Indianapolis Times, Volume 41, Number 144, Indianapolis, Marion County, 26 October 1929 — Page 13

OCT. 26, 1929.

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

Average Stock Prices

Average of twenty Industrial* for Thursday was 239 47. off 838 Average of twenty rails was 165.50. off 1.78. Average of forty bonds was 93 83. off 25. Bu Vnited 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. Closing prices of representative stocks obtained from tne floor before the tickers caught up included: Anaconda IJI%, off General Motors 54, up %; Erie 68 U, off %; Chrysler 45, off 1; Texas Corporation 59 1 i, up 1; General Electric 305 Vi, off 2Vi:; Packard 20Z, up 2; Cerro De Pasco 82Vi, up Vi; American Smelting 98, unchanged; Texas Gulf Sulphur 63%, up 2%; Kennecott 77';, up Jons Manville 169'.2, off Vi; Union Pacific 255, up 3. Most Active Issues General Motors featured in activity with total sales of 204,700 shares. Radio had a turnover of 176,400 sharse, Montgomery Ward, 166,100; Packard 136,900; Anaconda, 125,800; Commonwealth & Southern, 113,700; Standard of New Jersey, 112,000; United States Steel, 111,000; transcontinental Oil, 98,900, and Bethlehem Steel, 96,800 shares. These were the most active issues on the board. 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

INDIANAPOLIS STATEMENT Indianapolis bank clearings Friday, Oct. 25. $3,495,000; debits. $8,128,000. NEW YORK STATEMENT Bu Vnited Press NEW YORK. Oct. 25.—Bank clearings. $2,322,000; clearing house balance. $319.000,000; federal reserve credit balance, $218,000,000. TREASURY STATEMENT Bn Vnited Press WASHINGTON. Oct. 25.—Treasury net balance on Oct. 23 was. $231,777,368.67; customs receipts, for the month to the same date totalled, $42,556,445,82. FOREIGN EXCHANGE Bu Vnited Pri ss NEW YORK. Oct. 25—Foreign exchange closed irregular. Sterling. $4.87 17-32, off OO'.c; francs, 3.93 11-16 c, off .OOV.c; lira. 5.23 %c, off 003-16 c; Belga. 13 98%c, off .OOVic; marks, 23.91, off .00 %c.

Indianapolis Stocks

—Oct. 35*“ Bid. Ask. American Central L Ins C0....80U • •Belt R R fc Yds Cos com... 60 63'i •Belt R R & Yds Cos pfd 55 60 Bobb's Merrill S3 36<* Central Ind Power Cos old 91 94’ t Circle Theater ... 108 Cities Serv Cos com 48 ... Cities Serv Cos pfd 92 ... Cttrens Gas Cos com 34 405$ Citizens Gas Cos pfd 94i4 101 Commonwealth L Cos pfd 7 f i.. 97 ... Commnowealth L Cos pfd 101 ... Eauitable Sec Cos com .. ... Hook Drug Cos com 46V* ... Horufl Shoe Coro com Ind Hotel Cos Clavpool com .175 Ind Hotel Cos pfd 100 Ind Serv Corp pfd .. .... Indpls Gas Cos com 58 62 Indpls & Norwtn Tr Cos pfd... 6 Indpls P and L pfd 98’4 101 Indpls Pu Wei L Assn c0m.... 61 Indpls St RR Cos pfd 27i 30’a Indpls Wa Cos pfd 92 102 Inter Pub Ser or lln pfd 99Va 102 Inter Pub Ser 6s •• • 87 95 Merchanrs Puh Util Cos Pfd. 100 .. •Metro Loan Cos 97 101 •Northern Ind Pub S O pfd 7s 101 .. •Prog Laundrv Cos com .... 49 1 * S2va E Rauh At Sons Fcrt Cos Pfd. 50 Rea! Silk Hosier Cos ofd 90 Standard Otl of Ind 53 ... T H Indpls & Tr Cos pfd 7 T H Trac & L Cos pfd ttnlon Title Cos com .. 50 V Camp Prod Cos Ist pfd 94 100 V Camp Prod Cos pfd 90 ... •Shareholders Invest Cos 26% 28^ •Ex-dlvldend. —Bonds— Bid. Ask. Belt R * 8 Y co 4s 85 Broad R’pplc Trac Cos 5s .... 80 Cent Ind Gas Cos 5s 97 Central Ind Pow Cos 6s 98 Chi S B A N Ind Rv Ist 5s Citizens Gas Cos 5s 96 101 Citizens Btreet Railroad 55... 61 65V4 Garv St Ry Ist 5s 78 ... Home T A I of Ft Wayne 6s. 101 Indiana Hotel Cos 5s 97 ... Ind Northern Trac Cos 5s 3 5 Ind Railway and Light Cos 55.. 93 Indiana Service Corn 5s Indpls Power and Light Cos 94 98 Indiana Union Trac Cos 5s .... 3 Indpls Col At Trac 5s 96 Indianapolis Gas Cos 5s 96 Indpls & Martinsville T Cos 6s 15 Indols No Trac Cos 5s 10 14 Indpls At W Trac Cos 5a 15 Indpls Btreet Ry 4s 51H 54 V 4 Indpls U Rv 5s J 1965 A B .. #8 , 5 Indpls Trac & Terminal Cos 5s 92 95 Indpls Water Cos sl*s5 l *s 1953. .100 Indpls Water Cos 5Ws 1954..100 Indpls Water Cos lien At ref 5s 92 Indpls Water Cos 4'-3* 88 95‘s Indpls Water Works Sec Cos.. 80 86 Indpls Water Cos 4‘ys 89 Interstate Pub Serv Interstate Public Service Cos 5s 93 No Ind Pub Service Cos 5s 91 No Ind Telegh Cos 6s 1931.... 97 99Vi T H & E Trac Cos 5s 52 T H Trac and Light Cos 5s ... 86 91 Union Trac of Ind 6s 13H ... Other Livestock ' n TO : r'yi Oc'“ 25.—Hogs—Receipts. 600. mar . 15c to 25c lower: heavies. *9 25 ?9 # 'diums. *9.65*i9.75; porkers. *9.35 at *9.25' 9 50. Cattle—Receipts. 400 .■ arket. steady. Calves—Receipt*, light- market steady. Sheep and lambs —Receipts, light: market, slow. /?>. Prr PITTSBURGH Oct. 25—Hogs—Receipts 4 500 market, slow to 10c lower; 160-230 lbs *l*2B 240-300 lbs.. *9.50 10; 120140 lbs.. $9.50*t9 75 sows. *8*98.75. Csttl* —Receipts. 25 market, steady steers *5 *r 850 Calves- Receipts. 100: market, fully steady good and choice. *ls# 17 Sheep—Receipts 500: market strong to 2Se higher better gr*-* 'ambs, *l3 25ft 13.75: aged wethers, *606.75.

