Indianapolis Times, Volume 41, Number 261, Indianapolis, Marion County, 12 March 1930 — Page 15

STARCH 12,1930.

BREAK IN STEEL FORCES STOCKS LOWER AT NOON Lowering of Ingot Output Responsible for Downturn,

Average Stock Prices

Average of thirty Industrial* for Tuesday was 276.25, off .60. Average of twenty rails was 152.54. up .04. Average of twenty utilities was 109.38, off .04 Average of forty bonds was 94.51, up .05. Bu Vnited Press NEW YORK, March 12.—A sharp break in United States Steel common unsettled the entire list and prices of industrials were forced down fractions to more than 4 points on the Stock Exchange today. Trading was so active that tickers ran behind nearly thirty minutes. Confusion reigned as a result of the variations in prices on tickers and those on the floor. Steel's break was brought on by announcement that the corporation’s ingot output had declined to about 82 per cent, a drop of 3 per cent and he first change downward this year. Independent operators are averaging approximately 70 per cent against 73 per cent a w'eek age and 75 per cent two weeks ago. The Industry as a whole is at 76 per cent against 79 per cent a week ago. This slowing down in steel output had a dampening effect on all steel issues. United States Steel touched 179%, off 3 points from the previous close. Youngstown Sheet and Tube w’hose merger with Bethlehem is being considered, broke 512 points to 140. Bethlehem was down 1 *4, at 101 li, and Vanadium 2%, at 82%. Newton Steel declined 1% points to 52’ 2 . Call money renewed at 4 per cent, but dropped to 3% per cent. This helped stay the selling and many issues exhibited a somewhat, better tone in the early afternoon. Heavy losers around noon included Westingliouse at 185%, off 4V, United States Industrial Alcohol at 107%. off 4%; General Motors 44%, off %; General Electric, 76%, off 1; Radio 50%. off 1%; Warner Bros Pictures, 70, off 1; Union Carbide, 95%; off 1%; Gillette 89%, off 1%; Simmons 54%, off 3%. and Radio-Keith-Orpheum 36%, off %. Sales to noon totaled 2,063,600 shares yesterday or at the rate of more than 5,000,000 shares for a full day.

Banks and Exchange

CHICAGO STATEMENT flu Vnited Press CHICAGO. March 12.—Bank clearings, $1(12.800.000: balances. *6.100,000.

On Commission Row

Fruits Addlcs —Delicious, box extra fancy, $4 25; (ancy. $4. Baldwins. $2.50; Grimes Golden, $2 5002 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. [email protected]. Limes—Jamaica. *2.50 a hundred. Oranges—California navals, [email protected]. Strawberries —45@50c a Quart. Vegetables Beans—Florida. [email protected] a hamper Beets—Texas. $3.50 a crate. Cabbage—New. 5%@6c a pound. -Florida. $3 2503.75 a crate. Cauliflower—Colorado. $1.90 a crate. Cucumbers—Florida. $3.5004 a crate Eggplant—sl.7sfr/ 2 a dozen. Kale—Spring, 90c to $1 a bushel. Lettuce —California Iceberg. $3.5004.00 a crate: home grown leaf, a bushel. 51.50@ 1.65. Onions—lndiana yellow. *2 2502.50 a 100-lb. bag; white. *2.50 a 50-lb. bag. Parslev —Home grown. 50c doz. Peas—California. 45-lb. crate. $505.50. Peppers—Florida, a crate. $7.50. Potatoes—Wisconsin, *4.40 a 150-lb. bag; Minnesota. $3.10 a 100-lb. bag: Red River Oliios. 120 lbs.. *3.7503.85: Idaho Russets. S3 75 a 100-lb. bag. N>w Potatoes—Florida Cobblers. 50-lb. emte. $3.00: Texas Red. 100-lb. bag, $6.50. Sweet potatoes—Nancy Halls. $1.75 a hamper. Opossum brand. Indiana iersevs. $3 00 per bu. Rhubarb—Home grown hothouse. 6-lb. bunch, 65e. Sassafras—lndiana. 30c a doz. Radishes —Home grown button. 85e doz. Mustard—Home grown. *1.50 a bushel. Cucumbers—Home grown. $1.7502.00.

Indianapolis Stocks

—March 12— Bid. Ask. Amer Central Life Ins C0..1,000 Belt R t> As S Yds Cos com.. 61 64 Belt R R & S Yds Cos pref... 55 60“* Bobbs-Merrill Cos 29'4 33'j •Central Indiana Pow Cos prel 90 95 Circle Theater Cos common... 105'** ... Citizens Gas Cos common .... 27 •Citizens Gas Cos pld 96 100 ♦Commonwealth L Cos pi TTi.. 97 Commonwealth L Cos pf B't.. 93'{i ... Hook Drug Cos. common new.. 23’* ... Ind Hotel Cos Clavpool com... 125 Indiana Hotel Cos pref 100 •Indiana Service Corp pref .... 80 Indianapolis Gas Cos common. 56 61 •Indpls Power <fc Lt Cos pfd...lo2'* 104'4 Indpls Fub Welf Loan As com. 52 Indpls St Rv Cos pfd 29'* 30'i Indianapolis Water Cos pfd.... 97 Interstate U S Cos pr S'-,- L pf 87% oi Interstate P S Cos pr L pf. 10 2 103 •Metro Loan Cos 9'* Northern Ind Pub 6 r r co pfd. 98 101 Northern Ind Pub 7 r o Cos pfd.lo6 ... Progress Laundry Cos. common 46 l i 49 E Raub & Sons Fer. Cos pfd.. 50 Real Silk Hosiery M. Inc. pfd 90 Shareholders Investors Cos ... 24 Standard Oil Cos of Ind 52'* ... •Terre Haute Trac & L Cos pfd 70 Union Title Cos common 42 50 Van Camp Prod Cos Ist pfd.. .. 98 Van Camp Prod Cos 2nd pfd. .. 98 •Ex-Dividend. —BONDS— Pelt R R * Stock Cos 4s 90 Central Indiana Gas Cos 55... 98 ... Central Ind Power Cos 0s .... 98‘4 ... Citizens Gas Cos 5s 101’* ... Citizens Street Railroad 55.. 47'4 ... Gary St Rv Ist 5s 71 Home T & T of Ft Wayne 65.101 l i ... Ind Northern Trac Cos 5s ... 3 5 Ind Ry & Light Cos 5s 95 Indiana Service Corpn 55.... 85 Indpls Power and Light Cos 5s 97 100 Indiana Union Trac Cos 5s ... 5 Indpls Col * Cos Trac. 6s 95 100 Indianapolis Gas Cos os Indpls & Mart Rapid T Cos 5e 21 Indpls No Trac Cos 5s 9 : * 13 1 i Indpls North Western Cos 55.. 21 Indpls Street Ry 4s 43 1 * 46’i Indpls Trac & Ter Cos 55.... 93V 941* Indpls Union Rv 5s 100♦* ... Indpls Water CO s>ys 101 Indpls Water Cos 5s 92 Indpls Water Cos lien As ref.. 92 Indpls Water l is 91 ** 93 Indpls Water W Sec Cos ss. 84 Interstate Pub Serv Cos 6‘*5...101 Interstate Public Service Cos 5s 97t% ... Interstate Pub Serv Cos 4’ss.. 88’a ... No Ind Pub Serv Cos 5s 98 No Ind Telegraph Cos 6s 96’j ... T H Ind * Fast Trie Cos 5s es T TI Trac & Light Cos 5s .... 90 ... Union Trac of ind Cos 6s 1. 22 Marriage Licenses Alvin R- Decker. 21. of 736 North Illinois. chauffeur, and Mary L. Stanley. 21. of 730 North Illinois Louis S. Witten. 22. of 2805 East Nineteenth. knitter, and Mary Longer, 19, of 234 Esst St. Joseph. Elbe.t W. Rogers. 32. of 207 North Beriile. lineman, and Tresa T. Holiansworth. 22. of 207 North Feville. clerk. Mark L. Gulhan 23. of Lebanon, machinist. and Eunith L. Parrlnger, 21. of 2021 Livingston. Martin L. Woods. 40. of R. R. 11. Indianapolis. farmer, and Daisy Tvlor. 24. of R R. 11. Ray H. Carter 23. of 618 North New .Terser, tailor, and Noca I. Smith. 22. of 618 North New Jerse>\ waitrea. Albert W. Beckman. 40. of Frankfor*. 'eveler. and June B. Miller. 21. of 2923 North Talbott, bookkeeper.

