Indianapolis Times, Volume 41, Number 35, Indianapolis, Marion County, 21 June 1929 — Page 29

JTXE 21. 1029

STOCKS DISPLAY IRREGULAR TONE IN MART DEALS Rail Shares Rule Strong, Featured by Atchison: Coppers Advance.

Average Stock Prices

. Indus rial Thursday 71' 77 up 152 Average of twen'y •ails 7as 156 43. off .20 Average Os forty fond* ia; r>3 6*. up 06. BY ELMER C. WAI.ZER United Pro. Financial Iditor. N ;t:n YORK June 21. The inerts/- of 1136,000 000 in broker tee loans reporteei for the veek rnderi June 10 had an unset time effect on the stock market in early dealings today. Prices moved irregularly between tains ranging to more than 3 points and los t which emended to a point. Baldwin made the best gain at the r, i- et. rising 3’ poirr to ’4B. while selling in American Water Works brought that issue down a point to 140 T''e lirst sale of Royal Baking Pc.'drr was made at 35’., up on a c:<ai of 0.000 shares. it .dread share ruled strong, feat by Atchison, which gained 1 . to 2’9 .. New York Central was bid up fractionally, while Eric lost sliplh iy. Radio Corporation of America, American Can, Packard and Hudon made small gains. Small losses weir recorded in Westinghouse Airbrake. American Locomotive. Interna t.onal Combustion and Internaliena! Nickel. Copper stocks leaped into prominrnce shortly after the opening. Anaconda opened 5.000 shares at 111 unchanged. Then it came out 2.000 at 111 % and later advanced further. In the early dealings, irregularity ys.s till noted, although quite a feu ot the early favorites were carried higher. Electric Power and t ight was bid up to anew high and Baldwin continued to advance. The heavy transaction in Royal followed announcement by J. P. Morgan & Cos. of a proposed conolidation on Royal and Fleischmaim into a 5450.000.000 concern. Fleischmann opened 600 shares at 86 off point, the decline being

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Banks and Exchange

INDIANAPOLIS rtatfmfnt Indianapolis bank clearing- Friday J 21. 53.522.000 debit*. $7,436,000 NEW YORK STATEMENT it it f nit, ,I /'r. .* NEW YORK. June 21 Rank clearing-. J1.ri80.000.000 czarina house balance. 5155.000.000. Federal Reserve bank credit balance. *150.000.000. TRF.ASVRY STATEMENT It,/ t „it, ,/ I'r, -- WASHINGTON. June 21 -Treasur' bet haiat.i t June 15. *365.133.605 f-3 . custom* receipt* to that date. $34,406,076 4 attributed to profit-taking on the announcement of the good news. While some of the utilities were under profit-taking pressure others moved into higher ground. Brooklyn Union Gas spurted 3 points to 208 and small gains were made by Standard Gas and Consolidated Gas.

In the Stock Market

Bv Thomson A- McKlnnom NEW YORK. June 21.—We may as well accept the popular and logical explanation for s he large increase in brokers, that is, payment for new stock issues for the greater part, and partially for the recovery in the stock market as a whole. Fluctuating brokers’ loans statement will not. to our way of thinking. retain the importance they had when money rates were working toward steadily higher levels. With rates moving downward and gold coming in in a steady stream, the entire credit structure appears to be definitely headed toward a firmer and more normal base. Asa matter of fact, we believe this side of rhe situation can now be considered as of secondary interest with so many other factors entering into the financial picture. Surely the foremost banking house in the world would not attempt to bring about another gigantic merger at this time if financial difficulties, had nor. been surmounted. There are entirely too many favorable factors unfolding almost daily to justify anything hut an optimistic outlook.

Produce Markets

Butter < wholesale!— No. 1. 47% 48c; No. _ %,, 46c. Butterfat—Lb. 46 V 47c. Cheese 'wholesale selling price per pound! - American loaf. 38c; pimento loaf. 40c- Wisconsin flat. 29c: prime cream. 37c; Daisy, 25c; Longhorn, 25c; New York limberger. 30c. , ~ , Fcgs—Buving prices: Fresh delivered at Indianapolis, loss off No. 1,28 c; No. 2. 3c. Poultry 'buving pricesl—Fowls. 23c: Legnorns hens. 18c; broilers full feathered, 33/ : broilers bare back. 23c; Leghorns. 23c; old roosters, large 15c; small 10 %13c: ducks. 1247 14c: spring guineas. 30c- turkeys No. 1 voung toms. 12 lbs. and up. 35% 38c No. 1 voung hens. 25c a lb.; No. 1 told toms. 22'-/ 25c; No. 2 old hens, 2541 30e a lb

HOGS LARGELY 5 TO 10 CENTS OFF IN TAROS Beef Cows Weak to Lower: Lambs Steady to 50 Cents Off. June Bulk Top. Receipts 14. 15. 11.054/11.25 11.25 3.50 C 17. 11.40-1 71.30 11 50 3.500 18. 11.404/ 11.60 11.60 6.500 19 11 30 /11 60 11.60 7.500 20. 11 30 / 11 40 11 40 7.000 21. 11.20 " 11.35 11.35 5.000 Hogs were 5 to 10 cents lower at the Union dockyards today. The bulk of 160-250 pounds sold at, $11.20 to $11.35. Receipts were estimated at 5.000. and holdovers from Thursday’s market numbered 1.196. Beef steers were steady, while beef cows were ’.teak to 25 cents lower in the cattle division. Vealers were largely 50 cents off. The top bringing sls. Lambs were steady to 50 cents lower, mostly selling at $13.50 down. The top price paid was sl4. Sheep were steady. The Chicago hog market opened with early trading slow and steady with Thursday's average. Numerous bids on 180-210-pound weights brought $11.15 to $11.25. Paying around sll to sll.lO for choice 230250 pounders. Receipts were 15.000. including 3.500 directs, and holdovers totaled 11,000. Cattle receipts were 2.000; sheep receipts were 6.000. Hog prices today were as follows: 250-350 pounds, $10.40 to $11.05; 200-250 pounds. sll to $11.35; 160200 pounds, $11.25 to $11.35; 130-160 pounds, Sll to $11.25; 90-130 pounds. $10.25 to $lOfT5, and packing sows, $9.25 to $lO. Cattle receipts were 500; calf receipts were 600: Beef steers, $13.50 to $14.50; beef cows', $8.25 to $11; low cutter and cutter cows, $6 to $8; vealers, sl4 to sls; heavy calves, $7.50 to sl2, ana bulk stock and feeder steers. $9 to $12.50. Sheep receipts were 700: Top fat lambs. sl4; bulk fat lambs, $12.50 to $13.50; bulk cull lambs. $9 to $10.50, and bulk fat ewes, $4.50 to $6.50.

