Indianapolis Times, Volume 41, Number 5, Indianapolis, Marion County, 17 May 1929 — Page 29

MAY 37. 3929-

EASIER CALL MONEY LIFTS STOCKS HIGHER Few Issues Record Small Losses: General Motors’ Ex-Dividend.

Average Stock Prices

A'.*r*g* if •’(■n- :r.<-itrlßir Thursday 3l "i. r 74 A '-s; of t-vn'v r..ls n* 149 03. off 26 Aver*?'- of forty bonds *a 44 14. off 29. BV ELMER C. WAIZER. United Prw< Financial Editor NEW YORK, May 17.—With brokerage; loans about me *ing expectations and prospects good for caster call money until month-end reoarements arrive, traders were again buying stocks today and prices were higher on the Stock Exchange. Gains ranting to more than a pein* were noted it; many issues and ffnly a nominal amount of fractional declines v. re distributed throughout the list. Trading was moderately active. Brokerage loans for the week ended Wednesday were up $14,000,000. The figure of $5,565,000,000 reported was a billion dollars above the point reached a year ago, but more than $200,000,000 below the peak reached last March 20. The rise this week was limited to loans for the account of others, while local and out of town bank, reduced their loans. General Motors was an early feature. Selling ex-dividend, the stock was at 82% up 2', points net. The buying was spurned by the announcement that the company had acquired a 40 per cent stock interest in Fokker Aircraft Corporation. North American again led the utilities, rising to anew high at

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Banks and Exchange

INDIANAPOLIS STATEMENT IndUr.ipo;;? bank ct.*rings Friday. , | Mtv 1" 44 96* 00C. debit*. *<2.530.000. NEW FORK STATEMENT ! Bv United press NEW YORK. Mav 17.- Bank clearing?. *1 527 000. br.0 clearing house balance. • *155 r.v, on' federal reserve bank credit ; balance. *145.000.000. TREWRY STATEMENT Bu t nitrd Pr-ss Washington. Mav 17. The treasury! bull: •- Mv 15. was *141.882.222.98: ' < orr.t r-eeipt-, to that date. $23,828.- I ; 167 43 ! 119. up 2', points from the previous! close. Copper shares were better, | with Anaconda up nearly a point at i 127. Montgomery Ward was strong iin the Mercantile section, while Loew s stood out in the amusements. Chrysler rose 1% to 84 and other motor shares were in demand. Lead- ' mg issues such as General Electric, j Union Carbide. Columbia Graphone, ! American Can and Packard were : strong. During tfcr early dealings, utili- . ; tie' stood out as a strong group. ! ' Fallow ing the lead of North Ameri- ! ran American Waterworks rose 2 p< ints to 90. w hile Consolidated Gas j was up a point at 116'*. and Stand- ; ; aid Gas firmed up fractionally to j Loriilard featured the tobaccos, ; reaching anew high at 31%, up TANARUS%. j ' F’eischmann was again the out- ; r, landing issue in the foods. The stock opened up 1% points at 75’I on a block of 10,000 shares. United States Steel held steady a; the previous close, while Bethle- ' hem rose a point to 106%. Radio |va up fractionally at 96%. Small losses were made by Nash, j Westinghou.se Electric, Mack Trucks j and Studebakoj-. j

Local Wagon Wheat

City grain elevators are paying $1.04 : for No. 2 red wheat and .31.00 for No. 2 hard. NEW YORK COFFEE RANGE —May 16— High. Low. Close. January 13.80 March 13 56 13.50 13.56 Mav 15.88 15.77 15.88 July 15.01 14.90 15.01 September 14.28 14.10 14.28 i December 13.87 13.77 13.87

HOGS STEADY TO 15 GENTS LOWER j IN LOCAL YARDS Vealers Sell 50 Cents Off: Not Enough Steers Here to Test Prices. ! 9 11.50 11.50 6.500 ; 10 11.50011.60 11 60 7,000 j It. 11.25 11.25 2.500 '3 11 40311.50 11.5') 6.000 ii\ 11.30011.40 11.40 7.500 ( 15. 11.00011 10 11.15 5.000 i 16. 10.75311.90 11.95 7.500 17. 10.759/ 10.90 11 00 7,500 Hogs were steady to 5 cents lower jin the local stock yards today. The I bulk of 160-300 pounds brought $10.75 to $10.90. Receipts were estimated at 7,000. and holdovers from Thursday's market totaled 828. There were not enough steers in I the yards to test prices. The she stock was slow to about steady, j Vealers were 50 cents lower, selling ; Sl4 down. The top price paid was : $14.50. The sheep and lamb market was ) steady. Native lambs sold at sl2 to sl3. fed westerns held higher. Shorn fat ewes brought around $5 to $6.50. The Chicago hog market opened with early sales and bids steady with Thursday's average. Bid on occasional load of 240-270 pound weights brought $10.65 to $10.75. Choice 180-220 pound averages sold at $10.85 to $10.90. Receipts were ! 13.000, including 2.500 directs, and | holdovers from Thursday’s market j numbered 7.000. Cattle receipts were 2,000; sheep i receipts were 7,000. Hog prices today were as follows: 250-350 pounds, $10.75 to $10.90; 200-250 pounds. $10.85 to $11; 160200 pounds, $10.75 to $11: 130-160 pounds, $10.25 to $10.65; 90-130 pounds, $9.50 to $10.25, and packing sows, $9.25 to $lO. Cattle receipts were 500; calf receipts were 900. Beef steers, $12.50 to $14.50; beef cows $9 to $11.25; low cutter and cutter cows, $6.50 to $8;

