Indianapolis Times, Volume 41, Number 51, Indianapolis, Marion County, 10 July 1929 — Page 16

PAGE 16

BEARS ATTACK MOTOR SHARES; FORCE SLUMP Market as Whole Is Irregular: Utilties Hold Gains. Average Stock Prices A’ eras' of twer,;- ;nd ustrja a Weflneswm 145.31 B M Aietq* r ' tv ra;i- TMU 1683. off *3. A-eree* of lorlv bond 93 3'., up .70. BY ELMER C. WALZER t nit'd Prc*s Kminrill Editor NEW YORK, July 10—A severe boar attack on the motor shares as well as upon Radio Corporation, greatly unsettled prices on the Stock Exchange today, many stocks tailing substantially below their previous closing levels. Heavy selling set in on Radio shortly after the opening and the issue steadily gave ground until late tn the afternoon, when moderate short covering it, a steadier tone. Ohryslrr Lead® Drop Motors were led in their downswing by acute weakness in Chrysler. which -old at its lowest levels since the culmination of the late May break. General Motors. Nash, Jllys-Overland, Hudson and other representatives of this class displayed a heavy tone ihrcmghout Nevertheless, strong buying activities again were < onducted m many special issues and groups and the market as a whole could not at any time be characterized as more than irregular. Public utility shares furnsihed strong groundwork ioi the bullis hforcer several selling at. record levels. Standard Gas and Electric va<the outstanding feature of this group, achieving a fresh record high above 127. Consolidated Gas also was strong and active, while Brooklyn Union Gas made another characteristic onrush Can I p and Down Trading in the general market was marked by alternate buying and selling waves, many representative shares failing to move fir from thenprevious closing levels. American Can reacted sharply after establishing anew high shortly after the opening, while General Electric and Westinghouse broke abruptly. Seeral pool issues, including American Radiator and Standaid Sanitary Manufacturing, were active. Banks and Exchange INDIANAPOLIS STATEMENT India nil png- bank cleeriiws Wednesday. J u lv IP $5,201,000 debits. 51.741.b00. \r W YORK STATEMENT r nitt f i Pmt ♦TEW YORK. .tjl> IS B u ;ik clearings. SI 6i?.pnp.PbO clearing house balance. sls ?.- COO 000 federal reserve bank er-filt balWf.ee:. 5157.00 P 000. H ASHINOTOX STATEMENT P„ r Vr, • WASHINGTON. -Tub !0 Net balance Julv 6. $269.182.876 90: cuwoms receipt' to that oat". SI 1.847.025.03. CHICAGO STATEMENT P i I nited Prats CHICAGO Ti.lv 10 Bank clearings. >110.800.00. balances. <12.400.000. FOREIGN EXCHANGE f- ( vi tci rNEW YORK, J.t • 10.—Foreign exchange eteic: irreg'i'.a Demand sterling. $4.64 ■ e 00 3-16 c f me. 3.9l**c: lira, 5.22*c; belgs. 13R8'jc off .00' -c. mark. 23.80'ic.

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Business - —and—- / Finance Big business shared disproportionately in the last six months' notable activity and profit m commerce and industry, said Evans Woolen, president of the Fletcher Savings and Trust Company, in the bank’s business review, issued today. ‘ The activity and the profit have been spottted and have appeared disproportionately in big business,” the statement said. *lt is not the day of little business. Os course there has been a slackening as we have gone into the summer: if this seasonal slackening is considerable, it may help to avoid a sharper recession in the autumn. “As to the stock market, the average of the prices. of twenty-five industrial stocks, used by the analyst as revealing conditions, has, doubted in two and a half years, a fast pace. "As to agriculture, the situation inthis territory does not seem improved. Should there be disappointment. reasonable or unreasonable, in the effects of the new legislation, an already bad agricultural psychology may become worse. Disheartenment is a very real factor in the situation. "As to credit conditions, two pregnant sentences from the National City bank's letter for June are quoted: It is true that the figures for the reserves of our reserve banks appear high, but they are not high when considered in relation to the aggregate volume of demand and short-term credits outstanding in the country ' By that criterion, bank reserves in this country are much lower than they ever were before the federal reserve system was established and lower than the banking reserves of any other country in the world at this rime.' ” Est Tin eg leant NEW YORK.' July |n._Thf largest Mnjrl* nrdrr riven for razor blades ha been placed with th* Durham Duple* Razor Company. it became known today through a statement issued by President T. f*. The order, originating from an international s' n dir ate of merchandise distributor*, rails for there hundred million blades of special design \bout 1.000 ton- of highlv tampered Meel will b~ required to manufacture thi* hu*e quantify of blades. It is probable that in addition to being the largest razor blade order ever placed, it is also the largest order for nv single commodity ever piared in peace times. To-a! of $1,556,010,960.33 and cepo.it? of $1,041,909,263.10. including outstanding checks, arc shown by the statement of the Guaranty Tru3t Company of New York as of June 29. 1929, the first published -ince merger of the trust company and the National Bank of Commerce Mav 0 Capital, surplus, and undivided profit, arc $186,418,067.72. Undivided profits shoy a gain of $2,021,895.88. NEW YORK. July 10.—Directors of the F. W. Wool worth Company today placed the company's new $lO par capital on a 52.40 annual cash dividend basis by declaring a quarterly dividend of 60 cents, payable Sept. 3. to stock of record Aug. 10. The dividend is equivalent to a Sfi annual basis on the old $25 par stock, which recently was split on a 2' -for-rl basis. Two quarterly dividends at a $6 rate had been paid oil the old stock prior to the split. Before this the old stock paid $5. Cignrc production in Mav reached the record figure of 11.168.406.000. Tax collections on cigaret for eleven months amounted to 6309.430.000. an increase of >36,700.000. Returns for May exceed those for the same period last year by $7,000,000. Ii 7 inn * special DETROIT. July 10—The automotive parts and accessory industry had another satisfactory month in May. with business running yell ahead of previous year, the Motor and Equipment Association reports Despite seasonal slowing up. a record half -ear is believed assured. Building Permits W \ Moslnnder. and yelling and garage, Rio West Forty-third. $4 200. P S. Rosenberg, garage, 132 West Thirteen::-. $6,730 Columbia Construction Company, dwelling end garage. 2624 Stuart. $2,250. Columbia Construction Company, dwelling and garage. 2628 Stuart. $2,250. Columbia Construction Company, dwelling a*d garage. 2632 Stuart. $2,250. •T Melchor. addition. 403 Bosart. SSOO. V S Elv. garage, 928 West Thirtieth. S3OO v C. Jackson, dwelling and garage, 1015 .-. $5,000 S A Vavnfe. boiler. 5617 Julian. $4,000. E F. Burgle, repair. 43! Massachusetts. $4,000 Corona Realty Company. Teroof, 705 South Meridian. $285. B. E Okey. garage. 1261 F H M-ers. dwelling apd garage. 1110 North Gladstone. $4 200. A Heidenreich. addition, 2211 East. Washington. S6OO. H, Shay , remodel. 2*04 North Meridian. <4OO. $ Heidenreich. garage. 2311 East Washington. S2OO. L He:d. reroof, 2175 South Meridian. <220. O H Hodler, garage. 401 North la Salle. $250 NEW YORK COFFEE RANGE —July 9 High. Low. Cl6se January 14.00 March 13.81 Mav 13.51 I July 15.27 15.13 15.27 September 14.52 December 14 IS 14.15 14.15

