Indianapolis Times, Volume 41, Number 192, Indianapolis, Marion County, 21 December 1929 — Page 15

DEC. 21, 1929

STOCKS CRASH TO NEW LOWS ONEXCHANGE Tickers Fall Behind Half Hour as Selling Wave Hits Market.

Average Stock Prices

Averts* of twenty Industries for Wednesday wm 246.84. off 2.74. Average of twenty rails was 148.95. off .86. Average < of forty bonds was 93.41. up 4. Bv United Press NEW YORK, Dec. 20.—Trading on the Stock Exchange crossed 5,000,000 shares today, the largest day since Nov. 14., and prices broke 1 to 10 points. A terrific bear drive struck the list in the afternoon after the market had shown signs of recovery earlier. At one time In the afternoon values were off more than $5,000,000,000, based on shares outstanding. Tickers ran more than a half hour late. Toward the close a staunch stand was made by the interests supporting the market and a recovery of 1 to 4 points took place In the leaders before the final gong. Sales totalled 5.532,600 shares, compared with 3,412,020 In the session Thursdays. Stock Prices Slump Scenes enacted on the floor of the exchange harked back to the trying days of last month and October when prices were crumping. Orders came in huge amounts into the brokerage offices from all parts of the country. '/•heir execution caused great contusion on the floor where brokers were striving to buy or sell. Thousands of shares of stocks were thrown on the market by traders Who wanted bo take tax losses. If the loss Is shown this year, the trader may deduct it from his income tax report provided he does not rebuy the stock within thirty days. The method of taking the tax loss is to sell the stock before the end of the year and buy into a stock of a similar company or to wait until thirty days have elapsed and rebuy the same stock as near to the price at which it is sold as possible to obtain. Call Money Increased Tills tax selling was one reason for today’s break. Others included higher call money due to heavy holiday demand for funds and demand for interest and dividend payments which banks are preparing to distribute for thousands of companies at the year end; professional bear pressure to bring an artificial declined; psychological fear of a newwide reaction; unsettlement of the market Thursday by the violent breaks in Fox Film A and International Combustion Engineering; a selling wave in the mercantile and mail order shares. Chicago stocks were hard hit today. Sears Roebuck and Montgomery Ward broke to new- lows on the movement. Simmons Company also made a wide decline as did Harvest stocks. The industrial average compiled by Dow Jones & Cos., dropped 11.59 points to 228.83 on the preliminary calculations while the railroad average lost 2.72 to 144.49.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Friday. Dec. 30. $2,781,000; debits. *6.073.000. CHICAGO STATEMENT Bv United Press CHICAGO. Dec. 20.—Bank clearings, $91,700.000; balances *12.800.000. NEW YORK STATEMENT Bn United Press NfrtV YORK, Dec. 20.—Bank clearings. *1,127.000.000: clearing house balance. *172.000.000; federal reserve bank credit balance, $156,000 000. B VaSUIngTON. Dec. 20.—Treasury net balance Dec. 18. $207,801,920.69. Customs receipts for the month to the same date totaled $34,807,128.41.

Indianapolis Stocks

—Dec. 20— Bid. Ask. American Central We In* Cos. 1,000 •Belt R R & 8 Yds Cos com... 58 62 •Belt R R & Yd* Cos pref 544 59 Central Indiana Power Cos. p. 89 92 •Circle Theater Cos common... 103 Cities Service Cos common .... 25 Cities Service Cos pld 90 Cittrens Gas Cos common .... 34 42 Cttiwns Gas Cos preferred... 95 99 Commonwealth Loan Cos pref. 97 Hook Drue Cos common 4S Indiana Hotel Cos Claypool c. 125 Indiana Hotel Cos pref 100 Indiana Service Corp pref... 70 Indianapolis Gas Cos common 55 60 Xndpis Power & I>t Cos pfd.,,.100 101*a Indpls Pud Welfare Loan As c. 51 liidtjls St Hallway Cos prel... 27 304 •Indpls Water Cos pref 94 Inter Pub Serv C prior L old 88 103 Interstate Pub Serv Cos pfd.. 85 92 Merchants Public Util Cos pfd.lOO Metro loan Cos 97',a ... Northern Ind Pub Serv. C pfd 93 100 Northern Inc! Pub Serv* C pfd 92 100 Progress Laundry Cos common 45 E Rauh & Sons Fertil Cos pfd. 50 Real Silk Hosiery Cos pfd ... 90 Standard Oil Cos of Indiana 634 ... T H Indpls & Est Trac Cos pf Terre Haute Trac 4 l Cos pfd 80 Union Title Cos common 44 50 Van Camp Prod Cos Ist pfd.. .. 98 Bobbs-Merrlll 3! 36 Com Wealth Loan Cos pfd 7% 964 ... Share Holders Invest C0r.... 34 28 •Ex Dividend. S4L Eji_ Bobbs-Merrlll SO shares at 31. Bobbs-Merrlll 30 shares at SO. Share Holders Invest cor 40 shares G2 o. Share Holders Invest Cor 40 shares ®24. Share Holders Invest Cor 20 shares 0234. —BONDS— Bid. Ask Belt R R * Stock Yds Cos 4s. 85 Broad Ripple Trac Cos 3s .... 29 Central Indiana Gas Cos 5s Central Indian Gas Cos 65... 97 99 Cltlrens Gas Cos 5s 99 100 ClUxen Street Railroad 5s ... 45 Oarr Street Rv Ist 5s 70 ... Home T ft T of Ft Wayne ss. 102 Indiana Hotel Cos 5s ....... 97 Ind Northern Trac Cos 5s 3 5 Ind Railway & Light Cos 55.. 95 97 Indiana Service Corpn 5s .... 85 Indpls Power & Light Cos 55.. 98 100 Indiana Union Trac Cos 55.... 8 Indpls Col & So Trae 4s 95 100 Indpls Gas Cos 5s , 98‘a ... Indpls k Martinsville T Cos 5s Indpls No Trac Cos is .. 7 12 Indpls Northwestern T Ce fe Ir.dpls Street Rv 4s 434 84 Indpls Trac & Terminal Cos 5s 914 93 Indpls Union Rv 6s Jan 994 191 Indpls Water Cos 54s 101 104 Indpl* y*t*r Cos 54s 101 164 Indpls Wat Cos Hen & ref ss. 1 62 Indpls Water Cos 44s 91 94 indpli Water Work* Sec Cos 6s 80 Interstate Pub Serv Cos 445. 85 Interstate Public Serv Cos Ss.. 95 ... No Ind Pub Serv Cos 5s 96 No Ind Tleob Cos 954 ... Terre Haute Tr * Light Cos 5# 8 91 Union Trac of Ind Cos 95.... 13 New York Liberty Bonds —Dee. 30Close p. close. 34# 99.19 99.13 Ist 44s 160.31 100.27 ;h 4Us 101.9 100.7 Tr 94* 1953 111.5 110.26 Tr 4s 1954 107.5 107.2 Tr 34s 104 60 104.17 Tr 34s 1944 69.20 9P.22 Tr 34* 1943 99.21 99.23

