Indianapolis Times, Volume 41, Number 204, Indianapolis, Marion County, 4 January 1930 — Page 14

PAGE 14

STOCK MARKET CLOSES HIGHER; TRADING DULL U. S. Steel Strong in the Industrial Group of Special Issues.

Average Stock Prices

Average of twenty induntrla for Thurs3a\ was 244 20. id 4 28. Average of twenty rail* rai 144 68. off o< Average ot forty bonds was 83.83. no .06 Bv I nitfl Prt ss NEW YORK. Jan. 3.—Stocks ro*e to close vnh a strong tone today alter going through .several periods of selling in the earlier trading. Trading wa. dull, ale barely reachin;: the 2.000 000 mark. Gains ranged from 1 to nearly 5 points in a long list of shares, with motors and railroad equipments featuring. United States Steel was strong in the industrial group and American and Foreign Power was active. Coppers improved under the lead of American Smelting. Trading lacked best, however, the majority of buying being short covering. Shorts in Fox bought back their stock and made handsome profits. It had been estimated that the short interest in Fox represented 50 per cent of the stock outstanding. Hudson Up 3 Points There were several conflicting opinions today regarding the statement of the stockholders committee Thursday and it. was said that the threatened receivership might not materialize. Motor shares with Hudson and Chrysler featuring were giving their usual demonstration for the automobile show which starts here Saturday. Hudson spurted nearly 3 points and Chrysler a point. Packard was very active. General Electric and Westinghouse Electric continued in demand. American Can was a strong spot in the industrials. Among the railroad equipments. Baldwin, American Steel Foundries, Pullman, General Railway Signal and Westingnouse Air Brake rose 1 to 4 points in heavy demand on expectation of large profits from heavy railroad orders this year. Colorado Fuel was taken in hand by traders expecting higher earnings to be derived from buying of rails in which the company specializes. Steel shares generally held up with United States Steel with Bethlehem steady and A. M. Byers up 2 points. Metal Buying Quiet Buying of coppers was small and thought to be mostly manipulation. Buying of copper metal was reported quiet. It was believed, however, that producers would try to hold the price at 18 cents a pound for domestic shipment until greater demand was experienced. Toward the close Steel common and a few other industrials sagged slightly from their higlis, attained a few minutes before, but the market appeared to meet support and they closed strong. Sales for the day amounted to 2,072.350 shares, a falling off of 860,370 from the 2.932.720 shares traded Thursday. According to the perliminary calculation the Dow, Jones & Cos. average for thirty representative industrials rose 3.01 points to 247.21. and the railroad average rose .13 point to 144.81. Births Girls Walter and Velma Lentz. 1830 West Vermont. August and Mary Jensen. 930 Mills. Taylor and Nina Puckett, 334 South Grace. Dave and Anna Ruffman. 511 Hudson. Joseph and Gertrude Henning. Methodist hospital. Loren and Mary Knuckles, Methodist hospital. .David and Rea Glazier, Methodist hosWtal. Walter and Naomi Lohrmann. 213 North ■■/Vie Vieu. jjJJames and Vera Hunt. 406% East tVash“in gt on. Paul and Mary Towsley. 3422 Euclid. Paul and Alma Nowak. 2828 Clifton. Clifford and Regina Allerding, 219 Terrace. Wallace and Mabel Dunkman. 835 Villa. Oswell and Helen Green, St. Vincent's hospital. Lucten and Martha Klein. St. Vincent's hospital. Alexander and Jessie Thomson. St. Vlneent's hospital. Boys Martin and Mary Parish. 1817 Astor. Thomas and Mary Klernan, 537 Tibbs Avenue. Muriel and Nettie Backus. 1025 East Market. Leo and Mildred Maloy, Methodist hospital. Clarence and May Ballard. Methodist hospital. Oiiie and Opal Oakes. 302 North Elder. Henry and Edna Lohkamp, 2739 Madison. Henry and Frieda Buck. St. Vincent's hospital. Paul and Elizabeth McC’.armon. St. Vincent s hospital. Thomas and Virginia Mooney, St. Vincent's hospital. Deaths Margaret Elizabeth McAuley. 58. 1932 North Parker, chronic nivocarditis. Mary Dam. 81, 239 South Pine, arteriosclerosis. Henry Jones Dodd. 77. 1925 Howard, lobar pneumonia. Robert Virgil Smith, 28. city hospital, acute myocarditis. Miry Celia Johnson, 86. 1326' z East Market, mitral insufficiency. Benjamin F Hoe. 48. 5125 North Merldltn. carcinoma. Elmer E. Roland. 63. 2614 Central, mitr..l insufficiency. Reward Brankam. 46. 2013 Alvord. bronchitis. Carolyn Dugan .5, city hospital, cerebrospinal meningitis. Norma Melton. 3, city hospital, cerebrospinal meningitis. Thomas Hale. 29. 854 Roach., acute cardiac dilatation. Charies William Bvrd. 5. 904 West Walnut, cerebrospinal meningitis. Wilson Edison. 65. 619 Fayette, cardio vascular renal diseases. Rosetta Jones. 42. city hospital, cerebral hemorrhage. Edna Alexander. 15 nays. Rilev hospital, atelectasis Bernice Maxine Pavne. 3. city hospital, broncho pneumonia. Dorste Whitfield. 21. 2351 Caroline, pulmonarv tuberculosis. Isaac G. Davis. 51. Methodist hospital, acute osteomvelitls. Ellen Rilei 90. 634 North Pine, acute cardiac dilatation.

JamesT. Hamill & Company BROKERS Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indianapolis Board of Trade Associated New York Cni-b 203 Continental Bank Bldg. Tel. Rile? M3—Riley MM

New York Stocks ““- — (By Thomson Ac McKinnon) ' 1

-—Jin. 3—Railroad*— PT, High. Low. Close, close. Atchison . .. ■ 320 I All Coast Line .169 169 168 .... Balt Sc Ohio ...115 115 115 }l% Canadian Pac .189% 187% 188 189 Chesa Sc Ohio ..206 206 30 304% Chesa Corp .... 64% 63% 64 84 Baldv-tn . ... 33% 32% 33% 32% Chi Ac N West.. 84% 84 84% 84Chi Ort West ... 14% 14% 14% JJ-a CHI A P ••• . . . 116" 2 De, Ac Hudson .161% 161'% 161% 162 Del Ac Lacka . . .140% 140% 140% 140 Erie ... 58% 57% 7% Ort Nor 07 1 Gulf Mob Ac Oil. 4040 40 .... til Central 129’. 129% 129% 129-e Valley ‘jj Kan Cl tv South. .. ... 82 LOU A: Nash ...128 138 138 ... !MK Ac T 49% 47% 49 47% Mo Pac pfd 135% 134% 134% .... V Y Central ..170 169 170 }'®. 2 S Y C A B L ... ■ 130 Va NY NH Ac H ...1112% 111% 111% IU% Nor Pactflfic .... 86 86 86 Bt O 4 W 13% 13% 13% 13% Pennsylvania .. 72% 73% 73% 73.2 Reading 122 122 122 123 Seat'd Air Lpr 2C 35% 26 2j ! Southern Rv . .133% 133% 1333% 134 | Southern Pac ..122% 122% 122% 122 St Paul pfd.... 43% 42 43% 42% ;St L At S W 0 Si Lft 8 P . .108 107% 108 Union- Pacific ...219% 218 319% 218 West Maryland.. 26% 25% 26 26%' Wabash . 53 33 53 54% | West Pac ... ... 21 i Rubber*— Alax 1% 1% 1% 1% I 'Fisk 3% 3% 3% 3% Goodrich 42% 42 42 41 Goodyear ....... 63 62*% 63 62V* Keily’-Spgfid .... 3% 3% 3 7 /a 3‘/a Firestone . 29% 29% 29% United States .. 35 34% 24% 24% Equipments— Am Car A? Fdy.. 81% 78% 81% 78% Am Locomotive.. 104% 100% 104% 102 [Am Steel Fd... 50 44% 50 45 % Am Air Brake 8h 47% 47% 47% ... Man Elec Sup... 37 35% 27 37% General Elec . 247 242% 245% 242% Gen Ry Signal.. 90% 87% 90 87 Gen Am Tair.p. . .108% 104'% 106% 103 N Y Air Brake. 45 44% 45 44% Pressed Sti Car. 8% 8 8% 7% Pullman 89% 84% 88% 84'% Westngh Air B. 47% 44 46 44'/* Westlngh E1ec..144 140 142% 141 Steels— Am Rol Mills 81 82 Bethlehem ... 93% 93% Colorado Fule .. 43 37% 37% 36% Crucible ... 89% ... Gulf States Stl. ... ... ... 51% Inland Steel 73 73 73 Otis 32 31% 32 30% ReJ Iron Ac Stl. 75% 75% 75'% 72% Ludlum 34% 33 % 33% 32% Newton 44% 44% 44% 45 U S Steel 169% 166% 168% 167% Alloy 31 30% 31 30% Warren Fdy ... ... 23% Youngstwn Stl.. .. ... ... 110 Vanadium Corp.. 51 50% 51 49% Motor*— Am Bosch Mag.. 42% 41V, 42% 41% Briggs 16% 15% 15% 15% Brockway Mot.. 16% 13 13% Chrysler Corp .. 37% 36 37'/, 36 Eaton Axle 28% 28'/, 28% 27% Graham Paige.. 10Vi 9% 10'/, 9% Borg Warner .. 34 33% 33'% 33 Gabriel Snubbrs.. .. 5% General Motors.. 41% 39% 41 '4 40Vi Elec Stor Bat.. 70% 70% 70'% 69% Hudson 60% 56V, 59% 56% Haves Body Cor 8 7Vi 8 7% Hupp 24 21'% 23% 21'/* Auburn 308% 195 201 196'% Mack Truck 71% 70 71% 70 Marrnon 25% 23% 25 24 Reo 11% 11% 11% 11% Motor Wheel.. ..27'* 36% 37V* 26% Nash 55% 53'% 55V, 54 Packard 16% 16'/, 16% 16% Peerless 7 7 7 6% Pierce Arrow .. 24% 23 24% Studcbaker Cor.. 49% 43% 49% 43% Stew Warner 39’% 38% 39% 38% Timken Bear .. 78 75% 78 75% Wlllvs-Overland. 8% 7% 8% 7% Yellow Coach.... 14% 13% 14% 13'% White Motor 32 31% 31% 31 Mining— Am Smelt Ac Rfg 73% 72'% 74% 71 Am Metals 46% 46% 46% 46%

