Indianapolis Times, Volume 40, Number 204, Indianapolis, Marion County, 14 January 1929 — Page 12

PAGE 12

MARKET RISE FEATURED BY WRIGHT HERO American Sugar Makes New High; Rails Hold Firm Tone.

Average Stock Prices

Average of twenty industrials Saturday was 301.25 off .41. Average of twenty rails was 152.91, off .18. Average of forty bonds was 96.23. up .66. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Jan. 14.—Apprehenion over the rediscount rate caused further irregularity in the stock market today. Prices in early dealings were held within a narrow arc of change and dealings were relatively light. Wright Aero was a feature on the upside, rising four points to 280 on rumors directors would declare an extra cash dividend at their next meeting. Park & Tilford rose 3 points to 87%. United States Steel, American Can, Hudson, Sears Roebuck, Warner Brothers Pictures and Bethlehem Steel were among isues selling lower. American Sugar was a strong .%~ot, adding another point to its 3 % point rise of Saturday. The issue sold at 89 % on expectation of earnings of more than $lO a share to be reported for 1928. Allied Chemical was bid up 2% points to 259%, and U. S. Rubber gained nearly a point to 52%. Chrysler. Studebaker and a few other motor shares were In demand. General Motors new held unchanged at 79%. U. S. Steel opened at. 160% off %, but in the first fifteen minutes turned about and shot up to 167%, in active turnover. This stimulated buying in several other seci ions of ' the market, but active profit-taking , went ahead elsewhere. American Sugar in the first half hour rose above 90, anew high on the present movement. American Can rallied as did several other early losers. Rails were quiet but firm with New York Central up fractionally.

Banks and Exchange

Clt* bank clearings figure*, as given In The Times daily, are cheeked carefully and always are correct, barring possibility of typographical errors. INDIANAPOLIS STATEMENT Indianapolis bank clearings Monday, Jan. 14, *4.914,000; debits, $9,161,000. NEW YORK STATEMENT Bu United Press NEW YORK, Jan. 14.—Bank clearings, $690,000,000; clearing house balance, $143.000,000; federal reserve bank credit. $137,000,000. TREASURY STATEMENT Bu United Press WASHINGTON. Jan. 14.—The treasury net balance for Jan. 11, *164.446 834.24 customs receipts to that date, $15,298,952 94.

In the Stock Market

(By Thomson & McKinnon* NEW YORK, Jan. 14.— The weeknd developments carry nothing of m outstanding nature insofar as the stock market is concerned. The i irregularity of the market during j the past week has largely been the j result of the credit situation. We may get a fresh incentive to offset monetary conditions, but except for the discussion of a possible melon cutting by the steel corporation and the probability of a crop of good annual reports, we see nothing to give the market definite trend. Births Bovs Stephen and Fota Nikoloff. city hospital. Rawle'gh and Edith Rainwater, city C cs'.arles and Hazel Burkett, city hospital. James and Elsie Thompson, city hosElmer and Lillie Duke, city hospital. Central and Mattie Holman, city hospital. Harvey and Allie Reese. 415 Virginia. Lawrence and Rebecca Smith, 2149 Ransdell. Simon and Hazel Lausman, 116 North Herman. William and Nell Parrish, St. Vincent's hospital. Joseph and Mary McQuire. St. Vincent's hospital. , _ Edward and Mary Vogel, St. Vincent s hospital. Patrick and Mary Shea, St. Vincent s hospital. Fiord and Marie Kiriin, St. Vincent’s hospital. Glenn and Laura Cain. St. Vincent's hospital. Eddie and Gertrude England, 349 South Hamilton. Girls Henry and Marie Wolf, city hospital. Agnew and Estel Reed, city hospital. Norman and Mary Wray, city hospital. Charles end Dorothy Cavender. 1211 East Raymond. Noah and Verna Norris. 2113 Avondale. Theodore and Gertrude Sehiflerdecker. 245 Fulton. Charles and Eva Sammons, St. Vincent s hospital. Emile and Garnet Ramband. St. Vincent's hospital. Darnel and Cleo Moran, St. Vincent's hospital. Joseph and Catherine Quigley. St. Vincent’* hospital. Joseph and Stella Mattingly, 1304 West Twenty-third. Clyde and Helen Sanders, 1234 West Thirtieth. Deaths Sarah A. PeterselJh. 71. 2540 East Seventeenth. acute dilatation of heart. Gertrude Ditzenbcrger, 34. Coleman hospital. lobar pneumonia. Charity E. Brockman, 45, St. Vincent's hospital, toxic thyroid. Mortimer Lowenstein, 48. Central Indiana hospital, pulmonary tuberculosis. Henrietta Hodge. 56, 339 East Louisiana, carcinoma. John Middleton. 43. city hospital, pulmonary tuberculosis Ben Medley. 53. city hospital, uremia. Mary Ann Brinson. 2 mo.. 314 North Pine, gastro enteritl*. Ernest Spannuth. 60. 2316 Hoyt, mitral .nsuOlciency. Louisa Habig. 76. 1525 Asbury. broncho pneumonia. _ LLsette Marie Stiegemeier. 60. Central Indiana Hospital, broncho pneumonia. Is i belle Durnell, 71. 3J5 Sutherland, carcinoma. Larina B Resener, 67. 2055 North Delaware. mitral insufficiency. Florence Tewell, 2. 1326 Lafayette. Influenza. Anna Sullivan. 53, 1734 Sheldon, acute heart dilatation. . , . John Garrett. 4 mo., city hospital, broncho pneumonia. Mary Bell Perkins, 10 days, city hospital, broncho pneumonia. James Summers. 1 day. 2478 Bond, premature birth. , . , Pallas M. Mills. 76. city hospital, chronic myocarditis. Elizabeth Scott Griffin. 58, 2014 North Pennsylvania, coroners' embolism. Oscar Franklin. 50, 1214 East Fifteenth. chronic nephritis. . Emma Harris. 49, 1258 North West, influenza. _ _ . „ Wiliam H Reed. 60. 1930 East Thirtyifeond. acute myocarditis. .. . Lawrence Bagby. 5. Riley hospital, mitral Insufficiency. , , . . Julia Barber. 54. city hospital, chronic mr nrs rdl ti* kmma Hardemon, 31. 1541 Marundale. broncho pneumonia. Louts H. Renkert. 75. 5119 Central, arteriosclerosis. .. . . .. , John M. Barber, 75, Methodist hospital. m| uenzft*

New York Stocks

■ (By Thomson * McKinnon.'

