Indianapolis Times, Volume 41, Number 167, Indianapolis, Marion County, 22 November 1929 — Page 36

PAGE 36

HOG PRICES 15 CENTS HIGHER AT CITYYARDS Sheep Unchanged; Cattle Market Slow and Steady. Nov Bulk. Top. RcelpU. 1$ $9 10 *9 IS 4- 13.500 1* 9 \- '<t 9.35 9 35 4.500 It 9 35 9 35 9.000 19 9 15 9.35 13.000 20 9 20*/ 9 35 9.35 10.000 21 9 20 'f 9.35 9.35 9.000 32 *9 40 9 55 9.000 Hogs were largely 15 cents higher today at the city stockyards. The bulk, 160 to 300 pounds, sold at $9.40. Several butchers were selling at $9.50; two loads sold at $9.55. Receipts were estimated at 9.000; holdovers, 255. Cattle were scarce and unchanged, with a slaughter class of steers selling at Thursday’s best prices. Vealers were steady, selling at $15.50 down. Sheep and lambs showed little change, with indications pointing to a steady market. Chicago hog receipts were 27,000, Including 9,000 directs; holdovers, 5,000. Market was mostly 10 to 15 cents higher than Thursday’s average, numerous loads good, and choice 200 to 240-pound weights sold at $9.25 to $9.35; $9.40 bid on 260 to 280-pound weights. Cattle receipts were 2,000 and Sheep 8,000. —Hogs— Receipts. 9,000; market, higher. 800 Ib.v and up S 9.25 */9.40 250-300 lbs 9.40(0 9.55 225-250 lbs 9.40*z 9.50 300 225 lbs 9.20'(i 9.25 160-200 lbs 9.40 130-160 lbs 8.65*7 9.15 90-130 lbs B.oo*l 8.40 Racking sows 7.75*i 8.45 -CattleReceipts, 500; market, steady. 200 lbs and up $ 9 25 (fl 9.45 Brel leers, 1100-1500 lbs., good and choice 11.50*/15.00 Common and medium 9.004411.50 Beef steers. 1100 IBs. down. rood and choice .. 11.75*415.25 Common and medium 8.504411 75 Beifert 850 lbs. dowse, good and choice 12.75*115.00 Common and medium 8.00*412.75 Cow.- .. B.oo** 9.50 | Com non and medium 6.25*i 8.00 ' Bower cutter and cutter 4.50® 6.35 I £>to er and feeder steers, ;;o and and choice 9.00*/11.50 Common and medium 7.00® 9.00 —Veals— Receipts. 500; market, steady. Medium and choice $13.00*115.50 j Cull and common 7.004413.00 j —Sheep— Receipts, 700; market, steady. laralr. good and choice $12.00*/12.75 Common and medium 10 50*/. 12.00 Ewes, medium to choice 10.00*/11.50 Cull and common 3.50® 5.50 Other Livestock Pei Time s S per in I CHICAGO, Nov. 22.—Hogs—Receipts. 37.000: including 9.000 direct: market, opened 10*415c higher, mostly 15*/25c higher; top. $9.50 paid for around 200- , lb. v. lights; 180-300-ln. weights. 59.25*/ 9.40; i 150-180-lb. weights. s9*/9.25: butchers, me<ll ur; to choice 250-350 lbs.. $8.85*/ 9 50; 300-220 lbs.. s9*/ 9.50; packing sows. $8.10*7 8.75: pigs, medium to choice. 90-130 lbs., $8.25*/ 9. Cattle—Receipts. 2,000; calves. 1.000; very little here; fed steers and yearlings, fairlv active and firm, spots high, r: top weighty steers around $14.75; fat cows slow; slaughter classes, steers, rood and choice. 1300-1500 lbs.. $12.25*/15; 100-1300 lbs., $12.50*115.50: 950-1100 lbs.. $12.50*115.50: common and medium 850 lbs. up. SB*< 12.50; fed vearllngs. good and choice. 750-950 lbs.. sl3*/ 15.75: heifers, good and choice. 850 lbs. down $12.50*1,15; common and medium. $74412.50: cows, good and choice. $7,504/10: common and medium. s6*/ 7.50: low cutter and cutter. $4.75f i6; bulls, good and choice, beef. SB./5 t/>10; cutter to medium. $6.50*7 9.25: vealers, milk fed good and choice. sl2*/ 15: me-, dlum. sll*/12; cull and common. $7&11; j utocker. steers, good and choice, all weights. $104111: common and medium. $7.25*i 9.75. Sheep Receipts. 8.000: market, steady; fat lambs, $12.50 to mostly $12.75: earlv top $12.90; fat ewes. $5 *7 5.50; feeding lambs, quotable steady; lambs, good and choice. 92 lbs. down, meduim. sll<TCl2-35. Kir Times ftneeinl ... LOUISVILLE. Kv.. Nov. 22 —Hogs—Receipts* 700; market 15c higher; 175-300 , lbs 59.35; 300 lbs up. $8.75; 130-175 lbs., $8 75; 130 lbs. down. $7.40; roughs. $7.40; stags, $6 80 Cattle—Receipts. 200; market 'teadv; prime heavy steers. sll*/12.50; heavv shipping steers. medium and plain steers. $7.50<5T9; (at heifers. s7(i 11; good to choice cows, $7<h8.50; medium to good cows. $5.50 a7; cutters. $5 u 5.50; canners, s4^/4.75; bulls, ss.sofri 7.75; feeders. sß*/10.50; Stockers, s7fi 10.25. Calves--Receipts 100; market steady; fatjey calves, $13.50; good to choice, $10.50 i 4i13. medium to good. $7,504/9.50; outs. $7.50 down. Sheep—Receipts, 50: market ste-'dv; ewes and wethers. $11.50: buck ( lambs. $lO 50: seconds. $54/ 7; sheep. S4*z 8. Thursday's shipments: Cattle, 119; , calves, none;’hogs. 311; sheep, none. Bit United Press CLEVELAND. Nov. 22 —Hogs—Receipts. 1,500. holdovers none; steady to 15c hi" er: ltO-280 lbs., mostly 10c up: bulk. $97-0 150 lbs down, mostly $9.15; stags. $6, steady. ' Cattle —Mostly steady, more Ini rest In low grade steers and heifers aeTlng around $8.15*/9.25; load, medium 1,100 lbs., steers. $11; fat cows, $6.50*/8; cutt:r grades. s4*/6 mostly. Calves—Receipts. 400: steady: good to choice vealers, sl*so: medium, $13,501/16: culls down to sll or under. Sheep—Receipts. 2,000; stea good to choice lambs. sl3*/13.75, according to kind; heavies. $11.50**12; medium throwouts, $10.70® 11.50; fat ewes. ss*/ 6. Bn I nlted Brent TOLEDO. Nov 22.—Hogs—Receipts, 700; in ,;tt. 10 to 15 cents higher; heavies. $9 4/9 25 mediums. $9.40 o 9.50; yorkers. $8.85 *l9 pigs. $8.75*/9. Cattle—Receipts. 100: market, steady Calves —Receipts, light; market, strong Sheep and lambs —Receipts light; market, steady. Bn I nlted Press P-TTSBUROH. Nov. 22 —Hogs—Receipts. 4 SCO market, active to strong to 15 cents hig.icr; 180-240 lbs . $9.75 0 9.80: 250-325 lbs $9 400/9.65: 120-140 lbs.. 59.25(89.50. Calves Receipts 100: market, fully ste-dv: good to choice vealers. sl7. Sheep —R:celpts. 1.200; market, steady to weak; bulk fat lambs. sl4; aged wethers. $8.50*4 7.25. B rnlted rresg CINCINNATI. Nov. 22—Hogs—Receipts, 4,290. holdovers. 579: active. 156/25c higher light weight and pigs showing full advances; bulk good and choice. 180 to 300 lbs., to 50*i 9 65, top paid freely: desirable 130 to 180 lbs., mostly $9.25, sorted, $9 35: pigs, 100 to 130 lbs . $8.75*49 25; llg ;er weights down to $8.50' buks sows, $7 75*.. 8.25; stags. $6.50. Cattle—Receipts. 454'; calves. 22. fully steady; good demand for '.ight butchers, comoa and medium ha dvw eight steers, heifer snd yearlings. $ ; lS; odd-head, good to choice. 500 to 60? lbs , sl3 50: beef cows. $6.50*18.50, a few $9 or better; low cutters and cutter-. $4 75*16, bulk bulls, SJTSeS.SO; stoker feeder and dairy cattle. active, eca-ce; better grade veals 50c higher, top sl6 bulk less desirable. sll*s 15. Sheep— Steady, good and choice light lambs. sl3: heavies over 90 lbs., around $11.50 down, throwouts end buck*-. $8 504/10; good handy weight ewes. $545 5.50. B I m'fi /1 Pr- ss EAST BUFFALO. N. Y , Nov. 22 —Hogs— Receipts. 6,500; holdovers. 300; active, fully steady; bulk 160-200 lbs.. $9.75; 120-150 lbs . $9.25®9.60: packing sows. $8.154?8.65. Ca:t’.e— Receipts, 300; draggy. weak to slightly lower: medium heifers. $9.50: all cu::er cows. $3.50*5 6. Calves—Receipts. 500 vtalers unchanged. Sheep—Receipts. 4.200; lambs, slow, generally 25c lower, some lnbetween grades off more; good to choice. sl3 25*7 13 75; medium and strong weights. sll ./ *412.25; cows. $10®10.50; fat Owes, $5 50*18.25. discuss pooTofwool Growers Consider New National Marketing Proposal. Bi' United Pr-gs SAN ANGELO, Tex.. Nov. 22. Wool growers, In session here, continued their debate today on the feasibility of the newly devised national marketing plan, under which the National Wool Growers’ Association is to operate. The chief objection to Texas entry into the association arose because of the conflict the plan would make with the existing warehouse system. Under the present plan growers are financed in the production of their wool and mohair.

