Indianapolis Times, Volume 41, Number 257, Indianapolis, Marion County, 7 March 1930 — Page 25

MAR. 7, 1930

SPECIAL ISSUES ARE FEATURED IN STOCK MART Loews Is Leader, With Gain of 5 Points: Steel Irregular.

Average Stock Prices

A’-rragc of “hirtv Industrial* for T dav •*<. 274 51. :r 392 A-.rw* of '.w.ntv va lorse ap SS Average a: lortv bonds wa* 9*31. :p .14. Bv I nU-d /•.... NEW YORK, March 7.—Amusement hares featured the trading on the stock market in the early part of the session today. Most prices advanced above Thursday’s sliny and trading became some--1 ha’ more active for a time, al- * hough around noon tickers were ,;hle to print odd-lot quotations, usually left until after the close. United States Steel erept above • prevents close and other indus■’.al leaders moved forward fractions to 4% points, the best gain being made by Johns Manville, vhich reached 142’-. American Can around noon was at 142’:, up 1: General Electric exdividend 78%, up 'i. and Bethlehem Steep] 101%, up 11. Loew's was the leader of the amu omints, reaching anew high ior the vear at 70’.. up 5 5 L, and Warner Brothers Pictures also made anew 1030 top at 70, I’-. Fox held unchanged. Oils continued in demand, featured bv Atlantic Refining, which rose a point to 43’ . Houston was up 1 at 78 and Texas Land Trust at anew high for the year at 20 up Foods turned active around midsesssion. with Borden. National Dairy Prciduets and Kraft Cheese in demand. Utilities sagged off with t.he exception of American Telephone and International Telephone, which moved up fractionally. American Power and Light rose more than 3 points to 106%. Several special Issues were higher, including Brunswick Balke at 19%, up 1 : Burroughs Adding Machine. ,00%. up Pi; Cutler Hammer, 86. up 2’-; Mengel Company, 20%. up 11; Warren Brothers, 180%, up 51 i: Worthington Pump, 105’., up 3*: Peniek Sz Ford. 40’. up 1% , and Canada Dry Ginger Ale, 74’,, up 1%. Call money renewed at 4 per cent with concession made in the outside market at 3’ per rent. Searchlight Saves Policeman Du If. Id Pi; ... DETROIT. March 7.- Patrolman Caesar Pessina escaped possible serious injury when a bullet, tired at him by one of four thugs, struck the searchlight he was holding and was deflected.

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New York Stocks ■—-———— ( g v Thomson A McKinnon ———————

—March 7 i Railroad*— Prev. High. Ut. 12 Os) close, I Atchison 237236% 237% 234 At i Coast Line.. .. ... . 172 Fait A- Ohio 118% 117% 118 117 Canadian Par 203 203’. ! Che** A Ohio 230 229 230 231 % Che.a Coro ... .. 741* rjit A N West . 86% 35% 86', *5 1 Chi Grt West .... . .. . 13 % C R I A P 120 Or! A Hudson 173% i !>. A Larka . 144 143% i Erie 60 59% 39’, 60 I Erie Ist pfd.... ... 65 65 I Grt. Nor 97% 97’* Gulf Mob A Oil 42’ 2 42’ ■ 42’* i I Central ... 1 Kan Cif. South _ 78% Lou A Nash ... ... 132 Mo Pac . .. 98’a M K A T ... 54% 54'* 54% 55% Mo Par pfd 145 145’, N V Central .167 186 186 186’, Y NH A H 123 122% 122% 124% Norfolk A West 248 O 4- W .. 14% ! Pennsylvania 83% 83 33’* 82% Sou’hern Rv .. 125’, 125 125 125’* southern Pac 122 S' Paul .. .23’.' 23 * 23’a 23 1 2 ■S’ Paul pfd 41’* 41’, 41’, 41% S’ L A S W . . . ... *63 S* L A S F 110. Union Pacific . 225’, 226 West. Maryland . 28'4 28 28 27% West Pac ... ... 24 3 , It libber*— Ajax 3'a 3’ 2 Goodrich . 48 . Goods ear 87% 87’. 87% 87 Kells -Spgfld • 4% 4 % 1 Tinted States.. 27% 27% 27% 28% Equipments— Am Car A F'dv.. . ... . . 78 Am Ixxomotlse. ... 99 99% Arn steal Pd. 47% 45% 47 47% Am Air Brake Sh ... 51’i ... Man Elec Sup.. 35"% 35% 35% 36 Gen Elec 'new 79'* 78 73 78% Gen Rv Siena! 94’* 94% G"is Am Tank .105% 104% 105% 103’, N Y Air Brake 45 Pressed S*l Car .. 14% 14 Pullman ... . 82’, Westlneh Air B 49% 49% V.'estineh Elec ..193% 192 192% 193’, Steels— Am Rol Mills 94 Bethlehem ... . 101% 101 101% 100% Colorado Fuel ... 54 55 Crucible 85% 85% 85% 87 Gulf States St! 72% 71% 72% 72% Otis ... , 3J Rep Iron A Stl 76% 75% 76% 16 42% 41 1 2 41 ’ 2 42 j Newton • ■ 51 } U S Steel . . .183% 182', 182% 182% AlloV ...: 32% 33 j Warren Fdy 29”* 29’, | Youngstwn Stl 142 1.38 141 '34% | V'anadium Corn 76% 75 76 75 ‘* j Motors— Am Bosrh Mae . 50% 49% 50% ... Briggs 14% 14% 14% 14% t Brookway Mot... ... 15% 15% J Chrvsler Corp.. 38% 37’* 38 38% 1 Eaton Axle ... ... 34% 34 j Graham Paige.. 9% 9% j Bore Warner 46 45% 45% 45% | Gabriel Snubbrs ... .. . 8% Geneva! Motors. 42% 42 42’,4 42 Elec Stor Bat.. ... 75'" Hudson 56% 56% 06% 56;'* Haves Bofiv Corp .. _7; 2 Hu op . 21' '* 21% Auburn 233 230 230 232% Mack Trucks... 84 83 83 83% Marmon •• - 29% 29 s Reo 13'* 13% Gardner • • • . .5, Motor Wheel... 29% 29% i NaHi 47% 46% 46% 4/ Packard 20% 20% 20% 20% I Peerless 13% 12% 13 13 ! Pierce Arrov ... 2.3% ... I Sluriebaker Cor. 41 1 42% ! Sti v Warner . 40 39% 39% 39% Timken Bear. .. 78% 78 78% 78 . VVllivs-Ovei land. 9’, 9% 9% 9 1 Ye 'low Coach.. 19% 19% 19% 19's White Motor ... 35% Mining— Am Sm“!t & Rfg 75’, 7.t i•’ 75 * Am Metals • 48 48% Am Zinc . . . .•■ D ! Anaconda Con 75% ”4% 74 , i4% | Calumet a Aria 81% Calumet A- Heels .. . . 29 2 29 2 | Crrro de Pasco . 6 n % 60% | Dome Mine.s 8% 3 8 8 ' Granbv Corp - 5'% * Inspiration Con 29% 29 29% -9 Howe Sound .... 83 , 38 j Int Nickel .. .. 40% 39 * 40% 40 , ; Kennecoti Con . 59%. 58% >9 59 Maema Cop. ... 49% 49% 49% 49 Nev Cons 29% 29 * Texas Gul Sul., di •*, 61 61 61 St Joe 53 54'., U’ S Smelt 30% 30 Atlantic Rfg.... 43% 42% 43 42% Barnsdall IA .. 23% 23 23% 33 F'reeport-Texas.. 42 41 s * 42 41 . Houston Oil.. 78% 76% 78% <7 2 | Ir.dp Oil A Gas 22% 1 Conti OU . .. 21% 21% 21% 21% ! Mid-Cont Petrol . ■ 26 I

