Indianapolis Times, Volume 42, Number 167, Indianapolis, Marion County, 21 November 1930 — Page 21

NOV. 21, 1930.

STOCK SHARES IRREGULAR IN i LIGHT SESSION Small Gains and Losses Are Distfibuted Through List; Steel Off.

Average Stock Prices

Averse*’ of thirty Industrials for Thursdsv was 187.00. off AH. Averse* of twenty relis was 109 12. no 81- Average of twenty utilities was 06.16. ofT .70. Averaee of forty bonds was 93 63. up .03. By United Press NEW YORK. Nov. 21.—Overcoming early reactionary tendencies, the stock market resumed its forward movement today. The list moved from net losStes of fractions to more than a point to net gains ranging to 4 points. Automobile shares —Chrysler outstanding—featured. Their rise brought buying into motor equipment issues and the latter made substantial gains. Amusements were better under Loews lead; Case lirmed up 2 points in the harvester group; National Biscuit rose more than a point in the foods. Leaders such as United States Steel and $ Westinghoure Electric were up fractions to 3 points. Vanadium Gains Best gains were made by Vanadium at 574, up 2?i; Air Reduction 10614, up l : 'i; A. M. Byers 48%, up 1%; United States Pipe and Foundry 30%, up 2; Simmons 18. up Vz, and Westinghouse Electric 104%, up 1. In the motor division Chrysler spurted 1%, to 20*.=, while Packard rose %, to 9 4, Auburn 3 points, to 82'4, and Studcbaker %, to 24%. Electric Autolite soared 5 points, to 57, to feature the. auto equipment Issues. Utilities Move Up % Utilities gained fractionally after early declines. Railroad shares moved irregularly with Delaware and Hudson off 1 at 145, and New York Central up % at 135. Coppers eased slightly and held steady while special issues made substantial gains in many instances. Trading became somewhat more active on the advance. Call money renewed at 2 per cent.

Bank Clearings

INDIAN ATOMS STATEMENT Nov. 21— Clearinzs 2 --52.696.000.00 Debits 6,758,009.00 —Nov. 21— NEW YORK STATEMENT clearings .$837,000,000.00 Balance 130,000,000.00 Fell. Res. Bnk. Cr. Bal 110,000,000.00 • TREASURY STATEMENT Net balance for Nov. 19 $100,997,296.18 Expenditures 8,649,269.33 Customs root. mo. to date... 22,771,984.78 CHICAGO STATEMENT —Nov. 20— By United Press Clearings $83.700 000.00 Balances 5.900,000.00 Hawaiian Volcano Is Active HONOLULU, T. H„ Nov. 21. Scores of sightseers visited Kilauea volcano on the Island of Hawaii as the big crater showed fresh signs •of activity today.

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New York Stocks <Ev Thomson & McKinnon)"™"

—Nov. 21— Railroad*— . „ Prev. High. Low. It 30 close. ! Atchison 1944 194 At! Coast Line . ; Balt & Ohio 754 74 4 76 <54 Chesa & 0hi0... 43 424 43 43 : Chess Coro ’2,, Chi Ort West 74 I Chi N West j? 434 Del L & W ,B|4 Del & Hudson lj® . Erie ... 30 30 Great Northern 2 Gulf Mob & Oil 21 Illinois Central ja Kan Cl tv So * Lou & Nash Mo Pacific 3a 344 Mo Pacific ofd 1014 1014 N Y Centra! 13a N Y N H & H ■■ 88 Nor Pacific 54 % Norfollc & West 2104 O jfz w . . • . - J v 8 Pennsylvania ... 60% 604 604 61 Ppartin? ... • • 93*2 So Pacific'.' 1034 1034 1034 1034 Southern Rv ... 67 4 67 67 7 St Paul 74 74 <4 < / St Paul Dfd .... 124 124 124 13 St I, &S F .... 66 4 66 66 67 4 Union Pacific. 191 191’/ Wabash W Maryland 134 West Pacific 9 4 Equipments— Am Car & Fdy 34% 34•;a Am Locomotive 32 Am Steel Fd 29 4 294 Am Air Brake 8 374 ... Gen Am Tank .. 66 4 66 4 66 4 674 General Elec ... 504 494.504 504 Gen Rv Signal.... ... ... 68 4 Lima Loco 6 ... 23 Press Stl Car ~ 4% Pullman 624 62 Westlngh Ar B 34 4 33 4 34 4 34% Westinch Elec ..104 102 4 104 1034 Rubbers— Firestone 18 3 a Fisk , 14 14 14 14 Goodrich 21 Goodyear 51 50 4 50 4 50-a Kelly Sprgfid . 24 24 24 24 Lee Rubber 4 4 U S Rubber 16 154 16 154 Motors— Auburn 804 794 794 794 Chrysler 204 194 204 194 Gardner . . ... 2 Graham Paige .. 44 44 44 44 General Motors . 36 4 36 26 4 364 Hudson 26 4 26 4 26 4 26*x Hupp 94 Mack 48 474 48 474 Marmon ... ... 8 Nash 304 294 304 304 Packard 94 94 94 94 Pierce Arrow . ... 214 Reo 104 10 104 104 Studebaker 244 234 24 234 Yellow Truck .. 114 104 114 114 Motor Access— Bendix Aviation. 184 184 184 184 Borg Warner ... 184 18 18 134 Briggs 18 174 174 17 Budd Wheel .... 10 9% 94 10 Eaton 164 16 164 16 El Storage B ... 59 53 4 58 4 53 Hayes Body .... 54 54 54 54 Honda ... 64 64 Motor Wheel ... 164 164 Sparks W 124 12 12 124 Stewart Warner. 204 204 204' 204 Timkin Roll 174 474 474 484 Mining— Am Metals 204 Am Smelt 514 514 514 524 Am Zinc 64 6 Anaconda Cop.. 364 36 364 364 Cal & Hecla 104 11 Cal & Ariz 37% Cerro de .Pasco. 30 4 29 % 29% 304 Freeport Texas.. .. ... ... 334 Granby Corp ... 17 174 Great Nor Ore.. .. ... ... 22 Howe Sound < ... 234 244 Int Nickel 18% 18 18% 184 Inspiration ... 104 104 Kennecott Cop.. 284 274 284 284 Magma C0p.... ... 244 234 Miami Copper. .. 104 104 104 114 r.ev Cons 124 12% 124 124 Texas Gul Sul.. 63% 524 53 53% U S Smelt 23 Oils— Amerada ... 214 Am Republic ... ... 12 Atl Refining... 224 224 224 224 Barnsdall 144 14% Beacon 94 Houston ... 10 10 Ind Oil 154 Indian Refining.. 44 4% 44 44 Mex Sbd 144 14 14% 14 Mid Conti 174 17 17 174 Pan-Amer (B) 4.34 Phillips 20 4 20 4 20 4 204 Pr Oil & Gas.. 194 194 194 204 Pure Oil 114 11% Richfield 64 64 64 64 Roval Dutch 384 384 384 384 Shell Un 84 84- 84 84 Sinclair 134 134 13% 134 Skellv 15 15% Standard of Cal 50 4 50 4 Standard of N J 544 54 % 544 . 55 Standard of N Y 254 254 254 264 Texas Cos 384 374 384 38 Union Oil 27 Steels— Am Roll Mills.. 334 324 324 34 Bethlehem 644 634 644 64% Byers A M 46% 45 4 46 % 46% Colo Fuel 26 Cruc Steel 594 Ludlum 15% 144 144 154 Midland 244 25 R-epub I & S 19% 19% U S Steel 1474 1464 1474 1474 Vanadium 56% 54 4 56 % 544 Youngst S & W .. ... ... 244 Tobaccos— Am Sumatra 94 A Tob A (new) 1074 1084 A Tob B (new) . 1084 ' 108

