Indianapolis Times, Volume 41, Number 101, Indianapolis, Marion County, 6 September 1929 — Page 25

SEPT. 6, 1923

LARGE TRADING VOLUME SENDS STOCKS HIGHER United States Steel, Radio and General Motors Take the Lead.

Average Stock Prices

Average of twenty Industrials for Thursday was 367.77 off 9.84 Average of twenty rails was 184.51. off 3 01. Average of forty bonds was 93.42, up .17. I By United Press NEW YORK. Sept. 6.—Confidence returned to the stock market today as quickly as it had faded in the last hour Thursday. The whole list started higher, met some selling by cautious traders, then turned upward again under the lead of United States Steel. Radio Corporation and General Motors. A reduction to 8 from 9 per cent in call money in the afternoon helped the advance. While the aforementioned issues n ere heavily dealt in at rising prices, the best gains of the day were made by the utilities and special issues. In those stocks advances ranged to more than ten points. Millions lost Thursday were restored in many rases. The line of least resistance was again upward. Market psychology is a strong phenomenon. Thursday when Statistician Roger Babson said prices •" ere due to break, the small Traders unloaded and broke prices. Today when powerful investment trusts end professional operators quickly +o °k advantage of “bargain" prices, the little fellows were glad to pick uo their stocks again. Their trading helped swell the volume of transactions. Oils Are Feature A feature of the afternoon trading was activity and strength in the oil shares. Long strings of both independent and standard issues came oul on the tape at prices showing gains of fractions to more than 3 points. Royal Dutch, Pan-American B and Atlantic Refining were best gainers. Standard of New Jersey v hirled up more than 4 points while Ftandard of New York gained more than two In heavy turnover. Substantial gains also were made by - 1\ exican Seaboard. Transcontinental. Sinclair and Texas Corporation. Oil production as reported for the 'veek ended Aug. 31 set anew record Today, however, word came that California authorities were working to enforce conservation of natural gas. which, in turn, would slow up crude production. Other fr *te authorities and oil men also are working to reduce output, and once this is accomplished, oil stocks should benefit. In the utility division new highs were attained by American Waterworks. American Power and Light, P ar.dard Gas and wide gains were made by American and Foreign Fewer. Public Service of New Jer-

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Banks and Exchange

INDIANAPOLIS STATEMENT Ir.ditnapoll* bank clearings Friday, Sept, j 5. $4,044,000; debits $7,970,000. CHICAGO STATEMENT | By United Press I CHICAGO, Sept. 6.—Bank clearings. , $120,300,000; balances. $10,200,000. NEW YORK STATEMENT | By United Press NEW YORK. Sept. 6—Bank clearings, $1,796,000,000; clearing house balance $268 000.000; Federal Reserve bank credit balance. $264,000,000. TREASURY' STATEMENT By United Press WASHINGTON. Sept. 6—The treasury net balance on Sept. 4 was $79,444,488.52: customs receipts to the same date were *4,291.388.33. sef. Consolidated Gas and Electric Pc vet and Light. Huge Sales Recorded Allied Chemical spurted ahead as did Simmons Bed, American Machine and Foundry, Atlanta Powder, Case Threshing, Columbian Carbon. Loose-Wiles, National Biscuit, Otis Elevator, Stone Sc Webster, and United States Industrial Alcohol. Rails also improved, with heavy trading in Erie at prices three points above the previous close. New York Central, Nickle Plate, Chesapeake Sc Ohio and D. Sc H. were best gainers. In today’s final hour there was a graphic contrast ■with Thursday in the movement of prices. Hugh sales were coming out on the ticker and prices were spurting ahead. Shortly after 2 p. m. a block of 25,000 General Motors appeared at 76. This block was worth $1,900,000, and at 76 the market value of General Motors was enhanced exactly $130,500,000 from the price at Thursday’s close. It later bettered the 76 level. Radio came out 10.000 at 110, followed by a block of 5,000 at the same price. Then the stock majestically swung up to 112. where it was up more than 9 points and within 2 points of the record for this stock.

On Commission Row

FRUITS Apples—Choice. [email protected]; Wealthy, $2.50; Malden Blush. $2.73@3: Jonathans. $2.75; Grimes Golden. 52.75; New York Duchess, [email protected]; Gravestein, $3. Apricots—s2.7s@3. Grapes—California, seedless, $1.50 a crate. Lemons—California, a crate, $12@13. Limes—Jamacia. $2.25@3. Oranges—California Valencia. $3.75@8. Peaches—Elberta. [email protected]; Indiana. s2® 2.50; Hales. 53.50 a bushel. Flums—s2.7s; Idaho prune plums. 16-Ib. case, $1.15. VEGETABLES Beans—Green, stringless. [email protected]. Eeets—Home-grown, doz., 40c. Carrots—Home-grown, doz.. 50c, Cabbage—S3.so a barrel. Cantaloupes—Flats. [email protected]: Indiana $2.25; Tiptops, barrels. $4.50; Jumbo. $1.50. Cauliflower—Home-grown, a bushel. $2: Washington, crate, $3.75. Corn—Home-grown. 25® 30c a dozen. Cucumbers—Hothouse, a dozen. $1.25. Eggplant—sl.so®2 a dozen; [email protected] a hamper. Kale—Spring, a bushel, sl. Lettuce—California Iceberg, $5 @5.50 a crate: home-grown leaf, a bushel. sl. Mustard—A bushel. sl. Onions—Washington. Walla Wala. $3.50 @ 3.75 a bag. Parsley -Home-grown, doz bunches. 45c. Peas—New York, $3 hamper. Peppers—Home-grown, $101.25 a bushel. Potatoes—Wisconsin and Minnesota white. [email protected] a 160-lb. bag; Red River Ohios. 120-lb- $3.25. Radishes—Eutton. hothouse, dozen, 50c; Southern, long red. 15®25c doz. Sweet Fotatoes—Virginia Jerseys, $6 a barrel; $3 a bushel. Tomatoes Home-grown. a bushel. $1.25: 15-lb. basket. 85c. Watermelons—lndian*. 40®65c each.

Open Open CREDIT JEWELERS 'x&T 113 W. Washington St. Lincoln Hotel Bldg.

