Indianapolis Times, Volume 41, Number 238, Indianapolis, Marion County, 13 February 1930 — Page 13

rrm. 13. i93o_

UNITED STATES STEEL RALLIES STOCK MARKET Traders Optimistic When Leaders Seek New High Points.

Average Stock Prices

Averse* of thirtv tnduz'rials for W>dn*sdj wan 271.05. up 2.47, Average of twenty rails vts 155 23. off .92. Average of twenty utilities was 97.02. up 1.70. Average ox forty bonds 94 02. off .03. Bui nit'd Press NEW YORK, Feb. 13.—A strong buying movement around noon led United States Steel and American Can brought nearly the entire stock market into higher ground. Dealings were the most active this week. Traders came back after the holiday with buying enthusiasm despite warnings of an approaching technical reaction. Stocks were carried up at the opening and in the early trading for a time. Then mild profit-taking reduced the gains. As noon approached Steel common soared above 186 to new high ground for the year. American Can followed with a gain of 3 points to 144 also anew 1930 record. With these leaders meeting favor from the buying public the entire market firmed up and tickers were unable to handle the voluif.e which for a time was at a 5,000,000share pace. Simmons Is Weak Simmons Company was the only weak spot and bears hammered it down more than 3 points in the hope of touching of! selling elsewhere. They were unsuccessful, however, and forced to cover commitments in many other issues. Bears received further punishment in Goodyear which spurted 2% to 85. Gains of 2 points or more were made by many special issues, utilities and a few rails. The utility group continued to lead as a unit. Engineers Public Service spurted 4 points after the opening and held more than 2 points. The company which is to be taken over by Stone & Webster was bringing its stock into line for the exchange terms. The union is to be effected by exchange of sis .■hares of Stone & Webster for ten shares of Engineers. All Steels Strongs Steel shares followed United States Steel into higher ground. A. M. Byers spurted nearly 3 points and Bethlehem rose more than a point. Rails were strong, with Central holding a gain, of more than a point and Missouri-Kansas-Texas active at higher levels. General Electric and Westinghouse continued strong m the electrical equipments. Railroad equipments were in better demand. American Telephone spurted more than two points in belated response to the melon to be received from Western Electric. Call money renewed at 4 per cent and was easy at that rate. This ease helped bonds materially. Incidentally an issue of $35,000,000 of Western Union debenture 5s was quickly disposed of at par and listed on the big board, where the price advanced to a premium of % point. Sale of the issue caused a decline in Western Union stock.

Banks and Exchange

INDIAN APOI.IS STATEMENT Indianapolis hank clearings Thursday Feb. 13. $2,150,000; debits. $6,368,000. CHICAGO STATEMENT Bu United Press CHICAGO. Feb. 13. Bank clearings $122,700,000'. balances. $7,700,000. NEW YORK STATEMENT * NEW f YORK?* Feb. 13.—Bank clearings $1 250 000.000; clearing house balance $lB4 000 000 Federal Reserve bank creail balance $184,000,000. TREASURY STATEMENT llu roiled J’rrss _ _ •.WASHINGTON. Feb. 13.—Treasury net balance on Feb. 11. was $39,963,857.34. customs receipts lor the month to the same date totaled $13,232,400.84, government expenditures on Feb. 11. were $6,344,220.68.

In the Stock Market

(BV Thomson A McKinnon* NEW YORK. Feb. 13.—Probably the most encouraging developments over the holiday are the proposal for a merger of important units in the public utility field and the interstate commerce commission's approval of the Baltimore & Ohio acquisition of the 8., W. & P. It seems to me that the latter is of particular importance at present when the interest in rail stocks has already been heightened bv the proposed splitup of Canadian Pacific stock, and by the gradual realization of the groups attractiveness for investment purposes. Other developments which we do not think should be ignored include cheerful dispatches from the steel industry, likelihood of a regrouping of leading rubber companies, and an increase of car loadings to the largest weekly total this year. The latter should go a long way toward answering the question of whether or not the increasing momentum of business activity is continuing. Other than for momentary technical recessions which, after all. are requisite from time to time, and we can discover nothing at present to cause us to alter our friendliness for the better class stocks.

CITY WOMAN IS DEAD AFTER LONG ILLNESS Funeral Services for Mrs. Webb, 49, to Be Held Saturday. Last rites for Mrs. Florence B. Webb, 49, wife of Dr. J. W. Webb, >45 Campbell avenue, who died Wednesday at Methodist hospital, will be held at 2 Saturday, at the home. Burial will be in Crown Hill cemetery. Mrs. Webb had been ill for the past year. She was born in Marion county and was a member of the Emerson Avenue Baptist church. Survivors besides her husband are: a daughter. Miss Charlotte Belle Webb, of the home address: her father, David Beverland of Oaklandon, and two brothers. Will Beverland of Oaklandon. and Dr. M. E. Beverland. Indianapolis.