THE INDIANAPOLIS TIMES

Produce Markets

Butter (wholesale)—No 1,47348 c; No i2. 44046 c. Butterfat—Lb., 46347 c. Cheese <who<esaie selling price per .undi—American loaf, 38; pimento loaf, ’ 4Pc, Wisconsin flat. 29; prime cream. 37c; j Daisy. 25c; Longhorn. 25c; New York Um-ber-’er, 30c. Eggs—Buying prices: Fresh delivered at ; Indianapolis, loss off 28c. S Poultry ibuying prices! Fowls. 29%c; ! Leghorns hens. 26c: broilers full feathered. ; 35c; broilers bare back. 27c: Leghorns. 30c; ! old roosters, large 15c; small 10313 c; ; ducks. 12314 c; spring guineas. 30c; I turkeys. No. 1 young toms. 12 lbs. and u:>. 135238 c: No. 1 young hens. 35c a lb.; No. 1 old toms. 22fe25c. No. 2 old hens. 253 I 30c a lb. Bu United Press CHICAGO, Mav 17.—Eggs—Market firm; receipts, 24.021 cases; extra first!, 30V& ; 31 v *c: firsts. 303 30'c; ordinaries. 27 U 29c; seconds, 27%c. Butter—Market firm: receipts, 12.190 tubs: extras. 41%c; extra first.. 40% 4'. 1 <c; firsts. 39’ 1 0 40 1 <c; seconds. 38 ! 2039c; standards, 41%c. Poultry—Market, steady: receipts. 3 ears; fowls. 23-034 C; Leghorns. 24232 c; ducks. 24 Q 28c; geese. 17c: turkeys, 2930 c; roosters. 21c; broilers, 32 / 44c. CheeseTwins. 21%4i21%c; Young Americas, 22%c; Potatoes—on track 354; arrivals. 119: in transit. 733: market, new stock slow and weak, old dull: Alabama. Louisiana and Texas sacked triumphs mostly 53.75t.-4; ordinary Louisiana as low as $3.25; Wisconsin sacked round whites. 652 80c: Minnesota and North Dakota. 652 75c: Idaho sacked Russets, 51.752 1.90; fancy. $2. Bn I nitrd Pri ss CLEVELAND. May 17.—Butter—Extras. 43 va 4S* t c; extra firsts. 41 3 *i 43%e; seconds, SSL /41%e. Eggs—Firsts. 31c; ordinaries. 28c. Poultry—Fowls, Ssfe36c: Leghorns. 292 30c; ducks. 302 33c; old cocks. 182 19C; geese. 264} 27c; Stags. 20-i 22c. vealers, $13.50 to $14.50; heavy calves. $7.50 to sl2. and bulk stock and feeder steers, $9 to $12.50. Sheep receipts were 500. Top fat lambs, sl4: bulk fat lambs. sl2 to $3 3.50: bulk cull lambs. $8.50 to $11; bulk fat ewes. $4.50 to $6.50, and spring lambs, sl7 to sl9. —Hogs— Receipts, 7,000; market, lower. 250-350 lbs *10.75011.90 200-250 lbs 10.85'ti 11.00 160-200 lbs 10.752 11.00 130-160 lbs 10.252 10.65 90-130 lbs 9.502 10.25 Packing sows 9.25410.00 -CattleReceipts, 500; market, steady. Beef steers $12.50014.50 Beef cows 9.002 11.25 Low cutters and cutter cows. 6.600. 8.00 Bulk, stock and feeler steers. [email protected] —Calves— Receipts, 900; market, lower. Best veals $13.50214.50 Heavy calves 7.50 012.00 —Sheep— Receipts, 500; market, lower. Top fat lambs $14.00 Bulk fat lambs 12.00fe 13.50 Bui kcull lambs [email protected] Bulk fat ewes 4.&ofe 6.50 Spring lambs 17.00(1*19.00 Other Livestock Bu ! 'nitrd Press CHICAGO. May 17.—Hogs—Receipts. 13,000. including 2,500; prices mostly steady on weights under 220 lbs., heavier kind’s strong to 10c higher; top $11; bulk better grade 160 to 280 lb. butchers, $10,602.-11; butchers, medium to choice 250-350 Tbs., $10.252 10.85; 200-250 lbs., $10,404; 11; 160200 lbs., $104; 11. 130-160 lbs., $9.752 11; packing sows, $9.352 9.50; pigs, medium to choice, 90-130 lbs.. $9.25(7; 10.65. CattleReceipts. 2,000. Calves—Receipts, 1,000; , generally steady trade, very little here; j best yearlings. $14.60; few loads light I weight steers. $134; 14: slaughter classes, i steers, good and choice, 1.300-1,500 lbs., $13.25214.90; 1.100-1.300 lbs., $13.252 15: 950-1.100 lbs.. $13,350 15.15; common and medium 850 lbs. up, 510.754; 13.35; fed yearlings, good and choice, 750-950 lbs.. $13,504/ 15.25: heifers, good and choice, 850 lbs. down. $132 14.75; common and medium. $9.252 13; cows, good and choice, $9,752 12.25: common and medium. $7,754; 9.75: low cutter and cutter. $64/ 7.75: bulls, good and choice (oeef), $10211.50: cutter to medium, 58210.25; vealers <milk-fed l , good and choice. $lO2 14.50: medium, 592 10: cull and common, $74; 9; Stocker and feeder steers, good and choice < all weights'. $12,252 13.50: common and medium. $9.75212.50. Sheep—Receipts. 14.000; market slow and averaging 25c lower on lambs; shorn lambs. $13.25, few $13.50; wool skins scarce; California springers unsold, lev/ native springers. $154; 16; sheep steady with weigh y ewes, $150; slaughter classes, spring iambs, good and choice $15.75 ft 16.75: medium. $14.752 15.75; cull and common, $12.50214.75; lambs, good and choice 92 ibs. down. $12.50(217.60: medium. $11.50212.75: cull and common $8.75211.50; medium to choice 92 ‘.OO lbs. down. $11,254/ 13.75: ewes, medium to choice 150 l_bs. down. $5.752.7.25; cull and common, $2.502 5.75. Bn f nitrd Press EAST BUFFALO. May 17.