Indianapolis Times, Volume 40, Number 272, Indianapolis, Marion County, 3 April 1929 — Page 15

APRIL 3, 1920

STOCKS SOAR FRACTIONALLY HIGHER IN MART General Motors Features Raise With Gain of 2 Points. BY ELMER ( . WALZER I niled Financial Fditor NEW YORK. April 3.—A conservati advance—continuing Tuesday’s cautious rally—was in progress at the opening of the Stock Exchange todr Trading picked up somewhrt in activity as prices moved up from fractions to two points. Everything but the credit situation wa* favorable for the bullish element. Freight loadings reported for the week ended March 23. totaled 960,698 cars, r " increase of 3.238 over the previous ""k and 10.504 over the sn v-ek of 1928; crude oil production for the week ended March 30. declined 28.350 barrels daily, according to the American Pe!ye’—n Institute- automobile production set anew record for March, preliminary estimates showed; Cerro de Pasco was placed on a $0 annual basis compared with $5 paid previously. Brokers’ loans as compiled by the Stock Exchange increased $125,011491 to anew high of $6,804,457,408. But this increase was under expectations in view of the rise of more than 5i40.000.000 in the federal reserve account lor March. Despite the favorable oil production report, oil stocks declined. The reason for the selling was the fear that the American Petroleum institute plan for curtailment of output might meet serious opposition in tire 1 Sherman anti-trust act. The at-torney-general was known to be studying the plan. Standard Oil of New Jersey opened 5.009 shares at 60. off 1 ’%; Indian Refining lost a point to 48%; Sinclair held steady at 40 *; Marland lost L to 44 *; Houston, ’i to 107 **: : Mexican Seaboard a point to 51 %.! However, on the decline the forego- I ing issues met some support and rallied from their lows. General Motors spurted 2'* points to 86 '1 and other motor shares made proportionate gains with heavy trading in Nash, Studebaker, Hudson. Packard and Chrysler, the latter rising more than a point to 96 v. Bethlehem Steel opened at 104% and then spurted to 107. up 3% points from the previous close. Favorable comment on the company’s position by President Grace Tuesday helped the buying in this issue. United States Steel also was strong, rising a point to 181 1 - after opening at 181. Radio Corporation rose a point to 104’-.., while General Electric rose to 232‘1-, Westinghouse Electric 1 ■'% , j and International Nickel % to 50. Copper stocks were in fair demand at fractionally higher prices. Amusements were firm. Rails were steady, Baltimore & Ohio rising a point to 123.

Banks and Exchange

Cits bank clearing* figures, a* given In The limes dailv are checked carefull* and always are correct, barring possibility of typographical error*. INDIANAPOLIS STATEMENT IndianaDolis bank clearings Wednesday April 3. $4,204,000. debits. $8,824,000. NEW YORK STATEMENT K" T'nitrd Press NEW YORK. April 3. —Bank clearings. 5t.936.000.000; clearing house balance. $204,000,000 federal reserve bank credit balance. $168,000,000. TREASURY STATEMENT B" United /*/■> ss WASHINGTON, April 3.—The treasury net balance for April !. $436,493,379.78; customs receipts to that date. $3,087,561.86. CHICAGO STATEMENT Bn United /’n „ CHICAGO. April 3 Bank rlea rings, $114,400,000; house clearings, balances. $6,900,000.

In the Stock Market

Bv Thomson & McKinnon NEW YORK, April 3.—While it is true that the increase in brokers : loans fell far short of indications ; based on the weekly statements for the month of March, it is not at ail reassuring to discover that despite the generous liquidation anew peak lias been established. With the semi-annual meeting of the federal reserve board scheduled to terminate today, the latest increase in loans may influence the tone of the statement generally expected from the reserve authorities. It is unfortunate that the Sherman law has been found to be a stumbling block in the plan of the petroleum institute to control ind conserve the production of oil Regardless of credit conditions the recent enthusiasm for the oil shares appeared to have genuine m.-rit. and it is to be hoped that a solution of the problem will be fortneominq. 2 WOMEN WANT MONEY Widow, Divorced Wife Seek Insurance Proceeds. Federal court today was asked by file Metropolitan Life Insurance Company to decide whether a divorced wife or the widow should receive proceeds from an insurance policy on the life of Herman Steinhilber. deceased, former resident of Louisville, Ky. The complaint alleges that both the former wife, now Mrs. Emilie McDonald. Kokomo, and the widow. Mrs. Frances Steinhilber. Louisville, arc claiming the $843 policy. CIVIC DAY PROCLAIMED Mayor Urges Participation in Annual Event. Mayor L. Err Slack, in a proclamation today, urged citizens to take notice of "revival of wholesome public opinion.” by participating in the second annual Indianapolis Chamber of Commerce Civic day Friday. Arrangements are being made to accommodate 500 civic club and luncheon organization representatives at the luncheon at 12:15 p. m. Addresses by prominent speakers WilLhe broadcast.

New York Stocks

IBv rhom*or •*& McKinnon)

