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The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, April 11, 1930, Home Edition, Second Section, Image 29

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ATOL 11, 1930.
CROP REPORTS
SEND FUTURES
MARKET DOWN
Foreign Markets Sharply
Lower: Corn Drops in
Sympathy.
/?!/ r'nited Press
CHICAGO. April 11. —Wheat
slumped heavily as the Board of
' Trade opened today, scattered rains
over the southwest being the chief
depressing factor though foreign
markets were sharply lower. While
the southwest was mostly clear and
hot, Goodland, Kan., had three
quarters inch of rain and several
other points have showers, both in
Kansas and Nebraska. Liverpool
fell on free offers and the prospects
for rain while Buenos Aires was off
u to V% cent before noon. Com
sagged with w*hpat, but oats was
fairly steady.
At the opening wheat was % cent
higher to 1U cent lower, corn was
’t to % cent lower and oats was
unchanged to % cent lower. Pro
visions were steady.
Opening about steady, Liverpool
weakened and fell to 2 \ to 2%
cents by midaftemoon. The trade
is gradually working around to the
position that the drought is about to
be broken and an average crop will
be harvested. Locals are inclined
to sell.
More than 1,500,000 bushels of
corn are under charter to clear for
eastern ports with the opening of
navigation, about April 20, charters
for a half million having been made
Thursday. Longs in May are get
ting out of their commitments and
transferring to the deferred months
as the first delivery day approaches.
The market leans to wheat for its
trend, aside from the fundamentals.
Oats has been ruling dull, though
bullish on the cash situation, traders
not being inclined to buy in the
futures as the new crop is progress
ing very well.
Chicago Grain Table
—April 11—
WHEAT— Prev.
High. Low. 12:00. close.
May 1.14' i. 1.12% 1.13% 1.14 V,
July 1.15% 1.14% 1.15% 1.15 V,
Sept 1.18% 117 1.18% 118
Dec 1.22% 1.21% 1.22% 1.22%
CORN
May .84'j .83% .84% .84%
July 87% .86% .87 .87%
Sept 88% 87% 88% .88%
Dec 83 .82% .83 .83 Vg
OATS—
May 45% .44% .45 .44%
July ...•.••• .45 1 2 .45% .45% .45%
Sept .44% .43% .44% .43%
RYE—
May 66% .65% .66% .65%
July 73% .72 .72% .72%
Sept 77% .76 .77% .76%
LARD—
May 1037 10.40
July 10.62 10.62
Sept 10 80 10.82
Jin Times Sntrial
CHICAGO. April 11.—Carlots: Wheat.
13: corn. 124; oats. 37; rye. 1. and bar
ley. 8.
Births
Girls
Olarenc* and Erma Mackey. 1419 North
Kcallng.
John and Nellie Sullivan, 1315 Gillette.
Jerry and Ada Oliver. 1923 Hovey.
Riley and Pearl Foddrill, 1 007 East
Georgia.
Frank and La Verne MacGowagle, Cole
man hospital.
Edward and Edith Lewis. 1210 Congress.
James and Altha Mitchell, 64 South
Rural.
Claude and Jessie Brinson, 1053 East
Vermont.
Boys
Loren and Helen Fralick, 3211 East
Michigan.
Gilbert and Temple Woodward, 619
North California.
Oscar and Fern Burkett, Coleman
hospital.
Law rence and Lenora Weaver. 1526 West
Twenty-second.
Bernard and Mildred Brown, 1668
College.
Charles and Paulene Hahn. 2222 Avon
dale.
Deaths
Vsrrio Edyth Moore, 23, Methodist hos
pital. endocarditis.
Elmer C. Wright. 34. 825 Warren, pul
monary tuberculosis.
Dante L. Conner, 37, Methodist hospital.
diabetes.
Robert A Rayncs. 65 727 North Audubon
Road, acute myocarditis.
Pearl Edith Hensley. 52, 3901 South
Eastern, broncho pneumonia.
Emil Yeager. 69. 410 East lowa, chronic
patencymnatous nephritis.
Dora Smith. 47. 2460 Bond, acute
mitral Insufficiency.
Sarah Porter. 95. 631 East Fifty-seventh,
broncho pneumonia.
Mary Carlton. 26, city hospital, broncho
pneumonia.
William Mendel 74. Long hospital,
ohronic myocarditis.
Elnora White. 33. 428 North Missouri,
lobar pneumonia.
Elizabeth Johnson. 46. 1840 South
Kevstone. cerebral hemorrhage.
George Smith, 77. 1427 North Delaware,
broncho pneumonia.
James Havgood. 55. Central Indiana
hospital, general paralysis.
Elizabeth Schneider. 61, 4050 Ruckle.
arteriosclerosis.
John Bradsnaw. 52. 530 North Alabama
chronic interstitial nephritis.
Katherine Cecelia Shellv. 80. 112 West
Eleventh, chronic myocarditis.
Rosa O. Shryock. 58. 345 East Norwood,
m’tral Insufficiency.
Ida E Rlehl. 70. 43 North Belle Veu
Place, carcinoma.
Henrv F. Hill. 75. 310 North Capitol,
chronic myocarditis.
Gebrge W Coleman. 70, Garfield Park,
arteriosclerosis.
Joeva Hill 53. Methodist hospital, toxic
thvroid.
Tomorrow , Saturday , Only —“ The Quarter Century Jewelry Store” Offers
MELODY PATTERN, GUARANTEED
26-Pc. Set Silverplate
With Stainless Steel French
A sensational value offered solely to make
— = new friends and customers. A beautiful set
—of 26 pieces in the latest design—6 knives, 6
qg*' j3j^rfiiiiiiiiß"i | ' ’TTxjSjjpfr forks. 6 teaspoons, 6 tablespoons, sugar shell
and butter knife in handsome box.
