Indianapolis Times, Volume 36, Number 32, Indianapolis, Marion County, 16 June 1924 — Page 11

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CIFIDENI TONE • IN GENERAL LIST MARKS OPENING Rails Especially Strong— American Can in New High, Average Stock Prices Average price of twenty industrial stocks Saturday was 92.85 up .17. Average price of twenty rails was 85.21 up .08. Average price of forty bonds was 90.17 up .19. By United Press NEW YORK, June 16. —Stocks started the new week in a confident mood, the rail group especially maintaining strength which carried it to new highs for the year last week. Oils showed a better tone, steps toward controlling the production in Oklahoma isolated instances of crude oil and gasoline reduction. Among the industrials, American Can displayed the best action, reaching new high ground on the movement. Opening prices: American Smelting. 62%. off %: Studebaker. 32%. up % : American Sugar. 42 %, up % : U. S Steel, 97: Anaconda. 29 7* ; A. T. & T.. 124%; Erie, 28 H, off % : American Can. 109 %. up % : Southern Pacific, 91 %, up % : Westinghouse. 59%. up %: New York Central. 104%: General Eleceric. 229 %. up 1; Consolidated Gas. 68%; N. & W., 123%: C. & O. 79%. up %. Develops Renewed Strength Profit-taking and professional attempts to find the top of the rally were absorbed in easy style in the late morning. Most authorities had looked for a reaction after the advance last week, but the impresssive way the market resisted efforts to bring it about demonstrated that no impairment of technical position had resulted from recent recovery. This inherent soundness encouraged fresh operations'on the constructive side toward noon and the whole market developed renewed strength. Can and peneral Electric led the industrials, in the specialties the reduction was the outstanding feature, selling at 7912, against last week's low. Local Bank Clearings Indianapolis bank clearin'? Monday were $3,185,000 compared with 53.863,000 last year. Bank debits amounted to $6,391,000 compared with $7,049,000 last year. NEW 535.0Q0.000 ISSUE OF LAND BANK BONDS

To Yield 4 5-8 Per Cent Interest— Redeemable 1934. By Times Special NEW YORK, June 16.—Public offering is being made today of anew jue cf $35,000,000 ten-thirty-year Land Bank 4% per cent Wnds at a price of 101 and interest to yield about 4% per cent to the redeemable date 1934 and 4 : % per cent thereafter to redemption or maturity. The bonds are being offered to the public by a country-wide group, composed of the twelve Federal land banks, investment houses, institutions and upwards of one thousand dealers. The banking group is headed by Alex. Brown & Sons of Baltimore, Harris, Forbes & Cos Brothers & Cos., Lee Higginson & Cos., the National City Company and the Guaranty Company of New l'6rk. The bonds are exempt from Federal, State, municipal and local taxation, are dated July 1, 1924, and are due July 1, 1954. Indianapolis Stocks June 16— Bid. Ask. American Central Life 20 ... Amer Creosoting Cos pfd... 97 H ... Advance Rumely Cos com.. 6 Advance Rumeiy Cos pfd... "9 Belt R R Com 75 Belt R R pfd 53 Century Bldg Cos pfd 98 ... Cities Service Cos pfd •• • • • Citizens Gas Cos com -8 H 30 •Citizens Ga Cos pfd 10C - ... Indiana Hotel com 100 ... Indiana Hotel pfd 100 ... Indiana Pipe Line ..~. ••• Indian aTitle Guaranty Cos. 99 100 Indpls Abattoir pfd • • 50 Indianapolis Gas ol Va o 4 Indpls & Northwestern pfd. 34 42 Indpls A- Southeastern pfd. . . . 4o •1* and nis Street Ry 56 60 Tel Cos com 1 ... W; Bell Cos pfd 90 Mer Pub Util Cos pfd 82 ... National Motor Car Cos ... Public Savings Ins Cos 12 ... Rauh Fertilizer pfd •• 47 Standard Oil 5714 58% Sterling Fire Ins 10 T H I & E com 3 10 T H I & E pfd 8 18 T H Tr and Lt Cos pfd 90 94 Union Trac of Ind com Union Trac of Ind Ist pfd. 6 20 Union Trac of Ind 2d pfd.. .. 5 Van Camp Prod Ist pfd ... .. 100 Van Camp Prod 2d pfd... .. 98 Vandalia Coal Cos com ...... 4 Vandalia Coal Cos pfd .... 6 Wabash R Cos com 14*4 1614 Wabash Ry Cos pfd 44 46 ' Bonds Belt RR&SY 4s. May. 1930. 82 Broad Ripple os. July. 1923 62 67 Cent Ind Gas os Sept 1931 . . ... Cit Gas os. July. 1942 88% 90 Cit Gas 7s. serial 101 ... Cit St Ry ss. May. 33. .. 84 88 Ind Coke & G 6s April. 46. 90 44 94 Ind Hotel os. July. 1931... 95 .... Ind Hotel Cos . 2d 6s. draw. .100 Ind North os. Oct.. 1923 ... Ind Ry and L ss. Jan.. 43 . 90 .... Ind Serv Corp ss. Jan.. 1950 .. ... Ind Union Tr ss. July. ’23. . . . _ . . Indpls Ab Cos 7'is. Sep.. 32.100*4 104 Indpls Col A- S6s Feb . 48. 96 . 100 Indpls Gas 6s. Oct.. 1952 .. 88*4 90 Indpls LA H os. April, 40 96 H ... Indpls A Mart os. Jan.. 32. 47 52 Indpls Nor 6s July. 1932. . 44 * t 49 Indpls A S E os. Jan. 1925. 25 ... Indpls S A E ss. Jan.. 32. 30 Indpls St Ry 4s. Jan.. 1923 63 Vi 64*4 Indpls T A T os. Jan.. '65. 88*4 89 Vi Indpls Union Ry 5s 96- ... . Indpls Un Ry. 4He May. '26 98 Indpls Wa ofi s. March. '53 97 100 Indpls Water 4Hs 90 93 Ind Pub Ser 6s. April. 1943. 89 92 T H I A E ss. Aug . '45,. . . 59 64 TH T and Lt ss. May. '44 82 Un Trac of Ind 6s, July. '32 54 58 Rank Stocks Aetna Trust and Savings Cos 103 Bankers Trust Cos 110 ... City Trust Cos 100 Continental Nat Bank ....105 110 Farmers Trust Cos 205 /Taelity Trust Cos 152 Am Nat Bank 137 H 144 mPtcher Sav and Tr Cos. .. .200 Indiana Nat Bank 257 ... Indiana Trust Cos 2X2 H 225 Live Stock Ex Bank 270 190 Mar Cos State Bank ........150 ... - Merchants Nat Bank ..... .300 Peoples State Bank 200 ... Security Trust Cos 170 H State Sav and Tr Co- 190 118 .Union Trust Cos 335 360 Wash Bank and Tr Cos 150 Liberty Bonds Liberty first 3Hs 10120 10150 Liberty first 4** s 102.00 102 40 Liberty 2d 4Hs .101.10 101.40 Liberty third 4%s 102.10 102.40 Liberty fourth 4% 8 102 10V 102.40 U. S. Treasury 4%s 104.80 10.10

