Indianapolis Times, Volume 41, Number 198, Indianapolis, Marion County, 28 December 1929 — Page 12

PAGE 12

STOCKS CLOSE IRREGULAR IN LATESESSION United States Steel Drops 4 Points From Its High at End of Day.

Average Stock Prices

Average of twenty Industrie* for Thursday was 240.96. up 6 89. Average of twenty rails was 144.70, up .79. Average of forty bonds |ia£ 93.76, off .05. Bv United Press NEW YORK, Dec. 27.—Despite a fair-sized recovery in the last-min-ute dealings, the stock market today closed irregular, with business light and tickers abreast of the market. United States Steel dropped 44 points from its high and recovered more than a point of the loss. General Electric made a similar sweep, as did Westinghouse. American C 1. Montgomery Ward, Radio Corporation and other active favorites. During the first hour the list advanced sharply after a higher opening. Then profit-taking followed, after which rising tendencies were again noted until in the atternoon, when selling set in in earnest. Stock after stock met pressure, but there was no attempt to start a reaction by the bearish element, which contented itself by taking some profits in the early trading and lacked the nerve to place new lines later. Utilities held up well, as did oil shares, although the latter quieted down considerably in the late trading. Rails were inconspicuous, but about steady. Coppers eased off and so did the motor shares. Motors In early trading were strong and active, featured by huge transactions In General Motors and Packard. Call money renewed at 6 per cent and held there all day. This factor. together with the urge to take profits, brought the late irregularity. Early buying was helped by further favorable business reports and a decline of $58,000,000 in brokerage loans announced after the close Thursday. Fox Film A. a strong spot in the early dealings, lost heavily toward the close, despite a rally in the leading industrial issues. Warner Brothers also sold off. Tickers closed at 3:03 p. m. Sales for the day totaled 3,353,840 shares, compared with 2,576,740 shares Thursday. Preliminary Dow-Jones Industrial average was off 0.39 at 240.57 and rails off 0.81 at 143.89.

Banks and Exchange

CHICAGO STATEMENT Bv United Press CHICAGO. Dec. 37—Bank clearings, $99,000,000; balances. $5,700,000. NEW YORK STATEMENT Bn United press NEW’ YORK. Dec. 27.—Bank clearings. $1 116 000 000; clearing house balance. $179,000,000: federal reserve bank credit balance. $154,000,000. TREASURY STATEMENT Bv United Press WASHINGTON. Dec. 37—Treasury net balance Dec. 33. *194.143,454.51; customs recelots to the same date for the month totalled *30.519.064 49.

In the Cotton Market

(Thomson A McKinnon) NEW YORK. Dec. 27.—There was a limited cotton business this morning, but it was at full prices and high percentage was for trade purposes. The near months continued to show the greatest strength. We view such a situation as favorable to a further advance. Stiff premiums are being demanded for good cotton In the south and we believe seveneighth cotton, the lowest staple deliverable on contract, a good Investment. There Is no question that an unusual proportion of this years harvest is below exchange standards. Contracts are sold against such cotton as an Insurance against undue loss, but this class of selling Is alwavs bought In. In this Instance there may be. as a result of such procedure, a big potential buying power. There was nothing in the wav of hedge selling this morning, but mill buying was In evidence. Our favorable opinion of the market Is cnahaken. NEW ORLEANS —Dec. 27 High. Low. Close. March 17.47 17.3* 17 37 May 17.72 17.01 17.63 July 17.90 17.80 17.81 High. Low. Close. NEW YORK High Low. Close. January 17.25 17.14 17.18 March 17-54 17.44 17.46 May 17.77 17.67 17.68 July 17.98 17.87 17.88 October 17.99 17.87 17.87 CHICAGO New York January 17.30 17.12 17.20 March 17.60 17 47 17.49 May 17.85 17.72 17.72 July 18.00 17 90 17.90 October 17.95 17.85 17.85 MOBSMEN GIVE UP Deputy Marshal Is Among Alleged Lynchers. Hi/ United Pres* JACKSON. Ky.. Dec. 28.—Five of six men charged with malicious shooting in warrants sworn to late Thursday by Chester Fugate, 35, just before he died from wounds inflicted by a mob. surrendered to police here Friday. The men all were relatives of Green Watkins, a farmer, whom Fugate shot and killed last week. The mob subsequently took Fugate from the jail here, stripped him. fired nine bullets into his body, and threw him into a snowdrift. The accused are Bent Howard, deputy marshal; I. K. Rice. Allie Watkins, Samuel J. Watkins and Earl Howard, all of near Quicksand. The. sixth man, Leo Watkins of Hazard, notified officers he would surrender. The killing of Watkins was said to have resulted from a family feud. RAW SUGAR TRICES —Dec. 27 High. Low. Close. January 1.88 1.87 1.87 March 2.02 2.01 2.01 May 3.08 2.07 3.08 July ................... 3.14 ,3 14 3.14 September 3.31 3.30 -.20