New York Stocks

—Dec. 20— Railraada— Prev. High. Low. Close, close. Atchison 224 217 230 224 All Coast Line 170 18714 167% 174 Bait St 0hi0....118 111 113 116V3 Canadian Pac 190 IMIM'.a 189 189! Chesa M Ohio 304 199 199 204 I Chssa 6orp $4% 63% 63% 4% ; Baldwin 28% 28 28 29Vi Chi & N w-est.. 85% 83'/* 83% 85% Chi Ort West.. 18'a 14% 15*4 15% OR I & P. .. .118 113 Vs 113 V* 116 [Del Si Hudson. ,172 Vi 187V* 187',a 133 Del it Lacka 145 146 145 I Erie 6054 58% 57 59% I Erie Ist pfd... 605, 60% 60% 60% 'Ort Nor 97% 97 97 ... Quit Mob Si 011 41 58% 38% 42 1 111 Central ....130 130 lit) Lehigh Valley.. 73% 31% 31% 74 Kan City South 83% 814, 81% 83% Lou & Nash 129 137% 127 V, 130 Minn 8 L 1% MK * T 46% 44% 45 ! 4 48 Mo Par. pfd 137 134% 134% 137 N Y Central 171'% 188% 188% 171% N Y C & 8t L 131 127 127 130 N Y N H St H. .112 108% 106% 11? Nor Pacific 90% 85 85 90 Norfolk St West 229 325'/* 225% 230 Vi Ok, W 15% ... 14% 15% Pennsylvania ... 76 74% 74% 79% Pere Marg 168 lw 165 P Si W Va 118 115 115 117 Reading 125% 122% 122% 128 Beabsd Air L... 10% 10 10 10% Southern Rv ...133% 130% 131 134% Southern Pac ..120% 118 V, 118% 121 St Paul 25V4 23% 23% 25 a 8t Paui Pfd ... 48% 40% 42% 46 8t L dtS W.... 64 61% 81'% 65 St L & 8 F....110 108 Vs 108 Vs 110 Texas St Pac 128% Union Pacific ..215% 212% 213 315% West Maryland.. 29% 24 j 427 27% Wabash 58 55% 55% ... Rubbers— Ajax 1% 1% 1% 1% Goodrich 45 43% 43% 45 1 PI sic 3% 3% 3% 3% Ooodvear 67% 84 b 4% 66 Kelly-Spgfld ... 4 3% 3% 3% Lee 6% 6 6 6% United States.. 36% 24% 24% 25% Equipment*— _ Am Car & Fdy 81% 80 80 81% Am Locomotive 102 98% 98% 102}2 Am Steel Fd.... 45% 43Va 44 45% Am Air Brax 8h 48 46 46 47% Man Elec Sup.. 37% 36% 27 38 General Elec ...232% 214 214 229 Ocn Rv 81gnal.. 84% 79% 79% 84% Oen Am tank.. 95% 90% 91% 95 N Y Air Brake 44 43 42 44 Pressed 6tl Car 8% $ 8 8% Pullman 83 81 Va 81% 83 Westlngh Air B 46% 44 46% 46% Westlngh Elec ..133 125% 128% 133 Am te ßoT~Mills.... 81 76 76 80% Bethlehem ..... 91% 87% 90 90% Colorado Fuel.. 3 2 5/* 34*2 Crucible 73% 77 77 79V, Gulf States Stl .. 51 50 50 51 Inland Steel 73 72 72 73 0tU .... *l% 3% 39% 31% Rep Iron & Stl.. 78 70V, 73% 76 Ludlum 32'4 31 31 34% Newton 40% 4040 ... U 8 Steel 168% 158 162 167% Alloy 34V, 33% 32% 34% Warren Fdy .... 33% 23% 32% 23% Youngstwn Stl.. 110 110 110 110% Vanadium Corp. 49Vi 44% 44% 50 Am Bosch Mag. 39% 37V, 37% 38% Briggs 15% 13% 13% 14% Brockway Mot.. 19% 18% 18% 19’, Chrysler Corp .. 34*4 32% 33 34% Eaton Axle 28% 27Ve 27% 28 Graham Paige .. 9% 9 9% 10 Borg Warner ... 33% 31 31 33% Gabriel Snubbrs. 6 5% 5% 6 General Motors. 40% 36% 38% 40% Elec St or Bat.. 69% 64% 64% 60% Hudson 51% 49 V, 50 51V, Haves Bod Corp 8% 8V 8% 8% Hupp 10% 19% 20 21 Auburn 188 180 1 80 1 91 Mack Trucks ... 73% 68% 68% 73% Marmon 25 24 34 35 % Reo 11% 11% 11% 11% Gardner 4 4 4 4 Motor Wheel ... 27 26% 36% 26% Nash 53%. 50% 50% 53 Packard 15% 14% 15 15% Peerless 6% 6% 6% 6% Pierce Arrow 32% Studebaker Cor. 42% 41 41% 42% Stew Warner ... 39 38% 38% 39% Timken Bear ... 70% ... ... 69 Wlllys-Overland. 8 7 7% 8% Yellow Coach ... 14 12% 13Vi 13% White Motor ... 32% 32% 32% 32% Mining— Am Smelt & Rfg 71% 69% 69% 70% Am Metals 43% 42% 43 43% Am Zinc 8% 8 8 8% Anaconda Cop.. 76 71 71 76 Calumet & Arlz 83 82 82 84 Calumet & Hecla 31 28% 28% 30 Vi Cerro de Pasco.. 61 Vi 59Vi 60% 62% Dome Mines 6% Andes 33 Vi 32% 32% 83*/* Granby Corp ... 54 50% 50% 53 Gt Nor Ore .... 20% 20% Inspiration Cop. 30% 28 37 29% Howe Bound .... 40 37% 37% 39% Int Nickel 30% 28% 23% 30% Kennecott Oop.. 57 57Va 57% 57% Magma Cop .... 49% 48 46 50% Miami Copper.. 37% 26 26 27% Nev Cons 30 27% 37% 30 Texas Gul Sul.. 55 53V, 53Vi 54% St Joe 50 47% 47Vi 53 U S Smelt 36% 35 35 35'/, Oils— Atlantic Rfg .... 38% 36% 36V, 39 Bamsdall (A) .. 23% 23 23 24% Freeport-Toxas. 39% 36% .37 36% Houston Oil 54% 49% 50% 54Vf> Indp Oil & Gas.. 22% 20% 20< 32% Conti Oil 24 31% 32 Va 23 Vi Mid Cont Petrol. 26% 25% 25% 26% Largo Oil St Tr 35 30 25 Pan-Am Pet B. 57% 57% 57% ... Phillips Petrol.. 33% 31% 33 32% Prairie Oil ... 53% 52% 52% 54 Union of Cal *'-5 44% 44% 45V, Prairiq Pipe.. 15'% 56% 56% 57% Pure Oil 24 22% 32V, 27Vi Royal Dutch ... 51% ... 50% 51% Richfield 26% 25 25% 36% Shell 23% 22% 22% 23% Simms Petrol ..40 Sinclair Oil ... 25 22% 32% 25 Skellv Oil 31% 30% 36% 32 Std Oil Cal .... 60% CO 60 61 Std Oil N J .... 62% 59% 60% 62% Std Oil N Y .. 33% 32 32% 33 Tidewater 12% 13 13 12% Texas Corp .... 55V, 54% 54% 55% Texas C St 0.. 11 ... 11% 11 Transcontl 8% BVi 8% 8% White Eagle 37 Industrials— Adv Rumely ... 13% 13% 13% 13V* Allis Chalmers.. 51 46% 45% 51% Allied Chemical 250 240 240 Va 248% A M Byers 86 77 79% 85 Armour A .... 6% ... ... 6‘, Amer Can 112T4 106% 110 111% Am Safety Raz.. 57% 56% 56% 58% Am Ice 36% ss% 36% 37% Assd Dry Goods 27% Bon Alum 50% 47 47 51% Coca Cola 12? 127% 139 128% Conti Can .... 49% 48 48% 49% Certainteed ..... 13% 12 12 13 Croslev 21 19 Vi 19% 31% Congoleum .... 14 % 13 13’, 1. % Curtiss W 7% 8% 6 s , 7% Davidson Chem. 29% 36% 26% 39% Dupont 112 108% 110 112. Famous Players.. 49 44% 46% 48% Gen Asphalt ... 50 46V, 47 50 FOX A 25% 19% 22% 25% Gold Dust 39 36% 37% 39% Qlldden 33Vi 32% 32% 33 . Int Harvester .. 79 74 76% 78% Kelvlnator 7% 7% 7% 7% Lambert 95% 93% 93% 96Va Link Belt 39% 39% 39% ... Loews 42% 40% 42% 40% Mav Stores 55 46'*. 49% 54% Roister 4 3% 3% 4% Montgom Ward 54% 43% 45% 53% Nati C R 72% 68Vs 68% 72 Radio Keith .. 18-y 16 li% 18 s /, Owens Bottle .. 32% 50% 50V, 53 Radio Corn 78% 37% 38% 42% Real Silk 48% 46% 46% 48% Rem Rand .... 27 25 , 25% 27% Sears Roebuck .. 99 88% 91% 97 Union Carbide . 73% 66% 69 73%