General Cigar... 374 344 374 374 Lie & Myers B . . .. ... 84% LorD’.ard 14% 134 144 13% Phil Morris ~. 94 Reynolds Tob... 44% 44 4 44 4 44 4 Tob Pr A 104 United Clg 54 Utilities— Adams Esp 20Vi 20 20 4 204 Am For Pwr 41 394 41 40;, Am Pwr & Li... 544 53 54:4 53% AT&T 190 189 190 1904 Col Gas & E 1... 384 374 384 384 Com & 3ou ... 10 94 9% 94 El Pwr & U ... 454 444 454 47% Gen Gas A 6 64 Inti TANARUS& T 29 28 4 29 29% Inti T & T 29 284 29 296, Natl Pwr & LI.. 374 364 374 364 No Amcr Cos .... 73% 71 73 73 Pac Gas & El 49Vi 494 Pub Ser N J .. 76 4 75 4 76 76 4 to Cal Edisl *<B 484 td G & El 70 4 704 United Corp ... 284 274 28V, 20 Ut Pwr & L A.. 254 24% 25 254 West Union ... 1434 142 142 143 Shipping— Am Inti Corp . 23 224 23 224 Inti Mer M pfd 174 17 17 174 United Fruit 67 664 Foods— Am Sug ... ... ... 49 Armour A 4 34 4 4 Beechnut Pkg 52 Cal Pkg 52 Can Dry 40 39 Vi 40 404 Childs Cos 314 31 31 32% Coca Cola 1564 Cont Baking A ... 224 Corn Prod 814 804 804 824 Cudahy Pkg ... ... 40% Cuban Am Sug. 34 34 34 ... Gen Foods 51% 51% 51 Vi 52 Orand Union... 134 Hershev ... ... 88% Jewel Tea 444 Kroger 23 22 4 22 4 23 4 Nat Biscuit 78 76 4 76V, 784 Pillsburv 29 Safeway St 52% 52 52% 534 Std Brands .... 15V, 154 15% 154 Ward Bkg 6% Drugs— Cotv Inc 10% 10 10 10 Lam’ ’rt Cos ... ... 82 Lehr, & Fink 26 Vi Industrials— Am Radiator... 204 20% 304 20% Bush Term 254 254 254 ... Certainteed 4% 4 Gen Asphalt . 30 4 304 Otis Elev 59(4 58 59(4 534 Indus Chems— Allied Chem 208 2054 208 * 298 Com Solv 18Vs 174 174 174 Union Carb 61 Vi 61 61 624 U S Ind Alco 68 68 Retail Stores — Assoc Dry Gds 284 Gimbel Bros . 64 Kresge S S 27 26 4 26 4 27 May D Store ... . 354 364 Mont Ward 2i 194 204 204 Penny J C 334 334 334 334 Schulte Ret St.. .. ... ... 5 Sears Roe 514 51 514 514 Woolworth 604 594 60 60Vi Amusements— Col Graph 114 114 114 114 Eastman Xod 1684 Fox Film A 34% 334 344 34 Grigsby Gru ... 44 44 Loews Inc 60 4 59 60 4 594 Pal am Fam .... 46 45 Vi 46 464 Radio Corp 174 164 174 174 R-K-O 23 4 22 . 22 4 224 Schubert 74 64 64 7 Warner Bios ... 194 194 194 19Vi Miscellaneous— Airway App .... 12 11 11 104 City Ice & Fu 374 Congoleum ... ... 84 Am Can 1174 1164 1174 1174 Cont Can 50Vi 50 50Vi 50 Curtiss Wr 34 34 3!* 34 Gillette SR 33 4 32 4 33 33 Real Silk 34Vi Ulen 154 15 154 144

