Indianapolis Times, Volume 40, Number 221, Indianapolis, Marion County, 2 February 1929 — Page 8

PAGE 8

RADIO STOCK UP $32 SHARE IN LATETRADINB Shoots Up to $403 Share; American Can Also Stages Rally.

Average Stock Prices

Average of twenty industrials Thursday was 317 51, up 4.91. Average of twenty rails was 154.54. up 3.38. Average of forty bonds was 95.93, up .01. Bu United Press NEW YORK, Feb. I.—Radio Corporation stock whirled up $32.75 a share in the late trading today on the New York Stock Exchange, reaching $403 a share as compared with the closing price Thursday of $370.25. American Can also was bid up sharply and rallying tendencies buoyed up United States Steel. Strength in these issues arrested a previous decline and the market developed a stronger tone before the final gong stopped the transactions. In the late rush, the ticker fell behind four minutes. Confidence Is Restored Wall Street entered the new month today with confidence apparently restored. Credit appeared ample, although it was necessary to mark up call money to 8 per cent after it had ruled at 7 nearly through the session. The outlook was for easier money as soon as the Feb. 1 interest and dividend checks were out of the way, and this caused heavy buying during the first half of the session. After prices had been bid up 1 to nearly 12 points it was only natural that considerable profit taking should follow before the late Radio rally. This sort of selling was aggravated by the rise in call money. Chrysler Motors and Packard sagged. Gardner lost heavily after a statement by its president the stock was selling too high. Rail Prices Strong Railroad stocks, however, continued to hold the center of the stage and coppers held up well and other groups retained a fair portion of their earlier gains. Oils, utilities and motor equipment issues were in better demand today. Rubbers also rallied. For a time in early dealings, the market presented the strongest front so far this year, ignoring an increase of $116,000,000 to a record in brokerage loans. Dealings were above a five-million share pace.

Banks and Exchange

City bank clearing* figures, as given in The Times dally, are checked carefully and always are correct, barring vosslbtllt* of tvnograpbical errors. INDIANAPOLIS STATEMENT Indianapolis bank clearings. Friday. Feb. 1. $3,809,000; debits. $8,192,000. NEW YORK STATEMENT Bu Tini'ni Press NEW YORK, Feb. I.—Bank clearings, $2,088,000,000: clearings house balance. $165,000,000; federal reserve bank credit balance, $157,000,000. TREASURY STATEMENT Bu United Press WASHINGTON. Feb. I.—The treasury net balance lor Jan. 30. $132,476,880.86: customs receipts Jan- 30, $43,154,174.10. CHICAGO STATEMENT But United Press CHICAGO. Feb. I.—Bank clearings. $165.300.000; clearing house balance, $18,700,000.

In the Stock Market

BY Thomson & McKinnon NEW YORK. Feb. I.—ln a market exhibiting strenth in all departments the rails and coppers were conspicuously strong. Other than a hardening tendency In the price of domestic copper today" reasons for strength in these two groups have been discussed so frequently that reiteration Is unnecessary. It Is sufficient to say that were all contingent condition* free from doubt, a further substantial upturn in prices could be easily attained. In view of the sharp advance throughout the list It was only natural that a reasonable amount of profit talcing should be Invited. Sales of this nature were of fair volume and were encouraged, to some extent, by a hardening In call money. As has been customary recently the brokers loans statement, showing a substantial Increase as well as anew peak for all time, was Ignored, disappointment over the Increase being tempered bv the explanation of additional bond offerings as responsible for most of it. by the knowledge that gold Is again coming our way and that there were no further earmarkings for foreign account during the past week. We believe it unwise to pass over too lightly the Increasing amount of funds being used for atock market purposes and Its probably ultimate effect on the credit situation. The total now Is above that level which sixty days ago was sufficient to bring j about the well remembered December reaction and we are approaching the period of the vear when the demands of business uuallv come into the money market In competition with the demand for stock market uses. It does not take much wn imagine to picture the result of a further strain on credit, regardless of Its source. We feel that a word of warning relative to the over-extension of accounts at this time Is not amiss. New York Curb Market —Feb. 1— Close. Am Gas 162 Am Roll Mill 98*4 Assoc Gas (A> ............. s*-’ Am Dent Stores 22''* Am S Power tA 137% . Am S Power iß> 129 Anglo*Amn .. is** Boeing Air T 96 Bon A 116 Cont Oil 2tCities Service 91 Can M*cont 7’Ourttss Flv Ser 24*-: . Durant Motors 17 D* Forest 23 % Flee Bond A Sh .3*l M itiee Inves 120 Ford of Canada *.|s Fox T 32 Freshman 10 Gulf OH 181 General Bak <A> 9* Humble Oil 9*’ Bav 31% Imp 0i1”..... 99 Fan Steel l* k Int Pete 60 Ford of England 16*. Mead J 65*-. N E Power 59 Nt Pub Sent 24% Niles B P . 33’ Ohio Oil 67 New Cordelia 42 No Am Aviation 17% Pantepec 8 l 2 nlversa! Aviation 23* atnbow i ..; ar Std Oil Ind 98% Std Oil Kan 19* Std Oil Kv 43> Std Oil Ohio 116 Salt Creek 23 Fotker 24*. Serve! 18** S t Power .. 89*. Shattuck 31*-* Trans Cont A T 25 s . United L * R !A* 4!M United Oas A Imp 18*% Normanda .......... 83** United-Vrde * 2’’ Vacuum Oil ~ 12S 1 Walgreen 85% NEW YORK COFFEE BANGS —Feb. 1— High. Low. Close Jsaaary 13.75 July '.i;;;‘*““u'.Cl i4JB IAB4 1464 September 14.32 14.30 14.22 December 13.83 .TS 13.75

