Indianapolis Times, Volume 36, Number 13, Indianapolis, Marion County, 26 May 1924 — Page 9

MONDAY, MAY 2(5, 1924

INDUSTRIALS IN DEMAND AT BEST RECOVERY LEVEL i Wall Street Expects House to Duplicate Senate Tax Bill Action. By United Pres* NEW YORK, May 26.—The. expectation that the House would readily duplicate the action of the Senate in passing the tax bill and revised figures from the Treasury Department placing the surplus this year at $364,000,000 and for 1925 at $138,000,000 or $2,000,000 in excess of the bonus requirements, brought about a strong opening in the general list ' With the street relieved of apprehension over the prospect of a deficit resulting from the compromise tax measure, industrials were in demand at the best levels of the current recovery. American Can, United States •Steel. General Electric and other leaders started in at the close to the highest prices on the movement. Opening pru-tsr: General Ele-trii* 220. up : Sinclair 22'.. up ‘ : Marland 33: Anemia SOS.: American Can 104", up , : Studebaker 33% off 1 1 Norfolk & Wrsfi-fn 123 %. up % : Corn Products 30. up %. 11. S. Steel ns l ,, up 5 : Consolidated Gas 04 Southern Pacific Hi off % : Pan-American Pete. B A0 7 ,, up %: A" 52%. up ■% : A. T. Sc T. 125 %, up %. <•01101211 Fist Strong Pronounced strength characterized the general list in the noon dealings. American Can reached a new-high on the recovery at 105 and * other industrial leaders moved up 1 proportionately. R ils maintained an upward trend despite the irregularity which developed in Buffalo, Rochester and Pittsburgh preferred which dropped 9 : % to 70 5 % and in St*. Paul preferred which was issue was started by the publication of its April earnings which showed an operating loss. With these exceptions. however, the raii Ust > showed buoyancy.

GAINS SHOWN IN CLOSING GRAINS Wheat Scores Sharply on Good, Brisk Buying. Rtt United Pres* CHICAGO. May 26.—Grains closed showing gains no the Board of Trade | *' today. Wheat scored sharply on j good local buying, induced by unfavorable croft news. Later, however.values slumped slight realizing. Export business was not very brisk. - Accumulation of strength in corn pp.and and pessimistic crop Oats went lip with other grains. Provisions closed nominally unchanged. Chicago Grain Table WHEAT— * 1 ~ 6 Prev. Open. Tigh. Low. Close. cicse Mar 1.0'.S 1 05 *i 1.05% 1 OH 1.05% July 1 .OS % 1.0!! 1.07% l.os*, 1.08% Sept 1.09 1.10 1.06% 1.09% 1.09% CORN— May 78% 78% 78% 78% 78% July 78% 77 % 76% 77 % 70% • Sept 78 % 77 % 76% 77% 75% OATS— Mar 48% 47 48% 46 % 48% July 44% 44% -14% 44% 44% Sept 30 % 40 % 30% 40% 311% LARI' — May Nominal 10.25 10.25 RIBS — ‘ May Nominal 9.72 9.70 Mav 48% 65% 68 68 67% July 69% 7 0 69% 69 % 69% CHICAGO. May 26.—Wheat—No 2 hard. 5t. 08% < 1 i J % ; No. 3. 51. 06. Coni ' —No 1 yellow 80%' : No. 2. 80"iS0%e; No. 3. 77 % 79e; No. 4 75%M76%e: No. 6. 72%0; No 2 medium. 79%% 79 %c; No 3, 76 % 77e; No. 4. 75 %. c: No .1 white. 80'ft80%e No. 3. 77%''" 78%c: No. 4 75 % 'a. 76 % c: No. 6 74<fi 74 44c. Oats—No. 3 white 47i.48%<-: No. 4. 46 % frt-47 %■;; standards. 44e. Batley—74'a 77c. Rye—No. 3. H9e Timothy —ss@ 7.25. Clover—Sl 0.50 % 18.50. TOLEDO. May 26.—Wheat—Cash. 51.12 % 1 15 Corn—Cash. 81 .81 %e. Rye— Cash. 69 %c. Oats—Cash. 52 Sz 53 %e. Barley—Cush 77c. Clover—Cash, Sll '.’o: Oetober. 511.70. Tir nthy—ash and May. $3.35: September. 53.75: aisike, eash, $9.80: August. $10.30; hay. S3O. SOUTH AFRICA LOOMS AS AUTO TRADE FIELD guiles Manager of General .Motors Tells of Improvements. Every year South Africa is becoming a greater field for the automobile business, according to Arthur Williams of the General Export Com- - pany, in a statement made recently while visiting the Olds Motor Works. Mr. Williams has been associated with the sales end of the automobile business for the past fourteen years, the last eight years as manager of the South African branch. Erection of dams and the building of irrigation systems have greatly broadened the trade field of South Africa during the past few years, he said. The raising of citrous fruits and cotton and the rapid development of the sugar industry have added greatly to the" business of the country- These new activities have resulted in an increase in population and considerable road building. The greatest need of the country at th<- present time is additional capital to develop resources. Tank Wagon Prices - Gasoline priceus do not include State tax of 2c a gallon.) GASOLINE—Enerpee. 22c a gallon: Pljrol, 18.2 c: Red Crown, 18 3c: Diamond Gas. 18 2e. Crystal Hep. 21o: Target. 18.2 c: Silver flash, 23c: Standoltnd aviation, 23c. KEROSENE—Crystaline. 12.7 c a gallon; Moore Light. 15.5 c; Arcliie, 12.7 c; Perfection 12.7 c. Solvent, 35c. NAPTHA—Lion Power Cleaners. 22 8c a galton; V. M. & P.. 22.5 c; Standolind m * Local Bank Clearings Indianapolis bank clearings Monday were 52.795 000. Rank debits amounted to $5,160,000. Club Directors Will Banquet Annual banquet of the board of directors of the Boys' Club Association, 449 S. Meridian St., will be held Tuesday noon at Clay poo L

