Indianapolis Times, Volume 41, Number 136, Indianapolis, Marion County, 17 October 1929 — Page 19

OCT. 17, 1929_

U. S. STEEL UP 7 POINTS IN EARLY TRADE Oils Meet Heavy Selling After Morning Rally.

Average Stock Prices

Average of twenty Industrials for Wednesday was 34699 off 1111. Average of twenty rails was 178 91. off 2.40. Average of fort', bonds was 92 88. up .20. Hu I >('ed Prrgg NEW YORK, Oct. 17—Leading Industrial stocks rallied today after undergoing further pressure in the first hour on the Stock Exchange. United States Steel, which had been forced down to 210 Li in early trading, came back to 217 and the other “blue chips” followed. Trading was more active. Traders were still cautious, but there was evidence of better support on the theory that the secondary reaction had run its course and the market now would be in shape for a renewed advance. Bidding was brisk for several of the leaders in the industrial, railroad and oil divisions. Utilities, on the other hand, met heavy selling orders that forced them down 1 to 5 points and they rallied but slowly. International Combustion dropped to anew low following action of directors in passing the dividend. American Telephone & Telegraph, Radio, Columbia Graphophone! Bethlehem Steel, Western Union and standard oil of New Jersey were among the strongest Issues on the board, rising from fractions to more than four points. Columbia Gas rallied more than 2 points. In the rails New Haven was the outstanding feature. Good demand also was experienced in the oils by Royal Dutch which rose nearly a point. Trading during the first half hour amounted to 592,400 shares, compared with 442,300 shares in the same period Wednesday. This was accomplished by presence of several large lots on the opening, ranging from 1.000 to 10,000 shares. Call money renewed at 7 per cent, unchanged from Wednesday, and time money continued easy in tone.

Banks and Exchange I I

INDIANAPOI IS STATEMENT Indlanapoli* hank clearings Thursday, Oct. 17. $4,338,000; debits. $10,093,000. CHICAGO STATEMENT Bu T'nitrd Press CHICAGO, Oct. 17.—Bank clearings. $123,700,000; balance, $7,600,000. NEW YORK STATEMENT Bu T'nitrd Prrgg NEW YORK. Oct. 17.—Bank clearings: Exchanges at the New York clearing house. $1,742,000,000 balance. $271,000.COO; federal reserve credit balance, $196,000,000. TREASURY STATEMENT Bu T'nitrd Press WASHINGTON, Oct. 17.—Treasury net balance on Oct. 15 wac $331,035,639.41; customs receipts for the month to the same date totaled $25,846,571.73. FOREIGN EXCHANGE Bn T'nited Press NEW YORK, Oct. 17—Foreign exchange closed firm. Demand sterling. $4 86%. up .00’.*c; francs, 392 15-l Cc. up ,00'*c; lira, 5 23'*c. up .00 l-16c: beige, 13.95%c, up .00%c; marks, 23.8;%c, up .00 %c.

In the Stock Market

<B” Thomson A: M'Kinnon) NEW YORK. Oct. 17.—Apparently liquidation in the security markets is world-wide, judging from cables from European financial centers. Apprehension over our own business outlook is increasing, as we find unmistakable trade indices clearly foreshadowing a curtailment in our basic industries. Within the market itself there is a complete reversal from the optimism so noticeable up to a few’ days ago. The lack of support in our highest type of issues has probably engendered more pessimism than the changed business situation. So far as we can judge, the financial picture offers nothing in the way of encouragement, with routine news generally taking a turn that is far from reassuring. To add to the uncertainty, it seems to be the general impression that the brokers’ loans report this afternoon w’ill be disappointing. We feel that the best policy for the present is to use such technical rallies as develop to reduce long commitments. A definite change in the downward trend appears rather remote. Building Permits M. E. Zink. garage. 1022 South Alabama $2lO. H. L. Simons, dwelling and garage. 558 b Washington boulevard. $53 000. C. Marshall, dwelling. 2352 North Temple. $-.500. C. Marshall. Rarage, 2860 North Temple S2BO. A Krapes. reroof. 735 North W'arman, $250. Pike Realty Comnenv. dwellin'- and garage. 5686 North Delaware. $6,000. S. J. Hatfield, remodel. State and Roosevelt. $250. F B. Kellogg dwelling and garage. 5201 Washington boulevard. $11,500. j Baggeriv. garage. 4202 East Sixteenth, $265 ,T L. Reed, garage. 210 South Oriental. $265. F. R. Stewart, repair. 368 North Bolton, S4OO. W. Hardv. garage 1810 Orange. S2OO. O. Crenshaw, storeroom. 1441 Perkins, •1 200. Civic theater, repair. 1853 North Alabama. $15,000. GIRLS TO GIVE PAGEANT Friendly Society of Episcopalian Churches Wifi Meet. “The Four Elements." a pageant, will be presented Saturday and Sunday at St, Paul’s Episcopal church by girls from St. Matthews’ Episcopal church in connection with the fifth annual meeting of the Girls’ Friendly Society of the Indianapolis Episcopal diocese. Dr. Lewis Brown, St. Paul’s rector. will conduct sendees at 3 Saturday. A breakfast Sunday morning in St. Paul’s parish rooms will close the meeting. BUILDERS WILL MEET Program for the Indiana Building Congress and Trade Show, Oct 21-26, at the Manufacturers' building, Indiana state fairground, is being completed, according to Fermor S. Cannon, general chairman. Practically all of the exhibition apace has been taken for displays of materials, supplies and articles used is the building and allied arts Industries.