—Hogs— Receipts, 5,000; market, lower. 250-350 lbs 10.40'ei 11.05 200-250 ibs 11.00ai1.35 160-200 lbs 11.251,11.35 130-160 lbs 11.00'S 11.25 90-130 lbs [email protected] Packing sows [email protected] —Cattle— Receipts, 500; market, steady. Beef steers $13,501,14.50 Beef cows 8.25® 11.00 Low *cutter and cutter cows.. 6.001, 8.00 Bulk stock and feeder steers. [email protected] —Calves— Receipts, 600; market, steady. Best veals $14.00® 15.00 Heavy calves 7.50® 12.00 Receipts, 700; market, steady. Top fat lambs $14.00 Bulk fat lambs 12.504, 13.a0 Bulk cull lambs 9.004,10.50 Bulk fat ewes 4.50@ 6.50 Other Livestock Bit United Press CHICAGO. June 21.—Hogs—Receipts, 15.000: including 3,500 directs: market, around steady, with Thursday’s general trade; extreme top. $11.25 paid for closely sorted. 175-195-lb. averages; bulk desirable, 160-240 lbs.. $114,11.15; butcher, medium to choice, 250-350 lbs.. $10,401,11; 200-250 lbs.. $10,651,11.20; 160-200 lbs.. $10.504,. 11.25; 130-160 lbs.. $10,351,11.20; packing sows. $n.25i,11.10; pigs, medium to choice, 90-130 lbs.. $104,11. Cattle- Receipts. 2.000; calves, 500: market, very uneven; slowtrade on all kilting classes, choice steers absent, best sls; finished steers and yearlings higher for the week, but all others unevenly lower; she stock, $1 to $1.50 lower and today's trade dull at week's decline; slaughter classes, sters. good and choice. 1300-1500 lbs.. $14,254, 15.75; 11001300 lbs.. $14,254, 15.75; 950-1100 lbs., sl4 ni 15.75: common and medium. 850 lbs., $11.25® 14.25: fed yearlings, good and choice, 750-950 lbs.. $13.75® 15.50; heifers, good and choice, 850 lbs. down. $13,504,15; common and medium, $9,504, 13.50: cows, good and choice. *94,12; common and medium. $71504,9; low cutter and cutter. $64, 7.50: bulls, good and choice beef. $10.25® 11.50; cutter to medium, $8(510.35; vealers milk fed. good and choice. $134, 15.50; medium. $10.50(5.13; cull and common. SB4, 10.50; Stocker and feeder steers, good and choice, all weights. $12,254/13.25; common and medium, $9.75(512.15. Sheep—Receipts, 6,000: lambs prices steady, bulk $14.25 „ 14.50: top. sl4. ,5; yearlings, steady to 25c higher; hulk. sl2® 12.25; top, $12.50; fat ewes. $64,6.50; lambs, good and choice. 92 lbs. down, $14.25(5 15.0: medium, $12.75 92 lbs. down. $14,254, 15.40; medium, $12.75 ewes, medium to choice. 150 lbs. down, $5.501,6.75: cull and common. $2.504, 5.30: feeder lambs, good and choice, $12.50® 13.60. /'„ V i,„, .< syirrinl LOUISVILLE. June 21.—Hogs—Receipts, 800: market. 15c lower: mediums and lights. 130-300 lbs., $10,251,11.10; extreme heavies. 300 lbs. up. $10.50; pigs. 130 ibs. down, $7 4 8.25; stags and throw-outs. *8.15418.75. Cattle—Receipts. 100; market steady: prime heavy steers, sl2® 13.75; heavy snipping sters. SIIST2; medium and plain steers. $9.50511; fat heifers. $94? 13.50; good to choice cows. $8,504,10: medium to good cows. $6.50®8.50: cutters. $647 6.50: canners. $5.505 6: bulls, $7.505 9.75: feeders. $9.505 12: Stockers. $8.504712. Calves— Receipts, 200: market steady: fancy calves, Sl3: good io choice, $10.504, 12.50; medium to good. $7.504,9.50: outs. $7.50. Sheep— Receipts. 2.200; market, lambs 50c lower;, sheep steady: eyes and wethers. $13.50; seconds. $84,9; buck lambs. $12.50; sheep. $55 6. Thursday’s shipments: Cattle. 3; calves. 105; hogs. 135: sheep, $16.70. Bui nitrd Pn se CLEVELAND. June 21. —Hogs—Receipts. I. market, mostly 25c lower: 250-350 lb?.. $10,754,11.50: 200-250 Ibs.. $11,254, 11. 160-200 lbs.. 411.254, 11.50: 130-160 lbs.. $11,254, 11.50: 90-130 lbs., $111,11.25: packing sows. $9,254/9.75. Cattle—Receipts. 150; calves, receipts. 400; market, weaker to 50c lower; beef steers, $114,13.75: beef cows. $847 9.25; low cutter and cutter cows. $6.25417.50; vealers. $13,501,16. Sheep —Receipts. 400; market, weak: bulk fat. lambs. $14,504, 15; hulk cull lambs, sl2-, 13; bulk fat ewes. $5.50® 6.50. R„ / nitrd Pn*,* TOLEDO. June "I.—Hogs- Receipts. 3nn; market. 25® 35c lower: heavies. *10.25® 1f.75: mediums. SIH/11.25: yorkers. $10.75 i/ll: good pigs. $10,504, 11. Cattle—Receipts. light; market, strong: calves, reeeipts, light: market, strong. Sheep and lambs—Receipts, light; market, steady. !'■,/ 1 ,i if • and I'n *. EAST BUFFALO. June 21. -Hogs Receipts. 2.700: holdovers. 400: market. 25 <; 30c lower: active at decline. 250-350 lbs., *ll® 11.50; 200-250 lbs.. $11,254, 11.65; 160200 ibs.. $11.50 0 11.65; 130-160 lbs., $11.50® 11.65; 90-130 lbs.. $11.404711.65; packing sows. $94/9.75. Cattle—Receipts, 250; market steady: calves, receipts. 800; market active. steadv; beef steers. $13.25@ 14.50: light yearling steers and heifers. sl4® 15.25; beef cows. slo® 10.50: low cutter and cutter cows. $6 ,8: vealers, $15.50 7 16. Sheep —Receipts. 700; holdovers. 500; market semi-demoralized. 50c lower; top fat lambs. $13.50 ® 14.50: bulk fat lambs. slOl/12: bulk cull lambs, $5.754,6.50: bulk fat ewes, $lO @ 11. K„ 1 nitrd Pn ** PITTSBURGH. June 21.—Hogs—Receipts. 1.800. market 25 -30 c lower: 250-350 lbs $10.75'>,11.50: 200-250 lbs. $11.65® 11.70; 160-300 lbs.. $11.50 .11.70: 130-160 lbs.. sll , 11.70: 90-130 lbs. $10.75 ,11.25; packing sows. 59',9 50. Cattle—Receipts, none; calves, receipts 125; market steady; beef sters. *131.14.75: light yearling steers and heifers. $11.50?/14.75: beef cows. $8 11: low cutter and cutter cows. $6 ,7.75: vealers. sls • 16; heavy calves. slo® 14 50. Sheep —Receipts. 250: market steady to weak; top fat lambs. $15.25: bulk fat lambs, 134/ 15; bulk cull lambs. $74,11; bulk fat ewes. $5 ® 6.50: bulk yearlings. slo® 12.