Produce Markets

Eggs (County Run)—Loss off delivered in Indianapolis. 46c: henery quality. No. 1. 54c: No. 2. 32(544C. Poultry (Buying Prices)—Hens weighing 44 lbs. or over, 23c: under 44 lbs.. 20c; Leghorn hens, 17: springers. 3 lbs. or over. 21c; under 5 lbs.. 18c: Leghorn, spring 15c: stags. 15c: cocks. 12® 14c; turkeys, voune hens, fat. 22c; voung toms. fat. 22c: old hens. fat. 16c: old toms fat. 15c: ducks, full feathered, white, fat. 13c: geese, full feathered, fat. 12c. These price are for No 1 top auailtp. poultry quoted by Kinffan A: Cos Putter (wholesale'—No. 1. 404141 c: No. 2. 39 and 40c. Butterfat—3B®39c. Cheese (wholesale selling rice per pound i —American loaf 5Se: pimento lost. 37c: Wisconsin firsts. 27c; L-onghorn. 27e: New York llmberger. 30c. P,v United Press CHICAGO. Dec. 20.—Eggs—Market firm: receipts. 2.046 cases: extra firsts. 51®53c; firsts 48® 50c; ordinaries. 40® 44c; sec•nds. 28'(35c. Butter—Market, firm: receipts 6.654 tubs: extras. 384 c; extra firsts, 36 v? 374 c; firsts. 32® 35c; seconds. 30.13. c: standards. 28c. Poultry—Market, firm; receipts. 9 cars; fowls. 25c5; springers. 23c; Leghorns. 17c: ducks. 18c; geese. 19®20c: turkeys. 28c: roosters. 17c. Cheese—Twins. 214® 22c; young Americas. 24c. Potatoes—On track. 203: arrivals. 81: shipments, 443; market about steady; Wisconsin sacked round whites. 52 25iU2.40: Minnesota and North Dakota sacked round whites. 32.184t2.20; Idaho sacked russets. $2.6542.90. Rv United Press NEW YORK. Dec. 20.—Flour—Dull and lower; spring patents, 56.355&.6.80. Pork —St*ady ; msss. 827 50. Lard—Dull; middle west spot. $10.50® 10.60. Tallow —Dull; special to extra. 7S®7**c. Potatoes Quiet and easy; Long Island. $2.5066.25; Maine. $3.8565; Bermuda. ss<Bll. Sweet rota toes— Steady: southern baskets, 90c® 1.50: Jersey baskets. 60c®32.35. Dressed poultrv—Steady to firm: turkeys. 20640 c; chickens, 20®40c: capons, 27®46c: fowls, 204135 c: ducks. 11628 c: ducks. Long Island, 23® 26c. Li"* poultry Steady to firm; geese. 15®25c: ducks, 135724 c: fowls. IS® 29c; turkeys. :o®3oc: rooeter*. 13® 14c chickens, 15®3Jc; broiler*. 18085 c. Cheese—Dull: state whole milk, fanev to special, 26264 e; young Americas, 224 Bu United Press CLEVELAND. Dee. 30.—Butter—Extras. 414 c; extra first*. JB®4o4c; seconds. 814 'h 32c Eggs—Extras. 51c: firsts. 47c. Poultrv Fowl*—B7c; medium. 24c; springers. 24c; thin springers. 15018 c: Leghorn. 151120 c: Leghorn springers. 18S20c: Leghorn springer*. 186 20c; ducks. 2C®2Bc: old cocks 18c. geese. 20e: turkeys. 30 6 33c. Potatoes—New York. $4.10454.15 per 150 lb. sacks; Maine Green Mt.. *4.35*54.40 per 150 lb sack; Idaho Russet. $3,356 3 50 per 100-lb. seek; home grown. 11.90® 1 IS per bushel sack.

