Indianapolis Times, Volume 41, Number 223, Indianapolis, Marion County, 27 January 1930 — Page 11

JAN. 27, 1930.

STEEL SHARES AID STOCKS IN BULLISH MOVE Leading Industrials Climb 1 to 4 Points: Oils Irregular.

Average Stock Prices

Aver.Re of thirty Industrial* for Saturday was 259.06. up 2.75. Average of twentv rails vai 148.70. up .45. Average of twenty utilities was 97.64, up 1.27; average of forty bonds was 93.80, up .03. Bv United Press NEW YORK. Jan. 27—Leading Industrial stocks advanced 1 to 4 points on the Stock Exchange today under the generalship of Ametican Can and United States Steel, while a number of issues in other groups declined fractions to 2 points. Dealings were fairly active, atone time being at the rate of 5,000,000 shares for a full session. Tickers lagged nine minutes, but gradually caught up. American Can rose more than 2 points and Steel got above 180, compared with its last Saturday of 179. General Electric, Westinghouse Electric and American Telephone were in demand. Vanadium rose more than 4 points. Amusements Strong Utilities moved narrowly without feature; rails were mixed with Central off a point and Union Pacific up %; Pressed Steel Car featured the equipments wtih a gain of %; motors were helped by a sensational turnover in Chrysler, which so'd at 36 on 25,000 shares in a single block. Other motors were irregular In a narrow range. Peerless <n the cheaper issues rose 2 points. Oils were mixed after early firmness, while most of the amusements mounted into higher ground, led by Radio-Keith-Orpheum. Montgomery Ward dropped sharply in the early trading, the selling reflecting disappointment over the 1929 report Issued today. The 1929 earnings w T ere equivalent to only $2.60 a share on 4,620,768 shares of common, compared with $4.77 a “snare on 3.410,983 shares in 1928. Later, however, the issue rallied a point and held the gain A. T. & T. Advances Sears. Roebuck, on the other hand, was strong and active, rising more than a point above the previous close and nearly 4 points above the early low. American Telephone advanced despite entry of a plea for a congressional Investigation of the entire company following its recent rate Increases here and on the Pacific coast. Tile market opened irregular with the majority of issues slightly higher. Steel then dipped lower and the whole market followed. Weakness in mail order shares helped the reaction, but it was short-lived, and before noon definite rallying tendencies were displayed all along the line. Call money renewed at 4*l per rent, but was in plentiful supply, and at. noon declined to 4 per cent, exactly the .same procedure of every day last week.

Banks and Exchange

INDIANAPOLIS STATEMENT Indtannpolis bank clcarinps Monday, Jan 27. $3,254,000: debits. $6,466,000. CHICAGO STATEMENT Bv United Press CHICAGO, Jan. 27. —Bank clearings, $84,200.000; balances. *17.100.000. NEW YORK STATEMENT Bit United Press NEW YORK. Jan. 27. —Bank clearings, $530,000,000: clearinß house balance. $120.ooo.ooo: federal reserve bank credit balance. $108,000,000. TREASURY STATEMENT Bu Until and Press WASHINGTON. Jan. 27.—Treasury net balance on Jan. 24. $103,592,335.90; customs receipts (or the month to that date. $30.766 086.81; expenditures on .that date. $4.522.266.31.,

In the Stock Market

/Bv Thomson & McKinnon! NEW YORK. Jan. 27.—Developments over the week-end include one or two disappointing annual reports, which, however, were generally anticipated and are probably not of sufficient Importance to distract attention from the remarkable recovery in the steel industry, with several companies now at the 80 per cent level of capacity and intimations that an extra dividend might accompany the coming annual report of the United States Steel Corporation, It is only natural to assume that leadership by the steel shares will go far toward giving the entire list an atmosphere of strength. With Montgomery Ward’s poor statement out of the way, another sore spot has been eliminated and the Fox Film controversy will probably be cleared up within a few days. Subject to liquidation in individual Issues because of special causes, we anticipate a continuation of the advancing markets, my only suggestion being that prospective buyers give first consideration to stocks of those companies that are known to be in the strongest financial position, have good banking sponsorship, and favorable trade outlook. Marriage Licenses Wlllurd F. Blr.gham. 26. of Chicago, m&nulaciurer. and Gladys J. Swinford. 25. of 3536 North Meridian. CAiarles M Burgess. 32. of 310 North Illinois, salesman, and Mary E. White. 25 of 2142 Central. Benjamin Weiner. 49. ot 1653 South Talbott. carpenter, and Clara Mayer. 37. o( 1665 South Talbott. James H. Foster. 37. of 1446 Cornell, physician, and Mamie Williams. 23. of 327 West Taentv-seventh. Joseph E Bennett. 57. of 2330 North Delaware, superintendent, and Cora B. Thomas. 47. of 4328 East Washington, buyer.

James T. Hamill & Company BROKERS ladlaoapotla MEMBERS • '/li.ga Stoek Exchange ( lilcago Board of Trade •imnapolts Board of Tradr '.••notated New lurk Cnrh 203 Continental Bank Bldg. T*L alley MM—alley MM