, Lago Oil A Tr 22% 22% 22% ... 1 Pan Am Pet 8.. 53 53 53 53% ; Phillips Petrol.. 35% 35% 35% 35 Prairie Oil ... .. . 45 Union of Cal ... 43 43 43 <3 Prairie Pipe ... 54% 54% 54% 54% Pure Oil 22% 22% 22% 22% Roval Dutch 50% 50% 50% 50’* Richfield 25 25% 25% 25% Snell 22% 22% 22 % 22% Simms Petrol ... ... 25' Sinclair Oil.. . 24% 24% 24% 24% fltd OH Cal 60 60 60 60% Std Oil N J 62% 62 62 62 % Std Oil N Y 32% 32% 32-% 32% Tidewater 12 11% 12 12 Texas Corp 53% Texas C A O . 9% 9% 9% 9% Transcontl .... 8% 8% 8% 8% White Eagle ... 27% 27% 27% ... Industrials— ■ Acv Rumelv 18% Allis Chalmers . 63 62% 62 * 62% Allied Chemical 270 270 270 270 A M Bveis. ... 91 89 91 88% Armour A . ■ 5% Amer Can ... .142% 141% 142% 141% Alieghaney Corp 33 % 33 33 32% Am Safety Kaz . ... 63% Amer Ice 37% 37 3i% 3• Am Woolen ... ... 16’z A-ssd Drv Goods. 43% 41% 43% 41 Bon Alum 52% 52% 52% 53% Cora Cola 150% 150% 150% 151 Conti Can 67% 66% 67% 67 Ccrtainteed .... 12% 12% 12% 12 s * Crosley . 17% 17‘2 17’ 2 17% Congoleum .... 16% 16% 16 3 , 16 , Curtiss W 12% 12% 12% 12% Davidson Chem.. 38 38 38 Dupont 127 126’% 176% 126^ Famous Platers 69% 63% 09 69 Gen Asphalt 59% 58% 59 58% Pox A 55', 34% 34% 34% Gold Dust 43% 42’, 42% 43’y Glidden 35’k 34% 31’, 3-t’s Int Han ester.. 94% 94% 94% 94's Kelvinator ... 16% 16 16% 15% Lambert 107% 10’ 1 107% 107' Loews 78 74 lx 78‘s 73% May Stores 57% 56% 57% 56 Kofster 2 3 , Morugom Ward 46'.- 45 3 * 46% 46 Natl C R 76% 76 76 76’z Itatdio Keith 32 31% 31’* 32 Radio Corp.... 49 48% 48% Real Silk 57% 57% 57% 57% Rem Rand .... 39 38% 39 39 Sears Roebuck.. 90 % 89 89% §9_* Union Carbide.. 95% 94% 95% 94_, Warner 8r05.... 69’* 68% 69’i 68 V Un Air Craft... 63% 62% 62% 62% Univ Pipe 4 3 * 4% 4-* 4% USCs Ir Pipe. . 32%333,1 3 , 32% 32% U S Indus Alco 120’% 120% 120% 119% Worthington Pu 105% 102% 1 * Woolworth Cos.. 66% 64% 66% 64 Am* Tel* A~ Te1..240% 239’-.. 239% 240% Am Pr A Lt.,.106’* 103’* f?”,' Eng Pub Serv.. 58% ->7 ■ aB% 57, Am For Pur... 92”, 92% 92 * 93 * Am Wat Wks 107% 107% 107% 108 Gen Pub Serv.. 46',, 44% 46% 45 Col G A E ... 93% 93'* 93% 93% Consol Gas ....122 122 122 122 Elec Pom A Lt. 71 3 , 71% ]iy 4 72 Int T A T.... 69’ 69 69 68 * Nor Amer Cos.. 11 % 116% 116., 11* % Pac Light 91 % ■ z Pub Serv N J.... 97 96% 9b% 96 a So Cal Edison.. 60% 60 s , 60 * 80. 4 Std Gas A El.. 118’* 118’., 118% 118% United Corp .... 40% 4040 40 z Utilitles Power.. 33% 38% 38 * 38 , United G A Imp 38% 38% 38% 38 2 West Union Tel 21t> , 214 214 .14 2 Shipping— Am Inti Corp... 4i% 46% 4, : a 46 2 Am Ship A Com 13,l 3 , 13,l 3 , * , 4 4 Atl Gulf AW I•• Inti Mer M pfd 27 3 s 2,% .< * 2r,a United Fruit.. 9A6 95 * 9o a 96,2 Foods— Am Sug Rfg ... .. ••• --i Cudahy 45 45 4o 44 4 California Pkg.. 76% ‘5% 4 Canada Dry. . 73% 72 4 *3 ’? 4 Corn Products.. .. ■ ??-,* Cont 3ak IAI.. 44 * 43% 13 * 44 2 Borden 71 70% 70% .0% Cuban Am Sug.. 1% 7- i t o Grand Union.. . 19'* 19 * 19 * 19 Grand Union pfd 40% 40% 40 '0 4 Jewel Tea 56% 6% 56-,, 56 Kraft Cheese .. 48 47% 48 48 Kroger 41% 41% 41% 41% Loose Wiles ... 66’* 66% 8660* Natl Biscuit ....220 220 219 2 Nat! Dairy 50’, 49% 50% oO Purity Bak 84 83% 83% 84 * Loft 4% 4'* 4% 4% Gen Foods .... 52% 52% 52% 52 * Stand Brands.. 20% 26% 2b , 26 2 Tobaccos— Am Sumatra 22 22 22 li Am Tob B 244 241 241 244% Con Cigars 54% 54 z 04, 2 54,2 Lig'T' Mvers r :.lo? 106% iS? iog R° r j * 3 Revriolds. . 55% 55% ,55% 55% Tob Prod B. .. 4% 4% ' 4% 4% United Cigar St ••• ’’ 4 Schulte Ret Strs 9 9 9 8%

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Friday. Murch 7, $4,560,000: debits. $8,061,000. CHICAGO STATEMENT fin United Press CHICAGO. March 7.—Bank clearings, $88,800,000; balances, $4,000,000. NEW YORK STATEMENT Bu United Pres-; NEW YORK, March 7.—Bank clearings. $1 224.000.000; clearing house balance, $161,000,000; federal reserve bank credit balance. $151,000,000. TREASURY STATEMENT Bu United Press WASHINGTON. March 7.—The treasury net balance for March 5. was $35,344,454.26: customs receipts for the month to that date were $6,225,387.86: expenditures for that, date were $7,933,780.68.