New York Curb Market

(By Thomson & McKinnon) —Nov. 2i—--11:30 11:30 Am Gas & EL. Oils Nat Pub Serv A 18 1: , Am Lt & Tr.. 46 INewmont Min .. 56% Ark Gas 7 SNla Hud Pwr.. 11% Can Marc 2% Noranda 17 3 i Cities Serv 19 7 aiPenroad 7 3 a Cons Gas 88 3 i'Prince & Wrtlv 1% Cord 5 ’.Salt Creek 7 Crocker & Wh. 10 Sel Indus 2% Elec Bond Sh.. 49 JShenandoah ... 6!% Ford ol Eng ... 15 7 a Std of Ind 36-/z Goldman Sachs 9%'Std of Ky 2274 Gulf Oil 78 'Stilts 1) Hudson Bay ... 5% I Trans Air Trans 5-% Humble Oil 70 Un Gas (new).. !)% Insull Ut 42% Un Lt & Pwr... 28% Int Pete 14% Un Verde 7% Midwest Ut ... 20%iUt In Ind 8% Mo Kan Pipe .. B%'Ut Pwr lots National Sugar 97ilVacuum Oil .... 647a

Produce Markets

Eggs (Country Run>—Loss off deliveied in Indianapolis. 25c: henerv Quality No. 1. 38c; No. 2. 15c Poultry ißuvina Prices)—Hens weighing 5 lbs. or over. 17c: under 5 lbs.. 16c; Leghorn hens. 13c: springers 5 lbs. or over 17c or under 5 lbs.. 16c: ducks, springers. 12c: old cocks. 9@llc: ducks, full feather fat white. 11c: eecse. Bc. These prices are for No. 1 top aualitv auoted- bv Kinean & Cos. _ _ Butter (wholesale) —No. 1. 35@3Sc: No. 2 34c. Butt’erfat—32c. Cheese (wholesale selling orice per pound)—American loaf. 31c; pimento loaf. 32cc: Wisconsin firsts. 27c: Longhorns. 34c; New York Limbereer. 36c. By United Press NEW YORK. Nov. 21.—Flour—Steady and unchanged; spring patents, $4.10®4.40. Pork—Easier: mess. $31.50. Lard—Dull; middle west. spot. $10.25® 10.35. Tallow — Ouiet: - special to extra. 4Vk@4%c. Pota-toes-Quiet and steady: Long Island. 150325 bbl.; Maine. $2.35®3.10 bbl.; Idaho, 50c ($1.30 sack: Canada, 45c® $1.48 sack. Sweet potatoes—Steady to firm; southern baskets. [email protected]: southern bbrls., $1.50®; 3: jersey baskets. 50c® $2. Dressed poultry —Dull and easy: turkeys, 20@38c: chickens. 16®37c; fowls. 14@28c; ducks. 15® 22c; ducks. Long Island. 20@22c. By United Press CLEVELAND. Nov. 20.—Butter—Extras, 32 %c; standards. 30c. Eggs—Extras, 47c; firsts. 36c. Poultry—Heavy fowls. 21c: medium. 18c: Leghorn, 7@'l4c; heavy broilers. 184/ 19c; Leghorn broilers. 16® 17c; ducks, 15® 18c; old cocks, 14c; geese, 15c; turkeys. 25c: dressed rabbits, $3.50 per doz.; live rabbits. 12@13c a pound. Potatoes—Ohio Round Whites mostly. [email protected] per 60lb. sack; Maine Green Mountain,[email protected] per 120-lb sack; Idaho Russet, $2.25® 2.50 per 100-lb. sack. By United Press CINCINNATI. 0.. Nov. 21.—Butter steady: creamery In tub lots according to score. 30®33c; common score discounted. 24i'3c: packing stock No. 1. 25c; No. 2. 18c; No. 3.10 c; butter fat 28@30c. Eggs— Steady: cases included; extra firsts. 45c; firsts. 33c; seconds. 28c; nearby ungraded, 38c. Live Poultry—Thin and coarse stock sells only at heavy discount; fowls 5 lbs and over. 18c: 4 lbs. and over. 15c: 3 lbs.’ and over. 13c; Leghorns. 3 lbs. and over. 13c: roosters. 13c: colored fryers over 3 lbs.. 15c; broilers colored over 2 lbs., 18c; broilers partly feathered. 12c; Leghorn and Orpington fryers over 2 lbs., 15c; roasting chickens 4 lbs. and over, 22c; black springers. 12c.

Chicago Stocks Opening (By James T. Hamill & Cos.) —Nov. 21— Auburn Motors. 79 [lnsull com .... 42?* Bendix Avia .... 18 <4 Insull pfd 81 Bore Warner... 18 Insull 6's 1940.. 91 Cent So West... 18*4 Mai Hshld 9 Cord Corpn.... 5 Middlew com... 20?; Con Ch Cos com B‘i Nor So Am.. 10 Con Che Cp pfd 40 'Nat'l Standard.. 23', Ch Con com.. s'a Swift Intern.... 32*4 Ch Con pfd 40 Jtil <fc Tnd com.. 8 1 -* Oen Thea E 0... 19 s i ! fTt A- Ind nfd... 18*2 Origsbv Gru 4*4 Zenith Radio... 3'4 Elec Hshld 28*41 Marriage Licenses Milford H. Smith. 23. of 2700 West Liberty salesman, and Veronica H. Kelly. 21. of 2810 East Tenth. Robert C. Franz. 24. of 1523 South East, engraver. and Evelyn S. Geis, 20. of 1521 South East. Harold O. Laut. 31. of 56 North Davidson. metal worker, and Emma L. Riensche. 29. Os 1836 Barth. Harrv E. Reinhart. 33. of 522 East Morris. e'erk. and Ethel Duke. 34. of 402 East New York. James M. Hooker. 26. Ft. Benjamin Harrison. soldier, and Nellie Thompson, 24. of 448 West Washington, waitress. William Johnson. 48. of 2146 Shriver. janitor, and Viola F. Mays. 26. of 2146 Shriver. clerk. William Meier. 32. of R. R. 4. Box 333. eardner. and Louise Mermann. 27, of 1622 East Vermont. Births Boys Virail and Geneva Cash. 803 Chase. Anthonv and Mary Bernardins, St. Vincent’s hospital. Earl and Helen Myers, St Vincent’s hospital. Lloyd and Nettie Pasrwater, 4910 Baltimore. Girls Ray and Lena Harlan, 293 North Bellevleu. Charles and Gertrude Horan. St. Vincent’s hospital. Gustav and Josephine Suess, St. Vincent’s hospital. Deaths Emma Waltz, 61, Long hospital eneeuhalitis. Marie McAlister. 33. Methodist hospital, chronic myocarditis. Earnest Roeder., 51. city hospital, lobar pneumonia. Mary Wlllen Derr, 91. 341 South Randolph. arteriosclerosis. Delpha McKenzie, 35. city hospital. Intestinal obstruction. Emma J. Atwater, 69, 4730 College, chronic myocarditis. Mary Melissa Smith. 88. Christian hospital. chronic nephritis. Emma Stanley, 31, city hospital, septicaemia. Joh-a A Puryear. 75. 714 North West, chronic myocarditis. Johanna Ankenbrock. 70. 3719 Ruckle, acute dilatation of heart. Edward Moran. 74. 529 East Vermont, chronic Interstitial nephritis. Samuel Thompson. 43. city hospital, pulmonary tuberculosis. Nettle Whits®. 74. 664 East 17th, mitral lnsu2i.tf.cy.

