Indianapolis Times, Volume 41, Number 55, Indianapolis, Marion County, 15 July 1929 — Page 12

PAGE 12

STEELS, MOTOR, UTILITIES DROP; RAILS ADVANCE 12 Per Cent Call Money Weakens Stocks: Selling Heavy.

Average Stock Prices

Average o' tu#r,f* industrials for Monday vas 345.94 off .43 A* *rasr* of twenty riU was 174.78. up 4.83. A* f rage of forty bonds was 93.29. off 09 Bp t nitf.fl Vr* NEW YORK July 15.—Impressive strength in the railroad group featured an otherwise reactionary stock market at the start of the new week and served to steady prices in the face of 12 per cent call money. Heavy selling took place shortly *ftr the opening, and substantial recessions from their previous closing levels took place in steel. General Motors, General Electric and other recent leaders. However, prices firmed up around noon, only to break to further lows in the afternoon simultaneously with successive advances in the call rate first; to 10 per cent and then to 12 per cent. However, heaviness in other sections of the list had comparatively little effect on representative carrier shares and issues of this class engaged in a bull move by themselves. Mlssou rl-Kansas-Texas, Pennsylvania, Missouri Pacific, Rock Island, St. Louis-San Francisco, Atchison. Union Pacific, Eric, and Chesapeake X Ohio all sold at their highest levels in history. New York Central, the St. Paul issues, Canadian Pacific, Western Maryland. Reading and other recent leaders of this group were taken at large blocks at their best levels of the movement. So great was the trading in these issues that the tape was largely monopolized by railroad quotations. Selling in the general list was concentrated on the public utility shares, both Consolidated Gas and Standard Gas being offered freely. National Power and Light. United Gas Improvement new stock and other recent leaders of the advance sold off one to 4 points from their previous closing levels. General Motors was depressed on special reasons. United States Steel led the downswing in the steel issues. Bethlehem, Colorado Fuel and Iron and other leaders were sold in large blocks at substantial recessions. Weakness in Atlantic. Refining induced considerable nervousness in the oils.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings July 15, $4,381,000: debits. $8,887,000. CHICAGO STATEMENT Bn I'rtited Prrst CHICAGO, Julv 15.—Bank clearings, 103.200.000; house clearings balances. *7,000.000. TREASURY STATEMENT Bv United Pr era WASHINGTON. July 15.—Treasury net balance.* Julv 12. $239,388.782 04 customs receipts to that date. $19,829,331 94. NEW YORK STATEMENT Bu United rrrs NEW YORK. July 15—Bank clearing*. $611,000,000; clearing house balance $128.000.000 Federal reserve bank credit balance. $123,000,000.

In the Stock Market

(Bv Thomson Ar McKinnon) NEW YORK. July 15.—The long expected and frequently postponed movement in the railroad shares appears to be under way at last. There is perhaps more merit to the popularity of the rails than can be said of other departments of the list. Leaving aside the possibilities of consolidations we have the group as a whole selling at very little above ten times earnings, the yields are generally substantially above those to be found in the industrial group and above all Is the fact that the profit, marking has been steadily increasing with the corresponding drop in expenses, indicating steadily increasing operation efficiency, which has resulted in the plowing back of earnings to surplus account. We do not wish to create the impression that, we have changed my long range views of the industrial shares. We do believe, however, that the industrials are in a more vulnerable position than the rails and they will probably be more sensitive to any adverse conditions, such as the firming up of money rates, which is a possibility during the current week. We are somewhat concerned over the failure of the call rate to decline, but so long as it is maintained at or below 9 per cent we would regard it as confirmation that banking sources consider the market future as sound. SIX INJURED WHEN AUTO HITS ABANDONED HOUSE Northwestern University students Are Hurt In Freak Accident, Bv United Free* EVANSTON, 111.. July la.—Bernard Donnelley. 21. was near death in a hospital here today and five companions, all believed to be students at Northwestern university, were suffering from lesser injuries as the result of a freak accident to the automobile in which the young people were riding. In making a sharp turn on a road just outside the city it shot down a thirty-foot embankment to crash into an abandoned house. Donnelley and L. C. Miller. 21, who received severe cuts on the head and body, are residents of Toledo. O. George Drew, driver of the car. and three young women in the party were not dangerously hurt. OPERATE ON WOOLLEN Condition of Bank President Is Favorable. Condition of Evans Woollen. Fletcher Savings and Trust Company president, who underwent a minor operation today at Long Hospital. was reported favorable this afternoon.