In the Stock Market

’By Thomson & McKinnon) NEW YORK. March 7.—Naturally. the local reserve bank's failure to j reduce its rediscount rate comes as : a surprise, but we may as well ac- j cept the popular theory that politi- j cal expediency prompte dthe politiponement of such action. There is ample justification for assuming that with the bill rate substantially under the present rediscounting charge, and with the European money rates generally relaxing it is ; but a matter of a week or two until j our own rates will again be lowered. ] Perhaps the increase in brokers’ loans was somewhat larger than had ! been anticipated but with the total still 50 per cent below last year’s peak, we may dismiss the subject as an adverse influence on the market. For that matter, we prefer to construe the moderate increases in 1 loans as favorable in that they seem clearly to indicate a revival of pub- j lie confidence and participation. A , fairly good idea as to the attitude j of banking interests toward the ; outlook can be had from the latest move to bring about a merger of local institutions, which would result in the largest bank in the world. It is not. likely that such a consolidation would be undertaken if the future was not viewed in banking circles with considerable optimism. Assurance from the farm board that wheat prices would be stabilized should remove one more discouraging factor as an influence on the security markets. We adhere to the opinion that the current phase of the recovery movement, interrupted only by occasional periods of technical correction, can go considerably further.

Local Wagon Wheat

Citv grain elevators are paying $1.02 for No. 2 red wheat and 97c for No. 2 hard wheat. Marriage Licenses Roeel Smith. 21. of 2410 Cornell., clerk, ana Johnnie Msi Moore. 20, of 1815 Yandes. maid. Samuel Solotkin. 22. of Greenfield, merchant. and Lillian Goidbers. 21, of 567 Highland drive. James E May. 24. of 937 Fayette, mechanic. and Bernice Robinson. 22. of 2106 Highland place. Sherlev K. Taylor. 22. of 624 North La Salle, mechanic, and Nora A. Howe, 22, of 3309 East Michigan. William Grayson. 82, of .Acton, shoe mender, and Elmira E. Crouch Mcßride. 70. of Acton. James M Crump. 46. of 517 East Fourteenth. butler, and Bertha E. Pryor. 35. I of 2729 Boulevard place, cook. NEW YORK COFFEE RANGE March 6 - High. Low. Close. (January 7.68 7.68 7.68 .March' 8.70 £.69 8.70 Mav 8.41 8.39 8.33 ; July 8.14 BX3 8.08 September 7.97 7.88 7.88 December 7.70 7.68 7.58