—Hogs—Receipts. 1.800: holdovers. 200; market, steady; 250-350 lbs., $10,654( 11 15; 200-250 lbs.. $10,904/ 11.35; 160-200 lbs.. sll.lo® 11.40: 130-160 lbs.. $0,354/ 1.40; 90-130 lbs!. $10.75® 11.25; packing sows, $9.2529.75. Cattle—Receipts. 250: market. steady. Calves—Receipts. 1.100; market, 50c lower; beef steers. $12,502 14: light yearling steers and heifers. $13,254/ 14.50; beef cows. $9.25 210.25; low cutter and cutter cows, $5.75 28; vealers, $15215.50. Sheep—Receipts. 2,600; market, steady to weak; bulk fat lambs. $13,254/ 14.25; bulk cull lambs, $8.25 @11.25; bulk fat ewes. $72 7.50. Bn United Press PITTSBURGH. Mav 17.—Hogs—Receipts. 2.000; market, steady; 250-350 lbs., sll4/ 11.40; 200-250 lbs., $11.25211.50; 160-200 lbs.. $11,404/ 11.50; 130-160 lbs.. $10,252 11.50; 90-130 lbs.. $10.25211; packing sows. $9,50 2.10. Cattle—Receipts. 25: market, steady. Calves—Receipts. 175: beef steers. $12(814.50; light yearling steers and heifers, $11214; beef cows, [email protected]; low cutter and cutter cows. $627.75; vealers, $12.50215.50: heavy calves, $lO4/ 14.50. Sheep—Receipts, 800: market, steady to lower; top fat lambs, $14.50; bulk fat lambs, $132.14.50; bulk cull lambs. SB2 U; bulk fat ewes. [email protected]; bulk fat ewes, $62 7.50; bulk spring lambs. 5142T8. Bn Times Special LOUISVILLE. May 17.—Hogs—Receipts. 800; market 15c higher; mediums and lights. 130-300 lbs.. [email protected]; extreme heavies. 300 lbs. up, $10.25: pigs. 130 lbs. down, $6.6527-90; stags and throwouts. $7.802 8.40. Cattle—Receipts, 200: market steady; prime heavy steers. $122 13.50; heavy shipping steers. sll® 12; medium and plain steers, $9.50211: fat, heifers $9 2 13.50; good to choice cows, $9.50@10 50medium to good cow's. $729.50; cutters' $6.5027; canners. $5.5026; bulls, $7,50 2 10 : feeders, $9.50(812; Stockers, $8.50212’ Calves—Receipts. 300; market steadyfancy calves, $12.50; good to choice slo® 12: medium to good. s7@9: outs, $7 down. Sheep—Receipts, 200; market steady, springers. sl6® 17; fed lambs. sl3 down; sheep, $5.5026.50. Thursday’s shipments' Cattle, 65; calves, 210; hog's, 151; sheep', Bu United Press TOLEDO. May 17.—Hogs—Receipts, 400market, steady; heavies. $10.25210.75mediums. $10.8a: yorkers. $10,254/ 11; good pigs. $10,254/ 10.75. Cattle—Receipts, lightmarket, slow; calves, receipts, light; market steady. Sheep and lambs—Receipts, light; market, lower. Bu United Pn 8S CLEVELAND, May 17.—Hogs—Receipts, I. market, steady to 10c lower; 250350 lbs.. $10.65211.15; 200-250 ibs., $10,902 11, 160-200 lbs., $11(811.15; 130-160 lbs . $112.11.15; 90-130 lbs., $10.75 211; packing sows. $9.252 9.75. Cattle—Receipts, 200market, steers weak to 25c under Monday; cows, fairly steady; calves, receipts, 200: market vealers slow to 50c lowerbeef steers, $12.35® 13.50; beef cows. $92 10.50: low cutter and cutter cows. $6.502 8: vealers, $12.50215. Sheep—Receipts. 500J’® r *‘ e . ti ,J I°w 1 °w '0 25c lower: top fat lambs'. $13,504; 14; bulk fat lambs, [email protected]; bulk cull lambs, [email protected]. Bu United Press 9 ■mn NC w N iH ATI - Hogs—Receipts, 2.300, holdovers. 1,218; market, steady to U P,„ 250-350 lbs., $10,254/ 11; 200-250 lbs ;-_ 310.852 11.15; 160-200 lbs.. $10,754/ hV 5: J bs - 510.50® 10.85; 90-130 i b fg *8.75 2.10 50; packing sows. $8,502 9.50. Cattle—Receipts, 350: market, steady. Calves—Receipts. 400; market lower: beef steers. 512.50S 14.25; light yearling steers h F fers ' 312® 14.60; beef cows, $92 10.50: low cutter and cutter cows, $6,504? 8 vealers ,10*14: heavy calves. sll® 13. 50bulk stock and feeder steers. $10212 Sheep —Receipts 200; market, weak to 50c lower; Sn V 2 ' bulk H 1 lambs ViS?i b . UI K s2 :'6-50; spring lambs. Slbj/18. bulk cull spring lambs, sl2fel4. Bu United Press —fH"- Mav 17.—Cattle—Receipts. 125. Ca<ves—Receipts, 100. Hogs—Receipts. How’lpts. 50; market, stesdv; ?an n ihJ b ‘V, n S ,V 75: ,J 10 ' 140 l bs - $10: 140IS2 ht" i5?' 180 l bs -. $10.65: 180?K! n,V 2Ob-250 lbs., $10.65: 250S -.‘ -°- 50: 300-350 lbs.. *10.25; $9.2 a: stags, S7; calves. sl4; c.ipped lambs. sl3.

