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PAGE 14 RADIO SHARES DROP TO NEW LOW FOR YEAR Peoples Gas Rises 8 Points in Irregular Trade: Market Active. Average Stock Prices /r'erage of twor.tv industrials Wednes day was 251.54, up 1 10; twenty rail- 14' 12. up .54. twenty utilities U 5.66. up 1.05. forty bonds. 99.16. off .08. Bv United Pri ** NEW YORK. Jan. 16-A rifce of 8 points In Peoples Gas and a break in Radio Corporation resulting from a bear attack featured t,he stock market up to midday today. The remainder of the list, moved ir regularly after displaying strength at the opening and in the early trading. Dealings were relatively active when prices were advancing and for a few minutes tickers were unable to keep pace. On the selling, wliirh followed the break in Radio, the pace slackened and the tape easily held up with the quantity of quo tations. Utilities Strong Radio dropped to a new' low for the year around 38. compared with its previous close of 41’., General Electric and Westinghou.se. both large holders of Radio stock gained sharply and held their gains' well. There was no satisfactory explana tion for the drive against. Radio. The sharp rise in Peoples Gas was not of significance as this stock often goes through wild gyrations. Utilities in general, however, pre sented the best showing. Heavy trading at higher prices was noted in Consolidated Gas, United Gas Improvement and Commonwealth and Southern. United States Steel held part of' an early gain while strength de-j veloped in American Can and some of the special issues such as Na tional Cash Register A, and Bur roughs Adding Machine. Sales Mount Call money renewed at 4% per cent and during the morning was leading at % per cent concession in the outside market. Around noon | the official rate was reduced to 4 per cent, indicating that the strain of midmonth settlements had been passed. In the early afternoon the list steadied and was showing signs of further rallying power with business in fair volume. Sales to 10:30 amounted to 424.300. against 257.500 Wednesday and to 12 o'clock they totaled 1.454.600 against 1,034,300 Wednesday. Banks and Exchange INDIANAPOLIS STATEMENT Indianapolis bank clearings Thursday, Jan. 16. $4,108,000 debits. $7,839,000. CHICAGO STATEMENT Bv V nit cl I’rtK* CHICAGO. Jan. 16.—Bank clearings. $102,700,000; balances. $7,400,000. NEW A'ORK STATEMENT Bi/ I nit i il I’r'-MH NEW YORK. Jan 16.—Bank clearings. $1,316,000,000; clearings house balance. $166,000,000; federal reserve bank credit balance, $155,000,000. TREASCRY STATEMENT By Vnitril f‘r eft* WASHINGTON. Jan. 16- Treasury net balance Jan. 14, $111,444,284.71; customs receipts for the month to the same date totalled $17,174,161.74. Government ex penditures Jan. 14. we re $4,428.866.96. UTILITIES POWER & LIGHT CORPORATION An International Public Utility System Over 95 per cent of the earninpsof this system are derived from the sale of the highly essential serv ices of electricity and gas. The systenvserves a terri tory in 19 of the United States, and in Canada, having a population of over 5,000,000. It also op erates extensive British properties. Class A Stork traded on Chicago and New York Shtck Exchanges. Class B and Common Stock traded on Chicago Stock and New York , Curb Exchanges. Write for financial analysis. UTILITIES POWER f- LIGHT Securities ftg Company 327 South la Salle Street CHICAGO Trustee Standard Oil Shares \ Ain) common stork Inieslment trust composed exclusively of stocks of thirtj-nne companies of the STANDARD OIL GROUP Record for Year Ended Dec. 31, 1929 Total dividend per share. sl.7s. Annual yield on extra dividend price Jan. 3, 1830. 14%G. On average price dnring year. 13<%. Breed, Elliott & Harrison 109 North Pennsylvania St. Indianapolis Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stack Exchange Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New \ork Curb Association 300 Fletcher American Bank Bldg. Telephone Lincoln 5501 Produce Markets Eggs (country rum—Lor* off delivered In Ind anapolis. 38c: henery quality. No. 1. 42c: No. 2. 32c; No. 3.28 c. Poultry (buying price* i— Hen* weigh ing 5 lbs or over .24c: under 4 lbs.. 21c; Leghorn hens, 18c: springer*. 5 lbs. or over 22c under 5 lbs.. 20c; spring Leg horns. 15c; stag*. 14c: cocks. 14c; capons. B'a lbs. or over. 28c; capons. 7Vi lbs. or over. 26r; capons and slips. 5 lbs. and over. 23c; capons. 5 lbs. and under. 20c; duck*, full feathered, fat. whites 13c. These C rices are for No. 1 top auallty. auoted v Kingan A Cos . Butter iwholesale)—No. 1. 364i37e: No. 2. 34 'n 35c. Butterfat— 33'y 34c. Cheese iwnolesaie selling price per pound- American loaf. 35c: pimento loaf. 37c; Wisconsin firsts. 27c. Longhorns. 2/c. New York llmberger. 30c. Km United Preen CHICAGO. Jan. 16 —Eggs Market, weak receipts 7,509; extra firsts 41c. firsts 37* i'i 38‘iC; ordinaries 35 ft 36c: seconds. 284/33'wc. Butter-Market, firm; receipts 5 478 tub*- extras 33’gc; extra firsts. 32 32 -,c fir.-t*. 30 // 31' ,c seconds 284/29c: tardatds. 33'-jc Poultry- Market, steady; receipts, no cars In; 3 due; fowls. 26'a 2>sc leghorns. 20c: ducks. 16c; geese. 14 -/15c turkevs. 25c; roosters. 18c, brailers. 