Indianapolis Times, Volume 41, Number 73, Indianapolis, Marion County, 5 August 1929 — Page 14

PAGE 14

FRANTIC BEARS TRY TO DRIVE STOCKS DOWN Individaul Stocks Forced Lower, Many Under Previous Close.

Average Stock Prices

Averse- of twenty industrinlg Monday Ml 355 <2. up 3.54. Avoraßf of twenty rail* w **175.46. up .60. Average Os forty bonds was 92,86. up .06. Hi/ 1 pit rd Press NEW YORK. Auk. s.—Desperate bear operators using the old-fash-ioned rumor tactics that included a story that Andrew Mellon would resign as secretary of the treasury succeeded in dislodging a considerable amount of selling today on the Stock Exchange. Stock after stock was singled out for a decline, and some of the best on the board were forced under Saturday closing levels. The losers included such issues as American Telephone and Telegraph, United States Steel, New York Central, Atchison. American Can, Radio Corporation and Bethlehem Steel. Genera! Electric dropped nine points. On the curb market terrific pressure was exerted against Middle West Utilities, which lost 38 points, and Insull Utilities off about 20 points from the previous close. Utilities Uncertain Utilities on the big board moved forward for a time and then turned irregular. Several made new highs, notably the Pacific coast group, where rumors of merger helped the stocks. Consolidated Gas led the eastern issues with a rise to anew high ground. Westinghouse Electric soared to a record high above 239, compared with its previous close of 229'i, but General Electric was sold heavily. The opening showed generally higher prices with many at new highs. Later when call money renewed at 10 per cent profit-taking became heavier until around noon Bears were assuming control. Then followed a rally under the lead of coppers and utilities which in turn were succeeded by another reaction that embraced nearly every section of the list. Late in the day the call rate was marked up to 12 per cent due to heavy withdrawals as checks for month-end payments were being returned for settlement. Just before the rise to 12 per cent. Steel common dropped below 212 and New York Central dropped to 236. Discredit Rumor Revival of the Mellon rumor was sufficient scare to cause many to unload stocks. Along with the report was a story that Dwight Morrow, ambassador to Mexico, would succeed Mellon. Government officials and Pittsburg financial interest close to Mellon discredited the reports. Despite the denials, these stories were responsible for considerable profit-taking that gained force on high call money. As the selling took on large proportions trading became extremely heavy and tickers were running behind the actual market. On the curb tickers for a time were a half hour late.

INTERNATIONAL TAPER COMPANY New York, luly 10th. 1929 The Btrard of Directors have declared m nuarterly dividend of sixty (60c) cents* sharv, on the common stock of this company, payable August 15th, 1929, to Common Stockholders of record, at the close of business August Ist, IO2T Checks to be mailed. Transfer books will not close. Owen Sheehesp, Fi ee-Frgj and 1 rtma. INTERNATIONAL PAPER and POWER COMPANY Boston, July 10th, 1929 The Board of Directors have declared a nuarterly dividend of sixty (60c) cents a snare, on the Class A Common Stock of this company, payable August 15th, ' to Class A Common Stockholders of record, at the close of business August Ist. 1929. Checks to be mailed. Transfer books will not close. R G. Lapp, Asj’t Trtaturw

MONEY TO LOAN -03MORTGAGES STATE LIFE Insurance Cos. US STATE LIFE BLDG

4% Paid on Savings Aetna Trust & Savings Cos. 23 N. Pennsylvania St.

Thomson & McKinnon INDIANAPOLIS CHICAGO VTW TORK MEMBERS €• fork Stork Exchan*. Chi**o Sto.k Eithanr* Nnr Tark Cotton Exrhan*. Chlca*o Board of Trndr New York Curb Akoorlatloo 300 Fletch°r American B*nk bHg. Telephone Lincoln 5501

Banks and Exchange"

INDIANAPOLIS STATEMENT Indianapolis bank clearings Monday. Aug 5. 64.261.00 C: debits. 87.468,000. NEW YORK STATEMENT Hu tinted pn * NEW’ YORK. Aug. 5. Bank clearings. 6632 000.000: clearing house balance. 3136.000.000 fderal reserve bank credit balance. 8131.000.000. TREASURY STATEMENT Hu t'nitrd Pre a* WASHINGTON. Aug 5 Treasury nt balance Aug. 2 1158.307.273 37: customs receipts to that date. $4,511,365 65. FOREIGN EXCHANGE fiu t pited Pri * NEW YORK. Aug. 5 —Foreign exchange closed irregular. Demand sterling. $4.18 13-16. oft 00 1-16 c: francs, 3.91%c, oft .OO'kc; lira. 5.22 13-16 c: be'.ga 13.89%e. up .00'*e; marks. 23.82'-c. up .00%e.

On Commission Row

FRUITS nles— Choice. $24)2.25: new Transpar:v. $3,504; 4■ Harvest. $2.5063. Apricots—s2.7s4;, 3. Cherries—California. *4 seedless, $5 a crate Lemons—California, a crate. $14615. Limes—Jamaica, 100 by count, $3. Orange—California. Va'encia. $3.7545 8 Peaches—Hiley Belles, per bu„ $3; Elbert* peaches. $2.5063. Plums—s2.7s. Raspberries—Michigan, black. *3; red. $3.506 4. VEGETABLES Artichokes—sl.so a dozen. Asparagus—Home-grown, 65c®$l a doz. bunches. Beans—Green, stringless. $1.75@2. Beets—Home-grown, doz., 40c. Carrots—Home-grown, doz.. 50c. Cabbage—s 26 2.50 a bu. Cantaloupes—Jumbo. $4.25® 4.75; pony crate, $3 6 3.50: flats, $2. Cauliflower—Home-grown, bu.. *2; Washington, crate, $3.25. Corn—Fancy Texas, per bu.. $2.75: homegrown. 25c dozen. Celery—California, per crate. $4.25; a doz.. 66c. Cocoa nuts—ss.so a bag of 100. Cucumbers—Hothouse, per dozen, 81.25. Eggplant—sl,so6 2 a dozen; $26 2.25 a hamper. Kale—Spring, a Dushel. *l. Lettuce—California Iceberg, $8 a crate: home-grown, leaf, a bushel, 85c. Mustard—Per bushei, sl. Onions—Washingtons. $4 a bag. Parsley—Home-grown, dozen bunches. 15c. Peas—Home-grown. $4 a hamper. Peppers—Home grown. $2 a bu. Potatoes - Virginia Cobblers, $6 a barrel, Kentucky Cobblers 150 lb. bag. $5.25; Minnesota. $3.50 a bushel. Radishes—Button hothouse, dozen. 50c; Southern long red, 154; 25c dozen. Rhubarb—3o® 35c dozen. Sweet Potatoes —Alabamas, *1.75®2. Tomatoes Home-grown hothouse, 10-lb basket. $1.25;, home grown, $2 a bushel. 15 lb. basket. $1.25. Watermelons —Florida. 65c each.