New York Stocks ' Bv Thomson A McKinnon i —————

■—JAB. 27 Prev. Railroad*— HUh. low. 12:00 flose. Atchison 233*4 233 1 a 233% 233% Balt & Ohio ... 117*. 117 117 68 Canadian Pac ..1998* 199% 199% 199V* Chesa & Ohio 214 Chi A N West 87*4 Chi Ort West 15V. CRIAP 117 Vs Del & Hudson. .170V* 170% 170*4 171% Del it Lack. . ■ ... 139 Erie 59 Vi 5* Vi 58’,4 58 Erie Ist ptd 62 111 Central ... 129 V. Mo Pac 92 91*4 92 92 M K A T .... 53Ti 53% 53’. 53% N*YCentre? ....180’s 179 178 >BOV, NY NH A H.... 112’. 112% i12% 112% Nor Pacific 85Vs 85% 85% 84% Norfolk A West 231 231 231 ... Pennsylvania .. 79 78% 78% 78 v* Reading 125 % 125 V. 125% 125% Seab'd Air L 8% Southern Pac ..122 121% 121% 121% St Paul 25V. 25 25V. 24% St Paul pfd 43 42% 43 43 St L A S W. ... 65 62 65 62% 9t L Ar 8 F • • Union Pacific ...222 221% 222 221 West Maryland 26% 26% 26% 24% weu*p*c" "25 "25 "25 24% A& bhtt r. 21*4 21 21% 21% Ffsk 4 4 4 4 4 Goodrich 45 44V. 45 45% Ooodyear 70 68 % 70 6i Kelly-Spgfld .... 5% 5% 5% 5,a Lee ••• ••• 8% United States.. 24% 24% 24% 25 Equipment.— Am Car A Fdy.. 81*4 81 81% ... Am Locomotive 101% 101 101% 101 % Am Steel Fd 48% 48% 48% 48 Am Air Brake Sh 48% 48% 48% ... Man Elec Sup.. 29 28% 29 20 General Elec . 262 260% 262 260% Gen Rv Signal 92% 92 92 92% Gen Am Tank.. 104% 103% 104% 104% N Y Air Brake 44% Pressed Stl Car. 10% 10 10% ?% Pullman 83% 83% 83% 84 Westingh Air 8.. 45% 45% 45% 45% Westlngh Elec ..156 154% 156 155 AmtoT Mills.. 89% 89% 89% 89% Bethlehem 101% 100 101% 100% Colorado Fuel.. 47% 46% 47 4i.s Crucible 90% 90 90% 90% Gulf States Stl.. 58 58 58 Inland Steel 79 79 79 ... Otis 34% 34% 34% 34% Rep Iron A Btl.. 79% 77 77 77% Ludlum 41 39% 40% 40Newton 50% 50% 50'* 50 U S Steel 180% 177% 180 179 Alloy 34% 33% 34% 33% Warren Fdy ... ... .??% Youngstwn Stl ..114 114 114 114 Vanadium Corp. .63 60 63 59 % Motor.— Am Bosch Mag.. 44 44 44 43% Briggs 16% 16W 16% 16I< Braockway Mot. .. ... , ..... I*% Chrvsier Corp.. 35** 35% 35% 35% Eaton Axle... 36% 35% 35% 36% Graham Paige.. 10 10 10 9% Borg Warner.... 39% 38% 39 39 Gabr'ei Snubbrs 6% 6% 6% 6% General Motors.. 41% 41Vt 41% ... Elec Stor Bat.. 72 72 72 71% Hudson 57% 56% 57% 57 Haves Body Corp 7% 7% 7% 8 Hupp 22Vn 22% 22% 22% Auburn 217 211% 215 215 Mack Trucks .. 73% 73% 73% 73% Marmon 24% 24 24% 23% Reo 11 10% 11 ... Garner 4 Motor Wheel 28% Nash 53% 53 53 54% Packard 16% 16% 16% 16% Peerless 10 8% 10 8 . Pierce Arrow .... 22% Studebaker Corp 44% 43% 44% 44% Stew Warner ... 414* 41 41% 41% Timken Bear... 75% 74V. 75 75% Willys-Overland.. 8% 8% 8% BVi Yellow Coach.. 14% 14 14% 14% White Motor .. 32% 32% 32% 32% Mining— Am Smelt A; Rfg 73% 73% 73% 73 Am Metals .... 45% 44% 45% ... Am 7.inc 16% 16 16 15% Anaconda Cop .. 73% 72% 73'/. 73 Calumet & Aria . ... 8 ? Calumet A Hecla 29% 29V. 29% 30 Cerro de Pasco.. 62% 61 % 62% 62 Dome Mines.... Bya 8 8% 8 Granby Corp 56** 55% 55% 54% Gt Nor Ore 22% 22% 22V. 22% Inspiration Cop.. 27'% 27% 27% 28 lilt Nickel .... 37 36% 36% 37 Kennecott Cop.. 58 57% 57% )8 Miami Copper .. 3P 30 30 30% Nev Cons 29% 28% 29 28% Texas Gul Sul.. 60% 59% 60% 59% St Joe 53 U S Smelt 34 33% 34 34 Otis— Atlantic Rig 38% 3814 38% 38% Barpsdall <A> .. 23% 22% 23 23V. Freeport-Texas.. 43 42% 42% 42% Houston Oil .... 59% 58% 5844 58% Indp Oil A Gas.. 22% 22% 22% 22% Conti Oil 22% 22% 22% 22% Mtd-cont Petrol 6% 26% 26% 26% Lago Oil A Tr 21% Fan-Arc Pet ißi 52% 52 52 52% Phillips Petrol.. 34 33% 34 33% Prairie Oil .... 80% 50 50% 49% Union of Cal 45 44% 44% 45 Prairie Pipe .... 59% 59% 59 58% Pure Oil 23% 23% 23% 23% Rosa! Dutch. ... 53% 53 53% 53 Richfield 56 25% 26 26 Shell 22% 22% 22% 22% Simms Petrol..- 25% 25% 25% 25% Sinclair Oil 25% 25'% 25% 25% Skellv Oil 31% Std Oil Cal 6044 60% 60% 60% Std Oil N J 64% 63% 63% 64 Vt Std Oil N Y 33 32 32% 32% Tidewater 12% 12% 12% 12% Texas Corp ... 55% 55 55 55 Texas C A 0... 10 10% 10V. 10 Transcontl ....- 9% 9% 9% 9% White Eagle 27% 27% 27% 27% Industrials— Adv Rumely .... 17% 17 17% 17 Allis Chalmers.. 55% 55% 55% 55% Allied Chemical 272 272 272 A M Byers 91 % 90 , 90% 91% Armour A 6 5% 6 5% Amer Can 130% 128 130*% 128 AUcghaney Corp 26% 25% 26% 26% Am Safety Raz.. 62 62 62 62 Am Ice 37% 37% 37% ... Assd Dry Goods 33 33 33 33% Bon Alum 54V. 54V. 54V. 52% Coca-Cola 142% Conti Can .... 56% 55% 56% 55'% Crosley 16% 16% 16% 17 ConßOieum .... 16% 16% 16% 16% Curtiss W 7% 7V. 7% 7% Davidson Ohem.. .. ... ... 32 Dupont 117% 116% 116':- 118 Famous Players 59% 58% 58'* 59 Gen Asphalt.... 52* 58% 52% 2 * Fox tAt 30% 20 V, 29% 20% Gold Dust 43% 44% 44% 45 GUdden 34% 34% 34% 34% Int Harvester... 88V. 38 88% 87% Kelvinator 10 10 10 10 Lambert 103 101% 103 103% Loews 58 57% 57% 57% Mav Stores .... 55 55 65 56% Holster 2% 2% 2% 2'% Mo lit com Ward 43 40% 42% 44 V. Natl C R 78% 77% 78% 77% Radio Keith 38% 27% 28% 27% Radio Corp 38% 37% 37% 38% Real Silk 51 50% 51 50 Rem Rand 32% 31% 31% 31% Sears-Roebuck .. 89';: 86% 89% 87% Union Carbide.. 85% 84% 84% 85 Warner 8r05... 51 Vi 50% 51% 50 Vi Un Air Craft... 51% 50% 51% 50% Univ Pipe 4% U S Cs Ir Pipe 23% 23% 23% 23% U S Indus Alco 119% 119 119% 120% Worthington Pu ... 72% Woolworfh C 0... 69 69. 69 69% Utilities— Am Tel A Te1...224% 223% 224% 222% Am Pr A Lt 85 84% 84% 85% Eng Pub Serv.. 45% 45% 45% 45% Am For Power.. 95% 94% 95% 94', Am Wat Wks... 94 93% 93% 93% Gen Pub Serv.. 36% 35% 36% 36% Col G A E . 82% 81% 82% 81% Consol Gas 108% 107% 108% 108 Elec Pow A Lt. 58% 57% 58 58 Int T A T 71% 70% 71% 71 Nor Am Cos 98% 90% 90% 98% Pac Light 83% 83% 83% 33 Pub Serv N J... 87% 86% 87% 87% So Ca! Edison. 60% 58% 60 * 58 Std Gas A E1...117% 116% 117% 116% United Corp 34% 33% 34% 34 Utilities Power.. 34% 33% 33% 33% United G A Imp 37% 37 37% 37% West Union Tel 268% 206% 207% 205 Shipping— Am Inti Corp.. 39% 39 39% 39% Am Ship A Com 1% 1% I’. 2 Ati Gulf A W I 76’, 76 76% . . Int! Mer M pfd 23% 29% 29% 29 United Fruit ..104% 104% 104’. 104 Foods— Am Sug Rfg... 63 62% 63 63 Cudahv 45'- 45% *5% 45% Beechnut Pkg. 69% 69% 69% 69% California Pkg 68 <lB 63 Canada Drv.... 69 69 69 ... Corn Products.. 95% 94% 95 Cont Bsk A 44% 42% 44% 42%