New York Stocks

(By Thomson A McKinnon) —May 20— Railroads — Prey. High- Low. 1 :30. close. Atchison ..103 102*1 103 103 B & O ... 55 % 54 '4 55 % 54 *3 C Sc O ... 70 78 % 79 78•% C A N W Ry 53 % 53% 53 1 3 53 m C R I & P 26 % 25 Vi 20*4 26% Pel & Hud.ll7 115 117 117'3 Erie 25% ... 25 24% Gt Nor pTd 58 1 a ... 58'4 52*4 Lehigh Val 41*4 ... 41H 41 % N Y Cent.. 103 10214 103 102 7 , North Pro 53*4 ... 52 *4 52 % Nor & W. 125 ’-i 124 % 125 m 123*4 Pere Mar.. SON 48% 50% 49 % South R,v. 54 N 54 H 54 % 53 % South Pa c 91N 90S 91% 00% St Paul pfd 25 U 23 % 24 % 25 Vs 9tL & SW 38 37 .37 % ... Union Pac.l33 ... 133 133 Wab pfd. . 40 ”4 45 *4 46 % 45 'a Rubber*— Kelly-Spring 14 ... 13N 14*4 U S Rubber 26 25% 25*4 26 Equipments— Am Loco.. 73 .... 73 .73 Bald Loeo.llO 108’i 109> 3 109'* Gen Elec .222 219% 221'* 219% Pullman .120** 120*, 12044 130*4 Weeth Elec 57 56 *4 57 57 Steels— Bethlehem. 49% 48 V, 49'* 48% Colorado F. 40 s * 40 • 40 % 40 *3 Crucible .. 52*4 51% 52*4 51 >4 Gulf States 67 06** 67 06*4 PR C* I. 48'* 47 48% 48 R T & Steel. 45 14 7 , 45 45.'* U S Steel. 98’* ... 98 97% Motor,— Chandler M 46% ... 45** 46 Gen Motors 13*4 •• 13*, 13’ 3 Max M IAI 43% 42** 43% 42% Max M <BI 11 ... 11 Studebaker.. 33% 33% 33*4 33% Stewart-W.. 63% 02 % 62% 62% Timken ... 33% 33% 33% 33% Minings— Texas G & S 61 ... 61 61 % Coppers— Anaconda... 30% 30'4 30*4 30% Keunecott. . 38 s , 38% 38*4 38% Ots— Cal Petrol.. 23 % 23*4 23% 23% Cosden . . 30 % 30’* 30% 30', Marland O 33% 33 33% 33 P-Ani Pt.e 52% 51 % 52% 52*4 P-A P (R) 50% 49 % 50 *4 SGA, Pacific Oil.. 49% 49 49% 18% Pro A- Ref. 28', 26% 27% 26'* -Pure Oil .22% .. . 22'- 22% S Oil of Cal 58 57% 58 57 % S Oil of N J 35% ... 35% 35% Sinclair ... 20% 20 % 20 %20 Texas.Co.. -10% ... 40% 10% Industrials— Allied Chom 72 % 72** 72 % 72', Am. Can ..105 104% 10-1% 104% Am. Wool . 67 % 60 % 07 67 % Coca-Cola . 67 N 66% 67% 06% Cot-srol . .... 40% 39'2 39*4 39% Cont. Can . 48% 48 IS % 47% llav. Chcm. 48% 47% 48% 48', Kam. Play. 73% 73% 73'3 73% Gen Apl, 37 3** 30 , Inter. Paper 41% 39', 41% 39 Nat. Load ... 133 132% 133 131% Sears-Roe . 83% .. 83% 83% U. S. C. I. P 87 80 86% 80% U S. In A 65 % 65% 65 % 64 % Utilities — Am. T. &T 126*. 125% 126% 125% Con Gas . 65% 64% 65% 05 Coi. Gas... .3, % 3, .>, % 3, Shipping— Am In Or 21 % 21 % 21 % I. M. M. p<l 34% 33% 34 % .13 % Foods— Am. Sugar. 49 . 13% 43% Corn Prod. 36 % 30 30*4 35% C. C. S. pfd. 57% 57 57% 57% Pun A1 ... 52 % ... 52 % 53 % Toharcos— Tob Prd B. 58% 57% 58 58

