Indianapolis Times, Volume 42, Number 130, Indianapolis, Marion County, 9 October 1930 — Page 14

PAGE 14

STEADY TREND HOLDS IN CITY PORKER TRADE Little Interest Displayed in Steers; Sheep Weak to Lower. Oct 1. ' $9 50010.00 *10.15 5 500 3 9 751*10.25 10.00 4.000 j’ 9 901210.40 10.40 5,000 <] 10.004(10.40 10.40 3.500 . 10.1001055 10.5a • 5.000 * 10.10010.50 10.50 5.000 t. 10:10®10.50 10 50 6.500 A generally steady tone held sway throughout the livestock market at the Union stockyards today. Hogs were unchanged with the bulk, 160 to 300 pounds, selling at $lO.lO to $10.30. Early top remained at the *10.50 figure. Receipts were estimated at 6,500; holdovers were 166. Little interest was displayed in the stale steer supply, she stock holding fully steady. Receipts in the cattle market were 900. Vealers sold steady at $12.50 down. Calf receipts numbered 800. Lambs were slow with a weak to lower trend. The bulk of good and choice sold at $8 to $9. Top price was $9.50. Sheep receipts were 1,800. Chicago nog receipts were 27,000, including 6,000 direct. Holdovers were 2,000. The opening was slow, with scattered early bids around 10 to 15 cents lower than Wednesday’s average. Choice 190 to 210 pound weights sold for $10.15 to $10.25; best strong weight butchers held steady. Cattle receipts were 8,000; calves, 2,000, the market steady. Sheep receipts, 24,000, strong. HOGS Receipts. 6,300; market, steady. Light Lights—-(l4o-1601 Good and choice. ...$ 9.75!® 10.00 —Llzht Weights—-mn-1801 Oood and choice (160-2001 Oood and choice... 10.204110.30 —Medium Weights—-(2oo-220) Good and choice ... 10.40010.50 (220-500) Good and choice... 10.404i10.50 (250-350 Oood and choice.... 10.40010.50 (290-350) Good and choice .... 10.2a® 10.50 —Packing Sows—-(27s-500) Medium and R00d... 7.50 0 9.00 (100-130) Good and choice... 8.75a- 9.25 CATTLE (Slaughter Class) Receipts, 900; market, steady. —Steers— Good snd choice oo : l : l . oo ’..... *10.50|1 13.00 Common and medium ........ 6.00010.50 Good snd chote'e 1 ’ 100 : 1 - 500 ’... 10.^5012.75 Medium ■ 7.00010.25 —Heifers—-(soo-850) . „ Good and choiee * i £2|$ 1 2 §2 Common and medium 5.50 a 9..0 Oood and choice 5 *OO 7.50 Common and medium 4.000 5...0 Low cutters and cutters ■. 2.6069 400 —Buulls (vearlinßS excluded) Good and choice beef |-922 Jin Butter, common and medium.. 3.50 46 5.00 CALVES AND VEALERS Receipts. 800; market, steady. Oood and choice Cull and common 5.000 a.so —Calves — Good and choice sno® l ?'^ Common and medium 5.00® 7.50 STOCKER AND FEEDER STEERS Good and choice'"’ 0 * 4 00® 6 00 Common and medium .... 4.00® 6.00 Good and choice . fS}§ Common and medium 4.25 46 6.00 SHEEP AND LAMBS Receipts. 1,800; market, steady. Good and choice * 8 000 9.50 Common and medium 5.000 8.00 Medium and choice Cull and common 100® 2.50 Other Livestock Bn United Press CHICAGO. Oct. 9.—Hoes —Receipts. 27.POO. including 6.000 direct; market rather slow mostly 10020 c lower on 160-220-lb. weights: heavier kinds weak to 10c lower, pigs fully 25c lower: pack ini sows steady to 25c lower; top. 810.60; bulk. 180-310-lb. weights* $10.10010.35: light lights 14 9* 1 59 lbs., good and choice, $9.60010; light weight. 160-200 lbs., good and choice. $9.85 010.25: medium weights. 200-250 lbs., good, and choice. $10.10010.45, heavy weights. 250-350 lbs., good and choice, SIOO 10.60, nackinr sows. 275-500 lbs., uiediuni ftnd Sood &frS slaughter pies. 100-130Jbj.. irood and choice, $8.50ft^9.60. Cattle ceipts. 8.000; calves. 2.000; fed steers and vearlliigs mostly steady to_ilv,pri K ’iittlc tcarlings $13.25; most well finished, little cattle selling at; $12.75 downward- heavies scarce: best, $11.50; with 1.648-lb. aver ages. *11: she-stock slow week s decline, steers. 600-900 lbs., good and choice. sll® 13 25: 900-1.100 lbs., good and choice. [email protected]: 1.100-1.300 lbs. good and choice *9.500 12.50: 1.300-1.500 lbs good and choice. $9.25(4/12.25; 600-1.306 *sbs., common and medium. $6.25fa 10; heifers 3501-850 lbs., good and choice. *10.50® 12.75; common and medium. *5.50010.50, cows good and choice, $5,254(8. common end medium. $4®5.25; low cutter and cutter $2.90®4: bulls, yearlings excluded, good and choice beef. *5.750 6 75: cutter to medium. S4O 5.90: vealers. milk fed good and choi-e. *IOO 12.50: medium *BO 10. cull and con- 'on. $708: steers. 500-1.050 lbs., good an choice. $7.25® 9; common and medium. ’5.25@>7.25. Sheep—Receipts, 24.000- lam >s steady to weak; sheep and feeders s eady- early bulk desirable native iwes ln . wether lamb 5.*[email protected]; few. $9; few rangers. $8.5008.75: best held higher* feeders. $6,750 7.25: lambs. 90 lbs. down, good and choice. SBO 9.25; medium. *8.7508: all weights common. ewes 90-150 lbs., medium to choice. $2.25 ®4- all weights, cull and common *l® S 75- feeding lambs. 50-75 lbs., good and choiie. [email protected]. Bu United Press TOLEDO, Oct. 9.—Hogs—Receipts. 600; market. 10 0 25c lower; heavies, $9 50010; mediums. $10.250 10.50: yorkers. $9-50® 9 25* pigs. $909.50. Cattle —Receipts. 200. market, steady; calves, receipts, light; market, strong. Sheep—Receipts, light; market, steady. Bu United Press FT. WAYNE. Ind., Oct. 9.—Hogs—Market, 5 020 c higher; 110 lbs. down. $8.50; 110-120 lbs, $8.75: 120-130 lbs, *9; 130140 lbs, $9.25; 140-150 lbs, $9.50; 150160 lbs, $9.75: 160-180 lbs, $3.90; ISO--200 lbs, $10.05; 200-225 lbs, *10.15; 225250 lbs, $10.25: 250-300 lbs, $10.35; 300325 lbs, *10.10; 325-350 lbs, *9.85: 350400 lbs, *9.60; roughs. $7.75; stags, $5.50; calves, *l3; lambs. SB. Bn United Pres EAST BUFFALO. N. Y„ Oct. 9 —Hogs— Receipts. 1.000; holdovers. 300; fairly active; weights above 200 lbs, steady; lighter averages, weak to 10c lower: bulk desirable 160-200 lbs, *11: 220-220 lbs, $11.10: pigs and underweights, largely *10.75: packing sows. *8.2508.75: few. $9. Cattle—Receipts. 325; grass cattle draggy: scattered sales about steady; plain grassers, $606.50: fleshy kinds held upward to $8: cutter cows. *2.7504. Calves—Receipts. 150; vealers steady to weak: good to choice. sl4 014.50. Sheep—Receipts, 1.600: lambs active. steady to 35c higher; to choice ewes and wethered lambs. $9.25: few. $9.50: bucks and In-between grades. $8: throwouts. *7. Bn United Press CLEVELAND. Oct. ?.—Hogs—Receipts. 1.900; holdover none; weights. 160 lbs. up. 15 0 20c lower; others steady; 180-250 lbs, •10.65: 160-180 lbs, $10.50: pigs. $10: 140160 lbs, *10.25. Cattle—Receipts. 350; another run of low grade steers much of fresh as well as liberal holdover crop with bid. scattered sales. *6618: looks weak to 2Sc lower than Monday: fat cows steady; cutter grades. S3O 4.25 and sausage bulls strong to higher. Calves— Receipts. 500: vealers strong to 50c higher; better grades. *14.50015: common to medium. *llOl3 and above: culls. *8.50 0 10. Sheep—Receipts. 4.300: lambs, steady to 25c lower; full decline on plainer kinds; better grades. *8.5009: best Quoted. *9.25: common to medium sorts. $6®7.50: sheep, steady. Bn Untied Press PITTSBURGH. Oct. 9.—Hogs—Receipts. 1.800: holdovers. 600: market. 10025 c lower: 160-270 lbs, *10.500 10.70 : 270-320 lbs, $10.25® 10.50: 140-160 lbs, $10010.50; Digs. $9.50® 9.'X>: better grade sows. 58.75® 9. CatUe—Receipts. 20; no early crating. Calves-Receipts. 100: market steady: better grace vealers. $12014; common and, medium. *6O 7. Sheep—Receipts. 1.000; market mostly steady; desirable fat lambs. *809; medium grade down to $6.50. Bu United Press CINCINNATI. O, Oct. 9 Hogs—Receipts, 3.371. including 1.371 direct: holdover. 130; fairly active, generally steady; better grade 180-260-lb. averages. 110.25 m 10.60: largely *10.60 on 200 lbs. up; most 130-150 lbs, *9.50: 150-170 lbs. under weights. *9.50010; sows steady to strong; bulk. *8.2508.50: mostly *8.50; smooth, light weights up to *8.75. CatUe—Receipts, *00; holdovers. 800; calves, receipts. 300: slow; steers and heifers, steady to weak under an indifferent demand; odd lots of lower grades. $507: some In between kmdik *7.5008.50; few yearlings. s9@lo; beef cows, steady; bulk, 14.50 0 5.50: low cutters and cutters, weak; spots 25c lower; bulk. *35e<t3.50: most bulls. *405.50; vealers *1 lower than best kinds Wednesday' about steady with the close: bulk food and choice, *11.50013: lower grades. Tfill.so. Sheep—Receipts. 1.000; steady ob ell classes; better grade lambs, *8 to mostly *8 50; common and medium. $5.50® 8* Las awes, *203; culls, downward to *l.