New York Stocks -iB? Tftomsoo & McKinnon) 1

—Feb. 1 Railroad*— . _ Prev. High. Low. 12:00 close. Atchison . 239 233 3 233 238‘a Atl Coast Line.. .. ... ... 188 Balt Ac Ohio 118’a 118 118 118 Canadian Pac .. .2181a 215 215 * 217 Ch.a Ac Ohio 234 333 234 233 Chesa Corp 74’i 74 (4% i4 Chi & N West.. 88% 88 88 a 88% Chi Ort West.. 15 I ,* 14% 15 15% CRlifcP ... 123‘a 124 Del Sc Hudson llS’s 176% Del Sc Laeka ... •••. 1*?, Erie 63 ’• 82% 62 . 61V, Erie Ist pfd 65 64'a Ort Nor J 9 99% Ciulf Mob & Oil 41% ••• 111 Centra! 130’. ... Lehigh Valley 6% <8 Lou Sc Nash ... ... 137 Mo Pae 81 ?i M KSc T •’' J 51 % 8 S 57 Mo Pac pfd 137'. 136*. 137' * rijT* N Y Central... 188 lBl *a 188% 186 s> N Y C Sc St L 143’i NY N H Sc H .120% 119% 119% 119% Nor Pacific. .. .. ... 92% 92 * Norfolk Sc W'e&t .. ... ... 259 O Sc W ••• 14■ 3 Pennsylvania .. 83% 83% 83% 82’* P Sc W Va 121‘/a Reading 134 133% 134 125,, Seabd Air L ... ... Southern Hy ...132 131% 132 J3l Southern Pac , 123.a 123'a St Paul 26 25** 26 25 * St Paul pfd. .. 45'* 44% 45S* 45% St L Sc S W 69 % Union*aflflc.i” 231 230 West Maryland.. 29 1 a 28’4 28'4 28 Wabash • •••,, ’5 3 West Pac 25% 25% 2J'a 27 Rubber*— Alax 2% 2_ 2% 2% Fisk 4 3% 4 4 Goodrich 51 s * 5i 51% 50% Goodyear 85’* 83 34 4* 82-* Keily-Spgfld ... 5% 5% 5% 5% Lee 9 8% United States.. 29!* 28% 29'* 27% Equipment*— Am Car Sc Fdy 80 Am Locomotive 100 100 < Am Steel Fd 50% Am Air Brake Sh 50 Man Elec Sup 32% 32% Gen Elec (newi.. 77% 77 77 s * 77% Gen Ry Signal.. 94 92 s * 94 94 Gen Am Tank.. 107% 106 s * 106 s * 107 N Y Air Brake 45'* 4j Pressed St! Car .. ... 14 s * 14 i Pullman 85% 85 8® 84,* Westingh Air B 49% 49'* 49 s * 49 Westlngh E3ec ..172 s * 169% I<2 171 Mills.. 89'2 83’* 89% 88’* Bethlehem 101% 100% 101!* 106 Colorado Fuel.. 52 s * 51% 51% 49% Crucible 9? Jr Gulf States Stl 62% Inland. Steel °5 Otis 34Va 34V* Rep Iron Sc Stl.. 73% 72% 72 s * 73* Ludlum 43 s * 42 s * 43% 43% AHov 31b* Warren Fdy 26 2a * Youngstwn Stl 127% 127 121 1 a 127 Vanadium Corp 664* 65 66 64 * Motors— „ ... ... Am Bosch Mag 52% 50 * 51 s * 50 s * Briggs 6% 16 Vs Brockwav Mot.. .. ... I®% 15 Chrysler Corp.. 39_ 38'2 38% 39 Eaton Ax1e..... 35 * 35 s * 35 s * 36 m Graham Paige 10% 10 n Borg Warner... 41 40’* 47% 40% Gabriel Bnubbrs 8% 8 * General Motors 44% 43% 44V* 43 * Elec Stor Bat.. 78% 78% 18% 77-* Hudson 59% 58 Vs 58% 58 4 Haves Body Corp 7% 8 Hupp 22'a 32 V* 22% 22'/a Auburn 231 Mack Trucks .. 82 81% 814 81 4 Marmon ••• • ••_, rl,. Reo 13 12% 12% 12 2 Gardner *% 4% Motor Wheel .. . 30 29 * Nash 52% 52% S./s a2% Packard 16:4 16% 16/* 16* Peerless . 13 12% Studebaker Cor.. 45 s * 45% 45 * 46Stew Warner.. 40% 40% 40% 4D * Timken Bear .. 77% 76% <6% 76 Wlllys-Overland. 10% 10 10 10 * Yellow Coach.. 21 Vi 21 21 1 21 White Motor 35 * 35 4 Arn’s'nie^P Sc Rfg 76% 75% 75% 75% Am Metals ••• * 9 . Am Zinc 16% 16 16 16 Anaconda Cop.. 78% 77 18,3 ‘7 a Calumet Sc Hecla 31% 31V* 31% 31% Cerro de Pasco Granby Corp ... ... ®7 4 Gt Nor Ore 23 22% Inspiration Cop jO * Int Nickel .... 38% 38% 38 * 38 ■ Kennccott Cop.. 60% 59% 60 60 Miami Copper.. . Nev Cons 30% 30% 30% 30 g Texa-s Gulf Sul 64% 64 64% 64 St Joe ... ... 50% 55% U S Smelt"...; 34 33% 34 34

AtUmtiC Rfg... 42 % 42 42% 41% Bamsdall (A) .. 21% *l% 21 * 21,4 Freeport-Texas.. 44% 44% 44% 41% Houston OH Indp Oil & Gas 22 21% 22 21 $4 Conti Oil 22 21% 22 21% Mid-Cont Petrol 25% 25% 25% 25% Lago Oil & Tr.. 22% 22% 22% 22% Pan-Amer Pet B 54% 54% 54% 54% Phillips Petrol.. 32% 32% 32% 32% Prairie Oil 50 50 50 49% Union of Cal 43 43 43 43% Prairie Pipe 59% 59% 59% 39% Pure OH 23 23 23 23% Roval Dutch.... 51% 51% 51% 51*i Richfield ... 23% Shell 22% 22% 22% 22% Simms Petrol .. .. ... *... 25% Sinclair Oil 23% 23% 23% 24 Skellv Oil 30Va 30% 30% 30% Std Oil Cal 59% 59% 59% 59% Btd Oil N J 62% 62% 62% 62% Std Oil N Y 32% 32% 32% 32% Tidewater 11% 11% 11% 11% Texas Carp 53% 52% 53% 53% Texas C&O 10 10 10 Transcontl .... 8% w% 8% 8% White Eagle .... 27% 27% 27% Industrials— Adv Rumrly .... 17% 17% 17% 17 Allis Chalmers. 59% 59% 59% 59 Allied Chemical 276% 276% 276% 276% A M Byers 85% 84% 84% 84% Armour A 6 6 6 5% Amer Can 143 141% 143 141 Allcghaney Corn 33% 32 32 * 32--s Am Ice 37 36% 37 36% Am Woolen .... 16% 16 16 16% Assd Dv Goods .... 34 Bon Alum 53% 53 % 53% 52% Coco Cola ... ... 144% Cont! Can .... 61% 60% 61% 60% Cetainteed 14,'? Coslev ... 18% Congoleum .... 17% 17Ya 17% 17% Cutlss W 9% 9 9% 8% Davidson Cliem 34% 34% 34% 34% Dupont 128 128 128 127 Famous Plaves.. 65% 64% 64% 65 Gen Asphalt... 59% a9% 59 59% Fox A.. 33% 31% 32% 33% Gold Dust 45% 45*4 45% 43 Glidden 35 35 35 35 lilt Harvester.. 91 % 90% 91% 90% Kelvinator .... 13% 12% 13% 12% Lambert 105% 103% 104% 103% Loews 63% 63% 63% 63% May Stores ..... 57 Kolster 3% 3’* 3% 3% Montgom Ward.. 44% 43 43 43% Natl C R 78 77 78 78% Radio Keith .. 30% 29% 30 30 Owens 80tt1e.... 60% 60% 60% 60 Radio Corp .... 42% 41-% 41% 42% Real Silk 54% 54% 54% 54% Rem Rand .. 36'* 35%3336 3 36 Sears Roebuck.. 94% 92 93% 92% Union Carbide.. 94 1 * 97 93% 93 Warner Bros ... 60% 59% 59% 60% Un Air Craft.. 49% 48% 48% 48% Unlv Pipe ....... . ■ .. . 4 USCs Ir Pipe.. 27% 27% 27% 27% V S Indus Alco. .119 118 118% 118 Worthington Pu 83% 83% 83% 84% Woolworth Cos.. 66'* 66 66 66% Utilities— Am Tel & Tel.. 131% 229% 231% 228% Am Pr ft Lt.... 96% 96% 96% 9% Eng Pub Serv. . 57% 56% 56% 53% Am For Power.. 96% 96 96% 96 Am Wat Wks , . 106% 104% 106% 14 Gen Pub Serv.. 49% 46% 46% 43 Cos! G & E 92% 91% 92% 91 s * Consol Gas 115 114% 115 113% Elec Pow & Lt.. 66% 64 64% 64% Int T & T 69 68 68% 66 Nor Amer C 0.... 107'* 106% 107’* 105% Pac Light 92% 91% 92% 91% Pub Serv N J...SSi3’i 92U 93% 92% So Cal Edison.. 63% 63% 63 s - 63% Std Gas <fc E!. .124% 122% 123% 121% United Corp ... 40% 39% 40% 39 i Utilities Power.. 35% 35 35% 34% United G & Imp 39% 39% 39% 38% West Union Tel 215 212 212 216% Shinning— Am Int! Corn.. 43 *2 43% 42% At! Gulf *W I 73% 73% 73% 74 5 , Inti Mer M pfd 26 s , 26% 26 s , 26% United Fruit ..100% 100 100 100 Foods— Am Sue Rfg ... 64 64 64 64% Cudahv ... ... 45% California Pkg.. 70 70 70 69% Canada Dry .... 71% 71 71% 71 Corn Products.. 97% 97% 97% 96% Cont Bak <A>.. <7% 46% 47%- 46% Boibles 67% 67% 67% 67% Cuban Am Sugar 8% Grand Union ... 18% 18% 18*. 18% Grard Union pld 39% .tewel Tea . ... ... 51’ j Kraft Cheese .. 41% 47% 47% 47% Kroger 44% 44 44% 43% Loose Wiles ... 63 Natl Biscuit ...207 207 207 209% Natl Dalrv 52 51% 51% 52 Puritv Bak 83% 82% 83% 83 Loft 4% 4% 4% 4’, Stand Brands... 28 27% 28 27% Ward Bak fß>.. 6 6 6 Tobacco* — Am Sumatra 26% 25% 26% 25% Am Tob (81....229 226% 228 237 V, Con Clears .... 53% 53 53% 53% General Cigar.. 59% 59 59% 59 Lie & Myers 92% 92% 92V* 92% Loriilard 24% 24% 24*. 24% R J Reynolds.. 55 s , 55% 55% 55% Tob Prod B 5 4% 4% 4% United Cigar St 7 7 7 7 Schulte Ret Strs 10 10 10 10% NEW YORK COFFEE RANGE —Feb. 11— High. Low. Close. January 7.35 7.35 7.35*j March .44 8 43 8.44 1 Mav 7.90 7 88 7.90 | July 7.66 7.64 7.66 j September 7.54 7.50 7.54 1 December 7.36 7J5 7.36

