Indianapolis Times, Volume 41, Number 154, Indianapolis, Marion County, 7 November 1929 — Page 17

[NOV. 7, 1929.

PORK MARKET HOLDS STEADY AT CITYYARDS Cattle Unchanged; Lambs Weak and Stationary at sl2 to sl3. Oct. Bulk Top. Receipts 31. .*# *#.so 7.000 Nov. 1. 9 45 9 00 7.000 2 9 00 # 60 3 500 4 9.73 9 75 6.000 5. 1 45 9.50 8.000 6. 9 45 9 50 8.000 7. 9.25 6.25 8.000 Hog market unchanged today at the Union stockyards. The bulk. 160 to 325 pounds, sold at $9.25, a few good and choice butchers sold at $9 30 to $9 35. Receipts were estimated at 5.000; holdovers 461. Cattle were scarce and steady, selling at Wednesday’s price. Vealers were stationary at $15.50 down. Sheep and lambs were weak to unchanged, at sl2 to sl3 down, a few natives sold at $11.50 to $12.50. Chicago hog receipts were 35,000, Including 6,000 direct*; holdovers fi.OOO. Market slow, practically no early sales, few bids 10 to 15 cent* lower than Wednesday's average: 230 to 250 pound weights, sold at *9.10; 200 to 210 pounders, sold at $9. Cattle receipts. 9,000; sheep, 11,000. a— Hogs— Ficetpfs. 5.000: market, steady. 700 lbs. and up * 9.00® 9.35 250-300 lbs 9.60% 8 65 225-350 lbs 9.25® 9.30 700-225 lbs 9 25 130-160 lbs B.oo® 8.50 90-130 lbs B.oo® 8.50 racking sows 7.501i 8.50 -CattleReceipts, 600: market, steady. Bef steers, 1100-1500 lbs , good and choice t13.00fi15.35 Common and medium 9 00'a12.00 Beef steers, 1100 lbs., down. Rood and choice 12 00®15.50 Common and medium 8.50® 12.00 Heifers. 850 lbs. down, good and choice 12.00® 14 00 common and medium 7.00® 12.00 Cows 8.256 9 50 Common and medium 6 25® 8.25 Tower cutter and cutter 4.50® 6 25 Stocker and feeder steers, good and choice 9 00® 1150 Common and medium 9.00® 11.00 —Veals— Receipts 500: market, steady. Medium and choice [email protected] Cull and common 7.00u13.00 —Sbeep— Receipts. 2.500: r.arket. steady. Lambs, good and choice *l2 509/13.00 Common and medium in.ooif 12.50 Fves, medium to choice 8.50®, 5.50 Cull and common 1.50® 3.50 Other Livestock Bu United Press PITTSBURGH. Nov. 7.—Hogs—Receipts, 3.500; market, steady- 100-230 lbs.. $9.6011 9 65: 240-370 lbs. $9 2569.60: 100-130 lbs.. *9 H 9.35: sows. 5868 60. Cattle—None, calves—Receipts. 100: market, steady: desirables. sl4® 16.50. Sheep-Receipts, 1 200: market, steady; bulk fat and handy v eight, lambs. $12613.50: heavy lambs. *ll Hi 12: aged wethers. *667.25. Bu I nited Press TOLEDO. Nov. 7.—Hogs—Receipts 450: market. 106 ISr lower; heavies. 5R.751i9: medium. s9''/ 9.15; porkers. $R.25®8.50; pigs. *B6 8.50. Cattle-Receipts. 150; market, slow. Calves—Receipts, light; market, slow. Sheep and lambs—Receipts, light; market, steady. Bu United Press EAST BUFFALO. N. Y., Nov. 7—Hogs— Receipts. 1.500; holdovers, 350: slow-, 15® 25c under Wednesday's average: bulk, 170240 lbs., $9.65: 2SO lbs., *9.50; 140-160 lbs., *9 2517 9.50. Cattle—Receipts. 175; steady; medium steers, $11.80; cutter cows, *4.25 o 6 75. Calves—Receipts, 100; vealers, unchanged. sl7 down. Sheep—Receipts. 900; lambs slow, steady to weak, good to choice. $13,251; 14; medium and strong weights, *11.504113: throwouta, $10.50® 11; fat ewes. $5.5041 6.50. Bu United Pres* CLEVELAND. Nov. 7.—Hogs—Receipts. 3.000; holdovers, none; weak: 150 lbs. down, steady to 15c lower; $9.10t?9.25; others steady; 170-250 lbs.. $9 50, sows, $8; stags. *6 J 5. Cattle—Receipts, 400; fully sieady; common steers. $9 25® 10; fat cows, *6 50®8; cutter grades. *4.506®.25. Calves Receipts. 400; steady with Wednesday: 50c to *1 over Monday; better grades. $16.501117; few. $17.50; medium, $12.5047 15: little selling under $lO. Sheep—Receipts. 3.500; lambs strong: spot 25c higher; bulk. *131713.50; top. *13.75heavies. $11.501712; medium throw-out, *lO Ci 11; fat ewes steady. ss*l6. Bu Times Special lOUISVILLE. Ky.. Nov. 7.—Hogs—Receipts, 900; market, steady; 175-250 lbs., *9 20: 250 lbs. up. *8.60; 130-175 lbs., S*B 60; 130 lbs. down. *7.25; roughs. *7.25; stags. *6.65 Cattle—Receipts. 300: market steady, prime heavy steers, $111712.50: heavy shipping steers. *9® 11: medium and plain steers. *7.50478.50; fat heifers. *747 10.50; good to choice cows. *6.50 08: medlutn to good cows. *5.5006.50: cutters. *5 s- 5.50: canners. s4lr:s; bulls, *5.50® 8; feeders *8&10.50: Stockers, s7® 10. Calves Receipts. 200; market. steady: fancy calves, *l3; good to choice. *104713.50: medium to good. *7® 9; outs. *7 down. Sheep —Receipts. 100; market, steady: ewes and wethers, *11.50; buck lambs, *10.50; seconds. s4®7: sheep s4®s. Wednesday's shipments; Cattle. 178; calves, 142; hogs, 350; sheep, none. Bu Unite® Press FT. WAYNE, Ind.. Nov. 7.—Calves—Reecitps. 50: hogs. 300; sheep, 150; hogs, market steady to 15c off; 90-110 lbs., *8; 110-140 lbs.. $8.25; 140-160 lbs.. *8.65; 160200 lbs.. *8 80; 200-225 lbs.. $8.90: 225-250 lbs.. *9 . 250-300 lbs . $8 90; 300-350 lbs., *8 80; roughs. $7.50; stags, *6; calves, *15.50; lambs. *l2.