Produce Markets

Butter (wholesale)—No. 1. 45@47c; No. 2. 23® 45c. Butterfat—Lb.. 43c. Cheese (wholesale tiing price per poundi American loaf. 35c; pimento loaf, 40c; Wisconsin firsts, 25c; prime cream, 37c; Daisy, 25c; Longhorn, 26c; New York iimberger, 30r. Eggs- Buying prices: Fresh delivered at Indianapolis, loss off. strictly fresh. 25 <u 30c. Poultry during prices;—Fowls. 27c; Leghot ns liens. 20c: Broilers full feathered. 28c; broiler:, bare back. 23c; Leghorns. 25c; old roosters, large 15c: small 10 @ 13c; ciucks. 16® 17c; spring guineas, 30c; turkevs. No. 1 young toms. 12 lbs. and up. 15c No. 1 young hens. 25c a lb.; No. 1 told toms, il'l 25c; No. 2 told hens. 25® 30c a lb Hu I'nitcd Prog CHICAGO, Aug. s.—Apples, 42 to *3.00 per bushel. V-a I nitcd Prcxg CHICAGO. Aug. s.—Egg steady; receipts. 12.792 cases: extra firsts. 31 ® 32'ic- firsts. 31 %c: ordinaries. 29®30%c: seconds, 25®26%c. Butter—Market, easier; receipts. 14.170 tubs; extras. 42%c; extrs firsts. 414142 c: first, 396@40%c: seconds. 37'- : >® 38%c: standards.* 42%c. Poultry— Market, steady; receipts, 5 cars: fowls, 28c; springers. 22® 29c: Leghorns. 25c; ducks, 18 ® 20c: geese (spring;. 22c; turkeys. 20® ( 30c; rooster:. 21c; broilers. 23® 27c. Cheese— Twins. 21' , ® 21' jC: Young Americas. 21*.c. Potatoes--Fair on track. 271; arrivals. 204; in transit. 23; Kansas and Missouri sacked Irish Cobblers. 52.25 W 2.50: Minnesota sacked. Early Ohio \ $2.50(3 2.60. No barrels. Births Girls Cort and Addie Pigg. 3021 McPherson. David and Ruth Soots. 1344 North Gale. George and Mary Bourne, 410 North Minkner. Beniamin and Fannie Blumberg. Coleman hospital. Daniel and Gertrud* Higgins. Coleman hospital. Edward and Jessie Thompson. Coleman hospital. Richard and Mae Hamilton. 512 Bell. Nelson and Cordelia Jones, 1716 Alvord. Noah ar.d Gladys Houdtn, 433 V.’est Sixteenth place. George and Florence Campbell. 911 South Maple. Tom and F.lirabeth Curry. 727 West Twenty-fifth. William and Mary Scott. 2226 West Tenth. Boss Fred and Ruth MkClure. 345 North E milion. „„ . Oliver and Let Rauch. 90s West Drive Woodruff. . Lawrence and Thersa May. 4232 Park. Paul and Crace Wvrick. 923 North Am* btTCft. Arnold and Maymie Mead. Co.eman hoi* pital. _ , , Robert and Irene Pierson. Coleman no.v Pi Joseph and Mary Zeunlck. Coleman hosP George and Sofa Burges. 1222 Shepard. Cecil and Nellie Corrie, 2321 West Wal"John and Minnie Wagner. 1727 Yandes. Carl and Pansy Garnet. 1030 Norm r Alhert n and Pearl Elliott. 2538 North Key°George and Laura Warfield, 933 North George and Laura Canada, 226 South N °Orcar and Fannie Poynfer, 105 Kansas. # Deaths Infant Huth. 10 mo:.. 1801 South Delaware. acute gattro enteritis. Joseph Boone, 63. 020 East \ermont, Berphardine Bremer. 77, 2249 Pierson. | C He’-man Jones 50. 1212 Muskingam. myo- ! H. Graham. 56. 3908 North Tem--1 pie. erysipelas. j Florence M. Kurtz. 47. 210 North Bevllle, ’ carcinoma. Mary E. Staggs. 63, 506 'Warren, carcinoma. _ , Gale Richard Peters. 30 min., 4306 East Tenth, atelectasis. Clyde R. Kerner. 13. 338 North Hamilton, pneumonia. _ Howard F. Stout. 63, 2939 Bellefontaine. cerebral hemorrhage. . Richard Thomas Sparks. 74, 1419 Ewing, myocarditis. Monico Volz. 91. 3919 Central, acute cardiac dilatation. Nellie M Harvey, 42. Central Indiana i hospital, epilepsy. Billie Fav Runner. 2 days. Riley hos- | pital. accidental.

DEDICATE NEW CHURCH All Work Done by Members of Congregat'on. The Vernon Christian church on Pendleton pike at Kitley avenue and Thirty-eighth street, built by members of the congregation was dedicated Sunday. The. Rev. W. A. Cauble. secretary of the Indiana Missionary Association for thirteen years, presided. The ground for the church was donated by the Washington Bank and Trust Company, which is developing Vernon Acres, where the church is located. The church was started in October. 1928, and services were conducted in a store room until June of this year.

INFLUENCE OF CASH SUPPLY LOWERS GRAIN Mixed Situation Created in Market as Reports Conflict. Bu t nit(d Pngs CHICAGO, Aug. s.—Wheat continued to lose ground at the opening today due to the enormous amount of cash grain flooding the market. Corn lost because of added reports of rain and cloudy weather over the belt Oats were lower with the major grains. Provisions were firm. At the opening wrteat was down L to 2'4 cents; corn was s s to 1% cents off. and oats was 31 to l l * cents lower. With crop news still bullish and cash grain bearish a decidedly mixed situation in the world's wheat situation has been created. Reports from Canada show that the crop is around half that of last year, or 200.000.000 to 240.000.000 bushels, compared to 508.000,000 bushels a year ago, and estimates of the world's crop are for a decrease of from 400.000.00 to around 600.000,000 bushels, as compared with last year. Liverpool and Winnipeg markets are closed today. More favorable weather for corn over the week-end and during the past week has changed the market situation in that grain radicallly. Though some rain is needed in Nebraska and Kansas, the eastern part of the belt has improved a great deal. Oats have weakened dut to the effect of the lower corn and wheat market. Chicago Grain Table - $Ug. 5 Rrev. WHEAT— High. Tow. I’t’O. Clow. SAtJt 1.43 1.37 1.33 1.41", Dec .. . 1 4RW 1.46 1.461* 1401, MaW 1.52% 1.50% 1.51 1.55 CORN Bent 1.W% "7', .00% 1,01 T>r ."5% ."$% .08 March 1.00 ."7 s :! .08 s * 1.00% OATS— Sent 4i' 67% R% .41*.* her 53 5 , .51*/* .ss'', .54% M" "eh 56 .55% .56 .57 RYE— Sent I.W %n% 1.10 1.11 v, Dec 1.16':- 1.155 s 1.16 1.17% LARD— Rent 11.11 1107 17. m n.0.5 Oct 12.30 17.25 17.75 17.70 Dec 12.32 12.30 R T BS— Sept. 13.50 Bu Timex Bitrriijl CHICAGO. Aba s.—Carlots: Wheat, 472: corn. 197; oat?. 116: rye. 2, and barley. 31. Bu T'nited Prrsx TOLEDO. 0.. Aug. s.Cash grain clow: Vhea.t. No. 2 -•'d. $1.3661.37. Corn—No. 2 relow. $1.056 1.0 Pre- No. 2. $1.14. Oats—No. 2 whit". 536 54c, p-Mey —Nn. 2. 69c. Clover—D"m"'tic old. sl6- October. $14.75- Im port re* old. $12.75. Timothy O’d. s".">: Dece-ohe- $2.35. Alsrke—New. $11.30; October. *l*so: December. $11.75. BnOer. Fggs—3l633c. Hay--81.25 cwt. %Bu Vniti’d Pits* TOLEDO. O, Aug. s.—Om*i- grain close: Wheat—No. 2 red. $1.3661.37. Corn —No. 2 fellow, $1.056 1.06. R-e No. 2. $1.14. Oats—No. 2 white. 536 s*o. Barter—No. 2, 6po. Clover — Domestic, old. $lO- October. $14.75: imported, old. $12.75. T'mo'brO’d, $2.50: December. $7.35, Alsike -New. $11.30: October. $11,50: December, $11.75. B-t*er—*44f 48c. Eggs—3l633c. Hay—--1 $1.25 cwt.

