Indianapolis Times, Volume 41, Number 219, Indianapolis, Marion County, 22 January 1930 — Page 12

PAGE 12

TOBACCOS AND AMUSEMENTS LEAD MARKET Most Issues Advance on Profit-Taking; Steel Around 171.

Average Stock Prices

Average of thirty Industrials for Monday 243.58. up 2.27. Average of twenty rails was 145 91 up .48 Average of twenty utilises was 88.28. up .73 Average of forty Ponds was 93.84. off .14. //(/ United Press NEW YORK. Jan. 22.—Tobaccos and amusements again assumed leadership of the stock market today and the majority of issues advanced over early profit-taking. Trading was somewhat more active than on Tuesday, but still relatively quiet. Cheap tobacco shares soared 2 to 8 points. Best gains in this group were made by the preferred shares, notably United Cigar preferred, United Stores preferred and Schulte preferred, the latter selling at 71 *4, up BVa. It gained 13 points Tuesday. Smaller gains were made by United Cigar common. United Stores A. Tobacco Products A and Schulte ccmmon. The latter rose more than 2 points. Radio-Keith-Orpheum rose to 28, anew high for the movement, in active turnover. Paramount also gained a point, as did Loew’s. Fox was bid up above 21, compared with its previous close of 19 ’*. United States, Steel fluctuated narrowly around 171, despite favorable developments in the industry. Other leaders generally were firm. In the first half hour bears drove U. S. Industrial Alcohol down sharply and other chemical shares followed, unsettling the entire list. Alcohol regained some of its loss later, but in the early afternoon still was well under the previous close. Call money renewed at 4% per cent and then dropped to 4 per cent around noon. Funds were plentiful.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Wednesday, Jon. 22. $2,41)8,000: debits, $,.663,000. CHICAGO STATEMENT I:a I nili il I'rt H* CHICAGO, Jan, 22—Bank clearings $105,800,000; balance $18,400,000. NEW YORK STATEMENT /.'(/ Vnih <l I’m* NEW YORK. Jan. 22.—Bank clearings M 036.000 000. clearing house balance $153.000.000. federal reserve bank credit balance *138,000,000. TREASURY STATEMENT ttV TTnitrri I’rr** WASHINGTON. Jan. 22 -Treasury net balance on Jan. 20, was *104,576.210.96, customs receipts for the month to the : imp date totaled *25,179,696.59, government expenditures on Jan. 20, were $8,953.1H9.83.

Indianapolis Stocks

—Jan. 22. Bid. Ask. American Central Lfe Ins C 0.1.000 Beit R R Ac Yds Cos. com... 60’, 64'r Belt H R & Yds Cos pref ... 55 60*4 Central Indiana Power Cos p.. 88'4 93 • Circle Theater Cos common... 104’a ... Citizens Gas Cos common 36 41 Citizens Gas Cos preferred 94 99 Commonwealth Loan Cos pref... 98 Kook Drug Cos common 44 1* liana Hotel Cos Claypool c. 125 Indiana Hotel Cos pref 100 Indiana Service Corp pref. .70 T udtanapolis Gas Cos common 56*4 61 J-.dpls Power Ac Lt Cos pfd ...101',-a Jodpis Pub Welfare Loon As c. 51 Indpls St Railway Cos pref ... 27 31 Jndpls Water Cos pref 96 ... -Inter Pub Scrv C prior L pfd 9D‘j 102'<> Interstate Pub Scrv Cos 6s 88 91 ii Metro Loan Cos 9714 Northern Ind Pub Serv 6s ... 94 100 Northern Ind Pub Serv Cos pfd 102 105 Progress Laundry Cos common 45 K Rauh & Sons Fertil Cos old. 50 Real Silk Hosiery Cos pfd .. 90 Standard Oil Cos of Indiana . 52*4 ... T H Indpls Ac Est Trac Cos pf 10 Terre Haute Trac &- L Cos pfd. 73 Union Title Cos common 50 Van Camp Prod Cos Ist pfd 98 Bobbs-Merrlll 29 S3 1 i mi Wealth Loan Cos pfd 7G, 9614 .. Share Holders Invest C0r.... 24 •Ev Dividend. —BONDS— Bid. Ask Belt R R A- Stock Yds Cos 55... 88 Broad Ripple Trac Cos 5s ... I eiitral Indiana Gas Cos 6s ... 98 Central Indian Gas Cos 5s 67 : .j 99 Citizens Gas Cos 5s 100 102 ( itlzens Street Railroad 55... 45 50 Gary Street Rv Ist 5s 70 Koine T*Tol Ft. Wavne 65.102 1 id Northern True Cos as ... 3 5 l td Railway Ac Light Cos 5s 95 1 ni sna Service Corpn 5s . 85 1 idpls Pow er Ac Light Cos 55.. 98 100 I ldiana Union Trac Cos. 5s ... 5 I.tdpls Col Ac So Trac 6s 95 100 1 idols Gas Cos 5s 99*4 101 I idols Ac Martinsville T Cos 5s 20 I tdpls No Trac Cos 5s 9 13 1 tdpls Ac Northwestern T Cos 5s 20 Indpls Street Rv 4r. 42 46 Indpls Trac Ac Terminal Cos 5s 93 Indpls Union Rv 5s Jan 100> 1 idpls Water Cos s'cS 101 104 1 idpls Water Cos 5s 92 1 icols Wat Cos lieu Ac ref 6s. 1 92 I idpls Water Cos 4‘cS 91'* ... 1 idpls Water Works Sec Cos 5s 84 ... 1 iterstate Pub Serv Cos 4*4'.. 87*4 ... I -.terstate Public Serv Cos 55.. 96 so Ind Fob Serv Cos 5s 97*4 ... To Ind Teleph Cos 6s 96 u e-re Haute Tr A' Utcht Cos 5s 86 91 Union Trac of Ind Cos 6s 13 —Saifs— I tdpls Trac * Terminal Cos 5s 1 bond 93’•

Investment Trusts

Bid. Asked. American Founders, new 27% 28% Basic Industry Shares 8% 8% Coaporate Trust Shares 8% 9 I ixed Trust Shares A 19% ... Fixed Trust Shares B 16% ... Investment Trust of N Y 10% I}% I -nders of Industry 101* 11 N American Trust Shares 8% 9% Fetroleum Trading Corp A... 20 25 Revbarn Cos 10 20 S W Strauss Inv Cn Units 52 s8 Trustee Std Oil Share 11 11 *4 I S Elec Lt A: Pwr Sh A 38 42