Local Wagon Wheat

Cltv grain elevators are paving $1.09 for No 3 red wheat and $1.06 for No. 3 hard wheat. Births Boy* Richard and Carrie Collin*. 1438 Prospect. Edgar and Anna Trice. 415 Darnell. William and Carrie Collins. 3606 West Sixteenth. Andrew and Marie Mlllner, 467 West Sixteenth. Mliton and Elisabeth Hughes. 4103 Hoyt. Ira and Lucile Allison. HlB Hall Place. Clarence and Lucille Robinette. 1618 West Vermont. George and Ada Russell. 3518 North Sherman Drive. Harrv and Nora Brooks. 3447 Oxford. Alfred and Harel Daupert. 1844 Sugar Grove. Ralph and Delilah DeaKyr.e. 1048 West Thirtv-flfth. Claud and Lone Nobble. St. Vincent's hospital. Burt and Marv McAdams. 550 Arbor. Joseph and Elizabeth Bryant. 6" South Gray. Cdrls Edward and Idella Raftery, 1313 Calhoun. Chestc* and Elsie Huff. 3181 North Temple. Leslie and Dessle Morgan. 1033 Werth Eighteenth. James and Lilly Underwood. 961 West Washington. Alva and Ethel Eakle. 536 South Drover. Luther and Martha Charles. 1566 Blaine. Alton and Thelma Stone. 1354 Olive. William and Margaret Beard. 301 South Hancock. Rov and Violet Jarman. 937 Church, william and Margaret Vo timer, St. Vincent's hospital. $ Harold and Sophie Goldberg. St. Vincent's hospital. . John and Malmie Rohrtg, 3913 East Washington. Deaths Mary Brookins. 53. 735 Ogden, acute myocarditis. Emma Conway. 68. 415 East phio, chronic myocarditis. George Lewis Hacker, 34 day*, city hospital. acute myocarditis. Sadie Bell Carnev. 23. 313 West Twelfth, acute cardiac dilatation. Ramona Charlene Sneathen. 1. Riley hospital, broncho pneumonia. Mamie B Johnson. 35. 837 Sumner, carcinoma. Bernard J Donoghue. 38. city hospital, lobar pneumonia. Daniel Sullivan. 57, 806 Coffey, broncho pneumonia. Lizzie Day. 71. city hospital, myoMrdltls. Audrey Haddq*, adzys. 1529 Hamilton, pram a lure birjjg M

New York Stocks ■ tßy Thomson A McKinnon) '