Indianapolis Stocks

—July 15— Bid. AikAmerican Central L Ins C0....80U ... Belt. R R & Yds Cos com 64 68’2 Beit R R & Yds Cos pfd 56 ... Centra! Ind Power Cos pfd... 93’2 98 Circle Theater 108 Cities Serv Cos com 31'/* ... Cities Serv Cos pld 9®% ... Citizens Gas Cos com 32 ... Citizens Gas Cos pfd 96 ... Commonwealth L Cos pfd 100 ... Equitable Sec Cos com 4o ... Hook Drug Cos com 42’, ... HorufT Shoe Corp com 16% ... Ind Hotel Cos Clavpool c0m.... 125 Ind Hotel Cos pfd 100 Ind Serv Corp pfd 84 ... Indpls Ga; Cos com 58’ 2 81 ’2 Indpis & Northwtn Tr Cos pfd. 5 Indpls P & L pfd 101 103 Indpls Pu W'el L Asn com... 51 .. Indpls St R R Cos pfd 25 29 Indpls Wa Cos pfd 99 Inter Pub Ser pr li pfd 102 105 Inter Pub Ser pr 11 pfd 105 105 Merchants Pub Util Cos pfd. .101 ... Metro Loan Cos 100 ... Northern Ind Pub S G pfd 7s. . 106 , ... Northern Ind Pub S C pfd 6s 96 101 Prog Laundrv Cos com 47% 51 E Rauh tz Sons Fert Cos pfd... 50 Real Silk Hosiery Cos pfd 98 ... Standard Oil of Inc 56 ... T H Indpls & Tr Cos pfd.... 5 T H Trac Az L Cos pfd ... Union Trac Cos com .. Vi Union Trac Cc Ist pfd 1 Union Trac Cos 2nd pfd Vi Union Title Cos com 50 V Camp Prod Cos Ist pfd.... 97 100 V Camp Prod Cos pfd 92 —BondsBid. Ask. Belt R & S Y Cos 4s 85 Broad Ripple Trac Cos 55...... 65 Cent Ind Gas Cos 5s 98 ... Central Ind Power Cos 6s 98 ... Chi S B fz N Ind Ry Ist 5s Citizens Gas Cos 5s 98 Citizens Street Railroad 5s .. 70 Gary St Rv Ist 5s 80 85 Home T Az I of Ft. Wayne 65.101% ... Indiana Hotel Cos 5s 100 Ind Northern Trac Cos 5s 4 5% Ind Railway & Light Cos 5s ... 97 Indiana Service Corp 5s Indpls Power and Light Cos.. 97 99 Indiana Union Trac Cos 5s ... 4 Indpls Col & Trac 5s 98 100 Indianapolis Gas Cos 5s 93 ... Indpls Az Martinsville T Cos 5s 15 ... Indpls No Trac Cos 5s 9 ... Indpls <k N W Trac Cos 55... 15 Ir.dpls Street Ry 4s 53 56 Indpls Trac & Terminal Cos 6s. 93Vi 95 Indpls U Ry 5s J 1965 A B 101 Indpls Water Cos sVis 1953...100 Indpls Water Cos sVis 1954..100 ... tndpls Water Cos lien & ref ss. 93’i ... Indpls Water Cos 4%s 92 95Vi Indpls W'ater Works Sec Cos.. 35 Inudpls Water Cos 4Vis 93 95% Interstate Public Service Cos 5s 95 ... Interstate Pub Serv Cos B 6Vi5.103 No Ind Pub Service Cos 5s 97 No Ind Telegh Cos 6s 1931.... 98 99Vi T H <fc E Trac Cos 5s 50 ... T H Trac and Light Cos 55.... 91 ... Union Trac of Ind Cos 6s 10 ...

RETIRED POLICE VETERAN DIES Charles F. Dawson Served 37 Years. Charles F. Dawson. 71, retired policeman, died at his home, 1132 Tecumseh street, early today following a year’s illness. Mr. Dawson served thirty-seven years in the Indianapolis police department. having been appointed in March. 1884. He filled various posts in the police and detective divisions being made captain twice. He resigned in 1920. Mr. Dawson was a member of the old metropolitan force before the present city charter was granted. He was bom at Southport and lived in the vicinity of Indianapolis all his life. The widow and a son. Captain Mark Dawson of the Eleventh field artillery, Scofiled barracks. Hawaii, survive. I I i

On Commission Row

FRUITS Apples—Barrel, choice, $2'q2.25: Harvest, $2.50(43; new- Transparent Icj - , $3.50® 4. Apricots—s2.7s(43. Cherries—California, $3.25. Grapes—Argentina. $6. Lemons —California, a crate, sß.so'g>lo. Limes—Jamaica 100 by- count, S3. Oranges—California Valencia. $3.75@7. Peaches—HUey Belles, per bushel. $43 4.50. Straw berries —Home grown. 24-ptnt crate, $4 -(4.50; Michigan 16 qt. crate, $1.75@3. Raspberries—lndiana. 24-pint crate, $3.50; red. $4; black. $3. Plums—s2.7s. Vegetables Artichokes—sl.so a dozen. Asparagus—Home grown, 65c(fl$l a doz. Beans —Green, stringless. $3.50. Beets—Home grown, doz., 40c. Carrots—Home grown, doz., 50c. Cabbage—s3.2s bushel. Cantaioupes—Jumbo, crate. $43,4.50. Ponv. crate. $3.75; Flats, $2. Cauliflower—Home grown, bu„ $2. Eggplant—sl.so3 2 a dozen; 52Q2.25 a hamper. Parsnips—sl.2s a bushel. Radishes —Button hothouse doz. hunches, 50c; southern long red, 15<225c doz. Spinach—Home grown, sl. Turnips—slfa:l.2s a bushel. Tomatoes—Hothouse. 10 lb. basket, $1.50 61.75. Kale—Spring, a bushel, sl. Celery—California, per crate, sl2. Lettuce—California Iceberg. $5 crate; home-grown leaf, a bushel. 85c. Onions—Texas yellow crate, $2.25. Corn—Fancv Texas, per bushel, $2.75(53. Cucumbers—Hothouse, per dozen, $1.25. a hamper. Mustard—Per bu., sl. Rhubard—3o(d3sc a doz. Coconuts—ss.so a bag of 100. Sweet Potatoes—Porto Ricans, per hamper. $2.50® 2.65: new sweets. $3 hamper. Shallots—3s 5 40c a bunch. Potatoes —Michigan round whites. 150 lbs. $1.755.-2; Idaho. $2.50 a bag; Coblers. barrel. $5 f 5.25: Louisiana, new. $3.7534. Parsley—Home grown, dozen bunches, 45c Peas —Home grown. $3 bushel. Peppers—Florida, a crate. s3®s; Louisiana. a hamper. $2 5 2.25. Watermelons—Florida. 75c each. NICHOLSON INDORSES HOSPITAL FUND DRIVE Councilman-Author Backs 5300.000 Indiana Christian Campaign, Indorsement of the 5300.000 drive of the Indiana Christian hospital was given today by Meredith Nicholson. councilman-author, in a letter to Robert L. Moorhead, general campaign chairman. Nicholson’s letter in part: ‘ Indianapolis is underhospitalized. There is imperative demand for a hospital, such as I understand this institution is to be—generous in its attitude toward the sick, with its facilities truly within reach of all Sorts and conditions of men. “A city's greatness is best measured by its humanitarian spirit. I sincerely hope that you may realize in the fullest your purpose to give Indianapolis another house of healing' of the first rank." Moorhead said 10.279 patients had been treated in the last four years. RIVER FROLIC PLANNED Mercator Club to Hold Outing in Ohio. July 21. Indianapolis Mercator Club will hold a river frolic on the Ohio. July 21. Ralph Daugherty, picnic chairman. announced today. A special Big Four train will carry the party to Fem Bank, near Cincinnati. where a river steamer will be boarded. Louisville, Cincinnati and Dayton <OJ clubs will join in the all-day celebration. The train will leave Indianapolis at 8:30 a. m. Sunday and return at 9:30 p. m.