Warner Bros ... 39% 37% 39 39% On Air Craft .. 44% 40% 41% 45% Unlv Pipe 3% ... 3% 3% U S Cs Ir Pipe. 19", 18% 18’, 19V, U S Indus A1c0.134% 125% 125% 133 Worthington Pu 70 57% 60 70% Utilities— Am Tel St Te1..217 211% 212% 218 Am Pr Si Lt 87% 74% 74% 78 Eng Pub Serv... 38 37 37 35% Am For Power.. 87% 75% 81'/, 86% Am Wat Wks... 84 73'% 75V, 84 Gen Pub Serv . 31% 29% 29% 30% Col G Si E 68 64% 66 67 Consol Gas 95 90 % 91 93 3 , Elec Pow Sc Lt.. 46 42% 43V* 45% Int TSt T 71% 65 69 71% Nor Am Cos 91’% 85% 87 91% Pac Light 72% 69 69 73% Pub Serv NJ .. 74% 71 72% 74'% So Cal Edison.. 54V, 53 53 54V, 3td Gas At E1...112 102 103% 110 United Corp ... 31% 27% 28% 31 Utilities Power.. 31% 29% 29% _31% United GSi Imp 30V, 28% 28% 30% West Union Tel. 195 185 191 2064, ■Shipping— Am Inti Corp... 37% 34% 34% 37% Am Ship & Com. 1% 1 1 IV, Atl Gulf Si WI. 72 67% 67% 72 Int! Mer M pfd. 24 24 24 25% United Fruit ...103 100 103 107% Food,— Am Sug Rfg ... 60% 58% 58% 60'% Cudhay 48 47% 47Vi 47Vi Beechnut Pkg.. 61 60 60 63 i California Pkg.. 6 7 6 6 68 66% ! Canada Dry.... 63 61% 63% 63% Corn Products . 91% 86", 88V* 93% Cont Bak A 41% 38 38 43 Borden 68% 65% 85% 69% Cudahy 48 47% 47% 8% Hershey 68 67 67 69 Grand Union ... 12% 12% 12% 13 Grand Union pfd 36% 33% 33% 36 Jewel Tea 44% 43 43 44% Kraft Cheese .. 34V, 32% 32Va 35 Kroger 46Vi 44 44 48 Loose Wiles .... 81 Vi 46 46 50 Natl Biscuit 173 168 188 171 Nati Dairy 48 45 45% 47% Gen Foods 46% 45% 45% 46% Loft 4 Vi 4 4% 4% Stand Brand ... 27 25% 26 26% Ward Baking B 4% 4% 4% 4% Tobaecos— Am Sumatra ... 21 18% 19% 21% Am Tob B 199% 190% 190% 200 General Cigar .. 52*% 52% 52% 52% Llg & Meyers... 94 97% 93% 95 Lorlllard 15% 14% 15% 15% R J Reynolds .. 49% 47 V* 48 49'% Tob Products B. 3% 33 3% United Cigar St 4 4 4 4% Schulte Ret Strs 5% 4% 4% 5%

Chicago Stocks - '

TOTAL SALES 296.000 —Dec. 20— Adams Mfg 28Vi 28 28 Art Metal Works 17 16 16 Assoc. Telephone Util... 21% 21 21 Auburn Automobile 185 180 185 Bendix Corporation 33% 30% 31% Borg-Warner 33% 31 31% Brown Fence & Wire A. 19 18 19 Brown Fence St Wire B. 12% 12 12 Butler Bros 16% is 1434 Burnham Units 28 27% 37% Cent Pub Ser Class A.i 36% 36% 36% Cent &80 Wast 21% 19V, 20% Cord 12% 11% 12 V, Chicago Conti 66% 64 64% Chicago Corp 13% 13 13% Chicago Corp pfd 38% 37 37’% Electric Household .... 41% 39'% 40 Eria 1 % % Commonwealth Edison 247% 236 240 Central 111 26% 35% 26 Construction Material .. 15% 15 15 Cons Material pfd... 39% 39 39% Goldblatt Bros 26% 25% 26% Great Lakes Aircraft.. 5 Grigsby-Brunow 19% 17% 19% Houdaille-Hershey' A..’22% !!! !1! Insul Util Invest 62 55% 57% Insull Util Invest pfd.. 85 84 85 Iron Fireman 25% 24% 25 Kellogg Switch com... 5 Ketvstone Steel 23 Kenrod Tube 9Vi 8% 9% Libby-McNeill 17% 17 17 Lion Oil Refining C 0... 19Va 18% 19 Man Dearborn 36 35 35 Mer & Mfrs part pfd.. 18% 18% 16% Middle West Utilities.. 26'* 25 25% Midland United 21% 20% 21% National El Power "A” 28 27% 28 Natl Securties Invest.. 14 ... ... Nati Securities In ctfs. 73% 73 73 National-Standard .... 35 33 33 Nobiitt-Sparks 47% 46 46 North American Car... 38% 34 34 Ontario Mfg 30 29'/* 30 Parker Pen 37% ... Pines Wlnterfront .... 43 " 41 43 Ross Gear 31% 30 31% Beaboard Utilities 7 6Vi 7 Standard Dredging Cos. .22 21 22 Steinlte Radio 3% ... Swift & Cos 133% 132 % 133 Swift Inti 34Vi 33Vi 34% Unit Corporation 12% 12% 12 % United Reproducers ... 1% IV* 1% U S Radio & Tel 6 5 5 ’ Utah Radio 5% 5 5 Utilities and Investm.. 20Vi 18% 18% Utilities <fc Invest pfd.. 25% 24% 24% Wextark Radio 25 22 22 Wieboklt Store 29 Winton Engine 49'% ... ... Zenith Radio 7Vi 6% 6%