New York Stocks

—Oct. 25Prev. R.llro.dv— High. Low. Close, close. Railroad*— ..... Atchison 264% 260% 264% 261% Atl Coast Lne }*l% rialt Ac Ohio ..128% 128 127% 125% Canadian Pac ... ... 202% Uhesa Ac Ohio .244 239 239 242 Chesa Corn .... 74% 73% 13% <2% Baldwin 36 32 32% 33 Ch: Ac N West .. 93 90% 91% 92% Chi Grt West .. 14% 12% 12% 13% CRIftP 129% 128 128% 12.% Del Ac Hudson ..190% 185% 185% 186 Del Ac La vita ...146% 146 146% 145% Erie 70 68 68 % 69 Erie Ist pfd .... 64 63% 64 Jjjj Gulf Mob Ac OU .39 36% 36% 35 111 Central 129% Lehigh Valley ... ... ... ••• Kan CHv South . 82% 80 82% Z 2 Lou Ac Nash ... ... 137 Minn S L 2% 2% 2% 2% MKAc T 49% 49 Mo Pac pfd .....143% 142% 143% 142 N Y Central ...210% 208% 210 208 N Y C Ac 8t L. 168 168 168 168 NY NH Ac H 120% Nor Pacific .... 99% 97% 98% 99% Norfolk Sc West. 264 262 264 260 O At 1" Pennsylvania ... 98 98 96V* 96’/* Peor At East ... 23 23 23 P At W Va ....129 127 129 130 Reading ....126% 1222% 126% 122 Seab'd Air L... 15% 15 15 15% Southern Rv ... ... }4s’ Southern Pac ..137% 134 134 *34% St Paul 3% 33% 34 33% St Paul pfd 52% 50% 51% 51% Os T Jtr \JJ ... ... 70 st lAt s r'"'.‘.ii iij% iis% m% Texas At Pac ...135 135 135 137% Union Pacific ..255 252 255 252 West Maryland 27 Wabash "5 West Pac . ... 32 Rubbers— . , Rlslt 6 S'/s 5% 5 Goodrich 61% 60% 60% 60 Goodyear 86 81% 83% .5 a Kellys-SpKfld ... Vh itl iil Sv Lee United States .. 47 45 46 43 5 /4 Equipments— Am Car At Fdy ... Am Locomotive. 109% 107% 108% 108 V. Am Bteel Fd .. 54 50 51 48% AmAir Brake Sh 52V. 51 52% 50V. Man Elec Sup .. 23% 23% 23% 23'% General E1ec....311 301 305 308 Gen Ry Signal 97 Gen Am Tank. • 107% 10S 106 V. 106% N Y Air Brake.. 42 41 41 40V. Pressed Stl Car. 12Va 11% 12 11% Pullman 89 85V. 86% 84% Kestlngh Air B 55% 52% 52% 51% Werttngh Elec..lßßV. 176% 184'% 185 Steel.— Am Rol Mills ~110% 106'/. 107% 103 Bethlehem 103 V, 102'/, 102 V, 101% Colorado Fuel .. 50 48% 48% 40 Crucible 90 Gulf Etates SU.. 64% 63 6C'/ 63 Inland Steel .. .. ... ... 93 Otis 49 48% 49 49 Ren Iron At Stl. 102 P 7% 98 95 Ludlum 62% 57 62% 62''. U S Steel 207 203% 204% 205% Alloy 50% 47 49 49% Warren Fdy .... 24 20 22% 20 Youngstown Btl 128 V. 122 125'/. 120% Vanadium Corp. 69% 65'/. 69% 64% Motors— Am Bosch Mag.. 45% 42 43V. 45% Briggs 18% 17% 17V, 17% Brockway M0t...24% 22% 24 24 Chrysler Corp... 46% 44 45 46 Eaton Axle 39% 38% 38'/. 37 Graham Paige.. 14 12V. 14 14 Borg Warner ... 46% 43 46% 43% Gabriel Snubbrs. 10% 9 9% 10 General Motors. 55 52V, 54 53% Elec stor Bat... 93 90% 92'/* 92 Hudson 64 63 63% 60'/. Hayes Body Corp 15 13% 14V, 12% Hut>o 33% 31 31'/. 31% Auburn 340 224 224 235 Mack Truoks ... 87V. 85% 86% 83% Marmon 35'/, 30% 35 28% Reo 14% 12% 14% 14'/. Gardner 8% 6 8% 6 Motor Wheel ... 35% 33% 34 32 Nash 66% 64% 65% 65% Packard 20% 18V, 20% 18% Peerless 10% ... 10% 10% Pierce Arrow ... 28 26 26 29 Studebaker 58% 57 58% 57 Stew Warner ... 54 50% 51% 50 Timken Bear ...110 105'/. 108% 105 Willvs Overland. 14% 14 14% 15% Yelow Coach ... 17% 15% 15% 14% White Motor ... 41% 4040 V. 40 Mining— Am Smelt At Rfg 99 97'/. 98'/, 98% Am Metals 60% 59 60V. 57V, Am Zinc 16% 14'/. 15% 14'/, Anaconda Cop ..107 100 101% 102 Cnlumet At Artz.ll6% 111% 113% 108 Calumet At Hecla 36V, 36 36% 34 Cerro de Pasco.. 83% 82 82 81% Pome Mines .... 8% 8% 8% 8% Andes 44% 44% 44% 43 Granby Corp ..72 69% 70'/, 68Vi Greene Can Cop 165 Gt Nor Ore 25% 35 25'% 23% Inspiration Cop 35% 34 35% 34% Howe Bound... 52 50 50% 51% Int Nickel 46% 44% 46 44'/, Kennecott Cop.. 77V, 75% 77% 75 Magma Cop .... 16 63 66 62 Miami Copper ..37 36 36% 36 Hev Cons 40% 38% 40 36% Texas Gul Sul.. 63V, 61% 62% 60% St Joe 68 66 % 67% 63% U S Smelt 41 40% 40% 39 Oils— Atlantic Rfg.... 49% 46% 48V, 48 Barnsdall lAt ~ 27% 26% 26V. 25 Freeport-Texas.. 40% 38 % 40 36 Houston Oil ... 67 63 65 62 Indp Oil At Gas 27 26% 26V. 26% Conti Oi: 32 38'/, 31% 30% Mid Cont Petrol. 3044 29% 30 30 LaRO Oil At Tr.. 30 27 30 25 Pan-Am Pet 8.. 63% 60 63% 60% Phillips Petrol.. .. 27% Prairie Oil 51V, 50% 50% 49% Union of Cal . . 48 V, 47% 48 V, 48 Prairie Pipe 59 Pure Oil 26V, 25% 26% 25V, Royal Dutch 55V, 55 V, 56V. 54 Richfield 31 28% 31 30 Shell 25 Simms Petrol 25 Sinclair OU .... 31 29 31 28% Shelly Oil 35% 32% 34 V. 32 % s-d Oil Cal ... . 873? Std Oil N.l .... 72'/, 70'/, 72 68% Std Oil N Y ... 39% 38% 38% 38 Tidewater 16% 15% ... 14% Texas Corp .... 59% 59% 59'/, 58'. Texas CAt 0.... 14 13% 14 MV, Transcontl 9V, 9% 9% g% White Eagle 31% 31V, 31% 30% Industrials— Adv Rumlev ... 25 25 25 27% Allis Chaim New .. ... . 49 Allied Chemical. 286 283 286 284 A M Byers 130 104% 114% 111 Armour A 8% 8% 8% 7% Amer Can 158 152% 155 137 Alleghanev Corp. 37% 36% 38% 36 Am Safety Res. 64% 60% 64% 60% Am Ice .... 39% 39V, 39% 41% Am Wool 12 11% 12 11% Assd Dry Goods 43% 43 43 41V4 Bon Alum ... ... 68 Coco-Cola 141\ 138% 141% 147% Conti Can 70 66V. 68 64 % Certalnteed ... 18% 18 V. 18% 18% Croslev 54 51 54 53 Congoleum 19 18V, 18% 18Vi CurMss W 14% 13V, 14 jj Davidson Chem. 41 40'% 41 41% Dupont 167% Famous Players. 58% 56% 58% 56% Oen Asphalt 62 % Fox A . 83% 78 79’/. 82 V, Gold Dust 53 50% 80% 49% Olldden 44% Tnt Harvester 109 s ', Kelvinator 10% 10 10 10% Lambert 115% HS% 115 lm, Link Belt 46% Mav Stores 81 Kolster 11% 10 11% 9% Montgom Ward.. 77%' 71% 75 74 Natl C R 101% 96% 96% 96% Radio Keith 24% 24 24% 25 Owens Bottle ... 70 65% 65% 65 Radio Corp 61% 58V, 60% 58V, Real SUk 63 60 61’, 63 Rem Rand *9 47 48 47 Sears Roebuck. .133% 129% 130% 129 Union Carbide ..107 103 106 107'., Warner Bros ... 50 48% 49% 49 Un Air Craft .. 79 75% 76% 72% Unlv Pipe 5 4 4% 4'-. USCs Ir Pipe.. 21 19% 19% 20 U S Indus Alco 196 Worthington Pu 100 ... 95 97 Woolworth C 0... 86% 86% 86% 85 Utilities— Am Tel At Tel. 272% 26544 265 V, 269 Am Pr At Lt 109% Am For Power ..104% 99% 102 109% Am Wat Wk 103% Oen Pub Serv... 52 50 51 49%

