Indianapolis Times, Volume 41, Number 152, Indianapolis, Marion County, 5 November 1929 — Page 13

NOV. 5, 1U29

PORKERS SELL 30 GENTS OFF AT CITY PENS Cattle Strong to Higher: Veals Stationary at $15.50 Down. Oet. Bulk Top Receipt*. *8 50 tljn 5,000 20. 0 65'./ I 75 9.75 7.000 31. 9.69 9 80 7.000 Nov. 1. 9 45 9 60 7 000 *. 8.60 9 60 3.500 4. 9 75 9 75 6 000 • > 45 8.50 8.000 Hog market was largely 25 cents to 30 cents lower today at the city Stockyards. The bulk, 160 to 325 pounds, sold at $9.45; a lew choice loads were selling at $9.50. Receipts v ere estimated at 8.000; holdovers, 334. Cattle were strong to steady, with indications pointing to a higher market, all grades of steers sold at sll to $14.25. Vealers were mostly unchanged, selling at $15.50 down. Sheep and lambs were largely 50 cents higher, with a good to choice grade of lambs selling at $12.50 to sl3, lower grades sold at $8.50 to $11.50. Chicago hog receipts were 33,000, Including 4,000 directs; holdovers. 3.000. The prices 10 to 15 cents lower than Monday’s average, occasional load of 200 to 250-pound weights, was bid $9.35 to $9 40. Cattle receipts, 11,000; sheep, 7,000. —Hos s Receipts. 8.000; market, higher. 200 lbs. and up .8 9.244 9.45 230-300 lbs 9 6041 9 65 223-350 lbs 9 45i 9. 50 200-225 lbs '.l 9 45 130-160 lbs 8 254 8.75 90-130 lb? 8 504i. 9 00 Packing y/ws 7.5041 8.50 —Cattle— Receipts, 750: market, steady. Beef steers. 1100-1500 lbs., good and choice $12.00015.25 Common and medium 9.00®. 12.00 Beef steers, 1100 lbs., down, good and choice 12 004115.50 Common and medium 8 50412.00 Heifers, 850 lbs. down, good and choice 12 00® 14.00 Common and medium 7 00® 12.00 Cows 8 254/ 9.50 Common and medium 6.254/ 8.25 Lower cutter and cutter 4.50® 6.25 Stocker and feeder steers, good and choice 9.004111.50 Common and medium 9.00® 11.00

—Veals— Receipts, 600; market, higher. Medium and choice $13.00015.50 Cull and common 7.00013.00 —SheepReceipts, 3.000. market, steady. Lambs. Rood and choice $12.50 '/13.00 Common and medium . 10 00/: 12.50 Ewes, medium to choice 8.500 5.50 CuU and common 1.504 3.50 Other Livestock Bu Timex Snerial LOUISVILLE. Ky., Nov. 5 Hogs Receipts. 700, market 25c lower; 175 to 250 Us. $9 35. 250 lbs. up. $8.75; 130-175 lbs.. 78.75; 130 lbs. down. $7.40; roughs, $7.40; sings, $6 80. Cattle—Receipts, 100; market steady; prime heavy steers. $11012.50: heavy shipping steers, $9011; medium and plain steers. $7 5048 50; fat heifers. S7O 10.50; Rood to choice cows. $6 5008: medium to Rood cows, $5.5006.50; cutters. S3O 5.50; earners. $4/./5; bulls, $5.504 8; feeders. sß'/10.50; Stockers. $74 10. Calves Receipts, 200; market steady; fancy calves, sl3; good to choice, $10012.50'; medium to good. $709; outs. $7 down. Sheep—Receipts, 100; market steady, ewes and wethers. $11.50: buck lambs, $10.50; seconds. $54 7; sheep. $405. Monday's shipments; Cattle. 710; calves. 353; hogs, 334; sheep. 156, By United Pres* EAST BUFFALO. Nov. s.—Hogs Receipts. 900: holdovers. 700; slow, packers Inactive. 25c to mostly Ssc under Monday's average; bulk. IEO-270 lbs.. $9 7549.60; 130-150 lbs quoted. $9.5009.75. Calves— Receipts. 200: vealers unchanged, good to choice. $16.50017; common and medium $10,50 4 14.50. Cattle—Receipts. 25; fat. but coarse. 1,440-lb. steers. $14.25; cows steady. Sheep Receipts. 300: lambs slow and steady; good to choice, $12,504: 13; throwouts. $10.254 10.50; fat ewes. $6.