HOG MARKET OFF IN DULL TRADE AT CITY YARDS Cattle Slow and Steady; Veals Unchanged at sls to Lower. Feb. Bulk. Top. Receipts. 6. $10.60 Vr 10.85 *ll.OO 4.000 7. 10.85® 11.10 11.15 5.000 8. 10.904i11.15 11.25 2.500 10. 11.00® 11.35 11.35 3.000 11. 11.1071 11.45 11 45 5.000 12. 11.10® 11.45 1144 5.000 13. 11.05(f/11.40 11.40 3,500 Porker prices were mostly 5 cents lower today at the Union stockyards, the bulk, 160 to 300 pounds, selling at $11.05 to $11.40. Receipts were 3,500; holdovers, 624. Cattle receipts were 900. Slaughter classes were slow, about steady. Veals were steady at sls down. Calf receipts were 500. The sheep market held steady with receipts at the 200 mark. Chicago hog receipts were 30.000, including 8,000 direct. Holdovers were 5.000. The market displayed little activity with prices asking higher. A few bids 10 cents up over Wednesday's average. Choice 180 to 210-pound weights brought $11.25 to $11.35; 230 to 240-pound weights were sll to sll.lO. Averages of 200 pounds brought SIO.BO. Cattle receipts were 6.000; sheep, 12,000. —Hogs— Receipts. 3.500; market, lower. Heavies, 300 lbs. up .$10.55® 10.95 250-300 lbs U.OOfall-la Med. wts. 225-250 lbs 11.20 200-225 lbs 11-30 Light wts., 160-200 !bs 11-40 Light Its.. 130-160 lbs [email protected] Light wts.. 160-200 lbs 9.504U0.2 Packing sows B.2o t<£ 9.50 -CattleReceipts, 900; market, steady. Beef steers. 1.100-1,500 lbs. .... „ good and choice $11,754x15.00 Common and medium 9.00@ 11.<5 Beef steers. 1,100 lbs. down. good and choice [email protected] Common and medium [email protected] Heifers. 350 lbs. down, good and choice 11-50@ 14.00 Common and medium [email protected] Cows B.oo® 9.50 Common and medium 6.50® 8.00 Lower cut'er and cutters 4.50® 6.00 Stocker and feeder steers. „ ~ good and choice [email protected] Common and meduim 7.004* 9.00 —Veals— Receipts. 500: market, steady. Medium and choice [email protected] Cull and common [email protected] —Sheep— Receipts, 200; market, steady. Lambs, good and choice $10.50® 11.25 Common and medium 8.50'S 10. do Ewes, meduim to choice 4.50® 6,50 Cull and common 2.00® 4.50