THE INDIANAPOLIS TIMES

PORKERS SHOW STRONG TREND AT CITY YARDS Cattle Market Generally Steady: Sheep Trade Unchanged. Feb. Bulk. Top. Ftecelpts. 28. $10.90% 11.50 $11.50 7,000 March. 1. 10:5547 11.15 11.15 4.000 3. 10.554,1 1.15 11.40 3.509 4 10.704,11.00 11.00 8.000 5. 10.654, 11.20 11.25 5.000 ' 6. 10.654, 11.20 11.25 4.500 7. 10.654, 11.30 11.35 4.000 Despite good receipts and fairly large holdovers the hog market exhibited strength this morning at the Union stockyards, prices ranging from steady tc 10 cents higher than Thursday’s average. The bulk. 150 to 275 pounds, sold for $10.65 to SI 1.30. Top price paid was $11.35. Receipts were 4.000; holdovers, 772. j Cattle were generally steady, reI ceipts numbering 600. Veals were I steady at sls down. Calf receipts were 700. A definite higher tendency was j noted in the sheep market. Receipts were 200. Chicago hog receipts were 14.0Q0, including 1,500 directs. Holdovers were 3,000. Today’s market opened 10 to 20 cents higher than Thursday's average A few loads of 160 pound averages sold for sll.lO to $11.20; 230 pound weights at sll. Cattle receipts were 3,500; sheep, ; 14,000. —Hogs— Receipts. 4,000; market, higher. Heavies, 300 lbs. tip $10,004, 10.35 ; 250-300 lbs 10.504i10.65 ’ Med. wts.. 225-250 lbs 10.85 ; 220-225 lbs 11.004,.11.20 Light wts.. 160-200 lbs 11.204 r 11.35 I Light Its.. 130-160 lbs 10.314,10.85 Light wts.. 160-200 lbs 9.504, 10.10 Packing sows 8.25 S' S.oo -CattleReceipts, 600; market, steady. Beef steers, 1,100-1,500 lbs.. good and choice $11.754714.50 Common and medium 9.00(§,11.75 Feed steers. 1.100 lbs. down. good and choice 12.004J14.7d Common and medium [email protected] Heifers. 850 lbs. down, good and choice Il.ooiiyl3.po Common and medium [email protected] Cows, good and choice 8.004,. 9.00 Common and medium 6.0047, 8.00 Lower cutter and cutters .... 4.o0& 6.00 Stocker and feeder steers. _ good and choice [email protected] Common and medium 6.50 si 9.50 —Veals— Receipts. 700; market, higher. Medium and choice $11.0047 15.00 Cull and common 6.50® 11.00 —Sheep— Receipts. 200; market, higher. Lambs, good and choice $10.004711.00 Common and medium ; 8.504, 10.00 Ewes, medium to choice 4.25® 5.50 Cult and common 2.00®, 4.^5 Other Livestock Bn T'nitrd Prexa CHICAGO. March 7. —Hogs—Receipts. 14,000; including 1.500 direct; market unevenly 104, 25c higher: top. $11.25: bulk, j 150-240-lb. weights, $10.75® 11.20: 250-300- ; lb. weights, $10,354, 10.75; big weight i butchers down to $10: butchers, medium I to choice 250-350 lbs., $9,904, 10.75; 200-250 i lbs.. $10,504,11.25; 160-200 lbs., $10,504, i 11.25; 130-160 lbs.. $104,11.20; packing sows. $8.65®9.90: pigs, medium to choice. 90-130 lbs. $9,254, 10.85. Cattle—Receipts, 3,500: calves. 1,000; mostly steady trade, but less active than earlier in week; fat cows’2sc under week's high time, but still higher for week; weight fed steers in best demand; top, $14.50; slaughter classes, steers, good and choice, 1.300-1.500 lbs., $13.25® 15.25; 1,100-1.300 lbs., $13,254, 15.75; common and medium. 350 lbs. up. $94,13.25; fed yearlings, good and choice. 750-950 lbs., $1347 15.75; heifers, good and choice, 850 lbs. down. $11.504214.25; common. and medium, [email protected]; cows, good and [email protected]; common and medium, $6478: low cutter and cutter. $4.70@ 6: bulls, good and choice, beef, $8.254,9.50; cutter to medium, $6.75428.50; vealers, milk fed, good and choice, $114215; mestockers and feeders, steers, good and choice, all weights, $10,754, 12; common and medium, SB4, 10.75. Shep—Receipts, 14,000; market fairly active, steady; good and choice. 84-93 lbs., mostly $10.50: several loads, choice. $11:. heavies, $10; fat ewes, $5.85 down; feeding lambs, nominal; lambs, good and choice, 92 lbs. down, $lO 4,11.25: medium, $9.50® 10.25; cull and common, $8.504,9.50; medium to choice. 92100 lbs. down, $8,754, 10.75; ewes, medium to choice, 150 lbs. down. $4.75®6; cull and comon. $2,254,5; feeder lambs, good and j choice, $9.254, 10.25. ft,n Times Special LOUISVILLE, March 7.—Hogs—Receipts, 700; market 5c higher; 300 lbs. up, S10.05: 225-300 lbs. 510.55: 165-225 lbs.. $11.25; 130-165 lbs.. $10.45; 130 lbs. down, $8.55; roughs, 58.15: stags. $7.55. Cattle Receipts, 200; market steady: prime heavy I steers, $114,12: heavy shipping steers, $lO if; medium and plain steers, $8.504210; fat heifers. $84712; good to choice cows. $6 504i8; medium to good cow’s, $5.50476.50; i cutters. $54,5.50; canners, $3.50® 4.75; bulls, $84,8.50; feeders. sß® 10.75; Stockers. $7.50 t,i 10.50. Calves—Receipts. 200; market ! steady; tops. sl2; good to choice, $10.5047. j 12' medium to good. $8,504, 10.50: outs, i $7.50 down. Sheep—Receipts. 50; market, j steady; ewes and wethers, $104,,10.50; buck j lambs, [email protected]; seconds, $6®7.50; sheep. $4.504,5.50. Thursday’s shipments: Cattle. 107; calves, 101: hogs, 147; sheep, none. Bii United Press CLEVELAND. March 7.—Hogs—Receipts, I, holdovers, 714; mostly steady; 240325 lbs . 154,25 c lower; bulk downward to $10.50 or under; most 150-260 lbs. mixtures. $11.25® 11.40: top. $1150; pigs. 510.75; rough sows. $9: stags $7. Cattle —Receipts. 175; Thursday's late arrivals and scattering steers. SI 1.35 downward today; weak to 25c lower than Monday: medium to good kind Thursday, $12,104, 12.75; common to medium offerings, $10.254,. 11. few low cutter and cutter cows i around $447 5.75; steady; calves, receipts. I 400; vealers, 50c; spots. $1 lower; better i grades around $154,16; medium kind. sl2 l(„14. Sheep—Receipts. 1,000; steady; good | clipped lambs $10: few good aged wethers, ! $6.,5; wooled lambs scarce; quality plain. i By United Press \ PITTSBURGH, March 7—Hogs—Receipts, 2,000; market, steady; underweights 1 ana pigs tending lower; 150-220 lbs., $11.50 4,11.70; 230-250 lbs.. $114,11.40; 260-300 jibs.. $10.504710.75; 100-130 lbs., mostly ; $11; sows. $947 9.50. Cattle —Receipts, none; i calves, receipts, 125; market, steady; top vealers. sl6. Sheep—Receipts. 350: mar- ' ket. strong to 25c higher: handyweight : wooled lambs, $1247 11.50; clippers. $9.50 J 4210.25. ; Bu United Press i CINCINNATI. March 7.—Hogs—Receipts. ; 3.310; including 1.810 direr*; beldover. 585; ; uneven: butchers. 160-230 lbs., 5 to 15c I higher; other, steady; numerous sales. 160240 lbs., mixtures. $11.40; good and choice. | 170-210 lbs.. $11.50: few, 240-250 lbs., $11; ! some around 280-290 lbs., $10.50; bulk. 120i 160 lbs.. $11: lighter pigs. $10.75 down; j most sows. $8.75: few, $9. Cattle—Receipts. 200; -calves. 175, steady; handy ! weight butcher offerings, strong; good I around l.!00-lb. steers. $11.25; odd head. ■ good light yearlings up to sl3; bulk plain j steers and heifers, $10@12; cutter and I common cows, strong; low cutter and good i cows, slow: bulk, common to good cows, ! $7 (7 8.50: bulk low cutter and cutter. $54,. 6.50: bulls, slow. $74,8.50; vealers. uneven; opened. $1 to $1.50 higher: closed, slow at advance: top. sl6; good and choice, sls® 16: bulk medium, $114,13.50. Sheep—Receipts. 75; steadv; good to choice light lambs up to $11: heavy, $lO down; choice light ewes, up to $6. BURGLARS ROB STORE Pry Iron Bars from Window: Obtain Merchandise AVorth S2OO. Seven iron bars were pried off a window at the W. R. Smith department store, 1509 Southeastern ave. nue, Thursday night by burglars who took S2OO in merchandise, police were informed. Court to Be More Formal Bu United Press TIPTON. Ind.. March 7.—lnformality has been dealt a blow in Tipton circuit court. Under anew rule, all persons within the railing in front of the judge's bench, will remain standing from the time order is called until the judge is seated.

