Indianapolis Times, Volume 42, Number 176, Indianapolis, Marion County, 2 December 1930 — Page 10

PAGE 10

STOCK TRADERS MARK TIME FOR HOOVER SPEECH Vaiority of Issues Move Up After Opening; Steel Shares Firm. Average Stock Prices Aversge of thirty industrial* lor Monti..' >.*s 185.48 up 203 Average ol • "en-ty mils vas 106.93. up 1.29. Average r : twenty utilities wa 64.85. up .75. Average oi forty bonds va: 94.87. ofl .20. ll'i t. nitcd Fries NEW YORK. Dec. 2.—The entire stock market was carried easily upward today as the time approached for the reading of President Hoover s message to congress. A sinking spell in the morning brought the list down for a brief period, but it rebounded without off on in light turnover. United State Steel jumped 2 points from its 3orv for the day to HSU. where it was up 1% points for the day. Other steel shares shot upward with it. Simultaneous with the rise in si cels. Wall Street circulated a rumor that steel prices were to be advanced. A week ago a similar rumor got into print but no sources could be found for the story. Wall Street deduced that it was a trial balloon and took today’s rumor seriously. Steels Rise Bethlehem Steel rose to 64Vs, Vanadium a point to 55% and Republic Steel Corporation a point to 18%. Electrical equipment met good demand with Westinghouse rising Is, to 102%. and General Electric •f. to SON. American Can also was in demand, rising a point to 118%. General Motors was firm in its division. American Radiator firmed up in the building group. Montgomery Ward and Sears Roebuck made quick recoveries in the mail order shares. Copper stocks rose fractions to a point on news that customs smelters had advanced the price to 111* cents a pound from 11 cents. Producers were still holding at 12 cents a pound and the foreign price was at 12.30 cents, based on a 12 cent price for domestic. Coppers Pick l'p American Smelting was at 52%, up %; Calumet and Hecla 10 1 i, up %; Kennecott 29. up %, and Anaconda .37%, up %. Mack Trucks was a weak spot in the early trading, dropping 37s to 41 Directors reduced the dividend to $4 annually from $6, a better than expected change The stock advanced promptly to 44, where it was off %. Other motor shares held firm. Call money held at 2 per cent. Bank Clearings INDIANAPOLIS STATEMENT Dec. 2 Gearings ♦A.888.000.00 Dpbl f s - 8,184.000.00 NEW YORK STATEMENT • - Dec. 2 dealings $1,508,000,000.00 Til lance 198.000,000.00 F dl. Res. Bnk. Cr. Bal. . 168.000.000.00 TREASURY STATEMENT —Dec. 2 By United Press Net Balance for Nov. 29 $83,787,585.54 Expenditures n.417.899.66 Customs recta, month to date. 36,365,242.56 CHICAGO STATEMENT —Dec 2 Clearings $114,300,000.00 Balances 14.500.000.00 Net Changes Fly United Frees NEW YORK. Dec I.—Closing prices and net changes on principal stocks traded on the New York Stock Exchange today follows: Up. Off. American Can 117% 1% American A- Foreign Power. 39% l’ ... American Telephone 189% 1% ... Anaconda 36% Bethlehem Steel 62% 1% ... Byers 45 1 Case I 11 ? 4 ••• Consolidated Gas 89' 2% General Electric . 49% 1% General Motors 35% % ... Houston Oil 42% 1% International Telephone,... 37% %• ... Loew s Inc 58 1 Montgomery Ward 23% % ... National Biscuit 79 1 New York Central 131 1% % Radio 17 Vs ... Sears Roebuck 5a % ... ... Standard Oil N J 54% 1% ... Union Carbide 62% 1% U S Steel ex-dividend 144% 1 Vanadium 53% I*4 ... IVestlnghouse Electric 101 1% ... 'Vooiworth 62% J ...

j New York Curb Market <Bv Thomson & McKinnon) —Dec. 2 11:30; 11:30 Am Com Prrr ... 14% Nat Inv 5% Am Gas & El. 93'i Newni Min... . 57*2 Avia of Am... 25 : ,jNia Hud Pwr... Ills Rrr (1 P & 1... Si'.’ Noranda 17 cities Serv . .. 10',2 Prince V Whtlv. 1% rcrd 4* Sel Indus 2% I lec Bond Sh.. 48 Shenandoah ... 6% Fo>-d of Can . 21 % Sid of Ind .. . 36% lord of Ena... 16'-> Std of Kv 24% Goldman Sachs 9 5 Tr Air Tr 5 T a Gulf 0:1 76 Un Gas mewi.. 9% Hudson Bav 3 Un Lt Sc Pwr.. 27 Midwest C 1.... 19-%!Un Verde 8 Mt PTod . s*B Ut In Ind 7% Nat Av s%iVacuum Oil .... 64% Investment Trust Shares BY R. H. GIBSON & CO. —Dec. 2 PRICES ARE TO 12 NOON C. S. T. Bid. Ask. Amer Founder's Corp. Com ... 5% 5% Am A Gen Sec "A" 14% 15% Am Inv Tmst Shares S’a 6*B Basic Industry Shares 6*4 7% Corporate Trust Shares 6'4 7 Diversified Trustee Shares A 18 18*4 First American Corp 8% 8% Fixed Trust Oil Shares 6% 6% Fixed Trust Shares A 16'3 ... Inv Trust N Y ■. 7% B’b leaders of Industrv. Series A 8% ... Nation Wide Securities 6% 7% National Industry Shares.... 6% 6"* N Am Trust Shares 6% 7 Sel Am Shares 5% 6% Shawmut Bank Inv Trust ... 9’; 11 Universal Trust 6% 7' * S W Strauss Inv Units 45 54 Super Corp of Am Trust Sh A 7'4 7 5 s Trustee Std Oil "A" 7 Trustee Std Oil ' B ’ 7*4 7% U S Elec Light & Pwr A - ’.. 30 32 New York Bank Stocks(Bv Thomson At McKinnon* —Dec. 1— Bid. Ask. America 64% 67*4 Bank of United States.... 13% 15% Bankers 108'-. 111% Brooklvn Trust 605 615 Central Hanover 244 249 Chase National 101 104 Chatham Phoenix Natl... 60 83 Chemical 49% 50% Oltv National 105 108 Corn Exchange 134138% Commercial 285 300 Continental 17 20 First National 3.850 4,050 Guarantv 483 488 Irving 3fi 38 Manhattan & Cos 66 69 Manufacturers 49'4 51 % New York Trust 166 171 Public 78 81 Cheltea 22% 24% RAW SUGAR PRICES —Dec. 1High. Low. Close. January 1.43 1.40 1.40 March 1.49 1 47 1.47 May 1.57 1.56 1.56 July 1.64 1.62 1.62 September . 1.70 1.67 1.67 December 1 37 1 35 1.35

