Indianapolis Times, Volume 40, Number 202, Indianapolis, Marion County, 11 January 1929 — Page 29

JAN. 11, 1929.

LEADING ISSUES TONE STOCK TO HIGHER RANGE Motors and General Electric Feature Market Rise.

Average Stock Prices

Average of twenty Industrials Thursday i was 301.68, up .75. Average of twenty ! rails was 153.82, up .52. Average of forty ; bonds was 96.20, off .01. BY ELMER C. WALZER, United Press Financial Editor NEW YORK. Jan. 11. Motors, U. 8. Steel, General Electric and other leading issues were | bid up one to two points in the j early dealings on the stock exchange ' today. Trading was quiet, however, and some selling cropped out here i and there as traders took profits j Consolidated Gas opened at 1094, j up a full point. Nash Motors re-j sponded to the increased dividend by rising nearly 2 points to 105%. j Rails were in better demand, led by j Erie. International combustion rose 2 points. Brokerage loans declined $17,300,000, an insignificant amount in view of the increase of $238,000,000 last week, but the rediscount rate of 5 per cent was retained and the condition of the federal reserve system was greatly improved with the ratio of both the New York bank system as a whole far higher than last week. The latter factors were highly favorable. On the other hand the gold situation was not encouraging. The reserve board reported 1 influx of $23,000,000 from Canada during the week, but this was more than offset by ear markings of $3,001,000 presumably for France. Motor shares were bought heavily in a demonstration for the New York automobile show, now drawing 'to a close at the Grand Central Palace. Studebaker made anew high on the present capitalization, while Hupp rose to a record on the movement. Copper stocks continued in fair demand, with small gains in Greene Cananea and Kennecott. Rubber stocks moved higher on prospecti of a huge merger in the industry. During the first part of the session early gains were well maintained and several favorites like Victor, Westinghouse Electric and General Electric were In demand. Oils were dull, while steels became more active, with Bethlehem up more than a point and United States Steel fractionally higher.

Banks and Exchange

City bank clearing* figure*, a* given in The Times dally, are checked carefully and always are correct, barring possibility of typographical errors. INDIAN APOLIS STATEMENT Indianapolis bank clearings Friday, Jan. 11. $4,242,000; debits. $8,179,000. NEW YORK STATEMENT Bu United Press NEW YORK. Jan. lL—Bank clearing*. $1,976,000,000; clearing hous* balance, $145,000,000: federal reserve bank ‘credh balance, $131,000 000. TREASURY STATEMENT Bu United Press WASHINGTON, Jan. 11.—The treasury net balance for Jan. 9. $181,203,340 33; customs receipts this month to the 9th, 11.639.537.87.

In the Stock Market

(By Thomeon & McKinnon) NEW YORK, Jan. 11.—Although the decrease in brokers loans is regarded as disappointingly small, we can find comfort in the knowledge that the bank rate was left unchanged and that the federal reserve statement shows a sharp advance in gold ratio, largely the result of a reduction in rediscounts of about $309,000,000. In the field of business, mergers and prospective combinations furnish the chief interest, with three large rubber companies and two oil companies prominently mentioned, in addition to the new public utility holding company. In general favorable factors far outnumber unfavorable ones. The credit situation will still bare close watching.

Produce Markets

Butter (wholesale) —No 1. 514152 c: No. 3. c. Butterfat—Lb.. 48@50fe. Cheese (wholesale selling price per pound)—American loaf. 33c: pimento loaf. ssc; Wisconsin flat. 29c: prime cream. 27c; Daisy. 28c: Longhorn. 26c; New York 11mberger. 30c. Eggs—Buying prices: Fresh delivered at Indianapolis, loss off. 30®32c. Poultry (buying prices) Hens. 25@ 36c; Leghorn hens, 21c: 1926 springers, large breefl. 2 lbs. and up, 26c: 1 to IV4 lbs.. 23c: Leghorns. 21c: old roosters, large,' 14c: small. 10@l3c; ducks. 16#17c: fuineas. young 50c: old. Ssc: turkeys, o. young toms, 12 lbs. and up. 35>)t38c: No. 1 young hens. 36c a lb.; No. 1 old toms. 22&25c: No. 2. old bens. 25a 30 a lb. DRUMMER HAS CINCH Ail Army Musician Has to Carry Is Truckload or Two. WASHINGTON. Jan. 11.—Save a few sympathetic thoughts for the trap drummer of the United States regimental and garrison bands. His Issue of equipment has every other job in the army stopped cold. In addition to the regular soldier's outfit he must keep track of a snare drum, triangle, triangle beater, muffler and strainer, drum sling, drum stand, cow bawl, cow bell, sleighbell, wc->d block, castanet, cuckoo, Chinese cymbals, imitation railroad, adjustable rattle, slap sticks, tambourine, Chinese tomtom, canary whistle, locomotive whistle, steamboat whistle and 6team exhaust whistle. STORM HALTS DIRIGIBLE Las Angeles Turns Back After Starting for Miami. Ba United Prrsi PORT ST. JOE, Fla., Jan. 11.— The dirigible Los Angeles moored to the tender Patoka at 8 a. m. today after a fourteen-hour cruise over gulf coast and Florida waters. Unfavorable weather along the Florida coast prevented tire dirigible from flying to Miami, as haul been planned.