New York Stocks —■ (By Thomson ft McKinnon ~~

—Feb. 1— Raitreads— Prev. High. Low. Close, close. Atchison 304'/. 305 307% 304% Atl Coast Line 143 Balt 4c Ohio ...136 134% 137 134% Canadian Pac . 263% 355% 363 % 254% Chesa ft Ohio ..227% 223 324% 222% Chesa Corn 89 87% 87% 86 Vs Chi 4c N West.. 91% 89% 91% 89% Chi Ort West... 23% 22% 23% 21% C R I * P 139 138% 136% 137 V. Del ft Hudson..2oß% 204 204 204% Del ft Laeka.. .133% 131 133% 131 V. Erie 75% 73% 74 72% Erie lat pfd ... 63% 62% 63% 62% Grt Nor 112 110% 112 110% 111 Central 149% 143% 149% 143 Lehigh Valley ..100% 100% 100% 10Kan City South 94% 94 M K ft T 54 52% 53 52% Mo Pac pfd ....133% 133 1?3 132 N Y Central ...203 199% 201 lbt, N Y C ft St L. .143 140% 143 NYNH&H... 97% 98 97% 92% Nor Pacific 111% 110 111 110% Norfolk ft West. 205% 204 205% 205 Oft W 30% 28% 30% 29 y. Pennsylvania .. 80 77% 79% 79% P ft W Va 142 141 Reading 115% 113% 113% 115 Southern Ry ...157% 156% 156% 165 Southern Pac ..188% 137 137 137 St Paul 39 38V. 38% 38 St Paul pfd ... 62% 61% 62% 61 St L ft S D 109% 108 V. 109 108 St L ft 8 F.... 119% 119% 119% ... Union Pacific.... 225% 224 225% 223% Texas ft Pac .... 173 : West Maryland. 48V. 46 47% 45% Wabash 77 76 76 74% Rubbers— Ajax 10% 10% 10% 10% Fisk 19 18 Va 18% 18% Goodrich 101 98 99 98% Goodyear 134% 130% 131% 132% Kelly-Spgfld ... 22% 21% 21% 22 Lee 23 22 % 22% 23 United States.. 52% 51% 51% 50% Equipments— Am Car ft Fdy. .101 99 99 99% Am Locomotive. .111% 110% 110% 110 Am Steel Fd... 75 73 73 74% Am B Shoe.... 53Va 50% 53 49 General Elec ...262% 254% 256% 259% Oen Ry Signal. 102% 100% .'OL% 101% Gen Tank 97 95% 95% 97 N Y Air Brake 49 46% 49 47% Pressed Stl Car 21% 31% 21% 21Y Pullman 88% 85% 86% 86% Westlngh Air B. 47% ... 47% 45% Westingh Elec.. 163% 160% 161% 163% Steels— Bethlehem 86% 85 % 86% 86 Colorado Fuel... 75 73% 74% 74% Inland Steel ... 91 90% 90% 91% Rep Iron & Stl.. 85 82% 84% 83% U S steel 186% 183% 186% 182% Alloy 52% 48 Va 50% 48% Youngstown Stl .114 112 114 110% Vanadium Corp 108% 107% 107% 109% Motors— Am Bosch Mag.. 42% ... 42% 42% Briggs 57% 54% 56% 55% Chrysler Corp ..115 111 111% 115 Eaton Axle 76% 72% 75Vi 73% Oraham-Patge.. 49% 48% 48% 48% Gen Motors new 83% 82% 82% 83% Hudson 90% 88% 89% 87% Hupp 80 78% 79 78% Jordan 13% ... 13 12% Mack Trucks ...110% 108% 109% 108% Mormon 71 71 71 71 Reo 28V* ... 28 28% Motor Wheel ... 45% 44% 44% 45 Nash 114% 112% 113% 114% Packard 141 188 138 % 142 V* Peerless 20V* 19% 20% ... Pierce Arrow ... 34% ... 34 V* 35% Btudebaker Cor. 96% 95V* 95% 95'/aStew Warner... 140V* 138 138% 135 Murray B 75% 73 75 72% Timken Bear ... 79 79% 78% 79 Wlllys-Overland. 32 31% 31% 30% Yellow Coach... 41% ... 39% -.39% White Motor ... 32 31% 31% 46V* Mining—--4m Smlt ft Rfg.ll9 117% 119 117 Anaconda Cop.. 127% 121V* 127% 129 Vs Andes 51% 50% 50% 49% Calumet 54% 54 54% 54% -Oei-ro rte Pasco..lo7 104% 106% 100% Chile Coooer ... 92% 90% 92% 91% Greene Can Cop 181 175 180% 176 T nspiret.ion Cop. 49% ... 48% 45% T "t Nickel .... 68% 66% 67% 67% r %nnecott Cop. 163 159% 159% 160 "'isms. Cop 73 71% 72% 72 Mew Coo 48% 47% 47 Va 47% Ter-as Gulf Sul. 76% 77% 77% 77% U S Smelts 69% ... 68-% 08% Oils—‘"antic Rfg ... 