Indianapolis Times, Volume 40, Number 211, Indianapolis, Marion County, 22 January 1929 — Page 12

PAGE 12

CAUTIOUSNESS MARKS FIRST STOCKSALES Ralls and Coppers Continue to Hold Attention of Traders.

Average Stock Prices

Average of twenty Industrials Monday was. 304.84. off .1.331. Average of twenty rails was 154.41, unchanged. Average -1 forty bonds was 96.05, unchanged. BY ELMER C. WALZER United Press Financial Editor NEW YORK, Jan. 22.—Stocks moved in a narrow range in early dealings toaay, bulls taking a cautious attitude toward the market. Yesterday’s reactionary tendencies in many sections of the list dampened speculative enthusism and and gains in todays dealings were met by large offerings of stocks. Nevertheless strong support was afforded pivotal shares like Steel, Packard, Standard Oil of New York and American Can, all these stocks making small gains. Wright Aero, Westinghouse and Hudson were reactionary. Rails and Coppers Up Rails and coppers continued centers of attraction with New Haven, B. & O. and Penna featuring the former group. Kennecott featured the coppers, rising only 2 points to 158 while Anaconda rose Wz points to 127. New York Central was also strong advancing more than 2 points to 146^. Chile was another strong spot in the copper group, opening fractionally higher at 90 on a sale of 10,000 shares. Studebaker opened on a transaction of light size at 93%, up %. Congress Cigar responded to its record 1928 earnings report, running up to new high ground on the movement at 81%.

Banks and Exchange

City bank clearings figures, as given In The Times daily, are cheeked carefully and always are correct, barring possibility of typographical errors. Indianapolis bank clearings for Tuesday Jan. 22, were $4,683,000; debits. $8,160,000. NEW YORK STATEMENT Hu United Press NEW YORK, Jan. 22.—Bank clearings, *1151.000,000; clearing house balance, £3:1, 000,000: federal reserve credit balance, 1*135.000,000. TREASURY STATEMENT Bit United Press WASHINGTON. Jan. 22.—The treasure net balance for Jan. 19. was $144,107,212.90. Customs receipts this month to the 19th. were $27,959,576.69.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Jan. 22.—The current week promises to be an interesting one from the standpoint not only of corporate reports, but also the prospect of the announcement of another large copper merger. The reports should furnish an opportunity for the proper comparison of market values and earnings. Many will no doubt disclose that the ratio between selling price and earnings usually figured as conservative, has been revised upward. We are inclined to believe that despite the apparent easing of money rates and admitting the rapid pace in industry, the market position is such as to justify more than ever the policy of keeping long lines within the safety zone.

Commission Row

TRICES TO RETAILERS FRUITS Apples—Box Jonathan. [email protected]: basket Jonathan, 51.50(32.25: box Delicious. $2.5002.75' box Grimes, [email protected]; basket Grimes. $1,506:2 25: basket Winter Bahamas, 51.75<@2. Cocoanuts —$6.50 a bag of 100. Cranberries—ss a 25-lb. box; $lO a 50Grapes—Emperors, lugs. $2.75; kegs, $4; Almerla. keg. $6. Grapefrui£-53.50®3.75. Lemons—California, a crate, $7.2507.50. Limes—Jamaica. 100 by count. $2.25fe Orange—California naval, a crate. $6 $6.50: Florida. $3.7504.25. . Persimmons—Japanese. $1.7502; 40 to Pears—Bose, box. $4 50: Anjau. $4.75. Strawberries —Florida. 90c a auart. VEGETABLES Artichokes—sl.7s a dozen. Beans—Southern stringless, $5.50 a —Wisconsin, a lb.. 31504 c. Cauliflower—California. $2 25. Carrots—California; 90c a dozen bunches. Celery--California rough, a largo crate. $6.5007. *250 2.50 bushel; crate 50. *Letuce—California head, a crate. s4.2s<g> t. 50; home-grown leaf, a bushel. *2.15® 25 " Onions—Yellow, a 100-lb. bat:. *505.5* Soanish. a crate. 52.5052.75; Western, $5.50 a 100-lb. ba*. . . c Parsley—Home-grown, dozen buncoes. 50c. Peas—California. $7 45-lb. box. Peppers—Florida, per crate. sl4: peck baskets. *2. . ... ... . Potatoes—Michigan round white. 150 lbs. $2.1092.25: Ohio. $1.5001.75; Idaho. $2.50 3 Radishes Button hotheuse. dozen bunches. 90c. Spinach—Texas, a bushel. $101.35. Sweet Potatoes—lndiana Jersey. $3 a bushel: No. 2. $1.75 a bushel. NEW TORK COFFEE RANGE High. Low. Close. 1 Anu ary 1730 17.30 17.30 March ..... 16.30 16.30 16.30 'lav .............. 15.63 15.60 15.60 Vuii- h. 84 14.75 us* DecwnbW 13 86 13 82 13.82 PROGRESS IN EAGLES’ PENSION BILL REPORTED City Aerie Meets: Hears Talk by Chairman. Satis factory progress toward enactment of an old age pension bill for Indiana was reported by Otto P. Deluse in an address at a meeting of Indianapolis Aerie, No. 211, Fraternal Order of Eagles. Monday night. He is chairman of the order’s state old age pension commission and in active charge of the measure before the legislature. Deluse says that he is receiving letters daily from aged persons in need living in various parts of the state, expressing the hope that the Eagles will succeed in their efforts to pass the pension bill. Police Hunt 3 "Blackjackers” Detectives today are seeking three men who attempted to force an entrance into tne home of Mrs. Joseph Farb, 121 West Vermont street, after one of the men had seriously injured Mrs Farb’s wrist with a blackjack, Sunday night. The episode was not reported to police until late Monday.