April 3 Railroads — Prev. High. Low. !2 ro close. : Atchison 198% 198% O Ic .1*3% 123 123 122 .i m ad.an Par 238 , 237>t 237* 8 234 C :.eaa * Ohio. . 218 215 , 216 213 Cheaa Corp. .. 80% 80% 80% 80 Chi A- N W • *3% 83 83', 83 % i Chi Grt West ... ... 17% C R I Sc P 122 ' a I D#l Sc Hudson ... 185'. Eri 68% 67’a 68 1 . 67 * Erie Ist pfd 59 111 Centra! .. 137% IS7'*b 137% 117% I Lehlth Valley ... ... 891a i Kan City South 83 I Sc | H 5 |IIK ft T . . 48% 46*a 46% 45% • . 132% 1 2 133 iN Y centra! .184‘a 183 ■, 184*2 182% N Y S II ft H 82'i 87 87% 87 Nor Pacific 112*4 101% O Sc W 26 Pennsylvania .. 75% 75 75 76** P ft W Va 130% Reading 105 Va St ithern Rv 142 142 S( ithern Pac 127 126%'*, 127 126% St Paul 33 32', 32% 32 * S' Paul pin 54% 53 -, 54% 53'* S' I, 4r S W... 101 100 101 99% St Lft S F ... Ill 5 , 112 Union Pacific 216% 215 2t8% 217*2 1 '.Vest Maryland. 41 38% Wabash ... 62'2 ... West Pac ... 34 Rubbers— Ajax . . ... 8% I 12 % 12" • 12', 12% Goodrich 91 ■, 90% 91', 91% Goodyear 13S ; . 137% 137% 177 KMlv-Spgfid ... 18 3 4 16*2 16% 16 Lee 19'a 18% 19% . . United States.. 56% 53% 55% 35% equipments— Am Car Sc Fdv. .. ... ... 99% Am Locomotive 117% 117 117% 116% Am sieel Fd 67% 67% 67% 66% Am H Shoe . 53% 52*2 53% 52% Oenera! Elec .234 232 234 231 Gen Ry Signal. 99’, 97% 99% 98% Gen Tank ... ... 87% N Y Air Brake . 47% 47% 47*2 ... Pressed Stl Car 23*2 23', 23% 23% Pullman ... ... 83 % Westingh Air B 48 47 1 ..- 48 47'* Westingh Eiec...150% 149% 150 148 Steels— Bethlehem 108% 104’, 108% 104 Colorado Fuel .. 65% 64% 65% 63% OtlS 45 44 44 % 43% Gulf States Stl. 63 62% 63 62% Inland Steel ... 91% 90% 91% 90 Crucible . ... 89 88% 89 88 Rep Iron & Stl.. 92% 91% 92% 91% U S Steel 184 181 182% 180* . Alloy ... . 46% 44', 45% 44% Youngstown Stl.. 127 125% 126 126% Vanadium Corp.. 97 95 95 120% Motors Am Bosch Mag . 57% 55 57% 54% Biiggs .......... 46% 44 45% 44 Chrvsler Corp... 98% 95% 96% 95% Eaton Axle 63', Oraham-Palge .. 44% 43% 44% 43% Gabriel Sobers 24% 23% General Motors. 86% 85 85% 83% Hudson 89% 88*2 88% 88 Hupp 68’, 68% 68% 67% Jordan . 10% 9% 9% 9% Maimnn .. 75% 74 Martin-Parry ... ... 14 Reo 28’, 28' 28% 27% Motor Wheel . . 43% 4.1% 43% 43% Nash 102% 100 102% 100% Packard 133 128 130 129% Pierre Arrow .. .. ... 32% 32% Studebaker Cor. 84% 83% 83% 82 Stew Warner 133 132 Murray B 67'..- 66 67% 65 Timken Bear ... 79% 79% Willys-Ovcrland. 27% 26% 27% 26% Yellow Coach .. 40% 39% 39% 38’, White Motor ... 48% 48% 48% 48% Alining— Am Smlt & Rfg. .110% lo9’i 109% 109'* Anaconda Cop... 153% 150% 151 153% Calumet H 53% 52% 52’, 51' 8 Andes 56% 56% 56% 56 Chile Copper ... 110% 110 110 110 Greene Can Cop 171’, 169 169 171% Inspiration Cop. . 54% 53% Int Nickel 50% 49 49 49', Kennecott Cop.. 90’, 89% 89% 90* 1 Magma 7%4 73% 74 73% Nev Cons 54’, 53% 53% 5.3', Texas Gulf Sul.. 81% 80 80% 80% U S Smelt 66% 65 66 65 % Oils— Atlantic Rfg 60 58% 58% 60% Barnsdall A .... 45% 44% 44% 46% Freeport-Texas.. . ... 45% Houston Oil . ..108 105% 105% 108 Indp Oil & Gas.. 35% 34% 34% 35% Marland Oi! .... 44% 42’, 42% 44’, Mid-Conti Petrol 36% 35% 35% 36% Lago Oil <Y Tr.. 31% 31 31 31% Pan-Am Pet <B• 53% 52 52% 54% Phillips Petrol 43% Prairie Oil 61% 61 61 63 Union of Ca 1.... 51% 51 51 51% Pure Oil 27% 26% 26% 27% Prairie Pipe 56% 56% 56% 57 Shell 31 3030% 31 s , Richfield 44% 4.3 % 43% 43% Sinclair Oil 40% 39% 39% 40 5 ,, Skellv Oil 40 38% 39 40’ Std Oil Cal 79% 77% 77% 80% Std Oil N J 60%. 59% 59% 61% S Oil N Y 44% 44 41 45 Texas Corp 67 65% 65% 67% Transcontl lit, 10% 10’, 11% White Eagle 37 36!, 36% 36% Industrials— Adv Rumely 9t% 90 91% 88 Allis Chalmers.. .. ... ... 171% Allied Chemical. .. 270 Armour tA) 13% 13% 13% 13% Amer Can 122% 120’e 120% 121% Alaska J 7 6% 7 6% Croslev 99% 99% 99% 100% Am Safety Raz 65 Am Ice 40',4 40% Am Woolen ... 20', Curtiss 150*4 146% 149'% 147 Coca Cola 131% 131 131% 130% Conti Can 73% 73’s 73% 74 Certainteed ... ... 17% Congoleum 24', 24 24% 24 Davison Chem.. 55% 55 55% 54% Dupont 18C% 180 180% 180 Famous Plavers. 66 64% 65% 65 Fox 1A! 87'2 87% 87% 86%, Gold Dust 63% 61 62 62 (Hidden 42-% 42% 42-% 42% Int Harvester ..’os':? 105 105%- 105 Lambert . 144% 143 143% 149% Loews 63% 62% 63% 63 Mav Stores 85 85 Mont'-om Ward 120 1'6% 1'7% 119% Nat! C R 130% 129% 129% 129 Owens Bottle . . . . 91 Radio Corp 104% 102% 102% 102% Rea! Silk 71% 71 71% 71 Rem Rand 29% 50% 29% 29 Sears Roebuck .148% 145% 145% 148% Keif' ... ' >3 ' '"l TO ’4'', Union Carbide .219 s , 217 218% 217% Warner ... 104’, ITnlv Pipe . . 16% 16% 16% 17 ,VSCs Ir Pipe 45% 441* 45-% 43% TT S Indus Aic0.,140% 139 140% 128 Worthington Pu 48% Woolworth Cos ..204% 204% 204% 203 Utilities— Am Tel A- Tel. 211 % 220 22’% 220% 5m For Power 94% 93 93 92% Am Wat Wks 82 81% Rrkivn-Manh T. . 72% 73% fa! OWE 137% Consol Gas ..103’, 103% 103% 103', Elec Pow As Lt.. 65 63% 64% 63% ’nterbnro *B% 48 48 49 Nor Am Cos 101 100% 100% 100% Natl Power. .. 52 51% 51% 50% S Cal Edison.. 56% 56% 56% 56-% Pub Serf N J... 80’, 80 80 81 Std Gas A- El. . 86% 85% 86 85 Utilities Power. 40% 39% West Union Tel 200% 199 199 199 Shinn'ng— Am Inti Coro . .. ... ... 64% Tnt! Mer M ofd.. .. 42’, United Fruit 138% Foods— Am Sug Rfg... 73 72% 72% 72% Kroger .. .92 89% 92 89’, California Pkg . . 75% Corn Products 84'- 82' 84% 83% Cudahv 55% 54', 55% 55 Cuban Am Sug. ... 12 12 Flelschmann Cos 71’, 71% 71% 71% Kraft . ... 33% Natl Biscuit. . 174% Natl Dairy 123 Bostnm Cos 66% 65% 65% 65'3 Ward Baking B .. „.. 11% 48% Tobircos— Am Tob B 165 165 Con Cigars 84% General Cigar . 68% . Lig <fc Meyers.. .. 87 87 I Lorillard 22% 22% |P .' Reynolds.. . 54% .54% 54% 54 | Ton Products B 18 17% 17% 18% United Cigar St 23% 23 23 22% I Schulte Ret Strs 29% 29% 29% 29% j Stand Corr Tob ... 34% 34 I Grand Union C .. 22% 22% Grand Union ofd 46% 46 46 45%