New York Bank Stocks

National Rank* Bid. Ask. ! America 127 i Chat Phenlx National ... 126 129 National City 238 240 1 Fifth Avenue 3.360 3.550 Harrlman National 1.400 LSOO I Manhattan Cos 131 132 2 Trust Companies 1 Bankers . 145 147 ! Cent Hanover 350 358 Chem Bank and Trust.... .9% EC 4 j Corn Exchange 210 213 1 County 227 23. Enuitable 118 Manufacturers Hi H 9 New York .. 266 269 1 United States 3.250 3 400

Produce Markets

j Eggs (country runi-Loss off. delivered ; in Indianapolis. 20c; henerv quality. No. 1. | i 22c; No. 2. 19c. „ . . . Poultry 1 nuving prices’—Hens, weighing 4% lbs or over. 24c; under 4% lbs , 23c; : Leghorn hers. 22c; springers. 4 lbs or over. 21c; under 4% lbs.. 21c: broilers. ' ' 1930. 25c; old rocks. 12® 15c; capons. 8 2 I lb. or over. 30c; capons. 7% lbs. or over, 27c; capons and slips £ lbs. and j ! over, 25e; capons, 8 lbs. and under. 23c: j ducks, full feathered, fat. whites, 14c; I i geese, 10c. These prices are for No. 1 top ; quality, quoted bv Kingan A Cos. Butter ’wholesale’—No. 1. 39®.40c; No. 2,374,48 c. Butter—3sc. I Cheese (wholesale selling price per I pound’—American loaf. 31c; pimento loaf. 23c: Wisconsin firsts. 27c; Longhorns. 34c: New York limberger. 36c. I Bn t 'nfted Press CHICAGO. March 7. Eggs- Market, uni settled; receipts. 28,121 cases; extra firsts I 24’ -1; 25c; firsts 23%®24c; ordinaries. 22 1 7 23c; seconds. 21c. Butter—Market, steady 1 I to firm; receipts. 10,579 tubs; extras 35%c; I extra firsts, 34® 34%c: firsts, 314,33 c; secI onds. 294,30 c; standards, 35%c. PoultryMarket, weak. Receipts. 4 cars; fowTs, 24c: springers, 29c; Leghorns, 25c; ducks, 204,23 c; geese. 14@15c; turkeys. 25c; roosters, 20c: broilers, 34c. Cheese —Twins, 19® 19 He: voting Americas. 20 %C. Potatoes —On track, 233 cars; arrivals, 72 cars; shipments, 907 cars; market, dull; Wisconsin sacked round whites, $2.40® 2.55; Min- ; nesota and North Dakota sacked round : whites $2.30® 2.40; Idaho sacked Russets, ; $34, 3.25. Bu United Press CINCINNATI. 0., March 7.—Butter— ; Steady; creamery in tub lots according to ; score.' 344,35 c; common score discounted 2 7 3c; packing stock No 1,22 c; No. 2,18 c; No. 3,13 c: butter fat. 31®33c. Eggs—i Steady: cases included; fresh gathered, i 24c- ‘firsts, 23%c; seconds. 22c; nearby I ! ungraded, 23%c: duck eggs, 32c; goose. 51 Live poultry—Thin and coarse stock sells only at heavy discount; fowls. 5 lbs. ‘ and over. 26c: 4 lbs. and over, 29c; 3 lbs. : and over. 29c; Leghorns. 3 lbs. and over. 28e • roosters. 18c; stags, 28e; capons. 8 ; lbs. and over. 35c; under 8 lbs., 33c; slips, 1 21c; frvers, colored, 2 lbs. and over, 38c; ; I broilers", l"- tbs and over, 45c; 1% lbs. land over, 40c; Leghorn broilers. 1% lbs. 1 1 and over. 37c; black springers, 23c. i Bu United Press I NEW YORK. March 7.—Flour—Dull and steadv: spring patents. $64,6.40. Pork \ Steadv; mess, S3O. Lard —Easier; middle ’ west "spot, $10.8047 10.90. Tallow-Quiet; ■ I special to extras. 6%4,6%c. Potatoes—New ! steadv. old easv; Long Island. $14,5.75 bbl.: southern, $2,504, 8: state. $3.40® 4.25: I Maine. $1.754,4.90; Bermuda. $547 12. Sweet j I potatoes—Steady: southern baskets, 75c®> | $1.65: Jersey baskets. 50c® $2.60. Dressed poultry—Firm; turkeys, 27®42c; chickens, 18® 40c; capons. 28® 42c: fowls. 17®30c; j ducks. Long Island. 224, 25c. Live poultry I —Geese, 13.47 21r: ducks. 144, 25c; fowls. 32 ,34c; turkevs. 254,42 c: roosters. 184,19 c; I chickens. 23® 35c; capons. 35®'40c; | I broilers. 304,45 c. Cheese—Quiet: state j whole milk, fancy to special. 24@26c; I young Americas. 22® 25c.

Indianapolis Stocks

—March 7 Bid Ask. i Amer Central Life Ins C0..1,606 Beit R f> A S Yds Cos com.. 61 64 Belt R R A S I’ds Cos pref.. 55 60% Bobbs-Merrill Cos 29% 33V“Central Indiana Pow Cos pref 90 95 Circle Theater Cos common. . 105% j Citizens Gas Cos common .... 27 | “Citizens Gas Cos pfd 96 100 j ! ‘Commonwealth L Cos pf 7"c. 91 'Commonwealth L Cos pf 8%.. 98% ; Hook Drug Cos. common new, 23% Ind Hotel Cos Clavpool com. ..125 | Indiana Hotel Cos pref 100 j‘lndiana Service Corp pref .... 80 • Indianapolis Gas Cos common. 56 61 Hndpls Power A Lt Cos pfd..102% 104% ! Indpis Pub Welf Loan As com. ,52 I Indpis St Ry Cos pfd 29% 30% ’lndianapolis Water Cos pfd... 97 : Interstate U S Cos pr 6% L pf 87% 91 I Interstate P S Cos pr 7% L pf.lol 103 ! “Metro Loan Cos 98% Northern Ind Pub 6% co pfd 96 100'. I Northern Ind Pub 7%, Cos pfd.lo4 107 j ! Progress Laundry Cos. common 46% 49 | E Raub A Sons Fer. Cos pfd.. 50 ... i i Real Silk Hosiery M, Inc. pfd 90 Shareholders Investors Cos ... 24 ... Standard Oil Cos of Ind 52% ... ; “Terre Haute Trac A L Cos pfd 70 Union Title Cos common .... 42 50 ] Van Camp Prod Cos Ist pfd.. .. 98 j Van Camp Prod Cos 2nd pfd. .. 98 i •Ex-Dividend. —BONDS— Belt R R & Stock Cos 4s 90 Central Indiana Gas Cos 55... 98 Central Ind Power Cos 6s .... 98% ... Citizens Gas Cos 5s 101% ! Citizens Street Railroad 55... 47 Gary St Rv Ist 5s 71 Home T A T of Ft Wavne 6s. 101% ... Ind Northern Trac Cos 5s ... 3 6 Ind Ry A Light Cos 5s 95 Indiana Service Corpn 55.... 85 Indpis Power and Light Cos 5s 97 100 ] ! Indiana Union Trac Cos 5s ... 5 Indpis Col ASo Trac 6.s 96 100 ! Indianapolis Gas Cos 5s 98% 100 j Indpis A Mart Rapid T Cos 5s 21 Indpis No Trac Cos 5s 9% 13% j Indpis North Western Cos 55.. 21 Indpis Street Rv 4S 43V* 46% Indpis Trac A Ter Cos 5s 93% 94 ! ,4 Indpis Union Rv 5s 100% ... Indpis Water Cos 5%s 101 Indpis Water Cos 5s 92 Indpis Water Cos lien & ref.. 92 Indpis Water 4%s 91 % 93 Indpis Water W Sec Cos ss. 84 Interstate Pub Serv Cos 6%5...101 ... Interstate Public Service Cos 5s 97% ... Interstate Pub Serv Cos 4%5.. 88% ... I No Ind Pub Serv Cos 5s 98 |No Ind Telegraph Cos 6s 96% ... T H Ind A East Trac Cos 5s 65 T H Trac A Light Cos 5s .... 90 ! Union Trac of Ind Cos 6s .... 17 22 —Sales—- | Interstate TT. S. Cos 6® pf., 3 shares 87%