Times Readers Voice Views

' Editor Times: May I make an announcement through your paper. It.'is important, and concerns ail the people of Indianapolis. Today this city will have a big funeral—a municipal funeral. We will bury the political remains of George V. Coffin. It will be a big event, and every one is invited. The chief pallbearer will be Reginald Sullivan. The funeral oration will be delivered by Chairman McKinney, and the praver will be offere ! by the Rev. Hildebrand. The funeral will be difff ant in many respects from ordinary interments. In fact, it will be a unique event. It will not be as melancholy an event as allairs of this kind are. ordinarily. There won't be many tears shed unless they are elephant tears. The labor unions. I am informed will turn but “en masse," and there may be a few goblins in evidence. The remains will lie in state all day. Every one is requested to come early, avoid the rush and not to shove. Also, thev are reminded tand this is important* omit flowers. The chief usher will be former Mayor Charles W. Jewett. I am informed that D. C. Stephenson will not be present, being unavoidably detained elsewhere. Ex-Governor Ed Jackson will embellish the occasion, though, by his presence. He will appear on horseback. The Statute of Limitation will be read by Walter Myers, and as the remains of the once powerful chief are being lowered into the earth, a select choir, composed exclusively of members of the Good Government league, will sing or intone the requiem: "Goodby, George, take keer of yourself.” THOMAS D. McGEE. Chairman Funeral Arrangements Committee.

Knew Her Mind Refusal of Mrs. Edward Baumgart. 2117 Singleton street, to vote at the poll of the Fifth precinct of the Thirteenth ward, when the voting machine key over the name of Julian Wetzel, Citizens’ school committee candidate, stuck, delayed voting for an hour. Mrs. Baumgart told committee officials that poll officials urged her to "go ahead and vote for somebody else.” She refused to do this and also refused to leave the poll until she had voted on anew machine rushed to the polling place by election commissioners.

Business —and— Finance

The fifty most active stocks traded in on the Chicago Stock Exchange during the week ended Oct. 31, had a market value of $3,300,467,820 at the close of business Thursday, as compared with 3,816,569,569 at the close of the previous week, according to a compilation by Lagfe & Cos. This represents a decrease of $516,101,749 or 15.63 per cent. Net Income of the Chicago Great Western railroad for 1929 Will show a substantial Improvement over 1928. V. V. Boatner, president, forecast today. Earnings for October. Boatner said, will be slightly below the same month last year, occasioned bv delay in the grain movement in anticipation of better prices, and a decrease In the fruit crop on the Pacific coast. Meadows Manufacturing company of Bloomington, 111., which won a 4ml,W suit against the Maytag company ot lowa on a charge of slander and libel, before Master In l banrery Edward Y. Allen of quincy, 111., today had won a further victory through denial of an appeal petition by tne l ruled /states CWurt *f Appeals In Chicago. Net earnings of the Houdaille-Hershey Corporation for the nine months ended Sept. 30. 1929. as reported today by Claire L. Barnes, president, were $2,877,935 after all charges Including federal taxes. This amount is at the rate of eight and one-half times the $2 50 annual cumulative dividend requirements on the 179 605 shares of class A stock outstanding as of Sept. 30, 1929. Nelsner Bros.. Inc., for October reports gross sales of $1,377,421 against $966,605 for the same month last year, an Increase of $410,816 or 42 5 per cent. For the ten months ended Oct. 31, 1929. sales totaled $10,847,231 against $7,162,162 last year, an Increase of $3,685,069 or 51.4 pei cent. Transamerlca Corporation la completing plans to Increase the number of its stockholders from ISA.UUO to 5W1,•mwi. according to an announcement madr public today. The movement was Inaugurated by A. I’, oiannml, president. in a letter from Han Francisco to stockholders under date of Sept. 21, 1929. The market value of 100 representative stock issues traded on the New York Stock Exchange depreciated $7,579,043,000 or 18.7 per cent in October, according to Frazier, Jelke <fc Cos. The 100 stocks wnich were appraised at $40,530,401,000 at the end of September were worth but $32.951.358.000 at the closing prices Oct. 31. The firm points out that the Oct. 31 prices were at least several billion dollars higher than those prevailing at the lows of Oct. 29. Net profit of Trlco Products Corporation for Ihe third quarter as announced In Buffalo today, brings the total profit for the first nine months of 1929 to 8i,1.i,94.92, more than the net tor the entire twelve months of 1928. Net profits for the first nine months show an increase of 22 per cent over the same period ot 1928. After deducting all amortization charges and provisions for federal Income taxes, the third quarter net profit carried to surplus Is *564,5.V7.72, bringing the total earnings for the nine months to $1,813,984.92. dividend requirements to Oct. 1, at the present rate, were $632,812.50.

