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The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, March 07, 1930, Home Edition, Second Section, Image 25

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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.—Amuse
ment 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 frac
tions 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 ex
dividend 78%, up 'i. and Bethle
hem 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, fea
tured 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 mid
sesssion. with Borden. National Dai
ry Prciduets and Kraft Cheese in de
mand. 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 out
side 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.
EXTRA!- EXTRA!! Saturday Only!
18-Kt. Solid White
Gold Wedding Ring M)
GIVEN # M
AWAY
With the Diamond King described vj. '-'nfr..
below. Make selections early.
C hoice f I* 4 *-** I Perfectly Set II n n U - curved
design*. | Diamond J mounting.
Our Regular $35.00 Sparkling
DIAMONDS ,mf|.7s
Here Is an exceptional offer that no
lover of Diamonds should miss—The fire
and brilliancy of the diamonds will thrill .
vou—choice
ONLY 75c DOWN!
| Wrist Watches
Wrist Band £ Q K A^JaKil
to match.
Munlt . "ui lifs in th* ''-rj
CREDIT JEWELERS
113 W. Washington St. h£!kV
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.—Natural
ly. 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 politi
ponement 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 mar
ket. 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 re
sult in the largest bank in the
world. It is not. likely that such
a consolidation would be under
taken 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 ad
here to the opinion that the current
phase of the recovery movement,
interrupted only by occasional peri
ods 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 Yan
des. maid.
Samuel Solotkin. 22. of Greenfield, mer
chant. and Lillian Goidbers. 21, of 567
Highland drive.
James E May. 24. of 937 Fayette, me
chanic. 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 Four
teenth. 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 ex
hibited 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, re-
I 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 Thurs
day'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
-Cattle-
Receipts, 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 un
evenly 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; com
mon. and medium, [email protected]; cows, good
and [email protected]; common and me
dium, $6478: low cutter and cutter. [email protected]
6: bulls, good and choice, beef, $8.254,9.50;
cutter to medium, $6.75428.50; vealers,
milk fed, good and choice, $114215; me
stockers 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: sev
eral 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. 92-
100 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 Re
ceipts, 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: Cat
tle. 107; calves, 101: hogs, 147; sheep,
none.
Bii United Press
CLEVELAND. March 7.—Hogs—Receipts,
I, holdovers, 714; mostly steady; 240-
325 lbs . 154,25 c lower; bulk downward to
$10.50 or under; most 150-260 lbs. mix
tures. $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 to
day; weak to 25c lower than Monday: me
dium 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—Re
ceipts, 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. 160-
240 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. 120-
i 160 lbs.. $11: lighter pigs. $10.75 down;
j most sows. $8.75: few, $9. Cattle—Re
ceipts. 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, [email protected]; 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—Re
ceipts. 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 depart
ment 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.—ln
formality 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, un
i 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; sec-
I onds. 294,30 c; standards, 35%c. Poultry-
Market, weak. Receipts. 4 cars; fowTs,
24c: springers, 29c; Leghorns, 25c; ducks,
204,23 c; geese. [email protected]; 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; Wiscon
sin 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. [email protected];
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 Mon
day night in the Denison hotel.
Directors of the Indianapolis Hu
i mane Society will meet in the soci
ety's office, 703 Inland Bank build
ing 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 expe
dition 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 un
der conflicting news. Farm board
action was bullish, but lack of stor
age 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 be
fore 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 un
changed to % cent lower and oats
was Vs cent lower to % cent higher.
Provisions were steady.
While Chairman Legge’s state
ment 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 accentu
ates the lack of storage space here
and at other terminals. The trade
is further depressed by the unnat
ural delay in export business.
Weather over the southwest, Kan
sas 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 unset
tlement in wheat is preventing any
constructive operations.
Oats continues its lamb-like ser
vility to the major grains, although
the feed situation is generally bull
ish.
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 Blooming
ton, Waco plane; Elvin Tarkington,
Curtiss-Wright sales manager, to
Columbus, 0., and return, Robin;
Lawrence I. Aretz and Richard Ar
nett. from Lafayette to Indianapo- j
lis, Waco; W. R. Boyd. Chicago to i
Columbus, 0., Fleet plane; R. Og
den, St. Louis to New York, Challen
ger Robin; Embry-Riddle passengers
included Mr. and Mrs. H. W. Deit
rich 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 Colum
bus. O.
Capitol Airport—Charles Love
well. Richmond to Kalamazoo,
Mich.; Robert Orr. Chicago to
Huntington. W. Va. Fairchild; How
ard Brock, St. Louis to Grand Rap
ids. 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.. Sat
urday 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 daugh
ter, 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, hav
ing escaped injury in a fall from
a polo pony, today planned to wit
ness 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 sub
sidiary companies, including the Pierce-
Arrow 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 re
mained $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 div
dend on United States Electric IJtht
and Power Shares, Ine., trust certifi
cates 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. an
nual 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 com
pares 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 equiva
lent to $3.33 a share on the 5,000,060
shares of non-par value stock outstand
ing at the close of the year, as com
pared 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, presi
dent 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 con
solidated 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.—Ly
coming Manufacturing Company, a di
vision of Auburn Automobile Company, re
ported a 250 per cent increase in the
number of motors released for delivery
March 1. the beginning of the second quar
ter of the fiscal year 1930, compared with
releases on Dec. 1. the beginning of the
first quarter.
The annual report of The Borden Com
pany—the first report of any kind issued
by the company on its 1929 operating re
sults—reveals an impressive record of
sales and earnings never before equaled
in the seventy-three years since the busi
ness was founded by Gail Borden. The
past year was one of marked progress
and devolpment and was characterized
by further expansion and diversifica
tion of the company and its operating
properties in the various states and
Canada.
Lane. Piper A Jaffray, Inc.: Foreman-
State Corporation; Northern National
Corporation, and Anglo London Paris Com
pany 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: Wine
sap, $2.25®2.50.
Cranberries—Box of 25 lbs,, SB.
Grapefruit—Florida. $4.75®5.25.
Grapes—California Alemeria. $3.75: Em
perors. 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. Forty
second. 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, sta
tion. 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 non
payment of alimony the court ad
vised 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 re
i 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 de
preciation of si'ent films.
The Fox Theaters Corporation
! and wholly owned or controlled sub
! sidiaries reported for the year end-
I 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 re
vealed for die first time in the re
port Current liabilities of the thea
ters unit total $65428.029, includ
j ine $17,751,904 owing to the film
corporation. Combined current lia
bilities of the two companies elim
inatine 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 pro
j vides approximately $60,000,000 in
new money, the proposal is esti
mated to leave the two companies
with about $30,000,000 current paj’-
ables and $4,590,000 in cash between
them. Current earnings are expect
ed 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 de
mands in 1930 caused increase of
capital stock of the Perfect Circle
Piston Ring Company of Hagers
town. Ind., from 162,500 to 250.000
chares, no par value, recently an
nounced.
Earnings in 1929 averaged $5.54 a
share on the 162,500 shares of out
standing stock. The stock increase
was authorized by the stockholders,
but no stock will be sold until necd
; cd. directors having discretion. Dur
j ing .1929. current assets of the com
i 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 quar
terly 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 pub
lic 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

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