SPECIAL TRAIN TO LOUISVILLE, KY. GOING A>'D RETURNING SAME DATE KENTUCKY DERBY SATURDAY, MAY 18th Etarp Indianapolis 7:00 A.M. Leave Louisville 7:20 P.M. Arrive Indianapolis 9:50 A.M. <l4th A Main St.) U4th & Main St.) Arrive Indianapolis 10:15 P.M. Equipment: Parlor Cars. Pining Car and Coaches For tickets and full information apply to Ticket Agent, City Ticket Office, llfl Monument Place, Phone Riley 7353, or Union Station. Phone Riley 3355, or J. C. Millspaugh, Division Passenger Agent, Phone Riley 9331. PENNSYLVANIA RAILROAD

RUSH SELLING ORDERS LOWERS WHEAT PRICES Corn and Oats Also Sell Off: Chicago Traders Hold Bearish. Bu United Press CHICAGO, May 17— Stronger cable news could not prevent a rush to sell wheat on the more favorable crop weather at the opening today and future deliveries declined sharply in first minutes of trading. Corn ana oats sold lower with wheat. Near the opening wheat was Hi cent to 2% cents lower, corn was •% cent to 1 cent lower and oats were unchanged to “s cent lower. Provisions were unchanged. With wheat in the southwest approaching harvest, and reports running generally favorable, traders are having a hard time being anything hut bearish. Recently, however, there has been less inclination to press the declines. Although cash situation in corn continues strong and planting is considerably delayed, Chicago traders hold bearish because of the large stocks still on farms and opinion that price is out of line compared v.-ith wheat. More commission houses have been sponsoring the bull side of the corn market the past week. Cash interests have been good buyers of May oats recently, but tendency of pit traders to sell on all bulges have held prices within a narrow range. Trade in the deferred deliveries is small. Chicago Grain Table -May 17— WHEAT— Low , 12:00. close! Mav 1.03% 1.03% 1.02% ]o< . July I.oß* - 1.06% 1.06*b 1.08% September .. 1.12*4 1.90% ].o9' } t December .. 1.17% IT**-! IT4- 1 IT 1 CORN— May 86 .84 '4 .84% .86 July ,89*r .887, .87 .88% September ... .90% -88% -88% -JO** December .. .84% .82 % .8.. 'a .84/a OATS— Mav 47 1 a .46’a .46*8 .47 V 8 July 44*8 .44‘a .44 , .44_* September .. .43 'a .43 .43 December .. .45 *4 .45* .45* a .45-,s RYE— Mav 87' V R .85*4 .85*4 .8 /-'r juiv .88*< .85* B .85% .83 4 September .. .91*4 88* 1 .! .88-4 .91 4 LARD— Mav If- 47 n -3I July 1 1.67 11.85 11.65 11.75 September.. 12.05 12.00 12.02 12.10 RIBS— Mav ..... 12.25 July ....... 12-67 12.75 Bu Times Special CHICAGO. May 17.—Carlots; Wheat. 8; corn. 8; oats. 65; rye. 9.

In the Stock Market

(By Thomson & McKinnon) NEW YORK. May 17.—The restrictive campaign of the federal reserve board according to Thursday’s weekly statement, shows no sign of the slightest abatement. In fact, it indicates further efforts to curtail credit conditions, notwithstanding that member banks have again reduced rediscounts substantially. The trifling change in the brokers loans statement probably will be dismissed as unimportant, inasmuch as there was no raise in the rediscount rate. Were it not for the subject of credits, the entry of General Motors into the airplane industry and the unusually good report of Standard Oil of New Jersey might have an excellent market effect. We still feel, however, that the credit situation is uppermost and little will be gained by ignoring it.

The City in Brief

A membership campaign is being planned by the board of directors of the Indianapolis League for the Hard of Hearing. Dr. Ralph S. Chapell, president, has named Dr. D. W. Layman, Miss Jean Cochran, Miss Janet Shaw and Mrs. Ruth Oehler Katzenburger to a membership commitee. Examinations open to residents of this city and vicinity have been announced by the Civil Seiwlce Commission to fill vacancies in the positions of: Carpenter foreman for duties at Ft, Benjamin Harrison, salary of $1,680 a year; junior janitor, Indianapolis, salary of $1,200 a year. Persons interested may obtain full information from the civil service office, room 421, Federal building. Raymond F. Murray, attorney, w ill speak on “The Future of Democracy’’ at the monthly meeting of the Marion County Jefferson Club at the Denison this evening at 8. James Goins, 34, of 612 Warman avenue, was sentenced to five to twenty-one years in the state prison by Criminal Judge James A. Collins Thursday afternoon on a criminal attack charge. He was alleged to have attacked a 13-year-old neighbor girl last July. T. J. Faulconer has been appointed division freight agent of the Nickel Plate railroad here, succeeding L. L. Fellows, retired, it was announced today by H. C I isher, assistant general freight agent. Permission to buy the New Al-bany-French Lick bus line owned by Dillard M. Pate and W. Hay Kittrell was asked of the Indiana public service commission today by the Greyhound Lines, Inc.