New York Stocks (Bv Thomson A McKinnon)

Railroads— Prcv. High. Low. 12 00 close I Atchison 231 223 229 232% Atl Coakt Line . 173173 : -i 173% 172 Balt & Ohio ..119% 119 Vi ll#'/a 119 [Canadian Pac ..202 202 202 202% Chesa A Ohio ..203% 201% 201 % 202% Cher-a Corp 60 59% 59% 59% Chi & N West.. 90 89% 89% 89% Chi Ort West.. 10% 10% 10% 10% C R I Si P... .120% 120 120 118% Del ii Hudson ..173% 169% 173% 168 I Del ti Lacks... 146 146 146 145% Erie 56% 55% 56 55 Erie Ist old ... 64 64 64 84 Ort Nor 96% 96% 96% 96% Gulf Mob & Os. 30% 30% 30% 30 111 Central 130% 130 130% 129% Lehigh Valley . . 11% 71% 71% 70 Kan Cltv South 80 MK & T 41% 41 41 41% Mo Pac pfd ...125% 124% 125% 123 N Y Central.... 179% 173% 179% 177 NY C A St L ..132', 132 132% 132% N Y N H A H. .112% 111% 112% 112, Nor Pacific 92% Norfolk A West 237 236 236 238 O A W 14 Pennsylvania .. 85% 85% 85% 86% Reading 120% 120% 120% 121 iSeab'd Air L.... 10% 10% 10% 10% i Southern P.y ..139% 139% 139% 13ot* Southern Pac . .122 1 * 122% 122% 121 St Paul 24% 24% 24'/. 24 St. Paul pfd.... 41* 40% 41 41% St LA 8 W ... 63% 61% 61% 61% St L A 8 F ....112% 112% 112% 112 Texas A Pac ... ■ . J 22 Union Pacific ..231 230% 231 231% West Maryland. 20% 20% 20% 20% Wabash 44% 44% 44% 43 Va West Pac 22 20% 21 20 Rubbers— Aje.X 2% 2% 2% 2% Fisk .. 4 % 4 % 4 1 4% Goodrich 47 47 47 47 Goodyear 70% 69% 70 70 Kellv-Spgfld .... 4% 4% 4% 7 9 Lee 6 3 4 6 3 6 3 4 6*. a United States... 30 3 /* 30V* 30V* 30V* Equipments— Am Car A Fdy.. 88 87% 87% 86% Am Locomotive. 110% 110 110 110% Am Steel Fd .... 49% 49% 49% 56 • Am Air Brake Sh • • 48% Man Elec Sup .. 20 20 20 21% General Elec ... 228 223 223 326/2 Gen Ry Signal.. 92 89% 90 89 Gen Am Tank.. 90% 89 90% 88% N Y Air Brake. 4040 4040 Pressed Stl Car.. 9% 9% 9% 9% Pullman 82%, 83% 82% 82_j Westlngh Air B. 48% 45% 48.2 46-_a Wer.tlngh Elec ..141‘/a 139 140% 139/ Ani Rol Mills ... 82% 82 82 81's Bethlehem 93% 92 92 93 ( Colorado Fuel.. ... ••• 2, 'f Crucible .... 82% 82% 82% 8* '* Gulf States Stl.. 49% 49% 49% 48% Inland Steel • • tifl Otis 34 3 -i 34 34 i 3J % Rep iron & Stl 78% 77% 77 -a 7' -* Ludlum 34 33 2 33 2 33 e Newton ...... 57 50 51 u s steel 170 168 168 169% Alloy 37% 36% 37 37% Warren Fdy 18% 18% 18/4 1/ z Youngstown Stl. 108 101 108 106 Vanadium Corp.. 55% 53 53 5o Motors — Am Bocch Mag. 33% 33% 33% 34 Brigg / H% 107a 10 11% Brockway Mot. 19% 19% 19% 18 a Chrys'er Corp... 34 33% 33 % 34 Eaton Axle 301% 30% 30/g 30/a Graham Paige.. 9 8% 8 A 9 Borg Warner . 33% 33% 33% 34 2 Gabriel Snbbrs. 6'% 6% 6% ■ General Motors. 41% 40% 41 42/4 Elec Stor Bat... 79% 78% 79 81% Hudson 48 % 48% 48% 48 Hayes Bod Corp 9 0 9 9 Hupp 22 1 2 22 22 22 Auburn 161 161 161 160 Mack Trucks ... 71% 71 71 72 Marmon 27% 27 27 28% Reo 12 11% 12 12 Gardner 4% 4% 4% Motor Wheel ... 27'% 27% 27% 27-a Nash 55 54 54 54% Packard 15% 15% 15% 15% Peerless 6’4 6 Vi 6V2 o*2 Studebaker Cor. 47 46% 46% 47% Stew Warner... 44% 44% 44% 44 Timken Bear ... 77% 76% 7714 77% Willys Overland. 10% 10 10 10% Yellow Coach . 127 b 11% 11778 12 White Motor ... 