Indianapolis Times, Volume 41, Number 122, Indianapolis, Marion County, 1 October 1929 — Page 15

OCT. 1, 1929

SELLING ORDER FLOOD BREAKS STOCK MARKET Dumping Sends Prices to New Low Marks: Auburn Hit Hard.

Average Stock Prices

Average of twenty Industrial* for Monday was 349 47. oft 3.72 Averaet of twenty rails was 175 3<J. off 2 10. Averof forty bond was 92.i1. off .92. Aft* f niti Press NEW YORK. Oct. !.—Stock:; broke precipitately again today under a flood of selling orders from all sections of the country. This flood carried pivotal shares to further new low levels on the curient movemen . After a fairly steady opening v ttocks were dumped on the market o jWith little regard to prices around o 11 o’clock and before noon losses ' ranging from a point to nearly 20 points were forced in the principal trading stocks, with acute weakness , developing in International Tele--14 phone, International Combustion, A. ypM. Byers and other leaders of the fo*eeent forward movement. United States Steel broke to a f further new low on the current movement at 220, oil more than 40 j points from its recent high, and proportionate breaks occurred in i Anaconda. United orporation. Consolidated Gas, Simmons Company and New York Central. Auburn Down 14 Auburn Auto slumped 14 points on small transactions, while American and Foreign Power broke more than 8 points. Lesser declines were experienced by Johns-Manvllle and Montgomery Ward, the latter selling off easily. Stop-loss orders were touched off In large volume on the decline, adding momentum to the downward movement, which wiped out a number of weakened margin accounts. Bearish professionals seized the opportunity to resume attack on special issues and the market as a whole displayed an exceedingly heavy tone around noon. A severe attack was made on Inl ternational Combustion, which quickly caused great uneasiness in speculative quarters. International Combustion was forced down more than 5 points to anew low for the f year on reports that the company Jhvas contemplating additional stock winancing, to allow further developent work on its low distillation Sjrocess. ■ * Aggressive Attacks Made iSVThis selling soon spread to other actions of the list and aggressive Imtacks w-ere made on Consolidated gßas, Public Service of New' Jersey, xrand other leaders, although reces- . siens in these issues generally were held to less than 3 points. Further declining tendencies re- . suited in a uniformly bearish feel- ’ ing in commission house circles. Slackening tendencies were noticed in business conditions by the Nationa City bank's review' of economic conditions, while the Standard Statistics Company, in a review of security markets, stated that it "lacks faith in the present structure of the stock prices.” These developments increased apprehension in many circles and induced widespread liquidation of the principal trading stocks. Possibilities of a flurry in call money over the next few days was another factor in the unsettlement in the general market.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Oct. 1, $4,436,000; debits. $3,628,000. CHICAGO STATEMENT tty United Press CHICAGO. Oct. 1 Bank clearings. *164.400.000: balances, sl3 000,000. NEW YORK STATEMENT Bn United Pri ss NEW YORK. Oct. 1. Bank clearings, *2.741.000.000 c.raring house balance, £ $273.000. pee fp el reserve bank credit ■ balance $206,000,000 TREASURY STATEMENT Bn United Pres * WASHINGTON. Oct. 1 Th- treasury net balance on Sept. 28. 547.358.745.39: customs receipts for th" month to the same 9 d*v were $50,055,958.23.

In the Stock Market

'Rr Thomson A McKinnon NEW YORK. Oct. I.—Highly regarded financial writers appear almost unanimous in the belief that thus far we have had comparatively little public liquidation in spite of the substantial decline in security prices. With two brokers loans statements due this week, one of which at least will show a generous increase, the theory of the lack of public liquidation is likely to be put to a test. The weekly statement of l the reserve board is expected to I show a decrease, but forecasting * fluctuations in the brokers loans statement has been far from successful and the unexpected big increase last week probably more than anything else brought about the sharp market decline of the past few days. The action of the market itself is not encouraging, feeble rallies serving only to bring out additional selling, which is now considered as emanating from well informed sources. Until the market develops more resistance, we believe the policy of reducing long commitments is advisable.

JamesT.Hamill & Company BROKERS Indiana poll* MEMBERS Chicago Stock Exchange Chicago Board of Trade Indtanapoll* Board of Trade Aitociate New York Curb Correspondent of LAMSON BROS. & CO. OTIS & CO. Stocks, Grain, Cotton 203 Continental Bank Bldg. Tal Riley 54$3—Riley 54*4

