Indianapolis Times, Volume 38, Number 18, Indianapolis, Marion County, 2 June 1926 — Page 13

JUNE 2, 1926 _

PORKERS UNCHANGED; TOP $14.50

FURTHER LIGHT ’ SHED ON CALL NIONEYFLURRY Statement of Brokerage Loans Shows Increase of $22,810,000.

Average Stock Prices

Average of twenty industrial stocks for Tuesday was 142.30. off 1.13 Average of twenty rails 109.46. off <7. Average of forty bonds. 95.20. off .05. Bv United Press NEW YORK, June 2. —Additional light was she'd on Tuesday’s flurry In call money by the report on local brokerage loaps for the week ended, May 22, issued after the close by the Federal reserve board Monday, showing an increase of $22,810,000. This compilation encouraged professional traders on the stock exchange today to continue thei/r selling resumed in the previous session. Atchison was freely offered, dropping over a point to 136 on wider dissemination of an interview in which President Story threw cold water on hopes of an early increase Ikn common dividend. " Traders feeling for an immediate speculative trend turned quickly to the buying side when the general list showed a better 1 tone in the late morning. Van Sweringen issues were featured in the rail group, Nickel Plate moving up 1% and C. & O. gaining 1%. Although the display was accompanied by speculative reports, the Clevelanders had submitted a modified consolation, the rbal news appeared to lie in impressive earnings which both roads have enjoyed so far this year. , Pullman led the industrials, reviviVig the segregation rumors by advancing to 174, a net gain of 3 points. \

Banks and Exchange

—June 2 LOCAI, CLEARINGS Indianapolis bank clearings for today amounted to $4,751.000. Debits $8,851,000. CHICAGO STATEMENT B W dDC AGO P r 'June 2.—Clearings. $153.400.000: balances. $25,700,000. NEW YORK STATEMENT B 2. —Clearings. sl,625.000.000; balances, $105,000,000.

Commission Row

Prices to Retailers k Fruits V Apples—Staymen. bbl.. $5.60 ® 6.50' r ßen Davis, bbl.. 5304: Baldwin, bbl.. $3 O'4: Winesap. bbl. $4.50(3 6.50: Winesap. box. $2.50: Beauties, box. $2(3/2.50: Spits box. $2.25. Bananas—Bc lh __ Cantaloupes—California, flat ert., SI .75: pany ert.. $3; standard crt., $4: jumbo crt.. $4.50. Orange—Florida. $4.50(3 6.50: California Valencia, crt.. $4 04.50. Cocoanuts —Jamaica. $6 0100 Grapefruit—Florida. $4.5006.75. _ Lemons —California, box. $6®6.25. Limes—loo $2.50 _ Pineapples—Cuban crt.. [email protected]. Strawberries—Kentucky. crt.. $6.00: Indiana, $4.5606-50. Cherries—California, box. $3. Vegetables Artichokes—Fancy California. $3®3.25 Asparagus—H. G.. doz.. 50@75c Green Beans—Louisiana, hmp.. $3.70 ® 4 Beets—H. G.. bu.. '51.25: Southern, hmp $2 3,2 25 Brussels Sprouts Fancy. California pound. 25® 30c. . ~ Cabbage—Alabama, crt.. $3®3.25: Mississippi. crt $3.25. Cantaloupes—otd.. orts $4.5004.25: pony crts.. $3.50®3.75: flats. $2 0 2.25: jumbos. SSO 5.25. Carrots—ll. G.. bu.. $1.75 02: Missiseippi. hmp. $2(2 2.25: Texas, bu.. $1.50 (Si 1.75. Cauliflower—H G.. crt.. $3.25(23.50 Celery—Florida, crt.. s6<2 7. Corn—Texas, bu.. $202.25. __ Cucumbers—H H.. box. $2.5002.75 Texas, bu.. $2.7503.25. Eggplant—Florida, doz.. 88. Garlic —New Louisiana, lb.. 15 020 c. Kale—H. G. bbl.. $2 0 2.25. Leek—H G 85c bunch. Lettuce—Western Iceberg, crt.. ss® 25: Ohio. 10-pound basket. $1.50; Ohio. 10-pound basket. $lOlO. Mangoes—Florida tramk. $8 09. Mushrooms —Fancy, lb. 75c® sl. Onions—Texas, yellow, crate. $2.25: white, crt.. $2.5002.75: ft. G red. bag. $2; H. G.. green, doz.. 30035 c. b.vster Plant —H. G . 50060 c doz Parstey—Fancy B. G.. doz.. 60c. Parsnips—s 2 bu. „ Peas—Tennessee hmp.. $2.2r>02.50‘ N. C.. imps.. $2.75 03. Potatoes —Michigan white. 150-lb sack 55.2505S 5.2505.50: Idaho, per cwt.. $505.50: hio 120-lb. sack. $6.75: new triumphs. 100-pound baa $6.2506.50- Alabama G. button. $1.1501.35 doz. * Rhubarb—H G. doz. bunches 25® 40c: California. 40-pound box. $2.70®3. Rutabagas—Fancy $1.50 01.75 cwt-. Sassafras—Doz. bunches. 35c. Spinach—Texas bu. 75@90c. Sweet Potatoes —Nancy Hall. hmp . $2 65 3 2.75. Tomatoes —Fcv. Florida, repacked. 6basket crt., $6.50@7: original crt.. $4.50 0 5 50: Texas. 4-basket crt.. [email protected]; H. H. 10-lb. basket. $3.75. „„ Turnips—New R. G.. bu.. $2.75 03: new Texas, crt.. $2.5003. Local Wagon Wheat Indianapolis mills ana sraln elevator* are paying $1.40 for No. 2 red wheat. Other grapes or their merit