322 c. Cheese Twins. lS'.wtt l*c: Young Americas. 21c. Potatoes—On track. 204 arrivals. 70; shipments. 698; market trading verv slow on account of the weather very few sales reported; Wis consin i-acked Round Whites, $2,504/2.65; Idaho sacked Russets. $3.10'u.3.25. Km United Prret CLEVELAND, Jan. 16. Butter— Extras. 37'sc extra firsts. 36// 36-X: seconds, 28 -/29c Eggs Extras. 41- jc; firsts, 39'ic. Poultry Fowl-. 284/30c; medium. 254/ 27c; feghorn. 22'u 24c. heavy springers. 25 a 27-v Leghorn springers. 20c; ducks. 204/ 22c old corks 18c. Cheese 154/ 17c. Potatoes Ohio, $4 254/4.50 per 150 lb. sack; New York. $4.50 per 150 lb. sack; Maine Green Ml $4.75 per 150 lb. sack; Idaho Russet, $4 25. Km United Preen NEW YORK. Jan. 16.—Flour-Inactive and easy; spring patents, $6,204/6.70. Pork Quiet Mess $26.50. lard—Easy; middle We<t Spot. $10,854/ 10.95 Tallow—Dull; aerial to extra. 74s</7 s gc. Potatoes Firm; Long Island. $2 254/ 6.50 Maine. <4 354/5.65. Bermuda. $54/11. Sweet Potatoes Steady: southern baskets, 75c8 *1.65; Jer-ev. 50c/2.25 basket. Dressdd Poultry Steady to firm: turkeys. 274/ 43c; chickens, 184/ 40c: capons. 27ft-44c; fowls. 18 z 33c: ducks, 154/ 25c; ducks. Long Island 2326 c. Live Poultry—Steady to firm; geese. 124/26c: ducks. 124/25c; fowls. 304/ 33c: turkeys. 20 -/30c: roosters. 164/ 17c; (hit kens. 214/28c; broilers. 304/34c. Cheese Steady: state whole milk, fancy to special. 244/26c: Young America. 22(/i24’ic. j FOX TO FORM I NEW COMPANY Short Term Notes Will Be Issued Soon. By United !*n *9 NEW YORK, Jan. 16— Early sat isfaction for unsecured creditors of the Fox Film Corporation Is promised in the formation of the Fox Securities Corporation, which will operate temporarily in the flota tion of $35,000,000 short term notes. Samuel E. Untermyer, lawyer, who acted for William Fox in the securi ties corporation formation, said that the company was incorporated in Albany with a nominal capitaliza tion of 500 shares. The majority of which are held by Fox. He said the new corporation’s object was to en able Fox to meet short term obliga tions which had become due. David A. Brown, chairman of the Broadway National bank, and close friend of Fox, was elected president of the Fox securities corporation, and it was reported Brown would head the banking syndicate which would dispose of the $35,000,000 se curities for the new’ company. CUBA STARTS SUGAR INDUSTRY FOR 1930 Cane Field Workers and Company Employes. Begin Today. Bu United Press HAVANA, Cuba, Jan. 16.—Cuba’s sugar industry started actively today after ten and one-half months of idleness. Cane field workers and sugar com pany employes in 156 sugar centrals started grinding out the 1930 crop. The date for starting on the new crop w’as set by presidential decree. Cutting had been under way for a w’eek while the centrals were put in working order. There will be many adverse market conditions be fore the Cuban cane grower this year, but favorable features include steady growing exports to England. Seven Hurt in Fire Bu T'nited Press CARTAGENA, Colombia, Jan. 16. —A fire in the downtown district resulted in serious injuries to seven persons. The damage w r as $300,000. We Offer American Loan Cos. Non-Taxable Preferred and Common Stock Yielding Attractive Quarterly Income Umphrey & Hartz Telephone. Lincoln 8439 347-349 Bankers Trust Bldg. LARGE RECEIPTS CAUSE DROP IN PORKERMARKET Prices Decline 25 to 40 Cents at Local Stockyards. Jan. Bulk. Top. Receipts 9. $lO.lO $10.20 6,000 10. 10.00 10.25 6.500 I 11. 9.75 10.00 7,500 i 13. 9.85-f? 10.10 10.10 3,000 14. 9.854/10.10 10.10 3.000 1 15. 9.854110.25 10.25 7.000 : 16. 9.75-a 10.00 10.00 12.000 ! Hog prices were largely 25 to 40 | cents lower today than Wednesday's best prices, at the Union Stockyards. The bulk, 150 to 250 pounds, sold at $9.75 to $lO. Receipts were estimated at 12,000; holdovers 308. Cattle receipts 1,200, with in dications pointing to an unchanged market. Vealers were generally ! stationary, selling at $17.50 down. Sheep and lambs about steady, with a better grade of good and choice lambs selling at $12.75 to $13.50: first class tops were selling at $13.75. Chicago hog receipts were 50,000, including 4,000 directs; holdovers, 5,000. The market largely l 6 to 20 rents lower than Wednesday's av erage, choice of 170 pound weights, sold at $9.85. Biding on choice 225 to 230 pound averages was $9.60. choice of 240 to 260 pounders, were selling at $9.40 to $9.50. Cattle re ceipts, 7,000; sheep, 12,000. —Hogs— Receipts. 12,000; market lower. 300 lbs. and up $ 9.456i. 9.25 250-300 lbs. and up 9.35® 9.50 225-250 lbs 9.75 200-225 lbs 9.90 160-200 lbs 10.00 130-160 lbs 9.50® 9.75 90-130 lbs 8.504/ 9.25 Packing sows 7.50& 8.25 -Cattle- Receipts. 1,200; market, steady. Beef steers, 1,100-1,500 lbs. good and choice $12.25@15.50 Common and medium 9.50ifx12.25 Beef steers, 1.100 lbs. down. good and choice 12.503115.75 Common and medium 9.50® 12.50 Heifers. 350 lbs. down, good and choice 12.50® 15.00 Common and medium 8.004/12.50 Cows 8.50®10.00 Common and medium 6.50® 8.50 Lower cutter and cutters.... 4.75® 6.50 Stocker and feeder steers, good and choice 8.50®11.00 Common and medium 6.50® 8.50 —Veal*— Receipts. 