THE INDIANAPOLIS TIMES _

PORKERS SHOW HIGHER TREND AT CITY YARDS Cattle Strong With Spots Higher; Sheep Mart Sells Off. Nov. Bulk. Early Top. Receipts. 14. $8.50 $8.65 8.000 15. 8. <5 8.75 4.500 17. 8.60 8.65 11.000 18. 8.40 8.45 1.000 19. 8.20 8.25 9.000 20. 8.25 8.30 8.000 21. 8.30 8.35 9,500 Slight strength, evidenced by a rise of 5 cents, crept into hogs at the city stockyards today. The bulk, 100 to 300 pounds, sold for $8.30 with a few small lots making a price of $8.35. Receipts were estimated at 9.500; holdovers were 219. The general trade was strong in cattle with spots higher. Receipts were 400. Vealers sold 50 cents lower at sll down. Calf receipts were 550. Lambs were weaker, the bulk selling at $7 to SB. Sheep receipts were 2,500. Chicago hog receipts were 24,000, including 10,00 direct. Holdovers were 7,000. The market opened 15 to 25 cents higher than Thursday's average; good to choice 190 to 230pound weights selling at $8.30 to $8.35. An early top of $8.40 was paid for choice 260-pound weights. Cattle receipts were 1,800; calves, 1,000. the market steady. Sheep receipts 10,000; strong. HOGS Receipts. 9,500; market, higher. —Light Lights—-(l4o-160) Good and choice $ 8.30 —Light Weights—-(l6o-180) Good and choice.... 8.30 (180-200) Good and choice 8.30 —Medium Weights—-(2oo-220) Good and choice.... 8.30® 8.35 (220-250) Good and choice.... 8.30® 8.35 —Heavy Weights—-(2so-290) Good and choice 8.30® 8.35 (290-350) Good and choice B.oo® 8.30 —Packing Sows—-(27s-500) Medium and g00d... 7.00® 7.75 (100-130) Slaughter pigs 8.25® 8.30 CATTIE (Slaughter Class) Receipts, 400; market, steady. Good and choi' $10.50® 13.25 Common and medium 6.00® 10.50 (1.100-1.500) Good and choice [email protected] Medium 7.00®10.00 —Heifers—-(soo-850) „ „„ Good and choice [email protected] Common and medium 5.00 @ 8.50 Good and choice 5.00@ 6.50 Common and medium 3.75(d) 5.00 Low cutters and cutters 2.50® 3.75 —Bulls (yearlings excluded) Good and choice beef 5.00® 6.50 Butter, common and medium. 3.00® 5.00 CALVES AND VEALERS Receipts, 550; market, lower. Good and choice $10.50®11.00 Medium [email protected] Cull and common ■ 4.50® 7.00 —Calves—-(2so-300) Good and choice [email protected] Common and medium 4.00® 7.00 STOCKER AND FEEDER STEERS Good and choice S 6.00® 8.25 Common and medium : 4.00® 6.00 (800-1.050) Good and choice 6.00® 8.25 Common and medium 4.25® 6.00 SHEEP AND LAMBS Receipts, 2,500; market, lower. Good and choice $ 7.00® 8.00 Common and medium 4.50® 7.00 —Ewes— Medium and choice 2.50® 4.00 Cull and common I.oo® 2.50 Other Livestock • By United Press PITTSBURGH. Nov. 21— Hogs—Receipts, 1.800; market steady t,o 25c higher; 160230 lbs. [email protected]; 260-290 lbs., 58.50® 8.60; 100-150 lbs.. [email protected]: medium to good sows. s7® 7.50. Cattle—Receipts, none; market nominal. Calves—Receipts, 100: market steady; top vealers, $12.50: bulk medium to good. [email protected]. Sheep— Receipts. 800; fat lambs mostly 25c higher; 90-lb. weights downward, [email protected]; heavy lambs mostly $7®7.75. By United Press EAST BUFFALO. N. Y„ Nov. 21.—Hogs— Receipts, 2,900; holdovers 300; market active to all interests, generally 15@20c higher; bulk desirable 130-240 lbs.. $8.85® E. 90; pigs, $9; packing sows. [email protected]. Cat-tle-Receipts. 275; steady to ?5* lower mostly steady, medium steres, $9; fleshy grassers, $7.40®7.75; cutter cows. $2.25® 3.75. Calves—Receipts. 