Indianapolis Times, Volume 41, Number 120, Indianapolis, Marion County, 28 September 1929 — Page 13

SEPT. 28,1929

PRICES BEATEN. TO LOW LEVEL BY BEAR DRIVE Losses as High as 17 Points, Result From Smash in Stock Market.

Average Stock Prices

Average of twenty Industrials for Thursday was 355.95. off 398 Average of twenty rails was 178 18 off .23. Average of forty bonds was 92.20 un .02. NEW YORK, Sept. 27.—The stock market was a scene of near-riot today as millions cf dollars’ worth of holdings were dumped by traders. All along the list there were sharp price drops. Losses ranging up to 17 points were chalked up as the fourth hour closed and there was a downward sweep of the market. A few issues displayed individual strength, but buying operations in these shares were independent of the weakness. Standard Gas, Louisville Gas and Electric A, American Waterworks and Pacific Gas were about the only strong spots, all these issues selling at new record highs. Aside from strength in these issues, however, no group was spared in the downward movement and selling showed an utter lack of discrimination. Good shares as well as others rapidly were swept to lower levels. Columbia Carbon Topples Columbian Carbon, a tower of strength in recent sessions, was carried down precipitately and violent downswings occurred in Auburn Auto, Westlnghouse Electric, General Electric, Allied Chemical, Simmons Company, Johns Manville, American and Foreign Power and United States Steel. . All these shares showed losses at one time of more than seven to nearly fifteen points each. United States Steel was a particular target for bearish professionals gunning for weak spots. Steel was forced to another new low ground on the current movement below twelve points, and Bethlehem, Republic Iron and other leaders quickly broke through support levels. Selling was resumed in Radio, while motors continued under the influence of extensive long liquidation, many breaking to new lows for the current year. Losses in the general market were not as active as those in the leaders and the market as a whole was not unusually active. Little Pool Support The relative quietness in the general market was attributed to the fact that many large operators have withdrawn, having sold their holdings during the violent bull swing of last August. They were generally on the side lines waiting for an opportunity to replace. Apparently prices were not low enough, however, as little support was uncovered in speculative leaders on declines. Buying mostly represented short covering and large interests were disposed to let the market fc'low its own course. This disposition accounted for the lack of pool support. Close at Low Levels Closing prices were approximately the low levels of the year and showed violent declines from the previous closing levels. United States Steel ended at 226 off 6%: Consolidated Gas at 156, off BVt; American Can 166, off 8 1 ::; Radio 854. off 44; New York Central, ex-dividend, 223. off 74; Columbia

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New York Stocks (By Thomsen A McKinnon) 1 1,1 1

—Bept. 27 Railroads— Ptv. High. Low. Close. Cloae. Atchison 272 267% 267% 272 Atl Cout Line . 191 190 190 191 Belt & Ohio 135 131 123 13*% Canadian Pac . 223 221% 222 225 Chesa A Ohio . 257 255 256 259 Chesa Corp 81% 80 80 *l4 Chi 6c N West .. 96% 95% 95% 97% Chi Or Weat ... 16% 18% 16% 16% C R I A P ....134% 133 Va 135% . Del A Hudson.. .208 % 208 208 212 Del * Lacka ...153% 150% 151 151% Erie 84% 82% 82% 8% Erie Ist pfd .... 61 60% 0% 61 Grt Nor 115% 115 115 115% Gulf Mob 6c Oil. 4040 40 111 Centra! 140 137% 133 139 Lehigh Valley .. 55% 84% 84% 88% Kan City South 97% 97 97 98 Lou 6c Nath ....149 148 Vi 149 150 Minn 8 L 2% 2% 2% ... MK6c T 55 53% 53% 54% Mo Pae pfd ...137 135% 135% 136% N Y Central .. .229% 22J 223 332% N Y C 6c St. L.. 179 177 177 181 NY NH & H 122% 121 % 121% 122% Nor Pacific 106% 103 103 105 Norfolk 6c West. 265 262 265 268 O6c W 23 21 Vi 21% 22% Pennsylvania ...101% 99% 101 Va 101% P 6c W Va 140 Vi 138% 136% ... Reading 121 125% 125% 129% Seab'd Air L .... 17% 15% 16% 16% Southern Ry ...156 156 165 J®!?* Southern Pac ...144% 143% 141% 45,? St. Paul 38 37% 27% *•' 4 St Paul pfd .... 61% M% 59% 92 St L6c 8 W ... 89% 88% 89% 90% St L 6c S F ... 128 125% 125% 126% Texas 6c Pac ...151% 151 151 Union Pacific ...272 268 269 270% West Maryland. 40 39 38 40% Wabash 65 64% 64% ... West Pac 34 Alax 3% 3% 2% 1% Fisk: . . 7 Goodrich* 71 71% Goodyear 104*4 08Va 100 105 ue ly :. Bpßfl .‘ 1 ..:::. ** ,§% United Btates... 54% 52% 52% 54% aSPcSSTaW. • 95% 95 95 96% Am Locomotive. .115 Vs 114 114 116 Am Alr*Brake 8h 56 55% 55% 56% Geenral* C El 8 c P .369 357% 357% 370% ii& l&f Pre!sed lr 3U‘Car 15% 15% 15% 16 Westlngh Air B 60% 59% 59% 61 Westingh Elec . .24lVa 3321a 233V* 244,* Am t Rit161115....129% 129 128% }% Bethlehem 11®} *ls /a l iJ 4 B?ictSfe° rU . ..V.107 104 2 104% 107 Gulf States Sti.. fl'/a % MV* Inland Steel ... 98 97 97 #• Rep Iron 6c StV.-.133'/, 127 128 134% Ludlum 94 #34 SJ k oiyv U S Steel 232% 323 % 226 232^ Alloy 58% 54% 55 54% Warren Fdy 17 17 17 17 Vanadium Corp.. 88 83% 84% 88 4 Am Bosch Mag .70 68% 68% 71 Briggs 26Vi 33% 25% 37 Broclcway Mot.. 34% 34V* 34/* 34/* Chrysler Corp.. 61 Vs 58 58% 17 Eaton Axle 58 56% 56% 57% Graham Paige.. 19 18Vs 18% 18/• Borg Warner .. 70 68 % 68% 73 Gabriel Snubbrs 18 16% 16% 17 ,* General Motors.. 68% 67 87% 69 Elec Stor Bat.. 88 88 88 89% Hudson 78% 70% 78% 79% Hayes Body Cor 26% 34% 25% 28% Hupp 41% 41 41 42% Auburn 455 444 445 <6* Mack Trucks... 97% 94% 94% 98% Marmon 56% 53 54 53 Reo 18% 18% 18% 19 Gardner 8% 8% 8% 8 1 Motor Wheel .. 40V. 4040 40% Nash 79% 78% 78 79 Packard 37% 36% 28% 27% Peerless 9 8% 8% 9 Pierce Arrow.... 31% 31% 31% 31% Studebaker Cor 65% 64 M 67V* Stew Warner .. 63% 60% 60% 71% Timken Bear ..115 116% 113 115% Willys-Overland. 19% 18 18% 18% Yellow Coach... 30V* 29% 39V, 30% White Motor 45% 44% 44% 46

Graphophone 55%, off 6; Westinghouse Electric 233%, off 11%; United Aircraft 100%, off 4%, and General Electric 357%, off 12%. Other declines were proportionate with the entire list showing wide declines. Standard Gas and a few other utility shares were able to show small advances. Pullman was strong In the equipments. The average price of 30 industrials declined 9.25 points to 346.70. according to Dow-Jones preliminary averages, while the railroad compilation lost 2.22 points to 175.94. Sales were not heavy, however, totaling only 4,591.590 shares, against 4.003.860 shares in the previous session. General Motors continued heavy, losing 1% points to 67%, while Hudson declined 2 points to 76%. Chrysler lost a like amount to 58%. Kennecott lost 3% points to 82; Montgomery Ward 4% points to 120%; American Telephone 8% points to 29175; Sears-Roebuck 3% points to 158%; Vanadium 5 points to 83%, and Greene-Cananea 6 points to 175.

