Indianapolis Times, Volume 40, Number 194, Indianapolis, Marion County, 3 January 1929 — Page 12

PAGE 12

PROFIT-TAKING IN STOCKS HIT OPENINGGAINS Vigorous Buying a Feature of Coppers as Export Price Goes Up.

Average Stock Prices

Average 30 industrials Wednesday 307.01, up 7.01: 30 rails 152.75, up 1.61; 40 bond* 90.10, up .11. BY ELMER C. WALZER .. United Press Financial Editor NEW YORK, Jan. 3.—Wednesday's impressive action of the gencral market brought a flood of buying into today’s early dealings and prices continued to move into new high record ground. Trading was again at large proportions as the speculative public rushed in to buy stocks. Radio featured the early dealings with a 2%-point advance to 397, while motors and rails firmed up. ■Special issues like Paramount and Fox film were in urgent demand. However, extensive profit-taking

“MONEY COULDN’T BUY THE HEALTH KONJOLA GAVE ME” Liver and Kidnev Trouble That Had Made Life Miserable, Quickly End by Herbal Compound. However stubborn the ailment, regardless of what medicines and treatments have failed, Konjola, the new medicine, comes like the rain after the long drouth, brngnig into being new life, new energy—new and lasting health.

MR. JOHN P. WOLSIFFER —Photo by National Studio.

Wherever Konjola, the supermedicine of 32 ingredients, is known, there are happy hundred.', eager to tell what this master medicine has done for them. How this advanced remedy accomplishes its amazing victories over ailments ox the stomach, liver, kidneys and bowels and rhematism, neuritis and nervousness is being explained daily by the Konjola Man, who is at the Hook Drug Store, Illinois and Washington streets, Indianapolis. There he is meeting every day those who. having heard of the amazing results that Konjola brings, wish to know what this medicine will dc for them. The Konjola Man car not make promises nor claims—he does not need to. He merely points out case upon case in which this remarkable medicine has triumphed when hope of ever seeing another well day had been abandoned. A typical case of how Konjola works is that of Mr. John P. Wol siffer, 1411 East Southern avenue, Indianapolis, who said to the Konjola Man recently: “Money couldn’t buy the health that Konjola gave me and I fee! it my duty to tell of the splendid experience I had with this medicine,” said Mr. Wolsiffer. “For the past two years I had been failing in health, and after trying prescriptions, medicines and treatments without end, I came to the conclusion that my case was hopeless. I had low blood pressure and poor circulation that caused a numbness in my arms and legs. Kidney and liver troubles were additional ailments. Constant night rising prevented me from getting the proper rest. My eyes had large puffs under them and my complexion was covered with liver .spotc. Severe pains in my back and shoulders made work almost impossible. In fact I was so rundown and tired that even if I sat down for a minute I was sure to fall asleep. I am a baker in one of the largest depart ment stores in Indianapolis and I felt certain I would be forced to give up my work. “One of my friends, knowing of my condition and that I had met only with disappointment in all my efforts to find relief, urged me to give Konjola a trial. Naturally I was doubtful, for all had failed me. But he was so insistent that I 'egon the treatment. Right from th start I began to feel better. The liver and kidneys responded ruicklr to the medicine, and six bottles taken in the course of six weeks, erased every vestige of my health troubles. I can sleep \tJ .light, my complexion is clear and healthy. All aches and pains are ended. 1 dc my work with more energy suit? take a greater interest in life. Today I am enjoying perfect heal to something I expected never to have again. It is indeed a pleasure to recommend Konjola, wonder It is known as the master medicine ” Konjola contains no harmf'u diugs, yet it soothes the tire i nerves, cleanses the system, stimulates the organs into normal activity, banishes pains and makes room for new health. Visit the Kono!a Man at Hook’s Drug Ctor* Illinois and Washington streets, this city, where he is meeting the public daily, introducing and ex plaining the merits of this mastei medicine.—Advertisement, ■ '• " ' - ■'

Banks and Exchange

Indianapolis bank clearings today were 56.602.0C0. debit* $12,976,000. NEW YORK STATEMENT By United Press NEW YORK. Jan. 3.—Bank clearings 2.487 000,000; clearing house balance $230000,000: federal reserve bank credit balance $178,000,000. CHICAGO STATEMENT Bu J'nited Press CHICAGO, Jan. 3.—Bank clearings, $175,600,000; balances, $11,900,000. TREASURY STATEMENT B‘i ? 'e'.ted Press WASHINGTON. Jan. 3.—Treasury net balance on Dec. 31 was $296,543,968.46. Customs receipts to that date totalled $45802,924.31. and short selling continued in the general list and early gains in most cases were limited to less than a point. General Electric lost 114 points to 244, and Montgomery Ward and Canadian Pacific both sold off fractionally. Vigorous buying continued in the coppers following the advance in the export price of 17 cen* a pound today. Anaconda gained lVs points on the initial sale, while Kennecott sold at anew record high with an advance of nearly a point. United States Steel sold at 164, a new high on the movement. Motor issues met with good buying under the leadership of Willys-Ov: .:?."4 which rose a point to another new high Missouri Pacific, Baltimore Ohio, New York Central, Missouri-Kansas-Texas were strong. Westinghouse Electric furnished a sensation shortly after the opening, selling CV> points higher at 149% on sales aggregating 12,000 shares. Amusements followed strength in Paramount with Loew’s opening a point higher at 66%, Utilities were in demand.

SETTLERS FACE LOSSOFHOMES Texas and Oklahoma Lock Horns Over Boundary. Bu United Press HOLLIS, Okla., Jan. 3.—Disputed territory is not confined to Paraguay and Bolivia, any Oklahoman living along the western boundary between Oklahoma and Texas is ready to tell the world. For a length of approximately 130 miles there is a narrow, wedge‘shaped strip of land, widening as it extends to the south, where hundreds of “Oklahbmans” face the possibility of losing their homes because the land on which they settled is now claimed by Texas. The wedge-shaped strip comprises 42,000 acres. A supreme court decision several years ago fixed the western Oklahoma border along the 100th meridian. A survey, conducted more recently, located the exact boundary and, to the dismay of a hundred families, revealed that the land the government had granted them as homesteaders no longer belonged to them, but to the state of Texas. The 100 families now must file claims in Texas. But, meanwhile, several Texas land sharks are said to be making efforts to file on the land before the present land owners have a chance. A call has been issued from Oklahoma City for the immediate formation of a western Oklahoma boundary association for the protection of rights and land titles of land holders residing in the strip of “no man’s land.”