, New York Stocks (B-> Thomson ® McKinrom

—May 17— Prev. Railroads— High. Lot. 13:00. Close. Atrhison .. 198** 19. 1 iM 1 * 19' Bait Ac Ohio ...118 117% 11.;a 118 Canadian Pac 230*, 230 230*, 330 Chesa & Ohio • Chesa Coro 93 92% Chi Ac N West 82 82 Chi Grt West • lg* C R 1 Ac P 122 >, 122 122 122 Del Ac Hudson ■ *92 Del Ac Lacks.... 12 12!’, 121 , 121 Erie 72 72% .3*a ’2% Erie Ist pfd S9> 59% Ort Nor pfd ... 1 111 Central ... 13. <36, Kar. City South 85 84-a Lou Ac Nash 142 142 M K Ac T 48-a 48* Mo Pac pfd .. . .138 135’s 136 136 N Y Central 181 j 191'j N Y CAc St L 132*, 133 NY NH Ac H ... 98*, 96', 96’, 96*1 Nor Pacific 100% Norfolk Ac West 195% lj)s*a OAc W . ... .... 26 Pennsylvania .. 76 * 76*a .6% (6 7 P Ac W Va 129% Reading 106*, 10.*a Southern Rv .. . • 139 139 Southern Pac ..139*. 129% 136*, 130 St Paul 31*, 31*a 31 *a 31*a St Paul pfd .. 50*, 50’a 50', 50*. St L & S W ... 93* 8 St Uc 5 F , . .. 110'.- 110 Union Pacific ...219’, 21.*, 21.*, 216' West Maryland.. 43*, 43‘a 43*a 43 1 s West Pac 35*a ... Rubbers—i lav I*A 6'' 4 Fisk 11 10% 10% 11 Goodrich 84’, 84% 84*, 84% Goodyear 135* 134% 134% 135% Kelly'-Spgfid 18. 17*, Lee 18 7 3 18*, 18% 18*2 United States .. 56% 56*, 57 57% Equipments— Am Car Ac Fdv, .. .. 98 99% Am Locomotive. . ... It"’, 116 Am Steel Fd ... 63% 63 Am Brakes 5.... 53*4 53 53 52% General Elec .289% 282 289% 280*. Gen Ry Signal .112 Ill's 112 110 Gen Tank 87 N Y Airbrake .. 45% 45 Pressed Stl Car. . 20 19*4 20 19% Pullman 83* t 81 83*, 80-* Westlngh Air B. 46% 46% Westlngh Elec ..167 163% 165% 164'% Steels— Bethlem 106% 105 105 105', Colorado Fuel.. ... 64 65% Otis 42 41*4 41% 42 Gulf States St! 63 Inland Steel ... 90 87 Cruciblf ... 90 89% Rep Iron Ac Stl.. 93*2 93% 93% 93 Sloss-Shefl .... . . ... 105 U S Steel 176% 175% 176 175% Alloy 46*8 46 46*8 43*, Youngstwn Stl.. .. ... 129 126*2 Vanadium Corp. 91 90 90*4 89% Motor*— Am Bosch Mag. 67% 65% 67% 65% Briggs 41% 41‘a 41% 41*2 Chrysler Corp.. 85 83% 83% 83*, Eaton Axle ... ... 66 Graham Paige .. 33% .32% 33 33% Gabriel Snhbrs. 26% 26 26*2 26 General Motors. 82*, 80*, 81% 81 Hudson 87 7 a 87 87% 87% Hupp 52 52 Auburn 254 240 244 236 Mack Trucks ...101% 100% 100% 100% Marmon 100*8 99% 100% 99% Reo 27% 26*8 27 5% Motor Wheel .. 46% 45% 46*8 46 Nash 95 94 Va 94% 95 Packard 150% 147% 148% 149*, Murray 93% 92% 93 92% Pierce Arrow .. .. ... ... 33% Studebaker Cor. . 82 81% 81% 81 Slew Warner .. 76 75% 75% 75 Stromberg Carb. . ... 104 101 *a Timken Bear 90% 89% 90 89% Willy s-Overland. 25% 25% 23% 26% Yellow Coach.... 46% 45% 45% 45% White Motor ... ... 43% Mining— Am Smlt Ac Rfg.102% 101*4 102% 101% Anaconda Cop . .129% 127 128% 226% Calumet Ac H 42 41*2 * 42 42 Andes 52*, 50% 52% 51% Gronev ... ... 75% Greene Can Cop 154*.. 154 154% 154*, Inspiration Cop 44% 42% 43% 42% Int Nickel 53% 51% 52 52 Kennecott Cop. 90 87% 89% 87% Magma Cop 71% 68% 71 68% Nev Cons 47% 45% 46% 46% Texas Gulf Sul.. 78% 78 78 77% U S Smelt 60% 59% 60% 59% Oils— Atlantic Rfg .. 69% 68% £9 69 Barnsdale 46% 45% 46 45% Freeport-Texas.. .. ... 