New York Stocks (By Thomson Ac McKinnon l ————————

—Dec. 27 Railroad*— Prev. High. Low. Cloae. close. Atchison 222 222 223 Au Coast Line .1.0 110 1/0 111 I Bait H, Ohio ....lit* 115 115 115% I Canadian pac .189 187'* 187% 188 Cr.esa Ac Ohio 203 200'* 200'* 201% Chesa Corp 63'* 61% 01% 62 , Baiawin 31'* 30 30% ... cm Ac N West 85 84* 84'% 84 % Cht Ort West .. 14'* l4Va 14'/s 14'* C R I A; P 11348 111'* 1134* 113‘* I Del Ac Hudson . 164 163*. 164 165 | Del Ac Laeka ...139 138 138 138 I Erie 58 56% 57 1 Erie Ist pfd 62* 62% 62% 63% ' Ort Nor 95 95 95 96 | 111 Central 129% 128% 128% 129 I Lehigh Valley .. 72'* 72 72 73 Kan Cltv South 82 81 81 Lou Ac Nash 130 130 130 130 MKAc T 46 * 44 % 44% 46% Mo Pac '. 89 88 88% 88 N V Central ...109% 167* 166% 171% N Y C Ac St L 133 132* 132% .’32 NY NH Ac H .112% 111 111 1114a Nor Pacific 854. 84% 85% 86'* Norfolk Ac West 228% 225 225 228 OAc W . 14% 14% 14'/. 14% Pennsylvania .. 74% 73% 73% 74-* Heading 123 121 121 122 Saab and Air L pf. 25 25 25 Southern Rv ...135% 134 135 133 Southern Pac ..120% 119% 119% 119% St. Paul 25% 24% 27% 24 St. Paul pfd 43% 42 42 42% St. L Ac S W 61 60 60 SO* St L Ac S P ..1096 109 109 108% Texas Ac Pacific 121 121 121 Union Pacific.. .215 210% 210% ... West Maryland. 28% 26% 264. 27% Wabash 56 56 56 56% West Pac 20% 20% 20% ... Rubbers— Ajax 1% 1% 1 Vs 1% Pisk 3% 3% 3% 3% Goodrich 42% 4040 41% Goodvear 65% 64% 64% 64% Kelly-Spgfld .... 3% 3% 3% 3% Lee 6% 6 6 United States 24% 24% 24V. 24'/. Equplraents— Am Car Ac Fdy.. 81% 79% 78% 78'% Am Locomotive.. 100% 99 99 100'* Am Steel Fd. ... 45% 45 45% 46% Am Air Brake Sh 46% 46% 46% ... Man Elec Sup.. 27% 36% 27% 27% General E1ec...236% 329% 230% 232% Gen Ry Signal.. 90% 87% 88 85 Gen Am 'lank. 96% 944* 95% 94% N Y Air Brake . 44% 44% 44'% ... Pressed Stl Car. 8% 7% 7% ... Pullman 87 84% 85% 45% Westlnghse Air B 48% 45% 45% 45'% Westngn Elec.. .138% 133% 135 135% Steels— Am Rol Mills 79 Vs Bethlehem 93% 91 91% 92 Colorado Fuel .. 36% 34% 36% 36% Crucible 85 84 84% 88 Gulf States Btßl. ... ... ... 51'% inland Steel 73 73 73 Otis 31% 30% 31% 30'% Rep Iron & Stl. 78'* 74 74 74% Ludlum 34% 32'/* 33% 33% Newton 39% 39V* 39V* 39% C S Steel 169'* 165 165% 166 Alloy 32 31% 31% 31'* Wairen Fdy 23 22 23 Vanadium Corp. 50% 49% 49% 49 Motors— Am Bosch Mag. 41V* 40'% 40>/ a 40% Briggs 16% 14% 15 15% j Brocxway Mot.. 17% 10% 16% 17% Chrysler Corp .. 37% 35% 36 36% Eaton Axle 28 38 28% 28% Graham Paige.. 10 9% 9% 9% Borg Warner .34 33 33 % 33 Gabriel Snubbrs 5% 5% 5% 5 % General Motors. 41% 40% 40% 41 Elec Stor Bat .. 68% 68 68 68% Hudson 57% 54% 54’% 55 Hayes 80-1 Corp 8% 8% 8% 9 Hupp 22 20% 21 21V* Auourn 205% 198% 198% 201% Mack Trucks .. 72 70V* 70% 71 Marrnon 20% 24V* 24% 25* Rco 11% 1 11 11% Gardner 4% 3V* 4% 3% Motor Wheel ... 27% 26% 26V* 27% Nash 59% 53 53 54 Packard 16% 15*/* 15% 16% Peerless 7% 6% 6% 7% Studebaker Cor. 43'% 41% 41% 42% Stew Warner ... 39% 37% 38% 38V* Timken Bear .. 77 75 75% 74% WUlys-Overland. 7% 7% 7* 7% Yellow Coacn... 15% 13% 14V* 14 White Motor ... 31'* 31% 31% 31% Mining— Am Smelt Ac Rfg 73% 71% 72 71% Am Metals 47'* 47 47% 47 Am Zinc 9% 8 8% 8% Anaconda Cop.. 74% 73'/a 7tV* 73% Calumet & Arlz. 85 84 84 84 Calumet Ac Hecta. 29 28% 28% 29% Cerro de Pasco.. 65% 63 63% 63% Dome Mines 874 Andes 34% 34 34% 33 Granby Corp .. 52 51 51 51 % Gt Nor Ore .... 30 19% 19* 19% Inspiration Cop. 27% 26% 36% 37 Howe Sound ... 38% 37% 38V* 38V* Int Nickel 31% 30% 30% 31* Kennecott Cop.. 58% 57V* 58 57Vi Magma Cop .... 51 48V* 507'* 48V* Mtaml Copper.. 27 27 27 26 Nev Cons 30 29 % 30 29% Texas Gul Sul.. 54% 53* 53% 52% St. Joe 50% 49’/* 50 497* U 8 Smelt 37V* 35 .36 37% Oils— Atlantic Rtg ... 38% 37% 37% 37% Bamsdal! A ... 24 23'/a 23V* 23 Freeport-Texas.. 39% 38V* 38V* 38% Houston OH .... 57 64V* 54% 53V* Indp Oil Ac Gas. 22% 22% 22V* 22'/* Conti Oil 23% 22 23 23% Mld-Cont Petrol 27 26'/* 26% 27 Lago Oil & Tr.. 21% 21 21Ve ... , Pan-Am Pet 8.. 60% 59 59 59% Phillips Petrol.. 35% 33'% 34 33V* Prairie Oil 52V* 52 52 51% Union of Cal .. 44% 44 44% 44% Prairie Pipe .... 57% 57 57 57 Pure Oil 24 2374 24 237 s Royal Dutch ... 53V* 53% 52% 51V* Richfield 23* 34% 24% 23% Shell 23% 33V* 23% 23 Simms Petrol... 24% 34% 24% ... Sinclair Oil 24% 24% 24'/* 23% Skellv OH 31% 31% 31V* 31% Std OH Cal .... 61% 60V. 61V* 6! Std Oil N J .... 65% 64% 64% 63% Std Oil N Y .... 32% 32% 32% 32% Tidewater 12% 11% 12 12 Texas Corp .... 56% 54% 5574 55% Texas CAc O ... 10% 10% 107* 10% Transcontl BV* 8% 8% 87k White Eagle ... 17% 26% 2674 27 Industrials— Adv Rumley ... 13 1274 12% 13 Allis Chalmers .51 5074 51 50 Allied Chemical.3s9 % 357 257'/* 253 A M Byers 87% 84% 847s 84% Armour A 5% 5% 5% 5% Amer Can 17% 114'* 1147* 1147s Alleghany Corp 23% 24 Am Safety Raz 58% Am Ice 39% 38% 39 39 Am Wool 6% 6% 674 7% Assd Dry Goods. 29'* 29 297* 38% Bon Alum 54% 52 74 52 % 51V* Coco Cola 133 131 1317* 1307* Conti Can 50% 49V4 49% 48% Certalnteed .... 14 11% 12% 11% Croslev 20% 19% 19% 19% Congoleum 13% 13% 13% 13% Curtiss W 7% 6% 6% 7% Davidson Chem. 28 V* 38 % 38 7* 28% Dupont 118 114 114 115% Famous Piayers 5074 49 49 49% Gen Asphalt ... 50% 49* 49* 48'k Fox A 37% 20% 31 24% Gold Dust 397s 38% 38% 38% Gltdden 337a 32% 33% 33 Int Harvester .. 79 77* 77% 76% Kelvinator 7% 7% 7% 7% Lambert 97 9574 95% 94 Link Belt 39% 39% 39% ... Loews 46Vs 44 44 44 May Stores 53% 51% 517* 53 Kolster 4* 4 4 4% Montgom Ward. 50 47 % 47V* 48/* Natl b R 7574 73 747. 74 Radio Keith 19 18 18 18 Owens Bottle .. 52 52 52 ... ' Radio Corp .... 43* 41% 4174 4174

