Indianapolis Times, Volume 42, Number 305, Indianapolis, Marion County, 1 May 1931 — Page 25

MAY 1, 1931

PORKER PRICES GAIN 15 CENTS AT CJTYYARDS Cattle and Calf Trades Fully Steady; Sheep Little „ \ 'Changed. BOGS AorU sulk Urlv Too. P-ecetpts. 24 t- no® 7M $" "l 6,006 M. OOd 7.40 7.40 S.OOO ft 7 7:45 2:ooo : 7.35 7.55 5.000 30. 6 Biff 7.45 7-45 4.000 *1* 7 -jo® 160 7.60 5.000 Slight strength again carried hogs up a frsction at the city stockyards this morning, prices moving 15 cents above Thursday’s average. The bulk, 140 to 300 pounds, sold lor $7.10 to $7.60. $7.60 holding as early top. Receipts were estimated at 5,000; holdovers were 119. Cattle receipts were 400, with the market fully steady. Vealers held unchanged, selling at $3.50 down. Calf receipts -were 800. In the sheep market lambs were little changed, sheep tending lower. Receipts were 200. Chicago hog receipts were 13,000, including 7,003 direct. Holdovers, 5.00 Q.. Market- active, 15 to 25 cents higher than Thursday’s average. Choice of 160 to 210 pounds, sold at $7.46 to $7.50. Early top held at $7.60. Choice of heavy weights from 220 to 230 pounds, were selling at $6.75 to $7.25. Cattle receipts were 2,000, Calves, 1,000, and steady. Sheep receipts were 15.000 and weak. HOGS Receipt*. 5,000;.. market, bicker. . —Light-Ltaht— „ , (140-160) Good and choice ..S 7.25® *-40 —LUcht Weights 'l6O-180) Good and choice.,.. 7.£o_ (130-200 1 Good and choice.. 7.55® < 60 —Medium Weights— „ (200-220) Good and choice... 7,50® 7.55 f220-250 1 Medium and c00d.... 7.30® *-40 —Heavv Weiehts—-(22o-250) Medium and c00d... 7.10® 7.00 220-250) Medium and g00d... 6.95® 7.10 (275-500) Medium Rood -. 5,75® 625 'llO-120) Slaughter Digs 7.00® 7.25 CATTLE (Slaughter Class) Receipts, 100; market, steady. Good and choice ...S f-15 Common.-and.medium ....... 5.50i? u&o (t.IOO-1.500) __ a— ■ Good and choice 7.50® 9. .5 Medium 800111 ”- 00 ■ ' —Heifers-- ■ - (500-850) „ „ „ Good and choice ... -.50® 8. <5 Common and medium 5.30® )-ou Good and* choice j}-922 ? Common and medium l 559 Low cutter: and cutters....... 2-0-ff 4JO —Bulls (vcarlines excluded) Good anci choice beet -29S 5-22 Cutter, common and medium.. 2.70@ 4.00 CALVES' AND VEALERS Receipts, $00; market, steady. S2mum n l ch -‘ M ‘.v.:: I:SS81: Cull and medium :•••• 2.50® 6.00 —Calves—-(3so-300) Good and medium 5.00® 7.00 Common and medium 3.00® 5.c0 STOCKERS AND FEEDER STEERS Good and choice ®ls@ | Common and medium 4.50d> 0..0 ) 800-1.500) Good and choice 0.j.5® BXO Common and medium 4.1 5® 6.20 SHEET AND LAMES Receipts, 206: market, steady. 'Shorn basis, except aorimr mmnsi Common d and‘medium*! ~ SoSf’flo figgg^ig Cull and common l.sow v-w Other Livestock By United. Press . _ CHICAGO. May I.—Hogs—Receipts, 13,000 including 7,000 direct; active, 15® 2& :isMr ta|n".ilu..:cay-s 300-250 lbs., good and choice, $6.30®/-SO, medium weights, 200-250 lb s * good and choice. $G.90®7.50; heavy weight, 250-300 lbs good and choice, $6.35(97.05; packing sows 275-500 ibs.. medium and good, $5 50(26.10; slaujhter pigs. 100-130 . lb*-, good and choice, $ < <a7.35. Cavtle -Receipts. 2,000. oalves,. 1.000; fed steers and year'in srs, strong; iairly active; no choice oae $6.25: bulk: steers selllnr at $7.25 28. market conside.ably higher than Monday and closing demand, fairly broad: she stocu generally steady with fat cows slow; bulls and vealers steady* slaucJitcr-* cattle and \Cu,isrs. steers,’6oo-900 lbs., good and choice, 10; SOO-HOO lbs., good and choice, S3®VO. h6o-13CO lbs., gooc. and. choice, SCtfJS.73, 1300-1500 lbs., good, and choice. sß<29 i3. 600-1300 lbs., common and medium. $3 £ 3.25; heifers. 500-‘Ss(J’lbs., good and choice $6 75(8:6.75; common anti—medium, 6 75' cows. good, and choice. s3©6; common and meaiurfl. 54.50®5; low cutter and cutter, $3.25®4 50, bulls, yearlings excluded, good add choice, beef, $4®5.25; cutter to • medium, [email protected]; vealers, milk fed, good and choice. s7®3; medium, S6®7; cull and common. $4.50(8.6; stoexer and- feeder cattle: steers. 500-1000 lbs., good- and choice, $6.75(28; common and. medium $5.25®6.73. Sheep—Receipts. 1 500; fat lambs slow, few sales choice woolsklas. $9.50(3:9.60, steady; big killers bidding lower on bulk supplies; choice springers,- -$4L50®12; sheep, nominal; slaughter sheep, and lambs: lambs 90 lbs. down, good and choice, $3.50(29.65; medium, sß® 8-58; 91-100 lbs., medium to choice, $7.75®3.40: all weights common, $6.75® S; ewes. 90-150 lbs., medium to choice. $3.50®.3.75. all weights, cull and common. $1.50®2 50. By United Press PITTSBURGH. Nlav I.—Hogs—Receipts. 1.600: marker, mostly dpslse higher: 150210 lbs.. $7.65®7.50; 220-250 lbs.. 57.25® 7,60; packing tows, steady: bulk. ss.sQti<2 6 Cattle— Receipts. 10; market, nominal. Calves— Receipts. 100: market, steady; good vealers. 57.50®9. Sheep—Receipts. < 50: lambs, slow: early bidding lower: sheep, scarce sd steady. B'J Press May I.—Hogs—Receipts. 3 100. held- over, 140; opened active, mostly 15e hirfhefr later trade slow; better grade 160-220-ib. averages largely $7.75; some 325 toawjuhd 250 lbs.. 57.25®7.65; 270-320 lbs.. s6xs®7; light lights steady. to 10c higher; 130-150 Ibs. mostly $7.35: sows about steady; bulk $5.50; smooth light* weights. $5.75. - Cattle—Receipts. 300: cslves. 425 r generally steady; common and mediumJsoeers and heifers, 55.75®7; better grade veseMnas upward to $8; most beef cows. $4.75®.5.50: bulk low cutters and cutter cows. $3.25@4 25; bulls mostly $4.75 down: a few $5; vealers steadv to 50c higher: cood and choice, $7.30 %£ 8.50; lower erraaes. $7 down. Sheep—Receipts. 150; active, dully steady; better grade spring lambs. *n®l2; common down to $9; no old crp. iambs or.sheep here. By United Press CLEVELAND. May. I.—Hogs—Receipts. 1.500: holdover none: mostly 10®25c higher; row? steady; bulk desirable weights 210 ibs. down. Including pigs, $7.75: 220-250 lee . $7.55®17.50; 25C-300 lbs . S7®7 25: heavier hogs. 50.75: sows. $5.75® 6 Cattle—Receipts, 300; slow and steady; steers, $6 50® 7.50. according to kind; fat cows. $4®3.50; cutter grades. $3.50®4; bulls, $4 75 25 Calves—Receipts. 4CO; weak to 50c lower: .better grade vealers mostly, SC.SO®9; medium. seso®B; culls. Ss®6. Sheep—Receipts. 800; unevenly lower; desirable clipped lambs. $9®9.25: choice wcxjlsklr.s late Thursday, $9.75; shorn ewes* s3® 4. By United Press EAST BUFFALO N Y.. May X —Hogs— Receipts 5.400; weights below 200 Ids.. active; mostly to packers. 25<$S5c higher; pigs at maximum upturn: weighty kinds slow, 15® 25c ever Thursday’s average: bulk desirable 160-200 lbs., $7.90; 150 lbs. down. $6lB 10; 230-240 lbs., $7 50®7.60. Cattle—Receipts. 250; cows predominating, steady; Cutter grades. $3.50. Calves—Receipts. 1.100: vealers barely active and steadv: bulk better lots. $9: common and medium. $5®7.50. Sbeeo—Receipts, 2.600; lambs, slow: unevenly 50c to sl. mostly 75c under Monday's average; good to choice shorn lambs, $7.75®3; some held around *9 25: one load early $9.50; desirable spring' lambs, $12.75; shorn ewes $4 down. By United press EAST ST.'>LOUIS. Til.. April 31—Hogs— Receipts. 8. 500; market, mostly 25c higher; top. $7.60: most 21} lbs. down. $7.35®7.50; • few 225-230 lbs.. $740: around 230-lb. weights. $6.85: sows. 10c higher: largely $5.60®6.75. Cattle—Receipts. 800: calves, receoita. 600: market® mxed yearlings and heifers, steady to strong: other classes steadv: several loads Tevas steers. $5 85 d*6.10: heifers. $6.50®7.60: cows. $4 50® 8735: low cutters. $3®3.50: medium bulla. S4 50 down: mha $8.50. Sheen—Receipts, a. 000: market, moderately active at steady Drlees: one load springs to packers. $10.75; other small ota .to butcher* and .packers. SIOXO® 11; lev clipped lambs. $7.35*