32% 31% 32% 31% Mining— Am Smelt A Rfg 78 77% 7778 77% Am Metals 457 b 45 45 46 Am Zinc 11% It 11% 11% Anaconda Cop. . 84% 81% 82% 85 Calumet A Arlz. 96 96 96 9i% Calumet A Hecla 38% 377 b3B 387 b Cerro de Pasco. 69 1 * 68% 68% 70% Dome Mines ... 7 7 7 7 Andes 377 b 377 b 377a 37% Granby Corp ~ 60 60 60 597/4 Gt Nor Ore .... 24% 2474 24 % 24 Inspiration Cop 32% 32% 32% 327 b Howe Sound ... 42 41 % 417 b 4174 Int Nickel 3274 31% 317 b 32 Kennecott. Cop. 66 63% 64 6674 Magma Cop .... 51% 51 51 51 Miami Copper .. 31% 31% 31% 31% Nev Cons 33% 32's 33 33% Texas Gul Sul:- 58 7 b 58 58 58% St Joe 51 50% 5074 50% U S Smelt 39% 39% 39% 38% Atlantic Rfg ... 43% 427* 42% 43 Barnsdall <A) . 267* 26 367* ;;5Yb Freeport-Texas . 36 3 4 34% 36% 34 Houston Oil ... 527 b 5174 517* 4874 Indp Oil A Gas 25 74 25 74 25 74 24% Conti Oil *27% 27 27 2574 Mid-Cont Petrol 367 s 2974 30 30 Lago Oil A Tr.. 23 23 23 22% Pan-Ain Pet 8.. 63 63 63 627 b Phillips Petrol.. 34% 34% 34% 33 Prairie Oil 52 52 52 51% Union of Ca 1.... 46 46 46 4574 Prairie Pipe .... 587' 2 587 b 5874 58 Pure Oil 24 7* 24 24 23% Royal Dutch .... 5374 53% 5374 5374 Richfield ...... 30 29% 30 297* Shell 2474 2474 24% 24% Simms Petrol .. 23 74 23 % 23% 24% Sinclair Oil 28 277 2774 28 Skelly Oil ~ 33% 33% 33% 34% Std <Dil Cal 62% 62 627* 63 Std Oil N J.... 65% 64% 6474 6474 Std Oil N Y 36 36 36 36 Tidewater 14% 13% 1474 13% Texas Corp .... 56% 56% 56 74 56 74 Texas C A O 11% Transcontl .... 874 8 874 8 Industrials— Adv Rumely .... 29% 29% 29% 14 Allis Chalmers. . 48% 48Vi 48 74 48 74 Allied Chemical 256 255 25574 255 A M Byers 75% 73 73 7374 Armour A 6% 6% 6% 674 Arner Can 1187 b 1574 11574 H 8 Am Rolling Mill 8174 Borg Warner 3474 Alleghaney Corp ... 2574 Am Safety Raz. . 57 57 57 57 74 Am Re 38 74 38 % 38% 38 Am Wool 10 9% 9% 974 Ass<f Dry Goods. 3874 38 38 387* Bon Alum 48 48 48 49 Coca Cola ... ... 124% Conti Can 56% 55% 56% 54% Certainteed ... 14% 14% 147* 1474 Croslev 20% 19% 20% 21 Congoleum 14% 14% 1474 15 Curtiss W 8% 8% 8% 9 Davidson Chem. 31 30% 30% 3074 Dupont 115 112% 115 112% Famous Players. 51% 5! 51 51% Gen Asphalt ... 55% 54% 54% 56 Fox A 667* 64 % 65 61 % Gold Dust 42% 41% 42% 42 Glidden 36% 34% 36% 34 Int Harvester... 82% 82% 82% 8474 Kelvtnator 8 7% 7% ,■ 77 s Lambert 100% 104% 104 74 103 Link Belt 41% 41% 417 2 ... Loews 51 49% 51 49% May Stores 61% 59% 59% 617* Roister 87s 8 8 87b Montgom Ward 53 57% 59 577 2 Natl C R 76% 76% 76% 76 Radio Keith ... 18% 18 IS 18 Owens Bottle ... 56% 56% 56% 55% Radio Corp .... 37 35% 36 3772 Real Silk 48 47’ 2 47 7 2 48 Rem Rand 31 30% 301 9 30% Sears Roebuck.. 98 96% 97% 96% Union Carbide.. 82% 81% 82 82> 2 Warner Bros ... 45% 45 45% 43% Un Air Craft .. 47% 46% 47% 46 Univ Pipe 4 4 4 4% USCs Ir Pipe. 20% 20% 20% 20% U S Indus A1C0.136% 133% 136 134% Worthington Pu 61% 60 61 58 Woolworth Cos.. 77% 77 77 U S leather .. 11% 11% 11% ’ii% Utilities— Am Tel A Te1...226% 224% 224% 226% Am Pr ALt ... 80% 80% 8074 SI 3 * Eng Pub Serv.. 41 4040 40% Am For Power.. 78 76% 76% 76% Am Wat Wks . 85 83% 85 83% Gen Pub Serv.. 35 34 35 34% Col GA E 75 74% 74% 74%