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Jan. 3.—One must indeed be a confirmed pessimist to discover a single weak point in the business structure of the country. Perhaps the most favorable factor is to be found in the steel ? iustry. Instead of a year-end slowir - up we find tht fexact reverse. Acceleration and expanding operations to a point close to capacity. Maturing plans to electrify the York Central is another important project which naturally will have far reaching influence upon other ind”' - ’ries that will be called upon to supply raw materials, if conditions in the money market were more encouraging the picture would be about perfect. We have two sets of brokers loans statements today. Their influence marketwise, because of a substantial drop anticipated in the monthly statement, should be offsetting.

Commission Row

PRICES TO RETAILERS FRUITS Apples—Box Jonathan. [email protected]; basket Jonathan. $1.50 9 2.25; box Delicious. *2.504(2.75: box Grimes, $2.2592.75; basket Grimes. [email protected]; basket Winter Bahamas. $1.75®2. Cranberries—ss a 25-lb. box: $lO a 50lb. box. Grapes—Emperors, lugs, $3; kegs, $4.50; Almerla. keg. $7. Grapefruit—s3.so93.7s. Lemons—California, a crate, $7.2597.50. Limes—Jamaica. 100 by count, $2.25® * Oranges—California Valencia, a crate. ss.soi§ 6; Florida. $494.50. Persimmons—Japanese. $1.75@2; 40 to 70 count. Pears—Bose. box. $4 50: Anjau. $4.75. Strawberries —Florida. 90c a quart. * CUE,'4BLES Artichokes—sl.7s a dozen. Beans—Sou .here stringless. $5.50 a bushel. Cauliflower—California, $2.25. Eggplan -Dozen. *2. Kale—Virginia. *[email protected] bushel., Mustard-Fancy home-grown, a bushel, sl. Parsiey—Home-grown, dozen bunches, 50c. Peas—California,- $7.50 45-lb. box. Peppers—Florida, per crate. sl4; peck baskets. 43. RadUJies Button hothouse, dozen bunches 90c. Spinach—Fancy home-grown, a bushel $191.25. Tomatoes—California, repacked, a 6-bas-ket crate. ss®B: hothouse. 10-lb. basket, $3.50. Cabbage—Wisconsin, a lb., 3%@4c. Kale—Virginia kale. $2.50 a crate. Celery—California rough, a large crate. $6.5097. i Lettuce—California head, a crate *5.50 home-grown leaf, a bushel. $2 15®2.25.

Thomson & McKinnon INDIANAPOUS CHICAGO NEW IORK MEMBERS New fork Stock Exchange Chicago Board ot Trade New York Cotton Exchange Chicago Stork Exchange New York Curb Association 300 Fletcher American Bank Bldg. Telephone Lincoln 5501 --2-3-4-5-6

