Indianapolis Times, Volume 40, Number 280, Indianapolis, Marion County, 12 April 1929 — Page 32

PAGE 32

STOCKS STRONG TO HIGHER IN MART OPENING Widest Gains Made by Special Issues; Trading Fairly Active.

Average Stock Prices

Average of twenty industrials Thursday was 304 05 up 3 42. Aver;,re of twenty rail? was 150 55. up 157 Average of forty bonds was 54 19. of! .02. BY ELMER C. WALZER t’nited Press Financial Editor NEW YORK. April 12.—Stocks were bid up slightly in early dealings on the Stock Exchange today. Trading was fairly active. Bullish traders were more confident as a result of the decrease of $135,000,000 in brokerage loans reported by the federal reserve tor the week ended April 10, retention of the New York rediscount rate of 5 per cent, release of a large amount of earmarked gold and a favorable bank statement. Widest gains were made by special issues sufth as Curtiss Aero, which rose 4% points to 151%; Electric Auto-Lite, up 2% at 145%, and Montgomery Ward, up Is points at 119 Steel shares featured. Central Alloy opened 11.000 hares at 48%., up a point; U. S. Steel opened 3.000 shares at 190'i, up %. and other steel issues ruled strong. Utilities continued to advance. Good buying was noted in Standard Gas which rose 1% to 37'-;; Utilities Power and Light up 1 at 42% ; Public Service up 7-, at 80%, and Consolidated Gas up % at 104 ’ . Radio shares rallied sharply, featured by Crosley. which soared 8 points to 100. Radio Corporation of America firmed up nearly a point to 97. while Kolster rose to 38%. General Motors advanced fractionally to 84 i on the opening and held around that level, while other motor shares were steady. Oils were firm, amusements strong and coppers up fractionally. Railroad stocks were quiet and steady. Expecttaions that Interborough j Rapid Transit Company would continue to fight for a 7 cent fare ! brought out renewed buying in the j company's stock. Tire is.-ije rose j nearly two points to 34 in the early trading. Price movements were narrow in the first part of the session. Early highs in most cases were not improved and the list quieted down.

Banks and Exchange

Cilt bank clearings figures * eifen In Thp Times daily, are checked carefolly and always are correct barring oossihility of typographical errors. INDIANAPOLIS STATEMENT Indianapolis bank clearings Friday. April 12. $4.058 000: debits. $6,942,000. NEW YORK STATEMENT Fn United Press NEW YORK. April 12 - Bank clearings. *1.428.000.000; clearing house balance. $172,000,000. federal reserve bank credit balance. $137,000,000. TREASURY STATEMENT B.’i t nitre' Press WASHINGTON. April 12 --Treasury net balance for Aori! 10. $358,662,819.68: custom? receipt!- to that date. $18,094,341.17.

Local Wagon Wheat

Citv grain elevators are paying $1.19 for No 2 retl wheat and sl.ll for No. 2 hard

Building Permits

J Bostello. s-'atlon. Illinois and Morris. 11.800 S. C. Bodner. boiler. 5933 Washington boulevard. $' “00 C. F Johnson, reroof. 516 Fletcher. S3OO. B. Duel’s, reroof. 3109 North Arsenal. 4310. Fv Fi'ander. reroof. IS’! ?v.;r*sley. *220. U. Kinnan. reroof. 1715 Gimber. $237 F G. Bauer &. Son. storeroom. 3023 East Tenth. $2,000. * Neeves A- Agerter. bo'ler, 5860 Washington bouleiard. $755. B. Watkins, garage. 460 Minerva. $335. Z. B Hunt, 'dwelling. 2713 East Tv.entvfifth. $1,600. ADVISES SPENDING SBO YEARLY ON CLOTHING Sum Suffices for Man Making ?20 Weekly. Says Speaker. ■'Clothes should fit to be well dressed” and ”SBO a year for clothing is a suitable sum for a young man earning S2O a week,” were highlight phrases in a. talk by Edward R. Treat, merchant tailor. Thursday night at a class of good manners and proper usages in the Y. M. C. A. “An ill-fitting suit, no matter how expensive, makes a man look poorly clad. Good clothes are cheaper in the long run. One good suit will outlast three of an inferior grade. It is not unusual for a good overcoat to last ten winters,” he said.

BELIEVES MAN WOUNDED Sheriff Shoots at Three Trying to Steal Auto. Bn United Pr, ss ROCHFSTER. Ind.. April 12. Authorities today searched for an unidentified man. believed to have been wounded here by Sheriff Ora Clark, when the man and two accomplices attempted to gain possession of an automobile which had been seized by police. Clark was ealied to a garage when the men attempted to take the machine. They fled down an alley and the sheriff opened fire. One of his shots is believed to have reached it's mark. All three were believed to have escaped in an automobile 1 . PRINCE IS SENTENCED Must Go to Jail or Pay 52.500 on Fraud Charge. p-.; ‘,'t \rcss LONDON. April 12.—Prince Max Zu Holienlohe Oehringen of Bavaria. has been sentenced to five months in prison for financial frauds, out permitted to remain at liberty if he pays $2,500 to charity, an Exchange Telegraph dispatch from Munich said today.

New York Stocks

%Bv Thomson A McKinnon) ~

April 12— Prev. Railroads— High. Low. 12 00. close. Atchison .. 200 1 4 200 ■ Line. ... "9 Balt Ac Ohio 124% 123'* 124'* 124 Yr ar.adian Pac 237 236'* 236% 136'* . l.r.r a A- Ohio. 224'* 224 224 224;* Chesa Corp ... !•% & N West 851 * Chi Grt West.. 19% 19 19'* 19 i C R I & P ... . . 124 126% Sc Hudson.. 188 Del & Lacka. .. 125 124'* 125 125 Erie ... 72'* 71'* 71 Vt 70% • pfd ... . id'* tier Nor 104% 104 104% 102'* Ii! Cet.-ral ...137'* 137 * 137', 136’* Lehigh Valley .. 91'* 91 Vs 91% 91’* Ith .. 83'* 85’* M K Ac T . . . 47'. 46'* 46'* 46% Mo Pac pfd. .. 131% 134% N Y Centra! .184% 184 184% 182% INYC &St L. . . 135 NY NH A- II . .. 92 91 % 91% 91 r Pro flea. 102% 103'i Norfolk A* West 26% 19. r " 195 195 % O & W 26% 27% Pennsylvania .. 75% 75% 75% 75% P A: W Va 130% Pcidlng .106% 106% 106% 106% Southern Ry .. 146% Southern Pac ..127'* 127'* 127'. 128% St Paul .... 33% 33% St Paul pfd .. 55 54% 54% 55 S'. L A- S W . 102% 101 101 101 St. t ft S F 112 7 a 113% Union Pactflr .. . 217 West Mar- land . 44% 43’ 1 44% 43% Wabash 65% 65% Rubbers—

