Indianapolis Times, Volume 41, Number 213, Indianapolis, Marion County, 15 January 1930 — Page 12
PAGE 12
STOCK MARKET RALLIES AFTER EARLY SELLING Public Utility. Amusement Shares Lead in Upturn.
Average Stock Prices
Average of thirty industrial* Tuesday, waa 250 44. up 88: twenty rails 148 58. up .27: twenty utilities 88 61. off .03. forty bonds 94.24, unchanged. Hu United Press NEW YORK. Jan. 15.—Brisk rallying tendencies developed on the Stock Exchange around noon today after the list had b subjected to a severe bear attack through the morning dealings and leading issues recovered to around their previous closing levels. Large offerings of the principal trading stocks were thrown on the market around the start of the second hour of trading and substantial recessions were forced in pivotal shares like Montgomery Ward. Scars, Roebuck and other leading issues. Selling of these issues spread to other sections of the list. Buying Develops However, the early drive failed to bring out much liquidation in various sections and a sharp rebuying movement developed under the leadership of the public utility and amusement shares. Bearish professionals, who had hammered the market through the morning, gre.v discouraged at the resistance that was shown by leaders and quickly covered their short contracts. The improved tone around noon ■was also stimulated by announcement that early reports of Jesse Livermore forming a bear pool in Montgomery Ward were unfounded. Steel Recovers United States Steel recovered more than a point from its early low and other leaders came back proportionately. Impressive strength was also maintained in Union Carbide, the issue moving up several points to anew high on the current recovery. Electric Power and Light was an outstanding strong spot in the public utility shares and pronounced buoyancy was evident in Consolidated Gas and National Power and Light Loew’s, Inc., Warner Brothers and Pox Film A all participated in the improvement in the amusements. Unprecedented activity developed in Transcontinental Oil, the issue rising nearly a point on tremendous transactions. Gold Dust. Standard Brands and other recent leaders were active and firm.
Banks and Exchange
INDIANAPOLIS STATEMENT Indianapolis bank clearings. Wednesday, Jan. 15. $4,061,000; debits, $8,821,000. CHICAGO STATEMENT By United Press CHICAGO, Jan. 15— Bank clearings. $91,200,000; balances, $8,700,000. NEW YOKE. STATEMENT B<! United Press Trew YORK. Jan 15.—Bank clearings. *1,241.000.000; clearing house balance. $163,000,000; federal reserve bank credit balance, $148,000,000. TREASURY STATEMENT By United Press WASHINGTON, Jan. 15.—Treasury net balance Jan. 13. was $112,602,080.43; customs receipt*, for the month to the sam<date totaled $16,071,317.17; government expenditures Jan. 13 were, $15,079,860.32. WINS COURT JUDGMENT Bloomington Bank Ordered so PayCertificate Dividends. Judgment was entered in federal court today aaginst the First National bank of Bloomington, awarding Mrs Theresa Tannenbaum of Enfurt, Germany, unpaid diivdends on seventy-one shares of capital stock of the First National bank, Bloomington, amounting to $1,670. Levi Tannenbaum, husband of the plaintiff, died in Germany in 1899, and bequeathed his wife a stock certificate of the bank on which dividends never were paid. NEW YORK COFFEE RANGE Jan. 14— High. Low Close. January 8.05 8.05 8.05 March 8.10 7.90 7.90 May 7.63 7.'5 7.55 July 7.55 7 .3 7.50 September 7.55 7.45 7.45 December 7 so 7.30 7.30 WMmestments AMERICAN • COMPANY® laJltaa'l Largest InrpMi.iznt House 247 North Pennsylvania Street Our new downstairs location has created an unusual demand for hig-h-class rental properties. List your properties with us . . . special rate. INSURANCE RENTS APPRAISEMENTS REAL ESTATE LOANS LI ncoin 7491
piy " 1 111 W Jj f 13 Good to Look at— j] h ---Practical to Work With g Two Good Reasons Why More Concerns || Buy Aetna Office Furniture W Than Any Other || 1 AETNA CABINET CO 1 !a1 DCSIONERS &,MF6S.QI r &ANK. Off ICE STORE FIXTURES |aJ
Produce Markets
Egg* (country runt—Los* off delivered In Indianapolis. 38c: benery Quality, No. 1. 42c; No. 2. 32c; No. 3.28 c. Poultry (burin* prices'— Hens weighl In* 5 lbs. or over ,24c; under 4 lbs.. 21c: Leghorn hens, 18c; springers. 5 lhs. or over 22c under 5 lbs.. 20c: spring Leghorn.'. 15c: stag*. 14c: cocks. 14c: capons. 8% lbs or over. 28c: capons. 7% lbs. or over. 28c: capons and slips. 5 lbs. and over. 23c capons. 5 lbs. and under. 20c: ducks, full feathered, fat. whites 13c. These E rices are for No. 1 top Quality, auoted y Kingan Sc Cos Bitter (wholesale!— No 1. 3641370: No. 2. 34 ; 35c. Butierfat—334l34c. Cheese (wnoiesaie selling price per | pound i —American loaf. 35c: pimento loaf. 37c. Wisconsin firsts. 27c: Longhorns. 27c. New York llmberger. 30c. BT nited Bring NEW YORK. Jan. 15.—Flour—Dull, but steady, spring patents. *6 25© 6.75. Pork -Dull; mess. $26.50. Lard Firmer; middle west spot. $10.95® II 05. Tallow—Bteady special to extra. 7%©7%c. Potatoesfirm; Long Island. $2 254; 8.50; southern. $24-3 crate; Maine, 34 254/5.65 barrel; Bermuda. $54111 barrel. Sweet potatoes— Easy, southern. 65c a*l 25 basket; Jersey, 50c© $2.25 basket. Dressed poultry—Quiet and easy; turkeys. 26©43e; chickens. 19 ■it 40c; capons. 27 144 c, fowls, 18® 33c; ducks. 15/i 25c; Long Island. 234126 c. Live poultry—Firm; geese, 124/20c; ducks. 12 4/25c; fowls, 27c 32c; turkeys, 20®30c; roosters, 16c; chickens, 194; 25c; broilers, 224i 35c. Cheese—Quiet: state whole milk, fancy to special, 24®26c; young America, 22©24>.ic. Hu United Press CHICAGO. Jan. 15.—Eggs—Market, firm; receipts. 9.269 cases; extra firsts, 41 %'it 42c: firsts. 38®-39c; ordinaries. 364137 c; seconds, 284/ 34c. Butter—Market, firm; receipts, 8 117 tubs; extras, 33%c; extra firsts. 324/ 32’4c; firsts. 30®31%c; seconds, 28v; 23c; standards, .33 %c. Poultry—Market. steady; receipts, 2 cars; fowls, 26Vic; springers, 2IV2C; Leghorns, 22c; ducks, 16c; gee e. 144/ 15c: turkeys. 25c: roosters, 18c. broilers. 304132 c. Cheese—Twins. 19% .4/ if,a 4C ; young Americas, 21c. Potatoes— On track' 223 cars; arrivals, 69 cars; shipments. 771; market, steady; Wisconsin sacked round whites. $2 504; 2 60; Michigan sacked round white-. $2 50412.55; Idaho hacked Russets. $3.10413.25.