HOGS STEADY TO LOWER AT LOCALYARDS Cattle Unchanged, Quality Plain; Vealers Show No Changes. Aug. Bulk. Top. Receipts 29. $lO 80 311.70 $11.70 2,500 30. 10.50® 11 50 11.5 G 10.000 31 [email protected] 11.50 3,000 Sept, 3. 10.40311.40 11.40 11.000 4. 10.40® 11.40 11.40 5,500 5. 10.15311.15 11.25 8.000 6. 10.60® 11.00 51.15 7,000 Hog prices were steady to 15 cents lower today at the Union Stockyards, mostly 15 cents off. The bulk, 140 to 280 pounds, sold at $lO to sll, top price, $11.15. Receipts w r ere 7,000, estimated; holdovers w r ere 775. Cattle were steady with quality plain. Vealers steady, selling at sl7 down. Sheep and lambs held unchanged top, lambs, $13.50; bulk prices were sl2 to sl3. Fat ewes were $4.50 to $6.50. Chicago hog receipts were 20,000, including 4,000 e rects. Holdovers were 9.000. Market 10 to 15 cents lower than Thursday. A few loads of butchers sold at steady prices. Few 170 to 210 pounders at sll to $11.15, for 230 pound averages $9.90 to $10.15, Cattle receipts were 2,000; sheep, 12,000. Indianapolis livestock prices; Hogs. 250-350 lbs.. $9.25 to $10.60; 200-250 lbs., $10.50 to $11.05; 160-200 lbs.. sll to $11.15: 130-160 lbs.. $lO to $10.50; 90-130 lbs.. $8.35 to 9.75; packing sows, $8 to $8.75. Cattle receipts, 850; calve receipts, 650; market steady; steers, $11.50 to 15.50; beef cotvs, $7.50 to $9.75; low cutter and cutter cows, $5.25 to $6.75; vealers. sl6 to 17; heavy calves, $7 to $12.50: bulk stock and feeder steers. $8.50 to $11.50. Sheep receipts, 1.200; market steady; lambs, $13.50: bulk fat lambs. sl2 to sl3; bulk cull lambs, $7.50 to 9.50; bulk fat ewes, $4.50 to $6.50. —Hogs— Receipts, 7,000; market, lover. 230-350 lbs $ 9.25® 10.60 200-250 lbs [email protected] 160-200 lbs 11.00® 11.15 130-160 lbs 10.00® 10.50 90-130 lbs 8.3539.75 Packing sows 8.0015 8.75 —Cattle ■ Receipts. 850; market, steady. Beef steers $11.50313.50 Beef cows 7.75® 9.75 Low cutter and cutter cows .. 5.25® 6.75 Bulk stock and feeder steers.. [email protected] —Calves— Receipts, 650; market, higher. Beef steers [email protected] Heavy calves [email protected] —Sheep— Receipts, 1,200; market, steady. Top fat lambs $13.50 Bulk fat lambs 12.00f13.00 Bulk cull lambs 7.503 9.50 Bulk fat ewes 4.50® 6.50 Other Livestock CHICAGO, Sept. 6.—Hogs—Receipts, 20.000; including 4.000 direct; market, mostlv 10 to 25c lower on hogs, under 240 lbs.: light lights and pigs at full decline: heavy weights steady to 10c down; weighty packing sows, 25c lower; top. *11.20; butchers, medium to choice. 250350 lbs.. [email protected]; 200-250 lbs.. $10.15® 11.20; 160-200 lbs.. *10.25® 11.20: 130-160 lbs.. $9.25@11; packing sows. $7.7509.20; pigs, medium to choice, 90-130 lbs., $8.75 f 10. Cattle—Receipts. 2.000; calves,