Ajax .. . 8 7% Goodrich 88% 88 % 88 % 88 Goodyear 134% 132% 132% 132% Kelly Spgfld . . 16% 15% 16% 15% ’ ... 18 United Slates.. 54% 54 54 83% Equipments— Am Car & F'dv.. . . . 100 - 99% Am Locomotive 120% 119% 119% 318% Am Steel Fd... 66% 66 66 65% General Elec . 236 234 234 233% Gen Ry Signal.. ... 98% 97 Luna Loco 89 88% 88% 87% N Y Airbrake.. .. ... 4ft' -> Pres ed Stl Car 22' 22’, :;2% 21% Pullman 82% 82% 82% 82 e. • ;ngh Air B. 48% 48% 48% 43 ’Ve- : nzh Elec ..150 , 148% 149% 147'* Stets— Bethlehem 112 110% 110% 111% Olorado Fuel.. ... 6ft o':s 44% 44% 44% 44% Gulf States Stl 65% 65 65 64% Inland Steel... .. ... 92% 92 Crucible 89 Pep Iron & Stl 95% 94% 95% 95 u S Steel 190% 189% 190 190 Alloy . . 49 ', 48 , 49 47% V. unsstvn Stl 127 ■ 126’ 127’* 127 Vanadium Corp. 97 95'* 96% 96% Motors— An Bosch Mag.. . . 53% 53% Brieg. 44% 43% 44% 43% Chr-sler Corp.. 92% 91% 91% 92% Eaton Axle. . 64 64% Graham Paige. 41% 41% 41% 404;-, Gahriej Snbbrs.. .. ... 23 * Genera! Motors 87', 84% 34 .* 84'* Hudson 86%, 86 , 86'% 86’* Hupo 59% 58% 59 58' i •Jordan- 10% 10’* 10% 10% Mormon 76'. 74’, 74% 75 F"0 28% 28'.. 28% 28% Motor Wheel.. 42', 42% 42', 42 Nash 100'* 99", 99% 99 Packard 128% 127% 127% 127% Peerless 16’, 15% 16 16% Pierce Arrow... 31% •Studebaker Cor. 82% 31 : 82% 82’* Stew Warner ..133'. 132% 133% 133 Murray B TO 7 , 70% 70% 71% Timken Bar . 82% 81' 82 81% Will; s-Overland. 26% 25’* 25% 25',* Yellow Coach... 49 47% 47% 48 White Motor 46% 48% "'lining— Am Smlt & Rfg.104% 103% 103% 103% An .eotlda Cop .145% 144 144% 144% Calumet & H... 48% 48'* 48% 48 Andes 54 7 3 53% 54 54 Chile Copper... . 105% Greene Can Cop 167% 166’, 167% 166’* Inspiration Cop 53 53% 52", 30% I:it Nickel 49% 48% 49% 48% Kennecott Cop. 86% 85’, 36% 86% Magma Cop .... 71% 70% 70% 70-’* Nee Cons 51% 50% 50% 50% Texas Gulf Sul 83% 81% 83% 81% U S Smelt 57 60% Oils— Atlantic Rfg... 57% 57 57 56 Barnsdale C ... 44% 45% 44% 43 Freport-Texas... 47 7 , 47% 47% Houston Oil 101% 101% 101% 100% liiqp Oil At Gas.. . ... 34% 34 Marland Oil 41’* 41% 41% 41% Mtd-Cont Petrol 35 34% 34% 34% Lago Oil & Tr 29% 29% Pan-Am Pet 8.. 57 56',. 56% 56% Phillips Petrol .. 41% 40% 40"-* 41 % Praine Oil 61% 601* 60% 60 Louisiana Oil ... 15 14% 14% 14% Pure Oil 26 25% 26 25% Prairie Pipe . ... 56% Shell . 29% 29% 29% 29% Richfield 43 42% 42% 43 Sinclair Oil 38% 38', 38% 38% Skellv Oil 40% 39% 40% 39% Std Oil Cal 75-% 78% 78". 73% Std Oil N I 57% 57% 57% 57% Std Oil NY 43%. 43 43 42% Texas Corp 64% 64% 64% 64'-, Transcontl 10 - 10% 10-% 10% White Eagle 36% 36 36% 36 Industrials— Adv Rumely 90% SO Allis Chalmers.. .. ... 170 Allied Chemical .273 272 * 273 271 Armour A 12% 1? * 12% 12% Amer Can *32- 131% 132 , 132% Am Er B - *3% 28% 29% Am H L pfd 33% .. Am Safety Raz.. .. ... ... 66’* Am Ice ... .. . . ... 38% Am Wool . 20 Curtiss . .152% 149% 15T 147% Coca Cola 131 = * 130 130 129% Conti Can 75 s , 74% 74% 75% Certaintecd .. ... 17 Coneoleum 25% 25% 25% 25% Davison Chem .. 55-% 54% 54"* 53% Du Pont 177%. 177 177 177 Famous Placers.. 65 64", 54% 64% Fox ,A' 86% 85% 86% 85 Gold Dust 65% 63% 65 5 , 62% Gltdden 43% 43% 43% 43% Link Belt 54% 53% Int Harvester .104’. 104"* 104% 104% Lambert 142% 141% 141% 14%, Loews 63% 62% 63% 62 Kolster 39% 38% 39% 38% Montgom Ward. .119% 118% 119 117% Natl C R 128 126 127 126% Pittsburgh Coal.. .. ... ... 63 Owens Bottle • • • • . 86 Radio Corp .... 98’, 96% 98% 96% Real Silk - 72'. 71% 13 71% Rem Rand .. .. 31 s , 31% 31 s ', 31% Sear Roebuck .147% 146 146'* 14. R. dto-Keith .. . 27 25% 27 24% ''•-.w:-, Carbide 217% 217', 217% 216% Warner 107 105% 105% 105 Univ Pine ... 15% USCs Ir Pipe.. 44% 43% 43% 43% r S IndCs Alco 148% 147% 147% 147% Worthington Pu ... 46 46% Wnolwnrth Cos ..211"* 211% 211’* 209% Utilities — Am Tel A: Tel 200% 218% 218% 344 Am For Power.. 97 95% 95% 94 Am Wat Wks. . 83% 83% 83% 82% Brklvn-Manh T. 66’* 66% 66% 66’, Col G A- E 56% 56% Consol Gas 105 104% 104% 103’* Elec POV &LI . 64% 63% 63% 62 Interboro .... 34 31’a 32 32% Nor Am Cc ...102 100% 101 101 Natl Power .... 51% 50% 50% 49% S Cal Edison.... 56% 56 56 55% Pub Serv N J.. 81 80 80 79% Std Gas & El.. 87% 87% 87’, 86% Utilities Power . 43 42'* 42’* 41% West Union Tel 196 194% 195 196% Shinning— Am Inti Corn. . 64% 63% 64 63% At’ Gulf & W I . 50 Inti Mer M pfd 44% 44% 44% 44% United Fruit ... 135’* 132 Foods — Am Sug Rfe ... 82% 81% 81 81% Kroger 92% 91 92 90 Beechnut Pkg .. 91% 91% 91% 90% California Pkg.. . . . . ... 75% Corn Products . . 91 89 % 89’* 90% Cudahy .- ... 54’, Cuban Am Sug . 12'* 12 12 11% Fleischmann Cos 72 71% 71’* 70% Kraft 92% 91 % 92 33% Natl Biscuit.... 185 183 Natl Dairy 129% 128% 128% 128% Postum Cos ... 66% 65% 66% 65% Ward Baking B .. 9% Tobaccos— Am Tob (B> 165 164’* i Con Cigars ... . 85 I General Cigar.. 68 67% 68 67 Ur ft Myers 86 Lorillard 23% 23% 23% 23% R J Reynolds.. . . .. 54’* 54% Tob Prod B. 17% 17%. 17% 17% United Cigar St 22'* 22% 22% 22% Ret St.. 27’* 26% 27% 26 Stand Com Tob 28’* 27% 27% 24% ; Grand Union c 22%