New York Stocks

—OCt. 17— Prev. Railroad.l High. Low. 32.00. close. I Atchison 280 278% 279% 277 At: Coast Line . 186 186 186 Balt & 0hi0... . 132 Mi 131 % 132% 131% Canadian Pac ..216 215 216 215 Chesa it Ohio . 265 V 262% 265% 205% Chesa Corp 82 81V* 81% 81 Chi & N West... 9714 97 97 97 Chi Ort West.. 16% 15V, 16% 1 C R I dt P 136% 135 V, 136 1 a 136% Del Si Hudson .. 197 195% 195% 197 Dei & Lacks . 158 155% 158 158 . Erie 80% 79% 80% 78V, Erie Ist pfd 84% 64% 64% 84 V* Grt Nor 115 Gulf Mob ki 011 47% 46V* 47% 45% 111 Central ....137% 137 137% 137 Lehigh Valley . 83V* 83% 83% ... Kan City South 97 I Lou & Nash 143'/, Minn 8 L 2% 2% 2% ... M K * T 58% 57 58% 58 Mo Pac pfd.... 14174 141 141% ... N Y Central. . .224 221 224 220% N Y C & St L 179 177 178 178 NY NH & H 129% 126% 129% 125V* Nor Pacific 101V* 100% 100% 102 Norfolk & West 275 272 272 278 O Si W 19% 19% 19% 19 ' Pennsylvania ~..101’/* 100% 101% 101% Pere Marq 212 I P & W Va 143 Reading 128 126'% 128 129 l Seab'd Air L... 15% 15'/, 15% 16 Southern Ry 150% 150% 150% 149 Southern Pac ..140% 140 140% 140% St Paul 38% 38 % 38V* 38% St Paul pfd 59 58 58 58V, St L Si 8 F. .122% 122 V, 122% 122% Union PaclffC .270 209% 270 270% , West Maryland.. 33% 26% 33',, 37% Wabash 63 63 63 West Pac 33% 33% 33% ... , Rubber*— Ajax 3% 3% 3% 3% ! Fisk 7% 7 Vi 7% 7% Goodrich 67 66% 66 V, 67 Goodyear 104 101% 103% 102%: Kelly-Spgfld .... 8% 8% 8% 8% Lee 10% 10% 10% 10% I United Sttaes .. 53% 52% 53% 52% Equipments— Am Car dr Fdy 93% Am Locomotive 112% 112', 2 112'/, 113 Am Steel Fd 55 Am Air Brake S . ... ... 54% Man Elec Sup.. 27 26% 27 27% Oeneral Elec .352% 345% 352% 349 Gen Ry Signal..lo9 107 108 108% Gen Am Tank .117'* 115% 117 V, 116% N Y Air Brake.. 46V* 45% 46% 46 Pressed Stl Car 16% 16% 10% 16V, Pullman 93 91% 93 92V, Westlngh Air B 59% 58 s , 59% 58% Westir.gh Elec ..223% 218% 217V* 222% Steels— Am Roll Mills.. 131% 128 131% 129 Bethlehem 113% 111% 113% 112 Colorado Fuel ~ 59% 58 59Va 62 Crurlble 101 % 100% 101 101 CVulf States Stl 70 Inland Steel 96 96 96 96 Otis 52% 52 52 51% Ron Iron Si 5t1.120% 117% 120 119% Ludlum 92 s , 92% 92% 93 U S Steel 217 210% 216% 213% Alloy 56% 56% 56% 56 Warren Fdy 20 19% 20 20 Youngstown Stl 131 131 131 79% Vanadium Corp. 80 79 80 79% Motors— Am Bosch Mag.. 83% 59", 63 61% Briggs 23% 21% 23 21% ; Brockway Mot 28Vi Chrysler Corp... 58% 57 58% 58% Eaton Axle 51% 50V, 50% 51% Graham Paige .. 17 16% 17 17 Born Warner... 54% 52V* 54 56 General Motors 64% 63% 64% 64 Elec stor Bat... 20% 19% 20 21V, Hupp 41 40V, 41 40V, Mack Trucks ... 95% 94% 95 94V, Marmon 41% 41 41% 42 Reo 16% 16% 16% 16’/, Gardner 8 7% 7% 8 i Motor Wheel... 38% 38% 38% 39 Nash 78V* 78% 78% 79 Packard 25% 25% 25% 25% Pierce Arrow 29% 1 Studebaker Cor. 64% 63% 64 63% ' Stew Warner.... 56% 55V, 56% 55% Timken Bear... 136% 130', 134% 133 Wtllys-Overland. 18 17% 18 18 Yellow Coach ... 23% 22% 23% 22% White Motor ... 46% 44% 46% 44% Mining— Am Smelt & Rfg 109% 108 109% 108% Am Metals 67 664* 67 66'% Am Zinc ... ... 20 Anaconda Cop ..111% 109 111% 110 Calumet & Ariz.l2o% 121% 121% 122 Caiumet & Hecia 40% 40V* 40% 40% Cerro de Pasco.. 89% 88V, 884, 88% Dome Mines BS48 S 4 Andes 494* 49% 49V* 50% Granby Corp ... ... 84 Greene Can Cop 175 Gt Nor Ore 29% 29% 29% 30 Inspiration Cop. 40% 39% 40% 40 Howe Sound 60 ! Int Nickel 52 50% 52 51V, 1 Kennecott Cop 80 78% 79% 79% Magma Cop .... 68% 68% 68% 69% Miami Copper ..: 40% Nev Cons 45 43% 45 43% Texas Gu! Sul.. 68% 66% 68 68 St. Joe 76% 73% 76% 72 U S Smelt 48 48 48 48 Atlantic Rfg ... 58V, 56% 57% 56% Barnsdall (A) .. 334, 33% 334, 33% Freeporl-Texas.. 43 43 43 43% Houston Oil .... 89V, 87V, 88% 87% Indp Oil Si Gas. 30% 30% 30% 30% Confl Oil 35V, 34% 35% 34% Mid-Cont Petrol 33V, 324', 33V, 32% Lago Oil & Tr. 31V* 31% 31V* 31% Pan-Am Pet B. 65% 65 65V* 64% Phillips Petrol. 41 41 41 40% Union of Cal . 52% 52 52V, 52% Prairie Pipe ... 62 62 62 62 Pure Oil 29 28% 29 28% Royal Dutch ... 62% 60% 62% 60Vi Richfield 33V* 38% 38% 39 Shell 27 Vi 27% 27% 27 % Simms Petrol .... 33 Sinclair 34% 34 34 33% 3kelly Oil ... •••,, 39% Std Oil Cal .... 72% 72% 72% 74 Std Oil N J 81% 79% 81V* 79% Std Oil N Y . 444* 43% 43% 44 Tidewater 17% 174* 174 k 18% Texas Corp .... 63% 62 63 63% Texas C&O .. 15% 15% 15% 154* Transcontl .... 12% 12% 12% 12% White Eagle 33V, 33 33% ... Industrial*— Adv Rumlev ... 32 32 32 32 Allis ChYtlmers. . 62'/, 62 62 62% Allied Chemical.3ll 309% 311 310 A M Byers 147% 153% 149% Armour A 10% 10% 10% 10% Amer Can 169 165% 168V2 166*', Alleghanev Corp 444 k 44% 4444 44‘a Am Safety Raz. 63% Am Ice ..f ... 44 Am Wool 14% 14V* 14V* 14% Assd Drv Goods 48 474* 474/, 48% Bon Alum 104% Coca Cola ...148% 1474', 148% 147'1 Conti Can „'... 82 81% 82 82% Certelnteed 24% Croslev 77% 75 75 77 Vi Congoleum 23% 23% 23% 23% Curtiss W 15 14 s * 14% 15% Davidson Chem 53% 53V* 53% 54% Du Pont 186 184% 186 185 Famous Players 72% 72V* 72% 72% Gen Asphalt ... 82% 81% 82 s , 81% Fox A 96% 95% 96V, 96 Gold Dust 647, 63% 644, 62% Glidden 55% 54% 55% 54% Int Harvester ..112 108% 111% 109 s * Kelvlnator ... 12% 12% 12% 12% 1 Lambert .......124% 123% 124% 125% | Link Belt 45% Loews 60 60 60 604* ' May Stores 89 88 88 87 I Kolster 19V, 18 s * 19% 20% I Montgom Ward. 106 s , 104% 105% 105% Natl C R 1207* 118 120 118 Radio Keith 33Vi Owens Bottle 81 Radio Corp 86% 83% 88% 84 Real Silk 68% 67 68% 68 Rem Rand ... .65% 54% 55% 54 Seirs-Roeb’jck .I*R% I*6 I s * 147'* Union Ca-bide .119% 114% 119 1 a 116 Warner Bros ... 50% Un Air Craft 100 97V* 100 99% Ur.iv Pipe 5 T * 574 J 7 '* 6 U S Cs Ir Pipe 24 23Vi 24 24 U S Indus Aleo 229% 223 229% 225 V, Worthington Pu 118% 115 116% 120 Woolworth Cos.. 92 91 91% 91 Utilities— Am Tel Si Tel.. 289 285 289 289 Am Pr A- Lt 125% 122% 123% 125 Am For Power I*2 138% 142 143 Am Wat Wks.. .155 149% 155 153% Gen Pub Ser... 63 62% 63 66% Col G & E 114 V, 111 m% 111 Consol Gcs 142% 140% 142% 142% Elec Pow Si Lt.. 62 s , 61% 62 62 lint TAr T 124 131% 123% 123% i Nor Am Cos 142 141% 141% 145% 1 Pac * Light 117% 113% 117% 117 Pub Sere N J.. 114% 112% 114% 114% So Cel Edison... 76% 74 74 76% ; Std Gas & E1...193 190 193 195 I United Corp 59% 58% 58% 59% | Utilities Power.. 46% 45% 46% 47