HOGS CONTINUE TO SHOW FIRM TONEATYARDS Cattle Steady, With Steers Scarce; Veals Steady at sl9 Top. Dec. Bulk. Top. Receipts. 27. *9.00 $9.00 11.000 23. 9.15 9.25 7,000 29. 9.00 9.00 6,000 30. 9.10 9.15 10.000 Jan. 2. 9.10 9.20 16,000 3. 9.25 9.25 9,000 Hogs continued strong today with prices generally 15 cents higher. The bulk, 150 to 300 pounds sold for $9.25. Receipts were estimated at 9,000. Holdovers were 334. Cattle were steady with not many beef steers on hand. Vealers held even, selling mostly at $18.50 down. Top price paid was sl9. Sheep and lambs held steady with top fat lambs going at $15.50. The bulk of good and choice ranged from sls to $15.50. Culls and throwouts were $8.50 to $13.50. Fat ewes were unchanged at $5 to $7. Chicago hog receipts today were 50,000, including 9,000 directs. Holdovers numbered 6,000. Market slow, with a. few bits steady to 10 cents lower than Wednesday’s average, of 10 to 25 cents lower than Wednesday’s best prices. $9 was paid for choice around 210 pounds. $8.75 was bid on 250 to 270-pound weight!; and $8.85 bid on choice weights around 230 pounds. Cattle receipts were 10,000; sheep, 17,000. Hoge prices at the city yards today were: 250 to 350 pounds, $8.75 to $9.25; 200 to 250 pounds, $9.25; 160 to 200 pounds, $9.25; 130 to 160 pounds, $8.85 to $9.25; 90 to 130 pounds, $7.65 to $8.75; packing sows, $7.50 to $8.25. Cattle receipts, 900; calves, 900. Beef steers, $ 10.50 to sls; beef cows, $7 to $9.50; low cutter and cutter cows, $5.25 to $6.75; vealers, $17.50 to sl9; heavy calves, $6.50 to $11; bulk Stocker and feeder steers, $8 to $10.50. Sheep receipts, 400; top fat lambs, $15.50; bulk fat lambs, $13.50 to sls; bulk cull lambs, $8.50 to $10.50; bulk fat ewes, $5 to $7.25. —Hogs— Receipts, 9.000; market, higher. 250-350 lbs ' * n os® 9-25 200-250 lbs 160-200 lbs q ok 90-130 lbs HI Packing sows 7.50@ 8.25 —Ca ttlc~~ Receipts, 900; market, steady. Beef steers Beef cows § 59 Low cutters and cutter cows.. 5.25@ 6.75 Bulk stock and feeder steers.. [email protected] —Calves — Receipts 900; market, steady. Best veals [email protected] Heavy calves [email protected] —Sheep— Receipts, 400; market steady. Top fat lambs nn Bulk fat lambs 1 2''?8§}n , 22 Bulk cull iambs {[email protected] Bulk fat ewes 5.00@ 7.2d Other Livestock By United Press CHICAGO, Jan. 3.- Hogs Receipts, 50.000; market, mostly 10 @ 15c lower; big packers, inactive; top, $9 paid fpr one load around 200 lbs.; butcher, medium to choice. 250-350 lbs., [email protected]; 200-250 lbs., $8.6098.90; 160-200 lbs., $8.50&8.90; 130-160 lbs., $8.1598.85; packing sows, s7.6o(ft 8.10; pigs, medium to choice, 90130 lbs., $7.15® 8.50. Cattle—Receipts, 20,000. Calves —Receipts, 3,000: fat cow trade steady to 25c lower; choice steers absent; bulk of common to medium steers, sll (a 13; light vealers. 50c@$l lower at sls @15.50; slaughter classes steers, good and ' choice. 1300-1500 lbs.. [email protected]; 2100-1300 lbs., [email protected]; 950-1100 lbs., $13.50(1/ 17.50; common and medium, 800 lbs.. $99 13.50; fed yearlings, good and choice. 750-950 lbs.. sl3fe 16.25; heifers, good and choice. 850 lbs. down. $13@14; common and medium, $8.25911.50; cows, good and choice *8.75(9)11.50; common and medium. [email protected]; low cutters and cutter, $5.7596.75; bulls, good and choice, beef. $9.50(911.75; cutter to medium. $7.75 @9.90; vealers, milk fed, good and choice, $14.50(917.25; medium. [email protected]; cull and common, $8913; stocker and feeder steers, good and choice all weights, sll® 12; common and medium. $8.75®10.75. Sheep—Receipts. 27,000; sheep, steady to shade lower; bulk lambs $15.50®16; top, $16.25; good feeding lambs, [email protected]; lambs, good and choice. 92 lbs. down, sl3® 16.25• medium. $13.50915; cull and common, $9.75(913.50; ewes, medium to choice, 150 lbs. down, [email protected]: cull and common, $397; feeder lambs, good and choice, $13.25914.75. By Times Special LOUISVILLE. ‘Ky., Jan. 3.—Hogs—Receipts. 1,200: lights and -jigs steady; others 10c lower; heavy and milium hogs, 180 lbs. up. *8.659 9.15; pigs am. lights, 180 lbs. down. $7(9 8.65; stags s.nd throwouts. $6.95 9 7.55. Cattle—Receipts. 100; market, steady. Prime heavy steers. [email protected]; heavy shipping steers. slo® 12; medium and plain steers. $8.509 10; fat heifers $7.50® 11.50; good to choice cows $7.5099.50; medium to good cows. $69 7.50; cutters. $5.50 96: canners. $4.50®5.25: bul.s, [email protected]; feeders. [email protected]: Stockers, $6.50911. Calves—Receipts, 200; market, 50c higher; good to choice. $13,509 15.5 - medium to good, slo® 12.50; outs. slo@l>'so; outs, $lO down. Sheep—Receipts. 50; market, steady: lambs. $12912.50: seconds. sß® 8.50: sheep. $49 8; Wednesday shipments: Cattle, none; calves, 88: hogs, 201; sheep, none. By United Press EAST BUFFALO, Jan. 3.—Hogs—Receipts, 2,700; market, 18@25c down; 250350 lbs.. $9.30(9 9.50: 200-250 lbs.. $9.25® 9.65; 160-200 lbs.. $9.259 9.65; 130-160 lbs.. $99 9.50; 90-130 lbs.. $8.759 9.25: packing sows. $7.50@8. Cattle—Receipts. 50; calves, 150: market, steadv; market, steady; beef steers. $11.50® 14.25; light yearling steers and heifers. $12®14.75; beef cows. SB9 10; low cutter and cutter cows. $4,759:6.75; vealers. $18918.50. Sheep—Receipts, 900; market, 25c up: bulk fat lambs. $16916.25: bulk cull lambs, $10.25913.25; bulk fat ewes, $7.50® 6.25. Bu United Press CINCINNATI. Jan. 3.—Hogs—Receipts. 2.70 Cf: holdovers. 1.100; market, 25c down; 250-350 lbs.. $99 9.25; 200-250 lbs., s9® 9.25: 160-200 lbs.. $999.25: 130-160 lbs.. [email protected]: 90-130 lbs.. $7.259 9: packing sows. $6.7597.75. Cattle—Receipts, 400; calves. 350: market, steady: beef steers. $9 ffi 13: light yearling steers and heifers, $9.50 ® 10: beef cows. $799.50; low cutter and cutter cows. $5,259 6.75; vealers. $139 18; heavy calves. $9914; bulk stocker and feeder steers, $99 10. Sheep—Receipts, 250; market, steadv: top fat lambs. si6: bulk fat lambs. $14915.50; bulk cull lambs, $9: bulk fat ewes. $597. , Bu United Press PITTSBURGH. Jan. 3.—Hogs—Receipts, 2.500; market. 10® 15c down; 250-350 lbs., $9.25 9 9.50 ; 200-250 lbs.. *9.409 9.55; 160200 lbs.. $9.359 9.55: 230-160 lbs.. [email protected]; 90-130 lbs.. $8.759 9.25; packing sows. *7.50 98. Cattle—Receipts, none: calves. 25: market, firm, beef steers, *11@14; light yearling steers and heifers. *9913; beef cows. $79 9.50: low cutter and cutter cows, $4.50 9 8.50: vealers, $139 18; heavy calves, $10916. Sheep—Receipts, 650: market. 259 50c up: top fat lambs. $16.50; bulk fat lambs. $13.50 ® 16.50. bulk cull lambs, $8.509 12; bulk fat ewes. $698. Great Britain uses less than onehalf the amount of paper consumed in the United States.

