Indianapolis Times, Volume 40, Number 250, Indianapolis, Marion County, 8 March 1929 — Page 28

PAGE 28

LOAN INCREASE FAILS TO HOLD STOCKSPLUNGE Isssues Drop Sharply Under Heavy Pressure; Trading Light.

Average Stock Prices *

Average of twenty Industrials Thursday was 308.39. up 3.23. Average of twenty rails was 155.50. up .58. Average of forty bonds was 95.32. up .14. BY ELMER C. WALZER United Press Financial Editor NEW YORK, March B.—The increase of $140,000,000 In brokerage loans reported after the close of the market last night was not favorably received by Wall Street and renewed pressure was in evidence against speculative leaders in early stock market trading today. Sharp recessions from Thursday’s closing levels were established by pivotal issues like New York Central, Hudson, American Can, Goodyear and General Electric. The latter issue dropped 4% points, to 231, but recessions elsewhere were generally held to small figures. The increase in brokerage loans emphasized the credit uncertainties and more than offset the good news of the retention of the 5 per cent local rediscount rate. Commission houses continued to send out beirish advices and the entire market was extremely heavy during early trading. Radio, which was the leader of Thursday’s forward movement, broke sharply, losing 8% points to 3981 i, while the new stock lost 1% points to 8114. Johns-Manville was also weak, losing 3% points to 186. Steel, General Motors and other high grade issues, however, were afforded strong support around the opening levels. Other recent leaders like New Haven. Erie and Kennecott were also supported at small recessions, and a slightly better tone developed in the market after the early outburst of selling. Anaconda was again under pressure, opening 214 points lower at 156. on a sale of 8,000 shares. Chrysler was heavy, losing 214 points to 105% on a sale of 5,000 shares. Sinclair was firm after sustaining a fractional loss. Selling was accomplished by reports that Colonel Stewart would be elected head of the concern. Shortly after the opening, further strong buying came into Radio. The issue rallied four points from its initial low. Proportionate recoveries from their early lows were also made by other leaders, among them Steel common, Erie and United States Rubber. However, advances in these issues were stubbornly resisted by bearish professionals and improvement in prices brought out many large offerings of stocks.

Banks and Exchange

Citr bank clearings fignres, as Riven in The Times daily, are checked carefolly rid always are correct. barring possibility of typographical errors. INDIANAPOLIS STATEMENT Indianapolis. bank clearings Friday, March 8. $3,482,000; debits, $7,015,000. NEW YORK STATEMENT B)' United J’rentt . NEW YORK. March B.—Bank clearings, $1,641,000,000; clearing house balance, $138,000,000 reserve bank credit balance, $113,000,000. TREASURY STATEMENT Bv United l'rexx WASHINGTON, March B.—The treasury net. balance for March 6, $52,061,367.61; customs receipts to that date, $10,497,.730.31.

In the Stock Market

(llv Thomson & McKinnon) NEW YORK, March B.—Several reasons are advanced for the wholly unexpected increase in brokers’ loans, the most logical one being that securities have undoubtedly been coming from strong boxes and going into marginal accounts. The fact that loans are now practically at the point which prompted the federal reserve board’s warning of Feb. 7, and coming at a time when one of the framers of the federal reserve act has seen fit to take the central bank authorities to task for not boldly checking what he terms an orgy of speculation, is a matter for serious thought. Now that the success of the government financing is assured, it would occasion no surprise if the federal reserve authorities further tightened the purse strings.

Produce Markets

Butter (wholesale)— No. 1. 52054 c: .'to 3, 51®52c ButterfaL Lb.. 51052 c. Cheese (wholesale selling price per poundi—American loal. 38c: pimento loaf 35c: Wisconsin flat 29c: prime cream 27c: Daisy 25c: Longhorn 26c: New York Urn k*lsSs- "Buying prices: Fresh delivered nt .Indianapolis, loss off. 26('/28c. Poultry (buying prlcesi- Hens. 260 27c: Leghorn hens 21<K23c; 1926 springers large breed. 2 lbs. and up 35c; 1 to lti !bs. 33c: Leghorns. 21c: old roosters large 12@15c: small 10013 c: ducks. 16ff? 17c: spring guineas. 30c: turkeys. No 1 voung toms. 12 lbs. and up. 35038 c No. 1 voung hens, 35c a lb.: No. 1 old toms. 22025 c: No 2 old hens 20®30c -> lb. TAKES LAMONT’S PLACE Baldwin Locomotive Director Returns to Board. By United Press PHILADELPHIA. Mhrch B—Arthur W. Cutten today was back on the board of directors of the Baldwiri Locomotive Works. He succeeds Robert P. Lamont, who resigned to become secretary of commerce. Lamont was elected recently to fill Cutten’s place when he resigned. SHIRT SHOP IS LOOTED Thieves Get SIOO Merchandise; Grocery Store Robbed. Thieves entered the National .Vhirt shop at 20 North Pennsylvania street Thursday night by breaking side window and stole merchandise valued at SIOO. police were told. Groceries valued at about $125 were taken from a Kroger grocery at 1547 Roosevelt avenue by thieves who forced open the rear door.