New York Stocks ■ (By Thomson & McKinnoni

-—Jan. 22 Railroads— Prev High. Low. Close, close. Atchison 200% 200 % 2003a 200% All Coast Line }73% Balt A: 0hi0....12)% 121% 121 % 122% Canadian Pac ..243% 242% 242 a 243 a Chesa & Ohio. . .217% 217 217 218% Chesa Corp .... 85% 84% 85 85% C*ht & N West 88 88% Cht Grt West... 22% 21% 21 % 21% CRISP 138% 137 137 139 Del & Lacka 127% 128 Erie 71% 70% 71 % 69 Erie Ist pfd ••• 62% 62% Ort Nor 109% 109% 109% 109% 111 Central 142% 142 142% ... Kan Citv South 94 93% 93% 93% M K & T 51% 51% 51% 51 Mo Pac pfd 128 126% N Y Central ...196% 195 195 197 N Y C Ac St L 136% 135% NYN H & H.. 88% 88% 88% 86% Nor Pacific ... 109% 109 109 109% Norfolk & West 197% O it W 28% Pennsylvania ... 80! 80% 80% 80% P S W Va 142 Reading 107 107' Southern Ry 155 155% Southern Pac ..133 132% 133 132% St Paul 37% 36’, 37 35V, St Paul pfd 60% 59% 60 58% St L & S W 107 St L & S F 117 118% Texas & Pac 167 Union Pacific. ..219% 219 219 2197. West Maryland. 43% 42% 43% 43 Wabash 73% 73 Rubbers— Ajax ••• 10% 10 Fisk 18% 18% 18% 18% Goodrich -.' 100% 99% 100% 99 Goodyear 128 126% 127% 128' Kelly-Spgfid ... 22% 22 22 22% Lee .. •. • 22% 23 United States... 51% 50% 51 51 Equipments— Am Car & Fdy 100 100 Am Locomotive. 1107* 109% 110 109 Am Steel Fd.. 70% 69% 697, 70' General Elec ...237 235 235 236% Gen Ry Signal 97% Lima Loco .. 46 45% N Y Air Brake 45 Pressed Stl Car 22% 22% 22% 22% Pullman 86% 86% 86% 86% Westlngh Air B. 46% 46 46 46% Westingh Elec ..139% 138% 13974 139 Steels— Bethlehem 86% 8574 8574 87,, Colorado Fuel .. 70% 70 70% 69% Crucible ........ 9 1 90 74 9i 90% Otis 41% 41 41 41% Inland Steel ... 87% 87 87 88% Ret) Iron & 5t1.... ... 84 85 U S Steel 188% 18374 188% 186% Alloy 47 46% 47 47% Warren Fdy ...., 27% Vanadium Corp..llo 109% 109% 10874 Motors— Am Bosch Mag. 45% 44% 45% 45 Briggs 56 1 , 55 V, 55% 56% Chrysler Corp ...12074 118 119% 118 Eaton Axle 70% 70 70 71% Graham Paige.. 48 47% 47% 4674 Gen Mot (New) 81 80 80% 78% General Motors. .201 % 199 74 201 195 % Hudson 85% 84% 84% 85 Hupp 7874 77% 77V, 77% Jordan 1474 14% 14% 13% Mack Motors ..108% 10674 108 TANARUS% 1%% Marmon ..... 73% Reo 28% 28% 28% 28% Motor Wheel 44 44% Nash 107 104 106% 103 Packard 14374 142 74 143 141% Pierce Arrow ... 34% 34 34 ... Studebaker Cor.. 9274 93% 94 88% Stew Warner ..131% 13874 13874 138% Murray B ...... 75% 7574 75% 75% Timken Bear ... 79% 79% 79% 79% Willys-Overland. 31% 3174 31% 3174 Yellow Trk 38% 3874 38% 39 , White Motor ... 46% 45% 46% 46% Mining— _ „ Am Smlt & Rfg. 98 9574 98 96% Anaconda Cop ..128% 126% 127 125% Andes 52 74 5174 52 50 Cerro de Pasco .10474 10474 10474 10574 Chile Copper... 9274 8974 9274 87% Greene Can C0p.176 174 176.. 176 Inspiration Cop. 46% 45% 46% 46% Int Nickel ...... 6774 6474 677% 63 / Kennecott Cop ..15974 158 159 157 Magma Cop .... 6974 68% 69% 687s Nev Cons 46% 44 1 2 46% 44 Texas Gulf Sul. 77% 77 7774 7774 U S Smelt 69 68 % 69 6974

