Indianapolis Times, Volume 40, Number 111, Indianapolis, Marion County, 28 September 1928 — Page 29

B > T. 28,1928

BP HOG PRICE 15 CENTS IN SPLITMARKET Bulk Sells 10 Cents Lower L as Best Porkers Are F Bid Up. Sept. Bulk. Top. Receipts. 21. 12.65® 12.85 12.90 4.000 22. 12.65® 12.85 12.90 3.000 24. 12.40® 12.50 12.60 6.000 ■bS5. 11.50® 11.75 11.90 9.500 W 26. 11.00® 11.25 11.25 5.500 27. 11.00 11.00 4 000 28. [email protected] 11.15 3.500 Hogs were steady to 10 cents lower with the exception of a few choice .215-260-pound butchers which brought about 15 cents higher, selling at $11.15. Bulk of 180 pounds and up brought $10.90# 11, and the top held higher at $11.15, at the city stockyards today. Receipts ■were estimated at 3,500 and holdovers from Thursday’s market totaled 1,302. There was not enough cattle in b-the yards to make a market. She was extremely dull, selling Habout 25 cents lower than Thurs■day’s close. Vealers were 50 cents ■higher, selling at sl9 down. ■ The sheep and lamb market was W steady, good lambs bringing sl3# W 13.50, and throwouts sold at sß® 11 , Pat ewes were st eady, selling ut $5 # f 6.50. The Cihcago hog market opened I higher, with the salesmen asking around 10 to 15 cents higher on better grade hogs. Several bids L were strong. A few loads of packing sows brought 10 to 15 cents Biigher. Bidding around $10.85@11 Bn 190-260 pound weights, and a Bw loads of packing sows sold for Receipts numbered MB,OOO, including 3,500 directs. Heavy butchers failed to follow general trend of the market toaay and sold 15 cents higher at $10.75# 11.15. The 200-250-pound weights made a two-way market, selling for $10.90# 11.15. The 160-200-pound class was lower at $10.40# 11. Other weights unchanged were: 130-160 pounds, [email protected]; 90-130 pounds, [email protected], and packing sows, $9.50@ 10.50. Beef steers were lower selling for [email protected]. Beef cows were off at $8 @lO, and low cutter and cutter cows were down at [email protected]. Bulk stock and feeder steers were unchanged at sß@l2. Receipts totaled 650. Best vealers were 50 cents higher, selling for $17.50@19. Heavy calves were unchanged, bringing s7® 11. Receipts numbered 600. Top fat lambs were down 50 cents, selling for $13.50. Other classes were unchanged as follows: i Bulk fat lambs, [email protected]; bulk k cull lambs, $7.50# 10.75, and fat ewes, i [email protected]. —Hogs— Receipts. 3,500; market, lower. ■250-350 Tbs $10.75® 11.15 ■2OO-250 lbs 10.90® 11.15 ■l6O-200 lbs 10.40® 11.00 ■l3O-160 lbs 9.75® 10.25 ■lO-130 lbs 8.75® 9.50 W Packing sows 9.50® 10.50 —Cattle—■k Receipts, 650; market steady, lower. ■ Beef steers $13.50®17.50 ■ Beef cows 8.00'710.00 W Low cutters and cutter cows.. 5.25® 7.25 | Bulk stock and feeder steers.. B.oo® 12.00 k —Calves— Receipts, 600; steady to higher. Best vealers $17.50® 19.00