82% ... 60 58 T, ?.-T>sdall 45Va 44 45% 43% w -eenort-Texas.. 514* ... 51 51 Houston Oil 89% ... 88 89% Jndn Oil ft Gas 31% 30% 3Ui 30% Morlend OH 40% ... 39% 39 Mid-Ont Petrol. 32% 32% 32% 32V* Logo OU ft Tr 28% Pan-Am Pet (B) 45% 45 46% 44% Phillips Petrol.. 39% 39% 39% 39% Prairie oil ft G. 60% ... 60 60% Union of Ca 1.... 50% 49% 50% 49% Pure Oil 24% 24% 24% 24% Povol Dutch ... 51Va ... 51 Va 50% Shell 27% 26% ?v% 26% Simms Petrol .. 20% 20% 20% 20% Stne'alr Oil 39% 38% 39% 3flVa S’:-llv Oil 36% 35'/a 36% 35 Std OU Cal 68 ... 66% 66% Std Oil N J 50% 50 50 V* 50% OU N Y 41% 41 41% 41 t-vs Couj 61% 60% 61% 60 mrenscootl 10% 10 10% 10 White Foele ... 32Va 31% 32 31% Industrials— Adv Rumely .... 63 39% 61% 55V* Allis Chalmers 191 Allied Chemical 295% 288 292 % 276 Armour (A) .... 17 Va ... 17 16% Amer Can 117% 114% 116% 114% Alaska J 9 ... 9 8% Am H L pfd 32% Am Safety Raz. 72% ... 73 73% Amer Ice 40 39% 40 39% Am Woolen .... 23% ... 23% 23 Curtiss 157 153 154 153 Coca Cola 175% 173% 175% 172 Conti Can 63% 62% 63% 63 Certalnteed 35% 24% 25% 24% Congoletim 33% ... 32% 32% Davison Chem .. 68% 67% 67% 68% Dupont 198'/a 189% 196% 191 Famous Players 66% 65% 66% 65 Fox iA > 95% 94V* 94% 95% Gold Dust 78% 77 77% 77% Ollddcn 43% 41% 42 41% Int Paper 72% Int Harvester ..111 ... 109% 111% Lambert 132 131 132V* 132 Loews 80% 77% 77% 79 Mav Stores 102% 99 102% 98% Montgom Ward 147% 140 142 142’/. Natl C R 139 134% 135 135% Pittsburgh Coal .74% ... 73V* .. Owens Bottle .. 92% ... 31% 91 Radio Keith .... 42>4 39% 41 39 Real Silk 73% 72 72% 73% Rem Rand .... 33% 32% 33% 32% Scars Roebuck . . .66% 165% 165% 165 H Union Carbide . -223V* 219 129% 224’*. Victor 158 150% 158 1 50V* Untv Pipe 18% 17% 18 18 USCs Ir Pipe.. 44 43% 43% 43% U S Indus Aleo 154 132% 153% 150 Wright Aero 375 271% Warner Broa ...133 129% 129% 128% Utilities— Am Tel ft Te1...220 % 317% 319% 319 Am Wat Wks.... 89% 87 87V* 88% Brklyn-Manh T.. 89% 79 79 80 Col O ft E 157 ... 155 156% Consol Gas ....119% 115% 116% 115'Elec Pow ft Lt.. 64% 61 64 \ 61% Interboro 34% 53% 33% 54% Nor Am Cos 105% 103% 104'% 104% Natl Power 57 55% 56% 55% S Cal Edison .. 67% 64% 66 67% Pub Serv N J. ... 92% 90% 91% 91% Std Gas ft El 97 95 95 % 96Va Utilities Power . 46% 45% 45% 47 West Union Tel 206 200 205% 197 Shipping— Am Inti Corp ..147% ... 147% 147% Am Ship ft Com 5% ... 5 3 Inti Mer M pfd 36% 36% 36% ... United Fruit ...156% 154% 154V* 156% Foods— v Am Sug Rfg... 91 Vi ... 90% 90% Kroger 116 V 115 115 115% Austin Nichols.. 8% 7% 7% 7 Beechnut Pkg.. 95% ... 95 95 California Pkg.. 95% ... 95 74% Corn Products.. 89% 87% 89% 87 Cudahy 63% 63% 63% 62% Cuban Am Sug.. 15% ... 15% 16 Flelschmann Cos 78 ... 77% 77% Jewel Tea 158% 157% 158% 157Kratt Cheese... 35% ... 35% 35% Natl Biscuit ...192 190 192 192% Natl Datry ....137 135% 137 134’ Postum Cos 76 74% 75% 75% Ward Baking B 17% ... 17% 17% Tobaccos— Am Sumatra .. 55% ... 55% 56% Am Tob B 183 183 183 183 % Con Cigars 93 91 Va 92 9"a General Cigar... 68% ... 68% 69 Llg & Meyers... 98% 97% 98% Lorlllard 26 ... 25% 25% R J Reynlods 160 Vi Tob Products 8.. 91 Vi 97 97 97 Untted cigar St 23% 23% 23% 23% Schulte Ret Strs 32% 31% 33% 32% Std Com Tob. 38 ... 36% 3C

