Indianapolis Times, Volume 40, Number 174, Indianapolis, Marion County, 11 December 1928 — Page 14

PAGE 14

STOCKS HOLD STRENGTH ON FIRSTTRADES Many Issues Register Gains as Market Confidence Is Renewed.

Average Stock Prices

Average 30 industrials Monday 263.95, up 6.62; 20 rails 144.33, up 1.08; 40 bonds 95.99, off .15. BY ELMER C. WALZER. United Press Financial Editor NEW YORk, Dec. 11.—Further evidence of renewed confidence in the stock market was seen at the opening today. Monday’s rally, which halted the demoralizing price drops of last week, contniued and prices rose. Radio Recovers The first sale was 200 shares of Wright Aero at 219, up 1. Five hundred shares of TJ. S. Steel were sold at 154%, up %: 800 Radio at 310%, up 5%; 1,500 Chrysler at 120, up V* ; 5,000 Radio-Keith-Orpheum at 38%, up 1%; 500 General Motors at 190%, up %. Railroad issues were in better demand. Missouri Pacific opened 1,200 shares at 64%, up 2%; New Haven 1,000 shares at 73%, up %, and Erie 1,900 share at 64%, up 1%. List Rallies The entire list continued to show the rallying tendencies in progress at the close yesterday. There was a tendency to play the market with caution, but this did not reduce volume of business on the opening as hundreds of buying orders had come in overnight. One sale of Packard was made involving 10,000 shares at 143%, up 4 points. This issue and Chrysler le r ' the motor division. Coppers were strong with the exception of Greene Cananea which lost a point to .143 %, Steels Up Steel shares followed the lead of United States Steel, with Bethlehem up a point. Kolster Radio rallied sharply to 63%, up 4%. Good-? year advanced 3 points to 101. Tickers were running behind a few minutes in the first half hour, with trading amounting to 649,600 shares. That, compared with 866,100 shares in the same period yesterday. Motors Strong Prices maintained a strong tone, with General Motors strengthening and such issues as International Telephone and Telegraph, International Nickel and Packard rising 4 to 6 points. Rails continued in good demand. Call money renewed at 8 per cent, comparing with the renewal rate of 9 per cent yesterday and the dossing last night of 7 per cent.

Banks and Exchange

Indianapolis bank clearings today were $4,748,000; debits. $7,880,000. NEW YORK STATEMENT Bil United Press NEW YORK, Dec. 11.—Bank clearings, $2,337,000,000; clearing house balance. $168,000,000; Federal Reserve Bank credit balance. $125,000,000. TREASURY STATEMENT /. Bn United Press WASHINGTON, Dec. 11.—The treasury net balance lor Dec. 8, was $49,188,236.67 Customs receipts this month to the Bth, were $14,198,511.84. CHICAGO STATEMENT bn Unitca Press CHICAGO, Dec. 111.—Bank clearings. $107,600,000; balances, $8,900,000.

Local Wagon Wheat

City grain elevators are paying $1.26 lor No. 2 red wheat and SI.OB for No. 2 hard. NEW YORK COFFEE RANGE _ High. Low. Closfe. January 14.95 March 14.45 14.30 14.45 May 13.68 13.60 13.68 Jul.V '. 13.05 13.02 13.05 September 12.75 12.70 12.75 December ‘ 15.18 15.15 15.18 Births Girls William and Kathryn McNally, Indiana Christian hospital. Edgar and Hazel Thompson, 2018 Houston. . . ~ Harry and Mable Troy, 5514 Lowell Ave. S. Donald and Dorothy Williams, 516 South Alabama. Josiah and Mildred Pemberton, 628 South West. Thomas and Ftossle Arnold, 513 South East. •* • ZinSley and Margaret Spratt, 226 Minkner. Henry and Esther Schmidt, 1537 Lawton’. Boys Robert and Inez Barrlck, 2143 Vi North Illinois. Arlie and Ruby Weaver. 714 South West. Andy and Ethel Simpson, 714 South Keystone. James and Verginia Weber, 1301 East Michigan. Ted and Helen Lacy, 849V2 Sanders. Deaths Hannah Black, 923 Camp, cerebral hemorrhage. Emil Hohenthal. 68, St. Vincent hospital. angina pectoris. Martha E. Malone. 71, 3550 North Capitol. hypostatic pneumonia. Chester Craig, 15, Riley hospital, acute nephritis. John Moody Porter, 54, 2715 Paris, myocarditis. Kate Miller, 78, 3216 North New Jersey, arteriosclerosis George Thomas, 3736 North Pennsylvania. accidental. Emily Drayer Zepp, 59, 2548 Park, bronchial pneumonia. Jaunlta Todd, 20, 4349 Central, acute cardiac dilitation. ... , Fleeta Ann Keske, 34, 1309 Fletcher, pulmonary ♦. berculpsU.' Mary Jane Rydiinski, 31, 1022 South Keystone, uremic poisoning. V \rie Evelyn Phillips, 11, city hospital, loba.- .pneumonia. * Elizabeth G. Blssellberg. 36, 1114 North Ewing, lethargic encephalitis. Dora Ellen Lunsford, 46, 424 Christian, carcinoma. w Jo James Jacobs. 5 mo., 1630 West Morris, lobar pneumonia. Wilbur Adolphus Fdndeau, 23, city hospital, accidental. Edward Donaldson, 52, Indiana Christian hospital, accidentalLula Mae Davie 53, 2918 South State, cerebral hemorrhage., George Griffin 69. 1149 West Twentyseventh cerebrai hemorrhage. John H. Ryan, 59, R. W. Long hospital, lobar pneumonia. Clarence K. Smith, 56, Indiana Christian hospital, cerebral hemorrhage. Peter Kinkman, 62, 852 South Illinois, chronic myocarditis. Ellen Ford, 73, St. Vincent’s hospital, accidental. Ot|o L. Cooper. 56, 336 E. Walnut, fatty degeneration of heart. American Telephone and Telegraph Company ®lS7th Dividend The regular quarterly dividend of Two Dollars and Twenty Five Cents ($2.25) per share will be paid on January 15, 1929, to stock holders of record at the close of business on December 20, 1928. H. BLAIR-SMITH, Treasury.