30TH YEAR OPENED Local Company Observes Birthday. The National Furniture Company. 335-3 -3 West Washington street, is celebrating this month the twentyninth anniversary of its founding. The store, now occupying four floors of the building extending from Washington street to Pearl street, was established on the old Parker site at 335 West Washington street by Nathan A. Khan and Harry A. Khan, who have been associated actively with the establishment since its beginning. The Indianapolis store is associated with seventeen other large retail stores throughout the United States. The distinction of having been the first Indianapolis furniture store to install a radio department Is claimed by the company. The firm now holds franchises for the said? of R. C. A. Radiolas. StewartWarner and Majestic radios.

HEAVY RECEIPTS HOLD PORKER PRICES STEADY Cattle, Calves and Sheep Prices Firm in Yards. March Bulk Top Redeipts 27. 11.75S 11.90 12.60 5,500 28. 11.75 11 85 6.500 29. 11.50 11.60 6.500 30. 11.75 11.75 2,000 April L 12.25 12.25 3.500 2. 11.90 12.00 8.000 3. 11.90 11.90 8.000 Early sales on hogs at the local stockyards today were about steady with Tuesday’s average. The bull; of 160-300 pounds brought around $11.90. Receipts were numbered at 8,000, and holdovers totaled 522 The cattle market was steady. Few steers brought sl2 to $13.75. Vealers were also quoted steady, selling at $15.50 down. The sheep and lamb market brought steady prices. Lambs sold around $15.50 down. Spring lambs were quoted at $lB to $23. The Chicago hog market opened very slow. Few loads and occasional sales 10 to 15 cents lower than Tuesday’s average. Heavy butchers brought around $11.65 to $11.75. j Bidding $11.85 for choice 180-220 pound weights. Receipts were estimated at 14,000, including 3,000 directs, and holdovers totaled 5,000. Cattle receipts were 7,000; sheep receipts were 15,000. Hog prices today were as follows: 250-300 pounds, $11.50 to $11.90: 200230 pounds. $11.85 to $11.90; 160-200 pounds, $1 i.85 to $11.90: 130-160 pounds, $10.75 to $11.50; 90-130 pounds. $9.25 to $10.25, and packing sows, $9.75 to $10.75. Cattle receipts were 1,500; calf receipts were 800; beef steers, sl2 to $13.75; beef cows, $8.50 to $10.50; low cutter and cutter cows, $6 to $7.75; vealers, $14.50 to $15.50; heavy calves, $7.50 to sl2. and bulk stock and feeder steers, $8.50 to $11.50. Sheep receipts were 250; top fat lambs. $16.75; bulk fat lambs, sls to sl6; bulk cull lambs, $10.50 to sl3 50; bulk fat ewes, $7 to $lO, and spring lambs, $lB to $23. —Hogs— Receipts. 8,000: market, steady. 250-350 lbs *11.50 ft, 11.90 200-250 lbs 11.804/11.90 160-200 lbs 11.8541 11.90 130-180 lbs 10.754,11.50 90-130 lbs 9.254, 10.25 Packing sows 9.754110.75 -CattleReceipts. 1.800: market, steady. Beef steers 512.00fi.13.75 Beef cows 8.504", 10.50 Low cutters and cutter cows .. 6.00'//' 7.75 Bulk stock Sr.d feeder steers .. 8 50ft11.50 Receipts. 800: market, steady. Best veals $14.504>T5.50 Heavy calves [email protected] —Sheep— Receipts. 250; market, steady. Top fat lambs $16.75 Bulk fat lambs 15.0047.16.00 Bulk cull lambs 10.504, 13.50 Bulk fat ewes 7.504710.00 Spring lambs 18.00(523.00 Other Livestock Bp T'nitrd Press CHICAGO, April 3.—Hogs—Receipts. 14.000. including 3,000 directs: opening 15 4725 c low r; later vrade. 254740 c lower; shipping demand narrow; top. SI 1.85 paid for occasional loads from 180-200 lbs.; butchers, medium to choice, 250-350 lbs., 511.254,.11.75; 200-250 lbs., 511.2 5 47.i1.85; 180-200 lbs.. [email protected]; 130-160 lbs.. $lO @11.75; packing sows, [email protected]; pigs, medium to choice, 90-130 lbs., $8,754/ 11. Cattle—Receipts, 7,000; calves, 2,500; strictly good and choice fed steers and all yearlings, steady to strong; other stock steady to weak; 1,693 lb. weighty steers. $14.75': light weights. $14.65; long yearlings $14.50; heifer yearlings sold up to sl4; vealers. 20m50c higher; slaughter classes, steers, good and choice, $1,300-1.500 lbs., $13.2547 14.75; 1.100-1,300 lbs.. $13,254, 14.75; 950-1,100 lbs.. $13,504, 15; common and medium. 850 lbs.. $9.7547.13.50; fed yearlings, good and choice. 750-950 lbs.. $13,504, 15; heifers, good and choice, 850 lbs. down. $12,504, 14.25; common and medium. $94, 12.50; cows, good and choice. $8,754, 11: common and medium. [email protected]; low cutters and cutter. 