On Commission Row

FRUITS Copies—Delicious, box extra "sane?. $3.75: ; choice $3 a 2 35: Jonathans. *2.75; Grimes! Golden. $2.50: New York Duchess. $2 25 \ 2 50; Gravenstein. $3: Wolf River. $2 50: S'avmen box. $3*23.25. .. Cranberries—s 4 a 25-lb. box: $8 25 a 58-lb. box Grapefruit—Florida. $4 50.t?8. Grapes—California, seedless. $3 50 a • rate: Emperor $2 50612.75 a crate. Lemons —California, a crate. $9. Limes—Jamacia. $3.50ff3. Oranges—California Valencia. $4.5068.50 Strawberries—EOc a Quart. Tangerines—s3 50 a crate. VEGETABLES Beana—Florida. $4 75®5 a hamper. Beets—Texas. $3 50 a crate Carrots—California, crate. $3 50. Cabbages—s3.so a barrel. Celirv— Michigan. 90c; Idaho. $1.35 a cozen bunches. Cauliflower—Colorado, crate. $2.50. Cucumbers —Florida, $6 a crate. Fggplane—s2.so a dozen. $6 a hamper. Kale—Spring a bushel 9<>e Lettuce —California Iceberg. $6.50 a crate home-grown leaf a bushel. $1.85. Mustard—A bushel. sl. Onions—lndiana yellow. $3 23 a 100-lb ! bag; white. 50-lb. bag. $1.75. Paralev—Southern, dor bunches, sl. Peas—California $6.50 a hamper. Peppers—Florida. $7 a crate. Potatoes —Wisconsin and Minnesota ■ nlte. $4.J54.50 a 160-lb. bag: Red River ohlos. 120 lbs.. $3.90: Idaho Russets. $4 its dishes—Button, hothouse, dozen 90c: southern, lone red. 15n35c doren. Sweet potatoes—lndiana Jersey. $3.50 a bushel. No. 2. $1.65 a bushel: Hancv Halls i? 75 a hamper. Tomatoes —California. $3 a baa: bot.ji'ow.* $3.50 a l-lh. bufctk

New York Stocks

j*n. 23 I Riilroftdt— Prev. High. Low. 12:00. close. , Atchison 223 1 a 228% 228% £!B'4 ' vAI Cottat Line ... rBB Halt fc Ohio ...116% 118'/ 1X614. 117-/4 Canadian Pac ..199% 199% 199% 199 Chesa in Ohio 211 Chesa Corp ... 88% 68'* 68*4 67% Chi ii N West... 84’, 847a 84% 84% Chi Grt West 14% C R I A P 116% Del & Hudson.. .. ... ... 172'/a Del & Lack a ... 139% Lrle 57% 57% 57% 58 Erie Ist pfd .... 62 63 62 62 (irt Nor 97 111 Central 129% Kan City South. ... 79Vi Lou & Nash ... 136 136 136 ... Mo Pac 89 % 89 Va 89 Vt 90 MKAc T 53 52% 52% 52% Mo Pac pfd ... ... 137 N Y Central 173 172'% 172% 172% N Y C A St L 133 NY RH A H 110 Nor Pacific ... 88% o A W 15% 15% 15% 15% Pennsvivanla ... 78% 78% 78% 78% P A W Va 116% Reading 123% 122 123% 123 Southern Rv ... ... 135% Southern Pac ...120V, 120% 120% 128'. St Paul 25 24% 24% 24% St Paul pfd .... 43% 43% 43% 42% St L A S W 62 % St L A 8 P 108% 108% 108% 109% Texas A Pac ... 120 Union Pacific . . .216% 218% 218% ... West Maryland. 25',i 25% 25% 25% Wabash .. ... ... 56 Rubbers— Ajax .. ... ... 2 Fisk 3% 3% 3% 3Vi Goodrich ... ... 43 Goodyear 65 65 65 64% Kellv-Spgfld ... 4% 4% 4% 4% United States ..23% 23% 23% 23 Equipments— Am Car A Fdy. 79'% 79’% 79% 79 Am Locomotive .. 101% Am Steel Fd ... 45% 45% 45% 46 Am Air Brake S 48% 48% 48% ... Man Elec Sup.. 28% 27% 28 27% General Elec ...251% 249% 251'% 245% Gen Rv Stgnal.. 90% 80% 90'% ... Gen Am Tank..los 104% 104% 103% N Y Air Brake. 45 45 45 45 Pressed Stl Car 8% 8% 8% 8% Pullman 85% 84% 85% 83% Westlngh Air B 45 44'/a 45 45 Westingh Elec ..149% 148 149% 146% Steels— Am Roll Mills... 87% 85% 85% 86 B"thlehem 96% 98% 96% 96', Colorado Fuel .. 40% 40% 40% 40% Crucible ... ... 83% Gulf Stater- Stl 57% 57% 57'% 58 Rep Iron & Stl 76 Ludlum 35% 35% 35% 35% Newton 48 47% 47% 45% U S Steel 171% 170% 171 % 170% Alloy 33 Vs 32% 3 2'/a 32% Warren Fdv ... ... 25Vs Youngstown Stl .. ... 110 Vanadium Corp.. 55 55 55 54% Motors— Am Bosch Mag.. 43 43 43 43% Briggs 16 16 16 16 Chrysler Corp .. 35 34% 35 35 raton Axle .... 30 29% 29% 29% Graham Paige .. 9* 9% 9% 9% Borg Warner. .. . 35% 35'/a 36'% 36% Gabriel Snubbrs ... 6'/8 General Motors.. 40% 39% 40% 40% Elec Stor Bat.. 71 70% 70% 70% Hudson 57% 56% 56% 56% Hayes Body Corp . . ... ... 