Indianapolis Times, Volume 42, Number 136, Indianapolis, Marion County, 16 October 1930 — Page 20

PAGE 20

PORKER PRICES i SELL DOWN IN I LOCAL TRADING Cattle Sales Dull and Weak; Vealers Show Stronger Undertone. Oct Bulk Early Tod Receipt* 9 10 50 *10.50 6.500 10 11. #.75610.15 10.15 2.000 13 14 !> 65 3 10.05 10.15 6.500 15 9. 10.20 10 25 6.500 1* 9.656 10.10 10 10 ” 9.000 Receipts took a sudden jump this morning at the union stockyards, new arrivals numbering 9,000, and the attendant price decline brought today's figures 10 to 15 under Wednesday's average. The bulk, 140 to 300 pounds, sold for $9.65 to $lO.lO, early top represented by the $lO.lO figure. • Holdovers were 145. In the cattle market the general trade was slow with a weak undertone. Receipts were 700. Vealers showed strength, selling 50 cents higher at sl3 down. Calf receipts were 600. Lambs were around 50 cents higher, the bulk selling at $6.50 to SB. Receipts in the sheep market v crc 900. Chicago hog receipts were 23,000, Including 2.500 direct. Holdovers were 2,000. The opening was slow with scattered bids and sales steady to weak with Wednesday’s average. Some bids were 10c lower. Packing sows held about steady; 180 to 230-pcund weights, $9.8 sto $10; 240 to 250-pound weights. $10.05; packing sows largely $8.35 to $9: smooth sorts to $9.40. Cattle receipts were 8.500; calves, the market steady. Sheep 18.000, steady. HOGS Receipts, 9.000; market, lower. —Light Lights—-<Ho-160i Good and choice $ 9.65 —Light Weights—-<l6o-1801 Good and choice 9-6515 212 <l6O-2001 Good and choice 9.(54* 9.90 —Medium Weights—-(2oo-2201 Good and choice 9.95@ 10.00 <220-2501 Good and choice ... 9.95^10.10 —Heavy Weights—-<2so-2901 Good and choice 10.05610.10 1 290-350( Good and choice 9.65'510.10 —Packing Sows— „„„„ „ <275-500) Medium and g00d... 7 25® 8.75 <IOO-130i Good and choice.. . 8.75a 9.2a CATTLE <Slauehter Class) Receipts, 100; market, steady. —Steers—-(6oo-1,1001 ... „„ Good and choice Common and medium 6.006.10.50 (1 100-1.500) Good and choice I ':™..' Medium 7.00<5'10.25 —Heifers—--1500-8501 . ’ Good and choice * 9 |?S I |-|5 Common and medium 9 a0 Gcod and choice H 2 Common and medium 4.00® 5.50 Low cutters and cutters 2.50® 4.09 -Bulls (yearlings excluded' Good and choice beef 5.00® 6.(5 Butter, common and medium3.so(a a.oo CALVES AND VEALERS Receipts. 00; market, higher.' Good and choice * l 9oß®lioo Cull and common 6.00® 9.u0 —Calves—-<2so-3001 Good and choice s'ool^'lo Common and medium j.oo® 7.a0 STOCKER AND FEEQER STEERS <SOO-6001 . „ Common - *nd° l meduim":: : • • • •* ISK 6!00 Good and choice*^ 0 ?! tgg | gg Common and medium 4.25 a; 6.00 SHEEP AND LAMBS Receipts, 9041; market, higher. Good an dchoice * §!2f; ® ° ° Common and medium 3.50® o.ou —Ewes — . _ ~e Medium.and choice Taow a.io Cull and common l.uu® a.ou