THE INDIANAPOLIS TIMES

Local Wagon Wheat

City grain elevators are paying *1.20 for No. i red wheat and *1.15 tor No. 2 hard wheat. I, generally, steady; top, *15.25: no choice steers or yearlings here; slaughter classes, steers, good and choice. 1300-1500 lbs.. $133 16.50: 1100-1300 lbs.. $133 16.75: 950-1100 lbs.. s3® 16.75; common and medium. 850 lbs. up. $8.23® 13; fed yearlings, good and choice. 750-950 lbs.. $13.55® 16.50; heifers, good and choice, 850 lbs. down, 13 25315.50; common and medium. sß® 13.25; cows, good and choice, $8.50611.75; common and medium. $6 [email protected]; low cutter and cutters. [email protected]; bulls, good and choice, beef. $8.75g 10.75; cutter to medium. $6.7508.65; vealers. milk fed. good and choice, $15.50@16; medium, [email protected]; cull and common. sß® 12; Stocker and feeder sters, good end choice, all weights. $10.25 312.25; common and medium. $8310.25. Sheep—Receipts. 12,000; steady to strong: native lambs. *[email protected]; rangers, sl3® 13.35; fat ewes, [email protected]: fedeing lambs, auotablv steady: lambs, god ana choice. 92 lbs. 'down. [email protected]; medium. $10.50 @12.75; cull and common. $7.50310.50; ewes, medium to choice. 150 lbs. down, $4 @5.50; cull and common. $2.50 3 4.25; feeder lambs, godo and choice, $12.75® 13.75. By Times Special LOUISVILLE. Ky., Sept. 6.—Hogs—Receipts. 700; market. 30c lower; mediums ana lights. 130 to 225 lbs., $9.80® 10.80; extreme heavies, 225 lbs. up, $10.20; pigs, 130 lbs. down. [email protected]; stags and throwouts. [email protected]. Cattle—Receipts, 300: market, steady; prime heavy steers, *11.50® 13: heavy shipping steers. $9.50® 11. medium and plain steers. 58.50® 9.50; fat heifers, $1.50® 11.50; good to choice cows. $7.25@9; medium to good cow's. [email protected]; cutters. $5.50@6; canners, $4.5005.25: bulls, [email protected]; feeders, $8.50 @11; stockers. $7.50310.50. Calves—Receipts. 200: market, steady; fancy calves. sls- god to choice. $13.50314.50; medium to 'good. $11.50® 13.50: outs. $11.50 down. Sheep—Receipts, 400: market, steady: ewes and wethers. sl2; buck lambs, $11; seconds. s6@7: sheep. [email protected]. Thursday's shipments: r-nle, 212; calves, none; hogs, 149; sheep, 210. By United Press FT. WAYNE, Ind.. Sept. 6.—Cattle—Receipts, 75; . calves, 50; hogs, 500: sheep, 400: hog market. 15c on; 90-120 lbs., $9.10; 150-160 lbs., $10.35; 160-180 lbs., $10.80; 180-200 lbs., $10.90; 200-210 lbs., $10.75; 210-220 IbS., $10.60; 220-230 lbs., $10.50: 230-240 lbs., $10.40; 240-250 lbs.. $lO 25; 275-300 lbs.. $9.75; 300-350 lbs., $9.50: roughs. $8.25; stags, $6.50; calves, sl7; lambs, sl2. By United Press CINCINNATI. Sept. 6.—Hogs—Receipts, 4 900- holdovers, Ba 2; market. 25c to 40c lower; 250-350 lbs., [email protected]; 200-250 lbs. $10.50® llj&i 160-200 lbs.. $10.50® 11.35; 130-160 bs.. slo© 10.75; 90-130 lbs , $8.25310.25: packing sows. [email protected]. Cattle—Receipts. 525. Calves—Receipts, 225: market, steady; beef steers, $8.50® 14; light yearling steers and heifers. $8 @l4; beef cows, s7@9; low cutter and cutter cow's, [email protected]; vealers, sl4® 17: bulk stock and feeder steers. sß® 10. Sheep —Receipts. 300; market, slow'; top fat lambs, sl3 50; bulk fat lambs, $12.50® 13.50; bulk cull lambs, s7@9; bulk fat ewes. s4@6. By United Press PITTSBURGH. Sept. 6.—Hogs—Receipts, 3.000; market, weak to 10c lower; 250350 lbs.. $10.25@ 10.75; 200-250 lbs.. $10.50® 11.70; 160-200 lbs.. [email protected]; 130-160 lbs., $9 50@ 10.50: 90-130 lbs.. [email protected]. Cattle —Receipts, 25. Calves—Receipts. 175; 50c lower; market, steady; bulk quotations, beef steers. $11@13: light yearling steers and heifers. [email protected]; beef cow's, $7.50® 9.25: low cutter and .putter cows. $53 7; vealers. *14@18; heavy calves, sll@Js. Sheep—Receipts, 750: market, steady; ouotations. top. fat lambs, $13.75; bulk fst lambs, [email protected]; bulk cull lambs. $Sy 10; bulk ewes. [email protected]; bulk yearlings. s9@ll. By United Press CLEVELAND. Sept. 6.—Hogs—Receipts, 2,300: holdovers, 639; market. 15@25c low'er; pigs. 50c off; 250-350 lbs., $9 75® 10.60; 250 lbs.. [email protected]; 160-200 lbs., $11.10®11.25; 130-160 lbs.. [email protected]: 90130 lbs.. $9.50@11: packing sows. $8.50@ 9. Cattle—Receipts, 350. Calves—Receipts, 350; market, steers and cows about steady; vealers weak, 50c lower: beef steers, s9® 10 50; beef cows, S6.JS@B; low cutter and cutter cows. [email protected]: vealers. sl4@ 18.50. Sheep—Receipts. 1.900; market, -steady; W'eak. top fat lambs. $13.75; bulk fat lambs. $13@13J5; bulk fat ewes, [email protected].

Produce Markets

Butter (wholesale) —No. 1. 45@46c; No. 2, 44@45c. Butterfat—44@4sc. Cheese (wholesale selling price per pound)—American loaf. 35c: pimento loaf, 40c: Wisconsin firsts. 25c; Longhorn, 26c; New’ York limberger. 30c. Eggs—Buying prices. Fresh delivered at Indianapolis, loss off. hennery eggs. 36c; No. 7. 29c; No. 2. 24c; pulet eggs, 18c. Poultry (buying prices'—Hens, large breeds, 25c: Leghorn hens, 20c; 1929 broilers, over 2 lbs. 24c, 1929 Leghorns 20c; Rarebacks 10c per pound less, old cocks over 5 lbs., 15c; Leghorn cocks and under 5 lbs.. 12c; ducks, large white, 12c; geese, full feathered and fat. 7c; Chinese and Swan geese, sc; Guineas, 25c. Youth Wounds Self By United Press HILLSBORO, Ind.. Sept. 6.—Carl Bowman, 17, high school student, was in a critical condition today with a self-inflicted revolver wound in the head. The youth was found lying in bed with the revolver in his hand. It was believed the gun was discharged accidentally.

American Telephone and Telegraph Company ® 158th Dividend © The regular quarterly dividend of Two Dollars and Twenty Five Cents ($2.25) per share will be paid on April 15,1929, to stockholders of record at the close of business on March 14, 1929. g, H. BLAIR- SMITH. Treasurer,

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW FORK MEMBERS New York Stock Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New York Cnrb Association 300 Fletcher American Bank Bldg. Telephone Lincoln 5501

DIVIDEND NOTICE Utilities Power & Light Corporation 7% Cumulative Preferred Stock The Board of Directors of Utilities Power & Light Corporation at a meeting held this day declared a quarterly dividend for the period ending September 30, 1929, of One Dollar and Seventy-five Cents ($1.75) per share upon the outstanding Preferred Stock of the Corporation, payable October 1. 1929, to stockholders of record at the close of business September 10, 1929. Class A Stock A quarterly dividend for the period ending September 30, 1929, of Fifty Cent* (50c i per share on the Class A Stock also was declared, payable October 1, 1929. to stockholders of record at the close of business September 10, 1929. Under the resolution of the Directors, the holders of Class A Stock have the right and option to accept, in lieu of their cash dividend, additional Class A Stock at the rate of one-fortieth of a share for each share of Class A Stock standing of record in their respective names at the close of business on September 10, 1929. Unless by the close of business September 20, 1929, the stockholder advises the Corporation that be desires his dividend in cash, the Corporation will send to him on October 1. 1929, the additional stock (or scrip for fractional shares) to which he is entitled. Class B Stock A quarterly dividend for the period ending September 30, 1929, of Twenty-five Cents per share’ on the Class B Stock was also declared, payable October 1, 1929, to stockholders of record at the dose of business September 10, 1929. Under the resolution of the Directors, the holders of Class B Stock have the right and option to accept, in lieu of their cash dividend, Common Stock of the Corporation at the rate of one-fortieth of a share for each share of Class B Stock standing of record in their respective names at the dose of business on September 10, 1929. Unless by the dose of business September 20, 1929. the stockholder advises the Corporation that he desires bis dividend in cash, the Corporation will send to him on October 1. 1929, the additional stock (or scrip for fractional shares) to which he is entitled. Common Stock A quarterly dividend for the period ending September 30 1929, of Twenty-fir* Cents per shire on the Common Stock was also declared, payable October 1. 1929. to stockholders of record at the dose of business September 10, 1929. Under the resolution of the Directors, the holders of Common Stock have the rwht and option to accept, in lieu of their cash dividend. Common Stock of the corporation at the rate of one-fortieth of a share for each share of Common Stock standing of record in their respective names at the dose of business on September 10, 1929. Unless by the dose of business September 20. 1929. the stockholder advises the Corporation that he desires bis dividend in cash, the Corporation will send to him •n October 1, 1929, the additional stock (or scrip for fractional shares) to which h* h entitled. H. L. CLARKE, President. Ckxav>. 111.. Antnst JO. 1929.