New York Stocks ""■■“(Bv Thomson Sc McKinnon)

—Oct. 0Railroads— Pf* v High. Low. 1130 Ciose. Atchison 2057 * 205 205% 204-m Atl Coast Une 12 Balt & 0hi0.... 89>2 88% 897a *f% Chesa & 0hi0... 44% 4% 43% 44 Chesa Coro 54 53 53 5374 Chi Grt West , 7% # Chi N West 497* 48'a 48'* 50 C R I & P 83 80 80 847* Del L 6c W 10874 109 Del & Hudson.. .151 150% 150% ... Erie 38'i 36 36 36% Oreat Northern. 66V* 66 66 66* 111 Central 1067 a 106 08 106 ,■* Lou & Nash i- 'lijj, M K & T 30'4 30 30 29%. Mo Pacific 45 % Mo Pacific pfd. ... ■ ... ■ x Y N Y Central ...146 s * 1447. 1457* 147 Nickel Plate . • ■xx l 5X,. NYNH&H... 97 967* 96% 99* Nor Pacific 607* 60 60 60 Norfolk & West 220'. *2l Pennsylvania 69 .§§7'* SO Pacific 108 101‘a 107% 108.* Southern Rv ... 71% 70% .o’. 72 Os Paul . . lU* ® It Paul pid: :'; 16 3 * i?% i% y * Unfen*Pacific !'202% 2f 2 2 W Maryland .... 16’ 16 16 k Equipment*—• „ Am Locomotive. 34- 33 a 33 a 34 . Am Steel Fd .... 34>. 34 34 . . Am Air Brake 8 40 Gen Am Tank .. .. 75’* 76 * General Elec ... Gen Rv Signal 68’. 68’. 68 * 68 . Lima Loco if NY Air Brake.. Westlngh Ar B ■ . 3d so _ Westlngh Elec 119% 116 3 . H® * 1 20 * Rubbers — . Fisk stone i>; ‘ i-. ?(S Goodrich 187. ljjj 1 '?ja 131* Goodyear 45’. 45 4> • 46 a Kelly Sprgfid 2 , U S Rubber 1 J 127* 12‘ 14 a Aubuni rS “ 89% 86 86 89% Chrysler • Gardner i * Graham Paige. .. ••• a*. General Motors.. 37% 3.7* 37 . 37 . Hudson 22 23 ll, 50 * 50 , n ..v.v.v.v •/* 32 32 * 32.: RSS k " d ..v.v:.:.'ii% -ip* a# Studebalier 27 26% 26“ 56 b Yellow Truck .. 13 ■ 13’. 13 2 14 Motor AccessJ n „ Am Bosch •l, --x. 7?,. Bendix Aviation 21% 20‘a 20 a 19 0 Borg Warner.... 19% 9 ;j Briggs 1<:. 14% 14 b 15 Budd Wheel .... 3% 8% 8 El B.’. 60 597 . 5974 60 Hayes Body ? 3/ Motor Wheel .... .. . J 7% 17% Stewart Warner'.'. 20% 20% 20% 20% Timken Roll 55 54% a4 8 04,2 Mining— Am Smelt 55% o4'a 55 55 Anaconda Cop.. 37 36% 36 37 Cal & Hec!a 10% 10% 10% • Cal & Arlz t - Cerro de Pasco.. .. 38 30 Freeport Texas.. 3? Granby Corp 15 14 a 14 2 ••• Great Nor Ore ,41; Howe Sound .... f!,* ,o 4 Int Nickel 19% 19 ,* 19 . j 3 . Inspiration 10% 10 10 O.s Kennecot Cop... 28% 28,a 23 2 29 Magma Cop f?,Miami Copper JVsf 11 it Texas"°Gul Sui..' 55 54% U S Smelt Amerada 23% 23 23 23% AU Reining o .’.:*. 26% 26, 26% 26% Barnsdall I’B 18% 18.a U Beacon ii,. %%( SM? 5 a . 5 3 4 % | m: $ Mid Conti 20 19% 19% 20 Pan%Amer iB). .. •••.. i- 3 Phillips 25 4 24% 24 * 25.a Pr Oil & Gas... 25 * 25 25 24 * Pure Oil 17% 177s 17 * 1( a Richfield 8% 8 8 6 s Royal Dutch : 44 jht Shell Un H% H H “ a Sinclair 16% 16% 16% 16% Skeelv 22% 22% 22% 227* Standard of Cal 54% 54% 54% 547a Standard of NJ. 58% 58 58 , 59 Standard of NY 28 27%. 27 a 28 Texas Cos 45 44% 45 45 Union Oil 33 8 33 ' 8 Am Roll Mills ..41% 41 41 41% Bethlehem 70% -4 * .4% 76, 4 Byers A M 56% 547* 54,* j7,* Colo Fuel •• . 3 “., Cruc Steel 65 64% 6472 66/2 Ludlum ••• ‘J’* Midland 25 24 24 2j Neivton ......... 29 27 29 ••. Repub I& S .... 24% 24> 24% 24 u S Steel 151'* 149 5 150% 151% Vanadium 56% 557a 56% 56 Youngst S& W. 33’,2 33 33 2 3a Youngst S & T * ... 99 Tobaccos — .... Tm To (A new).1137,i 113 113 }}3% Am To iB new).115% 114% 115% 115% Con Cigars ... ... 32 General Cigar 41 41% Lig &z Myers B . 89% 89% 89% 90% Lorillard 16 15% 15% 16 1 /* Phil Morris , 10 10 Reynolds Tob .. 46 1 4 46% 46 3 4 467a Std Com Tob „ 4V* Tob Pr A 11 a ..... Tob Pr B 37a 3% United Cig 6 6 % Utilities — Abitibi ... 