33 ARE VICTIMS OF ACCIDENTS DURING JULY Death T,it Greatest Monthly Toll Since October, 1928. Thirty-three persons, victims of speed 3nd carelessness, met their death in Indianapolis during: July, according to records in the office of Charles H. Keever. coroner. Survey of the fatality report by the Indianapolis Safety Council discloses July’s death list from accidents of all kinds is greater than any month since October of last year. Motor vehicles were responsible for eleven deaths. Public accidents, not involving motor vehicles, also claimed eleven lives. Ten were victims of home accidents. Industry took one life. Records show five drownings for the month, the number being twice as many as were recorded in the entire six months preceding. 167 DRIVERS ARRESTED FOR TRAFFIC VIOLATIONS Speed ng Charges Comprise Almost HaK of Offenses. Arrests for alleged traffic law violations brought 167 persons into police headquarters over the weekend, according to police records today. Police Chiel Claude M. Worley decalred st, ict enforcement of traffic laws and ordinances will be continued. Arrests were on the following charges: Speeding. 81; improper lights. 23. fa’lure to ‘top at preferential streets, 33: dri-big through safety zones. 2 and disobeying automatic traffic signals, 18. BLOCK ADDS 12 TRUCKS Department Store's Fleet I.argest in State. Twelve new motor trucks, ten Reo speed wagons and two Fsr*o3 were added to the delivery fleet of the William H. Block Company department store to ay. The Block fleet now Is the laregst operated by any dejyrtrrent store in the State. Bodies for the cars are all ot their design wp, worktd out in collaboration with Block company officials. FEMININE TEAR BOMBS Reformatory Head Prepares for “Foolishness of Women." Pu I h ’trrj J*r, M>t BEDFORD. N. Y.. Aug. 5.—A supply of tear gas bombs has been received at the state reformatory for women here “to make the inmates docile if they become foolish." Dr. Raymond F. C. Kieb. state commissioner of correction, said he ordered the bombs.

Local Wagon Wheat

Citv grxtn e'erators are paying *1.20 for No. 2 red wheat and $1.15 for No. 2 hard wheat.

THE INDIANAPOLTS TTMES

New York Stocks ’ ißv Thomson A McKinnon i

—Aug. 5 Railroads— P rev. High. Low. 11.30 close. Atchison 263' 260 260 262' Atl Coast Line.. . 199 Balt A Ohio .135’* 134 134 135$* Canadian Pac .228% 223% 225’i 2235* Chesa & Ohio.. .. ... ... 260 Chesa Crop 85 1 2 85 851* 85' Chi & N West.. 92% 91 91 91% Chi Grt West 1% Del & Hudson .221% 320 220 220% Del & Lacka.,.150% 149% 149% 149 s * Erie 84:* 831* 83 7/ * 84_ Erie Ist pfd .• • $2% Grt Nor 120 119',. 119% 121 lil Central 147% Lehigh Valley 92% Kan City South 104% 104% 104% 103% Lou & Nash ...145 145 145 ... M K & T 59 57 s * M% 59% Mo Pac pfd....104% 104% 104*'. 140 N Y Central 241 239% 239% 241% NYC&StL J 58% N Y N H & H . .115% 114% 114% 114% Nor Pacific 109% 107% 107% 108 a Norfolk & West 254 Pennsylvania . 96% 9554 9- 9>> Reading 120 V, 120 120_ 120Southern Ry ....153% 153’* 153% 153* Southern Pac ..142 142 142 143% St Paul 40% 40% , 40 s * 39-* St Paul pfd 60% 59% 59 s * 59% St L & S W... 102% 101 s * 101% 103 Union Pacific ..268 267 267 272% West Maryland. 46 s * 455* 46% 4a 2 Rubbers — Ajax 4% 4% 4% 4% Fisk 8 7 s * 8 _B_ Goodrich 76% 76 76% <Ji* Goodyear 121% 119*4 1195* 121 Kelly-Spgfld ... 12% 12% 12% 12% Lee . .. • • • , *A % United States.. 48% 48% 48’% 48% Equipments— Am Car & Fdy.,.100% 100% 100’, 100% Am Locomotive .129% 129% 129% 128/2 Am Steel Fd 65% 65% 65% 64% Am Brake Shoe.. 5954 58% 59% 58 General Elec ...394 387% 387 2 593 * Gen Ry Signal.. 119% 116% 118% HI,, Gen Tank 102% 99% 101 99 2 N Y Air Brake.. 44 43% 44 43 2 Pressed Stl Car 19 18 s , 18% 18% Pullman 88 $5% §G\* 87'a Westingh Air B 55% 54% j 5 * Westingh Elec ..239 231 s * 234% 232.2 Steels— Bethlehem 123% 122% 122% 123'% Colorado Fuel 69% 68 08% 68 Gulf States Stl 71 70% 70% <l% Inland Steel ... 94 Otis 47 ',2 47 47 4i% Rep Iron & St!.. 112 111 I}l% I}} 2 U S Steel .215% 212% 213% 214 Alloy 54% 53% a3% 04,2 Youngstown Stl 56 156 156 ... Vanadium Corp. 86% 86*/2 86% 86 Am Bosch Mag.. 60% 60 60 60 Briggs 35 34% 34 % 34% Chrysler Corp.. 76% 75% 76% 75 Graham Paige.. 26% 26 26% -6% Gabriel Snbbrs ••• **% General Motors 74% 73V* <3% 7a Hudson 87% 86 86% 85 Hupp 43 41% 43 42% Auburn 425%’ 423% 425 2 119 Mack Motor .. 98 96 96 96% Marmon 90 s * 89% 89% 90 a Reo 23'4 22 V* 22% 23 Motor Wheel .. 52% 51% 52% 51% Nash 92% 90% 90% 89% Packard 133’/* 131% 132 131% Murray B 91% 89% 90% 89 Pierce Arrow... 33% 33 33% 33 Studebaker Cor 77% 77 77'/* 76 2 "Stew Warner.. 70 59% 69% 72% Elec S Battery.. 39% 87 87 163 s * Timken Bear ..103% 101% 103% 185 Willy s-Overland. 25% 24 % 24% 24% Yellow Coach... 38% 37% 38 37 s * White Motor 39% 39% 39% 39 % Mining— Am Smlt. A Rig. 119% 117 117 117',a Anaconda C0p...121 119 120% 120 Calumet & H... 46 s ,a 45% 45% %% Andes 54% 53% 53V* o 4 Nev Cons 49% 48*4 48% 49 Greene Can Cop.lßl 179% 179% 179% Inspiration Cop 47% 47% 47% 46% Int Nickel 53% 52 '/a 52% 52% Kennecott Cop.. 91% 89% 91% 91% Magma C0p.... 72% 71% 72% 71*/ fvliatni Copper.. 46 44% 45*/2 45% Texas Gulf Sul.. 72*4 71% 71% 49 U S Smelt 58*4 36 58 57% Oils—

