Indianapolis Times, Volume 41, Number 171, Indianapolis, Marion County, 27 November 1929 — Page 11
(N0V727, 1929_
HODS STEADY ' I TO 20 GENTS UPJTYARDS Lightweights Unchanged; Best Prices Paid for Heavy Classes. 20. $9.20i 9.25 *9.35 10.000 20 9.20% 9.25 9 35 10.000 21. 9.20 w 9.25 9.35 8,000 22 . 9.40 9.55 6,000 23 9 40 9.50 6.000 25 . 9 20 9.25 11.50* 26. 9.10 9 15 10.000 27 . 9.35 9.40 5,000 Hog prices were mostly 20 cents higher today on weights over 160 pounds, at the local stockyards. The bulk, 160 to 300 pounds, were selling at $9.35. Underweights held unchanged, a lew butchers sold at $940. Receipts were estimated at 5.000: holdovers 512. Cattle slow and scarce, with indications pointing to a steady market; slaughter classes uneven. Vealers sold at Tuesday’s best prices, at $15.50 down. Sheep and lambs were strong to steady, with good and choice grade of lambs selling at $12.50 down; top prices sold at $12.75. Chicago hog receipts 21,000, including 10,000 directs; holdovers 8,000. Early bids and a few sales were 10 to 20 cents higher than Tuesday’s average; $9.25 bid on 240 to 270-pound weights; $9 to $9.10 on several loads of 180 to 210-pound weights. Cattle receipts, 13,000; sheep, 14,000. —no*v— Receipts, 5.000; market higher. 300 lbs. and up $ 9.25f1> 9.35 250-300 !bs 9.35(4 9.40 225-250 lbs 9.35 200-225 lbs 9.35 360-200 lbs 9.35 130-160 lbs 8.50/® 9.00 90-130 lbs 8.004) 8.25 Packing sows 7.75f;t 8.75 —Cattle— Receipts. 500; market, steady. 200 lbs. and up . $ 9.25® 9.45 Beef steers, i.IOO-1.500 lbs.. good and choice 11.50® 15.00 Common and medium [email protected] Beef steers. 1,100 lbs. down, good and choice 11.75® 15.25 Common and medium 8.50® 11.75 Heifers. 850 lbs. down, good and choice 12.76® 15.00 Common and medium 8.004/12.75 Cows B.oo® 9.50 Common and medium 6.25® 8.00 Lower cutter and cutter 4.50® 6.25 Stocker and feeder steers, good and choice [email protected] Common and medium 7.00® 9.00 —Veals— Receipts, 400; market, steady. Medium and choice [email protected] Cull and common 7.00® 13.00 —SheepReceipts, 500; market, steady. Lambs, good and choice $12,004/12.75 Common and medium 10.004612.00 F.wes. medium to choice 10.00® 11.75 Cull and common 3.50® 5.50 Other Livestock Bu United I'rest CHICAGO. Nov. 27.—Hogs—Receipts. 22,000; including 10,000 direct; market mostly 15® 25c higher; top. $9.30; bulk good to choice 190-300 lb. weights. $9.10 *(9.25: 150-180 lb. averages. $8.60® 9.10: packing sows. *B® 8.50: butchers, medium to choice. 250-350 lbs., 58.75C/19.30; 200250 lbs.. $9®9.30: 160-200 lbs.. $8.75469.25; 130-160 lbs., $8,254(9.15; packing sows. $8 <i‘ 8.50; pigs medium to choice, 90-130 lbs., sß® 8.65. Cattle —Receipts, 13.000. Calves —Receipts, 2,500: active trade on light yearlings and better grade yearlings; firucticallv all grades steers scaling 1,050 b. downward getting action; very slow and weak on medium weights and weighty steers; xriy top yearlings, $15.35; slaghter classes, steers, good to choice, 1,300-1.500 lbs. sl2® 14,50; 1,100-1,300 lbs . I sl2® 15.50; 950-1.100 lbs.. $12.25® 15.50; acommon and medium 850 lbs. up, SB'u 12.25; led yearlings good to choice. $7.50 ®9.50: sl3® 15.75; heifers, good to choice. 850 lbs. down, $12.50® 15; common and medium. $7.25® 12.50; cows, good to choice. $7.254/If); common and medium, s6</i7.50; low cutter and cutter. $4.50® 6; bulls good to choice beef. $8,754/10: cutter to medium $6.50® 9.25; vealers milk fed, good to choice. $135/15.50: medium. sll4/13; cull and common. s7® 11; stocker and feeder steers, good to choice all weights. $10.25 6/11: common and medium, $7,504/9.75. Sheep -Receipts. 14,000; market barely active. stendv; bulk id. fat lambs, $12.75'/ 13; (op to outsiders, $13.25: fat ewes. $5.25 4/ 5.75: good to choice feeding lambs, $12.25; lambs, good to choice. 92 lbs. down. $12.50//"13.35; medium. sll4/12.50; cull to common, s9® 11; cwes 4 medium to choice. 150 lbs. down' $4.50®6; cull and common. $2.25® 4.75; feeder lambs, good to choice, $11,754/ 12.75. iiV/ Timex Special LOUISVILLE, Ky.. Nov. 27.—Hogs—Receipts, 500; marke 30c higher- 175-300 lbs.. $9.33: 300 lbs. up. 58.75; 130-175 lbs., $8.75; 130 lbs. down. $7.40; roughs. $7.40; stags, $6.80. Cattle—Receipts. 200; market steady; prime heavy steers. 114/112.50; heavy shipping steers. $9.50® 11; medium and plain steers. $7.50® 9; fat heifefs. $7 (fill; good to choice cows. $6,504/8.50; medium to good cows. $5.50®6 50; cutters, $5.24/4/5.50: conners, $44/5; bulls, 55.50®8; feeders, SB4/10.50; Stockers. $74610.25. Calves—Receipts. 200; market steady; fancy calves. $13.50: good to choice, 510.50 6/13: medium to good. [email protected]: outs. $7.50 down. Sheep—Receipts. 50: market steady; ewes and wethers. $11.50; buck lambs. $lO 50; seconds, Ss@'7: sheep. $4 4/ 6. Tuesday’r .ftipments: Cattle. 142; calves, none; 158: sheep, none; no market. P Ini fed Press FT. WATf’/E. Ind.. Nov. 27.—Cattle—Receipts. 50; calves. 50: hogs. 400: sheep, 100: bog oarket 256/30c up; 180-275 lbs., $9.25'// 9.35; 275-350 lbs., $9.25; lights. $96/. 9.10 pigs. $8.25'/8 50: roughs. $8; stags, $5.50; calves, $15.50: lambs, sl2. P:i United Press CLEVELAND. Nov. 27.—Hogs—Receipts. 