Atlantic Rfg ... 62% 61% 62% 62 Barnsdale A 44% 44% 44% 44% Freeport-Texas.. 54% 54 54% 52% Houston Oil .... • • ... 93% ... Indp Oil & Gas. 34% 33% 33% 31% Marland Oil .... 42% 42% 42% 43 Mid-Cont Petrol 34% 34% Pan-Am** Pet^EL ' is "47% '% 48% Phillips Petrol . 41% 41% 41% 4i% Prairie Oil 64% 63% 63% 64% Union of Cal , 50% 51 Pure Oil 28 25% 26 26% Royal Dutch .... .. ... 52% 52% Shill 28% 28% 28% 28% Simms Petrol ... 22% 22 22 22% Sinclair Oil .... 41% 41% 41% 42 Skelly Oil 40 37 39 39% Std Oil Cal 70 69% 70 70% Std Oil N J .... 52% 52 52 52% Std Oil N Y .... 44% 44% 44% 44% Texas Corp .... 63% 63% 63% 64 Transcontl 11% 11 11% 11% White Eagle 34 Industrials— Adv Rumely .... .. ... ... 50% Allied Chemical. .. ... ... 274 Armour A 17% 17% 17% 18 Amer Can 114% 113% 114% 113% Alask J 9 9% Am H L pfd , 34% Am Safety Raz.. 72% 72% 72% 72% Am Ice 40% 40% 40% 41% Am Wool , 24% 25 Curtiss 159 158% 158% 158 Conti Can 62% 62% 62% 61% Certalnteed .... 26% 26% 26% ... Congoleum 32% 31% 32% 60% Davison Chem .. 64% 64% 64% 65 Dupont 161% 155% 151 % 530 Famous Players. 59% 58% 59'% 58% Fox A 98% 98 98 97% Gold Dust 80 79% 79% 80 >4 Glidden 42 41% 41% .42 Int Paper ... 69 ... Int Harvester 97 99 Lambert ... 128 .• • . Loews 78% 76% 76% 75% May Stores 102 102 Montgom Ward. 146% 144% 146% 141% Natl C R 113% 111% 112% 113 Pittsburgh Coal. .. ... 75 74% Owens Bottle ... 87 86% 87 85% Radio Keith .... 41 40% 40% 41% Real Silk 75% 74% 76 71% Rem Rand 31 31 Sears Roebuck .173% 171% 171% 169% Union Carbide.. 202% 201 % 202% 204 Victor 147% 147% 147% 147% Univ Pipe 19% ... USCs Ir Pipe. 43% 43 43% ... U S Indus Alco 136% 136% Warner Bros ...134 132 132 126% Wright. Aero ...272 268 272 Utilities— Am Tel & Te1...200% 200 200 199% Am Express ... 292% 289 292% ... Am Wat Wks ... 75% 75 75 74Va Brklvn-Manh T. 76 75 75% ... Col G & E 148 147% 147% 146% Consol Gas 109% 108% 108% 108% Elec Pow & Lt. 48 47% 47% 47% Interboro 54% 53% 54% ... Nor Am Cos 96 94% 94% 95% Natl Power .... 44% 44% 44% ... S Cal Edison ... 56% ... Pub Serv N J... 87% 86% 87% 95% Std Gas & E 1... 85% 85 85 85 Utilities Power,. 41% 41% 41% 41 West Union Tel 193 Shinning— Am Inti Corn. . 148% 147% 147% 148 Atl Gulf & W 1 39% ... Int! Mer M pfd. 39% 38% 33% 39 United Fruit 142 Foods— Am Sug Rfg ... 89% 87 87 90 Kroger 114 113% 114 Beechnut Pkg 5% ... California Pkg 75% 76 Corn Products.. 87 87% 87% 87% Cudahy 65% 65 65% 68 Cuban Am Sug 17 Flelscbmann Cos 80% 79% 79% 79% Jewel Tea 153% 154 Kraft Cheese 37% 37% 37% ... Natl Biscuit ...196 193 195 192 Natl Dairy 130% 129% 13P% ... Postum Cos 76% 75% 75% 75% Ward Baking B. 19% 18% 18% 19% Tobaccos— Am Sumatra .. . .. 56% Am Tob B 180% 180 180% 180 Con Cigars 949s ... General Cigar 67% 68% Llg A- Myers ... 95% 94% 95% 94% Torlllard 25% 25% 25% 25% R J Reynolds 151% Tob Products B 99 98 99 90% United Cigar St 25 Schulte Ret Strs. 37% 37% 37% 37% Births Bots George and Henrietta Carter, 110 East j St. Clair. Morris and Esther Levy. Methodist hospital. Walter and Erna Jones, 5225 Burgess. Girls Samuel and Theresa Rabin. Methodist. hospital. Luke and Gladys Harmon. 4720 East Sixteenth. George and Louis- Brunnlng. 956 South East. - Paul and Carrie Gutzmillcr. 1523 Wright Nicholas and Grace Marshal!, 2055 North j Delaware. Deaths Louise Catherine Lysaght. 2. 3921 Central. acute cardiac dilatation. Martha Lrnch, 69. 2935 North Baltimore, arteriosclerosis. ! Nora Madden. 85'. 404 East Orange. ! carcinoma. Margaret A. Redmond. 86. 733 Eastern, arteriosclerosis. Hillary Price, 83. Methodist hospital, uremia. Louisea Stottlebower. 75. 14 North Hamilton. influenza. Dorothy Anderson. 16. city hospital. Influenza. Mary Margaret Young, i mo., 41 1 Leeds, lobar pneumonia. Mary Dolly Ward. 81. 717 East Fifteenth. accidental. Harry Bryant. 73. 1616 West Vermont, chronic myocarditis. William Martin. 47. city hospital, cerebral hemorrhage Walter Burris. 19. St. Vincent s hospital, tumor of cerebellum Belie Woods. 62. 710 Soring, pulmonary tuberculosis. . Sarah Catherine Shepherd, 84. 802 Ma-ion. cerebral hemorrage. F-ank L Emrick. 70. 3012 Ruckle, pneumonia.