New York Stocks Bv Thomson & McKinnon 1 ' ""

-Dec. 2 „ „ , Railroads— Prev. High. Low. 1130 close. Atchison 160% 189 189 190% .Atl Coast Line 125% 125 Balt &. Oit;o .. 74% 74 74% .4% Chesa & Ohio . 43% 43 43 43% Chesa Corn 4a 44 Chi Grt West 7% 7% Chi N West 401* 40% :VR I& P 59;, 60% Del LAW .. 87 86% 86% 87 Del & Hudson 142% Erie 29% 29% 29% 29% Great Northern. 63?4 63 \\ £3.** Illinois Central.. 79~e 19 1 2 *9 a 79 4 Mo Pacific pfd , 202 102 N Y Centra! ... .131% 130*4 130*% 131 N’ckel Plate • ■■■ *i 2 NY NH & H , §•*. Nor Pacific 54 % 5j Norfolk &. Weil. .. ... • - Pennsylvania .. 60 . 60 60 60 Reeding .. .. . 93*4 93% 9. 2 ■■■ S'i Pacific 102% 101 i 101 ? 102 Southern Rv . 64'% 63% 63% ts < S , Paul - * TL 's St Paul pfd 12% 12 12 12% St. L & 8 P ■■■ % 1 Tpi-dc Par .. . • • 109 • - - Union Pacific .187% 184% 184% 188^ [Wabash i:. 4 W Maryland... 10% 14V< 14% 14% Am a Ca" m A n Fdv 38’2 33 38% 37% Am Locomotive. 30’% 30 30 30 2 Am £‘.eel Fd. ... 31 30*4 30% 31 Am An Brake S .. 36_i Gen Am Tank.. ... .... 6‘ 6,% Ofieral Eiec .. 49% 48% 49 49 a Gen Rf Siena!. . ... .... * lima Loco 26% -6 .6% - Pre : Stl Car.. .. .... .... ‘’-a Pullman 61*4 6% 61% ... Westingh Air 8.. • •- ■ ••• 3} Westineh Eiec .101% 99% 99% iOl Rubbers— Flik I*4 1- l’ Is Goodrich 20% 20 20 20% Goodyear 52 al Dl • Kcllv Sorefid... ■ Lee Rubber ... ,7 •’ * U S Rubber 16% Id' 2 15*4 13% Motors— . e 1 Auburn 81 *§ * 79 81 Chrysler 18 17*2 I<% 18 Gardner • .% Graham Paige.. . ... 4% |/a Gereral Motors. 3d% 3d% 35% 3?% Hudson 25*b 24:i -4% 2o K 2% 28% 23% 28 . Packard 9% 9 % 9% 9% Reo ■ • -22, nr, * Studebaker .... 24 -3.8 -3. e -58 Yellow Truck .. 11*2 10% 10 a 11 4 Motor Access — n „ Rendix Aviation. 13% 18. }B> 13 1 Bore Warner . . 18% 18 % 18% 18% Brices 17% 16 2 16/r G b Eudd Wheel ,?% 9% Eaton 15/2 :?, 8 H-yes Body 4*2 4.% 4’% 4^, Sparks W }.’ % Stewart Warner. .. ... 1?% -0 % Timken Roll 4, 47 Am Metals 20% 20; 2 20 .4 20 4 Am Smelt d2*. d2,2 5-/2 d2 i Am Zinc . ••• Anaconda Cop.. 3i% 36 4 37 -6 2 Ca't & Hecla 10*a 10% *O% 10 Cerro de Pasco 50 29*4 30 .9% Dome Mines „° * Freeport Texas. .. VoGranby Corp . . 19% *8 JB% Great Nor Ore 22% 22% --74 tnt Nickel 18'* 18% 18 a J 8“ Inspiration 10% 9% 1® i®% Kennecott Cop.. 29 2814 -8 s -8 s Magma Cop ““7* Miami Copper. .. •■ • }0; 2 8 Nev Cons 12*4 12'.1 12.2 1Texas Gul Sul 52% 5- 4 U S Smelt 23% 23% Am Republic ■■ Atl Refining 21% 21 Barnsd3ll ••• ]4 2 14 2 Beacon ..... 10 ••• , Houston 9% 9-s 9-a 9-4 Indian Refining. 4% 4*.i 4% 4% Mex Sbd 13*2 13** 13 2 13.2 Mid Conti 17 16% 16*4 17 Pan-Amer (B) .. 44 43 44 ... Phillips 18*% 18*8 38% 18% Fr Oil & Gas... 17*4 17 5 s 17*4 18 Pure Oil 10% 10% 10*4 10% Richfield 6*4 6% Roval Dutch .. 41% 41% 41% 41% Shell Un 9’/4 9% 9% 8% Simms Pt .8% Sinclair 12T4 12% 12% 12% Skelly '•v 13 % 13% Stand 49’/4 49’% 49% 49% Stand of N J... 54 53% 03% 54% Stand of N Y 25 25’% Texas Cos 38% 38 38 38% Union Oil 26 Am Roll Mills 34% 34*4 Bethlehem .... 63% 62% 63% 62% Byers A M 45% 43% 45% 45 Cent Alloy 26% Colo Fuel 26% ... Cruc Steel 56% o 7 Ludlum 13*8 13*s Midland "... ... 22 Repub Ift S.. .18% 17% 18 li% IT S Steel 145*2 144% 14d% 144% Vanadium 54% 03% 54% 54% Youngst S & W 24*8 24’/4 24 V* 24 Tobaccos— Am Sumatra. ... 3% •*•_ Am Tob A inew) 107*4 106% 106% 106% A Tob B 1 new I 109% 109 109 108:4 Con Cigars 37 ... Ltg <*: Myers B 85% 84*4 84*4 85 I.orillard 13% 13 13% 13 Reynolds Tob.. 45 44% 44% 44 7 a Std Com Tob ■ ■ ,5 5 Tob Pr A 11-% 11% 11% 11*4 Tob Pr B 2% United Clg 5 I’liiities— Abitibi 10% Adams Exp .... 20 4 19% 20 20 Am For Pwt .... 39*4 3854 39% 39% Am Pwr & Li 50% AT&T 190 188*4 188% 189% Col Gas & E 1... 36% 36% 36% 37% Com & Sou 9% 9 9 9 El Pwr &Li 44’a 43% 43*4 44% Gen Gas A 5% 5% Inti TANARUS& T 27% 26*4 27% 27% Natl Pwr & Lt 37% No Amer Cos ... 72% 71 72 72*4 Pac Gas & E 1... 49% 49 49 49 Pub Ser N J ... 73% 74% 74% 74% So Cal Edison ... ... 47% Std Gas & E 1... 69% 68*4 68*4 68*4 United Corp ... 19% 19’/4 19% 19% Ut Pwr & L A.. 26% 26 26% 26 West Union 141% Shipping— Am Inti Corp... 22% 21*4 21% 22 Inti Mer M pfd 16% 17 United Fruit ... 66% 66% 66*2 67*4 Foods— Am Sug 52% Armour A 4*4 4% Cal Pkg 51 Can Dry 43% 42% 42*4 43 Childs Cos 30 Coca Cola 157*4 158 Foods— Cont Baking A. 21% 21*4 21*4 20% Corn Prod ... 80*4 80 Cudahy Pkg ... ... 41% Gen Foods 51 *4 51% 51% 52 Grand Union ... 12% 12*a 12% 12% Hershev 87 Kroger 24*4 24 24 25 Nat Biscuit 78% 77*4 77*4 79 Pilsbury 29*4 Safeway St 52% 52