New York Stocks (By Thomson & McKinnon)

—May 1— Railroad*— Prey. High. 'Lew. 11.30 close. Atchiaon 172 V, 171 Vi 173 V, 174 Bi.t <Se 0hi0..,. 65*4 64>4 65 64V4 Chesa It Oino.. 40% 40% 40% 40% Chesa Corn "... 43'4 43H Chi Grt West ... a 5% 6 5% Chi N West .... 33 32", S3 33 C R J 4 P .. ... 43V4 49Vi Del LAW .; ... 70 68 Dal <Sb Hudson 133 Sri* 34% 34 Vi 34$i 24% Erls Ist pfd 32V, ... Great Northern 53 V* 57% Gulf Mob dt Oil 13% ... Illinois Central .. .. 61% 63 Lou tt Nash 78 78 I MK & T 17% 19% 17% 17 Mo Pacific .... 26% 26Vi 26% 36% Mo Pacific pfd 73 N Y Central... 99Vi 38 99 JOO INYNH tt H .... 77% 77 77 76 Nor Pacific ...: 44% 43% 43% 43 : Norfolk it West .. .. .. •. 180 O iz W 7*i 7% 7% 7% ”en itylvanfa .. 53% 53 53 53% Sea-card Air L.. .. % 50 Pacific 83% £B% 89 89% Southern Ry ... 40% 40% 40% 40% St Paul 5%, 5% 5% 5% St Paul pfd - SV St L-& S ? 21% i Union Pacific .. .. „ ... 171% 170% iWabrsh 13 12% 13 12-j | W Maryland ... 12% 12 12 12Vi Equipment!— Am Car & Fdy 22 21 (Am Locomotive. .. ... 18% 18*4 Am Bteei Fd ... 13% 18% 19% 18% I Am Air Brake S 19% Gen Am Tank 60% 60% (General Elec .. 43% 42% 43% <3% Gen Ry Signal.. .. ... 54% 54 I Lima Loco 25% 24% 24V 3 34% t Press Stl Car 3% 3% I Puiiman 42 40% 'Vestlngh Ar B 27 26V, Westingh Elec.. 63% 61% 63% 63 Rubber*— ! F.restone 15% 15% Fisk % % Goodrich 11% 11% 11% 11% : Govdyear ..... 38% 37% 38 38% Mcily Sprgfld 2V. 1% 2 1% ! J S'Ruober .... 14% 14% .14% 14% Motors— Auburn 222 209 219 213 t Chrysler 18%' 13% ISVi 18% ( Gardner ‘ % Graham Paige... 5 4% 4 4-,* General Motors. 41% 40‘4 41% 41 ; Hudson isy, ie% i Hupp 8% 8 8% 7Vs Mack 30% 30% 30% 29 ; Marrnon 6% Nash 31% 31 31% 30 j,Packard 7%. .7% 7% 7% P.erce-Arrow 14% ,Reo .. ■. 6V4 6% Studebaker .... 20% 19y* 20 At 21 .- Yellow Truck... 9% 9% 9% ,9% | Motor Access— I Bendix Tviation 13% 13% 18% 13% ; Borg Warner .. 20% 20% 20% 20% griggs Al 6 15% 15% 15% ; Budo Wheel '... g% . 7% ; Campbell Wy... 11% ! Eaton 13% 13% 13% 13% 51 Storage B 54 5314 ; Hayes Body 4 Houda . 5 ' Motor Wheel J3% 12% 1 Sparks W 8% 8 3 7% Stewart Warner. .. ... 13 VtVz Ttmkin Roll 45% 46 Slining— Am Metals 16% 15% 16% 16 Am Smelt 40% 83% 33% 40 Am Zinc 5 4% Anaconda Cop.. 2914 28% 29V* 30% Cai ji Hecla.... 7% 7% 7% 8 Cal & Aria... ... 35 Cerrc de Pasco.. 19 18% 18% 18 DolreMir.es .... 11% 11 11% 10% Freeport Texaas. 30% 30% 30% 30% Granby Corp 14% 14% Great Nor Ore 21 Howe Sound.... 20 19% 1954 ’ Int Nickel 15% 14% 15% 15% I Inspiration 7% ! Kennecott Cop. 21 20% 21 21% 1 Magma Cop ie% I Miami Copper 7 ! New Cons 9% 9% 9% 9% ! Noranda 29% 27% 28% 27% Terns Gul Sul.. 40% 33% 331', 40% Oils— Amerada igv 2 Ad Refining ... 15% ' 15% 15% 15% I -u.'hsdall 9 9 -Ot-CGll ......... .. ... 8% £% Houston 9% 3% 9% 9% -r.cuan Refining 2% 2% Ohio Oil 11% ic% 10% 10% | Me:: Soo 16% 15% 16V* 16V* 1 Mid Conti BVi 8 \ 2 , --ao-Amer <Bj ... 29 \ Phillips 8 7% 7% S'/a iPr Oil & Gas... 11% 11% 1114 ... I Pure Oil 6Vi S 6 6 'Richfield ... 2 1% : Royal Dutch ...29% 29% 29% 30% Shell ua 5%' 5 5% 5% If x.c air 10 9% 9% 9% Star.d of Cal ... 37% 37V, 37% 3 7 stand of N JN. 374 35% 37% 37% i Stand of N Y... 20 19V* 19% 19 Texas Cos. 23V* 22V, 22% 22% union Oil ... ... 17 I Steels—- ! Am, Roll Mills.. 27% 25% 26% 25% wC.h.ehom 45% 43% 45 43% M 33% 37Vi 33% 33V* , Crac Steel 45% i.'.uuum u 11% Mldltni 19 13% is% 13% r.ew-Oli 12% 13'/-* -tCUb I & 5..... 14% 14% 14% 14% CT S Steel 120 119 120 120 Vanoamm 42% 42 V* Youngst S & W .. ... ... 18% Youngst S & T 60 Tobaccos— Am Sumatra 9 Am To.b Anew.... 123 Am Tob B neW .125V1 124 125% 12) Con Cigars ..... .. ... 32% S2Vi General Cigar 57 Lig & Mvers B 81%. si% Lorillard I£% 18 18% 18% Reynolds. Tob.. 50% 50Vi 50% 50% Tob Pr-A 3% 13 • Tob Pr B 3% United Cig 7 6% 6% 6% Utilities— Abitibl ... ... 6% Adams Exp 16% IS% Am Tor Pv/r 33% 32% 33 -■ 33'/ 8 Am Pwr &: Li .1 44 43V'j 44 43 A T & T ....... 183 130V* 132 -lei®, Col Gr.s &El ... 33% 32% u3% 32% Com ft Sou ...'. C% 3V* c% 3’/* E! Pwrt& Li.... 45Vi 44% 45V, 45 Gen Gas A 5% 5% Inti TANARUS& T 23% 2(% 27% 25% Natl Pwr & LI.. 31% - 30V* 31% 20% No Amer Cc> ... 69 67% 68% 63 Fac Gas £z E 1... 47% 47 47V* 46% Pub Ser 17 J.... 82 81% £2 31% So Cal Edison ... .<5 Std G& El 71V* 70% 70% 70 United Corn 23 22% 23 23 Ct Pwr & 1 A.. 24% 23% 24% 23% West Union 11s Shipping— Am Inti Corp... .. .. 15% 15% Inti Mer M nfd IOVi 10V* No Gm Llova .... I!. ... 27% United Fruit $8 Foods— Armour A ... 2% 2 Beechnut Pkg 54% £al PkS 24Vi 23 23 25% Childs Cos 21 20% 21 21 Coca Cos a, .... 148 143 Cent Baking A.. 13 12% 12% 13 Com Prod 67 66 67 67% Crm Wheat 25% Cudahy ... 41% 41% Cuban Am Sugar .. ■... 2% 2% Gen Focds 50% 50% 50% 50'u Grand Union ... 14V* 14% 14Vj 14% He.shev Jewel Tea . . . .*.3 i grow; 32% 31% 32% 32% Nat Biscuit 71 70% 71 71 Vi Piijsburv 30% 30 Safewav St .... 52% 52% 52V* 52% Std Brands 17% 17% 17% 17C Ward Bkg * .:. 4% 3% Drugs— Coty Inc .. ... 11 8% Lambert Cos 79 78 Lehn & Fink 28% Industrials— Am Radiator .... 14% 14% 14% 14% : Bush Term 19% 191* I Certainteed 4% 3% j Gen Aspaht! 22% 22% 22% 22V* | Lehigh Port 13