,0n Commission Row

FRUITS Aooles — Delicious, box extra sane?. S4; fancy, 53.75: choice. >262.25: Wealthy 52.50: Malden Blush $2.7563: Jonathans. 52.75: Grimes Golden $2.75: extra fanev box. Grimes. S3: New York Duchess. $2 25 612 50: Gravensteln. S3: Wolf River. S3 50 Cranberries— S3. 7s a 25-lb. box: $7.25 a 50-lb. box. Grapefruit—Florida. SB. Grapes— California, seedless. 52.25 a crate: Malagas. S2 a crate: Tokavs. $2. Lemons—California, a crate. SI 5. Times—Jamacta $2.25673. Oranges—California Valencia. 53.7508 Peaches — New York. $♦ a bu. Plums—S2.7s Idaho. 16-lb. case. SI. VEGETABLES. Beans—Green, stringless. 52.75. Beets—Home-srown. doz. 40c. Carrots—Home-grown, doz.. 50c. Cabbage—S3. so a barrel. Cantaloupes—Flats. 51.25A1.50: Honeydew. 51.75: Casaba melons. 51.75: Colorado $2 25: Tiptops, barrels. $4.50: Jumbo. sl-50 Cauliflower—Colorado crate 51.75. Corn—Home-grown. 253 30c a dozen. Cucumbers—Hothouse, a dozen. $1.25. Eggplant— Sl.so6l2 a dozen: $232.25 a hamoer. Kale—Swing. a buzhel. SI. Lettuce —California Iceberg. SS a crate: home-grown leaf a bushel. SI. Mustard—A bushel. SI. Onions—lndiana vellow. 52.25 a 100-lb Parslev—Home-grown, doz. bunches. 45c. Peas—Colorado. $666.25 a hamoer. Penoers —Home-grown $1.50 a bushel. Potatoes—Wisconsin and Minnesota white. 54.506i4.75 a 160-lb. bag: Red River Ohlos. 12 lbs.. 53.75: Idaho Russets. 53.75. Radishes— Button, hothouse, dozen 50c Southern htnc red. 15625 c dozen. Sweat potatoes—Virginia Jerseys. S4 a barrel: S2 a bushel: Indiana Jerseys. $2.15 a buzhel Tomatoes—Homs-crown a bushels. s2d a 50; 15-ii, basket. Ha

ißy Thomson & McKlnnom

United O & Imp .. 75% West Union Tel 244% 238% 244% 239 Shipping— Am Int! Corp.. 80% 77% 80% 79 Atl Gulf 4W I 77% 77% 77% 78% Inti Mer M pfd 38% 36 38% 36% United Fruit ..137 126 137 128% Food*— Am Sug Rfg,... 76 76 76 76 Beechnut Pkg.., 83 California Pkg.. 78 77 77 78V* Canada Dry 87Vi 88 87 87% Corn Products .123 120% 122% 121 Cont Bak A.... 66% 86% 60V', 67 Cuban Am Sug.. 11% 11% 11% 11% Hershev 134% 134 Vi 134% ... Grand Unlotl 22% Grand Union pfd .. 43% Jewel Tea 61 61 61 62 Kraft Cheese... 72% 70% 72% 71% Kroger 80% 80% 80% 82Ve Loose-Wiles 74 s . 73% 73% 75 Natl Biscuit 216 216 21* 216% Natl Dairy 65% 61V* 61% 65% Gen Foods 61% 60% 60% 61% Stand Brands... 47% 36% 37% 37 Ward Baking B 8% BVi 8% ... Tobaccos— Am Sumtra ... ... 38% Am Tob B 218 211 211 215 Con Clears 60 Lie * Mevers . .100 99% 100 100 Loril’ard 26% 25V, 20% 25% R J Reynolds 59% 59% 59% 59% Tob Products B. 10% 9% 9% 10% United Cigar St 10% 10 10 11 Schulte Ret Strs 17% 17Vi 17 18