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WHEAT LOWER, TRADING SLOW IN CHICAGO PIT Affected* by Weak British Mart; Corn Steady, R t Oats Fall. tin 1 nit id Press CHICAGO, July 10.—Wheat prices opened fractionally lower today in sympathy with the weak Liverpool market, which was affected by news of the beneficial rains in Argentina. Trading was not active, as most operators had evened up before the government's crop condition report to be issued after the close. Corn was unevenly steady, but oats were a shade lower. At the opening wheat was 1 s cent higher to J -s cent lower, corn was U cent lower to ’s cent higher and oats were ’$ cent lower. Provisions were about steady. While irreparable damage has been done to the spring wheat crop over a wide area both sides of the international line and no amount of rain will give more than a small crop, according to reports, many traders believe the effect of the northwestern drought have been discounted at present price level. Because of steadily increasing hedging pressure from the southwest, the market needs a larger supporting element than before the movement of new wheat to market. The governments report on corn is expected to be bullish, showing a decreased acreage with the crop about ten days late. Holders of old corn are selling more freely, but the futures market is more inclined to follow wheat than any trend indicated by factors in the news. Any improvement in northwestern weather ha-s brought considerable selling of all oats deliveries. Trading, however, is rather quiet as wheat attracts the bulk of the attention. Chicago Grain Tab l ?. —July 10WHEAT— High Low. 12:00. Close. Jur 1.21 1.19% 1.21 1.20', Sept 1.25" 1.24’, 1.25 5 * 1.24*, Dor 1.31 3 4 1.30', 1.31 s * 1.30’s CORN— Julv . 94 ,93 .93 3 4 .93’, Sept 97 96', .97 .96’, Dec 93*4 91 7 , .93>'4 .929, OATS— Julv 44’* 443, .443, ,44 1 a Sept 46 .45 s '< 46 .45b, Dec 49 b .AS 3 , 49 4Sb RYE— Jui" 93b 92b Sent 98 b .96 s * 98 .92 b Dec 1.03 b 1.01 1 2 1.02 b 1.02 b LARD— July 12.02 12.07 Sepi 12.30 12.25 12.25 12.30 Ocl 12 45 12.45 Dec. 12.52 12.55 RIBS— July 13.25 Sept 13 85 11,u Timm special CHICAGO. July 10.—Carlots: Wheat. 7; corn. 100; oats, 27; and rye. 0. Indianapolis Stocks —July 10Bid. Ask. American Central L Ins C0....800 Belt R R <fc Yds Cos c0m.... 64 68' 2 Belt R R Sc Yds Cos pfd 56 Central Ind Power Cos pfd... 93b 98 Circle Theater 108 Cities Serv Cos com 31 V* ... Cities Serv Cos pfd 96b ... Citizens Gas Cos com 32 Citizens Gas Cos pfd 96 ... Commonwealth L Cos pfd 100 5 ... Equitable Sec Cos com 45 ... Hook Drug Cos com 42 ... Horuff Shoe Corp com 16b ... Ind Hotel Cos Clavpool c0m....125 ... Ind Hotel Cos pfd 100 ... ■ Ind Serv Corp pfd 84 ... ' ! Indpls Gas Cos com 58b 61' 2 Tndpls & Northwtn Tr Cos pfd. 5 ! Indpls P& L pfd 101. 103 ; Indpls Pu Wei L Assn com... 51 ! Indpls St R R Cos pfd 25 29b Indpls Wa Cos pfd 99 1 Inter Pub Ser pr li pfd 102 105 ! Inter Pub Ser pr 11 pfd 105 105 Merchants Pub Util Cos pfd..lol Metro Loan Cos 100 Northern Ind Pub S G pfd 7s. .106 Northern Ind Pub S C pfd 6s 96 101 Prog Laundry Cos com 47 b 51 E Rauh & Sons Fert Cos pfd... 50 Real Silk Hosiery Cos pfd 98 Standard Oil of Ind 56b . T H Indpls & Tr Cos pfd.... 5 T H Trac & L Cos pfd Union Trac Cos com V* Union Trac Cc Ist pfd 1 Union Trac Cos 2nd*pfd .. b Union Title Cos coir. 50 jV Camp Prod Cos Ist pfd.... 97 100 i V Camp Prod Cos pfd 92 —Bends—- ! Bid. Ask. Belt R & S Y Cos 4s 85 ; Broad Ripple Trac Cos 5s 65 ... Cent Ind Gas Cos 5s 98 ... Central Ind Power Cos 6s 98 ... Chi S B & N Ind Ry Ist 5s Citizens Gas Cos 5s 98 ... Citizens Street Railroad 5s .. 70 Gary St Ry Ist 5s 80 85 Home T t 1 of Ft. Wayne 6s. 101 b ... Indiana Hotel Cos 5s 100 ... Ind Nortnern Trac Cos 55.. .. 4 5b Ind Railway Sc Light Cos 5s ... 97 ... Indiana Service Corp 5s ... ; Indpls Power and Light. Cos.. 97 99 i Indiana Union Trac Cos 5s ... 4 ! tndpls Col Sc Trac 5s 98 100 ! Indianapolis Gas Cos 5s 98 ... I Indpls A: Martinsville T Cos 5s 15 'lndpls No Trac Cos 5s 9 ... j Indpls Ac N W Trac Cos 55... 15 . : . I Indpls Street Rv 1: 53 57 Indpls Trac & Terminal Cos ss. 93b 95 | Indpls U Rv 5s J 1965 A B 101 I Indpls Water Cos sbs 1953. ..100 1 Indpls Water Cos sbs 1954..100 ! Tndpls Water Cos lien & ref 55,. 93b ... Indpls Water Cos 4bs 92 95b 1 Indpls Water Works Sec Cos.. 85 . 1 Tnudpls Water Cos 4':5 . .. 93 95b ! Interstate Public Service Cos 5s 95 1 Interstate Pub Serv Cos B 6b5.103 ! No Ind Pub Service Cos 5s 97 ... 1 No Ind Telegh Cos 6s 1931.... 98 99b i T H At E Trac Cos 5s 50 ' T H Tree and Light Cos 5s ... 91 Union Trac oT Lid Cos 6s 10