ONLY 13c DOWN!
CREDIT JEWELERS 113 W. WASHINGTON ST.
Indianapolis Stocks
—April 11—
Bid Ask
Amer Central Life Ins C0..1.000
Belt R R & Yds Cos com SI 63%
•Belt R R A: S Yds Cos pref.. 56 60
Eobbs-Merrlll Cos 30 33%
Central Ind Pow Cos pref 91% 95
Circle Theater Cos com 105% ...
Citizens Gas Cos pfd 96 99
Commonwealth L Cos pf 7%
Commonwealth LCopf 8% ... 9< l"j,.
Hook Drug Cos com new 23 25-2
Ind Hotel Cos Clavpool c0m...125
Indiana Hotel Cos pref 100
Indiana Service Corp pref 83 •••
Indianapolis Gas Cos common. . 57 61%
Indpls Power & Lt Cos pfd ...104 106
Indpls Pub Wet Loan As com.. 53
Indpls St Rv Cos pfd.......... 30 31%
Indianapolis Water Cos pfd .... 98 ..
Interstate D 8 Cos pr 6% I. pf 90 93
Interst P S Cos pr 7% P pfd.. 101% 104
Metro Loan Cos 98% ...
•Northern Ind Pub 5%% co pfd 91 94%
•Northern Ind Pub 6% co pfd 99 M3
•Northern Ind Pub 7’V co pfd 106 . .
Progress Laundrv Cos com .... 46 48%
E Raub A Sons Fer Cos pfd ... 49% ...
Real Silk Hosiery M Inc pfd 100 ...
Shareholders Investors C 0... 24-a ...
Standard Oil Cos of Ind 58%
•Terre Haute Trac L Cos pfd. 73
Union Title Cos common .. 42 50
Van Camp Prod Cos Ist pfd.. .. 98
Van Camp Prod Cos 2nd pfd. .. 98
•Ex-Dlvldend.
—BONDS—
Belt R R A Stock Cos 5s 91
Central Indiana Gas Cos 55.. 99 ...
Central Ind Power Cos 6s 99% ...
Citizens Gas Cos 5s 102 ...
Citizens Street Railroad 5s 50 54
Gary St Rv Ist 5s 65
Home T A T of Ft. Wayne 65.101%
Ind Northern Trac Cos 5s ... 3 5
Ind Rv A Light Cos 65.. 97
Indiana Service Corpn 5s 89 . .
Indpls Power and Light Cos 5s 99 101
Indiana Union Trac Cos 5s ... 3
Indpls Col A Cos Trac 6s 96 100
Indianapolis Gas Cos 5s 99 101
Indpls A Mart Rapid T Cos 5s . ...
Indpls No Trac Cos 5s 10 13%
Indpls North Western Cos Bs.. .. ...
Indpls Street Ry 45.. 42 47
Indpls Trac Ter Cos 5s 93 95
Indpls Union Ry 6s 100% ...
Indpls Water Cos 5%s 102% ...
Indpls Water Cos 5s ......... 95 ...
Indpls Water Cos lien A ref.... 92% 94%
Indpls Water 4%s 93 94%
Indpls Water W Sec Cos 5s 85
Interstate Uub Serv Cos 4%5... 91
No Ind Pub Serv Cos 55... 101 ...
Interstate Pub Serv Cos 4%s ...91%
No Ind Pub Serv Cos 5s 100 ...
No Ind Telegraph Cos 65... 97% ...
T H Ind A East Trac Cos 55... 62
T H Trac A Light Cos 5s 95 ...
Union Trac of Ind Cos 6s 17 22
Produce Markets
Eggs tcountrv runt—Loss off, delivered
in Indianapolis. 21c; heneri duality. No. 1
24c: No. 2. 21c. „ . . .
Poultry tpuytng prices)—Hens, weighing
4%c lbs. or over. 24c: under 4'% lbs.. 26c;
Leghorn hens. 20c; springers 4 lbs., or
over. 21c; under 4% lbs., 21c; broilers.
1930. 32c; old cocks. 124115 c: ducke. full
feathered, fat. whites. 12c; geese. 10c.
These prices are for No. 1 top Quality,
quoted bv Kinean A Cos.
Butter (wholesale' —No. J. 42@43c; No.
2. 40*' 41c. Butterfat—39c.
Cheese (wholesale selling price per
pound'—American loaf. 31c; pimento loaf.
33c Wisconsin firsts. 27c; Longhorns. 84c;
New York Umberger. 36c.
Jill United Press
NEW YORK, April 11—Produce: Flour-
Quiet and steady; spring patents, $6.10 a
6.50. Pork-Quiet: m ess. $31.50 Lard—
Steady; middle west, spot,
Tallow—Steady; special to extra, 6%'u
6 5 hc. Potatoes —New steady, old weak;
Long Island, $1.75fi>4.75; southern. $3.75c
6.80; Maine, $1.75r 4.35; Bermuda. s4f
4.75. Sweet potatoes—Firm; southern,
baskets, $1.50; southern, barrels, $2.50;
Jersey, baskets. 75c4i53.25. Dressed poul
try—Firmer; turkeys, 27@42c; chicxens,
18 34c; capons. 30(g44c; fowls, 164i32c;
ducks. Long Island. 21c. Live poultry—
Steady; gee.se, 13’<il8c; ducks, 14'26c;
fowls, 25(u 34c; turkeys. 35155 c; roosters.
14.r15c; chickens. 190i32c; capons, 300/.
55c; broilers, 25®43c. Cheese—Quiet;
state whole milk, fancy to special, 2410
26c; young America, 226£25c.