New York Stocks

(By Thomion 8* McKinnon) “

—Jw. 11— Railroad*— Prev. High. Low. 12:00 close. Atchison 198 198 198 198 Bait & Ohio ...123Va 123% 123>/, 122 V, Candlan Pac ...239V, 239% 239% 239 Chesa & Ohio .218 218 218 213% Ches Corp . . 83% 83", 83% 82% Chi Sc N West .. 89% 39% 80% 89 Chi Ort West.. 20% 20 20% 30% CBI4P 136 135 135 130 Del & Hudson 195 Del Sc Lack* 127% Erie ~ 69% 68% 68% 68 Erie Ist pfd .... 82% 82% 62% 82V I Grt Nor 110% 110 110 110% 111 Central 163% 143% 143% 142% Lehigh Valiev . ~100% 100% 100% *IOO% i Kan City South. 97% 96 98% 95% MK&T 53% 53% 53% 53 Mo Pac pfd ... 123% 123 123% 123 V Y Central ....189% 189% 189% 188% N Y C Sc St L 137 iNYNH & H ... 87 88% 85% 86% i Nor Pacific 108 I Norfolk & West 194 194 194 191% O&W 29% Pennsylvania ... 78% 78 78 76% I P Sc W Va 108% 108% 108% 109% Southern Rv ...157 158% 157 156% Southern Pac ~.130% 130% 130% 129 V, St Paul 38% 36V, 36% 38% St Paul tfd .... 61% 80% 81 60% St L & S W ...110% 110% 110% 109 V, ;St L * S F ....11814 1174, 11814 118% Texas Sc Pac ...175 175 175 173 Union Pacific ..219’% 219% 219’% 219% West Maryland 43% 43% 42% 43 Wabash 76 76 76 75 Rubbers— , Alax 10 9% 10 10 Fisk 16% 16% 16% 18% Goodrich 102% 102 V, 102% 101 >4 'Goodyear 137% 136% 137% 138% i Kelly-Spgfid ... 2244 22% 22% 22V, Lee 23% 23% 23% 23% : United States .. 51% 48% 50% 47% Equipment*— Am Car Sc Fdy.104% 103% 104% 103% Am B Shoe 47% Am Steel Fd ... 75% 73 74% 72 Am Loco 111% 111% m% ill Genera! Elec .239% 238% 239 237'4 Gen Ry Signal..loo% 99% 100% 994, Gen Tank 101% 100 100 69*4 N Y Air Brake.. 45V, 44% 45% 44'% Pressed Stl Car.. 22% 32% 22% 22% Pullman 87% • 87% 87% 87% Westlngh Atrb.. 48% 48% 48V, 48 Westingh Elec ..146% 144% 145% 144% Steels— Bethlehem 86% 83% 87 84% Colorado Fuel 71% 71% 71% 71% Crucible 94 92% 93% 91% Otis ‘39% 39% Inland Steel 83% 83 Rep Iron Sc Stl. ; 84% 83% 84% 83V, Sloss-Sheff 122 121% 122 122% U S Steel 165% 163% 165% 164 Alloy 48% 48 % 48’, 48% Warren Fdy .... 30% 29% 28% 31 Vanadium Corp 112% 100% Motor*— Am Bosch Mag.. .. ... 42% 42% Briggs 59% 59 59V, 58 Va Chrysler Corp ..125 123% 123% 124’% Eaton Axle 66% 68 96 85% Oraham-Palgr .. 52% 61% 51% 53 Gen Mot inewi. 81 80% 80% 80% Gen Motors . 202% 200% 200% 201 <4 Hudson 87% 88% 86% 87% Hupp 81% 81% 81% 81% Jordan 13% 13% 13% 13% Mack Motors ...108 106% 107% 108% Marmon 75% 74% 75% 73V, Reo 30V, 39% 28% 29% Motor Wheel ... 44% 44% 44% 44% Nash 105 % 105 105 103 Va Packard 143% 142% 142% 143 V Peerless 22% 22V, 23% 21% Pierce Arrow ... 36% Studebaker Cor. 88% 88 88% 87% stew Warner ...140% 138% 140% 134% Murray <Bt ... 74 69% 71% 71% Timken Bear ...159% 157 V, 158% 156 Willys-Overland. 33% 33% 33% 33% Yellow Coach .. 39% 39% 39% 40% White Motor ... 44% 44 44% 43% Mining— Am Smlt Sc Rfg 97 96% 96% 96% Anaconda Cop ~120% 119% 120% 120% Andes 51% 60% 50% 60% Cerro de Pasco 106% 185% 106 106% Chile Copper ... 75 73% 75 74 Greene Cqn Cop 174% 173 173 173% Inspiration Cop. 45% 45% 48% 55% Int Nickel 56 55 V, 55% 55'% Kennecott Cop .158% 157% 168 157% Magma Cop ... 68% 69 89% 67% Nev Cans 42% 42V. 42% 42% Texas Gulf Sul.. 79% 78% 79% 78 U S Smelt 65% 65% 65% (65V, Oil*— Atlantic Rfg .. 64% 64% 64V, 64% Barnsdall (A).. 45 44’, 44% 44% Freport-Texas... 53% 52% 83%' 53% Indp OU & Oa3. 33% 33 33 33 Marland Oil .... 44% 44V, • 44% 45 Mid-Cont Petrol. 35% 35V* 35V, 36% Lago Oil St Tr 31 Pan-Am Pet B. 49% 48% 49% 48% Philips Petrol.- 43% 43% 43% 44%. Praiie Oil & G. 61 59% 59% 59% Union of Cal 50 50% Pure Oil 26'% 36 v. Royal Dutch .. ~ ... 