Other Livestock * CHICACicT Oct 16. Hogs — Receipts, *9 P 75®10: packing sows. * 8 35 / i |®' I . s n m ?2‘ h tn 50' light lights, 140-160 JDS., good and cnoire. |9.45'9.75: 160-200 lbs., good and choice, $9.60*a9•90medium weights. 200-250 lbs.. choice. $9 75?/10.05; heawweUthM. 250-390 lbs . good and choice, pack ins sows $275-500 lbs., medium and good. $8 8 J5 S |:9 50: slaughter pigs 100- 30 lbs good and choice $8.85® Recelpts, 8.500: calves, receipts. 2.000. led steers and yearlings. steady to 25c lower, mostly steady to weak; in-between grades predominating: weighty bullocks scarce, hut still slow at recent decline, not much done earlv. best yearlings. sl2 *5. some heM above *l3; she stock uneven: cows, strong; butcher heifers, weak to lower; steers 600-900 lbs., good and choice. *lO 75ft 13 25: 900-1100 lbs., good and Choice $lO 25*513.25: 1100-1300 lbs. good S-S rhoice *1012.50: 1300-laoo lbs.. and choice $9.50(512.25; 600-1300 k°° 4 common and medium. $6.25®10: heifers 550-850 lbs . good and choice. slo® 12.75, common and medium,. sb2s_o 10 rows good and choice. ss.stfiß. common and medium. s4®s 50; low cutter ana cut- ?" S3 2® 4.25; bulls, yearlings excluded. and choice beef, $5.75® 6.75; cutter ?ome<l"um *4.25(5 6: • vealers milk fed. innrt and choice. *10.50® 12.50; medium. 40 cull and common. *6.50®8; sfocker and feeder cattle: steers. 500-1050 lbs good and choice. *7.2545 9. common and medium. $5.25® 7 25. Sheep-Receipts, if non slow strong to 15c higher: advance Sv onChoice %t lambs: better grade natives $7.50<5'7 75; several loads. SB, extreme top. $8 15; bucks $6 50® 7; rangers unsold; white faced feeders. sß2s®. 6 50. lamps. 90 lbs, down, good and choice *7 25® 8.35: medium. $5. 1 5® 7.35, all weights common. $4.50®5.75; ewes 90-150 lbs., medium to choice, *2®2.’Js all weights cull and common. $1®2.50, feeding lambs, choice, $6.50<517.25. Cincinnati!' o. Oct. i6.-Hogs—Re-ceipts. 2,700: held overs. 100: slow, mostly 15c lower on hogs scaling upward from 300 lbs.; 160-180-lb. averages, steady to 25c lower: lighter weights and sows, steadv; bulk butchers. $10.25: 160-lso-lb underweights. . *9.15, some 180-200 lbs.. slo® 10.10: 130-150 lbs., largely $9 50: bulk sows. $8: smooth lightweights up to $8.25. Cattle—Receipts. 450: calves. 200: slow, generally steady on all classes- odd lots of lower grade steers and heilers. *57.50: few in between Jrade vearlings. sß® 10; most beef cows. 4.50® 5.50; bulk low cutters and cutters, *2 50®3.50: one load weighty bulls. $6; lighter weights. $4®5.75: vealers steady: bulk good and choice. sll® 12.50; lower grades. $6.50® 10.50. Sheep—Receipts. 750: slow, about steady: better grade light and handv weight fat lambs. s7® 7.50: weighty ’ambs. downward to $6 50: common throwouts, *5®5.50; fat ewes mostly $2®3.50. Bv Vnited Pres* CLEVELAND. O . Oct. 16.—Hogs—Receipts. 1.800: holdovers, none: steady to 10c or more lower, 180-250 lbs.. $10.25: top. $lO 35; 160-180 lbs., carrying end of lighter weights. $1010: light lights and pigs. $9.75® 10. Cattle—Receipts. 225: common steers, firm, around $5.75®8: cows and bulls, fairlv active. In spots stronger; fat cows. *4.50® 5.75; cutter grades. s3® 4 25: bulk sausage bulls. *5*35.75; calves, receipts. 400: around steady: better grade vealers. $13.50® 14, in fairly active demand: common to medium sorts. slo® 12: culls. s7®9 Sheep—Receipts. 1.500: mostly steadv: good to choice lambs. $7.50® 7 75:common to medium throw-outs downward to $5; good fat ewes. J3Q3.50. By Vnitrd Pres FT WAYNE. Tnd. Oct. 16.—Hogs—Market 10® 15c lower: 120 lbs. down. *8.75: 120-140 lbs.. $9: 140-160 lbs.. $9.25; 160-180 lbs.. $9.45; 180-200 lbs.. $9 55: 200-225 lbs.. *9 65 225-220 lbs.. $9.75: 250-300 lbs.. *9.85, 300-325 lbs.. $9 60 ; 325-350 lbs.. *9.35: 350-400 lbs.. $9.10: roughs. *7.50; stags *5.50; calves. sl2: lambs, $7. By Vnited Press EAST BUFFALO. Oct 16 —Hogs—Receipts 1.200; holdovers. 100; market, less active than earlier; steady to 15c lower: bulk desirable 170-220 Tbs.. *10.60® 10.75: 360-170 lbs.. *10.50® 10.60: weights below 140 lbs , mostly *10.25; packing sows. *8 25 <6 9 Cattle—Receipts. 50: nominally steadv. Calves—Receipts. 100- vealers unchanged: good to choice. *l3. to mostly *l3 50. Sheep—Receipts. 600: lambs, fairlv active generally Ssc higher: good to choice ewes and wether lambs *8: bucks and Inbetween grades. *7.25; throwouts. *8.25. ttu Vnitrd Prss PITTSBPRGi-:. Oct. 16— Hogs—Receipts. 3.000. steady to to cents lower: 170-260 lbs.. *lo® 10 50; 140-160 lbs . *10310.35: desirable pigs. *9.50®9.75; packing sows. *8 505 9. Cattle—Receipts. 15: market, alow to weak. Calves—Receipts. 100; steadv to 50c nigher; better grade vealers. mostly 810 50® 13.50: top. sl4. SheepReceipts 1.000; slow:, steady; good and choice, fat lambs. *7®7.75; lower grades. *43 6.50. By Vnitrd Press TOLEDO. Oct 16.—Hogs—Receipts. 300: market 10®20c lower: heavies. *9 75®10: mediums. *9 85® 10: Yorkers. *9 25#9.50: pigs. *9.35® 9.50 Cattle—Receipts. 200; market, steady. Calves—Receipts, light: market steady. Shep—Receipts, light; market steady. \