New York Stocks (By Thomson <Bs McKinnon) “~

—Dec. 11Railroads— Prev. High. Low. 12:00 close. Atchison 192 Atl Coast Line ... 167 Balt & Ohio 118 117% Canadian Pac ..229% 228% 228% 227% Chesa & Ohio ..200 196 200 197% Chcs Corp . 74 73 74 72 Vo Chi & N West.. 86 85Va 86 34% Chi Grt West.. 18% 16% 18 16% C R I & P 128% 125% Del & Hudson 182% 177>,i Del & Lacka 127% Erie 65 64% 64% 63% Erie Ist pfd ... 38% 38'% 38% 58% Grt Nor 108 108 111 Central 138% 137% Kan City South 85%* 82% 85% 82% M K & T 50% 49% 50% 49% Mo Pac pfd 123% 122% 123% 122 N Y Central ...182% 182% 182% 182 N Y C & St L 126% N Y N H & H.. 73% 73% 73% 72% Nor Pacific 107 % 106% 106’% 107% Norfolk & West 184'% Pennsylvania .. 70% 70 70% 69% P & W Va ... 140 Reading 104% 103'% Southern Ry ...143 142% 143 142% Southern Pac ..123% 123 123% 122 V, St Paul 32% 32% 32% 32% St Paul pfd ... 53% 52 53% 51% St L & S W 105% 103% 105 102 St L & S F 112% Texas & Pac .. .. ... 165 159 Union Pacific ..210 209 210 206% West Maryanld. 40% 39% 40% 39 Wabash 72% 72 , 72% 71 Rubbers— Ajax 9 ... Fisk 13% 13% 13% ... Goodrich 83% 83 83 Goodyear 102% 100 102 ... Kelly-Spgfld ... 21% 20% 21% ... United States... 39% 39’% 39% ... Equipments— Am Car & Fdy 92 91 Am B Shoe ... 'l4 43 44 42% Am Steel Fd 60 58 General Elec ...185 183% 183% 182 Gen Ry Signal.. 93% 92% 92% 92 N Y Air Brake 43 41% 41% 42 Pressed Stl Car 21% 20% 20% 20’ Pullman 83 82% 83 81% Westingh Airb .. 44% 44% 44% 44 Westingh Elec ..123% 122% 122% 121% Steels— Bethlehem 81% 80% 80% 79% Colorado Fuel.. 67% 65% 67% 65% Crucible 82'/. 82 28 81 ’/a Otis 33% 33% 33% 32% Inland Steel 70% Rep Iron & i3tl.. 80 78% 78% 77 U S Steel 155% 154% 154% 154 Vi Alloy 40 39% 40 39% Warren Fdy 28 26% 26% 24% Vanadium Corp. 92% 90% 91 90 Motors— Am Bosch Mag.. 40% 38% 40 38 Chandler 20% 20% 20% 20 * Chrysler Corp ..121% 120 120% 119% Conti Motors ... 17% 16% 17% 16% Graham Paige .. 47% 45% 47% 44% General Motors 192% 190% 191 Vi 190% Gen Mot (new) 78% 77% Hudson 83% 82% 83% 83% Hupp 74% 78% 74% 74 Mack Motor ....102 )Jl 101 98% Martin-Parry 16V, Reo 28% 27% Motor Wheel .. JB% 37% 38% 36 Nash 98% 97% 97% 96% Packard 145% 142% 144% 139% Peerless 18% 18% Pierce Arrow 25% Studebaker Cor.. 74% 73% 73% 73%' Stew Warner ...108% 108% 108% 107 Eaton Axle 59’A 57% 58% 57 Timken Bear ...142 139% 142 139 Wlllys-Overlapd.. 29% 28% 29% 29 Yellow Truck!... 36 34% 35% 33% White Motor .... 38'A 37‘A 38Vi 37‘A Mining— Am Smlt & Rfg 264 Vi 263 264 % 264 Anaconda Cop ..102% 101 102V4 99% Andes Corp 45 451/2 Cerro de Pasco .101% 100% 101% 99 Chile Copper .. 65 63% 64% 63% Greene Can Cop 150% 143% 148% 142 1 - Inspiration Cop. 42 41% 42 40 ' Int Nickel 212% 209% 212% 206% Kennecott Cop .137 135% 136% 134 Magma Cop ... 63 61% 62'A 60% Nev Cons 35% 34% 35 33% Texas Gulf Sul. 71% 71% 71% 70% U S Smelt 63% 62 % 63 61% Oils— Atlantic Rfg ... 57% 56% 57 54% Barnsdall (A) .. 41% 40% 41% 38% Freport Texas.. 44% 44 44% 44 Xndp Oil & Gas 31% 31% 31% 31% Marland Oil ... 43 42% 42% 42= Mid-Cont Petroi 373, 373? logo Oil & Tr.. 32% 32 32%. 30'A Pan-Am Pet 8.. 48% 47% 47% 47 Phillips Petrol.. 46% 46 46 45% Pro & Rfgrs ... 23’/a 23 23 23 Union of Cal... 52 51% 52 51 P“ r e OH ....... 26% 26% 26% 26 Royal Dutch .... ... 52 y. Shell ... 29Vi 28% lii% 28% Simms Petrol ... 23 23% 21% |‘ n C} a ‘r OH .... 38% 37'A 38% 36% Skelly Oi! 36% 35% 35% 35 V, Std Oil Cal .... 70% 70% 70% 69 Std Oil N J .... 53 52% 53 52 Std Oil N Y 39% 38% 39% 38% Texas Corp 65% 64% 65% 64% Transcontl 11 iov 4 11 io'/a White Eagle ... 