Van Slicken Corporation, a subsidiary of Allied Motor Industries, Inc., announced this week the closing of a SIOO,000 contract with one of the oldest and best known makes of motor cars In the United States for a sufficient supply of Karvart for the de luxe trimming of the automobile company's line of closed cars to be exhibited for the first time at the Chicago and New York automobile shows for 1830. Karvart trim will be standard equipment on the company’s closed cars for next year. Net income of the Amerada Corporation and subsidiaries for the third quarter of 1929. af*-. all expenses, taxes, depreciation, and p' cion and drilling expenses, amount*,' to $2,259,184. equivalent to $2 45 a hare on the 922.075 shares of stock outstanding. This compares with net Income of $577,563 or 63 cents a share corned In the corresponding period of Lynch Glass Machine Company has Just received its third repeat order tor extensive automatic glass equipment trom two french liras, the t’aul Laurent Company of fit. Komain ana the Claude Boucher organisation ot Cognac, Franco. A quarterly dividend of 50 cents per common share has been declared bv the board of director* of Hydro-Electric Securities Corporation. Montreal, payable on Dec. 14 to holders of record on Nov. 14 havings made possible by large-scale operations and modern manufacturing efficiency Is emphasized In the announcement by A. Atwater Kent, the world's largest manufacturer of radio receiving equipment of a $27 reduction In thl price of Atwater Kent screen-grid radio sets Atweater Kent Is the third large radio manufacturer to announce price reduc<L onS rs^. llr w l ® week. Others are the Grigsby-Grunow Company, manufacturers of Majestic, and the Radio Corporation of America.

Science Tlie scientist is the miracle worker of modern times. Our civilization of today is built on the scientific work of an army of patient toilers in every field of human knowledge. No individual can afford not to know something of the main facts of scientific progress and discovery as they affect our everyday life. Our Washington bureau has e. packet of eight of its interesting, authoritative and easily read bulletins on popular scientific subjects that you will want. The titles are as follows: 1. Popular Astronomy 5. Psychoanalysis Simplified 2. Evolution 6. Seven Modem Wonders 3. Fact and Fancy 7. Weather and Climate 4. Puzzling Scientific Facts 8. Wonders of Nature. If you want this packet fill out the coupon below' and mail as directed: CLIP COUPON HERE SCIENCE EDITOR, Washington Bureau. The Indianapolis Times. 1322 New York Ave., Washington. D. C. I want the packet of eight science bulletins end enclose herewith 25 cents in coin, or loose, uncanceled U. S. postage stamps to cover postage and handling costs: NAME ST. & NO CITY STATE I am a reader of The Indianapolis Times (Code No.)

DROPS MADE BY TIN Wall Street May Be Forced to Unload Stocks. Bv l Kited Press LONDON. Nov. s.—Unrelieved depression reigned on the stock exchange today due principally to disappointment in the action of the New York stock market Monday, which raised the fear in some quarters that Wall Street may be forced to unload stocks here. Other bearish factors included readjustment of values due to attractive terms of the new 5 per cent conversion loan, liquidation by provincial centers, further heavy falls in tin and rubber, and weakness in Paris and Amsterdam which was evident in offerings of Royal Dutch and Margarine Union issues. The st.net market was practically deserted due to the holiday on Wall Street and business was restricted to leading mining stocks. Drunken Driving Alleged GREEN CASTLE, Ind., Nov. 5. James Ale. 26. Indianapolis auto salesman, and former Wabash college baseball player, caused a near riot after his automobile collided with a car driven by James Bennet, Belle Union. Ale resisted arrest by Deputy Alva Bryan until calmed by companions, and was released on bond, pending trial on a charge of drunken driving.