45', 46 Houston Oii ... 93‘,2 92% Indp Oil Ac Gas 38% 38 38% 38% Marland Oil ... 38% 38 38% 37% Mid-Cont Petrol 36% 35% 30% 35% Lago Oil & Tr 28 Pan-Am Pet B. 62% 61% 61% 61% Phillips Petrol. 40% 40% 40’% £O% Prairie Oil 57% 57 Louisiana 0i1... 14% 14% 14% 14% Pure Oil 29% 28% 29 28% Prairie Pipe 60% 59% 60% 60% Shell 30 29*2 29*2 29% Richgeld 47% 47 47% 46% Sinclair Oil 38% 38 38 37% Skelly Oil 43 42% 43 42 Std Oil Cal 78 77% 77% 77% Std Oil N J 60% 60 60 % 59% Std Oil N Y 41% 41% 41*2 41*2 Texas Corp ...< 64*8 64% 64% 64% Transcontl ... 12% 12% 12V 12*8 White Eagle.,.. .. Industrials— Adv Rumely.... 71 70*% 70% 61% Allis Chalmers .196 395 196 193 Allied Chemical 291% 285 291*, 284 Armour A 12% 12% 12% 12% Amer Can 144% 143 143 143% Alaska J 6 5%, 5% 5% Am Roll Mill .... ... 116% Borg Warner ..136% 135 136% 133% Am Safety Raz 68% 67% 68% 67 Am Ice 43 Vi 43 43 43 Am Wool 20 Curtiss 158 148% 149*, 150 Coca Cola ... 128 Conti Can 72 71% 71% 71% Certainteed ... 24% 23% 24% 23% Congoleum .... 23% 23% 23% 23% Davison Chem.. 55% 55% 55% 55 Dupont 173% 172% 173 172 Famous Players 70% 67% 70% 69% Fox (A) 94% 93% 94 93% Gold Dust 64% 62*% 64 63% Glidden 45% 45% 45% 45% Link Belt ... ... 53 Int Harvester ..115% 114 V, 114% 113 Lambert 143 139*, 143 140% Loews ... 60% 60 Roister 38% 38% 38% 38 Montgom Ward .122*% 121 121 121 Natl C R 121*8 120 120 121% Radio-Keith .... 33*/i 32*i 33 32*% Un Air Craft ...144% 141*7 142 142*% Radio Corp 96% 94% 95*2 96 Real Silk 75% 75% Rem Rand 32% 32% 32% 32% Sears Roebuck .160’% 159% 159’, 157% Union Carbide .. 83% 82% 82% 83% Warner 133% 131% 131*, 131 Univ Pipe 14*/a 14 14% 14 U S Cs Ir Pipe 4040 U S Indus Alco.. 165 V, 162% 163% 164 Worthington Pu. .. ... 50% 50 Woolworth Cos ..227 226% 227 226% Utilities— Am Tel & Tel. . .215*, 215*8 215% 216 Am For Power.. 114 112% 112% 112% Am Wat Wks... 93% 90 92% 88 Brklvn-Manh A. 66% 85% 65% 66% Col GAc E 73% 72 73% 70% Consol Gas 116% 116 116 115*,, Elec Pow Ac Lt.. 69% 68% 67 68 United Corp ... 69*/, 67*8 67% 67% Nor Am Cos 119 118 118% 116% Natl Power 54% 54% ''4% 53% S Cal Edison ... 57*, 56 56 56 Pub Serv N J... 90% 90 90% 90 Std Gas Ac E 1... 94% 94% 94% 94% Utilities Power.. 42 41% 41*, 41% West Union Tel. 192 190*/ 192 192 Shipping— Am Inti Corp .. 66% 65*8 86% 65 Ati Gulf Ac W I. 62*8 71 % 62% 61 Inti Mer M pfd. 45 43% 44 43 United Fruit 126 126'-, Foods— Am Sug Rfg .. . 80% 80'a 80% 80% Kroger 89% 86% 88% 87 Beechnut. Pkg .... ... 80 California Pkg . 76 75% 75% 75% Corn Products... 94 92*, 93’, 92% Cuba Cane Sug.. 8% 7% 7% 8% Cuban Am Sug.. 11% 11 Vs 11% 11% Flclschmann Cos. 76% 75% 76 14% Jewel Tea 152%- 152% 152’, 151% Kraft Cheese ... 48% 47% 48*, 48 Nat! Biscuit 177*2 176*2 177 Vi 178 Vi Natl Dairy 133% 132% 133*8 132 Postum Cos 78 74% 77V, 74% Ward Baking B. .. . . ... 11 Tobaccos— Am Sumatra ... 47% 45% 46% 45% Am Tob B 179% 178 178 178 Con Cigars ... 86% 86% General Cigar... 70% 70 70*2 68’, Lig A- Meyers... 92% 90% 92% 90% Loriilard 31% 30% 30*2 39%