Local Wagon Wheat

City grain eieiators are oaviug SI.IO for No. 2 red wheat and $1 02 ,‘or No. 2 hard. NEW YORK COFFEE RANGE —June 20— High. Low. Close. January 13 95 13.95 13.95 Mrach 13.73 13.73 13.73 Mav 13.51 13.49 13.49 Julv 15.25 15.18 15.18 September * 14.72 14.65 14.65 December ........... 14.15 14.10 14.10

THE INDIANAPOLIS TIMES

New York Stocks

By Thomson A McKinnon

June 21— Prey. Railroad,— High. Low 12:60. close. Atchison . .222 219% 221 21R-, At* Coast Line.. ... 188 Balt A: Ohio ...124% 123", 124 '• 123 T ANARUS„ Canadian Pac .. 230% 229 230’, 229 Chesa A Ohio . 222’. 22; 222** 220% Chesa Corp ... 85% 85’a 85% 8a 1 * Chi A- N West... 85 84 84 84% Chi On. Weft... 14% 14% 14% 14 C R I & P 126 125% 125'2 125% Dri A Hudson ..195 104% 195 195 Del Sc Lacka.... .. 123% Erie 80% 79 80 79% Erie Ist pfd 63 62% 63 63 Grt Nor 109% 109 109% ... II! Central 137 Lehigh Valiev . . 89% 83% 89% 8814 Kan Citv South 93% 92 93% 92% M K A- T 49% 48% 49'* 48 Mo Pac pfei 134% 134% 134% 134', N Y Centra! ...202 200% 201% 199% N Y C A- SI I 142% NY NH A- K .... 112 % lin % IT *llO% Nor Pacific . , .104% 103,'104%- 104% Norfolk A; West 224 221 % 225% 220 O Sc W 25 24% 25 25 Pennsylvania.... 80 79 % 80 79 % P A- W Va 136% Reading Ill’- 110 111% 111 Southern Rv 142% 141% 142 142% Southern Pac 130% 130% St Paul 31% 30% St Patti pfd ... 50% 50% St L A- S W 89% 89 St L* S F 117% 116% 117% 116% Union Pacific . .229% 228% 229% 226% West Mart land.. 42 41 % .41'* 41% Wabash 67 66% 66% 67% Rubbers— Fisk 9 8% B*4 9 Goodrich 79 78% 78% 79 Goodyear 122 120% 121% 121% Kellv-Spgfld 15% 15% 15% 15% Lee .. . 14% United States .. 51 50% 51 51 Equipments— Am Car & Fdv.. .. ... 88% 99 Am Locomotive 124% 123’ 124 124 Am Steel Fd.... 69% 67% 68% 67% Am Brake S 55% 55% 55% 56 General Elec ...304% 300% 304% 303 Gen Rv Signal ..116% 114% 116% 114% Gen Tank 87! , 85% 87% 85 N Y Airbrake ... 46 ,; ' 47 Pressed Stl Car.. 18 17% 18 ]7~ Puilman 84% 83% 83% 84 Westingh Air 8..' 47% 47% 47% 47% Westingh Elec ..174% 172% 172% 172’% Steels— Bethlehem 108% 105% 107% 105% Colorado Fuel... 64 59% 82 60 Crucible 97% 96% 97% 96% Gulf States Stl.. 60% 58 60% 57% Inland steel 91% 89% 91 89 Otis 41 % 46% 41 % 41 Rep Iron A Stl.. 96% 94% 96 94% U S steel 189% ITS 1 , 186% 177% Alloy 46% 45% 45% 46 Youngstown Stl 141% 138 140% 137% Vanadium Ccrp.. 84% 82 84% 83 Motors— Am Bosch Mag . 62% 60 61 60 Briggs 34% 34 34% 34% Chrysler Corp.... 76'. 75% 75% 75% 'Eaton Axle ... 61% Graham Paige.. 34% 33 34% 34% Gabriel Snbbrs.. 26% 26% 26% 26% General Motors.. 73% 72% 73% 731% Hudson 85% 85% 85'2 85 V Hupp 47% 47 47 % 47% Auburn ... . 279 3 * Mack Trucks ..100% 98%* 980, 98% Marmon 88% 84% 87% 84% Reo 23% 23% 23% 23% Motor Wheel . . 42% 42% HOSh . 84 83% 83% 83% Packard 133%. 132 . 132% 131% Murray B 94 93 % 93 % 94 Pierce Arrow .... 31% 31% 31% 3t% Studebakev Cor. 77 76 76% 76* Stew Warner .. 73% 71 731, 70% Timken Bear .... 96% 94% SR " 95% Willys-Overland. 22% 22% 22% 22% Yellow Coach... 43% 41% 42% 41% White Motor .... 43 42 43 " 41% Mining— Am Smlt & Rfg.,104% 103 104% 103' Anaconda Cop... 114% ll]% IH% 111% Calumet Sc H.... 43% 42% 43 42% Andes 54’% 52% 5%% 53%. Inspiration Cop.. 46% 15% 45’% 45% Int Nickel 49% 48% 48% 48% Kennecott Cop.. 85% 84% 35% 84% Nev Cons 47% 46% 47 47 Texas Gulf Sul.. 73% 72%i 72% 72% U S Smelt 55 % 55% 55% 55 Oils— Atlantic Rfg .... 70% 69% 70 70 Barnsdall (At.. 41% 40% 41 10% Freeport-Texas.. 47% 46% 46%. 47% Indp Oil A: Gas 35% • 34% 35% 35 Marland 0i1... 36% 34% 35% 34% Mid-Cont Petrol .. ... 34% 35 Lago Oil A Tr 35% 34% 35% 34% Pan-Am Pet B 58% SB 3 , 57' ;> 56% Phillips Petrol. 38% 37% 38% 374a Prairie Oil ... 56% 57 Union Oil 47 % 47% Pure Oil 27% 27% 27% 2.% Prairie Pipe ... ... 59% Shell 27% 27 27 27% Richfield ... 41 % Sinclair Oil .... 37%! 36% 37 37% Skellv Oil .... 40% 39'- 39’ 40’Sid Oil Cal 73% 73% 73% 72% Std Oil N J.... 57 56' 56!- 56% Std Oil NY 39' 39% 39% 39 7, Texas Corp .... 61% 60% 61% 61% Tran scout 1- .... 10% 10% 10% 10% White Eagle ... ... 34

