Indianapolis Times, Volume 41, Number 218, Indianapolis, Marion County, 21 January 1930 — Page 14

PAGE 14

STOCK MARKET CLIMBS UPWARD AT MID-SESSION United States Steel Leads Industrials Higher at Noon Trading.

Average Stock Prices

Averse? of thirty Industrials for Monday was 347.31, up .47. Average of twenty rails was 146.43, off .11. Average of twenty utilities was 87.55. up .49. Average of forty bonds 93.38. off .09. Bv United Perm NEW YORK, Jan. 21.-i-Tobacco and amusement shares featured the stock market today. In the early afternoon the entire list was developing strength and United States Steel climbed upward to assume lead of the industrials. Schulte Retail Stores preferred was outstanding. It soared to 75 on a few sales where it was up 25 points from the previous close. The common stock was coming out in long strings, rising to anew high on the movement above 10, compared with the previous close of 8%. United Cigar Stores also was in demand as were United Stores issues. Tobacco Manufacturing Company stocks also were higher. , Profit* Small Changes in the cigarette price situation recently have materially altered the status of the retail company stocks, notably Schulte. Schulte stores here are selling the popular brands at two for a quarter and United Cigar stores are charging 12 cents. At these prices profits are very small. Now that several stores have raised rates it was believed that these two will fall into line and thus enhance their earnings. Warner Brothers Pictures and Radio-Keith-Orpheum stood out in the amusement section. Paramount-Famous-Lasky also was actively bought. Radio-Keith came out in huge blocks ranging to 8,400 shares and reached anew high on the movement at 26, up 1%, points. Call money renewed at 4’£ per cent and at noon dropped to 4 per cent, duplicating the performance of the last several days. Supplies were more than adequate for stock market purposes. Wall Street also was looking for a reduction in the 4'* per cent rediscount rate of the New York Federal Reserve bank, and this helped the market, Steel Takes I-ead Leading industrial stocks firmed up with United States Steel. Arr :r----ican Can was actively traded at higher levels and substantial gains were recorded in Westinghouse Electric, General Electric, Eastman Kodak and Johns Manville. Foods were strong under lead of National Biscuit new, which rose nearly 3 points, and General Foods, up a point. Standard Brands was fractionally above the previous close. Mail order shares were Headier; coppers held quiet; steels steady and rails firm, with Pennsylvania in demand. Radio shares were quieter, as were oils. Special issues like Ray■*stos Manhattan were bid higher. Investment Trusts Bid. Asked. American Founders, new .... 38 29 Basic Indu- y Shares 8 8% Corporate i rust Shares 8% 9 Fixed Trust Shares A 19% ... Fixed Trust Shares B 16% Investment Trust of N Y 10% 11% Leaders of Industry 10’4 11 N American Trust. Shares .... 8% 9'i Petroleum Trading Corp A.... 28 28 Revbarn Cos 10 20 S W Strauss Inv Cp Units 52 58 Trustee Std Oil Share 11 11% U 8 Elec Lt & Pwr Sh A 38 42 Marriage Licenses Hex 8. Huffman. 25. of Anderson. en(dneer. and Nora A. Jones. 23. of 5865 Lowell, teacher. w William Ofoss. 48. of 3851 East New York, contractor, and Lulla Rhoades. 31. of 288 East Pratt, bookkeeper. Leland E. Braun. 23. of 947 North Bevllle. clerk, and Lola McClarney, 22. of 1116 North Capitol, clerk Fred Hungate. 41. of 803 East Stxtvfourth. engineer, and Florence Jarratt. 38, of 803 East Sixtv-fourth. clerk. O. R. Siocker. 29 of 2722 North Illinois, accountant, and Thelma R. Anderson, 28. of 3733 North Illinois,

New Issue—Tax Exempt $390,000 Lawrence County, Indiana 4V2 °o Courthouse Bonds To Yield 4.25% Dated January 15, 1930 Denomination, SI,OOO Interest Payable January 1 and July 1 (First Coupon July 1, 1931) MATURITIES SIO,OOO Each January 1 and July I, from July 1, 1931, to January 1, 1949, inclusive, and $15,000 July i, 1949, and January 1, 1950. FINANCIAL STATEMENT Assessed valuation $35,478,154.00 Debt, including this issue 467.200.00 Legality approved by Messrs. Elliott, Weyl & Jewett; Messrs. Smith, Remster, Hombrook & Smith, and Messrs. Matson. Carter, Ross <Ss McCord. Fletcher American Company Union Trust Company Fletcher Sayings & Trust Company

New York Stocks — 'By Thomson A McKinnon)