Atlantic Rfg.... 65% 65% 65% 65% Barnsdale 35% 34% 35*3 34J Freeport Texas 42',a 42% ’2% 42% Indp Oil Gas 30% 30Vi 30% 31 Conti Oil 29% 29% 29% 29% Mid-Conti Petrol 32% 32% 32% 32% Lago Oil & Tr 32 Pan-Am Pet 8.. 60% 60% 60% 61% Phillips Petrol.. 36% 35% 36% 36% Prairie Oil At G .. ... 51 51 % Prairie Pipe ... 59% 80 Pure Oil 25% 25 Vs 25% 25% Richfield 39% 39% Shell 26% 26% 28% 26 Simms Petrol... 34 33% 33% 33% Sinclair Oil 34 33% 33% 33% Shellv Oil 41 40% 40% 40% Std Oil Ca 1.... 70% 70% 70% 70% Std Oil N J 57% 56% 57 57% Std Oil N Y 39% 36% 38% 38% Texas Corp 61% 61 61% 61% Transcont! 11% 11% 11% White Eagle 32% Indu trials— Adv Rurnely ... $0 33% Allis Chalmers.. .. ... 274% Allied Chemical 316 3’5 Armour A 71% 11% 11% il% Amer Can 170 167'- 167% ’69 Am Roll Mill ?5% Borg Warner . .V’R% 1!BV> 11*% l'io Am Safety Raz.. 66 65 66 65% Amer le* *9 as 47% Am Woolen .... 20% 18% 20% ... Curtis- 138% '48% Coca Cola ... ... ' *R% Conti Can 79 78*4 78% 78% Ortainteed 29% Copaoleum .... 23 7 n 23% 23% 23% Davison Chem.. 51 50% 50% .41% Du non t 198% 195% 105% 196% Famous Plarers 68% 67% 67% ..8% Gen Asphalt... 88% 37% 87% 38’ 2 FOX (AI 89'x 89% 89 % 39% Gold Dust 63% C 2% 63 1 , 64 Glidd-n 60% 'B% 58% 60 Int Harvester ..125% 124% 124% ’25% Lambert 143-% 143 143 ‘‘3% Toews 60% Keister 35% 3*% 25 Moefrom Ward I’B ”4% 116 ’: 7 1 1 Nat.] C R 129 128 ]RB ••>?% Pittsburgh Coal 65% Radio Keith 41% 40 <1 39% Radio corn 88% 86% 87 86% *’eal SUk go 79 go 79 Rem Rand .... *B% 47% 47% 47% Sears Roeh’-ek 163 V* 182% 162% 163 Union Carbide .121 H3% 118% 121% W*m*r 58% 57% 58% 57% Unit* Pipe 10% 10% 10% tn% U S Cs Ir Pine.. 30 29 29 29% U S Indus Alco 182 181 182 180% Worthington Pu 71% 71% 71% 71% Woolworth Cos .. 90 89% 89% 89% Utilities— Am Tel & Te1..289% 2871a 287% 289% Am For Power ..151 150% 150% 139% m Wat Wk- 136% 135% 135% 135% Brklyn-Manh T.. 60V 60Va 60% 60% Consol Gas 1633 b 160% 163% 163', Cel G& E 96% 93% 95% 96% Ele Pose * Lt, . 79% 79% 79% 79', Nor Am Cos ....185% 'Bl*4 181% 184 D ub Sen- N J.. 121 117 119 119% So Cal Edison.. 79 76 78% 75% United Corp 70% eg 793, 573,, Std Gr <5: E1..138% 137% 128 1372; United Power... 58% 56% 38% 55% West Union Te! .. ... 220 % 221 Shipnin*m Tntl Co-n... 76% 76% 76% 75% Atl Gulf & W I. .. ... 64 64' l inti Mer M pfd . . ... 28 27'4 United Fruit 117*4 117% 117% 117% Foods— Am Sug Rfg... 82% 82% 82% 83 Kroner *90% 89% 89% 90% Puritv Bakeries 140% 179 139 Beechnut Pke .. 88% 87 87)4 87 califorina Pkg. . 78 77% 78 78 Corn Products.. 99% "S 9914 ogtj Borden 96 95 95 oe% '■''Wan Am Sue . 13% 13% 13% '3% Teischmann Cos 93% 93 93% 93% Jewel Tea . . 78% Grand Union .. 28% 27*4 27V, 27% Grand Union pd 48% '8 ig Nat' Biscuit ....299% 205% 209% 205 Kraft 51 so, sn% 59 nostum Cos . ... 72% 72% 72% 72% Ward Bak B ... ]i% pi, Tobaccos—*m Sumatra .. 40% 4014 40% Am Tob B . . 179% no Con Cigars 72 71 71 73 General Cigar.. 73% 73 73 Lie 4c Myers... 89 88% 89 'gg Lorillerd 24 23% 24 24 R J Remolds.. . 54 54', Tob Prod ;B>.. 13% 13 13% 13% Unit'd Cigar St 14% 14 14 14 Schulte Rt Sirs 19% 1944 1934 597^ Other Livestock Hu T'nifrd Prog FT. WAYNE. Tnd.. Aug. s.—Calves—Receipts. 25: cattle, receipts. 50: hogs, receipts. 200- sheep, receipts. 50: market Stead'- to 15c up: 90-120 lbs., *10.80: 120140 lbs., 511.15: 140-150 lbs.. *11.50: 150160 lbs. 511.65: 160-200 lbs.. *11.90; 200’lO lb- *11.75: 210-220 lbs.. *11.65: 220-230 lbs.. 511.50: 230-240 lbs., *11.35 : 240-250 lbs.. *11.20: 250-275 lbs.. *11.05: 275-300 lbs.. 510.85: 300-350 lbs, *10.70: roughs *9‘ stags, *7; calves. *ls: lambs. *l2. TOLEDO. Aug. s.—Hogs—Receipts. 900: market steady: heavies. *10.75® 1! mediums. $11,908(12: Yorkers. *11.75Ai 12 15pies. 511.75® 12.25. Cattle—Receipts.' light : market steady. Sheep and lambs ReLIFE HARD; TAKES GAS Husband Mourns Wife He Drove to Suicide by Drinking. Bu I'nilrrf Prog CHICAGO. Aug. s.—Mrs. Steve Mocko’s husband was in jail for intoxication. His wife put the children. Andrew, 8. and Anna. 6. to bed. then sat up late into the night brooding. Finally she went into the kitchen. I turned on the gas and ended her | life “I've killed her." moaned Mocko when they released him.

