Indianapolis Times, Volume 42, Number 299, Indianapolis, Marion County, 24 April 1931 — Page 25
' APRIL' 24, 1931
.SWINE MARKET HOLDS FIRM IN LIGHTTRADING Steers Scarce and Steady in Cattle; Veals Sell Off 50 Cents. • HOGS Ea'-y April Bulk lot. R*ceij*j if 7.20 Q 7€5 7.8$ 1500 18. 7 30* 7 00 7 30 3.000 20 7 25<l 7.85 i'.y 7 030 21 7 10'S 780 30 8.300 23. 7 10 7.85 105 7XOO 23. 7.00S TOO 7.30 7.000 24. 7 0081 7.50 150 6,000 Hogs were generally steady this morning m trade at the Union Stockyards. The bulk, 140 300 pounds, sold for S7 to $7.50. Early top held at $7.50. Receipts were estimated at 6,000; holdovers were 190. In the cattle market steers were scarce and steady. She stock held active and firm. Receipts were 500. Vealers sold of? 50 cents, prices ranging from $8.50 down. Calf receipts were 800. Sheep were steady, receipts numbering 200. The market was mostly plam natives to sell-under $0; a few spring lambs brought sl3. Chicago hog receipts were 18,000, including 7,500 direct. Holdovers, 8,000. Market slow, weak to 10 cents lower than Thursday’s average. Good to choice hogs weighing around 140 to 200 pounds, sold at $7.20 to $725, while a few 210 to 220-pounders, were selling at $7.10. Cattle receipts 2,000. Calves 1,000, and steady. Sheep receipts 12,000, and steady. HOGS Receipts, 6,900; market, stead?. —Light Light— _ _ (140-160) ' oocd arid choice. ..$ 7.25® 7.40 Light Weights—-(l6o-180) Good and choice.... 7.50 (120-200) Good and choice.... 7.45® 7.50 —Medium Weiahts—-(2oo-220) Good and choice. .. 7.40® 7.45 (220-250) Medium and good.. 7.2C<& 7.30 Heavy Weights—-(22o-250) Medium and good.. 7.00® 720 (220-250) Medium and g00d... 6.90tf 7.00 —Packing Sows—-(27s-500) Medium and g00d... 5.75® 6.50 (110-120) Slaughter pigr, 7.15® 7.30 CATTLE (Slaughter Class) Receip.s. .500; market, stradv. Good and choice S 7.25® 9.50 Common and medium 5.50® 7.20 (1.100-1.300) Good and choice 7 25® 9.50 Medium 6.00® 7.2a —Heifers—-(3oo-850) Good and choice $ 7.25® 8.50 Common and medium 5.00@ < 2a Good and choice *77 5.00® 6.00 Common and medium ... 4.00® 5.00 Low cutters and cutters 2.50® 4.00 —Bulls (yearlir.rs excluded) Good and choice beef... 4 00® 5.00 ■ Cutter, common end medium.. 2. >s® 4-00 CALVES AND VEALERS Receipts, SOC; market, sterdv. God and choice 3 B.oo® 8,50 Medium 6.00® &.oo Cull and medium 3.50® 6,00 —Calves—-(2so-300) Good and medium SXO,® 7.00 Common and medium 3.09<® 5.00 STOCKERS AND FEEDER STF.ERS _ Good and choice 6.0.7® 7.75 Common and medium 4.25® 6.00 (800-1.500) Good and choice 6.00® Common and medium 4.30® 6.C0 SHEEP AND LAMBS Receipts, 200; market, steady. (Shorn basis, except spring lambs) Gocd and choice S B.oo® 9 25 Common and medium 6.50® 8.00 Spring lambs [email protected] Medium and choice 2.50® 4.00 Cull and common ... Other Livestock By United Press CHICAGO. April 2-I.—Hogs—Receipts. 18.000. including ..ood direct, opening sales ucax to 10c ic,.ei; lu.cr tiaoe active, ruily sttaay witu Tnursday s average; bulk I*o- - lot, al.liliki.tj; top. (r. 35; 220-350 los.. *0.35® era - , pigs. se.oO® >.lo; packing 60\)s. co.aOiio.oa; limit lignts, l*o-rbo IDs.. good anu choice. 57.1U44i.20; light weigh l6o-200 res., good unu choice. (i.ijm*. )-35. medium weiguts. 200-2ao ibt.. Kood ana choice, vu.oodi) 33; neuvy ioOio.'O U/s;, goou aria oaoice, 30. 50®0.D0; packing sows, iio-tud lot., medium ana adJu. us.ilvc3.So: siaucnter pigs. 100-130 ins., gjod a.id ciioice, 50.50®7.10. Oattie —Receipts. 2.000, caives. r.oOO; generaiy sioady -iiiai'kot v/tth light j earuuss moder-, ate 1. active ana nuuium weigh- anu wci.ntv .noetv.-eoa grace steers, slow, weak; not .uuen oei. n; run; moss steers sellingat s.n'C.'ko: ocst yeanings. (9.W>; weiguty cows, craggy. cutter and row cutters, sceaay at s-i.oi) downward; steers ana yearlings closing 234*400 over week ago. Slaughter cattle and vealers-—Steers. WMyoo ros.. good and choice, siotciu ko. yoo--1100 las., good a_d cno.ce. skuio.ka. 11001300 Ids., good and enoice. 58(d.0..0, 13061300 lbs., good and enoice. (8409.10; boo--1300 los.. common and medium, s6®B. heiiers. 000-soO ids., good , and cnoice. 61® 9 10. common and medium. 55.00(t3>...0. cows, good and cr.oice. so® 0; common anu medium. sA.oouo; row cutter ana cutters, S3 20U4.50; ouns. yearlings excluded, goou and enoice. beet. a;, .cutter to meaium, $3.35(a4.b0; veaiers. muk *na ciioaCo i..so(cfey. medium. .00. cull end common* Stocker ana. iceQer catr.e; bteers.‘aOO-IODo lbs., good, and choree. $6.7&<&8; c °nrrnon and mediunn e& ‘2 6 Sneep—Receipts. I3,o<ju, i-l lam os 1 airly active, arc unci steady; best tft sTiinaers s9.io; bulk to naecters. $9.23*1 9 O Weights. ftfflAdv snearmK lambs. So.dO. sheep ’anci tombs —Lambs. 90 lbs. down, orvnn a,nd chol 'C SB. iS(S,*L7S; xncc.iu.Ti. s3.*o lbs., medium to choice, (8® 9 50; all weights, common. sb-5<h3.20 ewes 90-150 los.. medium to choice. ,->3.75 ®4; all weights, cull and common. si.oJ<*tJ. By United Press EAST ST. LOUIS, XU.. April 24.— Hogs— Receipts. 10.000; market uneven, mostly weak to 10c lower; pigs and lrgnt lights fL?a.civ■ • practical top. si.3oi I*>o ibs. down, 17.35®'?.40; one load. s7.si>; 160-210 lbs.. [email protected]; no weighty butchers sold; sow’s, early $5.60Ci5.75. Cattle—Receipts. 1,000, calves. 700; market, not enough steers on sale to make a market; generally steady on all classes; mixed yearinas ana heifers. $0.50(27.50; cows. $4.00t(.5.25; low cutters, $3®3.00; sausage bulls Quotable at >4.50. good and choice vealers. $8.75. Sheep— Receipts 800. market, opened about steady; choice lambs to city butchers, $8.70 down, medium grade to packers, $7.50. By Times Special LOUISVILLE. Ky.. April 24.