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Dec. 20.—A more discouraging stock market could hardly be imagined. A market without support, other than that which is derived from the moderate scale down buying orders of the investor, and such profit-taking purchases as are made for the account of shorts. All week bulges have been shortlived, and the pressure exerted has resultd in nutrallzing all the constructive efforts of recent weeks. The weakness, as 1 sto be expected, has given rise to various rumors affcting first one company and then another, first one industry and then another, all of whic his a part of the state of mind of the stock market’s public. It is strange how quickly this public senti - ment can veer from one extreme to another. It seems sue ha very short time when this same public accepted as gospel the story that we are no longer to count on that reasonable return on investments with which we have bee naccustomed, but will have to be content with 2Va to 3 and at most 3V 2 per cent. Today some of our high-grade stocks are on a basis yielding 5 and 5Vi and even 6 per cent, and that same public prefers to thing not of the yield, but of the deadly effect of a snow storm in the west and the south, or of some modern Samson that was vanquished bv a Delilah stock market. Or some new Napoleon of finance that met his Waterloo. These are all passing incidents, even though important for the day, bu tfor those looking to the future we suggest that the investor, large or small, look at the yields of some of our choice stocks and to remember that attractive yields will not always be available. New York Curb Market (Bv Thomson & McKinnon) —Dec. 20Ail ied Power 317£ Arkansas Gas , 8% Assd Gas A 37 Am Super Power 21% Blue Ridge Corpn ”, 7 Cities Service 23% C & O new 52 Cons Gas Balto 87'/b Cord Corpn 12 Deforest Radio 31;, Durant Motors 47* Elsler Elec 14% Elec Bond & Share 75% Fokker 15% Ford Canada 29% Ford England lOti Fox Theater 5% Gen Elec England 11% Gen Theater Eq 28% Goldman Sachs 35% Gold Seal Elec 4 Gulf Oil Penna 131% Humble Oil 83 Hudson Bay 8% Ills Pipe 307 Imp Oil Canada 25% Insull Utilities 56 Int Pete 20% Int Super Power 33% Lehman & Cos 70 Mid West U New 24% Mountain Produs 8% Niagara & Hudson 11 Niles B Ar P 28% Nat Pub Svc A 32% Otis Elevator 58% Newmont Mining 108 Ohio Oil 71 Penroad Corpn 13% Pete Corpn 20' a Prudential Inv 13% Rainbow L Pro 11% Rt Regis New 19% Salt Creek 10 Selecred Ind 6% Stand Oil Indiana 52% Stand Oil Kansas 26% Stand Oil Nebraska 33 % Stand Oil Ohio 82 Stutz Motor? 2% Trans Corn Air Trans 7% United Gas 19 United Light & Power A 23% United Verde 12% Utility Ed .., 10% Vacuum Oil 95 Walgreen At Cos 47 Marriage Licenses Howard C. Hoover. 22. of 328 South Lyons, farmer, and Edna B. Ketron. 18. of 330 North Lyons. James L. Johnson. 20. of 1641 Yandes. mechanic and Louise H. Bailey, 17. of 3157 North Gale. maid. Williams Majors. 22. of 714 Cleveland, laborer, and Fannie Russell. 19. of 1737 Brooks, clerk. RAW SUGAR PRICES —Dec. 30High. Low. Clos”. January 1.90 1.87 1.37 March 2.02 2.00 2.00 Mav 3.09 2.07 2.07 July 3.15 2.14 2.14 September 2.21 3.19 2.19 December ...1 1.62 1.32 1.82