/>(/ I nited J'rrss
CINCINNATI. 0., April 11.—Bvitter—
Steady; creamery in tub lots according to
score, 39(<i40c; common score discounted,
2(03c: packing stock No. 1,27 c: No. 2,22 c;
No. 3,17 c; buttei fat, 360,39 c. Eggs—
Steady; cases included: fresh gathered,
25c; firsts, 24%; second, 22%c; nearby un
graded, 24%c; duck eggs, 30c; goose, 90c.
Live poultry—Fowls, 5 lbs. and over, 26c;
4 lbs. and over, 26c; 3 lbs. and over, 26c;
Leghorns, 3 lbs. and over, 21c; roosters,
14%c; capons, 8 lbs. and over, 35c; under
8 lbs., 33c; slips, 21c; 1930 broilers, over
2 lbs., 38c; colored broilers, 1% lbs. and
over, 35c; 1% lbs. and over, 28c; Leghorn
and Orpington broilers, 1% lbs. and over,
34c: 1%- lbs. and over, 28c; broilers partly
feathered, 24c; block springers, 24c.
Jin United Press
CLEVELAND. April 11.—Butter—Extras,
41 %c; standards, 41 Vic. Eggs—Extras,
26 %c; firsts, 25%(&26c. Poultry—Fowls,
29c; mediums, 30c; Leghorns, 25c; heavy
broilers. 35(<(42c; Leghorn broilers, 32@35c;
ducks, 25'<i28c; old cocks, 18c: geese, 15 Gt)
20c; stags, 22c. Potatoes —(Old) Ohio
and New York. $4 per 150-lb. sack; Maine
Green Mountain, $4.75(0,4.85 per 150-lb.
sack; Idaho Russet, [email protected] per 100-
ib. sack.
Investment Trusts
Bid. Ask.
Am Founders (new) 24% 25%
Basic Industry Shares 9% 10%
Corporate Trust Shares 9% 10%
Diversified Trust Shares (A).. 26% ...
Fixed Trust Shares <B) 22% ...
Diversified Trust Shares (C).. 9% 9%
First Investment Corporation. .. 11%
Fixed Trust Shares lA) 22% ...
Fixed Trust Shares (B) 19% ...
Investments Trust of N Y,... 12% 12%
Leaders of Industry 12% 13
No Am Trust Shares 10 10%
Power A Light Sec Trust.... 64 66
Reybarn A Cos 13 14%
Standard Oil Trust Shares 10 12
S W Straus Inv Units 52 58
Selected Amer Shares 8% 8%
Trustee Standard Oil Shares.. 11
U S Elec A Pow Shares A.... 42 44
U S Elec Lt L Pwr Shares B 12 12%
POWER BILL FAVORED
Couzens Measure Reported to Sen
ate With Committee’s Approval.
Bu United Press
WASHINGTON, April 11—Chair
man Couzens of the senate inter
state commerce committee today
presented to the senate the com
mittee's favorable report on his bill
for reorganization of the federal
power commission and announced
he would ask for its consideration
next week.
The bill would create a separate
power commission, composed of
three full time commissioners, in
stead of cabinet, officers as now.
ACTIVE SELLING
REDUCES EARLY
STOCK PROFITS
Profit-Taking Hits Market
After Strong Opening;
Steel Weak.
Average Stock Prices
Average of thirty Industrials for Thurs
day was 292.19. up 1.04. Average of twen
ty rails was 154.88, off .27. Average of
twenty utilities was 107.92, up. 09. Aver
age of forty bopds was 92.25, up .02.
Bn United Press
NEW YORK. April 11. Active
profit-taking came into the stock
market again today after a strong
opening and the list turned irregu
lar with about as many stocks down
as up around noon.
There was nothing in the domes
tic news to bring a setback, but ap
prehension was felt over the situa
tion in Tokio where panic reigned
on the Stock Exchange.
Locally conditions pointed to fur
ther appreciation in stock prices. A
huge merger involving Public Serv
ice, United Gas Improvement and
United Corporation was said to be
in the making; call money was easy
at the renewal rate of 4 per cent;
brokerage loans increased only
$26,000,000 for the week; the fed
eral reserve issued a favorable
weekly report and oil prices were
tending toward higher levels.
Steel Weakens
The improving conditions here
accounted for a strong opening and
further gains in the early trading.
Later selling followed announcement
of the Tokio break.
Around noon United States Steel,
which had crossed 197, came down to
195%, where it was off Vs point.
Losses ranging to nearly 4 points
from the previous close were noted
in Montgomery Ward, Sears, Roe
buck, Auburn Auto, Bethlehem
Steel, and fractional losses were re
corded in Gillette, Radio-Keith-Or
plieum, Packard, General Electric,
Westinghouse Electric and a num
ber of others.
Utilities which had been up in
early trading lost considerable of
their gains. American Telephone
got down to 269 %, off %, and small
net losses were noted in United
Gas Improvement, Commonwealth
& Southern and a few others.
Gas Is Firm
Held firm around 126 where it was
up 4% points and good demand
continued for Public Service around
its high of the year of 123 Vi.
In the early afternoon officials of
Public Service of New Jersey stated
there was no truth in reports of a
merger of their company and
United Gas Improvement. The
stock declined 2 points on the de
nial.
Copper shares were depressed, es
pecially Kennecott which made a
new low for the year at 5214, off 1,
and Anaconda selling ex-dividend off
1% at 70%. Oils were strong for a
time, but they came down with the
remainder of the list.
Cash Hay
Indianapolis hay prices, f. o. b. country
Eolnts with freight rate to Cincinnati or
oulsville. 23% cents or less: No. 1 tim
othy. $12.50; No. 2, $11.50; No. 3. $10;
No.' 1 light clover mixed. $11.50; No. 1
clover mixed. $11.50; No. 1 clover. slo.ao.
New York Bank Stocks
National Banks
- APrilll - Bid. Ask.