Produce Markets

Eggs (County Runi—Loss off delivered In Indianapolis, 46c; benery quality. No 1 54c: No 3. 325i44c. Poultry (Buying Prlcesi—Hens weighing 4% lbs. or over, 23c; under 4% lbs.. 20c: Leghorn hens. 17; springers, b los. or over 21c; under 5 ib6 18c: Leghorn, spring 15c: stags. 15c; cocks. 12#14c: turkeys, young 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 aualitp. poultry quoted by Kingan & Cos. Butter (wholesale)—No. 1. 40®41c: No. 2. 39 0 40c. Butterfat—3Bc. Cheese (wholesale selling rice per pound) —American loaf. 35c; pimento loaf 37c; Wisconsin firsts. 27c; Longhorn. 27c: New York llmberger. 30c. Bv Vnitfd Press ; IW YORK, Dec. 37.—Flour—Dull and steady; spring patents, $6.606.7.10. Pork —DuU; middle west spot. $10.50010.60. Tallow—DuU; special to extra. 7%07%c. : Potatoes—Dull and easy; Long Island, ! $3.5006.25 barrel; southern. $161.25 crate: Maine, $3.8505 barrel: Bermuda. *SO li barrel. Sweet potttoes—Firm; southern baskets, $1.4001.60; Jersey, 75c52.25 basket. Dressed poultry—Quiet, turkevs. 23640 c; chickens, 20 0 40c: capons. 27 0 46c: fowls. 18035 c: ducks. 180 28c. ducks. Long Island. 23 0 28c. Live poultry —Steady to firm; geese. 15034 c; ducks, 146 24c; fowls, 250 35c; turkeys. 256 30c; roosters. 16017 c: chickens. 226 28c; broilers, 30 6 37c. Cheese —Dull- state whole milk, fancy to specials, 36 6 26'ic; Young America. 22%025c. Bu Tutted Press CHICAGO. Dec. 37.—Eggs—Market, firmer receipts. 8,391 cases; extra firsts, 456 47c: firsts. 44 0 44%c; ordinaries, 38 0 41c; seconds. 280 32c. Butter —Market, weak; receipts, 11.922 tubs; extras. 38%c; extra firsts 36%037%c; firsts. 33%035c, seconds. 31031'vc; standards 37 %c. Poul-try-Market. steady; receipts. 3 cars, : fowls, 23c: springers. 22c; Leghorns, 30c; ducks. 160l‘c; geese. 17018 c: turkeys. , 216 24c; roosters. 17c Cheese—Twins, i 20%0 20%c: Young Americas. 23c. Pota- ; toes—On track. 226; arrivals. 84; ship- ( ments. 368: market, about steady; Wisconsin sacked Round White. $2.4002.55; Minnesota and North Dakota sacked Round White. $2.3502.40; Idaho sacked Russets. *2.6502.90. Bu Vnited Prttt CLEVELAND, Dec. 27.—Butter—Extras. 43%c: extra firsts. 41042 c; seconds. 310 33c. Eggs—Extras. 56c; firsts. 50c. Poultry —Fowls. 8c: medium. 26c; springers. 28c; Leghorns. 22; thin springers. 15c; Leghorn springers. 2Jc: ducks, 25028 c; old cocks. lBc: geese. 25c; turkeys, 33035 c. Potatoes—New York. *4.1004.15 per 150lb. sack; Maine Green Mountain. $4,250 4 35; Idaho Russet. $4.25 per 100-lb sack, home grown, $1.6001.65 per bushel sack.

Rem Rand 367s 25% 35% 36 Sears Roebuck.. 94% 87% 83* 92* Union Carbide.. 78% 75* 76 75 Warner 8r05... 42 40 % 40% 41 Un Air Craft ..48 45 46 45% Untv Pipe .... 3Vs 33 3% U SCs Ir Pipe 19% 18% 18% 18% U S Indus Alco 138 133% 134'/* 134 Worthington Pu 70 67 67 69 Woolworth Cos. 72% 69* 70 70% Utilities— Am Tel Ac Tel. 322 217% 217% 218 Am Pr Ac Lt.. 78* 76 77 74% Eng Pub Berv 40% 38% 39% 38* Am For Power. 89V* 85% 85 * 85% Am Wat Wks.. 88% 85 85 85 Gen Pub Serv . 34* 32 32* 31% Col GAc E .... 72 69 % 70', 69 Consol Gas 97* 95ys 95%; 94* Elec Pow Ac Lt. 48 46 46 46 Int T Ac T ... 73% 70* 70* 70 Nor Am Cos 94% 91% 93 93% Pac Light .... 72% 70% 70* 71V* Pub Serv N J .. 79* 76% 76% 76Vi So Cal Edison.. 55'/* 54% 55V* 55% Std Gas Ac El ..116% 112% 112V* 111% United Corp ... 31% 29% 30 30% Utilities Power. 31% 30 30* 30% United GAc Imp 31* 30% 30% 30% West Union Tel. 189 182 186 185 Shipping— Am Inti Corp. 38% 36% 36* 37 Am Ship Ac Com IVs 1 '/s IVs Atl Gulf Ac W I 73% 73‘a 73% 73% Inti Mer M pfd 24% 24',4 24'/* ... United Fruit ...100'/* ... 100 100* Food*— Am Sug Rfg .. 60% 59* 60% 60 Cudhay 48 47% 47% 47* Beechnut Pkg .. 60 60 60 67V* California Pkg.. 67% 66% 67% 59V? Canada Dry .... 64% 63 63 65 Corn Products.. 89V* 88% 88% 88% Cont Bek A.... 44V* 43 43 43% Borden 70 68 % 69 69% Cuban Am Sug.. 7% 7'/* 7% 7'/* Hershey 71% 69% 71% 70 Grand Union .... 13% 12% 13V* 12% Grand Union pfd 36 35 35 35'/# Jewel Tea 47 43 44 43 Kraft Cheese ... 35% 33% 34'/* 35% Kroger 44% 43% 43', 43 Vs Loose Wiles ... 50 V* 48% 49% 49% Natl Biscule ....172% 160 172% 171 Natl Dairy 48 46% 46V* 46% Gen Lands 48% 46% 46V* 46% Loft 4'/* 4 4 4 Stand Grand... 27% 26% 37'/* 36% Ward Baking 8.. 4% 4% 4% 4% Tobaccos— Am Sumatra ... 20 18% 19% 20% Am Tob B 300 198% 198% 199% Con Cigars 45% 45% 45% 45% General Cigar .. 50 50 50 50% Llg Ac Meyers .. 95 93% 94 94% Lorlllard 16 15 15'% 14% R J Reynolds 49'% 43 48 48% Tob Products B 2% 2% 2% ... United Cigar St. 4 3% 3% 4% Schulte Ret Strs 4% 4 4 4'/*

Indianapolis Stocks

—Dec. >7— Bid. Ask. American Central Lie Ins C 0.1.000 •Belt R R Ac 8 Yds Cos com... 58 62 •Belt RR Ac Yds Cos pref 54'/, 59 Central Indiana Power Cos. p. 89 92 •Circle Theater Cos common... 103 Cities Service Cos common .... 22 ... Cities Service Cos pfd 90 Citizens Gas Cos common .... 34 42 Citizens Gas Cos preferred... 95 99 Commonwealth Loan Cos pref. 97 Hook Drug Cos common ...... 43 ... Indiana Hotel Cos Clavpool e. 125 Indiana Hotel Cos pref 10© Indiana Service Corp pref... 70 Indianapolis Gas Cos common 55 60 Indpis Power Ac Lt Cos pfd 100 101% Indpis Pub Welfare Loan As c. 51 tndpls 8t Railway Cos pref... 37 30% •Indpis Water Cos pref 94 Inter Pub Serv C prior L pfd 98 102 Interstate Pub Serv Cos pfd.. 85 92 Merchants Public Util Cos pfd. 100 Metro Loan Cos .; 97% ... Northern Ind Pub Serv C pfd 93 100 Northern Ind Pub Serv C pfd 93 100 Progress Laundry Cos common 45 E Rauh Ac Sons Fertll Cos pfd. 50 Real Silk Hosiery Cos pfd ... 90 ... Standard Oil Cos of Indiana. 53 ... T H Indpis Ac Est Trac Cos pf Terre Haute Trac Ac L Cos pfd 80 Union Title Cos common 44 50 Van Camp Prod Cos Ist pfd.. .. 98 Bobbs-Merrlll 29 33'/* Com Wealth Loan Cos pfd 7% 96% ... Share Holders Invest C0r.... 34 38 •Ex Dividend. —BONDS— Bid. Ask. Belt R R Ac Stock Yds Cos 4s. 85 Broad Ripple Trac Cos 5s .... 39 ... Central Indiana Gas Cos 5s Central Indian Gas Cos 55... 97 99 Citizens Gas Cos 5s 99 100 Citizen Street Railroad 5s ... 45 Gary Street Rv Ist 5s 70 Home T Ac T of Ft Wayne 65.102 Indiana Hotel Cos 5s 97 Ind Northern Trac Cos 5s .... 3 5 Ind Railway Ac Light Cos 55.. 95 97 Indiana Service Corpn 5s .... 85 Indpis Power Ac Light Cos 55.. 98 100 Indiana Union Trac Cos 55.... J Indpis Col Ac So Trac 6s 95 100 Indpis Gas Cos 5s 98% ... Indpis Ac Martinsville T Cos 5s Indpis No Trac Cos 5s 7 12 Indpis Ac Northwestern T Cos 5s Indpis Street Rv 4s 43% 48V* Indpis Trac Ac Terminal Cos 5s 91% 93 Indpis Union Ry 5s Jan 99% 101 Indpis Water Cos 5%s 101 104 Indpis Water Cos 5%s 101 104 Indpis Wat Cos lien Ac ref ss. 1 92 Indpis Water Cos ,4%s 91 94 Indpis Water Works Sec Cos 5s 80 ... Interstate Pub Serv Cos 4%5. 85 Interstate Public Serv Cos 55.. 95 No Ind Pub Serv Cos 5s 96 No Ind Teleph Cos 6s 95% .. Terre Haute Tr & Light Cos 5s 86 91 Union Trac of Ind Cos 65.... IS ...