—Nov. 7 _ Prev. Railroads— High. Low. 12 00. close. Atchison 217 310 V* 217 217 A'! Coast Line,..174 173 173 l‘*% Balt ic Ohio ...115 113% 115 11 Canadian Pac .197 196 196 198 Chesa A Ohio. 185 185 185 195 Chesa Cbrp Baldwin 22', 22% 32% 22 Chi A N west.. 80' 79'; 80’* 81 Cht Grt West.. 9' B s * 9Vi 9% C R I A P 113 1 a 113 113 115 Del A Hudson . 160 159 160 160 Del A Lacka 140 140 140 140% Erie 48 45 48 49% Erie Ist pfd 59 58 59 60 Grt Nor 95’4 94\ 94% 99 Gulf Mob A 011 21 21 21 26 Til Central 128 126>i 128 328 Kan Citv South 65 65 65 75 Lou A Nash... 125 125 325 126 Minn s L . I s * MK A T 32 30 31 ‘/a 32 Mo Pac pfd .... ]25 N Y Ceutral . .175 174% 1/5 1<9% N Y C A 8t L .130 130 130 145 NY NH A H. .. 98 95 Vi 97 100 Nor Pacific .... 85% 85’* 35'i B"Vi Norfo’k A West 215’* 210 215 222 OA W 12 s . 12% 13 Vs 13% Pennsylvania .. 83% 81% 82'/a 85 P A W Va 107 Reading 119 116% 116% 121 Southern Rv ..131'* 131 Va 131 Vi 130'i Southern Pac ...118 116 117 120 S’ Paul 20% 18% 20Vi 22% St Paul pfd 33% 32’ * 32’. 35S St L A S W 71 % 68 68 72% St L A S F ...111** 110'i llOVa 112% Texas A Par ...MS 115 115 120 Union Pacific ..212 200’ 212 215*4 West Maryland.. 16% 15'* 16 18% Wert Pac 23 Rubbers— Ajax 27 i Fisk 4‘i 4'a 4>4 4’* Goodrich 51** 50’ 2 50 s * 55 Goodyear 67 65 67 73 Vi Kelly-Spgfld BVi 5 sy* 5% Lee 7 7 7 7Vi United States.. 26’a 25 26Vi 26Vi Equipments— Am Car A Fdy 80'i 80V. 80% 85 Am Locomotive 100 98 s * 99’* 100 Am Steel Fd.... 42% 41 42 44 Am AU Brake 8h 45’* 45% 45% 47 Man E'-C Sup . 17% 17% 17'3 21'a Genera: Elec .206 395% 206 206 Gen R- Signal.. 80% 79 79 82 Gen Am Tank.. 87 s * 85*4 87 s * 89V* N Y A rbrske 37% 36'4 36'/* 39% FTessed Stl Car.. .. 8% Pul,man .... 79 78 % 78 '/a 80’* Westingh Air B . 40% 40’* 40V* 41 Westingh Elec ..129% 119'* 127 128 Steel*— Am Roll Mills.. 78% 76'* 78'/a 82 Bethlehem 85 83 87 Vi 36 Colorado Fuel.. 32 32 32 36 Crucible ... ... 86 Gulf States Steel.. .. 53 Inland Steel ... 87 OtlS 34',i 33', 34 35 Rep Iron A Stl.. 74 70', 74 75 Luaium ... ... 39'* U S steel 176 161% 175 169 Alloy 37'j 37Vi 37*4335,7 5 , Warren Fdy ... 19% 19 19% 19V, Youngstwn Stl .111 Vi 111',4 111',3 119'* Vanadium Corp. 53 50Va 53 55% Motors— Am Bosch Mag,. 32’i 31% 31 s * 34% Briggs 12V* 11'.4 12% 13 Brockwav Mot.. .. ... ... 18 1 a Chrysler Corp.. 31’% 29’* 30% 33 Eaton Axle 31% 30V, 30Vi 33 Graham Paige.. . 10*4 Borg Warner .. 33% 32V* 33 s * 36V* Gabriel Snubbrs 8% Gneral Motors.. 42Vi 39 s * 42 40% Elec Stor Bat... 50 79% 78% 82% Hudson 45% 45'* 45V* 47 Haves Bod Corp 874 B'* 8% 11 Hupp 21 19% 21 21% Auburn 140 135% 138 135 Mack Trucks.... 197* 65'* 677* 70Va Marmon . 27V* 27'i 27% 29 Reo 12% 12 12% 12% Gardner 5 5 5 5% Motor Wheel 30'i 30 30% 30 Nash 48% 45 48% 49% Packard 16V* 15% 16V* 16% Peerless 7% 7% 7% 8% Pierce Arrow- . 22% Studebaker Cor.. 47’,4 46 1 * 46% 49% Stew Warner 39'4 38 38 40% Timken Beaar.. 7874 73 78 s * 76 Wilivs-Overland. 10% 9% 10% 10% Yellow Coach.... 12% 71V* 12 13% White M0t0r.... 32 317* 31V4 3274 Mining— Am Smelt & Rfg Am Metals 45% 43% 45% 48% Am Zinc 9 8% 8% 10 * Anaconda Cop 89 80 89 82% Calumet A Ariz .. ... ... 87 Calumet A Hecla 30% 30 30 32% Cerro dc Pasco.. 67 65% 68% 70 Dome Mines.... 7 7 7 7 % Andes ... •••* 33's Granby Corp ... 597 k 58% 58% 61 Greene Can Cop , ••• 11,. Gt Nor Ore 23% 22 s * 22% 25% Inspiration Cop. 30 s * 28'* 30% 30* Howe Sound JO Int Nickel 30’* 28’* 30% 32% Kennecott Cop.. 65% 63*s 6dV* 66:* Magma Cop .. ••5,, Miami Copper.. 28% 28% 28% 30% Nev Cons 31 s . 30 31 % 32 s * Texas Gill Sul.. 52'* 50 s , 52% 53% St Joe 44% 42 Vi 44% 49 U S Smelt 35V* 35 35'i 37% Atlantic Rfg.... 40% 38% 40% 41% Barnsdall (At... .. ... ••• Freeport-Texas.. 28 28 28 30 Houston Oil 35% 35% 35% 40 Indp Oil A Gas. 24 23 23 24V. Cont'l OH 22 22 22 25 Mid-Cont Petrol 26 25% 26 26% Lago Oil A Tr 19 17% 19, 21 Pan-Am Pet 8.. 58'i 57 5 , 57% 597* Phillips Petrol 29 27% 27% 30 Prairie Oil 47% 47% 47% 48 Union of Cal ... 45% 4a 45 46 Prairie Pipe 56% 55 55 56% Pure Oil 22% 21% 3174 23% Roval Dutch ... 51‘, * 49% 51% 51 s * Richfield 28 27 3 -8 29 Shell 2274 22% 22% 23 Simms Petrol .. 20 20 20 20% Sinclair Oil .... 26 25% 26 26% Ekellv Oil 31 30 30 32% Std Oil Cal 62% 62% 62-* 64% Std Oil N J ... 60 57% 60 61 Std on N Y .. 34% 3i s z* 33% 35 Tidewater • J;., Texas Corp ... .. . ... J 4% Texas CAO .. 10% 10% 10% 11% Transcontl 7% 7% 7% 7% White Eaele ... 27% 27% 37% 28% Industrials— Adv Rumley ... 19% 19% 19% 15 Allis Chaim new- 42% 40% 40% 44% Allied Chemical.2o4 200 203% 307 A M Bvers 55 50 55 60 Armour A 6% 6'/* 6% 6% Amer Can 109 s * 103 109’* 115 Alleghaney Corp 34 Am Safety Raz. 51 ’4 51% 51% 52 Am Ice 33% 32V* 32V* 33% Am Wool .... 9 874 8% 9% Assd Dry Good. 30 30 30 35 Bon Alum 54 54 54 55% Coca Cola 127 127 127 129 Conti Can 49% 48% 48% 50% Certainteed IS Croslev 25% 34% 24% 27 Congoleum 14 13% 13% 14 Curtiss W 9% 9% 9% 10 Davidson Chem. 32 29% 30 30 \ Du Pont 100% 100% 100% 110% Famous Plavers. 48 45 48 47% Gen Asphalt 49% Fox A 66 61% 66 65 Gold Dust ... 39% 35'/* 39% 37% Glidden 31V* 30 30% 33 Int Harvester 80 Kelvinator ... 8 Lambert 96 * 95 65 98 % Link Belt 40 Loews 42% 41% 42 44 May Stores 60% 60% 60% 64 Kolster 9% 8% Bsa8 s a 10% Montgom Ward. 59 50 59 57% Nat! C R 70 66 68% 72% Radio Keith ... 16% 15% 16% 17 Owens Bottle ... ... 38 Radio Corp 36% 31 36'% 32% Real Silk 50 Rem Rand ... 28% Sears Roebuck .. 95% 94 95 5 , 98% Union Carbide.. 70% 65% 70% 71 Warner Bros ... ... 4074 Un Air Craft.... 41 40% 41 41 Univ Pipe 4 3% 4 4% VSCs Ir Pipe.. 17% 17% 17% 18 U S Indus A1c0.119% 115 119 s * 120% Worthington Pu 61 61 61 64% Woo!worth Cos 69% Utilities— Am Tel A Tel.. 211% 205% 210 215 Am Pr A Lt 71 70 71 79% Eng Pub Serv... 36% 35% 35% 39 s * Am For Power.. 60 53% 60 60 Am Wat W r ks... 64 60 64 64 Gen Pub Serv... 27 26% 27 28% Col G A E 61% 58% 61% 65 Consol Gas 89% 86% 86% 91 Elec Pow A Lt.. 34 33% 33% 39% Int TA T 71 67 70% 75% Nor Am Cos 83 s 80 82 s * 90

