Indianapolis Times, Volume 36, Number 121, Indianapolis, Marion County, 27 September 1924 — Page 11
SATTEDAY, S¥PT. 27,19**
STOCKS IMPROVE ■DURING WEEK OF STRONG TRADING r Atchison Leads Rai! Advance While Cast Iron Pipe Heads Industrials, Average Stock Prices Average price of twenty industrial stocks Friday was 103.98, off .15. Average price of twenty rails was 90,35. cff 16. Average price of forty bonds was 90 93, UP ,09. By Vnited Press ... NEW YORK, Sept. 27.—Stocks closed the week in impressive style. General strength characterized both rail and industrial groups and a number of striking gains took place in special stocks. In Cast Iron Pipe and Nash Motors the upswing attained sensational proportions. Improvement went ahead in the standard industrial stocks, while the forward movement N in rails was distinguished by the leadership of Atchison. Frisco R. R. Strong I So noteworthy was the showing of ftthfe road's August earnings that it Baade the conclusion unavoidable direc* IHLt they were entitled to larger participation. IVith Atchison leading. activity at rising prices spread throughout the railroad list, .attaining particular vigor in the Frisco and Chicago Great ’VYestern issues. , Further pronounced strength in I special stocks featured the early ' dealings. Frisco issues reached new highs for the year, the preferred at f.6*g and the common at 31, discounting the Expected resumption of dividends on the senior issue next week. Pipe at New High Cast Iron Pipe continued its spectacular advance, achieving a record high at 115 against Friday's low of 108%. Buying was largely by the Durant brokers. The market closed irregular. Closing prices: I*. S Steel. 109%. up 1%; Baldwin. 1113 s *. oft a* Studebakcr. 43. up %: American Can. 129%. off : Cast iron Pipe. 113%. up l?-'- : Worthing, ton Pump, 44%. off %: Hide and Leather pfd. 64%. oft %: Na9h Motors. 101. up 11: Lehigh Valley. 60%. oif B, & O. 63. off % : N. Y. C- 107%. up 1* ; Southern Pacific. 95 %. up 4* . Local Bank Clearings Indianapolis bank clearings Saturday were $2,592,000. For the week. $17.570.000. Bank debits amounted to $5,391,000. For the week, $32,401,000. New York Liberty Bonds —Sept. 27 Prrv. High. Low. Close, dose. 3%s 100.30 100.29 100 29 100.30 Ist 4%s .. 102.18 102.19 102.19 V 2 19 2d 4% s .. 101.23 101.21 101.23 101.21 3d 4 4*B .. 102.9 102.7 102.7 102.8 4th 44. s .. 109.29 102.21 102.21 102.22 gvta 100.3 lud.l 'W Foreign Exchange YORK. Sept. 27 —Fori rn ergs closed easy. Sterling demand. •.%. Francs, 5.26 c, off .01 He. Lire. •. Belgian. 4.58 c. off 02c. Marts. . per trillion paper Holland. 38 02c. .a, 5.16 c. Shanghai. 76 %e. Yokoa, 40.25 c.
Commission Market
Prices on commission house products generally ruled uncharged in Saturday s short day of trade. There was a tendency • to go higher on home-grown produce in expectation of lighter receipts next week, but no marked increase was registered. Michigan fruit receipts have held fairly large during the week and no decline is expected in the near future. California fruit receipts have Ven fully norma! and prices show no creat difference irom those of the same time last year. Potatoes quotations were a ehado lower. —Fruits—4ppfis—Fancy Jonathan. $2.75@3 a box. Extra fancy Pearis a 40-pound basket. $1.7.V0 2: fancy. $1,258 1 .70. Extra Jar. v Duchess. $1.75: fancy. $1.25® 1.50. 1 aney Red Junes. $2.50. Fancy Wealthy, $1.50 Grimes Goideu. $-.so'ii 2.75. Apricots—California. [email protected] a box. „ Bananas—7c a pound. Cantaloupes—Colorado flats. [email protected]: Arizona pink meats. $1.25 a flat crate: Arkansas. $1.10®1.35. Honey Dewcs. $1.50 a crate; home-grown Tip-Tops. 74 a barrel. Cranberries—C. C. Black’s, $5.75 a half barrel box. Grapes—California seodl''ss. crates. $1.75 ®2: Tokay. $2.15 efate: Malaga. $1.75; Arkansas Concorus, 35c a five-pound basket. Lemons—California. SO*?? f1.50 a box. Oranges—Extra fancy California Valencias. 12fls to 2505. $5 5J®7.25; Florida. $5.258 7. - Peaches—Elbertas, $3.50 a bushel: Colorado Clings. $1.50® 1.75 a fifteenpound box. p-*ars—Western Bartlett. s3®3.;>o a box JNew York Favorites. 