In the Stock Market

(Bv Thomson & McKinnon) NEW YORK. Nov. 22.—Expenditure of approximately $5,000,000,000 for new construction work already promised to President Hoover, has gone a long way to insure employment and retain the purchasing power of the masses, which, after all. is the real backbone of th? prosperity of the country. Except in a few isolated cases, idustrial leaders find only a slight seasonal recession in business generally, and with the railroads and utility companies going ahead with vast expansion plans, stability and wholesome growth in the country’s wealth appears assured. The unexpectedly large drop in the loan total affords further reason for optimism on the part of investors. Securities, it may be safely said, that is. the highest type of stocks, are now lodged in stronger hands, but the most encouraging phase of the market is the backlog of investment orders, which insures orderly conditions. W'e continue to view the outlook as most encouraging. W T ith money rates tending still lower, it is only natural to expect that investment funds will continue to seek thos* common shocks which Ftni s>ow yil<*s substantially above those obtainable in bonds and preferred stocks.

Consol Gas 101% 100% 101% 100% Elec Pow A Lt 43% 42% 8 2% 43 Int TAT .... 75 74% /4% /47s Nor Am Cos .... 95 94% 94% 93 Pac Light 77 75% 76 74% Pub Serv N J.. *3 817* 81% 81 So Ca! Edison. 57% 57% 57% 57 Btd Gas A E1...115 113% 114% 113 United Corp .32 31 31 b 30% Utilities Power. 33>/* 33 33 32 ■ United O A Imp 32 74 3 2 32 % 3174 West Union Tel. 19174 190 190 in Am h lm( n £mp ..43% 4272 42 'f 43 Atl Gulf AW1.75 74 7 3 7 4 73 Int! Mer M pfd. 27V* 27 27% 26% United Fruit ...109 108 108 1087* Food*Am Sug Rfg ... 62% 6274 62 % 63 Borden Beechnut Pkg .. 69% 69% 69% 70 California Pkg . 71% 707 70% 71 Canada Dry ... 69 67 74 6 8 67 Corn Products . 91% 91% 9174 9172 Cont Bak A 39A* 39 39% 38% Hershey 777* 77% 77% 73 Cuban Am Sug. 8 7% 8 874 Cudhay Pkg ... 44 43% 44 43% Grand Union .. 13% 14% 14% 137* Jewel Tea 47% 47 47 % 4" Kraft' Cheese .. 39 3872 38% 38 Kroger 5874 597* 58 54 Loose Wiles • • • 53% Natl Biscuit 185 185 185 185 Natl Dairy 5274 5274 5274 5174 Gen Foods 517a 51 51% 507a Loft 3 474 474 5 Stand Brands .. 28’4 28% 28% 28V* Ward Baking B. 674 674 674 67* Tobaccos — Am Sumtra .... 26 26 26 26 Am Tob B 20774 205% 205% 206 Con Cigars 49 48% 49 49 General Cigar... 5574 55% sj7b 54 Llg A Meyers... 94 93 94 93 Lorlllard ' 19 19 19 19 R J Reynolds... 48 3 4 4874 48% 47% Tob Products B . 574 574 574 5% United Cigar St. 6 fl 6 6 Schulte Ret Strs 874 B’/4 874 8

PROFIT-TAKING FORGES STOCK PRICESLOWER Tickers Nearly One-Half Hour Late at Close of Trading.

Average Stock Prices

Average of twenty Industrials for Thursday was 348.49, ut> 7.36. Average of twenty rails was 147.84. up 2.76. Average of forty bonds was 93.38, up .48. Iln United Press NEW YORK, Nov.* 22.—Heavy week-end profit-taking brought prices down from fractions to 3 points in most issues on the Stock Exchange today. Trading was more active than Thursday, but # still relatively quiet. Prices opened irregular with the majority higher. Then some few made small gains. In the first hour the list was turning downward steadily as steel common slid lower. The usual mid-session rally developed however and brought the majority above the early lows. Toward the close, selling became more pronounced and the whole list gave ground. Steel made anew low for the day in the last five minutes of trading and other leaders suffered proportionately. Tickers Half-Hour Late Tickers at one time were nearly a half hour late, but they caught up some by 12:50 p. m. The Stock Exchange and curb are to resume regular hours next Monday, Tuesday and Wednesday. The remainder of the week, the exchanges will be closed. Sales to noon amounted to 2,076,400 shares, compared with 1,658,400 shares Thursday. Total sales were 2,929.230, compared with 3,138,680 Thursday. There was nothing in the news to account for the selling. Call money was eas yat 4% per cent on the Stock Exchange and 3M per cent in the outside market; brokerage loans declined $585,000,000; the federal reserve statement was considered greatl yimproved; business leaders continued to issue optimistic statements. Many traders had good profits piade in the advance this week and in view of expected strength, due to constructive developments, they decided to sell to realize these profits. Some brokerage houses had sent out warnings that a technical reaction might be due and this added to the unsettlement. Steel Off 3 Points United States Steel reacted 2?i to close at 167 and other leaders were down 1 to 3 points. Among the losers in the industrial division were General Electric, American Can, I Radio and General Motors* Rails made the best showing of any group, with New York Central ! closing 4 points higher at 181. The carriers were slightly under ther previous close when the day ended, j with the exception of New York Central, but they were the last to give ground. Some Utilities gained as much as a point or more, and Oils held well. National Cash Register was a strong specialty, closing with a gain of 6 points at 82.