Produce Markets

Eggs—Country run. loss off delivered In Indianapolis. 38c: hennery aualitv. 46c: No 1 36c: No. 2. 26c. Poultry (buying pricesl—Hens, weighing 4% lb. or over. 230 24c; under 4’/, lbs.. 21c: Leghorn hens. 15c to 17c: roasting chickens. 4% lbs. or over. 21c to 22c: springers under 4% lbs.. 18c to 20c: springers over 4% lbs.. 21'522c: Leghorn springers. 15c: old cocks. 14c to 15c. Young turkev hens (must be fati 32c: voung toms. 28c: old hens 24c: ovd toms. 20c. Ducks 'full feathered' 12c. Geese (full feathered 1 9c. Guineas. 30c. These prices are for No. 7. top aualitv poultry, auoted by Kingan Si Cos Butter (wholesale)—No. 1. 49050 c: No 2. 47048 c. Butterfat—46c. Cheese (wholesale selling price per pound I—American loaf. 35c: pimento loaf, 37c: Wisconsin firsts. 27c: Longhorn. 27c: New York llmberger. 30c. Bu T'nitrd Prrgg CLEVELAND. Oct. 17.—Butter—Extras. 49c: extra firsts. 44c; seconds. 43c. Eggs —Extras. 47c: firsts. 39c: ordinaries. 30c. Poultry—26o2Bc: broilers. 25(6 27c: Leghorn. IS/V 18c: Leghorn broilers. 20@22c; ducks. 22@23c: old cocks. 18 0 20c. Potatoes —Ohio and New York $4.25 per 150lb. sack.: Maine green mount. $4.50®4.60 per 150-lb. sack: Idaho Russet. $3.50 per 100-lb. sack: homo grown. $1.6061.65 per bushel sack. B >> f Prrgg CHICAGO. Oct. 17.— Eggs—Market, firm; receipts, 3.707 cases; extra firsts, 43 6 44c; firsts, 41 042 c; ordinaries. 34<g37c; seconds. 26@33c. Butter—Market, unsettled; receipts. 4 331 tubs; extras. 45c; extra firsts, 42V,6 44c: firsts, 39640V,c; seconds, 376 38%c; standards. 43Vic. Poultry—market, steady: receipts, 5 cars; fowls, 25; springers, 13: Leghorns, 19620 c; ducks, 196 21c; geere, 20c- roosters. 20c. Cheese —Twins, 22% 6.22 %c; Young Americas, 24 %c. Potatoes—On track, 437; arrivals, 120: shipments. 1,397; market, fair, slightly weak on middle westerns, others steady; Wisconsin sacked Round Whites, $2,356! 2.50; Minnesota and North Dakota Red River Ohlos. $2.4062.55; Minnesota sacked Round Whites, $2.3062.40; South Dakota Early Ohlos. $2.50 6 2.60; Idaho sacked Russets. $2.256.3.40; South Dakota sacked Round Whites, $2.3062.40, Bu T'nitrd Prrgg _ NEW YORK, Oct. 17.—Flour—Dull and lower; spring patents, $6.406 6.70. Pork —Oulet. Mess —$29.50. Lard—Steady. Middle West—Spot. $11.25611.35. Tallow —Steady; special. B@B'/*c. Potatoes — Steady and unchanged: Long Island. $361 6.50; Maine. $4.2565.35. Sweet Potatoes —steady; southern baskets. $161.25; southern barrels. $1.756 3: Jersey. $1,256! 1.85. Dressed Poultry—Steady; turkeys, 34650 c; chickens, 25638 c; fowls. 20633 c; ducks. 18623 c: ducks. Long Island. 236; 26c. Live Poultry—Steady to firm: geese, 13 6 22c; fowls. 23636 c; turkeys. 35645 c; roosters. 176 18c: chickens, 20@28c; broilers. 30640 c. Cheese—Firm: state -whole milk, fancy to special, 27% 6 29%c; Young Americas. 25 6 27c.