In the Stock Market

By Thomson & McKinnon NEW YORK. April 12.—A pleasant surprise was afforded Thursday in the size of the decrease in loans. While the total reduction from the peak is hardly enough to bring about what might be called a satisfactory correction, it is at least" a large step in the right direction. The increase of over thirty one million dollars in our gold supply during the week, with more to follow will also be looked upon as a favorable market factor, though it is causing considerable concern abroad. While the pace of business shows little change, it is suggested that the high rate of recent production in both steels and motors can hardly be expected to continue throughout the balance of the year Notwithstanding this, the temper ot the speculative mind is still toward higher prices and is held in check only oy interest costs, and this will, in our opinion prevent any considerable extension of the present rally. \

PORKER PRICES STRONGER IN YARD OPENING Lambs Scarce. Quality Shown Plain; Cattle Market Strong. April Bulk Top Receipts 5. 11.65i%11.80 11.80 4,000 6. 11.65%11.90 11.90 3.000 8. 11.55Tf11.85 11.90 8.000 9. 11.50 A 11.65 11.75 8.000 10. 11.35% 11.50 11.60 6.000 11. 12. 11.85 11.90 7,000

The hog market was strong today at the local stockyards with Thursday's best prices The bulk of 160300 pounds brought largely $11.85. The top paid was $11.90. Receipts were estimated at 7,000, and holdovers from Thursday’s market totaled 527. The cattle market was also strong. Pew light steerS brought $13.50. Vealers were steady selling at $15.50 down. Lambs were scarce, quality shown very plain. Few low grade native lambs brought around $15.50 down. The Chicago hog market opened slow to 5 to 10 cents higher than Thursday's average. Occasional load of 180-220-pound weights brought $11.75 to $ll.BO. Few choice 250-350-pound butchers brought $11.65 to $11.70. Receipts were 13,000, including 2,000 directs, and holdovers numbered 10,000. Cattle receipts were 1,500; sheep receipts were 6.000. Hog prices today were as follows: 250-350 pounds, $11.25 to $11.85; 200250 pounds. $11.75 to $11.90; 160-200 pounds, $11.75 to $11.85; 130-160 pounds, $10.50 to $11.25; 90-120 pounds, $9 to $10.25, and packing sows, $9.75 to $11.50. Cattle receipts were 550; calf receipts were 750; beef steers, sl2 to sl4; beef cows, $8.50 to $11; 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 100; top fat lambs, sl7; bulk fat lambs, sls to sl6; bulk cull lambs, $10.50 to $13.50; bulk fat ewes, $7.50 to $lO, and spring lambs, $lB to $23. —Hogs— Receipts, 7,000; market, higher. 250-350 lbs $11.25®;!!.35 700-250 lbs [email protected] 160-200 lbs 11.75(1.11.85 130-160 lbs 10.50@ 11.25 90-130 lbs 9.00% 10.25 Packing sows [email protected] -CattleReceipts, 550; market, steady. Beef steers $12.00 @14.00 Beef cons 8.50; V 11.00 Low cutters and cutter cows .. 6.00%; 7.75 Bulk stock and feeder steers.. 8.500)11.50 —Calves — Receipts, 750; market, steady. Best veals $14.50013.50 Heavy calves [email protected] —Sheep— Receipts, 100; market, steady. Top fat lambs $17.00 Bulk fat lambs [email protected] Bulk cull lambs 10.50 @13.50 Bulk fat ewes [email protected] Spring lambs 18.00 @23.00 Other Livestock Bn United PrMs EAST BUFFALO. April 12.—Hogs—Receipts 2.300; holdovers, 1,500: market, 5 to 15c up. 250-350 lbs.. $11.75(3)12.15; 200-250 lbs.. $12% 12.25; 160-200 lbs.. sl2@ 12.25: 130-160 lbs;.. [email protected]; 90-130 lbs.. 310.50%'0.65. Cattle—Receipts. 100; market, steady. Calves—Receipts. 