America 149 150
Public 142 143%
Chase National 16 < 168
Chat Phenix National 564 570
National City Bank 243 244
Guaranty 853 856
First National 6,425 6,475
Manhattan A Company .. 151 152
Bankers 174% 175
Trust Companies
Central Hanover 407 409
Corn Exchange 256 257
Bank of United States.... 78'/ 79
Irving 68% 68%
Manufactures 147 148
New York Trust 320 323
Brooklyn 920 925
Interstate * 52% 53%
Marriage Licenses
Ralph T. Griggs, 23, of 441 North
Tacoma, signalman, and Alberta J. Hart
man, 21, ol 564 North Beville, proofreader.
Isaac W. Douglass. 27, of 1326 Eugene,
manager, and Pauline F Craig. 23, of 1325
West Thirtieth.
Ivan H. Cook. 24, of 1226 Hoyt superin
tendent, and Dora M. Miller. 22. of 544
Middle Drive Woodruff Place, typist.
Ralph M. Arnoid. 47. of Dayton, 0.,
engineer, and Ethel F. Judy. 48, of 2811
Brookside.
Ernest L. Tetters, 28. of Martinsville,
manager, and Lucy I. Carter 26, of 623
Virginia, teacher.
Perry A. Johnson. 54, of Westfield, farm
er and Dellilah F. Thomas, 46, of 701 Day,
saleslady
Wilbur Cornell. 22. of 1940 Lexington,
mechanic, and Martha L. Riggs. 19, of
851 Buchanan, clerk.
THE INDIANAPOLIS TIMES
New York
Stocks
•(Bv Thomson A McKinnon)”
—April 11—
Prev.
Railroads — High. Low. 12:00. close.
Atchison 237% 236%
Atl Coast Line 174
Balt & Ohio 120 120
Canadian Pac.. . •••. 209% 211%
Chesa A 0hi0..231% 230 % 231 232%
Chesa Corp 78 77% 77% 79
Chi A N West 85% 86
Cht Grt .West 16 15%
CRI A P 120', 4 120%
Del A Hudson 179
Del A Lacka 146
Erie 58% 58V. 58% 58%
Erie Ist pfd ... 64% 61%
Great Nor 98(4 88%
Gulf Mob A Oil 41V* ...
11l Central 130 130
Lehigh Valley 81
Kan City South ... 81V*
Lou A Nash ... i37% 137%
Mo Pac 94
MK A T 65% 64% 64% 64
Mo Pac pfd ... 138% 139%
N Y Central ..187% 186% 186% 186
NY NH A H 123% 123(a
Nor Pacific 92% ...
Norfolk A West .. ... ... 256
Pennsylvania .. .. ... 83Vs 83
Reading ... 124'/*
Seab’d Air L 22
Southern Ry 127% 127%
Southern Pac ..123% 123% 123% 122%
St Paul 23% 23% 23% 23%
St Paul pfd.... 40% 40% 40% 40%
St L A S W 67
St L & S F 116 114%
Texas A Pac 132
Union Pacific .. . 236 235
West Maryland. 33% 32% 33% 32%
Wabash 62
West Pac „ ... 27 27
Rubbers—
Ajax 2%
Fisk 5% 5 5 5
Goodrich ... 53% 53V*
Goodyear 93% 93 93 92%
Kelly-Spg 6 5% 5% 5%
Lee ... ... 9%
United States.. 35 34% 3474 34%
Equipments—
Am Car A Fdy .. ... 697% 69'/4
Am Locomotive 80
Am steel Fd.... 48% 48 48 48%
Am Air Brake S 50% 50% 50% 50%
Man Elec Sup.. 47'% 46% 47% 46%
General Elec .. 9374 93 93% 92'%
Gen Rv Signal. .100%. 100 100% 100%
Gen Am Tank .1097% 109% 109% 109%
Pressed Stl Car 13%
Pullman 83 83%
Westingh Air B 47 47
Westingh Elec .194% 19, 193% 192%
Steels—
Am Roll Mills.. 92% 92% 92% 92%
Bethlehem 107% 106% 106% 1067%
Colorado Fuel. 73% 73 73 73
Crucible 90% 89% 9074 89%
Inlatid Steel 92% 92'%
Otis 36%
Rep Iron A Stl.. 78 77% 78 79
Lualum 40% 4074
Newton ... 53% 547%
U S Steel 1977% 196 196 196
Alloy 337%
Warren Fdy 3374
Youngstwn Stl.. .. ... ... 145
Vanadium Corp 117% 116% 117% 11574
Motors—
Am Bosch Mag 507% 50% 5074 50%
Briggs 22 21% 21% 21%
Brock way Mot ... 1874
Chrysler Corp.. 43 4274 42% 42%
Eaton Axle 34% 33% 33% 34%
Graham Paige.. 12 11% 12 1174
Borg Warner... 49% 4874 4874 48
Gabriel Snubbrs .. ... ... 11%
General Motors 54% 5374 53(4 53%
Elec Stor Bat.. 75% 75% 75% 75%
Hudson 56% 5674 5674 55%
Hayes Body Corp 16 1 574 1 6 15%
Hupp 26% 26V4 267% 26%
Auburn 257 258%
Mack Trucks ..85% 85 85 85
Marmon 30% 29% 30% 29%
Reo 13% 1374 13% 13%
Gardner . ... 6 6
Motor Wheel .. 33% 33% 33% 3374
Nash 5374 52% 5374 53'4
Packard 22V* 21% 22 2274
Peerless 10% 10% 1074 10%
Studebaker Cor.. 4274 4174 41% 4274
Stew Warner... 4474 44% 44% 4374
Timken Bear..., 89% 88(2 89% 88
Willys-Overlana. 10 97s 9% 9%
Yellow Coach.. 28% 28% 28% 2874
White Motor .. 42 41% 42 41%
Mining—
Am Smelt A Rfg 73% 72'4 7274 74
Am Metals 46% 4674 46% 4774
Am Zinc 14%
Anaconda Cop.. 72 70% 71 74 74
Calumet A Ariz 74% 73% 74 7574
Calumet A Hecla 27% 27 27 2474
Cerro de Pasco .. ... 60% 59%
Dome Mines ... 8% ...
