Indianapolis Times, Volume 41, Number 143, Indianapolis, Marion County, 25 October 1929 — Page 33

OCT. 25, 1929

STOCKS FALL LOWER AFTER EARLYJIULGE Federal Reserve Bank’s Reports Decline in Brokerage Loans.

Average Stock Prices

Average of twenty Industrials for Thursday was 299.47. off 8 38. Average of twenty rails was 165.50. off 1.78. Average of forty bonds was 93.83. off 25. Pit United Press NEW YORK, Oct. 25.—Optimistic reports were made by various companies today, supplementing optimistic statements of financiers. The federal reserve bank, after the close Thursday, reported a decline of $167,000,000 in brokerage loans for the week ended Wednesday. Charles M. Schwab, speaking before the iron and steel institute, said he. could see nothing to impair the present prosperity of the nation. Canadian Hydro-Electric Corporation, Lt., reported production of 174,467,000 kilowatt hours of electric energy in October, anew high record and 77 per cent more than the preceding month. It is a division of the International Paper and Power Company. Murray at Capacity The Murray Corporation of America, manufacturers of custom automobile bodies, will operate to capacity in 1930, according to a statement. The tone of the market improved slightly during the first two hours oi trading, although some stocks weakened. Sales were 276,000 in the first two hours, compared with over 500,000 Thursday. Auburn which opened at 250 dropped to 235. but Insull Utilities up Us, at 81 ; Grigsby Grunow was up 114, at 40, and Bendix up 2% at 47 1 i. With trading continuing at a pace of more than 8,000,000 shares ticker facilities again proved inadequate and shortly after noon the tape was sixty-three minutes behind the market. Prices Go Down This lack of trading facilities brought difficulty in watching the market and helped bring prices down after the early bulge. Toward 1 p. m. the list was declining with steel near 204, compared with Its previous close of 206. American Telephone was off nearly 5 points and other leaders were suffering. It was learned that bankers who conferred Thursday at the offices of J. P. Morgan & Cos., had worked out a program for protection of the stock market to prevent needless sacrifice of security values. Arrangements, it was said, have been made for immediate formation of a market pool with substantial buying power.

Banks and Exchange

INT3IANAPOI.IS STATEMENT Indianapolis bank clearings Friday, Oct. 25. $3,455,000; debits. *3 128.000. NEW TORK STATEMENT flu Vnlted I’D'** NEW YORK. Oct. 25 -Bank clearings, $2,722,000. clearing house balance, *319,000.000; federal reserve credit balance. *218.000.000. TREASURY STATEMENT B'i T’niti rl I’resn WASHINGTON. Oct. 25.—Treasury net balance on Oct. 23 was. $231,777,366.67; customs receipts, for the month to the same date totalled. *42.558,445.82.

Indianapolis Stocks

—Oct. 25 f Bid. Ask American .Central L Ins C0....800 ... •Belt R ft A- Yds Cos com... 80 63Va •Belt R R & Yds Cos pfd 55 60 Bofcv.'s Merrill 33 36Ji Central Ind Power Cos pfd.... 91 94‘,a Circle Theater 108 ... Cities Serv Cos com 48 ... Citios Serv Cos Pfd 92 ... Ctizens Gas Cos com 34 40vi Citizens Gas Cos pfd 94' 101 Commonwealth L Cos Pfd 1%.. 97 ... Coiomnow'ealth L Cos pfd 101 ... Eiuitable Sec Cos com , ... Hook Drug Cos com 46141 ... HorufT Shoe Corp com Ind Hotel Cos Clavpool com.. 125 Ind Hotftl Cos pfd 100 Ind Serv Corp pfd .. ... Intipis Gas Cos com 58 62’ ludo’s & Norwtn Tr Cos pfd... 6 Indpls P and L pfd 98*4 101 Indu’s Pu Wei L Assn c0m.... 51 Ir.cv's St R R Cos pfd 27*4 30'2 Indnis Wa Cos pfd 92 102 Inter Pub Ser pr Un pfd 99*4 103 Int.CT Pub Ser 6s 87 95 Merchants Pub Util Cos pfd. 100 ... •M~.ro Loan Cos 97 101 •Northern Ind Pub 8 G Pfd 7s 101 •Prog Laundry Cos com ..... 49S 52V4 E Rauh & 80ns Pert Cos pfd. 50 Rer„’ silk Hosier Cos old 90 S'o"dard OH of Ind 53 ... T fi Indpls & Tr Cos of* 7 ■ T H Trso * L Cos pfd Union Title Cos com 50 V Ce.mo Prod Cos Ist pfd 94 100 V Prod Cos pfd 90 . . •Shareholders Invest Cos ....... 26*4 28V4 •Sx-dlvidend. —Bonds—- ’ Bid. Ask Een_ A S T co 4s .., 85 Broefl R'pple Trac Cos 5a .... 60 Cent Ind Gas Cos 5s 97 Central Ind Pow Cos 6* 98 Chi S B & N Ind Ry Ist 5s Citizens Gas Cos. 5s 96 101 Citizens Street Railroad 55... 61 65'V Gafv St Ry Ist 5s 78 Home T A I of Ft Wayne 6s. 101 Indiana Hotel Cos 5s .......... 27 ... Ind Northern Trac Cos 5s 3 6 Ind Rallwav and Light Cos 55.. 95 Indiana Service Corn 5s Indpls Ppwer and Light Cos 94 98 Indiana Union Trac Cos 5s .... 3 Indnis Col & Trac 5s 96 ... Indianapolis Gas Cos 5s 96 Indpls A Martinsville T Cos 5s 15 Indnis No Trac Cos 5s 10 14 Indpls & W Trac Cos 5s 15 Indpls Street Rv 4s 51*4 54'j Indpls U RV 5s J 1965 A B .. 98'-S Indpls Trac & Terminal Cos 8s 92 95 Indpls Water Cos s'jS 1953 .100 Indo.’s Water Cos s'4s 1954..100 Indpls Water Cos Uen A ref 5s 92 ... Indpls Water Cos 4Hs 88 9SVj Indpls Water Works Sec Cos.. 80 86 Indnis Water Cos 4’vs 89 Intgrwate Pub Serv 6'vS 103 ... Interstate Public Service Cos 5s 93 ... No Ind Pub Service Oo 5s .... 91 No Ind Teleih Cos 6s 1931 97 99 W T H A E TTac Cos 5s 52 T H Trac and Light C 5s ... 86 91 Union Trac of Ind 6s 13*4 ...