HIGHER CABLES HELP OPENING WHEATTRADES Bearish Tone Apparent in Corn Market, Due to Recent Rains, By United press CHICAGO, Sept. 6.—The stronger market at Liverpool gave wheat good strength at the opening of the Chicago Board of Trade today. Continued draught in the Argentine was also an incentive toward a bullish market. Corn was weak on the rains which will fell again last night. Oats were slightly higher. At the opening wheat was unchanged to % cent higher; corn was Vi up*to V* cent off, and oats were unchagned to Vi cent higher. The stubbornness of wheat in resisting liquidation and short sales is puzzling traders, while at the same time open interest is very large. The sentiment among operators apparently is that anew incentive is needed in order for the wheat market to make further advances. at the present time. Liverpool was stronger today than expected on the continued draught and cold weather in Argentina. A cable from Australia stated that eastern Australia crops were generally unsatisfactory due to the late dry weather. Rains were again received last night over the corn belt, with Kansas, Indiana and parts of Ohio the greatest benefittel. The market tends to have a very bearish tone at the opening due to the precipitation received. The trade in oats was rather light Thursday, but the tone is one of firmness and news is unchanged. The trade expected better prices on the shortage of the crop. Chicago Grain Table —Sept. 6 WHEAT— Prev. High. Low. 12:00 close. December ... 1.41*4 1.39% 1.41*4 1.40% March 1.47 1.45*4 1.47 1.46 May 1.51 1.49=4 1.50% 1.49’/* CORN— December ... 1.01*4 .99% 1.0114 .99% March 1.04% 1.03% 1.04% 1.03% May 1.08 1.06*/* 1.08 1.06% OATS— December ... .54% 53% .54% .53% March 57 Vi .56% .57*4 .56% May 58% .53=4 .58% .58*4 RYE— September .. 1.02% 1.02% 1.02% 1.02*4 October 1.11 1.10% 1.11 1.10% December ... 1.16 Vi 1.15% 1.16*4 1.15% LARD— September .. 11.87 11.80 11.80 11.90 October ... 11.92 11.92 11.92 12.00 December .. 12.12 12.05 12.07 12.15 January .... 12.37 12.32 12.32 12.15 RIBS— September 12.15 October 12.09 By Times Special CHICAGO. Sept- 6.—Carlots: Wheat. 66; corn, 124; oats. 78; rye, 6, and barley, 12. Marriage Licenses Harlod Vap Sandt, 25. of 627 North Pennsylvania, bookkeeper, and Rose Roberts, 21, of 627 North Pennsylvania, waitress. Andy A. Stiefvater, 32. Louisville. Ky.. editor, and Sara I. Lora, 27, of 4032 Arthington. clerk. Wayne E. Robinson. 21, of 817 North Senate, laborer, and Mattie Woodford, 18, of 150 North Capitol, waitress. Harold E. Smith, 20. of 1301 Parker, knftter, and Marv E. Friend, 19, of 1010 Bellefontaine, stenographer. Edgar Alltop. 33. of 1856 North Harding, barber, and Mattie Burbage, 55, of 2856 North Harding. Harry H. Watson, 25. of 847 Virginia, painter, and Addie M. Forward, 26, of 61 South Noble. Elmer Oliver. 23. of 328 Osage, dancer and Vera Thompson, 19, of 1720 Martindale. Merrill C. Ludwick. 18. of 3530 Prospect, chauffeur, and Ruth Wethington, 18, of 308 South Noble, waitress. Daniel James, 24, of 112 East Ohio, teacher, and Margaret Greathouse, 20, of 112 East Ohio, student. Fred A. Bruce. 22, of 1370 West Rav. clerk, and Dorothy E. Van Otto. 17. of Coffey, wrapper. Joseph Courtney, 35, of 1318 East Sixteenth. druggist, and Anna M. Hall, 35, of 2105 Boulevard place, teacher. Paul L. Elzea, 21. of 2712 West Vermont. coremaker, and Rubve V. Conklin, 21. of 322 North Elder. Walter De Lisle. 21. of 2528 North Olney. salesman, and Elsie Letrs, 22, of 2306 Parker. Roy H. Wheeler. 36, of 3007 North Delaware, salesman, and Anna, A. Kersey, 26, of 230 East Twelfth, nurse. John L. Seng, 26, of 2802 Shelby, minister and Blanche C. Stillbower, 19. of 2753 Barth.