30,000 Shares Backstay Welt Company (An Indiana Corporation) Common Stock This Stock is Exempt from the Indiana Personal Property Tax. Dividends are Exempt from Normal Federal Income Tax. CAPITALIZATION Authorized OutzUndiaf Bonds and Notes.' V. • • None None 4% Cumulative Preferred Stock (Due and Payable October 1, 1948) $200,000 $117,000 Common Stock (no par value) 100,000 shs. 76,000 shs. The following is a summary of a letter from Mr. Robert C. Schemmel, President of the Company: HISTORY AND BUSINESS—The Backstay Welt and 8 months ending August 31, 1928. From this Company, incorporated in the state of Indiana in audit they have prepared the balance sheet which 1928, is the outgrowth of a partnership formed in shows current assets of $877,633.36, current liabili--1899. With its branches and subsidiaries, it supplies ties of $300,009.29, a ratio of 2.92 to 1. The Comapproximately 60% of the demand of the automo- pany has no bank loans, bonds or notes, bile industry for welts, gimps, mouldings and bind- The fixed assets are carried on the books at cost ing used principally for trimming, weather-stripping less depreciation which figures are greatly below the and the elimination of noise and friction. The furni- actual values. ture, refrigerator and luggage industries absorb a rAT) . T TMrc • t n „„ good proportion of the production of the Company EARNINGS The net income of the Company and and the aeroplane industry is opening up a hew field ■ subsidiaries as certified by Arthur Andersen & which should develop rapidly. Company of Chicago, Certified Public Accountants. r ' for the 3 years and 6 months ending June 30, 1928, PROPERTIES —The properties of the Company after all charges including depreciation, dividends on consist of its main plant at Union City, Indiana, the preferred stock, and Federal Income Tax, availbranches in Chicago and Detroit and a wholly owned able for common stock dividends, is as follows: subsidiary in Windsor, Canada. Earning* Some of the large manufacturers which use the _ . per share products of the Backstay-Welt Company in all or in v ßtc^3ut g *fter P TaJ cf st£k° a part of their production include Ford Motor Com- 1925 $120,295.81 $1.58 pany, Frigidaire Corporation, Buick Motor Com- 1926!.*.*.*.*.*...!.... pany, Cadillac Motor Car Company, Chevrolet 192 7 226,221.34 2.98 Motor Company, Hudson Motor Car Cos., Graham- j 9 2g ( s j x months Paige Motors Corp., Willys-Overland Company, ended June 30)... 199,815.56 2.63 Seaman Body Corp., American Hardware Company, .. .. . , , _ . . Luce Trunk Company, Packard Motor Car Com- DIVIDENDS —It is the intention of the Board of pany, Herron & Zimmer Cos., Petersburg Luggage Directors to declare an initial quarterly cash diviCos., Fisher Body Corporation, Virginia Trunk & dend on the common stock of 50c per share payable Bag Cos., Chrysler Corporation, Hupp Motor Car January 1, 1929. Corporation and many others. MANAGEMENT —The management of the ComBALANCE SHEET—Arthur Andersen & Company pany will remain in the hands of those who have of Chicago, Certified Public Accountants, have developed it from its origin in 1899 and who will audited the books of the Company for the 3 years continue to hold the majority of the common stock. This stock is listed on the Chicago Stock Exchange, PRICE: S3O Per Share This Sleek is offered Jar delivery when as and if issued-tud received by us subject to approval aj counsel. Fletcher American Cos. Indianapolis, Ind. Minton, Lampert & Cc, Ralph A. Bard & Cos. 137 S. La Salle Street, Chicago 105 S. La Salle Street, Chicago The information contained in this advertisement, while not guaranteed, is derived from sources which we believe to be reliable.

Church Erected in 1841 Still Used by Baptists

In llffl fffi

Crooked Creek Baptist Church

Rural Congregation Holds Reunion in Crooked Creek Landmark. When the Crooked Creek Baptist Church on Michigan Rd., northwest of the city, held its homecoming last Sunday, it looked back on ninetyone years of such community service as the older days knew, but these hustling modern times seldom see. Now a modern little white country church, the plain single room, 40 by 60 feet, that was built in 1841, still is the center of the structure. In 1837 the first church was organized and a log house was built for it on the old George Hessong place. Four years later Hessong gave the land where the church of today stands, serene in its grove of beech and oak and maple through which Crooked Creek winds. The first pastor was one of two brothers, Madison and Ambrose Hume, no one now remembers which, but it is very well remembered that

