The Indianapolis News from Indianapolis, Indiana • Page 32

i in 14 THE INDIANAPOLIS NEWS, THURSDAY. AUGUST 21, 1930. TRADING IN STOCKS MAINLY BY PROFESSIONALS DEADLY Klffi) f.ME CHIEF HEADWAY Most Orders Originate Floor Operators. With CALL HONEY RATE AT 2 Average Prices of Stocks 1990. Ann st Prrooue lx.

Week ao Month mo Vesr ago 2 yeare 3 rear Hlgo IIP30 Low High U2 low fiy Standard Statistic Co.) 20 20 40 India. Cta TotaL 13.0 11S. tl7.t IfiiJK 142.1 IIS 214.0 f4.7 157.0 117.8 208.1 160.0 167.7 124.7 226 171.3 242.1 159 322.4 342.6 122.1 154.7 15.0 132.1 121.3 117.7 128.0 202.4 141.6 2S1.3 20S.S 149.6 116.4 204.7 1M.O 252 8 167.8 353.1 253 5 14 1 3 117.7 156 6 14QJ NEW YORK. Auguxt 21 (AJ.) The newest baby bull market ran Into degenerated into a contest for control vi uw price mcTement oetveen opposing: troops of professional traders, with the bearlshlr Inclined making the better score. Most of the orders originated with floor traders, and neither selling or Jturmg appeared In any appreciable Tolume from what Wall street call the bezt people." meaning large investors and Important banking Inter ests.

Tracing again was stagnant Bears succeeded in puncturing a few f.ztt spots In the price fabric, par ttctlarly in the, rails and specialties. Msst of the pivotal sharea fluctuated within a range of a point or less from mil cb mi nignxs ciosin lereu, witho few oreaxs ox several points. The safety razor stocks again jnored vulnerable, both OUlettc and Autoetrop losing more than 7. Ralls penerally declined 1 to Southern IUilTay reaching the lowest price in Veara Tlllnnla th, lw. est In fire, and Baltimore Ohio the lowest la four.

Shares declining to 4 points Included Vanadium. West lnghouse Electric, Eastman. Auburn, American Tobacco National Bis CUlt. Ah Reduction and AmwViti Smelting. Losses of a point or so cmoncca most ox ine xmporiant stocks by early afternoon.

"Bear Prapaganda. What was characterized in many quarter as "bear" propaganda ap peared in the form of various un confirmable rumors one having to do wiin me financial condition of an important company. Into which prom inent bankers recently have placed several millions after a thorough in veatlgatlon which they, say convinces them that the concern ts in a sound and promising condition. Publication of the results of a poll of the country's bankers, slewing two thirds looking for good business by October, was used as a bull argu ment in sending stocks temporarily JUgher in the morning. A private survey of business prospects made for the officers of one of the world's larg est banks is said in banking circles to have indicated that signs of improvement already are apparent, and that business will return to normal early next year.

A private survey conducted by a nation wide utility system has also resulted in similar conclusions. The figures for electric power con sumption for the second week of Au gust were a little disappointing. Seasonal trends would indicate an in crease. In the rail July earnings re ports. Nickel Plate made distinctly unfavorable showing, owing to the slackness in the motor industry.

Chesapeake Ohio, however, showed only a moderate decline from last year. Reassuring Factor. President Parish, of Humble Oil. ald no general crude price reductions were in prospect, in connection with an announcement of a minor reduction in the Texas crude purchasing schedule. This was somewhat reas sunng after widespread predictions to the contrary in speculative circles.

The amusement shares were active features. Warner Bros, was a soft selling around' its minimum. Large buying orders In Radio Keith brought a moderate upturn there, one transaction being for 14,000 shares, and Loews gained 2 points. Call money renewed at 2 per cent. for the first time since August 11.

and was available in the outside market i. at lt per cent, Easy money is ex pected until the Labor dsy currency demands of about $79,000,000 make themselves felt. ORDERS MATERIAL FOR $2.500,000 PIPE LINE YOUNOSTOWN. August 21 (AJP.) The Central Public Service Corporation has placed an order for 35.000 tons of elghteen lnch electric welded rjpe with the Youngstown Sheet and Tube Corporation, involving more than 12,800.000. which is to equip a 280 mile natural gas pipe line from eastern Kentucky to central Indiana to aerVf industrial consumers.

INDUSTRIAL REPORTS too iul hall )aat year. 1 Fisk Robber Company reports net of S1.651.82J fur the firM half of 1930 against of $236 713 In the comparable period of 1929. The balance sheet 00 Juno Si (how current ameta nf S21. 61 7. 586.

and current ItabilMie. rlnstro of 6 per cent, note of $1,952. fc61. Vanadium Corporation and ubatdlarte reports first hail net income, amounting to St.250.237, ecual to S3 30 a ahare. romparet to $1.177 688.

or S3 IS tn the lrt halt last year. A aubatanUal portion of th eammg report, bowsrer. is of a Ronrwurrlnc character acrruinr from transaction In th eonapanr' own so that actual operating profit showed a reduction fron tho similar period a year aro. Phelpe Dodg Corporation. tredocr of copper, tead, s41ree and a oki, reports first Hait profit of S1.062.TO7.

equal to 64c a aharo, compared to S4.4S1.497, or $2,2 Rarnet Lesthee Company for the quarter nted Juno 30 report a net losa of $47. 4 70. agaiert a net looa cf $384,818 la I be corresponding parted last year. Foreign Bank Statements L0XDO9. August 21 Tha weekly alatetnent of Um Baal ol England shows tha following change, la pounds: Total yewerro.

increased 6.848.600: circulation, decreased ASS.OOO: buUioa. Increased other aecorttie Increased 1.940. publlo deposits. Increased R.769.000: ether deposits, decreaaed 5.013 .00: note reserrs, increased 6.8W.OOO; fOTomment ecuritie. decreased 4.

975. OOO, ho proportion of th bank reserre to llaNUly la 48 06 per compared with 41.53 last week. Bato'd discount, a par PARIS. Augnet 21 AT.) Tho weekly iatemeot of tha Bank of Franco show th following chaerea. la franca: Gold.