3 a bushel. Elhen s 53.75 bushel. dL ops—lndiana blue plums. S3B 350 A - sons 75890 c a basket: Italian Pruns. sl.lo a fifteen-pound box. Watermelons—4s 8 60c. —Vegetable*— C'-rrots—Home-grown. $1.0081.35 a buffi el. Corn— Roasting ears. 20'S Coe a dozen. Cucumbers —Fancy, home-grown. 50 8 65c a dozen. Eggplant—Sl.osol.7s a dozen. Kale —Home-grown. 508 65c. Lettuce —Head, fancy Colorado. $5 25 8 625 a crate; home-grown leaf. $1 a 15pound basket. Beans —Home-grown. green. $1.50 bushel; stringless $1 75: "ax, $1.25. Beets—Fancy hoine-grown. 20® 25c a dozen bunches. Cabbage—lndiana. $2 82.25 a barrel. Mangoes—Louisiana 52 a hamper; home-grown. $2.25 a bushel. Onions —Spanish, $2.2.5 a crate; home-, grown greens. 35c a dozen bunches homegrown pickling. $1.25 a 15-pound basket. Parsley—Home-grown. 25835 c a dozen. Peas —Mew York fancy Telephone. $1.50 ®1.75 a bushel. , , Radishes —Home-grown, button. 45®55c a dozen bunches; long red or white. 45c. Rhubarb—Home-grown. 25 830 c a dozen bunches. Spinach—Homegrown, fancy. $181.25 a bushel. • Tomatoes—Home-grown 50 8 75c a basket.of 15 pounds: $1 2581.50 a bushel. Turnips—sl a hamper. —Potatoes— Fancy Michigan, $2.90 a 150-lb. bag: Red River Early Ohio-. $2 8 2.25 a 120-ib. bag: extra fancy Idaho and Colorado. 2c a pound: Kentucky Cobblers. $3.15 a barrel: $2.258 2.75 a 150-lb. hag Jersey Sweet Potatoes—s7.soß 9; Virginia. $6 508 7 75; Carolina. $7.50: $2.25 82.50 a third barrel. Mew York Curb Market Cities Service 1 “*% 8 143 % Dubillers 54 „ "> 54 % Ford of Canada 445 ® 455 Gulf Oil 59 H 6( 60 Goodyear 14 % 8 14% Indiana Pipe ... fit 72 iff 7,3 Mutual Oil 10 7* 8 11 P: .trie Oil and Gas 207 268 Prairie Pipe 103 8 103 >4 Royal Canadian 5% 8 5 '-4 Standard Oil of Indiana.... 56 8 56 1 s Standard Oil of Kansas .... .33 >4 8 ;>41 a }/ Oil of Kents -ky .11'. ill- / Oil. Mew York iWfum Oil 70 1 ! yi TOn New York Cotton Futures —Sept. 27 Open. High. Low. Close. January ... 24.97 25.16 24 50 24.50 March 25.10 25.35 24 7$ 24 75 May 25 30 25.52 24.65 24.95 October .... 25.70 25.98 25.20 24.40 December . . 24.80 25.13 24 45 24.50
New York Stocks
Railroads— Prev. High. Low. Close, close. Atchison ..107% 105*4 107 H 105*, B& O 63 % ... 63 63 *4 C & O ... 85% 74% 75% 75% C A- NW .... „ . . ... 62 % C R & P... , 34% 34% 34% 34% Erie .. ..27% 27 % 27% 27% Gt Nor pfd. 64% 64% 64 H 64% Lehi Val . 60% 60% 60% 60% Mo Pac pfd 55 % 58 58 57 % N 5' Cen . 108 % 107% 108 107% NYNH AH 25% Nor Pac .. 65% 65% 65% 65% N & W ..12.5% 125% 125% 125% Penn 44 % ... 44 % 44 Ti Reading f. . ... 62% Sou Ry . . . 70% 70 70% 70 Sou Pac . . 95 % 94 % 95 % 94 % St. P pfd . 21% 21% 21% 21% St L A SW 44 Union Pac .140% 140% 140% 140% Wab pfd .. 43 42 % 42 % 43 % Rubbers— Godyr pfd .65 „ .. 64 % 65 Kel-Sprg ..18% 18% 18% 18% U S Rub .. 35 % *.. 35 % 35 % Equipments Am Loco . 80% 80% 80% 80 Bald Loco 123% 122% 122% 123% Gen Elec ..263 261 261% 263 Pullman ..130% ... 130% 130% West Elec .63% ... 63% 63% Steels— Bethlehem , 43% *3% 43*4 43% Colorado F. 43% 42% 43% 42% Crucible ... . . 55 % Gulf States 75% ... 73% 73% R I A- Sleel 46** 46 46% 45% U S Steel 109% 108% 109% 108% Motors—i Am Bosch ... ... ■. . 28% Chandler M. 36% ... 36% 36% Gen Motors 61% 60% 61 60% Max M (A) 61% 60% 61% 60% Max M <B> 19 18*4 18% 18% Studebaker. 43 41% 43 41% Stewart-W.. 58 % . . .57 % 57 % Timken ... 35 34 % 35 35 WillysOve.r 8% 8% 8% 8% Minings— Tnt Nickel. 18% ... 18 % 18 % Tex G & S 81% 80% 81 80% Coppers— Am Smelt. 73% 73% 73% 73% Anaconda.. 37% 36% 37% 37% Kennecott.. 47% „. . 47% 47% U S Smelt. 33 „.. 32 32 % OUs— Cal Petrol.. 22 ... 22 22 Cosden .... 74 22% 23% 23% Houston Oil 72% .. . . 72*4 73 Marl and Od 34% 84% 34% 34% P-A Pete. ... ... ... 53 P A P <B) 52% ... 52% 52% Pacific Oil.. 48% ... 4S 47% Pro A Ref ... ... ... Pure 0i1... 22 % ... 22% 22% Royal D. .. 41% ... 41% 41% S Oil of Cal 57 % 57% 57% 67% S Oil of N J 35% .. . 35 % 35% Sinclair .., 16% 16% 16% 16% Texas C 0... 40% 40 10% 40% I nductrials— Allied Chem 74 % 74% 74% 7t Am Can.. 130% 129% 129 5 , 139% Amer Ire .. 80 % 79 SO % 79 Am Woolen 56 % 56% 56 % 57 Coca C01a... 77 76% 76% 76% Conzo'.eum ... ... ... 45% Cont Can.. 58% 58% 58*4 58% Davison Cli 50*, ... 49% 50 Fan, Play.. 88% 81% 83% 81% Inter Pap.. 50 ... 50 51% May Stores ... .... 95% Mont A w_ 35*4 35% 35*4 35% S-a-sßoe. 164’* 103% 104% 104*. t* SC I P.. 115 112% 113% 112 r S In Al.. 71% 71% 71 % 71% Worth P... 45% 44'1 44% 45% I tilitles— Am I4 T. 12714 ••• 127%, 127% Con Gas... 75 74 % 74 % 74 % Columbia G. 42% 42% 42% 39% Shipping— Am Itn Cor .. . „ . . 26% In M M pfd 40*4 40% 40% Foods— Am Susrar.. 46% . 46 47 Corn Prod.. 36 35% 35% 35% C (' Sr pfd 64% ... 6.5% 64% C-A Suzar ... ... . . 32% Punta Ale.. 54 ... 54 53% Tobaccos— Am Tob * . . w. ■ 164 % Tob P <B) 67% 67 67% 68