New York Stocks • (By Thomson <fe McKinnon, 1

—March it — Pre-v Railroad*— High. Low-. 12 00. close. Atchison 234% 234 % 234% 235 Bait & 0hi0... .119% 118 119 119 Canadian Pac 204% 204% Chesa Corp ... 73% 73 Cht Ac N weit Chi Grt West 13% C R I & P 118 117% Del Ac Hudao® 173 real a Lz.Vs.a. H3, fc’rie Ist pfd.... 65 - 65% 65% 65% Ort Nor 9]’* Gulf Mob Ac Oil 111 Central 128 V. Lehigh Valley -4% Kan C: y South 78% Lou Ac flash IJI% Mo Pac 86 96 M K A; T 54% 54% 54% 55 Mo Pac pfd 142 142 N Y Cen'ul ...184 183% 183% 183 NY NH Ac H 121% 121% Nor Pacific ?3% Pennsylvania .. 81 80% 80% 82 % Reading 26 Seab and Air L 11% Southern Ry , 139-2 Southern Pac 121% 120% St. Paul 23 22% 32% 23 Rt Paul pfd 40% 40% 40% 40-* St L Ac ST 111 Union Pacific 225% 22d j West Maryland 36% 26% Wabash 52% 52% West Pac 24 Robber*— Ajax 1% -1% Risk 3'/j 3% Goodrich , •••,, 48 Goodvear ...... 89% 88% 88% 88% Kelly-Spgfld ...... ~ 4% United States... 27% 27% 2<% 27% Equipments— Am Car Ac Fdy 77 78 Am Locomotive. 99 98% 98% 98% Am Bteei Fd. . 48% 47% 47% 48% Am Air Brake Sh . . , 52% Man Eeic Sup.. 36% 35% 35% 36_ Gen Elec new... 77% 76% 76% 77% Gen Ry Signal. 93% 92% 91% 93% Gen Am Tank ..105 104% 104% 106% N Y Air Brake ... 44% Pressed Stl Car. 13% 13% 13% 14 Pullman 82% 82 82 82% Westingli Air B SO 3 * 50 50 50 Westingh Elec . 189% 184% 186 19914 Steels— Am Roil Mills.. 94% 93% 93% 93% Bethlehem 102% 101% IOIVi 102% Colorado Fuel ... 56% 57% Gulf States Stl 71>/a ••• Inland Steel 95 Otis ... 33% ... Rep Iron Ac Stl ... ... 76% 77 Ludlum 41% 40% 404 41% Newton 54 U S Steel 181% 179!'* 179% 182 Va Alloy 33 Warren Fdy ... ... 29,% Younestwn Stl 145% Vanadium Corp. 84 82% 82% 85 ‘,1 Motors— Am Bosch Mag. 50% 49% 49% 51% Briggs 15% 15 15% 15% Brockwav Mot.. 15% 15% 15% 15% Chrvsler Corp... 39 38% 38% 38% Eaton Axle 34 33% 33% 33% Graham Paige.. 10% 10 10 10 Borg Warner.... 46% 45 45 46 Gabriel Snubbrs 8% 8% General Motors.. 45% 44% 44% 45% Elec Stor Bat ... 74% Hudson 56% 55% 55% 56% Hayes Bod Corp 8 7% Hupp 21% 21% 21% 21% Auburn 249 240 2‘ , 0 250% Mack Trucks... 84% 83% 83% 84% Reo 14 13% 14 13% Gardrer 5% ••• Motor Wheel ... . 30 Nash 48% 48 48 47% Packard 22% 22 22% 22% Peerless 10 % 10 10 10% Pierce Arrow 26 35.s Siudebaker Cor. 43% 43% 43% 43 Stew Warner.... 40% 4040 40% Timken Bear... 82% 80% 80% 8. Willys-Overland. 9% 9% 9% 9% Yellow Coach... 22% 21% 22* ,1/s White Motor... 35 34% 35 35 Mining— Am Smelt & Rfg 75% 74V* 74% 75% Am Metals ... 47 47 Am Zinc i3% 13% lj|% 13,2 Anaconda Cop.. 74 72% 72_v 74vi Calumet & Ariz. .. .. . 80-a 80 , Calumet, Ac Hecla 28% 26% 28'a 38 a Cerro de Pasco.. 60% 60 60 60 a Granby Corp 50% g®, l Inspiration Cop 29 % 29 29 29 ‘a Howe Sound 38% 3b 38 38 Int Nickel 40% 39% 39% 40% Kennccott Cop.. 58 Y* 57/2 ot/2 Magma Cop • • m Con C s OPPer V. 29% 38% 28% 29,* Texas Gul Sul.. 61*8 80 H 60 5 1* BJJ and St Joe ••• •: U S Smelt 31 31 Oils— Atlantic Rfg 46% 45% 45% 46% Barnsdall (A).. 26% 25 • 26,* 25 - Freport-Texas.. 44, 43 a 43 ,j 42 * Houston Oil *B% <8 Indp Oil & Gas 24% 24 24 24 2 rvmtl Oil . . 23% 23 23% 22% Mid-Conti Petrol 26% 26% 26% 26'/, Lago Oil Ac Tr.. 25V. 25% 25% 2d Pan-Am Pet 8.. .. •••„ “2 S , Phillips Petrol... d5% 35% 35% 3o 5 Prairie Oil .... 46 45% 45% 46 Union of Cal ’“, 8 Pure n OU PlPe V.V. 34 23% 24 22% Royal Dutch.... 50,. 