle. 1347 West Twentyeighth. Leonard and Mary Coffey, 2871 North Dearborn. Owen and Cora Hawkins. 1314 Finley. Vester and Mamie Cunninghan. Coleman hospital. Eli and Annie Dwigans. Coleman hospital. Clyde and Delma Earl. Coleman hospital. Ralph and Louise Ungeman. Coleman hospital. Deaths Milton Preston. 80. city hospital, accidental. Joseph Mabey. 79, 423 West Forty-sixth, cardio vascular renal disease. Alexander Thomson. 88. 2009 West Washigton. chronic myocarditis. Willie Hammonds. 26. 1143 Roosevelt, acute cardiac dilatation Susie White. 68. 649 Bright, hemoplegia. Sarah Hogan. 65. 2610 North Capitol, accidental.

Terre Haute, Indianapolis & Eastern Traction Cos. WEEK-END RATES Every Saturday and Sunday One-Way Fare Plus Ten Cents Rcund Trip Lafayette $2.0.1 Terre Haute ...$2.22 Richmond $2.15 Lebanon 93 Brazil 1.75 Cambridge City. 1.69 Frankfort 1.43 Greencastte .... 1.27 Knightstown ... 1.12 DAYTON, O $3.30 Springfield, 0...54.05 COLUMBUS, O. $5.30 Tickets good going all day Saturday and Sunday. Good returning all trains up to and including Monday following date of sale. Call information for time of trains and fares to other points not shown above, Riley 4501.

Fast Dispatch and Delivery of Freight Shipments i Via Terre Haute, Indianapolis & Eastern Traction Cos. to Terre Haute Lafayette Richmond Crawfordsville Brazii nL Frankfort Newcastle Martinsville Greencastle Lebanon Cambridge City Danville Over Night Delivery to Dayton, Ohio; Springfield, Cincinnati, Columbus, 0. L, C'. L. shipments loaded in through cars for all above points, eliminating transfer at junction points. ROUTE YOUR SHIPMENTS VIA RELIABLE ELECTRIC LINE CARRIERS

PAGE 25

IMPROVEMENTS NOTED IN CORN CROP CONDITION Government Weather Report Shows Benefit of Recent Rains. Bu Untied Pr^s* WASHINGTON. Sept. 19.—'Tha weekly weather report issued by the United States Department of Agriculture today said: “Rainfall of one to above three inches was general over the cotton belt except in some sections with temperatures above normal. There was considerable interruption to picking in the central states of the belt, but fair progress was reported in most sections.” “Corn, with additional showers some late corn in the northern portion of the main producing area shows further improvement. The crop is-maturing rapidly and much is now out of frost danger in northern sections, with cutting in progress. Half Crop Saved “In lowa the state of maturity ranges from about four-fifths safe in the north, to one-half in the south, while more than half is now safe in northern Illinois. ‘Crop reports of the Department of Agriculture as of Sept, show that during the months of July and August this year there was, because of the prevailing drought, a loss in the prospective corn crop of about 820,000,100 bushels with 527,600,000 of this total loss accounted for in an area comprising the second Important com itates of Kentucky. Ohio, Indiana, lowa, Illinois and Kansas.” “In these seven states the average deficiency in rainfall for the two months was 3.35 inches, which makes for each inch deficiency in rainfall a corresponding loss in the com crop of 147,500,000 bushels. Rainfall Lacking “In these seven states the preliminary estimate of corn acreage was 43,464,000 acres, which makes on the average a deficiency of one inch in rainfall correspond to a loss of 3.63 bushels of corn per acre. ‘‘ln actual water equivalents the deficiency in the rainfall in these two months amounted to 3.78 tons of water on the average for each acre of com in the area of the seven states, or thirty-one tons for each bushel reduction in prospective yield from July 1 to Sept. 1. “The ground remained generally too dry to plow in the middle Atlantic states and eastern Ohio valley, but in the central parts of the latter area good rains were received and plowing and seeding were favored. Ground is in good condition also in the southwest and in the great plains, except that it still is too hot and dry in much of Texas.”

Moodv’s Composite Portfolio Rating ‘A' Corporate Trust Shares have a definite place in your Investments BECAUSE they give you an ownership interest in the common stocks of 28 giants of American industry. —because they combine the security of diversification with the profits of prime common stocks. —because they have made the highest total dist'ibutions per share of all comparable fixed trusts—s3.2B for the 18 months ending June, 1910. Price at market ab ut $8.12 per share Breed, Elliott & Harrison Established 1912 109 N. Pennsylvania St. STREET FLOOR Indianapolis