The City in Brief

State convention to nominate a i state ticket of the Prohibition party will be held at the English hotel, March 20, an announcement today | stated. Sessions will be held in the morning, afternoon and evening. Approved measuring devices for gasoline filfing stations will be described to the Scientech Club of i Indianapolis at its luncheon Mon- ! day at the Chamber of Commerce, by I. L. Miller, chief chemist de- ; partment of weights and measures, state board of health. General meeting of the Better Cleaners and Tailors of Indianpaolis. Associaton will be held at 8 Monday night in the Denison hotel. Directors of the Indianapolis Hui mane Society will meet in the society's office, 703 Inland Bank building at 7:30 Monday night. EXPEDITION TO SEEK INDIAN BATTLE SITE Institute Chief Hopes to Discover Early Conflicts' History. Bv ftcienet tier rice WASHINGTON, March 7.—Scene of the last stand of the Calusa In- | dians, when they fled from the | Spaniards in the seventeenth cen- ! tury. will be explored by Matthew, i \T. Stirling, chief of the bureau of j American ethnology of the Smith-: sonian Institution here when he j j cruises on the yacht Esperanza j among the Ten Thousand islands, between Charlotte harbor and Cape Sable, Fla. Mounds and other evidences of this aboriginal Indian tribe may exist in that area near the tip of the Florida panhandle, and with the aid of Lee Parish of Tulsa. Okla., whose eighty-five-foot yacht will furnish transportation. Stirling hopes to bring back information that will add details to the meager history of Spanish-Indian conflicts in Florida’s early days. The expedition will be gone several weeks.

GRAIN MARKET UNSETTLED ON NEWS REPORTS Conflicting Factors Have Dampening Effect on Futures. Bu United Press CHICAGO. March 7.—Wheat was unevenly higher to lower as the Board of Trade opened today under conflicting news. Farm board action was bullish, but lack of storage room is bearish. Liverpool was lower shortly after the opening, but firmed up and was Ts cent to 1 cent higher at mid-afternoon. Buenos Aires opened higher but was % cent lower to R cent higher shortly before noon. There was scattered buying and selling, with traders at a loss as to which side to take. Corn was lower but oats was uneven. At the opening wheat was % cent lower to 1 2 cent higher, corn was unchanged to % cent lower and oats was Vs cent lower to % cent higher. Provisions were steady. While Chairman Legge’s statement reiterating the fact that the farm board was in the cash and futures market to stay was regarded as constructive by the trade, the order permitting car lot deliveries on the track is bearish and accentuates the lack of storage space here and at other terminals. The trade is further depressed by the unnatural delay in export business. Weather over the southwest, Kansas and Nebraska has turned colder with snow, freezing temperatures and high winds. Liverpool was not. as high as expected. Trade in corn has been largely local lately and while the situation is fundamentally bullish the unsettlement in wheat is preventing any constructive operations. Oats continues its lamb-like servility to the major grains, although the feed situation is generally bullish.

Chicago Grain Table —March 7 Prev. WHEAT- High. Low. 12:00 close. May 1.13% I.ll', 1.13 1.13 % July 1.11% I.lo’s 1.1 l 1.10 Sept 1.13% 1.11", 1.12% 1.12 CORN— May 85% .84% .84’* .85% July 88 .87 .87% .87% Sept, 88% 88 .88% .88% OATS— May 44% .43% .44 43% July 44% .43% .44% .43% Sept . 43% .43% ,43% .43Vi RYE— May 71% .70% .71 .70% Julv 74 .73% .73% .72% Sept 75% .74% .75% .74% LARD— May 10.65 10.52 10.62 10.55 j Julv 10.87 10.77 10.85 10.77 j sept 11.07 11.00 11.07 11.60 j Bu Times Special CHICAGO, March 7.—Carlots: Wheat, 25; corn. 262; oats, 22; rye, 2, and barley, 12. In the Air Weather conditions in the air at S 9:30 a. m.: Northeast wind. 15 miles an hour; barometric pressure, 29.37 at sea level; temperature, 38; ceiling, 600 feet; visibility, three-fourths mile; field fair. Arrivals and Departures Curtiss-Mars Hill Airport—G. F. Doolittle, South Bend to Bloomington, Waco plane; Elvin Tarkington, Curtiss-Wright sales manager, to Columbus, 0., and return, Robin; Lawrence I. Aretz and Richard Arnett. from Lafayette to Indianapo- j lis, Waco; W. R. Boyd. Chicago to i Columbus, 0., Fleet plane; R. Ogden, St. Louis to New York, Challenger Robin; Embry-Riddle passengers included Mr. and Mrs. H. W. Deitrich of Noblesville, who returned from Cincinnati, and W. H. Clark, Indianapolis, a passenger to Chicago on Ford plane: T. A. T. passengers were E. P. Knight, Boston; J. P. Round and E. A. Innis of Columbus. O. Capitol Airport—Charles Lovewell. Richmond to Kalamazoo, Mich.; Robert Orr. Chicago to Huntington. W. Va. Fairchild; Howard Brock, St. Louis to Grand Rapids. Mich.. American Eagle plane; Betty Jones, St. Louis to Detroit, Stinson. Hoosier Airport—G. S. Heller, St. Louis to Pittsburgh, Travel Air, overnight. Flight Record Goal Bn Vnitfd Truss DETROIT, March 7.-With the world’s long distance nonstop flight their goal, two veterans of the air— Lieutenant Commander George R. Pond of Southern Cross fame, and j Captain Herbert Partridge—today! made final preparations for their good will tour to Buenos Aires this month. # Anxious to be off, the men pushed final load tests and motor checks at the Stinson factory’. They hope to fly to New Haven. Conn.. Saturday or Sunday, from where the takeoff on the long distance flight will be made. Five mid-air refuelings en route i are schedule with one other ar- j ranged for emergencies. Beats Stork That the airplane Is faster than j the stork was proved to O. H. Casi well of Cincinnati, 0., who was visiting In Indianapolis Thursday when he was informed his daughter, Mrs. Nethyl Neff, had been rushed to a maternity hospital in Dayton. Chartering an Eaglerock plane at Capitol airport, piloted by Charles Hack. Caswell arrived in Dayton fully four hours ahead of the stork. lINDY THROWN BY PONY Polo Horse Drags Flier 25 Feet; Victim Uninjured. Bv United Pres DEL MONTE, Cal., March 7. Colonel Charles A. Lindbergh, having escaped injury in a fall from a polo pony, today planned to witness the famous Argentine polo players in their match with the Cypress Point poloists. Thursday Colonel Lindbergh took a surprise hop from the back of $ spirited polo pony, and was dragged about twenty-five feet before he could extricate his foot from a stirrup.