In creased S96.000.o00; sight balance abroad, decreased 9.OOO.0OO; bill discotint at bona, decreased 134.000.0OO hills discounted abroad, decreased 25.0O0.0O0; adrancea. flecseased 37.000.000; ctrcula tion, decraaaed 92.0t0.ooO; current ac counta, increased 35.000.000. Kat oi dia eoun 3 per cont. Appelated Reeetrrr far Wire lea Ca, BUFFALO. Autuat SI A.P.I United ataw District Juo John R.

Hazel today .1 appointed th Trust Company pn mary receiver of th Universal rVireles Communications Company. Inc against which an involuntary petition tn Dank yuptey waa tiled oa July 29. Samnel How ard, Chicago, was named ancillary receir ext The Unlrorsal control tony war length allotted by the federal radio com mission. 1 NEW YORK STOCK QUOTATIONS IB liUfitii Open. ADacbaay 20 A O.

C.sV 46 Chi. Altos 3 Si Peon 72 So Southern S0 18 WttUnf. Elec. 14 stabber rUk Robber 1 Goodnck 23 Goodrear 63 Ally 8pld. 3 Auburn ......110 Cfarrster 28 Gardner 2 Gea.

44 Hodsoa 30 Hapraobil 13 Nub 33 Packard 13 Mode baker Willy Ot. MOM Bendix A Brifsa Coou. Motorok Eatoo EL. A a to Kelaey Hay. Mo: Una Bnrrar Miatoc Am Am.

AMeood Alaaka Jvtno. CaJ. A HecU. Cerro iMPaaco. Kreeport Te lot.

KeoaocDU Mun Mtaast Ftul. Tex. Gulf sol. U. 8.

OH AUnU! Bei. BaraodaJI Coot. OU Del. Hooatoa lodiaa Indlao Mex. 8ebrd.

PhlJlipa Pet Fete Piereo Prairie Plpo L. Pratno O. A G. Pure Oil Rietafield Bw Koral 8heU Simmi Pet. KiDcIair Skellr CM) Sua.

Oil N. T. 8tM. OU Cal. Stan.

Oil 9. J. Stan. Oil Kaa. Superior Tesaa Co Tesaa Tidewater A mo.

Traoa. tla Am. Eoll. Kin. Bethlehem A.

M. Culorado Foe! Newton Rep. I. A Superior U. S.

Pipe U. 8. Tobacco Am. Tob, B. Uf.

A M. B. LoriUard Reynold a rilBtleo Abitlbi Power. Adorn Eipmt Am. Por.

Pow. 29 23 34J' 21 3 22 69 29 11V 15 30 66 46 146 45 42 21 34 31 15 16 57 20 22 lS 80 21 11 22 23 32 34 20 15 18 48 15 20 23 28 71 62 70 82 18 56 80 70 48 34 34 14 32 166 91 251 97 23 60 23 25 71 Am. T. A ..212 Col. Gaa A 6H Common.

So. El. Pow. a L4 Gen. Pub.

8err. Oil. Hy. EW. Int.

T. A 13 AH 35 37 45 KcKiaaoal August 21 for Vint Tare Hoar Traola, Hin. 21 Low. 20 BUSINESS BRIEFS Steel Car. 21 oo 18 18 18 145 144 145 23 22 22 oooo 110 109 109 44 44' 44 30 30 30 ii 13 23 22 23" 31 30 31; 21 21 21 3 3 3 69 69" 69 is is" ii' OOOO 46 45 46 45 45 45 2i 2i 21 34 34 34 23 22 22 1 19 1 60 fcO 60 ii ii ii 22 21 2 32 32' 32" oooo ooo ie ie 48 48 48 15 15 15 23 22 23" 71 70 70 7i" 70 7l" ooo ii' ii ii' 18 18 18 34 32 168 91 251 50 26 71 213 33 32" 167 90 251 97 22 60 25 70 211 68 68 87 45 37 45 33 32" 168 01 251 98 23 60 28 213 68 37 45 T.

V. Hoffatot. president of Preaaed Sleel Car Company, says that peimim apparently ia wanting and mma of the railroad alreasty have started on repair programs. add that while there were many Idle ear at present, many hare greatly depreciated and that when car loading pick UP many thousands of the car wUl be In lino for replacement. St.

Loola oothweter. Hals Holden. chairman of tho board cf Bra trie Creaaaery. Stockholders ot Liberty Dairy Product Corporation, of Pittsburgh, approve the trrros oa which Be trie Creamery Company wtU take orer the aaeet a ad business, one har of Beatrice preferred stock for each bar of Liberty Dairy Products preferred and on snare of Beatrice common for each thre and one half share ot Liberty common outstanding. The acquisition marka Beatnc Creaaaery Company's entrance tnto the eastern field.

Liberty Dairy Products has six modern pasteurized antik and ic cream plants and eleven country recWrtng and manufacturing plants, and serves a population ot more than 3 000.000 a radio of fatty mile ot Pittsburgh. Plata Gtaa Prw4nctin. Production of polished plate rla July totaled 8 326,176 square feet compared to 0.12K.216 ia June, and 13 057 93 in July last year, the plate glasa manufacturer ot America report. airt Cosspaar. Tha Save! Com pan ha brought tn a new oil field on it eztenaive natural ra holding in Nueces countr.

Texas for estimated first producuon ot 2 OOO barrels ot oil from a depth ot 4 30 feet, first oil producer in tho field where cosnpanv ha large ga producuon. although lour gss we lis complete) saowefl traeeo i otL The new field Is about thirty Irom Vim celebraled Rfugia field, which CUIItleo 5 at. Pow. A 45 North Amer. .100 Pc.

O. E. 54 Pac. UchUsc. 76 PirelU Co 40 Pub.

8r. J. 92 So. CaJ. TAi 65 Staod.

G. a E.100 United Corp Unit. Gaa 1m. Ct. P.

L. A' hhlptas Am. Int. Corp. Am.

Ship A C. Cnited frail Beatrice Borden Co. Coal. BaX. Gen.