THE INDIANAPOLIS TIMES

PORKERS SELL 25 CENTS OFF AT CITYYARDS Cattle Slow and Scarce, With Steady Trend: Veals Higher. Dec. Bulk. Ton. Receipts. 13. $9.60 $9.65 9.000 14. 9 85 10.00 5,900 16. 9.50 9.60 13.000 17. 9.50 9.60 9.000 18. 9.75 9.90 6.000 19. 10.00 10.10 4.500 20. 9.75 9.85 8,000 Hog prices were generally 25 cents lower today than Thursday's best prices, at the local stockyards. The bulk, 160 to 300 pounds, were selling at $9.75. A few good and choice butchers sold at $9.85. Receipts were estimated at 8,000; holdovers, 157. Cattle market slow and unchanged, with a slaughter class of steers little changed. She stock steady and strong. Vealers largely 50 cents higher, selling at sl6 down. Sheep and lambs tending higher, with a good and choice grade of lambs selling at sl3 to $13.50. All other grades and heavyweights sold around $12.50. Chicago hog receipts 20,000. including 6,000 directs; holdovers 11,000. The market largely 10 cents lower than Thursday’s average, $9.75 to $9.90, paid for choice on 190 to 250-pound weight. Cattle receipts 3,500; sheep 8,000. —Hogs— Receipts, 600: market, steady. 250-300 lbs. and up $ 9.50® 9.75 225-350 lbs 9.75® 9.85 160-200 lbs 9.75 130-160 lbs 9.15® 9.50 90-130 lbs 8.50® 9.00 Packing sows B.oo® 8.75 —Cattle— Receipts, 300: market, steady. Beef steer3, 1.100-1,500 lbs., good and choice [email protected] Common and medium 9.50^12.00 Beef steers, 1,100 lbs. down good and choice 12.25 @15.50 Common and medium 9.00® 12.25 Heifers, 350 lbs. down, good and choice 12.50® 15.00 Common and medium 8.00®12.50 Cows 8.25® 10.00 Common and medium 6.25® 8.25 Lower cutter and cutter 4.50@ 6.25 Stocker and feeder steers, good and choice 8.50®11.00 Common and medium 6.50® 8.50 —Veals— Receipts. 300; market, higher. Medium and choice [email protected] Cull and common [email protected] —Sheep— Receipts. 400; market, steady. Lambs, good and choice $12.50013.50 Common and medium 10.00ffi12.50 Ewes, medium to choice 10.00® 11.75 Cull and common 2.00® 4.00 Other Livestock Bv United Press CHICAGO. Dec. 20—Hogs—Receipts, 33,000; including 8,000 direct; opening 10c lower; later trade. 25®40c lower; dull at decline; top. $9.90 paid early; late bulk, 180-300 lb. weights, $9.5009.65; 140-170 lb. weights. $9.25®9.65; butchers, medium to choice, 250-350 lbs., $9.35(//;9.90; 160-200 lbs., 819.25(rj)9.90: 130-160 lbs., [email protected]; packing sows, [email protected]; pigs, medium to choice, 90-130 lbs., $8.50®9.25. Cattle —Receipts, 3,500; calves. 1,000; early trade, uneven; yearlings and fat 6he stock around steady: bidding lower on better kinds; bulls scarce, steady; vealers strong to 50c higher; slaughter classes, steers, good and choice 1,300-1,500 lbs., $12,504/) 15.25; 1,100-1-300 lbs.. *12.75016; 950-1.100 lbs., [email protected]: common and medium. 850 lbs. up. *[email protected]; fed yearlings good to choice 750-960 lbs., $13.65® 16.25; heifers. good to choice 850 lbs. down, $11.25 @15.50: common and medium. [email protected]: cows, good and choice, [email protected]; common and medium, s6@B; low cutter and cutter. $4,504/6; bulls, good to choice beef. [email protected]; cutter to medium. $6,254/9; vealers milk fed, good to choice, sl2® 15.50; medium, 10.50® 12.25; cull and common. $7®}10.50; Stocker and feeder steers, good to choice aH weights. [email protected]; common and medium. *8.25®10.25. Sheep —Receipts, 8,000; market, opened steady to strong; bulk fat lambs. $18.25; early top, $13.40; fat ewes. $5.25ffi!5.50; feeding lambs atouable: lambs, good to choice 92 lb. down, [email protected]; medium. [email protected]; cull and common, $9.50® 11; ewes, medium to choice, 150 lb. down. $4.50@6; cull and common, |[email protected]: feeder lambs, good to choice. $11,754*12.65. Bit United Press CLEVELAND. Dec. 20.—Hogs—Receipts, 1,000: holdover. 695; steady to 10c higher; 140-300 lbs.. $10.15(810.25; pigs. $9.50; sow's. $8; few. $8.25: stags. $6.25. Cattle —Receipts, 100; fully 25c higher: bulk common steers, $10.50® 11.35: heiferettes mostly [email protected]; cows scarce, sharing upturned; calves, 100; steady, but still a forced weather market: better grades, $lB @l9; medium. $14.50@17; few and only cull, under sl3. Sheep—Receipts, 400; lambs active: fully 25c over Wednesday; bulk. $13.75@14; heavies, $11.50@12; medium throwouts, [email protected]; scarce, steady. By United Press PITTSBURGH, Dec. 20.—Hogs—Receipts, 2,250; market strong to 5c higher: 160-270 lbs., [email protected]; 280-325 lbs.. $10,155® 10.30; 100-130 lbs., mostly $9,504*9.75; a few $10; sows, 38W8.50. Cattle—Receipts, none; calves, receipts 100; market around 50c higher; top vealers. sl7. Sheep—Receipts, 500; market strong to shade higher; fat native lambs, sl2@f4; aged wethers, [email protected]. By United Press CINCINNATI. Dec. 20.—Hogs—Receipts. 3,800; holdovers 50; slow, local demand indifferent, butchers over 180 lbs. and packing sows 25c lower, light pigs and pigs steady; bulk 180-270 lbs.. $10; desirable 150-171 lbs.. $9.75: most 1255-145 lbs., $9.50; pigs. 100-120 lbs.. *9.26 down: bulk sows. $7.75478; odd head. $8 25. Cattl* — Receipts, 200; calves active to 25c higher on all weights under 1,100 lbs., heavy steers steady, cows and bulls sharing upturn; bulk common and medium yearlings and heifers, $lO4/12; odd head, good to choice and up, sl4 and $14.50; beef cows, 57479; low cutters and cutter. [email protected]; bulk bulls, [email protected]; veals 50c higher; top. sl6: bulk above sl2. Sheep—Receipts, 275: steady; good and choice handyweights, sl3 4/13.50; common medium and bucks, s9@ 11; ewes up to $5.50. By United Press EAST BUFFALO, Dec. 20.—Hogs—Receipts, i.600; holdovers. 300; active, generally .steady at Thursday's sharp advance; bulk 160-250 lbs., $10.50; pigs and light lights, $104,10.25: packing sows, $8.40@8. Cattle—Receipts, 150: mostly cows: strong to 25c higher; cutter grades, [email protected](T. Calvesj-Receipts. 350; vealers active. 50c 4?sl higher: quality and sorts considered: good to choice, $16.50. to mostly sl7. Sneep —Receipts. 2.000; lambs generally 25c higher; good choice. [email protected]; medium and strong weights, $11.75@13; fat ewes. $5.50(86.50. Bn Times Special „ _ LOUISVILLE, Kv., Dec. 20.—Hogs—Receipts. 1,000; market 25c lower; 175 lbs. up, $9.70; 130 to 175 lbs.. $9; 130 lbs. down, $1.65: roughs. $7.75; stags. $7.15. Cattle— Receipts. 1.000; market, steady; prime heavy shipping steers. $9.50@11; medium and plain steers, *7.50@9; fat heifers, $7.50® 12: good to choice cows, $6.50478.60; medium to good cows. [email protected]; cutters, $547 5.50: canners. s4@s: bulls. [email protected]; feeders. $8 'a 10.50; stcokers, $7810.25. Calves—Receipts. 100; market 50c higher; fancy calves. $13.50; good to choice. $10.50 @l3: medium to good, $7.50479.50; outs. $7.50 down. Sheep—Receipts, 50: market, steady: ewes and wethers. $12.50; buck lambs. $11.50: seconds, ss@B; sheep, s4® 5. Thursday's shipments: Cattle. 331; calves, none; hogs. 346; sheep, none. Bn United Press TOLEDO. Dec. so.—Hogs—Receipts, 300; market, steady; heavies. $9.50479.75; mediums. $9,904/ 10: vorkers. $94/9 50; pigs. $94/9.50. Cattle—Receipts, light; market, steady; calves, receipts, light; market, steady. Sheep anl Lambs—Receipts, light; market, steady. Bn United Trees FT. WAYNE, Ind., Dec. 20—Hogs— Market. 10c off; 120 lbs. down, $8.65; 120140 lbs., $8.90; 140-160 lbs., $9.40: 160-200 lbs.. $9.55: 300-250 lbs.. $9.65; 250-300 lbs.. $9.75; 300-350 lbs.. $9.50; roughs, $8; stags, $6: calves, sls: lambs. sl2.

Interstate Public Service Company Notie of Dividends The Board of Directors of the Inter* state Public Service Company has declared the regular quarterly dividend of one and three*quarter# per cent (1V*1) on the outstanding seven per cent (7%) Prior Lien Stock of the Company. payable January 15,1930, to stockholders of record December 3L 1929. LOIS ALLEN, Secretary.