Business — and — Finance

The Studebaker Corporation and subsidiary companies, including the PierceArrow Motor Car Company, for the year ended Dec. 31. 1929. reports net saj_e> amounting to $145,303,834 as against 3! 128.879 in 1929. a decrease of 18 per cent, and net profits of $11,928,261 as compared with $12,654,156. a decrease of 5., per cent After reserves for the Fierce-Arrow Class A minority stockholders' interest and preferred dividends on Studebaker and Pierce-Arrow preferred stock- there remained $10,846,578 net profits of 19-9 applicable to Studebaker common stork This was $5 53 per share on the 1.9t.1.3:>8 shares of stock outstanding at Dec. % 1929 or 5.5.69 per share on the average number of shares outstanding during tne year. The corooration's nei ° r ° n 's m 1928. excluding Pierre-Arrow, we re $ 13.94,. ■ 181, or $7.16 per share on 1.815.000 shares outstanding. The eleventh consecutive quarterly divdend on United States Electric IJtht and Power Shares, Ine., trust certificates series "A” was distributed on March 1. This distribution in cash totaled $693,000. equivalent to 68 cents per share on the 1,020,000 shares cut standing as of that date. Dividends paids on the "A" certifieates during 1929 were $2.89 per share. NEW YOP.K. March 7. Serve!. Inc. annual report for 1929 shows large Increases in the gas absorption refrigeration business as reflected in net profits of $791.2-9 before extraordinary deductions amounting to $1,347,172 in the compressor division ana other small deductions, resulting in a net loss for the year of $599,887. This compares with net income of $236,398 lor 1928. The report also shows important increases m capital structure and book value of the common stock. DETROIT. March 7.—Record earnings for 1939 of $11,684,557 are reported by Burroughs Adding Machine Company, after deductions for depreciation, taxes and all other charges. This is equivalent to $3.33 a share on the 5,000,060 shares of non-par value stock outstanding at the close of the year, as compared with earnings of $1.65 a share on the same number of shares for 1928. Constructive forces for the most part, ruled both the stock find bond markets in February when new public offerings of securities aggregated $600,981,210 in the American market. according to the monthly investment review of Lawrence Stern A Cos., investment bankers of Chi- ! cago and New York. CHICAGO. March 7.—Approximately 40 per cent increase in sales was gained in February by the Bendix-Cowurey Brake Tester, Inc., subsidiary of the Bendix Aviation Corporation. Increased orders represent domestic and foreign sales, according to F. IV. Parks, president of the company. Three substantial increases came from Uruguay. In its annual report for the year 1929. maae public today. American Water Works anti Electric Company, ine.. reported consolidated gross earnings of $54,119,004, a new record and a gum of $3,074,314 over gross for the year 1923. WILLIAMSPORT. Pd.. March 7.—Lycoming Manufacturing Company, a division of Auburn Automobile Company, reported a 250 per cent increase in the number of motors released for delivery March 1. the beginning of the second quarter of the fiscal year 1930, compared with releases on Dec. 1. the beginning of the first quarter. The annual report of The Borden Company—the first report of any kind issued by the company on its 1929 operating results—reveals an impressive record of sales and earnings never before equaled in the seventy-three years since the business was founded by Gail Borden. The past year was one of marked progress and devolpment and was characterized by further expansion and diversification of the company and its operating properties in the various states and Canada. Lane. Piper A Jaffray, Inc.: ForemanState Corporation; Northern National Corporation, and Anglo London Paris Company are offering $4,000,000 iiree-year i; per cent, collateral trust gold notes of The Greyhound Corporation, due March 1. 1933, at 99 and accrued interest to yield 6% per cent.