7% Hupp 21% 21% 21% 21% Auburn 183 183 183 186 Mack Trucks 73 72% 72% 72 Marmon 23% 23 2 23% 23% Reo 11 % Gardner ... ... 3% Motor Wheel .. 27'% 27% 27% 26% Nash 53% 53% 53% 53 Packard 16 15% 16% 16 Peerless ... ... 7% Studebaker Corp 43% 43 43 43% Stew Warner.. 41% 40% 41V, 41 Timken Bear .. 74 73% 73% 74 Wlliys-Overland.. 0% 8% 8% 8% Yellow Coach.. 13% 13'/i 13% 13% White Motor 32 Mining— Am Smelt & Rfg 70% 70% 70% 70% Am Metals .... 44 44 44 44 Am Zinc 15% 14% 14% 15% Anaconda Cop.. 71 69% 70% 71 Calumet & Arlz. . 83% 83% 83% 83% Calumet A Hecla 29% 29% 29% 30 Cerro de Pasco 60% 60 60% 60 Dome Mines..., .. ... ... 7% Granby Corp.... 52% 51 % 51% 52% Gt Nor Ore 21% Inspiration Cop.. 27% 26% 26% 27% Int Nickel 36% 35% 36% 35% Kennecott Cop.. 56% 55% 56 56V4 Magma Cop .... 47', 2 47% 47% Miami Copper .. 28% 28% 28% 28% Nev Cons 23% 28% 28% 28 Texas Gul Sul.. 57% 56% 57% 57% St Joe 50% 50% 50% 51 U S Smelt .... 33% 33Vi 33Vi 33% Oils— Atlantic Rfg .... 37 36 % 36% 36% Barnsdall (A) ... 21% 21 Vi 21% 21% Freeport-Texas.. 40% 39% 40% 39% Houston 0i1.... 54% 53% 54 5 ,a 54% Indp Oil St Gas 22 Vi Conti Oil 21 % 21% 21% 21% Mid Cent Petrol 25'% 25% 25% 25% Lago Oil A Tr.. 22 21% 22 21% Pan-Am Pet B 52 Philips Petrol... 32 31% 31% 32 Prairie Oil 50 50 50 50 Union of Cal... ... ... ... 43% Prairie Pipe ... 58% 58% 58% 58V, Pure Oil 22% 22% 22% 22% Royal Dutch ... 53% 53Vi 53% 54m Richfield 25% 25 Vi 25% 25% Shell 22‘ 4 22Vi 22% 22 Simms Petrol ... ... 23% Sinclair Oil ... 23% 23% 23% 23% Skeliv Oil .■ - ' 30% Std Oil Cal .... 58% 59% 59% 59% std Oil N J ... 63% 62% 63% 63 Std Oil N Y.... 32% 32% 32% 32% Tidewater 12% 12% 12% 12Vb Texas Corp .... 53% 53%• 53% 53% Texas CAO .. 9% 9% 9% 10 Transcontl 9% 9% 9% 9% White Eagle.... 26Vi 26% 26',a ... Industrials— Adv Rumley ... 16Va 15% 16-% 14% Allis Chalmers.. 54 53% 53% 53% Allied Chemical 265 264 264 265 A M Byers 91% 89% 91% 90 Armour A 5% 5% 5% 5% Amer Can ...... 124 Vi 123'/i 1z4% 123% Alleghaney Corp 25% 25 V* 25% 25% Am Safety Raz ... 61 % Am Ice 38 36% 38 36% Am Wool 11 10 11 ••• Assd Dry Goods 31 % 31 Va 31% 31% Bon Alum 48% 48 48 49 Coco Cola ••• ••• 0 Conti Can ..... 53% 3 SSV4 53 Certatnteed ■■■ • •• Crosley 14% 14% 14% 14% Congoleum 17 16% 17 16/n Curtiss W 7Vi 7 1% 7V Davidson Chem. 31 31 31 30 Dupont 115% 115_ 115 115 m Famous Players. 58Tb 56‘<6 J Qen Asphalt ... 51 3 4 51 '2 51/4 51 4 Fox A 21% 19% 21% 19% Gold Dust 44% 43% 44% 43% Gltdden 31 Va 31% 31 32 Int Harvester .. 8d 82% 84% 82 Kelvinator 10 9 'A 10 9,4 Lambert • Loews 54*. 52% j>4 /% 55 .a Mav Stores .... 55% 53 53 53 Kolster 2% 2% 2% 2% Montgom Ward. 43V* 43 43 41 ,* Natl C R 75 75 75 75 Radio Keith ... 28 26% 27,4 2, Owens Bottle .. 54% 54% 54% 12 Radio Keith ... 36% 35' 8 31 ? 35\i Real Silk 50 48% 50 ... Rem Rand 29V, 29% 29% 29% Sears Roebuck. 87 8->% 87 8o .a Union Carbide .. 82% 81% 8~ 81 Warner Bros ... 50', 49% 50% 50% Un Air Craft ..51 49% 50% 50 Univ Pipe 3 7 3 3 8 3v 4s USCS lr Pipe.. 25% 24% 25% 24% l! S ndus A1c0.,117% 113% 113% 117% Worthington Pu 70 70 70 ... Woolworth Cos.. 68% 68% 68% 68 Am‘t'cl*A~Tel.. .220% 218% 22% 218% Am Pr ALt ... 84%. 83Vi 84% 84 Ang Bub Serv , % Am For Power.. 94-* 92% 94% 93 Am Wat Wks... 93 92% 93 92_* Gen Pub Serv.. 35% 34% 35% 34 a Col GA E 78 76% 77% 77% Consol Gas ....106% 105% 106% 105% Elec Pow A Lt.. 55% 54% 54’* 55% Int TA T 70',4 69% 70 ,0% Nor Am Cos .... 97 96% 69% 96% Pac Light ...... 81% 80% . 81% 80% Pub Serv N J .. 85 84% 84% 85% So Cal Edison .. 57’* 57% 57% 57% Std Gas A E 1... 115 113%’ 114 113% United Corp ... 33% 33% 33% 33% Utilities Power.. 34% 33 s * 34V* 34% United G A Imp 36% 35’* 34% 36 Shipping— Am Inti Corp .. 37% 37V* 37% 37