In the Cotton Market

BY Thomson Ss McKinnon NEW YORK. Feb. I.—ln the absence of much general business local traders were inclined to sell cotton this morning. The decline brought out a small amount of liquidation but as real support began to appear sentiment quickly changed and as the afternoon began prices were a trifle higher than yesterday’s close. The tone was generally strong. Advices from the south are to the effect that the trade will be disappointed If they put too much faith in anything more than a very small acreage Increase. This Is a vital factor In determining the future course of prices and should the public come to the conclusion that acreage is to be about the same as last vear. verymuch higher prices are possible. At any rate, we see nothing In a short position on cotton at this time and less to the constructive side of the market. NEW YORK High. Low. Close. January :... 19.30 19.15 19.30 March 19.84 19 68 19.84 May 18 86 19.70 19.86 July 19 50 19.38 19.50 October fold) 19.36 19.30 19.36 December 19.36 19.11 19.26 October (new) 19.24 19.07 19.07 CHICAGO High. Low. Close March 19.30 19.18 19.30 May 19.37 18.15 19.36 July 19.35 18.18 19.35 October * 19.00 18.90 19.00 December 19.00 11.90 19.0 Q

PORKER PRICES 20 TO 50 CENTS HIGHERJN PENS Veafers 50 Cents Lower; Not Enough Sheep to Make Market. Jan. Bulk. . Top. Receipts 25. 9.75® 10.00 10.00 10,500 36. 9.65 9.75 3,500 28. 9.25® 9.75 10.00 4.000 29. 9.90®10:i5 10.15 9.000 30. 9.90 9.90 10.600 31. 9.70 9.80 6.000 Feb. 1. 10.00 10.25 4,000 Hogs were 20 to 50 cents higher today at the local stock yards. Largely 30 cents higher on weights of 160 to 300 pounds. The bulk of 160-300 pounds brought $lO. Few loads of choice brought $10.25. Receipts were slightly lower, numbering 4,000, and holdovers from Thursday’s market totaled 560. Cattle were slow to lower witn the week-end decline. Vealers were 50 cents lower, selling around $lB down. There were not enough sheep and lambs here to make a market. Choice light lambs brought $16.50. The Chicago hog market opened fairly active to shippers, and around 10 to 15 cents higher than Thursday’s average. A number of bids and few sales on choice 180-240-pound averages brought $9.60 to $9.75. Receipts were estimated at 37,000, including 7,000 directs, and holdovers from Thursday’s market total 15,000. Cattle receipts were 3,500. Sheep receipts were 10,000. Hog prices today were as follows: 250-350 pounds, $9.50 to $10.25; 200250 pounds, $lO to $10.25; 160-200 pounds, $10; 130-160 pounds, $9.25 to $9.75; 90-130 pounds, $7.25 to $9, and packing sows, $8.25 to $8.75. Cattle receipts were 500; calf receipts were 500; beefs steers, $lO to $12.50; beef cows, S7.CO to $9; low cutter and cutter cows, $5.25 to $6.75; vealers, sl7 to $18; heavy calves, $7 to sl2, and bulk stock and feeder steers, $8 to $10.50. Sheep receipts were 200; top fat lambs, $16.75; bulk fat lambs, sls to sl6; bulk cull lambs, $10.50 to sl3, and bulk fat ewes, $7.50 t oslo. —Hogs— Receipts, 4,000; market, higher. 350-350 lbs $ [email protected] 200-250 lbs [email protected] 160-200 lbs. . 10.00 130-160 lbs 9.25® 9.75 90-130 lbs 7.25@ 9.00 Packing sows 8.26® 8.75 -CattleReceipts, 500; market, steady. Beef ste?rs [email protected] Beef cows 7.50® 9.00 Low cutters and cutter cows.. 5.25@ 6.75 Bulk stock and feeder steers.. [email protected] —Calve*— Receipts, 500; market, lower. Best veals [email protected] Heavy, calves 7.00® 12.00 —Shecp-r Receipts. 200; market, lower. Top fat lambs $16.75 Bulk fat lambs 15.00®16.00 Bulk culL lambs 10.50® 13.00 Bulk fat ewes 7.50® 10.00 Other Livestock Bu United Press CHICAGO. Feb. I.—Hogs—Receipts, 37,000; market opening 10@15c higher; later trade 15@25c higher, active on advance; top $9.85 paid for numerous loads of 180 to 230 lb. weights; butcher medium to choice 250-350 lbs., *[email protected]: 260-250 lbs., $9.'[email protected]; 180-200 lbs., [email protected]; 130-180 js.. $8.75® 9.85; packing sows, $8.60 @9.15; pigs, medium to choice. 90-130 lbs.. $7.50® 9. Cattle—Receipts, 3,500. Calves— Receipts. 1.500; light steers and yearlings, along with better grades of butcher heifers. 15c to 25c higher; trade active, supply scarce: weighty steers slow; general trade In no condition to handle liberal receipts; best yearlings, $13.75; slaughter classes, steers good to choice, 1,300-1,500 lbs.. $12.25 @15.25; 1.100-1.300 lbs.. [email protected]; 9501.100 lbs., [email protected]; common to medium, 850 lbs., *9@‘l3: fed yearling good to choice. 750-950 lbs.. $12.75® 15.50; heifers good to choice. 85Q lbs. down. $11.25® 13.35; common and medium. $8®11.25; cows, good to choice. $8.50@,10.50: common and medium. [email protected]; low cutter and cutter. s6® 7.25; bulls good to choice (beef), $9.75® 11.25; cutter to medium. $8 o? 10: vealers (milk fed), good to choice. sl4® 16.75: medium. $13@14: cull and common. s9@l3; Stocker and feeder steers, good to choice (all weights). [email protected]; common and medium. sß® 10.50. Sheep— Receipts. 10.000; asking. 15c to 25c higher; bidding steady to strong; best held above $V7.25; moderately sorted fat lambs. $16.75 @l7; sheep. 25c lower: top ewes. $10: feeding lambs. [email protected]: lambs, good and choice 92 lbs. down. [email protected]: medium. [email protected]: cull and common, [email protected]: ewes, medium to choice 150 lbs. down. $7.75@10: cull and common. [email protected]; feeder lambs, good to choice, [email protected]. Chicago Stocks —Feb. 1— . , Open. High. Low. Close. AU Am Raalo ... 37 37 35 37 Atlas Stores 72 Va 74 72% 73 Auburn Motors ..142% 143% 141 142 Backstay 51 Vi 51',a 51 51 Vi Bastlan B 43 V* Bendlx .122% 122 121 121 Borg Warner ...147% 151% 147% 149 Vi Butler Bros 39 39 37 37% Campbell W ... 45% ... Chicago Yellow T 32 32 31% 32 Club Alum 30 30% 30 30'i Com Edison .... 235 ... Erla 19 21% 18% 19% Elec HH 33% 35% 33% 34% Orlgsby 165 172 161 170 Ot Lakes Air ... 28 28 27% 28 Hart Carter 32% 33% 32% 33V* Hershey B 60% ... Houdallle A 61 61 60 60 Houdallle B .... 61 61% 60 60 Inland W ft C 79% 80 79 79 Kalamazoo Stove.l3l 131 128 Vi 128% Kellogg Switch.. 17 17% 16% 17% Libby McN 13% 13% 13 s * 13% Lion Oil 32 32% 33 32% Mid-West Util... 180 182 180 181% Nor Am Car 66% 66% 66% 66% Nat Elec P “A” 36% 37% 36% 37 Nat Standard .. 53% 54V* 53% 53% Ont Mfg 36 Parker Penn ... 52% 53 32 % 53 Pines Winter F.229% 230 228% 229% Poor ft Cos 30 Ross Gear 55 Sonatron 39 43 39 42% Swift ft Cos ...137 137 136% 136% Swift Int 35 35 34% 34% Super Maid 70% 70% 70 70 Stand Dredge .. 39% 39% 38% 38% U S Gvpsum ... 65 s * 65 s * 63 63% Utah Radio 52 53% 52 52% Wahl 26 26% 26 26% Winton Engine. 90 92 89 >4 90% Wisconsin Parts 64% Yates 29 % 31% 29% 30% Zenith Radio ... 55 s * 56% 55% 55% J Morrell ft Son 62 s * 63% 62% 63 Goldblatt 33% 33 % S3 33 U S Radio ft T. 130 132 130 136% Monsanto 108 Minn Honeywell 64% 64 V* 64 64 Brown F&W A34 34 33% 33% Unit Corpn . .. 36% 38% 35% 35% SteiniCe Radio.. 43 44 42% 44 111* Brick 39 39 38% 38% Penn Gas ft Elec 23 24 23 23 Foote Bros .... 27'% 28 27 27 Mohawk Rub ... 58 59 58 59 Morgan Li-.ho .. 54 54 52 53 J D Adams 42% 43 42% 43% RAW SUGAR PRICES —Feb. 1High. Low. Close. January 2,19 2.18 2.J9 March 2.01 2.00 2 00 May 2.09 2.08 2.08 July 2.16 2.14 2.16 September 2.19 2.17 2.18 December 2.22 2.20 2 22