Chicago Stocks (By James T. Hamill & Cod”

—Jan. 3—■ TOTAL SALES, 155,000, Art Metal Works 18% ... ... Associated Apparel .... 37 Assoc Telephone Util.. 22% 22 22 Auburn Automobile ....206 198 204 Bendix Aviation 37 36 36% Borg-Warner 34% 33 34 Brown Fence tc W (A) 19 ... ... Butler Bros 16% ... Cent HI Securities .... 26'% 26 26 Cent Pub Serv Class A 35% 35 35% Cent & So West 22% 21% 22 Chicago Corp 14% 14% 14'% Chicago Corp pfd 39% 38% 39 Club Aluminum 3% Commonwealth Edison .240 337 240 Continental Chic ctfs... 60'% Cord Corp 13% 12 13 % Corp Securities 55% 55% 55'% Electric Household 43 Elec Research Lab ’% ... ... Grlgsby-Grunow 21% 30 30% Hart-Carter 20 ... Houdallle-Hershey A.... 23 32 22% Houdallle-Hershey B 20% 19Va 20% Insuil Util Invest 55% 39 391* Insull Ut Inv pfd ex-wr 82 81 82 Iron Fireman 25 34 35 Kalamazoo Stove 61 ... ... Keystone Steel 21 20V, 21 Llbby-McNell 18'% 18% 18V* Middle West Util (New) 36% 26% 26% Midland United 23% 23 23% Mohawk Rubber 8% National Elec Pow ‘A’ 28% 38% 28% National Repub Inv .... 51'% ... ... National Sec Invest ... 14% 14'% 14% Natl Secur Invest ctfs. 77 75 77 National-Standard .... 32% 31% 32'% Nobliti-Sparks Inc .... 46'% ... North American Car.. 38% 38 38% North Amer L & Pow.. 67% . . ... No & So Amer C 16% 16 16'% Pacific Pub Serv "A"... 29’, Parker Pen 35 34% 35 Pines Winterfront 43 40 43 Reliance Mfg Cos 17% 16% 17 Ross Gear 30 29 30 Seaboard Util Shares... 7 6% 7 Stand Dredg Cos 21 20V2 30'% Swift Sc Cos 137 136% 137 Swift International .... 35% Unit Corporation 11 U S Radio & Tel 10% ... , ... Utah Radio 6% 5% 6% Utility Sc Ind 19% 19% 19% Utility Sc Ind pfd 25% 25% 25% Wacheil pfd 32 21 22 Wextark Radio 32% 32 22 Wir.ton Engine 47% 46% 47% Zenith Radio 8% ... ...

Indianapolis Stocks

—Jan. 3 Bid. Ask. American Central Lfe Ins Cos. 1.000 .. •Belt R R A (3 Yds Cos com.. 59 63 •Beit R R & Yds Cos pref 35 60 Central Indiana Power Cos. p.. 88 92 •Circle Theater Cos common..lo4 Cities Service Cos common .... 27 ... Cities Service Cos pfd 90 ... Citizens Oas Cos common .... 34 42 Citizens Oas Cos preferred... 95 99 Commonwealth Loan Cos pref. 97 Hook Drug Cos common 44 Indiana Hotel Cos Claypool C. 135 Indiana Hotel Cos pref 100 Indiana Service Corp pref... 70 ... Indianapolis Gas Cos common 55 60 Indpls Power dr Lt Cos pfd 99*4 ... Indp's Pub Welfare Loan As c. 51 Indpls St Railway Cos pref 27 31 •Indpls Water Cos pref 96 ... •Inter Pub Serv C prior L pfd 99 ... 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 Ind Pub Serv C pfd 92 100 Progress Laundry Cos common 45 E Rauh A Sons Fertll Cos pfd. 50 ... Real Silk Hosiery Cos pfd ... 90,. ... Standard OH Cos of Indiana... 53’j ... T H Indpls A Est Trac Cos pf Terre Haute Trac & L Cos pfd 80 ... Union Title Cos common 44 50 Van Camp Prod Cos Ist pfd 98 Bobbs-Merrill 39. SJVa Com Wealth Loan Cos pfd 7% 9614 Share Holders Invest C0r.... 24 28 •Ex Dividend. —BONDS— Bic. Ask. Belt R P. & Stock Yds Cos 4s. 85 Broad Ripple Trac Cos 5s .... 39 Central Indiana Gas Cos 3s Central Indian Gas Cos 55... 97 99 Citizens Gas Cos 5s 98100 Citizens Street Railroad 55... 47 49 Gary Street Rv Ist 5s 70 Home T A T of Ft Wayne 6s. 102 Indiana Hotel Cos 5s 97 Ind Northern Trac Cos 5s 33 Ind Railway A Light Cos 55.. 95 97 Indiana Service Coron 3s ... 85 Indpls Power & Light Cos 55.. 97 9814 Indiana Union Trac Cos 55.. 3 Indpls Cos! 3s So Trac 6s 95 100 Indpls Gas Cos 5s 98’.a Indpls * Martinsville T Cos 5s Indpls No Trac Cos 5s 7 12 Indpls & Northwestern T Cos 5s .. Indpls Street Rv 4s 43 48 Indpls Trac A Terminal Cos 5s 91ij 93‘j Indpls Union Rv 5s Jan 99*< 101 Indpls Water Cos s’. s 101 104 Indpls Water Cos s!as 101 104 Ir.dols Wat Cos lien A ref ss. 1 92 Indpls Water Cos 4t a s 92V 2 ... Indpls Water Work* Sec Cos 5s 80 Interstate Pub Serv Cos 4Hs. 85 Interstate Public Serv Cos 55.. 95 No Ind Pub Serv Cos 5s ..... 96 No Ind Teleph Cos 6s 9535 Terre Haute Tr A Light Cos 5s 86 91 Union Trac of Ind Cos 65.... 13

Local Wagon Wheat

City grain elevators are paying $1.20 for No. 2 red wheat and $1.17 for No. 2 hard wheat.

