Indianapolis Times, Volume 41, Number 226, Indianapolis, Marion County, 30 January 1930 — Page 12

PAGE 12

STOCKS RETAIN STRONG TREND OF WEDNESDAY United States Steel Leader in Active Turnover; Sales Heavy.

Average Stock Prices

Average of thirty Industrials for Wednesday was 362 I*. up 4 28: average of twenty rails was 148.71. :p 43 Average of twenty utilities was 90 S3, up 78. Average of forty bonds was 93 47. off .03. Hu V nit e/1 press NEW YORK. Jan. 30.-The bull movement that developed wide proportions Wednesday and sent the Industrial average to anew high for the year continued in the early trading on the Stock Exchange today. In active turnover United States Steel moved up % to 182%: SearsRoebuck, 4t; to 99Vi, and Westinghouse Electric IV4 to 156%. Other leaders made smaller gains. Nearly every issue on the board moved higher. Union Carbine, an exception, lost a point to 87% and fractional declines were made by some of the amusements. Genera! Motors opened 6,000 shares at 41%. up %. and other motor shares ruled firm. Hudson rose a point to 8. Mack Trucks % to 76%, Whit* Yellow Truck held steady at 18%. American Can rose % to 129% on 1,500 shares and other Industrial leaders followed. Steel bettered Its Initial price In the early trading. Its strength stimulating further buying activity. The small traders were again entering the market and their buying Increased the volume of business.

Banks and Exchange

INDIANAPOLIS STATEMENT Tndianpolls bank clearings Thursday Jgn. JO, 13,196,000; debits, $5,640,000. NEW TORR STATEMENT W*/ United I‘rett NEW YORK, Jan 30.—Bank clearings, $1,113,000,000; clearing house balance, $141,000,000 federal reserve bank credit balance. $123,000,000. TREASURE STATEMENT Ru United Prre* WASHINGTON. Jan. 30.—Treasury net balance on Jan. 78 was, *101,062.338 77; customs receipts for the month to that date, $36,228.536 58, expenditures on that date. $5,923,968 17. CHICAGO STATEMENTS Rv United Free* CHICAGO. Jan. 30 -Bank clearing*. $86,500,000; balances. *9.800.000.

In the Stock Market

(By Thomson <te McKinnon) NKW YORK, Jan. 30.—One cf the most encouraging things in the present upward movement in security prices is the absence of other than actual trade improvement as a reason for the revival of confidence. Sound basic business fundamentals alone have changed the entire financial picture Neither reduced rediscount rates nor other stimulation has been necessary to bring home to investors the attractive opportunities available. Os course tne amazing improvement in tile steel industry is the outstanding trade development, and a fairly reliable indication of what we may j expect from other industries as we | approach spring. Judging by steel orders placed by the motor companies. we should also be favored with decided improvement in the automobile industry. Thus far these shares have been lagging in spite of the low ratio of selling price to indicated earnings. We are inclined to look for the motor shares to be the next to attract both speculative and investment purchases, and I recommend this group as meriting careful consideration. We feel j that the markets technical position : has not been materially impaired by the recent advance, and that such reactions as may develop from time to time will be both moderate and short lived. Births Girt* Cornelius nd Marguerite Weaver. sl4 Woodlawn. .... Thomas and Edith Price. 1970 Ludlow. Herman and Abigail Zeven. St. Vincent's hospital. Leo and Mary Hemelgam. St. Vincert's *vflU?am and Clars Otltz. St. Vincent's hospital. Harold and Dorothy Long. Methodist hospital. Otto and Len tie Heuta. Methodist hospital. Edward and Aileen Grimes, 1424 North Alabama. Marvin and Lillie Wilson. 1226 Nordvke. , Louis and Julia Thomas. 342 North Cali- | fbmla. Bovs Herbert and Ftarrnce Blats. Hsrikmin At*. and Royal road Hartman and Frances Miller. St. Vmeent's hospital. . _ ... „ Car! and Writha Hudson. St. Vincent s in cl Helen Moore. St. Vincent's and Bertha Hale. 2702 Keystone. Alonso Bnd Nellie Walker. Methodist hosand Oretchan Rathz, Methodist b< paufand Teresa Cave. 39 North Tacoma Lemuel and Helen Miller. 3444 East Twenty-sixth. _____ Deaths Mabel Llmme. 62. Long hospital, endoWinifred Clarw. 4 d.’.vs. Riley hospital, lntracramah hemorrhage. fila Mav Kines'd. 53. 34 East Ravmord. chronic myocarditis. Susie Wlllet, 4.5. 847 Paca. broncho pneaAnderson. 23. 421 Blake, lobar *Lowe°?Eugcle Scott. 7. citv host'ltal. dia--1 E * Mann. 55. 722 Nor. t Delaware, “jilm'carwin Moore. 6. Riley hospital. * e Al>n*Eol’ r 42. 526 Fulton, acut* cardiac * Mahiu' A Leggett, 73. 944 Bdgemoot. gastro enteritis. LAWLER FUNERAL TO . BE HELD AT CHURCH Retired Railroader Served 46 Yearn With Big Four. Funeral services will be held at 10 a. m. Friday in St. Joan of Arc Roman Catholic church for Thomas James Lawler. 74. retired Big Four railroad conductor, who died Wednesday at the home of his son, Robert T. Lawler. 6192 Burlington •venue. Mr. Lawler was employed by the railroad forty-six years, and was retired in 1925. Death came after four months’ illness. Surviving him. besides the son. are a daughter. Mrs. Leo Rassow. Indianapolis; a brother. James Lawler. St. Louis, and a sister, Mrs. Ellen Ryap. Los Angeles. Burial will be In Lrown Hill cemetery.