GENERAL NEWS REPORTS QUIET STOCKMARKET Brokers Believe Good Buying in Small Lots Are by Newcomers. BY ELMER C. WALZER Press Financial Editor NEW YORK, Nov. s.—Wall Street rested today while New York citizens cast their ballots in a municipal election. Wednesday the market will open at the usual time, but closing has been changed to 1 p. m. irking a three-hour session. The same procedure holds true for Thursday and Friday. The week ending with a holiday all day Saturday. Looking back on the market Monday, observers were of the opinion that the list behaved according to normal procedure. The activity was reduced and selling was growing less persistent. Incidentally, it was learned today that a considerable amount of necessitous liquidation had been cleaned up and that remaining margin accounts will be bolstered to withstand a severe selling, should another develop. Bear Interest Built Up At the same time this forced selling out of poorly margined accounts was in progress a bear interest was being built up. This was considered a favorable factor, in that it would make for a rapid rise, once anew advance started. The general prediction still is for a quieter market, with fluctuations in a narrow range. However, there are many who look forward to a renewed period of buying. This is stated in the letter of Anderson & Fox as follows: “There may be a period of leveling off from here, affording a fresh opportunity for the discriminating buyer. In the course of time, the low levels of last week, as well as those recorded today, may look ridiculously low.” Brokers Report Good Buying Brokers reported good buying in small lots from a long list of newcomers in the market. These persons had seen the success of the many who played the recent bull move and they thought present prices were bargains. Incidentally, investment trusts also were said to be taking further large blocks of stocks on recessions. This sort of buying made itself felt Monday after a lower opening and prices rallied sharply when the buying order were uncovered. The industrial average now stands at 257.98. This compares with 273.5, the figure reached on the recovery last Thursday, and with 230.07, the low of the year, touched on Tuesday. The figure now’ is back to where it was last Wednesday, Monday’s break having wiped out all of Thursday’s recovery.

Banks and Exchange

CHICAGO STATEMENT By United Press CHICAGO, Nov. s.—Bank clearings, $141,300,000; balances. $15,100,000. TREASURY STATEMENT /f WASHINGTON. Nov. s.—Treasury net balance on Nov. 2. was $199.-81.306.51; customs receipts for the month to the samdate totalled $4,321,928.18.

Other Livestock Bv Vnitrd Press CLEVELAND. Nov. 3.—Hogs— Receipts. 3.200: holdovers. 177: steady to 5c lower; 170-250 lbs.. $9.60 down; 160 lbs. down. $9.25: sows. $8; stags. $6.25. Calves—Receipts. 450: market steady, fairly active on good and choice vealers at $16% 16.50; medium slow at sl2Cfi 14.50: cull and common, SSftill. Sheep—Receipts, 1,600; firm, desirable lambs. *l3O 13.50: heavies, $11.50: medium throwouts. $10011; fat ewes. $5 06. Bi/ Puffed Press pr. WAYNE. Ind.. Nov. s.—Calves—Receipt. 75: hogs. 500: sheep. 300; hogs, market. 1030 c off 90-110 lbs., $8.25: 110140 lbs.. $8.50; 140-160 lbs. $9: 160-200 lbs . $9.20; 200-225 lbs.. $9 30: 225-250 lbs.. *9.30 : 250-300 lbs.. $9.20: 300-35 lbs.. $9.10; roughs. *7.75: stags. *6; calves. $15.50; lambs. *l2. KENTUCKIANS AT POLLS Both Parties Claim Victory in Ballot Today. By T'nitrd Press FRANKFORT. Ky.. Nov. s—The smoke from months of political warfare began clearing today as Kentucky voters went to the polls to elect state legislators and municipal and county officials. Early indications were that the election would be quiet, but spirited. Fair skies enchanced prospects of a large vote, althought mountain roads were in poor condition and were excreted to cut down the hill populations vote. Both major parties were claiming I state-wide victories as first ballots were cast.

THE INDIANAPOLIS TIMES

The City in Brief

WEDNESDAY EVENTS Kiwani* Club, luncheon. Claypoct. Junior Chamber es Commerce, luncheon. Chamber of Commerce. Lion* Club, luncheon. IJncoln. Purdue Alumni Association, luncheon, Severin. Illlnl Club, luncheon. Board of Trade. Solo Club, luncheon. Columbia Club. World Trade Club, luncheon, Columbia Club. Sahara Grotto officers were guests of honor at a dinner in the Severin Monday night. Walter Beauchamp, chairman of entertainment, presided, and Lew’is W r ililams. monarch. and Carl Schey, master of ceremonies, spoke. i Judge Clarence R. Martin of the state supreme court -vill speak Wednesday night at the November meeting of the Indianapolis Bar Association at the Columbia Club. Nominating and house committees also will report on selection of 1930 candidates and a club home. Peace day will be observed in Indianapolis protestant churches Sunday. Plans for the day were outlined Monday by the Rev. William F. Rothenburger, pastor of the Third Christian church, at a meetFOOD EXPERTS zGIVENAWARDS Nobel Prize Gses to Two Students of Vitamins. By Science Service WASHINGTON, Nov. 5. Two men who gave to the world the earliest knowledge of the all-im-portant vitamins, Professor Christian Eijkman of the University of Utrecht in Holland, and Sir Frederick Gowland Hopkins, professor of biochemistry at the University of Cambridge, England, have been awarded the 1929 Nobel prize in medicine. Professor Eijkman was the first man to produce experimentally a disease of dietary origin. In 1883, when director of the hygienic laboratory at Batavia, Dutch East Indies, he succeeded in producing polyneuritis in fowl by feeding them a diet, consisting exclusively of completely polished rice. He previously had noted that this disease resembled closely the disease beriberi occurring in human beings. In both the human and fowl disease, the nerves show the same degeneration, and the symptoms are very similiar. In 1921 Professor Eijkman was made a foreign associate member of the National Academy of Sciences here. Professor Hopkins, in 1906, first demonstrated that an accessory food substance besides proteins, fats and carbohydrates was necessary for growth, reproduction and maintenance of life in animals. Since then he has done considerable research on the nature of these accessory substances, which we know by the name of vitamins. Professor Hopkins has been called discoverer of the vitamins.