New York Stocks “ (By Thomson A McKinnon) —————

—Oct. 1— Railroad*— PreV. High. Low. 12 00 Close. Atchison 271 % 267% 267V* 270% At! Coast Line ..188 138 188 189 Balt & Ohio ....132•* 130% 131 132 Canadian Pac . 220 s , 218 220% 222 K ' Chesa 3* Ohio . 273 252 252 253 Chcsa Corn .... 77% 76% 77 77 ■ I Chi & N West... 94 831% 83Vs 9* Chi Grt West ... 16 16 !6 15 C R I Sc P 132 132 132 132 Del & Hudson. .202 200 200 201'% Del A; Lacks ...150% 145% 146% 1(1% : Erie 81 78 78 81 : Erie Ist pfd 60% I Grt Nor HI 111 Hi R 2 Gulf Mob & Oil. 48 *2 43 ... 11l Central ... ... I?!, 8 Lehigh Valley ... ■ 83-s Kan City South 94'% 94'% 941% 96-5. 1.-)U A Nash .. .143 % 143 143 143 I Minn S L 2 % 'MK & T 54'/, 53 53 54 IMo Pac pfd 135 133'i 133% 135 : N Y Central 219% 216'% 217% 219% INYC St L... 173 173 173 174 NYNH A H... 119 116'/. 116'% 118% Nor Pacific .....101 ICO', 1001% 10O;a Norfolk A West 260 256 256 258 <) A\7 20 3 , 20% 20% 20% I'enr.svlvar.la ...101% 99% 99% 101% PAW Va 137% •.37% 137% 133 ! Reading 125 122% 125 126 1 :,eat. and Air L .... 16% 161% 16'% 16 : Southern Ry ...152 151 191 153 ISt Paui 37% 36% 36% 38 !at Paul pfd .... 59% 08% 58% 59‘2 :St LAS W 86’% 86 86 88 iSt L A S P 123% 122% 122% 123 1 Union Paci r ic ..265% 265 265 268% , We.sc. Maryland 37% 37 37 38% Watash 64% 64% 64% 64-a West Pacific 33 33 33 33'% Rubbers— Alax 3% 3% 3% 3% Jnslc ........... 6% 66% 6% 7 Goodrich 69 68 68 69% Goodyear 100% 99 98 101% Kelly-Spgfld 8% 8 8 8% Lee 10% 10% 10Va 107% United States 52% 51% 51% 52% Equipment!!— Am Car A Fdy.. 94% 93% 93% 94% Am Locomotive 113% 113 113 113% Am Steel Pd 58 57% 57% 58% Am Air Brake S 57% 56% 57 57 Man Elec Sup.. 26 24% 24% 25% General Elec ...360 352 354% 258% Gen Rv Signal..ll4 110% 110% 114 Gen Am Tank.. 119% 114 115 118% N Y Air Brake.. 43 43 43 43 Pressed Stl Car 15% 14% 14% 15 Pullman 95 9293’, 94 Westingh Air B. . 58% 57% 57% 58% Westingh Elcc . .2327. 226'/, 228 231 Steels— Am Roll Mi115..135 130'% 130% 136% Bethlehem 115% 113 ', 113% 114% Colorado Fuel.. 64 61% 61% 64% Crucible 105% 103% 103% 104% Gulf States Stl.. 66% 66% 66% 66% Inland Steel ... 95'% 96 96 97 Otis 44 43% 43% 44 Rep Iron A Stl.. 128 122 125'% 127 Southern Pac ..141% 140% 140% 142 Ludlum 91% 91% 91% 94% U S Si.ee! 224 % 220 220% 222% Alloy 54% 53% 53% 54% Warren Fdy .... 17 17 17 17 Vanadium Corp. 81 79% 70% 85 Motors— Am Bosch Mag.. 68% 65% 65% 68% Briggs 26 25% 26 26 Brockway Mot . 34% 34% 34% 35% Chrysler Corp .. 86% 54% 54% 68% Eaton Axle 55 Graham Paige .. 17% 17% 17% 18 Borg Warner ... 67% 67% 67% 68 Gabriel Snubbrs. 18% 18'„ 18% 18 General Motors. 67 66% 66% 66% Elec Stor Bat .. 90% 87% 87% 87 Hudson 74% 73 73 75 Hayes Bod Corp. 23% 23% 23% 24% Hupp 41% 41 41 41% Auburn ........420 400 403'/, 420 Mack Trucks ... 96 94% 94% 94% Marmon 46 37% 38% 45 Reo 18% 16% 18 19 Gardner 8-a 8% 8% 8% Motor Wheel ... 29% 39% 39% 39% Nash 78 77% 77% 78% Packard 26% 26% 26% 26% Peerless 30% Studebaker Cor . 65 64 64 64% Stew Warner ... 60% 59% 59% 60% Timken Bear ...113 110 110 112% Willys-Overland. 18% 18 18 18% Yellow Coach... 28 27% 27% 27% White M0t0r.... 44% 44 44 44% Mining— Am Smelt A Rfg 112 111 111 112 Am Metals 77% 70 70 72 Am Zinc ... ... 20 Anaconda Cop ..117% 114% 114% lie’s Calumet A Ariz 123% 123% 123% 123% Calumet A Hecla 41 % 41 41 41% Cerro de Paasco 92% 92 92 92% Dome Mines ... ... 9 Granbv Corp... 85 84% 84% 85 Greene Can Cop . . ... ... 17G Gt Nor Ore 29% 29 Va 29 Vs 29% Inspiratio Cod.. 42 41% 42 56% Howe Sound ... 60 60 60 60% Xnt Nickel 57% 55% 55% 42 Kenn Cop 82 80% 85% 82% Magma Cop... 66% 66% 66% 66% Miami Copper , 41 41 41 41% Nev Cons 44% 43% 43*2 44% Texas Gul Sul 67% 67% 67% 67% St Joe 63 63 63 63% U S Smelt 49% 49% 49% 49 Oils— Atlantic Rfg 58% 57% 57% 58% Barnsdnll (A).. 357a 34% 34% 34% Freep-Texas 43% Houston Oil .... 96% 91 92% 97 Indp Oil % Gas. 31 30 30% 30% Cont’l Oil 31% 31 % 31% 31% Mid-Cont Petrol 32% 32Vs 32% 32 Lago Oil A Tr Pan-Am Pet 8.. 62 61% 62 61% Phillips Petrol . 37% 37% 37% 37% Prairie Oil 54 54 54 53% Union of Cal ... 54 53% 53% 55% Prairie Pipe 60% 60% 60% 60% Pure Oil 25% 25% 25% 25% Royal Dutch ... 53% 57% 57% 58% Richfield 38% 38% 38% 39 Shell 26% 26% 26% 26'% Simms Petrol .. 30% 30'4 30% 30% Sinclair Oil 34% 33% 33% 34% Skellv Oil 40 Vi 4040 40V, Std Oil Cal 74 74 74 73% Std Oil N. J.... 74% 73 73 73% Std Oil N Y 43% 43 43 43% Tidewater 18% 13% 18% 19% Texas Corp 65% 65 65 63% Texas C & O. 15% 15% 15% 15% Transcontl 17% 12% 12% 12% White Eagle ... 33% 33% 33% 34 Industrials— Adv Burnley ... 35 35 35 35% Allis Chalmers .. 68% 67% 67% 67% Allied Chemical 314 310% 310% 315 A M Byers 165 158% 158% 165 Armour A 10% 10% 10% 10% Amcr Can 168 164% 1647, 168% Alleghaney Corp. 47% 46% 46 1 , 35% Am Ice 46 Vi 46 46% 46 Am Wool 16% 16 16 16 Assa Dry Goods 51 50% 50% 51% Bon Alum 111 Coca Cola 146 146 146 Conti Can 85% 85% 86 86V, Oertatnteed .... 27% 27% 27% 27% Croslev 91% 90% 90% 91% Congoleum 25% 23% 23% 24% Curtiss W 19% 18% 18% 19% Davidson Chem. 51% 51 51 52 Du Pont 190 136 186 189 Famous Players. 71% 71% 71% 71% Gen Asphalt ... 83% 83 83 84% Fox A 99% 97% 98 98 Gold Dust 69% 65% 65% 69 Vi Olidden 54% 54 54 54 Int Harvester ..118 115*4 115% 118 Kelvinator 13% 13% 13% 13% Lambert 130% 129 129 130% Link Belt 48% 47% 47% 48 Loews 63% 62% 63% 64% Mav Stores 84% 83 93 84 Kolster 26% 25% 25% 25% Montgom Ward 117% 111 112% 117% Nat' C R 125% 121% 121% 23% Radio Keith ... 36% 35% 353, 36% Radio Corp 88% 08% 87'.> •’*% Rael Silk 72% 72 72 72 Rem Rand 49%, 47% 47% ■%% Sears-Roebuck ..157% 153% 153% 158% Union Carbide . 122 121 121 122% Warner Bros ... ... 53% Un Air Craft.. 103% 101% 101% 103 Univ Pipe 6% 5% 6 6% IT S Cs Ir Pipe 26% 26% 25% 26% U S Indus Alco 210 205% 205% 210 Worthington P.. .. . . 114% Woolworth Cos.. 97% 96% 96% 98% Utilities— Am Tel A Te1...292Vi 289 289 293% Am Pr A Lt 154 150 150 156 Am For Power... 159% 160% 162 169 Am Wot Wks. .188% 180 180 186% Brklvn Manh T.. 62% 62% 62',i 63% Cos! G A E 125% 12! 121 123% Consol Gas 153% 150% 150% 184% Klee Pow A Lt.. 75% 73% 73% 75 Int T & T 124% 120 120 123% Nor Am Cos 164 162 162 155 Pac Light 137 134% 134% 135% Pub Serv N J... .123 V, 120 130 122% So Cal Edison .. 91 88% 88% 90% Std Gas A El .234% 229 229 236% United Corp 68 66% 66% 673,