New York Stocks ■ ■ ' “ ißv Thomson & McKinnon 1

—Oct. 16Railroad*— Prev. High. Low 11.30 close Atchison.. 205'l 204 1 2 204*a 205 Atl Coast Line 12U’ Balt & Ohio ■ ■ ?6% Chesa A Ohio. 43'2 42% 42% 43% Chesa Coro S L, Chi Ort West 7* ‘ 4 Chi N West.. 49* 49'. 49*. 50 Del L & W 108 108 Del & Hudson - I J2, Erie Ist Dfd j>2 -22, Great Northern * .xSt* Illinois Central 1?2% 102 Kan City 80 51% ,?? * Lou & Nash 113 115 MK & T 29 s . 29* a 29* • 23 Mo Pacific Mo Pacific Dfd. ■ ■ - A , N Y Central 144 143% 144% 144 4 Nor Pacific .. 60% 60% 60 . 61. Pere Mara .... ... 22, call Pennsylvania .. 68*2 68 6B . 7 * Southern Ry .. • 2. St Paul 9’. 9'. 9% 9 St Paul pfd i® I® Union Pacific ‘K W Maryland .. ... ••• ** ’ 4 West Pacific Equipments— Am Car A: Fdy. „■ 40 38’. Am Locomotive. 30*2 30U 30 3O * Am Steel Fd - 2* 4 Gen Am Tank.. ... • '*, 4 General Elec .. 57 5a 2 sa*2 63 2 Lima Loco N Y Air Brake. ... 3 ‘ Press Stl Car ... ••• 3 , Pullman 2?,'4 Westlngh Ar B ... ••• 3 lj? Westignh E1ec...116', 114% 114. 117 .s Rubbers— - 5u£ ,t ?“.V.V.V. "ik • iu , Goodrich ]5% 15% la’s ijf* Gooifcear 43*2 43’. 43 4. Kelly Sprgfld - r, 4 U S Rubber l* l 14 4 Motors-; , Auburn 84 80_ 80 83 2 Chrysler 18', 17', 18 ... Gardner - l* 4 ’ \ Graham Paige .. 5 4-* 5 4 4 Sudlon 23’, 1% l?' .• ::: 4?*: Nash 31% 31V* 31V* 31’* Packard 10% 10V* 10*. 10 a Reo 11*2 11% Studebaker 26 26 Yellow/Truck ... 13 12131* 13 Motor Access— Am Bosch ••• 27 Bendl* Aviation 20'2 19% 19, 20, Borg Warner ... 18>2 18* 18% }?% Briggs 15', 14’, 14’, la's Eaton 17*4 17*4, , 17*4 17‘k El Storage B ... 57 37 Hayes Body .. • ••• 4 Houda 7 6 1 , 6 3 4 i Motor Wheel 18*2 Jfw Sparks W 14 , 14 • Stewart Warner. 20 7 , 20'2 20'2 20'4 Tlmkln Roll 54', 55 1 * Mining— Am Metals 21 3 4 20 3 , 21 3 4 19 ! 8 Am Smelt 56’ 55 3 i 55'a 56 Am Zinc 6 ... Anaconda Cop .. 39333,7 3 , 37’, 38'2 Cal & Hecla. . 10' , 10 10'/* 10 Cal & Ariz 40 Cerro de Pasco 33'2 34 Dome Mines B'4 Freeport Texas 37 37 Granby Corp J3’ Great Nor Ore 19“ Howe Sound „ '... 2JJ? Int Nickel .... 18a 17 7 a 17 7 , 18’a Inspiration • • •, 9fa Kennecott Cop.. 27’k 2('a 27U 27V, Magma Cop 21*2 Miami Copper .. 9’i 9’, 9'a 9 2 Nev Cons 10'i 10 3 , 10 3 s 10'a Texas Gul Sul.. 53'2 53 53 54'2 U S Smelt ... 20 20 oi,s — Amerada 23', Am Republic 13’, Atl Refining .... 25', 24 s , 24’, 25Va Barnsdall 10’, li 2 Beacon 10 9 3 ,i 9 3 k 10V* Houston 56'2 55 5 8 55’a 56 7 , Ind Oil 16*2 16 3/ 4 Indian Refining .. 7 3, 4 Mex Sbd 17 16 3 ,16 Rt. 17 Mid Conti 20 19’a 20 19 3 * Pan-Amer (B).. .. t-; ... 49' = Phillips 22’ 2 Y2’i 22'i 22',j Pr Oil & Gas 27 27'/, Pure Oil 16’k Richfield 7 3 4 7Vi 7>4 8 Royal Dutch ...'. 45=, 45*4 45'a 44 3 i Shell Un 10 7 , 10 3 , 10 s , 10 3 , Simms Pt 13*4 Sinclair 15*4 14V, 14'k 15 V* Skellv ... v.. 20'/, Stand of Cal . 53'i 53 53'i 54*4 Stand of N J S8 7 , 58*2 58 s , 59', Stand of NY .. T7 3 i 27'i 27*4 27'k Texas Cos 44 43U 43>4 43*4 Union Oil 3214 Steels— Am Roll Mills.. 39', 38 7 i 39V4 39*4 Bethlehem .... J5 7 4 75 75 76*4 Byers A M 54*4 53*i 53*i 54 3 , Colo Fuel 36*2333,5 3 , 35*, 36', Cruc Steel ...• 651, 65’, 65*4 65V, Inland 68 3 4 Ludlum 1574 Midland 22 Newton 27 26 Repub I& S. .. 2174 20*4 20*4 22 U S Steel 151 1 149*4 149*4 152*4 Vanadium 53*4 52*4 52 7 4 55 Youngst S & W 21 Vi Youngs S & T. .. ' ... 90 Tobaccos— Am Sumatra 774 7 Am Tob <AI new 112 113 A Tob <BI new 115 114 s * 115 115 7 , Con Cigars 30 30 General Cigar 40*4 40 Lig & Mvers <BI 90 7 , 89'2 89’ 2 90'.4 Lorillard 16V4 16 16 16 Phil Morris ... ... 974 Reynolds T0b.... 46 7 , 46'i 46 1 a 46'/2 Tob Pr A 11 11 Tob Jr B 3 United Cig 5*4 6 Utilities— Abitibi 1074 11 Adwams Exp 227* 22 22 22*4 Am For Pwr 43 4174 41*4 43% Am Pwr <fc Li 67 68 A'T & T 201'i 200 200 20l 7 i Cal Gas & E 1... 48 47*4 47*4 47’/, Com & Sou 10’i 10*, 10*4 10 s , El Pwr &Li 53*c 52', 52'i 54>2 Gen Gas A 6'i 6*, 6V4 6*4 Inti T & T 30 29 29 30 Natl Pwr & Li.. 35*4 34 34 35 No Amer C 0.... 88'i 86',i 86'i 88!, Pac Gas & El 52 52 Pub Ser N J. ... 87 7 ,86 U 86'i 8774 So Cal Edison.. 5172 517* 51% 5174 Std G & El 80% 80*4 United Corp... 24’i 23*, 23*, 24*4 Ut Pwr & L A.. 27*2 26*2 26*4 27Va West Union 144 143 143 144 Shipping— Am Inti Corp.. 28 27*/i 27*4 28li Inti Mer M pfd 1874 18 United Fruit 73 7 4 72*4 72% 7374 Foods— Am Sug 46 Armour A 37, Cal Pkg 57 Can Drv 5374 Childs Cq ... 38 T i ... Coca Cola 171*, 171% 17174 172% Cent. Baking A.. 23', 23 23 23*4 Corn Prod ... 80*4 81 Crm Wheat 41 Cuban Am Sug 4*, Gen Foods 52*4 51*4 52 52*4 Grand Union 1174 Hershey 82 8114 82 81 Jewel Tea ' ... 42 7 4 42*4 Kroger 25*b 25', 25*, 25*, Nat Biscuit 78 7 78'i 7874 79 Pillsbury 30 Safeway St 63*4 62 62 62*4 Std Brands 16 7 , 16*4 16 7 i 16', Ward Bkg 714 674 7*4 7 Drug;— Cotv Inc 12 7 i 12*4 18 7 4 12 Lambert Cos 82'i 82’, 82*, 83