On Commission Row

Fruits Apples—Box Delicious. $3.50®4: Pox Stayman. $2.5602.75: box Rome Beauties. $2.7503; bushel Jonathans. $2.2502.75: Rome Beauties. $5. 5011:6. 50 a bbl. Greenings. $6®6.50 bbl.: Rome Beauties. $606.50 bbl. Grapefruit—Florida. $304: Texas. $4.50 Lemons—California, a crate. $4 50 05 76 Limes—Jamaica 100 bv count $3 Oranges—California navel, a crate S4O 7.50: Florida. $3.5004. Strawberries—Alabama. 24-pint crate, [email protected]. Vegetables Artlchorkes—s2.so a dozen. Beans—Southern stringless. $3.50 a hamper. Carrots—Texas. $303.50 5-doz. crate. Cauliflower —California. $2 75. Eggplant—sl 5002 a dozen Parslev—Home grown dozen bunches tbc Parsnips—sl.2s a bushel. Peas—Arizona. $5.50 a 45-lb. box. Peppers—Florida, a crate. $5 06. Radishes—Button hothouse doz. bunches 75c. Spinach—Texas. $1.25 a bushel. Turnips—slol.2s a bushel. Tomatoes—Repacked. 6-basket crate. $709. Cabbage—Texas, new cabbage. 3'Ac. Kale—Bprlng. a bushel. $1.25. Celery—Florida. $303.50. Lettuce—California head, crate $4.5005: home-grown leaf, a bushel 65075 c Onions—Yellow, a 100-lb bag. S4TS: red. $5 a bag: Spanish a crate $3.25: western $5.75. new Texas a crate $4 50 Shallots—3s 0 40c a bunch. Potatoes—Michigan round white/.. 150 lbs., $1.75; Ohio. $1.7501.85: Idaho. $2.5003 a bag: new Texas trlumpha. a 100lb. bag $6.50. Rhubarb—6oo7sc a 5-lb. bunch. Coconuts—ss.so a bag of 100. Sweet Potatoes—lndiana Jersey. $3.75 a bu*hel: No 2. $1 50 bushel: Nanrv Hall. Beans—Southern stringless, $3.7501 a hamper.

R J Reynolds . . 58% 57 5 a 58% 5.% Tob Products B 17% 14J, 17% 16% United Cigar St. 21% 21% 21% 21% Schulte Ret Strs 24% 23*, 23% 23% Stand Com Tob. 28 27% 2" 27% Grand Union C 25% 25*8 Grand Union pfd *6’, 48

Indianapolis Stocks

—May 17Bid. Ask. American Central L Ins C0....800 Beit R R Ac Y’ds Cos com . ... 65 69 Beit R R A: Yds Cos pfd 57 62 Central Ind Power Cos pfd.... 93% 99 Circle Theater 108 Cities Serv Cos com 28% ... Cities Serv Cos pfd 96Va Citizens Gas Cos com 30 ... Citizens Gas Cos pfd 96 Commonwealth u Cos pfd ...100* j ... Equitable Sec Cos com Hook Drug Cos com 43*2 ... HorufT Shoe Corp com 15% Ind Hotel Cos Clavpool c0m...125 Ind Hotel Cos pfd 102 Ind Serv Corp pfd 90 91 Indpls Gar Cos com 58%' 62 Indphs & Northwtn Tr Cos pfd 6 Indpls PA I pfd 102 104% Indpls Pu Wei L Assn com . 50% Indpls St R R Cos pfd ....... 28 31 Indpls Wa Cos pfd 99 Inter Pub Ser pr 11 pfd 104% 106% Interstate Pub Serv Cos pfd... 92 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 . <8 102 Prog Laundry Cos com 47 E Raub & Sons Fert Cos pfd.. 50 Real Silk Hosiery Cos pfd. .. 98 Standard OH Cos of Tnd 56% ... T H Indpls & E Tr Cos pfd.... 6 T H Trac A- L Cos pfd 91% Union Trac Cc com % Union Trac Cos Ist pfd 1 Union True Cos 2nd pfd % Union Title Cos com 45 V Camp Prod Cos Ist pfd 93% 100 V Camp Prod Cos pfd 92 -BondsBid Ask. Beit R & S YCo 4s . 8V Broad Ripple Trac Cos 5s .... 60 Cent Tnd Gas Cos 5s 95 98% Central Ind Power Cos 6s ... 98 Chi S B As K Ind Rv Ist ss. Citizens Gas Cos 5s 100 104 Citizens Street Railroad 5s ..74 Gary Street Rv Ist 5s 83 87 1 ? Home T & I of Ft Wayne 65.. 10! % Indiana Hotel Cos 5s 100 Ind Northern Trac Cos 5s .... 2 6 Tnd Railway A: Light Cos ss. 95 Indiana Service Corp 5s 88 Indpls Power and Light Cos. 98 Indiana Union Trac Cos 5s . . 2 Indpls Col & Trac 5s 98 100 Indianapolis Gas Cos 5s 98% Indpls A Martinsville T Cos 5s 15 Indpls No Trac Cos 5s 7 10 Indpls At N W Trac Cos 5s 15 Indpls Street Ry 4s ,56 61 Indpls Trac A- Terminal Cos 5s 93 95*. Indpls U Rv 5s J 1965 A 8...101 Indpls Wafer Cos 6s. 1953 101 102*4 Indpls Water Cos 5%5. 1954..101 102 % Indpls Water Cos lien & ref 5s 95 Indpls Water Cos 4'st 93 Indpls Water Works Sec Cos 86 Interstate Serv Cos 4%s 89 Interstate Public Service Cos 5s 96 Interstate Pub Serv Cos Bibs 104 No Ind Pub Service Cos as ... 97 No Ind Teieph Cos 6s. 1931... 98 99% T H A E Trac Cos 5s T H Trac and Light Cos 5s ... 91 Union Trac of Ind Cos 6s 8% 11 —Government Bonds— Liberty Loan 3%s 97.82 98.02 Liberty Loan 4%s 99.14 99.34 Liberty Loan 4s 9P.40 99.60 U S Treasury 4%s 108.20 108.40 U S Treasury 4s 10'.32 104.52 U S Treasury 3V,s 101.08 101.28 U S Treasury 3%.-,. 1943 97.40 97.60 RAIL IMPROVEMENTS TOTAL $45 MILLION Five New England Roads to Better Equipment. Bit J imt s Special BOSTON. May 17.—Capital expenditures for improvements totaling almost $45,000,000 will be made in 1929 by five New England railroads. according to a survey conducted by the New England Council, all-New England development organization, and made public here today. These five roads, the New York, New Haven & Hartford, the Boston & Maine. Boston & Albany, Bangor & Arostock, and Maine Central, will spend this year a total of 844,695,000 for freight and passenger service betterment as compared with some $20,000,000 expended by the same roads for improvements in 1928, the survey indicates. Additional equipment, new buildings, new freight terminals, new rolling stock, and improved road bed and bridges are included in the improvements to be made. The result will mean additional speeding up of freight shipments into and out of New England, and is expected to improve still further the advantageous facilities which New England manufacturers now have as regards transportation to major market areas of the country. Outstanding developments scheduled for the current year, the survey shows, include new equipment for two big freight terminals of the New York, New Haven & Hartford railroad, one at New Haven and the other at Providence, entailing together an expenditure of $1,750,000 In all. this road will spend between $18,000,000 and $19,000,000 for betterments and new equipment in 1929. Cave-In Traps Digger CRAWFORDS VILLE, Ind., May 17.—Charles Shurr narrowly escaped serious injury or possibly death when a cave-in buried him to his neck while he was working in a trench at the Crawfordsville Electric Light and Power Company plant. Fellow workmen struggled frantically to save him for fear another cave-in might occur. Shurr w-as badily bruised.