86.254,7.50; bulls, good and choice, beef, $9.5047 10.50; cutter to medium. [email protected]; vealers .milk fed. good and choice. $124715.50; medium, $10,504, 12; cull and common. $7,504, 10.50; stocker and feeders steers, good and choice, all weights, $11.504,13: common and medium, $9.754,11.75. Sheep—Receipts. 15,000; nothing done on lambs; indications weak to 25c lower; indicated bulk fat lambs. $16.75 <7 17.15; best held around. 517.50; fat ewes steady at $10,504, 11.25; feeding and shearing lambs, steady; 63 lb. load at $16.50; lambs, good and choice. 92 lbs. down. $16.3547 17.50: medium. $15.754/ 16.50; cull and common. $1247.15.75: medium and choice. 92-100 lbs.. $15.504717.25; ewes, medium to choice. 150 lbs. down. $8,754, 11.25: cull and common. $447 9: feeder lambs, good and choice, [email protected]. Bii Times Special LOUISVILLE. April 3.—Hogs—Receipts, 800; market. 10c lower; heavy and medium hogs. 180 lbs. up. $11.254711.75; pigs and lights, 90 to 180 lbs.. $8,054,10.30: light pigs. 90 lbs. down. $6 75: stags and throwouts. $8.4047 9 Cattle—Receipts. 100: market, steady; prime heavy steers. $11.50 4,12.50: heavy shipping steers, $10,504,' 11.50: medium and plain steers. $9,504,1 10.50: fat heifers. $94:, 13.50: good to choice cows. s9'" 10.50; medium to good cows. $74,9; cutters. $6477: canners. $5,254,1 5.50: bulls. $7.50@10: feeders, $947 11: Stockers. SB4, 11.50. Calves—Receipts. 300; market. 50c lower; fancy calves .$13.50: good to choice. $10.504713: medium to good, $8 50 10 50; outs, $8.50 down. Sheen —Receipts. 50; marke*. steady: lambs. sl3 15: seconds. $84?12; sheep. [email protected]. Tuesday's Shipments—Cattle. 46; calves. 123; hogs. 283; sheep, none. B „ T~n ited Press PITTSBURGH, April 3.—Hogs—ReceiDts. 2.000; market, stedav; 250-350 lbs.. sll 7547 12 25: 200-250 lbs. sl2 0 12.50: 160-200 lbs. $12.2547 12.50: 130-200 lbs.. $12.2547 12.50; 130-160 lbs.. $11,504? 12.50: 90-130 lbs,. 510.254 J 11.75; packing sows. $1047 10 50. Cattle Receipts. 25; market, steady. Calves ReceiDts. 150. market, weak; beef steers. sl2 47 1 3.75; light yearling steers and heifers, $10.50 3 13.50; beef cows. $84,10: low cutter and cutter cows. $5.50 .■ 7.50: vealers. sl4 47 17: heavy calves. sll4, 16. Sheep—Receipts. 1.000; market, steadv to strong, shorn basis: top fat lambs $16.25; bulk fat lambs. $144716: bulk cull lambs, $947 12; bulk fat ewes, $647 9- bulk spring lambs. $204T?5. R■' T'nitrd Press FT. WAYNE, Ind.. April 3.—Receipts: Cattle. 125; calves, 100: hogs. 300; sheer, :0; market, steadv to 25 ,30c lower: 80-110 , lbs $9.60 110-130 lbs.. $1.10; 130-140 lbs ' *10.60: 140-160 lb*.. $11.10; 160-180 'bs $11.50: 180-225 lbs.. $11.60; 226-275 lbs $11.30. 275-325 lbs. $1135: 325-400 lbs $11: roughs. $9.75; stags. $7.50; calves. sls: lambs. $15.50. Bv T'nitrd Press EAST BUFFALO. April 3.—Hogs—Receipts, 1,900- holdovers. 300: market. 10% 15c down; 250-350 lbs.. sll 903 12 40- 200250 lbs. $12.1547 12 50: 160-200 lbs.. 512.254, ;12 50 130-160 lbs, $123 12.50: 90-130 lbs.. I $11,504, 12: packing sows. $lO 50 10 15 | Cattle—Receipts. 100; market, steadv. ; Canes—ReceiDts 200: market, steadv beef steers. $11.9254, 13 25; light vearling, steers and heifers. sl2 254, 13.75: beef cows $8.50 •9 25: low cutter and cutter cows. $547 7: vealers. sls 505 17. Sheep—Receipts. 400bulk fat lambs. Sl7 317.50; bulk cul! lambs $lO 504713.50: bulk fat ewes. $9.2547.10. Pji T'nitrd Press „ ikP l, ' C L N £, ATI ' A P r ' ! 3.—Hogs—Receipts. 2.600: holdovers. 1.763: market. 10,4,25 c down: 250-350 lbs.. $11.154711.75- 200-250 , bs.. 5n.7547 12: 160-200 lbs.. Sll 254, 1?-130-160 lbs.. $10.75 ,11 50 90-130 lbs $8 •, 10 75: peeking sows. $94,9.75. Cattle—Receipts. 250. Calves— Receipts. 450: market, veals. uOc to $1 down; beef steers. $124, 13.50; light vearling steers and heifers. sll 504713.50: beef cows $8 50 e 9.75 low cutter and cutter cows $647 7 50: vealers $104715: heavy calves. $9 513.50 Sheep— Receipts. 156: market, clipped lambs. 50c Gin: top fat ambs. sl7: bulk fat lambs. |15@17: bulk cull lambs $94714: bulk fat <lres. s4@9; bulk spring lambs, $20@25; bO|k cull spring lambs. $16620.