Indianapolis Stocks

—May 1— Bid. Ask. i4^? r i ca S C®? 4 lif* In* C0..1.000 2*Js & s Yards Cos com.. 34 40 : t^hh R vs Pfd 6% 49% 55 , Bobbs-Merrill Cos 52.20 18% 27% Central Ind Pow Cos pfd 7c 82 87 • C.rclo Theater Cos com 7s .100 i Citizens Gas Cos com 10s 24 Citizens Gas Cos pfd 5s 97U, toiu Commonwealth Ln Cos Did 85.. 1C0 Commonwealth Loan Cos Did 7s 97 ’O3 rrf la s s * CoCtaypool com .105 ... ' ! Ind Hotel Cos dm 6s 100 J. R <jD;S £ as Cos com 6s 57 ‘si f nd P,‘S Pow & Lt CO pfd 6%s 104 106 P}> b Well Ln Assn cm Ss 50 Ipdp.s Wa Cos nfd as ICI Pub Servos Ind 7% 100 103 Pub Servos Ind 6 '-/. ........ so 88 i Metro loan Cos 8s 100 ; Indpls Us Cos pfd 5s 101 , . S or T h JP 1 * 1 PubSerCo pfd sVis 92-4 97% 1 Ig#*" b Sv Cos pfd 6s . 102Vj 105 iNo Indiana Pub Cos 7s ... no : 2 Ranh & Sons Pen Cos pfd' 6s 4t * V.i Ter Haute Tr As Li Cos pfd 6s 81% ' i Ln:on Title Cos "Cora 3a .., 23 ! Van Camp Prod Cos Ist pfd 7s .. '93 i Van Camp Prod Cos 2nd pfd 8s ... 93 ! Auburn Automobile Co- c0m.. 192 194 Backstay Welt Cos com 1414 is I Ind Pipe Line Cos .... ........ 17 if i Link Belt Cos com jo% 32 , Lvnch Glass Machine Cos com.. 18 19 N Y Central Railroad Cos 100 101 ! Nat Tile Cos com 5-6 19 in ; Noblitt Sparks Industrial Inc 36 Is Perfect Circle Cos com 25 26 1 Peal Silk Hosierv Mills Inc Cos 17 i?tStandard. Oil Cos (Indiana).... 2?% 28V4 Sturebaker Corporation 22 22 Ross Gear 19 21 , Natl Tile 4% 5% BONDS Salt R R & Stk Yds Cos 4s .. 8 91 *** CJnt Ind Gas Cos 5s 99 Cent Ind Power Cos 6s 97% . Citizens Gas Cos 5s 99 162 Citizens Street Railscad 5s ... 25 Home T 82 T of Ft Warn 6s 102 Ind Railw As Light Cos 5s 93 96 Indpls Pow As Li Cos 5s 101 103 Indpls Gas Cos 5s ....• 100% 102% Ir.dpls Street Rys '4s 16 ... Indpls Tree Terminal Cos 55... 46 Indpls Union Ry 5s 100 Indpls Water Oo SV',s 1054 103 104% Indpls Wat Cos Ist lien & ref 5 98 Indpls Water Cos 4 Vis 96 99 Indole Water Wka See Cos 5s 89 ... Interstate Bub Ser Cos 4%s .... 92 ... Interstate Pub Ser Cos B 6%5. .103 No Ind Rub Serv Cos 5s 102% ... No Ind Co da..... 9944 100