On Commission Row

FRUITS Apples—ueuclous. box extra fancy. *3.75: fancv. $3 15. choice $202.35: Wealthy. $3.35; Maiden Blush. $23.25: Jonathans. $2.75: Grimes Golden $2.75: extra fancy box. Grimes. $3: New York Duchess $2 25 02.50 Gravenstetn. $3: Wolf River. $2 50. Cranberries —$3.50 a 35-lb. box: $7 a 60lb. box Grapefruit—Florida. $5. Grapes—California, seedless. $2.35 a crate; Tokavs. $1.75. Lemons —California, a crate. $13.50# 14. Limes—Jamada $302.50. Oraaces— California Valencia $3.75* Peaches—New ork. $4 a bushel: California bot. $2.35. Plums—s3.7s Idaho. 16-lb. ease. sl. VEGETABLES. Beans —Green, stringless. $2 50. Beets—Home-erown. do* 40c. Carrota-Home-grown, doz.. 35c: Colorado crate. $3.35. Cabbage- $3.50 a barrel Celerv—Michigan. 90c: Idaho. $1.35 a dozen bunches. Cauliflower —Colorado crate $1.75. Corn— Home-grown. 25 0 30c a dozen. Cucumbers —Hothouse, a dozen. $1.75. Eggplant—slsoo2 a dozen: $2 3 2.25 a hamper. Kale— Bortng. a bushel. sl. Lettuce —California Iceberg. s4®s a crate: home-grown leaf a bushel. sl. Mustard—A bushel, sl. Onions—lndiana vellow $3.35 a 100-Ib sag: white. 50-lb bag. $1.75. Parslev— Home-grown do*, bunches. 45c Pea*—Colorado SBO6 35 a hamper. Peppers—Home-grown $1.50 a bushel. Potatoes—Wticon&ln and Minnesota white. $4.25414.50 a 160-lb. bag: Red River OMts. 120 lbs. $3.75: Idaho Russets. $3.75. Radishes -Button, hothouse dozen 90c: Southern lone red. !5-325c dozen Sweat potatoes — Virginia Jersey* 94 a barrel: $3 a bushel- Indiana Jersevs $3.35 a bushel: Nance Halls. 93 a hamper. Tomatoes—Home-grown a h'balf 930 3 VC; Ms.

Pac Light 60% 60% 60% 73 Pub Serv N J ... 66% 65 66 % 69 80 Cal Edison:.. 54% 54% 54% 58 Std Gas A El .. 89 84 89 95 United Corp 26 25% 25% 29 Utilities Power.. 30% 29% 30% 31 United G A Imp 29 287* 28% 27Vi West Union Tel. 175 169 169 180 Shipping— Am &tl Corp .. 37% 33 37% 36 Am Snip A Com 174 1% 174 ... Atl Gulf A w I 68 67*, 67% 69 Inti Mer M pfd.. 25% 25% 25% 26 United Fruit 105% 105 1051* 106 P OOftV" 1 Am Sug Rfg .... 64 62% 62% 63% Cudahv Pkg .... 3874 387* 38% 41% Beechnut Pkg 69 California Pkg.. 67% 67’4 67’, 70% Canada Dry .... 61 59% 59% 62 Corn Products... 84 83 s , 85% 89 Cont Bak A .... 35 32% 32% 35 Hershey 70 70 70 94 Cuban Am Sug.. 8% 87, 8% 8% Grand Union ... 13% 13% 13% 15 s * Grand Union pfd 32 5 ,* 32 s * 31% 33% Jewel Tea 407* 40% 40% 40% Kraft Cheese . Kroger 497* 47% 47% 51V* Loose Wties .... 47% 45'i 47% 49% Natl Biscuit ....152 152 152 162 Natl Dairy 43 4274 42% 45 Gen Foods 46 45% 46 47 Loft s s * 5 5% 5% Stand Brands .. 23% 25 25 2/ Ward Baking B s'/* Tobaccos— __ ... Am Sumtra 29 29 29 33 % Am Tob B 180 176 Vi 180 183 Con Cigars ••• £B’% General Cigar... 52’4 52% 52% 54 Llg A, Meyers ... 86% Bb% 86% 89 Lcrillard 15% 15v 1574 17',3 R J Reynolds 50 50 50 50 Tob Products 8.. 6 5% 6 6% United Cigar St.. 67. 6% 6% 6 s * Schulte Ret Strs 10 10 10 10

In the Stock Market

<Bv Thomson A McKinnon) NEW YORK, Nov. 7.—While various reasons are given for Wednesday’s weakness, including gold exports and reductions in both carloadings and steel operations, the true reason is likely to be found in the highly nervous condition in which holders of securities find themselves as a result of the recent price collapse, the absence of buying power because of it, and to some extent the continued liquidation of distressed accounts. It is anticipated that banking support will develop on any further weakness today and after the close we should have some stimulus from the loan statement, the decrease In which Is estimated as high as $500,000,000. Frankly we can see no valid reason for hysterical selling of sound securities at present levels and we need only to cite earnings, dividend return and future outlook for any number of them to justify our suggestion to use present opportunities for investment purchases.