CORN ADVANCES; WHEATDECLINES Heavy Realizing Causes Bread Grain Slump, Bv Vnit-4 Trmi CHICAGO. Sept. 27.—Coarse grains finished strong and higher. while wheat closed lower on the Board of Trade Salur. day. After reaching new high ground on the crop, heavy realizing developed in wheat Export busiTiiss reached the three mil.ion bushel mark in wheat. Com made the greatest gain in the coarse grain market, but sagged under heavy profit sales. Reports TiT tow temperatures and scattered frosts and forecast for general frost over the week-end in ihat section by buyers in the pit. Oats were dull and lagged behind com. Export sales, however, kept the market In high ground. Provisions was higher with hogs and ina. Chicago Grain Table —Sept. 27 WHEAT— Prev. Opon. High. Low. Close, close Sept 1.35 1.36% 1.34 % 134% 1.34% Dec. 1.39 1.40*4 1.38*4 1.38% 1.38% May 144% 1.45% 1.14V* 1.44>* 1.44% CORM— * Sept 1.12% 114% 1.10% 1.14% 1.10% Dec. 108 1.11 1.07 1.10% 1.00% May 1.09% 1.13*4 109% 1.13% 1.09 OATS— Sept .48% .49 .48% .49 .48% Dec. .52% .53 .52% .52*4 J>2% May .56% .58*4 .50% .57 .50% LARD— ' Sept 13.90 13.95 13 90 13 95 13 77 RIBS— Sept Momlnal 1190 11.90 RYE— Sept 1.14% 1.15% 114 1.14% 1.10% Dec. 1.13% 1.15% 1.13% 1.1.3% 1.13% May 1.18 1.20% 1.17% 1.19% 1.16% Primary receipts: Wheat, 2. .317.000 against 1.333 000: corn, 1.028.000 against 469.000: oats 1 353.000 against 975.000. Shipments: Wheat. 1.928.000 against 1222.000: corn. 306.000 against 303.000; oats. 457.000 against 705.000. CHICAGO. Sept- 27.—Carlot receipts were; Wheat, 168; corn, 310: oats. 101; rye. 13; barley. 24. Cash Grain Saturday's receipts. 100 cars. Prices quoted 41 %e f. o. h. basis to Mew York, hay on track. t Indianapolis bids for gram at 'he Indianapolis Board of Trade were: Wheat—Steady: No. 2 red. $1.34 81 1.36: No 2 hard. $1.2881.30. Corn—Strong: Mo. 2 white. $1.05® i 07; Mo. .3 white. $1 04®1.06: Mo. 2 yellom $10581.07: Mo. 3 yellow. slo4® 1V- No. 2 mixed, $1.0381.05: Mo. 3 mixed. $1 02 8 1.04. Oat*—Firm; Mo. 2 white,. 46®47c; Mo. 3 white. 458 46c. Hay—Steady Mo. 1 timothy, sl6 8 16.50: Mo. 1 light .lover mixed $15.50® 16: Mo. 1 clover mixed. sls 8 15.50; Mo. 1 clover hay, $14815. —lnspections Wheat—Mo. 2 red. 3 cars: Mo. 3 red. 4 ears: Mo. 4 red. 2 cars: Mo. 2 hard, 1 car; Mo. 4 mixed. 1 car Total. 11 cars. Corn—Mo. 2 white. 13 cars: Mo. .3 white, 12 ears Mo. 5 white, 1 eark.No. 2 yellow. 12 cars: Mo. 3 yellow. 18 ears: Mo. 4 yellow, 9 cars; Mo. 5 yellow, 2 cars: Mo. 6 yellow. 3 ears: sample yellow. 1 ear; Mo. 7 mixed. 2 cars. Mo. 4 mixed. 1 car. Total. 75 cars. Oats—Mo. 3 white, 13 cars; sample white, 1 car. Total. 14 cars. CHICAGO. Sept. 27.4-Wheat—Mo. 3 red. $141%: Mo. 2 hard. $1.39: Mo. .3. $1.37%. Com—Mo. 2 yellow. $1.12% 8 113%: Mo. 3. sll3 81.12 V- : No 4. sl.llß 1.11%: Mo. 6. $1.09: Mo. 2 white, $1.12%: Mo. 3. $1.10: Mo. 4. $1.09. Oats —Mo. 3 white. 48% 8 49e; Mo. 4 48c. Barley—B2 8 93c. Rye—Mo. 3. sll2. Timothy—[email protected]. Clover—sl4B 23.25. TOLEDO. Sept. 27.—Wheat—Cash. $1.408141. Corn—Cash. $1.2081.21: No. 3. $1.19® 1.20. Oats—Cash, Mo. 3. 51% ® 52%C. Barley—Cash, 92c. Clover-seed—-Cash. $17.30: October. $18.50: December and March, $17.70. Timothy— Cash and September, $3.50; October and Deeember. $.3.40. Alsikc—Cash. old. $11.60; Oetober, $12.10: Doecmb-r, sl2 35: March. $12.50. Butter—4l@42c. Eggs—42 ® 47c. Hay—s2B. Prices on Coal Indianapolis retail coal prices -as announced by dealers are: Indiana Lump. $6 a ton; Coke, S10: Kentucky Lump. $7.50; West Virginia Lump. $7: Pocahontas Lump. $9.25: mine run. $7: Anthracite. $16.50.