1.500 holdovers, none: steady to 25c higher bulk. 160-275 lbs., $9.60: 150 lbs. down. 594.-9.15: rough sows. $7.75: stags. $6. Cattle—Recripts. 500: brief holiday run rspected; steady to 25c lower; steers and heifers. $8.25® 10 65. according to kind: fat cows mostly $7/./8: cutter grades, $46/6.25. Calves —Receipts. 350 better grades steady, others slow; good and choice vealers. sl7/17.50; common and medium, $11.50®16; culls down to $lO and under. Sheep—Receipts. 1.100; lambs strong to 25c higher; bulk. $13.25® 13.50; top, $13.75; medium throwouts, slo® 11; fat ewes steady. $6 down. Pu 1 r'rd rrrxx PITTSBURGH. Nov. 27.—Hogs Receipts. 1,000: market active. 10/(lsc higher: :eO-250 lbs.. $9 706/9.75; 260-325 lbs. S9 35/./9.65: 100-130 lbs., $94/ 9.25: rough sows, SB4/8.50. Cattle—None. Calves —Receipts. 150: market steady: tep vealers. Sl7; heavies, $lO4/ 15. Sheep—Receipts. 600: market fully steady; bulk handv weight lambs, [email protected]; fat ewes, $5.0.6.50. Pu United Press EAST BUFFALO. N. Y.. Nov. 26. Hc-s Receipts. 1.000: holdovers. 400: active to shippers, generally 10c higher; bulk. 150-250 lbs.. $9.75: 120-140 lbs., $9 35 4; 9fP packing sows, $8,104/8.60. Cattle - Receipts. 225: steers and heifers unchanged: cows fairlv active and steady: cutter grades. $3,754/6 25. Calves Receipts. 100: vealers. weak to 50c lower. sl7 50 down Sheep--Receipts. 400: lat lambs 25c higher: others about steady: good to rhoiee. $13.50'-. 13.75: medium and strong weights. sll @12.50; common. slo® 10.50. Pu United Prex* CINCINNATI. Nov. 27.—Hogs—Receipts. 2.000: holdovers. 315: mostly 25c higher; • pots on 30c: closing slow, bulk and choice 180 to 300 lbs .S9 504/9.65: top paid freely, desirable 130 to 170 lbs.. $9;/9.25; pigs $0 to 120 lbs.. $8 /8.75: bulk sows. $7.75 : 8: best. $8.25. Cattle—Receipts. 300. Calves- Receipts. 150: steady, scattered <aies. sl2 down: beef cows. $6,504/8.50; low- cutters and cutters. $4.75® 6; bulk bulls. $6,754/8.50. veals steagv; larger top sls 50: bulk. sl2® 15. Sheep-Receipts. 800: steadv good and choice light Ismbs. $12.50 / 13; heavies over 90 lbs.. sll® 12: throwouts and bucks. s9@ 10; handvweight ewes, 55®5.50. Bn UniteA Pr. * TOLEDO. Nov. 27. —Hogs—Receipts. 450; market. 10-20 e higher; heavies. $94/9.25; medtams. $9 20-/9.40; vorkers. $94/9.25: p:gV*tt 50-/8.75. Cattle—Receipts, 100: market flow. Calves—ReceiDts. light; market, steady; sheep and lambs receipts, light: market, strong. NEW YORK COFFEE RANGE —Nov. 26 High Low Close January ................ 863 863 863 March 8 95 8.63 8 63 May 870 850 850 Ju'.T 1.75 8 50 8 50 September L7P 8.44 844 December 8.98 8 73 8.73
New York Stocks (By Thomson Sc McKinnon >
—Nor. 27 Prev. Railroads— High Low 12 M. close Atchison 222', 3 219® 222® 220 Atl Coast Line. . 178'2 178 178® 17® Balt Sc 0hi0.... 117 1 2 116 ft/ 116'* 115-'* Canadian Pac.. 199® 198 7 * 199® 200 Chz-sa Sc Ohio.. 199 196'. 198 197® Chesa Corp 60 59® 60 59% Baldwin 28 25® 27® 27% Cht Sc N West.. 88® 88 88V* 87® Chi Grt West.. 10 914 10 10 ICRI&P 118% Del Sc Hudson ..165® 165'/* 165® 168 Del Sc Lacka .. .. ... ... 151 Erie 55 53% 55 54% Erie Ist pfd 63® 63® 63® 64 Grt Nor ® 30® 30® 30% 111 Central ... ... 131 Lehigh Valley . . 63 68 68 68% Kan City South 78% 78% 78% 81 Lou Sc Nash ....131 131 131 131 Minn S L .. ... 178 MK & T 37% 36% 37% 37 Mo Pac pfd 124 s , 124'. 124% 124% ;N Y Central ...176 174® 175® 175 N Y C & St L 128% NY NH * H ....111 110% 110% 111 Nor Pacific 91 90% 90% 90% Norfolk Sc West.23o 230 230 231 O Ac W 13% 13% 13% 13% Pennsylvania ... 84® 84% 34% 83% P Ac W Va 92 Reading ... ... 120 Seab’d Air LI.. 11% 11% 11% 12 .Southern Rv 135% 134% 137"* 134% Southern Pac.. 118 117% 117% 118 St Paul 22 7 * 22% 22% 22% St Paul pfd 40% 38% 40% 38% St L Ac S W .. 61% 60® 61% 61% St LAc S F 11l 110% 110% 112 Union Pacific.. .224% 220® 224% 220 West Maryland 18% Wabash ... ... 41% West Pac 20 20 20 19% Rubbers— Ajax 2% Fisk 4% 4% 4% 4% Goodrich 45® 45'* 45% 45'% Goodyear 66% 66% 66% 67 Kelly-Spgfld 4% 4-% 4% 4% Lee 7 United States... 26 26 26 27 Equipments— Am Car & Fdy 86 Am Locomotive. .110 110 110 103% Am Steel Fd ... 49 Am Air Brake Sh 47® 47® 47® 49 Man Elec Sup . 21® 21 21V* 22% General Elec... 214% 207% 214% 203% Gen Ry Signal... 87% 87% 87% 86® Gen Am Tank .. 91% 90% 91% 89% N Y Air Brake.. 43 42% 42'® 42 Pressed Stl Car. 9% 9% 9% 10 Pullman 80® 80% 80® 80% Westlngh Air B 47 46% 46% 46% Westlngh Elec ..133% 128% 133'% 130 Steels— Am Roll Mills .. 79 78% 78% 79 Bethlehem 89% 88'/* 89'® 88 Colorado Fuel .. 32'® 31% 32'® 32% Crucible 77% Gulf States Stl 48 Inland Steel ... 74% 74% 74% 75 Otis 32 32 32 31® Rep Iron & Stl.. 72 72 72 72 Ludlum 29® 29® 29',2 29® Newton 48 U S Steel 163 161® 16% 163% Alloy 34 33% 34 33% Warren Fdy ... 23% 22® 23Vi 22'® Youngstwn Stl 106 Vanadium Corp. 52% 51® 52% 50'% Motors— Am Bosch Mag. 31% 31% 31% 32% Briggs 11% 11® Hi® n% Brockway Mot.. 19% 19 19 19% Chrysler Corp 32% 31% 32 32® Eaton Axle .... 27% 27% 27% 27'/* Graham Paige . 8% 8% 8% 8% Borg Warner .. 32 7 /* 32'/* 32® 31® Gabriel Snubbrs 6'® 6% 6'® 6% General Motors. 40V* 39'® 40’ 39% Elec Stor Bat .. 76% 75® 76 74% Hudson 47% 45% 47 46 Hayes Bod Corp 8® 8® 8® 8® Hu up ... 