New York Stocks (By Thomson & McKinnon) —June 16— Railroads— Prev. High. Low. 1:30. close. Atchison ..103% 103 s * 103% 103% B & O ... 57 ... 56 % 57 / C & ® ... 80 % 794* 80 % 79 % C&NWRy 57 ) 56% 56% 56% C R I & P 31% 30 ~ 31 % 31 % Erie 28% 25% 28% 28% Gt Nor pfd. 60 % 60% 60% 61 Lehigh Val. 44 % 44 44% 44% Mo Pac pfd 48% 47% 48% 44% N Y Cent .104% 104 * 104% 104% Nor Pac... 56% 56 56 s * 57 Nor & W. . 12.3 % 122% 123% 123% Pere Marq 50 % 50% 50% ... Pennsy .. 44 % 44 % 44 % 44 % Reading ... 50% ... 56% 66% So Railway 59 % ... 69 % 59 % South Pac. 91% 91% 91% 91% St Paul pfd 23% 23 23% 23 St L & SW 40% 40% 40% 40% Union Pac. 134% 134 134% 134% Wabash pfd 45% 44% 44% 4 a Rubbers—- | Kelly-Spring 14% J. 4% 14% 14% U S Rubber 26% 26% 26% 26% Equipments^ Am Loco. . 73% 73% 73S 73% Bald L0c0.111% 110% 111% 111 Gen Elec .. 234 % 229% 234 228% Westh E;pc. 60 59% 59% 59% Steels— Bethlehem.. 46% 45% 46% 46% Colorado F . 43% 41% 43 41 % Crucible .. 51% 51% 51% 51% J Gulf States 67 % 66 % 67 % ~. . PRC & I. 48% 47% 48% ' 48% Rep I & S.. 44% 44% 44 % 44% U 3 Steel. 97% 98% 97% 97% Motors— Chandler M. 48% 47% 48% 48 Gen Motors 13% 12% 13 13 Max M (A) 45% ... 44% 45% Studebaker. 33% 32% 83% 32% Stewart-W.. 65% 62% 64 64% Timken ... 84% 34 % 34 % 34% Yellow Mfg 47 ... 47 ... Mlningf— \ Int Nickel. 13% ... 13%' 14 Tex G and S 64% 63 64% 63 Coppers— Am Smelt. 62% 62% 62% 62% Anaconda . . 30 29 % 30 29 % Kennecott.. 38% 37% 38 37% Oils— I Cal Petrol 22% 22% 22% 21% , Cosden .... 27% 26% 27% 26 I Houston Oil 67 64 % 66 % 64 % 1 Marland Oil 31% 29% 31% 30 Pan-A Pete 52 30% 52 50% | Pan-A Pt B 50% 49% 50% 49% | Pacific Oil.. 49 47 49 47 ! Pro and Ref 25% 25% 25% ... Pure 0i1... 21% 21% 21% 21% | S Oil of Cal 57 s * 56 % 57% 56 % I S Oil of NJ 35 34% 35 34% •Sinclair.... 19% 18% 19% 18% Texas Cos.. 39% 38% 39% 38% , Trans Oil.. 4% 3% 4% 4 Industrials—- : AI Chemical 73% 73 73% 73% jAm Can .110% 108% 110% 109% i Am Wool . 70 % 69 % 70 69 % Coca-Cola . 70% 69% 70% 69 ; Congoleum . 40 % . . 40 39 % Coil Can .. 49% - 4P% 49% 49% : Dav Chem . 51% 50% 51% 50 j Fam Play.. 76% ... 76% 79 Gen Asph . 38 % 38 38 % 37 % lln Paper . . 46% ... 46% 46% I M and W .24% ... 24% 24% ! Sears-Rn . . 88 % * . . . 88 87 % iUSCIP. M 93% 96 94% ! U S In At.. 138 68 68 Utilities—|AmT &T. 124% ... 3 74% 124% |Con Gas... 69 6~% 69 68 | Col. Gas... 37'% 3,% 37% 37% Shipping— Am Int Cor 21% 21% 21% 21 In M M pfd.. 33% 33 33% 32% F owls— Am Sugar.. 43 42% 43 42 % Corn Prod.. 35% 35% 35% 35% CCS; pfd.. 58 % 57 % 58 % .57 % U-A Sugar.. 30% 29% 80 % 30 Punta Ale.. 50% 49% 50% 50 Tobaccos— Tob P (Bi 60% 60% 60% 60%