Produce Markets

Eees—Country run. loss off delivered In Indianapolis, 38c: hennery duality. 46c: No. 1 36c: No. 336 c. Poultry ibuvine prices i— Hens, velchtnr 4’i lb. or over. 33624 - under 4% lbs.. 31c: Lechorn hens. 15c to 17c: roasting chickens. 4% lbs or over 31c to 33c: sorineers under 4% lbs.. 18.' to 30c: sorlnaers ore. 4% lbs.. 31ff33c: Lerhorn sorlnaers. 15c: old cocks. 14c to 15c. Youne turkey hens (must be fat> 33c: voune toms. 28c: old hens 34c: oyd toms. 30c. Ducks .full feathered! 12c Geese (full featheredi 9c. Ouineaa. 30c. These prices-%re for No. 7. too ouafltv poultry, ouoted by Kmaan A Oo Butter (wholesale!—No. 1. 484149 c: No. 3.46647 c, Butterfat—47c. Cheese (wholesale sellin* price per pound!—American loaf. 35c- pimento ioaf. |7c: Wisconsin firsts 27c: Lonehorn. 37c;

New York Stocks (By Thomson At McKinnon 1 ——————

——Oct. 25 Prev. Railroad*— High. Low. 12:00. close. Atchison 261 % 264*4 261 AC Coast Line. 180 180 180 181% Balt At Ohio.. .1287/4 127 127 125% Canadian Pac .214% 214*; 2144a 202% Chesa At Ohio. 244 242% 244 242 Chesa Corn .... 74% 74 74 72'* Chi At N West... 93 91% 91% 92V* Chi Ort West.. 14V, 13 14 13% CHI At P 128% 128 V 2 128% 127% Dei At Hudson ... 186 Del At Lack* 145% 1*5% 145% 145 1 /, Erie 70 68'4 70 69 Erie Ist p!d 63% 63% 63% 62% Grt Nor 108 107 Vi 107 Vi 107% Gulf Mob A: Oil 35% 111 Centra! 131’/, 131% 131% 129% Lehigh Valley 77V* Kan City Kouth 80*4 80 80 78% Lou At Nash ...137% 137% 137% 137 | Minn e L 2% 2% 2% 2% M K Ac T 50% 49V, 50% 49 Mo Pac pfd.... 143'/2 142 V, 143 % 142 N Y Central ... .209% 208 % 208V* 208 N Y C 8c St L 16V, NY NH At H.... 122% 121% 122 124% Nor Pacific .... 99% 99 33 99% Norfolk At West 264V* 28' 264*/* 266 O At W 17V, 17 17 17 Pennsylvania .. 98 86% 97% 96% Pere Marq 192 V, P At W Va 130 Reading 124% 124% 124% 122 Seab'd L 15*/ 15 15 15% Southern Ry ..147 147 147 145% Southern Pac ..117% 136 136% 134V* St. Paul 34% 33% 34 33% Bt. Paul pfd ... 52 50Vi 51% 51% St L <Sc 8 W ... 77 75 77 70 St L At 8 P ....116 113% 114V* 114% Texas At Pac ... 137*/* Union Paclflc .255 252'/* 254 252% West Maryland 29 Vi 27% 29 % 27 Wabash 55 West Pac 31% 31% 31% 32 Rubber*— Ajax 3V, 3 3V, 3V* Risk 5 V* 5 Vi 5% 5 Goodrich 61% 61% 61V* 60 Goodyear 86 82 86 75' * Kelly-Spgfld ... 7% 6% 7% 6% Lee 8% BV, 8% 8% United States .. 47 45V* 45% 43% Equipment*— Am Car At Fdy.. 88% 88% 88% 84 Am Locomotive. 109% 108% 108% 108% Am Steel Fd ... 54 50 54 48% Am Air Brake Sh 52 51 52 50'% Man Elec Sup 23% General Elec . 311 306 307 308 Gen Ry Signal..loo% 97% 98 97 Oen Am Tank. .107 Vi 105% 108% 106% N Y Air Brake.. 41 41 41 40% Pressed Stl Car. 12 11V* 11% 11% Pullman 89 87 87 84'. Weßtlngh Air B 55% 53% 53% 51% Westingh Elec .188% 183 187% 183 Steels— Am Roll Mills...3loV* 108% 109% 103 Bethlehem 103% 102 102% 101% Colorado Fuel .. 50 43 50 40 Crucible 89 87 89 90 Gulf States Stl. 64 63 64 63 Inland Steel 93 Otis 48% 48V, 48% 49 Rep Iron & Stl 100% 99 100 95 Ludlum ;... 57 57 57 62Vi U 8 Steel 207 204% 205V* 205V* Alloy 50 47 50 49V* Warren Fdy 20 Youngstwn 5t1..128 122 128 120'/* Vanadium Corp. 67% 65% 66% 64Va Motors— Am Bosch Mr#g.. 45V* 44% 45% 45% Briggs 18 16 18 17‘/a Brockway Mot 24 Chrysler Corp .. 46 44 Vi 45 V* 46 Eaton Axle 39% 38% 39% 37 Graham Paige .. 14 12V, 13 14 Borg Warner ... 46% 45'/, 46% 43% Gabriel Snubbrs. 10% 9 10% 10 General Motors.. 55 53% 54 53% Elec Stor Bat ... 