600; market, steady. Medium and choice $13.50(//17.50 Cull and common 7.50® 13.50 —Sheep- Receipts. 1,000; market, weak. Lambs, good and choice $13.004813.75 j Common and medium 10.00® 13.00 j Ewes, medium to choice 4.504/. 6.50 Cull and common 2.50® 4.50 Other Livestock Hu United Press CHICAGO, Jan. !6—Hogs—Receipts, 50,000, including 4,000 directs; mostly 10 (i;/20c lower; top, $9.90- bulk, 140-210-lb. weights, $9,656/ 9.85; 220-270-lb. weights, $9,404/9.65: choice. 220 lbs., up to *9.75; packing sows, SB4/8.75: butchers, medium to choice, 21/0-350 lbs, $9,104x9.60; 200- 250 lbs., $9,404/ 9.85; 160-200 lbs., $9.60® 9.90; 130-160 lbs., $9,254x9.90; packing sows, SB6/ 8.75; pigs, medium to choice, 90-130 lbs.. $94/9.75. Cattle—Receipts 7,000; calves, 2.000; strictly good and choice fed steers and yearlings very scarce and steady on shipper's accounts; others weak, to 25c lower, with beef cows and heavy heifers carrying decline; medium steers and yearlings predominating; slaughter classes, steers, good and choice, 1,300-1.500 lbs., $124/ 15.50: 1,100-1,300 lbs., $12(b)16.25; 950-1,100 lbs., $12.50® 16.50; common and medium, 850 lbs. up. $8,754x12.50; fed yearlings, good and choice, 750-950 lbs., $12.50(5,16.50; heifers, good and choice, 850 ibs. down, $124/15.25; common and medium, SB4/12; cows, good and choice, SB6/10.75; common and me dium, $6,506/8; low cutter and cutter, $5,254/6.75; good and choice, beef $9,254/ 9.85; cutter to medium, $76,9-50; vealers, milk fed. good and choice, sl3@ 16.50; medium, sll4/13; cull and common, $7.25 | 4/11; stockers and feeder steers, good and choice, all weights, $10.50® 11.60; common and medium, $8,254/10.50. Sheep —Receipts, 12,000; market, fairly active, strong to 25c higher; bulk fat lambs, $13,756/ 14; best held around $14.25- fat ewes, steady at $6,504/7; choice, 70-lb. feeding lambs. * 13.50; lambs, good and choice, 92 lbs. down, $13.40r/iT4.25; me dium. $11,756/ 13.40; cull and common. $10,504/11.75; ewes, medium to choice. 150 lbs. down, $5 506/ 7.25; cull and com- j mon, $36/5.75; feeder lambs, good and choice, $11,656x12.10. Bv United Press CLEVELAND. Jan 16.—Hogs—Receipts. 2.000; holdovers. 1.473; slow. uneven, around 10c to 25c lower; top, 10.25 for weights 170 lbs. down, $lB to 250 lbs., $lO4/10.10. mostly $10; heavy butchers downward to $9.75 or under, roughts sows, $8; stags. $6.25. steady. Cattle—Receipts, 275; slow to 25c lower, common to medium steers around $10,506x11.50 kinds pre dominating. low cutters to medium cows, largely, $56x7.50. Calves. 400: slow around 50c lower; better grade vealers. *17.50® 18: common and medium. $134x16 largely. Sheep—Receipts, 1,400; lambs weak, $13.50 4x14; medium throwouis, $116f12; fat, ewes, steady. Bt/ United Press EAST BUFFALO. Jan. 16.—Hogs Re ceipts, 1,100; holdovers, 1,200; fairly active to all interests; steady to 10c lower; bulk, 110-210 lbs.. $10,404x10.50: 200-250 lbs.. slo.lo® 10.35; 260-280 lbs., $104x10.10; pack ing sows. $8,254/8.75. Cattle—Receipts, 125; cows steady; cutter grade, $4.256/6.50. Calves—Receipts. 250; vealers active and steady: $lB down. Sheep—Receipts. 800; fat lambs, slow', barely steady at week's decline; good to choice, $13.75® 14; me dium and strong weights. $12,254x13.25: yearling heifers. $126x12.50; fat ewes. *6 6x7.25. By United Press TOLEDO, Jan. 16. —Hogs—Receipts. 900; market 15//25c lower; heavies. mediums. $9,606/9.70; yorkers, $9.50@9.60; pigs. $9 504/9.60 Cattle—Receipts. 100; market slow; calves, receipts light; market steady. Sheep and lambs—Receipts light; market steady. Bu Times Special LOUISVILLE. Ky.. Jan. 16.—Hogs—Re ceipts, 800; market, 35c lower; 250 lower to 250 lbs. up. $9.30; 165-250 lbs.. $9.90; 130-165 lbs.. $9.30: 130 lbs. down. $8.15; roughs, $7.50; stags, $6.90. Cattle—Re ceipts, 200; market, steady; prime heavy steers. $11,504x13: heavy shipping steers, $lO4/11.50; medium and plain steers. $8.50 4/10; lat heifers, steers. sllO4/11.50; me dium and plain steers. $8.50® 10; fat heif ers. sßt/13: good to choice cows, $74/9; medium to good cows. $66x7; cutters, $5.25 6/6; canners, $3.50®4.75; bulls. s6®9; feeders. sß® 10.50; stockers. $7.50® 10.50. Calves—Receipts. 100; market, steady; top calves. sls; good to choice. $126i,15: me dium to good. $9@U: outs. $9 down. Sheep —Receipts. 100: market, steady; ewes and wethers. $12,501x13: buck lambs, $11,504/ 12: seconds. $66/9; sheep, $54/6. Wednes day's shipments—Cattle. 30; calves. 95; hogs, none; sheep, none. Bu United Press CINCINNATI Jan. 16.—Hogs—Receipts. 3.500; holdovers. 450; active. 25-35 c lower; : bulk, good and choice. 160-230 lbs., slo® i 10.10: latter price paid freely for 170-220 i averages, desirable 250-270 lbs., $9.50® 9.75; 280 lbs. up. $9.25 down; bulk 130-160 lbs.. $9.75; sows, mostlv $7,754/9; smooth finished light weights. $8.25. Cattle—Re ceipts. 275: calves. 425; steady, beef cows. $7.50® 9.50; low cutters and cutters, most ly $5.50(/;7; bulls dull, bulk. $7.50®9.25: odd-head higher: veals, mostly 50c higher; top. $17.50: bulk above *ls. Sheep—Re ceipts. 400: steady choice. 65-75 lbs. offer ing. *14.50; bulk. $13,506(14; throwouts and bucks, slojj 11.50; good light ewes, $5.50. Hu United Press PITTSBURGH. Jan. 16.