54% 55 Shell 28% 28% 28% 28% Simms Petrol .. .. ... 22% 22% Sinclair Oil ... 43% 42% 42% 43% Skellv Oil 36 % 35 V, 35% 35% Sid OH Cal 70% 70 70 70% Std Oil N J .... 53% 53Va 53% 53% Std Oil N Y .... 43% 43% 43% 44 Texas Corp .... 65% 64% 84% 65 Transcontl 11% 11% White Eagle 34% 34% 34% 38 Industrials— Adv Rumely 90% ... Allis Chalmers .192 191%/191% 190% Allied Chemical..2B7 24* 1 257 258 Armour A ' 18 17% 17% 17% Amer Can 118% 117% 117% 117% Alaska J 9% 9% 9% 9% Am Safety Raz. 71 Va 70% 71% 70 Am Ice 39% 39% 39% 40 Am Wool 36% 28% Curtis 158% 158% 156% 158% Coca Cola 170 Conti Can 63% 82% 62% 168% Certalnteed 28% Congoleum 3Q% 30% 30% 30% Davison Chem.. 64% 84% 64% ... Dupont ... 504 Famous Players. 804, 59% 60 59% Fox A 98 95 95% 95 Gold Dust 81% 79% 80% 77% Glidden 40% 39% 40% 30% Int Paper 86% Int Harvester... 96% 86% 95% ... Lambert 132% 132% 132% 133% ; Loews 70% 69% 70 69% May Stores 104% 104 104 104% Montgom Ward 147% 145% 145% 146*% Natl C R 101% 97V, 101% 99V, Pittsburgh Coal. 79 77’, 77% 30Vi Owens Bottle ~ 88 87% 87% 88 Hadio Corp .... 373 369% 371 372% Real Silk 64% 64 64 63 V, Rem Rand 31% 32% Sears Roebuck ..179 177% 177% 179 Union Carbide .204% 202 V, 203% 203 Victor 152 V, 151% 151% 151% Univ Pipe 20% 20% USC* Ir Pipe. 47'% 46% 48% ... U 8 Indus A1c0.,131 130% 130% 131% Wright Aero ...271 267 287 270 Warner Bros ...124% 123 134% 123% Utilities— Am Tel St Tel... 185% 195% 195 74 1 94% Am Express 390 288 A mWat Wka. ~ 70% 70% 70% 68 Brklyn-Manh T 767* 76% 7874 76 Col G & E 141% 139% 140 128% Consol Gas 110% 109% 110 107% Eiec Pou Sc Lt 4674 48% Interboro 56% 55 55 51% Norf Am C 0.... 94 92% 93% 92% Natl Pe ver 45% 45 45 44% Cal Flison 55% 55% 55% 54% Std Gas & El.. 86% 84% 85V, 85% Utilities Power. 41% 41% 41% 41% West Union Te 1.194% 193 193 194 Shipping— Am inti Corp ..145% 144 144 144 Am Ship & Com 38% At! Gulf Sc W I ... Inti Mir M pfd 36% 38% 3914 371/. United Vrult ...1427, 1417, 141% 141% Foods— Am Sug Rfg 84% 84% Austin Nichois 8% B’, Kroger 117% 117 V, 117 % 117 % Beechnut Pkg .. 98% 98% 98% 97% California Pkg 75% Corn Products.. 89 88V, 88% 897, Cudahy 63% 63 Cuban Am Sug 16% 16 Fieischmann Cos. 82 80% 81% 80% Jewel Tea 149 Vi Kraft Cheese... 38% 38% 38% 36% Natl Biscuit 196 198 Natl Dairy 132 131 131% 130 Postum Cos 78 76V, 78 76% Ward Baking B 19% 19% 19% ... Tobaccos— Am Sumatra ... 57 55% 57 Am Tobacco 176 Am Tob B 181% 171% 181% ... Con Cigars .... 95% 95 95 95% General Cigar.. 63’, €3% 63% 63% Llg Sc Meyers.. 94% 98% 94%. 90' Lorillard 28% 27% 28% 25% R J Reynolds .162% 160% 1627, 156^, Tob Product* B 102 99 102 98% United Cigar St 27% 26% 27% 25 Schulte Ret Btrs 40 397* 39% 40*4 CERAMIC EXPOSITION TO BE HELD IN CHICAGO $230,000 Display of Glass, China, and Pottery Planned. j 8.1/ Times Special CHICAGO, Jan. 11.—Woman is the greatest inspiration behind the j American manufacturer today, driving him to new ideas, new ideals, compelling him to put color, art and beauty in his products and speeding up his mental activities. This statement was made today by Ross C. Purdy, secretary of the American Ceramic Society, in telling of the plans sos the first American ceramic ! exposition ever attempted. ; The exposition, which opens on ■ Feb. 4, at the Stevens hotel. Chicago j will display the most remarkaole, 1 colorful and modern exhibition of j ceramic w ares ever gathered in one place In the United States. More ! than $250,000 worth of finest glass. ! china, pottery, art ware, stoneware, Ule, ?tc.. all made-in-America, will be assembled in one great room.