PORKERS SHOW STRONG TREND ATCimARDS Cattle Dull, With Weaker Bidding Noted; Veals Sell Higher. fr- S9 B & k - *l°3 PO- - 9.40 9.40 8.500 17. 9.60-3 9.65 9.65 5.000 18 9.50 9.50 11.000 19. 9.45 9.65 5.000 2J. 9 35 9.35 8.000 22 9.50 9.60 9.000 Hogs were largely 15 cents higher today at the city stockyards. The bulk of 150-300 pounds brought $9.50; better grade loads of higs brought $9.60. Receipts were estimated at 9 000 and holdovers from Monday’s market numbered 246. Steers were not much under way in opening. Liberal choice in all grades, bidding around 25 cents lower. She stock was weak to 25 cents lower. Vealers were up 50 cents or more selling mostly sl7 down. Top brought $lB. Lambs were 25 cents higher. Top sl7. Bulk better grade lambs brought sl6 to . $16.75. Bulk fat light ewes sold at $lO. Chicago hogs were 10 to 15 cents higher than Monday’s best prices. Several bids and few sales of choice 200-pound averages at $9.10 to $9.20. Strictly choice 200 pounders sold for $9.25. Receipts were including 9,000 directs, and holdovers were 7 £OO. Cattle receipts were 7,500; sheep, 13,000. Hog prices at the city yards today were: 250 to 350 pounds, $8.75 to $9.50; 200 to 250 pounds, $9.50 to $9.60; 160 to 200 pounds. $9.15 to $9.50; 90 to 130 pounds, $7 to $8.90; packing sows, $7.75 to $8.50. Cattle receipts, 1,500; calves, 500. Beef steers, $10.50 to sl3; beef cows, $7.50 to $9.50; low cutter and cutter cows, $5.25 to $6.75; vealers, sl7 to $18; heavy calves, $7 to sl2; bulk stock and feeder steers, $8 to $10.50. Sheep receipts, 600. Top fat lambs, sl7; bulk fat lambs, $15.50 to $16.75; bulk cull lambs, $10.50 to sl3; bulk fat ewes, $7.50 to $lO. —Hogs— Receipts, 9,000; market, higher. 230-350 lbs $ 8.75® 9.50 200-250 lbs 9.50® 160-200 lbs H 9 5! 2-59 130-160 lbs 9.15® 9.50 80-130 lbs 7.00® 8.90 Packing sows 7.75@ 8.50 —Cattle— Receipts, 1,500; market lower. Beef steers riO-§J}@l3-9® cows 7.50® 9.d0 Low cutters and cutter cows. 5.25® 6.75 Bulk stock and feeder steers.. [email protected] —Calves— Receipts, 600; market, lower. Best veals Heavy calves 7.00®12.00 —Sheep— Receipts, 600; market, higher. Bulk fat lambs [email protected] Bulk cull lambs [email protected] Bulk fat ewes 7.50® 10.00