93 90% 93 92 Hudson 64 63% 63% 60% Hayes Bod Corp. 15 13% 13% 12% Hupp 33% 32V, 32Va 31% Auburn 238 230 235 235 Mack Trucks ... 87% 87% 87% 83% Marmon 32 30% 32 28% Reo 14% 13V, 13% 14V* Oardner 6 6 6 6 Motor Wheel ... 35% 34V* 34V, 32 Nash 66% 64' i 66% 65 V, Packard 20% 19% 20% 18% Peerless 10% 10% 10% 10% Pierce Arrow 29 Studebaker Cor . 58% 57 58% 57 Stew Warner ... 50% 50Va 50% 50 Timken Bear ...110 105% 107% 105 Wlliys-Overiand. 14% 14% 145* 15% Yellow Coach.. 17 15 16 14% White Motor .. 14% 40V. 41 40 Mining— Am Smelt & Rfg 99 97 % 98% 98'4 Am Metals 60 59% 60 57% Am Zinc 16 14V* 14% 14% Anaconda Cop. .104 101% 101% 102 Calumet At Ariz.ll6% 115 116% 108 Calumet At Hecla 36V* 36 36 34 Cerro de Pasco. 83% 83% 33% 81 % Dome Mines .. 8% 8% 8% 8% Andes 44% 44% 44*1 43 Granbv Corp .. 72 70% 71% 68 V. Greene Can Cop ... ... 165 Gt Nor Ore .. . 25V; 25V, 25V, 23% Inspiration Cop 35% 34 35 34% Howe Bound . 52 52 52 51% Int Nickel 46% 45% 45% 44Va Keenecott Cop.. 76% 75 76% 75 Magma Cop .... 66 63 66 67 Miami Copper.. 36 36 36 36 Nev Cons 40% 38% 39% 36% Texas Gul Sul.. 63% 61% 63% 60% St Joe 68 66% 67% 63% U S Smelt 40% 40% 40V* 39 Oils— Atlantic Rfg ... 49% 46% 48 48 Barnsdall <A> .. 27% 26% 26% 25 Freeport-Texas. 40%3318 1 40% 36 Houston 0i1.... 67 64*, 67 62 Indp Oil At Gas 27 26% 27 26% Conti Oil 32 30% 32 30% Mid-Cont Petrol 30 29% 30 30 Lago Oil & Tr 25 Pan-Am Pet B 61% 60 61% 60% Phillips Petrol. 38% 37V* 38% 27V, Prairie Oil .... 51% 50V, 51V* 49% Union of Ca 1.... 47% 47% 47% 48 Prairie Pipe 58 57% 58 59 Pure OH 26 25Vi 25% 25% Royal Dutch .. 55% 55V, 5*% 54 Richfield 29 28 Vi 29 30 Shell 26% 25 25 . 25 Simms Petrol ... 26% 26’% 26% 25 Sinclair Oil .... 31 29 30% 28% Skelly Oil 35% 32% 34*-* 32% Btd Oil Ca 1.... 69% 69% 69% 67% Std Oi! N J 72% 71V, 71V, 68V, Std Oil N Y 39% 39 39 38 Tidewater 15% 15V, 15% 14% Texas Corp .... 59% 59'* 59% 58% Texas C At 0.... 14% 14V, 14V, 11% Transcontl .... 9% 9 9V* 8% White Eagle .... 31% 31 Vi 31% 30% Industrials— Adv Rumely 27% Allis Chalmers.. 54 52% 52% 49 Allied Chemical 286 285 285 284 A M Byers 130 124 124 111 Armour A 8% 6 8 7% Amer Can 158 154 154 137 Alleghaney Corn 37% 37Va 36 Am Safety Bar.. 60% 60% 60% 60% Am Ice 41% Am Wool 11% 11% 11% 11% Assd Dry Goods 43% 43% 43% 41V* Bon Alum 68 Coco Cola 140% 139% 139% 140% Conti Can .... 68 66% 68 64 % Certainteed 8% Croslev 54 51 54 53 Congoleum ..... 19 18% 18*4 18% Curtiss W 14 13 V* 13% 13 Davidson Chem 41 40% 41 41 % Famous Players 68 56% 57% 56% Famous Players... 58 56 57% 56% Gen Asphalt. . 65 63% 65 62% Fox A 83% 78 81 82% Gold Dust 53 50% 50% 49% Glldden 46% 46 46% 44% Int Harvester ..104% 101% 1037* 109% Ketvlna'or 10% 10% 10% 10% Lambert 115% 113% 115 111% Link Belt 46% Loews 54% 53% 54% 54 Mav Stores .... 79% 77 79% 81 bolster 11% 10% 11% 9% Mnntgom Ward.. 77% 74 75% 74 Natl V R 101% 98\ 98% 96% Radio Keith 25 Owens Bottle... TO 70 70 65 Radio Coro 61% 59% 60 38 % Real Silk 6* 62 63 63 °tm Rand 48 47 47 48 Sears Roebuck .133% 130% 131% 129 Union Carbide.. .107 104 104’* 107% Warner Bros ... 50 48% 49% 49 Un Air Craft ... 79 75% 76% 72% Univ Pipe S 5 5 4% USCs Jr PtDe.. 21 19'i 20% 20 U S Indus Alco. 185% 189% 184 176 Worthington Pu.loo 100 100 97 Woolworth Cos .. 86% 36% 86% 85 Utilities— Am Tel At Tel.. 272 270 271 269 Am Pr <fc Lt ..104 102% 104 101% Am For Power ..104% 101% 102% 169% Am Wat Wks. , 109% 106 108 103% Gen Pub Ser ... 52 51% 53 49 5 ;, Col O* E 95 93% 93% 91% Sonso! Gas 131 119** 120 118%