GRAIN GENERALLY HIGHERAT CLOSE Wheat Meets Heavy Profit Sales at Top. By United Press CHICAGO. June 16.—The finish on the Board of Trade was generally higher. For a while during the heat of trading wheat and corn rested at I new high prices on the crop. Wheat met heavy profit sales at | the top- Sellers were induced to re- | duce their lines and take profits by favorable crop news from the North* i west. Corn also underwent profit taking. ' but prices, except for the current j delivery, held well. Oats lagged all day, and when realizing, set in sold off fractionally. Fairly good buying, believed for foreign accounts, and some domestic inquiry brough a sharply higher close in provisions. Chicago Grain Table —June 16— WHEAT— Prev. Op°n. High. Low. Close. close July 1.1.314 1.15*4 1.13% 1 14-54 1 13*4 Sept 1.15 1.16V* 1 14\ 115*, 1 14*4 Dec. 1.17 % 1.19 1.17 1.18% 1 16% CORN— Juiv .81% -S3 81H .82 H .81 ff Sept .81 82 V 4 80% 81% 80% Dec. .75 .76 .74*4 .7.1% .74% OATS — July .47% 47'4. 46*4 .46% .46% S"pt .42% .42% .42 .42 .42% re c. 44 A4% .43% .44% .44 LARD— July .10.60 10.77 10 62 10.70 10.47 RIBS— July 9.90 997 9 90 997 9 85 RYE— July .76 .77 VJ .76 .76% .75% Sept .76*4 .78% .76 % .77% .76% CHICAGO. June 16.—Carlot receipts were: Wheat 82: corn. 162; oats, 119. Produce Markets Fresh eggs, loss off. 23c: packing stock butter. 22c: jowls. 4% lbs. up. 22c; fowls, under 4>4 18c: cocks. 11c; springs. 1924. 2-Ib. size, 35c: young tom turkeys. 12 lbs 24c: young hen turkeys. 8 lbs. up. 23c; old tome turkej-3. 18c: ducks 4 Pup. 15c: geese. 10 lbs. up. 11c; squabs, 11 lbs. to dozen, $4.50. CHICAGO. June 16.—Butter—Receipts. 22.740: creamery extra. 40c: standards. 39**0; firsts 37 @ 38c: seconds. 34® 3.%% o Eggs—Receipts. 43.144: ordinary firsts. 24@24%c; firsts. 25@25%c. Cheese— Twins, 18c; Young Americas. 19c Pou’try— Receipts. 6 cars; fowls, 21@24c: ducks. 21c: springs. 28c; geese. 12c: springs. 23c: turkeys. 20c: roosters, 14c: broilers. 32® 40c. Potatoes—Receipts. 215 cars; Alabama and Louisiana Triumphs. $2<32.45: North and South Carolina Cobblers. $3.75 @4: Wisconsin and Michigan round whites, $1.20<31.45. NEW YORK? June 16—Flour—Quiet and firmer. Pork—Quiet; mess, $26<327. Lard—Firm: Midwest spot. $10.90® 11 05. Sugar—Ra,v steady; centrifugal 96 test. 5.02 c: refined firm: granulated! 6.30 <3 6.65. Coffee—Rio spot. 14 %@l4 Hc: Santos No. 4. 18%@19%c. Tallow— Quiet: special to extra 6%<36 %c. Hay —Easy: No. 1. $1.60; No. 3. 51.35@145. Dressed poultry—Quiet: turkeys. 20 <24oc: chickens 2S@46e: fowls, 17i331c; ducks. 23c: ducks. Long Island. 22c: capons. 35 @ssc. Live poultry—Steady; geese, 10<3 14c; ducks. 13@25c: fowls. 13@25c: turkeys, 25 ® 30c; roosters. 16c: hrnilers. 25® 45c: capons. 35® 45c. Cheese—Firm; State whole milk, common to specials. 17 @25 He: State skims, choice to specials. 11 <316 He: lower grades. 4@loc. Butter—firmer: receipts. 8.038; creamery extras. 42He: special market, 43@43He; Danish, 41H<842H<N Argentine, 37® 38 He. Eggs—Quiet: receipts. 16.771; nearby white, fancy. 36® 38c; nearby State whites. 28® 35c: fresh firsts. 27 % @ 33c: Pacific coasts. 30@38c: western whites, 28® 3oc: nearby browns, 34® 35c. Held on Check Charge Ray C. Starner, 28. 518 E. McCarty St., was arrested Sunday and charged with issuing fraudulent checks. Police say-, he passed a check for SIOO on 0~. E. Treace & Cos., 510 building, in payment for a garage bill.