Produce Markets

Bees— Country run. loss off delivered to Indianapolis. 38c: hennery quality, 50c. No. 1. 40c: No. 2. 30c. Poultry (buvlne nricesl —Hens, weighing 4’i lbs. or over. 21022 c: under 4!a lbs. 20c: Leghorn hens. 18c: roastihg chickens. 4Mj lbs. or over. 22c: snrlngers under 4Vi lbs.. 20c: springers over 4V 2 lbs.. 20®2ic. Leghorn springers. 15®16c; old cocks. 120.14 c. Young turkev hens (must be fat) 30c: young toms. 28c: old hens. 24c: old toms. 20c. Ducks (full feathered) 12c. Geese (full feathered) 10c. Guinears. 30c. These prices are for No. 7 top duality Indianapolis 38c: hennerv duality. 48c: poultry, auoted by Kingan & Cos. Butter (wholesale)—No. 1. 44@45c: No. 2. 424143 c. Butterfat—44c. Cheese (wholesale selling price per pound)—American loaf. 35c: pimento loaf. 37c: Wisconsin firsts 27c: Longhorn. *7c: New York liroberger. 30c. r ' NEW f YORK? h Nov. 7.—Flour—Quiet and easier* spring patents. $6.25ft? 6.65. Pork —Quiet; mess. $28.50. Lard—Easier; middlewest spot, $10.95(g;11.05. Tallow Quiet; special to extra, 7 7 /is@BVsC. Pota-toes-Quiet and easy: southern. $2.854c 6.25 per barrel; Maine, $3.75(5:5.10. Sweet potatoes—Firm; southern baskets. 85c@ $1.25; southern barrels, $1.5002.35; Jersey baskets. sl(s 2.25. Dressed poultry —Steady to firm: turkeys. 25044 c; chickens, 2o@ 38m; fowls. 20(5 35c; ducks. 180 25c; ducks. Long Islard, 24027 c. Live poultry —Quiet; geese, 13021 c; ducks. 16@28c; fowl.s 22<533c; turkeys. 30@45c; roosters, 210 22c; chickens, 23033 c; broilers. 22® 36c. Cheese—Steady; state whole milk, fancy to special, 27 Va® 29 the; young Americas, 24 , /a'?-27c. Butter—Marked weak: receipts, 18.562; creamery, 43®/i|C; special market, 44H< , <i44 r, 4C. Eggs—Market steady: receipts, 26.077; nearby white fancy, 67071 c: state whites. 38057 c; fresh firsts. 47050 c: Pacific coasts. 46®68c; white westerns. 47@58c; nearby browns. 48®64c. Bn Vnited Press CHICAGO. Nov. 7.—Eggs—Market, firm: receipts. 1.769 cases; extra firsts, 48®50c: firsts. 46®47c; ordinaries 370,39 c; seconds, 280 35c. Butter—Market, weak; receipts, 5.337 tubs; extras. 41c; extra firsts. 40®41c; firsts. 37'/2®3B'/ic; seconds. 36@36'/2C; standards. 40c. Poultry—Market, steady; receipts. 3 cars; fowls 25c; springers, 23!’ac: Leghorns. 18c; ducks. 20@22c; geese, 18019 c; turkeys. 35®40c; roosters. 19c. Cheese—Twins. 22 V* ® 22 3 4c; Young Americas. 24 Vic. Potatoes —On track. 429; arrivals. 99: shipments, 569- market weak; Wisconsin sacked Round white. [email protected]; Minnesota. North and South Dakota sacked Round Whites. $202.25: South Dakota Early Ohios. [email protected]; Idaho sacked Russets, $2.50@3. Bit Vnited Press CLEVELAND, Nov. 7.—Butter—Extras, 46’ic: extra firsts. 44 I /2@45 , .2C; seconds, 36@36Vic. Eggs—Extras, 57c; firsts, 47c. Poultry—Heavy fowls. 260,28 c; medium. 22 ®24c; Leghorn. 18020 c; heavy broilers. 26021 c: ducks. 22 0 24c; old cocks. 18@ 20c: geese. 18@20c. Potatoes—Ohios, Ohios, $3.8003.90 per 150-lb. sack, best $4: New York, [email protected] per 150-lb. sack; Maine Oren Mountain, $4,350:4.40 per 150lb. sack; Idaho russets, $3.8004 per 150lb. sack; home-grow'n, [email protected] per bushel. meritladge AWARDS MADE TO BOY SCOUTS 134 Members Are Honored; Three Win Highest Laurels. One hundred thirty-four merit awards, including three eagle scout badges, were given Indianaolis Bov Scouts Wednesday night at a court of honor in Cropsey auditorium. Central library. Wallace McDonald, troop No. 9; Wallace Steele, troop No. 15; and Thomas Keller, troop No. 40, were given eagle badges. Star scout honors were awarded: Vaughn Groom, troop No. 4; Neil Whitney and Jim Hankins, troop No. 9; Daniel Taylor, troop No. 18; David Pert. Frank Parrish, Robert Deupree, and Alex Clark, all of troop No. 75. Gervais Fais, troop No. 3, and Robert McTurnan, troop No. 20, attained life scout honors. Palms above eagle scout requirements were awarded Harry Weaver of troop No. 9. VOTE STOCK INCREASE Shareholders of Bank of Brussels Agree on New Proposal. BRUSSELS. Belgium, Nov. 7.—An increase in capital stock from $61,600,000 to $92,400,800 was voted In a general meeting of he shareholders of the Bank of Brussels. The increase will be made by creation of 400,000 shares of 500 francs each, issuable at 1.200 francs and creation of 400,000 shares of 50 francs each. FLOOD DAMAGES"CROPS Mexican Tobacco and Corn Injured ; Several Lives Are Lost. ' MEXICO CITY, Nov. 7.—Damage amounting to $300,000 to tobacco, corn and other crops, have been caused by floods in the San Andres, Tuxtla and Vera Cruz regions, dispatches to the government said. Several lives were reported to have beer lost in the floods. Two deaths wf re reported earlier la the week. /