Grand Cnion Gt. W. Sorar. Jewel Te Krocer Gro Nat. Nat, Dairy.

Purity Bk. Stan. Br Weoo Oil. Drosa Coty. Idc loe.

BaiUDnx m4 Am. Crtotex Holland John Walworth Warren Broa. ladovtrial CtteaaieaJ Air Bedue. 118 Al CbnicaJ 22 Am. Com.

Ale 13 Colum. Carb. 135 Coml SolT 25 Ld. Retail Mom Beat A City Store X7 a May Pep, Mont. Waru Nat.

Bel. Heu. Sbattuck Scoulte Re. St Seara Koe. Woojworth Apparel Beldmr Hem 4 Ajpo nieota Brun B.

1 8 Col. Graoh 13 Kant 2 12 Tux Film A 43 Gen. The, Eo. GniriyKjr. Kolater Radio Para.

Famoua Pat he Radio Corp Ra. Keith Or. Shohert Th. Warner Broa Heuefeota' Am. Ioe City Ic ft ru.

Conroleum KelTtnator Maytac Prcxv A Mam ft rrel Corn Simmona White Sew. M. Mlaeeluuteooa Atha Chal Am. As Ch Am. Can.

Auto Stron. A nation Corp. Bu yr. Erie Bur. Add.

Mech Caterpil. Tr Cae. J. I Chi. Pneu.

Col. A Aik Com. Credit. Cont. Can Curt me Wright.

C. Wncht A. Dariaon Chem. Glidden Gen. Refractory Gillette Int.

Nat. Cash Ohrer Farm. Rem. Rand United Airtraft. Invetitinent Cont.

Share. Lebm Corn tuni wi Ex dividend. 30 36 32 33 1 85 76 77 24 54 15 17 50 24 82 63 62 19 24 18 79 Rraltr S5 13 32 92 27 52 74 30 14 70 2 58 4 40 32 16 26i Prodoeta 32 40 11 15 10 73 6, 24 4 producing both oil of aeparalo lerela. by the Interstate commerce commlasion to tng period lako a seal on the board of director of the St. Loula Southwestern system.

The Southern Pacific lately announced its purchase of control of the SI Louis Southwestern to the sanction of the commission, which it 1 now seeking. Motion rtctnra Theater. Cooler weather is said to bo bringing a much improved attendance to moring plc tur theater. Those ouallfled to Judge say that tho character of the new picture this season appears to he nusually attractive. Better feeling expressed orer the earning of the better amusement companies for the rest of tho year.

American Glae. A special meeting of stockholder of the American Glue Company will be held September 4 to rote on a proposal to sell the gelatlno plants and business of the romps nv to th Eastman Corporation, an Eastman Kodak Company aub aidiary. for 2.3O0.OOO. National Railways. Mexico.

Luis do Oca has been re elected chairman of the board of directors of the National Railway of Mexico. General Juan Andrea A 1 as an secretary of communication, waa re elected vice chairman Xarier Sanchea Mrjorado continue aa executive president. HasakU OIL Although Bumble Oil and Refining Company baa reduced its posted price tor one Crado of crude oil 25c a barrel, meeting the priro posted by Houston Oil Company, no general reducUon tn crude prices is contemplated, th president of Humble Oil say Th new posted pric affect less than 6.000 barrels of crude dally. RepablU SteeL B. T.

Fairies, executive eteo presldnt of Republic Steel Corporation, say that sentiment tn the steel industry for the near future shows an Improvement, but thai actual tonnage advances ot Importance ara alow in aaalcrialixing. Cat Saaar Price. The Groat Western Sugar Company ru the pric of beet aucar to a IOO pound, the lowet. with one exception, in the hUtory of the concern. Cane sugsr is selling tor $5.27 In Denver.

Chlosgo Stark Hetlday. Th Chicago Stock Exchange will be closed Saturday. August 30. and Labor day, Septembrr 1. the governing committee announces.

The Chicago Curb Exchange also wtU close. Coaserv Cash. J. C. Tan Eck president of the Shell Cnion Oil Corporation.

ays the decision to omit tho common dividend reflected the decreased earnings of the company, partly aa a result of tho company' curtailment of production In conformity with "widespread policie which are being worked out in th Interest of conservation and stabilisation of too mdustry. sod portly as a result of unsatisfactory price condition prevailing in markets ui which the company ia selling it products He added that although after making "its usual conserfaliv reserve for depreciation" the company ia at present operating on a profitable bau. ihere is as yet no indication of an early recovery or improvement of unsettled conditions pre'aiUng in the industry and for that reason it ia considered prudent to conserve cash resources so that the company rill hare ample resource to continue to the fullret extent Its normal prorratn of rierelopmect without need ct farther financing." 46 45 45 100 99 99 54 54 S4 77 76 77 92 92 92 l6i" 100 100 32 31 31 33 33 33 a 77 77 77. ii" 54 si" a 24 24 24 82 81 81 53 63 53 63 62 63 19 19 19 79 79" 79 25 25 25 93' 92" 93 62 52" 52 Tl8 118 118 264 262 264 138" 135" 13S" 25 25 25 75 74 75 4 Ov 6 125 126 125 126 42 'i 3i 32 32 32 9 oa 36 6 6 6 6 63 62 63 58 60 59 60 i4 i3 ii" 112 209 212 43 .42 43 31 30 30 14 14 14 71 70 71 59 68 59 4 4 4 41 40 41 33 32 33 17 16 17 26 25 25 16 74 25 4 Iod oat rial 64 .127 67 5 36 34 56 1M7 14 65 7 9 26 1 78 46 28 27 69 Trt 21 A Trl Cont. 12 Transamerica IIS 65 128 67 34 56 190 16 55 7 9 27 15 73 74 80 47 7 60 15 73 24 4 54 127' 65 34 55 187 14 55 7S 8 26 14 73 69 78 46 27' 59 21 21 21 15 74 25 4 55 127 65 34 55 1S9 15 55 7 st; 27 14 73 69 1 79 47 27 69 21 21 21 and saa from a series Rhoo Company OtaaolTe.