—Jan 14— P.-ev. Railroads— High. Low. 13 00. Cl**. Atchison 199 JtV 4 AU Coast Line 1(0,; Balt & Ohio ...121 120% 120% 121 Canadian Pac 33S 239% Chesa A Ohio ... 216 216% Chesa Corp .... *3% 82Vi 83% 82% Chi A N west 88 Clu On West... 19% 19Vt 19% 19% CRI&P 132% 132% Del A Hudson 194 • Del A Lacka 137% Erie 68% 67% 68 68 Erie Ist Dfd 62 61’/s Ort Nor ... 109% 111 Centra! .. ... 141% 142% Lehigh Valley 98% 99% Kan City South 96% 96% Lou & Nash 148 MK A T 52% 52% 52% 52% Mo Pac pfd ... 124 123% 123’% 123% N Y Central ...190% 189% 189% 189% N Y C & St L 138% NY NH <fc H 85% Nor Paclflc ... 107% 107% Norfolk A West 191% ... OSc W 28% 28% Pennsylvania ... 79 77'% 79 77% Reading 108% Southern Ry ...156% 156 156 155% Southern Pac ..130% 130% 130% 131 St Paul 36% 36 36% 36% St Paul pfd 60% 59% 59% 60 St IS 8 W 108 St L& S F 117 116% 117 117 Union Paclflc 215% West Maryland.. 43% 43 43 43% Wabash 75 Rubbers— Ajax 10 9% 9% 9% Fisk 16% 16% 16% 15% Goodrich 102% 99% 99% 100% Goodyear 134 132 132% 133'.; Kelly-Spgfld 22% 23% 22% 23% Lee 23% 23 23 % 23’A United States .. 52% 51% 52 51% Equipments— Am Car A Fdy 102 Am Locomtlve ..ill 110% 110% 110 Am B Shoe 47% 47 47% 46% Am Steel Fdy... 75% 74 74 74% General Elec ...234% 232% 233% 335% Gen Ry Signal.. 100 99 99 99 Gen Tank 98% 98% 98% 98 N Y Air Brake.. 45% 44% 44% 44% Pressed Stl Car. 23 22% 23 22 Pullman 88% 88 88 89 Westingh Air B 48% 48’! 48% 47% Westlngh Elec ..143 140% 141 143% Steels— Bethlehem .... 86 85% 85% 86% Colorado Fuel .. 70% 69% 69% 70’,; Crucible 93% 92% 92% 91% Otis 41 4040 40% Inland Steel ... 84% 84 84% 84% Rep Iron A Stl 83 82% 83 83 % Sloss-Shefl 121% U S Steel 168% 166% 167% 166% Alloy 48% 47% 47% 43% Warren Fdy 30 30 Vanadulm Corp .104 103% 103% 104 Motors— Am Bosch Mag.. 42% 42% Briggs 57% 57 57 57% Chrysler Corp ..122% 120% 121% 121 >4 ! Eaton Axle 68% 67 67 67% Graham Paige.. 50 49% 50 50% Gen Motors New 75% 78% 79 79’% General Motors.l9B’,i 1997% 198 198 Hudson 85% 85% 85% 84 Hupp 79% 79% 79% 79% Jordan 13% 12% 12% 13% Mack Motor 106% 105 105 106% Marmon. 76% 74 75% 73% Reo 29 38% 29 29% Mot of Wheel ... 44% 44 44 44 Nash 103% 103% 103% 103 Packard 143% 146% 143% 140 Peerless 20% 20% Pierce Arrow... 34 33% 34 34% Studebaker Cor 88 87% 87% 87% Stew Warner ..141% 140', 2 140% 140 Murray B 70% 70% 70% 70% Timken Bear... 78% 77% 78 78 Wlllys-Overland • 32% 32% 32% 32% Yellow Coach... 40 39% 39% 39% White Motor 44% 44 44 44 Mining— Am Smlt A Rfg. . 96% 94% 95% 96 Anaconda Cop ..119% 118% 118% 119% Andes 50% 49’ a 50 50Vi Cerro de Pasco..lo4’. 103 104 105% Chile Copper .. 76% 75% 76 76% Greene Can Cop. 170% 168% 168% 170',; Inspiration Cop. 45 44% 45 45 Int. Nickel .... 53% 52% 53% 53'A Kenneeott Cop .154% 133'/? 154% 155% Magma Cop ... 69 68% 68% 67% Nev Cons 41% 41 41% 41% Texas Gulf Sul 78 76% 77% 78% U S Smelt 68% 66% 66% 68% Oils— Atlantic Rfg.... 62 61% 61% 62% Barnsdal A ... 44 43% 43% 43% Freeport-Texas.. 53% 52% 52% 53% Houston Oil ... ... 9% Indp Oil & Gas 32% 32% 32% 32% Marland Oil 43% 43 43 44% Mld-Cont Petrol. 35% 35 35 35'/ 4 Lago Oil A Tr.. 30% 30% 30% 31 Pan-Am Pet 8.. 48% 48 48'A 48% Phillips Petrol.. 43 42% 42% 43% Prairie Oil <fc G 62% 61% 62% 60 Union of Cal 48% 48%” 48% 50 Pure OH 26% 26% 26% 26% Roval Dutch ... ... 59% Shell 28% 28% 28% 28% Simms Petrol... 22 21% 21% 22% Sinclair Oil 41% 41 4! 42 Skell Oil 34% 35% Std Oil Cal 69% 68% 68% 70 Std Oil N J.... 52% 52V. 52% 52% Std Oil N Y 42% 42% 42% 42% Texas Corp .... 64% 64 64 60% Transcontl 11% 11% 11% 11% White Eagle 34% 34% 34% 34% Industrial.— Adv Rumely ... 10 49% Allis Chalmers ... 188% Allied Chemical 263 251 V? 262% 260 L Armour (A) 17% 17% 17% 17% Amer Can 116 114% 114% 116% Alaska J 9% 8% 9% 9 Amer H L pfd .. 36% 36% 36% 37 Am Safety Raz 71% Amer Ice 39% 39% Anr Woolen... . . . 26% 26 Curtiss 157% 157 157 % 157 Coca Cola 171 170% Conti Can 62% Certainteed 254s —36 Congoleum 30 29% 29' 30 V. Davison Chem.. 62% 61% 61% 62% Dupont ... ... 502 Famous Players 60% 59% 59% 40" ■ Fox (A’ 96% 94% 94% 95%. Gold Dust 80's 79% 79% 81% Glldden 40% 40% 40% 40 Int Paper 57'a Int Harvester... 95% 95 95 94% Lambert ... 131 V. Loews 71% 69% 70% 70% May Stores 102% 102'. 102% 102% Montgom Ward 142'-, 140',; 141% 142% Natl C R 100% 99 99 100% Pittsburgh Coal 75% 73% 7i3% 77% Owens Bottle 88 86% Radio Corp .... 361 350 361 74% Real Silk 63 % 63 63 64 Rem Rand .. 31 30% 31 31 Sears Roebuck . .174% 172'? 173% 175% Union Carbide.. .199 198% 198% 199% Victor 149 148% 148% 149% Univ Pipe 20% 20'% U S Cs Ir Pipe 44 44% U S Indus Ak-0.,130V; 129',; 129 V; 129% Warner Bros ...281 276 278 Wright Aero ...126'; 123% 124 .... Utilities— Am Tel * Tel. . 196 V; 195% 196% 196 Am Express ... ... 290 Am Wat Wks ... 74% 73% 73% 73% Brklvn-Manh T. 76% 75 76% 75% Col Cr * E 144 143 Vs 144 143% Consol Gas 107% 106% 107 108’; Elec Pow A Lt.. 47 46% 46% 46 Interboro 54% 53% 54% 54 Nor Am Cos ... 93 92% 93 82% Nat Power 45 44% 45 45 S Cal Edison 54Vi 55% Pub Serv N J... 85% 85% 85% 86% Std Gas &El ... 85V; 85% 85% 85 Utilities Power.. 40% 4040 40% West Union Tel 190% 192 Shinning— Am Inti Corp ..144 143% 144 142% Am Ship A Com 4 3% 4 Atl Gulf A W I 42% 41 41 43% Inti Mer M pfd 30% 38% United Fruit ...142 141% 142 141% Foods— Am Sug Rfg ... 91 89% 90 84% Kroger 116% 115% 115% 116% Austin Nichols 9% 9% 9% 9 Beechnut Pkg . . 99% 99% 99% 98% California 75% 75% 75% ... Corn Products .. 88% 87% 87% 88% Cudahy 67% 65 67% 63% Cuban Am Sug.. .. ... 16 17% Flelschmann Cos. 80% 80 80% 81 Jewel Tea 148% Kraft Cheese 37% . Natl Biscuit 191% 190 190 193 Natl Datrv 130 129% 130 130% Postum Cos 77% 76% 76% 77 Ward Baking B. 20% 18% 20 18% Tobacco*— Am Sumatra 57 Am Tob B 181% 180% 181% 180 Con Cigars ... . 99 94% 94% 95 General Cigar. 68% 67% 68% 65 Llg & Meyers.. 94% 93% 94% 93% LorlUard 27% 26% 27% 27 R J Reynolds ... 161 % 159% 159% 161% Tob Products B 101 105 United Cigar St. 26% 26 26 28% Schulte Ret Sirs 39% 38% 38% 38% RUSSIA TO HELP BORAH FIND NOTE FORGERS Soviet Officials Offer Aid in Tracing Fake Documents. • Bu United Press WASHINGTON, Jan. 14.—Senator Borah has been assured the co-operation of the Soviet government in determining the forger of documents purporting to show that Borah and Senator Norris of Nebraska were paid SIOO,OOO each by Russia for services in behalf of American rjcognition of that government. Maxim Litvinoff. secretary of foreign affairs of the Russian government cabled Borah Sunday through Boris E. Skvirsky, unofficial American representative of the Soviet, denying that any employe of his government was implicated in the forgery.