—Jan 31 — Prey. Railroads— High. Low. 12:00. Close. Atchison 229% 228 229 1 a 226 Balt A- Ohio ... 117*4 ll* I '* JU 116% Canadian Pac ..199% 199% 199*-t 198 Chesa & Ohio ..311 211 211 ... Chess Corp .... 68% 65% 6i 65 I Ch! 8r N West.. 85 85 8a ... 1 Chi Grt West .. 15 1 * 14% 15 13% Del Ac Hudson. . 174’a 173 174 1.3 Erie 59 58 >B’a 58 Erie Ist pfd .... 62 62 63 Grt Nor 96% 96 99% 95% Cl Central 129% Kan City South. 79% 79% <9'a ••• Mo Pac 89 89 89 89 MK & T 52% 51% 51% 52% Mo Par pfd ....138 137% 138 136% IN Y Central ...172% 170 172% 170% N Y C & St L. .133% 133% 133% 133 NY NH Ac H ...110% 110 110% 109 Nor Pacific .... 85% 84% 85% 84% O& W 15% 14 15% 14 Pennsylvania .. 78% 77 .8 77 a PAW Va 118 118 118 118 Reading 124 123 124 123% Southern Ry ...136 136 136 135 Southern Pac ~120% 120% 120% 120% St Paul 25 24% 25 24% St Paul pfd .... 43% 42% 42%. 42% 8t LA S W 62% 62% 62 u 60% Texas A Pac ..120 120 120 120 Union Pacific 215 West Maryland "}% Wabash 56% 56 56 55 West Pac 25% 34% 25% 33 Rubbers— Aiax 33 2 3% Fisk 3% 3% 3% 3% Goodrich 42 J / 42% 42% 42 Qoodyear 64 % 63% 63% 63-2 Kelly-Spstfld ... 4% 4% 4% 4% United states .. 22% 22% 22% 22% Equipments— Am Car A Fdy. 79% 79 (9% 79% Air. Locomotive. 100 99% 100 99% Am Steel Fd.. 45% 45 45% 45 Am Air Brake 8h .. ... ... 49 Man Elec Sup... 2 6 36 2 6 26% General Elec ...248% 245 248% 245% Gen Ry Signal.. .. ... ... 91 Gen Am Tank ..104 100% 104 101% N Y Air Brake 4.% Pressed Sti Car. 8% 8% 8% 8% Pullman ... ... 81 * Westingh Air B. 44% 44% 44', 44% Westingh Elec.. 147 143% 146% 144%, Steels— Am Roll Mills .. 85% 83% 85% 84% Bctlehem 95% 94% 95% 94% Colorado Fuel .41% 40 41% 40 Gulf States Sti ... 58 Rep Iron A Sti. 75% 74% 75% 7a% Ludlum 34 34 34 34% U S Steel 170% 168% 170 169%, Alloy 32 31% 32 32% Warren Fdy ... 25% 25 35% 24% Vanadium Corp. 54% 54% 54% 53 Motors— Am Bosch Mag. 41% 4J% 41% 42% Briggs 15% 14% 15% 14% Chrysler Corp... 34% 34% 34% 34'.Eaton Axle .... 30 29% 39% 30 Graham Paige. 9% 9% 9% 9% Borg Warner ... 35% 35 35 35 Gahriel Snubbrs .. ... ... 6% General Motors 39% 39 39% 39% Elec Stor Bat .... ... 71% Hudson 56% 55% 56% 55% Haves Bod Corp. .. ... ... 7% Hupp 21% 21% 21 '/a 21 Auburn ... ••• 161 Mack Trucks ... 71% 71% 71% 70% Marmon 22 7 * 22% 22% 21% Reo 11 Vo 11% 11% 11 Gardner 3% 3% 3% ... Motor Wheel ... 27 27 27 27 Nash 52% 52% 52% 52 Packard 15% 15% 15% ... Peerless ... ... 7% Studebaker Cor. 43% 42% 43% 42 Stew Warner .. 39% 39%. 39' 39% Timken Bear ... 73% 72% 73% 73% Willys-Overland 8% 8% 8% 8% Yellow Coach .. 13% 12% 12% 13% Mining— Am Smelt A Rf. 71 % 71 % 71% 71 % Am Metals 44% 44 44 44% Am Zinc 17 16% 16% 16% Anaconda Cop .. 72% 70% 71% 71% Calumet A Arlz 83 % 83% 83% 84% Calumet A Hecla 30 39% 39% 29% Cerro de Pasco. 60% 60% 60% 60% Dome Mines ... 7% 7% 7% •••., Granby Corp ... 53 52% 52% 52% Ot Nor Ore 21% Inspiration Cop .. ... ... 27% Howe Sound ... . 35% Int Nickel 34 34% 35% 34% Kennocott Cop. 56% 56% 56% 56% Magma Cop ... 47 Miami Copper.. 28V* 38 28% 28% Nev Cons 28% 28% 38% 28 Texas Gul Sul.. 57% 57 s , 57% 57% St Joe 50 50 50 57 Vi U S Smelt, 33*4 33% 33% ... Oils— Atlantic Rfg ... 36% 36% 36% 26 s , Barnsdall <A%. 22 21% 32 22 Freeport-Texas.. 39% 39% 39% 39% Houston Oil .... 54% 53% 54% 53% In dp Oil A Obs. 21% 21% 21% 22 Conti Oil 22 21% 21% 21% Mid-Cont Petrol 25% 25% 25% 25% Lago Oil A Tr.. 21% 21% 21%' 21% Pan-Am Pet (B> 52% 52% 52% 52% Phillips Petrol.. 31% 31% 31% 32 Prairie Oil 50% 50 50 50% Union of Cal 44 -43% 43% ... Prairie Pipe .... 58% 58% 58% 58% Pure Oil 22% 22%. 22 s , 22% Royal Dutch .... 53% 53% 53% 53% Richfield 25Vi 25% 25% 25% Shell 32 21% 21% 22 Simms Petrol .. 23% 23'/* 23% 23% Sinclair Oil 23% 23% 23% 23% Skelly Oil 30% 30% 30% 30>/ 2 Std Oil Cal 59% 59% 59% 59% Std Oil N J 62% 62% 62i 62% Std Oil N Y 32% 32% 32% 32 s , Tidewater 12% 12 12 12 Texas Corp .... 53V* 53% 53% 53% Texas C A 0 9% Transcontl 9 V '* 9% 9 VI 9% White Eagle 36% Industrials— Adv Rumley .... 14% 14% 14% 14 Allis Chalmers .. 53% 53% 53% 52% Allied Chemical 265 265 265 262 A M Byers 90% 89',a 90% 89Vi Armour A 5% 5% 5% 5% Amer Can 123% 121% 122% 122% Alleghaney Corp 26 24% 25% 25% Am Safety Raz.. 60% 60% 60% 60 Amer Ice 36% 36% 36% 37 Am Woolen ... ... 9Vi Assd Dry Goods.. 32 31% 32 31 % Bon Alum 50 49 49 50% Ooca Cola 139% 139% 139'% 140 Conti Can 53 52% 52% 52% Certalnteed .... 11% 11% UVa ... Croslev 14 13% 14 13% Congoleum .... 16% 15% 16V, 16 Curtiss W r 7% 7% 7% 7% Davidson Chem. . 30 30 30 41% Dupont 115% 115% 115% 115% Famous Players.. 55% 53% 55% 54’ Gen Asphalt.... 51% 50’* 51% 50% | Fox <A> 20 1 * 18% 20 19% ! Gold Dust 43% 42% <3 43 Glldden 31% Int Harvester.. 82% 81% 82% 81 Kelrlnator 9% 9', 9% 9% Lambert 100 99% 99% 101 : Loews 52 50% 51% 50% Mav- Stores ... 51% Kolster 2% 1% 1% 2 Montgom Ward.. 41% 40 41% 41'/a Natl C R 74% 73% 74 74 ' Radio Keith 26 24% 35% 24% Owens Bottle .. 54 1 o 54% 54% 53% Radio Corp 35% 34% 35% 35% Real Silk 47% Rem Rand 29% 28% 29% 28% Sears Roebuck.. 85',* 83 85 84% : Union Carbide.. 81% 80 80% 80 Warner Bros ... 50% 48% 50 49% Un Air Craft.. 50 48% 50 50 |Ur.lv Pipe 3% 3Va 3% 3 U SC! Ir Pipe.. 24% 23 24% 23% |U S Indus Alco .119’, 117 119 120’2 Woolworth Cos. . 68% 68% 68% 68'%