1?% 13 Adams Exp 22% 21% 217a 22-* Am For Pwr... 46 45V* 45% 46% Am Pwr &Li , „69% A T & T 200 198% 199% 200% Col Gas & E 1.... 49% 49% 49% 50% Com & Sou , ... ••• 11* El Pwr & Li.... 54% 53% 54* 55% Gen Gas A 77a 77* Inti TANARUS& T 28 26% 27 27% Natl Pwr & LI.. 36% 3a% 36 37 No Amer Cos .. 91% 89% >9O 91% Pac Gas &El 52% 52% 52% 52% Pub Ser N J ... 86% 85% R 5% 86% So Cal Edison.. 52 517s 51'a 52 3 a Std O& El 85% 84' 1 84% 86% United Corp 25’ 25% 25% 26% Ut Pwr SLA... 31% 30% 30% 31% West Union 144 143 143 145 Am ti ffti ne Corp.. 2974 29% 29 J* 29% United Fruit.... 74 737* 73% 7374 Foods— Am Sugar 4474 44 44 43% Armour A 4 4% Cal Pkg 56*4 Can Drv 54% 54 54 53% Childs Cos 42 42 Coca Cola 3747.4 l(a% Cont Baking A.. 25% 25 25 2aV, Corn Prod 79% 78"* 78 7 a (9 Cudahv Pkg ... 41% Gen Foods 537* 52% 53 52% Grand Union 12% ... Hersev 87 87 Kroger *O.- •• 2 3 A Nat Biscuit 807a 79% SO’a 81 Pillsburv 31 30 2 31 30% Safeway St 64 62% 627s 63 Std Brands 17% 17% 17% 17% Ward Bkg 7 7 Co'ty U fn~ .. ... 12% 12% Lambert Cos 85 84 84Vy 85-4 Lehn & Fink.. 21% 21 21% 2337* Industrials — Bush ß ae d rm to . r .'.'.'. 30% *29% '29% 30% Gen * Asphalt 34. 33% 33% 34% > Otis Elec 59 38% 58% 59

Net Changes

Bu United Prrss NEW YORK. Oct. B.—Closing prices and net changes on leading stocks traded on the New York stock exchange today were as follows : Up. off. American Can 118' 2 ••• Amer Tel & Tel 200 s , ... 1 Bethlehem Steel .Til* ••• ? 2 Case J I 127‘i ... 3 Consolidated Gas 99_ ... 2 Fox 40 J * ••• * General Electric ..... 58 5 s ... l'i General Motors 37L ... * International Tel 27 s * ... l a Kennecott .. 29 ‘a ... Loews' 64' 2 ... 'a Montgomery Ward .... 25 * ... New York Central 147 ... I*2 North American 91 ... .4 Paramount 50 ... • Public Service 86* ... ** Radio 24*8 ... j Radio Keith 23 s ., ’ Sears Roebuck 5674 ... ‘a Standard Oil N J 59 ... L Stand Oil of N Y .... 28 ... * Union Carbide 66 ... 1 United Corn 25 5 , ... 1 U S Steel 151*8 ... l 3 a Vanadium 56’a ... l’a Warner Brothers 20' ... l‘ Westinghouse 120*, ... 4 Wool worth 53's ... 3’ a New York Curb Market (By Thomson & McK<nnon) —Oct. 9 11:301 11:30 Am Com P (A) 17’, Int Pete . 15>, Am Gas & E1..101 Midwest Ut .... 23 s , Am Lt &Tr 53 Mo-Kan Pipe .. 13*8 Ark Gas B'*:Mt Prod 7H Aviation of Am 33*4,National Av .... 6** Brasil P & L.. 27*ii Newmont Min.. 67 ] 8 Can Marc 3* s Nia Hud Pwr .. 12H Cities Serv .... 25% Niles 2574 Cons Gas 106 Noranda 17 Cord s* Penroad 9 Crocker,& Wh.. 10*4 Prince & Whtlv. 7*4 Elec Bond Sh... 59*4 Salt Creek 85, Ford of Eng 15' 2 Sel Indus 47* Fox Theater 7 s , Shenandoah ... 8 Goldman Sachs 12** Std of Ind 44* * Gulf Oil 93 Trans Air Trans 7 Hudson Bar s s ; Un Gas mewl .. 10 s ; Humble Oil 75*i Un Lt A Pwr. 31*, Ind Terr (Al.. 25 s , Ut In Ind 10' s Int Super 30 Vacuum Oil .... 697* Chicago Stocks Opening (By James T. Hamill A Cos.) —Oct. 9 Assoc Tele Util. 22 Houdl B ss*5 s * Auburn Motors 89 Elec Hsehold... 37 Bendix Aviation 21 Insull com 50 s * Bor* Warner .. 19 1 1 Insull 6s 1940.. 98 s , Cent So West... 18 s , Maiestic Hsehold 18 Cord Corpn SS Midland Utd c.. 23 T * Conti Chi C com 1254 Middlewest com 24 s * Conti Chi C Old 47 Natl Pw A Lt.. 63'a Chi Corpn com 8 V NobUtt Sparks . 4474 Chi Securities.. 195,.Swift Internatl. 35 Gen Thea Eouip 25 s * Util & Ind pfd.. 20*4 Grissby Grunow O’, Zenith Radio... 57a