New York Stocks

" “ (Bt Thomson to McKinnon) 11 -Jan. 3APrev. Railroad*— High, Low 13.00. clove. Atrhion 236% 335*2 23 S 7 e 235% Balt <V Ohio ... 116 115% 115% 115% Canadian Par. . 199 199 Chesa it Ohio. 218 314% Chess Corp .... 68 67‘/a 68 *<% Chi * K Wen • *s;* Chi Grt West 14% 14% C R I At P 119 Del A' Hudson 171% J‘2 D-l & Lacks .. .. ■■■ Erie S<% 56% 56% 57% Erie Ist pfd.. 61% 61.a Grt Nor 92 ID Central ■. 139% Lehigh Valiev.. 73 73 Kan City South 77% Lou Ac Nash 136 ‘ \Jo Pac -•--- 87% 88% M K & T 53% 53% 53% 53* a N Y Central .179% 178% 179% 178% N 7 C ft 8t L 135 NY NH Ac H ..111 110% 111 111% Nor pacific 85% 85% 85% 84% Norfolk Ac West 240'. 240 240 240 O Ac W .... ... 14% Pennsylvania .. .. <8 , <B% Reading 133 132% 133 132^ Southern Ry 135% 134% Southern Pac ..121 130% 120 *. 120% St Paul 25 34% 24% 34% St Paul pfd 42% 42% 42% 42% Bt L ft 8 W. ... 64*2 BtLftS F 110 109% Texas & Pac ... 119% Union Pacific .... . 223 220 West Maryland. . 25% 25% 25% 25% W'abash 56 56 West Pac 23% Rubbers— AJax 2' 2% Fisk .. ... 4'.9 4 Goodrich 46% 46 46 45-% Goodyear 74% 73 74% i2% Keliy-Spgfld .... s' 5Va 5% 5% Lee 8% 8 United Sttaes... 261, 26 26% 26 Fqulpments— Am Car & Fdy 81 80% Am Locomotive 100% Am Steel Fd ... ... 49 Man Elec Sup.. 29% 29% 29% 29% General EH (new) 70% 68% 70% 68% Gen Ry Signal.. 92 91 91% 92% Gen Am Tank.. 105% 104% 105 1 04*2 N Y Air Brake 44% Pressed Stl Car.. 11% 11% 11% 11% Pullman 85% 84% 85 84% Westingh Air 8.. 46% 46 46% 46% Westingh Elec ..157% 156 157% 155 Am^R^TTMill*.. 90% 88% 90 88% Bethlehem 102% 101 % 101% 101% Colorado Fuel 45% 44% Crucible 99% 90 90 % 89 Gulf States Stl 59 Inland Steels 80 80 Otis 34% 34% Ren Iron At Stl.. 75% 75 75% 75 L'ldlum 43% 42% 43% 41% Newt-on 52% 51% 52% 51 a V S Steel 183% 182% 183% 181% Alloy 32% 32% 32% 33 Warren Fdy .. 27 26 36 26% Youngstwn Stl. 127'/a 124% 127 v 124 Vanadium Corp. 69% 68% 69% 68 Motors— . Am Bosch Mag.. 45 43% 44% 43% Briggs 16% 15 % 16% 16 Brockway Mot,. 14% 14% ls% 14 Chrsyler Corp... 36% 36Vs 36% 36% Eaton Axle .... 36% 36 36 36 Graham Paige ...... ■■■ .9% 9% Borg Warner ... 39% 39 39’, 38% Gabriel Snubbrs. .. .... 6% 6Va General Motors.. 42 41% 41% 41 Elec Btor Bat 74% 74% Hudson 58% 58 58% 5i Hayes Body Corp .. ..... 8 16 Hupp 22% 22% 22% 22% Auburn 227% 224% 227 229 Mack Trucks ... 76% 76% <6% 76 Marmon 24% 34% 34% 34% Reo H 11 Motor Wheel" 29% '28% 29% 29% Nash 53% 53 53 Vs 53% Packard 16% 18 16% 16 Peerless 11% 11% 11% 11% Studebaker Cor 44% 44% Stew Warner ... 41% 41% Timken Bear.... 76% 75% 75% 75 Wiilys-Overland. .. ... 8% 8% Yellow Coach .. 18% 18% 18% 18% Am Smelt At Rfg 74% 74 74 74 Am Zinc ... 15% 15% Anaconda Cop.. 75% 75 75 % 75% Calumet & Arlz .. ... 85*2 85 Calumet Ac Hecla 30% 30% 30% 30% Cerro de Pasco 63% 62% 63% 62% Dome Mines ■ 7% Granby Corp 57% *< Inspiration Cop.. .. ... ... 29% Howe Sound .... 39% 39 39 38% Int Nickel .. ..38% 38% 38% 38% Kennecott Cop. 59% 59% 59% 59% Magma Cop ••• 49*% 4972 Miami Copper.. 31% 31% 31% 31% Nev Cons 29%Z 29% 29% 29% Texas Gul Sul.. 62% 61% 62% 61 a St Joe * 54% C S Smelt 33% 33% 33% 33% Atlantic Rfg..., 38% 38% 38% 38 Barnsdall (A). .. • 22% 22% Freeport-Texas.. 43 42% 42,e 42/2 Houston Oil 58% 58% 58% 56% Indp Oil At Gas.. 22 22 22 22% Conti Oil 22% 22% 22% 22% Mld-Contl Petrol 26% 26% 26% 26 Lago Oil Ar Tr.. 22 22 22 22 Pan-Amer Pet B .. ... ... 