Industrials— Adv Rumely... <. ... ... 39 Allis Chalmers . ,245%. 227% 245% 228 Allied Chemical 306% 2.95 306 292 Armour A ... ... l/i% Amer Can 145% 144% 144% 143% Am Roil Mill 143 7 a Borg Warner ... ... 113% Am Tee 145% 144% 144 44 Am Wool 18% 17% 17% Curtiss 161% 160 161% 162 Coca Cola 127 Conti Can 70% 70% 70% 70% Certainteed ... ... 34% Congoleum ... 21%/ 70% Davison Chem ... ... 50 Dupont 171 170 171 171 Famous Players 64% 63% 63% 63 1: - Fox A 85% 85% 35 %• 85% Glidden 57 56% 56% 56% Link. Belt ... ... 50% Gold Dust 61 ■% 61% 61% HI 1 1 Int Harvester . 106 105 105% 106 Lambert .. 142% 140% Loews 56 55% 56 Koljter 32 ’’ j 30% 32% 30% Montsom Ward 107% 106% 107% 107 Nat! C R 114% 114 114% 114% Radio Keith ... ... 31%. Owens Bottle.. ... .. 80 Radio Corp .... 84% 83 84% 83% Real Silk .... 78% 78% 78% 78% Rem Rand 34% 34% 34% 34% Sears Roebuck ..161 160% 160’, 160% Union Carbide .. 98% 96% 97 97 U S Cs Ir Pipe 33 U S Indus Alco 184% 183% 184% 1851. United Air Craft.ll.9 118 118% 116% Woolworth Cos ..219 218 219 Utilities— Am Tel & Tel.. .213% 212% 213% 213% Am E Power 106 105% 106 105' Am Wat Wks...J4l 1% J 39% 111 Hrklyn-Manh T. 63’* 63% 63% 64 Col G A: E 78 77 77 77 A, Consol Gas 125', 123’ 124% 125'. Elec Pow A- Lt.. 73% 70% 73% 70% Pub Sen- N J... 105 102=. 103% 105'. Nor Amer Cos 131% 128% 130 131 So Cal Edison.. 66 64 64 65% United Covp 62% Std Gas & E1...122% 118%. 119% 118% Utilities Power.. 45% 44% 44% West Union Tel 197 193 196% 194 Shipping— Am Inti Corp.... 65% 64% 65 64% At) Gulf A W 1 61% ... Inti Mer M pfd.. 42% 41”- 42% 41 United Fruit ....122 121 % 122 119% Foods— Am Sug Rfg.... 78 77% 77’- 85% Kroger 84% 83 s * 83% ... Beechnut Pks .... 33% California Pkg.. .. ... 74% ... Corn Products.. 98% 95% 97 ' 86% Cuba Cane Su p . . ... 6% Cuban Am Sug.. 13% 13% 13% 13% Fleischmann Cos. 86 83% 84% 86’ - Kraft Cheese .. 4R ’ 47' 48', 17 % Natl Biscuit .... 73'% 72', 72% 188% Postunt Cos .... 76 73% 75% 73% Ward Baking B ... 10 Tobaccos— Am Sumatra 38% ... Am Tob B ... 171 j 76 Con Cigars ... 78% Lig A Myers.... 83% 83% 83% 83' Lorillard 26 25% 25% 26% R J Reynolds .. 54% 54’, 54% 54% Tob Prod 'B>.. 15% 15% 15% 16 United Cigar St 17 16% 16'- 17 Schuite Ret Strs 20 20 Grand Union pfd .. ... ... 44