20 20 20 20 Auburn ... ... 142 Mack Trucks .. 88% 67% 68% 68 Marmon 25 23 23 23V* Reo 11% 11® 11® 11% Gardner 4® 4® 4'% 4% Motor Wheel ... 26® Nash 51% 51% 51% 51% Packard 15'® 14% 15 15 Peerless 2 7 7 6% Pierce Arrow .. 19% 19% 19% 19V* Studebaker Cor. 45% 44% 45 44% Stew Warner .. 42 41® 41® 41® Timken Bear .. 71% 69% 71% 71% Willys Overland. 10 9% 10 9% Yellow Coach .. 11 11 11 11 White Motor 33 Mining— Am Smelt & Rfg 72 70 ® 72 70 Am Metals 41 40% 41 41% Am Zinc 10 9% 10 10 Anaconda Cop . 77® 75'/* 77% 75% Calumet Sr, Ariz. 84% 84% 84% 84% Calumet & Hecla 33 32% 33 34% Cerro de Pasco. 62 60'% 62 61 Dome Mines 7 Andes i,33 e Granby Corp ... 53® 50% 53® 52 Greene Can Cop .. 115 Gt Nor Ore 23% 23® 23% 23% Inspiration Cop. 23'% 28 28'/ 27'% Howe Sound ... 38 36® 38 36 Tnt Nickel 29 28% 29 29'%Kennecott Cop. 57% 55% 57% 57 Magma Cop ... 47 46 47 46% Miami Copper .. 27® 26',. 27® 26® Nev Cons 29% 28% 29® 29% Texas Gul Sul.. 56% 55% 56 55'% St Joe 48'% 48 448% 49 U S Smelt 36% 35V* 36® 35V* Oils— Atlantic Rfg ... 41% 40% 41 50% B:\rnsdall (A) .. 25® 25% 25'i 25% Freeport-Texas . 36 35® 35® 35 fa Houston Oil 46 44% 44% 46% Indp Oil & Gas. 24% 24'4 14® 24% Conti Oil 25% 26% 25% 25% Mid Cont Petrol. 28® 28% 28% 28‘,2 l.ago Oil & Tr.. 22% 22% 22% 22% Pan-A.m Pet 8... 61 60 61 61% Phillips Petrol .. 37% 36% 37% 37 Prairie Oil 55® 55% 55® 56® Union of Cal 44% Praire Pipe .... 58% 58% 58% 58% Pure Oil 23%. 22% 23'2 25 Royal Dutch ... 53% 52% 53% 52% Richfield 28% 28% 28V* 29 Shell 23% 23'® 23% 23% Simms Petrol ... ... 22V* Sinclair Oil 26% 26% 28% 26% Skellv Oil 33 33 33 33 Sid Oil Ca! 62% 61V* 61% 61% St. Oil N J .... 63% 62® 63® 63% std Oil N Y .... 35® 35% 35® 35® Tidewater 13',2 13% 13® 13'® Texas Corp .... 55% 54% 55% 55® Texas CScO .. 11® 11® 11® 11% Transcontl 9 8% 8% 9 White Eagle 29 29 29 23V* Industrials— Adv Rumley ... 21 Allis Chalmers.. 46® 44 46® 44® Allied Chemical.242® 242 242'® 241 A M Byers 69 66% 69 67 Armour A 6% 6V* 6® 6% Araer Can 114% 110% 114'* ... Am Rolling Mill 79 Alleghancy Corp _ 22% Am Safety Raz.. 57% 56% 57% ST® Am Ice ... ... 37% Am Wool 8% 8® 8® 8% Assd Dry Goods 35 34% 34% 36 Bon Alum 4040 40 39'® Coco Cola 122% 122% 122% 121 Conti Can 51% 50® 51 51® Csrtainteed .... 14 14 14 13% Crorlev 18® 18® 18® 19% Congoieum 13® 13® 13® 13® Curtiss 8 7% 7% B'® Davidson Chem. 28® 28 28 28 Dunont 112 110® 112 110® Famous Players.. 49® 48® 49® 49 Gen Asphalt ... 50% 50% 50% 50% Fox A 50% 58% 60% 60% Gold Dust 40' 4 39% 40% 40 Glidden 35% 33% 35® 35 Lit Harvester .. 81 77% 80V* (9% Kelvlnator 9 9 9 9% Lambert 99% Loews 48 45% 46'® 46% May Stores ..... ■• • . Keister 6% 6% 6% f Montgom Ward. 57 55% ... 5a i Natl C R 78% 75% 78% 75® Radio Keith ... 17 16® 1/ 16%
Eggs (county run) —Loss off delivered in Indianapolis. 38c; henery quality. 56c; No. 1. 46c; No. 2. 30c. Poultry (buying prices)—Hens weighing 4 ; 2 lbs. or over. 22c: under 4’, 2 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, young 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. 12c: guineas. 3oc a lb. These prices are for No. 1 top quality. 48c; poultry quoted by Kingan & Cos. Butter iwholesalel—No. 1 44@45c: No 2. 42® 43c. Butterfat—4o(VT4lc. Cheese (wholesale selling price pet ooundi—American loaf. 35c: pimento loaf. 37c- Wisconsin firsts 27c: Longhorn. 27c’ New York limberger. 30c. Bv I nilrd PrrKK „ . . CHICAGO. Nov. 27. —“Eggs—Market, steady; receipts 1.871 cases; extra firsts. 51 hs3c.’ Poultry—Market, steady: receipts 5 cars: fowls. 2‘.c: springers. 22c: Leghorns. 18c: ducks. 16c; geese. 17c; turkevs. 23 •! 29c: roosters. 18c. Cheese —Twins, 21 1 j• (•22c. Young Americas. 2:c. Potaioes — O.i track 301: arrivals. 67: shipments. 623: market, about steady; Wisconsin sacked round whites $2.30® 2.50: Minnesota and North Dakota sacked round whites. S2 20 ./2.30; Minnesota and North Dakota Red River Ohios. *2.20® 2.45; Idaho sacked Russets, $2.60®3. Bu T'nited Prof NEW YORK. Nov. 27—Flour—Dull and unchanged; spring patents $6.25® 6.70. Pork —Firm: mess. $28.50. Lard—Steady; middle west spot. $10.904111. Tallow Quiet: special to extra. 7 5 8 ®7 T sC. Potato'":- Dull and week: Long Island. $2.7541 6 35: Maine. $3.85 '4.85; Bermuda. $7 V 14. Sweet potatoes—Steady; southern, br'ke 75c'■( $1.30; Southern, barrels. $2.25® 3; Jersey. 6004(52 15 basket. Dressed poultry civ to firm: turkevs 22® 40c; chickens. 21® 36c: capons, 30 7 40c; fowls. 20® 33: ducks. 16®28c; ducks. Lone Island. 23® 27c. Live puoltry—Steady to firm: geese. 14i 2Sc: ducks. 16® 28c: fowls. 18 </ 33c: turkevs. 20® 28c: roosters. 20ff22e: chickens 20 u 28c: broilers. 20® 38c. Cheese —Quiet: state whole milk, fanev to special. 26@25 , 2 c; Young America, 23®25c. Bit T'nitfd Press CIEv cl?. AND. Nov. 27.—Blitter—Extras. ICc: extra firsts. 44 -/ 45c: seconds. 35 ■/36c. E::s —Extras. 56c: firsts. 47c Poultry— Fowls. 26 i 28c: medium. 20® 22c: springers. 25c. Leghorns. Leghorn springers. 20c. ducks. 204. 22c: turkeys. 30':33c: old cocks. 18c: geese. 20® 22c. ' Potatoe - Ohio and New York. $3 854(3 90 per 150Ib. sack: Maine Green Mountain. $4 256/ 4'o per 150-lb. sack: Idaho Russet. s4'425 per 100-lb. sack: home grown, $1.50 ®T.6O per bushel sack.