DAMAGE SCARE BOOSTS WHEAT TO NEW HIGH Wheat Rises About 8 Cents: Corn and Oats Also Advance. By 1 uitrd Press CHICAGO. July 15. —Sharp advances at all world wheat markets, with Winnipeg leading the way bn a 11S-cent spurt, signified the seriousness of the crop situation in Canada and the American northwest today. Chicago prices went to new highs for the September and December deliveries at the close of a wild session on the Board of Trade, the buying orders from the morning's profit-takers causing the extreme bulge to come at the finish. Corn and oats profited with wheat, the rather bullish corn news getting no attention. At the close u'heat was 7%c to BTsc8 T sc higher, com was up 3 ! ?c to 4 T /sC, and oats were l%c to 2%c higher. Provisions were dull and weak. Wheat started with general buying, which pushed prices as much as 2%c higher on the strong cables and action was tremendous during the first hour of the session. Reports on the condition of spring wheat in the prairie provinces of Canada and our northwest showed deterioration still going on. and, as Australia and Argentina have added their drought complaints, the trade everywhere is enveloped by the worst crop damage scare in recent years. Liverpool closed from 6%c to 6 s 4c higher, and at noon Buenos Aires was 6 l i c higher. Floods in central and eastern Kansas still retarded the movement of new wheat. Cash prices were lc to 5c higher. Receipts were 121 cars. Trading in corn broadened out considerably under the influence of wheat, but in spite of good advances did not have a very confident tone. Weather the past week has been favorable for advancing the backward crop. Cash prices were % to 2 cents higher. Receipts were 146 cars. Estimates on the 1929 oats crop are materially under last, year, so that the coarse grain ia affected by about the same factors as wheat. Cash prices were % to 2 cents higher. Receipts were fifty-six cars.

Chicago Grain Table —July 15WHEAT— ” Prev. High. Lov\ 12:00 close. Julv 1.34% 1.31 1.33% 1.29 Seotember ... 1.39 1.36 1.38% 1.34% December .... 1.45 1.41 1.44% 1.40 CORN— July 97% .96 .97% .95% September ... 1.00% .99% 1.00% .98% December ... .95% .94% .95 .93% OATS— July 48 .47% .47% .46% September .. .48% .47% .SB% .17% December ... .51% .50% .51% .50% RYE— July 1.00% September .. 1.09% 1.07% 1.06% 1.05 December ... 1.15 1.13 1.15 1.10 LARD— July 12.30 September .. 12.60 12.47 12.47 12.57 October ... 12.70 12.85 12.65 12.70 December ... 12.77 12.72 12.72 1.2.80 RIBS— July 13.25 September .... 13.65 Pji Times Special CHICAGO. July 15.—Carlots: Wheat. 73; corn. 347: oats, 41, and rye. 1.

Produce Markets

Butter (wholesale)—No. I, 47@48c; No. 2. 44&46c. Butterfat—Lb.. 46®47c. Cheese (wholesale seiiing price per pound i—American loaf, 38c; pimento loaf. 40c: Wisconsin flat, 29c: prime cream, 37c; Daisy. 25c; Longhorn. 25c; New York 11mberger. 30c. Eggs—Buying prices; Fresh delivered at Indianapolis, loss oft No. 1. 28c; No. 2. 23c. Poultry (buying prices)—Fowls. 23c; Leghorns hens. i&c;. broilers full feathered, 28o; broilers bare back. 23c; Leghorns. 23c; old roosters, large 15c; small 10@13c: ducks, 12@14c; spring guineas. 30c; turkeys. No. 1 young toms, 12 ibs. and up. 35®.38c: No. 1 young hens. 25c a lb.; No. 1 told toms. 22(g,25c; No. 2 old hens, 25(gi 30c a lb. By United Press CHICAGO. July 15.—Eggs—Market, firm: receipts, 18,091 cases; extra firsts. 32c: firsts. 31® 31 tic; ordinaries. 28® 30c; seconds 25®27c. Butter—Market, easier; receipts. 13.388 tubs: extras. 40%c; extra firsts. 39®.39%c; firsts. 38®38%c; seconds, 37®37%c; standards. 40%c. Poultry—Market. steady; receipts. 2 cars; fowls, 18%® 28c; springeis, 28%®34c: Leghorns, 25c; ducks. 23c; geese. 15c; turkevs, 20® 30c; roosters. 20c: broilers, 29® 32c. CheeseTwins. 21c: Young Americas, 22c. Potatoes —On track 265; arrivals 249; in transit, 867: market, slightly easier: Kansas Irish Cobblers sacked. 3® 3.10; Virginia barrels. $5 ®6; southern sacked Bliss Triumphs. *3.40.

Local Wagon Wheat

City grain elevators are paying $1.14 for old crop No. 2 red wheat and $1.09 for old crop No. 2 hard. DUVALL COUNSEL TO ASK FOR REHEARING Former Mayor Must Start 30-Day Term If Appeal Is Denied. Counsel for John L. Duvall, former Republican mayor, will file a petition for a rehearing of facts in his case before July 28, the expiration of the period for filing a motion. Attorney Michael Ryan declared today. The Indiana appellate court affirmed the conviction of Duvall on a charge of violation of the corrupt practices act in connection with his election in 1926. Duvall was fined SI,OOO and given a thirty-day sentence. Ryan said the petition will seek rehearing of several questions in the case. Unless the high caurt grants Duvall a rehearing the former mayor will have to begin serving the jail sentence. July 28. NEGRO HELD IN MURDER: JEALOUSY IS BLAMED Charged With Firing Three Shots at Alleged Rival. Jesse Brown. 45. Negro. 331 Blake street, today was under arrest charged with the murder Saturdaynight of Neolis Martin. 37, Negro, in his home at 7’5 West Tenth street. Brown is alleged to have fired three shots through the back door of Martin’s home. Martin died instantly. Witnesses told police Brown thought Martin was with Mrs. Brown.