On Commission Row

FRUITS Apples—Choice. $202.25: Wealthy, $2 50Malden Blush. $2.7503; Jonathans. *2.75; Grimes Golden, $2.75: New York Duchess. $2.25®2.50: Gravestein. $3; Wolf River. $3.50. Cranberries—*4 a 25 lb. box: $7.50 a 50 lb. box. Grapes California seedless. $2.25 a crate: Malagas. $2 a crate: Tokays. $2.25. Lemons—California, a crate. sl3. Limes—Lamacia. $2.25 0 3. Oranges—^California Valencia, $3.75®8 Peaches—New York $3.50 a bu. Plums—s2.7s: Idaho. 16-lb. case. *l. VEGETABLES Bear.s—Green, stringless, $2.50. Beets—Home-grown, do*.. 40c. Carrots—Home-grown, do*.. 50c. Cabbage—s3.so a barrel. Cantaloupes Flats. $1.2501.50: Colorado. $2.25; Tiptops, barrels. $4.50; Jumbo. $1.50. Cauliflower—Washington, crate. $3.25. Corn—Home-grown. 25®S0c a dozen. Cucumbers—Hothouse, a dozen. *1.25 Eggplant—Sl.soS2 a dozen; $2®2.25 a hamper Kale—Spring, a bushel. sl. Lettuce—California Iceberg. $5 50 a crate; home-grown ieaf. a bushel. *l. Mustard—A bushel. $1 Onions—lndiana yellows. $2.75 a 100-lb. bag. Parsley—Home-grown, dor. bunches. 45c Peas—Colorado. $6 a crate. Peppers—Home-grown, $1.50 a bushel. Potatoes—Wisconsin and Minnesota white. $4 7505 a 160-lb. bag: Red River Ohio?. 120-lb.. $3.50. Radishes—Eutton. hothouse, dozen 50c. Southern, long red 15fi25c doz. Sweet Potatoes—Virginia Jerseys, *4.50 a barrel; *2 a bushel. Tomatoes Home-grown. a bushel (1.25: 15-lb. basket. 50c. Watermelons—lndiana. 40065 c each. By United Press CHICAOO, Oct. I.—Appies, *1.7502.50 pei busbab

Utilities Power.. 52 51% 51% 51% United G A Imp 51% West Union Te1..210 210 210 211 Shipping— Am Inti Corp 85% 81 81 85 Am Ship A Coro 2% 2% 2% ... Atl Gulf A W 1.. 84% 84 84 84% Inti Mer M pfd.. 33% 23 33 33% United Fruit .... 121 % 118'/, 118 V, 120% Foods— Am Sug Rfg .... 77 76% 76V4 77 Beechnut Pfcg ... 85:% California Pkg 79 Canada Dry 86 84% 84% 86% Corn Products ..113 111% 111% 1133 4 Cent Bak A .... 74 74 74 74% Cuba Cane Sug. 4'% 4'% 4% ...' Cuban Am Sug ... ... ... 12 Hersbey 129 129 129 131% Grand Union ... 23% 23V, 23'/, 23% Grand Union pfd 45 Jewel Tea 65 Kraft Cheese ... 7! 69 69 70 Kroger 87% 87 87 87% Loose W:les 79', 78% 79% 76 Natl Biscuit 219 216 216 219% Natl Dairy 74'% 73% 73% 74% Gen Food 65 64'/* 64% 65 Ward Baking B. 9% 9% 9% 954 Tobaccos— Am Sumatra ... 38% 38% 38% 38V, Am Tob B 170 168 54 170 172 Con Cigars 62% 62 .62 6254 General Cigar .. 6754 66 % 6654 66 54 Llg A Meyers 8354 88 8854 88% Lorillard 21 21 21 21% R J Reynolds ... 54% 54'/* 54 54 5 4 Tob Products B. 11 Vi 11% 11'/* 11% United Cigar St. 13 12”* 1254 13 Schulte Ret Strs 17 1654 17 17 YOUNG ACCIDENT VICTIMSjETTER Lads, 7 and 9, Hit by Cars, Are Recovering. Two small boys, injured seriously when struck by automobiles Monday, were on their way to recovery today in city hospital, attendants reported. Charles Jones, 7, of 1008 South Fleming street, suffered a fractured skull when struck by an auto driven by William Spaulding, 18, of 1104 Denison street, in the 4100 block West Washington street. Robert Gilbert, 5, of 1126 East St. Clair street, also suffered a fractured skull when struck by a car early Monday. James Blake, 1411 Deloss street, and Mrs. George Henry, 1213 Deloss street, passengers in an auto driven by John Crawford, 1254 Mentone street, were injured Monday night when it was struck head-on by a machine said to have been operated by Orville King, Kirklin, Ind. Walter Everman, also of Kirklin, riding with King, was arrested on a charge of drunkenness. Police are seeking King for failure to stop after the accident.

The City in Brief

WEDNESDAY EVENTS Slate conference oft social work, Claypool. Kiwanis Club luncheon, Claypool. Junior Chamber of Commerce luncheon. Chamber of Commerce. Lion’s Club luncheon, Lincoln. American lied Crosn, regional conference, Columbia Club. Purdue Alumni Association luncheon, Severin. IllSni Club, luncheon, Board of Trade. Solo Club, luncheon, Columbia Club. A dinner for the public will be served by the Ladies’ Aid Society of the Second Reformed church, Merrill and Alabama streets, from 11 a. m. to 1 p. m., Wednesday, in the church parish room, 309 East Merrill street. Higher telephone rates have been asked in thirty-one towns served oy the Southern Indiana Telephone and Telegraph Company, Seymour, in a petition filed with the public service commission. Second session of the five-night interdenominational training school of religious education will be held tonight at the Central Christian church. The meetings are under auspices of the Marion County Religious Education and Ministerial Associations. Monthly meeting of the Marion County Good Government Club will be held in the Travertine room at the Lincoln at 8 p. m. Wednesday with Delbert O. Wilmeth as principal speaker. A district meeting of the club was held Monday night at 2728 North Sherman drive. Howard Meyers, attorney, spoke. The Irvington Republican Club, 5446 East Washington street, was addressed by William H. Settle, president of the Indiana Farm Bureau. Monday night. Vinson H. Manifold presided. Program for the Marion county W. C. T. U. meeting, to be held in the West Washington Street M. E. church tonight, will include a declamatory contest, conducted by Mrs. Mae Boyl Brown. George Porter, 17, of 2549 North New Jersey street, war arrested Monday night, charged with carrying a concealed weapon. James Whitcomb Riley day will be observed Wednesday by the Kiwanis Club in the Riley room of the Claypool with a musical program and dramatic readings by Barton Pogue of Upland, head of the school of expression of Taylor university. Pogue will recite Riley’s poems. “Aims of the Federal Reserve System,” were discussed by L. A. Wjles, vice-president of the Fletcher Savings and Trust company, at the luncheon of the Universal Club today at the Columbia Club. Helen Lawson, 5, of 1016 West New York street, fractured a wrist when she tumbled twenty feet from the second story of her home to the ground Monday afternoon. She is in city hospital. Trials and hardships of a man’s life will be told by Ira S. Bassett, evangelist, tonight at Cadle tabernacle. Bassett’s subject will be “From the Cradle to the Grave.” Dr. Parley Zartman of Winona Lake. Ind., will lead the prayer service. Tim Stone. Negro, 64. of 2174 North Capitol avenue, suffered cuts and bruises early today when he was struck by a motorcycle driven byJess Booth, 23, of Lawrence, as he crossed the street in front of his home. He was given emergency treatment and taken home. Announcement was made today of the appointment of Elmer L. Stephenson as resident manager of the Indianapolis branch office of the Fidelity and Casualty Company of New York, 1415 Merchants Bank building. Stephenson succeeds M. Lk Johnson