Cash Grain

The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41'/2C New York rate, were: Corn—Easv: No. 2 white 90 ! 2@91Vic: No. 3 white. 89’2@>90>/ 2 c: No. 2 yellow. 88'/2 89'>c: No. 3 vellow, 87V 2 f<i.8aV->c: No. 2 mixed. BR4iß7c: No. 3 mixed. 85® 86c. Oats—No. 2 white. 43®;44c; No. 3 White. 42 43c Hay—Steady; No. 1 timothy. $15.50® 10: NO. 2 timothy. $15015.50: No. 1 light clover | mix'-d. $14.50<?715. Whea—No. 2 red. 3 cars; No. 3 red. 4 cars; No. 5 hard 1 car. Total. 8 cars,. Corn—No. 1 white. 1 car; No. 2 white. 3 cars: No. 3 white. 1 car: No. 1 yellow-. 9 cars: No. 2 yellow. 12 cars: No. 3 yellow. 3 cars: No. 6 vellow. 1 car. Total, 30 cars. Oats—No. 2 white. 2 cars: No. 3 white. 7 cars: No. 2 mixed feed. 1 car. Total, 10 cars. . „ , , , Hay—No. 2 timothy 1 car. Total, i car. Other Livestock Eh Time * Special LOUISVILLE. K.y.. Oct. 17.—Hogs—Receipts. 500: market 10c lower: mediums and lights. 130-250 lbs. $9.254:9.80; extreme heavies. 250 lbs. up. $9.20; pigs. 130 lbs. down. $6.150 7.40: stags and throwouts. $6.6507.25. Cattle—Receipts. 200; market, bulls. 25c higher: others steady, prime heavy steers. $11012.50: heavy shipping steers. $9011: medium and plain steers $7.5009: fat heifers. $7010.50; good to choice cows. $6.50(58: medium to good cows. $5.7506.50: cutters. $5.25(55.75: earners. $4,500-5: bulls. $608.25: feeders. $3 010.50; Stockers. S7OIO. Calves—Receipts. 200: market, steady; fancy calves. $13.50; good to choice slo.sool3)'medium to good, $7.50010: outs. $7.50 down. Sheep—Receipts. 200: market, steady: ewes and wethers. $11.50: buck lambs. $10.50: seconds. $507: shep. $405. Wednesday’s shipments: Cattle. 79: calves. 192; hogs, none; sheep. 261. Bu X'nitrd Pres* FT. WAYNE. Oct. 17.—Calves—Receipts. 50; hogs, receipts 350; sheep, receipts 150; hog market steady to 15 cents lower: 90110 lbs.. $8 50; 110-140 lbs.. $9; 140-160 lbs.. $9.35; 160-200 lbs.. $9.55: 200-225 lbs., $9.65: 225-250 lbs.. $9.55; 250-300 lbs., $9.55; 300-350 lbs.. $9.25; roughs. $7.75; stags. $6; calves, sl6; lambs, $11.50. Rii Vnited Preen PITTSBURGH. Oct. 17.—Hogs—Receipts. 2 250: market, weak to 10c lower. 250-350 lbs. $0.250 9.75: 200-250 lbs., 59.50® 10.30; 160-200 lbs,- $10.15010.30: 130-160 lbs., $9.750'10.30: 90-130 lbs.. $9.50010; packing sows. $808.75. Cattle—Receipts, none; calves. 50; market, steady. Beef steers. $lOOl2 50: light yearling steers and heifers. $9012; beef cows. $6.50 09; low cutter and cutter cows, 54.5006; vealers. sl4o' 17- heaw calves. $lOOl5. Sheep—Receipts 750: market, steady: too fat lambs. $13.25: bulk fat lambs, [email protected]; bulk cull lambs. $9011: bulk fat ewes, ss®6; bdlk yearlings, S7OIO. MEET ON SOUTH SIDE TO BOOST CANDIDATES Hostesses Named for School Ticket Session at Y. W. Branch. First general south side meeting to boost the candidacy of members of the Citizens School ticket will be held Friday at 3:30 p. m. at the Y. W. C. A. branch at 717 South Alabama street. All citizens interested in the Nov. 5 election are invited. Mrs. H. E. Stuckmeyer is hostess for the women's teas with Mrs. Otto Weiffenback and Mrs. J. H. Rosenberg as assistants. Mrs. Maud Miller and Julien Metzel, school candidates, will speak. Mrs. Sumner A. Fumiss was hostess at the Phyllis Wheatley Negro branch of the Y. W. C. A. at a tea I for voters of the northwest today. ; Mrs. Rhoda Hanly presided. Speak- ; ers were Mrs. Miller and Dr. Mary G. Evans. Mrs. Elsa Huebner Olsen will speak tonight before the Business and Professional Women’s Club at the Women’s Department Club at Seventeenth and Meridian street. Mrs. George C. Finfrock addresed the Woman’s Alliance of the Unitarian church this afternoon. Swindler Gets $175 Eh Timet Special YORKTOWN, Ind., Oct. 17.—The Yorktown State bank has learned a lesson at a cost of $175. A stranger, who said he was a railroad construction official, visited the bank, offered a supposed certified check for $475 for deposit, and then drew out lira in cash. The check wasn’t good, r