Otis Eev 41 40^ In do, Cheraa— Allied CUm .... 136% 123 126% 125% Com Solv 14 13% 14 13% Onion Carb ... 53% 52% 53%- 54% T 7 8 Ind A! CO. • 33% 33% SB% 83 Retail Stores— AfSoc Dry Gd* 22% G.mbel 8r05.... 4% 4% 4%. 4% Kresge S S : 26% Mav D Store 31 30% Mont Ward .... 18% 18% 18% 18% Penny J C 36 V* 36 Schulte Ret St 7% 7% Sears Roe 50% 51% ; Wooiworth .... 61% 61% 61% 61% Amusements— Brunt Balks ... .. 8% Col Graph .... 9% 8% 9% 9% Eastman Kod 157% 154 156 V, 156% Fox Film 1 A)... 20% 19% 20% 20 v* 1 Grigsby Grunow 4 3 : * Loews Inc 46% 45% 46% 46 Param Fam .... 31% 30%- 31% 30% P-3dio CcfD 17% 16% 16% 16% R-K-O 13 17% 1 13 16% Schubert 4 % .Varner Bros .. 8% ,8% 3% -3% Miscellaneous— Airway App 5 Cit 7 Ice <Ss Fu 31 Congoleum 9% 9% 9% 9% Amer Can 112% 111% 112 112% Com Can 56% 56 56% 57 Curtiss Wr 3% 3% 3t* 3% Gillette SR 32V, 31V, 32% ' 30% Real Silk 17 16^i Un Aircraft .... 28% 27% 28% 28V, Int Harv 49% 49 49% 43% EATON TO MAKE REPLYTO SUIT Illegal Continental Shares Loan Is Charged, By Times Special ■ CLEVELAIsD, May I.—Cyrus S. Eaton, former chairman of the board of Continental Shares, Inc., today was preparing an answer’to the latest court action against him, a suit on file in comon pleas court charging Continental Shares with an illegal loan of $500,000 to Otis & Cos. The suit,. filed Thursday by Attorney Charles S. Wachner, Conti* nental shareholder, alleges that the • loan was made Oct. 11, 1930, that, it was -secured by 60,000 shares of Continental stock, and that there is still a balance due of $250,000. Continental/Otis & Cos. and. the' Continental board of directors also were named defendants.

New York Bank Stocks

(By Thomson & McKinnon) —April 30— America Bankers 993/ 1P 23; Brcok.yn Trust 390 405 Central Hanover 217 2?5 Chase National •' •793% Chatham Phoenix Natl ... ei 64 Chemical - 401,: 42*/City National 81% Corn Exchange • 104 I£B Commercial 270 280 Continental .. 171/. - Empire 'Vi * raLS attpnai '•'••• 3.370 3.570 Irving 311/. \i v , Manhattan &Cos i. 78% B^'2 Manufacturers 40 3 401. now York Trust ..w:::;: 18* Pub!lc 50% 53%

Investment Trust Shares

TBy Gibson is Bernard) PRICES ARE TO 12 NOON C S T —May 1— Amer Founder’s Corn com ?%' A |% Am Inv Trust Shares 5 "iv, Basic Industry Shares 5%' % Corporate Trust Shares 5% 'M Diversified Trustee Sh A , 15% F,rst American Co-p.* . -/% 77/, *• ixed Trust Oil Shares 4% 5 ,-ixed Trust Shares A !. 137/* . lira .Trust NY \ 6V* 7% Leaders es Industry Series A 7% o-ation Wide Securities 6% "6% National Industry Shares 5% 6% N Am Trust Shares 514 5% Sel Am Shares 5 51Z Shawmut Rank Inv Trust ... 7 10" Universal Trust Shares 5% 5% B W Strauss Inv Units ...... . 8 -33* guner Cp of Am Tc Sh A.... 6% 6Vs FiTncamental Tr Sh A 6% 7 Fundamente! Tr Sh B 7 - 7% U S Elec Light & Pwr A.... 29% 31.%

Net Changes

By United Press NEW YORK, April 30.—Closing prices and net changes on nrlncipal stocks traded today on the New York Stock Exchange folldw: American Can, Ex-dividend ..112% American 43 For Power 33% 4% Aijaerican Telephone 181% 3% Atchison ...tv.; 174 6 Auburn - .--w.V:... .213 24% Eeth.ehem Steel 43% 3% Evers 38% 4 case 83Vi 8% Electric Power 45' at! General Electric 4374 2% General Motors 41’ 3:/“ International Telephone 26% 2V5 Loew’s Inc 46 McKeesport Tin Plate 85'/* 6% N Y Central 99% 4% North American 65 4>A Pennsylvania R R. 5334 2 % Radio 1634 2% Radio-Keith 13% 2% Sears Roebuck 52 314 Standard Gas 70 4 * Standard Oil N Y ! I 19 - % Texas Corpn 22% , 1 Trans-America 93/j via Union Carbide 5414 fit? United corpn 23 2% £ s steei 120 4% Weetirmhouse Electric 63 5% Worthington Pump 63% 6%

New York Curb Market

ißy Thomson & McKinnonV . —May 1— . „ „ 11:30) H:3O Am Com Pwr.. 18%,inta Pete ...... 11% "a 01 65 Lion oil 4% Atn Lt <Si Tr ... 41% Midwest Util... 19% •l 5 IMo Kan Pipe.. 6% £. a fi rc 2% National 1nv..,. 4% Cities Serv ... 15% Ni a H ud Pwr... 10% Cord ••-■■■■■■ 11% Penroad 5% Crocker & Wh. 11% Salt Creek s' Durant Mot ... 3 3el Indus S% Elec Bond Sh.. 43% Shenandoah ... 5% E or 2 £ an ••• of Ind 26‘a Ford of Eng.... 13% CJn Gas new ... 7% £°rd of Fr 8% on Lt & Pwr... 34 Goldman Sachs 7% Un Verde ...... 8% Ind Terr A.... 12% Ut Power ......* 8 Int Super ..... 21 I Vacuum Oil ... 41%