In the Stock Market

(Thomson & McKinnon) NEW YORK. Dec. 27.—As the days pass, bringing us to the close of the year. It Is becoming more evident that the atock market Is telling us an important story, one worthy of our close attention. A story of the large pyramid that was leveled, its foundation exposed to view. The story tells of the years over-valuation in one case, over-speculation in another, overextension of debts in another. The story is not an original one. it is merely a reptltlon of past experiences. But it is new to many millions who have not participated in previous bull movements and in the succeeding crashes. To those who are without personal knowledge of the malor up and down swings of the past, we wish to remind them of a very important word, relativity. Use this word now in your market calculations. When you read of steel production being sharply off. think of the fact that United States Steel is no longer quoted at $241 a share. When you read that utilities were over-valued, lake note of the fact that American Telephone and Telepgraph is no longer $3lO, nor is Consolidated Gas at $163. prices that prevailed during the year. If the price of copper metal is off. think of the fact that the price of Anaconda is down from $174. If your attention is directed to a poor quarter in the motor industry, think at the same time of the fact that General Motors ras declined to Its present level from s9l a share. By such a process of common sense reasoning, the people will reach the conclusion that the stock market has discounted over-valuation, over-expansion, over-extension of indebtedness. as well as the seasonal reaction of trade. This is a good time for the investor. New York Curb Market (By Thomson & McKinnon) —Dec. 27 Close. Allied Power 34 Arkansas Gas Assd Gas A 38% Am Super Power 23% Aviation Corn 21 % Blue Ridge Corpn 7% Cities Svc 26>/2 Consolidated Retail S 10 Cons Gas Balto 89% Canadian Marconi 3% Cord Corpn Curtis Flying "% Deforest Radio 4% Durant Motors 3 E'sler Eire J'% Fokker Ford England 10% Fox Theat*r • . Gen F’“C England 11% Gen Theater Eq 27% Go'diran Srchs 3'% Gold Seal Elec J% Gulf Oil P*nna 137 Humble Oil 83% Hudson Bov 8% Tmn OH o-"da 27 Insult Utilities JO Int Pete >7 H Tot. Soer Power 3. Cos Mid West U New 3*% Mountain 8 v*ea-a At Hudson 1 1 % Newmont Mining inVa Ohio Oil 71 Oil Oorpn Pete Corpn I”’'* w-ndeuttal Tnv 17% r. Erod s % Rt R*gis New 30 <=.lt Cree>r 9% Selected Tnd 5% s*and o*l Tnrttrna $ % *s**>ort o*l wansas ?3 Stand o*l Kv *3% o*l Ohio i B°% stuts Motors 3% m—n* o-nt Air Trans 7% ITlen * Cos 17% to.* g. power A 7*% TTnlted Verde 13 mime Fo vr-enum OH 95% We’green A Cos 31 New York Liberty Bonds 37 - 3%s 99.13 Ist 4N? 161. nh *v,s 101.12 Tr 1952 111.6 Tr 4a 1954 107 6 Tr 3%s 99 20 Tr 3H* W. 17