PORKERS SAIN 15 CENTS AT LOCAL YARDS Cattle Market Slow and Steady; Vealers 50 Cents Higher. Jan. I Bulk. Top. Receipts 3. 19.2; $9.25 9,000 4. 9 00 0.00 11.000 5 9 25 9.35 5.500 7. 9.50 9.50 6,500 8. 9.35 9.35 13.000 9. 9.35 9.35 12,000 10. 9.25 9.35 9,000 11. 9.35 9.40 8,600 Hogs were generally steady to 15 cents higher, mostly 10 to 15 cents higher on 150-300 pound weights, at the local stockyards today. Receipts were slightly lower numbering 8,500, and holdovers from Thursday’s market totaled 363. The cattle market opened slow and steady with a few yearling steers selling around sl3, Vealers were 50 cents' higher. Good and choice vealers selling at $18.50 to $19.50. The sheep and lamb market was steady, better grade lambs brought $15.50 to $16.50. Culls and throwouts sold for $lO to $14.50. The Chicago hog market opened with the salesman asking higher prices. Few early sales were strong with Thursday’s average. Few early loads of choice 180-210 pound weights brought $9.10 to $9.15. Paying $8.90 to $8.95 for 250-270 pound averages. Receipts were 43,000, including 17,001 directs, holdovers were estimated at 9,000. Hog prices today are as follows; 250-350 uonds, $8.50 to $9.40; 200-250 pounds, $9.35 to $9.40; 160-200 pounds, $9.35 to $9.40; 136-160 pounds, $8.90 to $9.40; 90-130 pounds, $7.50 to $8.75, and packing sows, $7.50 to $8.25. Cattle receipts were 550; calf receipts were 650. Beef steers, $10.50 to sls; beef cows, $7 to $9.50; low cutter and outter cows, $5.25 to $6.75; vealers, $18,50 to sl9-50; heavy calves, $7 to sl2, and bulk stock and feeder steers, $8 to $10.50. Sheep receipts were 600. Top fat lambs, $16.75; bulk fat lambs, sl4 to $16.50; bulk cull lambs, $lO to sl2, and bulk fat ewes, $5.56 to $8.25. —Hog*— Receipts. 6,500; market, steady to higher. 860-250 lbs. $ 8.507 V 9.40 100-280 lbs 9.354/ 9.40 160-200 lbs 9.354/9.40 130-160 lbs 8.904/ 9.40 90-130 lbs 7.50® 8.75 Packing sows 7.50® 8.25 —Cattle— / Receipts, 550; market, steady. Beef steers ~..510,504/15.00 Beef cows 7.00® 9.50 Low cutters and cutter cows.. 6.25® 6.75 Bulk stock and feeder steers.. 8.00®10.50 —Calve*— Receipts, 660; market, steady to higher. Best veals ~..' $18.50® 19.50 Heavy calves 7.00®12.00 —Sheep— i Receipts, 600; market, steady. Top fat lambs ....$16.75 Bulk fat lambs 14.00f816.80 Bulk cull lambs 10.004/ 12.00 Bulk fat ewes 5.50® 8.26 , Other Livestock Bu United Pres* PITTSBURGH. Jan. 11.—Hogs—Receipts, 3.250; market, strong: 250-350 lbs., $9.25ft 9.60; 200-250 lbs., [email protected]* 180-200 lbs., $9.3&(z/ 9.65; 130-160 lbs.. $9#9.60; 90-130 lbs.. $8,254/9.26; packing sows, $7 50®8. Cattle—Receipts. 50. Calve*—Receipts, 125; market steady; market weak; beef steers sll4/13,50: light yearling steers and heifers. $94/13: beef cows, $74*9.50; low cutter and cutter cows. $4,501*6.50; vealers, $11018.50; heavy calves. slll*l7. Sheep—Receipts. 1.500; market, weak; top fat lambs. $16.78; bulk fat lambs. sl4® 16.78; bulk cull lambs. sß®l2; bulk fat ewes, $64*9. Bn United Prow , EABT BUFFALO. Jan. 11.—Hogs—Receipts 4.600: - holdovers, 800; market, steady; 250-356 lbs,, $94t9.50: 200-250 lbs., $9,254*0.65; 100-200 lbs., $9.25®9.85; 130160 lbs.. $04*9.65; 90-130 lbs., $8,504/9,13; packing sows, $7,754*8.23. Cattle-Re-ceipts, 176. Calves—Receipts, 400; market, steady; market 60c up; beef steers, $11,784/: 14.50: light yearling steers and heifers, $12,504/ 15; beef cows, $8,364/ 10; low cutter and cutter cows $54*7; vealers, $18.7541 19.59. Sheep—Receipts, 6,400; market, 23c down; bulk fat lambs. $164i16.50; bulk cull lambs, $10,754/13; bulk fat ewes. $808.60. Bp Times Special LOUISVILLE, Jan. 11.—Hogs—Receipts, 600; market 10c higher; heavy and medium hogs, 180 lbs. up. $8,854/9.35; pigs and lights, 180 lbs. down, $7.3006.95; stags and throwouts, $7.15®7.75. CattleReceipts. 200; market steady, prime heavy steers. $12013; heavy shipping steers, $lO 012; medium and plain steers, $8.50010; fat heifers, $7.608*11.50; good to choice cows. sß4* 9.50: medium to good cows. s6ffi 8: cutters. $5.506 6: canners. ([email protected]: bulls. $6 3009.50: feeders. $8011.60; Stockers, $6.50® 11. Calves—Receipts, 200; market steady; good to choice. $13.506715.50; medium to good. $114*13; outs, $64*11. Sheep—Receipts, 50; market steady; lambs, $12.50013: second. $8@10; sheep, s4@6. Thursday’s shipments: Cattle, none; calves, none; hogs. 174; shßep, none. Bn United Press FT. WAYNE. Jan. 11.—Cattle—Receipts. 100; calves, rscelpts 75; hogs, receipts 600; sheep, receipt* 200; market steady to 15c higher: 90-120 lbs.. $7.40: 120-140 lbs.. $8.45: 140-160 lbs.. *8.70: 160-180 lbs.. *8.95; 180-20 lbs.. *9.25; 200-225 lbs.. $9.05; 225275 lbs.. $8.93: 275-300 lbs.. $8.75; 300-400 lbs., $8.35; rouhgs, S7.SO; stags, $5.50; calves, $18; lambs, sls. Bu United Press CINCINNATI. Jan. 11.—Hogs—Receipts, 2.500; holdovers, 680; market steady to 10c up: 250-350 lbs., $8,354*9.50; 200-250 lbs., [email protected]: 160-20 lbs.. $9.10@10; 130160 lbs., $8,854* 9.40; 90-130 lbs., $76*9; packing sows, $6 [email protected]. Cattle Receipts. 525; calves. 250; market, weak to 25c down; beef steers. s9® 12.50; light yearling steers and heifers ,$9.50@13; beef cows, $7.50(3 9.25; low cutter and cutter cows. $5,504/7; vealers. $:4®18; heavy calves. s94* 14; bulk Stocker and feeding steers. $96/10. Sheep—Receipts. 400; market, lambs 50c up; top fat lambs. sl7; bulk fat lambs. $14:50® 17; bulk cull lambs. $10013; bulk fat ewes, $5.5007.50. PURSER NEAR DEATH; SHOT THROUGH PORT Assistant on Dollar Lines Found Unconscious in Cabin. Bu United Press MANILA, P. I„ Jan. 11.—Apparently the victim of a bullet fired through a port hole of his ship, Allan McDaniel, 27, assistant purser of the Dollar liner President McKinley, was near death here today. The youhg seaman was found unconscious in h!s cabin at 6 a. m. today. A small caliber bullet had entered his left side. v McDaniel was unable to mike a statement but investigation by police indicated the bullet had been shot through the port hole by some one on the wharf to which the ship was tied. ■ —* ■ Waits 25 Hours to Nab Trapper Bu United Press NASHUA, N. H., Jan. 11.—Tilden Barnard, game warden, waited in the rain and snow for twenty-five hours to prove tha:, James Norton was violating the law by not tending his traps once in wenty-four hours. Norton was fined $lO and costs. ... % r v