900; market lower, beef steers, [email protected]: light 'earling steers and heifers. $12,750,14: beef cows. 38.25® 9; lon cutter and cutter cows, $5.2507.25: vealers. $15.50@16. Sheep—Receipts. 700; market. 250.40 c up: top fat iambs. $16.65; bulk fat lambs. 516@!6.50; bulk cull lambs, [email protected]; bulk fat ewes. $80.9.50. Bn United Press CINCINNATI, April 12.—Hogs—Receipts, 4.100; holdovers. 375: market, strong; 250350 tbs.. 311.15® 11.90; 200-250 lbs., *11.75® 12' 160-200 lbs.. $11.50® 12; 130-160 lbs., [email protected]; 90-130 lbs.. [email protected]: packing sows, s9@lo. Cattle —Receipts, 325: market, strong. Calves—Receipts. 375; beef steers. $12013.75; light yearling steers and heifers. $11,500)13.75; beef cows, $8.50010; low cutter and cutter cows. $6 7 7.50; vealers. $10015.50; heavy calves. $9013.50. Sheep—Receipts, 175: market, steady; top fat lambs. sl6: bulk fat lambs. SHOi6; bulk cull lambs. $80.13; bulk fat ewes. s3@B; bulk spring lambs. S2O @25; bulk cull spring lambs. $16020. B’i Times Special LOUISVILLE. April 12. —Hogs—Receipts. 800; market, 15c higher, heavy and medium hogs. 180 lbs. up. sll.lo® 11.60; pigs and lights. 90 to 180 lbs.. $7.90010.15; light pigs. 90 lbs. down. $6.60; stags and throwouts. $8.250 8.85. Cattle —Receipts. 200; market, steady; prime heavy steers, $12013; heavy shipping steers. $11@12; medium and plain steers, $9.50011; fat heifers. $9 @13.50: good to choice cows, $8.50010; medium to good cows. $6.50® 8.50; cutters. $606.50; canners. 55.25@ 5.50: bulls. $7,500.10.25; feeders. $90:11.50; Stockers. SB@ 11.50. Calves—Receipts, 200; market, steady; fancy calves. $12.50; good to choice. $9,500.12: medium to good. 57.50 ®9.50; outs. $7.50 down. Sheep—Receipts. 50: market. steady:_ lambs. $13015: seconds SBO 10; sheep. $60.7.50; Thursday's shipments: cattle, none; calves, 112: hogs. 409: sheep, none. Bn United Press PITTSBURGH. April 12.—Hogs—Receipts 1.500; market. 20c. up; 250-350 lbs.. $11.75 0 12.45. 200-250 lbs, $12012.35; 160-200 lbs.. $12.15012.35: 130-160 lbs, $12.25® 17.35: 90-130 lbs, slo® 11.50: packing sows. $10010.50. Cattle —Receipts, none. Calves —Receipts. 125: market. 50c to 51.50 up: beef steer*. $12014: light yearling steers and heifers. $10.50013.50; beef cows, $8 ® 10: low steers and cutter cows. $5.50@ 7.50: vealers. sl4®. 17.50; heavy calves, sllO 16. Sheep—Receipts, 650; market, strong to higher: top fat lambs. sl6: bulk fat lambs. $14016; bulk cull lambs. s9® 12; bulk fat ewes. [email protected]; bulk spring lambs. $l9O 21.

COOLIDGE YEARS AGO VIEWED AS BAD RISK Insurance Company He Has Joined Held Up Policy. By United Press NORTHAMPTON, Mass., April 12. —Calvin Coolidge, who has accepted nomination as a director of the New York Life Insurance Company, once was regarded as a doubtful risk by that concern, accord.ng to Dr. Sidney A. Clark of this city. When the former President applied for a policy twenty-eight years ago, there was a delay in issuing it because the appLcant was nineteen pounds under weight, the physician said. Labor Head Flies to Funeral it .' I nited Press WASHINGTON. April 12.—Secretary of Labor James J. Davis left today in an army plane piloted by Lieutenant W. A. R. Robertson for Harrisburg, Pa., to attend the funeral of former Lieutenant-Gover-nor Edward E. Beidleman. Germany, Russia Sign Treaty B.H United Press BERLIN. April 12. —Gustav Stresemann. foreign minister, and Nicolai Krestinski, Russian ambassador, signed the Soviet-German treaty of conciliation today, making it effective. The treaty was negotiated in Moscow on Jan. 25.