THE INDIANAPOLIS TIMES

PORK MARKET OFF 25 CENTS AT STOCKYARDS Lambs Strong and Higher; Veals Up, Selling at $lB Down. Dec. Bulk. Top. Receipts. 20. 9.75 9.85 8.000 21. 9.50 9.60 3.000 21. 9.50 9.60 3.000 23. 9.90 10.10 3.500 24. 10.15 10.15 6.000 26. 10.15 10.25 9.000 27. 9.90 9.95 12.500 Hogs were mostly 25 cents lower than Thursday’s average, at the Union Stockyards. The bulk, 160 to 300 pounds, sold at $9.90. Two loads of good and choice butchers were selling at $9.95. Receipts were estimated at 12,000; holdovers 248. Cattle market strong to unchanged, with a slaughter class of steers selling at Thursday's best prices. Vealers were largely 50 cents higher, selling at $lB down. Sheep and lambs were strong to 25 cents higher, with a better grade of good and choice lambs selilng at sl4 down. Chicago hog receipts 25,000, including 4,000 directs: holdovers, 4,000. Market slow, with few early bids 15 to 25 cents lower than Thursday’s average, few light choice of 150 to 220-pound weights, sold at $9.70 to $9.75. Choice of 250 to 300 pounds, were selling $9.50 to $9.60. Receipts, 3,000; sheep, 15,000. —Hog*— Receipts. 12,000; market, steady. 350-300 lbs. and up $ 9.50.'® 9.90 325-350 lbs 9.90® 9.95 160-200 lbs 9.90 130-160 lbs 9.50® 9.75 90-130 lbs 8.75® 9.40 Packing sows 7.75® 8.50 —CattleReceipts. 700; market, steady. Beef steers. 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 [email protected] 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 6.50® 8.25 Lower cutter and cutter .... 4.75® 6.50 Stocker and feeder steers, good and choice [email protected] Common and medium 6.50® 8.50 —Veals— Receipts, JOO; market, higher. Medium and choice $14.00018.00 Cull and common 7.50014.00 —Sheep— Receipts. 3,000; market, higher. Lambs, good and choice $13.00014.00 Common and medium 10.60® 13.00 Ewes, medium to choice 4.00® 6.00 Cull and common 4.00 @ 6.00 Other Livestock Bv United Press CHICAGO. Dec. 27.—Hogs—Receipts, 25,000, including 4,000; market opened 15@25c lower; late trade active. 10@15c lower; top. $9.85; bulk, 140-300 lb. weights, $9.55 @9.75; weighty butchers mostly, $9.60; pigs. [email protected]; butchers, medium to choice. 250-350 lbs.. [email protected]; 300-250 lbs.. [email protected]: 160-200 lbs.. [email protected]; 130-160 lbs., $9.40®9.85; packing sows, *8.1008.85; pigs, medium to choice, 90-130 lbs., $9 @9.75. Cattle—Receipts, 3,000. Calves—Receipts. 1,000; supply of steers mostly short feds; market slow, around 25c lower; fat she stocks generally steady; bulls strong to 25c higher; vealers, 50c higher; slaughter classes, steers good and choice 1,300-1.500 lbs.. *12(515.50; 1,1001.300 lbs.. *12.25@16; 950-1.100 lbs.. *12.50 @16.25; common and medium 850 lbs. up. *8.25012.75; fed yearlings, good and choice 750-950 lbs.. *12.75016.25: heifers good and choice 850 lbs. down. [email protected]; common and medium. *7.75® 11.50; cows, good and choice. [email protected]; common and medium. $6.25@8; low cutter and cutter. $4.50 @6.25: bulls good and choice beef. s9® 9.15; cutter to medium. *[email protected]; vealers milk fed. good and choice. [email protected]; medium. sl2® 13.75; cull and common, $7.25 @l2; Stocker and feeder steers, good and choice all weights. $10.500510.75: common and medium, *8.25010.25. Sheep—Receipts. 15.000; market, steady, spots 25c lower; bulk fat lambs. $13.75@14; early top. sl4; fat ewes. *[email protected]; feeding lambs quotable steady. Lambs good ana choice 90 lb. down. *13.25014.35; medium. $11.75 0 13.25; cull and common. slo® 11.75; ewes, medium to choice. 150 lb. down. $4.50@6: cull and common. $2.50 04.75: feeder lambs, good and choice. $11.75012.75. Bu Times Special LOUIBVILLE, Ky., Dee. 27.—Hogs—Receipts. 1,400; maiket, 50c lower; 175 lbs. up, S9.JO; 130-175 lbs., $9; 130 lbs. down. $7.65; roughs, $7.75; stags, $7.15. Cattle — Receipts, 100; market, steady; prime heavy steers, *11.50® 13; heavy shipping steer3, $10011.50; medium and plain steers, $8.50@10; fat heifers. *B@l3; good to choice cows, $709; medium to good cows. s6@7; cutterS. $5.5006; canners. *4.50@5; bulls. *6 0 8.75; feeders. sß® 10.50; Stockers, $7.50010.50. Calves—Receipts. 200; market, 50c higher; fancy calves, $15.50; good to choice, $12.50@15; medium to good. $9.50@ 11.50; outs, $9.50 down. Sheep—Receipts. 50; market steady; ewes and wethers. $12.50; buck lambs. *11.50; seconds. ss@B: sheep. $4@S. Thursday's shipments; Cattle, none; calves, 98; hogs, 148; sheep, none. Bv United Press TOLEDO, Dec. 27.—Hogs—Receipts, 700; market, 35c to 40c lower than Thursday's high; heavies. $9.25 09.50; mediums, $9.60 @9.75; Yorkers, [email protected]; pigs, $9,250 9 50. Cattle—Receipts. 100; market, slow; Calves—Receipts, light.; market, strong. Sheep and lambs—Receipts, light; market, slow. Bv United Press CLEVELAND. Dec. 27.—Hogs—Receipts, 1.200: holdovers. 41; desirable hogs steady to 10 cents or more lower; 150-300 lbs.. $10.40 down: 130 lbs. down, $10; sows. $8 @8.25; stags. $6.25. 25 cents lower. Cattle —Receipts. 100; active, strong to higher; common steers, [email protected]; fat cows. s7® 9; cutter grades. [email protected]. Calves—Receipts. 200: active 50c or more higher; better grade vealers. *19020; medium, *15.50018 or better; culls. $12013.50. Sheep—Receipts. 700; desirable lambs. 25c lower. $l4O 14.25 mostly; others steady, heavies. $12012.50; medium throwouts, *ll @l3; fat ewes. [email protected]. Bv United Press PITTSBURGH. Dec. 27.—Hogs—Receipts. 1.600; market. 20c lower; bulk 240 lbs. down. [email protected]; 260-300 lbs., *10.15® 10.25; few medium quality light pigs. slo® 10.25; sows steady at *8.3508.75. Cattle — Receipts, none. Calves—Receipts. 75; market. *1 higher: top vealers. S2O. SheepReceipts. 550; market, steady to weak; bulk fat lambs. *l3O 14.25; few closely sorted. *14.50; aged wethers. [email protected]. Bv United Press EAST BUFFALO, N. Y., Dec. 27.—Hogs— Receipts. 1,900; holdovers. 1.500; weights below 160 lbs., fairly active to shippers. s@lsc lower. $10.500 10.60; 120-240 lbs. slow, mostly 25c lower, $10.25; packing sows. $8.1508.65. Cattle—Receipts. 175; steady, medium steers and heifers, $11.25; all cutter cows. S4O 6.25; calves, receipts. 150; vealers. active. 50c @sl higher; good to choice, most sl9, few S2O. Sheep—Receipts, 4,000; fat lambs draggy. 25c and lower; others, steady; good to choice. $13.75014.25; medium and strong weights. $11.75013; fat ewes. *5.7506.50. Bn United Press CINCINNATI, Dec. 27.—Hogs—Receipts, 3,600, holdovers, 640; slow; butchers, 180270 lbs. mostly, *lO or 50c lower; light weights and packing sows. 25c lower; bulk 150-170 lbs.. *9.75: most 125-145 lbs.. $9.50; pigs under 120 lbs., $9.25 down; bulk sows. *7.750 8. Cattle—Receipts, 450; calves. 300; steady, better grades scarce; load good 1250-lb. steers. sl3; bulk butcher cattle, *5.25 07: bulk bulls. *7@9; veals mostly *1 higher, top *18; bulk above *l6; cull down to *ll. Sheep—Receipts, 355; lambs, mostly 50c higher than Monday. best 70-80 lbs.. *l4; others, *13.50 down: common and medium and throwouts and bucks. *10011; sheep, cteady; best light ewes. *5.50; commons. *4 down. Rediscount Rate Stationary CHICAGO, Dec. 27.—The Federal Reserve bank of Chicago has made no change in its rediscount rate of 4% per cent, it was announced following the meeting of the directors today.