Am Zinc ... 9 Anaconda Cop.. 74% '72% 74% 72% Caiumet A- Rrlr. 82'% 81% 82% 85 Calumet Ac Hecia 29', 29% 39% 29% Cerro de Pasco.. 63% 62% 63% 64% Dome Mines ... 6’, 6% 6% ... Andes 34% Granby Corp . . 53% 53 53'% 53% Greene Can Cop . . ... ... 20 Gt Nor Ore 20% 19% 19% 26% Inspiration Cop 27 * 27 37% 37% Howe Sound 38% 37% 38 Int Nickel 32 31% 31'% 31% Kennecotl Cop.. 59 57% 58% 48 Magma Cop 48Vi 48 49 48 Miami Copper... 38 38 28 36% Nev Cons 28V, 28’% 38% 28% Texas Out Sul . , 56% 55% 56% 55 St Joe 50 49 49 48'% V S Smelt 34% 34% 34% 35 Oil*— Atlantic Rfg... 38% 38'/, 38% 37% Barnsda’l (A).. 23% 23% 23% 25% Freeport-Texas. . 41% 39% 41% 39% Huston Oil 56'/* 54% 55% 54% Indp Oil Ac Gas. 22% 22% 22% 32% Conti Oil 23% 23 V, 23% 23 V* Mlc Cor.t Petrol. 27% 27V, 27% 27 Pan Am Pet 8.. 60 59 % 60 59% Phillips Petrol... 35 34'/* 35 35 Prairie Oil 51% 51% 31' a 51 % Union of Cal 45 44% 45 45 Prairie Pipe 59% 39 V* 59V* 59% Pure Oil 24 23% 23% 23% Royal Dutch ... 53% 53 53% 53V, Richfield 35 24% 24% 24% Shell 23% 33% 23 % 23% Simms Petrol... 36% 26% 26% Sinclair Oil 24% 34V* 24% 24% Skeiiy Oil 31'/, 31'% 31 % 32 Std Oil Cal 61'% 61V, 61 % 60% Std Oil N J 66'% 65% 65% 65% Std Oil N Y 33 32% 32% 32% Tidewater 12% 12% 12% 13 Texas Corp .... 55’% 55% 55% 55% Texas C Ac O ... 10% 10% 10'/* 10% Transcontl 8% 8% 3% 8% White Eagle 27% 27'% 27% ... Industrial*— Adv Rumiey ... 12% 12% 12'% 12% Allis Chalmers. . 50V, 49% 49% 50 Allied Chemical. 259 255% 258 257 A M Byers 92% 88V, 91% 88% Armour A 5% 5% 5% 5% Amer Can 121% 119 120% 119'/, Alleghaney Corp 23% Am Ice 38% 38% 38% 38% Asad Dry Goods 29Vi 39 29'% 29V, ijon Alum 52'% 52% 52 Vi 51% Coca-Cola 1347, 134’/, 134% ... Conti Can 50’/, 50% 50% 50% Certalnteed .... 13% 13% 13% 13% Croslcy 30% 19 19 20 Congoleum .... 13% 13% 13’/, 13'% Curtiss W 8 7% 7% 7% Davidson Chein 29 29 29 30 Du Pont 119% 116’/* 117% 116% Famous Players 31% 49% 50% 49’/, Gen Asphalt ... 50'/, 49% 30% 5<4% Fox A 22% 16'/, 21 17V* Gold Dust 39V* 38% 39% 37% Glldden 33 Int Harvester .. 79’/, 79 79’% 79 Kelvlnator 7% 7% 7’/, 7% Lambert 97% 96’% 98% 98% Loews 45 43 44 42% May Stores 53% 51V, 53’/, 51V, Kolster 4 3Va 4 3% Montgom Ward.. 48 45% 47% 48V* Natl C R 75V, 75 75 74 Radio Keith ... 20’% 19% 20% 20 Radio Corp .... 44 41% 42% 44 Real Silk 46 Rem Rand 26’% 25% 26 26 Sears-Roebuck.. 86 82% 84% 84% Union Carbide .. 78% 77 78 78 Warner Bros .. 41% 39% 40% 40 Un Air Craft.. 51V* 48% 50 40% Unlv Pipe 3'/* 2% 2% 3 USCs Ir Pipe.. 19 18% 19 18% U S Indus Alco 135 133’% 134’% 135 Worthington Pu 72 % 69 % 70 69 Vi Woolworth Cos.. 70 69% 69% 69% Utilities— 6 Am Tel Ac Tel. .213% 219 221% 220 Am Pr Sc Lt 83% 80 81 Vi 79% Eng Pub Scrv 39% 39 Vi 93% 39'A Am For Power.. 95% 92V, 93V, 93% Am Wat Wks.. 94 91% 91 Vi 91% Gen Pub Serv.. 34’% 34 34'% 34'% Col G Ac E 75'% 73 74'/, 72% Consol Gas ...100'/* 97% 99 98'4 Elec Pow Sc Lt.. 52Vi 50% 51% 52 Int T Ac T 73% 71% 73% 73’% Nor Amer C 0.... 97% 96 97 96% Pac Lights .... 73 73 73 84V* Pub Serv N J.. 85% 83Vi 85 82 So Ca! Edison .... ... ... 56% Std Gas Ac E1..115% 112% 113'% 312% United Corp 32 30 Vi 31% 31 Utilities Power .. 32 31% 32 31% United GAc Imp 32% 31% 32Vi 32% West Union Tel. .196'% 195 196'% 194 Shipping— Am Inti Corp.. 38 36% 37'% 36% Atl Gulf Ac W .. 73'% 72'/* 73'% 72% Inti Mer M pfd.. 27 34 27 United Fruit ..102'/* 101V* 101% 102 Food,— Am, Bug Rfg 64% 60% 64% 60% Beechnut Pkg... 60'% 60% 60’% 60'% California Pkg.. 66V, 66% 66V, ... Canada Dry 64% 64% 64% 64% Corn Products.. 70% 87’% 90% 89% Cont Bak A 44'% 43'% 44 44 Borden 66 65% 85'% 65% Cuban Am Bug 7% Grand Union.... 14% 14 14 14% Grand Union pfd 37% 37 37 37Vs Jewel Tea ... 47 Kraft Cheese 40'% 39’,% 40 39'/, Kroger 43’/, 43 43'% 43% Loose-Wiles 51% 51 51% 51% Natl Biscuit 179'% 177 179'% 177 Natl Dairy 48Vi 47% 48'% 47% Gen Foods 48 47 Va 48 48 Loft 4 4 4 4 Stand Brands... 37% 26% tIIJV, 27% Ward Baking B 4% 40% 4% 4V, Tobaccos— Am Sumtra 19% 19% • 19% 19V, Am Tob B 203'% 199 203'% 200% Con Cigars 44'% 44'% 44'% 44 General Cigar... 52 52 53 51 Llg Ac Meyers... 98% 97 9<% 92 Lorillard 16% 16% 16% 16% R J Reynolds... 49% 49% 49% 49’,2 Tob Products 8.. 3% 2'% 3% ... United Cigar St 4% 4% 4V, 4'% Schulte Ret Strs 4'% 4'% 4'% 4%

New York Liberty Bonds —Jan. 3 Close. P. close. 3'%* 99.12 99.15 Ist 4%s 101. 101. 4th 4%s 101.7 101.8 TANARUS: 4%s 1952 111.4 111.4 ir 4s 1954 107.4 101.5 Tr 3%s 104. 107.4 Tr 3%s 1947 99.18 99.19 Tr 3%s 1943 99,14 99.10 New York Curb Market (By Thomson & McKinnon) *—Jan. 3 Allied Power 37% Arkansas Gas 9% Assd Gas "A" 36% Am Super Power 24% Aviation Corp 25% Blue Ridge Corpn 7 Cities Svc **. • • 27 /b Blue Ridge Pr 35 Cons Gas Balto 93 Cont Oil Cord Corpn 13 Curtiss Flying 5% Deforest ftadlo 4 Durant Motors 5% Eisler Elec 14% Elec Bond Sc Share 824* Canadian Marconi 3% Fokker 15% Ford Canada 36 Ford England 11% Ford France 7% Fox Theatre 4% Gen Elec England 11% Gen Theatre Eq 26% Goldman Sachs 36% Gold Seal Elec 4'/ Gulf OH Penna 137 Humble Oil Insull Utilities 58% Int Pete 21'% Int Super Power 33 Lehman Sc Cos 7f Mid West U New 26% Mountain Prods 8% Niagara Sc Hudson 12 Niles B & P 28 Newmont Mining HO Ohio OH U Penroad Corpn 13% Pete Corpn 20% Prudential Inv 11% Rainbow L Pro 9 7 /s Rt Regis New 20 Selected Ind 7% Stand Oil Indiana s'* Stand Oil Kansas 29'% Stand Oil Nebraska 33% Stutz Motors 1% Trans Cont Air Trans 7% United Gas 19% United Light & Power "A” ........ 30 United Verde 12'% Utility Eg 10% Vacuum Oil 95% Walgreen & Cos 59