Produce Markets

Eggs (Country Runt— Loss off delivered in Indianapolis. 25c: henery ouality No. 1. 38c: No. 2. 15c Poultry (Buvlng Pricesi— 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: geese. Bc. These prices are for No. 1 toD oualitv auoted bv Kingan & Cos. Butter (wholesale)—No. 1. 35@36c; No. 2. 33c. Butterfat—29c. Cheese (wholesale selling orlce pet bound*—American loaf. 31c: pimento loai. 32cc: Wisconsin firsts. 27c: Longhorns. 34c: New York Limberger. 36c. By United Frees NEW YORK. Dec. 2.—Flour—Quiet and steadv; spring patents. $4.45ft4.80. Pork —Quiet: mess. $31.50 per bbl. Lard Steadv; middle west spot. 510.15(fi110.25 per lb. Tallow—Steady; special to extra. 4% ■u 4%c per lb. Potatoes—Firm: Long Island. $1.50®6.50 per bbl.: Canada. 45c(<8 $1.90 per bbl : Maine. $2.6053.25 per bbl.: Bermuda. S7@ll: Idaho sacks. 50c®$3 Sweet potatoes—Firm: southern baskets. $1.3061.1.50: southern bbls.. $3.500t4: lersev baskets. 60c ft $2.25. Dressed poultry— Quiet and steadv: turkeys. 20ft38c: chickens. 15fft37c: fowls 18®27c: ducks. 13 S 22c- ducks. Long Island. 20&22c. Live poultry—Steadv to firm; geese. 18<S24cducks. 12'<i25c: fowls 19ft26c: turkeys. 27 H'3oc: roosters. 16 ft 18c; chickens. 17® 26c: capons. 25ft35c: broilers. 20 o 35c. Cheese— Quiet: state whole miik. fancv to special. 20 ft 22 %c: young Americas. 19®22c. By United Press CHICAGO. Dec. 2.—Eggs—Market easier: receipts. 3,272 cases; extra firsts. 39c: firsts, 34'0.35c: current receipts. 30ft32c: ordinaries. 234/ 27c; seconds. 15ft 20c. Butter —Market, firm; receipts, 8.228 tubs; extras. 33c; extra firsts. 31(332c: firsts, 28%ft3<'c: seconds. 26ft27c; standards. 31’.ic. Poultry—Market, steady; receipts. 2 cars: fowls. 20c; springers, 19c; Leghorns, 15c; ducks. 16c; geese. 14c; turkeys. 18 A 23c: ioosters. 15c. Cheese—Twins. 16@16ljc; Young Americas, 17c. Potatoes —On track. 336: arrivals. 84: shipments. 489: market, about steady; two few sales to quote; market nominally unchanged. By United Press CINCINNATI. Dec. 2.—Butter—Steady, creamery in tub lots, according to score 28ft 31c: common score discounted, 263' packing stock. No. 1. 25c; No. 2 17c: No. S 10c: butterfat. 35?j27c. Eggs—Steady cases included: Extra firsts. 44; firsts. 33c seconds. 28c; nearbv ungraded. 38c. Li\e poultry—Thin and coarse; stock sells onhat heavy discount: fowls. 5 !bs. and over 19c: 4 lbs. and over. 16c; 3 lbs. and over. 13c: Leghorns. 3 lbs. and over. 13c Leghorns. 3 lbs. and over. 13c; roosters 13c: colored fryers, over 3 lbs.. 20c: broilers colored, over 2 lbs.. 20c; broilers partly feathered. 12c: Leghorn and Orpington fryers, over 2 lbs.. 17c: roasting chicks. 4 lbs. and over. 20c: black springers. 12c. By United Press CLEVELAND. Dec. 2.—Butter—Extras. 33c: standaras. 31%c. Eggs—Extras. 36c; firsts. 42c. Poultry—Heavy fowls. 21c: mediums. 18c: Leghorn. 7#l4c; heavy broilers 18ft 19c: Leghorn broilers. 16<j>17c: ducks, log 18c: old cocks. 14c: geese. 15c; turkevs. 26c: dressed rabbits. $3ft.3.50 doz. Potatoes—Ohio Round Whites best: mostly *1 per 60-lb. sack; Maine Green Mt.. *2.25 >5 2 35; best mostly $2.35 per 120-ib. sack: Idaho Russet. 82.35ft2.50; mostly $2,359 240 per 10$Jb sack.