In the Stock Market

<Bv Thomson & McKinnon) NEW YORK. Jan. 22.—The Jump of 10 per cent in car loadings, coupled with the continuing increase in steel operations, confirms the President’s statement that employment is now on the up grade. Apparently general business has turned the comer and it is reasonable to assume that the movement toward betterment will accelerate. As yet the security markets have not begun to discount to any particular degree this anticipated improvement. With quite a number of annual reports due to be published in the near future, most of which will show a poor last quarter, it is not surprising that the markets’ waiting attitude is being prolonged. We do not think it will be very ’ong. however, before the effect of that which happened the latter part of last year will be forgotten and more attention paid to what is to come. Already the securities of those Industries least affected by the depres- | sion, such as the motion picture and I tobacco companies, have assumed market leadership. * Not only do we believe that this strength will spread to other industrial groups, but we are inclined to look for the railroads as well to begin attracting Investors In larger volume.

ißy Thomson St McKinnon i

Atl Gulf AWL 74% Inti Mer M pfd. 29% 29 29% 29 United Fruit ...103% 103 103 102% Beechnut Pke .... 65 California PKg.. 68 87% 67% 68 Canada Dry ... 67 67 67 67 Corn Products .. 91% 91% 91% 90 Cont Bak A .... 43% 41% 42V, 41% Borden 65 64% 65 65 Cuban Am Bug. 88% 8% B’A 8% Jewel Tea 46V* 46% 46% 45 Kraft Cheese ... 47 44% 47 44% Kroger 47% 46% 47 46% Loose Wl'lev .... 55% 53 55'/, 54% Natl Biscuit ... .195% 193% 193V* 195% Natl Dairy 47% 46% 46% 46% Purity Bak .... 84% 83% 84"* 84% Loft 3% 3\ 3% 3% Stand Brands .. 27% 26% 27% 27 Ward Baking B. 5% 4V 5% 4% Tobaccos— Am Sumatra ... 22% 21% 22% 21 Am Tob B 213% 213 213 212 Con Cigars 48’* 48*A 48’/, ... General Cigar .. 52% 52V* 52V, ... Lug A Meyers ..100% 100 100 100% i Lorillard 22% 21% 22% 22 R J Reynolds .. 53% 52% 53% 52% Tob Products B. 4% 4% 4Vi 4% United Cigar St. 9 8% 9 8 Schulte Ret Sirs 10% 10% 10% 10% BOY, 13, KILLS SELF Fires Shot After Parents Forbid Attending Shaw. Bu United Press CAMDEN, Ind., Jan. 22.—Charles Randolph, 13, who died Tuesday night after being shot by a bullet from a rifle in his hands, was said to have committed suicide by Dr. C. W. Hunter, Carroll county coroner, in a report today. The coroner said the youth placed the gun to his head and fired the fatal shot after his parents, Mr. and Mrs. John Randolph, near here, had refused him permission to atend a moving picture show at the Camden schoolhouse. The boy became angry when older children in the family were permitted to attend. ELECT POWER HEAD Robert M. Feuste! Is Named Service Firm Chief. Directors of the Central Indiana ; Power Company have elected Robert M. Feustel, president of the Indiana Service Corporation, Ft. Wayne, as president. Samuel Insull Jr., was elected vice-chairman of the Central company, which is a holding company for Insull interests. L. B. Andrus, formerly president of the company, was elected vice-president. Samuel Insull Jr., is president of the Midland Corporation of Chicago, parent holding company for Insull interests. Feutel for the last year was policy director and chief operating executive of the Insull Indiana properties. He has been active in support of the $70,000,000 merger program now before the public service commission. PLANT FUNDS ASKED Commission Will Complete Dehydration Project. Completion of the $200,000 dehydration plant, idle since 1923, will be undertaken by the present city sanitary commission. City Engineer A. H. Moore said today. City council will be asked to appropriate about $30,000 for the additional equipment from the unexpended balance of 1929. Only a ; part of the plant will be operated jat the start. The board expects to realize a profit from sale of the I sludge for fertilizer. The artificial drying process is expected to make j it marketable. From the unexpended balance, the | board also will construct the | Pogue’s Run interceptor costing $52,000. It will begin at Nowland avenue, near Rural street and extend northeast through Brookside park. FLIER THOUGHT CAPTIVE Indian Hostile to Piute Tribe Is Informant of Posse. Bu United Pi ess LAS VEGAS. Nev.. Jan. 22.—Rumors that Maury Graham, missing Western Air Express pilot, is being held captive by fndians on the Piute reservation near where the flier is believed to have gone down in a blizzard twelve days ago, were investigated by a sheriff’s posse today, j The deputies will attempt to confirm a report by an Indian, hostil to the Piutes, that Graham was found by the half wild tribe and detained forcibly. Births Girls , Brodie and Carrie Legge, 432 South Oakland. I Arlost and Minnie Elliott. 36 South Rural. Leonard and Lillian Mitchell, 1416 East Thirtieth. Harry and Mary Parkins. Coleman hospital. j Dana and Helen Jones, Coleman hospital. Arthur and Arline Ferguson. Coleman hospital. Ward and Leona Fabel, Coleman hospital. Harold and Reath Dove. Coleman hospital. Don and Mabel Steffen. 349 North Liberty. Harold and Ethel Wysoug. S3 South Tuxedo. Boy* Otto and Oma Hubner. 1621 Rochester. James and Maud Johnson. 415 South Harding. Hyman and Luetta Stoughton. Coleman I hospital. James an dThelma Reilly. Coleman hos- : pita!. Rcbert and Edith Lawson. Coleman hos- ; pit.al. William and Alta Baldwin, Coleman hosi pitai Ralph and Lucille Retz. 1521 East Ne# i York. Deaths Lornello Naido. 46, city hospital, tuberculosis peritonitis. George P. Jackson. 70, 4841 HiUslde, carcinoma. Henry Hoskins. 63. 1528 North Missouri, i broncho pneumonia j Leona Davis. 24. city hospital, acute myocarditis. Euna Meador. 20. 1636 Rochester, general tuberculosis. * Elias Scuddeus, 46, LoAg hospital, mitral Stenosis. Vidal Jacobs, 34, city hospital, accidental. Alonzo Powell. 67, 2414 Pennsylvania, lobar pneumonia. Ossie Whitley, 27, 1133 Vandeman. broncho pneumonia. Nannie Lyons. S3. 2120 West McCarty, pulmonary tuberculosis Thomas Gee, 51, Christian hospital, accidental. i Pleasant T. Lee. 80. 817 St. Peter, I' chronic nephritis. Herman G. Pape, 75, Christian hospital, broncho pneumonia. Romaine Braden Schell. 62, Methodist hr-g.pi