50;a 50% dO;i e ! a nd..:::::: 2 6 2% U % Simms Petrol 25% 35% 25 2 2a { * Sinclair Oil .... 25% 25'* 25 ,1 25* ltd‘oU°Cai62 61% |i% 60% SSSKSf.::: S ? ’ f* Tidewater %% 13 l3 ? 13 Texas Corp .... 53% 53 2 Texas CAc 0.... 9% 9% 9% 9. 2 Transcontl 8% 8 8% U * White Eagle 27Va 27% 27',i ... IndustrialsAdv Ramely 18% 18U 18 ••• 3 . Allis Chalmers.. 66*4 85 '4 *>s a 4 Allied Chemical. .. ••• ••• z i!J r A M Byers 91 ? 90 92 y Armour A SJ* $“ ..J, 4 ~1,“ Amer Can 144 1 * 143*2 143 p 144 . Allcghaney Corp 31 *2 31*a 31 ■* Am Safety Rat.. 63 g 63 g 63?a 63 * Amer Ice •• ••• *:; 5 ?£,? Am Woolen 18-• lo * Assd Dry Goods 43% 42 ? 4-, 43 2 Bon Alum 56 3 s 54*2 54*2 53 ......159=, 159% 159% 16C% Conti Can 68% 67% 67 * 68 Certainteed .... 12% 12*? Croslev 17i* 17 vi * 17 ? Congoteuni }7 16% lb * 16 2 Curtiss W ~..*• Davidson Chem. 38% 38% 38% 38% Dupont 134 130'a 130*2 133 * Famous Flayers 70Va 69*2 69 j jO/a Gen Asphalt .... 60 58 % 58, 60 Fox A 36% 35% 35% 35% Gold Dust 44% 43% 43% 44% Glidden 34% 33% 33 * 35 * Int Harvester.. 93 91% 91% 93 ? Kelvinator .... 16'■ 15% 15 4 15, Lambert 106'* 105% 795-4 105 a Loews 78% .8 -8 76% Mav Stores . ... 56'a 55% 55% ... Kotster 2’* 2-* 2 8 2 * Montgom Ward.. 45% 44% 44% 45 2 Nati C R 79 77% 77** 18 Radio Keith .... 30% 35 35% 37 Owens Bottle... 60% 60% 60% 60% Radio Corp .... 52% 49% 50% 52 Real Silk 62 61 61% 61 Rem Rand 41*8 40% 40% 41 a Sears Roebuck.. 91% 90% 90% 92 Union Carbide.. 96% 95% 95% 96% Warner 8r05.... 71% 68% 68 s 71 Un Air Craft... 66 63' 2 63% 66,2 USCs Ir Pipe. 30% 30% 30% 31 U S Indus Alco 109 3 4 105 106% Ul 3 * Worthington Pu 103 102% 102 2 102 Woolworth Cos.. 64 7 61'2 64% 66% unities— Am Tel Ac Tel. .241 239% 239% 241% Am Pr Ac Lt.... 105% 104% 105% 105 Eng Pub Serv... 57% 05% 55% 56% Am For Power.. *7' 2 85'g 85% 56% Am Wat Wk5.,.106% 104% 104** 89 Gen Pub Serv.. 43 43 43 44 Col G A: Elec.. 91% 90% 90% 91% Consol Gas 118 117% 117% l'§% Elec Pow Ac Lt.. 77 74% 74% 75-*e Int TAc T 69 67*8 68% 70 Nor Amer Cos. ...119% 117% 117% 118% Pac Lights .... 95% 95 95 95' c Pub Serv N J.. 94% 94% 94% 94% So Cal Edison.. 62 60 63 63 Std Gas A: E1..115% 115% 115% 117 United Corp .... 39 38% 38% 39% Utilities Power.. 37% 37 37 3i% United GA: Imp 37 s , 37% 37% 37 s , West Unon Tel..2ll** 211 211 212 Shipping— Am Inti Corp.. 48% 47% 48 50% All Gulf Ac W I 67% 66% 66% 69% Inti Mer M pfd 36% 26% 26% 26% United Fruit 93% Food*— Am Sug Rfg ... 62 61% 61% 61s Am Beet Sugar.. 93% 92 92 Cudahy ... .. 45% California Pkg.. 73% 73% 73% 73% Canada Dry.... 74% 73% 73% 74% Com Products... 93% 93% 93% 94 CSont Bak A 43% Borden 72% 70% 70\ 72 Cuban Am Sugar 7% 7% 7% ... Grand Union .. 20 19 s , 20 19% Jewel Tea 56 Kraft Cheese 48 Kroger 40% 4040% 40% Loose-Wdes 65 64% 84 s * 65% Natl Biscuit 220 218% 218% 220 Natl Datrv 51% 50% 50% 51% Purity Bak 81% 81% 81% 83% Loft 4 s , 4% 4 s , 4% Gen Foods 51*. 51% 51% 52% Stand Brands.. 25% 25% 25% 35*8 Tobaccos— Am Sumatra... 21% 31% 21% 22 Am Tob B 240% 340 240 340 Con Cigar* 54% General Cigar.. 60 60 60 59% Lig Ac Myers ..110% 108% 109% 110 Lonllard 26% 25’, 26 26% R J Reynolds.. 58% 57% 57% SB% Tob Prod B 4% 4% 4*B 4*. United Cigar St 6% 6% 6% 6 s , Schulte Ret Sirs 10 9% 9% 9% NEW YORK COFFEE RANGE —March 11 — High. Low Close. January 7.70 7.70 7 70 March 8.78 8.77 8.77 May 8 47 8.42 8.42 July 8.10 8.06 8.10 September 7.88 7.88 7.88

