Indianapolis Times, Volume 42, Number 179, Indianapolis, Marion County, 5 December 1930 — Page 26

PAGE 26

STOCK SHARES SELL DOWN IN LIGHT SESSION Radio Continues to Meet Heavy Selling; List Turns Weak,

Average Stock Prices

sver*g of thirty industrials for Thursday x*a* 180 99, off 3.12. Average of twenty rails was 104.32, off 1.12. Average of twenty utilities was 62 91, off 1.52. Average of forty bonds was 94.91, off .11. Bp United Press NEW YORK, Dec. s.—Steady selling of the railroad shares brought them down from l to 7 points in the morning session on the Stock Exchange today and unsetled the entire market. Industrials declined 1 to nearly 6 points and utilities also were lower. Oils and coppers reacted with the general market. Mercantile shares continued to descend to lower levels as further reports of declines in sales were made by various chains. Motors shares worked lower with the exception of Auburn which held around the previous close. New Lows Made In the carrier group, Delaware, Lackawanna & Western made a new low for this century at 84. off i; while new lows since 1924 were made by Jersey Central at 198%, off 7; New York, Chicago & St. louis, 78, off 2!4; New York Central. 125 off 2, and Southern Railway. 60 %. off 3. Missouri Pacific sold off to 27, off 1: Atchison, 182’4; Erie, 27>4, off 1; Union Pa<iflc, 181. off 3, and Illinois Central. 80. off *4. On the bond market second grade rails declined 1 to 5 points, Erie 9s making anew 1930 low, while Alleghany 5s declined 3% points. Other sections of the bond list were steadier. Sales Pressed Selling of the rails represented bear pressure in some instances. In others it was pure liquidation by long holders discouraged by the poor showing of the carriers thus far this year and the prospect of only a slight pickup for some months. United States Steel led the industrials lower, touching 142 ; :, off 1 7 A. Other leaders made corresponding declines. American Can near noon was at 114, off Hi; Bethlehem 60%, off 1%; Eastman Kodak 157%, off 5%; Case 103%, off 2%; Westinghouse Electric 96%, off 1%, and Allied Chemical 200. off 1%. Utilities made smaller declines. American Telephone was steady around 184%, off "i; Standard Gas 66. off %; Consolidated Gas 85%, off 1%; International Telephone 26, offand United Corporation 17%, off Vi. The latter sale involved a block of 12,300 shares.

Bank Clearings

INDIANAPOLIS STATEMENT • —Friday. Dec. 5 Clearings $3,399,000.00 Debits 6,164,000.00 CHICAGO STATEMENT Dec. 5 Bp United Press Clearings $73,400,000.00 Balances 6.700.000.00 TREASURY STATEMENT —Dec. 5 By United Press Net. balance for Dec. 3 $76.196 353.42 Expenditures 6,831,518.61 Customs reels, month to date 3,671,085.01 NEW YORK STATEMENT —Dec. 5. By United Press Clearings $851,000,000.00 Balance 1 121.000.000.00 Fdl. Res. Bnk. Cr. Bal 121.000,000.00 PROSPERITY HINT GIVEN Tempt Public With Wares, Advice to Chevrolet Dealers. Bit United Press CHICAGO. Dec. s.—Stock up with goods that will tempt the public and the depression will end of its own accord. President W. S. Knudsen of the Chevrolet Motor Company told 600 of his dealers. Knudsen said his company is employing 10.000 additional men immediately.

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

New York Stocks

—Dee. 5 Railroads— J!**J* High. Low. 11:30 close. Atchison 185 184’ a 184% }B4_ 2 All Coast Line - % Balt Ai Ohio ... 12% 72 <2 -2% Chesa & 0hi0... 42% 42 42 42% Chesa Corp * Chi Grt West 7 ,A Chi N West 39% 39 s 39% 40 CRI & P 57% £0 Del L & W 84 84% t£ie * Hud,on :: :: ::: f * Great I 'Northern.' 84% 84 84% M Illinois Central Kan City So .12 M K& T 21 20% 21 22 Mo Pacific pfd. .. 2 N Y Central . 128% *36% 126% 1-7 Nickel Plate .... 80 78% 'B% 80 s Nor Pacific 52% 52% 52% 52 Pensvlvania We “ t .’ 59% 58% 58% 59]/ So a pacinc loo 99% 9|% 99% Southern Rv. . 62% 62 6- 63 g St Paul 6% 6% 6% o.a It paui • D fd.:::: 10% 10% 10% 10% St L & 8 F.... 58 oo 56% 58 Unlon'Paclflc .184% 183 183 Wabash ;■ W Maryland fL* io -t West Pacific 10 8 10 * Equipment*— „„ Am Car St Fdv.. ~ oq Am Locomotive. 29 -8 g -8 g 29 Am Steel Fd ■ - 30 22,Am Air Brakes.. Gen Am Tank... General Elec. . 47% 46% 47% *i t Gen Rv Signal.. .. ■■■ -^. 7 , Lima Loco 25 a 24 g 24 g Pullman ... 59% 59 59% 22,., WBtinh Ar R. • • ifor Westingh Elec.. MU j 7 4 * Rubbers — - 1R34 Firestone 18% '8 18 18 Fisk ,%* Goodrich ■ -a, 12,* Goodyear 48% 4,% 4, a Kelly sprgfid 23Lee Rubber .•?,* ,*,* U S Rubber 1,1 1 * Motors — _. Auburn 33_2 81-* ?2,/ Chrysler 16 7 a 16 i 16 b 1* Gardner • * ! 4 i 4 Graham Paige.. 4U j * 1 sass &: %. SlicE :::::::::: A. *•. Marmon •• %%. Nash 28 27% 2<% 23 g Packard 9% 9 9 9.* Studebaker 22;a 22% 22% 22ja Yellow Truck .. 10% 10% 10.a 10.2 Motor Access— v Bendix Aviation .... |'a Borg Warner ..18 J<% “ 8 Briggs 18% 15% 16% I£% Bucd Wheei .... 9% 9% ? - 9 * Eaton *2, 2 io 2 El Storage B °i .a 59 Hayes Body 4 HOuda , 2,' 8 Motor Wheel J? * Sparks W ”, Stewart Warner .. ... 19 s 19 g Tlmkin Roll 4j * Mining— Am Metals • a ..0 Am Smelt 51% 50% 50 , 51 8 Am Zinc ,“, 8 Ana'onda Cop .. 35% 35% Jo < oo ,* Cal & Hecla 9% 10 Pol A- Ari 7 .. ••• <)o 4 Cerro de Pasco'.’." 27% 27% 27% 28 Freeport Texas.. 32% 32 32 32 8 Granby Corp 17% Great Nor Ore.. .. ... 22 ,g Howe Sound 2;> 24% 24% -0 Int Nickel 18% li% 18 18 inspiration 9% 9% Kennecott Cop. . 2i% ai- n > Magma Cop ■ 23 2 2.^2 Miami Copper.. .. ... ,v Nev Cons 12% 11% IJ* If/? exas Gul Sul... 51% 51 51-g 51% U S Smelt 23% 23% Oils— „. t , Amerada -i,* Am Republic -fv, 8 Atl Refining 21 21 g Barnsdall l4Va Beacon ‘x,, Indian Refining 4 % 4 % Mex 12% 3 Mid Conti 16% 16 Pan-Amer (B).. .. ... •■ • Phillips 18% 17% 17% 18% Pr Oil & Gas.. .. ... 17% ”% Pure Oil 10% 10% 10% 10% Richfield 8 7% 7% 8 Roval Dutch t 1% 41? Shell Un 8 3 1 8% 8% 8/g Simms Pt .. Sinclair 12% 12% 12 2 12, a Skpllv .. 13 1 13 Li lip h 4. Ik! Standard of Cal 49% 49% 45% 49>3 Standard of N J 53% 52% 52% 53 Standard of N Y 25% 25% 25% 20% Texas Cos 36% 35 * 36% 37/g Union Oil 25 3 b 25U -5,4 “On Mills.. .. ... 34 34% Bethlehem 60% 60% 60 4 c 0.4 Bvers ATI .. 43% 42 43% 43 Cofo*Fuel . • 25% 24% 24% 25 LSdlum ......... 13% 12% 12% 13 Midland Repuh n i &'s V.‘. i7% *17% 17% - i7% U S steel 144% 143% 143% 144% Vanadium ....... 52% 01% o 2 52% Youngst S & W 22% 22% 22% 24% Tobaccos — _ _ ... Am Sumatra .... 9,6 9 9 9% Am Tob Anew .. , ... ... 104% Ant Tob B new 107-4 106% 106% 1£7% General Cigar 36% Lig & Myers B ... 83% .84 Lorillard 13% 13 13 13% Reynolds Tob j.. 44% 44% 44% 44% Std Com Tob 4% Tob Pr A 11% 11% 11% 11% Tob Pr B 2% United Cig 4% Utilities— Abltibi 10 10 Adams Exp Am For Pwr 36% 36% 36% 37% Am Pwr & Li.... 48 46 8 i 46% 47 A T & T 186 184 5 g 185% 184% Col Gas &El 35% 35% 35% 25% Com & Sou 9 8' g 8 ,g 9 El Pwr & L 1.... 43 42% 42% 43% Gen Gas (A1... 5% 5% 5% 5% Inti T & T 26% 26% 26% 26% Natl Pwr & Li.. 36% 35% 35% 36 No Anter C 0.... 68 65 66 70% Pac Gas & El. 48% 47% 48% 48% Pub Serv N J.. 72% 71% 71% 73% So Cal Edison.. 47% 47 47 47% Std Gas & El.. 66% 66% 66% 66% United Corn.... 18% 17% 18% 18% Ut Pwr & L A.. 24% 24% 24% 25% West Union 136 135% 136 136 Shipping:— Am mil Corp.. 20% 20% 20% 21 Atl Gulf & W 1.. 42 41% 41% ... Inti Mer M pfd ~ ... 17 United Fruit.... 65r* 60% 65% 60% Foods— Am Sugar jO% ... Armour A 37a Cal Pkg 00% 51 Can Drv 39 38% 38% 39 Childs Cos 29% 29% 2978 29% Coca Cola 155% 154 154 157% Cont Baking A.. 22 21% 217 g 21% Corn Prod 78 77% 77% 78% Crm Wheat 27% 28% Cudahy Pkg 407a 41% Gen Foods 517 g 51 51 51% Grand Union 12 12%