On Commission Row

FRCTTB Apple*—Delicious, box extra tancv. $3.75; choice. $282 25: Jonathans. 32.75: Crimes Golden $3.50: New York Duchess. $2,253 2 50: Gravensteln. $3; Wolf River. $2 50: Stavmen box. $333.25 Cranberries—s 4 a 25-lb. box: $9.85 a 50-Ib. box. Grapefruit—Florida $4.50 8 5. Grapes—California. seedless. $3.50 a crate: Emperor $2.5032.75 a crate. Lemons—California, a crate, SB. Limes —Jamsrla. $2.5033. Oranges—California Valencia. 54.5088 50 Strawberries—6oc a quart. Tangerines—s3 50 a crate VEGETABLES 3 *a’is—Florida. $4.?5tj5 a hamper Beets—Texss. WO a crate Carrots —California, crate. $3.50 Cabbages—33.so a barrel. Celerv—Michigan. 90c: Idaho $1.24 e dosei. bunches. Cauliflower—Colorado, crate. $2.50 Cucumbers—Florida, $6 a crate. Esgplane—s2.so a dceen. $6 a hamper. Kale—Spring, a bushel. 90c. Lettuce—California Iceberg $6 SO a crate-home-grown leaf a bushel. $1.65. Mustard—A bushel. $1 Onions—lndiana yellow, $3 35 a 100-lb bae: white. 50-!b bag. $1.75. Parslev—Southern, dor bunches. $1 Pees—California $5.50 s hamper Peooers—Flor da $7 e erste Potato** wp-onsin and Mlnr.tsots * e 74. }'■■■■' r 0 s ISO--o l:sv Rrd Pl"er O’ o: 120 lb . tZ 90 lc 1.0 F eU t Radishes—Be ton. bo- ouse crer fOc southern, long red. 154x35c dozen. 6weet ootatne*—lndiana Jersey, 9? M> a bushel: No 7 81,61 a bushel Nancy Halls. $1.71 a hamper. Tomatoes—California S a bate hot*

Borden #6% 66 66 % 66% Cuban Am Sug.. .. ... ... 8 Grand Union.. 17% 16% 17 16% Grand Union pfd 40% 40% 40% 40 Jewel Tea 467. Kraft Cheese... 4i% 44% 44V. 44% Kroger ........ 46 45% 46 46 Loove-Wlles ... 59% 587. 59 59 Natl Biscuit 198 V. 196 196% 195% Nat! Dairy 49 48 48 48% Purity Bak 84% 83% 847* 83% Taft 374 3% 3% 3% Stand Brands.. 27% 27% 27% 27% Ward Baking B 6% 6V. 6% 6% Tobacco*— Am Sumtra ... £2 Am Tob B 224% 222 222 221 Con Cigars 533. 53% 53% 52% General Cigar.. 53 52 52 52% Lie A Meyers.. .. ... ... .... Lorillard 25% 24% 24% 24% R J Reynolds.. 54% 54 54 54 Tom Products B 5 7 / 5% 574 SV. United Cigar St 7% 7% 7% 7% Schulte Ret Sirs 11% 11 11 12% STEEL AND CAR TRADE REPORT IS ENCOURAGING No Artificial Stimuli Seen in Growing Activity of Both Businesses. BY RICHARD L. GRIDLEY United Press Financial Editor NEW YORK, Jan. 27.—With retail trade somewhat restricted by extremely cold weather, attention of the business world was turned this week to a series of highly constructive reports from the steel and automobile industries and from government officials. President Hoover, who has been keeping in close touch with the business situation since the series of ‘“prosperity conferences” at the White House last November, stated that employment was decreasing, while the national business survey conference saw evidence of growing activity in general business with no artificial stimuli needed. Exceeds Expectations Two of the largest automobile manufacturers in the country reported heavy activity during the first several weeks of this year, while officials of the second and third largest steel companies said that business has been improving more rapidly than had been anticipated. In addition to these developments, Bethlehem Steel Corporation reported record earnings i during 1929 with the last quarter | excellent. ; Operations in the steel industry during the past week show further substantial improvement, rising to around 73 per cent of capacity following further heavy demand for construction and automobile specifications. Unfilled orders in the industry also are said to be increasing. Trade reports from various sections of the country were somewhat mixed, although most sections reported continued improvement in various lines of business. Noted in Auto Trade Trade revival is most marked m the automobile industry. Officials of Chevrolet stated that the company would sell more cars than the 86.178 car record of January, 1929, while Dodge reported gains of 33 to 100 per cent in production of its various models. Ford has rehired thousands of men in the past few weeks. Reports of corporation earnings for the fourth quarter of 1929, which reflects the extent of the business recession occasioned by the stock market break, are showing excellent comparisons with the same quarter of last year. Bethlehem Steel’s profits in the fourth quarter roughly were 40 per cent above the same period of 1928 and somewhat similar reports are being made public by other'leading companies. Next wees. General Motors is expected to report comparatively good results for that period, while the United States Steel reoprt, which also is due next week, will show a new high record profit, according to Wall Street estimate.