Granby Corp 55 55
Gt Nor 0re.... 21% 21% 2174 2174
Inspiration Cop 27%
Howe Sound 3874 37'/2
Int Nickel . 42% 41% 41% 42%
Kennecott Cop.. 53% 52 52 53%
Magma Cop ... ... 46
Miami Copper.. 29 28% 2874 29%
Nev Cons 26% 26% 26% 2774
Texas Gul Sul.. 6474 6474 6474 64%
St Joe 5074
U S Smelt .... 32% 327* 3274 3274
Oils—
Atlantic Rfg.... 5074 5074 5074 4974
Barnsdall (A).. 3274 32'/* 32'4 3174
Freeport-Texas.. 5574 54'/* 54% 53
Houston Oil 109% 108 109 106
Indp Oil & Gas 30% 3074 3074 3074
SContl Oil 2974 29% 2974 2974
Mid Cont Petrol 32% 32% 3274 32%
Lago Oil A Tr 2474
Pan-Am Pet B 5874
Phillips Petrol.. 4074 4074 40% 4074
Prairie Oil .... 527* 527* 52% 52%
Unon of Ca 1.... 48% 487s 48% 487a
Prairie Pipe .... 56% 5674 56 7* 5674
Pure Oil 2674 257s 26 2570
Royal Dutch..., 55 5474 55 55%
Richfield 267* 26% 2674 2674
Shell 2474 2474 24% 2474
Simms Petrol.. 3474 3474 34% 34
Sinclair Oil 31% 3174 31% 31%
Skelly Oil 41% 407* 417* 417*
Std Oil Ca 1..., 72% 72 74 72 % 72
Std Oil N J 79 7974 7974 79
Std Oil N Y.... 37% 37 37 3774
Tidewater 17% 17% 1774 1674
Texas Corp .... 5974 5 9 5974 59
Texas C A 0.. 12% 1274 12% 12%
Transcontl .... 197* 19(4 1 974 1974
Indian Refining 237 * 2374 2374 2374
Industrials—
Adv Rumely .... 207* 2074 20% 20
Allis Chalmers.. 6774 6674 67% 66
Allied Chemical 31574 315 31574 31574
A M Byers 30774 10674 107% 105'/*
Armour A 674 674 674 674
Amer Can 153 152 152 15174
Alleghany Corp.. 33 3274 33 32%
Am Safety Raz.. 6374 6374 6374 6374
Am Ice ~ 393/*
Am Woolen .... 1474 14% 1474 14%
Assd Dry Goods 49 4874 49 49%
Bon Alum ... 63%
Coca Cola 18274 182 18274 182
Conti Can .... 687* 6874 687* 68%
Certainteed 12%
Crosley 20 20 20 20
Congoleum .... 18 1774 1774 18%
Curtiss W 1474 14% 14'/* 13%
Davidson Chem 39% 39% 397* 39%
Dupont 145 144% 145 143%
Famous Players 74 7374 74 73%
Gen Asphalt.... 70% 6974 70% 69%
Fox A 4674 45% 45% 46
Gold Dust 47 46% 46% 45’'*
Glidden 3674 36 36% 35%
Int Harvester ..110% 107% 109% 106%
Kelvinator 22% 22% 22% 23
Lambert 10874 108% 108% 110
Loews- 88% 87% 877* 87
May Stores 56
Roister 5% 5% 574 5%
Montgom Ward.. 4274 42 42% 42%
Natl C R 6514
Radio Keith .... 44 43% 44 44
Owens Bottle ... 56%
Radio Corp .... 62 61 % 61(4 60%
Real Silk 61(4 61% 61% 61%
Rem Rand .... 457* 4474 44% 43%
Sears. Roebuck.. 917* 91 91 92%
Union Carbide ..107 105 105 104
Warner Bros 7574 74 % 74% 74%
Un Air Craft... 9 1 8974 9 0 89%
Univ Pipe 87* 874 874 8%
USCs Ir Pipe.. 38 37% 37% 38%
U S Indus Alco. .10474 104% 104% 104%
Worthington Pu 142 139% 1397* 137
Woolworth Cos .. 6474 647* 647* 65
Utilities —
Am Tel A Te1..27274 270 270 270
Am Pr ALt 11874 117% 118% 16%
Eng Pub Serv 62%
Am For Power.. 9474 9474 94% 92%
Am Wat Wks.. .122 120 122 118%
Gen Pub Serv.. 52% 5174 52% 51%
Col GA E 867* 86% 86% 8574
Consol Gas 134 132% 13374 132
Elec Pow A Lt.. 94 93% 94 93*4
Int T A T 7274 7174 72 70%
Nor Am Cos 1327* 131 1317i 12974
Pac Light 1037* 103% 103% 103(4
Pub Serv N J... 12374 1207* 132% 119%
So Cal Edsion.. 69% 667* 69 66%
Std Gas A El ..128 123'* 12574 1217*
United Corp 5074 497* 50 49%
Utilities Power, . 45 44% 44% 45
United G & Imp 48% 48% 4874 4874
West Union Tel. .189 18874 189 18774
Shipping—
Am Inti Corp.. 54% 53% 54 5274
Atl Gulf A W I. . 63 63 63
Inti Mer M pfd 27%
United Fruit 96%
Foods——
Am Sug Rfg 66%
Becehnut Pkg 63'-
California Pkg... 71% 71% 71% 72%
Canada Drv ... 72 s * 72 s * 72% 72%
Corn Products ..107% 107% 107% 107'/*
Cont Bak A.... 3674 35% 36 36%
Borden 82 81 81 80%
Cuban Am Sug.. 7% 7% 774 ...