THE INDIANAPOLIS TIMES

HOGS MOSTLY 30 CENTS OFF AT CITY YARDS Cattle Scarce and Steady; Vealers Weak, at $15.50 Down. 24. *10.900 11.25 $11.35 6.070 25. 10.306(11.00 11.00 7.500 26. 10.00® 10.80 10.80 6.500 27. 10.100411.15 11.15 5.500 28. 10.10® 10.90 10.90 4.500 29. 9.80 (5510.60 10 60 10,500 Oct. 1. 9.25® 10.35 10.35 7.000 Hogs were mostly 25 to 30 cents lower today at the local stockyards. The bulk, 150 to 280 pounds, sold at $9.25 to $10.35. The market 160 to 200 pounds, were mostly 30 cents off Receipts, 7.000; holdovers, 814. Cattle dull with little change, selling at Monday’s prices. Vealers were weak at 50 cents lower, sold at $15.50 down. Sheep and lambs steady with little change. Better grade of lambs were selling at sll to $12.50. Fat ewes, $3.50 to $5.50. Chicago hog receipts 24,000, including 3,500 directs; holdovers, 9,000. Steady with Monday’s average, few bids and early sales were 15 to 25 cents lower. Bidding $10.25 to $10.35 on 130 to 210-pound weights. Cattle receipts, 10,000; sheep, 11,000. Indianapolis livestock prices today; Hogs, 250 to 350 pounds, $8.75 to $9.85; 200 to 250 pounds, $9.85 to $10.25; 160 to 200 pounds, $10.35; 130 to 160 pounds, $lO to $10.25; 90 to 130 pounds, $8.75 to $9.75; packing sows, $7.50 to $8.50. Cattle receipts, 1,300; calves, receipts 700; market, steers lower, she-stock uneven, vealers lower; steers, $lO to sls; beef cows, $7 to $9; low cutter and cutter cows, $5 to $6.50; veals, $14.50 to $15.50; heavy calves, $6.50 to $511.50; bulk stock and feeder steers, $7.50 to $10.50. Sheep receipts, 1,000; market little changed; lambs, $12.50; bulk fat lambs, $10.50 to $12.50; bulk cull lambs, $7.50 to $9.50; bulk fat ewes, $3.50 to $5.50. —Hoe* — Receipts, 7.000; market, lower. 250-350 lbs $ 8.75® 9.85 200-250 lbs 9.85® 10.25 160-200 lbs 10.35 130-160 lbs [email protected] 90-130 lbs 8.75® 9.75 Packing sows 7.5044 8.50 —Cattle— Receipts. 1.300; market, lower. Beef steers $10.00!® 15.00 Beef cows 7.00 67) 9.00 Low cutter and cutter cows.. 5.00® 6.50 Bulk stock and feeder steers .. 7.50® 10.50 —Calves— Receipts, 700; market, lower. Best veals $14.50015.50 Heavv calves 6.50011.50 —Sheep— Receipts. 1 000; market, steady. Top fat lambs $12.50 Bulk fat lambs 10.50® 12.50 Bulk cull lambs 7.50® 9.50 Bulk fat ewes 3.50® 5.50 Other Livestock Bn United Press CHICAGO, Oct. I.—Hogs—Receipts, 24,000, Including 3,500 directs: slow, 15c to 25c, mostly 25c lower; top, $10.45; bulk good to choice 160-230 lbs. weights, slo® 10.40; packing sows. $7.65® 8.35; butchers medium to cnoice 250-350 lbs., $8.65® 10; 200-250 lbs.. [email protected]; 160-200 lbs., $9.60 (0 10.45; 130-160 lbs., s9® 10.30; packing sows. $7.50 0 8.50; pigs, medium to choice, 90-130 lbs., $8.75®10. Cattle—Receipts, 10,000. Calves—Receipts, 2,500; general trade about at standstill; weak to 25c lower all through list; largely beef steer run; stockers and feeders 15c to 25c lower for week, country demand at under sll moderate; early top, $15.35, some held above sl6; slaughter classes steers, good to choice 1,300-1,500 lbs., $12.500 16.25,' I. lbs., $12.50016.25; 950-1,100 lbs., $’12.50®T6.25: common and medium 850 lbs., up $8.75013; fed yearlings good to clioice 750-950 lbs., $12.750 16; heifers, good and choice, 850 lbs. down, $12.50® 14.75; common and medium, $7.50®13; cows good and choice, [email protected]; common and medium, $6.2508: low cutter and cutter, $5®6.25; bulls good and choice, $8.65® 10; cutter to medium, $6.50® 3.65; vealers milk fed good and choice, $12.50 @15.50; medium. [email protected]; culland common, s7® 11.50'. stockers and feeder steers good and choice all weights, slo® 11. common and medium, $8!!' 10. Sheep —Receipts. 11,000; opening trade steady to strong; natives. $12.250,12.50; few choice loads, [email protected]; good range lambs. $12.50: fat owes, s4® 5; feeding lambs, quotable steady. Lambs good ana choice 92 lb. down, $12@13; medium. $10.50 ("'l2; cull and common, $7.50®10.50: ewes medium to choice. 150 lbs. down, $3.75® 5.25; cull and common. $2.25@4; feeder lambs, good and choice, $11.75@13. pv Times Special LOUISVILLE. Ky„ Oct. I.—Hogs—Receipts, 500; market, 30c lower; mediums and lights, 130-250 lbs., $8.20®10.20; extreme heavies, 250 lbs. up, $9.60; pigs, 130 lbs. down, [email protected]: stags and throwouts, [email protected]. Cattle—Receipts, 100; market, steady: prime heavy steers, $11.50 dj 13: heavy shipping steers, $9.500111.50; medium and plain steers, [email protected]; fat heifers, $7.50® 11.50; good to choice cows, 57.50@9; medium to good cows, $6-7; cutters. $5.50@6: canners. $4.50®5.25; bulls, s6® 8.50; feeders, [email protected]; stockers, $7.50® 10.50. Calves—Receipts. 300; market 50c lower; fancy calves, $14.50: medium to good, $5.50@11.£0: good to choice. $11.50® 14; outs, $9.50 down. Sheep—Receipts, 100; market, steady; ewes and wethers, sl2; buck lambs, $11; seconds, s6@7; sheep, s4@s. Monday’s shipments: Cattle, 1,324; calves, 954; hogs, 470; sheep, none. Bn United Press EAST BUFFALO, N. Y.. Oct. I.—Hogs Receipts, 800; holdovers, 1,000; market slow; 25@40c lower; 250-350 lbs., $9.75® 10.50; 200-250 lbs., $10,250:10.75; 160-200 lbs., $10.50® 10.75; ISO-160 lbs., $10.25® 10.75; 90-130 lbs., $10.00010.50: packing sows. $8.40®9.00 Cattle—Receipts, 125; market steady. Calves—Receipts, 350; market 50c lower; beef steers, $13.15@ 15.00: light yearling steers and heifers, $13.25(5,15.75; meef cows, $8.7509.75; low cutter and cutter cows, $4.50@125; vealers, $18.00018.50. Sheep—Receipts, 300; market slow, weak to lower; bulk fat lambs. $13.25015.75; bulk cull lambs [email protected]; bulk fat ewes, *5.25 0 6.00. Bp United Press FT: WAYNE. Ind., Oct. I—Calves—Receipts. 50; hogs. 300: sheep, 200; hog market, 35c off; 90-130 lbs.. $8; 110-140 lbs $8.50: 140-160 lbs., $9.35: 160-180 lbs.. $3.85’ 180-200 lbs., $10: 200-220 lbs.. slo.lo' 220240 lbs., $9.90: 240-260 lbs., $9.65; 280-300 lbs., $9.20: 300-350 lbs.. $8.85. roughs $7.50: stags, $5.50; calves, sl6; lambs)