A certificate of rolurjtary dissolution of mailed to the New Jersey secretary of state by counsel for stockholders. (Company of trials said it is not financial reure. but the outlook wa not sufficiently promising for the company. Liquidation la expected to start immediately. the Southern Padflo ayaUm.

1 permitted 1 rent, from Office Equipment. First half earning of office and equipment companies already reported showing a decline of 25.8 per earnings for the correspond last Tear stirrer conducted by Standard Statistic Company ahow. The surrey points out that the larger Jart of the decline waa sustained in the une quarter Commodity Price. The various change in price of Individual commoditiea in tho lat week failed to disturb the wholesale price Index fcU.3 per the National FertlUxer Association report. Of the fourteen groups four declined, three adranced and seTen showed no change.

Twenty three commodities adranced and a like number declined. A year ago the index stood at 97.8 per cent. Chirac Rtoek Exchange. The quotation ticker aerviee of the Chicago Stock Exchanre will bo extended to Denrer. San Francisco.

Oakland and Los Anreles September 2. This rives circuit connection from cost to coast, the first time a stock exchange outside of New York ha made such a nation wide hookup. American Zlne. Stockholders of the American Zinc Lead and Smelting Company hare voted to change the authorited common stock from 200.000 shares of $25 par value to a like rum tier of no par shares nd to increase the capital stock by the addition of not more than SOO.OOO no par sharea. METAL PRICES NEW TORE, August 21 (A Copper Quiet: electrolytic, spot and future, 11c.

Iron Quiet, unchanged. Tin Steady: spot and nearby. 30 OOc; future. 30 25c. Lead Steady: spot New York.

5 50c: St. Loui. 5 35c. no Eacy: St. Louis, spot and future.

4 30c. Antimony 7 75c. Bollder' So nolle. Dimensions 2x4x12 to 16 feet. $40.00: 2xexl2 to 16 feet.

$40 OO: 2xSxl3 to 16 feet. $4 00: 2x10x12 to 16 feet $40.00 2x12x12 to 16 feet $45 00: 18 to 20 feet. $4 00 more. Board 1x4 No. 1 common $60 00: So 2 eorajion.

17. Oil. lib No 1 common. $66 OO: No. 2 40 00: 1x8 and 110 No 1 common.

$75. OO; No 2 common 1x12 No 1 common $81 0O No 2 common $50 lV Finlub Clear yellow pine 6. 8 and 10 lr.ch $130 00 12 inch. $140 (0 clear redwood and 10 inch. $150 00: 12 Inch $16 00.

Droo Siding 1x6 clear yellow pine. $70 00: No. 1 common $61.00. No 2 outn men $45 00. Flooring 1x4 yellow pine clear.

$70 00 No 1 common. $81 OO: 16 yellow pine No 1 common. SOS.OO: No. 3 common $42 00 Mortar for Bricklayers Nor 1. preoared $2 50: red $3 50: chocolate brown $3 50: double atrength blsck $5 50.

Hydrate Lime Finish. 45c a sack masons. 40c a sack Shingle Clear red cedar, ft to $7 50 a 1 OOO Plaster and Ftnishe Stonewall No. 1 Neat lOO oound cloth aack. S5c: Mi can tucco.

100 pound cloth ack Superior plaiter pari SO nound sacks $1 10: der.tai plaster pari, pound sacks $2 5o pater 100 trroeefie. Indianapolis Wholesa'e Price) Spice White, whole allspice. 25c: mace. 5c: nutmeg. 60QS0c: pepper, black.

50c shot. 54c: white, 75c: ground ipurel pe pre. black. 40c: white 65c: cajecne. 41c.

flove. ground. 45c. Vinegar Cider, a gallon. 20c; distilled.

15c Sugar Granulated, a pound. 5 22c. Dried fruits Citron. 35c: evaporate apricots. 19T2c.

choice peaches. 10 22c a pound Tea Imperial 42 44c Gunpowder. 4S ft 70c Vcurr Gjon. 49u7tV English Breakfast, 42S5t. ba5et fired Japan.

42.SSc. Package Coffee Arbu kl Ariosa. C7c: Old Reliahie, 40c: T. P. i 40c; Maxweil House.

lol. 37c. 5ait Table, barrel, in 2 pooTd sack, common a barrel. JC.75; medium grade. 53 00 California Fruita 2 tj pounO can.

apricots. S2. 2534 tX. wh'te cherries, Go ix 5 00; sliced lemon clings SC 502 75: yellow free a $2.1 5 ti 3.35: Bartiett pea $3 60: egg pluma 52.75 3.00. Oysters No.

1. 5 ounce, regular. $15: 4 ounce. Sl.M. Shruno No.

1 can. $2.15 6 2.25 a dojen. VegetahJe No. 2 tomatoe. 51 35 3 1.65: No 3 tomatoes.

No. 3 extraa. $2.25. Mssceilaneous Mushroom. $36 r0 41 49.00 a case: ssparagus tip.

54 25ti4.75 i o. 1 wmte. S4.254 he meaium i.ao; o. 0. I CR.

marcs oth $4 50; salmon. No. 1 taM can 52 3 50: Lima bean No 2. 52 25 3 25 No. 3.

$1.25 1 35. string be (land ard. Vq. 3. il.

i. HOLIDAYS FOR STOCKS XEW YORK, August 21. The roTernlng committee of the New York Stork Exchange has granted the petition of members to close the exchange An gust 30, the Saturday preceding Labor day. The action assores the exchange of a three day holiday for Labor day. I Indianapolis Bank Clearings Clearin Dttala Anx.

21. '30. 0OO 6.722.0O0 Amer. Founders Corp com. Amer.

Founder Co ert Dref Am A Gen Sec Am A Gen Sec Am A Gen Sec 6 pet Dref. Amer Inr Truet American R. R. Trust Basic Industry Corp. Trust Share Br.tih Type Dir Trusu Share Dir TruMee.