In the Cotton Market

(By Thomson A McKinnon) NEW YORK, Jan. 3.—The cotton market had a task to perform this morning In the way of absorbing sales from Liverpool which probably originated In Bombay, and back of that, the political unrest In India is probably the first cause. It was accomplished in a small range. At 1 p. m. the government estimated the amount of cotton out of this crop eligible for delivery at 76.2 per cent against 85.6 per cent last year. A very low percentage, but one that will show even smaller as time goes on. due to extremely bad weather since Dec. 1. We believe, due to various reasons, the exchanges have been used as Insurances against risks that are a little out of the ordinary run of business and anv pick uo in textile affairs will confront shorts with a difficult position. At anv rate, we do not believe cotton can how be tendered for delivery except at great loss. We favor buying cotton. NEW ORLEANS —Jan. 3 High. Low. Close. January 17.01 16.91 16.91 March 17.29 17.16 17.16 May 17.55 17.42 17.42 Julv 17.68 17.58 17.58 Ootobe; 17.68 17.58 17.57 December 17.67 17.67 17.67 NEW YORK High. Low. Close. January 17.23 17.10 17.23 March 17.37 17.25 17.36 Mav 17.60 17.47 17.60 Julv 17.80 17.64 17.80 October 17.83 17.73 17.82 December 17.92 17.81 17.92 CHICAGO High. Low. Close January 17J3 i7 03 17.03 March 17.40 17.30 17.30 May 17.65 1 7.30 17.50 July 17.82 17.70 17.70 October 17.80 17.70 17.70

THE INDIANAPOLIS TIMES

PORKERS GAIN 25 CENTS AT LOCALYARDS Cattle Strong and Steady; Vealers Stationary at $16.50 Down. Dec. Bulk. Top. Receipts. 36. *10.15 *10.25 9,000 27. 8.90 9.95 12,500 28. 9 85 9.85 6.000 30. 10.10 10.10 6.000 31. 10.00 10.00 12,000 Jan. 2. 9.90 9.95 10.000 3. 10.15 10.20 6.500 Hogs were generally 25 cents higher than Thursday’s average today at the local stock yards. The bulk, 160 to 300 pounds, were selling at $10.15. A few good and choice grades of butchers held at $10.20; top price. $10.20. Receipts were estimated at 6,500; holdovers, 513. Cattle slow and stationary with a slaughter class of steers strong and little change. Vealers largely steady, selling at Thursday’s best price at $16.50 down. Sheep and lambs strong with a better grade of good and choice lambs, which sold at $12.50 to $13.25. Chicago hog receipts 19.000. including 2,000 directs; holdovers 6,000. The market mostly 10 to 15 cents higher than Thursday’s average, few loads of 160 to 2io-pound weights sold at $9.75 to $9.85; choice of 210 to 225 pounders were selling at $9.65 to $9.70; strictly choice of 250 to 280-pound weights, sold at $9.50 to $9.60. Cattle receipts, 2,000; sheep, 10,000. —Hogs— Receipts, 6.500; market, higher. 250-300 lbs. and up $ 9.754/10.15 225-250 lbs 10.15% 10.20 200-225 lbs 10.154/12.00 160-200 lbs 10 15 130-160 lbs 9.6p® 10.00 90-130 lbs 9.004/ 9.50 Packing sows 8.004/. 8.75 -CattleReceipts. 600; market, steady. Beef steers. 1.100-1.500 lbs. good and choice $12.25®.15.50 Common and medium 9.50^12.25 Beef steers. 1.100 lbs. down. good and choice 12.50® 15.75 Common and medium [email protected] Heifers. 33T> lbs. down, good and choice 12.504715.00 Common and medium 8.004/ 12.50 Cows 8.504/10.00 Common and medium 6.50® 8.50 Lower cutter and cutter .... 4.75©; 6.50 Stocker and feeder steers. good and choice 8.50®11.00 Common and fnedlum 6.50® 8.50 —Veals— Receipts, 800; market, steady. medium and choice $12.504/, 16.50 Cull and common 7.004412.50 —Sheep— Receipts, 1,100; market, steady. Lambs, good and choice [email protected] Common and medium 9.504/ 12.50 Ewes, meduim to choice 4.00® 6.00 Cull and common 4.00 (a 6.00

Other Livestock Bu United Press CHICAGO, Jan. 3 —Hogs—Receipts, 19,000; including 2,000 directs; markets, uneven!;', 10(a25r higher: underweigts up most; bulk 140-300-lb. weights, heavy butchers, $9.50(// 9.60; top. $9.90 paid for 140-180-lb. weights; butchers, medium to choice, 250350 lbs., $9.30(7/9.75; 200-250 lbs., (1/9.90; 130-160 lbs., $9.60(7/9.90; packing sows, $8.15ft8.85; pigs medium to choice, 90-130 lbs., $9.25(7(9.80. Cattle—Receipts, 2,000; calves, 1,000; fed steers, yearlings and fat she stock more active," strong; bulls, steady; vealers, strong to 50c higher; slaughter classes, steers, good and choice. 1300-13100 lbs., $12(0 15.65; 9501100 lbs., $13(7/ 16.25; common and medium, 850 lbs. up, $8.504/13.25; fed yearlings, good and choice, 750-950 lbs., $12.(5 <7/16.25; heifers, good and choice, 850 lbs. down, [email protected]; common and medium, $7.75ft 12; cows, good and choice, $8,254(10.75; common and medium, $6.50 4/8.25; low cutter and cutter, $4,504/ 6.50; bulls, good and choice beef, $9,254/9.75, cutter to medium, $6,754/9.50; vealers, milk fed, good and choice, $144(16; medium, $11,754/ 14; cull and common, $7.25 ft 11.75; stocker and feeders steers, good and choice, all weights, $10,504/ 11; common and medium, $8,254/10.25. Sheep— Receipts, 10,000; market, active, steadv to strong; bulk fat lambs, $13.254/13.50"; early top, $13.60: fat ewes, $5,254/6; feeding lambs, quotable steady; lambs, good and choice. 92 lbs. down, $12,754/ 13.75; medium, $11.504712.75; cull and common, $lO4/11.50; ewes, medium to choice, 50 lbs. down, $4.75476.25; cull and common, | $2,504/5; feeder lambs, good and choice, $11,504(12.65. Bu Times Special LOUISVILLE. Ky., Jan. 3.—Hogs Receipts, 500; market 10c higher; 175 lbs. up, $9.95; 130-175 lbs.. $9.25; 130 lbs. down. $7.90; roughs, $8; stags, 7.40. Cattle— Receipts, 100: market steady; Tfrime steers, $11,504/ 13: heavy shipping steers, $lO4/) 11,50; medium and plain steers, $8.50@10; fat heifers, sßftl3; good to choice cows, $74/9; medium to good cows, $64/7; cutters, $5,504(6; canners, $4,504/5; bulls. s6ft 9; feeders, $84(10.50; stockers. $7,504/ 10.50. Qalves —Receipts, 200; market steady; fancy calves, sl4; good to choice, $1147 13.50; medium to good. SB4/10; outs. $8 down. Sheep—Receipts, 100; market steady; ewes and wethers, $12.50; buck lambs, $11.50; seconds. ss®B; sheep, $44/5. Thursday shipments: Cattle, none; calves, none; hogs, none; sheep, none. Bu l nitrd Press TOLEDO, Jan. 3.—Hogs—Receipts, 500; market, steady; heavies, $9,254x9.50; mediums, $9,654/9.75; yorkers, $9,504/9.65; pigs. $9.50ft}9.65. Cattle—Receipts, light; market, steady; calves, receipts, light; market, steady. Sheep and lambs—Receipts, light; market, steady. Bu United Press PITTSBURGH. Jan. 3.—Hogs—Receipts. 1,000; market, strong to 50c higher; 130240 lbs., $10,404/ 10.50; 260-325 lbs., $10.25 4/10.40' light weight pigs, $lO4/ 10.25; sows, SB4/8.75. Cattle—Receipts, none; calves, receipts, 25; market, 50c higher; top vealers, $lB. Sheep—Receipts, 100; market strong; few sales fresh lambs, $124/ 13.75; sorts, very light. Bu United Peeks EAST BUFFALO. Jan. 3.—Hogs—Receipts. 1,500; holdovers, 1,300; active to ail Interests; weights below 220 lbs. mostly 15c higher: heavier weights steadv to 10c higher; bulk 110-220 lbs.. $lO 40 to mostly $10.50; 230-250 lbs.. $10,254/ 10.35; 270 lbs. butchers. $10,104(10.15. Cattle—Receipts, 75; mostly cows; steady; cutter grades, $4,254/6.50; calves, receipts, 400; veale r s, weak, 50c lower, $17.50 down. Sheep—Receipts, 1.400; lambs, active and strong to 25c higher; good to choice, $13,754/ 14; some held higher; medium and strong weights, sl2ft 13.25; fat ewes, $5.50ft6.50. Bu United Press CINCINNATI, Jan. 3.—Hogs—Receipts, 1,600; holdover. 630; 10 to 25c higherlighter weights showing full advance, bulk. 160-300 lbs., slo@ 10.25: latter price for 170-230 lb. averages; bulq, 120-160 lbs., $9,754/10; lighter pigs. $9.50 down; sows, steady: bulk. SB4/8 25. Cattle—Receipts 450; calves. 250; steady, plain slaughter grades, sl2 down; good light yearlings to sell at sl3 or above scarce: beef. $7479low cutters and cutters, $547 6.40; bulk bulls, SB4/9; veals, steadv; top, sl6. Sheep —Receipts, 200: slow, steadv; best light lambs. $13.50; throwout and bucks. $9.504i 11; good light ewes up to $5.50. CLEVELAND. Jan. 3.—Hogs—Receipts, 1.500, holdovers, 574: around steady to 10c higher; slow at advance; 150-275 lbs.. $lO 10 @10.15 mostly: pigs quoted around $9.7547 10: rough sows. $8; stags. $6.25. Receipts. 200; mostly steady; bulk common steers. $10.2 5 4711.50; few heifers around $10; low cutter cows, $4.50475.25; calves. 300 steadv: better grade vealers. sl7 @17.50: few $18: medium. $144/15 mostly; culls, $104(11 or better. Sheep—Receipts, 900: lambs, active 25c or more highr. upward to $13,504( 13.75: few sl4; medium throwouts. sll® 12. sheep, steady. Bu United Press EAST BUFFALO. Jan. 3. Hogs—Receipts. 1.500: holdovers, 1.000, active to all Interests weights below 220 lbs. mostlv 15c higher: heavier weights, steadv to 10c higher; bulk. 110-220 lbs.. $10.40 to mostly $10.50: 235-250 lbs.. $10,254/10.35; 270 lbs., butchers, $10,104/10.15 Cattle— Receipts. 75: mostly cows: steadv cutter grades. $4,254/6.50. Calves—Receipts. 400; vealers. weak 50c lower $17.50 down. Sheep —Receipts. 1.400: lambs, active and strong to 25c higher: good to choice. $13.75 3 14: some held higher: medium and strong weights. [email protected]: fat ewes. $5.50476.50. Bu United Press FT. WAYNE. Ind., Jan. 3.—Cattle—Receipts, 75; calves, receipts. 75; hogs, receipts 600: sheep, receipts 150: hogs, market steady to 15c up: 120 lbs. down. $9; 120-140 lbs.. $9.25: 140-160 lbs.. $9.65: 180rOb lbs.. $9.85: 200-250 lbs.. *9.70; 250-300 lbs.. $9.60; 300-350 lbs., $9.50; roughs, $8; stags, $6; calves, sl6; lambs, $12.50.