Produce Markets

Eggs —Strict 1* tree!) delivered at Indianapolis. 26 0 27c. _ Butter i wholesale prices > Creamery, best grade a pound. 43 @44c: buying nrice lor packing stock 21022 c. | Poultry—Fowls. 25c: Leghorns. 25e| young turkeys. 28@29ca ducks. 15 (316 c. J Jheese (wholesale ou.vm prices)—Wle| ■ •o.isin daisies 24 0 25c Lonarhnme 240} 9~r Lmibureer "7r CHICAGO, June 2.—Butter—Receipts, 21.289: creamery BOV @39tjc: standards 39 fee: firsts. 36 037 c: seconds. 33® 34 (4 c. Egcs—Receipts. 34.495: ordinaries, 27 028 c: firsts. 2-BV®29He. Cheese —Tw ins. 19%c: Americas, 20c. Poultry— Receipts. 7 cars: fowls. 26c: ducks, 29c: springs. 31c: geese. 16c: springs, 25® 27c: turkeys, 35c: roosters. 16 He: broilers. 33037 c. Potatoes—Receipts. 347 cars. Quotations: Old Wisconsin round whites. $2.4002.70: Minnesota round whites. $7 02.50: Idaho russets, $3 0 3.50: New A’abama and Louisiana Bliss triumphs. $3.50 03.85 (all sacked). NEW YORK. June 2.—Flour Quiet and easy. Pork—Firm: mess. $40.75. Lard—Stronger: Middle West. $16.50® 16.60. Sugar—Raw steady: 96 test, 4.21 c: refined dull: granulated. 5.55 0 5.70 c. Coffee—Rio No. 7. 19 Vo; Santos k No. 4. 22 (4 ® 23c. Tallow-—Quiet: speP rials to extras. 80 09c Hay—Strong; No. 1, $1.55; No. 3, $1.3001.35: clover, r,51.25® 1.45. Dressed poultry—Firm: turkeys. 30 0 62c: chickens. 190 50c: capons. 40®57c: fowls. 18® 36c. Live poultry— Easy; geese. 13015 c: ducks. 16025 c. fowls. 27 0 28c; turkeys. 25c: roosters. 16c: broilers. 300 45c. Cheese—Quiet; Young Americas. 21’i@25(4c. Butter — Easv: receipts. 32.185- creamery extras. 400 4OVe: special market. 40 (4 041 (ic. Eggs—Firm: receipts. 8.124: nearby white fancy, 370 38c: nearby State white, 30 0 36c: fresh firsts. 30M> ®3l He: Pacific coast first to extras. 33 % 039 c. BOY IS COOKIE MAKER SHARON. Vt. —Donald Brown. 10, son of Mr. and Mrs. Clifton Brown. Is an expert cake and cookie bakes. He does the baking for his mother, and makes very good frosting.

New York Stocks (By Thomson & McKinnon!