THE INDIANAPOLIS TIMES

STOCK MARKET SENDS WHEAT PRICES HIGHER Argentina Estimates for New Crop Lowered 20,000 Bushels. Bv T'nited Press CHICAGO. Nov. 7.—Wheat prices jumped sharply on the Board of Trade today rising when the stock market strengthened and estimates of the Argentine exportable surplus from the new crop were lowered by 20,000 bus'hels. Prices jumped from l 7 * to 2% cover the low of the morning. At mid-session, December wheat was quoted at $1.22, March wheat sold for sl.29Vs. and May wheat at $1.32?*. At the opening wheat was H cent lower to % cent higher, corn was 14 cent off to ’4 cent up. and oats was down 14 to % cent. Provisions were weakly lower. While wheat prices have dropped to approximately the basic figure set by the farm board, the unlikelihood of the government assuming a buying attitude nullifies this effect Liverpool was low this morning, as was expected. The low T export demand is the basic cause for, the fluctuations, and until this improves the market will probably remain uncertain. At present all sentiment Is bearish. Corn is stubbornly resisting pressure. but is being affected by the action in wheat. Today’s forecast of rain or snow over the belt is a strengthening influence. Receipts continue to be smaller than had been expected and traders are awaiting a volume movement. Oats was rather quiet with the market inclined to wait for some new incentive. The position is technically sound. Chicago Grain Table —Nov. 7 WHEAT— . „ Prev. High. Low. 12:00. close. Dec 1.22% 1.19'/a 122 74 1.20 Mar 1.29% 1.27% 1.29% 1.27% May 1.33 7, 1.3 074 1.33'/* 1.30% CORN— Dec 90 .8274 .90 .88% Mar 99% .93% .95% .94 Mav ........ .977-4 .95% .977, .9674 OATS— Dec 47 .4674 .46% .46'/* Mar 497-4 .4874 .48% .49 May ........ .51% .50% .51% .50% RYE— Dec 1.04% 1.027* 1.0474 1 03'/, Mar 1.09% 1.0774 1.09 1.0874 May I.lOVa 1.09>/ 1.10'% 1.09% LARD— Dec 10.40 10.35 10.40 10.45 Jan 10.90 10.82 10.90 10.92 Mar 10.97 10.95 10.97 11.07 May 11.25 11.17 11.22 11.22 Bu Times Special CHICAGO. Nov. 7.—Car lots: Wheat, 15; corn. 98; oats. 28; rye, 1. DIVIDEND IS DECLARED Railway Company Directors Place Stock on Cash Basis. By United. Press CHICAGO, Nov. 7.—Directors of the Chicago Northwestern Railway Company today placed the road's common stock on a $5 annual cash dividend basis by the declaration of a semi-annual dividend of $2.50 a share. The dividend is payable Dec. 31 to stock of record Dec. 2. Previously the company paid annual dividends at the rate of $4 annually.

YOUTH NEAR DEATH AFTER TERRE HAUTE HOTEL FIGHT

By Vnited Press TERRE HAUTE, Nov. 7.—A youth, whom police claim posed as a hitch hiker to commit a robbery, participated in such an act, is near death here and a second youth and an auto driver are held in default of $25,000 bond, charged with auto banditry. The youth near death is Marshall Bailey, 19, Scranton, Pa. He was shot through the abdomen. His MISSING BANKER FACES EMBEZZLEMENT CHARGE Warrant Issued at Monon Based on SBO,OOO Shortage. Bit Vnited Press MONON, Ind., Nov. 7.—The state banking commission has named Bert Van Borous, Monticello banker, receiver for the Monon State bank. The bank was closed Friday by bank examiners when they claimed to have found a shortage in the accounts, said to total SBO,OOO. A warrant has been issued for Carl C. Middlestadt, missing cashier, on a charge of embezzlement. Steps will be taken to reopen the bank at once and pay depositors. Bank officials say that depositors would in all probability be paid off in full. Middlestadt's wife left a short time after his disappearance and is believed to be with him. NEW YORK COFFEE RANGE —Nov. 6 Close. January 8.10 March 8.05 May 8.65 July 8.04 September 8.00 December 8.10

Special Football Train Saturday, Nov. 9th $4.30 Urbana Champaign $4.2C And Return And Return Half Fare for Children 5 and Under 12 Years. Account lllinois-Army Football Game PULLMAN CARS—COACHES Special train will leave Indianapolis 9:30 a. m.; returning leave Champaign 7:00 p. rru, Urbana 7:10 p. m. Tickets at City Ticket Office, 112 Monument Circle, phone Riley 3322, and Union Station, phone Riley 3355. BIG FOUR ROUTE