Other Livestock Bu United. Press CHICAGO, Jan. 22.—Hogs—Receipts, 44,000; market, opening 10@15c higher; better grades 15 0 25c higher; largely $9.1509.25; market on weights between 150 and 300 lb.; top. $9.30 paid for choice 180 to 250 lb. weights: butcher, medium to choice, 250-350 lbs., $90.9.30; 200-250 lbs.. $9 0 9.30; 160-200 Its.. $9.4 9.30; 130-160 lbs.. $8.35 09.25: packing sows. $8.2508.75; pigs medium to choice. 90-130 lbs.. $7®8.60. Cattle —Receipts. 7,500. Calves—Receipts, 2.000; market slow steady to weak on all killing classes; she stock In liberal supply; steers scarce; best weight steers early $14.50; choice shipper veals. [email protected]; light kinds, $14.50 0 15.50; few. sl6; slaughter classes, steers good and choice, 1,300-1.500 lbs.. $12.75015.25; 1,100-130 lbs., $12.75® 15.75; 950-1,100 lbs., $12,75 0-16: common and medium 850 lbs., $9.50® 12.75; fed yearlings good and choice, 750-950 lbs.. $12.75016.25; feeders good and choice 850 lbs., down. $11.25013.25; common and medium, $8.50011.25; cows, good and choice. $8@11; common and medium, $6.75 @8; low cutter and cutter, $5.7506.75; bulls good and choice beef. $9.50011.50: cutter to medium. $7.75 0 9.75; vealers, milk fed good and chofpe, $14.50017.50; medium $13014.50; cull and common. $8013; stockers and feeder steers good and choice all weights. $10.75012: common and medium. $8.50® 10.75. Sheep—Receipts. 13,000; market opened steady: bulk fat lambs. $16.50017; early top. $17.25;- sheep and feeding lambs, steady; choice feeding lambs, $15.50,017.50; lambs, good to choice. 92 lbs. down, $16.25017.35; medium. $14.50 @16.25: cull and common. $10.50014.50: ewes, medium to choice. 150 lbs. down, $8 0,10.65; cull and common, $3.750 8.50: feeder lambs good to choice, $14.40® 15.85. Bu United Press CLEVELAND. Jan. 22.—Hogs—Receipts, I. on sales. 2.200; market, steady to 25c up: 250=350 lbs.. $9.3509.65; 200-250 lbs., [email protected]: 160-200 lbs.. $9.500 9.65; 130-160 lbs.. $8.5009.65 : 90-130 lbs.;' $8.35® 8.50; packing sows, $7.5008. Cattle—Receipts, 225; calves, 375; market, all classes steady; quality considered: low cutter and cutter cows, $5 06.75; vealers. $13.50018.50. Sheep—Receipts. 950: market, steady considering ouafity; bulk fat lambs. $16.50® 16.75; bulk cull lambs. $13.50014.50; bulk fat ewes, sß®9. Bu Times Special' LOUISVILLE. Ky.. Jan. 22.—Hogs—Receipts, WO: market ,10c higher; heavy and medium hogs. 180 lbs. up. $8.900 9.40; pigs and lights. 90 to 180 lbs.. [email protected]; light pigs, 90 lbs. down, $6; stags and throwouts. $6.200 7.30. Cattle—Receipts. 200; market, steady: prime heavy steers. sl2® ' 13.50: heavy shipping steers. $10012: medium and plain steers. $8.50010: fat heifers. $7.50011.50: good to choice cows. [email protected]; medium to good cows. $6.50® 8.25: cutters. 55.50®6: canners. *4.50® 5: bulls? $6.50® 9.50; feeder, $8011.50; stockers. $6.50011.25. Calves—Receipts. 200; market, steady: good to choice. $13.50® 15.50; medium to good. sll @l3: outs. s6® 11. Sheep—Receipts. 50; market, steady; lambs. $12.50® 13;'seconds, $fL. r .0Y10: sheep. s4® 6. Monday's shipments? Cattle, 516; calves. 402! hogs, -169; sheep, none. Bu United Press TOLEDO.' Jan. 22.—Hogs—Receipts, 1.100: market. 10020 c up: heavies. $8.65® 9.15: mediums. $9.20® 9.40: Yorkers, s9® 9.40: good pigs. *8.26 0 8.50. Cattle—Receipts. 100: market, steady. Calves— Light: market, strong. Sheep and lambs— Light: market, steady. Bn United Pr< ss EAST BUFFALO. Jan. 22.—Hogs—Receipts. 800: holdovers. 1.600; market, siiong 25e up: 250-350 lbs.. $9'®9.60: 20025J lbs.. $9.400 9.85: 160-200 lbs.. $9.50® 9.35: 130-160 lbs.. s9® 9.25; 90-130 lbs.. $8.50 @9.25; packing sows, $7.85® 8.25. Cattle —Receipts. 50: market, nominal: beef steers. $11013.50; beef cows. $8.25® 10; vealers, $18.50019. Calves—Receipts. 150: market, steady; light yearling steers and heifers. sl2® 14 25; low cutter and cutter cows. $4.75®6.75. Sheep—Receipts. 500: holdovers. 1.000: market, strong: bulk fat lambs, $15.75017: buik cull lambs, $10.50® 13.50: bulk fat ewes. $8.5009.50. Bu United Press PITTSBURGH. Jan. 22.—Hogs—Receipts 1.000: market. 100 25c up: 250-350 lbs, *9.500 9.85: 200-250 lbs., $9.75® 9.90; 160200 ll„.. $9.65®9.90: 130-160 lbs . $9 4 9.85; 90-130 lbs.. *B® 9.25: packing sows. $7.75' 8.25. Cattle —Receipts. 25; market, steady; beef steers. $10.25® 15.75; beef cows. * 9 50. vealers. sl4® 18.50. Calves—Receipts. 50: market, steadv; light yearling steers and heifers. s9® 13: low cutter and cutter cows, SSO 6.50: heavy calves. sll® 17. Sheep —Receipts. 500: market, steady: top fat lambs. sls; bulk fat lambs. $14.50017: bulk cull lambs, s9® 12; bulk fat ewes, S7OB.