Grand Union ... ... 18%
Grand Union pfd 4314
Jewel Tea 53 53 53 52%
Kraft Cheese.... 47% 4774 47% 52%
Kroger 39 39 39 38%
Loose-Wiles .... 68*4 67% 68% 66%
Natl Biscuit 89% 89 89% 88%
Nat! Dairy 55% 55% 55% 54%
Purity Bak 73% 73% 73% 73
Loft 4% 4% 4% 4%
C.en Foods 53% 53% 53% 5274
Ward Baking 8.. 13 12% 12% 13
Tobaccos—
Am Sumtra 16% 16*4 !6% 16%
Am Tob B 23974 238 % 239% 236
Con Cigars 53%
General Cigar 58%
Lig A Meyers ..111% 111 111 110%
Lorillard 25 s * 25% 25% 25%
R J Reynolds.. 54% 54% 54% 54%
Tob Products B . 4% 4% 4% 5
United Cigar St 7% 7% 7% 7%
Schulte Ret Strs 11 10% 11 10%
Air Management Retained
Bv United Press
WILMINGTON Del., April 11.—
The battle for control of National
Air Transport Inc. ended today
when it was announced that the
present management was retained
by a large majority.
PORKERS SHOW
STRONGER TONE
AT LOCAL PENS
Cattle Trade Dull to Weak;
Vealers Steady at
sl3 Down.
April Bulk Top. Receipts.
3. $10.354410.65 $10.6a 2.000
8. 10.354710 90 10.90 3.000
7. 10.55-810.90 10.90 3.000
8. 10.55 '-r 10.85 10.90 5.000
9. 10.40 310.8i 10.85 5.500
10. 10 2041 10.65 10.65 4.500
11. 10.454t.10.75 10.75 4,000
Hogs showed indications of
strength during trade today at the
Union Stockyards. The market for
the most part was 10 cents higher.
The bulk. 160 to 275 pounds, sold
at $10.45 to $10.75. Top price was
$10.75. Receipts were 4,000; hold
overs, 539.
Cattle were generally dull in all
classes with a lower tendency. Re
ceipts were 500. Veals held steady
at sl3 down. Calf receipts were 700.
Sheep were steady, with spring
lambs at $13.50 to sls. Receipts
were 200.
Chicago hog receipts were 15,000,
including 5,000 direct. Holdovers
were 5,000. The market held 10
cents to 15 cents higher than Thurs
day’s average. A few loads of choice
170 to 200-pound weights sold at
$10.50 to $10.60; 230 to 240-pounders,
$10.30 to $10.35. Cattle receipts were
1,500; sheep, 14,000.
/ —Hogs—
Receipts, 4,000; market, higher.
Heavies. 300 lbs. up *,n7nfin‘4s
250-300 lbs
Med. wts., 225-250 lbs }[email protected]
220-225 lbs 10.60.(^10.<5
ulm lets" no°-ifi 0 o 0 ibsf'::::::: 10 Aio.™
Light wts:: 160-200 ibs.:: •
Packing sows 8.25® 9.23
—Cattle-
Receipts. 5,000; market, steady.
Beef steers. 1.100-1.500 lbs. s „
good and choice *
Common and medium [email protected]
Beef steers. 1.100 lbs. down. ~n nfil47s
good and choice 12 0047 14.73
Common and medium . ...... 9.0047,12.00
He and S ch ß oi2e lbS - doWn .\??? d .... [email protected]
Common inVmedium 7.00^11.50
Cows, good and choice
Common and medium Hx
Lower cutter and cutters 4.i5@ 6.53
Stocker and feeder steers. ....... ,
good and choice 1 ?‘nnlooo
Common and medium [email protected]
- —Vealers —
Receipts IPO; market steady.
Medium and choice * ®-®o® l 2-99
Cull and common 5.50@ 9.C0
—Sheen —
Receipts, 200; market, • steady.
(Wooied basis)
Lambs, good and choice $ 9.00@ 9.75
Common and medium 7.50®
Ewes, medium to choice S> 5..5
Cull and common 2.00@ 4.00
Other Livestock
Sin United Press
CINCINNATI, April -ll.—Hogs—Receipts,
4 000, including 2.200 direct; held over
170- market active; butchers 160 lbs. up,
10c higher; lightweights and sows steady;
bulk good ana choice, 160-230 lbs.. $10.75;
desirable 250-270 lbs.. $10.4045)10.50;
around 300 lbs.. $9.85; bulk 120-160 lbs..
$10.25; pigs. 90-110 lbs.. $9.2547 10; bulk
sows, [email protected]. Cattle—Receipts, 155;
calves, 200; quiet, steady: a few slaughter
steers and heifers. [email protected]; common
kinds lower: beef cows, $7.2545 8.50;_ a few
$9- low cutters and cutter cows. $3,254/7;
bulls. [email protected]; vealers uneven; few
choice. sl4; no criterion; bulk good and
choice, sl3; under grades semi-demoral
ized, common and medium, $745)10.50.
Sheep—Not enough to make a market;
quoted steady; outlet* extremely narrow;
choice shorn lambs quoted $9; strictly
choice, 40-50-pound spring lambs, sls;
choice light ewes, $5.