THE JNDIANAPOLIS TIMES

New York Stocks (By Thomson * McKinnon —July 10— Prev. Railroads — High Low. 12 00. close 1 Atchison . , 245 24.3 243 244 b At! Coast Line 199 b Balt A Ohio . 128 b 138 b 128 s , 128 b Canadian Pac , 242 b 24!'. 241', 240', chesa <fc Ohio. ...245 243 b 245 243 ’ • Chesa Corp .... 80 79b Chi & N West.. 94b 92b 93b 9.1 b Chi Grt We,t 16', lb C R I Ac P 134'. 132 b 134 133 ■ Del Ac Hudson . .211209 b 209 b 212 *De! Ac Lackn 140', 138 b 138 b 139 Erie 79b 79', 79', 79', Erie Ist. pfd ... 65 65 Gr! Nor pfd 177’* llfib 116 b 115 b 111 Central 144 b !44b 14 b 144’, Tjehgih Valley ... . , 93 b Kan City South . .. . , 97 b Lou Sc Nash.... l'9 •M K Ac T 57 b 57' .V, „ 57 b Mo Pac pfd .... 142 b 143 b N Y Central. . 219 b 218’, 218', :’l9b NY C Sc St L. . l.i 51 1.1.1 NY NH Sc H Uob 109' 109’, 109 , Nor Pacific .. .113’, 111', 113', 113 b Norfolk Ac West.. .. :i;i , O Ac w •„ Pennsylvania ... 90', 90b -90'.• 90'„ Reading 117 b IMP, 117 U7b Southern Rv ....151 150 I50 1 l.iO 1 Southern Pac . ,139 b 139 137 b 139 b St Paul 36 35’ 35 1 ■ 16b St Paul pfd .... 55b 54b 55', 56 1 St L Si S W 97', 96b 96', 97b St LSc S F ... 125 b 125 b 125 b 125 b Union Pacific 246’ 247 347 346' West Maryland Mb i.i l , West Pac ' ... ... 33', Rubbers— Ala* . 6 3 Fisk 9b 9 9b Ob Goodrich ........ 84b S3 84 84 Goodyear 128 b 126 b 1.• , l:!Rb Kelly-Spgfld 15b ir.b 15 b 15b Lee ' 15 14b 15 15 United States .. 54b 53b 54b 53', Equipments— Am Car & Fdv. .101 b 101 ini ', 101 b Am Locomotive 128 126 - 127 127 , Am Steel Fd.... . . 66 Am Brake 5.... 56b 56b 36b General Elec . .346 343 b 344 ’, 946 Gen Rv Signal 121 b 120 120 117 b Gen Tank 96', 95b 96 93b N Y Airbrake .. 14 14 Pressed Stl Car. 19b 19 s , 19b 19b Pullman 88b 87b 87b 87b Westingh Airb.. 47b 47b 47 5 ,47 b Westingh Elec .198 196 b 197 b 198 Steels— Bethlehem 117 b 116 117 113’, Colorado Fuel .. 65b 65 65 66b Crucible 105 b 104 104 104 b Gulf States Steel 69b 65b 68b 69 Inland Steel 95 93b 95 94 Otis 47b 46b 43 b 46b Rep Iron Ac Stl. .109 b 108 108 b 107 b Warren Fdv 20 19b 20 U S Steel 200', 198 b 199 b 198 b Alloy 48' 46b 48b 46b Ycungstwn Stl . ,151 s * ISO 3 ,150 b 150 Vanadium Corp.. 90b" S3 3 , 90 90 Motors— Am Bosch Mag.. .. ... 56b 57’e Briggs .. .. .. 36b 35b 35b 36b Chrysler Corp .. 75 72b 73b 74b Eaton Axle 66b 65U 66b 63b Graham Paige .. 30b 30b 30b 30b Gabriel Snbbrs.. 23 22b 2.3 22b General Motors 74L 72b 73b 73*, Hudson 89 b 37 b 83 39 b Hupp 46b 46 46 46b Auourn 330 360 380 352 b Mack Trucks . ...100’* 99b 100 b 99 Marmon 85b 84 b 84b- 86 Reo 23 s * 22 s , 23b 23b Motor Wheel .... .. ... 34b 44 1 Nash 88 b Sob 38 b 38 b Packard 135 b 133 1 2 134 b 135 b Murray B 92 91 b 91b 91b Pierce Arrow , . 3lb ?ib 31b 33 Studebaker Cor.. 76b 76b *6b 77 Elec S Baterv.., 8"b 87 87 86b Stew Warner .... 74 73b 73b 74b Timken Bear ...,107 s * 108 b 106 b 107 b Willys-overland 26 3 ,26 b 26b 26b Yellow Trk 41b 40b 40b 41 Whit° Motor ... ... 44 Mining— Am Smlt & Rig.lllb 110 b 111 b 110’-/ Anaconda Cop ... 121 - 119 b 120 b 19 3 , Calumet & Ariz . ,30b 130 13P .42b Andes 54b 53b 53b 53b Nev Cons 47L 46 s * 46b 46b Cranby 85 s * 85 b 85b 34b Inspiration Cop .. 46b 46b Int Nickel .. 50b 30b 50 1 2 51 Kennecott Cop. 92b 91 b 92 b 91 b Magma Cop 68b 68b Miami Copper.. 45 44b 45 4”, Texas Gulf Sul 72b 71b 71b 72 b U S Smelt. .... 57b 57b 57b 58 Oils— Atlantic Rfg .... 75b 74b 73 s , 75> 2 Barnsdale 40b 40 'j 40 b 41 Freeport-Texas .... ... 45b 45 s * Houston Oil . ... 80 80 b Indp Oil At Gas.. 34b 34 s * 34b 343,. Cont Oil 35 V, 35 35 35 b Mid-Cont Petrol 33b 33b 33b 33b Lago Oil &Tr 333, 331 , 2 Pan-Ain Pet 'Bl 57 56b 57 o'! Phillips Petrol 37', 373, Union of Cal 47b 47b 47b 48 Pure Oil 26b 26b 26b 27 Prairie Pipe . , go Shell '26b 26b 26’* 27 Richfield 42 41 b 41’, 41b Sinclair Oil .... 36b 36',* 36b 36' 2 Skelly Oil 41b 41b 41b 41', Std Oil Ca 1.... 73b 72b 73b 73', Std Oil N J 57b 57b 57b 57'Std Oil N Y 39 b 39 39 39 * Texas Corp 63 62 s * 63 63 Transcontl 12b lib !2b 11 s * White Eagle ... 333Industrials— Adv Rumely . 42 Allis Chalmers . .. ... ... 271 Allied Chemical 343 340 340 346 Armour A 12b 12b 12b pa, Amer Can 162', 160 162 b Am Rqll Mill ... ... i2lb Borg Warner ... .. 119’Am Safety Raz 65b Amer Ice 46 45b 46 46b Coca Cola .. ... 147 3 , Conti Can i47b 76b .Certainteed . 24b .Congoleum 24b 23 b 24', 24 Davison Chem . 55% 54 54 553,: Dupont. 195'* 193 b 194 ,55b Famous Players. 65’- 64% 65 65 fox, 'A * 85 b 87 88 V, 87 Link Belt . . 51 gj Glidden 60b 59% 59b 61b Gold Dust 65b 651* 65b 66b Ini. Harvester ..114b 133 b 114 b li4b Lambert 150 149V* 150 149' Loews 59 b 58b 58'- 59 Kostler 38 37 V* 37% 38 Montgom Ward 124 s * 122% 123', 122 b ™ C D K 132 129 b 130 b 130 s * Keith Radio 193 Owens Bottle 78b 78b Radio Corp .... 82 78% 79b 82b Real Silk 82>, 79V* 79b 81’* Rem Rand 142 140 142 39b Sears Roebuck ..175 173’* 175 173 Union Carbide ..124 120 122 1233, Warner 8r05... . 531 ' Univ Pipe 24 s * 24b *24 s „ 12b USCs Ir Pipe.. 34 33b 34 33b U S Indus Alco .191 186 191 -186 United Air Craft 129 128% 128% 'l3Bb Woolworth Cos.. 90 89 b 8.9 b9O % Utilities— Am Tel Sc Te1...242b 240‘, 241 b 241 Am E Power... ug Am Wat Wks.. .143', 140 i 43 % 140 Brklyn-Manh T 62 62', 62', 62 Col GAt E 85’/* 83b 85’* 84b Consol Gas 133 b 129’* 133 b 129 b Elec Pow & Lt.. 78% 75b 76b 78 Pub Serv N J... 112 109% 112 109 b Nor Am Cos ...144% 142% 144 b 144 So Cal Edison... 63’* 63b 63 s * 63’. Peoples Gas 332 339 332 330 United Corn 69b 688,2 68% 68 Std Gas At E1..127% i?#b 127 123 s , Utilities Power. . 45 44b 44b 44b West Union Tel 212’, 212 212 213' 2 Shipping— Am Inti Corp... 72', 71 72b 71b Atl Gulf & W I . ... 631® Inti Mer M pfd.. 47b 46b 46b 46b United Fruit ...120% 199 b 120 119 b Foods— Am Sug Rfg ... 84% 84 84b 83b Am Beet Sugar. . . 151 2 Kroger 90 89', 90 89 Beechnut Pkg... . . . , 84% California Pkg,. 78b 78b 78b 78 Corn Products ,104 b 103 b 103’* 104 s * Cuba Canc Su p lib lib lib 11 s * Cuban Am Sug . 15 14% 14’* 15 Fleischmann Cos 90 b 89 89'/ 89', Kraft Cheese... 50b 49b 50’ 2 49b Natl Biscuit ...,260b 268 b 260 5 , 208 s , Punta Alegre. ... .. . 17 J^ Postum Cos 78 b 76 3 , 78 b 78b Ward Baking B 12b 12' 2 Tobaccos— Am Sumatra.... .. ... ... 37' 2 Am Tob B 175 177 Con Cigars 76 General Cigar. • ... 76’* Lig At Meyers.. ... 88b 89 Lorillard 24b 24 5 , 24b 25 R J Reynolds. . . 57 57'* Tob Products B 15b 14’* 14% 14b United Cigar St 17b 16b 17 16% Schulte Ret Strs 24b 22b 23b 22 Grand Union C 25 s * 25 25 25 Grand Union pfd 45’, LhAlnvestments ‘'FLETCHER AMERICAN COMPANY Indiana's Largest Investment House