Heavy calves 7.00 @ll.OO —SheenReceipts, 1,200; market, steady to lower. Top fat lambs ~,..513.50 ' Bulk fat lambs * Bulk cull lambs Fat ewes 4.50® 6.50 Other Livestock By United Press CHICAGO. Sept. 28.—Hogs—Receipts. 16,000; market on choice 200-250 lbs., steady: other grades and weights 10® 15c higher; packing sows 15@25c higher; top. sll. freely paid for choice 200-260-lb. weights; butcher, medium to choice. 250350 lbs.. $10.10@11: 200-250 lbs.. $10.15® 11; 160-200 lbs., $9.60@11; . 130-160 lbs. $9.15®10.50; packing sows. [email protected]: pigs, medium to choice. 90-130 lbs., [email protected]. Cattle—Receitps. 3,000: calves 1.000: s.eer and yearling trade very dull; buyers making no effort to clean up t. eek-end supply; better grade fat cows and heifers very dull: cutters and common cows, active. fully steady; slaughter cla'ses, steers, good and choice 1.300-1.500 Ihs.. [email protected]; 1,100-1,300 lbs., $14.50® 18.25; ' 950-1,100 lbs.. $14.50® 18.25; common and medium, 850 lbs., [email protected]; fed yearlings, good and choice. 750-950 lbs.. [email protected]. heifers, good and choice, 850 lbs. down. [email protected]; common and medium. [email protected]; cows, good and choice. [email protected]; common and medium. $7.65@9; low cutter and cutter cows. $6.25® 7.65: bulls, good and choice, beef. [email protected]: cutter to medium. [email protected]; vealers, milk fed good and choice. sl6® 17; medium. $13.50®16: cull and common. $8.50® 13.50: Stocker and feeder steers.

his salary was at first $1 a year. It had to be increased later when a rival church offered him S4O. His own congregation, unwilling to lose him, promised $lO, and loyally he stayed. In those days Michigan Rd. was a name with meting. The highway ran from Madison on the Ohio River to Michigan City, passing through Indianapolis over what are now Southeastern and Northwestern Aves., and was a very hustling commercial route. Past the old church went wagon loads of grain and whisky, bolts of cloth and barrels of sorghum molasses and haunches of venison. Its congregation came in from a range of eight miles, driving their wagons through unbroken woods. Now they come in their cars, but still they come from some four miles round about. The pastor, the Rev. Robert Wood, inherits the mantle of the first dollar-a-year man, though his salary is more than that, and the little white church has as firm a palce in the hearts of the community as in the dass when Crooked Creek slipped through solid woods instead of a single quiet grove.

good and choice, all weights. [email protected]: common and medium. s9® 12. Sheep—Receipts. 20,000: desirable fat lambs steady; In-between kinds weak: cull lambs, sheep and feeding lambs steady: lambs, good and choice 92 lbs. down. [email protected]: medium. $11.50® 12.85; cull and common. $7.50® ■ 11.60; ewes, medium to choice. 150 lbs. down. [email protected]: cull and common. $1.75 ®5; feeder lambs, good and choice. $13.25 @14.25. By United Press CLEVELAND, Sept. 28.—Hogs—Receipts, 1.200; holdovers. 1,600; market, steady, top. $11; 250-350 lbs.. $10,504 11; 200-250 lbs.. $10.75@11; 160-200 lbs.. [email protected]; 130-160 lbs.. [email protected]; 90-130 lbs., $9.50® 10; packing sows, [email protected]. CattleReceipts. 800; calves, receipts, 250: market, steers and heifers, dull; cows weak, calves 50c down; beef steers, $9.50®T0.60; beef cows, $7.75(89.75; low cutter and cutter cows. $5.75®7.50; vealers. $16@19. Sheep —Receipts, 1,000; aarket, slow steady; top fat lambs. $14.50; bulk fat lambs. sl4® 14.40; bulk cull lambs, [email protected]; bulk fat ewes, [email protected]. By United Press PITTSBURGH, Sept. 28 —Hogs—Receipts. 1.500; market, strong; 250-350 lbs., $10.50 ® 11.25; 200-250 lbs.. slo® 11.25; 160-200 lbs.. [email protected]; 130-160 lbs.. [email protected]; 90-130 lbs., $9.50® 10.25; packing sows, $0.50® 10. Cattle—Receipts. 25: calves, receipts 50; market, unchanged: calves, steady; beef steers, [email protected]; light yearling. steers and heifers. $10.50@14 SO; beef cows. $8,505*. 11: low cutter and cutter cows. ss@B; vealers, $16®,19; heavy calves. slo® 10.65. Sheep—Receipts. 1,100: market, steady; top fat lambs. $14.25: bulk fat