WHEAT GAINS AS FOREIGN MARKET RISES Argentine Weather Likely . to Govern Prices Next Few Weeks. Bu United Press CHICAGO, Jan. 14. Higher foreign markets gave wheat a firm tone here today. Corn was uneven. Oats held steady. At the opening wheat was % to % cent higher, corn was % cent lower to : 4 cent higher and oats were unchanged to % cent higher. Provisions were steady. Wheat was stronger than expected at Liverpool today and sentiment continues bullish, because of feeling that exports cannot be delayed much longer. The cold'-r weather in this country is increasing domestic consumption. Argentine wheat markets opened higher today. 1 An increase in corn export? is looked for and the sentiment appears increasingly bullish. Country offerings have become larger with higher prices, but the cash demand is still strong. Argentine weather conditions will likely be a governing influence for the next few weeks. Farm consumption of oats was large and, although prices are at the highest on the crop, farmers, continue to hold back the grain. Chicago Grain Table , —Jan. 14— WHEAT— Prev. High. Low. Close. Close. March 1.20 1.19'/; 1.19% 1.19% May 1.23% 1.22% 1.23% 1.22% July 1.25% 1.23% 1.24% 1.23% CORN— March 95% .94% .94% .94% May 99% .97% .98% .97% July 1.01 .99% 1.00% .99% OATS— March 50% .50 .50% .50 May 50% .19% .30% .52 July 49 .48% .48% .48% RYE— March 1.05% 1.05% 1.05% 1.05% May 1.08% 1.07% 1.08 1.07% July 1.07 V; 1.06% 1.07 1.07 LARD— Jan 11.85 11.87 March 12.05 12.02 12.05 12.05 Mav 12.30 12.21 12.27 12.30 RIBS— Jan 12.45 May 12.85 13.00 Bu Times Special CHICAGO, Jan. 14.—Carlots: Wheat, 27; corn, 254: oats. 47; rye. 2. HOOVER SEEKS ADVICE President-Elect Talks Plans at Breakfast Parley. Bp United Press WASHINGTON. Jan. 14.—Presi-dent-Elect Hoover conferred at breakfast today with' former Secretary of State Charles Evans Hughes, who took a leading part in his campaign. Hoover, it is understood, discussed with Hughes the general international situation, particularly LatinAmerican affairs, talked over prospective appointees as secretary of state and sought advice regarding prohibition from Hughes, who emphasized this issue in his campaign speeches. Hoover is expected to make some diplomatic changes in South America, and it is understood he discussed these with the former secretary of state, who has taken a prominent part in diplomatic negotiations with Central or South America. Because of the press of affairs here, it appeared probable today that Hoover will not leave here for Florida before Thursday. Other callers included former Ambassador Collier of Chile; George Otis Smith, director of the geological survey; Dr. G. L. Burgess, director of the bureau of standards, and Herman Bernstein, New York editor, who participated in the Hoover campaign.