THE INDIANAPOLIS TIMES

New York % Stocks

(By Thomson St McKinnon)’

—Jar.. 3 Railroads— Prev. High. Low. 12:00 close. Atchison 201 198% 200% 187 Atl Coast Line 170 Balt & Ohio ...125% 123 123 123 Canadian Pac ..245% -244’/* 244% 241 Chesa & Ohio ..219 218 218 218% Ches Corp 83 82 83 82 Chi & N West.. 89% 88% 88% 88 Chi Grt West.. 21 20 21 21 .CRI&P 134% 130% Del & Hudson 195 192% Del & Lacka 133 132% Erie 71% 71 71% 70% Erie Ist pfd 03% 62 Grt Nor 112% 110% 112% 111% 111 Central 142 Lehigh Valley ..101% 101% 101% 100% Kan City South 94% 92% 94% 91% MK & T 53% 52% 53% 52% Mo Pac pfd ....121% 121% 121% 120 N Y Central ....193% 188% 192 188% N Y C & St L. .139% 139 139% 138 NYN H & H.. 82% 82% 82'% 81% Nor Pacific 11l 110 110 100% Norfolk & West 195% 195 Pere Marquette 150 Pennsylvania .. 79% 78% 79% 78% Reading 111% 110% 110% 110% Southern Ry .. ’54% 154 154% 154 Southern Pac ..131% 131 131% 131% St Paul 35 34% 34% 34% St Paul pfd ... 56% 557'a 56% 55% St L & S W 113% 112% 112% 112% St L & S F 120% 119 120% 111% Texas & Pac 170 Union Pacific ...224 219% 224 218% West Maryanld.. 44% 44% 44% 43% Wabash 79% 78% 79% 79% Rubbers— Alax 10% 10% 10% 10% Fisk .•• 16% 16% Goodrich 103% 103% 103% 103% Goodyear 134 131% 134 133% Kelly-Spgfld ... 23% 23% 23’/a 23% Lee ••• 23% 23% United States... 46% 46% 46% 47 Equipments— Am Car & Fdy..106 104% 105% 104% Am B Shoe 47% 47% 47% 47% Am Steel Fd ... 67% 67 67 66% General Elec ...244% 234 235 240% Gen Ry Signal.. 103% 103 103% 102% Lima Loco 51% 51% 51% 51 N Y Air Brake.. 45 44% 44% 44% Pressed Stl Car 23% 23% 23% 23% Pullman 87% 86% 87 85% Westingh Airb.. 48% 47% 48% 47% Westlngh Elec ..149% 147 147 141% Steels— Bethlehem 88% 87% 88 88 Colorado Fuel 71 73% Crucible 98% 89 89% 80 Otis 41% 40% 41 40% Inland Steel .... 81% 80 81 79 Rep Iron & Stl.. 87Vi 86% 87 86% Sloss-Shefl 120% 120 120% ... U S Steel 165 163% 164% 162% Alloy 49% 48% 48% 38% Warren Fdy 34’A 33% 34 32- . Vanadium Corp 103 102% 102% 103 Motors— Am Bosch Mag 42% 42 Chandler 22 21% 21% 21% Chrysler Corp ..134% 131% 131% 133% Eaton Axle .... 63% 63% 83Vi 63% Graham Paige .. 53% 53% 53% 53% Gen Mot (new) 84% 83% 84% 84% General Motors 209% 207 207% 209 Hudson 91% 90 90 91% Hupp 80 Vs 78 78 78% Jordan 14% 14 14% 14% Mack Trucks ...111% 110% 111 111*4 Marmon 83 83% Reo 31% 31>A 31’/a 30% Motor Wheel... 46 45 45’/a 45 Vi Nash ..109% 107% 107‘/s 108’/a Packard 151% 149A 149% 150% Peerless .. •• 21% 21% Pierce Arrow .. 29% 29 Vs 29% 29 Studebaker Cor.. 78% 78Vi 78’A 78>/s Stew Warner ..124% 122’% 123 123% Timken Bear 149’/a 148% Wlllys-Overland. 35 34 34% 33% Yellow Trk .... 42% 41% 41’% 42 White Motor .... 41 ■% 41 41<% 41% Mining— Am Smlt & Rfg , ... 292 Anaconda Cop ..121 119% 119% 119% Andes 52% 51% 52 52% Cerro de Pasco 111% UO’/a 111% 113 Chile Copper .. 75% 74% 75% 75% Green Can Cop 176 173% 175 174% Inspiration Cop 47% 47 47 46% Int Nickel 49% 48% 48% 48% Kennecott Cop 161% 159% 161% 157 Magma Cop 71% 71’% 71’% 71 Nev Cons 44’% 44 ’/a 44’% 44 Texas Gulf Sul. 82 81% 81% 81 U S Smelt 65% 65’A 65% 65% Oils— Atlantic Rfg ... 68 66’% 66’/a 67% Barnsdall (A) .. 46% 46 46% 45% Freport Texas 49% 50 Houston Oil .... 106 104 106 102% Indp Oil Sc Gas 34% Marland Oil .... 47’% 46’A 46’A 46 Mid-Cont Petrol. 39% 39’% 39’% 33 Lago Oil &Tr 32’% 33 Pan-Am Pet 8.. 51% 51% 51% 51 Phillips Petrol .... ... 46% 46% Prairie O & G.. 65 Union of Cal 51’% Pure OH 28’% 28’% 28% 27’% Royal Putch .... 55 54% 55 54’% Shell 30’A 29>% 30<A 31’% Simms Petrol 23% Sinclair Oil .... 45 44% 44% 45 Skelly Oil 37 36% 37 36’% Std Oil Cal .... 71% 70Vs 71>A 73 Std Oil N J 56’A 54% 55>A 54% Std Oil N Y 44% 43% 43’% 44% Texas Corp 68 67% 67’% 67% Transcontl 12% 12% White Eagle 36% Industrials— Adv Rumely 63% 54% Allis Chalmers 191% 192 Allied Chemical 252% 223 Armour A 18 17% 17% 17% Amer Can 112’% 112’% 112’A 111% Alaska J 8% B’% B’% 8 Am H L pfd 38 Am Safety Raz . 70’% 70% 70% 69 Am Ice 43’% 43 43 >% 43 Am Wool 26’% Curtiss 147% Cocal Cola 172% 174>A Conti Can 63% 62’A 63% 63% Certainteed ... ... 28% Congoleum 28% 28% 28% 28% Davison Chem .. 64 63’% 64 62’A Dupont 505 . 504 504 503% Famous Players. 61% 60’% 60’% 57’A Fox A 98*A 96% 98’A 94% Gold Dust 145 Glidden 41 38% 40 38% Int Paper 58% Int Harvester ..101% 100% 101% 99% Lambert 132’% 131% 132’% 131% Loews 67’% 66% 67% 65’% May Stores 99’% 98% Montgom Ward 155% 156 Natl C R 103% Pittsburgh Coal 75% 75’% Owens Bottle 82’% 82% Radio Keith 44% 43% ,44% 43% Real Silk 63’% 63 63 62’% Rem Rand 34 33 >% 33’% 33 Sears Roebuck.. 180% 180’% 180'% 177'% Union Carbide ..211% 206'% 210% 206% Victor 153% 152% 152% 150% Univ Pipe 21% 21% USCs Ir Pipe; 46 45’% 46 45% U S Indus Alco. .134 132% 132% 131% Wright Aero ...272'% 271'% 272'% 271 Warner Bros ...128 122% 126% 122% Utilities— Am Tel & Tel. .197% 195 196% 193 Am Express ... 297 298 Api Wat Wks 70% 70'% Brklyn-Manh T.. 73% 73 73 72% Col G Sc E 140% 139'% 140% 140 Consol Gas 109% 108% 109 107 Elec Pow & Lt.. 49 48% 48% 48% Interboro 51% 50% 50% 51 Nor Am Cos ... 94’% 94'A 94% 94% Natl Power .... 46% 46 46 46 S Cal Edison ... 55% 55 55 54'% Std Gas & E 1... 88 87'A 87'% 87 Utilities Power.. 43% 43 43 43 West Union Tel 182% 183% Shipping— Am Inti Corp ...152% 149% 152% 147 Am Ship & Com 3’% 3% Atl Gulf <fe W I 42% 42% 42% 41% Inti Mer M pfd.... 40 United Fruit ...142% 142% 142% 140% Foods— Am Sug Rfg 88% 88% 88'/* 88% Kroeer 121% 120y 8 121% 120% Austin Nichols 7 Beechnut Fkg.. 98% 97 981% 96 California Pkg 75% 74% Corn Products.. 91% 91% 91% 91 Cudahy 66% Cuban Am Sug 16% 16% Flelschmann Cos 83% 83% 83% 83% Jewel Tea 148% Kraft Cheese 38’% 38 Vi Natl Biscuit ...198% 197% 198% 197% Natl Dairy 130% 128% 130'% 128 Postum Cos .... 72 71% 72 71 Ward Baking B 18'A 17% 18 18 Tobaccos— Am Sumatra ... 59% 59% 59'% 59’% Am Tob B 118% 178% Con Cigars 96 95% 96% 95% General Cigar 63'% Lig & Meyers... 93% 92% 93% 62% Lorillard ... 26'% 25% 26% 25% R J Reynolds. ..158% 158% 158% 157 Tob Products B 101% ... United Cigar St 24% 24 24 Schulte Ret Strs 37% 39% 39% ...