The City in Brief
Robert G. Hesseldenz, president; Charles M. Dawson, vice-president; James B. Maxwell, secretary, and Clark Mills, treasurer, were installed as officers of the Exchange Club of North Indianapolis, at the weekly luncheon at 3810 College avenue Tuesday. Othamar Marti, chief engineer of the American Brown Bovene Company, will speak on “Mercury Arc Restifier” at the monthly dinner of Indianapolis Lafayette section of American Institution of Electrical Engineers at the Spink-Arms at 6 tonight. Indianapol's chapter of the National Association of Cost Accountants will hear Martin S. Uhlmann, auditor of P. R. Mallory Company, at a dinner meeting at 6:30 tonight at the Chamber of Commerce. The board of directors, instead of the membership, will elect future officers of the Rotary Club here, a change In by-laws, voted Tuesday noon by the club, provides. Walter Dorwin Teague of New York, designer for the Marmon Motor Car Company, will address the Indianapolis Advertising Club at the weekly luncheon Thursday noon at the Columbia Club. A survey of the Indianapolis real estate market will be presented by realtors, Marion Stump, M. L. Hall, Robert Allison, E. E. Brodbeck and T. J. Ow r ens at the luncheon of the Indianapolis Real Estate Board at the Lincoln Thursday noon. Dr. O. W. Fifer, district superintendent of the Methodist church, will address North Church Men’s Club Thursday night, his topic will be “Long, Long Trail.” Edward O. Snethen, club president, announced officers for the coming year will be chosen. Mrs. Rosa Beville will speak on “The Delusion of Spiritualism” at the Gospel Mission, 1501 Southeastern avenue, at 7:30 Thursday night. Chamber of Commerce stockholders’ meeting will be held Friday noon at the Chamber of Commerce. Vote on amendments to by-laws will be the principal feature. Inter-racial Sunday, Feb. 9, will be planned by the inter-racial committee of the Council of Social Agencies and other inter-racial groups Friday noon at the Y. M. C. A. Indianapolis chapter of the National Association of Cost Accountants will hold a dinner at the Chamber of Commerce at 6:30 tonight, preceding a technical session at which Martin S. Uhlmann, auditor of the P. R. Mallory Company of Indianapolis, will speak. Births Boy* Claud and Agnes Swir.gord, 5130 Conden. Roy and Gllberta Bell.. 2344 Wood. Preston and Louise Lowe. Coleman hospital. Puce and Freda Giles. 4716 North Manlove. Benjamin and Esther Scalf, 2627 North Olney. W eldon and Elizabeth Jones, 432 East St. i Clair. John and M. rv Weekly. 618 North BerI vick. William and Karen Molay, 1614 ; Place. Girls Fredrick and Vereda Sullivan. 229 East ! Sixteenth. R"lph and Lucille Clark. Coleman hospital. neon and Inez Shepherd. Coleman hoa- ; pital. Raymond and Madeline Ostermeier, 5965 i Re. wles. Deaths Mose Wade. 95, 1615 Massachusetts, arteriosclerosis. Margaret Raper. 91. 406 North Wallace, chronic myocarditis. Anna Jeffries. 68. 1731 North Capitol, general septicaemia. Elizabeth Richardson, 29, 357 West Thirteenth. cerebral hemorrhage. James H. Perry. 59. 510 Bright, chronic parenchymatous nephritis. Anna Harlan. 55. Long hospital, chronic myocarditis. Eddie Cordell Pullens, 9 mo.. 2015 West Elevenht. gastro enteritis. Eugene W. Field. 37. Methodist hospital, broncho pneumonia. Ellen Quinn. 80. 3302 Graceland. chronic mvoca rditis. Alice Louise Reams. 4 mo., city hospital, strentococclc meningitis. Albert Stevens. 55. 1636 East Le Grande, obstruction of bowels. Emma E. Morton. 70. 2808 Martindale. mitral insufficiency. Isabelle Johns. 73. 1822 Hoefgen. carcinoma. Mary Anna Bruhn. 63. 234 East lowa, cerebral hemorrhage. Barbara Ann Baumer, 1, 1420 Dawson, lobar pneumonia. William Mevello Moore. 7. Methodist hospital. peritonitis.
PORKERS SHOW BETTER TREND AT CITY YARDS Cattle Slow and Steady; No Change Noted in Sheep Mart. Jan. Bulk. Top. Receipts 8. *lO.lO $lO.lO 4.500 9. 10.10 10.20 6.000 10. 10.00 10.25 8.500 11. 9.75 10.00 7.500 13. 9.854)10.10 10.10 3.000 14. 9 854/ 10.10 10.10 3.000 15. 9.854;. 10.25 10.25 7,000 Hogs showed signs of returning strength today at the city stockyards, prices being steady to 15 cents higher. The bulk, 140 to 275 pounds, sold at $9.85 to $10.25. Top price $lO.2S>. Receipts were 7,000, holdovers 224. Cattle receipts were 1,100 with the ; steer market slow. She stock held steady. New calf arrivals were 400 with the market 50 cents higher, selling at $17.50 down. Little change was noted in sheep. Lambs were mostly $13.50 down. Receipts were 700. Chicago hog receipts were 22,000, including 3,000 direct. Holdovers were 6,000. The market held steady with Tuesday’s average. A few loads of choice 170 to 210-pound weights sold at $9.85 to SIO.OO. For 220 to 240-pounders a price of $9.75 to $9.85 was being offered. Cattle receipts were 9;500, sheep 15,000. —Hogs— Receipts. 7.000; market, steady. 250-350 lbs. and up $ 9.25® 9.60 225-250 lbs 9.75®, 9.85 200-225 lbs 10.15' 160-200 lbs 10.10 130-160 lbs 9.75® 10.00 90-130 lbs 8.754); 9.50 Packing sows 7.75® 8,50 —Cattle— Receipts. 1.100: 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®T5.75 Common and medium 9.50® 12.50 Heifers. 350 lbs. down, good and choice 12.50® 15.00 Common and medium 8.00©)12.50 Cows [email protected] Common and medium 6.50®! 8.50 Lower cutter and cutters..., 4.75®; 6.50 Stocker and feeder steers. good and choice [email protected] Common and medium 6.50® 8.50 —Veals— Receipts. 400: market, steady. Medium and choice $13.50®; 17.50 Cull and common 7.50® 13.50 —Sheep— Receipts. 700: market, weak. Lambs, good and choice $13.00®T4.00 Common and medium [email protected] Ewes, medium to choice 4.50® 6.50 Cull and common 2.50® 4.50 Other Livestock Bu United Press CHICAGO, Jan. 15.