NICKEL INCREASE IN PORK PRICES Top of $7,50 —Large Truck Receipts. Hog Prices Day by Day June 250-300 lbs. 200-275 lbs. 150-180 lbs. 10. 7.50 7.45 7.40 11. 7.25 7.20 7.15 12. 7.25 7.20 7.15 13. 7.30 7.25 7.25 14v 7.40 ‘ 7.35 7.00 16. 7.45 7.40 7.35 - Hog prices at the local livestock exchange advanced 5 cents Monday, under fairly light receipts of 7,000 and brisk demand. Over half of the receipts were trucked in. At daylight there was a long line of trucks waiting to get in the yards. The nickel increase was general. A top of $7.50 was established, but only a few loads sold at that figure. The general run of good heavyweights moved at $7.40 to $7.45. Medium mixed porkers were quoted at $7.35 &7.40. The bulk of sales was made at $7.30 to $7.35. Pigs were up a quarter and were bringing $5 to $7. Sows were steady at $6.50 to $6.65 for smooth packers and $6.40 to $6.50 for roughs. Receipts were about equally divided between local killer? and outside accounts. Choice lightweights were quoted at $7.30. tight mixed lots were selling at There were 269 holdovers from Saturday. Cattle trading started briskly with buyers making an effort to buy lower and more in accord with other markets. In spite of this sales were made approximately at Saturday’s prices. Only a few choice steers were moving at $10.50. The majority of sales were made around the 510.25 mark. Good cows were held at $7.25, while good heifers were selling at $9.25. Butcher stuff was generally off a quarter. Receipts, 800. Afore good calves were selling Monday at JR than on Saturday. As on that day. a few extra choice were quoted at $11.50. The bulk of sales was made at ?10'S‘ 10.50. Buying was active, with a good outside as well as local demand. Receipts, 500. Eamb prices took a tumble of a half to a top of sls. Sheep held nominally steady under fairly good demand. They were moving at $3.50 to $4.50 Receipts. 300. Hog* Choice lights 5 7 30 Light mixed . 7 00® 730 Medium mixed 7 7 40 Heavyweights 7 40® 7.45 Bulk of sales 7.30 @ 7.35 Top 7 50 Pigs 5 00® 7 00 Sows , 6.40® 6 65 —Cattle— Prime corn-fed steers, 1.000 to 1 800 $ 9.25 <BIO 25 Good to choice steers. 1 000 to 1.500 lbs 8 00® 9 00 Good to choice steers, 1.000 to 1.200 lbs 7.50® 8 00 Good to choice steers. 1 000 to 1.700 lbs 600 ® 700 Common to medium steers, 800 to 1.000 lbs 6 00® 6.75 —Cows and Heifers— Good light heifers $ 8 00® 9 25 Good heayueights 7 00® 8 00 Medium heifers 6 00® 6 85 Common heifers 3 00® 6 00 Fair cows '. 6.00® 7.50 Cutt'-rs 2.75,® 325 Canners .•••• -.75® 3.75 —Calves— Choice reals $llOO Good veals 9 HO Lightweight veals 7 50 Common heavies 6.00® 700 Bulk of sales 10.00® 10.50 —Sheep and Lambs—Extra choice lambs sl3 50® 15 00 Heavy lambs 9 50® 1 2 00 Cull lamto I. . 6 00® 900 Good to cho‘ce ewes 3.50® 4 50 Other Live Stock CHICAGO, June 16.—Cattle—Receipts. 26.000: market very skin : largely slt-er run: yearlings also numerous; short fed light steers also liberal supply, mostly 15® 25c off . most grades she stock show decline: bulk fed steers, sß® 10: early, numerous loads held around $10.50® 11; vealers fully 50c off; mostly sß®9 few $9 50® 10. Sheep—Receipts. 21.000; market very slow; few early sales fat lambs 50c off: sheep scarce, steady; good native lambs top $15.50; few to city butchers. $15.85® 16: fed good to choice handyweight ewes. $5.50® 6. Hogs—Ke ccipts. 54.000: market, steady, few sales weak. 5c off: top. $7.35: bulk. $6.90® 7.25: heavyweights $7.10® 7.35; medium weights. $7.05® 7.30: lightweights. $6 75 ® 7.25: light lights. $5 75® 77)5: packing sows, smooth. $0.50® 6.70: packing sows, roughs, $6 25® 6 50; slaughter pigs. $5.25 ® 6.15. EAST ST. LOUIS. June 16.--Catt!e—Re-ceipts, 3.000 market, slow: yearlings and heifers. $8.90: cows. $4.50® 6: canners and cutters, $2 25®3®0: naivete $9. Hogs —Receipts. 12.000: market. mostly 10c hi?h"r: heavies. 57.20 ® 7.40: mediums. $7 20® 7 40; light, $6.50® 7.30: light lights. $6.65® 7.10; packing sows. $5.90® •••!•> Pigs $5.75® 6.75; bulk. s7® 7.35. Sheep—Receipts, 4 500: market, steady to •>oc lower: ewes. s4® 6; canners and cutters, $1®3.50; wool lambs, sl4 50® 15.50. PITTSBURGH. June 16—Cattle—Receipts; 16 loads: market, lower: choice, $1015®1035; good, $9.25® 10 • fair $7.5068.50; veal calves, sloso® n Sheep and lambs—Receipts. 7 <Jd: market. lower: prime wethers. 7 50® 8; good, So ® 7.25, fair mixed. ss® 6: lambs. 9® 16.50 Hogs—Receipts. 45 dd: market, higher: prime heavy, $7.50 @7.75: medium, 7.50® 7.75; heavy yorkers. $7.50 ® 7.75; light yorkers. $6,70® 7; pigs, $6 50® 6.75. roughs, $5.50® 6.25; stags, s3® 4. CLEVELAND. June 16—Hogs Receipts. tfOOO: market 10c lower: Yorkers. $7.40; mixed, $7.40: medium, 57.40: pigs. $6.50; roughs. $6; stags, $4 50. Cattle—Receipts, l 1O0; market 25c lower; good to choice bulls. s6®7; good to choice steers. s9® 10; good to choice heifers. $7 ®8.50; good to choice cows, $5 @6.50; fair to good cows, $3.50 ®>s: common cows $2 @3.50; milkers, s3s® 75. Sheep and lambs—Receipts. 1,500: marktt steady; top. sl6. Calves—Receipts. 900, market steady; top. sll. EAST BUFFALO. June 16 —Cattle — Receipts. 3.000: market, slaw- to 25® 50c lower; butcher grades. $8 >o® 10.25: heifers, #7.50®9; cows. $> @8; bulls. 2.2507: feeders. s4®6; milk cows and springers. s3o® 120 Calves —Receipts, 2,800; market, slow to 50c lower: cull to choice. s3® 11. Sheep and lambs —Receipts, 4.000; market, fairly active and steady: choice lambs .s'6® 16.50: cull to fair, s9® 15 50; yearlings, s7® 13.50: sheep. $3®8,50. Hogs—Receipts. 16,000. market, active: Yorkers. $6.75® 7.65: pigs. 56.75; mixed, $7.60®7.35: heavy. $7.60. roughs. $6 @6 25; stags. $3.50® 4.50.