—Hogs—Receipts. 400; market 10c lower; 200 los. up. $6.10; 175-150 lbs.. $7.25; 130-115 los.. Sb.aa; ISO lbs. down. $5.90. roughs, $4.20(25.20; stags 55.45. Cattle —Receipts. 150. market steady; prime heavy steers. 7.50@8 50; *eavy shipping steers. $6.25*7.50: medium and plain steers, $5.50-3)6.25; lat hellers.. $6 50®6.50; common to medium heifers. $o 426.50; good to choice cows. $4.50®3.50; mediu to good cows. $3.50®4.50; cutters. $3 234i3.50; canners. 82.50(u3; bulls. $3.50® 5.25: iceders, $0.50®7.50; medium to good feoders $55-6.50; Stockers. 55.50®7.25. C3lves— Receipts. 300: market 50c lower; good to choice. sV<£7.so; fancy higher; others., $5.50 down. Sheep-Receipts 100; xnarkel steaav; spring lambs. 10®.12. fa*, lambs. $7.50®8 50: seconds. $5.50; clipped sheep. $3®3.30. Thursday’s shipments: Cattle, none; calves. 210; hogs, none: sheep. 254. B’j United Press CINCINNATI, 0.. April 24.—Bogs—Receipts, 2.700; holdover. S00: moderateiy active, 10<?.23C lower; better grade 160-220-lb averages, mostly 10c lower at (>.to: heavier .weights,, uneien; some-. sto around 260 lbs., s*@7.so; 300-*3 Ids.. $6 50® 6 76: 130-150 lbs., most*? 5-.2j; —O- - los . $7; bulk sows, $5.30: rmooth light v e.g.'us. $5.75. Cattle—Receipts, .xO; cs.ve*. receipts. 275; generally steady with some strength in soots on s.eers: odd ots common and medium steers and heifers. 6.75&V; better finished yearlings, upward to $3 and $3.25. most beef. $4. .5,50.50; bulk low cutters and cutters, s3®i.-o; bulls. $5.25 down; vealers. steady: good ana choice, (idu; lower grades, largely $7 50 down. Sheep—Receipts. 450; spring limbs. 50c to jnostly $1 lower, supplies liberal; better grade 45-60-lb. kind, (11-50® 13: 60-70 lbs., $10.50® 11; common down to $9; pracueally no old crop lambs and sheep here. By United Press CHICAGO April 24—Eggs—Market steady; receipts, 37.132 cases; extra firsts, ITV.c; firsts, I6t~c. current receipts. 16c: seconds. 14c. Sutter—Market, steady; receipts. 9.817 tubs; extras. 22H:c: extra 20 5 301. C. standards. 22‘.c. Poultry—Market about steady; receipts, no cars in. 1 due; fowls. 20®24c springers 2oc; Leghorns. 2lc. ducks. 20c; geese. 12c; turkeys, 22 ;25c; roosters. l-;c: broilers, 34c. Cheese —T:ns. 12Vi®i2V4c: vour.c Americas, li'-ic. Potatoes—On track. 234; arrivals. 120; sh:p.T.:r.ts. 552; market about steady; Wisconsin sacked round whites. ii.sof?l 60. Minnesota round whites. $i.30®1.40: Id3ho russets. $1.6021.70; Texas bhss triumphs. s4® 4 25 By United Press TOLEDO. April 24—Hogs—Receipts. 250; market. 10®15c lower, heav.es. $6 25® 6.75: mediums $6.75/®7: vorkers. $7*1.25; pigs $7-27.40. Cattle—Receipts light; market, steady. Calvee—Receipts, light; market, steady. Shep—Receipts, light; market, steady. FT. WAYNE. XndApril 24.—Hogs—Reee:x;j. 10S15c lower; 100-I*o lbs. (6.75; 14<J-160 lbs.. $7: l£j-l(0 lbs.. $7.10; 180-200 JbS.. lbs.. (7 : 340-260 lbs. (7.85 : 260-280 lbs.. (6.75 : 80-SOO lbs.. (6.65; 500-350 lbs.. (6.55; roughs. (5.50; sugs. (4; calves. (8.50: VOoied lam he, 48 spring lambs, *lO.
New York Stocks '■ - ißv Thomson it McKinnon)
Railroad*— A ‘"‘ , 3 *”~ High. Low. IM3O cksse. -Atchison 167 H 166* 167* Ijg Ati Coast Line.. . ... Bait 6b Ohio. ... 60% 53% Chesa 6b Ohio.. 40 39 * 39* 38% Chesa Corn 4 K2 Chi N West 31* 31 CRI 6b P ... •„ h* Del 6b Hudson Erie Ist of- - Northern.. .. Sf v lUlnoit Central.. 59% 59 59 59, Kaa City So gs Lou Nash m l: k £. t .*1 ’i4 1! Mo ‘pacific . 25 ’^ Mo PaCiaC P.d ’Aq7a tQQ 100‘a N Y Central—loo * 99* *OO ioo, Nickel Piste 2? N Y N K .SB H Ii: A Nor Pacific 44,i iar^ Norfolk it West 18 t Penentvivar.ia 55% 5i 54 Seacoafd Air L-. • ■ So Pacific Southern Ry -••• 38* 36* 36* 38 k St Paul..., SH 5* oft 5 it ■2i 30 Umor^Pacific *! 1.161 % 150* 161% 16:4 W Maryland a*' 7 * West e/4 ATS. w ?! IS KoWfi:::: “* as Am Air Brake S. ■ • ••• / Gen Am Tank .. 62% 62* 62% 63 General Elec 4*% 42/ 4-A 43,* Gen Rv Signal Lima Loco 20 20 N Y Air £ Press 3tl Car.. ••• .2,7 Pullman - •• • • •• ••• *oAi/ 5217 West I hah Ar B 30 30 V* WestiKSh Elec... 71* 69* 69* 71% Ftrettoae 15 * •••„ ■''•oodr.ch':lo* 9 9-a 10*,* .Gv, J vtr 40* 39% 407* 40-2 •;)■••• gprgfid 2 2* )* c Ru bber ..... .. .* • 3* U S Rubber .... 14% 13% 14* 14% Au\juvn rS ”7 213 205 206* 209 Chrvsler 10* 18% 19 19 Graham Pa ge .. 4% ■>" 4-1 4% General Motors.. 40% 39* 40% 29% Hudson l‘: 17 Hupp 7 * J* Mack 31% 31 31 32 Marrnno .. ... ••• „ 7 . Nasb 32* 32 32 32% Packard 8 7* 7* 7% Rer> 6% 6% - 6% 6--s Studebaker . • • 21 20% Yellow Truck 10 97a 10 10 Motor Access— Bendix Aviation 19* 18* 19* 18% Borg Warner,... 21% 21* 21% 21* Briggs 16% 15* 16 13% Budd Wh.cel B^/a Campbell Wy... .. ... ... 12% Eaton 14 13% 14 13% El Storage B , 55 Hayes Body 4% 4 Kouda 5% 5% Motor Wheel ... 14% 14 Sparks W 8% 7% 8 -g 8 5 /a Stewart Warner 15 14% 15 15. Timkc-r. Roll .... 46 44% 45 45 Mi nine— A.m l.feta’.s 17 16* 16% 16% Am Smelt 42% 41* 41* 42* Am Zinc 5* 5 5 5 Anaconda- Cop.. 30-* 23% 30 30 Cal it Hecla... 8% 8 8 8 Cal it Arit 3o* 38* Cerro do Pasco 21 20 20 20 Freeport Texas. 3i% 30% 31% 31 Granby Corn la Great Nor Ore 21% 21* STm®. 4 ;.-.-: a* -m •* ?M Kenecoti & 'Cop.'..' 22 'i ),"* 217, Miami Copper... 7 3 /a 7% 7% 7% Cors 10% 10 Texas °Gul Sul. : 43% 417. 43 42% U S Smelt 19 18* Oils— Amerada 17V* 17* 17* 177£ Atl Refining .... I=% 15% lo* I^% Barn 6 da 11 - 9* 9 gr> 9 *. Beacon •„ §% ... Houston 10 9% 9% 10 Indian Refining 2% 2% Mex Sbd li* 1‘ I 7 1 7 .* Mid ConU 9* 3% 9* 9% Phillips 7* 7* Pr Oil <ss Gas ... .. 