On Commission Row

Fruits Apples—Barrel. Ben Davis. *6: barrel, Winesap. $9(5,10: new Transparents. $4Jr 4.50 bushel apricots. $3.50. Cherries—California, $3.50. Grapefruit—Florida $4(55.25. Lemons—California, a crate. $6(28.50. Limes—Jamaica 100 bv count. $3 Oranges—California Valencia. $6.25fl 7. Strawberries—Home grown, 24-pint crate. $43 5.50. Vegetables Artichockes—.sl.so a cozen. Beans—Southern stringless. $3.50 a hamper. Carrots—Texes. $3<g3.50 5-doz. crate. Cauliflower—California. $2.75. Eggplant—sl.so(42 a dozen. Parslev —Home grown, dozen bunches ijc Parsnips—Sl.2s a bushel. Peas—Arizona. $5.50 a 45-lb. box. Peppers—Florida, a crate. $536. Radishes—Button hothouse doz. eunches 7ac. Spinach—Texas. $1.25 a bushel. Turnips—sl3 1.25 a bushel. Tomatoes—Hot house. 10 lb. basket. $2.75. Cabbage—Texas, new cabbage. 3VjC. ICale—Spring, a bushel. $1.25. Celery—Florida. $333.50. Lettuce—California bead, crate *4.506 5: aome-erown Jeaf. a bushel. 65 375 c. Onions—Yfllow, a 100-lb. bar. $4.75: red. $o a bag: Spanish, a crate *3.25: western $5..5; new Texas s crate. *4.50. Rhubarb—6o©7sc a b-id. bunch. Coconuts—ss.so a bag of 100. Sweet Potatoes—lndiana Jersey. $2.75 t bushel: No. 2, $1.50 a bushel: Nancy Hall Shallots—3s34oc a bunch. Potatoes—Michigan round whites. 150 ibs.. *1.75: Ohio. $1.7531.85: Idaho. $2.5033 a bag: new Texas triumphs, a 100lb baa $6 50 Watermelons—Florida. $1 each. Defective electric wiring caused a fire which demolished the garage and automobile of James Wiseman, 2041 Ralston avenue, early today. Lass was estimated at SSOO.

FOREIGN NEWS ADVANCES GRAIN PRICES IN PIT Reports From Kansas and Oklahoma Force Wheat Futures Higher. 31/ rnit"! /’/•<••<* I CHICAGO. June 21.—Encouraged by the firm Liverpool market, and a forecast by the department of agriculture that the world’s wheat yield will bbe about five per cent under last year, the bull sentiment started by crop deterioration reports from Kansas and Oklahoma continued to force wheat futures higher in the early trade today. Corn and oats registered smaller gains in sympathy. At the opening wheat was % to 1% cents higher, com was up U to % cent, and oats were % to % cent higher. Provisions were slight- | ly higher. • Practically all messages from southwest tell of disappointing prospects. and some reports suggest a shrinkage of 40.000.000 bushTls in l the ndicated wheat crop of Kansas land Oklahoma as compared with [June 1. Excessive rains while the plant was in bloom and premature ! ripening are given as the main damaging factors. The Canadian northwest is again needing rain. Corn has been following wheat, but does not show the pronounced strength featuring the small grain. The crop is progressing rapidly and receipts are running the largest in a long time, although the fact that com is from ten days to two weeks j late, and shipping sales are in exI cess of arrivals tends to offset these ; bearish factors. Trading in oats has been ruling very quiet, but the market has shown no weakness in recent sessions. Chicago Grain Table —June 21WHEAT- p rer , , . ° Den - High. Lot. 12:00 close! Hi?' 4 U3 s 102’ , 1.12% 1.12 Sept... 1.17% 1.18 1.17 1.1714 116% Dec... 1.22% 1.23 1.22 1.22% 1 21 1 - CORN- 4 July.. .93% .931.7 92% 9217 92% Sept... .93% .93% 92’, 93 ' 93% D OATO-- 9T * '* 9 '* - 88,i - 88 TANARUS -88’* July.. .44% .44% .44% 44% 44% Sept.. .44 .44 .43 3 4 .43% '43% Dec... .46%- .46% .46’ 46% 46% RYE— * July.. .87’., .37% .37% .87% .86% Sept.. .90% ."1% .90% .90% 83% Dec... .95 % .95%. .95 .95% 94% LARD— Oct.. 12.27 12.27 12.27 15,27 12.25 I! tl 7 /// '■ %//'•)'// CHICAGO. June 21.—Ca riots—Wheat, 46: corn, 224: oats. 37; rye. 4.