Local Wagon Wheat

City (train elevators are payine sl.lß for No. 2 red wheat and *1.13 for No. 2 hard wheat. AGREEMENT IS NEAR Britain, Russia Soon to Exchange Ambassadors, Paper Reports. By United Press LONDON, Oct. I.—The Daily Express understands that Arthur Henderson. secretary for foreign affairs, and Valerian Dovgalevsky, Soviet ambassador to Paris, have made such progress in their negotiations for resumption of diplomatic relations between Great Britain and Russia that an exchange of ambassadors may be announced shortly. Two Hurt in Auto Accident Bn Times Special CRAWFORDSVTLLE. Ind., Oct 1. —Esther Sandling and Oscar Rice, both of Westville, HI., were injured when the automobile the fatter was driving was overturned east of here on state Hoad 22.

Business —and— Finance

The fifty most active stocks traded in on the Chicago Stock Exchange during the week ended SeDt. 28 had a market value of $3,790,926,785 at the close of business Saturday, as compared with $3,947,084,428 at the close of the previous week, according to a compilation by Lage A Cos., members of the New York and Chicago Stock Exchanges. This represents a decrease of $156,157,643 or 4.12 per cent. Business of the Chain Store Products Corporation is running 40 per cent ahead of 1928 and the outlook is for a continuance of a high rate of operations, according to a letter accompanying checks to stockholders for the corporation’s first quarterly dividend on the preferred stock. The initial dividend of 27% cents is payable Oct. 1. and establishes the issue on an annual dividend basis of $1.50 a share. Sparta Foundry Company reports net earnings for the first eight months ended Aug. 31. after ail charges Including federal taxes and certain non-recurring expenses, of $320,693. equal to $6.42 per share on the 50,000 shares of common stock outstanding during this period. These earnings are equivalent to $9.62 per share on an annual basis, as compared with 53.17 per share earned in all of 1928. Earning3 for the last three years were; 1926, $74,893, or $1.50 per common share: 1927. $107,386 or $2.15 per common share, and 1928, $158,418 or $3.17 per common share. NEW YORK. Oct. 1— Total sales by the Arc Supply Manufacturing Compamy, Inc., for 1929. will run considerably over $2,000,000, based on the current volume of business, according to an announcement made today. Since Jan. 1, 1929. the Gardner-Penver Company has retired 2.786 shares of preferred stock with a valuation of $300,396. This brings the total of requirements since April 1, 1927, when the program was instituted, to 4,925 shares, with a value of $524,991. The last balance sheet of the company dated Aug. 31. 1929, showed preferred stock outstanding to the amount of 21,075 shares. The shares have a par value of SIOO. Standard Investing Corporation for the six months ended Aug. 31. 1929. reported net income of $644,947 after expenses. Interest and reserves for taxes. The total income of $919,450 Included, a net profit of $551,547 from the sale of securities. 5239.6D9 in dividends received, and $128,204 in interest received and accrued. Exnenses and other income charges totaled $274,503. Profit and loss surplus as of Aug. 31 was $1,530,143. an increase of $513,095 for the six months. Twelve mining companies in Idaho paid dividends totaling $4,359,000 in 1928, but 709 mining companies and many individual onerators not yet in the profit-making stage spent $10,241,738 for labor, supplies and equipment, according to Senator Ravenel Macbeth, secretary of the Idaho Mining Association. The figures were compiled to prove to legislators that high taxes designed to hit the few large companies would actually result in shutting off development by the hundreds of concerns whose properties are still in the prospective class. DETROIT, Oct. I.—Net factory sales of the Silent Automatic Corporation for the first eight months of 1929 show an Increase over the same period in 1928 of more than 100 per cent, according to a statement issued today by Walter F. Tant, president. Announcement is made today by George B. Crabbs, president of the Cincinnati Railroad Terminal Development Company, that Hornblower & Weeks of Cleveland and New York, and A. E. Aub & Cos., of Cincinnati, have purchased $3,000,000 cumulative 5 per cent preferred stock of the Cincinnati Union Terminal Company, which will shortly be offered to the public. This will be the first public offering of securities of this company and marks the second step in the financing of the new $40,000,000 passnger union station in Cincinnati. Aviation will soon have a financial manual of its own. C. P. Keane, editor of Keane’s Manual of Investment Trusts, is now compiling financial statistics on several hundred aviation companies which he expects to publish in December as Keane’s Financial Aviation Manual. The new manual will be published by the Financial Publishing Company, Boston, New York and Chicago. NEW YORK, Oct. I.—Ravon production in the United States for the year 1929 will reach a total of 131,325,000 pounds. Textile World reports. Total output for the first seven months of the year is placed at 72,880.000 pounds. The estimated total for 1929 will exceed last year’s production volume by more than 33,000,000 pounds. DETROIT, Oct. I.—Directors of the Detroit Aircraft Corporation have authorized expansion of facilities on the Grosse lie airport that will make it one of the most complete in the world. It was announced today by E. S. Evans, president. Evans stated that under the plan, the corporation will build seaplane hangars, service stations, deepen the channel and add dock facilities. A unique system of landing lights is practically installed. This will make the Grosse He airport facilities complete for flying boats and amphibians as well as for land planes.