New York Stocks

“(By Thomson & McKinnon) *

—March 8— Railroads— Frev. High. Lot. 12:00 close. Atchison 201% 200*4 200% 201 Balt ii Ohio ...132 130% 131V* 131 t 'b Canadian Pac ..247 246 247 247% Chesa & Ohio 217 221% Chesa Crop ... 84% 84% Chi & N West 89 Cki Grt West 20% 20 C R I & P 130% 132?4 Del & Hudson 129% 194 Del & Lacka 130% 129% Erie 74 74% 75 Erie Ist pfd 62% Grt Nor ... 111% 111 Central ~ ... 142 141% Lehigh Valley 115 Kan City South 88% Bb% 88% ... M K & T 50 48%. 49 % 49% Mo Pac pfd ...133>4 13254 18154 134% N Y Central ..191% 19054 191% 192% N Y C & St L 133 VI N Y N H & H.. 905a 89% 90 90 Nor Pacific 11054 108% 11054 111% Norfolk * West 194% 193% 193% 195 O & W 29 7 /a Pennsylvania .. 77 54 77 54 77% 77 P & W Va 137 Reading 109 54 Southern Ry 148% 148% Southern Pac 13 154 130 54 St Paul 3654 36 36 37% St Paul pfd ... 58% 58% 58% 59% St L <te S W 107 St L & S F 114 116 Texas & Pac 17354 Union Pacific 224% 226 West Maryland. 48% 47 47% 4854 Wabash 70% West B C ... 37% 37% Robbers— Ajax 954 954 9% 9% Fisk 16% 1654 16% 1654 Goodrich 93% 9254 93 95 Goodyear 129% 12754 128% 131 Kelly-Spgfld ... 20% 20 20 20 Lee 2054 United States ..60% 59% 6054 62% Equipments— Am Car & Fdy ... 96 Am Locomotive 10754 106-% 107 10754 Am Steel Fd... 69 68% 69 6954 Am Brake 5554 55 General Elec ..234 23154 233 235% Gen Ry Signal..los% 104 54 1 0454 105% Gen Tank 9154 91 91 90% N Y Air Brake.. 48 47% 48 48 Pressed Stl Car. .. ... 2054 2054 Pullman 82 8154 Westlngh Air B 5154 50.54 51% 5054 Westlngh Elec ..15254 150% 15154 153 Steels— Bethlehem 99% 9854 98% 10054 Colorado Fuel ...76% 7554 75% 7iv-, Otis ... 45 44% 45 4454 Gulf States Stl. 27 Inland Steel 90% 92% Crucible 88 87 % 88 88 Rep Iron & Stl. 93% 92% 92% 9354 U S Steel 18354 182% 183;s 1845* Alloy 47% 46% 46% 47% Youngstwn Stl.. 11l 11054 111 }1?- 2 Vanadium C0rp.,104% 103 103 104 Motors— .. c „ Am Bosch Mag. 56 55% 56 57 Briggs 48% 47% 48 48/s Chrysler Corp ..10754 105% 106% 707% Eaton Axle • ••, ?2 /8 Graham-Paige .. 4754 4752 47% 47 Gabriel Snbbrs.. .. ... 2654 27 General Motors. 80% 79% 754 80^* Hudson 88% 87% 88 4 88 a Hupp 7154 70% 7154 7154 Tr.rrinn ... ... 10/a Marmon 7454 7354 7354 74% Reo tln ' Pa " V . .V. 2954 2954 *2954 29% Na°sh r ™??..7.16% i06% 106% 10754 Packard 137% 136% 136% 130 Pperless •• ••• ••• 19/8 Pierce Arrow .. 32% 32% 32% 3254 Studebakcr Cor. 87 54 86 54 8 7 88 Stew Warner ...135 134 134 135 4 Murray B 75% 74 74 74% Timken Bear ... 8154 8054 81% 81/* Willvs-Overland. 30% 29% 30% 30% Yellow Coach .. 39% 39 54 39 % 40% White Motor 50 50% AmSmltl Rf 5.115% 115% 11554 115% Anaconda Cod ..158% 155% 157% 158% Calumet &H .. 56 55% 55% 5654 Andos 62% 61% 62% 62 Chile Copper ...114 113'% 114 111% Greene Can Cop • • ••• 176% 177 4 Inspiration Cop. 62 60% 61% 614 Int Nickel 6254 6154 61% 62% Kennecott Cop. 93% 94% 94% 95 Magma 74% 7452 7454 75 Nev Cons 58% 585a 58% 58-t Texas Gulf Sul. 72% 7254 7254 73 4 U S Smelt 67 66% Atlantic Rfg ... 57% 55 57% 5554 Freeport-Texas 45 4j Houston Oil .... ... 8054 Ir.dp Oil & Gas. 31% 30% 31% 31 Marland Oil 4054 33 39% 38 Mid-Cont Petrol. 32 3154 32 31 Lago Oil & Tr.. 28% 28% 2854 29 Pan-Am Pet 8.. 4454 4254 44*4 42% Phillips Petrol .. 3854 3754 3854 37% Frairie Oil 59 5854 5 9 58% Union of Cal 4854 ... Pure Oil 24% 24% 24% 23% Royal Dutch „ 52% Shell 26% 2654 26% 26% Richfield 42 V 4 4054 4254 40% Sinclair Oil 3854 3754 38% 38 Shelly Oil 34 54 3 4 3 4 33 54 Std Oil Cal 67% 6654 6754 6654 StU Oil N J 48% 49 48% 49 Std Oil N Y 3954 3 854 39 % 38% Texas Corp .... 58 57% 58 5834 Transcontl 954 9 54 9 54 954 White Eagle .... 