Produce Markets

Ekes (Country Run)—Loss off delivered in Indianapolis. 20c; henerv duality No. I. 23c: No. 2. 14c. Poultry (BuvinE Prices)—Hens, weighins 5 lbs. or over. 15c: under 5 Its.. 17c: Leghorn hens. 15c: springers. 4 lbs. or over. 19c or under 4 lbs.. 16c: ducks, springers. 14o: old cocks. 9®loc: ducks, full feather fat white, lie: geese. Bc. These prices are for No. 1 top duality Quoted bv Kinsan & Cos. Butter (wholesale)—No. 1, 41®42c: No. 78®39c. ' Butterfat—3Bc Cheese (wholesale selling price per pound'—American loaf. 31c: pimento loaf. 32cc: Wisconsin firsts. 27c: LonEhorns. 34c: New York Limberser. 36c. Bv Vnited Press CHICAGO. Oct. 16.—Eggs —Market, steady; receipts 3,754 cases: extra firsts, 28c: firsts, 27c: current receipts 22®23c; ordinaries. 19®21c: seconds. 15®17c. But-ter-Market. firmer; receipts. 6.202 tubs; exarts. 38c: extra firsts, 36®37c; firsts. 32® 33c; seconds. 29®30c; standards. 3594 c. Poultry—Market, steady: receipts. 3 cars; fowls. 20c: springers 17® 20c; Leghorns. 13® 14c: ducks. 15®.17c: geese. 15c: turkevs. 18c: roosters. 16c. Cheese—Twins. 169 4 ®i7c; voung Americas. 18c. Potatoes— On track. 449: arrivals. 103: shipments, 983: market, firm to slightly weaker; Minnesota and North Dakota round whites and Cobblers, 51.40®1 50: Minnesota and North Dakota Red River Ohios. $1.50® 1.70: Idaho sacked Russets. $1.8532.15: Wisconsin sacked round whites $1.50® 1 60. Bv Vnited Press NEW YORK. Oct. 16.—Flour—Dull, but steadv; spring patents. *4.50®4.80. Pork— Quiet: mess. *32.50. Lard—Firmer: middle west spot. $12.10# 12.20. Tallow—Easier: special to extra. 4%®4%c. PotatoesDull: Long Island. $1.50*33.60; Jersey. $2.50®3; Maine. *2.50®3.35. Sweet potatoes—lrregular; southern, baskets. 60c# $1.25: southern, barrels. *3.50§3: Jersey, baskets 50c#$3. Dressed poultry—Firm; turkeys, 22#<5c: chickens. 20#32c: fowls. 13®30c: ducks, 12®15c: ducks. Long Island, 18®21c. Live poultry—Dull and easy: geese. 12®18c: ducks. 14#25c: fowls. t4#2sc: turkeys. 20®S2c; roosters. 14® 6c; chickens. 16# 25c; broilers, 20®30c. Cheese—Easy: state whole milk, fancy to special 24326 c; young America. 18%®21c. Bw Vnited Press CINCINNATI. Oct. 16—Butter—Steady; creamery in tub lots, accordi** to score. 34®37c: common score discounted. 2®3: packing stock. No. 1. 30c; No. *2. 25c: No. 3.15 c: butterfat. 34®36c Eggs—Steadv: cases included: Extra firsts. 31c; firsts. 27c: seconds. 25c: nearby ungraded. 29c. Live poultry—Thin and coarse stock sells only at heavy discount: fowls. 5 lbs. and over. 19c: 4 lbs. and over. 17%c: 3 lbs. and over, 14c; Leghorns. 3 lbs. and over. 13c; roostres. 13c: colored fryers, over 3 lb*.. 18%c: broilers, colored, over 2 lbs.. 19c: broilers. 1% lbs. and over. 25c: Leghorns and Orpington broilers. 1% lbs. and over. 22c: broilers, partly feathered. 15c; Leghorn and Orpington fryers, over 2 lbs.. 17c; roasting chickens. 4 lbs. and over. 18’ie. blactjprmgers, 15c.

Industrials— Am Radiator ... 22*4 21*4 21*4 22*, Bush Term 28*, Certainteea 4*, Gen Asphalt 31 7 . 32 Lehigh Port .... \ 18 Otis Kiev 60*4 % 60 60 60 7 Indus Chems— 4 Allied Chem 219*4 213', 213% 216 Com Solv 19*, 19 19*, 20 Union 64% 63 r , 63’, 65 U S Ind Alco 62*2 6474 Retail Stores— Assoc Dry Gds. .. 30 Gimbel Bros B', B*4 Kresge S S 27*4 May D. Store! 37*4 Mont Ward .... 25', 24’, 24 7 , 25% Penny J. C 46% 46% Schufte Ret St 5 7 , Sears Roe 56*4 54*4 55 55*4 Woolworth 64% 63*, 64 65 Amusements— Bruns Balke 13 Col Graph .... 12*4 12% 12% 12>i Eastman Kru 192% 196% Fox Film A .... 39% 37’, 37*4 39% Grigsby Gru ... 6', 6% 6% 6% Loews Inc 58% 57 57 58% Param Fam ... 50% 49% 49% 50 Radio Corp . . 24% 23% 23*, 24% R-K-O 22% 22 22V, 23% Schubert 10*, 10% Warner Bros ... 18% 1774 18% 18% Miscellaneous— Airway App 11 1074 City Ice & Fu 37’, 38 Congoluem B*, B*4 Am Can 120% 119% 119', 121 Cont Can 50*, 47% 47% 50% Curtiss Wr . . 4*, 4®, 4*, 4*, Gillette SR,. 42 3 , 41’, 42% 38% Real Silk 39% 40 Ulen 13