Produce Markets

Butter (wholesale)—No. 1, 49@50c; No. 2, 47@48c. Butterfat—4Bc. Cheese (wholesale selling price per pound)—American loaf. 35c- pimento loaf, 37c; Wisconsin firsts. 27c; Longhorn. 26c; New York limoerger, 30c. Strictly fresh eggs, loss oft. delivered in Indianapolis, 36c. for grades eggs. No. 1. 44c; No. 2. 34c: No. 3.25 c. Poultry (buying prices) Hens. 24c; springers. 24c; Leghorn springers. 20c: Leghorn hens. 19c; 1929 Leghorn broilers, IVi 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. 22©23c No. 2 old hens. 25®30c. By United Press CHICAGO. Oct. 1. Eggs Market, steady; receipts, 9,001 cases; extra firsts, 3 9 Vic; firsts. 38Vic; ordinaries, 32635 c; seconds, 246:30c. Butter—Market, easy: receipts, 14,768 tubs; extras, 44Vic; extra firsts, 42V 2 c; firsts, 406 41*/2C; seconds, 38 @39c; standards. 43 3 / 4 c. Poultry—Hens, strong; springs, steady; receipts, 7 cars; fowls, 23®27c; springers, 22®24c; Leghorns 19c; ducks, 18#21c: geese, 20c: turkeys. 28<®30c; roosters, 20c; broilers. 26c. Cheese —Twins, 22Vi® 22 3 /4 c; Young Americas, 24VVc. Potatoes—On track 368: arrivals, 120; shipments, 1,044; market, fairly steady; Wisconsin sacked round whites, $2.30®2.50; Minnesota and North Dakota Red River Ohios, $2.106 2.20: round whites best, $2,206/2.35; Idaho sacked Russets. [email protected]. By United Press NEW YORK, Oct. I.—Flour—Dull but firm: spring patents, $6.60@7. Pork— Weaker: mess, $29.50; Lard— Easier; middle west spot, $11.40®11.50. Tallow—Firm; special to extra, B'/4®B%c. Potatoes — Steady; Long Island, $2,256:6.25; Jersey, $1.75®4.75; Maine, $465.50 barrel. Sweet potatoes—Dull; southern baskets. 75c65l basket; southern barrels, $26 2.75: Jersey. 50c®51.50 basket. Dressed poultry—Quiet and irregular; turkeys, 346:60c; chickens. 206 40c; fowls, 206 36c; ducks, 186 23c; ducks, Long Island. 216 25c. Live poultry —Dull and nominal; geese, 136.20 c; ducks, 166 28c; fowls. 226 32c; turkeys, 40®45c; roosters, 17® 19c; chickens, 226 32c; broilers, 236.35 c. Cheese—Steady to - firm; state whole milk, fancy special, 27 Vi @29 Vic Young Americas, 24 \' 2 6:28c. By United Press Oct. I.—Butter—Extras, 49c; extra firsts, 44c; seconds, 43c. Eggs— Extras, 47c; firsts, 39c; ordinaries, 30c. Poultry—Fowls. 29®30c; broilers. 28@3'ic; Leghorns, 20®22c; Leghorn broilers, 1 ® 26c; ducks, 226 25c; old cocks. 176 18c. -■ >- tatoes—Ohio per 150-lb. sack, s4@4. i5; Maine Green Mountain per 150-lb. sack, $4.35; Idaho russets per 100-lb. sack. $3.75; home grown per bushel sack, $1,606/1.65. Building Permits P. J. Oates, storeroom. 465 North Belmont. $1,500. L. Ferry, reroof. 1437 South Meridian, S2OO. E. J. Doyle, garage. C 32 North Rural $255. E. King, building. 1613 Southeastern, $4,000. C. Holtman. garage. 1308 Marlow. *2.000. V. Van Camp, porch. 421 ..orth Bevilie. SBOO. L. A. Jackson warehouse. 1125 East Maryland. $8,500. E. Fitzwater, dwelling and garage. 1442 Burwick, $3,500. J. Nelller. garage. 215 North Rural. $260. Railroad Men’s Building and Savings Association, addition. 2014 Hovt. S3OO. E. Jorsan. reroof 555 West Twentysixth. $260. J. D. Spillman, dwelling and garage. 2918 School. $3,500. Marriage Licenses Harry Murdock. 23, of Lafayette, student. and Eleanor Durbin. 20, of 5819 East Washington, student. Garris V. Molden. 25, .of 2446 College, talesman, and Verdella M. Vande tender, 27, of 918 Fairfield, teacher. Francis E. Polen. 59, of 1127 Comer, secretary. and Bertha Tarbell, 40, of 1615 East Minnesota. Thomas A. Morris, 32, of 1305 North Dlaware. insurance, and Josephine A. Nichols. 24. of 5961 University. Rov E Metzger. 40, of 39H North Capitol, contractor, and Gaynell B. Prosser, 22. of 1014 West Thirty-first. Rouen M. Ingerton. 29, of 928 King, machinist. and Dorothy £. Brinsley, 17, of 838 SomecMt