I.LLL lliltLfc

On Commission Row

fruits Apples—B'flfc Delicious. 63 80S4; box Stl*;:..an S2 50j 2 75; box Rome Beauties. S2 75&3; bushel Stavman 5202.25: bushel Jonathans. 52 25® 2 75: Greenings S6OI 6 50 bbl.; Rome Beauties. [email protected] bbl Cranberries—s3 a 25-lb. box: $5 a 50-lb box. Grapes—Florida $334: Texas. $4.50. Lemons—California, a crate. $4 500 5.75 Limes—Jamaica 100 ov count. $3. Oranges—California navel, a crate. s4® 6.75. Florida. $3.50 0 4 Strawberries —Louisiana. 24-pint crate. $303.50. Vegetables Artichockes—s2.so a dozen. Beans Southern stringless, $3.5034 a hamper. Carrots—Texas, $2.7533. 5-doz. crate. Cauliflower—California. $2.75. Eggplant—Sl.sOo2 a dozen. Parsley—Home grown, dozen bunches £oc. Parsnips—sl.so a bushel. Peas—California. 57.50 a 45-!b. box. Peppers—Florida, a crate. s2@4. Radishes—Button hothouse dez bunches. 90c@$l Spinach—Texas. 90c051.15 a bushel. Turnips—sl.so a bushel. Tomatoes—Repacked. 6-basket crate, $6.50 0 7.50. Cabbage—Texas, new cabbage. 333%c. Kale—Spring, a bushel. $1 @ 1.15. Celery —Florida. $2.7503.50. Lettuce—California head, crate. 54.5035; home-grown leaf, a bushel. 65075 c. Onions—Yellow, a 100-lb bag. $5.75: red. $5 a bag; Spanish, a crate. 53.25: western $5.75. new Texas a crate $4.50. Shallots—3s® 40c a bunch. Potatoes—Michigan round whites. 150 lbs, $1.9002: Ohio, $1.7501.85; Idaho. $2.5053 a bag: new Texas triumphs, a 100ib. bag $6.50. Rhubarb—6o®7sc a 5-lb. bunch. Coconuts—ss.so a bag of 100. Sweet Potatoes—lndiana Jersey, $2.75 a bushel: No. 2, $1.50 a bushel: Nancy Hall. [email protected] a bushel.

CITY PRINCIPAL DIES Miss Olive Selby Funeral Is Set for Saturday. Funeral services for Miss Olive Selby, 49, principal of School 75, who died Thursday at Methodist hospital after an illness of several months, will be held at 2 p. m. Saturday from the Flanner & Buchanan funeral parlors. Burial will be in Crown Hill cemetery. The Rev. Frank Lee Roberts, Central Avenue M. E. church pastor, and the Rev. W. N. Whitsett, will officiate. Miss Selby, one of Indianapolis’ most beloved teachers, had taught here twenty-three years. Previously she had taught three years each at Paoli, Princeton and Anderson, Ind. She was known throughout the city for her sympathy and capability. Many stories have been told of the extra time she spent on retarded children and the success she had in influencing older pupils to remain in school when they considered quitting to go to work. Surviving are an aunt, Mrs. Lena L. Selby, Indianapolis, and three cousins, J. W. Richardson, Allentown, Fa,. Riley H. Selby. Los Angeles, and Mrs. Major Harrison, Indianapolis.

Indianapolis Stocks

—April 12— —Stocks— Bid. Ask. American Central L Ins Cos 800 Bek RR & Yds do com 66% 70 Belt R R & Yds Cos pfd ! 57 62 Central Ind Power Cos pfd 93 97 Circle Theater 105% ... Cities Serv Cos com 30 J 4 ... Cities Serv Cos pfd 96 Cities Gas Cos com 28 Citizens Gas Cos pfd 97% 101% Commonwealth L Cos pfd 100% ... Equitable See Cos com 15 50 Hook Drug Cos com 43 Horuff Shoe Corp com 15 Ind Hotel Cos Clavpool com ...125 Ind Hotel Cos pfd 101% ... Ind Serv Corp pfd 90% ... Inffpls Gas Cos com 58 61 Indpls & Northwtn Tr Cos pfd 5 Indpls P & L pfd 101% 103% Indpls Pu Wei L Assn com... 49% Indpls St K R Cos pfd 27 32 Indpls Wa Cc pfd 98 100 Inter Pub Ser pr li pfd 102%* 105 Interstate Pub Seri’ Cos pfd... 93 95% Merchants Pub Util Cos pfd...101 Metro Loan Cos 100 Northern Ind Pub S C pfd 7s 108% .. Northern Ind Pub S C pfd 6s 98“ 102' , Prog Laundry Cos com 46'% 50 E Rauh Sons Pert Cos pfd.. 50 Real Silk Hosiery Cos pfd 97 Standard Oil Cos of Ind 59% ... T H Indpls & Tr Cos com T H Indpls & E Tr Cos .pfd... 6 ... T H Trac &> L Cos pfd 93 Union Trac Cos com % Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd U Union Title Cos com 50 55 V Camo Prod Cos Ist pfd .... 96% 100 V Camp Prod Cos pfd 92 —Bonds— Bid. Ask. Belt R R & S Y Cos 4s 85 ... Broad Ripple Trac Cos 5s ..... 61 Cent Ind Gas Cos 5s 95 Centra! Ind Power Cos 6s 99% ... Chi S B & N Ind Ry Ist 5s Citizens Gas Cos 5s 101 Citizens Street Railroad 55... 77 82 Gary Street Ry Ist 5s S3 87% Tome T & T of Ft Wayne 65.101% ... Indiana Hotel Cos 5s 100 Ind Northern Trac Cos 5s 4 nd Railway & Light Cos 55.. 95 Indiana Service Corp 55.... $8 Indpls Power and Light Cos ss. 98 ndiana Union Trac Cos 5s Indpls Cos! & S Trac 5s 98 100 Indianapolis Gas Cos 5s 99 Indpls & Martinsville T Cos 5s 12 Indpls No Trac Cos 5s 8% 12% Inpdls & orthw'ern T Cos ss. 12 Indpls Street Ry 4s 57 62 Indpls Trac & Terminal Cos 5s 92% 95 Indpls U Rv 5s J 1965 A 8.. .101 Indpls Water Cos %s 1953.. .101 103 Indpls ater Cos 5%s 1954 101 103 Indpls Water Cos lien & ref 5s 95 ndpls Water Cos 4%s 92 95% Indpls Water Works Sec Cos 5s 90 Interstate Serv Cos 4%s 88% ... nterstate Public Service Cos 5s 96% ... Interstate Pub Serv Cos B 6%5.T03% ... No Ind Pub Serv Cos 5.x 100 No Ind Teleph Cos 6s. 1931.... 98 • 99% T H & E Trac Cos 5s T H Trac and Light Cos 55... 92 Union Trac of Ind Cos 6s ... 9% 12’i —Government Bonds— Liberty Loan 3%s 97.66 97.88 Liberty Loan 4%s 98.92 99.14 Liberty Loan Cos 4s 99.12 99.32 U S Treasury 4%s 106.96 107.16 U S Treasury 4s 102.96 103.16 U S Treasury 3%s 100.20 100.40 U S Treasury 3Vis. 1943 96,84 97.04 —Sales--2000 Indpls Water Cos 5%s 101