Produce Markets

Eggs (countn- rum—Loss off delivered in Indianapolis, 35c; henery Quality. No. 1 42c: No. 2. 32c; No. 3.28 c. Poultry (buying pneest—Hens weighing 5 lbs or over .24c: under 4 lbs., 21c: Leghorn hens. 18c: springers. 5 lbs. or over 22c under 5 ibs.. 20c: spring Leghorns. 15c: stags. 14c: cocks. 14c; capons. B*w lbs. or over. 28c: capons, TVs 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, auoted bv Kmgan & Cos Butter (Wholesale)—No. 1, 37@38c; No. 2, 35(36c, Butterfat—37c. Cheese (wnoiesaie selling price per pound)—American loaf, 35c: pimento loaf. 37c; Wisconsin firsts. 27c: Longhorns. 27c; New York limberger. 30c. Bit T’nitcd Prrxt NEW YORK. Jan. 27.—Flour—Quiet and steady; spring patents. $6.20ft6.<0. Pork —Dull; mess. $28.50. Lard—Steady; middle west spoc, slo.9o'gU. Tallow—Quiet: special to extra, 7 1 4#7'< ! c. Potatoes —Quiet and steady: Long Island, *386.50 barrel: Maine, $4.25 >i 5.50 barrel; Bermuda. slo® 12 barrel. Sweet potatoes—Easy; Southern baskets, $1,254} 1.175: Jersey. 50cfi52.50 basket. Dressed poultry—Quiet and firm; ■ turkeys, 26 .if 43c: capons, 28 0 44c; fowls, 18‘f?34c; ducks. Long Island. 238 26c: Live poultry Steady to firm: geese. 13524 c: ducks, 145 25c; fowls, 31@33c: turkeys. 200’ 40c: roosters, 19© 20c; chickens, 24(832c; capons, 27840 c: broilers. 25® 35c. Cheese —Steadv; state whole milk, fanev to special, 24© 26c; young Americas, 2lyz@244bc. 6t/ T'nilfd Pre*x CHICAGO. Jan. 27.—Eggs—Market, easy and unsettled: receipts. 5.382 case** extra firsts. 36‘ac; firsts, 35®35’2C: ordinaries, 32(t/34c; seconds, 31c. Butter—Market, firm; receipts. 8,625 tubs: extras. 36*20; extra firsts. 35 s2'B 36c; firsts. 35*2@36c: seconds. 31832 c; standard. 36>ic. Poultry—Market, firm; receipts 1 car in; 1 due; fowls. 26c; springers, 25c; Leghorns. 23c: ducks. 20c; geese, 18c; turkeys, 25c; roosters. 18c broilers. 30832 c. CheeseTwins, 196® 19*40! young Americas, 21c. Potatoes—On track. 275; arrivals. 150: shipment*. 954: market, about steady, trading fair; Wlseorsin sacked Round Whites, $3.55472.65, a few $2.70: Minnesota sacked Round Whites, a few sales at $2.45; Idaho sacked Russets. $3.1083.35. Bv Vnitrd Prrsg CINCINNATI. Ohio, Jan. 27.—Butter, steadv; creamery in tub lots according to -core. 35© 36c: common score discounted. 2© 3c: packiue stock No 1. 22< No. 2. 18c: No. 3.13 c: bimter fat. S3'- 35c. Eggs —6 e dv: eases ’r.cluded: Fresh gathered. 36’;c: firsts. 35 ; ;c: seconds. 34'jc: nearbv ungreded, 35 l 2C. Live pouKrv—Thin and coarse stock sells onlv at heavy discount: fowls. 5 lbs. and over 27c; 4 lbs. and over. 37c; 3 ibs. and over, 25c: Leghorns, 3 lbs. and over, 22c; roosters, 17c: stags, 20c: capons, 8 lbs. and over, S2c; under 8 lbs.. 28c; slips, 21e; fryers color, over 3 lbs.. 29c: 2 lbs. and over. 30c: broilers, l*b lbs. and over, 32c: Leghorn broilers, i*i lbs. and over. 35c: roasting chickens. 4 lbs. and over. 28c: Leghorns and Orpingtqr. fryers. 2 lbs. and over, 20e; black springers. 20c. Hit nitftl m i-** C .r’.'FLAND J-"!. 27. Buiier—Extra*. 40c- e r> L's'i. "s‘,i3S'cc; econds. !1< : ’3c ILv s- -Exi'i 41'jc; firsts. 39 1 -c. [ Pot ltry—Fc ViS. 20©‘3c: rwedium, 28c; Leghorn. 24c; heavy springers, 21c; Leghorn springers. SOet ducts, 20(g25c; old cocl:'. 118 c; geese. lfS2oo PoUtoee—Ohio and New York. $4.50 per 150-lb. cack; Maine Green Mt„ $3.7593.65 per 120-lb. sack; - f-i *■ • ** m 7 efi tv - -v