B.u Times Bvecinl
LOUISVILLE. April IL—Hogs—Receipts,
700; market 10c higher; 300 lbs. up, $8.85/
225-300 lbs., $9.90; 165-225 lbs., $10.50;
130-165 lbs., $5.70; 130 lbs. down. $7.70;
roughs. $7.15; stags, $6.55. Cattle—Re
ceipts, 100; market steady; prime heavy
sters, $1145)12; heavy shipping steers, $lO
45)11; medium and plain steers, $8.504110;
fat heifers, [email protected]; good to choice
cows, [email protected]; medium to good cows,
$5.50416.50; cutters. [email protected]: canners,
$3.50454.50; bulls. s6@B; feeders. $845 10.75;
stockers, $7.5045)11. Calves—Receipts. 200;
market steady; tops, $10.50; good to
choice. $8.5045)10.50: medium to good, s7@
8.50; outs. $6.50 down. Sheep—Receipts,
50; market steady; ewes and wethers, $9.50
4710; buck lambs, $8.50459; seconds, $8417;
sheep $4,504; 5.50. Thursday’s shipments:
Cattle, 89; calves, 105; hogs. 137; sheep,
130.
Bp United Press
CLEVELAND t O.. April 11.—Hogs—Re
ceipts, 1,300; holdovers, 85; mostly steady;
spots, 5c higher; sows and stags, 25c
lower; medium to choice, 160-210 lbs.,
$10.604110.85: deck, $10.90; 220-240 lbs.,
$10.60; 250-300 lbs.. $10.40; over 300 lbs.,
$10; pigs, $10.2545 10.50; rough sows. $8.50;
stags, $6.50. Cattle—Receipts, 200: draggy,
25c; more lower on steers and fat cows,
around t10.25fii11.25; common to medium
steers predominating; cutter to good cows,
$6458.50; calves, receipts—, 300. steady at
week’s downturn; medium kinds mostly
$1045)12; better grades upward to sl4 and
above; culls downward to $7. Sheep—
Receipts, 500; steady; merely good clip
pers, $8,504(8.75, choice absent; cull to
medium, $5.5047.7.25.
Bp United Press
TOLEDO. 0., April 11.—Hogs—Receipts.
600; market, s@loc higher; heavies, $9.50
4710; mediums, $10.?54(10.50; yorkers, $lO
45)10.25; pigs, $1047 1 0.15. Cattle—Receipts,
light; market, steady; calves, receipts,
light,; market, steady. Sheep—Receipts,
light; market, steady.
Local Wagon Wheat
City grain electors are paying $1.06 for
No. 2 red wheat and SI.OO for No. 2 hard
wheat.
James T. Hamill
& Company
BROKERS *
Tndfanapolla
MEMBERS
Chicago Stork Exehaaa*
Chicago Board of Trade
Indianapolis Board of Trad*
Associated New York Cnrb
' 203
Continental Bank Bldg.
Tel. Blley *49.3—Klley *4M
We offer
American Loan Company
VOX-TAXABLE
NON-SPECULATIVE
7% Preferred,
and
Common Stock
An attractive 7%
investment plus
the common
stock participa
tion in the net
1 earnings of the
company.
UMPHREY & HARTZ
347 Bankers Trust Bid;.
LI ncoln 8439
Business and Finance
Bu United Press
NEW YORK, April 11.—Unfilled
orders of the United States Steel
Corporation increased 90,905 tons
during March to a total of 4,570,-
653 tons, it was announced here
Thursday.
Unfilled orders as to Feb. 28, 1930,
were 4,479.748 tons compared with
4,468,710 tons on Jan. 31, and 4,410,-
718 tons on March 31, 1929.
Edward R. Berry, vice-president of the
Inland Utilities, Inc., in a letter to stock
holders. reveals that since the date of
consolidation, June 20. 1929. the developed
gas acreage of the corporation has in
creased from 13.541 to 15,298 acres. The
number of producing gas wells has in
creased from 136 to iSO and the estimated
natural gas reserves have gained from
53,000.000,000 to 58,000.000.000 cubic feet.
Property values have risen from $6,154,
000 to $6,767,738.
New York Merchandise Company, Inc.,
has declared the regular quarterly divi
dend of $1.75 on the preferred stock
payable May 1. to stock of record April
21, also 50 cents a share on the com
mon, payable May 1, to stock of record
April 21.
Schiff Company reports sales for March,
1930. totaling $652,867 against $777,808 in
1929. a decrease of $124,941 or 16 per
cent. Sales for the first three months of
the year totaled $1,748,009 compared with
$1,535,228 a year ago. an ncrease of $212,-
781, or 13.8 per cent.
Total sales of twenty-six of the na
tion’s leading chain store systems ag
gregated $124,248,568 for the month of
March, a decrease of $10,661,703 com
pared with the total of $134,910,2*1 re
ported for March 1929, according to
figures compiled by George H. Burr &
Cos., specialists in chain store securities
and financing. The total sales for
March, compared with the correspond
ing month of the previous year, make
a less favorable showing than has been
recorded in recent months, due to the
fact that the Easter business of the
chain store system, which is always
large, was experienced in March last
year, whereas Easter falls in April this
year.
March automobile production is esti
mated at 400,000 according to reports sub
mitted to the directors’ meeting of the
National Automobile Chamber of Com
me-ce The chamber states that in view
of the earlv date of the meeting, data
is incomplete and subject to revision.
The total is 18 per cent higher than
February production, and 36 per cent
lower than the total of March last year.
Robert W. Woodruff, president of the
White Motor Car Company, was elected
to the board of directors.
Wil-Low Cafeterias, Inc., reports net
earnings for the six months ending
March 31, the first half of its fiscal
year, of $200,150, after allowance for
amortization, depreciation and taxes.
After preferred dividend requirements,
the balance available for the common
stock was equivalent to an annual rate
of $2.32 per share.
Announcement Is made that Leon D.
Pierson and Fred J. Young have resigned
as vice-president of Yeager. Young A
Pierson, Inc., and that the corporate name
has been changed to H. C. Yeager A Cos.,
Inc.