Std Brands .... 16*4 16% 16*4 16% Ward Bkg s*B 5*4 Drugs— Coty fnc 10% 10% 10*i 9*4 Lambert Cos .... 79% 77*4 79* 77% Industrials— Am Radiator ... 19% 19% 19% 19*4 Bush Term 23 Gen Asphaß ... 30% 20 Lehigh Port 17 15*4 Otis Elev 57% Indus Cbems— Allied Chera .. 204 201’i 204 204'; Com Colv 17% 17*4 17*4 17% Ur!on Carb .... 62% 61% 62% 62% V S Ind Alco ... 69% 69 69 63*s Retail Stores— Arose Drv Gds.. . 27*4 27% iGimbel Bros 8 7% 8 7% Kresge S S 28% 28% Mav D Store. . 35 Mont Ward.... 23% 22*4 23% 23% Penny J C 34% 34 Sears Roe 56 55% 56 55*4 WooiWOrtb 63 61% 61*i 62% iraastmeni!— ! Brur.i Balkc 11 11 Col Graph 11%, 11% 11% 11% 1 Croslev Radio 6% G% Eastman Kod .163% 165% 166% 157% Pox Film A ... .. 22 Grigsby Gru 4 4 Loews Inc 58% 57% 58*4 58 Pa ram 7 am.... 4'’% 44%. 44% 45 Radio Corn 17% 16*, 17% 17 R-K-O 21 20*a 21 20*4 1 Schubert ... ... 5*5 Warner 8r05.... 18*4 17% 18’4 17% Miscellaneous— Airway Aon IQ'i City Ice & Fu 37 37% Congoleum 3% 8% Am Can 118% 117*4 118 117% Cont Can ...... 50% 50 50 50 Curtiss Wr 3% 3% 3’* 3% Gillette S R. ... 33% 33 33% 32*, Real Silk . 34% 34 Ulen ... 15*4 POSTAL PROBE GROUP TO CALL HEAD OF FIHRf R. D. Srown of Indianapolis to Be Summoned for Quizzing, Fin 7 imes Special WASHINGTON, Dec. 2.-Ray-mond D. Brown, Indianapolis, president of the United Postoffices Corporation. will be summoned by a special postoffice lease investigating committee at an early date for investigation of postoffice leases his corporation holds, Senator Blaine (Rep., Wis.), chairman, said today. Date for resumption of the committee’s hearings has not been set, but It is’ expected they will be renewed in the near future. Senator Blaine does not know how many postollice leases the United Postoffices Corporation holds, nor their value, he said today, explaining he had 'been unable to get at Brown's records. However, he intimated that the committee will begin inquiry to determine whether Will Hays, motion picture czar, and Harry S. New of Indiana, former postmaster-general, were involved in leasing practices which favored Brown.