(All Quotation N.' Y. Daylight Saving Time) —June 2 _ Railroads— __ P re 'i'High. Low. 2:00. close. Atchison ..136 Vi 134 134 Vi 13 </* Atlan CL - 201 B & 0 90 89% 89% 89% Can Pacific 158 Vi 158 I§§ V* 108 C & 0 128 126 % 128 127% C & N-W. . 72% ... 72 71% C. R & P.. 49% ... 49% 49 D & Hud n Rr T\a/*k ... 100 V 4 Erie ’33% 33% 33% Brie Ist pfd 4040% 40% Gt No pfd 74% 74% 74% 74% K C South 41% ... 40% 41% L & N 127% ... 127% 127 MK&T.. 36Ms ... 36% ... Mo Pac pfd 84 82% 84 83 N Y Ceai.. . 127 126% 127 1-6 % NY NH &H4O % ,38 % 39 % 38 s No Pae 7° ' 7i % 72 72 % Nor & W.‘.' 146 S 146 ft 146 % l|g ft Pere Marq 86 ft 86 ft 80 ft Pennsylvan. 52% ... g'~ % 5 Railway 114% 114.% 114 4 114 _ So Pacific 100% ... 100 100.* St Paul .. 11 10% U 11 St Paul ofd 18 ... 18 18% It L& i F V 95% 94% 95% §4% Union Pac 147 % 147% 14/% 147 % Wabash ..41% ... 41% 41 % Wabash pfd 72% ... 72% is Rubbers— Ajax 9 V 8% 9 8% Fisk 16% 15% 16% 15% Goodrich .. 48 47% 48 48 Goodyr pd 100% CHICAGO GRAIN CLOSE ISUNEVEN July Wheat Finishes Sharply Lower. BU United Press CHICAGO, June 2. —LJrains closed uneven on the Chicago Board of Trade today. July wheat closed sharply lower and the other deliveries were fractionally off. Trading was dull and within a narrow range throughout the day.* Therte sudden awakening of export trade and other bullish items had little effect on the prevalent bearish sentiment. Further rains were reported from Kansas, but not from the Northwest. Frosts in that section caused some buying and short covering. Cash markets were generally steady. Corn closed fractionally higher in all positions after a steady day. There was considerable activity of local traders and the arrival of 168 cars had no apparent effect on prices. Cash grain was without change. Oats closed slightly lower after another dull day. Provisions closed higher. Chicago Grain Table —June 2 WHEAT— Prev. Open. High. Low. Close. close. July 1.37 1.37% 1.35% 1.36% 1.37% Sept 1 32 1.32% 1.31% 1.31% 1.32% Dec. 1.34% 1.35% 1.34% 1.34% 1.34% CORN— July .70% .71% .70% .71% .70% Sept .74% .75% .74% .78% .75 Dee. .75% .76 .75% .75% .75% OATS— Juyl .39% .4014 .39% .39% .39% Sept .40% .40% .40% .40% .40% Dec .42.% .42% .42% .42% .42% LARD— Ju1v.16.15 16.30 16.12 16.20 15.80 RIBS— Ju1y.17.45 17.55 17.45 17.46 17.35 RYE— July .87% .87% .85% .85% .86% Sept .88 % .89% .87% .87% .88% Dec .90% .91 % .90 .90 .90% CHICAGO. June 2.—Carlot receipts: Wheat. 71: oats, 183; com, 546; rye. 6. CHICAGO, Jnne 2. —Primary receipts: Wheat, 683,000 against 749.000: Corn, 1.213,000 against 1.123,000: Oats. 022.nnn acainst 632,000. Shipitments—Wheat 482,000 against 1.384.000: Corns, 413.imu against 875,000: Oats, 335,000 against 554,000. CHICAGO. June 2.—Wheat—No 2 red. $1.48%: No. 3. $147: No. 1 hard. $1,152% 01.53: No. 2. $1.51 V 4 01.52. Corn—No. 1 yellow. 71 %c: No. 2. 70%® 71c: No. 3, 68 068 Vi o: No. 4, 65®65%0; No. 5. 63 0,63 c: No. 6. 50c: No. 2 mixed, 68 0 70c: No. 366067 c: No. 5. 02c: No. 6 58059 c: No. 2 white. 70%c; No. 3. 68®690: No. 6. 58 0 59c. Oats—No. 1 white, 40 %C: No. 2, 401, I/;' 40 %c: No. 3. 40®40%0; No. 4 . 39 0 39%c: standards. 38 %c. Rye—No. 2. 88 %c. Timothy. 36 0 6.75. Clover. sl2 0 28. TOLEDO. June 2.—Wheat—No. 2. 81.51 01.52%. Corn —No. 3. 69%®70%e. Rye—No. 2. 87c. Oats —No. 2. 43 0 44c: No. 3. 42 0 43c. Barley—No. 2,70 c. Cloverseed—lmported. $17.50: domestic. $22: October. $19.50: December. $16.50. Timothy-—Cash. $3.45; September. $3.70. Alsike—Cash. sl7. Better—4l 044 c. Eggs—3oo3lc. Hay—s3o.

In the Sugar Market

(By Thomson & HcHinr.on) NEW YORK. June 2.—Several more Cuban mills have finished their grinding, leaving scarcely more than ton centrals still to complete their operations. This is of interest simply because of the fact that it marks the closing week of the present harvest, but as a market factor it was of little importance. Sugar futures steadied today. Switching from July to the distant positions continued, although the price change in the July contract was slight. Biehts estimate of the area de voted to European beet cultivation gave a total only a little in excess of his’ estimate as of May IS. We look for futures to fluctuate within a narrow range until more definite information i9 available regarding perspective consumption, but in the meantime would continue to buy the far months whenever they recede. CONVENTION INDORSED United States C. of 0. for Lesion Gathering in France. Indorsement of the France convention of the American Legion by the United States Chamber of Commerce was made at a recent meeting of the directors of the organization in Washington D. C. according to Bowman Elder of Indianaoplis, national chairman of the France convention committee. , Directors of the C. of C. not only went on record as approving the pilgrimage to Paris in 1927, but recommended that employers wherever possible cooperate with their ex-serv-ice employes in granting sufficient vacation time in 1927 to enable the veterans to make the trip. GAS TAX GAIN SHOWN May Collections Exceed Those of Year Ago $82,003. May collections of State gasoline tax exceeded receipts for the same month last year by $82,003.65, Archie N. Bobbit, State gasoline tax collector. Reported today. Collections for May, 1926, totaled $714,558.08. as against $632,554.43 for May a year ago. Charles C. Benjamin, field man for the department, collected $1,046.11 in delinquent taxes. The report shows an increase of 2,733,455 in the number of gallons of gasoline' consumed in May, 1926, over that used in May, 1925. The 3-cent tax went into effect in April, 1925. WOMAN. 60, MISSING BV United Prrgg EVANSVILLE, Ind., June 2r— Police of Middle Western States were appealed to today to aid in the search for Mrs. Sarah Dare, 60, missing since iate in April.