THE INDIANAPOLIS TIMES

PORKER PRICES OFF 25 CENTS AT CITY YARDS Cattle Slow and Steady: Vealers Unchanged, at sl6 Down. Oct Bulk Ton Receipts 10. $9.706 10.15 $10.25 6.500 11. 9.75610 10 10.15 7.500 12. 10.00010.25 10.35 4 000 14. 10.40 10.40 6 009 I 15. 10.00 10.10 9.000 | 16. 9.90® 10.00 10.00 5.000 ; 17. 9.65 9 90 6 000 Hog prices were mostly 25 cents lower today at the city stockyards. The bulk, 160 to 300 pounds, were selling at $9.65; a few short butchers brought $9.90. Receipts were estimated at 6,000; holdovers. 894. Cattle held steady, with a few ; early sales at $11.50; top price $16.10. Vealers stationary selling at sl6 down. Sheep and lambs were mostly 50 cents lower than Wednesday’s average, with a few. sales selling at sl2 to $12.50. Chicago hog receipts were 23,000, ! including 4,500 directs; holdovers, 1 7,000. The market opened steady with Wednesday’s average, numerous bids were 10 to 25 cents lower. Choice of 180 to 250 pound weights sold at $9.75. Cattle receipts were 9,000; sheep, 13,000. . Indianapolis livestock prices today: Hogs—l6o to 200 pounds, 58.65 to $9.50; 200 to 250 pounds, $9.65 to S9.SO; 130 to 163 pounds, $9.25 to $9.50; 90 to 130 pounds, $8.25 to $9; packing sows, $7.50 to $8.50. Cattle—Receipts, 1,100; calves— Receipts, 700; market steady; steers, $11.50 to $16.10; beef cows, $7 to j $9.50; low cutter and cutter cows, $3 to $6.50; veals, sls to sl6; heavy calves, $6.50 to $11.50; bulk stock and feeder steers, $7.50 to $10.50. Sheep—Receipts, 1,000; market 50 cents lower; top lambs, $12.50; bulk fat lambs, sl2 to $12.50; bulk cull lambs, $8 to $10.50; bulk fat ewes $3.50 to $5.50. —Hogc— Receipts, 6,000; market, lower. 200-250 lbs 9.65® 9.50 160-200 lbs 8.65® 9.50 130-160 lbs 9.256; 9.50 90-130 lbs 8.25® 9.00 Packing sows 7.50 @ 8.50 —Cattle— Receipts, 1,100; market, steady. Beef steers $11.50616.10 I Beef cows 7.006 9.50 Low cutter end cutter cows... 5.00® 6.50 Bulk stock and feeder steers.. [email protected] —Calves— Receipts, 700; market, steady. Best veals $15.00616.00 Heavy calves 6.50®U.50 —Sheep— Receipts, 1,000; market, lower. Top fat lambs $12.50 Bulk fat lambs [email protected] Bulk cull lambs 8.00610.50 Bulk fat ewes 3.50© 5.60 Other Livestock Bu T’nitrd Press CHICAGO. Oct. 17.—Hogs—Receipts. 28.000; Including 4.000 direct; market mostly 10625 c lower and slow; top. $9.75; bulk. 150-300 lb. weights. [email protected]: packing sows. SB6 8.75; big weights. $7.75; butchers, medium to choice. 250-350 lbs.. $909.75; 200-250 lbs.. $9.2569.75; 160-200 lbs. $9.25 ©9.75; 130-160 lbs.. [email protected]; packing sows, $7.650 8.75: pigs, medium to choice, 90-130 lbs.. $3.85®9.60. Cattle—Receipts, 9.000: calves, receipts. 2,000; two-way market on fed steers and yearlings: lower grades, strong to higher: oShers slow and steady to weak, mostly steady; top. sl6; slaughter classes, steers, good and choice, 1300-1500 lbs.. $13015.50: 1100-1300 lbs.. $13.50 6 16.50; 950-1100 lbs.. $13.50616.50: common and medium. 850 lbs. up. [email protected]: fed yearlings. good and choice, 750-950 lbs.. $13.75 @16.50: heifers, good and choice, 850 lbs. down. $13.50615.25; common and medium, $8®13.50; cows, good and choice, $8.65@ 11: common and medium. $6.7568.75; low cutter and cutter, $5.5066.75- bulls, good and choice, beef $8.65® 10.25: cutter to medium. $7.25@8: vealers. milk fed. good and choice. $12.75 6 15.50; medium, $11,506) 12.75: cull and common, [email protected]: stocker and feeder steers, good and choice all weights. $10.256 11.75: common anad medium. $8.25610.25. Sheep--Receipts, 13 000; market, opened slow and around steady; bulk native lambs. $12.50® 12.75; choice rangers held around $13.25: fat ewes. $4.25 @5.25: feeding lambs steady; lambs, good and choice. 92 lbs. down, $12.25613.25: medium, $11612.25; cull and common. $7.50 @11: ewes, medium to choice. 150 lbs. down $465.50: cull and common. $2.25® 6; feeder lambs, good and choice. $12.25® 13.40. Bu T'nitrd Prrgg EAST BUFFALO. N. Y.. Oct. 17.—Hogs— Receipts, 1.100; holdovers. 200: market, active generally steady: 250-350 lbs.. $9.75 @10.50: 200-250 lbs.. $10.25610.50; 160-200 lbs.. $10.40(010.50: 130-160 lbs.. $10.25® 10.50: 90-130 ids. $lO6 10.50; packing sows. $8.25 69. Cattle—Receipts. 160; market, fully steady; calves, receipts, 100; market, unchanged; beef steers. $13.25615; light yearling steers and heifers, $13615.75: beef cows. $3.2509.75: low cutter and cutter cows. $4.50®7.25: vealers. $17.50618. Sheep—Receipts. 700; market. lambs weak. 25c lower: top fat lambs. $12.75® 13.25: bulk fat lambs. $9610: bulk cull lambs, $5.50@6. Bu T'nitrd, P egg CLEVELAF D. Oct. 17.—Hogs—Receipts, 1.500; holdovers. 66; market, steady; 250350 lbs.. $9,406.10.50: 200-2&0 lbs. slo® 10.50; 160-200 lbs.. $lO6 10.50; 130-160 lbs„ $10010.50: 90-130 lbs.. $9.85 010: packing sow's. $8.2568.50. Cattle—Receipts. 225: calves. 325: market, steady; beef steers. *7.254® 10: beef cow-s. [email protected]; low cutter and cutter cows. $5 6 5.75: vealers. $12,500 18. Sheep—Receipts 1.600: market, steady; bulk fat lambs. $13613.25; bulk fat ewes. [email protected].

Local Wagon Wheat

City grain elevators are paving $1.14 for No. 2 red wheat and sl.lO for No. 2 hard wheat. NEW YORK COFFEE RANGE —Oct. 16— January 9.25 9.00 9.00 March 9.60 9.20 9.60 May 9.20 8.95 9.20 July 9.10 9.00 9.10 September 9.10 8.95 9.10 December 9.45 9.10 9.20

A Good Time to Buy City Trust Company 5 y 2% First Mortgage Ce.tific t s Maturities 1 to 5 Years PRICED TO YIELD 6% City Securities Corporation 108 E. Washington St.

