Indianapolis Times, Volume 40, Number 166, Indianapolis, Marion County, 1 December 1928 — Page 16

PAGE 16

EXPERT FINGER TRACES RAPID ORDERGOURSE Mrs. C. G. Wyckoff Tells of Many Moves in Stock s Purchase. -jjr Jnst how the Stock Exchange operates is described today by Mrs. C. G. Wyckoff. president of Wall Street, in a second exclusive article for The Times and NEA Service. In her next and last article, this prominent financial writer will tell about women and the small investors In the market. BY MRS. C. G. WYCKOFF. (Copyright, 1928, by NEA Service, Inc.) NEW YORK, Dec. I.—Among the millions who are interested in securities today, only a small percentage know exactly what happens to the order which they either write, telephone, telegraph or personally deliver to the brokerage house with which they are dealing With the turnover in securities on the New York Stock Exchange running from three to almost seven million shares per day in the last few months, although the facilities have been severely taxed, the machinery for handling the business has functioned with astonishing rapidity. All Due to Code All this is due, in the first place, •to the code which exists between the members on the floor of the ex - change, enabling a man in perfect confidence to accept orders for the purchase or sale of thousands of shares of securities running into tremendous sums, with nothing but a verbal order to establish the transaction. One can not disavow a purchase or sale whether the market goes in his favor, or against him. Thus, when you place an order with your broker, it is written on an order pad printed in black for buying order, and red for selling orders, snowing name of stock, number of shares and prices at which the order is to be executed and the name of the customer. It is then handed to an order clerk in the cage. In the “cage,” which is the name brokers give to the room that houses the order clerk, margin clerk, bookkeepers, and cashier, there never is an unnecessary moment lost in transmitting the order to the floor of the Stock Exchange, because any delay might mean a serious loss to the customer. Sent to Floor If the clerks are familiar with the customer's account, the order is telephoned immediately by private wire to the “floor member”—on the floor of the exchange. As only Stock Exchange members and uniformed employes are allowed on the floor, the telephone clerk hands the order to an “exchange page,” who promptly delivers it to the floor member. It takes but fifteen to forty-five seconds from the time the clerk receives the order until it is in the hands of the floor member. If the order is "at the market,” the floor member goes to the “post” where the stock is traded in

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You Win $5 for the Best Title Given This Scene

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Give this picture a name and win a prize.

A five-dollar bill looks good to anybody, with Christmas sticking its ears over the horizon, and here’s your chance to tuck one away in your purse for holiday shopping. It’s simple—if you know how. The Times and the Circle theater today start their title contest and the best title submitted will receive a crisp five-dollar bill. The next live ii. merit will receive a pair of tickets each, to see Glenn Tryon and Barbara Kent, in “Lonesome,” which opens at the Circle today. Each day for five days, stEurting today, The Times Will publish a scene from the photoplay, “Lonesome,” which begins its week’s engagement today at the Circle theater. All that you have to do to win one of the prizes or theater tickets is to give the picture a title

1 Lonesome Contest Editor, The Times: I submit the following title for picture A*o. 1: NAME (Print Plainly) ADDRESS

and buys immediately at th§ lowest offering, or sells at the best bid. The floor of the exchange is dotted with posts, which look very much like traffic semaphores. Specific securities are traded in at these posts, and it is here the specialists do business in these particular issues. The transaction is then entered on the customer's statement and a record is also made by the margin clerk, so that he can know immediately whether the customer has sufficient margin. If not, a “call'’ for additional funds is sent out that night. “Margin” represents the deposit an individual puts up against the purchase of stocks. The better class houses now require a deposit of approximately one-third of the market value of the stock. As soon as the order has been executed, a note is made of the transaction by the uniformed reporters of the exchange indicating the number of shares, name of the security, and the price at which the trade is made. It is then handed