Keliy-Spg... 13% 13 13% 13% U S Rub. 54% 53% 54% 53% Equipments— Am C & F 90% 96 96% 95% Am Logo.. 99% 99 99% 98% Am St Fd .. . . ... ’ ... 40 % Bald Loco 108 106 107% 106 U Gen Elec.. 319% 318% 319% 317% N Y Airb. ... ... ... 39 Pullman ..174% 170% 174 170% West Airb. 116% ... 116% 116 West Elec .07% ... 07 67% Steels— Bethlehem 39% • 39% 39% Colo Fuel t 40% 46 40% 40% Crucible . . 70 ... 70 70 Gulf States 70% 70 70% 70% PRC &I. 37% ... - 37% 37% Repub Steel 49 ... 49 49 % bloss-Shei.. .. ... ... 125% U S Steel .123% 122% 126% 122% Union Alloy . . ... ... 34 Motors— Am Bosch 20 Chandler. .. 32 % ... 32 % ... Chrv-sler .. 31 30% 30% 30% Dodge .... 25 24 % ... 24 % Fisher Bod. S3 % 82% 83% 82% Gen M0t...125% 124% 125% 124% Hudson ... 04% 03% 64 03% Hupp ... 19% ... 19% 19% Jordan ... 30% .. 30% 30 Mack .....112% 111 Vi 111% 111 Martin-Pry. 18% ... 18% ... Moon §4% 23% 24(5 23 b a sh ..... oo % 64% 60-* t>s % Packard ... 35 % 34 % 35 35 % Pierce Ar . . 24% 23% 24% 24 Studebaker 1 51 % .. .' 51 % 51 % Stew-Warn. 70% ... 70% 71% Timken ... 60 ... 50 50 % willys-Over 23% 22% 23% 22% White Motor 55% 65% 55% 55% Mining— Am Smelt 117 ... 116% 117% Anaconda .45 ... 45 45 % Cerro DP ... ... 63 Int Nickel . 35 % . . . 35 ii 35 54 Kenneoott.. 53 % ... 53 % 53 % Tex G& S 134% 134 134% 133% U S Smelt . . ... ... 37 % Otis— Atl Refg.,123% 121 122 121 Cal Petrol.. 32 % ... 32 % 32 % Freeport T. 33% 32% 33 32% Gen Petrol .65 ... 64 % 64 % Houston ..62% ... 62% 62% Indpt Oil.. 25% 25% 25% 25% Mariand Oil 58 67% 57% 57% Mid Con Pet 32% ... 32% 33 Pan-A Pete. . ... ... 70 P-A Pete B 71% 70% 71% 71 Pacific Oil. 1 % ... 1 % 1 % Phillips Pet 46% ... 46% 46 Union Oil.. 44% ... 44% 44'% Pure Oil .. 28% 28 28% 28 Royal Dtch 53 % ... 63 % 53 % Sinclab- ...22% ... 22% 22% Skelly .... 35 84% 35 34% S Oil of Cal 58% ... 58% 58% S Oil of N J 44 % 44% 44% 44% Texas Cos.. 53% 53% 53% 53% Trans Pete. 3% ... 3% 3% Industrials— Ad Rumelv .. ... 11 Allis Chaim .. ... 82 Allied Chm 110% ... 1f6% 110% Armour A. 14 ... 13% 13% Amer Can. 46% 45% 46 45 % A H & L pf 42 ... 42 41 % Amer Wool 24 ... 23 24% Cent Leath. . . ... ... 13 Coca Cola .153 152% 153 152 Cont Can.. 74 % ... 74 % 74 % Dupont .. 211% ... 211% 211 F Players 123% 122% 123% 123 Gen Asphalt 07 % 66% 67 06% In Cm Eng. 53% 51% 52% 51V* Int Paper.. 50% ... 50% 50% Int Harv 116 Mont Ward 63% 62% 63% 63 Owen Bottle 62 61% 62 61% Radio 44% 44 44% 44% Sears Roeb. 47% ... 47% 47% Untd Drug 152% ... 152% 153 USC I P 167.% ... 167% ... US In Ale 53'/* $1 52 61 Woolworth 145 144% 144% 144% Utilities— Am TANARUS& T 149% 140% 149% Brklyn Man 67% 66% 67 67% Col G & El 80% 80 811% 80% Cons Gas . 95 % 94 % 95 94 % Nor Am Cos 49,% 49% 49% 49 % Peoples Gas . . ... ... 121 % Phila Cos .... j ... ... 73 % St G and E 53% 63% 56% 53% Wn Union 143 % Shipping— Am Int Cpn 35% ... 35% 35% Am S and.C 9 % ... 9 % Atlan Gulf... ... ... 39 I M M pfd 36 35% 36 36% Untd Fruit 108% ... 108% 107% Foods— Am Sugar.... ... ... 69 Am Bt Sug 21 ... 21 ... Austin Nien .. ... ... 15% Calif Pkg 132% ... 133 132 Corn Prod. 42% 42% 42% 42% Cu Am Sug -25 . . . 25 25 Fleischman 45% 44% 45 45 Jewel Tea ... ... . . . 32 % Natl Biscuit 87% ... 87% 88 Postum 89V* 87% 88% Ward Bkg B 29% 28 28% 28% AJe°r ba TbbTls% 115% 115% I]o Am Tob B. .. ... ... 11 • > Cons Cigars 59% 68% 69 % 58% Lorillard . . 38 ... 38 38 Tob Prod B 99% ... 99% lOrt,, U C Stores. 91 ... Schulte R S 46% ... 48% 87