SLIGHT DECLINE IN SDGAR TRADE Beet Stocks in West Reduced to Vanishing Point, (Domestic Quotations “l>*ss 2%) The refined sugar market has continued steady during the past week without any change in quotations until Friday when Federal reduced their quotation to 7.00 c. as a result of the decline in raws. Tic y were followed by Arbuckle, Warner and other refiners. Withdrawal demand has continued fair and very urgent for prompt shipment. Such new business as Has' coine in has aisc been of a rush order nature, indicating that supplies throughout the country are constantly growing smaller. .Vow that the beet stocks in the West have been reduced almost to the vanishing point, an increase in the demand from that quarter is noted. Government reports the exports of refined sugar in April as 25,341 tons, making 50,434 tons since Jan. 1. A quiet, steady business is constantly going forward. Interest was centered this week in reports of sales to Spain, which is estimated to require some ¥ ,000 tons of foreign sugar to cover home consumption before its next beet crop becomes 1 available. Previously under such conditions Spain has reduced or removed its import duty and is said to be considering similar action now. PRODUCTION FOLLOWING USUAL SEASONAL PATH 1 Fewer Building Pormit.s Issued; Large Contracts Decrease. The drop in the pig-iron output, and falling off in steel production and demand offer sharp contrast to the upward trend in lumber and ftr ment production and increased consumption of common brick, according to Engineering News-Record. Production appears to be following the regular seasonal trends so far as the basic materials are concerned. Cement and brick reserves, however, are heavier than a year ago, while there is less lumber and steel on hand. The whole production situation is settling down to a point where the mill output will be curtailed to meet the immediate needs of the consumer and the buyer will endeavor to keep warehouse stocks as low as possible. There are few building permits being issued and large contract letting has fallen off during the last week. A slight gain, however, is noted in the number of large pub lie jobs now out for bids. Week’s Failures Set Record More failures occurred in the United States this week, the number re port fjd to R. G. Dun & Cos. being 447, an increase of fifty-one over last week's total. A year ago there were 355 defaults. Ail sections of the country had more failures this week than Jast week, the largest increases being thirty-two in the South and fourteen in the East. For the third consecutive week, defaults in Canada were unchatiged as to number, the total being forty. This is fifteen less than the fiftyfive failures of a year agp. Produce Markets INDIANAPOLIS, May 26.— Fresh eggs. 22c: packing; stock butter. 21c: fowls, 4% lbs. up. 23c: fowls under 4% lbs.. 19c: sprinpers, 1924. 2-lb. size. '88c: young; tom turkeys 12 lbs. up, 24c: young lien turkeys. 8 lbs. up. 24c: old tom turkeys. 18c: ducks, 4 lbs. up. 15c; geesa. 10 lbs. up, lie; sauabs 11 lbs. to dozen, $4.60.