—Hogs—Receipts. 2,800; market, uneven: mostly 15-25 c lower: 150-240 lbs.. *10.25// 10.40 : 260-300 lbs.. $10.15; 100-130 lbs.. slo® 10.40; sows. sß® 8.50. Cattle—Receipts .none. Calves—Re ceipts. 600; market, steady; good and choice, vealers. 5174/18.50; heavy calves, sll6/16. Sheep—Receipts 350; market, ful ly steady; better grade lambs 90 lbs. down. $13.75<i 14.25; throwouts, $94/10; aged wethers. *8®8.50. disinvestments \ AMERICAN • COMPANY lidlut'i Urftit Umtaeil B*ih THE INDIANAPOLIS TIMES New York Stocks - —“—(By Thomson & McKinnon) Jan. 18— Prev. Railroad*— High Low 12 00 close. Atchison 237*4 227% 227*4 227 At! Coast Line.. .. ... .. 169% Balt A- Ohio ...119% 118% 119 118% Canadian Pac ..IPS 3 .* 197% 198% 197% Chesa & 0hi0..212% 21264 212% 212% Chesa Corp .... 69 68% 69 69% Chi Grt West.. 15% 14% 15% 14% C R I & P 117% 117 117% 116% Del & Hudson ..171 170 171 169% Del & Lack* 141 141 141 140 Erie 80% 59 60% 59% Erie Ist pfd 62 61% 62 61% Grt Nor 96 96 96 96 Gulf Mob & Oil.. 43% 43% 43% . 11l Central ...129% 129% 129% 129% Kan City South 79% 79Va 79% 30 Mo Pac 89% 89% 89% 90 M K At T 54% 53% 54% 53% N Y Central ..172% 171% 172% 172% NY NH & H 111 3 b 110 111% 110 Nor Pacific ... 85% 85% 85% B 6 Norfolk & West 229 229 229 Pennsylvania .. 78% 77% 78 77 P & W Va 118 Reading ... ... 126 Southern Rv ....136 136 136 136% Southern Pac ..122 121% 121% 121% St Paul 25% 34% 25Ve 24% St Paul pfd... 44 43% 44 43% St L Ac S W 62% St L Ac S F 108% 108% 108% ... Union Pacific .218% 218 218 218% West Maryland 27% 26% 27V, 26% Wabash 58’/* 58 58 58 West Uac 23 23 23 23% Rubber*—- Ajax ... 2% Fisk 3% 3’4 3% 3% Goodrich 42% 42% 42% 43% Goodyear 64 64 64 6314 Kelly-Spgfld s'/g 5 5 5 Lee 7% United States 23% 23% 23% 23% Equipments— Am Car Ac Fdy.. .. ... 80% Am Steel Fd 47% 47% 47% ... Man Elec Sup.. 27% 27V* 27% 27% General Elec ..250% 248 250% 247% Gen Ry Signal.. .. ... ... 91 % Gen Am Tank.. 104% 104% 104% 104% N Y Air Brake 45% Pressed Stl Car.. 8% 8% 8% 9 Pullman 85% 84 84% 85 Westingh Air 8.. 45% 45% 45% 45% Westingh Efiec ..151% 149 150% 149 Steels— Am Roll Mills.. 88% 87% 88% 87 Bethlehem 97% 97 97 97% Colorado Fuel.. 42’4 42% 42% 42 Crucible 87 87 87 Gulf States Stl.. 60 60 60 58 Inland Steel ... ... 74 Rep Iron Ac 5t1.... ... ... 77 I.udum 35% 35% 35% 35 U S steel 173% 172 172% 172% Alloy 33% 33 33% 33% Warren Fdy ... ... , 24% Vanadium Corp. 58% 56 56% 56 Motors— Am Bosch Mag 43% Briggs 15% 15% 15% 15% Brockway Mot , ..... 15 Chrysler Corp.. 35% 34% 34’* 35% Eaton Axle .... 29% 29% 29% 28% Graham Paige.. 9% 9% 9% ... Borg Warner .. 36Vi: 35% 36% 35’/* Gabriel Snubbrs 6% 6% 6% 6% General Motors.. 39!a 38% 38% 39% Elec Stor Bat , 72 Hudson 55Va 54% 54% a4% Hupp 22 22 22 21% Auburn 180 180 180 185’% Mack Trucks .. 71% 71 % 71% 72 Marmon 23!% 23% 23% 23’% Reo 11% 11 Va 11% 11 , Gardner ....... 3% 3% 3% 3% Motor Wheel .. 27’% 27% 27’% 27% Nash 53% 53 53 54% Packard 15% 15% 15% 15% Peerless 7% Pierce Arrow 22% Studebaker Cor.. 42% 41% 42% 42% Stew' Warner.. 41 40% 40% 40% Timken Bear.... 75’% 74’% 75% z4’% Willys-Overland. 9 8% 8% 9 Yellow Coach... 13% 13 13% 13% Mining— Am Smelt & Rfg 73% 73% 73 Va 73% Am Metals .... 45% 45% 45% 45% Am Zinc 13’% 11% 12% 10% Anaconda Cop.. 73% 72 72% 73% Calumet Ac Ariz.. .. ... •••.. 86 Calumet Ac Hecla 30% 30% 30% 30% Cerro de Pasco 63’/* 61’% 62 63! a Dome Mines .... 7% 7% 7% 7 Granby Corp.... 54 54 54 54 Gt Nor Ore 21% 21% 31% 21% Inspiration Cop 28% Howe Sound... 38% 38% 38% 35% Int Nickel .... 35% 35’/a 35% 35% Kennecott Cop.. 57% 56 56 57% Magma Cop 48!a 48 48 ... Miami Copper.. 29% 29% 29!a 29 Nev Cons 29’% 28% 29 29% Texas CuTSul.. 58 57% 58 57% St Joe 51 50% 51 49% U S Smelt 34’/a 34% 34’% 34% Oils— Atlantic Rfg .. 37% 37 37 38 Barnsdall /A).. 23 23% 23% 23 Freeport-Texas.. 41’A 41% 41% 41% Houston Oil 55 Ve 55 55 56 Indp Oil Ac Gas 22% 21% 31% 22% Cont’l Oil 22% 22% 22!a 22%/ Mid-Cont Petrol 25% 25% 25% 25% Pan-Am Pet 8.. 57% 57% 53% 53% Phillip Petrol.. 32% 32 32 33% Prairie Oil 50% 50% 50% 50% Union ol Cal... 45% 45% 45% 45ya Prairie Pipe 58% 58% 58% 58 Pure Oil 23% 23% 23% 23% Royal Dutch.... 54 53% 34 54% Richfield 26% 26% 26% 25% Shell 23 22% 22% 23 Simms Petrol.... 25 25 25 26 Sinclair Oil 24 23% 24 24% Skelly Oil 31 30% 30% 30% Std Oil Cal 60% 60% 60% 60% Std Oil N J 64 62% 62% 64-/b Std OH N Y... 32% 32 32% 32% tidewater 12% 12’% 12% 12% Texas Corp 54% 54% 54% 55% Texas C Ac 0.. 9% 9% 9% 9% Transcontl 10 9% 9% 9% White Eagle 27% 37% 27% ... Industrials— Adv Rumley 14% Allis Chalmers.. 53% 52’/* 53 ul% Allied Chemical 270 270 270 268 A M Byers 94% 92% 94 92% Armour A 5% 5% 5;,a 5% Arner Can 126% 124% 126% 125% Alleghaney Corp 27 26% 26 A 26 Am Ice 37 % 37% 37% 37 Am Wool 8% 8% 8% 9% Assd Dry Goods 31% 31% 31% 30 Bon Alum 52 52 52 52 Coco Cola , ... ... 148% Conti Can 54% u 4 54 o3_e Certainteed 11’% 11% 11% 11 * Crosley 16% 15% 15 .• 16/4 Congfioleum ... 15% la 15% 14 s Curtiss W 7% 7% 7% 7 Davidson Chem. 30 30 3Q 30 Dupont 115 114 114 114 Famous Players 54% 3% 53% 54 Gen Asphalt.... 52% 51% 52% 2% Fox A 23% 22% 23_ 22% Gold Dust 44% 43% 44% 43% Glidden V 33% 33 % 33/e 33 Int Harvester.. 82% 81% 82% 82 Kelvlnator ,9% 9% 9% 9% Lambert 103 102% 102% 102% Loews ..... 