Other Livestock I! 11 United Press CHICAGO. Feb. 13.—Hogs—Receipts, 30,000; including 8.000 direct; mostly strong to 10c higher; top, $11.35; new high for season: bulk. 160-240 lb. weights. sll® 11.30; 250-320-lb. weights. $10.50® 11; packing sows. $8.85© 9.85: butchers, medium to choice, 250-350 lbs.. $10.25© 11; 200-250 lbs., $10.70© 11.35; 160-200 lbs., [email protected]; 130-160 lbs., $9.85© 11.25; packing sows $8 65© 9.85: pigs, meduim to choice. 90-130 lbs., $9.25© 10.75. Cattle— Receipts, 6.000; calves. 2,500: strong to unevenly higher market on fed steers and yearlings: trade active, starvation runs principal stimulus; best light yearlings. $15.25; slaughter classes; steers, good and choice, 1300-1500 lbs.. $13.25© 15.50; 1100-1300 lbs., $13.25 • 16; 950-1100 lbs., sl3© 16; common and medium. 850 lbs. up. *8.50© 13.25; fed yearlings. good and choice, 750-950 'hs--,,* 1 ?; 25 516: heifers, good and choice, 850 lbs. down. $12.25© 14.50: common and medium. sß'a 12.25; cows, good and choice, $8 @10.25. common and medium $6©8.25; low. cutter and cutters, ss© 6.25; bulls, good and choice beef. *8.50© 9 35: cutter to medium, $7 © 8.75; vealers, milk fed good and choice medium, $8.50 g>ll, cull and common. s7© 9.50; Stockers and feeders steers, good and choice, all weights, $10.25 ©11.50: common and medium. $8©.10.25. Sheep-Receipts 12.000- nothing done asking steady prices: choice light lambs, held $11.50© 11.75 or above: good to choice light lambs held [email protected]; fat ewes, quotable steady; feeding mbs nominal, lambs, good and choice. 92 lbs. down. *lo® 11.90: medmiu, $9.75© 10.50: cull and common, $8.75®9.75; meduim to choice. 92100 ibs. down. s9© 11.35; ewes medium to choice. 150-lb. down. $4.75©6, cull and common. s2©s; feeder lambs, good and choice. $9.25010.25. Bit Times Special LOUISVILLE. Kv.. Feb._ 13.—Hogs—Receipts, 900: market pigs 2ac lower: others steady 250 lbs. up. $10.80: 165 to 250 lbs., $11.4(5; 130 to 165 lbs. $10.70; 130 lbs. down. $9.30; roughs. $8.80: stags, $8.20. Cattle— Receipts. 100: .market, steady, prime heavy steers, sll @ 12. 50; heavy shipping steers, slo© 11: medium and plain steers $8.50*10; fat heifers. sß© 12: good to choice cows. s7© 9; medium to good cows. $5.50© 7: cutters. $5 25© 5.50: canners. $3,504( 5: bulls. $9.25; feeders. $8 10.75; stockers. $7.50® 11. Calves —Receipts 250- market, steady; tops. $12.50; good to cho’ice, sll ©12.50; medium to good. s9© 11: outs. $8 down. Sheep—Receipts—00. market steady to 50c to $1 lower; ewes and wethers. $10.S0©11: buck lambs $9.50 @10; seconds. s6© 8; sheep. 54.a0©5.50; Wednesday's shipments cattle. 196; calves. 254; hogs! none; sheep, none. Bu United Brest CINCINNATI. Ohio, Feb. 13.—Hogs—Receipts. 1.200; held over 240; butchers steady to lQc higher; bulk good and choice 170 to 230 lbs.. $11.65; load or two 180 to 200 lbs., $11.75; heavier hogs scarce; bulk 120 to 160 lbs.. $10.75 to mostly $11: packing sows steady to weak. $8.75© 9. Cattle—Receipts. 325: calves. 275; quoted steady; not enough to define prices: lower trend indicated for most classes; a few cows. $8.50 down; common bulls around SB.OO down; vealers uneven, choice grades 50c higher: others steady: top. sls: bulk. SlO-ST3. Sheer*—Receipts 100; steady: best lambs offered *114iT1.50; throwouts and bucks, s9@lo: good light ewes. $5.50. Bu United Pres* TOLEDO. Feb. IS.—Hogs—Receipts. 800; market. 10c higher: heavies. $10.40© 10.75: mediums, $11.25© 11.40: Yorkers. $10.50® 10.85; pigs. $10.40© 10.85. Cattle—Receipts, light,; market, steady. Calves—Receipts, light: market, steady. Sheep and lambs—Receipts, light; market, lower. Bu United Press CLEVELAND, Feb. 13.—Hogs—Receipts. I. holdover 601: steady to 10c higher; 150-260 lbs., $11.50 ©'11.60; load carrying much wider assortment of weights. $11.33: pigs. $10.75: sows, $8.50@8,75; stags, $6 ©6.75 Cattle—Receipts. 150: fairly active, fullv steady, spots higher on $7 to $9 common to good cows, cutter grades. s6® 6 mostly; load medium steers. sll 25. Calves Receipts. 300: fully steady with Wednesdav’s close, tetter grades sl6© 17. cull to medium. slo© 15 according to kind. Sheep —Receipts. 1.300: slow, weak to lower; medium lambs. *lo®ll. selling exceptionally close to better grades quotable around [email protected]; sheep scarce. Bn United Press PITTSBURGH. Feb. 13 Hogs—Receipts. 500: market, around 20c higher; 150-220 lbs., mostly sl2: 230-300 lbs., $11.50® 11. 100-130 lbs.. sll ©11.50: sows. $9 ©9.50. Cattle—Receipts. 25; market, unchanged. Calves—Receipts, 75: market, steady; good and choie* vealers. sl4 50 © 16 "Sheep—Receipts. 250: market, steady, few 70-90 lb. lambs, sll @l2. Bu United Press EAST BUFFALO. Feb. 13.—Hogs—Receipts. 700: holdovers. 1.900; weights below 200 lbs. active, 15®25c mostly 15c over Wednesday's average, weightier kinds steady; bulk. iSO-200 Ibs.. $11.75: 240-270 lbs.. $11.25® 11.50; 130 lbs. down. sll© 11.50. Cattle—Recepts. 200: fairly active, fully steady; medium heifers and steers. $10.50© 12: cutter cows. s4© 6.25. Calves— Receipts, 100: vealers. unchanged. $16.50 down Sheep—Receipts. 400: holdovers. 600: lambs, draggy steady: oualitv and shores considered near choice, handvwetghts. sl2: 87-95 lbs. sll ©11.75; medium and strong weights. SIO.SO@U: clippers. $10.50. Bu United Press FT WAYNE. Ind.. Feb. 13.—Calves—Receipts, 25: sheep. 50: hogs, 300: hog market 10c up; 120 lbs. down. $9.85; 120140 lbs., $10.35: 140-160 lbs., $10.85: 160200 lbs.. $11.25; 200-225 lbs.. $11.15; 223*>so lbs., $11; 250-300 lbs . $10.80: 300-350 lb* , $lO 50: roughs. ss.so; stags . $6: calves. sls: iambs, $10.50. Child Burned by Grease Burned Wednesday night when a kettle of hot grease on a table tipped on her. Dorothy Adams, 17-month-old daughter of Mr. and Mrs. Herchel Adams, of 616 North Davidson street, was attended at city hospital and then taken home. Her burns are not serious.