On Commission Row

FRUITS Apples—Delicious, box extra fancy. *4: fancy. *3.15. choice. *262.35; Wealthy. 53.50: Malden Blush $3.7563: Jonathans. *3. i5: Grimes Golden *2 75: extra fancv box. Grimes. *3: New Tork Duchess. $2.25 62.50: Gravensteln. *3: Wolf River. *3 50. Cranberries—*3.7s a 25-lb box: 57.35 a 50-lb. box. Grapefruit —Florida *. Grapes—California. seedless. *2.25 a crate: Malagas. *2 a crate: Tokavs. 53 Lemons—California, a crate. 515. Limes—Jamaeia *2.2563. Oranges—California Valencia. 53.75 88 Peaches—New York. *4 a bu. Plums—s2.Ss Idaho. 18-lb. case. 51. VEGETABLES. Beans—Green, stringless. 53.75. Beets—Home-grown. dot. 40c. Carrots— Home-grown. doa. 60c. Cabbage—*3.so a barrel. Cantaloupes—Flats. *1.3561.50: Honeydew. *1.75: Casaba melons. *1.75: Colorado *2.35: Tlptooa. barrels. *4.50: Jumbo. 51 50 Cauliflower—Colorado crate *1.75. Corn—Home-grown. 35630 c a dosen. Cucumbers—Hothouse, a dosen. *1.35. Eggplant—*lso33 a dozen: 5283.25 a hamper. Kale—Boring, a bushel. 51. Lettuce —California leeberg. 58 • crate: home-grown leaf a bushel. 11. Mustard—A bushel. 51. Onions—lndiana yellow 53.35 • 100-Ib bag*, white. 50-lb. bag. 51.7*. Parsley—Home-grown, do*, bunches 45c Peas—Colorado 5868.25 a ham Der. Peooers—Home-grown 81.50 a bushel Potatoes—Wisconsin and Minnesota white *4 5064.75 a 180-lb. bag: Red River Ohtcs 130 lbs.. 53 75. Idaho Russets. S3 75. Radishes—Button nothouse. dosen 50c Southern long red. 15625 c dorea Sweet potatoes—Virginia Jersevs *4 s barrel: 53 a bushel* Indiana Jersey* *3.25 a bushel: Nancy Halls *2 a hamper. Tomatoea— Home-grown a busbela *36 2 Vi* 15-lb basket Me United Core ... 465 k 45Vk 4S5k 57 nt|ltl*s Power 42 25 42 42 West Union Tsl 545 22* 2405 k 225