52 Phillips Petrol.. 34 33 33% 33% Prairie Oil ••• 52'^* Union of Ca 1.... 44% 44% 44% 44 Prairie Pipe .... 59% 59% 59% 59% Pure Oil 33% 23*4 23 % 23% Rova) Dutch.... 52% 52'z 52% 52% Richfield 35% 25% 25% 25% Shell 23 23 23 22% Simms Petrol... 27 27 2* 2i Sinclair Oil 24% 24% 24%. 24% Skeliy Oil ... 30% Std Oil Cal 60 a9% 59% a9% Sid Oil N J 63 63 % 63*4 63% Std Oil N Y... 32% 32% 32% 32% Transcont? 5 *9% "i* jg White Fagle .... 27% 27% 2i% 27% Adv Rumely ... 20% 20% 20% 19% Allis Chalmers.. 58% 58% 58% 59 Allied Chemical.. 274 274 274 273% A M Byers 87 86% 86% 86% Armour A 5% 5% 5% 5% Arner Can 129% 128% 129% Alleghaney Corp 25% 25% 25% 25 s Am Safety Raz.. ... ... •••„ gi* Am Ice 37% 37% 3<% Ji' 1 * Am Woolen 10% Assd Dry Goods ••• *• Bon Alum* 52 52 52 .5?,? Conti an"!!!; 53% '%, 55% 55% 88 8£ 88 % Congoieum .... 17% 17 17 17 Oiirtlss W 7Vs 1 7Vs 7 Davidson Chcm.. 32*s 33 a Dupont .........121 120 120 Vi 4 Famous Players 63% 62% 62% 62 4 Gen Asphalt.... 02% 52,2 52 j. 51% Fox A 32 31V* SI % 31 Mi Gold Dust 44% 44% 44% 44% Glldden 33 33 33 33 Int Harvester.. 91% 90% 90% 90% Smb2rt°f.::::::iM4 ic’% % wg? uSw S Belt .:::::: g% May Stores .... 55 55 55 55 g Xo&ter 3% 3% 3,s 3% Montgom Ward.. 45% 45% 45 . 44_j Natl C R 81 80% 80% 80% Radio Keith .... 29% 29% 29% 30 Owens Bottle .. 55% 55% 55% 55 z Radio Corp .... 36% 35% 36% 35% Real Silt 5“' 3 52- a 52 2 4 Rem Rand 31% 34% 34. 34 Sears-Roebuck... 99’. Union Carbide .. 90’g 81' i 90-e 88. Warner Bros .... 54% 53% 53 -a Un Air Craft.. 48 1 * 4.% 4.% 48 ,g U n s ci P lr"Pipe 27% 26% 27% 27% IT 6 Indus Alco 116% 114% 114% 114 Worthington Pu 79% 79 79 and) Woolworth Cos.. 67V 67V4 67V* 67/4 Am*Tel*T"Tel. .224% 223%. 224% 223 Am Pr Ac Lt ... 87 85% 87 85% Er.g Pub Serv . 42% 47% 47% 48 Am For Power.. 95% 93% 95' 2 93 am Wat Wks 93% 93 93% 92% Gen Pub Serv.. 37% 37 37% 36% Col GAc E 82 81% 82 81% Consol Gas . ...103% 109 JO®. 1 9§,? Elec Pow <sr Lt. . 60% 59% 59% 59% Int TAc T ... 65% 65% 65% 65 s g Nor Amer C 0.... 98% 98>y 98% 98*4 Pac Light .... 83% 83% 83% 83% Pub Serv K J.. 89% 89*. 89% 88% So Cal Edison.. 58% 58 58% 58 Std Gas Ac E1....115% 114% 115% 114% United C*rp 35% 35% 35% 34% Utilities Poger., 33% 83% 33% 33% United GAc Imp 37% 37% 37% 36% West Union Tel. .204 % 203% 204% 203% SMpuine— Am Inti Corp.... 40% 40% 40% 40 At! Gulf Ac W I 79% 78% 79% 78% Tr.'l Mer M pfd 28’i, 26*z 26% ?i*s United Fruit 102*2 102*2 102% 103 Foods — Am Sug Rfg.... 64% 63% 64% 63 , Cudahy ... .... 45 * California Pkg.. 6S s 65% 68% 68 Canada Drv .... 69% 59% 69% 69 Corn Products.. 94% 94% 94% 93s Cont Bak (A).. 44ig 43% 43% 43% : Borden 64 63% 64 64 i Cuban Am Sugar 8% 8% 8% 8 [Grand Union.. 16’k 16 16 16%, 1 Jewel Tea 49% 48 49 47% Kreft Cheese .. 43 43 43 43% Kroger 45% 44% 44% 45*2 Loose-AViles ... 61% 60% 60 7 g 60% i Natl Biscuit ....203% 202 203 % 201% Natl Dairy 47 46% 46% 47 Purity Bak .... 86% 86% 86% 84 Loft 56 36 36 31% Stand Brands.. 27 26 26% 26% Ward Baking 8.. 6 6 6 Tobaccos— Am Sumatra 22 22 22 Am Tob .B> .. 232% 321% 222 % 231% Con Cigars Generol Cigars .. 54% 54 54 % 53 Lis A: Myers 105% 103% 103% 105’ Lorilard 24% 24% 24% 34% R J Reynolds.. 53% 53% 53% 53% Tob Prod B. ... 5 5 5 United Cigar Bt.. 7 7 7 7% Schulte Ret Strs 10% 9 9% 9%