Produce Markets

Eggs (county run)—Loss off delivered In Indianapolis. 38c; henery quality. 56c; No. 1. 46c; No. 2. 30c. Poultry (buying prices)—Hens weighing 4Va lbs. or over. 22c; under 4Vi lbs., 20c; Leghorn hens. 17c; springers. 5 lbs. or over, 19c; under 5 lbs.. 18c; Leghorns, springs. 15c; stags. 15c; heavy cocks, 14c; Leghorn cocks. 12c; turkeys. youne hens, fat. 24c; young toms. fat. 24c; old hens, fat, 18c; old toms, fat, 16c; ducks, full feathered, fat, white. 14c; geese, full feathered, fat. 13c: guineas. 35c a lb. These prices are for No. 1 top quality 48c; poultry quoted bv Klngan & Cos. Butter (wholesale)—No. 1 44045 c: No 2. 42043 c. Butterfat—42c. Cheese (wholesale selling price per poundi—American loaf. 35c: pimento loaf 37c: Wisconsin firsts. 27c Longhorn 2 7c New York limberger. 30c. Bv Vnitrtf Press CHICAGO, Nov. 22.—Eggs—Market firm: receipts. 2.591 cases: extra firsts. 50(u52c; firsts, 470 48c; ordinaries. 37®33c; seconds, 28035 c. Butter—Market firm: receipts. 8,502 tubs; extras, 42c; extra firsts. 400 41c; firsts. 37®'38 tic; seconds, 35frr 36c; standards. 40c. Poultry Market firm; receipts. 6 cars; fowls. 24c; springers. 22c; Leghorns. 17c; ducks, 19c; geese, 20c; turkeys, 27c; roosters. 18c. Cheese— Twins. 21' 2® 22c; young Americas. 24c. Potatoes—On track. 242: arrivals, 57; shipments. 584; market, none due to cold weather; asking 10c higher. Bii Vnitcri Press NEW YORK. Nov. 22.—Flour—Quiet and firm: spring patents. $5.4006.75. PorkQuiet; mess. $28.50. Lard—Firm: middle west spot. $10.90 ii 11. Tallow—Steady; special to extra. Potatoes—Weak: Long Island. *2.75'<f.15K Maine. 83.900 4.90 barrel. Sweet potatoes—Steady: southern baskets. 81'5?1.25: southern barrels, $2.250 3.35: Jersey basket. 60c <i $2.25. Dressed poultry—Steady; turkevs. 14 2sc chickens. 240 36c; fowls. 200 32.': ducks, ll ®2Bc; ducks. Long Island. 230 27c. Live poultry—Steady: geese. 140 25c: ducks. If 028 c. fowls. 15C32c: turkeys. 26032 c: roosters. 20032 c: chickens 200 29c: broilers. 26@ 35c. Cheese-rSteadv: state whole milk, fancy to special. 260 26'jc; young America. 23 0 25c. B" ' nitrtf Press CLEVELAND, Nov. 2.—Butter—Extras, 45>jc: extra firsts. 44044'aC- seconds. 350 36c. Eggs—Extras. 56c: firsts, 47c. Poultry—Fowls. 35 0 26c; medium. 220 23c; Leghorn, 15020 c, havy springers, 230 25c: Leghorn springers. 20c; ducks. 200 25c old cocks, 18c. Potatoes—Ohio. $3,850 4 per 180-lb. sack; Maine Oreen Mountain, 84.330 4.40 per 150-lb. sack; Idaho Russet. 14 0 4.25 per 100-lb. sack; home grown, 81.50 g 160 per bushel sack.

THE INDIANAPOLIS TIMES

STRONG FOREIGN CABLES FORCE WHEATJIGHER Corn and Oats Are Boosted With Major Grain in Early Trading. Bu United Brens CHICAGO, Nov. 22 —Wheat prices jumped upward on the Board of Trade here today under the propulsion of strong foreign cables. Liverpool, after an unevenly lower to higher opening, was up 2T4 to 2% cents late in the day <iue to the Argentine estimate of an exportable surplus of 96,000.000 bushels. Buenos Aires was 1 to 1% cents higher just before noon. Wheat bore corn and oats upward with it. At the opening wheat was lli to V/i cents up; corn was H to % cent higher, and oats was L to Vi cent higher. Provisions were steady. Sentiment in wheat is divided this morning, many doubting the advisability of selling the market until the exact situation in Argentina is known, while others think that European buyers will come in soon. There is liquidation in progress in December wheat, but a further drop may be necessary to induce elevators to carry the crop over until sprng. The action in December corn Thursday was due to covering by shorts trying to fill contracts. The country offerings are growing larger and the weather, at present coldest of' the year, favors an early movement. Scattered buying of deferred deliveries in oats was good and offset the liquidation of the December oats. The market was swayed between a rising wheat market and a sinking corn market. Chicago Grain Table —Nov. 22WHEAT— Prev. Open. High. Low. 12:00 close. Dec... 1.25 1.2574 1.2274 1.23% 1.2374 Mar.. 1.32 1.32 1.30 1.30 74 1.30 74 Mr v.. 1.36 1.3674 1.33% 1.3474 1.34 3 4 July. 1.36 1.3674 1.34% 1.34% 1.3474 CORN— Dec... .90 .90 .89Vn .89% .89% Mar.. .94% .94V* .92% .92% .94 May.. .3 874 .9 6 7-2 .95% .9574 .9574 OATS— Dec... .4 774 .47 74 . 46% .46% .4674 Mar.. .497-8 .4974 49% .4974 .49% Mov.. .5174 . 5174 .5074 .50% .5074 D-x. X .'f1.01% 1.01% 1.00% 1.00% 1.00% Mar.. 1.05 1.05 1.03% 1.0374 1.03% May.. 1.05 74 1.05% 1.(11 1.0474 1.04% LARD— Dec.. 10.35 10.40 10.35 10.40 10.32 Jan.. 10.95 11.02 10.95 11.02 10.90 Mar. 11.15 11.15 11.15 11.15 11.07 May. 11.32 11.40 11.32 11.40 11.27 It ii Times SnrrUtl. CHICAGO. Nov. 22—Carlots: Wheat, 12; corn. 150; oats. 35.