THE INDIANAPoUs TIMES

Produce Markets

Eggs icountrv runi—Loss off delivered in Indianapolis. 30c: henery duality. No. 1 35c; No. 2. 27c; No. 3.20 c. Poußrv (buying prices)—Hena weighing 4% lbs. or over. 24%c; under 4% lbs., 21c: Leghorn hens, 20c: springers. 5 lbs. or over. 22c: under 5 lbs.. 20c: spring Leghorns. 15c: stags. 15c: cocks. 12®14e: capons. 8% lbs. or over. 29c; capons. 7% lbs or over 27c: capons and slips, 5 jbs. and over 25c; canons. 5 lbs. and under, 23c: ducks, full feathered, fat. whites. 15c. These prices are for No. 1 too ouallty. quoted by Klcgan & Cos. Butter (wholesale)—No. I. 40341 c: No. 2. 39® 40c. Butter—37c. Cheese iwnotesaie selling price per ?oundi —American loaf. 31c: pimento loaf. 3c; Wisconsin firsts. 27c; Longhorns. 24c: New York limberger. 38c. Bv United Press NEW YORK. Feb. 13.—Flour—Quiet and Arm; spring patents, $6.34416 75. PorkSteady; mess. *28.50. Lard—Firmer: middle west spot. $11.35® 11.45. Tallow—Dull; special to extra. 7®7%c. Potatoes —Steady; state, $3.75® 4.60; Maine. s2@s 40: Bermuda. s7® 13; Long Island. 51.50® 6.40. Sweet potatoes—Quiet; southern bassets. $1.25®1.50; Jersey basket. [email protected]. Dressed turkeys. 27® 43c: chickens. 18® 40c; capons. 28® 47c; lowls, 187-0 33c: ducks. 14® 20c; ducks. Long Island. 23® 25c. Live poultry—Steady to firm: geese. 13® 27c; ducks. 14@28c: fowls, 22®29c; turkeys. 20®35c: roosters, 18® 19c; chickens, 21®28c; capons. 23@35c: broilers. 25® 36c. Cheese—Quiet; state whole milk, fancy to special. 24@26c; young Americas, 21%@24%c. Bu United Press CHICAGO. Feb. 13.—Eggs—Market weak: receipts. 18.676 cases: extra firsts, 37%c; firsts, 36%@37c: ordinaries. [email protected]: seconds, 31c. Butter—Market firm: receipts. 14.867 !übs: extras. 36%c: extra firsts, 35%e: firsts. 33@34%c: seconds. 31®32c; standards. 36%c. Poultry—Market firm; receipts. 3 cars: fowls. 25c: springers, 27c; Leghorns. 22c; ducks, 17® 18c: geese, 14c; turkeys. 25c; roosters. 19c: broilers, 30f® 32c. Cheese—Twins. 19%<fi20c; young Americas. 21c. Potatoes—On track, 262; arivals, 84: shipments, 817; market barely steady; Wisconsin sacked round whites. $2.40® 2.55; Minnesota and North Dakota sacked round whites. [email protected]; Minnesota and North Dakota Red River Ohlos. $2 55® 2.60; Idaho sacked russets. *[email protected]. Apples, $2.50® 4 per box, western. Bu United Press CINCINNATI. Feb. 13.—Butter—Steady: creamery in tub lots, according to score, 36® 37c; comnfon score discounted 2® 3c; packing stock. No. 1. 22c: No. 2,18 c: No. 3. 13c: butterfat, 33@35c. Eggs—Steady; cases included, fresh gathered. 40c: firsts, 38c seconds, 36c; nearby ungraded. 39c. Live poultry—Thin and coarse stock sells onlv at heavy discount: fowls, 5 lbs. and over. 24c: lbs. and over, 24c: 3 lbs. and over. 24c. i ef,horns. 3 lbs. and over. 23c; roosters. 17c stags. 21c; capons. 8 lbs. and over. 33c; under 8 lbs., 32c; slips. 21c; fryers, 3 lb',.. 32c; 2 lbs. and over, 35c; broilers. 1% lb. and over. 38c; 1% lbs. and over. 38c; Leghorn broilers. 1% lbs. and over. 30c; roasting chickens. 4 lbs. and over. 29c; black springers, 20c. Rit United Press _ . CLEVELAND. Feb. 13.—Butter—Extras. 40%c; extra firsts, 39@39%c: seconds. 31® 1 32c. Eggs—Extras. 42c; firsts. 41c. Poultry— Fowls, 28® 29c: medium. 27c; Leghorn, 24c: heavy springers. 27c; Leghorn springers. 20®22c: ducks. 22®26c: old ducks, 18c; geese, 13®20e. Potatoes —Ohio and New York. $4.25® 4,35 per 150-lb. sacks: Maine Green Mt„ $4.50 per 150-lb. sack; Idaho Russet. $3.85® 4.15 per 100-lb. sack.

Foreign Financial News

Bit United Brens . . . LONDON. Feb. 13.—The, wheat crisis gradually is being dissipated, according to Herbert Greenfield, agent general for Alberta. Canada, who explained the situation In a speech before the Canadian Chamber of Commerce in Great Britain. said the Canadian wheat pool was justified in withholding its crop from the market, because Cane-da can not meet the prices at which Argentina has been Se There would be no profit at these prices for the small, high-grade Canadian crop, he said, and to sell now would mean a deficiency cf 40,000,000 pounds sterling in Canada s buying power. oNDOFLFeb* 13.—A syndicate has been organized, it was learned todav. to place 1.500.000 pounds sterling 'n 4 per cent debentures of the Buenos Aires Great Southern Railway on the London market at a price of 74. LIVERPOOL. England. Feb. 13.-. The first shipment of live beef ever received from the union of South Africa hat at rived here, the forerunner of an attempt to Increase beef dominions and fewer cattle from the atconsignment consisted of seven-ty-nine graded shorthorns. They arrived iii good shape.