Sharea iMr Trustee Share First American Corp Fixed Trust Sharea Fixed Trut Oil Share. Int Sec Cp of Ana com Int Sec Cp of Am Int Cp of Am 6 pet pref. Inr. Trust N. Leader of Industry Nation Wid North Am Trust Share.

Second Int Soc Second Int Sec Second Int Sec "B'' Selected Amer. Sharea Shawmut Bk Inr. Trust. Std. Oil Trust Share S.

W. Straua In. Unit. Sup Cp Am Sh "A Sup Cp Am Sh Truatee Std Oil Trustee Std Oil B'" C. S.

ft Brit Intl S. ft Brit Intl U. S. Elec. Lgt ft Pow "A V.

S. El Lgt ft Pow Am. 22. '29 $3 901.0Xt 6.529.0OO New York bank dearinr Thunday. S871.000.0OO; cleannr houee balance.

S138.O00.0O0: FerferaJ Referre Back crecii: balance. S120 Chicago bank clearing Thuraday. J73 700.000: balance $5 200 fXK). TREASURY STATEMENT WASHINGTON. August 21 (AP Treasury receipt for August 19 were $126,863,259.94: expenditure.

S112.3ol. 915.37; balance. $113 933473.93. INVESTMENT TRUSTS lb a. H.

Gibaoa A August 21 Col Bid. Ask. 10 10 89 14 16 3 5 4C 45 7 8 22 19 7 9 19 6 39 9 88 9 10 7 21 5 43 6 19 9 45 9 8 9 9 14 3 31 9 (By Thomson ft MrKlnnon) 8 8 9 23 19 8 9 "8 42 12 90 10 11 9 8 7 45 7 21 9 60 9 9 io 16 5 3n 10 NEW YORK CURB PRICES August 21 (Rang for First Tut Hoars' Trading! High. Low. Last.

Am. Gaa ft 131 130 131 Ark. Gas A 9 Asao. Gaa ft 30 30 30 Am. 22 21 22 Blueridge com 7 Con.

G. 113 113 113 Cities Service 27 27 27 Dubilier Condenser 4 Elec. Bond ft Sh 81 79 79 Am. Cyar.imil 21 20 20 okker Air 17 Ford of Can Ford of Eng 21 21 Fox Thealera 9 8 9 Gulf Oil 122 121 122 Gold Seal ESec 'Z Goldman Svu 16 16 16 Newmont Mining 84 Midwest 28 28 28 Noranda Mining 20 Pennroad Corp 10 10 10 Rainbow 10 9 10 Selected Indus 5 Stand. Oil of 49 49 49 Stuti Motor 1 I'ni.

Gas 'new 15 15 15 Unit. L. ft Pow A. 39 39 39 United P. ft 1 ri Vacuum Oil 80 79 80 CHICAGO STOCK PRICES IBy i.

T. Hamin August 21 Allied Motor Ind, Art Metal WorkV Asso Telephone I'til. Auburn Automobile. Banco Kentucky Bendix Aviation Borg Wamer buruham Trading pfd Castfe, A Cent Pub Ser Class A Cent ft So Went Chicago Corp Chicago Corp pfd. Cities Service Commonwealth Edison Continental Continental Chic pfd.

Cord. Corp Corp. Securities Electric Electric Research Lab, General Theateer Eq Great Lakes Aircraft. Grigfby Grunow Houdaille Hershey Inaull L'til. In.

In pfd 2d S. Jefferson E.ec Ubby McNeil Lion Oil Relinfng Co. Maj Household L't Marshall Field Mid. West Utilities Midland Intted war Mo Kas. Pipe Modine Nob Sparks Nirth Amer.

Car N. Am. Lt. A Pow N. ft S.

Amer. Corp. 1'ine Winterfront Seaboard It nares. Stone. ft wift ft Co Radio ft Tel I'tah Radio ruhiy ft Ind rti.Hy ft Ind Zenith R.vlio High.

10 23 110 16 31 28 20 42 1 1 3 i 14 44 22 40 30 14 5.s lu2 5:1 14 19 61 2 2 21 4" 3d 4 14 Co. Low. Close. 107 107 3o 2h 26 io 27 14 44 22 40 13 5h io 62 18 4H 37 28 2 21 44 35 Drag Prices. Indianapolis Whclesi'e 'cesl Carw acid 43c poun a id tan.

60c a round: a'crho'. de itard Roofing Material. Prt. Cervajnteed re square. 52 Ov Cert a'.

tee 4 shinties, a juar? J5 (j re ta.r: vidua! 5) g''ir. ze Ts inch iarse he i 1 '1 in IW saivamz' rr. 1 heai. 100 rocucd oofir.g ta.nie ak' crn cro 545 a r.t 3 so xheef.r.g sq js ur i ro 25 pru 1 4'1' 3 pesnd a rn! ur is 51 50; a deadening ff.t a 3ej a icu. pitch.

52 cW 6 30 28 27 io' 27 14 44 40 30 30 13 r9 5S 10' 52 is 41 38 28 2 21 45 3d' "1 5 it 5 2U 23 22 2.1 6 14 13 13 "3 2 i4 "7 7 7 RATIFY OIL MERGER Stockholders of both companies have ratified tho agreement to merge Lago Oil and Transport with Pan American IVtrol 1 rum and Transport and lh me rfr han en decla e. effectire August 1H. yr ter have tun" forward to to khulders of Lago. asking them to send in th ir in hang for Pun a.i to Lien stockholder are to re'etr. ot shar Pan American Class common lor every to shartd if Lago.

Ea)olnew From Sale of Serurltie. NEW T0RK August 21 A Th' New York state hurau of securities in no 11 nee that ft Ir.r firt Illinois Company of tne hemiia of both frrni ha 1 ben en; temporarily from futir a'e of urit' Indiriduas named were Wil'iam lard, chairman of the bo.irii cf the Wi. concern and H. F. Hrms, of the First Comri).