12 12 Pure Oil 7% 2 1 V * Richfield 2% 2 2 2* Royal Dutch 31% 30* Shell Un 6% 0% Simms Pt ••• 6* 6Vj Sinclair 10* 10* 10* 10* Skellv 3% Stand of Cal .. 39% 39Va 39* 39% Stand of N.l .. 38% 37% 37* 38% Stand of NY... 13% 19* 19* 19* Texa-s Cos 25% 23% 24% 25% Union Oil 18% 13* 18M 19 Am 1 RalTMills... 28% 28% 28% 23* Bethlehem 47% 47-/* 47% 48 Bvers A M 41%' 39% 39% 40% Colo Fuel *4.. 17* 17 Cruc Steel ... ... 46% Inland" ••• .54 Ludium . ..... 12va Midland i9% 19% 19% ... Newton .- Repub lit 5...'. i5 14% lo 14% US Steel 127* 126 126% 127'/* Vanadium ...... 43* 42'% 42* 43 Youngst S & W 20 19 Tobaccos— Am Sumatra.. .. ... 9* A Tob A (new) 123% 122* 123 123* A Tob B (new) 128* 127 127 12.% Con Cigars 33% 34 General Cigar 40 33% I, if; A- Mv,. (B) fii 83 83 83 •LprUUSd .... rl3 13% 13 " T6%-Phil-Morris 10* Reynolds Tob 51*. 9* . Std Com T0b.,., ... S Tob Pr A 13* 13 Tob Pr B ... 3 United Cig 6 Utilities Abltibl 7 6 7 5% Adams Exp .. ... 16% 157* Am. For Pwr ... 34* 33% 33% 34V* Am Pwr <Sb Li... 43* 43'% 43'% 43'a AT&T 184% 182'% 182'% 184* Col Gas & E 1... 3.3% 32% 32% 32% Com & Sou .... 8% B'% B'% 8% El Pwr &LI 46'% 45'% 45'% 45% Gen Gas A ..... .. ... 5* 57s Inti T & T 28'% 37V* 27* 28 Natl Pwr & Li.. 32% 32* 32* 31% No Amer Cos .... 70% 69% 69% 63'% Par, Gas & E 1... 48* 43 43 47% Pub S?r N J.... 307* 80% SO* 80* So Cal Edison... 45% Std G& El 707* 69 * 70 68% United Corp ... 22% 21% 21% 21% Ut Pwr & L A.. 21* 21% 21% 22'% West Union 113 117'% Shipping— Am Inti Corp .... ... 16 16 Atl Gulf &W I, .. ... 23% 23 Inti Mer M pfd. .. ... ... ' 101% No Gm Llody .. 32% 32% 32% 33% United Fruit ... ... 58%' Foods— Am Sug 49* Armour A 2* 2% Beechnut Pkg ... 56'% Cal Pkg 31% 30% 30% 31% Can Dry 35* Childs Go 24% 24 V* Coca Cola 147% 147% 147% 147* Cont Baking A 15* Corn Prod 72 70 * 72 70 Crm Wheat ..... . -28* Cudahy Pkg 43 Cuban Am Sugar 3* 3.3 . 3* Gen Foods .... 51% 507* 51% 52'* Grand Union 14% Hershev ...-.* ... 94 94% Jewel Tea 44 Kroger 30 29* 29* 29'% Nat Biscuit ....-73% 72 72 72% Piilsburv ... 31* Safeway St .... 51 50% 51 51% Std Brands 17 IS% 16% 16* Ward Bkg 4% 4'% 4% 4% Drugs— Coty lr.o 10* 10* Lambert Cos .... 80 73* 80 79 term & Fink ... 27% Industrials— Am Radiator.... 16 15% 16 15* Bush Term ... 17* 17* Certainted 4 Ger. Asphalt .... 23 22 22% 22* Lehigh Port 12% Otis Elev • 44* 44% Indus Cheats— Allied Chem ....134’/j 132 IS4* 133% Com Solv 14% 14% Union Carb .... 58 5 1% 57% 57%
Indianapolis Stocks
—April 24Bid. Aik. American Cent Life Ins So. .1.000 Be.t R R & 3 Yarns Cos com... 35 42 Bel: R R A S Yds Cos. pld 6% 50 55 Boobs-Mcrri.l- Cos. $2.25 19>4 23 Central Ind Pow Cos pfd 7c... S3 37 Circle Theater Cos com 75..,...100 Citizens Gas Cos com 10s 25 Citizens Gas Cos Did 5s 99 102 Commonwealth Ln Cos Did Bs.. 100 Commonwealth Lear. Cos d!4 7s 97 103 Indiana Hotel Cos Claypcol com. 105 Ind Hotel C o old 6s ...100 Indpls Gas Cos com 6s 57 Si Inapis Fow A Lt Cos old 6445. 105 ICS IndDls Pub Well Ln Assn cm 8s 50 Incols Wa Cos pld 5s 101 Pub Servos Ind 7", 10044 103 Pub Serv cl Ind 36 39 Metro Loan Cos 8s 100 North Ind Pub Serv Cos pfd 544s 93 97 No Indiana Pub Sv Cos Did 6s 101 Mi No Indiana Pub Sv Cos pld 65.10244 1044s E Snub 6; Sons Fert Cos Did 6s 47 Ter Haute Tr A Li Cos pld 6s. SO Union Title Cos com 3s 23 Van Camn Prod Cos Ist pld 7s .. 98 Van CamD Prod Cos 2nd Did 8s .. 98 Auburn Automobile Cos com. .313 217 Backstav Welt Cos com 13 20 Ind Pipe Line Cos 17 13 Link Balt Cos com SO 44 82 Lvrch Glass Machine Cos com.. IS 19 N Y CenU3l Railroad Cos 96H 9344 N Y Central Railroad Cos 100 191 Nobiltt Soarks Industrial Inc. 33 40 Perfect Circle Cos com 23 29 Real Silk Hosiery Mills Inc Cos 17 l7’-4 Standard Oil Cos (Indiana) ... 2S 29 Corporation 20 22 Ross Gear 19 25 BONDS Bid. Ask. Belt R R i Sti Yds Cos 45... 93 Cent Ind Gas Cos 5s 99 Cent Ind Power Cos 6s 9744 ... Cibcehs Gas Cos 5s 99 102 Citizens Street Railroad 55.... 25 Home T & T t! Ft W?vne 6s. 102 Ind Raslw A Light Cos 5s 93 96 Indpls Pow & Li Cos 5s 103 lCtf^ Tndpis Oes Cos 5s I<U 102 U Indpls 6treet Rys '4s 16 Indpls Tree Terminal Cos 55.. 48 Indpls Union Ry 5s 1901 Indpls Water Cos 544s 1054 ....103 •IndDls Wat Cos Ist hen A ref Ss 69 101 Indpls Water Cos 444s 97 99 IndDls Water Wks Sec Cos 5s 89 Interstate Pub Ser Cos 4445.... 91 S3 Interstate Public Sendee Cos 5s 95 Interstate Pub Ser Cos B 8445.. 103 No Ind Serv Cos 5s 103 No lad i ilepb Cos s 99* ltf)
U S lad A’.CO 85* (3 33* Retail Stores— Assoc Dry Ods 32* Glmbel Bros 5% Kresge S S 26* 26* 26* 36% May t> Store ... 32 Mont Ward 19* 13% 19* 19* Per.P7 J C 35 34% 35 33 Chuite Ret St... 8* 8* 8* 10 Sears Roe BO* 50% 50% 50% Woolworch 61% 60% 61* 60% Amusements— Col Graph 10* 9% 9% 9% Eastman Kod ...155% 154* 151*4 .155% Fox Film A 19 17* 19 18% Origsbv Gru 4 3% Loews Inc , 45* 44% 45 * 44* Parana Fana ... 33* 32* 33* 32 ■% gadio Corp 18* 17* 17%' 17% R-K-.O 19% 18% 19* 18* Schuoert 5 5* Warner Bros ...,. 9* _ 9 9% 9% Miscellaneous— Airway App ... 5% City Ice it Fu.. 34* Congoleum 9% 10 Am can in* ns 117* ns* Cont Can 58 57 53 57* Curtiss Wr 3* 3*z 3* 8* Gillette SR 31 30 31 30 Reai Silk 17 ha Arcft 23* 27% 28 * 23* Int Karv 49* 43* 49 495/,
Bright Spots of Business
Standard Gas and Electric Company 1930 income $38,052,933, against $33,626,560 in 1929. Unemployment in Germany decreases. 4 Lambert Company first quarter income $2,110,367, against $2,068,267 in lifce 1930 period. Lily-Tulip Coporation first quarter income $154,658, against $146,625 in 1030 period. Standard Brands tea sales for January 69 per cent over December. Plans made for early opening Mercantile Bank and Trust Company, which took over Chelsea bank.