THE IXDIAXAPOLIS TIMES

Indianapolis Stocks

April 3 —Stocks — Bid. Ask American Central L Ins C0....800 Belt R R & Yds Cos com 66% 70 Beit R R & Yds Cos pfd 57 62 Central Ind Power Cos pfd.... 93 97 Circle Theater 105% ... Cities Serv Cos com 30% Cities Serv Cos pfd 96 Cities Gas Cos com 28 Citizens Gas Cos rfd 97% 101% Commonwealth L Cos pfd IOO’/a ... Equitable Sec Cos com Hook Drug Cos com 42 Horuff shoe Corp com 15 Ind Hotel Cos Clavpool com 125 ... Ind Hotel Cos pfd 101% .. Ind Serv Corp pfd 90%■ ... Indpls Gas Cos com 08 61 -ndpls & Northwtn Tr Cos pfd 5 Indpls P & L pfd 101% 103%' Indpls Pu Wei L Assn com. 48 Indpls St H R Cos pfd 28 33 Indpls Wa Cos pfd 100 102 winter Pub Ser pr 11 pfd 102% 105 Interstate Pub Serv Cos pfd .. 94 96% Merchants Pub Utli Cos pfd 101 Metro Loan Cos 100 ■ Northern Ind Pub S C pfd 7*.108% •Northern Ind Pub S C pfd 6s 98' . 102% Prog Laundry Cos com 46% 50 E Kauh & Sons Fen. Cos pfd . 50 P.eal Silk Hosiery Cos pfd ... 98 Standard Oil Cos of Ind 60 ... T H Indpls & E Tr Cos com T H Indpls & E Tr Cos pfd 7 T H Tl-ac & L Cos pfd 94 Union Trac Cos com V* Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd Va Union Title Cos com 50 55 V Camp Prod Cos Ist nfd .... 97 100 V Camp Prod Cos ofd 92 —Bonds— Bid. Ask. Belt R R & S Y Cos 4s 85 Broad Ripple Trac Cos 6s 60 ... Cent Ind Gas Cos 5s 95 98% Central Ind Power Cos 6s 100 Chi 8 B ft N Ind Rv Ist 5s Citizens Gas Cos 5s 100 ... Citizens Street Railroad 55... 77 82 Gary Street Rv Ist 5s 83 Tome T Sc T of Ft Wayne 65..102 Indiana Hotel Cos 5-s 100 ... Ind Northern Trac Cos 5s 4 Ind Railway & Light Cos 55.. 95 Indiana Service Corp 5s 88 Indpls Power and Light Cos 5s 98 Indiana Union Trac Cos 55.... ... Indpls Col & S Trac 6s 98% 101 Indianapolis Gas Cos 5s 99 Indpls & Martinsville TCo ss. 16 ... Indpls No Trac Cos 5s 9 % 12% Indpls Sc Northw'ern T Cos 5s 16 Indpls Street Rv 4s 58 62 Indpls Trac & Terminal Cos ss. 92% 9a Indpls ORyss J 1966 A B 101 Indpls Mater Cos %s 1953 191 103 Indpls Water Cos s'is 1954 92% 96 Indpls Water Cos Hen & ret ss. 95 ... Indpls Water Cos 4%s 92 95% Indpls Water Works Sec Cos 5s 90 Interstate Serv Cos 4',is 87% ... Interstate Public Service Cos 5s 96% Interstate Pub Serv Cos B 6%5.103% No Ind Pub Serv Cos 5s 102% ... No Ind Pub Serv Cos 5s 99 No Ind Teleph Cos 6s. 1931 98% 100 T H Sc E Trac Cos 5s T H Trac and Light Cos 55.... 92 Union Trac of Ind Cos 6s 9% 1211 •Extra dividend. —Government Bonds— Liberty Loan 3%s 97.14 97.34 Liberty Loan 4%s 98.64 98 84 Liberty Loan Cos 4s 98.08 99.08 U 8 Treasury 4s 106.20 106.40 U S Treasury 3%s 102.02 102.22 U S Treasure 3%s 99.40 99.60 U S Treasury 3Hs, 1943 96.02 96.22 —Sales—--1.000 Indpls Water Cos 4%s 93% 1.000 Indpls Water Cos 4'is 93 1.000 Indpls Water Cos 4%s 92%. 1 000 Citizens Street Railroad 5s 78 SI,OOO Trac Term 92% 20 shares Belt com 67