Dow-Jones Summary

London. New York cables opened at 4.85 29-32. against 4.85 27-32; Paris checks. 123.93; Amsterdam, 12.057; Italy, 92.805; Berlin. 20 43. Bank of England statement as of Oct. 16, shows circulation 357,060,000 pounds, against 359,559.000 pounds on Oct. 9. Ratio 54 per cent against 52 per cent. Bullion 159.021,000 pounds, against 158,082,000 pounds. Owens-Illinois Glass Company declared regular quar erly dividends of 75 cents on common and $1.50 on preferred payable Nov. 15, record Oct. 30. Standard Oil of Ohio reduces gasoline 3 cents a gallon in Cuyahoga county which includes Cleveland. Local competitive conditions given as reason. Mclntyre Porcupine Mines Ltd. quarter ended Sept. 30. profit $542,241 after development expenses interest and taxes, but before depreciation against $498,363 in third ouarter. 1929. Six months ended Sept. 30. profit $1,026,276 before depreciation against $939,542 like period of previous fiscal year. Pickwick Corporation omitted payment of Quarterly dividend of 2 per cent in stock, which three months ago replaced 20 cents cash distribution. Rock Island's September surplus after charges estimated at $1,100,000 against $1,709,275 in September, 1929. Nine months' earnings estimated at $4.42 a share against $9.31 a share in like 1929 period. Artlooro Corporation in third Quarter earned 64 cents a share on 13,000 shares of 7 per cent preferred against 75 cents a common share in like 1929 Quarter. Nine months net loss 834,920 against net profit equal to $1.27 a common share a year ago. Regular quarterly dividend of $1.75 on preferred declared payable Dec. 1. record Nov. 17. # L. A. Young Spring and wire Corporation third quarter net 53 cents a share against $1.34 a share dn September. 1929 quarter. Nine months $2.15 a share ageinst $5.03 a share year ago. Copperweld Steel Company declared initial dividend of 50 cents, payable Nov. 15, record Oct. 31. Netv York Central discontinued heavy repaid work in their shops Saturday and will not resume until Nov. 8. About 6,000 men affected. Sterling cables opened 4.85 15-16, up 1-16; francs, 3.92 1-16. up 3-32; marks, 23.7874. up 7,; Peseta. 9.65, up 12. Idaho Power twelve months ended Aug. profit $1,438,853 after taxes and but before depreciation against $1,279,854 in preceding tw;elve months. Bank of France statement as of Oct. 10 448.000,000 francs against francs Oct. 3. Circulation, 73.968,000,000 francs against 74,515,000,000. and ratio, 53.54 per cent against 53.40 per cent. Production of electricity by Electric Light and Power Industry of United States for week ended Oct. 11 751,000 k.w.h. against 1.695,072.000 in previous week and 1,782,166,009 in like week 1929. according to National Electric Light Association. For like week 1928 output was 1,651,000,000 k.w.h. —J Contracts awarded in Metropolitan Area of New York for new construction of all types during first nine business days of October aggregated $22,360,300 with $15,299,000 or 69 per cent of the total for residential building according to F. W Dodge Corporation. Daily rate or residential contract letting thus far in October was $L700,000, against $1,540,000 forg September and $1,492,00 for October, „?* a ? rav e Corporation nine months profit ? 73 ,116 before federal taxes, against net of $222,822 after federal taxes or $1.41 a common share year ago. William Wrigley Jr. Company excluding foreign subsidiaries third quarter net $1.69 a share on 2,000,000 shares against $1.68 a share on 1,972.462 shares in like 1929 Nine months $4.52 a share on ?’222‘222 shares, against $4.33 a share on 1.9(2.462 shares year ago. Atlantic Refining Company and subsidiaries nine months net profit approximately $4,844,000 after depreciation depletion taxes intangible development costs etc. equal to $1.8(5 an average common share outstanding against $13,687,000 or $5.48 an average share in like 1929 period. First National Stores earnings for second quarter of fiscal year ended Sept. 30, estimated i51.25 a share on 820,700 common shares or double dividend re--9^i r . e n r 2 en i s as against $1.51 a share on (74,898 shares in like 1929 quarter. Standard Oil of Indiana through Lago Petroleum proposes to x Royal Dutch, Shell. Gulf Oil and Creole Petroleum that Venezuelan crude oil production be curtailed 9 per cent of output as of Oct. 1, 1930. Chicago & Northwestern Railroad in seven months earned 48 cents a common share. Klein Company declared quarterly dividends of 25 cents on common, payable Jan. 1, record Dec. 20. and $1.75 on preferred payable Nov. 1, record Oct. 20 Nine months ended Sept. 30. net profit after charges and federal taxes against $250,525 like period 1929.

CITIES SERVICE FIRM SETS EARNING MARK Utility Establishes, for 29th Year, a New-High Record. > Bv Vnited Press NEW YORK, Oct. 16.—The Cities Service Company, in the year ended Sept. 30, establishes for the twentyninth consecutive twelve-month period, a new-high annual earnings record, it was announced today. For the first nine months of 1930 a larger total of net earnings was reported than for the entire year of 1929. Net earnings for the year ended Sept. 30 amounted to $58,130,186 which was 7.25 times the interst and discount on the company's debentures. and was equal to $1.46 a share earned on the common stock, as compared with $1.13 a share in the previous year.