On Commission Row

Fruits Apples—Delicious, box extra fancy, $4.25: fancy, $4; Baldwins. $2.50: Grimes Golden. $2.50® 2.75; Northern Spies. $2.25: Winesap, $2.25®2.50. Cranberries—Box of 25 lbs,, SB. Grapefruit—Florida. $4.75®5.25. Grapes—California Alemeria. $3.75: Emperors. keg. $6. | Lemons—California a crate, $5.75®,6.25. I Limes—Jamaica, $2.50 a hundred. Oranges—California navals. $4.75® 7.25. Strawberries—4s®,soc a auart. Vegetables Beans—Florida. $4®4.50 a hampet Beets—Texas. $3.50 a crate. Cabbage—New, s%®'6c a pound. Celery—Florida, $3.25®3.75 a crate Cauliflower—Colorado. $1.90 a crate. Cucumbers—Florida. $3.50®4 a crate. Eggplant—sl.7s((/;2 a dozen. Kaie—Spring, 90c to $1 a bushel. Lettuce—California Iceberg. $3.50®'4.00 a crate: home grown leaf, a bushel. $1.50® 1.65. Onions—lndiana yellow. $2.25®2.50 a 100-lb. bag, white. $2.50 a 50-lb. bag. Parsley—Home grown. 50c doz. Peas—California. 45-lb. crate. $5®,5.50. Peppers—Florida, a crate, $7.50. Potatoes—Wisconsin. $4.40 a 150-lb. bag. Minnesota. $3.10 a 100-lb. bag; Rea River Ohios. 120 lbs.. $3.75®3.85: Idaho Russets. $3.75 a 100-lb. bag. New Potatoes —Florida Cobblers, 50-/b crate. $3.00; Texas Red. 100-lb. bag. $6.50. Sweet Potatoes—Nancv Hal’s, $1.75 a hamper; Opossum brand. Indiana iersevs. $3.00 per bu. Rhubarb—Home grown hothouse. 6-lb bunch. 65c. Sassafras—lndiana. 30c a doz. Radishes—Home grown button, 85c doz. Mustard—Home grown. $1.50 a bushel. Cucumbers—Home grown. $1.7592.00 Building Permits Barne- McCov, dwelling and garage, 820 East Fifty-first, $3,000. Owen B. Post, garage, 3522 East New York. $550. George S. Oline. alterations, 630 Watson road, $770. Alfred Young, dwelling and garage. 1443 | North Drexel. $5,500. i W. J. Daries. repairs, 2641 North New , Jersey, $385. J. K. Lilly Jr., reroof, 4150 Washington boulevard. $638. i T. E. Brown, garage. 1506 Colorado, S3OO. ! N. B. Davis, repairs, 305 North Addison, $1,310. G. McKinney, garage. 1223 Perry, S2OO. G. McKinrev. addition. 1223 Perry. S2OO. E. B. Mumford, garage. 34 West. Fortysecond. SBOJ. J. Wyninger, excavation. 1142 King. $1,600. J. Wyninger. garage. 1142 King. S2OO. I. Stephenson, dwelling and garage, 1018 West Thirtv-fifth, $4,000. E. F. Hughey, dwelling and garage. 1424 I West Twenty-eighth. $3,150. i E. F. Hughey, dwelling and garage. 1428 West Twentv-elghth, $3,150. E. F. Hughev. dwelling and garage. 1517 Udell. $3,150. E. F. Hughey, dwelling and garage, 1521 Udell. $3,150. 1 E. F. Hughey, dwelling and garage. 1525 i Udell. $3,150. I E. F. Hughev. dwelling and garage, 1529 I Udell. $3,150. ! College and Canal Realty Company, station. 6270 College. $12,000. ‘Sue Sheriff or Somethinf’ Bu United Press KALAMAZOO, Mich., March 7. When John Bailey told Circuit Judge Goerge V. Weimer he was thrown into jail without a hearing for nonpayment of alimony the court advised him to “sue the sheriff for false imprisonment, or something.”

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Stock Exchaaga New York Cotton Exchange fchJcago Board of Trade New York Curb Association 300 Fletcher American Bank Bldg. Telephone Lincoln 5.M11

PAGE 25

NET PROFITS OF FOX ISSUES UP DURING BATTLE Amusement Shares Double Earning Power Over Last Year. B a United Press NEW YORK. March 7.—While battle for control of the Fox Film Corporation was raging in various . courts and bankers’ circles, the huge amuse men* enterprise in 1929 more than doubled its net profits for the preceding year, it was revealed in the company’s annual earnings rei port made public today. Net profits for the year ended Dec '.;B. 1929. amounted to $11,848,276. after all charges, equal to $12.87 a share earned on the combined R*‘o66f> no-par shares of Class A and 99.900 no-par shares of Clrss . B stock. This compares with $5.I 957.218. or $6.4? a share earned on ;the combined shares in 1928. In i addition, there was a profit of $5 - 1 612.609 on the sale of securities n 1929 which was credited to sum’s > account against charge-offs for depreciation of si'ent films. The Fox Theaters Corporation ! and wholly owned or controlled sub- ! sidiaries reported for the year endI ed Oct . 25. 1929. net profit of $2.74".006, as compared with 5i.536.980 in i the previous year. Tiie total liabilities, which have been responsible for the difficulties of the two companies, were revealed for die first time in the report Current liabilities of the theaters unit total $65428.029, includj ine $17,751,904 owing to the film corporation. Combined current liabilities of the two companies eliminatine inter-company liabilities, amount, to $90,739,835. Combined au : ok assets of the enterprises total $29.261396. As the refinancing pirn approved by the stockholders proj vides approximately $60,000,000 in new money, the proposal is estimated to leave the two companies with about $30,000,000 current paj’ables and $4,590,000 in cash between them. Current earnings are expected to augment this considerably. PISTON RING COMPANY SHOWS INCOME GAIN $200,000 Increase Caused Doubling of Capital Stock. Net income of $901,320 for 1929 compared with $772,195 net income for 1928 and prospects of increased business and increased plant demands in 1930 caused increase of capital stock of the Perfect Circle Piston Ring Company of Hagerstown. Ind., from 162,500 to 250.000 chares, no par value, recently announced. Earnings in 1929 averaged $5.54 a share on the 162,500 shares of outstanding stock. The stock increase was authorized by the stockholders, but no stock will be sold until necd- ; cd. directors having discretion. Durj ing .1929. current assets of the comi pany increased from $1,051,968 and | liabilities decreased from $306,073 to ; $271,123, of which 77 per cent was accrued taxes and a declared quarterly dividend.

Investment Trusts

Bid. Ask. i Am Founders new 28'4 29'i ; Basic Industry Shares 8 7 * 9% Corporate Trust Shares 9'4 9 7 „ First Investment Corporation 11 1 3 Fived Trust Shares A 21 ,/ ... Fir Trust Shares B 18% Investment, Trust of N Y 11% 12% Leaders of Industry 11% 12v, No Am Trust. Shares 9% 10 Power & Light Sec Trust 60 63 Revbarn <fc Cos 13 14% Standard Oil Trust Shares ..10 12 S VV Straits Inv Unite 52 is Trustee Standard Oil Shares.. 10% 11 "4 U S Elec Lt ,fc Poiv Shares A. 40 43 U S Elec Lt L Par Shares 8.. 11% 11% 1 Diversified Trust Shares A. ... 24% ... Diversined Trust Shares 8... 21% 21% | Diversified Trust Chares C.... 8% ' r ■ ' ' OLD RELIABLE PAINT Colors are dear and pure and give a magic touch to your home. MARION PAINT CO. 366 S. Meridian St. Riley 9163 American Telephone and Telegraph Company 162nd Dividend - V Tup. regular quarterly dividend of Two Dollar* and Twenty-Five Cents ($2.25) per share will be paid on April 15,1930, to stockholders of record at the close of business on March 14, 1930. H. BLAIR-SMITH, Treasurer. ff 11 ■ ft We Offer American Loan Company 7% Preferred und Common Stock This *the first time the public ha h had an opportunity to share in the entire profit* of this Krowinjc company. Non-Taxable Non-. Speculative I mm mi I investment yleldln* attractive quarterly income. Units. . . 1 Share Common, 3 Share Preferred, slls Detailed Circular on Reqneit Umphrey & Hartz 317 Banker. Trust Bid*. Lincoln 8(39 V?-r- - - 1