Favoritism Charged The name of Raymond D. Brown, United Postoffices Corporation president. figured in the senate investigating committee’s hearing at Chicago two weeks ago. Rival contractors testified Brown had been accorded favoritism in the awarding of contracts because of his intimacy with former Postmas-ter-General Harry S. New. Brown, who was not called before the committee. denounced the charges as ridiculous. On Nov. 20 Judge William S. McMaster in superior court four named Brown receiver for the Postal Station State bank, which closed its doors Oct. 23. Chicago Siocks Opening (By James T. Hamill & Cos.) —Dec. 2 Bendix Avia .. 13%'Insu]l com .. , 40% Bore Warner . 18‘•a Insull 6s 1940... 89*4 Conti Chi Cor c 8% Majestic Hsehold 7 Conti Chi Cor p4l Middl&vest com. 20% Chi Coron com s%'Nat! Standard.. 26% Chi Corpn.pfd.. 41 Noblitt Sparks.. 37*; Chi Securities.. 16% Swift Internat'l 32% Gen Thea Equip 18 Va'Util & Indu com 7% Grigsby Grunow 4 Marriage Licenses Ralph J. .Nagle. 22. cf New Bethel, machinist. and Eva D. Perrv. 19. ol New Bethel. Richard Roach. 25. of 1116 South Sherman drive, laborer, and Nellie A. Dye. 27, of 226 W'est Wyoming, clerk. Irwin R. Lambert,. 27. of 3057 Central avenue, clerk, and Regina S. Bensman, 24. of 318 East Terrace. Thomas W L. White. 29. of 928 North Meridian, student, and Lena R. Decker, 28. of 926 North Meridian, waitress. Allen Gibson, 21. of Lawrence, chauffeur. and Francis B. Jordan. 16. of Oaklandon, clerk.Chester L. Downey. 24. of 4226 East Washington, machinist, and Olive L. Salladav. 22. of 375 South Emerson avenue, stenographer. Charles M. Davis. 26. of 336 North Arsenal, copywriter, and Clara L. Oblinger. 24. of 5833 Carrollton. Tonv Jardlne. 27. of 619 Stevens street, merchant, and Esther Wishart. 18, of 1128 North Illinois street., clerk. John T. Burris, 25. of 1701 Ingram street, clerk, and Garnet M. Soden. 22, of 2122 North Olney street. Hugh Amos. 28. of Waterford. 0.. physician. and Harriet E. Weed. 26. of 4237 Broadway. Kenneth Siler. 26. of Madison. Wise., teacher, and Margaret C. Benedict. 21. of R. R. 2. Box 409. teacher. Other Livestock By Times Special LOUISVILLE. Ky., Dec. 2.—Hogs—Receipts. 500: market, 10c lower: 325 lbs. up, 57.65: 175-325 lbs.. 58.25; 130-175 lbs., $7.85; 130 lbs. down, $7.15; roughs, $6.50; stags, $5.50. Cattle—Receipts, 200; market, active steady; prime heavy steers, S9O 10.50; heavy shipping steers. $7.500 9: medium and plain steers, $6 0 7.50; fat heifers. $**0010: good to choice cows, medium to good cows, $3.7504.50; cutters, $303.75; canners, $202.75; bulls, $3.500:5.50; feeders, $6.750.7.25; stockers, $40:7; calf receipts. 200: market. 50c higher; good to choice. $8.500 10 50: mediums, $6.500 8.50: common to medium, $406. Sheep—Receipts. 100; market, steady; ewe and wether lambs, $7.50: buck lambs, $6.50; seconds, $40,4.50; clipped sheep. S2O 3. Monday’s shipments—Cattle. 259; calves, 426; hoge. 351; sheep, 138.

We Pledge to Uphold

fs|. *• BsiteSl?. ■ 7 & ♦- Awanjß ~ v ~

Floyd E. Williamson

‘ Hands up!** Frank Mayr Jr., South Bend, and Floyd E. Williamson, Indianapolis, were caught by The j*imes photogrr

THE INDIANAPOLIS TIMES

PORKERS SHOW WEAKER TREND AT CITY YARDS General Trend About Steady in Cattle: Vealers Sell Off. Nor. Bulk. Earlv Top. Receipts 1 2*. $8.40® 3 50 $5.50 8,000 ! 33. 3.3.' 8.50 9.000 26 8.40<7S 8.50 8.50 4.500 28. 8.65*4 8.75 8.75 7.500 I 29 6.50 C& 8 60 8.60 6,000 D<>C. 1. 8.40® 8.45 8.45 10.000 2. 8.25 ft 8.35 8.35 9.000 Hogs showed further weakness at the city yards today, prices ranging 5 to 20 cents lower than Monday. The bulk. 160 to 300 pounds, sold for $8.25 to $8.35, the latter hold- | ing as the early top. Receipts were estimated at 9,000; holdovers were ■ 135. The general trade in cattle was slow and about steady at Monday’s decline. Receipts were 2.000. Vealers were weak with the rest of : the market, selling off 50 cents at sl3 down. Calf receipts were 900. Sheep held steady, good and choice lambs bringing generally $7.50 to SB. Receipts were 1,500. Chicago hog receipts were 44,000 including 8,000 direct. Holdovers were 4,000. The market was slow I with asking around steady. Most j early bids and a few sales 10 to 15 cents lower than Monday’s average. Good to choice 140 to 240-pound weights $8.10; choice 200-pound butchers. $8.15; few 180 to 210-pound weights SB.IO. Cattie receipts 9,000; calves 2,000; market steady. Sheep 9,000; steady. HOGS Receipts. 9.009; market, lower. —Lishfc Lights—- | (140-160) Good ana choice....® 8.25 —Light Weights—- | (160-1801 Good and choice... 8.35 (180-200) Good and choice... 8.35 —Medium Weights—-(2oo-220> Good and choice. . 8.30 (220-250) Good and choice. . 8.25 ft 8.30 —Heavy Weights—-(2so-290) Good and choice... 8.25 (290-350) Good and choice.. B.ooft 8.25 —Packing Sows—-(27s-500) Medium and good. . . 7.00® 7.50 (110-130) Slaughter nigs .... . B.oo© 8.15 CATTLE (Slaughter Class) Receipts. 2,000; market, lower. Good and choice $10.50ft13.00 Common -and medium [email protected] d.IOO-1.500) Good and choice $lO.OO l 12.73 Medium ... [email protected] —Heifers—-(soo-850) Good and choice .. $ 8.50*5 11.50 Common and medium 5.00 ft 8.50 Good and choice 5.25 ft 7.00 Common and medium 4.00 ft 5.25 Low cutters and outers 3.50 @ 4.00 —Bulls (vcarUngs excluded) Good and choice beef 4.75® 6.25 Butter, common and medium.. 3.00© 4.75 CALVES AND VEALERS Receipts, 900; market, lower. Good and choice $12.50® 13.00 Medium [email protected] Cull and common 6.00© 9.00 —Calves—-(2so-300) Good and choice 7.00*710.00 Common and medium 4.50@ 7.00 STOCKER AND FEEDER STEERS Good and choice $ 6.25© 8.50 Common and medium 4.00© 6.25 (800-1.500) Good and choice 6.25® 8.50 Common and medium 4.50© 6.25 SHEEP AND LAMBS Receipts. 1,500; market, lower. Good and choice $ 7.50© 8.00 Common and medium 5.00© 7.50 —Ewes— Medium and choice 2.50© 4.00 Cull and common I.oo® 2.50