Produce Markets

Butter (wholesale'—No. 1. 50051 c; No. 2. 470 48c. Butterfat—Lb.. 48c. Cheese ( wholesale selling price per nound'—American loaf. 33c: pimento loaf 35c: Wisconsin flat. 29c; prime cream. 27c: Daisv. 26c: Longhorn. 26c: New York limberger. 30c. Eees- Buying prices: Fresh delivered at Indianapolis, loss off. 32c. Poultry (buying prices) Hens. 25® 26c; Leghorn hens. 21c: 1926 springers, large breed. 2 lbs. and up. 26c; 1 to 1% lbs.. 23c: Leghorns. 21c: old roosters, large. 14c: small. 10® 13c: ducks. 16® 17c: guineas, young 50c: old. 35c; turkeys o, 1 young toms. 12 lbs. and up. 35@38c: No. 1 voting hens. 36c a lb.: No. 1 old toms. 22@25c: No. 2. old hens. 25@30 a lb

Local Wagon Wheat

City grain elevators are paying $1.24 for o. 2 red wheat and sl.lO for No. 2 hard. NEW YORK COFFEE RANGE High. Low. Close. January 16.25 March 15 65 15.58 15.65 i May 14.86 14.85 14.86 i July 14.34 j September .... 13.86 December 13.55 SUNDAY BIRTHDAY OF CITY’S WORST BLAZE Veteran Firemen Recall $1,400,000 Industrial Building Fire. Sunday night's sub-zero temperature recalled to veteran firemen that it was the eleventh anniversary of the worst fire in the history of Indianapolis. from a standpoint of monetary damage. On the night of Jan. 13, 1918, the Industrial building at Tenth street and the canal, housing a dozen industries and covering almost a square block, was destroyed with $1,400,000 loss. The fire started early in the evening and thousands of persons spent most of the night watching it, despite a 5 below zero temperature. Flames were so fierce that they melted ice more than a foot thick on the canal. The ruins smouldered four days. “Cookie” Jar Explodes: Losev Eye CHICAGO, Jan. 14.—A jar of what appeared to be stale cookies exploded with such force when Alex Shaerson threw them out of the kitchen of a West Madison street restaurant that Shaerson's left eye was destroyed.

THE INDIANAPOLIS TIMES

Commission Row

PRICES TO RETAILERS FRUITS Apple*—'Box Jonathan. 82 2552.50; basket Jonathan, 81.5002.25; box Delicious. 82.505t2.75’ box Grimes, $2.2502.75; basket Grimes. $1.5002.25; basket Winter Bahamas. $1.7502. Gocoanuts—26.so a bag of 100. Cranberries—ss a 25-lb. box; $lO a 50lb. box. Grapes—Emperors, lugs, $2.75; kegs, $4; Almerla. keg. $6. Grapefruit—s3.soo3.7s. Lemons—California, a crate, $7.2507.50. Limes—Jamaica, 100 by count. $2,250 2.50 Oranges—California Valencia, a crate. $5.5006; Florida. $3.75 0 4.25. Persimmons —Japanese. $1.7502; 40 to 70 count. Pears—Bose. box. $4 50: Anjau. 84.7a. Strawberries —Florida. 90c a quart. VEGETABLES Artichokes— $1.75 a dozen. Beans—Southern stringless. 85.50 a bushel. .. Cabbage—Wisconsin, a lb.. 3% 04c. Cauliflower—California. $2.25. Carrots—California; 90c a dozen bunches. Celery—California rough, a large crate. $4@@4.50. Eggplant—Dozen, $2. Kale—Virginia, $2 0 2.25 bushel; crate * 2 Lettuce—California head, a crate $5.50 home-grown leaf, a bushel. $2.1502.25. Onions—Yellow, a 100-lb. bag. [email protected]. Spanish, a crate. [email protected]; Western. $5,50 a 100-lb. bag. . . Parsley—Home-grown, dozen bunches. s °Peas—California. $7 45-lb.,box. Peppers—Florida, per crate. sl4; peck baskets, 62. Potatoes—Michigan round white, 150 lbs. $2; Ohio. $1.5001.75; Idaho. $2.50 a bag Radishes Button hothouse. dozen bunches, 90c. Spinach—Texas, a bushel. $101.35. Sweet Potatoes—lndiana Jersey. $3 a bushel; No. 2. $1.75 a bushel.