Indus Cbeies— Allied Chem ...210% 209% 209 % 213 Com Solv 20% 20% 20% 20% Union Carb ... 65% 64- 4 64% 66 U 8 Ind Alco 61% 61V* Retail Store*— ... .... Assoc Drv Gds.. 30% 30'* 30 * 30% Oimbel Bros 9 .9% Kresge S S 27% 2774 27'* 287* May D Store ... ••• 37 Mont Ward .... 24% 2474 24% 2a Pennsv J C 48% 48% Schulte Ret St r % Sears Roe 56 5a% 56 56% Woolworth 63 62 62V* 637* Bruns Balke /. }3% } 3 Col Graph 13 12 s * 12 s * 13% Eastman Kod ..191% 189 190 194 2 Fox Film (A).. 41 >2 407* 40% 40% Origsbv Grunow 6 3 4 6% 6-4 6% Loews Inc e 4 62 62% 64% Param Fam 50% 49 5 . 49% 59 Radio Corp .... 23 s * 237* 27% 24% R-K-O 23% 22 % 237* 23% Warner Bros .... 19% 19 19% 207a Miscellaneous— City Ice &Fu ..._ ... 38 Congoleum 9% 9-a 9% 10 Am Can 118 116% 117 11*% Cont Can 5174 aO% 60% 517* Curtiss Wr 4% 4% 4’* 4% Gillette S R ... 45‘< 40% 41% 45* Real Silk 42% 41% 41% 41V*

Dow-Jones Summary

LONDON—New York cables opened at 4.85 31-32 against 4.85 29-32, Paris checks, 123.81; Amsterdam, 12.05; Italy, 92.805; Berlin, 20 41. Bank of England statement as of Oct. 9 shows, circulation, 359,559,000 pounds against 359,386,000 pounds Oct. 2. Ratio, 52 per cent against 48.7 per cent, and bullion, 158,082,000 pounds against 156,803,000 pounds. Output of electricity in United States for week ended Oct. 4, was 1,695.072.000 kwh. against* 1,704,195,000. Previous-week, 1.786,167,000 in like week last year, and 1,637,000,000 in 1928, according to National Electric Light Association. In September, Island Creek Coal Company mined 564,708 tons coal, and Pond Creek Pocahontas Company, 112.236 tons. Ohio River Edison Company called for redemption Jan. 1, all outstanding first mortgage sinking fund gold bonds. 6 per cent series of 1923. at principal amount plus premium of 77a per cent and accrued interest to Jan. 1. 1231. International Paper and Power omitted quarterly dividend of 60 cents on class A stock due at this time. Union Oil Company of California nine months net estimated at $1.84 a share on 4.345.120 shares in like 1929 period. Regular quarterly dividends of 1 per cent In stock and 50 cents in cash declared payable Nov. 10. record Oct. 18. I. C. C. authorized St. Louis-San Francisco R:llw;v to Issue $10,000,000 of consolidated mortgage 4V* per cent bonds and to sell them at qot less than 9074 per cent. New York Steam Corporation called special meeting Oct. 20. to vote on increasing authorized common stock to 500.000 shares from 3,000 and to split present stock 8-for-l to offer 120.000 shares of new stock at SSO a share on basis of 983 share for two held. Sales of Kellv-Springfield Tire Company in September. i930, showed an increase of 7 per cent in dollars and 26 per cent in units is compared with September. 1229. A comparison of September totals with August this rear shows a slight decrease following a decline in export and manufacturers’ business, which was in part offset by an increase In business from dealers. During first seven days in October. Chicago & Eastern Illinois handled 6,079 revenue cars against 7.173 in preceding seven days and 9.618 in 1929 period. Terminal Railroad Association of St. Louis and affiliated companies six months' net $1.62 a share on 32,937 shares before sinking and other reserve funds against $20.24 a share on 30.879 shares in first half of 1929. Southern California Edison authorized by California railroad commission to issue and sell 120,000 shares of 574 per cent preferred stock at not less than $24 a share. Paragon Manufacturing Company dissolution of which was recently voted has set aside $2,004,809 to retire class A preferred outstanding. Shareholders will receive SSO a share plus accrued dividends to Oct. 15. Electric output of associated Gas and Electric Company for September amounted to 265.148,415 KWH an increase of 2 020,129 KWH or slightly less than 1 per cent over September. 1923. This increase compares favorably with August which showed a decrease of 1,813.840 KWH. Gas output was 14.350.985 cubic feet a decrease of 92.214 cubic feet or 0.6 of 1 per cent which is also an improvement over August. Rco Motor announced one new’ six and two new eight cylinder passenger cars the former at 5i.695 and the latter two at $1,995 and $2,485. John R. Thompson September salVs $1,215,361 decline of 5.2 per cent from year ago. Nine months sales declined 4.6 per cent. Childs Company September sales s2,l';j - 571 against $2,400,108 in September, 1929. Nine months $19,939,783 against $20,861,030. Bank of Frances statement as of Oct. 3. shows gold 49,100.000.000 francs against 48,431,000.000 on Sept. 26. Circulation) 74,515.000.000 against 73,053,000,000. Ratio 53.4 against 52.45 per cent. Ford passenger car registrations in first eight months 871.366 cars or 41.3 per cent of new passenger cars registered compared with 972,608 or 32.8 per cent a year ago. Nash Motors introducing four new groups of 1931 models three eight-cylinder lines and one six-cylinder line. Prices range from $795 to $2,025 against $935 to $2,385 on old line.