Other Livestock By United Press i FT. WAYNE, ind.. May I.—Hogs—Re- * m?’™? 20 h- bmher: 100-140 Ibs.. 1 $6.90. 140-160 lbs., $ .20: 160-180 lbs 37 30* [IBO-200 lbs 47.40: 200-720 lbs? ST 30; 220: iv bs -' „ 24fr3e0 lbs.. ST.OS: 26023 übP . Sv6o: roughs, 85.50: stags. 3.73cai .-es. S8: wooled lambs, 39; clipped lambs. 38; spring lambs. SlO. By United Press LAFAYETTE. Ind.. Mav I.— Hoes Mar. ?ln’inn o^. 20C .? I /- her: 16 °- IS O lbs S . $7.45< lb - 9 f ‘ lbs - £7.30: 210--.25 ibs., s*-25. lbs.. $7.15; 25d**75 tr S -a S i/ 2 i'en 3 ?? lb t'4 J 6 85; 300-325 S6. <5. l-*O-lso lbs., $7; 120-140 lbs && ftv 100-120 lbs.. $6.75; roughs, $5.75 down; top SBSIO. s, ' so; Wp la£abs - spring lambs! By Times Special Ky., May V F'osrs yjlff?ihi 65 A 2 i n 2bs ie $ n 7 -- 40; 130 -105 lbs.. $6.70; 130 down. $6.00; rouarhs stags $3 60. Cattle—Receipts. IOC: mar- . prirr ‘ e heavy steers. 37.25 Caheavy shipping steers. $8.25*57 25- medium steeTS ' fit bSfISE ®-°- common to medium heifers ®” to choice cows. s42s^s*so®‘*ug 2&9% 0d COWS - *3.50<54.25; cut! yoed feeders. [email protected]; Stockers. $3 50*7 25 i C..'.s--Recelpts. 300: market steady good !59 fancy hither outs i if-- 50 £on- Sheep—Receipts. o!oC0: mar- . .%et steady; spring iambs choice. 312: fall lambs fst wei 'beep $345 3 50; clipped sheep. S2-50®3 r Chicago Stocks Opening (By James Hamiil As Cos.) —May I—* • * - - Assoc TalUtil.. 24 'Elec Household. 22% ! SendlA Avia ... 18%*Ihsu!l 6s 1940.. S3--Barg Warner... 20% Midi Unit com .19% Cora Corea .!. ll%!Midl,uat pfd.. .38Cont Ch Cos com eH Middl Com.. 19% Centl Pub Ser? 14-i Swift dj Cos .... 28 Comw Edison... 33% J S Radio <Ss Tel 21% Ch*o SecuriUe* 17% -Jta & Ind ccan 6% Gea The* E<j... f-j

THE INDIANAPOLIS TIMES

FEDERAL BOARD FINISHES HUGE GRAIN niRCHASE Last Transaction Largest . on Record for Cash Wheat Deals. By United Press MINNEAPOLIS, Minn., May I. The federal farm Ijoard today took control of 23,051,000 bushels of wheat stored in terminal elevators at Minneapolis and Duluth, completing purchase of grain bought in recent months for May delivery. Officials of the Minneapolis Chamber of Commerce, which handled the transaction, said it was probably the largest exchange of grain ever completed in one day on any world market. Cash Payment Made The Chamber of Commerce clearing house turned the grain, most of which was owned by elevators, over to the grain stabilization corporation, a farm board subsidy. The transaction was. for: cash. Payment was made on the basis of the wheat price at the time each individual purchase of wheat for May delivery was made. The payment totaled about $18,000,000.. Today’s transaction brought the amount of wheat which the farm board is expected to hold on July 1, when the 1931 crop .'becomes available, to approximately 200,000,000 bushels. ... * Fills Huge Train In commenting on the magnitude of the transaction, Chamber of Commerce officials said that the wheat would fill enough box cars to make a train 130 miles long. Enough one-pound loaves of bread could be made from the grain to circle the world eight and one-half times. Officials of the. Chamber of Commerce said they had not been advised what the farm board will do with .the wheat. It was believed, however, that, a strike of dock-work-ers at the Duluth and Superior lakes harbors would hamper movement of the grain (eastward.

Local Wagon Wheat

City grain elevators are paying 68c for No. 1 red wheat and 66c for No. 1 hard wheat. COUPLE LICENSED IN 1913 FAILED TO WED Parents of Two Children Get Another Permit and Have Ceremony By United Press ELKHART, Ind., May I.—lt tool: thirteen years for William Kozlowski and Mary Museznka, both of Mishawaka, to learn that a marriage license does not constitute a marriage, but they are legally wed today, after living happily during the interim-.' They have two children. Kozlowski’s predicament was revealed when he made application for veterans’compensation. He produced the worn marriage license, obtained here just before he went to war in 1913, as proof of wedlock. It*had never been filled in, however, excepting at the clerk’s office. Another license was obtained, and the marriage detail disposed of.

Produce Markets

- Eggs (country run)—Loss off delivered in ,^ianapoUs. i3 l3c; henery Quality. _ No. 1. Poultry '(buying prices)—Hens weighing o lbs. or over 18c: under 5 lbs.. 16c; Leghorn hens. 16c: 1930 broilers, full feathered. 1% lbs. and up. 30c: under 1% lbs., 28c; bareoack. 20c: Leghorn broilers. 28c; ducks. 9c; old cocks. 9(®Hc:. ducks, full feathered, fat whites, 9c; geese. 6c. Thesa prices a.ra for No. 1 top auaiity. quoted bYKinean & Cos. Butter (wholesale)—No. 1. 27<228c; No. 2 25®2£e. Butterfat—24c. Cheese (wholesale selling price per ,-cound)—American loaf. 22c: pimento loaf. 2oc: Wisconsin first's. 19c: Longhorns. 17c: New York limberger. ,30c. . By United Press NEW YORK. Kay I.—Potatoes—Market, dull; Long Island. [email protected] barrel: southern, $4®6.25 barrel; Maine, $2.75® 3.75 barrs.i Idaho, 55c@$2.c0 sack; Bermuda, s7@ 9 buTai; Canaca, C1.50®2.10 barrel. Sweet 'os—Market steady; jersey' baskets, 1 5c ©53.50; southern baskets. $1.25® 4. rlour—Mnrnet. c;uiet and firm; spring patents. $4.60®4.50 barrel. Pork—Market, quiet; mess. $25. Lard—Market, steady: middlewest spot, 8.65<®8.75c. Tallow Market, steady; special to extra. '3%® j=/sc. Dressed poultry—Market, steady: turk1 77.%.. 2 N® 44c; chickens. 26®38c: broil?Kin 3 „ 4 ® 47 5: f° wls * He; Long Island ducks, 17®20c. Live poultry—Market steady: geese. 10®12c: ducks. 14®24c; fowls, 25c; turkeys. 20@30c: roosters, 14®27cchickens stags, 15® 17c; capons, 17® 45c; broilers, Cheese—Market, quiet; state whoie milk, fancy to specials. 13® 22'/*c; young Americas. 15®20c. By United Press r ay !•—Eggs—Market, firm: receipts. 02,500 cases; extra firsts. 17c; He: current receipts. 15c; seconds. *? ann * Gutter—Market, steady; receipts. If*® o7 -3c; extra firsts. 22%c; firsts. 20%®2ic- seconds. 20c; standards, 23c. Poultry—Market, weak: receipts, 1 car; fowis, l*®l9c; springers, 26c; Leghorns, 16c. crocks, 20c; geese. Sc; turkeys. 22® TtoiV broilers. 34c. Cheese TW*ns, 12%<5‘12%c; young Americas, li'/*c. Potatoes—On track, 257; arrivals. 83; shipments 1.035; market, weak: Wisconsin sacked round whites. [email protected]; Minnesota [email protected]; Idaho russets. $1.50(8-1,55; Colorado McClures, Si.7o; Texas bliss triumpns, $3.25®3.65; Florida bliss triumphs, $4. ..CINCINNATI, 0., May I.—Butter creamery in tub lots according 21 ©2Sc; common score discounted st °c!r No. 1,18 c; No. 2 > He. N°. 3,8 c; butterfat; 19(&31c. Eggs —Steady; cases included: extra firsts, 13 , 2£ : , nearby ungraded, L , l e Pdukry—Thin" and coarse stock sell omy at heavy discount; fowls, 5 lbs. *“5 ° ver • Vi& 4 I bs - and over. 19%c; 3 lbs. f?, a nd. °yer, 19‘/*c: Leghorns 3 lbs. and over, I‘C, roostsrs. lie; slips, 21c; broilers new 1 - lbs. and over, 30c: 2/® r v 3sc ; Partly feathered, 15® broilers, full feathered. 1% lbs. and over. 25c; over I'/* lbs., 30c.