Indianapolis Stocks

—June 21— Bid. Ark. American Central L Ins Cos. ...800 Belt R R & Yds Cos com 64 65 Belt R R. & Yds Cos pfd 57 62 Central Ind Power Cos pfd.... 93 97’i Circle Theater 108 Cities Serv Cos com 30'j. ... Cities Serv Cos pfd 96’ 2 ... Citizens Gas Cos com .32 Citizens Gas Cos pfd 96 Commonwealth L Cos pfd 100 Equitable Sec Cos com .. ... Hook Drug Cos com 41 ... Horufl Shoe Corp com 16' z ... Ind Hotel Cos Claypool c0m....125 ... Ind Hotel Cos pfd 100 Ind Serv Corp pfd 85 Indpls Gas Cos com 58'4 62 Indpls & Northvvtn Tr Cos pfd S Indpls P &. L pfd 101 103 Indpls Pu Wei L Assn com... 51 Indpls St R P.. Cos pfd 27 31 Indpls Wa Cos pfd 99 Inter Pub Ser pfd 52 96 Inter Pub Ser pr li pfd 105 105 Merchants Pub Util Cos pfd..lol- - Loan Cos 100 Northern Ind Pub S C pfd 7.5.107 Northern Ind Pub S C pfd 6s, 97 101 1 ?• Prog Laundrv Cos com ' 47'j 51 E Rauh & Sons Fert Cos pfd... 50 Real Silk Hosiery Cos pfd 98 Standard Oil of Ind 5557 T H Indpls & Tr Cos pfd 5 T H Trac & L Cos pfd Union Trac Cos com 'i Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd . . % Union Title Cos com 50 V Camp Prod Cos Ist pfd.... 97 100 V Camp Prod Cos pfd 92 —Bonds— Bid. Ask. Belt R & S Y Cos 4s 85 Broad Ripple Trac Cos 5s 50 ... Cent Ind Gas Cos 5s 96 ... Central Ind Power Cos 6s 98 Chi S B & N Ind Ry Ist 5s Citizens Gas Cos 5s 98 Citizens Street Railroad 5s .. 71'i ... Garv Street. Ry Ist 5s 80 83 Home T & I of Ft Wayne 65.. 100 ... Indiana Hotel Cos 5s 100 Ind Northern Trac Cos 5s 3' - 4’j Tnd Railway & Light Cos 5s .. 96 Indiana Ser-ice Corp 5s 86 Indpls Power and Light Cos.. 97 100 Indiana Union Trac Cos 5s ... 4 Indpls Col & Trac 5s 98 100 Indianapolis Gas Cos 5s 98 Indpls <te Martinsville T Cos 5s 15 Indpls No Trac Cos 5s 8’ 2 ... Indpls Ac N W Trac Cos 55... 15 Indpls Street Ry 4s 54 57 Indpls Trac & Terminal Cos ss. 93'i 95 Indpls U Ry 5s J 1965 A 8....101 Indpls Water Cos s'/2S 1953 ...101 Indpls Water Cos sVis 1954.... 101 Indpls Water Cos lien Ac ref ss. 94 Indpls Water Cos 4'?s 92 95'i Indpls Water Works Sec Cos.. 86 Inudpls Water Cos 4';S 93 95'2 Interstate Public Service Cos 5s 95 Interstate Pub Serv Cos B 6V25.103 ... No Ind Pub Service Cos 5s 97 No Ind Telegh Cos 6s 1931 99' 2 99 T H A: E Trac Cos 5s 50 T H Trac and Light Cos 55... 92 Union Trac of Ind Cos 6s 10 ... —Government Bonds— Liberty Loan 3'-s 95.96 96.16 Liberty Loan 4'vS 98.90 99.10 Liberty Loan #4s 99.24 99.44 U S Treasury 4'/2S 107.06 107.26 U S Treasury 4? 103.66 103.86 U S Treasury .3 Vs 100.70 100.90 U S Treasury 3Ls. 1943... 96.40 96.60 John D. 11l to Visit Soviets 1 nit eit Press MOSCOW. June 21.—John D. Rockefeller 111, who graduated this month from an American university, is expected to visit the Soviet Union the middle of July, accompanied by James MacDonald, chairman of the American Foreign Colony Association.

INTERNATIONAL PAPER COMPANY New York, Jane 12tb, 1929 The Board of Directors have declared a regular quarterly dividend of one and three-quarters per cent (l 3 4%) on the Cumulative 7% Preferred Stock of this Company, and a regular quarterly dividend of one and on -half per cent (114%) on the Cumulative 6% Preferred Stock of this Company, for the current quarter, payable July 15th, 1929, to holders of record at the close of business June 25th, 1929. Checks to be mailed. Transfer books will not close. Owen Shepherd, Vict-Pre*. and Trcaj. INTERNATIONAL PAPER and POWER COMPANY Boston, Mass., June 12tb, 1929 The Board of Directors have declared a regular quarterly dividend of one and three-quarters per cent (1%%) on the Cumulative 7% Preferred Stock of this Company, and a regular quarterly dividencf of one and one-half per cent (1}4%) on the Cumulative 6% Preferred Stock of this Company, for the current quarter, payable July 15th, 1929, to ho. ders of record at the close of businessjune 25th, 1929. Checks to be mailed. Transfer books will not close. R. G. Ladd, A.&11 Treaj^ncr