Business — and — Finance

Bv United Press CHICAGO, Dec. 27.—Notices have been mailed to stockholders of the Standard Gas and Electric Company and the Standard Power and Light Corporation of a special meeting in Dover, Del., Jan. 7, to approve changes in the corporate structures of the companies which "will unite them in a more compact system and provide a favorable basis for further expansion.” Central Alloy Steel Corporation, Massllon, 0.. is pushing plans for Increased productive facilities for Enduro stainless steel and prerent capacity output will be greatly expanded in January. It Is announced bv F. J. Griffiths, chairman. Demand for the material Is growing rapidly and the company Is fourteen weeks behind in its deliveries. Present stimulation of demand has resulted chiefly from the adoption of stainless for trim and bright parts of new models by a number of leading automobile companies. Commodity prices, on the average, after declining to the lowest levels since August. 1927, have recently shown a steadier tendency. Irving Fisher’s weekly price Index lor the week ending Dec. 15 was 92.6, the same as a month sen. This compares with the 1929 high of 99.2 at the end of July. A year ago the index was 96.8. Despite the recent halt in the downward trend, no eonsplcuous recovery Is In immediate prospect. It is probable that further sagging will he In evidence before any real strength develops. n.v Times Special CHICAGO, Dec. 27.—Chill has placed a large order for films with De Vry School Films, Inc., subsidiary of Q. R. S.-De Vry Corporation. At the same time it was stated that the minister of marine of Peru has ordered films on electrical subjects from the company. The health department of the government of Mexico has requested Immediate delivery on health and hygiene films to be used with De Vry projectors. The Ohio Oil Company has called a special meeting of stockholders for Dec. 30 to vote on an increase In capital stock by the Issuance of anew 6 per cent preferred and to exchange the new stock for that of the Illinois Pipe Line Company. Stockholders will vote on the creation of 360.000.000 of 6 per cent cumulative preferred stock consisting of 600.000 shares of *IOO par value which will be offered to Illinois Pipe Line stockholders on the basis of three shares for each share of Illinois Pipe Line Company stock. The latter has outstanding 200.000 shares of SIOO par capital stock. Illinois Pipe Line Company was organized in 1914 to take over the pipe line properties of Ohio Oil Company. Its 200,000 shares being distributed ratably among holders of the 600,000 shares of Ohio Oil stock outstanding at that time. There are now outstanding 2,400,000 shares of Ohio Oil stock of *25 par value. Indiana Pipe Line Company has declared an extra dividend of 25 cents a share and the regular quarterly dividend of 50 cents a share (Kith payable on the $lO par value stock of Feb. 15 to stockholders of record Jan. 24. This Is the same regular and extra payment as declared In the preceding quarter. Automobile production In November was radically curtailed to the lowest rate of the year. The output in the United States and Canada is estimated at 225.000 as compared with 395.000 In October and 663,000 In April, the record month. For the third consecutive month automobile production was smaller than in the corresponding month a year ago. In November last year the output totaled 269,000 ears. rtv Times Special NEW YORK. Dec. a7.— The holiday demand for hardware reached its peak during the past week. Hardware Age will sav in its weekly market summary; Jobbers In many of the principal markets were forced to work night and day to fill the avalanche of rush orders for holiday merchandise. Wholesalers in the middle west have reported that their holiday sales totals have been the largest In history. Other sections advise that Christmas trade was about on a parity with last year. Lumber prices were reduced during the past month to the same level as a year ago. With demand for softwood smaller than last year and steadily decreasing, some further prlce-euttine should make its appearance. Softwood lumber orders in N ivember showed a further decline of 17.3 per cent under a year ago. Production was reduced somewhat. Hardwood lumber demand was considerably curtailed in November, with orders for the month totaling 30.6 per cent I** s than in November. 1928. In spite of the decrease In the amount of hardwood cut. production in November was still far out of line with demand. In both hardwood and softwood stocks increased and unfilled orders decreased. The sugar market has recently shown a slightly firmer tendency on the possibility of some curtailment of the Cuban sugar crop. Estimates of the Cuban crop show considerable variation. The Cuban department of agriculture recently estimated the yield at 4,545,000 long tons, while private estimates have run as high as 4,900.000 tons. The largest estimate, however, is below the 1928 record production of 5.156.000 tons. Brooklyn-Manhattan Transit’s earnings for the first five months of its current fiscal year ended Nov. 30. were equal to $2.56 per share, and all indications are that final net for 1929-30 will establish anew high record. Domestic consumption of cigarettes continues to run considerably ahead of last year. However, consumption of cigars and smoking tobacco have declined. and the foreign demand for both leaf tobacco and cigarettes also slumped off. The main factor responsible for the decrease in exports of cigarettes was the drop of 67.5 per cent in the Chinese demand because of that country’s external and Internal strife. National Transit Company has started work on a ten-mile loop of 6-inch pipe line from its Duke Center station to Simpson. Pa., which will Increase the capacity In the southeasterly movement of crude oil to 15,000 barrels datly. It Is believed the loop will be completed by earlv February. The Duke Center station Is being enlarged to handle 25.000 barrels a day. The National Transit Pump and Machine Company, a wholly owned subsidiary, has received an order for eighteen hot oil pumps, which with other unfilled orders. Is expected to keep the Transit plant working full time during the winter. Commercial failures In the United States will be somewhat less numerous in 1929 than they were either in 1928 or the year prior to that time, according to the records of R. G. Dun At Cos. Some increase in the number of defaults will appear for December, not only In comparison with the preceding months, which Is quite in accordance with the usual custom, but the number will also be slightly higher than for the corresponding month of the preceding year. Liabilities, too. will be heavy, especially for December. In which month there have been numerous large failures, although the total for 1929 will be less than for both of the preceding years. . With the closing month of 1929 partly estimated, insolvencies in commercial lines for the year will number 22.922. with liabilities of *473.995.082. These figures compare with 23.842 similar defaults In 1928. owing $489,559,624 of Indebtedness. The Increase In the new tobacco crop of 8.9 per cent over last year was large enough to offset decreases In both the carryover and Imports and to leave a supply at the end of October 7.4 per cent larger than at the -.same time In 1928.

Local Wagon Wheat

City grain elevators are paying *l.lß for No. 2 red wheat and $1.14 for No. 2 bard wheat HOME BONDS ARE SOLD Three Banks to Share in $139,800 Issue for Construction. Sale of bonds totaling $139,800 for building an enlargement to the Board of Children’s Guardian’s home today was awarded by county commissioners and County Auditor Harry Dunn, to the Union Trust Company, the Fletcher Savings and Trust Company and the Fletcher American National bank. Interest rate offered by the three bidders was 4*4 per cent. Premium of $3,275 was offered.

WEAK FOREIGN CABLES FORCE GRAINSJ.OWER Lack of Aggressive Support Is Main Factor in Wheat Mart. BY HAROLD E. RAIXYILLE United Press Staff Correspondent CHICAGO, Dec. 27.—Wheat closed .sharply lower on the Board, of Trade today as a result of the weak foreign cables and the lack of aggressive support. Weakness at Liverpool was partly due to selling from this side and there was also American selling at Buenos Aires. Prices hovered around $1.34 for May, meeting some support when lt hit that figure and encountering selling if it rose much above it. Corn and oats were weak with wheat. At the close wheat was 1% to 174 cents lower, corn was % to 1 cent lower, and oats was a g to % cent ' lower. Provisions were slightly weak. Liverpool closed 1% to 3*4 cents lower and at midday Buenos Aires was 1 to 114 cents lower. Lack of export business was the most disappointing factor. Liverpool cables that buyers there are not willing to follow the advances here. The large export business just before the holidays has enabled the continent to resume its waiting game. Cash prices were 4 to 1 cent lower. Receipts were 3 cars. Corn was off fractionally with wheat during the morning. The trading was very dull and mostly between locals. Receipts were slightly smaller today. Cash prices were unchanged to % cent lower. Receipts were 184 cars. Oats was down slightly at midsession due to the weakness in the major grains, but had a dull and featureless trade. Cash prices were unchanged. Receipts were 20 cars. Chicago Grain Table —Dec. 27 ■WHEAT Prev. Open. High. Low. Close, close. Dec... 1.34% 1.25% 1.24% 1.25 1.36% Mar.. 1.30 1.30% 1.30 1.30% 1.32% May.. 1.34 1.34% 1.33% 1.34'4 1.35% Julv.. 1.34% 1.35 1.34% 1.34% 1.36% CORN— Dec... .91% .91% .90% .90% .91% Mar.. .93% .93% .93% .93% .93% May.. .95% .96% .95% .95% .96% July.. .97% .97% .97% .97% .97’/. OATS— Dec.. .47'/, .47% .46’/, .47 .47% Mrs... .48% .48% .48% .48% .48% May.. .49% .49% .49% .49% .49% sales -18% Dec... 1.06% 1,06% 1.05 V, 1.05% 1.07% Mar.. 1.05% 1.06 1.04V* 1,04% 1.06V* May.. 1.04% 1.04% 1.03'/* 1.03% 1.05% July..No sales 1.04% LARD— Dec.. 9.92 Nominal 9.90 9.95 Jan. 10.15 10.17 10.15 10.15 10.15 Mar. 10.35 10.37 10.35 10.35 10.37 May. 10.60 10.62 10.60 10.62 10.52 BELLIES— Dec..No sales 11-37 J• Jan. 11.60 Nominal 11.60 11.60 May. 12.20 12.25 13.20 12.22 12.17 nv Times Special CHICAGO, Dec. 27.—Carlots: Wheat. 6; corn, 314; oats, 53; rye, 304. Bv United Press CHICAGO, Dec. 27.—Cash grain close: Wheat/—No. 2 northern, $1.24%@1.25%. Corn (new) No. 3 mixed. 86c; No. 4 mixed. 82%@84%c; No. 5 mixed. 80® 81 Vic; No. 6 mixed. 79@80c; No. 2 yellow. 93@93%c; No. 3 yellow. 87%&92%c; No. 4 yellow, 83 0 86c; No. 5 yellow, 81®85c; No. 8 yellow. 78@81Vic; No. 4 white, 84%@ 85Vic; No. 5 white. 84c; No. 6 white. 79® 80c; sample. 670 77Vic. Oats—No. 2 white. 46%c; No. 3 white. 46@46V4C; No. 4 white. 45c; sample grade. 43%c. Rye—No. 2, $1.05V4@L05%. Barley—s9@67cv Timothy— $5.50® 6.35. Clover—slo.sool*. Bv United Press TOLEDO. Dec. 27. —Cash grain close: Wheat—No. 2 red. *1.32 01.33. Corn—No. 3 yellow, 94@95c. Rye—No. 2, *1.06. Oats —No. 3 white (new). 50%®5i%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. 11.35; March. $11.50; Imported, cash (old). *10.25. Timothy (old), $3; cash (new). $3.25- December, $3.25; March, $3.40. Alsyke—Cash. $lO-75; December. $10.75; February. $10.85; March, 11. H^y—*l.2s cwt.