Births _ . , Girls hospital artd Anaa Woil fcr. St. Vincent’s . Tnornas and Mildred Potter. St. Vince.-. t*s hospital. io -7nsoa and Zephra Bales. 537 North Tap’arViD 4nd Isabel Bever- 1007 Edison Jesse and Cora Harrison. 1318 Congress. —Abraham and Betty Shapiro. 1231 South *u6* laian. Boys Richard and Genevieve Fox. St. Vincent s hospital. Chester and Maude Coy. 1745 Shelby. leonard and Marion Loser. 1004 North Delaware. Mene and Pearl Brooks. 1305 East Tabor. - Deaths Sarah Perrine. 58. city hospital, acute dilatation of heart. Vern B. McKenzie, 41. 1414 North Gale, carcinoma. Norman Davidson. 26. Methodist hospital. anemia. William A. Carr. 58. 84 North Dearborn, chronic myocarditis. William Cole, o mo.. Riley hospital. Influenza. \ i John A. Hall. s’. Methodist hospital, ns-- isnteric thrombosis. Andrew J. Rucic-ei. 69. Christian hosi.pital. arteriosclerosis. Eva A. Krause. 64. 1427 North Delaware, carcinoma. • ■ Ruby Blanche Wheeler.. 48. 3636 Car rolltot. punnonary tubercnlosis. James Shea, 67. 7% North West, acute dilatation of heart.Horace Fredricks. 25. city hospital, cerebral hemorrhage. Anna Wisdom Edmondson. 38. 1125. South Manle; bronchitis. - .. Frances 3L D alien.. 14. 2525 San aster, pulmonary tueerculosis, Andrew Foster. .56. 1060 Ear land, chronic myocarditis. Charles E. Edwards. 88. 6049 East Washington. acute dilatation of heart. John K. Martin. 40. 705 North Pine, acute gJstrltlS. Pauhne Brill. 62. 1720 West Wasahington, acute dilatation of heart; . Nora May Herring. 19. lAhodist hospital. acute peritenitia. as %

Bright Spots of Business

Stocks appreciate more than $2,000,600,000 in biggest rally in more than a year. Bankruptcies decreased from 2,367 in January to 1,658 in February, justice department reports. March department store sales and wholesale business show's mere favorable comparison with 1930, federal reserve board says. Bethlehem Steel Corporation receives 16,000-ton rail order from Great Northern. New York Telephone Company first quarter income $11,535,347 vs. $10,414,674 in like 1930 period. Bell Telephone of Pennsylvania first quarter income $4,302,742 vs. $4,720,125 in 1930 quarter. March structural steel orders 185,600 tons vs. -158,800 tons in February. Commercial steel castings orders for March 46,638 tons vs. 40,292 in February. Kelvinator Corporation first quarter income $352,749 vs. $332,600 net loss in preceding quarter. Consolidated Royalty Oil Cos. 1930 income $241,080 vs. $209,203 in 1929.

The City in Brief

Better Hornes week meeting. J j. b, Oropsey auditorium. Beta Theta Pi, luncheon, Board of Trade. . , . . Sisma Alpha Etjs.on, luncheon. Chamber of Commerce, Planning to push their efforts to break the will of Miss Ella Wendel, New York recluse who left a $50,000,000 estate to charity recently, Indianapolis claimants to kinship with her will meet in the home of Mrs. Barbara E. Bryant, 1617 Findlay street, Monday. Elks will get a “Peep Behind the Curtain” on the annual 500*mile auto race at Indianapolis Motor Speedway when they hear Steve Hannagan, publicity director .for the speedway, at the club tonight. Dr. Edgar H. Stranahan of Penn college, Oskaloosa, la., will address the quarterly meeting of the Plainfield Friends church tonight in the First Friends church. A dinner will precede the meeting.

In the Air Weather conditions at 9 a. m.t Southeast wind, 3 miles an hour; . temperature, 50; barometric pres--1 sure, 30.17 at sea level; ceiling, unlimited; visibility, five miles; field, good. Arrivals and Departures Hoosier Airport—J. Stokes, from Ft. Leavenworth, Kan., overnight, Great Lakes plane; Clarence Dowden, from Terre Haute and return, Eaglet;, Jack Hunter, from Shelbyville, Ryan. Municipal Airport—Carl B. Smith, Mexico to Chicago, Sparton; H. H. Speer, Kokomo to St. Louis, Aeronca; Lieutenant Charles McK. Robinson, Langley field, near Washington, to Chanute field, Rantoul, 111., _army plane; John Blish, from ! Seymour and return, Stinson; Em-jbry-Riddle passengers included E. j B. Smith, Indianapolis, to Cincin- | nati; T. is W, A; passengers inj eluded Miss June -Williamson .to New York City, Miss Leona Griffith and W. D. Dean, both to St. Louis. Mars Kill . Airport (CurtissWright) Maurice Brown, from Terre Haute and return, Robin. Schoen Field, Ft. Benjamin Harrison—Lieutenant Kenneth Noble, to Daymen, O. Millions Ride Planes By United Press WASHINGTON, May I.—Civil aircraft in the United States car- | vied 2,715,846 passengers in 1930. ! A commerce department analyi sis of air travel said 2,293,341 pasi sengers rede in aircraft engaged in | miscellaneous flying operations and 417,505 were passengers in scheduled flying operations. Miscellaneous flights aggregated 56,502,560 miles in 1930, of which 8,547,600 were flown by unlicensed craft. The department did not issue accident statistics. Hoosiers on Guard By United Press HAMMOND, Ind., May I.—Police of the Calumet region were organized today with strong forces at points in Gary, Hammond and* Indiana Harbor, to prevent disturbances in proposed May day demonstrations. Communistic gatherings were scheduled at all three points for this afternoon, as a preparation for the proposed “hunger trek” to Indianapolis. The vanguard of the caravan is scheduled to form at 10 a. m. and to gather force as it moves slowly southward toward the state capital. World Fliers Take Off By United Press _ MIAMI, Fla., May I.—Hugh Herndon and Clyde Pangborn, wealthy aviators, left by airplane for Port au Prince, Haiti, today on the first over-water leg of their “test flight 1 ’ to Porto Rico, which is to put them in practice for their attempts to fly i around the world, j Captain' L§wis A. Yangey, giving j instructions in “blind flying,” aci companied them. After the Porto Rican flight, j Herndon and Pangborn plan to at- | tempt a 5,0C0-mile flight to Moscow I as the first step cf their journey l around the world. New Air Mail Line to Open By United Press ' WASHINGTON, May I.—Air mail service will be established June 1 between Kansas City and Denver, it was announced today by Assistant Postmaster-General Glover. . A daily service will be maintained and connections with Chicago will be arranged for passengers from Denver. t The route will be operated by American Airways of NSw .York in conjunction with its Evansville, St. Louis, Kansas City, St. Joseph and Omaha service. Marriage Licenses Harry Trise LotA. 26. oi 1417 Reisr.er street, stock buyer and Edith C. Washburn. 21. of 1850 Leslie avenue, telephone coeraton Henry Lentsert. 48. of Girard. O-. inspector. and Theresa Schr.auz. 46. of' 1512 North Pennsylvania street: clerk Harry Chadweli. 28. of Ph-'.ade'.ohia United States navv. and Mildred Day. 26. of 1028 South Sheffield avenue, housework. Charles R. Welshaus. 25. of 119 North Euclid avenue, salesman, and Lillian E. Smith. 21. of 8806 North Emerson avenue.