—Hogs—Receipts, 22.000; including 3.000 direct; market, steady to strong, on hogs scaling under 300 Jbs., spots 5® 10c higher; heavyweights, steady to 10c lower; top. $10.10; bulk, 140210 lb. weights, $9.75(0 i0.05; butchers, medium to choice. 250-350 lbs.. $9.20®9.75; 200-250 lbs.. $9.50® 10: 160-200 lbs.. $9.75®! 10.10; 130-160 lbs.. $9.50® 10.10: packing sows. $8.25® 9; pigs, medium to choice. 90130 lbs.. 59.254J10. Cattle—Receipts. 9,500; calves. 2.500; yearlings, mostly steady; weighty steers, weak to 25c lower: largely a steer run with medium weights and heavies predominating: early top yearlings, $15.50; slaughter classes, steers, good* and choice. 1300-1500 lbs., $11.75®15.50: 11001300 lbs., sl2® 16.25; 950-1100 lbs.. $12.50®! 16.50: common and medium. 850 lbs. up. [email protected]; fed yearlings, good and choice, 750-950 lbs., $134)16.50; heifers, good and choice. 850 lbs. down. $12.254815.50; common and medium. [email protected]: cows, good and choice. $8®10.75; common and medium. $6.50@8: low cutter and cutters. ss@ 6.75; bulls, good and choice, beef. $9.2548 9.85; cutter to medium. $7®9.50; vealers, milk fed. good and choice. $12.75®;16; medium. $114)12.75: cull and common. $7.25 @11; stocker and feeders, steers, good and choice, all weights. $10.504811.50: common and medium. $8.25©>10.50. Sheep—Receipts. 15.000; market, opened steady to 25c lower: early bulk fat lambs, $13.50®! 13.75; early top. $13.85: fat ewes. $7 down: feeding lambs, steady: choice 60 lb. weights. $12.75: lambs, good and choice. 92 lbs. down. $13.25®H4.10: medium. sl2®! 13.25; cull and common. $10.50® 12: ewes, medium to choice. 150 lbs. down, $5.50@ 7.50; cull and common. $34)5.75: feeder lambs, good and choice, $11,654)13.10. Bu United Press _ FT. WAYNE. Ind.. Jan. 15.—Cattle—Receipts. 100. Calves—Receipts. 50. Hogs— Receipts. 500. Sheep—Receipts. 100: hog market. 10c up; 120 lbs. down. $9.25; 120140 lbs.. $9.50; 140-160 !bs„ $9.85; 160-200 lbs.. $10: 200-225 lbs.. $9.85: 225-250 lbs.. $9.70: 250-300 lbs.. $9.55: 300-350 lbs., $9.40; roughs. $7.75; stags. $6; calves. $16.50; lambs. $12.25. _____ nu Times Special . . LOUISVILLE. Jan. 15.—Hogs—Receipts 1.000, market, steady to 25c higher; 250 lbs. up, $9.65: 165 to 250 lbs.. $10.25; 130 to 163 lbs., $9.65; 130 lbs. down. $8.50; roughs $7.85; stags, $7.25. Cattle—Receipts, 200: market, steady; prime heavy steers. $11,504/13; heavy shipping steers, slo® 11.50; medium and plain steers. $3.50 @10; fat heifers, SB@l3; good to chotce cows. s7®!9; medium to good cows, s6@; 7- cutters. $5.25® 6; canners, $3,504)4.75; bulls. s6@9; feeders, sß® 10.50; stockers, [email protected]. Calves—Receipts. 200; market steady; top calves, sls; good to choice. sl2® 15; medium to good. s9@ll; outs. $9 down. Sheep—Receipts. 50; market, steady; ewes and wethers. $12.50@13; buck lambs. $11.50®!12; seconds. s6®9; sheep, ss@6: Tuesday’s shipments: cattle, 35; calves, 96; hogs, hone; sheep, none. Bu United Press „ CLEVELAND. Jan. 15.—Hogs—Receipts, 3.300; holdovers, 774; steady to 15c higher, weights 270 lbs. down. $10.25®>10.35; rough sows, $8; stags. $6.25. Cattle—Receipts, fairly active: fullv steady; medium cows largely. [email protected], only scattering low cutters under $5; few good cows. sß.so<i 9.25. Calves—Receipts. 500; fairly active, strong; spots higher, better grade vealers, $184(18.50; common and medium, $13.50 fit 16.50 mostly. Sheep—Receipts, 1,200; active, fully steady; better grade lambs upward to $14.00. few choice $14.10 or better, medium throwouts. sll @l2; fat ewes. $64) 7. Bu United Press PITTSBURGH. Jan. 15.—Hogs—Receipts. I. market, active; 10c to 20c higher; 150-240 lbs.. $10,504)10.65; 100-140 lbs., [email protected]; few. 250-300 lbs.. [email protected]; sows. sß® 8.50. Calves—Receipts. 100; market strong to 50c higher; top vealers. $18.50. Sheep—Receipts. 500; market, steadv; spots higher: few choice lambs. $14.25; bulk, [email protected]; aged wethers, $8 @8.50. Bf T'nitrd Press EAST BUFFALO. N. Y., Jan. 15.—Hogs— Receipts, 2,100; holdovers. 1,200; fairly active to all interests, 10 s 15c higher; 140220 lbs.. $10.40® 10.50; 230-250 lbs.. $10.15@ 10.25; 270 lbs.. $10; packing sows. $8,354/' 9. Cattle—Receipts. 125; fully steady; medium steers and heifers. $11,754)12: cutter cows. $4.25® 6.50. Calves—Receipts. 150; vealers active, steady: $lB down. Sheep —Receipts, 1.200: lambs, draggv, weak to and down. $13,754)14: sparingly. 514.25; mcstlv 25c lower: good to choice. 130 lbs. medium and strong wieghts. $12.25015.25; fat ewes, $6®7.25. 8” United Press TOLEDO. Jan. IS.—Hogs—Receipts. 800; steady. Sheep and lambs—Receipts, light; market, steadv: heavies. $9.50® 9.60; mediums. $9,754/ 9 90: Yorkers. $9.75® 10: pigs. $9.75® 9.85. Cattle —Receipts, light; market, steadv. Calves—Receipts, light; market, market, steady. Bf United Press CINCINNATI. Jan. 15.—Hogs—Receipts. 2.500: holdover. 85: butechsr. 160 lbs. up. 15c to mostly 25c higher; closing slow at advance: light lights, nigs and sows, steadv: bulk choice. 170-220 lbs.. $10.50: less desirable and lights scaling down to 130 lbs.. $10; few 250-270 lbs.. $9.85@10: bulk packing sows. sB®B 25; smooth finished light weights. $8.50. Cattle—Receipts. 450; calves. 300: slow, about steadv: spots, lower: few medium to good. 600-800 lbs., offering *l2® 13- odd head higher: beef cows. $7,504/9.50:: low cutters and cutters. $5.50@7: bulls. $9.25 down- veals, steadv. top *l7: bulk above sl4. Sheep — Receipts. 450: steadv. choice. 65-75 lbs., lambs. SIASO: less desirable and heavier kind. sl4 down: throwouts and bucks. slo® 11. good light ewes. $5.50; common sheep. $4 down. Legion Post Will Meet Members of Hayward Barcus post and auxiliary, American Legion, will hold a joint meeting in the assembly ; room of national headquarters at 7:30 tonight. Mrs. Ruth Ridgeway i will preside at a business meeting and Mrs. Edna W. Barcus will preside at dedication of colors.