HOG SALES IDE 5 GENTS HIGHER Heavies Again Show Marked ■ Preference, llo; Prices Day by Day ; May 250-300 lbs. 200-275 lbs. 150-180 lbs. 1 20. 7.80 7.85 7.90 21. 7.65 7.05 7.05 ' 22. 7.55 7.55 7.55 23. 745 .745 7.45 24. 7.55 7.00 7.50 20. 7.60 7.05 7.00 With good strong buying, hogs at the local livestock yards advanced 5 cents Monday. The best porkers were quoted at $7.65. As was the case seven.l tin*as last week, heavyweights were most in demand and were bringing $7.60 to $7 65. Mixed lots were going at $7.55 and $7.60. The bulk of sales were made at that figure. The market opening predicted an early clearance of the pens. It was just about a fifty-fifty break between local and outside accounts, both taking equal lots. Buying was of the active variety. There was not much change in pig quotations. They were selling at $5 to $7. Sows remained fairly steady at $6.85 to ; $7 for smooths and $6.60 to $6.75 for-roughs. Receipts, 6,000. Jloldi overs. $732. Trading was slow in the cattle diI vision, but opening sales seemed to | predict prices steady with Satur- ! day s. Best killing steers in the j 1.250-pound class were betng quoted jat $11.25. Commons in the same class were going from $9 to $lO. Cows and heifers were bringing $6 to s:*.so. Receipts, 1.000. The calf market remained steady to 50 cents lower for good stuff. Choice veals were quoted at $10.50. Bulk of sales were made at $lO. Receipts. 700. Sheep prices remained steady at $6.50 and $7. Lambs were 25 to 50 cents lower, making a lamb top of $15.50. Trading was slow. Receipts, 200. —Hogs— Choice lights 8 6.7 C At 7 00 Light mixed 7.550 760 Medium mixed 7.55i 7 00 Heavyweights 7.60 <a 7.65 Bulk of gales 7.55 Sc 7.00 Top 7.65 Packing so** 0410 At 7 00 Pigs 5 00% 7.00 —Guttle— Prime eorn fed steers. 1 000 to 1 800 .... $ ill 2& Good to ohoios steers. 1,000 to 1.100 lbs 8.509 00 Good to choice steers. 1.000 to 1.’.00 lbs .x 7.50© 9 00 Good to choice steers, 1 .000 to i .70 Olbs 0.05© 7.60 Common to medium steers 800 to 1.000 lbs 0.00 a 7 00 —t ows and Heifer,— Good to light heifers % 600 © 9 50 Goal heavyweights 7.00© 8.00 | Medium heifers 6.00% 700 j Common heifers 3 00 0 00 j Fair corns . U.OOAi 700 Cutters 1 7.5 i 325 Canners 2.75© 3.75 —Calve*— I Choice ve%i $10.50 j Good veals ......... 8 50ft 10 00 ! Lightweight veals 0 00ft 740 j Common heavies 500 a 7.00 Top 10.50 —Sheep and Lambs— Extra choice lambs $13.00 .? 15 .56 Heavy lambs ....... 9 50© 17.25 Cull lambs o. oo© 10.00 Good to choice ewes 4 .50© 0.50 Culls 300 M 5.00 Spruig lambs . 1.5 004410 50 Other Livestock CHICAGO. May 26.—Cattle—Receipts' 21.000. market very- •* . leer stet ra, ■yearlings and fat she stock. weak, 25c j off: yearlings and fat cows showing most ! decline: few early sales fed steer* weak. I 15e off. bidding. 25'- off in numerous in j stances, early top matured Meera. $11: j some held around fll 7.5; yearlings mirr.erous; vealera w -ak. ‘4sc off si $O4l 9 ~0 mostiv. Sheep-—Reieifits. 13.000 slow; fat iambs weak. 25e off; spring lambs, ■ 25% 50c off sheep weak, very few early sales: early bulk fat eltptesl lambs, s!4<i 14.25: few to outsiders at $14.75; chon* ; springs. sl6 yearling Navajo wethers, sl2: tew Navajo wethers, $9 Hogs—Re j oeipts, 60.000: market, uneven. .5© 10c i off: top. $7.50: bulk. >7.50© 7 45. heavyweights. $7 37.'a 7 50: medium • weights. $7.2.5*! 7 1-5; lightweight. $0.90© 775 light lights. 55.90© 7,1.5: packing sow smooth. $6.7041.0 85; packing' sows ... ~ 0 70; si a ighter pigs, s■> 25 <a <> 40. KANSAS CITY Mo. May 20—Cattls —Receipts. 