PORK MARKET ! UP TODAY AT LOCALYARDS Cattle Are Scarce. With Spots Strong; Veals Are Steady. July Bulk. Top. Receipts. 29. $11.25® 12.00 $12.15 5.000 30. 11.254)12.00 12.00 6.000 31. 11.25%12.00 12.00 5.000 Aug. 1. 11.25® 12.00 12.10 6.500 2. 11.50® 12.23 12.25 6.000 3. 11.25® 11.90 12.00 5.000 5. 11.30® 12.00 12.00 4.000 Hogs were mostly 10 cents to 20 cents higher today at the Union Stockyards, the bulk, 140 to 260 pounds, selling at $11.30 to sl2. Receipts were 4,000; holdovers, 898. Top price paid, sl2. Cattle were scarce and mostly steady. Spots were strong on account of a light supply. The market consisted mostly of a run of low grade she stock. Vealers were steady with Saturday’s prices, selling at sls down. Sheep and lambs were strong, with better grades selling at sl3 to sl4. Fat ewes sold at $4.50 to $6.50. Throwouts were $9 to $11.50. Chicago hog receipts were 42,000, including 20,000 directs. Holdovers were 2.000. A few bids and early sales were recorded 15 cents to 20 cents higher than Saturday's average. One hunded and eighty to 250pound weights sold at sl2 to $12.10: 250 to 350-pound averages, $10.85 to sll. Cattle receipts were 8,000; sheep, 10 000. Indianapolis hog prices today: 250-350 pounds. $10.50 to $11.30; 200250 pounds. $11.40 to $11.90; 160-200 pounds, sl2; 130-160 pounds, $11.65 to $11.90; 90-130 pounds, sll to $11.40, and packing sows, $8.50 to $9.50. Cattle receipts, 500; calves receipts, 400; market generally spots strong; beef steers. sll to sls; beef cows, $8 to $10; low cutter and cutter cows, $5.50 to $7.25; vealers, sl4 to sls; heavy calves, $7 to $12.50, and bulk stock and feeder steers, $8.50 to $11.50. Sheep receipts. 1,100; market strong: top fat lambs, sl4; buk fat 'amb*. $11.50 to sl4; bulk cull lambs, *8 to $lO. and bulk fat ewes, $4.50 to $6.50. —Hogs— Receipts, 4.000; market, higher. 750-350 lbs $10.50® 11.30 200-250 lbs 11.40® 11.90 160-200 lbs. 1200 .. 130-160 lbs 11.65® 11.90 90-130 lbs 11.00® 11.40 ■ Packing sows 8.50/® 9.50 | —Catle— Receipts. 500; market, strong. ! Beef steers ; Beef cows B.oo® 10.00 Low cutter and cutter cows.. 5.50® 7.2.1 Bulk stock and feeder steers.. 8.50® 11.50 —Calves — Best veals - $14.00® 15.00 Heavy calves 7.00® 12.50 —Sheep—receipts. 400; market., strong. Tor fat lambs 5J4.00 Bulk fat lambs 11-50® 14.00 Bulk cull lambs B.oo® 10.00 Bulk fat ewes 4.50® 6.50 Other Livestock B Chicago!’ r Aue. s.—Hogs—Receipts. 42.000. including 20.000 directs: market fairly active, early market mostly to shippers unevenly 10'S 25c higher than Saturday’s average: early top. $12.50: bulk de; lrables. 170-220 lbs.. $11.604; 12.10. packing sows. $9,354/9.83; butchers, medium to choice. 250-350 lbs.. $10.40® 11.40: 209-250 lbs., sll® 12.10: 160-200 lbs.. $11.3a ® 12.45; 130-160 lbs.. $10.90® 11: packing sows 39® 10; pigs, medium to choice. 90130 lbs.. $10.50® 11.50. Cattle—Receipts. 8.000; calves. 2,500; general trade from 25 ®soc up: spots considerably more; new high top paid for weighty steers. $16.85; smallest Monday's run tn years: principal stimulus meaning that, a good share is advanced force: slaughter classes, steers, good and choice, 1.300-1.500 lbs., sl4®' 16.90: 1.100-1,300 lbs.. $13.75® 16.90: 9501 100 lbs., $13.25® 16.75; common and medium. 850 lbs. up. s9® 13.50: fed yearlings, 'good and choice. 750-950 lbs., $12.75® 15.75; heifers, good and choice, 850 libs. down. 512.75®14.75: common and medium, $7.50 ®'12.75; cows, good and choice, $8.75® 12: common and meduim. s7® 8.75; low cutter and cutter. $6.75® 7: bulls, good and choice beef. $9.50® 11.50; cutter to medium. $6.75® 9.65: vealers, milk fed, good and choice, $134: 15.50: medium. sl2® 13; cull and common. $84712; Stocker and feeder steers, good and choice, all weights, $11,504)13: common and medium. $8.75® 13. Sheep—Receipts. 10,000; steady to 25c higher: bulk native lambs. $13,50® 13.75: top. $13.85; good to choice rangers, $13.75: fat ewes. $5.50®6.50: top. $6.75; feeding lambs quotable steady; lambs, good and choice. 92 lbs. down. $13.25®14; medium, $11.50® 13.25: cull and common. $8.25® 11.50; ewes, medium to choice, 150 lbs. down. *4.75® 6.75; cull and common. $2.50® 5; feeder lambs, good and choice. $12.50® 13.85.

Ev Time s Special _ LOUISVILLE. Kv, Aug. s.—Hogs Receipts. 1.500; market, heavies 25c, others 10c lower: mediums ar.d lights. 130-225 lbs, [email protected]; extreme heavies. 225 lbs. up. *11.25: pigs. 130 lbs. down, $7.75® 9- stags and throwout 6, $8,254(8.85. Cat-tle-Receipts. 700; market active to steady: prime heavy steers. *124(13.25; heavy shipping steers. *10.50 4(12: medium and plain steers. *9® 10.50; fat heifers. sß@l2: good to choice cows. $7.50@9; medium to good cows. *6.50'&7; cutters, $6(56.50; canners. *s® 5.50: bulls. *74( 8.50: feeders, s9@ 11.50: stockers. 58V 10.75. Calves Receipts. 700: market 50c lower; fancy calves. $12.50; good to choice, $11®12: medium to good, s9#ll: outs. *9 down. Sheep Receipts, 1.600; market steady; ewes and wethers, *12.50; bulk lambs. $11.50: seconds. *8: sheep. *4.50® 5.50. Saturdays and Sunday’s shipments: Cattle, 26; caJvesl 602; hogs. 139; sheep, 390. Bu Vnifctl Pr' *s CLEVELAND. Aug. s.—Hogs—Receipts. 3.300; market mostly steady. 10c higher: soots 5c lower; 250-350 lbs, *ll @11.75; 200-250 lbs, $11,504(13.25; 160-200 lbs, *12.25®; 12.35; 130-160 lbs, $12.10® 12.35; 90-130 lbs, *12.10® 12.25: parking sows. *9.50® 10. Cattle—Receipts. 900: calves. 975; market, cattle classes steady; calves weak. 50c lower: best steers. $10.25® 12.50: beef cows. sß® 9: low cutter and cutter cows. *6® 7; vealers, *13.50® 18. Sheep— Receipts. 1.400: market steady: bulk set lambs, $12.50®;13; buik fat ewes, $6®6.50. Bu I nitcd rregg CINCINNATI. Aug. s.—Hogs—Receipts. 3.000: holdovers. 730: market, mostly strong; 250-350 lbs, *10.50® 11.65; 200-250 lbs, *11.50® 12.15: 160-200 lbs, *l2® 12.15: 130-160 lbs, *11.75® 12; 90-130 lbs, 510.504 ( 11.75; packing sows. *8.50® 9.50. CattleReceipts. .400: calves, 350: market, unevenly strong to 25c higher: veals, strong: beef ‘steers. *lo® 15; light yearling steers and heifers. *9.5014.50: href cows. $7.75® 8.50; low cutter and cutter cows. *5.75® 7 25- vealers. sll4i 14.50; bulk stock and feeder steers, s9® 11. Sheep—Receipts, 800: market, strong; top. lat lambs, $13.25; bulk fat lambs. $12.50® 13.25: bulk cull lambs. sß® 10; bulk fat ewes, $3®5.50. Bu Vnitcd Prcag EAST BUFFALO. Aug. s.—Hogs—Receipts. 6.900: holdovers. 600; fairly active, mostly to packers steady at Saturday's average: 250-350 lbs, $11®12: 200-350 lbs, *ll 60® 12.60: 160-200 lbs, 512.25® 12.65. 130-160 lbs, *12.404( 12.65: 90-130 lbs, $12.25 ® 12.65; packing sows. *9.75® 10.25. Cattie—P.eceTpts. 2.200; very uneven, dry feds steadv: cows and. bulls, 25c lower. Calves —Receipts. 1.500: slow, mostly 50c lower; beef steers. *13.50® 15.25: light yearling steers and heifers *!3.50® 16.25: beef cows. *9® 10; low cutter and cutter cows. *4.75 ® 7 50; vealers. $16,254(17. Sheep—Receipts. 2.000: active. 25® 50c higher: bulk fat lambs. $13.50® 14.25: bulk cull lambs, *9.7a 311.25; bulk fat ewes. *8.25® i.25. Pu T'nitrd 7*rr ** , _ PITTSBURGH. Aug. 5.— Hogs—Receipts. 2.800: market, strong to oe higher: 2ao- - lbs *114(11.75; 200-250 ibs, *11.50® 13 65-160-200 lbs, $12.40® 12.55: 130-160 lbs, $11.75® 12.55 : 90-130 lbs, $11.50® 12: packing sows. *9.25® 9.75. Cattle—Receipts, 900: market, steady to 25c lower: calves, 1 050' steadv; bulk quotations: beef steers. *U®ls: light yearling steers and heifers. 410.50® 14: beef cows. $7.50® 10: low cutter and cutter cows. 55.50®7; vealers, sl4® 18.50; heavy calves. sll® 15. Sheep— Receipt*. 1.600; market, strong to 25e higher: Quotations; top fat lambs. $13.50; bulk fat lambs. slV® 13.35; bulk cull lambs. *B® 10; bulk ewes, [email protected]; bulk yearlings, s9® 11.