THE INDIANAPOLIS TIMES

In the Air

Weather conditions at Indianapolis airport at 9:30 a. m. Southwest wind, 12 miles an hour; barometric pressue, 29.82 at sea level; temperature, 32; ceiling, unlimited and slightly overcast; visibility, 5 miles.

RADIO STATION WILL BE BUILT NEAJIAIRPORT T. A. T. Engineers Here to Plan Passenger Depot for New Line. Preliminary steps for establishment# of a radio broadcasting and receiving station near the new municipal airport for communication with passenger planes of Transcontinental Air Transport, Inc., ovean-to-ocean tvir mail passenger route were taken here Thursday by T. A. T. engineers, J. E. Sturgis and B. F. Stotler. They came here to confer with James A. Perry, president, and Captain H. Weir Cook, general manager of Curtis Flying Service of Indiana, which will handle passenger arrangements for T. A. T. when it starts April 1. '■ The engineers inspected the municipal airport site south of Ben Davis to obtain an idea of possible location of a passenger station for T. A. T. planes, and also a large hangar. According to present plans, a broadcasting station will be located probably a half mile from the airport, with towers 168 feet high. Similar broadcasting stations will be located at each airport where T. A. T. planes stop, including Columbus, Indianapolis, St, Louis, Kansas City, Dodge City,' and other cities from New York to Los Angeles. Through these stations the crews of the planes will be in constaht communication with ground stations, as each plane will be equipped with both broadcasting and receiving sets. # This will enable the crews to obtain frequent weather reports and tell of the progress of the trip. Plans Boston-London Hop Bn United Press i BOSTON, Jan. 11,—LieutenantCommander Harry Lyon, who flew to fame and Australia in the Southern Cross, may attempt a nonstop flight from Boston to England next spring, he announced here. He said a SIOO,OOO tri-motored plane is being built for him at Fasadena, Cal. A nonstop flight from Los Angeles to Boston might precede the trans-Atlantic hop, he indicated. Captain William Lancaster and Mrs. Keith Miller probably would accompany him on the Boston-to-England flight, Lyons said. Women Like Air Travel LONDON, Jan. 11.—Women are doing more than men to popularize air travel. In six months recently more than 27,446 passengers crossed the channel by airplanes—a majority of them women—rwhereas the total number of passengers in 1927 was only 25,865. Reserve Plane Added To assure regular trips of the Embry-Riddle Company air mail planes between Chicago, Indianapolis and Cincinnati, the company has placed a reserve plane at the Chicago field. The ship, a Hisso-motorecl Waco biplane, was flown to Chicago Thursday by Pilot Warren H. Vine. It will be used only when the regular mall ship is out of commission at Chicago. Flies Here for Confab G. A. Jones, flying representative of the Ryan-Mahoney Aircraft Company, St. Louis, landed at Capitol airport Thursday in a Ryan brougham to confer with Lieutenant E. H. Jose, Capitol airport president. New Biplane Delivered B. F. Billings, pilot, and B. F. Dodson, passenger, delivering anew Travelair biplane from the factory at Wichita to Boston, lande dat Indianapolis airport Thursday. Gets Plane Repaired Lieutenant Matt G. Carpenter, One Hundred and Thirteenth Observation squadron, Indiana National Guard, flew a national guard Curtiss 0-11 biplane to Fairfield air depot, near Dayton Thursday, leaving the ship for installation of anew motor. was returned to Indianapolis by Captain Earl W. Sweeney, who made the trip in another 0-11. # ■ Fliers Officially Dead CORBEIL, France, Jan. 11.—Four French aviators who were lost dining a search for General Umberto Nobile’s expedition last summer were pronounced officially dead today by a "civil tribunal here. They were Rene Guilbaud, Emile Valette, Gilbert Bragey and Albert Cuverville of the Orly airport, near here. Peruvian Fliers on Way Bp United Preib ’ '■■■ NATAL, Brazil, Jan. 11.—Carlos Martinez de Pinillos and Naval Lieutenant Carlos Zegarra, Peruvian fliers en route from Lima to New York, expected today to leave here Sunday, continuing their northward flight. Famous Sportsman Is Dead Bu United Press LONDON, Jan. 11.—Sir Humphrey Francis de Trafford, 66, sportsman and cattle breeder, died here today. Dnuraer Heads French Senate Bu United Press PARIS, Jan . 11.—Paul Doumer was elected president of the Frencn senate without opposition last night. *