WEEK’S FAILURES LARGE; OVER 400 REPORTED Greatest Number of Insolvencies in Three Months. There were 420 business failures in the United States last week, as reported by R. G. Dun & Cos., the number being somewhat larger than for any week in more than three months, with the single exception of one week in the middle of May, when 447 insolvencies were reported. During the .corresponding week of last year there were 322 eommerciel defaults. All sections of the country show increases last week, the number in the East being 146, in the South 108, West 109 and Pacific Coast States 57. Fewer failures w r ere reported for Canada last week than two weeks ago or the corresponding week last year, there being 28 against 57 two weeks ago and 59 for the corresponding week last year.

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OHIO EDUCATOR AGGRESSES 155 • BGTLERSENIORS Commencement Exercises Held on Campus—Aley ! / Confers Degrees. “We must educate, or perish from material progress,” said a former faculty member, Dr. Elmer B. Bryan, president University of Ohio, speaking under a clouded sky before hundreds of graduates, alumni, parents and friends at the sixty-ninth annual commencement on Butler campus at 10 a. m. today. His subject watt “A Defensible Education.” The long procession of seniors and faculty, in academic costume, marched from the college building across the campus to the platform. Ihvication was offered by the Rev. Thomas William Grafton. The Montani quartette furnishe dmusic. “Institutions are agencies and means to an end and have no supreme value in themselves. Supreme values reside in functioning human beings. Nothing has greater value than human life,” the speaker said. Students’ Job Growing “The students' job is growing. 0 You will never be more truly functioning than when studying in the j classroom and laboratory,” he told the graduates. “Anything is good that fulfills the purpose of its maker. All problems are human problems. Financial, j economic, railroad and social prob- | lems are only correllaries. Solving ! of human beings is the problem of I government, the opportunity of edit- | cation, the business of the church and society. Give if you want to i get is the ruNe of society.” | “Deposits of all experiences of the i human race—vocations of men, arts | and crafts, sciences and the fine arts —are materials for defensive education. But’these are all dust unless education lias a soul, a spirit—essential Christian. More abundant life is the motive of Butler College. 155 Get Degrees Conferlng of degrees on 153 bachelors and three masters by President Robert J. Aley, followed the address, tie gave a short talk to the graduates. Graduates: Bachelor of Art* Eleanor Yula Austin. Ruth Alice Bales Thomas Churchill Batchelor. Del Mar Frances Beam. Mary Barnett Bear. Carrie Eliza Men ham. Thomas Jefferwon Bennett. LaVern Bishop. Cathryn Bond. Dorothy Book. Edith Mae otts, Jessica Merrill Brown. Jaul Van Dyke Brown, ‘.Mildred Catherine Burkhardt. Howard Hamilton Burkher, Eust-ne Milo Bushon*. Eural B Byfield. Rachel Nell Campbell. Faye, Cantrail. All s- Frances Cobb, Anna L. Conlen, Evans Wilkins Cottman. Mary Ellrn Courtney. Mary Elizabeth Crew. ‘Helen Mir saret Custer. Georg* Ear! Daniels, Russell Dawson, Dorothy Dill, Dorothy Justvne Dipple, Rebecca I.ueile Dixon. Gwendolyn Louise Dorey, ‘Elizabeth Downhour, Edna Louis* Duncan Mildred Belle Durbin, l.ary Everett Dyer. Irma Clair* Dykes. /Mary Matthews Early. Louise Eliza!* th Undertin Max Harold Kiaeh. Katie Madd*rn Fisk, • Edith Fltzxer.ald. ‘Grace t ■ -Unwell Helen Marie Frank*. Gladys Miller Fri-siur. • Ethel Frost, helnia Frost Hazel Funk, Velma Frieda Gentry, Mane Georire, Hcnty Otto Goett. *Eudora Adelma Green, Amy Christine Greenfield. Elmer Leon Griffith. Grace Mari* Hackleraan T.ois Mary Haggard. Marion Elizabeth Harris, • Virgil Era Havens, Clarice Headrick, ‘lda B Helphinstine, •Josephine Bryson Herron. Luoile Sara Hodges. ‘Helen Hoffman, Johanna E Holmes. C. Glenn Hoover, Carl William Huber, James Nelson Jav. Paul Jones. Harold F. Kealing. Sylvia June Keefauvcr. Olio- Wood Kelley. Vera Juanita Kersey. Albert Julian Kettler, ‘Carlo* Francisco K’.offer Mary Fiat!- Kinder. Kathryn Emma King, Elizabeth Kolmer, Herman William Kuntz. Milton Kurzrok. ‘Doris Long Mar. tha Elizabeth Luca*. Florence Whi Inzer Lupton. Charles Glenn MoCalllater, Edward Grafton McGavran. Marjorie Maxine McKay. Daniel Hayes McKinney Rowennu Lucille Madden. Eugenia Mag id son. Hath Boyd Malott. Virginia Oakes Maltby, Thclima Ruby Manley, Audrey Jane Martfn. j Helen Naomi Matlock, Gertrude Meacall. t ‘Mary Ann Milk*. Anne Moorhead "Harry William Mount. Katherine All.’* Murphy, j Helen Louise Myers, Tovozo Wad* Nakarai. : Elsie Nicma.it. Josephine Alla Osborn*. ■ Dorothy Emily Perkins. Paul Leon Plul- ! lippe. Frances Richard Pinned. Doris Josephine Poe. Mary Elizabeth otter. Lowell : Wayne Pruett. Marjorie Kethrrford, Archie I Wavne Reynolds. Mildred Pritchett Re.v- ---: no!ds, Louise Lois Rich. Mildred Irene I Ross. Henry I.eo Rubsam, May Kolmer • Schaefer. •Homer Ha,ves Seott. Dorothy Loren a Shank. Virginia Shortrldge. Margaret Megee Smith. ‘Mildred Louise Strode, Gladys Lucille Suilbrock, Lorene Lavonne Taylor. William A. Thomas, Mary Phyllis Valentine. *Rr>bert Grover Van Duyn. •Emily Vawter, Hazel East Va Wie, Margarilht Helen Walsh, Helen Catherine Ward. George Wallace West. ‘Claudia Wevat, Pauline Dorothy Wilkinson. Winifred Williams. Mildred Edna Winship. Mary Kathryn Wise. ‘Elizabeth Rippeloe Witt, 'tilliarn Winsor Wjttkarrqipr. Mary Martha Wolf, Virginia Mae Wood. ‘Ruth Esther Wooley, Lester Irwin Young.