Produce Markets

Butter (wholesale)—No. 1. 51@52c; No. 2. 49@50c. Butterfat—Lb.. 47@48c. Cheese 'wholesale selling price per ocund i—American loat. 38; pimento loaf. 40c Wisconsin flat. 29: prime cream, 37c; Daisy. 25c; Longhorn. 25c: New York limberver, 30c. Eggs— Buying prices: Fresh delivered at Indianapolis. loss off 24c. Poultry (buying oricesi Hens. 27® 28c: Leghorns hens. 21 0 23c. 1926 springers. large breed. 2 lbs. and up 26c: 1 to 154 'bs.. 23c: Leghorns. 22c: old roosters, large 12015 c: small 10®13c; ducks. 16@17c: springs guineas. 30c: turkeys. No. 1 voung toms. 12 lbs. and up, 35038 c: No. 1 young hens. 35c a lb : No. 1 old toms. 22<225c; No. 2 old hens 25@30c a lb. NEW YORK COFFEE RANGE —April II High. Low. Close. January 14.19 March 13.88 13.83 13.83 May 16.06 July 15.25 September 14.65 December 14.27 14.24 14.27 TREASURY GETS $4,772 , Sum Represents Fees Collected in i Dry Cleaning Plant Inspection. State Fire Marshal Alfred E. i Hogston today turned over $4,772.50 to the state treasurer. The- money represents fees collected for inspections of dry cleaning plants during January and February. Hogston pointed out that the de- ! partment is supported by an approi priation of the legislature but has j the right to use fees collected when necessary. There is no necessity for using the fees at this time, he said.

HUT SALON TO

BE CONDUCTED ATYJ. 0. A, Colored Group Will Hear Address Sunday by Lucile Morehouse. Miss Lucile E. Morehouse, art editor of the Indianapolis Star, will be the guest speaker Sunday afternoon at 5 o'clock in the second annual art salon program at the colored Y. M. C. A. Miss Morehouse has had wide experience and contact with leading artists of the country and has reviewed many of the best showings. She will talk about the work of some of the modern painters and will give some “close-ups” of the men themselves. These salons are informal teas and are arranged by the Intercollegiate Club, including eighty-five young college people, with Bernard Streets as president. Miss Lillian White and Miss Octavene Beacham are leaders of the program and social comittees. A musical cabaret to be given at the Walker Casino by t’-e Y. W. C. A. Tuesday at 7:30 p. is arousing enthusiasm among local clubs and choruses who B ill participate on the program. Raise Fund for Furnishings Purpose of the program is to raise money for furnishings for the new building, announced Mrs. Florence Young and Mrs. Susie Moten, leaders. The program will include Winston Twins and quartet, William Brooks, Cosmopolitan trio. Intercollegiate club. Frank Brown, Alpha Kappa Alpha sorority, (under graduate and graduate chapters,) Miss Octavene Beachem, Reginal Duvalle, Charles CaiT and St. Rita’s orchestra. Funeral services for Mrs. Minnie Shaflier. 79, of 1706 Boulevard place, who died suddenly Wednesday night, have been announced for Saturday at 3 o'clock at the home. The Re”. R. L. Pope will officiate. assisted by representative leaders of the citj’. Mrs. Shaffer was the wife of the Rev. George Shaffer, retired presiding elder of the A. M. E. church. Mrs. Shaffer had been identified prominently with religious and civic activities of Indianapols for a number of years. She also was a member of the Research Club. Burial will be in Crown Hill cemetery, in charge of C. M. C. Willis and Son, undertaking establishment. Surviving Mrs. Shaffer are her husband, two daughters, three sons, and one brother. A pageant under auspices of the Abdemelech Bible class of Mt. Zion Baptist church is scheduled at the church tonight. Mrs. IV E. Brown, leader in dramatics and vocal expression, has conducted rehearsals. Large crowds are ekpected from the several churches represented on the program. The Rev. S. B. Butler Is the pastor. Funeral Services Held Funeral services for Cecil Willett, 2203 Martindale avenue, accidentally killed Sunday at Twenty-third and Martindale, were held Wednesday afternoon at the home of Mrs. Mary Grigsby. 1877 West Twenty-sixth street. The Rev. G. W. F. Oldham, pastor of Beulah Baptist church, and the Rev. Robert Evans officiated. Burial was in Crown Hill cemetery, in charge of the firm of John A. Patton, undertakers. Survivors are four brothers and seven sisters. Free dental examinations, given by members of the Dental Research Society since April 1. will end Saturday night. Many are taking advantage of this special service, conducted in connection with the National Negro Health program, according to Dr. L. B. Meriwether, president Members of the society who are giving free examinations are: Dr. L. B. Meriwether. Dr. Fernie M. King. Dr. E. I. Brown. Dr. Frank E. Chowning, Dr B IV. Pritchett. Dr. P. L. Dickerson. Dr s' D. Meriwether. Dr. Fred Smith. Dr. Earl M. Robert and Dr. Otto Page. Dr. Vincent A. Lapenta, roval consular regent of Italy, will be the guest speaker Apii! 15 at the Monday Luncheon Club noon meeting at the Walker Coffe ft p n t Dr. Lapenta is stationed in Indianapolis and in addition to hi* consular duties is widely known as a practicing pyhsician. Civic League Busy The public improvement committee of the Northwest Civic League is centering its efforts on having West street resurfaced and to have some of the impassable side streets paved. A petition also has been filed asking for boulevard lights on West street. L. F. Artis is president and Danever Wines is secretari’. Miss Ellen V. Thomas will present students of the junior section of her progressive series classes in piano recital Sunday. April 28. at 3:30. at Greater St. John Baptist church. Martindale avenue and East Seventeenth street. Miss Theresa H. Genus also will present two of her students. The Rev. S. S. Reed is pastor. Missionary society of Second Baptist church will give a musical Monday at 8 o'clock at the church. This i s sponsored by Mrs. Ethel Shivers, president of the society. The Rev. B. J. F. Westbrooks is pastor. The Rev. H. O. Lankford of Asheville. N. C.. will conduct a ten-day meeting Sunday, at Jones Tabernacle A. M. E. Z.. Michigan and Blackford streets. The Rev. c. H. Bell, pastor of Mt. Paran Baptist church, will leave Monday for Elkhart, where he will conduct a ten-day meeting for the Rev. E. E. Mays. A musical program will be given at Mt. Olive Baptist church Sunday at 3:30 by pupils of Miss Lucile Collins, teacher of the Cosmopolitan School of Music and Fine Arts. Participants are: Rose Mary Birdwell, Pearl Geter. Ethel Davenport, Iren Sims, 1 irginia Hill, Emma McComb, Minnie King and Mamie Hayes. They will be assisted by Roosevelt Squires. This program is given under auspices of the B Y P. U. Music Promoters to Meet The Indianapolis Music Promoters will meet April 28 at 4 i m. with Mrs. Lillian Le Mon, 1936 .’.'„* th West street. Miss Mattie L. Stovall was soloist of a program New Bethel Baptist church Wednesday night. The Rev. Charles S. Will'ams pastor of St John A. M. E. church, spoke. A 'Rainbow'’ dinner will be given at Alpha Home. 1840 Boulevard Place. Thursday. April 18. at 6 p. m. for benefit of the home. The public is invited. Mrs. Dora Barnett is chairman. Friends club met at the club home. 2024 North Capitol avenue. Wednesday evening. The club presented the home with several pieces of iinen. The club will meet again Wednesday at 3 p. m. with Mrs. Hattie Knox. 1745 West Walnut street. Miss A. P. Kelly Is president. School 42 will hold its parents' meeting next Wednesday at 3 p. m. The speaker will be Walter Jarvis, superintendent of citv parks. Pupils of Mrs. Ruby Langford'.s room will give a “clean up” playlet. Musi will be by pupils of Mrs. Hazel Woolf oik and Mrs. Clara Hill. School to Give Show School 42 will give a benefit show Mon-