MONEY TO LOAN MORTGAGES STATE LIFE Insurance Cos. 1235 STATE LIFE BLDG.

Lost or Stolen Stock Certificate Number 72 for 500 shares of Columbia Securities Cos. Common Stock in the name of John Johannigman. Any person offering said certificate for sale is not the lawful owner thereof, and the public is warned not to purchase same. Columbia Securities Company 152 N. Delaware St.

PAGE 29

MANUFACTURER ASKS CHANGE IN TARIFF CONTROL More Power for Hoover, Urged in Talk Before Executives. Suggestions for improving tariff administration and putting it on a more nearly permanent basis by wnich disturbing general revisions may be avoided have been submitted to congress by organized manufacturers. John E. Edgerton. president [ of the National Association of Manufacturers and chairman of the National Industrial Council, told Indiana manufacturers at a lunchj eon at the Columbia Club today. "The American people overwhelm- : ingiy indorsed the application of i the protective principle in the last ; flection.'' Edgerton said. ‘‘No matter in what form the coming tariff revision is cast, the necessity for the adjustment of rates in order to make practically effective the protective policy declared, will continue to exist." Edgerton added that the association already has declared for impvovements in the tariff commission: for making it nonpartisan instead ot bipartisan, and for an improvement in its personnel and administration. as recommended by President Herbert Hoover. Other recommendations were: "To change the present congressional standard of adjustment from the difference between foreign and domestic costs of production to ascertain differences in conditions of foreign and domestic competition. "Removal of the limitation upon the action of the executive which now confines him to a limitation of 50 per cent in the range of change. "In the ascertainment of the facts at issue, the President is to have the aid of the tariff commission, who are to provide opportunities for appropriate hearing in connection with investigations or applications for adjustment, and the Presidem may not issue a proclamation or adjustment until the commission has investigated and made its recommendation. "To make such a conception of tariff adjustment effective, it is urged that the tariff commission should be composed of an odd number of members to prevent deadlocks. The membership should be men of high qualification and compensated equally with members of the interstate commerce commission, and the body should no longer be made bipartisan by law, but chosen solely upon capacity to discharge the special function submitted to them." MIRROR STOPS TRAINS BERLIN. May 17.—Dr. Baeseler, German scientist, has successfully demonstrated over 4,000 times anew device to stop trains by means of a mirror. A mirror of many facets is placed in a semaphore signal and the light from the oncoming locomotive is picked up and thrown back to a selenium cell on the engine. This in turn, works the brakes, bringing the train to a stop within a few feet.

Middle West Utilities Company T{oticc nf ‘Dividend on ‘‘Prior Lien Stock The Board of Directors of Middle West Utilities Company has declared a quarterly dividend of Two Dollars ($2.00) upon each share of the outstanding Prior Lien Stock, having a par value of SIOO a share, and Cine Dollar and Fifty Cents ($1.50) upon each share of the outstanding $6 Cumulative Non Par Prior Lien Stock, payable June 15, 1929, to the holders of such Prior Lien Stock, respectively, of record on the company's books at the close of business at sfO o'clock P. M., May 31. 1929. EUSTACE J. KNIGHT, Secretary.

jijly As America Grows A CAREFULLY selected group of rep—cntative investment stocks such as General Electric. United States Steel, Standard Oil, International Har vester, or Pullman, en ables you to draw sub stantial dividends from / widely diversified group of leading and prosperous enterprises. These and other stocks of equal investment character, tin derlie FLXED TRUST SHARES. No substitu tion of stocks may be made. Dividends are stab ilized through a Reserve Fund. Sind }or descriptive booklet City Securities Corporation 108 East Washington Street