Utilities— Am Tel A Tel ..219% 318% 219% 218% Am Pr A Lt 84% 84% 84% 83 Eng Pub Serv... 43% 42% 43’* 42% Am For Power... 92% 90 92 91% Am Wat Wks 92 91 92 91 Gen Pub Serv.... 34% 34 34% 34% Col G A E 76 75% 76 s , 76V, Consol Gas ...105% 104% 105% 104% Elec Pow A Lt 54% 53% 54% 53% Int TAT 69% 68% 69% 69 Nor Am C 0..... 96 95% 96 96 Pac Light 79% 79% 79% 79V4 Pub Serv N J... 84% 83 84% 83% So Cal Edison... 58% 58% 58’, ... Std Gas A E1...113% 111% 1U 112% United Corp 33% 32% 33% 32% Utilities Power.. 34% 33 34% 32% United G A Imp 35% 35% 35% 35% West Union Tel .. ... ... 199 Shipping— Am Inti Corp. 36 26 36 36 Inti Mer M pfd 29 United Fruit ... ... 102 Foods— Am Sug Rfg 61 Vi Cudahy ■ ■ • . •. 45V, Beech Rut Pkg., 65 65 65 64 California Pkg. 68 68 66 68 Canada Dry 67 67 67 38 Corn Products. . 90% 90% 00% 90% Cont Bak A 42 40% 42 Borden v 54% 63 54 % 63% Grand Union ... • ... 14% Jewel Tea 44% 44% 44% 43% Kraft Cheese... 43% 43% 43% 43 Kroger 46 45% 46 46 Loose-Wiles .... 54% 51% 54 54 Natl Biscuit 196 190% 196 189 Purity Bak 84% 81% 84 s , ... Loft 3 7 a 3% 3% 4 Stand Brands... 27 26% 26% 26% Ward Baking B. 4% Tobaccos— Am Sumtra ... ... 21 Am Tob B 113% 112*4 113% 213% Con Cigars 18% 40% 48% 48% General Cigar ... ... 52% Llg A Meyers.. .100’% 99% 100% 100% Lorillard 22’4 21% 22 21% R J Reynolds.... 53 52% 52% 52’4 Tob Products B 4% 3‘* 4% 3% United Cigar St 8 8% 8 6% Schulte Ret Strs 10% 8% 10% BVa

Produce Markets

Eggs 'country Tunt—Loss off delivered In Indianapolis. 37c: henerv duality. No. 1 42c. No. 2. S2c: No. 3.28 c. Poultry (buying prices)—Hens weighing 5 lbs or over ,24c: under 4 lbs., 21c: Leghorn hens. 18c: springers. 5 lbs. or over 22c under 5 lbs.. 20c: spring Leghorns. 15c: stags. 14c: cocks. 14c: capons. 8% lbs. or over. 28c: capons. 7% lbs. or over. 27c; capons and slips. 5 lbs. and over, 23c: capous. 5 lbs. and under. 20c: ducks, full feathered, fat. whites 13c. These prices are for No. 1 top duality, uuoted bv Kingan A Cos Butter (wholesale) —No. 1. 37(S>38c; No. 2. 3541:360. Butterfat—34c. Cheese (wholesale selling price per pound!—American loaf. 35c; pimento loaf. 37c: Wisconsin firsts. 27c; Longhorns. 27c; New York limberger. 30c. By United Press NEW YORK. Jan. 21.—Flour—Quiet and steady: spring patents, [email protected]. Pork Firmer: mess, *28.50. Lard—Firm; middle west spot, $10.95® 11.05. Tallow— Steady; Special to extra. 7%(ii:7%. Potatoes—Steady: Long Island. *24/6.50; southern, $2.50®3.50; state. $2.85: Maine, $4.35®} 5.50; Bermuda, $54/11.50. Sweet potatoes— Firm; southern basket. $1.15® 1.75; Jersey, 50c a $2.50. Dressed poultry—Firm; turkeys. 264/43c: chickens, 18® 40c; capons. 274/ 44c; fowls. 18® 33c: ducks, '.6® 24c; ducks. Long Island. 23® 26c. Live poultry— Steady to firm: geese, 12® 22c; ducks, 29® 32c; turkeys. 20® 30c; roosters, 18c; broilers 25® 34c. Cheese—Dull; state whole milk; fancy to special, 24® 26c; young America, 22@24%c. Bv United Press CHICAGO. Jan. 21.—Eggs—Market, firm; receipts, 8.904 cases; extra firsts. 41 Vic; firsts, 38®38%c: ordinaries, 35%®36c; seconds. 30®34c. Butter —Market, firm; receipts, 2.885 tubs: extras. 35%c; extra firsts. 34®34%c; firsts, 324733 c; seconds. 30® 31c: standard, 35c. Poultry—Market, steady: receipts, no cars: fowls. 26c; springers. 26c; Leghorns, 22: ducks. 16® 17c: geese. 16c: turkeys. 25c: roosters, 17c; broilers, 30® 32c. Cheese —Twins. 19% (" 19%c: voung Americas. 21c. Potatoes—On tracks. 274: arrivals, 47; shipments. 502: market, steady: Wisconsin sacked Round Whites, $2.50®2.60. a few $2.65; Minnesota and North Dakota sacked Round Whites, $2.30® 2.40; Idaho sacked Russets. $3.10® 3.35. ' Bv United Press CINCINNATI. 0.. Jan. 21.—Produce market: Butter —Steady: creamery in tub lots according to score. 35® 36c; common score discounted. 2® 3c; packing stock No. 1. 22c: No. 2. 18c; No. 3,13 c; butter fat. 314/ 33c. Eggs —Low er: cases Included: fres leathered, 40c: firsts. 39c; seconds. 38c: nearbv ungraded. 39c. Live poultry— Thin ana coarse stock sells only at heavydiscount: fowls, 5 lbs. and over. 27c; 4 lbs. and over. 27c; 3 lbs. and over, 24c: Leghorns. 3 lbs. and over. 21c; roosters, 16c; stags, 20c; capons. 8 lbs. and over. 30c; under 8 lbs.. 25c: slips. 2lc; fryers colored over 3 lbs.. 29c; 2 lbs. and over. 30c; broilers. 1% lbs. and over. 30c; Leghorn broilers, 1% lbs .and over. 25c; roasting chickens. 4 lbs. and over, 24c; Leghorns and Orpington fryers, 2 lbs. and over, 20c; black springers, 20c. Hu United Press CLEVELAND. Jan. 21.—Butter—Extras. 40c extra firsts. 38%®39%c: seconds. 30 % ®3l%c. Eggs—Extras. 41 %c; firsts. 40c. Poultry—Fowls. 284/30c: medium. 25®27c; Leghorn, 2247 24c; heavy springers. 25?/’27c; Leghorn springers. 20c: ducks, 20®22c: old cocks. 18c; geese. 15@17c. Potatoes—Ohio. $5; New York. $4.50 per 150-lb. sack; Maine green Mt.. $3,754/3.90 per 120-lb. sack; Idaho Russet. $4.25 per 100-lb. sack. SUICIDE FOLLOWS FIRE Paroled Man Dies After Three Attempts at Christianburg. Hu United Press CHRISTIANBURG, Ind., Jan. 21. —A former convict committed suicide here alter an atttempt to kill his son-in-law, and set fire to the relative's house. Willis Brown. 76, paroled to his daughter. Mrs. William Wadsworth of Brown county, from the state prison at Walla Wallla, Wash., was said to have tried to take his son-in-law's life. After setting fire to the house he cut his throat and jumped into a well, but was rescued by neighbors. His body was found later in a barn hanging from rafters. The house was destroyed.