36% 34% 36% 34% Industrials— i Adv Rujnely 53 35 Allis Chalmers .154 153 154 151 Allied Chemical 229 Vi 229 229 Vi 227‘4 Armour A 15% 15% 15% 15% Amer Can 99% 99% 99% 98% Am H L pfd 8 32 4 Am Safety Raz. 66% 65% 66% 66' - Re 41% 40% 41% 40% Am Wool 2511 24% 24% 24 Curtiss 135% 134’/i 134% 131 Coca Corn ... 162% 161% Conti Can 56% 55% 56% 54 Ccrtainteed 29 28% 29 28% Conyoleum 26 Vi 25% 25% 25% Davison Chem .. 57 56% 57 55 Du Pont ... ... 460 Famous Players 52% 52 52 51 Vi Fox A 92V 2 91 % 92% 9l' Gold Dust 131% 129% 131 128% Glidden 32% 32 32% 31% Int Paper , 66 Int Harvester ..333 330% 333 330 Lambert 121% 118% 120% 118 Loews 63% 62% 63% 62 May Stores 90 % 94% Montgom Ward..l29 127% 128% 324% Natl C R 90 89 89 86 Radio-Keith .... 38% 38% 38% 37 Owens Bottle ... 85% 85 85% 84 Radio Corp ....312 303 309 305 Real Silk 51% 49% 49% 49% Rem Rand 29% 28% 29 28’A Sears-Roebuck .163 162% 162% 161 Union Carabide 183 182% 182% 181 Victor, 123% 122% 122% 120% Univ Pipe 1 9% 19% 19% 19% ,U S Cs Ir Pipe ; 41 U s Indus Alco. .130 129% 130 128 Warner Bros B. .109% 108 108% 107% Utilities— Am Tel & Tel 187% Am Express 268 Aih Wat Wks... 67% 66% 67% 64% Brklyn-Manh T.. 67% 67% 67% 67% Col G & E 126% 125% 126% 124 Consol Gas 101% 99% 100% 98 Elec Pow & Lt 41% 40% 41% 39% Interboro . „ . 44 44 Nor Am C 0.... 87 85% 86 84% Natl Power ... 41 40% 41 40 S Cal Ed ... 52Vi 51% SW. Gas & E 1... 75% 75% 75% 51% Utilities Power.. .. ... 38 West Union Tel. 183 181 isi 173 Shinping— Am Inti C0rp...118% 116 116% 115% Am Ship & Com . . ... 3% 3% ’Atl Gulf & W I 42% Inti Mer M pfd 39% 39% 39% 34% United Fruit ... .. ... . 139 Foods— Am Sug Rfg 81% 81% 81% ... Kroger 116 115% 115% 114% Beechnut Pkg .. 83 81% 83 82 California Pkg.. 74% 74 74% 73'% Corn Products. 87% 87% 87% 87 Cudahy 64% 63 Cuban Am Sug 17 17 Fleischmann Cos. 79% 78% 79% 78 ’■ Jewel Tea ... 153 150 Natl Biscuit 179% 177 Natl Dairy 121 Vi 120% 121 % 119 Postum Cos 65% 65Vs 65% 65% Ward Baking B 16% 15’ Tobaccos— Am Sumatra .... 54 53% 54 53 Am Tob B 174% 173% Con Cigars 95% 92% eneral Cigar .. 64% 64% 64% 62% Hg & Meyers.. 86% 86 86% 86 Lorillard 26% 26% 26% 26 R J Reynolds.. .153 151 153 150 Tob Products B. .104% 103% 104% 102 United Cigar St 24% 24% 24% 23’' Schulte Ret Strs 45% 44% 44% 45% XD 75c.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Dec. 11.—If last week's money rates were justified by conditions in the money market, then there are only two explanations for yesterday’s important drop in the rate. Either liquidation was more extensive than appeared on the surface or the lower rate was a part of the program for the organized support. Os course, in matters of this kind we never can be certain. The facts are not available for public inspection but our opinioi is that the latter explanation is the real one and if we are the beneficiaries of support then it would be a great blunder to bank on this support indefinitely. Such a position will surely be followed by sad disappointment. We believe the market will have to pass through a very nervous period. There will be sharp rallies with shorts probably responsible and there will be sinking spells with stale long accounts responsible. In the meantime the very properous conditions in the country will create the foundation for another big market later on. WAR DEBT BILL PASSED House Approves Settlement of Austrian Obligation. " f I'llltril Pri DK WASHINGTON, Dec. 11. —The ; louse today by a vote of 40 to 26 ratified and sent to the senate a joint resolution approving settlement of Austria’s $34,000,000 war debt to the United States,