Dividends Are Declared

Board of directors of the West Ohio Gas Company has declared the regular quarterly dividend of l"i per cent on the outstanding 7 per cent class A preferred stock of the company, payable Dec. 2, 1929, to stockholders of record Nov. 15 1929. Board of directors of the Indiana Service Corporation has declared the regular quarterly dividend of 1% per cent and lVi per cent respectively on outstanding 7 per cent and 6 per cent preferred stocks of the company, payable Dec. 2. 1929. to stockholders of record Nov. 15, 1929. Board of directors of the Chicago, South Shore & South Bend Railroad has declared a quarterly dividend of 1% per cent on outstanding 6h per cent class A cumulative preferred stock of the company, payable Dec. 2, 1929, to stockholders of record. Nov. 15, 1929. Board of directors of the Gary Railways Company has declared regular quarterly dividend of SI.BO a share on outstanding class A preferred stock of the company. ‘ payable Dec. 2. 1929 U> stockholders of record, Nov. 29, 1929. That general business in the United States will not be retarded and that, many industries, particularly building, will be benefited definitely by the drastic scaling down of stock market values, is the opinion of more than 150 leaders in a widely diversified list of industries. Their statements were made in response to telegraphic inquiries from National Trade Journals, Inc., publishers of the Architectural Forum, Building Age, National Catalog, Heating & Ventilating, Good Furniture and Decoration. Building Material Marketing and ten other business journals. The majority of the replies direct attention to the enormous sums released for general business uses by the forced and virtually universal liquidation of stocks. Loadings of revenue freight for the week ended Oct. 19, totaled 1,185,510 cars, the car service division of the American Railway Association reports, an increase of 6.502 cars above the preceding week. Compared with the corresponding week last year, the total for the week of Oct. 19 was an increase of 22,375 cars and an increase of 56.455 cars over the corresponding week in 1927. Marriage Licenses Ralph Hardy, 30 of 1528 Kappes, decorator. and Elizabeth M. Wllkerson, 24, of 1524 Vi West New York. Charles Gammans. 22. of 1102 Wright, chauffeur, and Hay M. Grooter, 19, of 1068 Hosbrook, cashier. Arnold A. Kapp 28. of 2341 Brookside, machinist, and Glendora Curtis. 23, of 2509 East Sixteenth. Virgil J. Mount. 37. of 218 North Belle Vieu. contractor, and Freda I. Bucklev, 31, of 44 South Chester. George A. Rubush, 37. of 412 East Michigan policeman. Mamie E. Drisklll, 33, of 1028 South Alabama, clerk. Hope S. Black. 21. of Jefferson hotel, dancer, and Henrietta Lyder. 19, of Jefferson hotel, dancer. Building Permits E. Schilling, repair. 1118 South Meridian SSOO. A. Kretzmeir, garage, 2325 Kenwood. $242. W. A. Quillin, dwelling, 5732 Guilford. $7,500. J. Edwards .garage, 2153 North Harding $225. R. B. Isaacs, garage, 618 North Chester, S2OO. Plaza garage, ramp, 40 West Vermont, $4,000. NEW YORK COFFEE RANGE —Nov. 4 High. Low Close. January 8.82 8.30 8.82 March .9 00 8.80 8.80 May 8.86 8.68 8.70 July 8.88 8.88 8.88 September 8.85 8.51 8.51 December 9.15 9.00 9.00