THE INDIANAPOLIS TIMES

New York Stocks ““(By Thomson & McKinnon," '

—July 15— Prev. Railroad?— High. Low. 12:00. close. Atchison 24’ 252 254% 252% Atl Coast Line,.2o2 200% 200% 200 Bait <fc Ohio 13? % 131% 131 ’ 130'a Canadian Pac ..249% 245 246 24B* 2 Chesa k Ohio.. .269 226 269 258 Chesa Corp .... 91 89% 89’- 8” Chi & N ’.Vest.. 96',„ 94% 94% 95 3 e Chi Gr; West.. 18% 17> ITS 16% C R I k P 142 139 V, 139% 138' a Del k Hudson.. .220', 218', 218', 216’, De! k Lacka 140', 139'2 139% 140 Erie 83'2 Si’s 82 31 Erie Ist pfd.... 64% 64 64 65’* Grt Nor 121’, 120' 2 120’, 121'* 111 Central 147 146’, 147 144’ 2 Lehigh Valley. . 96’* 95 95 94S Kan City South 98% 97’, 98% 97 Lou & Nash 149% 149% M K & T. 64 82% 62% 61’, Mo Pac pfd 144'2 143’, 143’, !43%l N Y Central ...232'2 228'2 230 229'2 N Y C & St L. .161 7 b 158% 158% 158’, NY NH & H.... 114 1 2 113% 113% 112% Nor Pacific 115’, 141’, 114% 114 Norfolk & West 257 250 O <%, W 27 25% 26% 25% Pennsylvania .. 95% 93’, 93% 94 P & W Va 43 Reading 1213a 1193* 120 117 Southern Ry 155% 155'* 155'a 153 Southern Pac ..144% 144’, 144’, 142 St Paul 37'a 36’e 37'* 36’* St Paul pfd 57’a 56’e 56’, 56 St Lk S W 101% 98“a 101’* 98% St L k S P 133 130’a 130’a 129’* Texas & Pac 173'/; 169'; 173% ... Union Pacific . .271 263 270’, 265 West Maryland. 48% 47'; 47’ 8 47 Wabash 75 3 4 75 75 72 Rubbers— Ajax 54* s'i 5% 5% Fisk 9 B’. B’, 9 Goodrich BIV2 79% 79'., 79'* Goodyear 121’, 120', 121’, 122'-Kelly-Spgfld 15 14’ e ... 15 Lee ... ... 15 United States 52 51'* 51’* 52 Equipments— Am Car & Fdy... 102 ’? 101 1 b 101’* 100% Am Locomotive 130% 129% 130 129’, Am Steel Fd 65'; *% Amer Brake S.. 57 56 J 6 37 General Elec ... .347340'- 34.'.% , Gen Ry Signal..llß% 116 114 118'* Gen Tank 94% 93% 94’* 93 N Y Air Brake.. 44 43*4 43% 44% Pressed Stt Car ... 18'? 18''2 Pullman 88 871* 87’, 36’, Westingh Air B 5049’* 49 49% Westing Elec .. 1963-2 193 194 195 1 Steels— Bethlehem 118% 116'c 116’.-. 118% Colorado Fuel .. 63’a 62’* 62% 65 Crucible 102% 102 102% 1053 b Gulf States Stl.. 68 67'; 58 16% Inland Steel .... 94 92 92 94 Otis 49'; 49 49 493? Rep Iron & Stl 111'/; 110% 1103- Ill’s Warren Fdy 19'- . 19% 19% 183; U 5 Steel 203 200 200 202’, Alloy 48'* 47’* 47’* 48', Youngstwn Steel 151% 1501* 151 151 Vanadium Corp.. 96% 94% 94'* 94'; Motors— Am Bosch Mag.. .. ... 56'- 56’* Briggs 36 35' * 35'a 35=* Chrysler Corp 72% 69', 69'- 713* Eaton Axle 63’* 62’* 62% 63'* Graham Paige .. 19’* 29 29 29% General Motors.. 713; 693* 70'V 71% Hudson 87 86% 86% 88 ’* Hupp 42% 42 42 45% Auburn ... 375 373 Mack Trucks ... 98% 97% 97’, 98’* Marmon 79% 78% 78% 80 Reo 22'* 21% 213? 22 Motor Wheel .... 44% 44% 44% 44% Nash 87'* 86% 86% 86 Packard 13? 130% 130% 131% Murray B 913* 90% 91 91 Pierce Arrow ... ... 34 Studebaker Cor.. 76 753* 75% 75’* Stew Warner .. 73 723* 72% 73 Elec S Battery.. 88% 87% 88 88 Timken Bear 105% 104% 104'/- 105% Willv-Overland.. 26V, 25'/, 25%. 28% Yellow Truck... 39% 38% 38% 38% White Motor ... 433* 43