Produce Markets

Butter (wholesalei—No. 1. 49@51c: No. 2. 464,48 c. Butterfat—Lb.. 48c. Cheese (wholesale seilina once pe, pound i —American loai 38c: pimento loaf 35c: Wisconsin flat. 29: prime cream 37c: Daiisy. 25c-’ Longhorn 25c: New York limberger 30c Eggs- Buying once.* Fresn delivered h> Indianapolis, loss off 24c. Poultry iDuving prices!—Hens. 26® 27c: Leghorn h3ns 21 ©23c: 1926 springers large breed. 2 lbs and up 35c: 1 to 114 !bs. 23c: Leghorns. 21c; old roosters large 12@15e: small io@l3c: ducks I6f' 17c; spring guineas. 30c: turkeys No 1 voung toms. 12 lbs and ud. 35@38c No 1 young hens 35c a lb : No. 1 old toms. 22@75c: No 9 old hens 25@30r ' lb. />,„ T'nitrd Press CHICAGO. April 3.—Eggs—Receipts. 19.890 cases; extra firsts. 26%c; firsts. 25%4,> 26c; ordinaries. 25c: seconds. 23%c. Butter —Receipts. 3.945 tubs: extras. 45%c: extra firsts. 15'<7 45% c: firsts. 44% ft, 44%c: seconds. 43ft, 43%c; standards. 45%c. Poultry —Receipts. 1 car: fowls. 20ft, 34c; springs, 34c; broilers. 40f, 47c: Leghorns, 31c; roosters, 23c: ducks. 24ft", 30c; geese, 21c; turkeys. 204,30 c. Cheese Twins, 23c; voung Americas. 24 , 24%c. Potatoes—Market steady on old stock: slightly weaker on new; arrivals. 84: on track, 290; in transit. 608: Wisconsin sacked round whites. 534, 65c: few. 70c: Minnesota and North Dakota sacked round whites. 5547 65c: Red River Ohtos. mostly 75c: Idahc sacked Russets. $1.504,1.65; Texas sacked Bliss Triumphs. No. L $3.50: bbls. Spaul 1Ine Rose. No. 1. $6.75© 7.

Local Wagon Wheat

City grain elevators are paying $1.19 for No. 2 red wheat and $1.09 for No. 2 hard.

On Commission Row

Fruits Apples—Box Delicious. $3.50@4; box Stayman. $2.50®2.75; box Rome Beauties. 52.75(gy3: bushel Stavman $202.25: bushel Jonathans. $2.25(52.73: Greenings. S6O 6.50 bbl.: Rome Beauties. [email protected] bbl Cranberries—s3 a 25-lb. box: $5 a 50-Ib. box. Grapes—Florida. S3®4: Texas. $4.50. Lemons—California, a crate. $4.50®5.75. Limes—Jamaica. 100 bv count. $3. Oranges—California navel, a crate. s4® 6.75: Florida. $3.50(54. Strawberries—Florida. 55c a quart. Vegetables Artichockes—s2.so a dozen. Beans—Southern stringless. $4.50 a hamper. Carrots—Texas. $2.7503.25. 5-doz. crate. Cauliflower—California. $2.75. Eggplant—sl.soo2 a dozen. Parslev—Home grown, dozen bunches 50c Parsnips—sl.so a bushel. Peas—California. $7.50 a 45-lb. box. Peppers—Florida, a crate. [email protected]. Radishes—Button hothouse, doz. bunches. 90c® sl. Spinach—Texas. [email protected] a bushel. Turnips—sl.so a bushel. Tomatoes—Repacked. 6-basket crate, SB. Cabbage—Texas, new cabbage. 3Vi®4c. Kale—Virginia, $2.50 a bbl. Celerv—Florida. [email protected]. Lettuce—California head, crate. $4.50@5: home-grown lea i. a bushel. $1.35. Onions—Yelio v, a 100-lb. bag. 55.75: red. $5 a bag; Span.sh. a crate. $3.25: western. $5.75; new Texas, a crate. $4.50. Shallots—6oc. Potatoes—Michigan round whites, 150 lbs., $1.9002: Ohio. $1.7501.85: Idaho. $2.50®3 a bag: new Texas triumphs, a 100lb. bag. $6.50. Rhubarb—6o@7sc a 5-lb. bunch. Coconuts—Ss.so a bag of 100. Sweet Potatoes —Indiana Jersey. $2.75 a bushel: No. 2. $1.50 a bushel: Nancy Hall. 52.15®2.25 a bushel. Building Permits E. C. Remmetter. reroof. 817 North Dearborn. $230. M. Emrich. addition. 2148 North Jefferson. $250. E A. Williams, addition. 2152 North Jefferson. $250. F Geldman. porch. 1539 Spann, S3OO. W. H. Diddel. reroof. 4114 Carrolton, $255. , N. Moran, garage. 1325 North Illinois, $775. J. F.ubush. reroof, 1515 Ewing. $245. L. Smith, building, State and Le Grande. 300. W. f. Watts, excavate. 1716 Holliday. S2OO. P. Dietz, dwelling and garage. 3001 Meredith. $7,350. O. Wilmington, dwelling. 2531 North Temple. $1,500. W. E. Jennev. dwelling and garage. 5555 Pleasant Run boulevard. $12,000. I. L. Brithers, garage. 2849 North Gale. S3OO. FIRE DAMAGES STORE Estimate Loss at SSOO in Feed Company Blaze. A fire said by firemen to be of incendiary origin caused about SSOO damage late Tuesday night at the feed store of Pat Ward, Negro, 1324 East Twentieth street. Attacks Probate of Will Bn Times Special MARION. April 3.—Alleging the will of Anna I. Trook, who died March 6, was executed under undue influence by other beneficiaries, Wi' -un I. Trook, a beneficiary, has filed objection to its probate. Polish Premier Cabinet Resigns WARSAW, Poland, April 3.—The Polish cabinet headed by Premier Kazimierz Bartel of the Non-party Union, resigned today. The cabinet was a non-partisan coalition government appointed June 27, 1928.