900; vealers unchanged. $12.50 down. Sheep—Receipts, 2,500; lambs fairly active fully steady; good to choice ewe and wether lambs, $8.75; weighty throwouts and medium kinds. [email protected]; lightweight throwouts and heavy bucks, [email protected]. By Times Soeeiil LOUISVILLE Nov. 21.—Hogs—Receipts, 600; market 10c higher: 325 lbs. up, $7.75; 175-325 lbs., $8.35; 130-175 lbs., $7.85: 130 lbs. down, $7.25; roughs, 56.95; stags, $5.95. Cattle—Receipts. 100; market slow; prime heavy steers. SBS/ 9.50; heavy shipping sters, $6.50®; medium and plain steers, $5®6.50: fat heifers. s4@9; good to choice cows. s4®s; medium to good cows. $3.254/; 4; cutters, [email protected]; canners, [email protected]; bulls, s3@s; feeders. $6(37; stockers. $3.50 @6.25. Calves —Receipts. 200; market steady; good to choice s7®9: mediums. $5 ®6.5(); common to medium, [email protected]. Sheep wether lambs. $7.50; buck lambs. $6.50: —Receipts. 100: market steady; ewe and seconds, [email protected]; clipped sheep, s2 (a 4. Thursday's shipments: Cattle. 28; calves. 96; hogs, 151; sheep. 182. By United Press EAST ST. LOUIS, 111.. Nov. 21.—Hogs— Receipts. 6,000; market opened 20@30c higher: lighter weights up most; bulk me-dium-weight butchers unsold: 120-220 lbs.. $8.40® 8.60; 100-120 lbs.. $8,154(8.25; sows largely $7.35. Cattle—Receipts. 6,000; calves 3,500; market, good and choice vealers 50c lower; top. $7.75; not enough other classes on sale to make a market. Sheep—Receipts, 350; few top lambs to cltv butchers steady at $7.50@8; packers bidding lower; indications steady on sheep. By United Press CLEVELAND. Nov. 21.—Hogs—Receipts. 1.100; holdovers none: steady to 10c higher on most offerings after early attempt to break market: all weights, pigs to 250-lb. weights. $8.50; packing sows. $7; tsags. $5. Cattle—Receipts. 50; steady; odd common sters. [email protected]; load heifers held off market; standard low cutter and cutter cows. 524/.3.50. Calves —Receipts. 250; steady on better grade vealers at $124(13: on cull and common. $64(8 kinds: medium to good. s9® 11.50; offerings draggy; spot 50c lower. Sheep—Receipts. 1.700: lambs strong to 25c higher: good to choice offerings. $8.50 downward; early top. $8.75; throwouts , around $5.50@6; sparingly to $6.50; culls, $4&5. By United Press CINCINNATI. 0.. Nov. 21.—Hogs—Receipts. 4.100; Including 900 direct: holdover, 300: fairlv active, mostly 10c higher: better grade. 170-250 lbs., butchers. $8.65: lighter weights unevenly steady to 25c higher: 120-150 lbs.. $84(8.25: some 160-170-lb. averages. $8.35: sows, steady: mostly $7: smooth kinds up to $7.25. Cattle—Receipts. 450: holdovers, 110: calves, 250; generally steady with some strength on cows especially low cutters and cutters: odd lots common and medium steers and heifers. $5.50(3.7.25: more desirable light weights. [email protected]: beef cows, mostly s4® 5: bulk low cutters and cutters, $2.25® j 3.50; bulls. 55.50: vealers. steady: good ! and choice. s9® 11; lower grades down to $6. Sheep—Receipts. 375: lambs, mostly | steady to strong; spots. 25c higher: better I grade light and handv weights. $7.50 to mostly $8: few desirable lots up to $8.25; I heavy weights draggy; 80 to 90 lbs. averages. $74(7.50: weightier kinds down to $6 or below: common and meduim grade. [email protected]; fat ewes. s2@3. By United Press FT. WAYNE. Ind.. Nov. 21.—Hog market. 10-25 c higher: 100-160 lbs.. $8: 160-200 lbs.. $8.20: 200-250 lbs.. $8.10: 250-300 lbs.. $8: 300-350 lbs.. $7.85: roughs. $7; stags. $5; calves. $11; lambs. $757.50.