The City in Brief

TUESDAY EVENTS Motor Carriers Association of Indiana Lincoln, all day. Rotary Club luncheon. Claypool. Purchasing Agents Association luncheon. Severin. „ . , , Mercator Club luncheon, pink-Arms. Gyro Club luncheon. Spink-Arms. Universal Club luncheon, Columbia of Michigan Alumni luncheon. Lincoln. . , , American Chemical Society luncheon, Chamber of Commerce. Alliance Francaise luncheon, SpinkIndianapolis School Men’s Club dinner, Shortridge high school, 6:15 p. m. John B. Ratto, an impersonator, entertained Sunday at the Y. M. C. A. Big Meeting at the English theater. His impersonations were of prominent characters from history and fiction. A thirty-minute concert was given by an orchestra conducted by L. A. Van Staden. A. H. Godard, general secretary of the Y., presided. Sutherland Players will present “What Men Live By” tonight at 8 at Sutherland Presbyterian church. It is the second of a series of religious plays being presented by the church players. Professor H. F. Moore of the University of Ilinois will give an illustrated lecture on “Fatigue of Metals” at the monthly meeting of the Indianapolis chapter American Society of Steel Treating at the Chamber of Commerce tonight. Arthur F. Hupp was elected president of the young adult cla: sos the Downey Avenue Christian church Sunday. Maurice Cherry was elected vice-president and Mrs. Maurice Cherry, secretary. Dr. Jacob R. Marcus, associate professor of history at Hebrew Union college, Cincinnati, 0., will speak at the Kirschbaum community center this evening. His subject will be "The Romance of Jewish Scientific Scholarship.” Rabbi Philip Langh, spiritual head of the Anshe Ernes congregation in Chicago, will discuss his recent tour of the Holy Land Wednesday night before Indianapolis chapter of Hadassah at Kirschbaum Community center. His ecture will be illustrated. Mrs. Mabel Fisher has been installed as press correspondent of the Major Robert Anderson chapter of the Woman's Relief Corps, it was announced today. The Irvington Republican Club will hear Senator John Hewitt, Terre Haute, at the weekly meeting in the clubrooms, 5848 %• East Washington street, this evening. This is the first of a series of meetings with legislators as speakers. Committees for 1929 will be announced by Vincent H. Marifold, new president. Mrs. Albert E. Metzger, 3120 North Meridian street, will speak at a special meeting of the Men's Club and Women’s Club of the Fletcher Savings and Trust Company at the main office, Market and Pennsylvania streets, Tuesday, at 8 p. m. Mrs. Metzger will lecture on “The Land of the Midnight Sun” and show a motion picture film taken during a trip to northern lands last summer. John A. Reynolds, vice-president of the Union Trust Company. Detroit, Mich., will make two speeches here this week. He will speak Tuesday to the Indianapolis Fiduciary Association and Wednesday to the Indianapolis Life Underwriters’ Association. Speakers before the Indiana Bankers’ Association mid-winter meeting at the Claypool, Jan. 28 are to be E. P. Gum, Oakland City, secretary Oklahoma Bankers’ Association; E. Watkins, Detroit Union Trust Company; and Frank W. Simmonds, New York; it was announced today by Miss Forba McDaniel, state secretary of the organization. SEEK HIT-RUN DRIVER Woman Injured in Crash; Two Others Hurt in Accidents. Police today sought a hit-and -run driver who fled after his automobile collided with one driven by Mrs. Cordelia Allerdice, 1784 North Delaware street, at Pennsylvania and Twenty-first streets. Mrs. Allerdice was slightly injured. Mrs. M. B. Carlisle, 1141 West Thirty-fourth street, and Mrs. Carroll Minton. 1445 West Thirtyfourth street, were slightly injured Saturday night when cars driven by their husbands collided at Thirtyfourth street and Northwestern avenue. Plan Delegation to United States ft if United Press BUENOS Aires, Jan. 14.—1 t was understood in well-informed circles here today that Vice-President Enrique Martinez will head the Argentine delegation which will go to Washington to attend the inauguration of Herbert Hoover. ■