WHEAT PRICES SLUMP; CORN YIELD FALLS Crop to Be Under 10-Year Average; Little Change in Oats. BY WILLIAM P. M’KENNA United Press Staff Correspondent CHICAGO. Oct. I.—Wheat prices sagged a trifle lower at the Board of Trade opening today in spite of Liverpool’s good advances on the sudden jump in values established here Monday. Pressure of cash wheat was not so heavy abroad. Corn and oats w’ere little changed. In the Oct. 1 report the department of agriculture estimated the total crop yield will fall 6 per cent below the ten-year average. At the opening wheat was unchanged to % cent lower; corn was unchanged to Vs cent lower, and oats were 14 to % cent higher. Provisions were slightly lower. The sharp advance which followed after December wheat had fallen to the lowest since July 11 on the Board of Trade Monday, is regarded as a natural technical reaction to the long decline and market sentiment continues two-sided. Bullishly inclined traders maintain that Europe can not defer heavy takings of United States wheat many weeks. Wfth the September corn delivers’ out of the way, the market is expected to fall under the influence of the factors of maturing crop conditions and the demand for cash corn Country offerings at present are rather small and the cash demand is good. Buyers cf oats futures are ounting on the expected shortage of feed grains to boost prices before the end of the season. Chicago Grain Table —Oct. 1— WHEAT— Prev. High. Low. 12:00 close. December .. 1.35% 1.34% 1.25% 1.35% March 1.42% 1.41% 1.41% 1.42% Mav 1.46 V* 1.45 1.45% 1.45% CORN— December ... .97% .97 .97% .97% March 1.02% 1.01% 1.02 1.01% Mav 1.04% 1.03% 1.04% 1.04 OATS— December ... .54% .53% .53% .53% March 56% 56'% .56% .56% May 58% .57% .58 .58 RYE—December ... 1.15% 1.15% 1.15% 1.15% January 1.16% 1.16% 1.16% 1.17% LARD— December .. 11.20 11.07 11.17 11.15 January .... 11.80 11.72 11.75 11.72 May 12.15 12.10 12.10 Bit Times Special CHICAGO. Oct,. I. Carlots: Wheat. 73; corn. 367: oats. 169; rye, 6. and barley. 33. COTTON FUTURES UP Boost of More Than $1 a Bale Due to Storm. Bn United Press NEW YORK, Oct. I.—Futures on the New York Cotton Exchange started today with a burst of strength and prices were carried up more than $1 a bale on a wave of buying brought on by extremely unfavorable weather developments, as a result of the tropical storm heading toward the cotton belt. Crop reports indicated serious damage to open bolls by heavy rains caused by the tropical disturbance, with unfavorable conditions centering in the eastern sections. Trade buying also turned more aggressive and Georgia mills t e reported particularly good purchasers Heavy hedge selling from the central and southwestern portions of the belt somewhat checked the initial bulge, but this pressure was well absorbed generally. In the Air Weather conditions in the air at 9:30 a. m. Northeast wind, twenty miles an hour; temperature, 53; barometric pressure, 30.20 at sea level; ceiling unlimited; visibility, three miles, smoky; field, good. Makes Fast Trip Ray D. Brown, United Postoffice Corporation president, was in New York today after a fast trip by plane and train to participate in dedication of anew postal building. He left here Monday afternoon on the Transcontinental Air Transport plane for Columbus, 0., accompanied by his three children and Miss Barbara Vandenberg, Grand Rapids. From Columbus, he continued the trip by train. Arrivals and Departures Hoosier Airport—M. S. Smith, Lincoln training biplane, Lincoln, Neb., to Kokomo; Harold C. Brooks, Travel Air monoplane, to Louisville, with five Legionnaires to attend the American Legion convention; Elvin Tarkington, Travel Air biplane, to French Lick and return. Capitol Airport—Robert Guerrant, Curtiss Robin, to Des Moines. Curtiss-Mars Hill Airport—William Brewster, Curtiss Flying Service, Robin, with C. D. Bechdolt and Dr. A. C. Badders, Portland, to Louisville; Charles E. Cox Jr., Curtiss assistant general manager, Robin, to Marion and return; M. MacMillan, Robin, St. Louis to Cleveland. Flight Is Described Description of the flight of the Indianapolis Flamingo endurance plane was given before members of the Service Club Monday by Major H. LeR. Muller, flight manager, and Lieutenant Walter R. Peck, one of the pilots. Other guests of the club included Lieutenant Laurence Genaro, the other pilot; Harold C. Brooks, Hoosier airport official, who described the refueling crew’s activities, and Lieutenant Earl Halstead, Indianapolis "flying cop.’’ Kick of Cow Causes Death By United Press BLUFFTON, Ind., Oct. I.—Lockjaw, which developed from injuries suffered when Richard Randall, 8, was kicked by a cow, resulted in his death today.

Additional Sports

CALDWELL AT CENTER Coach Roper Makes Another Experiment in Tiger Line. Bn I nitr-.i Press PRINCETON, N. J.. Oct. I.—Caldwell was sent to the Princeton center position Monday. Coach Roper has tried Yeckley, Blackistone and Mestres at the pivot. Chuck Howe, last year’s star center, has been sorely missed. The varsity made three touchdowns in a twenty-min-ute scrimmage period.

Two Gain in Fans

ftji Times Special SPRINGFIELD, 111.. Oct. 1— Only two clubs of the Three-I League fared better this year as compared with last season, according to home attendance figures released by officials. Evansville topped the circuit with an attendance of 58,942 for the year, more than 16,000 above 1928. Decatur was next with 50,376, a drop of about 6,000. Quincy, which won the pennant, registered a gain. It drew 50,516, a gain of 18.000. League attendance total was 322,999, a decline of 37,777 from last year. STAR HALF RETURNS Bn United Press WASHINGTON, Oct. I.—Despite a heavy, mud-covered field, Coach Lou Little is putting the Georgetown eleven through strenuous workouts in preparation for the Hilltopper's game with Western Maryland. Johnny Bozek, fleet half back, who had been thought lost for season because of illness, has regained his health and will be with the team for its next game. CLICK POINT VICTOR By United Press SAN FRANCISCO, Oct, I.—Joe Glick, Brooklyn junior lightweight, took a ten-round decision from Frankie Stetson, San Francisco, here Monday r ight. Some spectators shouted displeasure when the verdict was rendered, thinking Stetson’s knockdown for a count of three in the sixth round should have given him a win. VARSITY BATTERS “DUMMIES” By United Press NEW YORK, Oct. 1. Coach Crowley’s dummy eleven took plenty of battering Monday as the Columbia varsity started preparations for the Union college game here Saturday. SOONER CRIPPLES BUCK Bn I nited Press NORMAN, Okla., Oct. I.—Cool weather, together with the return of three injured players, added pep to the Sooner squad today as the candidates went through the snappiest practice session of the season. Crider, Mills, Flint and Lewis were favorites in the backfield. JOE LOHMAN DEFEATED B,y Times Special ELKHART, Ind., Oct. I.—A knockdown in the fifth round helped Battling Redman, South Bend, to a decision over Joe Lohman, Toledo, in a ten-round bout. CONCENTRATES ON LINE By United Press COLUMBIA, Mo., Oct. I.—With his back field shaping up, Coach eHnry again turned his attention today to a line that hasn’t developed as expected. The opening game of the varsity is still nearly two weeks away.

Did You Kno •w That— VI C TOR I O CAMPOLO claims to hold the world’s record for bull-dogging, skinning and dressing a steer—l 2 minutes. . . . But then, maybe it was a bum steer. . . . Lefty O'Doul says he “wouldn’t have hit against left-handers for McGraw.” He has been doing pretty well against ’em for Burt Shotton. . . . Pipgras likes the Cubs to win the series. .. . Because the A’s have trouble hitting a right-hander with good cross-fire. . . . Ben Paschal says he likes the Athletics. ... He never has seen the Cubs. . . . Neither have a lot of the other experts. . . Babe Ruth once asked Harry Frazee of the Red Sox for a raise, saying it cost him a lot to eat. . . . Frazee replied, “You hit the homers and I’ll feed you.” . .So Harry gave him a contract for three years at SIO,OOO a season.