I Owens Bottle ... 53 53 53 54 Radio Corp .... 34% 32% 34 33® Real Silk 46% 44% 46% 47 j Rem Rand 28% 27® 28% 27 4 Sears Roebuck.. 95% 93 94 95® 'Union Carbide.. 77% 75% 77® 78 Warner 8r05.... 43® 42% 43 1 43-* Un Air raft 40% 38 % 40% 41% Unlv Pipe ... . • • *, U3Cs Xr Pipe.. 19® 19% 19® 19® U S Indus Alco 138% 134® 138% 138® Worthington Pu 71 68 71 70® Woolworth C 0... 78 73® 78 75% Utilities— Am Tel Sc Tel ..222 217® 221 219 Am Pr & Lt... 81 79% 81 80% Eng Pub Serv 39 38'® 39 38% Am For Power.. 72'® 68% 72% 69 Am Wat Wks... 79 76',a 78® 77® Gen Pub Serv.. 32% 31% 32% 31% Col G& E 70% 68% 70% 68® Consol Gas 96% 95V* 96% 97 E'.ec Pow Sc Lt 41% 40 40® 39® Int T Sc T 70% 67® 70 68® Nor Am Cos 88'® 87 87% 88® Pac Light 72 71 72 73% Pub Serv N J.. 77® 76'® 77'® 77® So Cal Edison.. 55 55 55 55 Std GliS & E1..110% 107 , 110% 106% United Corp 30 ZB'/s 30 28® Utilites Fower... 31% 31 31% 31® United G & Imp 29% 29% 29% 29% West Union Tel 180 178 180 180 Shipping— Am Inti Corp.. 39% 38 39% 37® Am Ship & Com ~ 1® Atl Gulf &W I 72% 72 72% 71% Inti Mer M pfd 26 United Fruit ...110 107% 109 109® Foods— Am Sug Rfg.... 61 60 61 60% Cudhain 43® 43‘® 43® 6/® Beechnut Pkg *4 California Pkg.. .. ... ... 69® Canada Dry ... 63% 63% 63% 65 Corn Products.. 87 87 87 87 Cont Bak A 37% 37% 37% 36® Cuban Am Sug.. 8 8 8 7% Hershey 70 Grand Union , .... .... 13 Jewel Tea 45% 45 % 45% 45® Kraft Cheese... 36 35'® 35® 35% Kroger 49% 49 49% 50% Loose-Wiles .... 51% 50ffe 51% 50 Natl Biscuit ....178 178 178 178% Natl Dairy ..... 51% 50% 51% 50% Gen Foods 49% 48% 49% 50*® Taft . ...... 4% 4® 4® 4% Stand Brands.. 27% 26% z 27% 27 Ward Baking 36% 6% 6% ... Tobaccos — Am Surrtra 24% 24% 24% 24® Am Tob B 196 196 196 201 Con Cigars 47® General Cigar.. .. ... ..... 53 Lig & Meyers... 89% 89® 89% 89 Lorillard 171® 17% 17® 17® R J Reynolds... 46% 45% 46% 45® Tob Products B 4% 4% 4 7 ® 4% United Cigar St 5% Schulte Ret Strs 8 8 8 8
Ml BILLIONS TO BE SPENT, SURVEYSHOWS Building and Improvement Figures Are Compiled From Statements. BY RICHARD L. GRIDLEY United Press Financial Editor NEW YORK, Nov. 27.—New construction and improvement programs in the United States during the coming year will aggregate more than $9,000,000,000, divided among industrial, public utility, railroad and state and municipal programs, according to a survey by the United Press. These figures were compiled from statements of Governors, industrial leaders and railroad executives, following President Hoover’s series of business and economic conferences at the White House. Asa result the nation is facing the greatest building program in its history in 1930. Next year’s construction program is estimated as follows: Industrial corporations, $3,500,000,000; public utility, $2,000 000,000; state and municipal, $1,291,800,000; railroad, sl,250.000,000, and federal government, $750,000,000. Total, $9,421,800,000. In addition to the programs already announced, a number of incompleted projects might be undertaken within the coming year, which would swell the construction total to more than $10,000,000,000. American Telephone and Telegraph is listed as the largest spender, the company stating that the Bell system would authorize a total of $700,000,000 for construction throughout the country. The state of New York is estimated to spend $250,000 0?0. the Pennsylvania railroad $200,000,000, and the federal government not far under $1,000.000,000. The state of Illinois will spend $114,000,000. Indianapolis Stocks —Nov. 27Bid. Ask. A.mer Cent Life Ins Cos 800 Belt R R Sc S Yds Cos com... 59'® 63® Belt R R & S Yc/s Cos pfd 54 60 Central Ind Pow Cos pfd 88 93 Circle Theater Cos com 105 Cities Service Cos com 28 Cities Service Cos pfd 90 Citizens Gas Cos com 34 42 Citizens Gas Cos pfd 94 ... Commonwealth Loan Cos pfd.. 97 Equitable Secur Cos com 96® ... Hook Drug Cos common 44 45 Indiana Hotel Cos Clavpol c0m.125 - ... Indiana Hotel Cos pfd 100 Indpls Gas Cos common 56 Indpls Pow & Lt Cos pfd 99 100® Indpls Pub Welf L Asn c0m.... 51 Indpls St Rlwy Cos pfd 27 30'® xndpls Water Cos pfd 94 Interst Pub Serv Cos pr 11 pfd 98 101 Merch Pub Utilities Cos pfd.... 100 Metro Loan Cos 97 North Ind Pub Serv Cos pfd. . 91 100 Northern Ind Serv Cos pfd 7 To 99 Progress L-ndrv Cos com 45 ... E Rauh & Sons Fertil Cos pfd 50 Real Silk Hosiery Cos pfd 90 Stand Oil Cos of Indiana 53 54 T H Indpls & Est. Tr Cos pfd.. 7 Ter Haute Tr & Lt Cos pfd... 80 ... Union Xitel Cos com 50 Van Camp Products Cos Ist pfd 98 ... . Com Loan Cos pfd 7® §6® ... Bobb’s Merrill 31 36 Shareholders Invest Cos ...... 25® 28Vi —Sales— Shares Commonwealth Loan Cos pfd 7®.. 100/96® Hook Drug Cos com 25@45 —Bonds— Bid. Ask. B R R Sc Stks Yds Cos 4s 85 Bd Rip Trac Cos 5s 60 Cent Ind Gas Cos 5s 95 Cent Ind Pow Cos 6s 96 Citizens Gas Cos 5s 98'® 101 Citizens Street Railroad 55.... 47 52 Gary Street Ry Ist 5s 70 ... Home T & T of Ft Wayne 65.. 99 Indiana Hotel Cos 5s 96 Ind Northern Trac Cos 5s 3 ... Ind Railway & Light Cos 55... 95 Indiana Service Corpn 55A... 85 Indpls Pow & L.ght Cos 5s .... 96 97',a Indiana Union Trac Cos 55.... 3 Indpls Col Sc So Trac 65.... 95 Indpls Gas Cos 5s 97® ... Indpls Sc Martinsville Tr Cos 5s 12 Indpls No Trac Cos 5s 9 14 Indpls Street Rv 4s 45 50 Indpls Trac Sc Term Cos 55.... 91 93® Indpls Union Ry 5s 98® 100 Indpls Water Cos s®s 100 Indpls Water Cos s®s 100 Indpls Water Cos lien Sc ref Ist 92 Indpls Water Cos 4',s 89 92 Indpls Water Wks Sec Cos 55... 80 Interstate Pub Serv Cos 4®s ...101 Interstate Pub Serv Cos 55.... 93 Pub Serv Cos B 6®5,101 No Ind Teleph Cos 6s 97 99® Ter H-/ Indp's & Estn Tr Cos 5s 52 Ter Hte Tr & Li Cos 5s 86 91 Union Tr of Ind Cos 6s 13 No Ind Tclcph Cos 6®s Cs® 99® GOVERNORS WILL SPEAK Executives of Three States Slated . for Fair Session Talks. Three state Governors, Harry G. Leslie, Indiana; Fred W. Green, Michigan, and Meyers Cooper, Ohio, will address the State Association of County and District Fairs at its annual meeting Jan. 7 at the Clavpcol Members will be elected to the Indiana board of agriculture at a delegate conference in the house of representatives, state capitol, the following day.