Net Changes
By United Press NEW YORK, April 23.—Closing prices and net changes bn principal stocks traded today on the New York Stock Exchange follow: up. on. Alaska Juneau 14* * ... American Can 116* 1* ... American Telephone ...184* ... % Atchison, unchanged.. ..166 Auburn 209 16* ... Bethlehem Steal 4S 1* ... Bvers 40* 1% ... Case 83* ... % Consolidated Gas. unch 93 Fox Film A 13% ... 3% General Electric 43'% 1* ... General Mot., unch. ... 39% Gillette 30'/* * ... International Telephone 28 % ... Loew’s Inc 44* ... 7* McKeesport Tin Plate.. 87 ... 17* Montgomery W., unch. 19* New York Central ....100% 1% ... Packard 7.% .... _%. Fennsylvamia 55% % ... Radio 177* * .... Radio-Keith 18'% ... IV* Sinclair 10* :% Standard Oil New York 19* ... % Texas Corn 25% ... * Trans-America 10% * ... United Coro 21% - % . United States Steel 127* % ... Vanadium 43 % ... Warner Brothers 9'% ... % Wcstingheuse Elec 71% .. 3* Worthington Pump 66* 2
Produce Markets
Easts /country run)—Loss off delivered in TndiaranoUs. 13c: henery Quality. No. 1. 14c: No. 2. 13c. Poultry /having prices'*—Hens weighing 5 lbs. or over. lf*e: under 5 lbs.. 20c: Leyborn hens. 17c: 1930 broilers, full feathered. IV* lbs. and un. 32c: under 1! -k lbs.. 25c: hareback. 20c: levhom broilers. 23c: ducks. 9c: old cocks. 9tf?llc: ducks. f”’l feathered, fat whites. 9c;. geese. Bc. These .prices are for No. 1 too duality. Quoted by Kihgan 6 Cos. Butter /wholesale)—No. 1. 27@28c: No. 2 25®26e. Puff erf at—24e. Cheese /wholesale selling price per pound*—American loaf. 22c: pimento loaf. 23c: Wisconsin f.rsts. ’Pc: Longhorns. 17c: New York limbercer. 30c. 3y United Press •- -NEW- YORK, April .24 Potatoes—Max*. •i;et new. firm; Long Island. barrel: southern, $5 barrel: Maine. $2.75®3 7S barrel; Idaho. 53c®52.60 sack: Bermuda. s7® 10 barrel; Canada. $2®3.75 barrel. Sweet potatoes—Market. Quiet: jersey baskets. 75c®53.55; southern baskets. $1.25® 4. Flour—Market, dull and easy, spring patents. $4 85®4.70. Prrk—Market, steady: mess. $25.50. Lard—Market, easier: middlewest spot. $8.65®8.73. Tallow-Market, ouiet: sp*eial to extra. 3%®4 1 /sC. Dressed poultry—Market barely steady; turkeys. 25 ®;44c: chickens. 26®3fic; broilers, so®4Bc: fowls. 14®28c: Lone Island ducks. 22c. Live poultry—Market, steady; eeese. 10® 12<" ducks. 14®25c: fowls. 22®25c; turkeys. 20 ®3sc: roosters. 14c: chickens stags. 15® I7c: canons. 17®35c; broilers. 20®4ic Cheese—Market, ouiet: state whole milk; fancy to special, 13®.22 ! /2c; young Americas. 15®20c. By United Press CINCINNATI. 0.. April 24.—ButterSteady: creamery in tub lots according to score. 21®23c; common score discounted. 2@3c; packing stock No. 1. 18c: No. 2. 15c: No. 3 8c: butterfat. 21<®23c. Eegs— Steady: cases included, extra firsts. l6M>er seconds. 14c: nearby ungraded. 16c; duck eegs, 15c: goose eggs. 30c. Live poultry— Thin and coarse stock sell only at heavy discount. Fowls, 5 lbs. and over. 20Vicr 4 lbs. and over, 21 Vic; 3 lbs. and-overv 21%c; Leghorns. 3 lbs. and over, 19c; roosters. 12c; slios, 21c: stags. 17c: broilers. new crop full feathered, 1% lbs. and over, S3c: over IVh lbs., 38c; partly feathered. 22®27c: Leghorn broilers, full feathered, 1V lbs. and over, 32c; over 11/;l 1 /; lbs-, 36c. By United Press ... _ CLEVELAND, April 24—Butter—Extras, 26‘tjc; standards, 26%c. Eggs—Extras, 16 >/ 2 c: firsts, 16c. Poultry—Heavy fowls, 23c; medium. 24c: Leghorn fowls, -21 c: heavy broilers. 36<®43c; Leghorn broilers, 33c: ducks, 25c; old cocks, 13c; geese, 15<®!6c; capons. 23®33c. Potatoes—Maine, Green Mountain, $2.50®2.60 per 120-lb. 1 sack; Idaho Russet, most-$2.10 per IGO- - lb. sack. Other Livestock By United Press LAFAYETTE. Ind., April 24—Hogs—Receipts, market 5c lower; 160-180 lbs.. $7.30; 130-200 lbs.. 51.25: 2CO-210 lbs.. $7.15; 210220 lbs.. $7.10: 220-240 lbs.. $7; 240-260 lbs- $690: 60-280 lbs.. 56.80: 280-300 lbs.. $6,70: 300-325 *7; 120-140 lbs., $6.85; 100-120 lbs.. $6.75; roughs. $5.75; top calves, $7.50; top lambs $8.10; spring lambs, sn down. By United Press 1 34—Hogs—Receipts, 1.500. holdover. 131; mostly 5 to 10c lower; *}er ally $7.65®7.70: market on weight, Oics; 220-250 lbs.. ?' 35®7.40; ~60-300 lbs., $7.15: sows, mostly $6: stags. $4. Cattle—Receipts, 300: •steady; plain Quality considered: few steers. *6 ,5®7.35; fat cows, mostly s4®;s: bulls. $3.75®5.50: cutter grade cows. $2-50 ®4. Caives—Receipts. 600; around 50c lower than earlv Thursday: desirable v<*alers mostly $9.50® 10: culls to medium srade. $6®3.50. Sheep—Receipts. 50C: very httlg done: tendency weak to 25c lower: few clipped lambs. [email protected]: 4 deck held at $9.15. unsold: most shorn e-ds. $5®3.50. By United Press 2o00: * market. 10 to- 15c lower; 150-210 Its.. 57.60®7.75: 220-160-290 ibs.. 57®7.25: 100-140 lbs.. $7.40®7.65: good packing sows. Sa.73tf2S.oS, Cattle—Receipts. 25: market nominally steady. Calves—Receipts. 150 : market, mostly 50c higher; better grade ?*A ler s.v $8 ® 1 IL : c °simon to medium. s4® 7.50. Sheep—Receipts. 500; market, steadychoice shorn lambs, $9.75® 10; medium to good lambs. $8.50(29.50; good wethers up to $5.50. By United Press EAST BUFFALO. April J4.-Hogs-On sale. 2.800: rather slow; 15c to mostly 25c lower: buhe desirable. 160-200 lbs.. 57.75some held higher: 220-240 lbs.. $7.25®7.50; bidding around $7 on heavire kinds. Cattle—Receipts. 100: cows, unchanged: cutgrades. $225®3.75. Calves—Rece:pts. 1.200: better grade vealers. active, fully steady: others, fairly steady; good to choice $9-to mostly $9.50: common and medium $557 50. Sheen—Receipts. 700: strictly choice shorn lambs. 25c higher: 59.85; plainer kinds, slew. Births Boys Albert and Lucille S shell. Christian hosMelvin and Bertha Kid well. 1215 South Sheffield. Gilbert and Frances Beasley, Coleman ho'cital. Chester and Sarah Caldwell, Coleman hospital. Earl and Beulah Fertig, Coleman hospital. Rudolph end Anna Shade, Coleman hospital. Edward and Dorothy Soots. Coleman hospital. . Raymond and Beulah Stoltz, Coleman Hospital. —Cirla John and Josephine Leverenx, 136 Berman. • George and Goldie Mortimer, Coleman hospital. i Cheater and Xa& frmds. 1439 Lee,