Investment Trusts

-Feb. 13 Asked. American Founders, new 26% 27% Basic Industry Shares 8 9? Corporate Trust Shares 9 9 * Fixed Trust Shares A 20*1 ... Fixed Trust Shares 8.... 18 * ... Investment Trust of N \ f H Leaders of Industry n * jN. American Trust Shares.... 9 t 10 Petroleum Trading corp A... 20 ao 9 W Strauss Inv Cp Units o 2 s iid In the Air Weather conditions in the air at 9:30 a. m.: Northwest wind. 12 miles an hour; barometric pressure, 29.96 at sea level; temperature, 32: ceiling, 1,500 feet; visibility ten miles; field soft. Arrivals and Departures Curtiss-Mars Hill Airport—H. Young, Pittsburgh to St. Louis, Bellaca Pacemaker; C. Hoffman, Buffalo to St. Louis. Aristocrat monoplane; J. B. Neill, Detroit to St. Louis, Challenger Robin; H. Myers, Roosevelt .field. Long Island, to St. Louis. Ireland amphibian. Hoosier Airport—E. W. . Cleveland, from Cleveland to St. Louis, Travel Air monoplane. Capitol Airport—Martin R. Young of Gary, Indianapolis to Kokomo; D. K. Brown. New’ York to St. Louis, Travel Air plane; M. J. Bassing, Detroit to St. Louis, Swallow biplane; Glen Mohler and Brooks Bushong, Indianapolis to Muncie and return. Eaglerock biplane. T. A. T. Carries 29 Passenger service on T. A. T. air line westbound through Indianapolis increased to twenty-nine passengers Thursday, most of whom where headed for the international aeronautical exposition in St. Louis. The line will run a double-header daily during the St. Louis show, according to Charles De Voe, local manager. - Lindy Makes Tests Bu United Press LOS ANGELES. Feb. 13.—While he waited for favorable gliding winds, forecast for today, Colonel Charles A. Lindbergh spent his time testing the new’ Lockheed-Sirius monoplane recenty built for him at the Lockheed plant In Burbank. Propeller test flights occupied the flier Wednesday. Aided by an engineer, he experimented with various pitches of the blade to obtain maximum speed. A measured course was used in making the test flights. Kester to Exhibition Captain W. R. Kester, this city, aviation representative of the Standard Oil Company of Indiana, will leave Friday on a T. A. T. airplane for St. Louis, where he will have charge of the Stanavo specification board booth at the International Aircraft Exposition. Fund Secretary to Speak David C. Liggett, executive secretary of the Indianapolis Community Fund, will speak to the Exchange Club at luncheon Friday at the Lincoln.

WEAK FOREIGN REPORTS SEND WHEAUOWER Supply and Demand Felt to Be Bearish Point in Situation. Bu United Press CHICAGO. Feb. 13. Wheat opened unevenly lower on the Board of Trade today due to the weak foreign cables. Liverpool was dull and easy with a slow demand and large Russian and Argentine offerings, but firmed up late to *s cent higher to % cent lower. Buenos Aires opened lower and continued to recede, being 1% cent lower around noon. Corn was off with wheat, but oats showed individual strength on the rise Wednesday at Winnipeg. At the opening wheat was unchanged to % cent lower, corn was unchanged to ’s cent down and oats was % cent higher to J i cent lower. Provisions were weak. Liverpool had no action of consequence Wednesday and Winnipeg closed firm. This morning, however, Liverpool opened lower than expected and was to ’g cent lower shortly after noon. Traders are of the opinion that the market will not sustain large advances or losses while the government stands ready to absorb the surplus, The supply and demand situation Is bearish. Interest in corn has been increasing while the market has held a relatively firm tone due to light receipts and a good cash demand. Larger receipts are expected today, owing to the holiday Wednesday. Winnipeg oats made a good advance Wednesday which may be reflected here during the day. Should it do so, there will probably be some profit-taking owing to the general uncertainty surrounding ail grain markets.

Chicago Grain Table —Feb. 13WHEAT— Prev. High. Low. 12:00 close. March 1.20 1.18 1.18% 1.19 May 1.24% 1.22% 1.23% 1.23% July 1.25 1.23 1.24'% 1.34% CORN— March 89 .88 .88 .89% May 92V* .91% .92 .92% July 94% .93% .94 .94% OATS— March ...... .45% .45% .45% .45% May 46% .46% .4?% .46% July 46% .46 .46 .46 RYE— March 84 .84 .84 .84 Mar 85% 84 .84% .85 July 85% .85 .85 .85% LARD— March 11.00 11.00 11.00 10.97 March 11.17 11.15 11.17 11.17 July 11.40 11.37 11.40 11.40 Bv Times Stnecinl CHICAGO. Feb. 13.—Carlots: Wheat. 7; corn. 150; oats. 23; rye, 4. and barley, 5.

Local Wagon Wheat

City grain elevators, are paying sl.ll for No i red wheat and $1.07 for No. 2 hard wheat. RADIO STOPSSUICIDE Cops Break in Home, Find Man Inhaling Gas. Because of the police radio, Walter Vanasdale of 226 North Addison street was in a city prison cell, on vegrancy charges today, instead of in a morgue. Telephoning a relative he was going to end his life, Vanasdale at midnight Wednesday night, went to the basement of his home, placed a rubber tube from a gas jet into his mouth and covered his head with a sheet. The relative telephoned police and an emergency car, warned by the police radio, made a run to the home. Vanasdale was unconscious w’hen police broke in a window to gain entrance. Domestic troubles were given by him as cause of his action when he was arrested on a vagrancy charge.

GARMENT STRIKE ENDS Employes Return to New York Firms on Two-Year Contracts. Bu United. Press NEW YORK, Feb. 13.—Sewing machines hummed again today in thousands of New York dressmaking establishments as 22,000 workers returned to work, ending an eight-day strike. Two-year contracts were signed Wednesday night by representatives of- the International Ladies’ Garment Workers’ Union, and the organizations of employers. The union won most of its demands leaders of all factions agreed the new contracts would do much to stabilize the industry and act as a deterrent against sweatshops. Births Bays Harry and Zora Smith. 1235 North Alabama. Fredrick and Catherine Hessler, 411 South Holmes. William and Mary Belkes. 3541 East Michigan. Frank and Nina Nlckleson. 6 North Keystone. Walter and Pearl Cravens. 3764 East St. Clair. Michael and Hannah Bradey. 2247 Linden. Frank and Mary Rodez. 1128 North Warman. Frank and Louise Oliver. Methodist hospital. William and Anna King:. Methodist hospital. Verner and Lucille Keller. Methodist hospital. Robal and Octavia Johnson. Methodist hospital. Girls Robert and Cynthia Burney. 607 West Seventeenth. Clyde and Beulah Wright, 6186 Evanston. Albert and Dorothea Heillger. 1922 East Washington. Thurman and Marguerite McAfee. 2309 Station. Clebum and Margaret Hopkins. 1638 Quill. Frank and Anna Sipe. 525 South Harris Fred and Eunice Tavenner. Methodist ht ßo|y ß |and Wadema Pickens. Methodist Lot and Marv Green, Methodist hospital. Sam and Ruth Dobbs. Methodist ssosoi Raymond and Mary Smith, 1803 Koehne. Deaths Isaac Humblis. 72. 139 West McCarty, cardio vascular renal disease. Rachel Ann Hunt, 52. Methodist hospital, chronic interstitial nephritis, James Burton Morgan. 63. Methodist hospital, uremia. _ James Randall Platan, 8, Riley hospital. tonsllitls. Erneat Andrew Loop. 50. 3942 North Delaware. mvocarditis. Alice Hettinger. 7|, 1731 North Capitol, mitral insufficiency.