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HOGS DROP 10 TO 25 CENTS IN CITY MART Cattle Also Fall: Sheep and Lambs Steady: Chicago Slow. July Bulk 1 op. Receipts i | Its 1 1 65 11.55 6.000 5. 116091 11.75 11.75 6.500 rt 11754) 11 90 17.00 5.500 7. 118541 12 00 12.09 8.000 8 11 904( 12 10 12.45 9.000 9. 11 654i 12.00 12 00 9.000 The hog market opened 10 t,o 25 cents lower than Tuesday’s best prices. The bulk of 160-250 pounds: brought $11.65 to sl2. Receipts were 8.000. and holdovers from Tuesday's market numbered 230. Cattle opened with beef steers 16 to 25 cents lower, except the strictly choice. Vcalers sold at $16.50 down and top price paid was $16.25. Sheep and lambs were going steady. Fat ewes were selling at $4.50 to $6.50 and bulk. sl3 to $14.50. The top price was sls. The Chicago hog market went slow to 10 cents lower than Tuesday's average. Choice 160-210-pound weights had several bids and a few sales at $ll.OO to SJ2. and 260-pound weights sold at $11.55. Receipts were 25.000. including 7.500 directs, and holdovers totaled 9,000. Cat.tle receipts numbered 11,000 and sheep, 18 000. Hop prices today were as follows: 250-350 pounds. sll to $11.60; 200250 pounds. $11.60 to $11.90; 160-200 pounds. sl2; 130-160 pounds. $11.50 to sl2: 90-130 pounds. $10.75 to $11.50, and packing sows. $9.50 to $10.50. Cattle receipts were 1.700; calf receipts were 850: beef steers. $13.50 to $16.25; beef cows. $8 25 to $11; low cutter and cutter cows. $6 to $7.50: vcalers, sls to $16.30; heavy calves. $7.50 to $12.50; bulk stock and feeder steers, $9 to $12.50. Sheep receipts were 1.600: top fat lambs. sls; bulk fat lambs. sl4 to sls; bulk cull lambs. $lO to sl2' bulk fat ewes. $4.50 to $6.50.