THE INDIANAPOLIS TIMES
New York Stocks (By Thomson & McKinnon.'*’"—
—Jan. 15— Prev. Railroads— High. Low. 12:00. close. Atchison 226 226 226 227 Atl Coast Line 169*4 169*4 169*4 Balt Sc Ohio 119% Canadian Pac ..196% 1954% 196% 195% Chesa Sc Ohio. .211 3 < 210 210*4 210 Chesa Coro 69 1 a 68% 69 168% Chi & N West.. 85% 85*2 85% 85% Chi Grt West 15 c R i & p 116% 116*4 ltfiu Del Sc Hudson..!69 163% ITT 167 Erie 58 58 58 58*4 Erie Ist pfd.... 61% 61% 61% 61% Grt Nor 97 Kan Citv South 80% 80% 80% . Lou Sc Nash 136 Mo Pac 89% 89% 89% 90% M K Sc T 54% 53% 54% 54% Mo Pac pfd ... ... 136% N Y Central 170% 170% 170% 1704. N Y C & St L 133 NY NH & H... .110% 109% 110% 111*4 Nor Pacific 85% 85% 85% 86 Norfolk Sc West 228% O Sc W 15% Pennsylvania .. 77% 76% 76% 77% P Sc W Va 118 118 118 Reading 125% Southern Rv 136 135 135 136 Southern Pac 121% St Paul 24% 24% 24% 24% St Paul pfd 43% 43% 43% 43% St L Sc S W 64 61% 61% 63% St L & S F 110 Texas & Pac ... ... 123% Union Pacific 217% West Maryland.. 27 26% 26*4 27% Wabash 57% 56% 56% 58 West Pac 23% 23% 23% ... Rubbers— Ajax 2% 2 2*4 2% Fisk 3% Godrlch 43% 41% 42 43% Goodyear 64% 62% 64 64% Kelly-Spgfld .... 4% 4% 4% 4% Lee 7% 7% 7% 8 United States 24% 23*/* 23% 24*% Equipments— Am Locomotive. ~ ... ... 102% Am Steel Fd 47 % Am Air Brake S 48% Man Elec Sup.. 27*4 27*4 2 7*4 25% General Elec ...2!8% 246 247 247% Gen Ry Signal.. 91% 91% 91*% 91% Gen Am Tank... 105% 104 104 104% N Y Air Brake.. 46 46 46 46 Pressed Stl Car 9 8% 8% 9% Pullman ... ... 86 Westingh Air 8.. .. ... ... 45% Westtngh Elec ..148% 146*4 146% 117% Steels— Am Roil Mills.. 87% 85% 85% 86 Bethlehem 97 96 96% 96% Colorado Fuel.. 42% 40% 41% 41% Crucible ... ... 91% Inland Steel 74 74 74 74 Otis 33 Rep Iron & Stl.. 76 76 76 78% ludlum 36 35% 35% 35% U S Steel 171% 170% 171% 171% Alloy 33% 33 33*4 33% Youngstown Stl .. ... 109 Vanadium Corp 54*% 54 54’% 54*4 Motors— Am Bosch Mag.. 43 7 /„ 43% 43% 44% Briggs 15% 15*4 15% 15*4 Brockway Mot... 15*/8 15 15 15*4 Chrysler Corp.. 35% .34% 35% 35% Eaton Axie 30 29’% 29% 30% Graham Paige 9% Borg Warner .. 36% 35% 33 36 Gabriel Snuubrs 8% 6% 6% General Motors.. 39% 38 38% 39% Elec Stor Bat.. 77% 77% 77% 72 Hudson 56% 54% 55% 56% Huop 22% 21% 21% 2.3% Auburn 185 Mack Trucks 72% 72 72 Marmon 23% 21% 22% 23% Rco 11 11 11 11 Gardner ... ... 4 Motor Wheel .. 28 28 28 Nash 54% 54% 54% 54% Packard 15% 15% 15% 15% Peerless 7% 7% 7% 8% Pierce Arow 22% 22% 22% 24% Studebeker Cor 43 42% 42% 42% Stew Warner... 41% 40% 40% 40% Timken Bear 76% 74% 76 76 Willys-Overland. 9% 8% 9% 8% Yellow Coach... 13% 13% 13% 13% White Motor 32 Mining— Am Smelt & Rfg 73 71 % 71% 72% Am Metals 45% 45% 45% 43% Am Zinc 11 10% 10% 11% Anaconda Cop.. 74 73% 73% 74*% Calumet & Ariz .. ... ... 82 Calumet & Hecla 30% 30% 30% 31 Cerrn de Pasco.. €3*4 63*% 63% 63% Gt r 0re.... 21% 21% 21% 21% Ho. • Sound 36% Int Nickel 35% 34% 394% 35% Kennecot Cop.. 57% 57 57% 57% Magma Cop ... ... 50% Miami Copper.. 29% 29 29 29 Nev Cons 29% 29 29% 29% Texas Gul Sul. 57% 57% 57% 58 St Joe 52 52 52 51% U S Smelt 34% 34% 34% ... Oils— Atlantic Rfg.... 38 38 38 38 Barnsdail (A).. 23% 23 23 29% Freport-Texas... 41% 40*4 40% 43% Houston Oil ... 56% 56% 56% 56 Indp Oil & Gas 22% 22% 22% 23% Conti Oil 23 22% 22% 22% Mid-Cont Petrol. 26% 26% 26% 27 Pan-Am Pet B ... ... 58 Philips Petrol.. 33% 33 33 34 Prairie Oi! .... 51% 51% 51% 51% Union of Cal... 45% 45% 45% 45% Prairie Pipe .... 68% 58*4 58% 58*4 Pure Oil 23% 23% 23% 23% Roval Dutch... 54% 54% 54*4 54% Richfield 25% 25 25 25 Shell 23% 23% 23% 23% Simms Petrol 25% Sinclair Oil 24% 24% 24% 24*4 Skelly Oil 31% Std Oil Cal 61% 61% 61% 61 Std Oil N J 64% 64% 64% 64% Std Oil N Y 33 32% 32% 33 Tidewater 12% 12% 12% 12% Texas Corp 55*% 55% 55% 55% Texas C & 0.... 10 9% 9% 10 Transcontl 9% 9% 9% 9% White Eagle 27 Industrial*— Adv RumeiyT... 14% 14% 14% 14% Allis Chalmers. 51% 51% 51% 51*4 Allied Chemical. .269% 268 268 269 A M Byers 92% 90% 91% 91% Armour A 5% 5% 5% Amer Can 124 123% 123% 123% Alieghaney Corp 26% 25 7 /g 26% 26% Am Safety Raz 60% Amer Ice 37 37 37 36% Am Woolen .... 10 9% 9% 10% Assd Dry Goods 30 7 / s 30% 30% 31 Bon Aium 52 51% 51% 52 Coca Cola ... .. 137% Conti Can 53% 53% 53% 53% Certainteed .... 11% 11% n% ... Crosley 15% Congoleum .... 14% 14% 14% 14% Curtiss W 7% 7% 7% 7% Davidson Chem 29% 29% 29% 30' Dupont 114*4 113% 113*8 114 Famous Players 52% 52% 52% 52% Gen Asphalt .... 52% 51% 52 51% Fox (A) 22% 21 21% 21 Gold Dust 43% 43 43 43% Glidden 32% 32% 32% 33% Int Harvester.. 81% 81 81 81% Kelvinator .... 8% 8% 8% 8% Lambert 101 % 100% 100% 102 Link Belt 39 Loews 49% 48% 48% 48% May Stores..,. 