Business — and — Finance

By United Press NEW YORK, Dec. 30.—Nineteen wholesale electrical supply houses doing: an annual business of $60.000,000 and with branches in 60 cities, hate been organized by the Westinghouse Electric and Manufacturing Company into a single system under the name of the Westlnghouse Electric Supply Company, it was announced Thursday. Bv United Press WASHINGTON, Dec. 30 —Loans on stocks and bonds to brokers and dealers by reporting federal reserve member banks in New York on Dec. 18 decreased $39,000,000 from the previous weeks total of $3,425,000,000, the federal reserve board announced Thursday. Hudson Motors; Considering the fct that Hudson earned a net of $8.42 per share for the first three-quarters of this year, or almost 70 per cent mere than the full year's dividend requirements, and that the company's cash holdings equal almost S2O per share, there seems to oe no reason to question the safety of the $5 dividend. The beard of directors af the Inter - state Public Service Company has declared the regular quarterly dividend of 1% per cent on the outstanding 7 per cent Prior Lien Stock of the company, payable Jan. 15, 1936 to stockholders of record Dee. 31. The largest electric power bond Issue to appear in the market in three months is being offered by bankers tor the Union Electric Light and Power Company. An additional issue of $15,000,000 general mortgage 5 per cent Series B" bonds of this company, due in 1967, Is being marketed by Dillon, Read & Cos., Harris. Forbes & Cos., Spencer Trask Sc Cos., and Stone * Webster and Blodget. Inc., at 100 and interest. The proceeds of this financing will be used to reimburse the company for expenditures made for additions and extensions to Its properties. The board of directors of the McCord Manufacturing Company, declared the regular quarterly dividend of $1.75 per share upon the Preferred and the Preferred 1 "A” stock, and the regular quarterly dividend of 50 cents per share upon the Debenture stock, also all of the accumulated dividends upon the small number of shares of Preferred stock, outstanding, payable Jan. 2, to stockholders of record, Dec. 24. According to the weekly estimate of the National Coal Association, about 11,900.009 net tons of bituminous coal were mined in the United States during the week ended Dee. 14. This is the largest quantity of bituminous coal produced in any week eince last February. The quantity mined during the weeks ended Not. 30 and Dec. 7, ae reported by the United State* Bureau of Mines, was 9,931,000 net tone and 11,079,000 net tone, respectively. Consolidated balance sheet of the Gard-ner-Denver Company as of Nov. SO, reveals current assets of $4,346,258 against current liabilities of $364,545, a relative position of approximately 11 to 1. Industrial Rayon Corporation earned for the first ten months of this year $6.50 per share, and present indications are that final net for 1929 w'lll exceed $8 per share on the 190,431 shares of stock now outstanding. As of June 30 this year, the company had a very strong treasury position with cash and securities exceeding $6,500,000 or more than 6% times total current liabilities. Sales and shipments of the Pines Wlnterfront Cos., of Chicago for the first fifteen days of this month exceeded the total for Dec. 1928, J. F. Raleigh, president, said. Directors of M. H. Fishman, Inc., have declared the regular quarterly dividend of *1.75 a share on the preferred stock, payable Jan. 15 to stockholders of record Jan. 3. Crucible Steel earned a net us $6.05 per share for the first half of 19t9. and it is expected that the net for the last half will exceed first half results. The company recently declared a stock dlvident of 3 per cent In addition to the regular cash dividend of $5 which has been in effect since 1030, supplemented by occasional extras. United States Pipe and Foundry’s earnings for the past six months totaled $2.60 per share and final net for 1929 is expected to be well In excess of $3 per share. Directors of the Federal Screw Works declared the regular quarterly dividend of 75 cents a share on the capital stock gay able Jan. 1 to stockholders of record

On Commission Row

FRUIT* Apples—Delicious, box extra fancy, $3.40: choice. $3&2-2s; Jonathans, *2.75: Grimes Golden. $3.25; New York Duchess *3.33 2.50; Gravenstein, *3; Wolf River. *2.50: Staymen Box. $3.75. Cranberries—s 4 a S5-lb. box: $1.35 ■ 50-lb. box. Grapefruit—Florida. *6.50/ffi7. Grapes—California, seedless. (3.50 • crate: Emperor. *3.50®2.73 * crate. Lemons—-California, a crate. $13.50014. Limes—Jamaeia $303.50. Oranges—California Valencia, $4.54®5.50 Strawberries—*l.3s a quart. Tangerines—ss 50 a crate. VEGETABLE*. Beans—Florida $4.7505 a hamper. Beets —Home-grown, dot. 40c Carrots —California, crate. $3.80. Cabbage—l3.Bo a barrel Celery—Michigan 90c: Idaho. 41.35 a dozen bunches. Cauliflower—Colorado, crate. 49. Cucumbers —Florida. $7 a crate. Eggplant—s3.so a dozen; $6 a hamper. Kale—Bering, a bushe) (1.35. Lettuce—California Iceberg, $6.50 a crate; home-grown leaf a bushel. $1.65. Mustard—A bushel. sl. Onions—radians yellow $2.35 a 100-lb baa: white. 50-Ib bag. 11.T5. Parsley—Home-grown, doa. bunches. 45c Peae—California. $3 a hamper. Peppers—Florida *9 aerate. Potatoes—Wisconsin and Minnesota wnite. [email protected] a 160-ib. bag; Red River Ohios 120 lbi.. $3.90; Idaho Russets, *4. Radishes—Button, hothouse dozen 90c; Southern lone red. 15iR25c dozen. Sweet potatoes—lndiana Jersey. $2.75 a bushel. No. 2. $1.45 a bushel; Nancy Halls. $2 a hamper. Tomatoes—California. $3 a bag; hothouse. $1.85 a 8-lb. basket. Bv Times Special CHICAGO. Dec. 20. —Car lots: Wheat. 26; corn 16; oats. 9.

Local Wagon Wheat

City grain elevators are paying iUO for No. 3 red wheat and $1.05 for No. 2 hard wheat. NEW YORK COFFEE RANGE —Dec. 20High. Low. Close. January 7.35 7.35 7.35 March 7.30 7.16 7-30 May 7.17 7.05 7.17 Julv 7.18 7.05 7.16 September 7.18 7.08 7.18 December 7.55 7.74 7.95 SnH for judgment on SIO,OOO war risk insurance policy has been filed in federal court against the government by Mrs. Rebecca Hancher, mother of Clarence Hancher, deceased.