Adrift 13Days With Only Whisky and Ale for Diet

By United Press ERIE. Pa., Jan. 3.—Two rum smugglers arrived here today after spending thirteen days adrift in Lake Erie aboard a cabin cruiser, on a diet of whisky and ale. Motor trouble developed after the men left Canada with their cargo of Christmas cheer for Pennsylvanians. For days they drilled aimlessly. The’’ had but two sandwiches for food when they started, and these were eaten at once, because they thought rescue was certain. Finally, facing starvation and sick of their enforced depenaence upon intoxicants to sustain them, the smugglers started building a raft. One of them put overboard with it, and managed to reach within hailing distance of shore near North East, Pa. He was hauled ashore by residents and told his story. •

WHEAT LOWER ON DECLINE IN FOREIGNMARTS Many Farmers Reported to Be Holding Corn for Higher Prices. Bu United Press CHICAGO, Jan. 3.—Wheat declined here today on news of lower prices at Liverpool. Reports of lighter country offerings helped corn. There was practically no trade in oats. At the opening wheat was % cent to V* cent lower. Corn was unchanged to Vs. cent higher and oats were unchanged. Provisions were slightly lower. Exchanging sales indicate wheat and corn may work closer together. The Caraway bill, which would prohibit trading in wheat and cotton futures, is expected to come up soon and is keeping some traders out of the market. Italy is reported to be buying Durums owing to the high price of native wheat. Liverpool was lower than expected today. Farmers in parts of Illinois and Indiana are reported to have sold tljp bulk of their corn and intend to hold the rest for higher prices. General sentiment favors higher prices in corn. Oats trade has been featureless and very light. Winnipeg reported some export business done in oats now in the east. Chicago Grain Table ——Jan. 3 WHEAT— Prev. High. Low. Close, close. Dec 1.16% 1.15% l.ie 1.16% March 1.18% 1.18% 1.18% 1.19 May 1.20’A 1.19% 1.19% 1-20% CORN — Dec 87% .87% .87% .87% March 90% .90% .90% .90% May 92% .92 .92% .92*A Dec A T?T7 47% .47 .47% .47% March 48% .48 Vi .48% .48% May 46% .46 % .46% .46% RYE— Dec 1.03% 1.03 1.03 1.03% March 1.06% 1.05% 1.05% 1.06%, May 1.05% 1.05% January .99% LARD— Dec 11.62 11.60 11.60 11.65 Jan. 11.85 11.82 11.82 11.92 March 12.12 12.10 12.10 12.15 RIBS— Dec 11-80 Jan 12.52 By United Press CHICAGO, Jan. 3.—Carlots: Wheat, 26; corn, 485; oats, 56; rye, 12. DIVIDEND DECLARES Directors of Baking Company Issue Statement. The eighteenth semi-annual dividend of 3% per cent on the preferred stock of the West Baking Company has been declared by the directors of the company, payable to all stockholders of record as of the close of business, Dec. 31, 1928. The directors also declared a common stock dividend of 5 per cent, payable to all stockholders of record as of the close of business Dec. 31, 1928.