18.000; calves. 4 000; slowr; \ liberal |>roportion receipts from Te.vm; practically no early sales boef steers; few early sales; better grades beef cows around steady ether she stock slow; ejlvr, dull: weak to slower Stockers and feeders slow, undertone weak. Hogs—Receipts. 13.000. \p <n 15c lower to shippers; desirable 2106; 240-lb. butchers. $7 15*17.25: packers doing nothing; bulk parking sows. $0 60*10 05; fat tugs ; steady to strong, bulk. $5.25'4.0 Sheep —Receipt*. 10.000; .ambs 26 Hi 50c lower; I early toj, native springers. sls 60: better •grades mc-iiy sl4 "m ~15 25 . %st Hippen. $13.75; others. sl3 25; sheep amund 25e lower; shorn Texas wethers. 57 2.5 7.50. EAST BUFFALO. May 20. —Cattle—Receipts. 2.000 market, slow. 15©25c low j er: shipping steers. $8 50*> 10.50. butch, r ‘glades, sß*! 9: heifers, $6 to 8.25: cows, I&. .25*1 7: bulls. $3.25 ©6.25: feeder*. ! 54.50*1 6.25: milk cows and springers. S3O ©l2O Caltee —Receipts, 2.800: market, aethlve. 50c higher: cull to choice. $3.50 ?£t 11.50. Sheep and lambs—Receipts, 7.200; market. active. lambs, steady: sheep. 25**50c lower; choice lambs, sl4 ©14.75: cull to fair, $8.75© 13.50; yearlings. 87® 12: sheep, s3© 0. Hogs—Receipts. 15.200: market., active, steady. 10c lower; yorkt-rs, $7..50© 7.8.5; mixed, $7.90® 8: heavy $7.90; roughs, soi.i. 6.50, stags, $3.5004. CLEVELAND. May 26.—Hogs—Rcoipts, 6.600: market, steady: Yorkers. $7.85: mixed, $7.85: mediums. $8.85; pigs. $7: roughs. $0.20; stags. $4.50. Cattle —Receipt? 900; market, steady: good to choice bolls. $64*7.50: good to choice steers $0 fit 10.50: good to choice heifers. $74*8.50; good to choice rows, $5.50© 6.75; fair to good cows. $44*5.50: common cows. s2® 3.50: milkers. $35 4( 75. Sheep and lambs—-Receipts. 400: market, steady: top, sl4 50. Calves —Receipts. 1.100: market, active; top. sl3. CINCINNATI, May 20.—Cattle Receipts. 1.300; market slow; skipping steers, good to choice. $8,504*10.50. Calves—Market steady; good to chnh. $8,504*10. Hogs—Receipts. 3.700; market steady: good to choice packg-rs and butchers. $7.75. Sheep—Receipts, 1.200; market steady: good to choice, $4 4*6. Lambs—Market steady; good to choice, sl7® 17.50. PITTSBURGH. May 20.—Cattle—Receipts. 45 loads: market, steady; choice, $10,504* 11; good. $9.25© 10.25; fair. $8: vea lcalves. sll® 11,50. Sheep and lambs —Receipts. 10 double deckers: market, steal; ; prime, wethers, $8,25 4*8.75; good. $7 .5045 8: fair mixed. $5.25 <n 0.25: lambs, sl2® 17. Hops—Receipts. 53 double deckers: market, lower; prim* heavy. $7.85 4/7.00. medium. sß® 8.05; heavy Yorkers. $8 ©8.05: light Yorkers. $7.2.5 41 7..50; pigs. $7; roughs. $0418.50: stags. s3©4. Deaths * • Wintford F. Winslow, 59. 404 N. Delaware. uremia. Clara Ozment. 30. city hospital, pulmonary tuberculosis. Stetihcn Hughes, 50, 334 N. Summit, leukemia Jeremiah Michael Callaghan. 56. 725 S. Missouri, cerebral hemorrhage. Ella Milford Waite. 73. 401 N. Illinois. pernirious anemia. Robert E. Dinn, 72. 72 N. Dearborn, acute endocarditis. Elizabeth Meehan. 1 hour. 2049 E. Michigan, premature birth. Edward Martin. 72. 600. Ogden, chronic interstitial nephritis. Jessie Logan Allen. 2 months. TwentyFirst and Senate, lobar pneumonia. Doris Agnes Glasson. 3. 1119 Bacon, scarlet fever. Almira C. Lynn. 73. 640 E. Ohio, chronic myocarditis. Enoo Werner. 80, 620 E. Vermont, arterio sclerosis. Ross Bauer, 65. 633 E. Morris, chronic myocarditis. Florena Neata. 40 633 W Vermont. pulmonary tuberculosis.