Bachelor of Science Stanley Adair Cain, Mary Elizabeth Dugan. Edwin C. Berryhill. Fred,■ride' W. Cady. •Henry Edward Gipson. Orville Justice Hooker, Harold Haskett Hungate, William Lawrence Kiser, *llll*l, Walclen Middlesworth, ’Katherine Turman Schell ‘Lundy Earl Welborn. Receiving masters’ degrees: Edith Shelby Berry, Yaotong C. Lee and John Henry Walker. Max Harold Fiseh, Dorothy Book and Mary Kathryn Wise won honors for having ninety semester hours. The senior scholaraship was awarded Ralph Wadsworth Snyder. Sheriff Captures Big Still Sheriff George Snider reported he captured a huge still at 2315 N. Illinois St., in a raid this afternoon. It was one of the largest taken in a good while. A large crowd of Interested people watched the sheriff and his deputies remove the still and barrels of mash from the rear of the premises. Killed by Shotgun By United Press - HAZLETON, Ind., June 16. Hogan Cain, 30, is dead from a bullet wound in the chest suffered when a gun was accidentally dis-' charged while he had lt in a vice adjusting the sight. The full charge entered his chest. Heavy Bridge Traffic LONDON, June 16. —The heavy strain of modern motor traffic is beginning to tell on historical Westminster bridge. Heavy tramway cars and omnibuses in the future will he sent over VaTlxhall bridge, which was built under modern con ditions. # 1 To Save Flowers OLYMPIA, Wash., June 16. Three thousand posters will he placed along the roads and highways of the Northwest warning people not to strip the forests of their flowers. Tourists are endangering the future supply of forest blossoms, experts

Loeb sSweetheart

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LORRAINE NATHAN, 18-YEAR-OLD SWEETHEART OF RICHARD LOEB, ONE OF THE CONFESSED SLAYERS OF ROBERT FRANKS. 14 YEAR OLD SCHOOLBOY, IS STICKING BY "DICKIE.’* “I KNOW '4JICKIE' WILL BE FREE AGAIN.” SHE is AYS. "AND WHEN HE GETS OUT I LL BE WAITING FOR HIM "

■ CONTRACIORjSBLAMED (Continued From Page 1) form t '(he plans and specifications be removed and replaced iu accordance with, said plans and specifications. “ SIXTH—That the floor beam in the basement be made secure by constructing a 12x12-inch column on a substantial foundation under center of the fracture in the beam.