On Commission Row

FRUITS Apples—Delicious, bos extra fancy. 84 fanev. 53.15. choice. *262.25: Wealthy. *2.50: Maiden Blush *2.756 3- Jonathans. 53.75: Grimes Golden *2.75: extra fanev box. Grimes. *3: New York Duchess *2.25 63.50: Oravenstein. *3: Wolf River. *3 56 Cranberries—*3 75 a 25-lb box: *7.25 a 50-lb. box. Grapefruit—Florida *6. Grapes—California, seedless. *2.25 a crate: Malaeas. S3 aerate: Tokays. *2 Lemons—California, a crate. *ls. Limes—Jamacia *2.2563. Orancea—California Valencia. *3.7598. Peaches—New York. *4 a bu. Plums—B3.7s Idaho. 18-lb. case. 31. VEGETABLES. Beans —Green, itrineless. 83.75. Beets—Home-erown. dor. 40c. Carrot*—Home-erown. doz.. 50c. Cabbart —$3 50 a barrel. Cantaloupes—Flats. *1.2561.50: Honeydew. $1.75 Casaba melons. *1.75: Colorado *2.25: Tiptops, barrels. *4.50: Jumbo *i 50 Cauliflower—Colorado crate *1.75. Corn—Home-erown. 35630 c a dozen. Cucumbers—Hothouse, a dosen. *1.25 Ecenlant— *1.5062 a dozen: *393.25 a hamper. Kale—Borlne. a bushel. 11. Lettuce—California Iceberr. *6 a crate: home-erown leaf a bushel. SI. Mustard—A bushel. *l. Onions —Indiana vellow *2 35 • 100-lb Dee; white. 50-!b. bae. *1.75. Parslev—Home-erown doz. bunches 45c Peas—Colorado *B6 6.35 a hamper. Peppers—Home-erown 51.50 a bushel. Potatoes—Wisconsin and Minnesota white *4 5064.75 a 160-lb. bee: Red River Ohio* 120 lbs.. *3.75: Idaho Russets. *3.75. Radishes—Button hothouse, dozen 50c: Southern lone red. 15625 c dozen. Sweet potatoes—Virginia Jersevs *4 a barrel: *3 a bushel- Indiana Jersevs *2.35 a bushel: Nancy Halls. 13 a hamper. Tomatoes—Home-erown a bushels *36 2 50- 15-lb basket Me. United Corn ... 46% 45% 45% 57 Utilities Power 43 14 43 43 West Union Tel 345 33S 340% 335

Elec Pow At Lt.. 51V, 50% 51 48 Int TANARUS& T 107 V, 105 V, 105% 106 Nor Am Cos 120 119 119 120 Pac Light 99 98% 99 85% Pub Serv N J ...100** 99'.* 99% 96% 80 Cal Edison .. 68% £B% €B% 67% Std Gas At E 1... 156% ISO 155 143 United Corp 44% 42V* 44 41% Utilities Power . 40% 4040 40 United O At Imp 38 37 37 35% West Union Te 1.249%.249% 245 245 243 Shipping— Am Inti Coijj ..83 61 62 57 Am Ship At Com 2 Atl Gulf At W 1.. 75% 75 75 71% Inti Mer M pfd. 34% 34% 34'% 35% United Fruit ...117 115 115 V, 114 V; Food*— Am Eug Rfg .... 73V, 73 73 72% Beechnut Pkg... 71 71 71 70% California Pkg.. 75% 74V* 73% 74% Canada Dry .... 75 72 74% 59 Corn Products... 112% 112% 112% 108% Conti Bak A ... ... 58% Cuban Am Sug. 11V, 11V, 11% 11% Grand Union .. 16% 15% 16V, 17 Grand Union pfd 39 39 39 39 Jewel Tea 58 56 56 55 Kraft Cheese 63% Kroger 71 70'% 70% 69 Loose Wiles 63 % 62% 63% 62 Nalt Biscuit ....211 203'; 211 204 Natl Dairy 58V, 57% 57V, 55 Gen Foods 54% 54’/, 54 V, 53 Stand Brands .. 33% 31% 33 30 Ward Baking B 7% Tobacco,— Am Sumtra 34 Am Tob B 218% 215 216% 208 Con Cigars 50 50 50 43 General Cigar .. 61% 61% 61% 62 Llg At Meyers ... 99% 95% 97 96 Loriiard 24% 22% 22% 23 R J Reynolds .. 51% 53% 53% 53 Tob Products B 6% 6% 8% 6 United Cigar St. 6% 5% 6% 6% Schulte Ret Sirs 11% 11 11% 12'/* In the Air Weather conditions at 9:30 a. m. Southwest wind, seven miles an hour; temperature, 47; barometric pressure, 30.03 at sea level; ceiling and visibility, unlimited; field, fair. Open Hangar Sunday Program in connection with formal opening of the new Curtiss hangar and administration building at the Curtiss-Mars Hili airport, postponed last Sunday because of bad weather, will be given Sunday, Charles E. Cox Jr., assistant general manager, announced. On the program Sunday afternoon will be balloon bursting, bomb dropping and exhibition flying, with a parachute jump by Sergeant Harry Cox scheduled for 4:45 p. m. Various types airplanes will be on display In the hangar. Night flying is planned for tonight, Saturday and Sunday nights, with the hangar lighted both Saturday and Sunday nights. Arrivals and Departures Curtiss-Mars Hill Airport—Walker W Winslow, Curtiss sales manager, Curtiss Challenger Robin, to Kokomo and return; R. J. Barbin, Curtiss pilot, Robin monoplane, to Newcastle and return; Warren R. Vine, Embry-Riddle pilot, Fairchild monoplane, special mail plane, Chicago to Cincinnati; Clyde Shockley, Fairchild monoplane, from Kokomo and return, overnight; M. Drayer, Challenger Command-Aire. Little Rock, Ark., to* New York City. Doolittle to Get Medal BROOKLYN, N. Y., Oct. 25.—Official recognition will be madfe today of Lieutenant James H. Doolittle’s flight in 1922 from Pablo Beach, Fla., to San D ego, Cal., when he will be awarded the distinguished flying cross along with other awards. Lieutenant Doolittle made his flight with one stop on Sept. 4 and 5. covering the distance in 22 hours 30 minutes. Pupils Visit Airport About fifty 8B and 8A pupils of School 14, at 1229 East Ohio street, visited the Curtiss-Mars Hill airport this morning as part of their civic work. The pupils were accompanied by Miss Emily McAdams and Miss Margaret Raschbacher, instructors. They witnessed arrival and departure of the Transcontir nental Air Transport and mail planes and exhibition flying by Curtiss pilots. Altitude Mark Set Bv T'rii/rif Preen PARIS. Oct. 25—The French aviator. L’Ecrivain, set anew French altitude record Thursday in a twohour flight from Villacoublay air drome. He reached a height of 37.720 feet, failing in his announced intention of breaking the world mark., L'Ecrivain flew a 450-horse power monoplane. Program to Be Given A special program will be held Sunday at the Capitol airport, having been postponed from last Sunday. Employes of t. S. Ayres & Cos. will be special guests. Formation flying and a parachute jump by O. E. Ruth are on the program. T. A. T. Flight Resumed The Transcontinental Air Transport plane. City of St. Louis, which stopped overnight at the Curtiss hangar en route to Columbus, because of poor visibility and bad flying conditions between here and Columbus, returned to St. Louis today. Building Permits W. Ryan, dwelling and garage. 1420 Somerset. *2 500. WL Ryan, dwelling and garage, J 424 Somerset, $2,500 W. Ryan, dwelling and garage. 1413 Somerset. $2,500. Felber At Reilly, chimney. 825 North Zllinois. $250.