Indianapolis Stocks

—June 2 Bid. Aak. American Central Life .... 250 Am Creosoting Cos Did 100(4 ... Advance Rumely Cos com ... Advance Rumely pfd ... Belt R R com 86 ... Belt R R pfd o 7 ... Cent Ind Power Cos pfd .... 88 92 Century Bldg pfd 99 ..... Citizens Gas Cos com 45 47(4 Sitizens Gas Cos pfd 105 ... ommonwealth Loan pfd. . . 99 104 Equitable Security com... 51 ... Hook Drug Cos com (Class A) 27 ... Indiana Hotel com 100 ... Indiana Hotel pfd 100 ... Indianapolis Gas 57 ... Indpls 4t Northw pfd 49 ... Irdpls & S E ofd . . • Indpls Street Railway .... 42 45 Interstate Pub S prior lien 99 ... Merchants P Util Cos pfd. . . 97 ... Real Silk pfd 98 (4 101 Progress Laundry Cos com. . 20 *4 ... Public Savings Ins Cos 12 ... Rauh Fertilizer 48 ... Standard Oil of Indiana... 64 (4 66 Sterling Fire Ins 12 ... T H T 4 E com 2 5 T H I & E pfd 30 T H T & Lt pfd 92 100 Union Title com 101) 102 Union Traa,of Ind c0m.... .. 1 Union Trac of Ind Ist ofd.. .. 10 Union Trac of Ind 2d pfd.. .. 2 Van Camp Pack Cos pfd . . 18 - • . Van Camp Prod Ist pfd .... 95 Van Camp Prod 2d pfd 95 Wabash lly Cos com ... Wabash Ry Cos pfd ... —Bonds— Belt R R and Stock Yards 4s 88 . Broad Ripple 5s 74 ... Central Ina Power 6s 98(4 ... Citizens Gas 5b 98 99 Citizens St Ry 6s 84 86% Home T and T 102(4 103(4 Indiana Coke and Gas 6s . . 9o 97 fndlana Hotel 5s 97 ... Ind Ry and Light 5s 95 ... Indpls Col & So 98 100 Indpls Gas 6s 98 100 Indpls Lt and Ht 6s 101 ... Indpls & Martinsville ss. ... 65 70 Indpls Northern 25 30 Indnls Northern certif ... 23 ... Indnis Northwestern 5s ... 66 ... Indpls & S E 5s ... Indpls Shelby & SE ... Indpls St Ry 4s 65 67 Indpls Trac and Term sa. . 93(4 95 Indpls Union Ry 5s 100 ... Indpls Water 'Vks sec ... Indpls Water 5(4s .......103 104(4 Indpls Water 4(4s 92% ... Interstate Pub Serv 6s ....100 102 Interstate Pub Serv 6(4a..102% ... T H I & E 5s 74 T H T and Light 92 ... Union Tr and Ind 6s 18 23 Union Traction certif 16 ... —Bank Stocks— Aetna Trust and Sav Cos. .. 112 Bankers Trust Cos Tl3O ... City Trust Company 141 Continental National 110 ... Farmers Trust Cos , 235 ... Fidelity Trust Cos 154 ... Fletcher American 157 165 Fletcher Sav and Trust Cos . 242 . . . Indiana National Bank ...260 267 Indiana .Trust Cos 225 ... Live Stock Ex Bank 160 170 Marion County State Bank. . 160 Merchants Nat Bank 3'7 ... People’s State Bank 245 Security Trust 230 ... State Sav and Trust 100 104 Union Trust Company 349 400 Wash Bank and Trußt Cos.. 150 ... —Liberty Bonds Ist 3(4 s 100.60 100.70 Ist 4(4 s 102 50 ,102.60 2nd 4(. s 100 70 100.80 3rd 4i‘s 101.10 101.20 4th 4(4 a 103.00 103.10 -U STr 4 (is 108.10 108.20 USTr 4s . 104.20 104.30 U S Tr 3%s 10110 101.20 Sales 10 shares St Ry at 43

In the Cotton Market

Bv Thomson A McKinnon NEW \ ORK. June 2.—The cotton market was quiet this afternoon and prices were about five points lower during the forenoon. According to the weekly report issued by the Government, the late start has rot. been made up to any great extent. Aside frjm the positive statement that the drouth in the Carolinas has not been relieved. the rest of the document is so qualified that it furnishes very little speculative ammunition for either part. The demand for low grades in the South has taken the principal weight from the producers’ shoulders, and the marketing of the better grades is a much less serious matter. As this business goes forward, the undoing of contract hedges in New York should suooly a large amount of buying orders. With occasional reactions largely of a professional character exospted, we think the general trend of the r— err’M ( unwerd