* (Bv Thomson So McKinnon 1“

Hershev , ... 88% Jewel Tea 44% Kroger 22% 23 Nat Biscuit 787a 77% 77% 77% Pillsbury 29% Safeway St 48% 48 48 48% Std Brands 18% 17% 17% 18 Ward Bkg 48% Drags— Coty Inc 10% 10 10 11 Lambert Cos 79% Lehn it Fink 25 Industrials— Am Radiator ... 19% 19 19 19% Certainteed 3% Lehigh Port 147a OtlS Kiev 57% 57 57 56% Indus Churns Allied Chem ... 200% 199% 199% 201% Com Soiv 17 16% 16% 17 Union Carb . ... 60% 59’, 59% 60% USlndAlco... 63% 63% 637 g 64 ..Retail Stores— Assoc Dry Gds 25% 25% Gtmbel Bros ... 6 Kresge S S 27% 27 27% 27 May D Store 334, ... Mont Ward .. 20% 20% 20% 21 Penny J C ... 33% 33% Schulte Ret St 4% 4% Sears Roe 52 7g 51% 52 52% Woolworth 60% 59% 59% 60 4 Amusements— Bruns Balke 11 11 Col Graph 107a 10% 10% 10% Crosley Radio .. . 5% 5% Eastman Kod ..182% 159% 159% 163 Fox Film A 30% 30% 30% 3! Grigsby Gru 5% 3% Loews Inc 58 55% 55% 56% Param Fam 43% 43 43 45 Radio Corp 15% 14% 14% 15% R-K-O 20 19% 20 20% Schubert 6 Warner Bros ... 17 16% 17 16% Miscellaneous— Airway App ... 10 10 City Ice & Fu 37% 37% Congoleum 8% 8% Am Can 115% 114% 114% 115% Cont Can 49% 49 49 49% Curtiss Wr A... 27a 2% 2% 2% Gillette SR .... 32% 31% 31% 32Vi Real Silk 31 32