Other Livestock By Times Special -„£‘ < - )trIs Y* LLE - Oct- 16-—Hogs—Receipts. <00: market. 15c lower; 300 lbs. up. 10c lower; 200-300 lbs.. *9.25; 175-200 lbs.. $9.50; 130-175 lbs.. $8.45: 130 lbs. down. *6.74: roughs. $7.30; stags. *6.30. Cattle— Receipts. 200; market slow, weaker: prime heavv steers. *8®.9.50; heavy shipping steers. *6.50#8: medium and plain steers. *s® 6.50: fat heifers. *5.50®9.50; good to choice cows, s4® 5.50: medium to good cows. $3.25® 4: cutters. $3®3.25: canners. *2® 2.75: bulls. $334.50: feeders. $6®7.25: Stockers. $4#’6.25. Calves—Receipts. 200: market steady: good to choice. sß® 10.50: medium to good. $6®7.50: common to medium. s3®4. Sheep—Receipts. 200; market steady: ewe and wether lambs. $7: buck lambs *6; seconds. 54®4.35: clipped sheep. *2.505 3.50. Wednesday's shipments: Cattle. 30: calves. 213; hogs. 169; sheep; 247. NEW YORK COFFEE RANGE „ . High low. Close. M*rch 6.05 5.94 5.98 May 5.90 5.70 5.77 July 5.63 5.60 5.67 September 5,67 5.55 5.57 December r. 35 6.39 7.05

THE INDIANAPOLIS TIMES

FOREIGN NEWS SENDS FUTURE MART UPWARD Unfavorable Weather Over Wheat Belt Another* Bull Factor. Bu United Press CHICAGO, Oct. 16.—Strong foreign cables and the unfavorable weather over the belt gave wheat a sharp rise on the Board of Trade today. Liverpool was firmer, the improvement coming on the higher Argentine exchange and the better tone with only Russia continuing to press the market. Buenos Aires shot up sharply. Cold weather, rain and snow were general over the American and Canadian northwest with the forecast for freeing over most of the western and central part of North America tonight. Com was firm and oats steady. At the opening wheat was % to l'sc higher. Com was % to lc higher and oats M to %c higher. Provisions were steady. Liverpool was stronger than expected, opening higher and holding the gain the rest of the day, standing Vs to lVsc higher at midafternoon. Buenos Aires opened lc higher, largely on the higher exchange rate. The official French report placed the crop at 210.000.000 bushels, or 105.000,000 bushels under a year ago. An increase of 3,124,000 bushels in the world’s visibly supply was sharply lower than a week ago and the total of 432.585,000 bushels is now 14,000,000 bushels under the figures of a year ago. Rains Are General Rains were general over the corn belt, with snow in some parts of lowa and the northwest, which will hinder the field work and hold up the movement. There was some closing spreads Wednesday between wheat and corn. Oats acted independently most of Wednesday, showing good strength on the prospects for damage to the Canadian crop and the good feed demand. With the advent of colder weather the demand is likely to increase.

Chicago Grain Table —Oct. 16—/ WHEAT (Old) Prev High. Low-. 11:00. close Dec. ......... .7998 .7894 -78-4 "8 1 2 Mar 83>,s May 85 .84% .8494 .84>/a July 86 .85', 4 .85 1 .3 .84% CORN (Old) Dec 79 Vi .78% .78% .78*i Mar 80% .79% .79% .7994 May 8314 .83 .83' 4 .33% July 83% .83',i 83% .8194 OATS (Old) Dec 37% .37 .37 .37’i Mar 39 .38% .38% .38% May 409 s .40.40 .40 Vi RYE (Old) Dec 49>* 49 .49 .48% Mar 539s .53% .5394 .53 May 5594 .55 y. 55 .54% LARD— Dec 11.00 10.97 11.00 11.05 May f 10.85 Bv Times Special CHICAGO, Oct. 16.—Carlots Wheat. 6; corn. 159: oats. 30: rye. 0, and barley. 7. DISCUSS WATERWAY Indiana Commission Meets With Governor. James P. Goodrich, former Indiana Governor, and W. A. Guthrie, former state senator, members of the $12,000-a-year deep waterways commission of Indiana, conferred today with Governor Harry G. Leslie about the work of the commission. Talk centered around the long discussed deepening of the St. Lawrence river. Dean J. H. Skinner of Purdue university is the third member of the commission. Each year since 1927 they have been given a $12,000 appropriation. At the close of this fiscal year, Oct. 1, they returned $9,114,69 to the general fund, having spent $2,885.31 traveling to Washington and attending meetings during the year. No*member receives compensation for services. LESLIE LAUDS LIONS \ Praises Depression Plan to Spend SIOO Each. Governor Harry G. Leslie today issued an official indorsement of the national movement of the Lions Club, being observed by the Lions Club here, to spend SIOO each to revive prosperity. The Governor’s statement follows: “My attention has been called to the laudable efforts of the Lions Club organization to boost business confidence during the week of Oct. 19th. “I am glad to indorse this splendid effort, it is worthy the attention of the buying public and should result in much good.” , Chicago Stocks Opening (By James T. Hamill & Cos.) —Oct. 16— Asso* Tel Util.. 22%Tnsuli 6s 1940... 97 Bendix Avia .. 20V- Lynch Glass ... 18 Borg Warner .. 18% Majestic Hsehold 17% Cent So West.. 18% Marshall Fields 35% Cord Corpn ... 59 Midland Un com 22% Cont Chi Cor c*. 194 Middlewest com 23 % Conti Chi Corp 47 Nor &So Amer 12 Chi Corpn com 7 Swift &Cos ... 29 Chi Corpn pfd 41% Swift Internatl. 3294 Chi Securities. 18% U S Radio & Tel 17% Gen Th Equip 24 Util & Indu com 10% Grigsbv Grunow 6% Util & Indu ofd 20„ Elec Hsehold .. 31% Zenith Radio .. 5 Insull com .... 48 Births Girls Joseph and Dorothy McCartin, St. Vincent's hospital Francis and Gladys Boatman. St. Vincent s hospital. Earl and Gladys Gillen. St. Vincent's hospital. Jack and Dorothy Bennett. 2350 English. Clay and Helen Gustin. Methodist hospital. Charles and Ruth ?aul. Methodist hospital. Harry and Emma Gause. MethoTist hospitaL boy. Twins Bvron and Elizabeth Russell, (09 South East. boys. Deaths Marie Regina Kerr. 69. St. Vincent's hospital, uremia. James Dovle. 83, 1072 West Twentyeighth. arteriosclerosis. Hilda Stewart. 45. citv hospital, intestinal obstruction. Jane Bigalow. 81. 240 Blue Ridge road acute dilatation of heart. Elizabeth Lloyd. 83. 324 East Sixteenth, cirrhosis of liver. John Leonard Welmer. 31. 2837 North Gale, cerebrospinal meningitis. Ruth Weeplev. 64. 440 West Twelfth chronic interstitial nephritis. John Cushman. 64. 1818 Barth, arterio sclerosis. Sim Graham. 55. 938 North West, acake nephritis. 1 w GGeorge Kerry Lee. 9 mo , city hospital, acute gastro enteritis.