IHE iiNJJIAiNA^ULIb

PORK MARKET OFF 25 CENTS AT STOCKYARDS Cattle Slow and Steady; Veals Unchanged to $17.50 Down. J*n. Bulk. Top. Receipts. 14. *9.85® 10.10 *lO.lO 3.000 15. 9.85® 10.25 10.25 7.000 16. 9.75® 10.00 10.00 12,000 17. 9.85® 10.00 10.00 9,500 18. 9.90® 10.25 10.25 2.000 20. 10.35®10.60 10.60 5.000 21. 10.10 10.35 10.000 Hog prices today at the local stockyards were largely 25 cents lower than Monday’s average. The bulk, 140 to 250 pounds, were selling at $lO.lO to $10.35. Butchers were generally steady to lower. Receipts were estimated at 10,000; holdovers, 239. Cattle mostly stationary, with a slaughter class of steers little changed, and receipts 1.800. Vealers unchange’d selling at $17.50 down. Sheep and lambs mostly steady, with a hotter grade of good and choice lambs, selling at $13.50 to $13.75. Chicago hog receipts were 45,000, including 8,000 directs; holdovers 4,000. The market was slow, with few early sales, 15 to 25 cents lower than Monday’s best prices. Choice of 160 to 220-pound weights sold at $10.25. Choice of 215 to 240 pounders were selling at $9.75 to $9.85. Cattle receipts, 9,000; sheep, 17,000. „ —Hog*— ReceijC® 10.000; market, higher. Heavies. 300 lbs. up $ 9.00® 9.50 250-300 lbs 9.50®' 9.90 Med. wts., 225-250 lbs 10.10 200-225 lbs 10.15 Light wts. 160-200 lbs 13.35 Light Its., 130-160 lbs 10.00® 10.25 Slaughter pigs. 90-130 lbs 9.00® 9.75 Packing sows 7.75® 8.75 -CattleReceipts. 1,800; market, steady. Beef steers, 1.100-1,500 lbs. good and choice $12.25(0:15.50 Common and medium 9.50®; 12.25 Beef steers. 1.100 lbs. down. good and choice 12.50315.75 Common and medium 9.50612.50 Heifers. 350 lbs. down, good and choice 12.50®;15.00 Common and medium 8.00®:12.50 Cows 8.75® 10.00 Common and medium 6.50® 8.75 Lower cutter and cutters...., 4.75®, 6.50 Stocker ggnd feeder steers. good and choice [email protected] Common and medium 6.75@ 8.75 —Veals— Receipts, 700; market, higher. Medium and choice* $13.50(017.50 Cull and common 7.50® 13.50 —Sheep— Receipts, 1.000; market, steady. Lambs, good and choice $13,006)13.75 Common and medium 10.004/13.00 Ewes, medium to choice ..... 4.50@: 6.50 Cull and common 2.00® 4.50 Other Livestock By United Press CHICAGO, Jan. 21.—Hogs—Receipts. 45,000, Including 8,000 direct; market 15 @ 25c lower; top. $10.40; bulk. 230-250 lb. weights. $9,504/ 10; 140-220 lb. weights, $lO 010.25; butchers, medium to choice. 250350 lbs., $9,354/10; 200-250 lbs., $9.65® 10.75: 160-200 lbs.. $9.856 10.40: 130-160 lbs., $9.756 10.40; packing sows, sß.lo® 9; pigs, medium to choice, 90-130 lbs., $9.75 610.25. Cattle—Receipts. 9,000; calves, 2,000; better grade fed steers and yearlings. scarce, steady to strong on shipper account; lower grade steers slow, dull and weak; top sl6. Slaughter classes steers, good and choice, 1,300-1,500 lbs. $12.25®) 15.95; 1.100-1.300 lbs., *12.25@16: 950-1,100 lbs., $12.50(016.25; common and medium, 870 lbs. up, $8.75@ 12.50; fed yearlings, good and choice. 750-950 lbs., $12.50® 16.50; heifers, good and choice 850 lbs. down, $12,254/ 15; common and medium. $.75012.25; cows, good and choice. sß® 10.50; common and medium. $6.50®8; low cutter and cutter, [email protected]: bulls, good and choice beef. $9.50010; cutter to medium. $7.25® 9.75: vealers, milk fed. good and choice. $14(017.50; meduim, sll@T4: cull and common. $7.25® 11: Stocker and feeder steers, good and choice, all weights, $10.50. Sheep—Receipts. 17,000; market, open to steady; fat lambs, $13.50 to mostly $13.75; early top to outsiders. sl4; fat ewes quotable $7.25 down; feeding lambs, nominal; lambs, good and choice. 92 lbs. down. $13.25® 14.25; medium, [email protected]; cull and common. $10.50@12; ewes, medium to choice. 150 lbs. down. *5.50(37.25; cull and common. $3®5.75: feeder lambs, good and choice, $11.65(013.10. Bv Times Special LOUISVILLE, Ky.. Jan. 21.—Hogs—Receipts, 600; market 5c lower; 250 lbs. up, $9.75; 165-250 lbs.. $10.35: 130-165 lbs.. $9.75; 130 lbs. down, $8.60; roughs, $7.75; stags, $7.15. Cattle— Receipts. 100: market steady; prime heavy steers, $11.50® 13; heavy shipping steers. SIO®;U.SO; medium and plain steers, $8.50® 10: fat heifers. $8 @12.50; good to choice cows. s7@>9; medium io good cows. $7,574/7; uetters. ss®: 5.75; canners, $3.50®4.50; bulls. $6(09.50; feeders. sß® 10.50: stockers. $7,503)10.50. Calves —Receipts, 100; market steady; tops, sls; good to choice. $12®15; medium to good, s9@ll; outs. $9 down. Sheep—Receipts, 50; market steady; ewes and wethers, $12.50® 13; buck lambs, $11.50(5) 12: seconds. *6®9; sheep. ss@6. Monday’s shipments: Cattle. 