Average Stock Prices

Average of thirty industrials for Wednesday was 200.56. off 3.05. Average of twentt rails was 119.70, off .50. Average o: twenty utilities was 73.93, off .60. Averagi of forty bonds was 97.04. off .06.

Produce Markets

Errs (Country Rum—Loss off delivered in Indianapolis. 20c: henerv duality No. 1. 23c: No. 2. 14c. Poultry (Buying Prices)—Hens. weighinß 5 lbs. or over. 15c: under 5 ibs.. 17c: Leßhorn hens. 15c: sprinßers. 4 lbs. or over. 19c or under 4 lbs.. 16c: ducks. sprinßers. 14c: old cocks. 9®loc: ducks, full feather fat white. 11c; Reese. Bc. These prices are for No. 1 top duality auoted bv Xinßan & Cos. Butter (wholesale) —No. 1. 41®42c: No. 39 62 39 74c.' Butterfat —40c. Cheese (wholesale selling price per pound'—American loaf. 31c: pimento loai. 32cc; Wisconsin firsts. 27c: Lonßhorns. 34c: New York Limberßer. 36c. Bu United Brens CHICAGO. Oct. 9.—Errs—Market unsettled: receipts. 2.735 cases: extra firsts. 28c: firsts. 27c: current receipts. 22® 24c; ordinaries. 19®21c: seconds. 15® 19c. Butter—Market, unsettled: receipts. 5.165 tubs: extras. 37 3 ,c: extra firsts. 36483674 c: firsts. 317*@3374c; seconds. 29® 30c; standards, 35c. Poultry—Market, weak: receipts, 4 cars: fowls. 21c: sprinßers. 17®19c: Leghorns. 15c; ducks. 16® 20c; jteese. 15c: turkevs, 18c: roosters. 15c. Cheese —Twin. 17-, oi 18 'ic: vounß Americas. 18 s ic. Potatoes —On track. 363: arrivals. 105; shipments. 1.213: market about steady: Wisconsin sacked Irish cobblers,, $1.75®1.95: Idaho sacked russets. $2.15612.40: Minnesota and North Dakota Red River Chios. 61.75® 1.90: Minnesota sacked round whites. $1.70® 1.85: North Dakota cobblers. $1.75iQ1.85; Colorado sacked rurals. $1.90®2. Bn United Press CINCINNATI. Oct. 9.—Butter—Steadv: creamery in tub lots, according to score. 35@38c: common score discounted. 2®3c: packinß stock No. 1. 30c: No. 2, 25; No. 3.15 c: butterfat. 36®38C. Frrs— Steady: cases, included: extra firsts. 30c; firsts. 26c; seconds. 25c: nearby ungraded. 26c. Li*\ poultry—Thin and coarse stock sells only at heavy discount: fowls. 5 lbs. and over. 22c- 4 lbs. and over. 21c! 3 lbs. and over. 19c: Leghorns. 3 lbs. and over. 14c: roosters. 13c: colored fryers, over 3 lbs. 21c: broilers, colored, over 2 lbs., 21c: broilers. Hi ibs. and over. 25c: Leßhorns and Orpinaton broilers, I*4 lbs. and over. 22c: broilers, partly feathered. 15® 18c: Leßhorns and Orpinaton fryers, over 2 ibs.. 20c- roasting chicks. 4 lbs. and over. 21c: black sprinaers. 16c. Bu United Press NEW YORK. Oct. 9.—Flour—Easy: spring patents, $4.60® 4.95. Pork—Firm. Mess--632.50. Lard—Steady: middle west spot. sl2® 12.10. Tallow—Steady: special to extra 4 , aSis , *c. Potatoes— Steady; Long Island. $3®3.50: Jersev. $2.50®2.75. Sweet Potatoes—Steady: Southern baskets. 65c 61 $1.75: Southern barrels. |2® 3.25: Jersey basket. 81.25Q1.50. Dressed PoultryFirm; turkevs. 22 ®soc; chickens. 22434 c: fowls. 17®31c: ducks. 184519 c: ducks. Long Island. 21c. Live Poultry—Seady; geese, 18c: ducks. 20c: fowls. 20®25c; turkeys, 20® 25c; roosters. 14c: chickens. 23527 c. Cheese—Steadv: state whole milk, fancy to specials, 24®26c; Young America. 20@25c. Bu United Press CLEVELAND. Oct. 9—Butter—Extras. 37 s ,c; standards. Ssc. Eggs—Extras. 33c: firsts, 27c. Poultry—Heavy fowls. 24c: medium. 22c: Leghorn, 12®T5c: heavy broilers. 20®22c: Leghorn broilers. IS® 71c: ducks, 10®20c: old cocks. 14® 16c: ?ce-e. 15c. Potatoes— Maine Green $3.50® 3.60 oer UKW)h. *pck: !.*),,) r,,?. set, $2 Po®3 pci 100 lb sack.

_ THE INDIA. . v/.;U TIMES .

U. S. SPENDING 100 MILLIONS IN PUBLIC BUILDING • Construction Program Is Greatest in History of Nation. Bu United Press WASHINGTON, Oct. 9. —Mors than $100,000,000 in new public building contracts will be let by the treasury in 1930 in carrying out an expanded building program, which the administration plans as an aid to business recovery. Answering a Republican congiessional critic who wrote President Hoover recently complaining that the treasury is not expediting the enlarged building program as rapidly as possible, Perry K. Heath, assistant treasury secretary, today made public figures showing greater public building activity than ever before. “Since the foundation of the United States we never have had a building program of such magnitude as is now in progress,” Heath said. In the present calendar year, the treasury has awarded sixty-six contracts for buildings to cost $43,000,000 and plans to let forty-nine additional contracts aggregating $30,000,000 in the remaining three months of 1930. To this $73,000,000 must be added the cost of land which will bring the total above $100,000,000 this year.