36% 36 36% 3654 Industrials— Ad 7 Rumcly 69 6854 Allis Chalmers. .181 180 180 178 Allied Chemical.2B6 282% 282% 287 Armour A 1434 14% 14% 1554 Amer Can 117% 11554 116% 117% Alaska J 7% 754 Cxosley 10934 106 109 10654 -Am Safety Raz .. ... 67% 6954 Am Ice 40% 4054 Am Wool 20 2054 Cu’tiss 153 154 Coca Cola 13254 132 13254 13154 Conti Can 70 69 54 7 0 7 0 Certainteed ... 22% 2254' Congoleum 27% 27% 2734 2754 Davison Chem .. 63% 625* 63% 62 Dupont 182 181% 18154 180 Famous Players. 6454 6334 643-4 64 Fox A 92 90% 92 91 Gold Dust 70% 6954 7084 70% Glidden 4154 41% 4134 41% Link Belt 54 53 84 535-4 54=4 Int Harvester .... ... 107 Lambert 14054 140 14034 140% Loews 73% 73 7354 7354 May Stores 94 93 Montgom Ward. 1283* 126% 127 12954 Natl C R 125 12254 124 126% Owens Bottle 90% 90% Radio Keith 36 34% 36 35 Real Silk 77 7654 7654 7854 Rem Rand 3234 32 32 32 Sears Roebuck .15454 154% 154 54 1 5554 Union Carbide ..211 209% 210 21154 Victor 16254 16054 16254 1603* Univ Pipe 1754 U S Cs Ir Pipe 44 44% U S Indus Alco 141 13934 140% 141 ta Wright Aero ... 270 Warner Bros 11784 11654 11654 11734 Utilities— Am Tel & Tel. .21354 213 213% 213% Am For Power.. 108 106 107% 10954 Am Wat Wks.... 87 86 87 88 Brklvn-Manh T 7534 Col G & E 145 14454 145 144’ . Consol Gas 10734 10554 10754 10754 Elec Pow & Lt.. 61 60 60% 61 Interboro 70 54 50 5 4 50 '<4 50% Nor Am Cos 10174 104% Natl Power 5654 5554 56 % 56% S Cal Edison ... 60 60V> Pub Serv N J 83 74 83 % 83 54 84% Std Gas & El.. 88 87% 87 74 88 Utilities Power.. 45 44% 45 45 West Union Tel 21654 21974 216% 21054 Shinning— Am Int-1 Corp.... 6434 6454 64% 6554 Am Ship & Com . ... 5 5 Inti Mer M pfd.. 40 39% 39% 40 United Fruit 142 Foods— Am Sug Rfg 81 81 Kroger 109 104% 105% 103% California Pkg ... 75% Corn Products.. 84% 84% 8454 84 1 - Cudahy 58% Cuban Am Sug 12 Flelschmann Cos. 73 7272% 7334 Jewel Tea 149 Kraft Cheese 35 3534 Grand Union c 2554 25% Grand Union pfd . . . . 49 49 Natl Biscuit 179% 179% 179% 179% Natl Dairv 130% 129% 129% 130% Postlim Cos 7034 7054 7055 7134 Ward Baking B 13% 133a 13% 13% Tobaccos— Am Sumatra... . 49 Am Tob IB) ... 174% 173 Con Cigars 90% 9034 General Cigar.. 6874 68=4 68% 68% Lig & Myers.... 90% 90 9 0 90H Loriliard ..* 24% 24% R J Reynolds 583 * 59 54 59 % 60 Tob Proa IB).. 96 97 United Cigar St . . ... 22% 22*1 Schulte Ret Strs 30% 30% 30% 3054 Building Permits M. Dftton, dwelling and garage. 749 Luett. $3,200. E. C. Stout, dwelling. 1145 Haugh, $1,400. E. C. Stout, dwelling, 917 North Belmont. $1,400. E. C. Stout, dwelling. 1401 Rembrandt. $1,400. F. J. Geiger, remodel. 5 South Rural. $1,200. J. Arnold, garage. 950 Graham. S2OO. O. Hughes, repair. 2349 North Western. SB6O. Sears Roebuck & Cos., building. Vermont and Alabama. $350,000. W T . H. Insley. repair. 445 North Audubon. $2,500. R. Collier, addition. 1233 Edgemont. SSOO. E. C. Townsend, building. 8 North Sheridan. $2,500. C. Gorbet. shed. 521 North Elder. S4OO. J. Melvin, boiler. 2624 East Washington. SBOO. J. A. Painter, garage. 201 East Thirtythird. $325. S. D. Sample, dwelling and garage. 702 South Sherman drive. $2,500. S. D. Sample, dwelling and garage. 700 South Sherman drive. $2,500. S. D. Sample, dwelling and garage. 710 South Sherman drive. $2,500. S. D. Sample, dwelling and garage. 714 South Sherman drive. $2,500. S. D. Sample, dwelling and garage. 718 South Sherman drive. 52.500. S. D. Sample, dwelling and garage. 726 1 South Sherman drive. $2,500. S. D. Sample, dwelling and garage. 722 South Sherman drive. $2,500. J. H. Orne. dwelling and garage, 617 North Denny, $4,800.