New York Stocks

—Sept. 6 _ Prev. Railroads— High. Low. 12:00. close. Atchison 287 283'i 284% 28 < Atl Coast Line. .199 199 199, 199 Balt it Ohio 138% 137% 131 % 137% Canadian Pac ..232% 231% 231 2 232 Chesa & 0hi0..273*2 270 273*2 2i2% Chesa Corp .... 88 87*2 87*2 ... Chi it N West.. 104% 102% 103 s * 101 Chi Grt West.. 16 15% 15% 16% CRI&P 139 Del it Hudson. .221% 221% 221% 217% Del it Lacka ....163 160 160% 156 Erie 90% 89*4 89% 88 Erie Ist pfd 62 61% 61% 62 Grt Nor . 123 s * 123% 123% 124% Gulf Mob & Oil $8 111 Central . M 8 South 104% i03% iO4 104 * Lou & flash 149*2 149% 149*2 150% Minn S L ■ • ... . ... . J% MK & T 55** 54‘* 54% 53% Mo Pac pfd 138% 138% 138% 141% N Y Central 247 244% 245 244 NY C it St L 183 181 183 187 NY NH it H 123% 122% 122% 124 Nor Pacific 109% 107=* 109 109** Norfolk it West 282 281 *2 282 280 O & W 26% Pennsylvania ...106’* 104% 105% 104% P & W Va 138% 138% 138% ... Reading 145% 143*- 144 144 Seab'd Air L 26 26 26 Southern Ry ....158% 158 108 109% Southern Pac ..152% 150 151 152 St Paul 42% 41% 42% 41% St Paul pfd .... 65% 65'* 65*s 65'* St L & S W 98% St L & S F 130 129 130 131" s Union Pacific .. .290% 287 288 288** West Maryland 43% 43% 43% 43=4 Wabash 70 70 70 71 West Pac 37% 37% 37% 37% Rubbers— A,lax 4% Fisk 8% 8% 8% 8% Goodrich 71V* 71% 71% 73 Goodyear 111% 110’* 111 109 s * Kelly-Spgfld ... 10*4 10% 10% 10% Lee ... ... 12 s * United States .. 47% 46% 47% 46% Equipments— Am Car it Fdy. 98 97% 97% 99*4 Am Locomtive.. .123 122 123 123 Am Steel Fd .... 63% 63% 63% 63% Am Air Brake Sh 59 57% 59 57% Man Elec Sup.. 29 29 23 29 Genera! Elec ..391 387 388% 283 Gen Ry Signal . .122 119% 122 120% Gen Am Tank ..109% 108=4 109% 108 N Y Airbrake... 46 45% 46 46 Pressed Stl Car.. 17 16% 17 16% Pullman 85% 85 85 85% Westingh Air 8.. 62% 59% 61 61% Westingh Elec -.274 269'* 273% 268 Steele— Bethlehem 134'% 131% 134 130% Colorado Fuel.. 63% 61 61 64% Crucible 115'/* 113% 115'* 115 Gulf States Stl.. 68 68 68 68% Inland Steel 105 Otis 49% 48% 49 48% Rep Iron & Stl. .126% 124% 125% 122 U S steel 250*4 247% 250 246% Alloy 52 61'% 51 = 4 51% Warren Fdy .... 17% 17% 17% 17% Youngstwn Stl.. 168% 168** 16E% 170% Vanadium Corp . 85% 82 85*2 80% Motors— Am Bosch Mag.. 69% 68’% 69% 66 Briggs 34% 34 34V* 34 Brockway Mot .41 40% 40% 41% Chrysler Corp .. 72 71*% 71% 71% Eaton Axle 59 57% 59 58% Graham Paige .. 23 22% 22% 11% Borg Warner ... 83% 80 80% 80% Gabriel Snbbrs . IS 19 19 19% Genera! Motors. 74% 73% 74% 73% Elec Stor Bat... 85% 85 85V* 85% Hudson 83% 82% 82% 82% Hayes Bod Corp. 29 29 29 29'% Hupp 40% 40% 40% 40% Auburn 480 Mack Trucks ... 99% 97% 99'% 100 Marmon 82*% 80'/* 82 81 % Reo 21% 20% 20% 21% Gardner 11% 11% 11% 11 % Motor Wheel ... 41% 41 41V* 41% Nash 85 84'/* 85 84% Packard 148'/* 147 148 147 Peerless 11*/* 11% 11*% 11% Pierce Arrow 33 Studebaker Cor.. 75 75 75 76 Stew Warner ... 67% 67% 67% 66% Timken Bear ...108 105 107% 105 Wlllys-Overland . -22*/* 22% 22'/* 22% Yellow Coach ... 36 35% 36 35% White Motpr ... 46% 45% 45% 44*% Mining— Am Smelt & Rfg. 128% 126 128% 125 Am Metals 78 Vi 72% 76% 72% Am Zinc 25 Anaconda Cop... 131% 129% 131 = * 128*4 Calumet it Ariz.l3o% 129’* 130% 132'/* Calumet & Hecla 47 46 47 45% Cerro de Pasco.. 104 101% 104 100 Dome Mines .... 9% 9% 9% ... Granby Corp ... 84% 82% 83% 85*% Greene Can Cop. 195 195 195 200 Gt Nor Ore 30% 30 30 30 Inspiration Cop. 48’% 47'% 47% 47% Howe Sound .... 69 68'% 69 68% Int Nickel 53% 52V* 53% 52% Kennecott Cop . 93% 91% 93 90% Magma Cop 75*% 75% 75*% 75 Miami Copper .. 46'/* 45'% 46% 46 Nev Cons 51% 50*4 51% 48% Texas Gulf Sul.. 70V* 70*4 70 % 71V* St Joe 69V* 68% 69V* 68% U S Smelt 54 53*4 54 55% Oils— Am Ref Corp ... 28 28 28 Atlantic Rfg 64% 63% 64 63% Barnsdall (At .. 36V* 36*/* 36% 36% Freeport-Texas . 48% 48 48=* 49% Houston Oil 74 74 74 74 Indp Oil it Gas.. 31*4 31 Vi 31% 30V* Conti Oil 32 *4 32*/* 32% 32% Mid-Cont Petrol 32% 32% 32% 33 Pan-Am Pet (B) 64 63% 63% 63% Phillips Petrol.. 37% 37% 37% 36 Prairie Oil 55% Union of Cal 51V* 51% 51% 52 Prairie Pipe 61 60% 60% 61 Pure Oil 25% 25% 25% 257* Royal Dutch 56 Richfield 40% 40% 40% 40% Shell 27% 27*4 27% 27% Simms Petrol .. 35% 35V* 35% 32% Sinclair Oil 35% 35% 35V* 32% Skelly Oil 40% 39% 40V* 40 Std Oil Cal 74% 74% 74% 75 Std Oil N J 68% 67% 67% 67% Std Oil N Y 41 Vi 40% 41% 40% Tidewater 19% 19% 19% 20 Texas Corp .... 67% 66% 66% 66% Texas Cit O 16V* 16'/* 16V* 17% Transcontl 13% 13 % 13% 13% White Eagle 31V* 31% 31'4 31% Industrials— Adv Rumeiv .... 4040 4040 Allis Chalmers ..308% 304% 308 Allied Chemical 342 334 334 328 A M Byers 140% 138% 140 139 Armour A 12% 117* 12 12 Amer Can 174'-* 172% 173% 170% Alleghaney Corp 54% 53% 544% 52'4 Amer Ice 51 50 50'/* 50% Am Woolen ... 15 s * 15 s /* 15% 16 Assd Dry Goods 48% 48% 48= * 49% Bon Alum .. ... ... 120% Conti Can 86% 84% 86 85V* Certainteed .... 27% 27% 27% 28 Croslev 100% 99 100 99 Congoleum 22% 22% 22% 22% Davidson Chem . 47% 47% 473* 4514 Dupont 220 217% 218 216% Famous Players 70% 70% 70% 70V* Gen Asphalt .... 84 84 84 85 Fox A 95'% 94V* 95 94V* Gold Dust 62 s * 61% 62 61 Giidden 60% 59% 59 Vi 58% Int Harvester ..135 133 134 133 Kelvlnator 15% 15% 15% 15% Lambert 138% 137V* 138% 134*/* Loews 60 % 60% 60 V* 60% May Stores 81 s * 80% 81% 81 % Kolster 27% 27V* 27V* 27% Montgom Ward 131 129 130V* 128% Natl R C 132 129 132 126 Radio Keith 36% 35% 36% 35% Owens Bottle 77 V* Radio Corp ....109% 104% 109% 102'* Real Silk 76 76 76 75 Rem Rand 49 48Vi 49 40 Sears Roebuck ..168 165 167 164 Union Carbide .131% 129% 130% 130 Warner Bros 58% Un Air Craft ..130 128 128% 128 Unlv Pipe 8% 8% 8% 8%