THE INDIANAPOLIS TIMES

PORKERS OFF 25 CENTS AT LOCAL YARDS - Cattle Open Slow With All Indications Pointing to Lower Market. Jan. Bulk. Top. Receipts. 20. *[email protected] *10.60 5.000 21. 10.10 10.35 10,000 22. 10.10® 10.35 10.35 8.000 23. 10.104} 10.35 10.35 4.000 24. 10.104/10.35 10.80 6.000 25. 10.704} 10.70 70.75 4,500 27. [email protected] 10.50 6.000 Hogs dropped 15 to 25 cents today at the Union stockyards. The bulk, 140 to 275 pounds, sold at $10.15 to $10.50. Top price was $10.50. Receipts were 6,000; holdovers, 231. The cattle market opened slow with indications pointing to a lower trend. Receipts were 550. Vealers were steady, selling at sl7 down. Sheep receipts were 200, market steady. Top lambs were sl3. Chicago hog receipts were 90.000. including 40,000 direct. Holdovers were 1,000. Prices were asked steady with Saturday’s average, bids were 10 to 15 cents lower. Choice 180 to 210-pounders brought $lO.lO to $10.15; 230-pound averages brought $lO.lO. Bids for 240pounders were $lO. Cattle receipts were 16,000: sheep, 18,000. —Hon* — Receipts, 6,000; market, lower. Heavies. 300 lbs. up * 9.25® 9.75 250-300 lbs 9.90<& 10.15 Med. wts.. 225-250 lbs 10.30 200-225 lbs 10-40 Light wts.. 160-200 lbs 10.50 Light Its.. 130-160 lbs [email protected] Slaughter pigs, 90-130 lbs 9.00® 9.75 Packing sows 7.75® 8.i5 -CattleReceipts. 550; market, lower. Beef steers. 1,100-1,500 lbs. good and choice sl2 Common and medium [email protected] Beef steers. 1.100 lbs. down. good and choice 12.25® 15.50 Common and medulm 9.50®12.25 Heifers. 350 lbs. down, good and , Choice [email protected] Common and medium 12.00 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 6.75® 8.75 —Veals— Receipts. 200; market, steady. Medium and choice [email protected] Cull and common [email protected] —Sheep— Receipts. 200; market, lower. Lambs, good and choice 004? 13.00 Common and medium 900ff12.00 Ewes, medium to choici 4.504; 6.50 Cull and common 2.00® 4.50 Other Livestock Bv United Press ' CHICAGO. Jan. 27. Hogs—Receipts, 90,000. including 40.000 direct; market, steady to 10c lower; top. 810.30; bulk. 160-230-lb. weights. $10.10% 10.25; 240-380-lb. weights, [email protected]; 314-lb. averages. $9.75; butchers, medium to choice. 250350 lbs., $9,404/10.15: 200-250 lbs.. $9,904;' 10.30; 160-200 ibs.. $lO4/ 10.30; 130-160 lbs.. $9,504; 10.30; packing sows. $8,104/9; pigs medium to emoice, 90-130 lbs., $94/10.15 Cattle—Receipts, 16,000; calves, 3,000; market, slow on ali classes except bulls; scarce supply of fat steers good enough for shipper's" trade; others tending down; she stock in liberal supply; sluggish market due to week-end; slaughter classes, steers, good and choice, 1300-1500 lbs., $12,254/ 15.50; 1100-1300 lbs.. $12,354/ 16; 950-1100 lbs.. 512.504/U6.25: common and medium. 850 lbs. un. $8.95® 12.50: fed yearlings, good atid choice. 750-950 lbs., $12.754116.75; heifers, good and choice, 850 lbs. down. 812.50(8:18; common and medium, $7,754/ 12.50; cows, good and choice. 8.254M0.50: common and medium, $6,754/8.25; low cutter and cutter. $5,254$ 6.75; bulls, good and choice, beef, $9.5041’ 10: cutter to medium, $7.50®9.85; vealers. milk fed. good and choice, $12,754x16.75; medium. $10.5041.12.75; cull and common, $7,504/ 10.50: stockers and feeder steers, good and choice all weights. [email protected]; common and medium, [email protected]. Sheep —Receipts. 18.000; market, slow around steady; earlv bulk fat lambs, $12.75®T3; best 'held toward $13.50: fat ewes, quotably steady, around $7; feeding lambs, nominal: lambs, good and choice. 92 lbs. do—n. $12,504/ 13.50; medium. $11,504/12.50: cull and common. slo® 11: ewes, medium to choice. 150 lbs.. $5.50®7.35; cull end common. $34/5.75; feeder, good and choice. $11.50® 12.65. Bv United Pres* _ „ TOLEDO. Jan. 27.—Hogs—Receipts, 700 market. 20®30c lower; heavies, $9.25® 9.50: mediums. $lO4/10.15: yorkers. slo® 10.10: pigs. slo®lo.lo. Cattle—Receipts, 100; market, steady; calves, receipts, light; market, 25c lower. Sheep and lambs — Receipts, light; market, steady. Bv Vtilted Press „ _ , . CINCINNATI, Jan. 27—Hogs—Receipts. 2.750: holdovers. 595; slow: mostly 104/’ 15c ’owes: bulk good and choice. 16C to "to ’ t’O.gO: several loads 170 to 200 r, rs„ $10.65: around 250-pound - . $10.25: des ! rable 120 to 160 lbs. v 1 c mostly $10.25: less desirable. $10; bu”; so s. $7,754/8; smooth finished. $8.25. Cat*if—Receipts. 1.275; calves. 200; slow; desirable yearling steers scaling around 1.000 pounds or less steady; under grades neglected 25c or more lower; heifers unevenly weak to 25c lower; spots. 50c lower; undergrades off most; cows and bulls steady: odd head good around 600-pound yearlings, [email protected]: desirable 600 to 750pound heifers. $114012; common and heavy kind, down to $8; best, around 900 to 1.000 steers. $12,504/ 12.75; beef cows. $7®8.50; few. $9; low cutters and cutters, $5.50® 6.75; bulls, $9.25 down; vealers steady: top $17.50. Sheep—Receipts, 100; steady; bulk desirable lambs. sl3 down; choice lightweights. $13.25: throwouts and bucks. s9@ 10.50; good light ewes. $5.50. Bv United Press CLEVELAND. Jan. 27.—Hogs—Receipts. 4,500: holdovers. 48; mostly 15@25c lower; 150-250 lbs., mostly $10.60; bulk pigs, $lO 50- load 316 lbs., $10; rough sows. $8.25; stags. $6.25. Calves—Receipts. 800; vealers. 50c lower; better grades, $174/: 17.50; top. $18; common and medium. sl3® 15 50; culls downward to $lO and under. Sheep—Receipts. 2.200; mostly steady; bulk better grade lambs. [email protected]; strictly choice quoted $13.50; fat ewes, $64x7. B,v Times Special LOUISVILLE, Jan., 27.—Hogs—Receipts I, market, 10c lower; 250 lbs. up, $9.80; 160-250 lbs., $10.40; 130-165 'bs., $9.80; 130 lbs. down, $8.65; roughs, $7.80; stags', $7.20. Cattle—Receipts. 800; market, steers slow, others steady; prime heavy steers. $11.504X13; heavy shipping steers. $10®! 1150: medium and plain steers, $8,504/ 10; fat heifers, SB4/12.50; good to choice cows. $74/9; medium to good cows. $5,504X7; cutters. $547 5.50; canners, $3,504; 4.50; bulls. $64X9.50; feeders. SB4/10.50; .stockers. $7,504X10.50; calf receipts. 800; market, steady: tops, sls; good to choice, sl2® 15; medium to good. s9® II- outs, $9“ down. Sheep receipts 50; market, steady; ewes j and wethers. $12,504X13; buck lambs, $11.50 i® 12: seconds. $64x9: sheep SSW 6. Satur- , day's and Sunday’s shipments—Cattle, ; none; calves. 171; nogs, 141; sheep, none. ; Bv United Press Fz’ST BUFFALO. N Y„ Jan. 27 Hogs I —R* -eipts, 6.60 C; holdovers. 400; fair, ac--1 five to all interests: generally 15@25<: be- ; low Saturday's average bulk 120-210 lbs.. $lO 35: 230-260 lbs.. $10.504?10.75: packing sows. $8.50®9. Cattle—Receipts. 1.250; fed steer? and yearlings steady; not much quality in yearling run; 1.250-1.325-lb. steers. $12.50 a 13.25' good yearlings. $13.25 4/13.75; medium and short feds. $11,504/ 13.25; common steers ar.d heifers. $9.50 ! 11. SO; cutter cows, $4 [email protected]. Receipts, 1.100; vealers 50c higher; $18.50 down. Sheep—Receipts. 6,400; holdovers. 9CO, lambs fairly active and steady to mostly 25c higher; good to choice. 90 lbs. down. sl3 25® 13.5C5 few $13.75: medium and strong weights. [email protected]; yearling wethers, *l2 S 12.50; fat ewes, [email protected]. Bit United Press FT WAYNE Ind.. Jan. 27—Cattle—Receipts. 75: calves. 50; hogs. 500: sheep. 50; market, 15® 25c oS: 120 lbs. down. $9.35: 120-140 lbs.. $9.60: MO-160 lbs.. $10; 160200 lbs.. *lO 20; 200-225 lbs.. $10.05; 22525 :-s . $9.85; 250-300 ibs.. $9.65; 300-350 lb* . $9.35; roughs. $7.75; stags. $6; calves, $1 o. 50; lambs, sl2. Bu United Press TOLEDO Jac. 27.—Hogs—Receipts. 700. market 20@S0c lower; heavie*. 9.254X9.50; mediums. *10@10T5; Yorkers. *lO4llO 10; pigs. ([email protected]. Cattle—Receipts. 100; market steady. Calves—Receipts, light: market. 25c lower. Sheep and lambs—Receipts. light; market steady. Bu United Press nrSBURGH, Jan. 27—Hogs—Receipts, 3.500; market. 20c lower: pigs and packing sows. Steady; 150-230 lbs.. $10.85® 10.90; 240-300 lbs., $10.40® 10.70: 100-125 lbs., sows. $8®6.75. Cattle —Receipts. 700; market, stead- to 25c low* r; bulk steers and vee-' 'a. *lo4} 12.75; good 1,290-!b. ste- $15.25; fat cows, [email protected]; few -.*ers. sß6ll-50; bulls, sß® 10; calves, zeceipts, 550; mark**, steady with earlv Saturday; top vealers, $18.50. Sheep—Receipts. 8.850; market, weak to 25c low; bulk luak $11613.50;