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

ing of the Indianapolis Ministerial | Assocation at the Roberts Park M. E. church. I)r. Fredericwk VV. Burnham. president of the United Christian Missionary Society, will address the | Kiwanis Club at its weekly luncheon in the Clay pool Wednesday. USE o 7 SCIENCE 3Y CHURCHES IN CITIESISURGEB Dr. Lyman P. Powell Says Great Mission Field Is Overlooked. By l ime* Svrvial NEW Y~“", Nov. s.—American churches, which yearly send small armies of missionaries across the world into Africa and Asia, stand most desperately in need of missionary work in the field wiiich should receive their most concentrated attention, the heart of the great American city. This is the view expressed by Dr. Lyman P. Powell, distinguished educator and lecturer, who several years ago undertook the ministry of St. Margaret’s Episcopal church in the most rapidly growing section of New York city, the Borough of the Bronx. “Os the million persons in the Bronx, only 170,090 even nominally are attached to any fold.” Dr. Powell writes in the current issue of The Review of Reviews. “And with less than 20 per cent of the Bronxites religiously affiliated, the one-quar-ter of these habitually attending services bring the total of the dependably religious down to perhaps 4 per cent, and indisputably makes the Bronx as definitely a missionary field as India’s coral strand or Africa’s sunny fountains.” Church Must Be Center What churches must do if they are to hold their ground and progress in the polyglot and materialistic city of todaj 7 , Dr. Powell believes, is to devote less time to abstruse theology and differences of dogma, and to give more attention to making the church an active social agency, a center of neighborhood life and a welcoming friend for newcomers who are puzzled where to turn for help with their everyday problems. In such regions as the Bronx, to be found in every great American city, the population is made up largely of newcomers from the errantry, the small town and foreign land, he points out. These find it difficult to adjust themselves to neighborless life in small apartments. There perhaps are families representing a dozen different races in a single block, living among the natural racial and antipathies which delay social cohesion. The consequence, unless the church steps in as a guiding influence, is an individualistic, bohemian existence which results in the disintegration of family, as well as social, life. Ministers Must Get Busy “If ministers would stop arguing a’" miracles and get busy doing what they can with the aid medicine and psychology now lend to religion,” says Dr. Powell’s Review of Reviews article, “the world would accept more quickly Edna St. Vincent Millay’s stout saying: ‘The Church of God is not a candle. Blow on.’ ” Ministers and their church workers, he continues, must discard the old ideas of positive and inherent good and evil and supplement their efforts with scientific knowledge. “The queer one is in many a home,” he says. “To call her devilish is to betray ignorance. Mental inheritances and moral tendencies can be tracked to their lair. gDental lesions, eye strain, intestinal infections and other irregularities may explain much. Whatever the cause of the queerness it must be treated with intelligence and patience. Scolding, berating and ostracism are as antiquated as the ball and chain.”

Produce Markets

Eggs—Country run. loss off delivered in Indianapolis, 38c; hennery quality, 50c; No. 1,40 c; No. 2. 30c. Poultry (buying prices)—Hens, weighing 4Va lbs. or over. 2157 22c: under 4‘,a lbs. 20c: Leghorn hens, 18c; roasting chickeus, 4*/a lbs. or over. 22c; springers under 4 Vs lbs.. 20c: springers over 4Vi lbs.. 20®21c; Leghorn springers. 15@16c; old cocks. 127/.14C. Young turkey hens (must be fat) 30c: young toms. 28c; old hens. 24c; old toms. 20c. Ducks (full featheredi 12c. Geese (full feathered) 10c. Guinears. 30c. These prices are for No. 7 top quality Indianapolis 38c; hennery quality. 48c; poultry, auoted by Kingan <Sc Cos. Butter (wholesale)—No. 1, 44®45c; No. 2. 42(5 43c. Butterfat—44c. Cheese (wholesale selling price per poundi—American loaf, 35c: pimento loaf. 37c; Wisconsin firsts. 27c: Longhorn. 27c: New York limberger. 30c. Bu I'nited Press CHICAGO. Nov. s.—Eggs—Market, firm; receipts. 3,036 cases; extra firsts. 487/500; firsts, 45@46c: ordinaries 37®39c; seconds, 28® 35c. Blitter —Market, firm; receipts, 10,683 tubs; extras, 42*/2C; extra firsts 40Vi 77 41c; firsts, 37V4@39c; seconds. 36fn36 u 2 c; standards. 416 c. Poultry—Market, firm; receipts. 3 cars; fowls 24'ic; springers, 23c; Leghorns, 19c; ducks, 1977:21c; geese, 20c; turkeys, 35c; roosters, 19c. Cheese— Twins. 22 l i <&22 3 4c; Young Americas, 24’•••c. Potatoes—On track. 481; arrivals, 126; shipments, 577; market fairly steady, trading slow; Wisconsin sacked Round Whites, [email protected]; Minesota. North and South Dakota sacked Round Whites, $2772.30; Minnesota, north and South Dakota Eariy Ohios. [email protected]; Idaho sacked Russels, $2.70 @3. Bv United Press > C3LEVESLAND Nov. s.—Butter—Extras, 46c: extra firsts. 44@45c; seconds, 367/ 36M/C. Eggs—Extras, 54c; firsts. 44c. Poultry—Fowls. 27@28c; broilers. 23-5 250; Leghorn. 15@20c; Leghorn brollerc. 187/ 20c: ducks. 20® 24c; old cocks. 18® 20c. Potatoes—New York. $4,107/ 4.25 per 150 lb. sack: Maine Green Mt.. $4.35®4.40: per 150-lb. sack: Idaho Russet. $3.50'7 3.65 a 100-lb. sack; home grown. $1,507/ 1.60 a bushel sack.