Produce Markets

Butter (wholesale) —No. 1, 52@53c; No. 2,48949 c. Butterfat—49 9 50c a lb. Cheese (wholesale selling price per pound)—American loaf, 33; pimento loaf. 35c; Wisconsin flat, 27c; prime cream. 27c; Daisy, 26c; Longhorn, 26c; New York limbereer. 30c. Eggs—Buying prices: Fresh delivered at Indianapolis, loss off, 32935 c. Poultry (buying prices) Hens. 23@ 24c; Leghorn hens, 15® 19c; 1928 springers. large breed, 2 lbs. and up, 24®25c; 1 to 1% lbs., 19® 20c; Leghorps, 189 20c; old roosters, large. 12® 15c; small, 10 @l3c; ducks. 15@17c: guineas, young, 50c: old. 35c; turkeys. No. 1 young toms, 12 lbs and up, 35@38c; No. i young hens. 36c a lb.; No. 1 old toms. 22 @2sc; No. 2. old hens. 25®30c a lb.

Local Wagon Wheat

City grain elevators are paying $1.20 for No. 2 red wheat and $1.05 for No. 2 hard. NEW YORK COFFEE RANGE High. Low. Close. January 15.85 March 15.64 15.55 15.55 May 14.88 14.74 14.75 July 14.35 14.18 14.20 September 13.81 13.76 13.76 December 13.63 13.45 13.45 DEATH PLOT CHARGE Accuse Man of Trying to Burn Family in Home. By United Press CHEYENNE, Wyo., Jan. 3. Savals Swaney, a railroad employe, was under arrest today, suspected of having plotted a death pyre for his wife, three small stepsons And a married daughter. Awakened Wednesday by the odor of smoke, Mrs. Swaney and her daughter rushed into the basement of their home to find two fires blazing from heaps of kindling wood and shavings, which had been piled beneath the room in which the mother and her three sons slept. Swaney had gone to work a short time betore the fire was discovered. WOMAN ADMITS THEFT Stole Neckties; Judge Takes Case Under Advisement. Charged with stealing two neckties from the counter of a town department store in the pre-* Christmas rush, Miss Julia Greenwood, 61, of 131 East Pratt street, pleaded guilty to the charge in Judge Paul C. Wetter’s municipal court this morning. Judge Wetter took the case under advisement.

The City in Brief

Plans for a reception for James E. West of New York, national chief Scout executive, who will visit Indianapolis Jan. 4, were discussed today at the noon meeting at the Chamber of Commerce of the executive board. Elies Ebbert, Hancock county farmer, has filed a voluntary bankruptcy petition in federal court, listing liabilites of $4,029 and assets of $2,389. Kenneth H. Dame, manager of the Indianapolis office of the foreign and domestic commerce bureau, will go to Washington Saturday to attend the annual district manager’s conference. He will remain there two weeks to visit various divisions and bureaus of the department. During his absence the local office will be directed by Francis Wells, assistant. DeKalb County Telephone Company has petitioned the public service commission for permission to purchase the Corunna Telephone Company by a stocli issue. The exchange has 275 phones and is valued at $15,000. Curtis H. Howe, San Francisco, Cal., former Indianapolis resident, was ordered removed to San Francisco Wednesday by Fae W. Patrick, United States commissioner, to face charges of impersonating a naval air force officer. He gave $2,500 bond for his appearance in San Francisco, Jan. 15. He surrendered at the United States marshal’s office, Wednesday. Charles W. Myers of Chicago, director of advertising and sales promotion of the Verst Publishing Company, spoke on “Pardon My Frankness,” today at the luncheon of the Advertising Club at the Columbia Club. A dinner at the Y. W. C. A. was held Wednesday night for members of the lip reading classes. The program promoted interest in the organization of a league for the hard of hearing. Dr. Ralph S. Chappell and Mrs. Ruth Katzenberger, teacher of the class, spoke. “Indiana Coverlets and Coverlet Weavers” is the title of the latest pamphlet to be issued by the Indiana Historical Society, 334 Statehouse.' The booklet is the work of Mrs. Kate Milner Rabb. Hurled to the sidewalk at Delaware and Michigan streets Wednesday night, when struck by another car, a light truck driven by Henry Whitlock, 33, of 430 West North Street, slightly injured a pedestrian. The injured man was Jackson Craig, 27, of 431 North Illinois street. He suffered slight cuts and bruises. Whitlock was arrested on charge of failure to stop at a preferential street. Police are seeking the driver of an automobile which was wrecked and abandoned at Twenty-first street Marriage Licenses Carleton Eseh. 22, R. R. O. machinist, and Mary Kidwell, 20. of 3207 Boulevard Pl Julius Thomas, 37, of 802 Walnut laborer, and Jennie West, 40, Indianapolis, housekeeper. _ ~ Dwight Wilson, 25, of 4169 Central, pit man, and Floy Smith, 20, of 5348 Central, housekeeper. _ . Howard Staub, 42, of 142 East Ohio bus driver, and Mabel Porter, 45, of 1216 West New York, housekeeper George Proudfoot, 27, of 2157 Ashland, salesman, and Marjo De Armond, 21, of 2157 Oakland, nurse. _ Harold Black. 26, of 2151 North Temple, electrician and Laura Long, 27, of 2151 North Temple, , _ . _ Gordon Keifer, 25, of 1530 East Tenth, salesman, and Anise Cross, 19, of 1530 East Tenth. , ... _ Charles Chambers, 54, of 2950 Brouse, railroad employe, and Carrie Henry, 45, of 2950 Brouse. housekeeper. Parker Wheatley, 23, of 1315 North Oakland, radio announcer, and Arabelle Chambers, 21, of 3224 Nowland. Births Allen and Olivia Wortman, 21 East Reand Marie Nevlll, Methodist hospital. , Robert and Margaret Armer, Coleman hospital. Harry and Zella Armstrong, Coleman hospital. Frank and Grac.' Brown, Coleman hospital. Burl and Orpha Hardesty, Coleman hospital. Paul and Fern Weir, Coleman hospital. William and Flo Matthies, 1809 Sharon. Henry and Helen Alfke, 1524 North Oxford. Raymond and Mary Raney. 2415 Station. James and Helen Webb, 3818 East Thirtieth. Raymond and Flossie Bryant, 1923 Miller. Arthur and Mildred Lasley, Methodist hospital. Elmer and Bertha Dicky, 1236 South Richland. Thomas and Truman Girnin, 1325 West William and Bessie Tapp, 1127 Holiday. Girls Marshall and Lillian Dulin, 1621 Lawton. Armin and Margaret Doerschel, 5720 Indianola. George and Lizzie Hyatt, 1124 West North. .... Virgil and Mary Henderson, 1826 Pleasant Run Blvd. John and Gertrude Price, 502 Holly. Robert and Mildred Batman. Coleman hospital. Frank and Maryl Weinkam. Coleman hospital. . , ■ • Ray and Mary Wills Coleman hospital. Roy and Francis Parson, 2341% Station. Howard and Zada Wieneka, 609 North Euclid. . James and *Nola Artman, 1912 South Belmont. Benjamin and Hazel Bowels, Methodist hospital. Samuel and Rose Steinberg, Methodist hospital. William and Ethel James, Methodist hospital. Lawrence and Mildred Kays, Methodist hospital. William and Sarah Linden, 1230 North Tremont. ... William and Mollie Stewart, 927 Buchanan. Deaths Emma Kaiser, 71, 1921 Prospect, chronic myocarditis. _ Julia E. Hood, 81, 2834 East Tenth, arteriosclerosis. _ Zachariah Taylor Jones, 77, 16 South Richwein, chronic myocarditis. Samuel Shirley, 42. city hospital, accldental. Eva Deakin, 60, city hospital, influenza. William Thomas Cloud. 2 months, 830 Chadwick, broncho pneumonia. Burton J. Davenport. 51, 2616 North Olnev. chronic myocarditis. Sarah E. Fike. 89. 2025 Shelby, inflUElvina Furgason, 52, 4026 East Tenth, influenza. .... „ .. ~ Gabella Kennedy. 38, 1411 South Alabama. pulmonary tuberculosis. Thomas Fields. 65, Norway Sanitarium, chronic cardio vascular renal disease. Minnie E. Whitaker. 52, 246 Detroit, lobar pneumonia. Louis Sutt, 33, city hospital, lobar pneumonia . Carl Fulkerson. 47. city hospital, accidtJohn J. Hofferbert. 82. 39 N. Kealing, lobar pneumonia. Katherine Belle Clark. 21. 544 North Sheffield, pulmonary tuberculosis. W’Ulam Riley Osborne. 55, Linwood and Washington, accidental. Marion Oscar Rogers, 63. city hospital, accidental. Nannie Moberly, 69, city hospital, broncho pneupwrii. Building Permits Capital Ice Refrigeration Company, addition, 8 East Wilkins, *3OO. Vonnegut Hardware Company, repair, 120 East Washington, *250. Chalange Garage and Tool Company, garage. 520 North Elder. 1275. Ferre-Case Lumber Company, shed, State and Big Four, tii'tfi. O. Shull, duelling, 4707 Rockwood, *6.000. . Puritan Finance Company, dwelling and garage. 1924 Jones. $2,150. W. B. Lane, remodel, 313 East South, .....