Other Livestock ft// United Press PITTSBURGH. Dec. 2.—Hogs—Receipts. 300: holdovers. 300: market, steady to weak: 150-210 lbs. mostly $9: 220-270 lbs,. $3.750 8.90; packing sows. S7O 7.75. Cattle—Receipts. 100; market, nominal steady. Calves —Receipts. 100: market, steady: good end choice vealers. $10.500 13.50: medium to good down to $3. Sheep—Receipts. 300: market, steady: prize handyweight fat lambs. $8.50: medium to good, $708; heavy lambs, mostly $7 down. By United Press EAST BUFFALO. N. Y.. Dec. 2.—Hogs Receipts. 1.300: holdovers. 300: active, generally 10c higher; bulk desirable. 140-260 lbs.. $9: few becks. 220-lb. selections. $9.10: weights, below 130 lbs.. Quoted $909.25; packing sows. [email protected]. Cattle—Receipts. 200: medium steers. $9.75: steady, few loads weighty steers, unsold, cutter- cows. $2.2503.75. Calves—Receipts. 150: vealers. fully steady sl4 down. Sheen—Receipts. 900: lambs, strong to 25c higher: quality and sorts considered, good to choice ewe and wether lambs. $8.50: most offerings. $7.750 8; medium kinds. $7.50: throwQUts. $6.7507. _____ By United Press CLEVELAND. Dec. 2.—Hogs—Receipts. LEGO: holdover none: all weights pigs to 275 lbs.. 10c lower at $8.65; sows and stags 25c off: ton sows. $7; smooth upward to $7.50; stags downward to 55. Cattle— Receipts. 200: generally steady: scattered common steers. $7.5008; low to good 1.130 lbs, late Monday. 812.75: most fat cows. $5.50: cutter grade around $2.5004 Calves—Receipts. 500; steady: good to choice vealers $13013.50: strictly choice scorce. quoted lsisher; medium $10013: culls. $80,9. Sheep—Receipts. 1,700: lambs strong to mostly 25c higher; good to choice. $8.2508.50: throwouts mostly s6@ 6.50; good fat ewes. $303.50; steady. By United Press EAST ST. LOUIS. 111, Dec. 2.—Hogs— Receipts. 16.500; market 15@25c lower: too, $8.25: bulk 140-240 lbs, $8.1508.25: 100-130 lbs, $7.5008.10: sows. *7®7.15. Cattle—Receipts. 4.500: calves. 1.800; market. steers slow: Indications steady on good kinds: bulk 25c higher: other classes steady; top medium bulk. $5.50; good and choice vealers, $13.75. Sheep—Receipts. 1.800: market, fat lambs opened steady; top to citv butchers. $.3.25: indications steady on others, some held higher. By United Press CINCINNATI. Dec. 2.—Hogs—Receipts. 9.200: 100 direct; 740 holdover; fairly active: mostly steady: light lights scarce, strong, spots 25c higher: hogs averaging 240 lbs. or above showing some weakness under narrow demand: better grade 150240 lbs, mostly $8.50; odd lots around 300 lbs, S8: 120-140-lb. lights and some less desirable 150 lbs, $8.25: sows. $6.75 to mostly $7: few smooth lightweights. $7.25. Cattle—Receipts. 700: calves, 450; steers and heifers slow; fairly steady; demand narrow; few common and medium grades. $608: with more desirable light weights upward to $9.50 and $10; cows and bulls, unchanged: good demand for all grades of cows: most beef kinds. $4.500 5.50: somd up to $6: bulk low cutters and cutters. $2.75®4; practical top bulls. $5.50: vealers $1 higher: grand choice. $12013: lower grades $11.50 down. Sheep—Receipts. 450; about steadv; better grade light and handv weight lambs $8 to mostly $8.50; common and medium. $607; sheep steadv: fat ewes. S2O 3.

i. ijipha

Frank Ma/r Jr.

pher as they tojk their oath cl office Monday a-, -- . ;i?ry f state and end;. , ; lively.

BELIEVE IT or NOT

I —'' ’ HAS SMOKE? The SAME Pi Ft years |x SWAM 45*4 MILES in 1 HR. 31 MIN. 4 SEC rt ‘ *’ WITH HIS HANDS AMD FEET TiEb tSS! lP P l . RAN BACKWARDS f Yesterdays statement _ - - —- W * q 3o. King Features Syndicate. Inc % Great Brittm ngh! renH|

Following is the explanation of Ripley’s “Believe It or Not” which appeared in Monday’s Times: Bully Waterman —Captain Robert H. (.Bully) Waterman, master of the Yankee clipper Challenge, is described in contemporary newspaper reports as “the most inhuman monster” that ever sailed the seas. When he sailed into the Golden Gate 011 c day in October, 1851, he had shot fatally seventeen men out of a crew of forty-two. The other members of the crew told a tale of horror and oppression which, even in those days of “hard sailing” masters, stirred the sympathy of popular opinion. Waterman never was brought to justice. He outwitted the law through numerous stunts of evasion. . He never returned to New York and died in California. A Suit of Armor—This bit of information is surprising. The heaviest suit of armor in the great collection of the Tower of London weighs no more than sixty-six pounds, while soldiers in the World war carried a load of from seventy-five to ninety pounds in full field equipment. Wednesday: The Kangaroo’.; chair. NEYV YORK COFFEE RANGE —Dec. 1— / High. Low. Close. March 5.65 5.63 5.65 Mav 5.53 5 50 5.53 Julv 5.49 .... 5.40 September 5.38 5.35 5.38 December 6.50 6.36 6 41

The City in Brief

WEDNESDAY EVENTS Kiuanis Club elections, Columbia Club G o. m Mutual Insurance Association luncheon, Columbia Club. I,ions Club luncheon. Lincoln. Purdue Alumni Association, Severln. mini Club luncheon. Board of Trade. Central States Forestry Congress, convention, Claypool. Indiana Highway Constructors Association, convention. Claypool. Indiana Implement Dealers Association, convention, Claypool. • Urey M. Warmoth and William Henry Harrison will be rival candidates for president! of the Universal Club when the annual election is held Tuesday night in the Columbia Club. Campaign stunts have been arranged by the two tickets for the dinner meeting. Mrs. William Rothenberger will speak before*, members of the Y. W. C. A. interracial committee at a dinner meeting 'at 6:30 tonight at the Phyllis Wheatley branch. Her subject will be “Trend of Negro Life as We Saw It in the South." Removal of Johnson & Montgomery, funeral directors, from 1032 Central avenue to 1622 North Meridian street, was announced today by Clyde V. Montgomery, president of the company. Allen H. Johnson is secretary and treasurer.