Business and Finance

United Aviation Corporation announced todav-the sale and transfer of two subsidiaries —Gray Gose Airlines. Inc., and North Shore Airport Company—to Chicago Air Service, Inc. The terms of the transaction call for the transfer of the entire capital stock of boh of these companies of Chicago Air Service, Inc. Sales of amateur motion picture camera and projector combinations by the Q. R. S. DeVrv Corporation in July were 1.000 per cent'greater than thev were in July. 1929. T. M. Fletcher, president, announced today. Shipments on still cameras and other products of the DeVry division of the company tn the month Just closed were also subsantially larger than they were in July a year ago. Directors of American Solvents and Chemical Corporation announce the formulation of a plan of re-capitalization which is to be submitted to stockholders for approval at a meeting to be held on Aug. 15. 1929. Columbia Pictures Corporation reports earnings for their fiscal year ending June 29 1929. after Federal taxes and all other charges, of $551,823. This, after preferred dividend requirements of $75,000. is equal to $4.77 per*share earned on the 100.000 shares of common stock outstanding. This compares wit a net of $249,931 for the fiscal vear ending June 30. 1928. or $1.70 per share on the common stock, after preferred dividend requirements. Price reductions ranging from S2O to $250 below former levels on more than thirlv Studebaker models will be made effective today, it was announced by the Studebaker Corporation of America. The volume of heavy construction and engineering work in the United States continues substantially higher than in 1928. Contracts let in July weer valued at $306,104,000. a gain of 19 per cent, oyer July of last vear. The gain is attributed to increased activity in public work, including road construction. Private operations during July were at about the same level as a year ago. For the six months ended June 30. 1929. Gotham Silk Hosiery Company. Inc., and subsidiary companies report net income of $1 333.320' after all operating charges except provisions for depreciation. After depreciation, interest on funded debt and estimated Federal Income Tax net profit amounted to 0824.573. After dividends of $159,051 on the outstanding 7 per cent cumulative preferred stock, the balance ap•plicable to the common stock was $660,522. equivalent before sinking fund accrued on preferred stock to 51.48 per share on the average numebr, 448.350 shares ot common stock outstanding for the six months. A fleet of more than 500 new Checker cabs soon will be added to those already in use in Philadelphia, according to an announcement by J. A. Queeney, president of Mitten Management. The first of these cabs which the Philadelphia Rapia Transit Company has contracted with the Checker Cab Manufacturing Company for will be on the streets by Sept, lo and all will be in operation before Nov. 1. 1929. Gross revenues of the Fairfax Airports, Inc., at Kansas City, from Oct. 1. 1928 to July 1. 1929. were $122,200. Within a short time, due to new leases, increased improvements and a large number of airplanes landing and taking off each day, the monthly revenue is expected to be $300,000. The airport was opened in October and it will be a year before the building and landscaping programs are completed. A total of 800 acres of land are owned by the corporation and when completed Fairfax will be the largest airport in the United States. National Screen Service Corporation reDorts for the first six months of 1929 net profit of $226,491 equivalent to $.059 per share, as compared with $130,348. or $1,185 a share in the first halt last year. Net for the first six months this year was more than two and one-half times dividend reouirements. Earnings for .Tune, normally one of the poorest months of the rear, were almost three times dividend requirements, running at the rate of $4.59 per share. As of June 30. the company had a surplus of $142,613. Skellv Oil Company has just completed wells No. 15 and IS or the Schafer ranch. Texas Panhandle, with No. 15 bringing in 500 barrels a day and the other 300 barrels. Sales of neon tubing by the Q. R- RDe Yry Corporation in July, averaged 12.000 feet per day. an increase of 1.000 per cent compared to July a year ago, T. M. Pletcher. president, stated today. Orders on hand and under negottalon, it was said, will beep the company’s five neon tube plants operating aft capacity during the remainder of the current year. Gross business for the twelve months is estimated at $2,500,000 to $3,000,000. Gardner-Denve r Company showed net earnings of $134,000 in July this year as compared with $96,000 in the same month of 1928. according to a statement today by R. G. Gardner, vice-president. This is after depreciation, federal taxes and all charges, and is equal to 60 cents a share on the 195.677 shares of common stock outstanding, after allowing for preferred dividend requirements. On the same basts earnings in July last year were equal to 40 cents a share.