WHEAT PRICES DROP SHARPLY IN PIT OPENING Outside Markets Fail to Respond to Recent Price # Advances. Bu United Press CHICAGO. Jan. 11.—Failure of outside markets to respond to recent advances here caused a sharp decline in wheat prices today. A withdrawal of buying support weakened corn. Oats were lower in sympathy. At the opening wheat was.% cent to 1 cent lower, corn was off % cent to % cent and oats were Vs. cent lower. Provisions were unchanged. Liverpool failed to respond fully to the advance in wheat were indicating foreign buyers are unwilling to replenish stocks at the higher level. Sentiment in wheat was improved slightly, but the feeling is still general that the large North American supply will force prices lower eventually. While the rank and fl’. a ,of traders look for higher com prices, the belief is common that prices have advanced enough a T . this time. Oats has shared in the strength of major grains, but farmers continue to hold back and the cash market is firm. Chicago Grain Table —Jan, II Prav. WHEAT— High. Low. 12:00 Close. March 1.17% 1.17% 1.17% 1.18% May 1.20% 1.20V* 1.20% 1.91% July 1.22 1.21% 1.21% 1.22% CORN— March 82% .92% .92% .92% May 95% .95% .95% .95% July 97% .96% .97 .97% Inarch 49Vi .49% ‘ .40% .49% May SSO .49%* ,49% .50 July 49% .48% RYE— March 1.04% 1.04% 1.04% 1.05 May 1.08% 1.06%, 1.05%, 1.07% July ..1.04 .03% 1.03% 1.08% LARD-** i Jan. 11.77 11.75 11.75 11.75 March 11.92 11.92 May 12.20 12.17 12.20 12.20 RIBS—• Jan .... 12.05 May .... .... 12.67 Bp Times Special CHICAGO, Jan. 11.—Carlots: Wheat, 53; corn, 262; oats. 48; rye, 4. STATE BANKS ELECT Three Fletcher,Subsidiaries Name Officers. Officers and directors of three Indianapolis state banks, affiliated with the Fletcher Savings and Trust Company, were elected Thursday. South Side State Bank—President, John Lauck; vice-president, Lawrence A. Wiles; cashier, Louis C. Engelking; assistant cashier, Emjl Kuhn. Directors: John Lauck, L. A. Wiles, L. D. Buenting, W. H. Doenges, P. P. Efroysom, G. M. Fritz, J. C. Volrath, George M. Oeftering, all south side business men and Sylvester O. Kasberg, cashier; Francis A. Ohleyer, assistant trust officer, and Arlle Rigsbee, manager of Insurance department of the Fletcher Savings and Trust Company. Rooievelt Avenue State Bank—Evans Woollen, president of the Fletcher Savings and Trust Company, re-elected .president of the state bank, and Garvin M. Brown, re-elected vice-president. W. E. Gatewood named cashier and Homer Philllpps made assistant cashier. Directors: Evans Woollen, G. M. Brown. Dr. Lehman, M. Dunning, Dr, Roy Egbert, George J. Shick, Louis Schwegman and L. Albert Buennagel, secretary of the Fletcher Savings and Trust Company. Sixteenth Street State Bank—Hugh McK. Landon, vice-president of the Fletcher Savings and Trust Company was re-elected president: Charles W. Scott, vice-presdient; Clinton F. Mitchell, cashier, and Robert Dietrich, assistant cashier. Directors: H. McK. Landon, C. W. Scott, Vinson Carter, Clifford G, Askin, Stuart Dean, Charles A. Greathouse, David Shane and Qeorge B. Wiegand.

Commission Row

PRICES TO RETAILERS FRUITS . Apples—Box Jonathan. $3.25®2.50: basket Jonathan, $1.50®2.25; box Delicious. [email protected] box Grime*. $2.25®2.75; basket Grimes. $1.50®2.25; basket Winter Bahamas, f1.75@2. Oocoanuts—s6.so a bag of 100. .. Cranberries—ss a 38-lb. box: BXO a 50lb. box. Grapes—Emperors, lugs, $2.75; kegs. $4; Almerla. keg, $6. Grapefruit—s3.so®3.7s. , Lemons—California, a crate, $7.25®7.50. Limes—Jamaica, 100 by count. (2.25® 2.50 Oranges—California Valencia, a crate. $5.50®6: Florida. $3.75@4,25. Persimmons—Japanese. $1.75@2; 40 to 70 count. Pears—Bose. box. $4 50; Anjau. $4.75. Strawberries—Florida. 90c a quart. VEGETABLES Artichokes—sl.7s a dozeh. Beans—Southern stringless. $5.50 a bushel. Cabbage—Wisconsin, a lb.. 3%@4c. Cauliflow'er—California. $2 25. Celery—California rough, a large crate, s4® @4.50. Eggplant—Dozen. $2. Kale—Virginia, $2®2.25 bushel. Kale—Virginia kale. $2 50 a crate. Lettuce—California head, a crate so.s'i home-grown leaf, a bushel. $2.15®2.25. Mustard—Fancy home-grown, a bushel. sl. Onions—Yellow, a 100-lb. bag. $5®5.5u Spanish, a crate. [email protected]; Western.. $5.50 a 100-lb. bag. Parsley—Home-grown, dozen bunches. 50c. Peas—California. $7 45-lb. box. Peppers—Florida, per crate, sl4: peck baskets; $2. Potatoes —Michigan round white, 150 ibs. $2; Ohio, $1.50®1.75: Idaho. $2.50 a bag Radishes Button hothouse. dozen bunches, 90c. Spinach—Texas, a bushel, [email protected]. Sweet Potatoes—lndiana Jersey, $3 a bushel; No. 2. *1.76 a bushel. Tomatoes—California, repacked, a 6-bas-ket crate. *506; hothouse. 10-lb. basket, $3.50.