(By Thomson Ac McKinnon)

Col OAc E 95% 92% 95% 91% Consol Gas 121 118 V, 119'/, 118% Elec Pow At Lt 48 Int T At T 107% 163% 106% 106 Nor Amer Cos 120% 116% 117 120 Pac Light 85% Pub Serv N J.. 101 98 99% 96% So Cal Edison 67% Std Gas Ac El.. .. ... 143 United Corp .... 44% 42% 43% 41% Utilities Power 40 United G At Imp 351,4 West Union TeL249% 240 241 243 Shipping— Am fntl Corp.. 63 60 61% 57 Am Bhlp At Com.. 2%z... 2% 2 Atl Guff At W I 75V. ... 75 71% Inti Mer M pfd.. 34% ... 34% 35% United Fruit ...117 115 lie 114% Food,— Am Sug Rfg .. 73% ... 72% 72% Wark Baking 8.. 7% ... 7 7'/. Tobaccos— Am Sumatra ... 35 34% 35 34 Am Tob B 218% 215 218% 208 Con Cigars 50% .. 50 43 General Cigars .62 ... 60 62 Llg At Myers .. 99% 95V, 97V. 95 Lorlllard 24V, 22V, 23V. 23 R J Reynolds ... 54V, ... 52% 53 Tob Prod B 6V 6'/, 6% 6 United Cigars St 6% 5% 6 6% Schulte Ret St. 12 11 11% 331/,

Cash Grain

—Oct. 25 The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41%c New York rate, were: Wheat—Steady: No. 2 red, *l.ll @1.13: No. 2 hard. $1.0801.11. Corn—No. 2 white, 89090 c; No. 3 white 88@89; No. 2 yellow, 87088 c; No. 3 yellow. 86@87c; No. 2 mixed, 85%@86%c; No. 3 mixed. 84%@85%c. Oats—Firm: No. 2 white. 42V,@43'4c; No. 3 white, 41'/,@42%e. Hay—Steady: No. 1 timothy. $15.50016; No. 2 timothy. $15015.50; No. 1 light clover mixed, $14.50015. —lnspections Wheat—No. 2 red, 1 car; No. 3 red. 1 ear; No. 4 red. 1 car; No. 2 hard, 1 car; No. 3 mixed, 1 car. Total. 5 cars. Corn—No. 1 white, 1 car; No. 2 white. 5 cars; No. 3 white, 1 car;; No. 1 yellow, 9 cars; No. 2 yellow, 17 cars; No. 3 mixed. 1 ear. Total, 34 cars. Oats—No. 2 white, 6 cars; No. 3 white, 1 car; No. 4 white, 1 car. Total, 7 cars. Rye—No. 3, 1 car. Total, 1 car. Barley—No. 3, 1 car. Total, 1 car.

Produce Markets

Eggs—Country run. loss off delivered In Indianapolis. 38c: hennery ouality. 46c: No. 1 36c; No. 2. 26c. Poultry (buying prices I—Hens, weighing 4% lb. or over. 23<&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 0 22c: Leghorn springers. 15c: old cocks. 14c to 15c. Young turkev hens (must be fati 32c: young toms. 28e: old hens 24c: ovd toms. 20c. Ducks (full feathered! 12c. Geese (full featheredi 9c. Guineas. 30c. These prices are for No. 7. top duality poultry, auoted bv Kingan Ac Cos Butter (wholesale!—No. 1. 48®49c; No. 2. 46®47c. Butterfat—47c. Cheese (wholesale selling price per pound!—American loaf. 35c- pimento loaf. 37c: Wisconsin firsts. 27c: Longhorn. 27c: New York limberger. 30c. Bu Vnited Press CHICAGO. Oct. 25.—Eggs—Market, stead ■; receipts. 2 536 cases: extra firsts, 45@4bc: firsts. 44c: ordinaries, 36038 c; seconds. 28034 c. Butter—Market, weak; receipts. 9.343 tubs: evtras. 44c; extra firsts. 42®43c; firsts. 38@40c: seconds. 37® 37%c: standards 426 c. Poultry—Market, weak: receipts. 6 cars; fowls. 25c; springers. 22@23c: Leeghorns. 20c; ducks. 23c; geese. 22c: roosters. 20c. Cheese—Twins. 22%<h22%c: young Americas. 24%c. Potatoes—On track. 454; arrivals. 132; shipments 9.026: market, about steady; Wisconsin sacked round whites. $2.5002.65; Minnesota and North Dakota sacked round whites. $2.3002.40: Minnesota and North Dakota Red River Ohlos. $2.50 0 2 60: South Dakota Sacked Round Whites. $2.30(82.40; South Dakota Earlv Ohios. $2.5002.60; Idaho Sacked Russets, small $2.90®3. Bu Vnited Press NEW YORK. Oct. 25.—Flour—Unsettled and weak: spring patents. $6.1006.40. Pork —Dull: mess. $28.50. Lard—Easier; middle west spot. $11.25011.35. Tallow—Dull; special to extra. B@B%e Potatoes—Weak; Long Island S3O 6.35: Maine. $4.1505.25. Sweet potatoes—Steady: Southern, baskets, 75c® $1.50: Southern, barrels. s2® 2.25: Jersey. 75c®51.65 basket. Dressed poultry —Quiet: turkeys. 34050 c: chickens, 25@ 38c: fowls. 21@35e: ducks. 18@23c; ducks. Long Island 23®26c. Live poultry—Quiet; "eese. 13022 c: ducks. 180 32c: fowls, 20® 33c: turkeys. 35045 c; roosters. 17® 18c: ch'ckens. 22®32c: broilers. 21034 c. Cheese —Steady; state whole milk, fancy to special. 27%20%c; voung Americas. 25® 27c. Bn Vnited Press CLEVELAND. Oct. 25—Butter—Extras. 4 8%c: extra firsts 46@47c; seconds. 39@ 40c. Eggs—Extras. 54c: firsts. 44c. Poultry—Fowls. 28@30c: broilers. 25027 c: Leghorn. 18®20c: Leghorn broilers. 22® 23c; ducks. 230 25c: old cocks. 18@20c. Potatoes—New York. *4.20 0 4.35 per 150-lb. sack: Maine green Mt.. $4.5f)®4.75 per 150 lbs. sack: Idaho Russet. $3.6003.65 per 100-lb. sack: home grown. $1.5001.70 per bushel sack.