THE INDIANAPOLIS TIMES"
STOCK SHARES SHOW STRONG PRICEJRENDS Drop in Westinghouse Is . Unable to Affect * >- Other Issues.
Average Stock Prices
Average of thirty industrials for Thursday was 157.43, up 1.06. Average of twenty rails was 67.28. off .36. Average of twenty utilities was 60.61, up .01. Average oT forty bonds was 95.42, oft .03. BY ELMER C. WALZER United Press Financial Editor NEW YORK, April 24.—Heavy selling in Westinghouse Electric today broke that stock nearly four points to anew low since 1926 at 68. but the remainder of the issues on the stock exchange held fairly steady in quiet turnover. Early in the session the list dropped rather sharply after a steady opening. It rallied again and moved in a narrow range into the afternoon. Around noon United States Steel was at 127%, up %; • Bethlehem Steel 47%, off %; Allied Chemical 135, off 1%; Auburn Auto 211, up 2; Case 82%, off %; American Can 116%, up %, and Fox Film A. 19%,, up %. Utilities moved up slightly while oils held steady at fractional declines. Rails came back slightly after early irregularity. Coppers held steady, while rubber shares receded. Auburn Automobile was again a wide mover. It dipped to 205 from 213 in the early trading and then made up nearly all the recession. Trading in the issue, however, was light. Around noon tickers were barely moving. Interest was lacking on both sides of the market, with bears as reticent about pushing advantages as were bulls in making new buying commitments. Call money held at 1% per cent.
Bank Clearings
INDIANAPOLIS STATEMENT —April 24 Clearings (2.555.000.00 Debits 6,135,000.00 CHICAGO STATEMENT —April 24Clearings $63,600,000.00 Balances 7j300.000.00 TREASURY STATEMENT —April 24Net balance for April 22. . .$434,230,293.54 Expenditures 11,440,977.71 Customs rects. month to date 24.278,082.68
Local Wagon Wheat
City grain elevators are paying 69c for i No. 1 red wheat and 68c for No. 1 hard ! wceat Chicago Grain Table m —April 24WHEAT— Prev. „ High. Low. 11:00 Close. May (Old) .. .81% .81* .81* .31* July 62% .62% .62%- .62% Sept 62% .62 Vs .62* .62% Dec .65% .65% .65'* .65'* CORN— May (Old).. .58% .38% .58*. .58* July 61* .60% .60% .60% Sept .60% .53% .59% .60 Dec 53% .53* .53% .53* OATS — May (01d)... .29'* .29 .29 29'* July 30 .29* .29% .29% Sept 30* .30 .30 .39% D rye— 421/2 " 32 ' 32V * - 32,/ * May (01d)... .35% .35% .3574 .35% July .33% 33% .38* .33 Sept 40% .39% ' - - ■ May 8.37 8.32 8-32 8.32 July 8.50 8.47 Sept 8.67 865 8.65 8.65 By Times Special CHICAGO, April 24.—Carlets: Wheat, 75; com. 88; oats, 31; rye, 1, and barley, 11. Deaths Martha Ellen Jones, 66, 4463 Carrollton, i carcinoma. Floyd Sutton, 39, Long hospital,' bronch I pneumonia. Anna Katherine Held, 68, 925 North I Gray, arteriosclerosis. Hurley Mclntosh. 27, city hospital, 1 streptococcic meningitis. ~- Mary A. El ward. 51. St. Vincent’s 4iospital, chronic myocaxditfs. Ellen C. Bryan, 78. 624 East Vermont, chronic nephritis. Herman Beniamin Woodward. 7 mos., 1327 St. Paul, broncho pneumonia. Beverly Jane Hurst, 3, city hospital, broncho pneumonia. John Nichles, 84. Methodist hospital, 1 hypostatic pneumonia. Ray Roth, 30. Methodist hospital, streptoccic septicemig. Ada Fodford, 37, 730 West North, pulmonary tuberculosis. Earl Le Roy Caldwell, 1 min-, Coleman hospital, atelectasis. Sarah Florence Caldwell. 18. Coleman hospital, pneumonia. Mattie Stafford, 48, Central Indiana hospital, chronic myocarditis, John Mattill, 65. 747 North DeQuincy. .hypostatic pneumonia. Charles Marion Cooper, 76, 1730 North Meridian, chronic interstitial nephritis She T Wallace, 57. 11l East Sixteenth, acute dilatation of heart. Vestal W. Woodward, B'2. 2607 Ashland, chronic myocarditis. Allen A. White. 54, 1030 South New Jersey, pulmonary tuberculosis. Fjlward Sylvester, 53. 1130 St. Paul chronic myocarditis. Martha Jane Jay, 81. 2364 English, cere oral hemorrhage. Christena Wilharm. S3, 1540 Churchman ! arterio sclerosis. Carl Frederick Lull. 43. 1130 Brunswick, mitral insufficiency. Mary Hancock. 100. 910 Burdsal Park boulevard, acute interstitial nephritis. Charles A. Harrison, 62. £64'* West Walnut. pulmonary tuberculosis. Chicago Stocks Opening (By James Hamill Company) —April 24Open! , Open. Bendix Avia... is* Insull Com 34* Borg Warner... 21% Insull pfd 81 Cent So West.. 19 Insull 6’s 1940. 87% Cord Corpn ... 11% Lion Oil 5 Cent’ ICh C Cos 6% Middlewest Com. 20* Common. Ed 233 Swift Interna.. 37% Chgo Securities. 17% U S Radio &s Tel 22 Grigsby Gruno. 4 lutil & Indus Cos 6% PAPER STAFF TO DINE Awards to Be Made Members f Butler Collegian Tonight. Annual dinner of Butler Collegian staff at 6:45 tonight in the Butler Campus Club will be featured with presentation of awards to reporting, copy-reading, feature writing and editorial work, together with an- : nouncement of new members of Kappa Tau Alpha, national scholastic journalism fraternity. Professor J. Douglas Perry, acting head of the journalism department, will be in charge and Harlan Hadley, Danville, managing editor of the paper, will be toastmaster.