51% 49% 50% 50% Roister 2% 2% 2% 2% Montgom Ward 44 40% 40% 44% Natl C R ~•••• 76% 76% 76V) 76 *2 Radio Keith .... 24% 23% 24 23% Owens 80tt1e.... 53% 53% 53% ... Radio Corp 42% 41% 42% 41% Real Silk ... ... 45 Rem Rand 28*% 28% 28*% 28% Sears-Roebuck... 85% 83% 85% 87% Union Carbide.. 80% 79% 80% 80% Warner Bros 45% 44% 43% 44% Un Air Craft.. 52% 50% 51% 51% Univ Pipe 3% 3% 3% 3% USCs Ir Pipe.. 22% 22% 22% 23% U S Indus Alco 128% 128% 128% 133% Worthington Pu 71% 71% 71% 72% Woolworth Cos.. 67% 67% 67% 67% Wright Aero 67% Utilities— Am Tel & Tel ..219% 219% 219*% 219% Am Pr &Lt 83% 83 83% 83 Eng Pub Serv... 42% 41% 42% 41% Am For Power.. 95% 94% 95% 95 Am W’at Wks.. 95 93% 95 94s Gen Pub Serv.. 34% 34 34 34% Col G& E 77% 76% 77% 77 Consol Gas 103% 102% 103% 103 Elec Pow Sc Lt.. 56% 54% 56% 54% Int TANARUS& T 74% 73% 73% 73% Nor Am Cos 97 96 96 96% Pac Light 80% 78% 78% 79 Pub Serv N J... 87% 85% 86% 85% So Cal Edison 57 Std Gas <fc EH...115% 114% 115 115% United Corp 33% 32% 33% 33% Utilities Power.. 32 32 32 31% United GSc Imp 35% 3<% 35 34% West Union Tel 201 201 201 204 Shipping— Am Int.l C0r0... 38% 37% 38 38% Atl Gulf &W I 75% 75% 75% 76% United Fruit ...104% 104% 104% 134% Foods— Am Sug Rfg... 63 63 63 63 California Pkg.. 67% 67 67 Canada Dry 68% 67 88% 67% Corn Products.. 91% 91% 91% 91% Cent Bak A.... 43% 43 43 43% Borden 64% 63% 63% 64% Cuban Am Sug.. 8% 7% 8% 7% Grand Union ... 14% 14% 14% 39% Grand Union pfd 39% 39% 39% 39% Jewel Tea 46 Kraft Cheese.... 41% 40% 41% 41% Kroger 44% 44% 44% 41% Loose-Wiles 53 Natl Biscuit ...183% 183% 183% 183% Natl Dairy 47% 46% 46% 47 Pu'ity Baak... .79 79 79 80 Loft 3% 3% 3% 3% Stand Brands 27% 27% 27% 27% Tobaccos— Am Sumtra..... 21% 21 21 21 Am Tob B 204 202 204 203% General Cigar... 53% 53 53 Lig Sc Meyers .. 97% 97 97% 97% Lorillard 17% 17% 17% 17% R J Reynolds.. 50% 49% 49% 50 Tob Products B 2% 2% 2% 2% United Cigar St 4 s * 4% 4% 4% Schulte Ret Strs 7% 6% 6% 6% Marriage Licenses Ernest L. Barnhart. 22. of 801 South Blitmore. chauffeur, and Helen Thompson, 19. of 207 North Lynhurst, waitress. Michael Boyle. 30. of 1414 North Dearborn. mechanic, and Ruth H. Johanngsmeier. 20. of 1414 North Dearborn. Raymond Hendrick. 23. of 1640 West Ohio, laborer, and Evelyn S. Harper. 19. of 2110 West Michigan, clerk. Julius Jeffries. 22. of 331 Douglas, laborer. and Naneie Booker. 27. of 331 Douglas. Marion T. Sbupp*rt. 22. of 1317 Fletcher, and Georgena Pruitt. 21, of 2538 East Sixteenth, stenographer.
WEAK FOREIGN CABLES FORCE WHEAT LOWER Corn and Oats Trail Major Grains Downward at Mid-Session. By United Press CHICAGO, Jan. 15.—Wheat sank heavily as the Board of Trade opened today, weak foreign cables being very depressing. Liverpool opened lower and dropped 1% to 1% cents on_ the bearish figures by Broomhall, who states that he has over-estimated the needs of England, and the easing at Buenos Aires where prices were unchanged to % cent lower just before noon. Corn and oats were off with wheat. At the opening wheat was % to 1% cents lower, corn was % to % cent lower and oats was unchanged to Vs cent lower. Proviisons were firm. Liverpool failed to follow the rise here Tuesday and w*as considerably lower this morning. Exports have been very disappointing and the time is growing shorter for the disposal of United States wheat before the Argentine crop enters competition. There is no weakening on the part of the bulls, but new buying incentive is needed. Corn has been less affected by wheat recently due to the small receipts and the unfavorable weather. Heavy snow is reported over the belt accompanied by much colder weather, while flood conditions are reported from part of Illinois and Indiana, further delaying the movement. Cash houses and commission traders have been giving oats more attention, buying on the recessions. The market rules dull, however, except on activity in the major gains. Chicago Grain Table ■ —Jan. 15— WHEAT— prev. High. Low. 12:00. close. Mar 1.24% 1.23% 1.23% 1.25% May 1.29 1.27% 1.27% 1.29% July 1.30% 1.29% 1.29% 1.31% CORN— Mar 92 .91 .91 . 192% May 95% .94% .94% .95% July 96% .96% .96% .97% OATS— Mar 47% .47% .47% .47% May 48% .48 .48% .48% July 47% .47% .47% .47% RYE— Mar 1.00% 1.00% 1.00% 1.02 May 97% .97% .97% .99% Jluy 96 .95% .95% .97% LARD— Jan 10.45 10.45 10.45 10.47 Mar 10.60 110.60 10.60 10.62 May 10.82 10.77 10.77 10.80 Bu Times Special CHICAGO, Jan. 15.—Cerlots: Wheat, 8; corn, 164; oats. 16; rye. 4; barley. 12.
Local Wagon Wheat
City grain elevators are paying $1.15 for No. 2 red wheat and $1.12 for No. 2 hard wheat.