MONEY TO LOAN —ON—MORTGAGES STATE LIFE Insurance Cos. ISt STATE LIFE BLDG

We Offer Trustee Standard Oil Shares Secured by Stock in 31 Standard Oil Companies Price Around $13.62V2 Breed, Elliott & Harrison 109 North Pennsylvania Street

THE INDIANAPOLIS S TIMES

PORKERS DROP 5 TOIO CENTS AT CITY PENS Lambs Unchanged; Veals Steady, Selling at $15.50 Down. Oct. Bulk Tod Receipts 18. $9.90010.00 SIO.OO 5,000 19 10.00010.10 10.10 6.500 21. 9.75 0i 9.90 9.90 10.500 22. 9.80@ 9.90 10.00 6.500 23. 9.850 9.00 9.90 5,500 24. 9.850 9.90 9.90 7.000 25. 9.75® 9.85 9.85 10.000 The hog market today was mostly 5 to 10 cents lower than Thursday’s average at the Union Stockyards. The bulk, 160 to 325 pounds, were selling at $9.75 to $9.85, with a few butchers at sa.9o. Receipts were Estimated at 10,000; holdovers, 159. Cattle were unchanged. She stock weak, with indications pointing to a lower market. Vealers held steady at $15.50 down. # Sheep and lambs steady, good and choice grade of lambs sold at $12.50 to sl3, a few lambs brought sl2; all others sold for $8.50 to $11.50. Chicago hog receipts were 22,000, including 5,000 directs; holdovers 6,000. The market slow 7 , few early sales steady to 1(3 cents lower than Thursday’s average, choice of 180 to 250 pound weights, bid $9.75 to $9.80. Cattle receipts 2,500; sheep, 1,000. —Hogs— Receipts, 10,000; market, lower. 250-350 lbs. $ 9.75@ 9.90 230-350 IDS 9.’.jw 10.1,1 200-250 lbs 9.75® 9.90 ICO-200 lbs 9.75# 9.80 130-160 lbs 9.25® 9.50 90-240 lbs 8.50® 9.50 Packing sows 8.00 —Cattle— Receipts. 600; market, steady. Beef steers $10.u0®18.75 Beef cows 7.00® 9.50 Low cutter and cutter cows.. 5.00® 6.76 —Calves— Receipts. 700; market, steady. Best Veals $13.50® 15.60 Heavy calves 8.00012.0 U -SheepReceipts. 600; market, steady. Top fat lambs $13.00 Good and cnoice [email protected] Common and medium 8.500U.50 Bulk fat ewes ... 3.50® 5.60 Other Livestock Bn United Press CHICAGO. Oct. 25.—Hogs—Receipts, 22,000; including 5,000 direct; mostly 10® isc lower; top, $9.90; bulk better grades, 160-300 lb. weights. $9.60®9.80; packing sows. $8®8.90; 90-150 lb. weights. $9.25® 9.75; butchers, meaium to choice, 250-350 108.. $9.10® 9.90; 2UU-260 lbs. $9.30® 9.90; 160-200 los„ $9.35®9.85; 130-160 lbs.. s9.ls ® 9.80; pacicing sows. $8®8.90; pigs, meaium to choice. 90-130 lbs., sa.oo®9.io. Cattle—Receipts. 25,000 ;calves, 1,000; small week-ena suppiy; steers and yearlings fully steady: lower grade preuominating; mostly sl3 down to *11.50; mixed yearlings. sls; she stock dull, weak to 25c lower; slauagnter classes steers, good and choice. 1300-1300 lbs., $13®10.2d; iioo-1300 ibs.. $13.25® 16.25; 950-1100 lbs.. $13.60® 16.25: common and medium, 850 lbs. up, $8,500,13.50; fed yearlings, good and choice, /50-960 lbs. $13.76016.50; heifers, goou and choice. 850 lbs. down. [email protected], common and medium, 71. 75® 13.50; cows, good and choice .$8®10.75; common ana medium. $6.50®8; low cutter and cutters, $50.6.50; bulls, good and choice, $8.70@ 10.25: cutter to medium. [email protected]; vealers, milk fed good and choice, $12.50@15: mediums, $11,500)12.50: cull and common, $” 011.50; Stocker and feeder steers, good and choice, all weights. $10.25®12; common and medium. $8,250:10.25. SheepReceipts. 