.THE INDIANAPOLIS TIMES

Heavy Run Absorbed by Active Demand From Hog Traders. HOG PRICE RANGE May. Bulk. Top. Receipt*. 26 1395014.35 14.35 6->OO 27. 14 10 014.50 14 50 7.000 28 13.65 014.35 14 45 7.600 29 13.85 014.35 14 io 3.000 J i ne ‘ [email protected] 14.45 .S-522 2 13.85 S 14.35 14.00 10,000 > The hog market remained unchanged in the midweek session at the Indianapolis Livestock Exchange from quotations made at the close of the Tuesday market. The top price of $14.50 was placed on choice lightweight material weighing around 160 pounds and represented a 5-cent increase over the top price made in the previous session. Trading was active and the heavy demand soon absorbed the large run estimated at 10,000 porkers. Holdovers were counted at 424 and were added to the total fresh offering. The bulk of sales were steady at [email protected]. Hogs weighing 160180 lbs., $14.45; 180-200 lbs., $14.35; 200-225 lbs., $14.15: 225-250 lbs.. sl4; 250-300 lbs., $13.85; 300 lbs., and up, $13.60. Hog Price Scale Trading was done over the following range of values; heavyweight material brought $13.60@14; mediums sold’ at [email protected]; llbhts commanded the top price of $14.35® 14.45; light lights averaged $14.a0; pigs were still high at $14.50014.75; smooth packing sows moved at sl2 50®13; rough packing sows cashed at [email protected]; and stags were [email protected]. The cattle market remained steady with change? made Tuesday. A soft spot In steers nf medium grade appeared Tuesday, but this re cession did not appear or weaken tn the morning trading. Most traders quoted the market f%Jly steady on all grades. Receipts were estimated at 1,600 bo vines. Steers were priced at $609.50: heifers, [email protected], and cows, [email protected]. Calves Are Lower The calf market slumped 50 cents lower at the start of the session because of the continued heavy receipts estimated at 1,300 veal ere. Traders started buying material at a top price of $14.50. representing a loss of 50 cents from Tuesday, but later tn the day dropped to sl4 on the best veals. The bulk of the transactions for the day were made at sl4, with a few late safes as low as $13.50 on fairly good grades. The entire market showed weakness. The sheep and lamb department of the Exchange was steady with previous quotations. Receipts were estimated at 400 ovines and trading was fairly acti' e. Clipped sheep were quoted at ss@7; clipped lambs sl2® 15.50; spring lambs, [email protected]; and bucks, s4@6. —Holts— Heariee Medluihs T.'srht lights liSSnunn Smooth bows Stags 10.00012.00 " llfttt IP Good to choice fat steers..s 9.00 0 950 Medium and good steers.... ?-50@ 9.00 Light heifers . . f S SLEI Cuinmon to medium heifers. 0.00 0 SJO Cows 6.00 0 7.60 —Calves — Best real* $14.50 Bulk of sales . ..; 14.00 Common to medium [email protected] —Sheep and Lambs— Clipped lambs sl2 00 016 50 Clipped shi'ep 6.00® 7.00 Spring lamb* 13.00017.50 t>uc&a 4.000 4.50 Other Livestock CHICAGO. June 2.—Oattle—Receipts. 13,000: fed steers, steady to 15c lower: doau-able light steers and heifers, 25c lower; 1,378-pound bullocks. $10.56, top: some preferred steers. $10.25® 10.n0: two loads at $14.75: eight-month fed steers to Indiana packers. $10.40; butcher cows and lower grade heilers steady: bulls and ahe-stock, weak: vealers, bulk, sl2 0 13.50. Sheep—Receipts. 12.000; eboioe fat lambs, antive: ohoioo Idahos. $18.65, desirable nativo upward to $18.25: yearling wethers. $10.00: medium to good grades, $13.50 016.50: in between grade yearlings. 25e lower: stocks, lower: ewes. s'/. Hogk—Receipts. 14.000: market, strong to 10c higher; top. $14.40; bulk. $13.70014.10: heavyweights. $13,40 0 medium weights. $13.800 14.35: lightweights $13.45 @14.40: light lights, $13.45® 14 40; par-king sows $17,250 12.85: slaughter pigs. $13.83 @ 14.50. CLEVELAND. June 2.—Hogs—Receipts. 2.600: market steady. lOe higher: Yorkers. f 14.60© 16;. mixed. $14.60: medium. 14.25: pigs. sls: roughs. sl2; stags, $8.50. Cattle—Receipts. 200; market., steady: choice yearling steers. $9 010; food to choice butcher steers. $8 09: fair o good butcher steers. $7 0 8.50: good to choice heifers. SBO 9: good to choice butcher bulls. $708: good to choice cows, $5 0 6.50: fair to good cows. $4 05; common cows. S3O 4: milchers and springers. S4OO 80. Sheen and lambs—Receipts, 600: market, steady: top. $10.50. Calves —Receipts. 500: market, steady: top. sl4 EAST ST. LOUIS. June 2.—Cattle—Receipts. 5.000; market. steady: native steers. $8.35 0 9.25: yearling heifers. $8 0 9.25: cows. $5.25 0 6.25; eanners and cutters. $3.5005: calves. $13.25: stockers and feeders. $7.75 08.50. Hogs—Receipts. 16.000; market steady to 10c higher; heavies. $13.80014.50: mediums. $l4O 14.30: lights. $l4O 14.40: light lights. $14.20014.40: packing sows. $11,90 0 12.15; pigs. $1401450; bulk. $14.10® 14.40. Sheep—Receipts. 7.000; market. 45@500 lower- ewes. SSO 6: eanners and cutters. $1.5003.60: fat lambs. $10.50© 17.50. EAST BUFFALO, June 2.—Cattle—Receipts. 250: market, fairly active; shipping steers. sß© 10: butcher grades. $0.50 @9.50: cows. $2 @7. Calves—Receipts, 200: market, active and steady; cull to choice, $4 015. Sheep and lambs—Receipts. 100 ;market, active and steady; choice lambs, $16016.75; cull to fair, ,$10015: yearlings. $9013: sheep. s4@ 10. Hogs—Receipts. 1,600: market, active steady, 10c higher: Yorkers, , $15.10(0 15.25: pigs. $15.10 0 15.26: mixed. sl4 0 14.40: heavies. $14.60015.10: roughs. $12012.50: stags, sß® 9.50. CINCINNATI. June 2.—Cattle Receipts. 500: market step/iy; shipping steers, good to choice. $9 010. Calves— Market 50e lower: good to choice, sl3 0 14. Hogs—Receipts. 4.000: mostly 10®