Business — and — Finance

The Mavtag Company has retired 34.500 shares of its $3 cumulative preference stock and 8.000 shares of its *6 first i preferred stock, it is announced by President E. H. Maytag. The shares being retired were purchased by the company at advantageous prices in the open market. in part from the proceeds of Its exercise of warrants, and their retirement will reduce annual preferred and preference dividend requirements by $151.500. Incidental to the retirement, warrants for the purchase of 45.375 shares of common stock are being cancelled. In spite of tne stock market crash, radio closed 1929 with the blpgest year in its history. Nearly four million radio , sets were sold, and total radio pur- 1 chases by the nubile reached *750,000,000. I Some over-production developed during : the late fall of 1929, but lt Is expected j that such overstocks of manufacturers | will have been absorbed to a considerable extent by the active Christmas business, j Five-year convertible 6 per cent gold notes to the amount of *1.000,000 has been authorized bv Van Sicklen Corporation, a subsidiary of Allied Motor Industries. Inc., in connection with the acquisition of Lorraine Corporation, manufacturer of a controllable automobile driving light protected by more than 300 patents which cover the spotlight field so thoroughly that other makers of spotlights manufacture lamps on a royalty basis under license from Lorraine Corporation. Figures presented to the Associated ! Grocery Manufacturers of America show that ihp average independent grocery store carries an average stock of 1.500 i items, and the average chain store 900. j The maximum and minimum stocks re- , ported were, respectively, 7.000 and 250 : items. Bv Times Special NEW YORK. Jail. 3.—'With the advent, of the new year, distributors and retailers are busy w’ith the formality of inver.- j tories, and the current demand for hard- I ware has, as usual, lessened perceptibly. Hardware Age will sav Saturday in its ! weekly market summary. Reports from 1 the principal market centers indicate that I the holiday volume exceeded expectations I in most instances. Busses In 1929 carried 2.000.000,000 passengers on average trips of slightly \ over five miles each, thus providing well j over 10.000,000.000 passenger miles of transportation. This represents an in- | crease of more than 5 per cent from the ! preceding year, according to preliminary estimates. Activity in the textile industry during 1929 was somewhat higher than i during 1928. Domestic consumption of cotton by mills is estimated at approximately 7,000.000 bales, as against 6,600,000 bales in 1928. Consumption of ) wool by domestic mills in 1929 was in the neighborhood of 610,000,0(61 pounds of grease wool as against 538,000,000 pounds in 1928. Commercial transactions during the week ended Dec. 28. as measured by the volume of checks presented to the banks for payment, were less than in cither the ! preceding week or the corresponding period of 1928, according to the weekly state- i ment of the Department of Commerce, j Steel plants were operated on a lower level than in the corresponding period of I last year. Receipts of wheat, cotton and | hogs at the principal markets were lower ' than in the corresponding v/eek of 1928, 1 while cattle receipts were larger. The distribution of goods, as indicated by the volume of car loadings, for the latest reported week, was lower than in the same period of a year ago. Expenditures by the electric railway industry for extensions, improvements and maintenance will be considerably greater in 1930 than they were in 1929. according . to reports received from a large number j of the more important operating com- ! panies. These reports forecast total ex- j penditures of approximately $375,000,000. An average increase of approximately 10 per cent Is indicated in expenditures for new plant and equipment, including track, cars and electric power.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearing Friday, Jan. 3. $5,949,000; debits. *13.211.000. CHICAGO STATEMENT Bv T'nited Press CHICAGO. Jan. 3.—Bank clearings, *138,000,000; balances, $5,800,000. NEW YORK STATEMENT Bv l nit eel Press NSW YORK. Jan. 2.—Bank clearings, $1,895,000,000; clearing house balance. $229,000,000: Federal reserve bank credit balance, $217,000,000. TREASURY STATEMENT Bv T'nited Press WASHINGTON. Jail. 3. The treasury net balance Dec. 31, was $172,996,078.25: customs receipts for the month to that date were $39,297,853.55.