Business — and — Finance

Directors of the New Haven Clock Company have declared the regular quarterly dividend of $1.62% per share on the preferred stock, payable Feb. 1. to stockholders of record Jan. 23. MINNEAPOLIS, Jan. 27.—Mortgage loans of the monthly pay-off type funded by Investors Syndicate on homes In twenty-five cities of the United States and Canada increased *5,527,410.00 during 1929, according to a statement Issued today by H. W. Berg, vice-president of the organization. Loans as of Dec. 31, 1929, totaled $27,073,712.11. compared with *21,546,302.10 as of Dee. 31, 1928. These figures represent mortgages on 8,316 pieces of residence property, with an average balance due on each mortgage of $3,179.90. The Anglo-Chllean Product is currently selling at $2.22% per 100 pounds, excesses New York, against $2.14 for the ordinary nitrate. The Anglo-Chllean product is packed in paper lined 100-pound bags, whereas other Chilean producers continue to use the 200 to 220 bags. Inasmuch as the unit of trading in nitrate is 100 pounds, the smaller package is much preferred In trade circles. The board of governors of the New York Hide Exchange announce the election to membership of Benjamin Gross, of B. Gross & Cos. Inc., Chicago; Max Weinfeld of New York, and Bruce S. Lachlan Jr. of Andresen-Stern, Inc., also of New York. Corporation privileges have been granted the Andean Trading Company. Expenditure of $353,000 for improvements at the Fairfax Airport in Kansas Citv during 1930, has Just been authorized, according to A. E. Faulkner, chatrman of the executive committee. Prospects for crude rubber consumption during 1930 are brighter in countries outside the United States, according to the rubber exchange. It is expected that American consumption will be 432.000 tons this year and that the rest of the world wlii use more than the 335,000 tons absorbed in 1929. Captain E. L. Curtis, former Airways extension superintendent of the Airways division. United States Department of Commerce, has been named chief engineer of the service division of the aviation department of the Richfield Oil Company, according to C. B. Garretson, vice-president. The American steel industry Is assuming preatlv increased importance in the world markets as a result of expanded activities in the export field, according to W. C. Prendergast, export manager of the Central Alloy Steel Corporation, Massillon, O. Prendergast has just returned from an extended trip in South America and Europe. American Silk Mills, Incorporated, of New York, and the Nolde & Horst Cos.. Reading, Pa., have been granted corporation privileges on the National Raw Silk Exchange. As of Jan. 1. 1930, the Jewel Tea Cos.. Inc. has entered Into a management, contract with the officers and directors of the Club Aluminum Utensil Company, and will provide the executive management for that company for the succeeding three years. While Jewel will use its best judgment and efforts to further the interests and profits of club, it does not assume responsibility, either directly or indirectly. for any of the debts, claims, contracts, obligations, or liabilities of the Club aluminum Utensil Cos., its subsidiaries or successors. FAMSIIVEN CHOP WARNING Conservative Production Is Urged for Year. Bu United Press WASHINGTON. Jan. 27.—Faxmers of the country are urged to follow a “rather conservative production policy” during 1930, in a warning issued by the agricultural department here today. A complete “outlook report,” published by the department, declares the agricultural outlook for the year shows need for further adjustments. It urges fanners to retrench in their 1930 plantings. After conferences with representatives of agricultural colleges and extension services of forty-five states, officials of the department said indications were that crop yields in 1930 would be larger than in 1929. but that the income from products does not appear likely to exceed last year’s. “Farmers must plan their production this year particularly in view of the outlook for prices of such products during the next marketing season and adjust expenditures carefully to maintain farm incomes,” the statement said. “The domestic market may improve later in the year, but it is unlikely the demand for farm products in the summer and fall of 1930 will be as good as during last summer and fall. The demand for some farm products already has been affected by the decline in industrial activity since last June. Butter, cotton and wool have been noticeably affected, and apples, potatoes and grains have failed thus far to make the usual seasonal price advances. “A somewhat larger supply of labor for farm work will be available, probably at slightly lower wages, during the first half of the year.” Births Boys Mack and May Scarbrough, .’436 South East. John and Irene Banks, 5129 Brookville road. Leo and Irene Anderson, 1 Coleman hospital. Green and Opsle Morris. Coleman hospital. Orville and Ola Stlenwav, Coleman hospital. P. A. and Josephine Thompson, Coleman hospital. Charles and Lucile S'evens, 1618 East Le Grand. John and Cuma Lawrence, city hospital. Leslie and Frances Albertson, city hospital. Delvin and Stella Warren, city hospital. Charles and Frankie Smith, city hospital. John and Gertrude Kapas. city hospital. Robert and Ethel Haynes, city hospitaL Girls Glenn and Hazel Richardson, 2222 Miller. Harmon and Meriene Pullen. 126 Berry. Michael and Doris Daly. 623 Arbor. Earl and Gladys Deal. 2104 Langley. Hollen and Jessie Pruitt, Coleman hospital. Lewis and Merle Cook, ettv hospital. Raymond and Georgia Young, city hospital. Earl and Olga Moon, city hosnital. Cecil and Dorothy Boots, citv hospital. Paul and Kathleen Johnson, city hosnital. Deaths Ella Ruth Shreve. 69. Long hospital, carcinoma. Josephine Emma Duerson. 8 mo.. 926 West Twenty-seventh, broncho pneumonia. Dora E. Kelley. 41. 136 North East, chronic myocarditis. Stephen R. Bwarthout, 31. 1125 Parker. chronic myocarditis. Daisy N. Amthor. 52. 655 East Twentyfourth. acute dilatation of heart. Elizabeth Pierce. 71. 1437 Williams, uremia. Helen Ritchie. 62. 3849 North Capitol, mitral inaufficieney. Charles Miller. 61. *43 Eastern, hypostatic pneumonia. Earvin Pste. 41. 1240 Udell, chronic myocarditis. * Herman Huth, 38. 1*53 North Emerson. pulmonary tuberculosis. _ Dora M. Darts, 46. St. Vincent's ho*■ '*** "