TiUHi IJN DiAJN APULIJS TIMILS

PICTURES OF PRINCIPALS IN CHICAGO’S . , UNSOLVED- BOY MURDER-KIDNAPING

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Chicago police are confronted with one of the most puzzling murders in the city's history. Robert Franks (above), 13-year-old son of Jacob Franks, millionaire retired watchmaker, was kidnaped as lie left the fashionable private school lie attended and then slain, detectives believe. in a struggle with his captors. HUGE POSSIBILITIES FOR FOREIGN AUTO TRADE Government Survey Shows l nlimited Field for American t ar. Possibilities of American automobile trade in foreign countries are almost unlimited, a recent survey by the Department of Commerce shows. Less than 2 per cent of the population of many countries have cars. In South America, especially, there js a growing demand for trucks. In European capitals ,1 . • senger cars offer vast sains opi "- tunities. E.vports_to Spam last year ame el to approximately 6.009 pas ■ iger cars uid 1,000 truck*. Cars > t** equipped with right-hand driv< be caiis< of Madrid's drive to left traffic laws. This has situ' been changed and the needless ey •• u-0 of drive shift urtntled. Possihilitie in the Baltic stater, now somewhat limited, will be in creased in a few years as economic conditions improve. I .ess than 1,000 car. arc in those countries a*, the present time. An American manufacturer is contemplating an assembling plant at Santiago. Chile, and material fur th" first 200 cars is in the country. Less than 800 cars were Imported in this State in 1023. Indianapolis Stocks —May 20— Bid Ask. American Central Life ... 200 ... Amur CreoHoting I'O pM. . . 97 V, Advance Rumely Cos com. . 7 9 Advance Kumely Cos pld. . . 70 31 Holt R U corn "5 ... belt R R I'fd 53 Century Bid* Cn pfd Os Cities Service Cos com ... Citii*s Service Cos pfd ... Citizens Gas Cos com ;!l% 30 •Citizens Gas Civ pfd 1)3 . Indiana Hotel com 100 Indiana Hotel pfd 100 lx diana Pipe Line pfd .... 90 93 Indiana Title Guaranty Cos. 90 100 Indpls Abattoir pfd 4ft Indianapolis Gas ..... . ftl 54 Indpls A Northwestern pfd. 33 42 Indpls A- Southeastern pfd. . 45 tlmlpla Street lty 57 63 Indpls Tel Cos com 1 ... twilpls Tel Cos pfd 90 ... Mer’Pub Util Cos pfd 83 ... Nation..! Motor C.ir Cos .. ... Public Srvinrß Ins Cos 12 ... Rauh Fertilizer pfd 4ft 50 Standard Gil of lud 58 ... Sterling Fire Ins 10 „. . T H I & E com . . 8 T H I & E pfd 9 15 T H Tr and Lt Cos pfd... 00 94 Union Trac of Ind coni. . , . 2 Union Trac of Ind Ist pfd>.„ 15 Union Trac of Ind 2d pfd.. . 4 Van Camp Prod Ist pfd... 98 Van Camp Prod 2d pfd... „ 98 Vandalia Coal Cos com ....... 4 Vandalia Coal Cos pfd 6 10 Wabash Ry Cos com 15% Wabash Ry Cos pfd ... Bonds Belt KK&SY 4s. May. 1030 81% ... Broad Ripple ss, July, 1923 57 ... Cent Ind Gas ss. Sept., 1931 .. ... Cent lud P Cos 6s. July. 47 .. ... Citizens Gas ss. July. 1942 88% 90 Citizens Gas 7s. serial ...101 103 Citizens St Ry ss. May. .33 83 87 Ind Coke & G os. April. ’4O 90% 9-1 Ind Hotel ss. July. 1931...95 .... Ind Hotel Cos 2d os. draw.. 100 .... Ind North ss. Oct., 1923. ... .... Ind Ry and L fts. Jan.. ’43 90 Ind Serv Corp ss. Jan.. 1950 .. . _ Ind Union Trac ss. July, ’23 . . ... Indpls Ab Cos 7%5, Sep. ’31.100 1011% Indpls Col & S 6s, Feb., ’4B 96 100 Indpls Gas 6s, Oct.. 1952.. 88 90 Indpls L & H ss. April, ’4O 96 100 Indpls tic Mart ss. Jan., ’32 60 55 Indpls Nor 6s. July. 1933. . 40 44 Indpls & Nor 6s. Mar.. 1923 40 44 Indpls & S E 6s. .Tan., 1925 25 Indpls 8 & S E ss, Jan.. 32 30 . . Indpls St R.v 4s, .lan. 1923 0.3 68 Indpls T A T ss. Jan., 1923 88 90 Indpls Up R.v ss. Jan., ’65 94 ... Indpls Un Ry 4%5, May, ’2B 95 ... Indpls Wa 5%. March. ’53 06% 08% Indpl- Water 4%s 90 ... Ind Pub Ser 6s, April. 1043 87% 41% THIS: E os. Aiuf.. ’45. . 57 92 T H T an dLt ss, May, 48 83 Uu Trac of Ind os, July, ’33 54 57 Bank Stocks Adtua Trust and Savings C 0.103 Bankers Trust Cos 112 1.. City Trust Cos 100 Continental Nat. Bank ....105 110 Farmers Trust Cos 200 ... Fidelity Trust Cos 152 ... Fleteher Am. Nat. 8ank...1.38% 142 Fletcher Sav. and Tr. C0..200 Indiana Nat. Bank 357 265 Indiana Trust Cos 212% 230 Live Stock Ex, Bank ...... 190 ... Mar. Cos. State 8ank....... 150 Merchants Nat. Bank ....300 Peoples State Bank ...... 200 Becu<j.ty Trust Cos 170’a State Sav and Tr. Cos 100 119 Union Trust Cos .318 .360 Wash. Sav. and Tr. Cos. . . .150 . . Liberty Bonds— Liberty first 3%s 00.80 100.00 Liberty first 4%s 100.50 100.70 Liberty second 4%s .... 100.32 100.50 Liberty third 4%s ...... 100.86 tOl.Oo U. S. Treasury 4%s 102.15 102.00 —-Sales—--3 Union Traction 0a at 54.

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c£Le. Pence, principal, and Walter B. Wilson, an iastractor in the Harvard school, of which Robert was a pupil, were questioned. Chief of Police Morgan Collins declared they were called in only~for any information that might shed light as to the lad's .friends and movements on the day of his disappearance arid death.