Business and Finance

Bu United Press WASHINGTON. Feb. 13—The total resources of 7,408 national banks in the United States, Alaska and Hawaii on Dec. 31, were $28,882,483,000, Comptroller of Currency Pole announced Wednesday. This was an increase of $958,173.000 over the amount reported by 7.473 banks on Oct. 4, 1929, the date of the previous national bank call, Pole said. R;i United Press WASHINGTON. Feb. 13.—Th Wabash Railroad asked the Interstate Commerre Commission Wednesday to modify Us condiitonal authorization of a *17.867.000 4% per c*nt bond issue, to permit the company to use holdings of Lehigh Valley Railway stock as collateral against future loans of the Wabash. , The board of directors of the Central Indiana Power Company has declared a quarterly dividend of I s * per cent on the outstanding 7 per cent cumulative preferred stock of the company, payable March 1, 1930, to stockholders of record Feb. 20. 1930. Bi' United Press BIRMINGHAM. Ala., Feb. IS—William H. Coverdale. president of Gulf States Steel Company, denied on arrival here that sale of its properties to interests controlled by Cyrus S. Eaton. Cleveland. 0., is “even being considered.” Bu United Press WASHINGTON, Feb. 13.—Abandonment by the Northwestern Pacific Railroad Company of a thirty-six-mtle line extending from Point Reyes to Monterio. Cal., was authorized in a supplemental report issued by the Interstate Commerce Commission. According to officials of the Woolworth Company the net income for 1929 amounted to $35,664,000. equivalent to $3.66 per share, compared with $35,886,000 or $3.63 per share for 1928. Current assets amount to $51,503,000 and liabilities to *3,035,000 compared with *54.071,000 and $3,325,000 respectively at the end of 1928. Cash showed a decline of *10,000,000 and inventories and increase from $33,118,000 to *39,816.000. December total gross earnings for the Great Northern Railway were $7.407. (MM) against SB.B?3.(MM> in 1928 and net operating Income of $1,950,000 compares with $947,000 for the previous year. Twelve months’ gross earnings totaled $125,933,000 and net operafug income was $32,457,000 compared with a gross of $126,737,000 and net of $31,294,000 for 1928. CHICAGO, Feb. 13.—Annual report of the Ainsworth Manufacturing Corporation for the year ended Dec. 3. 1929, shows net profit after all charges Including reserve

Chicego Officials, Relief Group in Financial Fight

Oratory Flows,'but Action Is Distant: Situation Grows Worse. BY MERTON T. AKERS United Press Staff Correspondent CHICAGO, Feb. 13.—0n the tenth day after the city council instructed Mayor William Hale Thompson to co-operate with the citizens’ ‘‘relief committee,” headed by Attorney Silas H. Strawn, the city administration and the Strawn group still were at loggerheads while conditions among more than 43,000 unpaid employes of local governments hourly grew more desperate. Meantime a rumor, denied by Mayor Thompson's wife and friends, persisted he had engaged passage to sail Monday from New Orleans for Tampa, Fla. Politics, blamed in many quarters for the plight of bankrupt Chicago, entered the situation on the other side of the fence today. Officials, fearing the long delay in pay rolls will turn their constituents against them in the April primaries, made genuine efforts to find a way out of the predicament. Superabundance of words and complete absence of action characterized the last twenty-four hours’ activities in council chamber, committee meetings, and public gatherings. City Controller George K. Schmidt still awaited word from Robert C. Heller. New York investment banker, as to whether he would buy some $27,000,000 in tax anticipation warrants. No word of warrant sales had come from H. Wallace Caldwell, president of the board of education, who has been canvassing New York banking houses. He is expected to return Friday.

BANDITS IDENTIFIED IN THEFT OF HONEY Woman Recognizes “Sweet Robbers” From The Times Pictures. Pictures of two alleged bandit youths in The Times Wednesday afternoon resulted in identification of two “sweet thieves” by Mrs. J. Haas of the Brookville road near Arlington, police say. Seeing the photographs of Roscoe Parsons, 19, of 719 Lord street, who was shot and killed in a gun battle with two Terre Haute police officers after two filling station holdups Tuesday night, and that of Joe Facconi. 17, of 112 South Davidson street, alleged companion of Parsons, who was wounded and captured, Mrs. Haas called police to identify the two. They stole fifteen pounds of honey from her roadside stand last November, she charged. OBSERVE MAINE SINKING Annual Memorial Service Will Be Held at Ft. Friendly. Annual memorial service in commemoration of the sinking of the U. S. S. Maine will be held at Ft. Friendly. 512 North Illinois street, at 8 Friday night by Major Harold C. Megrew camp No. 1, United Spanish War Veterans. Other patriotic organizations are invited to attend, according to Homer S. Blount, camp commander. English camp, United Spanish War Veterans, also will observe the event. An exercise will be held at the Fletcher Place M. E. church Sunday in memory of Harry J. Keyes, Indianapolis boy killed in explosion of the Maine. His mother, Mrs. Tlllie Turner, 708 North New Jersey street, will be present.

federal taxes of $1.040.1P 1 , equivalent to *6.47 per share on 160.665 shares of common stock outstanding at the end of the year. This compares with a net profit of $663,573 or *4.13 a share on the same number of shares outstanding for the year ended Dec. 31. 1928. The preliminary report* for the Bell Telephone Company, coverings operations In 1929 indicate that operating revenue will be in the vicinity of $39,500.900, which would compare with $36,721.000 for 1928. Net earnings for the Bratilian Traction for the first twelve months ended Dec. 31. 1929, before depreciation and amortization. amounted to $28,052,000 compared with *24.869,000 in 1928.

MERGER ENDS PENNSY HOPES B. & 0. Acquires Control of B. R., & P. Railroad. Bu ficripps-lloieard Xetcs/ia/.er Mlinw■ WASHINGTON. Feb. 13.—Action by the interstate commerce commission in authorizing the Baltimore & Ohio Railroad Company to acquire control of the Buffalo, Rochester & Pittsburgh Railway Company was a heavy blow at the Pennsylvania system and seems to end prospects of the Loree controlled Delaware & Hudson being one of the major eastern trunk lines. These were opinions expressed in financial circles of the first important merger decision announced by the I. C. C. in recent months. By getting control of the 600-mile road, the Baltimore & Ohio is assured an important link in its proposed new through line from New York to Chicago, which will lop off eighty miles from the present B. & O. trackage between these two points and make its line only four miles longer than the present distance over the Pennsylvania. The decision is believed completely to end hopes L. F. Loree may have of getting his proposed new short line from Pittsburgh to New York, coming as it does after the commission had previously denied the application of the Delaware & Hudson to lease the 8., R. & P.