Tour World by Auto

Nearing- her goal ol being the first woman to travel around the world in an automobile. Fraulein Clairenore Stinnes. daughter of the late German capitalist, is shown with her companion. C. A. Soderstrom, and the German car in which the tour is being made. Arriving in the United States at Los Angeles, Fraulein Stinnes has started across the United States to New York, there to take ship for home.

day night at Northwestern theater. The play is “Speedy." The Girls' Glee Club and School 42 orchestra will present a program at St. Paul Presbyterian church. Twenty-fifth and Paris avenue. Sunday night. The Rev. J. L. Coleman is pastor. Sixty-third anniversary program at, Allen Chapel A. M. E. church will dose Sunday. The Rev. Charles T. H. Watkins, B. S., will preach Sunday morning and night. At 3 o'clock the Rev. H. A.. Perry. B. A. B. D. will preach. Music will be by the New Bethel Baptist choir.

At the Walker

The Whitman sisters, by popular request, are held over at the Walker for the next week. The story of the sisters is very interesting and unusual one. The show is made up of five sisters, each an artist in her line. The dancing of Alice Whitman has been praised by critics throughout the country. ‘She has had many attractive offers for movie and stage productions, but always has refused, the policj’ of the sisters being to stick together. Their next offering at the Walker will be “High Speed,” which has added to their farce wherever shown. With the large collection of talent, new songs and dances and special scenery for this set, it bids fair to proving a better show than this week. Among the features to look forward to are Alice Whitman and Bert Whitman in a different kind of song and dance act, called “Low Down.” Little “Pops” Whitman in a unique “step-dance.” Princess Wee Wee. reputed to be the world's smallest perfect woman, and Charles Anderson, yodeling familiar airs. On the screen, beginning Sunday will bo Buster Keaton in “The Cameraman,” showing some of the experiences of an amateur nicture getter. Thursday. Friday and Saturday another of those brisk, comical cutups “Just Married." will be shown with Ruth Taylor and James Ilr.il in stellar roles. NOVELIST TO SPEAK Sigma Delta Chi Alumni . Plan Program April 17, John Mellett, Indianapolis novelist, who writes under the name of Jonathan Brooks, will spr-'- at the annual Founder’s day dinner of the Indianapolis alumni chapter of Sigma Delta Chi, April 17, at the Spink-Arms. Eugene Pulliam, Lebanon, and Leroy H. Millikan, Indianapolis, charter members of the national professional journalistic fraternity, will be guests. Sigma Delta Chi was founded in 1909 at De Pauw university, Greencastle. Sinpe its founding the fraternity has granted chapters to fourty-four leading universities in the United States and Canada. Dudley Smith, president, and Robert C. Anderson, secretary, are in charge of arrangements for the dinner. More than one hundred will attend. The meeting will be open to all Indiana newspaper men. Delegations are expected from the chapters at Indiana, De Pauw, Purdue and Butler universities. Births Bovs Harry and Maud Nibloch. 2891 Shelby Fredrick and Catherine Alexander. Methodist hospital. Elmer and Margaret Koski. Methodist hospital. Henry and Hazel Wajenberg, Methodist hospital. Girls Eurett and Pearl Wright. Methodist hospital. Clarence and Helen Pvle. Methodist hospital. Raymond and Louise Hicks. Methodist hospital. Flovd and Emma Wheatley. Methodist, hospital. Albert and Ruth McCausland. Methodist hospital. Oscar and Margaret Daum, 7W North Berwick. Robert and Virginia McClellen, 1410 Finley. Alonzo Adeline Morgan. 402 South Addison. Deaths Froney Hotchkiss. 62. 3227 North Ralston. chronic myocarditis. Inez C. Brown, 48. St. Vincent's hospital, nephritis. Thompson C. Harden. 81. 828 River, arteriosclerosis. Elizabeth Wright. 75. 26 East Minnesota, valvular insufficiency. Ida Mav Berry. 54. Central Indiana hospital. chronic myocarditis. Laura Ethel Oldham. 46. Methodist hospital. acute myocarditis. Armlnta B Shaffer. 77. 1706 Boulevard place, acute cardiac dilatation. Cassie Jackson. 69. 2318 Columbia, chronic myocarditis. Cora Johnson. 65, Fletcher Sanitarium, acute dilatation of heart. William Thompson. 3. 2037 Boulevard place, pulmonary tuberculosis. Joseph Lee, 1 day. 1010 North Traufc. atelectasis. Anton Walter. 50. 1855 Koehne, carcinoma. Maurice T. Bakej. 39, 2167 North Meridian, cerebral hemorrhage.