In the Cotton Market

Thomson Ac McKinnon NEW YORK. Oct. 25 —Cotton prices averaged about ten points lower his morning Volume moderate. Tone steady. The trade supported the market. The fareast furnished the bulk of the buying orders. Thursday’s display of strength was the general subject of trade discussion. The ginning figures were above expectations but were easily interpreted as Indicative of any kind of a final yield the statistician has In mind. There is only one feature of the business which disturbs us and that is the high percentage of foreign cotton being sold in Liverpool. Mobile was made a point cf delivery on New York contracts today. Carolina spinners tell us that their business is verv satisfactory. They would like to 3ee a little wider margin of profit. To establish prices many December contracts are still to be bought. We suggest following the spinner In his buying program. In the early afternoon prices were up to Thursday's close. NEW ORLEANS —Oct. 25 High. Low. Close. January 18.42 18 09 18.30 October 17.99 17.83 17.83 December 18.30 17.96 18.19 NEW YORK High Low Close January 18.50 18.18 18.34 March 18.79 18.47 18.63 May 19.06 18.74 18.90 July 19.11 18.83 18.99 October 18.14 17.82 18.12 December 18.39 18.07 18.25 CHICAGO High. Low. Close. January 18.45 18.18 18.45 March 18.75 18.48 18.65 May 19.00 18.80 19.00 July 19.00 18.88 19.00 October 17.95 17.95 17.95 December 18.32 18.07 18.29 YOUTH SENT TO FARM James Smiles, 18. Gets Six Months for Petit Larceny. Convicted by Municipal Judge Paul C. Wetter today on petit larceny charges, James Smiles, 18, of 3016 North Gale street, was fined $25 and sentenced to six months on the state penal farm. John Matan, 428 East Pearl street, was fined SIOO and sentenced to thirty days in county Jail on blind tiger charges. Building Permits W. Rvan. dwelling and garage. 1420 Somerset. *2 500. „ _ W. Rvan. dwelling and garage. 1424 Somerset. *2.500 W. Rvan. dwelling and garage, 1413 Somerset. *2.500. Felber A: Reillv. chimney. 825 North 1111nols. *?SO.