Mining— Am Smlt A Rfg 11* 11} 111 116 Am Metals .... 71% I}% 73% 74 Andes 84 U 53_ 54% Am Zinc 31% 20 20W 31% Anaconda Cop .130 115% 115% 133 Calumet dr ArU 135% 135 155 135 Calumet dr Hecla 43% 41% 41% 43 Cerro de Pasco.. 94 93 93 93% Granby Corp ... 87% 86 8* 88% Greene Can Cop 180 175 175 Gt Nor 0re.... 29% 39% 29% 30 Inspratlon Cop.. 42% 41% 41% 42% Howe Sound >3 63% 63 83 Int Nickel 58 55% 55% 58% Kennecott Cop.. 84% 82% 83% 85% Magma Cop .... 68% 88% 68% 68% Miami Copper... 42 41 41 41% Nev Cons 45% 44% 44% 45% Texas Oul Sul.. 68% 68 88 08% St Joj 88 84% 65% 81% U 8 Smelt 50 (HUAI lan tic Rfg.... 61% 50% 56% 60% Barnsdall (A) .. 34% 14% 34% 34% Freeport-Texas.. 44% US U% 45% Houston Oil ... 94% 88% 00% 75 Indp Oil dr Oas 31 30% 30% 31 Cont'l Oil 32% 23 33 33 Mld-Cont Petrol 33% 31% 32% 33% Lego Oil dr Tr. 30S 30 30 Pan-Am Pev B. 61V, 61% 63V* 63 Phillips Petrol. 38% 38 V. 38% 39 Prairie OH 54% 54 34 55 Union of Cal ... 91% 51% 53% 53% ralne Pipe .... 6i% 60% 80% 60% Pure Oil 26% >6% 36% 26% Royal Dutch ... 59% 50V* 58% 59% Richfield 39% 18% 39% 19 Vs Bhell ... 36% 30% 36% 37 Simms Petrol ... 31% Sinclair Ol! ... 36% 34% 34% 35% Skelly OH ..... 40% 40% 40% 40V, std OH Cal .... 53% 53% 53% 75 t.d Oii KJ 74V, 73% 72V, 75% Bid OH N Y ... 41% U% 43S 44% Tidewater 18% 18% 11% 18% Texas Corp ... 66% 65% 65% 66% Texas CA O ... 15% 15 15 15V* Transcontl .... 11% IJ% u% 12% White Eagle ... 15 34% 34% ... Industrials— Adv Rumley ... .37 35% IT 33 Allis Chalmers 325 317 317 Allied Chemical 72% 73 73 % 327 A M Byers 148% 152% 102 V, Armour A 11 10% ie% 11 Amer Can 173% 166% 166% 174% Alleghaney Corp 51 49V. 49% 5i% Am Safety Rat. 65% 64V, 64% 65% Am Ice 49 48 48 44% Am Wool 16% 16 16 16V, Assd Dry Goods 53 51% 51% $3 gon Alum 11l UO% 110% 114% Coca Cola 148% 146% 141% 140% Conti Can 69 86% 66% 90 Certain teed 37% 26% 38V, 37% Croalev 61% 94 94 86 Cengoleum 15% 24 34% 34% Curtiss W 20 19% 19% 30% Davidson Chem 52% 51% 91% SI Du Pont 196 193% 103% 300 Famous Players 73% 71% 71% 74% Gen Asphalt ... 61 % 01 *1 931/, Pox A 99% 90% il 69% Gold Dust 87V, 69 65 67% GUddan ........ 85% 54% 54% 66% Int Harvester... 120 117% 118% 120 V* Kelvinator .... 14 11% 15% n% Lambert 13 3% 130*2 130% Is 4 Link Belt 9 f?ews 99 |% 64% 89% May Stores .... 95% 81% 99% 05V, Holster 27% 38% 36 27 Montgom Ward. 129 130% 130% 136 Nat C R 138% 133 13* 13714 Radio Keith ... 36% 35% 35% 37 Owens Bottle ... 98 86 85 86 §<bo Corp .... 89 84% 81% 90 Real Silk 73 70% 71 71 Rem Rand 47% 4dV, 46% 47% Sears-Roebuek .161 158% 158 V, 163 Union Carablds 136% 132 133% 130% Warner Bros .. 56% 64 54 96% !./V“ n vAi in >si io i;i all ii!s M woolwortlt Cos .100 97% 98% 99% Utilities— Am Tel & Tel.39} 291% 291% 300 Am Pr A Lt. . .103 167% 161% 169% Am For Power 193% 171 173% 183% Am Wat Wk5.,,188 193 193 185 Brklyn Manh T. 65 64 08 64% Col O dt K 195% 134S 134% 130 Consol Gas 163% 155% 155% 184% Elec Pow A Lt. 79% 69% 70 77% Int T dt T 130% 135% 130% 131 V, Nor Am Cos 171% 108% 188% 170% Pac tight 140% 137% 141 139% Pub Serv N J... 129% 134% 134% 130 So Cal Edison.. 09% 86% 90% 87 Std Gas A E1...343 319 938 319 United Corp.... 71% 68% 69Vi 73% Utilities Power. 53% 35 S3 54 United G A Imp 58*4 53% 53% 56% West Union Tel 331% 312% 312% 330 Shlpsinr— Am Inti Corp... 81*4 86% 86% 90% Am Ship A Com 2% 2% 3% 5% Alt aulf A W I 83% 80 % 80 V, 83*4 Inti Mer M pfd 35 14% 34% 36% United Fruit ...118% 117% 117% 119 Feeds— Am Sug Rfg 78% 77% 77% ... Beechnut Pkg.. 89 87 89 87 Call! Pk* 80% 78% 80% ... Canada Dry.... 89 86< 86% 88% Corn Products .11}% 111% 113 114% Cont Bak A.... 76 74% 74% 76’, Cuban Am Sug 12% 13 13% 13% Plelsehmann Cos 99 Grand Union... 35 3$ 35 35*/, Grand Un Pfd.. 44% 44% 44% ... Jewel Tea 95 64% 04% 00% Kraft Cheese... 08 04 64 00% &o°£W. :::: M V& ?§$ ?k Natl Biscuit ...317% 209 % 313% 314 Natl Dairy 76% 74% 74% 78% Oen Pood 88% 64% 64% 65% Stand Brand 38% 38% 36% ... Baking B 9% 9 9 9Vi Am°Sumtra" ... 41% 40% 40% 43% Am Tob B 175% 173*% 173% 176 4 Con Cigars 02% 62% 62% 52% General Cigar 68 u ftxte-B§ s 8$ s mtf r sSBB Hi Hi 153

Local Wagon Wheat

City grsln lvtar* *re paying *l.lß tor No. 2 red wheat and *1.13 lor No. 3 hard wheat.