THE INDIANAPOLIS TIMES

PRICES STEADY ON LIVESTOCK AT CITY PENS Sheep Market Unchanged; Vealers Stationary at $17.50. Jan. Bulk. Top. Receipts. 15. [email protected] $lO 25 7,000 16. 9.75® 10.00 10.00 12.000 17. 9.85 fi 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. COO 22 [email protected] 10.35 8.000 Hog prices were mostly steady at the Union Stockyards, selling at Tuesday’s best prices. The bulk, 140 to 250 pounds, were selling at $lO.lO to $10.35. A good and choice grade of butchers were largely unchanged. Receipts were estimated at 8,000; holdovers, 158. Cattle market stationary, with a slaughter class of steers selling slow and tendency lower. Vealers mostly unchanged, selling at $17.50 down. •Sheep and lambs steady, and a better grade of good and choice lambs selling at $13.50 to $13.75; all lower grades sold at $10.50 to sl3. Chicago hog receipts 45,000, including 15,000 directs; holdovers 4,000. Few early sales and bids mostly 10 cents lower than Tuesday's average; several loads of choice 200 to 250 pound weights, sold at $lO. Choice of 270 pounders sold at $9.60, holding choice on 140 to 160 pound weights, were selling at $10.25. Cattle receipts were 10,000; sheep, 17,000. —Hogs— Receipts, 8,000; market, steady. 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 [email protected] Slaughter pigs, 90-130 lbs 9.00® 9.75 1 Packing sows 7.75® 8.75 j -CattleReceipts, 1,300; market, steady. Beef steers. 1.100-1,500 lbs. good and choice [email protected] Common and medium 9.50® 12.25 Beef steers, 1.100 lbs. down, good and choice 12.50® 15.75 Common and medium 9.50® 12.50 Heifers. 350 lbs. down, good and choice 12.505J15.00 Common and medium [email protected] Cows [email protected] Common and medium 6.50® 8.75 Lower cutter and cutters 4.75® 6.50 Stocker and feeder steers, good ana choice [email protected] Common and medium 6.75@ 8.75 —Veals— Receipts, 700: market, steady. Medium and choice [email protected] Cull and common [email protected] —Sheep— Receipts, 1,000; market, steady. Lambs, good and choice $13.00613.75 Common and medium 10.00fftj3.00 Ewes, medium to choice 4.50 ff; 6.50 Cull and common 2.00® 4.50 Other Livestock Bu United Press CHICAGO, Jan. 22.—Hogs—Receipts. 45,000, including 15,000 direct; market steady to 10c. lower; top, $10.25; 320-260 lb. weights. $9.75ff?10; 270-300 lb. weights, [email protected]; packing sows, [email protected]; butchers, medium to choice, 250-350 lbs., $9.256/9.75: 200-250 lbs.. $9.60© 10.15; 160200 lbs., 59.75<®10.25; 130-160 lbs.. $9.50© 10.25; packing sows, SB.lofftß.Bs; pigs, medium to choice. 90-130 lbs., S9@lo. Cattle —Receipts. 10.000. Calves —Receipts. 2,000; lower grades predominating; market weak to 25c lower; practically nothing doing on heavy steers; top sl6; steady on fed steers and yearlings: slaughter classes steers good and choice, 1,300-1.509 lbs., [email protected]; 1,100-1,300 lbs., $12.25@16; 5501,100 lbs., sl2.soffi 16.25; common and medium, 850 lbs. up. $8.75@ 12.50; fed yearlings good and choice, 756-950 lbs., $12,506$ 16.25; heifers good and choice 850 lbs. down. $12.256?16; common and medium. $7.756/12.25; cows, good and choice, sßffi 10.50; common and medium, $6.50®8: low cutter and cutter. [email protected]; bulls good and choice beef. $9.50@10; cutter to medium, $7.250/ 9.75: vealers milk fed. good and choice, [email protected]: medium, sll© 14: cull and common, $7.50 6/T1: Stocker and feeder steers, good and jhoice all weights, slo.s&ff/:11.50; common and medium. $8.25 @10.50. Sheep—Receipts, 17,000; opening slow, fully 25c lower; early sales mostly fat lambs: a few choice lambs. $13.50; top to outsiders, $13.75: ewes steady at $6.50® 7; feeding lambs nominal; lambs good and choice 92 lb. down, [email protected]; medium, 511.75@13: cull and common. $10.50® 11.75; ewes, medium to choice 150 lbs. down, ''■5.506/7.25; cull and common. [email protected]: feeder lambs good and choice, $11.6566 13.10. B.v Times Kprclal LOUISVILLE, Ky„ Jan. 22.—Hogs—Receipts, 800; market. 10c lower; 250 lbs. up, $9.65; 165-250 lbs., $10.25; 130-165 lbs.. $9.65; 130 lbs. down. $8.50: roughs, $7.65; stags, $7.05. Cattle—Receipts, 100; market steady; prime heavy steers, $11.500/13; heavy shipping steers. $lO6/ 11.50; medium and plain steers. sß.so<f/10; fat heifers, [email protected]; good to choice cows, s7@9; medium to good cows. $5.75®7; cutters. ss® 5.75; canners, [email protected]; bulls. $66/9.50; feeders. SB6/ 10.50; Stockers, [email protected]. Calves—Receipts, 200; market, steady; tops. sls; good to choice, sl2® 15; medium to good, s9® 11: outs, $9 down. Sheep—Receipts. 50: market steady; ewes and wethers. $12.506/13; buck lambs. $11,506/12; seconds, s6@9; sheep, ss@6. Tuesday’s shipments: Cattle, 16; calves, none; hogs, 156; sheep, none. Bn United Press PITTSBURGH. Jan. 22—Hogs—Receipts, 2,500; market, steady to 15c lower; 130240 lbs., $10.65® 10.75; 250-345 lbs.. $10.40 @10.65; light pigs around $10.50; sows, [email protected]. Cattle —Receipts, 100; market, steady to 50c higher: better grade vealers, $176/18.50. Sheep—Receipts, 500: market, fairly steady: choice handy weight lambs, $13.75® 14; heavies mostly $12@13; fat ewes, [email protected]. Bu United Press CINCINNATI. Jan. 22.—Hogs—Receipts, 2.100: holdovers 450; bulk good and choice. 150-320 pounds, $10.55, or 5c to 10c lower; others steady; heavy hogs dull, few 260-270 lbs., $10: some 280-300 lbs., $9.75; bull: 120-160 lbs., $10.25; bulk sows, SB6/8.25; few finished lightweights higher. Cattle — Receipts, 400; calves, 400; practically no outlet for common slaughter cattle; prices fcarelv steady with bearish undertone on all grades; cows and bulls fairly active; steady; springling of platn killers up to SIX; some medium grades around sl2; beef cows, s7@9; low cutters and cutters, $5.50 @6.75; bulk bulls, [email protected]; vealers. mostly 50c lower; practical top, $17.a0; lew early, $18: bulk. sl4. Sheep—Receipts, 200; steady; best light lambs, $13.50; throwouts and bucks. $9.50@11; good handy weight ewes, $5.50. Bu United Press _ . CLEVELAND. Jan. 22.—Hogs—Receipts, 2.000: holdovers, none; slow, uneven, steady to 25e lower; most decline on heavier weights; top, $10.50, or 170 lbs. down: 190-250 lbs., $10.35010.40; over 300 lbs.. $9.505i9.75; rough sows, $8; stags, $6.23. Cattle —Receipts, 450; slow; steers, weak to 25c lower' common to medium, $lO6/ 11.25; cows fairly numerous; not overly steady: cutter grades, $4.50@6; medium’to good, $76/8.50; calves, 500; steady to 50c lower: $136/15.50 kind showing decline; better grades, [email protected]; few $lB and better; culls, $9,506/11. Sheep—Receipts, 1.500 lambs, steady to strong; better grades, $13.25® 13.75: top, $13.90; medium throwouts, easier, $10.50(3.11.50; sheep, steady. Bu United Press _ _ EAST BUFFALO. Jan. 22.—Hogs—Receipts, 2,400: holdovers, 400, active, 306/ 35c lower; mostly 40c below Tuesday’s average; bulk 210 lbs. down, $10.75; few, 190-lns. selections. $10.85; 230-270 lbs., [email protected]; packing sows, $3 25® 9. Cattle—Receipts. 50; cows, steady; cutter, grades, $4 [email protected]; calves, receipts, 150; vealers unchanged, $18.50 down. SheepReceipts, 1,300; lambs generally steady; good to choice, 90 lbs. down, $13,756* 14; sparingly. $14.25: medium and strong weights, $12.25 @13.25. fat ewes, s6® 7.25. Bu r nited Press . _ , . TOLEDO. Jan. 22.—Hogs—Receipts. 900: market. 106/25c lower; heavies, $9.25® 9.40; mediums, $9.85@10; yorkers, $10010.25: pigs. $9,756/10. Cattle —Receipts, light; market, steady; calves, receipts, light; market, steady. Sheep and lambs—-Re-ceipts, light; market, steady. ARMY OFFICER RETIRED Bu United Press WASHINGTON, Jan. 22.—Orders for the retirement of Colonel B. Frank Cheatham with the rank of major-general were issued by the | war department Tuesday. Cheatham 1 on Jan. 17 ended a tour of duty as quartennaster-genexal ol the umy.