PORKER MARKET SHOWS STRONG TONE AT YARDS Catiie Trade Higher With Slaughter Classes Active. Mar Bulk. Top. Receipts. 5. $10.654,111.20 $11.25 5,000 6. 10.65 fir 11.20 11.25 4,500 7. 10 65% 11.30 11.35 4.000 8 10 80% 11 45 11.50 2.000 10. 10 8015 11 30 11.30 4 000 11. 10 80'ffll.30 11.30 4.000 11. 10.804511.30 11.30 4.000 12. 10.904i11.50 11.50 4,000 Further strength was evidenced in hog trade at the Union stockyards this morning, prices ranging 10 to 25 cents higher than Tuesday’s average. The bulk, 150 to 275 pounds, sold for $10.90 to $11.50; top price, $11.50. Receipts were 4,000, holdovers 224. Slaughter classes were steady to 25 cents higher in the cattle market. Receipts were 900. Veals were steady at sls down. Calf receipts were 600. A steady tone was apparent in the sheep market. Western lambs, 92 pounds down, brought sll, equivalent to $11.25 for light weights. Receipts were 1,000. Chicago hog receipts were 14,000, including 3,500 direct. Holdovers were 6,000. Today’s market slow with a few early sales strong to 10 cents higher than Tuesday's average. A few loads of choice 200 to 210-pound weights brought $11.15; 250-pound averages, $10.60; 290pounders, $10.40; 300 to 310-pound weights. $10.25. Cattle receipts were 6,500; sheep, 18,000. —Hogs— Receipts. 4,000; market, higher. Heavies, 300 lbs. up $10.25(iz 10.60 250-300 lbs 10.754x10.90 Med. wts., 225-250 lbs 11.00% 11.10 220-225 lbs 11.254/11.40 Light wts., 160-200 lbs 11.404/11.50 Light Its., 130-160 lbs 10.504/ 11.00 Light Wts., 160-200 lbs 9.5041,10.25 Packing sows 8.25# 9.50 —Cattle— Receipts. 900; market, steady. Beef steers. 1,100-1,500 lbs.. good and choice . $12.004114.75 Common and medium 9.50012.00 Feed steers. 1,100 lbs. down, good and choice [email protected] Common and medium 9.25012.25 Heifers. 850 lbs. down, good and choice 11.50® 13.75 Common and medium 7.50011.50 Cows, good and choice 8.25# 9.50 Common and medium 6.250 8 25 Lower cutter and cutters 4.750 6.25 Stocker and feeder steers, good and choice [email protected] Common and medium 6.50# 9.50 —Vealers— Receipts. 600; market, steady. Medium and choice sll.oo# 15.00 Cull and common 6.50# 11.00 —Sheep— Receipts, 1,000; market, steady. LBmbs. good and choice ....$10.50011.25 Common and medium 8.754110.50 Ewes medium to choice 4.254 j. 5.50 Cull and common 2.000 4.25 Other Livestock ISu I’nited Press CHICAGO, March 12.—Hogs—Receipts. 14,000; including 4,000 direct; market, 10# 15c higher; slow' at the advance; top. $11.25; bulk, 160-250-lb. weights, $10,604/ 11.15; 270-300-lb. weights. $10.25# 10.60; 130-150-lb. weights, $10,504/ 11.10; butchers, medium to choice. 250-350 lbs., SlOfu 10.75; 200-250 lbs., $10,354/ 11.25; 160-200 lbs., $10,404/ 11.25; 130-160 lbs.. [email protected]; packing sows. $8.65#9.85; pigs, medium to choice. 90-130 lbs.. $9.25# 10.85. CattleReceipts. 6.500; calves, 3,000: largely steer run. bidding lower; fat she stock slow; early top, sls: slaughter classes, steers, good and choice 1300-1500 lbs.. $134x15; 1100-1300 lbs., sl3# 15.50; 950-1100 lbs.. $13.25#i15.50; common and medium, 850 lbs. up, $9#13.25; fed yearlings, good and choice, 750-950 lbs., $134x15.50; heifers, good and choice, 850 lbs. down, $11,254/ 14; common and medium. [email protected]; cows, good and choice, $7.75010; common and medium. s6#B; low cutter and cutters, $4.75 @6.25; bulls, good and choice, beef, $8,254/ 9.50; cutter to medium, $6.7508.40; vealers, milk fed. good and choice. $10014.50; medium. $9010; cull and common, s7@9; Stockers and feedsr. steers, good and choice, all weights $!0.75#12: common and medium, $8.75# 10.75. Sheep—Receipts, 18.000; early indications weak to 25c lower; indications, bulk fat lambs. $10,504/ 11; best held above, $11.25; fat ewes, strong to 25c higher at $5.75@6; best held higher; feeder, nominal: lambs, good and choice, 92 lbs. down. $10,254x11.50; medium, $9.75 @10.50: cull and common. [email protected]: medium to choice, 92-100 lbs. down, S9O/11.15; ewes, medium to choice. 150 lbs. down, ss# 6.25: cull and common, $2.5005.25; feeder lambs, good and choice, $9.25®j 10.25. ftp United Press CINCINNATI, March 12 Hogs— Receipts. 3,205, including 1,665 direct; heldover. 300; butchers over 160 lbs., mostly 10 to 23c higher; heavier hogs up most; light lights, pigs and sows steady; bulk good and choice. 170-225 lbs., $11.40; around 240 lbs.. *11.25; 250-260 lbs.. *11: 280-300 lbs., $10,504/ 10.75; bulk 120-160 lbs., $10.75. to mostly $11; lighter pigs down to 30c; bulks sows. $8.75; smooth finished. $9. Cattle—Receipts, 200; calves 325; steady; not enough to test prices; beef cows. $708.50; low cutters and cutters $5 0 6.50: bulls strong to 25c or more higher: in-between kinds up most; bulk, $7,504x8.50; vealers 50c lower than Monday; top. $14.50; bulk medium, s9#l2; culls down to $7.50. Sheep—Receipts, 150; steady to Strong; good and choice lambs, $11.50; comparable grades clipped, $10.50; common and medium, SB.SO'JIO; good and choice light ewes up to $6. Bu Times Special LOUISVILLE, March 12.—Hogs—Receipts, 500; market steady to 10c higher; SCO lbs. up. $9.90; 225 to 300 lbs., 310.40; 165-225 lbs., $11.20; 130-165 lbs., $10.30; 130 lbs. down. $8.40; roughs, $3; stags, $7.40. Cattle—Receipts, 200; market steady; prime heavy steers. $11.500 12.50; heavy shipping steers, $10011.50; medium and plain steers. $8,504x10; fat heifers. S8 @l2; good to choice cows. [email protected]; medium to good cows. s6@7; cutters, $54x5.50; canners, $3.50# 4.75; bulls, [email protected]; feeders. sß# 10.75; stockers, $7.50# 11. Calves—Receipts, 300; market steady; tops. $12.50; good to choice, $11012.50; medium to good. $8,504/10.50; outs, $7.50 down. Sheep Receipts. 50; market steady; ewes and wethers, $lO4/10.50; buck lambs, $94/9.50; seconds. s6# 7.50; sheep. $4.50# 5.50. Tuesday's shipments: Cattle, none; calves, 102; hogs, 149; sheep, none. Pu Tinted Press PITTSBURGH. March 12.—Hogs—Receipts, 1.000; market, strong to 15c higher; 150-200 lbs.. $11.70'.; 11.75; 230-250 lbs.. $11.25011.50: heavier hogs. $10.50# 11; 100120 lbs., sll4/11.25; most sows, S9O 9.50. Cattle—Receipts, 25; market, nominal. Calves—Receipts. 50; market, strong to 50c higher; top vealers, sl6. Sheep—Receipts, 300: market, slow to about steady; few clippers. $104x10.75; medium to good aged wethers, $5.5006. Bu Vnited Press , TOLEDO. March 12.—Hbgs—Receipts, 350: market. 10(u25c higher: heavies. $10.25 0 10.75; beef. sll4/11.25; Yorkers, $18.25# 10.50; pigs. $10,254/ 10.50. Cattle —Receipts. 100: market, steady. Calves—Receipts, light; market, steady. Sheep—Receipts, light; market, 25@50c higher. Bu Tnite.d Press EAST BUFFALO. N. Y , March 12.—Hogs —Receipts. 1.300: holdovers. 500; v eights above 160 lbs. active to all interests. 100 15c over Tuesday's average; bulk, 160-210 lbs.. $11.75: sparingly. $11.80; 230-260 lbs., $11.25# 11.50; packing sows, $8,904/9.50; pigs and light ilghts, weak to mostly 25c lower. $11.25# 11.50. Cattle—Receipts. 100: cows. Steady; cutter grades, $3,504( 6.25. Calves —Receipts. 150: vealers, unchanged, sl6 down. Sheep—Receipts, 2,000; lambs, draggv. earlv sale choice wool skins. sl2; now looks out of line; indications weak to 25c lower: bulk, good to choice, eligible around. $11.50; medium and strongweights, $9.75 0 10.75; clipped. *10.50.