Investment Trust Shares
('By R. K. Gibson St Cos.) PRICES ARB TO 12 NOON C. S. T. —April 2-i Bid. Ask. Amer Founder’s Corp .Com... 4% 4% As & Gen Sec "A” 1:% ... Am Inv Trust Shares 5% 5% 3asic Industry Shares 5% 6H Corporate Trust Shares 5-$5% Diversified Trustee Shares "A” 16% 17% First American Corp 7% 3 Fixed Trust Qi! Shares '. 4% 5% F.xed Trust Shares “A” 14%. 14 J 4 Ir.v Trust N Y 6v 2 7% Leaders o! Industry Series "A'’ 7% ... Nation Wide Securities 6% - 6% National Industry Share* ... 5% 6% N Am Trust Shares 5% 5% Sel Aas Shares 5% . S% Shawmut Bank Inv Trust ... 9 11 Universal Trust Shares .... 6% S W Strauss Inv Units ...... .. 23 Super Com ol Am Trust Sh A 6% 7 Fundamental Tr Sh A 6% 7% Fundamental Tr Sh B 7% 7% U S Elec Light & "A”A 39% 31% Cumulative It Sh * 6% 7%
Dow-Jones Summary
New York cables opened ir. London at 486 11-32 against 4.8$ 5-32; Pans checks, 124-36; 12.10; Italy. 92.835; Berlin. Northern Pacific March net operating Income (167.806 against (758.185 In 1930. Three months 406.303 against 51.126.856. National Cash Register, including foreign and domestic subsidiaries and branches, first quarter consolidated net loss $373,183 after charges. Year ago earned "$:2.240. Studebaker Corporation in first quarter earned.3s emits a common share against 62 cents !ast rear. Unit sales of Studebaker in first cuarter were 17.366 vehicles against 19.465 like period 1930. Sandard Gas and Electric- IS3O net $6.04 a share on 2.162.6Q7 common shares against $6.59 a share on 1.532,607 shares an 1929. American Republics Corporation subsidiaries quarter ended March 31. net loss $579,219 after charges and other deductions against net loss of $194,875 in first quarter 1930. Los Angeles Gas and Electric twelve months ended March 31. net income of 54.254,561 after taxes, interest, depreciation, against $5,253,102 preceding twelve months. 2 Southern Colorado Power Cos. year end Dec. SI profit $630,458 after taxes and interest, bat before depredation, against (656,543 in 1920. * Mountain States Power Company year end Dec. 31 profit 5577.35 X after interest, taxes, etc., but before depreciation, against $665,405,406 in 1929. -March auto production in United. States and Canada 289,234 units against 229.810 month ago ar.d 417.118 year ago. Thrxs months 697.491 against 1,0-16,689. March industrial output up 3 per cent, placing reserve board’s seasonally adjusted index at 88 pep cent of. 1523-25 average. In March 1930 -it was 104 per. cent. .. Booth Fisheries negotiating with banks for two to three-year extension of time for payment of SBOO,OOO 7 per cet debentures, which matured April 1. First twelve railroads report March net operating income ofi 171-10 per cent from year ago. Same roads showed 55 1-10 per cent decline in February. Walgreen Company earnings in six months ended March 31 estimated at better than 80 cents a share. Butter and egg futures again at new lows. November butter closed 25* cents, off % cent. Graton it Knight Company omitted quarterly dividend of $1.75 on preferred, due at this time. Tampa Electric, including subsidiaries, March net after taxes, depreciation, against $136,93$ in March, 1930. Twelve , months (1,602,134 against (1,453,645. Bunker Hill and Sullivan Mining and Concentrating Company declared regular monthly dividend of 25 cents on common payable May 5. record April 23. Allen Industries, Inc., quarter ended March 31 net loss (7,583 after charges, 1930 DSt r ‘ et profit $59 ’ 381 fl rst quarter United Railways and Electric Company of Baltimore March net income 312.212 fciter takes, interest and depreciation, against $81,083 March, 1930. Three months net loss $4,488 against net income $123,455.