HOG MARKET GENERALLY TWO WAYJNYARDS Underweight Pigs 50 Cents Higher; Weighty Hogs Lower. March 1. 11.40911.60 11.60 6,500 2. 11.40611.60 11.70 3.000 4. 11.75 11.85 3.000 5. 11.85 12.00 4,500 6. 12.00 * 12.00 7.000 7. 12.15 12.25 6.000 8. 11.756 12.00 12.25 6,000 The hog market was mostly a twoway market today at the local stockyards. Hogs of 160 pounds and up were largely 40 cents lower, and the underweights were mostly 50 cents higher. The bulk of 130-250 pounds, brought $11.75 to sl2. The extreme top paid for $12.25. The cattle market was steady. Beef steers were selling all the way from $10.50 to sl3. Vealers were steady selling mostly $lB down. The top paid was $18.50. Lambs were strong, with top westerns bringing $17.25. Native lambs brought $16.50 down. The Chicago hog market opened slow to 25 to 40 cents lower than Thursday’s best prices, or 15 to 25 cents lower than Thursday’s average. Few loads of choice 170-280 pound weights sold at $11.50 to $11.60. Numerous loads held higher. Receipts were 25,000, including 5,000 directs, and holders totaled 13,000. Cattle receipts were 2,000. Sheep receipts were 11,000. Hog prices today were as follows: 250-350 pounds, sll to $11.75; 200= 250 pounds, $11.65 to sl2; 160-200 pounds, $11.75 to sl2; 130-160 pounds, $11.75 to $12.25; 90-130 pounds, $9.25 to sll, and packing sows, $9.50 to $lO. Cattle recepits were 700; calf receipts were 900; beef steers, $10.50 to sl3; beef cows, $7.50 to $9.50; low cutter and cutter cows, $5.50 to $7; vealers, $17.50 to $18.50; heavy calves, $7 to sl2, and bulk stock and feeder steers, $7.50 to $10.50. Sheep receipts were 400: Top fat lambs, $17.25; bulk fat lambs, sls to $17.25; bulk cull lambs, $10.50 to sl3, and bulk fat ewes, $7.50 to $lO. —Hogs— Receipts, 6,000; market, irregular. 250-350 lbs [email protected] 200-250 lbs 11.656 12.00 160-200 lbs 11.756 12.00 130-160 lbs 11.75612.25 90-130 lbs 9.25611.00 Packing sows [email protected] -CattleReceipts. 700; market, steady. Beef steers [email protected])0 Beef cows 7.50 @ 9.50 Low cutters and cutter cows.. 5.50@ 7.00 Bulk stock and feeder steers.. [email protected] —Calves— Receipts, 900; market, steady. Best veals [email protected] I Heavy calves 7.00® 12.00 —Sheep—- ' Receipts, 400; market, higher. Top fat lambs $17.25 Bulk fat lambs 15.00® 17.25 Bulk cull lambs 10.50® 13.00 Bulk fat ewes [email protected] Other Livestock Bit United Press CHICAGO. March B.—Hogs—Receipts, 25,000; market, opened 25 to 40c lower; later trade largely 50 to 75c lower; big packers bidding $lO lower, compared to Thursday’s best time; top, $11.65 paid for a few loads of 170-210-lb. weights; butcher, medium to choice, 250-350 lbs., $10,856.11.50; 200-250 lbs., $10,856:11.65; 160-200 lbs., $10.60611.65; 130-160 lbs., $10611.60; packing sows, slo® 10.50; pigs, medium to choice. 90-130 lbs., $8.506 10.50. Cattle—Receipts. 2,000; calves, 1,000; steady to strong market on most killing classes'; scarcity a strengthening factor; lower trades predominating: best weighty steers, 13.50; yearlings, $13.35; slaughter classes, steers, good and choice, 1300-1500 lbs., $12,756:14.50; 1100-1300 lbs.. $13614.75; 950-100 lbs., $134: 14.75: common and medium. 850 lbs., $96 13.25; fed yearlings. 1 good and choice, 750-950 lbs., 513.256 15; heifers, good and choice. 850 :bs. down, $11.756 13.75; common and medium. $8.50 612; cows, good and choice. $96:11; common and medium. $369; low cutter and cutter. $5.7567; bulls, good and choice, beef, $9,406 10.50; cutter to medium. sß® 9.40: vealers, milk-fed. good and choice. $15617.50; medium. $13.25615; cull and common. $7613.25; Stocker and feeder steers, good and choice, all weights, sll® 12.25; common and medium, $8,756.11. Sheep—Receipts. 11,000; active, strong to 25c higher market; bulk fat lambs, $16.75 @17.40: early top, $17.50; fat ewes at $9.50 down; feeding lambs, steady; lambs, good and choice. 92 lbs. down, $16.40617.65; medium, $156 16.50; cull and common. $11.25615; ewes, medium to choice. 150 lhs. down, $8.256 10: cull and common. $3,756 3.40; feeder lambs, good and choice, $14,506,16. Bn Times Special LOUISVILLE. March B.—Hogs—Receipts, 1000; market, 10c lower, heavy and mediums hogs, 180 lbs. up, $11.25®11.75; pigs and lights. 90 to 180 lbs., $8,306.10.55; light pigs 90 lbs. down: stags and throwouts, $7,906 3.50. Cattle —Receipts, 300; market, steady; prime heavy steers, sll6 12; heavy shipping steers, $10611; medium and plain steers. $8.50 6 9.50; fat heifers, $7.50® 12: good to choice cows. $8.506 9.50; medium to good cows. $6.50®8.50; cutters. $5.50 6 6.50: canners. $56 5.25; bulls. $76: 9.50; feeders. $8.50 6 10.50; stockers. $6.50 610.50. Calves —Receipts. 300; market, steady, fancy calves, $11.50; good to choice. $136 i5; medium to good, s9® 11.50; outs, 9 down. Sheep—Receipts. 50; market. steady; lambs. $13%15; seconds, $8.50 612: sheep. $6 6 7.50. Thursday's shipment: Cattle, 55; calves. 120; hogs, 382; sheep, none. Bu United Press CINCINNATI. March B.—Hogs—Receipts, 25,000; holdovers. 855; market, steady to 25c lower; 250-350 lbs.. $11.35611.85; '2OO- - lbs.. $11.75 612: 160-200 lbs.. $11,456 12; 130-160 lbs.. $10,656:11.75; 90-130 lbs., [email protected]: packing sows. $9,256:10.25. Cattle—Receipts, 200: market, steady; veals steady, to 50c lower: beef steers. $lO6 12.50: beef cows. $7.50 6 8.50: vealers. sl2 6 17.50. Calves—Receipts. 350; light yearling steers and heifers. $10.506 12.50: low cutter and cutter cows, $5.506 7; heavy calves. $9.506 13.50. Sheep—Receipts, 75: market, steady; top fat lambs, sl7: bulk fat lambs, $15616.50: bulk cull lambs, $lO @l4; bulk fat ewes. $468.50. Bn United Press EAST BUFFALO. March 3.—Hogs Receipts. 1.300: holdovers. 400: market 256. 35c lower: 250-350 lbs.. $11,506 12.25; 200250 lbs., $11.85® 12.30; 160-200 lbs., $11.85 6 12.30: 110-160 lbs.. 511.25612.25; 90-130 lbs.. $10.75611.50; packing sows. $10.25® 10.75. Cattle—Receipts. 100; calves. 400: market 25c up: market steady; steers. sll 613.25; light, yearling steers and heifers, $12®13.75: beef cows, $8.5069.75; low cutter and cutter cows. [email protected]: vealers. $lB6 18.50. Sheep—Receipts, 3.000; market steady; bulk fat lambs. $17.25617.85: bulk cull lambs. $10.50613.75; bulk fat ewes, [email protected]. v. Bit United Press FT. WAYNE. March B.—Cattle—Receipts, 100; calves. 75; hogs. 400; sheep. 200; market steady to 80c lower; 90-120 lbs., $9; 120-140 lbs.. $10; 140-160 lbs.. $10.75; 160180 lbs.. $11.25; 180-225 lbs., $11.40: 225275 lbs., $11.25; 275-325 lbs.. $11.10; 325400 lbs.. $10.75: roughs, $9.75; stags. $7.25; calves. sl7: lambs. sl6. Bit United Press PITTSBURGH. March 8— Hogs Receipts, 1,500; market 106 15c down; 250350 lb*., [email protected]: 200-250 lbs.. $126: ‘ 12.50; 160-200 lbs.. $12,256 12.50: 130-160 lbs.. $11.506 12.50 : 90-130 lbs.. slo® 11.75; packing sows. slo® 10.50. Cattle—Receipts, none; calves, 25; market steady to 50c up; beef steers, $11613: light yearling steers and heifers. $9.506 12.50; beef cows, $7.50 @9.50; low cutter and cutter cows. $597; vealers. $1.5619.50; heavy calves, sll® 17. Sheep—Receipts. 750: market steady: top fat lambs. $17.75: Walk fat lambs. $15,506 17.50; bulk cull lambs, $10@14; bulk fat ewes. $76 9.50.