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

THE INDIANAPOLIS TIMES

PORKERS DROP 5 TOIO CENTS AT CITY PENS Lambs Unchanged; Veals Steady, Selling at $15.50 Down. Oct. Bulk Too Receipts 18. $9.90010.00 SIO.OO 5,000 19 10.00010.10 10.10 5.5C0 21. 9.75® 9.90 9.90 10.500 22. 9.800 9.90 10.00 6.500 23. 9.85® 9.00 9.90 5.5n0 24. 9.85® 9.90 9.90 7.000 25. 9.750 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 $.90. 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, few early sales steady to 10 cents lower than Thursday’s average, choice of 180 to 250 pojmd 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® 9.90 250-350 ios b.'iaw.lo.it) 200-250 lbs 9.75® 9.90 160-200 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 [email protected] Beef cows 7.00® 9.50 Low cutter and cutter cows.. 5.00® 6.75 —Calves— Receipts. 700; market, steady. Best Veals [email protected] Heavy calves [email protected] —Sheep— Receipts. 600; market, steady. Top fat lambs $13.00 Good and cnoice [email protected] Common and medium [email protected] Bulk fat ewes 3.50® 5.50 Other Livestock Bu Vnited Press CHICAGO. Oct. 25.—Hogs—Receipts, 22.000: including 5.000 direct; mostly 10@ 15c lower; top. $9.90: bulk better grades, 160-300 lb. weights. [email protected]; packing sows, [email protected]; 90-150 lb. weignts, $9.25® 9.75; butchers, medium to choice. 250-350 •os.. [email protected]; JUU-HeO lbs. Bs.sa®9.i> j; rou-200 10s.. [email protected]; 13U-160 ios., s9.lj W.9.8U; packing sows. [email protected]; pigs, rneuium to cnoice, 90-13 U 10s.. s u .u@9. lo. oattie —Receipts. 25,000 ;calves. l,00u; sman week-end suppiV; steers and yearlings fuliy steady; lower grade predominating; mosuy 613 down to sil.su; mixed year linns. sls; she stock dull, weak to 2uc lower; siaugmer classes steers good and cnoice. ladu-iuOO Ids.. [email protected]; nuU-laoo ills.. $13.26016.25; 950-lluo ios., 313.DU@ 16.25: common and medium. 850 lbs. up. [email protected]; led yearlings, good and cnoice, 700-900 lbs. [email protected]; hellers, goou and choice. 850 ibs. down, [email protected], common and medium. ;v.75® 13.50; cows, good and choice. $8010.75; common and medium, $6.5008; low cutter and cutters. [email protected]: bulls, good and choice, $8.70@ 10.25: cutter to medium. s7®a.Bs: vealers, milk fed good and cnoice. $12.50@15; mediums. $11.50® 12.50; cull and common, $7 @11.50: stocker and feeder steers, good and choice, all weights, $10.25@12; common and medium. $8.25 @10.25. Sheep— Receipts. 12.000: fairly active steady to 25c higher; native lambs. sl3: ranges, old; tat ewes, [email protected]: leeoing lamos about steady; lamos. good and choice, 92 lbs. down. [email protected]; medium. [email protected]; cull and common. $7011; ewes, medium to choice. 150 lbs. down. $4.25®5.50; cuU and common. [email protected]: slider lambs, good and choice. [email protected]. Bu Vnited Press CLEVELAND. Oct. 25.—Hogs—Receipts. 1.500; holdovers. 247: steady to 5 cents, spots, 15c lower; 160-2oU 10s.. [email protected]; 150 lbs. down. $9.75; sows. $8.25; stags, $6.50. Cattle—Receipts. 200 steady; Jew common steers. [email protected]; fat cows, 56.50@8: cutter grades. $4.7505.75. Calves —Receipts, 200: steady to easier; vealers. [email protected]: ewes. $18: medium kind. $12.15; culls down to $lO or under. Sheep—Receipts. 1.000; lambs, strong to higher; nearly good qualities upward to $13.50; choice kind scarce and in demand; fat ewes ss® 6. steady. By Times Special LOUISVILLE. Ky.. Oct. 25—Hogs—Receipts. 1 400; market. 25c lower: 175-250 lbs.. $9.70; 250 ibs. up. $9.10; 130-175 los.. $9.30; 130 lbs. down. $7.90; roughs. $7.75; stags. $7.15. Cattle—Receipts, 200; market, steady: prime heavy steers. [email protected]; heavy shipping steers, s9@ll; medium and plain steers. $7.50@9; fat heifers s7® 10.50: good to ‘•home cows. $6.5008.25; medium to good cows. $5.7506.50: cutters, [email protected]: canners, $7.5005.25; bulls, s6® 8.25; feeders. sß® 10.50: Stockers. s7®id. Calves—Receipts. 300; market, steady: fancy calves. $13.50: good to choice. $10.50 @l3; medium to good [email protected]: outs, $7.50 down. Sheep—Receipts, 100; market, steady: ewes afld wethers. $11.50; buck iambs. $10.50: seconds. ss@7: sheep. s4@s. Thursday's shipments: Cattle. 206; calves, 105: hogs. 319; sheep, none. Bu Vnited Press CINCINNATI. Oct. 25.—Hogs—Receipts, 3 800: holdover. 780: butchers. 180-280 ios.. 15 to 25c lower, others steady; bulk good and choice. 180-260 lbs., $9.70@10, largeiy $10; a few loads of 200-220 lbs.. $10.10: 130 lbs. .butchers, quoted. $9.75; bulk. 1.20170 lbs.. $9.50. to mostly $9.75; 100-lb. Digs. [email protected]; 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, s7® 8.50: low cutters and cutters, mostly s6® 6.25; bulk mostly $6.50(88.65: Stockers and feeders, active: veals about steady; undergrades weak, soots lower, top $15.50. Sheep—Receipts. 1.000; better light lambs, $12012.50; heavies over 90 lbs.. [email protected]; throwouts. [email protected]; bucks, $10: good light ewes. [email protected]. DEPLORES ‘DRIVES’ Glossbrenner Tells Ideals for Police Efforts. Spasmodic campaigns against speeders, gambling, and crime by the Indianapolis police department were decried by Alfred M. Glossbrenner, Republican nominee for mayor, in a talk before the Marion County Good Government Club in the Lincoln Thursday night. “I do not believe in week-at-a-time campaigns against vice,” he declared. “Instead, I believe in the steady, conscientious enforcement of the laws of the state, city, and nation with pressure exerted at all times, and not when the attention of the police powers are called to this or that by newspapers or other public criticism,” he asserted.

Business —and— Finance

NEW YORK, Oct. 24—Bethlehem Steel Corporation today reported net profit of $11,384,720, after interest, fecteral taxes, depreciation, depletion, etc., in the third quar er 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. Bu Vnited 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. Pierce-Arrow Motor Car Company reports net profit for the first nine months of 1929 of $2,456,6*3 against losses of $1,037,926 in the same period last year, an improvement of $3,491,599 as between the two years. The state of New Mexico has issued *2.000.000 6 per cent debentures through John Nuveen fz Company and C. W. McNear & Company for the purpose of consctructlng highways. The General Leather Company of Newark. principal subsidiary of the Reynolds Spring Company, has closed contracts with the New York. New Haven & Hartford Railroad and the Paramount Cab Cos. for upholstery leather. The Paramount Cab order calls for 7.500 hides. The New York. New Haven & Hertford prilroad 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 Evans Auto Loading 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 shaie on 2,419.000 shares of capital stock. This is befo’-e giving effect to the merger with Bristol-Myers Company, which will shortlv be fully consummated by 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 W'ith $21,786,276.51 for the first nine months of 1928. Third quarter earnings. however, fell somewhat below the coriesponding 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 Sent. 30. 1929, shows net current assets of $88,439,469.30, an increase of $1,731,614.45 during the third ouarter and an increase of $lO 596,311.35 for the first nine months of 1929. The ratio of cu-rent 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. E,u Times Snrrial 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. *o?nnn < 7TnS tions worth approximately $24,000,000 are being given to security holders of Kreuger fe Toil Company.