—Hojs— Receipts. 9.000; market, weak. 259-330 lbs $11.0045 11.60 200-250 lbs. n-jjO'S.ILSO 160-200 lbs 130-160 lbs 11.5045 12.00 90-130 lbs Packing sows 9.00aT0 25 —CattleReceipts. 1.700; market, steady. Best teals \t'nn Beef cows *’2545 11.00 Low cutter and cutter cow? .. 6.004/ 7.50 Bulk stock and feeder steers.. 9.004/ 12.50 —Calves — Receipts, 850. Best veals Hea"v calves /.00©12.a0 —Sheep— Receipts. 1,600; market, steady to weak. Top fat lambs L.. 515.00 Bulk fat lambs J 5.00 Bulk cull lambs 10.00 J 12.00 Buik fat ewes* 4.50(5. 6.00 Other Livestock B >/ t'nitcd Press CHICAGO. July 10.— Hogs—Receipts, 25,000. including 7.500 directs; market mostly 10c lower than Tuesday's averages; lop, $12.05: bulk good to choice. 160-220 lbs.. $11,754/ 12; 230-250 lbs. $11,504/ 11./5; butcher, medium to choice, 250-350 lbs.. sll4/11.65; 200-250 lb?., $11.40(5-2.05: 160200 lbs., $11,504/ 12.65: 130-160 lbs.. sll.lO 4/12.05: packing sows. $9,654/ 10.60: pigs, medium to choice, 90-130 lbs.. $10,504/ 11.25. Cattle—Receipts* 11.000; calves, receipts, 2.500: few loads of strictly choice weighty steers, steady, other grades and yearlings weak to 15c lower and slow at decline; pood to choice yearlings numerous: $16.40 bid for choice heavy steers, slaughter classes, steers, good and choice, 1,3001 500 lbs.. $14,754/ 16.40: 1,100-1.300 lbs.. $14,754/ 16.40: 950-1.100 lbs.. $13,504/ 16.25: common to medium, 850 lbs., $lO4/ 13.50; fed vearlings. good and choice. 750-950 lbs., $13,504? 16.25: heifers, good to choice. 850 lbs. down. $13,254/ 15.50: common to medium, $9.754/13.50; cows, good to choice, $9,504/ 12.75: common to medium. SB4/9.50: low cutter and cutter, $6.25478; bulls, good to choice, beef. $10.254711.75; cutter to medium. $7,754/ 10.25; veaiers. milk fed. good to choice. 514.5045 17; medium. 512.50 4/14.50; cull and common. SB4/ 12.50: Stocker and feeder steers, good to choice, all weights. $12,254/ 13.50: common to medium. $9,504/ 12.25. Sheep—Receipts. 21,000: native, active to 25c lower; westerns, unsold: fat natives. $14.75: yearlings, $12.50; fat ewes, steady at $5,504/ 11.50: feeding iambs quotable steady; lambs, good and choice. 92 lbs. down. $14,754/ 15.15; medium. $12.754V 14.25: cull and common, $lO 4/12.75: ewes, medium to choice. 150 lbs. down $5,504/ 6.76: cull and common, $2.50 ®5.50: feeder lambs, good and choice, $12,504/ 13.65.

Bv I mtc'l Prnts EAST BUFFALO. July IP.—Hogs—Receipts. 1.000 holdovers. 300: market, weak. 15c down: 250-350 lbs.. $11,401? 12.10: 200250 lbs.. $1245,12.75: 160-200 lbs.. $12,251; 12.75: 130-160 lbs.. $12,40® 12.90; 90-130 lbs . $12,404? 12.90: packing sows, *10.254/ 10.60. Cattle —Receipts; 200: market, steady: calves, receipts. 200: market, active, 'steady; beef steers. $13.5045 15: light yearling steers and heifers. $14.5047 16: beef cows. $104? 10.50; low cutter and cutter cows. $6448: vealers. $17,506/ 18. Sheep —Receipts. 1.300; market, generally steady, top fat lambs. $15.5045 16.25; bulk fat lambs. *1145 13.25: bulk cull lambs. $6.5045 7.25: bulk fat ewes. $10.5045 13. 0 B’l r nitrtl Press FT. WAYNE. Ind.. July 10.—Cattle— Receipts, 100; calves. 500; hogs. 400; sheep. 100; market, steadv to 5c lower; 90-120 lbs.. $10.75; 120-140 lbs.. $11.15; 140-160 lbs. *11.50; 160-180 lbs.. $11.70; 180-200 lbs.. $11.85. 200-225 lbs.. 5J1.75: 225-275 lbs. $11.50; 275-325 lbs.. $11.25: roughs, *9.50; stags. *7.25; calves, sl6; lambs, sl4. Rv Timfs Special LOUISVILLE, Julv 10.—Hogs—Receipts. 600; market 15c lower: ntedium and lights, 130 to 300 lbs., $10,854/ 11.70: extreme heavies. 300 lbs. up. $11.20: pigs. 130 lbs. down. 57.60ff8.85: stags and throwouts. $8.7545 9.35. Cattle—Receipts. 200: market steadv: prime heavy steers. $124514: heavy 'hipping steers. *ll4/12; medium and plain steers. $9.5045 11: fat heifers. $8.504513: good to choice cows. SB4/9.50: medium to good cows. $8,504/ 3; cutters. $645 6.50: canners. $545 5.50: bulls. $7.5045 9; feeders. $9.5045 12: Stockers. $8,504/ 11.50. Calves— Receipts. 300; market steadv: fancy calves. sl4: good to choice. $11,504? 13.50: medium to good. $8.504i 10.50: outs. $8.50 down. Sheep—Receipts. 3,000: market steady: ewes and wethers, sl4; seconds. $8.2545 9.25: buck lambs. sl3: sheep. $4.50455.50. Tuesdays shipments; Cattle. 57; calves, 142: hogs, 399; sheep. 3,385. B;i Times Special CLEVELAND. July 10.—Hogs—Receipts. 1.900: market 10 ® 25c lower; 250-350 lbs.. *11.1545 11.35; 200-250 lbs.. $12.10®12.40; 160-200 lbs. $12.1545 12.40: 130-160 lbs.. $12.15ff 12.40: 90-130 lbs.. $12.1545 12.40: packing sows. $9.7545 10. Cattle—Receipts, 375: market, grass, steers 25c lower: calves, receipts 600: market, vealers weak: others steady: beef steers. $104511.60; beef cows. SB4/ 9.25; low cutter and cutter cows. $64/ 7; vealers, $15.50® 13.50. Sheep—Receipts. I. market. lambs 251i50c lower: sheep steady; top fat lambs. *14.7545 15: bulk fat lambs, $124/ 13.50: bulk cull lambs. $645 7. B>/ I pit' ll Pres 1 PITTSBURGH. July 10.—Hogs—Receipts. 2.700: market 25c lower: 250-350 lbs.. *11.65 45 12.35: 200-250 lbs.. $1245 12.50: 160-200 lbs.. $12.40® 12.50; 130-160 lbs.. $12.25® 12.50: 90130 lbs.. *1245 12.50: packing sows. $9.5045 to. Cattle—Receipts, none: calves, receipts 300: market firm: beef steers. $12.50® 15.25: light yearling steers and heifers. sl2® 15: beef cows. SB4? 11 low cutter and cutter cows. $64/7.75: vealers. Sl4® 17.50: heavy calves. sll® 16,50. Sheep—Rec'ipts. 250; market steady; top fat lambs. $15.50: bulk fat lambs. $1445 15.50: bulk cull lambs. $945' 11. bulk fat ewes. s6® 7. bulk feeding lambs. s9® 12.