DEATH SUIT CASE SET Sahara Grotto Crossing Trial Before Jury Next Week. Date for trial of the first damage suit growing out of the Sahara Grotto crossing crash Oct. 14, 1927, in which twenty persons were killed, has been set for next week before a jury in superior court two. The suit is that of Alma L. Wolford, administratrix of the estate of Harold O. Wolford, a victim, seeking SIO,OOO damages. Arthur W. Brady, receiver for the Union Traction Company, is named defendant. Brady is defendant in twelve other suits filed by relatives of other victims. PAVING HEARING SET Arguments on Denny Street Work Scheduled for Friday, Arguments on remonstrances of fourteen property holders against the paving of Denny street between Twenty-sixth and Twenty-eighth streets, will be heard Friday by Circuit Judge Harry O. Chamberlin. Headed by Timothy B. Laughlin, the residents contend the improvement is unnecessary, and that the proposed cost is excessive. NEW YORK COFFEE RANGE —Sept. 30— Hieh. Loir. Close. January ............. 13.43 13.43 13.43 March 13.10 13.94 13.09 Mav 13.70 12.75 12 75 July 12.54 12,54 12.54 September 12.25 12 (Jo 12.25 December tiM ISM 4MI

PAGE 15

PROSPERITY IS VISIONED FOR' GRAIN GROWER New Farmer Corporation Heralded as Hope of Middle West. PM Tina s sm eial PHILADELPHIA, Oct. I—'The Farmers' National Grain Corporation, now being formed as the first great co-operative body sponsored by the new federal farm board, will be in position to bring immediate prosperity to the vast middle west wheat belt, provided it can begin operations with this year's crop. Such is the view of B. W. Snow, crop and market analyst, expressed in the October issue of the Farm Journal, national agricultural monthly. “The plan is to be tried just at a time when the forces of nature are aligned as allies.” says Mr. Snow, “and the immediate call is for speed in getting the co-operative machinery under way, to take advantage of prevailing conditions. “If the grain corporation is ready to get into action soon, it will find a very moderate wheat crop surplus in the United States and a world deficiency in the new’ crop,” the analyst observes. “Instead of being launched into a buyers’ market with a supply above all needs and wheat hard to sell, it will begin to function in a sellers’ market where demand outruns supply. Control Is Given. “Under these conditions, the ability to control the volume of actual wheat and to merchandise it in a market where there are more buyers than sellers ought certainly to carry with it the power largely to determine prices. “A second factor also favors the movement because it decreases the burden of cash wl r- L •-■ *he corporation must carry to cr \ The present American whea' has been shipped from the nd is stored at the terminals extent perhaps never before eq® „and. “This rush to market was in volume far beyond needs of consumers. Hence the buying of wheat to store and carry because an attractive speculative venture. A large part of the wheat visible in primary markets has been bought at a discount under futures and hedged for delivery in December or May at price that includes full storar” charges. Can Dictate Pri e. “This will not be marketed until consumers are prepared to pay a price that nets a profit above carrying charges. Thus when the export demand comes, it will have to be met out of current arrivals as far as possible. If, therefore, the grain corporation is ready to take on such receipts as they arrive, it goes into a position where it can dictate the export price, at least as long as the foreign buyer can not satisfy his needs in another market.” The grain corporation, therefore, is protected in the beginning from competition with a large part of the current visible supply, with the burden only of taking care of the small new current arrivals, to be doled out to export buyers, The Farm Journal article concludes. EMBEZZLER SENTENCED F, T. Herrmann Will Serve Term at Michgian City Prison. F. T. Herrmann, 620 North New Jersey street, today was in the county jail awaitnig transportation to the Indiana state prison to serve a two to fourteen-year sentence given him Monday by Criminal Judge James A. Collins on a charge of embezzlement. Herrmann is alleged to have embezzled $3,500 from Fred R. Scanlon of Miami, Fla., while acting as administrator of an estate. Births Roland and Jeannefta Pond. 2185 North Rural. Martin and Helen Lannan, 115 Hancock. Homer and Beulah Hurley, 1318 HoUidav. Rubin and Mena Clansman, 850 South Illinois. James and Helen Mudd. 235 Wlsconaln. Henry and Sadie Harris, Kelly and Churchman. Lvman and Helen McLcrnn, Methodist hospital. French and Kotherlno Crooks, Methodist hospital. Louis and Helen Rothschild, Methodist hospital. Theron and Vivian Stringfield, 91J Bate*. Girls B'-njamin and Flossie Bromley, 18 North Bellvlew. Pete and Maud Hubble, Christian hospital. Joseph and Helen Hayden, 927 South Capitol. Clayton and Alma Yountr, 225 Orange. Floyd and Ora Stine. 3351 Spann. George and Violet Johnson, 1052% Virginia. Alexander and Nona Boyd, 119 North Gladstone. Louis and Lela Harris. 3469 Van Buren. 1 William and Eula Vaughn, 1018 West Twenty-eighth. James and Katherine Stockton, Methodist hospital. George and Helen Moore. Methodist hospital. Deaths Robert Canady, 14, 606 West Twelfth, Intestinal tuberculosis. Martina Woods Nesbitt, 46, 619 Douglas, broncho pneumonia. Amelia T. Werling, 66, 1322 Leonard, broncho pneumonia. John R. Teegarden, 80, Methodist hospital, appendicitis. Albert R. Hegert, 61, 3403 West Washington, broncho pneumonia. John Carlton Farris, 4 mo., 3353 Hillside. enteritis. Myrtle Minnie Tatem, 44, Coleman hspltal. tetanus. Ruby May Mitchell, 2, 2059 Yandes, acute bronchitis. Mahala E. Miller. 81. 1649 North Temple, chronic myocarditis. Louisa V. Cheeks. 65, 412 West TwentySiXth, hypatic cirrhosis. Helen Woodard, 3, City hospital, eeptlcaemla. Clara May Hyatt. 58. 1362 South Beta mont, chronic endocarditis. William L. Lacey, 69, 839 Oxford, earcinma. Matilda T. Battler, 67, Christian hr*. pi.al. gastric ulcers. Rebecca Saperstin. 71, 1105 Union, act la cardiac dilatln. gius ildred NeU ’ 21 ’ LoaK meniiwnbur Burns. 1 month, 923 West New York, peritonitis. Richard Dellinger. 9 months, City hospital. whooping cough. ■A pn‘S,„ll Chrl ’ t '“ “-W. Mr:ry Murray. 50, 2621 Northwestern. mural insufficiency. western, Mjrinie Thompson, 47, Methodist hospital, encephalitis. Contagion Wholly Absent Pjf Timr* fcj.prjal ANDERSON. Ind., Oct. I.—Anderson has passed a week during which the city health hoard has not recorded a single case of contagious disease. Dr. E. M. Conrad, secretary oi the board, says Um record is i hamml Mt>