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15c lower: good to choice pseker* and butchers. $14.40. Sheep—Receipt*. 2,500; market steady; good to choice. $6 07. Lambs—Market slow, steady: good to choice, $17.50 018. PITTSBURGH— June 2. — Cattle Receipts light: market steady: choice, $9.50 ©9.75: good. $9.25 09750; fair. $7,30 0 8.25; veal calves. $14fi14.00. Sheep ana lambs—Receipts 2 double-decks: market strong 1 : .prime wethers. $8.50@9: good. $7.7008.25: fair mixed. $5.5006 50: lambs. SBOI6. Hogs—Receipts, 8 doubledecks: market strong: prime heavy. $l4O 14.50: mediums. $14.90015.10: heavy Y'orkers, $14.90015.10; light Yorkers. $15.15015.25: pigs. $15.150 15.25: roughs. $10.50 0 12.20; stags. $0 5008. DEMOCRATS MAKE FIGHI FOR VOTE (Continued From Page 1) rick of Kokomo, William A. Cullop of Vincennes, Albert Stump and L. Ert Slack of Indianapolis. If a deadlock develops, observers agreed, the lightning may strike any one. Among the outsiders mentioned as possibilities were Frank Halley and Frederick Van Nuys, Indianapolis; Lincoln Dixon, North Vernon; Joseph M. Cravens, Madison; Dan W. Sims, Lafayette, keynote orat and Judge Herdis Clements of Mt. Vernon. To Draft Reports District delegations will organize tonight *and elect members of the resolutions, rules and credentials committees, which will go into session immediately to draft their reports for submission to the convention the first thing Thursday morning. The State committee was to select anew secretary and treasurer this afternoon The advisory committee wrestled with a tangled situation that virtually defied efforts to unravel. From Evans Woollen, the party’s short-term senatorial candidate, the committtee received a 300-waxd declaration of principles which he urged be incorporated in the platform. He urged It be kept brief. Suggestions From .Labor Traders assured Woollen It would be concise, but they faced the demands of numerous blocs, groups, and individuals for Inclusion of planks, and it looked like a hopeless task to please both the candidate and the blocs. I.abor leaders submitted long plank suggestions. The Farm Bureau Federation submitted a demand for inclusion of a plank indorsing the State income tax amendment to the constitution. Democrats of the old school demanded a declaration for sweeping downward revision of (tariff schedules, which Woollen has declared against. A sharp conflict was expected on this plank. Thomas Taggart, veteran leader, was expected to force a plank Into the platform declaring for repeal of the primary law as It affects

gubernatorial and senatorial nominations and also for repeal of the absent voters' law. Holtzman Heads Bloc Another bloc, headed by John W. Holtzman, former mayor of Indianapolis, demanded a plank Indorsing the State highway commission and denouncing, by name. Republican leaders who sought to make the commission a “political football” by enactment of the road bill In the last Legislature, designed to destroy the commission's nonpolitical complexion. Olin Holt of Kokomo, 1924 candidate for the Democratic gubernatorial nomination, led a fight for Inclusion of a plank promising abolishment of the public service commission as a means for restoring local self-government. Friends of Eugene B. Crowe of Bedford and Arthur Hamrick of Greencastle put them in the race for the secretary of State nomination against Orville Sampson of Morristown. David Ferguson of Covington apparently had no opposition for the nomination for auditor of State, as did Jap Jones of Martinsville State treasurer. Wood Unger, Butler University professor, and John Linebarger of Rockville were prominently mentioned ds State superintendent of public Instruction nomination candidates. Zach T. Dungan of Huntington, clerk of the Supreme and Appellate Courts, was opposed for renomination by Christian Emhardt of Indianapolis. Charles Remster of Indianapolis was a possible nominee for Third district judge of the Supreme Court, a> was Dan Pyle of South Bend for Fifth district Judge of the Supreme Court. Daniel Link was mentioned as one of the candidates for judge of the Appellate Court, second division. Tt appeared the party may have to draft the rest of the judicial candidates. Building Permits Albert Junert. dwelling. 923 E Tabor. B. K. Lester, more dwelling. 2857 N. Olney, S2OO Jonn J. O'Britxi. garage. 19 Orange, $250 Charles Witthoft. rarage. 2345 N Delaware. S4OO. Charles L. Hartman, storeroom. 2638 N. Harding. SSOO. Standard 01! Company addition. TwentyNinth and Harding, s2dO. Standard Oil Company, tanks. 2502 Mar Undale. SI.OOO. Standard OH Company. staUon. 2502 Martindale. $2,500 A. F. Comer, addition. Crane and Maryland. SI,OOO. Harvey Lavler. furnace. 549 Arbor. $312. Fred Washington, furnace. 1015 N. Missouri. $250 i A M. Seany. furnace. 2020 S. Meridian. M 53 F. Dransfield. furnace. 2280 S Meridian. $750. H. V. Taylor, furnace 2324 W Morris, B. Hancock, dwelling. 2838 E. Sixteenth. $3,446. E. H. Pearson, furnace. 5760 Broadway terrace. $275 . ’ Standard Oil Company, tanks. TwentyNinth and Harding. S2OO. A McNew. dwelling. 3220 Hoy ay $2,500.