STEEL TONNAGE DROPS U. S. Reports Decrease in Unfilled Orders of 47,457 Tons. B'l T n't r and Prrn* NEW YORK. July 10.—United States Steel corporation today reported unfilled orders as of June 30 at 4.256.910 tons, a decrease of 47.457 tons from May 31 total of 4.301.157. On April 30 orders totalled 4.427.763 tons: on March 31. 4.410.718 tons and on June 30. 1928. 3,673.009 toot,

SALE OF WILLYS. STOCK REPORTED

Toledo Men Said to Have Obtained Control of Auto Company. By T'nitcd Pa ss NEW YORK. July 10.—Rumors in the financial district today were to the effect that a group of Toledo men had obtained control of the Willys-Overland Company. John N. Willys, president of the company, was reported to have sold his personal holdings and it was believed he was being considered by President Hoover for a diplomatic post. C. O. Miniger and George M. .Jones were mentioned in the reports as Toledoans involved in the transaction. Miniger is president of the Elcctric-Auto-Lite Company and chairman of the U. S. L. Battery Corporation. Jones is a banker. It has been hinted for some time that Willys would resign the presidency of the automobile company, but this is the first intimation that he would sell his holdings. Financial authorities pointed out. that if the rumors were correct it would be one of the largest transactions ever made in the automobile industry. The, Willys-Overland Company is rated as one of the six largest motor concerns. The main plant of the company, which was one of the pioneers of mass production, is in Toledo. Other plants are at Elmira, N. Y.; Pontiac. Mich.; Elyria. 0., and Los Angeles. The company’s total assets are about $90,000,000, and last year net sales were $187,233,388. Report Deal Closed Pu r nit a! Pros* TOLEDO. 0., July 10.—Sale of John N. Willys' personal holdings in the Wiliys.-Overland company to a s-roup of Toledo and Chicago interests. headed by George M. Jones and C. O. Miniger, will be consumated Aug. 1. it w-as learned definitely today. Jones and Miniger said negotiations -for the purchase of Willys’ personal interests in the automobile manufacturing company had been under way for several weeks. Willys’ holdings at this time were said to total about 800.000 shares of common stock. While the consideration is closely guarded, it was learned Willys had refused offer of S3O a share several weeks ago.

On Commission Row FRUITS Apples—Barrel, choice. $24/2.25: Harvest, $2,504/3; new Transparent Icy, $3.50® 4. Apricots—s2,7s4/ 3. Cnerries —California. $3.25. Grapes—Argentina, $6. Lemons —California, a crate. $8.50® 10. Limes—Jamaica 100 by count. $3. Oranges—California Valencia. $3.75®,7. Peaches—Hiley Belles, per bushel, s4® 4.50. Strawberries—Home grown. 24-pint crate, $44/4.50: Michigan 16 qt. crate. $1.75173. Raspberries—lndiana. 24-plnt crate. $3.50: red. $4; black. $3. Plums—s2.7s. Vegetables Artichokes —$1.50 a dozen. Asparagus—Home grown, 65C1551 a doz. Beans—Green, stringless. $3.50. Beets—Home grown, doz.. 40c. Carrots —Home grown, doz., 50c. Cabbage—s3.2s bushel. Cantaloupes—Jum'co. era'". $5474.30: Pony, crate. $3.75; Fiats. $2. Cauliflower —Home grown, bu.. $2. Eggplant—sl.so®2 a dozen; $2®.2.25 a hamper. Parsnips—*sl.2s a bushel. Radishes—Button hothouse doz. bunches. 50c; southern long red. 154725 c doz. Spinach—Home grown, SI. Turnips—Sl'S 1.25 a bushel. Tomatoes—Hothouse. 10 lb- basket, $1.50 @1.75. Kale—Spring, a bushel, sl. Celery—California, per crate, sl2. Lettuce—California Iceberg. S5 crate: home-grown leaf, a bushel. 85c. Onions—Texas yellow crate, $2.25; white, crate. $3.25. Corn—Fancy Texas, per bushel. $2,751/3. Cucumbers—Hothouse, per dozen, $1.25. a hamper. Mustard—Per bu., sl. Rhubard —30@35c a doz. Coconuts—ss.so a. bag of 100. Sweet Potatoes —Porto Ricans, per hamper. $2,501/2.65; new sweets. $3 hamper. Shallots—3s®4oc a bunch. Potatoes—Michigan round whites. 150 lbs./ $1,754/2: Idaho. $2.50 a bag; Coblers, barfel. *s® 5.25: Louisiana, new . $3,754/ 4. Parsley—Home grown, dozen bunches, 45c. Peas—Home grown. $3 bushel. Peppers—Florida, a crate, '385: Louisiana. a hamper. [email protected]. Watermelons —Florida. 75c each. Bu X nited Press CHICAGO. July 10.—Apples, $2 to $2.50 per bushel.

Produce Markets

Butter (wholesale'—No. 1. 47f£48c. No, _ 4454.45 c. Butterfat —Lb.. 45®<47c. Cheese (wholesale selling price per pound'—American loaf, 38c; pimento loaf. 40c; Wisconsin flat, 23c: prime cream, 37c, Daisy. 23c; Longhorn. 25c; New York 11mberger. 30c. _ . . , , , Eggs—Buying prices: Fresh delivered at Indianapolis, loss off No. 1. 28c: No. 2. ' 23c. Poultry (buying pricesi—Fowls, 23c: Legnorns hens. 18c: broilers full feathered, i 28c; broilers bare back. 23c; Leghorns. 23c; old roosters, large 15c; small 10@13c: ducks, 12® 14c: spring guineas, 30c; turkeys. No. 1 voung toms. 12 lbs. and up, 35^738c: No. 1 young hens. 25c a lb.: No. 1 told toms. 22&25c; No. 2 old hens. 30c a lb. Bn T^nilrri Pres* CHICAGO. July 10.—Eggs—Market unchanged: receipts 8.731 cases. Butter Market steady: receipts 11.805 tubs; extras. 40 3 ic; extra firsts, 39*2®40c: firsts. 38'- ft 39c seconds. 377/ 38c: standards. 40 3 :c. j Poultry—Market firm, receipts none; fowls. < 18>-7/30c; springers. 287/34c: Leghorns. 21 7/26c; ducks, spring. 24c: geese. 15c; tur- . keys, 207/30c: roosters, 20c: broilers. 297/ j 32c. Chese—Twins. 21c; voting Americas. I 22c. Potatoes—On track, 168: arrivals. 93c: in trnasit. 980: mark°t firm; East Shore Virginia, barrels. Irish Cobblers, $4,90 7/ 5.10 best North Carolina. 34.807/ 4.85; ,-outhern* sacked Bliss Triumphs, asking $3.25. B'i r ailed Prey* NEW YORK,. July 10.—Flour—Quiet; [ spring patents. $5,757/ 7.15. Pork—Steady: mess, $31.50. Lard—Firm; middle west spot. $12,457/12.55. Tallow —Firm, special to extra. 77/7’,c. Potatoes—Stead'-: southern. $1,257/4.25: Maine. 52.257/2.50: sweet] potatoes, nominal. Dressed poultry Stead-: turkeys. 257 42c: capons. 307;46c. i fowls. 24 7; 33c; ducks, 137; 23c: ducks. L-ong Island, 24c. Live poultry—Firm: geese, 13 7/ 17c; ducks. 167;25c: fowls. 30ft32c; turkeys. 207;35c: roosters, 207/21c: broilers, 217/46c. Cheese—Dull: state whole milk.; fanev to special. 27 I j7/29 , 2C; young Amer- ; icas. 22’2 /28c. Butter—Market unsettled: 1 receipts. 14.127: creamery extras, 42c: spe- j cial market, 42'27;43c Eggs—Market,’ firm: receipts, 32.275; nearbv wmite fancy, 41-/44c: state whites. 317/43c: fresh firsts. 31 3 4 7>32c; Pacific coasts. 337/ 34c; white westerns, 327;35r 2C: ivearby browns, 327; 42c. Raw sugar—firm: spot 96 test delivered duty paid, 3.83 c refined stead - : granulated. 5.25 c. Coffee —Rio No. 7 on spot. 16 3 4 c; Santos No. 4, 23®'23*sC. t B V I nit erf J’rrat CLEVELAND. July 10.—Batter—Extras, 1 40 3 .*ft 42 3 4C: seconds. 33 3 4 7/ 40 3 c. Eggs firsts. 31'2ft 32c. ordinaries. 29c. Poultry—! Fow-Js. 30c; broilers, 307;36c: Leghorn. 24ft 1 25c; Leghorn broilers. 277; 28c: ducks. 30ft 33c; old cocks. 13ftT9c By I n it'd Prat CHICAGO. Julv 10.—Closing Quotations on the Chicago mercantile exchange. Eggs —November refrigerator standards, old 37; new- 30-V Butter—July, fresh standards 40 3 .c August, fresh standards 49Lc: December storag- standards. 13 -c. | Local Wagon Wheat Cit - gran: elevators are paving 81.06 for old crop No. 2 red i aaa *i.Cl for old tioff No. 2 AMfc