MAGRUOER MAT GET NEW POST Consider Case of Admiral Rebuked for Criticisms. B.y United Press WASHINGTON. April 12.-A change in the “awaiting orders” status of Rear Admiral Thomas P. Magruder. former Philadelphia navy yard commander, may be made within the next ten days, it was learned at the navy department today. Charles Adams, secretary of the navy, is considering the case of Magruder, who was “called on the carpet” by former Secretary Lyman Wilbur after he wrote a magazine article criticising the navy for wasting money. For eighteen months he has been without an assignment—"awaiting orders.” Admiral Leigh of the bureau said some action affecting Magruder's case would probably be taken within ten days.

GIRL, 19, WHO SOUGHT TO END LIFE, CRITICAL Out of Work and in 111 Health, Orphan Tries Suicide. Miss Basil Wolfe. 19, who attempted suicide Wednesday afternoon, still is in a critical condition, city hospital authorities report. The girl, out of work and ill, had been living at 322 East North street. A ward from an Ohio orphan's asylum and an expert baby’s food dietician the girl was employed at a Columbus. 0.. hospital for some time, police learned. When she came to Indianapolis she was employed to prepare baby food in a private family. Later she worked at the Real Silk Hoosiery Mills, but quit work because of ill health.

Thomson & McKinnon INDIANAPOLIS CHK AGO NEW YORK MEMBERS New York Stock Exchange Chicago Boaro oi Trade New York Cotton Exchange Chicago Stock Exchange New York Curb Association 300 Fletcher American Bank Bldg. Telephone Lincoln 5501

A Show of Us HI M 13 Everybody P e P, Wm 11 1 |1 ■ Welcome Dash If ll> &■ i 1 Always and Go 1 INDIANA AVE. & WEST ST. | Come & See Held Over Another Week by Popular Request See Them Frolic Thru “HIGHSPEED” Featuring ALICE & BERT cast'of "LOW DOWN” 30—TALENTED I Someth.ng, ENTERTAINERS—3O A' #ft W Song and Damr Full of Pep, Ginger and Jazz NEW SONGS NEW DANCES NEW SCENERY \ They Whoopee In and Whoopee Out Sun., Mon., Tues., Wed. 1 —— ——^ — j Thurs., Fri., Sat.

APKIL 12, 1U29

CABLE NEWS GIVES WHEAT BETTER TONE Corn, Oats Steady to Unchanged; Trading Without Feature. Bn United Pr' ss CHICAGO, April 12.—Encouraging cables were a factor in giving wheat a firm tone on the Board of Trade today. Corn and oat* were about steady. No outstanding feature was in evidence in the early trading. At the opening wheat was % cent higher, corn was unchanged and oats were unchanged to % cent lower. Provisions were about steady. The wheat trade appears disinclined to pay much attention to other than farm relief news and crop reports from the southwest are gathering little interest. Weather there is clear and cool. With frosts reported in parts of Nebraska and eastern Kansas. Sentiment abroad appears to be changing, judging by the large export business. India was, said to be buying Australian wheat for July shipment today. Corn is getting good support from Chicago operators, because of the light receipts and prospects of a heavy reduction in stocks when the grain fleet moves eastward. Traders are inclined to change over from the May and take deferred deliveries. There has been good buying of, oats on all recessions lately for, although the early planting is showing up well, wet weather is delaying seeding over large areas. Chicago Grain Table —April 12— Prev. WHEAT— High. Low. 12:00. Close. Mav 1.21% 1.20% 1.20% 1.20’* . July 1.24% 1.23% 1.24% 1.24% September ...1.27% 1.26'* 1.26% 127 • Decembf- 1.31% 1.30% 1.30%- 1.30% CORN— Mav 92% .92'- .92% .92% July 96' * .95% .96 .96 September ... .96% .96% .96’• .96% December 89% .38’t .89% .89% OATS— Mav 49 .48 „ .4.9 .48% July 46’, .46;% .46’, .46% September ... .44% .44% .44% .44% RYE— Mav 1.01% 1.00% 1.00% 1.01 July 1.03'; 1.02% 1.02% 1.02% September ...103% 1.02% 1.02% 1.02% LARD— f May 11,95 11.90 11.90 11.95 July 12.32 12.30 12.30 12.32 September 12.65 12.63 RIBS— May 13.20 July 13.40 Bn Times Special CHICAGO. April 12.—Carlots: Wheat. 24; corn. 109; oats. 40: rye. 9. 4 LOCATION OF FACTORIES RESPONSIBLE FOR SMOG Professor Tells Furnace Men Why City buffers From Smoke. “Indianapolis industries are con- * structed on the windward side of the city instead of the leeward and as a result the city suffers fronl smoke and smog similar to London.” This declaration made by A. (?. Lyman, professor at the University of Illinois, at the closing session of the sixteenth annual convention of the National Warm Air Heating Association in the ClaypooL Professor Lyman although asserting that coal is the cheapest fuel, holds that it is costlier in the long run due to the necessity for redecorating homes, cleaning clothing and residences. He said oil f lowed coal in cost and that gas though the most expensive fuel eliminates smut and grime in cities. A research session with explanations of the work done in the association’s experimental station at the University of Illinois closed the convention. NOTED EDUCATOR IS ILL 1 Dr. Nicholas Murray Butler !e Threatened With Pneumonia. Bn United Press NEW YORK. April 12.—Dr. Nicholas Murray Butler, president of Columbia university, is in the Presbyterian hospital, threatened with pneumonia, it was learned today.