The City in Brief

THURSDAY EVENTS Sheet Metal and Warm Air Heating Contractors’ Association of Indiana, convention, Denison. Lumbermen's Aaaoeiatlon luncheon, Columbia Club. Advertising Club of Indianapolis, luncheon, Columbia Club. Indianapolis Engineering Society luncheon. Board of Trade. .American Business Club luncheon. Columbia Club. Real Esate Board luncheon. Lincoln. Sigma Nu luncheon, Lincoln. Caravan Club luncheon, Murat temple. Indiana Veterinary Medical Association, Scverin. Chevrolet Dealers of Indiana, convention, ClaypooL Albert stump, attorney, wil! speak before the History and Political Science Club at Butler University Thursday noon in the Arthur Jordan Memorial hail. Dr. Stanley Coulter of Eli Lilly & Cos., formerly dean of Purdue university, will speak before the Advertising Club luncheon Thursday at the Columbia Club. A benefit musicale has been postponed from Friday night to Saturday night, Feb. 22, by Benjamin Harrison camp No. 356, Sons of Union Veterans, because of spinal meningitis in the city. Charles E. Watkins, a member of the educational staff of the American City Bureau, will speak on “The Human in Business Building*’ before the Indianapolis Real Estate Beard at the Lincoln Thursday noon. STEEL ORDERS GAIN Automobile Makers Increase Production. Bu United Press NEW YORK, Jan. 22—Heavy demand for steel from leading automobile makers has caused a decided increase in steel operations during the last few days, it was reported in Wall Street today. United States Steel Corporation, which reported to be operating as low as 40 per cent of capacity less than a month ago, has stepped up production to 72 per cent, a 5 per cent Increase in activity over last week. Officials of leading steel companies are described as “cheerful’’ on the outlook and point out that the improvement has been greater than anticipated by the most optimistic observers. Independent steel operators are operating at 67 per cent of capacity, against 64 per cent last week and 58 per cent two weeks ago. Bethlehem, however, is operating at nearly 74 per cent of capacity, against 72 per cent a week ago. A year ago the steel corporation was operating at 85 per cent, with independents at better than 82 per cent, and the average for the industry as a whole 835-2 per cent. VIGILANTE PROGRAM IS BEFORE BANKERS Taxation Also to Be Discussed at Mid-Winter Meeting. Bank taxation and bank protection, including extension of vigilantes organization, will be important topics before the Indiana Bankers Association at its annual mid-winter meeting in the Claypool Thursday. The convention will be opened by President Elmer W. Stout, and morning session speakers will include Lawrence Whiting, Chicago, Indiana Limestone Company president; Thomas J. Lee, New York, president of the Lee-Stewart Company; W. L. Books, Bemidjii, Minn., Northern National bank president, and John C. Mecham, Chicago, vice-president of the Union Trust and Savings bank. Discussions will be held on “Our New Protective Plan,” “The Tax Situation” and “Bank Administration.” The meeting will be closed with a banquet at night, at which Strickland Gillilan, humorist, of Washington, will speak.

Produce Markets

Eggs (country run)—Loss off delivered In Indianapolis. 37c; henery auality. No. I 42c: No. 2. 32c; 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; capons, 5 lbs. and under. 20c; ducks, full feathered, fat. whites 13c. These prices are for No. 1 top Quality, Quoted by Kingan & Cos Butter (wholesale)—No. 1, S7@3Bc; No. 2, SoiS/SSc. Butterfat—34c. Cheese (wnolesaie selling price per poundi—American loaf, 35c; pimento loaf. 37c; Wisconsin firsts. 27c; Longhorns. 27c; New York limberger, 30c. Bu United Press , .. . , NKW YORK. Jan. 22.—Flour—Dull, but steady; spring patents, $6,254(6.75. Pork —Firm. Mess—s2B.so. Lard—Steady. Middle West—Spot. $10.95((/11.05. Tallow—Easier; special to eiftra, 71i@7%c. Potatoes— Steady to firm; Long Island, $24/6.50 bbls.:; Maine, $4.35<h:5.50 bbl.; Bermuda, sß® 12 bbl. Sweet—Potatoes—Quiet; Southern baskets, [email protected]; Jersey, [email protected] basket. Dressed Poultry—Firm; turkeys, 264/43c: chickens. 18(S.40c; capons, 27@44c; fowls. 18t033c; ducks, 15ffJ24c; ducks, Long Island, 23ffi26c. Live Poultry—Steady to firm: geese, 13®27c: ducks. 13@26c; fowls, 30®34c; turkey's. 20®, 30c; roosters. 18c; chickenus. 25(a31c; broilers. 26@35c. Cheese—Dull: state whole milk, fancy to specials, 24®26c; Young Americas, 23%@ 24%c. Bu United Press CHICAGO. Jan. 22.—Eggs—Market, firm: receipts, 8,258 cases; extra firsts. 41 %@ 42c; firsts, 38%@39c; ordinaries. 36%<£37c: seconds. 30® 34c. Butter —Market, firm; receipts 8.376 tubs; extras. 36%c; extra firsts. 35ff/36c: firsts. 33%ff/34%c; seconds, 31®32c: Standard. 35c. Poultry—Market, firm; receipts; No cars: 1 due; fowls, 2&c; springers, 27%c; Leghorns. 23c; ducks, 18c; geese, 16c: turkeys, 25c; roosters, 18c; briolers. 30@32c. Cheese—Twins. 19%@ 19%c; Young Americas. 21c. PotatoesOn track 205; arrivals. 50; shipments. 554; market, nominal; no trading on account of weather. Bu United Press CINCINNATI O.—Jan. 22.—ButterSteady; creamery In tub lots according to score, 35/-/36c; common score discounted 2@3c: packing stock No. 1,22 c; No. 2. 18c; No. 3.13 c; butter fat, 33®35c. Eggs —Steady; cases included: fresh gathered, 40c: firsts. 39c: seconds, 38c: nearby ungraded. 39c. Live Poultry—Thin and coarse stock sells only at heavy discount: fowls 5 lbs. and over. 27c; 4 lbs. and oyer 27c: 3 lbs. and over 24c; Leghorns. 3 lbs. and over 21c: roosters, 16c; stags, 20c: capons 8 lbs and over. 32e: under 8 lbs.. 27c; slips. 21; 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. 2!e: Leghorns and Orpington fryers 2 lbs. and over 20c; black springers. 20c.