THE INDIANAPOLIS TIMES

WHEAT PRICES HIT SLUMP ON EXPORTGLOOM Corn Reaches New High in Early Hours, Then Makes Bad Break. BY WM, P. fITKENNA United Press Staff Correteondent CHICAGO, Sept. 27.—Discouraging report* in regard to export trade put wheat prices sharply lower in the reactionary market today. A Liverpool advice stating hard winter wheat was selling 7 cents below Chicago December was taken to indicate there is little hope of moving much of North America’s burdensome supplies at present levels. September com reached anew high for the movement and then broke badly with the other months. Oats lost heavily before the close. At the close wheat was 1% to 2Vs cents lower, com was off % to 1% cents, and oats were & I*4 cents lower. Provisions were sharply lower. Rains over the wheat-growing areas of the southern hemisphere and lack of storage accommodations in the United Kingdom, turned the Liverpool trade considerably lower for a time today and brought pressure on the Chicago market. December wheat was offered in liberal quantites during the morning and the tone remained generally heavy in spite of more encouraging cable news after mid-session. Australian wheat was estimated 60,000,000 bushels less than last year. Cash prices were Vi to 1 cent lower Receipts were 40 cars. Offerings of corn were moderate and buying was fair most of the session, but in wheat only the September showed strength, and all gains in this month were lost for a time before mid-day. Weather still is rather unfavorable for maturing the crop. Cash prices were unchanged. Receipts were 140 cars. Oats were without any special feature and followed the action of com in a narrow range. Cash prices were unchanged. Receipts were 64 cars.

Chicago Grain Table —Sept. 27 WHEAT— Prey. Open. Hich. Low. Close, close. Sept.. 1.30 1.30% 1.28% 1.28% 1.30% Dec... 1.36% 1.37% 1.35% 1.35% 1.37 V, Mar.. 1.43% 1.43% 1.41% 1.41% 1.43% May.. 1.46% 1.47% 1.45V* 1.45% 1.47% CORN— Sept.. 1.02 1.02 1.00 1.00 1.01% Dec... .97% .98% .96% .96% .97% Mar.. 1.02% 1.02% 1.01% 1.01% 1.02% May.. 1.04% 1.05% 1.03% 1.03% 1.04% OATS— Sept.. .53% .53% .53% .53% .53% Dee... .54% .54% .53% .53% .54% Mar.. .57% .57% .56% .56% .57% Mnv.. .58% .58% .57% .57% .58% RYE—sept.. 1.04 1.04% 1.03 1.03 1.04% Dec... 1.10 1.10% 1.09 1.00 1.11 V, Mar.. 1.15% 1.15% 1.14V* 1.14V* 1.15% Mev.. 1.17% 1.17% 1.16% 1.16% 1.17% LARD— Sept.. 11.12 nominal 11.12 11.22 Oct... 1.15 11.22 11.02 11.10 11.20 Dec.. 11.45 11.45 11.30 11.35 11.42 Jan.. 11.95 11.97 11.87 11.87 11.95 Sept., no sales 11.50 11.50 Oct., no tales 11.50 11.50 BELLIES— Sept.. 11.90 nominal 11.50 11.70 Oct.. 11.65 nominal 11.65 11.70 B (/ Timet Kperinl CHICAGO. Sept. 37.—Carlots: Wheat. 71: corn. 173: oats. 48: rye. 2. By United Prett TOLEDO. Ohio. Sept. 27.—Cash grain market close: Wheat —No. 2 red. 81.31V*® 1.32%. Com—No. 2 yellow. *1.0501.06. Rve—No. 2. *1.05. Oats—No. 2 white, old. 57%050%e: No. 2 white, new. 53%0:54%e. Bariev—No. i. 70c. Clover—Domestic, cash old. *11.95: cash. new. *11.95: October. *l2: December. *12.20: December, choice. *12.70; Imported, cash. old. *ll. Timothy—Cash old. *2.60: cash. new. *2.80: December. *2.95: March. *3.:0. Alsike—Cash. new. *lO 95- October. *10.95: December. *11.15. Butter—47®sle. Eggs—36o4oc. Hay—*l.2o cwt. By United Prett CHICAGO, Sept. 27.—Cash grain close: Wheat—Hard No. 2. *1.29®1.30: No. 3. *1.27%. mixed No. 2. *1.29; yellow, hard No. 2. $1.29%(f?1.29%: No. 3. Si.3B. Corn— Mixed NO. 2. *1.00%®1.01; No. 3. *l® 1.00%: No. 6, 99%c; yellow. No. 1, *1.00% ®1.01%: No. 3, *101.01%; No. 3. *1: No. 4, *1: No. 5. *1: white. No. 2. *1.05® *1.01%: sample grade, 93 0 95c. Oats—No. 3. 52®53%e; No. 3. 51®51%e: sample grade, 49%C. Rve—No. 1. *1.05%. Barley —63068 c. Timothy—*4.so®s.3o. Clover—*l3®2o. i Timet Special CHICAGO. Beot. 27.—Primary receipts: Wheat. 1.826,000, against 3,455,000; corn, 805.000. against 628.000: oats. 491.000. against 481.000. Shipments: Wheat. 1.054.000. against 1.171,000: corn, 493.000. against 366,000: oats. 279.000. against 334.000.

Cash Grain

—Sept. 27 The bids for ear lots of grain at the call of the Indianapolis Board of Trade. I. o. b. shlping point, basts 41%e New York rate, were: Wheat—Firm: No. 2 red, 81.32® 1.24; No. 2 hard. *[email protected]. Porn —Firm: No. 2. 94®95c; No. 3 white. 93094 c: No. 2 yellow. 93®94e: No. 3 yellow. 83093 c: No. 2 mixed, 91%®92%; No. 3 mixed. 90%®91%c. Oats Steady: No. 3 white, 46®47c; No. 3 white. 45046 c. Hav—Steady: No. 1 timothy. *15.50® 16; No. 2 timothy. *15015.50; No. 1 light clover mixed, *14.50015. —lnspections Wheat—No. 3 red. 1 ear: No. 4 red. 1 ear: No. 5 red. 1 car; No. 3 mixed, 1 ear. Total. 4 ears. Corn—No. 1 white. 5 ears: No. 2 white. 5 ears: No. ! yellow. 7 cars; No. 2 yellow. 9 cars; No. 3 yellow. 2 cars: No. 5 yellow. 1 car. Total, 29 cars. Oats—No. 2 white, 8 cars: No. 3 white. 1 ear: No. 4 white, 1 car; No.l mixed, 1 ear. Total. 11 cars.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Friday. Sept. 37. $3,706,000: debits, $7,342,000. CHICAGO STATEMENT Bv Vnited Pre ** CHICAGO. Sept. 27. Bank clearings, $132,100,000; balances. $8,700,000. NEW YORK STATEMENT 9v Vnited Press NEW YORK. Sept. 27. —Bank clearings. $1,870,000,000: clearing house balance. $225,000,000: federal reserve bank credit balance. $185,000,000. TREASURY STATEMENT Bv Vnited Peru* WASHINGTON. Sept. 37.—Treasury net balance on Sept. 25 was $408,077,205.28; customs receipts for the month to the same totaled $41,343,633.27. FOREIGN EXCHANGE By Vnited Press NEW YORK. Sept. 27.—Foreign exchange closed Irregular. Sterling. $4.8415 1-15; francs. 3.91%e, up .00 1-lSc; lira. 6.23%e; belga. 13.914 c. off .00<*e; imli, 23.824 c. up .00He. New York Liberty Bonds —Sept. 27Close. P. close. 34s 97.10 97.11 Ist 44s 98.12 98.13 4th 4Hs 98.14 98.18 Tr 44s 1952 108.14 108.13 Tr 4s 1954 103.20 102.14 Tr 34s 100.4 100.2 Tr SHs 1947 97.00 97.2 Tr 3Hs 1943 97.3 NEW YORK COFFEE RANGE —Sept. 27 High. Low. Close. January 13.43 13.43 13.43 March 13.05 13 05 13.05 Key 13.75 12.74 12.75 July 12 54 13.50 12.50 September 13.35 13.34 12.24 December 11.70 ius IMI