Mining— Am Smtl & Rfg.loß% 105% 105% 106% Anaconda Cop .114 %0% 110% 113% Calumet & H 41 40% 40% 41 Andes 80% 49% 49% 50% Nev Cons 44 42% 43 44% Grariby 78% 76% 77% 77% Inspiration Cop. . 42 ; 42 42 42% Int Nickel 50% 49% 49% 50 Kennecott Cop.. 85% 83% 84% 85 Magma Cop ... 56’: 66 Miami Copper .. 41% 40% 40% 41% Texas Gulf Sul.. 72% 71% 72% 71% U S Smelt .... 54 53% 54 54% Oils— Atlantic Rfg 69% 68 68 68% Barnsdale 40% 4040 40 Frepeort-Texas... 46 45 45 46 Houston Oil ... ... 78 Indp Oil & Gas.. 34% 34% 34’ * 34% Cont Oil 33% 33% 33% 33% Mid-Cont Petrol 33 33 % Lago Oil & Tr 34% . Pan-Am Pet 8.. 60’s- 59% 59% 60% Phillips Petrol.. 36% 36% 36% 36% Prairie Oil 54’ 2 54 54 17 Union of Ca 1.... 73 72% 72% 47% Pure Oil 26% 26% 2> . 26% Prairie Pipe ... 68% 60% Shell 26% 26’J 26% 26 V, Richfield 41% 40% 41 '4 41% Sinclair Oil .... 36 35’? 35% 35% Skellc Oil 40% 4040% 40% Std Oil Cal 73 72’.- 72% 73% Std Oil N J 57% 57% 57% 57% Stl Oil N Y 39 38% 30 39 Texas Corp 62% 61% 61% 62% Transcontl 12 11% 11% 11% White Eagle 33% 33% Industrials— Adv Rumely 57 Alis Chalmers ... 276 Allied Chemical ... 335 340 Armour A 12% 12 12 12% Amer Can 167® 164% 165% 167 Am Roll Mill ... ... 132% Borg Warner. .. .122% 122 122 121% Am Safety Raz 66 Amer Ice 48% 48 48 47% Am Woolen ... 17 17% A M Bvers . . . . 142 Coco Cola 146% 414% 144% 146 Conti Can 81% 80’, 80% 81 V* Certainteed .... 26’- 26 26 26'Congoleum 24% 23% 23’® 23% Davison Chem.. 53% 520. 52% 53 Dupont 188 185 185 187 Famous Players 66% 66 66 66% Gen Asphalt .... 87% 86% 86% ... Fox A 94t 4 93% 93% 93% Link Belt ... ... 52% Glidden . 51% 58% Gold Dust 70 ’4 78 Vi 79 70 Lambert 153 151% 151% 181% Loews 58% 58 58% 59'4 Kolster 37% 36 36 35% Mont-gom Ward 125’® 121% 122’® 125 Natl C R, 127% 125 125 1726% Radio Keith .... 39 38 38 39 Owens 80tt1e.... 78% 78 78 Radio Corp .... 79 77% 78% 78% Real Silk 80 78% 79 80% Rem Rand 44% 42% 43 44% Sears Roebuck .171’® 171% 171% 174>4 Union Carbide ..127 123 125% 126% Univ Pipe 11% llVi 11% 12Vi Warner Bros 61% U S Cs Ir Pipe.... ... ... 31% U S Indus A lco . . 188% 186% 186% 189% Un Air Craft ...133% 131 132% 131% Wool’vorth Cos .. 92% 91% 91% 92% Utilities— Am Tel & Tel ..249% 247 248 250 Am F Power ... 119% Am Wat Wks ...136% 134% 134% 135 Brklyn-Manh T 61% 61 % Col G& E 89% 87% 88% 90Va Consol Gas 142 139% 139% 142% Elec Pow &Lt 79 % 78% Pub Serv N J 114% 111% 112% 114% Nor Am Cos 158% 153% 153% 154'% S Cal Edison ... 67% 65% 65% 67% United Gas 55% United Corp .... 68 65% 65% 67% Std Gas & EL..l3o’® 129% 130% 134% Utilities Power . 46% 45% 45% 43 West Union Te 1.221 218% 218% 222% Shipping— Am Inti Corp 73% Inti Mer M pfd 48 United Fruit 117 Foods— Am Sug Rfg 85% 84 84 85% Kroger 88 7 8 88 88 88 Beechnut Pkg .... ... 84 California Pkg . 79% 78% 78% 78 Corn Products ..106 105% 105% 106% CSba Cane Sug.. 11% 11% 11% 11% Cuban Am Sug.. 14% 14 14 Fleischmann Cos. 92% 91% 91% 91% Jewel Tea 80% Kraft Cheese ... 49% 49% Natl Biscuit 211% 210% 211% 211 Punta Alegre ... ... 17 Postum Cos 76% 75% 75% 77% Ward Baking B. 14% 13% 13% 14% Tobaccos— Am Sumatra 37 Am Tob B 182% 181% 181% 182% don Cigar ... 76 General Cigar .. 71 70% 71 71% Lig & Meyers 90 90 % Lorillard 24 s , 24% 24% 24% R J Reynolds 57 56% Tob Products B. 14% 14% 14% 14% United Cigar St. 16% 15% 15% 16% Schulte Ret Stre 24% 24% 24% 24% Grand Union c. 27% 26% 27 26 Grand Union pfd 48 45 47’,i ... MUSICIANS’ UNION TO SPONSOR CONCERT Fifty-Piee* Band to Play. Slack to Talk at Park Program, The Musicians' Union will sponsor a concert by a fifty-piece band Thursday night, July 25, in University park, to increase public interest in the concerts being given in city parks this summer. The program will be broadcast from station WFBM from 8 p. m.. when the concert will start, until 9 p. m. Mayor L. Ert slack will make a brief talk. Additional seats will be set up to take care of the large crowd expected. The Arndt Concert Band. Herman Arndt conducting, will gi’ e concerts in Camp Sullivan Wednesday night, July 17. and in University park Thursday night, July 18.

HOGS STEADY TO 5 CENTS UP IN_YARDS Sheep and Lambs Strong to Higher; Cattle Slow. July Bulk. Top. Receipts. 8. U.90%12 10 12.15 9.000 9. 11,65® 12.00 12.00 0,0,x> 10. 11.65 0 12.00 12.00 S.OOO 11. 11.65® 12.10 12.10 6.000 12. 11.65-6 12.40 12.40 7.500 113. 11.804' 12.30 12.30 6.000 15. 11.85® 12.35 12.35 6.000 Hogs opened steady to 5 cents higher in the local stockyards today. The bulk of 160-280 pounds brought around $11.85 to $12.35. Receipts were estimated at fi.ooo and holdovers from Saturdays market numbered 380. Cattle moved slow and the steer trade was extremely narrow. She stock sold 25 to 50 cents lower. Vealers opened steady and closed 50 cents to $1 higher, selling mostly $16.50 down. The top price paid was sl7. Sheep were strong to higher. Better grade of lambs brought 314 to $14.75. Throwouts sold at $9.50 to $12.50. The Chicago hog market opened fairly active on weights of 230 pounds and under. Choice 160-219 pounds sold at 512.25 to $12.40, or steady to strong with Saturday’s average. Receipts were 52.000, including 22.000 directs, and holdovers totaled 2.000. Cattle receipts were 17.000: sheep receipts were 15.000. Hog prices today were as follows: 250-350 pounds. $11.45 to $11.95; 200-250 pounds, $11.95 to $12.25: 160200 pounds. $12.35: 130-160 pounds, sl2 to $12.25: 90-130 pounds. $11.25 to $11.75, and packing sows $9.50 to $10.50. Cattle receipts were 550; calf receipts were 400: Beef steers. $11.90 to sl4: beef cows. $8 to $10.50: low cutters ana cutter rows. $6 to $7.50: vealers. sl6 to sl7: heavy calves, $7.50 to $12.50. and bulk stock and feeder steers $9 to $12.50. Sheep receipts were 1.000: Top fat lambs. $14.75: bulk fat lambs. $13.50 to $14.50: bulk cun lambs, $9.50 to sl2 .and bulk fat ewes. $4.50 to $6.50. —H"gs— Receipts. 6.000; market. 5c higher. 250-330 ’bs $11.454511.95 200-230 ibs 11.95(5.12.25 160-200 lbs 12.35 130-160 lbs 12.00 3 12.25 90-130 lbs 11.2545,1175 —Cattle— Receipts. 550; market. Irregular. B=st veals $11.9045 14.00 Bef cows B.oo® 10.50 Low cutter and cutter cows ... 6.00® 7.50 stock and feeder steers.. 9.00512.50 —Calves— Receipts, 400; market higher. Best veals $16.00(517.00 Heavy calves [email protected] —Sheep— Receipts. 1,000; market, steady. Top fat lambs $14.75^ Bulk fat lambs 13.50 3 14.50 Bulk cull lambs 9.50® 12.00 Bulk fat ewes 4.50®. 6.50