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

HEAVY SELLING PUSHES WHEAT TO 1M LEVEL Corn and Oats Forced Off by Flood Trading in Major Grain. BY HAROLD E. RAINVILLE. United Press Staff Correspondent CHICAGO, Dec. 20.—Heavy selling swept wheat prices to new low levels as the Board of Trade closed here today. Pressure was continuous throughout the session, but just before the close renewed liquidation on a large scale put prices well below the farm board's loan basis. Bear sentiment was rampant, due to the belief that the government report on condition and acreage after the close would show large increases. Com and oats were carried lower by the flood of wheat selling, only December oats offering resistance. At the close wheat was 2% to 3 cents lower, corn was down % to % cent and oats was unchanged to % cent off. Provisions were 8 to 12 point lower. Liverpool and Winnipeg were considerably lower during the morning and contributed to the weakness in wheat. Liverpool closed 2 to 2% cents lower. Buenos Aires was to 1 cent lower at midday Failure to exports to materialize despite the big break in prices has added to bear sentiment. Cash prices were 1 to 1% cents lower. Receipts were 3 cars. Weakness in wheat contributed to the unsettled condition in com prices, but December held steady on the short interests, the deferred months taking the brunt of the pressure during the morning. Receipts were light. Cash prices were unchanged. Receipts were 46 cars. Oats had a steady tone before midday, but the price changes were of no consequence in a dull market. Cash prices were unchanged. Receipts were 15 cars, Chicago Grain Table WHEAT— Prev. Open. High. Low. Close, close. Dec... 1.1 { 1.18% 1.15% 1.15% 1.18% Mar.. 1.24 1.34% 1.21% 1.32 1.24% May.. 1.98% 1.28% 1.25% 1.26 1.287/, July. 1.28% 1.29 1.26% 1.28% 1.29% CornDec... .90% .91% .90 .90 .90% Mar.. .93 % .93% .92% .92% .03% May.. .95% .95% .94% .94% .95% July.. .96% .97% .96 .96% .97 OATS— Dec.. .45 .45% .45 .45% .46% Mar.. .47% .47% .46% .46% .47% Mav.. .48% .48% .48 .48 .48% RYE— Dec... 1.03% 3.03% 1.02 1,02% 1.04% Mar.. 1.02% 1.03 1.01% 1.01% 1.02% May.. 1.01% 102 1.00% 1.00% 1.01 July.. 1.00% 1.00% .99% .99'% 1.00% LARD— Dec. 10.05 10.05 10.00 1 0.00 10.12 Jan. 10.32 10.35 10.25 10.27 10.35 Mar. 10.57 10.55 10.47 10.62 16.60 May. 10.77 10,77 10.70 10.75 10.80 BELLIES— „„ „„ Dec .... .... 11.37 11.37 Jan.. 11.75 11.75 11.65 11.65 11.80 May. 21.35 12.35 12.20 12.20 12.40 Bv United Press CHICAGO, Dec. 20.—Cash grain close; Wheat No. 4 mixed, $1.16%. Com—(Old) No. 2 yellow, 94c; No. 2 white, 94c; corn (New) No. 4 mixed. 82@83c: No. 6 mixed, 78%e; No. 3 yellow. .87%@85%c; No. 4 yellow. 82%®>86c; No. 5 yellow, 80%@83c; No. 6 yellow, 78%@79c; No. 3 white. 68%c; No. 4 white, 84‘/a@BsVic; No. 5 white. 824?) 83%c. Oats —No. 2 white, 45’/a@46c; No. 3 white, 42%®<Sc; No. 4 white, 43%(@ 43 %c. Barley—s2ftj63c. Timothy—ss.4o® 6.35. Clover—slo.so® 16.60. By United Press TOLEDO, 0., Dec. 30.—Cash grain close: Wheat—No, 2 red. $1.2301.24. Corn—No. 3 yellow, 9S'/a@94%c. Rye—No. 2, $1.04. Oat*—No. 2 White old. 52%®53%c; No. 2. White new 48 %@ 49 %c. Barley—No. 2, 70c. Clover —Domestic cash old, $11.10; cash new. $11.10: December, $11.10; December choice, $11.50; January, $11.20: February. $11.36; March. $11.50; Imported cosh old, *10.25. Timothy—Cash old. $3; cash new. $3.25; December, $3.25; March, *3.40. Alsyke—Cash, $10.75; December. *10.75: February. $10.85: March. *ll. Hay —*1.25 cwt. I

Cash Grain

The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41%c New York rate, were: Wheat—No. 2 red. dl.1701.10; No. 2 hard. [email protected]. Oorn—No. 4 white. 78%@79%c; No. 5 white, 76%@77%c; No. 4 yellow. 76©77c; Np. 5 yelow, 74<@75c- No. 4 mixed. 42@ 43c; No. 5 mixed. 416i42c. Oats—Steady; No. 2 white, 42®43c; No. 3 white. 41@42c. H*r—No. 1 timothy. $15.50015; No. 2 timothy, $15016.60; No. 1 light clover mixed, $14.50015. —lnspections Wheat—Sample, 1 car. Total, 1 ear. Cm—No. 4 white. 1 car; No. 6 white, 1 car; sample white, 3 cars; No. 3 yellow. 1 car: No. 4 yellow, 3 cars: No. 5 yellow. 2 cars; sample yellow, 2 cars; sample mixed, 2 cars. Total, 15 cars. Oats —No. 3 white. 1 car. Total. 1 ear.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK, Dec. 20.—The Liverpool market showed more strength than New York today. At one time during the morning prices here were fifteen points lower. Ginning figures, as reported by the government, were thirty or forty thousand bales less than expected, and it is now generall ythouaht that the final yield will nardly equal the government estimate. At the aam etlme, it must be remembrd that a nunusually high percentage of the crop is unfit for contract delivery. The obsence of new business gives the market a hopeless look on the surface, but beiow the surface there are manv reasons for buying cotton. Aside from the big amount of untenderable cotton, we should bear in mind the intrinsic worth of cotton and the short hedges that must be bought in as spinners go on with their ordinary business. Once more we repeat ccttor. is not a luxury. It is tied up with manic basic industries. Finally, it ran not os grown profitably at current prices. We think the market is due to advance. NEW ORLEANS High. Low. Close. January 18 91 16.66 16.89 March 17.17 16.95 16.98 May 17.40 17.18 17.20 July 17.55 17.26 17.29 October 17.53 17 35 17.33 December 16.85 16.66 16.69 NEW YORK High. Low. Close. January NT94 16.74 16.77 March 17.23 17.05 17.08 May 17.46 17.29 17.31 July 17.65 17.50 17.52 October 17.64 17.45 17.48 December 17 00 16.75 17.75 CHICAGO High. Low. Close. January 11/00 16.30 16.80 March .............. 17 27 17.04 17.04 May 17.50 17.32 17.32 July 17.66 17.50 17.50 October 17.63 17.44 17.44 December 16.78 16.78 16.78

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Enclosed dad ..........canto, far bulletins marked X: NAME ADDB9MB t** t#ea*n*+en*ne CITY • MSSS9e9ttftHtHM9M999SS STATE., MM9999 1 am a reader of Tbs Indianapolis Tlmea.

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