HOG RECEIPTS FAIL TO HURT MARKET MUCH Cattle Are Largely a Steer Run, With Little Early Action. Dec. Bulk. Top. Receipts. 4. $8.75 $8.75 17,000 5. 8.75 8.85 15.000 6. 8.65 8.75 10,000 7. 8.85 8.90 11,000 8. 8.65 8.65 15,000 10. 8.65 8.65 12,000 11 8.60 8.65 14,000 Continued heavy receipts failed to move the hog market much today, prices being generally steady to 5 cents off. Receipts were 14,000; holdover#, 276. The bulk. 160 to 300 pounds, were selling at ¥8.60, with a top price paid of $8.65. • The cattle market was largely a steer run, with not much early action. Bids were recorded 25 to 50 cents lower. Vealers were steady at $16.50 down. Lambs were little changed at the yards. The bulk of better grades going at a price range of $12.50 to $13.25. Top price was $13.50. Fat ewes were steady at $5 to $6.50. Chicago hog receipts were 55,000, including 3,000 directs. Market slow with a few bids at $8.60 to $8.65 on choice 190 to 230-pound weights. Cattle receipts were 14,000; sheep, 13,000. Hog prices at the city yards today were: 250 to 350 pounds, $8.25 to $8.60; 200 to 250 pounds, $8.60 to $8.65; 160 to 200 pounds, $8.60 to $8.65; 130 to 160 pounds, $8.15 to $8,555; 90 to 130 pounds, $7 to $8; packing sows, $7 to SB. Cattle receipts were 1,750; calves, 800. Beef steers, $9.50 to sls; beef cows, $7 to $9; low cutter and cutter cows, $5.25 to $6.50; vealers, sls to $16.50; heavy calves, $6.50 to $11; bulk stock and feeder steers, $8 to sll. Sheep ' receipts, 1,200. Top fat lambs, $13.75 quotable; bulk fat lambs, sl2 to $13,425; bulk cull lambs, $7 to $9; bulk fat ewes, $5 to $6.50. —Hogs— Receipts, 14,000; market, steady. 250-350 lbs $ 8.25(fi! 8.60 200-250 lbs 8.60(3! 8.65 160-200 lbs 8.604i’ 8.65 130-160 lbs 8.154i 8.55 90-130 lbs 7.00® 8.00 Packing sows 7.00® 8.00 —CattleReceipts, 1,750: market, steady. Beef steers $ 9.504i 15.00 Beef cows 7.00(3! 9.00 Low cutters and cutter cows. 5.25® 6.50 Bulk stock and feeder steers.. [email protected] —Calves— Receipts, 8,000; market, steady. Best veals .$15.00® 16.50 Heavy calves [email protected] —Sheep— Receipts. 1,200; market. Steady. Top fat lambs ...$13.75 Bulk fat lambs 12.00® 13.25 Bulk cull lambs 7.00® 9.00 Bulk fat eweS 5.00® 6.50 Other Livestock B/i United Press • CHICAGO, Dec. 11.—Hogs—Receipts, 55,000; market steady to 5c lower; top. $8.70 on 240-280-lb. averages; later trades 5® 10c lower; butcher, medium to choice 250-350 lbs., $8.304,8.70; 200-250 lbs., [email protected]: 160-200 lbs., $8.254,8.65; 130-160 lbs., $7.50 @8.60; packing sows. [email protected]; pigs, medium to choice, 90-130 lbs.. s7@B. Cattle— Receipts, 14,000; calves. 3,00; fed steers and yearlings steady to 25c lower; lower grades predominating; she-stock and bulls dull: vealers 254,50 c lower; slaughter classes, steers, good and choice 1,300-1,500 lbs., [email protected]; 1.100-1,300 lbs., sl3<& 16.75; 950-1,100 lbs., $134,17; common and medium 850 lbs., $94)13; fed yearlings, good and choice. 750-950 lbs., $12.75® 16.50; heifers, good and choice. 850 lbs. down, $11.75® 14.75; common and medium. $8.25 @11.75; cows, good and choice. $8.2541 18.50; common and medium, $6.25(fi 8.25; low cutter and cutter, $; .254)6.50; bulls, rood and choice, beef, $9,404)11.50: cutter vo medium. $74,9.35; vealers, milk fed. Rood and choice, $12@14; medium, sll® 12; cuU and common, $7,504,11; stockers and feeder steers, good and choice, all weights, $11.25@12; common and medium, [email protected]. Sheep—Receipts, 13.000; market steady to weak; fat lambs, $13.75® 14.10; top ewes, $7.25; sheep down; lambs, good and choice, 92 lbs. down. $13,254, 14.15; medium. $11,754, 13.25; culll and common, [email protected]; ewes, medium to choice, 150 lbs. down, [email protected]; cull and common. $24,5.50; feeder lambs, good and choice. $12.73® 13.85. Bu United Press . H NC £ N £ ATI ' Dec. 11.-Hogs—Receipts, 4,600; holdovers, 1,090; market 10@20c down; 250-350 lbs.. [email protected]; 200-250 lbs. $8.504,8.75; 160-200 lbs.. $8.404,8.75; 130160 lbs., $84,*.50; 90-130 lbs.. $6.754,8.25; packing sows, $6.25®7.25. Cattle Receipts. 450; market steady; beef steers. $8.75@13; beef cows. $6,504,9; vealers sl2 4,15; bulk Stocker qnd feeder steers, s9® 10.50. Calves—Receipts, 300: light yearling steers and heifers. s9@l4; low cutter and cutter cows, $54,6.25; heavy calves. $94, 14. Sheep—Receipts. 275; market steady; top fat lambs, $13.50; bulk fat lambs. sl2 @13.50; bulk cull lambs, s6®lo; bulk fat ewes, [email protected]. B if United Press EAST BUFFALO. Dec. 11.—Hogs Receipts, 1,100; holdovers, 3,900; market steady to 10c down; 250-350 lbs., $8,754,9-200-250 Ibs„ $8.75@9: 160-200 lbs., $8,754)' 9 ; „ 130-160 lbs., $8.25® 9; 90-130 lbs., $8.25 ® 8.50; packing sows, $7.50@8. Cattle—Resteady; beef steers, ?!lv s( l£‘ii' 75 % b , eef cows - ¥8®9.75; vealers, sl7®: 17.50. Calves—Receipts. 100: Tnarket slow to steady; light yearling steers and heifers. $124,15. Sheep—Receipts, 100; holdovers, 1,100; market steady; bulk culi lambs, $8,25® 10.75; bulk fat lambs, $144, 14.50; bulk fat ewes, $6®6.75. Bu United Press LOUISVILLE, Ky., Dec. 11.—Hogs—Receipts, 1,000; market, 15c lower; heavy and medium hogs, 180 lbs. up. $8.054,8.55pigs and lights. 180 lbs. down, $6,454, 7.95; stags and throwouts, $6.354,6.95. Cattle—Receipts, 200; market steady; prime heavy steers, $124713.50; heavy shipping steers, $104)12; medium and plain steers. $8,504,10; fat heifers. $7,504, 12; good to choice cows, $7.504,9.50; medium to good cows. $64,7.50; cutters. $5,504,6; canners. $4.504,5.25; bulls, $64,8.50; feeders. sß® 11.50; stockers, $8.50® 11. Calves —Receipts. 100: market. 50c lower; good to choice. $124,14; medium to good, $8.50® 11; outs. $8.50 down. Sheep—Receipts, 200; market steady; lambs. $114,11.50; seconds, $7.50 478; sheep, $44,6; bucks. $34,3.50. Monday’s Shipments—Cattle, 482; calves, 434; hogs, 1,046. Bu United I‘ress PITTSBURGH. Dec. 11.—Hogs—Receipts, 2,000, market- steady to weaker; 250-350 lbs.. $8.904,9.10; 200-250 lbs., $94,9.15; 160-200 lbs., $8.754,9.15; 130-160 lbs., $8.35 4,9; 90-130 lbs., $84,8.50; packing sows, $7.254,7.75. Cattle—Receipts. 25; market, steady; beef steers. $114,14; beef coWs, $8 4)9.50; vealers. $134,-17.50. Calves—Receipts, 100; light yearling steers and heifers, s9®l3; low cutters and cutter cows, $54,7.50; heavy calves, $104,16. Sheep—Receipts, 100; market, strong to 25c up; top fat lambs, $14.25; bulk fat lambs, $124)14.25; bulk cull lambs, SB4, 10.50; bulk fat ewes $5.504,6.75. Bu United Press FT. WAYNE. Ind., Dec. 11.—Calves— Receipts, 75. Hogs—Receipts, 900. Sheep —Receipts. 400; market, steady; 90-120 lbs. $7; 120-140 lbs.. $7.50: 140-160 lbs.. $8; 160-180 lbs.. $8.25; 180-200 lbs., $8.45; 200-225 lbs., $8.30; 225-275 lbs., $8.20; 275-350 lbs., $8; roughs. $7.25; stags, $5. Calves—sl6. Lambs—sl3. BIBLE CLUB TO MEET ‘Un-Bred and College-Breds’ Is Topic for Talk. “Un-Breds and College-Breds,” will be the subject of an address by Lynn A. Tripp, social service secretary of the Indianapolis Church Federation, will deliver Wednesday night before the Bible Investigation Club in the Y. M. C. A. auditorium. The lecture is one of a series on the general theme, “Why Young Men Misbehave.” The meeting, open to men only, will be preceded by an old-fashioned bean supper.