On Commission Row
FRUITS Apples—Delicious, box extra fancy. $3.75: choice. $2®2.25; Jonathans, $2.75; Grimes Golden. 52.50; New York Duchess. $2.25® 2.50: Gravenstein. $3; Wolf River. $2.50; Staymen box. $3®3.25. Cranberries—s 4 a 25-lb. box: $8.35 a 50-!b. box. Grapefruit—Florida. $4.50@5. Grapes—California, seedless. $3.50 a crate: Emperor $2.50®2.75 s crate. Lemons—California, a crate. $9. Limes—Jamacia. $2.50@3. Oranges—California Valencia. $4.50®8.50. Strawberries—6oc a quart. Tangerines—s3.so a crate. VEGETABLES Beans—Florida. $4.75@5 a hamper. Beets —Texas. $3.50 a crate. Carrots—California, crate. $3.50. Cabbages—s3.so a barrel. Celery—Michigan. 90c; Idaho. $1.25 a dozen bunches. Cauliflower—Colorado, crate. $2.50. Cucumbers—Florida, $6 a crate. Eggplane—s2.so a dozen. $6 a hamper. Kale—Spring, a bushel, 90c. Lettuce—California Iceberg. $6.50 a crate-home-grown leaf a bushel. $1.65. Mustard—A bushel. sl. Onions—lndiana yellow. $2.25 a 100-lb. bag; white. 50-lb. bag, $1.75. Parsley—Southern, doz bunches. $1 Peas—California. $6.50 a hamper. Peppers—Florida. $7 a crate. Potatoes—Wisconsin and Minnesota white. $4.25©)4.50 a 160-lb. bag; Red River Ohios. 120 lbs.. $3.90: Idaho Russets. $4. Radishes—Button, hothouse, dozen 90c; southern, long red. 15®;25c dozen. Sweet potatoes—lndiana Jersey. $2.50 a bushel; No. 2. $1.65 a bushel; Nancy Halls $1.75 a hamper. Tomatoes—California. $3 * bag; hothouse. $2.50 a 8-lb. basket. PROMOTED TO MANAGER M. W. Dallas Advertising Head of E. C. Atkins Company. M. W. Dallas, formerly assistant advertising manager of E. C. Atkins
& Cos., has been promoted to the position of advertising manager, it was announced by comi any officials today. This position was vacated by the death of T. A. Carroll. Dallas has been with the company five and onehalf years. O. M. Morst is now assistant advertising manager. The Atkins company is
M. VV. Dallas
the world’s largest saw manufacturer. CREDITORS’ SUIT FILED Petitioners Ask Local Coal Firm Be Declared Bankrupt. Petition was filed in federal court today by the Indianapolis Belting and Supply Company, Greene County Abstract Company, Bloomfield. Ind.; A. Leschen & Sons Rope Company, New York, N. Y., and Jasonville Hardware and Furniture Company, Bloomfield asking that the Indiana and Ohio Coal Company, Indianapolis, be declared bankruct. The petitioners allege a sum of SSOO is due them by the coal company. LEGAL OPINION SOUGHT Question Use of City Apparatus in State Firemen’s SchooL The board of safety today asked the city legal department for an opinion of whether Indianapolis fire department equipment can be used for establishment of a school for i Indiana firemen. | A petition vras presented the | board asking co-operation in a movement to offer instruction to Indiana fire fighters.
Business and Finance
By United Press TOLEDO. 0., Jan. 15.—Directors of the Willys-Overland Company Tuesday at a meeting in the plant administration building, declared a quarterly dividend of $1,155,000, on preferred and common stock. Common stocks dividend is 30 cents a share on 3,000.000 shares outstanding. payable Feb. 1, to stockholders of record Jan. 14. It amounts to approximately $900,000. The H. K. Ferguson Company. Cleveland engineers and builders who constructed the addition to the Marmon Motor Car Company’s plant in Indianapolis in 1928, reports the opening of a new branch office at 520 North Michigan avenue. Chicago. The Chlcaso metropolitan area’s contribution to the building industry for last year was $280,253,234. This figure was given out today as the volume of building for the citv and the forty-three principal suburbs in the fortymile limit ps compiled bv the building survey department of S. W. Straus <St Cos. Household Finance Corporation has set aside a definite fund to be distributed in 1930 among local charities on a basis of the amount of business done in each of the sixty-eight cities where it operates. Funds will be given to community chests, family welfare organizations, the American Legion, Boy Scouts. A. K. Neisner. president of Neisner Bros.. Inc., in a letter to stockholders, says; "We have Just completed the best year in history. In January. 1929. we md thirty-five stores. During the past year we opened twenty-three additional stores, making a total of fifty-eight now in operation.
Van Camp Subsidiary Corporation Is F'armed
Negotiations for Merger of I Three Firms Are Near Completion. Merger of three companies to form the $3,000,000 subsidiary corporation of the Van Camp Packing Company to be known as the Van Camp Oil Company, Inc., will be completed shortly, it was announced today. Articles of incorporation for the company, w’hich will deal in edible oils, have been filed with the secretary of state. The new corporation will operate a $2,000,000 plant at Louisville; another large plant at Baltimore and a sales organization in New York. These units belonged to three different corporations. The Louisville plant was the property of the Van Camp Packing Company and specialized ill the manufacture of cottonseed oil products. The Pompeiian Corporation of Baltimore, the second company involved in the merger, was engaged in the manufacture of like products, and the Contadina Company of New York is a sales organization dealing in edible oils. The new* company will be the fourth subsidiary of the large Indianapolis packing corporation. The other companies are the Van Camp Milk Company; the Van Camp i Products Company, a sales organiza- j. tion, and the Van Camp Tank Car | Company. Directors and officers of the oil company are: William D. Campbell, Indianapolis, president; George Sirota, New York, formerly president of the Contadina Company, vice-president; J. E. Gavin, Indianapolis, secretary; R. G. Bruenig. j Louisville, treasurer, and Nathan Musher, Baltimore; H. W. Grindal . and William Scarborough, New York, board members. Capitalization is 20.000 shares of | preferred stock, with a par value of $100; and 1,000 shares of no par i value common stock to be held by the Van Camp Packing Company.
Indianapolis Stocks
—Jan. 15. Bid Ask. American Central Lfc Ins Cos. 1,000 Belt R R & Yds Cos com 60 64% •Belt R R Sc Yds Cos pref.... 55 60 Central Indiana Power Cos. p.. 88 91 •Circle Theater Cos common..lo4 Citizens Gas Cos common 36 41 Citizens Gas Cos preferred 94 99% Commonwealth Loan Cos pref... 98 ... Hook Drug Cos common 44 Indiana Hotel Cos Claypool c. 125 Indiana Hotel Cos pref 100 ... Indiana Service Corp pref... 70 Indianapolis Gas Cos common.. 56 60 Indpls Power & Lt Cos pfd ...100 102% Indpls 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 98 101% Interstate Pub Serv Cos. 6s 85 90 Metro Loan Cos 97% ... Northern Ind Pub Serv Cos 65.. 93 98 Northern Ind Pub Serv Cos pfd 100 105 Progress Laundry Cos common 45 E Rauh Sc Sons Ferti! Cos pfd. 60 ... Real Silk Hosiery Cos pfd ... 90 Standard Oil Cos. of Indiana... 51% ... T H Indpls & Esf Trac Cos pf Terre Haute Trac &L Cos pfo.. 73 85 Union Title Cos common 45 50 Van Camp Prod Cos Ist pfd 98 Bobbs-Merrill 29 33% Com Wealth Loan Cos pfd 7% 96% Share Holders Invest C0r.... 24 ... •Ex Dividend. —BONDS— Bid. Ask. Belt R R & Stock Yds Cos 55... 85 ... Broad Ripple Trac Cos 5s ... Central Indiana Gas Cos 6s ... 98 Central Indian Gas Cos 55... 97% 99 Citizens Gas Cos 5s 99*% ... Citizens Street Railroad 55... 45 50 Gary Street Ry Ist 5s 70 80 Home T & T of Ft. Wayne 6s. 102 ... Ind Northern Trac Cos 5s 3 5 Ind Railway Sc Light Cos 55.... 95% 97% Indiana Service Coron 5s ... 85 Indpls Power Sc Light Cos 55.. 98 100 Indiana Union Trac Cos. 5s ... 5 Indpls Col <ss So Trac 6s 95 100 Indpls Gas Cos 5s 99% 101 Indpls & Martinsville T Oo 55.. 15 Indpls No Trac Cos 5s 9 13 Indpls Sc Northwestern T Cos 5s 15 Indpls Street Ry 4s 42 47 Indpls Trac Sc Terminal Cos. 5s 92 94% Indpls Union Ry 5s Jan 100 Indpls Water Cos 5%s 100 104 Indpls Water Cos 5s '....92 Indpls Wat Cos lien Sc re! ss. 1 92 Indpls Water Cos 4%s 92% ... Indpls Water Works Sec Cos 5r 80 ... Interstate Pub Berv Cos 4%5.. 87% ... Interstate Public Serv Cos 55.. 95 No Ind Pub Serv Cos 5s 96 No Ind Teieph Cos 6s 96 Terre Haute Tr & Light Cos 5s 86 91 Union Trac of Ind Cos 6s 14 ... COLLINS BEFORE COURT Ordered to Show Cause Supporting Citation of Attorney. Criminal Judge James A. Coffins went before the Indiana supreme court today to show cause why a writ of prohibition should not be issued preventing him from barring T. Ernest Maholm, attorney, as defense counsel for Andrew Judt, 54, charged with murder. Maholm is under suspended sentence for direct contempt of court, accused of having appeared in the criminal courtroom drunk. Arthur L. Gilliom, formerly attorney-gen-eral, defending Collins, filed a reply to the temporary writ. The defense will be heard Jam 20.