"SEVENTH —We have heretofore referred to the brick wall at the east side of the east addition ns being from one inch to two and one half inches out of plumb. We do not believe that this wall is impaired to any extent beyond its appearance. "EIGHTH—That a deduction of 50 per cent be made on all old lumber used for sheathing. "NINTH —That after the contractor has supplied the bracing referred to above in accordance with plans and specifications, that immediate attention be given to the further strengthening of said roof construction so that lt may be made safe for its intended purposes." Cast $138,006 The improvement at Julietta cost $138,000. They were accepted by .John Kitley, Albert Hoffman and Harry B. Tutewiler, who were the county commissioners at the time. When told of the accounts board report. George A Weaver, head of tlie contracting firm, said that his company had attempted to do what was right ard to follow specifications. He said he had nothing further to say until he saw the report. Board at Work John McCloakey, a county commissioner, said steps already have been taken %• improve the condition of the Julietta buildings. A board of arbitration has been appointed according to provisions of the co'ntract to attempt to settle the difference between the county and the contracor. The board consiss of John J. Griffith, county engineer, appointed by the commissioners; Leslie Colvin, appointed by the contractor. and Robert Frost Daggett, architect, appointed by the other two members. It was said the county already BANK CLEARINGS EXCEED THOSE OF YEAR AGO Gain Due Wholly to New York Increase. Despite reduced business activity and lower commodity prices, bank clearings still exceed those of a year ago. Returns for May show an increase of about 3 per cent, though the favorable exhibit is wholly due to a gain at New York City. Clearings of more than $20,720,000,000 at the metropolis are about 8 per cent larger than those of May last year, which more than offsets a decrease of approximately 3 per cent at the outside centers. The only increases occurred in the South Atlantic and Southern Staves, while the largest decrease was one of 11.2 per cent, in the West. This week, for the fifteenth consecutive week, declines in commodity prices predominated, and bank clearings at leading cities of the United States about equal thqse of a year ago. Tank Wagon Prices < Gasoline prices do not includs State tax of 2c a gallon.) I GASOLINE—Energeo. 22e a gallon Purol, 18.2 c; Red Crown, 18.2 y: Diamond Gas. 18.2 c: Crystal Pep. 21: Target. 18.2 c; Silver Flash, 22c; Standolind aviation. 23c. KEROSENE—Crystaline, 12.7 c a gallon: Moore Light, 15.5 c: Arelite, 12.7 c; Perfection 12,7 c: Solvent. 35c. NAPTHA—Lion Power Cleaners, 22 6c a gallon; V. M. & P., 22.5 c; Standolind Cleaners, 23.5 c. - Hay Market Prices Wagon load lot prices of hay and grain at Indianapolis are as follows: Timothy—slß@2o a ton; mixed. s2o® 22; baled, $18@22. Corn—Bo@B3c a bushel. Oats—so@s2c a bushel. Straw —Wheat. $9 @lO a ton. School Board to .Moot The city board of school commissioners will meet Wednesday to hold a conference with architects of the three proposed new high schools, according to announcement of F. L. Reissner, secretary of the board, today.

, had ordered six by six beams placed | ! under the ceiling of the west wing 1 to make it safe temporarilly. Pa 1 tlents will be removed from this j wing Wednesday while the hoard of j arbitration makes weight tests to de termlne the strength of the ceiling. MACCABEEBODY WILL BUILD TWO NATIONAL HOMES Lodge Has Ample Funds and' Large Reserve for Work, By Times Special DETROIT, June 16.—Two more national homes will be built by the | Maccabees in rddilion to the Macca- ; r>ees' National Home at Chatham. Pa., it was announced today by A. j W. Frye, supreme commander of the order. Each of the homes will ’ j be located on a well wooded tract ! and besides residence buildings for aged members of the order, hospital, j and sanatorium, will include orphan \ home and schools. Probably one of the homes will be in the South and ; the other on the Pacific Coast. | "Sites for the homes are being considered,” said Mr. Frye. “The Maccabees are at the peak now of the service which the order will be called on to render to the present membership. The order has ample funds and large reserves to extend this work for the feature. As seen as sites have been selected architects will be called on to submit designs for the buildings. Both homos will be completed within ten yeai-, it is expected. “The Maccabees’ orphan home and school at the National Home’ at Chatham is now finished and will be oppned this year. “Since the organization of the National Home and Relief Association in 1915 the order has greatly developed this work. The order is so well established financially that the homes will be models of comfort, convenience and enjoyable features. Location of the new homes will be announced as soon as final choice of sites is made.” holFminnesoia PRIMARY TODAY Magnus' Johnson Opoosed for Senate Nomination, Bp United Press ST. PAUL, Minn., June 16.- -Combatting backward weather and an uninterested populace, the longest list of office-seekers eVer entered in a Minnesota State primary fought it out today. t Early reports said voting was light all over the State. There are lively contests for nominations in the Republican and Farmer-Labor parties, Magnus-Johnson, who went to the Senate upon death of the late Knute Nelson Tost year, is opposed for Farjmer-Labor nomination for Senator by Sjalmar D. Jeants, communist, and Michael Ferras, Socialist. >

MANY GERMANS SEEK HOMES IN UNITEO STATES American Consulates Are Swamped by Those Desiring to Emigrate. By United Press BERLIN, June 16.—Vastly more Germans want to emigrate to the United States than the new immigration bill will permit. The Berlin American consulate stated today that every consulate is swamped with applications. In fact, they were “overset” at least two months ago, while the requests still are continuing. As soon as the new regulations are received here the Berlin consulate will begin an apportionment of visas for the lucky ones. So far no complete tabulation of applications has been possible. Wanderlust Growing * Though the general economic situation has improved the last quota was exhausted, the wanderlust grows steadily. This is due to the conviction on the part of thousands that, in this generation, they will never be able to live comfortably, or at least not be able to save anything for old age. Young couples wanting to marry are confronted with the literal impossibility of finding dwellings at