New York Curb Market
(By Thomson it McKinnon) —April 24 11:301 1130 Am Com Pwr... 14%!M0 Kan Pipe 6 Am Gas it El.. 66 iMt Prod - 4* Am Lt & Tr... 44 |Nat Inv 4% Ark Gas 4%.Nii Hud Pwr.. 10* Aviation of Am 5 ; Salt Creek . 5% Brazil Pit Lt.. 19 !Sel Incus 3% Can Marc 2%!Shenandoah 5% Cities Serv 16 Std of Ir.d . 27% Cord .... 11%,Std of Kv 18* Crocker & Wh.. 11% Stutz 22% Durant M0t.... 2, I Air Trans .... 8 Elec Bond Sh.. 41%: Un Gas (new).. 7% Ford of Eng.. 13-~jUn Lt & Pwr... 22 Fox Theater 3* Un Verde 9 Goldman Sachs. 7% Ut Power 9 Hudson Bay ... 4"- Vacuum Oil ... 46* Humble Oil ... 53% Van Camp 5 l£t Pete ll*|Wallgreen 19 Midwest Ut 20 I
New York Bank Stocks
(By Thomson & McKinnon) —April 23 America A sj' fakers 95% . 102% Brooklyn Trust 430 445 Central Hanover ......... 232 237 Chase National 86% 33 ! / 2 Chatham Phoenix Natl ... 63V* uv, Chemical sis/. 433.1 City National -..v;. f? 5% - i<S'Corn Exchange iot* 111' Commercial 285 300 Continental 19:4 22 M Empire 5514 5314 First National 3.630 ' 3,330 Guaranty 453 473 Irving 33% 35% Manhattan & Cos. ........ 79 82 Manufacturers 43% 45% New York Trust 154 159 Public 53 56 HUNT FOR OLD-TIME BAR PROVES FUTILE Nevada Fraternity Searches in Vain for Belie for “Brawl.” By United Press TONCPAH, Nev., April 24.- An old-time saloon bar, with its polished mirrors and gleaming glass, must be somewhere around this famous old mining camp, but members of the Delta Sigma fraternity chapter here just can not locate one. The fraternity want such-a-bar, reminiscent of the old days, to use in the annual “Bowery Brawl” here. In former -years there were plenty of them unused, but gradually they disappeared. For the last two years the fraternity has used the same bar, a masterpiece of mahogany and brass, but this year its owner said even that was performing its duties elsewhere. New York Liberty Bonds 3%s 101.24 Ist 4Vis 102.26 4th 4Vis 104. Treasury 4%s 112. Treasury 4s 107.28 Treasury 3%s of ’47 101.26 Treasury 3%s of '43 /March) 101.20 Building Permits Thomas Carson, dwelling end garage, 5036 Washington. boulevard. $23,250. George Jones, dwelling and garage, 5304 North New Jersey. $15,750. . Heck Oil Comoany. tanks. Twenty-ninth and Elmira. 51.600. Arthur Brown, alterations and repairs. Delaware and Vermont. S4OO. t Comodore Butts, porch. 1723 Ruckle. s2€o. E. B. Ball, addition. 1122 North Temple, $250. Webber Milk Comnar.v. alteration and -hairs. 1131 Cruft. SI,OOO. C. V. Harris Company, marauee. 25 East .7- shiueton. $962. C. V. Harris C'-mpany. signs. 25 East W-shington. $17,000. r y.aia Falke. repairs. 2019-21 Ruckle, J 233. Metropolitan c-ra! Company, alterations and repairs. 945 North Davidson. $1,700. SALES SHOW INCREASE Perfect Circle Export Business Up 67 Per Cent. A report Just released by W. J. Platka, export manager of the Perfect Circle Company, shows that Perfect Circle export sales for the first quarter of 1931 show a gain of 67 per cent over the same period of 1930. Platka attributes the gain to a much improved distribution system throughout the sixteen principal - countries in .the world where Perfect Circle piston rings are actively sold, and to the general pickup in foreign replacement parts business. Canada registered the greatest gain in the first three months with a 109 per cent increase over the same period in 1930. Morrows Returning to U. S. PARIS, April 24.—Senator and Mrs. Dwight E. Morrow of New Jersey arrived here today from a vacation in Sicily. They said they would leave for London Sunday or Monday, en route to the United States.
STRONG GABLE REPORTS SEND GRAINSHIGHER Steady Securities Trend Another Bull Factor in Futures. BY HAROLD E. RAECVILLE United Press Staff CorresDoneent CHICAGO, April 24.—Strength at Liverpool and a relatively steady stock market gave wheat an unevenly higher opening on the Board of Trade today. The distant futures went up a good fraction on scattered buying, but the nearby months were unchanged. Liverpool was firm with a higher tendency, owing to a gocd general demand. Foreign markets a-s a rule were strong, with statistics slightly bullish and prospects of forther reduction in milling requirements in France and Germany. Corn was firm with wheat. Oats had a small trade, but followed the other grains. At the opening wheat was unchanged to % cent higher, with Hay unchanged; corn was unchanged to % cent higher and oats were % to % cent up. Provisions were steady in a very dull trade. Liverpool was off at the start but recovered to advance % to %c higher at mid-afternoon. Buenos Aires was %c up at the opening. Wheat traders are mainly bearish looking for an irregular, declining! market unless there is a decided j change in the character of the j news. The continued unsettlement in the stock market is a disturbing influence. Much of the May wheat coming out is attributed to sales by the government. The Fanners National Grain Corporation and speculators who have held for an advance that has failed to materialize are said to be the chief sellers. It is probable that the farm board will take delivery on some wheat now held in private elevators. Increased run of corn the last few days and the fear that track deliveries may be necessary are depressing factors in the maize pit. The cash demand, while r.ct large, holds steady and charters for 310,000 bushels to go to Euffalo by boat were made Thursday. The action of wheat continues to be the real influence. After oats had fallen to another new low position, sufficient buying by cash interests occurred to rally May. The shipping demand is showing some improvement.
COTTON FUTURE^ Federal Farm Beard Head Predicts Market Growth, By United Press AUGUSTA, Ga., April 24.—The outlook fer American cotton appears brighter than at any time in the last, .two years,. Carl Williams of the federal farm board said today in a speech before the annual meeting of the. American ' Cotton Manufacturers’ Association. “The low point of restricted use of American cotton abroad probably has been'reached and passed,” he said.. “Prospects are all for an actual reduction in the cotton supply of foreign countries outside of Russia.” Williams said "there is every indication that the end of the lowest point of the present cycle of consumption and supply has about been, reached.” ANNOUNCE EUTLER RITE Founder’s Day Event May 7 Will Include Senior Marcb. Annual observance of Founder’s day and Honor day at Butler will be consolidated, into one event, May 7, this year, President Robert J. Aley said today. Heretofore they have been celebrated separately. Dr. William Lowe Brayn, president of Indiana university, will be the chief speaker, and Dr. Aley will announce scholastic, literary, scientific and ex-curricular awards and name students elected to various honorary societies. Seniors will appear for the first time in caps and- gowns in an j academic march. AWARDED ANNULMENT Washington Woman Tells Judge Mate Forced Her to Marry. By United Press LOS ANGELES, April 24.—Mrs. Allen was given a decree of annulment of her marriage to Louis Gregory Allen, Washington (D. C.) businessman, when she testified that he used a revolver to force her to marry him against her wiL Mrs. Allen testified she was 17 when she married Allen at Alexandria, Va., Aug. 13, 1929. He was 4°. - ■ ------- ■ RUMANIANS NAME CHIEF George Rogozia Elected President of Progressive Club. Election of George Rogozia as president of the Rumanian Progressive Club, was announced today. Others elected: Frank Fleser, vicepresident; John G. Adams, secretary and John Eunerius, treasurer, and Dan Rogozia, John Mitram, Avram Lascu, John Rogozia, Peter Leucea and the Rev. G. Popa, directors. APPROVE REINFORCING Works Board Sanctions Sidewalk Work at K. of P. Building. Plans were approved by the works board today for reinforcement of sidewalk under which basement of the K. of P. building at Pennsylvania and Ohio streets and Massachusetts avenue extends, preparatory to widening Massachusetts avenue. Owners of the structure are given ninety days in which to carry out their strengthening program. NEW YORK COFFEE RANGE —April 23 High Low. C.oi. January 5.53 .... 0.53 March ; 564 5.55 5.60 May 5.20 5.00 5.05 July 5.40 5.15 5J5 iaafr.rr:;.7:y. IS i$ tit
The City in Brief