NEGRO ARTIST'S PAINTINGS WILL GO ON EXHIBIT Display of John W. Hardrick Works Monday at Pettis Gallery. An exhibition of oil paintings byJohn Wesley Hardrick, local artist, is scheduled to begin Monday morning in the art gallery' 'fifth floor! of the Pettis Dry Goods Company and continue for a period of two weeks. The artist will personally greet visitors in the an gallery from 10 to 12 each day during the exhibition. i The exhibit will be the fourth showing of the artist at the Pettis store. Hardrick won the Harmon award in 1927. The award was in the form of a gold medal and a SIOO cash prize. , Asa Hoosier and product of Indianapolis art teachers, Hardrick has won national fame with his drawings. Attention of leading art patrons has been attracted to the work of the artist by Miss Lucille Morehouse, art critic, who has been sponsor for many of Hardrick's successes. Hardrick attributes his unbounded enthusiasm in his work to the constructive, advices of Miss Morehouse, his benefactress in the arts. Showings at the Pettis gallery will include portraits of Mrs. J. W. Hardrick, Mrs. Shepard Hardick. Mrs. Marguerite Thompson, Miss Mae B. Belcher. Ferdinand Schaffer. George W. Cable, John A. Patton, W. E. Grubbs and John F. Johnson. Landscape scenes, the painting of a civil war veteran and “The Stolen Melon” are other pictures to be shown. Models' Friends Invited. Two large landscapes, “The Fishing Boy." which was exhibited in the Harmon award collection and a. portrait of himself were recently purchased by John A. Patton, a prominent undertaker of this city. “The BroWm Girl." a portrait by Hardrick, was recently presented to the John Herron Art Institute in the name of the Negro race of Indianapolis. Hardrick formerly was associated with Hale Woodruff, now studying in Paris. Hardrick resides with his wife and four children at 2908 Meredith avenue and conducts his studio at 902 1-2 Indiana avenue. Friends of the models to be shown at the Pettis gallery are invited to a preexhibition showing at the studio tonight. An educational program will be presented at the Simpson M. E. church tonight under auspices of the Pastor's Club of Barnes M. E. church of which the Rev. Robert E. Skelton is pastor. Spends Bay in Richmond The program is to include presentations by the various business and professional groups of the city. The teachers will be represented by Mrs. Nellie Rogers: Pharmacists, Dr. J. E. McGhee; Business. Amos Thompson; Dentistry, Dr. Theodore Cable: Law, Atty. R. L. Bailey; Ministry, 'the Rev. W. D. Shannon; Undertakers. J. A. Patton; Medicine, Dr. A. H. Wilson; Music teachers. Mrs. Lillian Lemon. Mrs. Carlotta McNarv and Herbert Bryant. Madam Sarah E. Helm of the Growin Buty Manufacturing Company spent last Thursday in Richmond, Ind., where she made arrangements to meet with the State Baptist convention which opened on June 18. She will be in Richmond the rest of the week as guest of the Rev. and Mrs. J. Critt.endon. She is canvassing the state in the interest of her business. Discussions on "Problems of the Modern Gill.” “Girl Reserve Methods of Work,” inspiring talks by leaders of girls from all parts of the country, contact with girls from Ohio. Michigan. Wisconsin, Illinois, lowa and Indiana, rounded out with swimming, boating, horseback riding and hikes are some of the things to be enjoyed by Lurrah Cofficld and Hazel Summers during the next ten days at Camp Gray, Saugatuck. Michigan. Both girls are council members of the girl reserve department of the Phyllis Wheatley Y. W. C. A. and have been chosen, because of splendid work in the department, to represent the 350 girt reserves. Over 500 girls are to attend the conference. Visit Walker Building. Fifteen girls left this morning as members of the Indianapolis delegation in a special car bound to- Camp Gray. Miss Gertrude Gamlin, girl reserve secretary, accompanied the group. The formal closing of the girl reserve department took place last night in theform of a “spread” for the girl reserve graduates and delegates who left for Camp Gray conference this morning. A number of articles made by members of the girl reserve “sewing interest group” will be on exhibit Thursday evening and Friday. Mrs. Daisy Welch is chairman of this group. One hundred-thirty-eight grade school girls enjoyed a trip through the Walker Building last week. The story of Madam Walker was told by Harry Evans, advertising manager, who also directed the trip. Ail cirls wishing to see the picture taken before the trip may stop at the “Y” and do so. Invitation is extended the public by the Rev. G. T. Haywood, pastor of Christ Temple, Fall Creek boulevard at Paris avenue, to attend both services Sunday June 23. Electric Fans for Church. Pastor Haywood has chosen for the morning subject, "Is Jesus God or a God.” and in the evening will speak on,

Middle West Utilities Company l\otice of Dividend on 'Preferred 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 Preferred Sto'k, having a par value of SIOO a share, and One Dollar and Fifty Cents ($1.50) upon each share of the outstanding $6 Cumulative Non Par Preferred Stock, payable July 15, 1929, to the holders of such Preferred Stock respectively, of record oo the Company's books at the dose of business at 1:00ockick P. June 29, 1929. EUSTACE J. KNIGHT; Secrttary,