TRADE IN YOUR OLD RADIO (Regardless of Its Condition) ON A NEW B|i j $lO Allowance | I I sls Allowance jaHMI JL ill 1 Regardless of the Condition j of Your Present Set! c l ( | 1 jp Come in and select your Majestic fj J ILJB —we will deliver and install it at once—and bring in your old set. 8 CONVENIENT J^ de,9 £ Tubes -CREDIT TERMS Tul” "The Home of Guaranteed Furniture” is conveniently located on 3|gßW Washington street, just l l h. blocks west of Illinois street, You Have directly opposite the Statehouse. £ef (j a Been x jhl: 1 Put One V/anting |g a on7 TMmm if RBf vR “P -- wmm furnitureca?> x, chance! 231-237 W. Washington St *

WHEAT PRICES DECLINE AFTER HIGHJPENING Foreign Buyers Take Large Quantities of Grain Over Night. Bn Vnitrd Press CHICAGO, Oct. 25.—Large exports of hard winter wheat and the better tone in stock markets brought future deliveries to a firm close on the Board of Trade today. Sales to foreigners totaled around 2,000,000 bushels and this, with the sharp advances at Buenos Aires, brought liberal short covering, after prices had fallen 6 cents from their opening highs and indications were for another violent setback. London reported a better demand for wheat from the continent. Corn advanced unevenly but oats made good gains with wheat. At the close wheat was IVi to 1% cents higher, corn was up % to % cent and oats were % to 1 cent higher. Provisions were strong. After a strong opening the wheat market declined sharply in the first hour. Trading was very nervous but without any of Thursday’s hysteria. During the morning foreign buyers were reported to have taken large quantities of wheat over night. The cash price was 1 cent higher. Receipts were 15 cars. Corn opened steady with less of a gain than that in other grains. As wheat sank early, corn eased with it; not enough, however, to unsettle the market. Trading was light. Cash prices were Vs cent higher. Receipts were 121 cars. Oats were steady in a dull market, easing slightly with wheat. Cash prices were % cent higher. Receipts were 32 cars. Chicago Grain Table —Oct. 25 WHEAT— Frev. Open. Hioh. Low. Close, close. Dec... 1.20% 1.22% 1.17 1.11% 1.20’4 Mar.. 1.29% 1.30 1.25 1.29% 1.28 V. May.. 1.32% 1.34 1.28 1.32% 1.31% CORN— Dec.. .91% .92% .90% .92% .91% Mar.. .97% .98 .96 .97% .97% May.. .99% 1.00% .93% 1.00% .99% OATS— Dec... .49% .50V. .48% .50 .49% Mar.. .52% .53 .51% .52% .51% May.. .53% .54% .53% .54'% .53% Dec.. 1.01% 1.05 1.05% 1.04% 1.03% Mar.. 1.0 < 1.09% 1.06% 1,09'/. 1.08% May.. 1.09 1.11% 1.08% 1.11% 1.09% LARD— Oct. 10.60 10.70 10.60 10.70 10.65 Dec. 10.75 10.90 10.75 10.90 10.80 Jan. 11.37 11.40 11.32 11.40 11.35 RIBS— Oct. 11.20 No sales 11.20 11.20 BELLIES— Oct. 10.87 Nominal 10.80 11.00 Nov. 10.87 Nominal 10.80 11.00 B,u Times Special CHICAGO Oct. 25.—Carlots: Wheat. 15; corn. 120: oats. 30: rye. 4. Bu Vnited Press CHICAGO. Oct. 25.—Cash Brain close: Wheat—No. 1 hard. $1.15%: No. 2 hard, $1.14; No. 2 mixed. 51.15; No. 1 yellow hard. $1.13%. Corn—(Old) No. 2 mixed, f2'.bc: No. 3 mixed, 92@92%c: No. 4 mixed, 92c: No. 6 mixed, 90%c: No. 1 yellow, 92% @93%c: No. 2 yellow, 92%@93%c; No. 3 yellow, 92@93c. Corn—l Old) No. 1 white. 93V, c; No. 2 white. 92%@93c; No. 4 white. 92Vac: sample eraae. 88@89c. Corn —(New No. 4 mixed. 85c; No. 3 vellow, 88 %c: No. 4 yellow. 84 085 c: No. 5 yellow, 81%®83c. No. 6 rellow. 79c; sample grade. 72® 78c. Oats —No. 2 white. 46@‘ , 6%c: No. 3 white. 45®40c; No. 4 white. 45c. No. 1 rye. sl. Barley—6lo66c. Timothy, $4.85 @5.55. Clover—sll.sool9. Bu Vnited Press TOLEDO, 0.. f%t. 25.—Cash grain close; Wheat—No. 2. red. [email protected]. Corn —No. 2. yellow. 99%[email protected]%. Rye—No. 2, *1.06. Oats—No. 2. white old 53%@54%c: No. 2 white new 49%@50%c. Barley—No. 2 68c. Clover—Domestic, cash old $11.10; cash new. $11.10; October. $11.10; December. $11.30. December choice, $11.80; February. $11.55; March, $11.70: Imported cash old, sll. Timothy—Cash old. $2.40; cash new. $2.60: December. $2.75: March. $2.90. Alsyke—Cash. $10.60; October. S10.60; December, *10.75; March, sll.lO. Butte-—45049c. Eggs—4o@42c. Hay— Tim nth v. $1.25 cwt.