AUTO MAGNATES SEE NO DANGER OF SATURATION * Discount Overproduction Warning of Willys Company Head. B" Tinny .mini NEW YORK. Nov. 5. The recently published warning by L. A. Miller, president of the WillysOverland Company, that the motor car industry is “faced with a serious problem of overproduction” is discounted by Alfred P. Sloan Jr., president of General Motors; A. R. Erskine. president of the Studebaker Corporation, and Alvan Macauley, president of the Packard Motor Car Compeny, in statements published in the current issue of Sales Management magazine. The magazine accompanies the statements with figures showing that production for the first nine months of 1929 totaled 4,860,720 cars, making an increase of 32 per cent over the same period of 1928, and approximately the entire production of that record-making year. Nothing Permanent The three executives, while admitting tacitly the probability of temporarily curtailed production, fail to see anything in the present situation which will affect the stability or impede the continued progress of their industry. Sloan estimates the 1929 production of all American factories at approximately 5,000,000 cars and looks forward to a time when there will be a “regular yearly production of 5,500,000,” a total not yet approached. Macauley believes that while “as usual, some motor car manufacturers have overproduced, many, and perhaps most of them, have not. The situation in any event is not serious as manufacturers have their purchasing of materials and manufacturing programs in excellent control. The industry has not more nearly approached a temporary saturation point than it has a dozen times in the last ten years.” Regulated by Sales "Production schedules are regulated by sales,” says Erskine, who also does rfind the situation as "sc as Miller believes. "Competent management will apply the brakes quickly to prevent overproduction. Stocks in hand of the Studebaker Corporation and its

for YOUR lIS VESTMENT ★ DESCRIPTION RATE j MATURITY PRICE YIELD Indiana Municipal Bonds 4-5' 1931-34 ' 4 *° £ ; 14-60% Territorial Bonds Territory of Hawaii Bonds 414 1941 $ 99.10 4-35 Philippine Government Bonds 4}/ 2 j 1952 101.40,4.4 c Porto Rico Public Improvement Bonds . ... 4 X A \ 1960 101.75 4.41 Joint Stock Land Bank Bonds First Trust Joint Stock Land Bank of Chicago 4X 1956/36 94 . 4.65 Fletcher Joint Stock Land Bank of Indianapolis 4 y> 1953/33 96.50 ! 4.75 First Trust Joint Stock Land Bank of Dallas. 5 1953/33 99.50 5-03 Preferred and Common Stocks Hook Drug Company Preference‘‘A' 8 50.00 4.00 Severin Realty Company Pref 6 1944 99.00 1 6.10 Indianapolis Power & Light Pref (>A 101.00 ' 6.43 Moynahan Properties Company Pref Progress Laundry Company Common 50.00 8.00 All securities listed above are tax exempt jor Indiana investors Real Estate Certificates Fletcher American Company Certificates... 51930-34 ' CQ Corporation Bonds and Notes Indianapolis Water Cos. First Mtge. Bonds 1953 102.75 5-30 Indianapolis Power & Light First Mtge. Bonds 5 1954 95 50 5-35 Indpls., Columbus & Southern First Mtge. Bonds 6 1948 99-00 6.05 Northern Indiana Telephone Cos. Collateral Trust Notes 6 1931 99.00 6.70 Foreign Bonds Kingdom of Denmark External Loan 4A 1962 89.50 5-15 Mortgage Bank of Chile 6 1962 88.50 6.85 City of Hanover, Germany 7 1939 98.00 7.30 We shall be glad to mail descriptive circulars on any of the above issues it letcher American Company .Affiliated uith THE FLETCHER AMERICAN NATIONAL BANK Southeast Corner Market and Pennsylvania Street