Business and Finance

The Spartan Aircraft Company of Tulsa, Okla., Inaugurating a sales campaign, has turned to automobile dealers and distributors to place Spartan airplanes on the narket. J. W. Brownlee of J. Brownlee, Inc., automobile dealers at Shreveport, La., has been added to the sales department. Brownlee, who is not a pilot, will tour the south placing Spartan agencies with automobile distributors. The company, a subsidiary of the Skelly Oil Company, will also put planes in the dealer’s display windows. August sales of raw silk futures on the National Raw Silk Exchange established anew high record, exceeding by 1.885 bales the previous high, established in May. The total sales were 22,990 bales, valued at approximately $14,943,500. Standard Dredging Company Is now actively working on eight different flood control operations for the United States government. R. A. Perry, president, announced today. These projects are along the Mississippi river between Baton Rouge on the south to a point 500 miles north. The contracts aggregate 30.121.000 cubic vards of work, and officials state thev will keep the company’s equipment along the river operating at full capacity for twelve months. New Investment trust stock financing in August was the largest ever recorded, representing 60 per cent of the total rolume of new security offerings for the month, according to the monthly Investment review compiled by the statistical department of Lawrence stern i Cos. investment bankers of Chicago and New York. Negotiations have been completed whereby United National Corporation, holding company for the United troop of corporations in the Paeifle northwest. will acquire a substantial Interest in Ferris and Hardgrove, an investment banking house with headquarter* in Spokane and offices in Seattle and Portland. _____ With the purpose of combining manu-

(By Thomson & McKinnon r

USCs It Pipe.. 31 30% 30% 29% U S Indus A1c0.204% 200 % 204 202 Worthington Pu. 103 101 102% 10$ Woolworth Cos .. 98% 97% 98% 97V* Utilities— .. Am Tel & Te1...293 291 291% 2*o Am Pr & Lt ....170 162 170 16L% Am For Power .167 162% 166% 159 Am Wat Wks ...181 176 181 1-3% Brkivn Manh T. 60% 60% 60% 59% Col GA E 94 92 93% 92 Consol Gas 176% 172% 178** 171% Elec Pow it Lt.. 77’* 74% 77% 74% Int T & T 143 140'* 141 139% Nor Am CO 175 170 174 170 Pac Light 125V* 120% 124% 121% Pub Serv N J ..122% 121 122% 119 So Cal Edison... 83% 82% 83% 83 Std Gas it E 1... 180 172 180 171 United Corp . ... 65% 64% 65% 64 s * utilities Power . 55% 54 s * 55 63% United G it Imp 53% West Union Te 1.227 226% 226'* 227% Shipping— Am Inti Corp .. 85% 84% 84% 84 Am Ship it Com ... 3% Atl Gulf it W X. 64 63 s , 63% 64% Inti Mer M pfd. 30 30 30 30% United Fruit 117 Foods— Am Sug Rfg .... 80% 80% 80% 80V* Am Beet Sugar.. 120 118 118 Beechnut Pkg ..83 83 83 California Pkg 79 Canada Dry .... 87 83% 87 87% Corn Products .110’* 108** 110 109% Cont Bak A 79'* Fleischmann Cos. 98% 98% 98% 101% Grand Union 24% Jewel Tea 69 69 69 69=4 Kraft Cheese ... 58 s * 58 58 56 s * Kroger 87 86% 86% 87 Loose Wiles .... 88 78% 82 75% Natl Biscuit 209% 206 207% 203 Natl Dairy 77% 77% 77% 76% Purity Bak 141% Postum Cos 71 70% 70% 70% Ward Baking B. 11 11 11 Ills Tobaccos— Am Sumatra ... 48% 4040% 39% Am Tob B 196'* 195*4 196'* 198 Con Cigars 68 68 68 General Cigar .. 67% 67% 67% 68 Lig it Meyers .. 94% 93 94% 92 Lorillard 24% 23% 23% 24% R J Reynolds ... 57 56 56=* 55% Tob Products B. 13% 13% 13% 13% United Cigar St. 15% 15 15 14% Schulte Ret Strs 39 33 39

Births Boys Myron and Francis Campbell. 721 Elm. Clarence and Blanche Tops. 5942 University. William and Lillian Denney, 1126 South Sherman drive. Jasper and Rose Scott. 918 Harlam. Charles and Roberta Reed, St. Vincent's hospital. Hugo and Sallie Wuelfing, St. Vincent's hospital. Fredrick and Marjorie Ropkev, St. Vincent’s hospital. Robert and Willie Johnson. 2067 Yandes. Louis and Effie Coffey. 544 Abbott. Charles and Vera Chaplin, 2132 Jefferson. Wheeler and Dorothy Harden. 2209 South Meridian. Paul and Sara Von Burg. 6174 Ralston. Ravmond and Hortense Williams, 1626 East, "Nineteenth. Fatrick and Alta McNeil. 933 Snruce. Delbert and Pearl White. 2131 Wendell. George and Ethel Burns, 922 West Nev Walter and Alzora Pence, 316 South Hamilton. . , Jess and Maude McCloud. 1225 Deloss. George and Ruth Anderson. 427 South Marion and Jessie Willis, 614 West Twenty-seventh. Girl* Howard and Louise Foltz. 3016 College. Charles and Ella Ketterman. St. Vincent’s hospital. , . Guss and 14/rn Vernick, 3450 East Twenty-sixth. „ .. Gilbert and Ruth Smith, 1208 North Rural. John and Grace Nackenhorst. 3020 South Pennsylvania. . Walter and Margaret Thomas, 1732 West Minnesota. . , , Joseph and Lucv Rasdall. 538 Bright. Elmer and Lillian Kissner. 317 Douglas. Oscar and Hazel Chinn, 4413 East Thirtieth.