Indianapolis Stocks

—Nov. 22Bid. Ask. American Central L Ins C0...800 Belt R R & Yds Cos com 58 62% Belt R R & Yds Cos pfd 54 60 Bobb’s Merrill 31 36 "Central Ind Power Cos pfd... 88 93 Circle rhea ter 105 Cities Serv Cos com 30 Cities Serv Cos nfd 90 Citizens Gas Cos com 34 41 "Citizens Gas Cos pfd 93 101 "Commonwealth L Cos pfd 7% 96 1 /* ... "Commonwealth L Cos pfd ... 97 ... Equitable Sec Cos com Hook Drue Cos com 45 Horuff Shoe Corp com Ind Hotel Cos Claypool c0m..125 Ind Hotel Cos pfd 100 Ina Serv Corp pfd Indpls Gas Cos com 56 59 Indpls & Northwtn Tr Cos pfd 6 Indpls P & L pfd 98 98% Indpls Pu Wei L Assn com... 51 Indpls St RR Cos pfd 26% 30 Indpls Wa Cos pfd 94 Inter Pub Cer pr lin pfd 97 101 Inter Pub Ser 6s 88 Merchants Pub Util Cos pfd.... 101 ... Metro Loan Cos 97 101 Northern Ind Pub S G pfd 7s. 99 Prop; Laundry Cos com 45 E Rauh & Sons Fert Cos pfd.. 50 Rea! Silk Hosier Cos pfd 90 Standard Oil of Ind 54% ... T H Indpls & Tr Cos Dfd .. 7 T H Trac & L Cos pfd 80 Union Title Cos com 50 V Camp Prod Cos Ist pfd ...... 98 V Camp Prod Cos pfd 100 Shareholders Invest Cos 25% 23% •Ex-dividend. —BondsBid. Ask. Belt R & S Y Cos 4s 85 Broad Ripple Trac Cos 5s 60 Cent Ind Gas Cos 5s 95 ... Central Ind Pow Cos 6s ....... 95 Chi S B & N Ind Djl Ist 5" Citizens Gas Cos 5s 98 101 Citizens Street Railroad 5s .. 48% 51 Gary St Ry Ist 5s 70 Home T & I of Ft. Wayne 6s. 99 Indiana Hotel Cos 5s 96 Ind Northern Trac Cos 5s 3 6 Ind Railway and Light Cos 55.. 95-' ... Indiana Service Corp 5s 85 ... Indpls Power and Light C 0... 96 97% Indiana Union Trac Cos 55.... 3 ... Indpls Col & Trac 5s 95 Indianapolis Gas Cos 5s 97 Indpls & Martinsville T Cos 5s Indpls No Trac Cos 5s 10 14 Indpls & W Trac Cos 5s Indpls Street Ry 4s 45 50 Indpls U Rv 5s T 1965 A B 98% 100 Indpls Trac & Terminal Cos 5s 91 93 Indpls Water Cos 5%s 1953 ....100 Indpls Water Cos 5%s 1954 ...100 101% Indpls Water Cos lien & ref 5s 92 Indpls Water Cos 4%s 90 92 Indpls Water Works Sec C 0... 80 Interstate Pub Serv 6%5.101 Interstate Public Service Cos 5s 93 No Ind Telegh Cos 6%s 1931... 95% 99% No Ind Telegh Cos 6s 1931 97 99% T H ft E Trac Cos 5s 52 T H Trac and Light Cos 55.... 86 91 I Union Trac of Ind 6s 13 —-Sales Citizens St Railroad 5s 1 band @ 99 Indpls Street Ry 4s, 1 bonds (n .... 45 Indpls Street Ry 4s 2 bonds (ii 45% Indpls Trac Sc Term Cos 5s 1 bond <dl 91 Inpdls Wa Cos 5%s 1954 1 bonds */ 100% Indpls Water Cos 4%s 4 bonds */,.... 90 Building Permits L. Cohen, wall. 2233 Massachusetts, SSOO. M. A. Harris garage. 1305 Sturm, S2OO, R. Sullivan, dwelling and garage, 4814 Erst Tenth. $4,000. T. E. Grinslade. dwelling and garage, 1023 McKinlev. $2,350. T. E. Grinslade. dwelling and garage, 924 Summit. $2 350. J. Thalman. garage. 2737 Bsllefontaine. !S2OO. v I W. F Jackman, dwelling. 1225 Bradbury, i $2 200. G. Pauvell, repairing, 710 North Holmes, : "32 000.

WALKER THEATRE a * “ “SI 31* THANKSGIVING WEEK EXTRA THANKSGIVING MATINEE BIG DOUBLE FEATURE VfISSZA™ Commencing ON THE SCREEN Commencing SIN.. Nov. ■-/—t Pays| Thors., Nov. 28—* Days Jsce! Gaynor—Charles Farrell Lily Damita —Ernest Torrence “LUCKY STAR” “ THE BRIDGE 0F Fox Movietone —All-Talking SAN LOIS REY” Two lost young lovers, she wa* Metro-Goldwyn-Mayer-Talking • hillside waif, and be wa* half Ton’ll marvel. Voq'H thrill and a man— no legs to stand on. Hope think. A REAL CLASSIC. Five surged in his breast. Love Inspired lives, all doomed and In this doom her to womanhood. waa mercy. “ L ‘HE ST AGE f- r , BESSIE SMITH-The Queen ot the Blue* in “MIDNIGHT STEPPERS" of S3 People OUR OWN BAND in CHOICE SELECTIONS