On Commission Row

FRUITS Amiles—Delicious. box extra fancy. $3.75: fanev. $3.15. choice #2./2.25; wealthy. $2.25; Malden Blush. $24 2.25: Jonathans. $2.75: Grimes Golden $2 75: extra fancy box. Grimes. S3 New York Duchess. $2.25 412.50: Orevensteln. $3: Wolf River, $2.50. Cranberries—s3.so a 25-!b. box: $7 a 50lb. box Grapefruit- Florida. SSO 5.25. Grapes— California, seedless. $2.25 a crate: Tokavs. $1.75. Lemons—California, a crate. sl4. Limes—Jamacia [email protected]. Oraees—California Valencia 83.7558 Peaches —New ork. $4 a bushel: California bot. $2.25. Plums —$2.75 Idaho. 16-lb. case. 1. VEGETABLES. Beans—Green, stringless. $2 50. Beets—Home-Brown doz 40c. Carrots—Home-Brown, do?.. 35c: Colorado crate. 53.25. Cabbaee 33.50 a barrel Celerv— Michigan 90c: Idaho. $1.25 a dozen bunches. Cauliflower—Colorado crate $1.75. Corn—Home-erown. 25ff30c a do.’fn Cucumbers—Hothouse, a dozen. $1.75. Eggplant—sl.so4l2 a dozen' $23:2.25 a boranfr. Kale—Soring. a bushel. sl. Lettuce —California Iceberß. $405 a crate: home-grown leaf a bushel. sl. Mustard—A bushel. sl. Onions—lndiana vellow $2.25 a 100-lb bag: white. 50-lb. bae. $1.75. Parslev—Home-Brown, doz. bunches. 45c Peas—Colorado $606.25 a hamper. Peepers—Home-grown $1.50 a bushel. Potatoes -Wisconsin and Minnesota white. $4.2504.50 a 160-lb. bag: Red River OHos. !?0 lbs. 53.75: Id-ho Russe’s S’ 7 75 Re dishes —Button, hot house dozen 90c Southern Inn" red. 15025 c dozen Sweet potatoes-Virginia Jersevs $4 a barrel: $2 o bushel- Indiana Jersevs $2.25 a bushel- Nancv Halls. $2 a hamoer. Tomatoes—Home-erown a bush'’s. s2® 3 50- 15-ih bosket sttr dealers were 18 per cent less than last year.” R. H. Scott, president of the Reo Company, is in agreement with the opinion that the industry is suffer - | ing from overproduction and will be \ faced with the necessity for pricecutting in order to rid itself of surplus stock. “Any sane analysis will prove I that there is a world market for approximately 4.000,000 Americanmade passenger automobiles annually,” his Sales Management statement says. “This number doubti less will continue to grow, but at present it is both murder and suicide for the industry to build and try to sell 5,000,000 cars.”

MOVIE BUSINESS BOOMS Paramount Famous Lasky Profits Go to High Point. Bii 1 n ileii Bn UK NEW YORK, Nov. s.—Paramount Famous Lasky corporation October net profits are estimated at 68 per cent over the profits in the corresponding month of last year, Ralph A Kohn, treasurer of the company, anno: -ced today. “The film bu,' less of the company at present.” said Kohn, “is running at a record-breaking pace, and is far ahead of the corresponding period of last year. The film bookings of the company for November and December indicate at this time thpt both these months will be far ahead of the corresponding months of 1928.”

PAGE 13

LIVERPOOL IS CHIEF FACTOR IN GRAINPRICES Corn and Oats Lower as Result of Action in Wheat. Rv Unit'd Press CHICAGO. Nov. s.—Wheat prices were down again on the Board of Trade today. Absence of any favorable new’s and the unexpectedly low prices at Liverpool were the chief factors. Liverpool was down about 2 cents just before the Chicago market opened. Continued liquidation by longs added to the depression. Corn and oats were both lower as a result of the action in wheat. At the opening wheat was off % to 2 l s cents, corn was down '* to % cents and oats was ’n to •% cent lower. Provisions opened very weakly. The action of wheat has not been to the liking of the eastern houses and several have been letting go of the large supplies bought last week. Liverpool and Buenos Aires opened lower this morning, Liverpool U ing especially low during the early morning. The news is considered bearish, though dry weather was reported in Ind'a and the Argentine farmers are asking for financial support from the government. Storage room isr.t a premium, and with the movement of the new corn crop expected very shortly, this lies a depressing influence on he corn market. The offerings have been small so far, the farmers holding for a better price, but with the fair weather over the belt larger receipts can be expected. There was some selling of dc ferred stocks of oat o . Monday, and with support rather poor, it declined w’ith the other grains.

Local Wagon Wheat

City gr.iin elevators are paying $1.13 for No. 2 red wheat and $1.13 for No. 3 hard wheat. I Buy and Sell Indpls. Street Ry. STOCK—BONDS NEWTON TODD 415 Lemcke Bldg.