and Ritter avenae Wednesday night The license plates on the car were issued to Frank Macy, Nineteenth street and Wesley avenue. Macy was not to be found at his home. Clell Oler, Newcastle, today petitioned the public service commission for permission to sell his bus permit for operation between Newcastle and Anderson to Zola Bouslog, Newcastle. The line operates via Cadiz and Markleville. Officials and entertainers of WFBM demonstrated a complete radio program before the Caravan Club at luncheon at the Murat today.

SELECTION OF ‘DEATH RANCH 1 JURYJS BEGUN Sensation Is Caused When Northcott Trial Spectator Is Disarmed. By United Press RIVERSIDE, Cal., Jan. 3.—Attorneys for the state and defense in the trial of Gordon Stewart Northcott, accused “murder farm” slayer of four boys, engaged in legal maneuvering today over selection of a jury. Northcott, who in various purported confessions has admitted lie murdered four boys on his Riverside chicken ranch, is on trial charged with the murder of Alvin Gothea, Mexican boy, whose headless body was found near Neur Puente. When arraigned on the charge, Northcott entered a simple plea of not guilty. Judge Freeman, who took the bench after Judge M. K. Morton had disqualified himself, denied a motion for continuance of the trial until next Monday. A sensation was caused at the first day of the trial when Henry Espanza, a spectator, was seized and a revolver taken from him. Sheriff Clem Sweeters ordered the spectators placed under close watch. Espanza told officers that he was “looking for Sanford.” Sanford Clark, 15-year-old nephew of the defendant, is the state’s star witness. His story of abuse on the alleged “murder farm” led to the investigation which resulted in the arrest of Northcott and his mother. Judge Morton withdrew from the case after the defense had pointed out that he had disqualified himself by having acted at oqe time as counsel for some of Northcott’s neighbors in a dispute between them and the defendant, and that the latter had been ejected from Morton’s office after a heated argument. TRADE JLES FIXED Carpenters Set Apprentice Regulations. Rules and regulations for carpenter apprentices approved by the district council of the carpenters’ union and the Associationed General Contractors’ Association of Indianapolis were announced today. The rules provide that each apprentice shall serve eight sixmonth periods of training before becoming a journeyman carpenter. An age limit of 17 to 22 years and compulsory school attendance two nights a week are provided. The apprentices will receive a wage increase each six months, working for 30 per cent of the regular carpenter wages the first six months and 80 per cent the last six. At completion of their training course they will receive a diploma from the Indianapolis Building Congress. . FATHER RACES DEATH Uses Plane and Train on Way to Dying Son’s Bedside. HARTFORD, Conn., Jan. 3.—W. S. Perutz, Hartford theater manager, was thought today to be near the end of his plane-and-train race to the bedside of his dying soji in Cincinnati. Learning that his 7-year-old boy, Carroll, was critically ill after a severe attack of scarlet fever at the home of Cincinnati friends, Perutz chartered a plane at Brainard field here Wednesday night and took off for Hadley Field, N. J. The theater man was piloted by Lieutenant Charles Wright and later was reported to have landed at Hadley fk had been ordered to stand ready to rush Perutz to New Brunswick, where he transferred to a fast express bound for the Ohio city. ohr^properiTTs'sold Lafayette Woman Sells Land to Local Couple. Sale of the property on the southeast corner of Pennsylvania and St. Joseph streets, known as the Ohr property, to John B. and Marie Schramm by Mrs. Margaret M. Neville, Lafayette, Ind., was announced by B. M, Ralston, realtor, today. The property has a frontage of 100 feet on Pennsylvania street and 190 on St. Joseph street and includes a large double brick house and a four-apartment flat. ‘ Consideration was not announced, but was believed to be slightly less than $65,000. Names Navy Surgeon-General Bu United Press WASHINGTON. Jan. 3.—President Cool id ge sent to the senate the nomination of Medical (Director Charles E. Riggs, to be surgeongeneral and chief of the bureau of medicine and surgery of the navy.