HOGS 250 HIGHER ~ WITHjIO.I TCP Bulk of Sales Made at * $10,[email protected], —Hog Prices Day by Day— Sept. Bulk. Top. Receipts. 22. 10.60 10.65 5,500 23. 10.50 10.55 9,000 24. 10.25 10.25 8.000 25. 10.35 10.40 6.000 26. 10.50® 10.65 10.75 6,000 27. 10.75 10.90 4.000 Supply and demand laws, in full force at the local yards Saturday, brought about another 15@25c increase in hog prices. Receipts fell to 4,000. A slight preference was shown for lightweight stock. The top was $10.90. The bulk moved at $10.75. Lights sold at [email protected]. Light lights brought [email protected]. Heavies were quoted at $10.25® 10.50. Medium mixed lots sold largely at [email protected]. Pigs were up 25e and sold at [email protected]. Sows advanced a qn:|rter and smooths brought $9 @9.50 while roughs brought $8.50@9- Trading was lively and a good clearance was probable. The close of the week was fully 25c higher than the opening Monday. Cattle were steady on light receipts of 300. Trade for the week has been fairly strong for all good to choice stock while lower grades .have held steady at reduced prices. This week’s market has been much improved over the last. The steer top for the week was $10.50. Choice yearlings have brought [email protected]. Asa general thing an increase of 25c has been scored during the week. Common, plain killers were quoted at [email protected]. Mediums were quoted at [email protected]. Cows held at $6 top. Common, medium and good cows brought [email protected]. Cl’.'ice light heifers brought $3 [email protected]; medium to good. [email protected]; common to fair, $4 ®g.25. Veals were 50c higher at sl3 top. The bulk of good veals brought $11.50® 12.50. Receipts, 300. Large receipts of sheep and lambs, which were mostly feeder stock, failed to change prices -any in this division. The top was $12.50. Mixed lambs were quoted at $117? 12; culls and throwouts, $8 "O 5.50. Sheep sold at $6 down. —-IlOf*Choir* ltehtfl $1 Eight mix*<l 10 50^10.^5 Medium mixf-d 10.85^10.75 Light lights 10.o0flsJ10.R5 Heavyweights Pigs £.oos 10.50 Sows 8.50 •>; 0.50 Cattle—--1 240 lbs. up. choice.slo.oos 10 50 Fair to :roo<i B.oos 0.50 Steers. 1,000 to 4 1.200 lbs.. choice 10 00 $lO 50 Prime yearlings steers 10 50$ 10 75 Common to fair heifers . 4 00$ > . Choice heifers 8.50$ 10.00 TJab\ beef heifers 8 50^9.00 Common to medium cows . 3 755. 450 Choice 5 50Gt 8.00 Can tiers 2.005. 2.50 CutfcTS 275 -it .5.50 Choice hsrht bulls 6.004* 000 Choice heavy bulls —< iilves— Choice veals sl2 OO Lightweight veals B.so fit 9.50 Good a cals 11 50 H 12.50 Common heavies 5 00$. 0.50 —Sheep and Lamb*— Extra choice lambs sl2 50 Mixed lambs ll.ootfi 12.00 Cull lambs N.CKKt 9 00 Good to choice ewes 4.50*0 8.00 CuJ.s 5.00 U 5.50
Other Live Stock CHICAGO. Sept 27.—Hogs—Receipts 10.000: market. 10®15c up weighty b'lteh-r* up must; top. $lO 50: bulk. $9 25 ®10.20 heavyweights, $9.85 810 35: medium. $lO 1 10.50 lights, 89 8 10.50: fight lights $8 25810.35: heavy packing, smooth. SB.(-0® 3.10: heavy packing, rough. $8.30 8 8 80: killing pi--s. $8 2.>8 9.50. Cattle —Receipts, 1 000: market, compared last week: all grades weight fed steers closed t a standstill: semi-demor-alized at weeks extreme decline: yearlings and good to choice handy weight steers steady. 25c up. western grassers and stockers and feeders steady extra top big weight fed Steers $10.50: long and light, yearlings. sll 50 f-d yearlings and corned heavy heifers 15 8 750 up in sympathy with yearlings: other descriptions fat she stock dull, barely steady: bulls steady to 15c up: realers 25 8 50c up: -week's bulk prle's fed steers and yearungs. $8.25 • 10.25: w<tom graasers. $6.258 7.00; fat cows, $3.858.5.50: heifers $5 '7 50; owners and cutters. $2.75 8 3.25 v U calves. $11.25® 12.50; Stockers and feeders. $5.50 8 7 Sheep—Receipts 4,000: market, todays receipts practically all du-'H. for wck around 10 50(1 direct: 277 ears feed lot: compered last week. killing classes generally steady: fat lambs steady: week s prices• fat range lambs. $4.3 8 1.3.20: top. $13.50; fat natives sl2 508 13: top. $13.25 fat ewes. $4.75®6.50: top. SfljO: feeding lambs, $17.50® 13: top sl3 To; full mouthed breeding ewes. $6.5088: feeding ewes. $5 8.5.75. PITTSBURGH. Sept. 27.—Cattle—Reoeipti. light: market. rIow: choice. $8.75 ® 9.25: good. sß® 8.25; fair, $687; veal calves. $12.50. Sheep and lambs—Receipts. light; market, steady: prime wethers $7.258 7.50: good. $0.5087: fair mixed. S5 86 : Jambs. S9B 13 25. Eggs— Receipts, light; market. steady: prime heavy $10.80810.90; medium. sll® 1110: heavy vorkers. sllß 11.10: light yorkers. $0.768 10: pics, $9.25 8 !i,50: roughs. $8 89; stags. $485. CLEVELAND. Sept. 27.—Hogs—Reeeiptg, 800: market, active: Yorkers $10.75 8 10.85: mixed. $10.75 8 10.85; medium. $10.738 10 85; pigs. '59.25; roughs. $8 50; stags. $6 Cattle—Receipts, 250: market slow, unchanged. Sheen and lambs—Receipts. 200; market, Steady: top. sl3 25. Calves—Receipts. 