12,000: fairly active steady to 25c higher: native iambs. sl3; ranges, old; fat ev-es. $4.5005.50: feeding lambs about steady; lambs, good and choice, 92 lbs. down. [email protected]; medium. [email protected]: cull and common, s7@ll; ewes, medium to choice. 150 lbs. down. $4,250:5.50; cull and common. $2.250.4.50: i|?der lambs, good aand choice $12.35013.35. Bn United Press Cleveland, Oct. 25.—Hogs—Receipts, 1.500: holdovers. 247; steady to 6 cents, spots. 15c lower; 160-2ay los., [email protected], 150 lbs. down. $9.16; sows. $8.25; stags. $6.50. Cattle—Receipts. 200 steady; few common steers. [email protected]; fat cows. $6.50®8; cutter grades, [email protected], Calves Receipts. 200: steady to easier: vea,ers. $170.17.50; ewes. $18; medium kind. $12.15; culls down to $lO cr under. Sheep—Receipts. 1,000: lambs, strong to higher; nearly good qualities upward to $i3.50; choice kind scarce and ia demand; fat ewes ss@6. steady. l‘<u Times Special LOUISVILLE, Ky.. Oct. 55—Hogs—Receipts. 1 400: market. 25c lower; 175-250 ibs.. $9.70; 250 IDS. Up, $9.10; 130-175 lbs., $9.30: 130 lbs. down. $7.80; roughs. $7.75; stags. $7.15. Cattle—Receipts, 200; market, steaay; prime heavy steers. $11012.50; heavy shipping steers, $9011; medium and plain steers. $7 500 9; fat heifers s7® 10.50: good to choice cows. $6.5008.25; medium to good cows. $5.7506.50; cutters. $5.2505.75; canners, $7.5005.25; bulls, s6® 8.25; feeders, $8010.50; Stockers, S7OIO. Calves—Receipts. 300; market, steady: fancy calves. $13.50: good to choice. $10.50 @l3: medium to good $7.5009.50; outs, $7.50 down. Sheep—Receipts. i00 L market, steady: ewes and wethers, $11.50; buck lambs. $10.50; seconds. ss@7; sheep. s4@s. Thursday's shipments: Cattle, 206; calves, 105: hogs, 319; sheep, none. Bit United Press CINCINNATI. Oct. 85.—Hogs—Receipts. 3 800: holdover. 780: butchers, 180-280 lbs., 15 to 25c lower, others steady: bulk good and choice. 180-280 lbs., $9.75010. largely $10; a few loads of 200-220 lbs., $10)10; 130 lbs. .butchers, quoted. $9.75: bulk. IMHO lbs.. $9.50. to mostly $9.75: 100-Ib. nigs. $909.25; bulk sows [email protected]: a few *8.50. Cattle—Receipts. 40: holdovers, 1.430: calves. 300: typical cleanup market, prices about steady; bulk steers and heifers. $8011: a load of good steers, $12.50; a few- yearlings. sl3: bulk beef cows. S7O 8.50: low cutters and cutters, mostly *6® 6.25; bulk mostly $6.5008.65; Stockers ana feeders, active: veals about steady; unweak, spots lower, top $15.50. Sheep—Receipts. 1,000; better light lambs. $12012.50: haavles over 90 lbs.. $11011.50: throwouts. $809.50; bucks. $10: good light ew-es. $505.50.

We Offer Commonwealth Loan 7% pfd NEWTON TODD 415 Lemcke Bldg.

JamesT.Hamill & Company BROKERS Indianapolis MEMBERS Chicago Stork Exchange Chicago Board of Trade Indianapolis Board of Trade Associate New Yarb Carb 203 Continental Bank Bldg. Tel Riley 5493—Riley 6494