Bushiest — and — Finance

6T. LOUIS, Mo.. Nov. 22.—The St. Louis-San Francisco Railroad today announced building contracts on $12,000,000 worth of railroad equipment. President J. M. Kurn said the equipment order was the largest of the line in two years “and evidence of the company's belief in good business conditions throughout 1930.” Directors of Real Silk Hosiery Mills, Inc., today declared the regular quarterly dividends of $1.25 a share on the common and $1.75 a share on the preferred stocks, both payable January 2 to stockholders of record Dec. 13. Rudolph Gucnther-Russell Law, Inc., reports net profits for the three months’ period ended Sept. 30. 1929, adjusted to /rive effect to the recent financing of $1*2,379, zfter all charges, compared With the 192.1 third quarter report, prepared in like manner, which showed net profits after all charges of $59,485. Such net profits for the nine months ended Sept. 30. adjusted on a similar basis, amounted to $486,152, equal to approximately $3.24 a share on the 150.000 shares of $5 par value common stock outstanding. Net Income of the North American Car Corporation for the three months ended Sept. 30, after all charges, including federal taxes, was $208,187, an increase of 51 per cent over the corresponding period of 1928, Henry H. Brigham, president, announced today. Available for dividends and management profit sharing for the year ended Sept. 30, 1929 of $1,903,528 compared with $1,415,367 for last year, an increase of 34 per cent. These earnings are equal to $6.12 per share on the 311,131 shares of common stock outstanding at Sept. 30, 1929 as compared with $4.54 per share on the basis of the same number of shares last year. After deduction of $140,000 for management's share of profits, earnings are equal to $5.67 pc- share for 1929 as compare! with $3.95 per share las* year after management profit of $185,000. Western Power Light and Telephone Company has authorized an Issue of $2,000,000 6 per cent one-year gold notes as part of a program of expansion. The company operates a large group of electric. gas. we.ter, ice and telephone companies in Missouri. Kansas, Oklahoma, New Mexico and Texas. Directors of the Public Service Corporation of New Jersey have declared the regular Quarterly dividend of 65 cents a share on the no par value common stock for the quarter ending Dec. 31, 1929. Regular quarterly dividends have also been declared at the rate of $2 per share on the 8 per cent cumulative preferred stock, at the rate of $1.75 a share on the * per cent cumulative preferred stock, and at the rate of 51.25 a share on the $5 cumulative preferred stock. All these dividends are payable Dec, 31 to stock of record Dec. 2. Dillon, Read A Company, as sinking fund trustee for the Republic of Poland 25-ycar sinking fund external 8 per cent bonds offered here in 1925, have Issued a notice calling for the c eml-annual redemption of $700,000 of these bonds for the sinking fund. They have been designated by lot for redemption on Jan. 1, 1930 at a price of 105 and accrued Interest. Directors of G. C. Murphy Cos. have declared the regular quarterly dividend of 30 cents a share on the common stock, pavabie Dec. 2 to stockholders of record Nov. 20. Noblitt-Sparks Industries, Inc., has called a special meeting of stockholders for Nov. 25 to increase the authorized capital from 75.000 to 150,000 shares of no par value common stock and to increase the number of directors. The purpose of the increased stock, lt is stated, is to permit the directors to vote an extra stock dividend. Net profits of the Foremost Fabrics Corporation in October were $56,493, according to an estimate by Benjamin Nathan, chairman of the board. After allowances for all charges and federal and other taxes, this was equivalent to 48 cents a share on the 100.000 shares of no par value stock outstanding. F. J. Antibus. representative In Indianapolis. of the Toledo Scale company, has received from his company the honor of appointment to the so-called Hundred Per Cent Club. This is In recognition of his outstanding succoss in business. The club has only fifty-five members in the United States and Canada. Weekly estimate of bituminous coal mined in the United States, computed by the National Coal Association from preliminary car loading reports from the railroads, shows a total for the week ended November 16 of 10,700,000 net tons. For the weeks ended Nov. 2 and Nov. 9, the United States Bureau of Mines reported the total output as 11,064,000 net lons and 11,076,000 net tons, respectively. Loss in tonnage during the week ended Nov. 16 was due. for the most part, to curtailed operation of bituminous coal mines on Monday, Armistice day. B)/ Tf-ip/j Snerial NEW YORK. Nov. 22.—Another constructive sign that basic business Os the country is being little affected by the actions of the stock market is found in the announcement of the Sterling Silversmiths Guild, representing the principal manufacturers of solid silver, that their business has not appreciably slowed down. Sales have been maintained generally at the level of last year and, with the coming of the Christmas season, are expected to increase measurably. Chrysler Corporation will mall today to its stockholders, dealers, and employes a report, just compiled, showing increases in sales, exports, manufacturing capacity, earnings and distributing facilities in the six years, ending 1929. since the first Chrvsler-built automobile appeared. The report points out that by the end of this year sales will reach a total of 1.400 000 cars valued at approximately $1,200,000,000.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank cl'c-ings Nov. 22, $3,510,000; debits, $7,609,000. CHICAGO STATEMENT Bu United pr i es CHICAGO, Nov. 21.—Bnk clearings, $132,500 000; balances. $6,300,000. NEW YORK STATEMENT B ruited re NKW YORK, Nov. 22.—Bsnk c%'"'in''s. $1,544,000,000; clearing house Ibalance, $245,000,000; federal reserve bank credit balance. $150,000 OCO. TREASURY STATEMENT •< T> I"-' ‘-IS WASHINGTON, Nov. 22.—Treasury net balance Nov. 20. was $127,559,377.90; customs receipts for the month to the same date totalled $30,379,897.55. NEW YORK COFFEE RANGE —Nov. 21— High. Low. Close. January 8.90 8.40 8.40 March 8.93 8.90 8.93 May 8.85 8.55 8.85 July 8.83 8.70 6.83 September 8.85 8.69 8.85 December 8.52 8.12 8.52

BROKER LOANS • SHOW DECREASE OF $585,000,000 High Mark of $6,804,000,000 Established on Oct. 2,1929. Bu United Press WASHINGTON, Nov. 22—Loans on stocks and bonds to brokers and dealers by reporting federal reserve member banks in New York City on Nov. 20, showed a decrease of $585,000,000 from last week’s total of $4,172,000,000 to a total of $3,587,000,000. Two weeks ago brokerage loans totaled $4,882,000,000 and three weeks ago $5,538,000,000. The record high of $6,804,000,000 was established Oct. 2, 1929. A year ago, loans stood at $5,157,132,000. Since Jan. 4 1928, when loans stood at $3,810,023,000 brokerage loans have ranged between $3,724,834,000, established on Feb. 29, 1928, and $6,804,000,000, the high record reached on Oct. 2 1929. Nov. Nov. 20. 13. Loans for own account 853 1,156 For out of town banks 704 812 For others 2,031 2,204 Totals 3,588 4,172 Demand loans constituted $3,145,000,000 of the total, against $3.720,000.000 a week ago. Times loans were $422,000,000, aganist $451,000,000 last week. Following tables shows total loans and investment and total loans of New York City member banks, together with borrowings from New York Federal Reserve bank (in nearest millions): Nov. Nov. 20 13. Loans and investments total 8.215 8,338 Loans total 6,215 6.403 Borrowings at reserve bank 33 40