WEAK CABLES CAUSE WHEAT TO OPEN DOWN Interest in Corn Lacking on Account of Small Demand. Bv United Press CHICAGO. Jan. 27. Wheat opened lower on the Board of Trade today due to the continued decline in foreign markets and lack of world demand. Liverpool was considerably lower than expected and Buenos Aires was lower. Com declined due to expectations of a large movement from the country. Oats eased slightly. At the opening wheat was off 1 to 1% cent, corn was V* to cent lower, and oats was down H to la ß cent. Provisions were steady. Liverpool was IVi to I*2 cent lower late in the day due to poor world demand. Pressure of new Argentine wheat and generally favorable new crop prospects. Buenos Aires was I*4 to 1% cents off about midsession. Underlying conditions show little change and it is the belief that little improvement will appear until export demand shows a marked improvement. Speculative Interest in corn for future shipment is lagging as consumption in Europe is much below normal, due to the extensive use of cheap barley cake as a substitute for flour. Buenos Aires was down cent at mid-day. Reports of large shipments in oats late Saturday were unconfirmed this morning and oats sagged with the major grains to the lowest level for some time. Chicago Grain Table WHEAT— Prev. High. Low. 12:00. close. March 1.21 % 1.20% 1.21% 1.22% May 1.25% 1.25 1.25% 1.26% July 1.26% 1.26% 1.26% 1.28 CORN— March 87% .86% .86% .87% May 90% .90 .90$$ .91 July 93% .92% .92% .93% OATS— March 45% .45% .45% .45% May 47% .46% .46% .47% July 45% .45% .45% .45% R.YF 'r— March 93% .92 .92 .93% LARD— May 10.72 10.67 10.70 10.70 July 10.92 10.87 10.90 10.95 Bv Times Special CHICAGO. Jan. 27.—Carlots;. Wheat, 10; corn. 244; oats. 27: rye. 0, and barley. 11.

Indianapolis Stocks

—Jan. 27 — Bid. Ask. Amer Central Life Ins C0..1,000 Belt R R & S Yds co com.. 60Vi 84% Belt R, R & S Yds Cos pref... 55 60% Bobbs-Merrill Cos 29 38% Central Indiana Pow Cos pref.. 90% 95% Circle Theater Cos c0mm0n...104'% ... Citizens Gas Cos common .... 36 41 Citizens Gas Cos pref 94% 99 Commonwealth L Cos pf 8%.. 98 Commonwealth L Cos pf 7%.. 97 ... Hook Drug Cos common 44 Ind Hotel Cos Claypool com... 125 ... Indiana Hotel Cos pref 100 ... Indiana Service Corp pref ... 75 Indianapolis Gas Cos common. 56% 61% Indpls Power & Lt Cos pref.. 102 104 Indpls Pub Welf Loan As com 51 Indpls St Railway Cos pref. ... 27 30 Indianapolis Water Cos pref.. 96 Interstate Pub S Cos pr L pfd 99% 102 Interstate Pub Service Cos pfd. 88% 92 Metro Loan Cos 93% ... Northern Ind Pub S Cos pfd.. 94 100 Northern Ind Pub S Cos pfd. 102 105 Progress Laundry Cos common 45 E Raub & Sons Fer. Cos pfd.. 50 Rea! Silk Hosiery M, Inc. pfd 90 Shareholders Investors Cos ... 24 Standard Oil Cos of Ind 53 Terre Haute Trac & L Cos pfd 73 Union Title Cos common 35 50 Van Camp Prod Cos Ist pfd.. 98 Van Camp Prod Cos 2nd pfd 98 ... —BONDS— Belt R R &Stock Cos 4s 88 ... Central Indiana Gas Cos 55.. 97% ... Central Ind Power Cos 6s 98 Citizens Gas Cos 5s 101 102 Citizens Street Railroad 55.. 45 50 Gary St Ry Ist 5s 70 ... Home T & T of Ft Wavne 6s. 102 Ind Northern Trac Cos 5s ... 3 5 Ind Ry & Light Cos 5s 95 Indiana Service Corpn 5s .... 85 Indpls Power & Light Cos ss. 98 100 Indiana Union Trac Cos 5s ... 5 Indpls Col <fc So Trac 6s .... 95 100 Indianapolis Gas Cos 5s 98 100 | Indpls & Mart Rapid T Cos 5s 20 i Indpls No Trac Cos 5s 9 13 Indp's A- North Trac Cos 5s 20 Indpls Street Ry 4s 42% 46 [lndpls Trac <fc Ter Cos 5s .... 93% ... Indpls Union Rv 5s 100% ... Indpls Water Cos 6%s 100% 104 Indpls Water Cos 5s ..92 Indpls Water Cos lien & ref.. 92 Indpls Water Cos 4%s 91% ... Indpls Water W Sec Cos ss. 84 ... Interstate Pub Serv Cos 4%5. 81% Interstate Public Service Cos 5s 96 ... Interstate Pub Serv Cos B 6%5.101 ... No Ind Pub Serv Cos 5s 97% ... No Ind Telegraph Cos 6s 96 ... T H. Ind & East Trac Cos ss. 60 T H Trac & Light Cos 55.... 86 91 Union Trac of Ind Cos 6s 13 DECREASE SHOWN IN MAIL ORDER REPORT Montgomery Ward Statement Shows $5,000,000 Drop. Bit United Press CHICAGO. Jan. 27—A decrease of $5,000,000 in net profits during 1929 as compared with 1928, was shown , in the annual stockholders report of Montgomery Ward & Cos. today. Net profits in 1929 were listed at j $14,504,000, as compared with $19,i 571,000 the preceding year, while gross sales by mail order last year aggregated $166,677,000, nearly $5,000,000 less than 1928. Adoption ; by competitors of the prepayment | plan of all shipments to customers , was responsible for the fall off in ! mail order sales, George S. Everitt, president, said. The balance sheet showed the company’s cash reserve and loans : on call stood at $37,000,000 at the ' end of 1929, an increase of $13,000,000 : over the cash held the year before, j Dividends on class A and common : stock totaled $11,868,000, an in- ! crease of $4,000,000 over the 1928 dividends. 3 DIE IN HAWAII FLOOD Reservoir on Mountain Bursts; Buildings, Trees Destroyed. Bv United Press HONOLULU, Jan. 27. Three children were killed and two injured in floods in the Kona district, originating with a cloudburst starting Saturday night Rains swelled the reservoir near the Holuloa schoolhouse ‘until it burst, loosing a torrent which roared down the mountain side, laying waste everything In its pathThe Holualoa church was swept aside. Dozens of other buildings were wrecked. Many acres of coffee trees were destroyed. Bar Association Elects CRAWFORDSVILLE, Ind., Jan. 27.—Charles N. Johnston has been elected president of the Montgomery County Bar Association for 1930, and Bernard Foley re-elected n/.b—q pnr—r