On Commission Row

FRUITS Apples—Choice, 82C2.35: Wealthy, 83.50; Malden Blush, *2.7503: Jonathans. 82.75; Grimes Golden. *2.75; New York Duchess. 52.2532.50; Gravesteln. 13; Wolf River, S3 60. Cranberries —*4 a 25 lb. box: 87.50 a 50 lb. box. Grapes California seedless. 82 25 a erate: Malagas. 82 a crate; Tokavi. *2.25. Lemons —California, a crate. *l3. Llmet--Jamacla, 52.25&3 Oranges—California Valencia. 83.7538 Peaches—New York *3.50 a bu. Plums —33.75: Idaho. 16-lb. caie. 81. VEGETABLES Beans—Green, stringless, 32.50. Beets—Home-grown, doz.. 40c Carrots—Home-grown, doz.. 50c. Cabbage—33.so a parrel. Cantaloupes Flats. 31.2531.50: Colorado 32.25: Tiptop*, barrels. 34.50; Jumbo 31.50. Cauliflower —Washington, era'j, 33.75. Corn-Home-grown. 25330 c a dozen. Cucumbers—Hothouse, a dozen. 31.25 Eggplant—3l.so32 a dozen; 3292.25 a hamper Kale—Spring, a bushel. 81 Lettuce—California Iceberg. 35.50 a crate; home-grown leaf, a busnel. 81. Mustard—A bushel. 31 Onions—lndiana yellows. 32.75 a 100-lb Dag. Parsley—Home-grown, dor bunches. 45c Peas—Colorado, 36 a crate. Peppers—Home-grown, 31.50 a bushel. Potatoes—Wisconsin and Minnesota white. 34.75(35 a 160-lb. bag: Red River Ohlos. 130-lb.. 33.50. Radishes—Eutton. hothouse, dozen 50c Southern, long red 151325 c doz. Sweet Potatoes—Virginia Jerseys, 34.50 a barrel; 32 a bushel. Tomatoes Home-grown. a bushel 31.35: 15-lb. basket, 50c. Watermelons—lndiana. 40065 c each

In the Stock Market

(By Thomson & McKinnon) NEW YORK. Sept. 27.—A1l types of securities participated today In the liquidation which swept over the market, as a result of the latest increase In brokers loans with not only the rank and file of securities unde rpressure but most of the highest type of investment issues lately so much In demand, breaking old resistance points under the heavy volume of sales. Short covering sufficed at times to check the declines and to cause occasional moderate rallies but at no time was it sufficient to definitely reverse the trend, nor give any Indication that liquidation had run Its course. The loan Increase being the sixth consecutive one and coming as it did as a complete surprise, takes precedence over all other market Influences In the matter of Importance. Heretofore. Judging from the markets response, little attention has been given them, but the fact was brought home today very forcibly that they cannot continue indeflnitelv without adverse results both to the market and the credit situation. That the latest Increase was supplied by other than banking sources does not greatly alter the matter, nor relieve entirely the burden placed upon financial Institutions. Granting that the reserve Is doing all In its power to ease commercial credits, its task is made doubly hard by security loan demands, concisely illustrated by a rate of 9% per cent for all maturities of time funds. Giving full recogntlon to domestic credit conditions and coupling them with the credit unrest abroad, we feel we are fullv Justified In continuing our suggestion to reduce speculative holdings.

Produce Markets

Butter (wholesale) —No. 1, 49®50c: No. 2. 47(3480. Butterfat—l7e. Cheese (wholesale selling price per poundi—American loaf, 35c; pimento loaf. 37e: Wisconsin firsts. 27e: Longhorn. 26c; New York limnerger. 30c. Strictly fresh egg*, loss off, delivered In Indianapolis, 36c. Poultry (buying prices) Hens, 23c: springers, 24c: Leghorn springers. 20c: Leghorn hens. 20c: 1929 Leghorn broilers, 1% to 2 lbs.. 24c; old roosters, large. 12® 15c: small. 10® 15c: ducks, 12c; small, 10® 12c; spring guineas, 30c; turkeys. No. 1 young toms. 35c: No. 1 old toms. 32®23c; No. 2 old hens. 25@80c. By United Prett CHICAGO. Sept. 27. Eggs—Market, steady; receipts. 5.780 cases; extra firsts, 39040 c; firsts. 38%c: ordinaries. 33035 c: seconds. 24030 c. Butter —Market, steady; receipts. 7 483 tubs: extras, 45c: extra firsts. 43®44c: firsts. 40%@42e: seconds. 38®39c: standards. 44c. Poultry—Market, steady; receipts. 1 car: fowls. 27c: springers. 22%®24e: Leghorns. 20c; ducks. 18®; 22c: geese. 20c: turkeys 28®30c: roosters 31c: broilers. 26c. Cheese—Twins. 22%@ 22%c; young Americas. 24%e. Potatoes — On track. 354: arrivals, 141: Shipments. 1 097: market, weaker: Wisconsin sacked round whites. *2.45®2.70: Minnesota and North Dakota Round Whites. $2.20®2.50; early Ohlos. *2.2002.30: Idaho sacked russets $2.75. By United Prett NEW YORK. Sept. 27.—Flour—Firm and higher: spring patents. *6.85 0 7.10. Pork —Steady; mess. *30.50. Lard Steady; middle west spot, $11.70®11.80. Tallow— Firm: special to extra, 6V 4 ®B%c. Potatoes —Quiet and weak; Long Island. *2.25® 6.25; Jersey, *1.74®4.75; Maine. *4® 5.10. Sweet Totatoes —Weak: southern baskets. *l® .25; southern bbls.. *202 50; Jersey. 75c @1.75. Dressed poultry—Steady to firm; turkeys, 30060 c; chickens, 25@41e: fowls, 20@36e: ducks, 18@23e; ducks. 20@25c. Live poultry—Dull and weak: geese, 13® 20c; ducks. 16@28c; fowls. 22@32c: turkeys, 40%45c; rosters. 17®18e; chickens. 22®32c: broilers. 28@34c. Cheese—Steady; state whole milk, fancy to special, 27%@ 29 %c; young Americas, 24%@28e. By United Press CLEVELAND. 0.. Sept. 27.—Butter—Extras. 49c: extra firsts. 44c: seconds. 43e. Eggs—Extras. 4Se: firsts. 39c; ordinaries. 30c. Poultry—Fowls. 39@30c: broilers. 28@ 30c: Leghorn. 20®23e: Leghorn broilers, 25020 c; soring ducks. 22025 c; old cocks 17016 c. Potatoes—Ohio. 150-lb. sack. *4.15 ®4.25: Maine, green mt.. 110-lb. sack, *2.25 @4.35: Idaho russet. 50-lb. sack. *4: Wisconsin. 100-lb. sack. *2.8502.90. By United prett CHICAGO Sept. C7.—Apples. *1.75 to *2.50 per bushel.