Local Wagon Wheat

City grain elevators are paying $1.24 for o. 2 red wheat and sl.lO for No. 2 hard. Building Permits H. L. Bowmann, excavation, 965 North La Sails. $250. D. A. Murphy, dwelling and garage. 473$ ■ North Pennsylvania. SIO,OOO. Acme Macnien Tool Company, boiler. 2211'East Washington, SI,OOO. O. O. McKinley, boiler. 5161 North Schofield. S3OO. H. C. Hanna, dwelling, 320 Poplar road, $8,800.'JC. Coffin, repair. 4SS West Thirteenth, I Greenough, repair, l 22ss North Meridian. $1,500. C. 6. Bradley, repair. 441 North Bradley, $600., w. Evans, repair. 5019 North Meridian, $2,500. T. E. Garvin, repair, 3610 North Pennsylvania, $1,200. J. D. Johnson, repair. 1831 North Capitol. $2,000. W. A. Johnson, repair. 1271 Eugene. S7OO. ■ NEW YORK COFFEi RANGE High. Low. Close. January 15.95 March 15.45 15.41 15.45 May 14.77 14.70 14.77 July 14.20 14.20 14.20 September 13.75 13.71 13.75 December * 13.65 , 18.42 13^5

German Movie King Here

""I =r" : ' v: ‘-~ " -fe" -T

First to greet Max Reinhardt, famous German film producer (left) when he arrived in Hollywood* the other day were Lillian Gish and Doug Fairbanks. Reinhardt is nere to produce a motion picture starring Miss Gish, which he says will equal “The Miracle,” which won him fame.

The City in Brief

Memorial for Van C. McCrory, former Vice-president of the McCrory chain store organization, who was killed near Orlando, Fla., will be observed in McCrory stores throughout the country Saturday, when doors will be closed from 12:30 to 1:30 p. m. The Jan. 29 meeting of the Nature Study Club will be held in the Masonic Temple auditorium at 8:15 p. m. Methods of handling personnel were discussed at the meeting of the Exchange Club today at the Lincoln by J. C. Willard, personnel manager of the Diamond Chain Company, # AI G. Barnes Amusement Company, circus organization, today filed incorporation papers with -the secretary of state. Headquarters are at Peru. Incorporators are Robert DeLochte, Jess H. Adkins and Walter Rariden, all of Peru. Capital stock is 1,000 shares at $lO par. \ H. A. lams of the Westinghous research laboratories at East Pittsburgh, Pa., will address members of the Indianapolis-Lafayette section of the American Institute of Electrical Engineers next Friday evening at the Lincoln. He will discuss “Picture Transmission by Radio." Someone who entered her home with a pass key, stole a SIOO diamond ring, a sls watch and $lB revolver, Mrs. Catherine Gilbert, Negro, 2906 North Arsenal avenue, reported to police today. Miss Doris Hoppengarner, 16, of 1023 North Capitol aevnue, Is missing from her home, her sister, Mrs. Ruby Asbury, reported to police. Sheriff George L. Winkler today investigated robbery of the store of William Perkins on the • Madison road near Edgewood. Several hundred dollars worth of clothing was taken by burglars who bored holes in a door panel. Marriage Licenses Leroy Fuller. 22, of 1732 Draper, carman, and Berneice Lee, 20. of 966 Udell. • Elroy ack, 40, Minneapolis, mechanic, and Edwina Humbert, 27, of 2743 North Denny, housekeeper/ i Births Boys Norman and Martha Reinking, 1241 Naomi, Burneif and Beulah Conner. 6519 College. Arthur and Rowena Cunningham. 1842 North Healing. Clemens and Mary Greskarap, 3819 Boulevard place. William and Mammie Smith. 21 West Frank and Lydia Herman, 2608 East Seventeenth. Ralph and Irma Cottey, Methodist hospital. Bertram and Molll# Short, Methodist hospital. John and Emma Korn Methodist hosDl Lloyd and Myrtle King, 1226 North Rural. Thomas and l.afave, 1046 South Reisner. Harry and Agnes Bodine, Christian hospits Muton and Sussie Bluitt, 1902 Miller. George and Addie Norman, 1140 East Sixteenth. . James and Mary Summers. 2478 Bond. Albert and Irene Humphrees, 109 Bloomington. Luther and Ellen Freeman, 2602 North William and Marguerite MacKenzle, 524 West New York. Eugene and Helen Fans, 2253 Hillside. Booker and Evelyn Walker. 2047 Alvord. Marshall and Ethyl Brents. 1137 Roache. Girls William and Mayme Wright, 320 North Oriental. ■ • . Clifford and Daisy Walters, Methodist hospital. John and Clara Manley, 1136 East Ohio. Arthur and Julia Pyke. 1018 South KeyCarl and Evelyn Wencke, 1331 Maderta. Elmer and Helen Davis. 501% Agnes. Robert and Mabel Scott, 60 South Summitt. / Everett and Mary Childers, 1611 West Market. Jason and Leona Manual, 923 South Chase. Roy and Eura Smith, 1219 East Fifteenth. Twins Homer and Ethel Muchmore, 1025 South Alabama, boy and girl. Deaths Elizabeth Moore, 27. Methodist hospital, septicaemia. Qharles Singleton Griffin, 39, 427 North Wallace, acute myocarditis. Margaret E. Tucker, 68, 3607 Shelby, chronic myocarditis. Mary Evalvn Huffman, 4, city hospital, lobar pneumonia. James Price Childers. 80. 305 South Leeds, chronic myocarditis. Walter 3. Russell, 74, 1046 South Sheffield. uremia. . Bernice Scott, 3 days, 60 South Summltt, accidental. Rosalin Mendosa. 50. city hospital, pulmonary tuberculosis. William T. Jones, 67, city hospital, carcinoma. Daniel Warren. 91. 6137 Ballefontaine, broncho pneumonia. Eliza Veateh. 68, 407 South Alabama, lobar pneumonia. Bevley Wilburn, 50, city hospital, broncho pneumonia. Marv Hamilton, 38. 2358 Highland Place, lobar pneumonia. Mary Rose Pancake. 7 days, city hospital. premature birth. Mary Walker. 73. 1022 Lafayette, influenza. James Laird Grieve, 85, 3460 Garden, chronic myocarditis. Fiora Taylor. 76, city hospital, hypostatic pneumonia. Hattie Lucas. 25. 2120 South New Jersey, pulmonary tuberculosis. Jean Harben, 41, St. Vincent's hospital, acute nephritis.