Produce Markets

Eggs (County Rum—Loss off delivered in Indianapolis. 46c; henerv quality. No 1. 45c; No. 2,35 c; No. 3,30 c. Poultry (Buying Prices)—Hens weighing 5 lbs. or over, 25c; under 5 lbs., 20c; Leghorn hens, 17; springers, b lbs. or over 22c; under 5 lbs.. 19c; Leghorn spring, 15c; stags. 14c; cocks, 12® 14c; ducks, full feathered, white, fat. 14c; geese, full feathered, fat, 14c. These prices are for No. 1 top quality poultry, quoted by Kingan & Cos. Butter (wholesale)—No. 1. 40®41c: No. 2. 39®40c. Butterfat—^Bc. Cheese (wholesale selling rice per pound) —American loaf. 35c; pimento loaf 37c; Wisconsin firsts. 27c: Longhorn. 27c: New York limbereer. 30c. Bv T nited Press NEW YORK. Jan. 3.—Flour—Quiet and easy; spring patents, [email protected]. Pork — Dui 1 ; mess, $26.50. Lard—Stronger; middle w’es spot, $10.50® 10.60. Tallow—Quiet; special to extra. 7%©7%c. Potatoes—Fairly active and firm; Long Island, $2©6.25; Maine, $4.10Ca5.25: Bermuda, $4.50©;11. Sweep potatoes—Easy; southern baskets, $1.25© 1.60; Jersey, 60c©.52.25 basket. Dressed poultry—lrregular; turkeys. 23® 40c; chickens, 20(f/40c; capons, 27©44c: fowls, 184/ 35c: ducks, 18®25c; ducks. Long Island. 23® 26c. Live poultry—Dull and unsettled: geese, 15®24c: ducks, 15@26c; fowls, 304736 c; turkeys. 40c; roosters. 16® 17c; chickens, 22®30c: broilers. 304736 c. Cheese —Dull; state whole milk, fancy to special, 23%<g26%c; Young America. 22 @2sc. Bv T'nited Press CHICAGO. Jan. 3 Eggs—Steady; receipts, 6,512 cases; extra firsts. 43'%®44c; firsts, 42® 43c; ordinaries, 38@41c: seconds. 28® 35c. Butter —Market weak; receipts, 8.491 tubs; extras. 35c; extra firsts, 34@34'%c; firsts. 31©33c; seconds, 29®29'%c; standards. 35c. Poultry—Market, steady; receipts, no cars In, 2 due; fowls. 26%c; springers, 21c: Leghorns. 20c; ducks. 20c: geese. 16c; turkeys, 24c; roosters. 17c. Cheese—Twins, 20%@20%c; young Americas, 23c. Potatoes —On track. 245; arrivals, 69; shipments. 858; market, about steady; Wisconsin sacked round whites. $2.4t)©2.55; Minnesota and North Dakota sacked round whites. $2.30® 2.35; Minnesota Hollendales. [email protected]; Idaho sacked russets. $2.80®3.10. Bv T'nited Press CLEVELAND, Jan. 3.—Butter—Extras, 40c; extra firsts. 38%@39’%c: seconds. 39 ®3oc. Eggs—Extras. 46c; firsts. 44c. Poultry—Fowls. 30c; medium, 28c; Leghorn, 25c; Leghorn springers, 23c: ducks. 20® 24c; old cocks, 18c. Potatoes--Maine Green Mountain, $4.50 150-lb. sack; Idaho Russet, $4.25©4.50 100-lb. sack; home grown, *1604/ 1.65 bushel sack. NEW YORK COFFEE RANGE —Jan. 3 High. Low. Close. March 7.75 7.57 7.57 Mav 7.55 7.30 7.30 July 7.55 7.26 7.26 September 7.50 7.25 7.25 December 7.15 7.15 7.15

In the Stock Market

Bv Thomson A McKinnon. NEW Y’ORK, Jan. 3.—ln one of the dullest sessions of recent weeks, pernaps the most gratifying feature was that, notwithstanding one or two air pockets which developed here and there in the list, the market as a whole not only failed to lose any ground, but in several instances showed decided strength With the reassuring statement from the Fox interests, considerable short covering was indulged In, not only in that issue, but in outers as well, which no riouot contributed to the market's stability, lt is perhaps too early in the year to find many definite signs of improving business conditions, but in the splendid showing in the federal reserve - tatment, forecasting as it does a plentiful money supply, and a probable lowering of the rediscount rate later on, the foundation Is being laid for a resumption of business activity which should not be long delayed and in which it is beginning to appear that the automobile Industry will lead the way. In our opinion it will be well to bear in mind that fundamentals are sound, and that being the case no business depression can be of long duration. If you agree with this you must also agree that reflection of Improving business conditions will be found in higher security ori-es, and that investment opportunities, such as are now offered, will be readily absorbed.

BOND MARKET SHOWS LOWER .TREND IN 1929 Traders to Replace Funds Taken by Heavy Margin Calls From Brokers. BY OTTO E. STI KM. NEW YORK, Jan. 3.—The outstanding: development on the bond market during 1929 was the renewal, late in the year, of investment interest in bonds and the turning point in the long downward trend of prices for fixed interest bearing securities. The old axioms about, the safety of bonds were forgotten as the speculative fever spread and 5,000.-00-share days became commonplace on the stock market. With stock prices advancing steadily over the aforementioned period and the end of the big bull movement apparently never to come in sight, the popular desire to get rich quick by speculating in stocks placed the conservative policy of purchasing bonds more and more into the background, and consequently prices for representative issues on the bond market showed a steady downward course for more than a year. The decline in bond values for the first nine months of 1929 is illustrated by a study of the Dow-Jones average of forty representative bonds listed on the New York Stock Exchange. Then came the first results of the inflation in stock value and a sharp break in the share market was followed by a slump in call money rates. A brisk rally took place in the average that carried the figure up from the year’s low to 93.80. near the end of October. The average took another slump in the first half of November as the result of heavy liquidation of bonds on the part of traders trying to replace funds being eaten up by the heavy margin calls from stock brokers around the 15th of the month the figure had sagged back to 92.00 Public Takes Advice

I Stimulus was provided this improvement by the accelerated pace of trading, which indicated that the investing public was beginning to take the advice given by various economic authorities earlier in the year that bonds were attractively priced for buying at the levels to j which they had been depressed by ; the protracted downward movement. Furthermore, accumulation' of fixed interest bearing securities was stimulated by the drop in call money rates to the lowest levels in more than a year and the many corporations during the boom period in ' stocks had placed huge sums in the j demand loan. While the piospects of the sea- [ sonal year-end credit stringency | brought a temporary halt to the re- ; newal accumulation and advance in i bonds, the situation at the end of | the year was highly favorable and j the bond market enters the new | year with the value of sound fixed j interest issues again firmly established and with every prospect of climbing to higher levels in 1930. United States government securities and the list of high-grade and legal investment issues in the railroad, industrial and public utility categories which had been the most lethargic during the period when the stock market dominated the financial spotlight were the first to respond to the changed state of affairs late in the year. The government issues, carried to new lows during the first half c. the year as a result of the sti gency in credit, quickly respon to the precipitate easement in l. money situation and advances to new high peaks were scored by such j issues as Fourth Liberty 4t4s, Liberty 3Vis, First Liberty 4t4s and several of the treasury certificates. Railroad Bonds Higher The highest grade railroad bonds came to the fore in the late upswing, due principally to the strong position these issues were placed in by the favorable earnings of the leading carriers in the first half of the year. High spots in the group included St. Louis-San Francisco 4145, Atchison general 4s. Missouri Pacific issues, Missouri-Kansas-Texas 4s, New York Central, New Haven, Baltimore &; Ohio and Chesapeake & Ohio issues. The long-neglected high grade industrials and utilities came to life during November and a steady advance was entered into by such issues as Bethlehem Steel 6s, Standard Oil of New Jersey ss. National Dairy Products 5*4.8, Consolidated Gas 5145, Philade’phia Compafiy ss, Brooklyn Union Gas 5s and New York Edison issues. Convertible bonds had their inning in the first half of the year when the advantages to be derived from investment in the share privileges were enhanced by the rising stock market. The outstanding issues of the share privileges for strength and activity were the convertible communications, American Telephone 414 s, and International Telephone 414 s, both with attractive stock conversion features. Trading in the foreign obliga- ; tions during 1929 was comparatively moderate in volume, but renewed interest was stimulated by final settlement of the irksome question of German reparations. South American loans were ir- , regular and, near the end of the year, were heavily depressed by the closing of the gold exchange office j at Buenos Aires, a development! which caused Argentine issues to rlump to new low levels and depressed the entire list of South American governmental loans. Banks Link in Chain Bn T nited Press CHICAGO, Jan. 3.—Organization of a chain.-banking system in Chicago had brought together today fifteen Chicago banks with combined assets of $250,000,000. The organization is headed by the National Bank of the Republic, and will be known as the National Republic Bank Corporation.