Local Wagon Wheat

cut grain elevators are paving *l.lO for No. 2 red wheat and $1.07 for No. 2 hard wheat. NEW TORK COFFEE RANGE -Jan. 29 High. Low. Close. March S7O $.85 8.70 Mar 8.19 8.10 8.19 jute 7U 2.90 7.98 September 7.89 7.80 7.89 Dember " 7.74 7.87 7.74

PORK MARKET OFF 15 CENTS AT CITY PENS All Classes of Livestock Show Weak Trend at Stockyards. Jan. Bulk. Top. Receipts. 23. slo.lo# 10 35 $10.35 4.000 24 10.10#10.35 10 60 6.000 35. 10.70# 10.70 70.75 4,500 27. 10.15#10.50 10.50 6.000 28. 29. 10.404i 10.75 10.75 5 000 30. 10.25fa.10.60 10.60 6,000 The hog market slumped slightly at the union stockyards today, prices being mostly 15 cents lower. The bu’k, 140 to 275 pounds, sold at $10.25 to $10.60. Receipts were 6,000, holdovers were 339. Cattle receipts were 700. Slaughter classes were slow with a weak undertone. Veals were selling 50 cents off at $16.50 down. Sheep were around 25 cents lower with new arrivals of 600. Lambs were mostly $12.50 down. Chicago hog receipts were 45,000, including 6,000 directs. Holdovers were 9,000. The market was 10 cents lower than Wednesday’s average. A few* loads of 180 to 220pound averages brought a bid of $10.25 to $10.35; $10.15 was bid on 240 pounders; 280 to 290-pour.d weights brought a bid of $9.85. Cattle receipts were 8,000; sheep, 18.000. —Hogs— Receipts. 6.000; market, lower. Heavies. 300 lbs. up $ 9.35# 9.85 250-300 lbs 10.00# 10.25 Med. wts.. 225-250 lbs 10.40 200-225 lbs 10.50 Light wts.. 160-200 lbs 10.60 Light Its.. 130-160 lbs 10.25# 10.50 Light wts.. 160-200 lbs 9.00#10.00 Packing sows 7.75<2l 8.75 -CattleReceipts. 700: market, weak. Beef steers. 1.100-1.500 lbs. good and choice $12.00(515.25 Common and medium 9.25® 12.00 Beef steers. 1.100 lbs. down. good and choice 12.25® 15.50 Common and meduim [email protected] Heifers. 350 lbs. down, good and choice 12.00®14.50 Common and medium 12.00 Cows 8.50^10.00 Common and medium 6.50# 8.50 Lower cutter and cutters .... 4.75@ 6.50 Stocker and feeder steers, good and choice 8.75®11.75 Common and medium 6.75® 8.75 —Veals— Receipts, 700; market, lower. Medium and choice $12.50<5>16.50 Cull and common 7.00® 12.50 —SheepReceipts. 600; market, lower. Lambs, good and choice $12.00(8>12.75 Common and medium 9.50® 12.00 Ewes, medium to choice 4.50# 6.50 CuU and common 2.00® 4.50 Other Livestock By United Press CHICAGO. Jan. 30—Hogs—Receipts, 45,000; including 6.000 direct; market. 10c lower: light lights and pigs, 25c lower; top. 810.40; 160-230 lb. weights. $10.15® 10.30; 240-300 lb. weights. $9.85® 10.15; butchers, medium to choice, 250-350 lbs.. $9.50# 10.15; 200-250 lbs.. $9.90# 10.35; 160200 lbs.. [email protected]; 130-160 lbs., $9.85@ 10.35; packing sows. sß#9; pigs, medium to choice. 90-130 lbs., $8.75@10. CattleReceipts. 8.000; calves. 2.000: market, generally steady; trade steers and long yearlings; dependable action due largely to scarcity; sl6 paid for prime mived yearlings; most steers, $15.50 down to $11; she stock was at a standstill; slaughter classes steers, good and choice. 1300-1500 lbs $12.50iD15.50; 1100-1300 lbs.. $17.50#: 16;' 950-1100 lbs.. [email protected]; common and medium, 850 lbs. up. 158.95#. 12.50; fed yearlings, good and choice. 750-950 lbs.. $17.50® 18.25; heifers, good and choice. 850 lbs. down. [email protected]: common and medium. $7.75#T2; cows, good and choice. sß# 10.25; common and medium, $6.80#8; low'cutter and cutters. $5.25(0,6.50; bulls, good and choice, beef. s9#>lo; cutter to medium. $7.25®9.35: vealers milk fed good and choice. sl2# 16; medium slo® 12. cull and common. $7.50@10: Stockers and feeder steers, good and choice, all weights. $lO 25# 11.25: common and medium. sß.2a® 10.25. Sheep—Receipts. 18.000: opening, steady; fat lambs, $12.25 to mostly $12.a0; choice lambs held at $12.75 and fat ewes, quotable weak; feeding lambs steady with 65-lb. weights bringing $11: lambs, good and choice. 92 lbs. down. sl2#! 13; medium. $11.25® 12: cull and common. $10®11.25; ewes, medium to choice, 100 ’bs down. [email protected]: cull and common. s3® 5.50; feeder lambs, good ana choice, $11.50# 12.50. By United Press CINCINNATI. 0., Jan. 30.—Hogs—Receipts 1 900; holdovers, 100; extremely dull: butchers fully 25c lower; local outlet sharply restricted; sales good and choice 160 to 220 pounds. $10.50 to mostly $10.60; heavy hogs scarce; bulk 120 to 150 pounds. $lO sows steady to lower; bulk mixed offerings mostly $8; finished light weights. $8.50. Cattle—Receipts, 375. Calves— Receipts. 125- scattered sales about steady bearish undertone on all classes; few plain killers. sll down; bejf cows [email protected]; odd head. $9; low cutters and cutters mostly ss.io# 6.75; bulb., sß® 9.25; vealers barely steady; top. sl7, bulk less desirable and lighter weights sl3® 15 50- culls down to $lO or under. SheepReceipts. 150: steady; good to choice handy weight lambs up to $13.25; throwouts and bucks. $9#10.50; good handy weight ewes around $5.50. By United Pres* CLEVELAND. Jan. 30.—Hogs—Receipts. 900; holdovers. 274; slow, mostly lOC. 25c lower. 150-250 lbs., $10.60#10.75; heavy butchers. t9.75(&10; pigs. $10.25; rough sows. $8.25: stags. $6.50: steady. Cattle—Receipts. 450; steers very dull, demand narrow, at least 25c lower, a few selling upward to $11.25. but many commoner. $9.50 to $10.50 kind without bid; low cutters and good cows. $5®8.50. not over steady. Calves —Receipts. 350: slow, weak, better grade vealers. sl7@lß. common and medium. $13.50® 15.50; cull. slo® 12 Sheep—Receipts, 1,000; lambs slow, weak at Wednesday’s full decline, better grades. $12.50#;13. strictly choice not over $13.25. medium throwouts, $10.50® 11. good fat ewes. s6®7. By Times Special LOUISVILLE, Ky., Jan. 30—Hosts—Receipts. 600: market 25c lower; 250 lbs. up. $9 .5; 165-250 lbs., $10.35: 130-165 lbs.. $9.75; 130 lbs. down, *8.60; roughs. $7.75; stags. $7.15. Cattle—Receipts. 200; market steady: prime heavy steers. $11.50©13; heavy shipping steer;. slo#;n.so; medium and plain steers. sß.so<j(lo'. fat heifers. $8 #12.50; good to choice cows. *7# 9; medium to god cows. $5.50® 7; cutters. *s® 5.50; canners. $3 50# 4.50: bulls. 56#9.50; feeders. $8#10.50; stockers, $7.50#10.50. Calves—Receipts. 200; market steady: tops. $14.50; good to choice. $11.c0#14.50; medium to good. $8.50® 10.50; outs, $8.50 down. Sheep—Receipts. 100; market steadv; ewes and wethers, $12.50®13; buck lambs. $11.52#12: seconds. sß#9; sheep. $5#S. Wednesday's shipments: Cattle. 10; calves. 245; hogs, none; sheep, none. By United Press TOLEDO. Jan. 30 —Hogs—Receipts. 500; market 25c lower; heavies. $9.50(29.75: mediums, 510.25# 10.30; Yorkers. $10.25# 10.30: pigs, slo® 10.15. Cattle—Receipts. 100; market, slow; steady, steady; calves, receipts light: market, steady. Sheep and lambs—Receipts, light: market steady. . By United Press PITTSBURGH. Jan. 30.—Hogs—Receipts. 1.200; market uneven, mostly steadv; i6O- - lbs.. sU(gn.lo; 240-300 lbs.. $10.75# 10.90; 100-130 lbs.. *10.50#10.75: sows, *8 #8.75. Cattle —Aeceipts, 25: market steadv: low cutter, medium grade cows. $5.5® 8. Calves—Receipts, 75; market steady; top vealers. $18.50. Sheep Receipts, 1.500; market 25 to 50c lower; fat lambs, sll #l3; choice aged wethers, $7.50 @B. Bu United Press EAST BUFFALO. N Y.. Jan. 30.—Hogs— Receipts. 1.100; holdovers. 1.300: active, mostly to packers: weak to 10c lower; bulk. 140-220 lbs.. $!0 [email protected]: few. $11; 230260 lbs.. $10.60 5 10.85; 120 lbs. and down. $10.50: packing sows. $8.50#9. Cattle— Receipts, 75: steadv: good steers. $12.75; cutters cows. $4.50# 6.75. Calves—Receipts. 150; vealers. 50c lower; good to choice $17.50 to mostly $18; common and medium. $11.50# 15.50. Sheep—Receipts. 500; holdovers. 600; iambs slow, weak to 25c lower: good to choice. $13.75#13; some held higher; medium and strong weights. $11.25612.25: aged stock quoted steady. Marriage Licenses Charles E. Sentman. 23. of 718 North Chester, salesman, and Helen E. Lapp, 19. of 307 South Walcott. Alonzo F. Wade. 35. of 2341 North Western, salesman, and Sarah King. 34. of 2241 North Western, maid. James O. Strunk. 45. of Chicago. Inspector. and Carrie M. Kent. 25. of 15 East St. Joe. waitress. Eddie Howard. 24. of 2007 Yandes. ! laborer, and Carrie M. Scott. 21. of 2007 I Yandes. Edward A. Brtel. 48. of Louisville, contractor. and Edythe O. Leonard. U, of 5314 Broadway, cashier.