Indianapolis Stocks

—Dec. 5 Bid. Ask. American Central LI Inc C 0.1.000 Belt R R & S Yds Cos com 48 51% Belt R R Yds Cos Dfd 53 . . •Central Indiana Pw Cos pfd 7s 84 88% Bobbs-Merrill Cos 28 Circle Theater Cos com 7s 103 Citizens Gas Cos com 10s 25 ...• Citizens Gas Cos pfd 5s 98 103 •Commonwealth Ln Cos pfd 7s 97 101 ‘Commonweath Ln Cos pfd... 100 Hook Drug Cos com 15 Indiana Hotel Cos Clapl com. 125 Indiana Hotel Cos pfd 6s 101 Indpls Gas Cos com 6s 58 62% Indpls Pwr A- Lt Cos pfd 6%5.101% 104 Indpls Pu Welf L Assn com 8s 53 Indols Water Cos pfd 5.- 10194 Tnterst Pu Ser Cos pr li pfd 6s .. 90 Interst Pu Ser Cos pr 11 pfd 7s. 98'% 102 Metro Loan Cos 8s 100 North Tnd Pub Serv Cos pfd 57as . . 95 North Ind Pub Serv Cos pfd 6s .. 100 Northern Ind Pu Sv Cos pfd 75.105 110 Prog Laundry Cos com 31 Ei Rauh & Sons Fertil Cos pfd 6s 47 Terre Haute Lt St Pwr pfd., 63 Union Title Cos com 3s 29 37 Van Camp Prod Cos Ist pfd 7s .. 94 Van Camp Prod Cos 2d pfd Bs.. . 100 Auburn Automobile Cos com.. 81% 83% Backstay Welt Cos common... 12 19 Ind Pipe Line Cos 1.9 21 Link-Belt Cos common 33 35 Lvnch Glass Machine Cos com. 13 15 Mead Johnson Sc Cos com 75% 77% N Y Central Railroad C 0... .124% 126% Noblitt-Sparks Industries Inc.. 37 39 Perfect Circle Cos com 28 30 Real Silk Hosiery Mlils Inc pfd 85 90 Real Silk Hosier Mills In com 38 32 Ross Gear & Tool Cos 19 21 Standard Oil Cos (Indiana).. 36% ... Studebaker Corporation 21% 23% Bonds Belt RR & Stk Yds Cos 45.. . 85 Broad Ripple Trac 22 Cent Ind Gas Cos 5s 98% Citizens Gas Cos 5s 101 Citizens Street Railroads 55.. 22 Gary Street Ry Ist 5s 69 Home T St 8 of Ft Wayne 65.. 102 Ind Railway & Light Cos 55.. 94 Irdiana Service Corpn 5s 85 Indpls Pwr & Lt Cos 9P 101 Indianapolis Gas Cos 5s 99*% 102 Indpls & Martinsv Ra Hr Cos 5s 15 Indr Is & Northw Trac Cos 55... 6 Indpls St Rw 4s 9 Indpls Trac & Term Cos 55.... 63 657Union Rv 100 Indpls water 5s 98 Indpls Water Cos 57 2 s 103 104% Indpls Water Cos 57:S 103 104%' Indpls Wa Cos Ist lien & ref 5s 98 Indpls Water Cos 47 2 s 96 Indpls Water Works Sec Cos ss. 90 Interstate Pub Serv Cos 47 a s. 89 Interstate Public Service Cos 5s 95 Interstate Pub Serv Cos B 67 2 5.105 No Ind Pub Serv Cos 5s S8 No Ind Teleph Cos 6s 98% 100 Ter Haute Trac St LI Cos 55.. 80 Sale 100 sh Indpls N.Western pfd stock at $2

Investment Trust Shares

(By R. H. Gibson & Cos.) x —Dec. 5 PRICES ARE T# 12 NOON C. S. T. Bid. Ask. Amer Founders Corp. com 5% 5% Am. & Gen. Sec. ‘A” 14% 15% Am. Inv. Trust Shares 5% 6% Basic Industry Shares 6% 7% Corporate Trust Shares 6 6% Diversified Trustee Shares “A”. 17% 18% First American Corp 7% 8% Fixed Trust Oil Shares 6% 6% Fixed Trust Shares “A” 15% .... Inv. Trust N. Y: 7 8 Leaders of industry Series “A” 8% .... Nation Wide Securities 6% 7% National Industry Shares 6% 6% N. Am. Trust Shares 6% 6% Sel. Am. Shares 6% 6% Shawmut Bank Inv. Trust 9% 11 Universal Trust 6% ((% S. W. Strauss Inv. Units 45 54 Super Cor. of Am. Trust Sh. “A” 7 7% Trustee Std. Oil “A” 6% .. Trustee Std. Oil “B” 7% 7% U. S. Elec. Light & Pwr. “A”..29% 31%

New York Curb Market

(By Thomson & McKinnon) —Dec. 5 11:30 H:3O Am Com Pwr.. 14 iNat Pub Serv A 18% Am Gas & El.. 91 iNewmont Min... 51% Am Lt & Tr., 4S Nia Hud Pwr... 10% Ark Gas 6%iNoranada 15% Avia of Am... 24%Penroad 6% Brazil P & L.. 24%;Prince & Whtly 1% Cities Serv 17% Salt Creek 7% Crocker & W'h. 9%15el Indus 2% Elec Bond Sh.. 44% j Shenandoah ... 6% Ford of Eng... 15% Std of Ind 36% Ford of Fr 9% l Std of Ky 23 Goldman Sachs. 9 istutz '. \o>. Gulf Oil 74 |Tr Air Tr .... 5% Hudson Bay... 5 jUn Gas (new).. 8% Ind Terr A 18 !Un Lt St Pwr... 25% Int Pete 14% Un Verde 8 Midwest Ut 19 iUt In Ind 7% Mo Kan Pipe.. 6%iut Pwr 10% Mt Prod s%Vacuum Oil ... 63% National Sugar. 30 IWallgreen 31%

New York Bank Stocks

(Thomson & McKinnon) —Dec. 4 Bid. Ask. America 62'% 65% Bank of United States 12 14 Bankers 108% 111% Brooklyn Trust 600 610 Central Hanover 245 250 Chase National 100% 105% Chatham Phoenix Natl ... 80 85 Chemical 48% 50% City National 104% 107% Corn Exchange 135 137’ Commercial 280 295 Continental 17% 20% Empire 54 57 First National 3.900 4.000 Guaranty 489 491 Irving 33% 38% Manhattan & Cos 86% 89% Manufacturers 46 48 New York Trust 167 172 Public 7! 74 Chelsea 22% 24%

Net Changes

Bp United Press NEW YORK. Dec. 4.—Closing prices on principal stocks traded today on the New York stock exchange follow: . , „ u p- ° ff - American Can 115% 1% American Telephone .184% 3% Atchison 184% 3 Bethlehem 61% 1- 8 Byers 43 1% Case 106% 4 Consolidated Gas 86% 1% Electric Power 43% % Fox Film (A> 31 % General Electric 47% 1% General Motors 35 % International Nickel is % Loew's Inc 6% % Montgomery Ward 21 1 New YPrk Central ...127 1% North American ...‘ 70% 1% Pennsylvania 59% % Radio 15% 1% Sinclair 12% % Standard Oil. N J 52% % Union Carbide, ex-div 60% % U S Steel 144% 1% Vanadium 52% 1% Westlnghouse Electric 98% 1% Chicago Stocks Opening (Bv James T. Hamill & Cos.) —Dec 5 Ass Tel Util... 21 ilnsull Com 38% Bndl Avia... 17% Ins 6s 1940 89% Borg Warner... 17% Lion Oil 7% Cent So W.... 17% Middlew com ~ 19 CordCorpn .... 4% Natl Pw & Lt.. 61 Ch Con pfd 40% Mor <k So Am. . 10% Chao See. 15%;u S R Ra & Tel 15% Grigsby Gru ... 3%,ytil & Ind com. 7% Houdi B