New York Curb Market —Sept. 27 Allied Power 77% Am Super Power (A) 55% Am Gas 202 Vs Assoc Gas 70 Vs Aviation Corp 35 Ark Gas 34 Commonwealth 23% Cities Service 59% Conti Oil 19% Durant 8 Elec Bond A Share 17% Elec Inves 279% Fan Steel ' 19% Ford ol Canada (A) 39% Ford of England l7*/o -Fox Theatre 27% Fokker a 4i% General'Baking (A) 6*/s Goldman Sachs 110 General Electric Eng 13 Gulf Oil 187% Generality 13 % Hudson Bay 16% Humble Oil 117% Imp Oil 36% Inr Pipe 29% Int Pete 25% Mount Prod 11% Mid West (new) 48 Newmont 222 N Am Aviation 10% Normanda 54% Ohio Oil 78 Penroad 23% Pantepec 4% Std Oil Ind 54 Std Oil Kan 24% Std Oil Ky 44% Stutz Motor 12 Trans Cont A T 14% United L A P (A) 55% United Verde E 16% Vacuum Oil 121 % Walgreen 88

Marriage Licenses Dean Bvus. 32. of 4948 West Fifteenth, chemist and Susannah Hendrick. 22. of 4954 West Fifteenth, clerk. Victor P. Powers. 21. of 3226 Hovey. salesman, and Rosalie M. Bundy. 18. of 2180 Ashland, clerk. Bernard C. Smith. 28. of Los Angeles, machinist, and Catherine Harmon 27. of 2358 North Talbott. Edward A. Potts. 25. of Coal City. 111., mechanic, and Frances White. 19. of 653 Mary. Ralph O. Oraham. 40. 2808 Cornell, machinist. and Lillian M. Griswold. 32. of 2618 Cornell, cashier. Births Glrle Harold and Thelma Justus. 947 High. Everett and Ethel Poole, 1917 Howard. Bays Lee and Anna Bryan. 1625 Tabor. Herman and Catherine Haldeman. 2842 North Olnev. Joseph and Elsie Sutton. 925 West Twen-ty-ninth. Harry and Anna Webber. *O4 North Treraont. Deaths Benjamin Goukcr. 15. Riley hespltal. mitral insufficiency. Zaek Jordon. 58. 3914 East Twentyfourth uremia. Jacob J. Maag. 73. 2183 Bouth Delaware, diabetes mellltu*. Rollln Ketterman .29. city hospital, accidental. Victoria Huls. 71. Methodist hospital, chronic myocarditis. Elmer McCleerv. 47. city hospital, lobar pneumonia. Hiram C, Cummins 83 . 3043 Moore, arteriosclerosis. Alma Kesterson. 62. I*o9 University Court, mitral insufficiency. Charles Pitman. 72. 1902 North Alabama, aacute nephritis. Infant Pa*reels. St. Vincent's hospital, premature birth. „ _ Ed J. Horton. 67. Addison and West Washington. mqsisßl.

HOG PRICES UP 15 TO 35 CENTS AT LOCAL PENS Cattle Scarce and Steady; Lambs Lower at sl3 Down. Sept Bulk. Top. Receipts 20. 310.90® 11.15 311 15 6,000 21. 10.90(311.25 11.35 4.500 23. 10.90(311.25 11.35 0.000 24 10.90011.35 11.35 6.000 25. 10.30(3U1.00 11.00 7,500 26. 10.00® 10.80 10.80 8,500 27. [email protected] 11.15 5,500 The hog market opened mostly 15 to 35 cents higher today at the city stockyards. The market, slow on closing, closed at mostly 20 cents up. The bulk, 150 to 280 pounds, were selling at $lO.lO to $11.15. Receipts, 5,500; holdovers, 1,169. Cattle scarce and steady selling at Thursday’s prices. Better grade of steers brought sl3 to sls. Sheep and lambs were 50 cents lower. Better grade of lambs sold at sl2 to sl3. Odds were $13.50. The bulk of fat ewes, $4 to $6. Chicago hog receipts were estimated at 16,000, including 4,000 directs; holdovers 10,000. The market 10 cents higher than Thursday's average. With a few loads of 180 to 210-pound weights, sold at SIO.BO to $10.90; occasional lo?d 250 to 260 pounds, were $10.15 to $10.30. Cattle receipts, 2,500; sheep, 15,000. Indianapolis livestock prices today: Hogs, 250 to 350 pounds, $9.55 to $10.65; 200 to 250 pounds, $10.50 to $11.05; 160 to 200 pounds, $11.05 to $11.15; 130 to 160 pounds, $10.40 to $10.90; 90 to 130 pounds, $9.15 to $10.15; packing sows, $8 to $9. Cattle receipts, 550; calf receipts, 550; market little changed; steers, $lO to $15.50; beef cows, $7 to $9.50; low cutter and cutter cows, $5 to $6.75; veals, sl7 to $18; bulk stock and feeder steers, $8 to sll. Sheep receipts, 700; market steady to 50 cents off; lambs, $13.50; bulk fat lambs, $8 to $10; bulk fat ewes, $4 to $6.

—Hogs— Receipts, 5,500; market, higher. 250-350 lbs $ 9.55010.65 200-250 lbs [email protected] 160-200 lbs 11.05011.15 130-160 lbs [email protected] 90-130 lbs 9.15®10.15 Packing sows B.oo® 9.00 -CattleReceipts, 550; market, steady. Beef steers *10.00015.50 Beef cows 7.00® 9.50 Low cutter and cutter cows . 5.00 0 6.75 Bulk stock and feeder steers.. [email protected] —Calves— Receipts, 550; market, steady. Best veals *17.00 018.00 Heavy calves 7.00 @12.50 —Sheep— Receipts, 700; market, steady. Top fat lambs *13.50 Bulk fat lambs B.oo® 10.00 Bulk cull lambs 8.50010.50 Bulk f*t ewes 4.00® 6.00 Other Livestock By United Press CHICAGO. Sept. 27.—Hogs—Receipts, 16,000, including 4,000 directs; mostly 10 to 15c higher; top, $11; bulk ol good to choice 160-250 lbs., *10.50® 10.90; 260-300 lbs., *[email protected]; packing sows, *8.25@9. Butchers, medium to choice, 250-350 lbs., *9.15010.55; 200-250 lbs., *10.15011; 160200 lbs., *10.15@11.; 130-160 lbs.. *9.50® 10.85; packing sows. [email protected]; pigs, medium to choice 90-130 lbs., [email protected]. Cattle—Receipts. 2,500; calves. 1,000; general trade very dull; lower grade steers and she stock predominating; such kinds semi-demoralized largely because of depressed trade on lower grades of dressed beef; most she stock being held over for next week's market; slaughter elasses, steers, good and choice, 1,300-1,500 lbs., sl3@ 16.75; 1,100-1,300 lbs.. $13016.75; 9501.100 lbs., sl3@ 16.75; common and medium 850 lbs. up, s9@ 13.25; fed yearlings, good and choice. 750-950 lbs., $ 13.25® 16.25; heifers, good and choice, 850 lbs. down. [email protected]; medium. $8013.50: cows, good and choice, $8.25011.25; common and. medium, 56.500 8 25; low cutter and cutter, $5.50®C.50; bulls, good and choice, $.75® 10.50; cutter to medium, $7®8.85: vealers, milk fed, good and choice, $13.50 @16.50; medium, sl2 ® 13.50; cull and common. *B® 12; Stocker and feeder steers *6. and cholpe all weights, *10.25@12; common and medium, [email protected]. Sheep —Receipts, 15,000; slow, fully 25c lower; fat native lambs. *12.50® 12.75; few choice sl3; unsold, fat ewes, s4@s; feeding lambs, quotable steady, lambs, good and choice, 92 lbs. down, S 12.25® 13.35; medium. *1075 @12.25; dull and common, *[email protected]; ewes, medium to choice 160 lbs. down. *405.50; cull and common, *[email protected]; feeder lambs, good and choice, $11.75® 13.