257; calves, 469; hogs, none; sheep, none. Bv United Press PITTSBURGH, Jan. 21. Hogs—Receipts. 2.000: market. 15®25c lower; sows, steady: 140-230 lbs. butchers, $10.75(010.90; heavier hogs and few light weight pigs, $10.50(010.75; sows, $8.25®;8.75. Cattle— Receipts, 25; market, nominal; calves, receipts. 150; market. 50c lower; top vealers, $lB. Sheep—Receipts, 650; market, steady; plain lambs, slow 1 ; bulk, sales, $12(014; heavy lambs, mostly $12@13; fat ewes, $6 & 7.25. Bv United Press EAST BUFFALO, N. Y., Jail. 21.—Hogs —Receipts. 1.000: holdovers, 100: active to shippers, steady to 15c higher; bulk 210 lbs. down. $11.15; 230-270 lbs., $10.75® 11; packing sows. $88.75(09.50. Cattle— Receipts, 125: mostly cows, slow, barely steady; cutter grades. $4.50(06.75; calves — receipts, 250; vealers, active, steady, $18.50 down. Sheep—Receipts. 800: lambs, slow, bulk unsold quality plain; good to choice quoted *13.75® 14 and better: medium and strong weights, [email protected]; fat ewes, $6®7"25.

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We Offer -y American Loan Company NON- NONTAXABLE | 7 0 SPECULATIVE PREFERRED and COMMON STOCK A fixed income-bearing Investment yielding quarterly Income. Descriptive Circular on Request UMPHREY & HARTZ Lincoln 547 Bankers 8439 Trust Bldg.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Tuesday Jan. 21, $3,639,000; debits, $6,837,000. CHICAGO STATEMENT Bv United Press CHICAGO, Jan. 21—Bank clearings, $121,700,000; balance. $13,000,000. # NEW YORK STATEMENT Fu United Press NEW YORK, Jan 21.—Bank clearings. $1,339,000,000; clearings house balance, $177,000,000; federal reserve bank credit balance, $151,000,000. TREASURY STATEMENT Bu United Press WASHINGTON, Jan. 21.—Treasury net balance Jan. 18 was. $105,293,428.20; customs receipts for the month to the same date totalled. $23,537,768.24; government expenditures on Jan. 18 were, $8,182,022.8/. PRODUCTIONOF AVIATION MOTOR TO BE STARTED 50,000 Shares of Capital Stock Issued by New Engine Firm. Production of airplane motors by Chevolair Motors, Inc., will begin here at once, it was announced today as 30,000 no par shares of common capital stock In the concern were put on the market by E. W. Hays & Cos. Between 500 and 1.000 motors will make up the first year’s output, according to Claude Irwin of the Hays company. Plans are underway for erection of a manufacturing plant on Speedway road, near the Indianapolis Motor Speedway. The total stock issued will be 50,000 shares of no par value common stock and 20,000 shares have already been subscribed for. The stock is offered at $lB. The new Chevolair motor was designed by Arthur Chevrolet, one of the trio of racing and automobile motor designers of Indianapolis. It is a four-cylinder motor, known as the Chevolair super-safety invested air-cooled inline engine, and embodies several patented innovations in airplane motor construction. One of these, is the dual accessories idea in which motor parts are built in duplicate and by merely throwing a switch the pilot is able to place anew piece of equipment in instant use if the other part fails. The motor has been given rigid tests and has been approved by the department of commerce. A sixcylinder motor of the same design was entered in the experimental ship race at Cleveland and won first prize. OFFICERS RENAMED Walter Harding Continues Morris Plan Head. All present directors and officers of the Indianapolis Morris Plan Company were re-elected at meetings of stockholders and directors Monday. Walter B. Harding, president of the company, said that the resources of the Indianapolis Morris Plan Company have increased more than 220 per cent in the last five years. During 1929, the company made more than 7,000 personal loans aggregating $1,200,000 volume. The present re-elected officers are Walter B. Harding, president; O. B. lies, Fred J. De Grief, Joe Rand Beckett, vice-presidents; Paul M. Akin, vice-president and treasurer, and B. A. Joiner, secretary. DELAY MORRIS DECISION French Tribunal Postpones Action Against Theater Managers. fiy v nited Press PARIS, Jan. 21.—The civil tribunal here today postponed for one month its decision on the claims of Nelson Morris for 200,000 francs damages, in a suit against the managers of a theater here in which his wife, Jane Aubert, is performing. Morris claims under French law his wife retains her French nationality and that the theater managers have no right to make a contract with a French woman without the husband’s consent. NEW YOR KCOFFEE RANGE —Jan. 20High. Love. Close. March 8.75 8.25 8.75 May 7.98 7.87 7.87 July 7.87 7.85 7.87 September 7.78 7.77 7.78 December 7.66 7.65 7.65