GRAIN FUTURES SHADE LOWER IN PIT OPENING Liverpool Cables Bearish; Oats Record New Low. /In T niter! Press CHICAGO, April 3. Wheat futures were but a shade lower here today In spite of the weak Liverpool cables and bearishness of pit operations. Corn and oats were dull and lower. At the opening wheat was % cent lower to cent higher, corn was unchanged to % cent lower and oats were ’* to *4 cent lower. Provisions were slightly lower. Trade etsimates of recent short coverings in wheat are up in millions of bushels and, as most of the grain sold by professionals here was against purchases at Winnipeg, the technical position is believed to have been weakened by these transactions. Weather over the winter crop belt is generally fair. Corn has been suffering from a lack of interest and, although the good cash demand has been a strengthening factor, Chicago traders are becoming more inclined to press market on bulges. Liquidation has forced September oatr? to anew low and, with conditions favorable for field work, the deferred months are finding little support. Chicago Grain Table —April 3 WHEAT— Pfpy. High. Low. Close. Close. May 1.20% 1.19% 1.19% 1.20% July 1.23% 1.22 1.22% 1.23 5 * September... 1.25% 1.24% 1.24% 125% CORN— May 92% .92% .92% .92% July 95*4 .95 % 95% 96% September 96% .95% .95% .96% OATS— j May 45%, “ .45% .45% 46 July 45 .44% .44% .45 September 43% .43 43 43% RYE— May 1.03% 1.02 1.02 1 03% 'ulv 1-04 % 1.03 1.03 1.04% .*?ptember .. 1.05% 1.0.7% 1.03% 1.05% LARD— May 12.10 12.05 12.07 12.15 July 12.47 12.42 12.42 12 50 September... 12.80 12.75 12.77 12 82 RIBS— May 13.75 13,90 July 14.10 Bn Times Special CHICAGO. April 3.—Carlots: Wheat, 35; corn, 112; oats. 17: rye. 5.

Births Bovs Louis and Anna Urbencic. 752 North Warman. Florence and Ruth Herring, 351% Massachusetts. Edward and Ursula Rhode, 4117 Graceland. Lynn and Helen Johnson. Methodist hospital. James and Mabel Perry. 3260 Orchard. Le Roy and Fannie Marshall. 122 Cornell. Martin and Frances Land. Coleman hospital. Gills Cloah and Pearl Irwin, 3707 Baltimore. Harry and Bessie Sheaglev. 5130 East Michigan. John and Eve Dunning. 2501 Hannah. William and Nita Muterspaugh. 542 Luet. Leon and Helen Zerfas. Methodist hospital. Harold and Mary Barton, Methodist hospital. Lee and Lulu Wurtz, Methodist hospital. James and Alice Gahn. 1068 West Twenty-sixth. Lowell and Katherine Calvin. Coleman hospital. George and Jennie Curtis. Coleman hospital. William and Ruth Gibbons. Coleman hospital. 'Harold and Geneva Hindman. Coleman hospital. Carl and Edna Emrich. 1413 South State. Deaths John Wesley Siler. 70. city hospital, accidental. Watson R. Hough. 47. Central hospital, encephalitis. Susan Eliza Hanes. 82, 1133 Lidden. chronic myocarditis. John W. Jones. 68. $702 North Tacoma, cerebral hemorrhage. Nancy Ellen Saunders, 57, St. Vincent's hospital, carcinoma. Arthur Williams, 6 hours, 3741 Columbia, premature birth. Minnie Eymann, 59. 2355 North Meridian, mitral insufficiency. Raymond Scholev. 14, 2229 West Morris, scarlet, fever. Milda Geisendorff, 47. city hospital, chronic myocarditis. Clarence Jennigs. 23. Methodist hospital, accidental. Larz Augustus Whitcomb. 58. 1311 Fletcher Trust, myocarditis. Nancy M. Sparks. 63. 827 South Meridian, arteriosclerosis. Rachel Dixson Bvnum, 81. 1931 Ashland, acute dilatation of heart. Harry C. Gerrard. 55. Methodist hospital, cerebral hemorrhage. Ruth Hogle. 13. Riley hospital, chronic m? ocarditis. Charlotte Wills. 74, 1421 Orange, chronic myocarditis. NEW YORK COFFEE RANGE —April 2 High. Low. Close. January 14.05 March, 13.75 13.75 13.75 May ’ 16.02 15.94 15.94 July 15.07 15.05 15.05 September 14.59 14.53 14.53 December 14.20 14.15 11.15 CARAVAN CLUB WILL MEET ON THURSDAY Dramatic Reading on Program; Resumes Weekly Sessions. The Caraven Club of Murat Temple. Nobles of the Mystic Shrine, will resume weekly luncheons Thursday after a lapse due to the spring ceremonial held last Thursday. The new class will sponsr this week’s porgram. The high spot of Thursday’s entertainment will be a dramatic reading by Miss Marcy Dernburger of the College of Music and Fine Arts. Music will be furnished by the mixed quartet of Indiana Central college. Future events of the Caravan Club include a visit and talk by Leonidas P. Newbv, Knightstown. past grand commander of the grand commandery. and Ft. Benjamin Harrison day with Shriners and Masons connected with the fort as guests of honor.