Bu Times Suecial _ LOUISVILLE. Ky.. Sept. 27.—Hogs—Receipts. 1.000: market. 10c hjtther; mediums and lights. 130 to 250 lbs.. $9.70® 10.70: extreme heavies. 230 lbs. up. Pi** - 130 lbs. down. $6.6007.85: stags and throwouts. $7.1007.70. Cattle— Receipts. 200: market steady; prime heavy steers. $11.50 013: heavy shipping steers. *^soflEl 1 .50. medium and plain steers. $8.5009.50, fat heifers. *7.50® 11.80: good to choice cows. $7.50® 9: medium to good eows s6® 7. cutters $5.5006: canners. $4.8005, bulls. S6O 8.30: feeders. $8.50®10.75: Stockers. $7.500 10.50. Calves Receipts. 200, market steadv: fancy calves. 518.50. good to choice $13015: medium to good. $10.50 ®l3: outs. $10.50 down. Sheep—Receipts. 200- market, steady; ewes and wethers. sl2: buck lambs. $11; seconds. *6O 7: sheep. $405. Thursdays shipments. Cattle. 92. calves. 104; hogs. 287: sheep. 114. 'PITTSBURGH, 6ept. 27.—Hogs Receipts. MSO; market mostly steady to 5c higher: 250-350 lbs., $9.75® 10.75; 200-250 lbs *10.50011.45; 160-200 lbs.. $11,150 1145; 130-160 lbs.. $10011.45; 90-130 lbs, *9.75® 10.50; packing sows. SB-50 09.25. Cattle— Receipts, none: calves 100, market steady; beef steers, $10013.25; light yearline steers and heifers, s9# 12.75. beef cows. $7.500 9; low cutter and cutter cows $507; vealers. *16019; heavy calves, *l2 0 17. Sheep— Receipts. 1.250; market weak to 25c lower: top fat lambs. $13.50; bulk fat lambs. *11013.50; bulk cull lambs. *8 010.50; bulk fat ewes, ss® 6.50; bulk feeder lambs, $7.50011.50. Bn United Press _ . „ „ EAST BUFFALO. N. Y.. Sept 27—Hogs —Receipts. 4,000; holdovers 1.200; market slow, weak to 10c lower; 250-350 lbs.. $10.25 @11; 200-250 lbs . $10.75011.35; 160-200 lbs., $11011.35; 130-160 lbs.. *10.75011.25; 90130 lbs.. $10.50011; packing sows. *8.75® 9.25. Cattle—Receipts. 600; market, active and steady; calves, receipts 500: market, firm; beef steers. *13015.25; light yearling Steers and heifers. $13.50016; beef cows, *[email protected]; low cutter and cutter cows, $4.5007.25; vealers, *18.50019, Sheep Receipts, 3.000: market slow, fat lambs 25 050 c lower, other steady: bulk fat lambs. *13013.50: bulk cull lambs, *8.5009.50; bulk fat ewes. *5.5006. Bu United Press CLEVELAND, 0.. Sent. 17.—Hogs—Receipts, 1.500; market weak. 25c iowe,. 250850 lbs.. $9.50® 10.75. 200-250 lbs.. *lo.lo® 11: 160-200 lbs.. $10.85® 11.10; 130-160 lbs.. *10.50® 11; 90-130 lbs., $10.35010.65; packing sows. *8.5009. Cattle—Receipts, 250. Calves—Receipts, 300; market, steady; beef steers. *9.10® 10.35; beef cows, *7 0 8.50: low cutter and ctuter cows. *5.25® 6.25; vealers. *1J.50 0 20. Sheep—Receipts. 1,200; market lambs. 25e low*r; sheep, steady: bulk fat lambs. *13.250.13.50; bulk fat ewes. ss®6. Bu Unit'd Press FT. WAYNE. Ind., Sept. 27.—Cattle—Receipts. 75; calves. 75; nogs. 300: sheep. 300; hog market 25e up: 90-110 lbs.. $8.75: 140-160 lbs.. *10.10: 160-180 lb*.. *10.60; 180-200 lbs., *10.75: 200-220 lbs., *10.85; 220-240 lbs.. *10.75; 240-280 lbs., $10.45; 260-280 lbs.. *10.16; 280-300 lbs.. *10: 300350 lbs., $9.65; roughs, sß.*s; stigs, *6; calves. *17.50; lambs. *11.75. Bu United Press TOLEDO. 0.. Sept. 27.—Hogs—Receipts. 1.200: market, steadv: heavies. *10010.50; mediums. *10.75; Yorkers. *10.50® 10.75: pigs. [email protected]. Cattle—Receipts. 400; market, steadv: calves light; market steadv; sheep and lambs, light; market slow. Bu United Press CINCINNATI. 0.. Sept. 27.—Hogs—market. 10 to 50c higher; 250-350 lbs.. *9.50 fi 10.60: 200-250 lbs.. *16.50011.20: 160-200 lbs.. *10.75011: 130-160 ibs.. *10.50010.75: 90-130 lbs.. *9010.50: packing sows. *8.25 ® 9.25. Cattle—Receipts. 675. Calves—Receipt* 325; market, steadv to 25c lower: beef steer*. *B® 14: light yearling steers and heifers. *8614; beef cows. *709: low cutter and cutter cows. *5.25 0 6.75: vealers. *14018: bulk stock and feeder steers. *BOIO. Sheep—Receipts. 800: market, steady; top. fat lambs. *13.50: bulk fst lambs. *l3@ 13.50: bulk cull lambs. s4@6; bulk fast ewes. 8403.50.

Business —and— Finance

Production of the Colin B. Kennedy Corporation, manufacturers of electric screen-gTid radio receiving sets at South Bend, Ind., will be increased to 500 sets daily by Oct. 1, Colin B. Kennedy, president of the company, announces. CHICAOO. S*pt. 37.—Am*rie*n , prosperity is bln reflected in * record-break-ing volume of new buttnea* and industrial construction during the flrat eight month* of 1929 totaling aporoxtmately *1.826.000. according to a nation-wide urvey Just made public by Young A Becker Company of Chicago, speelaliit* in real estate and corporate financing. , In addition to thle tremendous expenditure. exceeding the huge volume of this type of construction last year by 31 per cent, the survey estimated that another half billion would be spent on new office, store, theater, hotel, garage and factory buildings before the end of the vear. bringing the total to a figure In exoess of 32.250 000.000. With the completion of Dleter-Golay No. 1 Huntington Beach, the Richfield Oil Company of California has proven up 32 of Us 75 acres in this field for production in the upper Ashton zone, C. M. Tuller, president, announces. While the well was brought In for but 155 barrels of 22 degree gravity oil daily, this is considered a large and very valuable producer for this field where wells have a life of from eight to ten years without decreasing. Net earnings of the Sweets Company of America for the eight months ended Aag. 81, 1929. after all charges but before federal taxes, amounted to 878.208. an Increase of 34,178, or more than 5 nsr cent ever the cerre*pendlnr month* of 1928, Lewis L. Clarke, chairman *f the board, announces. Members of the New York Coffee & Sugar Exchange will vote Monday, Sent. 30, on a number of amendment* to the bylaws adopted by the board of managers for the creation of anew coffee contract, to be known as Contract r, covering mild coffees. John Burnham A Cos. today will offer 150,000 units of stock in the Burnham Trading Corporation which is the successor to the securities Trading Corporation organized by Burnham interests in 1921. Both the preferred and common Storks have teen listed for trading on the Chicago Stock Exchange. Boston Herald-Traveler reports net profits after all charges of 3968,884 for 1928 against 8950,955 for 1927. On the same basis, earnings for the first four months of 1929 were *682.58 whleh Is at the rate of 31,365,176 for the full year. The new addition to the Qardner-Den-ver Company plant at Quincy. 111., will be finished and ready for occupancy Dec. 1. The large amount of unfilled orders on the books of the company will be materially reduced as soon as the additional production program is under way. . ils was announced today by W. H. Leon;.;d. president. Rights Issued by th* North American Car Corporation to stockholders, permitting them to subscribe for one share of common stock at $42.50 per share for each ten shares of preferred *r common stoek held, will Increase the outstanding common stock from 123.874 shares to 138,261 shares, and will net the corporation a little more than 3800.000, Henry H. Brigham, president, stated today. DETROIT. Sept. 27.—Edward E Evans president of the Detroit Aircraft Corporation. announces the appointment of Pat Murphy as director of sales promotion under the supervision of L. J. Robinson, sales manager of the corporation. Murphy came to Detroit Aircraft Corporation from the Transcontinental Air Transport Corporation where he was assistant general traffic manager. Beatrice Creamery Company and Its subsidiaries in its first semi-annual statement ever issued, today reported consolidated earnings after all charges Including tax of 31,328.118 for the half year ending Aug. 31. After dividends on the preferred stock there was left available for common stoek dividends $1,074,283. which is equal to $5.48 per share on the 195,864 shares then outstanding. On Sept. 11. 17.335 additional shares were listed and Issued. NEW YORK. Sent. 27.—Unfilled orders on the books of the Aero Supply Manufacturing Company, Ine., as of Ang. 1, 1929. totaled 3447.139. George I. Stleh. president, reported today. Lambert Aircraft Corporation, a subsidiary of Allied Aviation Industries. Inc., has Just received an order from the Nlcholas-Beazley Airplane Company, Inc., calling lor shipment of two engines weekly. The engines will be used on the Barling NB-3 light monoplanes. More than 3370,000,000 In Investment trust and security company Issues were placed with the public In August, according to the latest market review of Holt, Rose & Troster. and to date for this month equally large volume la Indicated. Directors of H. H. Fishman Company. Inc., declared the rerular gparterly dividend of $1.75 a share on the preferred stoek. payable Oct. 15 to atoekholders of record Oct. 1. NEW YORK. Bept. 27—Recently announced retirement, through anew stock issue, of the redeemable funded debt of the United States Steel Corporation had two underlying motives, Myron C. Taylor, chairman of the finance committee of the steel corporation, points out In the current Issue of the business week. Fundamental reasons, he says, reflected the company's desire to get out of debt and to effect economies.