THE INDIANAPOLIS TIMES

The City in Brief

Roy P. Wischart, superintendent ot public instruction, and E. B. Butler, statistical and educational reference director of the state education department, are attending a state superintendents conference in Washington, D. C. They also will attend a meeting of the American Vocational Educational (Association at Philadelphia, Pa., Thursday and Friday. Liabilities amounting to $120,232 and assets of $62,150 are listed by Della B. McLeland, of Kemptoa, Clinton county, who has filed a voluntary bankruptcy petition in federal court. Upon completing a sixty-day vagrancy term at the Indiana state farm, Marvin Richards was ordered removed to Louisville, Ky., where he faces white slave charges in federal court Monday. He was charged with taking two girls, aged 14 and 17 years, from Cloversport, Ky., to Evansville, where he was arrested. He declared he had given the girls a ride when he passed them "hitchhiking” on the road. Acquisition of twenty-nine new Mack busses for use on Its lines m Indiana and Ohio was announced today by the Interstate Transit, Inc. of Cincinnati. The company operates a Cincinnati-Indianapolls line Dr. IV. A. Rawles, dean of the Indiana university school of commerce and finance, will be the principal speaker at the annual banquet of the Traffiic Club Thursday night at the Columbia Club. C. C. Younggreen, Milwaukee, president of the International Advertising Association, will speak at) the Advertising Club luncheon Thursday at the Columbia Club. All former member of the club and members of the advertising clubs of Muncie and Lafayette have been invited to the meeting. Reports will be given and directors elected at the annual dinner of the Indianapolis Humane Society at the Chamber of Commerce Jan. 7, it was announced Monday night, following a meeting of the board of directors. W. P. Hargon, secretary, and Harley W. Rohdehamel, president, will be in charge. Urging members to become acquainted with the national program of the American Legion, Paul V. McNutt, Eloomington, Ind., national commander of the legion, spoke Monday night before the Hilton U. Brown post of the legion at the Spink-Arms. Dr. H. O. Pritchard, national secretary of the educational board of the Disciples of Christ, will speak on “Tendencies of Present-day Education” at the Central Christian church, Thursday night. Dr. H. E. Bernard, president of the American Honey Institute, today received a cablegram from James Ecroyd, secretary of the National Beekeepers Association of New Zealand, stating that a ton of honey had been provided the Commander Byrd’s polar expedition Barnard had asked that the honey be supplied when the expedition left Dunedin, New Zealand. E. C. Wolcott of Chicago, director of health and education of the Blue Valley Instiute, spoke on “Health” at the University Club luncheon a! the Columbia Club today. Members of the staff of Orville Engle, state superintendent of buildings and grounds, were guests of Henry Roberts, state sales agent, at a possum, rabbit, duck, chicken and turkey dinner in the Statehouse basement Monday noon. Governor Ed Jackson, Alfred Hogston, state fire marshal; Dailey McCoy, state purchasing agent, and newspapermen attended. Police of several cities have been askd to search for Isaac De Pugh, 82, of 933 Church street, who departed from hpme Saturday to visit, his wife in Toledo. He has not been seen since in either city. Parent-Teacher Association of School 72, Thirtieth and School streets, will give a Christmas party at 8 p. m. Wednesday, according to Mrs. E. M. Lindsey, president. Mrs. Sarah Spangler, 68, housekeper at the home of Mrs. Henrietta Kettering, 3514 Winthrop avenue, was found dead in her bed at the home today. Death was due to a heart attack, according to Coroner C. H. Keever. • James R. Brown of New York City, a noted taxation authority, will speak at the Kiwanis Club luncheon at the Claypool Wednesday. His subject will be “Taxation —What It Is and How It Should Be Applied." Brown is the president of the Manhattan Single Tax Club, which was founded by Henry George. Bids for from twenty-five to forty snow plows were received today by the state highway commission. Director John D. Williams stated that the successful bidders will not be announced until the bids are tabulated and group and individual costs considered. Mayor L. Ert Slack will attend a dinner of the Franklin Commandery No. 23, Knights Templar, tonight at the Franklin Masonic temple. W. W. Suckow, Franklin, grand commander of Indiana, is to be host to past eminent commanders. Slack is a past eminent commander of the Franklin commandery. "A reputation for serving good food travels fast, but that of serving bad food travels faster,” said W. R. Schafer of the Edison Electric Appliance Company, Chicago, talk ing on “Commercial Cooking and Baking” before the Indiana Electric Light Association convention at the Columbia Club today. “Those electric ovens can always be sure of serving good foods, he said. Hearing on preliminary restrain ing order against interference and strike of union structural iron workers at the L. S. Ayres & Cos addition, sought by the Metal Dooi and Trim Company, Chicago, in federal court, today was postponed until 9:30 a. m. Monday.