Other Livestock Bv United Pres CHICAGO. July 15.—Hogs—Receipts, 52.900: including 25.000 directs, stead*' to 10c higher on hogs under 220 lbs., weightier kinds mostly steady; top, $12.30 for 180-200 lbs.: choice. 260-290-lb. averages. $11.63® 11.90: butchers, medium to choice. 250-350 lb?., $11.25®. 12; 200-250 lbs.. $11.65® 12.50; 160-280 lbs.. $11.85®. 12.50; 130-160 lbs., 511.25® 12.40; packing sows. [email protected]: pigs, medium to choice, 90-130 lbs.. $10.75® 12- Cattle—Receipts, 17.000: calves. 3,000; better grade steers strong, top $16.50; better trade on light yearlings, but very slow on in between grade steers; salughter classes, steers, good and choice. 1300-1500 lbs.. sl4 50® 16.40; 1100-1300 lbs.. $13.750716.10: 950-1100 lbs.. $13.25® 16.25: common and medium. 850 Ibs. up. $9.75® 13.25: fed yearlings, good and choice. 750-950 lbs.. $13®;16; heifers, good and choice. 850 lbs. down. $12.75® 15.25: common and medium. [email protected]; c,ows, good and choice, $8.75®12; common and medium. $7.50®8.75; low cutter and cutters. s6® 7.50: bulls, good and choice, beef. $10.25®11.<5; cutter to medium. sß®j 10.35: vealers. milk-fed., good and choice, $14®17; medium. $12.50(514; cull and common. $8®12,50: stocker and feeder steers, good and choice, all weights. $12.25®.15.50; common and medium. $9.50® 12.25. Sheep —Receipts. 15.000; early lambs sales mostly 25c lower; natives', $14.25 to mostly $14.50; top. sls: sheep, steady: fat ewes, $5.50® 6.50: top, $6.75; feeding lambs, quotable steady: lambs, good and choice. 92 lbs. down. $14.25®. 15.15; medium. $12.50 @14.50: cull and common. $10.75® 12.50; ewes, medium to choice. 150 lbs. down, $5.50® 6.75; cull and common, $2.50® 5.50; feeder lambs, good and choice, $12.50®; 13.75. By Times Special LOUISVILLE, July 15.—Hogs—Receipts. 1.200: market, ateady; mediums and lights, 130 to 300 lbs.. $11.35® 12.20: extreme heavies. 300 lbs. up. $11.70; pigs. 130 lbs. down. $8.109r 9.35; stags and throwouts, [email protected]. Cattle—Receipts. 1,300; market slow. 25a 50c lower; prime heavy steers, $12®.13.50: heavy shipping steers, sll® 12. medium ana plain steers, $9.50®. 11; fat heifers. $8.50(15,13; good to choice cows, $8®9.50; medium to good cows, $6.50@8; cutters. s6® 6.50: canners. ss® 5.50; bulls, $7.50®9.75: feeders. $9.50(5,11.50; Stockers. sß®. 10. Calves—Receipts, 1.100; market, steady: fancy calves, sl4: good to choice. $12.50® 13.50: medium to good. $11.50®. 12.50: outs. $10.50 down. Sheep—Receipts, 3.200: market, steady: ewes and wethers, $13.75; seconds. sß®9: buck lambs. 512.75; sheen, $4.50® 5.50. Saturday's and Sundays 7 shipments—Cattle, 72; calves, 467: hogs. 427; sheep, 1,669. By United Press FT. WAYNE. Ind.. July 15.—CattleReceipts. 75: calves. 50: bogs. 300; sheep. 50; market, steady to 10c higher; 90-120 lbs.. $11; 120-140 lbs.. $11.50; 140-160 lbs.. $11.85: 160-180 lbs.. $12.10; 180-200 lbs., $12.25: 200-220 Ibs.. $12.10; 220-260 lbs., $11.90: 260-300 lbs.. $11.60: stags, $7.50; calves. $15.50: lambs. $13.50.

WILD WEST SHOW IS HELD UP BY COURT Buck Jones Detained at Danville, 111., by Suits. The Buck Jones wild west show, which was to have given two performances at the Pennsylvania Athletic park here today has been detained indefinitely at Danville, Illawaiting court action on mortgages which Los Angeles and Kansas City holders seek to foreclose, United Press dispatches said. Deputy sheriffs guarded the twenty-five cars belonging to the show which was enjoined from moving its effects Saturday night. The mortgages are held by the Dell Holdum corporation of Los Angeles, and the Baker-Lockwood Company of Kansas City. Mo. The former company's mortgage is for $15,000. The Kansas City company claims, according to dispatches, that Jones has failed to keep up payments on a luxurious sleeping car he had constructed for his family. Dispatches gave no indication when the show may appear in Indianapolis. Legion Members Picnic Members and friends of the John Holliday post of the American Legion held their annual picnic Saturday at Forest park, in Nobelesville.