The City in Brief

Miss Rose Hartley, 16, of 1625 IngTam street, suffered a fracture of one wrist when a sled on which she was coasting at the Coffin golf links overturned Sunday night. She was taken to St. Vincent’s hospital. The Mid-Continental Petroleum Company. Tulso, Okla., has leased a large tract at Yandes and Twentyfifth streets, Charles J. Gisler, president of the G. & J. Foundry and Pattern Works, and owners of the property, announced Saturday. The site will be used for establishment of a bulk filling station. Gisler said. The Universal Club’s stag party and smoker will be held Wednesday night at the Serman inn, Karl H. Thiesing. chairman of social committee, announced. Twenty-three naeum at 8:15 Tuesday night. Prs. J. J. Littell, C. P. Emerson, Alfred Henry and D. O. Kearby will appear on program of the Indianapolis Medical Society at the Athenaeum at 8:15 Tuesday ngiht. Under a suspended thirty-day sentence for passing a fraudulent check, George Redenbaugh, 33. of 511 North Illinois street, was arrested Sunday on a similar charge. He is alleged to have passed eight additional checks amounting to more than S2OO. District rallies for Boy Scout troops were held in the Garfield and Washington districts Saturday night. Troop 49 took first honors in the Garfield and Troop 58 won first place in the Washington district rally. Contests included knot tying, fire by friction, signaling, first aid and a hike pack event. The East New York Street Community League will meet at 8 p. m. Tuesday at the St. Matthews Lutheran church, at Oxford and New York streets. G. W. Sullev of Dayton, official of the National Cash Register Company. will speak at the Kiwanis Club luncheon Wednesday in the Claypool on “Modem Business Principles.” Four members will be initiated into the Alpha Sigma chapter of the Phi Mu Sinfonia national men’s musical fraternity at a dinner Tuesday night in the Columbia Club. They are: J. J. Albion, Leroy Decker, William Franklin and Pasquale Montani. The chapter is located at the Arthur Jordan Conservatory of Music.

Investment Trusts

Bid. Asked. —Jrh. 2 American Founders, new 27V* 28'4 Basic Industry Shares 8% 9 Corporate Trust Shares R% 9% Fixed Trust Shares A 201* ... Fixed Trust Shares B 17% Investment Trust of N Y 10\ 11% Leaders of Industry 10% 11% N American Trust Shares.... 9 9% Petroleum Trading Corp A... 20 25 Revbarn Cos 10 20 S W Strauss Inv Cp Units 52 58 Trustee Std Oil Share 11 11% U S Elec Lt & Pwr Sh A 38 42

Local Wagon Wheat

City grain elevators are paying $1.14 for No. 2 red wheat and sl.lO for No. 2 hard wheat. NEW YORK COFFEE RANGE —Jan. 25 High. Low. Close. January 7.75 7.75 7.75 March 8.76 8.68 8.68 Mav 8.35 8.18 8 13 July 8.17 8.00 8.00 September ;. 8.05 7.91 7.91 December 7.85 7.79 7.79 House Damaged by Fire Fire caused damage of SI,OOO at the home of D. S. Pruitt, 2251 North Dearborn street, Sunday night. The blaze started from an overheated furnace.

What Do You Know About CHIROPRACTIC? Headache a Danger Signal Do you look upon HEADACHE as merely an inconvenience? Do you take something to DEADEN the pain and feel secure in thinking that the condition has been corrected? Do you look upon headache as a disease in itself? It isn’t. It is a DANGER SIGNAL and should warn you that there is disturbance within the body which should be corrected. Do You Heed the Signal? You wouldn't think of ignoring the red light which warns the traveler of a dangerous railroad crossing. You wouldn’t throw a rock through the light and feel that you had done away with the danger. Yet tills is exactly what you do when you deaden the pain of headache and make no effort to correct its CAUSE. Your headaches may be the result of indigestion, constipation, abnormal kidney action, pelvic disturbance, high blood pressure, liver trouble and a host of other conditions which deserve your attention. The CAUSE of the headaches will be corrected if you are wise. It is worse than useless to simply deaden the pain and do nothing about its CAUSE. It is like destroying the red light that warns of danger at the railroad crossing. Surely your health is deserving of the same intelligent care you would give your automobile. Your Chiropractor is interested in you and your health. He specializes in locating CAUSE. He is interested in EFFECTS only for the information they may give him about the REAL UNDERLYING CONDITION. It is not his purpose to simply RELIEVE the headache. He is interested in locating and correcting its CAUSE, and when this is done the greatest of all doctors, “NATURE,” will restore health and cease to send out the warning signals. Dr. Harry K. Mcßroy Dr. Chas. Rowe 604 State Life Bldgr. LI. 6763 1206 S. Meridian St. DB. 4B Dr. W. H. Gwynn Dr. Gertrude Hinshaw 2856 E. Wash. St. CH. 4949 6335 Bellefontalne SL HU. 6360 Dr. Wm. C. Ellery Dr. Charles W. Sharp 908 Odd Fellow Bldg. BL 7941 3322 E. 10th Kt. CH. 7885 Dr. W. E. Houston Dr. C. A. Beck 627 K* of P. Bldg. RI. 5823 2409 St. CH. mi Dr, Frank Wright Dr. J. N. Firth 603 Occidental Bldg. RI. 9757 518 N. Delaware St. Rt 2441 _ a* ■ ArHi iii■

PAGE 11

STOCK MARKET SHOWS STRONG UPWARD TREND Substantial Gains Recorded at Close of Trading ’ Saturday. Bu United Pr< /> NEW YORK. Jan. 27 —Under the leadership of United States Steel common stock, the stock market Saturday wound up a week of substantial gains with a real spurt of strength. j, Auburn auto furnished firework® in the final session with a gain of 26 points from the Friday close. The entire market dosed the week strong and active, sales exceeding any week so far this year and the industrial and railroad averages reaching new 1930 records. Each successive day saw an in* crease in volume of trading and the averages also advanced consistently until the street came to the conclusion that the market had turned the corner and was definitely headed upward. Tobaccos Gain Steel stocks led on excellent reports from the industry; Motors were better on talk of increased pro-, duction: Harvester shares rose when it was learned that prospects were good for heavier sales this year; Tobaccos continued to gain as thd clouds were lifting on the cigarget war; Amusements were more active and strong. In the Saturday session demand was uncovered tor motor equipments with Murray Corporation featuring in activity and strength. Oils also perked up on news of further efforts to curtail output. Food shares whiclj gradually had been gathering momentum earlier in the week came to fore under the leadership of General Foods. Fox Film Strong Fox Film A furnished a sensation Thursday when shorts took fright and cleaned out their commitments, Their buying brought the stock up. more than eleven points for the session. During the period ol the raid against the bears, attorneys for the various Fox factions were discussing methods ol straightening out the company’s affairs. Today cause must be shown why a receivership should not be appointed. The outcome is eagerly awaited by the Street, which expects an amicable, settlement without receivership. ’ Employment Better i Bullish news for the week included call money ruling at 4 per cent and closing the week at that figure; a reduction of $24,000,000 in brokerage loans; increased car loadings; decreased oil production; better copper orders from the automobile trade; optimistic steel reports; ar( estimate that United States Stecf will De at 100 per cent of capacity in six weeks and record earnings for Bethlehem Steel. In adition President Hoover an-, nounced that employment was on the increase and a session of the business conference with the president reported industry running normal and without need of any artificial stimulant. Kcwanna Bank Closes Bu r Pil'd Press n KEWANNA. Ind., Jan. 27.—The Kewanna State bank failed to open today. Frozen assets, caused by shrinkage of loan values and values of farm products, was given as the reason. The bank was capitalized at $25,000. D. W. Seibert is president,