THE INDIANAPOLIS TIMES

SWINE MARKET MOVES LOWER AT CITY YARDS Large Receipts and Lack of Interest Play Part in Downswing, Nov. Bulk Early Top. Receipts 28. 38.65a 8.75 $8.75 7,000 29. 8.5051' 8 60 8.60 6.000 D /. r ' 8.403 8.45 8.45 10.000 2. B.2s <ft! 8.35 5.35 9.000 3. 8.40® 8.50 8.50 ,7.000 4. 8.50® 8.60 8.60 6,000 5. 8.25 Q; 8.35 8.35 14,000 Large receipts and lack of interest carried hogs down 25 to 35 cents today at the Union Stockyards. The bulk, 140 to 300 pounds, sold for $8.25. An early top price of $8.35 was made. Receipts were estimated at 14,000; holdovers were 444. In the cattle market steer trade was negligible. A weak and cleanup trade was in progress in she stock, prices about steady. Receipts were 600. Vealers were 50 cents lower, selling at sl2 down. Calves—Receipts were 600. Lambs held 25 to 50 cents higher, the bulk of good and choice kinds going at $8 to $8.50. Top price was $8.75. Receipts were 1,600. Chicago hog receipts were 30,000, including 10,000 direct. Holdovers were 6,000. The market held slow with a few early sales and bids around 10 to 29 cents- lower than Thursday's average. Few lots of choice 140 to 160-pound weight#, sß.4ofsome held higher; 180 to 220pound weights, $8.30; 210 to 220pound, $8.25. Cattle receipts were 2,000: calves, 1,000; the market steady. Sheep, 11,000; steady to 25 cents higher. HOGS Receipts. 14,000; market, lower. —Light Lights—--1140-160) Good and choice. . 8.25 —Light Weights—--1160-180) Good and choice... 8.25@ 8.30 (180-200) Good and choice.... 8.25 ft 8.35 —Medium Weights—-(2oo-2201 Good and choice 8.25® 8.35 (220-250) Medium and good.. 8.25 —Heavy Weights—-(2so-290) Good and choice... 8.25 1290-350) Good and choice... B.oo@ 8.25 —Packing Sows— „ (275-5001 Medium and good ... 6.75® 7.50 (110-130) Slaughter pigs B.oo@ 8.10 CATTLE (Slaughter Class) Receipts, 600; market, steady. Good and choice $10.50®13.00 Common and medium 6.50® 10.50 (1.100-1.500) Good and choice slo.oo® 12.70 Medium 7.00®10.00 —Heifers—-(soo-850) Good and choice $ 8.50®11.00 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.C0 —Bulls (veariings excluded) Good and choice beef 4.75® 6.25 Butter, common and medium.. 3.00 ft 4.75 CALVES AND VEALERS Receipts, 600: market, lower. Good and choice $11.50ft12.00 Meduim 7.504)11.50 Cull and common 5.00 ft! 7.50 —Calves—-(2so-300) Good and choice 7.00ft10.00 Common and medium 4.50® 7.00 STOCKER AND FEEDER STEERS Good and choice $ 6.25® 8.50 Common and medium 4.00 ft 6,25 (800-1.500) Good and choice 6.25® 8.50 Common and medium 4.50® 6.25 SHEEP AND LAMBS Receipts, 1,600; market, higher. Good and choice $ B.oo® 8.75 Common and medium 6.00@ 8.00 —Ewes— Medium and choice 2.50® 4.00 Cull and common I.oo® 2.50 Other Livestock By United Press CHICAGO. Dec. s.—Bogs—Receipts. 30.000; including 10,000 direct; slow. 15ft25c lower; packing sows, 10@20c ofi; top. $8.40 for choice 130-160 lb, weights: bulk all weights. $8.20®8.30: pigs. $8.25ft;8.40; packings sows, $7.10ft7.50; light lights. 140-160 lb. good and choice. [email protected]; light weight, 160-200 lbs., good and choice, $8.20 (38.40; medium weights.- 200-250 lbs . good and choice, $8.15ft8.30; heavy weights. 250350 lbs., good and choice, [email protected]: packing sows. 275-500 lbs. medium and good. [email protected]: slaughter pigs. 100-130 lbs. good and choice, sßftß.4o. Cattle —Receipts, 2.000: calves. 1,000; general quality plain: all killing classes fairly active and steady to strong; most fat steers and yearling eligible to $7.50ft9.50; few, $10.50 @11.25; slaughter catle and vealers. steers, 600-900 lbs., good and choice. $lO 25ft13.75: 900-1.100 lbs., good and choice, $10.25@ 13.75: 1,100-1,300 lbs. good and choice. [email protected]: 1.300-1,500 lbs., good and choice, [email protected]; 600-1,300 lbs. cotamon and medium. $6.50(310.25: heifers. 550-850 lbs., good and, choice. [email protected]; common and medium. $5.10@7; cotvs. good and choice. $5 25ft7.25; common and medium, $3.75ft5.25; cutter and cutter, s3@4; bulls yearlings excluded, good and choice beef, $5.25(3 6.50: cuter to medium, $4(35.75: vealers milk fed good and choice, $8.50@ 11.50; medium, $6.50(38.50; cull and common, [email protected]: stocker and feeder cattle: steers. 500-1,050 lbs., good and choice. $7 ft 9: common and medium, $6.50@7. Sheep —Receipts. 11,000; fairly active, killing classes steady to strong: fjesh feeders absent.; early bulk good to choice lambs. SB(3 8.50 to packers, several loads, $8.65 and $8.75 to shippers and city butchers: some held higher, slaughter sheep and lambs, lambs, 90 lbs down, good and choice. [email protected]: medium. $6.75(37.75: all weights common, $5®6.25: ewes 90-150 lbs., medium to choice. $2(33.75; all weights cull and common, $1ft2.55: feeding lambs, 50-75 lbs., good and choice. [email protected]. B;/ Times Special LOUISVILLE, Ky.. Dec. s.—Hogs Receipts. 800: market 15c lower; 325 lbs. up, $7.75: 175-325 lbs.. $8.35; ISO-175 lbs.. $7.95; 130 lbs. down, $7.25; roughs. $6.60; stags. $5.60. Cattle—Receipts. 200: market slow; prime heavy steers. $9(310.50: heavy shipping steers. $7.50®9: medium and plain steers. [email protected]; fat heifers, $4.50ft10; good to choice cows. $4.50®6: medium to good cows, $3.75ft4.50: cutters. [email protected]: canners, $2(32.75; bulls, $3.50(35.25: feeders. $6.75(37.25; Stockers. s4@7. Calves —Receipts. 200: market 50c lower: good to choice, $7.50(39.50; mediums. [email protected]; common to medium. $3(3 5. Sheep Receipts. 1.000: market steady: ewe and wether lambs. $7.50: buck lambs. $6.50: seconds. [email protected]: ciiDped sheep. s2ft3. Thursday’s shipments: Cattle, 44; calves, none; hogs. 135: sheep, none. Bp United Press EAST BUFFALO. N. Y., Dec. 3 —Hogs— Receipts. 3.800; holdovers 200; fairly active. 15(325c lower, mostly 20e under Thursday’s average; bulk desirable; 150240 ibs., $8.90: few r . $9: weights below 130 lbs.. $9; 250-300-!b. butchers. $8.60(3 8.85; packing sow's. sßftß.so. Cattle—Receipts. 250; slow and steady, medium yearlings, $10.40: steers, $8.75; cutter cows. $2.25® 6.75. Calves—Receipts, 1.200: vealers generally $1 lower: demand only fair at decline: good to choice. $12.50 to mostly sls. Sheep—Receipts. 4,400: fat iambs steadv others weak to 25c lower; good to choice ewe and wether lambs. $8.50(3 8.75: medium kinds and weighty descriptions, $7.50: tltrowouts, $6.50. Bp United Press PITTSBURGH. Dec. s.—Hogs—Receipts. 3.500; m:.rket mostly 10c lower: bulk 150220 lbs.. $9; 230-260 lbs.. $8.75; pigs around $8.75; packing sows 25c lower at $7.50 down. Cattle—Receipts. 25; no earlv trading. Calves—Receipts, 150: market slow, steady to weak: top vealers. $13.50: medium to good. $8(312. Sheep—Receipts. 1,500; fat lambs weak; choice handyweights around $8.50. By United Press CINCINNATI. Dec. s—Hogs—Receipts. 4.300; holdovers. 10C: slow; hogs scaling 160 lbs. upward, mostly 10c lower: some %te sales 25c off: lighter weights about steadv: sows weak; spots 25c lower; desirable 160-260-lb. averages. $8.503 8.65: largely $8.65 on 240 lbs. down; 130-150 lbs.. $8.25® 8.50: bulk sows. $7: few smooth ligh* weights. $7.25. Cattle—Reecipts. 500; holdovers 550; calves 400; slow, steers nd heifers, weak to 25c or more ''•wer: all grades cows steady; bulls wea . common and medium steers and heifers. $5.50ft8: more desirable lightweights up to $10: two loads good heifers with weight. $8: most beef cows. $4.50(35.50; bulk low cutters and cutter cows. $2.75®4, good and choice vealers steady: largely Sll®12; lower grades draggv with bids unevenly lower. Sheep—Receipts. 450: generally steady; desirable light and handv weight lambs. sß® 8 50: common and medium mostly s6@7: fat ewes. s2ft3. Bp United Press EAST ST. LOUIS. HI . Dec. s.—Hogs—Receipts. 13500: market, mostly 25®30c Sower; pigs and sows, 15)i 25c lower, top. $8.40: few light hogs. $8.35: 140-270 lbs.. $8,253 8,30: mostly. $8 25; 100-130 lbs.. $7.75&8.25: sows. $7.1047.7.25. Cattle—Receipts, 800. calves receipts, 500: market, vealers $1 lower at sll 50: Other classes generally steady; few loads steers, *7.50<3 8; fat mixed yearlings and heifers. $9.25, up; cows. $4.2505: low cutters. $2.50® 3: medium bulls. $5.25 down. Sheep—Receipts, 700; market, fat lambs mostly 25c higher: sheep steady, top lamb to city butchers. $8.50: bulk to packers. $8ft8.25: common throwouts, $53,5 50, fat ewes. $3 50 down.