Local Wagon Wheat

City grain elevators are paying sl-21 for No. 2 red wheat and sl.ll for No. 2 hard.

THE INDIANAPOLIS TIMES'

Commission Row

PRICES TO RETAILERS FRUITS ! Apples—Box Delicoius. $3.50@4; box Stavman, 52.5052.75; box Rome Beauties, 52.75@3; bushel Stavman. $2.25; bushel Jonathans. $2 2562.75; Kings, $6.50@7 a bbl.: Greenings, $6.50 @7 a bbl.; Stayman, $66,6.50 a bbl.; Rome Beauties. $5.50® 6.50 a bbl. * Cocoanute—ss.so<@6 a bag of 100. Cranberries—s3.so a 25-lb. box; $7 a 50lb. box. Grapes— Aimeria. keg, $6. Grapefruit—s3@4; Texas. $4.50. Lemons—California, a crate, [email protected]. Limes—Jamaica, 100 by count. $3. Oranges—California naval a crate. [email protected]. Pears—Bose, box, 54.50; Anjan. $4.75. Strawberries—Florida, 40c a quart. VEGETABLES Artichokes—sl.7s a dozen. Beans —Southern stringless. [email protected] a hamper. Cabbage—Wisconsin, a lb., 3@3%c: Texas, new cabbage, s3®3%c lb. Cauliflower —California. [email protected]. Carrots—California; 90c a dozen punches Celerv—California rough, a large crate $696.50; Florida. 52.25®3 a crate. Eggplant—Dozen. $2. Kale—Virginia. $2.50 a bbl. _iettuce—California bead, a crate 54.50 @5; home-grown leaf a bushel. $1.50. Onions—Yellow, a 100-lb. bag. $6.00 Spanish, a crate $3.50: Western. $6 a 100-ib. bag. . Parsley—Home-grown, dozen bunches 50c. Peas—California, $6.50 45-lb. box. Peppers—Florida, per crate. $4.50: peck baskets. $2. , ... Potatoes—Michigan round white. 150 ;bs„ [email protected]: Ohio. [email protected]: Idaho *2.50 a iiae. . Radishes Button hothouse. cozen bunches. 90c. . . Spinach—Texas, a bushel, Sweet Potatoes—lndiana Jersey. $3 a bushel; No. 2. $1.75 a bushel. HUNT l ON LAKE Two Men and Woman Drifting in Fishing Boat. Bn United Press CHICAGO, March B—A squadron of naval planes, acting with coast guard rescue units, continued their search today for two men and a woman believed to be dirfting in an open boat in the ice floes of Lake Michigan. The persons sought are L. Jensen, 28, and his wife, Anne, 21, and his brother, Charles L. Jensen, 21. The trio, operating a small fishing boat, set out from Waukegan, 111., Wednesday morning to lay their nets off the Kenosha fishing banks.

Indianapolis Stocks

—March 8— —Stocks— . Bid. Ask. American-Central L Ins C0...800 ... Belt R R & Yds Cos c0m..... 68% .<1 Belt R R & S Yds Cos pfd 58 63 Central Ind Power Cos pfd ... 93% 95 Circle Theater 105% Cities Serv Cos com 119% ... Cities Serv Cos pfd 96% Citizens Gas Cos com 33 40% Citizens Gas Cos pfd 98 102% Commonwealth L Cos pfd 100% ... Equitable Sec Cos com Hook Drug Cos com 40 Horuff Shoe Corp com 1? Ind Hotel Cos Claypool c0m.,.120 Ind Hotel Cos pfd 101 ... Ind Serv Corp pfd 90% ... Indpls Gas Cos com .58 61 Indpls & Northwtn Tr Cos pfd 5 ... *lndpls P& L pfd 103 100 Indpls P & L Corp pfd 105 Indpls Pu Wei L Assn com.. 48 Indpls St R R Cos pfd 33 35 Indpls Wa Cos pfd .......... .100% 103 Inter Pub Serv Cos pr 11 pfd.. 103 106 Interstate Pub Serv Cos pfd... 94 98% Merchants Pub Utii Cos pfd. -.101 Metro Loan Cos 100 Northern Ind Pub S C pfd 7s. 109 111 Northern Ind Pub S Cos pfd 65.100 102% Prog Landry Cos com 46 50 E Rauh & Sons Fert Cos pfd... 50 Real Silk Hosiery Cos pfd 100 Standard Oil Cos of Ind 89 T H Indpls & E Tr Cos com T H Indpls & E Tr Cos pfd.. 7 T H Trac & L Cos Did 94 ... Union Trac Cos c0m...., % Union Trac Cos Ist pfd 1 . Un Trac Cos 2nd pfd % Union Title Cos com 47* 2 5o V Camp Prod Cos Ist pfd 98 100 V Cp Prod Cos 2nd pfd. ...... 92 “Extra dividend $1.62%, —Bonds— Bid, Ask Belt R R & Stock Yards Cos 4s 88 Broad Ripple Trac Cos 5s ... Central Indiana Gas Cos 55.... 98% ... Central Ind Power Cos 65.... 100 Chi S B <& N Ind Ry Ist 5s Citizens Gas Cos 5s 101% ... Citizens Street Railroad 55... 82% 85% Garv Street Ry Ist 5s 85 90 Home T & T oi Ft Wayne 65.103 Indiana Hotel Cos 5s 100 Ind Northern Trac Cos 5s ... < Ind Hallway & Light Cos 55.. 97 Ind ana Service Corpn 5s ... 91 Ir.upls Power & Light Cos 55.. 98 100 Indiana Cnion Trac Cos. 6s. 1 ... Indpls Col & So Trac 6s. 99 102 Indianapolis Gas Cos 5s 99% ... Indpls & Martinsville T Cos 5r 16 Indpls No Trac Cos 5s 9% Indpls & Northw’ern T Cos 5s 16 Indpls Street Ry 4s 62 64 Indpls Trac &. Terminal Cos 6s 95% 96-.* Indpls U Rv 5s J 1965. A & 8.101 Indpls W Cos lien & ref 5s Ist 96 Indpls Water Cos 4%s 95 97 Indpls Water Cos 5%s 1953... 102% 104 Indpls Water Cos 5%s 1954.. 102% 104 Interstate Pub Serv Cos 4%s .. 88% ... Interstate Puolic Service Cos bs 96Ji .. inter Pub Serv Cos B 6%s ..104 No Ind Pub Serv Cos 5s 100 T H Trac & Light Cos 5s 93 T H Trac Light Cos ss. * 95 Union Trac of Ind Cos 6s 11 Northern Ind Tel .. .. 98*/3 100 Northern Ind Tel Cos 6s 1931.. 98% 100 —Government Bonds— Liberty Loan 3%S 97.79 97.96 Liberty Loan Ist 4%s 99.26 99.46 Liberty Loan Cos 4s 99.50 99.70 U S Treasury 4s 107.40 107.60 U S Treasury 3*/*s 99.60 99.80 U S Treasury 3*eS 96.50 96.70 —Sales— • 20 shares Belt R R & Yds Cos c0m.... 69 1 Citizens Street Railroad 5s 83 2 Citizens Street Railroad 5s 82% 1 Citizens Street Railroad 5s 82 1 Citizens Street Railroad 5s 81% 1 Citizens Street Railroad 5s 81% 1 Citizens Street Railroad 5s 81 1 Citizens Street Railroads 5s 80% 2 Citizens Street Railroad 5s 80%