Business ami Finance

An event of the week of more than ordinary interest was the government's report on the prospective wheat crop. The figures were not wholly in line with expectations, and some surprise was manifested over the lowering of the estimate ol the, year's yield to 834.000.003 bushels. That total which may be increased or reduced by subsequent weather conditions, is 68.000.000 bushels below the calculation made a year ago. The largest decrease was in winter wheat, the probable harvest of which was placed at 582.000.000 bushels. That is a failing off of 40.000.000 bushels from the forecast on June 1. although being somewhat above last year's actual production. Preceding the official report on wheat, the government issued its estimate on cotton acreage, showing one of the largest plantings ever recorded. A sharp increase in banking suspensions in the United Static, due mainly to larger figur“s for the central west is shown lor the second auarter of this year, compared with the returns for tb? corresponding period of 1928. As reported to R. G. Dvnn Cos., such suspensions for the coun.ry. as a .hole, numbered 148 during the three months recently ended, with liabilities of $54,457.541. 'as against 92. involving .*.28.952.552. in the second quarter ol :asi -car. Numerically, the most adverse showing, was made bv the -entral >estern section, with a total of 12 suspensions for 626.293.257 and 67 were included for Nebraska, with an indebtedness oi $19,086,000. Further evidence of the unusual situation in Ibe steel industry comes to hand each week. Around mid-July, a distinct let-down in mil! operations would be a natural deiclopment, yet The Iron Age makes the statement non that schedule.through July and poss'bh ti'n August will he maintained at lose tc maximum capacity. Some districts report smaller busing.' but Chicago sales are said to have heen the largest for any week this year. Drugs and cosmetics corporations, from current indication*, tooula enjoy a continuation of moderate increases in both sales and earnings for the lull year. 1929. according to the current survey of the Standard Statistics company oi New York. Sales and earnines oi these firms ha-c for a number of years been characterized bv stead' and consistent increases, ana a group oi representative concerns finished 1928 with an average earning- increase ot approximately 30 per cent c/er the preceding year.

NEW YORK. July 15. Anew record high price for a membership on the .Sew fork Curb Exchange was established today. with arrangements for ibe transfer of a membership for $195,000. an increase of $22,000 over the last previou - sale and comparing with the previous record high price of $190,000. Class I railroads in May had a net railway operating income ot $103,616,046, which. ior that month, was at the annual rate of return of 5.81 per cent on their property investment, according to reports just filed by tne carriers with the bureau ol railwav economics. In May. 1928, their net railway operating income was $88,221.i)66. or 5.02 per cent on their property investment. Recent developments not only hve impro"ea immediate conditions va me dry goods trade, but have brightened prospects ior the autumn. Many nne* of summer merchandise nave sole freely under the stimulus oi hlgn temperatures over a wide arear. with an accompanying betterment in stock conditions in the stores. Hence, both wholesalers ana primary interests are undertaking preparations ior a new season with more confidence, the evidence oi a large sustained public purchasing poser giving encouragement. vTcot js at nana ot sales oi cotton goods for the halt year .n excess ot those for the same period of 1928, and in some instances new nigh record were atttained. Bu United Press WASHINGTON. July 15.—Permission to relocate its tracks to make possible the carrying out of a grads separation program in South Bend. Jnd, was sought irom the interstate commerce commission by the Grand Trunk Western railroad. The application asked authority to abondon its division street track and to construct a one-mile line from Greenlawn avenue to High Greet, where it would connect with (he New York Central tracks, over which ths Grand Trunk asked authority to operate to Arnold street and into the Union terminal. A.ccordine tn a statement "ust issued bv John McArdle, vice-president and general SENTENCE SIGN MEN Two Get Jail Fines for Darning Boards, Harry Itskin, 43. of 40 Jackson place, anti Frank Tieben, 34. of 304! North Delaware street, recently convicted of malicious trespass for alleged depredations on a number of signboards early In June, today were .■sentenced by Criminal Judge James A. Collins. Each was fined SIBO and costs and sentenced to thirty days in county prison. They were accused of having thrown electric light bulbs filled with lamp black and oil against twelve signboards owned by the General Outdoor Advertising Company, by which they formerly were employed. More than seventy signboards were alleged to have been damaged by other participants in the labor differences. J. W. Joseph, attorney for the advertising concern said his firm would not ask clemency for the men. because they refused to name others implicated in $712 damage to the boards.

SONS WILLED ESTATE OF FORMER CITY MAN Two Youth's to Share Property of James Murdoek of New York. The will of -James G. Murdock. 36, member of a prominent Indianapolis family, who died Tuesday, filed for probate in Marion county, leaves an estate of several hundred thousand dollars to his two sons, John Benjamin and James J. Murdock of New York. Indiana Trust Company was named executor. The sons share equally the income of the estate until their thirtieth bithdays when : they are to receive their shares. Mr. Murdock lived in Indianapolis from 1914 to 1924. He was visitj ing at the home of his brother. A. j Gordon Murdock, 4041 North Mej ridian street, at the time of his j death. He maintained homes at I Great Neck, Long Island. N. Y., and Billings. Mont. FINED SSO FOR EYE Promises to Pay 5237 Damages in Assault Case. Alexander King. Holt and Morris streets, who pleaded guilty in criminal court to striking L. F. Paetzel, 719 North Illinois street, and breaking his glasses, causing the loss of the left eye. when Paetzel attempted to act as peacemaker in a fight on North Illinois street last March, today was fined SSO and costs by Judge James A. Collins, and placed under suspended sentence of ninety days on the state farm. King’s sentence was suspended when he promised to pay $237.55 damages to Paetzel for medical expenses.