International Hvdro-Electric System "•ill heve a production in excess of 3.500,onn kilowatt hours this year, placing it in the front rank of the world's greatest hvdro-leecrtct power companies, it is announced bv Frank D. Comerford. vicepresident and treasurer. The actual production for the first six months of 1929 was 1.843.516,000 kilowatt hours, which is at the rate of 3.687.000.000 kilowatt hours for the year. Loadings of revenue freight for the week ended July 20 totaled 1.078.695 ears, the car service division of the American Railway Association reports. Compared with the corresponding week last year, this vas an increase of 44.852 cars and an increase of 66.110 over the corresponding week in 1927. Compared with the preceding week this year the total for the week of July 20 was an increase of 14.063 ears, with increase being reported in the loadings of all commodities except livestock and coal. Producers of manufactured ice are experiencing a very favorable year, with sales greatly exceeding previous records, and prospects favor continued expansion of profits. Mechanical refrigeration concerns also are in the most fortunate position witnessed for several years, current and prospective business indicating substantial improvement over last year's earnings, according to the current survey of the Standard Statistics Company of New York. On Fridax. Aug. 9. at 3 p m., eastern time, tile Department of Agriculture will issue its usual grain crop report. State details will not be released until 9 a. m. Saturday. Aug. 10. The cotton renort of the Department of Agriculture wifi be released on Thursday, Aug. 8. at 11 a. m, eastern time. New efficiency records since 1920 were reported by the Class I steam railroads for May. 1929. in- all ten selected items of freight service operating averages, according to 8 report just issued by the bureau of statistics of the interstate commerce commission. The following new records were reported. Net ton-miles per mile of road per day. 5 661: gross trainload (excluding locomotives'. 1.903 tons; net tratnoad. 817 tons- gross ton-miles per train-hour (excluding locomotives). 25.312: net ton-miles p*r ear dav. 551: average carload. 26.7 tons: ear-miles n*r rar-dav. 32.9 per cent of loaded cars to total. 62,8: cars per train (including caboose). 49.7: and pounds of coal per 1.000 gross ton-miles (Including locomotives). 119. The floor coverings manufacturing industry. after sava-al -'ears of depression and despite recessive production canaeity nresen's unmistakable signs of being on the wav to recovery. This is most evident in' the carnet and rue group, which is "itnesslne fair pvoflts through the plan of limiting out.nut to fovward orders and furnishing popular goods in newly established nrice classes above the former average. areovdfng to the current survey of the Standard Statistics Company of New York. Class T railroads on J'llv 15 had 211.165 surplus freight a a-r in good repair and Immediately available for service, the car service division of the American Railway Association renorts. This was on increase nf 6 857 ears compared with Julr 8. at which' time there were 201.308 cars. Surplus coal rar on Julr 15 totaled 62.549. an increase of 10.V2 ears within approximately a "-eek. while surplus box cars totaled 103 003 ears, a reduction of 3.087 for the same period. Reports also showed 25 015 surplus stoclears, a reduction of 1.037 ear' under the numhgv renorted on Julv 8. while surnlos refrigerator cars totaled 13 640. an increase of 441 for the same period. Federal Motor Truck Company report' for 'lx months ended June 30. 1929. pt Income nf 43'5 771.42 after charges, de-nre-'-tton and taxes This is ouivalent to sa cents a share for the half "'ir on 499.543 shares of no oar value stock. Effective Aug. 1. the Du Pont Cellophane Company announced a substantia! price reduction on pel'nnhane. both regular and mo'sture-nroof. Whis was the seventh reduction since domestic manufacture was started bv the Du Pont rnmnanv in 1924. and the nrice now Is less than 40 per cent of what it was at that time. This Period has seen the development and perfection of moist" re-oroof cellophane which has won an important p’aee in th randv. baking, meat. flh. cigar and other industries. Although the Ted- ManufaMurine Company of Tndianapoli* one of the lareet maker* of drums in the eounfrv. ul the Conp and u„esrhe' bnd ln'tmmn* romnapies of EUchar* are in process nf merger, tha r eedn cormanv sril’ retain its feetow • t 1033 East Calmer street. TJ. G. Leedy. president, announced today. "Although this compenv ha* accented the terms of the consolidation, the program has not been completed." he said. The merger Involrea an arrangement for

exchange of stock by the corporations and ultimate consolidation of departments, it wa*s announced. The Leed factory employs about 150 and the company s annual volume of business approximates $1,000,000. By/ l nitfd Pn 98 „ * LONDON. Auk. s.—The Soviet co-opera-tive organization. “Centro So.vus. has placed orders totaling about in sole leather in Great Britain, it became known todav through the co-operative Wholesale society. The society's bank la scheduled to pay British tanners on the orders. Sale of the Oneida hotel. 214-16 South Illinois street, by the Albert E. Uhl Company to the Washington Company, a subsidiarv of the Washington Bank and Trust Companv. was announced today. The Uhl company purchased the property under option about thirty davs ago from William Fuehrlng. 3246 North New Jersey street who built the hotel in 1898. it is operated by H. B. Kelenbach and T. B. Mullen. Bu ( nitrd Prtsx CHICAGO. Aug. s.—The directors of the Standard Oil Company of Indiana today declared a rash dividend of 62% cents on each share of capital stocks to be paid Sept. J 6 to stockholders of record Aug. 16. Bu l nitrd Prrxs CHICAGO. Aug. s.—Directors of Standard Oil Company of Indiana today declared a cash dividend of 62% cents on each share of capital stock to be paid Sept. 16 to stockholders of record Aug- 16-

The City in Brief

TUESDAY EVENTS Rotary Club, luncheon. Claypool. Indiana Society of the Sons of the American Revolution, luncheon. SpinksArms. _ . Mercator Club, luncheon. Columbia Indianapolis Architectural Club, luncheon. 151 East Market street. Purchasing Agents' Association luncheon. Severin. American Chemical Society, luncheon. Chamber of Commerce. Universal Club, luncheon. Columbia Club. Phi Gamma Delta, luncheon. Chamber of Commerce. University of Michigan alumni, luncheon, Lincoln. Exchange Club of North Indianapolis, luncheon. 3619 College avenue. Alliance Francaise. luncheon, SpinkArms. Boy scouts of the city today possess anew hut at the Scout reservation, near Ft. Benjamin Harrison, the gift of the Parents Council of troop No. 9 of the Irvington M. E. church. Work will be started at once on a switch to the new $16,000,000 generating plant of the Indianapolis Power and Light Company, it was announced today. The switch is to be located directly south of Summer avenue and near Stephenson avenue. Permission to build the switch was granted Saturday by county commissioners. More than 500 parents and friends of Girl Scouts at Camp ,Dell wood witnessed a mock circus parade given by the girls Sunday afternoon. Mrs. Rosalie Spawn, dramatic instructor in the camp, was in charge. Costumes and apparatus used in the parade were made by the girls. Annual outing of the Hayes Body Corporation of Indianapolis, in conjunction with the branches at Grand Rapids and lonia. Mich., was held Sunday at Riverside amusement park. The last picnic of the season of the McGuffeyite Asociation will be held Saturday afternoon at 2 in Brookside park. Frederick E. Schortemeier. former secretary of state, wil speak at Jones Tabernacle African Methodist Episcopal church, Michigan and Blackford streets, tonight at a meeting sponsored by the men's organization of the church.

Headed by Evangelist Ira S. Bassett, the Bassett party will conduct a county-wide revival in Marion County beginning Sept. 8, at Cadle Tabernacle. The Rev. E. F. Day is business manager of the group, which is composed of seven persons and will be supported by a local committee of 100 men. More than 500 curriers and their families attended an all-day outing of the Indianapolis Letter Carriers’ Association Sunday at Broad Ripple park. Monthly meeting of the National party will be held at 276 Century building Tuesday night at 8. Building Permits R. P. Lee, house. 1125 Pomander. *6.500. A. A. Hoeltke. dwelling and garage, 1234 North Bancroft, *4,500. E. C. Morris, dweling and garage, 3650 Guilford. *6.000. C. O. Olsen, dwelling and garage, 951 North Campbell, *7.850.