THE INDIANAPOLIS TIMES

Business — and — Finance

By United Press CHICAGO, Jan. 30.—An increase of more than $3,000,000 in net profits in 1929 as compared with 1928 was shown in the consolidated balance sheet of Sears, Roebuck & Cos. today. Net sales of the company, one of the world’s largest mail order businesses. aggregated $415,379,887.09 last year, while the net profits was $30,057,652.01. The net profit in 1928 was $26,907,902.49. Earnings per share in 1929 were $6.70 as compared with $6.28 in 1928. Minneapolis Honnevwell Regulator Company reports for the year 1929 the largest sales and earnings in the history of the company. Net income after all charges was $1,437,523 as compared with net income of $1,037,262 for 1928. an increase of 38 per cent and was equivalent to $7.98 a share on 179.975 shares of common stock outstanding at the end of the year. The company’s convertible preferred stock was called for redemotion last November and has all been either converted or retired. The General Empire Corporation, which began active business on Aug. 1, 1929, has issued its report showing gross profit of $131,014 for tbe period of operation ended Dec. 31, 1929. This amount was before writing off organization expenses and provision for redaction in valuation of securities to basis of cost or market, after which the company reported a net loss of 8156.064. Henry Breckinridge, on behalf of the voting trustees of Transcontinental Air Transport,. Inc., announced Wednesday that the voting trust agreement dated June 10. 1929. will terminate on Feb. 11. 1930. After that date holders of voting trust certificates raav exchange their certificates for capital stock without par value of Transcontinental Air Transnort. Inc., at the offices of the Bankers Trust Company in New York. Central Alloy Steel Corp., Massillon. Ohio, has started operation in its Canton (Ohio) plant anew normalizing furnace specially designed by the company’s engineering and metallurgical departments, which is producing nnusua! results in the heat treatment of special sheets, according to F. J. Griffiths, chairman. By means of the new furnace heating operations which formerly required forty-four hours are now completed in fifteen minutes. Ford Motor Company has Just purchased complete Q. R. S.-De Vry industrial CinHone moving picture equipment. according to announcement today, and these Cinetones are forming a part of the Ford Coompany's display at the Chicago automobile show In the Armory at Sixteenth and Wabash avenue. Actual working scenes in the vast Ford establishments at River Rouse. Mich., are being run as a section of the company’s program of entertainment at the show. DETROIT. Jan. 30.—Acquisition of the entire common stock issue of the Greenville Steel Car Company, railroad equipment concern, with assets in excess of 51.000,000 by the Pittsburgh Forgings Company has been approved by tbe directors of both companies, Edwin Hodge, president of the Pittsburgh Forgings Company. Activity among the hardware trade throughout the country compares favorably with the corresponding period of last year. Unseasonable weather in some sections has made a retarding Influence on the demand for winter lines, but trade in general is about normal. This situation is indicated in reports received from leading market centers. Hardware Age will say Thursday in its weekly market summary. The optimism of dealers in indicated by the orders they are now placing for sprin gmerchandise lor future delivery. W. B Simpson was elected chairman of the board of the A. H. Castle & Cos. and was succeeded as president by A. C. Castle at the annual meeting Wednesday. Fred C. Flosi was added to the directorate succeeding Sydney Gardiner, who resigned. CHICAGO. Jan. 30.—Report was made Wednesday bv Missouri-Kansas Pipe Line Company that anew Kentucky gas well, with an average daily open flow of 7.000.000 cubic feet had been brought in on one of the company's leases ten miles south of Greenville in Muhlenberg county.