THE INDIANAPOLIS TIMES

AID SOCIETY’S CONCERT SET FORJCT. 23 Y. W. C. A. Campaign Starts; Other News of City’s Negro Groups. Eight annual concert of the Educational Aid Society will be held in Caleb Mills Hall Oct. 23. Mrs. Frances B. Coston is society president. Records show that approximately 160 organized groups have contributed to the society in jthe eight years it has been in existence. Seven of ten young people aided last year will be helped by the society the first semester this year. Two new students have been added to the list and another is to be recommended at the next society meeting, a dinner luncheon for the selection of members of the trustee and advisory boards. Campaign Is Launched Mrs. Evelyn Waters, chairman of the membership campaign of the Phyllis Wheatley branch Y. W. C. A., to be launched tonight at the Walker Casino, expressed enthusiasm over the fine spirit manifested by workers and captains. Captains are: Mrs. Gertrude Branham, Mrs. Mary Keys, Mrs. Anne Craig, Mrs. William Mack, Mrs. Lillian Hughs, Mrs. Leota Skaggs, Mrs. Mary Southern, Mrs. Stella Porter, Mrs. Georgia Robinson, Mrs. Sallie Phillips. Miss Mary Sales, Mrs. Emma Duvalle, Mrs. Ada Goins. Mrs. Susie Moten, Mrs. Georgia Martin, Mrs. Rebecca Dotson, Mrs. Floosie Meriweather, Mrs. Viola Wilson, Mrs, Alice Brokenburr, Mrs. H. L. Hummons, Mrs. Artelia Yateman, Mrs. Olivia Buggs and Miss Hattie Butler. Persons attending welcoming services of the A. M. E. conference, at Allen’s chapel Wednesday night were amazed toward the last of the program. F. E. DeFrantz, welcoming the delegates in behalf of the Y. M. C. A., incurred the wrath of Bishop A. lambs. sl2® 14.25; bulk cull lambs, $8@10; bulk fat ewes, [email protected]. By United Press EAST BUFFALO. Sept. 28—Hogs—Receipts. 3.400; holdovers. 1,400; market fairlv active and steady; 250-350 lbs.. *10.75® 11.25: 200-250 lbs.. sll® 11.40; 160200 lbs.. $11(811.40: 130-160 lbs.. $10.75® 11.25; 90-30 lbs.. $0.25@1; packing sows. $9.50® 10.25. Cattle—Receipts. 200: calves, receipts 600; market steady to 50c down; beef steers. [email protected]: light yearling steers and heifers. [email protected]: beef cows. $8.50® 10.50; low cutter and cutter cows $5.25®7.25; vealers. sl9® 19.50. Sheep Receipts. 1.900; market steady to 25c down: bul kfat lambs. [email protected]: bulk cull lambs. $8.75® 12: bulk fat ewes. s6@7, By Times Special LOUISVILLE, Kv.. Sept. 28—Hogs—Receipts, 1,600; market, steady; heavy and medium hogs, 180 lbs., *[email protected]: pigs and lights. 180 lbs. down. $6.85®9.45: stags and throwouts, [email protected], Cattle— Receipts, 400; market, slow; steady prime heavy steers. *13@15; heavy shipping steers. *11.50® 13; medium and plain steers. slo® 11.50; fat heifers. *7.50® 12; good to choice cows. $8®9.50; medium to good cows. $6.50®8: cutters. [email protected]: canners, [email protected]; bulls, s6® 9: feeders. *8.50® 11.75; Stockers, $7.50® 11 25. Calves—Receipts. 400: market, steady: good to choice. sl3® 15; medium to good. $11@13; outs, sll down. Sheep—Receipts. 200; market, steady; best lambs. sl2® 12.50; seconds, SB/8 50: sheep. s4®6; bucks. $3®3.50. Thursday’s shipments: Cattle, 171; calves, 234; hogs, 755; sheep, 146.