Net Changes

By United Press NEW YORK, Nov. 20.—Closing prices and net changes on principal stocks today on the New York Stock Exchange follow: Up. os. American Can 117'a '* ... American A: Foreign Power. 40 T a ... s * American Telephone lSO’a Bethlehem Steel 64** . I** Case 112*a 4a ... Consolidated Gas 90V* ... *a Fox Film A 34 ... ... General Electric 50 3 ... 44 General Motors 36'* 3 ... International Nickel 18* ... *s Loew’s Inc 59’a Montgomery- Ward 20* . 44 National Biscuit 78’a l‘a ... Packard 9 5 s Pennsylvania 61 ... *a Radio 17*4 ... 4* Radio-Keith 22 3 g ... * Standard Oil N J 55 4, ... Union Carbide 62* U S Steel .147 s a 44 ... Vanadium 54*a * a ... Westlnghouse Electric .. a. .103", v ...

BULLISH NEWS SENDS FUTURE MART UPWARD Firm Cables and Stronger Buying Movement Add to Strength. By United Press CHICAGO, Nor. 21.—Firm foreign cables and the encouraging statement by George S. Milnor after tlie close Thursday right brought in moderate buying on the Board of Trade today and wheat opened with good gains. Liverpool was strong on short covering and on the effort to steady prices in Canada. Buenos Aires also opened firm and advanced. Corn rose fractionally, meeting some selling in the way of profit-taking. Oats were up with the other grains. At the opening wheat was %'to % cent higher, com was unchanged to % cent higher and oats were % to % cent higher. Provisions were strong. Liverpool Higher Liverpool was higher than expected and advanced % to 1% cents up by mid-afternoon. Buenos Aires started % cent higher. The wheat market appears to have assumed a more normal condition, which has communicated itself to world markets generally. There were reports that exports were large Thursday and confirmation or denial is expected today. The entire Canadian wheat situation is to be reorganized through the rebuilding of tlie central selling agency. The blizzard in the west was regarded as beneficial to the winter wheat as it provided a covering for the winter. Oats Are Bought Commission houses and investors have been large buyers of corn during the past two days. The stabilization of wheat has removed the menace of a sympathetic decline in corn and the producers still show no signs of increasing the movement. The rough weather has provided a further hindrance. Longs who sold out recently have been reinstating their lines of oats owing to the strength in other grains and this has given the market a better tone. ,

Chicago Grain Table —Nov. 21WHEAT (Old) Prev. High. Low. 11:00. close. Dec 74% .73% .74(4 .73% Mar 76% .76 .76% .75% May 78% .77% .78% .77% July 75 ! /i ,7574 .75 1 2 .7474 CORN (Old) Dec 73% .73 ’ 4 .73% .73% Mar 757s .75 .75 .74% Mav 777-a -77(4 .77% .7774 July 7874 .78% .78(4 .7874 OATS (Old) Dec 32*4 .32% .3274 .31% Mar 34 .33% .34 .33% May 35% .357s .35% .3474 ‘RYE (Old) Dec. 41(4 .41 41 .4074 Mar -43% May .4674 .4674 .46% LARD— Dec 9.80 9 70 May 9.80 9.72 /•„!/ Times Special CHIOAGO. Nov. 21.—Carlots: Wheat. 11: corn, 139; oats, 13: rye. 0, and barley. 7.

Investment Trust Shares

(By R. H. Gibson & Cos.) —Nov. 21PRICES ARE TO 13 NOON C. S. T. Bid. Ask. Amer Founder’s Corn com... 5% (i Am & Gen Sec A 1474 15 3 ,4 Am Inv Trust shares 6 6% Basic Industry shares 674 a 7(4 Corporate Trust shares 6% * 7 Diversified Trustee shares A.. 18% 18% First American Corp 8% 8% Fixed Trust Oil shares 6% 7 Fixed Trust shares A 167s ... , Inv Trust N Y 7U 8(4 Leaders of Industry series A... 8(4 ... Nation Wide Securities 7 7% National Industry shares 6% 7% N Am Trust shares 674 7(4 Sel Am shares 5% 6(4 Shawmut Bank Inv Trust 9(4 11 Universal Trusts 67s 77s S W Strauss Inv Units 45 54 Super Corp of Am Trust sh A 774 774 Trustee Std Oil A 7% ... Trustee Std Oil B 7% 7•/ U S Elec Light & Pwr A 30% 32(4

Indianapolis Stocks

—Nov. 21Bid. Ask. American Central Life Ins C0..850 ... Belt RR & S Yds Cos com 48(4 52 Belt R R & S Yds Cos pfd 65.. 53 Bobbs-Merrill Cos 28,, ... /■Central Indian; Pw Cos pfd 7s 84% 88 Circle Theater Cos com 7s 103 Citizens Gas Cos com 10s 24 Citizens Gas Cos pfd 5s 98 103 Commonwealth Loan Cos pfd Bs. 100 ... -Commonwealth Ln Cos pfd 7s. 100 ... Hook Drue Cos com 20 24 Indiana Hotel Cos Clapl c0m.12,> Indiana Hotel Cos pfd 6s 100(2 ... Indpls Gas Cos com 6s 58 62 Indpls Power & Lt Cos pfd 6%5.100 3 /4 104% Indpls Pu Welf L Assn com 8s 53 Indpls Water Cos pfd 5s 101% ... Interst Pu Ser Cos pr 11 pfd 7s. 97(2 100 Interstate Pub Serv Cos pfd 6s. 85 90 Metro Loan Cos 8s 100 ... North Ind Pub Serv Cos pfd 5%s .. 95 North Ind Pub Serv Cos pfd 6s 95 100 Northern Ind Pu Sv Cos pfd 7s. 106 110 Prog Laundry Cos com 39 E Rauh & Sons Fertll Cos pfd 6s 47 Union Title Cos com 3s 28 ... Van Camp Prod Cos Ist pfd 7s .. 94 Van Camp Prod Cos 2d pfd Bs.. .. 100 Auburn Automobiles Cos com.. 81 83 Backstay Welt Cos common 19 Indiana Pipe Line Cos 22 24 Link-Belt Cos common 33 34 Lynch Glass Machine Cos com lb lb% Mead Johnson & Cos common.. <9 81 New York Central Railroad C0.13a% 137(2 Noblitt-Sparks Industries Inc.. 33 36 Perfect Circle Cos common 24 26 Real Silk Hosiery Mills Inc pfd 85 93 Rea! Silk Hosiery Mills’lnc com 34 34% Ross Gear & Tool Cos 19 24% Standard Oil Cos (Indiana).. 36% 37% Studebaker Corporation 23(2 24% Bonds Belt R R & Stk Yds Cos 4s 85 Cent Ind Gas Cos 5s 97 ... Citizens Gas Cos 5s 101 ... Citizens Street Railroad 55... 21 ... Gary Street Ry Ist 5s 69 Home T & T of Ft. Wayne 65..102%’ ... Ind Railway & Light Cos 55... 95 Indiana Service Corpn 5s 85 Indianapolis Gas Cos 5s 100% 102% Indpls & Martlnsv Ra Hr Cos 5s 12 Indpls & Northw Trac Cos 55.. 5 Indpls Trac & Term Cos 55.... 65 70 Indpls Union Rv 5s 100 Indpls Water Cos 5%s 102% 104% Indpls Water Cos 5%s 103 104% Indpls Wa Cos Ist lien & ref 5s 99 Indpls Water Cos 4%s 95 Indpls Water Works Sec Cos ss. 90 ... Interstate Pub Serv Cos 4%5.. 90 Interstate Public Service Cos 5s 95 Interstate Pub Serv Cos B 6%5.105 Np Ind Pub Serv Cos 5s 100 Nb’ Ind Teleph Cos 6s 98% 100 Ter Haute Trac & Li Cos 55.. 80