THE INDIANAPOIISTIMES
STOCKS TURN HIGHER AFTER WEAK OPENING Utility Companies to Spend Two Billions to Make Improvements. Average Stock Prices Average of twenty industri*-® for Tuesday was 335.35. off 6.09. ♦ verage of twenty rails was 145.60, off 1.93. Average of forty bonds was 93.89 up .05. Bn United Press NEW YORK, Nov. 27.—Pledge of huge sums for new construction and improvements in 1930 by utility companies was considered bullish for the stock market and prices turned upward sharply after a lower opening and irregularity in early trading. Before the noon hour had been reached the list was up 1 to 5 points, whereas in the early trading prices ranged from gains of 2 points to losses of more than 3 points. Dealings continued light, how•ever, due to the impending fourday holiday beginning Thursday. Trading in the first half-hour amounted to 365,300 shares, against 310,300 in the same period Tuesday and 556,000 Monday. According to a United Press survey, utility companies will spend in excess of $2,000,000,000 in the coming year for improvements. Stocks Carried Higher The effect on the stock market was Electric. Utility shares were carried up several points from early lows to net gains of 1 to 4 points. American and Foreign Power rose more than 2 points; American Telephone jumped 5 from the opening to above, 222; International Telephone rose 2% net, and others made proportionate gains. Copper stocks whose companies would benefit from expansion by utilites firmed up after their sharp declines of the last two days on fears of price reductions. Anaconda was up more than 2 points and substantial gains were made by others of the group. General Electric was a feature of the advance. After touching a low of 207 3 4, the stock shot up to 214, where it was up 5% points from the previous close. Its business is electrical equipment, and it would also profit handsomely from additional orders from utility companies. Expenditure of around $9,000,000,000 in all forms of construction work has been pledged so far, including railroad equipment, public buildings and the like. This would mean heavy employment throughout the country in the building trades electrical equipment work and similar lines. Mail Shares in Demand Hence the purchasing power of labor would be enhanced. On such assumption traders bid up prices of mercantile stocks. Mail order shares were in demand after early irregularity. Amusements also were taken. This advance in the utilities and stocks that would profit from their vast expenditures obscured for a time advancing tendencies in the leading industrial issues. United States Steel, which was selling ex-dividend $2.75, rose 3 points to 162%, a price equivalent to 16512, without deducting the dividend. American Can rose 3!4 points to 113%; Radio, % to 34; New York Central rose a point to 176. Call money renewed at 4® per cent and was in fair supply at that figure. The average renewal rate for call funds on the Stock Exchange for November was 5.38 per cent, the lowest since April, 1928.
Banks and Exchange
INDIANAPOLIS STATEMENT Indiananolis bank clearings, Nov. 27, $3,375,000; debits, 57.1U.000. CHICAGO STATEMENT Bit United Press , . CHICAGO, Nov. 27.—Bank clearings $102,300,000; balances. $8,800,000. NEW YORK STATEMENT Bu United Press _ , NEW YORK. Nov. 27.—Bank clearings $1 389.000.0Q0 clearing house balance $252,000.000. federal reserve bank credit balance $149,000,000. TREASURY STATEMENT Nov. 27.—The treasury balance Nov. 25. $129,616,890.82, custom receipts for the month of Nov. 25, totalled $38,846,547.81. Local Wagon Wheat City grain elevators are paying $1.15 for No. 2 red wheat and $1.12 for No. 2 hard wheat. PURDUE HEAD IS GUEST Phi Kappa Psi to Give Annual Thanksgiving Dinner. A capacity crowd is expected to attend the thirty-sixth annual Thanksgiving eve banquet of Phi Kappa Psi tonight at 6:30 at the Claypool. Dr. Edward C. Elliott, president of Purdue university; Thomas Cookson, assistant bursar of Indiana university, and Lawrence H. Whiting, Chicago banker, are the invited guests. Silas J. Reagan, president of the fraternity's local alumni association, and James H. Ruddell, secretary of the association, are in charge of tonight’s dinner. Walter P. Pfaff is toastmaster. OFFICER SHOOTS NEGRO Quarrel Over Price of Loaf of Bread Leads to Trouble. Bv United Press VALPARAISO, Ind., Nov. 27.—A shot fired by Otto Blake, Porter county deputy sheriff, inflicted serious injuries upon Henry Bennett, Negro, said to have resisted arrest. Bennett, while allegedly drunk, quarreled with Arthur Richardson, storekeeper, over the price of a loaf of bread, and snapped a revolver; the gun failed to fire. Blake shot the Negro through the arm and left side.