Local Wagon Wheat

City grain elevators are paying $1.20 for No. 2 red wheat, and *1.14 for No. 2 hard. Building Permits W. Merrick, excavation, 1022 Churchman, $250. C. B. Clarke, addition, 3170 Station. S4OO. Puritan Finance Company, dwelling and garage. 831 Sumner. $2,150. Graham-Fatge Motor Company, remodel. 734 East Market. S3OO. F. Woolling. dwelling and garage, 3064 Brookside parkway. $2,800. Hoosler Athletic Club, door, 902 North Meridian. $365. J. Freije, addition, 737 North Dorman. $1,00).

(111. LU -i-

Produce Markets

Butter (wholesale)—No. 1. 50@51c: No. 2. 48® 49c. Butterfat —Lb.. 47® 48c. Cheese f wholesale selling price per pound) —American loat. 33c; pimento loaf. 35c: Wisconsin flat. 29c: prime cream. 27c: Daisy. 26c; Longhorn 26c: New York limberger. 30c. Eggs—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 IV4 lbs.. 23c: Leghorns. 21c: old rasters, 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 young hens 36c a lb.: No. 1 old toms. 226125 c: No. 2. old hens. 25@30a1b Bu Cnited Press „ _ . - CHICAGO. Jan. 22.—Eggs—Receipts. 10,465 cases; extra flfirsts. 38® 37c; firsts. 34'a 35c; ordinaries, 30® 32c: seconds, 21® 23c. Butter—Receipts. 12.759 tubs: extras, 46%e; extra firsts, 45®45%c; firsts, 44a 44%c; seconds. 43ft43%c; standards. 46c. Poultry—Receipt 3, 1 car; fowls. 22® 28c; springs. 22® 29c: stags. 25c; Leghorns. 230/ 25c; roosters, 20c: ducks. 24® 29c; geese, 20c; turkeys, 20® 25c. Cheese—Twins. 22c; young Americas, 24%®24%c. Potatoes — Market, slightly weaker; amvals, 156; on track, 327; In transit, 561; Wisconsin sacked Round Whites. 90c® $1.05; Minnesota and North Dakota sacked Round Whites. 90® 95c; Idaho sacked Russets, $1.50®.!.70: fancy shade higher.

RAIN REPORTS DRIVE GRAINS LOWERTOBAY Liverpool Fails to Follow Gains Made Here; Oats Off. Bn United Press CHICAGO, Jan. 22—Reports of rain in Argentina caused a sharp break in corn prices here today. Wheat was weaker with corn. There was little trade in oats. At the opening wheat was M to % cent lower, corn was 1 to 1% cent lower and oats were off Vs cent. Provisions advanced 10 points. Liverpool failed to follow the advance wheat made here yesterday and Chicago sentiment does not appear especially confident at this time. Eastern interests are more aggressive and have been buying on every recession. Revision of the Spanish wheat qrop indicates that country will need about 40,000,000 bushels from the outside. Rain is falling in Argentina on area where corn was in great need, and the disposition here is to look for reaction in the grain unless a better commission demand develops. There is no change in the oats situation. Cash demand continues fair. Chicago Grain Table —Jan. 22 WHEAT— Prev. High. Low. Close, close. March 1.22% 1.2144 1.22% 1.22% May 1.26% 1.25% 1.26V4 126 July 1.28% 1.27% 1.28% 1.27% CORN— March ...... .97% .96% .97’% .98% May 1.00% .99% 1.00% 1.01% July 1.02% 1.01!% 1.02% 1.03% OATS— March 52% .52% .52% .52% May 53 .52% .53 .52% July 50 .49% .49% .49% RYE— March 1.07% 1.06% 1.07% 1.06% May 1.09% 1.08% 1.09% 1.08% July 1.08% 1.07% 1.08% 1.07% LARD— January 11.72 11.70 11.72 11.82 March 11.90 11.60 May 12.15 12.12 12.12 12.07 RIBS— January 12.45 May 13.05 Bu Times Special CHICAGO, Jan. 22.—Carlots: Wheat, 32; corn, 584, oats, 78; rye, 10.