Business —and— Finance

A. M. Castle & Cos. today reported earnings for the third quarter of 1923. ending Sept. 30, as $237,615 after all charges. Including federal taxes, equal to $1.98 per share on the 120,000 shares of common ; stock outstanding. For the first _ nine months of the year, earnings were s66b,- i 402 or $5 55 per share. This is a gam | of more than 33 per cent over the same : period of 1928. when the stock earned I 54.15 per share in the first nine months of the vear. Earnings at that time were $498,470'. The preliminary report of Moody’s Investors Service for the fiscal year ended Sept. MO. 1929. shows net income, after reserves for taxes, of $ < B'. equivalent to $8.23 on the 66.090 shares of participating pr-feience *iock authorized and outstanding. This compares with $338,691.73 for the fiscal year ended Sent. 30, 1928. being an increase or $136.365.57. or over 16 per cent. Approximately 90 per cent of the outstanding stock of the Southern Asbestos Company has been deposited under a plan for merger with the Thermoid Company, according to an announcement Tuesday, bv R. J. Stokes, president of the litter : organization. The board of directors of both companies have declared the Plan operative. NEW YORK. Oct. 17.—Announcement was made by Central Atlantic State Service Corporation of organization cf Cassco Securities Comnery. wholly owned subsidiary which wl have as its purpose carrying out of c--tomer stock ownership distribution plans. A. B Robins has bean elected president of the new company. The Phillips Petroleum Company announces purchase of the Hancock Oil Company’s sixty-one service stations and fifteen bulk stations in Minnesota and Wisconsin, which now gives them eightytwo service stations and four bulk plant stations in the Twin Cities, together with units in twenty-two other cities in Minnesota and Wisconsin. The Phillips Petroleum Company now owns and operates more than five hundred units in the middle west which supply approximately 6,000 retail outlets. WASHINGTON. Oct. 17.—A decline of. two-tenths of one per cent in commodity prices occurred during the week ended Oct. 12. according to the index of wholesale prices compilad by the National Fertilizer Association. Directors of the Columbus Auto Parts Company have declarccj the regular quarterly dividend of 50 cents a share on the convertible cumulative preference stock, payable Dec. 1. 1929. to stockholders of record at the close of business Nov. 16. 1929. The first lakes-to-gulf airplane-train transportation service was announced here today with completion of an agreement between the Illinois Central System and Continental Air Services, Inc. A contract for financing the foreign sales of Auburn and Cord motor cars has been signed with the Auburn Automobile Company by Commercial Investment Trust, Inc., according to an announcement made today. Among the cars in Its own class Auburn ranks well up among the leaders In popularity abroad, while the new irontdrlve Cord car. recently Introduced, Is making rapid strides In foreign markets. Marriage Licenses Walter O. Seniour. 34. of Fairland. commercial pilot, and Ethel A. Burkhardt, 19, of R. R. 8. Box. 108 G. Homer B. Blacker. 23. of 4216 Baltimore, clerk, end Eva E. Eaglen 18. of Acton. George R. Hollingsworth. 54, of New Augusta, farmer, and Emma C. Smith, 63. of 2730 Barth, nurse. Ferdinand G. Graf. 25. of 6384 Broadway. plumber, and Honora M. O’Neill. 24, of 1401 East Michigan, clerk. James L. Moffett, 22. of 306 North Irvington. bank employe, and Beulah P. McMechan. 21. of 1112 W'indsor, stenographer. Roscoe Perry. 21. of 229 East Pratt clerk, and Rose M. Thomas. 20, of 239 East Pratt, waitress. Births Girls Peter and Sarah Morris. 406 West McCarthy. Stanley and Helen Miller. 635 South Meridian. Earl and Settle Grafton. 5498 Brookville Road. Joe and Claire Steen. 2510 East Sixteenth. William and Margaret Specht. 901 Albany. Claude and Pridie Hayes. 605 East Ohio. Herbert and Allie Flinn. 638 North Luett. Jesse and Bonnie McCormic, 2908 North Gale. Boy* Charles and Lena Corbett. 2810 North Olney. W.-drter and Ethel Hall. 920 East Bates. Robert and Liza Clayborn 229 Detroit. Harry and Stella Wilson. 323 North Cable. Deaths Elmer Buchanan. 49. 2167 Kenwood, acute nephritis. Deelohine W. Ware. 33. Methodist hospital. appendicitis. Croatten Ervin. 21. 327 Blake, pulmonary tuberculosis. Floyd Willoughby. 2. Riley hospital, accidental. John Tippett. 68. 517 Arnolda, cerebral hemorrhage. William Washington Barker. 62. 8318 Graeeland. acute dilatation of heart. Thomas Catton. 68, 26 sNorth Addison, anelr.a pectoris. Eliza Ann Orcutt. 73 city hospital, acute myocarditis. Charles A. Colson. 66. 3819 East Michigan. chronic myocarditis. William A. Wood. 65. 1315 West Twentyfifth. cerebral hemorrhage. William F. Borman. 74. 1424 Lawton, arteriosclerosis. Benjamin Franklin Reagan. 90. 3951 North Illinois arteriosclerosis. William J. Donlan. 36. St. Vincent’s hospital. chronic myocarditis. Harold Jamison. 23 days. 1252 West New York, patent foreman ovale. William Britton. 63. 954 West Twentyseventh. carcinoma.

JamesT.Hamill & Company . BROKERS Indlanapolla MEMBERS Chicago Sfoelt Exchange Chicago Board of Trade Indianapolis Board of Trade Aaanrtate New York Curb Correspondent of LAMSON BROS. & CO. OTIS & CO. Stocks, Grain, Cotton 203 Continental Bank Bldg. Tel Riley 5493 Riley 5494

GRAIN OPENING STRONG AFTER 4-GENT DROP # Corn and Oats Continue to Decline With Wheat. Bv l prrgg CHICAGO, Oct. 17.—Wheat p ' 3 opened sharply on the Borrd of 'lrccle today, following Wednesdays 4 cent tumb.e, ana future desold to the lov.es since last July, off# nearly 30 cents from the season’s high time. Liverpool’s . ?avy losses and the absence of any demand abroad induced further liquidation here. Corn and oats continued to decline with wheat. At the opening wheat was 1 to IVi cents lower, corn was off % to % cent and oats were % to Vi cent ower. Provisions were slightly ower. Failure of the wheat market to respond to bullish Argentine crop estimates is said to have viused many speculators, who bought at the height of the Canadian crop scare, to sell out their lines in disgust. Stock of wheat at continental and united kingom ports are estimated 50,000.000 bushels and most traders have given up hope for much export business at present levels. Corn continues to have a good cash demand in spite of the favorable weather conditions, and occasional arrivals of new gifein which forecast an early movement of the crop. Breaks in wheat, however, hav# depressed futures in recent sessions. Longs in oats have been persistent sellers whenever corn and wheat decline and the support of cash houses has not brought any independent strength to the small pit. Chicago Grain Table —Oct. 17WHEAT— Prev. High. Low. 12:00. close. Dec 1.30% 1.29 1.30% 1.30% Mar 1.38 Vi 1.37% 1.38 1.38% May 1.42% 1.40% 1.41% 1.41% CORN— Dec .93 .91% .92% .92% Mar 97% .97% .97% .97% May 1.00% .99% 1.00% .99% OATS— * Dec 50 .49'% .49% .50 Mar .52% .51% .52% .52% May 54% .54'% .54% .54'% RYE— Dec 1.06% 1.05% 1.06% 106 Mar 1.11% 1.10% 1.11 1.11 May 1.12% 1.12% 1.12% 1.12% LARD— Dec 10.97 10.82 10.87 10.85 Jan 11.35 11.25 11.35 11.30 May 11.75 11.57 11.75 11.62 Bsi Times Special CHICAGO. Oct. 17.—Carlots: Wheat, 23; corn. 103; oats. 27; rye. 9.