52*4 51 50 ]e j£Wes. ; .:: 51% 51% 51% 504 Na°tl tR c m R Ward : 7876% 77% 76% Radio Keith 25% 34% 24% 24% Owens 80tt1e.... .. ... ■ 3% Radio Corp 42 39% 39% 41 Rem Rand...... 30% 29% 30 29/j Sears Roebuck.. 85V* 84% 8o 85/* Union Carbide.. 83% 82% 83 4 82 * Warner Bros ... 48’* 47% 4.% 48 Un Oir Craft ... 52% 52% 52/a 52% Univ Pipe 3% 3% 3% _?.. 8 n i fr Pine .23 % 23 Va 23’A 23% U S Indus A1c0.130% 130% 130% 130% Worthington Pu. .. ••• ■ li,, 70/* Woolworth Cos . 67% 87% 67% 68 Utilities — Am Tel Ac Tel. 221% 220 221 220% Ant Pr Ac Lt ... 86 84% 85% 84% Eng Pub Serv... 44V 8 43|.2 44Vb 43 4 Am For Power.. 96% 95% 95 a 95/s Am Wat Wks... 96% 95’4 95% 95 Gen Pub Serv... 34% 33 33 34 Col GAc E 78% 77% 18% 77% Consol Gas 107 105 8 Elec Pow Ac Lt.. 56% 56V* 56 * 06% Int TAc T 74% 73% 74 74% Nor Am Cos 99% 98% 98% 99% Pac Light ...... 80% 80% 80% 80 Pub Serv NJ.. 87 85% 86% 86% So Cal Edison.. 58% 57% 58 58 Std Gas Ac E1...116% 116 116 116% United Corp ... 34% 33% 33% 34 Utilities Power.. 32% 32 32 32 United Gfc Imp 36*4 35 36*8 35*4 West Union Tel 206% 206’4 206% 304 Shipping— Am Inti Corp .. 38% 38 38% 38 Atl Gulf Ac WI. 75% 75% 75% .6% Int! Mer M pfd. 28% 28% 28% 29 United Fruit ...184% 104% 104% 104% Foods — Am Sug Rfg ...63 63 63 63 Beechnut Pkg 64 California Pkg.. .. ••• y. /2 Canada Dry ... 69 68% 58% 68 Corn Products . 90% 9% 9_,a 191% Cont Bak A .... 43% 43% 43% 43% Borden 64% 64 64 64% Cuban Am Bug. ... ... ••• ’/ Grand Union .. 14% 14% 14% 14% Grand Union pfd 39 2 Kraft Cheese .. .. ... ... 41 * Kroger 4545 Vs Loose Wiles .... 54% 54% 54% 53% Natl Biscuit .... .. ••• l4va Natl Dairy .... 47 46 s * 46% 46_a Purity Bak .... 81% 80 80 80% Loft 44% 43 *4% 3 a Stand Brands .. 27% 27% 27% 27% Ward Baking B. 4 a Tobaccos— lob 8 ra ..:::207% 2 of 4 5.::i66 98 -99% 98 Lorillard 18% 1< 3 * 18% *8 R J Reynolds .. 50% b 0 50 50^ Tob Products B. 2% 2% 2 a- United Cigar St. 5% 4% 5% 4 B Schulte Ret Strs 7% > / 6 a Local Wagon Wheat City (train elevators are paying I.l* tor No. 2 red wheat and sl.ll for So. 2 hard wheat. NEW YORK COFFEE RANGE —Jan. 15— ‘High. Low. Close. January 7.98 7.40 7.40 March 2*o .-SO ;-30 July 7.40 7.45 .-45 September •••••••• 7.78 -7.38 7.78 December Mt 1M 7.30 STRONG CABLES ADD STRENGTH TO GRAIN MART Corn and Oats Rally With Wheat on Opening of Future Trade. By United Press CHICAGO. Jan. 16. Wheat gained fractionally as the Board of Trade opened today, the better prices at Liverpool causing some buying support. Liverpool reacted this morning, after an irregular opening it spurted and was 1% to cents, shortly after mid-day. The reaction was mostly from shorts covering and did not indicate a bet ter demand. Corn and oats were up slightly with wheat. At the opening wheat was Is to % cent higher, com was up % to % cent and oats was % cent higher. Provisions were weak. News in the wheat trade has been distinctly discouraging to holders and some moderate liquidation has resulted. Foreigners are sitting back and waiting, confident of getting their supplies at their own prices later on. The market has become oversold easily of late and is subject to sudden rallies. Corn has assumed a bearish aspect due mostly to the weakness of wheat. The 52,000 bushels booked from Kansas City Wednesday were sought because the moderate arriv als here were not sufficient for the demand. Weather remains clear and cold. Oats is by turns active and dull ■with the price changes of little significance. Chicago Grain Table ■—Jan. 16— WHEAT— prev. Open. Low. 12:00. close. Mar 1.25’4 1.24% 1.25% 1.24 May 1.29% 1.28% 1.29% 1.28 July 1.30% 1.29% 1.30% 1.29% CORN— Mar .90% .90% .90% .90% May 94% .93% .94 .94 July 96 .95% .95% .95% OATS— Mar .47 46%. 47 .47’/* May 48% .481* .48% .48% July 47% .47% .47% .47% RYE— Mar 1.00 .99% .99% .99% May 98 .97% .97% .97% July 96% .96 .96 .96 LARD— Mar 10.52 10.52 10.52 10.52 May 10.72 10.67 10.72 10.70 July 10.85 10.85 10.85 Bu Times Sneeial _ CHICAGO. Jan. 16.—Carlots: 7; com, 105; oats, 24; rye, 6; barley, 11. On Commission Row FRUITS Apples—Delicious, box extra fancy, $3.75: choice. $2@2.25; Jonathans. $2.75; Grimes Golden. $2.50; New York Duchess. $2.25® 2.50; Gravenstcin, $3; Wolf River. $2.50: Staymen box. $3®3.25. Cranberries—s 4 a 25-lb. box; $8.25 a 50-lb. box. Grapefruit—Florida, #4.50'®5. Grapes—California, seedless. $3.50 a crate; Emperor. $2.60®2.75 a crate. Lemons—California, a crate, $9. Limes—Jamacia. $2.50@3. Oranges—California Valencia. $4.50(9)8.50 Strawberries—6oc a quart. Tangerines—s3.so a crate. VEGETABLES Beans—Florida, $4.75®5 a hamper Beets—Texas. $3.50 a crate. Carrots—California, crate. $3.50. Cabbages—s3.so a barrel. Celery—Michigan, 90c; Idaho. $1.26 a dozen bunches. Cauliflower—Colorado, crate, $2.50. Cucumbers—Florida, $6 a crate. Eggplane—s2.so a dozen. $6 a hamper. Kale—Spring, a bushel, 90c. Lettuce—California Iceberg. $6.50 a crate home-grown leal a bushel. $1.65. Mustard—A bushel. sl. Onions—lndiana yellow. $2.25 a 100-lb bag; white, 50-lb. bag, $1.75. Parsley—Southern, doz bunches, sl. Peas—California, $6.50 a hamper. Peppers—Florida, $7 a crate. Potatoes—Wisconsin and Minnesota white, $4.25®4.50 a 160-lb. bag; Red River Ohios, 120 lbs., $3.90; Idaho Russets. $4. Radishes—Button, hothouse, dozen .90c; southern, long red. 15®25c dozen. Sweet potatoes—lndiana Jersey. $2.50 a bushel: No. 2. $1.65 a bushel; Nancy Halls $1.75 a hamper. Tomatoes—California. $3 a bag; hot house, $2.50 a 8-lb. basket. Births Boy* Lloyd and Lavern Byassee, 621 E. Michi gan. Elmer and Audra Welch, 1147 Hoyt. Howard and Pauline Travis, Methodist hospital. Dwight and Bettie Morris, Methodist hos pital. La Vere and Nola Leet, Methodist hos pital. Arthur and Zelpha Gritt. 