Business —and— Finance

Lte October sales of the UhcrroUt Motor Company show a 49 per cent gain over the corresponding period of a >ear ago. According to figures made available by the company today. Chevrolet for the last ten days of October were $38,640, as compared with 24,539 for the similar period of a year ago. Wlnten Engine company today declared an Initial quarterly dividend ot *1 a share on the common stock, establishing a *4 annual basis, and the usual quarterly dividend of 75 cents a share on the preference stock. The common dividend Is payable Dec. 1 to stockholders of record Nov. 20. and the preference dividend, Dec. i. to stock ol record, Nov. 20. Pines Winterfront Company had the largest three months' business In Its history during the second quarter of the current fiscaf year, ended Oct. 31. J. FRaleigh, president, announced to the board of directors at their meeting. The regular quarterly dividend of 25 cents per share and 2 per cent in stock tvas declared, Dec. 1 to stockholders of record, Nov. 15. National Radiator Corporation report for the year ended. Sept. 30 profit, before depreciation, of $577,272.99, providing for depreciation, doubtful accou.its. adjustment of Inventory, rnfsee.laneous items and interest on debentures, a net loss of *1.111.582.21. Th.s loss includes the heavy write-offs of Dec. 31. 1928. The balance sheet of Sept. 30 showed current assets of *6.754,389.67, ns compared with current liabilities of $418,* 635.92. Directors of the Hartman Corporation today declared the regular quarterly dividend of 50 cents on the A stock payable Dec. I. to stockholders of record, Nov. 17, and the regular quarterly dividend on the B stock of 30 cents, payable on the same date to stockholders of record of the sa-mo date. Noblitt-Sparks Industries Inc., reports October shipments of $766,660, compared with $489,998 a year ago, an increase of 56.46 per cent. For the ten months of 1929 shipments totaled $4,581,000. or 122 per cent greater than the $2,057,000 shown in the same period of last year. Consolidation of independent telephone companies through purchase has been going on faster in recent months than at any time in history, and more consolidation Is in view, according to reports in LaSalle street. Bell companies, recent statistics show, operate approximately 14,400,000 stations; the Independents about 4.500,000. NEW YORK, Nov. 7.—Total sales of 2,708,220 shares in October established a new record in the volume of trading on the Securities market. New York Produce Es change. Despite the almost total absence of security offerings during the latter days of October, on account of the distnrbed market conditions, the total volume of new stock, bond and note financing m that month, was the second largest this year, aggregating *781,134,348, according to the monthly investment review of Lawrence Stern & Cos., investment bankers of Chicago and New York. Central Alloy Steel Corporation. Massillon. 0.. has started operation at its Canton plant of anew electric induction reclaiming furnace, recently completed at a cost of $245,000.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Nov. 7, $6,042,000; debits. $12,853,000. CHICAGO STATEMENT Bu United Press CHICAGO, Nov. 7.—Bank clearings, $139,200,000; balances, $27,500,000. NEW YORK STATEMENT Bu United Press NEW YORK. Nov. 7.—Bank clearings, $2,482,000,000: clearing house balance. $232 - 000.000; federal reserve bank credit balance, $199,000,000. TREASURY STATEMENT Bu United Press WASHINGTON Nov. 7.—Treasury net balance Nov. 5. $184,855,545.39; customs receipts for the month to the same date totaled $7,604,600.55.

companion was Robert Gingher, 17, also of Scranton. The driver was Earnest Dinara, 23, Springfield, 111., whom, police say is a confessed bootlegger. Dinara said the youths asked him for a ride near Kansas, 111., and he picked them up. One of them, he said, drew a gun and forced him to turn the car over to a companion. They then drove to Terre Haute and forced him to telegraph for SSOO for ronsom money. After that, they took him along when they robbed a barbecue stand. They took him to a hotel and rented a room. The vigilance of the two youths relaxed and Bailey started to escape, Gingher went to sleep on the floor. Dinara said he got the guns of all three and prepared to flee. While going out he met Bailey and a fight ensued, the two scuffled over possession of the guns, he said, and Bailey was shot. Police were called by hotel employes. Dinara amd Bailey were found In the room and Gingher, on the hotel roof.

JamesT. Hamill & Company BROKERS Indlanapotia MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associate New York Curb 203 Continental Bank Bldg. Tel Riley 5483 Riley 5494

FAILURES FEW ON WALL ST., DESPITECRASH Recent Stocks Tumble Has but Little Effect on Business Conditions. Bu United Press NEW YORK. Nov. 7—Financial and comrpercial failures have been absent largely following the recent record break in stock values as contrasted with developments folldwing other notable Wall Street collapses. Failure of only three small financial institutions can be attributed directly to the record break in prices. In the 1873 crash, there were seventy failures of brokerage institutions and an unlimited number of commercial failures. In the 1893 panic, thirteen stock exchange houses and more than 15,000 commercial institutions closed their doors. The 1907 panic left a number of concerns defunct and hastened the formation of the federal reserve system, which has been given credit for lessening similar credit difficulties in the past years. Recent Drop On Exchange The recent drop on the Stock Exchange has had comparatively little effect, on general business or credit conditions, a remarkable development in view of the effect that past stock exchange crises have had on business conditions. The only concrete evidence of distress has been the failure of two small New York Curb Exchange houses, Lonch & Cos. and J. J. Bell & Cos. while the Bankers’ Capital Corporation, an investment trust, went into the hands of receivers. There have been no failures o.r New York Stock Exchange houses. The recent break in prices has been attributed only to overspeculation in stocks, while earlier breaks resulted from greatly strained credit conditions. In 1907, call money rase to 125 per cent and was scarce at that figure as many banks suspended payments. There also were numerous stock exchange failures, a necessary adjunct to panic conditions. Worst Break In History The collapse of 1907 was accompanied. like that of 1893, by hoarding of money throughout the country, as a result of which bank reserves were reduced to unworkable proportions. Such is not the situation at the present time. 0 The worst collapse in the country’s history was the one of 1873, which i-eached its climax with the memorable “Black Friday.” That had been gathering for more than five years, but the first rumbling was not felt until April, 1873. The stock market moved uneasily and four failures occurred. On April 26. the Atlantic bank failed, but speculation continued. The collapse of the Gould and Fiske Gold corner, which also involved President Grant, caused chaos. In addition to the seventy stock exchange anclapumerous bank failures, business suffered for many years.