Washington Bureau The Indianapolis Times 1322 New York Ave., Washington, D. C. Any one of the following booklets may be obtained for five cents. Any two of them may be obtained for eight cents, and any three or more at the rate of three cents each in postage stamps or money order. (Clip from here down. Send the coupon to Washington address, not to Indianapolis.) I have marked an “X” beside the bulletins on the list below which I want and enclose cents in loose postage stamps for same: is Send the ones marked “X” to— Name ,•. •,, #<,j,. ®,, •-..,. •-*.•,.• Street and Xo.. •• City ...... State... AMUSING CHILDREN—A bulletin telling how to make homemade toys, Christmas ornaments, paper dolls, etc., to keep the youngsters busy and happy. THE ART OF DRESS —A bulletin compiled from expert sources which covers styles, materials and suggestions for dress for all occasions. THE BEAUTY BOOKLET—A bulletin compiled by experts containing recipes, formulas and suggestions for all sorts of beauty and toilet preparations. THE BRIDE’S BOOKLET —From the engagement to the honeymoon. what*you want to know about everything connected with the wedding. CAKES AND COOK lES—Recipes of all kinds for many dainty and toothsome cakes and sweets for parties, functions and everyday use. CARE OF CANARIES —All about your pet birds, how to care for them, feed them, what to do when they are sick; how to breed and rear the yellow songsters. CONGRESS—The inside workings of the national legislative machine; Dow it operates, laws are made and not made, and facts and figures about the legislative body. N CONSTITUTION OF THE U. S.—A neatly printed, vest-pocket size edition of the fundamental law of the U. S., with full text and all the amendments. CANDY-MAKING AT HOME —A complete manual for the homecandy maker, containing full directions and hundreds of recipes for candy-making. HOME CANNING OF FRUITS AND VEGETABLES—An indispensable kitchen manual prepared by government experts on canning methods. CONCRETE FOUNDATION WALLS AND BASE.M ENTS—How to mix and pour concrete, with formulas and full directions for its use. CONSERVES, JAMS, MARMALADES and PRESERVES— ~ .Tells how r to “put up" all these dainties in your own kitchen for winter use. ETIQUET FOR EVERYBODY —A complete condensed manual of etiquet for all How to avoid embarrassing situations gracefully. FLOORS AND FLOOR COVERINGS —Everything about floors, from how to lay, finish and polish them, to what carpets, rugs or other coverings to use. FOOD FOR YOUNG CHILDREN—FuII of valuable suggestions for the mother of young children, with recipes and suggested menus, scientifically worked out. THE CARE OF GOLDFISH —Valuable suggestions, prepared by government experts, on the proper care and feeding of your aquarium. MEAJS AND MEAT DISHES —A cookery bulletin dealing with all sorts of meat dishes; recipes and full directions are given. 1 REMOVAL OF STAINS —This hook is a chemistry textbook in simple language, telling anybody how to remove any sort of stain from clothing and cloth material. SALADS AND SALAD DRESSING—FuII of suggestions for dainty salads and dressings, by means of w T hich meals may be varied by the housewife. SANDWICH SUGGESTIONS—Contains sixty suggestions for dainty sandwiches. Solves the problem of “what to have” for luncheon. HOW TO PLAY MAH JONGG —A booklet giving authoritative rules of the game and a clear explanation of how it is played. Every step is explained. SOUPS —A cookery bulletin containing recipes for all kinds of nourishing soups, compiled with the advice of government expert dietitians. SCHOOL LUNCHES—A bulletin for mother to tell her to prepare simple, but nourishing midday meals for the boys and girls to carry to school. WEDDING ANNIVERSARY PARTIES—A booklet showing the proper gifts for each of the anniversaries from the first to the 75th and suggestions for menus, etc. WHITEWASH AND COLD WATER PAINTS—A manual for mixing and applying such paints inside or outside to get the most satisfactory results. DEBATES MANUAL —An excellent booklet for the school boy or girl. Gives outline of debate methods, lists of subjects of current interest and general hints. PIES, PUDDINGS AND PASTRIES—A booklet containing fiftysix recipes for delicious desserts and how to serve them. HOW T 6 DANCE —A six-page booklet fully illustrated, showing the novice, the correct positions and dance steps of the standard dances, with full instructions.

either high or low rates. Forwardlooking people estimate that reparations will drain the country to such a point that, while all can live, the masses will have to limit their stand" ards to even more modest levels than they knew before the war. North America Is Goal These thoughts are file compelling reasons for jhe heavy emigration flood. North America is the chief goal of those with the wanderlust, jut Brazil and Argentina also lure many. Last year, 115,000 emigrants left Germany, including 68,000 for the United States. Building Permits J. Habing' Building and Realty Cos., dwelling, 227 Leeds, $3,000. J. H, Habing Building and. Realty Cos., furnace, 227 Leeds. S2OC. P. H. Shelton, garage. 1035 M. TfilrtSeventh, $250. H. W. Briggs, reroof. 701 Union, sllO. Gardner Realty Company, dwelling. 2713 Columbia, $3,000. Trustees Garfield Ave. M. E. Church, addition. New York and Garfield, $45,109. George M. Scherer, dwelmg, Sanders and Madison. S4OO. H. E. Byrkett, gajage. 220 Dorman. SSOO. Thomas Sweeney, garage, 1205 E. New - York, 5250 K. B. Mayhall, addition. 2339 N. New Jersey, $350. John S. Modlin, reroof. 303 N. Seville, $237. Walter C. Tuttle, remodel, 4042 Cor. nelius. S2OO. R. W. Middaugh, remodel, 1602 S. Belmont, $3,000. Howard Lee. furnace. 222 S. Addison, S2OO Mrs. D A. Lemon, garage. 2334 N. Alabama. S3OO. U. S. Distributing Dividend NEW YORK, June 16.—Directors of United States Distributing Corporation declared the initial semiannual dividend of 3% per cent on the company's $2,750,000 preferred stock. Dividend is payable July 1 to stockholders of record June 20.