Continental Illinois BANK AND TRUST COMPANY CHICAGO Statement of Condition at Close of Business, October 4,1929 RESOURCES Cash and Due from Banks . - - * 202,921,324.21 U. S. Gov’t Bonds *nd Treasury Certificates • 83,307,382.91 Demand Loans Secured by Collateral . *252,420,365.30 Time Loans Secured by Collateral . 217,184.844.94 Other Loans and Di*count 220,99u,448.54 690,595,658.78 Bonds and Other Securities ... 78,819,793.40 Stock in Federal Reserve Bank . • 4,200,000.00 Customers’ Liability under Letter* of Credit . 27,964,874.94 Customers’Liability under Acceptance* * • 29,313,.>97.11 Other Banks’ Liability on Bills Purchased and Sold 2,278,810.82 Interest Accrued but Not Collected . 3,837,726.45 Bank Building 15,000,000.00 Other Real Estate • • . . • 229,967.43 *1,138,469,136.05 LIABILITIES Capita! • • * 75,000,000.00 Surplus . . . 65,000,000.00 Undivided Profits 4,274,684.18 Reserve for Contingencies .... 10,000,000.00 Reserve for Taxes and Interest . . 9,133,079.97 Other Reserves 2,215,559.25 Bills Payable Federal Reserve Bank . 29,100,000.00 Liability under Letters of Credit . . 29,093,847.56 Liability under Acceptances . . . 29,615,367.16 Liability on Bills Purchased and Sold • 2,278,810.82 Discount Collected but Not Earned • 2,082,312.82 Deposits j Tinie # # 215,228,654.23 880,675,474.25 *1,138,469,136.05 Deposits ••••*. $ 880,675,474 Resources 1,138,469,136 Invested Capital • • • • 164,274,684 CONTINENTAL ILLINOIS COMPANY . CAPITAL *20,000,000 Jba capital .cock of this Company ie owned by ch rtork holdert of tho Continental liiinott Bonk end Truet Company

The City in Brief

FRIDAY EVENTS Slat* Tearhers' Assoriatian convention. Cadle tabernacle, all dv. Exchange Club. ' uteoin. luncheon. United Stairs Naval Aoadrmv graduate* Columbia Club, lubcheon. Ontitn!t Club. CT'vpnol. loncheon. I Alims a Club Columbia Club, lunch- > er -. Knizht* of Columbus, Spink-Arms. luncheon. . . „ Thl Delta Theta. Chamber of Com-m’-neb-on. First Ward Republican Club. Compton hall. 8 o. m. Master Painters’ Association, Elk’* Club, luncheon. _ . , t Delta Tau Delta. Columbia Club, luncheon. .. . , Rese-vr Officers Association. Board of Trade, h nebeon. Delta Chi Splnk-Anns. luncheon. A check for S3OO for the purpose cf sinking a well at Bolenge. Africa, was presented Wednesday night by j the Helen L. Dugan Mission Guild : at the Third Christian church to ! Mr. and Mrs. Virgil E. Mavens, ■ missionaries. Mr. and Mrs. Havens sail In December for Africa. Ap- j proximately 200 persons attended j the banquet Wednesday night in horihr of the missionaries. The fourth annual fall field trials of the Central Indiana Beagle Club will be held Satulday afternoon and j Sunday on the club's running course | near Trafalgar. Running will start at 2 p. m. Saturday. Games and contests have been arranged for ; club members and families of visitors. Members of the Indianapolis chapter of the National Association of Cost Accountants heard an address by H. G. Baldwin of the American Appraisal Company, Milwaukee, Wis., at their monthly dinner Wednesday night in the Chamber of Commerce building. Baldwin talked on “Practices of Accounting for Property Values.” Reception for the Rev. J. G. Moore, pastor of the Capitol Avenue Methodist church, will be given tonight in the church by members of the Calendar Club. Beginning Oct. 23, the public will be admitted free to the museum of the John Herron Art Institute each Wednesday night from 7 to 9. Wilbur D. Peat, Institute director, announced today. M. T. Hatcliff, chief engineer of the Indianapolis Union Railway, will address Scientech Club members at noon Monday at the Chamber of Commerce. Incorporation papers were filed today for “The Civic Leader, Inc..” by Ballard E. West, 1101 Prospect street, for publication of a weekly newspaper for south Indianapolis and Beech Grove. Navy Buys Twenty Planes Bu T’nitrd Press _ __ _ WASHINGTON, Oct. 17. The navy department today awarded a contract for twenty N. Y.-2 training planes and spare parts, costing $132,375, to the Consolidated Aircraft Corporation, Buffalo, N. Y.

PAGE 19

REPUBLICANS IN ANDERSON BOLT PARTY TICKET Mayor . Francis Williams Alone Remains in G. 0. P. Lists. Bu Tunes Special ANDERSON, Ind., Oct. 17.—An • rierson's municipal election campaign became a three-cornered fight Wednesday night when seven of the Republican nominees bolted the ticket nominated in May and joined a Citizens ticket headed by Albert F. Priest as a candidate for mayor. The action left Mayor Francis M. Williams the only candidate on the Republican ticket to make the race against J. H. Mellett, Democratic candidate, and Priest. Other candidates on the ticket are: City clerk. Ray E. Hall; city judge, Charles B. Salyer; coun-cilmen-at-large, Charles S. Hughes and Marion Haubursin; councilmen, First ward. Wilbert O. Rhoton: Second w’ard, Earl Berkebile, and Third. Cary A. Rains. Priest was one of the nominees for councilman-at-large on the Republican ticket he deserted. Albert H. Vestal, representative In congress from the Eighth Indiana district, attended the caucus and was Instrumental in getting the Republican nominees to desert the party for a chance to win on the Citizens ticket. Mayor Will Fight With fifteen of the twenty-four precinct committeemen already pledged to his cause, Mayor Williams declared he would stand pat and would ask committeemen to fill the vacancies on the ticket for a fight to the finish. The effect of the split is a matter of conjecture. Politicians v/ho conceived the Citizens ticket say disgruntled Republicans and Democrats would flock to it. Many argue it would assure the election of J. H. Mellett, the Democratic nominee. Points to Nomination Mayor IJ/illiams' statement follows: “By a substantial plurality, I was nominated by the voters of Anderson as candidate for mayor of Anderson on the Republican ticket last May. Holding this by fair means as I do, I see no reason for turning my back upon tho.se who have supported me. “I call upon all voters who champion justice, fair play and good sportsmanship to rally under the banner of clean politics in a fair fight.”