WHEAT PRICES OPEN HIGHER ON STRONG CABLES Traders Fear Constructive Move by Farm Board; Oats Are Weak. Bv United Press CHICAGO. Jan. 21. —Wheat opened fractionally higher on the Board of Trade today on the strong foreign cables. Liverpool rose sharply on a good flour demand, but ran into profit-taking and receded from the best figures. Buenos Aires was % cent higher shortly before noon. Com and oats were firm with wheat. At the opening wheat was % cent to % cent higher, corn was up % cent to Vi cent and oats was V 4 cent higher. Provisions were weak. Liverpool opened unchanged to lower this morning, following the action here Monday, but reacted at once to stand 1 cent to VA cents higher shortly after noon. While a large percentage of the traders are bearish and the market is in the hands of professionals, there is no decided trend. Traders fear a constructive move by the farm board if prices go any lower. Com trade is similar to wheat at present. There are no country offerings of any size and a survey of important points in the belt indicates there will be no movement until prices are higher. Weather over the area has turned much colder. Oats had no pronounced strength, the selling by the east being offset somewhat by short covering. Chicago Grain Table —Jan. 21WHEAT— Prev. High. Low. 12:00. Close Mar 1.23% 1.23 1.23 1.23 % May 1.23% 1.26% 1.27 1.27V* July 1 29% 1.28% 1.28% 1.28% CORN— Mar 90% .89% .89% .90 May 93% .93y* .93% .93% July 95% .95% .95% .95% OATS—Mar 46% .46 .46% .46% May 47% .-16% .46% .47% July 46 *4 .46% .46% .46% RY *3— Mar 97 % .95 Vi .96% .96% May 95% .94=* .95 .95 July .95% .94 = * .94% .95 LARD— Jan 10.52 10.52 10.52 10.52 Mar 10.62 10.62 10.62 10.67 May 10.85 10.82 10.82 10.85 July 11.05 11.05 11.05 11.05 Bu Times Special CHICAGO. Jan. 21.—Carlots: Wheat. 11- corn, 372; oats, 39; rye. 7, and barley. 13.

On Commission Row

FRUITS Apples—Delicious, box extra fancy. *3.75; choice, *2®2.25; Jonathans. *2.75; Grimes Golden, $2.50: New York Duchess. *2.25® 2.50; C-ravenstein. $3; Wolf River. $2.50: Stavmen box. $3®3.25. Cranberries—s 4 a 25-lb. box: $8.25 a 50-lb. box. Grapefruit—Florida. $4.50@5. Grapes—California, seedless. $3.50 a crate: Emperor, $2.50®2.75 a crate. Lemons—California, a crate. $9. Limes—Jamacia. $2.50@3. Oranges—California Valencia, $4.50®8.00. Strawberries —eOc 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—*3.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. 81. Onions—lndiana yellow. *2.25 a 100-lb. bag; white. 50-lb. bag. $1.75. Parsley—Southern, doz bunches. sl. 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 a bag: hothouse. $2.50 a 8-lb. basket.

Local Wagon Wheat

City grain elevators are paying $1.14 for No. 2 red wheat and sl.ll for No. 2 hard wheat.

OUSTED COP FILES FOR SHERIFF POST

Candidacy of C. J. Parham Follows Refusal of Detective Badge. Refused sanction of the Marion county commissioners for his band of fourteen “horsethief detectives,” Carl J. Parham, discharged policeman, today announced his candidacy for the Democratic nomination for sheriff. A petition for constabulary powers bearing the names of

the fourteen members of the recently incorporat e and “International Detective Association of Indianapolis,” was presented commissioners Monday by Parham, a s “president,” and Raymond R. Wrighton, as “secretary.” Commiss i o n e r Shearer told Parham the county has “a sufficient enlistment of of-

lliri Jm

Parham

fleers bearing the name.” Retaliation was seen in Parhams announcement of his candidacy for sheriff. Upon his discharge from the police department last March for conduct unbecoming an officer, he became

A GOOD BUSINESS SCHOOL Strong business, stenographic, secretarial and accounting courses: individual instruction in major subjects, large faculty of specialists in their respective lines; Free Employment Service. Fred VT. Case. Prin. CENTRAL BUSINESS COLLEGE Pennsylvania and Vermont. First Door North Y. IV. C. A., Indianapolis, Ind.