The City in Brief

Colonel W ilbur Stone, president of the British Historical Society, will address the .North Side Lions’ Club Monday noon in the Columbia Club. Colonel Stone is en route to San Francisco. The English Avenue Mothers’ Club will give a card party Saturday night in the club house, 1400 i English avenue. Willie Jackson, 716 Darnell street, and Joe Degraffenried, 752 Indiana avenue, second offenders, and William Harrison, 754 Indiana avenue, Negroes, arrested Thursday on liquor charges, were held to the federal grand jury by John W. Kern, United States commissioner. Bond for Jackson and Degraffenried was set at $4,000, while Harrison's bond was SI,OOO. Marriage Licenses Clarence Shafer. 21. of 1727 Woodlawn. spring maker, and Mattie Buckhelsyer. 18 of 20 West Hampton drive, housekeeper. Sam Cohen, 21. of 1030 South Hlinois, salesman, and Ethel Clark, 22. of 3546 North Illinois. Alfred Schwartz, 29. Hotel Edward, business. and Dora Peale. 22. of 322 East Morris. saleswoman. Ernest Sickle. 22. of 715 Park, chauffeur, and Ethel Ranke. 18. of 1459 Roosevelt. Roy Cox. 23. Junction City. Ky.. farmer, and Myrtle Tucker. 18/ of 2014 Morton. Chester Raymer, 27. of 438 West Washington. driver, and Madaline Vance, 20, of 708 North Illinois, clsrfc. NEW YORK COFFEE RANGE —March 7 High. Low. Close. January 13.94 March 13.62 13.60 13.62 May 15.70 15.63 15.65 July 14.82 14 80 14.82 September 14.35 14.33 14.33 December 14.03 13.87 13.98

BAILEY SPEAKS AT SOCIETY’S FIRST SESSION World Relation Group Is Formed at Indiana Central College. Attorney R. L. Bailey was the principal speaker at the initial meeting of the World Relation Society, established this week at Indiana Central college. The society will deal with questions and problems, in forum discussions, that have to do with establishment of harmonious relationships between all race groups. “Tragedy of Race Prejudice” was the subject of Bailey’s address. J. Carmody, president of the society, announces that the list of speakers to be heard before the close of the term is to include Albert Stump, Rabbi Feuerlicht and F. R. Reavis, successor to Dr. Howard E. Jensen at Butler college. “Attucks Day” will be the program at the Y. Mr C. A. Sunday. The program is to become an annual affair, participated in by representatives of the several departments of the school. Sunday’s program wall include addresses by Russell Lane, English department; Miss Iva Marshall, department of history; J. Harold Brown, music department, and Mathias Nolcox, principal. Glee Club on Program Special features will include music by the Attucks Glee Club and quartet. Both men and women are invited Sunday. The Progressive Needlecraft Club will meet today wdth Mrs. Julia Reed, 1935 Bellefontaine street. Election of officers is to be held. Present officers are Mrs. William E. Mack, president, and Mrs. Henry E. Dunn, secretary. Mr. and Mrs. W. T. Wilhite, Mrs. H. H. Abel, Mrs. Martha Jackson and Mrs. H. E. Jackson motored to Vincennes to attend the George Rogers Clark 150th anniversary. They were the guests of Mr. and Mrs. Solomon E. Evans there. Indianapolis Music Promoters met with Fred B. Haslewood in Highland place. A review of the German operetta which was given at the Murat theater was presented by Earl King. Next meeting will be with Mrs. M. L. Stoval, 1733 Yandes street, Tuesday. Mrs. M. L. Stoval and Miss Syaonia Byrd, members of the faculty of the Cosmopolitan School of Music, were heard in a delightful group of numbers Wednesday over station WFBM. Gary Pastor Here The Rev. D % E. Coleman, Gary, will preach the twenty-third anniversary sermon at Mt Paran Baptist church Sunday. The Rev. C. H. Bell is pastor. James Bailey, sophomore at Butler university, was initiated in Nu chapter, Alpha Phsi fraternity, Saturday. Officers elected in 1929 are; Richard Ferguson, polemarch; Bernis Street, vice polemarch; Lee Johnson, keeper of records; Roy Sanders, exchequer; Harry Radcliffe, strategus; Guy Miller, lieutenant strategus, and Henry Murphy, historian and reporter. The Rev. J. 'S. Poole wall speak Suday at Scott’s M. E. church at the special service at 3 p. m.; Sunday school at 9:30: preaching at 11 a. m. The Rev. D. E. .Skelton is pastor. An address wall : be given at St. John’s A. M. E. church, Seventeenth and Columbia avenue, Sunday at 3 o’clock for the benefit of all hotel and dining car waiters. Funeral services for Mrs. Grace Hicks, matron at the Orphans’ home. Twentieth street and Keystone avenue, were held todav at 11 a. m. at the First Baptist