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and mail it in to The Lonesome Editor. The coupon printed below is solely for your convenience, and you may use it or a piece of white paper with your rnihie and address written at the top of the sheet. You do not have to be a Times subscriber and copies of the paper may be seen at either The Times office, the Circle theater, or at the public library. There are no restrictions as to how titles you submit; only confine teach title to not more than ten words. Every one is eligible to enter the contest other than employes of The Times, the Circle theater and Universal Pictures Corporation, the producers of "Lonesome,” and their immediate families.

to one of the operators of the ticker sending stations, who transmits it to a clearing station, which records all transactions in sequence, by means of a master sending apparatus which looks very much like a typewriter keyboard. Thus it appears on the tape which we hear clicking so merrily in the broker’s office. When the ticker is abreast of the market, the customer can read on the tape the report of the execution of his order within from one to tw'O minutes. NEXT: Women investors in the stock market. Naval Officer’s Mother Dies. Eu Time* Special BOONVILLE, Ind., Dec. I.—Funeral services were held Friday for Mrs. Mary D. Meyerbacher, 65, mother of Commander Ralph D. Weyerbacher, U. S. N., noted for his achievements in flying. She died Tuesday of paralysis.

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DRIFT TO CITY FROM FARM IS BEINGREDUCED Rural Regions Lost Only .192,000 Last Year, Says Jardine Report. By Times Special WASHINGTON, Dec. I.—Drift from the farm to the city is slowing down, Secretary Jardine said today in his annual report to President Coolidge. Last year the excess of persons who left the farms for the cities over the number leaving the cities for the farm was only 192,000. For the eight years from 1920 to Jan. 1, 1928, the net loss in farm population was 3,283,000, he said, an average of more than 400,000 a year. Some loss of population from the farm, Jardine said, is normal and healthy, because of the increased use of farm machinery, which requires fewer workers. Continuation of the slowing down process will bring the Nation in a few years, he said, to a point where the loss in farm population just will about drain off the excess in natural increase and that caused by the wider introduction of machinery. Lack of modern comforts on the farm, among the great causes of people leaving the farm, was pointed out strikingly in the fact that only 38 per cent of farms had telephones. 10 per cent had water piped into the house and 7 per cent had gas or electric lighting. Only about 8.000.000 of the 30.000,000 people on farms live within five miles of cities or towns having a population of more than 2,500, he said, and the rest are isolated correspondingly. The only reason, Jardine said, for the farmer not having modern improvements is that he can’t have them. To prove this, he pointed out that 86 per cent of lowa farmers have telephones, and 66 per cent of those in Indiana, while 48 per cent of New England farms have water piped in and 28 per cent of farms in Massachusetts have gas or electric lights. Jardine recommended extension of rural government activities, extension of modem comforts to the farm, and better looking and more comfortable farm homes. FAVORS GAMBLING CURB Jardine Desires law to Stop Grain Market Activities. By United Press WASHINGTON. Dec. I—Hope that congress will pass a law to curb activities of grain gamblers was expressed today by William Jardine, secretary of agriculture. A bill amending the grain futures act to prohibit “excessive trading for purely speculative purposes” was inrtoduced at the las 1 session of congress and still is alive

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Why Not Plan to Spend Christmas in EUROPE? At that happiest season of the year, what wouldn’t the old folks give to have you back with them? Wouldn’t it be the treat of a lifetime to renew acquaintances with old scenes and old faces back in the homeland across the sea? Each year there are special Christmas sailings to Europe. We’ll be glad to give you complete information and take care of all details of your trip. A telephone call will bring a representative from our office to see you. RICHARD A. KURTZ, Manager Travel Bureau The Leading Travel Bureau of Indianapolis ® UNION TRUSTS L2O E. Market Street RI ley 634

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Jingle! Here Is No. 10 in the Christmas Shopping Contest.