150: market, steady: top, $1.3.50. EAST BUFFALO. Sept. 27.—Cattle—Re. oeipti. 225 market slow, steady; shipping steers. $8.508 10: butcher grades. $789: cows. S2B 6. Calves—Receipts, 650: market. slow, steady: cull to choice. $3 813. Shop and lambs—Receipts, 1,300: market, slow and steady; choice lambs. sl3 8 13.25; cull to fair SBB 12; yaerlings. $7 'a 10 sheep, $3 8 7.50. Hogs—Receipts. 2.400; market, slow to 10®'15c higher Yorkers. $9 75'0 10 90: pigs. $9.25: mixed, SIO9OB 11: heavies *1000811; roughs. SBB 8.75; stags. $4.55®'5.50. CINCINNATI. Sept. —Cattle—Receipts. 150; market, steeu.v; shipping steers, pond to choice. $7 89. Calves— Market, lower: good to choice, sll ® 12. Hogg—Receipts. 300; market, strong; good to choice packers and butchers. $10.25® 10.75. Sheep—Receipts. 575; market, steady: good to choice, $4 85. Lambs— Market, steady: good to choice. $13.50® 13.75. TOLEDO. Sept. 27.—Hogs—Receipts, market, steady, heavies, $10.50 8 10.60; medium. $lO 65810 70: yorkers. $10,658 10.75; good pigs. s9® 9.25. Calves — Market, slow-. Sheep and lambs—Market, slow. Chicago Stocks (By Thomson & McKinnon) —Sept. 27 Open. High, Low. Close. L M'cN new 5% 5% 5% s'i Mont W 35% 35% 35% 35% Pick 19% 19% 19% 19% Basaick . . 88 33 32 % 37 % Swift Inti.. 29% 29% 29% 29% Stewart W. 58 58% 58% 58 Real Silk.. 43 44 43 44 Wahl 21% 22 21% 22 M U com.. 84 85 83% 83% Tank Wagon Prices (Gasoline prices do not include State tax of 2e a gallon.) GASOLINE—F.nergee. 17c a gallon: Purol, 16c: Red Crown. 13.2 c: Diamond. 13.7 c: Silver Flash. 17c: Standolind aviation. 23.2 c: Standolind Furnace Oil. 9.6 c. KEROSENE —CrystiJine. 11.7 c a gallon; Moore Light. 14.5 c; Arclite. 11.7 c; Per. lection, 11.7 c: Solvent, ?sc. NAPTHA—Lion Power Cleaners, 22.6 c a gallon: V. M. & P., 22.5 c; Standolind Cleaners, 23.5 e. Hay Market Prices Wagon load prices of hay and grain at Indianapolis are as follows: Timothy—sl2®l6 a ton: mixed. Slo® 12. Com—sl.2s a bushel. Oats—ss® 60c a bushel; ijpw. 52®66c.
THE INDIANAPOLIS TIMES
FEW CHANGES IN MARKET PRICES Garden Produce Remains in Prominence, Garden produce remained prominent at the city market today. Prices were fairly steady with Thursday’s and not. much changed from last Saturday. Among the new products were Chinese bean sprouts at 40c a pound, pomegranates, 10c each and artichokes at 30c each. Crab apples were abundant at 3 to 5 pounds for 25c. Tip top melons were practically off the market. Other prices on first quality produce: ► Green beans. 10c lb: shelled beans, 40c lb: shelled lima beans. 60c Jib; sweet corn, 3 for 10c: cabbage, 5c and 10c head; carrots. 5c bunch: cucumbers, oc each: spinach , 15e lb: sweet potatoes. 10c lb; egrg; plant. 25c and 30c each: peas, 25e lb: bead lettuce. 15c; artichokes. 30c each; Brussels sprouts. 300 pmt; cauliflower, 25 (a :50c head: tomatoes. 2 lbs. for 15c: radishes. 10c bunch; parsley, 5c bunch; turnips, 10c bunch; aligator pears, 50c each. $ Cranberries. 20c lb: huckleberries. 25c pint: Japanese persimmons. 2 for 25c;. peaehes, 20<s 30c basket: sugar pears, 10c ib; plums. 10c lb: crapes. 15c lb; anjo pears, loc Ib: watermelons. 75 (if 90c each; cantaloupes. 20c each: Honey Dews. 50c cacti; limes. 50c dozen: squashes, 10® 15c each. Fries. 45c lb: hens, 35® 38c lb; esxa, 45e dozen: oysters, standards. 35e pint ; selects, 45c pint. Procfuce Markets Fresh einrs. loss off, 36c: packing stock .butter, 23e: fowls. 4% lbs. up. 22c: fowls, under 4% lbs.. 19c: cocks. 12c: springers. 22c: Leghorn poultry, 25 per cent discount; young tom turkeys. 12 lbs. up. 26c: young hen turkeys. 8 lbs. up. 26c; old tom turkeys, 21c: ducks, 4 lbs. up. old. 12c: ducks, spring, 4 lbs. up. 15c: geese, 10 lbs. up. lie: squabs, 11 lbs. to dozen. $3.75; young guineas, 2-lb. size, $7. CLEVELAND Sept. 27—Butter —Extra in tubs. 374139 %c: extra firsts, 37%0; parking stock. 254i26<': standard. 35'. f’olutry—Live heavy fowls, 26 4i27e: Ugnt. 1741.180. heavy M'ringers, 25h26< - : light springers. 204i22e; roosters. 144;15c: ducks. 20? 22c: geese, 18® 22c. Eggs— Fresh gathered northern extra. 48c; extra firsts 4t>c: Ohio firsts. 42c: western firsts. 41 f-c. Potatoes—New Jersey cobblers, *•2.65: Michigan. $1.70® 1.85; Maine, $2 40 4? 2.50. LUMBER TRADE SLOW Expert Increase in Rural District Within Month. fly Times .Special CHICAGO, Sept. 27. Lumber trade has slowed down perceptibly during September, but the volume is satisfactory to most producers, and the outlook is Judged favorable, says the American Lumbe.rman. The consensus within the industry is that no great activity can bo exported during the rest of the year, hut that the present volume of trade will probably ha nqiintained until weather conditions interfere with outdoor work. This expectation is based on the prospects for an increased farm demand during the next two months, which should outbalance the city consumption decline. Favorable reports from the corn belt indicate a strong lumber demand may be expected from these regions.