PORKERS TAKE 10-CENT DROP IN OITYYARDS Vealers Lose 50 Cents; Beef Steers Steady; Lambs Weak. Jan. Bulk. Top. Receipts 3. $9.25 $9.25 9.000 4. 9.00 9.00 11,000 5 9.25 9.35 5.500 T. 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 12. 9.50 9.50 6.500 Hogs were steady to 10 cents lower today at the city stockyards. The bulk of 150-300 pounds selling at $9;40®9.50. The top brought $9.50. Receipts were slightly higher numbering 8.000, and holdovers from Saturday’s market totaled 75. Beef steers were steady the bulk bringing $11.50@ 13.50. She stock strong. Vealers took aSO cents drop selling around $18.50 down. Lanbs were weak to 25 cents lower than Friday’s average the early top brought $16.25. dulls and throwouts sold for slo@l4. The bulk brought sls® 16. The Chicago hog market opened 10 to 15 cents lower. Several bids and occasional sales of choice 170-210-pound weights brought $9 to $9.10. Bidding $8.85 on choice 280pound averages. Receipts were 7,000, including 20,000 directs, and holdovers were estimated at 2,000. Hog prices today at the city stockyards are as follows: 250-350 pounds, $8.65 to 9.50; 200-250 pounds, $9.40 to $9.50; 160-200 pounds, $9.40 to $9.50; 130-160 pounds, $9 to $9.50; 90-130 pounds, $7.50 to $9, and packing sows, 7.50 to $8.50. Cattle receipts were 600; calf receipts were 200. Beef steers, $11.50 to $13.50; beef cows, $7.25 to $9.50; low cutter and cutter cows, $5.25 to $6.75; vealers, $17.50 to $18.50; heavy calves, $7 to sl2, and bulk stock and feeder steers, $8 to $10.50. Sheep receipts were 300. Top fat lambs, $16.25; bulk fat lambs, sl4 to sl6; bulk cull lambs, $lO to sl2, and bulk fat ewes, $6.50 to $9. —Hogs— Receipts. 6,500; market steady to higher. 250-350 lbs $ 3.75® 9.50 200-250 lbs 9.50 160-200 lbs 9.50 130-160 lbs 9.15® 9.50 90-130 lbs 7.500 9.00 Packing sows 7.750 8.50 -CattleReceipts, 100; market, steady. Beef steers $10,50 0,15.00 Beef cows 7.000 9.50 i Low cutters and cutter cows.. 5.25® 6.50 Bulk stock and feeder steers.. 8.00010 50 —Calves— Receipts. 200; market, steady to lower. Best veals $17.50019.00 Heavy calves 7.01®12.0u —Sheep— Receipts, 1,400; market, steady. Top fat laftibs $16.75 Bulk fat lambs 14.00016.5 C Bulk cull lambs 10.00012.00 Bulk fat ewes 5.500 8.25 Other Livestock Bu United Press CHICAGO, Jan. 14.—Hogs—Receipts, 70.000; most sales to shippers and small packets: prices 15c lower than Saturday; top. $9.20 paid for 180-200 lb. weights; butche/ medium to choice. 250-350 lbs., $8.70 0 9.05 : 200-250 lbs.. SB.BO 0 9.20; 100200 lbs.. *8.8509.20; 130-160 lbs.. $8,400 9.15: packing sows. .$7.8008.40; pigs, medium to choice, 90-130 lbs.. $7.5008.60. Cattle—Receipts. 23.000. Calves—Receipts, 3.000: steers and yearlings in excessive supply: bidding 25@50c lower: not enough done to establish a market; early sales of light vearlings, sls; cows and cutters scarce; slaughter classes, steers, good and choice 1300-1500 lbs.. $12.75016.25; 11001300 lbs., $13.250 16.25 : 950-1100 lbs., $13.25 0 17’ common and medium, 850 lbs., $9.50 013:50: fed yearlings, good and choice, 750-950 lbs.. $13.25016.50; heifers, good and choice. 850 lbs., doown. $11.75013.75; common and medium, $8.25011.75: cows, good and choice, $8.25011.25; common and medium. $6.50 0 8.25; low cutter and cutters. *5.50 0 6.50: bulls, good and choice, all beef. *9.80011.75; cutter to medium. *7.75010: vealers. milk fed. good and choice, $14,500 17.50; medium, *12.500 14.50; cull and common. $8012.50: stocker and feeder steers, good and choice, all weight, *11012.25: common and medium, $8,750 11. Sheep—Receipts, 25,000; market, steady; many bids lower; bulk sorted fat lambs. $10010.25; best held higher; sheep steady; top fat ewes. $10; no feeding lambs sold; lambs, good and choice. 92 ibs. down. *15.35016.50; medium. *13.85 @15.35; cull and common, $9.75013.85. Bp Times Special LOUISVILLE. Jan. 14.—Hogs—Receipts, 2,500; markPt 10@30c lower; heavy and medium hogs. 180 lbs. up, *8.8509.35; pigs and lights. -180 lbs. down. $7 0 8.85: stags and throwouts. *6.8507.45, Cattle—Receipts, 1,500; bulls 25c higher, fat heifers 25c lower, others steady: prime heavy steers. $12013.25; heavy shipping steers. *IOO 12: medium and plain steers. $8,500 10; fat heifers, $7.50®f1.25: good to choice cows. *BO 9.50: medium to good cows. S6O 8: cutters, $5.50@6; canners, $4.5005.25; bulls. *6.5009.75: feeders. $80)11.50; Stockers, $6,50 0.11 Calves—Receipts, 600market steady: good to choice. $13,500 15.50: medium to good, $11013: outs. s6@ 11. Sheep—Receipts, 50; market steady; lambs. $12.50 0 13; seconds, $8.50 0 10; sheep. S4O 6. Saturday's shipments: Cattle. none; calves. 382; hogs, none; sheep, none. Bp United Press EABT BUFFALO. Jan. 14.—Hogs—Receipts. 12,000; holdovers, 800; market, 50; 10c down; 250-350 lbs.. $9.250 9.65 ; 200250 lbs., $9.5009.65; 160-200 lbs. *9.500) 9.85; 130-160 lbs.. $9.15 0 9.65 ; 90-130 lbs., $8.750 9.40: packing sows. $7.7508.25. Cattle—Receipts. 1,600. Calves—Receipts. 1.200; market., steady: market weak to 50c down; beef steers. 811.50014.25: light yearling steers and heifers. $12.50015; beef cows, $8,250,10; low’ cutter and cutter .cows. $507; vealers, $18.50019.50. Sheep —Receipts. 6.200; market. 250 50c up; bulk fat lambs, $16.50017; bulk cull lambs, sll 0 13.50; bulk fat ewes. sß@9. Bu United Press CINCINNATI. Jan. 14.—Hogs—Receipts. 6 400; holdovers. 500; market, steady to 25c down; 250-350 lbs.. $8.350 9.40; 200250 lbs., $9 0 9.40: 100-200 lbs.. [email protected]; 130-160 lbs.. $8.65®9.40: 90-130 lbs.. *6.750 8.75; packing sows, $6.75 0; 7.75. CattleReceipts. 1.000. Calves—Receipts. 275; market steady: beef steers. *9012.50; light yearling steers and heifers, $9.50013.50; beef cows. *7.5009; low cutter and cutter cows $5.50® 7: vealers. $14018; heavy calves. $9014: bulk stockers and feeder steers. s9®lo. Sheep—Receipts. 50; market lambs weak, sheep higher; top fat lambs. $16.50; bulk fat lambs. *14.500 16.50; bulk cull lambs, $10013; bulk fat ewes, S6OB. JUROR'S ILLNESS HALTS CRIME RING INQUIRY I Member of Panel at Angola Seriously ill With Indigestion. ! Bp Times Special ANGOLA, Ind., Jan. 14.—Illness | of John Elliott, grand juror, today , halted investigation of Steuben l county's crime ring. He is suffer- | ing from acute indigestion at a loj cal hospital. His condition is said ! to be serious. George McHie, assistant chief of state police, was here today in i connection with the probe, despite requests that he be removed from the cases. After spending the week-end in Indianapolis, McHie returned this morning and said he had not talked with his superior, Secretary of State Otto G. Fifield. The secretary announced Saturday that he would mvestigate complaints against McHie and if they were made on sufficient grounds, indicated he would recall him..