Produce Markets

Ekrs (country runl —Loss off delivered in Indianapolis. 32c: henerv quality. No. 1 38c; No. 2. 30c; No. 3.20 c. Poultry (buvine oncesi—Hens welehtnsr 5 lbs. or over. 26c; under 4 lbs.. 23c: Leghorn hens. 18c: springers. 5 lbs. or over 23c: under 5 lbs.. 22c: spring Leghorns. 15c; stags. !sc; cocks; 15c; capons. 8% lbs. or over. 28c; capons, 7% lbs. or over. 27c; capons and slips. 5 ibs. and over. 23c: capons. 5 lbs. and under. 20c: ducks, lull feathered, fat. whites 13c. These prices are for No. 1 top quality, auoted by Kincan & Cos. Butter (wholesale)—No. 1, 40@41c: No. 2. 38®59c. Butterfat—37c. Cheese (wholesale selling price per pound’—American loaf. 35c: pimento loaf. 37c; Wisconsin firsts. 27c; Longhorns. 27c: New York llmberger, 30c. Bu United Press NEW YORK. Jan. 30—Flour—Dull and lower; spring patents. [email protected]. Pork — Quiet; mess. $i9.50. Lard—-Steady; middle west spot. [email protected]. Tallow—Firm: special to extra, 7%@7%c. Potatoes— Quiet and easier, Long Island, $1.75®6.50; southern, $3.50# 4; Maine, $4.25® 5.50; Bermuda, $10.60 @l3. Sweet potatoes— Easy; southern, $1.25(81.50 basket; Jersey. 60c®2.50 basket. Dressed poultry—Steady to firm; turkeys, 26@43c: capons, 28@47c; fowls. 18#35c; ducks, 14@24c; ducks, Long Island. 23@26c. Live poultry—Steady to firm; geese, 13#28c; ducks, 14@26c; fowls, 30® 33c turkeys, 25#45c; roosters. 19# 20c: chickflens, 27@32c; capons. 27@40c; broilers, 20@36c. Cheese—Quiet; state whole milk, fancy to special, 24@26c; young Americas, 21%@24%c. Bu United Press CHICAGO, Jan. 30—Eggs—Market steady and unsettled: receipts, o. 181 cases; extra firsts. 35c; firsts. 33%®34c; ordinaries, 31 @32c; seconds, 30c. Butter—Market steady and unsettled; Receipts. 5,854 tubs; extras. 36%c: extra firsts. 35%®36c: firsts, 35%#. 36c; seconds, 31#32c; standard. 36--IC. Poultrv—Market, hens weak; spring, firm; receipts, 2 cars; fowls, 26c; springers. 28c; Leghorns, 22c: ducks, 14c; geese. 17c; turkeys, 25c: roosters, 18c; broilers. 30# 32c. Cheese—Twins, 19%@19%c; young Americas. 21c. Potatoes —On track. 258 cars; arrivals, 106; shipments, 813; market, weas on Idaho sacked,Russets, steady on others; trading fair: Wisconsin sacked round whites. [email protected]: Minnesota sacked round whites. $2.45(82.50; Idaho sacked Russets. [email protected]. App1e5—53.25#.4.25 per box, western. Bv United Press CINCINNATI, 0., Jan. 30.—Butter— Steadv; creamerv In tub lots according to score. 36# 37c; common score discounted, 2#3c; packing stock No. 1. 22c; No. 2,18 c; No. 3.13 c; butterfat, 35#37c. Eggs —Steadv; cases included: fred gathered. 35%c; firsts. 34%c; seconds. 33%c: nearbv ungraded, 35c. Live poultry—Thin and coarse stock sells only at heavy discount; ofwls. 5 lbs. and over. 26c; 4 lbs and over. 27c; 3 lbs. and over. 25c; Leghorns, 3 lbs. and over, 23c; roosters, 17c; stags. 20c; capons, 8 lbs. and over. 32c; under 8 lbs., 28c: slips, 21c; fryers, colored. over 3 lbs., 30c: 2 lbs. and over, 30c; broilers, 1% lbs. and over. 32c; Leghorn broilers. 1% lbs. and over, 25c; roasting chickens. 4 lbs. and over, 30c; Leghorns and Orpington fryers, 2 lbs. and over. 25c; black springers, 20c. By United Press CLEVELAND. Jan. 30.—Butter—Extras. 40%e; extra firsts. 39%#40c; seconds. 31 #32c. Eggs—Extras. 37%c; firsts, 36c. Poultry—Fowls, 29#30c; mediums. 28c; Leghorn. 24c; heavy springers. 26c; Leghorn springers. 20c; ducks. 20# 25c; old cocks. ißc: geese, 18820 c. Potatoes—Ohio and New York. $4.50 per 150-lb. sack; Maine Green Mountain. $4.25# 4.75 per 150-ib. sack; Idaho russets. $4.50 per 100lb. sack.

Investment Trusts

Bid. Asked. —Jan. 30— American Founders, new 26 3 . 27 s . Basic Industry Shares 8 s ? 9‘s Corporate Trust Shares B s s 9 s s Fixed Trust Shares A 20'*. Fixed Trust Shares B 17 5 s . Investment Trust of N Y 11 11 J . Leaders of Industry 10 s i 111? N American Trust Shares.... 9 9 1 * Petroleum Trading Corn A... 20 25 Rev barn Cos 10 20 S W Strauss Inv Cn Units 52 58 Trustee Std OU Share 11 1174 V B Btoc Lt * Pwr Sh A..... 88 42

STRONG CABLE REPORTS HELP WHEAT PRICES Argentina Lowers Estimate on December Crop; Corn Unsettled. Bu United Press CHICAGO, Jan. 30.—Wheat opened about steady on the Board of Trade today, due to improved forengn cables and reaction- from Wednesday’s weakness. Liverpool and Buenos Aires were considerably stronger and Winnipeg was being closely watched for signs of a change. Corn and oats were still slightly off. At the opening wheat was ’.-4 cent lower to % cent higher, corn was unchanged to % cent off, and oats was unchanged to Li cent down. Provisions were firm. Liverpool was Li cent to % cent higher in the day, due to reports that an Argentine government estimate had lowered the December estimate on the crop. Buenos Aires showed strength and was 1 cent to 1 % cents higher around mid-ses-sion. Winnipeg was being closely watched by local operators for a trend. Sales by Russia Wednesday were smaller than believed and unless further offerings appear the effect will be negligible. Corn was somewhat unsettled by the weakness in wheat, but buying by the east continued favorable. Country movement < was light, although favorable weather prevails over the corn belt. Farmers continued to hold better grades for improved. market. Fairly heavy liquidation by tired longs on the decline carried oats to anew low for the season Wednesday. Depression in wheat was the large influence, however, as there was no individual feature in oats. Chicago Grain Table —Jan. 30—WHEAT— Prev. High. Low. 12:00 close. March 1.19% 1.17% 1.17*4 1.18% May 1.23% 1.21% 1.22% 1.22% Julv 1.25% 1.23% 1.24% 1.24% Corn— March 86% .86% .86% .86% May 90% .89 % .90 .90% July 92% .91% .92 , .92% OATSMarch 43% .43% .43% .43 May 45Vs -44% .45% .44% July .44*8 .43% .44 .44 RYE— March 89 1 A .88 .88 .89 May ....' 87% ,85% .86 .87% July .87% .86 .86% .€6% LARD— March ..... 10.55 10.55 10.55 10.52 May 10.75 10.72 10.75 10.70 Julv 10.92 10.90 10.92 10.90 ’:eS 6flFzl OO By Times Rncriril CHICAGO. Jan. 30.—Carlots; Wheat. 23; corn. 218; oats. 11: rye. 2. and barley. 18.