FUTURES RISE ON STRENGTH IN MAY CORN Strong Cables, Lack of Rains Adds Firm Tone to Options* BY HAIIoLD E. RAIXVILLE United Press Staff Correspondent CHICAGO, May I.—Grain prices advanced on the Board of Trade today, led by a sharp jump in May | corn. News generally was bullish. ■ Germany announced a 58 reduction in the wheat tariff; Liverpool was strong, the expected pre- | cipitation in the northwest failed I to materialize and the stock market was firm. Prices started with a good fractional gain and went higher before running into profit-taking and selling on resting orders Com was unevenly higher with December dragging. Oats were around steady but weakness in rye prevented a sizeable advance. Liverpool Opens Strong At the opening wheat was % to 9s cent higher, with May % oent up; corn was unchanged to 1% cents higher and oats were % cent lower Ito % cent higher. Provisions were firm. Liverpool opened as strong as exj pected today, with May showing j good strength, prices being % to 1 % cent higher at mid-afternoon. With pessure from a weak stock market and May liquidation temporarily removed, wheat made a good response to the recent bullish news, mostly the dry weather in the northwest and better foreign advices. Private reports' today 'are expected to show excellent conditions in the winter wheat crop, but it is not thought that it will have much effect. The" farm board : headquarters announced Thursday" night that almost all the contract stock in both public and private elevators here and at other important markets Was owned by the grain stabilization corporation. . May Deliveries Large Deliveries of May wheat were more than 3,000,000 bushels which was more \ than expected and thought to be the windup of the stabilization operations. While there has been no marked increase in the shipping demand for corn, the movement from the country has declined owing to the unsatisfactory prices and the resumption of field work. . Corn will likely follow the trend in wheat. Delivery of 211,000 bushels of May oats this morning was large but likely to be without effect and the market will continue to take' its cue from the other grains. Chicago Grain Table —May 1— WHEAT— Prev. High. Low. 11:00. close. July 63% .62% .62% .62% Sept .32% .62 .62% '.61% Dec . ..... .65% .65%. .65% .65% CORN— July ......... .59% .53% .53% .58% Sept .59 .58% .58% .58% Dee • .53 .52 .52y*' . .52% OATS— . July 27% .27% ,27y s .27% Sept ...;. 28% ' ' SI *BO%. .30% .30% July .85% .35% - .35% .35% Sept W..... • .37'/* .37% 37% -37 Vi 7 A RD — July .. 8.55 8%0 8.55 8.45 Sept. 8.70 .8.65 2.70 8.62 By Times Special CHICAGO. May I.—Cariots: Wheat. 104; corn. 114: oats. 17; rye. 0. and barley, 13.

YOUNG BAPTISTS IN THREE-DAY SESSION

Every Part of Indiana Is Represented at Parley in Woodruff Place. Every part of Indiana was represented today as leaders of the Baptist Young People’s Union, gathered here for the three-day session to open at 4 this afternoon in Woodruff Place Baptist church. Registration of delegates and dinner at 6 tonight in the church with an address by the Rev, L. B. Moseley, pastor of the Emerson Avenue Baptist church, are features of the meeting today. Devotional services Saturday at 9 a. m. will be follpwed by four group Conferences. A general assembly will be held during the morning session, with luncheon in the church gymnasium. The Sunday program includes early morning prayer service at 8:30, followed by a conference led by Richard Holland, director of young people’s work for the American Baptist Publication Society. Morning worship and communion will be led by the Rev. L. C. Trent, pastor of Woodruff Place church. Sunday afternoon the Rev. Harold Geistweit, pastor of the Ninth Street Baptist church of Cincinnati, will speak at a song session. Tudor Jones of Anderson will be song leader during the meetings. Discussions in group conferences will be led by the ReV. Walter Getty of New York; Mr. Moseley; Dr. W. R. Jewell, director of religious education for the Indiana Baptist convention, Holland; the Rev. Charles R. Lizenby, and Clyde McGuire, executive secretary of the Indianapolis Federation of Baptist Churches. Other leaders during the convention are Frank Reynolds, Indianapolis, president of the B. Y. P. U.; Miss Myrtle White of Marion, and F.oyd Smith of Warren. New York Liberty Bonds —Anril 30— 3',is 10123 Ist 4'is 102.28 4th 4'is 104.3 Treasury 4'4s 112 14 Treasury 3 3 ts of '47 102.7 Treasury 3%s of ’43 '.. 101.29 RAW SUGAR PRICES —Abril ?3 High. Low. Close. January 1.47 1.44 1.47 March 1.53 1.50 1.53 Mav 1.18 1.16 1.19 July 1.29 1.27 1.29 September 1.38 1.34 1.37 December 1.46 1.42 1.46

We Buy and Sell Real Estate Preferred Stocks and Bonds ZAISER & ZAISER 801 Fletcher American Building 129 E. Market St.