PLAN BIRTHDAY MEMORIAL FOR PHILANTHROPIST Late Mrs. C. J. Walker to Be Honored by Negro Women’s Club. The birthday observance of the late Mrs. C. J. Walker, who was a local manufacturer and philanthropist of the Negro race, is to be held Dec. 17 at the Shiloh Baptist church. Walnut and West streets. The meeting is to be under auspices of the colored Woman’s Republican Club, Inc. Mrs. Daneva Wines Donnell is president. “Our organization was established in 1925 and proposes to study and assist in all community efforts,” asserted Mrs. Wines. Mrs. Wines said: “Mrs. C. J. Walker was a true type of Negro womanhood and her life is being emulated all over America by women of her race.” The Madam Walker building, Walnpt and West streets, is a part of the million dollar estate left by Mrs. Walker to her daughter and Negro charities. Addresses on Program Monday night’s program will include addresses by Mrs. Ora Locklear on “Women in Insurance”; Dr Mary Hiatt, “The Woman Physician”; and the “The Women of the Church” by Mrs. Gertrude B. Hill, a city club leader. John F. Johnson, of the Indian apolis Times, will speak on “Madam Walker—The Example.” Mrs. Florence Finley and Miss Helen Poaci are to give special selections. Devotions will be led by Miss Alice P Kelly, an intimate friend of Mrs Walker. Mrs. Wines will preside. Other officers of the club are: Mrs. Susan Harper, Mrs. Allie Cheatham and Mrs. Lucy Hayden vice-presidents; Miss Plecie Bigsbec and Mrs. Myrtle Robinson, assistant secretaries; Miss Della Fox, treasurer; and Miss Cora Jackson, chaplain. Directors are: Mrs. Sallie Taylor Mrs. Anna J. Bunch, Mrs. Gertrude Brewer, Mrs. Lillian Bailey, Mrs. Ada Dickerson, Mrs. Ella Settles Mrs. Carrie Parker, Mrs. Willa Mae Johnson, Mrs. Nettie Bass, Mrs. Fannie Trabue, Mrs. Dortgory John son and Mrs. Geniveve Alley. Luncheon Scheduled Teachers of school 42 will give a special luncheon Wednesday. Dec. 12, in honor of Mrs. Clara Hill, recently elected president of the State Music Promoters Association. Ernest G. Hesser, director of music in the city schools, will sing and Mrs. Lenora Coffin, supervisor of music appreciation, will gave a talk. Miss Mae Belcher entertained the Y. W. C. A. staff with a dinner party recently at the home of Mrs. Charles Lewis, 620 West Vermont. Games and music were a part of the program. Plans for a Christmas tree festival on Dec. 15, and an open forum on Dec. 16, were made at a recent meeting of the girls’ council. Pupils of Mrs. W. E. Brown's class in expression and Mrs. Sue Artis’s aesthetic art class will present five scenes from Maeterlinck’s “Bluebird,” at the Walker theater, Saturday afternoon. The cast has twenty-five children. Rehearse Christmas Program Rehearsals for a Christmas program to be given on Monday, Dec. 24, are being held each Monday and Tuesday at Mt. Paran Baptist church. The program is under the auspices of the Sunday school. Election of officers will be held at the meeting of the Business and Professional Women’s Club tonight at the Phyllis Wheatly branch. Mrs. Daneva Donnell Wines is president. The health education department of the Y. W. C. A., will give a style show entitled “Upside Down or Right Side Up.” A movie from the state board of health, “Out of the Shadows,” will be shown. The Cardinal Club will give a matinee vaudeville Saturday, Dec. 29, at the Walker theater. Proceeds will go to establishe a public bath at the Flanner House for children of the community. The Parent-Teacher Club of School 42 will give a play entitled “Yesterday and Today,” at the building Wednesday night, Dec. 19, for the benefit of the school. Fashion Show Tonight The Old Settlers Social and Civic Club will meet tonight with Mr. and Mrs. George Kellar in Boulevard place. E. W. Diggs will go to Terre Haute Saturday to start anew chapter of the Kappa Alpha Psi at the Indiana State Teachers college. He will be accompanied by Mrs. Diggs. A large crowd is expected to attend the annual fashion show tonight at Tomlinson hall. The show is given for the benefit of the Orphans Home band. Mrs. Vena Gray is chariman. Rehearsals are in progress for the presentation of the “Fool,” by the Kappa Alpha Psi. The play is to be given during the holidays at the Walker theater. Mrs. Lillian Brown is director.

BUY CHRISTMAS SEALS 20,000 Sold to F,moloyes of Real Silk M ils. Twenty thousand Christmas seals already have been purchased by employes of the Real Silk Hosiery Mills under a special sales system devised by J. L. Miller, assistant general manager, the Marion County Tuberculosis Association announced today A turkey and other prizes are offered in a sales contest of the antituberculosis seals and plant officials expect the number already sold to be doubled before Christmas. Noted Law Professor Dies Bu X’nPe-d Press CHICAGO, Dec. 11.—Professor Floyd Mechem, who was recognized throughout the world as'an authority on laws governing partnerships, died today of bronchial pueui ’.onia.

HELLO! WE DIE!

Last Words of Two by Phone

TWO men are dead in Indiana today after using telephones for their last words. “Come quick—l need you,” was the message of Frank Burlingham, La Porte, calling his wife from whom he had been separated three years. She rushed to the city from her country home, and found her husband’s body stretched across a bed. He had not placed the receiver back on the hook after the call. Coroner Charles E. Mayfield

W. H. BLOCK SR. OIESSUDDENLY End Comes Unexpectedly for Merchant. (Continued From Page 1.) ed needy ones. He made several large donations to the fund. Mr. Block was a large contributor to the Community Fund, the Methodist and James Whitcomb Riley hospitals and Butler college, besides his donations to institutions over the state and countless gifts to causes others never heard of. His interest was in his business and his home. He took a marked interest in civic enterprises, but did not attend luncheon clubs. The smoke, he told friends, was offensive. Played Golf with Sons He was a member of the Broadmoor Country Club and played golf mostly by himself or with his sons declining, on the plea that he was slow, to engage in games with others. He read widely and at no time sought public mention. All his capital was invested in Indiana, mostly in Indianapolis. He owned much business property Though it is unavailable from authentic sources, observers estimate his store does a $15,000,000 annual gross business. Mr. Block a few years ago acquired from the Winslow estate the 75-foot-front building on Market street adjoining his store, which, when put under his roof, makes the store extend over a quarter block. He belonged to the Chamber of Commerce and the Merchants’ Association. He was one of the founders of the Merchants Heat and Light Company. He had no fraternal connections.