Local Wagon Wheat

Cltv grain elevators are paying $1.15 for No. 3 red wheat and $1.13 for No. 2 hard wheat. NEW YORK COFFEE RANGE —Jar.. 21— High. Low. Close. January 8.80 H.BO 8.80 March 8.37 8.17 8.37 May 8.01 7.90 8.01 July 7.97 7.83 7.97 September 7.87 7.74 7.87 December t.T# MS MS

FOREIGN CABLES STRONG;WHEAT MOVESJIGHER Liverpool Oppns Stronger, Then Slight Setback Is Recorded. BY HAROLD E. RAINVILLE United Freu Staff Correspondent CHICAGO, Jan. 22.—Wheat was fractionally higher on the Board of Trade today under the influence of strong foreign cables. Liverpool advanced on lighter Argentine offerings and strength at Buenos Aires. Buenos Aires, after opening strong, was 2 cents higher just before noon on short covering and a better export demand. Corn and oats were steady to firm with wheat. At the opening, wheat was % cent to I*4 cents higher, com was up 54 cent to 54 cent and oats advanced 54 cent. Provisions were a few points off. Liverpool was as strong as expected at the opening and made a sharp advance during the morning. but dropped back to 156 cents to 1% cents higher shortly after noon. Selling pressure has lessened measurably. The large sales of gulf wheat for export late Tuesday was encouraging, but demand must be maintained in volume to reduce the large surplus. Realizing in com offsets the moderate demand and prices varied little yesterday. The trade anticipates a heavy movement, and while It has failed to develop it is acting accordingly. The weather is very cold over the belt, lowa reporting temperatures 26 degrees below. Oats has shown a slightly firmer tone. The buying of March against sales of the same month at a 1% cents difference by local cash houses and selling on May by northwest has given it its activity. Chicago Grain Table —Jan. 22 Prev. WHEAT— High. Low. 12:00. Close. Mar 1.25% 1.24% 1.25% 1.24% May 129% 1.28% 1.29% 1.28% jSy “1 1.31% 1.30% 1.30% 1.30% Mar oß ?*7 90% .90% .90% .90% Mpv ... .lir. .93’/* .93% .93% .93% July 95% .95% -95% -95% M?r AT& 7 46% .40% .46% .47% May #47T .4i 5 ,r 'tia/ 2 July .46Va .45 .46 Vz .46 3 /s May 96 .95% .96 -90% July 95'/i 94% .Ob'/* .94% LARD— .. To n 4.4 ... 10.50 Mar. i0. 55 10.55 10.55 10.62 Mav ....10,77 10.75 10.77 10.82 July 1.!”...10.95 10.92 10.95 11.00 Bu Times Special _ „ , . CHICAGO. Jan. 22.—Carlots: WTheat, 11, corn. 137; oats. 29; rye, 2. and barley, 6.

POLICE RADIO IS PRAISED BY KINNEY

‘System Working Fine,’ Chief Reports to Local Safety Board. The police radio communication system, started Dec. 24, has worked “satisfactorily and aided materially in arresting criminals,” Police Chief Jerry Kinney reported to the safety board today. “The radio system Is working fine. We are having very good luck with the system. Four automobiles assigned to police substations will be equipped with receiving sets soon,” Kinney said. Ten cruising police cars now have radio sets. Robert L. Batts, radio supervisor, reported to Kinney that, in several cases, squads were “on the scene” of crimes as reports were received and made immediate arrests. Thirteen cases where the radio squads mado arrests within a few minutes were cited. Batts reported that 700 messages had been broadcast since opening of the station in December and that 100 police runs had been directed by air. BADGE USE BANNED Return of ‘Courtesies’ Is Ordered by Board. Courtesy badges and courtesy cards issued by previous city administrations were kicked unceremoniously into the discard Tuesday by the board of safety. The board adopted a resolution banning the badges and cards which had entitled their owner to police leniency and instructed Walter Lewis, secretary, to ask Fred Connell, president of the last safety board, to appear and provide a list of persons holding the “crede~ ials.” If the cards are not turr and in, charges of impersonating an officer will be filed against their holders, it was said. guarY boat hits reef Coast Cutter Unalgia Is Able to Proceed Under Own Power. SEATTLE, Jan. 22.—The coast guard cutter Unalgia .s proceeding under her own power to Sitka today after striking a sunken reef off the coast of Alaska, according t oa radio dispatch to coast guard headquarters here. The cutter received a dent in her port side when she struck the rocks near Neva Straits. She was not leaking, the wireless said.

Phong PJlji J/J~** [ll * J 1 THERE’S A DIFFERENCE When You Add Everything Up: Comparing Comfort, Beauty, Economy, Efficiency and Service —the Balance Favors Aetna. Why Not Investigate This Difference? AETNA CABINET CO i DESKjNERS BANK. OFFICE 6^STORE FIXTURES |a

Business — and — Finance

CHICAGO. Jan. 22.—Net earnings of HoudalUe-Hershey Corporation for the eleven months ended Nov. 3. 19*9. amounted to $2,999,118. afteT all charges, including federal taxes, compared with $2,230,232 for the entire calendar year 1928. according to Claire L. Barnes, president. . For the first eleven months of 1929. alter allowing for the dividend on 174.707 shares of class'A stock, the balance was equivalent to $4.91 per share on 528.953% shares of class B stock. On the combined shares, the class A. being convertible into class B share for share, the earnings for the eleven months were equivalent to $4.28 per share. / WASHINGTON. Jan. 22 According 4 preliminary census figures 84,585,304 cotton spinning spindles were In place In the United States on Dee. 81. 1929, of which 29,069,511 were operated at some time during the month, compared with 29,649,394 for November and 80.503,608 In December, 1929. The aggregate number es active spindle hours were 6,765,982,181. S. W. Strauss * Cos., are offering at par a $3,700,000 issue of 1400 Broadway building first mortgage leasehold 6% per cent sinking fund gold bonds dated Jan. 2. 1930, and due Jan. 1, 1948. The Issue Is secured bv a direct closed first mortgage on a leasehold estate In the land at the northeast corner of Broadway and Thirtyeighth Street. New York City, and a thlrty-flve-story office building being erected thereon. The plot of land comprises 28.743 suave feet. Kenneth Slawson Hobbs, Inc., have appraised the property at $6,225,000. The Tanager Construction Corporation is the borrowing concern and the Straus National Bank and Trust Company of New York is trustee. NF.W YORK. Jan. 22.— Preliminary figures presented at the regular monthly board meeting of Servel, Inc., Tuesday, bv Colonel Frank E. Smith, president, show total profits for 1929 after all expenses and interest of $885,144 compared with $236,298 reported for 1928. a gain of more than three times over the preceding year. , . ... At the same time Colonel Smith reported total sales for the twelve months of *18.080,391 in 1929 against *8,3M,t5. In 1928. Foreman-State Corporation. Investment affiliate of Foreman-State National Bank of Chicago will open its New York office at 52 Wall Street. The Foreman-State National bank and affiliated companies, the third largest banking institution in Chicago. are the outgrowth of a banking business established over fifty years ago. Directors of the American States Public Service Company have authorized a new security issue of $650,096 for the purpose of funding recent acquisitions of the company. Announcement of the offering is expected to be made in the near future. NEW YORK, Jan. 22.— A $15,000,000 power project, for which contracts were let during the week, raised the *°caj money value of heavy construction and engineering awards In the United States to $57,165,000. which compares with $42. 315.000 in the previous week and Siei.682.000 in the corresponding week last vear. Engineering News-Record reports. Contract lettings for c ° m " l crcial structures were‘also numerous and showea a substantial gain in value from the total of the preceding week^ The Goodyear News, dealer publication of the Goodyear Tire and Rubber Company of Akron, in its January edition will say, •'While the last half of 1929 witnessed a sub-normal demadn for renewal tlre ' s ' o r ®7 suiting in total sales for the vear 1929 of but approximately 47 000,006 tires aa against 49,500.000 in 1928. we confidently risk a prediction that 1930 will be the greatest year in the history of the tire business for the sale of tires for rencval. purposes and that this market will be engaged In by the smallest number of competitive companies in fifteen years.