Business — and — Finance
Stockholders of Noblltt-Sparks Industries. Inc., in special meeting, Monday, voted to increase the authorized capital of the company from 75.000 to 150,009 shares. Following this action the directors declared a sJock dividend of 6 per cent for one year, payable quarterly at the same time as the regular cash dividend of 75 cents per share. These dividends will be paid Jan. 2 to stockholders of record, Dec. 20. Directors of the International Match Corporation at a meeting held today voted a 25 per cent increase In the dividend rate on the participating preference and common stocks, thus putting both on a $4 annua] basis. The increase reflects the steady growth in earnings in recent years, during which the company has co-oper-ated with the Swedish Match Company and Krueger Sc Toll Company In the worjd wide expansion of the organization’s influence in the match industry. The most recent development was the arrangement for a major participation by this group of companies in the German match concession for a long term of years. AUBURN, Ind,, Nov. 87.—An expansion program by Auburn that involves the outlay of more than $8,506,000 will be completed by March 1. 1930, E. L. Cord, president, announced today. The program involves new buildings, machinery and other equipment and will Increase the production facilities of the company fully 50 per cent. Cord said. Approximately 60 per cent of the program has been completed In the last ten months and the company will rush the remainder through to completion by early spring, the Auburn official said. Production capacity or the Central Body Company at Connersville, Ind., will be practically doubled, bringing Sroduction of this company up to 400 odies daily. Floor space of the factory will be greatly enlarged and thousands of dollars in new equipment such as cranes, presses, dies, etc., are to be installed. Work has already begun on these additions. Net earnings of the Lion Oil Refining Company, for the year ending Dec. 31. will double those of 1928, T. H. Barton, president, predicts. “Our 1929 net income, after all charges including federal taxes, will be around $1,215,000 or $4.50 a share on 270,000 common shares outstanding. This compares with a net income of $501,339 or $2 a share on 250,000 shares in 1928,” Barton said. The large Increase Jn earnings Os Real Silk Hosiery Mills, Inc., reflected in the profit statement for the third quarter and nine months recently issued, was accomplished almost entirely through a reduction of expense and increased manufacturing efficiency, according to a statement made today by Porter M. Farrell, president of the company. Farrell said that the economies that have been effected through manufacturing efficiency have resulted in a reduction in cost of 35 to 40 cents per dozen in the company’s hosiery line, Borln-Vlvitone Corporation today announced that Its Los Angeles plant has been completed and that a number of large orders have been obtained from chain store operators on the coast. National Dollar Stores, Baker Dollar Stores and Clark Dollar Stores, all important chain store merchandisers, have placed initial orders with the Borin Los Angeles plant and a satisfactory completion of negotiations with other similar concerns is under way. Revealing a policy of “full steam ahead” and faith in the economic conditions prevailing throughout the nation, Paul Shoup. president of the Southern Pacific, todayannounced that the Pacific lines of his company contemplated new investment expenditures of more than $50,000,000 during the coming year and that within the next ten days the company would place a $5,000,000 order for 120,789 tons of steel rail for 1930 delivery.
CLEMENCY GRANTED Mrs. Krause Remanded to Care of Friend. Mrs. Marilyn Suzanne Krause, 3445 North Capitol avenue, will not be penalized for an alleged hatchet attack several weeks ago on a Negro employe of the city dog pound who sought to remove her pet dogs and cats to the pound. Criminal Judge James A. Collins today heard pleas of Charles W. Jewett, former mayor, and Dr. Mary Condor, superintendent of the pound, for clemency for Mrs. Krause on trial of assault and battery with intent to kill, and then remanded her to the care of a friend, Mrs. Edna Green, 2927 Boulevard place. She will live with Mrs. Green, and her pets will reside in the pound, until a place is found where she may care for them without annoyance to neighbors, Judge Collins ruled. In the Stocks Market (By Thomson Sc McKinnon! NEW YORK, Nov. 27.—From the standpoint of the security markets as well as the outlook for business, pessimism was undoubtedly most prevalent during the week when stock prices were making their extreme lows, yet the latest railroad carloading report covering this period shows a falling off of only slightly more than 5 per cent. Curtailment in the steel industry, too, has been very slight and largely the result of seasonal contraction. Considering all conditions we feel that we have witnessed a discounting process which according to past experience has been overdone. In previous panicky periods corporation executives have pursued a policy directly opposite to that which is now being followed, namely conservation of cash resources, whereas now we find r more liberal dividend policy being inaugurated by many companies. Although the action of the market is at times discouraging, we must bear in mind that following such a sharp recovery as w T e have had since the culmination of the decline technical conditions within the market, rather than business fundamentals are likely to be the immediate determining factor. We still adhere to the opinion that splendid investment opportunities are offered by these reactionary periods. WOMAN TAKES POISON Mrs. Jordan in City Hospital; Motive of Act Unknown. Mrs. Rose Jordan, 47, Apt. 8, Emelie apartment, Vermont and Senate avenue, took poison in her apartment today, according to police who took her to city hospital. They were unable to learn a motive for the suicide attempt. Hospital physicians say her condition is fair. AGA KHAN TO WED AGAIN Wealthy Moslem to Marry Daughter of French Hotel Man Dec. 7. Bu United Press AIX-LES-BAINS. France, Nov. 27.—The Aga Khan, fabulously wealthy Moslem dignitary, and Mile. Marcelle Andree Carron, daughter of a French hotel man. will be married here on Dec. 7, it was disclosed today. In honor of the event, the Aga Khan will give 1,000,000 francs to the municipality.
SHORTS SEND GRAIN FUTURES TRIFLEHIGHER Spreading Operations Have Influence on World Wheat Market. Bu United Press CHICAGO. Nov. 27. Wheat prices opened unevenly on the Board of Trade here today. Liquidation in December held that month down, but the strong tone at Liverpool caused the deferred deliveries to rise. Short covering gave Liverpool strength at the opening / and near midday prices were up 1® to 1% cents. Buenos Aires opened fractionally higher and at midsession was % cent higher. Argentine news dominates the market. Corn and oats advanced with wheat futures. At the opening, wheat was % cent lower to % cent higher, com was % to 1% cents higher, and oats was % off to % cent higher. Provisions opened steady. Spreading operations are having considerable influence on the world wheat market, but the difference in the May delivery at Liverpool and at Chicago amounts to less than 8 cents. Bullish crop news and a strong, domestic cash market did not bring much buying support because of Europe’s failure to import in quantity. The movement of corn is still not as large as it is to be expected. The storage situation has improved somewhat with the movement of wheat to the east and to domestic millers. Trade In oats is running light and long supplies continue to appear on the bulge. There is some buying on resting orders which counteracts this. Chicago Grain Table —Nov. 27WHEAT— Prev. Open. High. Low. 12:00. close. Dec... 1.23 1.23® 1.22® 1.23 1.22% Mar.. 1.30® 1.31 1.30 1.30® 1.30 May.. 1.34% 1.35 1.34% 1.34% 1.34 July.. 1.34% 1.35% 1.34% 1.34% 1.34® CORN— Dec... .88® .88® .87® .87® .87® Mar.. .92% .92% .92’® .92® .92% May.. .95'/* .95% .95% .95% .94% July.. .96% 96% 96% .96% .96% OATS— Dec... .45% .46 .45% .45% .45% Mar.. .48% .48% .48% .48% .48% May.. .50% .50% .50 .50® .50 RYE— Dec... 1.03 1.03® 1.02% 1.03% 1.03% Mar.. 1.04® 1.05 1.04® 1.04% 1.05% May.. 1.04% 1.05 1.04'® 1.04% 1.04% LARD— Dec.. 10.27 10.35 10.27 10.35 10.30 Jan. 10.97 11.00 10.97 10.97 10.95 Mar. 11.17 11.22 11.17 11.22 11.15 May. 11.37 11.40 11.37 11.40 11.37 Ej/ Times Special CHICAGO. Nov. 27.—Carlots: Wheat, 5; corn. 174; oats, 20; rye, 1.