Indianapolis Stocks

—Aug. 5 Bt3 4ak American Central L Ins Cos _.Boo Belt R R <fe Yds Cos com 64 67% Belt R R & Yds Cos pfd 57% ... Belt R R Sc Yds Cos pfd 103% . Bobb’s Merrill 33% 35 Central Ind Power Cos pfd.. 93 97 Circle Theater 108% Cities Serv Cos com 46% ... Cities Serv Cos Dfd 96% Citizens Gas Vo com 33 Citizens Gas Cos pfd 97% ... Commonwealth L Cos pfd. ...100 Eauitable Sec Cos com 45 Hook Drug Cos com 43 .. Horuff Shoe Corp com 15' z 17 Ind Hotel Cos Clavpool com. 125 Ind Hotel Cos Pfd 100 Ind Serv Corp pfd 84 ... Indpls Gas Cos com 59% ... Indpls & Northwtn Tr Cos pfd 7 ... Indpls P <fc L pfd 101% ... Indpls Pu Wei L com 51 Indpls St R R Cos pfd 24 27% Indpls Wa Cos pfd 99% 'O2 Inter Pub Ser pr li pfd 101 105 Inter Pub Serv 6s 90% 93 Merchants Pub Util Cos pfd...101 102 Metro Loan Cos 98 102 Northern Ind Pub S G pfd 7s 108 . Northern Ind Pub S C pfd 6 97 *2'' 5 Prog Laundry Cos com 48 % 51 E Rauh & Sons Fert Cos pfd 50 Real Silk Hosiery Cos Dfd. 96 Standard Oil of Ind 4% . . T H Indpls & Tr Cos pfd 6 T H Trac Si L Cos pfd 90 Union Title Cos com .. 50 V Camp Prod Cos Ist pfd 96 100 V Camp Prod Cos Dfd 9? —Boras— B:o Ask Beit R & 8 Y Cos 4s 85 Broad Ripple Trac Cos 5s 80 Cent Ind Gas Cos 5s 9? Central Ind Power Cos ,6s 98 Chi S B At N Ind ftv Ist 5s Citizens Gas Cos 55... . .... 100 102 Citizens Street Railroad 55.. 70 Gary St Rv Ist 5s 80 86 Home TJilol Ft Wavne 6s 101 % Indiana Hotel Cos S* 100 Ind Northern Trac Cos 5s 4 Ind Railway & Light Cos 55... 95% Indiana Service Corp 5s . . . Indpls Power and Liflht Cos.. 98 100 Indiana Union Trac Cos 55... 6 Indols Col & Trac 5s 98 100 Indianapolis Gas Cos 5s . . .98 Indpls Si Martinsville T Cos s*. 17 Indpls No Trac Cos 5s 10% ... Indpls At N W Trac Cos 5s 17 Indp's Street Rv 4s 53 54% Indpls Trac <fc Terminal Cos 5s 92 Indpls U Ry 5s J 1965 A 8...100 Indpls Water Cos 5%s 1953 100 Indpls Water Cos 5%s 1954. 100 Indpls Water Cos lien & ref 5s 91% Indole Water Cos 4%* 92 95% ludpls Water Works See Cos 85 Indols Water Cos 4%s 93 95% Interstate Public Service 4' is 88 Interstate Public Service Cos 5* 95 No Ind Pub Service Cos 5s 97 No Ind Telegh Cos 6* 1931 98 99 % T H Si E Trac Cos 5s 51 T H T r ae and Light Cos 5s 90 93 Union Trae of Ind Cos s 13 GOVERNMENT BONDS Liberty Loan Ist 3%ci 97.02 97.22 Lihertv Loan Is’ 4% Y- .... 98.90 99.10 Liberty Loan 4th 4%'s .... 98.90 99.10 U S Treasury 4% 107.13 107.38 U 8 Treasury 4s 102/88 102.88 V S Treasury 3% 100.04 100.26

.'AUG. 5, 1929

ROSY PICTURE IS PAINTED OF U. S. BUSINESS Trade in Last Year Found on Highest Level in Nation’s History. Bu I nitrd Prrgs WASHINGTON, Aug. 5.—A rosecolored picture of American business conditions last year, with just a few dark splotches here and there, is painted in the commerce department yearbook for 1928, issued today. Business, statistics in the book reveal, was last, year on the highest level ever attained in this country. Growth of manufacturing combined with an unexcellent foreign trade and a slightly decreased living cost to give America one of the most prosperous years in history. A mirror of the nation's financial transactions during the year was provided by the book. It showed check payments had increased by 20 per cent over 1927 and nearly had doubled those of 1921. Concurrently, bank resources increased 5 per cent over 1927, loans rising more sharply than investments in securities. Federal reserve banks reduced their holdings of government securities by two-thirds, but, increased their bill holdings by three-fifths. Treasury receipts exceeded expenditures, the book showed. The surplus thus accumulated was used to help retire the public debt. $906 - 000.000 being so applied in the fiscal year 1927-1928 as compared with $1,133,000,000 in 1926-1927. Value of foreign trade increased 5.4 per cent over 1927. it was shown. Exports, when price levels are considered. exceeded even those during i post-war boom years.

In the Air Weather conditions at 9:30 *. in. at Indianapolis airport: South wind, eight miles an hour; temperature. 70; barometric pressure, 30.08 at sea level; ceiling, high thin overcast; visibility, unlimited. Arrivals and Departures Curtiss-Mars Hill Airport—Miss Margaret G. Perry. Sparton biplane, St. Louis to Columbus; W. H. Bradford, Stinson-Detroiter monoplane, Jackson, Mich., to Columbus; G. Zumbeil, Cincinnati, to Indianapolis Sunday on Embry-Riddle air mail plane, and Harry Roberts to Chicago Saturday; P. H. Sanborn and C. L. Quakenbush. Avro-Avian biplane. Evansville to Cleveland. Capitol Airport—D. U. Jacques, Eaglerock biplane, to Thorntown, Ind.; H. C. Young and S. Minor, Waco biplane, Troy. 0.. to Marshall, Mo.; Ray Kuhl, Flora. Ind.. to Bourbon Ind.. Sunday, demonstrating Eaglerock biplane; Michael Murphy, Waco biplane, from Lafayette, overnight,;; Prest-O-Lite Ryan monoplane, round trip Sunday to Muncie, piloted by Dick Knox, with J. H. McDufTee and party as passengers. Hooiser Airport—Bob Shank, Hoosier president, to Oklahoma City today in Travelair monoplane with four passengers.

Kellar Is Soloed Dwight Kellar was soloed Saturday by Earl W. Sweeney, chief instructor of Curtiss Flying Service of Indiana, at the Curtiss-Mars Hill airport. Plan Reception for Fliers Plans for the reception of Dale Jackson and Forest O Brinp. holders of the airplan" endurance record, when they visit Indianapolis Aug. 10 and 11, arc being made by comI mittecs. ! A citi2£ns’ reception committee to greet the fliers lias been named by Paul Q. Richey. Chamber of Commerce president, and Horace E. Huey, Colo Club of Indianapolis president. Addresses at a banquet so be held Saturday night at the Chamber of Commerce will be broadcast over WFBM, Indianapolis Power and Light Company station. Superior Judge Byron K. Elliott will be toastmaster. Speakers, in addition to Jackson and O'Brine, will include Mayor L. Ert Slack, Governor Harr.’ G. Leslie and Richey. The endurance fliers, who remained in the air above St. louis 420 hours in their Curtiss Robin monoplane, are being brought here by the Curtiss Flying Service of Indiana. They will fly here in their record-breaking plane. Feeder Line Arranged Arrangements to provide a feeder service for the Mason-Dlxon airlines from Cincinnati to Detroit have been made by Hoosier airport. Harold C. Brooks, secretarytreasurer. has announced. Under the arrangement Hoosier will transport passengers between Indianapolis and Dayton to connect with the Mason-Dixon line of Detroit. Air Maneuvers Slated Tlie public has been invited to witness the private licen.se fliers' aerial maneuvers starting at 2 p. m. Tuesday at Curtiss-Mars Hill airport. Members of the Solo Club of Indianapolis and other recent flying graduates from Curtiss, Hoosier and Capitol schools, will participate in contests. A number of prizes have been provided by Charles E. Cox Jr. Curtiss assistant general manager. who arranged the program. Judges will be Cox. Bob Shank, Hoosier airport president, and Fred Lander. Capitol Airways chief instructor. Nearly 1.200 former soldiers will attend the fourth annual reunion of the Veterans’ Association of the Second regiment, air service mechanics. A. E. F., Aug. 22 to 24. at the Severn. The arrangement committee includes Lieutenant R. C Gardner, chairman; Dr. Forest K. Paul, William B. Dennr, Samuel Gray, George W. Statler, all of Indianapolis, and Hugo Albert, Oaklandon.