The Mavteg Company. Newton. la., manufacturers of the Maytag aluminum washer, report* that the volume of deliveries for December, 1929, was one of the greatest in Maytag history December, which is normally not a peak month, showed a marked increase over both October ar.d November and brings to a close a record-breaking year for Maytag. That a better balance between indnstrial markets and financial markets will be maintained daring 1930 Is the opinion of Frazier Jelke. bead of the New York stork exchange firm of the same name, who said Monday that Investment bankers do not propose to extend their lines any more than to satisfy the needs of their own markets, which is a policy similar to that which is employed by most industries. CHICAGO. Jan. 15.—Purchase has been raat’e by Missouri-Kansas P:pe Line Company or valuable natural \3.s rights in Morgan county. Illinois, near the city of Jacksonville, according to announcement by Frank P. Parish, president. The price paid to Kennedy <fc Rowe, former owners, was not disclosed. WAYNE. Mich., Jan. 15.—Edward A. Stinson, president of the Stinsou Aircraft Corporation, today confirmed the placing of an order by his company for ."00 airplane engines for delivery by May 1.. Receipt of the order had been announced by the Lycoming Manufaetnring Company at Williamsport, Pa. CHICAGO, Jan. 15.—There’s no such thing as an honest face, says Justin H. Edgerton, pres,Cent of the National Retail Credit Association, and boss credit manager of the United States, who ought to know, because he has been judging hitman character in its relation to credit risks during the past seventeen years. Edgerton admits that he hasn’t vet run across that much touted physiognomy which in itself is popularly presumed to be sufficient recommendation for opening a charge account or having a check cashed without identification.
BANK HEADS NAMED Merchants National Elects Frenzel President. But one downtown Indianapolis bank, the Merchants National bank, made any changes in personnel and directorate of its institution for 1930, in elections Tuesday. Shareholders of the others, the Fletcher American National bank, the subsidiary Fletcher American Company; the Indiana National bank, the Continental National bank, the Fountain Square bank, the East Washington State bank and the State Bank of Massachusetts avenue, re-elected directors and officers. John P. Frenzel Jr., vice-president of the Merchants National bank, was elected president, succeeding his father, who has become chairman of the board, and Fred C. Krauss was chosen a director to succeed Louis Hollweg, who retired because of failing health. J. M. Mendenhall, formerly with the Merchants National bank, was elected president of the affiliated Brightwood State bank, succeeding J. C. Preston. HARRY SCHOPP MADE CIVIC GROUP LEADER Riverside League Installs South Grove Manager. Harry Schopp, South Grove golf course manager, was installed as
president of the Riverside Civic League Tuesday night at a meeting at South Grove clubhouse. Schopp has been a park board employe for twentyfive years and is widely known in golf circles. He succeeds John A. Mutchler a s club pres id ent. Everett Smith is vice-president. The club discussed possibility
I s
Harry Schopp
of establishing an up-to-date community building for the Riverside neighborhood and other civic improvements for the vicinity. Legal Notices ELECTION of 2 trustees at Fairfax Christian Church Sunday morning. Jan. 26. MRS. SAM SMITH Clerk. LEGAL NOTICE OF PUBLIC HEARING. PUBLIC SERVICE COMMISSION DOCKET NO. 1050-M. Application of the Evansville Sc Huntlngburg Motor Express. Montgomery. Indiana. tor a certificate of public Convenience and Necessity to operate motor vehicles as a common carrier of freight upon the public highways of the state. Notice is hereby given that the Public Service Commission of Indiana will conduct public hearing in the above entitled cause In the rooms of the Commission at Indianapolis, Indiana, at 10 o’clock a. m. on Jan. 29. 1930. Public participation in this hearing is requested by the Commission. PUBLIC SfcRVICE COMMISSION OF INDIANA. By JERE WEST. Commissioner. Indianapolis. Indiana. Jan. 14, 1930. NOTICE TO BIDDERS. Bids will be received by the board of trustees at their office. Central State hospital, Indianapolis, Ind., until 10 o’clock a. m., Friday, Jan. 31, 1930 for the labor and material required for the completion of alterations and additions to the present power house at the Central State hospital, Indianapolis. Ind. Drawings and specifications will be on file on and after Monday, Jan. 13, 1930, at the offices of the board of trustees of the Central State hospital; the state board of accounts; Bevlngton-Williams. Inc., engineers and Foltz, Osier Sc Thompson, architects. Releases will be made to bidders on and after said date from the office ot the architects, 129 E. Market st., 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 trustee.?, marked "proposal” and bearing the title of the work and name of the bidder. Each proposal must be accompanied by a certified check payable to the board of trustees in a sum equal to five 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 (8) days after notification of acceptance of his proposal The board of trustees is not obligated to accept the lowest or any other bid 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 tne state of Indiana so to do. and to defer acceptance or rejection for a period not to exceed eight <3l days. A deposit of sls will be required of prospective bidders for each set of drawings and specifications taken from the office ot the architects, which amount will be returned in full In case the following two conditions are complied with, viz: (li The re*urn of the drawings and specifications to the architects on or before Jan. 31. 1930. and <2l the delivery to the board of trustees of a bona fide bid at the time and place fixed for receiving bids. Should the bidder fail in the observance of either of these conditions, he shall be entitled to a refund of five 1 ssl dollars; should lie fail in the cbservance of both of the eruditions. he shall forfeit the full amoun' of Ms deposit. BY ORDER OF THE BOARD OF TRUSTEES.