Business —and— Finance

NEW YORK, Oct. 24.—Bethlehem Steel Corporation today reported net profit of $11,384,720, after interest, federal taxes, depreciation, depletion, etc., in the third quarter of 1929 equal to $4.01 a common share on 2,400,000 shares, against $4,272,528 in the same period of last year. Bv United Press WASHINGTON, Oct. 25.—Permission to issue an aggregate of $110,460,000 of new stock was sought from the Interstate Commerce Commission today by the Missouri Pacific Railroad. The new common stock is to be in two issues, one of $71,800,100 and one of $38,659,900. The first issue will be exchanged for outstanding preferred stock and the latter issue is to pay off accumulated dividends. NEW YORK, Oct. 25.—Crum and Forster, managing and operating a number of Important and powerful groups of fire insurance companies in the united States, have acquired a substantial interest in The Transportation Insurance Company. The Transportation Reinsurance Company and The Transportation Indemnity Company, it was announced today. Fierce-Arrow Motor Car Company reports net profit for the flrat nine month* of 1929 of $2,450,673 against losses of $1,037,926 in the same period last year, an improvement of $3,494,599 as between the two years. The state of New Mexico has Issued $2,000,000 6 per cent debentures through John Nuveen <fe Company and C. W. McNear & Company for the purpose art consctructing highways. The General Leather Company of Newark, principal subsidiary of the Reynolds Spring Comoany. has closed contracts with the New York, New Haven * Hartford Railroad and the Paramount Cab Cos. for upholstery leather. The Paramount Cab order ealls for 7.500 hides. The New York. New Haven & Hft’-tford Railroad Covers coach construction for the ensuing six months. DETROIT. Oct. 25 —Machinery is being installed and production will begin within the next few weeks in the new plant recently acquired by the Evan'! Amo : .ermine Company’s western division at Marshfield. Ore., at a cost of $400,000, according to E. S. Evans, president. Automobile production continues at levels substantially lower than was the case earlier in the year, September production is estimated at 417,000 cars, a decline of 95,000 from the August figure, and a drop of 426.000 or nearly 40 per cent from the peak for all time reached in April. Earnings of Drug Incorporated for 1929 are expected to be approximately $16,570,000 after all charges, equivalent to £6.85 a sbaie on 2,419.000 shares of capital stock. This is before giving effect to the merger with Bristol-Myers Company, which will shortly be. fully consummated bv the distribution of 259,702 shares of Drug stock to present Bristol-Myers stockholders. During the quarter ended Sept. 30. 1929, Chrysler Corporation earned $6,635,179.54, which brings the accumulated net profits after provision for federal income taxes for the year to date to $24,730,419.29, comparing with $21,786,276.51 for the first nine months of 1928 Third quarter earnings. however, fell somewhat below the coriespondlng period for last year, due to several causes, prominent among which were a decrease in the volume of sales discussed in greater detail hereafter, and a laps in the production of Chrysler cars incidental to the delay In securing bodies for new models. Balance sheet at Sept. 30, 1929, shows net current assets of $88,439,469.30, an increase of $1,731,614.45 during the third quarter and an increase of $lO 586,311.35 for the first nine months of 1929. The ratio of current assets to total current liabilities, after provision for the regular dividend for the fourth quarter, at the end of September was 3.81 to 1, compared with 3.38 to 1 Dec. 31, 1928. P,/ Times Special TORONTO, Ontario. Oct. 25. Building and construction contracts awarded in Canada in September of this year were higher than for any previous September on record and the total for the first nine months of this year was $441,643,900 or $62,000,000 higher than for the corresponding months of 1928, when $379,503,000 worth of contracts was recorded, according to Mac Lean Building Reports, Ltd. Value of contracts awarded in September was $46,959,200. Subscriptions rights worth approximately $24,000,000 are being given to security holders of Kreuger At Toll Company.

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GRAIN FUTURES OPEN HIGHER IN CHICAGO MART Stock Exchange Strength Is Main Supporting Influence. Bv United Press CHICAGO, Oct. 25.—Wheat prices continued their advance, started during Thursday’s late trading at the opening today and all grains opened high. The strength of the stock market was the main supporting influence. Prices at Buenos Aires and Liverpool was not as low as expected. At the opening wheat was from l l ® to 2%, cents higher; corn was unchanged to hi cent higher, and oats were T 4 to % cent up. Provisions opened weak. Because eastern interests, credited with being the largest holders of long wheat since the latter part of the summer, are thought to have done most of the liquidating in Thursday’s wild session, most traders believe the market is again in position to respond to bullish news. American levels are nearer world parity and, with December wheat down 44 cents from the season’s high, there is more hope of Europe buying of our burdensome stocks. Corn has gone along without much pressure, the small open interest making the futures trade pay less attention to the action of stocks and wheat. Argentina is shipping only half the amount of corn that it was this time last year. Oats has not escaped liquidation in recent sessions, but prices have held within a narrow range because of the support furnished by cash interests. Chicago Grain Table Oct, 25 1 *" WHEAT— Prev. Hißh. Low. 12:00 Close. December ,1.21 1.17 }*22,V March May ....::: 1.34% 1.38 1.30% 1.31% December ... .91% .90% -91% -91% March 97% .96% .97 .97% May ....... 1.00 .98% .99% .99% OATS— December ... .49% .48% .49% .49% March 52% .51% .53 .51% May 53% .53% .53% .53% RYE— December ... 1.03% 1.01% 1.03% 1.03% March 1.09% 1.06% 1.08% 1.08% May 1.10% L. 09 1.10% 1.09% LARD— December .. 10.77 10.75 10.77 10.80 January .... 11.37 11.35 11.35 11.35 May 11.65 11.65 11.65 11.65 Bn Times Special CHICAGO Oct. 25.—Carlots: Wheat. 15: corn, 120: oats. 30: rye. 4. Other Livestock n ToEedo/ Oct* 25.—Hogs—Receipts, 600. market. 15c to 25c lower; heavies. $9.25 @9.50; mediums. $9.6509.75: porkers. $9.25 @9.50; pigs, $9.25 0 9.50. cattle—Receipts. 400: market, steady. Calves—Receipts, light: market, steady. Sheep and lambs —Receipts, light; market, slow. Be United Pres* PITTSBURGH. Oct. 25.—Hogs—Receipts. 4,500; market, slow to 10c lower; 160-230 lbs., $10.25; 240-300 lbs.. $9.50010: 120140 lbs.. $9.5009.75; sows, 8808.79. Cattle —Receipts. 25: market, steadv; steers $5 @8.50. Calves—Receipts. 100: market, fully steadv; good and choice, $15017. Sheep—Receipts. - 500; market strong to 25c higher; better grade lambs, $13.25® 13.75; aged wethers. [email protected]. Slayer Waives Hearing Bn Times Special KENTLAND, Ind., Oct. 35. Charles Hyers, who has confessed to slaying his father about Oct. 8, is back in jail today under $30,000 bond on a first degree murder charge, after waiving preliminary hearing before Judge G- A. Williams of Newton circuit court. He probably will be tried at the next term of court, as the present term will end Nov. 9.