.JAN. 3, 1929

RENEW FIGHT ON VALUE BASIS OF RAILROADS Argue Case in Highest Court Third Time to Change System. BY HERBERT LITTLE United Press Staff Correspondent WASHINGTON. Jan. 3.—Railroad lawyers today brought before the United States supreme court their third attempt to overturn the interstate commerce commission’s rate basis, in the face of anew decision by the court rejecting higher rates in another valuation case appealed by a West Virginia gas company. Opinion was divided as to whether the gas decision, refusing to grant a higher valuation on the hypothetical future sales return from underground gas, would have any - effect on th' St. Louis & O’Fallon railroad case. New Price Levels Issue The O’Fallon, backed by the Great Northern, is seeking to reverse the interstate commerce commission's order for recapture of profits of more than 6 per cent, the legal return, on a valuation calculated on the basis of 1914 costs. The roads contend nothing less than the actual cost of rebuilding the road at current commodity prices, should be used in fixing a rate, or in calculating net income for recapture purposes, under the law providing that one-half of all excess profits must be turned over to the commission to be used for the relief of less prosperous roads. The supreme court accepted the gas company’s “book value” of reserve gas about $6,000,000 as a proper value, rejecting the company’s plea for a value of $36,000,000 based on calculations of how much the gas would bring if sold under certain conditions in a market unregulated by state utility commissions. Here, however, the case involves a future, uncapitalized prospective value, as contrasted with the conflict between 1914 and 1921 price levels in the railroad case. Still the acceptance of the value which the company itself puts on the property for capitalization, taxation and other purposes, cauyed gloomy remarks among the utility lawyers. Railroahs and other utility corporations, of course, have similar “book” values. Basis Held Unfair The Great Northern road obtained permission Wednesday to file a brief in the O’Fallon case, but will not participate in the argument. The brief asserted the commission’s rate, based on a valuation of less than current reproducing cost, “compels a railroad company to furnish service at rates lower than the cost which the shippers would have to incur in producing the service for themselves. The O’Fallon reply brief charged the commission is using investment value rather than “actual present Value.” The argument, scheduled to start about 1 p. m. today, will continue most of Friday. The railroads, represented by Frederick Wood of New York and several others, will start the argument. CHRISTIAN ATTEMPT TO CONVERT JEWS SCORED Futile, Un-American, Charges Good Will Director. By United Press NEW YORK, Jan. 3.—A bitter indictment of Christian missionary work among the Jews will be voiced in the leading article Friday of the Jewish Tribune by Dr. Edward L. Hunt, director of America’s good will union, and former pastor of the Washington memorial church. “I indict Christian missionary work among the Jews on the score of its futility,” he writes, “One must search far and wide to find a bona fide convert.” In addition, Dr. Hunt charges that such missionary work is unChristian, un-American, unduly costly, and wasteful. It ignores the value of the synagogue, he says, in making godly citizens. Death Notices BARKER, FRANK P.—Beloved father of Charles R. Fenton, departed thi-s lif® Jan. 2, age 72 years. Funeral Friday, Jan. 4. at Moore & Kirk funeral home. 2530 Station St.. 2 p. m. Friends invited. Burial Memorial Park. JOHNSON, EMMALINE—BeIoved wife of Geor(?e Johnson, daughter of Robert Gallamore and sister of Nellie Wat-son, Allegra Barnes, Hubert Gallamore anti A. J. Gallamore departed this life Wednesday, Jan. 2. age 26 years. Funeral Saturday, Jan. 5, at residence of sister, Mrs. D. O. Watson, 2 p. m.. 2346 Adams St. Friends invited. Burial Crown Hill. Funeral under direction of Moore & Kirk. Funeral Directors •<A REAL HOME FOR SERVICE.” RAGSDALE & PRICE. Li. 3608. 1219 N. Alabamfr. W. TANARUS, BLASENGYM Main office 2226 Shelby at. Drexel 2570, FINN BROS. FUNERAL HOME 1639 N. MERIDIAN TA. 198$. George Grinsteiner Funeral director 522 E. Market. Riley 5374. G. H. HERRMANN 1722 B. East gt. Dr. 4477, UNDERTAKERS HISEY & TITUS 931 N Delaware. LI. 3828. J C WlLßoN—Funeral parlor*, ambulanca service and modern automotive eouioment Dr 03*1 and Pt 0322 Lost and Found IuNCH OF black "leather case. MR. WAYNE BURNS. 429 N. Penn. Reward. LI. 6371. Ha 12&. BUNCH KEYS—On ring; name Cha*. Able; lost Indpls. Rew. Chan. Able, Shelbwllle, Ind.. care ShelbyviUe Plumbing St Ht. Cos. EARRING Diamond. Reward. Dr. 1800. ENGLISH SPANIEL—FemaIe: lost near 26th and Cornell; black and white, with long hlack curly far*. Libera! reward if returned to Albert Licber, L. G. S Mfg Cos.. 28th and Cornell. FOX TERRIER—Lost; black and white; long-haired. 500 block N. Meridian St., New Years day. Name -Buster.” Reward. Ta, 4444. GLOVE—Lady'* right, blonde kid slipon. Reward. Dr. 1297-W. __ LOST--Police dog; S month* old: gray. Answers to name of Fritz Near 172* Laurel St.. R. R. No 8. Box 755. Reward, • POCKETBOOK—By working man. con? s aU M%dian r £&reen* South'Tnd‘'Henry St*. Reward. Hu. 3120. V ■’ -■ . _* W~* ■ ’