The City in Brief

FRIDAY EVENTS Republican rally. national guard armory, 8 p. m. Exchange Club luncheon, Lincoln. Optimist Club luncheon, Claypool. Alirusa Club luncheon, Columbia Club. Knights of Columbus luncheon, SpinkAims. Phi Delta Theta luncheon. Chamber of Commerce. First Ward Republican Club meeting, Clark’s hall. 8 p. m. Indianapolis Round Table luncheon. Lincoln. Master Painters’ Association luncheon. Antlers. „ , Delta Tau Delta luncheon. Columbia Club. , , _ Reserve Officers Association luncheon, Board of Trade. Delia Cbi luncheon. Spink Arms. Indiana Industrial exposition, all day. state fairgrounds. Pythian Sisters of Indiana convention, Denison. Fifty members of the Indianapolis Building Congress will compete in a golf tournament at the Speedway at 2 today. Members of Indianapolis Photographers’ Association were guests of E. S. Mack, Holland Studio, at a dinner in the Ssville Wednesday night. Mack was the speaker. Three new executives in the electrical industry will be honored at a luncheon at the Severin Thursday as guests of the Electric League of Indianapolis. They are; W. J. Morgan, Westinghouse Electric and Manufacturing Company manager; C. Fred Fitchey, General Electric Supply Corporation manager, and Roy L. Brown, Westinghouse Electric Supply Company manager. Hcffelman Candy Company, 534 South Illinois street, will move into its $30,000 factory and warehouse at 414-16 South Missouri street, Saturday. Dr. George D. Strayer. Columbia university, will speak at a dinner of the Indiana Schoolmen’s Club in the Lincoln Wednesday night. Columbus day dinner will be served in the St. Philip Neri auditorium, Eastern avenue and North street, at 11 Sunday, sponsored by the Young Ladies Society and Children of Mary. Election of three Indianapolis students In Wabash college, Crawfordsville, to campus organizations, was announced today. Robert Rhodehamel, a Phi Gamma Delta pledge, and Latham Bruenig, Beta Theta Pi pledge, both freshmen, have been elected to membership in Scarlet Masque, college dramatic society. M. F. Egan, a junior and member of the football team, has been pledged to the Sphinx Club. R. H. Sherwood, Indianapolis, president of the Central Indiana Coal Company and chairman of the executive committee of the Coal Trade Association of Indiana, will be one of the speakers at the thirteenth annual meeting of the National Coal Association in Detroit, starting Oct. 15. Functioning of international courts on same basis as local courts will be necessary if justice is to be meted between nations, Dr. William C. Dennis. Earlham college president, told the Kiwanis Club at the Claypool Wednesday. Report of committee arranging the annual Scout council meeting, set tentatively for Oct. 25 was made today at the monthly meeting of the Indianapolis Scout executive committee in the Chamber of Commerce. Civil service vacancies announced by Henry M. Trimpe, local secretary, include; Artistic lithographer, assistant fisheries technologist, metallurgist and supervisor of home demonstration work. Marriage Licenses Grant T. Washington. 50. of 773 West Twenty-fifth, gardner. and Rosa J. Young. 37. of 1151 North Sheffield. Fred McClaren. 21. of 531 West Vermont, rook, and Helen M. Reed. 17, of 426 Douglass. Harold Branham. 25. of 3126 East Twen-tv-eighth. clerk, and Myrtle L. Ruddell. 19. of 55 South Rural, inspector. Bascom R. Cunningham. 21. of 3844 East Washington, railroader, and Euia M. Oaire. 24. of 631 Garrard drive, stenogGeorge L. Johnston. 35. of 1402 North Illinois, clerk, and Roxie L. Bogan, 48. of 642 Udell, cock. , .... Cecil Tvnch. 30. Newcastle, machinist, and Mrrtl-' Clark. 42. of 645 Union. Harold B. Ebbinghaus. 28. Rochelle. 111.. clerk, and Ruth E. Woolev. 29. of 1330 Hoyt, teacher. Other Livestock Bu United Press EAST ST. LOUIS. 111.. Oct. 9 —Hogs Receipts. 11.500: mostly 10® 15c lower; pigs weak to 25c lower: top. $10.30; bulk. 170-230-lb. weights $10.15010.25: 140-160-lb. weights. $9,65 0 i0.10: 100-130 lbs.. $9 0 9.50: bulk sows. $7.7508.50. Cattle— Receipts 2.150: virtually no native steers: other clases generally steady except good and choice vealers. which sold at 25c lower at $12.75; five cars western steers. $6.600 7.20: top sausage bulls. $5.50. Sheep—Receipts. 4.000: fat lambs steady to 35c higher: sheep steady; bulk lambs to packers. [email protected]: top to city butchers. $8.50; fat ewes. $3 down.

Local Wagon Wheat

City grain elevators ar? navinz 74*t No. 1 red wheat and 67c for No 1 ei' f wheat.