Eagle Wings to Five

troop 48; Howard Young, troop 18 'll. Lower—Homer Glass, troop 38; Jo- ™ * Eagle Scout badges, highest Boy Scout honor, will be presented to these boys this afternoon at the ■■ j/C >' y Boy Scout court of honor in the - / statehousc rotunda by Dr. James

RECAPITALIZATION BY FORD REPORTED

Canada Company Regards Shares of Stock Dividend Just a Rumor. Bp United Press NEW YORK, Jan. 14.—Directors of the Ford Motor Company of Canada, Ltd., are expected to recommend a recapitalization plan to stockholders, whereby 100 shares of new $5 par value stock will be given, as a stock dividend, in exchange for each of the present SIOO par value shares outstanding, according to a copyrighted article by the financial publication “Wall Street Tomorrow.” When informed of Wair Street rumors regarding the stock dividend. officials of Ford of Canada, today stated the report was “just another rumor.” Ford Motor of Canada is capitalized at $10,000,000 of SIOO par value stock, of which $7,000,000 is outstanding. The proposed plan of recapitalization would increase the outstanding shares from 70.000 shares to 7,000,000 shares. The last dividend on the old stock was paid May 28. 1927, when 15 per cent was distributed. Stock dividends of 500 per cent were paid in 1911; 33 1-3 per cent in 1912 and one of 600 per cent in 1916. Ford of Canada shares have been very active on the curb market recently. The price has advanced from 585 on Dec. 24, to a high of 818 last week, a gain of 237 points. In connection with the advance, it was reported that Henry Ford had made overtures to some of the substantial holders of the Canada stock. Some of the recent open market buying has come from the Ford interests, it is reported. CABINET TO CONSIDER CITY CIVIL SERVICE Councilmen Will Meet Friday to Discuss Re-Establishing Plan. Re-establishment of municipal civil service which was demanded several months ago by city council probably will come up for discussion at the city cabinet meeting Friday. Purchasing Agent Joel A. Baker, secretary, announced a meeting of the cabinet had been called Friday. The plan for a merit system of promotion and appointment advocated by Councilman John F. White was presented to the cabinet months ago. Administration leaders evaded the proposal because it will rob the various boards and department heads of the power to name and promote city employes. Negro Woman Sentenced Municipal Judge Paul C. Wetter did not believe the story of Miss Bertha Thomas, Negro. 1121 East Nineteenth street, that police “planted” the liquor they testified they saw her snatch from her dress and throw under a bed Jan. 12. The court today sentecned her to forty days in Indiana woman’s prison and fined her SIOO.

STATE FAR BEHIND IN SCHOOL INCOMES

Publicity Head of Indiana Says Budgets Lower Than Many. “The state of Indiana stands fourth among the seven north central states in wealth and population, but ranks far at the bottom in income for its universities,” said Frank R. Elliott, director of publicity of Indiana university, in a report at ! luncheon tooy to the Indiana Uni- ! versity Club of Indianapolis, j The speaker’s data indicated that j Indiana and Purdue universities toj gether receive from the state much j less income for libraries, equipment, i research, salaries than is provided I for state universities by the other | six states of the north central group. He presented departmental data | to prove that the university’s budget I tow before the legislature represents ; only the actual needs to bring the j university's support up to the average. “Indiana is a more populous state than lowa. Wisconsin or Minnesota,” said the speaker. “This means that the state of Indiana has demands for education comparable to demands in the other north central

In the Air

Weather conditions at 9:30 a. m. at Indianapolis airport; Southwest wind, ten miles an hour; barometric pressure, 30.34 at sea level; temperature, 8; ceiling, 2,000 feet; visibility, two miles. New Robin Plane Bought Lieutenant Fred Mailbucher, of Curtiss Flying Service, was to arrive at Indianapolis airport today with anew Curtiss Robin monoplane from the factory at St. Louis. This will make the seventh Robin obtained by Curtiss since its formation here a few months ago. Stunt Flying Assailed Stunt, flying was condemned by Howard Maxwell, army air reserve, in a talk before the Rainbow Division Veteran's Association Friday night at the Spink-Arms. Maxwell spoke in place of Capt. H. Weir Cook, who was unabie to attend. He discussed development of aviation during 1928 and told of hazards of flying in snowy weather. Delivers Air Lecture Lieutenant Carl Cunningham of the air force reserve, Schoen field, delivered the first of a scries of lectures on aircraft instruments before a class of reserve pilots and student aviators conducted by the Eighty-fourth division of the reserve at the Chamber of Commerce Friday evening. Cunningham will lecture also on aerial navigation and meteorology before the classes on alternate Friday evenings. Model Planes Flown Anew club record of forty seconds in flight for “raise off the ground” models was established by Henry Coffey in a model plane flying contest held by the South Side Model Airplane Club members at Garfield park Sunday. William Emmick won second prize in the senior R. O. G. contest. Other winners were: Seniors commercial models, Henry Coffey, first, and Marvin Lester, second; junior R. O. G„ Robert Brittenback, first, and Sybert Jackson, second. A membership campaign is being conducted. Any south side boy is eligible to membership. Flies to See 111 Mother Bu United Press EDEN. Tex., Jan. 14.—Captain Ira Eaker, chief pilot of the army endurance plant Question Mark, arrived in Eden during the; night after a race by plane and automobile to the bedside of his mother, Mrs. Y. Y. Eaker. who is critically ill here. Good news greeted Eaker’s arrival, when he was informed that his mother had improved slightly. Mrs. Eaker’s husband also has been ill with influenza and he, too, was reported to be recovering. Captain Eaker took off from San Diego, Cal., Sunday morning, and landed at Midland, Tex., last night. The trip from Midland to Eden was made by automobile.