Cash Grain

The bids for car lots of grain at the call of the Indianapolis Board of Trade, 1. o. b. basis 41%c New York rate, were: —lnspections Wheat—No. 3 red, 1 car; No. 5 mixed, 1 car. Total, 2 cars. Corn —No. 4 white, 1 car; No 5 white, 1 car; No. 1 yellow, I car; No. 3 yellow, 1 car; No. 4 yellow, 2 cars; No. 5 yellow 12 cars; No. 6 yellow, 8 cars; sample yellow, 6 cars; No. 5 mixed. 4 ears; sample mixed, 4 cars. Total, 41 cars. Oats—No. 3 white, 1 car; No. 4 white, 1 car. Total, 2 car. . „ Rye—Sample, l car. Total, 1 ear. Bv Times Special CHICAGO, Dec. 27.—Primary receipts: Wheat, 497,000 against 846,000. Corn, 814,000 against 1,565,000. Oats, 215,000 against 332,000. Shipments; Wheat, 343,000 again 465,000. Corn, 665,000 against 911,000. Oats, 197,000 against 241,000.

On Commission Row

FRUITS Apples—Delicious, box extra fancy, *3.40; choice. *[email protected]: Jonathans. *2.75: Grimes Golden. *3.25; New York Duchess *2.25® 2.50: Gravenstein. *3: Wolf River. *2.50; Staymen Box, $2.75 Cranberries—s 4 a 25-lb. box: $8.25 a 50-lb. box. Grapefruit—Florida. *6.5007. Grapes—California, seedlese 83.50 a crate; Emperor. *2.50®2.75 a crate. Lemons—California, a crate $13.50914 Llr es—Jfcmacia *2®2.50. Granges—California Valencia. $4.5008.50 Strawberries—sl.3s a quart. Tangerines—*3 50 a crate. VEGEIABLE* Beans—Florida *4.75®5 a hamper. Beets— Home-grown doz 40c Carrots—California, crate. *3.50. Cabbage—*3.so a oarrei , Celery—Michizan 90c Idaho lIJS a dozen bunches. Cauliflower—Colorado, crate. *3. Cucumbers —Florida, *7 a crate. Eggplant- *2.50 a dozen: $6 a hamper Kale—Spring, a bushel *l.3* Lettuce—Calilornia Iceberg. *6.50 a crate; home-grown leaf a bushel. *1.65. Mustard—A bushel. *l. Onions—lndiana vellow $2.25 a 100-lb oag: white. 60-lb bag 11.76. Parslev—Home-grown doz ounebea 45c Peas—California. $8 a hamper. Peppers—Florida *9 a crate Potatoes—Wisconsin and Minnesota wnlte. *4.5004.75 a 160-lb. bag; Red River Ohlos 120 lbs. $3.90: Idaho gussets. *4. Radishes—Button hothouse dozen hoc Southern lone red. 15@25c dozen Sweet potatoes—lndiana Jersey. *2.75 a bushel. No. 2. $1 65 a bushel: Nancy Halls $2 a hamper. Tomatoes—California $3 a bag; hothouse $1 85 a 8-lb. basket. Bv United Press .... . . , CHICAGO, Dec. 27.—Apples per bushel, *1.5003.05. Marriage Licenses Everett M. Lowery. 41. of 3508 Birchwood, salesman, and Margaret Arnold, 36. of 5845 Julian, clerk. Dobry Evanoff, 41, of Terre Haute, miner, and Geneva D. James, 35, of 312 South Roena, cook. MerUn C. Johnson. 21, of Vincennes, contractor, and Dorttaa M. Peters, 19, of 5226 South Eastern. Jeff D. Coleman, 22, of 814 East Pratt, clerk, and Flossie M. Fisher, 20. of 229 East Pratt, clerk. _ - Waldemar Pendrup, 43, of Chicago, Ul.. manager, and Bertha L. Engel, 31, of 914 North Jefferson, stenographer. Dies After Auto Accident Bv United Preee PHILADELPHIA, Dec. 27.—Scott B. Mercier, 82, of Washington, died after an automobile accident on Christmas eve. He was an official in the bureau of Indian affairs in Washington for a fluartar pan toy.

Chicago Stocks

(By James T. Hamlll Ac Cos.) 1 TOTAL SALES 305,000 —Dec. 37High. Low. Last. Adams Mfg 2V 38% 29 Allied Proaucts 33 Amer Equities 15 Art Metal Works 19% 19 19 Assoc Telephone Util ... 31% 30% 30% 9uburn Automobile ....305 195 195 Bendix Aviation 35 33% 34 BOrg-Wamer 34% 32% 33 Brown Fence Ac W 1 A. 17V* Brown Fen & Wire 8.. 13 Burnham Trading ... 36% 38 20% Butler Bros le'j 16 l% Castle A M 48% ... ... Cent 111 Securities ... 26 35% 15% Cent Pub Berv Class A 35% 35-'* 35% Cent Ac So West 32% 21% 21% Chicago Oorp 13% 12% 13 Chicago Corp pld ..... 38 37% 37% Commonwealth Edison 244 338% 240 Construct Materials ... 15% 15% 15% Continental Chi ctfs .. 66 65 65V* Cord Corp 13 11% 11% Corp Securities 55% 52% 55 Electric Household .... 43% 41V* 42 Electric Research Lab. % Grigsby Grunow 22% 20% 21% Hart-Carter ...20V, ... Hourallle-Hershey "A" 33 23 23 Houdallle-Hershey ”B" 31 19 19 Insull Util invest 61% 58% 59% Insull Ut In pfd ex-war 84 82% 82% Iron Fireman 34% 24 24% Kalamazoo Stove 61% 59 59 Kellogg Switch com .. SV 4% 4% Ken-Had Tube & Lamp 7 6% 7 Keystone Steel 20% 19% 20 Libby McNeil 17 16% 17 Lion Oil Re lining C 0... 20 19% 19% Lynch Glass Machine.. 13 12 12 Manhattan-Deartx>rn.. 34-% 33 34% Merchants Ac Mfrs A ... 18% 17 18% Middle West Util new. 26% 25V* 36 Midland United 22% 31% 32% Mohawk Rubber ...... 9 ...' Natl Elec Power A .... 29% 39 39 National Repub Inv ... 9% 8% 8% National Securities Inv 12 % 13 12 Natl Secur Invest ctfs 70% 70 70 National-Standard .... 33 32 33 North American Car... 36Vi N Amer Light Ac Power 67% N Ac S Amer Corp 16 16 15 Ontario Mfg 33V* 31 32% Pacific Pub Service A.. 39% Parker Pen 36% 36 36 Reliance Mfg Cos 16 14% 16 Ross Gear 30 39 30 Ryerson Ac Son 34 Seaboard Utilities Share. 6% 6 6 Standard Dredging Cos.. 21% 20'/* 21 Steinlte Radio 3% 3% 3% Unit Corporation 11% 10% 11 Unted Reproducers .... 1% U S Radio Ac Tel 8% 6 8% Utah Radio 5% 5 5 Utility Ac Ind 31% 20 20% Utility Ac Ind pfd 36% 25% 20% Wextark Radio ....... 24 ... ... Winton Engine 38 37 37 Yates Machine 13% 13 13 Zenith Radio 8% 7% 7% DRY LAW FETES Will BE HELD Local W. C. T. U. Groups Will Celebrate. Two luncheons with addresses, one at Christ church and the other at 220 Century building, will feature the celebration of the tenth anniversary of the adoption of the eighteenth amendment by the W. C. T. U. of Indianapolis and Marion county on Jan. 16. Music and short talks reviewing the history of prohibition form the program to be given by the Central union of the W. C. T. U. at Christ church. The Meridian union of the dry organization will combine with the Marion county W. C. T. U. to celebrate the day with a luncheon in the home economics room in the Century building. In a statement urging observance of the day by all “w’hite ribbon" organizations of the state. Mrs. Elizabeth T. Stanley of Liberty, state president of the W. C. T. U. said: “Ten years of protection from drink and the colleges and high schools have almost doubled their population. Home comforts have tripled, the health of our people improved. years of usefulness multiplied, and efficiency increased.” A membership drive for union in the state is planned for the week of April 7 to 12. A house-to-house canvass will be made.