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Dad saved up dough for Christmas time. It made him proud! And then His wife went downtown shopping and Name Address Jingle No. 10 gives you another chance to show your talent in writting last lines. If yours is good enough, it’ll be one of the three to win a pair of tickets to the Circle theater show next week, “Lonesome,” one of the big hits of the year. Last lines are coming in by the hundreds every day, so the competition is hot. But don't let that stop you. Try No. 10 today and watch for No. 11 Monday. a an Winners of No. 6 Jingle contest are Mrs. Belle Anderson, 1424 Hoyt avenue; C. Connolly, 730 South Missouri street, and Lydia Rinehart, 1920 Park avenue. Here’s Mrs. Anderson's offering: The folks who start their shopping now r Their own sweet time can take, While those who don’t will later find It’s push and shove—and still they wait. Mr. Connolly's last line was: “In the Christmas rush their lives at stake.” Miss Rinehart's: "A jam, no choice, too late.” Oldest Newberg Citizen Dies By Times Special NEWBURG. Ind., Dec. I.—Mrs. Mary Bilif, 97, oldest citizen of this town, is dead.

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MURDER PROBE REVEALS CULT OF WITCHCRAFT Faith in Voodooism Leads to Burning Man Alive, Tied in Chair. By United Press YORK, Pa., Dec. I.— Existence of the superstitious frenzies of witchcraft in this modem community stood revealed today as a man and two boys were held for the murder of a farmer. Raymond Rehmyer, 59, a farmer of Mt. Aairy, was found burned to death, tied in a chair when a mule in his stable brayed and attracted the attention af a passerby. John Curry, 14, and Wilbert Hess, 18, are under arrest charged with Rehmyer’s murder. They were said by police to have confessed that they and John Biymire killed the farmer because hr would not give them a lock of his hair to remove a “spell.” Advice for S4O Blymire, described by the boy and the youth as a “witch doctor,’ was arrested Friday and also charged with the murder. The story of the murder, as police quote from the alleged confessions of Hess and Curry, ran a? follows: Milton Hess, father of Wilbert, had lost chickens, and a road through his land was closed. Hess, a believer in witchcraft or a form of voodooism, asked John Blymire, regarded as an unfailing "witch doctor,” what Blymire thought of these happenings. After receiving his customary S4O fee, Blymire told Young Hess: “Rehmyer has hexed (bewitched) you. You must take a lock of his hair and bury it eight feet deep back of your chickenhoise.” Beaten Unconscious Blymire accompanied the Curry boy and Hess to Rehmyer’s farmhouse to get the lock of hai-. Rehmyer. also a believer in this strange voodooism, refused to give the lock of hair, causing them to think he was their enemy and wished to "spell” them deliberately. In the woodshed, where Rehmyer went for firewood, they attacked the farmer. They beat him with sticks of wood when he resisted and he fell unconscious. Thinking him dead, they poured kerosene over him and set it afire. 0. K. on Landing Field Bu Times special PRINCETON, Ind., Dec. 1.—’This city's landing field has been approved by the aeronautics division, department of commerce, according to advices received by E. R. Maxam, manager of the field.

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cMoney that % Slips cAwayWould make a nice sum if saved with Fletcher Avenue over the period of one year or more. The chart below shows the necessary amount to save pf Y I each month, with 6% per annum dividends compounded semi-annually. Saving l / * Vear 1 2 Vears 3 Years 4 Years 3 Years 10 Years ‘ $ 1.00 $ 12.89 9 25.54|$ 39.48 $ 54.28 $ 69.98 $ 104.04 I 5.00 j 61.07 127.71 197.45 271.44 349.93 820.22 ,'j 10.00 123.93 255.41 391.89 542.87 609.86 1,640.43 Ap 15.00 185.90 383.12 592.84 814.31 1,040.80 2,460.65 •7 25.001 300.82 638.52 987.24 1.357.10; 1,740.67 4,101.08 100.00 11,230.31 2,554.10 3.048.96 5.428.7i 6.998.69 1 16,404.33 I V. _____ Chart Copyrighted. Bankers Thrift Corp.. Chicago. We /|/w Dividends Resources $15,000,000 jka.\e fQ for Shares SIW I Paid 38 Years We Charge No Membership Fees Fletcher Ave. Sav. & Loan Assn. /10 E. MARKET ST. The u Heart” of the Business District