“• WAI KFR - Good ¥! ML II tall wltomB SAP* INDIANA AVE. AND WEST ST. ' Always PRESENTING E. B. MOORE’S ,S,. “HOT ELLA” A MUSICAL MELANGE WITH IHBBHK _ l BROWN & BROWN yg - ** f tin erica's Greatest Apache Dancers. > Benjamin Norsingale \ j The Brunswick Record Star j firs I BOYD & BOYD JmBSHA Sensational Acrobats & Contortionists I m* A LORINE WINN \ /isP' J MARTIN °& BROWN \f j HOT ELLA’S BROWNIE Jjgr-Mi 11 I JAZZ STRING BAND I Fathers" RUTH C MATTE KTON BARRY NORTON V\ E CL Qaramount picture ( Four Days—Sun.. Mon., Tues., //|\ wee-yv RUNNINGS THBILUS! ./p L Thnr., Fri„ Sat.—The Babes of iy lA*njrhter. the Twins of Joy and j Noble Johnson, Famous Colored 4C/ Ji I i Actor in the Funniest Picture

REAL TALKING PICTURES! HEAR WHAT YOU SEE

SUITS MATCH HAIR

Stylists Tell Men What to Wear

ATLANTIC CITY, N. J„ March B.—Now that red-haired men are matching their clothes with their complexions, males with hair of other hues—gray, light and dark—are seeking color harmony, according to the stylists of the National Association of Retail Clothiers and Furnishers, now in sixteenth annual convention and exposition here at the Ambassador hotel. Charts have been prepared showing how to harmonize colors with the complexion for all except the bald-headed person. So far, the clothing stylists have not given the hairless man any special consideration. If you have gray hair or light hair, youi most appropriate colors are gray, blue and green. For the man wdth silvery locks, a light blue suit with a light gray hat and furnishings of burgundy, old rose, mulberry and navy mark the proper harmony combinations.

If he wears a light gray suit his hat should be of the same color and his furnishings run the range of mulberry, burgundy, bottle green and black and white. When lie dons a dark blue suit his headgear should be of medium gray and his furnishings hold a greater variety of colors—red, orange, tan, lavender, silver blue, jade green, and turquoise blue. But when he puts on his dark gray apparel, he should wear a medium gray chapeau. For his furnishings he has even a greater latiaude. They peacock blue, powder blue, jade green, champagne, pearl gray, lilac, robin’s egg blue and black and w'hite. With the green suit he is allowed to wear, by the dictum of the stylists, a green hat, and it is imperative that he confine his furnishings to bottle green, heather green, myrtle green, champagne, old gold, olive buff, tan and Van Dyke brown. The light-haired man is safe in following much the same sartorial adornment as the one with silvery locks. The colors selected by the fashion experts for the dark-haired man are

church, north* Indianapolis. The Rev. F. F. Young, pastor. oHiciated. B. Y. P. U, to Meet . Sunday morning prayer meeting is to be held from 6 to 7 a. m. at thee First Baptist church. The Sunday school membership campaign will continue until after Easter. Average attendance for January was 200 each Sunday. They have the honor of being the only Sunday school in class A. City B. Y. P. U. W'ill meet a£ 3 p. m. Sunday at the First Baptist church, north Indianapolis. The Rev. Robert Evans will speak at the 8 o’clock services. At the 11 o’clock services Sunday morning at Barnes A. M. E. church the Rev. J. C. Hayes will speak on "The Unconsciousness of God.” His subject at 7:30 will be "Adam and Christ.”

Walker Attractions

Emil Jannings. one of the most popular actors on the screen, will be shown four days, beginning Monday, in what he has termed his greatest picture. "Sins of the Fathers.” This is a fast-moving, captivating drama that tosses one’s attention from quiet family- firesides to jazz cases; from honest endeavor to trafficking in liquor; from love, joy and freedom to a life of scorn and sorrow behind prison walls. It is a Jannings masterpiece. Thursday, Friday and Saturday, the famous Duncan sisters will be seen in the screen version of their great comedy hit, "Topsy and Eva.” Noble Johnson, best known colored movie actor, has a prominent role in this picture. On the stage the entire week will be "Hot Ella,” conceived and staged E. E. Moore. This musical show has considerable talent and several specialties which promise to surprise. A nine-piece jazz string band is one big feature. Other features to be noted are Brown and Brown, America’s greatest Apache dancers; Benjamin Norsingale. record star; Boyd and Boyd, sensational acrobats and contortionists; Lorine Winn, the personality girl, and Martin and Brown, novelty tap dancers. PROBE SKELETON FIND Bones of Woman Are Found on Vanderbilt Estate, Bu United Press NEW YORK, March B.—Attempts are being made today by Nassau county police to identify the skeleton of a woman, dead apparently more than a year, found on the estate of William K. Vanderbilt Jr., on the North Hempstead turnpike.

tan, blue, brown and gray. With his tan suit he must wear a light tan hat and follow as closely as possible the following furnishings: Bottle green, apple green, henna chocolate, cocoa, plum, turquoise blue and terracotta. With his light brown attire he should don a light brown hat and be careful that his furnishings be kept within the bounds of beige, burnt orange, henna, red, reseda green, cinnamon, burnt amber and golden brow’n copper. A dark brown hat goes with his brown suit and his furnishings must be’burnt orange, bottle green, jade green, yellow, old gold, sand, taupe and tan. When blossoming forth in a suit of dark blue, his headgear should be of light gray and his furnishings adhere to the followdng range: Red, tan, orange, lavender, French blue, silver blue, turquoise blue and jade green. His dark gray attire should consist of an ensemble of medium gray hat and furnishings selected from jade green, champagne, pow’der blue, pearl gray, peaccok clue, lilac, robin’s egg blue and black and white.