The City in Brief

FRIDAY EVENTS Exchange Club luncheon, Lincoln. Optimists Club luncheon. Claypool. Altrusa. Club luncheon. Columbia Club. Indiana Retail Hardware Association convention, stat<- fairground. Phi Kappa Psi luncheon, Board of Trade. . . Knights of Columbus luncheon, SpinkArms. ... . , Phi Delta, Theta Inncheon, Chamber of Commerce. . „ , First Ward Republican Club meeting, Compton hall. 8 p. m. Master Painters Association luncheon. Elk Club. Delta Tau Delta, luncheon, Columbia C, Re'serrc Officers Association luncheon. Board of Trade. , Delta Chi luncheon. Spink-Arms. A voluntary bankruptcy petition was filed in federal court Wednesday by the W. G. Wormser Company, fruit and vegetable dealers, 39 South Delaware street. The petition was filed by Walter G. Wormser and Gabriel Slutzky, secretary. Liabilities were listed at $16,611 and assets at $5,862. Traffic Policeman John Moseby, Negro was cut and bruised when struck at Ohio street and Senate avenue Wednesday night by a car driven by Mack Ross, Negro, of 1473 Massachusetts avenue. Mack was arrested. Urging merchants to build on sound bases, and to carry on a policy of continuous advertising, G. W. Sulley. field representative of the National Cash Register Company, Dayton, 0., addressed the weekly luncheon of the Kiwanis Club, Wednesday at the Claypool. Charles Wat’fc s, former assistant treasurer and Sector of personnel of the General Motors Corporation, will speak before the Indianapolis building congress at luncheon Thursday at the Sever in. The 543.000 bond issue for the Garfield Park swimming pool was sold today to the Fletcher Savings and Trust Company. The pool will be located east of the shelter house and will be ready for use this summer. Raymond F. Murray will speak on •‘Fundamental Americanism” before La Delle Gossett Post, Veterans of Foreign wars, tonight. A roof fire caused SSO damage today to a rooming house operated at 347 North East street by Mrs. Mattie Brown. T. R. McCampbell. safety supervisor of New York Central lines, will talk on safety problems before the Indianapolis Exchange Club at the Lincoln Friday noon. Henry M. Trimpe, secretary of the civil service board of examiners at the federal building here, today announced open competitive examinations will be conducted for the following government posts: Senior librarian, junior geologist, junior bacteriologist, local inspectors of boilers and hulls, assistant inspectors of boilers and hulls and guards for penal and corrective institutions. TALKS O.N ADVERTISING Brevity, Simplicity Essential for Best Results, Club Told. Brevity, simplicity and easily understandable language are essentials of advertising matter, Frank L Campbell, Chicago, declared in an address before the Advertising Club of Indianapolis at the Columbia Club Wednesday noon. He urged co-ordination of the advertising program with a definite sales plan to get best results.

ANOTHER ‘MIRACLE’

News Vendors ‘See' and ‘Hear'

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Left to Right—Tom McGraw, blind news vendor, and his buddy. Everett N. Shipman, deaf, standing at Shipman’s sales corner, Pennsylvania and Market streets. maa nan BY ARCH STEINEL THE deaf hear. The blind see. “A miracle,” you say! Then we have a miracle in Indianapolis for there are two men, one deaf, who can hear, and one blind, who can see, selling newspapers on the city streets. The deaf purveyor of inky chronicles is Everett- N. Shipman, 58. of 1021 East Market street, at his stand on the southwest corner of Pennsylvania and Market streets, and the blind one, Tom McGraw, 54. of 1338 West Thirty-third street, at the southwest corner of Illinois and Washington streets.

And if you don’t believe Daddy Shipman can hear you, just step up to him and say, “Give me a New York Woild.” Quickly, and without hesitation his wind-worn hand lifts out the paper asked for and passes it to you. Try him on any paper, any magazine, and the result will be the same. He didn’t hear you but he saw you and what he saw were your lips framing the words, “Give me a New York World.” nan THEN drop around to McGraw's stand. They’re friends and Shipman won’t mind your patronizing his buddy. Ask him for a paper and no matter the money you offer him or the paper you ask for he finds the paper and change without an effort. He can tell you intuitively how tall you are, whether you’re young or old, and still he can’t see. But the feat is to get the two of them together. McGraw who never has seen his buddy at “newsvending,” says “Sell me ten Times, Shipman.” Shipman’s reply is to hand him the papers. McGraw could ask for the “Tanktown Bazoo” or any other of the varied dailies and as quick as his lips could form the words the papers would be in his hands. At his post on Pennsylvania street, Shipman is a constant information bureau for strangers in the city who. unaware of his deafness, ask him every question from, “Where is the World War memorial?” to whether “the Coffin golf course has eighteen holes.” Without resort to pencil or pad, Shipman answers the questions as they are asked. “It isn’t hard to read lips,” says Daddy Shipman. “Men’s are harder than women. Women pronounce their words more easily and simply. Men say things way down in their throats or out of the comer of their mouth.” a m m BOTH McGraw and Shipman are quick to disabuse you of the idea that their afflictions aid them in their sales. “It’s what you’ve got to holler—whether you sell out or not,” explains McGraw who never has read the “Extry! piper, all about the double murder,” which he “hollers.” Shipman agrees with him. but vouches that his twenty-five years of “hollering” at the Pennsylvania street corner has thinned down his voice. “It sounds like a nutmeg-grater, don’t it,” declared the man who is losing a voice he’s not heard in twenty-five years yelling the daily roundelay of headlines, “Two drown in creek, all about the drowning, piper!”

NEW FIRM TO OPEN Paints, Wall Paper to Be Company’s Specialty. Opening of anew wholesale and retail firm in paints, wall paper and other decorators’ supplies, the Decorator Company, Inc., 219 West Washington street, will take place Friday. A five-year lease of the site has been taken, according to O. L. Ken worthy, manager. Much stress will be laid on the wholesale business within a seventymile radius of Indianaoplis. A sales staff of seven will be employed and Fred Schweinsberger, formerly of Indianapolis, will be in charge of the wholesale business. Kenworthy has been connected with the wall paper and paint departments of the Allied Coal and Material Company. He also has oeen associated with Sherwin-Wil-liams Company. POLAND ON PHONE LINK Rate for Call to Warsaw $55.50 for Three Minutes, Warsaw. Poland’s capital, will join v.he list of European cities linked with Indianapolis Saturday by transoceanic telephone, an announcement by the Indiana Bell Telephone Company stated today. Rate for a telephone call to the Polish capital is $55.50 for three minutes and $18.50 each additional minute.