STRENGTH HELD BY FAT CATTLE Prospects Good for Late Summer Shipping. Judging by the records of shipments of stockers and feeders from the principal markets to the country last winter, the prospects for strength in the fat-cattle market during July. August and September appear fully as bright as a ye#r ago, reports The Farm Journal. During December. January and February, the out-shipments of stockers and feeders from twelve markets into seven of the principal cattle-feeding states, totaled 334.000 head, as compared with 470.000 head for the same period a year ago. Last year, the fat-cattle market advanced from a top of sls per hundred pounds for good steers, in June, to a top of $lB. in September. This was true of both lightweight and heavyweight cattle. The prices quoted were for the Kansas City market. During the last twenty years, the summer market for fat cattle has show n a substantial advance in price about two-thirds of the time. The exceptions were most generally the years when cattle prices were on the downward part of the cat tie-price cycle. Tire demand side of the market does not appear to be so strong as a year ago. however, for the index of wholesale prices is not so high as it was a year ago. URGE WHEAT EXPORT Hoover’s Aid Sought in Grain Movement. Pu r nit rd Prcfi* WASHINGTON. July 10.—Movement of the large holdover wheat crop again w-as brought to - President Herbert Hoover's attention today. Chairman T. V. O'Connor of the shipping board and Senator Tom Connally of Texas called at the White House to discuss the problem with the President, through whose efforts railroads recently reduced freight charges on wheat to facilitate movement. Connally told the President Texas ports were becoming glutted and urged government action to stimulate export sales. Chairman O'Connor said after the conference the shipping board had sufficient vessels (q move additional cargo. In the Stock Market i By Thomson Ac McKinnon ' NEW YORK, July 10.—Reviews covering that which industry has accomplished during the first half of the year leave nothing to the imagination. The suinmary published this morning by the organ of the bankers association finds American business at anew peak." The report on carloaaings confirms this statement with the movement of freight exceeding that of any previous similar period. Most encouraging also are the unmistakable indications of a similar outlook for the last half of the year. We can anticipate during the day mid-week reviews covering the steel industry that will confirm far less than ordinary seasonal recessions. It is because of these conditions that wc can not modify our optimistic view point toward the security market. Also we doubt very much wether the impairment of the technical position of the market has been important enough to give us anything other than very moderate reactions from time to time.

Births Beys Haske! and Arm Nash, city hospital. Chester and Clyde Gibson, city hospital. Robert and Carrie Proctor, city hospital. Edward and Mae Smith, city hospital Ro- and Maude Bunnell city hospital Fredrick and Lula Crouch, cit; nospital. Andrew and Mattie Ross, city hospital. Orville and Opal Bright, city hospital. William and Naomi Francis, city hospital. John and Audre- Neal, city hospital. James and Edna Sherron, 1207 East Nineteenth. Elsie and Catherine Pullins, 1151 North Sheffield. Isiah and Marie Jackson, city hospital. Ray and Fannie Kirchbaum, city hospital.' Lawrence and Thelma Murphy. 805 North Illinois. Robert and Bernice Loliman. 1006 .Shclbv Kelley and Quillie Rucker, 20 South Key . stone. Charles and Mabel Griner. 6221 Vest Minnesota. Orle and Mabel Adamson. 1545 Richland. John and Francis Gilley, Christian hospital. Girl* Garnet and Mar 1 Barker, civ ho nital. Joe and Villa Sutton, city hospital. Edman and Anna Wagner, city nospital. Paul and Glad-s ce, citv hospital. E- erett and Ethel May city hospital. Porter and Mattie Rutland, city hospital. Frank and Francis Neal, cit- hospital. Henr- and Blanch Gmaling. 2331 Spann. Oscar and Ruth Adams. 1129 North Mount, Charles and Mildred Mulkey. >29 King * Ruben and Gertrud* Winish. 1332 Bellfontaine. Deaths Mary E. Willson. 70 1663 College, chronic Lee, 9 davs. 3168 North Olney, hemophilia. Ed® in Haase, 22. cvv hospital, acute appendicitis * Harry Ferguson. 52, 616 Biaic'. mitral insufficiency. / ... _ Nanc- Alice Hgeaor, •■. 2234 South Pennsylvania, acute cardiac dilatation. Orville Hardin 35. Twenty-fifth and Northwestern, angina pectoris Cordelia J Beechum. 39, 1020 Asbury, cardio renal disease. Lerov Da-is. 7. 1067 West Twenty-sixth, lobar pneumonia . . Alonozo Mitchell. 77. Centra. Inoiana hospital, broncho pneumonia Harrv Willumberger 58. 219 East Eleventh, coronar- thrombosr-. Rosa E. Campbel. 72, 2407 Massachusetts, carcinoma. . „ _ . Magdalena Eberhardt. 76. 1!5 Blue Ridge Road, cerebral nemorrhag* Levena Albright Huber. 23. city hospital, pulmonary tuberculosis Lottie Clark. 63. Methods' hospital, chronic parenchymatous nephritis Haze’ lona Helmuth. 34. 719 East Thir-ty-fourth. phthisis. Famous Polish Painter Dies Ril t p,(n f press WARSAW. July 10.—Julian Faiat. 76. internationally knovn Polish painter, died in the village of Bistrej, in old Austrian Silesia, advices received