Dow-Jones Summary

LONDON—New York cables opened at 4.85% against 4.85 19-32: Paris checks. 123.55: Amsterdam, 12.065; Italy. 92.655; Berlin. 20.362. H. C. Bohark Company November tales 52.806.223 against $2352.115 In November. 1929. Ten months ended Nor. 30 sales *26,892,038 against 523.542.150. ; 4 Pacific Telephone tnd Telegraph Company declared regular quarterly dividend of $1.75 on common, payable Dec 31. record Dec. 20. Liaul! Carbonic Company declared regular quarterly dividend of $1 on common, payable Feb. 1. record Jan. 20. * Firestone Tire and Rubber year ended Oct. 31. net profit $2.66 a share on 587.633 shares of 6 per cent against $3.26 a share on 2.239.860 common shares after preferred dividends ln preceding fiscal year. National Power and Light and subsidiaries twelve months ended Sept. 30. consisting npt Income $2.22 a share on 5.446.584 common shares against $1.98 a share on 5.430,944 shares ln preceding twelve months. International Carriers. Ltd., calls stockholders meeting Dec. 18 to vote on proposal to retire 178.797 shares of stock purchased in epen market. Proposes to reducestated capital to $lO a share from sls to allow company to continue purchases of stock below break-up value. Directors Intend to declare dividend of 25 cents on stock making 50 cents for 1930. Postal Telegraph and Cable Corporation declared regular quarterly dividend of $1.75 on preferred. Directors state dividend action in future must depend in general on earnings. In nine months ended Sept. 30. earned 72 cents a preferred share against $5.80 in first nine months of 1929. Scpterffber quarter net loss $95,758 against earnings of 56 cents a preferred share in previous quarter and $1.75 a preferred share in like 1929 quarter. NOVADEL—Agene Corporation declared SI quarterly com con dividend placing stock on *4 annual basis and usual extra 25 cents dividend, three months ago 75 cents paid on common with 25 cents extra and six months ago 50 cents with 25 cents extra. Company estimated 1930 net at SO a common share against $5.03 a share in 1929. Froduct.io nos Calumet St Arizona Mining Company, including that of New Cornelia Copper Company, prior to consolidation, for November was 7,216,000 against 9,962.800 pounds in 1929. Consolidated Mining and Smelting Company of Canada declared usual extra dividend of $5 and regular semi-annual dividend of $1.25. payable Jan. 15, record Dec. 30. November pig iron production ln United States averaged 62.237 tons daily against 69.831 in October and 106,047 in November. 1929. Eleven months output 29,733,415 tons against 42,448.853. Federal Light and Traction and subsidiaries twelve months ended Oct. 31, profit $2,213,425 after taxes, charges and subsidiaries preferred dividends, but before depreciation, against $2,046,605 in preceding twelve months. Babcock & Wilcox Company declared regular quarterly dividerfd of $1.25, payable Jan. 2. record Dec. 20. Mackay Companies declared regular quarterly dividends of $1.75 on common and $1 on preferred, payable Jan. 2. record Dec. 12. Scoville Manufacturing Company declared a dividend of 50 cents, payable Jan. 1, record Dec. 15. Three months ago 75 cents was paid. Noblitt-Sparks Industries, Inc., declared regular quarterly dividends of 75 cents in cash and 1% per cent in stock, payable Jan. 1, record Dec. 20. Wells Fargo Bank and Union Trust Company declared regular quarterly dividend of $3.25. payable Jan. 1, record Dec. 24.