I Buy and Sell Progress Laundry Stock Newton Todd 415 Lemcke Bldg.

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

Quits Buick

J. E. Trotter

Career of one of Indiana’s best known automobile executives closed yesterday with the resignation of J. E. Trotter as zone manager for the Buick Motor Company here. About one hundred dealers and assistants from all parts of the state attended a meeting and luncheon at the Indianapolis Athletic Club to hear Trotter announce his retirement. L. C. Burnett, who for fourteen years had served under Trotter as sales manager for Buick, was elevated to the place vacated by his chieftain.

The City in Brief

THURSDAY EVENTS Indiana Indorsers of Photoplays, C laypool, all (lav. Advertising Club of Indianapolis, luncheon. Columbia Cub. Indiana polls Real Estate Board, luncheon. Chamber of Commerce. American Business Club, luncheon. Columbia Club. Caravan Club. luncheon. Murat temple. Si*ma Nll, Junclieon. Lincoln. Dinner-dance honoring Dr. Vincent A. Lapenta. Italian consul for Indiana, Riley Room. Clavpool, 7 p. m. Mrs. Julia Blair today filed suit for $15,000 in superior court 5 against the Checker Cab Company tor alleged personal injuries received Feb. 15. 1929, while she was riding in one oi the company’s cabs. The suit alleges the cab struck bumps on East Michigan street and her spine was injured. “Trends in Modern Magazine Advertising, or How Ten Leading Magazines Get That Way,” will be the topic of Gilbert L. Parks, New York, advertising director of True Romances, before the Advertising Club of Indianapolis at the Columbia Club Thursday noon. Approval for the issuance of SBIO,OOO equipment trust certificates was asked of the public service commission today by the Chicago, South Shore & South Bend Railroad Company. The sum will be used for purchase of new cars, the petition declared.

(< How about the Bond Market? 9 N OZV is a good time to buy bonds Just one year ago the demand for high grade bonds was so heavy that investment bankers found it increasingly difficult to supply the demand. £ At that time bond prices were high and yields were correspondingly low. Today many good bonds are priced low and yields are correspondingly high. (We advise the investor who desires a good yield with safety over a term of years to buy bonds now. ( For a long-time, safe and highly satisfactory return bonds are today a “good buy." £ Many attractive offerings appear on our investment list. Fletcher American Company Indiana s JCargesL Investment Houses with The Fletcher American Nationai Bank JQargest Hiank in Indiana

PACIFIC FLIERS ARE HIDDEN BY WILD JUNGLE Crew of Four Failed to Land at Australian Interior Mission. Bp United Press SYDNEY. New South Wales, April 3.—First definite news, meager in content and negative in character, regarding the lost Southern Cross, trans-Pacific plane, and its crew of four was received here today from a rescue plane which reached Drysdale Mission station. The rescue plane established definitely that Captain Charles E. Kingsford-Smith and his three companions never landed at Drysdale Mission station nor anywhere near it. A plane believed to be the Southern Cross passed over the mission station Sunday afternon. headed southward toward the sea. the rescue plane's pilot reported here by radioA Although the pilot of the rescue plane did not indicate the definite time of passage of the plane believed to be the Southern Cross, it

Old Reliable Paint has not advanced in price. When thinned down ready for use will cost you not more than Sii.-io per gallon for our stock paint, or $2.56 for our Ijeavy liquid. Pure Linseed Oil, SSq per gal. Marlon Paint Cos. 365 S. Meridian St. Rl. 9165

HP 1 IMMMIWL 1 iO—— |t A Rembrandt 5 I In a Ten-Cent Frame | is no more ludicrous than a successful business done in an office of worn and antiquated furniture. New office furniture will pay real ■ dividends. B a AETNA CABINET CO i aI DESIGNERS g, MFCS.OF BANK. OFFICE STORE FIXTURE'S A S3AFTXA

PAGE 15

was hoped that the reported direction of the plane might enable searchers to concentrate their efforts. The Drysdale Mission station is 200 miles from civilization, in the heart of the wildest jnngle country inhabited by fire tribe cannibals and infested with most poisonous reptiles and insects. The probable aimless wanderings of the Southern Cross in a tropical rainstorm and fog must be taken into account in estimating approximately how far the Southern Cross went before Captain Charles T. P. Ulm flashed forth the message at 1 p. m. Sunday that because of lack of fuel he and his companions were being forced to land in a “rotten country.” o. k 7 aWo salesroom Union Trust to Build on North Meridian Street. The Union Trust. Company has been granted permission by the board of zoning appeals to erect an elaborate automobile salesroom at 1423 North Meridian street. Details of the building nor the amount involved have not been divulged. although it is known that tentative plans are for a pretentious structure.

INTERNATIONAL PAPER COMPANY York. March 15th. 1929 The Board of Directors have declared a regular quarterly dividend of one and three-quarter?: per cent (\ x i%) on the Cumulative 7% Preferred Stock of this Company, and a regular quarterly dividend of oneandone-naif percent (1 I j%) on the Cumulative 6% Preferred Stock of this Company, for the current quarter, payable April 15th, 1929, to holders of record at the close of business March 25th, 1929. Cheeks to be mailed. Transfer books ■will not close. Owen SWKPHF-Rn Vtre-Prejt. and 7neoA INTERNATIONAL PAPER and POWER COMPANY New York. March I3th. 1929 The Board of Directors have declared a regular quarterly dividend of one and three-quarters per cent (1%%) on tht Cumulative 7% Preferred Stock of this Company, and a regular quarterly dividend ( f one and one-half percent (1 1 2%] on the Cumulative 6% Preferred Stock of this Company, for the current quarter, payable April 15th, 1929, to holders of record at the close of business March 25th. 1929. Checks to be mailed. Transfer looks will not close. R.G. Land, Ajs'l Trent