The City in Brief

WEDNESDAY EVENTS Indiana Sheet Metal and Warm Air Heating Contractors’ Association convention, Denison, all day. Indianapolis Lions Club luncheon, Lincoln. Kiwanis Club luncheon. Clay pool. Junior Chamber of Commerce luncheon, Chamber of Commerce. Purdue Alumni Association luncheon, Severiu. Illini Club luncheon. Board of Trade. “The field of real estate is so broad that no one man can attempt to cover the entire field as an appraiser,” L. H. Lewis, Indianapolis Realtor, said Monday at a meeting of the appraisal study class of the Indianapolis Real Estate Board. The Chritsian Men Builders of the Third Christian church will give a one act play, “Silas Ganferfoot’s Birthday,” at a dinner at the church at 6:30 p. m. Wednesday. It was written by O. M. Crays, a member of the class. Indiana Itexall Club will hold annual convention at the Claypool, Feb. 5. Walter Jolly, first vice-presi-dent of the International Rexall Club and secretary of the Indiana organization, will speak. About 250 will attend. Ray Forbes spoke at the luncheon of the Universal Club of Indianapolis today at the Indianapolis Power & Light Company Mill street plant. Club members were taken to the plant in automobiles, meeting in front of the Columbia Club. More than 3,000 persons attended the monarch’s ball Monday night ip the Indiana ballroom under ihe direction of Sahara Grotto. Charles G. Walsh, retiring monarch, was honored. Fred H. Knodel, chairman of the entertainment committee, was in charge. William Childress, 60, of 308 % Massachusetts avenue, died Monday in a room at the Denison hotel where he was taken after fainting on Massachusetts avenue. Childress has been night watchman at hotels for a number of years. Police could learn of no relatives. Newt Green, 33, faced charged of keeping a gambling house today as a result of a raid on his poolroom at 908 North Illinois street Monday night. Police said they seized evidence of a dice game. Eleven other men in the Rlace were arrested on gambling charges. When Thomas Robinson, 22, of 533% Indiana avenue, was arrested on charges of failure to stop at a preferential street Monday night police said they found liquor in his car and a transportation of liquor charge was placed against him. Willa McMurry, Negro, 626 North California street, and Miss Alice Jackson, Negro, 310 West North street, also were arrested on liquor charges Monday night.

NEGRO BUSINESS LEAUGE FORMED BY EASTSIDERS Civic Betterment for Race Is Part of Program of New Organization. The East End Business League has been organized by a group of east side citizens. The purppse of the league is to stimulate community activities among members, of the Negro group. Dr. L. B. Meriwether was elected president. “The purpose of this league is not merely to teach its members how to make better business, but to enlarge upon a program of civic betterment for the Negro group of the east side,” asserted Dr. Meriwether, a prominent dentist. Meetings of the league are to be held each Thursday at 1441 Colombia avenue. A series of meetings, to include prominent speakers, has been arranged. Other officers of the league are: C. W. Strider, vice-president; J. L. Byers, secretary, and the Rev. Preston Richie, treasurer. Plans have been complet ed lor the annual Y. W. C. A. banquet and meeting to be held at the Walker Casino. Jan. 24, at 6 p. m. Mrs. Lula Love Lawson, executive secretary of the Chicago V. W. C. A., is to deliver the annual address. Other numbers include introductory music by the Cosmopolitan trio and selections by the Y. W. C. A. chorus and quartet. Invocation will be given by the Rev. John Coleman. Miss Mae Belcher, executive secretary, will make her annual report. Commencement exercises will be

A New Issue WE OFFER $750,000.00 6V2% Tax Exempt Preferred Stock OF. Lincoln Loan Corporation INDIANAPOLIS, INDIANA. (Controlled by the Meyer-Kiser Corporation) CAPITALIZATION (Upon completion of present financing.) Authorized To Be Presently Outstanding Common Stock SBOO,OOO $400,000 Preferred Stock $1,500,000 $750,000 Preferred Stock to be dated March 2, 1929, maturing March 1, 1954. Dividends payable March,-June, September and December Ist. Shares SIOO each. i Callable at 105% of par up to and including March 1,1954, and at 102% of par thereafter. / HISTORY THE LINCOLN LOAN CORPORATION will own the 1 entire capital stock of seven companies, operating in Indiana. Ohio, Michigan, Illinois, Wisconsin, Missouri and Tennessee, all of which companies have been engaged in conducting small loan businesses in conformity with the uniform small loan law sponsored and recommended by the Research Division of the Russell Sage Foundation, and all of which comI rallies have heretofore been under the control of the Meyer-Kiser Corporation, which latter company will own all of and have invested $400,000 in the common stock of the Lincoln Loan Corporation. The Lincoln Loan Corporation has eighteen offices in important cities, and makes loans to individuals limited to S3OO in each instance and secured by chattel mortgage. The company has outstanding loans aggregating <51,374,225.03 —the average loan, however, being only $114.62. The company’s volume of business is growing rapidly, although the growth is carefully restricted by most particularly selected risks. The company’s balance sheet, after completion of this financing, will show the preferred stock followed by $400,000 common stock and surplus of approximately $103,000. # EARNINGS Earnings at the present time are running at the rate of $175,000 per year and after the completion of this financing, Avith no increase in volume, it is estimated the earnings will run conservatively $250,000 per year, or more than five times the dividend charges on the preferred stock issue. MANAGEMENT Tiie Board of Directors comprises the same personnel as the Boards of The Meyer-Kiser Bank and the Meyer-Kiser Corporation. The issuance of additional preferred and common stock is safeguarded by appropriate restrictions in the company’s articles of incorporation. This stock is exempt from all taxation in Indiana and from the normal Federal Income Tax. Legal details approved by Messrs. Smith, Remster, Hornbrook & Smith It is expected that the company will make application in due course to have this stock listed on the Indianapolis Stock Exchange. Detailed Circular Furnished Upon Request WE UNRESERVEDLY RECOMMEND THIS STOCK FOR CONSERVATIVE INVESTMENT PRICE FAR YIELDING 6^% Permanent stock certificates wfll be ready for delivery on March 2nd. Purchasers of this stock will receive Interim Receipts of The Meyer-Kiser Bank, together with checks covering rebate of interest at 6%% from date of purchase to March 2nd. THE MEYER-KISER BANK INDIANAPOLIS