JOHNSON SCORES Boulder Dam Amendment Is Defeated. WASHINGTON, Dec. 11.—The Boulder Dam dispute warmed up in the senate today when Senator Hiram Johnson, in charge of the bill, threatened to force all-night sessions, and for the first time in seven years opponents of the measure permitted a vote to be taken on an amendment. Johnson won, 48 to 29, defeating the amendmeni which would have limited California’s allotment of the Colorado river waters to be impounded by the proposed dam. His victory marked the first official sign of progress the bill has made since filibusters were instituted against it by its opponents in the last two sessions of congress-

DRY AGENTQUIZ SET 34 Candidates to Take Mental Tests Saturday. Thirty-four candidates for dry agent berths will take the written mental examination at the office of Henry M. Trimpe. local civil service secretary, Saturday. Among those taking the examination here will be three present agents who failed in the first examination, and a fourth agent who was too young to take the first examination. COMMISSION oUsTST MUNICIPAL COUNSEL Michigan City Attorney Dismissed After Fund Diversion Advice. Bu United Press MICHIGAN CITY, Ind., Dec. 11. —City Attorney Walter C. Williams has been dismissed by the city commission of Michigan City. His ruling on the diversion of city funds from different department resulting in a recent report of Lawrence Orr, chief of the state board of accounts, alleging overdrafts in accounts of William Billings, city financial director, was the cause for his dismissal, it was said. Williams ruled that it was lawful to take money from one fund to make up a shortage in another. It was intimated by the commission that Billings’ resignation would be demanded. convTct asks help Auto Theft Prisoner Wants Princeton Police Chief’s Aid for Parole. By United Press PRINCETON. Ind., Dec. 11.—A prisoner in the Southern Illinois penitentiary, at Menard, Mo., has asked Police Chief Higgins of Princeton to sign parole papers for his release. In a letter which contained parole papers, Russell C. Ashby, 24, who several months ago was arrested at Patoka and charged with automobile theft, requested that the chief or some other person vouch for his release. His arrest at Patoka resulted in the sentence. Ashby says he has relatives >r Princeton, Patoka, and Evansville. Elected Head of Royal Academy Bis United Press LONDON, Dec. 11.—Sir William Llewellyn, eminent portrait painter, has been elected president of the Royal Academy.

said death was due to heart disease. The couple, married in 1925, lived together only three months. David Dwyer, 65, Hammond, called his son, Bernard, at Hessville, telling him to come to him at once. Then he swallowed the contents of a bottle of poison and turned on the burners of a gas stove. His son found him unconscious and he died en route to a hospital. He had been separated from his wife.

Plan Concert

||p ?

Robert Geis

Southport lodge, No. 270, F. and A. M., will give the second of the winter series of free concerts tonight at the Second Presbyterian church. Carl Frye and Robert Geis of-the Arthur Jordan Conservatory of Music, and Lora Hendricks of the Hewes College of Fine Arts will appear on the program.

TRACE Arrest of Flapper Slayer in 24 Hours Expected. Bu United Press CANTON, 0.. Dec. 11. —Capture of the gun-girl who killed Vernard Fearn, young Waco coal dealer, last Thursday, was believed impending today. Sheriff Edward Gibson has obtained her name and also her supposed destination when she fled from Canton, ne announced today. The gun-girl called Fearn to the door of his home, then, without apparent motive, shot him down. “I say, with confidence, that she will be found, probably within twenty-four hours,” Gibson declared. BILLION BACKS CHAIN Huge Store Organization Is Announced by Hahn. B/f l nitril Press NEW YORK, Dec. 11.—Now there is to be a chain of department stores selling goods valued at more than one billion dollars annually. Hahn Department Stores, Inc., headed by Lew Hahn, former managing director of the National Retail Drygoods Association, announced today it had acquired twenty-two departmeent stores in many parts of the country and was negotiating to buy more. The chain store company will be the largest organization of retail department stores in the world.

OFFICERS RE-ELECTED Indiana ' Mental Hygiene Society Ends Parley. All officers of the Indiana Society for Mental Hygiene were re-elected Monday night at the final session of the organization’s thirteenth annual convention in the Claypool. They are: Amos W. Butler, Indianapolis, president; Mrs. W. N. Short, Salem, vice-president; Evans Woollen, Indianapolis, treasurer, and John A. Brown, Indianapolis, secretary. MARION MAN, 83, FACES LOVE SUIT FOR $50,000 Divorcee, 23, Alleges Breach of Promise to Wed. B.p Times Special MARION, Ind., Dec. 11.—Sixty years separate ages of Colonel Daniel Gunder and Mrs. Ada Lippens, defendant and plaintiff respectively in a $50,000 breach of promise suit on file in Grant circuit court here. According to Mrs. Lippens, 23, a divorcee, the colonel, 83, gave her S3OO, S6OO and S9OO at three different times for the purpose of buying wedding attire, and then refused to marry her. A few weeks ago Colonel Gunder caused the young woman’s arrest on a charge of obtaining money under false pretenses. He asserted he gave her nearly $4,000 in the belief tha* she would become his wife, but that she refused to go through a marriage ceremony. Building Permits C. G. Horstman, addition, 134 North Sheffield. $l5O. L. Bridge, oil burner. 3241 Park. SSOO. M. Rudbeck, garage, 3833 Graceland, S3OO. v Tiffany Laundry, repairs, 25 West McLean place, $3,000. Quinn & McCoy, 1240 North Warman, SBSO. L. M. Da ringer, dwelling, 1020 North Gladstone, $3,600. W. B. Wood, dwelling, 1716 Dawson, $2,400. R. M. Collins, dwelling, 950 Hervey, $6,500.