Indianapolis Stocks

—Sept. 27 Bid. Ask American Central L Ins Cos 800 •Belt RR & Yds Cos com .... 61 Vs •Belt R R & Yds Cos pfd 57 61 Belt R R & Yd* CO Pfd 108 Vs Bobb’s Merrill 34* 36* Central Ind Power Cos pfd ... 91 94 Circle Theater 108 ... 7ittes Serv Cos com 59 Cities Serv Cos pfd 94 Citizens Gas Cos com 33 ... Citizens Gas Cos pfd 97 101 Commonwealth L Cos pfd 100 ... Equitable Sec Cos com Hook Drug Cos com 44* ... Horuff Shoe Corp com 15 Ind Hotel Cos Claypool com 125 Ind Hotel Cos pfd 100 Ind Serv Corp pfd 80 Indpls Gas Cos com 59 62* Indpls & Norwtn Tr Cos pfd. 7 •Indpls P and L pfd 100'/ 102'/a Indpls Pu Wei L A*t com.. 51 Indpls St R R Cos pfd 39* 31 Indpls Wa Cos pfd 98 103 Inter Pub Ser pd 11 pfd 100 104 Inter Pub Serv 6s 89 93 Merchants Pub Util Cos pfd...100 •Metro Loin Cos -...96 101 Northern Ind Pub S O pfd 7s 104 Northern Ind Pub S C pfd 94 100 •Prog Laundry Cos com 50 52* E Rauh * Sons Pert Cos pfd. 50 Real Silk Hosiery Cos pfd 98 Standard Oil of Ind 54 T H Indpls & Tr Cos pfd.... 9 T H Tree & L Cos pfd 80 Union Title Cos com 44 51 V Camp Prod Cos Ist pfd .... 95 100 v Camp Prod Cos nfd ... W Shareholders Invest Cos 27 28'/a •Ex-dividend. —SalsaBelt R R * Yds Cos Com 30 Shares at 63 —Boons— Bid Ask Belt R & b Y Cos 4s 85 Broad Ripple Trac C' 5s .... 60 Cent Ind Oas Cos 5s 97 Central Ind Power Cos • 92 95 Chi 6 E N Ind Rv Ist 5s Citizens Gas Cos 5s 99 101 Citizens Street Railroad Js ... 67* 70 Garv St Rv Ist 5s 79 86 Home TAlof Ft Wavne 6s 101 Indiana Hotel Cos 5s 98 Ind Northern Trae Cos. 5s .... 3 5 Ind Railway and Light Cos ss. 95 idlana Seivtce Corp 5s Indpls Power and Light Cos 95 97 Indiana Union Trae Cos 5s 3 Indpls Col Si Trac 6s 97 Indianapolis Gas Cos s 96 98 Indpls Si Martinsville T Cos ss. 15 Indpls No Trac Cos 5s 11 14 Indpls A W Trac Cos 5* 15 Indpls Street Ry 4s 51 55 Indpls U Rv 5s J 19*5 A 8.... 98* Indpls Trae & Terminal Cos 5s 93 95 Indpls Water Cos 6*s 1953 100 Indpls Water CO s*s 1954 100 Indpls Water Cos lien & ref 5s 92 Indpls Water Cos 4*s 91 ** Indpls Water Works See Cos.. 82 86 Indpls Water Cos 4*B 91 Interstate Pub Serv 6*s 79* ... Interstate Public service Cos 6s 93 No Ind Pub Service Cos 5s ... 91 No Ind Telegh Cos 6s 1031 .. 97 99* T H & E Trac Cos 5s 56 T H Trae and Light Cos Ss ... 86 91 Union Trae o S Ind Cos 6s 14 19 RAW SUGAR PRICES High. Low. Close January 2 35 2.31 2.14 March 2.37 2 32 2.35 May 3 41 3 37 2.37 July 3 45 2 42 2 43 September 2.50 2 49 2 49 December 2.37 2 34 3.36 Efforts were being made by the police and Coroner Charles H. Keever to find the relatives of a woman believed to be Miss Josephine Hardesty of Tulsa. Okla., who died early today at the home of Mrs. Belle Dede, 1420 Mickey street, Ben Davis.

PAGE 13

2 ARRESTED IN 1 SLUGGING CASE \ Attack Charged in Robbery of Man on Taxi Ride. Two men were held today by police In connection with the slugging and holdup of Charles E. Davis, 28, of 440 Massachusetts avenue. They are: Willie Roach, 32, and James Nolan, 30. both of 153 Blackford street. Roach is on parole from the Indiana state farm. He Is charged with vagrancy and assault and battery and Nolan with vagrancy. Davis charged he was beaten by Roach and Nolan and thrown out of a taxicab near Sixteenth street and Eagle creek Wednesday night. Earl Robbins, 1149 North Alabama street, driver of the taxi in w T hich Davis was riding, charged that he, too, was robbed by Davis’ assailants. Davis is held on a vagrancy charge.