4% Paid on Savings Security Trust Cos. 11l North Pennsylvania Street

Business — and — Finance

Bu United Press WASHINGTON, Jan. 21.—A record for expenditures for construction and maintenance of publicworks. and for public utility extension programs, will be established during 1930, it is predicted by Secretary’ of Commerce Robert. P. Lamont, who estimates proposed expenditures at $7,000,000,000. The estimate does not take into account residences, industrial structures and private operations, which last year totaled more than $3,000.000,000. Bu T'nitfd Press BERLIN. Jan. 21.—Exports exceeded imports in the 1929 trade balance, due to a steep decline in December imports, statistics released Monday disclosed. The exports, including reparations deliveries in kind, totaled 13.482.000.000 marks. Imports totaled 13,435,000,000 marks. The fifty most active stocks traded on the Chicago Stock Exchange during the week ended Jan. 18, had a market value of $1,616,713,185 at the close of business Saturday as compared with $2,068,938,493 at the close of the previous week, according to a compilation by Lage & Cos. This represents a decrease of $452,225.308 or 27.97 per cent. Construction of a 70,000-volt transmission line 186 miles long will be started soon to make the vast water power resources of the Hammarsforsens Power Company available to the Swedish Wood Pulp Companies, recently acquired bv Kreuger & Toll Company, according to cable advices from Stockholm received bv Lee. Hlgginson <fc Cos. Auburn Automobile Company, with per share earnings double those of the previous year, established anew high profit record in 1920. The annual report issued last night reveals that net Income for the year ended Nov. 30, 1929. totaled *8,603.200, which, after all deductions and charge-offs, equaled *21.23 a share on the 169,686 shares of capital stock outstanding. This compares with $1,523,290 or *10.77 a share on 141.450 shares of stock In the preceding year. The system of companies controlled bv the Beneficial Industrial Loan Corporation made loans lor the year, 1929, of $58,513,297 against $46,735,185 for 1928, an increase of $11,778,112 or more than 25 per cent, according to an announcement by Clarence Hodson & Cos. This figure established anew high record for all time. For December, 1929. loans were *8.181,049 against *7,415,384 in the same month of 1928. Directors of American and Continental Corporation have declared a special dividend of 50 cents per share on the common and Class A shares, payable March 1, to stockholders of record Feb. 15. The board of directors of the Interstate Public Service Company has declared the regular quarterly dividend of 1% per cent on the outstanding preferred stock of the company, payable Feb. 15, 1930. to stockholders of record Jan. 31, 1930. The ninety-eighth annual report of The Bank of Nova Scotia made public Monday shows net profits of *2,761,117 for the year ended Dec. 31. 1929. a record figure and an increase of $225,598 over the $2,535,519 earned during 1928. After dividends of $1,600,000. war tax on circulation of SIOO,OOO. contribution to officer' pension fund of SIIO,OOO, and $400,000 written off bank premises account, there remained a surplus of $551,117 for the year. Including the $914,725 carried forward from 1928 profit and loss account amounted to $1,465,842 as of Dec. 31. 1929. Directors af Ludwig Baumann A Cos. have declared the regular quarterly dividend of 1% per cent on the convertible 7 per cent cumulative first preferred stock, payable Feb. 15, 193. to stockholders of record Feb. 1, 1930. Net earnings of Consolidated Aircraft Corporation for the year 1929 should approximate $1.50 per share, after charges against operating costs of the entire development expense of four new products The Fleet, Fleetster. Thomas-Morse and the Commodore—according to a preliminary statement of the corporation's activities during the past year by R. H. Fleet, president. At a meeting of the board of directors of the Central Indiana Power Company held Monday afternoon. Samuel Insull Jr. was elected vice-chairman of the company and Robert M. Feustel was elected president. Mr. Insull Jr. has been president, and Mr. Feustel a vice-president. Bu Times Special FT. MADISON. la.. Jan. 2. Regular $2 quarterly preferred dividend was paid today to stockholders of record last Dec. 31. This is at the rate of 8 per cent per annum.

afflliated with the National Detective Association. With a fellow “detective,” he jumped into the spotlight about three months ago when the two pursued and halted a motorist, who then complained to police of their actions. Parham’s announcement says he is a graduate of St. John's high school and a member of St. Patrick's church and the Knights of Columbus. He is married, has two children and resides at 846 Fletcher avenue. According to information generally known in police circles, Parham was prepared to inaugurate his new “horsethief” troupe in newly tailored uniforms and gold plated badges in exact duplicate of the attire of deputy sheriffs under Sheriff George L. Winkler. This tip, it is understood, was relayed to county officials, who carried their objections to commissioners. The financial “setup” of Par ham’s group was a matter of much speculation around the court house. After his “jam” with police last summer, Parham refused to disclose whaf remuneration his detecting activities afforded. Parham is reputed as facilitating his night driving by use of a red spotlight, contrary to a city traffic code, which designates that only municipally owned vehicles may use the light as a warning signal. Parham’s co-petitioners were listed as: Fred Greer, George Winkley, Claude H. Ford, Jesse J. Britton, Maurice D. Duke, J. O. Toohey, J. H. St. Clair, Wayne Burdsall, Douglass Botts, W. R. Hancock, Ira Samuels and Kenneth Weaver. Rebel to Return to Mexico Bv United Press MEXICO CITY, Jan. 21.—A report that Adolpho De La Huerta, Mexican revolutionary, plans to return here in February, was published in the newspaper La Prensa today. De La Huerta has been in Los Angeles since his abortive attempt to overthrow the Obregon regime in 1923.