EWING RITES HELD City Physician Is Buried at Crown Hill Cemetery. Funeral services for Dr. Calin K. Ewing. 69, Mt. Comfort, who died at his home Sunday night, were held at the home at 1:30 this afternoon with burial in Crown Hill cemeteryMonument lodge, F. & A. M., was in charge. Dr. Ewing was born in Bloomington Sept. 23, 1861, and came to Indianapolis with his parents, W. C. and Mrs. Rebecca Shaw Ewing when 2 years old. He attended Indianapolis schools, being graduated from Butler university and the Indiana medical college in 1884. He took post-graduate work at New York Polytechnical Institute and attended medical universities at Berlin, Paris, Vienna and London. He married Miss Olive E. Smith of Arcadia, who died last November. Dr. Ewing had offices in the State Life building. He was a member of Raper commandery, Knights Templar; Murat Temple, the Odd Fellows, Knights of Pythias, Red Men and Maccabees. AUGMENT NAVAL FORCE Dispatch Boat, Two Giant Subs Added to French Colonial Patrol, Bu United Press PARIS, Jan. 22.—A dispatch boat and two large submarines were ordered today to join the French naval forces sent out to patrol colonial routes. Continuing the policy of colonial protection on which France is placing great emphasis at the London naval conference, the ministry of marine ordered the dispatch boat Vitry Le Francois to leave Cherbourg of Madagascar. The giant submarines Redoubtable and Vengeur were ordered to prepare for immediate departure for colonial routes. We Will Buy Ind. Municipal Bonds NEWTON TODD 415 Lemcke Bldg. HjMlmestments vFIETCHER. AMfRICAN • COMPANY” Indiana'* Lar*e*t limtnnl Room

.JAN. 22, 195

GOTHAM BANKER] BUTS BIG BLOCK OF RAILJSTOCK George Burr Acquires 4(J Per Cent Interest in Denver & Salt Lake, j ! Bu United Press NEW YORK. Jan. 22.—Railroad and financial cricles here were puz- | zled today by news that George H Burr, New York banker, had pur-f| i chased a 40 per cent interest in the ; Denver & Salt lake Railroad Company for $3,000,000. r The railroad controls the Moffat j tunnel through the Continental divide in Colorado under a ninety* nine-year agreement. | Burr acquired 20,000 of the 50,000 shares of common stock fronV* I the trustees at $l5O a share, a price i agreed upon only after a long series of conferences. Others Concerned The banker admitted that others were concerned in the deal, but i would not say who they were. “Others are interested, and pos- ! sibly an announcement will be made : about it within the next few days,4l Burr said. “Pending such nouncement, I can say nothing about it.” In Wall Street the transaction generally was regarded as a skir-, mish in the railroad battle in tlid* far west and one guess was that one of the principals In the deal might be Arthur Curtiss James, large stockholder in the Burlington and other western lines. , 5 Financial circles, however, w T ere at a loss to understand why the purchaser should have bought into the Denver & Salt Lake at this time, since five trustees will control the * j road until 1937 under an agreement" entered into when it was sold at foreclosure in 1926. Tunnel Is Problem If the purchase was made on behalf of one of the major railroadsystems, it further was wondered just how the line and the tunnel will fit into their expansion gram. The Denver & Salt Lake is a short line of about 250 miles, important as a connecting link because of its control of the tunnel. Negotiations for the sale of the stock were carried on here by William R. Freeman, president of the road and a trustee, and Berger, also a trustee. STUDY GREAT LAKES LIFE-SAVING NEEDS Program to Improve Equipment Considered by Congress. Bit Bcripps-Hrjirard Newspaper Alliance WASHINGTON, Jan. 22.—Aroused by .several recent Great Lakes vessel disasters, involving loss of 200 lives, congress is considering a program to' bring the life-saving equipment on the lakes to a par with the coast guard service on the Atlantic and Pacific oceans. j Last week the house committee on" I interstate and foreign commerce approved a bill by Representative ; James C. McLaughlin of Michigan i to. authorize $650,000 for a j guard cutter for Lake Michigan. I Representative Robert Crosser of i Ohio, introduced bills Monday to | construct similar cutters on both i Lake Erie and Lake Superior. I According to Representative Cross- • er, the three vessels are needed bad;ly as the only coast guard vessel , | stationed on the Great lakes, In ady ; dition to patrol boats used In chasI ing rum runners, is a j year-old cutter based at Saulte 1 Marie. Mich. Institute Gets Donation A collection of thirty-five pieces* of lusterware, part of the estate of the late Mrs. Will H. Latta, has been donated to the Indianapolis Art Institute by Miss Mabel Hunt,. , Mrs. Latta’s sister. INTERNATIONAL PAPER and POWER COMPANY / Ulmm A Common Btock ' DIVIDEND i The Board of Directors ha* this day de* dared a regular quarterly dividend o 4 sixty cents (60c) a share on the Claw A Common Stock of tins Company, payable February lath, 1930 to Class A Common Stockholders of record at theclose of business on February Ist, 1930. checks to be mailed. Transfer book* will not close. R. O. Lado, Trtmm Boston, January Bth, J9.V). James T. Hamill & Company BROKERS ■ Tnrilanapoli* • MEMBERS Chlea*o Stork Kxrhan** fhicaico Board of Trade Indianapolis Board of Trad* Associated New York Carb 203 Continental Bank Bldg. Tel. Riley 5498—Riley 5494 247 North Pennsylvania Street Our new downstairs location has created an unusual demand for high-class rental properties. List your properties with us .. . special M rate. INSURANCE RENTS §1 APPRAISEMENTS REAL ESTATE LOANS (hr: LI ncoln 7491 t Ij H fl SS l *