Cash Grain

The bids lor car lots of grain at the cal! of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41 %c New York rate, were: Wheat— Fasv: No. 2 red. $1 21®1.23; No. 3 hard. $1.16.;, 1.17. Corn—6a>v No 4, 76<:77%c; No. 5 white, 73%gi75c No 4 yellow, 75it76c; No. 5 yellow, 72u73%c: No. 4 mixed, 71% 4/74c; No. 5 mixed. 684/ 70c. Oats—Easy—No. 2 white, 434; 44c; No. 3 white. 42 4/ 430. Hav—Steady: No 1 timothy. *15.50 I/T6: No. 2 timot'.'.v. *154/15.50. No. 1 light clover mixed, *14.50 p 15. —lnspections—■Wheat—No. 5 hard, 1 car. Total. 1 car. Corn—No. 3 white, 2 cars; No. 4 white. 2 cars; No. 5 white. 3 cars; No. 6 white, 10 cars: sample white. 2 cars; No. 1 yellow, 2 cars; No 3 yellow, 2 cars; No 4 yellow, 2 cars: No. $ yellow. 34 cars: No. 6 yellow, 22 cars; sample yellow, 22 cars; No. 5 mixed. 3 cars; No. 6' mixed. 6 cars; sample mixed, 13 cars. Total. 125 cars. Oats-No. 2 white, 9 cars; No. 3 white, 6 cars: No. 4 white, 8 cars. Total. 23 cars. Barley—No. 4. 1 car Total. 1 car. WHEAT PRICES CLOSE UNEVEN IN TRADE BOARD Weak Foreign Cables and Local Bear Sentiment Chief Factors. BY HAROLD E. RAINVILLE, t'nited Press Staff Correspondent CHICAGO, Jan. 3.—Wheat rallied during the late trading on the Board of Trade today to close unevenly higher to lower. Shorts and commission houses led the buying. The market was heavy throughout the day on -the weak foreign cables and local bear sentiment. Corn and oats were down with wheat. At the close wheat was % cent lower to % cent higher, corn was % to s / cent lower, and oats was unchanged to % cent lower. Provisions were about steady. Liverpool closed 2 to 2 1 * cents lower, still not as bad as was to be expected. At midday Buenos Aires was \2 to '■'i cent off. Prices here were around Thursday’s close just before noon. Action in the pit was very quiet. Cash prices were 1 cent lower. Receipts were 19 cars. Corn was easier at mid-session with wheat and the generally favorable weather over the belt. Receipts were small and offerings were light. The market has assumed a waiting position. Cash prices were 1 cent lower to 1 cent higher. Receipts were 188 cars. Oats were off fractionally during the morning on the weakness in the other grains, but trading was very moderate. There was some scattered buying. Cash prices were unchanged to % cent lower. Receipts were 28 cars.

Chicago Grain Table I . —Jan. 3 I WHEAT— pr,.,- . Pb°n. High. I.ow. Close, close! Jan... 1.25'* 1.25% 1.24 1.25% 125% ■Mar.. 1.30% 1.30% 1.29 1.30% 1.30% May.. 1.34 V* 1.34% 1.32% 1.34% 134% | July • U 34% 1.34% 1.32% 1.34% 1.34 % CORN— Mar.. .91% .92 .91% .91% .92 May.. .95% .95’% .94% .95 .95% July.. .96% .97% .96% .96% .97% | OATS—- | Mar.. .47% .47% .47% .47% .48 May.. .49% .49% .48% .49% .49% July. .48% .48% .47’% .48 Ui .48% RYE— Mar.. 1.0? % 1.04 ! 1.03% 1.04% 1.04% May.. 1.02% 1.03% 1.01% 1.03% 1.02% July.. I.ool* 1.01% 1.00% 1.10% 1.02% LARD— Jan.. 10.07 10.07 10.00 10.00 10.02 Mar.. 10.27 nominal 10.22 10.25 May. 10.52 10.52 10.45 10.46 10.45 BELLIESJan 11.55 11.55 j May. 12.20 12.22 13.20 12.20 12.15 j Bv T'mrs Snceinl CHICAGO. Jan. 3.—Carlots: Wheat, 6; corn, 436; oats, 50; rye. 4. and barley, 16. Bv t'nited Press TOLEDO, /an. 3.—Cash grain close: Wheat-—No. 2 red. *1.32%® 1.33’-. CornNo. 3 yellow. 912® 92):>c. Rye—No. 2. $1.04. Oat.>- No. 2 white. 49%©50%c. Barley—No. 2,70 c. Clover—Domestic, cash. I old, *11.30; cash, new. $11.30; January, j $11.30; February, $11.40; February choice. | $11.80; March, $11.50; March, choice, 1 $11.90. Clover—lmported. cash. old. j $10.25. Timothy—Cash. old. $3; cash. 1 ' “w, $3.25; March, $3.40. Alsike—Cash. , 10.75; February, $10.85; March. 11. Hay 1.25 cwt. .7 T'nited Press CHICAGO, Jan. 3. —Cash grain close: Wheat—No. 2 red, $1.20%©1.30%; No. 3 | hard. $1.25® 1.25%; No. 1 northern. $1.26% I @1.276: No. 2 mixed. $1.28. Corn—No. 3 ; mixed. 83®84c: No. 4, 80%c: No. 5. 76® ! 79c; No. 6. 75@77Vic; No. 2 yellow. 90%c; No. 3. 83//! 85c: No. 4. 80® 83c: No. 5. 76'% @Bl %c; No. 6. 75® 79c; No. 4 white. 81% @ 83c; No. 5. 80%®82c; sample grade. 63® 77c. Oats—No. 2 white, 45®46%c; No. 3, 43%@45%c; No. 4,44 c; sample grade. 43c. Bariev Clover—*lo.so® 18. p.v Times Hnerinl CHICAGO. Jan. 3. —Primary Receipts— Wheat—6l7,ooo. against 749,000; corn 1.284,000, against. 1.673,000; Oats 254.000, against 364,000. Shipments—Wheat 515.000. against 594,000; corn 579.000. against 739,000: oats 264,00 C, against 262,000.

On Commission Row

FRUIT* Apples—Delicious, box extra fancy. $3.40; choice, S2C//2.25: Jonathans. $2.75: Grimes Golden. $3.25: New York Duchess $2.25® 2.50: Gravensteln. *3: Wolf River. *2.50: Staymen Box, $2.75. Cranberries—l 4 • 25-lb. box: $8,35 • 50-lb. box. Grapefruit—Florida. *6.50@7. Grapes—California, seedless. $3.50 a crate: Emperor. *2.50(3)2.75 a crate. Lemons—California, a crate. $13.50@14 Llr es—Jamacla $232.50. Oranges—California Valencia. $4.50ft’8.50 Strawberries—*l.3s a quart. Tangerines—*3 50 a crate. VEGETABLES. Beans—Florida *4.7535 a hamper. Beets—Home-grown doz. 40c Carrots—California, crate. *3.50. Cabbage—*3.so a barrel Celery—Michigan 90c: Idaho $1.35 > dozen bunches. Cauliflower—Colorado, crate. $3. Cucumbers—Florida, *7 a crate. Eggplant—*2.so a dozen; *6 a hamper. Kale—Spring, a bushel *1.35. Lettuce—California Iceberg. *6.50 a crate; home-grown leaf a bushel. *1.65. Mustard—A bushel. *l. Onions—lndiana vellow *3.35 a 100-lb bag: white. 50-lb bag, $1.78. Parslev—Home-grown, doz. bunches 45c Peas—California. $8 a hamper. Peppers—Florida $9 a crate Potatoes—Wisconsin and Minnesota wnlte. *[email protected] a 160-lb. bag: Red River Ohlos 120 lb? $3.90: Idaho Russets. $4. Radishes—Button hothouse dozen 90c Southern long 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. RAW SUGAR PRICES —Jan. 3 High. Low. Close. January 2.00 1.88 1.88 March 2.01 1.94 1.95 Mav 2.07 2.00 2.00 July 2.12 2.04 2.04 September 2.18 2.13 2.13 December 2.25 2.19 2.19 Legal Notices LEGAL NOTICE The Board of Trustees of the Central State Hospital will receive sealed bids until 10 a. m.. January 8, 1930, for the hospital lunk for one year from January 1. 1930. BV ORDER OF BOARD OF TRUSTEES. AUCTION SALE—LEGAL NOTICE. Notice Is hereby given that the undersigned will offer for sale at their place c: business, 445-447 East Court street. Indianapolis Ind.. Friday. Jan. 17, 1930, the following personal property: Household goods stored under the names of American Loan Company, Henry Beiger. Viola Bunce, Kort Crittenden. C. H. Harrington. Beatrice Hopkins, Otto Humble. Irvin King. E. B. Martz. Charlie Reno, S. D. Roberts. J. C. Swift, Otis Lee Vaughan. Cora Wilson. Said sale being made to defray expense of storage and other charges. Sale will be for cash and pubtlc. SANITARY STORAGE COMPANY.