On Commission Row
FRUITS Apples—Delicious, box extra fancy. $4; fancy. $3.15, choice. $202.25: Jonathans. $2.75: Grimes Golden $2.50; extra fancy box. Grimes. $3: New York Duchess $2.25 (fi2.50; Oravenstein $3; Wolf River. $2.50: Staymen Box. $2.50. Cranberries 50-lb. box. Grapefruit—Florida. $6.25. Grapes—California, seedless. $3.50 a crate: Tokays $2.25. ... Lemons —California, a crate. $13.50® 14. Limes—Jamacia $202.50. Oranges—California Valencia, [email protected]. VEGETABLE*. Beans—Texas. $4 a hamper. Beets— Home-firown. doz 40c. Carrots—Home-grown, doz.. 35c: Colorado crate. $3.25. Cabbage—s3.so a barrel. Celery—Michigan 90c: Idaho. $1.25 a dozen bifhches. Cauliflower—Colorado, crate. $3. Cucumberrs—Hothouse, a dozen, $2.25. Eggplant—S2.so a dozen: $6 a hamper. Kale—Spring, a Dushei $1.35. Lettuce—California Iceberg. s4®s a crate; home-grown leaf a bushel. $1.15. Mustard—A bushel. sl. Onions—lndiana vellow $2.25 m 100-Ib bag: white. 50-lb. bag. $1.78. Parslev—Home-grown, doz bunches. 45c Peas —Colorado. S8 a hamper. Peppers—Home-grown $7.5008 a crate. Potatoes—Wisconsin and Minnesota white. $4.2504.50 a 160-ib. bag: Red River Oiks. 120 lbs.. $3.75: Idaho Russets. $3.75. Radishes—Button, hothouse dozen 90c: Southern lone red. 15®25c dozen. Sweet potatoes—Virginia Jersevs $4 a barrel; $2 a bushel; Indiana Jersey. $2.50 a bushel; Nancy Halls, $1.75 a hamper. Tomatoes—California. $3 a bag; hothouse. $2 @2.25 a 8-lb. basket. Bv United Press CHICAGO. Nov. 27.—Apples per barrel, ss@9. Marriage Licenses Oscar A. Rush, 26. of Flackville, clerk and Cecil B. McDaniel, 24, of R. R. 7, Box 44. stenographer. Frank Zagott, 24. of 1103 Union street, salesman, and Molly A. Goldstein, 19, of 1030 South Meridian, teacher. Rchard C. Lennox, 26, of 2413 North Delaware, arichtect. and Eleanor M. King. 26. of 509 Blue Ridge road. Elmer I. Johnston, 20, of 826 Ft. Wayne avenue, furrier and Lucia Windle, 18, of 37 West St. Joe, clerk. David Baxter. 59, of Ft. Wayne. Ind.. musician, and Esther I. Heine, 22, of 1634 South State, teacher. Fred M. Pierce, 21. of 237 North Gray, draftsman, and Marie L. Howard, 22, of 415 North Gray, technician. Births Boys William and Eva Evans, 4255 Clarendon road. Chester and Lucie Horton, 407 South Butler. Leo and Gertrude Priller, 25 East Minnesota. George and Eva Benefiel, Coleman hospital. John and Marie Carson, Coleman hospital. Wilbur and Leona Coghill. Coleman hospital. Harley and Gladys Creech, Coleman hospital. Jerry and Gladys Jackson, Coleman hospital. John and Effie Kitchen, Coleman hospital. Clark and Ruth Mousa, Coleman hospital. George and Velva Watts, Coleman hospital. Lawrence end Martha Worley, Coleman hospital. _ Edgar and Margaret Sellars, 906 Moreland. _ . Othel and Hazel Jellison, 1224 West Udell Earl and Goldie Tansy, 2415 North ° Littleton and He’en Malott. 1540 Kappes. Edward and. Mary Litz, 1442 North Chester. Girls Michael and Mildred O'Neill, 2225>/ 2 East Washington. Wendell and Jewell Little, 530 Bernard. James and Helen Knight. Coleman hospital. Howard and Irma Sparks, Coleman hospital. Iden and Hallie Cox. 914 South Woodrow. Deaths Walter Colbert. 42, city hospital, appendicitis. Mary Thompson. 40. St. Vincent's hospital. acute cardUc dilatation. Mary Elizabeth Grooms. 1 mo., city hospital. broncho pneumonia . Rosa Barley. 47, 644 Charlotte, hypostatic pneumonia. John A. Eusey. 70, Methodist hospital, ludwig angina. Pearl Walter Carlton. 51. 2208 Langley. acute cardiac dilatation. j Margaret McGrath. 42. Central Indiana hospital, general paralysis. Louise M. Rounder. 57, city hospital, acute mvocardttis. Emma I. Ti’.ghman, 71. 1720 Woodlawn. diabetes. Bettv Ice, 38, 2524 Bellfontalnc, carcinoma. Alice D. Kleis. 56, 1636 Roosevelt, mitral regurgitation. Mary M. Lovings. 54. 367 West Fifteenth, pulmonary tubffculosis. John Whalen, 65. 1431 Rembrant, lobar pneumonia.