Commission Row

PRICES TO RETAILERS FRUITS Apples—Box Jonathan. $2 50*2.75: basket Jonathan 8150413 3b box neiiciou* *363.25: box Grimes. $2 25@>3.75: basket Grimes. 81 .->062 35 casket Winter Ba hamas *1 75fi2 Cocoanuts- 86.50 a bag of 100 Cranberries— *5 r 35-lb box- 810 a 80b box Grapes—Eqiperors. lugs 83.50: kegs. 4: Aimerta. keg 88 Grapefruit- 83 506J75 Lemons— California, a crate. 17.3567.50 Llmes- Jamalca 100 bv count 82 25> Oranges—callfortna naval. a crate $6.50 417: Florida. 83.7564.35. Persimmons- Japanese 817563: 40 to 70 count Pears- Bose, box 84 50: Anlau *4.75. Straw berries— Florida, 90s a Quart.

Til hi IN L)1 AN ATOLIb TIMKS

WHEAT PRICES FIRM; TRADING IS MODERATE Corn and Oats Are Little Changed and Show Uneven Ranges. Bu United Press CHICAGO, Feb. I.—Reports of damage to winter crops restored firmness to wheat futures here today. Com and oats were little changed and showed uneven ranges. At the close wheat was l’i cent to 1% cent higher, com was up % cent to % cent and oats were 14 cent to M cent higher. Provisions were about steady. Trading in wheat only was moderately active most of the session, there being no particular incentive for action either way. However, reports of damage to winter crops, were so persistent that prices held firm throughout the morning. News that the Argentine government had been asked to withhold wheat from world markets did not affect the stiuation here. Liverpool cables were stronger than due early. Although trend of corn was slightly lower, May found good support around $1 and there were perods of comparative strength during the day. Argentine news was bullish, the government stating that irreparable damage had resulted from the seven weeks drouth there. Country offerings were light. Oats held a firm tone most of the day in a featureless session. Cash markets were: Wheat, unchanged; com, Vz cent to % cent lower. Receipts were: Wheat, 28 cars; corn, 182, and oats, 25. Chicago Grain Table -Feb. 1— WHEAT— Prev. Open. High. Low. Close, close. Mar.. 1.23% 1.26 1.23 V. 1.25% 1.24 May.. 1.27V* 1.29 V. 1.26% 1.29 1.27 V. July.. 1.29% 1.31 V. 1.28 T /s 1.30% 1.29 y. CORN— Mar.. .96% .97% .96% .97% .97V, May., .99% 1.00% .99% 1.00% 1.00% July.. 1.02 1.02% 1.01% 1.02% 1.02 OATS— Mar.. .52% .53 .52% .53 .52% May.. .53 .53% .62% .53% .53 July.. .50 .50% .50 .50% .50 LARD— Mar. 11.95 11.97 11.95 11.95 11.97 Mav. 12.25 12.27 12.25 12.25 12.25 July. 12.55 nominal RIBS— W May. 13.00 nominal 13.00 13.05 Julv. 13.50 nominal 13.50 13.50 RYE— Mar.. 1.10 1.11% 1.09 1.10% 1.09 May.. 1.09% 1.10% 1.03% 1.10% 1.09 July.. 1.08 1.09% 1.07% 1.09% 1.07 Bu Times Special CHICAGO. Feb. I.—Carlots: Wheat, 8; corn. 212; oats. 41: rye. 2. Bu United Press CHICAGO. Feb. I.—Cash grain close: Wheat. No. 2 hard. $1.26%: No. 3. $1.23%: sample grade. [email protected]; No. 5 northern, $1.13%; No. 4 mixed. 98c. Corn. No. 4, 93<ff94c; No. 5. 91%; No. 6, 90<ff90%c: No. 3 ysllow. 95% 2 96c: No. 4. 93%®95%c; No. 5, 91%<?t93c: No. 6. 90@91c; No. 4 white. 95c: No. 5, 93%c: No. 6. 89c: sample grade, 81®82c. Oats. No. 2 whlt. 55<iH 55V*c: No.' 51%ffi52%c: No. 4, 51@51%c; sample grade, 50%c. Barley, 62'2,70c. Bu United Press TOLEDO, Feb. I.—Cash grain close: Wheat. No. 2. $1.47%@1.48%. Corn, No. 2, $1.02%@1.03%; No. 3. SI.OO Vi 0511.01%. Rye. No. 2, $1.17. Oats, No. 2. 55%<®57%c. Barley. No. 2, 70fti>71c. Butter. 49fff53c. Eggs, 38240 c. Hay, $1.50 hundredweight. Bu Times Special CHICAGO. Feb. I.—Primary—Receipts: Wheat. 960.000 against. 1,021.000: corn. 1.416.000. against 2,242.000; oats. 375,000, against 535.00. Shipments—Wheat. 683.00 C, against 540.000: corn. 683.000. against 817,000; oats. 321.j00. against 347,000.