Produce Markets

E'ggs (Country Run)—Loss off deliveied in Indianapolis. 23c; henery quality No. 1, 32c* No 2 15c. Poultry*’(Buv’ina Prices)—Hens weighing 5 lbs. or over. 18c: under 5 lbs., 16c: Leghorn hens. 13c: springers. 5 lbs. or over 18c or under 5 lbs., 16c; ducks, springers. 12c: old cocks. 9@llc: ducks full feather fat white, lie: geese. Bc. These prices are for No. 1 too Quality Quoted bv Kingan & Cos. Butter (wholesale) —No. 1. 35@36c; No. ' Butterfat —29c. Cheese (wholesale selling orlce.. per pound)—American loaf. 31c: pimento loaf. 32cc: Wisconsin firsts. 27c; Longhorns. 34c: New York Llmbereer. 36c. Bp United Press * NEW YORK, Dec. s.—Flour—Dull, but steady; spring patents. $4.50®4.85. Pork —Dull: mess. $32.50. Lard—Firm; middle wgst spot, $10.45® 10.55. Tallow*—Steady: special to extras, 4%ft4%c. Potatoes— Firm; Long Island, $1.60(83.65 barral: southern, $8 barrel; Maine, [email protected] barrel: Bermuda, S8(10 barrel: Canada. 45cft'3 barrel: Idaho. 50c@$3 sacks. Sweet potatoes—Weak: southern baskets. sl.2sft 1.65; southern barrels, s3@4; jersey baskets. [email protected]. Dressed poultry—Steady; turkeys 20ft38c; chickens. 20@38c; fowls, 14ft27c: ducks 15ft22c; ducks. Long Island. 20® 22c. Live poultry—Unsettled; geese. ll®20c; ducks, 12(5:25c; fowls. 20® 27c; turkeys. 20@30c; roosters, 16ftl8c; chickens, 17ft24c; capons, 25ft35c; broilers, 18©40c. Cheese —Dull: state whole milk, fancy to soecials, 20@22%c; young Americas. 19@21c. Bp United Press CINCINNATI. 0., Dec. s.—Butter, steady; creamery in tub lots according to' score 28@31c; common score discounted 2ft3c; packing stock No. 1. 25c: No. 2,18 c; No. 3, 10c; butter fat, 28ft30c. Eggs—Higher; cases included: extra firsts. 35c; firsts, 27c: seeonds. 25c; nearby ungraded, 32c. Live Poultry—Thin and coarse stock sells only at heavy discount: fowls 5 lbs. and over, 20c; 4 lbs. and over, 16c; 3 U?s. and over, !3c: Leghorns. 3 lbs. and over 13c: roosters. 13c: colored fryers over 3 lbs.. 20c; over 2 lbs., 21c; broilers colored 1% lb. and over. 25c; broilers partly feathered. 12c; Leghorn and Orpington fryers over 2 lbs.. 17c: roasting chicks 4 lbs and over, 20c; black springers, 12c. Bp United Press CHICAGO. Dec. s.—Eggs—Market, unsettled: receipts. 4,332 cases; extra firsts. 27c: firsts. 25c: current receipts. 23@24c; ordinaries, 20@22c: seconds. 15ftl8c. Butter —Market, steadv: receipts 5.797 tubs: extras, 33%c: extra firsts. 31%ft32>%c: firsts, 28%ft30c: seconds, 26%®27%c: standards. 32c. Poultry—Market, weak; receipts. 4 cars: fowls. 186 c: springersT 17% ft 18c; Leghorns. 14c: ducks. 16c; geese, 14c: turkeys, 18©23c: roosters. 15c. Cheese —Twins. i6@l6%c: Young Americas. 17c. Potatoes—On track. 240; arrivals. 50: shinments, 738: mai*ket. dull; Wisconsin sacked Round WhitesA $1,40® 1.50; Minnesota Roi'nd Whites. $1.25671.45: Idaho sacked RUSsets. [email protected]; Colorado McClures. $1.35ft1.80. By United Press CLEVELAND. Dec. s.—Butter—Extras, 33%:c standards. 32c. Eggs—Extras. 28c: firsts. 25c. Poultry—Heavy fowls, 20c: medium, 17c; Leghorn. 10@13c; heavy broilers. 17ft 18c; Leghorn broilers. 15ftl6c: ducks. 15©l8c: old cocks. 13c: geese. 15c; turkeys. 26c: dressed rabbits, $2.50 dozen. Potatoes—Ohio Round White, best sl®l.lo per 60 lb. sack; Maine Green Mountain, mostly $2.35ft2 40 per 120-lb. sack: Idaho Russet, $2.35®2.50; mostly, $2.35ft2.40 per 100-lb. sack. Other Livestock Bp United Press TOLEDO, Dec. s.—Hogs—Receipts. 400: market. 15c to 25c lower; heavies. $8®8.25: mediums. sß.loft 8 30: vorkers, $8.15ft8.35; pigs. $8.15(58.35. Cattle—Receipts, light: market steady to strong. Calves —Receipts light: market,. 50c lower. Sheep—Receipts, light; market, steady to slow*. Bp United Press CLEVELAND. Dec. s.—Hogs—Receipts. 1;100; holdovers. 152: slow. 10c or more lower: top, $8.75 on 160-250-lb. mixtures; 25c off or downward to S7 and $5 respectively on rough sows and stags. CattleReceipts. 250: steers, dull and weak; common kind, 57ft8.50; cows and bulls, unchanged; low cutter and cutter cows. 52.50@4 mostly: calves, receipts. 200: uneven, mostly steady to weak; spot 50c or more lower; good to choice vealers, $12.50ft 13.50; culls to medium, $7.50® 11; according to kind. Sheep—Receipts, 3,200. lambs, steady, quality considered: good to choice selling freely and upward to $8.50; best around *8.75; common to medium throwouts. s6@7; heavies, $7; good fat ewes, $3ft3.50. •MAN,’ 6, JUST BOY: CRIES FOR LOST DOG Toledo Prodigy* Lays Aside Pipe to Mourn in Basso Wails. Bp United Press TOLEDO, 0., Dec. s.—Clarence Kehr Jr., 6-year-old man, threw aside his pipe and cigars today to mourn in boyish tears the loss of his dog Shep. Clarence, who at 6 has a man’s strength, a man’s growth of beard and a man’s liking for strong smokes, recently was barred from local primary’ schools because of his unusual maturity. There was nothing mature about him today, however, but the basso quality of his wails as he demanded the return ©f Shep.

FIRMER TREND FELT IN GRAIN MARKET DEALS Bullish Sentiment Prevails in Cable News; Corn Pit Nervous. By United Press CHICAGO, Dec. s.—Wheat held steady as the Board of Trade opened today, with practically no changes. There was scattered selling and moderate support, but trade was very light. Liverpool was idle and dull, with the market steady on the lack of pressure ta sell, though unsold Russian receipts prevented a rise. Corn was easy, with moderate selling in the way of profit-taking on last night's strong close. Oats were steady with wheat. At the opening wheat was unchanged to % cent lower, corn was cent to % cent lower and oats were unchanged to !6 cent lower. Provisions were weak. Liverpool was steady and at midafternoon % cent to T 4 cent higher. Buenos Aires also was steady at % cent higher at mid-day. It has been easier to sell than to buy wheat for the last several days. The farm board has been selling December and buying May, which may be in the nature of transfering hedges and it enables cash handlers to get over into the deferred months. Weather in the southwest is being watched closely, as the winter lacks snow covering, but the weather remains favorable at present. Corn became oversold Thursday when indications pointed to an increase in the movement and short covering advanced the market. The pit is rather nervous, owing to the fact that corn is higher than wheat. Oats have been maintaining their strength mostly on the good cash situation. Much attention is being paid to advices which claim bran was received at the seaboard from Greece and sold at a profit, notwithstanding the import duty of 10 per cent ad valorem. Chicago Grain Table —Dec. 5-4 W’HEAT (old) ' Prev. Hieh. Low. 11:0. close. Dec 76% .76% .76% .76% Mar 78% .78’% .78% .78% May c .80% .8014 .80% .80% July 74% .74% .74% .74% CORN (Old) Dec 76% .75% .75% .76% Mar 79% .78% .78% .79% May 81% .80*4 .80% .81% July 82% .81 7 /8 .81% .83 /OATS (old) Dec 36 .35% .35% .36 Mar 37% .37% .37% .37% May 38% .38% .38% .38% July 37% .37 .37% .37% RYE (old) Dec 49 .48% 48% .48% Mar 48% .49% May 49% .48% .49 .49% LARD—' Dec ..... 10.07 10.10 May 9.77 9.72 9.72 9 82 E.p Times Special CHICAGO. Dec. s.—Carlots: Wheat, 9; i corn, 196; oats, 15; rye, 0, and barley, 5.