F.x&rr tion was set for Aurust CS Th burt au charceti that iriu. e'i client to exchange seosntt'S relia'e and weK managcl tinn' i cream at; to? worth Julie or tin 3c rocf r.g. 50 ba 4 roof 5 ri r. i 65c al 1 1 No 5 lo proof. a fa.Ion ho.

nnrloe'H $4 2514 75 a ga.irin 10c a t.o:iri'1 bay riira jom tic ol a ga'. on ir." bum li7il92 borix c.nud ammonia. 51c a pound vi: 73c a pound potash 73c a ut: i "cr ro jre 52 3'" a pc jr ca ome' 52 J2 a pound 54' a Vxl oil. 51 9" i ca: mc copperas Ijrrsp 2'. 10c po lrd cram cf tartar.

35 43c a po tormaldehjt 52 a ga: i. Ir.c.; gutr eiarhor ource Lim 51 ''4 round merru. $2 V) a pound c' siseafras. natural a pc.un 1 winterrree synthetic. 73c a pond.

a iodide 54 00 is 4 "2 a psom 3'210c a pou1? rze" 65' an ounce: g'acrier a 3 tX 1 pound soda bicarb. nt 3 1 camphor. 54 a ga.lon. technical. 7c STRENGTH OP RAILS IS AGAIN BOND FEATURE All in List Show Firm Undertone New Tops.

FOREIGN ISSUES QUIET Average Prices of Bonds 'CfTTrirt Standard Statitic Co Aurcat 20.... Preriou day. Week axo Month ico Year aen Two rears aro. Three rear aco Hirh il9.vn... Low 1930 1...

Hich 199 1 Low 1 1919 i New 1P30 hitis. 10 10 kd la. 94.n10S.3 94.0 108.2 93 93 5 91 8 94 8 as ft 94.5 91 9 9.S 3 9" 4 107. 107 3 IOI.4 104.8 107 10S 1 104 5 lOfl 0 IOO 8 10 Ufa 100 8 100.8 IOO.4 IOO 3 96 8 98.9 99 6 IOO 8 97 99 fl 99 .0 30 i Total I 101.O 101.0 IOO 1 100 .3 97.0 NEW YORK. Autrust 21 (A.P.V 1 1 Strength of railroad issues again was the feature of the bond market today, i while the entire list displayed a firm undertone.

A good demand for carrier obliga tions nns cameo, tnem steadily upward the last two weeks and their rise is largely responsible for the new high ground the market has reached In the averages. Prices are above 1929 and slightly under 1928. Interest rates, which largely govern the trend of bonds, are not expected in financial circles to show an appreciable firming until fall. Call money renewed at 2 per cent, today on the Stock Exchange, but was available outside at The offerings today Included a $2,630,000 5 per cent, gold bond issue by the city of 3ergen, Norway, the first foreign loan in some time, and a small municipal issue. The $13,540,000 4 per cent, water bond issue by the city of Denver was sold today to a syndicate and is expected to be marketed tomorrow.

Railroad obligations were the most active and generally firm in trading today. Advances of one point carried Chicago. Burlington fc Qulncy 34s (Illinois division) Atchison adjustment 4s, and Lehigh Valley construction 44s to new year's peaks. Pittsburgh, Cincinnati, Chicago St. Louis 44s were strong.

Cuba Railway first 5s, which have been steadily sagging this week, gained several points. Atchison general 4s were in demand and duplicated their 1930 high. Publication of Fisk Rubber Company's financial statement showing a loss for the first half of 1930. was rr fleeted In the 8 per cent, bonds, which dropped a rxilnt. Lonllard 5.

and Pacific Coast Company 5s were In demand, the latter rallying 2 points. United States governments were neglected. Standard European govern I rr.ents were quiet and firm. Roval Dutch 4s were well bought at the year's high price. NEW YORK BOND PRICES I By the National City Company Aurust 21 A (with warrants) 6.

Dec. 1. '40 A F. i without warrants! 6o. Dec.

1. "40 Alleghany Corp 5s. '44. Argentine fis. June 1.

'59 AuHralia 5. July 15. 55 Bel Govt 7s. June 1. 55.

Kraril 6 Oct. 15. Can Pac Rv 4s A 7. Sept. 16.

A 6. Oct. 15. "60. CftORI4s.

Oct. 1. 95 Chile Annl. '61 Chile Cop 5. Jan.

1. '47. Cities Ser 5 Nov. 1, 62 Con Pr 6s. Nov.

1. '52 ft adj 5s. 2000 ft 4. 1977 Cuba Nor 5. '42 Cxechonlovak Rt Oct.

1, '52 Finland 7. Mar. 1. '50. Fin Munie 6.

Oct. 1. "54 Fr Govt 7. Dec. 1.

49. (German 7 Oct. 15. Haiti 6. Oct.

1. ,52.. Ill Central Ry 4 '63. Ilseder Stee' Co 6 194.. Intemat Match 5.

1947.. Ital Con 7s Mar 1. 1937. Ital Con 7 Mar 1. 1947.

Italy 7s Dec 1. 1951 Kendall Co 5 194R PR 1st ref 5 1967 I LoriUard 5 Dec 15, '41 I National City stock IN Steam 5 Mar 1. 1951 ft 5 a. 196S Nornk 5 1957 i Norway 6 Aug 1. 1944.

Penn Dix fi Sept 15. I Hotel 5s '46. Portland rt 1947 Peru Govt 6s 1P60 I Porto Rtcan A 6 1H42 Rhine Wet 7s Nor 1. 1050. I Rhine Wet Miy Mxnn 7 Feb 1.

1945. Til of 5a Mar 1. 47. B. 4.

M.iy. '42. B. 4 s. Jan '43 B.

4 53. B. 4 July. '53 B. 4 July.

'53 B. '41 5. May. '41 B. 4 54 B.

4. July. "54. B. 4 '55 B.

4 5rt. B. 4 s. July, B. 4 Jan '57.

4 May '57. P. 4 TV 4. Mar B. '58.

'58. Government, f. S. Ub 3s. June.

'47. 1'. S. L. 1st 4's.

June. '47 4th 4 s. Oct 38 f. a. Tr.