Indianapolis Stocks

—Feb. 1— Bid. Ask. American Central L Ins Cos. .750 Belt R R & S Yds Cos com 69 71 Belt R R & 8 Yds Cos pfd 58% 62Vi Central Ind Power Cos pid... 95 99% Cities Serv Cos com 91 Cities Serv Cos pfd 981-4 ... Citizens Gas Cos com 33% 41 Citizens Gas Cos pfd 99 102% Commonwealth L Cos pfd 100'/a ... Eauitable Sec Cos com Hook Drug Cos com 40 Horuff Shoe Corp com 14!a 15’/? Ind Hotel Cos Clapool c0m.... 125 Ind Hotel Cos pfd 100 ... Ind Serv Corp pfd 90 Indpls Gas Cos com 57 61 Indpls & Northwtn Tr Cos pfd 5 Indpls P & L Cos pfd 10514 10614 Indpls P Sc L Corp pfd 98 100 Indpls Pu Wei L Assn com.. 471'a ... Indpls St RCo pfd 3414 37 Indpls Wa Cos pfd 1001a 103 Inter Pub Serv Cos pr 11 pfd. 103 106 Interst Pub Serv Cos pfd...XD 9314 97% Merchants Pub Util Cos pfd 101 Metro Loan Cos 10014 ... Northern Ind Pub S Cos pfd 6s. 100 103 Northern Ind Pub S Cos pfd 7s. 109 Prog Landry Cos com 46 50 E Rauh Sc Sons Fert Cos pfd... 50 ... Real Silk Hosiery Cos pfd .... 9914 ... Stand Oil Cos of Ind 96 T H Indpls Sc E Tr Cos com. 1 T H Indpls & E Tr Cos pfd.. 9 ... T H Trie Sc LI Cos pfd 9614 ... Union Trac Cos com Vi Union Trac Cos Ist pfd 1 Un Trac Cos 2nd pfd % Union Title Cos com 42 60 V Camp Prod Cos Ist pfd 98 100 V Cp Prod Cos 2nd pfd 92 BONDS Belt RR & Stock Yards Cos 4s B*B’ f Broad Ripple Trac Cos 5s 70 Central Indiana Gas Cos ss. .. 99'4 ... Central Ind Power Cos 6s 10014 ... Chi. S B & N Ind Rv Ist ss. 20 Citizens Gas Cos 5s 103 104% Citizens Street Railroad ss. . 8314 86% Gary Street Rv Ist 5s 36 90 Home T & T of Ft Wayne 65.103 Indiana Hotel Cos 5s 101 Ind Northern Trac Cos 5s 3% Ind Railway & Light Cos 55.. 99 101 1 4 Indiana Service Coron. 55.... 92 Indpls Power <b Light Cos 55.. 98 Vi ... Indiana Union Trac Cos. 55.. 1 Indpls Col & So Trac 6s 99 102 Indianapolis Gas Cos 5s 100 Indpls & Martinsville T Cos 5s 16 Indpls No Trac Cos 5s 8 12 Indpls Sc Northw’ern T Cos 5s 16 Indpls Street Rv 4s 63 66% Indpls Trac Sc Terminal Cos 5s 95% 96 Indpls U Ry 5s J 1965. A& B 101% ... Indpls Water Cos 5%s 102% 104% Indpls Water Cos 5%s 102% 104% Indpls W Cos lien & ref 5s Ist 96 Indpls Water Cos 4%s 95 Indpls Water Works Sec Cos 5s 9514 ... Interstate Pub Serv Cos 4 Vis. 90% ... Interstate Public Service Cos 5s 97 Interstate Pub Serv Cos B 6%s 105 No Ind Pub Serv Cos 5s 100 ... T H Indpls & E Trac Cos ss. 32 T H Trac Sc Light Cos 5s 95 Union Trac of Ind Cos 65.... 914 1214 Northern Ind Tel 9814 100 GOVERNMENT BONDS Liberty Loan Ist 3%% 98.84 99.08 Liberty Loan Ist 414 <7- 99.92 100.14 Liberty Loan 4th 41494 100.02 100.22 U S Treasury 4V4s 100.16 110.38 U S Treasury 4s 105.08 105.28 U S Treasury 3%s 102.14 102.34 XJ S Treasury 14s 97.52 97.74 —Sales—--1 Bond Indpls Street Ry 4s 63 4 Bonds Indpls Street Ry 4s 6214