Local Wagon Wheat

City grai neievators arc paying 74c for j | No. i red w'heat and 68c for No. 1 hard j i wheat. JAMES MOWRER, I DRUG! ST, DEAD for City Business Man Here Sunday. James M. Mowrer, 83. affiliated with the drug business in Indianapolis for forty years, died late Thursday at his home, 1462 Central avenue. Mr. Mowrer was bom in Henry | county, the son of Nicholas and i Mary J. Mowrer. He was in the drug business in Newcastle before coming here in 1890. He formerly was president of ,the McCoy & Howe Drug Company here, and at the time of his death was associated with tfie Swan-Myers Drug Company, I A member of the Newcastle j Masonic lodge for more than sixty : years, Mr. Mowrer continued his Masonic activities here and was a j member of the Knights Templar, j Scottish Rite and Shrine. He is survived by the widow. Mrs. 1 Amy E. Mowrer and two sisters, j Mrs. Maggie Millikan and Miss Katie Mowrer, both of Newcastle. Funeral services' will be held at | the home Sunday morning at 10 i ! with burial at Newcastle at 2:30 ; o’clock. GIFFORD COCHRAN, 50. DIES IN APARTMENT Police Declare Millionaire SportsMan Succumbed to Natural Causes. i Bp United Press NEW YORK. Dec. s.—Gifford Cochran, 50, millionaire .sportsman, j was found dead today in the hallway of his apartment. Police said j a preliminary examination disclosed j he had died from natural causes. He was a member of one of the most prominent families in the United States—a family that built up a fortune out of the Alexander Smith & Sons Carpet Company of j Yonkers, N. Y. Cochran’s race horses comprised what followers of the turf called ‘‘the milionaire stable.” In 1925, his Flying Ebony, with Earl Sande up, won the Kentucky Derby. WRITER SEEKS DIVORCE Suit Charges Wife Tore Manuscript When Angry at Him. * j By United Press CINCINNATI, 0., Dec. 3.—She waited until he completed valuable manuscripts and then destroyed i therp. Philip Reister, writer, Metro--1 pole hotel here, charges in a suit filed here Dec. 3, for divorce from j Mrs. Ruth Bess Reister, Charlotte, Mich. Mrs. Reister sometimes destroyed household furnishings and struck him on the head in her fits of an- | ger, his petition charges. ■ Milk for Children Bp Times Special MARION, Lnd., Dec. s.—More than 1,200 children will receive milk at schools as the result of the action of civic clubs in providing funds, plans for the distribution of the milk have been completed by Elbert E. Day, city school superintendent. 4

The City in Brief

A meeting of the officers and committee members of the Indiana Republican Editorial Association has been called for Sunday at the Columbia Club by Neill D. McCallum of Batesville, secretary. Scheduled for last week, the meeting was postponed because of the illness of the mother of Paul R. Bailsman. Monticello, president. Lessons in life-saving will be conducted in Hotel Antlers pool, starting Monday with Francis Hodges, volunteer worker for the Indianapolis chapter of the American Red Cross, in charge. First of a series of analytic character lectures will be given in the Y. M. C. A. auditorium tonight by Ancil T. Brown, author, whose topic will be “Self Analysis.” Two lectures, one on “Childhood Lung Conditions.” with slides, by Dr. James V. Stygall, and the other on recent methods on-treating head injuries, by Dr.' Jewett V. Reed, will feature the meeting of / the Indianapolis Medical Society on Tuesday night at the Athenaeum. Motion pictures of his European tour will feature the lecture of Rex P. Young, assistant secretary in charge of the foreign and travel department of the Fletcher Savings and Trust Company, at a meeting of the Knights of St. George Monday night in Sacred Heart school hall. A Boy Scout troop was organized Thursday night at the St. Joan of Arc Catholic parish house. The Rev. Bernard Shea presided. F. O. Belzer, scout executive, and twelve eagle scouts discussed the scout movement. E. C. Atkins Rifle and Pistol Club has been granted a charter in the National Rifle Association, headquarters of which are in Washington, D. C., according to an announcement made today. The club was organized in September with company employes as members. Gift of $25,000 to the state for the development of Dunes state park, by Julius Rosenwald, Chicago philanthropist, was announced today by Richard Lieber, director of the department of conservation. Mrs. 'Bertha Cook, Vincennes, has been'' appointed secretary to Grover Garrott, chief of state police, it was announced. Restlessness, chief source of crime, can be curbed by personal missionary work by individuals whose faith in Christianity is firm, Sumner Clancy, attorney, told members of the North wood Christian church at a weekly fellowship dinner Thursday night. The Chicago Concert Company, with Frank Bennett as director, will feature the entertainment program for the annual night party of the Rotary Club of Indianapolis Tuesday night at 6:30 in the Riley room of the Ciaypool. The dinner will be followed by a program of entertainment and dancing. Charles Saltzman, Evansville, was appointed to the state police force today by Chief Grover C. Garrott. Police today are seeking Mrs. Hinds of Indianapolis. A relative is dead in Flint, Mich, according to a telegram from J. C. Shaw of that city. Mrs. E. E. Leroy, Negro, 930 East Seventeenth street, was burned severely Thursday night while attempting to start a fire with kerosene. When firemen arrived she lay on the floor, her clothes in flames. John Harris, Negro, 100216 West Maryland street, said to be wanted in a southern state for murder, was nabbed by police who alleged he was stealing coal. He was charged with petit larceny and entering a house to commit a felony. New clerical appointments announced today by Floyd E. Williamson, state auditor, were the Misses Elsa Jensen, Indianapolis; Christine Owens, Bedford, Grace Toll, Peru; Ethel Wood, Madison, Oma Maillous, Fowler, and Carolyn Johnson, Franklin. Organization of community house groups to present a series of theatrical performances this winter, will take place Monday night at 8 at the Civic theater. Found and stolen articles, unclaimed and unredeemed, in possession of police for six months, will be disposed of at an auction in police headquarters at 2 p. m. Dec. 20. Included in the assortment are radios, clothing, household articles, tires, tools, bicycles and other articles. BIENZ PLEA TO AVOID SENTENCE IS ARGUED Motion in Primary Fraud Case Is Taken Under Advisement. Special Judge Henry M. Dowling today took under advisement a motion to arrest judgment in the case of John L. Bienz, 78, Coffin precinct committeemen, convicted by a criminal court jury of marking ballots illegally to nominate himself. Attorneys for the state and defense argued the motion for two hours this morning, the defense attacking the form of the indictment on which Bienz was tried. BOOSTS REALTY ADS Business Lends Itself Readily to Publication Methods, Is Claim. Real estate, particularly home ownership, lends itself especially well to advertising. Harry Gwaltney, display and classified advretising manager for the Milwaukee Journal, told members of the Indianapolis Real Estate Board at the Indianapolis Athletic Club Thursday. Few home builders or sellers give any reason in their advertising why their particular homes should be bought, Gwalney said. There should be selling arguments in advertisements of this type, he said. School to Be Dedicated Bp Times Special NEWCASTLE. Ind.. Dec. 5. Dedication services marking completion of enlarging and remodeling the Benjamin S. Parker school building will be held Sunday afternoon. The work co6t $71,00^