SATURDAY NIGHT , . Beta Theta Pi. luncheon. Board of Trade. Sicma Alpha Epsilon, luncheon. Chamber of Commerce. A. H. Gisler of Kothe-Well* & Bauer addressed Indianapolis wholesalers at the Chamber of Commerce at luncheon today on “Sales Methods and Costs.” It was the first of a series of four meetings sponsored by the marketing committee of the Chamber of Commerce. Two hundred members of Fletcher Trust Men’s Club w r ill gather at Franklin Country Club, Franklin. Ind.. Saturday for a golf tournament and annual pre-elec-tion dinner. Candidates for offices, elections to which will take place next month, will speak. '•Business and Its Dependence Upon Research” will be the subject of Peter C. Reilly, president of the Reilly Chemical Company, at the Scientech Club luncheon Monday at the Lockerbie. Governor Harry G. Leslie remained away from the office again today, the second day he has been confined at home with a severe cold, according to L. O. Chasey, the Governor’s secretary. He may return to the statehouse Saturday, Chasey reported. Ransacking the Hitzelberger Fuel and Supply Company, 1126 Roache street, burglars failed to obtain any loot, overlooking $lO in a cash drawer of the safe which was open. Gymnastics, clowning and drama will feature fourteen acts making up the annual circus of the Y. M. C. A. tonight and Saturday night. H. E. Rathfon of Redkey was named president of the Indiana Canners’ Association, Inc., Thursday at the Claypool, filling the vacancy created by the death of Claude Gregg, former mayor of Vincennes. • Appointment of Arthur M. Dinsmore as chairman of the Seventh district parade delegation of the American Legion was announced today. Advertising avenue, the gold street of the world, represents the busiest thoroughfare of human enterprise, Tom Wallace, editor of the Louisville Courier-Journal, tcld the Advertising Club of Indianapolis, at the club’s weekly luncheon in In-, dianapolis Athletic Club Thursday. Three hundred fifty Indiana representatives of the V/estern and Southern Life Insurance Company will meet in convention May 8-9 t the Claypool. Speakers will be executives of the company from the home office in Cincinnati. GRANT ANNIVERSARY MADE ‘VICTORY DAY’ Foreign War Veterans Set Aside General’s Birthday. By Times'Special KANSAS CITY, Mo., April 24. One hundred ninth anniversary of the birth of General U. S. Grant on Monday has been set aside by Veterans of Foreign Wars of the United States as Americanization day. “This day has also been set aside as “Victory day” in celebration of official adoption of “The StarSpangled Banner,” as the national anthem by the recent session of congress,” said Captain Walter I. Joyce, director of the national Americanization committee in an announcement issued from national headquarters here today. Distribution of petitions by Joyce and his committee produced a total of more than five million signatures, including those of twenty-six governors, nearly every member of congress and patriotic citizens in every state and territory under the American flag. ROSS HIS GRANDMOTHER Negro Woman Refuses to Prosecute Grandson for Theft. A grandmother today refused to prosecute her grandson for stealing her life savings of SBOO because "she loved him.” But Judge Paul C. Wetter in municipal court bound Theodore Bronston, Negro, 25, of 2051 Indianapolis avenue, to the grand jury under sl,000 bend on a grand larceny charge. Broston admitted the theft and Mrs. Mary Luckett, 80, his grandmother, said she was "willing for him to have the money,” he admitted stealing from her hems, 232 North Pine street. Marriage Licenses Herman N. Hrpskind. 43. Wabash, lawver. and Le!a O. Miner. 41. of 18 East Thirtyseventh street, housekeeper. Clarence F. Spence. 22. of 519 East Thirtieth street, credit manager, and Pauline Lockhart. 18. of 513 East Thirtieth street. Paul Richard Sehelm. 23, R. F. D No. 2. assistant buver. and Esther Louise Hunter. 21. of 5838 Rawles avenue. Russell Hanger. 26. of 717 Lexington avenue. mechanic, and Jewell Esary. 21. of 11 Olea avenue. '
Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Hoard of Trade New York Carb Association Rooms 200-214 Circle Tower Telephone Lincoln 5501
Terre Haute, Indianapolis & Eastern Traction Cos. Week-End Rates Sold at or after 12 o’clock noon on Fridays and all day on Saturday and Sunday Between all Local and Many Interline Points ONE FARE PLUS TEN CENTS FOR ROUND TRIP Knightstown .... $1.12 Greencastle ..... $1.27 'Newcastle 1.45 Brazil 1.75 Cambridge City . 1.69 Terre Haute 2.22 Richmond 2.15 Sullivan 3.01 Dayton, s3.3o—Springfield, 0., s4.os—Cincinnati, $4 Good retaining on all trains op to and including Monday following date of sale. Call Riley 4501 for fares to other points not shown above.
PAGE 25
OHIO FIGHTS TO KEEP UTILITIES UNDERJCQNTRQL Gas Company Is Opposed in Its Efforts to Evade Regulation. By Seripps-Hcicnrd Newspaper Alliance WASHINGTON, April 24.—A new angle of the historic states rights controversy is before the United States supreme court, also another chapter in the long fight to regulate public utilities. . The case is that of the Stats of Ohio versus the East Ohio Gas company, involving the recovery by the state of $959,000 in back taxes and anticipated annual collections of approximately $500,000 from public utilities. East Ohio purchases most of its gas from--West Virginia, where it is produced by a subsidiary of Standard Oil of New Jersey, and is delivered through high pressure transmission mains to 450,000 consumers in Cleveland, Youngstown, Akron, Canton, and- other eastern Ohio communities. The utility contends that since the gas is in continuous motion from the West Virginia fields to the burner tips of the consumers, it is interstate commerce and therefore the state of Ohio has no right to levy an excise tax. Company Is Reserved Attorney-General Gilbert Eettman of Ohio challenges this theory and on behalf of the Ohio tax commission has reversed the company in the federal district court in Ohio. Bettman and Attorney William D. Cockley of Cleveland, for the company, argued the case before the supreme court this week. More important than the taxes involved, Attorney- General Bettman told the court, is the “national governmental aspect” of the case. “Modem engineering developments now make possible the long distance transportation of electrical energy in high voltage transmission wires, of oils in pipe lines, of gas in transmission mains,” he said. “Science has hurdled state'lines. Further modem financial methods make the concentration of vast financial resources which permit billion dollar corporations to do a country-wide business. Effect Far Reaching “If the supreme court should adop tthe East Ohio’s contention and should tie together the engineering and financial developments of modern America so that business of these great underlying commodies of power, oil and gas, remained interstate commerce from point of origin to point of final consumption, then the original gift, so grudgingly bestowed by the states on the national government, of the power to regulate interstate commerce, indeed would become a quitclaim deed to half the sovereignty of the individual states.” A victory by Ohio, AttorneyGeneral Bettman says, will pave the way for similar collections by states where power and gas consumers are served through long distance, interstate mains and transmission lines. BLAST INJURES YOUTH In Critical Condition at Hospital Suffering Severe Bums. Burned when a gallon of gasoline he was using to start a fire exploded, Thursday night, Vem Wilson, 24, of 15 South Kitley avenue, is in critical condtion at city hospital. Alvin Wilson, his father, suffered hand burns when lie attempted to beat out the fire. Slight damaged was done to his home. RAW SUGAR PRICES —April 23High. Low. Close: January ............ 1.51 1.49 1 50' March 1.56 1.56 May 1.25 . 123 1.25 July .... 134 122 133 September 1.42 141 1.41 December 1.49 1.43 1.49
We Buy and Sell Real Estate Preferred Stocks and Bonds ZAISER & ZAfSER 801 Fletcher American Building 129 E. Market St.
James T. Hamill & Company Private Wire* to All.' Leading Markets. Indianapolis ■ - MEMBERS Chicago. Mock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Carb 203 Continental Bank Bldg. Tel Kile* 5493—Riley 5494