In the Stock Market

(Bv Thomson & McKinnon t NEW YORK. Oct. 9.—While the action of the stock market is discouraging, we question the logic of permitting it to be the guiding influence. It is easy to sink in the mire of pessimism, and lose sight of the true character of business. Unsatisfactory as business may seem, it is not commensurate with the gloom prevailing in market circles. For instance, disappointment was quite apparent over the September steel production. Is our memory so short that we have forgotten 4 ~ other slack years it fell much lower? In July, 1924, it was a million tons, and in July, 1921, two million tons less than that of last month. An executive of one of the largest retail concerns in the country says distress merchandise has practically disappeared, and that his buyers have iound manufacturers delayed in making deliveries because of shortages of raw materials. Can we say that the optimism of industrial leaders is entirely propaganda? The consensus opinion of prominent executives in session at the manufacturers conference is that business is showing signs of returning to a normal, healthy state. Security liquidation naturally will have to run its course. The culmination, however, may come quite unexpectedly. Births Girls Harry and Rosela Ellis, 1520 Kennlngton. Julius and Clara Poindexter, 407 West Tenth. John and Myra Brown, Methodist hospital. John and Mary House. 511 Chase. Chester and Mary Rinehart. Christian hospital. George and Freda Farmer, Coleman hospital. Fred and Allene Shockency, Coleman hospital. Carl and Jennie White, Coleman hospital. Boys Everett and Elizabeth Barton, 1036 South Illinois. Raymond and Grace Powers, Methodist hospital. Albert and Elsa Wurster, Methodist hospital. Ora and Iva Williamson, 1250 South Pershing. Leo and Cora Hellmer. 1139 Eugene. Thomas and Ava Carson, Coleman hospital. Filbert and Elva Dixon. Coleman hospital. Moses and Gladys Palmer, Coleman hospital. George and Clara Sortwell, Coleman hospital. Evans and Lydia Woollen, Coleman hospital. Jack and Minette > Shroyer, 324 North Denny. Joseph and Ellen Milll, 1836 Howard. Twins Harry and Bethel Knight, Methodist hospital, boys. Deaths Ernest, F. Schaedel, 58. 3358 South Harding. pulmonary tuberculosis. Pearl Oscar Tryon, 45, Long hospital, pulmonary embolism. David Milford Sortwell. 2 days, Coleman hospital, intercranial hemorrhage. Seneca H. Agger, 62, 2146 Ashland, myocarditis. Jennie C. Gercke, 63. St. Vincent’s hospital, acute cholelithiasis. Adelaide Sirlin, 29, 2339 North Illinois, mtral insufficiency. Harry Olds, 101, 21?J1 Alfree. apoplexy. James Pope, 4, city hospital, acute mastoiditis. James Warner. 6 months, city hospital, acute gastritis. William Edward Cronley. 73, 2430 West Howard, carcinoma. Wilbur Waid, 25, Long hospital, acute myocarditis. John Risk. 48. city hospital, carinoma. Mary T. Huebele, 88. 2859 South Meridian. cerebral aepplexv. Flossie Woolen. 31, 726 North New Jersey, broncho pneumonia. Fred P. Beissenherz. 39, 1421 West Thirtv-fourth. lobar pneumonia. Elsie May Nelson. 2 months, city hospital. acute gastro enteritis. Kate Moore, 49. city hospital, chronic myocarditis. Sarah Nichols. 80. Methodist hospital, accidental. Edward T. Hanley. 65, 635 Coffey, cerebral hemorrhage. Omer p. Whitlock. 46, 3559 Carrollton, carcinoma. John Oswald. 70. city hospital, hypostatic pneumonia. Lydia Jane Watson, 79, 1812 Ashland, hypostatic pneumoyiia. Frank C. Britton. 14. 639 South Warman. tuberculous nephritis. Mary Bryant. 78, 1137 North Senate, acute dilatation of heart. Emma Ferguson, 43, city hospital, aneurysm of the aorta. John William Ronan, 49, 3130 Park, cerebral hemorrhage. NEW YORK COFFEE RANGE High. Low. Close. March 6.40 6.10 6.24 May 6.18 5.95 6.02 July 6.00 5.82 5.90 September 5.95 5.75 5.81

INDIANAPOLIS STREET RAILWAY REORGANIZATION Notice to Depositing Stockholders of Indianapolis Street Railway Company 6% Preferred Stock: 1. A Plan and Agreement, under date of September 15, 1930, providing for the reorganization of Indianapolis Street Railway, has been executed by the undersigned committee and by Halsey. Stuart & Cos., Inc., as Reorganization Manager. 2. Copies of said Plan and Agreement have been filed with the undersigned depositary named in the Deposit Agreement dated May 1, 1930. 3. Holders of said Preferred Stock, who have already deposited same may exercise the right of withdrawal as provided in paragraphs Eighth and Ninth of said Deposit Agreement at any time within three weeks from the first publication of this notice. This notice is published in accordance with Paragraph Twelfth of said Agreement 4. Holders of said securities who have not yet deposited the same may make such deposit with the undersigned depositary at any time prior to December 31, 1930. DEPOSITARY: ROSS H. WALLACE, The Indiana National Bank ,i,r*mrr , euro.* Indianapolis, Indiana WENDELL SHERK, John P. Collett, Secretary R. W. WAITE, p. o. Box 1155 i Committee Representing Inindiunapoiis. Indiana dianapolis Street Railway Leo M. Kappaport, Counsel 6% Preferred Stock.) Indianapolis, Indiana

INDIANAPOLIS STREET RAILWAY REORGANIZATION Notice to Depositing Bondholders of Citizens Street Railroad Company First Consolidated Mortgage Forty Year 5% Gold Bonds: An agreement under date of September 15. 1930, providing lor the reorganization of the Indianapolis Street Railway, has been executed by the various Committees representing securityholders, and including the undersigned committee, and by Halsey. Stuart & Cos., Inc., as Reorganization Manager. Copies of said Agreement, including the Plan of Reorganization have been filed with the undersigned Depositaries. Security holders who have already deposited their securities may exercise the right of withdrawal under the provisions of the Deposit Agreement dated May 1, 1930, at any time within three weeks from the first publication of this notice. This notice is published in accordance with paragraph Twelfth of said Agreement. Holders of any of said securities who have not yet deposited the same may make such deposit with the undersigned Depositaries at any time prior to December 31, 1930. DEPOSITARIES: IRVING W’. LEMAUX, Security Trust Company JULIAN J. KISER, Indianapolis, Indiana _____ Fldelity-Phf iadelphia Trust Cos. J. C. NEFF, Philadelphia. Pennsylvania COUNSEL: (Committee representing Citigmith, Bemster. Hornbrook 1 , . „ * . . & smith zens First Consolidated 4. l* a SSSi'L l Mori*.,, Forty Yrar 5-. , Si£-SUS!'SSI£' M Bndsl

WHEAT SHOWS FIRM TONE ON NEWS Colder Weather in Argentina Boosts Liverpool Mart; Corn Strong. Bu United Press CHICAGO, Oct. 9.—Wheat opened firm to higher on the Board of Trade today with the strength at Liverpool a supporting factor, but most traders exercising caution with one eye cocked on the Stock Exchange. The colder weather in the Argentine gave Liverpool an advance but heavy Russian shipments served as a check. Com was firm with wheat and oats also advanced fractionally. Liverpool Stronger At the opening, wheat was Ljc lower to Tic higher, corn was V to Tic higher, and oats were %c higher. Provisions were steady. Liverpool opened much stronger than expected and was T 4 to Tic higher at mid-afternoon. While traders believe in the investment merit of wheat at the present levels, a majority see no reason for a sustained advance. The weakness in th security market undermines the confidence of wheat traders and militates against an advance in the latter, even though the levels are below the cost of production. The situation needs clarifying, but must wait for an improvement in general business conditions. Favor Bull Side Local operators favor the bull side of corn and that grain shows stubborn resistance to the weakness occasioned by the unsettlernent in wheat. The cash sales of 330,000 bushels Wednesday were the largest in some time and show the shortage

Bank Clearings

INDIANAPOLIS STATEMENT —Oct. 9 Clearings *?-22§'522'22 Debits 5,636.000.00 CHICAGO STATEMENT Bn United Press Clearings $90,100,000.00 Balances 7,100,000.00 NEW YORK STATE.MENT Clearinzs $1,090,000,000.00 Balance 159.000,000.00 Fdl. Res. Bnk. Cr. Ba! 144.000,000.00 TREASURY STATEMENT Net balance for Oct. 7 $294,400,892.68 Expenditures 6,646.139.38 Customs rects. month to date 8,148,190.27