DUESENBERSS HIT HIGH MARK > Sales in Three Weeks Best . in Company’s History. H. TANARUS, Ames, vice-president, today reports that Duesenberg sales in the last three weeks have been tho greatest the company ever has experienced; The Duesenberg is America’s highest priced automobile Each week since Oct. 28 has marked a climb in volume of business and the number of orders. Forty-five orders for this custombuilt car now are on hand, with pr.ces ranging from $12,500 to SIB,OOO each. This, according to Ames, is one of the best indications of the soundness of the country’s prosperity and its inherent wealth and business stability. Further indication of this is the fact that only one order for a Dueseiiberg car has been canceled in the last month.

INVESTMENT STOCKS OFFERING A GOOD YIELD AND TAX EXEMPTION TO THE * Indiana Investor * DESCRIPTION RATE MATURITY PRICE YIELD \ *%eal Estate Preferred Stocks Chamber of Commerce Building 5H% 1945 $ 95-00 €.00% Moynahan Properties Company 6H 1942 100.00 6-50 Sanderson Realty Company (Evansville)— <? 1934 99-00 6.25 Severin Realty Company 6 1944 99-00 6.10 3025 North Meridian Realty Company 5H 1944 95-20 6.00 Washington fit Illinois Realty Company 6 1946 98.00 6.19 Madam C. J. Walker Realty Company 6 1940 93.00 6.25 , t Utility and Industrial 'Preferred Stocks t Gtizens Gas Company 5 98.00 5-10 Indianapolis Power & Light Company 6H 101.00 6 43 Home Telephone & Telegraph Company (Ft. Wayne) •. 7 52.50 6.67 * Interstate Public Service Prior Lien 7 101.00 6.93 Van Camp Products Company 7 98.00 7-14 Oakley Economy Stores Company (Terre Haute) 7 1937 99-00 7-15 EASY MONEY IS PREDICTED AND SHOULD BE A j * STIMULUS TO FIXED INCOME BEARING SECURITIES j We shall he glad to mail descriptive circulars on any of the above issues' v Fletcher A merican Company with THE FLETCHER AMERICAN NATIONAL BANK Southeast Corner Market and Pennsylvania Street

PICK SITE FOR SESSION ►•**' yt v- - r \ rrt Bankers’ Association Decides on Cleveland for 1930. Bil United Press NEW YORK, Nov. 22.—The 1930 convention or the American Bankers’ Association will be held in Cleveland from Sept. 29 to Oct. 2. according to announcement by President John G. Lonsdale of St. Louis. The annual spring meeting of the executive council in 1930 will be held at Old Point Comfort, Va., from May 5 to 8.

BROKERS WILL PAY EMPLOYES EXTRA BONUSES Profits From Overwork in Stocks Crash Start Thanksgiving. Bu United Press CHICAGO, Nov. 22.—Clerks and bookkeepers in LaSalle street, Chicago’s avenue of finance, learned today that their Christmas presents this year will start rolling in as early as Thanksgiving, due to the unprecedented profits brokerage houses have made on the big market in recent weeks. Some brokers are planning double bonuses this -3ar for employes who have worked day and night keeping up with the record-breaking trading sessions on the Chicago Stock Exchange. The first bonus will be paid on Thanksgiving clay and the second on Christmas. Hornblower & Weeks anounced a Thanksgiving bonus equal to three weeks’ salary. Many firms which have been paying liberally for overtime work and all extra expenses, such as taxi fares and meals, will give big bonuses as well. DIAMOND TRADEf HURT Wall Street Slump Curtails Business; Factories May Close. Bu United Press CAPETOWN, British South Africa, Nov. 22.—The slump in securities prices in Wall Street has curtailed so seriously the diamond trade, that many factories will be forced to close if government assistance is not forthcoming, experts here said today. The appeal >o the South African government for aid said that the factories recently have been cutting fairly large stones, and that it was feared they would be very difficult to sell.

Local Wagon Wheat

City grain elevators are paving $1.13 for No. 2 fed wheat and sl.lO for No. 2 hard wheat.

NOV. 22, 1929

OPTIMISM IS j WALL STREET'S RULING SPIRIT Easy Money and Rediscount Rate Slash Clarify Situation. BY RICHARD L. GRIDLEY I’nltf! Frvv* Financial Editor NEW YORK, Nov. 22.—Highly optimistic business reports continue to pour into Wall street in an endless stream as the financial stituation rapidly is being clarified by % return to normal on the Stock Exchange, reduction of the Bank of England dediscount rate, a phenomenal decrease in brokerage loans and decidedly easy conditions in the money market. Perhaps the most constructive development in the businer* situation since the stock market break was the announcement Thursday night that Henry Ford, largest individual manufacturer in the country, had decided upon a general wage increase in his plants, affecting approximately 90 per cent of his employes. Leaders Exchange Opinions Ford’s statement was the outcome of the business conference being held at the White House, in which leading manufacturers and railroad executives have exchanged opinions with the chief executive. Other business heads at the conference agreed to hold present wages at prevailing levels at least. Such action by Ford should restore confidence in the business outlook more than any other possible development, according to experienced observers, and partly should offset aggregate public purchasing power wiped out in thji stock market decline. This action also was accepted as virtual proof that the nation is entering on another era of outstanding prosperity. Money at Low Levels Equally important developments in the credit situation were announced overnight. Loans to broker's as compiled by the federal reserve system fell to the lowest levels in two years, following another decrease of $585,000,000 during the last week in collateral loans. This brought the total to $3,587,000,000, a decline of $3,217,000 in the last seven weeks. This phenomenal reduction in brokerage loans has been accomplished with minimum effect on business and has resulted in money rates at this center declining to the lowest levels in nearly two years. In addition, the feeling is growing in Wall Street that the local federal reserve bank again will decrease Its rediscount rate within tho next few weeks. It also is understood that reductions shortly will be inaugurated at other reserve centers in the near future.