MOTOR INCREASE MADE 10 Per Cent Ahead of August—Production Continues Satisfactory. /?>/ Timr Rprrial NEW YORK. Sept. 27.—The second half of September has shown a moderate Increase over the first half in the production of motor cars, sayn Motor. Total for month probably will It© about 10 per cent In excess of August.. Manufacturers are holding their output closely to an order basis and no surplus stocks arc bein;? accumulated. Retail sales *ar© somewhat spotty, but generally speaking they are best In those sections where buying power has been Increased materially by the higher values of agricultural products. Better demand in these areas is offsetting declin"s in soma of the industrial regions.—Motor. SHRINERS TO SEE SHOW Will Take Over Opening of "Blossom Time” Monday Night. Murat Temple of the Mystic Shrine will give its first theater party and dance of the season Monday, Oct. fi, when the opening of ! "Blossom Time" at the Murat Theater will be taken over by the Shriners. The party is open to the public, Ed .1. Oausepohl, chairman of the entertainment committee, announced, and tickets will be sold in the regular way through the box office. Several hundred members of the ! Indianapolis chapter of De Molay have taken a block of seats for the show. Oausepohl said. After the performance the theater patrons will dance in the Egyptian room, as guests of the Shriners. The De Molays will have a dance in the ballroom downstairs. MARINES ROUT RAIDERS Chinese Driven From Standard, Oil C-ompound at Shanghai. By Unltrd I'rmti SHANGHAI, Sept. 27.—American Marines went into action today in a bloodless battle with Chekiang troops. The Chinese, part of the badly shaken army of Lu Yung Hsiang, had raided the Standard Oil Company compound here. The; Marines were aboard war vessojs in the harbor. A landing party came ashore and routed and disarmed the Chinese. Chekiang troops defending Shanghai started a terrific counter offensive today. Half of Gen. Lu Yung Hsiang’s entire army was thrown against the Kiangsus/in a surprise attack. Mayor Wasn’t Citizen By Timm Rprrinl CONNERSVILLE, Ind., Sept. 2 7 . —Granting of citizenship papers Friday to Philip Braun, former mayor of this city, disclosed today that he had served as executive of the city from 1914 to 1918 without being an American citizen. Braun was of opinion that he had been qualified until Friday. He was born in Germany.
Pleasant
Here's the young lady who probably put the pleasant in Pleasant\ille, N. J. She’s "the town beauty and carried its colors to the Atlantic City beauty pageant. SCIENTIST BUILT SECRET TUNNELS Says He Dug Passageways for Exercise. Bp rnit'4 Press WASHINGTON, Sept. 27.—The groat Washington tunnel mystery suddenly exploded today with admission of a gray-bearded scientist of the Smithsonian institute that he dug lhe tunnels twenty years ago "for exercise." The origin and first purpose of the tunnels tiius is explained, but the tenantry of the Labyrinth since ho sealed it up ten years ago, the litter of German newspapers and the profusion of bottles still gives life to the stories of spies add bootleggers. Harrison G. Dyar, Smithsonian scientist, said he is thol man who dug them. "I did it for exercise,” he said. ‘'Digging tunnels after work is my hobby."
CONSTABLE AND . DEPUTIES HELD (Continued From Page 1) insurance company According to rumors, a company has supplied lists of names oh which to work the all.-god blackmail plan. "The raid was the result of many complaints we have received from all parts of Indiana.” Remy said. lie explained the operation of the alleged scheme as follows: Howard or one of his deputies would go into a town wth a number of warrants signed by Rainey, hut with the name of the defendant Jest blank. The deputy would go into a store and ask the merchant his name, and if ho carried workmen’s insurance. v lf the reply to the latter question was la the negative the officer would fill the name in on a warrant, and pull ■out a husky looking revolver. "I havo a warrant for your arrest.” ”Settle Directly” ITe then would suggest to the merchant that perhaps he would settle directly with Rainey without fcolng into court, it is said. Sometimes the cash would bo collected for an alleged fine on the spot. At o£her times the merchants would receive a letter signed with Rainey’s name, saying that undoubtedly the law violation was unintentional and that If the man would remit the amount of the minimum line and costs, usually about $29. the case would.be ended. Frequently the merchant “fell” and paid his fine. Then Remy believes representatives of an insurance company would call and sell him workmen’s compensation insurance. "There were few court proceedings, the defendants seldom appeared In person, and I doubt if cases actually were on file against many,” Remy said. Remy charged that he had heard of instances where the deputy or constable even went so far as to sell the Insurance himself. Follow Up Letter In the even the merchant did not remit by mail, Remy said it. seemed to be the custom to send him a fol-low-up letter telling him to pay up or Rainey would send an officer after him. Rainey's court has been in the limelight several times in the past. Several years ago deputies from this court laid out a speed trap in Irvington and along the National Rd., east of Irvington and arrested dozens of motorists daily, taking them into Rainey’s court. They also made arrests in all parts of town for failure to display tail lights and other infractions of the automobile laws. Last year hundreds of Marion County dog owners in Marion County were haled into court by constables for failure to pay dog license. Remy halted this practice.