Word was received here today that Noyes Edward Price, 35, of Indianapolis, was arraigned Monday in East St. Louis, 111., on charges of violation of the federal narcotic act. The case will be transferred to Indianapolis for trial. Price was remanded to jail in default of a $4,000 bond. Offices of the Automotive Solvents, Inc., were opened today at 225 Wimmer building. T. Harvie Barnard is president of the corporation, which deals in anti-freeze liquid for auto radiators. Other officers of the company are: Dr. Harry E. Barnard, vice-president; Edgar J. Renoe, secretary, and H. L. Ratchford, sales manager. Professor Jacob R. Marcus, professor of history at Hebrew Union college, Cincinnati, will lecture on “What Does Adolph Hitler Want?’’ at Kirshbaum Center, 2314 North Meridian street, at 8:15 tonight. The lecture is the second in a series on | “Main Currents in Contemporary ! Life,” sponsored by the Jewish Community Center Association. Meals and lodging for Negroes j will be provided with the opening today of the White Horse Army ] Rescue Mission in the basement of j the New Jerusalem church, 519 In- ! diana avenue. Elder J. C. Jackson ; is superintendent of the mission. Benediction in St. Vincent’s hos'tal chapel Monday night began 'f -. piFc a 'o'eivn tridmim in

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

Dow-Jones Summary

TULSA—DaiIy average production of crude oil in United States for week ended Dec. 29. totaled 2.267.405 barrels, a decrease of 2,725 barrels, according to Oil and Gas Journal. Light oil output decreased 3.395 barrels daily. LONDON—New York cables opened at 4.85 16-32 against 4.85%: Paris checks. 123.52: Amsterdam, 12,067; Italy. 92,655. and Berlin. 20,362. Net income of Delaware & Hudson Railroad Corporation controlled by DeiaBERT C. MORGAN NEW IRVINGTON G. 0. P. HEAD Succeeds Telford B. Orbison; Hai’ed as ‘Political Moses.” Bert C. Morgan, who with Bert Fuller, his partner in the insurance business, are known as “the king makers” because they managed the campaign of Governor Harry G. Leslie, was elected president of the Irvington Republican Club Monday night. He will take office Jan. 5. He succeeds Telford B. Orbison, deputy United States district attorney. Morgan w r as haileS as the “political Moses who would lead the Republicans out of the wilderness” by Harold G. Healing, a member of the nominating committee, in discussing the recent G. O. P. defeats. Walter J. Carey and Frank H. Brown are the new vice-presidents: Bernard H. Benckart was elected secretary, and James McConnell, treasurer.

commemoration of the centenary of apparitions of the Blessed Virgin to Sister Catherine Laboure in Prance. The Rt. Rev. Joseph Chartrand, bishop of the Indianapolis diocese of the Roman Catholic church, preached the sermon. Observance of the triduum will continue until Thursday. Opening of general insurance agency under names of McGowan and Brosnan at 1415 . Merchants Bank building, was announced today by William K. McGowan and Kevin D. Brosnan. Failure of police radio tests for use of the Municipal Gardens as the station for the local station WMDZ today sent safety board members in search of anew site. In celebration of its membership drive, in which several hundred new members were enrolled, Indianapolis lodge No. 13, B. P. O. E, will give a dance, free to members, in the clubrooms in the Antlers Saturday night, Dec. 6, it was announced today.

nynm e (4*ltV F( •■ * * DIVIDEND fcl NOTICES \ pcpwatg, LJQffT frsrni UTILITIES | Power & Light System j lor period ending December Jit 19JO) J i ▼ P Interstate Power Company J 7 and J 6 Dividend Preferred Stocks Quarterly divid’d <7 pfd..51.75 pet share | Quarterly divid’d *6 pfd- 150 per ahere , Payable on J* n * 2, 1931 J To stockholders of record Dec. 3* 1930 i Central States Utilities Corporation S7 Dividend Pryfefr*<* Stock Quarterly dividend #l-75 Pr h*re j Payable on J* n - 1931 i To stockholders of record Dec. 3, 1930 J I Central States Power S Light Corporation $7 Dividend Preferred Stock Quarterly dividend .sl-75 per share Payable on•••••••••••*•*J* 8, 2, 1911 To stockholder* of record Dec. 5. 1930 Indianapolis Power * Light Company tVi% emulative Preferred Stack Quarterly dividend.... $1.62 /j per ehere Payable on Jen. 2,1931 To etockholdeta of record Dec. 5, 1930