Chicago Stocks

,<By James T HamUi 6k Cos. I

—Oct. 25TOTAL SALES 560.000 High. Low. Last. Adams Mfg 3’ 33% 34 Allied Motor Ind 38 36 37 Aniea Froaucts N 54% 53 53% Art Metal Wks 29% 27 28% Auburn Automobile ....250 220 230 Bendix Aviation 49% 45 48% Blnks Mfg 26 Borg-Warner 47% 45 46% Brown Fence & W 'A' 20 . Brown Fence <sc W 'B' 20% ... ... Amn Eq 28 27% 27% Genl Thea Eq 30% ... ... Cord 21% 19% 20% Midwest New 37% 35 s , 36% Butler Bros .. 27 26 26% cent &So West 23% 21% 22 Chicago Corp .. 32 30 33 Chicago Corp ctfs .... 46% 4 45 Chicago Yellow cab ... 26% 26 26% Construct Materials.. 18 Construct Materials pfd 40% 36'/. 40% Electric Researcli Lab. 7 6 6 Gieaner 112 100 100 Great Lakes Aircraft 15% 13 V, 15 Grigsby-Grunow ..... 40% 37% 40 Hart-Carter 22% 20% 22% Houdallle-Hershey "A" 29 28 28% Houdallle-Hershey "B” 39 28 28% Insull Util Invest. 85 80 82% insull Util Invest pfd. 98 96% 98 Iron Fireman 30 29 30 Kellogg Switch, com. 9% 9 9 Ken-Rad Tube Ac Lam 22 20% 21 Keystone Steel 38 37 37 Libby-McNeil 20% 19 19% Lion Oil Refining Cos ... 24 , . , , 22% 23% Lynch Glass Machine .. 20 Meadows Mfg Cos com.. 5% 5% s'/, Merchants & Mfrs "A". 25 Middle West Utilities ..361 350 355 Muncie Gear "A" 6 Muncie Gear "B” 5 National El Power “A” 34 31V', 31% Natl Securities Invest.. 35 33 35 National-Standard 38 37% 38 Noblltt-Sparks 52 50 50 North American Car.... 46 44 44 No & So Amer Corp.... 31 25 31 Ontario Mfg 36 ... ... Parker Pen . 45 44 45 Pines Wfnterfront 55 53 54 Reliance Mfg Cos 19 18% 19 Ross Gear 42% 41% 42% Ryerson & Son 39% ... Strd Dredging Cos 27% 25 25% Steinite Radio 15% 14'/, 15% Studebaker Mall 14% 14 14 Super-Maid 54 50 52 Swift & Cos 135'% 135 135 Swift Inti 31 Unit Corporation 17% 17 17% U. S. Radio and Tel. .. 25 22% 24 Utah Radio 17% 14 4 15 Utility Ac Ind 32% 31% ... Utility & Ind. pfd. ... 3a% 35 35 Wextark Radio 44 40% 40% Winton Engine 6a 60% 60‘4 Yates Machine 23 21 23 Zenith Radio 30% 29% 29%

In the Stock Market

(By Thomson Ac McKinnon) NEW YORK. Oct. 25.—Reassuring statements issuing from the conference of bankers held Thursday, perhaps did more to keep today’s market in an orderly condition than all else in the way of market developments. The knowledge that poweiful support will be under the market end that selling waves such as were encountered Thursday should they be repealed, will meet with strong resistance, apparently has done much to allay apprehension, though it has not. nor is it intended to create the idea that prices are to be immediately marketd upward. For the moment all exterior conditions are given little consideration because of the more serious business of revamping accounts to fit market conditions. This procedure we believe will continue for some little time with Investment buying in those sound issues which have reached an attractive level, replacing further liquidation In other issues not so strongly intrenched, and this will oulte likel vresult In much irregularity until read.lustments are nearer completed. The one gratifying angle is that as vet business remains in a fairly stable condition and with reasonable stability in the stock market, undue recessions In business are not anticipated. With the return of sanity to speculative affairs we can probably look forward to better things later on. but taking too much for granted at the moment as to a compete reversal of trend, we regard as an ill-considered policy.

Local Wagon Wheat

Cltv grain elevators are paying $1.03 for No. 2 red wheat and $1.04 for No. 2 hard wheat. NEW YORK COFFEE RANGE —Oct. 2s High Low Close January 9 10 9.10 9.10 March 9.45 9.30 9.30 May 9.10 8,73 8.73 July 9.04 8.65 8.70 September 9.05 8.60 8.62 December 10.00 9.40 9.45 NEW YORK COFFEE RANGE —Oct. 24 High. Low. 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 9.15 September 9.05 9.00 9.05 December 9.90 9.50 9.90 RAW SUGAR PRICES ---Oct. 25 High. Low. Close. January 2.21 2.19 2.19 March 2,22 2.19 2.19 May 2.27 2.24 2.24 July 2.34 2.31 2.31 September 2.40 2.36 2.36 December 2.23 2.20 2 20

PAGE 13

LAD IS CARRIED 1.000 MILES IN CAB TOCHICAGO Mother Kidnaps Son and Then Wins Part-Time Custody. Bv Vnited 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 was 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, reaching 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.” New York Curb Market —Oct. 25 — Closp AUfed Power 55V a Am Dept Stores 3 Am Super Power (A) 35 Am Gas 151 Assoc Gas 51% Aviation Corp 29% Ark Gas 15% Bulova Watch 30 Blue Ridge 13% Cities Service 4 % Conti Oil Curtiss Fly Serv J 4 Cord ?3 De Forest 10% Durant ® Elsley Elec 21% Elec Bond Ac Share JJJ Elec Invcs Ford of Canada (A) 35,* Ford of France Ford of England • • • il.y Firestone Gold Seal ..... 9 General Bakine (A) 5% Goldman Sachs ,521? Imo Oil 24% Leehman Nnrma r, da 2/ • Ohio Oil .‘5 Pac West Oil 19 Pantepec .2,2 Penroad * Rainbow r: 12 Salt Creek J* Std Oil Ind Std Oil Kan 20 Stutx Motor “4 Sel Industrie -if ' 2 Utilities Power * Utilities Equity Walereen • V • ■ ' 1