REFUNDS GIVEN BY PROMOTERS Action May Prevent Arrest at Greencastle. Bu Times Special GREENCASTLE, Ind., March B. B. A. Hall and P. B. Scott, Indianapolis promoters, wall probably escape prosecution as a result of refunding sums ranging from $lO to sr>$ r > to twenty-five Putnam county farmers in a section east of here. The promoters collected from the farmers with a promise that they would build an electric power line from Greencastle to Mt. Meridian. Grafton Longden, one of those who paid, became Impatient when nothing was done since last summer further than getting the money Marshall Abrams, Putnam county prosecuting attorney, investigated and proposed to prosecute Hall and Scott on charges of obtaining money under false pretenses, but it is believed now that with the refunds, the case wall be dropped. HOOSIERS TO INHERIT Eight Will Share in Ohio Woman’s $200,000 Estate. Bu Times Special COLUMBIA CITY, Ind., March 8. —Eight Indiana relatives of Jacob Urich, who died recently at Eaton, 0., will sharfc in her $200,000 estate, they have been advised by Reuben Prugh, Eaton, executor. Those who will inherit include the followdng Whitley county residents: Mrs. B. T. McCrea and Albert Prugh, Larwdll; Mrs. Eli Whiteleather, Mrs. Allie Janies and Lloyd Hartman, near Larwill, and Mrs. Walter Martin, South Whitley. Others are Charles Prugh, Elkhart, and Wade Whetsone, Mentone.

American Telephone and Telegraph Company ® 158th Dividend © The regular quarterly dividend of Two Dollars and Twenty-Five Cents ($2.25) per share will be paid on April 15,1929, to stockholders of record ar the close of business on March 14, 1929. H. BLAIR-SMITH, Treasurer.

J SHAREsjj|^ One Investment in 30 Great Corporations Complete Details on Request City Securities Corporation DICK MILLER, Pres. 108 E. Washington St.

What Our Travel Bureau Can Do for You Tours or cruises—foreign or domestic—necessitate a certain amount of detail that oftentimes multiplies to such an extent as to seriously inconvenience the traveler and hamper him in the complete enjoyment of his trip. A competent travel advisor, by reason of personal experience, knows how and does care for all these details before the trip begins, thus leaving the traveler free to enjoy his trip to the utmost. We have rendered this service to the traveling public for Y many years. May we not help you on your next journey? RICHARD A. KURTZ, Manager Travel Bureau The Leading Travel Bureau of Indianapolis. ft UNION TRUSTS 120 East Market Street El ley 6341

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CASH MARKET GAINS WHEAT BETTER TONE Corn Dull to Shade Lower; Oats Little Changed in Pit Opening. Bu United Press CHICAGO. March B.—lmprovement in southwestern cash markets, and forecasts o' unsettled weather over crop areas gave wheat futures a firm tone here today. March corn was a shade lower in sympathy with dull cash situation. Oats were little changed. At opening wheat was unchanged to 3 $ cent higher, com was % cent lower to % cent higher and oats were % cent lower. Provisions were unchanged. Wheat news was of mixed character early, colder weather, accompanied by rain or snow being forecast for winter crop belt, while weakness at Liverpool gave a bearish tone to cable reports. Government reports on farm reserves will be out after close today and market is apt to take a waiting attitude. although belief is general figures will be near average of private estimates, or 147.000,000 bushels. Cash demand for corn is not as active as recently aud has been affecting futures market. If government report is near average of private estimates farm stocks will show an increase of 30,000,000 bushels over last year. Larger stocks of oats are expected to be reported on farm but, because of earlier estimates, this factor may have been discounted in recent declines. Shipping demand for oats out of Chicago is active. Chicago Grain Table —March 8— WHEAT— Prcv. High. Low. Close, close. March 1.27 L !\26% 1.26% 1.27 May 1.30*4 1.39% 1.29% 1.29% July 1.31*4 1.31 *, 1.31 1 - 1.31 * - September .. 1.22% 1.22% 1.22% 1.22% CORN— March 99% .99% .99% .99=4 Mav 1.02% 1.02% 1.02% 1.02V* July 1.04% 1.03% 1.04% 1.03% September .. .96% .95% .96% .95% OATS— March 49% .49 .49% .49 Mav 49% .49% .49% .49 July 47*4 .47 .47% .46*. September .. .46% .46% .46% .46 RYE— March ... 1.09% May 1.10% 1.10% 1.10% 1.11 July 1.11 1.10% 1.10% 1.11% LARD— March 12.22 May 12.57 12.50 12.50 12.57 Julv 12.97 12.85 12.85 12.95 September .. 13.27 13.17 13.17 13.27 RIBS— May 13.80 July ... ... 14.27 Ba Times Special CHICAGO. March B.—Carlots: Wheat. 22; corn. 88: oats. 27; rye. 3. PASS FAST TIME BILL Measure Made State-Wide by Senate Vote. The anti-daylight savings bill with an amendment that makes the measure state-wide, passed the state seriate today without a dissenting vote. The bill, introduced in the house, originally applied only to Indianapolis. It will be reurned to the house for approval of the amendment. The bill provides that all government offices and banks in the state shall operate on standard time.

MONEY TO LOAN —ON—MORTGAGES STATE LIFE Insurance Cos. 1233 STATE LIFE BLDG.

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