The City in Brief

SATURDAY EVENTS Beta Theta Pi. iancheon. Board of Trade. Sigma Alpha Epsilon, iancheon, Chamber of Commerce. Indiana Building Congress and Trades Show, state fairground, all day. Indorsement of the entire Republican ticket today was on the records of the Indianapolis local No. 120, International Hod Carriers and Common Laborers’ Union of America. The resolution was signed by Homer Wilson, president, and George C. Smith, recording secretary. Headquarters of the union are at 442 North Senate avenue. A memorial meeting In honor of the late Eugene V. Debs, Socialist leader, will be held at 8 o'clock tonight in the Marion county Socialist headquarters, 491® South Delaware street. • A supper for former pastors of the Hall Place Methodist church and their wives will be given by the Calendar Circle of the church tonight at 6:45. The supper will take the place of the annual reception for the pastor, the Rev. M. H. Reynolds. The Rev. Mr. Joseph G. Moore, pastor of the Capitol Avenue Methodist church, will speak. Organization of a school for foremen was discussed before 450 members of the Indianapolis Foremen's Club at a meeting Thursday night at the Real Silk Hosiery Mills. William S. Eliiott, president, said lectures will be held weekly when the school is organized. Members of the Fathers’ Club of the Park School for Boys will entertain with a dinner at the school tonight. Club plans for the coming year will be made following the dinner. Mrs. Lennle T. Goens, personal service secretary of the Young Business Womens’ organization, gave a welcome address at the first annual college gjrls’ luncheon at the Y. W. C. A. today. Mrs. Carrie Ada Campbell, new general secretary, spoke.

In the Stock Market

(Bv Thomson At McKinnon I NEW YORK, Oct. 25.—Tho consensus of banking and press opinion is that we have passed through the worst of the present crisis and that the major portion of the forced liquidation has been completed. There can be no question but that a great many stocks of sound investment merit have dropped to levels far below intrinsic value. Now that the technical weakness in the market has received correction and because we have a commercial condition which maintains its firm foundation, we are justified, we believe, in taking a much more hopeful view of the future. It is but natural to anticipate further adjustments here and there as additional weak spots are uncovered, but it is also logical to look for a gradual return of investment demand for sound and reasonably priced issues which can be based upon actualities rather than on theories as to what the future may bring forth.

Local Wagon Wheat

Citv (train elevators are paying $1.06 for No. 2 red wheat and $1.04 lor No. 2 hard wheat. NEW YORK COFFEE RANGE —Oct. 24 Htßh. Low r . Close. January 9.60 9.30 9.60 March 9.40 9.23 9.40 Mav 9.25 9.15 9.25 July 9.15 9.01 9.13 September .. ......... 9.05 9.00 9.05 , December 9.90 9.60 9 90

PAGE 33

LAD IS CARRIED 1,000 MILES IN GABTOGHIGAGO Mother Kidnaps Son and Then Wins Part-Time Custody. Bn United Press CHICAGO. Oct 25—George W. Morgan Jr. has realized the secret ambition of every 11-year-old boy—to ride 1,000 miles in a taxicab—but already he is homesick for the blue Carolina mountains and the home of his grandparents, from which he was brought by his mother, Mrs. Lillian Morgan Pattison. Mrs. Pattison was divorced from George W. Morgan in North Carolina five years ago. Morgan waa awarded custody of the boy, but when he remarried placed George in the care of his grandparents on a farm near Asheville. Mrs. Pattison visited her son In October and induced him to go with her. They traveled in a taxicab for three days, reachtng Chicago while the father still was searching the mountains for his boy. The mother filed a petition to adopt George, declaring she had brought her son from the nineteenth to the twentieth century by removing him from the Civil war atmosphere of his grandparents’ farm. She testified that the home was impoverished, insanitary and dangerous and that George was far behind in his schooling. Circuit Judge Craig A. Hood asked the boy where he preferred to live. “Well, I’d like to live with my mother in Illinois most of the time,’’ was the reply, “but when it’s fall in the mountains and there are brown leaves on the trees and things like that, I’d rather be with dad.’’ SO Judge Hood ruled that was the way it should be. George was awarded to his mother with the recommendation that he be allowed to go to Asheville “when there are brown leaves on the trees.” DISPUTE POWER LEASE ON INDIAN RESERVATION Senate Committee May Take Up Protest on Project. Bv Scrinns-Tlmraril Netcsvarrr Alliance WASHINGTON, Oct. 25. The senate Indian affairs committee may take a hand in settling the question of who shall develop valuable power sites on the Flathead Indian reservation. A hearing is set for next Monday before Secretary Bonner of the federal power commission to receive protests of Walter H. Wheeler, applicant for the site, against a tentative decision to award it to the Rocky Mountain Power Company. Meanwhile, the Indian affairs committee has discovered that items amounting to $40,000 in the Rocky Mountain Power Company’s claim for amounts spent in prelicense development of the project, have been called improper by William V. King, chief accountant for the power commission. Auto Injuries Aged Man Jacob Nerenberg, 68, of 6 East Wilkins street, was in city hospital today with a fractured right leg, sustained when he was struck by an automobile driven by Clarence Mahoney, 631 Udell street, in the 1000 block South Meridian street Thursday.