Clifford Jackson, 32, 1448 Mil!, lobar pneumonia. R. Levi Robinson. 69. 528 North Senate, paralysis. , „ r . Clarence Edwin Dunlop. 54. 224 West Twenty-eighth, hepatic cirrhosis. Minnie G. Howery. 86. 16 Linweod. cerebral hemorrhage. Cora Viola Ramson. 18. city hospital, acute appendicitis. James A. Dovle. 55. St. Vincent’s hospital. empyema. Nora Kelly. 85. 415 Harlan, artertoSC Bobbv' Dullen. 8 months, city hospital, broncho pneumonia. Alonzo Hutchinson. 49. 1822 Northwestern. carcinoma. _ , „ . Luella May Dorsett. 49. 2248 North Harding. myocarditis. , Annie Altenbach. 69. 2205 North Gale, lethargic encephalitis. , Lela Judkins. 48. Methodist hospital, chronic myocarditis. Maurice Weslev Kiphart. 2 days, 1744 North Illinois, patent foramen ovale. James A. Doane, 50, 1303 Hoefgen, carcinoma. , .. , Charles H. Leauty, 31. St. Vincent s hospital. accidental. Fredrick Grayson. 9. city hospital, accidental. ... , , Lennie Viola Dobbs, 23. city hospital, diabetes mellitus. „ .. Wilmer F. Christian, 91. 404 North Alabama, angina pectoris. Marie Teresa Dela Curz, 10 months, St. Vincent’s hospital, malnutrition. Nina Oeschlager, 34. Long hospital, accidental.

Buiiding Permits

F. Lemsman, garage, 1952 Shelby. S2OO. A. Hauser, garage. 922 North Pershing, $250. F. F. Scherer, remodel. 26 Carson. $465. Schoen Morgan Company, dwelling, 5417 North Meridian. $50,000. T. F. Davidson, addition. 4340 Guilford, $350. Meyer Kiser building, repair, 128 East Washington. S4OO. W. Schier. dwelling and garage, 1218 North Keystone. $3,500. M. J. B. Kelly, station, Maryland and State. S6OO. Barskin Dry Goods Company, excavation, 1245 Oliver, $245. C. W. Eaton, garage. 5741 Washington boulevard. $250. M. Meinger. garags. 1024 Sterling. S2OO. J. M. Stephens, dwelling and garage, 1618 Berwick. $4,200. „ . _ , A. J. Blueher, addition, 38P1 East Thirteenth. $250. F. J. Lahr, addition, 204 East Fortyninth. S4OO. F. Fenstermacher. dwelling and garage, 1911 South Keystone, $1,750. E. H. Hudson, dwelling and garage, 5945 Crittenden. $6,250. . . C. Horning, reroof, 742 East Morris. $215. J. Karoleske, reroof, 905 North Concord. $230. E Shearer, foundation, 2946 North Temple, S6OO. Bomb Explodes in Germany LUNEBURG, Germany, Sept. 6. A bomb exploded here early today, greatly damaging the administration building and adjacent houses.

facturing and business activities in one suitable location, the Noma Electric Company with the Pilot Radio and Tube Company. has purchased the Everett, mills plant in Lawrence. Mass., and will be turning out its entire product there within the vear. .Joseph Block, president of the Noma Company announces. An automatic machine that plates silver on 60.000 knives every twelve hours has just been installed by the Ontario Manufacturlne Company. The machine was built especially for the company and speeds up production while giving more uniform resulls. A large saving is also made from reduced silver wastes. Earnings of the Automatic Musical Instrument Company are showing a sham increase as the result of the new selective automatic phonograph, that has Just been introduced, states an anelvsis prepared by the C. F. Mohr of Nr York. Chicago. St. Paul. Minneapolis and Cleveland. Neisner Brothers, Inc., operating a chain of variety stores, reports gross sales of 31,342,557 for August, against *785,166 for August. 1928. an increase of $557,391 or 70.9 per cent. Van Camp Packing Company declared the regular quarterly dividends of 31.62); on its prior preferred stock and cents on its preferred stock. Both dividends are parable Oct. 1 to stock of record. Sept. 21. Th September issue of the Reta.il Trade Bulletin of the Alexander Hamilton institute calls the attention of retailers to a’ New York state law. which went into effect Sent. 1. forbidding .be advertisement of merchandise in the clasaifled columns of newspapers, tinless this is used merchandise actually offered for sale by ,n----dlviduals. or unless the advertisement states it is offered by a dealer. Directors of Voet Manufacturing Corporation ha- c declared the regular quarterly dividend of 50 cents a share on the common stock, parable Oct. 1 to stockholders of record Sent. 14. Rising prices in copper were ■ indicated bv action leading producer*. Irving J. Louis, viee-pretridenl of the National Metal Exchange, reported at the close of today’s session. An Increase of *3,306.276.000. or 9 per cent, was registered m the aggregate market value of 100 representative common stocks In August, according 10/Jizier Jelke A Cos. This compares with an increase of *1.747.526 000 or 4.7 per cent. In July.