New York Bank Stocks

National Banks Bid. Asked. Broadway National 110 120 Chase National 174'i 176 Chat Phenix National .... 245 : * 247 National City 141 143 First National N Y 5.550 5.700 Harriman National 1.400 1.500 Manhattan Company 141 143 Trust Companies Bankers 157 159 Cent Hanover 373 378 Chemi Bank <sr Trust 83 85 Corn Exchange 227 231 County . 230 238 Eaultable 133 135 Guaranty 783 788 Irving 63 65 Manufacturers 151 1 * 153 New York 284 238 Doited States 3.300 3,400

THE INDIANAPOLIS TIMES

In the Stock Market

(Bv Thomson & McKinnon' NEW YORK, March 12.—Favorable developments are quite numerous this morning, both from a trade ana financial standpoint. Following closely upon the upward revision of stock prices, we have an advance in California crude oil and a decidedly more encouraging carloading report. One of our most conseivative financial journals is advised from London that a further reduction in the English bank rate tomorrow is 3Vi per cent is a possibility. With the reserve banks in a position to reduce their rediscount charges, and with the steadily ad-, vancing bond market, no fault can be found with the prospects for a reasonably extended period of money rates in spite of the increasing brokerage loans. Among the most important developments just now are the more cheerful reports from automobile centers, with the recent activity in the motor shares probably reflecting the more optimistic views of automobile executives as the peak of the buying season approaches. Ws will probably have another unfavorable set of copper statistics during the day, but in all likelihood this has been fairly well anticipated and the impression is growing in the trade that with stocks in fabricators’ hands at very low levels, distinct improvement can be anticipated from now on. It would not be surprising if public interest tended to be diverted temporarily at least from higher priced issues to the more moderate priced shares, which as yet, comparatively speaking, have made but little recovery. We feel decidedly more friendly to both motor and copper shares, and anticipate that the oil stocks, too, will begin to reflect improved conditions in the industry. REDUCED WHEAT ACREAGE URGED Legge Sees Smaller Crop as Only Salvation. Bu Vnited Press WASHINGTON. March 12. Chairman Legge of the federal farm board has begun an intensive campaign to get wheat l rmers to reduce their acreage next year. He sees this as the salvation for depressed prices. The farm board chairman and agriculture department officials hitherto have recommended a 10 per cent in acreage, but Legge has issued an ultimatum that unless farmers reduce -nieir production there is nothing the board can do for them. In a letter to Governor George F. Shafer of North Dakota, he said the board will have 100,000,000 bushels of grain on its hands at the end of the present year, with no hope of an export market of any Si2K.

Produce Markets

Eggs (country run'—Loss off. delivered in Indianapolis. 21c; henery quality. No. 1 23c; No. 2,21 c. ~ , Poultry (buying prices)—Hens, weighing 4% lbs. or over, 25c; under 4% lbs., 23c; Leghorn hens, 22c; springers, 4 lbs. or over, 21c; under 4% lbs.. 21c; broilers. 1930, 28c: old cocks, 12f/iilsc: capons, 8% lb. or over. 30c: capons, 7% lbs. or over, 27c; capons and slips 5 lbs. and over. 25c: capons, 8 lbs. and under. 23c: ducks, full feathered, fat, whites. 14c; geese. 10c. These prices are for No. 1 top quality, quoted by Kingan & Cos. Butter (wholesale)—No. 1. 40(q;41c; No. 2. 37# 38c. Butterfat—37c. Cheese (wholesale selling price per pound)—American loaf. 31c; pimento loaf. 33c: Wisconsin firsts. 27c; Longhorns. 34c; New York limberger, 36c. Bu United Press NEW YORK, March 12.—Flour—Quiet and steady: spring patents. $6//;6.35. Pork —Firm; mess. $30.50. Lard —Steady; middle west spot. slo.6ofr/'10.70. Tallow Quiet: special to extra. 6%#6%c. Potatoes —Dull; Long Islandj $1#5.95: state. $3.25 04.15; Maine. $1.75#4.90; Bermuda, $lO ft) 14. Sweet potatoes—Dull; southern baskets. 75c%51.60; Jersey baskets, 50c0)52.60. Dressed poultry—Dull; turkeys. 27042 c; chickens, 18 v 38c; capons, 28#42c; fowls, 170 30c; ducks. Long Island. 22@25c. Live poultry—Unsettled; geese. 13@18c; ducks. 14025 c; fowls. 33036 c; turkeys. 25@42c; roosters, I8@19c: chickens, 26@37c; capons, 28@43c; broilers, 35@42c. Bu United Press CHICAGO, March 12.—Eggs—Market steady; receipts. 15,280 cases; extra firsts. 25 0 2S'.ic; firsts. 24@24%c; ordinaries, 23 023%c; seconds, 2lc. Butter—Market steady; receipts, 6.498 tubs; extras, 37%c; extra firsts, 36%037c; firsts. 33@35%c; seconds. 30@31c; standards, 37%c. Poultry—Market steady; receipts, 1 car; fowls, 260 27c; springers, 29c; Leghorns. 27c; ducks, 200 23c; geese. 14c; turkeys. 25c; roosters, ?0c; broilers, 38040 c. Cheese Twins. 18%0 19%c; young Americas, 20c. Potatoes—On track, 284; arrivals. 111; shipments, 795; market firm on russets ana dull on others: Wisconsin sacked round whites, $2.300 2.45: Minnesota sacked Early Ohios. [email protected]; Idaho sacked russets, $3.10®3.35. Bu Vnited Press CLEVELAND. March 12.—Butter—Extras, 41 %c; extra firsts, 416 c. Eggs—Extras, 26c: fiirsts. 250,25%c. Poultry—Fowls. 30; medium. 32; Leghorn, 28; heavy springers, 30c; ducks. 240.27 c; old cocks, 18c; geese, 15020 c: stags. 23c. Potatoes—Ohio and New York, $3.85#4 per 150-lb. sack: Maine Green Mt.. S4O 4.15 per 150-ib. sack: Idaho Russet, $3.5504.15 per 100-lb. sack,