4 Cx '52 f. S. Tr. 4s. Dec.

'54 I'. S. Tr. 3s. 56.

T. S. Tr. 3s. June.

'47. f. S. Tr. 3s.

June '43. Bid. 105 98 99 OH 87 114 78 89 92 82 100 91 96 88 104 50 101 52 110 99 96 119 105 94 99 86 10 95 P5 P8 74 99 9 132 IOO 89 94 int 82 S3 99 71 86 102 89 97 i Saxon 6i May 1. '51 97 Sinclair 5 1038 1 02 Shell I Oil 5. lOtl Rrming Fe1.

L. I Fed. Fed. Fed. i Fed 1 Fed Fed 1 Fed.

Ft d. 1 Fed. Fed. I Fed. I Fed.

Fed FVc! i Fed. Fed. L. L. L.

L. L. L. L. L.

L. L. L. L. L.

L. L. L. 0o 98 95 95 95 95 97 90 99 97 97 P5 95 PI 91 91 PO 90 91 Aik. 105 99 IOO Ph 88 115 78.

89 P3 82 lpo 89 105 50 101 52 110 IOO 96 119 lOri 94 99 86 10 95 95 98 74 99 P5 133 100 89 94 105 82 85 99 7 86 90 97 PI 1 02 97 PS 96 96 96 96 99 100 100 90 99 96 96 P2 P2 P2 PI 91 02 100.30 1 01 102 lo? 2ft 112 17 107.30 105.29 101.24 101.12 RAILROAD EARNINGS 102.3 m.T 112 21 10 2 106 101.28 101.16 Th rhatke A Ohio railroad. tV fi cs" triir.ic line to report the result if Jiiy ope ation shows net opentine ireome for the month im idir.g th Hocking cf S3 825 compared to 5.1 58 ur the co responding month Ia.t ear. New Tork. Chicago A St. I.oui h.d tf rrn month r.et orne of SSl 4 5 share "1 eqial of It S.r1 to 1 "9 a share on 360 654 rt pr cnt.

aeainst or 15 in the 1 S35.171 against $515.502. Radinr Cnmpiry in the fire mor.th earned $1 44 a common share. Strict rn for re ment of Oold taw. MEXICO riTT. Aua.st 21 A Th 'try of to.lay ordered cutom to er force strictly th law for ur goid from th v.rty in' a .1 'ncl i le at frortir points.

Froien Asset lose Small Ohio Bank. COLt'MBT. a. Aur.st 21 AP.i Df Savicg Bilk, of St. Am th state br.k:r.g nmr.t th ar.

st as civen as a ise. Th bank had deposit of 5520 IT o'frr. (ntf fment Corporate Trust Shares Investment Trust of N. Y. Trust Fund Shares Prices and tion srijj be quest.

com pie te Informs tladlv tirrn oa re Inland IstsstjMjent Ca Corner of Vsrket Delau are Stt. IND I ANAPOLIS I DIIOI lr IITII iTirc I 1 uuliv viibiiikvi 1 Winthrop W. Aldrlch. prealdent of the Chae National Bank. eiectM a dirertor of the American Telephone and Telerrapti Compan.T W.

Cameron Forte. recer.tly made aoibasaador to Japan. as a direct r. Wmthroo Aldri' led a rtlrecicr ft The American Telephone anrt Teir erarh Comnnj. W.

Cameron Forbe. re cenilT made mban4or to Jaian rrijincil a a director. Set rice Corporation of New Jerey and ubidiarie for July report rro earning of O.0O3. afainul 10 lal rear, eel inoom from operation. Sl.se.") 266 a a'nt S2 563 346; balance arailable for dividend and urplu.

S1.53H f50 for July agai.isl St V396 last year. For the twelve month end' July 31. earning againn 131.73o.88.r net income. $42 699 721 against S39.830 202: baiance for dividend and urplu. 530 155.169 againat S26 9S9.5S3.

Fire new telephone operating companies in Wiacons'n hare been bought by the Associated Telephone Uulitie Company. Output of electricity by the electric Heht and nower induUT of the United p8 5 State lor the week ended August 16 ag 101.1 cvrtiH) 1 7 1 393 OOO kilowatt hour. 101.0 98 4 1 96 3 only 2.8 per cent, below the like week of 1929. and 9 per cent, more than the output for the corresponding week of 1928. DEPOSITORS SUE BANK lite Prior Claim 00 All Assets of Defanet Institution.

Special to The Indianapolis News RICHMOND. Ind August 21. A petl tion. asking settlement of claims, has been filed by depositor of the defunct Liberty i Ousen Bank, in Union county circuit I court against Elmer F. Boesert.

receiver. Lyman Orr. George A. Coughlin. Charlea rrnni Fields and Herman Mc Adam, a committee representing noaitors.

are named aa tne the action. The depositor they have a prior claim 1 property! J. P. Ciuzena Bank. NEW TORE.

Augut elgn exchange lrrefular. Demand. cables, bil's on bank. $4 84H. 3.93c: cables, 3 93o.

cables. the de plair.tiffs in allege mat on a.l assets ana Kennedy ft Co. and the one and tne same urm. now tne nanas 01 a rar rr, 1 rVroitors should be paid in lull oa I teie ereral rlaams filed before pay' ment i made to any other claimant of said nartnership and Will W. Reller la attorney tor I positor.

of bank. the de INVESTMENT COMPANIES Offering la mad of te share of Republic Trust Shares, Seriea A. a fixed investment trut with a portfolio ot common stocks of twenty fire com panic in the Standard Oil group, by the depositor company. Republic Sharea Corporation. Each unit contain 210 aharee of common slock, and tho number of shares for each of th companies varies from fire to twenty.

The trust agreement provide that all etock dividends, "rights." and purchase warrants be sold and proceed placed in the distribution fund. The issue has been liated on tho Chicago Curb Exchange. FOREIGN EXCHANGE 21 (AP.) For Great Britain $4.87: 60 day France Demand. Italy Demand, Demand Hel I grim, 13 96c: Germany. 23 87c: Hol 1 land 40 2c; Norw ay.