RAIL EXECUTIVES ONPRGGRAM FOR SAFETY MEETING Frank TANARUS, Singleton Announces Formal Plans for Crossing Conference, Frank T. Singleton, public service commissioner in charge of the grade crossing safety conference called for Oct. 14-15 by Governor Emmett F. Branch, today announced the formal program for the conference Four school boys will he used as pages during the conference. Tuesday’s speeches: Governor Emmett F. Branch. "Why I Called This Conference;” Judge E. >f. White assistant attorney general, "Grade Elimination and Grade Separation;” H. D. McClelland. manager automobile license department, “Crossing Stops and Police Enforcement:’’ E. E. Ramsey, department of education. "Accident Prevention by the Public Schools:” Judge Walter Pritchard. Hoosier Motor Club. "The Motorist and Grad© Crossing Protection:” F. E Gross, chair Indiana legislative board. Brotherhood of Locomotive Engineers. •'Duties and Responsibilities of a Railroad Engineer.” Afternoon session: Charles E. HiU, New York general safety agent, New York Central Lines. "Greater Safety at Railroad Crossings;” T. H. Carrow, Philadelphia, supervisor of safety for Pennsylvania Railroad. “Rules of the Road and How to Enforce Them:" Dr. E. R. Baldridge, Terre Haute. Hoosier State Auto Association. "Objections to Stops at All Grade Crossings:" Earl Crawford. Connersville. Indiana highway commissioner. "Obstructions to View at Grade Crossings;’’ J. A. Van Osdol, Anderson, general counsel Union Traction Company. “Make Safety Popular:” Eli F. Seebirt, mayor South Bend. "Grade Separations and the Law." Wednesday the report of the committee on resolutions will be heard and discussed.
LEADERS NAMED TOR MAN'S PAY Exposition Committees for Oct, 7 Named. Mrs. John T. Wheeler, general chairman for woman’s day. Oct. 7, at the Indianapolis Industrial Exposition at the fairground, has appointed the following committees: Miss Meriea Hoagland. chairman of entertainment. assisted by M- sdamea Wilmer Christian. Florence, Webster Lons, and Minse-i Elsa Huebni-r. Louise A. Kos#. Katherine Kauts. E. 'aoeth Rainey and Dr. Jane Ketcham. Mrs. 8. E. Perkin* will be charge of an Information ’*• oh. assist'*! by Mesdamos Eugene H. Da wh. Sol Kiser. Charles H. Smith. A. J. Clark and Ma-y Malott. Guides will be Meedami-s Wo!! Sussman. B S. Gadd David Kona. Mindwell Crampton Wilson. Clin- Jackson: under direction of Mrs. John Downing Johnson. Mrs Felix 7 MoW: irter is in charge of the host tahty eommitti-e. asai*teil by Mesdames Emmett F Branch. Thomas R. Marshall, James P. Goodrich. O. B. Jameson. Myron Williams. 1! st.-sses will include Mesdames Wheeler Guy \. Wainwrigiit. Henry 1.. Dithmer. Carl S. Wagner. K J. Darker. O. B. Snethen. Howard T. Griffith. O. B. lies, W. li, Harding. Jesse Han ft. Otio I.ieber. Henry J. Raymond, William M. Taylor and Oscar Schmidt. Mrs O C. Lukenbi’le. Mrs, Chic Jaek•son and Mrs. Florence Webster Long. Miss Kathryn E. Pickett and Miss Paulino E. I.tomes will have charge of publicity. REP TAKEN BY CARPENTERS Adjourn to Monday After Balloting on Delegates. United Brotherhood of Carpenters and Joiners of America convention at the Athenaeum recessed at noon today following balloting on delegates to Union Label Trades Department, and report of committees accepting reports of the general president. first vice president, an l treasurer. Firse vice president and two delegates attend Union Label Trades Department each year. Business will be resumed Monday. Delegates chosen to American Federation of Labor: First Year —Alex Ivolse, New York: Harry Schwarzer, Cleveland. Ohio; George T. Walker, Chicago; James A. Gnuld, Boston; John Howat, Shreveport, Li-, and J. B. Weyler, Louisville, Ky. Second Year—*M. D. Taylor, Chicago; W. K. Bennett. Seattle, Wash.; John B. Tierney, Buffalo, N. Y.; Harry Lindeman, St. Louis, Mo. Third Year—William Cressman, Pittsburgh, Pa.; James E. Reehett, San Francisco. Cal.; J. H. Gruger, Kansas City. Mo.; J. R. Anderson, Dallas. Texas. Fourth Year—Daniel J. Ryan. Chicago; William Renke, Cincinnati, Ohio; Thomas Kearney, Providence, R. I.; W. C. Franklin, El Dorado, Ark. Each year the two highest delegates following year. BOND ISSUE IS ASKED Local Waiter Company Petitions Authority to Raise 81.122,000. Indianapqlis Water Company to day petitioned the public, service commission for authority to issue $1,122,000 in first and refunding 4% per cent bonds face value, representing 80 per dent of additions and betterments made to the company's property since the commission’s last order. According to C. H. Gelst, president of the C. H. Geist Company of Philadlephia, Pa., holding company for the local water company’s securities, these bonds are not to be sold, but are to be pledged under the company's first lien and refunding mortgage. The company will then issue and sell $786,000 face value of the first Hen and refunding, 5% per cent gold bonds at 97 per cent face, value. Spanish War Vets Meet By Times Special LOGANSPORT, Ind., Sept. 27. Delegates from Indianapolis, South Bend, Gary, Michigan City, Rochester, Lafayette, Peru, Wabash, Huntington, Ft. Wayne, Lebanon, Frankfort and Anderson were here today for the two-day meeting of the Spanlsh-Americ&n War Veterans’ Association of Northern Indiana.