..JTLY 10,1929

BUSINESS FOR HALF YEAR AT RECORD NOTCH High Production Marks are Established: Demand Stays Brisk. pu 7 in" < silt l int NEW Y*ORK. July 10.—The composite balance sheet of American business at the close of the first half-year reveals a strength and liquidity of position surpassing anything achieved in the past, says the American Beakers' Association Journal in its current issue. The review says: * "All three mainstays of the present era of prosperity continue to give a good account of themselves, with the steel industry operating at the rate of 57.000,000 tons annually, and the automobile industry aiming ai an output of more than 6,000.000 vehicles. Building construction hafallen only 12 per cent behind last year, in spite of scarcity of mortgage money. "A score of other industries of scarcely less importance have established new high production records in the period, and concern even is expressed that output may overrun demand in certain lines, notably the textiles. Distribution of commodities. however, is holding to a high level and the belated hot. weather has resulted in a brisk movement of lighter weight apparel and other seasonable goods. "Individual merchants who follow the style trend and operate along scientific methods need have no grounds for complaint, even against the competition of the chain store organizations. "The surprisingly high rate of ac- : tivity in manufacturing this year is showing up in the available statistics covering the first five months, with June estimated, and it is found that in no less than twenty-five major industries there apparently were established new records in the halfyear just passed. "These include pig iron and steel, automobiles and trucks, airplanes, motor boats, tires, crude petroleum and gasoline: farm implements, ma- ! chine tools, electrical apparatus, copper, plate glass sulphuric acid. ■ silk and rayon, cr ion goods, clothing. newsprint, flour, bakery and dairy products, confectionery and cigarets. "Os the three industries that for | so long have been the backbone of the present era of prosperity, fh° steel industry still is running full blast with an output of ingots 14 i per cent ahead of last year and at : the rate of 57,000.000 tons annually. Automobile and truck production records point to an output for the ! full year in excess of 6,000,000 vehicles. or one-third more .than 1928. i the previous best year.

Legal Notices BOARD OF ZONING APPEALS NOTICE OF HEARING Notice i; hereby given that Paul v Matkin has filed with the Board of Zoning Appeals of the City oi Indianapolis a petition asking permission to vary ihc requirements of the Zoning Ordinanc* bv erecting garage and storage shed for contractor's equipment, at 2921-23 Chester A\enue A public hearing will be held by said Board in Room 101 Cll-• Hall. Tuesday July 30th. 1929 at 2*:30 p. in,, at. wlurii time and plac- all interested persons Fi 1 or ei-rn opportunity to hr heard in reference to the matters set, out in said petition. BOARD OF ZONING APPEALS. GEO T. O CONNOR. President. H p STI E< ■ Secret r INDIANA WORLD WAR MEMORIAL NOTICE TO BIDDERS. 1. <a) Sealed proposals ’.’ill be receiv'd at Urn oflice of the Trustees of the Indl- - World War Memorial. Indiana, World War building, corner S'. Clair ana Meridian streets. Indianapolis. Inoiana. until 10 o'clock a. n,. Tuesday. Aug. 20, 1929. lor furnishing materials, and labor necessary lor the installation of temporary heating equipment In the main structure, designated a:. Building "A" of the Indiana, World War Memorial Structures, in Sauare No. 16 bounded by Meridian, Michigan. Pennsylvania and Vermont streets, in the ct.v ot Indianapolis. Indiana, ail as per contract-docu-ments. plans and specification.-, prepared by Walker fc Week-, architects. 2341 Carnegie avenue. Cleveland. Ohio, and approved and adopted by said Trustee:.. tbi. The plans, specifications, eontrew forms 'in the form that, will be required to be ?igned by the successful bidden and proposal form are on file and can b seer at the office of the Trustees and of the architects. Copses of the plans and specifications mav be ohtaind at th* off in oi the Trustees or from the architects upon deposit of Tweni v-fi c i $25.001 Ds 1 - Inrs. ” inch deposit will be refunded when the plan? and specifications are. returned. All deposit, checks shall be certified and made payable to Walker As Weeks I ri All proposal? shall be mad' “nd submitted on tp-vial propea! form: furnish'd bv the architects, and strlctl" as required therein, enclosed in a. seal'd ent elope endorsed with the name of the v ork to which it reters and address'd to “Trustees of the Indiana World War Memorial.’’ 102 War Memorial building. St. Clair and Meridian streets. Indianapolis. Indiana. idi Each proposal shall be accompanied bv an aopro'ea surety company's bond or a c'rtificd check made pa-, able to Trustees oi the Indiana World War Memorial in an amount equal to ten per cent 110'/i of the bid or proposal tendered: such bond to be pa-able without any relief whatever from valuation and appraisement laws of the State of Indiana The Trustees to have the right to hold and retain ail certified checks and guarantee bonds, submitted until an award is made and a contract is entered ir.'o or until all bids have been rejected If for an-, reason whatever the succe: - ful bidder fails to enter into a contract within ten >lo* days after th* award l made, then such certified check shall b* forfeited to and retained bv the Truste"? of the Indiana World War Memorial a;, and for liquidated damages sustained bv reason of the failure of the bidder to enter into such contract and if such bid is accompanied by a surety company's proposal guarantee bond, then and in that eent. Trustees of the Indiana World War Memorial shall have a right so recover a and for liquidated damages the full amount of the penalty of such bond: together with interest at the rate of six per cent i6'-i per annum and attorney s fc In either case. Trustees of the. Indiana World War Memorial reser-e th* right to let the contract to anv other of said bidders whose bid may be deemed bv 'aid Trustees to be the next lowest and best bid or mav reject all other bids and readvertise as they may deem best. /ei Each proposal shall ha? the amount-, written with ink or fypewr:*er in words and figure:-:. Each bidder hall s'ate the rime within which he agree" to complete the work comprised in this contract. ‘f/ The time set for the completion of tiie work bv the bidders will be considered in determining the successful bidder. •e ■ Upon the acceptance of anv proposal and the award of .the contrac'. th' bidder to whom the award Is made will be required within ten • 101 davs to enter into the contract and to give an appro? ed Surety Bend in the form and in th' amount and upon conditions as; prescribed in the General Conditions of the specifications on file at, the offices of the Trustee? and of the Architects. lh> Each proposal shah be proper! signed with the full name of the person, firm or corporation submitting the sam*. Hi Each bidder shall file with his bid an affidavit that such bidder has not directly or indirectly entered into ar." combination, undertaking, collusion or agreement with anv other bidder or prospective bidder to maintain the price of anv work or contract, or to prevent another bidder from bidding or to indue' any bidder to refrain from bidding on anv contract work and that such bid r made without regard or reference to another bid. and without anv agreement or understanding or combination, either directlv or indirectly, with anv other person with reference to such bidding in anv manner whatsoever /J* The Trustees reser■* the right to reiect anv and all propoaals TRUSTEES OF THE INDIANA WORLD WAR MEMORIAL MARCUS S. SONNTAG President FRANK a. HENLEY. Becretar?.