BELIEVE ITORNOT

IMO Kin* faawi Srndrcat* (at. arm> Srttm ngtu ■("(

Following is the explanation of Ripley’s ‘Believe It or Not,” which appeared in Wednesday’s Times: Arrived at Scene of Accident Before It Happened—On Nov. 8,1905, attaches at a hospital near Wilkes-Barre, Pa., saw a freight train and passenger train ing toward one another on a

The 'City in Brief

FRIDAY EVENTS Indiana State Teachers Association convention. Murat theater and Cadle tabernacle, all day. Exchange Club luncheon. LincolnOptimist Club luncheon. Claypool. Altrusa ClnbUuncheon. Columbia Club. Knights of Columbus luncheon. SpinkArms. 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. United States Naval Academy Graduates. luncheon. Columbia Club. Reserve Officers Association luncheon, Board of Trade. Delta Chi luncheon, Spink-Arms. Lambda Delta Phi convention, Claypool. 6 Indiana County Superintendents Association. convention, Lincoln. Word was received today by statehouge employes of the election of Ralph T. Wilcox, state forester, as secretary-treasurer of the National Association of State Foresters at the association's annual r/jeeting in Portland, Ore. The national membership trophy won by the Indianapolis Association of Life Underwriters son increasing its membership from 156 to 542 in the last ‘year, will be displayed by the association’s monthly meeting in the Spink Arms Friday night. William Herschel will speak at the first meeting of the Brotherhood of the First Baptist church, Monday evening. Musical features will be given by Misses Christene Maguire and Esther Wexler, vocalists and instrumentalists. Dinner at 6:30 will be served by the Ladies’ Social circle of the church. J. E. Shewmon, president of the men’s organization, will preside. Appointment of Dr. J. F. Spaunhurst of Indianapolis, as state educational chairman of the American Electronic Research Association, is announced by President E. Lee Burch of San Jcse, Cal. Dr. William C. Dennis. Earlham college president, will discuss “The Golden Mean in Diplomacy” at the Indianapolis Exchange Club 'luncheon Friday noon at the Lincoln. The Rev. Elmer J. Ritter, who was diocesan delegate at the recent International Eucharistic congress at Carthage, Africa, will address the Knights of Columbus luncheon club meeting at the Spink-Arms Friday. The event observes annual ladies’ day. Dr. George Wood will lead the weekly fellowship dinner of Northwood Christian church at 6:30 tonight at the church, Forty-sixth street and Central avenue. The Rev. George W. Wright, missionary on furlough, will address th§. Indiana Presbyterian Missionary Society’s annual district meeting in Memorial Presbyterian church Friday. , Because of ward meetings, the Marion County Jefferson Club will not meet until Nov. 21, B. M. Ralston, president, announced today. Carl Wilde, attorney and referee in bankruptcy, has been elected president of the Lawyers Club of Indianapolis. Austin V. Clifford is vice-president: Grier M. Shotwell, secretary, and Volney M. Brown, treasurer. Mass meeting of the northern division of Marion County Good government Club at the home of Mrs. Grace Woodruff. 1757 Ruckle street, Friday night will be open to the public. Boy Scoutmasters will study map making and reading of field notes in a training course to open at 7:30 Monday night in Central Christian church. *

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

curved single track of the D. L. &—W. railroad. They foresaw that a collision was inevitable, and rushed an ambulance to .the scene of the accident a few minutes before the trains collided head-on. An account of this is contained in the Wilkes-Barre Record of Nov. 9, 1905.

PETITION FILED FOR BOND ISSUE Northern Indiana Utility Seeks New Financing, The Northern Indiana Public Service Company in a petition filed today with the public service commission of Indiana seeks authority to issue and sell $14,000,000 of bonds for financing the extensive construction program which it is carrying on in northern Indiana. The petition proposes to issue $14,000,000 principal amount of the company's first and refunding mortgage gold bonds to mature in not more than forty years, and to bear annual interest of 414 per cent. Funds obtained from the issue will be used to reimburse the company’s treasury for capital expenditures already made, to aid in the financing of additions and extensions to plant and property during the balance of 1930 and 1931, and for other corporate purposes.

Net Changes

Bu United Press NEW YORK. Oct. 15.—Closing prices and net changes on principal stocks traded today on the New York Stock Exchange follow: , / Up. Off American Can 121 2 . Americait Telephone 201% 2% Bethlehem Steel 76% 1% Case 128 2% Consolidated Gas 9% IV. - General Electric 8 Gillette 38% International Telephone ... 30 a Loews Inc 58% -• * National Biscuit .79 % National Power 35 1% Packard lOV2 -4 Radio 24% % Radio Keith 23% 1% Standard Oil N J 5974 }% Union Carbide 65 1 United Corporation 24% A • U S St tel .152% 3% Vanadium 55 4% ... Westinghouse Electric 117*4 47a ...