manager, the net earning* of the Jordan Motor Car Company for the first half of the ••ecr total $151.138 86. During the same period last year tn" company lost $473,372.61. Net earning* 'or June, after all c.iarge* except federal taxes. amounted to ‘31,034.28 as against a loss of $52.796.9, in the same month last. ear. The Jordan company now snows a profit surplus of 61.278.794.45. ' savs MeArdie. which compares with a profit and loss deficit on Januarv this ear of $?.- 053.088.37. By United Press NEW YORK. Julv 15.—Paramount Famous lasky Corporation tods' announced that it has acquired, as of_ Ju,v 1. through exchange of stock the Northwest Theaters. Inc., operating theaters tn Minnesota. North Dakota. South Dakota, and Wisconsin. The main office of the Northwest company is located in Minneapolis. It formerly was known as the Ruben and Einkeistein circuit. No price was announced in the sale, but Wall Street interests place the figure at -pproximately $10,000,000. li, S. EXPORTS BIT HIGH TOTAL Best June Trade Since 1920 * Is Reported. B>’ l titled p n , WASHINGTON. July 15.—Merchandise exports of the United States for June. 1929, totaled $397,000.000. the highest total for this particular month since 1920, the commerce department announced today. Imports for June. 1929, totaled $352,000,000. The total exports for the six months ended June, 1929. were $2,627,142,000. as compared with $2,377,989,000 ill 1928. Total imports for the six months ended June. 1929. were $2,284,945,000. as compared with $2,085,932,000 for the same period in 1928. Gold exports for June. 1929. totaled $550,000,000. as compared with $99,932,000 in the same months of 1928. Silver exports for June, 1929. totaled $5,441,000. as compared with $7,456,000 in the same month of 1928. Gold imports for June, 1929, totaled $30,762,000. as compared with $20,001,000 for the same month of 1928. Silver imports for June. 1929, totaled $5,022,000, as compared with $6,221,000 for the same month of 1928.

The City in Brief

A lecture on India, and world travel will be given by Mrs. F. S. Warner, former Indianapolis woman. Wednesday noon at the homeeconomics studio. 220 Century building. under the auspices of the women of the University Place Christian church. Mrs. Warner's travels have taken her to India, China, Japan and Africa. John Starkey, owner of a filling station at Thirtieth and Station streets, today reported $25 was stolen from the station Sunday night. About fifty members of the Kendall Dramatic Club attended the second annua] all-day picnic of the club at Claffey’s camp Sunday afternoon. Anson Bales. 15. of 53* North Tacoma avenue, received a sprained right wrist Sunday when he fell at Ellenberger swimming pool. St. Clair street and Ritter avenue. He was sent to city hospital. The picnic of Western Union Telegraph messenger boys and their families and friends, which was to have been held Sunday at Walnut grove, twenty miles south of Indianapolis. was postponed because of high water. Tire outing will be held next Sunday. Announcement was made today of the acceptance of Dan T. Glossbrenner of Oaklandon in the Fercheron Society of American by Secretary Ellis McFarland of Chicago. Glossbrenner is the thirteenth man from Marion county to become affiliated with the society. Jack Harding of the Harding Advertising Agency. Inland Bank bldg., will speak at the Universal Club luncheon Tuesday at the Columbia Club on ‘ Remarks On Humor.” John P. Couchman and L. R. Carson are in charge of the program. Tax Hike Closes 300 Saloons Bit l titled Prcxs MEXICO CITY. July 15.—Three hundred saloons in Vera Cruz are closing on account of increased taxation, according to dispatches to the capital from Vera Cruz.

VT 7 e Offer TAX EXEMPT Commonwealth Loan Cos. 7% Preferred Stock Price: Par, SIOO Per Share Forty-two years Without Loss to Any Investor Call. Write or Phone J. H. Aufderheide Established 1887 Third Floor, Guaranty Bldg. Riley 2469,

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New York Curb Association 300 Fletcher American Bank Bldg. Telephone Lincoln 55G1

JULY 15. 1929

DROP EXPECTED IN HOG SUPPLY FOR NEXT YEAR Current Holdings Reported Below Large Stocks of Last July, Fv, Times Special WASHINGTON. July 15.—Supplies of hogs for slaughter during the next twelve months are expected to be somewhat less than during the last year, but if farmers react as usual supplies may increase in the latter part of 1930. according to the hog outlook report issued today by the bureau of agricultural economics. United States department of agriculture. Current storage holdings are reported as smaller than the usually large stocks in July a year ago. and no marked changes in either domestic or forcicn demand is anticipated for the next eighteen months. If producers respond to the situation as they have to similar conditions in the past, the bureau says, an increase in hog production probably will occur in 1930. and a production in 1930 equal to that of 1928 probably would bring a price hich enough to result in about an average corn-hog ratio. "Hog prices," according to the report. "still are on the upward swine of the cycle which had its beginning in 1928. Prices throughout the year to date have been well above those prevailing during the corresponding period last year. Average Price Is 59.77

"The average price of hogs j slaughtered under federal inspection iin the seven months ended May, ! 1929. was $9.77. compared with $8.5 ’ 'for hogs salughtered in the sanw i period a year ago. Although early j last winter receded almost to the ! low levels of the winter of 1927-28, i prices started upward about midDecember and advanced more than |S3 a 100 pounds by the latter par. iof March. A slight recession from then until the end of May was followed by the usual summer rise which is now under way. "Last year ma;iy hogs which ordinarily would have been marketed in the summer were held over until fall, because of scarcity an<4 high price of corn. This resulted in marj ket supplies being smaller than .usual during July. August and the !first half of September, and relatively large from mid-September i until early December. ! This unusual distribution of supplies caused prices to advance rapidly during the first part of this period and then to decline in th fall earlier and more than usual. ; "Feed conditions and other factors favor a more normal distribui tion of market supplies during the remainder of the present crop year. jThe price rise now in progress i likely to continue over a longei period than it did last summer. Decline to Be Gradual “The price decline which comes in ; the late fall following the summer rise is expected to be more gradual ; and smaller than that which ocleurred last, fall since marketings are expected to be more normally dis--1 tributed. Prospective supply and de- ! mand conditions point to a higher average hog price for next winter and spring than the $9.77 of the past winter and spring. The spread in prices between the winter low and spring high will probably be less marked than a year earlier. "If hog producers react to the situation as they have responded to ! similar conditions in the past, they* ; probably will be an increase in farrowings next spring. This, | with prospective European increases ! will tend to start prices on the i downward swing of the cycle during i the latter part of 1930. "An increase in the spring pig [ crop in the corn belt states in 1930 I equivalent to the decrease of 4 per | cent in the spring crop of 1929 | would be in fair proportion to averi age corn production, and probably bring a price high enough to result in at, least an average ratio to the price of corn, but not high enough . to encourage any undue expansion I of production in areas outside of the j com belt." ; Rush-Fayette Group Plan Reunion | The thirty-first annual reunion ! of the Rush-Fayette County AssociaI tion will be held in the Brooksiae ] park shelter house Sunday. July 21. i Judge Raymond Springer, Connersj ville. will speak, and the North Side Choral Club will sing.