WOMAN ROUTS TWO KIDNAPERS Screams Bring Assistance, Men Escape on Foot. While one woman routed two attempted kidnapers by screaming on Wednesday night, police failed to find any trace of a screaming woman in a car speeding on Illinois street, near St. Clair street. No report had been made to police today by any woman victim of assailants, although witnesses told police Wednesday night two men grabbed a woman at Ohio and Illinois streets and sped north while she screamed and waved her arms from the windows of the car. Mrs. Carl Reeves, 41, of 2111 East St. Clair street, reported to police that two men leaped from an automobile which drew up to the curb beside her and that the two attempted to drag her into the car. She screamed as one attempted to cover her mouth. A. L. Seal. 560 Gray street, ran to her aid and shouted for a revolver. When residents of nearby houses ran out, the men dropped Mrs. Reeves and attempted to start their car. The motor stalled and they fled on foot. The car had been stolen from Twenty-eighth street and Central avenue and was owned by Mrs. C. E. Chatfleld, 425 West Forty-fourth street.

On Commission Row

FRUITS Apples—Delicious, box extra fancy. $3.75: choice. *2#2.25: Jonathans. *2.75: Grimes Golden. $2.50: New York Duchess. $2 25# 2.50: Gravensteln. $3: Wolf River. $2.50: Stavmen box. $3#5.25 Cranberries —$4 a 25-Ib. box: $8.85 a 50-lb. box. Grapefruit—Florida. 84.5085. Grapes—California, seedless. $3.80 a crate: Emperor. $2.5002.75 a crate., Lemons—California, a crate. *9. Limes—Jamacia. $2.50@3. „ Oranffes —California Valencia. $4.5008.50. Strawberries—6oc a quart. Tangerines—ss.so a crate. VEGETABLES Beans—Florida. $4.75@5 a hamper. Beets—Texas. $3.50 a crate. Carrots—California, crate. $5.50. Cabbages—s3.so a barrel. Celerv—Michigan. 90c; Idaho. $1.25 a dozen bunches. , . Cauliflower—Colorado, crate. $2.50. Cucumbers —Florida. $6 a crate. Eggplane—s2.so a dozen. $6 a hamper. Kale—Spring, a bushel. 90c. Lettuce—California Iceberg. $6.50 a crate home-grown leaf a bushel. $1.65. Mustard—A bushel. sl, Onions—lndiana yellow. $2.25 a 100-lb. bag; white. 50-lb. bag, $1.75. Parsley—Southern, doz bunches. sl. Peas—California. $6.50 a hamper. Peppers—Florida. *7 a crate. Potatoes—Wisconsin and Minnesota white. $4.25#4.50 6 160-Ib. bag: Red River Obios. 120 lbs.. $3.90; Idaho Russets. $4. Radishes—Button, hothouse, dozen 90c; southern, long red 150250 dozen. K. pTlodges TO MEET Grand Chancellor to Attend Page Rank Ceremony Session. Knights of Pythias members of the fifteenth Indiana district, comprising Johnson and Marion counties, will hold a district page rank ceremony tonight at Castle Hall, 230 East Ohio street. Initiatory work will be given by the dramatic team of Nineteenth Century lodge. No. 470, of Indianapolis. Charles S. Loy, grand chancellor, of Swayzee, will preside. An attendance of 1.000 is expected.

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COMPLETE LINK OF Braces and Abdoninal Belts AKRON SURGICAL HOUSE, INC. tll-tll N. PennylTni Ll*. Ill*

THE INDIANA TRUST CO. Pay 4% Saving/ c .£llZ $2,000,000

.JAN. 30, 1930

PLANS FOR NEW P. 0. ADDITION ARE SUBMITTED Sketches for Construction Call fr.r Expenditure of $1,500,000. Bu Times special WASHINGTON. Jan. 30.—Preliminary sketches for the proposed sl.500.000 addition to the Indianapolis postoffice and Federal building were submitted to Representative Louis Ludlow today by the supervising architect of the treasury department Previous estimates had placed tin cost of the project at $1,000,000. The proposed addition would be of Indiana limestone to match the existing structure and would correspond in architectural detail. Approximately 58,000 feet of floor space would be provided in upper floors for federal courts and other offices, and 31,000 square feet, would be added to the floor space for postoffice purposes. The addition will have a 340-foot frontage on New York street and a depth of about 100 feet. The plans provide for retention of the present, sunken driveway as the service approach for vehicles of all kinds and the addition would be constructed over the driveway so the building will be continuous and symmetrical from Ohio to New York streets. Two long corridors, one parallel to Meridian street and the other to Pennsylvania street, connecting with the present main corridor in the building at right angles, are provided. Between 40,000 and 50,000 cubic feet of Indiana limestone will be required for erection of the addition. BOOMED AS BANK HEAD New Yorker Considered Ideal a* Debt Settlement Chief. Bu United Press WASHINGTON, Jan. 30.—Gates W. McGarrah, New York banker, has been offered the presidency of the international settlement bank which is to be set up in conformity with the Young plan, the United Press learned today. Officials consider McGarrah ideal for the post, but no Intimation has been given here as to whether he will accept. Under the Dawes’ reparations settlement plan. McGarrah became the American member of the Reichbank directorate and he generally is credited with devising the international acceptance system now a common banking nractice. CELEBRATE NEW ‘MOON’ New' York Orientals Observe Ancient Custom of Race. Bn T’nitcd Prc** NEW YORK, Jan. 30.—The portion of Chinatown that never has bowed to the custom of the western world celebrated the new year today, by imploring the demons of the winds and waters to bring peace and prosperity to the followers of the Feng-Skui. Desipte the decree of the Chinese Nationalist government, fixing Jan. 1 as new year’s day. at least half of New York’s oriental population closed the shutters in the rookeries of Mott, and Pell streets that they might celebrate in their own way the second day of the first moon. GIFFORD DEFENDS ACTS A. T. and T. Cos. President Testifle# Before Senate Group. Bu United Pres* WASHINGTON, Jan. 30.—Walter S. Gifford, presidenet of the American Telephone and Telegraph Company, defended today the financial practices and business tactics of his company in testimony before the senate interstate commerce committee. Gifford denied charges of Pacific coast representatives that regulatory bodies were unable to reach records of the A. T. and T. as a holding company controlling the telephone companies operating in western states. He said the company’s record was compatible with sound financing and public intgrity.

II NEW and USED FURNITURE —Low Prices—Easy Terms— ARTHUR Furniture Cos. 2215-17 E. Washington St. Cll. 2383

K lnvestments CHER AMERICAN • COMPANY Indiana'* Largest Inveitment Raaae

Furniture—Rugs Draperies Sander & Recker Furniture Cos. MERIDIAN AT MARYLAND

JamesT. Hamill & Company BROKERS Indianapolis MEMBERS Chicago Stock Exchange Chicago Board of Trade Indlanapoll* Board of Trade Aaeoeiated New York Curb 203 Continental Bank Bldg. Tel. Riley 54*3—KIley MM