New York Bank Stocks

(By Thomson & McKinnon) —Nov. 20Bid. Ask. America 69 71 Bank of United States 24*.a 254a Bankers 116 117 Brooklyn Trust 605 612 Central Hanover 263 266 Chase National 105 105 3 4 Chatham Phoenix Natl... 81 83 Chemical 52* j 53*i ; Citv National Ill's 112*2 Corn Exchange 141 145 Commercial 285 230 Continental 18 19 Empire 56 oV.'a . First National 3.950 4,0a0 Guaranty 50 500 Irving 38 384* Manhattan & Cos 90*a 92 Manufacturers 52 531a New Yo r ’c Trust 182 185 Public V4'.a '§'2 Chelsea 23 _ 26 Confer With Hoover on China By United Press WASHINGTON, Nov. 21.—Senator j Thomas J. Walsh (Dem., Mont.) and Charles S. Lobingier, former judge of the United States court for China, conferred with President Hoover today on questions relating | to Chinese policy.

Price Dip Is World-Wide

STOCK PRICES IN SIX COUNTRIES J 1929 1929 1930

In the Air Weather conditions in the air at 9 a. m.: West wind 12 miles an hour; barometric pressure 30.15 at sea level; temperature 50; ceiling unlimited; visibility 10 miles; field good. . U. S. Planes Slow By Times Special NEW YORK. Nov. 21.—American military and naval aircraft, racing at their topmost speed, are 150 miles an hour slower than the best European ships built for warfare. They are at least three years behind in design. Our air force is not even third among the nations in the point of air speed efficiency. A. G. West, who has just made a survey of American and European air equipment for war, reaches those conclusions in a report published in the December North American Review. DOX May Reach U. S. By United Press SANTANDER SPAIN, Nov. 21Dr. Claudius Dornier said today he. was confident the flying boat DOX would attempt a flight to New York. A representative of the Dornier company previously had stated the airplane would not cross the ocean. The DOX arrived here from Bordeaux Thursday and was to proceed to Corunna today. Flies Glider on Back Lyman Voelpel, who set a world's record for glider loops at the Indiana state fair Sept. 6, perfo?med the feat of flying a glider upside down Thursday at Los Angeles. Voelpel flipped the glider over twice and each time flew approximately one hundred feet. He said he believed it was the first time the feat ever has been performed. Flying Club to Meet Banquet will be held at 6:15 Monday at Hoosier airport by the Hoosier Flying Club. An address will be giVen by K. A. Kennedy of the Boeing Aeronautics school, Oakland, Cal. Postpones St. Louis Hop COLUMBUS. 0., Nov. 21.—Gerald Nettleton, 20-year-old Toledo flier who is attempting anew junior transcontinental east-west record, postponed his takeoff for St. Louis today until Saturday because of bad weather. Arrivals and Departures Hoosier Airport Harry Boggs from Willard, Ky.; J. I. Stokes, Chicago and return. Curtiss Wright Airport—R. C. George, Warner-Cessna, Louisville and return; A. L. Briggs, Eagle Airways pilot, American Eagle, to Kansas Citj T . Jefferson Letter Is Sold By United Press NEW YORK, Nov. 21.—A letter written by Thomas Jefferson on July 1, 1776, in which he told of drafting the Declaration of Independence, was sold at auction Thursday night for $23,000, a price said to be a record for Jeffersoniana. Revenue Agent Is Accused By United Press WASHINGTON, Nov. 21.—The internal revenue bureau said today it had been advised of testimony before the Nye senatorial committee by George T. Birdsall, mayor of Colorado Springs, Colo., charging Harry T. McCauley, revenue agent with attempted bribery. Timberlake Plans Honeymoon By United Press WASHINGTON. Nov. 21.—A honeymoon in North Carolina and Florida is planned by Charles B. Timberlake, 75-year-old millionaire Colorado congressman, who will wed a 31-year-old census bureau clerk Dec. 23.

STPEHGTHJsgjjpi llßtSecupity AMERICAN LOAN CO. 8% ...TAXEXEMPT PREFERRED STOCK Those who devote their time to the analysis of investment fundamentals recommend American Loan Company Preferred Stock for safety of principal . . . strength of the company which has never failed to record a profit since incorporation . . . and 8% tax-exempt yield. This stock may be purchased in Single Units—sloo each. Dividends payable semi-annual!ij Feb. 1 and Aug. 1. Write for complete information " INVESTMENT* 820 HEW CIRCLE TOWS? Lincoln 5222

WHOLESALE PRICES II3=)0Q % — *0- V -Vt 4- “Kr—- \ ' . JAPA (TO 1 ..pv v > I yin.* 1 pop* \ —?—]! 4 acrica A 110 ■ —! V *- r ttO Agr - ' '% 1\ *CyjS*' Ik N IK> , 1923 1926 1927 1926 1926 J 930

That the current business depression is world-wide is shown in these two charts drawn up by Colonel Leonard P. Ayres, vicepresident of the Cleveland Trust Company and one of the country’s most famous statisticians and business experts. The chart at the left shows recent trends in stock prices in various countries, the peak being 100 and the figures at the right indicating the average levels of prices in October, except for the Netherlands which show September prices. Note how each line follows much the same course. At the right a chart shows wholesale prices in ten countries, and again the trend is much the same in each case.