Bank Clearings

INDIANAPOLIS STATEMENT —Oct. 16— Clearings $ 4.241.000.00 Debits 7,851,000-00 NEW YORK STATEMENT Clearings $1,536,000,000.00 Balance 221,000.000.00 Fdl. Res. Bnk. Cr. Bal 195,000,000.00 CHICAGO STATEMENT Clearings $102,100,000.00 Balance 8.300,000.00^ TREASURY STATEMENT Net balance for Oct. 14....$ 252,449.210.21 Expenditures 6,493,650.51 Customs to date 15.879.889.98

New York Bank Stocks

Bid. Ask- ; ! America 81 83 : Bank of United States ' 31 32h I Bankers 130 132 Brooklyn Trust 630 64a Central Hanover 285 287 Chase National 120 122 Chatham Phoenix National.. 94 96 Chemical 58 59 City National !??''* }?1 Corn Exchange .... 152 153 Commercial 305 325 > Continental 20 ,21 Empire 62 63 First National 4,375 4.450 Guaranty 5a4 oaj Irving 42 43 Manhattan & Cos 100 101 Manufacturers 68*3 70 New York Trust' 209 212 Public : 86 88 i Chelsea 24 27 New York Curb Market IBv Thomson A: McKinnon) —Oct. 16— * 11:30 MfcProd 6*t Am Com P fA) 18 3 NWional Sugar 28 7 Am Gas & E1..101 Nat Screen 18 Ark Gas 7 3 i Newmont Min .. 65 Aviation of Am 33‘Nia Hud Pwr.. 13*4 ' Brazil P & L. 24 3 < Noranda 14'< Cons Gas .... 3'.Pantepec 2 Crocker & Wh. 11 Penroad ■■■■ ■■ Durant Motor. I‘ 2 Prince k Whtlv 3' Elec Bond Sh.. 57 7 Sei Indus 3-* Ford Os Can. . 20'< Shenandoah 7 Ford of Eng ... lgli Std of tad 42‘i : Ford of France 10 Std of Ky .....-- s , Fox Theater... 7 Std of 0hi0... 64 Goldman Sachs 12 Un Gas 'new.. W Hudson Bay ..a 5 Un Lt Ae Par.. 31’. Humble Oil .... 74*i Un Verde ** find Terr A ... 25*4 Ut In tad J 5-, stat f tat Pete 14 7 VUt Pwr ....... 13vi Lion Oil II 1 * Vacuum Oil M Midwest Ut ... 23‘. Walgreen 27*4 Mo Kan Pipe.. 11 >3 ,

1 V |-< Registered 0. g. JL# T ueteot Off 100 RIPLEY

Docs One-Half of Two and Two Equal Two or Three? —The answer is two. Had the question read, “Do one-half of two and two equal two or three?” the answer would be three. Friday—The Athlete ‘‘ooh-Bah.

Local Wagon Wheat

City grain elevators are paying 73c for No. 1 iad wheat and 67c for No. 1 hard wheat. Hammer Injures Farmer COLUMBUS. Ind., Oct. 16. Lurid Danforth, farmer southeast of here, sustained an injury to an arm when a sledge hammer with which he was driving a fence post broke from the handle and struck him on the arm just below the elbow. Both bones were crushed and the arm was badly bruised.

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

We take pleasure in announcing that Mr. Louis T. McFadden PTisrrmsn Committee on EUnlnng and Currency House of Representative* has been elected Chairman of the ■ Board of Directors of this Corporation. / Transcontinental Shares Corporation 72 Wall Street New York City Sponsor of UNIVERSAL TRUST SHARES

' Stability ♦ Earning Rower Analysis is convincing intelligent men and women of moderate means that . . American Loan Cos. 8% Tax Exempt Preferred Stock Is a safe investment for their surplus funds . . . non-speculative and yielding a steady, generous income. Write for Complete Information iNVEtTMENT.t 820 NEW CIRCLE TOWER Lincoln 522 J

.OCT 16. 1930

STOCK SHARES SHOW ONEVEN SALES ACTION Gains and Losses of Point or (More Distributed Through List.

Average Stock Prices

Aversie of thirty industrials forWednesdav was 200R6. up 3.56. Average of twenty rails of twenty utilities w'. .- uo VAverage of forty bondr was 96.56. up .15. Bu United Press NEW YORK, Oct. 16.—Stocks opened irregular today, ranging from losses of more than a point to gains of a point in fairly active trading. United States Steel at 151%. off 6: Bethlehem Steel 73 ! 5, off 1%: Westlnghouse Electric 116 I s, off 1%, and American Telephone 201, off %. Among the gainers were Auburn Auto 84, up 1; American Smelting 56%; Columbia Gas 48. up v i; Texas Corporation 44, up H, and National Power and Light 35%, up U. United States Steel dipped lower after the opening. Shortly after 10 o'clock the issue was down to 150 %. off l*s from the opening and 1% below the previous closer Westinghouse Electric extended its initial loss and other leading issues sagged, unsettling the market so far as price was concerned. Trading, however, slowed up and the list took on a more orderly appearance. Consummation of the merger of Gillette and Autostrop brought in heavy buying of Gillette. The stock opened at 4114, up 2%, and then rose to 42.

In the Stock Market

(Bv Thomson <fc McKinnon* NEW YORK. Oct. 16.—A closer scrutiny of the foreign trade figure* reveals several important developments, the most outstanding of which is the great imrovement in our cotton exports. The census bureau places September cotton exports the highest for that month since before the war. It is interesting to note that wheat exports from the United States and Canada also are showing gradual but steady improvement. Total shipments from July 1 to date exceed those of a corresponding period a year ago by 45 per cent. Here we have concrete examples of what the decline in agricultural prices is accomplishing in the way of stimulating foreign distribution. If last week’s brokers loan statement is any criterion we should have another reduction today. Not only should loans with brokers decrease, but also the collateral loans of member banks of the reserve in view of the liquidation. Premiums continue to advance on stock for Borrowing purposes, with United States Steel loaning for a time late Wednesday at 1-32. With this internal factor, and the mixed character of the news, we probably must take our cut for the immediate trend from the action of the market.