.d-i-iiA. i-1, 1900

SALES OF NEW ‘ BOND ISSUES AT LOFTY LEVELS Steady Improvement Noted in Nation’s Business After Holidays. BY RICHARD L. GRIDLEY l*nlt*d Prenji Financial Editor NEW YORK. Jan. 21.—Further steady Improvement from the holiday lull occurred in the nation i business during the last week, although irregularity appeared in some lines, according to advices from various sections of the country. Spottiness in wholesale and jobbing lines was more than offset by continued gains in the iron, steel* automotive and building lines. Much of the irregularity was attributed to the securities markets, which were unsettled by shifting of speculative accounts. The sale of $342,898,000 in new bond issues during the week was the heaviest in j recent history and was considered i indicative of the large amount of funds seeking employment. Steel Orders Increase Demand for products in the steel j industry was reported growing, | although prices were mixed, while the generally favorable reception of new automobile models caused con- ! siderable stepping up of automobile ; production schedules, j General Motors' December sale* report showed a 44 per cent increase lln auto sales over December, 1928. j A poll of manufacturing organizaj tions revealed that only 5 per cent of the nation's advertisers plan a | decrease in advertising appropria- ! tions during 1930. Fifty per cent j said they would increase advertising on an average of 16 per and i 40 per cent as much as they did in j 1929. Industrial reports were somewhat i clouded by December's irregular rej suits, and these caused unsettlement |in stock market, circles as well. The j fact that business was irregular j during December, however, was a | foregone conclusion and leader* ; looked for future improvement. General Motors Active Reported action of the General ; Motors Corporation in purchasing ! its own stock for a second managers* investment company was well received in the stock market. Not only did this action indicat6 that the stock was forced to an unwaranted low level, but that officials ! of the company were optimistic rei garding the immediate future. It was stated in well-informed ; circles that the General Motors Cor- | poration had acquired 1,000,000 j shares of its stock in the open mar- ! ket. Similar action by other leading | corporations would serve as a powerful stimulus to the stock market, 1 which, automatically would hasten J business revival. Births Boys Cleo and Anna Appi<\ Coleman hospital. Francis and Martha Olidewell. Gol/unaa hospital. j John and Violet Morris. Coleman hospital. William and Anna Ressler, Coleman tiosi Pitel. I Meredith and Ruth Rldlen, Coleman hospital. | Ernest and Mabel Stevens. Coleman bos- ; pital. | Willis and Grace Brooks, 539 North ; Lynn. ! John and Hattie Morgan, 259 North j Richland. I Jack and Evangeline Mason, 2753 North ! Hillside. j Owen and Della Osborne, 430 South MisI souri. l Guy and Goldie Hoyt. Methodist hospital, j Harold and Carrie Barnes, Methodist hospital. Ernest and Sarah Johnson. 2254 North Keystone. Clifford and Goldie Brady, 4436 Vandalla. Girls Frank and Etin'. .or, Coleman hospital. Jov and Mabel Gillc. pie. Coleman ho*4 pita). Frank and Marian Jett, Coleman hospital. John and Edith Kendrew. Coleman hospital. Robert and Maud Lanham, Coleman hospital. Marvin and Florence Plumkett, Colcmaa hospital. Preston and Vernon Roberts. Colemaa hospital. . . _ , Will and Henvella Stalnaker, Colemat* hospital. Kenneth and Genevieve Strouse. Colemaa hospital. Ernest and Gladys Collins, 2409 Wess Ray. Fred and Caroline W’hite. 1034 Beweyn. Alfred and Etta Bavne, 1922 English. Albert and May Henke. 1909 Fletcher. John and Annie Collier, 317 Blake. James and Marjorie Hardin, 5730 Eas* Washington. Jessie and May Brooks. 1006 Cornell. Deaths Ruby Walker, 25. Methodist hospital intestinal obstruction. Walker Brown. 58. 919 Redmon, arter:® sclerosis. Ennis Howard, 54, 2345 Schofield, carcinoma. Angie Bullock. 66. 2171 North Pennsylvania. carcinoma. Agnes Fox. 27. 538 North Oxford, statu* eptlepticus. Anna T. Wilson. 76. 5320 Lowell, lobar pneumonia. Richard Cheslyn, 23, city hospital, cerebro-plnal meningitis. Andrew Peters. 53. city hospital, chroni* myocarditis. Sarah K. Wiggins. 55. Methodist hose pital accidental. Jennie E. Moore. 79, 1632 Colleg*, cerebral hemorrhage. Laura A. Barnes. 88. 3505 Washington Blvd.. broncho pneumonia. Violet Betty Stretsbery. 21. 1872 Shelby* influenza. Buan lola Francis, 57. 2945 Massachusetts diabetes mellltus. Helen Francis Kennard. * months. 1511 Colorado, gastro enteritis. Marie Heckon. 55. Central Indiana hospital. chronic myocarditis. George Bader. 68. 2048 South Penn* syhania. chronic interstitial nephritis. Lillian Russell. 23. Riley hospital, cerebrospinal meningitis. Fred Hartman. 49, Canal, drowning Kenneth Underwood. 27. 1475 Roosevelt, acute dilatation of heart. William Eli Beneflel, 57, city hospital, arterio 3clerosi*. Charles H. Hollenbeck. 56, 5451 Brookyllle Road, mitral regurgitation. William H. Johnson. 79, 1109 hypertrophic cirrhosis. Malvina Ann Ellis. 8, Bt. Vincent's hospital, mitral regurgitation. Louisa Lohrmann, 67. 2418 Prospect, diabetes mellitus. Abbie K. Kraus*. 84 . 5744 chronic myocarditis. Other Livestock Bu United Press FT 1 WAYNE. Ind , Jan. 21.—Calve* Receipts. 75: hogs. 300: sheep. 50 ho* market 20®35c off: 120 lbs. down.'*9.3s; 120-140 lbs.. *9 60: 140-160 lbs.. *9.95: 160200 lbs.. $10.15; 200-225 lbs.. *10: 225-25* lbs *9 80 : 250-300 lbs.. *9.60; 300-350 Ib., *9.45; roughs, *7.75; stags. *6. calve*, 17; lambs. *12.25. By T. nited Press CINCINNATI, Jan. 21.—Hogs Receipts, 4.20; holdovers 180; about steady on butchers under 340 lb*., heavier weight* weak to 25c lower, extremely slow; bulk, good and choice, 160-230 lbs.. *lO 60610.65; heavier butchers. 250-280 lb*.. *10610.25: 300 lbs., listed *9.75 or less; throwoui butchers, light light* and pigs. 120 to 160 lbs. mostly *10.25; light pigs. *lO down; bulk sows. *B® 8 .50. Cattle — Receipt*. 450; calves. 350: slow, about steady, few plain slaughter cattle. $11.50 down; good grade* scarce; beef cow*. s7*#: low cutter* and cutters fairly active: bulk. $5.506675; bulls. 50c higher due to scarcity; top <ls. Sheep—Receipts, 150; lamb*. 50c lower; choice 65 to 75 lb. lambs *13.50; bulk selllag *l3 down: throwout* and bucks, *9 5 Oil; sheep, steady, good fight ewes, *6.50.