states. Indiana university was able to accommodate only 110 out of 722 students applying for a medical education last September. There were neither rooms nor teachers for more. We ate turning away hundreds of prospective students annually in other departments. These students are going to other states for their education, as *the records clearly show. They are taking out of the Hoosier state more Hoosier dollars than would be required in additional state support to finance the Hoosier state schools adequately. “Indiana University is unable to compete with neighboring state universities for the services of teachers and research workers. In the past two years fifty-three staff members have been lost, largely on account of increased salaries and better facilities in competing institutions. “If the university’s budget is increased during the present session of the legislature to the requested total of $2,630,172, and if the budge* of Purdue university is increased in like measure, the state of Indiana will contribute for its two universities less than the average of $5,512,340 which is now being contributed by the other six states of the north central group, namely. Wisconsin. Minnesota. Ohio, lowa. Illinois and Michigan.”

JAN. 14, 1929

LESLIE SWORN AS GOVERNOR; PLEATO FOES ‘Let Bygones Be Bygones/ Chief Executive Says in Address. (Continued From Page 1) emor turned upon judges "who, in response to the appeal of unscrupulous lawyers, employ their time, talents and energies in finding excuses rather than reasons for their failures to intelligently deal with criminals known to be guilty of crime.” "This tendency,” he said, "has reached the point, in my opinion, alarming in its consequences, as it has to some degree created a disrespect, a loss of confidence, a spirit of disregard, and almost contempt for our courts, who should occupy the very pinnacle of our admiration. confidence and esteem.” Greater care in selection of the judiciary is the remedy, Leslie said. Welcomes Helpful Criticism He recalled that Indiana is one of four states free from debt, one of five employing a "pay-as-you-go” policy, one of three having the lowest per capita cost of state government and in the forefront in development nf natural resources. The state highway system of 4,900 miles, 2,218 miles of which are paved, was cited as a matter of state pride, as was the budget system of control of public expenditures. The state’s educational facilities and contributions to statesmanship, letters and literature were cited as adding to Indiana’s "conspicuous position” among the states. Declaring he was subjected, in the recent campaign, to “many malicious, unwarranted and false attacks, which were supported by some of the representatives of the public press,” Leslie said, "as a private citizen, I resented this injustice, but as your Governor I shall neither display the spirit of vindictiveness nor harbor malice toward anyone.” Constructive criticism, he welcomed in a co-operative attempt to “raise to the highest possible level the standard of governmental efficiency in every department of the state.” Co-operation of AII Asked A rule of conduct for state employes was heard in the Governor's declaration: "So far as is possible for me to control, there shall be proper regard and due respect shown for our constitution by those who seek and secure public preferment under my jurisdiction. I here and now pledge you that any department guilty of violating the provisions of this promise will be summarily dealt with so far as within my authority is possible, and will be publicly exposed.” He concluded his address by saying: “I here and now solicit your help and co-operation and the assistance of all the agencies for good throughout the state, and it is my greatest ambition and earnest hope that through your helpfulness and the help of Almighty God we may be able to re-establish and properly perpetuate the name and standing of Indiana throughout the nation, and thereby accomplish our greatest hope, ambition and purpose.” Leslie’s message to the legislature will be heard at a joint session of the senate and house Tuesday. Reception Is Held After the speech all those seated on the platform retired to the beautifully decorated Governor’s offic~ and, joining with candidates elected last fall on the state ticket, and their wives, formed a receiving line. The reception continued for hours, thousands passing through the huge doors to greet the new officials and express good wishes. Retiring Governor and Mrs. Jackson were in the line and those hailing the new chief executive also said farewell.

Gone, but Not Forgotten

Aautomobiles reported to police as stolen belong to: Verlas Paul, rural route 6, box 451, Southport, Ind., Ford touring, 32-87). (1929); from Meridian and Court streets. Isaac Coyle, 376 Prospect street, Pontiac coach, from garage in rear of 520 North Meridian street. Motorcycle policeman Patrick McMahon, 4305 College avenue, Oakland coupe, 34-700 (1928); from Maryland and Delaware streets. Essex coach, 163-426 (1928) from garage at Edinburg, Ind., and also stole three extra tires. SCARED BY GRAPEFRUIT Woman Fears Burglars About; Police Find Appetizers on Rampage. Watch your grapefniit to avoid worry and stay young, was the police tip to housewives today. Mrs. Frank P. Lee, 749 North Wallace street, called police to her home Saturday night to investigate a heavy "thumping” on her cellar stairs, which she believed indicated a burglar was about. Police found two large grapefruit had rolled off a basket and bounced "thumpety-thump” downstairs. FROZEN DOING ITS DUTY Army Pigeon’s Flight Halted by Cold; Found on Doorstep. Police today turned over to army authorities at Ft. Benjamin Harrison an army carrier pigeon which, half frozen, dropped in the street In front of the home of Miss Audra Mansfield, 2007 North Talbott street. Sunday night. The pigeon was from Columbus, 0.. army officers said. $200,000 Blaze in East ROCKLAND, Mass.. Jan. 14. Fire fanned by a strong wind swept this town’s business section todsty, destroying two business blocks. ■ damaging a third, and threatening a general conflagration. Loss was placed at $200,000.