CITIES SERVICE SECURITIES Henry L. Doherty & Cos. It. S. NordyUe, Mgr.. Local Office <OS Fletclier Savings & Trust Bldg Phone Lincoln 7566-7567

JamesT. Hamill & Company Private Wires to All Leading Markets. Indianapolis .MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New Y'ork Curb 203 Continental Bank Bldg. Tel. Riley 5493 —Riley 5494

in the east. Husking returns continue irregular. Oats have been proceeding under nervous suiroundings and have been acting irregular. The northwest bought December and sold May Wednesday at a 3’* cents difference. Commission houses were on both sides. Chicago Grain Table —Oct. 9 WHEAT— Prev. Hieh. Low. 11 00. close. Dec 79 s * .78% .79* * .78% Mar 83% 82% .83% .82% May $6% .85% .86 85% July 87% .87 87 ->'%• CORN— Dec 84% .83% .83% .84% Mar 85% .84% .87 .85% May 87% .86% .87% .87% OATS— Dec .38% .37% .37% .37% Mar 40 .39*2 .39% .39% May 40% .40% ,40 s * .40% RYE— Dec 49 s , .49% . 49 % .49** Mar 53 s * .53% 53 s . ,53 s * May 55 s * .56% 35% .55*2 LARD— Oct 11.45 11.40 Dec 10.52 May 10 55 10.55 Bv Times Boeeial CHICAGO. Oct. 9 —Carlots: Wheat. 10. I com, 96: oatx. 29: rye. 0 and barley. 12. i Building Permits John Tomllver. dwelling, southwest cor- | ner Villa and Flnlev. S6OO. Frank Wrißht, repair. 5329 Lowell. $2,000. Schell James, new porches. 2822 School. $350. Rites Jewelry Company. Inside alterations. 43-45 South Illinois, $350. K. Komstock. repairs, 825 Prospect. $275. Hoosier Investment Company, repair. 611 North Senate. S4OO. Charles Corner, dwelling. 2909 East Thirtv-eizhth. $2,500. G. A. McMath. dwelllnz and zaraze. 1818 West Wyoming. $2,500. Robert Knizht. addition. 301 Villa. SSOO. Dr. J. C. Daniel, inside alterations. 10 East Fifty-second. SBOO.

No longer is there any necessity of speculating in the hope of making quick profits! Strengthen your financial reserve . . . protect your capital. AMERICAN LOAN COMPANY 8% tax-exempt preferred stock is non-speculative and pays a higher interest rate than the usual investment. Write for Complete Information investmsnts 820 HEW CIRCLE TOWER LI ncoln 5222

INDIANAPOLIS STREET RAILWAY REORGANIZATION Notice lo Depositing Bondholders of Indianapolis Traction and Terminal Company First Mortgage Thirty-Year 5% Gold Bonds. 1. A plan and Agreement, under date of September 15, 1930, providing for the reorganization of the Indianapolis Street Railway, and affecting the persons and bonds above mentioned and described, has been executed by the undersigned committee, by other committees representing different securities, and by Halsey, Stuart & Cos., Inc., as Reorganization Manager. 2. Copies of said Plan and Agreement have been filed with The Fletcher American National Bank of Indianapolis, Indianapolis, Indiana, and with The Pennsylvania Company for Insurances on Lives and Granting Annuities, Philadelphia, Pennsylvania, the two depositaries for said bonds named in the Deposit Agreement, dated May 1, 1930. 3. Holders of said bonds, who have not yet deposited the same with either depositary above mentioned, may make such deposit before December 31, 1930. 4. Holders of said bonds who have already deposited the same may exercise the right of withdrawal within three weeks from the date of the first publication of this notice as provided for in paragraphs Eighth and Ninth of said Deposit Agreement. Failure to make such withdrawal constitutes an assent to said Plan and Agreement. SECRETARY: Roy C. Shaneberger, Thomas S. Hood, • George B. Elliott, * J*’ °' X y Arthur V. Morton. Indianapolis, Indiana. COUNSEL: (Committee repreenting IndianTiilian C Ralston upolis Traction and Terminal ColßJUlian t. naision, pany First Mortgage Thirty-Year Indianapolis, Indiana. 5% Gold Bonds.)

INDIANAPOLIS STREET RAILWAY REORGANIZATION Notice to Depositing Bondholders of Indianapolis Street Railway Company Cenerai Mortgage 4% Gold Bonds 1. a Plan ana Agreement, under date of September 15, 1930, providing for the reorganization of the Indianapolis Street Railway System and affecting the persons and bonds above mentioned and described, has been executed by the undersigned committee, by other committees representing different securities, and by Halsey, Stuart & Cos., Inc., as Reorganization Manager. 2. Copies of said Plan and Agreement have been filed •with the below named depositaries for said bonds named in the Deposit Agreement dated May 1, 1930. 3. Holders of said bonds, who have not yet deposited the same with either of the depositaries below mentioned, may make such deposit before Dec. 31, 1930. 4. Holders of said bonds who have already deposited the same may exercise the right of withdrawal within three weeks from the date of the first publication of this notice as provided for in Paragraphs Eight and Nine of said Deposit Agreement. Failure to make such withdrawal by Oct. 23, 1930, constitutes an assent to said Plan and Agreement. SECRETARY: Gavin L. Payne, ... ... Chairman, m ' ’* ' ® r ’ Indianapolis, Indiana. 207 Continental Bldg., R Fletcher> Indianapolis, Indiana. Indianapolis, Indiana. Carl W. Fennlnger, COUNSEL FOB Philadelphia, Pa. COMMITTEE: (Committee representing In* dianapolis Street Railway Pickens, Davidson, Gause, Company General Mortgage GlUiom * Pickens 47* Gold Bonds). Depositaries—lndiana National Bank. Indianapolis, Indians Provident Trust Company, Philadelphia, Pa.

.OCT. 9. 1930 j

HIGHWAY LOAN PAY DEMANDED State Treasurer to Retain Gasoline Tax Fund. Whether commissioners want to or not the state highway commission must start repayment of its $1,600,000 loan from the cities, counties and towns gasoline tax funds In December. Ultimatum to this effect has been delivered by Mrs. Grace Banta Reynolds, state treasurer, who will withhold gasoline tax funds as repayment of the loan. When commissioners secured the original loan through the state finance board they agreed to begin repayment not later than December. But because they have exceeded their $22,000,000 budget during the first fiscal year of Director John J. Brown’s administration they found that even the $1,600,000 did not eliminate their financial embarrassment. Certificates of Indebtedness were issued contractors and it was proposed to delay the loan repayment until funds came to the department from the sale of the 1931 automobile license plates.