Investment Trusts

Bid. Ask. Am Founders new 28% 23 Basic Industry Shares 8% 9% Corporate Trust Shares 9% 9% First Investment Corporation .. 11% Fixed Trust Shales A 21% ... Fix Trust Shares B 18% ... Investment Trust of N Y.... 11% 12% Leaders ot Industry 11% 12Vs No Am Trust Shares 9% 10% Power & Light Sec Trust 60 63 Revbarn & Cos 13 14% Standard Oil Trust Shares .. 10 12 S W Straus Inv Units 52 58 Trustee Standard Oil Shares.. 10% 11% LT S Elec Lt &. Pow Shares A.. 40 43 U S Elec Lt L Pwr Shares 8.. 11% 11% Diversified Trust Shares A... 25 Diversified Trust Shares 8.... 21% 22 Diversified Trust Shares C 8% 9% Building Permits E. G. Bauer <fc Son. dwelling and garage, 920 Graham. $3,550. Irwin Voldenaire, reroof, 3535 Roosevelt $426. Louis Lihah. repairs. 1342 South Meridian. S3OO. Earl Perkins, reroof. 1147 Marlowe, $275. Clarence Heath, repair. 1830 Jones, SSOO. Ted Meoulin. repair. 334 Terrace. S6OO. Cadle Tabernacle, alterations. SBSO. WtUiam Teel, addition. 5580 Washington boulevard, SI,OOO. t W. Bell, garage, 260 North Rural, S2OO. F T. Reed, reroof. 3370 Broadwav. *2BO. H. D. Waller, remodel store, Nineteenth and Central. $1,200. Marv E. Keen, repair, 865 West Pratt, $275. Utilities Service. Inc., alterations. 111 North Capitol. SB,OOO. Bridges & Graves, dwelling and garage. 3651 Central. SB,OOO. Hoover's Support Asked Bu United Press WASHINGTON, March 12. President Hoover’s support of a project to dredge a nine-foot channel tlirough the Mississippi river from Cairo, 111., to Minneapolis was asked today by the Minnesota house delegation.

WHEAT BREAKS SHARPLY UNDER BEAR PRESSURE Farm Board Authority Says No Relief in Sight for Growers. Bu Vnited Press CHICAGO, March 12. Wheat broke badly on the Board of Trade today under a combination of depressing features that caused heavy selling and found little support. One of the leading sellers was a man known to have bought heavily for the farm board recently. The drastic breaks in foreign markets were the most depressing influences coupled with the dismaying possibility for a record wheat crop. Corn fell heavily with wheat and oats declined sharply. At the opening wheat was % to 1% cents lower, corn was l 1! to 3’i cents lower and oats was % to 1% cents lower. Provisions were steady. The world grain markets present a semi-demoralized condition. Liverpool opened lower than expected and after midday was as much as 3T4 to 4% cents lower. Buenos Aires was off 3% cents. Winipeg and Chicago were sharply lower Tuesday. Broomhall, the world authority, late Tuesday reduced his estimate on world requirements until Aug. 1, the end of the present crop year, by 62,000.000 bushels, due largely to the extremely adverse financial conditions of continental Europe. Chairman Legge foresees no relief in congestion within the next sixty days, saying it will probably be worse. He expects the farm board to have around 100.000.000 bushels wheat on its hand by July 1 and claims that the farmers are trying to produce an additional surplus, expecting the farm board to do the worrying. Weather is favorable for the new crop and Kansas seems likely to harvest a record-breaking yield. Chicago Grain Table —March 12— WHEAT— Prev. Hi?h. Low. 12:00. close. May 1.10 I.CB 1.08% 1.11% July 1.04% 1.02% 1.02% 1.05% Sept 1.06 1.04 1.04' * 1.07% CORN—• May 80 .78% .79% .81% July .81% .80% .81 .83 s o Sept 82% .80% .80*4 .83% OATS— May 42 .41% .41% .42*a July 41% 41> .41 42% Sept 41% 41 .41% 41% RYE— May 60% .59% .59% .62'. July 63% .61% .61% .64% Sept 66% .64% .64% .67% LARD— May 10.37 10.15 10.20 July 10.60 10.42 10.47 Sept 10.67 Bp Times Special CHICAGO. March 12.—Carlots: Wheat, none; corn. 140: oats. 24; rye, 10. and barley, .

Local Wagon Wheat

City grain elevators are paying *1.02 for No. 2 red wheat and 97c for No. 2 hard wheat .

Easy ‘Dough’ Suave Crook Dons Jacket, Accepts $87,300 Bonds From Messengers.

NEW YORK, March 12.—Somewhere in New York today one of the calmest and most suave gentlemen in the profession may be chuckling over the easiest and perhaps most valuable fifteen minutes he ever spent. Posing as a broker’s clerk, even to the familiar white jacket, he stood in the hallway of the firm of Benjamin Block & Cos. and calmly accepted $87,300 in valuable stocks from messenger boys who had been sent to deliver them. His system, although not new. police admit, was polished in the extreme. Removing his jacket, he put on his hat and coat and walked out of the door with the securities, no one ever suspecting him. MANY PUPILS TO ENTER MODEL HOUSE CONTEST All Grade and High Schools are Visited by Realtors’ Committee. The miniature model house contest of the Indianapolis Real Estate Board, which is being conducted in city schools prior to the annual Realtors’ Home Complete exposition, is underway. Committee members in session Tuesday reported all grade and high schools have been visited and many entries are expected. Two groups of judges, one to judge high school entries and another for grade school entries, will be named, Fred Palmer, committee chairman, said. The contest will close April 4 and five major prizes of $35, $25, sls, $lO and $5 will be offered, in addition to $1 prizes for each of the ten next best models submitted. WOMEN SWEEP TO VICTORY IN ELECTION Success of Lone Male to Be Contested; Won by Single Vote. Bv Vnited Press STEPHENSON, Mich., March I£. —The one man successful in Tuesday’s village election against a ticket of aroused women faced a contest today when the final count showed he had a majority of only one vote. Feminine political fury was aroused recently when the village refused to spend a $2,000 surplus lor civic beautification. The women put a ticket in the field and elected a clerk, a treasurer and three trustees in a spirited campaign. The lone male victor was F. X Boudoin, president of the board, who was re-elected, 90 to 89, over Mrs. Grace Sanders, wife of the village physician. Mrs. Sanders said today she would contest the election. ,