4405 Guilford. Carl and Agnes Martin, 922 South State. Robert and Rosemary Endsley, 1225 North Drexei. Raymond and Martha Miskoweic, 1610 West Wilcox. Frank and Vera Alexander, Christian hospital. Ernest and Geneva Greeson, 1403 Brook side. Marlon and Vera Green. 3904 Schofield. Dewey and Dorothea Wiley. 1103 Spann. Rov and Grace Miller. 1009 Prospect. Frank and Hazel Lyzor, 1506 North Illi nois. Girls Leo and Beeulah Merz. Methodist hos pital. Robert and Gladys Brown, Methodist hospital. Frank and Lois Curtis. Methodist hos pital. Max and Ann Selig. Methodist hospital. Marion and Bessie Hobbs, 2323 Reform ers. Richard and Mary Fletcher, 878 West Tenth. Francis and Sylvia Robertson, 1437 Relsner. John and Lula Greenwood. 902 Miekel. Thomas and Ruth Jones, 2315 Indian apolis. * . Harry and Cora Davis, 1003 Pearl. Jesse and Stella Bell. 1518 Columbia. George and Ida Furman. 721 Ogden, lies and Ruth Carter. 936 North Traub. George and Gladys Cruse. 1136 Brook. William and Ida Parker, 149 Douglas. Samuel and Alice Shaffer, 1148 Bates. John and Ruth Clements. 645 Blackford. Deaths Mary E. Ellis, 59. Methodist hospital, pneumonia. . Margaret Morgan. 73. 556 West Thirtieth, carcinoma. . _ „ Elmer Horace Cushing. 28, 1030 North Kpvsuene. acute endocarditis. Filippo caito. 69. 221 East Henry, arterio sclerosis. . . . ... Elizabeth Fox. 70. Methodist hospital, broncho pneumonia. Elizabeth A. Brown. 88. 3912 Comelium, cerebral apoplexy. Earl C. Hedge, 51. 66 North Addison, Addison's disease. Frank Marnev. 67. New Jersey and ■Washington, apoplexy. . . William Weidner. 62. 520 East St. Clair. Ca Nora"Norman, 67. Methodist hospital, tuberculosis. ... ... Emma Isabelle Bennett. 63. city hospital. acute myocarditis. , Samuel J. Trenary. 89. 1117 Park, cere bral apon'exy. _ ... , Sarah Soeellman. 57. St. Vincent s hos pital. coronary thrombosis. Florence M. Garner. 49. 151 Bakemeyer, lobar pneumonia. Mary F. Eix, 80. 1122 Southeastern, ar teriosclerosis. . , Ora Kelso. 51, 1910 Union, chronic myo- CB Ctnrence Hull. 10 mo., city hospital, lo bar pneumonia. _ . . .... Donald Keith Forsee. 1. city hospital, lobar pneumonia OPEN ADVERTISING FIRM Leonard Schick, Former Newspaper Artist, Organizes Company. Organization of anew advertising firm to be known as the Leonard B. Schick Company x \s announced to day by Leonard B. Schick. Schick has been employed by the Indianapolis Star, the ilillis Ad vertising Company, and the Russell M. Seeds Company. The new com pany, with offices in the Merchants bank building, will supply advertis ing and art service. Business and Finance Bu United Press CHICAGO. Jan. 16.—With the best year's business in the history of the company just ended. Mont gomery Ward Sc Cos., is en joying the strongest financial con ditions it has ever known according to a report made public today. The 1929 earnings amply covered the dividends. company distribution facilities are better than ever before, and business is larger in volume than at any time in the history of the company, the statement said, denying rumors that the company's business was falling off. Bu United Press WASHINGTON. Jan. 16.—United States exports in December ex ceeded imports by $123,000,000, the commerce department an nounced late Wednesday. Totaling $434,000,000, exports were $8,311,000 less than in No vember, however, and imports at $311,000,000 were $7,553,000 less than in November. Last month’s totals brought ex ports for 1929 to $5,248,483,000. which was $120,127,000 more than in 1928. Imports for 1929 totaled $4,400,634,000, an increase of $409,- 109,000 over 1928. Bit l nited Press HOUSTON, Tex.. Jan. 16.—Drastic cuts in the prices of light crude oil in all Texas fields were posted by the Humble Pipe Line Company here Wednesday. Reductions range fram 25 to 41 cents per barrel. Grade A, coastal crude was re duced 25 cents per barrel, making the present price $1.05. Ludwig Baumann & Cos. report net sales of $1,368,162 for December. 1929. against $1,452,185 in December. 1928. For the fiscal year July 1 to Dec. 31, EVANS WOOLEN JR. GETS BANK POST Elected as Vice-President of Fletcher Company by Directors. Evans Woollen Jr., was elected a vice-president of the Fletcher Sav ings and Trust Company and all other executives were re-elected in the annual meeting of directors Wednesday. M. S. Parr was added to officers of the Fletcher Joint Stock Land bank as assistant treas urer. Officers of the Fletcher Sav ings and Trust Building Company and the Vajen Leasehold Realty Company also were re-elected. Woollen is a graduate of Yale and has served in the trust com- pany as manager of the West Indi anapolis branch, cashier of the Sixteenth Street State bank, and assistant to the president since 1923. Parr has been field repre •entative of the ’letcher Joint Stock Land bank and had banking experience in Elk hart and Sheri dan before com- ,% * Evans Woollen Jr here. President Evans Woollen reported to the board com bined resources of the trust com pany and its six affiliated state banks total $28,313,716.62 and, in addition, resources of the Fletcher Joint Stock Land bank, owned by the trust company, were $16,626,- 318.41. Evans Woollen was re-elected president of the trust company, the joint stock land bank, the builenng company and the Vajen Leasehold Realty Company. Apologize for Noise NEW YORK. Jan. 16.