11 If Indiana national ill • ci bank whoro Wm.m inon (ind womon ; feel at oa§<* •• • l 'M\ HROUGHOUT ixty-four year* of J service it has been the aim of the A Indiana National Bank to render each AA ||l|k customer every possible banking Ajjjk hvffk service,, in a way that would make Mm them feel their account is truly On the basis of leadership . . in every sphere of mod*ra ban * ti £s> ‘jr I** 1 ** tr ° n ,f * BKL % wwan ulk° nai iJm

The City in Brief

FRIDAY EVtNTS Excbangr Club, lunrbvon. Lincoln. Optimist Club, luncheon. Claypool. Anruia Club, luncheon. Columbia Club. Knight* of Columbus, luncheon, SpinXArms. j Delta theta, luncheon. Chamber of Commerce. Urn Ward Republican Club, 8 p. m., Compton hall. Master Faintcrs’ Association, luncheon. Elks' Club. Hvdianapolis Round Table, luncheon. Lincoln. Delta Tau Delta, luncheon, Columbia Club. Reserve Officers' Association, luncheon. Board of Trade. Delta Chi. luncheon. Spink-Arms. The appointment of Samuel A. Katz as rabbi of the Sharah Tefilla Congregation was announced by the officers. Samuel Cohn, president; j Mose Borinstein, vice-president; Harry Joseph. secretary, and Abraham Alpert. treasurer, after election by the trustees today. Leo Rappaport will speak at the annual meeting of the Oscar McCullough district of Family Welfare Society Friday night, at the Hillside Christian church, 1737 Ingram street. Two Negroes, James and Richard Swan. 3337 East Thirty-second street, were under arrest today, after they are alleged to have broken a window in the D. Newman & Son shoe store, 302 Indiana avenue, early this morning, and taken a pair of shoes. Butler university chapter of Delta Tau Delta fraternity initiated twelve pledges Wednesday. They are Howard Chadd. Spencer Deal, Thomas Scanlin, Robert Wnitham, Thad Schoen, Mervile Somners, Jerald Hershberger Francis Royse. Roy Hestler. Robert White and Hubert Herbert. Judge Thomas E. Garvin of municipal court will take the role of village constable in “Sleepy Valley,” a musica comedy to be given by the choir of Pentalpha lodge, No. 564, F. & A. M., at the Masonic temple Friday night. Arnold Spencer will direct the play, assisted by Miss Louise Powell. Proceeds will go to the lodge charity fund. The Indianapolis Home Builders association, at its bi-weekly dinner meeting at the Spink-Arms Wednesday night, set Dec. 4 as its election night. Dan W. Legore, Fred L. Palmer, Clyde E. Pike. C. O. Grlnslade and J. Harry Miles were appointed a nominating committee. Women’s auxiliary to the Indianapolis Medical Society will hold a bridge party and dinner dance at the Lincoln at 7 p. m. Wednesday, Nov. 13. Degree work will be given a large class of candidates Friday night by the degree team of Capital City circle No. 176, Protected Home Circle, at the Modern Woodmen hall, 322 East New York street. The building committee of the South Side Civic Clubs gave a benefit, show at the Granada theater Wednesday night. J. Ed Burk, chairman, announced the shows will be repeated tonight and Friday night. Proceeds will be used to carry on work of the committee. Students of the Indiana university school of nursing opened their first annual two-day bazar In the Ball nurses’ home at 1002 West Michigan street Wednesday afternoon. Proceeds will be turned into the Florence Nightingale fund.

PAGE 17

G. M. EARNINGS DECLINE FROM 1928 FIGURES Net for First Nine Months of 1929 Announced as $222,848,335. 1 ’new* YORK. Nov. 7.—Net earnings of General Motors Corporation, including equities in the undivided profits of subsidiary and affiliated companies not consolidated, for the nine months onded Sept. 30, 1929, amounted to $222,848,335, President Alfred Sloan announced today This compares with $240,534,613 for the corresponding period a year ago. After deducting dividends on preferred and debenture stocks amounting to $7,056,200, there remains $215,792,135, being the amount earned on the common shares outstanding. This is equivalent to $4.96 a share on the common stock as compared with $5.37 a share for the first niue months of 1928, calculated on a comparable basis. Earnings for the third quarter. Including equities, totalled $70,983,025, as compared with $79,266,639 for the third quarter of last year. After deducting dividends on preferred and debenture stocks amounting to $2,352,364. there re* mains $68,635,661 applicable to the common stock. This Is equivalent to $1.58 a share on the common stock as compared with t, t.77 a share for the corresponding quarter of 1928. calculated on a comparable basis. For the nine months ended Sept. 30, retail sales by Genera 1 Motors dealers to users were 1,58i,960 cars, compared with 1.576.708 cars In the corresponding period of 1928. General Motors sales to dealers for the nine months totalled 1,675.964 cars, compared with 1,606.902 cars for the first, nine months of 1928. Cash, United States government and other marketable securtles. Sept. 30, 1929, amounted to $187,653,073. Net working capital Sept. 30, 1929, amounted to $321,000,611, compared with $295,788,304 at Dec. 31, 1928. Marriage Licenses Frederick Noller. 54. of 939 South Bast, woodcarver. and Harriet Thorp, 54. of 826 Bates, saleslady. August J. Woemer. 64. of 509 East Drlv*. Woodruff place, salesman and Mae Kauffman. 25. o 408 East Nineteenth, bookkeeper. Charlie Jones. 37. of 2151 Columbia, cook, and Lula Cole, 31. of 1446% Columbia. Cf Norman C. Walters 41. of 3416 Salem, clerk, and Edna M. Caldwell, 33. of 3908 North Capitol. James U Roll. 37. of 227 Hanson, mechanic. and Stella L. Duncan. 35. of 92# Woodlawn. clerk. Addison T. Mark. 35 of Detroit, ateel worker, and Ruth A. Lillie, 18. of 624 North Illinois, stenographer. Building Permits W. R. Cooler, dwelling and garage. *B7O Winthrop $6,000. . Steel Frame House Company, dwelling. 5705 North Pennsylvania. SIB,OOO. Steel Frame House Company, garage, 8701 North Pennsylvania SI,OOO. Armour & Cos., addition, 603 West Ray, $4,000. Schoen-Morgan Company, garage, *435 North Meridian. $2,000. H. Federsptll. dwelling and garage. 1710

Medlord/ $3,650. _ E. S. Crane, garage. 1022 South Pershin Mrs. 3o< Ha!dman. flue. 1606 Rembrandt. * 2 s' Muhl. remodeling, McLean place and Illinois. $2,000. J. H. Leiseman. garage. 24 South Denny, $2 L s 'Mendel, garage 5531 University E. Hoffman, dwelling and garage, 830 No'**Emerson, $5,200. -