D.C. STEPHENSON DENIES RELIGION IS INDIANA ISSUE ‘Grand Old Man’ Says His Faction Divorced From SoJlhorn Klan, “The Indiana Klan is not ntiC.ttholic nor anti-Jew, and is absolutely opposed to the program of hate and crime as promulgated by the National body in the South.” This was the statement today of David C. Stephenson, grand dragon, "grand old man” of the Indiana Ku Klux Klan. "The Indiana Klan. as led by me. is absolutely divorced from the na tional Klan, as headed by Dr. IT. W. Kvans and William Stephenson said. “Our two objectives are militant patriotism and Operative religion. I ant unalterably opposed, however, to any religious body setting Itself up as a political organization for instance, such as the Bap tlst Church in Texas. Democratic Slate "No man holds office in Texas tin less backed by The Baptist Church." While Stephenson, who controlled the Republican State convention, will ; take any active part on the floor ,f tlic Democratic convention; his faction will have a complete slate, whi'-h Charles J. Orblson proh.'iblv will handle. "I don’t want to see the Klan made an issue in the election,” Nte! henson “aid. Itosaert on Tour rite only interest the Indiana Klan has is to see stanch citizens and upright men nominated to office on hot!, varties mid the fight it out sol!' :. Hta.te issues.’* t . , • a teolared ho was not -. t>. - ide staged here Sa 7 i • . under auspicts of the ■ ne- R.csert faction of the .in. Friet dv cf .S< oator .lame.' J'7. Watiion ret "nt Rossert's aotivit'cs in the Senator's behalf, according to statements today. Bossert Is now on a tour of mid Western States in behalf of Watson's candidacy for Vice President, according to Milton Klrod, a Klan leaner. JAP ACT IS SIGNED (Contiiiuetl I'ront Page 1) a 2 per cent basis fixed on the foreign population in this country according to 1890 census. After July 1, 1927, Immigration will ho limited to 150,000, each country getting a quota in this figure, according to tho national origins of the foreign population In tho United States as shown by the 1920 census. To prevent congestion at American ports, consular offices abroad may not issue vizas to more than 10 per cent of a country's quota in any month. Alien Seamen Barred Alien seamen on vessels touching at AmericaTi ports may not land except for medical treatment. Wives and children of American citizens and citizens of Canada and all western hemisphere republics are exempted from the quota provision. Japan, Uirough Ambassador Hanihara, first protested last winter against the measure. This letter of Hanihara’s never was made public, i Later Hughes sent a letter to Cong.vss containing strong objections to the Japanese exclusion provision, but Hugh's’ protest was ignored by Congress. “Grave Consequences” Threatened When the bill came up for action in Congress, the Japanese ambassador sent his famous note warning that enactment of the proposed law would result in “gravo consequences” to the relations between the United States and Japan. Hughes was shocked by this statement in Hanihara’s note, but upon analyzing he concluded it contained no threat to the United States. He sent the note to Congress because he believed it highly valuable in that Hanihara set forth the terms of the secret gentlemen’s agreement. The note, ' however, caused a* sensation and resulted in the passage of the bill by the Senate, the measure already having been adopted in the House. When the bill went to conference

President < 'oolidge exerted pressure in private negotiations with congressional lea (JTS to l ave the exclusion clause in ,di' ed. proposing that the effective dale for exclusion be postponed until March 1, 1926, and that a provision be inserted to the effect t hat Jhe exclusion cla use would not apply to nationals of those coun tries with which the United States negotiated treaties covering inuni gration. Wanted Time for Treaty The plan was to provide enough time for Hughes to negotiate anew treaty with Japan carrying the principle of exclusion and based on the gentlemen's agreement. The conferees, upon the insistence of the President, agreed on a jsistponement to March 1. 1925. and reported this to Congress. This was beaten in the House, and the confer- ! epee report was again revised to make exclusion effective July I. ARREST IS NEAR IN PRANKS CASE (Continued From Page 1) (have been bathed because there was no posslbje evidence to indicate the motive for the crime. PoHo< were concentrating in th* hunt for the “George Johnson’* who signed the ransom letter received by | Jacob Franks, millionaire father of i victim, and ihe man who Sunday • sent a wreath of flowers to the Franks home. Tho wreath, hearing a card of sympathy from “George Johnson," i was delivered by a florist on the order of a man giving that name. The florist said he had seen the man frequently. If the man is the slayer, he probably is insane, police said. Police today re-examined Mott

TUESDAY MAY 27th 2 P. M.

DRIVERS’ DAY Indianapolis Motor Speedway NOW —conies YOUIi chance —the opportunity for EVERY good Indianapolis citizen—to support \the Indianapolis Motor Speedway. Tuesday, May 27th, is DRIVERS’ DAY. Beginning at 2 p. m., e\ T ery driver in Friday’s greatest International Sweepstakes Race will he on the track and personally introduced by Mr. Seth Klein. Admission to grounds and stands only 50c. Every cent goes to the drivers in the,Lap Prize Fund. You’ll get your money’s wortlrand help show that Indianapolis is proud of the World’s Greatest Race. If you are one of the “live ones”—• BE THERE! • ' LAP PRIZE FUND COMMITTEE INDIANAPOLIS CHAMBER OF COMMERCE AUSTIN J. EDWARDS, Chairman. If You Want to Contribute one or More of the SSO Lap Prises, Call Lincoln 1551.