Produce Markets

Butter (wholesale)—No. 1. 52 353 c; No. 2. 50@Slc. Butterfat—Lb.. 51c. Cheese • wholesale selling price per pound t American loat 33c. pimento loaf 35c: Wisconsin flat 29c. prime cream 37c: Daisy 26c; Longhorn 28c- New York (lm-berg.-r 30c Eg-** Buying prices thresh delivered t • Indtrnapolis. loss oS. 33 @ 34c. Poultry ibuvlng prices) Bens. 25® 38c: Leghorn hens 21c: 1926 springers, large breed 2 lbs and up-26c 1 to IV, lbs. 23c Leghorns. 21c: old roosters, large. 16c. small. 10013 c: ducks 16017cautneas voung 50c. old 35c: turktvs o. I 1 voung toms 12 lbs and up 3533 c: No 1 voung bens 36c a lb.: No 1 old toms. 22635 c; No. 3. old bens. 35030 • lb.

Mourning Family of Missing Child

x; -. AM*

Other Livestock Bit United Press PITTSBURGH, Feb. I.—Hogs— Receipts. 1,500; market steady: 250-350 lbs.. slo® 10.50; 200-250 lbs.. [email protected]; 160-200 lbs., $10.25® 10.70; 130-160 lbs., [email protected]; 90-130 lbs., sß® 9.75; packing sows, sß@ 8.50. Cattle—Receipts, 50: calves. 50: market steady, firm; beef steers, sll© 13.25: light yearling steers and heifers, s9® 13: beef cows. [email protected]; low cutter and cutter cows. ss@7; vealers. *14@19; heavy calves, sll® 17.50. Sheep—Receipts, 750: market weak to 25c down; top fat lambs. $17.25; bulk fat lambs. [email protected]: bulk cull lambs. $10@13; bulk fat ewes. s7@ 9.50. Bu Times Special LOUISVILLE. Feb. I.—Hogs—Receipts, 600; market 20c higher; heavy and medium hogs. 180 lbs. up. [email protected]; pigs and lights. 90 to 180 lbs.. $7.40® 9.25; light pigs, 90 lbs. down. $5.95; stags and throwouts, [email protected]. Cattle—Receipts, 100; market, steady; prime heavy steers. [email protected]; heavy snipping steers, $10@12; medium and plain steers. $8.50® 10; fat heifers. [email protected]: good to choice cows, $8.25@ 9.50; medium to good cows, [email protected]; cutters. [email protected]; canners. $4.50@5; bulls. [email protected]; feeders, [email protected]; Stockers, $6.50® 11.25. Calves Receipts. 200; market steady; good to choice. $13.50 @15.50: medium to god. sll @l3: outs, $6 @ll. Sheep—Receipts, 50; market, steady; lambs. $12.50® 13; seconds. $8.50@10:

TAX EXEMPT IN INDIANAN 50,000 Skates Shareholders Investment Corporation Capital Stock To be CAPITALIZATION Authorised presently issued Capital Stock (no par value).. „,.............. t 150,000 shares 50,000 shares THE SHAREHOLDERS INVESTMENT CORPORATION has been formed under the laws of Indiana to buy, sell, trade in or hold stocks and securities of any kind, to participate in syndicates and underwritings and to exercise such other of its charter powers as its Board of Directors may from time to time determine. The Corporation will commence business with not less than $1,250,000 in cash, arising from the sale of 50,000 shares of its capital stock to the undersigned; and as the undersigned will pay all of the expenses in connection with the organization and the issue and distribution of this stock, the above sum will be net to the Corporation. The Fletcher American Company also has an option to purchase within ninety days, up to 20,000 additional shares at $25.50 per share. The Board of Directors of the Corporation is composed only of directors of the Fletcher American Company and the Fletcher American National Bank. The Corporation has entered into a management contract with the Fletcher American Company under the terms of which that company will receive no compensation other than regular commissions where it acts as a distributor for the Corporation unless the Corporation earns annually 7% on its capital and surplus as of the beginning of the year plus appropriate adjustments for capital added during the year; in any year in which the realized net profits exceed this 7%, the company will be entitled to receive an amount equal to 20% of the net profits but only to the extent that the payment thereof will not reduce the net profits below this 7%. The requirement for the annual earning of net profits of 7% and the provision for the company’s compensation shall be cumulative. If in any year the Corporation shall fail to have net earnings of that amount, the deficiency must be made good in subsequent years before the company wiil be entitled to receive compensation for that year. The certificate of incorporation and/or the management contract contain provisions to the following effect, among others: 1. All stock now authorized or issued is of the same class, and all shares have identical rights as to voting, dividends and otherwise. 2. The stockholders, by a majority vote, may terminate the management contract at any time. If any director shall be elected to the Board of the Corporation without the approval of Fletcher American Company, the management contract may be terminated by Fletcher American Company. 3. No stockholder shall, as a matter of right, be entitled to subscribe to any additional stock of any class. The Corporation will not take over any securities now owned by the Fletcher American Company or the Fletcher American National Bank. The Fletcher American Company may deal freely with the Corporation, but in any transaction between them, ihe Fletcher American Company will accept the responsibility of the fairness of the transaction. There are no options on any unissued stock, nor has the Corporation any other agreements, except those herein referred to. I The above is subject to the more complete statements contained in 'll the certificate of incorporation and the management contract, copies I of which may be obtained from the undersigned upon request. JJ Price $27 per share This offering is made subject: to allotment or prior sale and in all respects when, as and if issued and accepted by us and subject to approval of Messrs. Smith, Remster, Hombrook & Smith and Messrs. Rappaport, Kipp & Lieber. It is expected that delivery of temporary stock certificates or of interim receipts will be made on or about February 10, 1929, at the office of Fletcher American Company, Indianapolis. BW% FleidierAmeridaiiCompani/ : Affiliated with The Fletcher American National Bane au .tatement* herein art 3 X. l .■> I official or baaed on informsDrraorr INDIANAPOLIS lOtnsvm* cioe we regard a* reliable. and while we do x guaranRegistered Dealer Indiana Securities Commission Certificate No. * *Ha ve'acted v ■ j, the purchase and value tioa of thi *