DEC. 5, 1930

PRICE FIXING IS FAILURE, FARM | BOARD^ADMITS Voluntary Crop Restriction Held Imperative in Congress Report, | By United Pres* I WASHINGTON, Dec. 5.-Failure ! its stabilization operations to ! Prevent severe price declines was reported to congress today by the federal farm board in its first annual rpport. The report bluntly warned the I nation’s growers that the govern- ( ment can .not protect them from I the consequences of continued overj production. Voluntary restriction of produc- | ti°n by farmers was held imperaI tive if government aid is to beef- ! fee Live. ! Although admitting its emergency | buying operations in wheat and J cotton had not. produced the rej suits desired, the board held they ; were justified. If the board had j not intervened, grain and cotton prices would have fallen even further, the report said. Grave Danger of Disaster For the future, the board said stabilization measures might con- ! tinue to play a limited role in the I government's program, but added "such measures can not wisely be undertaken lightly, for many involve not. only excessive risks of loss of public funds, but grave danger of serious disaster to cd-operativcs l themselves.” j Summarizing its conclusions as a result of its experiences with stabilization in the year, the board said I it was apparent in the case of wheat j or any similar commodity that: To be successful a large quantity of the commodity must be bought by the government... Accumulation of such a vast amount of tfte crop has a somewhat depressing effect on prices. Purchases in the cash market alone are inadequate to sustain prices and do great injury to legitimate operations in the option market by thrbwing cash prices out cf line with futures. This means that large purchases for future delivery ! must be made. Storage Problems Serious Transactions in the futures market haring been entered on, there is no good place to stop. Option prices are published for six to eight months in advance, and as soon as buying of any option is stopped it gets out of line. This imposes a hardship on those used to hedging in the futures market. Tlie storage problem Is serious in any stabilization activity. When a ; large quanitity of wheat is pur- | chased and held in terminals or j warehouses, it interferes with handling of the crop. Some of the wheat inevitably must be held at such distance that it is not available for most economical use or sale. When the government has bought wheat or another crop in this way, it is difficult to dispose of it. Sales by a stabilization corporation tend promptly to turn the market downward and abundant complaint is received from growers who still are holding their crop. Marriage Licenses Winfred Kemp. 27. of Washington, D. C,, musician, and Geneva A. Hedges, 23, of 925 North Tacoma, stenographer. Charles Carpenter. 29. of Bloomington find.) laborer, and Jessie Hale, 18, of 2907 Moore. Alex A. Curtis. 39. of Gas Citv. laborer, and Grace Foreman. 39. of 911 North Pennsylvania, cleric. Frank F. Fon, 22. of 555 North Tremont. packer, and Cora I. Ellis, 19, of 526 FlPtPhPr ,’lprlr . James’ Fotten. 26. of Ft. Beniamin Harrison. soldier, and Bonnie Carlisle, 18, of 1917 North Dearborn. Births Bovs John and Stella Goode. 1124 South Sheffield. Ada and Gorgetta Powers. 1537 Kappes Cecil jmd Bertram Dennis. 5072 Santrater. William and Bessie Weeks. 1864 Thaiman. Claire and Mabel Arnold. 27 North Pershing. Lester and Myrtle Wicker. 5735 Rawles. Gervase and Ferry Clements. Coleman hospital. Andrew and Veda Gatlin. Coleman hospital. Charles and Edna Johnson. Coleman hospital. Joseph and Elizabeth Kaesel, Coleman hospital. William and Alberta Simmons. Coleman hospital. Girls Jack and Lillian Gallamore. 3408 East Twenty-fifth. Frederick and Chrlstena Butler, 1226 North La Salle Wilmer and Marie Gerringer, St. Vincent's hospital George and Esther Acton. Coleman hospital. Walter and Marv Culver, Coleman hospital. Carey and Lucy Davis. Coleman hospital. Linsfield and Ethel Hill. Cos! :man hospital. James and Dorothy Mather, Coleman hospital. Charles and Mildred Millikan, Coleman hospital. Lewis and Lillian Pittman. Coleman hospital. •Earl and Lenora Rlchhart, flbleman hospital. Chester and Wilma Wlmmer, Coleman hospital. Deaths John Conrad Griffith. 2 davs, Methodist hospital, cerebral hemorrhage. May Hooper. 34. Central Indiana hospital. entcro colitis. Olive Hedge. 40. 1420 Gross, acute cardiac dilatation. Alice Thom. 76. 1427 North Delaware, pneumonia. Marion Sergls. 44. city hospital, mitral insufficiency. William T. Jameson. 51. 1924 Boulevard place, chronic myocarditis. Building Permits Hoosler Coffee Company, repairs, 1419 Southeastern. $2,000 B M. Keene, repairs. 202 North Delaware. SSOO. American Estate Company, dwelling and garage. 4601 North Pennsylvania. $3,800. Joe Speaks, addition. 3858 College, $3,500. Rev. Rorer. Teroof. 1916 North Meridian, S3OO. Rev. Hiller, repairs. 3255 College. SSOO. Indianapolis Industrial center, ghed, 1450 East Nlneteenth.as2s' Legal Notices NOTICE TO TAXPAYERS ON BOND ISSUE In the matter of determining to Issua bonds by the Cltv of Indianapolis. Indiana. for the construction of Blementarv School No. 82. Notice is hereby given the taxpayers of the School City of Indianapolis. Marlon County. Indiana, that the proper legal officers of said municipality at their regular meeting place on the 25th day of November. 1930. determined to issue bonds or other evidences of indebtedness exceeding five thousand dollars. The amount of bonds proposed Is $l9O - 000 bearing interest at the rate of 4 per cent per annum, interest payable semiannually and principal payable serially from 1932 to 1962. inclusive. The net assessed value of all property .in this taxing unit Is $686 337.550 and the 1 present indebtedness is *11.318,500 not including an issue of $163,000 of bonds now pending and this proposed issue of $l9O - 000 of bonds. . * . The proceeds of such bond issue are to be used for the construction of Elementary School building No. 82. located at the comer of English and Worcester avenues in the City of Indianapolis. Ten or more taxpayers, other than those who pay poll tax only, who feel themselves aggrieved bv such determination may appeal to the State Board of Tax Commissioners for further action, by filing a petition therefor with the county auditor on or before the expiration of twentynine davs from the 28th day of November. 1930. BOARD OF SCHOOL COMMISSIONERS OF THE CITY OF INDIANAPOLIS. Bv A, B. GOOD. SusiaeM Director.