|-% \? Registered U S JL# j l atent Office RIPLEY

ware & Hudson Company for quarter ended Sept. 30 was $1,071,937 after taxes and charges against $135,477 tn preceding quarter making a total for the six months of $1,307,414. National Bellas Hess November gross cash receipts $3,333,304. a decline of 51.898.706 from November. 1929. Neisner Bros. November sales $1,480,548. a decrease of $75,886 from November, 1929 Eleven months $13,480. up $1,078,197. Bank of Germany statement as of Nov. 2.9 shows gold 2.180.000.000 marks against 2,179.900,000 on Nov. 24. and circulation 4,601.300.000 against 3.954.300.000 Electric Power and Light Corporation and subsidiaries twelve months ended Sept. 30 net $2.93 a share on 1.876.838 common shares against 52.79 a share on 1,800.211 shares In preceding twelve months. Ross Gear and Tool Company declared regular quarterly dividend of 50 cents on common, payable Jan. 1. record Dec. 20. Department of agriculture estimates world wheat production in 1930 outside of Russia and China at 3.720,000,000 bushel against 3.491.000.000 in 1929 and 3.973,000.000 in 1928. Seneca Copper Mining Company quarter ended Sept. 30, net loss $187,613 after interest, depreciation and depletion against net toss $28,125 in third quarter 1929. Nine months net loss $438,302. Continental Baking Corporation 1930 ic estimated at about $6.50 a share on 281,813 shares of participating class A in 1929 company earned 58.12 a share participation included on class A and 12 cents on 2,000.000 class B shares. Colorado & Southern system October net operating income $457,510 against $913,765 in October. 1929. Ten month." $2,607,328 against $4,267,411. Construction contracts of all types awarded during November in metropolitan area of New York totaled $56,702,200 against $80,053,090 in October and $150.658.900 in November. 1929. according to p. w. Dodge Corporation. Eleven months $876,401,400 against $1,135,761,900. Virginia Electric and Power October balance after taxes $667,899 against $635.889 in October. 1929. Twelve months’ balance after taxes and charges, but before depreciation, $6,008,871 against $5,712,096. Directors of Puget Sound Power and Light Company have offered rights to common stockholders for purchase of new common stock at $25 a share in ratio of five new shares for each eight held. Stockholders approved increase in authorized common shares to 2,000,0110 and the authorized preferred shares so 500,000. International Tea Company’s stores declared interim common dividend of 12 per cent same as in 1929. Federal reserve board’s condition statement of weekly reporting member banks in leading cities on Nov 26, shows decrease for week of $113,000,000 in loans and investments.

First Mortgage Real Estate Bonds ZAISER & ZAISER

We Buy and Sell

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

We buy and sell U. S. Liberty Loan. Bonds U. S. Treasury Certificates Indiana Municipal Bonds Indiana Gravel Road Bonds Federal Farm Loan Bonds Joint Stock Land Bank Bonds i Fletcher American Company 41 North Pennsylvania Street Affiliated with The Fletcher. American National Bank

.DEC. 2, 1930

FOREIGN NEWS HOLDS FUTURE TRADE STEADY Firmer Trend at Liverpool Adds Stronger Tone to All Grains. tty United Frees 0 CHICAGO, Dec. 2.—Firm foreign cables and light deliveries gave wheat a steady opening on the Board of Trade today. Liverpool was strong in small trade, mostly in the way of covering, with frost reported in Argentina and a slightly better sentiment. The South American market was about steady. Corn showed strength again today on the cold weather and absence of deliveries. Oats trailed corn closely. At the opening wheat was l cent higher, corn was % to 1 cent higher and oats were % to % cent higher. Provisions inactive and steady. Liverpool was about as expected at the start, but firmed somewhat by midafternoon to stand •% to % cant higher. Buenos Aires opened steady, but lost % to % cent by midday. There is little incentive to trade in wheat at present, owing to the stabilized condition of the market, and indications are for a narrow range for the time being. The onlydelivery in which the government, has apparently no interest is July, end that month is being affected more by foreign news than domestic, as it is anew crop month. The only action in wheat at present is confined to scalping, taking small profits. Traders in corn believe that the market is well liquidated, and with no pressure from a heavy run and light terminal stocks, a steady market is looked for. There were no deliveries Monday or today, and it it thought that those who have corn will continue to hold it by transferring their holdings into deferred months. Oats are being guided by the trend in corn and the action of the cash market. Spreading between December and May has been the only activity outride of cash house operations.

Chicago Grain Table WHEAT iold' LCC ’ " Prev High. Low. 11:00. close Dec 75% .75’. 75** 74% Mar 78% .77'’ < .78 .77% May 80'* .79% .79-’ .79% July 74*4 .74% .74% .74% CORN fold) Doc 77% .76% .76% .75% Mar 79% .79% .79% .78% May 81% .80*4 .80% 80% July 81% .80% .804* .80% OATS (old) Dec .35% .33 .35% .34% Mar 37 .36% .36% .36%. May 38% .37% .37% .37% July 37% RYE told) Dec 4.V .43% .44** .43’ Mar 16% ,4g 46% 45% May 47% 46*4 .48% .46% LARDDec ; 9.75 9.72 May 9.75 9.70 9.75 9.67 By Times Special CHICAGO Dee. 2.—Carlots: Wheat, 21 corn. 149; oats. 36; rye. 1. and barley. 5 Local Wagon Wheat Citv grain elevators are paying 72c for No. 1 red wheat and 66c for No. 1 hard wheat WARNING ISSUED TO AVOID HOLIDAY FIRES Hogston Cautions Merchants Against Faulty Display Wiring. Merchants and shopkeepers were urged by State Fire Marshal Alfred M. Hogston today to beware cf faulty electrical wiring in window and store displays, temporarily constructed for the holiday season. Each year at this season, numerous fires are started from Christmas electrical displays in stores that cause loss of life and property, Hogston pointed out. Building Permits Smith Agricultural Chemical Compati interior alterations. 1850 Kentucky. $4,000 Amos Pedieo. storeroom, 714-22 East Fif-ty-fourth. $15,000. Gustav Fribcniers. addition. 615 North Drexel. SI,OOO. M. E. Heiner. addition. 2516 Central. $350 Youngest Minister to Speak The youngest ordained minister in the Christian church, tb* Rev. Paul H. Van Duesen, 21, will speak at a meeting tonight in Cadle tabernacle. The services will be open to the public.

801 Fletcher American Bldg 128 E. Market tt