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BOH, AS DRY, TO SEEK PRESIDENCY (Continued From Page 1) few days as an aboslute bone-dry champion. “I have my own views about this matter and on my own Initiative and on my own responsibility I shall from now on, as occasions present themselves, present those views,” Borah also says. Challenge to Cal These expressions, coming on the heels of his Baltimore speech, where he told a gathering of Presbyterian churchmen that in so far as he Is concerned he "would kick Into the waste basket” referqndums on proposed modification of the Volstead act, have led to the Inevitable conclusion that Borah Is ready to challenge President Coolidge's right to a third term. For the past ten years Borah has been getting honorable mention for the Republican nomination for Pres ident. Discussion of Borah's availability was particularly prominent in 1920, the year the favorites appointed Warren G. Harding, a dark horse, to win. Borah was offered the vice presidency at. Cleveland two years ago, at the dictation of President Coolidge. It was reported, but he scornfully refused. He would not play second fiddle. DAWES His championship of revision of Senate.rules in his inaugural speech and subsequent campaign were hailed as a forecast .that he would enter the 1928 ring. But his candidacy has been given a recent spurt because of an announcement that he believes the “equalization fee” sys tern of stabilizing farm prices is economically sound, although that view Is directly opposed to that of the President. He made a national rules campaign last summer and will continue his speaking tour this summer. He is a good friend of JFiwden and might withdraw if Lowden ran. LOWDEN First of opponents of the President to bob up, after a speaking tour last winter In which he opposed the President’s farm relief stand. Word from the Middle West has given politicians here the firm impression that he Is probably the strongest candidate In the corn and wheat belts. He turned down the Republican vice presidential nomination In 1924 after it was given to him. He has the ground work laid for a big organization. He is a dirt farmer and has been

PAGE 13

speaking for several months throughout the country on farm relief legislation. WATSON He apparently dominates the Re publican organization in Indiana, as manifest by his overwhelming victory In the recent Senatorial primary. Always previously a supporter In everything, he came out publicl.' last week In favor of the equaliza tion fee farm provision opposed by the President. Sincere advocates of the prohibition law unquestionably are flabbergasted and dismayed at the rapid spread of sentiment seeking clearcut, State-wide referendum* on proposed modification such as has been authorized In New York and will be authorized, It ts believed. In Pcnnsyl vanla and Illinois. Their professional leaders, like Wayne B. Wheeler, dictator of the Anti-Saloon league. as Influential as of old. Their effectiveness Is being destroyed bv men who. with no axes to grind, are willing to fnoe the facts. So the dry. therefore, find them selves in need nf a great leader wh" commands popular respect, whose name rtands for independence. Borah nominates himself. Help! Help! The immediate reaction Is sn In vitation from the Anti-Saloon Teague of New York to hurry there to help stem the strongly running tide lr behalf of the forthcoming referan dum. They want Borah to come and denounce the referendum as h* did at Baltimore, and Incidentally create a backfire against Governor A! Smith and Senator James W. Wadsworth the acknowledged leaders of th r New York Democratic and Repuh Mean parties. Borah long ago out his political wisdom leeth. 'He must, snd doe realize that hy championing the op position to a referendum after It has been authorized In New York and Indorsed h.v Senator Reed of Penn sylvan la, Bingham of Connecticut and Edge and Edwards of New Jer sty, that he Is paving the way t> line tip the East against the hereto fore hone-dry South and arid Wes' and Middle West. Wllllsm Jennings Bryan failed lr such an effort. Now Borah, unque* tlonably, Is preparing the aftemp' ‘MYSTERY’ MAN SOUGHT Police Unable to Find Prowler Afte> Shot. Police investigated reported m\s tery without success Tuesday nigh: Mrs. Elizabeth Wise. 624 W. Fortieth St., called police when she saw a man prowling about her home. Be fore the officers arrived, she said she saw the man walk into the new se/tton of Crown Hill cemetery ant) heai’d a thot. A search of the grounds failed to reveal ti-ace of the