They ’Fess Up Havana’s Lure Too Much for Park Officials; ‘Forgiven.’

HONEST confession is good for the soul—and the pocketbook. Adolph G. Emhardt, park commissioner, and R. Walter Jarvis, park superintendent, went to Miami, Fla., to attend the national park conference at park board expense. Their funds provided only the trip to Miami, but the proximity of Cuba was too tempting and the two made a ‘pilgrimage” to the “shrine” at Havana for an “outinsr.” Ret/’ming home, they “confessed” and todav were granted S7O each additional for the "outing” exnense. The two reported the entire convent'cn deserted Miami and moved, en masse, to Havana for a "session.” Births Boy* Paul and Amelia Omundson, Methodist hospital. Harry and Bernice Newburg, Methodist hospital. William and Anna Dill. 1801 Ludlow. Arthur and Anna Ellison. 922 Colton. Julius and Geraldine Rhodes, 1143 North West. Girl* Alvin and Kathryn Coulter, 2121 Brookside. Ouy and 6arah Johnson, 4622 East Twenty-first. Charles and Elsie Thompson, 534% Indiana. Deaths Roach Nix. 50. 335 West Sixteenth place, cerebral hemorrhage. Albert L. Moseley. 47, 210 Pleasant, pulmonary tuberculosis. Virginia Caroline Waller. 32, city hospital. lobar pneumonia. Anna Eliza Fields, 50, city hospital, arteriosclerosis. . _ , Myrtle Louise Carrico. 6. city hospital, cerebro spinal meningitis. Charles Nathan Carrico. 7. 2710 North Oxford, cerebro spinal meningitis. Berry Bmlth. 16, city hospital, eerebro splr.al meningitis. Thelma Clark, 11 months, 702 North Elder, acute bronchitis. Infant Gels. 6 hours, 18 East St. Joseph, premature birth. Laford G. Kersey. 59, 249 North Tremont. acute dilatation of heart. James Sullkvan, 62, 1205 Deloss, cerebral hemorrhage. Mary B Balay. 74, 1120 North BevUle. cerebral hemorrhage. Thomas Ftinagan. 72, 48 Hendricks place, arteriosclerosis. Otl.v Patterson, 2, city hospital, broncho pneumonia. Elliott Wesley Summers, 68, 454 Goodlet, cerebral hemorrhage. William Smallman. 48. Long hospital, chronic nephritis. NEW YORK COFFEE RANGE —Dec. 27 High. Low. Close. January March 7.34 7.24 7.24 May 7.21 7.13 7.13 July 7.20 7.13 7.13 IWMto u u$ u

JDEC. 28. 1929

BARNARD RAPS SUPERFICIALTY f OF STATE FAIR Racing Is Overestimated, Education Neglected, Says Honey Expert. Overemphasis on racing and hotdog vending to the detriment of educational work was declared a woeful shortcoming of the Indiana state fair by Dr. Harry E. Barnard, president of the Ameri-*. can Honey Institute. “Indiana’s state fair should be 1 a great experiment in adult education,” said Dr. Barnard, addressing the Indiana beekepers Friday at the statehouse as president of the American Honey Institute. “It should teach the thousands who attend the great value of agriculture in this state as an industry. Stress should be placed on. merchandising agricultural products ad not on racing or vending hot-dogs. Linked With Schools “The Indianapolis fairground is one of the best in the country. It should be linked with the schools as part of the public education program.” “f Dr. Barnard appeared on the program following Secretary E. J. Barker of the state fair board. Barker had stated that competition for honey and hive prizes at the fair is falling off each year. Barnard offered the emphasizing of merchandising as a remedy. Marketing honey is the main study being conducted by the institute of which he is the head. Defeat Cane Bills He also talked on the need to defeat the can sugar bills in congress which would permit glucose j manufacturerers to ignore the pure | food regulations in regard to labels. This offers the possibility of return- ! ing to the old era of adulterated strained honey, he said. George S. Demuth, former Hoosier and now editor of a bee journal in Ohio, also talked. The convention closes tills afternoon with addresses by Paul Brown, assistant conservation director; Mrs. Inez G. Richardson, Indianapolis; Jay Smith, Vincennes; Paul Ulman, assistant state entomologist and Demuth again. ASKS COURT CHANGE Block Heir Wants Case to Be Heard Elsewhere.' Petition for a change of venue to an out-county court of a suit brought by William H. Block Jr., contesting the codicil to the will of his father, William H. Block, late president of the company bearing his name, was on file today in probate court. The action seeks to obtain a twofifteenth share of the estate, charging that the founder was ill when he made his will in April, 1927, The bulk of the estate was willed to the widow, Mrs. Amelia Block, and three sons, Meier S., Rudolph C. and Edward A. Block. Attorneys representing the heirs and William H. Block Jr. will appear Monday to draw the name of the trial court, GAS STATISTICS SHOW AMOUNTS SPENT HERE $84,636,000 Went for Fuel and Lubricants in State. The average Hoosier car owner spent $97 for gas and oil in 1929, figures compiled by the Hoosier Motor Club show. Total purchases of fuel and lubricants in the state amounted to $84,636,000. Motorists of the nation now use an average of 58,000,000 gallons of gasoline daily, spending $8,000,000 daily or about $6,000 a minute for the power fuel. Climate has much to do with the > use of gasoline and oil, the figures show. In Florida the average motorist spent $203 for gasoline and oil in 1929, much of this excess being due, however, to use of gasoline and oils by tourists. LEAGUE OF NATIONS GETS $25,000 AWARD Wilson Foundation Prize Given as Reward for Peace Service. Bv United Press NEW YORK, Dec. 28.—0n the anniversary of the birth of President Wilson, the Woodrow Wilson Foundation today announced award of its $25,000 peace prize to the t League so Nations “for ten years of service in the cause of world peace.” It is understood the league will use the money for a set of bronze doors to be a memorial to Wilson at the entrance to the new building in Geneva. The comer stone for the $4,000,000 structure was laid last summer. The award is the fourth made by the foundation since its inception in 1921 and the first to go to an organization. Last year Colonel Charles A. Lindbergh was the recipient. Legal Notices AUCTION BALE—LEGAL NOTICR Notice is hereby given that the indersigned wiU offer for sale at their place of business, 445-447 East Court street. Indianapolis. Ind.. Triday, Jan. 17, 1930, the following personal property; Household goods stored under the names of American Loan Company. Henry Belger. Viola Bunce. Kort Crittenden. C. H. Harrington. Beatrice Hopkins. Otto Humble, Irvin King. E. B Martz. Charlie Reno, a. D. Roberts. J. C. Swift. Otis Lee Vaughan. Cora Wilson. Bald sale being made to defray expense of storage and other charges. Bale will be for cash and • public. ’ SANITARY STORAGE COMPANY. You Reaa tne Want Aaa— Have ?ou tried to use the*? It’s easy-Call R 1 5561 Ask for an Ad Taker Death Notices BERNBTETN. MARY—Wife of David Bernstein, passed away Friday. Dec. 27. Funeral services at THE FUNERAL HOME. HIBEY 6c TITUS, 951 N. Delaware. Sunday. Dec. 29. 10M a. m. Friends ißrtuik