The City in Brief
George O. Cook, Whites town ! fence dealer, has filed a voluntary bankruptcy petition in federal court, listing $9,276 liabilities and $5,274 assets. “The Public Schools of Indianapolis” will be the subject of Charles F. Miller, city school superintendent. in a talk at the Federation of Indianapolis Community Civic Clubs meeting at 8 p. m. Friday at the Chamber of Commerce. University advancement can he achieved through whole-hearted alumni support, according to EL J. Ottoway of Port Huron. Mich., president of the general alumni organization of the University of Michigan, who addressed the Indianapolis Alumni at a dinner Tuesday night at the Columbia Club. Parents’ day will be observed at the Hibben school, 5237 Pleasant Run parkway. Program will begin at 10:30 a. m., when Miss Phyllis Nordstrom will address the parents. The Rev, E, G, Homrighausen, pastor of Carrollton Avenue Reformed church, will speak on “Does the Church of Today Offer a Challenge to My Life? If So, What Challenge?’’ before the Bible Investigation Club in the Y. M. C. A. tonight. Six hundred employes of the C. B. Cones & Sons Manufacturing Company, 18 North Senate avenue, were guests of the company at the annual Thanksgiving dinner at noon today in the company’s dining room. Posts of the Grand Army of Republic in Indianapolis will join in a memorial services for Oliver P. Morton, Indiana Civil war Governor, at 2 p. m. Saturday afternoon in Ft. Friendly, 512 North Illinois street. At a meeting of the Indianapolis section of the American Society for Steel Treating Monday night in the Chamber of Commerce building, C. E. Hellenberg of New York will discuss the physical testing of steel. Workers at the Salvation Army Industrial Home will be entertained with a Thanksgiving program at the home tonight. A Thanksgiving dinner will be served Thursday for employes. Philathea class of the Second Bapi tist church will give a play, “The Important Question,” at 7:45 Thursday night as a Thanksgiving feature. The comedy drama which Temple Rebekah lodge, No. 591, planned to present Tuesday night was postponed until Dec. 10, on account of death of a lodge member. Voluntary bankruptcy petition was filed in federal court Tuesday by Orville M. Thatcher, 2917 North Sherman drive, Big Four railroad fireman, listing $1,121 liabilities ahd $205 assets. Returning from a two weeks’ hunting expedition on the northern peninsula of Michigan, six Indianapolis men brought five deer and two bears with them Tuesday. The party included R. O. Furgason, Frank Irish, Jack Bieter, Joe Swain, Clark Bremerman, O. E. Hemphill and Benjamin A. Branson. AIR BANDITS FLEE Leave Stolen Plane at Airport for Service; Then Disappear. I’M United Press MUSKOGEE, Okla., Nov. 27.—Two air bandits, first of their breed, who landed with a stolen airplane at Hatbox field here, were one jump ahead of requests that they be held which police in Kansas City had sent to airports within a radius of 500 miles. They had gagged and bound an airport attendant at Kansas City at daybreak Tuesday after tricking him into servicing the plane for a 500mile flight. Shortly before dark their motor hummed over the field here and the plane leveled down neatly before a hangar. “Fill her up,” they shouted. “We’re off to a hotel for sleep and will be ; back in the morning.” The pair, one red-headed and freckled and each about 25, had scarcely left the field when the attendant was notified that they were wanted for stealing the airplane. He identified the craft by its license number and its yellow and maroon trimming. Police searched the town, but found no trace of the men. GRAIN IS DISAPPOINTING Rust, Drought Take Toll of Argentina’s Wheat Crop. Bv United Press BUENOS AIRES, Argentina, Nov.! 27.—A disappointing wheat yield has been shown by early threshing in the northern districts of the ! provinces of Santa Fe and Cordoba. Results indicated that damage j | from rust was appreciable, although i many experts were inclined to be- ; lieve that the grain suffered more j from the recent drought than from j rust. Pressman Hurt Bu Times Special GREENCASTLE, Ind., Nov. 27. Merle Davis, pressman for the Daily Banner here, suffered a badly crushed right hand when it was caught between cogwheels of a rotary press. Davis was attempting to oil the machine while lt was 'running.
Commonwealth Loan Co* 7% Preferred Stock An Investment Security That Provides a Steady Dependable Income Without Speculative Risk Descriptive Circular Upon Request J. H. AUFDERHEIDE Established 1887 316 Guaranty Building, Indianapolis, Indiana RUey 3469
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‘BULL’ DURANT HOLDS HIS OWN IN STOCK MART Twice Ruined in Market, the Motor Man Now Is ‘Street’ Fetish. Bu Times Special NEW YORK, Nov. 27.—What haupened to the greater bull oi then! all in the bear market, Wall Streel has been asking itself? What dic| William Crapo Durant, twice heacf of General Motors and master stocl| manipulator, do? According to John K. Winkler, fa-, mous for his “Portrait in Oils” ofi John D. Rockefeller, who contributes a sketch of “Durant-Bull” to thq current issue of Popular Biography| probably he came through with fowl losses. Mr. Winkler describes him as the gray fox of finance and the’ eel of the water world. He says: ; “Durant weaves and trims and dodges, never risking the greater portion of his roll on a single stroked He has a passion and a genius lor, stock speculation. A cold, humor-j less little machine of a man, with keen features whose edge has not! been turned and piercing eyes undimmed by the passage of the years. Out of Proportion “The large, graying head seema absurdly out of proportion with the slight, dapper frame. He weighs 118 pounds. His office is high up in the Fisk building, at Broadway and lifty-seventh street, a pebble toss from the General Motors building. “Behind the ticker, in Durant's office, is a stand of telephones, connected by private wire with twenty or more downtown brokerage houses. When the market is bubbling Durant buys and sells shares by the tens of thousands. Only he and one or two close associates know all the trends and slants of his speculations. “Since he went into the market on a huge scale in 1921 Durant has become a Wall Street fetish, though he is personally unknown in the Street. Often stocks move in great bursts on the mere rumor that Durant is trading in them. The little man in the Fisk building grins a toad-like grin and reaps full advantage of his prestige.
Backed to Wall “Wall street places Durant’s winnings of the last seven years high in eight figures. Only Durant knows the exact amount. Unlike the Goulds and the Harrimans, the Gateses and the Drakes of the past, Durant is an adroit profit-taker. Twice ruined by over-optimism and a thirst for quick expansion, he has grown cagy. He is a plunger in no sense of the term. “For example, he has gambled in. General Motors stock a dozen timcM in and out, since his unprecedent financial collapse late in 1920, vviyf the du Ponts and J. P. Morgan® Cos. backed him to the wall if forced him out of his great combination.” The writer in “Popular Biography” believes that Durant hopes some day to seize again the reins of General Motors. He has solidified his financial position by formation of an investment trust and a national bank—the Libeity—which has grown encouragingly. To come back in the motor world, he realizes he must have huge funds at his disposal. So he has taken in a group of former Dodge Brothers executives to manage Durant Motors Inc., the while he himself carries on his stock manipulations. POINCARE IS RECOVERING Former French President Soon Will Resume His Active Life. llu United Press PARIS, Nov. 27.—Former President Raymond Poincare, who has undergone two operations within the last few months, is near complete recovery and shortly will resume his active life, physicians stated today. “At the moment when Poincare is about to resume his active life as in the past, we are happy to affirm that two operations he underwent were successful and that the infection necessitating the operations Is not now able to cause the slightest complications in the future.” TWELVE BANKS CLOSED Assets Not Easily Liquidated or “Frozen” Found in Oklahoma. Bu United Press OKLAHOMA CITY, Okla., Nov. 27.—The state banking department closed twelve banks in Sapulpa and vicinity today after the unexpected death of A. McCauley, principal owner of the banks. Assets r.ot easily liquidated or “frozen” w r as advanced as the reason for the closing, C. Graves Shull, state bank commissioner said. Wrecks New Auto Quickly Pj! Times Special LA PORTE. Ind.. Nov. 27.—Rudolph Mason, Oaklawn, 111., bought an automobile at a garage here and was backing it from the place when a street car struck it. Mason escc.o~d injury, but damage to the car totaled SIOO.