■ held at School 2 Jan. 23, at 10 a. m. Mrs. Clara Hill of the primary department will address the glass of forty-four graduates. Several musical selections are to be given by the pupils. E. W. Riggs, principal, will present the diplomas. The Enright Club will give its annual formal dance Jan. 24. at the Walker casino. The “Speedy Six’* girls’ basketball team will meet- the Wilberforce team at Wilberforce Jan. 25. Mrs. John Browder of Bellefontaine street will be hostess to the Friend’s Club, Jan. 23. The Attucks Tigers will play the Lincoln high school team of Evansville, Jan. 25, in the high school auditorium. School 17 will hold its graduating exercises in the Crispus Attucks high school auditorium, Jan. 23. at 10. The class is composed of 115 graduates. The program is to include musical selections and the presentation of diplomas. Dr. A. H. Maloney will be the speaker. John Morton Finney is principal. The senior student section of the Indianapolis Music Promoters met Sunday afternoon with Miss Marion Van Horn, Indianapolis avenue. Plans were made to assist in a cabaret musicale to be given at the Walker casino Feb. 19, for the benefit of the local, state and national associations. St. Monica's Guild of the St. Phillip’s Episcopal church will meet tonight with Mrs. Lelia CAemrmons, 824 North California street. The Old Settler’s Social and Civic Club will meet tonight at the home of Mrs. Julia Reed; 1935 Bellefontaine street. Mrs. Ella Covington is president and Mrs. Stella Fisher is secretary. The Rust University Concert Company of Holly Springs, Miss., which was scheduled to appear at Simpson Chapel A. M. E. church Jan. 17, will be heard in a recital Feb. 7, at the church. Company C of Mt. Paran Baptist Church will present one of the

progressive series classes of Miss Ellen V. Thomas in the first of a series of piano recitals at the church, Jan. 28. at 3 p. m. Mrs. Sarah Mitchell is president and the Rev. C. H. Bell is pastor. The public is invited. Funeral services for Mrs. Evan Baptist Hicks, who died Saturday at the home of her sister, Mrs. Madeline McCall, 365 Twenty-sixth street, are to be held this'afternoon at the home. The Rev. W. D. Shannon will officiate. The interracial music committee of the Walker theater was the guest of attorney F. B. Ransom at the Coffee Pot. Jan. 19. Newton Pullins, 427 West Twentysixth street, is ill in the city hospital. Mrs. Claude White, Puryear street, is improving from a recent illness. Mr. and Mrs. R. Roy Pope, West Twelfth street, entertained at dinner Sunday afternoon in honor of the birthday anniversary of Mrs. L. R. Le Mon, piano instructor at the Cosmopolitan School of Music-

Walker Theater

If the bill seen at the Walker is passed on to the remainer of the week. Indianapolis patrons will have a show they usually like to pay the price to see. “Honey-mooning” has enough of showmanship and stage eclat to satisfy all tastes. “I am Sorry Sally,” the musical theme, written by Sarah DeCoursey, has been cleverly woven into every scene of the beautiful show. Miss DeCoursey, starring with Nat Smith in the lover’s romance, would be to better advantage with a better voice and just a little more stage technique. Smith seems to experience difficulty in impressing his sweetheart with “I Am Sorry Sally.” The public expects all of the effulgence of youth in love

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scenes. Smith as lead man does well. Clarence Lee has a good voice and personality. You will enjoy his singing with piano acompainment on the stage. Albert Sayre, as Bozo, was especially good in getting music out of a saw. The vast audience applauded him to an encore. Billy Tedman's work in cork was satisfying to all parts of the big theater. Bill excelled best in his “Monkey Shines.” Miss Josephine, as harem queen, won the plaudits of the patrons with her appearance each time. The chorus and stage effects are beautiful. “Show People” is a screen story for the first four days of this week. It is a panoramic of Hollywood life that gives one a peep at some of the intimacies of the noted stars.

EXPECT THREE TO GO FREE IN KEYES TRIAL No Evidence Against Trio Brought Into Bribe Hearing. Bu United Press LOS ANGELES. Jan. 22.—Three of the six defendants in the Keyes bribery trial probably will be dismissed, court observers said today. State's attorneys indicated they would not oppose the motions to free Jack Rosenberg. Dave Getzoff and Charles Riemer. Excepet to show that the three were present when the major defendants met and assertediy plotted to free Julian petroleum defendants, the state has introduced no evidence agains tthe trio. It appeared certain, however, that Asa Keyes, former district attorney; Ben Getzoff, father of Dave and the asserted “pay-off” man, and E. H. Rosenberg, Julian defendant and brother of Jack, would be forced to continue on trial.