Business and Finance

The fifty most active stocks traded on the Chicago Stock Exchange during the week ended March 8 had a market value of $3,040.860.854 at the close of business Saturday, as compared with $2,715,615.171 at the close of the previous week, according to a compilation by Swift, Langill & Henke. This represents an increase of $325,250,683 or 11.97 per cent. Total income of the American Superpower Corporation for 1929 amounted to $50,435,223. an increase of more than 600 per cent over the 1928 Income. Landon K. Thorne, president of the corporation announced in his annual report to stockholders made public Tuesday. Commenting on this striking gain. Thorne said that profits on sales, together with commissions. amounting to *47 042,569 were abnormally large, including large profits from the sale of securities which can not be considered as regular earnings. Directors of Neet, Incorporated, have declared an initial special dividend of 40 cents a share on the class B stock and regular quarterly dividend of 40 cents a share on the cumulative convertible class A stock. Both dividends are payable April 1, to stockholders of record March 19. American International officially stated that net assets applicable to the common stock of the company amounted to $40,793.513 as of Feb. 14. This is equivalent to S4O per share. At the end of 1928 the breakup value was $40.90 per share and at the close of 1929 net assets were equivalent to $35.88 per share. The cash balances at the end of 1929 amounted to about one-eighth of it* assets. The corporation lias thus come through a year of extraordinarily severe strain with the asset value of its stock substantially unchanged now from the equities shown at the end of 1928. Directors of Louis Phillipe, Inc., have declared a regular quarterly dividend of 40 cents a share on the convertible participating Ciass A stock, payable April 1 to stockholders of record March 19. They have also declared a special dividend of 10 cents a share on the Class A stock and the Class B stock, payable May 1, to stockholders of record April 18. AUis-Chaimers—The January orders of this company established anew record

Clever Bridge Play Is Shown in Radio Contest

AMONG the noted participants in the seventeenth of Milton C. Work’s current series of Radio Bridge Games was Thomas H. Avery of Le Roy, N. Y., the most consistent of winners in the bridge contests in the last half-dozen years. This game went on the air Tuesday from station WFBM, with Mrs. Douglas J. Torrey of Pasadena. Cal.; Mrs. Frank Evans of Philadelphia, and R. E. Needham of Greenville, Pa., completing the players. The hands were: Needham, dealer. South: Spades, K, Q, 9,8, 3; Hearts, 8,5, 3; Diamonds, 8,4; Clubs, A, K. 2, Mrs. Evans, West: Spades, 4; Hearts, K, 10, 7,6, 4,2; Diamonds, K, Q, 10, 7; Clubs, 6, 4. Mrs. Torrey, North: Spades, J, 10 7,5; Hearts, A, Q, J; Diamonds, J 6,5; Clubs, Q, J, 8. Avery, East: Spades, A. 6. 2; Hearts, 9; Diamonds, A, 9,3, 2; Clubs, 10. 9,7, 53. Needham opened the auction with one Spade a bid which would have been sound had his hand contained only ole side trick instead of the two it did have, in addition to the five Spades headed by King-Queen. Mrs. Evans, West, made a following bid of two Hearts. Her six-card Heart suit lacked a quick trick at its head, but it was topped by a King-Ten and it had a King-Queen-Ten on the side. Mrs. Torrey, North, bid two Spades. Avery, East, was forced to pass. He had two Aces which would have justified him in raising his partner’s bid had he normal support in the Heart suit; but with only a singleton Heart he dared not do so. His five-card Club suit was too weak to mention; nor was a Nc Trump justified with only one stopper in the adverse suit and only one other trick in the hand. Needham, South, of course passed his partner's raise, and Mrs. Evans West, was unable to go further without assistance from her partner. So Needham, South, became Declarer with his contract two Spades. B u n MRS. EVANS. West, led the King of Diamonds, unquestionably her best opening. She did not wish to lead from a King suit which she had bid. and her partner had failed to support; a worthless doubleton is always an unattractive suit to lead unless it has been bid by the partner; and her singleton trump was not to be considered as a lead. From Mrs. Torrey’s hand, which became Dummy, Declarer played the 5 of Diamonds, but Avery, East, before playing, paused to consider the situation. He held two Aces, one of them in the trump suit, and his partner had bid two Hearts. Os course the Ace-Queen-Jack of Hearts in Dummy dispelled any hope that West would win a trick in her suit, and barred any thought that East might have had of leading it for the purpose of establishing it. But Avery saw a way to save game if South, the Declarer, had two Diamonds and would have to follow suit twice. With the Ace of Diamonds in East’s hand, West’s lead of the King showed that West had the Queen; that fact insured two Diamond tricks and an entry in the West hand. The trump Ace insured another MARTIN ENTERS RACE Lifelong Resident of City Seeks G. O. P. Nomination as Assessor. W. Glenn Martin, 3702 East Washington street, for three years an employe of the city engineer’s department, until the Sullivan administration, today announced his candidacy for the Republican nomination for Center township assessor. Born and educated in Indianapolis, Martin has been a lifelong resident of the city, except for two years in Los Angeles and Miami. He is married and is a member of Grace Methodist, church, Center lodge F. & A. M., I. O. O. F. and Sahara Grotto. Martin never has held public office. Veteran Member Honored PU Tfmes Snerial COLUMBUS, Ind„ March 12. William F. Kendall, 87, veteran of the Civil war and a leading figure in patriotic and lodge affairs here, was presented with a gold watch chain by the Masonic lodge of this city at- a special meeting, held in honor of the sixtieth anniversary of his membership. He was given a gold watch and chain on the fiftieth anniversary, but the chain hid worn out, so he was presented another. Kendall is in good health and rides a bicycle.