Jacob Franks, father, had started from homo with SIO,OOO ransom demanded in a telephone conversation before news reached him his son was dead. En route he forgot the address. He drove home again to get it, only to receive word the body had been found.

Kirk Mitchel. 52, and Walter Wilson, | 28. instructors in Harvard private I school, which Robert attended. | Detective Charles Egan said it had ■ been determined a boy pupil of the i .school had been attacked, i Egan also said Wilson told of being approached by another in structor with an unmoral suggestion. Mitchel and Wilson have been "held for questioning” since last Thursday. Mitchell is instructor of English. His record here and in iAibanon, Ohio, where he taught school for several years, is being investigated. Funeral of the victim was held Sunday. Police believe there is some connection between the Franks tragedy and the disappearance the same afternoon of Gertrude Barker, 17. of a wealthy family of Yakima. Wash. Gertrude disappeared Wednesday ftemoon at about the time Franks •vas kidnaped, and in the same neighborhood. Police believe there may be something to the theory that the girl happened along as Franks was picked | up, and that she was also dragged | into the kidnaping machine to pre- | vent her from exposing the kidnap- | era. This makes the third kidnaping in | one week, the third victim being Nelj lie Taylor, IS. of London. She was | abducted by three nv*n in an autoj mobile from In front of the home of friends here. fight Companies Earn Millions Net earnings of the eighty-four j principal elect ric light power and light companies in the United ! States, $0 per cent of whose income s derived from the sale of electricity, i amounted to 240,696,000 in 1923, according to statistics compiled for Electrical World by Alf od L. Loomis, vice president, Bonl right & Uo. The average depth of the ocean below sea level Is 12,600 feet. The superficial area of the earth is 196,940.000 square miles.

K. OF C. SPEAKER, SEES MENACE IN SEEDS OF DATE Secret Organization Repudiating Liberty anct Tolerance Flayed, ’’The banding together of large numbers of our people as a secret organization and turning their backs toward the salutary principle of religious liberty and tolerance, seemingly ready and willing to repudiate the Declaration of Independence and nullify the Constitution is sewing the seed of discord and hate among the citizenship,” declared Albert J. Venernan of Evansville, Ind., State deputy of the Knights of Columbus of Indiana today at twenty-third annual State council meeting, N. Delaware and Thirteenth Sts. Some Hold Office “The distressing part of it ia that among those who embrace this un- ! American idea we find men and women qf professed learning and | culture, men aspiring to, or holding, i high public office, and who. if holding office must first have made oath to support ihe Constitution of the United States? and of tha State in and under whose jurisdiction they serve. These conditions are a menace to American institutions.” Suffrage Best Weapon The right of suffrage is the best weapon of defense, Venernan said. He urged that no candidate be supported who does not unequivocably subscribe to and support the Constitution, both in its letter and its spirit. He said that such conditions in the country could not exist if the citizenship generally gave more thought and study to the basic principles of the American government. Meeting will close tonight with election of officers for the ensuing i year. Marriage Licenses William Coverdill. 00. 341 N. Addison, manager Fred Goepper & Son; Martha J. Spicer. 04. 1122 Ar-iolda. Thurman L. Smith, 28, 515% Ogden, laborer: Callie Bowers. 34, 2401 Hover Frank Matthews 81. 2833 E Vermont., street foreman, Mary Mullen, 44. 2129 E. Twelfth. Paul H Grider. 19. 829% Paca. delivery: Gladys Eatherly. 16, 2033 Highland PI !ra R. McFarland. 25. R. R. F., Box 7 M. oar builder: Carrie Haves, 24, 1521 RingXoid power mill operator. Aira Castor 37, Noblesville. factory worker. T.v.’y Cook. 22' R U R-l. George Wolford. 48, 1038 Hadley laborer; Lillian Collins. 59. 1938 Hadley seamstress. Lee Michels. 26. New Castle. auto trimmirg: Gertrude Rawley, 20, 718 Virginia. casket lining. George W Carpenter, 29. 126 W. Ohio, machinist: F. Powers 22. 1627 Fletcher. V Tester E. Martin. 29, 333 >\ Hamilton, I cashier Yonnegut Machinery Company; I Anns M. Reiss. 20. 3335 Central compi tometer operator. . , , Edward J. Roth. 22. 26 lowa, brick- ) layer; Texas A Bradburn, 22, 844 N. Cap--1 itol. Denison cafeteria. | Benjamin H Mason, 32, 2019 Houston. machinist; Esther M_ Neitzel, 22, 1425 I Ewing. William H. Phillips. 21. 20 S. MeKim. 1 sheet metal worker: Margaret A. Keene. 1 19. 230 N Summitt. stenographer. Jessie Mikeaell, 20. 510 S Belle Yieu; I Yada Broun. 19. 423 S. Harris Lesli- Wilson, 23. 528 Fulton porter; I Rosa R Haskins. 19. 954 Pershing.

Remember W the Date and Time — 0

Indianapolis Calls YOU!

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