—New York still is as noisy as ever, but it is beginning to apologize. On anew building in fashionable Gramercy Park district, is this sign: “Our sin cere apologies to our neighbors for the unavoidable annoyance this hammering must occasion.” APPROVED/ - I ! I *• .r- ‘Z-ZZIV’ZZX I 1 f" Every day Woodstock is winning more and more cus- JfflpjyjflHß'. tomers and friends as well. The above letter is proof Woodstock Typewriter Cos. 748 CONSOLIDATED BLDG. 1929. net <ales were $7,132,906 against $6,348,748 in the corresponding period of the previous year. The annual report of United Founder* Corporation, which will be mailed to stockholder*, reveals net earnings of 514.067.103 for Ihr period of ten months from organizations to Nov. 80. 1929. Total resources on Nov. SO was $210.- 399.206. The report show* that United Found er* Corporation owned on Nov. 30 more than one-third of the outstanding com mon stock of American Founder* Corpo ration. which ha* consolidated assets of more than $200,000,000. It also reveals that the corporation owned 1.900,000 shares of Class A and common stock of United States F.lectrie Power Corpora tion. making it the largest stockholder in that company. TORONTO. Ontario.—Building and con struction contracts awarded in Canada in 1929 totalled $576,651,800. an increase over the 1928 total of $104,619,200. the highest on record, according to McLean Building Reports Ltd. Engineering contracts during the year under review accounted for $194,620,000; business buildings. $190,161,700; residential buildings. $128,901,300; new factories and additions. $62,968,800. Consolidation of all water service sub sidiaries in California of the American States Public Service Company, recently approved by the California R-ailroaf Commission, has been effected and the merged subsidiaries, now known as the American States Water Service Company of California, began operation as one corporation on Jan. 1. 1930. Lower oper ating costs and more efficient service to the public will result from the consolida tion. in the opinion of the company and the Railroad Commission. DETROIT. Jan. 16.—Max J. Stringer was re-elected president of the Detroit Stock F.xchange at the annual meeting here late Wednesday. Frederick C. Ford, of Nicol. Ford & Cos., was elected vice-president and William C. Roney of W. C. Rooney Ac Cos. was elected treasurer. Stringer, Ford and Roney also were elected to the board of governors for three-year terms, while Raymond W. Reil ly. of W. E. Reilly Ac Cos., was elected to the board for one year. FORD PLANS TO BUILD NEW BRANCH PLANT Announces New Construction at Richmond. California. Bv T nited Press DETROIT, Jan. 16. —Reports that the Ford Motor Car Company planned to build a branch plant near Everett, Wash., were said to be “unfounded” at the Ford com pany offices here today. The recently announced plan for a plant at Richmond. Cal., it was said, was the only definite coast expansion program under consider ation. Marriage Licenses Halley E. Abbott. 22. of 371 Prospect, machinist, and Orpha L. Massel, 20. oi Sunnvslde, nurse. Alvin E. Nye, 43. of 522 Division, tailor, and Nettie E. Yost. 34. of the Lincoln. Walter E. Baldwin. 26. of 1424 West New York, mechanic, and May G. Green wald. 24. of 815 North New Jeersey. Tracy R. Elliott, 39. of Fortwell, elec trician. and Nancy V. Elliott, 33, of Castleton. . ~ Manuel J. Loretto. 26. of 450 North Me ridian, waiter, and Lula Cox, 23. of 403 North Pennsylvania. Legal Notices ELECTION of 2 trustees at Fairfax Christian Church Sunday morning. Jan. 26. MRS, SAM SMITH. Clerk. NOTICE OF STOCKHOLDERS’ ANNUAL MEETING AND ELECTION OF DIREC TORS. Notice is hereby given that the annual meeting of the HOME BUILDERS SAV INGS AND LOAN ASSOCIATION OF IN DIANAPOLIS. INDIANA, will be held at the office of said association. 2130 E. Tenth street, in the city of Indianapolis. Marion county. Indiana, on Monday the 3rd day of February. 1930. between the hours of 8 o’clock and 9 o clock p. m. FRED LAMMERT. President of said Association. Attest: FRED WUELFING, Secretary thereof. LEGAL SALE Notice is hereby given pursuant to the statutes that the undersigned, conduct ing a public storage house, will on Mon day. Feb. 3, 1930. sell for accrued charges the household and other goods belonging to the following named people: Mrs. Charles Alford. No. 943: Emma AveriH. No. 3341; Bertha Balser, No. 3829; Mrs. R. H. Bennett. No. 3270: Cash Brewster, No. 2444: Ora Bryan. No. 3549; J. P. Cashman, No. 2529: Mrs. N. K. Chamberlin. No. 732; Mrs. T. J. Chris tian. No. 2588: Mrs. Gertrude Cohn. No. 3335; George Dollarhlde, No. 2849; Ruth Fislar. No. 1884: W. E. Forrester. No. 1479; Marjorie Garman, No. 3385; Mat thew Gatson, No. 3739; Ellis U. Graff. No. 2476; Leta Gyger No. 3743; Pearl Hall, No. 3591; Lawrence Hatfield, No. 3554; Ray O. Lynn. No. 2318: Mrs. George T. Meyers, No. 1891; Adolph Belden sticker. No. 3626; R. D. Strange, No. 3362; Ernest Verbarg. No. 2883. SHANK FIREPROOF STORAGE CO. 1432 N. Illinois 6t.. Indianapolis, Ind. _JAN. 16, 1930 CITIES SERVICE BREAKSJRECORD Earnings in 1929 Set New High Figure. Bu United Press NEW YORK. Jan. 16.