J. Carey and practically every minister and layman present when he read from a report on the lack of intellectual training of Negro ministers. Bishop Resents Attack The bishop, in defending the ministers, accused Defrantz of an ungentlemanly attack by asserting, ‘‘lt cuts deeply when I am insulted in my own house.” According to reports, che “Y” secretary remained throughout the verbal fireworks, but made no reply. Sessions of the conference will end Sunday, following a pageant at Allen Chapel Saturday night. Samuel Lambert died in St. Paul Wednesday. His wife, Mrs. Edith Blankenship-Lambert, iis a teacher i in the local schools, and left for St. Paul on receipt of the news. . The Cosmopolitan School of Music and Fine Arts invites the public to its second anniversary and open house in honor of new teachers Sunday from 4 to 6. Guests of honor will be Mrs. J Harold Brownfl Miss Mae Clements piano department; Miss Mattie Stovall, Mrs Blossie Roberts and Leonard franklin, voles department, and Miss Svdonin Byrd, teacher of theory. Services in Flanner House St. John the Divine orthodox congregation will hold services in the Flanner House Sunday at 11 o’clock. Services will consist of high mass and a sermon, “The World’s Formidable Powers and Faith’s Victory,” by the rector, Royal S. Hoagland. Addresses by Mathias Nolcox,

New Issue WE OWN AND OFFER $300,000 6% Tax Exempt 6% First Preferred Stock of thz ANDERSON THEATRE REALTY COMPANY ANDERSON, INDIANA To Be Secured by a Beautiful New Theatre, Store and Commercial Building in the Heart of th Business District of Anderson, Indiana. Held Under a 99-Year Leasehold, Valued, With Theatre Fixtures, at $500,000. Dated September 1, 1928. Dividends Payable December, March, June and September 1. Shares SIOO. MATURITIES $12,000 September 1, 1930 SIB,OOO September 1, 1937 13,000 September 1, 1931 19,000 September 1, 1938 14,000 September 1, 1932 20,000 September 1, 1939 15,000 September 1, 1933 22,000 September 1, 1940 16,000 September 1, 1934 23,000 September 1, 1941 16,000 September 1, 1935 25,000 September 1, 1942 17,000 September 1, 1936 70,000 September 1, 1943 Callable at 101i/ 2 % of par up to and including September 1, 1934, and at 101% of par thereafter. LOCATION Anderson Theatre Realty Company holds under 99-year leasehold a large plot of ground at the Northeast corner of 12th and Meridian Streets, Anderson, Indiana, in the very heart of the city’s business section. BUILDING Upon this site the company is erecting a three-story store and commercial building at a cost, including theatre fixtures, in excess of $500,000. INCOME “ Gross income is estimated at $65,000 as against expenses liberally calculated at $29,000, leaving a net income available for the obligations of this preferred stock of $36,000 per Annum or double maximum dividend charges. SINKING FUND The company agrees to pay monthly to the underwriters as fiscal agents for the first preferred stock, one-twelfth of the amount necessary to meet each year’s dividend and retirement requirements. PERSONAL Holders of the common stock, representing combined net worth in excess GUARANTEE of $1,750,000, guarantee payment of SIOO,OOO of this issue of preferred stock until such a time as the issue is reduced to $200,000 (this guaranty to be ratably reduced as the stock is retired) and to protect the holders of the entire $300,000 of preferred stock ratably. INSURANCE Adequate fire, tornado, riot, civil commotion and explosion and other necessary forms of insurance will be required for the protection of the preferred stockholders. LEGALITY Title to the leasehold estate and all steps taken in connection with this issue of preferred stock have been supervised and approved by our attorneys, Messrs. Smith, Remster, Hornbrook and Smith. TAX EXEMPTION Under existing law, this stock is exempt from all tax in the State of Indiana and from the normal Federal income tax. DETAILED CIRCULAR MAILED ON REQUEST % Price: Par and Accrued Dividend to Yield 6% THE MEYER-KISER BANK INDIANAPOLIS, INDIANA All statements and figures contained herein, while not guaranteed, have been obtained from sources we regard as r ’ liable, and have been relied upon by us in the valuation and purchase of the securities for our own account.