ARAB CHIEFS % WILL PROTEST BRITISHSTAND Demand Investigation in Palestine to Settle Cause of Trouble. BY JACOB SIMON United Press Staff Correspondent JERUSALEM, Sept. 6.—Fortyeight Arab chieftains, representing more than 1.000.000 tribesmen of Lake Gaza, Beisan, Palestine and Trans-Jordania, were drafting a memorandum of protest to the British colonial office today against the recent proclamations issued by the high commissioner of Palestine, Sir John Robert Chancellor. The chieftains met in the office of the supreme Moslem council Thursday night and criticised th* high commissioner for the manner in which he blamed Arabs for recent disturbances in Palestine and for tactics used by the British troops in quelling the disturbances. They hoped to induce the colonial office to send an investigating commission to Palestine with a view to settling the problem for once and all. The Arab leaders decided to solicit funds from the tribesmen of Palestine. trans-Jordania, Syria and other neighboring Arab countries to aid damaged Arab villages in Palestine. They resolved also to appoint a committee to draft a protest and to cable it u the permanent mandates committee at The Hague against the high commissioners’ declarations and proclamations. The committee also was instructed to send telegrams of thanks to the Arabs of Syria and Lebanon for the sympathy displayed during the recent troubles, and for co-operation with the Palestine Arabs. A delegation of two members will be sent to London to make representations to the colonial office. It was expected some time today printed proclamations of protest against the “unjustified stringency of the troops against the Arab villages, not guilty of participating in the riots" would be distributed throughout Palestine.

—Sept 6 Bid- Ask. •American Central L Ins C0....80U Belt RR & Yds Cos com 62% MS Belt R R & Yds Cos pfd.... 57% 61 Belt R R & Yds Cos pfd 108% Bobb's Merrill 34 36 Central Ind Power Cos pfd .... 92'’* 96 Circle Theater 109 Cities Serv Cos com 53 % ... Cities Serv Cos pfd 97% Citizens Gas Cos com 33 ... Citizens Gas Jo pfd 97% 101 Commonwealth L Cos pfd 100 Equitable Sec Cos com 45 ... Hook Drug Cos com 44% Horuff Shoe Corp com 15 17 Ind Hotel Cos Claypool c0m.... 125 Ind Hotel Cos pfd 109 ... Ind Serv Corp pfd 84 Indpls Gas Cos com 60 82% Indpls it Norwtn Tr Cos pfd.. 7 16 Indpls P & L pfd 102% ... Indpls Pu Wei L com... 51 Indpls St R R Cos pfd 28 30 Indpls Wa Cos pfd 99 101% Inter Pub Ser pr 11 pfd ....101 104 Inter Pub Serv 6s 89 92 Merchants Pub Util Cos pfd.. 96'% 103 Metro Loan Cos 97 101 Northern Ind Pub S G pfd 7s. 104 Northern Ind Pub S C pfd 8 96 101 Prog Laundrv Cos com 50 52% E Rauh it Sons Fert Cos pfd... 50 Rea! Silk Hosiery Cos pfd 98 ... Standard Oil of Ind 57 ... T H Indpls & Tr Cos pfd 7 T H Trac it L Cos Pfd 86 Union Title Cos com 81 ... V Camp Prod Cos Ist pfd 96 100 V Camp Prod Cos pfd 92 ... -Sales--15 Shares of Indps P it L pfd at 102% 10 Shares of Inter Pub Serv 6s 89 —Bonds— Bid. Aik. Belt R & S Y Cos 4a 85 Broad Ripple Trac Cos 5s 60 ... Cent Ind Gas Cos 5s 97 ... Central Ind Power Cos 6s 98 ... Chi S B it N Ind Rv Ist 55... .. ... Citizens Gas Cos 5s 89% ... Citizens Street Railroad 55.... 69 ... Garv St Rv Ist 5s 79 86 Home T & I of Ft Wayne 65...101 Indiana Hotel Cos 5s 100 • Ind Northern Trac Cos 55...... 4 5% Ind Railway and Light Cos ss. 97 ... Indiana Service Corp 5s • ••• Indpls Power and Light Cos ... 95 97 Indiana Union Trac Cos 5s .... 6% • Indpls Col it Trac 5s 98 100 Indianapolis Gas Cos 5s 98 ... Indpls & Martinsville T Cos ss. 17 ... Indbis No Trac Cos 5s 11 16 Indnls it W Trac Cos 5s 17 ... Indpls Street Rv 4s 51 84% Indpls U Ry 5s J 1965 A B 100 ... Indpls Trac it Terminal Cos 5s 93 95 Indpls Water Cos 5%s 1653... 100 ... Indpls Water Cos 5%f 1934..100 Indpls Water Cos lien it ref 53 92 ... Indpls Water Cos 4%s .. 91 98% Indpls Water Works Sec Cos 82 88 Indpls Water Cos 4%s 91 Interstate Fublic Service 4%5.. 85 Interstate Public Service C 6 5s 95 No Ind Pub Service Cos 5s 97 ... No Ind Telegh Cos 6s 1931 98 99% T H & E Trac Cos 5s 51 ... T H Trac and Light Cos 35.. 89 95% Union Trac of Ind Cos 6s 15 GOVERNMENT BONDS liberty Loan Ist 3%s 97.40 97.69 Liberty Loan Ist 4%s 98.84 99.04 Liberty Loan 4th 4*,s .... 98.74 98.94 U S Treasury 4s 106.40 106.60 U S Treasury 3%s )5 2 19 522 S9 U S Treasury 4%s 100.34 100.84 u S Treasury 3=/s 97.06 97.29

Deaths

fßy Thomson <fc McKinnon) NEW YORK, Sept. 6.—lt is unfortunate that we were not favored with specific reasons which prompted the forecast of dire consequence*, not cnly to the security markets, but by implication, to our business progress as well. Obviously a market collapse, comparable with the collapse of the Florida land boom, would hardly leave general industry untouched, and it would be illuminating to have either statistics or charts showing the slightest indication of even a moderate slowing up in business activity. Charts and statistics serve a very useful purpose if they are not accompanied by conclusions and guesses wholly at variance with the facts disclosed, and in this instance the record for correctness of this particular statistician is hardly such as to inspire confidence in his latest conclusion. Assuming that the market was technically entitled to a reaction, it seems to us that the hasty selling during the last hour Thursday probably accompli*hed in one brief period that which might well have been distributed over several weeks, and this prompts us to take the view that some recoveht is not at all improbable, particularly in view of the indifferent attitude unon the part of the Federal Reserve authorities toward the latest increase in loans. NEW YORK COFFEE RANGE High. Lo. Cles*. January }1 ?5 March {J 12 Mav IJ.7S IJ-T6 iJ-l? July .................. 12.92 12M 1J TO September 1 J| ILK December .... 13M la-7* itJa

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