HEARING ON UTILITIES Public Service Commission Holds Emergency Session on Petition. Public service commission today held an emergency hearing on the petition of the Interstate v Public Service Company to acquire the property of the Knox and Sullivan County Light and Power Company through issue of $98,000 prior lien stock, therefor, and acquisition of stock of the Indiana Power Company througn issue of $1,200,000 of its prior lien stock therefor. Interstate’s option on the properties expires next week. Middle West Utilties Company, holding company for the Interstate, is to acquire property of the Consumers Power Company, it is understood, and after a reorganization, turn the company over to the Interstate. Acquisition of the three uitiliti: s involves $10,000,00(1. GRANKING TRUCK FATAL TO DRIER Obedience to Patrolman Costs Life. Fred R. Smith, 22. of 1922 College Ave. rfver for the Supreme Oil and Refining Company, died at the city hosiptal "Friday night a few hours after he had been crushed between the truck he was in charge of and a coal truck owned by the Southern Coal Company, in charge of Reese Bowling, 725 E. Georgia St. The fatal accident occurred near the intersection of Bird and Court Sts. Smith was delivering oil to a building and stopped 100 feet in the rear of the coal truck. Patrolman Henry Baker, 435 De Quincy St., said he . V : FRED R. SMITH
told him to pull up closer to the building, as he was blocking traffic, and Smith cranked the truck. It is thought that the gears vibrated into mesh and the truck plunged forward, carrying Smith on the front, and wedged him between the coal truck and Lis truck. Baker was injured about the hack when he attempted to stop the truck. He was taken home. A wagon owned by L. R. Moody, colored, of 802 Athon St., was badly damaged. Funeral services will be held from the Seventh Day Adventists Church, Twenty-Third St. and Central Ave., probably Monday. He is survived by the widow, Mrs. Margaret Smith, a sister, Miss Ruth Smith, and the parents, Mr. and Mrs. James Smith of Newmarket* Ya. COWSSIONRAP IS STUDIED HERE Pennsylvania Governor Attacks Fare Increase, The public service commission today was interested in newspaper clippings from Philadelphia telling of Governor Gifford Pinehot's assignment of the Pennsylvania Public service commission in connection with the recent Increase in street car fares granted the Philadelphia Rapid Transit Company. The Indiana commission has been watching the Philadelphia case closely since the increase in Indianapolis fares. The Philadelphia increase from 7-ccnt fares to 8-cent goes into effect Oct. 5. The old rate allowed four tickets for a quarter as in Indianapolis. The new rate allows two tickets for 15 cents. According to the Philadelphia Inquirer, in its report on the Governor’s action, Pinchot held the Pennsylvania commission guilty of neglect of duty to investigate circumstances surrounding request for increased fare, of unseemly haste in ordering the increase, of unwarranted secrecy at the session in which the order was made, and of failure to conduct itself properly as sworn defender of the peoples' rights. Phone Purchases Authorized Public service commission today authorized the Southern Indiana Telephone and Telegraph Company to purchase property of the Farm-ington-Chestnut Ridge Telephone Company in Jackson County for $630. Authority was also granted Charles E- Hatch to purchase property of the Earl Park Telephone Company from E. P. Hoffman, owner, for $9,750. United States Engineer on Program A. W. Herrington, chief engineer of the United States Motor Transport Corps, will deliver a paper before the Indiana section of the Society of Automobile Engineers, at 8 p. m. Thursday at the Severin.
ABOLISHMENT OF COMMISSION IS TAKEN UP AGAIN V Proposal Turned Over to Committee by Civic Club Federation, The proposal to abolish or modify the public service commission at the next session Indiana General Assembly was in the hands today of the public utility committee of the Indianapolis Federation of Community Civic Clubs, following discussion at a meeting at the Chamber of Commerce Friday night. The committee will report back at the next meeting. Edward O. Snethen, president, called for reports from the various clubs also to be heard at the next meeting. Both sides will be presented. John F. White, secretary, proposed abolishing the commission as now constituted, retaining the engineering and accounting departments, to be placed under State board of accounts. Control of utilities would once more be vested in municipalities, under White's plan. George Lehman of Meridian Heights Civic Club, said the commission had been purified and praised the present personnel. A report' approving the school board's plan, calling for a direct tax for construction of West Side High School, and Shortridge and the colored school by issuing bonds, was adopted, and ordered sent to State board of tax commissioners. WaCeLa Community League, composed of Washington, Warren, Center and Lawrence Township citizens, was admitted to membership. B. L. Butler, president, attended. The name of the club was obtained by combination of the first two letters of the townships. Other officers: F. A. Barnes, vice president; H. H. Hollis, secretary, and Kathryn Bell, treasurer. East Side Commercial Association applied for membership. Erection of a drinking fountain and anew comfort station in the downtown district will be urged by the club this year.
VO* MACHINE OPERATION EYED Progressives Watch’ Electors’ Position, Any action to move La Follette presidential electors from their regular posi&on on voting machines,, or to operate the La Follette lever or machine button in conjunction with other buttons or levers, will he vigorously opposed by La Follette leaders even to action, according to statements at headquarters today. The move to group tickets is being made with a view to getting more than seven tickets on the machines, to escape use of the Australian ballot, according to election officials. Election commissioners contemplate asking a change in law requiring petitions for places on ballots to hear signatures of at least 10 rer cent of the vote for secretary of State at the preceding election. BRACKEN ADVISED TO PAY BY LESH Legality of Auditing Bill Is Upheld, Attorney General 17. S. Lesh has rendered an opinion to State Auditor Robert Bracken holding legal the $1,758 claim of C. A. Gall and Company, accountants, for auditing O. F. Schlensker’s account with the highway commission. Schlensker is an auto parts salesman, whom the accounts board alleged overcharged the commission $56,000 and retrieved the money from him. The Gall audit showed the overcharge to be about SB,OOO. When Gall presented his claim. Bracken refused to' pay It, declaring that in a similar case where an outside firm made an audit which had been previously made by the accounts hoard, the accounts board disallowed the claim. Lesh holds that the highway commission law provides the director with power to hlr *. such professional aid. SCHOOL FOR DIRECTORS Representatives of Marketing Associations to Meet Here Oct. 8-9. fetter business foundation for all co-operative organizations is the purpose of a school for directors and officials planned by W, H. Settle, president Indiana Farm Bureau, at Indianapolis Oct. 8-9. Managers of all co-operative marketing associations in Indiana and several nearby States will be invited. About 300 are expected. School will he the first held in Indiana and the second in the United States, the other being in Nashville,* Tenn. t Walton Peteet of Chicago, secretary National Council of Co-opera-tive Associations, will have charge of the school. Peteet is expected to secure J. C. Stone, Lexington, Ky., manager Burley Tobacco Company, or C. O. Moser of Memphis, Tenn., president American Cotton Growers’ Assort, ation, *62, speakers. > '
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