26.8tV: Sweden. "6 87c Denmark. 26.80c: Swttaerland. 19 44c' Spain. 10 64c: Greece.

1.29Ae Po land. 11.25c CrechoslOTakia. 2.96 Jugoslaria. 1.77 Autria. 14.13 Roumania.

.59 Argentina. 36.31 Braxil. 9 75e Tokio. 49 37c; Shanghai. 4025c: Montreal.

100.QPV.C Say Alaska Road Needs More Revenues. CORDOVA. Alaska. August 21 (AJ.) Senator Robert B. Howell.

Nebraska, heading a congressional investigation, say the government owned Alaaka railroad must be provided with more operating revenue or face possibility of abandonment. Senator Howell aaid he had been Informed 8. OOO person live along the line. 4.000 of whom are connected with the railroad, operated at an annua! deficit of $1,000,000. "to serve these 4.

OOO $20,000,000 FOR MEXICAN DEBTS, BUDGET REVEALS MEXICO C1TT. Augut 21 (AP.) The treasury department, publishing detail of neit year a budget today, revealed that of the total will be spent in payment of eiterior ami interior debt. S12.V.W imo to be devoted to the exterior (leht and the rest to those of the in terior. The war department's annual bill ha be vit from $41. XK last year to 3 2.

OOO. OOO partmenl of MOTIC NEW YORK RUBBER NEVT TORE. Aufurt 21 (A.IM Rubber future opened irregular: AepUmber. 9 60c December. 10 20c March.

10.6Oe; new. September. 9 90c; December. 10.20c: March. 10 70c.

Spot, smoked ribbed. 0 e. OIL Credit th current year. The de 31.221 education gets J18.MW.WU. NEW FINANCING Although new bond offerings hsve been scarce of late, several new issues was expected to appear on the market shortly.

One of the largest will be an issue of S26.0O0 OOO in Nickel Plate 4s. priced at about 98. Also $15 000.000 In Alabama Power 4. priced around 98. will soon appear.

Other Issue scheduled included Georgia Power 5s and Japaneee Great Consolidated Power 6. ment. maou PetiasylvaaU Oil Ban. CITY. Pa, Autuet tl balance.

barrel: August 61.097. 4 soma i.Oh: run. An rust 18. average run. 36.890; shlr 20.

81.168: average ship WILLIAM B. BURF0RD PRINTING COMPANY MsrMiaa Can as rttal Rinrl nry OffW Thomson McKinnon INDIANAPOLIS CHICAGO 31 EMBERS NEW TORS New York Cotton Exchange Chicago Stock Exchanx New York Stock Exchange Chicago Board of Trad New York Curb Exchange 200 214 Grcle Tower Telephone LI ncoln 5501 HAVING PURCHASED THE ALLIED COAL AND MATE RIAL COMPANY, WE WANT TO LIQUIDATE AND DISPOSE OF THE FOLLOWING IMMEDIATELY: BUSINESS PROPERTY AND SWTITCH SITES We will consider propositions for the leas lnc or purchase of the following locations: 21st St and Northwestern. Madison Are. and Bay St. Garafe on the east side of Delaware at Bay St, W.

Wash. St. and Belt R. R. Rural and Booserett.

Delaware and Morris St. 110 Block Kentacky Are. 49th St. and Motion R. aC 17th to 19th St.

on Cornell. We hare made arrangement with realtors and reliable agents to show this property to yon. or, if yoe wish, yoa may call E. G. Kemper, HE mlock 2666, who will arrange for some one te show it to yon.

Also See Faint and Painters' SappUes at 14 W. Ohio St. BaDdlng Material and Equipment at 2112 Northwestern Are. We want best cash offer to clean up. Your reasonable cash offer for the above will have careful consideration.

For further information call on or address O. A. Milleror E. G. Kemper, in care of Johnson Maas Company, 1012 E.

21st St. Phone TA Ibot 7000 or HE mlock 2666. Land Trust Certificates 3 'Representing 330 equal urldivided parts of the equitable ownership in the fee simple title, to land located at 27 Monument Circle (Site of the Ba dwin Building, between the Continental National Bank Building, and the Circle Theatre Building) Indianapolis, Indiana Under 99 year lease to the Circle Theatre Company, which as of December 31, 1929, showed a net worth in excess of $1,750,000, at a net rental yielding 5 on $330,000 to Sep temher 1, 1935; 5i up to September 1, 1940; 5 to September 1, 1955; 5 up to September, 1975; 6 up to September 1, 2005; and 64 thereafter, payable quarterly, pro rats, to Certificate holders. Certificates issued bj THE FLETCHER AMERICAN NATIONAL BANK OF INDIANAPOLIS, TRUSTEE Holding Legal Tide to the Land EXEMPT I' INDIANA FROM PERSONAL PROPERTY TAXES The property represented by these Certificates is land on the Southeast segment of Monument Circle with a frontage of 52 feet 2 inches, and an average depth in excess of 122 feet 9 inches, on which is located the Baldwin Building. The ground has been appraised at $361,600 and $367,250 and the building at $40,000 and 130,000.

The lease provides prior to September 1, 1955, for the erection of a building to cost not less than $130,000. To secure performance of this obligation readily marketable securities of not less than $50,000 will be deposited with the Fletcher American National Bank as Trustee. The erection of the new iroproYe ments may be extended to 1965 upon the deposit with the Trustee of additional securities which have a market value of not less than $25,000. The lessee has an option to purchase the entire property prior to September 1, 1935, for an amount equal to $1,100 for each share represented by these Certificates and between 1935 and 1955 for an amount equal to $1,200 for each share represented by these Certificates, plus accrued rentals. No option to purchase exists after September 1, 1955.

DETAILS UPON REQUEST Price $1,000 plus accrued rental for each share or 1 330th part, to yield 5 up to September 1, 1935; 5 up to September 1, 1910; 5 op to September 1, 1955; 534c UP to September 1, 1975; 0 up to September 1, 2005; and 6 4 thereafter. Fletcher American Company INDIANAPOLIS A.