.JAN. 4, 1930

Notices NOTICE TO BIDDERS Bids will be received by /he Board of Trustees at their office. Central State Hospital, Indianapolis. Ind., until 10 o'clock v. m. Friday, Jan 31. *930. tor the Installation of boilers, atokers, boiler and stoker brick work and brick breeching, and also a heating and ventilating system for the Women's Building for the Central State Hospital. Indianapolis. Ind. Drawings and specifications will be on file on and after Thursday. Jan. 3. 1930, at the offices of the Board of Trustees ot the Central State Hospital, the State Board of Accounts and Bevington-Wll-liams, Inc., the engineer, and releases will be made to bidders on and after said date from the office of the engineer In Indianapolis. Proposals shall be made according to the form attached to the specifications and each shall be delivered in a sealed envelope addressed to the President of the Board of Trustees, marked "Proposal ' and bearing the title of the work and name of the bidder. Each proposal must be accompanied by a certified chcQc payable to the Board of Trustees m a sum equal to 5 per cent <*% > of the amount of the proposal in accordance with conditions included in the proposal form, which check shall be forfeited In case of failure of any bidder to enter into contract and furnish a satisfactory bond in amount equal to the contract price within eight <B' days after notification of acceptance of his proposal. The Board of Trustees is not obliged to accept the lowest or any other hid submitted and reserves the right to reject any or all proposals, to waive informalities in any proposal if it shall be, in the Judgment of the Board, to the interest of the State of Indiana so to do, and to defer acceptance or rejection for a period not to exceed eight (8> days. A deposit of $15.00 will be required of prospective bidders for each set of drawings and specifications taken from ’he office of the Engineer, which amount wid be returned in full in case the following two conditions are complied with, viz; (1) The return of the drawings and specifications to the Engineer within fifteen (15) days from the date of their release and (2| the delivery to the Board of Trustees of a bona fide bid at the time and place fixed tor receiving bids. Should the bidder fail in the obseryance of either of these conditions, he ®hall be entitled to a refund of five <*5.00) dollars: should he fall In the observance of both of the conditions, he shall forfeit the full amount of his deposit. By order of the BOARD OF TRUSTEES. NOTICE to road CONTRACTORS Notice is hereby given that sealed bids, for the construction of certain highways described as follows, will be received by the Director of the State Highway Commission at his office on the 3rd floor of the State House Annex. 102 North Senate avenue. Indianapolis, Indiana, until 10 a. m. on the 21st day of January. 1930, at which time they will be publicly opened and read. Project No. 154. Sec. B. Location: State Road No. 43. Lafayette-Brookston Road: Brookston. south; Tippecanoe and White Counties. 6.551 miles. Project No. 162. Location: State Roads No. 24 and 30, Ft. Wayne-New Haven Road; Ft. Wayne to south of New Haven. Allen County. 4.04 miles. Project No. 164, Sec. A. Location; State Road No. 7. Wirt-North Vernon Road: Wirt to 2% miles northwest of Dupont; Jefferson and Jennings Counties. 9.733 miles. Project No. 164, Sec. B. Location: State Road No. 7. Wirt-North Vernon Road: 2' 2 miles northwest of Dupont to North Vernon; Jennings County. 6.779 miles. Project No. 169, Sec. B. Location; State Road No. 43, Brookston-Francis-ville Road: Reynolds to % mile northwest of White and Pulaski County line; White and Pulaski Counties. 11.980 miles. Protect No. 184. Sec. B. I-ocatlon: State Road No. 54-Merom Dugger Road; 1 mile south of Sullivan, east through Dugger to Greene County line; Sullivan County. 9.070 miles. Project No. 190. Location: State Road No. 67. Sanborn-Switz City Road: Sanborn to Switz City: Knox and Greene Counties. 12.779 miles. Project No. 201. Location: State Road No. 40, Bridgeport-Indianapolls Road; Bridgeport to Indianapolis; Marion County. 5.794 miles. Protect No. 205. Location: State Road No. 36. Illinois State Line-Montezuma Road: Illinois State line to Montezuma: Vermillion and Parke Counties. 8.135 miles. Protect No. 225. Location: State Roads No. 30 and 2. Ft. Wayne-Elkhart Road; Relocation State Roads 2 and 30 immediately northwest of Ft. Wayne; Allen County. 0.234 miles. Bids will be received for three types of pavement on the above listed protects; Concrete, Bituminous Concrete, Brick, as shown on plans and described In the specifications. Combination bids will be received on the following project: Combination No. 1, Prol. 164, Sections A & B. Length 16.512 miles. The State wil! furnish the cement for the above protects. Proposal blanks and specifications may be obtained free, and plans upon payment, of $5.00 per set. upon application to the State Highway Commission. There will be no refund for plans returned. Plans mav also be seen without charge at the office of the State Highway Commission. 4th Floor, State House Annex. 102 North P mate Avenue, Indianapolis. Indiana. ALL CHECKS FOR PLANS SHOULD BE MADE PAYABLE TO "DIRECTOR INDIANA STATE HIGHWAY COMMISSION." Immediately prior to the time of filing any proposal, each bidder shall submit to the State Highway Commission, an experience record and financial statement, prepared on the State Highway Commission standard form. A. D. 117. prescribed bv the State Board of Accounts of Indiana. which forms will be furnished upon .request. Any experience records and financial statements now on file with the Commission will not be acceptable with proposals filed for this letting. Contracts will be awarded to the lowest and best bidder, but the right to reject any and all bids is reserved. Each bidder, with his proposal, shall file a corporate surety bond, payable to the State of Indiana. In the sum of one and one-half (l'%) times the amount of hix proposal, and In the form provided by INDIANA STATE HIGHWAY COMMISSION. J. j. BROWN. Director. TRY TIMES want ADP FflW HITStNESB.

Death Notices MORRIS. MARY A.—Wife of William Morris. daughter of Mrs. Catherine Walsh of Brownsburg. Ind.. passed away Thursday. Jan. 2. Funeral Saturday. Jan. 4, 8:30 a. m.. at FINN BROS ’ FUNERAL HOME, 1639 N. Meridian. Servicer. St. John’s church. 9 a. m. Interment Holy Cross cemetery. Friends Invited. R.ANSAY. IRENE—4IB4 Guilford Ave. Beloved wife of Walter L. Ransay. mother of Janith Louise, and John Lees Ransay, daughter of John and Carrie ,Lees, departed this life Wedensday Jan. 1. Funeral Saturday Jan. 4, at the Meridian Heiehts Presbyterian church. 2 o. m. Friends Invited. Burial Crown Hill. Funeral under direction of MOORE & KIRK. In Memoriam Notices IN MEMORIAM—In loving remembrance of Gerald Hoback, who died one year ago today, Jan. 3. 1929. Sadly missed by __ THE FAMILYTIMES WANT APS BR T NO BUSINEBS Funeral Directors WM. D. BEANBLOSSOM. Mortuary. I Phone. Be. 1588 1321 W. Rav St. W. T. BLASENGYM Main office, 2220 Shelby St. Drexei 2570. George Grinsteiner Funeral director 522 E. Market Riley 5374. UNDERTAKERS. HISEY & TITUS. 931 N. Delaware. LI. 3821 LAUCK FUNERAL HOME 1458 S. Meridian. Dr. 2140 J. W PATTERSON. Funeral Director. Riley 3606. “A REAL HOME FOR SERVICE” RAGSDALE & PRICE LI. 3608. 1219 N. Alabama WALI) 1232 Union Bt. 1619 N. Illinois 8/ J C. WILSON funeral parlors, ambulance service and modern automotive equlpment. Dr. 0321 and Dr. 0322. Transportation COLONIAL? STAGES - m IWTER STATE TRANSIT Ride in Comfort Great Lakes to Gulf Coast to Coast Chicago $ 4.00 Pittsburgh ...$ 8.00 Dayton 3.00 Philadelphia .16.00 Detroit 6.00 New York .... 18.00 Cincinnati ... 3.00 St. Louis 5.00 Louisville ... 3.00 Kansas City.. 0.00 Nashville .... 7.00 Denver 22.50 Jacksonville . 22.001L0$ Angeles .. 47.50 New Busses—Air Cushions— Keclining Chairs Gold Medal Drivers Three Convenient Depots DENISON HOTEL TERMINAL RI. 4000 104 Monument Circle Lincoln 4000 Union Bus button Bile/ 2255