Chicago Stocks —(By James T. Hsmll) A Co.u

(Bv Thomson & McKinnon) TOTAL SALES 520.000. —Sept. 27 Sales. High. Low. Close, Abbott Lab 300 41 Acme Steel Cos. 200 125 Adams Mfg . . 100 36% 36 36% Ainsworth Mfg. 100 45 Allied Mo Ind.. 950 45 44 44% Allied Mo In pfd 250 51 50 51 All Products... 200 62 61 61 Altorfer 8r05... 50 44 Am Com Pow A 100 28% Am Com Pow W 500 8 7% 8 Am Radio 50 10 Am Berv 150 10 Am St Pu Bv. . 450 29 28% 29 Art Metal Wks 550 39% 37 37% ASS Tele Util... 3.950 41% 4040 Aub Auto 350 455 440 440 Autom Wash... 50 25 Bast-Bless 800 53 52 52 Bendlx Aviation 5.400 74 71% 71% Blnks Mfg 550 29% 28% 28% Borg-Warner... 8.600 70 67% 69 Borin Vlvtt of.. 50 39 , Brach A Sons. 100 23*4 23% 23% Bght Str El A.. 50 5 Bwn Fen &Wi A 350 23 Bwn Fen &W B 100 17% 17% 17V* A MEo 3.650 32% 32 32% E L Bruce Cos.. 250 81% 81 81% Bulova Watch. 2.050 40 38% 39% Bulova Wat pf 100 43% 43 43 , Butler Bros 600 31 30*/2 30% Ceco Mfg Cos.. 1.400 58 54 55% Ct Pu Sv Cl A 1.300 56 55% 56 Cnt A So West 900 169 160 160 Ct ASo Wst pfd 100 99% 99 99% Chain Belt.. ... 50 50 , Ch Cl ACRv pf 300 16% 16 16% Chic Corp 11.350 49% 48% 49 Chi Yel Cab... 650 31% 29% 29% City Radio Strs. 50 34 Club Aluminum. 50 5% . Common we Edl. 225 390 376 376 Com Telephone. 300 29 Constru Meterl. 1,850 28 23 25 Cons Mate pfd . 50 42 Consumers 150 10 Continental Stl. 200 42% 42 42 Crane Cos 100 46 Crane Cos pfd .. 50 113% Curtis Lighting. 950 28V* 27% 28% Curtis Mfg Cos.. 100 28 27 28 Dayton Rub "A” 150 39 37 37 Decker A Cohn. 150 14% 14 14 Electric Hsehold 1,650 84 80 84 El Research Lab 200 8% Empire G A F 6% pfd 100 87 Empire G A F tVi% pfd .... 100 89 Empire Pu Serv. 100 31 30% 31 Federated Publl. 450 30% 29 30% FltSlm & Con .. 100 71 Foote Gr A Ma. 150 22% Gerlach Barkloy 100 17 .../ Gleaner 50 130 ../ Corp 4.950 33% f 6 ' City Service .... 7,400 60V* 1 /, 60% Grt Lakes Alrcft 750 21 ( 20*/* Grlg.s-Grunow .25,100 62% % 61 Or ound Gpr Sho 50 45 l.all Printing .. 1,600 34% 32 Hart-Carter .... 50 23% ... ... Hormel A C 0... 400 55% 55% 55% Houd-Hershey A 600 46V* 43% 44 Houd-Hershey B 1,100 40 44 44 Illinois Brick .. 50 28 Ind Pneu Tool . 50 67% Insull Util Inv . 8,550 111% 107 107% Insull Utt Inv pf 1,450 100% 100 100% Iron Fireman .. 550 34% 34 34% Kala Stove 350 97 95 97 Kell Switch com 350 13% 13 13 Ken-Rad TA L 6,700 26% 24Vs 26 Keystone Stl ... 300 39% 39 39 Klrsch Mfg .... 100 21 Lane Drug VT C 500 15 14 14% LaSalle Ext Uni 150 3% Leath com 200 10% 16% 16% Libby-MeNeil .. 1,600 17% 17*% 17% Lincoln Printing 50 23 Lindsay Light.. 250 30 29*4 20% McQuav Norris 100 65 Merch'ts &M A 900 34 33 33 Mid W utilities. 1,700 480 471 471 Mid WU pr lien 250 125 120 120 Mo-Kan P Line. 1,500 33% 32*4 32% Modlne 200 66 65 65 Mon Chemical.. 50 38 Monsanto Chem 1.100 78 77 77V* Morgan Lltho... 50 20 National Battery 250 47% 47 47% Nat Elec P (Al.. 250 48V* 44% 45 Nat Leather.... 300 3% 33 Natl Secur Invest 1.00 51% 51 51 Natl Sec Inv ctfs 350 111 110 111 National Stan.. 500 42 41V* 42 Nob-Sprks I Inc 1,900 60% 58 59 North Amer Car 200 47V* 47% 47% No &S Am Cor 450 37 36 37 Ontario Mfg ... 700 44 43 44 Pac P Ser (A).. 100 32V* Parker Pen 50 48% Penn Gas A El 300 22% 22% 22V* Peoples LAP.. 50 50% Perfeet Circle... 200 58 57 58 Pines Winterfrt 200 75 74 74 Polvmet M Corp 1.050 34% 33 33% Poter Cos 200 36% 36% 36% Pub Serv n p.. 251 376 370 875 Quaker Oats ... 35 320 315 320 Raytheon 50 63 Reilanee Mfg Cos 450 22% 22 22'* Ross Gear 250 47% 46 47% Ryerson A Son.. 100 43 Sallv Frocks ... 250 32% 31 32 Sheffield Steel. 300 72 70% 72 So Colo Pow ‘A’ 900 32 31% 32 Stand Dredg Cos 100 35 34 35 St Dred Cos pfd. 350 35V* 35 35'/* Stelnlte Radio.. 100 22 Sterling Mot Tr. 150 28 Super-Maid 400 58V* 57V* 58 Swift & Cos 000 1 38% 138V* 138V* Swift Inti ... 500 33V* 33 33 V* Tenn Products.. 50 20 Tlme-O-8 Cont. 50 34% Unit Corpora.. 550 25% 24% 25% United Gas Cos. 500 49% 47 47 United Reproduc 100 24% S Gyp. Part P. 050 84 83 84 U B Lines 450 17*/* 17% 17% U S Radio A T 850 37V* 35V* 38% Utah Radio 1,150 18% 18 18% Utility A 1nd...45.700 54 50% 52 * Ufllitv A Ind pf 8.400 54 V* 51V* 52 Van Sicklen ... 300 30% 30 30% Viking P pfd ... 100 27% .. Wahl 100 17 Warehell 200 25 24% 25 Waukr-.ha Motor 20 187 185 185 Wayne Pump co 200 21 Wavne Pumn pf 50 35V* West Cont Util. 450 24V* 23% 24% West PL A Tel 100 30 Wextark Radio 1,050 60 % 65 68 Wieboldt Stores. 100 41 40 41 Wlnton Engine. 500 9 Yats Maehine. 1.400 24 24% 25% Zenith Radio.. 500 69 ... ..

In the Cotton Market

(By Thomson & McKinnon) NEW YORK, S"Dt. 27.—There was an excellent demand for cotton this morn’ng and It was fairlv clear that the buying was for mill account. There was also the normal southern selling against receipts. The result was a steadv and semewhat uninteresting market as far as fluctuations were concerned. 18.53 to IS 80 comprising the price range for the December contract op to 1 p. m. Brokers have large scale down buying orders on their books. * 'l e . !s Iook: of * r?at stability abou* the market. Verv little change ins ernc**d in the next government eat!m*. Th* averag man fcellves that what the cron has gained in the central region has been lost In Teres and along the Atlantic states. 2r feeling to cotton Is friend!” and we think the south will not have to market much more of the cop trfore the” will be on f 9 take th * u PP er hand In naming the price. NEW ORLEANS —Sept. 27 _ Hljjh. Low. C’os# 2KSKT IS 35 18 4* iß4s jSSSL- 15-78 18 67 18 68 October 18.22 18 14 18 ■■■• 18 44 18.35 IM7 NEW YORK March 17 * “ft* •JSJ 19.11 19 03 19 03 i u * r . 19 62 18.97 18 97 December 18.82 18 53 18.53 CHICAGO , i. gh. Low. Close. January 16.61 18.66 lTet M*r 19.05 18 99 18.99 October 18.33 18 25 18.39 December 18.55 I*.4> 18.53