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Air Garage Is Opened By United Press READING, Dec. I.—Believed to be the first of its kind in Great Britain, Reading is to have an air garage with lock-ups for private owmers. It also will have a quick gasoline service, repair shops where all spare parts will be in stock, and a depot for planes flying westward from the continent. Work on the lock-up hangars will be begun this month, and it is expected that the "garage” will be ready for opening in the spring. In addition, a service of air-taxis will be run. There also will be a school for flying, and sight-seeing tours ala chars-a-banc. Special Air Stamps Made A special hand cancellation stamp has been authorized by the postoffice department, to be used on all air mail letters sent from a temporary postal station at the International Aeronautical exposition at Chicago. Dec. 1 to 9, Postmaster Robert H. Bryson announces. The stamp will be in commemoration of the twenty-fifth anniversary of the first successful flight of a lieavier-than-air machine. President Coolidge has received acceptances from nearly all foreign governments invited to attend the international civil aeronautics conference at Washington, Dec. 12 to 14, in commemoration of the anniversary. In connection with the anniversary, exercises will be held at Kitty Hawk, N. C., incident to the laying of the cornerstone in memory of the flight made by the Wright Brothers, Dec. 17, 1903. Ordinance for Airport By Times Special EVANSVILLE, Ind., Dec. I.—An ordinance regulating the municipal airport has been drafted by the works board and will be submitted to the city council at an early date Elkhart Plans Field I By United Press ELKHART. Ind., Dec. I.—Si> sites are available for the proposec municipal airport here, and t Chamber of Commerce committee which has been working with city administration representatives or the project is expected to make i definite report within two weeks. Airport Site Leased By United Press COVINGTON, Ind., Dec. I.—Ai eighty-acre field, about half-wa; between Danville, 111., and this cit; has been leased by the DanvilL

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DEC. 1, 1928

Chamber of Commerce to be used as an airport. It was pointed out that airport will be of nearly as much value to Covington as to Danville, because it is about half way between them. The land is now in com which is being cleared away for a rye crop. In the spring, however, beacon lights and a hangar will be erected. The field will be known as the Danville Chamber of Commerce airport. Indorses School By Times Special VINCENNES. Ind., Dec. I.—The Egyptian Airway School, Marion, 111., has submitted a proposal to the Chamber of Commerce for establishment of an aviation school here. The chamber announces that it indorses the plan, which Includes a stipulation for 100 flying hours to be contracted in advance. Flying to Be Taught Bn Times Special SOUTH BEND. Ind.. Dec. I.—An aviation school will be opened here Dec. 15 by the Shockley Flying Service, Kokomo. The Curtiss Flying Service, Indianapolis, is also planning to conduct classes here. In addition to instruction, both services plan selling of planes and parts. New Mail Route to Open Extension of air mail sendee on Route 9 to include Fond du Lac, Oshkosh, Appleton and Green Bay, Wis., has been authorized, effective Dec. 15, Postmaster Robert H. Bryson announced today. At present the route extends from Chicago to Milwaukee. The four new cities on the route will be furnished a special cancellation for use on air mail covers dispatched on the opening day. Plan Mail Test Flights Experimental air mail flights, daily except Sunday, from Dec. 10 to 29, between Winnipeg and Calgary by way of Regina, and between Regina and Edmonton by way of Saskatoon, have been announced by the Canadian administration. Only first-class matter prepaid at the air mail rate of 5 cents for the first ounce and 10 cents for each additional ounce will be conveyed. Registered and special delivery letters will be accepted. Special cachets have been authorized to commemorate the first official air mail services in *he prairie provinces. Stamp collectors wishing to obtain these cachets may forward letters under separate cover in advance to postmasters on the route.