—Cities Service Company's net earnings in 1929 set anew high record for any year in the company's history and an increase of more than 9 per cent over 1928, the company announced today. Net profits in 1929 were $43,452,- 386. while December profits also set anew high record at $5,043,802, an increase of 5 per cent over the same month of 1928. Net profits applicable to common dividends in 1929 was $29,591,400, equal to sl.lß a common share, com pared with $22,876,754, or $1.19 a common share in the preceding twelve months. December net after preferred dividends was $3,826,093, against $2,217,467 in December, 1928. The company's earnings in 1929 were 6.22 times interest and dis count charges. Net to stocks and reserves amounted to $36,477,184, or 5 30 times preferred stock dividends, compared with $29,649,959. or 4.38 times requirements in the previous year. The company’s oil marketing sub sidiaries purchased 500 tank and service stations during 1929, the largest acquisition being that of the facilities of the Louisiana Oil and Refining Company in southwestern Ohio. Regular dividends were declared on various classes of stock. Send Gold to Europe Hu T 7 nitrd Press RIO DE JANEIRO, Jan. 16.—'The Brazilian government has sent a consignment of $500,000 gold to Eu rope for use, it is believed, in con nection with certain foreign obliga tions. l egal Notices i NOTICE ro BRIDGE CONTRACTORS Notice is hereby given that sealed pro - I posals for the construction of certai . bridges on State Highways will be re ceived by the Director of the Indiana State Highway Commission at his office in the State House Annex in Indianapolis, until 10 a. m., January 28. 1930. when al) proposals will be publicly opened and read. These bridges are further de scribed as follows: Allen County—Three bridges on Road 27 N. consisting of one 53' bridge, one 124' bridge and one bridge of two spans of 72' each: and one 65’ bridge on Road 30-0. Daviess County—Two bridges on Rond 50 D. consisting of one 24' bridge and one 40" bridge. Delaware County—One 60' bridge on Road 28 N. Greene County—Three bridges on Road 67-C, consisting of one 24' bridge, one 32' bridge and one 124' bridge. Jennings County—One bridge on Road 50-N. consisting of one span of 47'. one span of 180', and one span of 47'. and approximately 0.18 mi. approach grading /approx. 7.000 cu. yds.). La Porte County—One 28' bridge on Road 43-S. Madison County—One 72' bridge on Road 28-M. Marion County—One 72' bridge on Road 52-J. Martin County—Two bridges on Road 50-E. consisting of one 24' bridge and one 60' bridge. Porter County—One bridge on Road 49-A over Wabash R. R.. consisting ot five spans of 30' each and approximately 0.34 mi. approach grading (approx. 45,000 cu. yds.). Spencer County—One 50 bridge on Road 62-H. Tippecanoe County—Two bridges on Road 43-L, consisting of one 28' bridge and one 62’ bridge. Vermillion County—One bridge on Road 36-B over Chicago and Eastern Illinois R. R.. consisting of two spans of 40’ each, one span oi 34'. one span of 20' and one span of 40' and approximately 0.20 mi. approach grading (Approx. 7.000 cu. yds.) Wayne County—One 28' bridge on Road 11-A; and one 40’ bridge on Road 40-T. White County—Two bridges on Road 43-M. consisting of one 36’ bridge and one 124' bridge. The plans and specifications may be examined at the office of the State High way Commission. State House Annex. In dianapolis. or copies thereof will be for warded upon payment to the Director of a nominal charge. No refund will be made for plans returned. Proposals must be made upon standard forms of the Indiana State Highway Com mission. which will be supplied upon re quest. , . ~ Each bidder, with his proposal, shall file a corporate surety bond payable to the State of Indiana in the penal sum of at least one and one-half (1 %l times the amount of his proposal, with good and sufficient security to the approyal of the Director. SUCH BOND SHALL BE ONLY IN THE FORM PRESRIBED BY LAW AND SHALL BE EXECUTED ON THE FORM BOUND IN THE PROPOSAL. For this bridge letting each bidder shall file his ''Experience Record and Financial Statement' prior to filing his proposals. Forms will be furnished upon request. Some of these structures will be awarded in groups of two or more struc tures. Further information regarding the work contemplated, the method of letting and price of plans, will be furnished upon request. The right Is reserved by the Director to reject any or all bids or to award on any stated combination of bids that is in his judgment most advantageoua to the State of Indiana. INDIANA STATE HIGHWAY COMMISSION J J. BROWN. Director.