.JAN. 15, 1930
l egal Notices __ NOTXCITTO~fAXPAYERS ~ DECLARATORY RESOLUTIOH WHEREAS. The Board of County Commissioners of Marlon County heretofor* has purchased all the property lying in the block tn the City of Indianapolis bounded on the north by Michigan Street, on the east bv Pennsylvania Street, on the south by Vermont Street and on the west by Meridian Street, except the property owned and occupied by the First Baptist Church, and the Second Preabvtertan Church of this City: and WHEREAS, the said County donated said property to the World War Memorial Commission on condition that the World War Memorial was to be placed la the block north thereof; and WHEREAS, the said County at that time entered into an agreement with the Trustees of said Churches not to take over the said Church properties; and WHEREAS, the World War Memorial Commission, instead of placing the said Memorial in the block in which it agreed to place the same, placed it In the block now partially occupied bv said Churches; and WHEREAS, this condition has caused agitation for said Churches to be removed; and WHEREAS, the Trustees of the First Baptist Church have signified their willingness to enter into negotiations with the County whereby the County could purchase its property in the following communication; "In answer to your letter of inquiry as to the attitude of the First Baptist Church regarding the sale of our church property for the use of the Plaza development. our official boards always have been and still are willing to enter into negotiations with you in this matter. "Our church property is in excellent condition and we are carrying on our work tn a very satisfactory manner. However, we realize the Importance of the removal of the churches to consummate the Plaza design and we believe our membership is willing that cur property Fe taken if that is the will of the public.” WHEREAS, the Second Presbyterian Church, through a committee, has signified Its willingness to enter into negotiations by the following communication: ‘‘Your letter of the 9th addressed to our minister. Dr. Jean S. Milner, requesting a definite reply from our church as to our willingness to sell our property, has been referred to us as a committee officially representing the governing boards of the Second Presbyterian Church. "We desire to assure you. that however much our people regret giving up our present church, filled as lt Is with such hallowed memories, and grown more dear to us as lt has with oven/ passing year, we stand ready now, as officially we have ever stood since the main Memorial building was actually located in our block, to accept gracefully what every sensible person must now see is the Inevitable. We will surrender our beloved and historic church upon payment of a. fair and reasonable compensation for the irreparable loss the location of the main shrine in the block in which the churches are located, brings to us. "We realize that the members of the Board of County Commissioners arc in no wise responsible for the condition in which we find ourselves. We realize further that your board, the churches and. indeed, the people of this community as well, are facing a condition and not a theory in the completion of the World War Memorial Plaza, which ail wili recognize must be met. “As it will take from two to three years for us to find anew site, develop plans, let contracts, erect and occupy a new' church, your board will recognize the necessity for reasonable early action if the desire of the American Legion with reference to their 1933 convention and the dedication of the fully completed World War Memorial is to b realized. We are confident that in appointing the appraisers, who. under the law, are responsible for determining the value of the Second Presbyterian Church property. your honorable board will appoint three outstanding men of this community in whose fairness and judgment you. the churches and the people of this community may have Implicit faith:” and WHEREAS, the Legislature of 1929 passed an Act to make it possible for Marion County to acquire said property; now'. THEREFORE BE IT RESOLVED by the Board of Commissioners of Marion County, that said County should proceed alone to purchase the land owned now and occupied by the First Baptist Church on the northeast corner of Meridian and Vermont Streets in the Citv of Indianapolis, and the property now owned and occupied bv the Second Presbyterian Church on the northwest corner of Pennsylvania and Vermont Streets, to carry out the purposes of an Act entitled: "AN ACT to amend section 23 of an act entitled “An act authorizing any countv in the state of Indiana to acquire real estate and Interests therein by purchase. donation or condemnation, and to erect and maintain thereon suitable structures to commemorate the valor and sacrifice of the soldiers, sailors and marines of the United States, of all patriotic organizations and all others who rendered loyal service and made sacrifices at home and overseas in the great world war. and to provide a place or places for meetings and headquarters for organizations of such soldiers, sailors and marines, and all patriotic organizations and others, and for pther public purposes; authorizing any county to join with any city w'hich Is located In such county, in the acquisition of such real estate and interests therein and the erection and maintenance of such memorial structures and to provide for the creation of a board of trustees, its powers and duties, and authorizing anv such county to acquire or to Join with anv city located therein in the acquisition of grounds, real estate and Interests therein, by purchase, donation or condemnation, to be dedicated and set apart for world war memorial and other public purposes and added to and used in connection with any real estate which may have been or may be hereafter designated for use or dedicated and set apart bv the State of Indiana for world war memorial and other public purposes: authorizing such county and such city jointly by proper contract, deed or grant to convey to the State of Indiana the real estate no acquired for world war memorial and other public purposes as provided therein and to provide for the levy of taxes nd the issuance of bonds and appropriation of money for said purposes, exempting the same from taxation and declaring an emergency,” approved March 11, 1921. And that a coov of this Declaratory Resolution be published in the Indianapolis Star, the Indianapolis News and The Indianapolis Times bv two insertions to be made on the 15th day of January, and the 22nd dev of January. 1930: and BE IT FURTHER RESOLVED, that anv qualified voter of this Countv may file his written remonstrance within thirty days from the date of the second publication. signed in ink by such voter in person and giving his residence and sex and stating that he is a qualified voter In Marion County. Adonted this Hth dev of January. 1930. BOARD OF COMMTSSTONERS OF MARION (COUNTY. By JOHN E. SHEARER. President. CHARLES O. SUTTON. GEORGE SNIDER. Attest; , _ HARRY DUNN Auditor Marion Comrtv. Death Notices CUSHING. ELMER H—Age. 27 years, loving husband of Dorothy Cushing, father of Betty Jane and Kenneth Elmer Cushing, son of Mrs. Lora Cushing Price, stepson of Samuel Price, son of Ivan H. Cushing, oassed away Jan. 13 at 7 p. m . at 1030 N. Keystone Ave. Funeral will be held from above address. Thursday. Jan. 16. 10 a. m. Friend* Invited. Burial Crown Hill. Services under the dl’-ectlon of LITTLE Sc SON._ DROHAN. MICHAEL—Age 68 years, passed away Wednesday. Jan. 15. Time of funeral given later. For information call FINN BROS. FUNERAL HOME. Ta, 1835. FOX. MRS. ELIZABETH—Age 70 years beloved wife of J. P. Fox and mother of Mrs. D. McNamara, passed away Tuesday. Jan. 14. Funeral at SHIRLEV BROS. CENTRAL CHAPEL. Thursday Jan. 16. at 2:30 n. m. Friends invited. Burial Crown Hill. Friends mav call at chapel anv time after noon Wednesday. VOLKERT. BARA—Wife of the late John Volkert, mother of Mrs. Truman Cosand. of this city, and Mrs. Joseph Kraus of Buffalo. New York, oassed away Jan. 14. at residence 959 S. New Jersey. Time of funeral given later. For information call FINN BROS FUNERAL HOME. Ta. 1835. Card of Thanks CARD OF THANKS—We wish to expre/ ,r our sincere thanks to relatives, friends and neighbors for their kindness shown during the illness and death of Mrs. Helena Schneider, and especially do we thank the Rev. Fathers of Sacred Heart Church, the Funeral Director. A. J. Lauck, and for the beautiful floral and spiritual boauets. MARCUS HENNIG AND FAM7LY. Funeral Dirtctors WM. D BEANBLOSSOM. Mortuary. Phone. Be, 1588 1321 W Rav St. W. T. BLASENGYM Main office 2220 Shelby Bt. _ Drexel 2570, George Grinsteiner Funeral director 522 E. Market. Riley 5374. UNDERTAKERS. HISEY & TITUB. 931 N. Delaware LI. 3821, LAUCK FUNERAL HOME 1458 S. Meridian. Dr, 2140. J. W PATTERSON. Funeral Director. Riley 3608. __ “A REAL HOME FOR SERVICE” RAGSDALE & PRICE LI. *6OB. 1219 N. Alabama. WALD 1232 Union Bt. 1619 N. Illinois St. J C. WILSON funeral parlors, ambulance service and modern automotive eauipment. Dr. 0321 and Dr. 0322. _ Instructions AVIATION Enter now and assure vour future. Ground engineers and pilots earn as high ax SI,OOO per month. Investigate Curtiaa Wright Gov. Approved School. Terms. 104 Monument Circle. Li. 4283. Open eve.