OLD CAR SALES HURTING TRADE Rural Dealers Feel Effects of City Competition. Bu United Press DETROIT, Feb. 13.—The automobile market was being steadily depressed this week, according to best authorities. Manufacturers and dealers proceeded cautiously as conditions tending to narrow the market continued to prevail. Automobile Topics said: ‘‘Conditions affecting the automobile market are still declining as dealers in increasing numbers report bafi weather, slack employment, low prices for the products of agriculture and tight money. Apparently the areas affected in this way are increasing, and in these circumstances it is natural that reports of new and usee’ car sales should reflect continued shrinkage ‘‘Trading, as usual, presents the most perplexing feature of the retail situation. Used car stocks are generally high and encumbered in many instances by slow moving numbers. There are complaints too, in a number of instances of the movement of cars into territu ries where sales are normal, to the detriment of local businesses. Rura 1 dealers complain that the saturated condition of used car markets in neighboring cities with consequent low prices, is drawing their trade away.”

Gone, but Not Forgotten

Automobiles reported to police as stolen belong to: Ernest Clements. 352 West Merrill street, Ford roadster, from Maryland and California streets. Frank Forth. 257 North Addison street, Ford sedan, from Pennsylvania and South street® S. B. Stroud, 1040 West Twentyninth street, Buick coupe. GO-767, from New York and Meridian streets.

BACK HOME AGAIN

Stolen automobiles recovered by police belong to: Edna Thorne, 2805 East Michigan street, Ford touring, found at Ohio street and Senate avenue. Walter Lytle, 3420 North Meridian street, Hudson sedan, 77-330, found at Montcalm street and Indiana avenue.

SPEED TYPING SLATED World's Champion in Appearance Before School Classes. A series of speed demonstrations on a typewriter will be given by George L. Hossfield, world's cha.n • pion typist. Friday. He will appear at Manual Training high school. Central Business college and Sanderson Business college. Hossfield’s speed average Is approximately 135 words a minute. Building Permits Durbenee Shopping Bag (Harry Sohn . dwelling. 701 South Holliday. $6 000. W’. T Stevens, reroof. 2457 Shelbv. *2OO. C H. Malor.e, garage. 2322 Caroline, $285. Arthur Fellows, garage. 2830 East Eighteenth. $245 Emanuel Hart, garage. 935 North Sheffield. $245. Paul Brown, garage. 126 South Bancroft, *245. Amoe Edwards, garage, 1339 North Perthing, $345.

PAGE 13

BUILDING SLUMP IS PREDICTED IN GUARD'S REPORT Steel Production Remains Below That of Two Previous Years. Bn United Press ‘ WASHINGTON. Feb. 13.—A continuation of the business slump, which started late in 1929, into the new year, was reported here by the federal reserve board. Steel plants increased their operations somewhat during the first three weeks of January, the board said in a summary of business conditions, but were considerably under activity in either 1928 or 1929. Further decreases were reported in the output of copper and lumber although production of crude petroleum increased. Building contracts declined in December, the board said, citing residence contracts as of small volume and pointing out large decreases in awards for commercial buildings and public works and utilities. An increase in the lines was noted during the first half of January. According to the report, nearly all industries suffered larger than seasonal reductions in December. Exceptions were the food industries and coal production, the former showing little change while the latter increased. Department store sales reflected the decrease in industrial activities, j the report shewed. Stores in leading cities reported their sales at 2.5 per cent smaller than in 1928. Easier credit conditions were rcI ported in January when the return : flow of 8470.000,000 of currency j from circulation after Christmas enabled member banks of the fedi eral reserve system to reduce their indebtedness at the reserve banks to $400,000,000, the lowest level in two years.

GROUP INSURANCE ADOPTED BY CLUB Travelers Company Sells SIOO,OOO Group Policy Here. The Columbia Club of Indianapolis has adopted a plan of group life insurance which provides more than SIOO,OOO of protection to 200 employes. The insurance has been given to the employes free, since the club is paying all the premiums under the plan. Ranging in amounts from SSOO to $2,000 inclusive, the insurance made available to employes is based on length of service, starting with a minimum of six months. After service of a year, tlie insurance will be increased by $250 until the maximum protection offered is reached by such annual increases in the sixth year. Increases will be effected at the first of each year. The plan was negotiated by Le Roy G. Gordner, and was underwritten by the Travelers Insurance Company of Hartford, Conn. Details of the program were complete with E. P. Akin, secretary and manager of the Columbia Club.

r. M. C. A. TO START MEMBERSHIP DRIVE 1,000 Goal of Campaign Opening Tonight; Ogden Presides. Y. M. C. A. campaign for 1,000 members will open at 6:30 tonight with a dinner at the Central Y. M. C. A. James M. Ogden, attorneygeneral of the state, former Y. M. C. A. president, will preside. Ira C. Dawes and A. H. Godard, Y. M. C. A. geir al secretary, will speak. C. C. Isaac, membership secretary, will pive instructions to workers'. Four division., will conduct the campaign under leadership of W. M. Springer, R. J. Duke. W. F. Ncussell and Alex Corbett Jr. Each leader wiP' ve four captains and each ten team members. The campaign will close Feb. 24. Reports will be made Feb. 17, 19, 21, and 24.

The City in Brief

FRIDAY EVENTS American (hrmiral Society dinner. Chamber of Com merer. Exrhtfnijr* Club luncheon, TJnroln. Optimists Club luncheon. Clavpool. AHrusu Club luncheon. Columbia Club. Knights of Columbus luncheon. SpinkArms. i*h DcUa ThPta luncheon. Chamber of Commerce. First nrcl Republican Club meeting, Compton hall Master Painters’ Association luncheon. Flks Club. Ind.-anapolis Found Tr.ble luncheon, Lincoln. Delta Tau Delta luncheon, Columbia Club. Reserve OfTicers Association luncheon, Boirrl of Trade. Delta Chi luncheon. Spink-Arm*. Indiana Weeklv Press Association convention. Charles Ward, Chic *"o, secretary of Northwestern University Alumni Association, will speak at a dinner of Indianapolis alumni of Northwestern in the Lumlev tearoom, 1540 North Meridian street, at 6 Friday. Benjamin Harrison camp. Sons of Union Veterans, will give an oldtime melodies concert at Caleb Mills I hall, Shortridge high school, at 8 | Saturday night. Paul V. McNutt, past national ; commander of the American Legion, will be the principal speaker at a dinner meeting of the Men's Club, j of the First Presbyterian church at 6 Monday night. Dr. C. E. Kenneth Mees of the Eastman Kodak Company, Roches* ; ter. N. Y., will be the principal speaker at a dinner of the Indiana section of the American Chemical Society in the Chamber of Com- ; meree Friday night. "The Produo ! tion of a Photographic Image" will I be his subject. Ipalco Club of the Indianapolis Power and Light Company met i Wednesday in the Morris street adi ministration building. Meter connection and testing was discussed. William Habeney. club superintendent, and Tom Ayton, meter testinf department, were co-chairman of the meeting.