Back Row (left to right)—Fred Dierdorf; Milburn, 18; Charles, 18 months, and Mrs. Dierdorf. Front Row (left to right)—l'red Jr., 4; Helen, 13; Pauline, 16; Wilma, 15; Richard, 2, and Edwin, 6.

One face is missing from this picture of Mr. and Mrs. Fred Dierdorf and their family, West Terre Haute —the face of Edith Mae, 10, missing since Sunday, when she left home to attend Sunday school and carry a newspaper route. The little girl is the object of a search without precedent in western Indiana’s history, between 500 and 600 men being engaged, aided by aviators and radio.

sheep, $4®,6. Thursday’s shipments: Cattle, 32; calves, none; hogs, none; sheep, none. Bn United Press CINCINNATI, Feb. I.—Hogs—Receipts, 1.600; holdovers, 840; market, steady; 250350 lbs.. $9.25@10; 200-250 lbs.. [email protected]; 160-200 lbs.. [email protected]; 130-160 lbs., $9.50 @10; 90-130 lbs.. [email protected]; packing sows. [email protected]. Cattle—Receipts, 400; calves. 250; market, steady; beef steers, s9@l2; light yearlings steers and heifers. $9.50@

12.50; beef cows. *7.50®9; low cutter and cutter cows, [email protected]: vealers. sl4® 18; heavy calves. s9®l4. Bheep—Receipts. 125. market, weak to 50c down; top fat lambs. $17.50; bulk fat lambs. sls@T7: bulk cull lambs. $10@14; bulk fat ewes. *6@9. B.u United Press EAST BUFFALO. Feb. I.—Hogs—Receipts, 3,400; holdovers. 200; market, slow, 10c down; 250-350 lbs.. *[email protected]; 200-250 lbs., $10.15® 10.40; 160-200 IbS.. $10.15® 10.40; 130-160 lbs., $9.256 1.40: 90-130 lbs.. [email protected]; packing sows. $8 50@9.' CattleReceipts. 250; calves. 600; market, weak 50c down; market, steady: bee? steers, $lO [email protected]; light yearling steers and heifers. [email protected]; beef cows. [email protected]; low cutter and cutter cows, $4.75®6.75; vealers, $18.50®19. Sheep—Receipts, 4,800: market. 25c down; top fat lambs. $17.35; bulk fat lambs. sl7@ 17.25; bulk cull lambs. [email protected]; bulk fat ewes. [email protected]. Bjt United Press FT. WAYNE. Feb. I.—Cattle—Receipt*. 75; calves. 75; hogs. 500; sheep 200; market. 15c to 25c higher: 90-12) lbs., $7.80; 120-140 lbs.. sß@9; 140-16 U ibs., $9.25: 160-180 lbs., $9.60: 180-200 lbs.. $9.75: 200-225 lbs.. $9.65; 225-300 lbs.. $9.50; 300400 lbs.. $9.15; roughs. $8; stags, $6; lambs, $15.50; calves, $17.50.

Local Wagon Wheat

City grain elevators are paying $1.32 for No. 2 red wheat and $1.17 for No. 2 hard.

.FEB. 2. 1929

EXPECT 200,000 AT INAUGURAL Giant Radio Hookup Ar ranged for Ceremony. Bu United Ptess WASHINGTON, Feb. 1. With inauguration day little more than % month away, the nation’s capital is preparing to receive the 300.000 guests who are expected to see Herbert Hoover take his oath of office March 4. Four thousand persons saw Calvin Coolidge inaugurated in 1924. Reviewing stands to seat 28,000 along the line of march from the White House to the capitol are under construction. Washington’s leading hotels already are booked to capacity. Each mail brings the inaugural committee reservations for the charity ball at Washington auditorium the night of Inauguration day. Preparations for the most extensive radio “hook-up” in history are being made. Combined networks ot the National and Columbia broadcasting chains, co-operating with independent stations, will carry a reportorial account of the parade and the speeches of PresidentElect Hoover and Senator Curtis. Powerful short-wave stations will speed descriptive words of the ceremonies even to foreign countries. Also a television broadcast of the inaugural scene is being considered by radio engineers and the committee. 25 Acre* of Ice for Skaters Bit Times Special CONNERSVILLE, Ind., Feb. 2. Twenty-five acres of four-inch ice is offered free for use of skaters by George M. Fries, farmer near here. The ice formed after a field on the farm became flooded during recent rains, followed by a sudden drop in temperature.