Dow-Jones Summary

Houston Oil Company of Texas and Houston Pipe Line Company quarter ended March 31, consolidated net 1 of 5228.703. after, charges, and. federa. taxes, against $533,349 in am quarter of 1930. New York Cable* opened In London at 4.86 13-33. against 4.86 15-33; Paris, checks 134 43; Amsterdam. 13.095; Italy, 93.885; Berlin, 20.433. United Business Publishers Inc, quarter ended Msrch 31. net profit of $64.546. after interest, tsxes and etc., against $210,382 In first quarter of 1930. City Ice and Fuel Company declared a regular dividend of 90 cents on common stock payable May 3i. record May 15. Continental Baking Corporation and subsidiaries for fifteen weeks ended April 11. net profits were $8.22.383 after interest, depreciation, federal taxes and minority Interest etc., against $1,182,978 for fifteen weeks, ended April 11. 1930. United Gas Improvement In first quarter earned 41 cents a common share against 43 cents a share in like 1930 quarter. Radic-Keith-Orpheum and subsidiaries first quarter net 43 cents a share on 2,328.250 class (A) sliares against 86 cents on 1.850.169 shares in like period of 1930. American Light & Traction Company, and subsidiaries, quarter ended March 31, net income $2,327,523 after charges, depreciation. federal taxes, etc., against $2,786,629 in first quarter of 1930. Twelve months ended March 31. net Income $9.876.831 against $11.483.114. CSty Stores Company and subsidiaries year ended Jan. 31. r.et profit. $4i5.877 after interest, depreciation, federal taxes, and preferred dividends of subsidiaries, etc., against $1,537,860 in preceding fiscal year, Phillips Petroleum, first quarter net less $619 35 after charges. Year ago earned $1,604,844 of 60 cents a share. International Sitter Company and sub ; sidiaries. first quarter net loss $140,94. after charges. Year ago earned $163,148 oi 69 Cents a common share. Tokyo Electric Light Copany. Ltd., year ended Nov. 31. net income 38.874.928 after depreciation, taxes, interest, etc., against $16,372,296 in preceding twelve months. These figures have been converted into dollars at 50 cents per yen. approximate parity of exchange. April Illinois new car sales 17.004 increase of 5.42i over a month ago. but 5,412 below a year ago. April stock trading on the New York Stock Exchange totaled 54,316.836 shares, smallest April since 1927. Graham-Paige Mo4or Corporation produced 2.554 units in April, an increase of 21 per cent over March. Unfilled orders at end of the month totaled 1:868. schedule for Mav April, and daily output stepped up to 180 cars. Factory is operating on five-day a week basis Instead of four davs a week as in April, and body shops on nine-hour basis in place of six-hour operation during past ’month. Continental Oil Company of Delaware and subsidiaries, quarter ended March 31, loss $2,491,143 after franchise, taxes, intangible developments, costs, depreciation,- interest and minority interest and depletion against profit Os $523,302 before federal taxes in first quarter of 1930. . Gasoline sales in California during first quarter were 335,801,774 gallons, 141-10 per cent over a year ago. Prices paid at farms for agricultural products held on April 15 at ah index of 91 per cent of the pre-war level the same as a month previous. Tampa Electric . and subsidiaries, 12 months ended March 31, net income sl,602.434. after taxes and charges, depreciation, against $1,452,645 in the preceding year. MINISTER WINS TWICE By United Press MARION, Ind., May I.—The Rev. Ralph Little, Swayzee Baptist minister, won two encounters in rapid succession here Thursday night—one in court and the other in the courthouse corridor. Immediately after the pastor was acquitted on a charge of criminally attacking the 17-year-old daughter of Clem Bell, Kokomo, he was confronted by Bell in the corridor. He upheld his part in the ensuing fistic duel, until ' the two were separated. NEW YORK COFFEE RANGE —April 30— , High. Low. Close. January ... 592 March 5.90 5.75 5.95 May 5.55 5 40 5.55 July 5.67 5.55 5.67 September - 5.80 5.65 5.50 December 5.90 5.70 5.90

Oh, Baby! By United Press DETROIT, May 1.-—Mrs. Anna Javanovich paid a $3 fine in traffic court for holding her 3-month-old baby on her lap while driving. A city ordinance prohibits anybody from sitting on the lap of a driver. Technically, the baby was the lawbreaker, but as the policeman had failed to give him a ticket, he escaped prosecution.

SLASH INTEREST RATE Baltimore Banks Make One-Half Per Cent Cut on Savings. By United Press BALTIMORE, May 1. The twenty banks and trust companies of the Baltimore Clearing House Association today announced a reduction in interest on Savings accounts from 4 to 3V6 per cent. The reduction will take effect June 1. According to Waldo F. Newcomer, president of the clearing house, “the cut has been necessitated by the reduction in yield of the securities in which the banks’ surplus funds have been invested.” Shakeup of Police By United Press ELWOOD, Ind., May I.—J. N. Nuzum, chief of police, and Harvey Everling, patrolman, Republicans, tendered their resignations an the request of the city council, as the result of a shakeup in the department. Suicide’s Body in Lake By Times Special KNIGHTSTOWN, Ind., May I. The body of John R. Winters, missing since March 31 from his home in Cuyahoga Falls, 0., was found in a lake near here. He had shot himself through the right temple. Despondency over business matters is ascribed as causing the suicide.

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

PAGE 25

BUYING AGAIN SENDS STOCK MART HIGHER Strength of Leaders Is Factor in Upturn of Entire List.

Average Stock Prices

Average of thirty industrials for Thursday was 131.19. up 7,53. Average of twenty rails was 88 14. up ?.30. Averaga of twenty utilities was 60.20. up 2 71. Average Os forty bonds was 95 35 uo .33 BY ELMER C. WALZEF United Press Financial Editor NEW YORK. May I.—Leading stocks met further support on the : stock exchange today and their j firmness bolstered up nearly all ; other issues. Gold stocks were turned over actively by pool operators, Noranda Mines making anew high since listing and Alaska Junea rising substantially, Steel Moves Up United States Steel. touched 119 in the eariy trading, but around noon it was above the previous close . of 120. Westinghouss Electric- camo - iback to the previous close of 63 'i, ' from 63%. American Can rose I*4 points. General Motors rose to 41%, up %; Standard Brands 17%, up %; Gillette 32%, up.2*4, and Vana- . diurn 43, up %. Bethlehem Steel advanced nearly 3 points, to 46%,- on covering by shorts who had anticipated bigger dividend reduction than the one made from $6 to $4 annually. Auburn Carried Up Auburn Auto which Thursday saved 24% points, was carried up 10 points to 223. A long list of special issues made gains ranging to 3 points or more. Declaration of the regular divi - dends by Standard Oil of New Jer- '• sey and Standard Oil of New York and the usual extra by Jersey .brought buying into the oil shares which were up fractions to a point - Utilities were up fractions to a point and rails also made- fair' gains. Coppers reacted to the reduction in the domestic price of the metal. Trading was considerably quieter than Thursday call money held at 1 % per cent.

Banks Clearings

INDIANAPOLIS STATEMENT —May l—;. : . Clearings 1.........53199.P00.Wi Debits 6.370.000.00 ' CHICAGO STATEMENT _ --May 1— CTesrinßS 893.600.000.00 Balances .. ... 12.300.000 00 TREASURY STATEMENT —■May 1— Net balance for April 29... .5344.039.092.00 Expenditures 41,874.395.37 Customs reels, month to date 30.913.149.29 RAISE REPUBLIC’S FLAG Spain’s Embassy at Capital Hoista New Government Emblem By United Press WASHINGTON,' May 1. —The red, yellow amd purple flag of republican Spain floated over the Spanish embassy today for the first time since the establishment of the - new government. The flag was flown in celebration of Fiesta Trabajo, or labor day. The embassy residence was closed, with blinds drawn, and Iron gates barred, following the departure yesterday of' former Ambassador Senor Don Alejandro Padilla Y Bell who left with his family for _ retirement in San Sebastian. ■ U. S. IS ‘OUT OF LUCK' Can’t Buy Islands to Halt Rum Running, Says Canada By United Press PARIS, May .1. —If the United States wants to buy the French is-, lands of St. Pierre and Miquelon, off the coast of Canada, they are not for sale. . .. . The report that the United States wished to buy the .-.islands to stop bootlegging was brought up in the house of commons at Ottawa Thursday, -...• “No French territory. is for sale anywhere,” the minister of colonies said today. He denied, that negotia- ■ tions for the sale of the islands had been started. . . City Aided in Rate Fight Stone companies in ■ and near Bloomington have joined that city in its petition for reduced light rates from the Interstate Public Service Company, an Insull unit, before the public service commission. The petition has been pending nearly a year. In their co-petition, the companies seek an audit of the Insull company. Representative Knutson Better By United Press WASHINGTON, May I.—Representative Knutson (Rep., Minn.), who went to the naval hospital suffering f-om influenza, was said today to be doing welL Doctors said he probably would be released at the end of a week.

James T. Hamill & Company Private Wires to All Leading Markets Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Curb 203 Continental Bank Bldg. Tel. RIley 5493—RIley 5494