Walker Theater Review

Wiiiiam Powell, veteran of many villainous screen characterlzat.ons gels a real break in ' Interference” the intensely interesting, all-talking picture that begins a four day run at the Walker Sunday. For the first time in his career Powell receives a kiss that he does not have to fight for. This time he is being ardently pursued by the beautiful Evelyn Brent. What happens is a matter of the price one pays for committing the intolerable crime Even love itself will not excuse interference as this strange and ama shows. A three star flaming romance with hot Mexican flavoring is the splei lid screen story. Wolf Song.” showing’ 'hursday, Friday and Saturday. Gary Cooper. Lupe Velez a.. Louis Woheim have the leading roles and to hear Lupe sing “Yo Te Amo # I Love You*, is a distinct delight long to be remembered. A real treat is in store on the stage this week in Dolly Farina, popular Jurenile of the world famous "Our Gang” comedies. Enroute to New York to make a talking picture. Dolly is appearing in person at a select number of theaters. In Farina's troupe are Cooper and Robinson, a cyclonic team of hotfoot dancers. Vitaphone short story subjects and special organ presentation' will also be given. "When and How Is a Person Born in Spirit?" A special service for ministers and missionaries will be conducted by Eider Samuel Johnson of Kokomo, at 3 o'clock. An arrangement of electric fans has been provided for the comfort of all persons who attend day or night services at Christ Temple. Ail departments of the Sunday School of Simpson M. E. church will be represented on the Children's Day program Sunday. June 23. at 9:30 o'clock. Mrs. Carrie Martin is superintendent. "Sons of God” is the sermon theme of the Rev. Robert E. Skelton, pastor of Barnes M. E. church. Sunday morning. June 23. For the evening services he has chosen “Faith" for his sermon topic. Plan Special Service. The Woman's Home Missionary Society of Simpson M. E. church will hold special services at the church, Sunday at 3. The Rev. Robert E. Skelton will be speaker St. Monica's Guild will meet with Mrs. Effie Lemond. Dunbar apartments, Tuesday night. Mrs. Mettie Grizzle Is president. T Students of the Cosmopolitan School of Music will be presented in a Sunday evennig musical at the Seventeenth street Baptist church. Seventeenth street and Northwestern avenue. Sunday. June 23. at 8 p. m. The Rev. J. B. Carter is pastor. Indianapolis Music Promoters Club will observe National day, Sunday, June 30, at 4 o'clock at the Mt. Paran Baptist church. An interesting program has been arranged by the chairman. Miss Mae Clements. The Rev. J. R. Bowen. Chattanooga. Tenn., will be the speaker Sunday at the close of the financial drive of the Mt. Paran Baptist church. The Rev. Charles H. Bell is pastor. Informal Tea Planned. Sufficient money is expected to be raised during this drive to complete payment of all indebtedness on the church, which has the largest membership in the state. The Intercollegiate Club will entertain at an informal tea Sunday at, 5:30 at the Y. M. C. A., honoring a group of students from Beck ley, W. Va. I. J. K. Wells of Beckley American Service Institute sponsored a contest which was won by these students. A 5.000-mile tour of the country was the prize awarded. They will be guests of the Madam C. J. Walker Company while here. A smoker and stag card party, sponsored' by the Indianapolis Business Men's League, will be given Thursday night, June 27. at the Walker Casino. Medical examination for adults who wish to take swimming lessons during the summer will be given at the Y. W. C. A. on June 24. 25, and 28. Juniors may be examined for swimming lessons on June 22 and 29 at 11 o'clock, the announcement stated. There will be an informal meeting of all junior clubs of the Indiana Woman's State Federation Monday afternoon at 3 at the State Club home, 2034 North Cap - tol avenue. AH juniors and their sponsors are invited, said Miss Mary Pruitt, president. School Party Is Held. Graduation exercises of Shepard Hardrick, Jr., at Wilberforce university, will be attended by John Hardrick, the artist, and family and Mrs. Shepard Hardrick. the mother. The Hardricks left for the Ohio city by motor Thursday. Mrs. Camille Richardson left today fox Cleveland where she will study at Western Reserve. Among the features included in the closing school year program of the Colored Orphans’ Home of which Mrs. Emma Duvalle is superintendent were the Par-ent-Teacher Club party, the Whoopee party given by the children for the teachers and Field day exercises in which 50 children took part. Graduates from the home include Jean Strader from Crispus Attucks High School and William Strovers from school 37. A garden and beautification drive is being promoted during the vacation months. Return to Kentucky. Mrs. Rosalie Roberts returned to her home in Guthrie. Ky.. after a threeweek visit with her mother Mrs. Ella B. Meriwether. Mrs. Roberts attended the graduating exercises at Crispus Attucks High School of which her son. William was a graduate. Dr. and Mrs. W. E. Brown had as their

WAIKFR i Hlf irt Hag! %.lv-.sgj m 68 ° COOL INSIDE BIG TALKIE PROGRAM! T m.. 4 Days FRt > Beg. BVWI SAT. Sunday - J V* won “FARINA” CORIC' Popular Star of “Our Gang’’ Comedies 3 jfffl fgUf Appearing in Person _______________ WITH COOPER & ROBINSON C vfu=7 “CVCLONEDAXC.NG boys- LOUIS WOLHEIM VITAPHONE CL SHORT SUBJECTS Qaramount Qtetwr

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GRAIN HEAD HAS LITTLE FAITH IN FARM AID LAW Sounds Warning Note at Session of State Dealers Here. Laws enacted in an effort to save business sometimes tail of the purpose for which they are intended, was the warning note about farm relief sounded today at the midj summer meeting of the Indiana j Grain Dealers' Association by the j president. E. E. Elliott ot Muncie. More than 150 dealers were in attendance when the one-day meeting opened today in the Board of Trade assembly room. The high point of the program is the discussion of the new farm j relief bill late today by Fred S. i Purnell of Attica, Ninth district congressional representative. Offer Aid to Hoover Purnell is expected to describe (he benefits which will accrue to pertculture through the federal aid. Elliott. declared that all aid ” '1 ermfidence would be offered P:~ - ; dent Herbert Hoover and the besrd ! he appoints to administer the sub- | sidy. “But, we still believe in the old | law of supply and demand and we still believe it to be one of the fundamental elements in determining values and unless strictly adhered to success is endangered and failure is inevitable. Has No Faith in Law Elliott explained that lie believed ! the farmer should receive a fair and equitable price for his product, and that if this occurred there would be no need for federal aid. He declared he had no faith in statutory aid to an industry. “I should say that the passage of this act justifies some optimism although it does not warrant the assumption that farm prices arc about to soar. “The heavy carry over of wheat and the splendid prospects for a new crop are a burden and will be for some time. Patience should be exercised and prejudice and jealousy kept itj the background.” GREETS -TAW' CHAMP President Hoover Shakes Hands With Marble Expert. H\t I I’n WASHINGTON. June 21.—Alfred Huey. 12-year-old naitonal marble champion, was greeted by President Hoover today when he railed at the White House while en route from his home in Akron, 0.. to 'Ocean ( N. J, where the 1929 championship begins Monday. guests during the Butler commencement, Mr. and Mrs. John H. Black and daughter. Myrtle, and John O. Blanton, president ot the Mutual Savings Bank of Louisville. Mrs. Rose Thompson and Miss Hazel Alexander motored to Cincinnati for several days visit with friends. Miss Margaret Boone will leave Bundav for Ypsilanti. Mich., where she will remain until September. Mrs. Lillian Jones Brown, teacher ,t School 17 and a pioneer leader in dramatic art circles was awarded an A. B. degrea jn English during the commencement, exercises at Butler university this week. Back from Gary. Miss Thelma Brown, recent graduate of Atlanta university and Burwell Brown who is doing post graduate work at Chicago university are guests of J. Harold Brown in Boulevard place. Mrs. Clara Hill and sister. Mrs. Ethel K. Moore will study at the University of California during the summer. Ehroutn home they will attend the parley of the National Negro Musicians at Fort Worth*' Texas. > - Mrs. W. E. Brown returned home Thursday from Gary where she attended the commencement exrrtises of her nciee. Jane Leeks.

MONEY TO LOAN —ON—MORTGAGES STATE LIFE Insurance Go. 1235 STATE LIFE BLOG.