DEC. 11,1928

GRAIN TRADERS STILL WITHOUT MARKET NEWS Weather Over All Belts Is Generally Favorable. Bis United Press CHICAGO, Dec. 11.—Wheat traders today were still without perspective on the market and prices were little changed. Corn was uncertain. Oats were steady. At the opening wheat was unchanged to Vs cent lower, corn ranged from % cent off to % cent up and oats were unchanged to % cent up. Provisions were unchanged. Weather conditions over the Canadian and domestic wheaifc belts continue generally favorable. There is little foreign news of significance. World shipments on wheat decreased 5,249,000 bushels. Deliveries on December contracts were 55,000 bushels. Exceptionally favorable weather over the corn belt is being opposed by the fact that industries have been absorbing all receipts and decreasing the effect of this bearish factor in the market. Farmers continue to hold their corn in quantity. The visible supply of oats decreased 1,032,000 bushels in the last week, and this, together with country stubbornness, has been the chief sustaining factor. Chicago Grain Table —Dec. 11WHEAT— Prev. High. Low. Close close. Dec 1.15 1.14% 1.14% 1.14% March 1.18% 1.18 1.18 V) 1.18% May 1.21% 1.20% 1.21% 1.20% Dec 83% .82% .83 V. .83% March 86% .85% .86% .85% Mav 89% .88% .89% .88% OATS— Dec. 48 V. .47% .48 .47% March 47% .47% .47% .47% Mav 48% .47% .48% .47% RYE— Dec 1.00 .99% .99% .99% March 1.03% 1.02% 1.03% 1.02% Mav 1.05% 1.04% 1.05% 1.04% LARD— Dec 11.97 11.95 10.97 10.95 Jan 11.55 11.55 11.55 11.55 March 1180 11.80 Mav 12.05 12.05 RIBS— Dec 10.35 10.40 Jan 10.60 10.65 Bfi Times Special CHICAGO, Dec. 11.—Carlots: Wheat. 53; corn. 772; oats, 84; rye, 15; barley, 28.

Produce Markets

Butter (wholesale*—No. 1, 55(<(56c, No. 2, 51#52c. Butterfat. 54c a lb. Cheese -wholesale selling prices per pound! —American leaf. 33; pimento oaf 35c Wisconsin flat. 27c; prime cream 27c; Daisv. 27c: Longhorn 27c: New York lliiberger. 30c Eggs—Bnyine prlecs - Fresh delivered at Indianapolis, loss of 45c. Poultry (buying prices! Hens, 235$ 24c; Leghorn hens large breed. 2 lbs. and up, 235i24c; 1 to 13/l 3 / lbs., large. 19#20c; Leghorns. 18®20<; old roosters largee. 124® 15c; small )o*i> 12c; ducks 15iT7c: geose. 14c; guineas young 50c: old, 33c: turkeys. No 1 young toms. 12 lbs and up. 36®38c; No 1 young hens, 36c a lb. No. 1 old toms. 22(fi) 25c: No 2 old hens. 25#30e a lb. AIR MAIL SETS MARK Carry Letters From Washington to Alaska in Five Days. Up Vnileil Tress WASHINGTON, Dec. 11.—A new speed record of five days for delivering mail matter from Washington to Alaska was announced today by the postoffice department. Air mail planes flew the mail as far north as Pasco, Wash., where they were placed on a boat for Seattle. From there, the long trip vas continued by plane and boat to Ketchikan, Alaska. Death Notices APPEL. JOHN J—Passed away at the residence, 4047 N. Pennsylvania St.. Monday. Dec. 10. Funeral services at residence Wednesday, Dec. 12, 2:30 p. m. Friends invited. Burial private. Please omit flowers. DENNETT. ANNA—Beloved mother of Charles Dennett, departed this life Monday. Dec. 10, age 56 years. Funeral Thursday, Dec. 13. at Moore & Kirk funeral home. 2530 Station St„ 2 p. m. Burial Memorial Park cemetery. Friends invited. FEHR, ELMER E.—Age 29 years, beloved husband of Fern Fehr, nee Johnson, and son of Mr. and Mrs. John C. Fehr. passed away at the Methodist hospital. Dec. 10. 5 a. m. Funeral from home of parents, 1302 Woodlawn. Wednesday, at 2 p. m. Friends invited. Burial at Crown Hill. SCHNEIDER, THEREISA MAY DELL—Beloved wife ol Carl Harold, mother of Edith and Roy Schneider, daughter of Charles E. and Myrtle Dell, sister of Jessie Dell, passed away early Monday morning at the home. 112 S. Bancroft. Funeral services at the home Wednesday, Dec. 12. at 2 p. m. Burial at Washington Park cemetery.

Funeral Directors ~ W T. BLASENGYM~ Main office 2226 Shelby st. _______ Drexei 2570. FINN BROS. FUNERAL HOME 1639 N. MERIDIAN TA. 1835. George Grinsteiner Funeral director. 522 E. Market. Riley 5374. G. H. HERRMANN 1722 S. East st. Dr. 4477. UNDERTAKERS HISEY & TITUS 931 N Delaware. LI. 3828. “A Real Home lor Service.” RAGSDALE & PRICE LI. 3608 1219 N. Alabama. I C WILSON Funeral oarlors, ambulance service and modern automotive eauloment Dr 032’ and Dr 0322 T ransportation YELLOWAY Coast to Coast Busses Finest on the Highways. Sale Comlortable. Luxurious. Chicago, $4.00 Los Angeles. $52.00 St. Louis. $5 00 Pittsburgh. $8.50 Kansas Cltv. $lO 00 Dayton. $3 00 Denver $23.50 New York $18.50 "YELLOWAY PIONEER STAGES. INC.” Depot Dennison Hotel. Rllev 2278. Lost and Found FOX TERRIER—MaIe, black and white; child's pet. Liberal reward. Ch. 6839-M. PARTY--Who took man's gray overcoat by mistake from McCoy Battery Shop Satur. please return: man needs. Reward. Rl. 3719. Ha. 07&5-W. POCKETBOOK—Dark blue; lost H. P. Wasson's Satur. afternoon, by working person. Reward, Dr, 5329. PUP—English bull, brlndle, white mark on face, brst: bob tall; liar’ss, Rew. Ch. 1948. TERRIER -Black and tan; child's pet. Pise brig him home. 1521 College. LI. 6164, WRIST WATCH—Man's; lost at 42nd and College Ave. in accident Saturday evenlng. E. R. STEEP, Hu. 1933. Instructions PRlETZ—Saxophone School, 128 Pembroke Arcade. With Rhine Music Cos., LI. 0333. VOCAL LESSON, $1 - VIOLIN. *l. 11l PEMBROKE ARCADE. LI. Special Notices CHAS FRIEHOFER BAKING"cU Quality bread and cakes Service dally to your door Dr 5600. WILL IVAN HlNSON—Pitase write his mother at once. Very important. Address MRS. DAN HINSON. Mars Hill. Ind. UNION MADE WORK CLOTFTS— EndlOOt* Johnson shoes HANKS. IIS Va Ave. XMAS' CARO ENVELOPES ADDRESSED—NEATLY DONE SPEC. PRICES. RI. 2050.