HOOVER ASKS . ROOT’S ADVICE Confers With Former Secretary of State. Bu United Press WASHINGTON, Jan. 11.—Presi-dent-Elect Hoover con f erred for an hour and a half at breakfast today with Elihu Root, former secretary of state, long a leader in the Republican party and a champion of international peace movements. Hoover, It is understood, sought Root’s opinion as to a secretary of state, discussing with him those he had considered for this important post. Root, it is known, is not considered for this post himself. He has been in ill health. The two talked of Hoover’s LatlnAmerican tour which Root also made some years ago. Root was Invited to the conference today by Hoover. The former secretary of state was to have presided at Hoover’s New York Madison Square Garden campaign rally, but was prevented by illness. A luncheon engagement of the President-elect today with Senator Watson of Indiana was cancelled this morning. It was explained that Hoover would talk with the Indiana senator, whose friends are grooming him for the senate leadership, through Hoover senatorial forces are understood to be opposing hk elevation. Hoover saw Watson a few days ago. DRAFT EVOLUTION BILL Texas Measure Would Fine and Dismiss Teachers. Bit United Press AUSTIN, Tex., Jan. 11.—An antievolution bill, providing dismissal and fine of SSOO sos any state supported school instructor who teaches as fact the theory that man ascended or descended from other animals. was introduced at the opening session of the Texas state legislature here. All references to evolution have been eliminated from text books supplied by the state.

$320,000 frai Porto Rico 4 1 A% Gold Loan of 1929 Due January 1, 1954 Optional January 1, 1939 Price: 102.43 to yield 4.20% to * optional date and 4.50% thereafter THESE bonds are issued under authority of the the Acts of Congress of the United v States and of the legislature of Porto Ricoj * Indiana's *he issue has been passed JCargefl ‘inveSlmnt u P on Attorney-General of the United Homo States. 3‘ Exempt from all local, State and Federal r Fletcher American Cos. cAffiiiated with the FLETCHER AMERICAN NATIONAL BANK

Take a Winter Vacation in the West Indies For the traveler who desires to combine a refreshing vacation with an escape from cold weather . . . but whose time is more or less limited . . . a West Indies cruise answers the exact requirements. Here are quaint, interesting lands that will introduce him to new traditions and customs and a winter climate incomparably delightful. Plan to go this season . . . and let the Union Trust Travel Bureau arrange all the / details of your cruise. Bichard A. Kurtz, Manager Travel Bureau The Leading Travel Bureau of Indianapolis ftuNION TRUSTS Qggy 120 E. Market St. KI ley 6341.

PAGE 29

EMPLOYES OF LEGISLATURE ARE APPOINTED Entreaties of Hundreds of Applicants Are Put in Pigeon-Holes. • Favored friends of legislators throughout the state today held fifteen-day “contracts” on a $5-a- ---: day legislative posts while house and senate plunder committees pigeonholed the entreaties of hundreds of other applicants. Senate employes for the first fifteen days announced by Senator Bruce E. Cooper, (Rep., Vander- ; burgh and Warrick), chairman of I the senate committee on employing j assistants and incurring lndebted- | ness, arr • Miss Marie Backmeyer, i Richmond, minute clerk; Claude | Phillips, Carbon, file clerk; Mrs. ; Gladys Brennaman, Columbia City, register clerk; Miss Marian Bey, Vincennes, indorsing clerk; William Alpin, Valparaiso, roll clerk; Mrs. Wiiliam Perish, Farmersburg, calendar clerk; Mrs. Dan Hoover. Muncie, reading clerk; Edward Abernathy, Vincennes, engrossing chief; Miss Margaret Stillwell, Vincennes, Journal clerk; Joseph Hall, Paoli, assistant postmaster; Mrs. Pearl Hughes, Indianapolis, hostess, to preside in the galleries; and stenographers, Miss Clyde Schumeier, Boonville; Miss Fern Gladdish, Petersburg; Miss Janet Rawles. Carthage; Miss Anna Mae Scott, Martinsville, and Mrs. Darle Leach, Princeton. William Wimmer, Marion, and Jerry Brown, Indianapolis, were named assistant doorkeepers. House appointments announced by Representative Forrest Knepper (Rep., Kosciusko), “plunder committee” chairman, are: Miss Ella Groninger of Indianapolis, journal clerk; Miss Blanche Risk of Newcastle, file clerk; C. O. Ketrow of Mentone, engrossing clerk: Greta Scroggy of Indianapolis, assistant engrossing clerk; J. I. Rockwell, indorsing clerk; Pearl Williams of Wabash, register clerk, and stenographers, Miss Marie Crum of Madison, Miss Beulah Swanson of La Porte and Mrs. Grace Munroe of Indianapolis. Lieutenant Governor-Elect Edgar D. Bush announced appointment of Mrs. Bertha Van Camp, Brookville, as his private secretary; Ernest Stephenson of Salem, doorkeeper at his private office, and Nathan Hardy of Indianapolis, messenger. PREDICT SENSATION IN EINSTEIN’S NEW WORK Treatise Ready for Prussian Academy of Science. Bn United Press BERLIN, Jan. 11.—Professor Albert Einstein’s latest work, elaborating on his theory of relativity, will be submitted within a few days to the Prussian Academy of Science. Press reports today said that Einstein’s brief dissertation, based on mathematical and physical researches, deals with the problem of “merging mechanics with electrodynamics.” It is expected to cause a sensation in international scientific circles. The Zeitung Am Mittage said Einstein’s new work is the result of a decade of research but covers only five pages. It was recalled, however, that his original work on the theorv of relativity, which b*tr.ri<Jted the whole world, lay as well as sclen tide, covered only ui.uc Trade Commissioner Shifted WASHINGTON, Jan. 11.—James G. Burke, trade commissioner, of Bennington, Vt„ now stationed at Barcelona, Spain, was ordered today by the commerce department to report to Buenos Aires, Argentina, where he will serve as assistant commercial attache.