Dow-Jones Summary

LONDON—New York cables opened at 4.85 21-32 against 4.85 23-32; Paris checks, 123.63; Amsterdam, 12.072; Italy. 92.(55, Berlin. 20.377. American Writing Paner Company has omitted dividend of $1 on preferred due at this time. Ten months ended Oct. 31. earned $2.56 a share on 89,260 preferred shares against Cl cents on 188,018 common shares in like period 1929. Current assets 83,861.799 "against current liabilities of $541,892. Contracts awarded for new construction of all types in thirty-six states east of Rocky Mountains for week ended Nov. 14. totaled $62,198,900 according to Dodge Corporation. This brought November total to date to $129,312,000 and was at rate of sll 756.000 per business day against $12,973,000 in October and $10,641.000 in November. 1929. For year to date new construction undertaken amounted to $4,151,336.900 against $0,211.357.900 in like period of 1929. Libby McNeil & Libby declared initial semi-annual dividend of $3 on $6 preferred and regular semi-annual dividend of $3.50 on $7 preferred both payable Jan. 1, record Dec. 19. International loan of $15,000,000 to Hungarian government arranged by banging group headed by Speyer & Cos. and National City Compay. Sidney Blumenthal & Cos. declared regular quarterly dividend of sl.7a on preferred payable Jafi. 2. record Dec. la. Western Pacific authorized by I. C. C. to sell $5,000,000 5 per cent ueoentures. Proceeds to be used to partially finance construction of Klamath falls extension. Texas Pacific Coal & Oil Cos. Nine months profit $790,701 after expenses and charges, but before depreciation and depletion against $1,454,620 in first nine months, 1929. London, bar silver 16 5-Bd, off forwardd 16 %and. off l-16d gold bars; 85s l(ld, up (id. Brokers loans decreased $50,000,000 in week to 52,185,000,000. Reserve system ratio 81.9 per cent, against 81.2 per cent week ago and 71.2 per cent a year ago. New York ratio 87.5 per cent, against 83.4 per cent and 80.3 per cent respectively. No announcement on New York rediscount rate now at 3% per cent. H. C. Bohack Company declared extra ! dividend of 62% cents on common payable Dec. 15. record Nov. 29. A similar extra was declared at this time last year. Sterling Cables opened 4.85 21-32. up 1-32: francs, 0.92 13-16. unchanged; marks, 23.83, off %; Spain, 11.40 up .5. Midland United Company extends time I within which convertible preferred series j A may be converted into common. War- | rants for purchase of common at $28.50 ! extended to Dec. 31, 1931. Daily average volume of federal reserve bank credit outstanding during week ended Nov. 19, was 51,027,000,000 decrease of $6 000.000 from previous week and *608,000,000 below like 1929 week. Loans on securities of reporting member banks in New York City $3,352,000,000 against $3,377,000,000 ln previous week. All other loans $2,716,000,000 against $2,644,000,000. Total loans 6,068,000,000 against $6,022,j 000,000. ! Class 1 railroads capital expenditures i for first nine months totaled $698,821,000 i or 22 per cent more than like period last j year and 39.7 per cent more thdn like 1928 period.

Local Wagon Wheat

City grain elevators are paying 70c for No. 1 red wheat and 64c lor No. 1 hard whpat.

PAGE 21

PREMIER SAYS ITALY HAS ND CONQUEST LUST ‘Nation Must Be Strong and Healthy to Carry Out Her Program.’ This is ih* second section of n twopart infreview with Premier Benito Mussolini. BY HENRY T. RUSSELL United Press Staff Correspondent (Coorrizht. 1930. by United Press) ROME, Nov. 21.—Fascist Italy must be strong and healthy to carry out her future program, but the nation has no “Ist for conquest,’’ Premier Benito Mussolini said. The premier emphasized that there were good reasons why foreign nations should not become alarmed by Italy's avowed desire to increase her population and train her man power. “Man power is required for fuller exploitation of Italy’s circumscribed land,” ho said. “These men must be strong and' healthy to carry out their task. “But we Italians are far from striving to satisfy a lust for con-, quest or to conquer. We seek only to recover from a sense of infe- - riority, acquired since the decline which followed the renaissance. l uring Italy’s Ills “We were recognized as a great nation at one time,” he continued. “Once wc were cited as models for mankind. Then we were taken ill. We suffered morally and physically. We grew weak. “The Renaissance saved us the first time, but we had a relapse. Once more we began to decline. “By the time the war of 1914 had arrived, a war for which Italy paid the price of 600,000 dead, we were once more on the upgrade. “But losses incurred during the war weakened us again until nine years ago we were on the verge of chaos. “Then came Fascism. “Fascism in effect realized that, unless treatment for Italy’s ills was. altered radically and rapidly, the worst might happen. Fascism triumphed, Italy’s health returned. Tired of Being Admired “Italy is tired of being gazed at and admired for her beauty, but simultaneously looked down upon. “She is exasperated at hearing the constantly repeated legend, according to which the Italians are not fighters—a legend which the Italian heroes of the Nopoleonic wars should have destroyed forever. “She recovered, and this time intends to be strong enough to resist any possible relapse, internal or external. “Fascist Italy never will initiate a war. We will be ready at all times to defend ourselves against aggression.” Sousa Plays for Hoover By United Press WASHINGTON, Nov. 2 L—John Philip Sousa, 77-year-old march king, had a big day Thursday. Upon arrival with his band he was greeted by five thousand admirers. He then led the Marine band in playing his latest march for President Hoover and received ovations at two public concerts of his own musicians.

} ✓MWfii&ift'N, jkj Thanksgiving Reduced Rate Excursions Going home for Thank*giving? Thousands of othera are going, too. Highways will be jammed with traffic. But the steel highways are always open —and safe! , You’ll make far better time by electric railway. It’s the least expensive and most comfortable route. Round Trip for only three-quarter a of the regular fare to all points on the Indiana Railroad System Fort Wayne .... .85.55 Muncie $2.55 Louisville $5.25 Correspondingly low fares to other points. Tickets on Sale beginning W ednesday, N or. 26, at all stations. Excursion rate tickets are good on all returning trains up to ' Midnight, Monday, Dec. Ist. INDIANA RAILROAD SYSTEM Indiana Railroad Interstate Semes Contfift