for the month. The volume was $4030.000 compared with $3,644,000 in January, 1929. As of Feb. 1. unfilled ;rders amounted to $13,07.\000. compared with $12,872,000 at the beginning of the year Selling to yield slightly less than 5 per cent on the basis of the present $3.00 dividend and with prospects above the average for a continuation of business In satisfactory volume, the issue is regarded as suitable for new commitments at prevailing levels. For the quarter ended Dec. 31. 1929 the second quarter of the fiscal year ending June 30. Columbia Pictures Corporation reports net profits after all charges including federal taxes of $252,081. which after deducting preferred dividend requirements for the quarter of $18,750. leaves a balance of $233,331. or $2.33 per share on common stock outstanding. This compares with $227,048 net after federal taxes, but before preferred dividend requirements. for the first quarter ending Sept. 30. 1929. Borden Company net income last year amounted to $20,403,724. compared with $11,354,331 for 1928. This is equivalent to $5.50 per share on the present stock. Present price of 66 Is 12% times the 1929 earnings. The security is considered attractive as a distinctly long pull investment, Net earnings of City lee and Fuel Company and its subsidiaries for January after all charges, but before federal taxes and depreciation, were $119,706. This compares with $25,904 for January of last veer. Company's sales in January were $1,874.715, compared with *1,638.A08 in January a year ago, an increase of over 14 per cent. Directors of Taylor Milling Corporation declared the regular quarterly dividend of 62% cents per share on the common stock, payable April 1, to stockholders of record March 10, 1930. Bertram Cutler has been elected to the board of directors of Tri-Continental Corporation. Cutler is a trustee of the Equitable Trust Companv of New York and a director of the New York Centra! Railroad, the Equitable Life Assurance Society and many other corpordtions. The directors of Briggs & Stratton Corporation have declared the regular quarterly dividend of 50 cents a share on the capital stock, payable March 31, to stockholders of record March 20.

trick, and a fourth (game-saving) trick could be secured if East could ruff a Heart. Accordingly East overtook West’s Diamond King with the Ace to secure the lead. Declarer played the 8 of Diamonds, false-carding to create the impression that he had only the one Diamond. 808 A VERY, Last, led the 9 of Hearts to trick two; Declarer, South, played the 3; West the Deuce; and Dummy, North, won with the Jack. Dummy then led the Jack of Spades; East played the Deuce; Declarer the King; West the 4. East did not play the Ace on this trick because there was no hurry about carrying out his scheme to ruff, and there was a remote chance that West had a singleton Queen which might win if the Ace were held up. Declarer continued trumps with the 3 of Spades; West played the 4 of Hearts; Dumy the 7 of Spades; and East won with the Ace. Then East led the Deuce of Diamonds; Declarer played the 4; West the Queen; and Dummy the 6. Mrs. Evans, West, then led the 6 of Hearts, the suit her partner had earnestly requested when he overtook her first trick and led Hearts up to the Ace-Queen-Jack in Dummy. Declarer played Dummy’s Queen, since the King was clearly marked in West's hand; East ruffed with the 6 of Spades; Declarer played the 5 of Hearts. To trick seven East led the 5 of Clubs, which Declarer won with the King. West played the 4; Dummy the 8. Declarer then spread his hand face up on the table and claimed the rest of the tricks, which obviously were his. He scored 27 for three tricks, one more than his contract, but one less than game; so above the line he scored only 40 for four honors divided. a st tt IN discussing the bidding of the hand. Work stated that in his opinion Mrs. Evans was clearly right in naming her long weak Hearts, with but one trick on the side; and Avery also was right in not naming his Clubs, although he had two side Aces. At first thought it might seem as if there were some inconsistency in this criticism; but Mrs. Evans had a six-card suit headed by King-Ten, whereas Avery’s was only a fivecard suit, Ten high. Had he bid Clubs, and had Spades become the trump, Mrs. Evans doubtless would have opened Clubs, which seemed to Mr. Avery the most disadvantageous 1 ead * she could make. When considering a suit-bid, it always is well to do as Avery did in this case, and weigh its possibilities for weal or woe as a lead-indicator.

Will Buy: A Few Weil-Seasoned Real Estate Lease Contracts Call Riley 8017

aTi'-i-NA p^wTIMTTIM^ 1 ” j I Comparison— There never was anything made that some one could not make it worse and sell it for less. Why do you hear—as good as Aetna? AETNA CABINET CO J A DESIGNERS &.MF6S.OF BANK. OFFICE STORE a Wnt Mr Y i..nH '.s>.\ltnaM

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW FORK MEMBERS New York Stock Exchange Cblc*z> Stack Kxebaara New York Cotton Exchang* Chicago Board of Tredo New York Curb Aaaoelatlor* 300 Fletcher American Bank Bldg. Telephone Llncolo 5301

PAGE 15

BUILDING NEWS SHDWS ADVANCE IN LATE REPORT Design and Construction of New Plants on Upgrade. Concrete evidence of an upturn in building activities is seen by W. J. Austin, president of the Austin Company, international engineers and builders, in the fact that his company during the past week closed negotiations for the design and construction of new plants for a wide variety of industries In many parts of the country. Austin also reported that inquiries are increasing. A few of the projects, with approximate amounts involved, are announced by the company. A contract with the Osborn Manufacturing Company. Cleveland, manufacturers of foundry and molding machinery, calls for design and construction of a $50,000 shipping building at 5401 Hamilton avenue. Construction will require sixty-five tons of steel. Included in the contract is a fifteen-ton crane runway in the center aisle of the building. The addition to the facilities of the Osborn plant is made necessary by the volume of orders at hand, according to F. W. Smith, president. The Wildman Manufacturing Company, Norristown, Pa., manufacturers of knitting machinery, is j building a $200,000 extension to its ! plant. The new building will be 100 by 200 feet. One hundred tons of steel will be used. A contract with the National Grocery Company, Seattle, Wash., includes two buildings at a combined cost of $200,000. One is a warehouse 160 by 206 feet, of three stories. The other is a garage, 90 by 90 feet. Both of the foregoing contract* include heating, lighting, plumbing, wiring and sprinklers. Contracts for the design and construction of four industrial buildings in California were included among this week’s awards. FORMER CHURCH IS MADE INTO LAUNDRY Pastor-Manager Says His Flocks Is Retaining Its Religion. Bu Vnited Press KINSTON, N. C„ March 14.—The “Virginia Wash Parlor” here was a church before it became a laundry. The Rev. Tom Miller, who was pastor of the church, is general manager of the laundry. His congregation of South Kinston Negroes recalled that cleanliness is next to godliness when authorities, finding fault with some of the practices of the flock, hailed its leaders before police court. Then they started the “Wash Parlor” which is doing a successful business. The Rev. Miller asserts his helpers, erstwhtfe parishioners, retained their religion when they removed the altar and installed tubs and ironing boards.

PURE LINSEED OIL $1.20 Per Gallon MARION PAINT CO. 366 S. Meridian Riley 9165

(-M.F vestments AMERICAN • COMPANY® Indiana’. I/ortmit Inveetment Honaa

Open a Checking Account at AETNA Trust and Savings Cos. 23 N. Pennsylvania St.