More Boys “The percentage of boy students at Shortridge High School slowly is increasing,” says George Buck, principal. “In 191 C when I took charge of the school, 32 per cent of the entire enrollment was boys, and this year we have more than 42 per cent. School officials have no explanation. In 1926 there were 2,535 enrolled in Shortridge, but in 1927 the enrollment dropped to 2,322 because of the transfer of many students to Crispus Attucks and Washington high schools. The enrollment this September shows 2,464 or just seventy-one below 1926, the peak before the transfers to other schools. The teaching staff has changed each year to meet the fluctuations in enrollment.

principal of Attucks High School; the Rev. Stephen Gill Spottswood of Jones Tabernacle, and Ernest Tidrington, Evansville, were the efatures of the membership campaign banquet at Y. M. C. A., Wednesday night. R. L. Brokenburr, chairman of the membership department, announced a campaign organization modeled after the two leading political parties. Tidrington and Dr. C. A. Lucas will represent Hoover and Curtis and George Hamilton and T. R.

Stewart will represent Smith and Robinson. The campaign is set for Oct. 1 to 10 and leaders have set their goal at 1,000 new members. First report of the campaign is scheduled for Monday night. Mrs. A. P. Camphor of Orange, N. J., widow of Bishop Camphor of the M. E. Church, will be the speaker at both services of the Simpson M. E. Church Sunday. Dr. E. A. White is pastor. Mrs. Camphor is the house guest of Mrs. Hattie L. Asbury, 1824 Ashland Ave. Teacher, Students Broadcast Misses Alice Brokenburr and Marjorie Wilson, students of Miss Ellen Thomas, teacher of the Progressive series piano lessons, broadcat over WKBF Thursday night. Mrs. Minnie Turner will be hostess to the Thursday Coterie Club at her home, 705 N. Senate Ave., Apt. 14. Mrs. Nora B. Jackson is president. Dr. E. A. White and J. A. White are attending sessions of the bishop’s council at Cincinnati this week. Charles Erwin, manager of the Walker Theater, has returned from a visit with his family at Harrisburg, Pa. Lucien South of the Chicago Police department is visiting his wife, Mrs. Carrie Miller South, who was called to the city on account of the serious illness of her sister, Mrs. Polly Wiliamson, N. Missouri St. Engineers have perfected a radio loud speaker which can be heard plainly a mile away.

PAGE 29

GLOBE CIRCLING CYCLIST IN SPILL: ‘WALKS’ HOME Wheel Destroyed in San Antonio; Hikes Back to Dayton, Ohio. Believe it or not, a long distance bicyclist is walking home. Harold W. Salsberry, East Liverpool, Ohio, arrived in Indianapolis Thursday night from San Antonio, Texas, where the bicycle on which he started a round-the-world trip a month ago w r as demolished by a hit-and-run driver and Salsberry severely injured. Since then he has been “walking” in approved collegiate style. He expects to leave here today for Dayton to get another bicycle and continue the trip Salsberry claims the title of America’s long distance cyclist, having pedaled 12,475 miles..

MONEY TO LOAN -ONMORTGAGES STATE LIFE Insurance Cos. 1233 STATE LIFE BLDG.