The trend of corporate financing away
from stocks and toward bonds, which
Which Would
You Like To Have?
9
American Gas dt Electric Company
American Light & Traction Company
American Power & Light Company
American Superpower Corporation
r American Telephone & Telegraph Company
American Water Works 8b Electric Company, Inc.
The Brooklyn Union Gas Company
Columbia Gas dt Electric Corporation
Commonwealth Edison Company
Commonwealth 8b Southern Corporation
O&Tsblidated Gas, Electric Light 8b Power Cos., of Baltimore
Consolidated Gas Company of New York
The Detroit Edison Company
Duke Power Company
The Edison Electric Illuminating Company of Boston
Electric Bond Sa Share Company
Electric Power 8b Light Corporation
Engineer# Public Service Company
Federal Light 8e Traction Company
The Hartford Electric Light Company
International Hydro-Electric System
Lone Star Gas Corporation
Long Island Lighting Company
Middle West Utilities Company
Montreal Light, Heat 86 Power Consolidated
Mountain States Telephone 8s Telegraph Company
National Power 8b Light Company
Niagara Hudson Power Corporation
The North American Company
Pacific Gas 8b Electric Company
Pacific Lighting Corporation
Pennsylvania Water 8b Power Company
The Peoples Gas Light 8s Coke Company
Public Service Corporation of New Jersey
Public Service Company of Northern Illinois
Shawinigan Water 8s Power Company
Southern California Edison Company
Standard Gas 8s Electric Company
The United Corporation
The United Gas Improvement Company
United Illuminating Company (New Haveti
United Light and Power Company
Utilities Power & Light Corporation
Western Massachusetts Companies*
You can invest in all these companies
through the medium of one security
UNITED STATES ELECTRIC LIGHT & POWER SHARES, Inc.
TRUST CERTIFICATES, SERIES B
Gurrent Market $13.25 Per Shan
(Subject to Change)
Fletcher American Company
AFFILIATED WITH
THE FLETCHER AMERICAN NATIONAL BANK
was apparent in the first two months of
the year, was even more striking in
March and for the first quarter of the
year, according to the Standard Sta
tistics Company of New York. March
financing by the sale of stock totaled
$248,70(1.000, or less than 40 per cent of
the $645,600,000 sold in March. 1929.
Bond offerings on the other hand
showed an appreciable Increase, the cur
rent figures being $595,100,000 against
$481,000,000 for the corresponding
month last year. Total financing in
March at 5813.800.000 was only 75 per
cent of the 1929 month.
AU first quarter production records
were broken bv Frigldaire Corporation dur
ing the first three months of 1930. ac
cording to E. G. Biechler. president and
general manager. More men are being
employed than ever before at this lira* of
the year, he stated.
In the Stock Market
(By Thomson & McKinnon)
NEW YORK. April 11.—With the
knowledge of the large new bond
flotations in process of distribution,
from the small increase reported in
the brokers' loan statement, we may
conclude that the stock market has
not increased its credit demands.
Instead of distribution by so-called
strong hands, we have fairly good
evidence here of outright buying by
both large and small investors.
Total borrowings against all listed
securities amoimt to slightly more
than 6 per cent. Consequently, we
are warranted in thinking there has
been no overspeculation, at least to
a point calling for any change in
the federal reserve policy. The
steady influx of gold, along with
the ratio of reserves above 80 per
cent, as imparted in the statement,
insure a credit base that will easily
permit greater expansion and at
the same time allow for enlarged
demand to follow any increased
business activity. We have a rea
sonably good budget of trade news,
although there is nothing particu
larly startling. There is. however,
one discordant factor and that is
the copper situation. Within a day
or two we may have an unfavor
able statement of statistics, reveal
ing an increase in refined stocks,
probably as much as 30,000 tons,
which will be added to an already
large amount of unsold copper. It
is intimated that one of the lead
ing copper companies may at its
next meeting reduce the dividend
unless there is decided improve
ment, which appears rather im
probable. We are inclined to sug
gest that it may be a good policy
to switch from coppers to oils.
Eliminating the copper stocks and
perhaps a few miscellaneous ones,
we feel that the general market
has not yet run its course in the
upward trend.
PAGE 29
BRITISH RECTOR
OPENS SALOON
TO HELP POOR
Children’s ‘Pub’ Where
They May Drink Milk
Also Operated.
RY WALLACE CARROLL
United Fres* Staff Correspondent
LONDON, April IC—The Rev.
Basil Jellicce, cousin of the famous
British admiral, has founded a
“model public house" in the heart
of London's slums, because he be
lieves beer and wine can play a
part in bettering the lot of the poor.
Around that “pub,” known as
“The Anchor,” Father Jtllicoe is
developing a slum clearance scheme
that, is amazing in its scope, for it
entails nothing less than transform
ing one of London's poorest districts
into a “garden city.”
Saloon Keepers’ College
Among the projects upon which
he is working are:
A college of publicans—or saloon
keepers—which will train you/g
men to take up the office of pub
lican as a profession.
A children’s “pub” where the kid
dies can have a glass of milk while
father and mother are having their
“drop of ale.”
The garden city, a block of model
flats for the poor, with inclosed
courtyards, gardens and play
grounds.
“People always imagine there %
mysterious craving for alcohol
among the poor.” Father Jell: je
said. “The truth is that there is a.
mysterious craving for companion
ship in every human heart.
Crave Companionship
“The liquor problem among the
poor closely is related to the prob
lem of overcrowding.
“With an entire family living in a
single room, it is impossible for
them to meet friends and to satisfy
their need for companionship.
“The only place they can meet is
the public house. That is why it
is important that the ‘pub’ should
be a place to which the entire
family ca ncome—women and chil
dren as well as men.”

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